{
    "_id": "ADBE20230004",
    "title": "",
    "text": "Adobe personalized digital experiences. four decades innovations transformed institutions governments media. products services solutions manage deliver digital experiences. diverse user base consumers communicators professionals developers students businesses enterprises. creators artificial. products services unleash creativity accelerate productivity power businesses."
}
{
    "_id": "ADBE20230006",
    "title": "",
    "text": "deliver products services solutions empower customers content digital experience. investments two areas"
}
{
    "_id": "ADBE20230007",
    "title": "",
    "text": "Digital Media. products services solutions teams businesses enterprises create publish promote content productivity. Adobe Creative Cloud Document Cloud Express Firefly Photoshop Illustrator Lightroom Premiere Pro Acrobat Sign tools creative professionals communicators consumers. core decades evolved expanded Digital Media model flexible solutions creative potential."
}
{
    "_id": "ADBE20230008",
    "title": "",
    "text": ". platform products services solutions Adobe Experience Cloud monetize experiences commerce. customers marketers advertisers agencies publishers merchandisers merchants web analysts data scientists developers executives. Adobe Experience Platform data profiles personalized experiences."
}
{
    "_id": "ADBE20230010",
    "title": "",
    "text": "offer products services solutions Digital Media Experience. Adobe GenStudio Digital Media"
}
{
    "_id": "ADBE20230011",
    "title": "",
    "text": "Digital Experience Creative Adobe Experience Cloud simplify content supply chain AI automation. compete Digital Media Experience change world personalized digital experiences relevant invest digital transformation."
}
{
    "_id": "ADBE20230016",
    "title": "",
    "text": "business segments Media Experience Advertising."
}
{
    "_id": "ADBE20230017",
    "title": "",
    "text": "segments management financial view. growth opportunities legacy products services solutions third segment Publishing Advertising."
}
{
    "_id": "ADBE20230019",
    "title": "",
    "text": "overview markets strategic opportunities 2024 segments. Part II Item 7 Financial Condition Results Note 2 Consolidated Financial Statements segment information."
}
{
    "_id": "ADBE20230022",
    "title": "",
    "text": "digital world content documents global economy productivity design creativity relevant market opportunity Adobe digital media. Everyone story needs products services. AI technologies opportunity demand production content. shift creative professionals processes productivity new fields barriers creativity. creativity team sport redefining productivity collaboration critical success. Adobe driving innovation trends democratize creativity collaboration."
}
{
    "_id": "ADBE20230023",
    "title": "",
    "text": "flagship Digital Media Adobe Creative Cloud subscription creative products cloud services platforms. creativity Creative Cloud addresses needs content creators knowledge workers marketers educators communicators consumers. customers rely products content creation photo editing design video mobile gaming development. choose speed Adobe Express web mobile app flagship Creative Cloud apps. grow advancing creative category expanding content creativity Adobe Express collaboration inspiring creative community sharing monetization expanding user base AI Express AI apps."
}
{
    "_id": "ADBE20230025",
    "title": "",
    "text": "Digital Media segment includes Adobe Document Cloud services PDF technology Acrobat Sign apps digital document workflows. opportunity accelerate document productivity transform. Trillions PDF documents created role. hundreds millions engage PDF daily legal financial services publishing"
}
{
    "_id": "ADBE20230026",
    "title": "",
    "text": "Acrobat Reader customers apps document services Cloud."
}
{
    "_id": "ADBE20230028",
    "title": "",
    "text": "goal Digital Media leading platform creativity digital document solutions products services design deliver content. data engagement product-led growth content interact documents frictionless efficient needs increase value."
}
{
    "_id": "ADBE20230029",
    "title": "",
    "text": "redefining creative process Creative Cloud. empowering novice creators communicators professionals create edit schedule share content Adobe Express Photoshop Premiere Pro Acrobat. collaboration. Premiere Pro After Effects Illustrator InDesign. expanding Creative Cloud Adobe Firefly Photoshop. infusing AI creative apps new models images vector AI-powered video features Photoshop Illustrator Premiere Pro. building foundation models. Firefly safe AI Ethics. 2023 innovations Adobe Firefly models Text-Based Editing Premiere Pro Generative Fill Expand Photoshop Recolor Illustrator Text to Image Effects Adobe Express."
}
{
    "_id": "ADBE20230030",
    "title": "",
    "text": "pursuing inspire connect creative community Create Change series residency program tutorials Behance. offer creative products services libraries Stock Fonts mobile apps Creative Cloud Libraries. Digital Media Products Services Solutions."
}
{
    "_id": "ADBE20230031",
    "title": "",
    "text": "Creative Cloud business product-led growth strategy friction positive experiences adoption usage conversion expansion loyalty. pricing strategy migrate higher-value attract subscribe. data-driven model Adobe Experience Cloud solutions customer awareness engagement licensing products. Adobe. com central destination customers renew Creative Cloud subscriptions. subscribe twenty Creative Cloud products single subscription collections. offer free premium levels apps Firefly targeted packages suites Photography Plan. generative AI capabilities value potential customer base engagement retention Generative. collaboration features Photoshop web Frame. io expand stakeholders review copywriting social media marketing. channel partners target mid-size creative customers Creative Cloud for Teams. sales force relationships customers adoption Creative Cloud for Enterprise. strategy Creative Cloud increase revenue attract new grow recurring revenue stream."
}
{
    "_id": "ADBE20230033",
    "title": "",
    "text": "Adobe Document Cloud revenue growth customer base product-led growth strategy PDF experience improve Acrobat functionality expand digital actions. innovation Adobe Sensei AI machine learning. unlocking business workflows PDF Acrobat accelerating Document Cloud digital sales-to-market industries. 50 million"
}
{
    "_id": "ADBE20230034",
    "title": "",
    "text": "PDF harness attract users Document Cloud services Acrobat web create edit convert sign compress PDFs. data-driven model subscription pricing small businesses enterprises government institutions. corporate volume licensing programs increase reach marketing Acrobat education financial services telecommunications government expanding emerging markets. strategic partnerships distribution enterprise business."
}
{
    "_id": "ADBE20230035",
    "title": "",
    "text": "Document Cloud customers expect processes seamless expanding Document Cloud capabilities. Acrobat Reader mobile AI “Liquid Mode” PDFs screens. Acrobat web quick results. Adobe Scan mobile devices documents PDFs. Acrobat Sign green alternative documents automate processes workflows integrated Acrobat. Adobe Sensei capabilities Acrobat Scan Sign migrate paper personalized digital experiences growing revenue."
}
{
    "_id": "ADBE20230038",
    "title": "",
    "text": "Consumers buy experiences demand personalized digital experiences relevant engaging seamless secure channels. Business customers expectations companies engaging experiences. AI automation personalization brands stand creative expression future experiences personalized. Delivering personalized experience requires data insights content channels. opportunity provide solutions real-time personalization content supply chain streamlined process ideation deployment measurement optimization. Marketing evolving multi-practitioner-functional return on investment transformation."
}
{
    "_id": "ADBE20230039",
    "title": "",
    "text": "Adobe Experience Cloud digital businesses personalized experiences solutions. Addressing challenges customer experience management opportunity help businesses invest solutions."
}
{
    "_id": "ADBE20230041",
    "title": "",
    "text": "goal leading provider cloud digital experiences transformation. Adobe Experience Cloud apps services manage journeys personalized experiences intelligence. Adobe Experience Platform solutions. descriptions Products Services Solutions."
}
{
    "_id": "ADBE20230047",
    "title": "",
    "text": "Adobe Experience Cloud solutions pillars insights audiences. products Analytics Customer Journey Analytics Product Analytics Real-time Customer Data Platform deliver data tailored experiences. commerce. content multi commerce experiences. journeys. manage personalize journeys Marketo Engage Campaign Target Journey Optimizer. planning workflow. products measure optimize marketing investments Mix Modeler plan manage collaborate execute workflows Workfront."
}
{
    "_id": "ADBE20230048",
    "title": "",
    "text": "goal deploy capabilities enterprises generate engaging experiences creators creativity scale production marketing recommendations personalized customer journeys. innovations Adobe Sensei AI personalized digital experiences. offers domain-specific AI services attribution insights customer journey management lead management sentiment analysis one-click personalization anomaly detection. building generative AI Manager. increase value create competitive differentiation."
}
{
    "_id": "ADBE20230049",
    "title": "",
    "text": "Adobe Experience Cloud open platform ecosystem Platform. transforms data into customer profiles. updated real time AI insights experiences across channels. open architecture scalability products apps industry ecosystem."
}
{
    "_id": "ADBE20230050",
    "title": "",
    "text": "Adobe Experience Cloud engagement growth product differentiation experience B2B B2C enterprise mid-market. growth go-to-market approach C-suite partnerships transformational accounts acquisition value realization solution expansion. direct sales force ecosystem partners marketing agencies systems integrators software vendors. strategic partnerships companies market reach. investments scale size growth revenue Digital Experience segment 2024."
}
{
    "_id": "ADBE20230052",
    "title": "",
    "text": "Publishing Advertising segment products eLearning publishing web conferencing web app high-end printing Adobe Advertising. Graphics professionals publishers quality reliability efficiency printing Adobe PostScript PDF functionality. high printing digital software Adobe PostScript PDF standards."
}
{
    "_id": "ADBE20230053",
    "title": "",
    "text": "Adobe Advertising end-to-end digital video display search channels screens."
}
{
    "_id": "ADBE20230055",
    "title": "",
    "text": "generate revenue legacy licensing equipment manufacturers software printers Advertising usage offerings."
}
{
    "_id": "ADBE20230058",
    "title": "",
    "text": "participate evolving competitive global environment competitors vary. recognize hundreds competitors. markets products standards distribution models technology innovation introductions short life cycles. future success enhance products services introduce new customer needs information security extend technologies apps anticipate standards business models changes."
}
{
    "_id": "ADBE20230059",
    "title": "",
    "text": "summary competitive environment business segments. Part 1 Item 1A risks competition."
}
{
    "_id": "ADBE20230070",
    "title": "",
    "text": "Digital Media segment competition companies point offerings free products websites downloadable apps. evolving market competition AI companies hardware camera manufacturers open-source web-authoring tools-first apps native tools media platforms stock content document creation storage collaboration signing providers system developers media."
}
{
    "_id": "ADBE20230082",
    "title": "",
    "text": "competitive factors include product features functionalities tools apps workflows intuitiveness visual appeal interfaces cost benefits flexibility accessibility platforms educating create AI models digital media secure data handling storage protocols."
}
{
    "_id": "ADBE20230083",
    "title": "",
    "text": "attract customers products services standalone tools Creative Cloud Document Cloud. Creative Cloud features functionality AI models ease use reliability value performance. Adobe Firefly generative AI integrated safe commercial use. Adobe Express creative technologies content creation collaboration sharing projects. Document Cloud PDF offerings features functionalities business brand."
}
{
    "_id": "ADBE20230090",
    "title": "",
    "text": "Digital Experience segment competes markets growing evolving intense competition. Adobe Experience Cloud solutions face competition from companies software product companies entering Software-as-a-Service solutions internally-developed apps."
}
{
    "_id": "ADBE20230106",
    "title": "",
    "text": "competitive factors include performance security scalability flexibility reliability strategic relationships integration apps intuitiveness appeal interfaces cost-effective benefits flexibility-level customer service training governance usability-time data reporting from portals search engines deploy globally integration customization AI models."
}
{
    "_id": "ADBE20230120",
    "title": "",
    "text": "compete enterprise low-cost alternatives strong feature set breadth offerings Adobe Experience Cloud focus global multi-brand companies AI intuitive user experience multi-screen data-channel apps-based content creation digital experience personalization optimization."
}
{
    "_id": "ADBE20230122",
    "title": "",
    "text": "Publishing Advertising segment competition large Extensible Markup Language. web conferencing software. features ease-use customization integration hardware platforms service price. quality features complementarity Creative Cloud Document Cloud Digital Experience strong brand."
}
{
    "_id": "ADBE20230126",
    "title": "",
    "text": "Creative Cloud subscription photography design video social media platforms geographies. Subscribers cloud storage sync collaborate share work files assets."
}
{
    "_id": "ADBE20230127",
    "title": "",
    "text": "Creative Cloud plans include Firefly Adobe Express AI features Photoshop Illustrator Premiere Pro. include Generative Credits AI. apps more available Cloud Substance 3D sold. Creative Cloud Apps subscription includes Acrobat PDFs available standalone Adobe. com. apps available point product subscription."
}
{
    "_id": "ADBE20230130",
    "title": "",
    "text": "Photoshop advanced imaging design app editing effects tools photos. available desktop iPad web. Features 2023 Generative Fill Expand text prompts create add remove replace images without Photoshop. Lightroom cloud photo service edit organize store share photos desktop tablet mobile web. Lens Blur Denoise noise People Masking facial hair clothing. Photography Plan limited cloud-based photographers Photoshop Lightroom Classic."
}
{
    "_id": "ADBE20230132",
    "title": "",
    "text": "Adobe Illustrator vector graphics app desktop iPad designers graphics illustrations web video. Features 2023 Generative Recolor color palettes. Adobe Fresco illustration app free premium largest vector raster brushes Live Brushes Adobe Sensei natural painting drawing experience."
}
{
    "_id": "ADBE20230134",
    "title": "",
    "text": "Premiere Pro nonlinear filmmakers TV editors YouTubers videographers. import media 8K virtual reality edit native without transcoding. Automated tools color audio 360/VR. Text-Based Editing."
}
{
    "_id": "ADBE20230136",
    "title": "",
    "text": "After Effects motion graphics effects animators designers compositors titles effects animations. AI Roto Brush cut objects. Premiere Pro Photoshop Illustrator Audition third party."
}
{
    "_id": "ADBE20230138",
    "title": "",
    "text": "InDesign design layout print digital media. create publish content books eBooks digital magazines posters PDFs print online tablet. integration Photoshop Illustrator Acrobat Stock InCopy Experience Manager share content fonts. digital publishing apps."
}
{
    "_id": "ADBE20230140",
    "title": "",
    "text": "Adobe Express creativity app AI-first capabilities video marketing social content. design videos images resumes PDFs animation Instagram TikTok social. guided tools one-click solutions drag drop collaboration templates fonts Stock photo collection plan schedule preview publish content. Firefly images text effects 100 languages commercially safe. free premium features. Cloud subscribers access edit Photoshop Illustrator add linked files."
}
{
    "_id": "ADBE20230143",
    "title": "",
    "text": "Firefly creative AI models web app expression. images text effects design templates vector graphics text description. include Image Model Vector Design Model design templates. supports 100 languages. for Enterprise businesses intellectual property indemnification AI-generated content. features available Photoshop Illustrator Express Stock. free limited Generative Credits"
}
{
    "_id": "ADBE20230144",
    "title": "",
    "text": ". limit reached buy Credits Firefly."
}
{
    "_id": "ADBE20230145",
    "title": "",
    "text": "Adobe Firefly generates commercially safe trained on licensed public domain. asset includes Content Credentials generative AI trust transparency. Credentials verifiable digital asset’s name creation date tools edits."
}
{
    "_id": "ADBE20230147",
    "title": "",
    "text": "Adobe Stock designers access royalty-free photos vectors illustrations videos templates audio 3D assets projects. built apps Photoshop Illustrator InDesign Express search add. free paid licensed apps. multi-asset subscription."
}
{
    "_id": "ADBE20230149",
    "title": "",
    "text": ". cloud creative collaboration platform streamlines real-time upload review approval frame-accurate commenting annotations support still images design files PDFs. integrated with Premiere Pro After Effects frame comments. Camera to Cloud footage. review still image cameras."
}
{
    "_id": "ADBE20230151",
    "title": "",
    "text": "Substance 3D desktop apps Stager Painter Sampler Designer Modeler. Customers build assemble 3D scenes Stager Painter texture Sampler digitize enrich. Assets 3D materials library import 3D textures generate texture variations. Modeler available desktop VR headsets interprets input model workshop gestures switch VR desktop."
}
{
    "_id": "ADBE20230153",
    "title": "",
    "text": "Behance social community creators work live-stream Creative Cloud apps. Adobe Portfolio website Behance."
}
{
    "_id": "ADBE20230155",
    "title": "",
    "text": "Document Cloud digital document signature workflows desktop mobile third apps productivity. create review approve sign track documents store cloud access. includes Acrobat Sign Scan apps services productivity apps processes systems."
}
{
    "_id": "ADBE20230157",
    "title": "",
    "text": "apps Acrobat. Standard convert edit protect PDFs. Pro full convert edit e-signature protection PDF features. plans teams enterprises. Acrobat Sign. Document Cloud Acrobat Acrobat Sign APIs integrations. Acrobat Reader Scan free."
}
{
    "_id": "ADBE20230159",
    "title": "",
    "text": "Adobe Document Cloud Acrobat PDF solution tools convert edit share sign PDFs platforms. enables workflows commenting editing sharing tools integration Acrobat Sign. Share button sharing. Chrome Edge extensions tools without browser. standalone Creative Cloud All Apps subscription."
}
{
    "_id": "ADBE20230161",
    "title": "",
    "text": "Acrobat Reader viewing annotating printing PDF features create edit export combine share collaborate “Liquid Mode” Sensei reformats mobile. Users access edit save changes files Adobe Document Cloud-party."
}
{
    "_id": "ADBE20230163",
    "title": "",
    "text": "Adobe Scan mobile devices scanning. captures documents transforms PDFs Document Cloud sharing. Optical character recognition editable PDF files."
}
{
    "_id": "ADBE20230165",
    "title": "",
    "text": "cloud e-signature Acrobat Sign allows send document signature. mobile apps e-sign documents send track responses instant signatures. integrates enterprise systems APIs Adobe Experience Manager Forms Advanced Workflows."
}
{
    "_id": "ADBE20230167",
    "title": "",
    "text": "Adobe Experience Cloud products services solutions experience cloud platform service support open ecosystem. Adobe Sensei AI machine learning data recommendations tasks decisions. Sensei GenAI AI journeys."
}
{
    "_id": "ADBE20230168",
    "title": "",
    "text": "Experience Cloud Adobe Platform Data Insights Content Commerce Journeys Marketing Planning."
}
{
    "_id": "ADBE20230170",
    "title": "",
    "text": "Adobe Experience Platform customer collect activate data profiles. standardizes data provides cloud infrastructure real-time updates AI insights scalability. offers Query Service Data Science Workspace deeper insights. leverage best practices AI business real decisions actions processes. activate AI insights Cloud apps."
}
{
    "_id": "ADBE20230173",
    "title": "",
    "text": "Data Insights Audiences solutions data insights share data analyses teams use AI machine learning personalization. description products Insights."
}
{
    "_id": "ADBE20230175",
    "title": "",
    "text": "Adobe Analytics helps interactions into insights. Driven AI machine learning collects organizes structures data real-time insights problems opportunities drive conversion experiences. improve marketing spend. Analysis Workspace drag-and-drop interface craft analysis add visualizations curate dataset share schedule projects."
}
{
    "_id": "ADBE20230177",
    "title": "",
    "text": "Product Analytics self-serve data cross-channel data Customer Journey Analytics. marketing customer experience personalized experiences single source data metrics. Experience Platform Adobe Journey Optimizer Real-Time Customer Data Platform real-time audiences activation."
}
{
    "_id": "ADBE20230179",
    "title": "",
    "text": "Customer Journey Analytics Adobe Experience Platform analytics tools brands explore visualize customer journey channels AI insights journeys."
}
{
    "_id": "ADBE20230181",
    "title": "",
    "text": "Adobe’s Real-Time Customer Data Platform app real-time personalization enterprise customers data profiles B2C B2B marketers experiences across channels. Adobe Experience customer profiles decision making-personalized experiences. open extensible architecture integration data sources activation touchpoints continuous data refreshes."
}
{
    "_id": "ADBE20230183",
    "title": "",
    "text": "Content Commerce solutions manage optimize web mobile app shopping experiences mid-market enterprise. description products Commerce."
}
{
    "_id": "ADBE20230185",
    "title": "",
    "text": "Experience Manager asset management content document solution. Sites content scalable cloud-native personalized experiences. Assets-native asset management personalized experiences. Forms cloud-native scalable personalized customer onboarding enrollment publish forms documents."
}
{
    "_id": "ADBE20230186",
    "title": "",
    "text": "Experience Manager Screens digital signage Developer App Builder tools services extend Experience Manager infrastructure apply parameters UI."
}
{
    "_id": "ADBE20230189",
    "title": "",
    "text": "Adobe Commerce customizable end-to-end e-commerce platform experience physical digital goods"
}
{
    "_id": "ADBE20230190",
    "title": "",
    "text": "predictive shopping B2C direct-consumer. open-source ecosystem third-party extensions Adobe Commerce shoppable experiences data analysis automated workflows integrations scalable extensible."
}
{
    "_id": "ADBE20230192",
    "title": "",
    "text": "Customer Journeys solutions enable manage cross-channel campaigns experiences personalize content deliver optimized experiences measure engagement stage. description products Journeys."
}
{
    "_id": "ADBE20230194",
    "title": "",
    "text": "Adobe Marketo Engage experience B2B cross-channel planning engagement measurement platform. lead nurturing account profiling sales app integrations apps Adobe Experience Cloud. engagement marketing sales priority accounts."
}
{
    "_id": "ADBE20230196",
    "title": "",
    "text": "Adobe Campaign B2C-channel. consumer journey data personalized experiences channels determined behaviors preferences. AI email management multidimensional targeting in-app messaging reports."
}
{
    "_id": "ADBE20230198",
    "title": "",
    "text": "Adobe Target AI machine learning personalization engine test target optimize content channels. omnichannel experiences A/B multivariate tests automation touchpoints."
}
{
    "_id": "ADBE20230200",
    "title": "",
    "text": "Adobe Journey Optimizer scalable app Experience Platform brands personalized journeys app. brands manage engagement campaigns personalized content real-time profiles data-driven insights cloud-native scalability API extensibility app. customers trigger journeys insights map journeys. performance real time data Experience Platform analysis."
}
{
    "_id": "ADBE20230203",
    "title": "",
    "text": "Workfront management app plan execute workflows. Creative Cloud Adobe Experience Manager Assets scale content production."
}
{
    "_id": "ADBE20230206",
    "title": "",
    "text": "Adobe Mix Modeler self Sensei measure plan marketing investments. machine learning insights-channel impact marketing investments"
}
{
    "_id": "ADBE20230207",
    "title": "",
    "text": ". understanding impact enables marketers measure adjust campaigns."
}
{
    "_id": "ADBE20230209",
    "title": "",
    "text": "offer enterprise digital media products services solutions. corporate website adobe."
}
{
    "_id": "ADBE20230212",
    "title": "",
    "text": "market products services enterprise consumers. license users app stores website. offer products SaaS services term subscription pay-per-use. 2023 subscriptions Generative Credits Firefly. market distribute products sales channels retailers software developers stores systems integrators software vendors value resellers equipment hardware."
}
{
    "_id": "ADBE20230213",
    "title": "",
    "text": "offices Armenia Hong Kong India Japan Mexico Moldova Singapore South Africa Korea Spain Taiwan Thailand Kingdom."
}
{
    "_id": "ADBE20230214",
    "title": "",
    "text": "sell products software subscription purchase access specific period recent version. license perpetual versions maintenance support upgrades support updates enhancements."
}
{
    "_id": "ADBE20230216",
    "title": "",
    "text": "provide consulting management technical support learning segments enterprises businesses professionals consumers. success value portfolio maximize return cloud solutions licensed products."
}
{
    "_id": "ADBE20230218",
    "title": "",
    "text": "global team designing implementing solutions largest customers. customer-focused methodology refined best practices solutions industries segments. customers products solutions engage digital strategies multi-solution integrations running platforms. accelerate time to value maximize return investment."
}
{
    "_id": "ADBE20230219",
    "title": "",
    "text": "Adobe’s strategy partner ecosystem Adobe solutions global marketplace. Adobe Global Services provides deliverables Solution Partner Program. systems integrators agencies partners tools Adobe technology implementing running customer platforms. customers benefit from Adobe technology customer context."
}
{
    "_id": "ADBE20230222",
    "title": "",
    "text": "Adobe Customer Solutions provides Success Managers understand business needs adoption product objectives maximize return. engage best practices knowledge success strategies"
}
{
    "_id": "ADBE20230223",
    "title": "",
    "text": "engagements marketers brands. performance outcomes."
}
{
    "_id": "ADBE20230228",
    "title": "",
    "text": "Adobe provides maintenance support services subscription products perpetual license customers annual fee maintenance programs. support help upgrades enhancements maintenance period one to three years."
}
{
    "_id": "ADBE20230229",
    "title": "",
    "text": "product support regional global centers outsourced vendors. Customers seek channels phone chat web social media email access. technical expertise products."
}
{
    "_id": "ADBE20230230",
    "title": "",
    "text": "consumers Getting Started adoption. vary. enterprise customers personalized Premium Services global support centers managers risk mitigation on-site support business-critical deployments."
}
{
    "_id": "ADBE20230231",
    "title": "",
    "text": "offer support partners organizations. tools software kits information services."
}
{
    "_id": "ADBE20230233",
    "title": "",
    "text": "Adobe Customer Solutions offers learning enablement services teams products Digital Experience Media. portfolio includes free online-service learning. Digital Learning Services fee-based learning programs classroom virtual on training certifications professionals."
}
{
    "_id": "ADBE20230234",
    "title": "",
    "text": "offerings custom learning services enterprise customers. Solution-specific skills assessments tailor learning priorities."
}
{
    "_id": "ADBE20230236",
    "title": "",
    "text": "investments companies. financial returns strategic purposes increase knowledge technological developments expand opportunities Adobe products services."
}
{
    "_id": "ADBE20230238",
    "title": "",
    "text": "speed innovation software industry investment research development cutting-edge technologies new products services. Adobe Research team ideas technologies future. investing in research development strengthen products services expand offerings Creative Cloud Document Cloud Experience Cloud AI machine learning deep learning tools features content understanding recommendations personalization."
}
{
    "_id": "ADBE20230240",
    "title": "",
    "text": "research acquire products technology purchasing stock assets. licensed purchased intellectual property ownership rights programs license transfer agreements"
}
{
    "_id": "ADBE20230241",
    "title": "",
    "text": "pay license fee royalties dollar amount percentage revenue."
}
{
    "_id": "ADBE20230243",
    "title": "",
    "text": "protect intellectual property patents copyrights trademarks secrets laws confidentiality contractual provisions. international patents applications products. essential businesses. registered. trademarks service marks domain names copyrights."
}
{
    "_id": "ADBE20230244",
    "title": "",
    "text": "license desktop software mobile apps duplication disclosure transfer. cloud products services access use. customers license SaaS Managed Services enterprise licensing terms."
}
{
    "_id": "ADBE20230245",
    "title": "",
    "text": "efforts proprietary technology intellectual property rights unauthorized parties copy. Policing unauthorized use difficult. subscription-based business model focus cloud-based computing improve pirating."
}
{
    "_id": "ADBE20230247",
    "title": "",
    "text": "culture creativity innovation performance success. investing global workforce diversity inclusion fair-competitive pay benefits wellbeing growth development. December 1 2023 employed 29,945 50% United States 50% international locations. attrition rate 7. 4%. work stoppages employee relations good. listening program decisions risks. 2023 80% participated engagement survey."
}
{
    "_id": "ADBE20230248",
    "title": "",
    "text": "Digital transformation COVID-19 changed leaning digital-first workflows tools resources. believe value trust relationships collaboration innovation. evolved hybrid model divide work office home. pilot test iterate new employee experience."
}
{
    "_id": "ADBE20230249",
    "title": "",
    "text": "visit website Human Capital programs."
}
{
    "_id": "ADBE20230252",
    "title": "",
    "text": "fair competitive compensation benefits wellbeing. compensation programs base pay short long. equity awards stock connections long-term success. wellbeing benefit programs physical emotional financial community. health welfare insurance time-off leave global wellbeing days retirement financial support. emotional mental wellbeing Employee Assistance Program interactive apps. wellness reimbursement $600 lifestyle coaching global wellbeing speaker series ergonomic programs support wellbeing. financial education wellness coaches goals. community"
}
{
    "_id": "ADBE20230253",
    "title": "",
    "text": "onsite events Employee Networks share."
}
{
    "_id": "ADBE20230255",
    "title": "",
    "text": "employees career development. Global Talent Development team leaders career growth development. on-demand content platforms. Adobe’s Learning Fund $11,000 university short-term learning."
}
{
    "_id": "ADBE20230256",
    "title": "",
    "text": "committed talent sharing career development agility Adobe. post roles provide resources job search. forums managers employees career contributions."
}
{
    "_id": "ADBE20230258",
    "title": "",
    "text": "Adobe for All diversity equity inclusion. creative innovative successful. December 1, 2023 women 35. 3% employees underrepresented minorities 11. 6%. S. employees."
}
{
    "_id": "ADBE20230262",
    "title": "",
    "text": "three-pillar strategy grow diversity workforce fiscal 2023 hiring retention promotion diverse workforce. invested partnerships events underrepresented communities. partnerships Historically Black Colleges Universities Hispanic-Serving Institutions. nontraditional backgrounds opportunities technology design careers Adobe Digital Academy Assembly. inclusive environment. annual Adobe for All event change. expanded family-friendly benefits employee resource groups learning environment Action Circles program. align diversity equity inclusion commitments products partnerships suppliers. diversity CEO Action for Diversity Inclusion Valuable 500 Ascend 5-Point Action Agenda ParityPledge. expanded Equity Advancement Initiative non-profit organizations Supplier Diversity Program majority-owned underrepresented groups."
}
{
    "_id": "ADBE20230263",
    "title": "",
    "text": "diversity inclusion strategy metrics programs./diversity."
}
{
    "_id": "ADBE20230265",
    "title": "",
    "text": "website. com. Annual Report 10-K Quarterly Reports 10-Q Current Reports 8-K amendments Sections 13 15 Securities Exchange Act 1934 available Investor Relations website. adobe. com SEC. contents not Annual Report 10-K."
}
{
    "_id": "ADBE20230267",
    "title": "",
    "text": "announce financial website. adobe. SEC filings press releases calls webcasts."
}
{
    "_id": "ADBE20230268",
    "title": "",
    "text": "website social media communicate investors public products services solutions comply disclosure obligations Regulation FD. website material information. encourage investors review information website social media channels."
}
{
    "_id": "ADBE20230283",
    "title": "",
    "text": "executive officers January 16 2024 Shantanu Narayen. joined Adobe 1998 Vice President General Manager. 1999 Senior Vice President 2001, Executive Vice President Marketing. 2005,. President Chief Operating Officer December 2007, Chief Executive Officer. 2017 Chair Board. B. S. Electronics Engineering Osmania University M. S. Computer Science Bowling Green State University. Haas School Business University California Berkeley. Daniel Durn Financial. Adobe October 2021. Senior Vice President Chief Financial Officer Applied Materials. semiconductor August 2017 October 2021. Vice President Chief NXP Semiconductors. Chief Financial Officer Vice President GlobalFoundries Managing Director Head Mergers Acquisitions Mubadala Technology Fund. Vice President Mergers Goldman Sachs Company.Durn MBA Finance Columbia Business School U. S. Naval Academy B. S. Control Systems Engineering. Navy six years lieutenant. Anil Chakravarthy Digital Experience. President Digital Experience. joined 2020 Executive Vice President General Manager Worldwide Field Operations 2020. Chief Executive Officer Informatica August 2015 Executive Vice President Chief Product Officer September 2013 2015. Symantec cybersecurity Executive Vice President Information Security 2013. Director Product Management VeriSign. manager McKinsey Company. board Ansys. Silicon Valley Leadership Group 2021. Bachelor Technology Computer Science Engineering Institute Varanasi M. S. Ph. D. Massachusetts Institute Technology. David Wadhwani Digital Media. President Digital. June 2021. Venture Partner Greylock Partners October 2019.2015 2019 President CEO AppDynamics. Adobe Senior Vice President General Manager Digital Media 2005 Macromedia. Vice President Developer Products. bachelor’s computer science Brown University advisory board. advises early stage growth companies Gem Software. StoryCorps Fine Arts Museums San Francisco. December 2017 March 2023 Chief Product Officer Executive Vice President Creative Cloud. venture investor Benchmark 2016 2017. mobile strategy Creative Cloud 2012 2016, Behance. co-founded 2006 Chief Executive Officer 6 years. advisor investor Pinterest. Uber Technologies. Warby Parker. board Globality. board Cornell University Entrepreneurship Program board Smithsonian CooperHewitt National Design Museum. bachelor’s Cornell MBA Harvard Business School. People Officer Executive Vice President Employee Experience.Chen joined Adobe 1997 Chief People Officer Executive Vice President. 20 years sales customer service strategic planning. 2009,. appointed Vice President Chief Staff. 2018 promoted Senior Vice President November 2019 Executive Vice President January 2020 promoted Chief Officer. engagement manager McKinsey Company. BS electrical engineering Washington M. S. electrical engineering Carnegie Mellon MBA Harvard Business School. Dana Rao Vice President. joined Adobe April 2012 Vice President Intellectual Property Litigation patent trademark copyright 2018. Microsoft Corporation 11 years Associate General Counsel Intellectual. patent attorney Fenwick West. B. S. Electrical Engineering Villanova University George Washington University. Garfield Vice President. Vice President Finance Cloudflare. November 2017.Senior Vice President Chief Accounting Symantec March 2014 October 2017. Brightstar Senior Vice President January 2013 February 2014. Director Finance Advanced Micro Devices August 2010 December 2012. LoudCloud Ernst and Young. board member Adobe Foundation. Business Economics University California Santa Barbara."
}
{
    "_id": "ADBE20230285",
    "title": "",
    "text": "results could differ from statements. discuss factors differences. occurrence could affect operations performance financial condition. factors affect more than one category not in order significance grouped by categories."
}
{
    "_id": "ADBE20230287",
    "title": "",
    "text": "unsuccessful innovating rapid changes operating results."
}
{
    "_id": "ADBE20230288",
    "title": "",
    "text": "operate in evolving markets expect innovation. introduce enhance products services solutions retain attract. Developing new products complex profitable investments technologies speculative not yield benefits. success products depends on factors timely development distribution marketing market acceptance compatibility with standards platforms technologies customer needs technological change technologies differentiation. fail anticipate trends resources business. generative artificial intelligence technologies marketing content disrupt industries business fail invest adapt. released new products Adobe Firefly enhancing incorporating AI products no assurance evolution AI Creative Cloud Document Experience Cloud. adapt meet needs business financial results harmed."
}
{
    "_id": "ADBE20230289",
    "title": "",
    "text": "AI generative harm liability adverse financial results."
}
{
    "_id": "ADBE20230290",
    "title": "",
    "text": "Social ethical issues AI generative AI reputational harm liability costs. incorporating AI technologies. AI development deployment content labeling governance ineffective acceptance harm unexpected outcomes."
}
{
    "_id": "ADBE20230292",
    "title": "",
    "text": "AI regulation nascent stages development. evolving regulatory environment increase research costs liability inconsistencies legal frameworks. responsible approach AI no guarantee future AI regulations impact development practices monetization strategies indemnity protections compliance requirements regulatory action competitive harm legal"
}
{
    "_id": "ADBE20230293",
    "title": "",
    "text": ". new competition regulation AI requirements business financial results."
}
{
    "_id": "ADBE20230294",
    "title": "",
    "text": "Uncertainty AI use generative AI investment frameworks proprietary datasets machine learning models approaches content creators costly. Developing testing deploying AI systems increase cost computing costs. costs impact margins AI without customers adopt. consumer reception monetization pathways uncertain strategies business financial results. New AI disrupt workforce needs negative publicity affect demand products business."
}
{
    "_id": "ADBE20230295",
    "title": "",
    "text": "realize benefits disrupt business divert attention."
}
{
    "_id": "ADBE20230311",
    "title": "",
    "text": "Investments acquisitions risks uncertainties business.risks uncertainties include •inability achieve financial strategic goals •difficulty integrating operations technologies products services solutions culture personnel acquired business •disruption distraction management personnel •challenges investment regulatory approval conditions limit benefits •entry markets minimal experience competitors stronger •inability retain personnel customers distributors vendors business partners •delay in purchasing decisions uncertainty higher costs to integrate business laws regulations additional compensation divest products services solutions amortize costs inability tax benefits •increased collection times elevated delinquency bad debt write-offs •difficulty maintaining controls procedures policies transition integration inability financial reporting security vulnerabilities in products •exposure to litigation claims risk additional debt interest expense leverage issuance equity securitiesownership earnings identify problems liabilities challenges diligence."
}
{
    "_id": "ADBE20230312",
    "title": "",
    "text": "ability acquire businesses investments integrate impaired by adverse economic events trade tensions increased global scrutiny. countries United Europe Asia-Pacific considering stringent restrictions for transactions. Governments restrictions impact business financial results. if complete acquisition achieve financial goals realize benefits incur additional costs impact business results."
}
{
    "_id": "ADBE20230313",
    "title": "",
    "text": "participate evolving competitive markets results suffer."
}
{
    "_id": "ADBE20230314",
    "title": "",
    "text": "markets for products services solutions evolving competitive. expect competition. competitors range from to small specialized companies. competitors may develop products similar acceptance product development marketing adopt aggressive pricing policies. potential customers select products competitors. future success depends on consumers. New industry standards evolving distribution models limited barriers short product life cycles price global market conditions new products competitors pressure on pricing gross margins affect renewal upsell cross-sell rates customers. expect more competition AI. competitors may incorporate AI adoption affect business financial results. markets for standalone AI offerings competitive evolving. increasing competition from text-to-image generative AI technology. If reduced sales business. additional information risks see “Competition” Part I, Item 1 report."
}
{
    "_id": "ADBE20230315",
    "title": "",
    "text": "reputation brands damaged business results."
}
{
    "_id": "ADBE20230317",
    "title": "",
    "text": "reputation brands important business financial results. Maintaining enhancing brands substantial investments. reputation brands new products expectations new technologies backlash customers regulatory actions business practices failure commitments environmental social governance ethical political issues public scrutiny user privacy data data security breaches compliance failures approach AI. brands affected by products services solutions AI content misleading deceptive opinion illicit ends failure respond. result controversy claims defamation rights publicity illegal content property infringement harmful content misinformation bias misappropriation data privacy third-party AI personal injury torts. fail respond objectionable content users lose confidence brands. Entry markets weaker protection changes legal systems impact brands. fail maintain enhance brands incur excessive expenses business financial results."
}
{
    "_id": "ADBE20230319",
    "title": "",
    "text": "interruptions failures products expose liability damage reputation harm financial results."
}
{
    "_id": "ADBE20230320",
    "title": "",
    "text": "business online store. com Creative Cloud Document Cloud Experience Cloud solutions relies on hardware services hosted managed by us third-party providers disruption. redundancy for systems critical applications in disaster recovery planning not account all eventualities. If third-party service provider affected unavailable deliver products services solutions. Failure systems could disrupt business reputational harm notifications customers users future business. migrate data third-party environments. If transition interruptions impair delivery costs liabilities results reputation business."
}
{
    "_id": "ADBE20230321",
    "title": "",
    "text": "possible hardware software failures could data loss information inaccuracies meet service levels comply notification requirements contractual obligations. ability collect report data delayed by factors access internet failure network software security breaches variability visitor traffic. deliver data reports real-time due to spikes activity failures network software. If fail plan infrastructure capacity needs rapid demand capacity service outages performance issues impact customers. strain on infrastructure capacity to regulatory notification requirements violations service financial liabilities customer dissatisfaction business. supply inaccurate information interruptions reputation lose customers liable for damages losses."
}
{
    "_id": "ADBE20230322",
    "title": "",
    "text": "Security access data cyber harm reputation affect business."
}
{
    "_id": "ADBE20230323",
    "title": "",
    "text": "products services solutions collect third-party. technologies networks cyberattacks viruses ransomware fraud worms social engineering denial-of-service malicious software insider threats cybersecurity incidents unauthorized access disclosure use loss destruction sensitive data."
}
{
    "_id": "ADBE20230325",
    "title": "",
    "text": "Cybersecurity incidents caused human error malicious third parties sophisticated organizations nation-states state-sponsored organizations. risks elevated geopolitical tensions Russia-Ukraine war. unauthorized parties overcome security measures systems software defects design manufacture bugs vulnerabilities. malicious third parties induce employees disclose sensitive information via spamming phishing risk heightened hybrid model environment. Malicious actors engage fraudulent activities credentials stolen credit cards failure pay services terms service. combat fraudulent activities impacts revenue. unauthorized parties gain physical access infiltrate information systems"
}
{
    "_id": "ADBE20230326",
    "title": "",
    "text": "access products services content data. loss unauthorized access viruses worms ransomware malware harm litigation notification requirements."
}
{
    "_id": "ADBE20230327",
    "title": "",
    "text": "devote resources security vulnerabilities engineering products enhancing security reliability code hardening penetration tests deploying updates reviewing security controls auditing products security training workforce improving incident response process. no security measures protection. costs prevent eliminate cybersecurity reduce operating margins. efforts third parties unsuccessful business interruptions cessation service loss customers."
}
{
    "_id": "ADBE20230328",
    "title": "",
    "text": "security products services solutions critical. impossible to predict impact cybersecurity. Breaches security measures accidental loss disclosure unauthorized dissemination of proprietary sensitive data potential expose risk loss misuse. security vulnerabilities incidents result in claims liability fines costly notice requirements governmental inquiry oversight loss customer confidence harm business damage brand reputation. customers adopt security measures software suffer cybersecurity attack unrelated. breach reputational harm economic operational consequences implement safeguards future breaches."
}
{
    "_id": "ADBE20230329",
    "title": "",
    "text": "maintain insurance technology liability. risks increase expand integrate products store data. delayed sales lower margins lost customers cyberattacks burdensome security measures failure affect financial results stock price reputation."
}
{
    "_id": "ADBE20230330",
    "title": "",
    "text": "unable develop manage third-party relationships sales suppliers revenue business affected."
}
{
    "_id": "ADBE20230331",
    "title": "",
    "text": "contract software distributors third parties products services solutions none responsible for net revenue. managing distribution channels sales partners complex global process. agreement terminated delay replacement results. face legal risk reputational harm export control violations workplace conditions anti-competitive behavior."
}
{
    "_id": "ADBE20230332",
    "title": "",
    "text": "partner distribution channels effective lose sales customers revenue. rely on third-party distribution platforms subject to changes pricing terms privacy practices policies discretion platform provider. adverse changes affect financial results. channels not market favor other companies."
}
{
    "_id": "ADBE20230334",
    "title": "",
    "text": "sell products services solutions direct sales force. Risks include hiring retaining motivating training. business if sales expansion generate efficiencies revenue. loss of sales employees relationships future accounts."
}
{
    "_id": "ADBE20230335",
    "title": "",
    "text": "rely on third-party providers products services business operations operate systems cloud infrastructure data center facilities encryption authentication company email. third parties negatively affected relationships renew agreements expenses increase experience service interruptions. disruption damage failure systems interruptions harm business. interruptions cause issue credits penalties claims terminate subscriptions contracts affect attrition rates new customers financial results. business reputation harmed if believe services unreliable."
}
{
    "_id": "ADBE20230336",
    "title": "",
    "text": "face risks multinational economic conditions harm financial."
}
{
    "_id": "ADBE20230347",
    "title": "",
    "text": "revenue operations outside United States. multinational corporation subject risks economic conditions control forecasting results investments difficult interest economic labor conditions instability security concerns economic sanctions trade disputes armed conflicts wars laws. foreign financial accounting reporting burdens legislative regulatory requirements antitrust competition regulations free flow data local infrastructure difficulties managing staffing international operations liability delays loss sales trade restrictions sanctions export controls developing products multiple languages fraudulent business practices."
}
{
    "_id": "ADBE20230348",
    "title": "",
    "text": "third parties international operations subject to risks. global economic conditions in insolvency inability credit delay obligations. third parties service providers suppliers distributors critical services products technologies business reputation harmed. customers’ spending rate demand affected by risks. If global sales reduced delayed canceled revenue may decline."
}
{
    "_id": "ADBE20230349",
    "title": "",
    "text": "disruption financial markets banking partners cash management capital market transactions derivative programs. impact pay cash."
}
{
    "_id": "ADBE20230351",
    "title": "",
    "text": "December 1, 2023 investment portfolio corporate debt money funds deposits. Treasury. credit liquidity market interest rate risks economic downturns impairment charges financial condition."
}
{
    "_id": "ADBE20230352",
    "title": "",
    "text": "unable recruit retain personnel business harmed hybrid work model."
}
{
    "_id": "ADBE20230353",
    "title": "",
    "text": "future success depends on service senior management skilled personnel. senior management acquired specialized knowledge skills loss harm succession plans. efforts attract retain skilled employees restrictions travel work visas. technology industry competition cybersecurity AI backgrounds demand-edge skill sets competitive hybrid remote arrangements. challenge attract retain security personnel. higher compensation costs management skilled personnel improved productivity sales. hybrid work environment operational workplace culture challenges objectives."
}
{
    "_id": "ADBE20230354",
    "title": "",
    "text": "hire exceptional knowledge lower costs increases efficiency reduces expenditures. globalization competition talent increased impact increase compensation expenses."
}
{
    "_id": "ADBE20230355",
    "title": "",
    "text": "enterprise offerings cycles increase costs unpredictable."
}
{
    "_id": "ADBE20230356",
    "title": "",
    "text": "target large enterprise customers Adobe Experience Cloud Enterprise Term License Agreements face increased costs longer sales cycles greater competition less predictability. evaluation process longer involved educating. robust proposals extended-of-concept evaluation cycles extensive contract negotiations. customers demand complex configurations additional integration services features. Adverse macroeconomic conditions delays purchasing decisions. devote greater sales support increases costs time without assurance. devote more services resources costs assurance. sales cycles multi-phased complex unpredictable. revenue affected longer sales cycles extended collection cycles deferral revenue alternative licensing arrangements. enterprise sales pattern uneven higher sales final weeks."
}
{
    "_id": "ADBE20230358",
    "title": "",
    "text": "subject risks laws harm business."
}
{
    "_id": "ADBE20230360",
    "title": "",
    "text": "global company laws regulations customs internationally. trade compliance import export anti-boycott economic sanctions embargoes data consumer protection records management user-generated content privacy data residency corporate governance antitrust competition complaints anti-corruption gift policies conflicts of interest securities trade. application unclear. subject U. Foreign Corrupt Practices Act anti-corruption-bribery laws practices. employees contractors agents partners vendors policies. laws. Compliance costs changes reduced revenue profitability. Non-compliance fines damages criminal sanctions prohibitions damage reputation."
}
{
    "_id": "ADBE20230361",
    "title": "",
    "text": "50% employees outside. exposed changes. jurisdictions wage hour labor standards data privacy unemployment tax compensation citizenship payroll taxes operating costs."
}
{
    "_id": "ADBE20230362",
    "title": "",
    "text": "focus privacy expanding laws impact business liability."
}
{
    "_id": "ADBE20230363",
    "title": "",
    "text": "subject to global data protection privacy security laws regulations codes business units data processing activities sensitive confidential personal information. laws inconsistent across jurisdictions interpretations. Government officials regulators privacy advocates class action attorneys personal data. interpretations business. General Data Protection Regulation shifting requirements differences uncertain enforcement priorities. Personal Information Protection Law China laws California Consumer Privacy Act Colorado Privacy Act Virginia Consumer Data Protection Act industry codes create privacy security compliance obligations expand potential liability. U. S. Securities and Exchange Commission’s Rules Cybersecurity Risk required disclosures cybersecurity incidents Form 8-K Form 10-K. incident disclosures costly negative publicity loss customer confidence diversion governmental investigations."
}
{
    "_id": "ADBE20230364",
    "title": "",
    "text": "invested in readiness comply with requirements laws regulations codes interpretation affect reach prospective customers respond to requests access correction deletion implement business models address disclosure requirements. laws impact innovation business technologies AI machine learning demand onerous obligations in contracts. practices privacy data protection cybersecurity criticism lawsuits investigations claims proceedings regulators industry disrupt business reputation liability fines punitive measures prohibition sales restrictive judicial orders disgorgement data. collect store information customers comply obligations laws reputational harm."
}
{
    "_id": "ADBE20230366",
    "title": "",
    "text": "Transferring personal information across borders complex legal requirements enforcement jurisdictions. European data transfers outside Area regulated litigated. mechanisms Standard Contractual Clauses EU - US Data Privacy Framework legal challenge decisions Court Justice European. suitability Standard Contractual Clauses data transfer challenge United States European Union - US Data Privacy Framework legal challenges. monitor transfer mechanisms outside European Economic Area adjust practices. judicial questions regulatory interpretations validity transfers Standard Contractual Clauses obligations potential sanctions fines non-compliance. countries China Australia New Zealand Brazil Hong Kong Japan requirements for cross-border transfers"
}
{
    "_id": "ADBE20230367",
    "title": "",
    "text": "localization personal data country. countries restrictive regulations data transfers permit data origin impact business financial condition results operations."
}
{
    "_id": "ADBE20230368",
    "title": "",
    "text": "intellectual property portfolio rights source infringement unauthorized copying disclosure."
}
{
    "_id": "ADBE20230369",
    "title": "",
    "text": "patents trademarks trade secrets copyrights intellectual property valuable. Infringement lost revenues reduce value. protect federal state common law rights administrative procedures contractual restrictions. protecting preventing unauthorized use difficult. combat software piracy lose revenue illegal use. parties may copy sell counterfeit. operating results. apply for patents United States foreign countries not always protection. patents may invalidated circumvented. challenges detecting patent infringement generative AI difficult to protect. generative AI source code rely on copyright. laws foreign countries protection. could fail. unauthorized disclosure source code lose trade secret protection. loss third parties customers affect revenue margins. If against unauthorized copying misappropriation business could."
}
{
    "_id": "ADBE20230370",
    "title": "",
    "text": "subject litigation regulatory inquiries intellectual property infringement adverse business financial cash flows."
}
{
    "_id": "ADBE20230371",
    "title": "",
    "text": "subject to legal proceedings claims regulatory inquiries additional arise. proceedings time consuming litigation damage consent decrees injunctive relief costs practices negative publicity management time diversion resources harm business results."
}
{
    "_id": "ADBE20230372",
    "title": "",
    "text": "we subject to claims negotiations litigation third-party intellectual property rights including patent rights. disputes costly disruptive attention management personnel. Third-party disputes patent entities could liabilities royalty licensing arrangements unfavorable prevent products services injunctions sales disruptions operations satisfy indemnification commitments license. incurred may costs acquiring third-party intellectual property rights products contractual obligations. could harm business."
}
{
    "_id": "ADBE20230373",
    "title": "",
    "text": "not prevailed every lawsuit. see “Legal Part II Item 8 Note 16 Consolidated Financial Statements."
}
{
    "_id": "ADBE20230374",
    "title": "",
    "text": "tax rules regulations affect rates."
}
{
    "_id": "ADBE20230376",
    "title": "",
    "text": "U. S. -based multinational company tax jurisdictions. judgment provision income taxes deferred tax assets. Tax laws States other countries jurisdictions change new interpretations business. countries European Commission"
}
{
    "_id": "ADBE20230377",
    "title": "",
    "text": "organizations Organization for Economic Cooperation Development made unprecedented assertions taxation proposed new laws contrary rules."
}
{
    "_id": "ADBE20230378",
    "title": "",
    "text": "Changes in operating landscape laws tax rules affect tax rates business structure operations financial results. future tax rates affected by changes tax income profits valuation deferred tax assets liabilities tax rules unexpected negative changes business market conditions reduce tax benefits. increase tax rate profitability."
}
{
    "_id": "ADBE20230379",
    "title": "",
    "text": "subject to examination income tax returns by domestic foreign tax authorities. assess outcomes provision reserved for adjustments. tax estimates reasonable assurance final determination financial position results."
}
{
    "_id": "ADBE20230380",
    "title": "",
    "text": "government entities risks process."
}
{
    "_id": "ADBE20230381",
    "title": "",
    "text": "provide products services solutions domestic foreign government entities risks challenges budgeting fluctuations spending cuts shutdowns competitive lengthy bidding process political influence complex procurement regulations requirements. incur-front time costs without assurance contract. regulated subject audits investigations violations termination penalties administrative sanctions fines suspension business harm reputation financial results. investments future sales government sectors security authorizations certifications. processes complex lengthy delayed. requirements change authorizations affect revised requirements."
}
{
    "_id": "ADBE20230383",
    "title": "",
    "text": "change subscriptions renewals reporting period financial results suffer reflected revenue subscription term."
}
{
    "_id": "ADBE20230384",
    "title": "",
    "text": "offerings subscription-based agreements. recognize revenue over terms 1 to 36 months. subscription revenue agreements previous quarters. Lower sales subscriptions reduced demand attrition rate not reflected in results future. subscription model difficult to increase revenue through additional sales revenue new customers recognized over subscription term. renewal rates may decline factors satisfaction features reliability prices security size customer base regulatory legal requirements composition base reductions spending levels activity. If or terms less favorable revenue may decline. impact revenue not reflected in financial results may affect future. If assumptions about revenue incorrect results may vary."
}
{
    "_id": "ADBE20230385",
    "title": "",
    "text": "subject currency exchange rates hedge exposure."
}
{
    "_id": "ADBE20230387",
    "title": "",
    "text": "operating results global. Geopolitical economic events war trade disputes sanctions"
}
{
    "_id": "ADBE20230388",
    "title": "",
    "text": "market volatility uncertainty caused currencies fluctuate. annualized recurring revenue currency rates may vary from actual revenue accounting principles United."
}
{
    "_id": "ADBE20230389",
    "title": "",
    "text": "mitigate foreign currency exchange risks hedging trade-offs risk opportunity expense. review hedging program make adjustments. hedging offset adverse financial impact unfavorable foreign currency exchange rates financial condition business performance."
}
{
    "_id": "ADBE20230390",
    "title": "",
    "text": "goodwill assets impaired record charge earnings."
}
{
    "_id": "ADBE20230391",
    "title": "",
    "text": "test goodwill impairment annually. review intangible assets when carrying value declines stock price market capitalization reduced cash flow slower growth rates. record charge earnings statements impairment impacting results."
}
{
    "_id": "ADBE20230392",
    "title": "",
    "text": "debt affect financial results."
}
{
    "_id": "ADBE20230396",
    "title": "",
    "text": "December 1, 2023 $3. 65 billion senior unsecured notes $3 billion commercial paper program no. $1. 5 billion senior unsecured revolving credit agreement $3. 5 billion delayed draw term loan undrawn. December 1 2023 delayed loan agreement terminated. financial results cash vulnerability conditions future financing capital expenditures acquisitions service repay indebtedness."
}
{
    "_id": "ADBE20230397",
    "title": "",
    "text": "senior unsecured notes commercial paper program revolving credit agreement compliance covenants. beyond control. breach waiver noteholders lenders outstanding debt due payable."
}
{
    "_id": "ADBE20230398",
    "title": "",
    "text": "changes impact value liquidity debt equity securities costs refinancing. if credit ratings downgraded negative action interest rate revolving credit agreement could increase. Downgrades restrict financing affect terms."
}
{
    "_id": "ADBE20230400",
    "title": "",
    "text": "Catastrophic events climate change business financial."
}
{
    "_id": "ADBE20230402",
    "title": "",
    "text": "business on network apps websites. disruption data centers operations earthquake disasters power shutoff telecommunications failure epidemic pandemic attack interruptions damage loss intellectual property data security breaches loss. headquarters research development data centers operations San Francisco Bay Salt Lake Valley near earthquake faults. catastrophic event"
}
{
    "_id": "ADBE20230403",
    "title": "",
    "text": "data centers critical activities prevent operations products services solutions affect. catastrophic event region decrease demand. Climate catastrophic events increasing. regulations reporting requirements market dynamics stakeholder expectations environmental impacts impact business financial condition results."
}
{
    "_id": "ADBE20230404",
    "title": "",
    "text": "epidemic COVID-19 effect operating results. financial condition factors outside control material impact businesses productivity customers employees suppliers partners. global pandemic risks Part I, Item 1A report."
}
{
    "_id": "ADBE20230405",
    "title": "",
    "text": "price investment lose."
}
{
    "_id": "ADBE20230416",
    "title": "",
    "text": "stock price volatile. factors Part I Item 1A beyond control affect changes estimates expectations revenue margins earnings revenue performance metrics investor analyst valuation models unearned revenue performance obligations revenue impact growth rates products technological advancements strategic alliances transactions stock repurchases loss large customers inability retain sales management team recruitment departure personnel results competitive landscape developments industry economic political market conditions events litigation regulatory actions."
}
{
    "_id": "ADBE20230418",
    "title": "",
    "text": "market technology stocks experienced extreme fluctuations stock price unrelated financial performance. Volatility increased susceptibility to securities class action litigation costs attention resources affect business."
}
{
    "_id": "ADBE20230420",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20230422",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20230424",
    "title": "",
    "text": "headquarters San Jose California. 7 million square feet office space. own San Jose properties research development sales marketing. lease properties States data centers."
}
{
    "_id": "ADBE20230425",
    "title": "",
    "text": "lease Europe Middle East Africa Asia-Pacific research development sales marketing administrative. largest Bangalore Noida offices. 7 million. 5 million square feet."
}
{
    "_id": "ADBE20230426",
    "title": "",
    "text": "fiscal 2023 hybrid model. facilities owned leased good suitable business."
}
{
    "_id": "ADBE20230427",
    "title": "",
    "text": "Note 18 Statements lease obligations."
}
{
    "_id": "ADBE20230429",
    "title": "",
    "text": "material Note 16 Consolidated Financial Statements incorporated."
}
{
    "_id": "ADBE20230432",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20230433",
    "title": "",
    "text": "EQUITY STOCKHOLDER EQUITY SECURITIES"
}
{
    "_id": "ADBE20230435",
    "title": "",
    "text": "common stock traded Nasdaq."
}
{
    "_id": "ADBE20230437",
    "title": "",
    "text": "records transfer agent 905 holders common stock January 5, 2024. shares held brokers institutions estimate total."
}
{
    "_id": "ADBE20230439",
    "title": "",
    "text": "anticipate cash dividends."
}
{
    "_id": "ADBE20230451",
    "title": "",
    "text": "summary stock repurchases three months December 1 2023. Note 14 Consolidated Financial Statements stock repurchase programs. Shares Repurchased Price Paid Per Share Announced Plans Dollar Value Plans millions average price share repurchase 2 29, 2023 repurchased. 30 27, 2023. 28 — December 1, 2023."
}
{
    "_id": "ADBE20230453",
    "title": "",
    "text": "December 2020 repurchase $15 billion stock 2024."
}
{
    "_id": "ADBE20230454",
    "title": "",
    "text": "September 2023 stock repurchase prepayment $1 billion. December $354 million prepayment remained."
}
{
    "_id": "ADBE20230457",
    "title": "",
    "text": "DISCUSSION FINANCIAL RESULTS"
}
{
    "_id": "ADBE20230458",
    "title": "",
    "text": "Consolidated Financial Statements Notes. financial condition 2022 Item 7 Annual Report 10-K 2 2022 filed SEC January 2023."
}
{
    "_id": "ADBE20230460",
    "title": "",
    "text": "preparing Consolidated Financial Statements GAAP rules SEC assumptions judgments estimates assets liabilities revenue expenses disclosures. base historical experience factors. results differ. evaluate assumptions. discuss accounting policies estimates Audit Committee Board Directors."
}
{
    "_id": "ADBE20230461",
    "title": "",
    "text": "believe assumptions judgments estimates revenue income taxes Consolidated Financial Statements. key based complex rules critical accounting policies. Historically assumptions judgments estimates differed results."
}
{
    "_id": "ADBE20230463",
    "title": "",
    "text": "contracts include multiple goods services. offerings include on-premise software licenses cloud services. Determining services distinct judgment. concluded licenses cloud services in Creative Cloud Document Cloud not distinct revenue each recognized over subscription period. promise to Creative Cloud Document Cloud customers complete end-to-end creative design workflow solution across devices teams. promise solution integrates cloud-based on-premise-device features functionalities utility workflow efficiencies software cloud services."
}
{
    "_id": "ADBE20230464",
    "title": "",
    "text": "Cloud features integral Creative Document Cloud include Creative Cloud Libraries access work settings preferences assets mobile shared reviews editing automatic rendering design multiple mediums Sensei artificial machine learning photo-editing content-awareness natural language processing optical character recognition document tagging."
}
{
    "_id": "ADBE20230466",
    "title": "",
    "text": "asset liability method. expense recognized payable current. deferred tax assets liabilities recognized future tax consequences financial reporting tax operating loss tax credit carryforwards. judgment provision. valuation allowance reduce deferred tax assets realization."
}
{
    "_id": "ADBE20230468",
    "title": "",
    "text": "assumptions judgments estimates current provision income taxes interpretation laws outcomes future examinations. established reserves potential exposures tax challenged. assess outcomes examinations adequacy provision reserves."
}
{
    "_id": "ADBE20230469",
    "title": "",
    "text": "examinations different recorded affect provision taxes effective tax rate period."
}
{
    "_id": "ADBE20230471",
    "title": "",
    "text": "Note 1 Consolidated Financial Statements accounting pronouncements."
}
{
    "_id": "ADBE20230474",
    "title": "",
    "text": "fiscal 2023 demand Digital Media Experience innovative product roadmap. growth initiatives software subscription revenue."
}
{
    "_id": "ADBE20230476",
    "title": "",
    "text": "Digital Media leader Creative Cloud desktop tools mobile apps services designing publishing content 3D experiences. Adobe Express web mobile app edit customize content. 2023 Adobe Firefly images text effects. Cloud Photoshop Express. cross-product integration updates enhancements cloud services storage syncing machine learning artificial marketplace social community features Stock Behance app creation enterprise deployments team collaboration affordable pricing."
}
{
    "_id": "ADBE20230477",
    "title": "",
    "text": "offer Creative Cloud students teams enterprises. expect revenue growth attracting users features products Adobe Express Firefly delivering features technologies share review generative AI. built marketplace subscribers delivery purchase stock content. strategy Creative Cloud increase revenue attract new customers grow recurring revenue."
}
{
    "_id": "ADBE20230478",
    "title": "",
    "text": "strategies awareness purchase subscriptions Creative Cloud. strategies include increasing value desktop mobile apps targeted promotions offers. shift Cloud subscriptions Enterprise Term License Agreements revenue perpetual licensing immaterial business."
}
{
    "_id": "ADBE20230479",
    "title": "",
    "text": "market leader Document Cloud Adobe Acrobat mobile apps cloud document services create collaborate review approve sign track documents platform. includes Acrobat Sign Scan. subscription perpetual licenses Creative Cloud All Apps subscription."
}
{
    "_id": "ADBE20230480",
    "title": "",
    "text": "Creative Document Cloud data-driven Adobe Experience Cloud awareness acquisition engagement retention optimize journeys product-led growth."
}
{
    "_id": "ADBE20230482",
    "title": "",
    "text": "Annualized Recurring Revenue key performance metric Digital Media segment. independently revenue deferred revenue performance obligations. adjust ARR exchange rate changes. ARR results"
}
{
    "_id": "ADBE20230483",
    "title": "",
    "text": "fiscal year currency rates beginning held constant. calculate ARR"
}
{
    "_id": "ADBE20230484",
    "title": "",
    "text": "Cloud Subscriptions ETLA Contract"
}
{
    "_id": "ADBE20230485",
    "title": "",
    "text": "Cloud Annual Subscriptions ETLA Contract"
}
{
    "_id": "ADBE20230487",
    "title": "",
    "text": "ARR 2023 $12. 37 billion $10. 98 billion. Cloud $2. 81 billion $2. 28 billion. Digital Media ARR $15. 17 billion $13. 26 billion. ARR $15. 33 billion $160 million higher."
}
{
    "_id": "ADBE20230488",
    "title": "",
    "text": ". Creative revenue $11. 52 billion. 46 billion 10% growth. Document Cloud $2. 70 billion. 38 billion 13%. Digital Media $14. 22 billion $12. 84 billion 11% user."
}
{
    "_id": "ADBE20230490",
    "title": "",
    "text": "market leader Digital Experience segment. Adobe Experience Cloud apps services manage journeys personalized experiences deliver intelligence. Adobe Experience Platform solutions."
}
{
    "_id": "ADBE20230495",
    "title": "",
    "text": "Adobe Experience Cloud solutions pillars insights audiences. products Analytics Customer Journey Analytics Product Analytics Real-time Customer Data Platform deliver data tailored experiences. commerce. content multi commerce experiences. journeys. manage personalize journeys Marketo Engage Campaign Target Journey Optimizer. planning workflow. products measure optimize marketing investments Mix Modeler plan manage collaborate execute workflows Workfront."
}
{
    "_id": "ADBE20230497",
    "title": "",
    "text": "marketing revenue marketers users Digital Experience include advertisers campaign managers publishers data analysts content managers social marketers marketing executives information management technology executives. Adobe products. combining creativity science manage measure monetize content."
}
{
    "_id": "ADBE20230498",
    "title": "",
    "text": "direct sales force Digital Experience solutions ecosystem partners marketing agencies systems integrators software vendors. investments scale financial results reflect experience-led growth strategy."
}
{
    "_id": "ADBE20230499",
    "title": "",
    "text": "Digital Experience $4. 89 billion. 42 billion 11%. subscription revenue $4. 33 billion. 88 billion."
}
{
    "_id": "ADBE20230501",
    "title": "",
    "text": "corporation global risks macroeconomic inflationary interest rates foreign currency economic slowdowns recessions geopolitical pressures trade regulations. monitor impacts business results. foreign currency exchange rate fluctuations revenue earnings 2023 2024."
}
{
    "_id": "ADBE20230502",
    "title": "",
    "text": "revenue earnings predictable subscription-based business model implications macroeconomic events business financial position uncertain. “Risk Part I Item 1A impact macroeconomic."
}
{
    "_id": "ADBE20230512",
    "title": "",
    "text": "Digital Media $15. 17 billion. billion. 26 billion. revenue $11. 52 billion. billion billion. Document Cloud revenue $2. 70 billion $316 million. Experience revenue $4. 89 billion million. obligations $17. 22 billion $2. billion. 19 billion. revenue $2. 35 billion $189 million. 17 expenses $10. 41 billion. billion. 34 billion. income $5. 43 billion million. 76 billion. flows $7. 30 billion decreased $536 million 7%. billion."
}
{
    "_id": "ADBE20230522",
    "title": "",
    "text": "Revenue fiscal 2021 extra week first quarter due 52/53 week calendar 53-week 2023 2022 52-week. millions 2023-2022 Subscription#18,284,388,573 Percentage revenue Product Percentage revenue Services Percentage revenue#19,409#17,606#15,785"
}
{
    "_id": "ADBE20230524",
    "title": "",
    "text": "subscription revenue fees subscription service support Creative Cloud Adobe Experience Cloud Document Cloud services. recognize revenue agreements commencement service. revenue offerings performance benefit consumption recognized usage basis."
}
{
    "_id": "ADBE20230530",
    "title": "",
    "text": "segments Digital Media Experience Publishing Advertising. Subscription revenue 2023 2022 2021 millions Digital Media,838,385 Digital Experience Publishing Advertising Total subscription revenue,284,388,573"
}
{
    "_id": "ADBE20230532",
    "title": "",
    "text": "product revenue fees on-premise software fixed usage original equipment manufacturer royalty agreements. recognize product revenue software available criteria met."
}
{
    "_id": "ADBE20230534",
    "title": "",
    "text": "services revenue fees consulting training maintenance support on-premise licenses advertising. sell consulting contracts time-materials fixed-fee. revenues recognized performed performance. Training revenues services performed. maintenance support desktop upgrades technical support recognized term. Transaction advertising revenue recognized performance obligations."
}
{
    "_id": "ADBE20230538",
    "title": "",
    "text": "fiscal 2023 categorized products segments teams businesses enterprises create publish promote content productivity documents content. customers professionals photographers video editors designers"
}
{
    "_id": "ADBE20230541",
    "title": "",
    "text": "developers communicators students marketers workers consumers. platform products services experiences analytics commerce. customers marketers advertisers agencies publishers merchandisers web analysts data scientists developers executives. eLearning publishing web conferencing web app high printing Adobe Advertising."
}
{
    "_id": "ADBE20230550",
    "title": "",
    "text": "millions 2023-2022 Digital Media#14,216,842,520 Percentage revenue Digital Experience,867 Percentage revenue Publishing Advertising Percentage revenue revenue#19,409#17,606,785"
}
{
    "_id": "ADBE20230556",
    "title": "",
    "text": "Revenue Digital Media 2023 2022 2021 millions 2023-2022 Creative Cloud,459 Document Cloud Total Digital Media revenue,216,842,520"
}
{
    "_id": "ADBE20230557",
    "title": "",
    "text": "Digital Media increased $1. 37 billion 2023 2022 Creative Document Cloud subscription demand digital engagement migrating higher offset foreign currency fluctuations."
}
{
    "_id": "ADBE20230559",
    "title": "",
    "text": "Digital Experience increased $471 million 2023 2022 additions offset fluctuations."
}
{
    "_id": "ADBE20230569",
    "title": "",
    "text": "millions 2023-2022 Americas#11,654,251#8,996 Percentage total revenue EMEA,252 revenue APAC Percentage revenue revenue#19,409#17,606#15,785"
}
{
    "_id": "ADBE20230570",
    "title": "",
    "text": "revenue 2023 increased regions compared 2022. fluctuations revenue attributable factors."
}
{
    "_id": "ADBE20230571",
    "title": "",
    "text": "revenue 2023 impacts foreign currency mitigated hedging program. Dollar strengthened against EMEA APAC currencies decreased revenue. $371 million. impacts offset gains cash flow program $41 million."
}
{
    "_id": "ADBE20230572",
    "title": "",
    "text": "Note 2 Financial Statements revenue."
}
{
    "_id": "ADBE20230581",
    "title": "",
    "text": "millions 2023-2022 Subscription$#1,822#1,646,374 Percentage revenue Product Percentage revenue Services% Percentage revenue cost revenue$#2,354,165#1,865"
}
{
    "_id": "ADBE20230583",
    "title": "",
    "text": "1%."
}
{
    "_id": "ADBE20230585",
    "title": "",
    "text": "subscription revenue hosting data center network infrastructure. compensation royalty fees software amortization intangible assets."
}
{
    "_id": "ADBE20230592",
    "title": "",
    "text": "subscription revenue 2023 Hosting data center costs Loss Royalty Amortization intangibles"
}
{
    "_id": "ADBE20230593",
    "title": "",
    "text": "subscription revenue 2023 loss litigation."
}
{
    "_id": "ADBE20230595",
    "title": "",
    "text": "product revenue third-party royalties localization manufacturing."
}
{
    "_id": "ADBE20230597",
    "title": "",
    "text": "compensation contracted costs consulting training hosting data center."
}
{
    "_id": "ADBE20230599",
    "title": "",
    "text": "services revenue increased 2023 2022 compensation costs offset fees."
}
{
    "_id": "ADBE20230610",
    "title": "",
    "text": "millions 2023-2022 Research development#3,473#2,987#2,540% Percentage total revenue Sales marketing,321 revenue General administrative revenue Amortization intangibles revenue operating expenses#10,405#9,343#8,118"
}
{
    "_id": "ADBE20230612",
    "title": "",
    "text": "Research development expenses compensation software hosting data center facilities computer equipment software."
}
{
    "_id": "ADBE20230619",
    "title": "",
    "text": "expenses 2023-2022 Incentive compensation cash stock benefits Hosting data center costs insignificant"
}
{
    "_id": "ADBE20230620",
    "title": "",
    "text": "research development recruiting hiring software developers critical related offerings. focus long-term opportunities end markets subscription service offerings apps tools."
}
{
    "_id": "ADBE20230622",
    "title": "",
    "text": "Sales marketing expenses compensation contract acquisition commissions travel facilities supply personnel. revenue advertising trade shows public relations market development programs."
}
{
    "_id": "ADBE20230628",
    "title": "",
    "text": "Sales marketing expenses 2023 compensation benefits Incentive cash stock insignificant items"
}
{
    "_id": "ADBE20230631",
    "title": "",
    "text": "expenses compensation travel facilities finance resources legal executive personnel. legal accounting fees bad debts computer equipment software charitable contributions insurance."
}
{
    "_id": "ADBE20230638",
    "title": "",
    "text": "expenses 2023-2022 Professional fees compensation benefits Incentive compensation cash stock insignificant items"
}
{
    "_id": "ADBE20230639",
    "title": "",
    "text": "consulting fees 2023 2022 costs acquisition Figma."
}
{
    "_id": "ADBE20230648",
    "title": "",
    "text": "millions Change 2023-2022 Interest expense Percentage total revenue Investment gains net Percentage revenue Other income net Percentage revenue non income#149(90)(97)"
}
{
    "_id": "ADBE20230650",
    "title": "",
    "text": "1%."
}
{
    "_id": "ADBE20230651",
    "title": "",
    "text": "Percentage."
}
{
    "_id": "ADBE20230653",
    "title": "",
    "text": "debt instruments. senior payable February August 1."
}
{
    "_id": "ADBE20230655",
    "title": "",
    "text": "Investment unrealized deferred compensation plan."
}
{
    "_id": "ADBE20230657",
    "title": "",
    "text": "interest cash equivalents income investments. gains losses foreign exchange gains losses."
}
{
    "_id": "ADBE20230658",
    "title": "",
    "text": "income increased 2023 2022 interest income rates cash balances."
}
{
    "_id": "ADBE20230663",
    "title": "",
    "text": "millions 2023-2022 income taxes,371 Percentage total revenue Effective tax rate"
}
{
    "_id": "ADBE20230664",
    "title": "",
    "text": "tax rate decreased 2023 due net tax benefit non-U. S. operations."
}
{
    "_id": "ADBE20230666",
    "title": "",
    "text": "tax rate 2023 lower. 21% benefits. research tax credit non-U. operations offset state."
}
{
    "_id": "ADBE20230667",
    "title": "",
    "text": "recognize deferred tax assets likely evidence. maintain valuation allowance reduce realizable. total valuation allowance $405 million December 1, 2023 state credits."
}
{
    "_id": "ADBE20230668",
    "title": "",
    "text": "U. multinational company jurisdictions. tax law subjects earnings foreign subsidiaries. allows exemption distributions."
}
{
    "_id": "ADBE20230669",
    "title": "",
    "text": "global tax policy domestic bodies consider introduce changes multinationals Adobe. account finalized enactment."
}
{
    "_id": "ADBE20230670",
    "title": "",
    "text": "2023 U. S. Tax Act required capitalize amortize research development costs. adverse impact offset benefit foreign-derived intangible income deduction."
}
{
    "_id": "ADBE20230671",
    "title": "",
    "text": "Note 10 Financial Statements taxes."
}
{
    "_id": "ADBE20230673",
    "title": "",
    "text": "liabilities unrecognized tax benefits $501 $321 million $289 million 2023 2022 2021. $356 $203 million $199 million tax rates."
}
{
    "_id": "ADBE20230674",
    "title": "",
    "text": "December 1 2023 2 2022 accrued interest penalties-term income taxes."
}
{
    "_id": "ADBE20230675",
    "title": "",
    "text": "timing resolution income tax examinations uncertain tax payments audit settlement process. cause fluctuations tax assets liabilities. next 12 months audits conclude statutes limitations expire. resolution unrecognized tax benefits decrease $60 million next 12 months."
}
{
    "_id": "ADBE20230676",
    "title": "",
    "text": "future tax rates affected by changes tax income earned profits valuation deferred tax assets liabilities tax rules unexpected changes business market conditions reduce tax benefits."
}
{
    "_id": "ADBE20230677",
    "title": "",
    "text": "tax laws United States other countries jurisdictions change new laws interpretations. countries bodies European Commission economic organizations Organization for Economic Cooperation and Development unprecedented assertions about taxation proposed new laws contrary to rules. Changes landscape tax could affect tax rates business structure operations financial results."
}
{
    "_id": "ADBE20230679",
    "title": "",
    "text": "subject to examination income tax returns by domestic foreign authorities. assess outcomes provision adjustments. record interest penalties unrecognized tax benefits income tax expense. tax estimates reasonable assurance final determination financial position."
}
{
    "_id": "ADBE20230682",
    "title": "",
    "text": "source cash revenue. uses business expenses payroll taxes marketing hosting stock repurchase program. sources maturities sales short investments. acquisitions notes purchases property taxes equity."
}
{
    "_id": "ADBE20230689",
    "title": "",
    "text": "Statements Cash Flows. 1 2 2022 Cash equivalents,141,236 Short investments Working capital Stockholders’ equity,051"
}
{
    "_id": "ADBE20230696",
    "title": "",
    "text": "cash flows 2023 2022 2021 millions cash operating,302,230 investing activities(3,537) financing,182)(6,825),301 Effect foreign currency rates cash equivalents change cash#2,905"
}
{
    "_id": "ADBE20230698",
    "title": "",
    "text": "2023 net cash $7. 30 billion income adjusted non-cash items. 2023 U. S. Tax Act capitalize amortize research development costs. income taxes cash flows. prepaid expenses timing billings. offset deferred revenue Digital Media Experience."
}
{
    "_id": "ADBE20230700",
    "title": "",
    "text": "2023 cash $776 million maturities sales capital expenditures."
}
{
    "_id": "ADBE20230702",
    "title": "",
    "text": "2023 cash $5. 18 billion due common stock repurchases taxes repayment 2023 Notes. offset treasury stock employee stock purchase plan. Repurchase."
}
{
    "_id": "ADBE20230704",
    "title": "",
    "text": "cash equivalents balances fluctuate 2024."
}
{
    "_id": "ADBE20230706",
    "title": "",
    "text": "Cash operations risks Part I Item 1A. business plan revenue existing cash equivalents investment balances anticipated cash flows credit facility working capital requirements next twelve months foreseeable future."
}
{
    "_id": "ADBE20230707",
    "title": "",
    "text": "cash portfolio December 1, 2023 corporate debt money funds time deposits. Treasury. firms cash."
}
{
    "_id": "ADBE20230708",
    "title": "",
    "text": "continue investing activities investments purchases hardware sales marketing support facilities expansion. cash reserves repurchase stock acquire companies complementary business."
}
{
    "_id": "ADBE20230709",
    "title": "",
    "text": "September 15, 2022 merger Figma. $20 billion half cash half stock. December 17, 2023 termination agreement. December paid termination fee $1 billion cash."
}
{
    "_id": "ADBE20230711",
    "title": "",
    "text": "January 2023 delayed credit agreement senior unsecured term loan $3. 5 billion funding purchase fees acquisition Figma. December 1 2023 no outstanding borrowings. terminated."
}
{
    "_id": "ADBE20230713",
    "title": "",
    "text": "$1. 5 billion unsecured revolving credit agreement lenders loans through June 30, 2027. additional $500 million maximum $2 billion. December 1, 2023 no outstanding borrowings $1. 5 billion credit line available borrowing. cash dividends default. cash dividends."
}
{
    "_id": "ADBE20230715",
    "title": "",
    "text": "September 2023 established commercial paper program unsecured $3 billion maturities 397 days. proceeds purposes working capital expenditures acquisitions stock repurchases refinancing. December 1, 2023 no borrowings."
}
{
    "_id": "ADBE20230717",
    "title": "",
    "text": "$3. 65 billion senior notes. December 1 2023 value $3. 63 billion maximum interest $321 million. Interest payable semi-annually February 1 August 1. financial covenants. Note 17."
}
{
    "_id": "ADBE20230719",
    "title": "",
    "text": "purchase obligations goods services. December 1, 2023 non-cancellable $4. 93 billion contracts third-party hosting data center services. increased obligations $2. 3 billion December 2028. Note 16 Financial Statements."
}
{
    "_id": "ADBE20230721",
    "title": "",
    "text": "lease facilities data centers 2032. December 1, 2023 obligations $484 million. Note 18 lease obligations."
}
{
    "_id": "ADBE20230723",
    "title": "",
    "text": "2023 U. S. Tax Act capitalize amortize research development costs. adverse impact rates taxes offset foreign-derived income deduction."
}
{
    "_id": "ADBE20230725",
    "title": "",
    "text": "stock repurchase program minimize dilution repurchase market agreements parties. December 2020 Board repurchase $15 billion common stock 2024."
}
{
    "_id": "ADBE20230726",
    "title": "",
    "text": "2023 repurchased 11. 5 million shares 7. $429. 65 4. million $348. 46 accelerated."
}
{
    "_id": "ADBE20230727",
    "title": "",
    "text": "fourth quarter 2023 prepayment $1 billion. December 1, 2023 $354 million prepayment remained."
}
{
    "_id": "ADBE20230728",
    "title": "",
    "text": "1, 2023 accelerated share repurchase institution prepayment $2 billion 2. 5 million shares 75% prepayment. $2 billion $150 million 2020 authority."
}
{
    "_id": "ADBE20230729",
    "title": "",
    "text": "Equity Matters Purchases Equity Part II Item 5 stock repurchases quarter December 2023 Note 14 repurchase."
}
{
    "_id": "ADBE20230731",
    "title": "",
    "text": "provide indemnifications varying scope to customers channel partners against intellectual property infringement products subject to claims. costs not significant unable estimate maximum impact future results."
}
{
    "_id": "ADBE20230733",
    "title": "",
    "text": "permitted Delaware law agreements indemnify officers directors for events serving. indemnification covers events lifetime. maximum future payments unlimited director insurance coverage reduces exposure recover future amounts paid."
}
{
    "_id": "ADBE20230735",
    "title": "",
    "text": "market instruments non-trading."
}
{
    "_id": "ADBE20230738",
    "title": "",
    "text": "outside transact business. Dollars currencies exchange rates. exchange option forward contracts hedge currency revenue expenses. hedge foreign currency assets liabilities forward contracts risk earnings exchange rates."
}
{
    "_id": "ADBE20230744",
    "title": "",
    "text": "foreign currency 2023 2022 2021 millions Euro,487,209 Japanese Yen,127,456 British Pounds Australian Dollars"
}
{
    "_id": "ADBE20230745",
    "title": "",
    "text": "December 1, 2023 foreign exchange contracts $3. 83 billion $1. 52 billion Euros $773 million Indian Rupees $634 million Pounds $409 million Japanese Yen $350 million Australian Dollars $135 million currencies. contracts expire November 2024. credit losses settlement. collateral security agreements."
}
{
    "_id": "ADBE20230746",
    "title": "",
    "text": "sensitivity analysis performed foreign exchange derivatives December 1, 2023. measures market value 10% shift exchange rates U. Dollar. Black-Scholes option pricing model. 10% increase. Dollar hedged asset instruments $142 million. 10% decrease. $1 million."
}
{
    "_id": "ADBE20230747",
    "title": "",
    "text": "use foreign exchange contracts hedge local currency expenses hedge. revenue offsets expenses. long-term exposures earnings non. Dollar subsidiaries. December 1, 2023 December 2 2022 $1. 03 billion $770 million. hedge."
}
{
    "_id": "ADBE20230748",
    "title": "",
    "text": "use exchange contracts speculative trading hedge currency rates. review hedging program assess need financial instruments hedge."
}
{
    "_id": "ADBE20230750",
    "title": "",
    "text": "use foreign exchange options contracts hedge revenue Euros British Pounds Japanese Yen Australian Dollars expenses Indian Rupees. risk earnings exchange rates. contracts maturities twelve months. revenue expenses not speculative."
}
{
    "_id": "ADBE20230752",
    "title": "",
    "text": "record changes cash flow hedges revenue expenses income Balance Sheets forecasted transaction. earnings reclassify gain loss revenue"
}
{
    "_id": "ADBE20230753",
    "title": "",
    "text": "expenses. transaction reclassify gain loss cash flow hedge income revenue expenses. fiscal year December 1, 2023 no net gains losses revenue expenses hedges transactions."
}
{
    "_id": "ADBE20230755",
    "title": "",
    "text": "derivatives foreign currency contracts assets liabilities non-functional risk earnings exchange rates. contracts fair value recorded Consolidated Statements Income. reduce impact exchange rate assets liabilities. December 1, 2023 derivatives maturities 180 days or less."
}
{
    "_id": "ADBE20230756",
    "title": "",
    "text": "Note 6 Statements instruments."
}
{
    "_id": "ADBE20230759",
    "title": "",
    "text": "December 1, 2023 debt securities short-term investments $701 million. interest rates affect market value. sensitivity analysis-term portfolio hypothetical changes yield curve. 150 point increase interest $6 million decrease value. 150 decrease $6 million increase."
}
{
    "_id": "ADBE20230761",
    "title": "",
    "text": "December 1, 2023 $3. 65 billion senior notes fixed rates financial risk. $3. 63 billion fair value $3. 39 billion."
}
{
    "_id": "ADBE20230763",
    "title": "",
    "text": "Note 17 Financial Statements senior."
}
{
    "_id": "ADBE20230771",
    "title": "",
    "text": ". Balance Sheets Income Comprehensive Income Stockholders Equity Cash Flows"
}
{
    "_id": "ADBE20230773",
    "title": "",
    "text": "Santa Clara California PCAOB 185"
}
{
    "_id": "ADBE20230775",
    "title": "",
    "text": "financial statement schedules omitted required information not applicable Consolidated Financial Statements Notes."
}
{
    "_id": "ADBE20230776",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20230819",
    "title": "",
    "text": "1 2023 2 2022 Cash,141,236 investments Trade receivables $16 $23,224 Prepaid expenses assets,084 Property equipment lease Goodwill,805 intangibles Deferred income taxes assets,779,165 LIABILITIES EQUITY Trade payables Accrued expenses Deferred revenue Income taxes lease,251 Long liabilities Deferred revenue taxes lease,261 Commitments contingencies Stockholders’ equity Preferred stock. 2 shares Common stock.900 authorized 601 issued 455 outstanding-capital,586 earnings,346,319 income Treasury stock 139 shares,843) equity,051 liabilities equity,779,165"
}
{
    "_id": "ADBE20230821",
    "title": "",
    "text": "Notes Statements."
}
{
    "_id": "ADBE20230822",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20230856",
    "title": "",
    "text": "Ended 1 2023 2 2022 3 2021 Revenue Subscription,284,388,573 Product Services Total revenue,409,606,785 Cost Subscription,374 Product Services,165 Gross profit,055,441 Operating expenses Research development,987 Sales marketing,351,321 General administrative Amortization intangibles operating expenses,405,343 income Non income Interest expense Investment gains income non income Income before taxes Provision taxes,371 Net income,428 income share.. Shares compute diluted income"
}
{
    "_id": "ADBE20230858",
    "title": "",
    "text": "Notes Statements."
}
{
    "_id": "ADBE20230859",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20230877",
    "title": "",
    "text": "Ended 1 2023 2 2022 3 2021 Net income,428 income net taxes-sale securities Unrealized gains losses(39) Reclassification Net increase Derivatives hedging instruments Unrealized gains losses Reclassification Net increase Foreign currency translation adjustments income net taxes income net taxes#5,436,600#4,843"
}
{
    "_id": "ADBE20230879",
    "title": "",
    "text": "Notes Statements."
}
{
    "_id": "ADBE20230880",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20230907",
    "title": "",
    "text": "Stock Paid Capital Earnings Income Stock Balances November 27, 2020,357,264 Net income comprehensive income net taxes Re-issuance treasury stock compensation plans Repurchases common stock,950 Equity awards Stock-based compensation Value shares deferred compensation plan Balances December 3, 2021,428#23,905,399) Net income comprehensive income net taxes Re-issuance treasury stock compensation plans(342) Repurchases common stock,550) Stock-based compensation shares compensation plan Balances December 2 2022#9,868#28,319(23,843),051 Net income,428 income taxes Re-issuance treasury stock compensation plans Repurchases common stock(4,414) Stock-based compensation shares deferred compensation plan Balances December 1, 2023#11,586#33,346#16,518"
}
{
    "_id": "ADBE20230909",
    "title": "",
    "text": "Notes Statements."
}
{
    "_id": "ADBE20230910",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20230954",
    "title": "",
    "text": "Ended 1 2023 2022 3 2021 Cash flows Net income,428 Adjustments Depreciation amortization accretion Stock compensation Reduction operating lease assets Deferred income taxes Unrealized losses investments non-cash items Changes operating assets liabilities Trade receivables Prepaid expenses Trade payables Accrued expenses liabilities Income taxes Deferred revenue Net cash,230 Cash flows activities Purchases short-term Proceeds Acquisitions Purchases property equipment long-term investments Proceeds salesNet cash investing(3,537) financing Repurchases common stock,400,550,950 re treasury stock Taxes equity awards Repayment debt financing activities cash,182)(6,825),301 foreign currency exchange equivalents(51) Net change cash equivalents,905,236,844 end year,141,236,844 Supplemental disclosures Cash income taxes refunds interest"
}
{
    "_id": "ADBE20230956",
    "title": "",
    "text": "Notes Statements."
}
{
    "_id": "ADBE20230957",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20230961",
    "title": "",
    "text": "Adobe personalized digital experiences. four decades innovations transformed institutions governments media. products services solutions manage deliver. diverse user base consumers communicators professionals developers students businesses enterprises. creators artificial. products services unleash creativity accelerate productivity power businesses. operations Americas Europe Middle East Africa Asia-Pacific."
}
{
    "_id": "ADBE20230963",
    "title": "",
    "text": "Consolidated Financial Statements include Adobe subsidiaries intercompany accounts transactions. prepared accounting principles rules Securities Exchange Commission."
}
{
    "_id": "ADBE20230965",
    "title": "",
    "text": "preparing Consolidated Financial Statements GAAP rules SEC estimates judgments amounts. Estimates sales allowances debts stock compensation value assets liabilities income taxes. results differ estimates."
}
{
    "_id": "ADBE20230967",
    "title": "",
    "text": "fiscal year 52 53-week ends Friday November 30. results 2021 extra week 52/53 week calendar 2023 2022 52-week."
}
{
    "_id": "ADBE20230970",
    "title": "",
    "text": "revenue cloud subscriptions offerings licenses maintenance plans consulting services training support. arrangements promises."
}
{
    "_id": "ADBE20230971",
    "title": "",
    "text": "Revenue recognized contract between us customer transfer control promised products services consideration. enter contracts combinations products services separate obligations Document single performance obligation. Revenue recognized net allowances returns taxes remitted to governmental authorities."
}
{
    "_id": "ADBE20230974",
    "title": "",
    "text": "enter revenue arrangements products services solutions. arrangements cancellation rights options renew licenses funds Adobe products."
}
{
    "_id": "ADBE20230975",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20230977",
    "title": "",
    "text": "hosted services allow access software without. Cloud-hosted sold fee-per-subscription consumption usage."
}
{
    "_id": "ADBE20230978",
    "title": "",
    "text": "recognize revenue over contractual service term 1 to 36 months hosted services priced transactions delivery consumption over continuing end. Over-usage fees transactions billed contract terms included transaction price. Fees based transactions invoicing aligned performance benefit consumption accounted “as-invoiced” expedient. Revenue subscriptions fee per period recognized term customer receives consumes."
}
{
    "_id": "ADBE20230979",
    "title": "",
    "text": "cloud-enabled services integrated with on-premise software Document components distinct revenue recognized over subscription period."
}
{
    "_id": "ADBE20230980",
    "title": "",
    "text": "subscription support plans performance obligations. Revenue recognized contractual terms classified subscription revenue."
}
{
    "_id": "ADBE20230981",
    "title": "",
    "text": "Licenses on-premise software purchased fixed original equipment manufacturer royalty agreements. Revenue non-cloud licenses without cancellation renewal options recognized classified product revenue Consolidated Statements Income. on-premise term cancellation renewal maintenance support subscription revenue."
}
{
    "_id": "ADBE20230982",
    "title": "",
    "text": "services revenue fees consulting training maintenance support on-premise licenses advertising. sell consulting contracts time-materials fixed-fee. revenues recognized performed performance. Training services performed. maintenance support desktop upgrades enhancements technical support recognized over term. transaction-based advertising fees impressions invoicing performance benefit consumption accounted “as-invoiced”."
}
{
    "_id": "ADBE20230985",
    "title": "",
    "text": "contracts include multiple goods services. offerings include on-premise software licenses cloud services. Determining services distinct judgment. concluded licenses cloud services in Creative Cloud Document Cloud not distinct revenue each recognized over subscription period. promise to Creative Cloud Document Cloud customers complete end-to-end creative design workflow solution across devices teams. promise solution integrates cloud-based on-premise-device features functionalities utility workflow efficiencies software cloud services."
}
{
    "_id": "ADBE20230986",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20230988",
    "title": "",
    "text": "Cloud features integral Creative Document Cloud include Creative Cloud Libraries access work settings preferences assets mobile shared reviews editing automatic rendering design multiple mediums Sensei artificial machine learning photo-editing content-awareness natural language processing optical character recognition document tagging."
}
{
    "_id": "ADBE20230989",
    "title": "",
    "text": "Standalone selling price established maximizing observable inputs historical prices obligations go-to-market model geography. products multiple values depending channel. not observable. maximize use observable inputs pricing practices performance obligations selling models."
}
{
    "_id": "ADBE20230990",
    "title": "",
    "text": "Capitalized costs contract amortized expected benefit 5 years. evaluated factors contract length renewals customer life useful lives. benefit less than one year expense incurred expedient. evaluate changes assumptions data."
}
{
    "_id": "ADBE20230991",
    "title": "",
    "text": "revenue arrangements include third-party goods services resale fulfillment advertising evaluate principal report revenues gross or agent net. consider control specified goods services before transferred customer evaluating party responsible promise discretion establishing price terms conditions."
}
{
    "_id": "ADBE20230992",
    "title": "",
    "text": "offer rights return rebates price protection policies resellers customers. estimate record reserves transaction price. Returns rebates offsets estimated contract assessed information."
}
{
    "_id": "ADBE20230994",
    "title": "",
    "text": "maintain revenue reserves for rebates rights return price adjustments. Distributors return previous quarter. end lives new. offer rebates distributors resellers end-user customers. Transaction price reduced performance objectives volume."
}
{
    "_id": "ADBE20230995",
    "title": "",
    "text": "quarterly revenue reserved calculated historical trends data. reserves historical data historical reserve rate. apply rate current revenue future returns. provide specific reserve portfolio-level requirements. estimate affected product sell-through product plans factors."
}
{
    "_id": "ADBE20230997",
    "title": "",
    "text": "subscription contracts non-cancellable limited customers cancel prior notice term terminate agreements without penalty. customer cancels not entitled to refund for prior services. Contracts termination rights without penalty accounted committed period."
}
{
    "_id": "ADBE20230998",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231000",
    "title": "",
    "text": "optional purchases material rights. usage-based license agreements reporting after fiscal period. estimate accrue license revenue. base estimates factors sales seasonality business information. estimate variable consideration sales-based royalty agreements exception revenue."
}
{
    "_id": "ADBE20231002",
    "title": "",
    "text": "record property equipment cost depreciation amortization. lives 3 20 years computers 5 furniture 15 improvements 35 years buildings. Leasehold improvements amortized lease term life."
}
{
    "_id": "ADBE20231004",
    "title": "",
    "text": "determine arrangement lease at contract inception. lease arrangements data center arrangements judgment required lease. judgment involves identified asset distinct or right to capacity asset not distinct. asset judgment right direct use."
}
{
    "_id": "ADBE20231005",
    "title": "",
    "text": "finance leases. Operating leases recorded Consolidated Balance Sheets. Right-of-use assets lease liabilities measured lease commencement date value remaining lease payments discount rate. incremental borrowing rate discount interest. December 1, 2023 leases 8 years options extend 14 years terminate 1 year. Optional periods extend included. one land lease expires 2091. Operating lease expense recognized straight-line lease term. lease non-lease components common area maintenance single lease data center leases."
}
{
    "_id": "ADBE20231006",
    "title": "",
    "text": "accounting leases term 12 months recorded balance sheet expense recognized term."
}
{
    "_id": "ADBE20231008",
    "title": "",
    "text": "Goodwill assigned to reporting units acquisition. review goodwill impairment annually second quarter fiscal year fair value below carrying amount. impairment test qualitative assessment macroeconomic conditions industry market cost factors financial performance management strategy customers net assets stock price. If fair values greater than carrying amounts quantitative goodwill impairment test not performed."
}
{
    "_id": "ADBE20231010",
    "title": "",
    "text": "qualitative assessment quantitative analysis evaluate goodwill impairment fair value reporting units carrying value. equal weighting market approach"
}
{
    "_id": "ADBE20231011",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231013",
    "title": "",
    "text": "future cash flows. cash flow assumptions revenue costs factors."
}
{
    "_id": "ADBE20231014",
    "title": "",
    "text": "completed annual goodwill impairment test second quarter fiscal 2023. determined fair value exceeds carrying amounts. no indication impairment quantitative goodwill impairment test not performed. events changes another year."
}
{
    "_id": "ADBE20231015",
    "title": "",
    "text": "amortize intangible assets finite lives review impairment. monitor events long-lived recoverable. assess recoverability carrying value future cash flows. cash flows less than carrying amount recognize impairment loss excess carrying amount over fair value. intangible impairment charges periods."
}
{
    "_id": "ADBE20231021",
    "title": "",
    "text": "intangible assets amortized estimated lives 3 to 14 years. Amortization economic benefits straight-line. weighted lives Customer contracts relationships Purchased technology Trademarks Other"
}
{
    "_id": "ADBE20231023",
    "title": "",
    "text": "asset liability method. expense recognized payable current. deferred tax assets liabilities recognized future tax consequences financial reporting tax operating loss tax credit carryforwards. judgment provision. valuation allowance reduce deferred tax assets realization."
}
{
    "_id": "ADBE20231024",
    "title": "",
    "text": "assumptions judgments estimates current provision income taxes laws outcomes examinations. established reserves exposures challenged. assess outcomes examinations adequacy provision. policy record interest penalties unrecognized tax benefits expense."
}
{
    "_id": "ADBE20231027",
    "title": "",
    "text": "net taxes against financial statements. taxes not revenue."
}
{
    "_id": "ADBE20231028",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231031",
    "title": "",
    "text": "Prepayments repurchases stock treasury stock shares delivered excluded net income share."
}
{
    "_id": "ADBE20231032",
    "title": "",
    "text": "account treasury stock cost method. re-issued higher difference recorded additional paid-in-capital Balance Sheets. lower difference recorded additional paid-in-capital gains offset losses. no stock gains losses recorded reduction retained earnings."
}
{
    "_id": "ADBE20231034",
    "title": "",
    "text": ". 2022 2021 $970 million. billion $865 million."
}
{
    "_id": "ADBE20231036",
    "title": "",
    "text": "translate assets liabilities foreign subsidiaries rates. revenue expenses monthly rates. include translation adjustments stockholders’ equity."
}
{
    "_id": "ADBE20231038",
    "title": "",
    "text": "transact. Dollars currencies. foreign exchange hedge currency revenue expenses Euros British Pounds Japanese Australian Dollars Indian Rupees. hedge foreign currency assets liabilities contracts risk exchange rates."
}
{
    "_id": "ADBE20231039",
    "title": "",
    "text": "recognize derivative instruments assets liabilities Balance Sheets measure fair value. Gains losses value accounted use. Contracts adjusted value earnings."
}
{
    "_id": "ADBE20231040",
    "title": "",
    "text": "Gains losses foreign exchange contracts recorded income Consolidated Statements Income. Foreign exchange contracts Treasury lock agreements cash flow hedges recorded net tax income until forecasted transaction. affects earnings reclassify gain loss revenue expense Treasury hedge revenue interest expense."
}
{
    "_id": "ADBE20231042",
    "title": "",
    "text": "credit risk investments repurchase foreign currency contracts trade receivables."
}
{
    "_id": "ADBE20231043",
    "title": "",
    "text": "investment portfolio securities diversified types industries issuers. cash investments managed by financial institutions. limits credit exposure credit risk."
}
{
    "_id": "ADBE20231045",
    "title": "",
    "text": "netting credit risk net settlement counterparty. collateral security agreements counterparties"
}
{
    "_id": "ADBE20231046",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231048",
    "title": "",
    "text": "exchange cash collateral value thresholds."
}
{
    "_id": "ADBE20231049",
    "title": "",
    "text": "Credit risk receivables limited to OEMs dealers distributors hardware SaaS offerings. credit review for new distributors dealers OEMs. perform credit evaluations require letters credit guarantees. credit limit based on risk country risk not contingent on resale collection payments. contracts with agencies sequential liability until payment received. evaluate credit-worthiness. license software SaaS services pay not revenue contract. revenue until termination completion services."
}
{
    "_id": "ADBE20231051",
    "title": "",
    "text": "November 2023 Financial Accounting Standards Board issued Update. 2023-07 Segment Reporting expands enhanced expenses. 2025 2026. Early adoption. evaluating impact financial statement disclosures."
}
{
    "_id": "ADBE20231052",
    "title": "",
    "text": "no recent pronouncements adopted guidance fiscal 2023 us."
}
{
    "_id": "ADBE20231055",
    "title": "",
    "text": "report segment information approach. internal reporting performance source reportable segments."
}
{
    "_id": "ADBE20231056",
    "title": "",
    "text": "Chief Executive Officer reviews revenue gross margin segments review operating expenses. identify allocate assets by segments."
}
{
    "_id": "ADBE20231061",
    "title": "",
    "text": "business segments create publish promote content productivity. customers professionals designers developers communicators creators students marketers workers consumers. platform products create manage execute monetize optimize experiences analytics to commerce. customers marketers advertisers agencies publishers merchandisers merchants web analysts data scientists developers executives. products eLearning technical document publishing web conferencing web app development high printing Adobe Advertising."
}
{
    "_id": "ADBE20231062",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231080",
    "title": "",
    "text": "segment revenue results 2023 2022 2021 millions Fiscal Revenue,216,409 Cost revenue Gross profit,551,290,055 Gross profit percentage revenue Fiscal Revenue,842,606 Cost revenue,165 Gross profit,281,920,441 Gross profit percentage revenue Fiscal Revenue,520,867,785 Cost revenue Gross profit,091#2,546 Gross profit percentage revenue"
}
{
    "_id": "ADBE20231089",
    "title": "",
    "text": "categorize revenue geographic customer. Revenue 2023 2022 2021 millions Americas United States,460,217,194 Americas,654,251 EMEA,252 APAC,762 Revenue,409,606,785"
}
{
    "_id": "ADBE20231094",
    "title": "",
    "text": "Digital Media 2023 2022 2021 millions Creative Cloud,459 Document Cloud Digital Media revenue,216,842,520"
}
{
    "_id": "ADBE20231101",
    "title": "",
    "text": "Subscription revenue 2023 2022 2021 Digital Media,838,385 Digital Experience Publishing Advertising revenue,284,388,573"
}
{
    "_id": "ADBE20231102",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231106",
    "title": "",
    "text": "receivable recorded unconditional right invoice before payment. revenue recognition invoicing. obligations payment before license. receivables unbilled related license revenue invoicing. December 1, 2023 $2. 22 billion unbilled receivables $80 million. December 2, 2022 $2. 07 billion unbilled receivables $93 million."
}
{
    "_id": "ADBE20231108",
    "title": "",
    "text": "maintain allowance doubtful accounts uncollectible trade receivables based reserves. experience credit-worthiness conditions future. allowance $16 million $23 million December 1, 2023 2 2022."
}
{
    "_id": "ADBE20231110",
    "title": "",
    "text": "contract asset recognized conditional right consideration transfer control. subscription service contracts transaction price billings. prepaid expenses Consolidated Balance Sheets. asset balances impairment experience credit-worthiness conditions. impairments 2023 2022. assets $141 million $97 million December 1, 2023 2 2022."
}
{
    "_id": "ADBE20231112",
    "title": "",
    "text": "Deferred revenue billings subscription services non-cancellable funds deposits. recognized transfer control. invoiced installments revenue recognized subscription period. balance influenced invoice duration timing size business linearity. total contract value non-cancellable subscription agreements."
}
{
    "_id": "ADBE20231113",
    "title": "",
    "text": "Payment terms conditions vary contract type include payment within 30 to 60 days. revenue recognition from invoicing contracts include significant financing. purpose invoicing simplified purchasing not receive financing. potential financing fees insignificant."
}
{
    "_id": "ADBE20231115",
    "title": "",
    "text": "December 1, 2023 deferred revenue $5. 95 billion $115 million refundable deposits. Refundable deposits cancellation right products. Arrangements enterprise customers non-cancellable funds renew licenses purchase Adobe products. Non-cancellable funds 5% deferred revenue."
}
{
    "_id": "ADBE20231116",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231118",
    "title": "",
    "text": "December 2, 2022 deferred revenue $5. 41 billion. increases payments transfer control offset decreases revenue recognized. December 1, 2023 $5. 24 billion revenue recognized."
}
{
    "_id": "ADBE20231119",
    "title": "",
    "text": "Transaction price obligations represents contracted revenue recognized deferred unbilled amounts. influenced by timing renewals contract term. expedients exclude billed optional purchases sales royalties consumed estimated amounts variable consideration."
}
{
    "_id": "ADBE20231120",
    "title": "",
    "text": "obligations $17. 22 billion December 1, 2023. Non-cancellable-refundable funds agreements 5% obligations. 69% obligations 12 months remainder."
}
{
    "_id": "ADBE20231122",
    "title": "",
    "text": "recognize asset incremental costs contract longer year. determined sales incentive programs meet."
}
{
    "_id": "ADBE20231123",
    "title": "",
    "text": "costs capitalized sales commissions. fringe benefits payroll taxes costs contracts payments."
}
{
    "_id": "ADBE20231124",
    "title": "",
    "text": "costs contract amortized 5 years. sales marketing expense Consolidated Statements Income. 2023 2022 2021 amortized $254 $238 $212 million sales expense. impairment losses."
}
{
    "_id": "ADBE20231125",
    "title": "",
    "text": "contract costs $656 million $629 million 2023 2022 $422 million $406 million long-term Balance. remaining current expenses assets."
}
{
    "_id": "ADBE20231127",
    "title": "",
    "text": "liabilities returns reserves rebates credits. expenses Consolidated Balance Sheets. $111 $106 million December 2023 2022."
}
{
    "_id": "ADBE20231130",
    "title": "",
    "text": "no customers 10% revenue over 10% receivables."
}
{
    "_id": "ADBE20231131",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231135",
    "title": "",
    "text": "September 15 2022 merger Figma. $20 billion half cash stock."
}
{
    "_id": "ADBE20231136",
    "title": "",
    "text": "December 17, 2023 agreement Figma merger. December 2023 paid termination fee $1 billion operating expenses 2024."
}
{
    "_id": "ADBE20231138",
    "title": "",
    "text": "October 7, 2021. cloud video platform $1. 24 billion cash. financial results. included Consolidated Financial Statements. Digital Media segment."
}
{
    "_id": "ADBE20231148",
    "title": "",
    "text": "table purchase price assets net liabilities estimated values October 7 2021. Life Purchased technology research development/A Trademarks Customer contracts relationships assets Net liabilities/A Goodwill/A purchase price"
}
{
    "_id": "ADBE20231150",
    "title": "",
    "text": "Capitalized purchased technology indefinite lived research."
}
{
    "_id": "ADBE20231151",
    "title": "",
    "text": "Non-deductible."
}
{
    "_id": "ADBE20231154",
    "title": "",
    "text": "December 7, 2020 Workfront workflow platform $1. 52 billion. financial results included Consolidated Financial Statements. Digital Experience."
}
{
    "_id": "ADBE20231155",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231166",
    "title": "",
    "text": "table purchase price allocation assets net liabilities values December 7 2020. contracts relationships Purchased technology Backlog Trademarks assets Net liabilities assumed/A Goodwill/A purchase price"
}
{
    "_id": "ADBE20231168",
    "title": "",
    "text": "Non-deductible."
}
{
    "_id": "ADBE20231170",
    "title": "",
    "text": "Cash equivalents liquid securities maturities three months purchase. investments “available-for-sale. carry fair value prices. Unrealized gains non-credit losses included income Consolidated Balance Sheets. credit-related losses recorded income allowance losses. Gains losses determined method recognized Statements Income."
}
{
    "_id": "ADBE20231187",
    "title": "",
    "text": "Cash equivalents investments December 1 2023 Cost Gains Losses Value assets Cash equivalents Money market funds Time deposits equivalents income securities Asset-backed securities Corporate debt. securities. Treasury securities short-term investments cash equivalents short-term investments"
}
{
    "_id": "ADBE20231188",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231208",
    "title": "",
    "text": "Cash equivalents investments December 2 2022 Cost Gains Losses Value assets Corporate debt securities Money market funds Time deposits equivalents income securities Asset-backed securities Corporate debt securities Foreign government securities Municipal securities. Treasury short-term investments cash equivalents short investments"
}
{
    "_id": "ADBE20231209",
    "title": "",
    "text": "Note 5 financial instruments."
}
{
    "_id": "ADBE20231215",
    "title": "",
    "text": "table summarizes estimated short-term debt securities maturities December 1, 2023 millions year two years three years"
}
{
    "_id": "ADBE20231217",
    "title": "",
    "text": "review debt securities short-term for impairment. unrealized loss determine decline fair value below amortized cost due to credit-related factors recovery cost. consider market value less than cost failure issuer payments rating credit-related factors credit loss. 2023 2022 allowance credit-related losses investments."
}
{
    "_id": "ADBE20231218",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231221",
    "title": "",
    "text": "Assets Liabilities Measured Recorded"
}
{
    "_id": "ADBE20231243",
    "title": "",
    "text": "value financial assets liabilities December 1 2023 Value Measurements Reporting Date Prices Assets Cash equivalents Money market funds Time deposits Short-term investments Asset-backed securities Corporate debt. Treasury Prepaid expenses current assets Foreign currency derivatives Deferred compensation plan assets Liabilities Accrued expenses Foreign currency derivatives"
}
{
    "_id": "ADBE20231244",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231269",
    "title": "",
    "text": "value financial assets liabilities December 2 2022 Value Measurements Prices Assets Cash equivalents Corporate debt securities Money market funds Time deposits Short-term investments Asset-backed securities Corporate debt Foreign government securities Municipal securities. Treasury Prepaid expenses assets Foreign currency derivatives Deferred compensation plan Liabilities Accrued expenses Foreign currency derivatives"
}
{
    "_id": "ADBE20231270",
    "title": "",
    "text": "Note 4 financial instruments."
}
{
    "_id": "ADBE20231271",
    "title": "",
    "text": "fixed income-sale debt securities high quality investment diverse issuers credit rating AA-. value independent matrix pricing market approach methodologies discounted cash flow methodologies. Inputs quoted prices benchmark yields issuer spreads interest rates. Treasury swap curves. categorize income securities Level 2. prices fair values."
}
{
    "_id": "ADBE20231272",
    "title": "",
    "text": "values money market funds deposits deferred compensation based prices markets measurement."
}
{
    "_id": "ADBE20231273",
    "title": "",
    "text": "-counter derivatives valued pricing discounted cash exchange interest rate."
}
{
    "_id": "ADBE20231275",
    "title": "",
    "text": "assets liabilities values carrying values."
}
{
    "_id": "ADBE20231276",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231278",
    "title": "",
    "text": "Liabilities Measured Nonrecurring"
}
{
    "_id": "ADBE20231279",
    "title": "",
    "text": "senior notes $3. 39 billion December 1 2023 Level 2. 17."
}
{
    "_id": "ADBE20231281",
    "title": "",
    "text": "derivatives offset foreign currency interest rate risk cash flows assets liabilities. trading."
}
{
    "_id": "ADBE20231282",
    "title": "",
    "text": "netting arrangements credit risk net settlement. offset fair value. enter collateral security agreements cash collateral value. Collateral posted prepaid expenses assets received accrued expenses Consolidated Balance Sheets."
}
{
    "_id": "ADBE20231284",
    "title": "",
    "text": ". Dollars currencies. exchange revenue expenses. 12 months. December 1 2023 2022 cash flow hedges $2. 83 billion $2. 43 billion Euros Indian Rupees British Pounds Japanese Yen Dollars."
}
{
    "_id": "ADBE20231285",
    "title": "",
    "text": "June 2019 Treasury agreements. Treasury rates $1 billion future debt issuance. instruments hedged settled 2020. incurred loss amortized interest expense debt due February 1, 2030. Note 17."
}
{
    "_id": "ADBE20231286",
    "title": "",
    "text": "December 1 2023 losses foreign exchange contracts 18 $9 million revenue 12. gains $1 million foreign exchange contracts expenses 12 months. losses Treasury lock agreements $5 million interest expense 12."
}
{
    "_id": "ADBE20231287",
    "title": "",
    "text": "hedge accounting relationships documented inception effective future cash flows. record changes value hedges income Consolidated Balance Sheets until forecasted transaction occurs. affects earnings reclassify gain loss foreign currency revenue expense Treasury lock cash flow hedge to revenue operating expense interest expense. transaction reclassify gain loss hedge same income hedged. evaluate hedge effectiveness. hedge changes fair value recorded same income line item hedged item."
}
{
    "_id": "ADBE20231289",
    "title": "",
    "text": "2023 2022 2021 no gains losses hedges."
}
{
    "_id": "ADBE20231290",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231293",
    "title": "",
    "text": "derivatives hedging foreign currency contracts assets liabilities non-functional currencies. changes fair value recorded Consolidated Statements Income. Changes assets liabilities offset by related contracts."
}
{
    "_id": "ADBE20231294",
    "title": "",
    "text": "December 1, 2023 foreign currency contracts $998 million Euros Indian Rupees British Pounds Australian Dollars. December 2, 2022 $814 million Euros Pounds Rupees. derivatives 180 days."
}
{
    "_id": "ADBE20231303",
    "title": "",
    "text": "derivatives prepaid expenses current assets liability accrued expenses Consolidated Balance Sheets. derivative instruments December 1 2023 2022 millions Value Asset Liability hedging instruments Foreign exchange option contracts forward contracts not Foreign exchange forward contracts Total derivatives"
}
{
    "_id": "ADBE20231308",
    "title": "",
    "text": "Gains derivative instruments tax Statements 2023 2022 2021 millions Derivatives cash flow hedging relationships option contracts forward contracts"
}
{
    "_id": "ADBE20231320",
    "title": "",
    "text": "effects derivative instruments Statements Income 2023 2022 2021 millions Statement Classification cash flow hedging relationships exchange option contracts Net gain OCI income contracts Net gain income expenses lock Net gain reclassified income expense hedging relationships Foreign exchange forward contracts income"
}
{
    "_id": "ADBE20231321",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231335",
    "title": "",
    "text": "Property equipment December 2023 2022 Computers,352 Buildings improvements Leasehold improvements Furniture fixtures Land Capital projects,761 Accumulated depreciation amortization"
}
{
    "_id": "ADBE20231336",
    "title": "",
    "text": "2023 2021 $235 $189 $207 million."
}
{
    "_id": "ADBE20231345",
    "title": "",
    "text": "Property equipment December 1 2023 2 2022 millions Americas United States Americas EMEA APAC Property equipment"
}
{
    "_id": "ADBE20231355",
    "title": "",
    "text": "Goodwill millions Media Experience Advertising Goodwill December 3 2021,731,668 Acquisitions Foreign currency Balances December 2 2022,889,500,787 Balances December 1 2023,890,805"
}
{
    "_id": "ADBE20231356",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231365",
    "title": "",
    "text": "intangibles net December 1 2023 2 2022 millions Amount Amortization Customer contracts relationships#1,204 Purchased technology Trademarks(172(54) intangibles net#2,586(1,498)#1,088,700(1,251)"
}
{
    "_id": "ADBE20231366",
    "title": "",
    "text": "Amortization $375 $405 $354 million 2023 2021. $207 $236 $181 million sales."
}
{
    "_id": "ADBE20231376",
    "title": "",
    "text": "intangibles amortized 3 14 years. December 1, 2023 expense five years millions 2024 2025 2026 2027 2028 expense"
}
{
    "_id": "ADBE20231378",
    "title": "",
    "text": "capitalized research development indefinite until completion abandonment."
}
{
    "_id": "ADBE20231388",
    "title": "",
    "text": "expenses December 1 2023 2022 millions bonuses compensation benefits corporate marketing taxes Refund liabilities expenses#1,942"
}
{
    "_id": "ADBE20231390",
    "title": "",
    "text": "business royalties hosting fees liabilities."
}
{
    "_id": "ADBE20231391",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231398",
    "title": "",
    "text": "Income before taxes 2023 2022 2021 millions Domestic Foreign,334,050 before taxes#6,799"
}
{
    "_id": "ADBE20231411",
    "title": "",
    "text": "income taxes 2023 2022 2021 millions federal,198 Foreign State local####926####691 Deferred federal Foreign State local deferred####192 income taxes,371#1,252#883"
}
{
    "_id": "ADBE20231423",
    "title": "",
    "text": "income tax differed. rate 21% millions Tax expense. rate,198 Tax credits non-U. S. operations Tax settlements State tax expense federal benefit Stock-based compensation Provision income taxes,371#883"
}
{
    "_id": "ADBE20231424",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231448",
    "title": "",
    "text": "tax deferred tax 2023 2022 Deferred tax assets expenses Intangible assets Credit carryforwards Reserves accruals lease liabilities Stock compensation loss Benefits deferred tax assets,117,779 Valuation allowance,377 liabilities Acquired intangible assets Prepaid expenses lease Depreciation amortization deferred tax liabilities"
}
{
    "_id": "ADBE20231449",
    "title": "",
    "text": "Deferred tax assets liabilities reporting operating loss tax credit carryforwards."
}
{
    "_id": "ADBE20231450",
    "title": "",
    "text": "December 1, 2023 state loss tax credit carryforwards $446 million $352 million. federal tax credit carryforwards $80 million. tax credits expire 2024 2040. annual reduced valuation allowance. net realized."
}
{
    "_id": "ADBE20231451",
    "title": "",
    "text": "realizability deferred tax assets management determined assets foreign jurisdictions. offset valuation allowance. December 1, 2023 valuation allowance $405 million state credits. fiscal 2023 increase $3 million."
}
{
    "_id": "ADBE20231453",
    "title": "",
    "text": "repatriate foreign earnings exempt taxes. December 1, 2023 foreign earnings reinvested deferred tax liability."
}
{
    "_id": "ADBE20231454",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231466",
    "title": "",
    "text": "2023 2022 changes unrecognized tax benefits millions####2023#321#289 increases decreases) increases current####53 Lapse statute limitations(14) Tax settlements(13)) Foreign exchange gains losses balance##501#321"
}
{
    "_id": "ADBE20231467",
    "title": "",
    "text": "policy interest penalties tax positions. December 1 2023 2 2022 combined accrued interest penalties long-term taxes."
}
{
    "_id": "ADBE20231468",
    "title": "",
    "text": "file federal state local income tax returns globally major jurisdictions Ireland California United States. subject to examination domestic foreign tax authorities 2019 earliest open examination jurisdictions. assess outcomes adjustments. tax estimates reasonable assurance final determination financial position."
}
{
    "_id": "ADBE20231469",
    "title": "",
    "text": "timing resolution income tax examinations uncertain tax payments audit settlement process. cause fluctuations tax assets liabilities. next 12 months audits conclude statutes limitations expire. resolution unrecognized tax benefits decrease $60 million next 12 months."
}
{
    "_id": "ADBE20231472",
    "title": "",
    "text": "Adobe. 401(k) Retirement Savings Plan U. employees. employees contribute 65% salary IRS limits. matched 50% first 6% compensation. contributed $85 million $76 million $64 million 2023 2022 2021. change practices."
}
{
    "_id": "ADBE20231475",
    "title": "",
    "text": "Adobe Inc. Deferred Compensation Plan unfunded non-qualified executives defer annual compensation. Participants contribute 75% base salary 100% compensation commissions bonuses. Board Directors defer directors’ fees elect cash benefit distributions. defer equity awards. payment benefits three years after plan year. cash distributions sum"
}
{
    "_id": "ADBE20231476",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231478",
    "title": "",
    "text": "fifteen-year installments. equity elections lump sum."
}
{
    "_id": "ADBE20231479",
    "title": "",
    "text": "deferred compensation invested mutual funds recorded assets Balance Sheets gains losses. Undistributed compensation long liabilities."
}
{
    "_id": "ADBE20231480",
    "title": "",
    "text": "1 2023 2022 $206 million $160 million. deferred compensation $222 million $178 million."
}
{
    "_id": "ADBE20231483",
    "title": "",
    "text": "stock-based compensation attract incentives officers directors interests. Restricted Stock Units Performance Share Programs"
}
{
    "_id": "ADBE20231484",
    "title": "",
    "text": "grant stock units performance share awards 2019 Equity Incentive Plan. four years. Compensation Committee."
}
{
    "_id": "ADBE20231485",
    "title": "",
    "text": "2023 reserved 64. million shares 2019 Plan 34. million."
}
{
    "_id": "ADBE20231486",
    "title": "",
    "text": "Performance Share Programs stockholder value award potential talented. ECC approves terms award calculation methodology. 2023 approved Performance Share Program."
}
{
    "_id": "ADBE20231487",
    "title": "",
    "text": "Shares 2023 2022 Performance Share Programs earned stockholder return three-year revenue financial metrics three one-year. weighted 50% achievement determined. Shares awarded until targets defined."
}
{
    "_id": "ADBE20231488",
    "title": "",
    "text": "Shares 2021 Performance Share Program stockholder return three-year."
}
{
    "_id": "ADBE20231489",
    "title": "",
    "text": "share awards 2023 2022 2021 Programs cliff-vest three-year anniversary vesting ECC certification final performance period contingent service. earn 0% 200% target shares."
}
{
    "_id": "ADBE20231490",
    "title": "",
    "text": "December 1 2023 shares 2021 unvested."
}
{
    "_id": "ADBE20231493",
    "title": "",
    "text": "Employee Stock Purchase Plan allows purchase common stock discount payroll deductions. twenty-four-month periods four six-month purchase periods. purchase shares 85% market value stock."
}
{
    "_id": "ADBE20231494",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231496",
    "title": "",
    "text": "market value common stock purchase lower offering participants rolled offering reset price twenty-four month period."
}
{
    "_id": "ADBE20231497",
    "title": "",
    "text": "ESPP continue until earlier termination Board Directors shares issued."
}
{
    "_id": "ADBE20231498",
    "title": "",
    "text": "December 1 2023 reserved. million shares ESPP. million future."
}
{
    "_id": "ADBE20231500",
    "title": "",
    "text": "vesting restricted stock units performance shares purchase ESPP treasury stock. common stock. dilution stock repurchase program. Note 14."
}
{
    "_id": "ADBE20231502",
    "title": "",
    "text": "compensation measured grant date value."
}
{
    "_id": "ADBE20231503",
    "title": "",
    "text": "restricted stock units valued fair market grant. performance share awards stockholder return Monte Carlo Simulation model. revenue metrics fair market value."
}
{
    "_id": "ADBE20231504",
    "title": "",
    "text": "Black-Scholes option pricing model ESPP purchase rights. stock price assumptions variables. stock price volatility employee stock option behaviors risk-free interest rate dividends."
}
{
    "_id": "ADBE20231513",
    "title": "",
    "text": "stock unit activity 2023 Shares millions Average Grant Date Value Value millions Contractual Life Beginning balance. Awarded.#376. Released. Forfeited. Ending balance.#418. Expected vest.,276."
}
{
    "_id": "ADBE20231515",
    "title": "",
    "text": "value closing stock December 2023 $612."
}
{
    "_id": "ADBE20231517",
    "title": "",
    "text": "units 2023 2022 2021 $376. $457. 96 $504. 69. $1. 71 $1. 30. 83 billion."
}
{
    "_id": "ADBE20231518",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231528",
    "title": "",
    "text": "Performance share activity 2023 Shares millions Average Grant Date Fair Value Value millions Contractual Life outstanding balance. Awarded. Released. Forfeited. outstanding balance. Expected vest."
}
{
    "_id": "ADBE20231530",
    "title": "",
    "text": "value closing stock December 2023 $612."
}
{
    "_id": "ADBE20231531",
    "title": "",
    "text": "2023 63% 2020 Performance Share Program ECC quarter."
}
{
    "_id": "ADBE20231532",
    "title": "",
    "text": "2023 2022 2021 $437. $402. 24 $325. 24. total $39 million $192 million $212 million."
}
{
    "_id": "ADBE20231534",
    "title": "",
    "text": "Employees purchased. million $286. 31,. million $333. 92. $294. 15 2023 2022 2021. intrinsic value $185 million $73 million $256 million. difference market value price."
}
{
    "_id": "ADBE20231535",
    "title": "",
    "text": "fiscal 2023 rollover ESPP incremental expense twenty-four-month Consolidated Statements Income."
}
{
    "_id": "ADBE20231537",
    "title": "",
    "text": "recognize compensation costs restricted stock units forfeitures service vesting. based value common stock date grant."
}
{
    "_id": "ADBE20231538",
    "title": "",
    "text": "costs performance share awards stockholder return recognized net estimated forfeitures performance longer. revenue-based financial metrics recognized net forfeitures expected assessed periodically until certification ECC."
}
{
    "_id": "ADBE20231539",
    "title": "",
    "text": "estimate forfeitures grant revise differ. use historical data record stock compensation expected vest."
}
{
    "_id": "ADBE20231541",
    "title": "",
    "text": "December 2023 $2. 87 billion unrecognized compensation cost forfeitures non awards recognized. 24 years."
}
{
    "_id": "ADBE20231542",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231550",
    "title": "",
    "text": "stock-based compensation costs Statements Income 2023 2022 2021 millions revenue#115#70 development marketing administrative#1,718#1,440#1,090"
}
{
    "_id": "ADBE20231552",
    "title": "",
    "text": "2021 tax stock compensation $299 $291 $395 million."
}
{
    "_id": "ADBE20231559",
    "title": "",
    "text": "income activity net taxes 2023 millions 2, 2022 Decrease 1, 2023 gains losses securities(41)) gains losses hedging instruments(31)(26) foreign currency translation adjustments income net taxes(26)"
}
{
    "_id": "ADBE20231561",
    "title": "",
    "text": "Reclassification adjustments losses securities."
}
{
    "_id": "ADBE20231562",
    "title": "",
    "text": "adjustments gains foreign currency hedges revenue expenses Treasury lock hedges interest expense."
}
{
    "_id": "ADBE20231563",
    "title": "",
    "text": "Taxes income immaterial fiscal years."
}
{
    "_id": "ADBE20231565",
    "title": "",
    "text": "stock repurchase program minimize dilution repurchase market agreements parties. December 2020 Board repurchase $15 billion common stock 2024."
}
{
    "_id": "ADBE20231566",
    "title": "",
    "text": "2023 2022 accelerated share repurchase agreements institutions prepayments $1. 4 billion $2. 4 billion. deliver shares remaining settlement. average purchase price share determined Volume Weighted Average Price discount."
}
{
    "_id": "ADBE20231568",
    "title": "",
    "text": "2023 2022 2021 stock repurchase agreements large financial institutions provided prepayments $3 billion $4. 15 billion $3. 95 billion. institutions deliver shares monthly determined contracts trading days VWAP discount."
}
{
    "_id": "ADBE20231569",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231571",
    "title": "",
    "text": "2023 repurchased 11. 5 million shares 7. $429. 65 4. million $348. 46 ASR. repurchased 15. 7 million 10. 4 million $375. 03 5. 3 million $451. 55 ASR. repurchased 7. 2 million $536. 17."
}
{
    "_id": "ADBE20231572",
    "title": "",
    "text": "2023 2022 2021 prepayments treasury stock shares delivered December excluded net income share. 2023 $354 million prepayment stock repurchase agreement."
}
{
    "_id": "ADBE20231573",
    "title": "",
    "text": "1, 2023 accelerated share repurchase institution prepayment $2 billion 2. 5 million shares 75% prepayment. $2 billion $150 million 2020 authority."
}
{
    "_id": "ADBE20231575",
    "title": "",
    "text": "net income per share computed average common shares excluding unvested stock units performance awards. Diluted income shares shares unvested units purchase rights performance share awards treasury stock method. Performance awards."
}
{
    "_id": "ADBE20231585",
    "title": "",
    "text": "table basic diluted net income share 2023 2022 2021 millions data Net income,428 Shares basic income. Dilutive shares stock plans programs. diluted income. Basic net income share. Diluted net income share. Anti-dilutive common shares."
}
{
    "_id": "ADBE20231586",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231599",
    "title": "",
    "text": "purchase obligations. table-cancellable obligations five years December 1, 2023 contracts hosting data center services millions Year Obligations 2024 2025 2026 2027 2028"
}
{
    "_id": "ADBE20231600",
    "title": "",
    "text": "2023 executed purchase obligations $2. 3 billion 2028."
}
{
    "_id": "ADBE20231602",
    "title": "",
    "text": "royalty commitments licensing. expense dollar amount percentage revenue. recorded $246 million $228 million $202 million 2023 2022 2021."
}
{
    "_id": "ADBE20231604",
    "title": "",
    "text": "provide indemnifications varying scope to customers channel partners against intellectual property infringement products subject to claims. costs not significant unable estimate maximum impact future results."
}
{
    "_id": "ADBE20231605",
    "title": "",
    "text": "permitted Delaware law agreements indemnify officers directors for events serving. indemnification covers events lifetime. maximum future payments unlimited director officer insurance coverage reduces exposure future amounts paid. estimated fair value agreements insurance minimal."
}
{
    "_id": "ADBE20231608",
    "title": "",
    "text": "subject to legal proceedings claims intellectual property commercial employment business. disputes include speculative claims damages. consider claims quarterly GAAP assess potential losses. evaluate disclosure requirements accrue financial statements. reviewed discussed with Audit Committee Board Directors."
}
{
    "_id": "ADBE20231609",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231611",
    "title": "",
    "text": "provision for liability probable loss estimated. provisions reviewed quarterly adjusted impacts negotiations settlements rulings advice legal information events. December 1, 2023 accrued provisions for legal liabilities probable estimable not material to financial statements. no disclosure required claim possibility loss exceeding loss estimate immaterial."
}
{
    "_id": "ADBE20231612",
    "title": "",
    "text": "legal costs expensed. unpredictable. believe valid defenses matters. possible financial position results cash flows affected unfavorable resolution proceedings."
}
{
    "_id": "ADBE20231613",
    "title": "",
    "text": "June 2022 cooperating Federal Trade Commission Civil Investigative Demand disclosure subscription cancellation practices Restore Online Shoppers’ Confidence Act. November 2023 FTC asserted authority consent negotiations settlement. engaging discussion FTC. defense costs penalties financial results operations. no assurance settlement. remedies compliance requirements affect business financial results. unable estimate financial loss investigation."
}
{
    "_id": "ADBE20231614",
    "title": "",
    "text": "October 20, 2023 action Pembroke Pines Firefighters Police Officers Pension Fund. Adobe. Case. 1:23-cv-09260 filed. Southern District New York Adobe officers defendants. purchasers stock July 23, 2021 September 15 2022 statements Adobe competition false misleading. seeks damages attorneys’ fees costs relief."
}
{
    "_id": "ADBE20231615",
    "title": "",
    "text": "November 16, 2023 shareholder Shah. Narayen Case. 1:23-cv-01315 filed. District Delaware Adobe. January 3, 2024 second Gervat. Narayen Case. 1:24-cv-00006 filed. Delaware Adobe. current former officers Board Directors defendants Adobe defendant. breach fiduciary duty unjust enrichment waste assets violations 10 Securities Exchange Act 1934 damages attorney’s fees costs disgorgement profits payments benefits improvements corporate governance procedures."
}
{
    "_id": "ADBE20231616",
    "title": "",
    "text": "dispute allegations wrongdoing Securities Action Derivative Actions intend defend. complexity uncertain proceedings unable estimate possible financial loss resolve settle Derivative Actions."
}
{
    "_id": "ADBE20231618",
    "title": "",
    "text": "disputes third-party intellectual property rights including patent rights subject to claims negotiations complex litigation. disputes costly disruptive attention management technical personnel."
}
{
    "_id": "ADBE20231619",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231621",
    "title": "",
    "text": "defended past prevail ongoing future. Third-party intellectual property disputes liabilities royalty licensing unfavorable prevent licensing products services injunctions sale cause disruptions operations satisfy indemnification commitments license service agreements."
}
{
    "_id": "ADBE20231634",
    "title": "",
    "text": "borrowings December 1 2023 2 2022 millions Date Interest Rate. 70% 2023 2020. 92%. 90% 2025. 07%. 25% 2015 2025. 67%. 15% 2027. 26%. 30% 2030. 69%,300 debt,650,150 Current debt discount issuance costs long,634,629 current debt unamortized discount"
}
{
    "_id": "ADBE20231636",
    "title": "",
    "text": "issued $1 billion notes 2025. issuance costs amortized. payable semi-annually February August 1."
}
{
    "_id": "ADBE20231637",
    "title": "",
    "text": "issued $500 million 2023 2025 $850 million 2027 $1. 30 billion 2030. proceeds $3. 14 billion repayment debt 2020. discount costs amortized interest expense. payable semi-annually February 1 August 1."
}
{
    "_id": "ADBE20231638",
    "title": "",
    "text": "quarter 2023 $500 million notes February 1."
}
{
    "_id": "ADBE20231639",
    "title": "",
    "text": "senior notes unsecured unsubordinated indebtedness. redeem make-whole premium. change control repurchase equal 101% principal plus accrued interest repurchase. financial covenants grant liens sale leaseback transactions allowances."
}
{
    "_id": "ADBE20231642",
    "title": "",
    "text": "January 2023 delayed term loan agreement senior unsecured loan $3. 5 billion partially funding purchase acquisition Figma fees expenses. single drawing closing Figma acquisition"
}
{
    "_id": "ADBE20231643",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231645",
    "title": "",
    "text": "March 15 2024. Term Loan two years no principal amortization. prepaid terminated premium penalty. interest Secured Overnight Financing Rate adjusted daily SOFR base rate. Base federal funds rate. 50% agent’s prime rate term SOFR 1.%. margin. 750% to 1. 250%. base rate.% to. 250%. commitment fees payable quarterly. 040% to. 100% per annum."
}
{
    "_id": "ADBE20231646",
    "title": "",
    "text": "Term Loan representations warranties covenants default indemnification Revolving. December 1, 2023 no borrowings."
}
{
    "_id": "ADBE20231647",
    "title": "",
    "text": "December 1 2023 Figma merger. Term Loan Credit Agreement terminated. Note 3 Statements Figma."
}
{
    "_id": "ADBE20231649",
    "title": "",
    "text": "June 2022 entered credit agreement five-year $1. 5 billion unsecured credit facility replaced previous five-year $1 billion October 2018 Revolving Credit. loans Adobe subsidiaries additional borrowers. obtain additional $500 million maximum commitment $2 billion. loans bear interest term SOFR adjusted daily SOFR alternative currency rate base rate federal funds rate. 50% agent’s prime rate term SOFR 1.%. margin SOFR currency based debt ratings ranges 0. 460% to 0. 900%. facility fees payable commitments quarterly 0. 040% to 0. 100% per annum. reduce commitment. Adobe subsidiaries borrow prepay re-borrow."
}
{
    "_id": "ADBE20231650",
    "title": "",
    "text": "Revolving Credit Agreement representations warranties covenants default indemnification lenders. covenants indebtedness merger."
}
{
    "_id": "ADBE20231651",
    "title": "",
    "text": "facility amounts due payable maturity date unless commitments terminated earlier default maturity date extended agreement lenders."
}
{
    "_id": "ADBE20231652",
    "title": "",
    "text": "borrowings Revolving Credit Agreement."
}
{
    "_id": "ADBE20231655",
    "title": "",
    "text": "September 2023 established commercial paper program unsecured $3 billion maturities 397 days. proceeds purposes working capital expenditures acquisitions stock repurchases refinancing. December 1, 2023 no borrowings."
}
{
    "_id": "ADBE20231656",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231659",
    "title": "",
    "text": "facilities data centers 2032. land 2091. residual value guarantees variable payment restrictive covenants."
}
{
    "_id": "ADBE20231660",
    "title": "",
    "text": "lease expense $117 $121 $119 2023 2022 2021. recognized Consolidated Statements Income. costs net sublease income."
}
{
    "_id": "ADBE20231664",
    "title": "",
    "text": "cash flow 2023 2022 2021 leases millions paid lease liabilities#97#107#116-of-use assets lease liabilities#32#59#60"
}
{
    "_id": "ADBE20231665",
    "title": "",
    "text": "term discount rate December 1 2023 6. 50%."
}
{
    "_id": "ADBE20231677",
    "title": "",
    "text": "December 1, 2023 maturities lease liabilities millions Year Leases lease liabilities#484 Imputed interest value lease liabilities"
}
{
    "_id": "ADBE20231680",
    "title": "",
    "text": "binding lease payments December 1, 2023."
}
{
    "_id": "ADBE20231681",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231699",
    "title": "",
    "text": "Non-operating income 2023 2022 2021 millions Interest expense Investment gains gains losses Unrealized gains gains Other income net Interest income#269#61$#17 Foreign exchange gains losses fixed income investments income#246 Non-operating income net#149(90)(97)"
}
{
    "_id": "ADBE20231702",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231703",
    "title": "",
    "text": "Consolidated Statements Control"
}
{
    "_id": "ADBE20231704",
    "title": "",
    "text": "audited balance sheets Adobe Inc. subsidiaries December 1 2023 2, 2022 statements income stockholders’ equity cash flows 1 2023. audited control financial reporting 2023 Internal Control Integrated Framework Sponsoring Treadway Commission."
}
{
    "_id": "ADBE20231705",
    "title": "",
    "text": "consolidated financial statements present financial position Company December 1 2023 2 2022 results operations cash flows 2023. accounting principles. Company maintained internal control financial reporting 1 2023 Internal Control – Integrated Framework (2013) Commission."
}
{
    "_id": "ADBE20231707",
    "title": "",
    "text": "management responsible for consolidated financial statements internal control assessment Annual Report Internal Control Financial Reporting. opinion consolidated financial statements internal control audits. public accounting firm Accounting Oversight Board independent. federal securities laws rules Securities and Exchange Commission PCAOB."
}
{
    "_id": "ADBE20231708",
    "title": "",
    "text": "conducted audits PCAOB. standards require plan assurance consolidated financial statements free misstatement error fraud internal control."
}
{
    "_id": "ADBE20231709",
    "title": "",
    "text": "audits of consolidated financial statements included risks misstatement error or fraud. examining evidence amounts disclosures. accounting principles estimates management presentation. audit of internal control over financial reporting included understanding risk material weakness testing design effectiveness control risk. other procedures necessary. audits provide reasonable basis for opinions."
}
{
    "_id": "ADBE20231712",
    "title": "",
    "text": "internal control over financial reporting assurance reliability financial reporting preparation financial statements for accounting principles. includes policies procedures maintenance records transactions dispositions assets assurance transactions recorded necessary preparation financial statements receipts expenditures with authorizations management directors assurance prevention of unauthorized acquisition use disposition assets financial statements."
}
{
    "_id": "ADBE20231713",
    "title": "",
    "text": "limitations internal control financial reporting prevent misstatements. projections effectiveness future risk controls compliance policies deteriorate."
}
{
    "_id": "ADBE20231715",
    "title": "",
    "text": "critical audit matter is from current period audit of consolidated financial statements communicated to audit committee relates to accounts disclosures material challenging complex judgments. communication alter our opinion on financial statements not providing separate opinion."
}
{
    "_id": "ADBE20231717",
    "title": "",
    "text": "Note 1 financial statements cloud services software licenses Creative Cloud Document Cloud. cloud services licenses not distinct subscription single performance obligation."
}
{
    "_id": "ADBE20231718",
    "title": "",
    "text": "performance obligations cloud software critical audit. subjective auditor judgment Creative Cloud Document Cloud benefit integration cloud services on-premise licenses."
}
{
    "_id": "ADBE20231719",
    "title": "",
    "text": "primary procedures audit. evaluated design tested effectiveness internal control performance obligations. read Creative Cloud Document Cloud subscription agreements terms conditions. participated product demonstrations interviews product engineering department functionalities promise Creative customers. evaluated features functionalities subscription on-premise-device software connected Adobe cloud benefit."
}
{
    "_id": "ADBE20231721",
    "title": "",
    "text": "served auditor."
}
{
    "_id": "ADBE20231725",
    "title": "",
    "text": "DISAGREEMENTS DISCLOSURE"
}
{
    "_id": "ADBE20231726",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231729",
    "title": "",
    "text": "management evaluated Chief Financial disclosure controls procedures December 1, 2023. concluded disclosure controls procedures Rules 13a-15(e 15d-15(e) Securities Exchange Act 1934 effective assurance information Annual Report Form 10-K recorded processed summarized reported SEC’s rules regulations accumulated communicated to management timely decisions."
}
{
    "_id": "ADBE20231730",
    "title": "",
    "text": "management Chief Executive Financial Officer disclosure controls internal control financial reporting prevent errors fraud. control system reasonable not assurance objectives. design resource constraints benefits relative to costs. limitations no evaluation absolute assurance issues fraud Adobe detected."
}
{
    "_id": "ADBE20231732",
    "title": "",
    "text": "management internal control financial reporting Rule 13a-15(f) Securities Exchange Act 1934. assessed December 1, 2023. used criteria Internal Control - Integrated Framework (2013) Treadway Commission. concluded effective."
}
{
    "_id": "ADBE20231733",
    "title": "",
    "text": "KPMG LLP audited statements 10-K issued attestation report control reporting."
}
{
    "_id": "ADBE20231735",
    "title": "",
    "text": "no changes in control financial reporting quarter ended December 1, 2023."
}
{
    "_id": "ADBE20231737",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231740",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231742",
    "title": "",
    "text": "information Item 10 Form 10-K 2024 Proxy Statement filed SEC Company’s 2024 Annual Meeting Stockholders incorporated. filed SEC 120 days after fiscal year. executive officers Part I Item 1 report."
}
{
    "_id": "ADBE20231744",
    "title": "",
    "text": "Item 11 10-K 2024 Proxy Statement."
}
{
    "_id": "ADBE20231745",
    "title": "",
    "text": "SECURITY OWNERSHIP STOCKHOLDER"
}
{
    "_id": "ADBE20231746",
    "title": "",
    "text": "Item 12 10-K 2024 Proxy Statement."
}
{
    "_id": "ADBE20231748",
    "title": "",
    "text": "Item 13 10-K 2024 Proxy Statement."
}
{
    "_id": "ADBE20231751",
    "title": "",
    "text": "Item 14 10-K 2024 Proxy Statement."
}
{
    "_id": "ADBE20231813",
    "title": "",
    "text": ". Financial Statements. Consolidated Financial Statements Part II Item 8 Form 10-K. Exhibit Number Description Date File No. Plan Merger September 15 2022 Adobe. Figma. Saratoga Merger. Fortis Advisors. Certificate Incorporation Adobe. Amendment Restated Certificate Adobe. Restated Bylaws. Common Stock Certificate. Indenture January 25 2010 Adobe Wells Bank. Global Note Adobe. 700% Notes due 2023. 900% Notes 2025. 150% 2027. 300% Notes 2030 Officer’s Certificate terms Notes. Global Note.250% Notes 2025 Officer’s Certificate. Adobe’s Common Stock. Employee Stock Purchase Plan/21. Equity Incentive Plan. RSU Grant Notice Agreement 2003 Equity Incentive Plan. Restricted Stock Unit Grant Notice Agreement 2003. Equity Incentive Plan/23. Performance Share Program Equity Incentive/21. 2021 Performance Share Award Grant Notice Agreement 2021 Share Program 2019 Equity Incentive Plan/21. Performance Share Program Equity Incentive. Performance Share Program Equity Incentive Plan amended/23.Exhibit Date File. 3F 2022 Performance Share Award Grant Notice Agreement 2019 Equity Incentive Plan. Restricted Stock Unit Grant Notice Agreement Incentive Plan awards January 15 2021/26/19. Performance Share Program/23. 2023 Performance Share Award Grant Notice Agreement Equity Incentive Plan/23. 3J Restricted Stock Unit Grant Notice Agreement Plan awards January 15 2021/21. Non Director Grant Restricted Stock Unit Notice Agreement 2019 Equity Incentive Plan/23. Restricted Stock Unit Grant awards January 24 2023/23.Agreement Adobe Shantanu Narayen December 5 2014. Indemnity Agreement. Deferred Compensation Plan Amended Restated. One Adobe Plan. Agreement June 30 2022 Company subsidiaries Bank America. lenders. Inc. 2023 Executive Severance Plan Change Control/23. Executive Annual Incentive Plan/23. 2024 Non-Employee Director Compensation Policy/23. Support Agreement September 15 2022 Adobe. Key Stockholders. Loan Credit Agreement January 19, 2023 Company Bank of America. other lenders./23.Exhibit Number Date File. Commercial Paper Dealer Agreement Company Dealer./23. Agreement December 17, 2023 Adobe. Saratoga Merger. II Figma./23. Registrant. Accounting Firm KPMG LLP. Attorney Annual Report Form 10-K. Chief Executive Officer Rule 13a-14 Securities Exchange Act 1934. Chief Financial Officer Rule 13a-14 Exchange Act. Rule 13a-14 Exchange Act. Chief Financial Officer Rule 13a-14 Inc. Incentive Compensation Recovery Policy. XBRL Instance Interactive Data File XBRL tags XBRL. XBRL Taxonomy Extension Schema.XBRL Calculation. Labels. Presentation. Definition 104 Page Interactive Data File Inline XBRL Exhibit 101"
}
{
    "_id": "ADBE20231815",
    "title": "",
    "text": "Management compensatory."
}
{
    "_id": "ADBE20231816",
    "title": "",
    "text": "certifications Exhibits 32. 2 Annual Report Form 10-K not filed Securities Exchange Commission incorporated Adobe. Securities Act 1933 Act 1934 Form 10-K incorporation."
}
{
    "_id": "ADBE20231819",
    "title": "",
    "text": "."
}
{
    "_id": "ADBE20231828",
    "title": "",
    "text": "Section 13 Securities Exchange Act 1934 registrant report signed undersigned. DANIEL DURN Financial Officer Vice President Finance Services Operations"
}
{
    "_id": "ADBE20231831",
    "title": "",
    "text": "KNOW PERSONS PRESENTS each person signature below Shantanu Narayen Daniel Durn lawful attorneys agents capacities sign amendments report file exhibits documents Securities Exchange Commission ratifying confirming attorneys-in agent do."
}
{
    "_id": "ADBE20231864",
    "title": "",
    "text": "Securities Exchange Act 1934 report signed registrant capacities dates. SHANTANU NARAYEN 16, 2024 Board Directors Chief Executive Officer DANIEL DURN Financial Officer Executive Vice President Finance Technology Services Operations GARFIELD Vice President Chief Accounting Officer FRANK CALDERONI 16 CRISTIANO AMON 16 Signature AMY BANSE 16 2024 BRETT BIGGS MELANIE BOULDEN LAURA DESMOND SPENCER NEUMANN KATHLEEN OBERG DHEERAJ PANDEY DAVID RICKS DAN"
}
{
    "_id": "ADBE20231907",
    "title": "",
    "text": "trademarks Adobe. Form 10-K Acrobat Sign Audition Campaign Experience Express Firefly Fonts Fresco Premiere Scan Sensei Stock Target Effects. Illustrator Optimizer Lightroom Marketo Photoshop PostScript Premiere Designer Modeler Painter Sampler Stager"
}
{
    "_id": "CPNG20230004",
    "title": "",
    "text": "created next generation experience retail. investing long term customer centricity delivering superior experience lower cost retail standards. efforts building end-to-end technology infrastructure innovation culture expectations"
}
{
    "_id": "CPNG20230009",
    "title": "",
    "text": "committed delivering “wow” experience customers. drives operations standards retail experience. reimagined Rocket Delivery service Korea Same-Day Delivery. Orders.-Day Delivery. free one-day delivery nationwide 365 days. •Frictionless Returns. tap button leave item outside door pickup. Refunds initiated."
}
{
    "_id": "CPNG20230010",
    "title": "",
    "text": "Rocket Delivery Rocket WOW shipping returns 30 days delivery groceries Rocket Fresh discounts Coupang Eats content streaming Coupang Play. success network."
}
{
    "_id": "CPNG20230011",
    "title": "",
    "text": "January 2024 acquired Farfetch luxury connects best boutiques brands."
}
{
    "_id": "CPNG20230013",
    "title": "",
    "text": "Small Coupang essential business growth win-win model. 75% Coupang merchants SMEs nationwide fulfillment logistics infrastructure millions. supported SMEs marketing logistics customer service. SMEs Private Label Brands high products affordable prices. launched Rocket Overseas Taiwan SME growth Korea no additional effort cost."
}
{
    "_id": "CPNG20230014",
    "title": "",
    "text": "merchants sell Coupang improve experiences demand generation. fulfillment logistics Coupang merchants logistics service."
}
{
    "_id": "CPNG20230016",
    "title": "",
    "text": "offerings suppliers merchants applications."
}
{
    "_id": "CPNG20230019",
    "title": "",
    "text": "compete with retailers suppliers distributors manufacturers producers search engines social networks portals goods retail merchant services grocery on food delivery fulfillment logistics online advertising streaming entertainment financial services companies credit card issuers payment platforms. Coupang, Inc. Form 10-K##4"
}
{
    "_id": "CPNG20230021",
    "title": "",
    "text": "operating results fluctuate seasonal economic cycles spend attract retain customers."
}
{
    "_id": "CPNG20230023",
    "title": "",
    "text": "global team one-of-a-kind experience millions customers. aim. largest private sector South Korea employ 78,000 employees December 31, 2023. direct employment model competitive wages training safety programs benefits empowers “wow” experiences."
}
{
    "_id": "CPNG20230024",
    "title": "",
    "text": "employees frontline logistics health safety wellness priority. investments health safety initiatives safety record Korean logistics. include Coupang Care first paid health promotion program logistics. well success business impact customers."
}
{
    "_id": "CPNG20230026",
    "title": "",
    "text": "patents trademarks copyrights secrets license agreements confidentiality non-disclosure invention rights."
}
{
    "_id": "CPNG20230027",
    "title": "",
    "text": "trademark rights name registrations marks Korea United States Taiwan jurisdictions. registered domain names. variations."
}
{
    "_id": "CPNG20230028",
    "title": "",
    "text": "control access proprietary technology confidential information internal controls contractual protections employees contractors customers partners. confidentiality invention assignment agreements employees consultants contractors development intellectual property. agreements third parties limit access disclosure. control terms service."
}
{
    "_id": "CPNG20230029",
    "title": "",
    "text": "design logos “Coupang registered trademarks service marks Form 10-K our affiliates’. Form property owners."
}
{
    "_id": "CPNG20230031",
    "title": "",
    "text": "Government regulation business. subject to national laws standards regulations Korea U. S. Taiwan China jurisdictions. laws central business interactions customers suppliers merchants. fair trade competition labor employment privacy data protection intellectual property consumer protection import export. regulations complex varying interpretations application judicial decisions."
}
{
    "_id": "CPNG20230032",
    "title": "",
    "text": "risk factors Part. Laws Regulation Intellectual Form 10-K."
}
{
    "_id": "CPNG20230034",
    "title": "",
    "text": "corporate website. aboutcoupang. investor relations. not incorporated part Form 10-K. relations reports Securities Exchange Commission corporate governance Code Business Conduct Ethics press releases."
}
{
    "_id": "CPNG20230036",
    "title": "",
    "text": "Measured fatalities. Coupang."
}
{
    "_id": "CPNG20230037",
    "title": "",
    "text": "annual 10-K quarterly 10-Q current 8-K proxy amendments Sections 13 14 15(d Securities Exchange Act 1934. SEC website. reports proxy statements Coupang issuers."
}
{
    "_id": "CPNG20230038",
    "title": "",
    "text": "announce business financial information investor relations website filings SEC webcasts press releases conference calls social media. communicate investors public company products issues. information material information. encourage investors review information."
}
{
    "_id": "CPNG20230040",
    "title": "",
    "text": "updates channels investor relations page. Coupang. Form 10-K"
}
{
    "_id": "CPNG20230042",
    "title": "",
    "text": "Investing Class A common stock high risk. consider risks uncertainties information Annual Report Form 10-K “Special Note Forward-Looking “Management’s Discussion Analysis Financial Condition Results consolidated financial statements notes before investment decision. risks uncertainties not. business financial condition results operations prospects affected factors companies globally. risks immaterial affect business financial condition results prospects price Class common stock investment."
}
{
    "_id": "CPNG20230063",
    "title": "",
    "text": "business faces risks. Farfetch’s business risks acquisition exposure risks. factors summary principal Class A common stock.risks described in “Risk Factors” section results operations fluctuate difficult predict below expectations manage growth workforce operations new business initiatives business evolving forgo short-term financial performance for long-term growth difficult to evaluate future prospects predict results revenue growth rate history of net losses generate revenues profitability lose services senior management team execute business strategy face intense competition could lose market share if pandemics affect business operations communities operations subject to Korean law Korean affiliates’ officers criminally liable for operations subject to fair trade labor employment workplace safety laws regulations affect operations financial performance costs penalties reputation •harm to Coupang brand brands marks reputation if manufacturers distributors use unethical illegal business practices counterfeit fraudulent products protocols inadequatesanctions penalties acquisition Farfetch creates risk to business financial condition results interruptions delays apps websites errors design faults limited capacity reduced demand processing delays loss customers suppliers merchants failure protect apps websites networks systems security confidential information reputation brand sanctions failure comply with privacy laws customer expectations reputation Coupang, Inc. Form rely on Coupang Pay payment processing. If services limited business expansion geographies challenges risks relations global conflicts affect economies demand dual class structure common stock voting control with. Bom Kim. transactions corporate governance."
}
{
    "_id": "CPNG20230065",
    "title": "",
    "text": "history net losses fiscal year may incur losses profitability affect business financial condition prospects."
}
{
    "_id": "CPNG20230066",
    "title": "",
    "text": "2023 net losses $. billion $(1. billion 2022 2021 deficit $(4. 4) billion December 31, 2023. profitability profitability. costs expenses increase affect results. intend spend increase customer base merchandise services marketing broaden operations develop fulfillment centers hire employees develop technology infrastructure. increased costs affect expenses. initiatives revenue new unproven failure affect business financial condition prospects."
}
{
    "_id": "CPNG20230067",
    "title": "",
    "text": "expect invest longer initiatives impact shorter-term results. expensive encounter technological development delays. face increased compliance costs growth expansion customer base. efforts grow business cost increase revenue expenses profitability."
}
{
    "_id": "CPNG20230068",
    "title": "",
    "text": "incur losses risks unforeseen expenses difficulties delays unknown events. achieve profitability value business price Class A common stock decline."
}
{
    "_id": "CPNG20230069",
    "title": "",
    "text": "limited history business future prospects revenue growth risks challenges."
}
{
    "_id": "CPNG20230070",
    "title": "",
    "text": "limited history evolving business difficult future prospects risks challenges. launched website 2010 mobile application 2011, business markets evolved. forecast future limited subject risks uncertainties growth. rely on financial performance future. factors contribute decline growth rate market saturation increased competition slowing demand global conditions difficulty capitalizing growth opportunities maturation. growth rate declines perceptions price share Class A common stock decline."
}
{
    "_id": "CPNG20230085",
    "title": "",
    "text": "consider business prospects risks uncertainties. include •attract new customers higher rates •retain customers motivate purchases •encourage expand categories merchandise services Coupang, Inc. Form 10-K##8 •retain expand network suppliers merchants •manage fulfillment logistics infrastructure deliver orders on time expectations •increase awareness brand protect reputation •respond changes Internet mobile devices challenges competitors •expand business geographies •avoid interruptions develop technology fulfillment infrastructure usage new features •hire integrate motivate retain qualified personnel."
}
{
    "_id": "CPNG20230086",
    "title": "",
    "text": "fail address risks uncertainties challenges “Risk Factors” business financial condition results affected."
}
{
    "_id": "CPNG20230087",
    "title": "",
    "text": "limited historical financial data business predictions future revenue expenses results may not accurate longer operating history rapidly evolving. encountered future risks uncertainties growing companies limited histories regulated industries fixed expenses. If assumptions incorrect results could differ from expectations business financial condition prospects affected. failure to predict revenue control expenses affect results price per share Class A common stock decline."
}
{
    "_id": "CPNG20230088",
    "title": "",
    "text": "experience fluctuations."
}
{
    "_id": "CPNG20230105",
    "title": "",
    "text": "revenue results may fluctuate reasons beyond control. include “Risk attract retain increase sales satisfy demands offer merchandise services terms manage inventory fulfill orders competitive stores apps websites services success growth expansion merchandise supplier returns fast free delivery value benefits affecting reputation brand image awareness operations future growth terms timing costs expansion upgrades infrastructure outcomes legal proceedings regulatory investigations damages relief liability sanctions fines suspensions revocations penalties technology content fulfillment temporary costs labor energy packing supplies not resale in laws regulations regulatory practices enforcement countries Coupang, Inc.Form 10-K##9 spyware viruses phishing spam denial service data theft intrusions outages disasters extreme catastrophic epidemics pandemics geopolitical issues terrorist attacks labor disputes macroeconomic conditions."
}
{
    "_id": "CPNG20230106",
    "title": "",
    "text": "Fluctuations revenues results operations expectations price Class A common stock decline. revenue growth growth rates decrease. revenue results depend on demand products economic business conditions. softening demand preferences weakening economies affect revenue growth rate business financial condition results prospects price Class A common stock."
}
{
    "_id": "CPNG20230108",
    "title": "",
    "text": "fail identify respond customer preferences spending patterns expand products obtain offer appropriate categories products relationship demand products services affected demand decrease affect business financial condition results prospects."
}
{
    "_id": "CPNG20230109",
    "title": "",
    "text": "future business performance depends on demand for goods services. popularity products apparel beauty food electronics vary to availability value seasonality societal trends. decline demand affect revenue. surge in demand inflate volume infrastructure throughput capacity. trends cause fluctuations in results. failure to identify consumer preferences spending patterns keep inventory grow Rocket WOW membership program obtain categories products affect relationship demand."
}
{
    "_id": "CPNG20230110",
    "title": "",
    "text": "ability identify manage sourcing relationships with stable suppliers acquire products timely cost-efficient critical business. changes failure sourcing relationships affect business financial condition results."
}
{
    "_id": "CPNG20230111",
    "title": "",
    "text": "offer customers private-label products apps websites. Selling private-label products subjects risks product liability recalls liability commercial relationships liability incidents failure protect intellectual property third parties harm to reputation brand image other risks private-label products."
}
{
    "_id": "CPNG20230112",
    "title": "",
    "text": "unable implement major strategic initiatives maintain improve market position affected."
}
{
    "_id": "CPNG20230118",
    "title": "",
    "text": "strategy market position initiatives brand expanding customer base high-quality merchandise services attractive prices customer satisfaction loyalty Rocket WOW membership product offerings apps websites developing personalization tools."
}
{
    "_id": "CPNG20230120",
    "title": "",
    "text": "implementing initiatives. unable implement maintain improve market position Coupang, Inc. ##2023 Form 10-K#"
}
{
    "_id": "CPNG20230121",
    "title": "",
    "text": "competitive position brand reputation affect business financial results."
}
{
    "_id": "CPNG20230122",
    "title": "",
    "text": "Farfetch risk business financial."
}
{
    "_id": "CPNG20230123",
    "title": "",
    "text": "December 18 2023 acquisition Farfetch Holdings luxury fashion."
}
{
    "_id": "CPNG20230124",
    "title": "",
    "text": "January 2024 completed acquisition Farfetch. entails risks disrupt plans benefits sales growth opportunities challenges operating unknown claims limited contractual remedies insurance coverage regulatory risks effect relationships suppliers customers boutiques competitors brand loss management focus businesses risks economic political market factors changes financial markets interest rates foreign exchange rates inflation governmental measures adverse effects market price securities operating results other risks filings SEC. Farfetch internal control financial reporting. risk deficiencies material weakness. annual report Form 20-F Farfetch material weakness internal control financial reporting."
}
{
    "_id": "CPNG20230125",
    "title": "",
    "text": "Farfetch investment expenses headcount executive resources ensure. incur accounting charges. credit facilities restrict invest difficult realize benefits. fail operate realize benefits failure adverse effects business financial condition results impairment charges."
}
{
    "_id": "CPNG20230126",
    "title": "",
    "text": "fail manage growth business financial results."
}
{
    "_id": "CPNG20230127",
    "title": "",
    "text": "experienced growth since expect strategic initiatives. growth management resources. manage growth implement operational plans strategies improve infrastructure train manage employee contractor base."
}
{
    "_id": "CPNG20230128",
    "title": "",
    "text": "years increased employee headcount growth business expect continue increase. growth integrate develop motivate new employees corporate culture. intend investments expand sales technology personnel challenging competition."
}
{
    "_id": "CPNG20230129",
    "title": "",
    "text": "growth expansion business merchandise services demands management employees. engagement produce apps websites communicate via email mobile communications text. growth may require resources increasing workforce not cost."
}
{
    "_id": "CPNG20230130",
    "title": "",
    "text": "manage retraction business. consumer preferences decisions discontinue investments. decisions require reorganize reassign employees. Korean law employment contracts not terminable unless “employer”. employment labor-related claims common. regulations other jurisdictions applicable. fail manage retractions reorganize employees goals employee morale productivity retention suffer business financial condition results operations."
}
{
    "_id": "CPNG20230132",
    "title": "",
    "text": "revenue depends payment. failure grow apps websites business revenue. Coupang, Inc. ##2023 Form 10-K"
}
{
    "_id": "CPNG20230133",
    "title": "",
    "text": "need relationships strategic partners websites online service providers third business. increased complexity managing execution problems revenue margins."
}
{
    "_id": "CPNG20230134",
    "title": "",
    "text": "current systems procedures personnel third relationships future operations. failure manage growth relationships affect business financial results."
}
{
    "_id": "CPNG20230135",
    "title": "",
    "text": "expansion fulfillment logistics infrastructure business financial results harmed."
}
{
    "_id": "CPNG20230136",
    "title": "",
    "text": "believe fulfillment logistics infrastructure vehicles proprietary technology essential success. operate Korea maintain United States Taiwan. developing infrastructure increase storage reduce delivery times improve workflow."
}
{
    "_id": "CPNG20230137",
    "title": "",
    "text": "expand operate fulfillment logistics infrastructure delays could experience excess insufficient capacity increase costs charges adverse impacts. end-to-end logistics infrastructure last-mile delivery key competitive advantage. delivery negatively affected introduction competitors legislation legal rulings regulation service business financial condition results operations affected."
}
{
    "_id": "CPNG20230138",
    "title": "",
    "text": "fulfillment logistics capacity problems fulfilling delivering orders customers delays harm reputation relationship."
}
{
    "_id": "CPNG20230139",
    "title": "",
    "text": "designed built purchased leased our fulfillment logistics infrastructure third-party delivery resources. specific needs business. If add capabilities new offerings change mix merchandise complex operating challenging. Failure to address challenges could purchases affect reputation business financial condition results operations."
}
{
    "_id": "CPNG20230140",
    "title": "",
    "text": "anticipate need fulfillment logistics capacity business. assure locate facilities acceptable terms expansion plans. secure facilities control expenses business financial condition results affected."
}
{
    "_id": "CPNG20230141",
    "title": "",
    "text": "grow faster exceed fulfillment logistics capacity problems fulfilling delivering orders customers delays purchases harm reputation relationship increase capital expenditures shorter demand financial resources require additional capital. risk factor require additional capital growth not available acceptable terms."
}
{
    "_id": "CPNG20230142",
    "title": "",
    "text": "expand fulfillment logistics capacity facilities recruit retain employees Coupang Flex partners Eats Delivery Partners workers no assurance facilities procure personnel. future delays increased costs pandemics endemics disasters extreme weather catastrophic events."
}
{
    "_id": "CPNG20230144",
    "title": "",
    "text": "expenses investments fulfillment logistics capacity fixed expansion additional. expect higher capital expenditures business. expenses investments expected sales may. factors affect business financial condition results. Coupang, Inc. Form 10-K##12"
}
{
    "_id": "CPNG20230145",
    "title": "",
    "text": "operate competitive industry current future competitors negative impact success business."
}
{
    "_id": "CPNG20230146",
    "title": "",
    "text": "industry operate competitive expect competition increase. compete with online offline companies traditional discount warehouses home-shopping. Internet mobile networks provide new competitive channels goods services. compete two markets attract customers merchants apps websites. Customers alternatives merchants channels. expect competition intensify. Online offline businesses compete competitors include resources large user communities-established brands. make pricing service marketing decisions acquisitions dissatisfaction reduce activity apps affect results."
}
{
    "_id": "CPNG20230147",
    "title": "",
    "text": "face increased competitive pressure online offline. competitive norm service retailers increased to improved customer experience ease lower shipping costs faster times favorable return policies. businesses may offer services. change offerings demands compete larger businesses business financial condition results affected."
}
{
    "_id": "CPNG20230148",
    "title": "",
    "text": "Competitors devote marketing aggressive pricing offline shopping websites mobile applications systems. faster efficiently new technologies increase pressures efficient lower-cost services."
}
{
    "_id": "CPNG20230149",
    "title": "",
    "text": "competitors control products services important including credit card interchange Internet search mobile operating systems. could better shopping experience apps websites change pricing availability terms service competitive offerings. unable operational changes face higher costs barriers lose customers business financial condition results."
}
{
    "_id": "CPNG20230150",
    "title": "",
    "text": "manufacturers may limit cease distribution online apps websites. contractual obligations government regulation prohibit retailers goods services. enforce minimum resale price maintenance arrangements prevent selling apps websites Internet drive prices competitive. policies laws regulations sales force merchants limit selling products apps websites affect loss market share value brand."
}
{
    "_id": "CPNG20230151",
    "title": "",
    "text": "competitors have competitive advantages longer histories experience better brand recognition popular locations greater negotiating leverage established supply relationships greater financial marketing resources. marketing brand name business improve infrastructure. inability address competitive pressures business financial condition results."
}
{
    "_id": "CPNG20230152",
    "title": "",
    "text": "dependent on management qualified personnel unable attract retain motivate employees business harmed."
}
{
    "_id": "CPNG20230154",
    "title": "",
    "text": "success depends services executive officers key management team employees. changes in management team employees from hiring departure. could terminate employment prior notice. loss of failure team to work execute strategy affect business financial condition results operations. Coupang, Inc. ##2023 Form 10-K##13"
}
{
    "_id": "CPNG20230155",
    "title": "",
    "text": "hire employees business operations expansion. future success depends on recruit train integrate motivate retain qualified personnel. industry high demand competition assure retain qualified staff employees objectives. efforts require time expense attention new hires require training time full productivity. focus developing motivating retaining best employees at-will employees may terminate. employees affected undue turnover."
}
{
    "_id": "CPNG20230156",
    "title": "",
    "text": "fail identify recruit integrate strategic personnel business financial condition results. loss senior management team key personnel delay business objectives harm customer relationships. invest cash equity attract retain employees realize returns. prospective employees consider value equity awards. perceived value declines affect recruit retain employees. retain motivate current personnel add retain employees achieve strategic objectives business financial condition results."
}
{
    "_id": "CPNG20230157",
    "title": "",
    "text": "culture critical success if maintain culture business."
}
{
    "_id": "CPNG20230158",
    "title": "",
    "text": "believe culture customer beginning end decision critical success. face challenges culture potential failure attract retain employees expansion geographies competitive pressures vision values integration new personnel businesses acquisitions acquisition Farfetch. culture business financial condition results affected."
}
{
    "_id": "CPNG20230159",
    "title": "",
    "text": "Health epidemics adverse business."
}
{
    "_id": "CPNG20230160",
    "title": "",
    "text": "business operations health epidemics impacting geographies communities suppliers."
}
{
    "_id": "CPNG20230161",
    "title": "",
    "text": "Health epidemics COVID-19 supply chain disruptions constraints logistics labor costs modification operations adjustments services technology responses."
}
{
    "_id": "CPNG20230170",
    "title": "",
    "text": "impact health epidemic depends on factors outside control including severity duration macroeconomic factors economic uncertainty unemployment inflation labor markets •unknown consequences on business performance investment pandemic impact governmental restrictions long-term impact •disruption volatility financial credit markets pace recovery."
}
{
    "_id": "CPNG20230171",
    "title": "",
    "text": "expansion geographies offerings increase expose challenges risks."
}
{
    "_id": "CPNG20230173",
    "title": "",
    "text": "expanded consumer electronics food grocery financial services private-label brands apparel streaming content travel export import Taiwan. Expansion risks investments. familiarity markets Coupang. Form 10-K"
}
{
    "_id": "CPNG20230174",
    "title": "",
    "text": "lack customer data new difficult anticipate demand preferences. misjudge demand profitability new market. difficult inspect quality handling storage delivery new. experience higher return rates complaints liability claims harm brand reputation results. need price aggressively market share new categories. difficult achieve profitability new categories profit margin lower affect business financial condition results. assure recoup investments new categories."
}
{
    "_id": "CPNG20230175",
    "title": "",
    "text": "harm brand affect business financial results."
}
{
    "_id": "CPNG20230176",
    "title": "",
    "text": "recognition brand customers merchants suppliers workforce contributed growth business. Maintaining critical business competitiveness. concerns labor employment disputes consumer protection safety supplier relationships environmental sustainability cybersecurity data security legal risks scrutiny. attention worker safety occupational health regulatory media scrutiny. changes services policies objections public customers suppliers merchants. customer dissatisfaction government inquiries harm brand reputation. social media negative brand events."
}
{
    "_id": "CPNG20230177",
    "title": "",
    "text": "perception non-authentic counterfeit defective goods sold apps websites satisfactory customer service damage reputation diminish value brand undermine trust. unable maintain reputation enhance brand recognition increase awareness apps websites products services difficult maintain grow customer base business financial condition results affected."
}
{
    "_id": "CPNG20230178",
    "title": "",
    "text": "subject risks sourcing manufacturing."
}
{
    "_id": "CPNG20230179",
    "title": "",
    "text": "sales on goods Korea. import operations subject to customs requirements. countries products may quotas duties tariffs restrictions imports modify restrictions. Changes in Korea China United States foreign policies impact business. Imports foreign currency variation increase cost sales. Adverse changes import costs restrictions failure harm business."
}
{
    "_id": "CPNG20230180",
    "title": "",
    "text": "operations subject international trade agreements regulations business setting quotas products imported."
}
{
    "_id": "CPNG20230181",
    "title": "",
    "text": "import products affected by conditions ports transportation warehousing capacity labor disputes severe weather increased security requirements Korea. delay alternative ports disruption. alternatives available higher costs business financial condition results operations."
}
{
    "_id": "CPNG20230183",
    "title": "",
    "text": "import goods impacted trade regulations future customs tariffs quotas maintain diverse deliver impact future revenue growth. Coupang, Inc. ##2023 Form 10-K"
}
{
    "_id": "CPNG20230184",
    "title": "",
    "text": "operate changing industry business model difficult evaluate business prospects. innovate fail adapt changes business financial condition results affected."
}
{
    "_id": "CPNG20230185",
    "title": "",
    "text": "retail industry changing regulatory standards shifting consumer demands. business model evaluating products services. future results uncertain risks growth. changing technology artificial mobile applications products services media entertainment content user-generated changing consumer demands trends. competitors developing personalized search online shopping marketing communications social networking entertainment logistics services. financial performance depends retail trends anticipate customer preferences seasonal trends spending."
}
{
    "_id": "CPNG20230186",
    "title": "",
    "text": "invest resources in technology infrastructure research development enhance business operations explore new growth strategies geographies introduce-quality products services. If offer new merchandise services not accepted make fewer sales revenue fall short brand reputation incur expenses not offset by revenue. investments in new categories markets future revenue. If launch new category geography requires investment attract suppliers merchants merchandise revenue grows slowly lower profit results impacted. Expansion strain management operational resources. face competition retailers. difficult differentiate customers considerations. profitability of new lower generate sufficient revenue recoup investments."
}
{
    "_id": "CPNG20230187",
    "title": "",
    "text": "investments in innovations technologies increase competitiveness generate financial returns adopting technologies. by regulatory scrutiny. changes industry re-evaluate business model adopt changes long-term strategies plans."
}
{
    "_id": "CPNG20230188",
    "title": "",
    "text": "encountered past future risks uncertainties growing companies evolving industries increasing regulation. assumptions business incorrect change address results operations differ expectations business financial condition results affected."
}
{
    "_id": "CPNG20230189",
    "title": "",
    "text": "failure to innovate adapt changes effect business financial condition results. innovate may fail realize benefits reduced revenue."
}
{
    "_id": "CPNG20230190",
    "title": "",
    "text": "fail retain suppliers add new supply high-quality compliant merchandise timely business financial condition results affected."
}
{
    "_id": "CPNG20230191",
    "title": "",
    "text": "depend attract retain merchants high-quality attractive prices keep engaged apps websites. attract retain suppliers owned-inventory selection. continue attract retain increase revenue achieve profitability."
}
{
    "_id": "CPNG20230193",
    "title": "",
    "text": "experience supplier merchant attrition decrease volume selection merchandise loss customers competitors. new suppliers purchase merchandise quantities alternative lesser quality expensive. new merchants not offer same selection value. disputes with suppliers merchants quality control policies penalties cause cease business. complaints negative impact brand reputation. Coupang, Inc. ##2023 Form 10-K##16"
}
{
    "_id": "CPNG20230194",
    "title": "",
    "text": "supplier merchant attrition attract new revenue results. inability purchase merchandise source new suppliers business financial condition results operations."
}
{
    "_id": "CPNG20230195",
    "title": "",
    "text": "increase revenue impact."
}
{
    "_id": "CPNG20230196",
    "title": "",
    "text": "advertising revenue depends on effective tools for advertisers. New advertising formats impact customer satisfaction sales. advertising market new concepts technology incur additional costs products tools. time resources investment. changes to advertising policies data privacy practices other privacy practices affect advertising harm business. If products tools not received by revenue sales affected."
}
{
    "_id": "CPNG20230197",
    "title": "",
    "text": "Inventory risks affect."
}
{
    "_id": "CPNG20230198",
    "title": "",
    "text": "exposed to inventory risks affect seasonality new launches cycles pricing defective products demand spending tastes spoilage shrinkage. predict trends overstocking understocking lower sales missed opportunities markdowns business. new product difficult selection forecast demand inventory risk effect business financial condition."
}
{
    "_id": "CPNG20230199",
    "title": "",
    "text": "seasonality quarterly results strain."
}
{
    "_id": "CPNG20230200",
    "title": "",
    "text": "experienced seasonal fluctuations higher Chuseok Lunar New Year Christmas. holidays lunar sales quarterly. expect seasonal trends results variable. difficult predict fluctuations revenue. Analysis Financial Condition Results Operations. failure stock products fulfillment logistics capacity affect results. overstock inventory markdowns-offs commitment costs lower margins higher labor costs financial performance."
}
{
    "_id": "CPNG20230201",
    "title": "",
    "text": "fulfillment costs promotions split-shipments changes arrangements delivery high order volume."
}
{
    "_id": "CPNG20230202",
    "title": "",
    "text": "many customers access apps websites increased demand experience interruptions unavailable prevent orders reduce volume goods results. staff fulfillment logistics network delivery partners customer service centers during peak periods impact seasonal peak demand. Risks fulfillment logistics infrastructure expansion business financial condition results. magnified holiday seasons."
}
{
    "_id": "CPNG20230203",
    "title": "",
    "text": "expand operations new geographies present challenges affect business."
}
{
    "_id": "CPNG20230205",
    "title": "",
    "text": "December 31, 2023 operations United States South Korea Taiwan Singapore China Japan India. expand operations geographies Farfetch Acquisition January 30, 2024 operations Europe Middle East. expansions risks challenges affect business. expansion global luxury goods space Farfetch management resources local cultures business practices laws regulations policies. difficult customer demand. companies not benefit first-to-market advantages. generating revenue business financial condition results affected. Coupang, Inc. ##2023 Form 10-K##17"
}
{
    "_id": "CPNG20230206",
    "title": "",
    "text": "Acquisitions investments partnerships alliances divert disrupt dilute value affect financial results."
}
{
    "_id": "CPNG20230215",
    "title": "",
    "text": "success expand products grow business changing technologies customer demands competitive pressures. complementary businesses organic growth. acquisition candidates difficult time-consuming costly complete acquisitions. completed acquisition Farfetch integrate acquired business.face risks acquisitions acquisition affect financial condition incur charges assume debt liabilities cause adverse tax consequences unfavorable accounting treatment to claims disputes generate financial return costs expenses encounter difficulties unforeseen expenditures integrating business technologies data security products personnel accounting operations company key personnel work disrupt business divert resources increase expenses distract management customer purchases due uncertainty service encounter difficulties selling utilizing acquired products services use cash for acquisitions uses incur debt restrictions financial maintenance covenants issue equity securities stockholders earnings per share decrease losses per increase."
}
{
    "_id": "CPNG20230216",
    "title": "",
    "text": "risks adverse effect business financial condition results."
}
{
    "_id": "CPNG20230217",
    "title": "",
    "text": "business depends online commerce acceptance customers."
}
{
    "_id": "CPNG20230218",
    "title": "",
    "text": "Online commerce developing. future revenue depends on customers suppliers merchants advertisers accepting Internet financial transactions. grow customer base suppliers must new mobile devices. service interruptions prevent apps orders discourage customers harm. no control over costs telecommunications operators. business depends on network mobile infrastructure data center providers technology. interruptions delays errors design faults limited capacity reduced demand processing delays loss of customers suppliers."
}
{
    "_id": "CPNG20230219",
    "title": "",
    "text": "Acceptance use Internet critical growth challenges business financial condition results operations."
}
{
    "_id": "CPNG20230220",
    "title": "",
    "text": "mobile solutions apps websites marketplaces decline."
}
{
    "_id": "CPNG20230222",
    "title": "",
    "text": "Purchases mobile devices increased. suppliers merchants mobile apps websites. unable deliver rewarding experience business suffer. Coupang, Inc. ##2023 Form 10-K##18"
}
{
    "_id": "CPNG20230223",
    "title": "",
    "text": "new devices operating systems problems developing supporting applications. supporting devices time."
}
{
    "_id": "CPNG20230228",
    "title": "",
    "text": "success mobile applications harmed by factors outside control •actions by providers download stores •unfavorable treatment •increased costs •changes in operating systems degrade functionality preferential treatment to competitive products."
}
{
    "_id": "CPNG20230229",
    "title": "",
    "text": "merchants customers difficulty accessing using apps websites not business financial condition results operations affected."
}
{
    "_id": "CPNG20230230",
    "title": "",
    "text": "Failure fraudulent activities apps losses harm business diminish customer confidence."
}
{
    "_id": "CPNG20230231",
    "title": "",
    "text": "face risks fraudulent activities apps websites receive complaints customers goods fraudulent merchants payment manufacturers intellectual property infringed."
}
{
    "_id": "CPNG20230232",
    "title": "",
    "text": "implemented measures detect fraudulent activities combat bad experiences increase satisfaction reporting higher-risk activities evaluating merchants history restricting suspending assure fraudulent transactions satisfaction. need evolve fraudulent activities. failure loss trust. additional measures affect offerings create friction experience."
}
{
    "_id": "CPNG20230233",
    "title": "",
    "text": "rely Coupang Pay payment processing business. services limited restricted curtailed degraded unavailable business affected."
}
{
    "_id": "CPNG20230234",
    "title": "",
    "text": "Coupang Pay digital provides convenient payment processing. services critical to business. rely on convenience ease use. If quality declines attractiveness."
}
{
    "_id": "CPNG20230243",
    "title": "",
    "text": "Coupang Pay subject to risks affect payment processing services including •dissatisfaction with services lower use •increasing competition •changes to rules payment systems •breach of privacy negative publicity liability •service outages system failures failure to scale transaction volumes •increasing costs fees revenue •negative news media coverage Coupang Pay data security privacy •failure to manage customer funds loss to fraud security breaches technical errors."
}
{
    "_id": "CPNG20230245",
    "title": "",
    "text": "Coupang services regulated. laws rules regulations online mobile payment services. expands international legal risks Coupang, Inc. ##2023 Form 10-K#19"
}
{
    "_id": "CPNG20230246",
    "title": "",
    "text": ". failure Coupang Pay comply with laws regulations orders fines penalties lawsuits compliance licensure requirements lose licenses increase regulatory scrutiny divert time attention restrict operations friction force changes practices remediation delay transactions product launches improvements. harm reputation damage brands business affect results financial condition."
}
{
    "_id": "CPNG20230247",
    "title": "",
    "text": "food energy labor costs affect."
}
{
    "_id": "CPNG20230248",
    "title": "",
    "text": "inflation food costs labor benefit rental costs energy costs increased operating costs suppliers independent contractors. factors affecting suppliers contractors beyond control. increased costs cause less time seek alternative sources income. pass costs prices order volume cease operations."
}
{
    "_id": "CPNG20230249",
    "title": "",
    "text": "rely merchants experience."
}
{
    "_id": "CPNG20230250",
    "title": "",
    "text": "marketplace provides small medium-sized access Korea. products convenience business opportunity. policies protect merchants customers. control merchants third. merchants provide fulfillment delivery orders."
}
{
    "_id": "CPNG20230251",
    "title": "",
    "text": "small customers complain experience merchants. customers report received items purchased not represented questions. customer service resources process complaints guarantee resolve all concerns. identify merchants unable fulfill orders expectations."
}
{
    "_id": "CPNG20230252",
    "title": "",
    "text": "Negative publicity complaints enforcement action against merchants could reduce attract retain damage reputation. perception responsiveness support inadequate results. reimburse customers recover funds. focus enhancing customer service efforts may unsuccessful disappointed not return."
}
{
    "_id": "CPNG20230253",
    "title": "",
    "text": "processing orders delivery harm merchants. Service interruptions delivery delays caused by beyond control transportation disruptions natural disasters inclement weather terrorism health crises political unrest. disruptions negative experiences harm reputation brand. negative experience business financial condition results affected."
}
{
    "_id": "CPNG20230254",
    "title": "",
    "text": "program increase expenses."
}
{
    "_id": "CPNG20230256",
    "title": "",
    "text": "customer satisfaction program protects from fraudulent transactions items ordered different descriptions. risk loss specific to customers transactions impacted by modifications regulatory requirements. Increases expenses changes impact business. Coupang, Inc. Form 10-K"
}
{
    "_id": "CPNG20230257",
    "title": "",
    "text": "subject to payment-related risks processors unwilling provide services impose onerous requirements increase fees business financial condition results affected."
}
{
    "_id": "CPNG20230258",
    "title": "",
    "text": "accept payments including credit debit cards money transfers Coupang Pay. certain pay bank interchange fees. fees increase operating costs affect results. use third parties payment processing services. business if unwilling provide services. subject to payment card association rules certification requirements rules electronic funds transfers. fail subject to fines transaction fees lose ability accept credit card payments online payments business harmed. payment gateways indemnify liability fraudulent transactions excessive right accept credit cards. business financial condition results."
}
{
    "_id": "CPNG20230259",
    "title": "",
    "text": "business mobile infrastructure providers technology. interruptions delays apps errors faults capacity reduced demand delays loss customers suppliers merchants."
}
{
    "_id": "CPNG20230260",
    "title": "",
    "text": "key strategy generate high volume traffic on apps websites. reputation customers dependent upon reliable performance apps websites network infrastructure. customer base information grow need increasing network capacity computing power. spent expect on data centers equipment network infrastructure traffic. operation complex could result in operational failures. traffic exceeds capacity network infrastructure customer base grows may incur additional costs network infrastructure. Interruptions delays due to failures viruses break-ins errors design faults could affect security availability apps websites prevent. sustained performance issues reduce attractiveness products services. costs complexities expanding upgrading systems may prevent meeting demand. reduce customer satisfaction."
}
{
    "_id": "CPNG20230261",
    "title": "",
    "text": "depend on development maintenance Internet mobile infrastructure. includes reliable speed data capacity security development complementary products. use rely services third parties telecommunications credit card processors outages interruptions. Failures telecommunications interrupt phone support denial-of-service attacks prevent apps websites. third-party credit card processors process online payments orders. business financial condition results affected if Internet telecommunications infrastructure compromised."
}
{
    "_id": "CPNG20230263",
    "title": "",
    "text": "offer products apps websites centers Amazon Web Services cloud infrastructure. rely Internet depend operation Internet servers hardware software network infrastructure. operations protecting virtual cloud infrastructure AWS configuration interconnection specifications information third-party. no physical access control services AWS switch. AWS service disruption damage reputation liability customers harm business. incur costs switching alternative cloud services. Damage interruptions harm business. negative publicity reputation impact use apps websites. Coupang, Inc. ##2023 Form 10-K#21"
}
{
    "_id": "CPNG20230264",
    "title": "",
    "text": "AWS enables us access service offerings varying amounts sizes across multiple regions. provides cloud infrastructure services agreement until terminated. terminate agreement two years’ notice. 30 days’ notice subject to escalation notice if material breach agreement uncured 30 days use security risk third party impacting AWS’ systems subjecting affiliates liability not cured AWS use policy licensing terms restrictions fail resolve dispute payment fees disputed amount not paid within escalation period AWS must efforts complete dispute resolution before terminating agreement comply with law orders. AWS may discontinue service offering 12 months’ prior notice not obligated notice if discontinuation necessary address emergency threat security integrity respond claims loss license rights property comply with law requests government entity.AWS agrees discontinuation us not other customers. Termination suspension AWS agreement service harm access data centers host apps websites similar terms AWS."
}
{
    "_id": "CPNG20230265",
    "title": "",
    "text": "rely on e-mail bandwidth Internet mobile networks apps websites. damage failure third-party centers providers apps. lose data miss order deadlines decreased sales overhead costs excess inventory product shortages. arrangements with data centers providers terminated affect business financial condition results. little control over providers increases vulnerability to problems. additional expense new facilities technology services support. failure centers capacity requirements apps websites."
}
{
    "_id": "CPNG20230266",
    "title": "",
    "text": "performance reliability availability apps websites systems technology infrastructure critical to reputation customers service. revenue depends on customers apps volume orders. Unavailability reduced order fulfillment sold affect perception brand. slowdown failure apps technology infrastructure harm business reputation."
}
{
    "_id": "CPNG20230267",
    "title": "",
    "text": "disaster power loss telecommunications failure data loss computer virus terrorism cyberattack vandalism sabotage war close third-party data centers facilities without notice interruptions apps websites. disaster pandemic blackout Internet connection slowdown delay operations."
}
{
    "_id": "CPNG20230269",
    "title": "",
    "text": "hardware data servers offsite data center equipment headquarters. infrastructure systems vulnerable damage war floods fires power loss telecommunications failures human error. limited disaster recovery arrangements preparations third data centers. disaster recovery data redundancy plans inadequate business interruption insurance losses. business financial condition results affected. Coupang, Inc. Form 10-K"
}
{
    "_id": "CPNG20230270",
    "title": "",
    "text": "business catastrophic."
}
{
    "_id": "CPNG20230271",
    "title": "",
    "text": "business infrastructure vulnerable to damage catastrophic occurrences earthquakes floods fires extreme weather power loss telecommunication failures criminal acts sabotage violence vandalism misconduct war civil unrest terrorist attacks geopolitical events disease pandemics. June 2021 fire at Deokpyeong fulfillment center damage delayed delivery. Korean corporate offices data centers seismic activity. disaster problems cloud providers disruptions outages performance quality problems. plans business disaster business."
}
{
    "_id": "CPNG20230272",
    "title": "",
    "text": "frequency intensity weather climate change likelihood disasters damage business interruption. long-term impacts change physical transition regulatory costs widespread unpredictable. impacts physical temperature changes heating cooling costs extreme weather production flooding storms buildings inventory. transition risks energy commodity prices macroeconomic consumer spending confidence perception regulatory requirements higher compliance risk operational costs increased insurance costs."
}
{
    "_id": "CPNG20230273",
    "title": "",
    "text": "require capital growth business not available acceptable terms."
}
{
    "_id": "CPNG20230274",
    "title": "",
    "text": "funded operations since through equity debt financings revenue business. operations cash operations growth. intend continue investments development apps websites expansion commercial offerings require additional funds. need funding for marketing expenses sales resources features marketplace improve infrastructure acquire businesses technologies. need future equity debt financings. Additional financing available terms favorable. financing ability develop apps websites growth financial condition results."
}
{
    "_id": "CPNG20230275",
    "title": "",
    "text": "additional debt future restrict conduct operations. raise capital additional equity securities rights senior Class A common stock. decision capital considerations control predict estimate timing future debt equity financings terms."
}
{
    "_id": "CPNG20230276",
    "title": "",
    "text": "face risks."
}
{
    "_id": "CPNG20230277",
    "title": "",
    "text": "investment policies strategies short long-term investments. include obligations certificates deposit banks funds government securities. subject market interest rate credit liquidity risks market volatility. not insured against loss principal. redeem less than par value. decline value delay suspension operations liquidity financial condition."
}
{
    "_id": "CPNG20230278",
    "title": "",
    "text": "credit agreements affect flexibility."
}
{
    "_id": "CPNG20230285",
    "title": "",
    "text": "party senior unsecured credit facility credit agreements. limit debt investments restricted payments prepayments indebtedness Coupang,. Form 10-K liens fundamental changes dispositions equity interests."
}
{
    "_id": "CPNG20230286",
    "title": "",
    "text": "revolving credit facility contains covenants financial ratios. provisions affect future financing business opportunities flexibility. restrictions affect business financial condition results. failure default lenders declare outstanding principal debt interest due payable. payment amounts accelerated assets insufficient repay stockholders experience loss investment. see “Management’s Discussion Analysis of Financial Condition Results Operations—Liquidity Capital Resources."
}
{
    "_id": "CPNG20230287",
    "title": "",
    "text": "material weaknesses reported financial reporting remediated if fail manage future weaknesses could misstatement financial statements."
}
{
    "_id": "CPNG20230288",
    "title": "",
    "text": "material weakness is in internal control financial reporting possibility misstatement financial statements prevented. need additional measures including system migration automation measures controls eliminate deficiencies. changes may distract officers employees require expenditures. If future weaknesses controls correct timely ability to record process summarize report financial information accurately periods U. S. Securities and Exchange Commission affected. failure investors confidence in financial reports market price Class A common stock to litigation investigations by New York Stock Exchange SEC Korean authorities regulatory authorities additional financial management resources affect business results."
}
{
    "_id": "CPNG20230289",
    "title": "",
    "text": "public reporting company subject to rules SEC NYSE financial reporting. complete improvements timely effective affect investor confidence price per share Class A common stock decline."
}
{
    "_id": "CPNG20230291",
    "title": "",
    "text": "public reporting company subject to rules regulations by SEC NYSE. rules require establish evaluate procedures internal control over financial reporting. Reporting obligations on financial management systems processes controls personnel. required to document test internal control Section 404 Sarbanes-Oxley Act management. independent accounting firm required attestation report on. If remediate deficiencies weaknesses subject to regulatory scrutiny loss public confidence reputation price Class A common stock could decline. if maintain adequate financial management personnel processes controls manage business report financial performance could decline. Coupang, Inc. ##2023 Form 10-K##24"
}
{
    "_id": "CPNG20230292",
    "title": "",
    "text": "public company strain resources divert attention affect board members."
}
{
    "_id": "CPNG20230293",
    "title": "",
    "text": "public company subject to reporting Exchange Act corporate governance NYSE securities rules regulations. increase legal accounting financial compliance costs activities difficult time-consuming costly personnel systems resources. Exchange Act requires annual quarterly current reports business. complexity attention affect business financial condition results."
}
{
    "_id": "CPNG20230294",
    "title": "",
    "text": "need hire more employees engage consultants increase operating expenses. changing laws regulations standards corporate governance public disclosure uncertainty compliance costs activities time-consuming. laws varying interpretations specificity application evolve. uncertainty higher costs disclosure governance. invested resources evolving laws regulations standards increased expenses diversion time from business to compliance."
}
{
    "_id": "CPNG20230295",
    "title": "",
    "text": "changes legal landscape intend continue innovating expand new opportunities. present legal risks. new laws regulations standards differ regulatory initiate legal proceedings business harmed."
}
{
    "_id": "CPNG20230296",
    "title": "",
    "text": "disclosure obligations public company business financial condition visible increased risk of litigation competitors third parties. If claims successful business financial condition results if time resources divert resources management affect business financial results. public company subject to heightened governmental scrutiny exacerbate risks."
}
{
    "_id": "CPNG20230298",
    "title": "",
    "text": "unable recruit train retain labor costs business affected."
}
{
    "_id": "CPNG20230299",
    "title": "",
    "text": "future success recruit train retain qualified personnel technical marketing infrastructure back office operational. industry high demand competition assurance attract qualified skilled employees strategic objectives."
}
{
    "_id": "CPNG20230300",
    "title": "",
    "text": "fulfillment infrastructure requires workers positions higher average turnover. shortages labor supply increase labor costs difficult hire deploy. Failure hire retain fulfillment delivery personnel support underperformance disruption. Labor costs Korea increased heightened scrutiny workplace conditions. adjust operations economic conditions political climate business needs. adjustments not challenges improve financial performance."
}
{
    "_id": "CPNG20230301",
    "title": "",
    "text": "failure infrastructure risks affect financial conditions operations."
}
{
    "_id": "CPNG20230302",
    "title": "",
    "text": "subject fair trade labor employment health safety laws Korea operations financial performance."
}
{
    "_id": "CPNG20230304",
    "title": "",
    "text": "workforce thousands contractors. subject laws labor employment hire employ manage train jurisdictions Korea. Coupang. Form 10-K"
}
{
    "_id": "CPNG20230305",
    "title": "",
    "text": "inspections disputes litigation labor employment laws."
}
{
    "_id": "CPNG20230306",
    "title": "",
    "text": "laws operations adopted future. impact new laws failure affect business financial condition results."
}
{
    "_id": "CPNG20230307",
    "title": "",
    "text": "Union business."
}
{
    "_id": "CPNG20230308",
    "title": "",
    "text": "Constitution Korea provides rights collective bargaining action. workforce unions negotiating bargaining agreements. Unionization partners strikes work stoppages slowdowns business financial."
}
{
    "_id": "CPNG20230309",
    "title": "",
    "text": "business accident health disruption."
}
{
    "_id": "CPNG20230310",
    "title": "",
    "text": "fulfillment logistics processes last mile delivery regulation. Korean laws safety health obligations employer. Breach penalties criminal sanctions fines corrective orders. Korean Ministry Employment Labor work suspension machinery harmful conditions. breach civil liability. norms safe workplace illness accidents discontent."
}
{
    "_id": "CPNG20230311",
    "title": "",
    "text": "maintain liability insurance consistent with industry practice coverage all claims losses accident safety incident delivery. June 2021 fire at Deokpyeong fulfillment center damage write-off 2021. business impacted delay delivery compensation damages. negative publicity workforce safety business prospects financial condition results."
}
{
    "_id": "CPNG20230313",
    "title": "",
    "text": "special risks investing Korean companies restrictions government accounting corporate disclosure standards criminal liability officers affiliates."
}
{
    "_id": "CPNG20230314",
    "title": "",
    "text": "subsidiary Coupang Corp. Korean. operate business cultural environment different. Foreign Exchange Transaction Act Korea government emergency circumstances disturbance investors approval Minister of Economy Finance capital markets transaction repatriating interest dividends sales proceeds Korean securities transactions. investors hold shares Class A common stock Coupang Corp. adverse risks impact business prospects financial condition results decline price per share."
}
{
    "_id": "CPNG20230315",
    "title": "",
    "text": "subsidiaries Korea financial filing. subject disclosure regulators filings local standards. standards differ. GAAP."
}
{
    "_id": "CPNG20230316",
    "title": "",
    "text": "Korean law executive officers liable for actions. complaints intellectual property breaches Korean laws. product-related claims investigated prosecuted as criminal offenses company executive officers defendants. risks change over time."
}
{
    "_id": "CPNG20230318",
    "title": "",
    "text": "risks Korean affiliates’ executive officers named may criminal investigations. Korea executive officers named common no liability. If officers named criminal proceedings liable business financial condition results harmed. Coupang, Inc. ##2023 Form 10-K##26"
}
{
    "_id": "CPNG20230319",
    "title": "",
    "text": "Coupang. transactions subsidiaries Korean."
}
{
    "_id": "CPNG20230320",
    "title": "",
    "text": "Coupang Corp. enters business relationships with subsidiaries affiliates Korean Fair Trade Commission undue financial support. fair trade laws administrative criminal fine surcharge actions adverse effect on business financial condition results operations."
}
{
    "_id": "CPNG20230321",
    "title": "",
    "text": "Korean subsidiary Coupang Corp. Korean law disclosures corporate governance requirements."
}
{
    "_id": "CPNG20230322",
    "title": "",
    "text": "Korean subsidiary Coupang Corp. companies designated business group oversight restrictions Korean Monopoly Regulation Fair Trade Act. designation corporate governance public disclosure requirements subsidiary entities executives. create costs compliance regulatory scrutiny risk penalties."
}
{
    "_id": "CPNG20230323",
    "title": "",
    "text": "Coupang Corp. subject requirements restrictions Korean law act stockholders’ interest."
}
{
    "_id": "CPNG20230324",
    "title": "",
    "text": "Korean law directors company Coupang Corp. fiduciary duty company stockholders. obligates directors duties for good company. if Coupang Corp. with Coupang, Inc. stockholders. act interest Coupang, Inc. stockholders. providing guarantees collateral Coupang. favor. without justifiable cause breach fiduciary duty."
}
{
    "_id": "CPNG20230325",
    "title": "",
    "text": "Approval board Korean company required for transactions between director major stockholder company. intercompany transactions between us Coupang Corp. Korean subsidiary could arise directors act interest competing interests. operations conducted by Coupang Corp. occurrence. could affect business financial condition results."
}
{
    "_id": "CPNG20230326",
    "title": "",
    "text": "Coupang. transactions Korean tax adverse consequences."
}
{
    "_id": "CPNG20230327",
    "title": "",
    "text": "Korean tax law risk Coupang Corp. transactions with subsidiaries affiliates related challenged by authorities not arm’s-length basis. If determine transactions arm’s-length terms deduct include taxable income undue financial support adverse tax consequences affect business financial condition results operations."
}
{
    "_id": "CPNG20230328",
    "title": "",
    "text": "regulating copyright patent Infringement Korean scrutiny sanctions fines affect business operations."
}
{
    "_id": "CPNG20230330",
    "title": "",
    "text": "Korean government copyright patent infringement luxury brand merchandise. measures sanctions fines affect business. Coupang, Inc. Form 10-K#27"
}
{
    "_id": "CPNG20230331",
    "title": "",
    "text": "business affected Korean economy uncertainties spending patterns customers."
}
{
    "_id": "CPNG20230332",
    "title": "",
    "text": "generated majority revenue from sales in Korea. future performance on economic growth. Adverse developments customer spending revenue growth. economic indicators shown mixed growth uncertainty tied to global economy. adverse volatility financial markets oil commodity prices inflationary pressures interest rates war conflicts terrorism disease outbreaks affected economy. liquidity credit concerns volatility value KRW USD stock prices fluctuated. declines Korea Composite Stock Price Index sales securities by foreign investors repatriation affect value KRW foreign currency reserves companies raise capital. future deterioration affect business financial condition results."
}
{
    "_id": "CPNG20230357",
    "title": "",
    "text": "developments impact economy include •declines customer confidence consumer disposable income slowdown spending higher unemployment •adverse conditions important export markets Taiwan China United States Europe Japan emerging market economies deteriorating trade relations uncertainties exit European Union foreign currency reserve commodity prices exchange rates interest rates inflation stock markets •increased sovereign default risk adverse effects global financial markets •investigations Korean business groups misconduct rise household debt delinquencies credit defaults retail emergence Chinese economy relocation manufacturing slowdown growth economy impact free trade agreements labor unrest changes prices Korean real estate decrease tax revenue increase expenditures fiscal stimulus unemployment compensation programs increased budget deficit •financial problems restructuring Korean conglomerates companies suppliers •loss investor confidencecorporate accounting governance issues Korean conglomerates social expenditures aging population economic productivity declining population war geopolitical uncertainty risk attacks severe health epidemics economic diplomatic relations partners allies territorial trade disputes Coupang, Inc. ##2023 Form 10-K##28 •political uncertainty strife tensions oil Middle East North Africa disruption global supply oil increase price North Korea United States tensions Russia adverse effects global supply oil financial markets disasters impact trading partners financial regulations."
}
{
    "_id": "CPNG20230358",
    "title": "",
    "text": "exchange rates currency losses."
}
{
    "_id": "CPNG20230359",
    "title": "",
    "text": "value KRW currencies USD fluctuated affected political economic conditions. difficult predict market forces. government policy interest rate increases Federal exchange rate."
}
{
    "_id": "CPNG20230360",
    "title": "",
    "text": "revenue costs in KRW Chinese Renminbi financial assets in KRW debt in USD. holding company receive dividends loans distributions on equity subsidiaries in Korea. fluctuations in value KRW affect liquidity cash flows. depreciation KRW against USD cost fuel equipment cost servicing debt. significant depreciation KRW against USD results operations. convert KRW into USD for repaying USD debt stock repurchases dividends depreciation negative USD amount. USD into KRW appreciation KRW USD adverse KRW amount."
}
{
    "_id": "CPNG20230361",
    "title": "",
    "text": "North Korea business financial results price Class A stock."
}
{
    "_id": "CPNG20230362",
    "title": "",
    "text": "Relations North fluctuated. Tension increase events. heightened security concerns North nuclear ballistic missile programs hostile military actions."
}
{
    "_id": "CPNG20230363",
    "title": "",
    "text": "economy faces challenges pressures. Since April 2018 held bilateral meetings peace denuclearization peninsula. resumed missile testing tensions outlook uncertain."
}
{
    "_id": "CPNG20230364",
    "title": "",
    "text": "tensions North Korean leadership crisis military hostilities. reconciliatory efforts peace talks alleviation sanctions reunification. assure future negotiations agreement North nuclear program tensions. increase tension military hostilities affect business financial condition results decline price Class A common stock."
}
{
    "_id": "CPNG20230365",
    "title": "",
    "text": "proposals risks litigation regulation."
}
{
    "_id": "CPNG20230366",
    "title": "",
    "text": "subject to changing laws regulations including Korea. KFTC new industries online platform companies. regulations apply Company. additional regulations retail online technology business financial condition results."
}
{
    "_id": "CPNG20230368",
    "title": "",
    "text": "regulations consumer online shopping. Implementation business Coupang, Inc. Form 10-K#29"
}
{
    "_id": "CPNG20230369",
    "title": "",
    "text": "Act Punishment Serious Accidents. effective 2022. imposes enhanced liability criminal businesses managers individuals loss life workplace safety health risk prevention. criminal punishment public disclosure monetary damages damages five times damages. extends liability safety health general managers."
}
{
    "_id": "CPNG20230370",
    "title": "",
    "text": "examples business changing regulations. proposals Korean subsidiary Coupang Corp. costs management time focus core business. affect business financial condition results operations."
}
{
    "_id": "CPNG20230371",
    "title": "",
    "text": "Coupang. incorporated enforce judgments outside."
}
{
    "_id": "CPNG20230372",
    "title": "",
    "text": "Coupang Corp. incorporated Korea directors executive officers reside majority assets personal assets Korea. difficult for investors process United States enforce judgments U. S. civil liability federal state securities laws outside Korea. doubt enforceability in Korean courts. civil liabilities federal state securities laws."
}
{
    "_id": "CPNG20230374",
    "title": "",
    "text": "delivery Coupang Eats Rocket Fresh liability illnesses."
}
{
    "_id": "CPNG20230375",
    "title": "",
    "text": "Coupang Eats delivers food independent restaurants Rocket Fresh delivers fresh food. ready-to-eat fresh food presents risks food freshness cleanliness quality. food-borne illnesses impact reputation results. Food-borne illnesses food safety issues occurred global food could occur future. customer preferences by health concerns food Rocket Fresh. negative report demand decreased orders. decrease business financial condition results operations."
}
{
    "_id": "CPNG20230376",
    "title": "",
    "text": "reliance on third-party food increases risk food-borne illness outside control. If customers ill could suspend Coupang Rocket Fresh businesses. food contamination to additional regulations."
}
{
    "_id": "CPNG20230377",
    "title": "",
    "text": "delivery logistics partners exposes potential liability expenses legal claims business financial condition results operations."
}
{
    "_id": "CPNG20230378",
    "title": "",
    "text": "face risks delivery services. use independent delivery partners food packages. Coupang Flex contracted Delivery Providers. Coupang Eats delivers food independent restaurants. Third parties assert claims safety incidents. Orders Rocket Delivery Coupang Eats delivered by drivers motor vehicles. may."
}
{
    "_id": "CPNG20230380",
    "title": "",
    "text": "independent delivery partners contractors choose provide services at days times convenient free to hold jobs provide vehicle decide no long-term commitment. if classification challenged costs defending could material to business. reclassification change business model Coupang Eats service business financial condition results operations. Coupang, Inc. ##2023 Form 10-K##30"
}
{
    "_id": "CPNG20230381",
    "title": "",
    "text": "incurred expenses legal claims. frequency unpredictable. experience diversion management result costs investigate defend. claims affect business financial condition results."
}
{
    "_id": "CPNG20230382",
    "title": "",
    "text": "suppliers safety intellectual property laws liability damage reputation business."
}
{
    "_id": "CPNG20230383",
    "title": "",
    "text": "merchandise apps websites Korean laws. Failure suppliers provide laws product safety intellectual property liability damage increased enforcement legal costs."
}
{
    "_id": "CPNG20230384",
    "title": "",
    "text": "merchandise subject recalls actions. recalls lost sales diverted resources harm reputation increased customer service legal expenses business financial condition results."
}
{
    "_id": "CPNG20230385",
    "title": "",
    "text": "past fair trade actions false statements apps merchandise quality fined KFTC."
}
{
    "_id": "CPNG20230386",
    "title": "",
    "text": "failure merchants laws liability damage reputation brand increased enforcement legal costs."
}
{
    "_id": "CPNG20230387",
    "title": "",
    "text": "past subject-party lawsuits complaints suppliers’ merchants’ parallel importing allows merchandise brand Korea purchased valid source outside supply chain documented. assure defending claims."
}
{
    "_id": "CPNG20230388",
    "title": "",
    "text": "received may communications alleging items infringe third-party copyrights trademarks names intellectual property rights. sought listings goods may listed held liable claiming. management team sales pirated counterfeited prohibited regulated faulty merchandise services items may listed sold apps subject lawsuits sanctions fines penalties affect business. “Risks Related to Intellectual accused infringing property rights."
}
{
    "_id": "CPNG20230389",
    "title": "",
    "text": "regulation Internet retail mobile commerce evolving unfavorable affect business financial."
}
{
    "_id": "CPNG20230390",
    "title": "",
    "text": "subject to business regulations Internet online retail mobile commerce. Existing proposed future regulations could change liabilities impede growth. involve taxes tariffs consumer protection competition antitrust privacy security anti-spam content protection electronic contracts gift cards. laws property ownership fair trade sales taxes consumer privacy apply Internet adopted Internet issues Internet retail mobile commerce. failure comply laws damage reputation business proceedings. reputation defense management increase costs decrease use apps monetary liability. liable to indemnify third parties from costs non-compliance."
}
{
    "_id": "CPNG20230391",
    "title": "",
    "text": "failure protect apps websites networks confidential reputation brand business financial results."
}
{
    "_id": "CPNG20230393",
    "title": "",
    "text": "business employs websites networks systems data customers merchants suppliers advertisers confidential proprietary. rely encryption authentication information. security breaches incidents result inadvertent use disclosure information access inadvertent exposure customer information App upgrade 2021 remediated hour. Coupang, Inc. ##2023 Form 10-K##31"
}
{
    "_id": "CPNG20230394",
    "title": "",
    "text": "websites networks systems subject to security threats hacking denial-of-service viruses malicious software ransomware break-ins phishing social engineering security breaches disruptions security information. risks extend to apps networks third services providers customers contractors business partners vendors. techniques unauthorized access change sophisticated known until launched difficulty detecting defending. increase frequency security threats expect. Geopolitical tensions Russia Ukraine adoption artificial heighten risk cyber security. breaches occur non-technical issues intentional inadvertent breaches employees commercial relationships. reputation brand business expend capital risk loss litigation regulatory action liability. attacks costs deploy personnel train third-party experts consultants.compromise breach security measures violate privacy data security laws financial exposure adverse publicity loss confidence business financial results."
}
{
    "_id": "CPNG20230395",
    "title": "",
    "text": "subject to regulations privacy use confidential information including Korea’s Personal Information Protection Act China’s Personal Information Protection Act Act Promotion of Information Communications Network Utilization Protection Information Act Credit Information Act Korea sensitive personal information. PIPA requires consent use data prevent data breaches notify Personal Information Protection Commission data breach incidents within 24 hours. Failure to comply with PIPA to personal liability violators face penalties to imprisonment. strive to comply with PIPA privacy policies review update policies practices. rules complex evolving to risk of claims failure. failure to comply with policies could affect reputation brand business result in claims criminal against us. could hurt reputation brand business expenses distract management increase costs loss customers business financial condition results operations."
}
{
    "_id": "CPNG20230396",
    "title": "",
    "text": "subject to data privacy laws collection use retention disclosure personal information California Consumer Privacy Act California Privacy Rights Act similar laws European Union General Data Protection Regulation. potential effects far-reaching modify data processing practices incur costs foreign jurisdictions changes business operations impact. privacy laws penalties noncompliance."
}
{
    "_id": "CPNG20230397",
    "title": "",
    "text": "liable to indemnify third parties from costs non-compliance laws regulations obligations privacy consumer protection use disclosure data. legislative regulatory bodies expand change laws enact new rules privacy data protection consumer protection. changes force costs change business practices. growth strategy harm affect business financial condition results."
}
{
    "_id": "CPNG20230399",
    "title": "",
    "text": "providers devices browsers implemented prevent cookies block tracking technologies third-party cookies tracking less effective. regulation cookies tracking advertising practices loss Coupang, Inc. ##2023 Form 10-K##32"
}
{
    "_id": "CPNG20230400",
    "title": "",
    "text": "services affect business financial results operations."
}
{
    "_id": "CPNG20230401",
    "title": "",
    "text": "subject litigation audits inspections proceedings liability expenses harm."
}
{
    "_id": "CPNG20230402",
    "title": "",
    "text": "claims audits inspections investigations legal proceedings employment labor classification pay hours benefits relations bargaining authorization worker safety intellectual property product safety injury privacy information security tax import exchange licenses permits food safety medical drugs financial services antitrust securities fair trade consumer protection environmental. operations Korea Antitrust Fair Trade."
}
{
    "_id": "CPNG20230403",
    "title": "",
    "text": "Legal proceedings uncertain judgment ruling fine penalty relief adverse settlement reputation sanctions injunctions affect business financial condition. claims against time-consuming costly harmful management attention divert resources. contractual obligations indemnify incur legal expenses partners directors officers."
}
{
    "_id": "CPNG20230404",
    "title": "",
    "text": "anti-corruption-money laundering laws penalties adverse consequences."
}
{
    "_id": "CPNG20230405",
    "title": "",
    "text": "operate global business interactions with officials government agencies state-owned entities. subject to anti-bribery-money laundering laws countries. laws prohibit companies intermediaries promising improper payments to foreign officials political parties private-sector recipients obtaining business securing advantage. U. S. public companies maintain records internal accounting controls. foreign countries local custom practices prohibited by laws. face risks comply impose fines penalties business reputation financial condition."
}
{
    "_id": "CPNG20230406",
    "title": "",
    "text": "implemented anti compliance program policies procedures training employees consultants contractors agents policies law. violation reputation business results prospects."
}
{
    "_id": "CPNG20230407",
    "title": "",
    "text": "violation anti-corruption laundering whistleblower complaints media investigations loss export privileges sanctions reputation business financial performance. enforcement diversion defense costs fees."
}
{
    "_id": "CPNG20230408",
    "title": "",
    "text": "subject trade sanctions violations liabilities penalties consequences."
}
{
    "_id": "CPNG20230409",
    "title": "",
    "text": "subject to governmental economic trade sanctions laws regulations countries restrict transactions sale supply sourcing products with governments persons entities countries territories including target sanctions. may violate sanctions laws regulations. submit disclosures violations to authorities review."
}
{
    "_id": "CPNG20230411",
    "title": "",
    "text": "economic trade sanctions laws administrative fines penalties remedial obligations. affected penalties business disruption reputational harm loss access markets. change laws enforcement Coupang, Inc. Form 10-K"
}
{
    "_id": "CPNG20230412",
    "title": "",
    "text": "government persons targeted regulations impact transactions harm business."
}
{
    "_id": "CPNG20230413",
    "title": "",
    "text": "failure comply laws changes legal uncertainties affect business financial performance growth."
}
{
    "_id": "CPNG20230414",
    "title": "",
    "text": "business financial performance by changes laws new Internet retail sales advertising consumer protection economic trade sanctions tax payments foreign exchange regulations banking data security network data protection privacy. regulatory authorities prevent suspend activities penalize requirements. Unfavorable changes decrease demand limit marketing affect margins increase costs liabilities."
}
{
    "_id": "CPNG20230415",
    "title": "",
    "text": "increasing laws regulations Internet retail sales liability information taxes fees content privacy data security network advertising taxation third quality services consumer protection. growth online retail consumer protection laws aggressive enforcement burdens businesses."
}
{
    "_id": "CPNG20230416",
    "title": "",
    "text": "law liability online service providers unsettled. Lawmakers could require changes business increased legal liability for online retailers providers. Unfavorable regulations laws decisions interpretations authorities could costs civil liability penalties increase cost change business practices damage reputation impede growth on operations."
}
{
    "_id": "CPNG20230417",
    "title": "",
    "text": "results financial condition affected regulation costs."
}
{
    "_id": "CPNG20230418",
    "title": "",
    "text": "business subject to laws regulations. stringent. increased costs pollution control liabilities noncompliance standards. New regulations storage transportation delivery impact operations costly. owner commercial real estate subject to liability under environmental laws for clean-up contamination. identified all contamination obligations responsible for additional contamination. possible material costs liabilities incurred damages property environment. Unfavorable changes failure increased costs laws affect financial condition."
}
{
    "_id": "CPNG20230420",
    "title": "",
    "text": "climate change agreements legislation greenhouse emissions cap trade carbon taxes permitting fuel efficiency standards renewable energy requirements disclosures pressure stockholders ratings agencies third parties. regulatory requirements. measures costs restrictions capital expenditures waste energy reduction compliance costs workforce initiatives impact business financial condition. failure non-compliance loss business reputational impacts diluted market valuation customers talent. Coupang,. Form 10-K"
}
{
    "_id": "CPNG20230421",
    "title": "",
    "text": "protect intellectual property rights accused infringing."
}
{
    "_id": "CPNG20230422",
    "title": "",
    "text": "protection intellectual property rights financial managerial operational resources. steps may not prevent third parties. current future patents trademarks rights may be challenged invalidated. pending patent trademark applications may granted. patent protection expensive time-consuming compensation damages limited. obtain all patent trademark applications reasonable cost timely. issued patents trademarks protect property legal standards case-by-case difficult to predict results litigation. others may develop acquire equivalent superior technology property rights. prevent third parties infringing violating. litigation expense efforts management personnel affect business financial condition results operations."
}
{
    "_id": "CPNG20230423",
    "title": "",
    "text": "terms of use prohibit counterfeit infringing third intellectual property rights implemented measures exclude goods detect remove every item rights. received complaints alleging items apps websites infringe intellectual property rights could lead to disputes lawsuits."
}
{
    "_id": "CPNG20230424",
    "title": "",
    "text": "online retail industry protection intellectual property rights resulted in expensive litigation. We party to litigation intellectual property rights expect litigation future. intellectual property litigation indemnification may require cease selling products make payments legal fees settlement payments costs damages change processes technology obtain license redesign infringing processes avoid infringement."
}
{
    "_id": "CPNG20230425",
    "title": "",
    "text": "claims divert resources affect reputation business financial condition results."
}
{
    "_id": "CPNG20230426",
    "title": "",
    "text": "software contain open source risks proprietary."
}
{
    "_id": "CPNG20230428",
    "title": "",
    "text": "use expect continue open source software. licenses require source code available public modifications derivative works licensed. face claims infringement intellectual property release license software works enforce terms license. use source software claims non-compliance infringement intellectual property breach contract. claims could result litigation require purchase costly license release source code licensing cease offering solutions unless avoid infringement change use. open source software greater risks commercial software licensors provide warranties indemnities contractual protections non. open source software security risks source code publicly available easier for hackers breach apps websites. risks difficult to eliminate manage on business financial condition results operations. Coupang, Inc. ##2023 Form 10-K##35"
}
{
    "_id": "CPNG20230430",
    "title": "",
    "text": "tax treatment online affect apps websites financial results."
}
{
    "_id": "CPNG20230431",
    "title": "",
    "text": "Korean National Tax Service Ministry of Economy and Finance may introduce new tax regimes with international-tax overhaul digitalization including online retail. impose regulations levy sales income taxes. regulations subject us to taxes. predict effect online retail. taxes increase cost attractiveness advertising. taxes internal costs data collect taxes. business financial condition results operations."
}
{
    "_id": "CPNG20230432",
    "title": "",
    "text": "experience tax obligations rate affect operations."
}
{
    "_id": "CPNG20230433",
    "title": "",
    "text": "subject to taxes United States Korea China Taiwan foreign jurisdictions. Delaware corporation domestic corporation. federal income tax. Internal Revenue Code 1986 subject. federal income tax income non-U. affiliates offset. tax liability with credits non. taxes. rules complicated impact future operations."
}
{
    "_id": "CPNG20230434",
    "title": "",
    "text": "2021 released Pillar Two rules minimum tax jurisdictional 15% tax rate. OECD guidance enactment 2024 2025. changes increase taxes. South Korea Under-taxed Profit Rules reporting compliance obligations January 1, 2025. minimum tax period cost impact results 2023. legislative developments evaluating impact Korean legislation taxes."
}
{
    "_id": "CPNG20230435",
    "title": "",
    "text": "tax rate earnings losses. tax expense impacted non-deductible expenses excess tax benefits equity deferred tax assets global low-taxed income withholding taxes."
}
{
    "_id": "CPNG20230442",
    "title": "",
    "text": "tax rate impacted by tax laws regulations treaties practices tax policy initiatives valuation allowance deferred tax assets accounting rules ownership capital structure."
}
{
    "_id": "CPNG20230443",
    "title": "",
    "text": "income tax rules operate review by taxing authorities bodies. New changes retroactive affect results stockholders."
}
{
    "_id": "CPNG20230445",
    "title": "",
    "text": "subject to audit by U. S. foreign tax authorities. disagree tax positions business. taxing authorities challenge disagree income. pay additional taxes interest penalties one-time tax charges higher tax rates reduced cash flows lower profitability. financial statements reflect reserves contingency. Coupang, Inc. ##2023 Form 10-K##36"
}
{
    "_id": "CPNG20230446",
    "title": "",
    "text": "taxing authority assert subject to tax taxable connection “permanent establishment” assertion increase tax liability jurisdictions."
}
{
    "_id": "CPNG20230447",
    "title": "",
    "text": "fluctuations tax obligations rate affect business operations."
}
{
    "_id": "CPNG20230448",
    "title": "",
    "text": "utilize net loss."
}
{
    "_id": "CPNG20230449",
    "title": "",
    "text": "December 2023 Korean affiliates $2. 4 billion income 2026. carryforwards limited 80% taxable income."
}
{
    "_id": "CPNG20230450",
    "title": "",
    "text": "NOL carryforwards future income Korea risk carryforwards expire tax liabilities affect operating results."
}
{
    "_id": "CPNG20230451",
    "title": "",
    "text": "maintain valuation allowance deferred tax China Taiwan benefits. Part II Item 8 Statements Note 6 Taxes consolidated statements."
}
{
    "_id": "CPNG20230453",
    "title": "",
    "text": "dual class voting control Bom Kim Class B stock. 8% voting power."
}
{
    "_id": "CPNG20230454",
    "title": "",
    "text": "shares Class B common stock 29 votes per share held by Bom Kim Founder Chief Executive Officer. Class A common stock NYSE one vote per share. Class A B vote except by law certificate incorporation. Class B stock convertible into one Class A common stock. B into Class A transfer transferor retains sole dispositive power voting control. conversion Class B into Class A voting power A diluted fewer shares Class B voting power Class A fewer shares Class B. 29-to-one voting ratio Class B Class A stock held by Mr. Kim 75. 8% combined voting power capital stock as of December 31, 2023. control by Mr. Kim majority voting power influence corporate matters election directors amendments merger consolidation sale major corporate transaction stockholder approval.defer prevent discourage unsolicited acquisition proposals capital stock interest. Kim management strategic investments Chief Executive Officer. Kim fiduciary duty stockholders. entitled vote shares interest not. reduction. Kim’s shareholdings impact control corporate matters."
}
{
    "_id": "CPNG20230455",
    "title": "",
    "text": "predict dual class structure A stock."
}
{
    "_id": "CPNG20230457",
    "title": "",
    "text": "predict dual class structure price Class A common stock adverse publicity consequences. index providers multiple-class share. FTSE Russell 5% voting rights S&P Dow Jones multiple-class share. indices Russell 2000 S&P 500 S&P MidCap 400 S&P SmallCap 600 S&P Composite 1500. dual class structure ineligible indices mutual funds-traded funds invest Class A common stock. policies new unclear effect valuations companies Coupang, Inc. Form 10-K##37"
}
{
    "_id": "CPNG20230458",
    "title": "",
    "text": "value companies indices. price Class A common stock decline."
}
{
    "_id": "CPNG20230459",
    "title": "",
    "text": "advisory firms multiple class structures. dual class structure common stock could cause recommend withholding votes publish negative capital structure. actions critical price per share Class A common stock decline."
}
{
    "_id": "CPNG20230460",
    "title": "",
    "text": "market price Class A stock volatile investment."
}
{
    "_id": "CPNG20230476",
    "title": "",
    "text": "stock market technology companies volatile. market price of Class A common stock likely volatile investors may experience decrease price or loss investment unrelated to operating performance prospects. market price fluctuations factors including “Risk Factors” Form 10-K fluctuations results operations performance equity markets economy •changes financial projections failure •failure securities analysts coverage changes estimates failure expectations changes growth rate future size growth rate markets dividend stock repurchase activities new products acquisitions partnerships joint ventures capital-raising activities •additions departures of board members management key personnel •rumors market speculation •new laws regulations data privacy cyber security •lawsuits investigations against events war terrorism •health epidemics pandemics influenza communicable diseases viruses •sales expectations Class A common stock."
}
{
    "_id": "CPNG20230477",
    "title": "",
    "text": "stock markets public companies technology industry experienced price volume fluctuations affected stock prices. prices fluctuated unrelated operating performance. companies volatility subject class action litigation. subject putative class action litigation may litigation. could costs divert resources affect business financial condition results. additional information litigation “Item 3 —Legal Proceedings”."
}
{
    "_id": "CPNG20230478",
    "title": "",
    "text": "Sales Class A common stock price decline."
}
{
    "_id": "CPNG20230480",
    "title": "",
    "text": "Sales shares Class A directors officers stockholders price decline. December 31, 2023 1,615,525,811 shares outstanding. registered shares employee equity incentive plans. sold freely issuance vesting requirements compliance Coupang,. Form 10-K"
}
{
    "_id": "CPNG20230481",
    "title": "",
    "text": "Rule 144 restrictions plan award agreements."
}
{
    "_id": "CPNG20230482",
    "title": "",
    "text": "holders 36% Class A B common stock entitled rights registration Securities Act. Registration tradable except shares purchased affiliates. sales cause price per A decline."
}
{
    "_id": "CPNG20230483",
    "title": "",
    "text": "certificate incorporation designates Court Chancery Delaware federal courts exclusive forums disputes stockholders judicial forum disputes directors."
}
{
    "_id": "CPNG20230484",
    "title": "",
    "text": "certificate of incorporation Court of Chancery Delaware exclusive forum for actions under Delaware law derivative action breach of fiduciary duty claim against Delaware General Corporation Law certificate incorporation bylaws internal affairs doctrine. not apply to suits duty liability Securities Act Exchange Act. federal courts exclusive jurisdiction. Section 22 Securities Act concurrent jurisdiction for federal state courts. federal district courts exclusive forum for complaint Securities Act."
}
{
    "_id": "CPNG20230486",
    "title": "",
    "text": "forum provisions limit stockholder’s claim disputes directors officers employees. Delaware courts provisions valid stockholder claim against us directors other federal district courts. assert validity exclusive forum provisions certificate incorporation. costs action other jurisdictions assure provisions. Coupang, Inc. ##2023 Form 10-K##39"
}
{
    "_id": "CPNG20230488",
    "title": "",
    "text": "."
}
{
    "_id": "CPNG20230490",
    "title": "",
    "text": "Coupang risk management framework. audits assessments incidents. vulnerability scanning automated tools testing."
}
{
    "_id": "CPNG20230491",
    "title": "",
    "text": "identify manage reduce risks vulnerabilities controls solutions technology projects. Chief Information Security Officer cybersecurity knowledge 15 years leads global security organization Coupang program. reviews cyber strategy. receives reports cybersecurity threats reviews risk management measures. conduct annual assessments third-party assessors ISMS-P ISO 27001. consultants conduct maturity assessments. results inform risks managed enterprise risk management process. employ third-party vendors cyber threat. employ systems processes oversee identify reduce impact security incident third vendor provider customer technology systems."
}
{
    "_id": "CPNG20230492",
    "title": "",
    "text": "executive leadership cyber policies procedures strategies. Board Director’s role risk oversight leadership structure risks business Board committees oversight."
}
{
    "_id": "CPNG20230493",
    "title": "",
    "text": "Audit Committee enterprise risk assessment management risks cybersecurity data privacy regulations assesses steps. meets CISO cybersecurity matters strategy risks controls results mitigation strategies emerging risks incidents industry trends. protocols cybersecurity incidents escalated reported Audit Committee resolution."
}
{
    "_id": "CPNG20230494",
    "title": "",
    "text": "identify manage risks lessons incidents strategy technology enhancements projects. Risks threats affected business strategy operations financial condition. risks increase services affected spyware viruses phishing spam emails denial of service attacks data theft computer intrusions outages. See 1A. Risk Form 10-K risks future incidents financial condition."
}
{
    "_id": "CPNG20230496",
    "title": "",
    "text": "lease office Seattle additional Korea United States Asia. own 55 million square feet logistics space Korea Asia United States. believe facilities adequate needs space."
}
{
    "_id": "CPNG20230499",
    "title": "",
    "text": "subject legal litigation audits inspections. received claims employment labor classification pay hours benefits bargaining authorization immigration health safety harassment harassment intellectual property product safety personal injury privacy information security tax compliance Coupang. Form 10-K"
}
{
    "_id": "CPNG20230500",
    "title": "",
    "text": "exchange licenses food medical financial antitrust trade consumer environmental."
}
{
    "_id": "CPNG20230501",
    "title": "",
    "text": "current future claims litigation audits inspections investigations. defense settlement costs diversion resources harm brand reputation factors."
}
{
    "_id": "CPNG20230502",
    "title": "",
    "text": "legal proceedings Note 13 Part II Item 8 Statements risks Form 10-K 1A. Risk Factors."
}
{
    "_id": "CPNG20230505",
    "title": "",
    "text": ". Coupang. Form"
}
{
    "_id": "CPNG20230506",
    "title": "",
    "text": "Equity Stockholder Purchases Securities"
}
{
    "_id": "CPNG20230509",
    "title": "",
    "text": "Class A stock traded New York Stock Exchange. Class B."
}
{
    "_id": "CPNG20230511",
    "title": "",
    "text": "February 22, 2024 37 holders Class A one Class B. shares A held brokers institutions unable estimate total stockholders."
}
{
    "_id": "CPNG20230513",
    "title": "",
    "text": "anticipate declaring paying cash dividends. may agreements restrict declare cash dividends distributions capital stock. subsidiaries pay dividends Coupang. financial covenants. Korean subsidiaries regulatory restrictions dividend payments positive net equity current year’s income. future determination declare cash dividends discretion board directors financial condition results capital requirements contractual restrictions business conditions."
}
{
    "_id": "CPNG20230514",
    "title": "",
    "text": "Purchases Equity Sales"
}
{
    "_id": "CPNG20230516",
    "title": "",
    "text": "."
}
{
    "_id": "CPNG20230518",
    "title": "",
    "text": "."
}
{
    "_id": "CPNG20230520",
    "title": "",
    "text": "Coupang."
}
{
    "_id": "CPNG20230521",
    "title": "",
    "text": "Discussion Financial Operations"
}
{
    "_id": "CPNG20230530",
    "title": "",
    "text": "discussion financial condition results with consolidated financial statements notes Form 10-K. future results business strategy objectives includes statements risks uncertainties Note. review Part I—Item 1A. \"Risk Factors results. Overview Business Metrics Non-GAAP Financial Measures Results Operations Liquidity Capital Resources Accounting Policies Estimates Accounting Pronouncements"
}
{
    "_id": "CPNG20230532",
    "title": "",
    "text": "Coupang largest Asia mission revolutionize lives headquartered United States operations South Korea Taiwan Singapore China India. preeminent online destination broad selection low prices exceptional delivery experience third-party. fulfillment logistics technology network Rocket Delivery free next-day delivery millions Korea. end-to-end integration investments technology scale economies efficiencies savings lower prices. capabilities expand offerings geographies."
}
{
    "_id": "CPNG20230533",
    "title": "",
    "text": "success shareholder value. investments network customer functionality growth cash flows. reinvested owned-inventory marketplace FLC merchant services Rocket WOW membership Rocket Fresh Coupang Eats Coupang Play."
}
{
    "_id": "CPNG20230534",
    "title": "",
    "text": "segments. Note 3 statements Part II Item 8 Annual Report Form 10-K."
}
{
    "_id": "CPNG20230535",
    "title": "",
    "text": "Product Commerce includes Korean retail marketplace Rocket Fresh grocery advertising. Revenues online sales commissions logistics fulfillment fees mobile Rocket WOW membership."
}
{
    "_id": "CPNG20230536",
    "title": "",
    "text": "Offerings includes nascent Coupang Eats Coupang Play online content fintech retail operations Taiwan advertising products. Revenues retail operations Taiwan."
}
{
    "_id": "CPNG20230539",
    "title": "",
    "text": "2024 Farfetch Acquisition consolidated Q1 2024. Farfetch losses unknown. Coupang. Form 10-K"
}
{
    "_id": "CPNG20230553",
    "title": "",
    "text": "Financial Operating Highlights millions net revenues,383,583 constant,637,236 Gross profit(2),190 Net income (loss,360 margin. Adjusted EBITDA(1)#1,074. Net cash operating activities#2,652#565 Free cash flow(1) adjusted EBITDA Product#1,540 Developing Offerings"
}
{
    "_id": "CPNG20230554",
    "title": "",
    "text": "net revenues constant currency growth adjusted EBITDA margin free cash flow non-GAAP measures. See-GAAP Financial “Reconciliation GAAP Non-GAAP accounting."
}
{
    "_id": "CPNG20230555",
    "title": "",
    "text": "profit revenues minus cost."
}
{
    "_id": "CPNG20230556",
    "title": "",
    "text": "."
}
{
    "_id": "CPNG20230561",
    "title": "",
    "text": "Months Ended December millions net revenues Customer. net revenues"
}
{
    "_id": "CPNG20230563",
    "title": "",
    "text": "last date period determine Active Customers counting ordered from apps websites Korea. customer account identified unique email address. change in Active Customers captures inflow new outflow existing customers. Active Customers key indicator potential growth revenues reach network awareness brand engagement."
}
{
    "_id": "CPNG20230566",
    "title": "",
    "text": "revenues per Active Customer divided Customers. driver growth increasing frequency spend apps websites. revenues engagement retention future revenue growth. Coupang, Inc. Form 10-K"
}
{
    "_id": "CPNG20230568",
    "title": "",
    "text": "report financial results U. S GAAP. management believes non measures provide information performance. different."
}
{
    "_id": "CPNG20230576",
    "title": "",
    "text": "non-GAAP financial measures information U. GAAP. measures reflect all results operations. U. GAAP measures. Non-GAAP Measure Free Cash Flow operations Less purchases Plus proceeds sale. Adjusted EBITDA Net income excluding depreciation amortization interest expense income other income tax expense equity compensation impairments other items. Adjusted EBITDA Margin percentage net revenues. Constant Currency Revenue results periods. total revenue excluding foreign exchange rate movements growth. calculated current revenues prior period exchange rate. Growth increase current period revenue prior revenue. Coupang, Inc. Form 10-K"
}
{
    "_id": "CPNG20230589",
    "title": "",
    "text": "millions cash operating activities Adjustments Purchases land buildings equipment purchases(896)(824) Proceeds sale adjustments(877)(811) cash flow cash investing activities(927)(848) financing activities"
}
{
    "_id": "CPNG20230603",
    "title": "",
    "text": "millions net revenues,383,583 Net income. Adjustments Depreciation amortization Interest expense income Income tax benefit expense Equity compensation Adjusted EBITDA margin."
}
{
    "_id": "CPNG20230614",
    "title": "",
    "text": "Growth millions Rate Effect Currency Basis Net retail sales,444,338 revenue,160,193 net revenues,383,637,583 Revenues Segment Product,594,840,955 Developing Offerings net revenues,383,637,583"
}
{
    "_id": "CPNG20230616",
    "title": "",
    "text": "amounts rounding. Coupang."
}
{
    "_id": "CPNG20230632",
    "title": "",
    "text": "Change millions 2021 Net retail sales,338,488 Net revenue,160,245 Total net revenues,383,583,406 Cost sales,193,873,455 Operating general administrative Total operating cost expenses,695,900 Operating income (loss(1,494) Interest income Interest expense Other expense Income (loss before taxes,542 Income tax expense Net income (loss),360(1,543)"
}
{
    "_id": "CPNG20230633",
    "title": "",
    "text": "."
}
{
    "_id": "CPNG20230634",
    "title": "",
    "text": "financial results 2022 2021 Part II Item 7 Annual Report Form 10-K 2022."
}
{
    "_id": "CPNG20230641",
    "title": "",
    "text": "categorize net revenues retail sales other revenue. incorporate reductions estimated returns promotional discounts loyalty rewards exclude value added taxes. provide promotional discounts incentivize spending loyalty. discounts discretionary reflected reductions selling price revenue transaction. Loyalty rewards transactions earned percentage purchase future. defer revenue transaction price recognize revenue future. deferred revenue rewards not material. millions Net retail sales,338 Net other revenue,160,245 Total net revenues,383,583"
}
{
    "_id": "CPNG20230643",
    "title": "",
    "text": "retail sales majority revenues online product sales. revenue commissions merchants. not merchant record possession inventory. online restaurant ordering delivery advertising services apps. subscription revenue Rocket WOW program revenue. Coupang, Inc. Form 10-K#47"
}
{
    "_id": "CPNG20230644",
    "title": "",
    "text": "Fulfillment Logistics by Coupang Product merchants logistics fulfillment network. previous contract terms control Coupang seller revenue gross. second quarter 2023 changed FLC program contracts streamlining process. control transferred Company sales. impacted revenue gross to net basis. second quarter 2023 previous contract terms expired commissions logistics fulfillment fees new recorded net revenue. reduction net revenues FLC no impact gross profit."
}
{
    "_id": "CPNG20230650",
    "title": "",
    "text": "table presents net revenues segment. millions Currency Product,594,955 Developing Offerings net revenues,383,583"
}
{
    "_id": "CPNG20230651",
    "title": "",
    "text": "increase Product Commerce revenues due to growth Active Customers revenues increased product selection engagement merchants. offset transition FLC merchants to new contracts."
}
{
    "_id": "CPNG20230652",
    "title": "",
    "text": "increase growth initiatives Taiwan."
}
{
    "_id": "CPNG20230654",
    "title": "",
    "text": "Cost sales purchase price logistics costs. Inbound shipping handling costs inventory recognized. outbound shipping logistics expenses delivery costs depreciation amortization."
}
{
    "_id": "CPNG20230655",
    "title": "",
    "text": "cost sales reflects volume. decreased 77. 1% 2022 74. 6% 2023 operational efficiencies supply chain optimization increased higher FLC program. offset growth initiatives."
}
{
    "_id": "CPNG20230657",
    "title": "",
    "text": "Operating administrative expenses include excluding sales. operating staffing fulfillment centers receiving service payment processing fees design technology infrastructure advertising corporate function depreciation amortization."
}
{
    "_id": "CPNG20230658",
    "title": "",
    "text": "increase operating administrative expenses fulfillment costs growth advertising expenses. unchanged 23. 4% 2022 2023 revenues FLC contracts quarter 2023."
}
{
    "_id": "CPNG20230660",
    "title": "",
    "text": "Interest deposits financial institutions."
}
{
    "_id": "CPNG20230661",
    "title": "",
    "text": "Interest income increased $125 million. higher rates 2023 cash balances."
}
{
    "_id": "CPNG20230664",
    "title": "",
    "text": "subject income taxes Korea United States foreign jurisdictions. tax rates. Coupang Inc. Form 10-K"
}
{
    "_id": "CPNG20230665",
    "title": "",
    "text": "foreign earnings taxable. effective tax rate pre-tax income foreign domestic income tax credits deferred tax assets liabilities. Tax Cuts Jobs Act capitalize research development expenses five fifteen years GILTI inclusion."
}
{
    "_id": "CPNG20230666",
    "title": "",
    "text": "income tax rate changed 1. 1% 2022 to (133.% 2023 due valuation allowance Korean deferred tax assets. differs federal due valuation allowances losses tax credits offset income before taxes Tax Cuts Jobs Act differences non-deductible expenses."
}
{
    "_id": "CPNG20230667",
    "title": "",
    "text": "2023 improved profitability evidence deferred tax assets. released valuation allowance Korea net operating loss deferred tax assets. net deferred tax assets benefit income taxes $905 million. expect change higher tax rate losses utilized impact cash tax payments liabilities."
}
{
    "_id": "CPNG20230668",
    "title": "",
    "text": ". tax law global operations tax rate foreign tax law. countries tax Pillar Two tax. South Korea Under-taxed Profit Rules reporting compliance obligations January 1 2025. minimum tax period cost impact results 2023. legislative evaluating impact Korean legislation operations."
}
{
    "_id": "CPNG20230674",
    "title": "",
    "text": "operating performance segment adjusted EBITDA. defined income before taxes depreciation amortization interest expense tax equity compensation impairments items operations. millions Product Developing Offerings Consolidated adjusted EBITDA#182"
}
{
    "_id": "CPNG20230675",
    "title": "",
    "text": "."
}
{
    "_id": "CPNG20230676",
    "title": "",
    "text": "Product Commerce EBITDA net revenues operational efficiencies supply chain optimization higher margin."
}
{
    "_id": "CPNG20230677",
    "title": "",
    "text": "increased loss Developing Offerings Eats Taiwan higher content costs Coupang Play. offset delivery."
}
{
    "_id": "CPNG20230680",
    "title": "",
    "text": "Liquidity cash. primary sources cash debt financing sales equity securities. cash $5. 6 billion December 31, 2023 $3. 9 billion foreign subsidiaries transferable. laws. $875 million Revolving Credit Facility January 2024."
}
{
    "_id": "CPNG20230682",
    "title": "",
    "text": "subsidiaries transfer funds pay dividends Coupang. financial covenants positive equity current income. Form 10-K"
}
{
    "_id": "CPNG20230683",
    "title": "",
    "text": "December 31, 2023 2022 stockholders’ equity $4. 1 billion $2. 4 billion. incurred losses. investment growth Developing Offerings offerings geographies fulfillment logistics technology. new fulfillment centers. construction contracts capital projects three years. capital expenditures $114 million December 31, 2023. future expenditures infrastructure workforce exceed billion dollars."
}
{
    "_id": "CPNG20230684",
    "title": "",
    "text": "Coupang subsidiary provided $150 million contributed $150 million bridge loan. fund $200 million twelve months."
}
{
    "_id": "CPNG20230689",
    "title": "",
    "text": "cash flows millions cash operating activities#2,652#565 investing activities(927)(848(79) financing activities#199#247"
}
{
    "_id": "CPNG20230695",
    "title": "",
    "text": "millions Net income,360(92) reconcile income cash operating activities) operating assets liabilities,316 Net cash#2,652"
}
{
    "_id": "CPNG20230696",
    "title": "",
    "text": "year-over-year cash flow driven $1. 5 billion net income. deferred income taxes $843 million. assets liabilities decrease inventories $323 million new FLC program improved inventory management increase accounts payable $1. 1 billion increased volume improved payment terms reduction payables FLC."
}
{
    "_id": "CPNG20230698",
    "title": "",
    "text": "increase $75 million bridge loan Farfetch $72 million increase purchases property investments fulfillment logistics infrastructure."
}
{
    "_id": "CPNG20230700",
    "title": "",
    "text": "decrease $129 million debt borrowings offset $75 million repayments timing maturities."
}
{
    "_id": "CPNG20230701",
    "title": "",
    "text": "believe liquidity cash requirements next 12 months. need additional cash investment acquisition cooperation technology logistics infrastructure talent. cash requirements exceed optimize capital structure issue additional debt equity securities obtain credit facilities financing. financing available favorable."
}
{
    "_id": "CPNG20230704",
    "title": "",
    "text": "entered unconditional purchase obligations. technology fulfillment center construction software licenses. term loan agreements construction fulfillment centers. collateral borrowed. borrowings debt increase. operating Coupang, Inc. Form 10-K"
}
{
    "_id": "CPNG20230708",
    "title": "",
    "text": "leases expire ten years obligations debts. commitments $1. billion December 31, 2023. leases $355 million non-cancellable 1 10 years severance benefits $889 million purchase orders twelve months cancellable."
}
{
    "_id": "CPNG20230709",
    "title": "",
    "text": "Note 13 5 Severance 10 Part II Item 8 Statements future commitments."
}
{
    "_id": "CPNG20230710",
    "title": "",
    "text": "short long-term borrowings include credit institutions."
}
{
    "_id": "CPNG20230712",
    "title": "",
    "text": "April 2023 three-year $178 million fulfillment center land. pledged $214 million land collateral. 76%."
}
{
    "_id": "CPNG20230714",
    "title": "",
    "text": "two-year Revolving Credit Agreement limit $124 million 91-days. secured inventories."
}
{
    "_id": "CPNG20230716",
    "title": "",
    "text": "January 2024 Revolving amended maturity February 2026 principal $875 million. request commitments $1. 25 billion conditions."
}
{
    "_id": "CPNG20230722",
    "title": "",
    "text": "Borrowings Revolving Credit Facility interest prime federal funds rate composite overnight bank borrowing rate plus. 50% adjusted Term Secured Overnight Funding Rate one-month 1.% Term SOFR margin 1. 00%. pay fees letter credit upfront fee unused commitment fee. Credit Facility covenants restrict debt investments restricted payments liens fundamental changes dispositions equity interests."
}
{
    "_id": "CPNG20230723",
    "title": "",
    "text": "subject exceptions."
}
{
    "_id": "CPNG20230724",
    "title": "",
    "text": "Revolving Credit Facility guaranteed subsidiaries Coupang. exceptions. contains affirmative covenants events default."
}
{
    "_id": "CPNG20230725",
    "title": "",
    "text": "Revolving Credit Agreement Facility require maintain secured indebtedness to assets less than 35% loans unreimbursed letters credit fiscal quarter maintain minimum liquidity $625 million $313 million commitment $500 million."
}
{
    "_id": "CPNG20230727",
    "title": "",
    "text": "Note 12 Borrowings Debt Part II 8 Statements debt. Coupang."
}
{
    "_id": "CPNG20230729",
    "title": "",
    "text": "December 2023 announced acquisition Farfetch luxury fashion $500 million loan subsidiaries."
}
{
    "_id": "CPNG20230730",
    "title": "",
    "text": "established partnership loan acquiring business assets Farfetch 80. 1% Coupang 19. 9% Greenoaks Capital Partners. results December 2023."
}
{
    "_id": "CPNG20230731",
    "title": "",
    "text": "December 2023 partnership $75 million January 2024 $75 million. Financings capital contributions ownership percentages."
}
{
    "_id": "CPNG20230732",
    "title": "",
    "text": "January 31, 2024 acquisition completed. partnership $150 million. $150 million loan contributed. fund $200 million twelve months."
}
{
    "_id": "CPNG20230733",
    "title": "",
    "text": "Farfetch Acquisition subsidiary assumed Term Loans $633 million Agreement. payable October 20 2027 early repayment. quarterly installments. 25% last quarter. interest SOFR plus 6. 25% annum. repurchased $60 million."
}
{
    "_id": "CPNG20230734",
    "title": "",
    "text": "Term Loans contain affirmative negative restrictions entities debt investments distributions assets transactions. secured against assets Farfetch guaranteed by subsidiaries."
}
{
    "_id": "CPNG20230735",
    "title": "",
    "text": "Note 15 Farfetch Part II Item 8 Statements."
}
{
    "_id": "CPNG20230737",
    "title": "",
    "text": "consolidated financial statements prepared U. S. GAAP estimates judgments amounts. estimates based on historical experience assumptions reasonable. uncertainty effects macroeconomic increased judgment results future differ. See Note 1 \"Description Business Significant Accounting Policies financial statements Part II Item 8 Form 10-K accounting policies."
}
{
    "_id": "CPNG20230739",
    "title": "",
    "text": "estimation Revenue Recognition"
}
{
    "_id": "CPNG20230740",
    "title": "",
    "text": "accounting principles revenue requires judgments estimates. complex arrangements non-standard terms require contract interpretation accounting treatment promised goods services obligations. judgments include principal agent."
}
{
    "_id": "CPNG20230741",
    "title": "",
    "text": "arrangements apply judgment principal or agent transaction. principal control goods services before customers. primarily obligated subject inventory risk latitude establishing prices indicators act principal record revenue gross. act agent record net revenue control before."
}
{
    "_id": "CPNG20230744",
    "title": "",
    "text": "account inventories products weighted cost value lower. valuation management judgments Coupang. Form 10-K"
}
{
    "_id": "CPNG20230745",
    "title": "",
    "text": "likely disposition sales returns suppliers liquidations expected recoverable values inventory categories. market estimated value inventory increase valuation determination."
}
{
    "_id": "CPNG20230747",
    "title": "",
    "text": "record provision taxes asset liability method. Deferred taxes rates differences financial assets liabilities tax bases loss tax credit carryforwards. effect deferred tax rates recognized income enactment date."
}
{
    "_id": "CPNG20230748",
    "title": "",
    "text": "believe assumptions judgments estimates changes tax audits future income impact taxes financial statements."
}
{
    "_id": "CPNG20230749",
    "title": "",
    "text": "record deferred tax assets net valuation allowances likely. Realization future taxable income. valuation allowance historical future taxable income positive negative evidence. operating results differ assumptions. December 31, 2023 positive evidence overcame negative Korean deferred tax assets realizable. released entire valuation allowance $905 million Korean deferred tax assets December 31, 2023."
}
{
    "_id": "CPNG20230750",
    "title": "",
    "text": "recognize measure uncertain tax positions return two-step process. first step technical merits. second step-likely-not criteria. measured largest benefit likelihood 50 percent ultimate settlement. uncertainties tax audit estimates settlement change benefits differ. Part II Item 8 “Financial Statements Supplementary Note 6 \"Income Taxes consolidated financial statements."
}
{
    "_id": "CPNG20230752",
    "title": "",
    "text": "severance benefits Korea. Part II 8 Statements Benefits statements."
}
{
    "_id": "CPNG20230755",
    "title": "",
    "text": "Actuarial valuations financial severance benefit plans. growth rates"
}
{
    "_id": "CPNG20230756",
    "title": "",
    "text": "Management believes assumptions changes impact financial position. assumptions obligations experience advice outside actuaries. review severance benefit plan assumptions annually modify rates trends. changes amortized income."
}
{
    "_id": "CPNG20230758",
    "title": "",
    "text": "fiscal year discount rates salary growth rates severance benefits. discount rates current interest rate liabilities. December 31, 2023 discount rates 4. 30% to. 80% 5. 10% to. 30% 2022. return corporate bond indices timing benefit payments. one percentage point decrease discount rates change benefit expense 2024. December 31, 2023 salary growth rates 5.% to 7. 5 8.% 2022. historical rates industry growth rates. Coupang, Inc. Form"
}
{
    "_id": "CPNG20230759",
    "title": "",
    "text": "benefit plan assumptions one decrease salary growth expense 2024."
}
{
    "_id": "CPNG20230761",
    "title": "",
    "text": "January 2024 Farfetch Acquisition completed. initial accounting incomplete. preliminary value assets liabilities assumed. complete accounting first quarter 2024."
}
{
    "_id": "CPNG20230762",
    "title": "",
    "text": "acquisition method recognize assets acquired liabilities assumed estimated values date. measure goodwill excess fair value transferred over values."
}
{
    "_id": "CPNG20230763",
    "title": "",
    "text": "acquisition method requires judgment estimates assumptions values business combination date acquisition including assets liabilities non-controlling interests deferred tax allowances liabilities uncertain tax positions contingencies. estimates over one-year reflect new information measurement. provisional amounts assets adjustments decrease net income lower asset values consolidated balance sheet."
}
{
    "_id": "CPNG20230764",
    "title": "",
    "text": "estimates uncertain relate future economic conditions cash flows assets customer behavior. results projections change record impairment charges. estimated economic lives assets depreciation amortization expense. change depreciation expenses accelerated slowed."
}
{
    "_id": "CPNG20230767",
    "title": "",
    "text": "Note 1 Accounting Policies statements Part II 8 Annual Report 10-K. Coupang."
}
{
    "_id": "CPNG20230769",
    "title": "",
    "text": "risks operations exposed market risks. Market risk loss financial position changes prices rates. fluctuations interest rates foreign currency credit."
}
{
    "_id": "CPNG20230771",
    "title": "",
    "text": "December 31, 2023 cash equivalents restricted cash $5. 6 billion. Interest instruments risk. trading speculative used derivative instruments. risk variable rate debt undrawn Revolving Credit Agreement. variability cash. balance fixed floating rate instruments cash equivalents short investments. interest rate markets."
}
{
    "_id": "CPNG20230772",
    "title": "",
    "text": "borrowings include variable interest rates. December 31, 2023 no balances. 10% change interest rates results. future borrowings Revolving Credit Facility interest market conditions."
}
{
    "_id": "CPNG20230774",
    "title": "",
    "text": "accounts foreign ledgers maintained local currency translated USD financial statements. exposed exchange rates USD predominantly KRW."
}
{
    "_id": "CPNG20230776",
    "title": "",
    "text": "generate revenue from customers Korea. align costs with revenue currency not always. geographic spread reliance products business financial condition impacted by volatility KRW foreign currencies."
}
{
    "_id": "CPNG20230778",
    "title": "",
    "text": "Coupang, Inc. is USD. Korean subsidiary Coupang Corp. KRW. other subsidiaries utilize local currencies. Increases value USD affect items non-USD-denominated businesses financial statements. stronger USD results weaker USD. 10% adverse change exchange rates decline net revenues $2. 2 billion net income $175 million 2023."
}
{
    "_id": "CPNG20230779",
    "title": "",
    "text": "may enter derivatives hedge foreign currency risk. difficult predict impact hedging results operations."
}
{
    "_id": "CPNG20230782",
    "title": "",
    "text": "cash equivalents deposits loans banks credit risk. place high credit quality. risk duration contractual terms. management evaluates credit standards oversees risk. Coupang, Inc. Form 10-K"
}
{
    "_id": "CPNG20230792",
    "title": "",
    "text": "Independent Accounting Firm Statements Operations Income Balance Sheets Redeemable Units Stockholders Equity Cash Flows Financial Statements"
}
{
    "_id": "CPNG20230808",
    "title": "",
    "text": "Coupang."
}
{
    "_id": "CPNG20230810",
    "title": "",
    "text": "Stockholders Coupang."
}
{
    "_id": "CPNG20230811",
    "title": "",
    "text": "Statements Control Reporting"
}
{
    "_id": "CPNG20230812",
    "title": "",
    "text": "audited consolidated balance sheets Coupang Inc. subsidiaries December 31, 2023 2022 statements operations income redeemable preferred units equity cash flows three years 2023 condensed financial information Inc. December 2023 2022 Item 15(a)(2) financial. audited internal control financial reporting 2023 Internal Control - Integrated Framework (2013)."
}
{
    "_id": "CPNG20230813",
    "title": "",
    "text": "consolidated financial statements present financial position December 31, 2023 2022 results operations cash flows three accounting principles. Company maintained internal control financial reporting 2023 Internal Control - Integrated Framework (2013) COSO."
}
{
    "_id": "CPNG20230815",
    "title": "",
    "text": "management responsible consolidated financial statements internal control assessment Annual Report Internal Control Reporting Item 9A. opinions consolidated financial statements internal control audits. public accounting firm Oversight Board independent. federal securities laws rules Securities and Exchange Commission PCAOB."
}
{
    "_id": "CPNG20230816",
    "title": "",
    "text": "conducted audits PCAOB. standards require plan assurance consolidated financial statements free misstatement error fraud internal control."
}
{
    "_id": "CPNG20230817",
    "title": "",
    "text": "audits of consolidated financial statements included risks misstatement error or fraud. examining evidence amounts disclosures. accounting principles estimates management presentation. audit of internal control over financial reporting included understanding risk material weakness testing design effectiveness control risk. other procedures necessary. audits provide reasonable basis for opinions."
}
{
    "_id": "CPNG20230819",
    "title": "",
    "text": "internal control over financial reporting assurance reliability financial reporting preparation financial statements for accounting principles. includes policies procedures maintenance of records transactions dispositions assets assurance transactions recorded necessary preparation financial statements receipts expenditures with authorizations management directors prevention of unauthorized acquisition use disposition assets financial statements."
}
{
    "_id": "CPNG20230821",
    "title": "",
    "text": "limitations control financial reporting prevent misstatements. projections future risk compliance deteriorate. Coupang, Inc. Form 10-K##57"
}
{
    "_id": "CPNG20230823",
    "title": "",
    "text": "critical audit matter from current period audit of consolidated financial statements communicated to audit committee relates to accounts disclosures material challenging complex judgments. communication alter our opinion on consolidated financial statements not separate opinion."
}
{
    "_id": "CPNG20230825",
    "title": "",
    "text": "Notes 1 5 Company’s severance benefits obligation $396 million December 31, 2023. measures annually discount rates salary growth-related factors turnover mortality. reviews assumptions makes rates trends."
}
{
    "_id": "CPNG20230826",
    "title": "",
    "text": "considerations valuation severance benefits obligation critical significant judgment management high auditor judgment subjectivity effort assumptions discount rates salary growth rates professionals specialized skill knowledge."
}
{
    "_id": "CPNG20230827",
    "title": "",
    "text": "matter involved evaluating audit evidence forming opinion on consolidated financial statements. procedures included testing controls estimate severance benefits obligation. process actuarial model data assumptions discount rates salary growth rates. assumptions salary growth rates historical experience future experience. Professionals specialized actuarial model assumptions discount rates."
}
{
    "_id": "CPNG20230832",
    "title": "",
    "text": "Company auditor 2014. Coupang."
}
{
    "_id": "CPNG20230833",
    "title": "",
    "text": "."
}
{
    "_id": "CPNG20230854",
    "title": "",
    "text": "millions share retail sales,338,488 revenue,160,245 revenues,383,583,406 Cost sales,193,873,455 Operating administrative operating cost expenses,695,900 income (loss(1,494) Interest income expense Income before taxes(93),542) Income tax expense Net income (loss,360(92)(1,543) Earnings per. Weighted average shares"
}
{
    "_id": "CPNG20230856",
    "title": "",
    "text": "notes consolidated statements. Coupang."
}
{
    "_id": "CPNG20230857",
    "title": "",
    "text": "."
}
{
    "_id": "CPNG20230865",
    "title": "",
    "text": "millions Net income (loss,360(1,543) income Foreign currency translation adjustments net tax severance benefits tax income income,340(1,559)"
}
{
    "_id": "CPNG20230867",
    "title": "",
    "text": "notes consolidated statements. Coupang."
}
{
    "_id": "CPNG20230868",
    "title": "",
    "text": "."
}
{
    "_id": "CPNG20230905",
    "title": "",
    "text": "2023 2022 Assets Cash,243 Restricted cash Accounts receivable Inventories Prepaids assets Property equipment,465 Deferred tax-term lease deposits assets,346 Liabilities stockholders equity Accounts payable,099,622 Accrued expenses Deferred revenue Short-term borrowings debt liabilities,063 debt obligations,387 severance benefits liabilities,242,099 Commitments contingencies Redeemable interest Stockholders equity Common Stock 1,616 B capital,489 income deficit stockholders equity,08,414 liabilities equity,346"
}
{
    "_id": "CPNG20230907",
    "title": "",
    "text": "notes consolidated statements. Coupang."
}
{
    "_id": "CPNG20230908",
    "title": "",
    "text": "."
}
{
    "_id": "CPNG20230944",
    "title": "",
    "text": "STATEMENTS REDEEMABLE CONVERTIBLE PREFERRED UNITS EQUITY Convertible Preferred Units Units A B Common Stock Paid-in Capital Income Deficit millions Balance December 31, 2020 Net loss Foreign currency translation adjustments net tax Actuarial loss severance benefits tax Issuance common units equity compensation Equity compensation Corporate Conversion Conversion common units Class A B common stock Issuance Class Adiscounts offering costs Conversion convertible notes Class A common stock issuance common stock stock options Corporate Conversion IPO issuance common stock settlement RSUs Conversion Equity compensation Corporate Conversion IPO Balance December 31, 2021 Coupang.Form 10-K Convertible Units Units A B Common Stock Paid Capital Income Deficit millions Balance December 31, 2021 Net loss Foreign currency translation adjustments net tax Actuarial gain severance benefits net tax Net issuance common stock stock options Issuance stock settlement stock units Equity-based compensation Balance December 31, 2022 Net income Foreign currency translation adjustments net taxloss severance benefits net tax issuance common stock stock options Issuance common stock settlement restricted stock units Equity-based compensation Balance December 31, 2023,489"
}
{
    "_id": "CPNG20230946",
    "title": "",
    "text": "notes consolidated statements. Coupang."
}
{
    "_id": "CPNG20230947",
    "title": "",
    "text": "."
}
{
    "_id": "CPNG20230984",
    "title": "",
    "text": "millions Net income,360 Adjustments loss cash Depreciation amortization severance benefits Equity compensation Inventory losses fire Non-cash lease expense Deferred income taxes Non-cash operating assets liabilities Accounts receivable Inventories Other assets Accounts payable Accrued expenses liabilities Net cash Investing Purchases property activities Net cash Financing Class A common stock underwriting discounts Deferred offering costs common stock equity-based compensation short borrowings long-term debtRepayment borrowings long debt short-term borrowings financing activities cash financing exchange rate cash cash(14)(87)(81) cash equivalents restricted cash,409 Cash equivalents cash,687,810 end period#5,597,687,810"
}
{
    "_id": "CPNG20230986",
    "title": "",
    "text": "notes consolidated statements. Coupang."
}
{
    "_id": "CPNG20230987",
    "title": "",
    "text": "."
}
{
    "_id": "CPNG20230991",
    "title": "",
    "text": "Coupang Inc. subsidiaries Delaware Korean market. mobile applications websites home apparel fresh food sporting goods electronics consumables travel restaurant content streaming advertising integrated technology fulfillment logistics infrastructure. headquartered United States operations South Korea Taiwan Singapore China India."
}
{
    "_id": "CPNG20230992",
    "title": "",
    "text": "offering March 15 2021 issued sold 100 million Class A stock $35. share proceeds $3. 4 billion. Coupang converted Delaware Coupang Inc."
}
{
    "_id": "CPNG20230994",
    "title": "",
    "text": "January 2024 Farfetch Holdings luxury fashion. Note 15 Subsequent Event Farfetch."
}
{
    "_id": "CPNG20230996",
    "title": "",
    "text": "consolidated financial statements prepared accounting principles. include accounts-owned subsidiaries. intercompany accounts eliminated. amounts reclassified current. fiscal year ends December 31. References December 31."
}
{
    "_id": "CPNG20230998",
    "title": "",
    "text": "preparation consolidated financial statements. GAAP requires estimates assumptions assets liabilities disclosure contingent liabilities revenues expenses. based estimates on historical experience assumptions. results differ."
}
{
    "_id": "CPNG20231000",
    "title": "",
    "text": "two segments Product Developing. Note 3."
}
{
    "_id": "CPNG20231003",
    "title": "",
    "text": "functional currency United States dollar. Korean Won Korean Coupang Corp. primary. other subsidiaries utilize local currencies. Assets liabilities translated. S. dollars exchange rate period. Revenue expenses translated. dollars average rates. Translation adjustments included income equity exchange rate changes cash. Transaction gains losses expense statements operations. Coupang. Form 10-K"
}
{
    "_id": "CPNG20231005",
    "title": "",
    "text": "recognize revenues expected consideration reductions estimated returns discounts loyalty rewards. excludes value taxes. Historical experience returns sale expected value. include transaction price reversal information. revenue contracts multiple obligations price allocated stand-alone selling price. determine charged customers."
}
{
    "_id": "CPNG20231007",
    "title": "",
    "text": "Retail sales online sales. revenue recognized control customer delivery."
}
{
    "_id": "CPNG20231009",
    "title": "",
    "text": "revenue includes commissions logistics fees from merchants. not seller inventory. process transactions record revenue commission agent. Commission revenue order merchant. Logistics fulfillment fees services rendered."
}
{
    "_id": "CPNG20231010",
    "title": "",
    "text": "revenue includes online restaurant ordering delivery advertising services website mobile applications. Revenues recognized. Advertising revenue delivered clicks impressions."
}
{
    "_id": "CPNG20231011",
    "title": "",
    "text": "subscription Rocket WOW Fresh no minimum spend Delivery Dawn Delivery discounts free shipping discounts content streaming. benefits obligation revenue recognized."
}
{
    "_id": "CPNG20231013",
    "title": "",
    "text": "Deferred revenue relates retail sales recorded payments delivery. recognized following delivery."
}
{
    "_id": "CPNG20231015",
    "title": "",
    "text": "discount coupons loyalty rewards revenue transactions defer revenue estimated selling price revenue future transactions. coupons rewards expire six months redeemed breakage significant. issue discount coupons rewards not earned purchase. not performance obligation reduction transaction price."
}
{
    "_id": "CPNG20231017",
    "title": "",
    "text": "Cost sales purchase price products logistics costs. Inbound shipping handling costs inventory recognized. includes outbound shipping logistics expenses delivery costs restaurant delivery depreciation amortization."
}
{
    "_id": "CPNG20231019",
    "title": "",
    "text": "receive suppliers programs rebates incentives discounts advertising services website mobile applications. record amounts prices cost sales inventory sold."
}
{
    "_id": "CPNG20231022",
    "title": "",
    "text": "Operating administrative expenses include excluding sales. operating fulfillment centers Coupang. Form 10-K#66"
}
{
    "_id": "CPNG20231023",
    "title": "",
    "text": "service fees technology advertising corporate function depreciation amortization. Advertising expenses $711 million $605 million $433 million 2023 2022 2021."
}
{
    "_id": "CPNG20231025",
    "title": "",
    "text": "account equity-based employee compensation U. S. GAAP grant-date value service period. determine fair value awards granted modified valuation techniques. Forfeitures estimated revised differ."
}
{
    "_id": "CPNG20231027",
    "title": "",
    "text": "granted restricted equity units 2011 Equity Incentive Plan service performance. performance satisfied recorded equity compensation expense. fair value estimated market common units grant. outstanding awards converted into restricted stock units. granted RSUs service-based condition 2021 Equity Incentive Plan. grant-date fair value RSU recognized expense service period."
}
{
    "_id": "CPNG20231029",
    "title": "",
    "text": "granted unit options 2011 Plan four years. Corporate Conversion awards converted into stock options. grant-date value stock option expense service period. Black-Scholes option-pricing model assumptions stock price volatility employee behaviors risk-free interest rate dividends. volatility historical volatility. risk-free interest rate yields U. S. Treasury securities."
}
{
    "_id": "CPNG20231031",
    "title": "",
    "text": "accrue severance benefits Korean subsidiaries. Employee Retirement Benefit Act service severance pay rate."
}
{
    "_id": "CPNG20231032",
    "title": "",
    "text": "recognize severance benefits obligation balance sheets adjustment operating expenses. obligations measured annually actuarial assumptions methodologies. discount rates salary growth rates employee-related factors turnover retirement age mortality. review assumptions rates trends."
}
{
    "_id": "CPNG20231034",
    "title": "",
    "text": "Income taxes asset liability method. Deferred tax assets liabilities recognized future tax consequences financial statements. deferred liabilities determined financial statement tax basis tax rates."
}
{
    "_id": "CPNG20231036",
    "title": "",
    "text": "deferred tax assets net valuation allowances future. Realization future taxable income. valuation allowance historical future projected taxable income positive negative evidence. Decreases tax expense increases additional expense. Global Intangible Low-taxed Income Coupang, Inc. ##2023 Form 10-K##67"
}
{
    "_id": "CPNG20231037",
    "title": "",
    "text": "provisions incremental tax foreign income. record liability GILTI."
}
{
    "_id": "CPNG20231038",
    "title": "",
    "text": "recognize measure uncertain tax positions tax return two-step process. first step sustained examination appeals technical merits. second step tax position-likely-than-not criteria. measured largest benefit likelihood 50 percent settlement."
}
{
    "_id": "CPNG20231040",
    "title": "",
    "text": "earnings per share net income shares common stock. Diluted earnings income shares common dilutive common stock."
}
{
    "_id": "CPNG20231041",
    "title": "",
    "text": "two classes common stock A B equal rights dividends income. Earnings per share same B."
}
{
    "_id": "CPNG20231043",
    "title": "",
    "text": "Cash equivalents liquid investments maturities three months purchase withdrawn penalty."
}
{
    "_id": "CPNG20231045",
    "title": "",
    "text": "Restricted cash loan deposit interest debt repayments refunds payments suppliers. Restricted cash restrictions one year current consolidated balance sheets."
}
{
    "_id": "CPNG20231047",
    "title": "",
    "text": "Accounts receivable carrying value credit losses. trade providers customers suppliers sellers. merchants payable. Receivables suppliers sellers advertising. credit losses experience age delinquency credit quality economic regulatory conditions forecasts. write accounts losses uncollectible. December 31, 2023 2022 net receivables customers sellers $71 million $64 million. allowance amounts immaterial periods."
}
{
    "_id": "CPNG20231049",
    "title": "",
    "text": "inventories products accounted weighted average cost stated lower value. valuation requires judgments disposition sales returns liquidations recoverable values inventory categories."
}
{
    "_id": "CPNG20231051",
    "title": "",
    "text": "Property equipment historical cost less depreciation amortization. buildings land improvements furniture software vehicles heavy. Depreciation calculated lives."
}
{
    "_id": "CPNG20231053",
    "title": "",
    "text": "Depreciation amortization operating. Maintenance repairs charged. Coupang. Form 10-K"
}
{
    "_id": "CPNG20231055",
    "title": "",
    "text": "June 2021 fire damaged Deokpyeong center inventory building equipment assets. losses $158 million $138 million recognized general."
}
{
    "_id": "CPNG20231056",
    "title": "",
    "text": "insured losses FC Fire investigations continue. September received refundable payments $79 million $59 million liabilities. insurance benefit consolidated. advances non-refundable unknown."
}
{
    "_id": "CPNG20231058",
    "title": "",
    "text": "determine arrangement lease contract. Leases finance."
}
{
    "_id": "CPNG20231059",
    "title": "",
    "text": "Lease obligations assets recognized present value payments. consider options extend. determine discount rate incremental borrowing rate. expense recognized straight term."
}
{
    "_id": "CPNG20231060",
    "title": "",
    "text": "Leases twelve months expensed recognize liabilities ROU assets."
}
{
    "_id": "CPNG20231062",
    "title": "",
    "text": "Long-lived assets reviewed for impairment carrying amount. include decline market value change adverse change. Impairment losses recorded if carrying value not recoverable future cash flows. measured difference between carrying amount estimated fair value. No losses for 2023 2022 2021."
}
{
    "_id": "CPNG20231064",
    "title": "",
    "text": "financial instruments equivalents cash accounts receivable borrowings long-term debt. amounts borrowings accrued expenses value. Note 8 Value Measurement."
}
{
    "_id": "CPNG20231066",
    "title": "",
    "text": "Cash equivalents restricted cash accounts receivable credit risk. institutions funds high credit 47% 70% institutions December 31, 2023 2022. receivable three companies 51% 41% December 2023 2022."
}
{
    "_id": "CPNG20231069",
    "title": "",
    "text": "September 2022 Financial Accounting Standards Board issued 2022-04 Finance Programs Disclosure Obligations. requires finance terms balance sheet outstanding rollforward. disclosures financial statements rollforward disclosure effective fiscal years December 15 2023. Coupang, Inc. Form 10-K"
}
{
    "_id": "CPNG20231071",
    "title": "",
    "text": "2023 FASB issued ASU 2023-07 Reporting Improvements Disclosures. disclosures expenses Chief Operating Decision Maker. Early adoption. evaluating effect December 31, 2024 March 31, 2025."
}
{
    "_id": "CPNG20231072",
    "title": "",
    "text": "December 2023 FASB issued ASU 2023-09 Improvements Disclosures. requires tax expenses. Early adoption. evaluating effect disclosures effective year December 2025."
}
{
    "_id": "CPNG20231079",
    "title": "",
    "text": "net revenues millions retail sales,338,488 merchant services Other revenue net revenues,383,583,406"
}
{
    "_id": "CPNG20231080",
    "title": "",
    "text": "revenue disaggregation economic. retail sales online sales. Third-party merchant services commissions advertising delivery fees merchants. revenue Rocket WOW membership offerings."
}
{
    "_id": "CPNG20231081",
    "title": "",
    "text": "Contract liabilities payments customer loyalty credits deferred revenue. recognized revenue $89 million $86 million $60 million 2023 2022 2021 payments."
}
{
    "_id": "CPNG20231083",
    "title": "",
    "text": "own operate retail business Korean. Chief Maker Chief Executive Officer. two segments Product Commerce Developing Offerings. CODM performance."
}
{
    "_id": "CPNG20231084",
    "title": "",
    "text": "Product Commerce includes Korean retail marketplace Rocket Fresh grocery advertising. Revenues online sales commissions logistics fulfillment fees mobile application Rocket WOW membership."
}
{
    "_id": "CPNG20231085",
    "title": "",
    "text": "Offerings includes nascent Coupang Eats Play online content fintech retail operations Taiwan advertising products. Revenues restaurant retail operations Taiwan."
}
{
    "_id": "CPNG20231086",
    "title": "",
    "text": "segment operating performance measure adjusted EBITDA. income before taxes depreciation amortization equity compensation interest. excludes impairments operations."
}
{
    "_id": "CPNG20231088",
    "title": "",
    "text": "allocate expenses segments usage. CODM evaluate report segment. Coupang,. Form 10-K"
}
{
    "_id": "CPNG20231106",
    "title": "",
    "text": "operations segments reconciliation loss taxes millions Net Product Commerce,594,955,838 Developing Offerings net revenues,383,583,406 Product(361 Developing Offerings EBITDA(748) Reconciling items Depreciation amortization Equity compensation Interest expense income Other expense Fulfillment fire losses taxes,542"
}
{
    "_id": "CPNG20231108",
    "title": "",
    "text": "2021 Plan incentive stock options non-statutory options appreciation rights restricted stock awards performance awards equity-based awards. IPO awards provided 2011 Plan. 2021 Plan no further awards granted 2011 Plan forfeitures awards add amount. shares common stock increased January 1 each year 2022 through 2031 equal 5% capital stock last month or board. maximum,444,232 shares. As December 31, 2023 262,172,909 shares stock future grants."
}
{
    "_id": "CPNG20231109",
    "title": "",
    "text": "Shares subject stock awards 2021 Plan terminate without paid cash reduce available for issuance. shares available for future grant if issued or forfeited."
}
{
    "_id": "CPNG20231111",
    "title": "",
    "text": "RSUs vest 2 4 years recipient employee."
}
{
    "_id": "CPNG20231112",
    "title": "",
    "text": "RSUs performance recorded $41 million equity compensation expense 2021 cumulative catch-up adjustment service. Unrecognized recognized remaining service periods."
}
{
    "_id": "CPNG20231114",
    "title": "",
    "text": "2023 $601 million unamortized compensation costs RSU awards. 2. 4 years forfeitures. Coupang."
}
{
    "_id": "CPNG20231122",
    "title": "",
    "text": "RSU activity RSUs December 31, 2022. 29 Granted. Vested. 63 Forfeited cancelled. December 2023."
}
{
    "_id": "CPNG20231126",
    "title": "",
    "text": "information RSUs millions unit price grant-date value RSUs. 31. 24. value RSUs vesting"
}
{
    "_id": "CPNG20231128",
    "title": "",
    "text": "stock options granted estimated value shares. expire ten years grant."
}
{
    "_id": "CPNG20231129",
    "title": "",
    "text": "compensation unvested options $1 million. 8 years forfeitures."
}
{
    "_id": "CPNG20231139",
    "title": "",
    "text": "table stock option activity millions Average Exercise Price Contractual Term Intrinsic Value December 31, 2022. Forfeited cancelled. Exercised. Withheld. 31, 2023. Exercisable December 31, 2023. Expected vest December 2023."
}
{
    "_id": "CPNG20231145",
    "title": "",
    "text": "stock options estimated grant term. volatility dividend yield interest rate. 62%"
}
{
    "_id": "CPNG20231150",
    "title": "",
    "text": "information stock options millions unit price value granted. 46 options exercised#57#131 Coupang. Form 10-K"
}
{
    "_id": "CPNG20231156",
    "title": "",
    "text": "table equity compensation statements millions Cost sales Operating administrative Total#326#262#249"
}
{
    "_id": "CPNG20231168",
    "title": "",
    "text": "severance benefits millions January 1#283 service cost Interest cost losses Payments plans(84) foreign currency translation) December 31#396 Noncurrent"
}
{
    "_id": "CPNG20231169",
    "title": "",
    "text": "$288 million $225 million 2023 2022."
}
{
    "_id": "CPNG20231177",
    "title": "",
    "text": "cost millions service costs Interest cost Amortization service cost actuarial loss benefit cost#159#161"
}
{
    "_id": "CPNG20231181",
    "title": "",
    "text": "assumptions severance benefits 31, 2022 Discount rates. 30%. 80%. 10%. Salary growth rates."
}
{
    "_id": "CPNG20231185",
    "title": "",
    "text": "principal actuarial assumptions net periodic cost Discount rates. 10. 30. 70. 73. 57 Salary growth rates. 24. 48."
}
{
    "_id": "CPNG20231188",
    "title": "",
    "text": "maturity severance benefits December 31, 2023 1-2 2-5 5 severance benefits"
}
{
    "_id": "CPNG20231191",
    "title": "",
    "text": "Coupang."
}
{
    "_id": "CPNG20231193",
    "title": "",
    "text": "income taxation subsidiaries States South Korea."
}
{
    "_id": "CPNG20231204",
    "title": "",
    "text": "components income tax expense millions US dollars Current United States Foreign taxes Deferred States Foreign Deferred taxes Income tax expense"
}
{
    "_id": "CPNG20231209",
    "title": "",
    "text": "components income taxes millions US dollars United States Foreign(1,245) taxes#584(93),542)"
}
{
    "_id": "CPNG20231221",
    "title": "",
    "text": "Differences federal statutory rate consolidated level millions dollars Taxes federal statutory rate Differences Statutory rate difference valuation allowances Stock compensation Tax credit nondeductible expense Income tax expense"
}
{
    "_id": "CPNG20231223",
    "title": "",
    "text": "tax rate deferred tax assets GILTI tax credits equity compensation. Coupang."
}
{
    "_id": "CPNG20231243",
    "title": "",
    "text": "income tax deferred assets liabilities 2023 2022 Deferred tax assets Provision allowances Depreciation expenses Amortization severance benefits Lease liabilities loss Tax credits deferred tax assets,385 valuation allowances valuation,303 Deferred liabilities Lease asset deferred tax liabilities assets"
}
{
    "_id": "CPNG20231250",
    "title": "",
    "text": "valuation allowances $82 million $1. 1 billion December 2023 2022. 2022 related Korea net operating loss carryforwards. 2023 improved profitability Korea realizability deferred tax assets. 2023 released valuation allowance Korea net operating loss deferred tax assets. carrying value deferred tax assets provision income taxes $905 million. Changes valuation allowances millions January 1 Changes Derecognition allowances Changes foreign exchange rates December 31"
}
{
    "_id": "CPNG20231258",
    "title": "",
    "text": "December 31, 2023 loss carryforwards $2. 6 billion offset future income. carryforwards expire 2026 2027 loss carryforwards,366"
}
{
    "_id": "CPNG20231260",
    "title": "",
    "text": "December 31, 2023 $255 million loss Taiwan Japan 2026. Coupang."
}
{
    "_id": "CPNG20231261",
    "title": "",
    "text": "corporate tax credit $67 million taxes $49 million 2037."
}
{
    "_id": "CPNG20231262",
    "title": "",
    "text": "tax positions December 2022."
}
{
    "_id": "CPNG20231263",
    "title": "",
    "text": "tax years 2019 2023 2018 Korea."
}
{
    "_id": "CPNG20231277",
    "title": "",
    "text": "table basic diluted earnings per share millions Net income (loss,360(1,543) Weighted-average shares net income Class A B stockholders Basic equity compensation awards Earnings per share. Diluted. Anti-dilutive shares"
}
{
    "_id": "CPNG20231279",
    "title": "",
    "text": "Fair value price sell asset transfer liability transaction market measurement date. measurements three levels inputs."
}
{
    "_id": "CPNG20231285",
    "title": "",
    "text": "summarizes financial assets liabilities measured millions dollars Level 31, 2023 31, 2022 Money market trust equivalents#1,582 Money market fund cash"
}
{
    "_id": "CPNG20231287",
    "title": "",
    "text": "long-term debt recorded amortized cost. value estimated Level 2 current interest rates. approximates value December 2023 2022. Coupang."
}
{
    "_id": "CPNG20231301",
    "title": "",
    "text": "summarizes property equipment millions 2023 2022 Land Buildings years Equipment furniture 8 years improvements Vehicles 6 years Software Construction Property,102,359 Accumulated depreciation,465"
}
{
    "_id": "CPNG20231302",
    "title": "",
    "text": "2023 2022 2021 $271 $229 $200."
}
{
    "_id": "CPNG20231303",
    "title": "",
    "text": "Property equipment under construction fulfillment centers deposits recorded construction until ready transferred depreciated useful."
}
{
    "_id": "CPNG20231305",
    "title": "",
    "text": "obligated leases for vehicles equipment warehouses facilities ten years. leases contain renewal options. not lease term payments excluded lease payments. leases include termination options restrictive covenants."
}
{
    "_id": "CPNG20231306",
    "title": "",
    "text": "finance leases 2023 2022 property equipment balance sheets."
}
{
    "_id": "CPNG20231311",
    "title": "",
    "text": "components operating lease cost millions#457#410#341 Variable short-term lease cost#499#450"
}
{
    "_id": "CPNG20231316",
    "title": "",
    "text": "cash flow leases millions Cash lease liabilities#445#367#288 assets lease obligations#428#426#599 increase lease assets remeasurements lease obligations#133#109"
}
{
    "_id": "CPNG20231318",
    "title": "",
    "text": "disclosed ROU assets lease lease modifications new leases. Coupang. Form 10-K"
}
{
    "_id": "CPNG20231322",
    "title": "",
    "text": "assumptions leases 31, 2023 2022 lease term. 7. discount rate. 77."
}
{
    "_id": "CPNG20231323",
    "title": "",
    "text": "December 2023 entered leases $355 million recognized balance sheets. non-cancellable 1 10 years."
}
{
    "_id": "CPNG20231334",
    "title": "",
    "text": "millions cash-flow Cash taxes refunds Cash interest Non-cash investing financing property equipment accounts Conversion common units Class A B common stock redeemable units Class A B stock convertible notes Class A common stock"
}
{
    "_id": "CPNG20231343",
    "title": "",
    "text": "table cash equivalents restricted cash consolidated balance sheets. 31, millions Current Cash equivalents,243 Restricted cash Noncurrent cash leasehold deposits Total cash equivalents restricted cash,687,810"
}
{
    "_id": "CPNG20231346",
    "title": "",
    "text": "agreements with institutions payment obligations. settle obligations discounted price. invoices require payment. invoices owed accounts payable $459 million $337 million as of December 31, 2023 2022. Coupang financial institutions terminate agreement. Coupang. Form 10-K##78"
}
{
    "_id": "CPNG20231357",
    "title": "",
    "text": "short borrowings Limit 31, 2023 Maturity Date rate September 2024 January 2024 December 2024.-term borrowings unamortized discounts-average interest rates."
}
{
    "_id": "CPNG20231358",
    "title": "",
    "text": "interest rate AAA bonds. 35%."
}
{
    "_id": "CPNG20231359",
    "title": "",
    "text": "short-term borrowings include credit loan institutions."
}
{
    "_id": "CPNG20231373",
    "title": "",
    "text": "long-term debt millions Date Limit 31, 2023 rate Revolving Credit Facility 2024 Agreement 2024 interest rate days. August 2021. April 2023. March 2022. Loan 2024 Nov 2026. long-term debt current debt unamortized discounts-term debt"
}
{
    "_id": "CPNG20231374",
    "title": "",
    "text": "December 2023 pledged $882 million land."
}
{
    "_id": "CPNG20231375",
    "title": "",
    "text": "2021 credit facility bear interest prime federal funds overnight bank borrowing rate. 50% adjusted Secured Overnight Financing Rate one-month interest 1.% SOFR margin 1.%."
}
{
    "_id": "CPNG20231377",
    "title": "",
    "text": "2022 two-year Revolving Credit Agreement $124 million 91-day. secured $508 million inventories."
}
{
    "_id": "CPNG20231379",
    "title": "",
    "text": "January 2024 Revolving amended maturity February 2026 principal $875 million. request commitments $1. 25 billion conditions."
}
{
    "_id": "CPNG20231381",
    "title": "",
    "text": "Revolving Credit Facility covenants financial. guaranteed subsidiaries exceptions. Coupang. Form 10-K#79"
}
{
    "_id": "CPNG20231382",
    "title": "",
    "text": "Revolving Credit Facility Agreement leverage liquidity amounts."
}
{
    "_id": "CPNG20231384",
    "title": "",
    "text": "April 2023 three-year $178 million fulfillment center land. pledged $214 million land collateral. 76%."
}
{
    "_id": "CPNG20231385",
    "title": "",
    "text": "covenants borrowings agreements 2023 2022."
}
{
    "_id": "CPNG20231394",
    "title": "",
    "text": "payments-term debt December 2023 millions 2024 2025 2026 2028"
}
{
    "_id": "CPNG20231407",
    "title": "",
    "text": "summarizes commitments December 31, 2023 millions purchase obligations-term debt interest leases 2024 2025 2028 undiscounted payments,130#822,245,197 lease lease commitments"
}
{
    "_id": "CPNG20231408",
    "title": "",
    "text": "Unconditional purchase obligations contracts year not balance sheets. technology construction software licenses. variable terms estimate obligation minimum pricing reporting date."
}
{
    "_id": "CPNG20231411",
    "title": "",
    "text": "may become party to litigation legal proceedings. assess likelihood adverse judgments loss contingency assessments after probability loss. consider factors loss. determination reserves required for contingencies after each matter. reserves may change developments strategy. results final outcome on business financial position cash flows. litigation can defense settlement costs diversion management resources factors. Coupang, Inc. ##2023 Form 10-K##80"
}
{
    "_id": "CPNG20231413",
    "title": "",
    "text": "August 26, 2022 class action filed Coupang Class A common stock. Choi v. Coupang. former directors officers underwriters. Southern New York inaccurate misleading statements Coupang Registration Statement Sections 11 12 15 Securities Act 1933. amended May 22, 2023 securities fraud Sections 10 20 Securities Exchange Act 1934. seeks damages attorneys’ fees costs expenses. August December 2023 three stockholders’ derivative actions filed directors officers. Coupang nominal defendant. claims. breach fiduciary duty unjust enrichment violations securities laws. seek damages governance reforms relief. actions merit defend. estimate loss. no assurance scope outcome business financial position cash flows."
}
{
    "_id": "CPNG20231415",
    "title": "",
    "text": "June 28, 2021 Korean Fair Trade Commission initiated Monopoly Regulation Fair Trade Act preferential treatments Coupang Private Label Business. investigating. defending practices."
}
{
    "_id": "CPNG20231416",
    "title": "",
    "text": "Korean law issues civil administrative criminal proceedings. resolution fines orders alter processes criminal investigations charges. estimate penalties loss KFTC Investigations. no assurance scope outcome business financial position cash flows."
}
{
    "_id": "CPNG20231418",
    "title": "",
    "text": "certificate incorporation two classes authorizes undesignated preferred stock privileges board. capital 10 billion Class A. 250 million Class B. 2 billion undesignated preferred stock. No preferred stock December 2023 2022."
}
{
    "_id": "CPNG20231419",
    "title": "",
    "text": "shares Class A B identical except voting conversion transfer rights. A one vote. B twenty-nine votes. Class B into A transfer except transfers transferor retains sole dispositive power exclusive voting control B."
}
{
    "_id": "CPNG20231420",
    "title": "",
    "text": "IPO March 2021 notes 171,750,446 shares Class A stock."
}
{
    "_id": "CPNG20231422",
    "title": "",
    "text": "Accumulated income changes equity. foreign currency translation adjustments actuarial gains severance benefits. December 2023 2022 $43 million $45 million losses $(61 million $(43) million."
}
{
    "_id": "CPNG20231424",
    "title": "",
    "text": "December 18 2023 acquisition Farfetch luxury $500 million loan subsidiaries."
}
{
    "_id": "CPNG20231426",
    "title": "",
    "text": "established partnership loan acquiring business assets Farfetch. owned 80. 1% Coupang 19. 9% Coupang."
}
{
    "_id": "CPNG20231427",
    "title": "",
    "text": "Capital Partners related. partnership results December 2023."
}
{
    "_id": "CPNG20231428",
    "title": "",
    "text": "2023 $75 million. January 2024 $75 million. Financings capital contributions partners ownership percentages."
}
{
    "_id": "CPNG20231429",
    "title": "",
    "text": "January 30 2024 acquisition Farfetch $150 million. $150 million loan Farfetch Acquisition. fund $200 million twelve months."
}
{
    "_id": "CPNG20231430",
    "title": "",
    "text": "Farfetch subsidiary assumed Term Loans $633 million. payable October 20 2027 early repayment. quarterly installments. 25%. interest SOFR plus 6. 25% per annum. not guaranteed Coupang."
}
{
    "_id": "CPNG20231431",
    "title": "",
    "text": ". Neil Mehta member Board Directors Managing Partner Greenoaks since April 2012. ownership Class A common stock."
}
{
    "_id": "CPNG20231432",
    "title": "",
    "text": "timing initial accounting incomplete. information preliminary fair value assets liabilities assumed. expect complete accounting first quarter 2024."
}
{
    "_id": "CPNG20231435",
    "title": "",
    "text": "Greenoaks’ 19. 9% put/call option acquisition seven years no public offering Farfetch. option calculated market value Farfetch. December 31, 2023 redeemable $15 million. January 2024 contributed $45 million acquisition Farfetch additional redeemable interest. Coupang. Form"
}
{
    "_id": "CPNG20231436",
    "title": "",
    "text": "Disagreements Financial Disclosure"
}
{
    "_id": "CPNG20231437",
    "title": "",
    "text": "."
}
{
    "_id": "CPNG20231440",
    "title": "",
    "text": "December 31, 2023 disclosure controls procedures evaluated Chief Executive Chief Financial Officer assurance information reports Securities Exchange Act 1934 accumulated communicated management CFO timely decisions assurance information recorded processed summarized reported SEC’s rules forms."
}
{
    "_id": "CPNG20231441",
    "title": "",
    "text": "CEO CFO December 31, 2023 disclosure controls assurance."
}
{
    "_id": "CPNG20231443",
    "title": "",
    "text": "management internal control financial reporting Rules 13a-15 Exchange Act. Internal control assurance reliability preparation statements accounting principles."
}
{
    "_id": "CPNG20231444",
    "title": "",
    "text": "management CEO CFO internal control financial reporting Internal Control Integrated Framework Sponsoring Organizations Treadway Commission."
}
{
    "_id": "CPNG20231445",
    "title": "",
    "text": "management concluded effective December 31, 2023 Internal Control Framework."
}
{
    "_id": "CPNG20231446",
    "title": "",
    "text": "control reporting December 2023 audited PricewaterhouseCoopers Item 8 Annual Report Form 10-K."
}
{
    "_id": "CPNG20231448",
    "title": "",
    "text": "no changes in control financial reporting Rules 13a-15(d 15d-15) Exchange Act quarter December 31, 2023."
}
{
    "_id": "CPNG20231450",
    "title": "",
    "text": "management CEO CFO disclosure controls internal control financial reporting prevent errors fraud. control system reasonable assurance objectives met. limitations no evaluation assurance issues fraud detected."
}
{
    "_id": "CPNG20231453",
    "title": "",
    "text": "quarter 2023 director Section 16 officer Rule 10b5-1."
}
{
    "_id": "CPNG20231456",
    "title": "",
    "text": ". Coupang. Form"
}
{
    "_id": "CPNG20231458",
    "title": "",
    "text": "information Directors Executive Officers Audit Committee Code Business Conduct Ethics incorporated Proxy Statement 2024 Annual Meeting filed SEC 120 days after December 31, 2023. disclose amendments Code Business Conduct Ethics waivers website."
}
{
    "_id": "CPNG20231460",
    "title": "",
    "text": "Proxy Statement 2024 Annual Meeting filed SEC 120 days December 2023."
}
{
    "_id": "CPNG20231461",
    "title": "",
    "text": "Ownership Owners Shareholder"
}
{
    "_id": "CPNG20231462",
    "title": "",
    "text": "Proxy Statement 2024 Annual Meeting filed SEC 120 days December 2023."
}
{
    "_id": "CPNG20231464",
    "title": "",
    "text": "Proxy Statement 2024 Annual Meeting filed SEC 120 days December 2023."
}
{
    "_id": "CPNG20231466",
    "title": "",
    "text": "Samil PricewaterhouseCoopers Seoul 1103)."
}
{
    "_id": "CPNG20231468",
    "title": "",
    "text": "Proxy Statement 2024 Annual Meeting Stockholders filed SEC December 2023. Coupang. Form 10-K"
}
{
    "_id": "CPNG20231471",
    "title": "",
    "text": "Documents filed Financial Statements"
}
{
    "_id": "CPNG20231516",
    "title": "",
    "text": "Financial Statement Schedules. 2023 2022 2021 Schedule I Condensed Financial Information Coupang Inc. Schedules not omitted information consolidated financial statements. Exhibit Number. Date. Incorporation. 12, 2021. Registrant. Amended Restated Registration Rights Agreement Registrant stockholders December 21, 2018. 12 2020. Securities. 3 2022. Indemnification Agreement Registrant directors executive officers. LLC Amended 2011 Equity Incentive Plan agreements. 11 2021. Equity Incentive Plan. 1 2023. Executive Severance Policy. Agreement Registrant Bom Kim.13, 2021. Agreement Registrant Gaurav Anand. Registrant Hanseung Kang. Registrant Harold Rogers. 2021. Agreement Registrant Pranam Kolari. Credit Guaranty Agreement February 27, 2021 Coupang. guarantors lenders JPMorgan Chase Bank. Amendment Revolving Credit Guaranty Agreement August 3 2021 Registrant guarantors lenders JPMorgan Chase Bank. 3 2022 Coupang. Amendment Revolving Credit Guaranty Agreement December 2, 2021 Registrant guarantors lenders JPMorgan Chase Bank. 3 2022.Amendment Revolving Credit Guaranty Agreement March 1 2022 Registrant guarantors lenders JPMorgan Chase Bank. 2022. Amendment June 29, 2023 Registrant guarantors lenders JPMorgan Chase Bank. 9 2023. Amendment Agreement January 29, 2024 Coupang. guarantors lenders JPMorgan Chase Bank. 1 2024. Non-Employee Director Compensation Policy. 9 2023. Annual RSU Award Notice Agreement Non-Employee Directors. 2022. RSU Award Notice Agreement Executives. 12 2022. Agreement. Agreement Company Tae Jung Kim. 10 2023.Purchase Agreement Farfetch Holdings PLC Administrators Surpique Acquisition Limited January 30 2024. Holdings PLC Fifth Amendment Credit Agreement Accession Fee Agreement January 30 2024. Subsidiaries Registrant. Samil PricewaterhouseCoopers accounting firm. Executive Officer Section 302. Financial Officer. Inc. Recoupment) Policy. Instance Document Interactive Data File tags Inline XBRL. Taxonomy Extension Schema. Extension. Taxonomy Extension Definition. Extension. Extension. Interactive Data File Exhibit 101"
}
{
    "_id": "CPNG20231520",
    "title": "",
    "text": "certifications Exhibit 32. 1. 2 Annual Report Form 10-K not filed Securities Exchange Commission incorporated filing Coupang Inc. Securities Act 1933 Exchange Act 1934 incorporation language. 10-K"
}
{
    "_id": "CPNG20231521",
    "title": "",
    "text": "."
}
{
    "_id": "CPNG20231538",
    "title": "",
    "text": "millions Management service fee revenues Operating cost expenses(400 Interest expense income Loss equity subsidiaries(300(281) Equity Income before taxes Income tax expense Net income,360 income Foreign currency translation adjustments net tax Actuarial gain severance benefits tax income,340(1,559)"
}
{
    "_id": "CPNG20231540",
    "title": "",
    "text": "notes statements. Coupang. Form"
}
{
    "_id": "CPNG20231541",
    "title": "",
    "text": "."
}
{
    "_id": "CPNG20231564",
    "title": "",
    "text": "millions 31, 2023 2022 Assets Cash Restricted cash assets Investment subsidiaries,438,141,426 Liabilities stockholders equity liabilities Stockholders equity Common stock paid capital,489 income deficit,383 stockholders equity,089,414 liabilities equity,141,426"
}
{
    "_id": "CPNG20231566",
    "title": "",
    "text": "notes statements. Coupang. Form"
}
{
    "_id": "CPNG20231567",
    "title": "",
    "text": "."
}
{
    "_id": "CPNG20231587",
    "title": "",
    "text": "millions Operating Net cash(58) Investing Capital contribution subsidiaries(725(1,274) Increase short-term loans Net cash investing activities(1,070) Financing Proceeds issuance common units preferred units costs Deferred offering costs issuance common stock/units equity compensation plan cash financing activities Cash cash increase equivalents(706) end period"
}
{
    "_id": "CPNG20231589",
    "title": "",
    "text": "notes statements. Coupang. Form"
}
{
    "_id": "CPNG20231590",
    "title": "",
    "text": "."
}
{
    "_id": "CPNG20231594",
    "title": "",
    "text": "Parent statements consolidated Coupang Inc. subsidiaries Part II Item 8 Form 10-K. accounting policies consistent Note 1 Part II Item 8 subsidiaries equity investments."
}
{
    "_id": "CPNG20231595",
    "title": "",
    "text": "subsidiaries in Korea licenses regulated. pay dividends Parent company financial covenants positive net equity balance minimum low-risk cash-like assets current liability ratio. Parent regulatory restrictions dividend payments positive net equity balance current income."
}
{
    "_id": "CPNG20231597",
    "title": "",
    "text": "Parent $875 million unsecured credit facility Note 12 Debt February 2026. December 31, 2023 no balance."
}
{
    "_id": "CPNG20231599",
    "title": "",
    "text": "Parent guarantor subsidiaries pledged $79 million. Coupang. 10-K"
}
{
    "_id": "CPNG20231602",
    "title": "",
    "text": ". Coupang."
}
{
    "_id": "CPNG20231608",
    "title": "",
    "text": "Section 13 Securities Exchange Act 1934 registrant report signed undersigned. Bom Kim Executive Officer Chairman Board"
}
{
    "_id": "CPNG20231629",
    "title": "",
    "text": "Securities Exchange Act 1934 report signed registrant capacities dates. Signature Bom Kim Executive Officer Chairman Board 28, 2024 Gaurav Anand Financial Officer Jonathan Lee Accounting Officer Neil Mehta 28, 2024 Jason Child Pedro Franceschi Benjamin Sun Ambereen Toubassy Kevin Warsh 28, 2024 Coupang, Inc. Form 10-K"
}
{
    "_id": "DAL20230005",
    "title": "",
    "text": "global airline United States service safety innovation. served 190 million customers."
}
{
    "_id": "DAL20230007",
    "title": "",
    "text": "competitive advantages people culture reliability network loyalty financial foundation. Delta advantages."
}
{
    "_id": "DAL20230009",
    "title": "",
    "text": "Delta people culture competitive. 100,000 employees provide travel service satisfaction preference. Delta brand industry work passion. 11 Most Admired Company. 13. Glassdoor Best Places."
}
{
    "_id": "DAL20230010",
    "title": "",
    "text": "-leading profit sharing program aligns success 2023 $1. 4 billion. Shared Rewards program earned $53 million 2023."
}
{
    "_id": "DAL20230012",
    "title": "",
    "text": "committed reliability best performers best on-time arrival 2023. disruption honored Cirium Platinum Award 2024 most on-time airline North America. Wall Street Journal top airline 2023. on-time arrivals involuntary denied boardings."
}
{
    "_id": "DAL20230014",
    "title": "",
    "text": "serve 130 countries 700 destinations. 4,000 flights 280 destinations six continents."
}
{
    "_id": "DAL20230015",
    "title": "",
    "text": "network Atlanta Minneapolis. Paul Detroit Salt Lake City. passenger share competitive cost margins. Boston Los Angeles New-LaGuardia Seattle. revenue markets premium international service."
}
{
    "_id": "DAL20230016",
    "title": "",
    "text": "2023 restoring core coastal. leverage coastal gateways grow service."
}
{
    "_id": "DAL20230019",
    "title": "",
    "text": "operate hubs Amsterdam Bogota Lima London-Heathrow Mexico City Paris-Charles de Gaulle Santiago Sao Paulo Seoul-Incheon Tokyo. alliances Aeroméxico LATAM Airlines Group. Air France-KLM China Eastern Korean Air Virgin Atlantic choice. relationships access markets global travel experience. commercial joint sales marketing co-location airport. alliances equity investments."
}
{
    "_id": "DAL20230020",
    "title": "",
    "text": "global network 1,273 aircraft 2023 varied size. fleet acquiring fuel-efficient premium seating cargo. next-generation. 2023 43 aircraft A321neos A220-300s A330-900s. new aircraft 2019 28% fuel efficient seat mile retired 2019. 2024 purchase agreement Airbus 20 A350-1000 option 20. Deliveries 2026."
}
{
    "_id": "DAL20230025",
    "title": "",
    "text": "operational excellence service commitment trust Difference. elevating experience deploying aircraft airport investments New York-LaGuardia Los Angeles Salt Lake City investing digital transformation. investment service operations product airports technology brand domestic net promoter scores loyalty-pandemic. 2023 Delta trusted one Business Travel News Survey. Condé Nast Traveler. No. 12 TIME World's Best Companies 2023. 1 Points Guy's. Airlines fifth USA Today Best Airline 2023."
}
{
    "_id": "DAL20230026",
    "title": "",
    "text": "SkyMiles program lifetime members loyalty benefits personalizing engagement. aim increase value deepen engagement Delta partnerships brands SkyMiles currency beyond flight technology initiatives. continue trend increased value high-margin revenue resilient cash flows."
}
{
    "_id": "DAL20230028",
    "title": "",
    "text": "2023 profitability $2 billion free cash flow. 7. Management definitions reconciliations non-GAAP measures cash flow Information."
}
{
    "_id": "DAL20230029",
    "title": "",
    "text": "balance reducing debt priority. repaid $4. billion debt investment metrics."
}
{
    "_id": "DAL20230036",
    "title": "",
    "text": "decade transformed business people product reliability financial. diversified high-margin revenue advantages focus premium products Delta reduced reliance price sensitive. partnership American Express co-brand revenue consumer spending. Maintenance Repair Overhaul operation growth agreements jet engine manufacturers next generation platforms. cargo travel-adjacent services insurance car hotel rentals."
}
{
    "_id": "DAL20230037",
    "title": "",
    "text": "premium yield outpaced main cabin record paid load 2023 demand. grew premium seats Delta Premium Select. sale premium 62% tickets sold direct 2023. digital channels delta. com reservations specialists. Indirect channels online agencies agencies. fare product information available growth premium products."
}
{
    "_id": "DAL20230039",
    "title": "",
    "text": "SkyMiles program provides earn mileage credits Delta Connection partner airlines. Miles earned services partners. sell miles non-airline businesses airlines."
}
{
    "_id": "DAL20230040",
    "title": "",
    "text": "Miles redemptions flights upgrades Delta carriers donations charities. 2023 10% Delta award travel redeemed 30 million tickets. contract American Express. 2023 remuneration $6. 8 billion 10% 2024 $10 billion."
}
{
    "_id": "DAL20230042",
    "title": "",
    "text": "objective technology strategic differentiator. invest improvements experience operations people. investments include applications infrastructure access data. digital transformation enhances interactions personalized service experience brand revenue efficiency."
}
{
    "_id": "DAL20230043",
    "title": "",
    "text": "development technologies serve customers employees tools. digital platforms ground air. Fly Delta app digital travel concierge services notifications. ground investing smoother less stressful contactless travel experience. in-flight entertainment free Wi-Fi free SkyMiles account domestic flights full availability international regional aircraft. introduced Delta personalized experiences elevate consumer experience partnerships brands. employees investing applications meaningful interactions."
}
{
    "_id": "DAL20230047",
    "title": "",
    "text": "Venture Agreements. implemented four foreign carriers. equity investments. Note 4 Consolidated Financial Statements equity investments."
}
{
    "_id": "DAL20230052",
    "title": "",
    "text": "joint venture commercial cooperation sharing revenues profits losses marketing sales pricing revenue management network schedule planning activities. joint ventures joint venture with Air France KLM Virgin Atlantic transatlantic traffic flows. own 49% equity stake Virgin Atlantic 3% Air France KLM. with Aeroméxico trans-border traffic U. S. Mexico. 20% equity stake Grupo Aeroméxico. joint venture with LATAM traffic North South America 300 destinations. 10% equity stake LATAM. joint venture with Korean Air traffic flows United States Asia. own 15% common stock Hanjin-KAL largest shareholder Korean Air."
}
{
    "_id": "DAL20230053",
    "title": "",
    "text": "joint agreements approved granted antitrust immunity U. S. Department Transportation. immunity Aeroméxico subject pending renewal application dismissed Order Show Cause January 26, 2024. immunity renewal application."
}
{
    "_id": "DAL20230054",
    "title": "",
    "text": "Commercial Agreements China Eastern. 2% China Eastern marketing cooperation. codesharing loyalty program airport lounge sales."
}
{
    "_id": "DAL20230055",
    "title": "",
    "text": ". Aerolíneas Argentinas Aeroméxico Europa France China Eastern Czech Garuda Kenya KLM Korean Air Middle East Saudia TAROM Vietnam Virgin Atlantic Xiamen Airlines. network traffic service codesharing loyalty lounge cargo operations."
}
{
    "_id": "DAL20230056",
    "title": "",
    "text": ". marketing arrangements network. codesharing loyalty lounges promotions airport gates counters office co-location activities."
}
{
    "_id": "DAL20230060",
    "title": "",
    "text": "air service agreements domestic carriers traffic small medium-sized cities. match capacity demand."
}
{
    "_id": "DAL20230064",
    "title": "",
    "text": "regional carrier program Delta contractual arrangements \"DL\" code. arrangements Air. wholly subsidiary. Airways. Airlines."
}
{
    "_id": "DAL20230065",
    "title": "",
    "text": "agreements with regional carriers capacity purchase control scheduling pricing reservations ticketing seat inventories for flights under \"DL\" code. entitled to ticket cargo mail in-flight ancillary revenues. pay airlines amount in based on cost market rates. long-term ten years option to extend term. to terminate remove aircraft future."
}
{
    "_id": "DAL20230066",
    "title": "",
    "text": "SkyWest Airlines operates flights revenue agreement. fixed division revenues tickets."
}
{
    "_id": "DAL20230068",
    "title": "",
    "text": "global network cargo operations freight gateways. generate cargo revenues cargo space aircraft. member SkyTeam Cargo alliance eight six continents provide global solutions."
}
{
    "_id": "DAL20230069",
    "title": "",
    "text": "2023 cargo revenues lower yield demand."
}
{
    "_id": "DAL20230073",
    "title": "",
    "text": "businesses from airline operations maintenance 1,273 regional aircraft Delta TechOps serves airline customers. next-generation engines leading service provider sustainable engines. Delta Vacations provides packages consumers. excludes flight revenue."
}
{
    "_id": "DAL20230074",
    "title": "",
    "text": "Delta Vacations $840 million."
}
{
    "_id": "DAL20230082",
    "title": "",
    "text": "2023 outlined roadmap sustainable net-zero greenhouse gas emissions 2050. announced short medium long-term milestones progress. progress three renewal efficient older aircraft. Additions 2019 43 new aircraft 28% fuel efficient per seat mile retired 2019. CRJ-200 fleet 2023 least fuel-efficient fuel efficiency improvement 5. 5% compared 2019. future aviation technologies revolutionary aircraft. joined coalition Boeing Sustainable Flight Demonstrator program. aircraft design Transonic Truss-Braced Wing first. sold two retired MD-90 aircraft Boeing test planes. partnerships Airbus investment Joby Aviation transportation. modification split-scimitar winglets 737-900ER-weight 737-800 2023. three million gallons fuel savings annually.completed drag reduction system 737-800 Aero Design Labs."
}
{
    "_id": "DAL20230086",
    "title": "",
    "text": "operations Delta enhanced landing routing weight reduction. Carbon Council saved 20 million gallons jet fuel 2022 2023. reduction Council 2023 recyclable materials catering kitchens. paperless gates initiative 2023 printing. malfunctions paper maintenance costs saves 70 million pages 4,000 trees. operations 2023 purchased 500 electric ground support equipment baggage tractors loaders tow tractors. Lake Boston powered electricity."
}
{
    "_id": "DAL20230088",
    "title": "",
    "text": "investment sustainable aviation fuel 90% carbon emissions jet fuel lower alternatives net zero. SAF channeled lifecycle emissions safe engines. Global Sustainability Fuel teams SAF production offtake agreements producers. SAF. 2023 used three million gallons doubling 2022 utilization."
}
{
    "_id": "DAL20230091",
    "title": "",
    "text": "coalitions advocate policy incentives scale SAF market. founding member Americans Clean Aviation Fuels coalition. economic benefits market SAF fuels. founding member Minnesota SAF Hub partnership scaling SAF production."
}
{
    "_id": "DAL20230092",
    "title": "",
    "text": "global aviation industry-to-abate difficult decarbonize. goals expansion SAF market new technologies engagement partnerships alternative fuels costs."
}
{
    "_id": "DAL20230095",
    "title": "",
    "text": "Delta people culture advantage high-quality service. December 31, 2023 103,000 full-time equivalents 100,000."
}
{
    "_id": "DAL20230101",
    "title": "",
    "text": "human capital objectives attract retain develop people \"Delta Difference\" core brand. programs competitive compensation success promote teamwork collaboration. •Achieve high performance holistic wellbeing financial. professional community engagement. leadership training development. •Enhance culture workplace engaging equitable inclusive."
}
{
    "_id": "DAL20230102",
    "title": "",
    "text": "health safety employees objectives. Delta's Safety Management System safety culture risk safe experience."
}
{
    "_id": "DAL20230103",
    "title": "",
    "text": "commitment to diversity equity inclusion critical human capital Delta. global airline people reflect diversity customer. seek diverse talent broader representation. promote inclusion education training development insights 30,000 December 31, 2023."
}
{
    "_id": "DAL20230104",
    "title": "",
    "text": "equity learning 2023 80% officers racial equity workshop 2023. introduced diversity equity inclusion education program training."
}
{
    "_id": "DAL20230105",
    "title": "",
    "text": "reviewing revising systems practices policies diversity equity inclusion equitable outcomes. diverse talent pipeline hiring interview diversity college degree skills-first talent approach closing diversity gaps senior leadership representation women Black Latin/Hispanic."
}
{
    "_id": "DAL20230108",
    "title": "",
    "text": "believe listening engaging connecting human capital management objectives. open-door policy digital communication in-person events surveys satisfaction. senior management town hall discussions shares memos commitment culture. employee surveys engagement wellbeing diversity equity inclusion culture safety."
}
{
    "_id": "DAL20230116",
    "title": "",
    "text": "December 2023 20% full employees represented unions. airline employees bargaining Delta,960 31, 2026 Superintendents 1 2024 Endeavor Pilots 1 2029 31, 2027"
}
{
    "_id": "DAL20230117",
    "title": "",
    "text": "pilots four-year Agreement March January."
}
{
    "_id": "DAL20230118",
    "title": "",
    "text": "200 refinery employees Monroe Energy represented United Steel Workers February 28, 2026. governed National Labor Relations Act self-help expiration. employees outside. represented unions councils local groups."
}
{
    "_id": "DAL20230119",
    "title": "",
    "text": "Labor unions represent groups not represented collective bargaining."
}
{
    "_id": "DAL20230121",
    "title": "",
    "text": "impacted by price availability aircraft fuel. purchase contracts protection against price increases availability. purchase fuel spot market offshore contracts refiners price. obtain adequate supplies fuel fuel Monroe gasoline diesel refined petroleum products crude oil operations."
}
{
    "_id": "DAL20230127",
    "title": "",
    "text": "table shows aircraft fuel consumption costs Fuel consumption expense year millions Price Per Total Operating 2023#3,926,069. 2022,482. 2021,778."
}
{
    "_id": "DAL20230128",
    "title": "",
    "text": "regional carriers agreements."
}
{
    "_id": "DAL20230129",
    "title": "",
    "text": "fuel hedge refinery."
}
{
    "_id": "DAL20230133",
    "title": "",
    "text": "Monroe subsidiaries operate Trainer refinery logistics Philadelphia. pipelines terminal jet fuel operations Northeastern U. New York hubs LaGuardia JFK. distinct boards. own Monroe mitigate refining maintain supply New York."
}
{
    "_id": "DAL20230134",
    "title": "",
    "text": "Refinery Operations. 200,000 barrels oil sources providers. 2023 Monroe maintenance turnaround addressed inspections equipment new Fluidized Catalyst Cracking Unit Reactor."
}
{
    "_id": "DAL20230135",
    "title": "",
    "text": ". Monroe exchange non-jet fuel products jet fuel operations."
}
{
    "_id": "DAL20230136",
    "title": "",
    "text": ". Delta evaluating integrating Monroe net zero future. sustainability ambitions include energy efficient lowest energy intensity greenhouse emissions. steam turbines efficient electric motors steam boilers. recovering methane GHG. 10% SAF goal Monroe evaluating producing SAF renewable fuels Trainer refinery additional analyses economic operational viability. production 2023 produced test renewable diesel."
}
{
    "_id": "DAL20230138",
    "title": "",
    "text": "derivative contracts fuel prices related Monroe’s inventory. contract commodity types test effectiveness targets. monitor hedge portfolio rebalance gains losses contracts."
}
{
    "_id": "DAL20230140",
    "title": "",
    "text": "airline industry competitive routes fares schedules reliability services products service loyalty programs. evolved mergers entries alliances. Consolidation carriers joint ventures altered landscape airlines alliances financial resources global networks competitive cost structures."
}
{
    "_id": "DAL20230142",
    "title": "",
    "text": "domestic operations competition American United Airlines Alaska JetBlue Southwest Airlines discount-low-cost Allegiant Air Avelo Breeze Airways Frontier Spirit Airlines. low costs lower fares destinations Delta. competition domestic hubs airports. competition small-sized markets regional jet operations other."
}
{
    "_id": "DAL20230146",
    "title": "",
    "text": "international operations foreign domestic carriers point-to. alliance marketing codesharing agreements. carriers international transportation European Asian Latin American cities. carriers access. passenger traffic. cities."
}
{
    "_id": "DAL20230147",
    "title": "",
    "text": "joint ventures U. S. foreign carriers received antitrust immunity coordinate networks schedules pricing sales inventory. alliances SkyTeam Star Alliance oneworld alliance American British enhanced competition international markets."
}
{
    "_id": "DAL20230149",
    "title": "",
    "text": "DOT Federal Aviation Administration air transportation. DOT certificates convenience necessity. carrier DOT domestic international transportation passengers. Airline Industry Deregulation Act 1978 airlines launch terminate service. airports restriction slot-controlled schedule-facilitated airports constraints small communities \"Essential Air Services program."
}
{
    "_id": "DAL20230150",
    "title": "",
    "text": "DOT jurisdiction economic consumer protection unfair competition advertising denied boarding compensation baggage liability disabled passenger transportation. joint venture agreements carriers. economic allocation \"slots carriers. FAA safety carrier flight operations certificates air space flight personnel aircraft certification maintenance."
}
{
    "_id": "DAL20230151",
    "title": "",
    "text": "routes codesharing regulated DOT governments foreign countries. authorities approval. President defense foreign policy."
}
{
    "_id": "DAL20230152",
    "title": "",
    "text": "Transportation Security Administration. Customs Border Protection Homeland Security civil aviation passenger baggage screening. passenger prescreening."
}
{
    "_id": "DAL20230153",
    "title": "",
    "text": "Airlines federal state laws. Department of Justice airline competition. U Postal Service transportation mail. Labor relations governed Railway Labor Act National Mediation Board. Environmental federal. Privacy passenger employee data laws."
}
{
    "_id": "DAL20230155",
    "title": "",
    "text": "Airlines set prices minimal regulation price competition. international fares rates DOT foreign countries. tickets sold agents fares subject commissions overrides discounts."
}
{
    "_id": "DAL20230159",
    "title": "",
    "text": "flight operations authorized by public convenience necessity exemptions limited-entry frequency awards DOT. approvals controlled by bilateral agreements multilateral. with permits approvals foreign countries. international air transportation governed by agreements. foreign changes in. aviation policies affect operations. Bilateral agreements. countries negotiated \"Open Skies\" agreements unrestricted access. foreign markets."
}
{
    "_id": "DAL20230160",
    "title": "",
    "text": "international route authorities subject periodic renewal. request extension appropriate. DOT renews temporary authorities carrier reasonable service no assurance. authorities renewed U. S. carrier."
}
{
    "_id": "DAL20230162",
    "title": "",
    "text": "three domestic foreign airports regulated governmental entities. Each slot authorization land take off specified."
}
{
    "_id": "DAL20230163",
    "title": "",
    "text": ". FAA regulates slots exemptions authorizations Reagan National Washington. LaGuardia JFK New York. operations require. London Heathrow Tokyo Haneda international airports regulated local slot coordinators International Air Transport Association Worldwide Scheduling Guidelines local law. slots authorizations flights expand operations change schedules. no assurance allocations policies."
}
{
    "_id": "DAL20230165",
    "title": "",
    "text": "U. S. airlines labor unions governed by Railway Labor Act. labor union unrepresented craft NMB application representation dispute authorization cards signed by 50% employees. NMB investigates dispute cards conducts election. if 50% votes for representation. certified union negotiations collective bargaining agreement with employer."
}
{
    "_id": "DAL20230166",
    "title": "",
    "text": "Railway Labor Act agreement airline labor union expire amendable. party request NMB federal mediator agreement. no agreement NMB impasse offer binding arbitration. rejects arbitration 30-day \"cooling off period begins. parties engage \"self-help unless. President appoints Presidential Emergency Board. PEB maintains quo additional 60 days. agreement engage self-help. includes strike union changes airline. Congress President prevent self-help legislation settlement."
}
{
    "_id": "DAL20230170",
    "title": "",
    "text": "Environmental Compliance. operations laws greenhouse emissions noise reduction water discharges drinking water storage petroleum substances hazardous waste."
}
{
    "_id": "DAL20230171",
    "title": "",
    "text": "subject to environmental laws obligations release regulated substances investigation remediation. Soil water impacts identified at current leaseholds domestic airports. program to investigate remediate sites. outcome resolution Consolidated Financial Statements."
}
{
    "_id": "DAL20230172",
    "title": "",
    "text": "2022. Environmental Protection Agency proposed polyfluoroalkyl Environmental Response Compensation Liability Act proposed Resource Conservation Recovery Act. EPA PFAS Safe Drinking Water Act. PFAS used consumer industrial products firefighting foams. states adopted regulations governing PFAS manufacture firefighting foam PFAS. proposed rule CERCLA airports airlines refineries liability cleanup PFAS contamination state laws require transition alternative fire suppression systems. Delta aircraft hangars PFAS. impact cost Delta."
}
{
    "_id": "DAL20230173",
    "title": "",
    "text": "Emissions. Aviation industry carbon impact climate change international U. S. 2016, adopted Carbon Offsetting Reduction Scheme International Aviation. goal carbon-neutral growth 2021. growth above carbon offsets lower carbon fuel. baseline 2021 2023 2019 travel 2022 baseline 85% 2019 2024 2035."
}
{
    "_id": "DAL20230174",
    "title": "",
    "text": "pilot phase CORSIA 2021 2023 followed first 2024 second phase 2027. Countries participate United States agreed. second phase mandatory including United States. U. S. government enacted legislation. operators CORSIA. submitted emissions reports international. no offsetting obligations COVID-19 international emissions exceed new baseline next phase (2024 – 2026). CORSIA program details affected political developments impact. increase operating costs."
}
{
    "_id": "DAL20230175",
    "title": "",
    "text": "EU requires aviation in Emissions Trading Scheme. airline flights European Economic Area subject to ETS purchase emissions allowances if exceeds free allowances. flights EEA through 2023 CORSIA. 2023 EU adopted legislation until 2027 review 2026 expansion flights departing EU EEA. United withdrawal from EU UK flights EU ETS regulated under separate UK ETS. domestic EEA."
}
{
    "_id": "DAL20230178",
    "title": "",
    "text": "2017 ICAO adopted standards emissions. applied fleet types 2020 in-production 2028. not in-service aircraft. 2021 EPA finalized GHG emission standards engines upheld legal challenges. standards apply in-service aircraft."
}
{
    "_id": "DAL20230179",
    "title": "",
    "text": "airline industry regulation emissions. taxes charges requirements permits allowances emission credits GHG. 2023 EU adopted legislation SAF mandate fuel airports. jet fuel 2% SAF 2025 increases to 70% 2050. cost. Additional regulation taxation regulatory permitting requirements jurisdictions costs. fuel costs. airports adopted GHG emission climate goals requirements impact operations changes investments infrastructure. monitoring evaluating impact developments."
}
{
    "_id": "DAL20230180",
    "title": "",
    "text": ". Airport Noise Capacity Act 1990 recognizes rights operators local noise abatement programs interstate commerce national air transportation system. local noise restrictions Stage 3 aircraft after October 1, 1990 require FAA approval. operations if regulations restrictive. foreign governments restrictions impact operations expenditures. 2022 Netherlands announced plan reduce flights Schiphol Airport. 2023 airlines challenged. against industry appeal Supreme Court. U. S. European Commission governments raised concerns. November 2023 Netherlands suspended phase second-phase plan reduce flights. outcome."
}
{
    "_id": "DAL20230181",
    "title": "",
    "text": "Refinery. Monroe refinery laws regulations discharge waste management pollution greenhouse emissions."
}
{
    "_id": "DAL20230182",
    "title": "",
    "text": "Energy Policy Act 2005, expanded Energy Independence Security Act 2007, Renewable Fuel Standard created targets fuel U. S. blending gasoline on-road diesel. Renewable Identification Numbers assigned fuels. compliance. refinery blending purchasing RINs. Monroe small purchase RINs secondary market. Market prices RINs volatile speculation EPA U. Congress compliance. June 2023 EPA finalized RFS volume requirements 2023 2024 2025. below projected production Transportation Fuels price RINs."
}
{
    "_id": "DAL20230184",
    "title": "",
    "text": "participate Civil Reserve Air Fleet program. military use aircraft crew resources. airlines emergencies war. agreed international aircraft contract September 30, 2024. activated three times since 1951 2021 Afghanistan withdrawal. troops."
}
{
    "_id": "DAL20230188",
    "title": "",
    "text": ". Bastian 66 Chief Executive Delta 2016 President 2007 Northwest Airlines. 2008 2007 Executive Vice President 2005 Financial Officer Acuity Brands Senior Vice President Controller April Vice President Controller 2000."
}
{
    "_id": "DAL20230189",
    "title": "",
    "text": ". Hauenstein 63 President Delta 2016 Executive Vice President Revenue Officer Network Planning Revenue 2006 July Revenue 2005 April Vice Commercial Operating Officer Alitalia Senior Vice President Continental Airlines Scheduling Vice President 2001."
}
{
    "_id": "DAL20230190",
    "title": "",
    "text": "Allison. Ausband Vice President 2021 Senior Vice President Vice President Reservation Sales Care 2010."
}
{
    "_id": "DAL20230191",
    "title": "",
    "text": "Bellemare 62 President Delta 2021 Bombardier 2015 United Technologies 2011 February 2015)."
}
{
    "_id": "DAL20230192",
    "title": "",
    "text": ". Carter Vice President Delta Chief Legal Officer Partner Dorsey Whitney co Securities Litigation Policy Committee trial department."
}
{
    "_id": "DAL20230193",
    "title": "",
    "text": "Daniel. Janki 55 Vice President Delta 2021 Senior Vice President Power Portfolio 2020 June Business Portfolio Transformation Treasurer Business Operations CEO GE Energy Management."
}
{
    "_id": "DAL20230194",
    "title": "",
    "text": "John. Laughter 53 President Delta TechOps Chief Operations 2023 Executive Vice President 2021 Senior Vice President Flight Operations Corporate Safety Security Compliance Maintenance Operations Vice President Maintenance 2005 March 2008)."
}
{
    "_id": "DAL20230195",
    "title": "",
    "text": "Samant 57 Vice President Delta 2018 Senior Vice President 2016 Digital Officer American International Group. 2015 Global Head. 2012 Managing Director Bank America 2012)."
}
{
    "_id": "DAL20230196",
    "title": "",
    "text": "Steven. Sear 58 Vice President Delta 2016 Senior Vice President Vice President 2008 Northwest Airlines. 2005."
}
{
    "_id": "DAL20230197",
    "title": "",
    "text": "Joanne. Smith 65 Vice President Delta 2014 Senior Vice President In-Flight Service Vice Marketing President Vice Marketing Service 2004."
}
{
    "_id": "DAL20230198",
    "title": "",
    "text": "Mike Spanos 59 Delta 2023 President Six Flags Entertainment 2019 Asia Middle East North Africa PepsiCo. PepsiCo. 1993."
}
{
    "_id": "DAL20230202",
    "title": "",
    "text": "company website. delta. investor relations website. Annual Report 10-K Quarterly Reports 10-Q Current Reports Form 8-K amendments after filed Securities Exchange Commission. Information not incorporated Form 10-K securities filings part."
}
{
    "_id": "DAL20230206",
    "title": "",
    "text": "consider material risk factors Delta. risks affect business financial condition results operations future."
}
{
    "_id": "DAL20230208",
    "title": "",
    "text": "risk losses adverse publicity serious accident partners."
}
{
    "_id": "DAL20230209",
    "title": "",
    "text": "aircraft crash serious accident expose liability. insurance coverage appropriate may bear losses coverage not sufficient."
}
{
    "_id": "DAL20230210",
    "title": "",
    "text": "accident involving aircraft we operate regional could create negative perception about safety reliability harm our reputation travelers fly harm our business."
}
{
    "_id": "DAL20230211",
    "title": "",
    "text": "Breaches security technology systems compromise data expose liability disruption operations damage reputation adverse effect business."
}
{
    "_id": "DAL20230212",
    "title": "",
    "text": "business operations collect store sensitive data personal passengers employees business partners. secure operation networks systems business partners service providers critical to business operations strategy. cybersecurity risks must manage."
}
{
    "_id": "DAL20230213",
    "title": "",
    "text": "expect unauthorized parties access systems information business partners service providers fraud deception malicious code malware ransomware. successful actions harm systems compromise data networks partners remedial legal costs. Hardware software contain defects compromise information security."
}
{
    "_id": "DAL20230214",
    "title": "",
    "text": "methods obtain unauthorized access disable service sabotage systems evolving difficult to anticipate detect. review update procedures processes prevent unauthorized access misuse data. employees risks monitor update process control requirements third parties vendors for protection information customers. changing threats prevent all security breaches misuse. cybercriminals sophisticated cost of proactive defensive measures."
}
{
    "_id": "DAL20230215",
    "title": "",
    "text": "subject to global privacy security obligations customer focus privacy data security geopolitical risks international data transfer. compromise technology systems loss interruption disclosure misappropriation access information legal claims liability penalties disruption operations damage reputation affect business. costs breaches compromises material."
}
{
    "_id": "DAL20230218",
    "title": "",
    "text": "Disruptions interfere operations adverse business."
}
{
    "_id": "DAL20230219",
    "title": "",
    "text": "Disruptions information technology from technology error internal systems external interruption infrastructure power telecommunications internet. vulnerable to natural disasters terrorist attacks viruses hackers security issues. significant failure technology infrastructure networks impact operations customer service costs damage reputation. initiatives prevent disruptions disaster recovery plans experienced infrastructure disruptions. measures prevent future business disruption adverse financial consequences recent outages cloud providers."
}
{
    "_id": "DAL20230220",
    "title": "",
    "text": "Failure technology adverse effect business."
}
{
    "_id": "DAL20230221",
    "title": "",
    "text": "dependent on technology service operational effectiveness. electronic check in website airport kiosks FlyDelta mobile application. investments in technology delta. com FlyDelta mobile application-flight wireless internet check-in kiosks customer service applications biometric technology airport information displays security. investing in upgrades infrastructure transitioning to cloud-based technologies. performance reliability security technology critical. If business operations."
}
{
    "_id": "DAL20230222",
    "title": "",
    "text": "business results operations price aircraft fuel. High fuel costs crude oil."
}
{
    "_id": "DAL20230223",
    "title": "",
    "text": "impacted fuel. costs 21% 24% 20% operating expense 2023 2022 2021. prices volatile. 2023 average price gallon $2. 82. $3. 18."
}
{
    "_id": "DAL20230224",
    "title": "",
    "text": "acquire jet fuel Monroe agreements third parties. cost fuel subject volatility oil. purchased aircraft fuel Monroe. aircraft fuel contracts protection against price increases establish price market price indices."
}
{
    "_id": "DAL20230225",
    "title": "",
    "text": "passengers purchase tickets advance increase fuel price fare not increase. past increase fares offset increases fuel costs may future."
}
{
    "_id": "DAL20230226",
    "title": "",
    "text": "disruptions supply aircraft fuel Monroe business results."
}
{
    "_id": "DAL20230227",
    "title": "",
    "text": "Weather disasters political disputes oil-producing policy refining capacity environmental concerns events impact crude oil fuel supply shortages. Shortages business."
}
{
    "_id": "DAL20230230",
    "title": "",
    "text": "Unplanned disruptions production refinery jet fuel. Disruptions from major accident interruption supply crude oil work stoppages labor issues damage severe weather disasters terrorism. If refinery fuel negative results financial condition. financial benefits affected not recoverable insurance lost production repair costs."
}
{
    "_id": "DAL20230231",
    "title": "",
    "text": "Monroe's cost non-jet fuel products value financial benefits ownership refinery consolidated results."
}
{
    "_id": "DAL20230232",
    "title": "",
    "text": "commercial relationships airlines investments in carriers produce results returns."
}
{
    "_id": "DAL20230233",
    "title": "",
    "text": "strategy global network relationships with airlines joint ventures equity investments. involve challenges risks review renewal financial results satisfactory return. DOT's approval antitrust immunity agreement with Aeroméxico subject renewal application dismissed Order to Show Cause January 26, 2024. immunity remains pending adjudication renewal application."
}
{
    "_id": "DAL20230234",
    "title": "",
    "text": "dependent on carriers for network regions. work closely with control over operations business methods. operations disrupted or adverse results could be affected. If commercial arrangements not maintained investments assets could impaired business results affected."
}
{
    "_id": "DAL20230235",
    "title": "",
    "text": "significant disruption operations third parties including carriers could effect business results."
}
{
    "_id": "DAL20230236",
    "title": "",
    "text": "rely on operations performance third parties including regional carriers international alliance partners ground operation providers at airports. agreements with define service performance direct control over operations. operations disrupted performance issues compliance requirements revenue reduced expenses increased reputation harmed adverse effect business."
}
{
    "_id": "DAL20230237",
    "title": "",
    "text": "regional carriers including subsidiary Endeavor shortage pilots operating constraints. shortage carriers comply Endeavor perform reduce capacity affect revenue effect business results."
}
{
    "_id": "DAL20230240",
    "title": "",
    "text": "Agreements debt credit facilities SkyMiles financing include financial covenants. restrictions business failure default."
}
{
    "_id": "DAL20230241",
    "title": "",
    "text": "debt agreements contain financial covenants including credit facilities SkyMiles financing agreements minimum liquidity covenant. contain minimum coverage ratios. decline in coverage ratios trigger early amortization additional collateral. SkyMiles agreements restrict change policies procedures impair repayment debt. Complying with covenants limit operate business opportunities long-term."
}
{
    "_id": "DAL20230242",
    "title": "",
    "text": "covenants debt agreements subject to exceptions qualifications if comply waiver amendment refinance mitigating actions default. arrangements contain events default. default lenders noteholders declare outstanding amounts due repossess collateral aircraft assets. default indebtedness under agreement could result other agreements. significant indebtedness renegotiate repay refinance obligations no assurance."
}
{
    "_id": "DAL20230243",
    "title": "",
    "text": "Employee strikes labor disruptions."
}
{
    "_id": "DAL20230244",
    "title": "",
    "text": "business labor intensive pilots attendants ground support. December 31, 2023 20% workforce primarily pilots unionized. Relations air carriers labor unions governed Railway Labor Act agreement amendable. prohibits strikes self-help before after exhausted. NLRA governs relations union allows self help after expires."
}
{
    "_id": "DAL20230245",
    "title": "",
    "text": "we subsidiaries reach agreement with unionized work groups future or additional workforce unionized subject to work interruptions stoppages Railway Labor Act or NLRA. Strikes labor disputes with unionized employees business. third-party carriers agreement with unionized work groups subject to work interruptions stoppages operations."
}
{
    "_id": "DAL20230246",
    "title": "",
    "text": "results fluctuate."
}
{
    "_id": "DAL20230247",
    "title": "",
    "text": "results impacted by seasonality economic conditions control. Demand air travel higher June September international more vacation travel. seasonal demand financial results vary quarterly. Changes equity investments airlines cause fluctuations. factors results severe weather natural disasters disrupt service traffic problems. increases frequency thunderstorms hurricanes typhoons floods severe weather events global climate rising temperatures delays cancellations injuries fuel consumption loss revenue higher costs. results historical not indicative future interim not year."
}
{
    "_id": "DAL20230250",
    "title": "",
    "text": "environmental incident Monroe refinery financial results if insurance cover liability. damage reputation."
}
{
    "_id": "DAL20230251",
    "title": "",
    "text": "Monroe's refining operations to hazards explosions fires emissions natural catastrophes. incur losses cleanup costs fines sanctions third-party claims operations. insurance coverage cover all losses costs liabilities suffer losses uninsurable risks amounts greater than insurance coverage. insurance affected by conditions insurance market control. significant liability consolidated financial results. ownership environmental incident damage reputation financial results."
}
{
    "_id": "DAL20230252",
    "title": "",
    "text": "operation refinery Monroe subject environmental regulation. Failure regulation consolidated financial results."
}
{
    "_id": "DAL20230253",
    "title": "",
    "text": "Monroe’s operations subject to health safety laws regulations discharge waste management pollution greenhouse gas emissions change. incur fines sanctions cleanup costs third-party claims violations financial results. enactment new laws regulations increase expenditures Monroe restrict operations."
}
{
    "_id": "DAL20230254",
    "title": "",
    "text": "administering RFS. Energy Independence Security Act 2007, EPA compliance blending renewable fuels Transportation Fuels. RINs assigned renewable fuels. blended Fuels. refinery blending renewable fuels Fuels purchasing RINs."
}
{
    "_id": "DAL20230255",
    "title": "",
    "text": "Monroe small renewable fuels purchase majority RINs secondary market. exposed to market price RINs. Market prices volatile speculation EPA U. S. Congress compliance obligations. predict future prices. Monroe’s purchase results cash flows."
}
{
    "_id": "DAL20230256",
    "title": "",
    "text": "laws change minimum volumes renewable fuels blended with refined petroleum may increase. Increases volume products limit production RINs available relief financial results."
}
{
    "_id": "DAL20230257",
    "title": "",
    "text": "damage reputation brand publicity sustainability goals affect business financial results."
}
{
    "_id": "DAL20230258",
    "title": "",
    "text": "reputation global brand critical business. operate visible environment real-time exposure traditional social media. Adverse publicity social digital media. passengers social media interactions Delta. adverse publicity brand reputation damaged."
}
{
    "_id": "DAL20230261",
    "title": "",
    "text": "reputation brand impacted by failure environmental sustainability diversity equity inclusion goals public pressure negative perception environmental impact air travel. established goals to reduce greenhouse gas emissions. capital investment unable using existing fleet technologies fuel sources. climate strategy transition plan risks uncertainties on actions governments third parties capital investment research development government policies incentives to reduce cost production SAF technologies. damage to reputation brand business financial results litigation."
}
{
    "_id": "DAL20230262",
    "title": "",
    "text": "lose senior management key employees replaced comparable fail maintain culture business results."
}
{
    "_id": "DAL20230263",
    "title": "",
    "text": "dependent on experience industry knowledge officers employees design business plans. substantial turnover leadership employees comparable skills maintain company culture performance. attract retain senior management key personnel."
}
{
    "_id": "DAL20230267",
    "title": "",
    "text": "Disease outbreaks COVID-19 pandemic health threats future measures effect business."
}
{
    "_id": "DAL20230268",
    "title": "",
    "text": "COVID-19 pandemic measures spread concern about virus demand worldwide air travel business extended. Similar disease outbreaks health threats future could business."
}
{
    "_id": "DAL20230269",
    "title": "",
    "text": "operations employees quarantined sickened disease outbreak public health crisis governmental curfews \"shelter place health orders restrictions. airport in-flight employees work impact service operations business."
}
{
    "_id": "DAL20230270",
    "title": "",
    "text": "unable predict disease outbreaks health threats customers behavior travel patterns business. future disease outbreaks revenues financial condition uncertain future developments."
}
{
    "_id": "DAL20230271",
    "title": "",
    "text": "Terrorist attacks business financial results."
}
{
    "_id": "DAL20230272",
    "title": "",
    "text": "Terrorist attacks geopolitical conflict security events fear business. Despite security measures airports airline industry high target terrorist groups. rely on government threat private sources monitor threats terrorist violent extremists not. impact avoiding geopolitical conflicts targeting commercial aircraft. Security events external insider threats risk passenger cargo operations. include violence public areas."
}
{
    "_id": "DAL20230273",
    "title": "",
    "text": "Terrorist attacks geopolitical conflict security events fear passengers decreased ticket sales increased refunds. potential costs include security costs impacts avoiding flight paths flight redirections cancellations reputational harm costs. business financial condition results operations."
}
{
    "_id": "DAL20230274",
    "title": "",
    "text": "global airline industry competitive business financial condition results affected."
}
{
    "_id": "DAL20230275",
    "title": "",
    "text": "airline industry competitive routes fares schedules operational reliability services products service loyalty programs. Consolidation alliances joint ventures carriers landscape airlines financial resources networks competitive cost structures."
}
{
    "_id": "DAL20230278",
    "title": "",
    "text": "domestic operations competition from American United Airlines Alaska JetBlue Southwest Airlines discount ultra-low-cost Allegiant Air Avelo Breeze Airways Frontier Airlines Spirit Airlines. carriers low costs lower fares destinations Delta. competition at domestic hubs airports. competition small medium-sized markets regional jet operations. depends competitive cost structure. costs business financial condition results."
}
{
    "_id": "DAL20230279",
    "title": "",
    "text": "international operations foreign domestic carriers point-to. alliance marketing codesharing agreements. carriers international transportation European Asian Latin American cities. carriers access. passenger traffic. cities."
}
{
    "_id": "DAL20230280",
    "title": "",
    "text": "joint ventures U. S. foreign carriers received antitrust immunity coordinate networks schedules pricing sales inventory. alliances SkyTeam Star Alliance oneworld alliance American British enhanced competition international markets."
}
{
    "_id": "DAL20230281",
    "title": "",
    "text": "airline industry faces competition surface transportation virtual meetings. Increased competition business financial condition results."
}
{
    "_id": "DAL20230282",
    "title": "",
    "text": "interruptions major airports significant problems aircraft engine financial condition results operations."
}
{
    "_id": "DAL20230283",
    "title": "",
    "text": "airline industry on business models major airports. interruption at airport air traffic control failure computer technology weather events disasters performance issues third-party providers business financial condition results."
}
{
    "_id": "DAL20230284",
    "title": "",
    "text": "airline industry dependent on limited aircraft engine manufacturers regulatory requirements. significant problems with aircraft engine design defects mechanical problems contractual performance adverse perception customer avoidance adverse actions FAA operations if replace. financial condition results operations."
}
{
    "_id": "DAL20230285",
    "title": "",
    "text": "airline industry regulation costly affect."
}
{
    "_id": "DAL20230286",
    "title": "",
    "text": "Airlines subject regulatory legal compliance costs adverse effects business. FAA issues directives regulations maintenance operation expenditures operational implications. expect expenses comply regulations. operational impact financial results."
}
{
    "_id": "DAL20230287",
    "title": "",
    "text": "laws regulations taxes rates charges revenues business. industry heavily taxed. Additional taxes fees impact."
}
{
    "_id": "DAL20230290",
    "title": "",
    "text": "Airport slot access subject to government regulation changes impose cost airlines affect business. hubs congested airports regulatory action limit flights increase costs. Air traffic control inefficiencies enhance pressures."
}
{
    "_id": "DAL20230291",
    "title": "",
    "text": "inefficiencies in U. S. air traffic control system regulated by FAA in delays disruptions peak travel congested markets. Failure to to delays inefficiencies demand. travel operations. Failure to update funding requirements financial condition results."
}
{
    "_id": "DAL20230292",
    "title": "",
    "text": "international carrier subject U. S. foreign laws trade tariff policies export import taxes monetary policies restrictions charges. tariffs increase costs financial results."
}
{
    "_id": "DAL20230293",
    "title": "",
    "text": "operations high-risk legal compliance environments. Failure with trade sanctions Foreign Corrupt Practices Act anti-bribery laws non-U. S. jurisdictions in damages penalties consequences harm reputation financial results. consequences airline partners comply laws. FCPA."
}
{
    "_id": "DAL20230294",
    "title": "",
    "text": "We. carriers subject. foreign laws privacy passenger employee data countries evolving monitoring updates privacy. resources privacy challenging regulatory environment risks operational burdens costs regulatory enforcement legal claims."
}
{
    "_id": "DAL20230295",
    "title": "",
    "text": "airline industry subject to environmental regulation hazardous substances emissions risks climate change. cost compliance regulations failure risks climate change business."
}
{
    "_id": "DAL20230296",
    "title": "",
    "text": "operations federal laws environmental. Compliance laws capital investment costs violations fines penalties reputational harm."
}
{
    "_id": "DAL20230297",
    "title": "",
    "text": "2022 EPA proposed PFAS substances CERCLA proposed RCRA. PFAS Safe Drinking Water Act. PFAS used consumer industrial products firefighting foams. states adopted regulations PFAS manufacture sale distribution foam added PFAS. proposed rule CERCLA airports airlines refineries liability PFAS contamination laws require transition alternative fire suppression systems. impact cost Delta regulatory developments."
}
{
    "_id": "DAL20230300",
    "title": "",
    "text": "regulatory action climate change aircraft emissions noise airline industry. carbon emissions adopted emission offset program CORSIA. carbon-neutral growth international aviation 2021 carbon offsets lower carbon aviation fuel. ICAO baseline obligations 2021 to 2023 2019 travel 2022 85% 2019 2024 through 2035. CORSIA details political developments impact. CORSIA operating costs airlines."
}
{
    "_id": "DAL20230301",
    "title": "",
    "text": "CORSIA face regulation aircraft emissions U. S. abroad taxes charges requirements permits allowances emission credits. 2023 EU adopted legislation Emissions Trading System. ETS flights outside EEA Switzerland UK until 2027. review CORSIA 2026 EU ETS all flights departing EU EEA. 2023 EU adopted legislation SAF mandate on fuel EU airports. jet fuel 2% SAF 2025 increases to 70% 2050. increase cost SAF. Additional regulation taxation regulatory permitting requirements costs airline industry Delta. fuel costs. new laws regulations. impose costs affect operations. airports adopted greenhouse gas emission climate-related goals requirements impact operations changes investments infrastructure."
}
{
    "_id": "DAL20230302",
    "title": "",
    "text": "risks environmental regulation transition to lower-carbon technologies consumer preferences negative environmental affect business financial results. lower-carbon SAF not available decades expensive without government policies incentives."
}
{
    "_id": "DAL20230303",
    "title": "",
    "text": "global nature business unfavorable economic conditions volatility currency business financial condition results."
}
{
    "_id": "DAL20230304",
    "title": "",
    "text": "air travel airline industry cyclical sensitive to economic conditions. operate globally business subject to economic political conditions. unfavorable conditions. demand air travel travelers seek alternative alternatives. unfavorable economic conditions business financial condition results. changes exchange rates. dollar other currencies exchange controls currency restrictions liquidity financial conditions results."
}
{
    "_id": "DAL20230305",
    "title": "",
    "text": "international operations route network. Political disruptions instability impact demand availability travel. deterioration trade tariffs demand travel."
}
{
    "_id": "DAL20230307",
    "title": "",
    "text": "."
}
{
    "_id": "DAL20230311",
    "title": "",
    "text": "committed safeguarding unauthorized access disruption destruction. program assets supports confidentiality integrity availability business success."
}
{
    "_id": "DAL20230313",
    "title": "",
    "text": "assessing risks cybersecurity Enterprise Risk Management framework. security ERM teams review risks tools services. cybersecurity program leverages frameworks best practices Standardization 27001 standards identification protection detection response recovery. reliability scan environment vulnerabilities."
}
{
    "_id": "DAL20230314",
    "title": "",
    "text": "technology teams trained remediate vulnerabilities timeframes security team reports weekly risk. established Information Technology Risk team risk remediation activities controls thresholds."
}
{
    "_id": "DAL20230315",
    "title": "",
    "text": "training risk customers employees company information. Delta employees security privacy policies information. employees contractors annual training technology security privacy. new employees complete training 30 days hire. conduct training awareness programs campaigns."
}
{
    "_id": "DAL20230316",
    "title": "",
    "text": "engage assessors consultants auditors parties cybersecurity program focus improvement compliance. assess cybersecurity controls."
}
{
    "_id": "DAL20230317",
    "title": "",
    "text": "cybersecurity program subject TSA requirements airport operators develop TSA-approved plan cybersecurity assess effectiveness."
}
{
    "_id": "DAL20230318",
    "title": "",
    "text": "processes address cybersecurity risks third-party service providers data systems.-party risks included risk assessment cybersecurity risk identification program. cybersecurity considerations affect selection oversight third-party providers. perform diligence on third parties monitor risks. require parties agree manage risks cybersecurity audits."
}
{
    "_id": "DAL20230319",
    "title": "",
    "text": "test incident response processes exercises business cybersecurity. processes guide detect respond recover cybersecurity incidents."
}
{
    "_id": "DAL20230320",
    "title": "",
    "text": "last three fiscal years cybersecurity incidents expenses immaterial. risks business strategy financial condition Item 1A Annual Report Form 10-K incorporated Item 1C."
}
{
    "_id": "DAL20230324",
    "title": "",
    "text": "Board cybersecurity management. charter Board delegated responsibility ERM framework. receives updates cybersecurity risks information technology systems from Chief Information Officer Chief Information Security Officer. 2023 received briefings security meetings. Chief Information Officer outside legal expert special session with Board overview information security environment. Board education on cybersecurity risks. benefits expertise experience management cybersecurity companies."
}
{
    "_id": "DAL20230325",
    "title": "",
    "text": "security team led Senior Vice President reports to Executive Vice President. cybersecurity experience. holds 21 certifications Security Professional Manager Auditor."
}
{
    "_id": "DAL20230326",
    "title": "",
    "text": "Chief Information Security Officer leadership team participate in threat intelligence briefings government. members Delta Risk Council business risk. Cybersecurity risks. Delta Leadership Committee provides updates cybersecurity. incident response plan includes communication management Risk Council Leadership Committee Audit Committee Board."
}
{
    "_id": "DAL20230353",
    "title": "",
    "text": "operating aircraft fleet purchase commitments options December 31, 2023 summarized table. aircraft information fleet type Fleet Type Lease Age A220-100. A220-300. A319-100. A320-200. A321-200. A321-200neo. A330-200. A330-300. A330-900neo. A350-900. B-717-200. B-737-800. B-737-900ER. B-737-10 B-757-200.B-757-300. B-767-300ER. B-767-400ER. Total#745##103. 8#312"
}
{
    "_id": "DAL20230354",
    "title": "",
    "text": "aircraft lease operated regional carriers table."
}
{
    "_id": "DAL20230362",
    "title": "",
    "text": "table summarizes aircraft carriers December 31, 2023. retired CRJ-200. aircraft information fleet type-700-900 170 175 Endeavor Air. SkyWest Airlines. Republic Airways."
}
{
    "_id": "DAL20230363",
    "title": "",
    "text": "own 190 leases three. remainder SkyWest. Republic Airways."
}
{
    "_id": "DAL20230364",
    "title": "",
    "text": "nine CRJ-700 five-900 parked December 2023."
}
{
    "_id": "DAL20230365",
    "title": "",
    "text": "Air. subsidiary Delta."
}
{
    "_id": "DAL20230378",
    "title": "",
    "text": "investing new aircraft improved experience fuel efficiency reduced carbon emissions economics premium products. contractual purchase commitments December 31, 2023 Aircraft purchase commitments fleet type Purchase A220-300 A321-200neo A330-900neo A350-900 B-737-10"
}
{
    "_id": "DAL20230379",
    "title": "",
    "text": "timing agreements manufacturers uncertain supply manufacturing regulatory constraints."
}
{
    "_id": "DAL20230380",
    "title": "",
    "text": "January 2024 Airbus 20 A350-1000 option 20. Deliveries 2026."
}
{
    "_id": "DAL20230383",
    "title": "",
    "text": "lease land buildings. aircraft maintenance base equipment cargo flight kitchen training facilities offices Atlanta airport. lease ticket counters gate areas facilities terminal space airports. use agreements non use runways taxiways improvements facilities landing fees landings weight aircraft. to 30 years adjustments lease rates landing fees. lease aircraft maintenance equipment cargo facilities. leases cost debt service bonds. lease computer marketing offices reservations offices off-airport facilities."
}
{
    "_id": "DAL20230384",
    "title": "",
    "text": "own Atlanta Minot Dakota Chisholm."
}
{
    "_id": "DAL20230386",
    "title": "",
    "text": "Monroe subsidiaries Trainer refinery Pennsylvania. pipelines jet fuel Northeastern. hubs LaGuardia JFK."
}
{
    "_id": "DAL20230391",
    "title": "",
    "text": "July 2015, class action antitrust lawsuits filed Delta American United Southwest capacity. U. S. Department Justice served demands. consolidated Multi-District Litigation. District Court Columbia. August 2023 Court denied motions summary judgment. Fall 2023 certify decision briefing complete. claims merit defending lawsuits."
}
{
    "_id": "DAL20230393",
    "title": "",
    "text": "."
}
{
    "_id": "DAL20230397",
    "title": "",
    "text": "EQUITY STOCKHOLDER EQUITY SECURITIES"
}
{
    "_id": "DAL20230399",
    "title": "",
    "text": "stock New York Stock Exchange."
}
{
    "_id": "DAL20230401",
    "title": "",
    "text": "2024 2,100 holders stock."
}
{
    "_id": "DAL20230403",
    "title": "",
    "text": "dividends 2020 re-instated quarterly dividend program 2023 $0. 10 share September December quarters. expects dividends Delaware law credit facilities. payments financial condition cash requirements future prospects."
}
{
    "_id": "DAL20230405",
    "title": "",
    "text": "graph returns 2023 Standard & Poor's 500 Stock NYSE ARCA Airline Index. assumes $100 invested dividends reinvested."
}
{
    "_id": "DAL20230416",
    "title": "",
    "text": "table presents information purchases common stock December 2023 quarter. reflects shares withheld employees tax obligations Delta Air Lines. Performance Compensation Plan. Plan withholding shares maximum. withheld \"issuer purchases. purchased withheld employee awards December 2023 quarter Period Number Shares Purchased Price Paid Per Share Publicly Announced Plans Programs Dollar Value Shares October 2023. November 2023,751. December 2023,340. Total"
}
{
    "_id": "DAL20230419",
    "title": "",
    "text": "MANAGEMENT FINANCIAL RESULTS"
}
{
    "_id": "DAL20230420",
    "title": "",
    "text": "Form 10-K year December 31, 2021. Discussion comparisons 7. Management's Discussion Analysis Annual Report year December 31, 2022. financial condition results read audited Consolidated Financial Statements notes financial information material risk factors."
}
{
    "_id": "DAL20230422",
    "title": "",
    "text": "2023 income $5. 5 billion $1. 9 billion 2022 adjusted $6. 3 billion $2. 8 billion 2022. revenue."
}
{
    "_id": "DAL20230423",
    "title": "",
    "text": ". 2023 revenue increased $7. 5 billion 15% 17% capacity international domestic. Total revenue increased 2023 $9. 1 billion 20%. refinery sales."
}
{
    "_id": "DAL20230424",
    "title": "",
    "text": ". increased $5. 6 billion 12% 2022 costs wages profit sharing pilot agreement volume 17% increase capacity offset refinery sales. increased $6. 3 billion 15% 2022. refinery sales pilot agreement."
}
{
    "_id": "DAL20230425",
    "title": "",
    "text": "operating cost seat mile decreased 4% 2022 19. 31 cents 17% capacity fuel refinery. Non-fuel costs increased. 3% 13. 17 cents."
}
{
    "_id": "DAL20230426",
    "title": "",
    "text": ". income $87 million 2023 expense $1. 7 billion 2022 gains interest debt reduction pension expenses."
}
{
    "_id": "DAL20230427",
    "title": "",
    "text": ". $6. 5 billion ticket sales. $3. billion $5. 3 billion capital expenditures $2. 2 billion redemptions short. $2. billion free cash."
}
{
    "_id": "DAL20230428",
    "title": "",
    "text": "2023 cash outflows $4. billion debt $2. billion early repayments maturities. cash investments principal $6. 8 billion."
}
{
    "_id": "DAL20230429",
    "title": "",
    "text": "non-GAAP income revenue expense CASM free cash flow defined Information."
}
{
    "_id": "DAL20230446",
    "title": "",
    "text": "Ended December millions Ticket Main cabin,477,081 Premium products,230,889 Loyalty travel awards Travel-related services Total passenger revenue,691 Cargo,314 Total operating revenue TRASM (cents. 34. Third-party refinery sales. TRASM adjusted. 55."
}
{
    "_id": "DAL20230447",
    "title": "",
    "text": "amounts table calculate rounding."
}
{
    "_id": "DAL20230448",
    "title": "",
    "text": "adjustments TRASM Information."
}
{
    "_id": "DAL20230450",
    "title": "",
    "text": "operating revenue increased $7. 5 billion 15% 2022 17% capacity international domestic premium cabin. offset third-party refinery sales. decreased 2% third-party refinery sales."
}
{
    "_id": "DAL20230451",
    "title": "",
    "text": "Segment refinery operations third-party sales revenue period."
}
{
    "_id": "DAL20230459",
    "title": "",
    "text": "(Decrease. Year Ended December 31, millions Ended December 31, 2023 Revenue (Traffic (Capacity Mile Yield Factor Domestic#33,968 Atlantic,057# Latin America,798# Pacific##101 Total passenger revenue#48,909##22"
}
{
    "_id": "DAL20230461",
    "title": "",
    "text": "passenger revenue 2023 2% 12% revenue 10% capacity load."
}
{
    "_id": "DAL20230462",
    "title": "",
    "text": "Domestic revenue 2023 above 2022 strong coastal markets New York Boston business travel 10% increase capacity 2022. spending patterns services returning historical. higher growth premium product revenue Delta One Comfort+) new aircraft premium seat capacity yield consumers. 2024 moderate capacity growth."
}
{
    "_id": "DAL20230466",
    "title": "",
    "text": "passenger revenue 2023 increased 49% capacity 31% 2022. Atlantic European destinations."
}
{
    "_id": "DAL20230467",
    "title": "",
    "text": "Consumers transatlantic travel 2023 30% capacity growth 2022. led Europe premium products."
}
{
    "_id": "DAL20230468",
    "title": "",
    "text": "Latin America revenue 2023 South America Caribbean 16% increase capacity. venture LATAM streamlined travel North South America airports."
}
{
    "_id": "DAL20230469",
    "title": "",
    "text": "Pacific demand Japan 75% capacity pandemic restrictions venture Korean Air."
}
{
    "_id": "DAL20230477",
    "title": "",
    "text": "Ended December 31, millions Refinery,379 Loyalty program Ancillary businesses Miscellaneous,104 revenue,416,314"
}
{
    "_id": "DAL20230478",
    "title": "",
    "text": ". sales third parties. decreased $1. 6 billion 2022. lower pricing turnaround completed September November 2023. Segment details sales."
}
{
    "_id": "DAL20230479",
    "title": "",
    "text": "Loyalty Program. brand performance obligations miles redemption non-travel awards. spend American Express acquisitions. Express co-brand card spend."
}
{
    "_id": "DAL20230480",
    "title": "",
    "text": ". aircraft vacation wholesale operations."
}
{
    "_id": "DAL20230481",
    "title": "",
    "text": "Miscellaneous. lounge American Express codeshare revenues. increase Delta Sky Club."
}
{
    "_id": "DAL20230501",
    "title": "",
    "text": "December millions Salaries costs,607,902,705 Aircraft fuel taxes,069 Ancillary businesses refinery services,041 Landing fees rents maintenance repairs Depreciation amortization Passenger expenses carrier expense Passenger service Profit Pilot agreement expenses Aircraft rent operating expense"
}
{
    "_id": "DAL20230502",
    "title": "",
    "text": "variances not meaningful management."
}
{
    "_id": "DAL20230503",
    "title": "",
    "text": ". Delta pilots four-year Agreement January 2023. rule pay rate increases initial rate increase 18%. effects expenses."
}
{
    "_id": "DAL20230504",
    "title": "",
    "text": "implemented pay non-pilot 5% April 1 2023. 8,000 December 31, 2023 2022 in-flight service operations maintenance. salaries costs."
}
{
    "_id": "DAL20230513",
    "title": "",
    "text": "Aircraft Fuel Taxes. expense decreased $413 million 2022 18% decrease market price jet fuel offset 15% increase consumption 17% increase capacity. expense average price gallon December Fuel purchase cost. Fuel hedge impact. Refinery segment impact. Total fuel expense,069."
}
{
    "_id": "DAL20230514",
    "title": "",
    "text": "price jet fuel taxes."
}
{
    "_id": "DAL20230515",
    "title": "",
    "text": "Ancillary Businesses Refinery. sales maintenance vacation wholesale operations. lower refinery sales decreased $1. 6 billion 2022. lower pricing turnaround September 2023."
}
{
    "_id": "DAL20230516",
    "title": "",
    "text": "Contracted Services. expenses higher-volume capacity inflationary."
}
{
    "_id": "DAL20230519",
    "title": "",
    "text": "Landing Fees Rents. increase higher rates redevelopment more flights increased capacity."
}
{
    "_id": "DAL20230520",
    "title": "",
    "text": "Aircraft Maintenance Materials Repairs. increased engine overhauls B-757 higher material costs."
}
{
    "_id": "DAL20230521",
    "title": "",
    "text": "Passenger Commissions Expenses. revenue 2023 commissions expenses."
}
{
    "_id": "DAL20230522",
    "title": "",
    "text": "Passenger Service. expenses 2022 volume."
}
{
    "_id": "DAL20230523",
    "title": "",
    "text": "Profit Sharing. increased $820 million 2023 profit. pays 10% employees first. billion profit 20% above."
}
{
    "_id": "DAL20230524",
    "title": "",
    "text": "Pilot agreement expenses. salaries agreement one-time payment 2023 $735 million. adjustments benefit $130 million."
}
{
    "_id": "DAL20230525",
    "title": "",
    "text": ". increase due volume expenses capacity travel costs inflationary pressures."
}
{
    "_id": "DAL20230534",
    "title": "",
    "text": "Ended December 31, Interest expense Gain investments(783 Loss extinguishment debt Pension Miscellaneous non income(1,747)"
}
{
    "_id": "DAL20230535",
    "title": "",
    "text": "Interest expense. decreased 2022 reduced debt reduction increased income. expense pre-paying debt maturities. 2023 $4. 1 billion debt lease obligations early repayment $1. 4 billion SkyMiles Term Loan $585 million principal repayments. pre-pay debt 2024. income increased higher interest rates short-term investment balances 2023."
}
{
    "_id": "DAL20230536",
    "title": "",
    "text": "Gain investments. Note 4 Consolidated Financial Statements equity investments. increase 2022 due unrealized gains 2023 Wheels Up Hanjin-KAL LATAM. $786 million gain Wheels Up New York. December 31, 2023 Wheels Up float under 5% shares volatility. losses related LATAM Hanjin-KAL Wheels Up."
}
{
    "_id": "DAL20230539",
    "title": "",
    "text": "Loss extinguishment debt. reflects early repayment."
}
{
    "_id": "DAL20230540",
    "title": "",
    "text": "Pension. postretirement benefit plans. Note 9 Consolidated Financial Statements employee benefit plans."
}
{
    "_id": "DAL20230541",
    "title": "",
    "text": ". equity investments charitable contributions foreign exchange gains. Note 4 Financial Statements equity."
}
{
    "_id": "DAL20230543",
    "title": "",
    "text": "tax rate 2023 18%. impacted equity investments capital assets. December 31, 2023 $4. 5 billion. federal pre-tax net loss carryforwards 2025. $800 million generated 2018 2029."
}
{
    "_id": "DAL20230544",
    "title": "",
    "text": "expect annual tax rate 23% 25% 2024. adjustments deferred tax estimates adjustments equity tax laws impact tax rate."
}
{
    "_id": "DAL20230545",
    "title": "",
    "text": "Note 11 Consolidated Financial Statements."
}
{
    "_id": "DAL20230547",
    "title": "",
    "text": "refinery Monroe produces gasoline diesel jet fuel. non-jet fuel jet fuel airline. jet fuel provides 200,000 barrels per day 75% consumption airline."
}
{
    "_id": "DAL20230558",
    "title": "",
    "text": "-September 2023 refinery turnaround refined products. long-term maintenance plan repairs upgrades. financial information Ended December 31, millions Exchange products refined products airline segment Third-party refinery sales,379 Operating revenue,706 income impact average price fuel gallon."
}
{
    "_id": "DAL20230559",
    "title": "",
    "text": "Refinery revenues decreased 2023 exchange sales. lower pricing turnaround September. operating income lower pricing turnaround."
}
{
    "_id": "DAL20230562",
    "title": "",
    "text": "refinery EPA requirements renewable fuels gasoline diesel. RINs. Monroe small RINs secondary market. incurred $323 million RINs compliance costs 2023 $576 million 2022. RINs prices declined acquired assets 2023 RINs obligation."
}
{
    "_id": "DAL20230563",
    "title": "",
    "text": "2023 retired $700 million 2021 2022 obligations."
}
{
    "_id": "DAL20230564",
    "title": "",
    "text": "refinery 14 Consolidated Financial Statements."
}
{
    "_id": "DAL20230580",
    "title": "",
    "text": "Ended December 31, Consolidated Revenue passenger miles,480 Available seat miles,226 Passenger mile yield. Passenger revenue seat mile. Total revenue seat mile. adjusted. Cost seat mile. Passenger load factor Fuel gallons consumed Average price fuel gallon. 82. adjusted. full employees end period"
}
{
    "_id": "DAL20230581",
    "title": "",
    "text": "operations regional carriers agreements. Full-time exclude."
}
{
    "_id": "DAL20230582",
    "title": "",
    "text": "-GAAP measures TRASM CASM fuel price Information."
}
{
    "_id": "DAL20230583",
    "title": "",
    "text": "refinery fuel hedge."
}
{
    "_id": "DAL20230587",
    "title": "",
    "text": "December 31, 2023 $6. 8 billion cash equivalents investments principal revolving credit facilities. twelve months short-term investments. long cash financing arrangements."
}
{
    "_id": "DAL20230590",
    "title": "",
    "text": "2023 $6. 5 billion cash. 4 billion 2022."
}
{
    "_id": "DAL20230591",
    "title": "",
    "text": "cash flow impacted"
}
{
    "_id": "DAL20230592",
    "title": "",
    "text": "Seasonality Advance Ticket Sales. sell tickets air travel travel date. record deferred revenue air traffic liability. increases winter spring decreases summer fall."
}
{
    "_id": "DAL20230593",
    "title": "",
    "text": ". 21% operating expense 2023. market jet fuel volatile cash flows. average fuel price gallon decreased 2023. elevated jet fuel prices 2024. capacity increased fuel consumption higher 2023. consumption 2024 fuel efficiency."
}
{
    "_id": "DAL20230594",
    "title": "",
    "text": "expect commitment environmental sustainability increased use SAF not available competitive jet fuel. adverse effect Financial Statements predict financial impact increased government policies incentives third-party investment SAF necessary larger quantities."
}
{
    "_id": "DAL20230595",
    "title": "",
    "text": "Employee Benefit. sponsor defined benefit pension plans retirees. closed frozen future accruals. funding governed Employee Retirement Income Security Act legislation. no minimum funding 2023 2024. satisfy future benefit payments. vary. performance statutory requirements demographic data."
}
{
    "_id": "DAL20230596",
    "title": "",
    "text": "benefit obligations unfunded postretirement postemployment plans. Note 9 Consolidated Financial Statements."
}
{
    "_id": "DAL20230597",
    "title": "",
    "text": "Profit Sharing. employee profit sharing program annual pre-tax profit portion employees. defines profit pre-tax profit adjusted profit sharing items."
}
{
    "_id": "DAL20230598",
    "title": "",
    "text": "profit February. paid $563 million 2023 goals. recorded $1. 4 billion profit pre-tax profit February 2024."
}
{
    "_id": "DAL20230601",
    "title": "",
    "text": "Contract Carrier Obligations. estimated obligations agreements carriers. required levels. December 31, 2023 $8. 8 billion $1. 3 billion to $1. 6 billion five years. Note 10 Consolidated Financial Statements."
}
{
    "_id": "DAL20230602",
    "title": "",
    "text": "Lease Obligations. Note 7 Financial Statements December 2023 $9. 2 billion. $800 million $1. billion five."
}
{
    "_id": "DAL20230603",
    "title": "",
    "text": "York-JFK Airport Expansion. facilities Terminal 4 JFK premium. operated JFK International Air Terminal Port Authority New York Jersey. long-term agreement sublease 2043."
}
{
    "_id": "DAL20230604",
    "title": "",
    "text": "2021 Port Authority approved renovate Terminal 4 Delta relocation. 10 gates facilities Sky Club premium lounge. $1. 6 billion funded bonds 2022 New York Transportation Corporation obligor. Delta premises. Construction 2021 2023 completed consolidated operations Terminal 4."
}
{
    "_id": "DAL20230605",
    "title": "",
    "text": ". payments goods aviation insurance technology sponsorships third-party. December 2023 $9. 2 billion obligations $300 million to $1. 1 billion five."
}
{
    "_id": "DAL20230607",
    "title": "",
    "text": ". 2023 redeemed $2. 2 billion. 1 3 Consolidated Financial Statements."
}
{
    "_id": "DAL20230608",
    "title": "",
    "text": ". Cash Flows $5. 3 billion $6. 4 billion 2023 2022. aircraft airport fleet modifications technology enhancements."
}
{
    "_id": "DAL20230609",
    "title": "",
    "text": "committed future aircraft purchases obtained long-term financing purchase price. York-LaGuardia 2024 capital spend $5 billion aircraft deliveries fleet modifications technology enhancements. aircraft fleet renewal environmental sustainability climate goals capital investment. Note 10 Financial Statements aircraft purchase commitments $17. 5 billion December 31, 2023."
}
{
    "_id": "DAL20230610",
    "title": "",
    "text": "York-LaGuardia Redevelopment. Port Terminals C D 37 gates concourses headhouse. Delta Sky Club wider concourses seating double concessions. access parking garage improved roadways drop-off-up areas. Construction phased inconvenience."
}
{
    "_id": "DAL20230611",
    "title": "",
    "text": "opened Concourse E G headhouse terminal roadways D F. acceleration 2020 completion 2024."
}
{
    "_id": "DAL20230614",
    "title": "",
    "text": "redevelopment 2017 entered amended terminal lease Port Authority term through 2050. funding debt issuance cash design management construction terminal off-premises facilities receiving Port Authority contribution $500 million responsible operations maintenance lease preferential rights gates Port accommodation."
}
{
    "_id": "DAL20230615",
    "title": "",
    "text": "project $4. 3 billion spent $3. 7 billion. net cost $3. 8 billion risks. loan agreements debt restricted cash. spent $500 million $650 million $950 million 2023 2022 2021. $500 million 2024. Note 6 $878 million NYTDC Special Facilities Revenue Bonds Series 2023."
}
{
    "_id": "DAL20230616",
    "title": "",
    "text": "Los Angeles Airport. redevelopment modernizing post-security Terminals 2 3. lease 2016 City Los Angeles. ticketing arrival hall security checkpoint infrastructure ramp improvements post-security connector Tom Bradley International Terminal."
}
{
    "_id": "DAL20230617",
    "title": "",
    "text": "project $2. 4 billion. majority funded Regional Airports Improvement Corporation California revolving credit facility. facility executed 2017 guaranteed obligations RAIC. 2023 capacity reduced $626 million. Loans repaid purchase assets. appropriated $1. 8 billion purchase assets maximum reimbursement. Costs $1. billion not reimbursed. net project costs $600 million $350 million investing $200 million operating activities 2017."
}
{
    "_id": "DAL20230618",
    "title": "",
    "text": "2020 enhanced customer-friendly Terminal 3 Delta Sky Club baggage upgrades. 2023 completed construction."
}
{
    "_id": "DAL20230619",
    "title": "",
    "text": ". expanded partnership new credit facility. $390 million loan contributed $150 million $240 million $100 million liquidity facility liquidity below $100 million. $150 million contribution investing outflow."
}
{
    "_id": "DAL20230621",
    "title": "",
    "text": "Debt Finance Leases. 2023 cash outflows $4. 1 billion debt leases $1. 4 billion notes SkyMiles Term Loan $585 million principal repayments notes. pre-pay debt 2024."
}
{
    "_id": "DAL20230622",
    "title": "",
    "text": "March 2023 Fitch S&P debt stable positive. September S&P BB+."
}
{
    "_id": "DAL20230623",
    "title": "",
    "text": "debt leases. billion December."
}
{
    "_id": "DAL20230626",
    "title": "",
    "text": "Debt Obligations. Note 6 Financial Statements maturities 2024 2025 $2. 6 billion $2. billion 2026 2028 $1. 9 billion $2. 6 billion annually. maturities after 2028 $7. 2 billion. interest payments agreements. $4. billion $300 million to $800 million five years. pre-pay debt 2024."
}
{
    "_id": "DAL20230627",
    "title": "",
    "text": "Lease Obligations. Note 7 December 2023 $1. 6 billion obligations. $200 million $400 million five."
}
{
    "_id": "DAL20230628",
    "title": "",
    "text": "Capital Returns Shareholders.-instated quarterly dividend. per share September December dividend $128 million."
}
{
    "_id": "DAL20230629",
    "title": "",
    "text": "February 8 2024 quarterly dividend. 10 March 18 2024 shareholders."
}
{
    "_id": "DAL20230630",
    "title": "",
    "text": "Undrawn Lines. December 31, 2023 $2. 9 billion undrawn. $450 million outstanding letters."
}
{
    "_id": "DAL20230631",
    "title": "",
    "text": ". debt agreements December 31, 2023. Note 6 Consolidated Financial Statements."
}
{
    "_id": "DAL20230635",
    "title": "",
    "text": "critical accounting estimates accounting principles. significant estimation uncertainty consolidated results financial condition. actual results differ. accounting policies Note 1 Consolidated Financial Statements."
}
{
    "_id": "DAL20230637",
    "title": "",
    "text": "SkyMiles loyalty program incentives Delta. miles Delta Connection. earn miles loyalty program status fare class ticket price. miles companies. Miles redeemable travel Delta Sky Club awards. sell miles non-airline businesses airlines."
}
{
    "_id": "DAL20230638",
    "title": "",
    "text": "loyalty program passenger ticket sales miles sale miles companies."
}
{
    "_id": "DAL20230639",
    "title": "",
    "text": "Passenger Ticket Sales Earning Miles. provide miles earned air transportation performance obligations. value obligation. value redeeming miles equivalent ticket value. adjusted for miles not redeemed (\"mileage. statistical models estimate mileage breakage redemption patterns. change assumptions redemption activity revenue. recognize mileage breakage remaining miles redeemed."
}
{
    "_id": "DAL20230640",
    "title": "",
    "text": "December 31, 2023 deferred revenue SkyMiles $8. 4 billion. 10% change less 1% revenue."
}
{
    "_id": "DAL20230641",
    "title": "",
    "text": "defer revenue miles earned recognize loyalty travel awards revenue transportation. record air transportation traffic liability recognize revenue transportation unused. 10% increase ETV mile revenue less 1% 2023 revenue deferred."
}
{
    "_id": "DAL20230642",
    "title": "",
    "text": "Sale Miles Companies. Customers earn miles agreements. contracts performance obligations. Payments due monthly miles sold terms one to years. 2023 2022 2021 cash sales $6. 9 billion $5. 7 billion $4. 1 billion allocated travel performance obligations."
}
{
    "_id": "DAL20230643",
    "title": "",
    "text": "contract miles co-brand credit card American Express. agreements joint marketing benefits Delta-American Express holders Membership Rewards participants database. Cardholders earn miles check first bag discounted access Delta Sky Club priority boarding benefits. exchange points for miles. sell miles rates American Express co-brand Membership Rewards."
}
{
    "_id": "DAL20230646",
    "title": "",
    "text": "account marketing agreements American Express products services. selling prices award travel priority boarding baggage waivers lounge access brand. determine discounted cash flow analysis miles awarded redeemed ETV travel mileage rates baggage fees discounted Delta Sky Club lounges benefits brand value royalties volume discounts partners."
}
{
    "_id": "DAL20230647",
    "title": "",
    "text": "defer travel loyalty recognize awards revenue miles redeemed transportation provided. services flight baggage travel-related. Delta Sky Club lounge access miscellaneous provided. performance obligations brand value recorded loyalty program miles delivered."
}
{
    "_id": "DAL20230648",
    "title": "",
    "text": "mile redemptions majority new miles redeemed two years. loyalty program deferred revenue current liability revenue twelve months noncurrent liability beyond."
}
{
    "_id": "DAL20230649",
    "title": "",
    "text": "loyalty program Note 2 Consolidated Financial Statements."
}
{
    "_id": "DAL20230651",
    "title": "",
    "text": "defer sales passenger tickets airlines air traffic liability. Passenger revenue recognized transportation. tickets reduce traffic liability remitted. liability includes sales travel credits cost ticket. evaluate liability record adjustments Consolidated Statement Operations. adjustments relate tickets unused refunds exchanges transactions other airlines final settlement original sales price."
}
{
    "_id": "DAL20230652",
    "title": "",
    "text": "estimate ticket breakage revenue flight. experience terms behavior. December 31, 2023 air traffic liability balance $7. billion. 10% change tickets less 1% revenue."
}
{
    "_id": "DAL20230653",
    "title": "",
    "text": "accounting ticket Note 2 Consolidated Financial Statements."
}
{
    "_id": "DAL20230655",
    "title": "",
    "text": "apply fair value-based impairment test goodwill indefinite-lived assets annual of October 1) impairment loss interim. assess value assets qualitative quantitative approach. qualitative consider market factors key assumptions. analyze fair value. If likely asset impaired quantitative approach assess fair value impairment. quantitative calculate fair value assumptions."
}
{
    "_id": "DAL20230658",
    "title": "",
    "text": "evaluate goodwill impairment value unit public company multiples future cash flows. quantitative impairment assessment indefinite-lived intangible assets value estimated recent market transactions royalty method Delta tradename future cash flows."
}
{
    "_id": "DAL20230659",
    "title": "",
    "text": "Key Assumptions. impairment tests include forecasted revenues expenses cash flows discount rates market transactions regulatory environment. access antitrust. consistent with market participants. goodwill indefinite-lived intangible assets impairment transaction amounts differ. intangible assets fair values carrying values value measurements."
}
{
    "_id": "DAL20230660",
    "title": "",
    "text": "events indefinite to definite-lived. Factors include negative trends market capitalization reduced profitability lower passenger mile yields higher input costs lower passenger demand weakened. economies interruption strike terrorist attack regulatory environment. access antitrust competitive changes strategic changes diminished utilization intangible assets."
}
{
    "_id": "DAL20230661",
    "title": "",
    "text": ". airline $9. December 31, 2023."
}
{
    "_id": "DAL20230662",
    "title": "",
    "text": "Intangible Assets. airline $6. billion December 31, 2023 $5. 9 billion indefinite-lived. routes slots Delta tradename alliances. marketing maintenance agreements."
}
{
    "_id": "DAL20230663",
    "title": "",
    "text": "2023 assessments goodwill indefinite-lived assets no assets fair value exceeded carrying value 20%. Assumptions sensitive future events macroeconomic risk. revenues affect fair values. Management evaluated estimates assumptions market industry conditions."
}
{
    "_id": "DAL20230664",
    "title": "",
    "text": "goodwill indefinite accounting policies Note 5 Consolidated Financial Statements."
}
{
    "_id": "DAL20230666",
    "title": "",
    "text": "sponsor defined benefit pension plans employees retirees. closed frozen future. unfunded obligation $145 million obligation $15. 9 billion assets $15. 8 billion. no minimum funding 2023 2024. assumptions discount rate return life expectancy."
}
{
    "_id": "DAL20230667",
    "title": "",
    "text": ". annualized rates yield-to-maturity analyses future payments. average discount rate obligations 5. 31%. 62% December 2023 2022."
}
{
    "_id": "DAL20230670",
    "title": "",
    "text": "Expected Long-Term Rate Return. based investment studies market volatility data. excess return expectations market indices incorporated projections. premium investing less liquid private markets. review annually."
}
{
    "_id": "DAL20230671",
    "title": "",
    "text": "investment strategy defined benefit pension plan long-term return target risk liquidity benefits obligations. public private equity fixed income real assets hedge funds. expected long-term return 7.%."
}
{
    "_id": "DAL20230678",
    "title": "",
    "text": "impact. 50% change discount rate.%-term return assets table Benefit plan effects assumptions 2024 Pension Cost Accrued Pension Liability December 31, 2023. 50% decrease discount rate. 50% increase discount.% decrease rate return.% increase return"
}
{
    "_id": "DAL20230679",
    "title": "",
    "text": "Life Expectancy. impact benefit obligations future cost. review Society Actuaries estimate pension postretirement obligations."
}
{
    "_id": "DAL20230680",
    "title": "",
    "text": ". obligations benefit plans governed ERISA legislation. Pension Protection Act 2006, alternative rules unfunded liability amortized 17-year 8. 85% discount until 2024. funding amortized 15-year 4. 75% through 2030."
}
{
    "_id": "DAL20230681",
    "title": "",
    "text": "legislation funding obligations predictable factors requirements. future based assumptions vary. Assumptions include market performance statutory requirements demographic data."
}
{
    "_id": "DAL20230682",
    "title": "",
    "text": "Investments Valued Net Asset Value Per Share. assess adjustments fair value. NAV valued monthly quarterly administrators agents fund managers annual audit data. solicit valuation updates fund managers fair value adjustments."
}
{
    "_id": "DAL20230683",
    "title": "",
    "text": "accounting benefit Note 9 Consolidated Financial Statements."
}
{
    "_id": "DAL20230688",
    "title": "",
    "text": "Value Equity Investments. 2022 Accounting Standards Board issued. 2022-03 Measurement Equity Securities Sale Restrictions. contractual restriction equity value. disclosures. effective January 1, 2024 early adopted December 31, 2023. equity included disclosures sale restrictions Wheels Up. Note 4 Consolidated Financial Statements."
}
{
    "_id": "DAL20230689",
    "title": "",
    "text": "Reporting. November 2023 FASB issued ASU. 2023-07 Reporting Improvements Disclosures. requires expenses. 2024 interim 2025. assessing impact expense disclosures Consolidated Financial Statements."
}
{
    "_id": "DAL20230690",
    "title": "",
    "text": ". 2023 FASB issued ASU. 2023 Improvements. enhances disclosures rate reconciliation. effective January 1 2025. assessing impact disclosures Consolidated Financial Statements."
}
{
    "_id": "DAL20230694",
    "title": "",
    "text": "use-GAAP Consolidated Financial Statements not presented GAAP. U. Securities Exchange Commission rules non-GAAP measures not substitute GAAP."
}
{
    "_id": "DAL20230710",
    "title": "",
    "text": "reconciliations non-GAAP measures Form 10-K comparable GAAP measures. Reconciliations calculate. include adjustments GAAP measures comparability periods adjustments settlements hedges. value changes. not indicative settlement value hedge impact performance. Settlements represent cash hedge contracts settled.-time pilot agreement expenses. 2023 Delta pilots ratified four-year Pilot Working Agreement January 1, 2023. one-time payment March 2023 $735 million. adjustments benefit-related items $130 million. Adjusting core cost performance. charges. 2020 fleet impairments early retirement separation COVID-19. 2022 recognized adjustments.-party refinery sales. not related airline segment. comparison. fuel taxes. financial performance. adjustment non costs performance. sharing.adjust profit sharing recurring cost performance costs airline industry. income adjusted Ended December,661 Adjusted MTM adjustments settlements hedges pilot agreement expenses Restructuring charges income,334"
}
{
    "_id": "DAL20230755",
    "title": "",
    "text": "revenue adjusted Ended December 31, millions,582 Adjusted Third-party refinery sales,379,977,669,605 Operating expense Third refinery sales MTM adjustments settlements One-time pilot agreement charges Restructuring charges Operating expense adjusted,335 expense adjusted Average fuel price per gallon Ended December fuel expense,069,482 Adjusted MTM adjustments hedges adjusted,121,453 TRASM adjusted Ended December cents. Adjusted Third-party refinery sales. adjusted.CASM Ended December 31,. Third-party refinery sales. Aircraft fuel taxes. Profit sharing. One-time pilot agreement expenses. Restructuring charges. CASM."
}
{
    "_id": "DAL20230776",
    "title": "",
    "text": "table shows net cash operating activities GAAP to free cash flow non-GAAP. free cash flow cash debt service corporate initiatives. Adjustments include redemptions short-term investments. represent purchase sale activity investments securities gains losses. free cash flow. •Strategic investments. GAAP. comparison. cash flows airport construction projects. GAAP. reimbursed-party or funded restricted cash. aircraft acquisitions. reflects capital expenditures. based on original contractual purchase price fair value view investing activities. agreement payment. March 2023 Delta pilots ratified four-year Pilot Working Agreement effective January 1, 2023. one-time payment $735 million. Adjusting provides understanding recurring free cash flow.cash flow December cash investing,148 redemptions short-term investments,235 Strategic investments cash airport aircraft acquisitions Pilot agreement cash flow"
}
{
    "_id": "DAL20230780",
    "title": "",
    "text": "ASM Available Seat Mile. capacity. seats period multiplied miles flown."
}
{
    "_id": "DAL20230781",
    "title": "",
    "text": "Cost Seat Mile. cost incurred ASM reporting. cost."
}
{
    "_id": "DAL20230782",
    "title": "",
    "text": "CASM-Ex operating cost ASM reporting adjusted Information."
}
{
    "_id": "DAL20230783",
    "title": "",
    "text": "Cash Flow net cash investing adjusted Information. cash debt service initiatives."
}
{
    "_id": "DAL20230784",
    "title": "",
    "text": "Includes cash assets equivalents investments principal revolving credit facilities."
}
{
    "_id": "DAL20230785",
    "title": "",
    "text": "Load Factor seating capacity dividing ASMs."
}
{
    "_id": "DAL20230786",
    "title": "",
    "text": "Passenger Mile revenue RPM."
}
{
    "_id": "DAL20230787",
    "title": "",
    "text": "Passenger Revenue ASM. earned reporting period. unit revenue."
}
{
    "_id": "DAL20230788",
    "title": "",
    "text": "Revenue Passenger Mile. passenger transported mile RPM. equal passengers multiplied miles flown."
}
{
    "_id": "DAL20230789",
    "title": "",
    "text": "Total Revenue. earned reporting period."
}
{
    "_id": "DAL20230790",
    "title": "",
    "text": "TRASM adjusted revenue ASM reporting adjusted Information."
}
{
    "_id": "DAL20230794",
    "title": "",
    "text": "market risk exposure fuel prices interest rates foreign currency rates market value equity investments. negative impact Consolidated Financial Statements. derivative contracts adjust portfolio. Note 3 Financial Statements. adjustments volatility earnings stockholders' equity."
}
{
    "_id": "DAL20230795",
    "title": "",
    "text": "sensitivity analyses consider effects demand air travel economy actions risk. results prices rates may differ from hypothetical results."
}
{
    "_id": "DAL20230797",
    "title": "",
    "text": "fuel prices impact. cent increase jet fuel $40 million expense four billion gallons. derivative contracts related Monroe’s inventory."
}
{
    "_id": "DAL20230799",
    "title": "",
    "text": "exposure to risk interest rates debt lease obligations. fixed-rate debt reduction value. variable-rate debt leases negative impact earnings."
}
{
    "_id": "DAL20230800",
    "title": "",
    "text": "December 31, 2023 $16. 8 billion fixed-rate $1. 9 billion variable $583 million leases. rates SOFR subject floor. LIBOR-based debt leases. 100 points-rate debt $716 million interest expense variable-rate $25 million."
}
{
    "_id": "DAL20230802",
    "title": "",
    "text": "subject foreign currency exchange rate risk revenue expense equity investments. execute revenue expense transactions currency. option forward contracts."
}
{
    "_id": "DAL20230803",
    "title": "",
    "text": "31, 2023 options contracts."
}
{
    "_id": "DAL20230805",
    "title": "",
    "text": "own equity investments airlines equity price risk. hold securities price volatility financial results. 2023 net gain $1. 3 billion. December 2023 long-term investments $2. 9 billion 10% change $290 million financial results. Note 3 4 Consolidated Financial Statements."
}
{
    "_id": "DAL20230816",
    "title": "",
    "text": "Report Independent Accounting Firm ID 42) Consolidated Balance Sheets December 31, 2023 2022 Statements Operations December 2023 2022 2021 Income 2023 2021 Cash Flows Stockholders' Equity"
}
{
    "_id": "DAL20230835",
    "title": "",
    "text": "Stockholders Delta Lines."
}
{
    "_id": "DAL20230837",
    "title": "",
    "text": "audited consolidated balance sheets Delta Air Lines. December 31, 2023 2022 statements operations income cash flows stockholders' equity three years notes financial. statements present financial position December 31, 2023 2022 results operations cash flows U. accounting principles."
}
{
    "_id": "DAL20230838",
    "title": "",
    "text": "audited Public Company Accounting Oversight Board control financial reporting December 31, 2023 Internal Control Framework report February 12 2024 unqualified opinion."
}
{
    "_id": "DAL20230840",
    "title": "",
    "text": "financial statements responsibility Company management. opinion audits. public accounting firm registered PCAOB independent. federal securities laws Securities Exchange Commission PCAOB."
}
{
    "_id": "DAL20230841",
    "title": "",
    "text": "conducted audits standards PCAOB. standards require plan audit assurance financial statements free misstatement. audits included risks misstatement. procedures included examining evidence amounts disclosures statements. accounting principles estimates management overall presentation. audits provide reasonable basis for opinion."
}
{
    "_id": "DAL20230843",
    "title": "",
    "text": "critical audit matters from current period audit of financial statements communicated to committee relate to accounts disclosures material challenging complex judgments. alter our opinion on consolidated financial statements not providing separate opinions on."
}
{
    "_id": "DAL20230844",
    "title": "",
    "text": "Employee Benefit Plans Value"
}
{
    "_id": "DAL20230845",
    "title": "",
    "text": "December 31, 2023 benefit plan assets $16. 2 billion $11. 4 billion measured NAV. Management determines methodologies Note 9 financial statements."
}
{
    "_id": "DAL20230846",
    "title": "",
    "text": "Auditing Company’s NAV assets required judgment value data managers."
}
{
    "_id": "DAL20230848",
    "title": "",
    "text": "Addressed Matter Audit understanding evaluated design tested controls fair value measurement NAV assets inputs estimates measurement."
}
{
    "_id": "DAL20230849",
    "title": "",
    "text": "fair value plan assets NAV audit procedures valuation methodologies comparing inputs third-party sources market data. performed sensitivity analyses benefit fair value compared asset performance results third-party benchmarks assessed historical accuracy fair value estimates NAV audited financial statements current."
}
{
    "_id": "DAL20230858",
    "title": "",
    "text": "December 31, 2023 Company’s loyalty program deferred revenue balance was $8. 4 billion. 2023 recognized $3. 5 billion loyalty travel awards passenger revenue $3. 1 billion program revenue other revenue operations. defers revenue mileage credits recognizes loyalty travel awards passenger revenue miles redeemed services provided. program revenue estimates mileage credits outstanding breakage. recognizes mileage breakage proportionally remaining credits. mileage credits expire. uses statistical models estimate mileage breakage historical redemption patterns. required estimation mileage breakage. complexity subjectivity estimating breakage historical expirations credits expire. evaluated tested controls accounting loyalty program review estimation breakage accuracy data. actuarial specialist.tested mileage data estimate. Ernst & Young auditor 2006. Atlanta February 2024"
}
{
    "_id": "DAL20230861",
    "title": "",
    "text": "LINES."
}
{
    "_id": "DAL20230910",
    "title": "",
    "text": "31, Cash equivalents,741,266 investments,268 Accounts receivable uncollectible $17 $23 Fuel parts obsolescence $123 $136 Prepaid expenses assets,011 Noncurrent Assets Property equipment depreciation amortization $21,707 $20,370,109 lease-use assets,036 Goodwill intangibles amortization $911 $902 Equity investments noncurrent assets,277,644,288 debt leases,983 leases traffic liability Accounts payable salaries benefits Loyalty deferred revenue Fuel card obligation liabilitiesLiabilities Debt leases,671 Pension postretirement benefits Loyalty revenue leases Deferred taxes,766 Commitments Stockholders Equity Common stock. 1,500,000,000 shares 654,671,194,800,786 shares issued capital earnings loss Treasury stock 11,224,246 10,535,033 shares equity liabilities equity Financial Statements."
}
{
    "_id": "DAL20230913",
    "title": "",
    "text": "LINES."
}
{
    "_id": "DAL20230952",
    "title": "",
    "text": "Ended December 31, millions Revenue Passenger,218 Cargo,416,314,348 revenue,582,899 Expense Salaries costs,607,902 fuel taxes Ancillary businesses refinery services,345 Landing fees rents,181 maintenance repairs Depreciation amortization commissions expenses carrier expense Profit Pilot agreement expenses rent Government grant,239,700,386 operating expense Income,661 Non Income Interest expense investments Loss extinguishment debtPension Miscellaneous non income(1,747)(1,488) Income Before Taxes Income Tax Provision Net Income,318 Basic Earnings Share. Diluted Earnings Share. notes Consolidated Financial Statements."
}
{
    "_id": "DAL20230955",
    "title": "",
    "text": "LINES."
}
{
    "_id": "DAL20230963",
    "title": "",
    "text": "Ended December 31, millions Net Income,318 comprehensive income Net change pension benefits,329 Comprehensive,188"
}
{
    "_id": "DAL20230964",
    "title": "",
    "text": "notes Financial Statements."
}
{
    "_id": "DAL20230967",
    "title": "",
    "text": "LINES."
}
{
    "_id": "DAL20231013",
    "title": "",
    "text": "Ended December 31, Cash Flows Net income,318 Adjustments Depreciation amortization Deferred income taxes investments Pension postretirement postemployment payments expense Changes assets liabilities Receivables Fuel inventory Prepaids assets Air traffic liability Loyalty deferred revenue Profit sharing payables deferred revenue accrued liabilities Noncurrent liabilities cash,363,264 Cash Flows Property equipment Flight equipment advance payments property Purchase equity investments short-term investments Redemptioncash investing,148)(6,924) Flows Financing long obligations Payments debt lease obligations,071)(4,475) Cash dividends financing,394)(4,535),852) Decrease Cash Equivalents Restricted Cash,096)(1,486) Cash,055 end,395 Cash Interest Non-Cash Transactions Right-use assets leases,113 Flight ground equipment leases finance Equity investments financings notes Consolidated Financial Statements."
}
{
    "_id": "DAL20231016",
    "title": "",
    "text": "LINES."
}
{
    "_id": "DAL20231034",
    "title": "",
    "text": "Paid-In Capital Earnings Deficit Loss millions share data Balance January 1, 2021,259#1,534 Net income comprehensive income Common stock employee equity Government grant warrant Balance December 31, 2021,447,130,887 Net income,318 comprehensive income,329,329 Common stock employee equity Balance December 31, 2022####11,526,170 Net income Dividends declared.20 share comprehensive loss(44) Common stock employee equity(28) Balance December 31, 2023,641(5,845),105"
}
{
    "_id": "DAL20231035",
    "title": "",
    "text": "shares withheld taxes $40. $38. 2023 2022 2021."
}
{
    "_id": "DAL20231036",
    "title": "",
    "text": "notes Financial Statements."
}
{
    "_id": "DAL20231042",
    "title": "",
    "text": "Delta Air Lines. Delaware provides air transportation States. Consolidated Financial Statements include accounts Lines. subsidiaries prepared accounting principles. not primary beneficiary controlling interest variable. not consolidated."
}
{
    "_id": "DAL20231043",
    "title": "",
    "text": "marketing alliances airlines domestic international markets. codesharing loyalty benefits lounges promotions airport gates counters office co-location. antitrust immunity arrangements integrated route network sales marketing discount programs. arrangements sharing revenues expenses. Consolidated Statements Operations."
}
{
    "_id": "DAL20231044",
    "title": "",
    "text": "reclassified amounts current. amounts disclosed before taxes."
}
{
    "_id": "DAL20231046",
    "title": "",
    "text": "required estimates assumptions Consolidated Financial Statements GAAP. affect notes. results differ estimates."
}
{
    "_id": "DAL20231049",
    "title": "",
    "text": "Value Equity Investments. June 2022 Accounting Standards Board issued. 2022-03 Measurement Equity Securities Sale Restrictions. contractual restriction equity value. requires disclosures. effective January 1, 2024 early adopted December 31, 2023. valuation equity included disclosures sale restrictions Wheels Up Experience. Note 4."
}
{
    "_id": "DAL20231050",
    "title": "",
    "text": "Reporting. November 2023 FASB issued ASU. 2023-07 Reporting Improvements Disclosures. requires expenses. 2024 interim 2025. assessing impact expense disclosures Consolidated Financial Statements."
}
{
    "_id": "DAL20231051",
    "title": "",
    "text": ". 2023 FASB issued ASU. 2023 Improvements. enhances disclosures rate reconciliation. effective January 1 2025. assessing impact disclosures Consolidated Financial Statements."
}
{
    "_id": "DAL20231055",
    "title": "",
    "text": "accounting policies disclosed notes."
}
{
    "_id": "DAL20231057",
    "title": "",
    "text": "Short-term liquid investments three months cash equivalents. than three not one year short-term fair value. beyond one year short-term liquidity. investments prior October 1, 2022 fair value unrealized gains losses recorded non-operating expense. after 2022 available-for-sale fair value unrealized gains losses. gains losses recorded non-operating expense."
}
{
    "_id": "DAL20231067",
    "title": "",
    "text": "table cash equivalents restricted cash Consolidated Balance Sheets Cash Flows. cash equivalents 31, millions Current assets Cash equivalents,741,266 Restricted cash prepaid expenses Noncurrent assets Restricted cash cash equivalents restricted cash,395"
}
{
    "_id": "DAL20231069",
    "title": "",
    "text": ". refining jet fuel Monroe Energy operates Trainer oil refinery. Refined products feedstock blendstock inventories lower cost net value. jet fuel airline produced refinery procured gasoline diesel refined products. Cost first-in first-out. include raw material manufacturing costs overhead."
}
{
    "_id": "DAL20231070",
    "title": "",
    "text": "Expendables Parts Supplies. parts flight equipment carried average cost charged maintenance repairs consumed. allowance obsolescence fleet. allowances parts excess obsolete reduce carrying costs. residual value 5% original cost."
}
{
    "_id": "DAL20231072",
    "title": "",
    "text": "receive jet fuel non-jet fuel products account nonmonetary exchanges. recorded carrying amount taxes income statement."
}
{
    "_id": "DAL20231076",
    "title": "",
    "text": "fuel interest rates foreign impact. contracts adjust portfolio. contracts recognized fair value net balances $5 million $47 million December 31, 2023 2022. Note 3 Value Measurements."
}
{
    "_id": "DAL20231088",
    "title": "",
    "text": "long assets include property equipment lease. Note 7. table summarizes property equipment classification 31, Flight years,976 Ground property equipment years Information technology assets years,307,375 Flight ground equipment finance leases lease term life Advance payments accumulated depreciation,370 Total property equipment,486,109"
}
{
    "_id": "DAL20231089",
    "title": "",
    "text": "aircraft engines."
}
{
    "_id": "DAL20231090",
    "title": "",
    "text": "amortization flight equipment $525 $463 million 2023 2022."
}
{
    "_id": "DAL20231091",
    "title": "",
    "text": "record property equipment depreciate values. leasehold shorter. Depreciation amortization $2. 3 billion. 1. billion 2023 2022 2021. Residual values aircraft engines parts simulators 5% 10% cost."
}
{
    "_id": "DAL20231092",
    "title": "",
    "text": "capitalize costs amortize three fifteen years. $340 $307 million $301 million amortization software 2023 2022 2021. net value $932 million $891 million December 31, 2023 2022."
}
{
    "_id": "DAL20231093",
    "title": "",
    "text": "tangible assets flight equipment mobile markets. regions."
}
{
    "_id": "DAL20231094",
    "title": "",
    "text": "review flight equipment ROU assets long assets for impairment losses. include useful life cash flows declines fleet values regulatory environment. assets sale discontinue depreciation record impairment losses carrying amount greater than fair value less cost sell."
}
{
    "_id": "DAL20231095",
    "title": "",
    "text": "determine impairments aircraft group assets fleet contract level carriers. estimate future cash flows capacity passenger mile yield fuel labor costs. asset group impaired loss estimated fair value. estimate values sources appraisals bids."
}
{
    "_id": "DAL20231099",
    "title": "",
    "text": "deferred taxes liability method. recognize assets liabilities differences financial statement tax rates. net jurisdiction noncurrent balance sheets."
}
{
    "_id": "DAL20231100",
    "title": "",
    "text": "elected recognize global low tax income deferred taxes."
}
{
    "_id": "DAL20231101",
    "title": "",
    "text": "valuation allowance reduce deferred tax assets. assess income. establish allowances realize. evidence assumptions. future income reversals tax liabilities business environment historical financial results tax planning strategies. Note 11 \"Income Taxes deferred income taxes."
}
{
    "_id": "DAL20231103",
    "title": "",
    "text": "purchasing card American Express jet fuel crude oil. credit limit $1. 1 billion 2023 paid monthly. $1. 1 billion financing."
}
{
    "_id": "DAL20231105",
    "title": "",
    "text": "receive credits aircraft engines. deferred until delivered applied cost equipment."
}
{
    "_id": "DAL20231107",
    "title": "",
    "text": "record maintenance costs mainline regional fleets aircraft materials repairs carrier expense. expensed incurred except power-by-the-hour contracts hours flown. contracts transfer risk hour maintenance repairs. Modifications performance lives airframes engines capitalized amortized life lease term."
}
{
    "_id": "DAL20231109",
    "title": "",
    "text": "advertising passenger commissions expenses. $347 $302 $198 million 2023 2022 2021."
}
{
    "_id": "DAL20231111",
    "title": "",
    "text": "Passenger commissions fees recognized revenue recognized."
}
{
    "_id": "DAL20231123",
    "title": "",
    "text": "Passenger revenue ticket sales loyalty awards services. revenue Ended December millions Ticket,339 Loyalty awards services,394 Total passenger revenue,218"
}
{
    "_id": "DAL20231125",
    "title": "",
    "text": "Passenger Tickets. defer sales other airlines air traffic liability. Passenger revenue recognized transportation. tickets reduce traffic liability remitted. liability includes sales travel credits cost ticket. evaluate traffic liability record adjustments income statement. adjustments relate tickets unused refunds exchanges transactions other airlines final settlement original price."
}
{
    "_id": "DAL20231126",
    "title": "",
    "text": "recognized $7. $2. passenger revenue 2023 2022 2021 air traffic liability balance."
}
{
    "_id": "DAL20231127",
    "title": "",
    "text": "December 31, 2023 air traffic current. December 31, 2022 $8. 3 billion $100 million noncurrent ticket validity extensions."
}
{
    "_id": "DAL20231128",
    "title": "",
    "text": ". estimate recognize revenue flight date. based experience contract terms behavior."
}
{
    "_id": "DAL20231129",
    "title": "",
    "text": "Regional Carriers. include third-party Endeavor Air. subsidiary. agreements capacity purchase's capacity seat inventory. record revenue passenger revenue expenses regional carrier expense. See Note 10 \"Commitments Contingencies information."
}
{
    "_id": "DAL20231131",
    "title": "",
    "text": "Loyalty travel awards mileage credits. redeemed transportation. loyalty program accounting policies."
}
{
    "_id": "DAL20231133",
    "title": "",
    "text": "Travel-related services flight baggage administrative fees on-board sales. revenue provided."
}
{
    "_id": "DAL20231137",
    "title": "",
    "text": "SkyMiles loyalty program incentives Delta. miles Delta Connection. earn miles loyalty program status fare class ticket price. miles companies. Miles redeemable travel Delta Sky Club awards. sell miles non-airline businesses airlines."
}
{
    "_id": "DAL20231138",
    "title": "",
    "text": "loyalty program passenger ticket sales miles sale miles companies."
}
{
    "_id": "DAL20231139",
    "title": "",
    "text": "Passenger Ticket Sales Earning Miles. provide miles earned air transportation performance obligations. value obligation. value redeeming miles equivalent ticket value. adjusted for miles not redeemed (\"mileage. statistical models estimate mileage breakage redemption patterns. change assumptions redemption activity revenue. recognize mileage breakage remaining miles redeemed."
}
{
    "_id": "DAL20231140",
    "title": "",
    "text": "defer revenue miles recognize loyalty transportation. record air transportation traffic liability recognize revenue transportation unused."
}
{
    "_id": "DAL20231141",
    "title": "",
    "text": "Sale Miles Companies. Customers earn miles agreements. contracts performance obligations. Payments due monthly miles sold terms one to years. 2023 2022 2021 cash sales $6. 9 billion $5. 7 billion $4. 1 billion allocated travel performance obligations."
}
{
    "_id": "DAL20231142",
    "title": "",
    "text": "contract miles co-brand credit card American Express. agreements joint marketing benefits Delta-American Express holders Membership Rewards participants database. Cardholders earn miles check first bag discounted access Delta Sky Club priority boarding benefits. exchange points for miles. sell miles rates American Express co-brand Membership Rewards."
}
{
    "_id": "DAL20231143",
    "title": "",
    "text": "account marketing agreements American Express products services. selling prices award travel priority boarding baggage waivers lounge access brand. determine discounted cash flow analysis miles awarded redeemed ETV travel mileage rates baggage fees discounted Delta Sky Club lounges benefits brand value royalties volume discounts partners."
}
{
    "_id": "DAL20231144",
    "title": "",
    "text": "defer travel loyalty recognize awards revenue miles redeemed transportation provided. services flight baggage travel-related. Delta Sky Club lounge access miscellaneous provided. performance obligations brand value recorded loyalty program miles delivered."
}
{
    "_id": "DAL20231147",
    "title": "",
    "text": "Activity Loyalty Program. Miles combined pool not separately identifiable. revenue deferred balance issued period."
}
{
    "_id": "DAL20231155",
    "title": "",
    "text": "table loyalty program miles sold marketing agreements. Loyalty program millions Balance January 1,182 Miles earned,238 Travel miles redeemed Non-travel miles redeemed Balance December 31,420"
}
{
    "_id": "DAL20231156",
    "title": "",
    "text": "mile redemptions majority new miles redeemed two years. loyalty program deferred revenue current liability revenue twelve months noncurrent liability beyond."
}
{
    "_id": "DAL20231158",
    "title": "",
    "text": "Cargo recognized."
}
{
    "_id": "DAL20231166",
    "title": "",
    "text": "December millions Refinery,379 Loyalty program Ancillary businesses Miscellaneous,104 revenue,416,314,348"
}
{
    "_id": "DAL20231167",
    "title": "",
    "text": ". sales third parties. Note 14 revenue."
}
{
    "_id": "DAL20231168",
    "title": "",
    "text": "Loyalty Program. brand obligations miles cash sales. redemption miles non-travel awards."
}
{
    "_id": "DAL20231169",
    "title": "",
    "text": ". aircraft vacation wholesale operations."
}
{
    "_id": "DAL20231170",
    "title": "",
    "text": ". lounge American Express codeshare revenues."
}
{
    "_id": "DAL20231183",
    "title": "",
    "text": "revenue airline segment recognized region origin destination. refinery fuel sales eliminated Consolidated Financial Statements. remaining revenue domestic region. passenger operating revenue region summarized table Revenue Revenue Ended millions Domestic#33,968,197,468,845,478,320 Atlantic,057,777,458 Latin America,798,889,292,334,284 Pacific,453,341 Total#48,909,218#22,519,582,899"
}
{
    "_id": "DAL20231185",
    "title": "",
    "text": "Accounts receivable credit card tickets refinery sales purchase miles loyalty program. allowance uncollectible accounts expected credit loss model."
}
{
    "_id": "DAL20231187",
    "title": "",
    "text": "required charge taxes fees tickets. federal transportation taxes security airport facility foreign taxes. taxes assessments collection not included revenue. record liability collected reduce payments government agency carrier."
}
{
    "_id": "DAL20231192",
    "title": "",
    "text": "Fair value exit price received sell asset transfer liability transaction between market participants. market-based measurement determined assumptions pricing asset. value measurement classified levels information valuation 1. Observable inputs. 2. 3. Unobservable inputs little no market data develop assumptions."
}
{
    "_id": "DAL20231193",
    "title": "",
    "text": "Assets liabilities measured value valuation techniques tables."
}
{
    "_id": "DAL20231194",
    "title": "",
    "text": "Approach. Prices information observable transactions assets."
}
{
    "_id": "DAL20231195",
    "title": "",
    "text": "Approach. convert future present expectations option-pricing models."
}
{
    "_id": "DAL20231220",
    "title": "",
    "text": "31, equivalents Restricted cash equivalents Short-term investments. Government securities Corporate obligations Long-term investments Hedge derivatives Fuel hedge contracts 31, millions Cash equivalents Restricted cash equivalents Short-term investments. securities Corporate obligations Long investments Hedge derivatives Fuel hedge contracts"
}
{
    "_id": "DAL20231221",
    "title": "",
    "text": "Note 9 Benefit Plans."
}
{
    "_id": "DAL20231222",
    "title": "",
    "text": "Cash Equivalents Restricted Cash Equivalents. equivalents funds. Restricted prepaid expenses noncurrent assets deposits commercial paper negotiable certificates deposit debt construction terminal LaGuardia Airport self obligations airport commitments. fair value market approach transactions."
}
{
    "_id": "DAL20231223",
    "title": "",
    "text": "Short-Term Investments. market approach valuation prices interest rates curves credit ratings information."
}
{
    "_id": "DAL20231224",
    "title": "",
    "text": "December 2023 short-term $1. billion. mature year."
}
{
    "_id": "DAL20231225",
    "title": "",
    "text": "Long-Term Investments. equity investments valued market prices transactions recorded. investments private companies Level 3 not traded public exchange unobservable inputs non-public equity. December 31, 2023 2022 equity investment Wheels Up Level 1. September 2023 quarter Level 3 quoted price fair value short time closing reporting. December 31, 2023 returned closing price New York Stock Exchange. Fair value measurement inputs uncertain. December 31, 2023 no material gains losses investments Level 3 value adjustments. Note 4 \"Investments."
}
{
    "_id": "DAL20231229",
    "title": "",
    "text": "Hedge Derivatives. contracts negotiated without public exchange. counterparty default credit risk. contracts Level 2. remainder futures contracts traded public exchange. Level 1. Hedge Contracts. risk fuel prices related Monroe’s inventory. portfolio options swaps futures. valued cash flow models. Futures traded public exchange valued quoted market prices. recognized losses $6 million $394 million $146 million fuel hedge contracts fuel 2023 2022 2021. losses $58 million settlements $52 million mark-to adjustments. Expense settlement offset profits pricing. Note 14 Monroe refinery segment."
}
{
    "_id": "DAL20231231",
    "title": "",
    "text": "developed relationships airlines joint ventures cooperation including equity investments. equity investments reinforce commitment enhance input strategic representation board."
}
{
    "_id": "DAL20231232",
    "title": "",
    "text": "Fair Value Investments. Changes valuation gain income non-operating expense driven stock prices foreign currency techniques shares."
}
{
    "_id": "DAL20231246",
    "title": "",
    "text": "Equity Method Investments. record equity investees financial results income statement table. investments ownership interest carrying Interest Value millions 31, Air France-KLM Value China Eastern Grupo Aeroméxico Hanjin-KAL LATAM####403 Unifi Aviation Method(3) Wheels Up####903 Other investments Equity investments,128"
}
{
    "_id": "DAL20231247",
    "title": "",
    "text": "income statement non-operating expense."
}
{
    "_id": "DAL20231248",
    "title": "",
    "text": "December 31, 2023 held. 8%. common Hanjin."
}
{
    "_id": "DAL20231249",
    "title": "",
    "text": "included contracted services income statement integral business airport locations."
}
{
    "_id": "DAL20231250",
    "title": "",
    "text": "ownership voting rights."
}
{
    "_id": "DAL20231253",
    "title": "",
    "text": "Up. 2023 expanded partnership agreement new credit facility. $390 million term loan contributed $150 million lenders $240 million $100 million liquidity facility liquidity below $100 million. loan investors received shares common stock 95% equity diluted."
}
{
    "_id": "DAL20231254",
    "title": "",
    "text": "$150 million cash contribution outflow allocated loan receivable equity investment. 38% equity interest Wheels Up. Delta voting rights capped 29. 9%."
}
{
    "_id": "DAL20231255",
    "title": "",
    "text": "transaction concluded Wheels Up variable interest entity. requires consolidation primary beneficiary. not primary beneficiary decision-making Board decision-making authority control Board. Wheels Up not consolidated financial statements."
}
{
    "_id": "DAL20231256",
    "title": "",
    "text": "Wheels Up equity fair value option acquisition 2020. 2023 recorded $786 million gain New York Stock Exchange. December 31, 2023 Wheels public float under 5% volatility credit 2023. shares issued Delta lenders unregistered December 31, 2023 contractual transfer restriction until credit facility (September 2024). limited transfer restrictions. account loan receivable fair value. $100 million liquidity facility drawn December 31, 2023."
}
{
    "_id": "DAL20231258",
    "title": "",
    "text": "category includes investments value equity ownership interest influence. equity investments Virgin Atlantic JFK IAT."
}
{
    "_id": "DAL20231259",
    "title": "",
    "text": ". investment zero December 31, 2023. maintain 49% equity interest losses. losses recorded additional investments. December 31, 2023 $400 million unrecognized equity losses 49% interest."
}
{
    "_id": "DAL20231260",
    "title": "",
    "text": "JFK Note 8 Redevelopment."
}
{
    "_id": "DAL20231263",
    "title": "",
    "text": "goodwill intangible assets relate airline segment. apply fair value-based impairment test annual of October 1) if impairment loss interim. assess value qualitative quantitative approach. qualitative consider market factors key assumptions. analyze fair value. If likely asset impaired quantitative approach assess fair value impairment. quantitative calculate fair value assumptions."
}
{
    "_id": "DAL20231266",
    "title": "",
    "text": "value goodwill indefinite-lived assets market income techniques. include forecasted revenues expenses cash flows discount rates market transactions regulatory environment. assumptions consistent market participants. estimates transaction amounts differ. recognize impairment charge carrying value exceeds estimated fair value."
}
{
    "_id": "DAL20231267",
    "title": "",
    "text": "events indefinite to definite-lived. Factors include negative trends market capitalization reduced profitability lower passenger mile yields higher input costs lower passenger demand weakened. economies interruption strike terrorist attack regulatory environment. access antitrust competitive changes strategic changes diminished utilization intangible assets."
}
{
    "_id": "DAL20231268",
    "title": "",
    "text": "Intangible Assets.-lived not amortized routes slots Delta tradename alliances arrangements. marketing maintenance agreements amortized straight undiscounted cash life. renew extend expensed."
}
{
    "_id": "DAL20231278",
    "title": "",
    "text": "December 2023 valuation goodwill intangible assets years ago. tests no impairment values exceeded carrying values. assets category Value 31, 2023 31, 2022,753 International routes slots Airline alliances Delta Domestic slots Total"
}
{
    "_id": "DAL20231279",
    "title": "",
    "text": "Routes Slots. Pacific capacity airports London-Heathrow."
}
{
    "_id": "DAL20231280",
    "title": "",
    "text": "Alliances. LATAM SkyTeam."
}
{
    "_id": "DAL20231281",
    "title": "",
    "text": ". New York Washington-Reagan airports."
}
{
    "_id": "DAL20231291",
    "title": "",
    "text": "-lived intangible assets category 31, 2023 31, 2022 millions Carrying Value Amortization Marketing agreements Maintenance contracts(150#976"
}
{
    "_id": "DAL20231292",
    "title": "",
    "text": "Amortization expense $9 $10 million 2023 2022 2021. assets $8 million annually 2024 2028."
}
{
    "_id": "DAL20231305",
    "title": "",
    "text": "table summarizes debt outstanding debt category Rate December 31, 2023 millions Unsecured Payroll Support Program Loans. Unsecured notes. 38%,997 Financing SkyMiles assets SkyMiles Notes(1). 50%. 75%,144 SkyMiles Term. NYTDC Special Facilities Revenue.,656 Financing aircraft."
}
{
    "_id": "DAL20231316",
    "title": "",
    "text": "arrangements secured slots gates routes 2020 Senior Secured. 2018 Revolving Credit Other. 51%. revolving credit Total secured unsecured,693 debt issuance cost Total,610,381 current long debt,985,326"
}
{
    "_id": "DAL20231317",
    "title": "",
    "text": "installments."
}
{
    "_id": "DAL20231318",
    "title": "",
    "text": "financings variable rate debt. equal SOFR index margin."
}
{
    "_id": "DAL20231320",
    "title": "",
    "text": "2023 $1. 4 billion notes SkyMiles Term Loan repayments $585 million. $63 million loss extinguishment debt non-operating expense."
}
{
    "_id": "DAL20231324",
    "title": "",
    "text": "December 31, 2023 $2. 9 billion undrawn revolving. $450 million outstanding letters."
}
{
    "_id": "DAL20231325",
    "title": "",
    "text": "Facilities Bonds 2023"
}
{
    "_id": "DAL20231326",
    "title": "",
    "text": "December 2023 NYTDC issued Special Facilities Revenue Bonds $878 million. loan agreements proceeds construction LaGuardia Airport. proceeds noncurrent assets. Note 8 Redevelopment LaGuardia Airport project."
}
{
    "_id": "DAL20231327",
    "title": "",
    "text": "pay debt 2023 Bonds NYTDC guaranteed Bonds."
}
{
    "_id": "DAL20231329",
    "title": "",
    "text": "December 2023 entered amended credit agreement&R Credit 2018. undrawn December 31, 2023. $1. 325 billion three-year $1. 325 billion five-year $360 million three-year standby letter. $250 million letters credit. accordion feature commitments $3. 65 billion."
}
{
    "_id": "DAL20231330",
    "title": "",
    "text": "A&R Credit Facility secured first lien collateral Pacific route authorities assets. pledging additional collateral. release lien investment grade rating stable outlook from two three rating agencies."
}
{
    "_id": "DAL20231336",
    "title": "",
    "text": "risk variable debt fair value earnings interest rates. fair value market values transactions interest rates maturities credit risk collateral. Debt Level 2 fair value. debt 2023 2022 amount,381 Fair value,700"
}
{
    "_id": "DAL20231340",
    "title": "",
    "text": "debt agreements contain financial covenants. credit facilities SkyMiles financing agreements minimum liquidity covenant. $2. 0 billion liquidity cash equivalents short-term investments principal credit. debt agreements include collateral coverage ratios limit incur liens dispose collateral mergers consolidations transfer assets. Collateral Release Date liquidity covenants A&R Credit Facility restrictions liens sell assets minimum fixed charge asset coverage ratio. SkyMiles financing agreements include debt service coverage ratio restrict modify terms sell pre-paid miles $550 million terminate modify arrangements Delta SkyMiles."
}
{
    "_id": "DAL20231341",
    "title": "",
    "text": "subject exceptions qualifications debt agreements. compliance agreements December 31, 2023."
}
{
    "_id": "DAL20231352",
    "title": "",
    "text": "table summarizes maturities debt 2023 debt maturities millions Debt Issuance Cost 2024 2025 2026 2027 2028,245 Total,693,610"
}
{
    "_id": "DAL20231354",
    "title": "",
    "text": "lease property equipment finance operating leases. 12 record asset obligation present value payments. include rental escalation renewal termination options payments. lease nonlease regional aircraft."
}
{
    "_id": "DAL20231355",
    "title": "",
    "text": "use rate discount payments. rarely incremental borrowing rate based estimated interest rate collateralized borrowing term commencement."
}
{
    "_id": "DAL20231356",
    "title": "",
    "text": "aircraft agreements residual value. liability."
}
{
    "_id": "DAL20231360",
    "title": "",
    "text": "December 31, 2023 leased 225 111 finance 114 operating. five months 12 years."
}
{
    "_id": "DAL20231361",
    "title": "",
    "text": "regional aircraft leases capacity agreements ROU asset lease liability. allocated lease nonlease components fair values. Lease 116 aircraft December 31, 2023 nonlease flight operations maintenance services. determined estimate Endeavor Air. independent valuation firms. Note 10 Contingencies."
}
{
    "_id": "DAL20231363",
    "title": "",
    "text": "facility leases for 300 airports. reflect terminals office space cargo warehouses maintenance facilities. from government agencies operating. lease terms vary to 29 years. lease rates depend operating costs reset annually. not ROU asset lease liability."
}
{
    "_id": "DAL20231364",
    "title": "",
    "text": "facilities fixed payment schedules New York-LaGuardia-JFK. recorded ROU asset lease liability. Note 8 Redevelopment."
}
{
    "_id": "DAL20231366",
    "title": "",
    "text": "lease IT assets servers mainframes. ground equipment tugs tractors other equipment. lease terms one month to six years. leased assets ground IT service agreements. ground contracts lease nonlease components. IT contracts lease nonlease components. amounts not significant."
}
{
    "_id": "DAL20231391",
    "title": "",
    "text": "table presents lease assets liabilities balance sheets. asset liability balance sheet position category 31, millions Balance Assets Operating lease right-of-use,036 Finance equipment Total lease,342 Liabilities maturities leases Finance Noncurrent leases,345 Total lease,671,229-average lease term Operating leases Finance leases-average discount rate leases. Finance leases."
}
{
    "_id": "DAL20231403",
    "title": "",
    "text": "table costs finance. Lease cost Ended December millions Finance lease Amortization leased assets Interest lease liabilities Operating lease Short-term Variable lease Total lease cost"
}
{
    "_id": "DAL20231404",
    "title": "",
    "text": "aircraft landing fees regional carrier income."
}
{
    "_id": "DAL20231415",
    "title": "",
    "text": "table presents supplemental cash flow leases. Ended December 31, millions Cash paid lease Operating cash flows leases#809 finance leases"
}
{
    "_id": "DAL20231430",
    "title": "",
    "text": "table reconciles cash flows first five years remaining operating lease liabilities. lease cash flows reconciliation millions 2024 2025 2027 2028 minimum lease payments,247 future lease payments,227,444 current obligations Long-term lease obligations"
}
{
    "_id": "DAL20231431",
    "title": "",
    "text": "December 2023 leases $151 million. 2024 4 19 years."
}
{
    "_id": "DAL20231434",
    "title": "",
    "text": "enhancing expanding facilities Terminal 4 JFK premium travel. operated JFK International Air Terminal Port Authority New York Jersey. long-term agreement sublease 2043."
}
{
    "_id": "DAL20231435",
    "title": "",
    "text": "2021 Port Authority approved renovate expand Terminal 4 Delta relocation 4. 10 gates facilities Delta Sky Club premium lounge. $1. 6 billion funded bonds 2022 NYTDC IAT obligor. costs Delta leased premises. Construction started 2021 2023 completed Delta consolidated operations Terminal 4. control assets balance sheets."
}
{
    "_id": "DAL20231438",
    "title": "",
    "text": "Equity. JFK IAT Member LLC IAT. Sublease management fees. variable interest controlling interest. rights Terminal 4 consistent anchor tenant standard airport lease. consolidate Consolidated Financial Statements. Note 4."
}
{
    "_id": "DAL20231440",
    "title": "",
    "text": "redevelopment modernizing upgrading post-security Terminals 2 3. lease 2016 Los Angeles. ticketing arrival hall security checkpoint infrastructure ramp improvements post-security connector Tom Bradley International Terminal."
}
{
    "_id": "DAL20231441",
    "title": "",
    "text": "project $2. 4 billion. majority funded Regional Airports Improvement Corporation California revolving credit facility. facility executed 2017 guaranteed obligations RAIC. 2023 capacity reduced $626 million. Loans repaid purchase assets. appropriated $1. 8 billion purchase assets maximum reimbursement. Costs $1. billion not reimbursed. net project costs $600 million $350 million investing $200 million operating activities 2017."
}
{
    "_id": "DAL20231442",
    "title": "",
    "text": "2020 enhanced customer-friendly Terminal 3 Delta Sky Club baggage upgrades. 2023 completed construction."
}
{
    "_id": "DAL20231443",
    "title": "",
    "text": "assessment project concluded control assets project asset obligation recorded balance sheets except leasehold improvements property."
}
{
    "_id": "DAL20231444",
    "title": "",
    "text": "recorded $200 million ROU asset RAIC funding not recognized asset lease liability variable lease payments City. Note 7 liabilities."
}
{
    "_id": "DAL20231446",
    "title": "",
    "text": "LaGuardia Airport partnering Port Terminals C D 37 gates concourses headhouse. Delta Sky Club wider concourses seating double concessions. access parking garage improved roadways drop-off-up areas. Construction phased."
}
{
    "_id": "DAL20231447",
    "title": "",
    "text": "opened Concourse E G headhouse terminal roadways D F. acceleration 2020 completion 2024."
}
{
    "_id": "DAL20231450",
    "title": "",
    "text": "redevelopment 2017 entered amended terminal lease Port Authority term through 2050. funding debt issuance cash design management construction terminal off-premises facilities receiving Port Authority contribution $500 million responsible operations maintenance lease preferential rights gates Port accommodation."
}
{
    "_id": "DAL20231451",
    "title": "",
    "text": "project $4. 3 billion spent $3. 7 billion. net cost $3. 8 billion risks over-runs. loan agreements construction debt proceeds restricted cash. spent $500 million $650 million $950 million 2023 2022 2021. control assets. Costs leasehold improvements property equipment. Note 6 Special Facilities Revenue Bonds."
}
{
    "_id": "DAL20231453",
    "title": "",
    "text": "sponsor defined healthcare disability employees retirees family."
}
{
    "_id": "DAL20231454",
    "title": "",
    "text": ". sponsor employees retirees. closed frozen future accruals. funding obligations Employee Retirement Income Security Act legislation. Pension Protection Act 2006, alternative funding rules unfunded liability amortized 17-year 8. 85% discount until 2024. amortized 15-year 4. 75% through 2030. no minimum funding requirements 2024 voluntary contributions."
}
{
    "_id": "DAL20231455",
    "title": "",
    "text": "2023 established market cash benefit pension plan pilots funded company contributions IRS limits 401. contributions plans. company funds cash invests assets. benefit contributions positive return."
}
{
    "_id": "DAL20231456",
    "title": "",
    "text": "Contribution Pension Plans. groups. costs $1. 2 billion $1. billion $875 million 2023 2022 2021."
}
{
    "_id": "DAL20231457",
    "title": "",
    "text": "Postretirement Healthcare Plans. sponsor retirees dependents under 65. eliminated company-paid 65 healthcare coverage except subsidies 1987 retiree medical accounts 2012 workforce reduction 2020 early retirement programs."
}
{
    "_id": "DAL20231458",
    "title": "",
    "text": "Postemployment Plans. welfare benefits employees retirement disability survivorship plans. eligible death disability."
}
{
    "_id": "DAL20231459",
    "title": "",
    "text": "postretirement employment plans contributions."
}
{
    "_id": "DAL20231480",
    "title": "",
    "text": "Benefits Postretirement Postemployment 31, millions Benefit obligation period,073,664 Service cost Interest cost Actuarial loss(4,599) Benefits paid sums annuities(1,201) Plan amendments Participant contributions Benefit obligation end,664 assets,502 gain(loss) assets,142(2,517) Employer contributions Participant contributions Benefits paid annuities(1,201) assets end period,766 Funded status end(3,470)"
}
{
    "_id": "DAL20231481",
    "title": "",
    "text": "end year accumulated obligations pension plans equal."
}
{
    "_id": "DAL20231482",
    "title": "",
    "text": "2023 losses increased discount rates gains decreased discount 2022. gains losses recorded AOCI reflected table. amortized AOCI lifetime."
}
{
    "_id": "DAL20231493",
    "title": "",
    "text": "Benefits Postretirement Postemployment 31, millions Prepaid pension assets Current liabilities Noncurrent liabilities Funded status end period(3,470) Net actuarial/gain(6,474)(162) service credit loss pre-tax(6,474)(6,444)(161"
}
{
    "_id": "DAL20231494",
    "title": "",
    "text": "pension plans. obligations $8. 6 billion $8. 4 billion 2023."
}
{
    "_id": "DAL20231507",
    "title": "",
    "text": "Postretirement Postemployment Benefits Ended December millions Service cost Interest cost return plan assets(1,060),319) Amortization prior service credit net actuarial loss####354 Settlements Net periodic cost(benefit#130#279#218"
}
{
    "_id": "DAL20231508",
    "title": "",
    "text": "Service cost salaries income components pension non-operating. Benefits market cash balance benefit pension plan."
}
{
    "_id": "DAL20231518",
    "title": "",
    "text": "actuarial assumptions benefit obligations net periodic cost 31, Benefit Obligations(1) average discount rate. December Net Periodic Cost average discount rate. long-term rate return assets. healthcare cost trend rate next."
}
{
    "_id": "DAL20231519",
    "title": "",
    "text": "employee compensation impact pension postretirement postemployment obligation."
}
{
    "_id": "DAL20231520",
    "title": "",
    "text": "cost decline 5.% 2029 unchanged."
}
{
    "_id": "DAL20231521",
    "title": "",
    "text": "Expected Long-Term Rate Return. based on studies market volatility data. return expectations market indices incorporated projections. premium investing less liquid private markets. review return annually. investment performance influence evaluation. investment strategy long return annualized target risk liquidity benefits obligations. public private equity fixed income real assets hedge funds. weighted average long-term rate return year December 31, 2023 7. 00%."
}
{
    "_id": "DAL20231522",
    "title": "",
    "text": "Life Expectancy. impact benefit obligations future cost. review Society Actuaries estimate pension postretirement obligations."
}
{
    "_id": "DAL20231526",
    "title": "",
    "text": "Benefit payments assumptions obligations. payments vary. Benefits pension plans trusts postretirement postemployment benefits funded assets."
}
{
    "_id": "DAL20231535",
    "title": "",
    "text": "table summarizes payments 31 future payments Benefits Postretirement Postemployment Benefits 2024,310 2025 2026 2029-2033,190"
}
{
    "_id": "DAL20231537",
    "title": "",
    "text": "adopted investment policies defined benefit pension plans asset obligations risk liquidity. diversified reviewed periodically. Active management strategies returns market indices. Derivatives manage risk exposure liquidity. hold cash collateral. 20-40% growth 25-35% income-generating 35-45% risk-diversifying. assets publicly-traded equity fixed income foreign currency commodity securities active management."
}
{
    "_id": "DAL20231538",
    "title": "",
    "text": "Benefit Plan Recurring"
}
{
    "_id": "DAL20231550",
    "title": "",
    "text": "Benefit plan assets defined benefit pension postemployment benefit plans. net benefit obligation noncurrent pension postretirement benefits funded status. Note 3 Value Measurements valuation techniques. table shows benefit plan assets asset class. measured fair value recurring 31, 2022 Fixed income instruments Cash equivalents Equities instruments common stock Real assets Benefit plan assets Investments net asset value Total benefit plan assets"
}
{
    "_id": "DAL20231551",
    "title": "",
    "text": "Investments measured NAV per share fair value hierarchy."
}
{
    "_id": "DAL20231554",
    "title": "",
    "text": "Fixed Income-Related Instruments. include corporate bonds government bonds collateralized mortgage obligations-backed securities valued bid average. Prices based pricing models quoted prices broker quotes. instruments securities futures options valued last sale bid prices. Over-the-counter securities valued bid broker quotes."
}
{
    "_id": "DAL20231555",
    "title": "",
    "text": "Cash Equivalents. high-quality short-term obligations institutional funds valued quotations."
}
{
    "_id": "DAL20231556",
    "title": "",
    "text": "Equities Equity-Related Instruments. common stock equity-related instruments. Common stock valued closing price active market. Equity-related instruments securities exchanges futures options valued last sale bid prices. Over-the-counter securities valued bid broker quotes."
}
{
    "_id": "DAL20231557",
    "title": "",
    "text": "Delta Common Stock. managed."
}
{
    "_id": "DAL20231558",
    "title": "",
    "text": "Assets. include precious metals instruments some valued closing price market priced models quoted prices broker quotes."
}
{
    "_id": "DAL20231568",
    "title": "",
    "text": "table summarizes investments value NAV share Benefit plan investment assets NAV 31, 2023 31, 2022 millions Value Frequency Period Hedge funds strategies,175 Days Days Commingled funds private equity instruments,379 Days,266 Fixed income,147 Days Days Real assets/A/A Days Days investments NAV,329"
}
{
    "_id": "DAL20231569",
    "title": "",
    "text": ". monthly quarterly redemption frequencies redemption window anniversary investment."
}
{
    "_id": "DAL20231570",
    "title": "",
    "text": "private funds closed-ended investments redemption."
}
{
    "_id": "DAL20231571",
    "title": "",
    "text": "funds redemptions."
}
{
    "_id": "DAL20231572",
    "title": "",
    "text": "commitments. billion equity $296 million fixed income $584 million assets 2023."
}
{
    "_id": "DAL20231573",
    "title": "",
    "text": "annual assess potential adjustments value investments. applies private equity strategies real assets. solicit valuation updates fund managers use value adjustments."
}
{
    "_id": "DAL20231574",
    "title": "",
    "text": "Hedge Funds Strategies. investments partnerships liquid secondary market."
}
{
    "_id": "DAL20231575",
    "title": "",
    "text": "Commingled Funds Private Equity-Related Instruments. funds common stock private equity instruments. valued market prices assets. Private equity instruments valued quarterly models inputs assumptions."
}
{
    "_id": "DAL20231578",
    "title": "",
    "text": "Fixed Income-Related Instruments. include private instruments valued monthly quarterly fund managers-party agents inputs assumptions."
}
{
    "_id": "DAL20231579",
    "title": "",
    "text": "Real Assets. real estate energy transition timberland agriculture infrastructure. valuation requires judgment quoted market prices lack liquidity long-term. valued quarterly inputs assumptions."
}
{
    "_id": "DAL20231580",
    "title": "",
    "text": ". risk funds equity fixed commodity."
}
{
    "_id": "DAL20231582",
    "title": "",
    "text": "sponsor defined benefit pension plans foreign countries. Financial Statements."
}
{
    "_id": "DAL20231584",
    "title": "",
    "text": "employee profit sharing program each annual pre-tax profit portion employees. defines profit pre-tax profit adjusted profit sharing other items."
}
{
    "_id": "DAL20231585",
    "title": "",
    "text": "2023 2022 recorded profit sharing $1. 4 billion $563 million. 2021 special profit $108 million pre-tax profit employees pandemic."
}
{
    "_id": "DAL20231597",
    "title": "",
    "text": "future commitments $17. 5 billion December 2023 2024 2025,230 2026 2028"
}
{
    "_id": "DAL20231598",
    "title": "",
    "text": "timing agreements manufacturers uncertain supply manufacturing regulatory constraints."
}
{
    "_id": "DAL20231609",
    "title": "",
    "text": "future December 31, 2023 fleet A220-300 A330 A350-900 B-737-10"
}
{
    "_id": "DAL20231611",
    "title": "",
    "text": "2023 A330-900 delivery 2025 purchase 26 A220-300 2027."
}
{
    "_id": "DAL20231612",
    "title": "",
    "text": "January 2024 Airbus 20 A350-1000 option 20. Deliveries 2026."
}
{
    "_id": "DAL20231614",
    "title": "",
    "text": "contract agreements expiring 2034. capacity revenue."
}
{
    "_id": "DAL20231615",
    "title": "",
    "text": "Capacity Purchase Agreements. regional carriers operate under. operate aircraft using codes control scheduling pricing reservations ticketing seat inventories retain revenues. pay airlines based on cost market rates."
}
{
    "_id": "DAL20231625",
    "title": "",
    "text": "table shows minimum obligations under capacity purchase agreements with carriers excluding payments leases Note 7. obligations contemplate minimum levels flying costs fuel insurance. payments differ from obligations. Contract carrier minimum obligations millions 2024,600 2025 2026 2027 2028,360 Total,840"
}
{
    "_id": "DAL20231626",
    "title": "",
    "text": "Revenue Proration Agreement. December 31, 2023 SkyWest Airlines. revenue agreement. fixed division revenues tickets."
}
{
    "_id": "DAL20231630",
    "title": "",
    "text": "involved in legal proceedings employment environmental commercial disputes antitrust regulatory matters. record liabilities for losses probable outcome unfavorable loss estimated. outcome resolution matters adverse Consolidated Financial Statements."
}
{
    "_id": "DAL20231632",
    "title": "",
    "text": "VISA/MasterCard American Express agreements no cash reserve required no withholding payment receivables except circumstances liquidity. processor Reserve withhold payments equal to liability for tickets purchased not used for travel. Reserve withheld as of December 31, 2023 2022."
}
{
    "_id": "DAL20231635",
    "title": "",
    "text": "We lessee under commercial real estate leases. common indemnify related parties for tort environmental liabilities premises. indemnity us responsible for liabilities contractors licensees invitees. indemnity extends to liabilities negligence excludes liabilities sole negligence willful misconduct."
}
{
    "_id": "DAL20231636",
    "title": "",
    "text": "aircraft equipment lease financing agreements us indemnify parties including against liabilities from use aircraft equipment."
}
{
    "_id": "DAL20231637",
    "title": "",
    "text": "insurance liabilities indemnities real estate leases equipment financing agreements. environmental liabilities policies required environmental laws."
}
{
    "_id": "DAL20231638",
    "title": "",
    "text": "aircraft financing transactions preserve economic return if diminished changes law. risk changes tax laws payments non-U. S. lenders taxes."
}
{
    "_id": "DAL20231639",
    "title": "",
    "text": "estimate potential future payments under indemnities provisions predict when circumstances triggered amount payable based on facts circumstances."
}
{
    "_id": "DAL20231649",
    "title": "",
    "text": "December 2023 103,000 employees 20% represented unions. airline Delta Pilots,960 31, 2026 Superintendents 1 2024 Endeavor Pilots 1 2029 Attendants,600 31, 2027"
}
{
    "_id": "DAL20231650",
    "title": "",
    "text": "Delta pilots four-year Working Agreement January 1 2023. rule changes pay rate increases initial 18%. one-time payment 2023 $735 million. adjustments benefit $130 million."
}
{
    "_id": "DAL20231651",
    "title": "",
    "text": "200 refinery employees Monroe represented United Steel Workers February 28, 2026. National Labor Relations Act self-help expiration. employees outside. represented unions work councils local groups."
}
{
    "_id": "DAL20231653",
    "title": "",
    "text": "contracts require pay penalty acquire inventory purchase equipment without cause expiration. obligations contingent on termination no obligation unless termination occurs."
}
{
    "_id": "DAL20231666",
    "title": "",
    "text": "income tax Ended December millions Current tax provision Federal State local International Deferred tax Federal State local Income tax provision"
}
{
    "_id": "DAL20231678",
    "title": "",
    "text": "table presents difference effective tax. federal statutory tax rate Reconciliation effective Ended December U. S. federal statutory income tax rate. State taxes net federal benefit. Permanent differences. Valuation allowance. Effective income tax rate."
}
{
    "_id": "DAL20231703",
    "title": "",
    "text": "Deferred taxes differences assets liabilities. assets liabilities Deferred assets operating loss,395 Capital loss Pension postretirement benefits Investments,106 Deferred revenue Lease liabilities Valuation allowance,176 deferred tax assets,234 liabilities Depreciation,110 lease assets Intangible assets,121 deferred tax liabilities,319 Balance Sheet noncurrent assets Deferred income taxes"
}
{
    "_id": "DAL20231705",
    "title": "",
    "text": "assess taxable income deferred assets. establish valuation allowances. evidence assumptions. future taxable income reversals deferred tax liabilities business environment historical financial results tax planning strategies."
}
{
    "_id": "DAL20231708",
    "title": "",
    "text": "December 2023 deferred tax $665 million $877 million capital operating losses."
}
{
    "_id": "DAL20231709",
    "title": "",
    "text": "December 31, 2023 $4. 5 billion. federal pre-tax loss carryforwards 2025. $800 million generated 2018 2029. valuation allowance deferred tax assets capital losses state operating losses short expiration."
}
{
    "_id": "DAL20231716",
    "title": "",
    "text": "table deferred income tax assets activity millions Balance January 1 Tax provision Equity investment December 31"
}
{
    "_id": "DAL20231718",
    "title": "",
    "text": "uncertain tax positions years. under audit IRS 2023 2022 years."
}
{
    "_id": "DAL20231721",
    "title": "",
    "text": "authorized issue 2. billion capital 1. 5 billion common. 500 million preferred."
}
{
    "_id": "DAL20231722",
    "title": "",
    "text": "Stock. issue series. Board authorized fix descriptions powers preferences rights qualifications limitations restrictions specify shares. not issued preferred stock."
}
{
    "_id": "DAL20231723",
    "title": "",
    "text": ". withhold Delta tax withholdings equity awards. shares valued cost market price. cost share $30. 37 $29. 73 December 2023 2022."
}
{
    "_id": "DAL20231730",
    "title": "",
    "text": "Warrants. 2020 2021 Coronavirus Aid Security Act payroll program issued warrants. Department Treasury. 1 million shares Delta common stock. warrants increased exercise price decreased December 2022 dividend payments. terms 2023 payroll program warrants millions Price Year Payroll Program. Extension. 54. 57 Total."
}
{
    "_id": "DAL20231733",
    "title": "",
    "text": "Grant Recognition. payroll CARES Act PSP extensions $4. 5 billion December 2021. grants PSP2 PSP3 recognized income statement."
}
{
    "_id": "DAL20231735",
    "title": "",
    "text": "equity cash compensation plan restricted stock units options performance awards cash incentive awards. Shares common stock issued from. shares covered award canceled without delivery surrendered withheld available for issuance except tendered option withheld tax covered stock-settled SAR awards not issued. Plan authorizes issuance 163 million shares stock. December 31, 2023 13 million shares available future grants."
}
{
    "_id": "DAL20231736",
    "title": "",
    "text": "incentive awards. vest employment. Equity compensation stock recognized salaries totaled $180 million $150 million $149 million 2023 2022 2021. expense installment vesting. unrecognized costs unvested shares stock options $103 million. unvested awards vest forfeitures."
}
{
    "_id": "DAL20231744",
    "title": "",
    "text": "Restricted Stock. subject forfeiture. value closing price. December 31, 2023 4. 2 million unvested stock awards. activity 2023 2022 2021 January 1 Granted Vested Forfeited December 31 Delta Air Lines. Form 10-K"
}
{
    "_id": "DAL20231752",
    "title": "",
    "text": "Stock Options. granted closing Delta stock 10-year term. value pricing model. December 2023 6. 2 million option awards $50. 42 5. 9 million exercisable. activity 2023 2022 2021 January 1 Forfeited(1) December 31"
}
{
    "_id": "DAL20231753",
    "title": "",
    "text": "exercise forfeiture 2022 rounds."
}
{
    "_id": "DAL20231754",
    "title": "",
    "text": "Awards. dollar incentive opportunities payable Delta stock executive officers cash. 2021 payable cash. payments 0%-200% target contingent financial goals three-year. December 31, 2023 no awards payable Delta stock officers. maximum shares 0. 7 million 1. 5 million 2022 2021."
}
{
    "_id": "DAL20231755",
    "title": "",
    "text": "Performance-Based Restricted Stock Units. incentive executive officers receive shares Delta stock performance conditions three-year period. payouts 0%-300% target. maximum shares 3. million 1. 3 million 2023 2022. no December 2021."
}
{
    "_id": "DAL20231768",
    "title": "",
    "text": "loss millions Benefits Liabilities(2) Effect Balance January 1 2021,843),038) Changes Reclassifications Balance December 31, 2021,184,130 Changes Reclassifications Balance December 31, 2022(5,801) Changes value Reclassifications Balance December 31, 2023"
}
{
    "_id": "DAL20231769",
    "title": "",
    "text": "reclassified AOCI recorded non-operating expense income statement."
}
{
    "_id": "DAL20231770",
    "title": "",
    "text": "$755 million deferred income tax tax law recognized income pension obligations extinguished."
}
{
    "_id": "DAL20231774",
    "title": "",
    "text": "segments components enterprise separate financial information evaluated chief decision maker used resource allocation performance assessments. executive leadership team. reviews information segments airline refinery."
}
{
    "_id": "DAL20231776",
    "title": "",
    "text": "airline segment single business unit scheduled air transportation passengers. loyalty program ancillary businesses. integrated revenue pricing route network. flight equipment fleet deployed single route scheduling. evaluates profitability economics no financial impact. objective optimize consolidated financial results."
}
{
    "_id": "DAL20231778",
    "title": "",
    "text": "Monroe subsidiary operates Trainer oil refinery Philadelphia refining jet fuel. operations pipelines terminal jet fuel Northeastern. York LaGuardia JFK."
}
{
    "_id": "DAL20231779",
    "title": "",
    "text": "refinery airline jet fuel agreements. production jet non-jet fuel. counterparties non-jet fuel jet fuel. value exchanged December 2023 2022 2021 $2. 4 billion $3. 5 billion $2. 3 billion."
}
{
    "_id": "DAL20231780",
    "title": "",
    "text": "refinery requirements renewable fuels. purchasing Renewable Identification Numbers. Monroe small majority RINs secondary market. Renewable fuel compliance costs accrued in accounts. Purchased RINs carried lower cost net realizable value recorded in prepaid expenses. 2023 acquired RINs assets RINs obligation. retired EPA requirements. retired $700 million 2021 2022 RINs assets obligations."
}
{
    "_id": "DAL20231807",
    "title": "",
    "text": "Segment results internal accounting methods reconciliations consolidated amounts GAAP. income loss products services.Financial millions Sales Ended December Operating revenue,669 Depreciation amortization Operating Interest expense net assets period,644 Capital expenditures Ended December Operating revenue,605,706,582 Depreciation amortization Operating,661 Interest expense net Total assets period,355,288 Capital expenditures Ended December 31, Operating revenue,670,899 Depreciation amortization Operating income,888 Interest expense Total assets period,417,459 Capital expenditures,188,247"
}
{
    "_id": "DAL20231808",
    "title": "",
    "text": "intersegment operating revenue."
}
{
    "_id": "DAL20231816",
    "title": "",
    "text": "segment results depreciation aircraft fuel taxes income statement. Revenue Intersegment Sales Ended December millions Sales airline Exchanged,293) refined products Revenue Intersegment,193)(2,825)"
}
{
    "_id": "DAL20231817",
    "title": "",
    "text": "transfers refinery airline. determine market price jet fuel refinery market index New York Harbor."
}
{
    "_id": "DAL20231818",
    "title": "",
    "text": "value products exchange agreements market price."
}
{
    "_id": "DAL20231831",
    "title": "",
    "text": "calculate earnings share income shares excluding. diluted earnings dilutive effect instruments stock options restricted stock awards warrants. Antidilutive stock equivalents. table Basic diluted earnings per Ended December 31, Net income,318 shares Dilutive effect share instruments Diluted shares Basic earnings per share. Diluted earnings share."
}
{
    "_id": "DAL20231833",
    "title": "",
    "text": "DISAGREEMENTS DISCLOSURE"
}
{
    "_id": "DAL20231834",
    "title": "",
    "text": "."
}
{
    "_id": "DAL20231837",
    "title": "",
    "text": "management Chief Executive Financial Officer disclosure controls procedures record process summarize report SEC's rules forms information. concluded controls procedures effective as of December 31, 2023 information accumulated communicated timely decisions disclosure."
}
{
    "_id": "DAL20231839",
    "title": "",
    "text": "three months ended December 31, 2023 changes internal control financial reporting affected."
}
{
    "_id": "DAL20231841",
    "title": "",
    "text": "Management internal control financial reporting Rules 13a-15 15d-15(f Securities Exchange Act 1934. control assurance reliability preparation statements accounting principles United."
}
{
    "_id": "DAL20231842",
    "title": "",
    "text": "limitations internal control financial reporting prevent misstatements. Projections effectiveness future risk controls compliance deteriorate."
}
{
    "_id": "DAL20231843",
    "title": "",
    "text": "control financial reporting December 31, 2023 criteria Sponsoring Treadway Commission 2013 Control Framework. believes control effective 2023."
}
{
    "_id": "DAL20231844",
    "title": "",
    "text": "internal control financial reporting December 31, 2023 audited Ernst & Young LLP Consolidated Financial Statements 2023. report."
}
{
    "_id": "DAL20231847",
    "title": "",
    "text": "Stockholders Delta Lines."
}
{
    "_id": "DAL20231849",
    "title": "",
    "text": "audited Delta Air Lines. control financial reporting December 31, 2023 Control-Integrated Framework Sponsoring Treadway Commission. Delta Air Lines. maintained control reporting 2023."
}
{
    "_id": "DAL20231850",
    "title": "",
    "text": "audited Public Company Accounting Oversight 2023 statements report February 12 unqualified opinion."
}
{
    "_id": "DAL20231852",
    "title": "",
    "text": "management responsible internal control financial reporting assessment Annual Report. responsibility opinion control based audit. public accounting firm registered PCAOB independent U. federal securities laws rules Securities and Exchange Commission PCAOB."
}
{
    "_id": "DAL20231853",
    "title": "",
    "text": "conducted audit PCAOB. standards require plan assurance internal control financial reporting."
}
{
    "_id": "DAL20231854",
    "title": "",
    "text": "audit included understanding internal control financial reporting risk material weakness testing effectiveness procedures necessary. audit provides basis opinion."
}
{
    "_id": "DAL20231856",
    "title": "",
    "text": "internal control over financial reporting assurance reliability financial reporting preparation financial statements for accounting principles. includes policies procedures maintenance records transactions dispositions assets assurance transactions recorded necessary preparation financial statements receipts expenditures with authorizations management directors assurance prevention of unauthorized acquisition use disposition assets financial statements."
}
{
    "_id": "DAL20231857",
    "title": "",
    "text": "limitations internal control financial reporting prevent misstatements. projections effectiveness future risk controls compliance policies deteriorate."
}
{
    "_id": "DAL20231863",
    "title": "",
    "text": "."
}
{
    "_id": "DAL20231865",
    "title": "",
    "text": "."
}
{
    "_id": "DAL20231867",
    "title": "",
    "text": "Board Matters 1 Election Directors Proxy Statement 2024 Annual Meeting Stockholders incorporated. Delta executive officers Part I Form 10-K Executive Officers."
}
{
    "_id": "DAL20231869",
    "title": "",
    "text": "required \"Executive Compensation Proxy Statement incorporated reference."
}
{
    "_id": "DAL20231870",
    "title": "",
    "text": "SECURITY OWNERSHIP STOCKHOLDER"
}
{
    "_id": "DAL20231877",
    "title": "",
    "text": "table shares common stock Delta's equity compensation plans December 31, 2023. plan information Plan Category. Securities Issued Options Warrants Weighted-Average Exercise Price. Securities Future Issuance (Excluding plans approved,385.,238,608 not Total,385.,238,608"
}
{
    "_id": "DAL20231878",
    "title": "",
    "text": "3,337,350 shares common stock performance conditions December 31, 2023."
}
{
    "_id": "DAL20231879",
    "title": "",
    "text": "performance share awards. price December 2023 $50."
}
{
    "_id": "DAL20231880",
    "title": "",
    "text": "shares under Delta's Performance Compensation Plan. covered by award canceled without delivery surrendered withheld taxes available for issuance except tendered option withheld tax by stock-settled SAR awards not issued settlement. 4,166,569 shares stock unvested forfeiture December 31, 2023 available for issuance."
}
{
    "_id": "DAL20231881",
    "title": "",
    "text": "information required Ownership Proxy Statement incorporated reference."
}
{
    "_id": "DAL20231883",
    "title": "",
    "text": "Board Matters 1 Election Directors Proxy Statement incorporated reference."
}
{
    "_id": "DAL20231885",
    "title": "",
    "text": "3 Ratification Independent Auditors Proxy Statement incorporated reference."
}
{
    "_id": "DAL20231890",
    "title": "",
    "text": ". index financial statements Form 10-K Accounting Firm Balance 31, 2023 2022"
}
{
    "_id": "DAL20231891",
    "title": "",
    "text": "Statements 2023 2022 2021"
}
{
    "_id": "DAL20231892",
    "title": "",
    "text": "Statements Comprehensive Income 2022"
}
{
    "_id": "DAL20231893",
    "title": "",
    "text": "Cash 2023 2022 2021"
}
{
    "_id": "DAL20231894",
    "title": "",
    "text": "Statements Stockholders Equity 2022"
}
{
    "_id": "DAL20231896",
    "title": "",
    "text": ". Financial Statement Schedules. not included required information applicable submission included Consolidated Financial Statements Form 10-K."
}
{
    "_id": "DAL20231897",
    "title": "",
    "text": ". Exhibit"
}
{
    "_id": "DAL20231898",
    "title": "",
    "text": "exhibits. management contracts compensatory plans Form 10-K Exhibits 10. 19."
}
{
    "_id": "DAL20231900",
    "title": "",
    "text": ". Delta Certificate Incorporation Exhibit 3. Form 8-K 2007."
}
{
    "_id": "DAL20231901",
    "title": "",
    "text": ". Amendment Certificate Incorporation Exhibit. Delta 8-K June 27,."
}
{
    "_id": "DAL20231902",
    "title": "",
    "text": ". Delta Bylaws Exhibit. Report December 9."
}
{
    "_id": "DAL20231903",
    "title": "",
    "text": ". Registrant Securities Exhibit. Delta Annual Report 10-K."
}
{
    "_id": "DAL20231904",
    "title": "",
    "text": "Delta not filing instruments indebtedness securities exceed 10% assets. Copies furnished Securities Exchange Commission."
}
{
    "_id": "DAL20231905",
    "title": "",
    "text": ". Credit Agreement November 6 2023 Delta Air Lines. JPMorgan Chase Bank."
}
{
    "_id": "DAL20231906",
    "title": "",
    "text": ". Payroll Agreement 20 Delta Air Lines. Treasury Exhibit. Quarterly Report 10-Q June 30."
}
{
    "_id": "DAL20231908",
    "title": "",
    "text": ". April 20 2020 Delta Air Lines. Treasury Exhibit. Quarterly Report 10-Q June 30."
}
{
    "_id": "DAL20231909",
    "title": "",
    "text": ". Warrant Stock Exhibit. Delta Annual Report 10-K 2020."
}
{
    "_id": "DAL20231910",
    "title": "",
    "text": ". Payroll Agreement January 15 2021 Delta Air Lines. Treasury Exhibit. Annual Report 2020."
}
{
    "_id": "DAL20231911",
    "title": "",
    "text": ". Agreement January 15 2021 Delta Air Lines. Treasury Exhibit. Annual Report 10-K 2020."
}
{
    "_id": "DAL20231912",
    "title": "",
    "text": ". Warrant Stock Exhibit. Delta Annual Report 10-K 2020."
}
{
    "_id": "DAL20231913",
    "title": "",
    "text": ". Payroll Agreement 23, Delta Air Lines. Treasury Exhibit. Quarterly Report 10-Q June 30."
}
{
    "_id": "DAL20231914",
    "title": "",
    "text": ". Agreement April 23, 2021 Delta Air Lines. Treasury Purchase Stock Exhibit. Quarterly Report June 30."
}
{
    "_id": "DAL20231915",
    "title": "",
    "text": ". Loan Guaranty Agreement September 23, 2020 Delta SkyMiles. Barclays Bank. Bank Association lenders Exhibit. 8-K Securities Exchange Commission September 25."
}
{
    "_id": "DAL20231916",
    "title": "",
    "text": ". Amendment Loan December 4 2022 SkyMiles. Delta Air Lines. Barclays Bank Exhibit. Delta Annual Report."
}
{
    "_id": "DAL20231917",
    "title": "",
    "text": ". Tenant Agreement December 9 2010 JFK Terminal Delta Lines. Exhibit. Annual Report December."
}
{
    "_id": "DAL20231918",
    "title": "",
    "text": ". Agreement April 8 2022 JFK Delta Lines. Exhibit. Quarterly Report 10-Q June 30."
}
{
    "_id": "DAL20231919",
    "title": "",
    "text": ". Lease Port Authority New York Delta Air Lines. September 13, 2017 Exhibit. Quarterly Report 10-Q."
}
{
    "_id": "DAL20231920",
    "title": "",
    "text": ". A330 Agreement November 24 2014. Delta Air Lines. Exhibit. Delta Annual Report 10-K December."
}
{
    "_id": "DAL20231921",
    "title": "",
    "text": ". Amendment. 3 A330 A350 Agreement November 24 2014. Delta Air Lines. Exhibit 10. Delta Quarterly Report June 30."
}
{
    "_id": "DAL20231922",
    "title": "",
    "text": ". 2017 Amendment. 3 Exhibit. Delta Quarterly Report 10-Q June 30."
}
{
    "_id": "DAL20231924",
    "title": "",
    "text": ". Amendment. October 30 2018 A330 A350-900 Agreement November 24 2014. Delta Air Lines. Exhibit. Annual Report 10-K December."
}
{
    "_id": "DAL20231925",
    "title": "",
    "text": ". 30 2018 Amendment. 8 Exhibit. Annual Report 10-K December 31,."
}
{
    "_id": "DAL20231926",
    "title": "",
    "text": ". Amendment 11 July 30 2020 A330 Agreement November 24 2014 Delta. Exhibit 10. Quarterly Report 30 2020."
}
{
    "_id": "DAL20231927",
    "title": "",
    "text": ". July 30 2020 A330 A350-900 November 24 2014 Exhibit 10. Delta Quarterly Report September 30 2020."
}
{
    "_id": "DAL20231928",
    "title": "",
    "text": ". July 30 2020 A330 A350-900 November 24 2014 Exhibit 10. Delta Quarterly Report September 30 2020."
}
{
    "_id": "DAL20231929",
    "title": "",
    "text": ". Purchase Agreement December 15 2017. Delta Air Lines. Exhibit. Annual Report Form 10-K."
}
{
    "_id": "DAL20231930",
    "title": "",
    "text": ". Amendment. 2 July 30 2020 Purchase Agreement December 15 2017 Delta. Exhibit. Quarterly Report 2020."
}
{
    "_id": "DAL20231931",
    "title": "",
    "text": ". Agreement. July 30 2020 Purchase December 15 2017 Delta Airbus. Exhibit 10. Quarterly Report September 30 2020."
}
{
    "_id": "DAL20231932",
    "title": "",
    "text": ". Amendment. 3 2021 Purchase Agreement December 15 2017. Delta Air Lines. Exhibit. Quarterly Report June 30 2021."
}
{
    "_id": "DAL20231933",
    "title": "",
    "text": ". Amendment. 3 2021 Exhibit. Delta Quarterly Report June 30 2021."
}
{
    "_id": "DAL20231934",
    "title": "",
    "text": ". Amendment. 4 2021 Purchase Agreement December 15 2017. Delta Air Lines. Exhibit. Quarterly Report September 30 2021."
}
{
    "_id": "DAL20231935",
    "title": "",
    "text": ". Agreements. Amendment. 4 2021 Exhibit. Delta Quarterly Report September 2021."
}
{
    "_id": "DAL20231936",
    "title": "",
    "text": ". Purchase Agreement-04696 July 18 2022 Boeing Delta Air Lines. Exhibit. Quarterly Report 10-Q."
}
{
    "_id": "DAL20231937",
    "title": "",
    "text": ". Delta Air Lines. Compensation Plan Exhibit. Quarterly Report."
}
{
    "_id": "DAL20231938",
    "title": "",
    "text": ". Delta Air Lines. Severance Plan amended June 1 2016 Exhibit. Quarterly Report."
}
{
    "_id": "DAL20231939",
    "title": "",
    "text": ". Amendment Delta Air Lines. Severance Plan June 2016 Exhibit. Annual Report 2020."
}
{
    "_id": "DAL20231941",
    "title": "",
    "text": ". Benefits Board Officers Exhibit. Delta Annual Report 10-K December 2021."
}
{
    "_id": "DAL20231942",
    "title": "",
    "text": ". Delta Air Lines. 2023."
}
{
    "_id": "DAL20231943",
    "title": "",
    "text": ". Delta Air Lines. 2021 Incentive Program Exhibit. Quarterly Report March."
}
{
    "_id": "DAL20231944",
    "title": "",
    "text": ". Delta Air Lines. 2022 Incentive Program Exhibit. Quarterly Report March."
}
{
    "_id": "DAL20231945",
    "title": "",
    "text": ". Delta Air Lines. 2023 Incentive Program Exhibit. Quarterly Report 30."
}
{
    "_id": "DAL20231946",
    "title": "",
    "text": ". Delta Air Lines. Disability Plan Exhibit. Annual Report 10-K."
}
{
    "_id": "DAL20231947",
    "title": "",
    "text": ". 2023 Stock Non Directors Exhibit. Quarterly Report June 30."
}
{
    "_id": "DAL20231948",
    "title": "",
    "text": ". Registrant."
}
{
    "_id": "DAL20231949",
    "title": "",
    "text": ". Ernst Young."
}
{
    "_id": "DAL20231950",
    "title": "",
    "text": ". Rule Certification Chief."
}
{
    "_id": "DAL20231951",
    "title": "",
    "text": ". Rule Chief Financial."
}
{
    "_id": "DAL20231952",
    "title": "",
    "text": "Certification. 1350 906 Sarbanes-Oxley Act."
}
{
    "_id": "DAL20231953",
    "title": "",
    "text": "Delta Lines."
}
{
    "_id": "DAL20231954",
    "title": "",
    "text": ". XBRL Instance Document XBRL tags embedded XBRL document."
}
{
    "_id": "DAL20231960",
    "title": "",
    "text": "cover Annual Report 10-K 2023 Exhibit 101"
}
{
    "_id": "DAL20231962",
    "title": "",
    "text": "."
}
{
    "_id": "DAL20231963",
    "title": "",
    "text": "exhibit confidential."
}
{
    "_id": "DAL20231965",
    "title": "",
    "text": "."
}
{
    "_id": "DAL20231972",
    "title": "",
    "text": "Section 13 Securities Exchange Act 1934 registrant report 12th February 2024. AIR LINES. Edward. Bastian. Executive Officer"
}
{
    "_id": "DAL20231974",
    "title": "",
    "text": "Securities Exchange Act 1934 report signed 12th February 2024 registrant capacities."
}
{
    "_id": "LIN20230004",
    "title": "",
    "text": "Linde plc Ireland offices United Kingdom States. largest industrial gas company. products atmospheric process dioxide helium hydrogen electronic specialty acetylene. designs builds equipment gas production processing services olefin natural gas air separation hydrogen synthesis gas."
}
{
    "_id": "LIN20230005",
    "title": "",
    "text": "Linde healthcare metals mining food electronics."
}
{
    "_id": "LIN20230006",
    "title": "",
    "text": "sales $32,854 $33,364 $30,793 million 2023 2022 2021. Item 7 sales Note 18."
}
{
    "_id": "LIN20230008",
    "title": "",
    "text": "Atmospheric gases highest volume Linde. produces oxygen nitrogen argon cryogenic prevalent. Rare gases krypton neon xenon cryogenic. pioneer industrial Linde proprietary patented applications supply systems. non-cryogenic separation. markets production cost. vacuum pressure swing adsorption membrane separation oxygen nitrogen."
}
{
    "_id": "LIN20230009",
    "title": "",
    "text": "gases dioxide hydrogen helium acetylene."
}
{
    "_id": "LIN20230010",
    "title": "",
    "text": "Hydrogen produced from feedstocks technologies. colors production processes. majority Linde gray hydrogen derived from natural gas methane steam methane reformation technology. blue green hydrogen clean energy. Blue carbon emissions. Green electrolysis renewable steam methane reforming biomethane. Low high-purity hydrogen by-product hydrogen chemical petrochemical industries."
}
{
    "_id": "LIN20230011",
    "title": "",
    "text": "Carbon monoxide produced steam-thermal natural gas. carbon dioxide purchased plants recovered wells. processed Linde’s plants commercial food-grade. Helium sourced natural gas additional outside. Acetylene chemical by-product calcium carbide water."
}
{
    "_id": "LIN20230013",
    "title": "",
    "text": "three distribution methods industrial gases on-site tonnage merchant bulk liquid packaged cylinder gases. integrated products same plant. determined by lowest cost needs volume purity pattern usage form."
}
{
    "_id": "LIN20230015",
    "title": "",
    "text": ". volumes oxygen nitrogen hydrogen constant demand supplied cryogenic plants. Linde"
}
{
    "_id": "LIN20230017",
    "title": "",
    "text": "product.-site contracts requirement 10-20 years minimum purchase price escalation provisions. cryogenic plants produce liquid products. single customer. air separation delivery smaller volume."
}
{
    "_id": "LIN20230018",
    "title": "",
    "text": ". with oxygen nitrogen argon carbon hydrogen helium. deliveries plants to storage containers site owned leased. cost oxygen nitrogen small radius from. argon hydrogen helium longer. agreements three to seven-year contracts."
}
{
    "_id": "LIN20230019",
    "title": "",
    "text": "Packaged Gases. volumes cylinders high pressure. atmospheric carbon hydrogen helium acetylene. Linde produces specialty gases mixtures. delivered. sold one three-year contracts purchase orders."
}
{
    "_id": "LIN20230021",
    "title": "",
    "text": "Linde’s Engineering global air separation hydrogen synthesis olefin natural gas plants. efficient plants. technologies avoid CO2 emissions. portfolio production storage distribution hydrogen transition clean energy. digital services solutions efficiency performance."
}
{
    "_id": "LIN20230022",
    "title": "",
    "text": "Linde plants petrochemical chemical industries refineries fertilizer plants synthesis natural noble gases. Engineering business supplies components industrial gas Linde."
}
{
    "_id": "LIN20230023",
    "title": "",
    "text": "Linde gases hardgoods. On-site plants pipeline complexes limited inventory. obsolescence."
}
{
    "_id": "LIN20230024",
    "title": "",
    "text": "Linde not dependent single."
}
{
    "_id": "LIN20230025",
    "title": "",
    "text": "Linde global 68% 2023 sales outside United States. subsidiaries 45 European Middle Eastern African countries Germany. France South 20 Asian South Pacific 20 North South America Canada."
}
{
    "_id": "LIN20230026",
    "title": "",
    "text": "equity Europe Middle East."
}
{
    "_id": "LIN20230027",
    "title": "",
    "text": "Linde’s non-U. business risks. import export controls economic policies. see Item 1A. 7A. Market Risk."
}
{
    "_id": "LIN20230028",
    "title": "",
    "text": "Linde’s business fluctuations."
}
{
    "_id": "LIN20230030",
    "title": "",
    "text": "gas processing separation clean energy distribution new markets applications. air separation hydrogen synthesis adsorption chemical clean energy carbon management industrial gas applications. Pullach Tonawanda York Burr Ridge Illinois Shanghai China."
}
{
    "_id": "LIN20230032",
    "title": "",
    "text": "Patents Trademarks Linde owns licenses patents products processes. patents expire next 20 years. important to businesses dependent upon patent license. owns trademarks \"Linde\" trademark most significant."
}
{
    "_id": "LIN20230033",
    "title": "",
    "text": "Materials Energy Costs industrial gases. electricity natural gas diesel. mitigates fluctuations pricing surcharges cost tolling arrangements."
}
{
    "_id": "LIN20230034",
    "title": "",
    "text": "supply energy company. energy availability price unpredictable future risks."
}
{
    "_id": "LIN20230035",
    "title": "",
    "text": "carbon monoxide helium hydrogen gases materials purchased. Linde contracts materials long availability prices market."
}
{
    "_id": "LIN20230036",
    "title": "",
    "text": "Linde participates competitive markets industrial gases engineering local regional global players pressure. Linde pipeline networks supply competitive advantage."
}
{
    "_id": "LIN20230037",
    "title": "",
    "text": "Competitors industrial gases L’Air Liquide. Air Products Chemicals. Messer Group Mitsubishi Chemical Holdings small gas companies. international gases market customer-owned plants."
}
{
    "_id": "LIN20230038",
    "title": "",
    "text": "company sources talent environment. source qualified employees prerequisite success risk Linde."
}
{
    "_id": "LIN20230039",
    "title": "",
    "text": "Board Directors world-class standards talent management. Executive compensation assessed annually financial non. Human Capital Committee compensation policies. reviews management development succession programs diversity policies. Human Resources reports Chief Executive Officer. leader Diversity, Equity Inclusion reports Human Resources."
}
{
    "_id": "LIN20230040",
    "title": "",
    "text": "Linde diversity inclusion performance management. equity inclusion competitive advantage talent pipeline recruiting. equal employment recruits compensates performance ability."
}
{
    "_id": "LIN20230041",
    "title": "",
    "text": "Employees receive competitive salary variable compensation performance job level. Linde collective bargaining agreements unions. Additional benefits occupational pensions contributions health insurance. Senior managers participate growth Long Term Incentive Plan. leadership awards employees. special compensation schemes. invests professional development."
}
{
    "_id": "LIN20230043",
    "title": "",
    "text": "Linde 66,323 28 women 72. 29 percent women 71 percent."
}
{
    "_id": "LIN20230045",
    "title": "",
    "text": "Environment Information incorporated Discussion Analysis Environmental Item 7 10-K."
}
{
    "_id": "LIN20230046",
    "title": "",
    "text": "company makes periodic reports free website. linde. com after filed Securities Exchange Commission. Investors access information press releases presentations. website not incorporated. public read copy materials filed SEC website. sec. reports proxy issuers."
}
{
    "_id": "LIN20230047",
    "title": "",
    "text": "Executive Officers elected Board Directors serve pleasure. Board annually meeting shareholders."
}
{
    "_id": "LIN20230048",
    "title": "",
    "text": "Sanjiv Lamba Chief Linde March 1 2022. Chief Operating Officer January 2021 Vice President APAC October 2018. Member Executive Board Linde 2011, Asia Pacific Global Helium Rare Asia Joint Venture Management. 1989 BOC India Director Finance Managing Director 2001. Germany. Singapore India."
}
{
    "_id": "LIN20230049",
    "title": "",
    "text": "Bichara Vice President Legal Officer. Vice President General Counsel. Director Legal Mexico Vice President Asia. Europe Mexico General Counsel Assistant Secretary. Cemex global law firms."
}
{
    "_id": "LIN20230050",
    "title": "",
    "text": "Durbin Vice President North America 2023. EMEA 2021 2023 Global Functions 2020. Praxair. 1993 operations engineering sales. President Europe 2019 President Praxair Canada. 2013."
}
{
    "_id": "LIN20230051",
    "title": "",
    "text": ". Hoyt Chief Accounting Linde 2018. Vice President Controller Praxair. 2016. Director Investor Relations 2010. 2002 Corporate Accounting SEC Reporting Controller North American Industrial Gas. KPMG."
}
{
    "_id": "LIN20230052",
    "title": "",
    "text": "Nowicki Vice President CEO Linde Engineering 2020. Senior Vice President. 1991 Internal Auditor Finance Controlling. CFO Linde Gas Head Finance 2006. Managing Director 2011."
}
{
    "_id": "LIN20230053",
    "title": "",
    "text": "Panikar Vice President APAC Linde January 2021. President Africa 2018. 2014 2018. President Praxair Asia. 1991 Applications Engineer. Manager Business Director Managing Director India President Praxair Distribution."
}
{
    "_id": "LIN20230055",
    "title": "",
    "text": "Pfann Senior Vice President EMEA 2023. 1995 Linde. Development Sales Manager Romania. General Manager Italy 2004. 2007,"
}
{
    "_id": "LIN20230057",
    "title": "",
    "text": "Eastern Europe countries. 2017 UK Ireland Africa Business President East 2019."
}
{
    "_id": "LIN20230058",
    "title": "",
    "text": ". Strauss Executive Vice President 2022. 2021 Senior Vice President. Linde 1990 Engineer electronics. 2000 2013, General Manager Linde Advanced Material Technologies. Vice President Safety Health Environment Chief Resources Praxair. 2016"
}
{
    "_id": "LIN20230060",
    "title": "",
    "text": ". White Vice President Linde 2018. Senior Vice President Praxair. 2014. President Praxair Canada 2011 2013. 2004 finance director North American Industrial Gases. 2008, Vice President Controller Praxair. Vice Treasurer 2010. Fisher Scientific GenTek."
}
{
    "_id": "LIN20230063",
    "title": "",
    "text": "size reach operations factors outside control affect future operations financial performance. believes risks impact"
}
{
    "_id": "LIN20230064",
    "title": "",
    "text": "Linde impact financial results cash flows."
}
{
    "_id": "LIN20230065",
    "title": "",
    "text": "Linde serves industries 80 countries leads to financial stability. decline in economic business conditions affect demand obligations uncollected receivables contract terminations delays. global political economic uncertainty investment business."
}
{
    "_id": "LIN20230066",
    "title": "",
    "text": "Linde’s customers cyclical chemicals metals energy. Downturns impact Linde. conditions manufacturing capacity impairment losses property equipment intangible goodwill relationships intellectual property."
}
{
    "_id": "LIN20230067",
    "title": "",
    "text": "energy raw materials supply lost sales profitability."
}
{
    "_id": "LIN20230068",
    "title": "",
    "text": "Energy largest cost industrial gases. Linde’s energy requirements electricity natural gas diesel fuel. variability contracts demand efficiency. Large contracts escalation pass-through clauses energy costs. cost variability impact financial. supply energy. regional energy conditions unpredictable future risk."
}
{
    "_id": "LIN20230069",
    "title": "",
    "text": "carbon dioxide monoxide helium hydrogen gases raw materials purchased outside. Linde sources calcium carbide byproducts. contracts raw materials availability prices subject market. disruption supply impact commitments."
}
{
    "_id": "LIN20230070",
    "title": "",
    "text": "Linde’s international operations risks impact business financial results."
}
{
    "_id": "LIN20230071",
    "title": "",
    "text": "Linde international operations risks devaluations transportation delays political economic instability restrictions trade conflicts duties tariffs import export controls policies labor unrest nationalization expropriation assets. non. tax policies compliance regulations. operations Linde demand prices revenue business."
}
{
    "_id": "LIN20230072",
    "title": "",
    "text": "rate risks Linde results."
}
{
    "_id": "LIN20230074",
    "title": "",
    "text": "Linde's revenue. changes exchange rates revenue costs earnings affect book value assets liabilities equity. utilizes foreign"
}
{
    "_id": "LIN20230076",
    "title": "",
    "text": "contracts hedge currency exposure market conditions. fluctuations currency affect Linde’s financial condition cash flows."
}
{
    "_id": "LIN20230077",
    "title": "",
    "text": "Macroeconomic factors impact cost financial results cash flows."
}
{
    "_id": "LIN20230078",
    "title": "",
    "text": "Volatility disruption in U. S. European global credit equity markets difficult Linde financing increase cost. Linde’s borrowing costs affected by debt ratings based on performance. decrease debt ratings increase cost."
}
{
    "_id": "LIN20230079",
    "title": "",
    "text": "impairment goodwill financial results."
}
{
    "_id": "LIN20230080",
    "title": "",
    "text": "December 31, 2023 net value goodwill indefinite-lived assets was $27 billion $2 billion business combination acquisition method Linde AG. company assesses assets. negative industry trends disruptions divestitures market capitalization declines impairments goodwill assets. charges Linde's results."
}
{
    "_id": "LIN20230081",
    "title": "",
    "text": "events disrupt operations Linde customers suppliers results."
}
{
    "_id": "LIN20230082",
    "title": "",
    "text": "catastrophic events extreme weather health epidemics pandemics war terrorism disrupt produce distribute products expose liability claims. events impact customers suppliers outages energy raw materials. Linde evaluates risks consults vendors insurance providers experts resilient design technology conducts reviews. situations outside control financial results."
}
{
    "_id": "LIN20230083",
    "title": "",
    "text": "inability attract impact."
}
{
    "_id": "LIN20230084",
    "title": "",
    "text": "Linde fails attract hire personnel develop market sell products manage business. skilled workforce. competitive advantage expertise key personnel marketing technology manufacturing distribution. inability attract loss employees financial results."
}
{
    "_id": "LIN20230085",
    "title": "",
    "text": "Linde technological advances new accepted customers buy products results operations affected."
}
{
    "_id": "LIN20230087",
    "title": "",
    "text": "Linde’s research development methods production distribution industrial gases design construction plants new markets applications for. results in applications advanced process technologies. develops technologies technologies global geographies. technologies help competitive advantage grow business. research"
}
{
    "_id": "LIN20230089",
    "title": "",
    "text": "activities competitors Linde create technologies future results affected."
}
{
    "_id": "LIN20230090",
    "title": "",
    "text": "pension impact Linde’s flows."
}
{
    "_id": "LIN20230091",
    "title": "",
    "text": "Pension benefits financial obligations settled employees eligibility. uncertainties future payments returns estimates pension expense liabilities. actuaries calculations. assumptions pension expense financial statements. investment returns discount rates legislative regulatory changes impact future pension contributions."
}
{
    "_id": "LIN20230092",
    "title": "",
    "text": "risks impact Linde’s."
}
{
    "_id": "LIN20230093",
    "title": "",
    "text": "Linde’s operating results on production facilities customer contract requirements needs. Insufficient capacity profit liabilities. new construction projects on time budget performance requirements. Failure loss revenue litigation reputation."
}
{
    "_id": "LIN20230094",
    "title": "",
    "text": "Linde’s production facilities systems storage transportation pipelines operational risks training oversight control. failures fire release explosions accidents life production property damage financial results."
}
{
    "_id": "LIN20230095",
    "title": "",
    "text": "Linde failures breaches security."
}
{
    "_id": "LIN20230096",
    "title": "",
    "text": "Linde stores sensitive information. susceptible outages fire flood power telecommunications viruses break-ins breaches security."
}
{
    "_id": "LIN20230097",
    "title": "",
    "text": "Linde risks security technologies internal controls network data center resiliency recovery processes. information systems sophisticated cyber attacks. failures breaches loss disclosure confidential information data. business interruption malfunction legal actions operations reputation financial results. significant Linde operations financial results."
}
{
    "_id": "LIN20230098",
    "title": "",
    "text": "inability integrate acquisitions collaborate impact financial."
}
{
    "_id": "LIN20230102",
    "title": "",
    "text": "Linde evaluated expects potential acquisitions joint ventures. transactions material financial condition results. integrating acquired company create operating difficulties expenditures. Linde successful acquisition strategy risks include need controls procedures policies management time from business to acquisition integration challenges"
}
{
    "_id": "LIN20230108",
    "title": "",
    "text": "challenges integrating employees integrate accounting management human resources systems assimilation operations products synergies cost reductions retain employees business relationships."
}
{
    "_id": "LIN20230109",
    "title": "",
    "text": "acquisitions joint ventures risks integration cultures languages currency economic political regulatory countries."
}
{
    "_id": "LIN20230110",
    "title": "",
    "text": "anticipated acquisitions materialize. debt liabilities expenses impairments goodwill impact Linde’s financial results."
}
{
    "_id": "LIN20230111",
    "title": "",
    "text": "Linde subject international laws government regulations failure business financial position results operations."
}
{
    "_id": "LIN20230121",
    "title": "",
    "text": "Linde subject regulations protection climate change energy efficiency. non-U. tax currency controls laws European Union economic sanctions protection anti-bribery. Foreign Corrupt Practices Act regulations."
}
{
    "_id": "LIN20230122",
    "title": "",
    "text": "Changes regulatory impact profitability compliance risks complex costly compliance sanctions non-compliance rise. Noncompliance penalties sanctions cancellation marketing rights restrictions exclusion public tender financial results reputation."
}
{
    "_id": "LIN20230123",
    "title": "",
    "text": "changes restrict Linde’s. environmental protection climate change impact customer competitor behavior structural changes markets. Linde risks strategic alliances investment technologies uncertainty new regulations difficult predict changes Linde’s business. changes Linde results."
}
{
    "_id": "LIN20230125",
    "title": "",
    "text": "business globally requires Linde anti-corruption trade economic sanctions laws policies employees intermediaries restrictions. restrictions include prohibitions sale supply products embargoed countries governments. Compliance requires screening business partners. policies protect intentional negligent acts. Linde fails laws subject criminal penalties remedial measures affect reputation business results."
}
{
    "_id": "LIN20230127",
    "title": "",
    "text": "litigation investigations impact business operations."
}
{
    "_id": "LIN20230128",
    "title": "",
    "text": "Linde’s subsidiaries party to lawsuits governmental investigations. Adverse outcomes damages relief affect Linde’s business. subject further claims litigation impossible predict. uncertainties. Legal judgments settlements expenses not covered insurance negative publicity reputational damage. unfavorable outcome impact operations."
}
{
    "_id": "LIN20230129",
    "title": "",
    "text": "defects inadequate impact."
}
{
    "_id": "LIN20230130",
    "title": "",
    "text": "Risks products services liability claims loss customers damage reputation. defects inadequate customer care."
}
{
    "_id": "LIN20230131",
    "title": "",
    "text": "Linde exposed to legal risks product liability including United States class actions significant. outcome pending proceedings judgments settlements losses costs expenses."
}
{
    "_id": "LIN20230132",
    "title": "",
    "text": "manufacturing sale products construction plants Linde risks storage transport materials waste. Industrial gases hazardous medical gases healthcare services comply specifications."
}
{
    "_id": "LIN20230133",
    "title": "",
    "text": "Linde’s products services defective lead to injuries business interruptions environmental damages liability losses penalties environmental exclusion from sectors loss reputation. Linde’s business results."
}
{
    "_id": "LIN20230134",
    "title": "",
    "text": ". enforceable Linde."
}
{
    "_id": "LIN20230135",
    "title": "",
    "text": "Linde organized under laws Ireland assets outside United States. directors officers subsidiaries reside outside. difficult investors effect process Linde enforce judgments U. S. courts civil. federal securities laws. enforce actions outside rights U. S. federal securities laws."
}
{
    "_id": "LIN20230136",
    "title": "",
    "text": "judgment payment money United States enforceable Ireland. no treaty Ireland States reciprocal enforcement foreign judgments. requirements foreign judgment enforceable definite sum final conclusive provided competent jurisdiction."
}
{
    "_id": "LIN20230137",
    "title": "",
    "text": "Irish court refuse fraud violated Irish policy natural justice irreconcilable with earlier judgment."
}
{
    "_id": "LIN20230139",
    "title": "",
    "text": "doubt Irish court impose civil liability Linde original action U. S. federal securities laws Linde expert."
}
{
    "_id": "LIN20230141",
    "title": "",
    "text": "tax laws impact financial results."
}
{
    "_id": "LIN20230142",
    "title": "",
    "text": "Linde subsidiaries subject tax rules U. S. Germany Ireland U. other countries. rules change. current economic conditions tax rates policies. EU changes Linde's income tax. Linde U. tax resident potential changes tax rules. affect Linde."
}
{
    "_id": "LIN20230143",
    "title": "",
    "text": "Development framework 15% global minimum tax rate. U. K. EU states implemented Pillar Two January 1 2024. OECD guidance legislation. Linde legislation tax rate."
}
{
    "_id": "LIN20230144",
    "title": "",
    "text": "change Linde’s tax residency profitability trigger taxes dividends exit charges. If Linde U. another. exit charges additional tax charges. Linde more duplicative taxation. Linde incorporated in Ireland not domestic corporation. tax IRS challenge changes. tax law alter. If law adverse tax consequences for Linde company shareholders."
}
{
    "_id": "LIN20230146",
    "title": "",
    "text": "Changes tax laws higher tax expense payments. changes tax legislation uncertainty restrict Linde's rights. Linde operates in complex tax regulations. subsidiaries subject to audits review actions. ultimate tax outcome differ financial statements affect financial results."
}
{
    "_id": "LIN20230149",
    "title": "",
    "text": "."
}
{
    "_id": "LIN20230152",
    "title": "",
    "text": "Cybersecurity top enterprise risk information technology. Linde security technologies controls network data center resiliency disaster recovery."
}
{
    "_id": "LIN20230153",
    "title": "",
    "text": "Linde security enhancements Zero Trust principle. maintains Standard Operating Procedure Security Incident Response escalation reporting remediation. cybersecurity teams surveillance implement controls operations. engages third parties analysis advice risks. conducts mandatory trainings cybersecurity awareness programs."
}
{
    "_id": "LIN20230154",
    "title": "",
    "text": "software providers cybersecurity risk. Linde performs risk assessment control environment providers."
}
{
    "_id": "LIN20230155",
    "title": "",
    "text": "Despite steps systems subject sophisticated cyber attacks. failures breaches loss disclosure confidential Linde employees customers suppliers. business interruption legal actions Linde’s operations reputation financial results. attempts significant Linde operations financial results."
}
{
    "_id": "LIN20230157",
    "title": "",
    "text": "cybersecurity risk management Audit Committee. annual quarterly updates cybersecurity systems strategies risk management cybersecurity breach. Board reviews cybersecurity. Linde Global Chief Information Officer Chief Financial Officer. global IT security team."
}
{
    "_id": "LIN20230159",
    "title": "",
    "text": "Linde offices Woking Danbury Connecticut. owns Tonawanda York Pullach Germany."
}
{
    "_id": "LIN20230160",
    "title": "",
    "text": "Linde’s gas products uneconomical transport hundred miles production facility. Linde operates production facilities."
}
{
    "_id": "LIN20230161",
    "title": "",
    "text": "production facilities Linde. leased December 31, 2023. facilities manufacturing needs."
}
{
    "_id": "LIN20230165",
    "title": "",
    "text": "Americas U. S. Canada Mexico Brazil 350 cryogenic hydrogen carbon. five pipeline complexes Indiana Houston Texas Detroit Louisiana. noncryogenic packaged gas smaller."
}
{
    "_id": "LIN20230167",
    "title": "",
    "text": "EMEA Germany. Eastern France Sweden South Africa 275 cryogenic carbon. noncryogenic pipelines hydrogen packaged gas smaller."
}
{
    "_id": "LIN20230169",
    "title": "",
    "text": "APAC China Australia Korea 230 cryogenic carbon dioxide. noncryogenic pipelines hydrogen packaged gas."
}
{
    "_id": "LIN20230171",
    "title": "",
    "text": "Engineering designs constructs plants separation hydrogen synthesis gas. components Tacherting Hesingue France New York Oklahoma Dalian."
}
{
    "_id": "LIN20230173",
    "title": "",
    "text": "incorporated Consolidated Financial Statements. Commitments Item 8 10-K."
}
{
    "_id": "LIN20230176",
    "title": "",
    "text": "."
}
{
    "_id": "LIN20230178",
    "title": "",
    "text": "EQUITY STOCKHOLDER EQUITY SECURITIES"
}
{
    "_id": "LIN20230179",
    "title": "",
    "text": "Linde shares Nasdaq. December 31, 2023 6,596 shareholders. January November shares traded New York Stock Exchange November 7 delisted Nasdaq."
}
{
    "_id": "LIN20230185",
    "title": "",
    "text": "Purchases Equity Securities information purchases company Rule 10b-18(a)(3) Securities Exchange Act 1934 ordinary shares months December 2023 Shares Purchased Price Paid Share Programs Dollar Value Shares October 2023#373.,051 November 2023.,788 December 2023#405.,366 Fourth Quarter 2023.,366"
}
{
    "_id": "LIN20230186",
    "title": "",
    "text": "February 28, 2022 approved repurchase $10. billion shares trading market conditions. maximum repurchase 15% shares March 1, 2022 expires July 31, 2024."
}
{
    "_id": "LIN20230187",
    "title": "",
    "text": "October 23, 2023 approved repurchase $15. billion shares open market 10b5-1 trading subject market business conditions. 2023 program October 23, 2023 maximum authority reached."
}
{
    "_id": "LIN20230189",
    "title": "",
    "text": "repurchased $8. billion 2022. $1. 4 billion $15 billion repurchases 2022 2023."
}
{
    "_id": "LIN20230195",
    "title": "",
    "text": "Performance Table compares returns Linde shares Standard Poor’s 500 Index S5 Materials Index 28 companies Linde. initial investment $100 December 31, 2018 dividends reinvested. LIN SPX S5MATR"
}
{
    "_id": "LIN20230198",
    "title": "",
    "text": "."
}
{
    "_id": "LIN20230200",
    "title": "",
    "text": "DISCUSSION FINANCIAL RESULTS"
}
{
    "_id": "LIN20230214",
    "title": "",
    "text": "financial condition consolidated statements 8 Form 10-K. Business Overview Summary Results Discussion Liquidity Capital Data Off-Balance Sheet Accounting Accounting Standards Value Non-GAAP Financial Measures Supplemental Guarantee"
}
{
    "_id": "LIN20230217",
    "title": "",
    "text": "company products atmospheric nitrogen process helium hydrogen electronic specialty acetylene. designs engineers builds equipment offers gas production processing services olefin natural hydrogen synthesis."
}
{
    "_id": "LIN20230218",
    "title": "",
    "text": "gas operations 2023 90% sales three segments EMEA APAC remaining 10% Engineering Note 18 consolidated financial statements."
}
{
    "_id": "LIN20230219",
    "title": "",
    "text": "Linde industries healthcare chemicals manufacturing metals food beverage electronics. stability."
}
{
    "_id": "LIN20230225",
    "title": "",
    "text": "Linde's gas generates revenues earnings strongest positions distribution highest service lowest cost. North South America Middle East Africa Brazil Mexico Europe Korea Canada"
}
{
    "_id": "LIN20230227",
    "title": "",
    "text": "manufactures distributes industrial gas production plants pipeline complexes distribution centers. complexes United States China. reliable supply. long-term contracts cash energy feedstock costs. growth geographies healthcare chemicals energy manufacturing metals mining food beverage electronics."
}
{
    "_id": "LIN20230234",
    "title": "",
    "text": "$32,854 million 2% below 2022 $33,364 million. Cost pass-through decreased 3%. Engineering decreased 2%. Volumes 1%. Currency translation 1% APAC. Divestitures 1% GIST nexAir. 6% price attainment. profit $8,024 million 49% above 2022. Adjusted $9,070 million 15% above 2022. driven Russia-Ukraine conflict higher pricing lower depreciation. inflation volumes. pricing productivity initiatives. income Linde $6,199 million diluted earnings $12. Adjusted $6,989 million. 13% 16% above. flow $9,305 million $441 million above 2022. higher income capital. Capital expenditures $3,787 million dividends $2,482 million purchases $3,925 million debt borrowings $1,060 million."
}
{
    "_id": "LIN20230235",
    "title": "",
    "text": "reconciliation-GAAP Financial Measures MD&A."
}
{
    "_id": "LIN20230238",
    "title": "",
    "text": "Linde updates results trends guidance earnings releases teleconferences. materials. not incorporated."
}
{
    "_id": "LIN20230241",
    "title": "",
    "text": "discussion results liquidity capital resources December 2023 2022. 2022 2021 Part II Item 7 Financial Condition Form 10-K December 2022."
}
{
    "_id": "LIN20230272",
    "title": "",
    "text": "table 2023 2022. reported amounts GAAP Statements Income. adjusted amounts not substitute GAAP. share Ended December 31, Reported Amounts Sales,854,364 Cost depreciation amortization,492,450 percent sales. general administrative,295,107. Depreciation amortization,816,204 Other charges Operating Profit,369 Operating margin. Interest expense pension OPEB cost excluding service cost tax rate. Income equity investments Noncontrolling interests Net Income Linde plc,199,147 Diluted earnings per share.. shares,038 employees,010 Adjusted Amounts Operating profit,070 margin. 6. Net Income Linde plc,195 earnings per share. Financial Data EBITDA,007,745 percent sales. Adjusted EBITDA,133,873 percent sales. 6"
}
{
    "_id": "LIN20230274",
    "title": "",
    "text": "Note 3 statements."
}
{
    "_id": "LIN20230276",
    "title": "",
    "text": "amounts Data non-GAAP measures. reconciliation-GAAP Financial Measures MD&A."
}
{
    "_id": "LIN20230289",
    "title": "",
    "text": "table consolidated sales vs. 2022 Factors Sales Volume Price/Mix Cost pass-through Currency Acquisitions/divestitures Engineering"
}
{
    "_id": "LIN20230292",
    "title": "",
    "text": "Linde sales decreased $510 million 2% 2023 2022. pricing 6%. Cost pass-through decreased sales 3% profit. decreased 1% electronics metals mining. divestitures 1%. Currency translation decreased 1% APAC Chinese. EMEA Euro pound."
}
{
    "_id": "LIN20230294",
    "title": "",
    "text": "sales decreased $1,958 million 10% lower cost volumes acquisitions productivity gains inflation. 53. 2% 58. 3% 2023 2022. higher pricing lower cost-through."
}
{
    "_id": "LIN20230296",
    "title": "",
    "text": "increased $188 million $3,107 2022 $3,295 million 2023. 0%. 3% 2022. Currency $3 million. costs nexAir."
}
{
    "_id": "LIN20230298",
    "title": "",
    "text": "depreciation expense decreased $388 million 9% 2022. merger."
}
{
    "_id": "LIN20230299",
    "title": "",
    "text": "depreciation amortization increased $102 million 4% 2022. Currency $29 million 2023. increased acquisitions."
}
{
    "_id": "LIN20230301",
    "title": "",
    "text": "$40 million $1,029 million 2023 2022. 2023 severance Engineering reorganization. 2022 deconsolidation Russian subsidiaries sanctions June 30."
}
{
    "_id": "LIN20230302",
    "title": "",
    "text": "charges excluded periods."
}
{
    "_id": "LIN20230305",
    "title": "",
    "text": "profit $2,655 million 2023 49%. $1,166 million."
}
{
    "_id": "LIN20230307",
    "title": "",
    "text": "increase Russia-Ukraine conflict 2022 pricing savings productivity lower depreciation amortization merger assets. offset inflation currency $40 million."
}
{
    "_id": "LIN20230308",
    "title": "",
    "text": "adjusted operating profit increased $1,166 million 15%. driven pricing productivity initiatives offset cost inflation lower volumes."
}
{
    "_id": "LIN20230310",
    "title": "",
    "text": "interest 2023 $137 million 217% 2022. $118 million 120%. higher rates $28 million devaluation hyperinflationary."
}
{
    "_id": "LIN20230312",
    "title": "",
    "text": "pension OPEB $164 million $237 million 2023 2022. decrease higher interest discount rate Note 16."
}
{
    "_id": "LIN20230314",
    "title": "",
    "text": "tax rate 2023. 7%. 9% 2022. uncertain tax positions unfavorable tax expense Russia deconsolidation 2022 Note 3."
}
{
    "_id": "LIN20230315",
    "title": "",
    "text": "ETR 2023 23. 2%. tax share compensation."
}
{
    "_id": "LIN20230317",
    "title": "",
    "text": "equity 2023 $167 million $172 million 2022. $239 million $247."
}
{
    "_id": "LIN20230318",
    "title": "",
    "text": "-over decrease income equity investments driven APAC."
}
{
    "_id": "LIN20230320",
    "title": "",
    "text": "December 31, 2023 noncontrolling interests APAC."
}
{
    "_id": "LIN20230321",
    "title": "",
    "text": "noncontrolling $8 million $134 $142."
}
{
    "_id": "LIN20230322",
    "title": "",
    "text": "interests $2 million 2023."
}
{
    "_id": "LIN20230324",
    "title": "",
    "text": "income Linde plc increased $2,052 million 49%. increased $794 million 13% 2023 2022. higher profit."
}
{
    "_id": "LIN20230326",
    "title": "",
    "text": "diluted earnings share increased $4. 36 2023. $14. 16%. higher income Linde lower diluted shares."
}
{
    "_id": "LIN20230329",
    "title": "",
    "text": "December 2023 66,323 2% 1,313 2022 nexAir."
}
{
    "_id": "LIN20230332",
    "title": "",
    "text": "EBITDA $12,007 million $9,745 million. Adjusted $12,133 million $10,873 million. Linde."
}
{
    "_id": "LIN20230333",
    "title": "",
    "text": "-GAAP Financial Measures definitions reconciliations."
}
{
    "_id": "LIN20230335",
    "title": "",
    "text": "2023 $35 million retirement plans $380 million derivative losses $55 million offset currency translation adjustments $400 million. adjustments translating statements. dollars driven. dollar Euro British pound Chinese. MD&A exchange rates translation Note 7 financial statements currency translation adjustment income."
}
{
    "_id": "LIN20230337",
    "title": "",
    "text": "company’s related parties unconsolidated equity affiliates. material transactions independent parties."
}
{
    "_id": "LIN20230339",
    "title": "",
    "text": "operations production industrial gases reduce emissions. costs environmental protection stringent laws. risks climate change extreme weather."
}
{
    "_id": "LIN20230341",
    "title": "",
    "text": "Linde operates in jurisdictions laws greenhouse gas emissions faces uncertain regulatory environment. U. S. Environmental Protection Agency rules reporting GHG emissions. GHG emissions light-duty vehicles large manufacturing facilities. countries implemented carbon taxation company customers China Singapore European Union. raise cost energy significant for Linde.-term customer contracts provide recover increased electricity natural gas costs climate change regulation."
}
{
    "_id": "LIN20230342",
    "title": "",
    "text": "Linde anticipates growth hydrogen sales decarbonization projects. hydrogen carbon emissions subject cap-trade regulations California European Union. costs product supply contracts. legislation GHG emissions growth capital compliance costs demand."
}
{
    "_id": "LIN20230344",
    "title": "",
    "text": "risks GHG emission regulation climate change Linde monitors evaluates risks takes actions. resources training contingency plans advice vendors insurance providers experts provisions agreements reviews. Linde risk commercial contracts. plant design operations risk management teams"
}
{
    "_id": "LIN20230346",
    "title": "",
    "text": "manage losses climate change anticipate effects risks climate change."
}
{
    "_id": "LIN20230347",
    "title": "",
    "text": "Linde energy use GHG emissions research efficiency low-carbon energy hydrogen. tracks GHG emission reports Board Directors. Sustainability Committee programs policies strategies climate change greenhouse gas reduction decarbonization."
}
{
    "_id": "LIN20230348",
    "title": "",
    "text": "external factors Linde future business opportunities. legislation Inflation Reduction Act. investments clean hydrogen decarbonization. regulation GHG uncertain costs resources renewable energy technologies air climate change. Linde applications emissions energy consumption product throughput. water quality China market. wastewater treatment. drought California Australia markets carbon desalination. Renewable fuel standards European U. market second-generation biofuels."
}
{
    "_id": "LIN20230350",
    "title": "",
    "text": "costs 2023 not significant. Linde anticipates future expenditures similar 2023 changes laws regulations. environmental expenditures financial position results cash flows."
}
{
    "_id": "LIN20230352",
    "title": "",
    "text": "Note 17 legal proceedings."
}
{
    "_id": "LIN20230355",
    "title": "",
    "text": ". plans $80 million $110 $35 million 2023 2022 2021."
}
{
    "_id": "LIN20230356",
    "title": "",
    "text": "obligation. deficit $137 million $238 million December 2023 2022. non. deficit $207 million surplus $208 million December 2023 2022. return assets. Non. increase assets offset higher PBO discount rates."
}
{
    "_id": "LIN20230357",
    "title": "",
    "text": "Global pension contributions $46 million 2023 $51 million 2022 $42 million 2021. Linde contributes pension plans. Discretionary contributions long projections economic environment overfunding costs cash. contributions 2024 $35 million to $45 million."
}
{
    "_id": "LIN20230358",
    "title": "",
    "text": "Linde assumes returns 2024 7. 83% non. plans long-term returns."
}
{
    "_id": "LIN20230360",
    "title": "",
    "text": "2024 pension expense $115 million. benefit return assets Linde plans expense accruals amortization deferred losses."
}
{
    "_id": "LIN20230362",
    "title": "",
    "text": "Critical Accounting Estimates Note 16 financial statements retirement benefits plans assumptions benefit funded status."
}
{
    "_id": "LIN20230364",
    "title": "",
    "text": "Linde purchases insurance risks business interruption-party liability compensation. retains $10 million vehicle liability $5 million workers' compensation liability. retains €5 €7. 5 million damage fire flood €5 €7. 5 million deductible business interruption. purchases catastrophic. captive non risk transfer alternatives."
}
{
    "_id": "LIN20230365",
    "title": "",
    "text": "December 31, 2023 2022 company recorded $75 million $71 million liability claims. liability statistical analysis historical experience actuarial assumptions professional judgment. estimates loss severity variability. claims differ estimates financial results."
}
{
    "_id": "LIN20230367",
    "title": "",
    "text": "Linde recognizes insurance proceeds incurred losses. recoveries business interruption property damages value recognized payments."
}
{
    "_id": "LIN20230370",
    "title": "",
    "text": "Linde’s operations industrial gases engineering. industrial gases geographic three segments Americas EMEA APAC fourth segment Engineering business designs manufactures equipment air separation industrial gas applications worldwide segments. corporate costs smaller businesses thresholds."
}
{
    "_id": "LIN20230371",
    "title": "",
    "text": "industrial gases line manufacturing distribution atmospheric process helium hydrogen electronic specialty acetylene. co-products manufacturing process. Linde manufactures distributes manages relationships. distributed end-markets on-site merchant bulk packaged. methods integrated few products economically transported outside region. distribution economics specific geographies consistent management performance."
}
{
    "_id": "LIN20230372",
    "title": "",
    "text": "profit/loss operating profit. excluding Linde AG merger royalties business trends. Chief Operating Decision Maker performance allocates resources."
}
{
    "_id": "LIN20230393",
    "title": "",
    "text": "table presents sales operating profit 2023 2022. Americas,304,874 EMEA,443 APAC Engineering,160,762 Other Total sales,854,364 Operating Americas,244,732 EMEA,486 APAC Engineering Other Segment operating profit,070####7,904 Reconciliation operating profit charges Purchase accounting Linde AG(1,506) Total operating profit,369"
}
{
    "_id": "LIN20230409",
    "title": "",
    "text": "amounts millions Year Ended December. Sales,304,874 Operating profit,244,732 percent sales. 2022 Factors Sales Volume Price Cost pass-through Currency Acquisitions/Divestitures"
}
{
    "_id": "LIN20230410",
    "title": "",
    "text": "Americas 20 countries Canada Mexico Brazil."
}
{
    "_id": "LIN20230412",
    "title": "",
    "text": "Americas increased $430 million 3% 2023 2022. Higher pricing 6%. 3% nexAir.-through 6% minimal profit. Volumes currency flat."
}
{
    "_id": "LIN20230414",
    "title": "",
    "text": "Americas $512 million 2023 pricing acquisitions productivity initiatives inflation."
}
{
    "_id": "LIN20230430",
    "title": "",
    "text": "amounts millions Year Ended December. Sales,443 Operating profit,486 percent sales. 2022 Change Factors Sales Volume Price/Mix Cost pass-through Currency Acquisitions/Divestitures"
}
{
    "_id": "LIN20230432",
    "title": "",
    "text": "EMEA Linde 45 European Middle Eastern African countries. Africa."
}
{
    "_id": "LIN20230434",
    "title": "",
    "text": "EMEA sales $99 million 2023 2022. price. decreased 4% chemicals energy. pass-through decreased 3%. Currency translation 1% Euro pound. divestitures 2% deconsolidation Russian subsidiaries."
}
{
    "_id": "LIN20230436",
    "title": "",
    "text": "EMEA $473 million 23% 2023. pricing productivity inflation volumes divestitures."
}
{
    "_id": "LIN20230451",
    "title": "",
    "text": "amounts millions Year Ended December 31,. Sales Operating profit percent sales. 2022 Change Factors Sales Volume Price/Mix Cost pass-through Currency Acquisitions/Divestitures"
}
{
    "_id": "LIN20230452",
    "title": "",
    "text": "APAC Linde 20 South Pacific South Korea."
}
{
    "_id": "LIN20230454",
    "title": "",
    "text": "APAC increased $79 million 2023. Volume 2% start-ups electronics chemicals. price 4%. pass-through decreased 1%. 4% Indian rupee Chinese Yuan."
}
{
    "_id": "LIN20230457",
    "title": "",
    "text": "APAC increased $136 million 2023 2022. pricing productivity initiatives inflation."
}
{
    "_id": "LIN20230470",
    "title": "",
    "text": "amounts millions Year Ended December 31,. 2022 Sales,160,762 Operating profit percent sales. 2022 Change Factors Sales Currency Other"
}
{
    "_id": "LIN20230472",
    "title": "",
    "text": "$602 million 22% 2023. timing."
}
{
    "_id": "LIN20230473",
    "title": "",
    "text": "Projects Russia terminated $238 $894 million Engineering sales 2023 2022."
}
{
    "_id": "LIN20230476",
    "title": "",
    "text": "Engineering profit decreased $64 million 12% 2023 2022. offset margin."
}
{
    "_id": "LIN20230490",
    "title": "",
    "text": "amounts millions Year Ended December 31,. 2022 Sales Operating profit percent sales. 2022 Change Factors Sales Volume/Price Currency Acquisitions/Divestitures"
}
{
    "_id": "LIN20230491",
    "title": "",
    "text": "corporate costs businesses Linde Materials helium wholesale thresholds."
}
{
    "_id": "LIN20230493",
    "title": "",
    "text": "Sales decreased $516 million 2023 2022. Divestitures decreased 31% GIST 2022. increased 2%."
}
{
    "_id": "LIN20230496",
    "title": "",
    "text": "profit $109 million 165% 2023 2022 pricing helium lower costs divestitures."
}
{
    "_id": "LIN20230499",
    "title": "",
    "text": "Linde’s non-U. S. operations translated U. S dollar. foreign operations Linde uses local currency. variability unpredictability currencies. dollar currency movements impact results."
}
{
    "_id": "LIN20230516",
    "title": "",
    "text": "understand reported results summary currencies Linde’s consolidated results exchange rates financial statements local currency per U. S. dollar): ##Percent Sheets ##Consolidated######Average Year Ended December Currency#Sales Euro. 93 Chinese. British pound. 83 Australian dollar. Brazilian real. 28 Korean won Canadian dollar. Mexican peso. 71. 50 Indian rupee. 73 Republic of South African rand. Swedish krona. 43 Thailand bhat."
}
{
    "_id": "LIN20230545",
    "title": "",
    "text": "Ended December 31, Net Cash Operating Activities Income operations interests,341,281 Non-cash charges charges Depreciation amortization,204 Deferred income taxes Non-cash charges Income operations non,139,062 Pension contributions Working capital Other Net cash activities,305,864 Investing Activities Capital expenditures,787,173) Acquisitions Divestitures sales cash(4,670)(3,088) Financing Activities Debt increases Issuances ordinary shares Cash dividends Linde plc shareholders Noncontrolling interest transactions exchange rate changes cash Cash equivalentsperiod$,436"
}
{
    "_id": "LIN20230547",
    "title": "",
    "text": "Note 3 statements."
}
{
    "_id": "LIN20230548",
    "title": "",
    "text": "million.,305 million debt borrowings $1,060 million. $3,787 million purchases $3,925 million dividends $2,482 million."
}
{
    "_id": "LIN20230551",
    "title": "",
    "text": "Cash $9,305 million $441 million 2022. net income non-cash working capital liabilities cash tax. charges $40 million $1,029 million 2023 2022. deconsolidation Russian subsidiaries Ukraine. outflows $158 million $127 million 2023."
}
{
    "_id": "LIN20230553",
    "title": "",
    "text": "2023 Linde $418 million liabilities suspended Russia."
}
{
    "_id": "LIN20230556",
    "title": "",
    "text": "$4,670 million 2023 $3,088 million 2022 expenditures."
}
{
    "_id": "LIN20230557",
    "title": "",
    "text": "expenditures 2023 $3,787 million increase $614 million 2022. new plant equipment. 63% Americas 21% APAC EMEA."
}
{
    "_id": "LIN20230558",
    "title": "",
    "text": "2023 Linde gas backlog $4. 9 billion. plants."
}
{
    "_id": "LIN20230559",
    "title": "",
    "text": "2023 $953 million increase $843 million 2022 nexAir Americas Note 2 statements. 2022 $110 million Americas EMEA."
}
{
    "_id": "LIN20230560",
    "title": "",
    "text": "Divestitures sales 2023 $70 million $195 million 2022. GIST $184 million cash $75 million $109 million Note 2."
}
{
    "_id": "LIN20230562",
    "title": "",
    "text": "financing funding public notes debentures commercial paper bank credit. international operations funded local borrowing intercompany funding cost currency. interest-rate financial derivatives Note 12 financial statements Item. Risk."
}
{
    "_id": "LIN20230563",
    "title": "",
    "text": "$5,400 million $3,089 million 2022. $1,060 million $4,475 inflows debt. repaid $500 million. 70%. €650 million. £300 million. 875%. June issued €500 million. 625% 2025 €750 million. €650 million. 625% 2034."
}
{
    "_id": "LIN20230564",
    "title": "",
    "text": "Linde €700 million. €850 million. €700 million. 40% 2036."
}
{
    "_id": "LIN20230565",
    "title": "",
    "text": "purchases $3,925 million 2023 $5,132 million 2022. October repurchase $15 billion Linde shares. Part II. Registrant's Equity Purchases."
}
{
    "_id": "LIN20230566",
    "title": "",
    "text": "dividends $2,482 million 2023 $2,344 million 2022 $5. 10. 68 shares. Noncontrolling $53 million 2023 $88 million 2022."
}
{
    "_id": "LIN20230567",
    "title": "",
    "text": "debt $14,709 million higher $12,478. $18,907 million securities $466 million borrowings $4,664 million cash. borrowing. 6%."
}
{
    "_id": "LIN20230569",
    "title": "",
    "text": "believes flexibility cash reserves liquidity. December 31, 2023 Linde credit ratings Standard Poor’s Moody’s A-1 P-1 short A2 long. maintains $5 billion $1. 5 billion unsecured credit agreements no covenants. No borrowings. limitations strong ratings Moody’s Standard."
}
{
    "_id": "LIN20230573",
    "title": "",
    "text": "Note 17 December 31, 2023 Linde undrawn letters credit guarantees surety bonds financial condition results liquidity."
}
{
    "_id": "LIN20230575",
    "title": "",
    "text": "policies critical Linde’s financial statements notes accounting principles. GAAP\"). application judgment. Linde’s financial position results cash flows differ. policies determined management reviewed by Linde’s Audit Committee."
}
{
    "_id": "LIN20230578",
    "title": "",
    "text": "company designs manufactures equipment air separation gas production processing plants customers. Revenues sale equipment contracts recognized over time Linde right payment performance asset. contracts recognized revenue recognized cost incurred input method. Costs incurred measure progress performance obligations. expected revenue financial. loss recognized expense. Contract modifications accounted recognized cumulative adjustment. performance progress earnings impacted changes."
}
{
    "_id": "LIN20230579",
    "title": "",
    "text": "cost incurred input method progress completion deliveries services obligations. estimation uncertainty total costs completion material labor overhead state completion contracts. uncertainties technical complexity construction cycle potential cost inflation scope considerations affect. Changes financial statements."
}
{
    "_id": "LIN20230581",
    "title": "",
    "text": "Pension benefits financial obligations settled employees eligibility. uncertainties future payments estimates pension expense liabilities. independent actuaries calculations."
}
{
    "_id": "LIN20230583",
    "title": "",
    "text": "assumptions pension expense liability financial statements. three significant variables return discount rate compensation increase. assumptions inflation employee turnover retirement age mortality. Linde management believes assumptions reasonable experience expectations accepted practices"
}
{
    "_id": "LIN20230585",
    "title": "",
    "text": "locations. results differ assumptions economic factors. sensitivities key assumptions exclude special items."
}
{
    "_id": "LIN20230586",
    "title": "",
    "text": "weighted-average rates return pension plan assets 7.%. 5 64% non. December 31, 2023. return. Non. estimated investment strategy allocation capital market performance plan performance. 50% change Linde’s pension expense $44 million."
}
{
    "_id": "LIN20230587",
    "title": "",
    "text": "company used market-related value annual pension expense. recognizes gains losses five. changes fair value reflected pension expense. impacted deferred gains losses. market-related value $9,180 million $952 million higher fair $8,228 million December 31, 2023. deferred $952 million recognized four impact future pension expense. Future gains losses impact pension expense."
}
{
    "_id": "LIN20230588",
    "title": "",
    "text": "Discount rates plan liabilities pension costs determined annually management. company measures interest pension OPEB expense U. non-U. plans spot rate approach. plans cash flow matching model actuaries. corporate bonds graded AA matches. cash flows spot rates. Discount rates Non-U. plans based on market yields fixed income investments liabilities. Note 16 consolidated financial statements Retirement Benefits 2023. 50% reduction discount rates Linde’s pension expense $4 million. 50% increase $3 million. reduction PBO $521 million. 50% increase $477 million."
}
{
    "_id": "LIN20230589",
    "title": "",
    "text": "compensation increase 3. 50%. 2. 58% non. 2023. estimated annual compensation increase determined trends market indices. 50% change Linde’s pension expense $5 million PBO $50 million."
}
{
    "_id": "LIN20230592",
    "title": "",
    "text": "December 31, 2023 company $26,751 million $1,745 million assets. excess. intangibles Linde name."
}
{
    "_id": "LIN20230593",
    "title": "",
    "text": "performs goodwill impairment test October loss. fourth quarter 2023 no impairment. December 31, 2023 enterprise value $213 billion control premium capital $56 billion."
}
{
    "_id": "LIN20230595",
    "title": "",
    "text": "impairment test allows entity factors fair value reporting unit less. company value reporting units carrying value including goodwill. Reporting units determined one level below operating segment level."
}
{
    "_id": "LIN20230597",
    "title": "",
    "text": "Management believes quantitative factors annual goodwill impairment assessment appropriate reasonable. 2023 assessment fair value unit carrying value changes fair value determination impairment charge."
}
{
    "_id": "LIN20230598",
    "title": "",
    "text": "indefinite-lived assets evaluated impairment annual impairment loss no impairments."
}
{
    "_id": "LIN20230599",
    "title": "",
    "text": "Notes 10 statements."
}
{
    "_id": "LIN20230601",
    "title": "",
    "text": "Long-lived assets property plant equipment finite-lived tested for impairment recoverable. asset groups determined lowest level independent cash flows. Linde's asset group single plant assets-site gas customers. distribution assets pipeline complex plants. Russia-Ukraine conflict Linde deconsolidated Russian gas engineering entities June 30, 2022. Note 3 consolidated financial statements."
}
{
    "_id": "LIN20230603",
    "title": "",
    "text": "Linde deferred tax assets $1,292 million $176 liabilities $6,815 million. uncertain tax positions $304 million. Income tax expense $1,814 million. 7% pre-tax income."
}
{
    "_id": "LIN20230604",
    "title": "",
    "text": "Linde estimates income taxes structures jurisdictions. Deferred income tax assets liabilities represent tax benefits differences treatment. Linde evaluates deferred tax assets future taxable income. valuation allowance established deferred tax value. judgments required deferred tax valuation allowances assessing exposures. change reserves valuation allowances adjusted to income. tax returns subject audit taxing challenge tax positions. tax positions jurisdiction provisions uncertain income tax positions interest penalties. Linde records discloses potential tax liabilities estimated liabilities recoverable assets. new information adjustments charged credited against income. adjustments financial position liquidity results."
}
{
    "_id": "LIN20230606",
    "title": "",
    "text": "company accrues liabilities non-income tax contingencies loss probable estimated contingent gains recognized when realized. new information losses adjustments charged against income. losses financial position liquidity possible final outcomes results."
}
{
    "_id": "LIN20230608",
    "title": "",
    "text": "Linde subject claims legal proceedings investigations. environmental tax antitrust personal injury claims Note 17 financial statements. contingencies significant accounting management judgments"
}
{
    "_id": "LIN20230610",
    "title": "",
    "text": "liabilities disclosures. Linde contingencies estimated liabilities."
}
{
    "_id": "LIN20230612",
    "title": "",
    "text": "Note 1 consolidated statements accounting standards impact statements."
}
{
    "_id": "LIN20230615",
    "title": "",
    "text": "Linde expect assets liabilities consolidated financial statements. Note 13."
}
{
    "_id": "LIN20230618",
    "title": "",
    "text": "non-GAAP measures supplement understanding financial information financial leverage operating performance. Special items indicative business performance excluded from calculations evaluate future business trends. not comparable not substitute for GAAP measures."
}
{
    "_id": "LIN20230619",
    "title": "",
    "text": "non-GAAP MD&A."
}
{
    "_id": "LIN20230650",
    "title": "",
    "text": "amounts millions share data Ended December 31, Adjusted Operating Profit profit,369 Other charges Purchase accounting impacts Linde AG adjustments profit,070 percentage change sales,854,364 operating margin. Adjusted.Adjusted Depreciation Reported,816,204 Purchase accounting impacts Linde AG,481 Adjusted depreciation amortization,723 Adjusted Other Income Purchase accounting Linde AG Adjusted Other Income net Adjusted Net Pension OPEB Cost Service OPEB Pension settlement charges Adjusted Pension OPEB costs Adjusted Interest Expense Purchase accounting impacts Linde AG Adjusted interest expense"
}
{
    "_id": "LIN20230690",
    "title": "",
    "text": "Income Taxes taxes Purchase accounting impacts Linde AG Pension settlement charges Other charges adjustments taxes,130 Tax Rate investments Pension settlement charge Purchase accounting impacts Linde AG Other charges adjustments Adjusted income equity investments,034 tax rate. Adjusted taxes,130 tax rate.2% Income Equity Purchase accounting impacts Linde AG adjustments Noncontrolling(142 Purchase accounting Linde AG Net Income Linde plc income,199,147 Pension settlement charge Other charges Purchase accounting impacts Linde AG,150 adjustments net income Linde plc,195 Adjusted Diluted EPS EPS. Pension settlement charge. Other charges."
}
{
    "_id": "LIN20230712",
    "title": "",
    "text": "Purchase accounting Linde AG. adjustments. EPS. percentage change EBITDA Net Income Linde,199,147 Noncontrolling interests pension OPEB cost Interest expense Income taxes Depreciation amortization,204 EBITDA,745 Other charges Purchase accounting impacts Linde AG adjustments,128 Adjusted EBITDA,133,873 sales,854,364. Adjusted EBITDA."
}
{
    "_id": "LIN20230713",
    "title": "",
    "text": "income tax expense non-GAAP adjustments determined tax rates jurisdictions current deferred amounts."
}
{
    "_id": "LIN20230714",
    "title": "",
    "text": "income taxes Income Taxes Tax."
}
{
    "_id": "LIN20230716",
    "title": "",
    "text": "company believes non-GAAP measures excluding Purchase accounting impacts Linde useful investors business no cash managed impacted purchase accounting impacts vary business management compensation results excluding accounting impacts important investors understand purchase accounting impacts financial statements. adjustments Purchase accounting impacts Adjusted Operating Profit Margin adjustments relate depreciation amortization fixed intangible assets merger Linde AG disposals. Adjusted Interest Expense amortization fair value debt merger. Adjusted Income Taxes Tax Rate current deferred income tax impact adjustments. income tax expense non-GAAP pre-tax adjustments determined tax rates. Adjusted Income from Equity Investments amortization increased fair value equity investments depreciable assets.Adjusted Noncontrolling Interests Operations Represents ownership adjustments."
}
{
    "_id": "LIN20230727",
    "title": "",
    "text": "Net debt liquidity measure. Purchase accounting impacts excluded non-cash liquidity. 31, 2023 2022 Debt,373 cash Net debt,709,478 accounting impacts Linde AG Adjusted debt,702,456"
}
{
    "_id": "LIN20230730",
    "title": "",
    "text": "May 2023 filed S-3 Statement."
}
{
    "_id": "LIN20230731",
    "title": "",
    "text": "Linde plc debt securities preferred depositary ordinary shares. guaranteed Linde Inc Linde GmbH. guarantees securities Linde Inc. Linde Finance."
}
{
    "_id": "LIN20230732",
    "title": "",
    "text": "Linde Inc. wholly subsidiary Linde plc. offer debt securities Statement. guaranteed by Linde plc guaranteed Linde GmbH. provide guarantees securities upstream guarantees Linde."
}
{
    "_id": "LIN20230733",
    "title": "",
    "text": "Linde Finance. subsidiary Linde plc. debt securities. Linde GmbH Linde Inc. guarantee obligations."
}
{
    "_id": "LIN20230734",
    "title": "",
    "text": "Linde GmbH owned subsidiary Linde plc. provide guarantees debt securities upstream Linde Inc. Linde Finance."
}
{
    "_id": "LIN20230735",
    "title": "",
    "text": "September 2019 Linde plc Linde Inc. Finance notes Linde GmbH Inc."
}
{
    "_id": "LIN20230736",
    "title": "",
    "text": "Linde filed prospectus Luxembourg Stock Exchange €10. billion debt program securities. Inc. GmbH guarantees securities."
}
{
    "_id": "LIN20230737",
    "title": "",
    "text": "information guarantees debt securities Registration Statement ranking limitations enforceability circumstances see Debt Securities Guarantees” Registration Statement incorporated reference."
}
{
    "_id": "LIN20230739",
    "title": "",
    "text": "tables Linde plc Inc. GmbH Finance transactions balances excluding investments non subsidiaries."
}
{
    "_id": "LIN20230756",
    "title": "",
    "text": "Income Months 2023 2022 Sales,850 profit,337 Net income Transactions non-guarantor subsidiaries,241 Balance Sheet Current assets,478 Long-term,833,949 liabilities,882,767 Long-term liabilities,546,210 non subsidiaries,260-term non subsidiaries liabilities non-guarantor subsidiaries,334 non-guarantor subsidiaries,458,268"
}
{
    "_id": "LIN20230759",
    "title": "",
    "text": "Linde exposed market risks interest. risk management negative impact interest earnings cash flows equity."
}
{
    "_id": "LIN20230760",
    "title": "",
    "text": "Linde uses interest-rate swaps treasury rate locks currency forward contracts commodity contracts. commonly traded non-leveraged. credit loss. Note 1 12 accounting policies."
}
{
    "_id": "LIN20230761",
    "title": "",
    "text": "discussion market value earnings cash flows Linde’s instruments interest exchange rates December 31, 2023. range Linde’s one-year. Market values future cash flows."
}
{
    "_id": "LIN20230763",
    "title": "",
    "text": "December 31, 2023 Linde $19,373 million ($17,914 million 2022. fixed-rate earnings cash flows. floating-rate earnings flows. 2023 Linde $14,345 million floating-rate $5,028 million 74% 26%,. December 2022 fixed-rate $13,000 million floating-rate $4,914 million 73% 27%,."
}
{
    "_id": "LIN20230765",
    "title": "",
    "text": "analysis assumes variables one increase interest rates value fixed-rate debt portfolio $742 million ($666 million 2022. increase $65 million derivative assets."
}
{
    "_id": "LIN20230767",
    "title": "",
    "text": "December 31, 2023-tax earnings interest variable-rate debt $50 million$25 million 2022."
}
{
    "_id": "LIN20230769",
    "title": "",
    "text": "exchange-rate exposures investments Latin America Brazil Europe Scandinavia. Canada Asia China. currency contracts. December 31, 2023 $5,651 million ($3,870 million 2022 foreign exchange contracts. intercompany loans non currencies. Note 12 financial statements."
}
{
    "_id": "LIN20230770",
    "title": "",
    "text": "variables 10% increase foreign-currency rates value contracts December 2023 $58 million December 2022 $83 million offset loss-currency fluctuation exposure hedged."
}
{
    "_id": "LIN20230772",
    "title": "",
    "text": "variables constant 10% increase foreign-currency exchange rates debt debt 2023 $970 million December 2022 $803 million offset loss exposure hedged."
}
{
    "_id": "LIN20230785",
    "title": "",
    "text": "Statement Financial Statements Report Control Financial Reporting Report Independent Public Accounting Firm ID 238 Audited Consolidated Financial Statements Income Years December 2023 2022 2021 Comprehensive Income Balance Sheets December 2023 2022 Cash Flows Equity"
}
{
    "_id": "LIN20230810",
    "title": "",
    "text": "Linde’s financial statements prepared management for fairness integrity objectivity. statements accounting principles include estimates judgments. historical financial information consistent with statements."
}
{
    "_id": "LIN20230811",
    "title": "",
    "text": "Linde maintains accounting systems monitored auditors financial protection assets. cost exceed benefits. effectiveness depends selection managers delegation authority business ethics conflict-of-interest standards policies leadership top management. Section 404 Sarbanes-Oxley Act 2002 Linde assessed financial reporting issued report."
}
{
    "_id": "LIN20230812",
    "title": "",
    "text": "Audit Committee Board Directors non-employee directors accounting system annual financial statements. meets management internal auditors independent accounting firm accounting auditing financial reporting activities control. accounting firm auditors access Committee."
}
{
    "_id": "LIN20230814",
    "title": "",
    "text": "Linde’s management responsible internal control financial reporting Exchange Act Rule 13a-15(f). internal control Internal Control – Integrated Framework (2013) Committee Sponsoring Organizations Treadway Commission. concluded control effective as December 31, 2023."
}
{
    "_id": "LIN20230820",
    "title": "",
    "text": "PricewaterhouseCoopers audited financial reporting December 31, 2023. SANJIV LAMBA KELCEY. HOYT. Accounting MATTHEW. WHITE. Chief Financial Officer"
}
{
    "_id": "LIN20230824",
    "title": "",
    "text": "Statements Control Reporting"
}
{
    "_id": "LIN20230825",
    "title": "",
    "text": "audited balance sheets Linde plc subsidiaries December 31, 2023 2022 statements income equity cash flows three years 2023 notes financial. audited internal control financial reporting December 2023 Internal Control Integrated Framework (2013)."
}
{
    "_id": "LIN20230826",
    "title": "",
    "text": "consolidated financial statements present financial position December 31, 2023 2022 results operations cash flows three accounting principles. Company maintained internal control financial reporting 2023 Internal Control - Integrated Framework (2013) COSO."
}
{
    "_id": "LIN20230828",
    "title": "",
    "text": "Company management responsible consolidated financial statements internal control assessment Report Internal Control Reporting Item 9A. opinions consolidated financial statements internal control audits. public accounting firm Oversight Board independent. federal securities laws rules Securities and Exchange Commission PCAOB."
}
{
    "_id": "LIN20230829",
    "title": "",
    "text": "conducted audits PCAOB. standards require plan assurance consolidated financial statements free misstatement error fraud internal control."
}
{
    "_id": "LIN20230830",
    "title": "",
    "text": "audits of consolidated financial statements included risks misstatement error or fraud. examining evidence amounts disclosures. accounting principles estimates management presentation. audit of internal control over financial reporting included understanding risk material weakness testing design effectiveness control risk. other procedures necessary. audits provide reasonable basis for opinions."
}
{
    "_id": "LIN20230833",
    "title": "",
    "text": "internal control over financial reporting assurance reliability financial reporting preparation financial statements for accounting principles. includes policies procedures maintenance of records transactions dispositions assets assurance transactions recorded necessary preparation financial statements receipts expenditures with authorizations management directors prevention of unauthorized acquisition use disposition assets financial statements."
}
{
    "_id": "LIN20230835",
    "title": "",
    "text": "limitations internal control financial reporting prevent misstatements. projections effectiveness future risk controls compliance policies deteriorate."
}
{
    "_id": "LIN20230837",
    "title": "",
    "text": "critical audit matter from current period audit of consolidated financial statements communicated to audit committee relates to accounts disclosures material challenging complex judgments. communication alter our opinion on consolidated financial statements not separate opinion."
}
{
    "_id": "LIN20230839",
    "title": "",
    "text": "Note 19 consolidated financial statements $2,160 million revenues year December 2023 equipment contracts. single performance obligation. Revenue recognized over time right payment performance asset alternative. contracts revenue cost incurred input method. Costs measure progress performance obligations. material labor overhead control customer."
}
{
    "_id": "LIN20230840",
    "title": "",
    "text": "considerations revenue recognition - estimated costs completion critical significant judgment management costs sale equipment contracts high auditor judgment subjectivity effort audit evidence material labor costs professionals specialized skill knowledge."
}
{
    "_id": "LIN20230841",
    "title": "",
    "text": "Addressing matter involved evaluating audit evidence forming opinion on consolidated financial statements. procedures included testing controls revenue recognition process controls developing estimated costs completion equipment contracts. procedures evaluating process developing estimated costs evaluating assumptions estimated material labor costs. Evaluating estimate costs comparison estimated costs circumstances modification costs. Professionals specialized skill evaluating estimates assumptions labor costs."
}
{
    "_id": "LIN20230846",
    "title": "",
    "text": "served auditor 1992."
}
{
    "_id": "LIN20230883",
    "title": "",
    "text": "Ended December Sales,854,364,793 depreciation amortization,492,450,543 Selling administrative,295,107,189 Depreciation amortization,816,204 Research development charges income Operating Profit,369 Interest expense pension OPEB cost service cost Income Taxes Equity Investments,099 taxes Operations,174,109,837 equity investments Noncontrolling Interests,341,281 discontinued operations net tax Income Interests,341,281 noncontrolling interests Income Linde plc,199,147,826 discontinuedShare Data Linde plc Basic earnings share continuing operations. 39 discontinued operations. continuing operations. 23. 32 discontinued operations. 33 Weighted Average Shares Outstanding Basic shares outstanding,191,736 Diluted shares,290,038"
}
{
    "_id": "LIN20230885",
    "title": "",
    "text": "Notes financial statements."
}
{
    "_id": "LIN20230911",
    "title": "",
    "text": "Ended December INCOME NONCONTROLLING INTERESTS,341,281 COMPREHENSIVE INCOME adjustments Foreign currency,116 Reclassifications net income taxes retirement obligations Retirement program,349 Reclassifications net income retirement obligations Derivative instruments unrealized gain Reclassifications net income taxes COMPREHENSIVE INCOME INCOME NONCONTROLLING INTERESTS,306,603 noncontrolling interests,176"
}
{
    "_id": "LIN20230913",
    "title": "",
    "text": "Notes financial statements."
}
{
    "_id": "LIN20230955",
    "title": "",
    "text": "Cash,436 Accounts receivable Contract assets Inventories assets,620 Property equipment,552 Equity investments Goodwill intangible assets,399 assets,811,658 Liabilities Equity Accounts payable,995 Short-term debt,117 Contract liabilities Accrued taxes,479 Long-term debt,397 Deferred credits Liabilities,716,271 Commitments contingencies Redeemable interests Linde plc Equity shares.1,750,000,000 shares 2023,766,972 2022,012,862 capital,005 earnings Treasury shares (2023 8,321,827 2022 59,555,235 Linde Equity,720 Noncontrolling interests,082 Liabilities,658"
}
{
    "_id": "LIN20230957",
    "title": "",
    "text": "Notes financial statements."
}
{
    "_id": "LIN20231004",
    "title": "",
    "text": "December Cash Net income Linde plc,199,147,826 Less discontinued operations tax noncontrolling interests operations,341,281 Adjustments income cash charges payments Depreciation amortization,816,204 Deferred income taxes Share-based compensation Non-cash charges Working Accounts receivable Contract assets liabilities Inventory Prepaid current assets Payables accruals Pension contributions Long assets liabilities Net cash operating activities,305,864,725 Capital expenditures Acquisitions cash Divestitures sales investingShort-term debt borrowings,329) Long-term debt borrowings,188,210,283 Long repayments(1,682)(1,785) Issuances shares Purchases,168 Cash dividends Linde plc shareholders,482)(2,344),189 Noncontrolling interest transactions Net cash financing,400(3,089)(7,588) exchange rate(931)-period,436,754 end-period,436 Income taxes Interest"
}
{
    "_id": "LIN20231006",
    "title": "",
    "text": "Notes financial statements."
}
{
    "_id": "LIN20231048",
    "title": "",
    "text": "amounts millions share thousands plc Shareholders’ shares Paid Capital Income Stock Equity Interests Equity Activity Balance December 31, 2020,202,178,317,252,569 Net Income Linde shareholders income Noncontrolling interests Dividends capital reductions Additions Dividends.24 ordinary share,189 Issuances shares employee savings incentive(150 Purchases ordinary Share Balance December 31, 2021,180,332,428 Income Linde plc shareholders,281 income (loss Noncontrolling interests Dividends capital reductions Additions 14 Dividends$4.68 ordinary share Issuances shares employee savings incentive Purchases ordinary,127 Share-based Balance December 31, 2022,005,555,346,374 Net Income Linde plc shareholders income (loss Noncontrolling interests Dividends capital reductions Additions Dividends$5.common share Issuances ordinary shares employee savings incentive Purchases ordinary Share Intercompany reorganization 14,300 Balance December 31, 2023,767,845(5,805),322,133,720,362,082"
}
{
    "_id": "LIN20231050",
    "title": "",
    "text": "Notes financial statements."
}
{
    "_id": "LIN20231055",
    "title": "",
    "text": "Linde plc Ireland. Ten Earlsfort Terrace Dublin 2. offices Forge 43 Church Woking Surrey 10 Riverview Drive Danbury Connecticut. Nasdaq."
}
{
    "_id": "LIN20231056",
    "title": "",
    "text": "January 18 2023 shareholders reorganization Frankfurt Stock Exchange March 1 2023 approvals."
}
{
    "_id": "LIN20231057",
    "title": "",
    "text": "intercompany reorganization March 1, 2023 Linde shareholders received new company Linde plc. trades ticker LIN."
}
{
    "_id": "LIN20231058",
    "title": "",
    "text": "Principles Consolidation consolidated financial statements accounting principles. include subsidiaries variable-interest entities beneficiary. Intercompany transactions eliminated related-party transactions disclosed."
}
{
    "_id": "LIN20231059",
    "title": "",
    "text": "Equity investments 20% to 50% owned operations company influence control. Income reported after-tax. Pre-tax income included income taxes. reviewed for impairment impairment loss."
}
{
    "_id": "LIN20231060",
    "title": "",
    "text": "Changes ownership consolidation deconsolidation investment recorded fair value earnings including retained equity transactions."
}
{
    "_id": "LIN20231061",
    "title": "",
    "text": "Estimates financial statements. GAAP requires estimates assumptions assets liabilities contingent liabilities revenues expenses reporting period. results management believes estimates reasonable."
}
{
    "_id": "LIN20231062",
    "title": "",
    "text": "Linde largest. produces sells distributes atmospheric process specialty gases aerospace chemicals energy healthcare manufacturing. gas production processing components."
}
{
    "_id": "LIN20231063",
    "title": "",
    "text": "Revenue Recognition control goods services transferred customers consideration. Note 19 Linde's revenue recognition policies."
}
{
    "_id": "LIN20231064",
    "title": "",
    "text": "Cash Equivalents liquid maturities three months."
}
{
    "_id": "LIN20231065",
    "title": "",
    "text": "Inventories stated lower cost. average-cost method."
}
{
    "_id": "LIN20231067",
    "title": "",
    "text": "Property Plant Equipment carried depreciation. capitalizes labor overhead interest facilities. additions improvements capitalized. Depreciation calculated lives 3 to 40 years. Linde uses accelerated depreciation tax. Maintenance expensed incurred."
}
{
    "_id": "LIN20231069",
    "title": "",
    "text": "company performs test impairment. future cash flows less than carrying impairment charge fair value required. Fair value determined valuation technique discounted cash flows."
}
{
    "_id": "LIN20231070",
    "title": "",
    "text": "Asset-Retirement Obligations recognized information fair value liability increase property plant equipment depreciated life. liability measured fair value accretion expense recorded. obligations on-site supply arrangements facility land leased remove contract term. not consolidated financial statements."
}
{
    "_id": "LIN20231071",
    "title": "",
    "text": "Foreign Currency Translation operations local translation gains losses cumulative translation adjustment Note 7)."
}
{
    "_id": "LIN20231072",
    "title": "",
    "text": "Linde interest commodity energy costs. interest-rate treasury rate lock currency-swap forward contracts options commodity-swap. trading. commonly traded non."
}
{
    "_id": "LIN20231073",
    "title": "",
    "text": "three types derivatives company fair-value cash-flow foreign currency net investment. Fair-value assets liabilities firm commitments cash-flow future cash flows net investment impact foreign currency exchange rate changes value assets."
}
{
    "_id": "LIN20231074",
    "title": "",
    "text": "derivative executed hedge accounting designated fair-value cash-flow net investment. Linde designates interest-rate treasury rate locks hedges currency contracts not hedges related forecasted transactions. derivatives linked to underlying exposure. company assesses hedge effectiveness values cash flows. hedge not effective hedge accounting discontinued."
}
{
    "_id": "LIN20231075",
    "title": "",
    "text": "Changes fair value hedges recognized in earnings. changes cash-flow hedges deferred in income reclassified to earnings transaction. hedge effective ineffectiveness deferred in reclassified to. Hedges foreign subsidiaries recognized in cumulative translation adjustment income offset gains losses. Derivatives entered for risk-management not hedges recorded at fair market values recognized in current earnings."
}
{
    "_id": "LIN20231076",
    "title": "",
    "text": "Note 12 instruments."
}
{
    "_id": "LIN20231077",
    "title": "",
    "text": "Acquisitions allocation purchase price assets liabilities estimated values. excess over recorded goodwill. Allocations preliminary estimates assumptions acquisition subject revision final information appraisals analyses."
}
{
    "_id": "LIN20231079",
    "title": "",
    "text": "company performs goodwill impairment test annually October 1 or impairment loss incurred. impairment test allows factors fair value reporting unit less than carrying value. If"
}
{
    "_id": "LIN20231081",
    "title": "",
    "text": "company estimate reporting units carrying goodwill. units operating segment. analysis goodwill 2023 fair value carrying further analysis performed."
}
{
    "_id": "LIN20231082",
    "title": "",
    "text": "Note 9."
}
{
    "_id": "LIN20231083",
    "title": "",
    "text": "Intangible Assets customer relationships amortized over estimated period benefit. use characteristics asset. Linde evaluates recoverability assets value. impairment exceeds estimated fair value. Fair value estimated appraised value valuation techniques. Indefinite intangible assets Linde brand evaluated impairment annual impairment loss."
}
{
    "_id": "LIN20231084",
    "title": "",
    "text": "Note 10 assets."
}
{
    "_id": "LIN20231085",
    "title": "",
    "text": "Income Taxes Deferred taxes temporary differences financial statement tax bases tax rates. Valuation allowances deferred tax assets."
}
{
    "_id": "LIN20231086",
    "title": "",
    "text": "uncertainty income taxes company benefit 50% sustained merits. Otherwise no benefit. benefits measured largest benefit 50% likelihood settlement. company accrues interest penalties tax exposures reserves established. Interest penalties income tax expense financial statements."
}
{
    "_id": "LIN20231087",
    "title": "",
    "text": "Note 5 income."
}
{
    "_id": "LIN20231088",
    "title": "",
    "text": "Retirement Benefits Linde employees defined benefit retirement post-employment health care life insurance plans. cost recognized year earned service accounting standards. funded status asset liability balance sheets. Funding varies local laws practices."
}
{
    "_id": "LIN20231089",
    "title": "",
    "text": "Note 16 retirement."
}
{
    "_id": "LIN20231090",
    "title": "",
    "text": "Share-based company granted awards stock options restricted performance-based stock. compensation expense recognized vesting period. stock awards full-retirement grant retirement. performance-based awards performance condition."
}
{
    "_id": "LIN20231091",
    "title": "",
    "text": "Note 15 compensation."
}
{
    "_id": "LIN20231092",
    "title": "",
    "text": "Reclassifications amounts reclassified current."
}
{
    "_id": "LIN20231095",
    "title": "",
    "text": "accounting pronouncements 2023 statements."
}
{
    "_id": "LIN20231098",
    "title": "",
    "text": "Reportable Segments Disclosures November 2023 FASB enhanced disclosure. standard years 2023 2024 early adoption."
}
{
    "_id": "LIN20231100",
    "title": "",
    "text": "adoption standard disclosures consolidated financial statements evaluating impact."
}
{
    "_id": "LIN20231102",
    "title": "",
    "text": "Income Tax Disclosures December 2023 FASB enhanced disclosure. requires disclosures rate reconciliation disaggregation. effective years December 15 2024 early adoption. adoption consolidated financial statements evaluating impact."
}
{
    "_id": "LIN20231106",
    "title": "",
    "text": "$953 $110 $88 million 2021. 2023 Americas. 2022 2021 Americas EMEA."
}
{
    "_id": "LIN20231108",
    "title": "",
    "text": "January 5, 2023 Linde nexAir gas distribution welding. held 23% interest nexAir. purchased 77% cash transaction purchase price $866 million $811 million net cash. fair value equity interest $183 million gain remeasurement equity interest gain recorded income (expenses) – consolidated statements income."
}
{
    "_id": "LIN20231110",
    "title": "",
    "text": "acquisition nexAir LLC business combination. 100% results consolidated Americas. Linde's twelve months 2023 sales $408 million nexAir. results 2022 not."
}
{
    "_id": "LIN20231123",
    "title": "",
    "text": "company estimated assets additional information. adjustments $27 million working capital deferred taxes. table summarizes value assets liabilities assumed acquisition nexAir. 5, 2023 Cash equivalents current assets Property plant equipment intangible assets long liabilities Deferred taxes assets Goodwill equity interest purchase price"
}
{
    "_id": "LIN20231124",
    "title": "",
    "text": "nexAir assets liabilities measured January 5 2023. Estimates cash flows costs attrition discount rates trends market. Inputs historical data market conditions growth rates."
}
{
    "_id": "LIN20231126",
    "title": "",
    "text": "fair value equity purchase price multiplied ownership adjusted discount marketability. fair value property plant equipment based assumptions advantageous market. cost approach adjusted age condition property plant equipment fair value."
}
{
    "_id": "LIN20231128",
    "title": "",
    "text": "intangible assets customer relationships $245 million amortized 20 years. valued multi-period excess earnings method future cash flows nexAir base. no indefinite-lived assets."
}
{
    "_id": "LIN20231129",
    "title": "",
    "text": "excess consideration acquisition over assets recorded as goodwill. $485 million goodwill majority deductible tax. goodwill balance attributable assembled workforce operating synergies. goodwill allocated Americas reportable segment."
}
{
    "_id": "LIN20231133",
    "title": "",
    "text": "third quarter 2022 GIST. Proceeds $184 million $75 million $109 million. loss $21 million $3 million after consolidated statement."
}
{
    "_id": "LIN20231137",
    "title": "",
    "text": "charges $40 million 2023. severance Engineering intercompany reorganization. income tax benefit $81 million $124 million income tax audit offset accrual $85 million international income tax first quarter."
}
{
    "_id": "LIN20231139",
    "title": "",
    "text": "$1 billion$896 million tax 2022 Russia-Ukraine conflict."
}
{
    "_id": "LIN20231141",
    "title": "",
    "text": "Russian invasion Ukraine Europe. imposed economic sanctions Russia. Linde Russian subsidiaries June 30, 2022. Linde deconsolidated Russian gas engineering entities. loss $787 million ($730 million after tax."
}
{
    "_id": "LIN20231142",
    "title": "",
    "text": "value Russian subsidiaries determined probability discounted cash flow model $407 million loss deconsolidation value. recorded."
}
{
    "_id": "LIN20231143",
    "title": "",
    "text": "deconsolidation investment recorded value net assets. consideration. Linde interest Russian subsidiaries sanctions restrictions. investment monitored."
}
{
    "_id": "LIN20231144",
    "title": "",
    "text": "deconsolidated reassessed write-off $380 million."
}
{
    "_id": "LIN20231146",
    "title": "",
    "text": "charges Russia-Ukraine conflict $103 million$73 million tax 2022 impairments entities Russian business."
}
{
    "_id": "LIN20231148",
    "title": "",
    "text": "Merger costs $139 million$93 million tax December 2022 severance Engineering equity EMEA sale GIST September 30 2022."
}
{
    "_id": "LIN20231159",
    "title": "",
    "text": "table pre-tax charges segment year December 31, 2022 Table Contents Ended December 31, 2022 deconsolidation charges Russia charges Russia-related costs Americas EMEA APAC Engineering Total"
}
{
    "_id": "LIN20231161",
    "title": "",
    "text": "charges $273 million$279 million."
}
{
    "_id": "LIN20231162",
    "title": "",
    "text": "cost reduction $338 million$253 million 2021. severance $259 million $79 million. actions consolidations rationalization process harmonization non-recurring costs."
}
{
    "_id": "LIN20231163",
    "title": "",
    "text": "Merger $65 million $26 million 2021. $52 million gain venture deconsolidation APAC."
}
{
    "_id": "LIN20231172",
    "title": "",
    "text": "table pre-tax charges segment year ended December 31, 2021 2021 (millions costs cost reduction charges program charges Americas EMEA APAC Engineering Other Total#259#79#338#273"
}
{
    "_id": "LIN20231174",
    "title": "",
    "text": "cash requirements December 2023 immaterial. cash paid 2024. twelve months December 2023 2022 reflect cash payments merger-related tax December 31, 2022 2021."
}
{
    "_id": "LIN20231189",
    "title": "",
    "text": "table summarizes activities company cost reduction programs charges 2022 2023 Table Contents (millions Russia charges costs reduction charges Balance December 31, 2021 2022 Russia-Ukraine conflict charges Cash payments Non-cash charges Foreign currency translation Balance December 31, 2022 2023 Charges Cash payments Non-cash charges Foreign currency translation Balance December 31, 2023#198"
}
{
    "_id": "LIN20231192",
    "title": "",
    "text": "pre-tax charges operating profit separate consolidated statements income. balance sheets reductions recorded against value unpaid amounts liabilities Note 7). statements cash pre-tax impact income cash. Note 18 Linde excluded charges segment operating profit reconciliation profit table."
}
{
    "_id": "LIN20231195",
    "title": "",
    "text": "Linde enters leases manufacturing equipment office space. determines. lease rental expenses twelve months December 2023 2022 $284 million. lease costs selling administrative expenses cost sales depreciation amortization. related assets obligations included long-term liabilities. lease rental expenses $58 million $57 million included depreciation amortization interest. Related assets obligations. includes renewal options. lease expenses include short variable lease costs."
}
{
    "_id": "LIN20231196",
    "title": "",
    "text": "leases rate Linde incremental borrowing rate liabilities right-use assets. market."
}
{
    "_id": "LIN20231197",
    "title": "",
    "text": "company elected short-term lease exception asset classes. Short-term leases twelve months less purchase option. Leases not recognized balance expensed straight-line lease term."
}
{
    "_id": "LIN20231198",
    "title": "",
    "text": "leasing require variable payments usage output. company variable payments."
}
{
    "_id": "LIN20231199",
    "title": "",
    "text": "losses sale leaseback immaterial. flows months 2022 $249 $254 million. finance leases immaterial."
}
{
    "_id": "LIN20231211",
    "title": "",
    "text": "balance sheet leases 31, 2023 2022 Leases liabilities long-term liabilities lease liabilities Finance Leases liabilities long liabilities finance lease liabilities#193"
}
{
    "_id": "LIN20231216",
    "title": "",
    "text": "lease 31, 2023 2022 lease term discount rate. 26"
}
{
    "_id": "LIN20231228",
    "title": "",
    "text": "lease payments December 31, 2023 2024#209 2025 2026 2027 2028 lease payments interest lease liability#749#193"
}
{
    "_id": "LIN20231234",
    "title": "",
    "text": "Pre-tax income. non-U. operations dollars Ended December 31, United States Non-U.,129 income before taxes,099"
}
{
    "_id": "LIN20231248",
    "title": "",
    "text": "analysis income taxes Ended December Current tax expense. federal#291 State local Non.,142 Deferred tax expense. federal State local Non. Total income taxes#1,814#1,434#1,262"
}
{
    "_id": "LIN20231260",
    "title": "",
    "text": "tax rate reconciliation company utilizes U. S. income tax rate 21%. analysis difference provision income taxes. income tax rate pre income Table Contents amounts Year Ended December U. S. statutory income tax#1,677.,164. State local taxes federal benefit. Tax Non-U. S. activities. Share-Based compensation. Russia/Ukraine Charges. Provision income taxes#1,814."
}
{
    "_id": "LIN20231262",
    "title": "",
    "text": "related differences. statutory. tax impact non. activities items tax rate changes. Excluding 2021 $83 million deferred income tax rate increase. items not."
}
{
    "_id": "LIN20231263",
    "title": "",
    "text": "$54 million 2023 $71 million $47 2021."
}
{
    "_id": "LIN20231286",
    "title": "",
    "text": "deferred tax liabilities balance December Fixed assets,686,775 Goodwill intangible assets,939 investments#6,903 Deferred tax assets Carryforwards#285#289 Benefit plans Inventory Accruals#1,468#1,523 Valuation allowances#1,292#1,247 deferred tax liabilities#5,523#5,656 long-term assets Deferred credits"
}
{
    "_id": "LIN20231289",
    "title": "",
    "text": "$221 million $206 million."
}
{
    "_id": "LIN20231291",
    "title": "",
    "text": "deferred tax $60 million $54 million 2023 2022 Notes 7."
}
{
    "_id": "LIN20231292",
    "title": "",
    "text": "non-US tax $187 million $315."
}
{
    "_id": "LIN20231293",
    "title": "",
    "text": "$228 $212 liabilities."
}
{
    "_id": "LIN20231300",
    "title": "",
    "text": "changes valuation deferred tax assets January 1 Income tax benefit(44) write-offs Translation adjustments Balance December 31,#(176)"
}
{
    "_id": "LIN20231301",
    "title": "",
    "text": "company evaluates deferred tax assets quarterly future taxable income. evidence valuation allowance established assets realizable value management determines likely. deferred asset realized. judgment required tax valuation allowances."
}
{
    "_id": "LIN20231302",
    "title": "",
    "text": "December 2023 company $285 million deferred tax tax credits $176 million valuation allowances. $235 million NOLs $82 million 5 $24 million 5 years $129 million. $50 million $3 million 5 $40 5 $7 million. valuation allowances $176 million NOLs. unlikely. income tax benefit."
}
{
    "_id": "LIN20231303",
    "title": "",
    "text": "company $586 million non. income taxes. subsidiaries equity investments. provision additional. income taxes December 31, 2023 $4 billion unremitted. earnings. determination deferred taxes practicable."
}
{
    "_id": "LIN20231305",
    "title": "",
    "text": "Unrecognized tax benefits recognized statements. company benefits $304 million $325 million $387 million December 31, 2023 2022 2021. recognized majority benefits penalties."
}
{
    "_id": "LIN20231314",
    "title": "",
    "text": "reconciliation unrecognized tax benefits Unrecognized benefits January 1#325#387#452 Additions prior years Reductions Additions current positions Reductions settlements taxing authorities Unrecognized benefits December 31#304#325#387"
}
{
    "_id": "LIN20231317",
    "title": "",
    "text": "2022 settlement tax audits."
}
{
    "_id": "LIN20231319",
    "title": "",
    "text": "uncertain tax positions settled authorities company tax returns uncertainty."
}
{
    "_id": "LIN20231320",
    "title": "",
    "text": "statute lapses foreign currency."
}
{
    "_id": "LIN20231322",
    "title": "",
    "text": "interest. interest $17 million $3 million expense $15 million 2023 2022 2021. $14 million $35 million accrued interest penalties December 2023 2022 recorded-term liabilities."
}
{
    "_id": "LIN20231340",
    "title": "",
    "text": "December 31, 2023 company subject examination tax jurisdictions South America United States 2023 Canada Mexico Brazil Europe Africa France Germany Spain United Kingdom Asia Australia China India South Korea 2023"
}
{
    "_id": "LIN20231342",
    "title": "",
    "text": "company under audit jurisdictions. possible matters unrecognized income tax benefits next twelve months. new information adjustment income tax expense. Final determinations not material financial statements. subject to income taxes jurisdictions."
}
{
    "_id": "LIN20231363",
    "title": "",
    "text": "Basic Diluted earnings per share Linde plc shareholders dividing continuing discontinued operations net tax average basic diluted shares Income continuing operations,199,147,821 discontinued operations net tax Net Income,199,147,826 shares average shares outstanding,656,254 compensation plans basic earnings per share,191,736 dilutive Stock options awards,099,302 diluted earnings per share,290,038 Basic earnings continuing operations. discontinued operations. Diluted earnings continuing operations. discontinued operations. Earnings.23."
}
{
    "_id": "LIN20231364",
    "title": "",
    "text": "no antidilutive shares 2022."
}
{
    "_id": "LIN20231377",
    "title": "",
    "text": "dollars Ended December Selling General,330,342 General administrative,295,107,189 Ended December Depreciation Amortization Depreciation,266,633 Amortization intangibles Depreciation Amortization,816,204"
}
{
    "_id": "LIN20231393",
    "title": "",
    "text": "Ended December Income Currency gains(29) Partnership income Severance expense Asset divestiture gains net gains Ended December 31, Interest Expense Interest debt#277#227 Interest income Amortization acquired debt Interest capitalized(62(57)#63#77"
}
{
    "_id": "LIN20231399",
    "title": "",
    "text": "December 31, Accounts Receivable Trade receivables,175 credit losses#4,559"
}
{
    "_id": "LIN20231401",
    "title": "",
    "text": "Linde applies credit losses recognition receivables. default rates. adjusted. evaluated management collectability receivables. receivables less one year $4,667 million $4,498 million December 2023 2022 greater one year $354 million $321 million 2023 2022. other receivables $154 million $145 million December 2023 2022. Receivables greater one year reserved exceptions."
}
{
    "_id": "LIN20231409",
    "title": "",
    "text": "credit losses $175 $163 million $129 million 2023 2022 2021. allowance activity write-offs recoveries currency movements. Inventories Raw materials supplies Work Finished goods"
}
{
    "_id": "LIN20231444",
    "title": "",
    "text": "Prepaid Assets deferred charges VAT gains derivatives Long-term Assets Pension assets Insurance contracts Long receivables Lease assets Deposits Investments cost Deferred charges income taxes Unrealized gains derivatives,299,476 December Current Liabilities Accrued expenses VAT Pension postretirement Interest payable Lease liability Insurance reserves Unrealized losses derivatives Cost reduction programs,082"
}
{
    "_id": "LIN20231476",
    "title": "",
    "text": "December Long Liabilities Pension postretirement Tax liabilities uncertain positions Tax Act Lease liability Interest penalties uncertain tax positions Insurance reserves Asset retirement Unrealized losses derivatives Cost reduction Contingent liabilities,795 December Deferred Credits Deferred income taxes Contract liabilities December Income adjustment taxes Americas EMEA APAC Derivatives net taxes Pension obligation $60 million tax benefit 2023 $ million tax obligation 2022"
}
{
    "_id": "LIN20231477",
    "title": "",
    "text": "2023 $529 $462 million Linde AG. 2022 $1,006 $474 million Linde AG."
}
{
    "_id": "LIN20231478",
    "title": "",
    "text": "$173 million 2023 $164."
}
{
    "_id": "LIN20231479",
    "title": "",
    "text": "insurance non-qualified pension obligations."
}
{
    "_id": "LIN20231480",
    "title": "",
    "text": "balances December 2023 2022 net $42 million $36 million. long-term notes Brazil GIST."
}
{
    "_id": "LIN20231482",
    "title": "",
    "text": "Includes subsidiaries."
}
{
    "_id": "LIN20231484",
    "title": "",
    "text": "Represents tax repatriation tax. Tax Cuts Jobs Act 2018. 2025."
}
{
    "_id": "LIN20231485",
    "title": "",
    "text": "Americas currency Canada Mexico Brazil. EMEA Germany. APAC China South Korea India Australia."
}
{
    "_id": "LIN20231498",
    "title": "",
    "text": "classes property plant equipment December 31, Lives Production plants 15-year life,554 Storage tanks,445 Transportation equipment,050 Cylinders Buildings,275 Land improvements Construction,239,325,687,773),139,552,548"
}
{
    "_id": "LIN20231499",
    "title": "",
    "text": "lives production plants contracts contract lives."
}
{
    "_id": "LIN20231500",
    "title": "",
    "text": "depreciated."
}
{
    "_id": "LIN20231512",
    "title": "",
    "text": "Changes goodwill 2023 2022 Balance December 31, 2021,087,278,496,038 Acquisitions Foreign currency translation(773)(1,231) Disposals Balance December 31, 2022,136,492,349 Acquisitions Foreign currency translation Disposals Balance December 31, 2023#9,703#9,834#4,499,422#293#26,751"
}
{
    "_id": "LIN20231514",
    "title": "",
    "text": "Linde performs goodwill impairment tests annually October 1 impairment loss. fourth quarter 2023 test applied FASB accounting guidance qualitative factors analysis. fair value unit exceeded carrying value analysis required. no impairment recorded. indicators impairment December 31, 2023."
}
{
    "_id": "LIN20231548",
    "title": "",
    "text": "summary Linde’s intangible assets December 31, 2023 2022 2023 Relationships Intangible Assets Cost Balance December 31, 2022,062,324 Foreign currency translation December 31, 2023,479,001 amortization December 31, 2022,904) Amortization expense Foreign currency translation December 31, 2023 balance December 31, 2023,209,399 December 2022 Relationships Intangible Assets Cost Balance December 31, 2021,859,173 Additions Foreign currency translationDecember 31, 2022,324 amortization December 31, 2021 Amortization expense Foreign currency translation Disposals December 2022(1,841)(867,904) balance December 31, 2022,221,369,420"
}
{
    "_id": "LIN20231549",
    "title": "",
    "text": "write-off amortized reclassifications."
}
{
    "_id": "LIN20231551",
    "title": "",
    "text": "no residual values. 2023 2022 2021 $550 million $571 $723 million. 24 years."
}
{
    "_id": "LIN20231563",
    "title": "",
    "text": "amortization finite-lived intangibles 2024 2025 2026 2027 2028 amortization,654 Indefinite December 2023 Net,399"
}
{
    "_id": "LIN20231607",
    "title": "",
    "text": "summary Linde’s debt December 31, 2023 2022 (Millions dollars 31, 2023 2022 SHORT-TERM Commercial paper borrowings non U. S. Total short-term debt,117-TERM. dollar denominated. 70% Notes due 2023. Euro notes. 875% GBP notes. 20% Euro notes 2024. 875%. 800%. 700% Notes 2025. 65%. 625% Euro. 625%. 20%. 434%. 652% Euro. 250% Euro. 375% Euro notes 2029. 10% Notes 2030. 90% Euro. 375% Euro.550% 2032. 375% 2033. 625% 2034. 625% 2035. 55% 2042. 2050. 2051. borrowings,660,797 long debt(1,263)(1,599) debt,397,198#19,373#17,914"
}
{
    "_id": "LIN20231610",
    "title": "",
    "text": "discounts premiums debt costs."
}
{
    "_id": "LIN20231612",
    "title": "",
    "text": "2023 2022 $46 million $56 million adjustment value interest swaps. Note."
}
{
    "_id": "LIN20231613",
    "title": "",
    "text": "Linde repaid $500 million."
}
{
    "_id": "LIN20231614",
    "title": "",
    "text": "2023 Linde €650 million. £300 million."
}
{
    "_id": "LIN20231615",
    "title": "",
    "text": "Linde €500 million. 2025 €750 million. €650 million. 2034."
}
{
    "_id": "LIN20231617",
    "title": "",
    "text": "December 7, 2022 company subsidiaries unsecured credit agreement. $5. 0 billion $6. 5 billion additional commitments conditions. no financial maintenance covenants. expires December 7, 2027 two one-year extensions."
}
{
    "_id": "LIN20231618",
    "title": "",
    "text": "December 6, 2023 company subsidiaries entered unsecured 364-day credit agreement banking institutions. $1. 5 billion. no financial maintenance covenants. expires December 4, 2024 principal balances non-revolving loans due payable one year termination."
}
{
    "_id": "LIN20231619",
    "title": "",
    "text": "borrowings Credit Agreements December."
}
{
    "_id": "LIN20231621",
    "title": "",
    "text": "short borrowings. 8%. 2% 2023 2022."
}
{
    "_id": "LIN20231630",
    "title": "",
    "text": "maturities debt 2024 2025,113 2026,500 2028,216,660"
}
{
    "_id": "LIN20231631",
    "title": "",
    "text": "December 2023 Linde immaterial."
}
{
    "_id": "LIN20231633",
    "title": "",
    "text": "Note 13 value."
}
{
    "_id": "LIN20231636",
    "title": "",
    "text": "Linde exposed risks interest energy commodity costs. risk management impact earnings cash. enters instruments interest-rate lock currency-swap forward contracts currency options commodity-swap. not trading uses commonly traded non-leveraged instruments."
}
{
    "_id": "LIN20231637",
    "title": "",
    "text": "three types derivatives company fair-value cash-flow foreign currency net investment. Fair-value assets liabilities firm commitments cash-flow future cash flows net investment impact foreign currency exchange rate changes value net assets."
}
{
    "_id": "LIN20231638",
    "title": "",
    "text": "derivative executed hedge accounting appropriate designated fair-value cash-flow net investment. Linde designates interest-rate treasury rate locks hedges cross-currency contracts not hedges. Certain currency contracts forecasted transactions hedges. derivatives linked to underlying exposure. assesses hedge effectiveness fair values cash flows. hedge not effective hedge accounting discontinued."
}
{
    "_id": "LIN20231639",
    "title": "",
    "text": "Counterparties Linde’s derivatives institutions credit ratings investment grade. Credit Support Annexes entities default counterparty risk. derivatives collateralized cash. December 31, 2023 impact collateral value insignificant. risk losses derivative contracts remote immaterial."
}
{
    "_id": "LIN20231658",
    "title": "",
    "text": "table notional fair value derivatives December 2023 2022 consolidated subsidiaries Value Amounts December Derivatives Not Hedging Instruments Currency contracts Balance sheet items#4,567 Forecasted transactions Cross-currency swaps Commodity contracts#4,902 Derivatives Hedging Instruments Currency contracts Forecasted transactions Commodity contracts Interest rate swaps Total Hedges Total Derivatives##47"
}
{
    "_id": "LIN20231660",
    "title": "",
    "text": "Amounts December 2022 assets $73 $24 million long-term $8 million $4 million liabilities $41 million $23 million-term $6 million $73 million."
}
{
    "_id": "LIN20231662",
    "title": "",
    "text": "Foreign currency contracts related to balance sheet exposure fluctuations-currency exchange rates on assets liabilities currency. contracts protect assets liabilities from exchange risk not hedging instruments. fair value adjustments offset by assets liabilities."
}
{
    "_id": "LIN20231664",
    "title": "",
    "text": "Foreign currency contracts related to transactions exposure fluctuations exchange rates on purchases sales cash flows units. transactions cash flow hedges adjustments recorded to income deferred amounts reclassified to earnings. transactions adjustments recorded to earnings. Linde hedging transactions three years."
}
{
    "_id": "LIN20231666",
    "title": "",
    "text": "Cross-currency interest rate swaps foreign currency risk loans bonds non-functional currencies. value adjustments recorded earnings offset loan bond."
}
{
    "_id": "LIN20231668",
    "title": "",
    "text": "Commodity contracts fluctuations commodity prices. risk Linde enters electricity natural gas propane gas derivatives. cash flow hedges value adjustments recorded income deferred amounts reclassified earnings. Linde contracts three years."
}
{
    "_id": "LIN20231670",
    "title": "",
    "text": "2023 Linde €10. 7 billion$11. 7 billion Euro notes loans ¥4. 7 billion$0. 7 billion CNY loans. deferred gain $45 million loss $305 million 2023."
}
{
    "_id": "LIN20231671",
    "title": "",
    "text": "December 31, 2023 exchange rate movements hedges gain $56 million. movements until sale liquidation foreign operations amounts reclassified statements."
}
{
    "_id": "LIN20231674",
    "title": "",
    "text": "Linde uses interest rate swaps assets liabilities interest rate changes. convert fixed-rate interest variable rates fair value adjustments recognized earnings offsetting charge/benefit changes Note 11. interest rate swaps terminated 2023. adjustments recorded hedged items."
}
{
    "_id": "LIN20231676",
    "title": "",
    "text": "terminated swaps discount debt $56 million amortized interest April 2028."
}
{
    "_id": "LIN20231677",
    "title": "",
    "text": "December 2023 Linde interest rate swaps €1 billion cash flows cash flow hedge."
}
{
    "_id": "LIN20231687",
    "title": "",
    "text": "table impact derivatives statements income Pre-Tax Gain Earnings December 31, Derivatives Not Hedging Currency contracts Balance sheet items Debt-related items"
}
{
    "_id": "LIN20231688",
    "title": "",
    "text": "gains balance sheet items offset by hedged assets liabilities. gains derivatives assets liabilities debt recorded interest expense-net. Other items income gains income-net."
}
{
    "_id": "LIN20231689",
    "title": "",
    "text": "gain loss income not material years December 2023 2022 2021. impacts earnings twelve months not material."
}
{
    "_id": "LIN20231691",
    "title": "",
    "text": "fair value hierarchy valuation techniques three levels"
}
{
    "_id": "LIN20231692",
    "title": "",
    "text": "prices markets assets liabilities"
}
{
    "_id": "LIN20231693",
    "title": "",
    "text": "2 prices assets liabilities markets"
}
{
    "_id": "LIN20231694",
    "title": "",
    "text": "3 unobservable cash flow modeling"
}
{
    "_id": "LIN20231695",
    "title": "",
    "text": "Liabilities Measured Recurring"
}
{
    "_id": "LIN20231705",
    "title": "",
    "text": "table summarizes assets liabilities measured fair value December 31, 2023 2022 Value Measurements (Millions dollars 1 2 3 Derivative assets Investments securities Total Derivative liabilities#47$"
}
{
    "_id": "LIN20231706",
    "title": "",
    "text": "securities recorded current long-term balance sheets."
}
{
    "_id": "LIN20231708",
    "title": "",
    "text": "Level 1 marketable traded exchange. 2 market prices brokers quantitative models market parameters quoted validated pricing brokers market transactions. 3 venture fund."
}
{
    "_id": "LIN20231710",
    "title": "",
    "text": "Linde uses net asset value quarterly reporting not based quoted prices. adjusts market data transaction prices."
}
{
    "_id": "LIN20231711",
    "title": "",
    "text": "3 securities."
}
{
    "_id": "LIN20231712",
    "title": "",
    "text": "value cash equivalents debt payable value maturities."
}
{
    "_id": "LIN20231713",
    "title": "",
    "text": "fair value long-term debt market prices issues. Level 2 fair value. December 31, 2023 Linde’s $13,337 million $14,660 million. December 2022 $11,994 million $13,797 million. Differences interest rates coupon rates."
}
{
    "_id": "LIN20231716",
    "title": "",
    "text": "March 1, 2023 reorganization Linde Frankfurt Linde NYSE shareholders received share new Linde. issued 490,766,972 new Linde shares. treasury shares canceled $15 billion decrease treasury retained earnings. November 7, 2023 Linde transferred shares NYSE Nasdaq \"LIN\"."
}
{
    "_id": "LIN20231717",
    "title": "",
    "text": "December 2023 2022 Linde €1,825,000 1,750,000,000 shares. 25,000. 25,000,000 preferred."
}
{
    "_id": "LIN20231718",
    "title": "",
    "text": "December 31, 2023 490,766,972 482,445,145 Linde shares. no deferred preferred."
}
{
    "_id": "LIN20231719",
    "title": "",
    "text": "December 31, 2022 552,012,862,457,627 Linde shares. no deferred preferred."
}
{
    "_id": "LIN20231720",
    "title": "",
    "text": "Linde’s Board authorize issuance series preferred stock determine characteristics including preference participating special rights qualifications limitations restrictions."
}
{
    "_id": "LIN20231722",
    "title": "",
    "text": "Linde shares dividend stock savings. 2023 2022 2021."
}
{
    "_id": "LIN20231723",
    "title": "",
    "text": "January 22, 2019 repurchase $6. billion 24,847,354 shares December 2021. quarter 2021."
}
{
    "_id": "LIN20231724",
    "title": "",
    "text": "January 25, 2021 approved repurchase $5. billion 16,662,678 December 2022. quarter 2022."
}
{
    "_id": "LIN20231725",
    "title": "",
    "text": "February repurchase $10. billion repurchased 26,411,514 shares 2023. expires July 31, 2024."
}
{
    "_id": "LIN20231727",
    "title": "",
    "text": "October 2023 approved repurchase $15. billion no repurchases December 31, 2023."
}
{
    "_id": "LIN20231729",
    "title": "",
    "text": "terminate maximum authority 2023 reached board terminates."
}
{
    "_id": "LIN20231731",
    "title": "",
    "text": "Noncontrolling statements equity. 2022 deconsolidating Russian gas engineering."
}
{
    "_id": "LIN20231734",
    "title": "",
    "text": "Noncontrolling interests with redemption features reported carrying or redemption value. Linde calculates redemption value until. If greater increase adjusted to earnings impact net income. December 31, 2023 2022 balance includes industrial gas business EMEA put options."
}
{
    "_id": "LIN20231737",
    "title": "",
    "text": "Share compensation $141 million 2023$107 $128 million 2022 2021. income tax benefit $88 million 2023$64. no."
}
{
    "_id": "LIN20231739",
    "title": "",
    "text": "2021 Linde Incentive Plan adopted shareholders July 26, 2021. permits stock options appreciation rights restricted performance-based equity awards employees directors. December 31, 2023 7,661,431 shares equity 2,452,443 shares."
}
{
    "_id": "LIN20231740",
    "title": "",
    "text": "prices options 2021 Plan less than closing market price shares re-priced exchanged without shareholder approval. Options partially exercisable after one year fully until three years maximum duration ten years."
}
{
    "_id": "LIN20231741",
    "title": "",
    "text": "satisfy option equity grants issue treasury."
}
{
    "_id": "LIN20231743",
    "title": "",
    "text": "company utilizes Black-Scholes Options-Pricing Model value stock options. Management assumptions model inputs changes stock price. volatility option exercise activity. expected life. Expected volatility based historical volatility estimated life options. life options granted historical experience. dividend yield based recent history dividend. risk-free rate based U. S. Treasury yield curve life. factors change stock option expense future may differ current."
}
{
    "_id": "LIN20231744",
    "title": "",
    "text": "options 2023 $83.$45. 2022 $37. 2021 Black-Scholes Options-Pricing model. stock price."
}
{
    "_id": "LIN20231750",
    "title": "",
    "text": "weighted-average assumptions grants 2023 2022 2021 Ended Dividend yield. Volatility. Risk-free interest rate. Expected term years"
}
{
    "_id": "LIN20231760",
    "title": "",
    "text": "table summarizes option activity December 31, 2023 changes life years intrinsic value Activity Options Exercise Price Life Intrinsic Value January 1, 2023. Granted. Exercised. Cancelled expired. December 31, 2023.,341 December 2023."
}
{
    "_id": "LIN20231761",
    "title": "",
    "text": "value closing stock price $410. 71 2023 price multiplied options. total $283 million ($176 $294 million 2022 2021."
}
{
    "_id": "LIN20231762",
    "title": "",
    "text": "option 2023 $33 million$36 $50 million 2022 2021. tax $86 million 2023$61 $64 2022."
}
{
    "_id": "LIN20231763",
    "title": "",
    "text": "2023 $17 million unrecognized compensation non options 1 year."
}
{
    "_id": "LIN20231765",
    "title": "",
    "text": "2023 company granted 341,915 performance stock unit awards 2021 Plan senior management performance criteria third anniversary grant. awards tied tax return total shareholder return performance S&P 500 Eurofirst 300. shares issued vested award zero to 200 percent target performance targets three-year period. Compensation expense recognized closing market price shares estimated performance. ROC awards adjusted estimated performance levels. TSR awards measured grant date fair value not. awards 2023 increase 201,120 target 2020 higher payout factor three."
}
{
    "_id": "LIN20231766",
    "title": "",
    "text": "-average ROC awards 2023 $340. ($257. 2022 $241. 2021. closing Linde shares adjusted dividends."
}
{
    "_id": "LIN20231767",
    "title": "",
    "text": "TSR awards 2023 $489. 2022. 2021 estimated Monte Carlo simulation."
}
{
    "_id": "LIN20231768",
    "title": "",
    "text": "160,839 stock units granted Linde 2023. $332. 69 ($260. 2022 $242. 60 2021. closing Linde shares adjusted dividends. Compensation expense recognized."
}
{
    "_id": "LIN20231778",
    "title": "",
    "text": "table summarizes non-vested performance-based restricted stock activity December 31, 2023 changes target-Based Stock Shares Grant Date Non-vested January 1, 2023. 33 Granted. 69 Vested. Cancelled Forfeited. Non-vested December 31, 2023#281."
}
{
    "_id": "LIN20231779",
    "title": "",
    "text": "11 thousand performance 17 thousand non-vested December 31, 2023 settled cash. liability performance share price."
}
{
    "_id": "LIN20231780",
    "title": "",
    "text": "December 2023 $48 million unrecognized performance $42 million restricted stock quarter 2026."
}
{
    "_id": "LIN20231782",
    "title": "",
    "text": "Pension Plans."
}
{
    "_id": "LIN20231783",
    "title": "",
    "text": "Linde retirement plans non-contributory employees. July 1, 2002. Pension Plan amended choice traditional benefit. Traditional Design service average pay. Account-Based Design pay credits 4% compensation interest credits treasury rates. applies employees after April 30, 2002. pension assets equities government securities debt. Linde supplementary retirement benefits higher level employees unfunded nonqualified federal tax. Pension non. subsidiaries separate. diversified investment portfolios insurance policies book reserves."
}
{
    "_id": "LIN20231784",
    "title": "",
    "text": "Pension Plans."
}
{
    "_id": "LIN20231785",
    "title": "",
    "text": "Linde Non-U. defined benefit commitments Germany U. K. old age invalidity surviving dependents. vested rights 2002. commitments salary conversion scheme cash balance. pension payments calculated interest guarantee performance investment. no minimum funding. obligations funded Contractual Trust Agreement. benefit commitments. July 2003 earnings-related dependent service. old age invalidity. April 2011, inflation-linked pensions emoluments restricted."
}
{
    "_id": "LIN20231788",
    "title": "",
    "text": "States Linde participates eight-employer benefit pension plans 200 union employees. agreements expire through 2028. company required periodic contributions. Linde’s participation not material. contributions less than 1% total 2022 2021. 2023 contributions not available."
}
{
    "_id": "LIN20231790",
    "title": "",
    "text": "Linde obtained Pension Protection Act funding notices Trustees MEPs. December 31, 2023 two Red Zone plans implemented improvement plans. Linde anticipate future obligations immaterial. MEP liability unfunded pension obligations. withdrawal payments significant."
}
{
    "_id": "LIN20231792",
    "title": "",
    "text": "Linde’s. employees savings plans. percentages vary IRS regulations. cost $59 million 2023 $56 million 2022 $51 million 2021 tables."
}
{
    "_id": "LIN20231793",
    "title": "",
    "text": "contribution plans non-leveraged employee stock. Linde 1,660,694 December 31, 2023."
}
{
    "_id": "LIN20231794",
    "title": "",
    "text": "non. subsidiaries sponsor contribution plans. $60 million 2023 $80 2022 $101 million 2021."
}
{
    "_id": "LIN20231796",
    "title": "",
    "text": "Linde provides health life insurance retired employees. insurance providers. fund postretirement. retiree plans terminated no liability."
}
{
    "_id": "LIN20231797",
    "title": "",
    "text": "Linde December 31 pension-retirement."
}
{
    "_id": "LIN20231810",
    "title": "",
    "text": "net pension postretirement benefits 2023 2022 2021 table Ended December Operating Service cost Net pension OPEB cost excluding Interest cost return plan assets Net amortization deferral Settlement charges#(164) Net benefit cost"
}
{
    "_id": "LIN20231811",
    "title": "",
    "text": "Settlement charges payments."
}
{
    "_id": "LIN20231849",
    "title": "",
    "text": "Changes benefit obligation assets Linde’s pension OPEB programs reconciliation funded status balance December 2023 2022. dollars Ended December.Benefit Obligation January 1,129,719,398 Service cost Interest cost Participant contributions Actuarial loss Benefits paid Plan settlement Foreign currency translation changes(787 December 31,187,385,129 Accumulated benefit obligation,300 Change Plan Assets January 1#1,891#5,794,448 return Company contributions Participant contributions Benefits paid Foreign currency translation changes December 31,178 Funded Status End Year Balance Sheet 7) long assets$#361#648 liabilities long liabilities Net amount December 31#(137)#(207)#(238)#208 income Net actuarial loss#290#219#357#(343) service cost Deferred tax obligation income (loss#213$##227#260(200)"
}
{
    "_id": "LIN20231861",
    "title": "",
    "text": "funded status December 2023 2022 non-U. S. pension plans benefit obligations Kingdom Non. Benefit obligation December 31,616#1,684#1,085,385 assets December 31,858,370,178 Funded Status End Year Kingdom. Benefit obligation December 31,100#1,485#1,001#5,586 assets December 31,625 Funded Status End Year"
}
{
    "_id": "LIN20231870",
    "title": "",
    "text": "changes plan assets benefit obligations 2023 2022 losses(1,259) Amortization gains(75) service credits Pension settlements Foreign currency translation changes(90) income(1,429)"
}
{
    "_id": "LIN20231872",
    "title": "",
    "text": "Pension losses 2023 driven discount rate higher PBO offset plan asset experience non-U. S plans. plan return assets. 2022 gains driven discount rate lower PBO offset unfavorable asset experience non."
}
{
    "_id": "LIN20231879",
    "title": "",
    "text": "table pension plans accumulated benefit obligation exceeds value assets dollars Year Ended December. Accumulated benefit obligation Fair value plan assets,385"
}
{
    "_id": "LIN20231886",
    "title": "",
    "text": "table pension plans projected benefit obligation exceeds value assets dollars Year Ended December. Projected benefit obligation Fair value plan assets,390"
}
{
    "_id": "LIN20231900",
    "title": "",
    "text": "assumptions benefit obligations balance sheet dates net benefit cost previous year-end. assumptions benefit obligations December 31, Discount rate. 35. Interest crediting rate. Rate increase compensation levels. Weighted average assumptions net benefit cost years December 31, Discount rate. 35. 78. Interest crediting rate. Rate increase compensation levels. Expected long-term rate return plan assets."
}
{
    "_id": "LIN20231901",
    "title": "",
    "text": "expected long term rate return. non assets estimated investment strategy allocation capital market performance plan performance. return 50%-70% equity. 20%-50% fixed income. 2%-8% alternative investments. 40% non. plans allocation 15%-25% equity. 30%-50% fixed income. 90% 30%-50% alternative investments. 80%. annualized total return 10-year period 2023 6. 60%. non. return 4. 90%. Changes asset allocations investment strategy limit historical plan performance. 2024-term rate return 7.%. 5. 83%. non."
}
{
    "_id": "LIN20231910",
    "title": "",
    "text": "investments U. S. pension plan managed future liabilities diversified portfolios capital market returns. strategies reviewed management performance tracked benchmarks. no concentrations risk. non-U. S. pension plans managed individually diversified portfolios target asset allocations. Weighted-average allocations December 31, 2023 2022 Linde’s U. S. non-U. S. pension plans asset allocation ranges category Table Contents.-U. Asset Category Equity securities Fixed income securities"
}
{
    "_id": "LIN20231933",
    "title": "",
    "text": "table summarizes pension assets December 31, 2023 2022. Transfers.Note 13 fair value hierarchy Value Measurements 1 2 3 dollars Cash equivalents Equity securities Global equities Mutual funds Fixed income securities Government bonds Emerging market debt Mutual funds Corporate bonds Bank loans Alternative investments Real estate funds Private debt Insurance contractsLiquid alternative investments Total plan assets value December 31,#1,712,224,228 Pooled funds plan assets December 31,#8,228"
}
{
    "_id": "LIN20231934",
    "title": "",
    "text": "Pooled funds measured net asset value not categorized fair value hierarchy."
}
{
    "_id": "LIN20231951",
    "title": "",
    "text": "table summarizes pension plan assets level 3 2023 2022 Contents Contracts Estate Funds Debt Balance December 31, 2021,368 Gain(Loss Sales Transfer Level 3 currency translation Balance December 31, 2022,360 Gain(Loss Purchases Sales Transfer Level 3 translation Balance December 31, 2023,345"
}
{
    "_id": "LIN20231952",
    "title": "",
    "text": "descriptions methodologies pension assets"
}
{
    "_id": "LIN20231953",
    "title": "",
    "text": "Cash Equivalents short-term investments three months. valued cost accrued interest. 1."
}
{
    "_id": "LIN20231954",
    "title": "",
    "text": "Equity Securities shares common stock. companies industries. valued closing market price. exchange security traded. level 1 valuation hierarchy."
}
{
    "_id": "LIN20231955",
    "title": "",
    "text": "Mutual Funds marketable equity fixed income securities. fair value determined net asset value securities. Shares traded valued net asset value level 1 valuation."
}
{
    "_id": "LIN20231956",
    "title": "",
    "text": "Emerging Market Debt debt developing corporations. higher yields lower credit ratings bonds. fair values level 2."
}
{
    "_id": "LIN20231957",
    "title": "",
    "text": ". Non. Government Bonds includes. treasuries. obligations non. debt. majority investments quoted prices fair value determined quoted prices level 2."
}
{
    "_id": "LIN20231958",
    "title": "",
    "text": "Corporate Bonds. non. companies diverse industries. fair values. determined quoted prices markets data broker dealer quotations. values level 2 valuation hierarchy."
}
{
    "_id": "LIN20231959",
    "title": "",
    "text": "Pooled Funds NAVs trustee determined value underlying securities less liabilities valued inputs. include marketable equity fixed income."
}
{
    "_id": "LIN20231960",
    "title": "",
    "text": "Bank Loans syndicated loans corporate borrowers. issued sub-investment companies. syndicated banks investors. traded dealer market banks quotes level 2 valuation."
}
{
    "_id": "LIN20231962",
    "title": "",
    "text": "Liquid Alternative Investments alternative mutual funds liquid securities cash derivatives. diversification strategies long equity multi-strategy global macro. value net asset value"
}
{
    "_id": "LIN20231964",
    "title": "",
    "text": "data. indices yield curves prices 2 valuation."
}
{
    "_id": "LIN20231965",
    "title": "",
    "text": "Insurance Contracts category annuity contracts Company exposure longevity risk. fair value calculated cash surrender value discounted cash flows. contracts rated insurance companies. level 3 valuation hierarchy."
}
{
    "_id": "LIN20231966",
    "title": "",
    "text": "Real Estate Funds properties equities companies. fair value determined discounted cash flows income reversion adjusted. Yield rates growth assumptions market transactions data. level 3."
}
{
    "_id": "LIN20231967",
    "title": "",
    "text": "Private Debt non-traded-arranged loans managers corporate borrowers no credit rating. loans real estate companies properties. valued par value held maturity level 3."
}
{
    "_id": "LIN20231969",
    "title": "",
    "text": "Linde contributes pension plans requirements. contributions long-term economic environment overfunding costs alternative uses cash. impact. Pension contributions $46 million 2023 $51 million 2022 $42 million 2021. contributions 2024 $35 million to $45 million."
}
{
    "_id": "LIN20231980",
    "title": "",
    "text": "table future benefit payments contributions Ended December 31,. 2024 2025 2027 2029-2033"
}
{
    "_id": "LIN20231983",
    "title": "",
    "text": "company accrues-tax liabilities contingencies loss probable gains recognized realized. losses accruals charged against income. Attorney fees recorded incurred. Commitments obligations future purchases not recorded. records liabilities incurred."
}
{
    "_id": "LIN20231985",
    "title": "",
    "text": "Linde subject to lawsuits government investigations. actions based environmental tax antitrust personal injury claims. Linde strong defenses intends defend. possible incur losses accrued liabilities. losses adverse financial position liquidity possible final outcomes impact results."
}
{
    "_id": "LIN20231988",
    "title": "",
    "text": "2009, Brazilian government published Law 11941/2009 voluntary amnesty program companies settle federal tax disputes reduced. company decided settle tax disputes enrolled Refis Program. recorded estimated liabilities. Since 2009, Linde agreement initiated. issues cash deposits operating loss carryforwards tax reductions. difficult estimate resolution Brazil. December 31, 2023 significant non-income tax claims state VAT tax matters. total estimated exposure approximately $115 million. Linde recorded liabilities."
}
{
    "_id": "LIN20231990",
    "title": "",
    "text": "quarter 2023 Brazilian Supreme Court federal income tax retroactive effect. company recorded reserve potential settlement. finalized subject motions clarification. years difficult estimate. company. September 1, 2010, anticompetitive activity five gas companies imposed fines. fine R$1. 7 billion ($350 million White Martins subsidiary Linde. R$0. 2 billion ($41 million Linde Gases. divested MG Industries March 1, 2019 indemnity."
}
{
    "_id": "LIN20231993",
    "title": "",
    "text": "fine against White Martins Linde Gases. overturned by Ninth Seventh Federal Courts Brasilia. CADE appealed Federal Court rejected confirmed. appeals denied. appeals Supreme Court decisions fine September 2023 January 2024. April 23, 2019 former shareholders Linde AG filed Munich increase cash consideration merger €189. 46 per share. 14,763,113 Linde shares April 8 2019"
}
{
    "_id": "LIN20231995",
    "title": "",
    "text": "cash merger squeeze-out completed. expired July 9, 2019. November 2023 court claims cash merger. appeal."
}
{
    "_id": "LIN20231997",
    "title": "",
    "text": "company believes consideration fair claims no reserve established. estimate resolution. December 30, 2022 Russian Arbitration Court. issued injunction preventing sale shares Linde’s subsidiaries joint ventures disposal assets exceeding 5% asset value. injunction requested RusChemAlliance payment file Linde Engineering breach contract gas processing plant Ust Luga Russia July 7, 2021. suspended Linde May 27, 2022. March 1, 2023 filed claim. Linde recovery advance payments added Linde subsidiaries defendants seeking damages Linde guarantor banks."
}
{
    "_id": "LIN20231998",
    "title": "",
    "text": "March 4, 2023 Linde GmbH filed notice arbitration RCA RCA no entitlement payment Russian claim compensate Linde losses damages. March 17, 2023 anti-suit injunction Hong Kong RCA stay Russian Claim disputes arbitration. September 27, 2023 injunction confirmed. January 4, 2024 final judgment permanent anti-suit injunction RCA global anti-enforcement injunction injunction St. Petersburg."
}
{
    "_id": "LIN20231999",
    "title": "",
    "text": "December 2023 Linde liability $1. 1 billion advance payments terminated projects RCA. future obligations. deconsolidated Russian gas engineering June 30, 2022 subsidiaries immaterial."
}
{
    "_id": "LIN20232000",
    "title": "",
    "text": "January 4 2024 Hong Kong injunction shares lifted proceeding St. Petersburg stayed RCA claim Russia. February 20 2024 St. Petersburg Court granted Russian Claim. Linde 30 days appeal. foreclosing appeal."
}
{
    "_id": "LIN20232001",
    "title": "",
    "text": "Linde earnings contingent liability December 2023 investment Russia subsidiaries."
}
{
    "_id": "LIN20232002",
    "title": "",
    "text": "difficult estimate resolution. company Russian Claim arbitration proceedings."
}
{
    "_id": "LIN20232004",
    "title": "",
    "text": "December 2023 Linde credit guarantees bonds $3,344 million. guarantees self-insurance requirements non. S. litigation."
}
{
    "_id": "LIN20232006",
    "title": "",
    "text": "tax debt retirement pension obligations statements Notes 4 5 11 16."
}
{
    "_id": "LIN20232009",
    "title": "",
    "text": "Linde’s operations industrial gases engineering. industrial gases three segments Americas EMEA APAC fourth segment Engineering business designs manufactures equipment air separation industrial gas applications worldwide three segments. corporate costs smaller businesses thresholds."
}
{
    "_id": "LIN20232010",
    "title": "",
    "text": "industrial gases line manufacturing distribution atmospheric process helium hydrogen electronic specialty acetylene. co-products manufacturing process. Linde manufactures distributes manages relationships. distributed end-markets on-site merchant bulk packaged. methods integrated few products economically transported outside region. distribution economics specific geographies consistent management performance."
}
{
    "_id": "LIN20232011",
    "title": "",
    "text": "measure profit/loss operating profit. excluding Linde AG merger royalties not business trends. CODM assesses performance allocates resources. total assets not included."
}
{
    "_id": "LIN20232032",
    "title": "",
    "text": "table reportable segments 2023 2022 2021. Sales Americas,304,874,103 EMEA,443 APAC,133 Engineering,762 Sales,854,364,793 Operating Americas,244,732,368 EMEA,486 APAC Engineering Segment operating profit,070,176 Other charges Purchase accounting impacts Linde AG Total operating profit,369"
}
{
    "_id": "LIN20232071",
    "title": "",
    "text": "Depreciation Americas,320 EMEA APAC Engineering depreciation amortization,723,772 Linde AG depreciation amortization,816,204 Capital Expenditures Americas,999,354 EMEA APAC Engineering Capital Expenditures Acquisitions,283,174 Sales Major United States,566,553,123 Germany,662,601 China United Kingdom Australia,303,372,307 Brazil,158.,764,022,075 sales,854,364,793 Long-lived Assets Country United States,490 Germany China,176 United Kingdom Australia Brazil non.,241,301 long-lived assets,552,548,003"
}
{
    "_id": "LIN20232073",
    "title": "",
    "text": ". Intersegment Engineering $1,479 $1,035 $896 million 2023 2022 2021."
}
{
    "_id": "LIN20232075",
    "title": "",
    "text": "-lived assets property equipment."
}
{
    "_id": "LIN20232078",
    "title": "",
    "text": "Germany Engineering 35% 44% 53% 2023 2022 2021."
}
{
    "_id": "LIN20232081",
    "title": "",
    "text": "Revenue accounted ASC 606. recognized control goods services transferred to customers consideration entity expects."
}
{
    "_id": "LIN20232083",
    "title": "",
    "text": "Linde healthcare metals mining food electronics."
}
{
    "_id": "LIN20232085",
    "title": "",
    "text": "industrial gases three distribution methods on-site tonnage merchant bulk liquid packaged cylinder gases. distribution method Linde determined volume location. contract terms revenue recognition accounting practices. Linde primary products atmospheric process gases helium. sold three methods."
}
{
    "_id": "LIN20232086",
    "title": "",
    "text": "industrial gases revenue recognition policies"
}
{
    "_id": "LIN20232087",
    "title": "",
    "text": ". volumes constant demand supplied cryogenic gas plants. Linde constructs supplies pipeline. large pipeline plants. contracts requirement 10-20 years minimum purchase price escalation provisions. cryogenic plants produce liquid. single customer. Linde design construction operations maintenance customers no involvement. Advanced air separation delivery smaller volume."
}
{
    "_id": "LIN20232088",
    "title": "",
    "text": "performance obligations-site customers satisfied over time control product. Linde practical expedient progress recognizes revenue corresponds product delivery. revenue recognized when product delivered contract terms. Consideration based on pricing price indices. Variable components constrained."
}
{
    "_id": "LIN20232089",
    "title": "",
    "text": ". deliveries from Linde's plants to storage containers customer site. high cost oxygen nitrogen small radius. argon hydrogen helium longer. three to seven year. minimum purchase volume commitments."
}
{
    "_id": "LIN20232090",
    "title": "",
    "text": "obligations merchant customers satisfied customers control product. Revenue recognized product delivered invoice contract terms. variable components merchant contracts not significant."
}
{
    "_id": "LIN20232092",
    "title": "",
    "text": "Packaged Gases. small volumes cylinders pressure. Linde distributes gases cylinder filling plants filled distribution. delivered site. invoices gases cylinder container. sells hardgoods welding equipment. sold one three-year contracts orders minimum volume commitments."
}
{
    "_id": "LIN20232094",
    "title": "",
    "text": "obligations packaged gases satisfied. revenue recognized product delivered customer or right to payment contract terms. variable consideration constrained recognized when uncertainty resolved."
}
{
    "_id": "LIN20232096",
    "title": "",
    "text": "company designs manufactures equipment air separation industrial gas applications. Sale contracts single performance obligation. Revenue recognized time Linde right payment performance asset. contracts revenue cost incurred input. Costs incurred progress performance obligations. material labor overhead control customer. Changes cost estimates contract modifications accounted cumulative adjustments."
}
{
    "_id": "LIN20232098",
    "title": "",
    "text": "assets liabilities revenue recognition invoicing. equipment contracts revenue recognized. balance unbilled revenue exceeds invoiced. invoices time contractual milestones. liabilities include advance payments right consideration. recognized. Linde assets $196 million 2023 $124 million December 31, 2022. liabilities $2,950 million 2023 $1,901 million $1,049 million. 2023 Linde $418 million liabilities engineering projects Russia. liabilities $3,986 million December 31, 2022 $3,073 million $913 million. decrease reclassification project Russia. Revenue recognized twelve months December 2023 $1,017 million. Engineering business."
}
{
    "_id": "LIN20232100",
    "title": "",
    "text": "Linde receives payment after obligations prepayments not typical industrial gases. Payment terms vary country practices. extended financing outside terms. sales value-added excise taxes not included in. sales returns allowances not significant."
}
{
    "_id": "LIN20232102",
    "title": "",
    "text": "company manages industrial gases geographic Engineering Other global. reporting sales distribution geographic segment illustrates timing customer contract terms revenues."
}
{
    "_id": "LIN20232104",
    "title": "",
    "text": "tables sales consolidated segment years 2023 2022 2021."
}
{
    "_id": "LIN20232126",
    "title": "",
    "text": "dollars Ended December 31, Sales Merchant,370,773,242#9,603% On-Site,246% Packaged Gas,735,654 Other,160,772%,304#8,542#6,559,160#1,289,854% (Millions dollars Ended December 31, Sales Merchant,786#2,509,220,691% On-Site,048,415,471% Packaged Gas####1,523,871% Other,762,874,443#6,480#2,762#1,80564% dollars Ended December 31, Sales Merchant,279,227,181 On-Site,225,296,345 Packaged Gas,456,551 Other####2,867####1,850,037#12,103#7,643,133#2,867,793"
}
{
    "_id": "LIN20232128",
    "title": "",
    "text": "Linde's contracts with customers long-term supply minimum requirements. plant sales fixed price. estimates future minimum purchase requirements sales $48 billion (excludes Russian projects. excludes-site sales above. amounts different timing inflationary price escalations currency exchange rates pass-through costs. duration long-term contracts to twenty years. half revenue minimum purchase requirements earned next five years remaining thereafter."
}
{
    "_id": "LIN20232131",
    "title": "",
    "text": "Linde €700 million. €850 million. €700 million. 40% 2036."
}
{
    "_id": "LIN20232133",
    "title": "",
    "text": "DISAGREEMENTS DISCLOSURE"
}
{
    "_id": "LIN20232134",
    "title": "",
    "text": "."
}
{
    "_id": "LIN20232137",
    "title": "",
    "text": "evaluation Linde’s disclosure controls procedures management concluded as December 31, 2023 controls effective information Linde reports under Exchange Act of 1934 recorded processed summarized reported within periods Securities and Exchange Commission’s rules forms to management timely decisions disclosure."
}
{
    "_id": "LIN20232139",
    "title": "",
    "text": "Item 8 December 31, 2023."
}
{
    "_id": "LIN20232141",
    "title": "",
    "text": "no changes in Linde’s control financial reporting quarter December 31, 2023."
}
{
    "_id": "LIN20232143",
    "title": "",
    "text": "."
}
{
    "_id": "LIN20232146",
    "title": "",
    "text": "."
}
{
    "_id": "LIN20232149",
    "title": "",
    "text": "information incorporated sections Governance Director Nominees Section 16 Reports Linde’s Proxy Statement."
}
{
    "_id": "LIN20232151",
    "title": "",
    "text": "Linde Audit Committee 3 Securities Exchange Act 1934. members. Martin. Richenhagen. Enders. Victoria Ossadnik Alberto Weisser independent Board Directors Nasdaq."
}
{
    "_id": "LIN20232153",
    "title": "",
    "text": "Linde Board Alberto Weisser criteria SEC committee financial Item 407 Regulation S-K Exchange Act independent standards Nasdaq."
}
{
    "_id": "LIN20232155",
    "title": "",
    "text": "Linde adopted code ethics directors employees Chief Financial Accounting Officer. standards approved Board Directors “Code Business Integrity”. posted website. linde. not incorporated."
}
{
    "_id": "LIN20232158",
    "title": "",
    "text": "incorporated sections Compensation Governance Board Director Linde’s Proxy Statement."
}
{
    "_id": "LIN20232160",
    "title": "",
    "text": "SECURITY OWNERSHIP STOCKHOLDER"
}
{
    "_id": "LIN20232161",
    "title": "",
    "text": "Equity Compensation Plans table December 2023 shares options warrants rights Linde’s Board equity compensation awards."
}
{
    "_id": "LIN20232166",
    "title": "",
    "text": "Plan Category securities issued options warrants rights-average exercise price securities future issuance equity compensation plans plans approved,034,362. 58#7,661,431 not approved Total,034,362.,431"
}
{
    "_id": "LIN20232168",
    "title": "",
    "text": "637,600 571,628."
}
{
    "_id": "LIN20232169",
    "title": "",
    "text": "shares future 2021 Linde Incentive Plan approved July."
}
{
    "_id": "LIN20232170",
    "title": "",
    "text": "information ownership shares incorporated section Share Linde’s Proxy Statement."
}
{
    "_id": "LIN20232172",
    "title": "",
    "text": "incorporated sections Governance Board Matters Review Approval Ratification Transactions Relationships Transactions Director Linde’s Proxy Statement."
}
{
    "_id": "LIN20232175",
    "title": "",
    "text": "incorporated section Linde’s Proxy Statement."
}
{
    "_id": "LIN20232178",
    "title": "",
    "text": "documents filed report"
}
{
    "_id": "LIN20232179",
    "title": "",
    "text": "2023 Statements Accounting Firm Part II 8. Statements."
}
{
    "_id": "LIN20232180",
    "title": "",
    "text": ")Financial Statement Schedules omitted applicable required information statements notes."
}
{
    "_id": "LIN20232182",
    "title": "",
    "text": ")Exhibits Annual Report Form 10-K index."
}
{
    "_id": "LIN20232200",
    "title": "",
    "text": "Exhibit. Combination Agreement Linde Aktiengesellschaft Praxair. Zamalight PLC Zamalight Holdco. June 1 2017 Exhibit 2. Report Form Filing. 1-11037 incorporated. 1 August 10 2017 Combination Agreement Praxair. Linde Zamalight Zamalight Subco. Exhibit 2. Purchase Agreement July 5 2018 Praxair. Taiyo Nippon Sanso Corporation Linde businesses Europe Taiyo Exhibit 2. Quarterly Report Form 10-Q File. 1-38730 incorporated. Purchase Agreement July 16 2018 Linde AG Praxair. MG Industries GmbH Messer Canada. Industries USA. Linde Linde AG Praxair. Exhibit.Quarterly Report Form 10-Q September 30 2018 File. 1-38730 incorporated. Amendment September 21, 2018 Sale Purchase Agreement July 16 Linde AG Praxair. Messer Linde assets Linde Messer Exhibit 2. 3 Report 10-Q File. 1-38730 incorporated. Amendment October 19, 2018 Sale Agreement Linde Praxair. Exhibit 2. Quarterly Report 10-Q File. 1-11037 incorporated. Amendment February 20, 2019 Sale Purchase Agreement July 16 2018 Linde AG Praxair. Messer Linde assets Linde AG Messer Business Combination Agreement June 1, 2017 Praxair. Exhibit 2. 4 Current Report Form 8-K March 7 2019 File. 1-11037 incorporated.Constitution Linde Exhibit 3. Form 8-K March 2023 File.-38730 incorporated. Linde plc Shares Exhibit 4. July 15 1992 Praxair. Bank Association successor Bank America Illinois Exhibit 4. Report Form 8-K March 19, 2007, Filing. 1-11037 incorporated. Subordinated Indenture Praxair. Exhibit 4. Form S-3 May 12 2015,. incorporated. Indenture Debt Securities Linde Bank New York Mellon Trust. trustee guarantees Exhibit 4. Form May 3 2023. 001-38730 incorporated. Indenture Debt Securities Linde. Bank New York Mellon Trust. Exhibit 4. Form 2023. 001-38730."
}
{
    "_id": "LIN20232219",
    "title": "",
    "text": ". Debt Securities Linde Finance. Bank New York Mellon Trust. trustee securities guarantees Exhibit. Linde plc Form May 3 2023 Filing.-38730 incorporated. Indenture March 1 2023 Linde. Linde GmbH. Bank Trust Company Association. July 15 1992. Exhibit. Report Form 8-K 2023 File.-38730 incorporated. Indenture March 1 2023 Linde. Bank Trust. August 10 2020 Linde. Bank National Association Exhibit. Report Form 8-K 1 2023 File.-38730 incorporated. Indenture September 3 2019 Linde plc Praxair. Linde. Bank National Association trustee Exhibit. Form 8-K September 2019 Filing. 1-38730 incorporated.Pledge Linde May 11 2020 Exhibit 4. Form 8-K Filing. 1-38730 incorporated. Guarantee Linde Exhibit 4. Report Form.-38730 incorporated. Guarantee Linde. Exhibit 4.-38730 incorporated. Restated Fiscal Agency Agreement May 2023 Linde Deutsche Bank Aktiengesellschaft Exhibit 4. Form Filing. 1-38730 incorporated. Agency Agreement May 11 2020 Linde plc Linde Finance. Deutsche Bank Aktiengesellschaft Exhibit 4. 6 Form 8-K 26. Filing 1-37830 incorporated. August 10 2020 Praxair. Linde plc U. S. Bank National Association Exhibit 4. Form. 1-38730 incorporated.Fiscal Agency Agreement August 3 2021 Linde plc Linde Finance. Deutsche Bank Aktiengesellschaft Exhibit 4. Form 8-K 2021. 1-38730. agreements long debt Securities Exchange Commission. Non Director Restricted Stock Unit Award 2021 Linde plc Long Term Incentive Plan Exhibit 10. Annual Report. 1-38730. Restated Five Year Credit Agreement December 7 2022 Linde plc subsidiaries lenders Bank of America. Exhibit 10. 1-38730. Credit Agreement December 6 2023 Linde plc Borrowers Guarantors lenders Bank America. Exhibit 10. 1-38730. Linde Long Term Incentive Plan July 26, 2021 Exhibit 10.Linde Quarterly Report 10-Q June 2021 Filing. 1-38730. Transferable Stock Option Award Incentive Plan Exhibit. September 2021 Filing. 1-38730."
}
{
    "_id": "LIN20232240",
    "title": "",
    "text": ". 03b Restricted Stock Unit Award 2021 Linde Incentive Plan Exhibit 10. 02 Quarterly Report September 30 2021 Filing. 1-38730. Performance Share Unit Award Linde Return Capital metrics Exhibit. 03 2021. 1-38730. Performance Share Unit Award Linde Shareholder Return metrics Exhibit. 04. 1-38730. plc Annual Variable Compensation Plan January 1 2019 Exhibit 10. 1 Report Form 8-K. 1-38730. Retirement Income Plan January 1 2008 Exhibit. 05a. Annual Report. 1-11037. amendment Praxair. Retirement Income Plan January 1 2010 Exhibit. 05b. 2009 Annual Report. Amendment Praxair.Retirement Income Plan A February 28, 2017 Exhibit. Praxair. 2016 Annual Report Form. 1-11037 incorporated. Amendment Praxair. Plan December 1 2017. Annual Report Form. Supplemental Retirement Income Plan B December 31, 2007 Exhibit. 2008 Annual Report. 1-11037 amendment Praxair. Retirement Income Plan B January 1 2010 Exhibit. 2009 Annual Report. 1-11037 Amendment Praxair. Plan July 1 2012 Exhibit. Annual Report Form. Amendment Praxair. Plan February 28, 2017. 2016 Annual Report. 1-11037 Amendment Praxair. Retirement Income Plan B December 1 2017 Exhibit.2017 Annual Report Form 10-K File. 1-11037 incorporated. Equalization Benefit Plan December 31, 2007 Exhibit. 2008 Annual Report. 1-11037. amendment Praxair. Plan January 1 2010 Exhibit. 2009 Annual Report. Amendment Praxair. February 28, 2017 Exhibit. 2016 Annual Report. 1-11037. Amendment Praxair. Plan December 1 2017 Exhibit. 2017 Annual Report File. 1-11037. 2018 Equalization Benefit Plan Amended Restated September 1 2020 Exhibit. Quarterly Report Filing. 1-38730. 2018 Supplemental Retirement Income Plan Restated September 1 2020 Exhibit. Quarterly Report Filing."
}
{
    "_id": "LIN20232260",
    "title": "",
    "text": ". 2018 Retirement Income Plan Amended Restated September 1 2020 Exhibit. 4 Quarterly Report. 1-38730. Director’s Fees Deferral Plan January 26, 2010 Exhibit. 2009 Annual Report Form Filing. Compensation Deferral Program Amended Restated September 1 2020 Exhibit. 2 Report. Filing 1-38730. Amendment Linde Compensation Deferral Program April 1 2021. Exhibit. Report. 1-38730 2009 Praxair. Long Term Incentive Plan Exhibit 4. 03. Form October 31, 2018. Amendment April 25 2017 Praxair. Long Term Incentive Plan Exhibit. Quarterly Report Filing. 1-11037.Amendment September 8 2020 2009 Praxair Incentive Plan Exhibit. Linde Quarterly Report Form 10-Q 2020 Filing. 1-38730. Standard Option Award 2009 Praxair. Incentive Plan Exhibit. 22. Annual Report Form. 1-11037. Transferable Option Award Praxair. Plan Exhibit. 23. Annual Report. 1-11037. Transferable Option Award Praxair. Plan grants 2015-2017 Exhibit. 26. Annual Report. 1-11037. Transferable Option Award Praxair. grants 2018 Exhibit. 26a. Annual Report. 1-11037. Restricted Stock Unit Award Praxair. Incentive Plan 2018 Exhibit. 27a. Annual Report Form. 1-11037.Non Director Stock Unit Award 2009 Praxair. Plan 2019 Exhibit 10. Linde 2019 Annual Report Form 10-K. 1-38730 Transferable Option Award Praxair. 2019 Exhibit 10. 11L Linde 2018 Annual Report 10-K. Restricted Stock Unit Award. 2019 Exhibit 10. 11M Annual Report. Performance Share Unit Award. 2019 Return Capital performance metrics Exhibit 10. 11N 2018 Annual Report. Performance Share Unit Award Praxair. 2019 Total Shareholder Return metrics Exhibit 10. 11O 2018 Annual Report. Agreement Linde AG Holding GmbH. Sanjiv Lamba December 20 2019 Exhibit 10. 13a Linde 2019 Annual Report Form 10-K.incorporated."
}
{
    "_id": "LIN20232277",
    "title": "",
    "text": ". Letter Linde Sanjiv Lamba November 12 2021 Exhibit 10. Form 8-K November 18 2021 File. 1-38730 incorporated. Nonsolicitation Noncompetition Agreement Linde. Sanjiv Lamba November 7 2021 Exhibit 10. 2 Form 8-K November 18 2021 File. 1-38730 incorporated. Linde plc Director Indemnification Agreement Exhibit 10. 1 Report Form 8-K October 31, 2018 File. incorporated. Linde plc. Public Accounting Firm. 13a-14 Certification. Certification. plc Executive Clawback Policy Board Directors October 23, 2023. Instance Document Interactive Data File tags Inline XBRL document. Taxonomy.Taxonomy Extension Label 101. Presentation. Definition"
}
{
    "_id": "LIN20232278",
    "title": "",
    "text": "exhibits reference SEC File. 1-11037."
}
{
    "_id": "LIN20232279",
    "title": "",
    "text": "management plan."
}
{
    "_id": "LIN20232281",
    "title": "",
    "text": "schedules omitted Item 601(b)(2) Regulation S-K. Registrant agrees SEC."
}
{
    "_id": "LIN20232285",
    "title": "",
    "text": "."
}
{
    "_id": "LIN20232293",
    "title": "",
    "text": "Securities Exchange Act 1934 registrant report. plc February 28, 2024 KELCEY. HOYT. Accounting Officer"
}
{
    "_id": "LIN20232302",
    "title": "",
    "text": "Securities Exchange Act 1934 report signed Registrant February 28, 2024. STEPHEN. ANGEL SANJIV LAMBA MATTHEW. WHITE. Chairman Executive. Financial Officer.-KRISTIN ROBERT L. WOOD. THOMAS. JOSEF KAESER. VICTORIA ALBERTO WEISSER. MARTIN. RICHENHAGEN HUGH GRANT"
}
{
    "_id": "MSFT20230006",
    "title": "",
    "text": "report includes estimates projections business plans objectives operating results-looking Private Securities Litigation Reform Act 1995 Section 27A Securities Act 1933 Section 21E Securities Exchange Act 1934. Forward-looking statements “Risk “Management’s Discussion Analysis Financial Condition Results II Item 7. forward-looking statements identified by “believe “opportunity. based expectations assumptions subject to risks uncertainties results. risks in “Risk Factors Discussion Analysis Financial Condition Results Disclosures Market Risk” II Item 7A. reliance on forward-looking statements. no obligation to update revise statements."
}
{
    "_id": "MSFT20230010",
    "title": "",
    "text": "Microsoft organization. local opportunity growth impact. creating platforms tools faster solutions business competitiveness educational health outcomes public-sector efficiency empower ingenuity. infrastructure data business applications collaboration provide value."
}
{
    "_id": "MSFT20230011",
    "title": "",
    "text": "economic complexity AI work. Microsoft innovating expanding portfolio AI overcome challenges stronger. Customers unlock value digital spend AI security management. Microsoft Cloud advancements innovation. investment AI Teams Outlook Bing Xbox infusing AI consumer commercial offerings capability."
}
{
    "_id": "MSFT20230012",
    "title": "",
    "text": "committed AI. fairness reliability safety privacy inclusiveness transparency accountability."
}
{
    "_id": "MSFT20230014",
    "title": "",
    "text": "1975 develop support software services devices solutions value."
}
{
    "_id": "MSFT20230015",
    "title": "",
    "text": "services cloud software platforms content support consulting. online advertising global audience."
}
{
    "_id": "MSFT20230016",
    "title": "",
    "text": "products cross business software video games. design sell PCs tablets gaming consoles devices accessories."
}
{
    "_id": "MSFT20230021",
    "title": "",
    "text": "ambitions productivity business processes. intelligent cloud platform. personal computing."
}
{
    "_id": "MSFT20230025",
    "title": "",
    "text": "Microsoft provide technology resources secure productive work environment. family products world."
}
{
    "_id": "MSFT20230026",
    "title": "",
    "text": "growth innovation productivity collaboration Office 365 Dynamics LinkedIn. Microsoft 365 Windows Enterprise Mobility Security compliance data protection. Teams meetings calls chat collaboration business automation. Viva communications knowledge learning resources. 365 Copilot AI business data Graph."
}
{
    "_id": "MSFT20230027",
    "title": "",
    "text": "Microsoft Cloud Dynamics 365 Teams AI collaborative functions value. Microsoft Power Platform productivity low-code automation virtual agents business. dynamic labor market LinkedIn connect learn grow."
}
{
    "_id": "MSFT20230029",
    "title": "",
    "text": "digital transformation AI business organizations challenges. digital technology empowers employees optimizes operations engages customers changes products services. high performance sustainable computing Microsoft services cloud computing infrastructure."
}
{
    "_id": "MSFT20230030",
    "title": "",
    "text": "cloud business benefits economies lower cost demand patterns computing storage network resources multi-tenancy locations lower costs."
}
{
    "_id": "MSFT20230031",
    "title": "",
    "text": "Microsoft Cloud integration openness time value costs agility. global-scale Azure offers hybrid consistency developer productivity AI security compliance. emerging use cases compute security accelerating innovation devices hardware."
}
{
    "_id": "MSFT20230032",
    "title": "",
    "text": "Azure organizations transform intelligence insights employees challenges. Organizations large small deploying Azure enterprise-level AI protections."
}
{
    "_id": "MSFT20230033",
    "title": "",
    "text": "long-term partnership OpenAI AI. deploy models consumer enterprise products. Azure powers workloads. increased investments supercomputing research."
}
{
    "_id": "MSFT20230034",
    "title": "",
    "text": "hybrid infrastructure security compliance identity management. industry clouds Microsoft industry-specific customizations. Azure Arc multi-cloud on-premises management platform."
}
{
    "_id": "MSFT20230035",
    "title": "",
    "text": "Nuance conversational AI ambient intelligence joined Microsoft 2022. Nuance goals cloud solutions."
}
{
    "_id": "MSFT20230038",
    "title": "",
    "text": "accelerating mixed reality Azure services. Microsoft Mesh experiences remote hybrid workers."
}
{
    "_id": "MSFT20230039",
    "title": "",
    "text": "data AI competitive advantage. Microsoft Intelligent Data Platform integrates databases analytics governance. creating value. Microsoft Fabric end-end analytics platform tools."
}
{
    "_id": "MSFT20230040",
    "title": "",
    "text": "GitHub Copilot AI-powered software development tool faster creative problem-solving. GitHub to Visual Studio developer tool chain platforms Azure Windows."
}
{
    "_id": "MSFT20230041",
    "title": "",
    "text": "Windows cloud 365 cloud service. internet Android macOS run Windows 365 virtual machine."
}
{
    "_id": "MSFT20230042",
    "title": "",
    "text": "extending infrastructure cloud computing. Azure Orbital station downlinking."
}
{
    "_id": "MSFT20230044",
    "title": "",
    "text": "strive computing personal intuitive engaging dynamic."
}
{
    "_id": "MSFT20230045",
    "title": "",
    "text": "Windows 11 productivity Copilot AI Dev Home. security privacy system application user identity."
}
{
    "_id": "MSFT20230046",
    "title": "",
    "text": "Search News Mapping Browser Microsoft trust privacy safety. February 2023 AI-powered Edge engine Chat better search answers content. fast secure data. AI tools apps."
}
{
    "_id": "MSFT20230047",
    "title": "",
    "text": "committed designing marketing first-party devices innovation Windows. Surface family Pro Laptop."
}
{
    "_id": "MSFT20230048",
    "title": "",
    "text": "Microsoft gaming cloud services. broadened approach gaming subscription Xbox Game Pass devices mobile. January 2022 acquire Activision Blizzard. leader game development interactive entertainment publisher."
}
{
    "_id": "MSFT20230058",
    "title": "",
    "text": "focused helping customers use Microsoft Cloud value digital spend leading AI wave. develop intelligent solutions businesses IT management. goal lead industry technology sustained growth. investing •Transforming workplace business applications. running cloud-based services ubiquitous computing experiences. •Applying AI ambient work productivity. security integrated end-to solutions compliance identity management clouds platforms. gaming experiences pushing boundaries innovation console PC gaming. Windows fuel cloud business grow PC market engagement Microsoft 365 Consumer Microsoft Teams Edge Bing Xbox Game Pass."
}
{
    "_id": "MSFT20230059",
    "title": "",
    "text": "future growth models sales motions."
}
{
    "_id": "MSFT20230062",
    "title": "",
    "text": "climate change business. committed carbon water positive zero waste 2030."
}
{
    "_id": "MSFT20230063",
    "title": "",
    "text": "May 2023 Environmental Sustainability Report progress fiscal 2022. emissions. 5 percent. 1 2 3 increased. 5 percent. 96 percent emissions operations suppliers products customers."
}
{
    "_id": "MSFT20230068",
    "title": "",
    "text": "power agreements carbon-free energy 13. gigawatts. water replenishment projects 15. 6 million cubic meters water. 12,159 tons waste landfills incinerators. 12,270 acres Belize 11,206."
}
{
    "_id": "MSFT20230069",
    "title": "",
    "text": "Microsoft climate solutions no solution company. sustainability customers global community. Microsoft Cloud for Sustainability Manager record report reduce Scope 1 2 3 emissions. tools unify data intelligence."
}
{
    "_id": "MSFT20230076",
    "title": "",
    "text": "committed addressing racial injustice Black African American experiences Microsoft communities. Racial Equity Initiative three pillars progress 2025. communities data technology partnerships Black African American. ecosystem change opportunities. representation strengthening inclusion $150 million investment double Black African American Hispanic Latinx leaders by 2025."
}
{
    "_id": "MSFT20230081",
    "title": "",
    "text": "2023 projects 103 organizations 165 cities counties Justice Reform Initiative racial equity fairness. affordable broadband digital literacy training 14 geographies 11 cities three states south. Tech Acceleration Black African American Communities 2,000 organizations. Technology Support 400 high schools 21 computer science Black students."
}
{
    "_id": "MSFT20230082",
    "title": "",
    "text": "exceeded 2020 goal double Black institutions 2023. increasing investment asset managers 45 percent group funds. $100 million program mission-driven banks. enriched supplier pipeline $500 million suppliers. increased Black Partner Growth Initiative 250 percent."
}
{
    "_id": "MSFT20230083",
    "title": "",
    "text": "progress representation inclusion Microsoft. June 2023 93 percent 2025 Black African American managers. 107 percent directors. 28 percent Hispanic Latinx managers 74 percent Hispanic Latinx directors."
}
{
    "_id": "MSFT20230085",
    "title": "",
    "text": "80 million jobseekers introduced Skills for Jobs initiative skills-based labor market flexibility learning paths in-demand jobs. certification tools LinkedIn GitHub Microsoft Learn Economic Graph."
}
{
    "_id": "MSFT20230086",
    "title": "",
    "text": "launched national campaign 250,000 cybersecurity workforce by 2025 half workforce shortage. curriculum free higher training faculty scholarships resources 25,000 students. expanded cyber skills initiative 27 countries cyberthreat nonprofits institutions."
}
{
    "_id": "MSFT20230087",
    "title": "",
    "text": "Generative AI workers skills. June 2023 launched AI Skills Initiative. includes LinkedIn learning pathway coursework foundations generative AI. global grant challenge training access digital learning events resources AI fluency."
}
{
    "_id": "MSFT20230092",
    "title": "",
    "text": "Microsoft recruit develop retain talent. environment thrive best. maximize human capital respectful rewarding inclusive work environment employees create products services mission."
}
{
    "_id": "MSFT20230093",
    "title": "",
    "text": "June 30 2023 221,000 full-time 120,000. 101,000. 89,000 operations 72,000 research 45,000 sales marketing 15,000 general administration. bargaining."
}
{
    "_id": "MSFT20230095",
    "title": "",
    "text": "culture growth mindset. continuous journey learn company businesses."
}
{
    "_id": "MSFT20230096",
    "title": "",
    "text": "employee listening systems feedback programs needs. surveys inclusion team culture wellbeing learning development. Daily Signals real-time insights. insights onboarding exit surveys Viva Engage channels Q&A AskHR Service support."
}
{
    "_id": "MSFT20230101",
    "title": "",
    "text": "Diversity inclusion core business model accountable change inclusive environment. support Employee Resource Groups women families racial minorities military disabilities LGBTQIA+ support community-building. annual performance compensation reviews contributions employee culture diversity. disclose progress workforce metrics gender racial ethnic minority representation. EEO-1 report. representation. equity."
}
{
    "_id": "MSFT20230103",
    "title": "",
    "text": "develop sustainable market-driven strategic programs differentiated portfolio retain top talent. reinforce collaboration growth. Managers evaluate rewards. monitor pay equity career progress. compensation opportunity differentiated market competitive."
}
{
    "_id": "MSFT20230106",
    "title": "",
    "text": "manage costs fiscal year 2023 base salaries 2022 levels. Pay increases rewards-eligible hourly employees. investing stock rewards-eligible bonuses."
}
{
    "_id": "MSFT20230107",
    "title": "",
    "text": "2016, reported pay equity Diversity Inclusion. 2022 racial ethnic minority employees. earn $1. 008 $1. 000 white women. $1. 007 $1. 000 outside. $1. $1. 000. expanded pay equity. 61 countries. 8% global Microsoft workforce."
}
{
    "_id": "MSFT20230108",
    "title": "",
    "text": "began reporting unadjusted median pay annual comparing job title tenure. rewards pay women 89. 6% men. 86. 2% outside. racial ethnic minorities. 9% white employees. representation women minorities senior levels ensure pay equity gap medians."
}
{
    "_id": "MSFT20230109",
    "title": "",
    "text": "global performance culture competitive compensation equitable pay role performance."
}
{
    "_id": "MSFT20230111",
    "title": "",
    "text": "Microsoft wellbeing. invested wellbeing differentiated benefits financial wellness programs counseling mental wellbeing fitness disability accommodations savings investment adoption care children elders. Occupational Health Safety program."
}
{
    "_id": "MSFT20230112",
    "title": "",
    "text": "introduced Hybrid Workplace Flexibility Guidance leaders hybrid. 93% value flexibility location hours 78% connection. no one-size-fits-all Microsoft. data research decision making business team individual."
}
{
    "_id": "MSFT20230114",
    "title": "",
    "text": "opportunities personalized in-classroom compliance-job advancement manager coaching. customized manager learning employee orientation tools hybrid environment."
}
{
    "_id": "MSFT20230115",
    "title": "",
    "text": "Microsoft employees Viva Learning. principles Business Conduct Privacy Security Foundations Harassment Prevention. skills training profession."
}
{
    "_id": "MSFT20230118",
    "title": "",
    "text": "27,000 managers complete 20-33 hours leadership assigned training management compliance culture."
}
{
    "_id": "MSFT20230120",
    "title": "",
    "text": "operate report financial performance segments Productivity Processes Intelligent Cloud Personal Computing. segments financial view. strategies development sales marketing services allocation resources."
}
{
    "_id": "MSFT20230121",
    "title": "",
    "text": "segments product Note 19 Segment Financial Statements Item 8 Form 10-K."
}
{
    "_id": "MSFT20230122",
    "title": "",
    "text": "segments."
}
{
    "_id": "MSFT20230128",
    "title": "",
    "text": "Productivity Business Processes segment communication devices platforms. Commercial on Exchange SharePoint Teams Security Compliance Viva Copilot. Consumer on-premises services. Talent Solutions Marketing Premium Subscriptions Sales Solutions. business solutions 365 cloud applications ERP CRM Power Apps Automate on-premises ERP CRM."
}
{
    "_id": "MSFT20230130",
    "title": "",
    "text": "Office Commercial team organizational productivity products services. Growth new users workers businesses growth markets value core offerings communication collaboration security compliance. revenue affected base growth revenue user expansion shift 365."
}
{
    "_id": "MSFT20230134",
    "title": "",
    "text": "Office Consumer productivity creativity products services. Growth depends users add value new markets. revenue affected shift Microsoft 365 subscriptions. Services revenue demand communication storage Skype Outlook. OneDrive driven subscriptions advertising sale minutes."
}
{
    "_id": "MSFT20230136",
    "title": "",
    "text": "LinkedIn connects professionals transforms market sell. vision economic opportunity for global workforce Economic Graph digital economy. offers monetized solutions Talent Solutions Marketing Solutions Premium Subscriptions Sales Solutions. Talent Solutions workforce planning develop talent. Learning Solutions skills gaps. Marketing Solutions. Premium Subscriptions identity grow network find jobs talent. Sales Solutions relationships digital selling opportunities. LinkedIn 950 million members offices. Growth members services. revenue affected by demand subscriptions Talent Solutions Sales member engagement quality sponsored content."
}
{
    "_id": "MSFT20230138",
    "title": "",
    "text": "Dynamics solutions financial customer supply chain businesses large organizations enterprises. revenue driven users licensed applications consumed average revenue user shift Dynamics 365 Power Apps Automate."
}
{
    "_id": "MSFT20230140",
    "title": "",
    "text": "Competitors Office include Apple Cisco Systems Meta Google Okta Proofpoint Slack Symantec Zoom web mobile competitors local developers. Apple distributes software PCs tablets phones. Cisco Systems. Meta. Google. Slack. Zoom videoconferencing phone. Okta Proofpoint Symantec security information protection identity. Web-based alternatives products. We compete flexible secure easy-use productivity collaboration tools services technologies."
}
{
    "_id": "MSFT20230141",
    "title": "",
    "text": "LinkedIn competition networks recruiting talent management job boards recruiting firms learning development. Marketing Solutions advertisers marketers Sales Solutions lead generation customer intelligence."
}
{
    "_id": "MSFT20230144",
    "title": "",
    "text": "cloud-premises Oracle Salesforce SAP."
}
{
    "_id": "MSFT20230148",
    "title": "",
    "text": "Intelligent Cloud public hybrid server business. products services Azure SQL Server Windows Server Visual Studio System Center Client Licenses Nuance GitHub. Services Industry Solutions."
}
{
    "_id": "MSFT20230150",
    "title": "",
    "text": "Azure cloud services developers professionals enterprises build deploy manage applications platform. Customers use computing networking storage mobile web AI cognitive machine learning. resources development hardware. revenue affected infrastructure platform Enterprise Mobility Security."
}
{
    "_id": "MSFT20230151",
    "title": "",
    "text": "Azure AI competitive advantage machine learning. infrastructure allows GPT-4 more less. integrate models develop AI apps services."
}
{
    "_id": "MSFT20230152",
    "title": "",
    "text": "server products professionals developers productive efficient. software Windows Server. platform database business storage management operations virtualization service-oriented architecture security identity. standalone tools architects developers testers project managers. revenue affected retail products. access rights products SQL Windows Server revenue."
}
{
    "_id": "MSFT20230153",
    "title": "",
    "text": "Nuance GitHub. healthcare AI. collaboration code hosting."
}
{
    "_id": "MSFT20230155",
    "title": "",
    "text": "Enterprise Services Industry Professional assist developing Microsoft desktop conversational AI training certification developers IT professionals products."
}
{
    "_id": "MSFT20230159",
    "title": "",
    "text": "Azure competition Amazon Google IBM Oracle VMware open source. advantage hybrid cloud deployment datacenters infrastructure. AI offerings compete Amazon Bedrock CodeWhisperer Google AI emerging competitors Meta’s LLaMA2 open source solutions. Enterprise Mobility + Security compete with identity security. global scale broad portfolio identity security solutions cybersecurity challenges differentiates."
}
{
    "_id": "MSFT20230160",
    "title": "",
    "text": "server products competition operating systems applications. manufacturers Hewlett-Packard IBM Oracle offer Unix server hardware. manufacturers offer hardware Linux contribute to development. competitive Linux compatible applications software developers. Red Hat supply versions Linux."
}
{
    "_id": "MSFT20230161",
    "title": "",
    "text": "compete enterprise-wide computing software vendors connectivity security hosting database e-business servers. IBM Oracle Java Platform Enterprise Edition. competitors CA Technologies IBM Oracle. web open source Apache Linux MySQL PHP. Java vendors."
}
{
    "_id": "MSFT20230162",
    "title": "",
    "text": "database business warehousing IBM Oracle SAP Snowflake. system management server virtualization BMC CA Technologies Hewlett-Packard IBM VMware. Adobe IBM Oracle open source PHP Ruby Rails."
}
{
    "_id": "MSFT20230163",
    "title": "",
    "text": "server products advantages performance costs productivity applications tools compatibility security manageability."
}
{
    "_id": "MSFT20230164",
    "title": "",
    "text": "Enterprise Services strategy planning application development infrastructure multinational consulting businesses."
}
{
    "_id": "MSFT20230170",
    "title": "",
    "text": "Personal Computing segment products services customers center. OEM Commercial cloud services patent licensing. Surface HoloLens PC accessories. Xbox hardware content services first third content Game Pass subscriptions Cloud Gaming advertising disc royalties cloud services. news advertising Bing News Edge third-party affiliates."
}
{
    "_id": "MSFT20230182",
    "title": "",
    "text": "Windows operating system personal computing experience consistency across devices. Windows OEM revenue impacted by licenses OEMs pre devices. revenue mix devices form screen size. demand developed growth markets. Windows to devices shipped. mix. inventory OEM. changes promotions different pricing Windows versions. •Constraints supply chain components. •Piracy."
}
{
    "_id": "MSFT20230183",
    "title": "",
    "text": "Windows Commercial revenue volume licensing cloud services affected commercial customers licensing Software Assurance advanced security. reflects workers licensed enterprise independent PCs sold."
}
{
    "_id": "MSFT20230184",
    "title": "",
    "text": "Patent licensing patents mobile devices cloud offerings."
}
{
    "_id": "MSFT20230185",
    "title": "",
    "text": "Windows IoT operating systems tools services embedded devices."
}
{
    "_id": "MSFT20230187",
    "title": "",
    "text": "design sell devices Surface HoloLens PC accessories. connect Windows Microsoft products services. Surface students consumers. Growth PC shipments customers product roadmap categories."
}
{
    "_id": "MSFT20230189",
    "title": "",
    "text": "gaming platform entertainment content community cloud services. exclusive content Xbox Game Studios first-party. studios intellectual property leverage creators. experiences Xbox Game Pass subscription community 400 first third-party PC titles."
}
{
    "_id": "MSFT20230190",
    "title": "",
    "text": "gamer Xbox ecosystem. identifying opportunities first third-party content business diversification subscriptions ads digital stores. devices third PC mobile end points. focused growing platform expanding ecosystems gamers."
}
{
    "_id": "MSFT20230193",
    "title": "",
    "text": "Xbox enables online gaming consoles Windows devices. certified applications services large customer base. revenue affected subscriptions sales third-party content advertising. Growth determined active user base Xbox content availability games exclusive content computational power reliability devices experiences first-party content."
}
{
    "_id": "MSFT20230195",
    "title": "",
    "text": "Search news advertising business search native display advertising global audience. Microsoft Edge Bing Chat user acquisition engagement technology platform digital advertising. partnerships Yahoo search. Growth users content."
}
{
    "_id": "MSFT20230197",
    "title": "",
    "text": "Windows competition platforms Apple Google. Windows choice value flexibility security easy interface compatibility hardware software productivity."
}
{
    "_id": "MSFT20230198",
    "title": "",
    "text": "Devices competition computer tablet hardware manufacturers design technologies price points. include Apple Windows OEMs."
}
{
    "_id": "MSFT20230199",
    "title": "",
    "text": "Xbox cloud gaming services online Amazon Apple Meta Tencent. compete video streaming. platform competes Nintendo Sony customers. platform products innovation hardware user interface developer tools online gaming entertainment services exclusive content first-party franchises digital content."
}
{
    "_id": "MSFT20230200",
    "title": "",
    "text": "Search news Google websites social platforms Meta portals content."
}
{
    "_id": "MSFT20230202",
    "title": "",
    "text": "regional centers billing vendor logistics. Ireland African Asia-Pacific European Middle East Arlington Fargo Dakota Lauderdale Redmond Reno Nevada Puerto Rico."
}
{
    "_id": "MSFT20230203",
    "title": "",
    "text": "operations operate datacenters regions. expand locations increase server capacity needs growing demand AI services. datacenters depend land energy networking supplies servers processing units."
}
{
    "_id": "MSFT20230206",
    "title": "",
    "text": "devices manufactured third-party contract manufacturers. majority use other manufacturers if current vendor unavailable. contain components few qualified suppliers. disruptions impact."
}
{
    "_id": "MSFT20230216",
    "title": "",
    "text": "develop products services groups. AI IT professionals developers software vendors systems Azure AI platform infrastructure server database CRM ERP software development tools AI services business process applications. Missions Technologies products solutions cloud computing growth quantum computing Azure Space Missions Engineering telecommunications Microsoft Federal Sales Delivery. Devices value-user experiences Microsoft 365 Windows Teams Search Chat Surface. Security digital infrastructure cloud security data protection identity network access device management. Research research product business incubations AI innovations. professionals businesses market sell. hardware content services platforms user base."
}
{
    "_id": "MSFT20230217",
    "title": "",
    "text": "Internal development competitive advantages product differentiation technical control. freedom decide modifications enhancements. strive obtain information usage patterns hardware advances. Before provide vendors resources guidelines development training testing. create product documentation."
}
{
    "_id": "MSFT20230218",
    "title": "",
    "text": "protect intellectual property investments. work. internationally copyright trademark secret protections software hardware services business plans branding. leader patents 70,000 U. international patents 19,000 worldwide. employ internally-developed intellectual property services outbound licensing patented technologies. cross-license agreements patents. purchase license technology. intellectual property available no low cost industry standards interoperability environmental efforts development community. engagement open source software intellectual property."
}
{
    "_id": "MSFT20230221",
    "title": "",
    "text": "necessary future seek renew licenses products services experience licenses obtained reasonable terms. research product development not dependent on license agreement third party."
}
{
    "_id": "MSFT20230223",
    "title": "",
    "text": "success products services experiences disruptive technology trends new markets drive adoption. invest in emerging technology trends breakthroughs value growth. maintain commitment to research development technologies tools platforms digital cloud computing AI devices operating systems."
}
{
    "_id": "MSFT20230224",
    "title": "",
    "text": "main product research facilities Redmond Washington operate other U. S. world. global approach competitive top talent."
}
{
    "_id": "MSFT20230225",
    "title": "",
    "text": "plan continue investments product research development coordinate research segments leverage results company."
}
{
    "_id": "MSFT20230226",
    "title": "",
    "text": "operate Microsoft Research. largest corporate research universities advancing state-art computer science other disciplines. investment fundamental research perspective future contributes innovation."
}
{
    "_id": "MSFT20230228",
    "title": "",
    "text": "market distribute products OEMs distributors resellers. sales organization enterprises public-sector organizations technology digital transformation OEM relationships system integrators software vendors partners sales fulfillment."
}
{
    "_id": "MSFT20230230",
    "title": "",
    "text": "distribute products OEMs software devices servers. largest Windows system. sell devices pre-installed Microsoft products Office Office 365."
}
{
    "_id": "MSFT20230231",
    "title": "",
    "text": "two categories OEMs. largest direct Microsoft. distribution agreements multinational OEMs Dell Hewlett-Packard Lenovo regional local OEMs. second system builders lower-volume PC manufacturers source Microsoft software Microsoft distributor channel."
}
{
    "_id": "MSFT20230233",
    "title": "",
    "text": "organizations products transact Enterprise Agreements Services contracts support system integrators software vendors web agencies partners. Microsoft direct sales programs small medium corporate customers. partner advisors support."
}
{
    "_id": "MSFT20230236",
    "title": "",
    "text": "sell products services cloud services search gaming digital marketplaces stores. Microsoft Experience Centers engagement."
}
{
    "_id": "MSFT20230238",
    "title": "",
    "text": "Organizations license products distributors resellers retailers. LSPs large distributors VARs VARs small medium. ESAs authorized LSPs resellers. Microsoft Cloud Solution Provider main cloud services."
}
{
    "_id": "MSFT20230239",
    "title": "",
    "text": "distribute products distributors replicators resellers outlets. consumers obtain. devices retailers. field sales representatives orders provide training support."
}
{
    "_id": "MSFT20230240",
    "title": "",
    "text": "Dynamics licensed partners vertical specialized services."
}
{
    "_id": "MSFT20230242",
    "title": "",
    "text": "offer options organizations cloud services on-premises software SA. license software volume licensing agreements multiple licenses retail. use programs flexibility various sizes. include below."
}
{
    "_id": "MSFT20230243",
    "title": "",
    "text": "rights software upgrades perpetual licenses. provides support tools training licensing benefits. licensing agreements optional."
}
{
    "_id": "MSFT20230246",
    "title": "",
    "text": "Enterprise Agreements offer organizations licensing program cloud services software licenses. organizations cloud services software three-year. purchase perpetual licenses subscribe."
}
{
    "_id": "MSFT20230248",
    "title": "",
    "text": "Microsoft Customer Agreement simplified purchase digital experience. non-expiring customers time partner or Microsoft."
}
{
    "_id": "MSFT20230250",
    "title": "",
    "text": "Microsoft Online Subscription Agreement small organizations activate cloud services. monthly annual subscriptions cloud services."
}
{
    "_id": "MSFT20230254",
    "title": "",
    "text": "Microsoft Products Services Agreements organizations cloud-premises software no commitment non-expiring agreement. purchase. SA optional."
}
{
    "_id": "MSFT20230256",
    "title": "",
    "text": "Open Value agreements Microsoft technology. small organizations cloud services on-premises software three-year. purchase perpetual subscribe SA."
}
{
    "_id": "MSFT20230258",
    "title": "",
    "text": "Select Plus agreement organizations licenses. purchase perpetual licenses SA optional."
}
{
    "_id": "MSFT20230260",
    "title": "",
    "text": "Microsoft Cloud Solution Provider Program cloud services systems integrator cloud reseller partner. Partners package products services support subscriptions."
}
{
    "_id": "MSFT20230261",
    "title": "",
    "text": "Microsoft Services Provider License Agreement vendors Microsoft. Partners license three-year billed monthly consumption."
}
{
    "_id": "MSFT20230262",
    "title": "",
    "text": "Independent Software Vendor Royalty Program Microsoft license solution."
}
{
    "_id": "MSFT20230264",
    "title": "",
    "text": "customers include consumers organizations enterprises public institutions Internet providers developers OEMs. backlog."
}
{
    "_id": "MSFT20230274",
    "title": "",
    "text": "executive officers July 2023 Satya Nadella Judson. Althoff. Capossela Kathleen. Hogan Amy. Hood Bradford. Smith Chair President Christopher. Young Vice President Business Development Strategy Ventures"
}
{
    "_id": "MSFT20230275",
    "title": "",
    "text": ". Nadella Chairman 2021 Chief 2014. Vice President Cloud 2013. 2011. President Server Tools. 2009 Senior Vice Online Services. 2008 Search Portal Advertising. Microsoft 1992. Vice President Business. Board Starbucks."
}
{
    "_id": "MSFT20230278",
    "title": "",
    "text": ". Althoff Vice President Commercial Officer July 2021. Worldwide July 2017. President Microsoft North America. joined 2013."
}
{
    "_id": "MSFT20230279",
    "title": "",
    "text": ". Capossela Vice President Chief Officer July 2016. March 2014. 1991. roles Consumer Channels Microsoft Office Division Office 365 SharePoint Exchange Skype Business Project Visio."
}
{
    "_id": "MSFT20230280",
    "title": "",
    "text": ". Hogan Executive Vice President Resources 2014. Vice President Microsoft. Customer joined Microsoft 2003. Board Alaska Air Group."
}
{
    "_id": "MSFT20230281",
    "title": "",
    "text": ". Hood Executive Vice President Chief Financial Officer May 2013. 2010 2013,. Financial Microsoft Business Division. Server Tools corporate. Board 3M Corporation."
}
{
    "_id": "MSFT20230282",
    "title": "",
    "text": ". Smith Vice Chair President 2021. President Chief Legal Officer 2015. Executive Vice President 2011 Senior Vice 2001 2011. Chief Compliance Officer 2002. Deputy General Counsel Sales European Law Affairs. Board Netflix."
}
{
    "_id": "MSFT20230285",
    "title": "",
    "text": ". Young Executive Vice President Microsoft 2020. Chief Executive Officer McAfee 2017 Senior Vice President Manager Intel Security Group 2014 2017 McAfee. Board American Express."
}
{
    "_id": "MSFT20230294",
    "title": "",
    "text": ". microsoft. com. Investor Relations website. free information investors. goal portal annual 10-K quarterly 10-Q current reports Form 8-K amendments Securities Exchange Commission. business strategies financial results metrics. investor conferences speeches strategies. Archives. releases quarterly earnings product announcements legal developments international news. governance information articles incorporation bylaws governance guidelines committee charters codes conduct ethics corporate social responsibility initiatives policies. news announcements. sign email alerts."
}
{
    "_id": "MSFT20230295",
    "title": "",
    "text": "publish Corporate Social Responsibility Hub. sustainability sourcing accessibility digital trust public policy."
}
{
    "_id": "MSFT20230298",
    "title": "",
    "text": "information on websites not report SEC. use social media public. possible information material to investors. encourage investors media Microsoft review information social media channels Investor Relations website."
}
{
    "_id": "MSFT20230300",
    "title": "",
    "text": "results risks uncertainties business financial condition cash flows trading price common stock."
}
{
    "_id": "MSFT20230302",
    "title": "",
    "text": "face competition products lower revenue margins."
}
{
    "_id": "MSFT20230304",
    "title": "",
    "text": "competitors range companies to small specialized firms product lines resources. Barriers entry low areas evolve with technologies user needs new products services. competitive depends on success innovative products devices services."
}
{
    "_id": "MSFT20230311",
    "title": "",
    "text": "business model platform-based ecosystems diverse solutions. ecosystem creates network effects growth. scale necessary margins. face competition from competing platforms. vertically-integrated model single firm controls software hardware succeeded with computers tablets phones gaming consoles wearables devices. Competitors earn revenue from services. claim security performance benefits. We offer vertically-integrated hardware software products services. business increase cost reduce operating margins. revenue from Windows operating systems. competition from platforms smartphones tablet computers. price utility. Users functions. attract developers. Competing with low cost decrease margins. Popular products increase competitive strength. devices compete with partners affect commitment. platforms have content application marketplaces installed bases. variety content important purchasing decisions. Users incur costs move data buy new content applications switching platforms.compete enlist developers platform ensure high quality security customer appeal value. compete marketplaces increase cost lower operating margins. rules restrict products objectives."
}
{
    "_id": "MSFT20230317",
    "title": "",
    "text": "Companies compete business models. infrastructure platform software-as-a-service license-based software model generates revenue. bear costs converting ideas revenue licensing. competitors develop sell software. investing in artificial consumer commercial offerings. expect AI technology competitive evolving. bear development operational costs AI capabilities products services. to technological change regulatory developments public scrutiny. competitors develop offer free applications online services content third-party advertising. Advertising revenue funds products with. companies open source software cost AI models revenue advertising. bear full costs research development. Some products mimic features."
}
{
    "_id": "MSFT20230318",
    "title": "",
    "text": "competitive pressures sales price reductions operating costs. revenue margins operating income."
}
{
    "_id": "MSFT20230319",
    "title": "",
    "text": "focus on cloud services presents competitive risks. business involves. vision platforms productivity services ubiquitous computing ambient intelligence. competitors developing cloud services. Pricing delivery models evolving. Devices form factors influence. industries customers requirements risks. devoting resources cloud strategies. Windows ecosystem. embrace cultural organizational changes obstacles innovation. intelligent cloud edge offerings connected to Internet of Things sensors data computing AI. success on adoption Azure AI IoT Edge. market share objectives."
}
{
    "_id": "MSFT20230327",
    "title": "",
    "text": "software development incurring costs infrastructure cloud services. costs reduce operating margins. depends execution compelling experiences traffic market share. utility compatibility performance devices PCs smartphones tablets gaming consoles sensors endpoints. attractiveness platforms third-party developers. services meet reliability security compliance needs. services platform-agnostic available devices ecosystems competitors."
}
{
    "_id": "MSFT20230328",
    "title": "",
    "text": "uncertain strategies attract users generate revenue. changes efficiency innovation generate usage new products grow revenue infrastructure investments. impact margins operating income."
}
{
    "_id": "MSFT20230329",
    "title": "",
    "text": "users fraudulent activities cloud services. include unauthorized stolen credentials stolen credit cards failure pay services cryptocurrency mining cyberattacks. violations fraud adverse impacts reputational damage."
}
{
    "_id": "MSFT20230331",
    "title": "",
    "text": "investments in products returns. continue research development marketing products technologies Windows Microsoft 365 Bing SQL Server Server Azure Office 365 Xbox LinkedIn. developing AI services products. invest development acquisition hardware for productivity communication entertainment PCs tablets gaming devices HoloLens. Investments new technology speculative. Commercial success depends on innovativeness developer support distribution marketing. customers functionality reduce purchases revenue. revenue from new investments years. New products services profitable operating margins high. Microsoft Edge Bing Chat post-sale monetization. data handling practices scrutiny. mismanagement impact design quality."
}
{
    "_id": "MSFT20230332",
    "title": "",
    "text": "technologies complex. long testing. delays problems products affect revenue."
}
{
    "_id": "MSFT20230335",
    "title": "",
    "text": "Acquisitions joint ventures strategic alliances business. continue acquisitions long strategy. March 2021 ZeniMax Media. $8. 1 billion March 2022 Nuance Communications. $18. 8 billion. January 2022 Activision Blizzard. $68. 7 billion. January 2023 third phase OpenAI partnership. Acquisitions transactions involve challenges risks business strategy unsatisfactory return compliance obligations challenges integrating retaining employees systems technology distract management transactions. arrangement changing circumstances early termination renegotiation. success products services develop new policies data governance privacy cybersecurity. longer benefits revenue benefits smaller. affect financial statements."
}
{
    "_id": "MSFT20230336",
    "title": "",
    "text": "goodwill assets impaired record charge earnings. acquire companies assets not realize economic benefit impairment. review assets for impairment value. test goodwill for impairment annually. include decline stock price market capitalization reduced future cash flow slower growth rates industry. past recorded record significant charge in consolidated financial statements impairment goodwill affecting results operations."
}
{
    "_id": "MSFT20230338",
    "title": "",
    "text": "Cyberattacks revenue costs liability claims reputation."
}
{
    "_id": "MSFT20230340",
    "title": "",
    "text": "Threats to IT security. hackers organizations state-sponsored undertake attacks customers IT. actors methods developing malicious software exploiting vulnerabilities hardware software infrastructure social engineering passwords sensitive information distributed denial of service attacks. Nation-state actors deploy resources attacks. attacks intensify during conflict Ukraine. Inadequate in unauthorized access to confidential data. system administrators fail remove employee account access. Employees third parties compromise security systems reveal confidential information. actors introduce malware through software updates compromised supplier accounts hardware."
}
{
    "_id": "MSFT20230341",
    "title": "",
    "text": "Cyberthreats evolving sophisticated complex difficulty detecting defending. no capability detect vulnerabilities new attack methods. Cyberthreats cascading impacts internal networks partners customers. Breaches facilities network data security disrupt applications impair services privacy delays compromise information reputation theft misuse intellectual property ransomware attacks resources affect business. subject supply chain cyberattacks malware introduced software updates."
}
{
    "_id": "MSFT20230344",
    "title": "",
    "text": "internal IT environment. early adopters new devices technologies. sharing data social networking consumer technologies. generative AI attack methods. business policies security controls threats cybersecurity regulations."
}
{
    "_id": "MSFT20230346",
    "title": "",
    "text": "security products services important in decisions cloud on-premises. Security threats to companies technology. Threats IT infrastructure affect customers. Customers cloud services rely on security infrastructure hardware reliability protection data. Adversaries focus on popular operating systems programs services expect. adversaries attack on-premises cloud environments exploiting unknown vulnerabilities Exchange Server. Vulnerabilities persist after security patches updates attackers exploited vulnerabilities malware. Adversaries attack digital transformation. user account information compromise accounts. Inadequate account security in unauthorized access ransomware malicious software. incorporating open source software into products. vulnerabilities susceptible to cyberattacks. adding generative AI features services. AI security risks susceptible to threats."
}
{
    "_id": "MSFT20230347",
    "title": "",
    "text": "customers operate complex systems third-party hardware software multiple vendors acquired years. expect products services support all including security advances standards. discontinue support product secure alternative. Failure current security advances standards vulnerability. customers varied size technical sophistication use technology limited capabilities resources cybersecurity practices technologies. account for defining default settings impact IT operations review reset."
}
{
    "_id": "MSFT20230348",
    "title": "",
    "text": "Cyberattacks impact customers production services not compromised. committed notifying customers impacted actionable information. providing guidance support detection tracking remediation. detect attacks information on-premises software Exchange Server no limited visibility computing environments."
}
{
    "_id": "MSFT20230352",
    "title": "",
    "text": "defend security threats cloud systems engineer secure products services enhance security threat detection reliability improve deployment software updates develop mitigation technologies maintain digital security infrastructure network products services provide security tools firewalls anti-virus advanced security information. financial services health care government requirements engineer products."
}
{
    "_id": "MSFT20230353",
    "title": "",
    "text": "measures products services reduce operating margins. fail security vulnerabilities data corruption reduced performance harm reputation purchases use competing. Customers spend protecting systems delay adoption additional products services. Customers fail update run software install security patches adopt security practices. affect reputation revenue. vulnerabilities lead claims. license agreements exposure liability no assurance legal challenges. enter agreements larger liability exposure."
}
{
    "_id": "MSFT20230354",
    "title": "",
    "text": "products on third parties. security vulnerability exploit increased costs liability claims reduced revenue harm reputation position."
}
{
    "_id": "MSFT20230355",
    "title": "",
    "text": "Disclosure misuse of personal data could liability harm reputation. grow cloud-based offerings store process large amounts personal data. high-profile data breaches environment hostile to information security. security controls possible controls training practices may not prevent improper disclosure misuse data. third parties access may use unauthorized. Improper disclosure misuse could harm reputation legal exposure liability increased costs loss revenue. software products services enable store process personal data on-premises cloud-based environment. Government authorities require produce data. advocate for transparency limitations on government authority disclosure. data collection could inhibit sales limit adoption cloud-based solutions. Additional security measures constraints flexibility may cause higher operating expenses growth."
}
{
    "_id": "MSFT20230356",
    "title": "",
    "text": "protect information products. LinkedIn Microsoft products services contain valuable information protected by contractual restrictions technical measures. commitments limit access. Changes law weaken prevent third parties scraping information bots value products services."
}
{
    "_id": "MSFT20230357",
    "title": "",
    "text": "harm reputation engagement."
}
{
    "_id": "MSFT20230361",
    "title": "",
    "text": "platform products services content ads influenced by third parties GitHub LinkedIn Microsoft Advertising Microsoft News Store Bing Xbox reputation user engagement activity hostile inappropriate. users impersonating AI technologies misleading use terms service objectionable illegal ends. Preventing investments people technology business financial statements."
}
{
    "_id": "MSFT20230363",
    "title": "",
    "text": "hosted consumer enterprise services generate harmful content law. discover content scale conflicting legal frameworks. content reputation brands engagement. Regulations initiatives harmful content enacted expect continue. enhanced regulatory oversight liability reputational damage content moderation business financial statements."
}
{
    "_id": "MSFT20230364",
    "title": "",
    "text": "IoT presents security privacy execution risks. intelligent cloud developing products services technologies IoT. potential risks. products services contain defects design insecure ineffective. IoT solution layers hardware sensors processors software firmware. security. devices limited interfaces. collect data satisfy regulatory requirements. affect health safety. violate law harm legal claims enforcement actions. risks increase costs damage reputation brands impact revenues margins."
}
{
    "_id": "MSFT20230367",
    "title": "",
    "text": "development AI reputational competitive harm liability. building AI into offerings productivity services making available for customers. AI developed by Microsoft OpenAI. expect business grow. envision future AI cloud helps. AI presents risks challenges. algorithms training methodologies. Datasets overbroad insufficient biased information. Content offensive illegal harmful. Ineffective AI development deployment harm products services. review outputs required. implementation AI competitive harm regulatory action legal liability legislation data protection privacy intellectual property laws brand reputational harm. AI scenarios ethical issues impacts society. AI solutions unintended consequences usage controversial human rights privacy employment social issues brand reputational harm business financial statements."
}
{
    "_id": "MSFT20230369",
    "title": "",
    "text": "outages data losses disruptions online operations infrastructure. increasing traffic growth complexity demand more computing power. spend datacenters upgrade technology traffic. datacenters depend land energy networking supplies servers processing units. transition clean energy environmental regulations geopolitical disruptions. demands increase new products growth Bing Azure Microsoft 365 Teams Dynamics 365 OneDrive SharePoint Online Skype Xbox Outlook. AI. growing platform back-end hosting third parties. Maintaining expanding infrastructure expensive complex safety risks. Internet connectivity storage compute capacity robust reliable regulatory constraints. Inefficiencies failures loss data insufficient Internet connectivity power inadequate storage quality experience liability claims regulatory actions damage reputation loss users advertisers impact financial statements."
}
{
    "_id": "MSFT20230370",
    "title": "",
    "text": "experience quality supply problems. Xbox Surface complex defects. incur expenses lost revenue reputational harm recalls safety alerts liability claims prevent repairs."
}
{
    "_id": "MSFT20230371",
    "title": "",
    "text": "software products services experience quality reliability problems. software bugs defects. customers rely business functions workloads. products services interdependent. quality issues. defects cause reduced sales revenue damage reputation costs delays legal liability. license agreements exposure liability no legal challenge."
}
{
    "_id": "MSFT20230372",
    "title": "",
    "text": "limited suppliers device datacenter components. competitors use demand affect capacity. components delayed unavailable changes obtain replacement reduced sales inadequate datacenter capacity. Component shortages excess inventory price reductions increase cost revenue. Xbox consoles Surface devices datacenter servers hardware Asia disruptions revenue margins."
}
{
    "_id": "MSFT20230376",
    "title": "",
    "text": "Government regulatory limit products. scrutinize U. foreign competition laws. competition laws large markets EU U. S. China. jurisdictions allow anti-competitive conduct. federal state antitrust authorities business."
}
{
    "_id": "MSFT20230377",
    "title": "",
    "text": "European Commission scrutinizes design Microsoft products technologies formats interfaces protocols companies. Flagship Windows scrutiny EU competition laws."
}
{
    "_id": "MSFT20230378",
    "title": "",
    "text": "portfolio first-party devices OEM partners offer variety platforms. cooperate compete risk competition rules. Regulatory scrutiny may increase. foreign governments China arguments royalties intellectual property."
}
{
    "_id": "MSFT20230379",
    "title": "",
    "text": "Competition law actions court decisions fines hinder benefits software reducing attractiveness products revenue. New actions initiated using previous actions precedent. outcome actions affect us withdraw modify markets value assets monetize products consummate acquisition impose conditions."
}
{
    "_id": "MSFT20230380",
    "title": "",
    "text": "Laws regulations anti-corruption trade costs fines penalties reputational damage. Foreign Corrupt Practices Act anti-corruption laws prohibit payments accounting provisions require accurate books records internal controls. receive inquiries U. business activities. compliance Anti-Corruption Laws. cooperate. foreign. international regulatory complexity EU Whistleblower Directive 2021 compliance challenges. countries competition laws prohibit competitors. devote resources. international compliance programs policies training controls risk payments activity employees vendors agents may violate policies. failure Anti Laws fines penalties criminal sanctions prohibitions damage reputation."
}
{
    "_id": "MSFT20230383",
    "title": "",
    "text": "trade laws policies sanctions requirements affect operations U. S. Economic sanctions U. EU prohibit business with restricted entities. U. export controls restrict Microsoft products. import controls restrict information communication technologies government review transactions foreign. Supply chain regulations impact availability goods regulatory scrutiny. intense conflict sanctions trade restrictions trade negative impacts trade. Non-compliance reputational harm delays fines loss costs export privileges criminal sanctions."
}
{
    "_id": "MSFT20230384",
    "title": "",
    "text": "Laws regulations personal data impede services costs legal claims fines damage. growth Internet cloud services relies movement data across boundaries. Legal requirements collection storage handling transfer personal data evolve. EU-U. S. Data Privacy Framework transfers data EU U. S legal challenge requirements. EU data authorities block U. S. services. new rules restrictions increase cost complexity products."
}
{
    "_id": "MSFT20230385",
    "title": "",
    "text": "EU General Data Protection Regulation applies activities compliance obligations handling personal data. EU developing new requirements Digital Markets Act Digital Services Act Data Act rules data products services. Engineering efforts compliance involve expense diversion resources from. reduced demand products legal duties obligations offerings less attractive. Compliance depends on regulators. to regulatory enforcement actions penalties lawsuits reputational damage blockage data transfers loss customers. fines under GDPR increasing against large technology companies. Jurisdictions China India states U. S. adopted laws regulations collection handling transfer personal data."
}
{
    "_id": "MSFT20230386",
    "title": "",
    "text": "investment in data central to value services AI operational efficiency monetization perceptions quality. data regulatory developments return. legal analyses reviews inquiries requirements data sovereignty localization location movement collection use customer employee data management. Compliance laws data changes services costs lower revenue reduced efficiency difficulty foreign firms. Compliance data regulations limit features functionality jurisdictions. Failure penalties orders stop negative publicity diversion management time effort."
}
{
    "_id": "MSFT20230389",
    "title": "",
    "text": "legal requirements affect operations. subject to laws regulations U. S. globally including products online services user privacy telecommunications data storage advertising online content. define services regulated telecommunications services. trend additional data protection security law enforcement surveillance obligations. Regulators litigants assert collection management customer data with laws regulations tracking cookies. laws mandatory disclosure reporting diligence requirements. cybersecurity increase costs products. Compliance digital accessibility laws engineering. action emerging AI content moderation could increase costs restrict opportunity. EU AI Act considered increased costs opportunities."
}
{
    "_id": "MSFT20230390",
    "title": "",
    "text": "laws regulations business unclear change inconsistent. enforcement products services. Compliance with laws regulations costs changes products practices results. Noncompliance penalties. increasing pressure from advocacy groups regulators competitors customers stakeholders. products meet expectations requirements lose sales face regulatory legal actions."
}
{
    "_id": "MSFT20230391",
    "title": "",
    "text": "claims lawsuits against us adverse outcomes. subject. from business practices product releases AI services business transactions warranty claims employment practices regulation. Adverse outcomes damages relief affect business. litigation uncertainties view may change. adverse impact financial statements unfavorable outcome probable."
}
{
    "_id": "MSFT20230392",
    "title": "",
    "text": "business with government customers uncertainties. revenue from government contracts. contracts risks challenges private. to audits investigations suspended incur fines penalties contracts. agreements terminate higher liability. contracts funding approval reductions cancellations delays impact demand. impact financial condition reputation."
}
{
    "_id": "MSFT20230393",
    "title": "",
    "text": "additional tax liabilities. subject to income taxes U. S. foreign jurisdictions. judgment worldwide provision income taxes. transactions tax determination uncertain. compliance 2017 United States Tax Cuts and Jobs Act future changes require collection information estimates financial judgment. regulations results differ affect financial statements."
}
{
    "_id": "MSFT20230394",
    "title": "",
    "text": "under audit tax. provision income taxes estimates reasonable disagree. economic pressures increase tax revenue tax disputes difficult. under Internal Revenue Service audit prior tax years unresolved issues transfer pricing. final resolution differ consolidated financial statements affect."
}
{
    "_id": "MSFT20230397",
    "title": "",
    "text": "earn income outside U. S. change earnings losses differing tax rates changes business structure disputes tax agreements higher tax rates. changes U. S. federal state international tax laws law. taxing jurisdictions’ impact financial statements."
}
{
    "_id": "MSFT20230399",
    "title": "",
    "text": "face risks protection intellectual property business results. Protecting rights combating unlicensed copying difficult. absence harmonized patent laws respect rights."
}
{
    "_id": "MSFT20230400",
    "title": "",
    "text": "Changes law weaken prevent patented technology collect revenue. licensees fail royalties contest. increasing engagement open source software license intellectual property rights broadly. If property revenue affected."
}
{
    "_id": "MSFT20230401",
    "title": "",
    "text": "Source code commands operating systems critical to business. leaks lose trade secret protection. third parties functionality affect revenue results. Unauthorized disclosure security risks."
}
{
    "_id": "MSFT20230402",
    "title": "",
    "text": "parties claim infringe intellectual property. claim infringe. resolve claims enter royalty licensing agreements stop selling redesign products pay damages commitments. Adverse outcomes include monetary damages injunctive relief importing selling. paid settle claims procure rights risk continue."
}
{
    "_id": "MSFT20230407",
    "title": "",
    "text": "reputation brands damaged business results harmed. globally recognized important business. affect customers. include product safety quality environmental impact sustainability supply chain practices human rights record. backlash customers government groups employees decisions policy. Damage new features products services terms. scrutiny privacy data content. security breaches compliance failures actions partners employees."
}
{
    "_id": "MSFT20230408",
    "title": "",
    "text": "social media likelihood negative brand events. brands damaged impact revenues margins qualified employees."
}
{
    "_id": "MSFT20230409",
    "title": "",
    "text": "conditions harm business. Worsening inflation recession lower IT spending revenue. demand PCs servers devices spending revenue."
}
{
    "_id": "MSFT20230410",
    "title": "",
    "text": "product distribution system partner retail network. OEMs building. economic conditions bankruptcy distributor sales channel disruption."
}
{
    "_id": "MSFT20230413",
    "title": "",
    "text": "economic conditions impair customers pay products. doubtful accounts write-offs increase."
}
{
    "_id": "MSFT20230414",
    "title": "",
    "text": "maintain investment portfolio holdings maturities. subject to credit liquidity market interest rate risks exacerbated market downturns global markets. U. S. government securities. markets decline. government credit rating default debt portfolio impairment charges financial statements."
}
{
    "_id": "MSFT20230415",
    "title": "",
    "text": "Catastrophic events disrupt business. earthquake weather cyberattack terrorist pandemic delays sales services functions. corporate headquarters research development business operations Seattle Washington Silicon Valley California seismically active regions. catastrophic event critical business IT systems infrastructure power harm normal business operations. services solutions cloud resilience business continuity management impact service outages financial statements."
}
{
    "_id": "MSFT20230416",
    "title": "",
    "text": "political change terrorist activity armed conflict Ukraine risk economic disruption increase operating costs impact. uncertainty technology investment decisions supply disruptions hardware. Geopolitical change regulatory systems market interventions operating strategies access markets hiring profitability. Geopolitical instability sanctions. impact revenues."
}
{
    "_id": "MSFT20230417",
    "title": "",
    "text": "regional epidemics global pandemic COVID-19 affect operations financial condition results. pandemics business duration business actions impact economic activity recession financial instability. Measures pandemic intensify risks."
}
{
    "_id": "MSFT20230418",
    "title": "",
    "text": "incur costs. unsuccessful impact revenues cash flows market reputation."
}
{
    "_id": "MSFT20230421",
    "title": "",
    "text": "long-term effects climate change economy IT industry unclear. Environmental regulations changes energy affect cost goods services. Changes climate increase costs powering cooling hardware."
}
{
    "_id": "MSFT20230422",
    "title": "",
    "text": "global business exposes operational economic risks. customers revenue international sales. creates operational economic geopolitical risks. developments monetary policy inflation recession political military disputes. growth strategy includes markets risks deterioration social political labor economic conditions difficulties staffing operations. nationalist protectionist trends concerns rights alter trade commercial environments. policy populism protectionism nationalism tariffs restrictions export controls investment restrictions. Disruptions markets impact demand increase costs. international currency exposure fluctuations foreign exchange rates. affect."
}
{
    "_id": "MSFT20230424",
    "title": "",
    "text": "business depends on talented employees. diverse backgrounds experiences skill sets. market for skilled workers leaders competitive. Maintaining brand reputation diverse work environment important. limited internationally by restrictive domestic immigration laws. Changes. immigration policies talent may inhibit research development. less successful recruiting skilled workers leaders products services. succession planning important success. transfer knowledge transitions hinder strategic planning. employment-related laws increased operating costs less flexibility. global workforce predominantly non-unionized some employees. represented by unions. increase in workers form union. unionization could higher costs operational changes."
}
{
    "_id": "MSFT20230427",
    "title": "",
    "text": "received no comments Securities Exchange Commission 180 fiscal year 2023 unresolved."
}
{
    "_id": "MSFT20230429",
    "title": "",
    "text": "headquarters Redmond Washington. 16 million square feet King County engineering sales marketing operations. 11 million feet 530 acres 5 million square feet."
}
{
    "_id": "MSFT20230430",
    "title": "",
    "text": "own lease facilities offices datacenters research development. properties China India Ireland Netherlands. leased Australia Canada China France Israel Japan United Kingdom. Research Development Item Form 10-K."
}
{
    "_id": "MSFT20230431",
    "title": "",
    "text": "fiscal year 2023 consolidate office leases higher density real estate needs."
}
{
    "_id": "MSFT20230437",
    "title": "",
    "text": "table square footage properties owned leased June 30, 2023 feet millions Location. International"
}
{
    "_id": "MSFT20230439",
    "title": "",
    "text": "Note 15 Financial Statements 8 Form 10-K legal proceedings."
}
{
    "_id": "MSFT20230443",
    "title": "",
    "text": "."
}
{
    "_id": "MSFT20230444",
    "title": "",
    "text": "EQUITY STOCKHOLDER EQUITY SECURITIES"
}
{
    "_id": "MSFT20230446",
    "title": "",
    "text": "stock traded NASDAQ MSFT. July 2023 83,883 holders."
}
{
    "_id": "MSFT20230454",
    "title": "",
    "text": "monthly share repurchases fourth quarter fiscal 2023 Shares Purchased Price Paid Plans Programs Dollar Value Shares millions April 1 2023 30,.,467 May 1 May 31,,355,638. June 1, 30,,960.,777,254"
}
{
    "_id": "MSFT20230455",
    "title": "",
    "text": "share repurchases cash. market Rule 10b5-1 trading plan. excludes shares tax withholding."
}
{
    "_id": "MSFT20230459",
    "title": "",
    "text": "Board declared dividends fourth quarter 2023 Declaration Share June 13, 17, 14."
}
{
    "_id": "MSFT20230462",
    "title": "",
    "text": "returned $9. 7 billion repurchases dividends quarter 2023. Note 16 Stockholders’ Equity Statements Form 10-K."
}
{
    "_id": "MSFT20230466",
    "title": "",
    "text": "DISCUSSION FINANCIAL RESULTS"
}
{
    "_id": "MSFT20230467",
    "title": "",
    "text": "Management’s Discussion Analysis Financial Condition Results Operations understand Microsoft Corporation. consolidated financial statements Notes II Item 8 Form 10-K. discusses results June 30 2023 2022. 2022 2021 Part II Item 7 Discussion Analysis Financial Condition Results Annual Report Form 10-K June 30 2022."
}
{
    "_id": "MSFT20230469",
    "title": "",
    "text": "Microsoft organization. local opportunity growth impact. creating platforms tools better faster solutions business competitiveness improve educational health outcomes public-sector efficiency empower ingenuity."
}
{
    "_id": "MSFT20230470",
    "title": "",
    "text": "generate revenue cloud solutions content services software online advertising designing selling devices. expenses compensating employees cloud services designing manufacturing marketing selling income taxes."
}
{
    "_id": "MSFT20230482",
    "title": "",
    "text": "2023 Cloud revenue increased 22% $111. 6 billion. Commercial 10% growth 13%. Consumer 2% subscribers 67. million. 10%. 16% 24%. 19% Azure growth 29%. decreased 25%. revenue decreased 24%. Commercial increased 5%. decreased 3%. news advertising increased 11%."
}
{
    "_id": "MSFT20230486",
    "title": "",
    "text": "industry dynamic competitive changes technologies business models. shift new products technologies ideas business. Microsoft push boundaries research development changing demands industry trends competitive forces."
}
{
    "_id": "MSFT20230488",
    "title": "",
    "text": "markets for software devices cloud services dynamic competitive. competitors developing software devices deploying services. devices form factors evolve choice. demand for to global macroeconomic geopolitical factors dynamic. evolve adapt changing environment."
}
{
    "_id": "MSFT20230489",
    "title": "",
    "text": "investments in cloud AI infrastructure increase costs decrease margins. expand datacenter locations increase server capacity growing demand AI. datacenters depend on land energy networking servers units. devices manufactured by third-party contract manufacturers. use other manufacturers if vendor unavailable. some contain components few qualified suppliers. disruptions impact."
}
{
    "_id": "MSFT20230490",
    "title": "",
    "text": "success qualified employees. hire university industry talent worldwide. compete exceptional environment reach resources grow career competitive compensation benefits."
}
{
    "_id": "MSFT20230491",
    "title": "",
    "text": "international operations revenue expenses. dollar changes foreign exchange rates affect revenue expenses. Fluctuations. dollar revenue expenses fiscal year 2023."
}
{
    "_id": "MSFT20230492",
    "title": "",
    "text": "January 18, 2023 cost revenue demand prioritize investments consolidate office space. recorded $1. 2 billion charge second quarter employee severance expenses $800 million impairment charges hardware lease consolidation. reduced workforce 10,000 jobs less than 5% employee base. eliminated strategic. allocating capital talent growth divesting. consolidating leases higher density impacted financial results decisions real estate needs."
}
{
    "_id": "MSFT20230493",
    "title": "",
    "text": "Risk Factors Item 1A Form 10-K."
}
{
    "_id": "MSFT20230495",
    "title": "",
    "text": "revenue quarterly higher second fourth quarters. Second driven-end spending holiday season spending fourth multi-year-premises contracts."
}
{
    "_id": "MSFT20230499",
    "title": "",
    "text": "July 2022 completed assessment lives server network equipment. investments software advances technology increase estimated lives four six years. effective 2023. June 2022 operating income $3. 7 billion net income $3. 0 billion $0. 40 per basic diluted share."
}
{
    "_id": "MSFT20230501",
    "title": "",
    "text": "report financial performance Productivity Processes Intelligent Cloud Personal Computing. segment amounts MD&A internal management reporting. amounts."
}
{
    "_id": "MSFT20230502",
    "title": "",
    "text": "Note 19 Segment Data Financial Statements Item 8 Form 10-K."
}
{
    "_id": "MSFT20230504",
    "title": "",
    "text": "use metrics performance business decisions allocation resources. disclose metrics progress transparency evolution products. commercial business metrics customers. disclosed MD&A Notes Financial Statements II Item 8 Form 10-K. metrics calculated results accounting principles growth comparisons last fiscal year."
}
{
    "_id": "MSFT20230505",
    "title": "",
    "text": "first quarter fiscal 2023 updates calculation metrics expanding Surface Devices metric revenue minor changes businesses."
}
{
    "_id": "MSFT20230507",
    "title": "",
    "text": "commercial business Server cloud services Office Windows LinkedIn Enterprise Services Dynamics. metrics indicators future performance."
}
{
    "_id": "MSFT20230508",
    "title": "",
    "text": "Commercial performance obligation obligations unearned revenue invoiced future"
}
{
    "_id": "MSFT20230509",
    "title": "",
    "text": "Cloud Azure Office 365 LinkedIn Dynamics 365 properties"
}
{
    "_id": "MSFT20230512",
    "title": "",
    "text": "Microsoft Cloud margin percentage"
}
{
    "_id": "MSFT20230521",
    "title": "",
    "text": "Metrics Productivity Business Processes Intelligent Cloud assess businesses. metrics reflect cloud on-premises strategies trends. Office Commercial cloud services revenue growth services 365 on Office Exchange SharePoint Teams Security Compliance Viva Copilot Office Consumer services Microsoft 365 on-premises Commercial seat growth Commercial seats Dynamics cloud services revenue cloud applications ERP CRM Power Apps Automate on-premises CRM LinkedIn revenue growth Solutions Marketing Server products cloud services Azure SQL Server Windows Server Visual Studio System Center Client Access Licenses Nuance GitHub"
}
{
    "_id": "MSFT20230530",
    "title": "",
    "text": "Metrics Personal Computing segment. product insights commercial consumer businesses. target audiences sales motions metrics. Windows OEM revenue growth Pro non-Pro licenses Commercial products cloud services volume licensing cloud services Devices revenue growth Surface HoloLens PC accessories Xbox content services revenue-party content Game Pass subscriptions Cloud Gaming advertising disc royalties services Search news advertising revenue costs Bing Ads publishers partners"
}
{
    "_id": "MSFT20230541",
    "title": "",
    "text": "millions percentages share Revenue,270 Gross margin Operating income,383 Net income,361,738 earnings share. gross margin,204 operating income,383 net income,307,447 earnings share."
}
{
    "_id": "MSFT20230542",
    "title": "",
    "text": "Adjusted gross margin net income diluted earnings non-GAAP. exclude Q2 charge severance expenses impairment charges hardware lease consolidation. Prior exclude income tax transfer intangible properties 2022. Note 12 Income Taxes Form 10-K. Non-GAAP Measures reconciliation non-GAAP."
}
{
    "_id": "MSFT20230544",
    "title": "",
    "text": "Revenue increased. billion 7% Intelligent Cloud Productivity Business Processes Computing. Cloud Azure. Office 365 Commercial LinkedIn. Computing Windows Devices."
}
{
    "_id": "MSFT20230545",
    "title": "",
    "text": "revenue $3. billion Microsoft Cloud accounting."
}
{
    "_id": "MSFT20230548",
    "title": "",
    "text": "margin increased $10. 4 billion 8% growth Intelligent Cloud Productivity Business Processes accounting decline More Personal Computing. percentage increased. decreased 1 point declines Intelligent Cloud sales shift. Cloud increased 2 72%. decreased decline Azure sales Office 365 Commercial."
}
{
    "_id": "MSFT20230549",
    "title": "",
    "text": "expenses increased. severance growth Nuance Xandr cloud LinkedIn."
}
{
    "_id": "MSFT20230550",
    "title": "",
    "text": "income increased. billion 6% Productivity Processes Cloud accounting Personal Computing."
}
{
    "_id": "MSFT20230551",
    "title": "",
    "text": "Revenue margin income foreign currency 4% 6%. expenses foreign currency 2%."
}
{
    "_id": "MSFT20230554",
    "title": "",
    "text": "margin diluted EPS Q2 charge $152 million $1. billion $946 million. year income EPS tax benefit transfer intangible properties EPS $3. billion."
}
{
    "_id": "MSFT20230566",
    "title": "",
    "text": "millions Revenue Productivity,274,364 Intelligent Cloud,965 Personal Computing,734 Total,270 Operating Income,189,690 Intelligent Cloud,884,203 Personal Computing,450,490 Total,383"
}
{
    "_id": "MSFT20230574",
    "title": "",
    "text": "increased $5. 9 billion. Commercial $3. 7 billion 10%. 13% 11%. declined 21% cloud. Consumer $140 million 2%. 12% 67. million. $1. 3 billion 10% Talent Solutions. $750 million 16% 365 24%."
}
{
    "_id": "MSFT20230577",
    "title": "",
    "text": "income increased $4. 5 billion 15%. margin increased $5. 8 billion 12% Office 365 Commercial LinkedIn. 365 cloud. expenses $1. 3 billion 7% LinkedIn severance."
}
{
    "_id": "MSFT20230578",
    "title": "",
    "text": "Revenue income foreign currency 5% 8%."
}
{
    "_id": "MSFT20230584",
    "title": "",
    "text": "Revenue increased $12. 9 billion 17%. increased $12. 6 billion 19%. 29% consumption. decreased 1%. increased $315 million 4% Industry."
}
{
    "_id": "MSFT20230587",
    "title": "",
    "text": "income increased $4. 7 billion 14%. margin increased $8. 9 billion 17% Azure accounting. 3 sales. expenses increased $4. 2 billion 21% Azure Nuance severance expenses."
}
{
    "_id": "MSFT20230588",
    "title": "",
    "text": "Revenue income foreign currency 4% 6%. expenses currency 2%."
}
{
    "_id": "MSFT20230594",
    "title": "",
    "text": "Revenue decreased $5. 2 billion. decreased $3. 2 billion 13%. 25% inventory. increased 5% 365. revenue decreased $1. 8 billion 24%. revenue decreased $764 million 5% Xbox hardware content services. 11% volume price. 3% first content Game Pass. advertising increased $617 million 5%. 11% volume Xandr acquisition."
}
{
    "_id": "MSFT20230597",
    "title": "",
    "text": "income $4. billion 20%. margin $4. 2 billion 13% Windows Devices. expenses decreased $195 million 2% Search 2 Xandr."
}
{
    "_id": "MSFT20230600",
    "title": "",
    "text": "Revenue income currency 3% 4% 6%. expenses 2%."
}
{
    "_id": "MSFT20230605",
    "title": "",
    "text": "millions percentages Change Research development,195 percent revenue"
}
{
    "_id": "MSFT20230606",
    "title": "",
    "text": "development expenses include payroll benefits stock compensation. third-party amortization software services."
}
{
    "_id": "MSFT20230608",
    "title": "",
    "text": "expenses $2. billion cloud LinkedIn."
}
{
    "_id": "MSFT20230612",
    "title": "",
    "text": "millions percentages Change Sales marketing,759 percent revenue"
}
{
    "_id": "MSFT20230613",
    "title": "",
    "text": "marketing expenses payroll benefits stock compensation advertising promotions seminars programs."
}
{
    "_id": "MSFT20230615",
    "title": "",
    "text": "marketing expenses increased $934 million 4% Nuance Xandr Windows advertising. foreign currency 2%."
}
{
    "_id": "MSFT20230619",
    "title": "",
    "text": "millions percentages Change administrative,900 percent revenue"
}
{
    "_id": "MSFT20230620",
    "title": "",
    "text": "expenses include payroll benefits stock compensation severance finance legal facilities human resources taxes fees."
}
{
    "_id": "MSFT20230624",
    "title": "",
    "text": "expenses increased $1. billion 28% severance Irish Data Protection Commission. currency 2%."
}
{
    "_id": "MSFT20230635",
    "title": "",
    "text": "income millions Ended June 30 Interest dividends income,994 Interest expense gains investments losses derivatives gains foreign currency remeasurements(75 Other Total"
}
{
    "_id": "MSFT20230636",
    "title": "",
    "text": "derivative instruments risks currencies equity prices interest rates enhance returns diversification. Gains losses recognized."
}
{
    "_id": "MSFT20230638",
    "title": "",
    "text": "Interest dividends higher yields portfolio balances. Interest expense debt. gains decreased gains equity losses fixed. losses derivatives investments."
}
{
    "_id": "MSFT20230641",
    "title": "",
    "text": "tax rate 2023 2022 19% 13%. increase $3. billion benefit 2022 transfer intangible decrease stock-based compensation."
}
{
    "_id": "MSFT20230642",
    "title": "",
    "text": "2022 transferred properties Puerto Rico U. $3. 3 billion net income tax benefit future. tax deductions exceeded current tax liability."
}
{
    "_id": "MSFT20230643",
    "title": "",
    "text": "tax rate lower. federal due earnings taxed foreign jurisdictions producing products Ireland."
}
{
    "_id": "MSFT20230644",
    "title": "",
    "text": ". foreign impacted tax rate demand. 2023. income $52. 9 billion foreign income $36. 4 billion. 2022. income $47. 8 billion foreign $35. 9 billion."
}
{
    "_id": "MSFT20230648",
    "title": "",
    "text": "settled Internal Revenue audit 2004 2006 2011. 2012, withdrew 2011 Revenue Agents Report reopened audit. settled 2007 2009 2016, 2010 2013 2018. 2021 settled 2004 2013 payment $1. 7 billion tax interest. audit 2004 to 2017."
}
{
    "_id": "MSFT20230649",
    "title": "",
    "text": "June 30, 2023 unresolved issues IRS transfer pricing financial statements. allowances income tax contingencies adequate. proposed assessment transfer pricing issues. final resolution 12 months. increase tax contingencies 12 months."
}
{
    "_id": "MSFT20230650",
    "title": "",
    "text": "subject income tax jurisdictions outside U. S. operations 1996 to 2022 audit. resolution not financial statements."
}
{
    "_id": "MSFT20230652",
    "title": "",
    "text": "Adjusted gross margin operating income net income diluted EPS non-GAAP measures. Current exclude Q2 charge employee severance expenses impairment charges hardware lease consolidation. Prior exclude income tax benefit transfer intangible properties 2022.-GAAP measures aid trends. considers non-GAAP measures GAAP results. GAAP."
}
{
    "_id": "MSFT20230668",
    "title": "",
    "text": "table results GAAP non-GAAP millions percentages share amounts Gross margin hardware lease consolidation costs Adjusted margin-GAAP,204 Operating income,383 costs Adjusted income-GAAP,383 Net income,361,738 lease consolidation costs income tax benefit transfer Adjusted net income-GAAP,307,447 Diluted earnings per share. lease consolidation costs. tax benefit transfer. Adjusted diluted earnings per share-GAAP."
}
{
    "_id": "MSFT20230671",
    "title": "",
    "text": "."
}
{
    "_id": "MSFT20230673",
    "title": "",
    "text": "expect cash equivalents investments flows capital markets commitments dividends share repurchases debt maturities capital expenditures transition tax 12 months foreseeable future."
}
{
    "_id": "MSFT20230675",
    "title": "",
    "text": "Cash equivalents short-term investments $111. 3 billion $104. 8 billion June 30 2023 2022. Equity investments $9. 9 billion $6. 9 billion 2023 2022. liquidity capital preservation. liquid securities diversified issuers. U. dollar foreign. exposed interest rate credit. settlement risk insignificant."
}
{
    "_id": "MSFT20230677",
    "title": "",
    "text": "use quoted prices fair value financial instruments. Level 1 investments. securities stock mutual funds. If use. Level 2 investments commercial paper certificates deposit. securities foreign bonds mortgage securities corporate notes bonds municipal securities. Level 3 investments valued models unobservable inputs. Assets measured unobservable inputs immaterial portfolio."
}
{
    "_id": "MSFT20230678",
    "title": "",
    "text": "investments priced by vendors Level 1 or 2 provide quoted market price or observable inputs adjustments. Broker pricing quoted price not available not fair values. broker-priced investments Level 2 similar assets without adjustments. trading volume fair values appropriate. fair value processes include controls values. model validation review inputs analysis-over fluctuations independent recalculation."
}
{
    "_id": "MSFT20230682",
    "title": "",
    "text": "operations decreased $1. billion $87. 6 billion 2023. financing decreased $14. billion $43. billion $10. billion common stock repurchases $6. billion repayments debt $1. billion dividends. investing decreased. billion $22. billion $20. 4 billion purchases $8. 2 billion sales $4. 2 billion property equipment."
}
{
    "_id": "MSFT20230684",
    "title": "",
    "text": "issue debt pricing liquidity credit rating low interest. proceeds corporate purposes capital expenditures repurchases acquisitions repayment debt. Note 11 Debt Statements Item 8 Form 10-K."
}
{
    "_id": "MSFT20230686",
    "title": "",
    "text": "Unearned revenue volume licensing programs Software Assurance cloud services. invoiced annually recognized. payments offerings paid advance revenue control. Note 1 Accounting Policies Financial Statements II Item 8 Form 10-K."
}
{
    "_id": "MSFT20230695",
    "title": "",
    "text": "table unearned revenue June 30 2023 September 30,673 December 31,,600 March,801 June 30,813"
}
{
    "_id": "MSFT20230696",
    "title": "",
    "text": "customers license cloud revenue transaction subscription or consumption. Note 13 Unearned Revenue Notes Financial Statements (Part II Item 8 Form 10-K."
}
{
    "_id": "MSFT20230707",
    "title": "",
    "text": "table summarizes payments obligations June 30, 2023 Long-term debt Principal payments,250,866 Interest,746,125 Construction commitments,237 Operating leases,852 Purchase commitments,115,557,547,104"
}
{
    "_id": "MSFT20230708",
    "title": "",
    "text": "Note 11 Debt Statements 8 10-K."
}
{
    "_id": "MSFT20230709",
    "title": "",
    "text": "Note 7 Property Equipment Financial Statements 8."
}
{
    "_id": "MSFT20230710",
    "title": "",
    "text": "Note 14 Financial Statements 8 10-K."
}
{
    "_id": "MSFT20230713",
    "title": "",
    "text": "commitments datacenters orders take-or-pay contracts construction."
}
{
    "_id": "MSFT20230715",
    "title": "",
    "text": "TCJA-time tax deferred foreign income. eight years 8% first five 15% six 20% 25% eight. paid $7. billion $1. billion 2023. remaining $10. billion three years $2. billion 12 months."
}
{
    "_id": "MSFT20230716",
    "title": "",
    "text": "2023 paid tax $4. billion research TCJA July 1 2022."
}
{
    "_id": "MSFT20230718",
    "title": "",
    "text": "2023 2022 69 95 $18. billion $28. billion. June 30 2023 $22. 3 billion $60 billion repurchase. Note 16 Stockholders’ Equity 10-K."
}
{
    "_id": "MSFT20230720",
    "title": "",
    "text": "2023 2022 Board Directors declared dividends. 68. 62 $20. 2 billion $18. 6 billion. returning dividends. Note 16 Stockholders’ Equity 10-K."
}
{
    "_id": "MSFT20230722",
    "title": "",
    "text": "January 18, 2022 Activision Blizzard. $95. 00 per share-cash $68. 7 billion net cash. approved shareholders. transaction regulatory approvals conditions. extend merger agreement October 18, 2023 concerns."
}
{
    "_id": "MSFT20230723",
    "title": "",
    "text": "sales marketing infrastructure technology acquisitions strategy. Additions property equipment facilities datacenters computer systems research sales marketing administrative staff. expect capital expenditures increase cloud AI infrastructure. leases datacenters corporate offices research facilities Microsoft Experience Centers equipment. transactions liquidity capital."
}
{
    "_id": "MSFT20230727",
    "title": "",
    "text": "consolidated financial statements GAAP. estimates assumptions assets liabilities revenue expenses. Critical accounting estimates uncertainty financial condition. revenue recognition goodwill research costs legal contingencies income taxes inventories."
}
{
    "_id": "MSFT20230729",
    "title": "",
    "text": "contracts include promises transfer products services. Determining obligations judgment. cloud-based service includes software licenses cloud services judgment software. cloud services primarily Office 365 depend on integration between desktop applications cloud services accounted together obligation. Revenue from Office 365 recognized over."
}
{
    "_id": "MSFT20230730",
    "title": "",
    "text": "Judgment stand selling price performance obligation. single amount SSP not sold separately on-premises licenses software updates. range amounts estimate SSP products separately discount SSP."
}
{
    "_id": "MSFT20230731",
    "title": "",
    "text": "SSP not observable separately determine SSP market conditions observable inputs. more than one SSP products services stratification. use size customer geographic region SSP."
}
{
    "_id": "MSFT20230732",
    "title": "",
    "text": "benefits SA program judgment assess pattern delivery benefits portfolio customers."
}
{
    "_id": "MSFT20230733",
    "title": "",
    "text": "products sold right return provide credits incentives estimate customer usage variable consideration revenue. Returns credits estimated contract inception updated end information. Changes estimated material periods."
}
{
    "_id": "MSFT20230735",
    "title": "",
    "text": "review debt investments quarterly credit losses impairment. cost exceeds fair value market conditions credit quality fair value cost. judgment. systematic methodology evidence. adverse conditions financial health business. plans sell decline fair value below cost recorded impairment charge new cost basis. market industry investee conditions deteriorate incur impairments."
}
{
    "_id": "MSFT20230738",
    "title": "",
    "text": "Equity investments without values written impaired less than value. perform assessment. estimate fair value determine impairment loss. impaired impairment charge recorded in income."
}
{
    "_id": "MSFT20230740",
    "title": "",
    "text": "allocate goodwill units business combination. evaluate units reassign goodwill fair value allocation approach. Goodwill tested for impairment unit level (May 1) reduce fair value unit below. business climate legal factors operating performance indicators competition sale disposition portion unit."
}
{
    "_id": "MSFT20230741",
    "title": "",
    "text": "goodwill impairment test requires judgment identification units assignment assets liabilities goodwill fair value. estimated discounted cash flow methodology. requires judgments future cash flows forecasts long-term growth useful life weighted average cost capital."
}
{
    "_id": "MSFT20230742",
    "title": "",
    "text": "estimates fair value unit change results market conditions. Changes affect fair value goodwill impairment."
}
{
    "_id": "MSFT20230744",
    "title": "",
    "text": "Costs researching developing charged until technological feasibility established. costs capitalized until available. Judgment required feasibility. feasibility reached after high-risk issues resolved coding testing. before products production. amortization costs included in revenue."
}
{
    "_id": "MSFT20230748",
    "title": "",
    "text": "outcomes of legal proceedings claims uncertainty. estimated loss from contingency accrued by charge to income if asset impaired liability incurred estimated. loss probability unfavorable outcome ability estimate loss. Changes impact financial statements."
}
{
    "_id": "MSFT20230750",
    "title": "",
    "text": "objectives accounting taxes taxes payable current deferred tax liabilities assets future tax consequences recognized financial statements tax returns. tax benefit uncertain tax position sustained. tax benefits measured largest benefit 50% likelihood settlement. literature derecognition classification deferred tax assets liabilities accounting interest penalties disclosures. Judgment required future tax consequences consolidated financial statements. Variations impact financial statements."
}
{
    "_id": "MSFT20230754",
    "title": "",
    "text": "Inventories average cost net realizable value. materials labor overhead. value selling price less completion disposal transportation. review inventory quantities future commitments estimated utility. demand forecasts cycle sales pricing strategy cost trends. reduction utility inventory new cost."
}
{
    "_id": "MSFT20230756",
    "title": "",
    "text": "Management responsible consolidated financial statements information report. estimates judgments prepared accounting principles United States."
}
{
    "_id": "MSFT20230757",
    "title": "",
    "text": "Company designs maintains accounting control systems assurance assets unauthorized financial records reliable statements accountability. augmented policies organizational structure selection training internal audits."
}
{
    "_id": "MSFT20230758",
    "title": "",
    "text": "Company engaged Deloitte Touche audit consolidated statements Public Company Accounting Oversight Board."
}
{
    "_id": "MSFT20230759",
    "title": "",
    "text": "Board Directors meets management auditors accounting firm internal controls financial reporting. Deloitte & Touche LLP auditors access Audit Committee."
}
{
    "_id": "MSFT20230770",
    "title": "",
    "text": "exposed economic risk interest credit equity prices. impact financial statements."
}
{
    "_id": "MSFT20230772",
    "title": "",
    "text": "transactions assets liabilities foreign currency risk. monitor. Euro Japanese yen British pound Canadian Australian dollar."
}
{
    "_id": "MSFT20230774",
    "title": "",
    "text": "Securities portfolio interest rate risks. manage average maturity returns global indices."
}
{
    "_id": "MSFT20230776",
    "title": "",
    "text": "fixed-income portfolio diversified investment securities. manage credit."
}
{
    "_id": "MSFT20230778",
    "title": "",
    "text": "Securities equity risk."
}
{
    "_id": "MSFT20230789",
    "title": "",
    "text": "table potential loss future earnings values changes market rates prices millions Risk Categories Change 30, 2023 Foreign currency Revenue decrease Investments Interest. treasury interest rates Credit credit spreads Equity decrease equity prices(705"
}
{
    "_id": "MSFT20230816",
    "title": "",
    "text": "millions share Year Ended June 30 Revenue Product,732,074 Service,216,538,014 Total revenue,270 Product,064,219 Service,586,013,863,650,232 Gross margin Research development,195 Sales marketing,759,117 General administrative Operating income,383 Other income taxes,311,716,102 taxes,950,978 Net income,361,738,271 Earnings share Basic. average shares Basic"
}
{
    "_id": "MSFT20230819",
    "title": "",
    "text": "notes."
}
{
    "_id": "MSFT20230829",
    "title": "",
    "text": "millions Ended June 30 Net income,361,271 income net tax derivatives investments,444,360,266 Translation adjustments,146 comprehensive loss,665,500,374 Comprehensive income,696,238"
}
{
    "_id": "MSFT20230832",
    "title": "",
    "text": "notes."
}
{
    "_id": "MSFT20230874",
    "title": "",
    "text": "millions June 30 Cash Short-term investments,826,757 Accounts receivable $650 $633,261 Inventories,742 assets,684 Property equipment depreciation $68,251 $59,660,398 lease assets,148 Equity investments Goodwill Intangible assets,298 long-term assets Total assets Liabilities stockholders’ Accounts payable,095 long debt,749 Accrued compensation,661-term income taxes unearned revenue,538 liabilities,082 Long-term debt,032 income taxesrevenue Deferred taxes lease liabilities,489 liabilities,298 Commitments equity Common stock capital shares 24,000 outstanding 7,464 earnings,281 loss,343,678 equity,542 liabilities equity"
}
{
    "_id": "MSFT20230877",
    "title": "",
    "text": "notes."
}
{
    "_id": "MSFT20230918",
    "title": "",
    "text": "millions Ended June 30 Net income,361,738,271 Adjustments income Depreciation amortization,686 Stock compensation expense,118 losses investments derivatives Deferred income taxes(6,059,702 Changes operating assets liabilities Accounts receivable,087,834 Inventories assets assets,805 Accounts payable Unearned revenue Income taxes liabilities,149 Net cash,740 Cash premium debt exchange,754 Repayments debt,750,023 Common stockCommon stock repurchased(22,245(32,696(27,385 dividends,800#,135,006(863(769 cash financing(58,876(48,486 Additions property equipment(28,107(23,886(20,622 Acquisition cash purchases intangible assets,670(8,909 Purchases(37,651(26,456(62,924 Maturities,792 Sales,008,116(2,825(922 cash investing(22,680(30,311(27,577 foreign exchange rates cash equivalents#(141 Net change cash equivalents end,224"
}
{
    "_id": "MSFT20230921",
    "title": "",
    "text": "notes."
}
{
    "_id": "MSFT20230945",
    "title": "",
    "text": "millions share Ended June 30 Common stock paid,111,552 stock issued repurchased,696,688,539 Stock expense,118 net end period,111 Retained,566 Net income,271 Common stock cash dividends(20,226,552 stock repurchased,568,960(21,879 accounting changes end period,055 income (loss period,678,186 loss,665,500,374 accounting changes end period,343,678 stockholders’ equity,223,542,988 Cash dividends common share. 72. 24"
}
{
    "_id": "MSFT20230948",
    "title": "",
    "text": "notes."
}
{
    "_id": "MSFT20230952",
    "title": "",
    "text": "consolidated financial statements notes prepared accounting principles."
}
{
    "_id": "MSFT20230953",
    "title": "",
    "text": "recast prior period amounts current. consolidated balance sheets income cash flows."
}
{
    "_id": "MSFT20230955",
    "title": "",
    "text": "consolidated statements subsidiaries. Intercompany eliminated."
}
{
    "_id": "MSFT20230957",
    "title": "",
    "text": "financial statements estimates assets liabilities revenue expenses. revenue recognition obligations price variable returns refunds loss contingencies warranties value impairment goodwill product life cycles useful lives allowances doubtful accounts market value inventory stock-based compensation forfeiture rates technological feasibility uncertain tax positions impairments investments. results outcomes differ estimates risks uncertainties."
}
{
    "_id": "MSFT20230958",
    "title": "",
    "text": "July 2022 completed assessment lives server network equipment. investments software advances technology increase estimated lives four six years. effective 2023. June 2022 operating income $3. 7 billion net income $3. 0 billion $0. 40 per basic diluted share."
}
{
    "_id": "MSFT20230960",
    "title": "",
    "text": "Assets liabilities translated exchange rate balance. Revenue expenses translated rates. adjustments recorded income."
}
{
    "_id": "MSFT20230963",
    "title": "",
    "text": "revenue operating business software video games hardware PCs tablets gaming consoles devices accessories."
}
{
    "_id": "MSFT20230966",
    "title": "",
    "text": "revenue cloud Office 365 Azure Dynamics 365 Xbox support consulting. online advertising LinkedIn."
}
{
    "_id": "MSFT20230968",
    "title": "",
    "text": "Revenue recognized transfer control promised products services customers consideration. enter contracts combinations products services separate obligations. recognized net returns taxes remitted governmental authorities."
}
{
    "_id": "MSFT20230970",
    "title": "",
    "text": "Licenses for on-premises software provide customer right to use software. purchase perpetual or subscribe same functionality duration. Revenue from licenses recognized upfront software available. revenue to software updates charge revenue recognized over life device license."
}
{
    "_id": "MSFT20230971",
    "title": "",
    "text": "licensing programs Enterprise Agreements on-premises licenses Software Assurance. conveys rights new software upgrades provides support training. licenses performance obligations SA. Revenue SA recognized benefits obligations."
}
{
    "_id": "MSFT20230972",
    "title": "",
    "text": "Cloud services use hosted software without provided subscription or consumption. Revenue subscription recognized over contract period. consumption storage recognized customer utilization. services require significant integration interdependency components not distinct revenue recognized over period provided."
}
{
    "_id": "MSFT20230973",
    "title": "",
    "text": "Revenue search advertising recognized action completed. consulting services recognized provided."
}
{
    "_id": "MSFT20230974",
    "title": "",
    "text": "hardware dependent on operating system function without. hardware software license single performance obligation revenue recognized ownership to resellers customers."
}
{
    "_id": "MSFT20230975",
    "title": "",
    "text": "Note 19 Segment Data product service."
}
{
    "_id": "MSFT20230979",
    "title": "",
    "text": "contracts include promises transfer products services. Determining obligations judgment. cloud-based service includes software licenses cloud services judgment software. cloud services primarily Office 365 depend on integration between desktop applications cloud services accounted together obligation. Revenue from Office 365 recognized over."
}
{
    "_id": "MSFT20230980",
    "title": "",
    "text": "Judgment SSP performance obligation. single amount estimate SSP not sold separately on-premises licenses software updates. range amounts estimate SSP products separately discount SSP."
}
{
    "_id": "MSFT20230981",
    "title": "",
    "text": "SSP not observable separately determine SSP market conditions observable inputs. more than one SSP products services stratification. use size customer geographic region SSP."
}
{
    "_id": "MSFT20230982",
    "title": "",
    "text": "benefits SA program judgment assess pattern delivery benefits portfolio customers."
}
{
    "_id": "MSFT20230983",
    "title": "",
    "text": "products sold right return provide credits incentives estimate customer usage variable consideration revenue. Returns credits estimated contract inception updated end information. Changes estimated material periods."
}
{
    "_id": "MSFT20230985",
    "title": "",
    "text": "revenue recognition invoicing. record receivable unearned. multi-year agreements invoice annually. record receivable revenue multi-year on-premises licenses unconditional right to invoice receive payment."
}
{
    "_id": "MSFT20230986",
    "title": "",
    "text": "Unearned revenue volume licensing programs SA cloud services. invoiced annually contract recognized ratably period. includes consulting services LinkedIn Office 365 Xbox Windows Dynamics solutions paid advance revenue control."
}
{
    "_id": "MSFT20230987",
    "title": "",
    "text": "Note 13 Unearned Revenue information segment changes."
}
{
    "_id": "MSFT20230988",
    "title": "",
    "text": "Payment terms conditions vary contract type within 30 to 60 days. revenue recognition invoicing contracts significant financing. invoicing not. Examples invoicing subscription term revenue recognized multi-year-premises licenses invoiced annually revenue recognized upfront."
}
{
    "_id": "MSFT20230989",
    "title": "",
    "text": "June 30 2022-term accounts receivable $4. 5 billion $3. billion balance."
}
{
    "_id": "MSFT20230992",
    "title": "",
    "text": "allowance doubtful accounts losses receivable balance. accounts experience evidence."
}
{
    "_id": "MSFT20230999",
    "title": "",
    "text": "doubtful accounts millions Ended June 30 Balance period#710#798#816 Charged costs Write-offs Balance end period#716"
}
{
    "_id": "MSFT20231005",
    "title": "",
    "text": "doubtful accounts balance millions June 30 Accounts receivable#650#751 long assets#716#710"
}
{
    "_id": "MSFT20231006",
    "title": "",
    "text": "June 30 2023 2022 receivables $9. billion $6. 1 billion balance."
}
{
    "_id": "MSFT20231007",
    "title": "",
    "text": "record financing receivables software limited countries. June 30 2023 2022 receivables $5. 3 billion $4. 1 billion short long-term balance sheets. allowance losses troubled accounts experience evidence."
}
{
    "_id": "MSFT20231008",
    "title": "",
    "text": "Recognized Obtain Contract"
}
{
    "_id": "MSFT20231009",
    "title": "",
    "text": "recognize asset incremental costs contract longer year. sales incentive programs meet. capitalized costs contract immaterial included assets consolidated balance sheets."
}
{
    "_id": "MSFT20231010",
    "title": "",
    "text": "apply expense costs contract amortization year less. costs include compensation partner sales incentive programs compensation sales activities."
}
{
    "_id": "MSFT20231014",
    "title": "",
    "text": "revenue includes manufacturing distribution operating costs software PCs traffic online advertising cloud online products services datacenter royalties warranty inventory valuation adjustments consulting services amortization capitalized software development costs. amortized lives products."
}
{
    "_id": "MSFT20231016",
    "title": "",
    "text": "provide estimated costs hardware software warranties revenue recognized. failure rates repair costs knowledge failures. warranty terms conditions vary product country include parts labor 90 days to three years. software warranties estimate costs bug fixes life. reevaluate estimates liabilities adjust amounts."
}
{
    "_id": "MSFT20231018",
    "title": "",
    "text": "Research development expenses include payroll benefits stock compensation headcount-related expenses. third-party costs amortization purchased software code services. until technological feasibility reached before production. costs capitalized amortized to revenue."
}
{
    "_id": "MSFT20231020",
    "title": "",
    "text": "expenses payroll benefits compensation advertising promotions seminars. incurred. $904 million $1. 5 billion. billion 2023 2022 2021."
}
{
    "_id": "MSFT20231022",
    "title": "",
    "text": "Compensation cost stock awards measured fair value grant date expense net forfeitures service period. fair value based quoted price common stock less dividends. Monte Carlo valuation model. RSUs straight-line PSUs accelerated."
}
{
    "_id": "MSFT20231023",
    "title": "",
    "text": "Compensation employee stock purchase plan measured discount recognized period."
}
{
    "_id": "MSFT20231025",
    "title": "",
    "text": "January 18, 2023 reduce workforce 10,000 jobs 2023. December 2022 recorded $800 million employee severance expenses benefit plan. included consolidated income allocated segments margin. Note 19 Segment Information Geographic Data."
}
{
    "_id": "MSFT20231029",
    "title": "",
    "text": ". taxes interest penalties positions. expenses not returns financial statements. tax deferred taxes. tax assets net valuation allowance tax benefit. taxes long-term consolidated balance sheets."
}
{
    "_id": "MSFT20231032",
    "title": "",
    "text": "liquid investments three months cash equivalents. fair values approximate carrying values. maturities three months less than one year short-term. beyond one year short-term liquid nature cash operations."
}
{
    "_id": "MSFT20231033",
    "title": "",
    "text": "Debt investments available-for-sale gains losses recorded identification method. Changes fair value losses recorded income. Fair value calculated market information estimates management. cost exceeds fair value market conditions credit quality. credit losses systematic methodology quantitative evidence. adverse conditions financial health. sell decline fair value below cost impairment new cost basis. market industry investee conditions deteriorate impairments."
}
{
    "_id": "MSFT20231034",
    "title": "",
    "text": "Equity investments measured at value. without cost adjustments changes price impairments. qualitative assessment recognize impairment if fair value less than value. Changes value recorded income."
}
{
    "_id": "MSFT20231036",
    "title": "",
    "text": "Derivative instruments assets liabilities measured fair value. accounting use designation."
}
{
    "_id": "MSFT20231037",
    "title": "",
    "text": "fair value hedges gains losses recognized income offsetting hedged items. hedge components excluded recognized."
}
{
    "_id": "MSFT20231038",
    "title": "",
    "text": "cash flow hedges gains losses income recognized hedged item. Gains losses hedge components excluded recognized income."
}
{
    "_id": "MSFT20231041",
    "title": "",
    "text": "derivative instruments not hedges gains losses recognized."
}
{
    "_id": "MSFT20231046",
    "title": "",
    "text": "account assets liabilities fair value. hierarchy lists three levels fair value inputs. categorize measurements. 1 inputs unadjusted prices markets. investments. government securities stock mutual funds. assets traded exchanges. 2 inputs quoted prices model-based valuation techniques. inputs. models project future cash flows discount amounts present value interest rate curves credit spreads foreign exchange rates. investments commercial paper certificates deposit. securities foreign government bonds mortgage securities corporate notes bonds municipal securities. cleared swap contracts over-the-counter forward contracts. 3 inputs unobservable estimates. determined model-based techniques option pricing models discounted cash flow models. assets liabilities corporate notes bonds municipal securities goodwill intangible assets impairment charge.Unobservable inputs assets liabilities."
}
{
    "_id": "MSFT20231047",
    "title": "",
    "text": "measure equity investments nonrecurring. values techniques prices comparables discounted cash flow projections."
}
{
    "_id": "MSFT20231048",
    "title": "",
    "text": "assets liabilities values carrying values."
}
{
    "_id": "MSFT20231050",
    "title": "",
    "text": "Inventories average cost net realizable value. materials labor overhead. Net value selling price less completion disposal transportation. review inventory quantities purchase commitments estimated utility. reduction utility new cost."
}
{
    "_id": "MSFT20231052",
    "title": "",
    "text": "Property equipment cost depreciation estimated. software three equipment two six buildings improvements five 15 leasehold improvements three 20 years furniture one 10 years. Land not depreciated."
}
{
    "_id": "MSFT20231056",
    "title": "",
    "text": "determine lease inception. Operating leases assets current consolidated balance sheets. Finance leases property equipment long liabilities."
}
{
    "_id": "MSFT20231057",
    "title": "",
    "text": "ROU assets right use lease liabilities obligation payments. assets liabilities recognized commencement present value lease payments. incremental borrowing rate estimated interest collateralized borrowing. operating lease asset includes lease payments excludes incentives. lease terms options extend terminate. Lease expense recognized straight-line term."
}
{
    "_id": "MSFT20231058",
    "title": "",
    "text": "lease agreements non-lease components accounted separately. equipment leases lease single. portfolio approach operating lease assets liabilities."
}
{
    "_id": "MSFT20231060",
    "title": "",
    "text": "Goodwill tested impairment reporting unit level 1) event reduce fair value reporting unit below carrying value."
}
{
    "_id": "MSFT20231062",
    "title": "",
    "text": "intangible assets subject to amortization straight-line method estimated benefit one to 20 years. evaluate recoverability revised estimates."
}
{
    "_id": "MSFT20231064",
    "title": "",
    "text": "earnings per share computed average common stock. Diluted EPS dilutive shares treasury stock method. shares include stock options awards."
}
{
    "_id": "MSFT20231074",
    "title": "",
    "text": "components basic diluted EPS millions earnings per share Ended June 30 Net income shareholders,361,738,271 shares common stock Dilutive effect awards Common equivalents Earnings Basic. 72. Diluted."
}
{
    "_id": "MSFT20231077",
    "title": "",
    "text": "-dilutive awards diluted EPS immaterial."
}
{
    "_id": "MSFT20231088",
    "title": "",
    "text": "components income millions Ended June 30 Interest dividends income,994,131 Interest expense(1,968(2,063(2,346 gains investments gains derivatives foreign currency remeasurements#(32# Total#788,186#"
}
{
    "_id": "MSFT20231096",
    "title": "",
    "text": "gains debt investments millions Ended June 30 gains securities#36#162 losses(124(138#(40# credit losses(81## Total(98#(57###63##"
}
{
    "_id": "MSFT20231105",
    "title": "",
    "text": "gains equity investments millions Ended June 30 gains investments sold unrealized gains investments Impairments investments Total,169"
}
{
    "_id": "MSFT20231152",
    "title": "",
    "text": "investments millions Value Level Cost Gains Basis Equivalents-term Investments Investments June 30 2023 Changes Fair Value Income Commercial paper 2 Certificates deposit 2,701. government securities 1,237.securities 2,703 Foreign government bonds 2####475 Mortgage-backed securities 2 Corporate notes bonds 2,809,234 3 Municipal securities 2 Municipal securities 3####103 Total debt investments#99,869,332,780,552 Changes Fair Value Net Income Equity investments 1,138#7,446 Equity investments,187 equity,325#7,446,478 Derivatives,141,558 millions Value Level Cost Gains Basis Equivalents-term Investments Investments June 30 2022 Changes Fair Value Income Commercial paper 2,500 Certificates deposit. government securities 1,696,547,538.securities 2####419 Foreign government bonds 2####506 Mortgage-backed securities 2####727 Corporate notes bonds 2,661,111 Corporate notes bonds 3####67 Municipal securities 2####368 Municipal securities 3####103 debt investments,118,357,818 Changes Value Net Income Equity investments 1#1,590,134 Total equity#8,025,134,258 Derivatives,648#13,931#,826"
}
{
    "_id": "MSFT20231153",
    "title": "",
    "text": "Note 5 Derivatives value instruments."
}
{
    "_id": "MSFT20231156",
    "title": "",
    "text": "Equity investments include without values adjustments price net value not categorized fair value hierarchy. June 30 2023 2022 equity investments values were $4. 2 billion $3. 8 billion."
}
{
    "_id": "MSFT20231176",
    "title": "",
    "text": "Debt investments unrealized losses less 12 values than 12 or Greater millions June 30, 2023 U. S. government agency securities,273,223 Foreign government bonds Mortgage securities Corporate notes bonds Municipal securities Total,721,598,319 than 12 or Greater Unrealized Losses millions June 30, 2022.government agency securities,092,835,210,302,187 Foreign government bonds(24 Mortgage securities(26(30 Corporate notes bonds(477(77,229(554 Municipal securities(7,641,368,138(446,779(2,814#"
}
{
    "_id": "MSFT20231177",
    "title": "",
    "text": "Unrealized losses fixed-income securities attributable interest rates. impairments."
}
{
    "_id": "MSFT20231187",
    "title": "",
    "text": "millions Cost Value June 30 2023 year,182 five years,127,490 10,262 10 years,166 Total,869,332"
}
{
    "_id": "MSFT20231189",
    "title": "",
    "text": "derivative instruments risks currencies interest rates equity prices enhance returns portfolio diversification. objectives eliminating economic impact. programs hedge accounting."
}
{
    "_id": "MSFT20231191",
    "title": "",
    "text": "transactions assets liabilities exposed foreign currency risk. monitor positions."
}
{
    "_id": "MSFT20231192",
    "title": "",
    "text": "risks non. dollar investments hedged fair value instruments. Euro debt cash flow hedging instruments."
}
{
    "_id": "MSFT20231193",
    "title": "",
    "text": "options forwards not foreign exchange rates foreign currency exposures."
}
{
    "_id": "MSFT20231195",
    "title": "",
    "text": "Interest rate risks fixed-rate debt hedged interest swaps floating."
}
{
    "_id": "MSFT20231196",
    "title": "",
    "text": "Securities portfolio interest rate risks maturities. manage average maturity returns indices option futures swap contracts. not hedging tables."
}
{
    "_id": "MSFT20231198",
    "title": "",
    "text": "Securities market price. hold options futures swap contracts. hedging."
}
{
    "_id": "MSFT20231200",
    "title": "",
    "text": "fixed-income portfolio diversified investment-grade securities. credit default swap contracts diversification. not hedging included tables."
}
{
    "_id": "MSFT20231204",
    "title": "",
    "text": "counterparty agreements derivative debt investment grade credit rating minimum liquidity $1. 0 billion. post collateral. June 30, 2023 debt AAA cash investments $1. 0 billion. no collateral."
}
{
    "_id": "MSFT20231216",
    "title": "",
    "text": "table derivative instruments. dollar 30 2023 2022 Hedging Instruments Foreign exchange contracts purchased Interest,139 Not,322 sold,159,606 Equity contracts purchased,867,131 sold,154 contracts purchased"
}
{
    "_id": "MSFT20231238",
    "title": "",
    "text": "table presents derivative instruments millions 30, 30 Hedging Instruments Foreign exchange contracts Interest rate contracts Not Hedging Instruments Foreign exchange contracts Equity contracts(400 Other contracts Gross amounts derivatives(805 offset balance sheet Cash collateral received Net amounts derivatives Short-term investments Other current assets long-term assets liabilities(298 long-term liabilities(383(195#267######(724##226#####"
}
{
    "_id": "MSFT20231239",
    "title": "",
    "text": "assets liabilities $442 $804 million June 2023 $343 $550 million June 30 2022."
}
{
    "_id": "MSFT20231249",
    "title": "",
    "text": "table presents value derivatives instruments millions 1 3 June 30, 2023 assets liabilities June 30 2022 assets liabilities"
}
{
    "_id": "MSFT20231267",
    "title": "",
    "text": "Gains derivative instruments Ended June 30 Fair Value Hedging Foreign exchange Derivatives Hedged items Excluded Interest rate Derivatives Hedged items Cash Flow Hedging Foreign exchange reclassified income Not Hedging Foreign exchange contracts Equity contracts contracts"
}
{
    "_id": "MSFT20231273",
    "title": "",
    "text": "Gains derivative instruments income Ended June 30 Cash Flow Hedging Instruments Foreign exchange contracts effectiveness assessment"
}
{
    "_id": "MSFT20231283",
    "title": "",
    "text": "inventories June 30 Raw materials,144 Work process Finished goods,500,742"
}
{
    "_id": "MSFT20231295",
    "title": "",
    "text": "property equipment millions June 30 Land Buildings improvements,014 Leasehold improvements Computer,631 Furniture equipment cost,058 depreciation,251,660 net,641,398"
}
{
    "_id": "MSFT20231296",
    "title": "",
    "text": "2023 2022 2021 expense $11. $12. $9. billion. declined 2023 server network."
}
{
    "_id": "MSFT20231297",
    "title": "",
    "text": "June 30 2023 committed $13. 5 billion datacenters."
}
{
    "_id": "MSFT20231299",
    "title": "",
    "text": "."
}
{
    "_id": "MSFT20231300",
    "title": "",
    "text": "March 4, 2022 acquisition Nuance Communications. $18. 8 billion cash. cloud software provider healthcare enterprise cloud offerings. financial results included statements. Intelligent Cloud segment."
}
{
    "_id": "MSFT20231307",
    "title": "",
    "text": "allocation purchase price goodwill December 31, 2022. liabilities Goodwill,326 Intangible assets,365 Other assets liabilities Total,761#"
}
{
    "_id": "MSFT20231308",
    "title": "",
    "text": "assigned Intelligent Cloud attributed increased synergies integration Nuance. deductible income tax."
}
{
    "_id": "MSFT20231309",
    "title": "",
    "text": "$986 million notes Nuance 2015 redeemed."
}
{
    "_id": "MSFT20231317",
    "title": "",
    "text": "purchase price intangible assets millions life Customer years Technology years Marketing years Total,365 years"
}
{
    "_id": "MSFT20231318",
    "title": "",
    "text": "."
}
{
    "_id": "MSFT20231319",
    "title": "",
    "text": "March 9, 2021 ZeniMax Media. parent Bethesda Softworks $8. 1 billion cash. $766 million cash equivalents. Bethesda game games technology Xbox. financial results ZeniMax included financial statements. More Personal Computing segment."
}
{
    "_id": "MSFT20231327",
    "title": "",
    "text": "allocation purchase price goodwill December 31, 2021. liabilities Cash equivalents Goodwill Intangible assets Other assets liabilities Total"
}
{
    "_id": "MSFT20231328",
    "title": "",
    "text": "Goodwill assigned Personal Computing. increased synergies integration ZeniMax. deductible income tax."
}
{
    "_id": "MSFT20231333",
    "title": "",
    "text": "purchase price intangible assets millions average life Technology,341 years Marketing years years"
}
{
    "_id": "MSFT20231334",
    "title": "",
    "text": "."
}
{
    "_id": "MSFT20231335",
    "title": "",
    "text": "January 18, 2022 Activision Blizzard. $95. 00 per share $68. 7 billion net cash. leader game development interactive entertainment publisher. acquisition mobile PC console cloud. approved shareholders. transaction regulatory approvals conditions. merger agreement October 18, 2023 concerns."
}
{
    "_id": "MSFT20231344",
    "title": "",
    "text": "Changes goodwill millions 30 2021 2022 2023 Productivity Business Processes,317#599,775 Intelligent Cloud,256,879,182,469 Personal Computing,138,642 Total#49,711#18,126#67,524#234,886"
}
{
    "_id": "MSFT20231345",
    "title": "",
    "text": "measurement periods valuation assets acquired liabilities assumed end information exceed 12 months. Adjustments purchase price require change goodwill."
}
{
    "_id": "MSFT20231346",
    "title": "",
    "text": "goodwill foreign currency translations accounting adjustments table. business dispositions transfers reorganizations."
}
{
    "_id": "MSFT20231348",
    "title": "",
    "text": "test goodwill May 1 discounted cash flow peer-based risk-adjusted cost capital. discounted cash flow values."
}
{
    "_id": "MSFT20231349",
    "title": "",
    "text": "impairment 2023 2021 tests. 30 goodwill impairment $11. billion."
}
{
    "_id": "MSFT20231358",
    "title": "",
    "text": "components intangible assets finite-lived millions Carrying Amount Carrying Amount June 30 Technology-based,245(7,589,656,277(6,958,319 Customer-related,281,047,234,342,171 Marketing-related,473,462,143,799 Contract-based(15 Total#23,490(14,124,366,577,279,298"
}
{
    "_id": "MSFT20231359",
    "title": "",
    "text": "impairments identified 2023 2022 2021. no residual value."
}
{
    "_id": "MSFT20231367",
    "title": "",
    "text": "intangible assets millions Life Ended June 30 Technology-based years years Customer-related years Marketing-related years years Contract-based years#541 years#5,681 years"
}
{
    "_id": "MSFT20231370",
    "title": "",
    "text": "Intangible assets expense $2. 2023 2022 2021."
}
{
    "_id": "MSFT20231380",
    "title": "",
    "text": "table amortization intangible assets June 30 2023,363 2025 2026,381 2027 2028,366"
}
{
    "_id": "MSFT20231401",
    "title": "",
    "text": "debt millions calendar year Interest Interest Rate 30 2023 30 2022 2009 $3. 8. 24% 2010 $4. 8. 57% 2011 $2. 3. 36% 2012 $2. 3. 57% 2013 $5. 2 billion. 63%. 88%. 92% 2013 €4. 1 billion. 63%. 2015 $23. 8 billion. 70%. 77%. 2016 $19. 8 billion. 2017 $17. billion. 88%.53% 2020 $10. billion. 53%. 68%. 2021 $8. 2 billion. 92%. value Unamortized discount issuance costs Hedge value adjustments Premium debt exchange,085 Total debt,781 long debt,247,990,032"
}
{
    "_id": "MSFT20231402",
    "title": "",
    "text": "Note 5 interest swaps fixed debt."
}
{
    "_id": "MSFT20231403",
    "title": "",
    "text": "June 2022 long-term debt $46. billion $50. billion. Level 2."
}
{
    "_id": "MSFT20231406",
    "title": "",
    "text": "senior unsecured obligations. Interest semi-annually Euro annually. 2023 2022 2021 $1. 7 billion. 9 $2. billion."
}
{
    "_id": "MSFT20231416",
    "title": "",
    "text": "table long-term debt June 30 2023 2024,250 2025 2026 2027 2028,366,866"
}
{
    "_id": "MSFT20231434",
    "title": "",
    "text": "income taxes millions Ended June 30 Current. federal,009,329,285. state local Foreign,467 Current taxes,009,680#9,981 Deferred. federal,146(4,815. state local(1,062 Foreign Deferred taxes(6,059,702 Provision income taxes,950,978"
}
{
    "_id": "MSFT20231440",
    "title": "",
    "text": ". S. foreign income taxes millions Ended June 30.,917,837 Foreign,394,879,130 before,311,716,102"
}
{
    "_id": "MSFT20231454",
    "title": "",
    "text": "difference income taxes. federal statutory rate effective rate Ended June 30 Federal statutory rate. Foreign earnings taxed lower rates. Impact intangible property transfers. Foreign intangible income deduction. State income taxes federal benefit. Research development credit. Excess tax benefits stock compensation. Interest. reconciling items. Effective rate. 1%"
}
{
    "_id": "MSFT20231455",
    "title": "",
    "text": "2022 transferred properties Puerto Rico U. S. $3. 3 billion net income tax benefit future. tax deductions exceeded current tax liability."
}
{
    "_id": "MSFT20231456",
    "title": "",
    "text": "paid taxes software sales. March 2021 Supreme Court Engineering Analysis Centre vs Commissioner Income Tax 86 appeals software sales not taxes. sales. recorded net income tax benefit $620 million third quarter fiscal year 2021 Supreme Court decision 1996 2016."
}
{
    "_id": "MSFT20231459",
    "title": "",
    "text": "decrease federal rate 2023 due earnings taxed lower Ireland. decrease 2022 due income tax benefit transfer intangible properties earnings taxed lower tax benefits stock-based compensation. decrease 2021 due earnings taxed lower Ireland Puerto Rico stock-based compensation India Supreme Court decision withholding taxes. 2023 Ireland. generated 81% foreign income before tax. 2022 2021 Ireland Puerto Rico. generated 71% 82% income tax. reconciling items tax credits GILTI tax tax benefits India Supreme Court decision withholding taxes. 2023 2022 2021 no significant reconciling items."
}
{
    "_id": "MSFT20231460",
    "title": "",
    "text": "increase tax rate 2023 due $3. 3 billion tax benefit transfer intangible properties decrease benefits stock-based compensation. decrease tax rate 2022 $3. 3 billion tax benefit transfer offset income. tax benefits India Supreme Court withholding agreement U. S. India tax authorities transfer Tax Cuts Jobs Act regulations."
}
{
    "_id": "MSFT20231488",
    "title": "",
    "text": "deferred income tax assets liabilities June 30 Stock compensation Accruals reserves expenses Loss credit carryforwards Amortization,183 Leasing liabilities Unearned revenue differences investments debt Capitalized research development Deferred income tax assets,571 Less valuation allowance,559 Deferred Tax differences investments debt Leasing assets Depreciation Deferred tax foreign earnings Deferred tax liabilities Net deferred tax,730,285,163 deferred income tax liabilitiesdeferred tax,730,285"
}
{
    "_id": "MSFT20231489",
    "title": "",
    "text": "TCJA research expenditures effective July 1, 2022. capitalize expenditures amortize. tax return five fifteen years."
}
{
    "_id": "MSFT20231490",
    "title": "",
    "text": "Deferred income tax balances differences assets liabilities tax bases stated tax rates."
}
{
    "_id": "MSFT20231493",
    "title": "",
    "text": "June 30, 2023 federal state foreign loss carryforwards $509 million $1. 2 billion $2. 3 billion. expiration dates 2024 2043 indefinite. majority foreign expire. acquired carryforwards annual valuation. 2023 $456 million federal loss carryforwards. tax Nuance. expire 2025."
}
{
    "_id": "MSFT20231494",
    "title": "",
    "text": "valuation allowance foreign loss federal capital loss deferred tax assets."
}
{
    "_id": "MSFT20231495",
    "title": "",
    "text": "taxes refunds $23. $16. $13. 2023 2021."
}
{
    "_id": "MSFT20231497",
    "title": "",
    "text": "unrecognized tax benefits 2023 2022 2021 $17. $15. 6. taxes. recognized rates 2023 2022 2021 $14. $13. 3 $12. 5 billion."
}
{
    "_id": "MSFT20231498",
    "title": "",
    "text": "June 30 2023 2022 2021 accrued interest expense tax $5. billion. tax. 2023 2022 2021 $918 million $36 million $274 million."
}
{
    "_id": "MSFT20231508",
    "title": "",
    "text": "changes unrecognized tax benefits positions millions Ended June 30 benefits,593,550,792 Decreases settlements Increases current year Increases prior years Decreases prior years Decreases lapsed statutes limitations Ending unrecognized tax benefits,120,593,550"
}
{
    "_id": "MSFT20231509",
    "title": "",
    "text": "settled Internal Revenue audit 2004 2006 2011. 2012, withdrew 2011 Revenue Agents Report reopened audit. settled 2007 2009 2016, 2010 2013 2018. 2021 settled 2004 2013 payment $1. 7 billion tax interest. audit 2004 to 2017."
}
{
    "_id": "MSFT20231510",
    "title": "",
    "text": "June 30, 2023 unresolved issues IRS transfer pricing financial statements. allowances income tax contingencies adequate. proposed assessment transfer pricing issues. final resolution 12 months. increase tax contingencies 12 months."
}
{
    "_id": "MSFT20231513",
    "title": "",
    "text": "subject income tax jurisdictions outside U. S. operations 1996 to 2022 audit. resolution not financial statements."
}
{
    "_id": "MSFT20231521",
    "title": "",
    "text": "revenue millions June 30 Productivity,572,558 Intelligent Cloud,371 Personal Computing,813,408"
}
{
    "_id": "MSFT20231528",
    "title": "",
    "text": "unearned revenue millions Ended June 30,408 Deferral Recognition unearned revenue end,813"
}
{
    "_id": "MSFT20231529",
    "title": "",
    "text": "obligations unearned invoiced $229 billion June 30, 2023 $224 billion commercial. recognize 45% next 12 months remainder."
}
{
    "_id": "MSFT20231531",
    "title": "",
    "text": "leases datacenters corporate offices research facilities Microsoft Experience Centers equipment. to 18 years extend 5 years terminate 1 year."
}
{
    "_id": "MSFT20231539",
    "title": "",
    "text": "lease expense millions June 30 lease cost,461,127 Finance lease Amortization right-use,352 Interest lease liabilities lease cost,307"
}
{
    "_id": "MSFT20231551",
    "title": "",
    "text": "cash flow leases millions Ended June 30 lease liabilities Operating cash flows leases,706,368 Right-of-use assets lease obligations Operating leases,268,380 Finance leases,128,234,290"
}
{
    "_id": "MSFT20231572",
    "title": "",
    "text": "balance sheet leases millions lease term discount rate June 30 Operating right-use assets,346,148 liabilities,409,228,489,137,717 Finance Property equipment,538,388 Accumulated depreciation,647,103 current liabilities,197 long liabilities,842 finance lease liabilities,067,902 Average Lease Operating leases Finance leases Discount Operating leases. Finance leases."
}
{
    "_id": "MSFT20231584",
    "title": "",
    "text": "table lease liabilities June 30 2023 millions June 30 2024,784 2025 2026 2027 2028,787,462 lease payments,634 Less interest,567,137,067"
}
{
    "_id": "MSFT20231587",
    "title": "",
    "text": "June 30 2023 leases datacenters $7. billion $34. 4 billion. 2024 2030 1 18 years."
}
{
    "_id": "MSFT20231590",
    "title": "",
    "text": "Microsoft Mobile subsidiary defendant 46 lawsuits 45 Superior Court Columbia radio emissions handsets brain tumors adverse health effects. responsibility Devices Services substituted Nokia defendants. Nine cases filed 2002 consolidated remaining stayed. 2009 Court Appeals adverse health claims cellular handsets. Federal Communications Commission pre-empted. plaintiffs allege handsets outside manufactured before. conspiracy manipulate emission guidelines."
}
{
    "_id": "MSFT20231591",
    "title": "",
    "text": "2013, defendants exclude evidence flawed methodologies. 2014, trial court denied motion. filed appeal District Columbia Court Appeals standard evidence. October 2016, standard cases trial court. plaintiffs filed supplemental evidence stricken. hearing causation September 2022. April 2023 court granted strike testimony cell phones brain cancer order excluding."
}
{
    "_id": "MSFT20231593",
    "title": "",
    "text": "2018 Irish Data Protection Commission LinkedIn advertising European Union Data Protection Regulation. Microsoft cooperated. April 2023 decision GDPR violations fine. Microsoft. no timeline final decision."
}
{
    "_id": "MSFT20231595",
    "title": "",
    "text": "subject to claims suits in business. management believes resolving claims adverse impact in financial statements subject to uncertainties view may change."
}
{
    "_id": "MSFT20231598",
    "title": "",
    "text": "June 30, 2023 accrued legal liabilities $617 million. defend adverse outcomes $600 million possible. unfavorable outcomes adverse impact financial statements."
}
{
    "_id": "MSFT20231607",
    "title": "",
    "text": "Shares common stock millions Ended June 30####7,519 Issued Repurchased end year#7,432####7,519"
}
{
    "_id": "MSFT20231609",
    "title": "",
    "text": "18 Board approved program $40. billion. February 2020 completed November 2021."
}
{
    "_id": "MSFT20231610",
    "title": "",
    "text": "September 14 2021 Board approved $60. billion. commenced November 2021 18 2019 expiration. June 30, 2023 $22. 3 billion remained."
}
{
    "_id": "MSFT20231620",
    "title": "",
    "text": "repurchased shares stock millions Ended June 30 First Quarter,600,200,270 Second,600,233 Third Quarter,600,800 Fourth Quarter,600,800,200 Total$#18,400,033,970"
}
{
    "_id": "MSFT20231621",
    "title": "",
    "text": "repurchases cash. 2023 2022 September 14 2021. second quarter 2022 14. shares September 18 2019. excludes shares employee tax withholding $3. 8 billion $4. 7 billion $4. 4 billion 2023 2022 2021."
}
{
    "_id": "MSFT20231636",
    "title": "",
    "text": "Board Directors declared dividends Declaration Date Date Date Fiscal Year 2023 September 20 8.,066 16 9. 18 8.,054 June 13, 17, 14.,233 Fiscal Year 2022 September 14 18 9. December 7 17, 10. March 14 19, 9. June 14 18 8.,550"
}
{
    "_id": "MSFT20231639",
    "title": "",
    "text": "dividend June 13, liabilities 30,."
}
{
    "_id": "MSFT20231665",
    "title": "",
    "text": "table summarizes changes income by component millions Ended June 30 Balance Unrealized gains net tax $9 $(15) $9 Reclassification adjustments Tax expense income taxes# Amounts reclassified(15 Net change derivatives net tax $(4) $1 $7# Balance end period Balance,138,478 Unrealized losses net tax $(393), $(1 $(589) Reclassification adjustments(63 Tax expense income taxes## Amounts reclassified income Net change investments net tax $(373), $(1 $(602),360#,266## accounting changes end period(3,582#,138#,222# Translation Adjustments(2,527#,381#,254# Translation adjustments tax $0#,146#####873# end period,734#(2,527#,381# income end period,343#,678##"
}
{
    "_id": "MSFT20231667",
    "title": "",
    "text": "grant stock compensation employees directors. Awards canceled delivery available. issue shares Microsoft awards. ESPP employees."
}
{
    "_id": "MSFT20231672",
    "title": "",
    "text": "Stock-based compensation expense tax benefits millions Ended June 30 expense,118 tax benefits"
}
{
    "_id": "MSFT20231676",
    "title": "",
    "text": "awards holder receive shares Microsoft stock. service four five."
}
{
    "_id": "MSFT20231678",
    "title": "",
    "text": "Executive Incentive Plan Compensation Committee stock awards officers senior executives. RSUs four. PSUs three years. performance goals."
}
{
    "_id": "MSFT20231683",
    "title": "",
    "text": "value stock awards estimated grant assumptions June 30 Dividends share. 62. 68. Interest rates. 0% – 5. 3 5%"
}
{
    "_id": "MSFT20231692",
    "title": "",
    "text": "2023 stock plans Value millions Awards Nonvested. 59 Granted. 59 Vested. 90 Forfeited. 93 year. 37"
}
{
    "_id": "MSFT20231693",
    "title": "",
    "text": "1 million 2 million PSUs years 2023 2022 2021."
}
{
    "_id": "MSFT20231694",
    "title": "",
    "text": "June 2023 unrecognized compensation costs $18. 6 billion. three years. value $252. $291. $221. 2021. vested $11. 9 $14. 1 billion $13. 4 billion 2021. 164 million shares authorized grant."
}
{
    "_id": "MSFT20231696",
    "title": "",
    "text": "ESPP employees. Shares common stock purchased three-month intervals 90% market value last day. 15% compensation period."
}
{
    "_id": "MSFT20231701",
    "title": "",
    "text": "Employees purchased shares millions Ended June 30 Shares Average price share."
}
{
    "_id": "MSFT20231704",
    "title": "",
    "text": "June 30 2023 74 million future."
}
{
    "_id": "MSFT20231706",
    "title": "",
    "text": "savings plans. Section 401(k Internal Revenue Code international locations. employees contribute salary. Employer-funded retirement benefits. 6 billion. 4 billion. 2 billion 2023 2022 2021 expensed contributed."
}
{
    "_id": "MSFT20231708",
    "title": "",
    "text": "management Executive Officer reviews financial information profit loss statements GAAP. reported financial performance Productivity Business Processes Intelligent Cloud Personal Computing."
}
{
    "_id": "MSFT20231709",
    "title": "",
    "text": "recast amounts conform monitor business."
}
{
    "_id": "MSFT20231710",
    "title": "",
    "text": "segments."
}
{
    "_id": "MSFT20231716",
    "title": "",
    "text": "Productivity Business Processes segment communication devices platforms. Commercial on Exchange SharePoint Teams Security Compliance Viva Copilot. Consumer on-premises services. Talent Solutions Marketing Premium Subscriptions Sales Solutions. business solutions 365 cloud applications ERP CRM Power Apps Automate on-premises ERP CRM."
}
{
    "_id": "MSFT20231720",
    "title": "",
    "text": "Intelligent Cloud public hybrid server business. products services Azure SQL Server Windows Server Visual Studio System Center Client Licenses Nuance GitHub. Services Industry Solutions."
}
{
    "_id": "MSFT20231728",
    "title": "",
    "text": "Personal Computing segment products center. OEM Commercial cloud services patent licensing Internet of Things. Surface HoloLens PC accessories. Xbox hardware content services third content Game Pass subscriptions Cloud Gaming advertising disc royalties cloud services. advertising Bing News Edge third-party affiliates."
}
{
    "_id": "MSFT20231729",
    "title": "",
    "text": "Revenue costs attributed to segments. integrated structure revenue costs benefit. Revenue from contracts allocated relative value products services estimated costs profit margin. Cost revenue allocated relative revenue methodology. Operating expenses include marketing segments gross margin."
}
{
    "_id": "MSFT20231730",
    "title": "",
    "text": "costs corporate allocated segments. legal settlements fines information technology human resources finance taxes field selling shared facilities customer service severance. allocation measured margin headcount."
}
{
    "_id": "MSFT20231743",
    "title": "",
    "text": "revenue income millions June 30 Productivity Processes,274,364 Intelligent Cloud,965,728 Personal Computing,734,270 Operating Productivity Processes,189,690,351 Cloud,884,203,471 Personal Computing,450,490,094 Total,383"
}
{
    "_id": "MSFT20231749",
    "title": "",
    "text": "sales United States 10% revenue 2023 2022 2021. Revenue classified areas Ended June 30 United States,744,218#83,953 Other countries,171,052,135 Total,270"
}
{
    "_id": "MSFT20231752",
    "title": "",
    "text": "billings OEMs multinational organizations determining source revenue."
}
{
    "_id": "MSFT20231766",
    "title": "",
    "text": "Revenue millions Ended June 30 Server cloud services,970,350,589 Office Windows,507,488 Gaming,466 LinkedIn,145,816,289 Search advertising,208,267 Enterprise Services Devices,306 Dynamics,437,754 Other Total,270"
}
{
    "_id": "MSFT20231767",
    "title": "",
    "text": "Microsoft revenue Azure Office 365 LinkedIn $111. billion $91. 4 $69. 1 billion 2023 2022 2021. Server Office LinkedIn Dynamics."
}
{
    "_id": "MSFT20231768",
    "title": "",
    "text": "Assets not allocated. amortization depreciation included overhead allocation. impracticable identify amortization depreciation segment profit loss."
}
{
    "_id": "MSFT20231777",
    "title": "",
    "text": "Long-lived assets financial tax classified location countries 10% June 30 United States,380,153 Ireland,359,505,303 countries,500,433,858 Total,239,368,314"
}
{
    "_id": "MSFT20231779",
    "title": "",
    "text": "Stockholders Board Microsoft"
}
{
    "_id": "MSFT20231781",
    "title": "",
    "text": "audited balance sheets Microsoft Corporation subsidiaries June 30 2023 2022 statements income cash flows stockholders' equity three years 2023 related notes \"financial. financial statements present financial position June 30 2023 2022 results operations cash flows accounting principles United."
}
{
    "_id": "MSFT20231782",
    "title": "",
    "text": "audited Public Company Accounting Oversight Board control financial reporting June 30, 2023 Internal Control Integrated Framework report July 27, 2023 unqualified opinion."
}
{
    "_id": "MSFT20231784",
    "title": "",
    "text": "financial statements responsibility Company management. opinion audits. public accounting firm registered PCAOB independent. federal securities laws Securities Exchange Commission PCAOB."
}
{
    "_id": "MSFT20231785",
    "title": "",
    "text": "conducted audits standards PCAOB. standards require plan audit assurance financial statements free misstatement. audits included risks misstatement. procedures included examining evidence amounts disclosures statements. accounting principles estimates management overall presentation. audits provide reasonable basis for opinion."
}
{
    "_id": "MSFT20231787",
    "title": "",
    "text": "critical audit matters from current-period audit of financial statements communicated to audit committee relate to accounts disclosures material challenging complex judgments. communication alter our opinion on financial statements not providing separate opinions."
}
{
    "_id": "MSFT20231788",
    "title": "",
    "text": "Note 1 statements"
}
{
    "_id": "MSFT20231792",
    "title": "",
    "text": "Company recognizes revenue transfer control promised products customers consideration. offers acquire multiple licenses software cloud volume licensing programs."
}
{
    "_id": "MSFT20231797",
    "title": "",
    "text": "judgment Company revenue recognition customer agreements includes products services obligations separately software licenses cloud. pattern of delivery. timing revenue obligation. contract terms timing revenue. variable consideration optional purchases free services. stand-alone selling prices obligation not."
}
{
    "_id": "MSFT20231798",
    "title": "",
    "text": "volume transactions audit management judgments revenue recognition extensive high auditor judgment."
}
{
    "_id": "MSFT20231808",
    "title": "",
    "text": "audit procedures Company revenue recognition customer agreements included tested controls performance obligations timing revenue recognition estimation variable consideration. evaluated management accounting policies. selected agreements read contract source documents. management contract terms.#Assessed terms evaluated accounting policies estimates revenue recognition conclusions. evaluated stand-alone selling prices products not. tested mathematical accuracy calculations revenue timing financial statements."
}
{
    "_id": "MSFT20231809",
    "title": "",
    "text": "Positions Note 12 financial statements"
}
{
    "_id": "MSFT20231811",
    "title": "",
    "text": "Company long-term income taxes liability includes uncertain tax positions pricing. under IRS years 2003. settled IRS audits remaining financial statements."
}
{
    "_id": "MSFT20231814",
    "title": "",
    "text": "recognizing measuring uncertain tax positions estimates judgment Internal Revenue Code regulations tax laws audit settlements. transfer pricing estimates audit auditor judgment tax specialists."
}
{
    "_id": "MSFT20231821",
    "title": "",
    "text": "audit procedures management estimates uncertain tax positions transfer pricing included evaluated management methods assumptions identification recognition measurement disclosure positions testing internal controls. read evaluated management documentation accounting policies information outside tax specialists uncertain tax positions. tested management judgments future resolution technical merits. evaluated new information recognition measurement disclosure. evaluated tax law judgments."
}
{
    "_id": "MSFT20231826",
    "title": "",
    "text": "served auditor."
}
{
    "_id": "MSFT20231828",
    "title": "",
    "text": "DISAGREEMENTS DISCLOSURE"
}
{
    "_id": "MSFT20231829",
    "title": "",
    "text": "."
}
{
    "_id": "MSFT20231831",
    "title": "",
    "text": "supervision participation management Chief Financial evaluated disclosure controls procedures Exchange Act Rule 13a-15(b) end period report. concluded controls procedures effective."
}
{
    "_id": "MSFT20231833",
    "title": "",
    "text": "management responsible establishing internal control over financial reporting Company. Internal control assurance reliability financial reporting external accounting principles accepted United States. includes maintaining records transactions transactions necessary for consolidated financial statements receipts expenditures assets management authorization unauthorized acquisition use disposition assets financial statements prevented detected. not absolute assurance misstatement statements prevented."
}
{
    "_id": "MSFT20231836",
    "title": "",
    "text": "Management internal control financial reporting Internal Control – Integrated Framework (2013) Committee Sponsoring Organizations Treadway Commission. concluded effective June 30, 2023. no changes June 2023. Deloitte & Touche LLP audited report Item 9A."
}
{
    "_id": "MSFT20231838",
    "title": "",
    "text": "Stockholders Board Microsoft"
}
{
    "_id": "MSFT20231840",
    "title": "",
    "text": "audited Microsoft Corporation subsidiaries June 30, 2023 Internal Control Integrated Framework (2013) Sponsoring Organizations Treadway Commission. Company maintained effective internal control June 2023."
}
{
    "_id": "MSFT20231841",
    "title": "",
    "text": "audited Public Company Accounting Oversight consolidated financial statements June 30, 2023 report July unqualified opinion."
}
{
    "_id": "MSFT20231843",
    "title": "",
    "text": "Company management responsible internal control financial reporting assessment Report. opinion control based audit. public accounting firm registered PCAOB independent U. S. federal securities laws rules Securities and Exchange Commission PCAOB."
}
{
    "_id": "MSFT20231844",
    "title": "",
    "text": "conducted audit standards PCAOB. standards require assurance internal control financial reporting. audit included understanding control risk material weakness testing evaluating design effectiveness other procedures necessary. audit provides basis opinion."
}
{
    "_id": "MSFT20231846",
    "title": "",
    "text": "company internal control over financial reporting assurance reliability financial reporting preparation financial statements for accounting principles. includes policies procedures maintenance of records transactions dispositions assets assurance transactions recorded preparation financial statements receipts expenditures with authorizations management directors prevention of unauthorized acquisition use disposition assets financial statements."
}
{
    "_id": "MSFT20231847",
    "title": "",
    "text": "limitations internal control financial reporting prevent misstatements. projections effectiveness future risk controls compliance policies deteriorate."
}
{
    "_id": "MSFT20231854",
    "title": "",
    "text": "months June 30 2023 directors officers Securities Exchange Act 1934 informed termination 10b5-1 Item 408 Regulation."
}
{
    "_id": "MSFT20231856",
    "title": "",
    "text": "."
}
{
    "_id": "MSFT20231858",
    "title": "",
    "text": "executive officers biographical Part I Item 1 Form 10-K. directors Proxy Statement Annual Meeting Shareholders December 7, 2023. Audit Committee Statement. incorporated."
}
{
    "_id": "MSFT20231859",
    "title": "",
    "text": "adopted Microsoft Finance Code Professional Conduct code Chief Executive Officer Financial Officer Accounting Officer finance organization employees. available website https://aka. ms/FinanceCodeProfessionalConduct. amendments waiver Chief Executive Financial Accounting disclose website report Form 8-K."
}
{
    "_id": "MSFT20231861",
    "title": "",
    "text": "Proxy Statement Officer Committee Report Committee Interlocks Insider Participation incorporated."
}
{
    "_id": "MSFT20231862",
    "title": "",
    "text": "SECURITY OWNERSHIP STOCKHOLDER"
}
{
    "_id": "MSFT20231863",
    "title": "",
    "text": "Proxy Statement Ownership “Equity Compensation Plan incorporated."
}
{
    "_id": "MSFT20231865",
    "title": "",
    "text": "Proxy Statement “Director Independence Relationships Related incorporated."
}
{
    "_id": "MSFT20231869",
    "title": "",
    "text": "fees services Deloitte & Touche LLP ID. Proxy Statement Deloitte Audit-Approval Non-Audit Services Independent incorporated."
}
{
    "_id": "MSFT20231878",
    "title": "",
    "text": "financial statements Part II Item 8 Form 10-K. schedules omitted. Financial Statements Balance Sheets Cash Flows Stockholders’ Equity"
}
{
    "_id": "MSFT20231953",
    "title": "",
    "text": "Independent Accounting Firm Exhibit Date. Articles Incorporation Microsoft Corporation. Microsoft. May 18 2009, Microsoft Bank New York Mellon Trust Company./29/2015. First Supplemental Indenture. 95% Notes 2014,. 20% 2019. 20% 2039 May 18 Microsoft Bank New York Mellon Trust Company. Second Supplemental Indenture. 875% Notes 2013,. 625% 2015,. 2020. 50% 2040 September 27, 2010, Microsoft Bank New York Mellon Trust Company. May 18 Microsoft Bank Trust. Reference Date. Supplemental Indenture. 500% Notes 2016,.% 2021.300% Notes 2041 February 8 2011, Microsoft Bank New York Mellon Trust Company. May 18, 2009, Microsoft Bank New York Mellon Trust Company. Supplemental Indenture. 875% Notes 2017. 125% 2022. 500% Notes 2042 November 7, 2012, Microsoft Bank New York Mellon Trust Company. May 18 2009, Bank. Supplemental Indenture. 625% Notes 2033 May 2, 2013, Microsoft Bank New York Mellon Trust Company. May. Supplemental Indenture. 000% Notes 2018. 375% 2023. 750% Notes 2043 May 2, 2013, Microsoft Corporation Bank New York Mellon Trust Company. Exhibit Number Date.Supplemental Indenture 2. 125% 2021. 125% 2028 December 6 2013, Microsoft Bank New York Mellon Trust Company. May 18. Supplemental Indenture 1. 625% 2018 3. 625% 2023. 875% 2043 December Microsoft Bank New York Mellon Trust. Supplemental Indenture. 850% 2020. 375% 2022. 700% 2025. 500% 2035. 750% 2045.% 2055 February 12 2015, Microsoft U. Bank May 18 Bank New York Mellon Trust. Supplemental Indenture. 300% 2018. 2020. 650% 2022. 125% 2025. 200% 2035. 450% 2045. 750% 2055 November 3 Microsoft Corporation.Bank National Association Trustee May 18 2009, Microsoft Bank New York Mellon Trust Company. Exhibit. Supplemental Indenture. 2019. 550% 2021.% 2023. 400% 2026. 450% 2036. 700% 2046. 950% 2056 August 8 2016, Microsoft U. S. Bank. Supplemental Indenture. 850% 2020. 400% 2022. 875% 2024. 300% 2027. 100% 2037. 250% 2047. 500% 2057 February 6 2017 Microsoft Bank New York Mellon Trust Company. May 18. Supplemental Indenture. 525% 2050. 675% 2060 June 1 2020 Microsoft Corporation U.Bank National Association Trustee May 18 2009, Microsoft Corporation Bank New York Mellon Trust Company./2020. Supplemental Indenture. 921% Notes 2052 3. 041% Notes 2062 March 17, 2021 Microsoft Corporation Bank New York Mellon Trust Company. May 18./2021. Securities/2019. Corporation 2001 Stock Plan. Corporation Employee Stock Purchase Plan. Date. Corporation Deferred Compensation Plan. Corporation 2017 Stock Plan. Stock Award Agreement. Stock Award Agreement. Officers’ Indemnification Trust Agreement Microsoft Corporation Bank New York Mellon Trust Company.trustee. Beneficiaries’ Obligations Officers’ Indemnification Trust Agreement/2020./2020. Indemnification Agreement Microsoft Corporation Bank New York Mellon Trust Company. trustee/2019. Beneficiaries’ Obligations Trust Agreement/2020./2020. Corporation Deferred Compensation Plan Non Directors/31/2017. Corporation Executive Incentive Plan. Executive Incentive Plan Stock Award Agreement Microsoft Stock. Incentive Plan Stock Award Agreement. Executive Severance Benefit Plan. Letter February 3 2014, Microsoft Corporation Satya Nadella.Reference Exhibit Number Description Ending Date. 24-Term Performance Stock Award Agreement Microsoft Satya Nadella/31/2014. Letter October 25 2020 Microsoft Christopher Young/2021./26/2021 Registrant. Independent Registered Public Accounting Firm. Chief Executive Officer Section 302 Sarbanes-Oxley Act 2002. Financial Officer. Chief Executive Officer Section 906 Act 2002. Officer Section 906. XBRL Instance Interactive Data File tags. XBRL Taxonomy Extension Schema. Taxonomy Extension Calculation Linkbase. Extension. Extension.XBRL Taxonomy Inline XBRL Exhibit 101"
}
{
    "_id": "MSFT20231954",
    "title": "",
    "text": "management plan."
}
{
    "_id": "MSFT20231957",
    "title": "",
    "text": "Furnished."
}
{
    "_id": "MSFT20231960",
    "title": "",
    "text": "."
}
{
    "_id": "MSFT20231962",
    "title": "",
    "text": "13 Securities Exchange Act 1934 Registrant report undersigned authorized Redmond Washington July 27, 2023."
}
{
    "_id": "MSFT20231967",
    "title": "",
    "text": "Securities Exchange Act 1934 report signed Registrant July 27, 2023."
}
{
    "_id": "NVDA20230005",
    "title": "",
    "text": "pioneered accelerated computing problems. full-stack-scale reshaping industry."
}
{
    "_id": "NVDA20230006",
    "title": "",
    "text": "full-stack CUDA NVIDIA GPUs-specific software libraries kits. accelerates performance deployment NVIDIA artificial intelligence model training data analytics scientific computing 3D graphics optimizations healthcare telecom automotive manufacturing."
}
{
    "_id": "NVDA20230007",
    "title": "",
    "text": "data-center-scale offerings compute networking solutions GPU-accelerated servers single giant computer modern AI applications."
}
{
    "_id": "NVDA20230008",
    "title": "",
    "text": "GPU imagination virtual video games. simulates human deeper understanding physical world. parallel processing thousands cores essential for deep learning algorithms. AI data brain computers robots self-driving cars. GPU-powered AI solutions developed enterprises services products traditional coding. Examples include generative AI content recommendation systems relevant content deep neural networks datasets."
}
{
    "_id": "NVDA20230009",
    "title": "",
    "text": "NVIDIA platform strategy hardware systems software algorithms libraries services value markets. computing requirements diverse unified architecture GPUs networking software stacks. programmable multi-billion-dollar markets software stacks third-party. developers base platforms ecosystem increases value."
}
{
    "_id": "NVDA20230010",
    "title": "",
    "text": "Innovation. invested $45. 3 billion research development inventions essential modern computing. GPU 1999 PC gaming redefined. CUDA programming model 2006, parallel processing compute-intensive applications AI. 2012, AlexNet neural network won ImageNet AI. Tensor Core GPU 2017 autonomous driving system 2018. acquisition Mellanox 2020 innovation networking new data processing unit. built software stacks GPUs CUDA AI NVIDIA DRIVE Clara healthcare Omniverse NVIDIA AI Enterprise software. 2023 data center CPU Grace giant-scale AI high-performance computing. engineering culture product technology innovations networking. half engineers software."
}
{
    "_id": "NVDA20230011",
    "title": "",
    "text": "cloud providers internet companies use platforms services AI search recommendations social networking online shopping live video translation."
}
{
    "_id": "NVDA20230013",
    "title": "",
    "text": "Enterprises startups use platforms AI products services. software AI assistants chatbots transportation autonomous driving healthcare drug discovery financial services support fraud detection."
}
{
    "_id": "NVDA20230014",
    "title": "",
    "text": "Researchers developers dynamics climate. 3,500 applications NVIDIA enables climate prediction materials science wind tunnel simulation genomics. powers 75% supercomputers TOP500 24 30 systems Green500."
}
{
    "_id": "NVDA20230015",
    "title": "",
    "text": "Gamers choose NVIDIA GPUs virtual worlds. market PC GPUs live streamers broadcasters artists creators. generative AI users choose NVIDIA GPUs privacy latency cost."
}
{
    "_id": "NVDA20230016",
    "title": "",
    "text": "artists architects designers use NVIDIA products GPUs cases effects designing buildings. generative AI market workstation GPUs customers deploy."
}
{
    "_id": "NVDA20230017",
    "title": "",
    "text": "Santa Clara NVIDIA 1993 Delaware 1998."
}
{
    "_id": "NVDA20230019",
    "title": "",
    "text": "report segments."
}
{
    "_id": "NVDA20230020",
    "title": "",
    "text": "Compute Networking Data Center Quantum InfiniBand Spectrum Ethernet NVIDIA DRIVE Jetson robotics NVIDIA AI DGX Cloud."
}
{
    "_id": "NVDA20230021",
    "title": "",
    "text": "Graphics segment GeForce GPUs NOW infrastructure Quadro/NVIDIA RTX GPUs automotive platforms infotainment Omniverse Enterprise software 3D."
}
{
    "_id": "NVDA20230023",
    "title": "",
    "text": "platforms acceleration. processors interconnects software algorithms systems services. Data Center Gaming Professional Visualization Automotive."
}
{
    "_id": "NVDA20230025",
    "title": "",
    "text": "NVIDIA Data Center platform compute workloads AI data analytics performance power efficiency. deployed cloud hyperscale on-premises centers. compute networking software services."
}
{
    "_id": "NVDA20230026",
    "title": "",
    "text": "supercomputing platforms servers GPUs DPUs AI stacks. NVIDIA DGX Cloud acceleration libraries APIs SDKs frameworks."
}
{
    "_id": "NVDA20230027",
    "title": "",
    "text": "networking offerings include platforms InfiniBand Ethernet adapters cables DPUs switch systems software stack. data center-scale platforms high-performance networking. server workloads data center new unit networking."
}
{
    "_id": "NVDA20230029",
    "title": "",
    "text": "customers cloud companies enterprises startups public sector entities. work industry leaders applications data infrastructure. direct customers system integrators distributors. partnerships automotive healthcare financial services manufacturing retail."
}
{
    "_id": "NVDA20230030",
    "title": "",
    "text": "foundation NVIDIA platform GPUs excel training inferencing neural networks. available servers cloud provider. platform DPUs 2022 CPUs 2024. optimize computing networking storage data center-scale solutions."
}
{
    "_id": "NVDA20230031",
    "title": "",
    "text": "starts chips full-stack software CUDA CUDA-X acceleration libraries APIs SDKs frameworks."
}
{
    "_id": "NVDA20230032",
    "title": "",
    "text": "data center paid licenses NVIDIA AI Enterprise-grade AI vGPU software virtual desktops workstations."
}
{
    "_id": "NVDA20230033",
    "title": "",
    "text": "2024 launched NVIDIA DGX Cloud AI-training infrastructure software models experts. partnered cloud providers."
}
{
    "_id": "NVDA20230035",
    "title": "",
    "text": "largest entertainment industry PC predominant. factors growth games franchises competitive social connectivity streamers modders creators."
}
{
    "_id": "NVDA20230036",
    "title": "",
    "text": "gaming platforms leverage GPUs software enhance. developed NVIDIA RTX next generation graphics AI games. features ray tracing real-time cinematic rendering. light. learning sampling frame rates images. accelerate AI applications. 100 million AI PCs 500 RTX AI-enabled applications games development tools RTX AI PC leader."
}
{
    "_id": "NVDA20230037",
    "title": "",
    "text": "products RTX GTX GPUs NOW cloud gaming underpowered SoCs services game consoles."
}
{
    "_id": "NVDA20230039",
    "title": "",
    "text": "Professional Visualization NVIDIA GPUs. platform productivity capabilities design manufacturing digital content. computer-aided architectural consumer medical instrumentation aerospace. Digital editing post special effects broadcast-television."
}
{
    "_id": "NVDA20230040",
    "title": "",
    "text": "RTX photorealistic objects accurate shadows reflections refractions ray tracing. 3D applications support RTX workflows GPUs software."
}
{
    "_id": "NVDA20230041",
    "title": "",
    "text": "NVIDIA Omniverse platform virtual world simulation subscription free. enterprises 3D simulation technologies assets processes environments building digital 3D configurators autonomous robots vehicles NVIDIA cloud."
}
{
    "_id": "NVDA20230044",
    "title": "",
    "text": "Automotive market automated driving-vehicle cockpit computing. leadership automotive relationships delivering end-to-end solution AV DRIVE Hyperion brand. demonstrated applications AI co safer driving experience."
}
{
    "_id": "NVDA20230045",
    "title": "",
    "text": "working partners suppliers manufacturers institutions mapping startups AI self-driving. AI architecture neural networks Data Center perception fusion planning control NVIDIA DRIVE Hyperion. DRIVE AGX hardware sensor self-driving DRIVE software autonomous driving mapping parking-vehicle experiences."
}
{
    "_id": "NVDA20230046",
    "title": "",
    "text": "offer scalable NVIDIA DRIVE Sim Omniverse digital cockpit self-driving platform. end-to-end software approach continuous innovation development cars updates features."
}
{
    "_id": "NVDA20230048",
    "title": "",
    "text": "strategies business include"
}
{
    "_id": "NVDA20230049",
    "title": "",
    "text": "NVIDIA accelerated computing platform. problems less time lower power consumption. performance leaps Moore’s Law innovation architecture chip design system interconnect software. full-stack performance advantages target markets Data Center Gaming Professional Visualization Automotive. requirements unified architecture GPUs CUDA networking technologies. programmable leveraged investments research development support multi-billion-dollar end markets software stacks-party. platform approach."
}
{
    "_id": "NVDA20230050",
    "title": "",
    "text": "technology leadership AI. computing platform AI training inferencing. compute networking solutions processing units interconnects software. solutions include processing units GPUs CPUs DPUs. suited AI features leadership. offer DGX Cloud AI-training platform NeMo Language Models open source proprietary. leadership ecosystem. platforms available server CSP AI supercomputers. 7 million developers CUDA software tools. evangelize AI partnerships universities startups Inception program. Deep Learning Institute design train deploy neural networks."
}
{
    "_id": "NVDA20230051",
    "title": "",
    "text": "leadership computer graphics. AI fundamental. research user experience entertainment professional visualization virtual world simulation capabilities. technologies gaming design creative industries libraries algorithms experience GeForce NVIDIA RTX platforms. platforms leverage AI developer tools cloud services Tensor Cores RTX GPUs. NVIDIA Avatar Cloud Engine avatars AI. GeForce Experience settings recording sharing gameplay. Studio drivers creative applications. Omniverse real-time 3D design collaboration virtual world simulation artists designers. interactive applications device cloud platforms vGPU GeForce NOW."
}
{
    "_id": "NVDA20230053",
    "title": "",
    "text": "Advancing autonomous vehicle platform. revolutionizing transportation industry. algorithms complex hand multiple neural networks. EV makers next-generation car computers functions AI platform. provide AI-based hardware software solution automotive safety standards AV EV DRIVE brand partnerships automotive OEMs"
}
{
    "_id": "NVDA20230054",
    "title": "",
    "text": "suppliers start-ups. AV solution includes GPU hardware neural networks deployment operation software updates. top-bottom end-to-end approach autonomous driving."
}
{
    "_id": "NVDA20230055",
    "title": "",
    "text": "Leveraging intellectual property. valuable accessed customers partners license development agreements capabilities products custom development. license enhance reach technology."
}
{
    "_id": "NVDA20230057",
    "title": "",
    "text": "sales marketing strategy high computing platforms software. teams work customers industry ecosystems partner network. CSPs OEMs ODMs system integrators software vendors manufacturers distributors manufacturers suppliers participants."
}
{
    "_id": "NVDA20230058",
    "title": "",
    "text": "sales team technical expertise product industry knowledge. employ application engineers solution architects pre-sales assistance network system designs. solution architects work with CSPs hardware software infrastructure AI LLM training. enterprise software developers training enterprise end-users system integrator-tune build AI applications. design support time-to-market customer satisfaction relationships next generation products."
}
{
    "_id": "NVDA20230059",
    "title": "",
    "text": "applications platforms relationships. Engineering marketing personnel engage developers platforms ascertain requirements solve problems. developer program supports AI frameworks SDKs APIs game titles platforms. Deep Learning Institute online training AI accelerated computing."
}
{
    "_id": "NVDA20230061",
    "title": "",
    "text": "platforms markets data centers gaming visualization automotive. desktop gaming revenue. trends."
}
{
    "_id": "NVDA20230063",
    "title": "",
    "text": "utilize manufacturing strategy employ suppliers phases wafer fabrication assembly testing packaging. use expertise suppliers certified International Organization Standardization fabrication assembly quality reliability testing. avoid costs risks manufacturing. procure raw materials suppliers responsible. focus resources product design quality marketing customer support. growth place non-cancellable inventory orders pay premiums provide deposits secure future supply capacity."
}
{
    "_id": "NVDA20230065",
    "title": "",
    "text": "expanded supplier relationships demand. supply chain Asia-Pacific. Taiwan Semiconductor Samsung Electronics. semiconductor wafers. purchase memory Micron. SK Hynix. Samsung. CoWoS semiconductor packaging. subcontractors Hon Hai Precision. Wistron Fabrinet assembly testing packaging."
}
{
    "_id": "NVDA20230067",
    "title": "",
    "text": "market products competitive rapid technological change evolving industry standards. principal competitive factors are performance access distribution channels software support APIs manufacturing capabilities processor pricing system costs. features functions consistent volumes quality competitive prices. expect competition from new entrants lower priced better performance features. new competitors alliances acquire market share."
}
{
    "_id": "NVDA20230068",
    "title": "",
    "text": "competition GPUs CPUs DPUs SoCs AI semiconductor interconnect products InfiniBand Ethernet Fibre Channel proprietary technologies. competitors marketing financial distribution manufacturing changes. competitive environment."
}
{
    "_id": "NVDA20230074",
    "title": "",
    "text": "competitors include licensors hardware software GPUs chips accelerated computing solutions Advanced Micro Devices. Huawei Technologies. Intel Corporation cloud services companies Alibaba Alphabet. Amazon. Baidu. Huawei Microsoft CPUs Amazon Huawei software SoC servers automobiles autonomous machines gaming devices Ambarella. AMD Broadcom. Intel Qualcomm Renesas Electronics Samsung Tesla. products switches adapters cable solutions AMD Arista Networks Broadcom Cisco Systems. Hewlett Packard Huawei Intel Lumentum Holdings Marvell Technology Group system vendors cloud services companies."
}
{
    "_id": "NVDA20230080",
    "title": "",
    "text": "rely on patents trademarks secrets nondisclosure agreements licensing arrangements IP internationally. issued patents expiration February 2024 to August 2043. numerous patents issued pending United States foreign jurisdictions. applications relate to products technology. rely on international treaties organizations foreign laws IP. laws foreign countries not protect products IP rights. decreased protection piracy likely. assess protection innovations location strategic technology directions IP laws commercial significance."
}
{
    "_id": "NVDA20230082",
    "title": "",
    "text": "licensed technology continue agreements."
}
{
    "_id": "NVDA20230084",
    "title": "",
    "text": "subject laws rules United States foreign governments."
}
{
    "_id": "NVDA20230085",
    "title": "",
    "text": "third quarter fiscal 2023 U. announced licensing requirements exports China Hong Kong Macau Russia A100 H100 circuits."
}
{
    "_id": "NVDA20230086",
    "title": "",
    "text": "July 2023 USG additional licensing A100 H100 products Middle East."
}
{
    "_id": "NVDA20230087",
    "title": "",
    "text": "2023 USG fourth quarter 2024 exports China Country Groups D1 D5 Saudi Arabia United Emirates Vietnam Israel A100 A800 H100 H800 L4 L40 RTX 4090. Country Group D5 China. October 23, 2023 A100 A800 H100 H800 L40S."
}
{
    "_id": "NVDA20230088",
    "title": "",
    "text": "competitive position harmed results USG’s export controls. increasing importance AI rising geopolitical tensions USG may change export control rules products export restrictions licensing impacting business financial results. sell inventory develop replacement products excluding from China other impacted markets Middle East."
}
{
    "_id": "NVDA20230089",
    "title": "",
    "text": "enhance resiliency supply chain Asia-Pacific export controls limit manufacturing locations impact business. 1A. Risk Factors Regulatory Legal Stock potential impact."
}
{
    "_id": "NVDA20230090",
    "title": "",
    "text": "Compliance laws capital expenditures competitive position capital expenditures environmental facilities. Compliance regulations IP ownership taxes tariffs anti acquisitions foreign exchange data privacy competition antitrust advertising employment product cybersecurity environmental health safety AI climate change cryptocurrency consumer laws costs competitive position business financial. 1A. Risk."
}
{
    "_id": "NVDA20230092",
    "title": "",
    "text": "NVIDIA invents challenges. environmental social corporate governance principles Company. Nominating Corporate Governance Committee sustainability governance. assess programs annually stakeholder expectations market trends business risks. success stakeholders."
}
{
    "_id": "NVDA20230093",
    "title": "",
    "text": "Human Capital Management overview principles practices. More information website annual Sustainability Report. not incorporated report Securities Exchange Commission. “Item 1A. Risk risks sustainability."
}
{
    "_id": "NVDA20230095",
    "title": "",
    "text": "climate impacts assess risks regulations market impacts."
}
{
    "_id": "NVDA20230097",
    "title": "",
    "text": "2023 published metrics environmental impact. metrics 2025. no impact capital results competitive position environmental sustainability regulations costs renewable energy. 2025 goal"
}
{
    "_id": "NVDA20230098",
    "title": "",
    "text": "renewable energy 100% global electricity offices data centers. 2023 increased electricity renewable 44%. 2026 engage 67% GHG emissions science targets."
}
{
    "_id": "NVDA20230099",
    "title": "",
    "text": "technology laptops high-performance supercomputers energy efficiency research development design. GPU-accelerated computing energy efficient optimized throughput performance watt AI workloads. energy efficiency Green500 list. powered 24 top 30 systems."
}
{
    "_id": "NVDA20230100",
    "title": "",
    "text": "build Earth-2 AI Omniverse platforms. scientists predictions climate change mitigation adaptation strategies."
}
{
    "_id": "NVDA20230102",
    "title": "",
    "text": "employees assets value. fiscal year 2024 29,600 employees 36 countries 22,200 research development 7,400 sales marketing operations administrative. Compensation Committee human capital management."
}
{
    "_id": "NVDA20230103",
    "title": "",
    "text": "strategy recruit develop retain executives scientists engineers staff."
}
{
    "_id": "NVDA20230105",
    "title": "",
    "text": "demand talent grown workforce talent NVIDIA. attracted brand differentiated hiring strategies. workforce 83% technical 49% advanced degrees. increased diversity female hiring. talent 40% new hires 2024 employee referrals."
}
{
    "_id": "NVDA20230107",
    "title": "",
    "text": "employee development-job training development programs mentoring coaching feedback. library live on-demand learning workshops panel discussions speaker forums. create learning paths upgrade current content technologies. offer tuition reimbursement certifications. career coaching service job mobility. mentoring programs women underrepresented groups."
}
{
    "_id": "NVDA20230108",
    "title": "",
    "text": "employee sentiment engagement pulse surveys suggestion box anonymous third-party platform. Pulse surveys ideas targeted action. suggestion box tool. anonymous third-party platform identity investigation receive responses."
}
{
    "_id": "NVDA20230109",
    "title": "",
    "text": "NVIDIA build careers. employees. 2024 turnover rate 2. 7%."
}
{
    "_id": "NVDA20230111",
    "title": "",
    "text": "compensation program rewards performance invest future. Employees receive equity tied stock price vests time interests shareholders."
}
{
    "_id": "NVDA20230113",
    "title": "",
    "text": "offer benefits physical financial health. Programs include 401(k). pension. employee stock purchase program flexible work hours time off policies mental time-management. evaluate aim comparable support regions. committed tailored benefits Community Resource Groups support."
}
{
    "_id": "NVDA20230114",
    "title": "",
    "text": "support enhanced crisis economic world-class talent families."
}
{
    "_id": "NVDA20230116",
    "title": "",
    "text": "diverse teams fuel committed inclusive culture."
}
{
    "_id": "NVDA20230117",
    "title": "",
    "text": "recruiting diverse talent underrepresented women Black/African Hispanic/Latino candidates."
}
{
    "_id": "NVDA20230125",
    "title": "",
    "text": "with institutions organizations underrepresented communities recruiting teams candidates women employees peer support executive sponsors community resource groups training education environments recruiting diversity equity parity in retention promotions pay engagement progress visibility diversity efforts."
}
{
    "_id": "NVDA20230126",
    "title": "",
    "text": "2024 global workforce 79% 20% female 1% 6% Black Hispanic Latino."
}
{
    "_id": "NVDA20230128",
    "title": "",
    "text": "support flexible work environment employees home. supports hiring retention engagement NVIDIA great."
}
{
    "_id": "NVDA20230129",
    "title": "",
    "text": "fiscal year 2025 flexible 2-days off rest recharge."
}
{
    "_id": "NVDA20230137",
    "title": "",
    "text": "officers positions February 16 2024 Jen-Hsun Huang Colette. Kress Vice President Ajay. Puri Debora Shoquist Timothy S. Teter General"
}
{
    "_id": "NVDA20230138",
    "title": "",
    "text": "Huang co-founded NVIDIA 1993 President Chief Executive Officer member Board. 1985 1993. LSI Logic chip manufacturer Director Coreware. 1983 1985. microprocessor designer AMD. B Oregon State University M. Stanford University."
}
{
    "_id": "NVDA20230140",
    "title": "",
    "text": ". Kress NVIDIA 2013 Executive Vice President Chief Financial Officer. Senior Vice President Chief Financial Officer Cisco Systems. 2010. financial strategy planning reporting development. 1997 2010. positions Microsoft Chief Financial Officer Server Tools."
}
{
    "_id": "NVDA20230141",
    "title": "",
    "text": "strategy business development division. Kress eight years Texas Instruments semiconductor finance positions. Finance University Arizona. Southern Methodist University."
}
{
    "_id": "NVDA20230142",
    "title": "",
    "text": ". Puri joined NVIDIA 2005 Senior Vice President Sales Executive Vice President Operations 2009. sales marketing management 22-year Sun Microsystems. product development Hewlett-Packard Booz Allen Hamilton. Texas Instruments. University Minnesota. California Institute Technology. Harvard Business School."
}
{
    "_id": "NVDA20230143",
    "title": "",
    "text": "Shoquist NVIDIA 2007 Senior Vice 2009 Executive Vice. 2004 2007 Vice JDS Uniphase. communications products. 2002 2004 Senior Vice President General Manager Electro-Optics Coherent. laser equipment. Quantum. Hewlett-Packard. Electrical Engineering Kansas State. Biology Santa Clara University."
}
{
    "_id": "NVDA20230144",
    "title": "",
    "text": "Timothy. Teter joined NVIDIA 2017 Vice Executive Vice President 2018. decades Cooley LLP patent technology. Lockheed Missiles Space Company. Mechanical Engineering University California Davis J. D Stanford Law School."
}
{
    "_id": "NVDA20230146",
    "title": "",
    "text": "annual 10-K quarterly 10-Q current Form 8-K amendments Section 13(a) 15(d) Securities Exchange Act 1934 available free website http://www. nvidia. com Securities Exchange Commission SEC. website. sec. contains reports proxy statements issuers. web site not part Annual Report 10-K."
}
{
    "_id": "NVDA20230148",
    "title": "",
    "text": "risk factors Annual Report Form 10-K. harm business financial condition reputation stock price decline. Additional risks trends uncertainties harm business reputation."
}
{
    "_id": "NVDA20230152",
    "title": "",
    "text": "industry impact financial results. impact market financial results."
}
{
    "_id": "NVDA20230156",
    "title": "",
    "text": "estimate demand mismatches supply demand. on third-party suppliers reduces control over product quantity quality yields delivery schedules harm business. expenses damage business."
}
{
    "_id": "NVDA20230168",
    "title": "",
    "text": "economic conditions harm business. sales operations risks. data breaches cyber-attacks disrupt operations affect financial stock price reputation. disruptions harm operations financial results. •Climate change. realize benefits investments acquisitions integrate acquisition targets. revenue from limited partners distributors concentration sales end customers. attract retain motivate executives employees. processes information systems disrupt internal controls. operating results below expectations stock price decline."
}
{
    "_id": "NVDA20230178",
    "title": "",
    "text": "subject complex laws political actions business. scrutiny shareholders regulators sustainability financial reputational operational harm liability. responsible use technologies AI harm liability. IP rights costly unsuccessful. subject data privacy security laws obligations. damage reputation deter customers product design proceedings liability. operating results impacted tax liabilities rates. exposed risks investigations regulatory proceedings. indebtedness financial position cash strategy contractual obligations. law documents agreement Microsoft delay change control."
}
{
    "_id": "NVDA20230181",
    "title": "",
    "text": "industry markets impact financial results."
}
{
    "_id": "NVDA20230182",
    "title": "",
    "text": "accelerated platforms products standards."
}
{
    "_id": "NVDA20230192",
    "title": "",
    "text": "success depends identify industry changes adapt strategies develop maintain products technologies needs innovation acquire products technologies research development offerings business models software services cloud ecosystem safety security reliability compliance standards product software lifecycles satisfaction acquire maintain secure infrastructure energy data centers acquisition integrations customer support e IP licensing cloud service technical financial operational compliance sales marketing investments."
}
{
    "_id": "NVDA20230193",
    "title": "",
    "text": "invested in research development limited operating history produce revenue years. fail develop monetize new products adopted financial results. design wins lengthy process depends anticipate features functionality. guarantee revenue. Failure future. ensure products technologies value. fail success criteria financial results harmed."
}
{
    "_id": "NVDA20230194",
    "title": "",
    "text": "begun offering NVIDIA DGX Cloud services cloud infrastructure software services training AI models NVIDIA AI Foundations models. partnered CSPs software data entered multi-year cloud service agreements research development. timing availability impacting revenue expenses development timelines. time resources investment. offer standalone software solutions NVIDIA AI Enterprise Omniverse DRIVE. fail sell. incur costs revenue."
}
{
    "_id": "NVDA20230195",
    "title": "",
    "text": "market financial results."
}
{
    "_id": "NVDA20230196",
    "title": "",
    "text": "target markets competitive competition intensify product service offerings industry standards needs consolidations. competitors’ products services technologies cheaper better functionality features lower prices. competitors operate fabrication facilities longer histories larger customer bases IP portfolios patent protections design wins financial sales marketing distribution resources. acquire market share new markets trends transition products impinge foundry capacity scarce input materials supply harm business. customers in-house expertise development solutions replace. offer cloud services establish market share objectives. unable demand products decrease establish revenue."
}
{
    "_id": "NVDA20230198",
    "title": "",
    "text": "Failure estimate demand supply demand."
}
{
    "_id": "NVDA20230199",
    "title": "",
    "text": "use third parties manufacture long lead times. guaranteed capacity supply deliveries production non-linear. estimates demand inaccurate mismatch supply demand. product shortages excess inventory harmed financial results."
}
{
    "_id": "NVDA20230201",
    "title": "",
    "text": "build products maintain inventory anticipated demand. past long-term supply capacity commitments secure"
}
{
    "_id": "NVDA20230202",
    "title": "",
    "text": "commitments capacity demand expectations change. risks increase shorten product development cycles new business integrate suppliers complexity. sell products if components third parties. risk platform strategy. shortages limited supply lead times extended. experienced extended lead times more than 12 months. paid premiums provided deposits future supply capacity increased product costs. suppliers require additional capacity deposits. reduce supply commitments revenue declines."
}
{
    "_id": "NVDA20230217",
    "title": "",
    "text": "factors underestimate overestimate demand mismatch supply demand impact revenue product development cycles time to market technologies releases business economic conditions decreased demand government lockdowns health issues changing technology requirements data center capacity energy product introductions transitions less demand end-use cases demand competitive products decisions third parties demand accelerated AI-related cloud services software NVIDIA DGX Cloud ecosystem actions export controls restrictions gaming usage."
}
{
    "_id": "NVDA20230218",
    "title": "",
    "text": "Demand data center systems surged 2024. 2025 gathering demand indications transitions. products 2025. increased supply capacity purchases added vendors prepaid manufacturing agreements. volumes complexity risk. arrangements. purchase commitments inventory manufacturing capacity 2024 impacted shortening lead times. Supply Hopper improving demand strong. next-generation products supply-constrained. incur inventory provisions exceed demand."
}
{
    "_id": "NVDA20230220",
    "title": "",
    "text": "customer orders demand estimates change. Product transitions impact revenue ship new products. introduction cycles transitioning architecture Data Center Professional Visualization Gaming products. faster Data Center launch cadence AI opportunities. increased frequency challenges managing supply demand long manufacturing lead times. Qualification time anticipating transitions reducing inventory revenue. reduced demand current generation architectures"
}
{
    "_id": "NVDA20230221",
    "title": "",
    "text": "unable sell multiple product architectures. unable execute transitions financial results. increasing frequency complexity products quality production issues inventory provisions warranty costs delays. Deployment new products challenges complexity timing purchases demand. managed prior product transitions sold multiple transitions difficult impair demand supply mix incur additional costs."
}
{
    "_id": "NVDA20230222",
    "title": "",
    "text": "customers purchase directly indirectly through OEMs ODMs integrators distributors partners. decisions by OEMs ODMs market conditions-user demand impacted forecast demand based on estimates downstream parties."
}
{
    "_id": "NVDA20230223",
    "title": "",
    "text": "underestimate future demand foundry partners lead-time capacity increase production obtain inventory fill orders. increase supply timely contract manufacturers experience supply constraints. procure supply fail fulfill orders relationships lose revenue market share reputation harmed. products part complex data center buildout supply constraints issues broader revenue impact."
}
{
    "_id": "NVDA20230224",
    "title": "",
    "text": "overestimate future demand cancel defer orders purchase competitors reduce inventory purchase commitments. experienced reduction selling prices channel pricing programs overestimation future demand need continue reductions. prices products suppliers’ increase may need continue. written down inventory incurred cancellation penalties recorded impairments. impacts amplified non-cancellable non-returnable purchasing terms lead times exacerbated changes design future. risk increased purchase obligations prepaids grown supply. impact gross margins financial results."
}
{
    "_id": "NVDA20230225",
    "title": "",
    "text": "build technology introduce products NVIDIA Cloud AI Foundations Omniverse platform LLMs generative AI models. demand estimates create volatility revenue supply generate revenue. generative AI models emerged demand Data Center long-term trajectory unknown. products difficult estimate impact revenue demand. shipping CPU Grace CPU Grace Hopper Superchips quarter 2024. CPU demand volatility revenue."
}
{
    "_id": "NVDA20230226",
    "title": "",
    "text": "Challenges estimating demand future global regional. Extended lead times supply constraints disasters pandemics. geopolitical tensions Taiwan China revenue suppliers manufacturers partners critical supply continuity."
}
{
    "_id": "NVDA20230228",
    "title": "",
    "text": "use GPUs new use cases impacted demand inconsistent spikes drops. Gaming GPUs used for mining currencies Ethereum. difficult to estimate impact mining future demand. Volatility cryptocurrency market new compute technologies price changes government policies new standards changes blockchain transactions mining demand. Changes cryptocurrency standards Ethereum 2. merge 2022 reduced decrease usage GPUs for Ethereum mining. increased aftermarket sales"
}
{
    "_id": "NVDA20230229",
    "title": "",
    "text": "impact prices reduce demand. resold online unauthorized market demand forecasting difficult. Gray market compete new products channels."
}
{
    "_id": "NVDA20230230",
    "title": "",
    "text": "depend on developers customers third parties build maintain accelerated computing applications. rely on third-party content providers publishers content GeForce NOW. Failure developers parties make content available could affect customer demand."
}
{
    "_id": "NVDA20230231",
    "title": "",
    "text": "third-party suppliers control quantity quality yields delivery schedules harm business."
}
{
    "_id": "NVDA20230244",
    "title": "",
    "text": "depend foundries semiconductor wafers. assemble test package contract subcontractors. components systems boards products.risks meet customer demand scale supply chain impact demand business operations gross margin revenue financial results of guaranteed supply potential higher prices incorrectly estimating demand orders foundries manufacturers procure raw materials provide manufacturing test capacity develop implement high quality process technologies suppliers comply with policies regulatory requirements •limited global suppliers foundries contract manufacturers assembly providers memory manufacturers •loss supplier additional expense production delays control over product quantity quality delivery schedules failing supply high quality products changes without qualification •delays shipments shortages quality higher expenses orders orders prepay manufacturing yields failure product design proprietary process technology •disruptions manufacturing assembly due to closures heat waves earthquakes fires disasters conservation efforts."
}
{
    "_id": "NVDA20230245",
    "title": "",
    "text": "Defects products expenses damage reputation lose market share."
}
{
    "_id": "NVDA20230247",
    "title": "",
    "text": "hardware software complex. contain defects security vulnerabilities failures unsatisfactory performance design fabrication packaging materials bugs use. risks increase new devices markets technologies versions. risks increase rely on partners components control over production."
}
{
    "_id": "NVDA20230248",
    "title": "",
    "text": "data from third parties new training methods products contain defects errors unintended bias. arrangements with providers defect expense reimbursement responsible for warranty defects. failures in products services discovered after shipped used. Undiscovered vulnerabilities loss data property expose to third parties malicious software. Defects damage products OEMs ODMs. defect warranty support repair replacement costs write-off value inventory divert attention from. efforts not. error defect in new products software after commercial shipments failure market acceptance loss of design wins withdrawal harm relationships with customers partners perceptions brand business operations gross margin revenue financial results. may to reimburse customers partners consumers for costs repair products pay fines."
}
{
    "_id": "NVDA20230249",
    "title": "",
    "text": "fiscal year 2023 defect identified third-party component Data Center products. effect cost supply components finished goods. costs significant future. recorded net warranty liability 2023 defect. need record additional amounts if estimate incorrect. product liability claim third party cost defending significant efforts technical personnel harm business. business liability insurance inadequate future coverage unavailable impact financial results."
}
{
    "_id": "NVDA20230251",
    "title": "",
    "text": "harm business."
}
{
    "_id": "NVDA20230261",
    "title": "",
    "text": "Economic industry uncertainty recession growth inflation fiscal monetary trade policy disruptions capital markets banking system currency fluctuations higher interest rates tighter credit lower capital expenditures unemployment labor shortages lower consumer confidence spending global supply chain constraints geopolitical developments business financial results costs logistics supply chain expenses gross margin supply employee facilities infrastructure costs volatility financial markets margins demand products services technologies suppliers supply commitments results decisions insolvency suppliers distributors customers cloud providers profitability bankruptcy mergers consolidations alliances credit collectability risks higher borrowing costs capital reduced liquidity impacts customers suppliers failures impairments declines value financial instruments."
}
{
    "_id": "NVDA20230262",
    "title": "",
    "text": "Adverse developments financial institutions bank failures instability concerns speculation lead liquidity problems disruptions impact customers’ payment vendors’ our."
}
{
    "_id": "NVDA20230263",
    "title": "",
    "text": "maintain investment portfolio holdings maturities. subject credit liquidity market interest rate risks downturns. majority USG securities. decline markets downgrade USG credit rating higher interest rates decline. dollar reduced liquidity adverse conditions. loss impairment charges."
}
{
    "_id": "NVDA20230264",
    "title": "",
    "text": "International sales operations significant exposes risks."
}
{
    "_id": "NVDA20230265",
    "title": "",
    "text": "sell products business. semiconductor wafers manufactured tested packaged parties outside States generated 56% revenue 2024 sales. sales to China decreased revenue from 19% 2023 to 14% 2024. licenses products China started alternatives small volumes. China mid-single digit Data Center revenue fourth quarter 2024 expect similar first quarter 2025. global business risks uncertainties business financial. include economic political conditions government lockdowns legal standards business practices disruptions capital counter-inflation policies currency fluctuations disasters terrorism public health issues catastrophic events."
}
{
    "_id": "NVDA20230266",
    "title": "",
    "text": "breaches cyber-attacks reduce revenue expenses harm business reputation."
}
{
    "_id": "NVDA20230267",
    "title": "",
    "text": "Security breaches malware social-engineering denial-of-service software bugs malfunctions failures loss data sophisticated detect."
}
{
    "_id": "NVDA20230268",
    "title": "",
    "text": "Cyber-attacks ransomware nation-supported prevalent severe. recover limited backups affected restoring delayed not feasible."
}
{
    "_id": "NVDA20230270",
    "title": "",
    "text": "Individuals hackers organizations nation-states actors engaged expected cyber-attacks. using AI technology automated targeted coordinated attacks. geopolitical conflicts third parties vulnerable risk cyber-attacks services products. face cybersecurity threats error misconduct employees contractors third service providers. cybersecurity safeguarding sensitive information security policies access control mechanisms. past experienced security incidents failure handle sensitive information policies no insider threat incident. rely on products services third-party suppliers cloud-based infrastructure encryption authentication email exposes supply-chain attacks business disruptions. guarantee third parties infrastructure compromised vulnerabilities defects bugs technology. incorporate third-party data AI algorithms open-source datasets. datasets flawed insufficient biased information vulnerable to security incidents.limited insight data privacy security third-party suppliers AI algorithms. monitor security practices limited adequate security measures. security incident"
}
{
    "_id": "NVDA20230271",
    "title": "",
    "text": "response limited difficult direct access systems logs information security incident. incorporated supply chain large worldwide products services compromised customers data affected potential liability harm business."
}
{
    "_id": "NVDA20230272",
    "title": "",
    "text": "defend security incidents engineer secure products enhance security reliability increased expenses. develop security measures training initiatives suppliers meet security requirements industry standards government regulations. invest training detect remediate vulnerabilities prevent vulnerabilities security controls systems software threats techniques change after incident. delays developing deploying remedial measures. reputational financial harm exploited security incident."
}
{
    "_id": "NVDA20230273",
    "title": "",
    "text": "hold confidential sensitive personal proprietary information from partners customers. Breaches security measures vulnerabilities unapproved dissemination expose risk loss misuse litigation liability regulatory inquiries damage brand reputation harm business. hold proprietary game source code partners GFN service. Breaches security measures expose loss litigation liability. If security incident adverse consequences enforcement reporting restrictions processing indemnification obligations reputational harm diversion funds management attention financial loss loss data disruptions systems operations supply chain harms. Inability orders delayed sales lower margins lost customers affect financial results stock price reputation. data privacy security obligations stakeholders incidents negative publicity. third parties may gather sensitive information harm business."
}
{
    "_id": "NVDA20230274",
    "title": "",
    "text": "disruptions harm revenue costs."
}
{
    "_id": "NVDA20230276",
    "title": "",
    "text": "operations by disasters extreme weather power shortages telecommunications failures supplier disruptions terrorist attacks violence unrest military actions epidemics pandemics regulatory deterioration disasters events. corporate headquarters data center research development in California business operations goods inventory suppliers in Asia vulnerable to disasters. Catastrophic events third-party vendors infrastructure. business continuity disaster recovery planning. developments increase economic volatility. Political instability adverse developments harm business financial. geopolitical tensions conflicts China Hong Kong Israel Korea Taiwan regulatory requirements operations product demand hiring profitability. countries business with Israel. operations costs increase if disasters heat water shortages power information technology failures cyber-attacks military actions economic business labor environmental health political issues.impact on us third-party foundries suppliers unknown. disaster war us systems business declines revenue increases expenses expenditures time operations. risks affect future sales operating results."
}
{
    "_id": "NVDA20230277",
    "title": "",
    "text": "monitoring impact geopolitical conflict Israel operations health safety 3,700 employees research development operations sales marketing networking products. operating expenses fiscal year 2024 include financial support charitable activity. global supply chain impact. employees active military duty. some absent product development operations. significant impact expense conflict could impact future product development operations revenue uncertainty."
}
{
    "_id": "NVDA20230278",
    "title": "",
    "text": "interruptions CSPs data center co-location partners third parties insolvency impair products harm business. reliance systems exposure to interruptions defects quality. Data centers depend clean water energy. Power water shortages regulations energy impair expand capacity consume products."
}
{
    "_id": "NVDA20230279",
    "title": "",
    "text": "Climate change business."
}
{
    "_id": "NVDA20230280",
    "title": "",
    "text": "Climate change business customers partners vendors. Water energy critical facilities vulnerable extreme weather. Extreme heat wind dry conditions Northern California power shut offs wildfire risk adverse implications Santa Clara offices data centers employees. Climate change supply chain infrastructure political instability disrupt attrition losses costs. insurance coverage property casualty risks vary availability cost. policies large deductibles exclusions providers pay claim. Losses not covered harm financial condition."
}
{
    "_id": "NVDA20230281",
    "title": "",
    "text": "business suppliers customers subject to climate laws regulations lawsuits. regulations carbon fuel energy taxes pollution limits sustainability disclosure supply chain direct costs manufacturing raw materials capital compliance energy costs indirect costs additional compliance costs. costs restrictions harm business expenses operations product design."
}
{
    "_id": "NVDA20230282",
    "title": "",
    "text": "climate change face legal action reputational harm. achieve sustainability goals reputation incur costs. contractual disputes supply chain delays climate costs."
}
{
    "_id": "NVDA20230283",
    "title": "",
    "text": "face risks business trends climate change. high energy requirements GPUs energy efficient design operation."
}
{
    "_id": "NVDA20230284",
    "title": "",
    "text": "realize benefits investments acquisitions integrate acquired companies hurt grow business develop sell."
}
{
    "_id": "NVDA20230286",
    "title": "",
    "text": "acquired invested continue in businesses products services technologies expand strategic objectives. Acquisitions investments involve challenges risks impair grow business develop sell financial results. transaction limit other transactions objectives. unable complete acquisitions regulatory approvals retain talent technology evolve acquisition less attractive changes reduce benefits impact business. Regulators impose conditions reduce value acquisitions. perceived ability consummate acquisitions"
}
{
    "_id": "NVDA20230287",
    "title": "",
    "text": "future acquisitions difficult complex expensive. investments in publicly traded companies create volatility generate losses value. invested in private companies strategic objectives business initiatives. early-stage companies defining strategic direction. instruments non-marketable illiquid initial investment not always return. could impairment lose investment. investment portfolio contains industry sector concentration risks decline increase losses. additional risks diversion of capital resources attention difficulty return uncertainties benefits difficulty governmental regulatory approval financing legal proceedings potential failure due diligence."
}
{
    "_id": "NVDA20230299",
    "title": "",
    "text": "risks acquisitions include integrating technology systems products policies processes operations employees liabilities amortization expenses impairment charges goodwill write-downs assets accounting forecasting controls procedures reporting cycles operations price impact fines fees reputation harm regulatory approval issuances debt increased debt interest expense compliance covenants dilutive issuances equity securities variability performance-based consideration changes economic conditions cybersecurity risks relationships loss employees vendors customers."
}
{
    "_id": "NVDA20230300",
    "title": "",
    "text": "acquisition systems experienced challenges lengthy costly integration delays purchasing shipping electronic data interchange suppliers customers training change management. impacted results operations."
}
{
    "_id": "NVDA20230301",
    "title": "",
    "text": "receive revenue from limited partners distributors concentration sales customers revenue affected if lose prevented selling."
}
{
    "_id": "NVDA20230303",
    "title": "",
    "text": "receive revenue from limited customers distribution partner network. Sales to Customer A represented 13% revenue 2024 Compute & Networking segment. channel partners selling multiple products systems. results depend on sales partner network processors. partners may purchase fewer alter purchasing patterns. sales order customers can cancel change delay commitments without penalty. partners develop solutions purchase competitors discontinue sales lose market share alter purchasing patterns. customers through OEMs ODMs system integrators distributors channel partners. indirect customer 19% revenue 2024"
}
{
    "_id": "NVDA20230304",
    "title": "",
    "text": "Compute Networking. demand goods quarter end system integrators distributors channel partners credit impact revenue. loss large customers reduction purchases inability. trade restrictions difficulties accounts receivable harm financial."
}
{
    "_id": "NVDA20230305",
    "title": "",
    "text": "attract motivate executives employees business."
}
{
    "_id": "NVDA20230306",
    "title": "",
    "text": "strategy attract retain motivate executives employees recruit develop talent. Labor subject factors market cost inflation workforce participation rates. Changes immigration work permit regulations employees. Competition costs cash stock compensation stock price volatility retentive value compensation decrease. dependent on executive team. succession planning transfer knowledge transitions strategic planning success."
}
{
    "_id": "NVDA20230307",
    "title": "",
    "text": "business processes systems modification interruption disrupt internal controls."
}
{
    "_id": "NVDA20230308",
    "title": "",
    "text": "rely internal processes systems business functions controls financial reporting Section 404 Sarbanes-Oxley Act. efficient operation scalability critical growth. design implement accounting functionality new ERP system. quality programming errors business financial results. changes costly disruptive management time. Failure controls difficulties harm results reporting obligations."
}
{
    "_id": "NVDA20230309",
    "title": "",
    "text": "weaknesses internal controls cause investors lose confidence financial statements stock price decline. Remediation expenses fail financial statements inaccurate restate report financial results affected access capital markets restricted stock price decline subject to sanctions investigation."
}
{
    "_id": "NVDA20230310",
    "title": "",
    "text": "operating results fluctuate below expectations analysts stock price decline."
}
{
    "_id": "NVDA20230317",
    "title": "",
    "text": "operating results fluctuated due risk factors. investors rely past results future performance. factors affect include adjust spending development contractual obligations extended payment term arrangements payments credit insurance bad debt write-offs vendors' payment requirements •unanticipated costs environmental liabilities financial accounting standards."
}
{
    "_id": "NVDA20230319",
    "title": "",
    "text": "factors prevent financial results. granted extended payment terms macroeconomic downturns impact payment. vendors requested shorter payment terms impact cash flow. reduce cash for business operations. expenses investments revenue growth volatility profitability. Failure meet expectations stock price decline substantial price volatility."
}
{
    "_id": "NVDA20230321",
    "title": "",
    "text": "operations affected complex laws rules regulations political actions impact."
}
{
    "_id": "NVDA20230322",
    "title": "",
    "text": "subject to laws regulations operations IP ownership infringement taxes import export tariffs anti-corruption business acquisitions foreign exchange cash repatriation data privacy competition antitrust advertising employment product cybersecurity environmental health safety responsible AI sustainability cryptocurrency consumer laws. Compliance onerous expensive competitive position business operations manufacture ship. no employees contractors suppliers customers agents violate laws policies controls violations fines criminal sanctions prohibitions damage reputation. Changes laws rules compliance costs restrictions manufacture supply. increased compliance costs antitrust legislation cybersecurity. AI interest regulators European Union United States Kingdom China. French Competition Authority collected information card cloud. received requests information European Union United Kingdom China sales supply foundation models investments partnerships agreements expect additional requests.Governments regulators restrictions hardware software systems frontier models generative AI. restrictions increase costs burdens new systems reduce entrants customers business financial results. Revisions laws taxation trade sanctions duties tariffs restrictions controls imports exports retaliatory actions business plans timing shipments. changes public perception impact business."
}
{
    "_id": "NVDA20230323",
    "title": "",
    "text": "Government actions trade protection national economic security policies. tariffs import regulations export restrictions. trade economic sanctions decrees quotas barriers affect ship products provide services business without export license U. S Department of. Entity List restricted fulfill contractual obligations business. export control laws sanctions U. non-U. S laws penalties business operating results financial condition."
}
{
    "_id": "NVDA20230324",
    "title": "",
    "text": "war Ukraine United States imposed sanctions export blocked products services Russia Belarus regions Ukraine. 2023 stopped sales Russia closed. war impacted sales EMEA."
}
{
    "_id": "NVDA20230325",
    "title": "",
    "text": "focus risks importance AI technologies regulatory restrictions products services enabling AI restrictions offerings."
}
{
    "_id": "NVDA20230326",
    "title": "",
    "text": "Concerns third-party use AI contrary interests misuse AI restrictions products training modifying tuning deploying LLMs. restrictions limit downstream customers acquire deploy use systems products impact business financial results."
}
{
    "_id": "NVDA20230328",
    "title": "",
    "text": "restrictions include export controls products AI technologies. geopolitical tensions semiconductors AI GPUs export restrictions U. allies. imposed controls GPUs"
}
{
    "_id": "NVDA20230329",
    "title": "",
    "text": "likely additional controls adopted. controls prohibit exporting products markets including China impact manufacturing testing warehousing locations conditions demand impact business revenue financial results. Export controls targeting GPUs semiconductors AI likely restrict export technology products services competitive disadvantage business financial results. Export controls targeting GPUs semiconductors may users restrictions use resale repair transfer impacting business financial results. Controls impact cost provide NVIDIA AI cloud services cloud service providers customers services outside China."
}
{
    "_id": "NVDA20230330",
    "title": "",
    "text": "Export controls disrupt supply chain distribution channels demand outside China gaming products. additional export controls demand benefiting competitors. changes export control rules impose compliance burdens impacting."
}
{
    "_id": "NVDA20230331",
    "title": "",
    "text": "economic sanctions export controls impacted demand products impacting business financial results. Reduced demand controls excess inventory supply charges. Additional controls include export control limitations impact research development teams roadmap objectives. export restrictions impact overseas markets provoke responses foreign governments including China supply chain products reduce revenue. Regulators China inquired about sales commitments Mellanox acquisition. If failed commitments violated law penalties restrictions business operating results financial condition."
}
{
    "_id": "NVDA20230332",
    "title": "",
    "text": "third quarter 2023 USG export restrictions licensing semiconductor supercomputing industries. restrictions impact exports chips software hardware equipment technology China Russia A100 H100 circuits systems. licensing requirements future NVIDIA circuit peak chip-to-chip I/O thresholds system. licensing requirements products networking products users China. second quarter 2024 USG additional licensing requirement A100 H100 products Middle East."
}
{
    "_id": "NVDA20230333",
    "title": "",
    "text": "2023 USG fourth quarter 2024 exports China Country Groups D1 D5 Saudi Arabia United Arab Emirates Vietnam Israel A100 A800 H100 H800 L4 L40 RTX 4090. Country Group D5 China. October 23, 2023 effective A100 A800 H100 H800 L40S. licenses China."
}
{
    "_id": "NVDA20230335",
    "title": "",
    "text": "export controls transitioned operations testing validation supply distribution China Hong Kong. future transitions costly time consuming affect research development supply distribution revenue. Data Center product portfolio new solutions USG license notice shipment. customer seek license. licensing process time-consuming. no USG. burdensome conditions. USG evaluating license requests closed process clear standards opportunity review. Notified Advanced Computing process approvals exports China. license process exports D1 D4 countries time-consuming license conditions outside China. requirements disproportionate impact NVIDIA"
}
{
    "_id": "NVDA20230336",
    "title": "",
    "text": "NVIDIA against competitors not new restrictions acquire licenses."
}
{
    "_id": "NVDA20230337",
    "title": "",
    "text": "Management new licenses requirements complicated time consuming. competitive position harmed future results changes USG’s export controls expansion geographic product scope purchase competitors develop internal solution warranty extended service obligations USG grant licenses denies licenses transition costs. USG grants licenses temporary burdensome conditions. licensing requirements benefit competitors technical support cumbersome less encourage customers pursue alternatives Israel."
}
{
    "_id": "NVDA20230338",
    "title": "",
    "text": "increasing strategic importance AI rising geopolitical tensions USG may export control rules products export restrictions licensing requirements impacting business financial results. sell inventory develop replacement products from China market other markets Middle East. USG foreign firms create large-scale GPU clusters license conditions chip tracking throttling. USG export controls gaming GPUs expands controls products disrupt supply distribution chain impact sales markets outside China U. S. Europe. Export controls disrupt supply distribution chain products warehoused Hong Kong. controls datacenter GPUs impact demand networking products. may export controls on networking products limit large clusters training. new control products NVIDIA disadvantage against competitors. Excessive export controls encourage customers outside China “design-out” U. S. semiconductors reduce compliance burden risk markets worldwide.Excessive export controls overseas governments purchase competitors NVIDIA U. S. firms harming business market position financial results. controls impact demand products China Europe Latin America Southeast Asia. controls increase risk investing U. S. semiconductor products product controls. controls increase investment foreign competitors."
}
{
    "_id": "NVDA20230339",
    "title": "",
    "text": "restrictions Chinese government on gaming access affect Gaming revenue oversight digital Data Center revenue. government restrictions sale products components partners suppliers. announced restrictions Micron supplier. Further restrictions could impact business financial results."
}
{
    "_id": "NVDA20230340",
    "title": "",
    "text": "business depends consistent supply overseas partners especially Taiwan. new restrictions Taiwan business financial results."
}
{
    "_id": "NVDA20230341",
    "title": "",
    "text": "scrutiny shareholders regulators sustainability costs risks impact reputation customers suppliers."
}
{
    "_id": "NVDA20230343",
    "title": "",
    "text": "groups investment funds market participants customers regulators corporate sustainability climate change human rights. Stakeholders sustainability practices adoption. state-level initiatives. conflict regulatory requirements expectations. sustainability practices disclosure controls"
}
{
    "_id": "NVDA20230344",
    "title": "",
    "text": "expectations fail meet corporate sustainability standards. incur costs require resources monitor practices business discontinue business policies. harm brand reputation business activities liability."
}
{
    "_id": "NVDA20230345",
    "title": "",
    "text": "responsible use technologies AI financial harm liability."
}
{
    "_id": "NVDA20230346",
    "title": "",
    "text": "Concerns responsible use technologies AI products reputational financial harm liability costs. building AI capabilities protections into products services offer stand-alone AI applications. AI poses legal social ethical issues presents risks adoption business. solutions controversy unintended consequences infringe copyright rights publicity controversial human rights privacy employment develop internal policies responsible development use AI may experience brand reputational harm competitive harm legal liability. Complying with regulations increase cost change impede products services. Compliance with government regulation AI. regulation increase cost research development reporting transparency requirements. regulation safety test results. changes in AI-related regulation change business practices impact financial results. failure to address concerns regulations AI could undermine public confidence slow cause reputational financial harm."
}
{
    "_id": "NVDA20230347",
    "title": "",
    "text": "protect IP rights costs ability compete harmed unsuccessful prohibited selling products."
}
{
    "_id": "NVDA20230348",
    "title": "",
    "text": "involved in lawsuits patent infringement IP rights violations indemnify. unfavorable ruling damages invalidation patents indemnification lost profits injunctive relief. Claims IP rights costs divert efforts management technical personnel."
}
{
    "_id": "NVDA20230349",
    "title": "",
    "text": "commence legal proceedings protect IP rights increase operating expenses. subject countersuits. infringement claims products infringe third IP seek license rights. If obtain license liabilities suspend discontinue manufacture sale products. make royalty payments cross license technology. If arrangements not concluded business. indemnification operating expenses impact results."
}
{
    "_id": "NVDA20230350",
    "title": "",
    "text": "rely on patents trademarks secrets nondisclosure agreements licensing arrangements laws IP. Foreign laws protect products IP rights States. piracy likely. theft unauthorized use trade secrets confidential information harm competitive position reduce acceptance investment research product marketing. risks employees hired by competitors. assess protection for innovations."
}
{
    "_id": "NVDA20230351",
    "title": "",
    "text": "subject data privacy security laws obligations. damage reputation deter design proceedings liability."
}
{
    "_id": "NVDA20230353",
    "title": "",
    "text": "process sensitive personal subject privacy security laws regulations standards policies contracts obligations. Concerns practices use products services"
}
{
    "_id": "NVDA20230354",
    "title": "",
    "text": "collection use retention disclosure personal information AI damage reputation affect operating results. theft loss misuse data regulatory proceedings business security costs legal claims."
}
{
    "_id": "NVDA20230355",
    "title": "",
    "text": "United States authorities enacted data privacy laws data breach notification privacy consumer protection. states enacted privacy laws obligations businesses disclosures rights. rights access correct delete data opt-out targeted advertising profiling automated decision-making. impact business. states impose stricter requirements processing impact assessments. laws allow fines noncompliance. California Consumer Privacy Act 2018 right access delete opt-out personal information receive detailed information. fines $7,500 violation private right action data breaches. Similar laws considered other states federal local. states localities enacted measures artificial machine learning. privacy laws risk enforcement increase."
}
{
    "_id": "NVDA20230356",
    "title": "",
    "text": "regulatory authorities legislative proposals data protection. European Union adopted General Data Protection Regulation GDPR United Kingdom adopted. GDPR handling personal data European Economic Area use protection ability access correct delete data. penalties €20 million or 4% revenue initiate. EU AI Act obligations change business practices."
}
{
    "_id": "NVDA20230357",
    "title": "",
    "text": "transfer personal data from Europe China to United States. Certain jurisdictions data localization cross-border transfer laws. GDPR restricts transfer data outside EEA. European Commission “Standard Contractual Clauses” for data protection including United States. U. K. International Data Transfer Agreement / Addendum EU-U. S. Data Privacy Framework U. K. extension transfers. mechanisms data from EEA U. K. to United States. subject to legal challenges no. Other jurisdictions similar cross-border transfer laws residency laws increase cost complexity fines. China’s law requirements data processing localization. data transferable without approval Cyberspace Administration of China. Compliance liability prevent data impact data. inability import data United States impact business operations limit with European privacy laws increase data processing capabilities.European regulators prevented data violating limitations impact business."
}
{
    "_id": "NVDA20230359",
    "title": "",
    "text": "bound by contractual obligations data privacy security non-compliant. privacy laws GDPR CCPA require contractual restrictions service providers. host personal data breach relationships litigation regulatory action fines. publish privacy policies marketing materials compliance certifications self principles. deficient deceptive unfair misrepresentative to investigation enforcement adverse consequences."
}
{
    "_id": "NVDA20230360",
    "title": "",
    "text": "Data protection laws changing inconsistent with practices. obligations affect product design changes information technologies systems practices third parties data. third parties may fail comply obligations. data privacy security obligations face consequences government enforcement reporting oversight bans orders to destroy data. reputation business financial condition."
}
{
    "_id": "NVDA20230361",
    "title": "",
    "text": "tax liabilities results impacted tax laws rates tax-related factors."
}
{
    "_id": "NVDA20230362",
    "title": "",
    "text": "subject to complex income tax laws non taxes jurisdictions. judgment provision. under audit. estimates adverse outcome increase tax rate non-income taxes harm financial position income cash flows."
}
{
    "_id": "NVDA20230363",
    "title": "",
    "text": "changes in tax laws. foreign increase tax liability adverse impacts results. income taxable portion treatment foreign-derived intangible income. tax rates increase FDII deduction income taxes net income cash flows. changes laws foreign Inclusive Framework Base Erosion Profit Shifting Pillar Two Model Rules. changes foreign tax laws increase tax uncertainty affect income taxes financial condition."
}
{
    "_id": "NVDA20230364",
    "title": "",
    "text": "future tax rate affected by factors changes rates earnings tax incentives credits deductions expiration statutes limitations accounting principles adjustments expenses deductible deferred tax assets liabilities laws impact accounting business combinations changes organization. tax effects stock-based compensation volatility stock price impact tax rate. decline stock price tax benefits tax rate financial results."
}
{
    "_id": "NVDA20230365",
    "title": "",
    "text": "risks litigation investigations."
}
{
    "_id": "NVDA20230366",
    "title": "",
    "text": "face legal regulatory proceedings consumer competition issues business. defending securities class action lawsuit shareholders false statements channel inventory impact cryptocurrency mining GPU demand 2017 2018. Litigation regulatory proceedings uncertain adverse rulings damages fines products licensing. unfavorable outcome adverse impact. costly time-consuming disruptive operations."
}
{
    "_id": "NVDA20230367",
    "title": "",
    "text": "indebtedness financial cash flows implementing strategy obligations."
}
{
    "_id": "NVDA20230368",
    "title": "",
    "text": "January 28, 2024 $9. 7 billion notes due by 2060. senior notes matures repay. affect financial. $575 million commercial paper program."
}
{
    "_id": "NVDA20230369",
    "title": "",
    "text": "indebtedness contractual restrictions cash debt principal repayments increase vulnerability economic industry conditions limit flexibility impair future financing restrict grant liens mergers dispose assets change business."
}
{
    "_id": "NVDA20230371",
    "title": "",
    "text": "covenants control. breach covenants without waiver note holders lenders indebtedness declared"
}
{
    "_id": "NVDA20230372",
    "title": "",
    "text": "due payable. Changes credit rating impact liquidity restrict financing terms."
}
{
    "_id": "NVDA20230373",
    "title": "",
    "text": "Delaware law certificate bylaws agreement Microsoft."
}
{
    "_id": "NVDA20230374",
    "title": "",
    "text": "anti-takeover Delaware Corporation Law discourage change control. incorporation bylaws third party acquire majority stock. include Board Directors create preferred stock change directors amend repeal bylaws without approval inability special meetings advance notice nominations super-majority voting requirement. agreement Microsoft Xbox 30% stock Microsoft refusal. provisions delay change control discourage proxy contests difficult directors corporate actions."
}
{
    "_id": "NVDA20230376",
    "title": "",
    "text": "."
}
{
    "_id": "NVDA20230379",
    "title": "",
    "text": "infrastructure systems policies procedures cybersecurity. processes assessing identifying managing risks cybersecurity. information security management program follows ISO 27001 security measures. consult cybersecurity firms risk management experts strategy."
}
{
    "_id": "NVDA20230380",
    "title": "",
    "text": "Identifying managing cybersecurity risk integrated systems data privacy training policies privacy laws prevent detect mitigate recover threats."
}
{
    "_id": "NVDA20230381",
    "title": "",
    "text": "vendor risk assessment process supplier questionnaires cybersecurity risks confidential information. data privacy security controls risks. assess high-risk suppliers’ industry standards. ISO 27001 ISO 28001 C information product physical security requirements."
}
{
    "_id": "NVDA20230382",
    "title": "",
    "text": "1A. Risk 10-K cybersecurity risks."
}
{
    "_id": "NVDA20230384",
    "title": "",
    "text": "security cybersecurity oversight Company’s Board Directors. Audit Committee reviews security policies internal controls. receives updates from management Chief Security Officer security team. Board receives annual reports from Chief Security Officer."
}
{
    "_id": "NVDA20230385",
    "title": "",
    "text": "security efforts managed by executive cybersecurity IT engineering operations legal professionals. established cross-functional leadership team cybersecurity threats. oversight security teams refine practices security risks changes regulations. participates response response."
}
{
    "_id": "NVDA20230387",
    "title": "",
    "text": "designated Chief Security Officer Senior Vice President risks cybersecurity. 17 years government assignments."
}
{
    "_id": "NVDA20230389",
    "title": "",
    "text": "headquarters Santa Clara California. own lease 3 million feet office. data center. lease data centers research sales U. S. international China India Israel Taiwan. facilities good suitable. assets operating segment. Note 3 Consolidated Financial Statements Part IV Item 15 Annual Report Form 10-K."
}
{
    "_id": "NVDA20230391",
    "title": "",
    "text": "Note 13 Statements Part IV 15 Annual 10-K proceedings."
}
{
    "_id": "NVDA20230393",
    "title": "",
    "text": "."
}
{
    "_id": "NVDA20230395",
    "title": "",
    "text": "Registrant Equity Purchases Securities"
}
{
    "_id": "NVDA20230396",
    "title": "",
    "text": "stock traded Nasdaq Global Select Market NVDA. January 22, 1999. no market. February 16 2024 382 shareholders."
}
{
    "_id": "NVDA20230398",
    "title": "",
    "text": "2023 repurchase $25. billion. 2024 repurchased 21 million shares $9. 7 billion. January 2024 repurchase $22. 5 billion."
}
{
    "_id": "NVDA20230399",
    "title": "",
    "text": "repurchases open market privately negotiated Rule 10b5-1 plan structured share repurchase programs Rule 10b-18 Exchange Act subject market conditions legal requirements. NVIDIA common stock."
}
{
    "_id": "NVDA20230400",
    "title": "",
    "text": "fiscal year 2024 paid $395 million quarterly cash dividends. future subject Board Directors determination shareholders."
}
{
    "_id": "NVDA20230406",
    "title": "",
    "text": "table share repurchase transactions fourth quarter 2024 Shares Purchased Price Paid Share Program Dollar Value Shares billions October 30, 2023 November 26, 2023. November 27, 2023 December 24 2023. December 25, 2023 January 28, 2024."
}
{
    "_id": "NVDA20230407",
    "title": "",
    "text": "January February repurchased. million shares. 9 billion Rule."
}
{
    "_id": "NVDA20230410",
    "title": "",
    "text": "withhold stock shares tax RSU employee equity incentive program. 2024"
}
{
    "_id": "NVDA20230411",
    "title": "",
    "text": "7 million shares $2. billion. 4 Consolidated Financial Statements IV 15 Annual 10-K equity."
}
{
    "_id": "NVDA20230413",
    "title": "",
    "text": "graph shareholder return common stock S&P 500 Nasdaq 100 five years 2024. $100 invested January 27, 2019 common stock S&P 500 Nasdaq 100. stock. reinvestment dividends. future performance."
}
{
    "_id": "NVDA20230414",
    "title": "",
    "text": "1/27/19 stock indices."
}
{
    "_id": "NVDA20230419",
    "title": "",
    "text": "FactSet financial data./2019/2020/2022 NVIDIA Corporation.#326. 26. 15#512. 28 S&P 500. 83 Nasdaq.#194.#218. 68. 67#268. 13"
}
{
    "_id": "NVDA20230422",
    "title": "",
    "text": "Discussion Financial Operations"
}
{
    "_id": "NVDA20230423",
    "title": "",
    "text": "financial condition 1A. Risk Consolidated Financial Statements Notes cautionary statements risks Annual Report Form 10-K purchase common stock."
}
{
    "_id": "NVDA20230426",
    "title": "",
    "text": "pioneered accelerated computing. expanded fields. leveraged GPU architecture accelerated AI scientific data science AV robotics metaverse 3D."
}
{
    "_id": "NVDA20230427",
    "title": "",
    "text": "segments Networking. Note 17 Financial Statements Part IV 15 Annual Report 10-K."
}
{
    "_id": "NVDA20230428",
    "title": "",
    "text": "Santa Clara NVIDIA 1993 Delaware 1998."
}
{
    "_id": "NVDA20230430",
    "title": "",
    "text": "Supply Transitions Models"
}
{
    "_id": "NVDA20230431",
    "title": "",
    "text": "Demand data center systems surged 2024. 2025 gathering demand indications transitions. products 2025. increased supply capacity purchases added vendors prepaid manufacturing agreements. volumes complexity risk. purchase commitments inventory manufacturing capacity 2024 impacted shortening lead times. arrangements. Supply Hopper improving demand strong. next-generation products supply-constrained. incur inventory provisions exceed demand."
}
{
    "_id": "NVDA20230432",
    "title": "",
    "text": "build products maintain inventory demand. long supply capacity commitments capacity demand expectations change. risks increase shorten cycles new lines business integrate suppliers complexity."
}
{
    "_id": "NVDA20230433",
    "title": "",
    "text": "Product transitions complex ship new. introduction cycles transitioning architecture Data Center Professional Visualization Gaming products. faster Data Center launch cadence AI opportunities. increased frequency challenges supply demand manufacturing lead times. Qualification time customers anticipating reducing inventory revenue. increasing frequency complexity quality production issues inventory warranty costs delays. Deployment new products challenges complexity timing purchases demand. managed prior transitions sold multiple architectures transitions difficult demand supply mix incur additional costs."
}
{
    "_id": "NVDA20230435",
    "title": "",
    "text": "build technology introduce products NVIDIA Cloud services Omniverse platform LLMs generative AI models. demand estimates volatility revenue revenue. generative AI emerged demand Data Center long-term trajectory unknown."
}
{
    "_id": "NVDA20230437",
    "title": "",
    "text": "third quarter fiscal 2023 USG announced licensing requirements exports China Russia A100 H100 integrated circuits."
}
{
    "_id": "NVDA20230438",
    "title": "",
    "text": "July 2023 USG additional licensing A100 H100 products Middle East."
}
{
    "_id": "NVDA20230439",
    "title": "",
    "text": "2023 USG fourth quarter 2024 exports China Country Groups D1 D5 Saudi Arabia United Emirates Vietnam Israel A100 A800 H100 H800 L4 L40 RTX 4090. Group D5 China. October 23, 2023 A100 A800 H100 H800 L40S. sales China decreased revenue 19% 2023 14% 2024."
}
{
    "_id": "NVDA20230440",
    "title": "",
    "text": "received licenses ship restricted products China. working expand Data Center portfolio new solutions USG license notice shipment. started ship alternatives China small volumes. China mid-single digit Data Center revenue fourth quarter 2024 USG expect similar first quarter 2025. customer products may seek license no USG."
}
{
    "_id": "NVDA20230441",
    "title": "",
    "text": "competitive position harmed results USG’s export controls. increasing importance AI rising geopolitical tensions USG may change export control rules products export restrictions licensing impacting business financial results. sell inventory develop replacement products excluding from China other impacted markets Middle East."
}
{
    "_id": "NVDA20230442",
    "title": "",
    "text": "enhance resiliency supply chain Asia-Pacific export controls limit manufacturing locations impact business. 1A. Risk Factors Regulatory Legal Stock potential impact."
}
{
    "_id": "NVDA20230444",
    "title": "",
    "text": "Macroeconomic factors inflation interest rates capital market volatility supply chain constraints developments demand. supply chain manufacturing costs wages capital equipment investments. product pricing. manage product availability costs with vendors."
}
{
    "_id": "NVDA20230447",
    "title": "",
    "text": "monitoring impact geopolitical conflict Israel operations health safety 3,700 employees research development operations sales marketing networking products. operating expenses fiscal year 2024 include financial support charitable activity. global supply chain impact. employees active military duty. some absent product development operations. significant impact expense conflict could impact future product development operations revenue uncertainty."
}
{
    "_id": "NVDA20230457",
    "title": "",
    "text": "Ended 28, 29, 2023 Revenue,922 126% Gross margin. Operating expenses,329 2%,972,224 681% Net income,760 581% diluted share. 586%"
}
{
    "_id": "NVDA20230458",
    "title": "",
    "text": "platforms acceleration. processors interconnects software algorithms systems services. Data Center Gaming Professional Visualization Automotive."
}
{
    "_id": "NVDA20230459",
    "title": "",
    "text": "2024. billion 126%."
}
{
    "_id": "NVDA20230460",
    "title": "",
    "text": "Data Center revenue 2024 217%. automotive healthcare. access NVIDIA AI infrastructure cloud on-premises. compute revenue 244%. Networking 133%."
}
{
    "_id": "NVDA20230461",
    "title": "",
    "text": "Gaming revenue 2024 15%. sell-in inventory demand."
}
{
    "_id": "NVDA20230462",
    "title": "",
    "text": "2024 1%."
}
{
    "_id": "NVDA20230463",
    "title": "",
    "text": "2024 21%. self-driving platforms."
}
{
    "_id": "NVDA20230464",
    "title": "",
    "text": "margin increased 2024 Data Center growth lower inventory."
}
{
    "_id": "NVDA20230465",
    "title": "",
    "text": "expenses 2024 compensation. 2023 $1. billion acquisition termination charge."
}
{
    "_id": "NVDA20230467",
    "title": "",
    "text": "Data Center revenue 2024 $47. 5 billion up 217% 2023. launched AI inference platforms Ada Hopper processors. introduced NVIDIA Cloud AI Foundations language AI. video transformers cars automotive demand. 2024 40% revenue AI inference. cloud providers half revenue. NVIDIA Spectrum-X accelerated networking platform AI."
}
{
    "_id": "NVDA20230468",
    "title": "",
    "text": "2024 $10. 4 billion 15% 2023. launched RTX 4060 4070 GPUs Ada Lovelace. Avatar Cloud Engine DLSS. Reconstruction. TensorRT-LLM RTX 40-Series SUPER GPUs. 500 AI RTX games."
}
{
    "_id": "NVDA20230469",
    "title": "",
    "text": "Visualization 2024 $1. 6 billion 1% 2023. GPUs RTX Ada Lovelace Omniverse Cloud industrial metaverse."
}
{
    "_id": "NVDA20230471",
    "title": "",
    "text": "Automotive revenue 2024 $1. 1 billion 21% 2023. partnership MediaTek automotive systems NVIDIA GPU AI. Foxconn-generation"
}
{
    "_id": "NVDA20230472",
    "title": "",
    "text": "NVIDIA DRIVE BYD GWM ZEEKR."
}
{
    "_id": "NVDA20230474",
    "title": "",
    "text": "consolidated financial statements. GAAP. estimates judgments assets liabilities revenue expenses contingencies. Critical estimates uncertainty financial condition. inventories revenue recognition income taxes. Note 1 Consolidated Financial Statements Part IV Item 15 Annual Report Form 10-K accounting policies."
}
{
    "_id": "NVDA20230476",
    "title": "",
    "text": "charge sales inventory provisions obsolete excess inventory product purchase commitments. inventory provisions excess quantities inventory levels future commitments demand management judgment."
}
{
    "_id": "NVDA20230477",
    "title": "",
    "text": "excess inventory purchase commitments include business economic market decreases demand inventory obsolescence technology new introductions spikes failure estimate demand ordering lead-times government regulations demand competitive products. Cancellation deferral orders excess inventory."
}
{
    "_id": "NVDA20230478",
    "title": "",
    "text": "margin inventory sales unfavorable 2. 7% 2024 7. 5% 2023. inventory capacity purchase commitments based future demand. account third-party manufacturers lead times. lead times twelve months. place inventory orders pay provide deposits supply capacity. adjust market factors transitions macroeconomic conditions impact demand."
}
{
    "_id": "NVDA20230479",
    "title": "",
    "text": "Gross Profit Margin Management's Discussion."
}
{
    "_id": "NVDA20230481",
    "title": "",
    "text": "subject to income taxes U. foreign jurisdictions. calculation deferred tax assets liabilities estimates judgments uncertainties complex tax laws. estimates change certainty changes accounting standards tax laws. recognize liabilities. foreign income tax contingencies additional taxes. payment unnecessary tax liability less recognize tax benefit additional expense financial statements."
}
{
    "_id": "NVDA20230482",
    "title": "",
    "text": "fiscal years 2024 2023 valuation allowance $1. 6 billion $1. 5 billion capital loss carryforwards deferred tax assets projections future taxable income. income tax benefits."
}
{
    "_id": "NVDA20230484",
    "title": "",
    "text": "recognize benefit tax position sustained audit merits. policy interest penalties unrecognized tax benefits expense."
}
{
    "_id": "NVDA20230487",
    "title": "",
    "text": "products sold right return record reduction revenue sales return allowance estimated returns historical rates. returns exceed additional return allowances. Return rights distributors limited prior quarter shipments. shipments other customers allow returns approve returns credit refund."
}
{
    "_id": "NVDA20230488",
    "title": "",
    "text": "account customer programs rebates marketing funds accrue claimed. programs distributor price incentives programs products classes judgement. Estimates accruals historical attainment claim rates adjusted factors."
}
{
    "_id": "NVDA20230490",
    "title": "",
    "text": "Revenue License Development Arrangements recognized services performed. measure progress completion cost incurred estimated total cost. cost includes personnel time third-party costs."
}
{
    "_id": "NVDA20230492",
    "title": "",
    "text": "contracts contain more performance obligation. Judgement. NVIDIA products services function standalone require integration. multiple obligations distinct not combined revenue recognition."
}
{
    "_id": "NVDA20230493",
    "title": "",
    "text": "allocate transaction price performance obligation standalone selling price. establish standalone selling price observable prices products sold comparable. If not observable determine market data observable inputs."
}
{
    "_id": "NVDA20230495",
    "title": "",
    "text": "February 2023 assessed lives property plant equipment. increased server storage network four five assembly test seven. 2024 $33 million $102 million revenue expenses operating income $135 million net income $114 million tax $0. 05 share."
}
{
    "_id": "NVDA20230498",
    "title": "",
    "text": "discussion financial condition results 2024 2023. Item 7 Annual Report Form 10-K fiscal year January 29, 2023 filed SEC February 24, 2023 available website. investor relations website. nvidia."
}
{
    "_id": "NVDA20230517",
    "title": "",
    "text": "table items Consolidated Statements Income percentage revenue. Ended 28, 29, 2023 Revenue. Cost revenue. Gross profit. Operating expenses Research development. Sales general administrative. Acquisition termination cost. Total operating expenses. Operating income. Interest income. expense Other. Income before income tax. Income tax expense. Net income."
}
{
    "_id": "NVDA20230525",
    "title": "",
    "text": "Ended 28, 2024 29,$ Change$ millions Compute Networking#47,405,068,337 Graphics Total,922"
}
{
    "_id": "NVDA20230533",
    "title": "",
    "text": "Ended 28, 2024 29,$ Change Change$ millions Compute Networking,016,083 Graphics Other(4,890) Total,972,224#681"
}
{
    "_id": "NVDA20230534",
    "title": "",
    "text": "Compute Networking revenue Data Center revenue. Compute grew 266% NVIDIA Hopper GPU. Networking 133% InfiniBand."
}
{
    "_id": "NVDA20230535",
    "title": "",
    "text": "Graphics revenue Gaming 15% higher sell-in channel inventory."
}
{
    "_id": "NVDA20230537",
    "title": "",
    "text": "increase Compute Networking Graphics higher revenue."
}
{
    "_id": "NVDA20230538",
    "title": "",
    "text": "operating loss $1. 4 billion offset $839 million stock compensation 2024."
}
{
    "_id": "NVDA20230540",
    "title": "",
    "text": "Revenue geographic region billing location. Revenue outside United States 56% 69% revenue fiscal years 2024 2023."
}
{
    "_id": "NVDA20230541",
    "title": "",
    "text": "customers cloud startups OEMs system integrators distributors."
}
{
    "_id": "NVDA20230542",
    "title": "",
    "text": "customer 13% revenue 2024 Compute Networking segment."
}
{
    "_id": "NVDA20230543",
    "title": "",
    "text": "indirect customer purchases integrators distributors 19% revenue 2024 Compute Networking."
}
{
    "_id": "NVDA20230544",
    "title": "",
    "text": "estimated Compute Networking."
}
{
    "_id": "NVDA20230545",
    "title": "",
    "text": "customers 10% 2023 2022."
}
{
    "_id": "NVDA20230547",
    "title": "",
    "text": "profit revenue allowances cost. semiconductors fabrication assembly testing packaging board device manufacturing labor overhead test yield inventory warranty memory tariffs shipping. acquisition development IP stock-based compensation manufacturing."
}
{
    "_id": "NVDA20230548",
    "title": "",
    "text": "gross margin 72. 7%. 9% 2023. Data Center 217% lower inventory provisions."
}
{
    "_id": "NVDA20230549",
    "title": "",
    "text": "Provisions obligations $2. billion 2024 2023. Sales settlements release $540 million $137 million. gross margin unfavorable 2. 7% 7. 5%."
}
{
    "_id": "NVDA20230561",
    "title": "",
    "text": "Ended 28, 29, 2023 millions Research development expenses,675 % net revenue. Sales administrative expenses,440 % net revenue. Acquisition termination cost,353 net revenue. operating expenses,329 % net revenue."
}
{
    "_id": "NVDA20230562",
    "title": "",
    "text": "increase research development 2024 driven compensation benefits stock-based compensation growth."
}
{
    "_id": "NVDA20230565",
    "title": "",
    "text": "recorded acquisition cost $1. billion 2023 prepayment."
}
{
    "_id": "NVDA20230573",
    "title": "",
    "text": "Ended 28, 2024 29, 2023 Change millions Interest income Interest expense net income"
}
{
    "_id": "NVDA20230574",
    "title": "",
    "text": "cash equivalents securities. increase yields cash balances."
}
{
    "_id": "NVDA20230575",
    "title": "",
    "text": "Interest coupon debt notes."
}
{
    "_id": "NVDA20230576",
    "title": "",
    "text": "net gains losses non entities foreign currency rates. 2023 driven non-affiliated investments. Note 9 Financial Statements Part IV Item 15 Annual Form 10-K."
}
{
    "_id": "NVDA20230578",
    "title": "",
    "text": "recognized tax expense $4. billion 2024 benefit $187 million 2023. expense. 0% benefit. 5%."
}
{
    "_id": "NVDA20230579",
    "title": "",
    "text": "quarter 2024 2018 2019. recognized non-cash benefit $145 million settled positions. reduction tax benefits $236 million accrued interest $17 million offset cash carryforwards $108 million."
}
{
    "_id": "NVDA20230580",
    "title": "",
    "text": "effective tax rate increased FDII deduction stock-based compensation. federal research tax credit. offset IRS audit resolution."
}
{
    "_id": "NVDA20230581",
    "title": "",
    "text": "tax rates 2024 2023 lower. 21% FDII deduction stock-based compensation. research tax credit. benefited IRS resolution."
}
{
    "_id": "NVDA20230582",
    "title": "",
    "text": "OECD Framework Base Erosion Profit Shifting Pillar Two Rules 15% tax corporations. jurisdictions European United Kingdom enacted Pillar Two 2025. OECD guidance Pillar Two impact financial. Pillar Two impact tax rate cash flows year. change."
}
{
    "_id": "NVDA20230584",
    "title": "",
    "text": "Note 14 Statements Part IV 15 Annual 10-K."
}
{
    "_id": "NVDA20230596",
    "title": "",
    "text": "28, 29, 2023 millions Cash equivalents,280,389 Marketable securities Cash marketable securities,296 Ended 2023 Net cash operating,090 investing,566,375 financing activities,633"
}
{
    "_id": "NVDA20230597",
    "title": "",
    "text": "investment policy income securities diversification types maturity limits."
}
{
    "_id": "NVDA20230598",
    "title": "",
    "text": "Cash increased 2024 2023 revenue. receivable balance $557 million customer payments invoice."
}
{
    "_id": "NVDA20230599",
    "title": "",
    "text": "investing decreased 2024 2023 maturities higher purchases."
}
{
    "_id": "NVDA20230600",
    "title": "",
    "text": "financing 2024 2023 debt repayment tax offset share repurchases."
}
{
    "_id": "NVDA20230602",
    "title": "",
    "text": "liquidity cash equivalents securities operations. 2024 $26. billion cash securities. liquidity operating requirements twelve months supply obligations $1. 3 billion debt repayment 2025 share purchases. evaluate liquidity capital resources capital."
}
{
    "_id": "NVDA20230603",
    "title": "",
    "text": "marketable securities. government corporations institutions foreign entities certificates deposit institutions. dollars. Note 8 Consolidated Financial Statements Part IV Item 15 Form 10-K."
}
{
    "_id": "NVDA20230604",
    "title": "",
    "text": "2025 cash equivalents securities capital $3. billion $4. billion property equipment."
}
{
    "_id": "NVDA20230605",
    "title": "",
    "text": "$1. 4 billion cash equivalents securities outside. accrued foreign taxes. all cash equivalents securities. fiscal year 2024 available. without. federal income taxes."
}
{
    "_id": "NVDA20230607",
    "title": "",
    "text": "2024 $395 million."
}
{
    "_id": "NVDA20230608",
    "title": "",
    "text": "cash dividend program future dividends subject Board Directors' determination interests shareholders."
}
{
    "_id": "NVDA20230610",
    "title": "",
    "text": "2023 repurchase $25. billion. 2024 repurchased 21 million shares $9. billion. January 28, 2024 authorized repurchase"
}
{
    "_id": "NVDA20230611",
    "title": "",
    "text": "$22. 5 billion. January February 16 repurchased. 8 million shares $1. 9 billion Rule 10b5-1. repurchase dilution. repurchases. continue."
}
{
    "_id": "NVDA20230612",
    "title": "",
    "text": ". Inflation Reduction Act 2022 1% excise tax repurchases compensation 2024."
}
{
    "_id": "NVDA20230624",
    "title": "",
    "text": "debt maturities January 28, 2024 millions,250 ten,750 ten,500 Unamortized debt discount issuance costs amount,709 short-term portion,250 long,459"
}
{
    "_id": "NVDA20230625",
    "title": "",
    "text": "$575 million commercial paper program. 2024 no paper."
}
{
    "_id": "NVDA20230626",
    "title": "",
    "text": "Note 12 Statements Part IV 15 Annual 10-K."
}
{
    "_id": "NVDA20230628",
    "title": "",
    "text": "long-term debt purchase 12 13, 3 Financial Statements Part IV 15 Annual Report 10-K."
}
{
    "_id": "NVDA20230629",
    "title": "",
    "text": "unrecognized tax benefits $1. 3 billion interest penalties $140 million 2024. estimate tax liability interest penalties settlement. Note 14 Financial Statements Part IV Item 15 Annual Report 10-K."
}
{
    "_id": "NVDA20230631",
    "title": "",
    "text": "no impact sustainability regulations costs renewable energy trends."
}
{
    "_id": "NVDA20230633",
    "title": "",
    "text": "Note 1 Statements Part IV 15 Annual Report 10-K accounting pronouncements."
}
{
    "_id": "NVDA20230636",
    "title": "",
    "text": "exposed interest rate risk fixed-rate portfolio debt. liquidity strategy capital growth."
}
{
    "_id": "NVDA20230637",
    "title": "",
    "text": "fiscal year 2024 sensitivity analysis portfolio. shifts yield curve. 5% value $93 million."
}
{
    "_id": "NVDA20230639",
    "title": "",
    "text": "2024 $9. 7 billion senior Notes. value unamortized discount Consolidated Balance Sheets."
}
{
    "_id": "NVDA20230640",
    "title": "",
    "text": ". Note 12 Consolidated Statements Part IV 15 Annual Report 10-K."
}
{
    "_id": "NVDA20230642",
    "title": "",
    "text": "exposure foreign exchange rate fluctuations minimal sales contracts. Gains losses currency remeasurement included income expenses. currency transaction net income significant 2024 2023."
}
{
    "_id": "NVDA20230643",
    "title": "",
    "text": "Sales arrangements with-party manufacturers pricing payment in dollars not subject to exchange rate fluctuations. Increases dollar products expensive. decreases manufacturing costs."
}
{
    "_id": "NVDA20230644",
    "title": "",
    "text": "U. dollar strengthened 10% January 28, 2024 29, 2023 foreign exchange contracts tax $116 million $112 million lower. foreign currency expenses."
}
{
    "_id": "NVDA20230645",
    "title": "",
    "text": "adverse 10% foreign exchange rate change hedging contracts income taxes $60 million $36 million January 28, 2024 29, 2023. changes offset foreign currency assets liabilities contracts."
}
{
    "_id": "NVDA20230646",
    "title": "",
    "text": "Note 11 Statements Part IV 15 Annual 10-K."
}
{
    "_id": "NVDA20230648",
    "title": "",
    "text": "Consolidated Financial Statements Notes Annual Report 10-K."
}
{
    "_id": "NVDA20230649",
    "title": "",
    "text": "Disagreements Financial Disclosure"
}
{
    "_id": "NVDA20230650",
    "title": "",
    "text": "."
}
{
    "_id": "NVDA20230654",
    "title": "",
    "text": "January 28, 2024 concluded disclosure controls procedures Rule 13a-15 Exchange Act assurance."
}
{
    "_id": "NVDA20230656",
    "title": "",
    "text": "management responsible internal control financial reporting Exchange Act Rule 13a-15(f). evaluation internal control January 28, 2024 Internal Control - Integrated Framework (2013) Committee Sponsoring Organizations Treadway Commission. concluded control effective January 28, 2024."
}
{
    "_id": "NVDA20230657",
    "title": "",
    "text": "control financial reporting January 28, 2024 audited PricewaterhouseCoopers LLP."
}
{
    "_id": "NVDA20230660",
    "title": "",
    "text": "no changes in control financial reporting quarter January 28, 2024. fiscal year 2022 upgrade enterprise resource planning system"
}
{
    "_id": "NVDA20230661",
    "title": "",
    "text": "financial systems. ERP financial records results. upgrade phases. evaluate quarter changes control financial reporting."
}
{
    "_id": "NVDA20230663",
    "title": "",
    "text": "management including Chief Executive Financial Officer expect disclosure internal controls prevent error fraud. control system reasonable not assurance objectives met. design resource constraints benefits relative to costs. limitations no evaluation absolute assurance issues fraud NVIDIA detected."
}
{
    "_id": "NVDA20230665",
    "title": "",
    "text": "December 18 2023 John. Dabiri adopted trading arrangement Rule 10b5-1 sale December 2 2024 shares common stock closing price January 26, 2024. estimate."
}
{
    "_id": "NVDA20230667",
    "title": "",
    "text": "."
}
{
    "_id": "NVDA20230669",
    "title": "",
    "text": "Part III omitted SEC proxy statement Regulation 14A 2024 Statement 120 days fiscal year 2024 incorporated."
}
{
    "_id": "NVDA20230672",
    "title": "",
    "text": "directors 2024 Proxy Statement 1 Election Directors incorporated."
}
{
    "_id": "NVDA20230674",
    "title": "",
    "text": "executive officers Part I Annual Report Form 10-K incorporated reference."
}
{
    "_id": "NVDA20230676",
    "title": "",
    "text": "Audit Committee 2024 Proxy Statement Audit Committee Board Board Corporate Governance incorporated reference."
}
{
    "_id": "NVDA20230678",
    "title": "",
    "text": "recommending directors 2024 Proxy Statement Board Directors Corporate Governance incorporated."
}
{
    "_id": "NVDA20230680",
    "title": "",
    "text": "Section 16(a Exchange Act 2024 Proxy Statement Section 16(a Reports incorporated."
}
{
    "_id": "NVDA20230683",
    "title": "",
    "text": "Code of Conduct 2024 Proxy Statement Board Directors Corporate Governance Code Conduct incorporated reference. full text Code Financial Team Code Investor Relations website www. nvidia. com. amendments waiver disclose website report Form 8-K. website not Annual Report Form 10-K."
}
{
    "_id": "NVDA20230685",
    "title": "",
    "text": "executive compensation 2024 Proxy Statement Committee Interlocks Insider Committee Report incorporated reference."
}
{
    "_id": "NVDA20230686",
    "title": "",
    "text": "Ownership Stockholder Matters"
}
{
    "_id": "NVDA20230688",
    "title": "",
    "text": "NVIDIA securities 2024 Proxy Statement Ownership Beneficial Owners Management incorporated."
}
{
    "_id": "NVDA20230690",
    "title": "",
    "text": "equity compensation plans 2024 Proxy Statement Compensation Plan incorporated."
}
{
    "_id": "NVDA20230692",
    "title": "",
    "text": "transactions director independence 2024 Proxy Statement “Review Transactions Related Board Directors Corporate Governance Independence incorporated reference."
}
{
    "_id": "NVDA20230695",
    "title": "",
    "text": "accounting fees services 2024 Proxy Statement Independent Accounting Firm incorporated."
}
{
    "_id": "NVDA20230711",
    "title": "",
    "text": ". Statements Independent Public Accounting Firm ID 238) Statements Income January 28, 2024 2023 30 2022 Comprehensive Income Balance Sheets January 28, 2024 29, 2023 Shareholders’ Equity January 28, 2024 2023 2022 Cash Flows Financial Statements. Statement Schedule II Valuation Qualifying Accounts January 28, 2024 2023 30 2022. filed incorporated Annual Report Form 10-K."
}
{
    "_id": "NVDA20230714",
    "title": "",
    "text": "Statements Control Reporting"
}
{
    "_id": "NVDA20230715",
    "title": "",
    "text": "audited balance sheets NVIDIA Corporation subsidiaries January 28, 2024 2023 income shareholders equity cash flows three years 2024 notes financial statement schedule Item 15(a)(2) financial. audited control financial reporting 2024 Internal Control Integrated Framework Sponsoring."
}
{
    "_id": "NVDA20230716",
    "title": "",
    "text": "consolidated financial statements present position January 28, 2024 2023 results operations cash flows three 2024 accounting principles. Company maintained internal control financial reporting 2024 Internal Control - Integrated Framework (2013) COSO."
}
{
    "_id": "NVDA20230718",
    "title": "",
    "text": "Company management responsible consolidated financial statements internal control assessment Annual Report Internal Control Reporting Item 9A. opinions consolidated financial statements internal control audits. public accounting firm Oversight Board independent. federal securities laws Securities and Exchange Commission PCAOB."
}
{
    "_id": "NVDA20230719",
    "title": "",
    "text": "conducted audits PCAOB. standards require plan assurance consolidated financial statements free misstatement error fraud internal control."
}
{
    "_id": "NVDA20230720",
    "title": "",
    "text": "audits of consolidated financial statements included risks misstatement error or fraud. examining evidence amounts disclosures. accounting principles estimates management presentation. audit of internal control over financial reporting included understanding risk material weakness testing design effectiveness control risk. other procedures necessary. audits provide reasonable basis for opinions."
}
{
    "_id": "NVDA20230722",
    "title": "",
    "text": "internal control over financial reporting assurance reliability financial reporting preparation financial statements for accounting principles. includes policies procedures maintenance of records transactions dispositions assets assurance transactions recorded necessary preparation financial statements receipts expenditures with authorizations management directors prevention of unauthorized acquisition use disposition assets financial statements."
}
{
    "_id": "NVDA20230724",
    "title": "",
    "text": "limitations internal control financial reporting prevent misstatements. projections effectiveness future risk controls compliance policies deteriorate."
}
{
    "_id": "NVDA20230726",
    "title": "",
    "text": "critical audit matter from current period audit of consolidated financial statements communicated to audit committee relates to accounts disclosures material challenging complex judgments. communication alter our opinion on consolidated financial statements not separate opinion."
}
{
    "_id": "NVDA20230727",
    "title": "",
    "text": "Valuation Inventories Purchase Commitments"
}
{
    "_id": "NVDA20230728",
    "title": "",
    "text": "Notes 1 10 13 Company charges provisions write excess product purchase commitments. inventory provisions excess quantities commitments. January 28, 2024 consolidated balance $5. 3 billion $16. 1 billion portion inventory purchase obligations."
}
{
    "_id": "NVDA20230729",
    "title": "",
    "text": "considerations valuation inventories provisions excess product purchase commitments critical audit judgment management provisions assumptions future demand market conditions. led to auditor judgment subjectivity effort assumptions."
}
{
    "_id": "NVDA20230730",
    "title": "",
    "text": "matter involved evaluating audit evidence forming opinion on consolidated financial statements. procedures included controls provisions excess inventories product purchase commitments controls assumptions future demand market conditions. process developing provisions appropriateness approach data assumptions future demand market conditions. Evaluating assumptions current past results consistency market industry data changes technology."
}
{
    "_id": "NVDA20230735",
    "title": "",
    "text": "served auditor."
}
{
    "_id": "NVDA20230762",
    "title": "",
    "text": "Ended 28, 2024 29, 2023 30 2022 Revenue,922 Cost,439 Gross profit,301,356 Operating Research development,675,339,268 Sales administrative,440,166 Acquisition cost,353 operating expenses,329,132 income,972,224,041 Interest income expense income tax,818,181 tax expense,058 Net income,760,368,752 income share. average shares,469,487,496"
}
{
    "_id": "NVDA20230764",
    "title": "",
    "text": "consolidated statements."
}
{
    "_id": "NVDA20230781",
    "title": "",
    "text": "Ended 28, 2024 29, 2023 30, 2022 Net income,760,368,752 income net-sale securities unrealized gain unrealized gain Cash flow hedges unrealized gain (loss change unrealized loss income net tax(32) Total income#29,830,336,722"
}
{
    "_id": "NVDA20230783",
    "title": "",
    "text": "consolidated statements."
}
{
    "_id": "NVDA20230821",
    "title": "",
    "text": "28, 2024 2023 Cash,280,389 securities,704 Accounts receivable,827 Inventories,282 expenses,345 Property equipment,807 lease Goodwill,372 Intangible assets Deferred tax,396,500,820,182 Liabilities Equity Accounts payable,193 Accrued liabilities,120 Short-term debt,631 Long-term debt,459,703,750,081 Commitments contingencies Shareholders’ equity Preferred stock. 2 shares Common stock.shares 2,464 issued January 28, 2024 2,466 2023 capital,132,971 income earnings,171 equity,978,101 liabilities equity,182"
}
{
    "_id": "NVDA20230823",
    "title": "",
    "text": "consolidated statements."
}
{
    "_id": "NVDA20230854",
    "title": "",
    "text": "Stock Paid Shareholders millions Balances Jan 31, 2021,479,756 Net income,752 comprehensive loss(30) Issuance common stock plans Tax withholding vesting restricted stock units(1,290)(1,904) Cash dividends.16 common share partially vested equity awards Stock-based compensation Retirement Treasury Stock,046 Balances Jan 30 2022,385,235 Net income,368 loss Issuance common stock Tax withholding vesting restricted stock units(1,475) Shares repurchased Cash dividends.16 common share Stock-based compensation,710 Balances Jan 29, 2023,971,171,101 Net income,760 income Issuance common stock Tax withholding restricted stock units,783 Shares repurchased,719) Cash dividends. 16 common share Stock-based compensation Jan 28, 2024,464,132,978"
}
{
    "_id": "NVDA20230856",
    "title": "",
    "text": "consolidated statements."
}
{
    "_id": "NVDA20230902",
    "title": "",
    "text": "Ended 28, 2024 29, 2023 30 2022 Cash Net income,760,368,752 Adjustments Stock compensation expense,709 Depreciation amortization Deferred income taxes losses investments non entities Acquisition termination cost,353 assets liabilities Accounts receivable,172 Inventories Prepaid expenses Accounts payable liabilities long-term liabilities Net cash,090,108 flows Proceeds maturities securities,732,425,197 sales Purchases Purchases property equipment intangible assets Acquisitions cash Investments non entities(77)(24) cash investing activities,566),375(9,830) financing employee stock plans repurchases common stock(9,533) tax stock units,783(1,475)(1,904) Repayment debt,250 Dividends Principal payments property equipment intangible assets(74)(58)(83) Issuance debt costs Net cash financing activities(13,633) equivalents,891,399,143,389,990 end,280,389,990 income taxes interest"
}
{
    "_id": "NVDA20230904",
    "title": "",
    "text": "consolidated statements."
}
{
    "_id": "NVDA20230909",
    "title": "",
    "text": "Santa Clara NVIDIA 1993 Delaware 1998."
}
{
    "_id": "NVDA20230910",
    "title": "",
    "text": "references mean NVIDIA Corporation subsidiaries."
}
{
    "_id": "NVDA20230912",
    "title": "",
    "text": "52 53-week January. 2024 2023 2022 52-week."
}
{
    "_id": "NVDA20230914",
    "title": "",
    "text": "consolidated statements NVIDIA subsidiaries. balances eliminated."
}
{
    "_id": "NVDA20230916",
    "title": "",
    "text": "financial statements. GAAP estimates assumptions assets liabilities revenue expenses. results differ estimates. evaluate estimates revenue cash securities accounts receivable inventories commitments income taxes goodwill stock compensation costs restructuring charges property plant equipment contingencies. estimates historical facts assumptions."
}
{
    "_id": "NVDA20230917",
    "title": "",
    "text": "February 2023 assessed lives property equipment. increased server storage network assembly test equipment seven years. 2024 $33 million $102 million revenue expenses operating income $135 million net income $114 million tax $0. 05 share."
}
{
    "_id": "NVDA20230919",
    "title": "",
    "text": "derive revenue from product sales hardware systems license development arrangements software cloud services. determine revenue contract performance obligations transaction price allocation price to performance obligations revenue standalone selling price recognition revenue performance obligation."
}
{
    "_id": "NVDA20230921",
    "title": "",
    "text": "Revenue product sales recognized transfer control consideration. products sold support extended warranty system. Support warranty revenue recognized service period. Revenue net returns customer programs taxes."
}
{
    "_id": "NVDA20230922",
    "title": "",
    "text": "products right return record reduction revenue sales return allowance estimated returns historical rates. returns exceed rates additional return allowances reflect exposure."
}
{
    "_id": "NVDA20230924",
    "title": "",
    "text": "customer programs involve rebates sales incentives marketing development funds MDFs partners for market segment development NVIDIA products. account for programs revenue accrue rebates MDFs claimed."
}
{
    "_id": "NVDA20230929",
    "title": "",
    "text": "license development arrangements require customization IP. recognize revenue license development services single performance obligation. measure progress to completion cost incurred cost. If loss record provision for loss."
}
{
    "_id": "NVDA20230931",
    "title": "",
    "text": "software licenses provide customers right use software available. purchase perpetual or subscriptions duration. sold with right receive future software updates upgrades. Revenue recognized when available. support revenue recognized over service period."
}
{
    "_id": "NVDA20230933",
    "title": "",
    "text": "Cloud services use hosted software hardware without provided subscription. Revenue subscription recognized over contract period. Revenue usage recognized as occurs. sold standalone hardware software support."
}
{
    "_id": "NVDA20230935",
    "title": "",
    "text": "contracts contain more products services each separately accounted distinct. account multiple agreements single customer single contract closely related single contract."
}
{
    "_id": "NVDA20230936",
    "title": "",
    "text": "allocate transaction price obligation standalone selling price. reflects product service sold separately similar circumstances customers. maximize observable inputs."
}
{
    "_id": "NVDA20230937",
    "title": "",
    "text": "contract performance no allocation."
}
{
    "_id": "NVDA20230939",
    "title": "",
    "text": "offer limited warranty one three years manufacturing defects hardware failures. estimated warranties calculated. extended warranty. accrue warranty indemnification issues loss probable estimated."
}
{
    "_id": "NVDA20230941",
    "title": "",
    "text": "closing price common stock minus dividend yield discount fair value restricted stock performance stock units performance targets. Monte Carlo simulation performance stock units. compensation RSUs market PSUs straight-line attribution PSUs accelerated amortization. estimate value shares employee stock purchase plan Black-Scholes model March September. Stock-based compensation ESPP expensed accelerated amortization model. estimate forfeitures semi-annually revise differ. historical experience."
}
{
    "_id": "NVDA20230944",
    "title": "",
    "text": "subject claims litigation actions regulatory proceedings patent intellectual property taxes labor employment competition antitrust commercial disputes goods services. uncertainties litigation"
}
{
    "_id": "NVDA20230948",
    "title": "",
    "text": "third-party claims resolved without litigation fines settlement payments judgments. If information loss in litigation probable loss record loss U. S. GAAP. actual liability estimates additional costs."
}
{
    "_id": "NVDA20230950",
    "title": "",
    "text": ". dollar subsidiaries. Foreign currency assets liabilities remeasured dollars end-period. Non-monetary assets property equipment equity remeasured historical. Revenue expenses remeasured non. Gains losses foreign currency remeasurement included earnings Statements."
}
{
    "_id": "NVDA20230952",
    "title": "",
    "text": "recognize federal foreign tax liabilities taxes current fiscal year. deferred tax assets future tax effects differences carryforwards record valuation allowance reduce deferred tax assets tax benefits."
}
{
    "_id": "NVDA20230953",
    "title": "",
    "text": "calculation deferred tax assets liabilities estimates judgments uncertainties complex tax laws. estimates change certainty changes accounting standards tax laws. recognize liabilities for U. foreign income tax contingencies additional taxes. payment unnecessary tax liability less than assessment recognize tax benefit additional expense financial statements."
}
{
    "_id": "NVDA20230954",
    "title": "",
    "text": "January 28, 2024 valuation allowance $1. 6 billion capital loss carryforwards deferred tax assets projections future taxable income. realization income tax benefits."
}
{
    "_id": "NVDA20230955",
    "title": "",
    "text": "recognize benefit tax position sustained audit merits. policy interest penalties unrecognized tax benefits expense."
}
{
    "_id": "NVDA20230957",
    "title": "",
    "text": "net income per share computed common shares. Diluted income computed dilutive shares treasury stock method. anti-dilutive equity awards."
}
{
    "_id": "NVDA20230959",
    "title": "",
    "text": "liquid investments convertible cash original maturity three months cash equivalents. Marketable securities maturities three months. classify investments current availability operations."
}
{
    "_id": "NVDA20230960",
    "title": "",
    "text": "classify cash equivalents securities available-for-sale. reported fair value unrealized gains losses income equity net tax. fair value includes accrued interest. gains losses determined recorded Consolidated Statements Income."
}
{
    "_id": "NVDA20230962",
    "title": "",
    "text": "-sale debt investments subject impairment review. estimated value less than amortized cost determine credit losses write-down amortized cost"
}
{
    "_id": "NVDA20230966",
    "title": "",
    "text": "sell securities amortized cost. credit losses write-downs Consolidated Statements."
}
{
    "_id": "NVDA20230968",
    "title": "",
    "text": "cash equivalents accounts receivable payable accrued liabilities approximate fair values short maturities January 28, 2024 29, 2023. Marketable securities reported fair value unrealized gains losses income equity tax. Fair value market prices. Derivative instruments assets liabilities measured at fair value. accounting depends use designation. fair value hedges gains losses recognized in earnings. cash-flow hedges gains income recognized earnings. not changes fair value recognized earnings."
}
{
    "_id": "NVDA20230970",
    "title": "",
    "text": "instruments credit risk cash equivalents marketable securities accounts receivable. investment policy income securities diversification limits portfolio duration. credit evaluations allowance credit losses. estimated exposure. excludes credit insurance letters credit."
}
{
    "_id": "NVDA20230972",
    "title": "",
    "text": "Inventory cost computed adjusted standard approximates cost. semiconductors fabrication assembly testing packaging manufacturing support labor overhead test yield fallout shipping memory products parts. charge sales inventory provisions obsolete excess inventory excess product purchase commitments. provisions relate excess quantities levels future commitments demand. inventory creates new cost basis. record liability noncancelable purchase commitments demand forecasts."
}
{
    "_id": "NVDA20230974",
    "title": "",
    "text": "Property equipment cost less depreciation. Depreciation computed estimated lives three to seven years. asset retirement cost depreciation removed gain loss recorded. estimated lives buildings to thirty years. finance leases. amortized lease term life."
}
{
    "_id": "NVDA20230976",
    "title": "",
    "text": "determine arrangement lease inception. leases 12 months assets liabilities long-term liabilities balance sheet. assets right use asset lease liabilities obligation payments."
}
{
    "_id": "NVDA20230977",
    "title": "",
    "text": "lease assets liabilities recognized present payments discounted incremental borrowing rate. costs prepaid payments incentives. terms options extend terminate. expense recognized straight."
}
{
    "_id": "NVDA20230979",
    "title": "",
    "text": "combine non-lease assets liabilities."
}
{
    "_id": "NVDA20230984",
    "title": "",
    "text": "Goodwill annual impairment test fourth quarter fiscal. qualitative quantitative analysis reporting unit."
}
{
    "_id": "NVDA20230985",
    "title": "",
    "text": "factors include industry financial performance events units."
}
{
    "_id": "NVDA20230986",
    "title": "",
    "text": "quantitative impairment test income market value. income financial information growth rates residual values discount rates multiples traded companies assumptions estimates economic future profitability."
}
{
    "_id": "NVDA20230988",
    "title": "",
    "text": "Intangible assets represent acquired technology customer relationships rights licenses patents IP. amortize assets finite lives one to twenty years economic benefits straight-line amortization method."
}
{
    "_id": "NVDA20230989",
    "title": "",
    "text": "Long-lived assets property equipment intangible assets reviewed for impairment recoverable. recoverability measured carrying amount to future cash flows. If carrying exceeds cash flows impairment charge recognized fair value. Fair value determined discounted future cash flows. Assets liabilities separately presented in Consolidated Balance Sheet reported at lower carrying amount fair value less costs to sell no depreciated."
}
{
    "_id": "NVDA20230991",
    "title": "",
    "text": "allocate fair value purchase price acquisition tangible assets liabilities intangible assets estimated. excess over recorded as goodwill. estimates assumptions uncertain subject refinement. intangible assets include future cash flows discount rate present value lives. uncertain results may differ. measurement period one year acquisition record adjustments assets acquired liabilities assumed offset goodwill. measurement conclusion final determination adjustments recorded Consolidated Statements of Income."
}
{
    "_id": "NVDA20230992",
    "title": "",
    "text": "Acquisition expenses recognized expensed."
}
{
    "_id": "NVDA20230994",
    "title": "",
    "text": "investment in non-affiliates marketable traded non-marketable privately. Marketable securities values changes recorded income. Non-marketable securities. measured at cost minus impairment adjusted for price changes. Fair value based inputs inactive market valuation requires judgment market prices lack liquidity. gains losses recognized in income Consolidated Statements of Income."
}
{
    "_id": "NVDA20230996",
    "title": "",
    "text": "assess impairment loss investments non equity securities factors. impairment write down investment value record charge Consolidated Statements Income."
}
{
    "_id": "NVDA20231002",
    "title": "",
    "text": "November 2023 Financial Accounting issued standard disclosures expenses. effective annual 2025 interim 2026. evaluating impact Consolidated Financial Statements."
}
{
    "_id": "NVDA20231003",
    "title": "",
    "text": "2023 FASB accounting standard income tax disclosures disaggregation. amendments effective 15 2024. Early adoption permitted retrospective application. adopt 2026. evaluating impact Consolidated Financial Statements."
}
{
    "_id": "NVDA20231006",
    "title": "",
    "text": "February 2022 NVIDIA SoftBank Share Purchase Agreement Arm. regulatory challenges. acquisition termination cost $1. 4 billion 2023 write-off prepayment."
}
{
    "_id": "NVDA20231008",
    "title": "",
    "text": "lease obligations headquarters office facilities data center 2025 2035."
}
{
    "_id": "NVDA20231023",
    "title": "",
    "text": "lease payments January 2024 Obligations 2025 2026 2027 2028 2029 2030 Total Less interest payments,347 short liabilities liabilities,119"
}
{
    "_id": "NVDA20231024",
    "title": "",
    "text": "operating leases data centers 2025 1 10 years. billion."
}
{
    "_id": "NVDA20231026",
    "title": "",
    "text": "lease expenses 2024 2022 $269 $193 $168 million. Short-term variable."
}
{
    "_id": "NVDA20231036",
    "title": "",
    "text": "leases Ended 28, 2024 2023 30 2022 millions cash flows cash flows leases#286#184 assets obligations#531"
}
{
    "_id": "NVDA20231037",
    "title": "",
    "text": "January 28, 2024 leases 6. years discount. 76%. January 2023 6. 8 years discount. 21%."
}
{
    "_id": "NVDA20231039",
    "title": "",
    "text": "stock compensation expense RSUs units corporate targets market conditions ESPP."
}
{
    "_id": "NVDA20231047",
    "title": "",
    "text": "Consolidated Statements Income stock compensation inventory 28, 2024 2023 30 2022 millions Cost revenue Research development Sales Total,710"
}
{
    "_id": "NVDA20231048",
    "title": "",
    "text": "Stock compensation 2024 2023."
}
{
    "_id": "NVDA20231060",
    "title": "",
    "text": "summary equity awards plans Ended 28, 2024 29, 2023 30, 2022 millions RSUs PSUs Market-based Awards granted grant-date value,316 average value share. Shares purchased average price share. grant-date value share."
}
{
    "_id": "NVDA20231062",
    "title": "",
    "text": "January 2024 $8. 6 billion stock compensation expense. 2. 5 years. 8 ESPP."
}
{
    "_id": "NVDA20231074",
    "title": "",
    "text": "value shares ESPP estimated assumptions Ended 28, 2024 2023 30 2022 Black-Scholes model average life years. Risk-free interest rate. 5% Volatility Dividend yield."
}
{
    "_id": "NVDA20231075",
    "title": "",
    "text": "ESPP shares expected term average offering purchase. risk-free interest rate rates Treasury bills. stock price volatility estimated historical volatility. dividend yield grant date. RSU market cash dividends discounted dividend yield."
}
{
    "_id": "NVDA20231076",
    "title": "",
    "text": "RSU market awards estimate forfeitures semi-annually revise differ. historical experience."
}
{
    "_id": "NVDA20231078",
    "title": "",
    "text": "grant stock options RSUs PSUs market purchase rights equity incentive plans. stock awards converted RSUs."
}
{
    "_id": "NVDA20231080",
    "title": "",
    "text": "shareholders NVIDIA 2007 Equity Incentive Plan."
}
{
    "_id": "NVDA20231081",
    "title": "",
    "text": "2007 Plan incentive non-statutory restricted stock RSUs appreciation rights performance cash employees directors consultants. employees options. January 2024 37 million shares stock. RSUs market-based PSUs 147 million shares future grants."
}
{
    "_id": "NVDA20231082",
    "title": "",
    "text": "exceptions RSUs employees vest four-year period continued service 25% anniversary 6. 25% quarterly three-year service 40% vesting anniversary 7. 5% quarterly four-year period continued service 6. 25% vesting quarterly. PSUs vest four-year 25% anniversary 6. 25% quarterly. Market-based PSUs vest 100% three-year anniversary. number shares determined Compensation Committee criteria."
}
{
    "_id": "NVDA20231084",
    "title": "",
    "text": "shareholders approved NVIDIA Employee Stock Purchase Plan."
}
{
    "_id": "NVDA20231086",
    "title": "",
    "text": "Employees 2012 Plan 15% earnings withheld purchase common stock. Board. period 24 months four purchase periods six months. common stock equal 85% fair market value. January 28, 2024 227 million shares future issuance 2012."
}
{
    "_id": "NVDA20231100",
    "title": "",
    "text": "summary equity transactions Market Value Balances Jan 29, 2023. Granted. 08 Vested. 56 Canceled forfeited. 35 Jan 28, 2024. 94 Vested Jan 28, 2024."
}
{
    "_id": "NVDA20231101",
    "title": "",
    "text": "January 28, 2023 147 160 million common stock equity."
}
{
    "_id": "NVDA20231102",
    "title": "",
    "text": "value PSUs 2022 $8. 2 billion $4. 3 billion $5. 6 billion."
}
{
    "_id": "NVDA20231117",
    "title": "",
    "text": "reconciliation diluted net income share 28, 2024 29, 2023 30 2022 millions Net income,760,368,752 shares,469 Dilutive equity awards Diluted,494 Net income share Basic. Diluted. Equity awards excluded diluted income anti-dilutive"
}
{
    "_id": "NVDA20231118",
    "title": "",
    "text": "income divided shares."
}
{
    "_id": "NVDA20231119",
    "title": "",
    "text": "income divided diluted."
}
{
    "_id": "NVDA20231122",
    "title": "",
    "text": "January 28, 2024 $4. 4 billion Compute Networking Graphics $4. 1 billion $370 million. January 29, 2023 $4. 4 billion $4. $370 million. increased $59 million 2024 Compute Networking. 2024 2023 2022 goodwill not impaired."
}
{
    "_id": "NVDA20231133",
    "title": "",
    "text": "amortizable assets 28, 2024 29, 2023 millions Acquisition-related intangible assets#2,642(1,720)(1,614) Patents licensed technology Total intangible assets#3,091(1,979),112(1,863)"
}
{
    "_id": "NVDA20231134",
    "title": "",
    "text": "quarter 2023 amortization $630 million research acquisition Mellanox."
}
{
    "_id": "NVDA20231135",
    "title": "",
    "text": "Amortization 2022 $614 $699 $563 million."
}
{
    "_id": "NVDA20231147",
    "title": "",
    "text": "table future amortization expense intangible assets January Amortization Expense 2025 2026 2027 2030,112"
}
{
    "_id": "NVDA20231152",
    "title": "",
    "text": "cash equivalents marketable securities-for-sale”."
}
{
    "_id": "NVDA20231176",
    "title": "",
    "text": "summary cash equivalents marketable securities 28, 2024 Cost Gain Fair Securities millions Corporate debt securities,126,231 U. S. Treasury,209 U. government agencies,333,244 Money market funds Certificates deposit Foreign government bonds Total,684,020,704 29, 2023 Cost Gain Fair Securities millions Corporate debt securities#4,809,710 securities U. S.Treasury,185,142 Debt securities. government Money market funds,777 Certificates deposit Foreign government bonds Total,112,055,148"
}
{
    "_id": "NVDA20231196",
    "title": "",
    "text": "tables unrealized losses investment category continuous loss 28, 2024 than 12 Months Months or Greater Fair Loss millions Debt securities U. S. Treasury,343 Corporate debt securities Debt securities U. government agencies Total,319,015 29, 2023 than 12 Months or Greater Fair Unrealized Loss millions Debt securities U. S.Treasury,444(21),172(23),616 Corporate debt securities Debt securities. government agencies Total(30)(28)(58)"
}
{
    "_id": "NVDA20231197",
    "title": "",
    "text": "losses fixed income securities interest rates. gains losses."
}
{
    "_id": "NVDA20231205",
    "title": "",
    "text": "amortized cost estimated value cash securities contractual maturity. 28, 29, 2023 millions Less year,336,738 1 - 5 years,684,112,055"
}
{
    "_id": "NVDA20231233",
    "title": "",
    "text": "fair values financial assets liabilities determined. review value hierarchy quarterly. Value Category 28, 29, 2023 millions Cash equivalents marketable securities Money market funds,777 Corporate debt securities,152. Treasury,142. government agencies,333 Certificates deposit Foreign government bonds Other assets Publicly-held equity securities Liabilities. 309% Notes Due 2023. 584% Notes Due 2024. 20% Due 2026. 55% 2028. 85% 2030,367,364. 2031.Notes 2040#851. Notes 2050. 70% Notes 2060#403"
}
{
    "_id": "NVDA20231234",
    "title": "",
    "text": "liabilities Consolidated Balance Sheets unamortized debt."
}
{
    "_id": "NVDA20231236",
    "title": "",
    "text": "investments non include marketable non-marketable. securities values recorded long-term assets Consolidated Balance Sheets changes. securities totaled $225 million $11 million January 28, 2024 January 29, 2023. gains losses not significant 2024 2023 2022."
}
{
    "_id": "NVDA20231238",
    "title": "",
    "text": "non equity securities Balance Sheets. $1. 3 billion $288 million January 28, 2024 2023. Gains losses recognized Statements."
}
{
    "_id": "NVDA20231251",
    "title": "",
    "text": "Adjustments non-marketable securities 28, 2024 Jan 29, 2023 Adjustments Net additions gains Impairments losses Carrying amount Jan,321"
}
{
    "_id": "NVDA20231252",
    "title": "",
    "text": "fourth quarter 2024 equity raise gain $178 million."
}
{
    "_id": "NVDA20231253",
    "title": "",
    "text": "unrealized gains January 28, 2024 non-marketable investments $174 million. equity 2023 2022."
}
{
    "_id": "NVDA20231258",
    "title": "",
    "text": "table summarizes gains losses non-marketable equity securities 28, 2024 millions gains losses impairments"
}
{
    "_id": "NVDA20231260",
    "title": "",
    "text": "24% 11% January 28, 2024. 14% 11% January 2023."
}
{
    "_id": "NVDA20231268",
    "title": "",
    "text": "balance sheet 28, 29, 2023 Inventories Raw materials,430 Finished goods inventories,282"
}
{
    "_id": "NVDA20231270",
    "title": "",
    "text": "2024 2023 inventory $774 million. billion cost."
}
{
    "_id": "NVDA20231283",
    "title": "",
    "text": "28, 29, 2023 Life millions years Property Equipment Buildings leasehold improvements furniture Equipment hardware software,303 Construction property equipment depreciation amortization net,807"
}
{
    "_id": "NVDA20231284",
    "title": "",
    "text": "non-depreciable."
}
{
    "_id": "NVDA20231285",
    "title": "",
    "text": "estimated lives thirty years. improvements leases amortized life lease term."
}
{
    "_id": "NVDA20231286",
    "title": "",
    "text": "represents assets not available balance sheet."
}
{
    "_id": "NVDA20231287",
    "title": "",
    "text": "Depreciation $894 $844 $611 million."
}
{
    "_id": "NVDA20231288",
    "title": "",
    "text": "amortization leases $400 $327 million January 2023."
}
{
    "_id": "NVDA20231296",
    "title": "",
    "text": "Property intangible assets 2024 2023 2022 $170 $374 million $258 million. 2023 Prepaid agreements Investments non Prepaid royalties assets,500,820"
}
{
    "_id": "NVDA20231298",
    "title": "",
    "text": "January 28, 2024 29, 2023 $2. billion $458 million agreements."
}
{
    "_id": "NVDA20231315",
    "title": "",
    "text": "28, 29, 2023 Liabilities accruals,196 Excess inventory Deferred revenue payroll expenses warranty Taxes leases Unsettled share repurchases Licenses royalties liabilities,120"
}
{
    "_id": "NVDA20231316",
    "title": "",
    "text": "2024 2023 expense $1. 4 billion. billion inventory obligations demand charges penalties underutilization."
}
{
    "_id": "NVDA20231326",
    "title": "",
    "text": "revenue customer advances deferrals hardware software license cloud services. $233 million $35 million 2024 2023. 29, 2023-Term Liabilities Income tax Deferred tax Deferred revenue Licenses liabilities"
}
{
    "_id": "NVDA20231327",
    "title": "",
    "text": "tax long-term one-time unrecognized benefits interest penalties."
}
{
    "_id": "NVDA20231328",
    "title": "",
    "text": "revenue includes hardware software."
}
{
    "_id": "NVDA20231336",
    "title": "",
    "text": "table shows deferred revenue 2024 2023. 28, 29, 2023 millions Balance Deferred revenue additions Revenue end,337"
}
{
    "_id": "NVDA20231337",
    "title": "",
    "text": "2024 deferred January 2023 $338 million. January 30 2022 $282 million."
}
{
    "_id": "NVDA20231339",
    "title": "",
    "text": "Revenue obligations license development hardware software. deferred revenue"
}
{
    "_id": "NVDA20231343",
    "title": "",
    "text": ". Revenue obligations deferred $1. 1 billion January 28, 2024. 40% revenue next twelve months remainder. excludes contracts one year less."
}
{
    "_id": "NVDA20231345",
    "title": "",
    "text": "enter foreign currency contracts impact exchange rate operating expenses. cash flow hedges. Gains losses recorded income reclassified expense recognized earnings."
}
{
    "_id": "NVDA20231346",
    "title": "",
    "text": "enter foreign currency contracts mitigate impact assets liabilities U. S. dollar. contracts not for hedge accounting. change fair value recorded offsets hedged currency assets liabilities."
}
{
    "_id": "NVDA20231351",
    "title": "",
    "text": "table foreign currency contracts 28, 29, 2023 cash flow hedges Non-designated"
}
{
    "_id": "NVDA20231352",
    "title": "",
    "text": "unrealized gains losses currency contracts January 2023."
}
{
    "_id": "NVDA20231353",
    "title": "",
    "text": "January 28, 2024 foreign currency contracts mature 18 months. gains losses deferred."
}
{
    "_id": "NVDA20231355",
    "title": "",
    "text": "years 2024 2023 impact instruments hedge accounting income instruments effective."
}
{
    "_id": "NVDA20231376",
    "title": "",
    "text": "value notes interest rates Remaining Term Interest Rate 28, 29, 2023. 309% 2023. 41%. 584% 2024. 66%. 2026. 31%. 55% 2028. 64%. 85% 2030. 93%. 50% 2040. 54%. 2050. 54%. 70% 2060. 73% Unamortized debt discount issuance costs Net carrying amount,953 short-term long-term,459,703"
}
{
    "_id": "NVDA20231377",
    "title": "",
    "text": "2024. 309% 2023."
}
{
    "_id": "NVDA20231378",
    "title": "",
    "text": "unsecured senior obligations. liabilities subsidiaries. pay interest semi-annually. redeem maturity make-whole premium."
}
{
    "_id": "NVDA20231379",
    "title": "",
    "text": "January 28, 2024 covenants non-financial notes."
}
{
    "_id": "NVDA20231381",
    "title": "",
    "text": "$575 million paper program. January 2024 paper."
}
{
    "_id": "NVDA20231384",
    "title": "",
    "text": "purchase obligations components supply agreements software licenses goods services assets."
}
{
    "_id": "NVDA20231386",
    "title": "",
    "text": "January 28, 2024 inventory-term supply obligations $16. 1 billion. agreements contract manufacturers criteria cancel reschedule adjust costs. non-inventory obligations $4. 6 billion $3. 5 billion multi-year cloud service agreements research development."
}
{
    "_id": "NVDA20231399",
    "title": "",
    "text": "commitments January 2024 2025,316 2026,143 2027 2028 2029,707"
}
{
    "_id": "NVDA20231408",
    "title": "",
    "text": "product warranty liabilities $306 million $82 million January 28, 29, 2023. returns warranty activity Ended 28, 2024 29, 2023 30 2022 Balance Additions"
}
{
    "_id": "NVDA20231409",
    "title": "",
    "text": "2024 2023 warranty Compute Networking."
}
{
    "_id": "NVDA20231410",
    "title": "",
    "text": "provided indemnities tax product employee liabilities. included intellectual property technology agreements. payments liability. liability Consolidated Financial Statements."
}
{
    "_id": "NVDA20231414",
    "title": "",
    "text": "plaintiffs lawsuit 4:18-cv-07669-HSG filed December 21, 2018 Northern California NVIDIA Corporation Securities Litigation amended complaint May 13, 2020. NVIDIA executives violated Securities Exchange Act 1934 SEC Rule 10b-5 false statements channel inventory cryptocurrency mining GPU demand May 10 2017 November 14 2018. NVIDIA executives violated 20(a Exchange Act. sought class certification damages costs expenses relief. March 2, 2021 district court granted judgment closed case. March 30, 2021 appeal Ninth Circuit 21-15604. August 25, 2023 Ninth Circuit affirmed reversed dismissal third. November 15, 2023 Ninth Circuit denied petition rehearing. November 21, 2023 stay mandate writ certiorari"
}
{
    "_id": "NVDA20231418",
    "title": "",
    "text": ". December 5 2023 Ninth Circuit mandate. deadline March 4 2024."
}
{
    "_id": "NVDA20231419",
    "title": "",
    "text": "lawsuit Northern District California 4:19-cv-00341-HSG filed January 18 2019 NVIDIA Corporation stayed. February 22, 2022 court closed. Ninth denial petition November 15, 2023 parties next steps. lawsuit claims officers directors breach fiduciary duty unjust enrichment waste assets violations Sections 14 10 20(a Exchange Act false misleading statements cryptocurrency mining GPU demand. damages relief reforms corporate governance procedures."
}
{
    "_id": "NVDA20231420",
    "title": "",
    "text": "actions filed 2019 Delaware Lipchitz. Huang. Nelson. stayed NVIDIA Securities. Ninth denial November 15 2023 parties. lawsuits officers directors breach fiduciary duty unjust enrichment insider trading misappropriation corporate waste violations 14 10 20 Exchange Act false misleading statements cryptocurrency mining GPU demand. plaintiffs seek damages relief profits NVIDIA stock corporate governance measures."
}
{
    "_id": "NVDA20231421",
    "title": "",
    "text": "filed October 30 2023 Delaware Horanic. Huang. 2023-1096. claims officers directors breach fiduciary duty insider trading false statements cryptocurrency mining GPU. plaintiffs seek damages profits NVIDIA stock corporate governance. stayed resolution NVIDIA Securities Litigation."
}
{
    "_id": "NVDA20231424",
    "title": "",
    "text": "January 28, 2024 recorded accrual contingent liabilities legal proceedings not probable. except loss estimated. engaged legal actions not ordinary business no assurance outcomes believe ultimate outcome operating results liquidity financial position."
}
{
    "_id": "NVDA20231443",
    "title": "",
    "text": "income tax expense Ended 28, 2024 2023 30 2022 Current taxes Federal State Foreign Deferred taxes Federal,499),165 State Foreign deferred,489,164 Income tax expense#4,058"
}
{
    "_id": "NVDA20231450",
    "title": "",
    "text": "tax Ended 28, 2024 2023 30 2022 millions.,495,446 Foreign,323 before tax,818,181"
}
{
    "_id": "NVDA20231466",
    "title": "",
    "text": "income tax expense differs U. S. federal statutory rate 21% before taxes Ended 28, 2024 29, 2023 30, 2022 millions Tax expense federal statutory rate,102. Expense from State income taxes net federal tax effect. Foreign-derived intangible income(1,408). Stock compensation. Foreign tax rate differential. federal research development tax credit. Acquisition termination cost. IP domestication. Other.Income tax expense (benefit,058.#189."
}
{
    "_id": "NVDA20231491",
    "title": "",
    "text": "tax effect deferred tax assets liabilities 28, 29, 2023 Deferred tax assets research development reserves deductible Research tax credit lease liabilities Stock compensation Property equipment intangible assets deferred tax deferred tax,154 valuation allowance liabilities Unremitted earnings foreign subsidiaries Operating lease Acquired intangibles tax liabilities deferred tax,148"
}
{
    "_id": "NVDA20231492",
    "title": "",
    "text": "deferred tax $6. $3. 4 billion $462 million $247 million 2024 2023. Balance Sheets."
}
{
    "_id": "NVDA20231493",
    "title": "",
    "text": "January 28, 2024 reinvest $1. 1 billion $250 million earnings subsidiaries Israel United Kingdom. deferred tax liabilities."
}
{
    "_id": "NVDA20231494",
    "title": "",
    "text": "January 28, 2024 2023 valuation allowance $1. 6 billion $1. 5 billion capital loss carryforwards deferred tax assets projections future taxable income. income tax benefits."
}
{
    "_id": "NVDA20231495",
    "title": "",
    "text": "January 28, 2024. federal state foreign loss carryforwards $315 $342 $361 million. 2026 2025. foreign $361 million indefinitely. federal tax credit carryforwards $31 million 2025. state research tax credit carryforwards $1. 6 billion. $1. 5 billion California $75 million 2025. federal capital loss $1. 4 billion 2025."
}
{
    "_id": "NVDA20231497",
    "title": "",
    "text": "tax attributes audit adjusted for laws interpretations facts circumstances. Utilization ownership changes Internal Revenue Code tax provisions. expire denied before utilization."
}
{
    "_id": "NVDA20231510",
    "title": "",
    "text": "reconciliation tax benefits 28, 2024 29, 2023 30, 2022 millions Balance#1,238 current prior years Settlements Lapse statute limitations Balance end period#1,670#1,238#1,013"
}
{
    "_id": "NVDA20231511",
    "title": "",
    "text": "unrecognized tax January 28, 2024 $1. billion rate."
}
{
    "_id": "NVDA20231512",
    "title": "",
    "text": "unrecognized tax benefit current liability refundable anticipate payment receipt cash taxes year. long-term liability refundable anticipate payment."
}
{
    "_id": "NVDA20231513",
    "title": "",
    "text": "interest penalties tax benefits tax expense. recognized interest penalties $42 million $33 million $14 million 2024 2023. January 28, 2024 2023 accrued $140 million $95 million interest penalties not."
}
{
    "_id": "NVDA20231514",
    "title": "",
    "text": "believe provided tax positions asserted authorities accrued. provisions federal tax matters change revised estimates matters. January 28, 2024 identified positions unrecognized tax benefits increase next twelve months."
}
{
    "_id": "NVDA20231515",
    "title": "",
    "text": "subject States. January 2024 tax jurisdictions United States 2020 China Germany Hong Kong India Israel Taiwan Kingdom 2005 2023. 2024 Germany India Israel Taiwan 2005 2023."
}
{
    "_id": "NVDA20231518",
    "title": "",
    "text": "2023 repurchase $25. billion. 2024 repurchased 21 million shares $9. 7 billion. January 28, 2024 repurchase $22. 5 billion. February 16 2024 repurchased 2. 8 million shares $1. 9 billion Rule 10b5-1. dilution."
}
{
    "_id": "NVDA20231519",
    "title": "",
    "text": "fiscal years 2024 2023 2022 paid $395 million $398 $399 million cash dividends shareholders. future subject Board Directors determination."
}
{
    "_id": "NVDA20231521",
    "title": "",
    "text": "2022 retired 349 million treasury shares. authorized unissued. repurchase price allocated earnings capital $20 million earnings $12. billion. future shares authorized."
}
{
    "_id": "NVDA20231526",
    "title": "",
    "text": "provide tax contribution plans. countries. 2024 2023 $255 $227 $168 million."
}
{
    "_id": "NVDA20231528",
    "title": "",
    "text": "Chief Executive Officer decision maker reviews financial information assessing performance."
}
{
    "_id": "NVDA20231529",
    "title": "",
    "text": "Compute Networking Data Center networking automotive autonomous driving electric Jetson robotics NVIDIA AI DGX Cloud."
}
{
    "_id": "NVDA20231530",
    "title": "",
    "text": "Graphics GeForce GPUs NOW Quadro RTX GPUs virtual GPU software automotive platforms infotainment Omniverse Enterprise software 3D."
}
{
    "_id": "NVDA20231531",
    "title": "",
    "text": "Operating results segment attributable leveraged unified architecture allocated between segments."
}
{
    "_id": "NVDA20231532",
    "title": "",
    "text": "category expenses CODM Compute Networking Graphics financial performance. expenses include stock compensation infrastructure acquisition intellectual property IP acquisition termination non charges benefits."
}
{
    "_id": "NVDA20231545",
    "title": "",
    "text": "CODM total assets. Depreciation amortization included results. evaluate presented. no intersegment revenue. accounting policies same consolidated financial statements. table segments category. Networking millions Ended Jan 28, 2024 Revenue#47,405#13,517,922 Operating income (loss,016 Ended Jan 29, 2023 Revenue,068,906 Operating income (loss,083 Ended Jan 30, 2022 Revenue,046,868 Operating income (loss)#4,598,492,041"
}
{
    "_id": "NVDA20231560",
    "title": "",
    "text": "Ended 28, 2024 2023 30 2022 millions Reconciling items Stock compensation expense revenue expenses Acquisition IP legal settlement Restructuring Acquisition termination cost,353(4,890),411)(3,049)"
}
{
    "_id": "NVDA20231569",
    "title": "",
    "text": "Revenue areas billing. Revenue 28, 2024 29, 2023 30 2022 Revenue millions United States,966,292,349 Taiwan China Hong Kong,111 Other countries,245 Total revenue,922"
}
{
    "_id": "NVDA20231570",
    "title": "",
    "text": "outside 56% 69% 84% revenue 2024 2023 2022. increase 2024 due higher. Compute Networking demand."
}
{
    "_id": "NVDA20231571",
    "title": "",
    "text": "customer 13% revenue 2024 Compute Networking. No 10% 2023 2022."
}
{
    "_id": "NVDA20231582",
    "title": "",
    "text": "table summarizes revenue 28, 2024 2023 30 2022 Revenue millions Data Center,005 Gaming Professional Visualization Automotive OEM Other,162 revenue,922"
}
{
    "_id": "NVDA20231594",
    "title": "",
    "text": "table long-lived assets country. property equipment exclude goodwill intangible. 28, 29, 2023 United States Taiwan Israel Other countries,807"
}
{
    "_id": "NVDA20231610",
    "title": "",
    "text": "Beginning End millions Fiscal year 2024 Allowance doubtful accounts Sales return allowance#213 Deferred tax valuation allowance Fiscal year 2023 Allowance doubtful accounts#4 Sales return allowance#104 Deferred tax valuation allowance#907 Fiscal year 2022 Allowance doubtful accounts#4 Sales return allowance Deferred tax valuation allowance#728#179"
}
{
    "_id": "NVDA20231611",
    "title": "",
    "text": "balances deductions write-offs."
}
{
    "_id": "NVDA20231612",
    "title": "",
    "text": "returns reduction revenue balance."
}
{
    "_id": "NVDA20231613",
    "title": "",
    "text": "valuation deferred tax. Additions capital carryforwards deferred. Deductions. Note 14 Consolidated Financial Statements Part IV Item 15 Annual Form 10-K."
}
{
    "_id": "NVDA20231615",
    "title": "",
    "text": "returns."
}
{
    "_id": "NVDA20231668",
    "title": "",
    "text": "Reference Exhibit. Description. Plan Merger March 10 2019 NVIDIA International Holdings. Mellanox Technologies. Teal Barvaz. Purchase Agreement September 13, 2020 NVIDIA Holdings SoftBank Vision Fund. Certificate Incorporation. Certificate. NVIDIA Amended Restated March 2 2023. Exhibits 3. Stock Certificate. September 16 2016, Company Computershare Trust Company. successor Wells Fargo Bank Trustee. Certificate September 16 2016. 2026 B-1 Exhibit 4. Securities. Certificate March 31, 2020. 2030 Exhibit. B-1 Exhibit.2050 C-1 Exhibit 4. 2060 D-1 Exhibit 4.' Certificate June 16 2021. 2023 A-1 Exhibit 4. 2024 B-1 Exhibit 4. 2028 C-1 Exhibit 4. 2031 D-1 Exhibit 4. Indemnity Agreement NVIDIA Corporation directors officers. 2007 Equity Incentive Plan. Non-Employee Director Deferred Restricted Stock Unit Grant Notice Agreement. Stock Unit Grant. Global Performance-Based Restricted Stock Unit Grant Agreement. Equity Incentive Plan Global Restricted Stock Unit Grant Agreement.Restated 2007 Equity Incentive Plan Global Restricted Stock Unit Agreement (2021). Restated 2007 Plan (2022). Restated 2007 Plan Agreement (2023). Restated 2012 Employee Stock Purchase Plan. Compensation Plan Fiscal Year 2023. Compensation Plan Fiscal Year 2024. Commercial Paper Dealer Agreement NVIDIA Corporation Dealer. Registrant. PricewaterhouseCoopers LLP. Attorney signature. Chief Executive Officer Rule 13a-14 Securities Exchange Act 1934. Financial Officer. Executive Officer Rule 13a-14. Recovery Policy amended restated November 30 2023. Instance Document.Taxonomy Extension Schema 101. CAL Calculation 101. DEF Definition 101. LAB Labels 101. Presentation Page Interactive Data File appear XBRL tags Inline XBRL"
}
{
    "_id": "NVDA20231669",
    "title": "",
    "text": "Filed."
}
{
    "_id": "NVDA20231671",
    "title": "",
    "text": "Management contract compensatory plan. Regulation S SEC Release. 33-8238 34-47986 Reports Control Financial Reporting Certification Disclosure Exchange Act certifications Exhibits 32. 2 Annual Report Form 10-K not Section 18 Exchange Act. Securities Act Exchange Act."
}
{
    "_id": "NVDA20231672",
    "title": "",
    "text": "exhibits schedules omitted Regulation."
}
{
    "_id": "NVDA20231673",
    "title": "",
    "text": "exhibits available shareholder request"
}
{
    "_id": "NVDA20231674",
    "title": "",
    "text": "2788 Tomas Santa Clara"
}
{
    "_id": "NVDA20231677",
    "title": "",
    "text": "."
}
{
    "_id": "NVDA20231683",
    "title": "",
    "text": "Securities Exchange Act 1934 Registrant report undersigned February 21, 2024. Corporation Jen-Hsun Huang Chief Executive Officer"
}
{
    "_id": "NVDA20231686",
    "title": "",
    "text": "KNOW ALL PERSONS PRESENTS each person signature below Jen-Hsun Huang Colette M. Kress his true lawful attorney-in-fact agent full power substitution resubstitution name sign amendments report file exhibits documents Securities Exchange Commission granting attorneys-in agents full power authority perform act requisite necessary ratifying confirming attorneys-in-fact agents substitutes lawfully do."
}
{
    "_id": "NVDA20231720",
    "title": "",
    "text": "Securities Exchange Act 1934 report signed registrant capacities dates. Signature-HSUN HUANG Chief Executive Officer Director 21, 2024 COLETTE M. KRESS Vice President Chief Financial Officer. DONALD ROBERTSON President Chief Accounting Officer ROBERT BURGESS TENCH COXE JOHN O. DABIRI. PERSIS DRELL DAWN HUDSON HARVEY C. JONES. MELISSA B. LORA. MICHAEL MCCAFFERY STEPHEN C. NEAL. L. PERRY. A. BROOKE SEAWELL 21,.Brooke Seawell AARTI SHAH 21, STEVENS"
}
{
    "_id": "ORCL20230003",
    "title": "",
    "text": "Oracle provides products services enterprise needs. applications infrastructure delivered worldwide flexible deployment models. include on-premise cloud-based hybrid deployments Oracle Exadata Cloud@Customer Dedicated Region multicloud options. offer choice flexibility product service deployment combinations. customers include businesses government agencies educational institutions resellers Oracle Partner Network. customers build deploy run manage support products services business operations artificial company Oracle Cloud Infrastructure technology company financial institution Exadata Cloud@Customer consumer Oracle Fusion Cloud accounting risk management supply chain financial planning."
}
{
    "_id": "ORCL20230004",
    "title": "",
    "text": "Oracle SaaS OCI Cloud Services provide applications infrastructure business needs. integrate IT components software hardware services cloud-based environment deploys manages supports upgrades devices."
}
{
    "_id": "ORCL20230005",
    "title": "",
    "text": "Oracle Cloud Services rapidly deployable innovation intuitive maintainable upgrade testing work connectable interoperability workloads cost-effective investments usage-based costs secure standards-based reliable."
}
{
    "_id": "ORCL20230006",
    "title": "",
    "text": "Oracle cloud on-premise license include Applications Database Middleware Cloud-premise. customers purchase license support contracts Oracle license."
}
{
    "_id": "ORCL20230007",
    "title": "",
    "text": "products Engineered Systems servers storage industry-specific. Customers contracts."
}
{
    "_id": "ORCL20230008",
    "title": "",
    "text": "offers services customers maximize investments products."
}
{
    "_id": "ORCL20230009",
    "title": "",
    "text": "choice flexibility Oracle customers applications important strategy. broad comprehensive flexible interoperable deployment models growth strategy addresses needs competitors fewer restrictive models less flexibility transition cloud."
}
{
    "_id": "ORCL20230011",
    "title": "",
    "text": "investments Oracle products services corporate strategy. 2024 2023 2022 invested $8. 9 billion $8. 6 billion $7. 2 billion research development new technologies services. infrastructure"
}
{
    "_id": "ORCL20230013",
    "title": "",
    "text": "OCI Oracle Cloud SaaS applications internal business processes. focus improving performance security reliability operation integration cost-effectiveness deploy manage incorporating AI business processes automation innovation. Oracle Autonomous Database transformational infrastructure OCI machine learning manual functions."
}
{
    "_id": "ORCL20230014",
    "title": "",
    "text": "purchase Oracle products customers benefit IT expertise Oracle support license hardware deployments product enhancements renewing Oracle Cloud Services contracts."
}
{
    "_id": "ORCL20230015",
    "title": "",
    "text": "selective acquisition program corporate strategy. acquisitions enhance products services expand base innovation grow revenues earnings increase stockholder value. invested billions companies products services technologies offerings. expect continue strategy."
}
{
    "_id": "ORCL20230016",
    "title": "",
    "text": "three businesses cloud license hardware services. single segment. Item 7 Financial Condition Results Operations Note 14 Financial Statements information."
}
{
    "_id": "ORCL20230017",
    "title": "",
    "text": "incorporated 2005 Delaware successor 1977."
}
{
    "_id": "ORCL20230019",
    "title": "",
    "text": "Oracle’s portfolio IT needs business process infrastructure development. technologies industry standards enterprise-grade reliable scalable secure. database enterprise virtualization clustering large-scale systems management infrastructure Cloud Services environments. marketed sold cloud license hardware businesses delivered Cloud deployment models-based hybrid on."
}
{
    "_id": "ORCL20230020",
    "title": "",
    "text": "Oracle Cloud Services expand cloud license business. customers recognize Oracle cloud applications infrastructure lower cost rapidly deployable flexible interoperable services model. market sell Oracle Cloud Services help customers migrate-premise cloud applications Oracle Cloud early stages migration Oracle customer base Cloud. market Oracle Cloud Services small medium-sized businesses non-IT purchasers developers partners intuitive design access low touch low cost Cloud."
}
{
    "_id": "ORCL20230022",
    "title": "",
    "text": "customer demand applications infrastructure Oracle Cloud increased. enable choice"
}
{
    "_id": "ORCL20230024",
    "title": "",
    "text": "programs applications infrastructure Oracle Cloud deployments workloads. cloud services revenues increased represented 37% 32% 25% revenues 2024 2023 2022. expect trends continue."
}
{
    "_id": "ORCL20230026",
    "title": "",
    "text": "Oracle applications technologies marketed sold delivered supported cloud license business. services revenues represented 46% 47% 42% 2024 2023 2022. include Cloud SaaS license license support. reduce risk cost complexity IT flexible deployment models performance agility compatibility extendibility. standard business functions innovate. business automation requirements industries. industry-specific applications automotive communications construction energy financial services food beverage government education healthcare high technology hospitality industrial manufacturing life sciences media entertainment oil gas professional services public safety retail travel transportation wholesale distribution."
}
{
    "_id": "ORCL20230034",
    "title": "",
    "text": "Oracle’s Cloud SaaS offerings software applications cloud-based IT environment deploy manage upgrade support subscription agreement. access web browsers devices. built open standards SQL Java HTML5 for accessibility integration development. business innovation platform OCI include modular next-generation cloud software applications functions •Oracle Fusion Cloud ERP solution decision making workforce productivity back-office operations single data security model interface Enterprise Performance Management financial performance plans financial account reconciliation reporting requirements Supply Chain Manufacturing Management digitize supply chains Human Capital Management develop retain talent collaboration insights business process efficiency HCM applications from devices Fusion Sales, Service Marketing personalized customer experiences"
}
{
    "_id": "ORCL20230037",
    "title": "",
    "text": "Applications Suite small medium-sized organizations unified cloud-based financials ERP customer human resources professional services commerce Cerner healthcare applications better healthcare."
}
{
    "_id": "ORCL20230038",
    "title": "",
    "text": "cloud solutions communications construction education government healthcare hospitality manufacturing retail."
}
{
    "_id": "ORCL20230039",
    "title": "",
    "text": "Customers partners subscribe Oracle infrastructure training online cloud Oracle University. unlimited access content subscription."
}
{
    "_id": "ORCL20230040",
    "title": "",
    "text": "SaaS offerings differentiate us competitors. support connected business processes cloud centered intuitive user experience responsive flexible business core common data model. Oracle Fusion Cloud ERP foundational business value Oracle data model. SaaS offerings remove business boundaries front- back-office. secure data isolation flexible upgrades self-service access controls Service-Oriented Architecture social mobile business insight capabilities high performance availability infrastructure OCI. simplify IT environments reduce time upgrade agility risk intuitive experience focus resources business growth. incorporate technologies AI Internet-of-Things machine learning blockchain digital assistants productivity."
}
{
    "_id": "ORCL20230042",
    "title": "",
    "text": "Customers license Oracle E-Business Suite PeopleSoft Edwards Siebel Cloud-premise environments. business functions HCM ERP EPM SCM Customer Experience industry-specific."
}
{
    "_id": "ORCL20230045",
    "title": "",
    "text": "Oracle license support offerings cloud license business. option purchase license support contracts Oracle Applications licenses. customers contracts Oracle applications infrastructure licenses Cloud. protect enhance investments Oracle applications infrastructure provide proactive personalized support services Lifetime Support license enhancements upgrades support period. customers renew contracts expiration technical support updates enhancements. contracts"
}
{
    "_id": "ORCL20230047",
    "title": "",
    "text": "priced percentage net fees license one year billed annually."
}
{
    "_id": "ORCL20230049",
    "title": "",
    "text": "Oracle technologies sold cloud hardware. flexible cost standards-based secure highly-performant development deployment cloud on-premise hybrid."
}
{
    "_id": "ORCL20230050",
    "title": "",
    "text": "cloud license infrastructure technologies include Oracle MySQL Database popular Java middleware development tools. available subscription OCI purchase license support Oracle Cloud. OCI offerings include cloud-based compute storage networking application development cloud native services AI Infrastructure emerging technologies generative AI blockchain."
}
{
    "_id": "ORCL20230051",
    "title": "",
    "text": "hardware products software Oracle Engineered Systems servers storage solutions hardware virtualization operating systems management support services. customers use Oracle-premise deliver products."
}
{
    "_id": "ORCL20230052",
    "title": "",
    "text": "design infrastructure technologies on-premise IT environments Oracle non-Oracle hardware software. flexible approach provides choice Cloud on-premise data centers hybrid Exadata Cloud. focus operation integration Oracle infrastructure technologies improve computing performance. Oracle Exadata Database Machine integrates Oracle technology components improved performance availability scalability security operational efficiency."
}
{
    "_id": "ORCL20230054",
    "title": "",
    "text": "Oracle infrastructure technologies marketed sold cloud license. revenues 54% 2024 2023 2022."
}
{
    "_id": "ORCL20230057",
    "title": "",
    "text": "OCI Next-Generation Cloud Infrastructure infrastructure technologies compute storage networking services. Oracle Autonomous Database runs manages upgrades supports. prepaid fee services consumed. leverage Oracle Cloud enterprise-grade high performance scalable cost secure infrastructure technologies rapidly deployable real-time elasticity time resources. OCI cloud computers compute nodes. OCI applications low-code AI cloud"
}
{
    "_id": "ORCL20230059",
    "title": "",
    "text": "run workloads move Cloud data centers. invest OCI improve features performance expand cloud infrastructure tools services increase capacity geographic footprint simplify migrating run workloads environments Oracle Cloud third-party clouds hybrid multicloud models."
}
{
    "_id": "ORCL20230060",
    "title": "",
    "text": "Oracle customers OCI Database Java Middleware open source data management Database MySQL applications development integration content management IT governance security machine learning. OCI AI applications predictive use cases servicing machine parts fault detection assembly stocking shelves credit fraud detection financial modeling."
}
{
    "_id": "ORCL20230061",
    "title": "",
    "text": "Oracle utilize OCI scalable secure compute storage networking. virtual machines servers high I/O performance. storage block file object archive. networking connectivity edge data centers clouds distributed multicloud architectures."
}
{
    "_id": "ORCL20230068",
    "title": "",
    "text": "OCI offerings Oracle public cloud regions multicloud partnerships flexibility OCI services within data center •Oracle Exadata Cloud@Customer Oracle Autonomous Database Oracle Database securely data centers managed Oracle Dedicated Region self OCI OCI Oracle Cloud SaaS offerings Sovereign Cloud OCI services latency restrictions regulated industries. sovereign AI regulatory environments Alloy control commercial customer experience needs cloud services Roving Edge Infrastructure access cloud computing storage services edge networks disconnected locations deployment cloud data."
}
{
    "_id": "ORCL20230071",
    "title": "",
    "text": "Oracle Autonomous Database performance scale enterprise workloads automated operations machine learning optimization Oracle technologies OCI Exadata machine learning. self-driving administration maintenance tuning patching security backup. labor costs error machine learning diagnostics automatic threat detection remediation. on automatic scaling consumption-based pricing costs resources. integration Cloud services Java Cloud APEX open interfaces integrations platform cloud applications."
}
{
    "_id": "ORCL20230075",
    "title": "",
    "text": "Oracle Autonomous Database easy analytics tools machine learning accelerated infrastructure Analytics Cloud third-party analytics tools. developer capabilities automation deploy cloud data lake houses."
}
{
    "_id": "ORCL20230076",
    "title": "",
    "text": "capabilities organizations customer behavior anticipate demand align workforce deployment accelerate operations. Oracle Autonomous Database high-performance transactions. dynamic workloads real analysis administration costs. available OCI on-premise Oracle Exadata Cloud@Customer OCI Dedicated Region."
}
{
    "_id": "ORCL20230078",
    "title": "",
    "text": "Oracle OCI Autonomous specialized databases including MySQL popular open source HeatWave-premise. HeatWave combines transactions real-time machine learning generative AI service."
}
{
    "_id": "ORCL20230081",
    "title": "",
    "text": "Oracle Database popular enterprise reliable secure storage retrieval manipulation data. licensed businesses organizations for purposes Cloud cloud custom applications transaction processing data warehousing business. deployed in environments Oracle Cloud Exadata Cloud@Customer OCI Dedicated Region cloud on-premise data centers. Enterprise Edition available optional add-on products. customers purchase license support. Database cloud service Exadata Base Database."
}
{
    "_id": "ORCL20230084",
    "title": "",
    "text": "license Oracle Middleware application infrastructure software Oracle Cloud on-premise data centers environments. design integrate non-Oracle applications processes scale security compliance lifecycles business intelligence. Java custom packaged composite applications time-to-deployment. IT investments Oracle non-Oracle databases middleware open architecture industry standards. supports multiple development languages tools deploy globally websites portals cloud."
}
{
    "_id": "ORCL20230085",
    "title": "",
    "text": "Oracle WebLogic Server Java Oracle Identity Manager user identity provisioning identities resources. purchase license support Oracle Middleware licenses. offer middleware capabilities OCI offerings."
}
{
    "_id": "ORCL20230087",
    "title": "",
    "text": "Java popular programming language cloud microservices analytics data management blockchain security integration platforms websites enterprise applications devices large-scale systems. software single independent operating hardware architecture. adopted software vendors enterprise organizations. Oracle steward Java platform ecosystem. Customers purchase Java subscriptions licenses support. deployments security updates technology innovations."
}
{
    "_id": "ORCL20230089",
    "title": "",
    "text": "Oracle technologies marketed sold delivered hardware business cloud-premise environments."
}
{
    "_id": "ORCL20230092",
    "title": "",
    "text": "Oracle Engineered Systems core cloud on-premise data center infrastructure. pre-built Oracle components storage operating networking hardware. improved performance scalability availability security operational efficiency maintenance security single solution patching. Exadata Database Machine higher performance scalability availability lower cost Database storage operating system server storage networking hardware. flexible deployment options on-premise cloud hybrid cloud."
}
{
    "_id": "ORCL20230095",
    "title": "",
    "text": "offer Oracle server products mission-critical enterprise environments key Engineered Systems Cloud. two families Oracle SPARC microprocessor reliability security scalability UNIX environments x86 microprocessors. server sizes microprocessors customers choose IT."
}
{
    "_id": "ORCL20230097",
    "title": "",
    "text": "storage products cloud on-premise hybrid archive data. flash disk tape server technologies software integrations Oracle Database performance lower cost. Oracle Cloud Services backup archiving."
}
{
    "_id": "ORCL20230099",
    "title": "",
    "text": "offer hardware industries point-of-sale terminals food beverage hospitality retail healthcare communications networks signaling routing policy control data management 5G."
}
{
    "_id": "ORCL20230101",
    "title": "",
    "text": "operating systems Oracle Linux Solaris virtualization hardware. management technologies Oracle Enterprise Manager Cloud Observability Management platform IT environments."
}
{
    "_id": "ORCL20230103",
    "title": "",
    "text": "Oracle hardware support software updates essential operating systems firmware. repairs maintenance technical support. support processes identify solve quality issues. contracts priced fees."
}
{
    "_id": "ORCL20230108",
    "title": "",
    "text": "offer services maximize Oracle applications infrastructure technologies. differentiated expertise Oracle experience intellectual property best practices. include services architect deploy cloud license offerings IT strategy alignment enterprise architecture planning implementation integration application development security assessments software enhancements upgrades. global blended delivery model consultants local industry global customer services increased performance availability."
}
{
    "_id": "ORCL20230111",
    "title": "",
    "text": "Oracle Cloud Operations deliver Services secure reliable scalable enterprise infrastructure managed by employees global data Oracle Cloud. enables secure isolated instances devices. automated software tools rapid delivery latest cloud technology. invested in expansion increasing data center capacity adding new locations demand. expect trend."
}
{
    "_id": "ORCL20230113",
    "title": "",
    "text": "rely third-party partners hardware products Oracle Cloud Services distribute from facilities. manufacturing processes standardization components centralization assembly distribution centers. materials supplies subassemblies full assemblies from suppliers. alternative sources. rely sole sources certain components. monitor risks disruption supply chain. Risk Factors Item 1A Annual Report challenges sources availability risks."
}
{
    "_id": "ORCL20230115",
    "title": "",
    "text": "market sell cloud license hardware support government agencies educational institutions. indirect channels."
}
{
    "_id": "ORCL20230116",
    "title": "",
    "text": "United States. sales services employees based throughout. international subsidiaries sell support service local foreign countries. geographic coverage expertise global stability economic trends new markets. international operations subject risks described Risk Factors Item 1A Annual Report. summary domestic international revenues assets Note 14 Consolidated Financial Statements."
}
{
    "_id": "ORCL20230117",
    "title": "",
    "text": "market product worldwide indirect channels. companies members Oracle Partner Network. manages relationships companies cloud hardware suppliers system integrators resellers innovative solutions services. access product educational information technical services marketing sales support extends market reach resources solutions."
}
{
    "_id": "ORCL20230120",
    "title": "",
    "text": "develop products services internally global workforce. extended products intellectual property acquisitions. purchase license intellectual property rights. Internal development control design"
}
{
    "_id": "ORCL20230122",
    "title": "",
    "text": "products. U. S. foreign patents applications products technology. patents business dependent on single patent. Rapid advances cloud software hardware standards changing customer needs product introductions characterize markets. plan dedicate resources research development improve products services."
}
{
    "_id": "ORCL20230124",
    "title": "",
    "text": "Oracle success driven quality people best brightest. strive attract retain support success-being foster culture innovation. Board of Directors oversees Compensation Committee human capital management talent acquisition retention."
}
{
    "_id": "ORCL20230129",
    "title": "",
    "text": "May 31, 2024 employed 159,000 full-time 58,000. 101,000 internationally. 28,000 services license 32,000 marketing development administrative"
}
{
    "_id": "ORCL20230130",
    "title": "",
    "text": "average tenure eight 29% Oracle ten years."
}
{
    "_id": "ORCL20230131",
    "title": "",
    "text": "employees. represented labor unions foreign subsidiaries labor unions."
}
{
    "_id": "ORCL20230136",
    "title": "",
    "text": "C&I powers innovation. promoting inclusive culture acceptance opportunities workforce help solve problems. focus C&I organization. Chief Executive Officer woman forty percent Board of Directors women diverse background. hire employees diverse backgrounds experiences perspectives abilities Oracle’s leaders role models inclusive culture. enable employees careers build networks foster skills Employee Resource Groups. build inclusive hiring strategies progress accountable diverse representation. programs supported Oracle leaders sponsorship Inclusive Leadership Council actions five C&I Imperatives Talent Analytics •Multi-Generation investment"
}
{
    "_id": "ORCL20230140",
    "title": "",
    "text": "increasing belonging acceptance talent retention growth mindset inclusive perspectives voices Hiring expanding practices equitable representation."
}
{
    "_id": "ORCL20230141",
    "title": "",
    "text": "Oracle Human Resources partners leaders C&I plans strategies. Employee satisfaction C&I diverse perspectives high engagement surveys."
}
{
    "_id": "ORCL20230142",
    "title": "",
    "text": "progress commitment C&I. Best Companies Women Forbes Best Diversity Best Place Work Disability Equality Index Best Place LGBTQ+ Equality 5-Star Employer VETS Top 50 Workplaces Indigenous STEM Professionals 2023 Top Supporter Black College Engineering Schools Career Communications."
}
{
    "_id": "ORCL20230144",
    "title": "",
    "text": "Oracle employee experience work career opportunities well talent. well-being economic health lifestyle compensation benefits learning."
}
{
    "_id": "ORCL20230146",
    "title": "",
    "text": "join Oracle careers. programs resources explore achieve career goals. promote career conversations. separate performance feedback grow careers. Talent Review process Oracle Fusion Cloud. 32% non-entry level positions filled fiscal 2024 growth retaining knowledge talent."
}
{
    "_id": "ORCL20230147",
    "title": "",
    "text": "employees learn skills. support resources. Oracle Learning experience consumption. employees received five million hours training 2024 accessed online two million views month. instructor-led classes virtual library online resources sales business products market leadership technical skills compliance well-being personal development."
}
{
    "_id": "ORCL20230150",
    "title": "",
    "text": "success listening feedback. share annual employee engagement survey leaders priorities. results discussed Board Directors committees. fiscal 2024 81% employees participated survey. Leaders listen evaluate feedback prioritize actions business success."
}
{
    "_id": "ORCL20230153",
    "title": "",
    "text": "Oracle employees donate thousands hours millions dollars Oracle causes. Oracle employees rise crisis."
}
{
    "_id": "ORCL20230154",
    "title": "",
    "text": "2024 Oracle donated education communities health. $1 million grant National Museum African American History Culture. technology consulting services $350,000 Military Family Advisory Network."
}
{
    "_id": "ORCL20230155",
    "title": "",
    "text": "Oracle social impact education environment community health. Academy Education Foundation technology leaders. hosts Design Tech High School Redwood Shores. Health Foundation pediatric grants wellness programs healthier communities."
}
{
    "_id": "ORCL20230157",
    "title": "",
    "text": "quarterly revenues affected seasonal factors sales force compensation plans IT industry. revenues margins highest fourth lowest first. License Item 7 Report seasonality cyclicality revenues expenses margins largest."
}
{
    "_id": "ORCL20230159",
    "title": "",
    "text": "intense competition. IT industry landscape evolving firms expand technology customer demands pressures change."
}
{
    "_id": "ORCL20230160",
    "title": "",
    "text": "customers less complexity lower cost implementation integration maintenance IT environments. enterprise cloud license hardware compete with largest companies Adobe Alphabet. Amazon. Cisco. Intel International Business Machines Microsoft Salesforce. SAP Hewlett-Packard Enterprise Workday. low barriers entry new technologies competitors challenge. competitors range IT solutions point solutions specific functionality product industry. expand segments face increased competition. acquisition Cerner Corporation competition from healthcare IT providers Allscripts Healthcare Solutions. Arcadia Solutions athenahealth. Epic Systems InterSystems. strategic acquisitions partnerships joint ventures repositioning competition."
}
{
    "_id": "ORCL20230173",
    "title": "",
    "text": "competitive factors segments include cost ownership performance scalability reliability security functionality efficiency ease use speed production technical support. products sales strength competitors affected by Financial Statements adoption of cloud-based IT ease deployment maintenance between Oracle products public cloud adoption of commodity servers microprocessors competition between Java. NET Microsoft system competition Oracle Solaris Linux Windows Server UNIX adoption open source alternatives developed by IT staff customized by consultants integrators third parties business processing outsourcers."
}
{
    "_id": "ORCL20230174",
    "title": "",
    "text": "competitive risks Item 1A Annual Report."
}
{
    "_id": "ORCL20230176",
    "title": "",
    "text": "operate globally subject. federal state foreign laws regulations. Item 1A Risk Factors Annual Report."
}
{
    "_id": "ORCL20230178",
    "title": "",
    "text": "Annual Reports 10-K Quarterly 10-Q Current Reports 8-K amendments Sections 13(a 15(d Exchange Act available SEC website. Investor Relations website. oracle./investor. Investor Relations website non-public information. investors monitor press releases SEC filings conference calls webcasts. environmental policy global sustainability initiatives./social-impact. information not Annual Report. references inactive textual."
}
{
    "_id": "ORCL20230187",
    "title": "",
    "text": "executive officers Lawrence. Ellison Technology Safra. Catz Jeffrey. Henley Edward Screven Stuart Levey Maria Smith Accounting Officer"
}
{
    "_id": "ORCL20230189",
    "title": "",
    "text": ". Ellison 79 Chairman Chief Technology Officer September 2014. Chief 1977 2014."
}
{
    "_id": "ORCL20230191",
    "title": "",
    "text": "Director 1977. Chairman May 1995 2004."
}
{
    "_id": "ORCL20230192",
    "title": "",
    "text": ". Catz Chief Executive Officer 2014. President January 2004 Chief Financial Officer 2011 2014 Director 2001. 2005 2008 Interim Chief 2005 2005. positions 1999. director Walt Disney Company."
}
{
    "_id": "ORCL20230193",
    "title": "",
    "text": ". Henley Vice Chairman 2014. Chairman June 1995. Executive Vice President Chief Financial Officer March 1991 July 2004."
}
{
    "_id": "ORCL20230194",
    "title": "",
    "text": ". Screven 59 Executive Vice President 2015. Senior Vice President 2006 2015 2003 2006. positions Oracle 1986."
}
{
    "_id": "ORCL20230195",
    "title": "",
    "text": ". Levey Executive Vice President Legal Officer 2022. Diem Association 2022 Legal HSBC 2012 2020."
}
{
    "_id": "ORCL20230197",
    "title": "",
    "text": ". Smith 58 Executive Vice President Accounting Officer 2022. Senior Vice President Assistant Global Controllers Mergers Acquisitions November 2012 2017. positions Oracle 1999."
}
{
    "_id": "ORCL20230200",
    "title": "",
    "text": "operate changing economic technological environments risks driven. Item 7 Analysis Financial Condition Results Operations highlights risks. not exhaustive consider before investing securities."
}
{
    "_id": "ORCL20230202",
    "title": "",
    "text": "unsuccessful developing new integrating acquired enhancing existing. industry characterized rapid technological advances intense competition changing delivery models evolving standards communications sophisticated customer needs product introductions enhancements. continued cloud unable develop new differentiated price meet demand customers purchase subscribe renew. Renewals important future success. assurance standards new products compete emerging areas."
}
{
    "_id": "ORCL20230212",
    "title": "",
    "text": "business affected if develop new products services within time frames •infrastructure costs longer increase data center capacity establish new demand fail meet contractual service level commitments delay transitioning to product lines services •sanctions export controls barriers prevent restrict jurisdictions changes in IT trends anticipate optimize complementary product lines services fail to integrate support enhance acquired product lines services."
}
{
    "_id": "ORCL20230213",
    "title": "",
    "text": "profitability revenues impacted if lose key customers factors discussed. loss limit reduce growth future."
}
{
    "_id": "ORCL20230215",
    "title": "",
    "text": "AI products may operate affect reputation revenues profitability. Machine learning AI generative driving innovations competitive evolving. invested resources AI products if fail meet needs acceptance may recoup investments business reputation. AI technologies evolving legal ethical issues bias discrimination lack transparency unpredictable behaviors improper use copyrighted material expose reputational legal risk inhibit. Regulatory uncertainty lack legislation emerging regulatory initiatives compliance challenges"
}
{
    "_id": "ORCL20230217",
    "title": "",
    "text": "uncertainties. failure adapt changes legal reputational consequences limit product use AI AI laws regulations."
}
{
    "_id": "ORCL20230218",
    "title": "",
    "text": "execute Oracle Cloud strategy Cloud Services revenues profitability decline. provide cloud offerings worldwide deployment models cloud SaaS OCI offerings. business models evolve compete generate revenues maintain profitability. increasing cloud models impact pricing. execute cloud strategy needs reputation revenues profitability decline."
}
{
    "_id": "ORCL20230219",
    "title": "",
    "text": "demand cloud increases volatility revenues results due to differences revenue recognition cloud on-premise license hardware product arrangements. Customers purchase cloud subscription revenues recognized ratably consumed. deterioration sales activity not observable in consolidated statement operations. contrast to revenues license hardware product arrangements recognized time delivery. anticipate transitions backfill reduced demand increase affect revenues profitability."
}
{
    "_id": "ORCL20230220",
    "title": "",
    "text": "secure data center capacity plan infrastructure profitability may decline. Oracle Cloud strategy plan investment based future revenues growth. cloud services license support expenses grown meet demand increase capacity new locations. entered expect long-term lease commitments with third-party data center providers contract termination fees impact profitability cash flows. Data centers may unavailable terms. control operation third-party centers suffer interruptions control government power loss break-ins misconduct. rely on third-party suppliers equipment components. delays loss sales revenue increase costs affect margins. depreciate assets over useful lives strategies profitability."
}
{
    "_id": "ORCL20230222",
    "title": "",
    "text": "products services may not function if coding manufacturing configuration errors in cloud hardware. Despite testing cloud hardware contain errors impact function performance security negative consequences. detection correction of errors can time consuming costly. Errors in third software services could affect function in service interruptions delays outages create security vulnerabilities delay development new products affect market acceptance. If errors delays sales could revenues could decline. we run Oracle’s business operations cloud services. flaws could affect our customers’"
}
{
    "_id": "ORCL20230224",
    "title": "",
    "text": "conduct business ensure financial processes reporting costs interruptions. customers rely cloud license hardware errors product liability performance warranty claims brand reputation future sales."
}
{
    "_id": "ORCL20230225",
    "title": "",
    "text": "unable compete results prospects business. face intense competition. IT industry competitive landscape evolving firms expand technology evolves delivery models change. enterprise cloud license hardware compete with largest companies. low barriers entry new technologies competitors challenge. vendors spend Oracle develop applications infrastructure technologies databases middleware collaboration compute storage networking Oracle."
}
{
    "_id": "ORCL20230226",
    "title": "",
    "text": "competitors’ technologies influence purchasing decision Oracle products. offer multicloud services cost functionality performance. work with competitors’ products Microsoft Azure Amazon Web Services Google Cloud Platform. strategy could limit purchases Oracle products affect revenues profitability."
}
{
    "_id": "ORCL20230227",
    "title": "",
    "text": "competitors adopt competing products services convince. lose customers if introduce new products functionality reduce prices sales marketing strategies flexible practices provide debt equity financing form alliances. Mergers consolidations increased competition."
}
{
    "_id": "ORCL20230228",
    "title": "",
    "text": "competitors offer discounts lower prices introduce pricing models offer terms less favorable. changes reduce revenues margins affect operating results. increasing cloud delivery models impact pricing hardware incur increased cloud delivery expenses infrastructure reduce revenues profitability. license hardware support fees priced percentage net license hardware. competitors offer lower pricing discount. adapt pricing models use demand increased competition revenues decrease."
}
{
    "_id": "ORCL20230229",
    "title": "",
    "text": "failure offer high-quality technical support affect relationships financial results. customers depend on support issues. respond increases inefficient. Increased demand increase costs affect operating results. failure to maintain high-quality technical support perception affect reputation ability sell renew business operating results financial position."
}
{
    "_id": "ORCL20230231",
    "title": "",
    "text": "receive revenues research development years. Developing product offerings expensive investment"
}
{
    "_id": "ORCL20230233",
    "title": "",
    "text": "long return investment cycle. corporate strategy resources research development product service internal investments acquisition intellectual property. Accelerated product introductions short lifecycles high expenditures affect operating results revenue. resources research competitive position. expect significant revenues years."
}
{
    "_id": "ORCL20230234",
    "title": "",
    "text": "cloud hardware complex if results businesses suffer. depend on suppliers develop deliver technologies components for hardware products cloud infrastructure some technologies purchased from single vendor to price quality technology availability business constraints. supply chain operations affected by industry consolidation component constraints natural disasters political unrest public health crises trade laws port stoppages shipping interruptions transportation disruptions factors. If disruption cloud hardware results affected."
}
{
    "_id": "ORCL20230235",
    "title": "",
    "text": "Supply chain shortages resulted costs production hardware products pass customers. responded higher purchases balances of hardware products cloud infrastructure historical positions. manufacturing capacity increased excess obsolescence risk could impact profitability cash flows. expect factors impact future."
}
{
    "_id": "ORCL20230236",
    "title": "",
    "text": "outsource manufacturing assembly delivery technology designs hardware companies outside U. S. partners experience production delays demand. delays loss sales delayed revenue expenses affect margins cloud hardware. challenges manufacturing strategies suppliers locations."
}
{
    "_id": "ORCL20230237",
    "title": "",
    "text": "periodic workforce restructurings reorganizations disruptive. management product performance strategies acquisitions considerations. increased costs reduced productivity adjust. lead shortage skilled employees. not achieve expected growth resource redeployment cost savings not timeframe. effects recur future acquisitions restructurings revenues results negatively affected."
}
{
    "_id": "ORCL20230238",
    "title": "",
    "text": "lose hire. rely hiring senior management Chairman Chief Technology Officer founder Chief Executive Officer team employees. technology industry competition skilled business technical personnel AI field. Hiring freezes slowdowns decreased productivity shortage skilled."
}
{
    "_id": "ORCL20230240",
    "title": "",
    "text": "increased compensation costs not offset productivity sales. recruiting retaining."
}
{
    "_id": "ORCL20230242",
    "title": "",
    "text": "long-term employment non-competition agreements employees. senior management left Oracle future departures operations."
}
{
    "_id": "ORCL20230243",
    "title": "",
    "text": "focus cost structure hiring expertise lower costs. incur expenses efficient structure. experiencing increased competition globalization affected employee retention increased expenses competitive compensation. changes immigration labor law impact access technical professional talent."
}
{
    "_id": "ORCL20230244",
    "title": "",
    "text": "compensation program includes restricted stock units performance-based equity attracting retaining employees. stock price affect retain. evaluate compensation practices consider changes stock-based compensation expense. changes compensation affect retain motivate recruit."
}
{
    "_id": "ORCL20230249",
    "title": "",
    "text": "risks cloud license hardware sales channels affect future results. networks resellers system integrators/implementers consultants education providers internet service providers network integrators ISVs. relationships important marketing sales. financial results affected if contracts relationships deteriorate competitors acquire financial condition operations weaken demand."
}
{
    "_id": "ORCL20230250",
    "title": "",
    "text": "no assurance maintaining developing relationships channel participants. lose sales customers revenues. control channel participants some high compliance policies fail prevent violations anti-corruption laws."
}
{
    "_id": "ORCL20230256",
    "title": "",
    "text": "Acquisitions present risks achieve financial strategic goals transaction. review consider strategic acquisitions. selective active acquisition program expect acquisitions important corporate strategy. Risks include business disrupted attention diverted by acquisition transition integration difficulties managing technologies lines business entering new markets competitors stronger retaining key personnel acquisition not further business strategy integrate technology impose business practices alter strategies overpay not realize expected return investments affect business operating results assets intangible assets goodwill operating results financial condition impacted by claims liabilities from related pre-existing contractual relationships termination"
}
{
    "_id": "ORCL20230267",
    "title": "",
    "text": "modification costly disruptive to business unfavorable revenue recognition accounting treatment acquired practices fail identify assess liabilities shortcomings circumstances prior acquiring realize anticipated increase revenues from acquisition customers decline renew terminate contracts unable to sell products customers purchase differing business practices contract models revenues current accounting practices difficulty integrating acquired technologies products services with existing business multiple product lines services priced differently confusion delays incur higher costs support develop deliver products services administrative functions new comply with regulations unable obtain approvals limitations restrictions penalties sanctions worker councils employment laws acquisition obtain approvals from under foreign direct investment subsidy competition antitrust laws need divest dispose assets businesses obtain approvals cash for acquisitions limit uses incur additional debt delay proceed ifcomplete acquisition favorable terms."
}
{
    "_id": "ORCL20230268",
    "title": "",
    "text": "risks business results financial condition cash flows particularly larger concurrent acquisitions."
}
{
    "_id": "ORCL20230271",
    "title": "",
    "text": "security measures compromised IT systems accessed modified vulnerable brand reputation damaged IT services disrupted stop reduce revenue expenses legal claims regulatory actions. products Oracle Cloud Services store retrieve process manage third-party data our data. Oracle target for hackers cyber threats actors stores processes large data sensitive health sciences financial services retail hospitality telecommunications government data. third-party vendors subject to attempts third parties hackers vulnerabilities security measures unauthorized access to software hardware cloud networks systems. attempts lead personal information confidential information data Oracle. Attempts involve IT-related viruses worms malicious software programs attack networks systems security vulnerabilities create disruptions shutdowns denials. Third parties induce sensitive information access IT systems. products"
}
{
    "_id": "ORCL20230273",
    "title": "",
    "text": "Oracle Cloud accessed improperly contractor error malfeasance."
}
{
    "_id": "ORCL20230274",
    "title": "",
    "text": "cyber-attack incident unauthorized access customers’ suppliers’ IT systems services disrupted security vulnerabilities expenses damage brand reputation. customers lose confidence in security products services reduce terminate spend.-attacks lead remediation costs loss information interruption inappropriate use data lawsuits indemnity obligations regulatory investigations financial penalties legal liability contractual costs notification fraud monitoring. remediation efforts."
}
{
    "_id": "ORCL20230275",
    "title": "",
    "text": "techniques unauthorized access IT systems change complex recognized launched against target. IT systems evolve early adopters new technologies. business policies security controls threats. discover security breach loss information after breach."
}
{
    "_id": "ORCL20230276",
    "title": "",
    "text": "products on third-party products services. security vulnerability exploit increased costs liability claims customer dissatisfaction reduced revenue harm reputation. active acquisition program acquired companies products services technologies. IT security issues inherit risks Oracle."
}
{
    "_id": "ORCL20230277",
    "title": "",
    "text": "business practices data operational interruption liabilities reputational harm regulation legal requirements industry standards privacy. regulatory focus privacy laws regulations risks data collection intensify. federal state foreign governments legislation impact customers partners data providers collect augment analyze use transfer share personal information services. subject to data privacy regulations healthcare industry patient information electronic health data transmissions processing fraud sharing."
}
{
    "_id": "ORCL20230279",
    "title": "",
    "text": "European Data Protection Regulation global privacy laws increased jurisdictions regulatory inquiries audits enforcement fines. U. S. states enacted privacy laws. Congress privacy bills government cybersecurity initiatives state legislatures considering privacy laws. Regulators monetary fines privacy violations. GDPR penalties €20 million 4% worldwide revenue financial year. penalties. U. S. technology company fined €1. 2 billion GDPR violations 2023. Federal Trade Commission unfair deceptive data protection practices fines increase. enhanced protection data increase fines business"
}
{
    "_id": "ORCL20230281",
    "title": "",
    "text": "prevent services jurisdictions. implemented contracts diligence programs policies procedures compliance no assurance employees contractors partners suppliers data providers agents violate laws. public perception standards privacy shift affect reputation influence regulators products services. jurisdictions EU considering data privacy compliance requirements adjust limit product offerings."
}
{
    "_id": "ORCL20230282",
    "title": "",
    "text": "statements use disclosure information privacy policy website press statements. comply statements. federal foreign laws regulations privacy data security consumer protection obligations lost business proceedings actions fines affect business harm reputation."
}
{
    "_id": "ORCL20230288",
    "title": "",
    "text": "parties claimed infringement intellectual property rights breach license agreement provisions. receive notices lawsuits third parties claiming infringement breach agreements. include design manufacture distribute products acquire intellectual property monetization. expect claims companies products competitors grows third-party code open source issued patents-practicing entities assert property infringement."
}
{
    "_id": "ORCL20230296",
    "title": "",
    "text": "claim could time consuming costly time attention business pay damages royalty licensing agreements stop selling redesign products release source code open source satisfy indemnification obligations affect business financial condition cash flows."
}
{
    "_id": "ORCL20230297",
    "title": "",
    "text": "intellectual property rights. rely on copyright trademark patent secret laws confidentiality procedures contractual commitments. protections limited. Unauthorized third parties copy products. patents invalidated circumvented. patent applications issued scope. laws some countries property protection U. S. copying competitive."
}
{
    "_id": "ORCL20230300",
    "title": "",
    "text": "litigation affect business. subject legal proceedings. lengthy expensive disruptive attention business. results. favorable judgment"
}
{
    "_id": "ORCL20230302",
    "title": "",
    "text": "subject appeals litigation costs. adverse decision damages relief business results financial condition. Additional information Note 16 Consolidated Financial Statements Annual Report."
}
{
    "_id": "ORCL20230303",
    "title": "",
    "text": "subjected increased taxes changes U. S. international tax laws adverse resolutions tax audits. multinational corporation incur income non-income U. S. foreign jurisdictions. uncertainties application taxes businesses judgments tax liabilities provision. audit tax authorities. disagreements intercompany transfer prices applicability withholding taxes cross-border transactions. unfavorable resolution tax liabilities increase income taxes tax rate. tax estimates no final determination historical income tax provisions accruals."
}
{
    "_id": "ORCL20230304",
    "title": "",
    "text": "consider changes tax accounting laws treaties regulations interpretations. legislative proposals enacted raise. income taxes profits. unfavorable tax proposals. political landscape volatility taxes future tax provisions rate."
}
{
    "_id": "ORCL20230305",
    "title": "",
    "text": "countries tax laws taxes international revenue operations cross-border transactions digital technology businesses withholding tax rules.) Group Twenty 140 countries developed framework 15% tax multinational corporate groups adopted taxing rights jurisdictions. changes increase income tax international profits."
}
{
    "_id": "ORCL20230306",
    "title": "",
    "text": "future income tax provisions rate increase tax changes tax laws U. S. other countries. taxes by income losses tax rates stock price compensation expense valuation deferred tax assets other factors."
}
{
    "_id": "ORCL20230308",
    "title": "",
    "text": "international sales operations global customer base risks operating results. derive revenues operations outside U. S. serve customers jurisdictions. Compliance with international U. S. laws regulations increases cost. include data privacy labor relations tax foreign currency competition/antitrust anti payments officials. Act market access tariffs import export trade regulations economic sanctions embargos. Violations fines penalties enforcement actions prohibitions disgorgement loss trade privileges remedial measures. violations products services delay damage reputation brand international expansion business operating results."
}
{
    "_id": "ORCL20230310",
    "title": "",
    "text": "Changes sanctions export regulations U. S. jurisdictions require suspension termination business financial transactions countries customers. monitor relations between U. S. Russian Federation Republic of Belarus People’s Republic of China. difficult to anticipate effect international relations. Compliance with economic sanctions export controls regulatory restrictions. could prevent customers restrict jurisdictions operations. April 2024 U. S. President bill unlawful provide internet hosting services to TikTok. if steps not taken. unable provide services revenues profits impacted. Compliance laws may increase expenses resources."
}
{
    "_id": "ORCL20230311",
    "title": "",
    "text": "success depends on risks manage difficulties. monitor operations investigate improprieties transactions. provide information report findings to authorities conduct investigations respond. No assurance action taken compliance program effective."
}
{
    "_id": "ORCL20230323",
    "title": "",
    "text": "subject to risks challenges managing organization globally economic conditions unrest terrorism war Russia-Ukraine war economic impact potential business adverse consequences geographic proximity Europe potential hostilities destabilization Middle East tensions China Taiwan health social infrastructure stability currency exchange rates impacts customer demand operating results •difficulties accessing transferring funds converting currencies devaluation assets cash •regulatory changes austerity measures impair bank deposits cash assets additional taxes local business behaviors with ethics practices payment cycles difficulties collecting accounts receivable •overlapping tax regimes •reduced protection intellectual property."
}
{
    "_id": "ORCL20230324",
    "title": "",
    "text": "risks challenges supply chain operations sales products affected countries."
}
{
    "_id": "ORCL20230326",
    "title": "",
    "text": "majority shareholder Oracle Financial Services Software India Oracle Corporation Japan face risks local securities regulations full control."
}
{
    "_id": "ORCL20230330",
    "title": "",
    "text": "healthcare industry regulated subject to laws regulations initiatives non-compliance affect business. operations customers regulated by U. S. federal state local foreign entities. impact direct indirect government program requirements health IT. products services. significant evolving regulations within outside U. S. healthcare fraud information sharing e-prescribing claims processing healthcare devices security privacy data interoperability applicable to operations business practices. risks include U. S. other countries regulations medical devices apply to products services. If subject to requirements-marketing-market notification clearance. federal state non-government agencies requirements for certified electronic health record technology federal healthcare programs reimbursement Medicare Medicaid beneficiaries. expect regulations certification interoperability CEHRT interoperability consumer engagement patient safety health information privacy security."
}
{
    "_id": "ORCL20230331",
    "title": "",
    "text": "Complying regulations expensive delays. fail comply impact develop distribute deliver healthcare products suffer fines penalties."
}
{
    "_id": "ORCL20230332",
    "title": "",
    "text": "sales to expose business volatility risks shutdowns procurement regulations policy shifts early termination audits investigations sanctions penalties. foreign subject procurement laws."
}
{
    "_id": "ORCL20230333",
    "title": "",
    "text": "Governmental entities policies products. Changes procurement policy regulations technology initiatives requirements impact growth. U. S. government cybersecurity requirements FedRAMP authorization Department of Defense) Cybersecurity Maturity Model Certification. impact business. Compliance complex costly failure security controls limit products DoD entities."
}
{
    "_id": "ORCL20230334",
    "title": "",
    "text": "subject to early termination contracts. entities terminate contracts without cause. U. S federal government terminate convenience performance. foreign contracts subject to government funding. lack government funds."
}
{
    "_id": "ORCL20230336",
    "title": "",
    "text": "increased pressure governments reduce spending deficit reduction. impact spending programs. extended federal government shutdown. delays approvals impact."
}
{
    "_id": "ORCL20230338",
    "title": "",
    "text": "Government contracts risks subject audits investigations. violations penalties sanctions termination refund forfeiture profits suspension fines debarment business."
}
{
    "_id": "ORCL20230339",
    "title": "",
    "text": "Environmental laws risks liabilities costs. cloud hardware operations laws environment handling disposal health safety chemical substances labor practices testing labeling. Regulatory market carbon tax greenhouse emissions energy mix grow."
}
{
    "_id": "ORCL20230340",
    "title": "",
    "text": "half hardware revenues international sales. Environmental legislation EU Waste Electrical Electronic Equipment Directive regulation Pollution EU carbon border adjustment mechanism increase cost impact hardware revenues EU China. Compliance laws increase product design development procurement manufacturing delivery cloud operations insurance administration costs excess inventory change sales activities impact financial results. violation liability fines penalties prohibition sales financial."
}
{
    "_id": "ORCL20230341",
    "title": "",
    "text": "Nomination Governance Committee programs sustainability. Environmental Steering Committee Chief Sustainability Officer sustainability strategy climate risk mitigation. evaluates climate environmental risks business functions service product development supply chain facility operations employee recruitment brand reputation. failure reputation business financial performance growth."
}
{
    "_id": "ORCL20230342",
    "title": "",
    "text": "publish annual Social Impact Report ESG matters goals. disclosures failure harm reputation brand. electing corporate ESG standards business scrutiny."
}
{
    "_id": "ORCL20230343",
    "title": "",
    "text": "new laws regulations policies international accords ESG sustainability climate change human capital diversity requirements developed jurisdictions. Standards ESG metrics complex evolving compliance costs. disclosure requirements revisions challenges regulatory expectations liability harm reputation prospects."
}
{
    "_id": "ORCL20230346",
    "title": "",
    "text": "operations difficult predict quarterly results fluctuate. revenues cloud on-premise hardware difficult. portion cloud hardware contracts completed latter quarter. cost structure fixed short term sales revenue shortfalls negative profitability. large transactions each quarter"
}
{
    "_id": "ORCL20230348",
    "title": "",
    "text": "risk fluctuations quarterly results. lose customers delay transactions quarterly sales revenues profitability fall short predictions. shifts regional activity sales forecasts."
}
{
    "_id": "ORCL20230349",
    "title": "",
    "text": "hold portfolio publicly traded equity debt including Ampere Computing Holdings LLC ownership interest 29% as of May 31, 2024. impairment charges changes fair values investments recorded as unrealized gains losses consolidated net income. timing on factors performance companies conditions public equity markets uncertain. Changes in fair values including Ampere contributed to volatility net income not reflective core businesses. investments in Ampere could increase potential put options co-investors call options. If acquire control Ampere results with. Ampere generated net losses expect generate net losses."
}
{
    "_id": "ORCL20230350",
    "title": "",
    "text": "currency exchange rates affect customer demand revenue profitability. conduct transactions hold cash in currencies. Dollar. foreign currencies Australian Dollar British Pound Brazilian Real Canadian Dollar Euro Indian Rupee Japanese Yen Saudi Riyal. affect assets revenues operating results cash flows reported. Dollars. Fluctuations foreign currency rates strengthening. Euro revenue growth. demand products. currency variations affect margins sales outside. revenues operating results affected dollar strengthens positively weakens. assets affected dollar strengthens cash bank deposits foreign currencies."
}
{
    "_id": "ORCL20230352",
    "title": "",
    "text": "incur foreign currency transaction gains losses related to sublicense fees intercompany agreements subsidiaries settle charged to earnings. program utilizes foreign currency forward contracts offset risks. may suspend program. enter foreign currency forward contracts offset by gains losses mitigate risks volatility. consolidated operations international expect realize gains losses foreign currency exposures net including cost to. experience foreign currency gains losses if hedge ineffective suspend contract program. ultimate loss gain currency fluctuations on size cross-currency exposures currency exchange rates forward contracts related fees factors. could impact results financial position cash flows."
}
{
    "_id": "ORCL20230354",
    "title": "",
    "text": "incurred currency losses devaluation inflationary economies. incur losses emerging market highly inflationary."
}
{
    "_id": "ORCL20230355",
    "title": "",
    "text": "risks future indebtedness. As of May 31, 2024 $86. 9 billion indebtedness between 2024 2061. pay interest repay principal business operations cash factors. no assurance risks."
}
{
    "_id": "ORCL20230356",
    "title": "",
    "text": "expect refinance portion outstanding debt matures. risk existing debt terms not favorable. prevailing rates result higher rates interest expense refinanced indebtedness increase."
}
{
    "_id": "ORCL20230357",
    "title": "",
    "text": "future increases interest expense foreign tax credits. income tax taxes rate. changes outlook credit rating withdrawal affect debt equity securities increase interest debt. risks affect financial results operations."
}
{
    "_id": "ORCL20230359",
    "title": "",
    "text": "stock price volatile investment lose value. factors Risk Factors section affect stock price. timing announcements new cloud services products enhancements technological advances transactions affect. Changes stock repurchases dividends affect price. by factors beyond control speculation social media changes recommendations estimates changes valuation measures negative surveys credit ratings inaccurate misinformation AI market trends unrelated performance. stock market technology companies extreme price volume fluctuations unrelated operating performance. drop stock price risk securities class action lawsuits costs attention resources business."
}
{
    "_id": "ORCL20230360",
    "title": "",
    "text": "guarantee stock repurchase program stockholder value. expiration date obligated repurchase value. accelerated suspended delayed discontinued. stock repurchases until gross debt reduced below thresholds. enhance stockholder value."
}
{
    "_id": "ORCL20230366",
    "title": "",
    "text": "Economic market conditions affect business financial condition revenue growth profitability stock price. business influenced factors beyond control advantage. economic business conditions demand cloud hardware budgetary constraints"
}
{
    "_id": "ORCL20230368",
    "title": "",
    "text": "legal developments."
}
{
    "_id": "ORCL20230369",
    "title": "",
    "text": "Macroeconomic developments global elevated inflation interest rates limited liquidity developments financial institutions wars trade policies. similar events uncertainty instability affect business operating results financial condition stock price. weakening declining corporate confidence global economy curtailment government corporate spending cause customers reduce IT budgets spending delay decrease cancel purchases delay. parties meet obligations business. Bank failures issues U. S. global financial systems capital markets."
}
{
    "_id": "ORCL20230370",
    "title": "",
    "text": "international political unrest impact stability terrorist attacks hostilities health crises natural disasters economic uncertainty operations financial condition revenue growth profitability. factors sales cloud on-premise hardware services renewal rates subscription cloud offerings."
}
{
    "_id": "ORCL20230371",
    "title": "",
    "text": "Business disruptions affect operating results. critical operations in areas emerging market international locations less stable. highly automated business disruption systems supply chains processes delays sales services cloud customer experience. Oracle Cloud traffic alternate facility severe impact major natural disaster disruption infrastructure catastrophic event effects climate change destruction disruption business operations chains IT systems affect normal operations future operating results affected."
}
{
    "_id": "ORCL20230373",
    "title": "",
    "text": "."
}
{
    "_id": "ORCL20230375",
    "title": "",
    "text": "information security risk management approach risk exposures cybersecurity threats. perform risk assessments prioritize risks. assessments inform strategies oversight processes cybersecurity risks key risk."
}
{
    "_id": "ORCL20230377",
    "title": "",
    "text": "Oracle target for hackers threats actors products services store manage large data sensitive. vendors subject third parties vulnerabilities security measures unauthorized access software hardware cloud networks systems. fiscal 2024 risks cybersecurity threats business strategy operations financial condition. if cyberattack incident unauthorized access modification customers’ suppliers’ IT systems services disrupted"
}
{
    "_id": "ORCL20230379",
    "title": "",
    "text": "products services security vulnerabilities expenses damage brand reputation. Privacy Cybersecurity Intellectual Property Risk Factors Item 1A Annual Report cybersecurity."
}
{
    "_id": "ORCL20230380",
    "title": "",
    "text": "corporate programs prevent detect respond recover cybersecurity threats. leverage frameworks controls. personnel collaborate experts identify threats severity mitigate. conduct security privacy reviews risks. employ monitoring tools activity simulate threats address vulnerabilities. train employees cybersecurity."
}
{
    "_id": "ORCL20230381",
    "title": "",
    "text": "program includes processes escalating investigating remediating security events legal obligations minimizing damage. insurance losses cybersecurity. tabletop exercises response controls severity priority."
}
{
    "_id": "ORCL20230382",
    "title": "",
    "text": "conduct external internal risk audits improvement. conduct penetration testing vulnerabilities products services systems. undergo security certifications auditors 27001 27017 27018 Cloud Security Payment Card Industry Data Security Standard. vendor risk management program mitigates risks third service providers. findings review information security practices procedures technologies."
}
{
    "_id": "ORCL20230383",
    "title": "",
    "text": "Cybersecurity for Board of Directors. information security risk management program understanding practices capabilities division responsibilities reviewing risk exposure tolerance tracking emerging risks ensuring escalation risks review. oversees cybersecurity risks Finance and Audit Committee. F&A Committee assists management assessment privacy data security risk potential impacts on business financial results operations reputation. oversees controls financial reporting information systems."
}
{
    "_id": "ORCL20230385",
    "title": "",
    "text": "F&A Committee reviews incident response tests audits penetration testing oversees vendor risk management program. receives updates from senior management. Screven Executive Vice President Chief Corporate Architect.&A Committee reports Board quarterly cybersecurity. Board members cybersecurity. Chief Corporate Architect Chief Privacy Officer Head Global Information Security report risks mitigation goals potential risks."
}
{
    "_id": "ORCL20230387",
    "title": "",
    "text": "Chief Corporate Architect identification information security risks. studied computer science Carnegie Mellon University Oracle since 1986. drives technology architecture decisions leads strategic initiatives security strategy."
}
{
    "_id": "ORCL20230388",
    "title": "",
    "text": "Chief Corporate Architect supported by team members industry experience. team provide reports work with Chief Privacy Officer include information product physical security. escalate cybersecurity threats to Chief Architect assesses for F&A Committee. maintain disclosure controls for prompt reporting timely public disclosure of cybersecurity risks."
}
{
    "_id": "ORCL20230391",
    "title": "",
    "text": "properties owned leased cloud operations sales research services manufacturing administrative functions. headquarters. 9 million square feet Austin Texas. facilities 27. 7 million square feet. 9. 1 million square feet 32%,. lease manufacturing Hillsboro Oregon. cloud operations Oracle Cloud Services global data centers leased. facilities good suitable."
}
{
    "_id": "ORCL20230394",
    "title": "",
    "text": "Note 13 income 16 legal Consolidated Financial Statements Item 15 Annual Report incorporated."
}
{
    "_id": "ORCL20230397",
    "title": "",
    "text": "."
}
{
    "_id": "ORCL20230399",
    "title": "",
    "text": "Equity Stockholder Purchases Securities"
}
{
    "_id": "ORCL20230400",
    "title": "",
    "text": "stock traded New York Stock Exchange. 6,921 stockholders May 2024."
}
{
    "_id": "ORCL20230401",
    "title": "",
    "text": "equity compensation 12 III Annual."
}
{
    "_id": "ORCL20230403",
    "title": "",
    "text": "Board Directors approved common stock. May 2024 $7. billion repurchases."
}
{
    "_id": "ORCL20230404",
    "title": "",
    "text": "stock repurchase authorization expiration working capital cash debt repayment stock price economic conditions. repurchases open market purchases Rule 10b5-1 trading plan. accelerated suspended delayed discontinued."
}
{
    "_id": "ORCL20230411",
    "title": "",
    "text": "table summarizes stock repurchase activity three months May 31, 2024 dollar value shares millions Number Shares Purchased Price Paid Share Program Dollar Value Shares March 1, 31, 2024. April 1, 30, 2024. May 1, 2024—May 31, 2024."
}
{
    "_id": "ORCL20230414",
    "title": "",
    "text": "graph compares return common stock S&P 500 Dow Jones. Technology Index five fiscal years 2024 investment $100 reinvestment dividends. comparisons historical not indicative future performance."
}
{
    "_id": "ORCL20230416",
    "title": "",
    "text": "Oracle S&P 500 Dow Jones."
}
{
    "_id": "ORCL20230422",
    "title": "",
    "text": "Oracle Corporation.#161#223#250 S&P 500 Index.#158#157#162#208 Dow Jones. Technology Total Return Index.#205#197#234.#329."
}
{
    "_id": "ORCL20230426",
    "title": "",
    "text": "Discussion Financial Operations"
}
{
    "_id": "ORCL20230427",
    "title": "",
    "text": "begin Discussion Analysis Financial overview businesses trends. accounting estimates assumptions judgments financial results. detailed analysis results financial condition fiscal 2024 2023. discussion 2023 2022 Part II Item 7 Annual Report Form 10-K fiscal year May 31, 2023 filed SEC June 20, 2023 available website. Investor Relations website."
}
{
    "_id": "ORCL20230429",
    "title": "",
    "text": "Oracle enterprise IT. applications infrastructure delivered worldwide deployment models. on-premise cloud-based hybrid deployments. offer choice flexibility product deployment combinations. sales Oracle Partner Network sell businesses government agencies educational institutions resellers."
}
{
    "_id": "ORCL20230430",
    "title": "",
    "text": "three businesses cloud license hardware services single operating segment. descriptions Item 7 Analysis Financial Condition Results Operations Item 1 Business Note 14 Financial Statements Annual Report information Executive Technology Officer results allocate resources."
}
{
    "_id": "ORCL20230433",
    "title": "",
    "text": "cloud license business 84% 83% revenues 2024 2023 markets sells delivers enterprise applications infrastructure technologies. services support"
}
{
    "_id": "ORCL20230434",
    "title": "",
    "text": "services revenues earned providing access Oracle Cloud applications infrastructure technologies cloud deployment models updates enhancements subscription agreement period. Services billed advance durations one to four years renewed option recognized as revenues over contractual period consumed"
}
{
    "_id": "ORCL20230436",
    "title": "",
    "text": "support revenues earned providing Oracle license support services customers Oracle applications infrastructure software licenses cloud on-premise IT environments. customers renew contracts expiration technical support updates enhancements. support contracts priced percentage net fees cloud billed advance renewed at option recognized as revenues over contractual period one year."
}
{
    "_id": "ORCL20230438",
    "title": "",
    "text": "on-premise license revenues include from software products Oracle Applications Database Middleware Java cloud on-premise IT environments. transactions perpetual recognized up front software available. Revenues from usage-based royalty arrangements recognized software end user usage occurs. large license transactions affect quarterly license revenues point-time recognition different than typical. customers purchase renew license support contracts."
}
{
    "_id": "ORCL20230439",
    "title": "",
    "text": "choice flexibility Oracle applications infrastructure technologies strategy. demand Oracle Cloud Services increased. programs pivot software licenses Oracle Cloud migrate workloads. cloud services revenues total revenues increased expect trend. revenues represented 37% 32% 25% total revenues fiscal 2024 2023 2022."
}
{
    "_id": "ORCL20230440",
    "title": "",
    "text": "cloud license revenue growth affected by factors economic business conditions budgetary constraints strategy competitive position customer satisfaction renewal cloud services license support contracts customers contracts pricing licenses cloud services sold Oracle Cloud capacity foreign currency rate fluctuations."
}
{
    "_id": "ORCL20230443",
    "title": "",
    "text": "constant currency expect cloud license revenues increase growth cloud services demand cloud-premise support."
}
{
    "_id": "ORCL20230444",
    "title": "",
    "text": "factors contribute future growth cloud revenues investments research development operations increase capacity expand footprint products services."
}
{
    "_id": "ORCL20230446",
    "title": "",
    "text": "cloud license business’ margin trended upward over four quarters fiscal year due to upward trend revenues majority costs fixed short term. upward trend four quarters due to addition of new cloud services license support contracts customer base renewal of existing contracts historical upward trend of cloud license on-premise license revenues recognize upon delivery four."
}
{
    "_id": "ORCL20230449",
    "title": "",
    "text": "hardware business 6% revenues fiscal 2024 2023 provides enterprise hardware software including Oracle Engineered Systems servers storage industry-specific hardware operating systems virtualization management software support. product software interdependent accounted combined performance obligation. revenues recognized delivered ownership transferred. expect research development develop new. majority products sold indirect channels independent distributors value-added resellers. support software updates essential. repairs maintenance technical support. contracts renewed option customer priced percentage net fees recognized revenues delivered contractual terms."
}
{
    "_id": "ORCL20230450",
    "title": "",
    "text": "expect hardware lower margins cloud license incremental costs produce distribute support services materials labor."
}
{
    "_id": "ORCL20230451",
    "title": "",
    "text": "quarterly hardware revenues difficult predict. cost operating margins affected by factors manufacturing partners’ large hardware transactions strategy position customer demand economic business conditions governmental budgetary constraints support contracts product sale percentage customer base products finite life customer demand support decisions maintain upgrade infrastructure technologies foreign currency rate fluctuations."
}
{
    "_id": "ORCL20230453",
    "title": "",
    "text": "services business represented 10% 11% revenues 2024 2023 helps maximize investments Oracle applications infrastructure. differentiated focus Oracle technologies experience intellectual property best practices. include consulting advanced services. lower margins cloud license hardware. revenues affected strategy demand economic conditions constraints personnel reductions spending foreign currency fluctuations."
}
{
    "_id": "ORCL20230456",
    "title": "",
    "text": "selective acquisition program corporate strategy. invested billions complementary companies technologies. acquired 2024 2023 including Cerner 2023. Note 2 Financial Statements acquisition Cerner acquisitions."
}
{
    "_id": "ORCL20230458",
    "title": "",
    "text": "acquire companies services technologies corporate."
}
{
    "_id": "ORCL20230459",
    "title": "",
    "text": "fund future acquisitions cash equivalents securities operations borrowings issuance securities. estimate financial impact acquisition earnings margin cash flows return capital."
}
{
    "_id": "ORCL20230461",
    "title": "",
    "text": "since 2017 Ampere equity convertible debt instruments. $1. 5 billion $1. 2 billion May 31, 2024 2023. expect losses confident long-term potential server chips."
}
{
    "_id": "ORCL20230462",
    "title": "",
    "text": "equity investments Ampere 29% May 31, 2024 2023. own convertible debt investments June 2026 convertible equity securities. May 2024 invested $600 million convertible debt instruments Ampere. counterparty put call options $400 million to $1. 5 billion acquire equity interests Ampere January 2027. control Ampere consolidate results."
}
{
    "_id": "ORCL20230464",
    "title": "",
    "text": "consolidated financial statements prepared. accounting principles estimates judgments assumptions assets liabilities revenues expenses disclosure. Critical accounting estimates significant uncertainty financial condition. believe estimates assumptions reasonable based information. differences between results financial statements affected. critical estimates business combinations income taxes non-marketable investments. Note 1 Consolidated Financial Statements accounting policies."
}
{
    "_id": "ORCL20230467",
    "title": "",
    "text": "Accounting Standards Codification) 805 Business Combinations use estimates assumptions uncertain refinement measure assets liabilities assumed intangible assets pre-acquisition contingencies acquisition date contingent consideration. assumptions estimates based on historical experience information management acquired companies uncertain. events affect. measurement period one year acquisition record adjustments assets liabilities assumed offset goodwill. conclusion adjustments recorded consolidated statements operations."
}
{
    "_id": "ORCL20230469",
    "title": "",
    "text": "business acquisition identify pre-acquisition contingencies extend review obtain information assess fair value estimates assets liabilities assumed determine estimated amounts."
}
{
    "_id": "ORCL20230470",
    "title": "",
    "text": "determine fair value non-income tax pre-acquisition contingency by end measurement period recognize asset or liability for if probable asset existed liability incurred at acquisition date amount estimated. changes in estimates affect earnings results operations financial position."
}
{
    "_id": "ORCL20230471",
    "title": "",
    "text": "uncertain tax positions valuation allowances in business combination estimated acquisition date. reevaluate quarterly facts adjustments recorded to goodwill if identified measurement period. changes to tax positions affect provision income taxes consolidated statement results financial position."
}
{
    "_id": "ORCL20230473",
    "title": "",
    "text": "Judgment worldwide income tax provision. global business transactions tax outcome uncertain. uncertainties revenue sharing cost reimbursement identifying preferential tax treatment segregation foreign earnings expenses double taxation. estimates final tax outcome historical income tax. differences income tax provision net income."
}
{
    "_id": "ORCL20230474",
    "title": "",
    "text": "record valuation allowance reduce deferred tax assets likely realized. realize assets generate sufficient taxable income jurisdictions. consider future growth forecasted earnings taxable income mix historical earnings income prior years carryback tax planning strategies valuation allowance. realize deferred tax assets adjustment charged to earnings goodwill adjusted final determination valuation allowance acquisition. later more likely net deferred tax assets realized reverse valuation allowance adjustment income taxes."
}
{
    "_id": "ORCL20230475",
    "title": "",
    "text": "calculate current deferred tax provision estimates assumptions results returns. Adjustments global tax implications impact tax rate."
}
{
    "_id": "ORCL20230477",
    "title": "",
    "text": "income tax subject audits federal proposed assessments. potential outcome tax issue judgments. accounting policies tax contingencies business Combinations”."
}
{
    "_id": "ORCL20230479",
    "title": "",
    "text": "tax contingencies not business combination account uncertain tax issues ASC 740 Income Taxes two-step approach uncertain tax positions tax return. first step evidence tax position sustained audit. second step measure tax benefit largest amount 50% likely settlement. uncertain tax positions no final outcome. adjust reserves uncertain tax positions changing facts closing tax audit judicial rulings refinement estimates earnings deductions. final outcome differences impact income taxes. provisions include reserve provisions changes reserves interest penalties."
}
{
    "_id": "ORCL20230481",
    "title": "",
    "text": "assess non-marketable debt equity investments for credit losses impairment quarterly. analysis includes factors results projections cash usage product acceptance opportunity. requires judgment. investee information limited. investment impaired adjust estimated value charge included non expenses statements. Estimating fair value impairment involves estimation uncertainty judgment. incur future losses results financial position."
}
{
    "_id": "ORCL20230484",
    "title": "",
    "text": "results operations discussion overview consolidated revenues expenses margin GAAP basis. GAAP-based discussion other expense items statements not attributable three businesses."
}
{
    "_id": "ORCL20230485",
    "title": "",
    "text": "discuss results three license hardware operating segments ASC 280 Segment Reporting. financial reporting three businesses consistent CODMs. operating segment reflects revenues direct costs sales marketing expenses businesses. inputs calculate segment margin."
}
{
    "_id": "ORCL20230487",
    "title": "",
    "text": "internal management research development administrative stock-based compensation amortization intangible assets allocations acquisition restructuring interest non-operating income taxes not attributed three operating segments performance. “Supplemental Disclosure Charges” Note 14 Consolidated Financial Statements reconciliation segment margin income before taxes consolidated statements 2024 2023."
}
{
    "_id": "ORCL20230490",
    "title": "",
    "text": "international operations provided significant businesses’ revenues expenses. affected by changes U. S. Dollar against international currencies. currency compare percent change results Annual Report constant currency. current results. converted into. S. Dollars at constant exchange rates. May 31, 2023. entity Euros revenues 1. 0 million Euros products sold May 31, 2024 2023 financial statements reflect revenues $1. 09 million 2024. $1. 08 million 2023. constant currency presentation fiscal 2024 results 2023 exchange rate no change in revenues between periods. tables percent change based results currency constant currency."
}
{
    "_id": "ORCL20230516",
    "title": "",
    "text": "Ended May (Dollars millions Revenues Americas,122,030,109 Asia Pacific revenues,961 Operating Expenses,608 Operating Margin,353,093 Margin Revenues Americas EMEA Asia Pacific Revenues Business Cloud license,464 Hardware-6%-7%,274 Services,431-3% Total revenues,961 Revenues Business Cloud license Hardware Services"
}
{
    "_id": "ORCL20230518",
    "title": "",
    "text": "foreign currency fluctuations revenues increased fiscal 2024 2023 due growth cloud license offset decline hardware services. constant currency revenues increase cloud growth cloud services license support revenues customers purchased applications renewed offset decrease cloud on-premise license revenues. hardware constant currency decrease 2024 due emphasis marketing cloud infrastructure technologies hardware de-emphasis sales marketing"
}
{
    "_id": "ORCL20230520",
    "title": "",
    "text": "non-strategic hardware support services. currency decrease 2024. Americas EMEA Asia Pacific contributed 64% 22% 14% revenue growth 2024."
}
{
    "_id": "ORCL20230521",
    "title": "",
    "text": "foreign currency operating expenses increased fiscal 2024 2023 higher cloud services license support expenses infrastructure investments research development expenses employee expenses acquisition expenses asset impairment litigation charges. increases offset by lower sales marketing expenses employee expenses hardware amortization general administrative expenses restructuring expenses."
}
{
    "_id": "ORCL20230522",
    "title": "",
    "text": "total operating margin increased 2024 2023 higher revenues."
}
{
    "_id": "ORCL20230524",
    "title": "",
    "text": "supplement consolidated financial information past performance prospects future."
}
{
    "_id": "ORCL20230534",
    "title": "",
    "text": "operating results GAAP business adjustments expenses stock-based compensation GAAP net income Ended May millions Amortization intangible Acquisition Restructuring(3) Stock-based compensation operating,382 R&D G&A(4) Income tax,459"
}
{
    "_id": "ORCL20230542",
    "title": "",
    "text": "amortization intangible assets acquired. May 31, 2024 future amortization 2025 2026 2027 2028 2029 assets net#6,890"
}
{
    "_id": "ORCL20230543",
    "title": "",
    "text": "expenses personnel costs transitional employees business adjustments measurement period operating items."
}
{
    "_id": "ORCL20230545",
    "title": "",
    "text": "expenses 2024 employee severance Oracle Restructuring Plan. 2023 employee severance 2022 Oracle Restructuring Plan. Additional information Expenses Note 8 Consolidated Financial Statements Annual Report."
}
{
    "_id": "ORCL20230557",
    "title": "",
    "text": "-based compensation operating expense Ended May Cloud services license support Hardware Services Sales marketing Stock compensation segments Research development General administrative compensation"
}
{
    "_id": "ORCL20230558",
    "title": "",
    "text": "2024 2023 jurisdictional tax rates stock-based compensation amortization restructuring acquisition deferred tax effects tax benefit realignment legal entity structure. tax rate 19. 2%. 9% 2024 16. 3%. 8% 2023 tax rates consolidated statements operations."
}
{
    "_id": "ORCL20230561",
    "title": "",
    "text": "cloud license business sale marketing applications infrastructure technologies Oracle Cloud Services Oracle cloud license on-premise license Oracle license support. cloud services deliver subscription cloud-based deployment models host manage. Revenues recognized over contractual term one to four years consumed. Cloud license on-premise license revenues represent fees licenses perpetual database middleware software cloud recognized software available. License support revenues generated through sale applications infrastructure software license contracts purchased by customers recognized over contractual term one year. direct sales. market through indirect channels. Costs services support expenses sales marketing expenses. personnel infrastructure related salaries commissions force marketing program costs."
}
{
    "_id": "ORCL20230589",
    "title": "",
    "text": "Ended May millions Cloud License Revenues Americas,196 EMEA,771 Asia Pacific,497,335 revenues,464 Expenses Cloud services license,222 Sales,167 Total,950,960 Total Margin,126 Margin Revenues Americas EMEA Asia Pacific Revenues Cloud services,774,881 License support,609,426 Cloud on-premise license Total revenues,464 Cloud Services License Support Revenues Ecosystem Applications services license support,172,651 license support revenues,383,307"
}
{
    "_id": "ORCL20230590",
    "title": "",
    "text": "stock compensation expense allocations. amortization assets GAAP expenses not allocated operating segment results Operating Segment Results."
}
{
    "_id": "ORCL20230591",
    "title": "",
    "text": "foreign currency fluctuations cloud license revenues increased fiscal 2024 2023 due growth services customers purchased applications renewed latest support services. growth services revenues offset decrease cloud on-premise license revenues. Americas EMEA Asia Pacific regions contributed 71% 18% 11% revenue growth 2024."
}
{
    "_id": "ORCL20230592",
    "title": "",
    "text": "cloud license expenses increased fiscal 2024 2023 higher technology infrastructure expenses. increases offset lower sales marketing expenses employee expenses headcount. cloud services license support expenses grown expect trend 2025 data center capacity establish demand."
}
{
    "_id": "ORCL20230594",
    "title": "",
    "text": "currency rate fluctuations cloud margin increased 2024 2023 due revenues. constant currency margin flat 2024."
}
{
    "_id": "ORCL20230615",
    "title": "",
    "text": "hardware revenues from sales Oracle Engineered Systems server storage industry-specific hardware offerings. hardware product software interdependent accounted for combined performance obligation. revenues recognized at hardware product delivered ownership transferred. earns revenues from hardware support contracts recognized revenues delivered over contractual term one year. hardware products sold through indirect channels independent distributors value-added resellers direct sales force. Operating expenses include cost of products materials labor warranty expenses inventory valuation products labor infrastructure sales marketing expenses personnel related variable compensation sales force.Ended May millions Hardware Revenues Americas% EMEA-1% Asia Pacific revenues-6%-7%,274 Expenses Hardware-15%% Sales% Total,151%-15%,342 Total Margin-1% Margin Revenues Geography Americas EMEA Asia Pacific"
}
{
    "_id": "ORCL20230616",
    "title": "",
    "text": "stock compensation expense allocations. amortization assets GAAP expenses not allocated operating segment results Operating Segment Results."
}
{
    "_id": "ORCL20230617",
    "title": "",
    "text": "constant currency hardware revenues decreased 2024 2023 due emphasis cloud-based infrastructure strategic hardware non-strategic products reduced sales volumes hardware support contracts. revenue declines Americas EMEA offset increase Asia Pacific 2024."
}
{
    "_id": "ORCL20230619",
    "title": "",
    "text": "currency hardware expenses decreased 2024 2023 costs sales marketing expenses revenues."
}
{
    "_id": "ORCL20230621",
    "title": "",
    "text": "constant currency hardware margin decreased 2024 2023 lower revenues. currency margin increased 2024 lower expenses."
}
{
    "_id": "ORCL20230638",
    "title": "",
    "text": "services maximize investments Oracle consulting advanced services. revenues recognized over time. cost personnel technology infrastructure facilities external contractor expenses. Ended May millions Services Revenues Americas#3,432-7%-8%,703 EMEA,338 Asia Pacific revenues,431-3% Margin%,104 Margin Revenues Geography Americas EMEA Asia Pacific"
}
{
    "_id": "ORCL20230639",
    "title": "",
    "text": "stock compensation allocations. GAAP expenses not allocated operating segment results CODMs Operating Segment Results."
}
{
    "_id": "ORCL20230640",
    "title": "",
    "text": "currency rate fluctuations services revenues decreased 2024 2023 due primary services. decrease Americas offset increases EMEA Asia Pacific."
}
{
    "_id": "ORCL20230641",
    "title": "",
    "text": "currency expenses 2024 2023."
}
{
    "_id": "ORCL20230642",
    "title": "",
    "text": "currency services margin decreased fiscal 2024 2023 lower revenues."
}
{
    "_id": "ORCL20230652",
    "title": "",
    "text": "Research Development Expenses personnel expenditures. invest research essential competitive position. Ended May millions Research development(1)#6,690 Stock-based compensation,225 Total expenses#8,915,623 % Total Revenues"
}
{
    "_id": "ORCL20230654",
    "title": "",
    "text": "research development expenses 2024 2023 employee expenses stock-based compensation."
}
{
    "_id": "ORCL20230663",
    "title": "",
    "text": "Administrative Expenses personnel expenditures IT finance legal human resources. Ended May millions General,181-3% Stock-based compensation Total expenses % Total Revenues"
}
{
    "_id": "ORCL20230664",
    "title": "",
    "text": "currency expenses decreased 2024 2023 lower fees stock compensation expenses."
}
{
    "_id": "ORCL20230673",
    "title": "",
    "text": "Amortization Intangible Assets intangible assets acquired business. amortize estimated useful lives. review impairment. Note 6 Consolidated Financial Statements Annual Report information intangible assets amortization. Ended May millions Developed technology-15% Cloud services license support agreements Cloud on license agreements amortization intangible assets%"
}
{
    "_id": "ORCL20230674",
    "title": "",
    "text": "Amortization intangible assets decreased 2024 2023 expenses."
}
{
    "_id": "ORCL20230682",
    "title": "",
    "text": "Acquisition Related Expenses personnel costs transitional employees business combination adjustments period operating items. Ended May (Dollars millions Transitional employee costs Business combination adjustments net Total related expenses#314"
}
{
    "_id": "ORCL20230685",
    "title": "",
    "text": "constant acquisition expenses increased 2024 2023 asset impairment litigation offset transitional employee costs business adjustments."
}
{
    "_id": "ORCL20230691",
    "title": "",
    "text": "Restructuring Expenses management plans cost structure operations acquisition integration initiatives. employee severance contract termination exit costs. information Note 8 Consolidated Financial Statements Annual Report. Ended May (Dollars millions Restructuring expenses%"
}
{
    "_id": "ORCL20230692",
    "title": "",
    "text": "expenses 2024 2024 Restructuring Plan. 2023 2022 Restructuring Plan complete. management approved initiated 2024 2022 improve efficiencies. incur additional expenses new plans changes costs."
}
{
    "_id": "ORCL20230693",
    "title": "",
    "text": "initiatives 2024 Restructuring Plan developing marketing cloud-based offerings. cost savings offset investments resources geographies development marketing sale delivery cloud including second-generation cloud infrastructure."
}
{
    "_id": "ORCL20230698",
    "title": "",
    "text": "Interest Expense Ended May millions Interest expense"
}
{
    "_id": "ORCL20230699",
    "title": "",
    "text": "Interest 2024 2023."
}
{
    "_id": "ORCL20230709",
    "title": "",
    "text": "Non-Operating Expenses interest income foreign currency losses noncontrolling interests profits subsidiaries losses equity investments income expenses unrealized gains losses deferred compensation plan pension income losses. Ended May 31, Change Interest income Foreign currency losses-8%% Noncontrolling interests income Losses equity investments-7%-8% Other income non-operating expenses-80%"
}
{
    "_id": "ORCL20230713",
    "title": "",
    "text": "non-operating expenses decreased 2024 2023 due higher interest income losses equity foreign currency losses higher income unrealized gains equity securities benefit expenses. offset higher expenses noncontrolling interests."
}
{
    "_id": "ORCL20230719",
    "title": "",
    "text": "Provision Income Taxes effective income tax rates income tax jurisdictions. Note 13 Financial Statements differences effective income tax rates. federal statutory tax rates. Future tax rates affected shift earnings higher tax rates changes tax laws adverse rulings tax shortfalls stock compensation. Ended May (Dollars millions) Provision income taxes Effective tax rate. 9%. 8%"
}
{
    "_id": "ORCL20230720",
    "title": "",
    "text": "income taxes increased 2024 2023 unrecognized tax benefits unfavorable jurisdictional higher income offset benefits stock-based compensation one-time tax revaluation deferred tax assets rate."
}
{
    "_id": "ORCL20230725",
    "title": "",
    "text": "May millions Working capital(8,990 Cash equivalents marketable securities,661,187"
}
{
    "_id": "ORCL20230726",
    "title": "",
    "text": "decrease May 31, 2024 2023 due $10. 0 billion long-term senior notes reclassified liabilities dividends capital expenditures purchases non-marketable investments employee stock programs repurchases common stock. impacts offset assets income 2024. capital impacted future variable."
}
{
    "_id": "ORCL20230728",
    "title": "",
    "text": "Cash equivalents marketable securities increase cash securities May 31, 2024 2023 due inflows. offset by capital $3. 5 billion repayment senior notes dividends purchases non investments employee stock repurchases common stock. equivalents impacted."
}
{
    "_id": "ORCL20230734",
    "title": "",
    "text": "Ended May millions Net cash operating activities,673,165 investing activities(7,360-80%(36,484 cash financing activities,554"
}
{
    "_id": "ORCL20230736",
    "title": "",
    "text": "Cash activities largest source collections customers license cloud services agreements. billed advance. generate cash from new licenses hardware services. primary uses employee expenditures material manufacturing costs taxes interest payments leased facilities."
}
{
    "_id": "ORCL20230737",
    "title": "",
    "text": "cash increased 2024 2023 higher income offset capital changes."
}
{
    "_id": "ORCL20230738",
    "title": "",
    "text": "Cash flows changes acquisitions purchases maturities sales securities capital assets growth cloud license business."
}
{
    "_id": "ORCL20230739",
    "title": "",
    "text": "cash investing decreased 2024 2023 acquisitions lower capital expenditures."
}
{
    "_id": "ORCL20230740",
    "title": "",
    "text": "borrowings repayments debt stock repurchases dividend payments proceeds stock programs."
}
{
    "_id": "ORCL20230741",
    "title": "",
    "text": "$10. 6 billion 2024 $7. 9 billion 2023. increase borrowings senior notes Term Loan Credit Agreement higher repayments higher employee stock programs dividend payments lower maturities lower stock repurchases. borrowed $15. 7 billion Bridge Credit Agreement repaid 2023."
}
{
    "_id": "ORCL20230751",
    "title": "",
    "text": "Free cash flow use non-GAAP measures analyze. free cash flow useful comparing performance competitors. non-GAAP cash flow not alternative net income measure liquidity. calculate free cash flow Ended May millions Net cash activities,673,165 Capital expenditures,866(8,695 Free cash flow,807,470 Net income#8,503 Net cash percent net income Free cash flow percent net income"
}
{
    "_id": "ORCL20230753",
    "title": "",
    "text": "Activities"
}
{
    "_id": "ORCL20230754",
    "title": "",
    "text": "Term Loan Agreements June 10, 2024 terminated agreement 2023 repaid principal interest. borrowed $5. 6 billion term agreement. unpaid principal balance due payable August 16, 2027 unless termination extended. Note 7 Financial Statements Annual Report borrowings."
}
{
    "_id": "ORCL20230755",
    "title": "",
    "text": "Dividends 2024 paid dividends $1. 60 share $4. 4 billion. June quarterly dividend $0. 40 share payable July 25 2024 July 11. Future Board Directors."
}
{
    "_id": "ORCL20230756",
    "title": "",
    "text": "Stock Repurchase Program Board approved. May 2024 $7. billion repurchases. repurchased 10. 6 million $1. 2 billion 17. $1. 3 billion 185. million $16. 2 billion 2024 2023 2022. working capital cash debt stock price conditions. repurchases open market Rule 10b5-1 trading plan. accelerated suspended delayed discontinued."
}
{
    "_id": "ORCL20230762",
    "title": "",
    "text": "Contractual Obligations largest obligations as May 31, 2024 payments senior notes borrowings periodic interest payments tax payments U. Tax Cuts Jobs Act 2017 lease liabilities lease commitments contractual commitments enforceable legally binding."
}
{
    "_id": "ORCL20230763",
    "title": "",
    "text": "May 31, 2024 $11. 0 billion unrecognized income tax benefits interest penalties consolidated balance sheet uncertain settlement release tax authorities liabilities 2025. involved claims legal proceedings uncertain out control. Notes 7 10 13 16 Financial Statements include contractual obligations contingencies."
}
{
    "_id": "ORCL20230765",
    "title": "",
    "text": "current cash securities borrowing arrangements working capital expenditures contractual obligations. fund future acquisitions dividend payments repurchases common stock debt cash equivalents borrowings."
}
{
    "_id": "ORCL20230768",
    "title": "",
    "text": "stock-based compensation program key attract retain talented employees stockholders."
}
{
    "_id": "ORCL20230769",
    "title": "",
    "text": "stock-based awards dilute stockholders compensation. cumulative potential dilution since June 1, 2021 2. 1% per year. calculated average new awards granted forfeited divided outstanding shares. maximum dilution if awards vest exercised. outstanding stock options May 31, 2024 prices lower than market price common stock. stock repurchase program dilutive effect. modify repurchases cash acquisitions dividends indebtedness. May 31, 2024 maximum potential dilution awards 6. 9%."
}
{
    "_id": "ORCL20230770",
    "title": "",
    "text": "fiscal 2024 Compensation Committee approved grants employees senior officers RSUs $5 million. Plan Committee allocated 2024 equity budget grant equity limitations Compensation Committee."
}
{
    "_id": "ORCL20230784",
    "title": "",
    "text": "Stock awards activity June 1 2021 May 31, 2024 May 31, 2021 granted assumed vested issued exercised Forfeitures cancellations May 31, 2024 granted assumed forfeitures cancellations repurchases Shares May 31, 2024,755-average shares June 1 2021 May 2024,713 awards shares May 2024. 9% Total awards closing price 2024) shares 2024. 9% awards granted assumed forfeitures cancellations repurchases shares 2024. 1% forfeitures cancellations repurchases shares. 6%"
}
{
    "_id": "ORCL20230786",
    "title": "",
    "text": "accounting pronouncements impact consolidated statements Note 1 Statements Annual Report."
}
{
    "_id": "ORCL20230791",
    "title": "",
    "text": "non equity convertible debt $2. $1. billion May 2024 2023."
}
{
    "_id": "ORCL20230793",
    "title": "",
    "text": "equity method adjusted to fair value transactions investments issuer impairment. non-marketable equity investments convertible debt privately owned companies fluctuate market price changes. carrying value exceeds fair value. changes depend factors performance companies. impact investment volatility Item 1A Risk Factors Annual Report. details investments Note 1 Consolidated Financial Statements."
}
{
    "_id": "ORCL20230796",
    "title": "",
    "text": "Currency international operations provided significant consolidated revenues expenses U. S. Dollars. affected by changes U. Dollar against foreign currencies. Fluctuations currencies impact assets liabilities earnings cash flows foreign subsidiaries. Dollars. strengthening U. Dollar foreign-denominated cash equivalents trade receivables revenues expenses U. Dollars financial statements."
}
{
    "_id": "ORCL20230798",
    "title": "",
    "text": "transact business foreign currencies. exposures from intercompany transactions. exposures include Australian Dollar Brazilian Real Euro Indian Rupee Japanese Yen Saudi Riyal. established program foreign currency forward contracts offset risks. enter foreign currency contracts major currencies offset gains. suspend program. contracts short-term trading."
}
{
    "_id": "ORCL20230800",
    "title": "",
    "text": "gains losses foreign currency exposures costs included in non-operating expenses consolidated financial statements. ultimate gain loss on cross-currency transactions currency exchange rates net gain other factors. large operations international could additional foreign currency volatility amounts timing unknown. Note 1 Consolidated Financial Statements for details foreign currency contracts."
}
{
    "_id": "ORCL20230808",
    "title": "",
    "text": "table hypothetical losses earnings foreign currency holdings income tax changes market rates reporting periods Ended May millions Change Foreign currency risk revenues decrease exchange rates,259 Cash equivalents trade receivables decrease values,592(1,407"
}
{
    "_id": "ORCL20230810",
    "title": "",
    "text": "response Annual Report. Part IV 15."
}
{
    "_id": "ORCL20230811",
    "title": "",
    "text": "Disagreements Financial Disclosure"
}
{
    "_id": "ORCL20230812",
    "title": "",
    "text": "."
}
{
    "_id": "ORCL20230815",
    "title": "",
    "text": "end Annual Report 10-K Disclosure Committee management Principal Executive Financial Officer disclosure controls procedures Exchange Act Rules 13a-15 15d-15."
}
{
    "_id": "ORCL20230816",
    "title": "",
    "text": "evaluation Principal Executive Financial concluded disclosure controls procedures effective as of May 31, 2024 assurance information reports Exchange Act recorded processed summarized reported within SEC rules forms accumulated communicated to management timely decisions disclosure."
}
{
    "_id": "ORCL20230818",
    "title": "",
    "text": "management internal control financial reporting Exchange Act Rules 13a-15 15d-15. Principal evaluation control May 31, 2024 Internal Control—Integrated Framework Committee Sponsoring Organizations Treadway 2013. includes policies procedures reliability preparation financial statements external U. S. GAAP."
}
{
    "_id": "ORCL20230819",
    "title": "",
    "text": "concluded control effective May 31, 2024. reviewed Finance Audit Committee."
}
{
    "_id": "ORCL20230821",
    "title": "",
    "text": "control reporting May 2024 audited Ernst & Young Part IV Item 15 Annual Report."
}
{
    "_id": "ORCL20230824",
    "title": "",
    "text": "no changes in control financial reporting Exchange Act Rules 13a-15 or 15d-15 last fiscal quarter."
}
{
    "_id": "ORCL20230827",
    "title": "",
    "text": "management Principal Executive Financial Officer believes disclosure controls internal control financial reporting provide assurance objectives. expect prevent errors fraud. control system reasonable not assurance objectives met. design reflect resource constraints benefits relative to costs. limitations control systems no evaluation absolute issues instances fraud detected. limitations include judgments faulty breakdowns occur error mistake. controls circumvented by acts collusion management override. design based assumptions future events no assurance goals future conditions controls inadequate compliance deteriorate. limitations cost-effective control system misstatements due to error fraud may occur not detected."
}
{
    "_id": "ORCL20230830",
    "title": "",
    "text": "Instruction G(3) Form 10-K executive officers Part I Annual Report."
}
{
    "_id": "ORCL20230831",
    "title": "",
    "text": "information required Item 10 incorporated Proxy Statement filed SEC 2024 Annual Meeting Stockholders."
}
{
    "_id": "ORCL20230833",
    "title": "",
    "text": "Item 11 incorporated 2024 Proxy Statement."
}
{
    "_id": "ORCL20230834",
    "title": "",
    "text": "Ownership Stockholder Matters"
}
{
    "_id": "ORCL20230835",
    "title": "",
    "text": "Item 12 incorporated 2024 Proxy Statement."
}
{
    "_id": "ORCL20230837",
    "title": "",
    "text": "Item 13 incorporated 2024 Proxy Statement."
}
{
    "_id": "ORCL20230840",
    "title": "",
    "text": "Item 14 incorporated 2024 Proxy Statement."
}
{
    "_id": "ORCL20230852",
    "title": "",
    "text": "financial statements filed report Reports Independent Accounting Firm ID 42) Consolidated Financial Statements Balance Sheets May 31, 2024 2023 Statements Operations 2024 2023 2022 Income Stockholders’ Equity Cash Flows 2022"
}
{
    "_id": "ORCL20230856",
    "title": "",
    "text": "schedules omitted information not applicable shown financial statements notes amounts submission."
}
{
    "_id": "ORCL20230858",
    "title": "",
    "text": "Item Index Exhibits after 16 Annual."
}
{
    "_id": "ORCL20230861",
    "title": "",
    "text": "Stockholders Board Oracle"
}
{
    "_id": "ORCL20230863",
    "title": "",
    "text": "audited consolidated balance sheets Oracle Corporation May 31, 2024 2023 statements operations income stockholders’ equity cash flows three years notes financial. statements present financial position May 31, 2024 2023 results operations cash flows. S. accounting principles."
}
{
    "_id": "ORCL20230864",
    "title": "",
    "text": "audited Public Company Accounting Oversight Board control financial reporting May 31, 2024 Internal Framework report June 20 2024 unqualified opinion."
}
{
    "_id": "ORCL20230866",
    "title": "",
    "text": "financial statements responsibility management. opinion audits. public accounting firm registered PCAOB independent U. federal securities laws Securities Exchange Commission PCAOB."
}
{
    "_id": "ORCL20230867",
    "title": "",
    "text": "conducted audits standards PCAOB. standards require plan audit assurance financial statements free misstatement. audits included risks misstatement. procedures included examining evidence amounts disclosures statements. accounting principles estimates management overall presentation. audits provide reasonable basis for opinion."
}
{
    "_id": "ORCL20230869",
    "title": "",
    "text": "critical audit matter is from current period audit of financial statements communicated to audit committee relates to accounts disclosures material challenging complex judgments. alter our opinion on consolidated financial statements not separate opinion on."
}
{
    "_id": "ORCL20230872",
    "title": "",
    "text": "Note 13 financial statements Company recognizes uncertain tax positions measures benefits. uses judgment accounting uncertain tax positions revenue sharing cost reimbursement tax laws legal rulings jurisdictions. Auditing evaluation uncertain tax position complex judgment based tax laws rulings."
}
{
    "_id": "ORCL20230874",
    "title": "",
    "text": "addressed matter audit obtained understanding evaluated design tested controls process tax laws legal rulings assumptions estimates measurement positions. performed audit procedures assumptions analysis technical merits. involved tax professionals used knowledge tax laws experience. evaluated disclosures Note 13 consolidated financial statements."
}
{
    "_id": "ORCL20230876",
    "title": "",
    "text": "served auditor."
}
{
    "_id": "ORCL20230882",
    "title": "",
    "text": "Stockholders Board Oracle"
}
{
    "_id": "ORCL20230884",
    "title": "",
    "text": "audited Oracle financial reporting May 31, 2024 Internal Framework Sponsoring Organizations Treadway Commission COSO criteria. Oracle Corporation maintained control reporting."
}
{
    "_id": "ORCL20230885",
    "title": "",
    "text": "audited Public Company Accounting Oversight balance sheets May 31, 2024 2023 statements income stockholders’ equity cash flows three 2024 report June 20 unqualified opinion."
}
{
    "_id": "ORCL20230887",
    "title": "",
    "text": "management responsible internal control financial reporting assessment Report. responsibility opinion control based audit. public accounting firm registered PCAOB independent U. S. federal securities laws rules Securities and Exchange Commission PCAOB."
}
{
    "_id": "ORCL20230888",
    "title": "",
    "text": "conducted audit PCAOB. standards require plan assurance internal control financial reporting."
}
{
    "_id": "ORCL20230889",
    "title": "",
    "text": "audit included understanding internal control financial reporting risk material weakness testing effectiveness procedures necessary. audit provides basis opinion."
}
{
    "_id": "ORCL20230891",
    "title": "",
    "text": "internal control over financial reporting assurance reliability financial reporting preparation financial statements for accounting principles. includes policies procedures maintenance records transactions dispositions assets assurance transactions recorded necessary preparation financial statements receipts expenditures with authorizations management directors assurance prevention of unauthorized acquisition use disposition assets financial statements."
}
{
    "_id": "ORCL20230892",
    "title": "",
    "text": "limitations internal control financial reporting prevent misstatements. projections effectiveness future risk controls compliance policies deteriorate."
}
{
    "_id": "ORCL20230919",
    "title": "",
    "text": "millions assets Cash equivalents,765 Marketable securities Trade receivables credit losses $485 $428 May 2023 Prepaid expenses assets,019,554,004 Non assets Property plant equipment,536,069 Intangible assets Goodwill,230 Deferred tax assets,273,226 non-current assets,493,987,422,380,384 LIABILITIES liabilities"
}
{
    "_id": "ORCL20230926",
    "title": "",
    "text": "payable,357 compensation Deferred revenues,313 liabilities,353,544,090 Non-current liabilities"
}
{
    "_id": "ORCL20230941",
    "title": "",
    "text": "taxes,817,077 Deferred tax,692 non-current,420,193,738 Commitments contingencies Oracle Corporation equity Preferred stock. shares Common stock. 01 11,000 shares outstanding 2,755 2,713 May 2024 2023,764,215 deficit loss equity Noncontrolling interests equity,239 liabilities equity,384"
}
{
    "_id": "ORCL20230943",
    "title": "",
    "text": "consolidated."
}
{
    "_id": "ORCL20230978",
    "title": "",
    "text": "Ended May 31, millions Revenues Cloud services license support,383,307,174 on-premise license Hardware,183 Services,205 Total revenues,440 Operating expenses Cloud services license,213 Sales Research development,219 General administrative Amortization intangible assets,150 Acquisition Restructuring Total operating expenses Operating income,926 Interest expense Non-operating expenses Income before income taxes Provision income taxes Net income,467Earnings per share. 82. 49. 71. 07. 41 average shares,700,786"
}
{
    "_id": "ORCL20230979",
    "title": "",
    "text": "amortization intangible assets."
}
{
    "_id": "ORCL20230981",
    "title": "",
    "text": "consolidated."
}
{
    "_id": "ORCL20230995",
    "title": "",
    "text": "Ended May 31, millions Net income,467 income net tax foreign currency translation losses gains defined benefit plans gains cash flow hedges comprehensive income income,557,673,200"
}
{
    "_id": "ORCL20230997",
    "title": "",
    "text": "consolidated."
}
{
    "_id": "ORCL20231035",
    "title": "",
    "text": "Stock Additional Paid Capital Oracle millions share Shares Equity Balances May 31, 2021,120,175,238 Common stock compensation plans stock purchase plans Stock-based compensation Repurchases common stock(1,723(14,477,200 Shares repurchased tax withholdings vesting restricted stock-based awards(1,093 Cash dividends declared$1.28 per share(3,457 Other net comprehensive loss net Net income Balances May 31, 2022#(31,336#(1,692,220,768# Common stock stock-based compensation plans stock purchase plans stock-based compensation plan awards Stock-based compensation Repurchases common stock(166#,120#(1,286 Shares repurchased tax withholdings restricted stock-based awards,203# Cash dividends$1.36 share,668 Other net(98(115 comprehensive income Net income,668 Balances May 31, 2023,713(1,522 Common stock stock compensation plans stock stock purchase plans Stock-based compensation Repurchases common stock(117(1,083#,200 Shares repurchased tax withholdings restricted stock-based awards(2,040# Cash dividends$1.60 share,391# Other net(11#(99(110# Other comprehensive income net Net income Balances May 31, 2024,764##(1,432##9,239#"
}
{
    "_id": "ORCL20231037",
    "title": "",
    "text": "consolidated."
}
{
    "_id": "ORCL20231083",
    "title": "",
    "text": "Ended May 31, millions Cash flows operating activities Net income,467 Adjustments Depreciation Amortization intangible assets,150 Deferred income taxes,139 Stock compensation Other net Changes operating assets liabilities Increase trade receivables Decrease prepaid expenses Decrease accounts payable liabilities income taxes Increase revenues Net cash Cash flows activities Purchases securities,003,181,272 Proceeds sales maturities,151 Acquisitions net cash Capital expenditures,8668,695(4,511 Net cash investing activities(7,360(36,484,220 Cash financing Payments repurchases common stock,202,300(16,248 Proceeds issuances Shares repurchased tax withholdings(2,040,203(1,093 Payments dividends,391,668(3,457 commercial paper(167 Proceeds senior notes Repayments,500(21,050(8,250(55(560 Net cash financing activities,554(29,126 exchange rate equivalents(348 cash equivalents(8,715 end,454,765,383 Non-cash investing activities Unpaid capital expenditures#588 Supplemental schedule cash flow Cash taxes#3,560 interest,655,250,735"
}
{
    "_id": "ORCL20231085",
    "title": "",
    "text": "consolidated."
}
{
    "_id": "ORCL20231091",
    "title": "",
    "text": "Oracle Corporation provides products services enterprise needs infrastructure. deliver products services flexible IT deployment models. models include on-premise cloud-based hybrid deployments. Oracle Cloud Software-as-a-Service Cloud Infrastructure provide comprehensive applications infrastructure services. Customers purchase Oracle software licenses hardware products services cloud on-premise IT environments. software licenses support contracts upgrades maintenance releases technical support. hardware products support contracts updates repairs maintenance technical support. services utilization Oracle applications infrastructure."
}
{
    "_id": "ORCL20231092",
    "title": "",
    "text": "incorporated 2005 Delaware successor June 1977."
}
{
    "_id": "ORCL20231094",
    "title": "",
    "text": "consolidated financial statements include subsidiaries. Noncontrolling interest positions equity Oracle’s. noncontrolling interests income not significant results included non-operating expenses. Intercompany transactions balances eliminated. financial statements May 31, 2022 impacted by $4. 7 billion litigation charges 2022."
}
{
    "_id": "ORCL20231095",
    "title": "",
    "text": "first quarter 2024 Accounting Standards 2020-04 Reference Rate Reform Financial Reporting no impact financial statements year May 31, 2024."
}
{
    "_id": "ORCL20231098",
    "title": "",
    "text": "consolidated financial statements prepared United States. accounting principles (GAAP) Financial Accounting Standards (FASB Accounting Standards Codification consider staff accounting bulletins guidance SEC. accounting principles require estimates judgments assumptions. believe reasonable based information available. affect assets liabilities revenues expenses. differences between estimates results statements affected. accounting treatment transaction"
}
{
    "_id": "ORCL20231100",
    "title": "",
    "text": "GAAP require judgment. areas management’s judgment alternatives different result."
}
{
    "_id": "ORCL20231101",
    "title": "",
    "text": "first quarter fiscal 2023 assessment servers increased estimate four five years. May 31, 2022 change decreased operating expenses $434 million."
}
{
    "_id": "ORCL20231106",
    "title": "",
    "text": "sources revenues include license revenues services on-premise support perpetual software licenses cloud-premise revenues sale products industry-specific hardware support revenues cloud license hardware-related services consulting advanced customer services."
}
{
    "_id": "ORCL20231107",
    "title": "",
    "text": "Cloud services Oracle Cloud Services infrastructure cloud deployment models updates deploy host manage upgrade support subscription agreement."
}
{
    "_id": "ORCL20231108",
    "title": "",
    "text": "Cloud on-premise revenues granting perpetual licenses database middleware application industry software products. arrangements include support contracts customer’s option."
}
{
    "_id": "ORCL20231109",
    "title": "",
    "text": "License support revenues contracts purchased. contracts provide rights software upgrades maintenance releases patches include internet access technical content telephone access support personnel. priced cloud-premise fees. customers purchase renew contracts annually."
}
{
    "_id": "ORCL20231110",
    "title": "",
    "text": "Revenues hardware products Oracle Engineered Systems servers storage industry-specific hardware. hardware support offerings provide software updates repairs maintenance technical support. contracts priced fees."
}
{
    "_id": "ORCL20231112",
    "title": "",
    "text": "services offered. consulting deploy architect integrate upgrade secure investments Oracle applications infrastructure. advanced services supplemental support performance higher availability Oracle products."
}
{
    "_id": "ORCL20231119",
    "title": "",
    "text": "apply ASC 606 Revenue Contracts standard revenue recognition cloud license hardware services arrangements require revenues recognized transfer control promised goods services customers consideration. revenues recognized steps contract customer performance obligations transaction price price obligation •recognition revenues contractual obligations satisfied."
}
{
    "_id": "ORCL20231120",
    "title": "",
    "text": "customers cloud software agencies educational institutions channel partners resellers system integrators."
}
{
    "_id": "ORCL20231121",
    "title": "",
    "text": "revenue recognition from invoicing. record unbilled receivable invoicing. deferred revenues cash collection. payment terms 30 days vary. Invoices for cloud on-premise licenses hardware products issued delivery. license hardware contracts invoiced annually. Cloud SaaS infrastructure contracts invoiced annually quarterly monthly. Services invoiced advance performed. financing financed through Oracle financing division. transaction price adjusted time value interest revenue recorded non-operating expenses market rates."
}
{
    "_id": "ORCL20231122",
    "title": "",
    "text": "revenue arrangements include standard warranty service level provisions financial impacts insignificant. include right of return products. recognize revenues net taxes remitted to authorities."
}
{
    "_id": "ORCL20231125",
    "title": "",
    "text": "Revenues cloud services subscription recognized over contractual period date available. customer receives consumes benefits contract period. Revenues cloud services consumption metered services recognized utilization customer."
}
{
    "_id": "ORCL20231128",
    "title": "",
    "text": "Oracle’s obligations technical support software upgrades maintenance releases patches support period hardware repairs. obligated to make services available continuously contract period. revenues for recognized over contractual periods."
}
{
    "_id": "ORCL20231130",
    "title": "",
    "text": "Revenues from cloud on-premise obligations recognized software available. Revenues usage-based royalty arrangements recognized software user usage. royalty arrangements fixed minimum guarantee recognized software available."
}
{
    "_id": "ORCL20231132",
    "title": "",
    "text": "hardware product software interdependent accounted combined performance obligation. revenues recognized hardware product delivered ownership transferred customer."
}
{
    "_id": "ORCL20231134",
    "title": "",
    "text": "Services revenues recognized performed. fixed price recognized progress. consumption-based services recognized performed."
}
{
    "_id": "ORCL20231135",
    "title": "",
    "text": "Transaction Price Obligations"
}
{
    "_id": "ORCL20231136",
    "title": "",
    "text": "contracts include multiple performance obligations. Judgment. Oracle products services require integration not combined. allocate transaction price to obligation based on selling price."
}
{
    "_id": "ORCL20231138",
    "title": "",
    "text": "use judgment SSP products services. obligations except cloud on-premise licenses establish SSP prices sold comparable. establish SSP range reassessed periodic change. cloud on-premise licenses not sold standalone majority customers purchase support contracts. priced percentage net fees. unable establish SSP observable prices products sold selling price variable representative SSP not discernible past transactions evidence. SSP cloud on-premise license contract multiple performance obligations determined residual approach performance obligations allocated transaction price SSPs residual allocated revenues."
}
{
    "_id": "ORCL20231141",
    "title": "",
    "text": "Trade receivables credit deferred revenues balance sheets May 31, 2024 2023. revenues deferred $9. 0 billion $8. 3 billion. Revenues obligations impairment losses immaterial 2024 2023 2022."
}
{
    "_id": "ORCL20231142",
    "title": "",
    "text": "performance obligations represent contracted revenues recognized deferred invoices uncollected amounts future. contracts revenues impacted by seasonal factors. revenues highest fourth lowest first quarter. impacts influence obligations foreign exchange rate fluctuations. May 31, 2024 remaining obligations $97. 9 billion recognize 39% revenues next twelve months 36% 13 to 36 19% 37 to 60 remainder thereafter."
}
{
    "_id": "ORCL20231144",
    "title": "",
    "text": "offer customers acquire cloud hardware long-term contracts. sell contracts within 90 days execution. record transfers sales receivables control. 2024 2023 2022 $1. 4 billion $2. 0 billion $1. 8 billion receivables sold."
}
{
    "_id": "ORCL20231147",
    "title": "",
    "text": "apply ASC 805 Business Combinations acquisitions. ASC 805 requires transaction assets business. business defined integrated assets activities return investors. Asset acquisitions cost assets liabilities acquisition business separately goodwill assets acquired liabilities assumed fair values. Goodwill measured excess consideration transferred over fair values liabilities. use estimates value assets liabilities estimates uncertain subject refinement. measurement period one year record adjustments assets acquired liabilities assumed offset goodwill. conclusion determination subsequent adjustments recorded consolidated statements operations. Costs exit restructure activities acquired company operations accounted termination exit costs ASC 420 separately business combination. liability costs exit disposal recognized measured fair value in consolidated statement operations."
}
{
    "_id": "ORCL20231149",
    "title": "",
    "text": "business acquisition identify pre-acquisition contingencies date extend review evaluation measurement period obtain information assess fair value estimates assets liabilities assumed determine estimated amounts. If determine fair value non-income tax pre-acquisition contingency end measurement period recognize asset liability if probable asset existed liability incurred acquisition date amount reasonably estimated. changes estimates affect earnings results operations financial position."
}
{
    "_id": "ORCL20231150",
    "title": "",
    "text": "uncertain tax positions valuation allowances in business combination estimated acquisition date. reevaluate quarterly facts adjustments recorded to goodwill if identified measurement period. changes to tax positions affect provision for income taxes consolidated statement results financial position."
}
{
    "_id": "ORCL20231152",
    "title": "",
    "text": "ASC 320 Investments—Debt Securities classify marketable debt securities available-for-sale. carry fair value report unrealized gains losses stockholders’ equity credit losses non-operating expenses consolidated statements. evaluate investments impairment charges. investments classified current availability operations."
}
{
    "_id": "ORCL20231153",
    "title": "",
    "text": "Investments in equity securities recorded at fair values. Non-marketable equity securities control recorded at cost less impairment adjusted for price changes from transactions gains or losses recorded non expenses. equity investments account equity method accounting record share investee’s earnings losses amortization of differences between investment basis equity assets impairment non-operating expenses."
}
{
    "_id": "ORCL20231154",
    "title": "",
    "text": "non recorded interest adjusted credit losses."
}
{
    "_id": "ORCL20231155",
    "title": "",
    "text": "investments debt $207 $422 million May 2024 2023 balance sheets."
}
{
    "_id": "ORCL20231157",
    "title": "",
    "text": "non-marketable debt equity securities totaled $2. 0 billion $1. 6 billion May 31, 2024 2023 included balance sheets subject impairment reviews. majority investments Ampere Computing Holdings ownership 29%. follow equity accounting loss recorded non-operating expenses statements."
}
{
    "_id": "ORCL20231159",
    "title": "",
    "text": "debt investments Ampere mature June 2026 convertible equity securities. fiscal year May 2024 invested $600 million convertible debt instruments Ampere. $1. 5 billion $1. 2 billion May 31, 2024 2023. counterparty put call options $400 million to $1. 5 billion acquire equity interests Ampere January 2027. obtain control Ampere consolidate. net losses."
}
{
    "_id": "ORCL20231161",
    "title": "",
    "text": "apply ASC 820 Fair Value Measurement assets liabilities debt equity securities derivative instruments."
}
{
    "_id": "ORCL20231162",
    "title": "",
    "text": "disclosures value Note 4."
}
{
    "_id": "ORCL20231164",
    "title": "",
    "text": "record allowances credit losses invoices. provisions differing rates age collection history region economic conditions. write-off receivable charge against allowance collection efforts success."
}
{
    "_id": "ORCL20231166",
    "title": "",
    "text": "Financial instruments credit risk cash equivalents securities derivatives trade receivables non-marketable investments. cash equivalents held with institutions exposure. policies limit debt investment-grade. derivative contracts with high credit exposure losses mitigated with collateral security agreements. collateral accounts receivable. risk trade receivables mitigated by credit evaluations short duration payment terms diversification base. No customer 10% revenues in 2024 2023 2022. Non."
}
{
    "_id": "ORCL20231167",
    "title": "",
    "text": "outsource manufacturing assembly delivery majority hardware products cloud services companies many outside U. S. simplified supply chain reducing third-party manufacturing partners locations. inability deliver services impact future results cloud hardware businesses."
}
{
    "_id": "ORCL20231170",
    "title": "",
    "text": "Inventories lower cost. evaluate inventories excess obsolescence. sales projections"
}
{
    "_id": "ORCL20231172",
    "title": "",
    "text": "demand. Inventories charged hardware expenses. impact technology write inventories obsolete. loss new lower-cost basis changes restoration. Inventories prepaid expenses assets consolidated balance sheets $334 million $298 million May 31, 2024 2023."
}
{
    "_id": "ORCL20231174",
    "title": "",
    "text": "receivables value-added sales. prepaid expenses assets balance $821 million $798 million May 31, 2024 2023."
}
{
    "_id": "ORCL20231176",
    "title": "",
    "text": "defer sales commissions incremental recoverable costs cloud license hardware contract. Initial sales commissions contracts deferred amortized four years. historical durations contracts lives technologies factors. Sales commissions renewal contracts cloud deferred amortized renewal period one to three years. Amortization deferred commissions sales marketing expenses consolidated statements balances commissions non-current."
}
{
    "_id": "ORCL20231178",
    "title": "",
    "text": "Property plant equipment stated at cost less depreciation. Depreciation computed estimated lives one to 40 years. Leasehold improvements amortized estimated lives. reviewed for impairment. impairment charges 2024 2023 2022."
}
{
    "_id": "ORCL20231180",
    "title": "",
    "text": "Goodwill excess purchase price over value assets acquired. Intangible assets indefinite useful life itemized Note 6 amortized over useful lives one to 10 years. annually assess useful lives assets adjust shorter cash."
}
{
    "_id": "ORCL20231182",
    "title": "",
    "text": "goodwill intangible assets reviewed for impairment annually. goodwill assessed impairment option qualitative factors impairment quantitative impairment test. factors include cost financial performance legal regulatory contractual political business entity specific industry market macroeconomic conditions events. fair value less than carrying value quantitative test performed. no further testing"
}
{
    "_id": "ORCL20231184",
    "title": "",
    "text": ". reporting units compare fair value with carrying amount including goodwill. estimates judgments assumptions future cash flows discount rate future market conditions comparables peer. If estimated fair value less than carrying impairment recognized limited goodwill. recent goodwill impairment analysis March 1, 2024 impairment charge. impairment charges 2023 2022."
}
{
    "_id": "ORCL20231185",
    "title": "",
    "text": "Recoverability finite assets measured carrying amount future cash flows lowest asset grouping. indefinite carrying amount fair value. impaired impairment difference carrying value fair value. asset impairment charges 2024 2023 2022."
}
{
    "_id": "ORCL20231187",
    "title": "",
    "text": "fiscal 2024 2023 2022 used derivative instruments foreign currency interest rate risks. trading. account ASC 815 Derivatives Hedging derivative instrument liability fair value date. changes values earnings unless hedge accounting documentation criteria."
}
{
    "_id": "ORCL20231188",
    "title": "",
    "text": "accounting for changes fair value derivative depends on use designation. fair value hedge loss gain recognized in earnings offset recorded to item risk. cash flow hedge change in fair value to loss balance sheets change reclassified to earnings."
}
{
    "_id": "ORCL20231190",
    "title": "",
    "text": "apply provisions ASC 842 leases. determine lease inception. lease liabilities recognized commencement present value payments. use incremental borrowing rate future payments. Right-of-Use) assets liabilities measured inception liability prepaid lease payments lease incentives. lease terms include options extend terminate. amortize ROU assets lease expense term classify amortization imputed interest expenses. lease agreements non-lease components account single lease component. recognize assets liabilities original term less one year. Abandoned leases ROU impairment charges ASC 842."
}
{
    "_id": "ORCL20231192",
    "title": "",
    "text": "ROU assets leases non-current short-term long-term consolidated balance sheets. Cash flow lease prepaid expenses assets accounts payable liabilities net cash"
}
{
    "_id": "ORCL20231194",
    "title": "",
    "text": "consolidated cash May 2024 2023. Note 10 leases."
}
{
    "_id": "ORCL20231196",
    "title": "",
    "text": "involved in claims legal proceedings. Quarterly review status assess potential financial exposure. accounting policies contingencies Combinations”. contingencies not accrue liability estimated loss probable estimated. Note 16 information legal contingencies."
}
{
    "_id": "ORCL20231198",
    "title": "",
    "text": "transact business foreign currencies. currency foreign operation local. revenues expenses outside. translated. Dollars assets liabilities. translated. Dollars balance. foreign currency translation adjustments stockholders’ equity line item income. Net foreign exchange transaction losses $228 million $249 million $199 million 2024 2023 2022."
}
{
    "_id": "ORCL20231200",
    "title": "",
    "text": "account share-based payments employees service-based stock awards stock options performance stock options purchases stock plans ASC 718 payments consolidated statements. account forfeitures awards."
}
{
    "_id": "ORCL20231201",
    "title": "",
    "text": "-based stock awards recognize compensation expense four years."
}
{
    "_id": "ORCL20231202",
    "title": "",
    "text": "PSOs recognize stock-based compensation expense straight-line tranches probable achievement estimated implicit service period performance-metric derived service period market-based. interim annual reporting stock compensation expense recorded expected performance targets. Changes estimates shares vest implicit service periods cause stock compensation expense vary. changes reflected compensation expense PSO tranche. Changes estimates implicit service periods recognized prospectively."
}
{
    "_id": "ORCL20231204",
    "title": "",
    "text": "record deferred tax assets stock compensation awards deductions income tax returns compensation fair values vested stock statutory tax rates jurisdictions. impacts tax deductions awards recognized reporting period award vests stock option deferred tax asset recorded detriment/benefit provision"
}
{
    "_id": "ORCL20231206",
    "title": "",
    "text": ". 12 stock compensation plans expenses."
}
{
    "_id": "ORCL20231208",
    "title": "",
    "text": "Research development costs expensed ASC 730. Software ASC 985-20 ASC 350-40-Use material financial statements 2024 2023 2022."
}
{
    "_id": "ORCL20231216",
    "title": "",
    "text": "Acquisition expenses personnel costs business combination adjustments operating items. fiscal 2022 litigation charges. Ended May 31, millions Transitional employee costs#19#77 Business adjustments####4,694 expenses#314#190#4,713"
}
{
    "_id": "ORCL20231226",
    "title": "",
    "text": "Non-operating expenses interest income foreign currency losses noncontrolling interests profits subsidiaries Oracle Financial losses equity investments income expenses unrealized gains losses deferred compensation plan pension income losses. Ended May 31, Interest income Foreign currency losses Noncontrolling interests income Losses equity investments Other income non-operating expenses"
}
{
    "_id": "ORCL20231228",
    "title": "",
    "text": "account income taxes ASC 740. Deferred taxes recorded differences tax assets liabilities. record valuation allowance reduce deferred tax assets future tax benefit."
}
{
    "_id": "ORCL20231230",
    "title": "",
    "text": "two-step approach ASC 740 uncertain tax positions tax return. first step evidence tax position sustained audit appeals. second step measure tax benefit largest amount"
}
{
    "_id": "ORCL20231232",
    "title": "",
    "text": "50% settlement. recognize interest penalties uncertain tax positions statements."
}
{
    "_id": "ORCL20231233",
    "title": "",
    "text": "accounting policies tax contingencies valuation allowances business combination."
}
{
    "_id": "ORCL20231235",
    "title": "",
    "text": "November 2023 FASB issued ASU 2023-07 Improvements Disclosures enhances disclosures segments interim financial statements. effective annual 2025 interim 2026. Early adoption permitted. evaluating impact financial statements."
}
{
    "_id": "ORCL20231236",
    "title": "",
    "text": "Taxes December 2023 FASB issued ASU 2023-09 Disclosures enhances disclosures financial statements. effective 2026. early adoption retrospective application permitted. evaluating impact financial statements."
}
{
    "_id": "ORCL20231239",
    "title": "",
    "text": "June 8 2022 acquisition Cerner Corporation digital information systems hospitals healthcare."
}
{
    "_id": "ORCL20231240",
    "title": "",
    "text": "purchase Cerner $28. 2 billion. cash $55 million awards options. $18. 6 billion goodwill $12. billion assets $2. 4 billion liabilities. not deductible."
}
{
    "_id": "ORCL20231242",
    "title": "",
    "text": "2024 2023 2022 acquired companies purchased technology products. significant consolidated financial statements."
}
{
    "_id": "ORCL20231244",
    "title": "",
    "text": "Cash equivalents deposits banks funds securities 90 days. Marketable securities deposits equity securities 90."
}
{
    "_id": "ORCL20231246",
    "title": "",
    "text": "amortized cash securities values May 31, 2024 2023. specific identification method gains losses securities."
}
{
    "_id": "ORCL20231255",
    "title": "",
    "text": "2024 2023 2022. table summarizes cash equivalents marketable securities available-sale millions market funds deposits investments,930,162 cash equivalents,723 marketable securities"
}
{
    "_id": "ORCL20231256",
    "title": "",
    "text": "May 31, 2024 2023 debt investments mature year. market risk interest rates. limit purchases investment high credit ratings credit exposure issuer. averse principal loss default market risk."
}
{
    "_id": "ORCL20231257",
    "title": "",
    "text": "cash balance sheets May 31, 2024 2023 statements May 2024 2023 2022 immaterial."
}
{
    "_id": "ORCL20231259",
    "title": "",
    "text": "perform fair value measurements ASC 820. defines fair value price selling asset transfer liability transaction market participants. fair value measurements liabilities consider principal market assumptions risk transfer restrictions risk nonperformance."
}
{
    "_id": "ORCL20231264",
    "title": "",
    "text": "ASC 820 establishes fair value hierarchy maximize observable minimize unobservable inputs. asset’s liability’s categorization based lowest level input significant. three levels inputs value •Level 1: quoted prices in active markets identical assets 2: inputs other than Level 1 observable •Level 3: unobservable inputs supported by little or no market activity significant to fair values."
}
{
    "_id": "ORCL20231266",
    "title": "",
    "text": "Liabilities Measured Recurring"
}
{
    "_id": "ORCL20231277",
    "title": "",
    "text": "assets liabilities measured fair value 1 2 defined 31, 2024 31, 2023 Value Measurements Types millions 2 Assets Money market funds Time deposits Derivative financial instruments Total assets#2,668#3,109,264 Liabilities Derivative financial instruments"
}
{
    "_id": "ORCL20231278",
    "title": "",
    "text": "valuation techniques instruments Level 1 from market prices active markets. Level 2 instruments non-binding market consensus prices market data quoted market prices pricing models discounted cash flow inputs data reference rate yield curves."
}
{
    "_id": "ORCL20231279",
    "title": "",
    "text": "prices $86. 5 billion $89. 9 billion senior notes borrowings hedges May 31, 2024 2023 estimated values $77. 2 billion $79. 9 billion."
}
{
    "_id": "ORCL20231291",
    "title": "",
    "text": "Property plant equipment millions Computer network machinery equipment years,258 Buildings improvements years Furniture fixtures years Land Construction,846 Total property plant equipment years,674 Accumulated,282,605 Total property plant equipment,069"
}
{
    "_id": "ORCL20231293",
    "title": "",
    "text": "computer equipment deployed data centers."
}
{
    "_id": "ORCL20231303",
    "title": "",
    "text": "changes intangible assets 2024 net book value May 31, 2024 2023 Assets Amortization Average millions 31, 2023 Life(1) Developed technology,300,235,407,959 Cloud services license support agreements relationships,456(996,460,579(1,026,609,877######2,851. Cloud license on-premise license agreements relationships,688(125####2,563(697(467(1,039.(1,506(841,294.intangible assets net#20,026,298,791,189,010#1,298(11,901#6,890"
}
{
    "_id": "ORCL20231304",
    "title": "",
    "text": "weighted lives assets 2024."
}
{
    "_id": "ORCL20231312",
    "title": "",
    "text": "May 31, 2024 expenses intangible assets 2025 2026 2027 2028 2029 intangible assets"
}
{
    "_id": "ORCL20231320",
    "title": "",
    "text": "changes goodwill not deductible tax 2024 2023 millions Goodwill net Balances May 31, 2022,367,811,618 Goodwill adjustments(81 Balances May 31, 2023,732,261 Goodwill adjustments Balances May 31, 2024,072,732,426,230"
}
{
    "_id": "ORCL20231322",
    "title": "",
    "text": "include changes goodwill balances foreign translations adjustments."
}
{
    "_id": "ORCL20231381",
    "title": "",
    "text": "millions Issuance Interest notes $1,000. 625% July 2023. 73% $2,500. 40% September 2023 2016.,500. 44% $2,000. 40% July 2024 2014. 95% November 2024 2017.,500. 50% April 2025. 54%. 95% May 2025. 125% July. $1,000. 80% November 2025.,750. 65% March 2026. $3,000. 65% July 2016.,250. 80% April 2027.,750. 25% November 2027 2017.,750. 29% $2,000. 30% March 2028. $750 4. 50%. 60%,250. 15% November 2029.,250 2. 95% April 2030. $750. 65% May 2030. $500 3. 25%.,250 2. 875% March 2031.,250 6. 25% November 2032. 32%,500. 90% February 2033.,750. 30% July 2034.,250 3. 90% May 2035.,250 3. 85% July 2036.,750. November 2037.,250. 50% April 2038..,250. 125% July 2039 2009. $3,000 3. 60% April 2040. 64%,250. 375% July. 65% March 2041 2021. $1,000 4. 50% July 2044 2014. $2,000. 125% May 2045 2015. $3,000. July 2046 2016. $2,250 4. November 2047.,500. 60% April 2050.,250. 95% March 2051 2021. November 2052 2022. 55% February 2053. 375% May 2055. $3,500.85% April 2060,500. 10% March 2061. Term loan credit agreement borrowings $790 SOFR. 70% August. 68% $170 SOFR. 70% 2025. $3,570 SOFR. 70% August. 68% $1,100 SOFR. 70%. Commercial paper. 89% August 2025. senior notes borrowings,202,856 Unamortized discount Hedge accounting value notes borrowings,869"
}
{
    "_id": "ORCL20231385",
    "title": "",
    "text": "July 2013, issued €750 million. 125% notes July 2025. costs calculated rates May 31, 2024 2023. New York Stock Exchange."
}
{
    "_id": "ORCL20231387",
    "title": "",
    "text": "2018 cross-currency interest swap agreements Euro debt variable. Dollar $871 million LIBOR. effective interest rates May 2024 2023 8. 76%. 36% July 2025. accounting fair value hedges."
}
{
    "_id": "ORCL20231388",
    "title": "",
    "text": "2023 interest rate swap agreements floating fixed 3. 07%, margin credit rating-term unsecured debt. interest rates 4. 74% 2024 2023. Note 1 accounting cash flow hedges."
}
{
    "_id": "ORCL20231396",
    "title": "",
    "text": "principal payments-currency July 2025 Notes borrowings May 31, 2024 2025,612 2026,016 2027 2028,145 2029,750,266"
}
{
    "_id": "ORCL20231398",
    "title": "",
    "text": "Interest payable semi-annually senior notes except Euro Notes. redeem senior notes maturity restrictions make-whole premium."
}
{
    "_id": "ORCL20231399",
    "title": "",
    "text": "senior notes commercial paper program indebtedness Oracle Corporation Revolving Credit Agreement Term Loan Credit Agreement. liabilities subsidiaries senior Commercial Paper Notes Term Loan Credit Agreement Revolving Credit Agreement. debt covenants May 31, 2024."
}
{
    "_id": "ORCL20231401",
    "title": "",
    "text": "June 8, 2022 borrowed $15. 7 billion delayed March 2022 Cerner. net cash proceeds debt equity issuances mandatory prepayments. Interest based Term Secured Overnight Financing Rate margin 100. 137. 5 unsecured Base Rate formula margin. 37. 5 points. interest rate fiscal 2023 3. 57%. repaid borrowed 2023."
}
{
    "_id": "ORCL20231404",
    "title": "",
    "text": "Revolving Credit Agreement provides unsecured $6. 0 billion five-year revolving credit facility working capital corporate purposes. conditions borrow prepay reborrow. borrowed due March 8, 2027 unless terminated earlier lenders. Interest based Term SOFR-based formula margin 87. 5 points to 150. points credit rating Base Rate formula margin 0. to 50. points credit rating"
}
{
    "_id": "ORCL20231406",
    "title": "",
    "text": "Revolving Credit. May 2024 2023 borrowing."
}
{
    "_id": "ORCL20231408",
    "title": "",
    "text": "fiscal 2023 term loan credit agreement commitment $5. 6 billion borrowed $4. 7 billion 1 $960 million 2. request additional commitments $6. 0 billion Incremental Borrowing. use proceeds Borrowing working capital corporate purposes."
}
{
    "_id": "ORCL20231412",
    "title": "",
    "text": "Term Loan Credit Agreement repayment equal borrowed reduced prepayments. 25% September 30, 2024 quarterly until June 30, 2026. 50% September 30 2026 until June 30 2027 unpaid Loan 1 payable August 16, 2027 2 payable August 16, 2025 extension unless loans prepaid earlier accelerated default."
}
{
    "_id": "ORCL20231413",
    "title": "",
    "text": "termination date Term Loan 2 Facility extended 2 years. Loan extended 2 years."
}
{
    "_id": "ORCL20231414",
    "title": "",
    "text": "Interest based Term SOFR formula margin 147. 197. credit rating unsecured debt Base Rate formula margin 47. 97. Term Loan Credit Agreement."
}
{
    "_id": "ORCL20231415",
    "title": "",
    "text": "covenants Term Loan Agreement May."
}
{
    "_id": "ORCL20231416",
    "title": "",
    "text": "June 10, 2024 terminated Term Loan Credit Agreement repaid principal interest accrued. borrowed maximum $5. 6 billion agreement 2) same date. terms Agreement 2 similar interest consolidation facilities options extend. Interest based Term SOFR-based formula margin 112. 5 to 162. 5 points credit rating Base Rate formula margin 12. 5 to 62. 5 points credit rating Agreement 2."
}
{
    "_id": "ORCL20231420",
    "title": "",
    "text": "Term Loan Agreement 2 repayment borrowed prepayments. 25% September 30 2024 June 30 2026. 50% September 2026 June 30 2027"
}
{
    "_id": "ORCL20231422",
    "title": "",
    "text": "remaining unpaid principal balance Term Loan Credit Agreement 2 due payable August 16 2027 unless loans prepaid accelerated default."
}
{
    "_id": "ORCL20231423",
    "title": "",
    "text": "termination Term Loan Credit Agreement extended option 2 years. each lender’s option 2 years."
}
{
    "_id": "ORCL20231425",
    "title": "",
    "text": "$6. billion commercial paper program issue sell unsecured private placement exemption registration dealer agreements banks Deutsche Bank."
}
{
    "_id": "ORCL20231426",
    "title": "",
    "text": "May 31, 2024 2023 $401 million $563 million Commercial Paper Notes. August 2024. proceeds purposes."
}
{
    "_id": "ORCL20231429",
    "title": "",
    "text": "fiscal 2024 management approved initiated plans restructure improve efficiencies acquisitions activities Restructuring Plan. estimated restructuring costs $635 million recorded expense statements. recorded $432 million restructuring expenses fiscal 2024. changes reflected future results."
}
{
    "_id": "ORCL20231432",
    "title": "",
    "text": "fiscal 2022 management approved initiated plans restructure improve efficiencies acquisitions activities Restructuring Plan. 2023 supplemented Restructuring Plan actions. Restructuring costs recorded statements. recorded $493 million $223 million 2023 2022. total costs"
}
{
    "_id": "ORCL20231434",
    "title": "",
    "text": "2022 Plan $716 million. complete May 31,."
}
{
    "_id": "ORCL20231446",
    "title": "",
    "text": "Ended May 31, 2024 Costs Expected millions 31, 2023(2) Costs(3). Cost(4) 31, 2024(2) Date Costs Fiscal 2024 Oracle Restructuring Plan(1) Cloud license Hardware Services Total Fiscal 2024 Oracle Restructuring Plan#447#432 restructuring plans(6)#199 Total restructuring plans#447#236"
}
{
    "_id": "ORCL20231458",
    "title": "",
    "text": "Ended May 31, 2023 millions 31, 2022 Costs(3). Cost(4) 31, Fiscal 2022 Oracle Restructuring Plan(1) Cloud license#288 Hardware Services####162 Fiscal 2022 Oracle Restructuring Plan$#496#157 restructuring plans(6)#71#42 Total restructuring plans#497"
}
{
    "_id": "ORCL20231470",
    "title": "",
    "text": "Ended May 31, 2022 millions 31, 2021 Costs(3). Cost(4) 31, 2022 Fiscal 2022 Oracle Restructuring Plan(1) Cloud license Hardware Services Other Total Fiscal 2022 Oracle Restructuring Plan#222 restructuring plans(6)#225#71 Total restructuring plans"
}
{
    "_id": "ORCL20231471",
    "title": "",
    "text": "costs operating segments related employee severance costs. Other not costs."
}
{
    "_id": "ORCL20231472",
    "title": "",
    "text": "May 2024 2023 restructuring liabilities balance sheets."
}
{
    "_id": "ORCL20231473",
    "title": "",
    "text": "recorded restructuring plans."
}
{
    "_id": "ORCL20231474",
    "title": "",
    "text": "plan adjustments estimates costs recorded operating expenses."
}
{
    "_id": "ORCL20231475",
    "title": "",
    "text": "non-cash adjustments."
}
{
    "_id": "ORCL20231476",
    "title": "",
    "text": "restructuring plans included information Oracle acquisitions continued cash outlays settle obligations periodic impact consolidated statements not significant."
}
{
    "_id": "ORCL20231487",
    "title": "",
    "text": "Deferred revenues 31, millions Cloud services license support,203 Hardware Services Cloud on-premise license current non-current revenues,546"
}
{
    "_id": "ORCL20231489",
    "title": "",
    "text": "Deferred cloud services license hardware represent payments contracts revenues recognized based usage. include prepayments recognized performed. cloud license on-premise license revenues from payments undelivered products services enhancements."
}
{
    "_id": "ORCL20231493",
    "title": "",
    "text": "leases data centers facilities. May 31, 2024 remaining fifteen years options extend terminate."
}
{
    "_id": "ORCL20231494",
    "title": "",
    "text": "lease expenses $1. 2 billion $9 million 2024 $873 million $11 2023. May 31, 2024 $7. 3 billion $1. 3 billion $6. 3 billion. $4. 2 billion obligations. Cash $1. 2 billion $894 million 2024 2023. lease term nine years discount rate 5. 1%. $22. 9 billion additional lease commitments data centers 2025 2027 nine fifteen years balance sheet."
}
{
    "_id": "ORCL20231504",
    "title": "",
    "text": "operating lease liabilities May 31, 2024 2025,313 2026 2027,128 2028 2029,861 lease payments interest lease liability"
}
{
    "_id": "ORCL20231505",
    "title": "",
    "text": "2024 $9. 3 billion data centers 2025 2026 fourteen fifteen years."
}
{
    "_id": "ORCL20231507",
    "title": "",
    "text": "ordinary unconditional purchase obligations suppliers agreements enforceable legally binding specify terms quantities price provisions timing payment. routine arrangements not included amounts secure pricing terms difficult quantify less than one year."
}
{
    "_id": "ORCL20231516",
    "title": "",
    "text": "May 31, 2024 purchase obligations 2025 2026 2027 2028 2029#1,587"
}
{
    "_id": "ORCL20231518",
    "title": "",
    "text": "Note 7 May 31, 2024 senior notes borrowings instruments risks exposures."
}
{
    "_id": "ORCL20231520",
    "title": "",
    "text": "cloud license hardware sales agreements include provisions intellectual property rights. incurred costs liabilities consolidated financial statements. sales agreements include confidentiality service level requirements. determine maximum potential amount limited history prior indemnification unique facts circumstances."
}
{
    "_id": "ORCL20231521",
    "title": "",
    "text": "Oracle Cloud Services agreements include warranty performed during period. license hardware agreements include warranty products operate one year after delivery. warrant services industry standards 90 days from."
}
{
    "_id": "ORCL20231524",
    "title": "",
    "text": "Board approved common stock. 2024 $7. billion. repurchased 10. million $1. billion 17. $1. billion 185. $16. billion 2024 2023 2022."
}
{
    "_id": "ORCL20231525",
    "title": "",
    "text": "stock repurchase authorization expiration working capital cash debt repayment obligations stock price conditions. repurchases open market purchases Rule 10b5-1 trading plan. accelerated suspended delayed discontinued."
}
{
    "_id": "ORCL20231527",
    "title": "",
    "text": "2024 2023 2022 Directors declared dividends. 36. 28 common stock."
}
{
    "_id": "ORCL20231529",
    "title": "",
    "text": "June 2024 Board declared quarterly dividend $0. 40 common stock. payable July 25 stockholders July 11 2024. Future Board Directors."
}
{
    "_id": "ORCL20231539",
    "title": "",
    "text": "table summarizes AOCL taxes millions Foreign currency translation losses(1,703,686 Unrealized gains marketable securities defined benefit plans cash flow hedges loss(1,432"
}
{
    "_id": "ORCL20231543",
    "title": "",
    "text": "2021 adopted 2020 Equity Incentive Plan 2000 Long-Term Equity Incentive Plan long-term performance awards restricted stock awards non-qualified incentive options stock purchase appreciation rights employees officers directors. 2022 2024 stockholders approved Amended 2020 Equity Incentive Plan increased authorized shares 300 million 350 million. 457 million shares stock available future awards May 31, 2024. full value award 2. 5 shares deducted."
}
{
    "_id": "ORCL20231544",
    "title": "",
    "text": "May 31, 2024 134 million unvested RSUs 38 million PSOs 11 million vested 13 million shares stock. purchase appreciation."
}
{
    "_id": "ORCL20231545",
    "title": "",
    "text": "vesting schedule Compensation Committee. RSUs vesting 25% annually four years. granted 2000 Plan market value 25% annually expire 10 years."
}
{
    "_id": "ORCL20231547",
    "title": "",
    "text": "PSOs granted 2000 Plan Chief Executive Technology Officer 2018 seven vesting tranches. One tranche market-based metric achieved vested 2022. six tranches performance market capitalization metric by May 31, 2022 extended May 2025. six market capitalization goals achieved. One performance goal 2023 first six tranches vested 2024. One performance goal achieved 2024 second not vested May 31, 2024. goals achieved before May 31, 2025 additional tranches may vest employment service. Stock-based compensation expense recognized. compensation vesting tranche"
}
{
    "_id": "ORCL20231549",
    "title": "",
    "text": "reversed cumulative recognized determination. estimated service periods tranches May 31, 2024 one year."
}
{
    "_id": "ORCL20231550",
    "title": "",
    "text": "acquisitions assumed stock awards options plans substituted similar. retained rights terms conditions plans. May 31, 2024 520,000 unvested RSUs stock options 257,000 shares common stock vested under stock plans assumed."
}
{
    "_id": "ORCL20231551",
    "title": "",
    "text": "1993 Directors’ Stock Plan RSUs stock awards options non-employee directors. amended restated. 10 million shares common stock reserved issuance 2013 2 million. RSUs one-year anniversary. 2016, amended Compensation Committee grants non-employee grants chairing Board committees. 2020 Committee reduced annual RSU grants $350,000 eliminated equity grants chairing Board committees. May 31, 2024 36,000 unvested RSUs stock options 92,000 shares common stock. 1 million shares available for future stock awards."
}
{
    "_id": "ORCL20231568",
    "title": "",
    "text": "table stock activity Oracle three years 2024 Awards Shares Balance May 2021. 87. 07 Vested issued. Canceled. May 2022. 34. 67. 02 Vested issued. 97 Canceled. 25 Balance May 2023. 09. 26 Vested issued. 97 Canceled. 52 Balance May 2024."
}
{
    "_id": "ORCL20231570",
    "title": "",
    "text": "awards 2024 2023 $3. 5 billion $2. 9 billion $1. billion. May 2024 compensation expense $8. 6 billion. years."
}
{
    "_id": "ORCL20231584",
    "title": "",
    "text": "table summarizes stock option activity awards three years May 31, 2024 price Stock Option Price Balance May 31, 2021. 14 Granted assumed. May 2022. 70. May 2023. 42 Granted assumed. 91. 84 Balance May 31, 2024."
}
{
    "_id": "ORCL20231589",
    "title": "",
    "text": "Stock options expected May 31, 2024 Stock Options millions-Average Exercise Price Contract Term Intrinsic millions Vested.#1,691 Expected. Total. 73,365"
}
{
    "_id": "ORCL20231590",
    "title": "",
    "text": "value calculated closing stock price 2024 $117. 19 exercise prices options tax."
}
{
    "_id": "ORCL20231591",
    "title": "",
    "text": "unrecognized compensation expense shares May 2024 $76 million. 96 years. 16 million shares not expected vest."
}
{
    "_id": "ORCL20231593",
    "title": "",
    "text": "estimated restricted stock awards service vesting market values discounted dividends."
}
{
    "_id": "ORCL20231606",
    "title": "",
    "text": "Stock-based compensation consolidated Ended May 31, millions Cloud services license support Hardware Services Sales marketing Research development General administrative stock-based compensation Estimated income tax benefit stock-based compensation net tax benefit#3,061,745"
}
{
    "_id": "ORCL20231608",
    "title": "",
    "text": "Tax Benefits Options Awards"
}
{
    "_id": "ORCL20231609",
    "title": "",
    "text": "cash stock $545 million $1. billion $319 million 2024 2023. awards $7. 4 billion $5. 1 billion $3. 7 billion. tax benefits $1. 7 billion $1. 2 billion $843 million."
}
{
    "_id": "ORCL20231611",
    "title": "",
    "text": "Employee Stock Purchase Plan 95% market Oracle stock semi-annual option. 2024 35 million shares reserved future. issued 2 million shares 2024 2023 2022."
}
{
    "_id": "ORCL20231613",
    "title": "",
    "text": "contribution plans. employees $468 $470 $412 million 2024 2023 2022."
}
{
    "_id": "ORCL20231614",
    "title": "",
    "text": ". employees Oracle Corporation 401(k) Savings Investment Plan. contribute 40% compensation-pay-period 401 Plan 402(g. Internal Revenue Service. contributions 50% 6% compensation. contributions $200 million $198 million $164 million 2024 2023 2022."
}
{
    "_id": "ORCL20231615",
    "title": "",
    "text": "non-qualified deferred compensation plans compensation until retirement. Deferred plan assets liabilities $988 million $792 million May 31, 2024 2023 consolidated balance sheets."
}
{
    "_id": "ORCL20231616",
    "title": "",
    "text": "sponsor defined benefit pension plans foreign subsidiaries. assumed required. deposit funds insurance trustees government accounts. expenses $71 million $78 million $67 million 2024 2023 2022. net liability May 31, 2024 $997 million $313 million May 2023 $939 million $322 million."
}
{
    "_id": "ORCL20231619",
    "title": "",
    "text": "tax rates income losses jurisdictions. 2024 2023 2022 due foreign operations state taxes. research development tax credit settlements stock-based compensation Foreign Derived Intangible Income deduction Global Intangible Low-Taxed Income."
}
{
    "_id": "ORCL20231626",
    "title": "",
    "text": "geographical breakdown income before taxes Ended May millions Domestic Foreign,278 Income before taxes,741,126"
}
{
    "_id": "ORCL20231641",
    "title": "",
    "text": "income taxes Ended May 31, millions Current provision Federal State Foreign,183 provision,790 Deferred benefit Federal,020,193,661 State Foreign Total deferred benefit,139,167,146 Total provision income taxes#932 Effective income tax rate. 2%"
}
{
    "_id": "ORCL20231657",
    "title": "",
    "text": "income taxes federal rate Ended May 31,. federal statutory tax rate. Tax provision statutory rate,466 Foreign earnings. rates State tax expense federal benefit Settlements releases judicial decisions expirations Tax contingency interest Domestic tax contingency Federal research development credit Stock-based compensation one tax attribute provision income taxes"
}
{
    "_id": "ORCL20231685",
    "title": "",
    "text": "deferred tax assets liabilities Deferred tax assets Accruals allowances Employee compensation benefits revenue Lease liabilities property plant equipment intangible assets,315 Capitalized research development Tax credit loss Total deferred tax assets,977 Valuation allowance,898,672,037 Deferred tax liabilities Unrealized gain stock Acquired intangible assets deferred assets Withholding taxes foreign earnings Total deferred tax liabilities Net tax assets Non-current deferred,692#6,454"
}
{
    "_id": "ORCL20231686",
    "title": "",
    "text": "provide U. income taxes undistributed earnings differences foreign subsidiaries unless indefinitely reinvested. May 31, 2024 differences. approximately $11. 0 billion. recognized taxable generate foreign tax credits reduce tax liability. May 31, 2024 net deferred tax liability approximately $2. 0 billion."
}
{
    "_id": "ORCL20231687",
    "title": "",
    "text": "net deferred tax assets $8. 6 billion $6. 5 billion as May 31, 2024 2023. likely. Realization taxable income reversal temporary differences operating loss tax credit carryforwards. subject adjustment income change."
}
{
    "_id": "ORCL20231689",
    "title": "",
    "text": "valuation allowance $1. 9 billion May 31, 2024 2023. majority tax assets purchase accounting tax credits. reduction recognition tax benefits recorded income taxes final determination measurement period."
}
{
    "_id": "ORCL20231691",
    "title": "",
    "text": "May 31, 2024 federal loss carryforwards $322 million. $255 million expire 2025 2038. $67 million expiration. state net operating loss carryforwards $2. 1 billion. expire 2025 2044. $49 million. foreign net operating loss carryforwards $1. 9 billion limitations. $1. 9 billion. $68 million expire 2025 2044. federal capital loss carryforwards $145 million expire 2026 2027. state capital loss carryforwards $318 million expire 2026 2037. foreign capital loss carryforwards $187 million. tax credit carryforwards $1. 4 billion limitations. $956 million expiration. $478 million expire 2025 2044."
}
{
    "_id": "ORCL20231692",
    "title": "",
    "text": "taxes consolidated $2. 9 billion May 2024 2023."
}
{
    "_id": "ORCL20231703",
    "title": "",
    "text": "classify unrecognized tax benefits current income taxes consolidated balance sheets. changes including Ended May 31, millions Gross tax benefits June 1,284 Increases Decreases Increases positions current fiscal year Settlements tax authorities Lapses statutes of limitation Cumulative translation adjustments(139 Total gross tax benefits May 31,284"
}
{
    "_id": "ORCL20231704",
    "title": "",
    "text": "May 2024 $4. 2 $3. 3 billion unrecognized tax benefits tax rate. recognized penalties tax $199 million $111 $93 million 2024. Interest penalties $1. billion. 7 billion."
}
{
    "_id": "ORCL20231705",
    "title": "",
    "text": "U. federal state authorities examining returns Oracle entities 2022. transfer pricing domestic production activity one-time transition tax foreign tax credits research development credits state economic nexus. May 31, 2024 unrecognized tax benefits decrease 12 $568 million ($454 million tax. federal income tax returns examined 2013 no subject audit. state income tax returns examined 2010, no subject audit."
}
{
    "_id": "ORCL20231707",
    "title": "",
    "text": "tax authorities non-U. returns Oracle acquired entities 2023. tax years"
}
{
    "_id": "ORCL20231709",
    "title": "",
    "text": "controversy resolution processes transfer pricing withholding tax. decreases increases unrecognized tax benefits 12 months. May 31, 2024 unrecognized tax benefits decrease 12 months $847 million ($302 million offsetting. May 31, 2024 tax benefits increase $619 million ($107 million offsetting. tax benefits. no subject tax examinations non-U. S. jurisdictions 2001."
}
{
    "_id": "ORCL20231710",
    "title": "",
    "text": "under audit by IRS domestic tax authorities indirect tax involved in challenges litigation countries Australia Brazil Canada Egypt Germany India Indonesia Israel Italy Pakistan Saudi Arabia South Korea Spain amounts controversy significant. reserved potential adjustments income indirect taxes from agreements tax authorities judicial proceedings on results. If payment unnecessary reversal liabilities recognition benefits. estimates less than ultimate assessment further charge expense."
}
{
    "_id": "ORCL20231711",
    "title": "",
    "text": "provided GAAP tax audits. no assurances outcomes financial statement effect."
}
{
    "_id": "ORCL20231713",
    "title": "",
    "text": "ASC 280 Segment Reporting standards operating segments. components enterprise financial information evaluated chief operating decision performance. Chief Executive Officer Chief Technology Officer. organized line business geographically. evaluate line business management structure primary basis allocation financial results. tabular information presents financial information performance resources."
}
{
    "_id": "ORCL20231714",
    "title": "",
    "text": "three license hardware single segment. market sell globally agencies educational institutions resellers worldwide sales force combinations needs."
}
{
    "_id": "ORCL20231716",
    "title": "",
    "text": "cloud license business sale marketing delivery enterprise applications infrastructure technologies cloud on-premise deployment models cloud services license support. services support revenues contracted directly billed delivered over time recognition renewed. contracts provide access latest updates technical support. on-premise revenues represent fees granting licenses perpetual database middleware applications software products cloud on-premise environments. recognize revenues software available immediate signature license"
}
{
    "_id": "ORCL20231718",
    "title": "",
    "text": "contract. cloud activities highest fourth quarter cash flows highest following quarter. first quarter next payments contracts."
}
{
    "_id": "ORCL20231719",
    "title": "",
    "text": "hardware business provides Oracle Engineered Systems servers storage hardware operating systems virtualization management software environments. support software updates repairs maintenance technical support contractual term."
}
{
    "_id": "ORCL20231720",
    "title": "",
    "text": "services customers partners Oracle infrastructure technologies."
}
{
    "_id": "ORCL20231721",
    "title": "",
    "text": "track assets business. practical show."
}
{
    "_id": "ORCL20231742",
    "title": "",
    "text": "table presents results three businesses fiscal 2024 2023 2022 Ended May millions Cloud license Revenues,464 Cloud services license expenses,222 Sales marketing expenses,167,054,126,083 Hardware Revenues,274,183 Hardware expenses Sales marketing expenses Services Revenues,431,205 Services expenses,104 Totals Revenues,961,440 Expenses,792,345,162"
}
{
    "_id": "ORCL20231744",
    "title": "",
    "text": "margins reflect direct costs business include research development general administrative expenses. reflect amortization acquisition restructuring stock compensation interest non-operating expenses. reconciliation margin income before taxes consolidated statements."
}
{
    "_id": "ORCL20231759",
    "title": "",
    "text": "table reconciles margin operating segments taxes Ended May millions margin segments,345,162 Research development(8,915,623,219 General administrative,548,317 Amortization intangible assets,010,150 Acquisition Restructuring Stock compensation segments,382,201(735 Expense allocations Interest expense,755 Non-operating expenses Income before taxes,741,126"
}
{
    "_id": "ORCL20231761",
    "title": "",
    "text": "considered information reviewed CODMs financial performance financial statements earnings releases investor presentations disaggregate revenues economic factors. principal category products services consolidated statements operations."
}
{
    "_id": "ORCL20231769",
    "title": "",
    "text": "table revenues region Ended May 31, millions Americas,122,679,030,109 Asia Pacific revenues,961,440"
}
{
    "_id": "ORCL20231775",
    "title": "",
    "text": "table cloud services license support revenues Ended May services,774,881,809 License support,609,426 revenues,383,307,174"
}
{
    "_id": "ORCL20231782",
    "title": "",
    "text": "table cloud services license support revenues infrastructure Ended May millions Applications license support,172,651,612 Infrastructure license,656 revenues,383,307,174"
}
{
    "_id": "ORCL20231794",
    "title": "",
    "text": "table geographic information country three percent revenues fiscal 2024 2023 2022 Year Ended May 31, millions-Lived Assets(1) U. S.,055,798,322,246,300 United Kingdom,164 Germany,192 Japan,144 Other countries,626,213######3,438 Total,961,260,440,144"
}
{
    "_id": "ORCL20231795",
    "title": "",
    "text": "-lived assets exclude goodwill intangible non investments deferred taxes."
}
{
    "_id": "ORCL20231806",
    "title": "",
    "text": "earnings per share net income-average shares. Diluted earnings income dilutive effect restricted stock awards options shares Purchase Plan. table basic diluted earnings per share Ended May 31, Net income,467 shares outstanding,744,700 Dilutive effect employee stock plans Dilutive,766,786 Basic earnings per share. Diluted earnings share. anti-dilutive restricted stock awards options excluded"
}
{
    "_id": "ORCL20231807",
    "title": "",
    "text": "weighted shares anti-dilutive awards treasury stock contingently issuable. dilutive. Note 12 prices stock options."
}
{
    "_id": "ORCL20231811",
    "title": "",
    "text": "May 3 July 18 2017 stockholders filed lawsuits Delaware. court consolidated July 18, 2017 operative. lawsuit former Board Oracle defendant. breached Oracle NetSuite. excessive price. declaratory relief damages attorneys’ fees costs. defendants filed motion dismiss denied March 19, 2018."
}
{
    "_id": "ORCL20231813",
    "title": "",
    "text": "May 4, 2018 Board established Special Litigation Committee derivative action. Three directors served SLC. August 15, 2019 SLC filed letter plaintiff litigation Oracle. withdrew authority maintained discovery requests."
}
{
    "_id": "ORCL20231814",
    "title": "",
    "text": "plaintiff July 18 2017. amended complaints December 11, 2020. final complaint breach fiduciary duty Chief Executive Officer Technology Officer estate Mark Hurd October 2019 two Board Directors. Oracle nominal defendant. December 11 Mark Hurd dismiss. 2021 court granted denied August 9, 2021. December 28, 2020 Chief Executive Officer Technology Oracle answers."
}
{
    "_id": "ORCL20231815",
    "title": "",
    "text": "Trial commenced July 18 2022 November 18 final hearing. December 27, stipulation Board. May 12 trial ruling claims. judgment March 5 2024. April 2 appeal discovery decisions. May 2 appellate brief. June 3 Chief Executive Technology Officer SLC. reply due June 25, 2024. hearing date."
}
{
    "_id": "ORCL20231816",
    "title": "",
    "text": "Oracle claims believe impact financial position results operations."
}
{
    "_id": "ORCL20231818",
    "title": "",
    "text": "February May 6 2019 stockholder lawsuits filed. Northern District California. consolidated July 8 2019 plaintiff consolidated complaint. Rule 10b-5 class action August 10 2018 settled Oracle $17,500,000. Oracle false statements cloud."
}
{
    "_id": "ORCL20231819",
    "title": "",
    "text": "Plaintiff filed complaint June 4, 2021. suit stockholder Oracle against Chief Technology Officer Executive Officer estate Mark Hurd. actions action harm stock inflated price. defendants violated duties. federal securities laws. seeks ruling damages order corporate reforms attorneys’ fees costs relief. June 14, 2021 court stipulations staying case. agreement settle Oracle corporate governance measures five years attorneys’ fees costs $700,000. April 5, 2024 motion preliminary approval settlement preliminary fairness hearing August 8, 2024."
}
{
    "_id": "ORCL20231821",
    "title": "",
    "text": "Oracle claims believe impact financial position results operations."
}
{
    "_id": "ORCL20231825",
    "title": "",
    "text": "party to legal proceedings claims asserted or unasserted ordinary business including acquisitions completed companies acquired or attempting acquire. outcome believe in losses excess of amounts recognized."
}
{
    "_id": "ORCL20231829",
    "title": "",
    "text": "."
}
{
    "_id": "ORCL20231844",
    "title": "",
    "text": "exhibits filed incorporated U. S. Securities Exchange Commission. Exhibit No. Description No. Date. Restated Certificate Incorporation Oracle 12G3-51788. Corporation. Restated Bylaws-35992./23. Certificate Common Stock. January 13, 2006, Ozark Holding. Oracle Citibank.-14376. Supplemental Indenture May 9 2007 Oracle Citibank. Bank New York Trust Company. Corporation. 6. 50% Note due 2038 Officers’ Certificate April 9 2008-K-51788. Corporation. 125% Note 2039 Officers’ Certificate July 8 2009-51788. Corporation.2040 Note Certificate July 19, 2010-51788. Corporation"
}
{
    "_id": "ORCL20231854",
    "title": "",
    "text": "Reference Exhibit. Date. 2040. Corporation. 3. 125% 2025 Officers’ Certificate July 10 2013-35992. 40% 2024. 30% 2034. 50% 2044 Certificate July 8 2014-35992. 2. 95% 2025 3. 25% 2030. 90% 2035. 125% 2045. 375% 2055 Officers’ Certificate May 5 2015-35992. 2. 65% 2026 3. 85% 2036 4. 2046 Certificate July 7 2016-35992. 2. 950% 2024 3. 250% 2027. 800% 2037 4.% 2047 Officers’ Certificate November 9 2017-35992."
}
{
    "_id": "ORCL20231865",
    "title": "",
    "text": "Reference Exhibit. Date. 500% 2025. 800% 2027. 950% 2030. 600% 2040. 600% 2050. 850% 2060 Officers’ Certificate 2020-35992. Corporation. 650% 2026. 300% 2028. 875% 2031. 650% 2041. 950% 2051. 100% 2061 Officers’ Certificate March 24 2021-35992. 5. 800% 2025. 150% 2029. 250% 2032. 900% 2052 Officers’ Certificate November 2022. 500% 2028. 650% 2030. 900% 2033. 550% 2053 Officers’ Certificate February 6 2023-35992. Securities Exchange Act-35992./21/19. Deferred Compensation Plan amended July 1 2015-35992. Employee Stock Purchase Plan May 3 2022-35992./21/22"
}
{
    "_id": "ORCL20231878",
    "title": "",
    "text": "Reference Exhibit. Date. Corporation 1993 Directors’ Stock Plan April 29, 2016-35992. 2000 Equity Incentive Plan approved November 15 2017-35992. Stock Option Agreement Equity Incentive Plan. Executive Vice Presidents Section 16 Officers-35992. Stock Option Agreement Stock Plan-35992. Indemnity Agreement Directors Executive Officers-51788./23/11. Executive Bonus Plan February 12 2019-35992. Stock Unit Award Deferred Compensation Plan amended restated July 1 2015-35992. Restricted Stock Unit Award Agreement Directors’ Stock Plan-35992.Performance Stock Option 2000 Equity Incentive Plan Officers. Corporation"
}
{
    "_id": "ORCL20231890",
    "title": "",
    "text": "Reference Exhibit. Amendment Performance-Based Stock Option Agreement Lawrence. Ellison. Catz 2000 Equity Incentive Plan-35992. Corporation. Stock Unit Award Agreement Equity Incentive Plan. Employees-35992. Restricted Stock Unit Agreement 2020 Equity Incentive Plan. Employees.$6,000,000,000 5-Year Revolving Credit Agreement March 8 2022 lenders agents.$15,700,000,000 364-Day Delayed Draw Term Loan Credit Agreement March 2022. 2020 Equity Incentive Plan November 15 2023-35992. Policy. Registrant"
}
{
    "_id": "ORCL20231900",
    "title": "",
    "text": "Reference Exhibit No. Date. Accounting Firm. 13a-14 Certification Principal Executive Financial Officer. 1350 Certification Corporation Compensation Clawback Policy.$5,630,000,000 Term Loan Credit Agreement June 10 2024 Oracle Corporation lenders agents Data Files Rule 405 Regulation S-T Inline XBRL Consolidated Balance Sheets May 31, 2024 2023 Operations Comprehensive Income Stockholders’ Equity) Cash Flows Notes Financial Statements"
}
{
    "_id": "ORCL20231904",
    "title": "",
    "text": "Reference Exhibit. cover page Annual Report Form 10-K May 2024 Inline XBRL Exhibit 101"
}
{
    "_id": "ORCL20231905",
    "title": "",
    "text": "Indicates contract."
}
{
    "_id": "ORCL20231906",
    "title": "",
    "text": "schedules omitted Item 601(a)(5) Regulation S-K. Company agrees provide copy SEC."
}
{
    "_id": "ORCL20231907",
    "title": "",
    "text": "Filed."
}
{
    "_id": "ORCL20231909",
    "title": "",
    "text": "."
}
{
    "_id": "ORCL20231917",
    "title": "",
    "text": "Section 13 Securities Exchange Act 1934 registrant report signed undersigned. CORPORATION Date June 20 2024 Safra. Executive Officer Director"
}
{
    "_id": "ORCL20231951",
    "title": "",
    "text": "Securities Exchange Act 1934 report signed Registrant capacities dates indicated. Name Safra A. Catz Executive Officer Director 20, 2024. Maria Smith Vice President Chief Accounting Officer Lawrence J. Ellison#Chairman Chief Technology Officer. Jeffrey O. Henley Chairman. Awo Ablo#Director Jeffrey S. Berg. Michael J. Boskin. Bruce R. Chizen. George H. Conrades. Rona A. Fairhead. Renée J. James. Charles W. Moorman IV. Leon E. Panetta. William G. Parrett. Naomi O. Seligman.Seligman Vishal Sikka"
}
{
    "_id": "PG20230003",
    "title": "",
    "text": "Procter & Gamble products quality consumers generations. incorporated Ohio 1905 New Jersey 1890 built business Cincinnati 1837 Procter James Gamble."
}
{
    "_id": "PG20230004",
    "title": "",
    "text": "information incorporated Management Discussion Analysis Notes 1 2 Consolidated Financial Statements. terms \"Company&G refer Procter & Gamble Company subsidiaries. information documents Securities Exchange Commission."
}
{
    "_id": "PG20230005",
    "title": "",
    "text": "Company Annual 10-K quarterly 10-Q current 8-K amendments filed SEC. site. sec. accessed. pginvestor. P&G website link textual reference not incorporated report."
}
{
    "_id": "PG20230006",
    "title": "",
    "text": "Shareowner Services Pointe Curve Suite 101 Mendota."
}
{
    "_id": "PG20230008",
    "title": "",
    "text": "segments MD&A Note 2 Financial Statements."
}
{
    "_id": "PG20230010",
    "title": "",
    "text": "Business Model. balanced growth value creation. rely on growth brands creation. offer products markets competitive. products sold 180 countries direct-to-consumer. growth strategy superiority five product performance packaging brand communication retail execution consumer value. research development consumer insights superior products packaging. marketing online presence superior brand messaging. partner retail execution. provide superior value each price. Productivity improvement critical."
}
{
    "_id": "PG20230011",
    "title": "",
    "text": ". MD&A Note 2 Consolidated Financial Statements."
}
{
    "_id": "PG20230012",
    "title": "",
    "text": ". merchandisers e-commerce grocery drug distributors wholesalers high-frequency pharmacies electronics professional channels. sell direct. Walmart. affiliates 15% 2023 2021. 10%. top ten 40% sales 2023 39% 2022."
}
{
    "_id": "PG20230013",
    "title": "",
    "text": "Sources Availability Materials. raw packaging materials purchased from third parties single-source suppliers. produce materials chemicals manufacturing. fuel natural gas derivative products important commodities manufacturing transportation. prices materials. pass customers. purchases other raw materials none material business."
}
{
    "_id": "PG20230014",
    "title": "",
    "text": "Trademarks Patents. own licenses trademarks businesses. cover product formulation processes. trademarks important marketing branding. major trademarks registered. success protection trademarks patents licenses."
}
{
    "_id": "PG20230015",
    "title": "",
    "text": "Competitive Condition. markets products highly competitive. compete similar global competitors. markets compete against branded private-label brands. well positioned leadership market share position. support products advertising promotions marketing vehicles awareness sales force. combination"
}
{
    "_id": "PG20230017",
    "title": "",
    "text": "efficient marketing. quality performance value packaging."
}
{
    "_id": "PG20230018",
    "title": "",
    "text": ". Company laws. products operations federal agencies. Food Drug Administration Environmental Protection Agency Occupational Safety Health Administration Federal Trade Commission Consumer Product Safety Commission. anti-corruption. Foreign Corrupt Practices Act antitrust competition suppliers customers competitors government officials."
}
{
    "_id": "PG20230019",
    "title": "",
    "text": "foreign jurisdictions similar operations products. subject to laws environmental sustainability non-financial reporting labor employment trade taxation data privacy including European Data Protection Regulation similar regulations United States."
}
{
    "_id": "PG20230020",
    "title": "",
    "text": "Company has compliance programs experts business laws regulations made plan expenditures for compliance. expect suppliers consultants third parties share commitment compliance policies procedures manage relationships lesser control operations. expect expenditures for compliance on capital expenditures earnings competitive position fiscal year 2024."
}
{
    "_id": "PG20230021",
    "title": "",
    "text": "Human Capital. employees competitive advantage. actions critical success business. retain competitive compensation benefits career development culture equal opportunity."
}
{
    "_id": "PG20230022",
    "title": "",
    "text": "Board Directors Compensation policies talent diversity equality inclusion compensation principles practices. evaluates compensation plans senior executives."
}
{
    "_id": "PG20230024",
    "title": "",
    "text": "June 30, 2023 Company 107,000 1% business growth. excluding interns co-ops contractors joint. 49% manufacturing 27% States. 41% global women 30%. multicultural."
}
{
    "_id": "PG20230026",
    "title": "",
    "text": "attracting developing retaining skilled talent universities market. recruit best universities select top talent. job experiences training skill development opportunities. develop-within model holistic growth engagement."
}
{
    "_id": "PG20230028",
    "title": "",
    "text": "consumer products company workforce reflect diversity. inclusive work environment innovation consumers. aspire equal gender representation globally management leadership levels. U. 40% multicultural representation management leadership levels."
}
{
    "_id": "PG20230030",
    "title": "",
    "text": "Market-competitive compensation reward programs attract talent. rewards programs paying performance competitively long-term success incentive programs. offer competitive benefit programs retirement plans health insurance diverse workforce."
}
{
    "_id": "PG20230031",
    "title": "",
    "text": ". business strategy products. balanced growth value creation sustainability objectives. 2021 2040 net zero Climate Transition Action"
}
{
    "_id": "PG20230033",
    "title": "",
    "text": "Plan reducing greenhouse gas emissions scopes 1 2 3. includes-term net zero emissions 1 2 interim goals. renewable electricity reducing petroleum plastic responsible sourcing forest commodities water usage water restoration projects."
}
{
    "_id": "PG20230034",
    "title": "",
    "text": "use Global Reporting Initiative Sustainability Accounting Standards Board Task Force Climate-related Financial Disclosures sustainability disclosures Annual Report Proxy Statement sustainability reports. thresholds differ federal securities laws Commission’s rules Report. References sustainability reports website informational Annual Report Form 10-K. https://pginvestor."
}
{
    "_id": "PG20230036",
    "title": "",
    "text": "discuss expectations future performance events business objectives Form 10-K quarterly annual reports Form 8-K press releases communications. statements-looking based financial data business plans outdated incomplete. no obligation update statements new information events law. statements uncertain events differ expectations."
}
{
    "_id": "PG20230037",
    "title": "",
    "text": "discussion business operations financial position future performance. read with Management's Discussion Analysis Consolidated Financial Statements Notes. not inclusive important factors evaluating expectations. cause future results differ statements historical trends."
}
{
    "_id": "PG20230039",
    "title": "",
    "text": "business risks operations sales international markets currency fluctuations volatility."
}
{
    "_id": "PG20230040",
    "title": "",
    "text": "global company operations 70 countries products 180. hold assets liabilities generate sales pay expenses currencies. operations outside. generate 50% annual net sales. Fluctuations exchange rates reduce. dollar sales earnings cash. increase supply costs. competitiveness business results. foreign currency debt derivatives capital markets activities. cash appreciation foreign currency rates. discriminatory fiscal trade policies tariffs affect results. Results Operations Cash Flow Financial Condition Liquidity MD&A Consolidated Financial Statements."
}
{
    "_id": "PG20230041",
    "title": "",
    "text": "businesses maintain local balances countries import controls Egypt Argentina Pakistan. results financial condition cash flows manage controls repatriate earnings tariffs quotas exchange price controls trade barriers restrictions."
}
{
    "_id": "PG20230042",
    "title": "",
    "text": "business operations employees affected geopolitical conflicts political volatility trade controls labor market disruptions crises. political instability war economic instability sovereign risk default deterioration creditworthiness local governments emerging markets."
}
{
    "_id": "PG20230043",
    "title": "",
    "text": "Uncertain economic social conditions impact demand products financial hardship."
}
{
    "_id": "PG20230044",
    "title": "",
    "text": "business impacted reduced demand local global economic social disruptions. disruptions slow-down"
}
{
    "_id": "PG20230046",
    "title": "",
    "text": "recession inflationary pressures reduced market growth tighter credit markets shift government policies social unrest deterioration economic relations negative consumer sentiment non-local products inability transactions. economic conditions cause suppliers distributors contractors partners financial difficulties materials services business. Customers suffer financial hardships accounts uncollectible longer collection cycles. sales income cash flow share repurchase dividend payments."
}
{
    "_id": "PG20230047",
    "title": "",
    "text": "markets banking partners ratings reduce access liquidity."
}
{
    "_id": "PG20230048",
    "title": "",
    "text": "disruption credit markets downgrade credit rating increase borrowing costs capital credit markets affect liquidity capital resources increase cost capital. rely on top-tier banking partners risks for access credit collection payment supply finance. disruption credit facilities affect cash flows."
}
{
    "_id": "PG20230049",
    "title": "",
    "text": "impact business financial results."
}
{
    "_id": "PG20230050",
    "title": "",
    "text": "political markets products geopolitical affect business financial results. elections referendums sanctions uncertainty policies laws regulations sanctions taxes tariffs import export controls movement goods materials services capital data people. implications exchange rate fluctuations tariffs trade barriers market contraction affect cash flows."
}
{
    "_id": "PG20230051",
    "title": "",
    "text": "Company operates global business sales manufacturing distribution research development growth. geopolitical tensions trade controls business sales responses sanctions tariffs limitations impact business financial condition results cash flows."
}
{
    "_id": "PG20230052",
    "title": "",
    "text": "war Russia Ukraine business financial results."
}
{
    "_id": "PG20230053",
    "title": "",
    "text": "war Russia Ukraine impacted operations. March 2022 Company reduced product portfolio discontinued investments suspended media advertising activity Russia. Future impacts difficult uncertainty. Ukraine possibility damage destruction manufacturing facilities distribution centers customers. operate manufacturing source raw materials ship products. Russia reduce discontinue operations controls restrictions supply transportation challenges. loss impairments write-downs assets working capital."
}
{
    "_id": "PG20230054",
    "title": "",
    "text": "war Russia Ukraine risk factors Part I Item 1A foreign exchange volatility financial credit markets energy information security technology incident cost commodity cost costs compliance laws regulations. impact impact business financial results."
}
{
    "_id": "PG20230055",
    "title": "",
    "text": "negative impacts sales earnings cash flows economic recessions inflationary energy supply chain cost increases geographic proximity war."
}
{
    "_id": "PG20230057",
    "title": "",
    "text": "results global supply chain."
}
{
    "_id": "PG20230058",
    "title": "",
    "text": "meet needs cost targets manufacturing supply arrangements supply chain optimizations plant"
}
{
    "_id": "PG20230060",
    "title": "",
    "text": "arrangements. loss disruption manufacturing supply arrangements labor disputes manufacturing sites information data systems cybersecurity incidents procure raw input materials labor changes trade policy natural disasters extreme weather war terrorism disease outbreaks external factors product supply impact business financial condition results cash flows."
}
{
    "_id": "PG20230061",
    "title": "",
    "text": "businesses face cost results."
}
{
    "_id": "PG20230062",
    "title": "",
    "text": "costs subject fluctuations due commodities petroleum-derived raw packaging materials labor transportation energy pension healthcare. Inflation input costs. business results depend fluctuations pricing cost saving decisions margins market share. Failure consumer reaction impact results cash flows."
}
{
    "_id": "PG20230063",
    "title": "",
    "text": "achieve business objectives local global competitors markets channels."
}
{
    "_id": "PG20230064",
    "title": "",
    "text": "consumer products industry competitive. compete against global local competitors. competitive pressures challenges maintaining sales profit margins. respond to retail trends pricing promotional incentives delivery windows trade terms. evolving sales channels business models affect preferences market dynamics shopping online entry hard discounter channels. Failure respond e-commerce mobile commerce impact cash flows."
}
{
    "_id": "PG20230065",
    "title": "",
    "text": "significant change relationships demand products business."
}
{
    "_id": "PG20230066",
    "title": "",
    "text": "sell products via retail merchandisers e-commerce grocery membership club drug stores department stores distributors wholesalers specialty beauty stores high-frequency stores pharmacies electronics stores professional channels. success depends relationships trade terms acceptable aligned with pricing profitability targets. concentration cost margin pressure performance agreement key customer trade terms. inventory shelf space non-branded delivery windows business disruption."
}
{
    "_id": "PG20230067",
    "title": "",
    "text": "reputation Company brands erodes impact financial results."
}
{
    "_id": "PG20230068",
    "title": "",
    "text": "Company's reputation brands relationships with stakeholders consumers customers suppliers. quality safety products critical to business. brands worldwide recognition financial success depends on. if marketing plans product initiatives image. cash flows if due recall defects impurities misuse perceptions negative perceptions packaging lack recyclability environmental impacts concerns labor equality inclusion privacy lapses data breaches product tampering counterfeit products. negative social media adverse publicity reputation. If issues safety quality ingredients efficacy environmental social impacts cash flows suffer. Company devotes to citizenship efforts corporate values business reputation programs ethics corporate responsibility strong communities equality inclusion environmental sustainability. programs"
}
{
    "_id": "PG20230070",
    "title": "",
    "text": "initiatives goals impacted by actions third parties authorities suppliers vendors customers. perceptions programs vary affect business. programs not executed negative publicity Company's reputation."
}
{
    "_id": "PG20230071",
    "title": "",
    "text": "rely third parties risk."
}
{
    "_id": "PG20230072",
    "title": "",
    "text": "scale business rely on third parties suppliers manufacturers distributors contractors banks joint venture partners external partners functions. third-party relationships agreements cash flows. failure obligations disruptions impact operations financial results. policies procedures lesser control operations governance compliance financial legal reputational operational risk."
}
{
    "_id": "PG20230073",
    "title": "",
    "text": "significant information technology incident cybersecurity breach failure key systems networks hardware processes sites Company business reputation."
}
{
    "_id": "PG20230086",
    "title": "",
    "text": "rely on technology systems networks services internet intranet sites data hosting processing facilities security systems hardware software applications platforms managed hosted provided used by third parties business. uses include managing materials •converting products selling transferring storing processing customer consumer employee vendor investor stakeholder information personal data citizens European Union residents California China Brazil reporting results financial reporting banking cash liquidity systems processing sharing confidential research business plans financial information online communications with regulatory legal tax requirements data security other processes."
}
{
    "_id": "PG20230087",
    "title": "",
    "text": "evolving information security threats risk services systems networks supply chain confidentiality integrity data business operations. techniques tools tactics-attacks change difficult anticipating preventative measures mitigating harms."
}
{
    "_id": "PG20230088",
    "title": "",
    "text": "IT/OT databases third-party providers’ viruses ransomware unauthorized access denial of service phishing social engineering hacking cyber-attacks. attacks outside parties hackers criminal organizations. insider actors disruptions data leakage. guarantee prevent breaches incidents breakdowns."
}
{
    "_id": "PG20230089",
    "title": "",
    "text": "breach data security failure IT/OT databases business operations financial results. IT systems networks service providers fail cause outages unavailability inadvertent disclosure loss sensitive business information"
}
{
    "_id": "PG20230091",
    "title": "",
    "text": "personal information catastrophic disasters power outages failures improper data handling viruses phishing cyber-attacks malware ransomware security breaches employee error business continuity plans reputational competitive operational financial harm regulatory action. IT systems third damaged investment repair."
}
{
    "_id": "PG20230092",
    "title": "",
    "text": "ransomware attack cybersecurity incident accessing data systems cause interruptions business remediation costs demands ransom damage reputation. events unauthorized disclosure confidential financial reputational damage lost misappropriated information. exposed to liability governmental inquiries investigations regulatory enforcement fines penalties legal claims remediation costs."
}
{
    "_id": "PG20230093",
    "title": "",
    "text": "upgrade IT/OT systems adopt new technologies. cybersecurity breaches failures order ship orders process payments information integrity loss issues. costs consequences remediation measures impact cash flows."
}
{
    "_id": "PG20230094",
    "title": "",
    "text": "manage demand supply challenges future disease health concerns."
}
{
    "_id": "PG20230097",
    "title": "",
    "text": "business impacted by fear exposure disease outbreak epidemic pandemic public health concern. impacts include reductions demand volatility for caused due illness quarantine travel restrictions financial hardship shifts stockpiling pantry-loading. prolonged impacts increase difficulty business planning impact results cash flows changes political conditions markets quarantines import/export restrictions price controls governmental regulatory actions facilities travel prevent partners suppliers staffing operations."
}
{
    "_id": "PG20230098",
    "title": "",
    "text": "efforts ultimate impact depends factors beyond duration severity outbreak third-party actions spread health."
}
{
    "_id": "PG20230100",
    "title": "",
    "text": "growth targets product marketing operations digital marketing changing consumer habits."
}
{
    "_id": "PG20230101",
    "title": "",
    "text": "consumer products company global demand brands. results developing introducing marketing new products improvements equipment manufacturing processes. success innovation acceptance trends intellectual property protections rights efficient marketing media mobile platforms privacy requirements. respond technological advances intellectual property rights competitors vendors. Failure competitive consumer habits position impact financial condition cash flows."
}
{
    "_id": "PG20230102",
    "title": "",
    "text": "manage divestiture activities."
}
{
    "_id": "PG20230103",
    "title": "",
    "text": "company consumer brands business model includes acquisition joint venture divestiture. manage impacts business objectives. financial results impacted loss earnings divested brands dissolution joint ventures. operations cash flows impacted by acquisitions"
}
{
    "_id": "PG20230105",
    "title": "",
    "text": "venture activities changes cash cause assets below book value deliver expected cost growth synergies integration collaboration challenges goodwill intangible assets."
}
{
    "_id": "PG20230106",
    "title": "",
    "text": "business results productivity change attracting talent succession planning."
}
{
    "_id": "PG20230107",
    "title": "",
    "text": "financial projections assume productivity cost savings staffing adjustments departures. Failure business growth impact results cash flows. organizational change management transitions motivation retention key employees critical success. Factors employees include morale reputation competition availability. success depends on identifying developing retaining key employees. includes capabilities in growth markets leadership succession plans."
}
{
    "_id": "PG20230109",
    "title": "",
    "text": "manage compliance laws regulations matters U. S. abroad."
}
{
    "_id": "PG20230110",
    "title": "",
    "text": "business subject to laws regulations countries intellectual property product liability composition packaging content corporate responsibility disposal marketing antitrust competition privacy data protection environmental climate water waste impacts employment healthcare anti-bribery anti-corruption internal controls record-keeping trade tariffs sanctions export tax accounting financial reporting. increasing attention environmental social governance reporting climate change waste production water usage human capital labor risk oversight expand complexity. changing laws regulations policies increased enforcement create challenges alter environment increase costs complexities compliance investments manufacturing sales business impact cash flows. unable impact reputation business results. subject to inquiries investigations claims proceedings requests information outcomes harm business. Failure manage regulatory legal matters without liability damage impact financial condition results cash flows.matters result fines costs accrued impact results operations financial position."
}
{
    "_id": "PG20230111",
    "title": "",
    "text": "tax laws resolutions financial results."
}
{
    "_id": "PG20230112",
    "title": "",
    "text": "Company subject taxation U. foreign jurisdictions. Changes tax laws. December 2017. government enacted tax Tax Cuts Jobs Act. changes. broad complex. current administration federal income tax reform proposed. corporate income tax rate elimination investment incentives. non-U. earnings. proposals controversial difficult. impact significant."
}
{
    "_id": "PG20230113",
    "title": "",
    "text": "international tax norms trade evolution. Base Erosion Profit Shifting project 140 countries Challenges Digitalization Economy. project extends beyond digital businesses multinational businesses redefining taxation establishing global minimum tax. December 2022 European Union approved directive 15% global minimum tax laws years December 31, 2023."
}
{
    "_id": "PG20230115",
    "title": "",
    "text": "non-EU countries proposed legislation global minimum tax. details enactment timing uncertain."
}
{
    "_id": "PG20230116",
    "title": "",
    "text": "early assess impact changes tax laws regulations revised financial condition results cash flows."
}
{
    "_id": "PG20230117",
    "title": "",
    "text": "subject review audit foreign tax authorities. tax positions outcome audits litigation tax treatment divestiture transactions 2017 differ tax Consolidated Financial Statements impact cash flows."
}
{
    "_id": "PG20230119",
    "title": "",
    "text": "."
}
{
    "_id": "PG20230121",
    "title": "",
    "text": ". 24 sites 18 states. 80 34 countries. businesses. Beauty 23 Grooming 17 Health Care 20 Fabric Home 37 Baby Family 37. headquarters Cincinnati Ohio. offices Switzerland Panama Singapore China United Arab Emirates. service centers Costa Rica United Kingdom Philippines. sites properties equipment maintained."
}
{
    "_id": "PG20230123",
    "title": "",
    "text": "Company subject legal proceedings antitrust trade product liability advertising contracts environmental patent trademark labor employment tax. SEC regulations environmental proceedings Federal monetary sanctions ($1 million. no relevant matters disclose. Note 13 Consolidated Financial Statements legal proceedings contingencies."
}
{
    "_id": "PG20230124",
    "title": "",
    "text": "Company Risk Factors Part I 1A."
}
{
    "_id": "PG20230126",
    "title": "",
    "text": "."
}
{
    "_id": "PG20230142",
    "title": "",
    "text": "positions Executive Officers August 4 2023 Jon R. Moeller President Shailesh Jejurikar Operating Andre Schulten Financial Gary. Coombe Grooming Jennifer L. Davis Health Care. Fatima. Baby Gender Equality. Alexandra Keith Beauty Corporate Sustainability Sundar Raman Fabric Home Care Victor Aguilar Marc S. Pritchard Brand Balaji Purushothaman Human Resources Susan Street Whaley Legal Secretary"
}
{
    "_id": "PG20230143",
    "title": "",
    "text": "Executive Officers employed Company five years."
}
{
    "_id": "PG20230144",
    "title": "",
    "text": ". Moeller President Executive Officer Vice Chairman Financial Officer 2019 Chief Financial Officer 2017)."
}
{
    "_id": "PG20230145",
    "title": "",
    "text": ". Jejurikar Chief Executive Officer Fabric Home Care President Fabric P&G Brand-Building Officer 2018)."
}
{
    "_id": "PG20230146",
    "title": "",
    "text": ". Schulten Senior Vice President Baby Care 2021 Finance Accounting 2018)."
}
{
    "_id": "PG20230147",
    "title": "",
    "text": ". Coombe President Selling Operations."
}
{
    "_id": "PG20230148",
    "title": "",
    "text": ". Davis President Feminine Care Global Feminine Vice President Franchise Tampax 2018)."
}
{
    "_id": "PG20230149",
    "title": "",
    "text": ". Francisco Chief Baby Feminine Care President Global Baby Global Feminine Care 2018)."
}
{
    "_id": "PG20230150",
    "title": "",
    "text": ". Keith Chief Beauty 2022."
}
{
    "_id": "PG20230151",
    "title": "",
    "text": ". Raman President Home Care P&G Fabric Care North Vice President - 2019."
}
{
    "_id": "PG20230152",
    "title": "",
    "text": ". Aguilar served Senior Vice President Research Corporate Function Global Fabric Care Sector Leader Home Care (2014 - 2019)."
}
{
    "_id": "PG20230153",
    "title": "",
    "text": ". Purushothaman Senior Vice President Resources Rewards 2022 Beauty Grooming Family Care 2020."
}
{
    "_id": "PG20230154",
    "title": "",
    "text": ". Whaley Senior Vice President General Counsel North Business Units Vice President Global Units 2019."
}
{
    "_id": "PG20230156",
    "title": "",
    "text": "Registrant Equity Purchases Securities"
}
{
    "_id": "PG20230162",
    "title": "",
    "text": "Shares Purchased Price Paid Share Plans Programs Dollar Value Shares Repurchase Program 4/1/2023 - 4/30/2023 5/1/2023 - 5/31/2023,324$149. 95."
}
{
    "_id": "PG20230163",
    "title": "",
    "text": "transactions trade date open market large institutions. excludes shares withheld tax option. Company administers cashless exercises repurchase stock."
}
{
    "_id": "PG20230164",
    "title": "",
    "text": "price excludes commission."
}
{
    "_id": "PG20230165",
    "title": "",
    "text": "April 21, 2023 Company reduce shares repurchases $7. 4 $8. billion compensation benefit plans. repurchases authorized Board Directors financed cash debt. $7. 4 billion. ended June 30, 2023."
}
{
    "_id": "PG20230166",
    "title": "",
    "text": "Part III Item 12 Form."
}
{
    "_id": "PG20230171",
    "title": "",
    "text": "P&G dividend 133 years since 1890 increased 67 since 1956. past ten years dividend increased 5%. dividends considered reviewing dividend yields profitability cash flow financing needs declared Board Directors. split-adjusted Dividends per share."
}
{
    "_id": "PG20230174",
    "title": "",
    "text": "P&G New York Stock Exchange PG. June 30 2023 five million shareowners owners banks."
}
{
    "_id": "PG20230181",
    "title": "",
    "text": "compares P common stock five June 30 2023 S&P 500 Stock Index S&P 500 Consumer Staples Index. $100 invested June 30 2018 dividends reinvested. $100 Company P&G S&P 500 Consumer Staples"
}
{
    "_id": "PG20230183",
    "title": "",
    "text": "Discussion Financial Operations"
}
{
    "_id": "PG20230185",
    "title": "",
    "text": "statements in report estimates projections business plans objectives results assumptions “forward-looking Private Securities Litigation Reform Act 1995 Section 27A Securities Act 1933 Section 21E Securities Exchange Act 1934. statements's Discussion Analysis “Risk \"Notes 4 8 13 Consolidated Financial Statements. identified by “believe. based on expectations assumptions subject to risks uncertainties results. no obligation to update revise statements by law."
}
{
    "_id": "PG20230187",
    "title": "",
    "text": "Risks statements include manage global financial risks foreign currency fluctuations pricing controls volatility local global economic volatility reduced market growth generate income cash flow share repurchases dividend payments manage disruptions credit markets banking credit rating maintain manufacturing supply arrangements optimizations plant arrangements disruption natural disasters war terrorism disease outbreaks manage cost fluctuations commodities raw materials labor transportation energy pension healthcare stay innovation intellectual property protections respond consumer habits digital marketing technological advances compete competitors sales channels prices promotional incentives trade terms manage customer relationships protect reputation brand equity issues concerns safety quality ingredients efficacy packaging supply chain practices manage financial legal reputational operational risk third-party relationships maintain third-party information technology systems networks services security managegeopolitical conditions exchange rate fluctuations market contraction manage regulatory legal requirements product liability packaging intellectual property labor employment antitrust privacy data protection tax environment due diligence risk oversight accounting financial reporting resolve matters tax laws manage divestiture joint venture activities business strategy financial objectives without impacting objectives productivity improvements cost savings organizational changes employees manage demand supply operational challenges governmental responses disease outbreak epidemics pandemics public health uncertainties sanctions effects war Russia Ukraine greenhouse gas emissions environmental sustainability priorities. risks uncertainties \"Economic Conditions Uncertainties \"Risk Factors Form 10-K."
}
{
    "_id": "PG20230197",
    "title": "",
    "text": "Discussion Analysis Procter & Gamble's financial condition results cash flows measures. Consolidated Financial Statements Notes. 2023 Results Conditions Uncertainties Operations Results Flow Financial Condition Liquidity Accounting Policies Estimates Information"
}
{
    "_id": "PG20230198",
    "title": "",
    "text": "MD&A measures volume growth net sales earnings diluted earnings share operating cash flow. financial measures. organic sales growth core earnings share adjusted free cash flow productivity. Organic sales growth excluding divestitures foreign exchange. Core EPS diluted. Adjusted free cash flow operating"
}
{
    "_id": "PG20230200",
    "title": "",
    "text": "capital spending transitional tax U. Tax Act. Adjusted cash flow productivity ratio net earnings excluding-time items. measures provide information results trends metrics management. MD&A derivation reconciliations. GAAP measure."
}
{
    "_id": "PG20230201",
    "title": "",
    "text": "Management uses market share consumption estimates performance. References consumption based online data internal estimates. market share references represent percentage sales sales. Company measures quarter fiscal year market shares lag time one two months. uses unit volume growth net sales. Organic volume growth reflects year-over-year changes volume excluding acquisitions divestitures one-time items sales."
}
{
    "_id": "PG20230203",
    "title": "",
    "text": "Procter & Gamble leader goods branded quality value. products sold 180 countries merchandisers e-commerce grocery drug department distributors wholesalers high-frequency pharmacies electronics professional channels. direct. operations 70 countries."
}
{
    "_id": "PG20230204",
    "title": "",
    "text": "market environment competitive global regional competitors. markets compete against branded private-label brands. product segments differentiated by price tiers super-premium mid value-tier. well positioned leadership market share."
}
{
    "_id": "PG20230206",
    "title": "",
    "text": "Units Enterprise Markets Corporate Functions Global Services."
}
{
    "_id": "PG20230208",
    "title": "",
    "text": "Company ten product categories five SBUs segments. Beauty Grooming Health Care Fabric Home Care Baby Feminine Family Care. SBUs brand strategy product marketing supply chain. profit Focus innovation supply Enterprise. results North America Europe China Latin America Asia Pacific India Middle East Africa."
}
{
    "_id": "PG20230221",
    "title": "",
    "text": "segments product categories brand composition. Sales Earnings Categories Brands Care Shampoos Styling Aids Treatments Shoulders Herbal Essences Pantene Rejoice Care Deodorants Cleansing Old Spice Safeguard SK-II-Shave Gillette Venus Care-B Pain Relief Respiratory Vitamins Neurobion Pepto-Bismol Vicks Fabric Home Care Enhancers Laundry Additives Downy Tide Care P&G Surface Dawn Fairy Febreze. Wipes Taped Diapers Pants Pampers Discreet Tampax Care Towels Tissues Toilet Paper Charmin Puffs"
}
{
    "_id": "PG20230222",
    "title": "",
    "text": "sales earnings year 30 2023 Corporate."
}
{
    "_id": "PG20230223",
    "title": "",
    "text": "July 2022 Grooming Sector Unit Shave Care Appliances. management team financial targets budgets reporting."
}
{
    "_id": "PG20230225",
    "title": "",
    "text": "Units"
}
{
    "_id": "PG20230226",
    "title": "",
    "text": "global market leader hair skin care. hair care 20% market share behind Pantene Head & Shoulders. products deodorants cleansing skin care Olay top skin care 5% global market share."
}
{
    "_id": "PG20230227",
    "title": "",
    "text": "global leader blades razors. share 60% behind Gillette Venus. appliances electric shavers sold Braun brand. hold 25% male electric shavers 50% female epilators."
}
{
    "_id": "PG20230228",
    "title": "",
    "text": "compete oral personal. global competitors two 20% Crest Oral-B. personal leader respiratory digestive wellness vitamins analgesics Vicks Metamucil Pepto-Bismol Neurobion."
}
{
    "_id": "PG20230229",
    "title": "",
    "text": "Fabric Home Care fabric laundry detergents enhancers home dishwashing liquids detergents surface cleaners air fresheners. fabric care global leader 35% Tide Ariel Downy. home care 25% Cascade Dawn Febreze Swiffer."
}
{
    "_id": "PG20230230",
    "title": "",
    "text": "Baby Feminine Family Care global market leader taped diapers pants baby wipes 20% market share. Pampers. feminine care 25% Always Tampax. adult incontinence Always Discreet 10% market share. family care North American Bounty towel Charmin paper. 40% Bounty 25% Charmin."
}
{
    "_id": "PG20230233",
    "title": "",
    "text": "Markets sales profit SBU innovation supply planning distribution management."
}
{
    "_id": "PG20230235",
    "title": "",
    "text": "strategy accounting treasury tax governance legal services."
}
{
    "_id": "PG20230237",
    "title": "",
    "text": "Business Services technology process data SBUs EMs CF consumers. world-class services P&G."
}
{
    "_id": "PG20230239",
    "title": "",
    "text": "Procter & Gamble consumers competitors category shareholder return top one-third peer group. value requires balanced growth cash generation."
}
{
    "_id": "PG20230240",
    "title": "",
    "text": "Company competes daily-use categories P&G strengths. portfolio ten product categories P&G positions brands technologies."
}
{
    "_id": "PG20230241",
    "title": "",
    "text": "strategic choices consumers. center. superiority product performance packaging brand communication retail execution value. innovation. P&G’s lifeblood. Superior products execution drive market growth value creation share growth&G."
}
{
    "_id": "PG20230242",
    "title": "",
    "text": "productivity improvement growth cash generation value creation objectives. brands product innovation supply chains advertising sales R&D programs. cost environments commodity foreign exchange impacts. objective productivity improvements cost marketing spending overhead costs capital spending."
}
{
    "_id": "PG20230243",
    "title": "",
    "text": "act agility disrupting competitive industry business technologies create value."
}
{
    "_id": "PG20230244",
    "title": "",
    "text": "improving effectiveness culture roles accountability compensation."
}
{
    "_id": "PG20230245",
    "title": "",
    "text": "strategy superiority declared four focus areas performance. leveraging environmental sustainability products packaging innovations increasing digital acumen developing next-level supply chain productivity employee value equation gender identities races ethnicities sexual orientations ages abilities talent."
}
{
    "_id": "PG20230246",
    "title": "",
    "text": "strategy long health Company shareholder return top-third peer group."
}
{
    "_id": "PG20230250",
    "title": "",
    "text": "Company expects growth algorithm returns top third consumer goods group sales growth above market EPS free cash flow productivity 90%."
}
{
    "_id": "PG20230251",
    "title": "",
    "text": "macroeconomic pressures growth maintain disciplined approach investing."
}
{
    "_id": "PG20230267",
    "title": "",
    "text": "millions. Net sales,006,187 Operating income,134 Net earnings Procter & Gamble,653 earnings share. earnings. Cash flow,848 sales increased 2% $82. billion. Health Care Fabric Home Care Baby Feminine Family Beauty Grooming. Organic sales increased 7%. Health Care Fabric Grooming. income increased $321 million 2% $18. 1 billion operating margin. earnings decreased $55 million $14. 7 billion higher tax rate. Foreign exchange reduced earnings $1. 4 billion. earnings Procter & Gamble decreased $89 million $14. 7 billion. EPS increased 2% $5. 90 shares. flow $16. 8 billion."
}
{
    "_id": "PG20230268",
    "title": "",
    "text": "Adjusted flow capital expenditures $14. billion."
}
{
    "_id": "PG20230269",
    "title": "",
    "text": "Adjusted cash flow productivity earnings 95%."
}
{
    "_id": "PG20230271",
    "title": "",
    "text": "discuss expectations future performance events outcomes business objectives annual quarterly reports press releases communications. statements-looking based financial data business plans out-of-date incomplete. no obligation update statements new information except required law. statements uncertain events. risk factors Part I Item 1A Form 10-K."
}
{
    "_id": "PG20230272",
    "title": "",
    "text": ". products sold Latin Asia Australia half sales outside States. markets China Kingdom Canada Japan Germany 20% net sales 2023. factors geopolitical tensions. policies exchange fluctuations. market risks unstable economic civil unrest disasters debt credit currency. reduce sales margins earnings cash flows."
}
{
    "_id": "PG20230273",
    "title": "",
    "text": "Costs. commodity prices transportation costs inflationary impacts productivity efforts. commodities oil-derived pulp. Volatility price costs. Disruptions energy shortages disasters labor freight constraints costs. legal regulatory requirements sustainability costs material costs investments facilities. implement cost improvement plans supply chain optimization overhead workforce optimization. Increased pricing offset cost impacts impact consumption. cost impacts impact net sales gross margin operating margin earnings cash flows."
}
{
    "_id": "PG20230275",
    "title": "",
    "text": "Foreign Exchange. translation transaction exposure exchange rates. exposures impacts income statements foreign subsidiaries. Transaction exposures input costs revaluation working capital balances. weakening foreign currencies. lower net sales earnings cash flows. countries exchange rate fluctuations Argentina Brazil United Kingdom Japan Russia Turkey. fluctuations impacted sales earnings cash flows could. Increased pricing offset impacts consumption net sales gross margin operating margin earnings cash flows."
}
{
    "_id": "PG20230276",
    "title": "",
    "text": "Government Policies. net sales gross margin operating margin earnings cash flows U. foreign government policies. future U. non-U. tax policy OECD/G20 Inclusive Framework Challenges Digitalization Economy. OECD project digital large multinational businesses redefining jurisdictional taxation 15% global minimum tax. sales earnings U. foreign policies environmental climate change. manage debt currency exposures countries import pricing controls Egypt Argentina Pakistan. international trade agreements North America. Changes government policies sales earnings cash flows."
}
{
    "_id": "PG20230277",
    "title": "",
    "text": "Russia-Ukraine War. impacted operations. Ukraine business two manufacturing sites less 1% sales earnings year June 30 2023. Russia business includes two sites. reduced product portfolio discontinued capital investments suspended media advertising activity Russia. 2% consolidated sales earnings 2023. less 2%."
}
{
    "_id": "PG20230278",
    "title": "",
    "text": "Future impacts uncertainty war duration resolution. Ukraine possibility damage destruction two manufacturing facilities. operate source materials ship products customers."
}
{
    "_id": "PG20230279",
    "title": "",
    "text": "Russia reduced operations due sanctions controls legislative financial institutions supply transportation challenges. suppliers distributors retail customers impacted war operations impact sales."
}
{
    "_id": "PG20230280",
    "title": "",
    "text": "negative impacts sales earnings cash flows economic recessions countries inflationary pressures supply chain cost increases geographic proximity war."
}
{
    "_id": "PG20230281",
    "title": "",
    "text": "risk factors Part I Item 1A Form 10-K."
}
{
    "_id": "PG20230283",
    "title": "",
    "text": "metrics net sales gross margin selling costs operating margin non-operating items income taxes net earnings. factors market growth product initiatives competitive activities marketing spending retail executions divestiture unit volume pricing actions product geographic mix foreign exchange impacts."
}
{
    "_id": "PG20230284",
    "title": "",
    "text": "categories cost products SG&A variable. discussion operating focuses relative margins absolute year-over-year changes costs. primary drivers gross margin input costs pricing impacts geographic mix product mix Beauty foreign"
}
{
    "_id": "PG20230286",
    "title": "",
    "text": "exchange rate fluctuations manufacturing savings reinvestments scale impacts. components SG&A marketing-related non-manufacturing overhead costs. Marketing costs variable scale benefit growth marketing efficiencies. overhead costs variable scale-related impacts organization infrastructures business growth. drivers SG&A overhead marketing cost savings reinvestments inflation foreign exchange fluctuations scale impacts."
}
{
    "_id": "PG20230287",
    "title": "",
    "text": "2022 MD&A Part II Item 7 Form 10-K June 30."
}
{
    "_id": "PG20230289",
    "title": "",
    "text": "sales increased 2% $82. billion 2023. higher pricing favorable mix 1% offset unfavorable foreign exchange 5% 3% decrease unit volume. North America Europe. organic sales grew 7%."
}
{
    "_id": "PG20230290",
    "title": "",
    "text": "sales increased Health Fabric Home Baby Beauty decreased Grooming. decreased Europe China Asia IMEA North America. increased Latin America."
}
{
    "_id": "PG20230298",
    "title": "",
    "text": "Comparisons percentage net sales years June 30 Gross margin. bps Selling administrative expense. bps Operating margin. bps Earnings before taxes. Net earnings. bps Procter Gamble. bps"
}
{
    "_id": "PG20230301",
    "title": "",
    "text": "margin increased 50. 9% net sales. pricing 150 productivity savings."
}
{
    "_id": "PG20230307",
    "title": "",
    "text": "increased commodity material costs 110 decline premium products decline super-premium SK-II brand 50 decline foreign exchange capacity start-up manufacturing product packaging investments."
}
{
    "_id": "PG20230311",
    "title": "",
    "text": "SG&A increased 4% to $21. 1 billion overhead. sales increased 50 points 25. 7% overhead offset marketing spending. spending decreased 40 points sales productivity savings offset media reinvestments. costs increased 40 wage inflation cost increases offset savings. operating expenses increased 60 higher foreign exchange charges."
}
{
    "_id": "PG20230312",
    "title": "",
    "text": "Productivity savings 90 SG&A sales."
}
{
    "_id": "PG20230313",
    "title": "",
    "text": "margin decreased 22. 1% margin offset SG&A net sales."
}
{
    "_id": "PG20230318",
    "title": "",
    "text": "expense $756 million $317 million short-term debt. income $307 million $256 million. non income $98 million $668 million loss equity gain divestiture brands."
}
{
    "_id": "PG20230323",
    "title": "",
    "text": "effective tax rate increased 190 19. 7% benefits share-based compensation 50 uncertain tax positions 40 lower deductions foreign income."
}
{
    "_id": "PG20230325",
    "title": "",
    "text": "income increased $321 million 2% $18. billion net sales margin."
}
{
    "_id": "PG20230326",
    "title": "",
    "text": "before taxes increased $358 million $18. 4 billion operating income. Net earnings declined $55 million $14. 7 billion offset tax rate. Foreign exchange reduced earnings $1. 4 billion currencies."
}
{
    "_id": "PG20230327",
    "title": "",
    "text": "Procter Gamble $89 million."
}
{
    "_id": "PG20230328",
    "title": "",
    "text": "EPS increased. 2% $5. 90 earnings offset shares."
}
{
    "_id": "PG20230338",
    "title": "",
    "text": "Segment results reflect information internal management reporting performance evaluation. include non-business unit costs reported in Corporate segment. apply blended statutory tax rates in segments. Eliminations results consolidated tax rate included in Corporate. See Note 2 Consolidated Financial Statements for information Corporate segment. Sales Change Drivers 2023 vs. 2022 with Acquisitions Divestitures Excluding Exchange Sales Growth Beauty Grooming Health Care Fabric & Home Care Baby, Feminine Family Care TOTAL COMPANY"
}
{
    "_id": "PG20230339",
    "title": "",
    "text": "sales approximations quantitative formulas."
}
{
    "_id": "PG20230340",
    "title": "",
    "text": "sales acquisitions divestitures volume net sales."
}
{
    "_id": "PG20230346",
    "title": "",
    "text": "millions./A Net sales$15,008,740 earnings$3,178,160 sales. 4%"
}
{
    "_id": "PG20230347",
    "title": "",
    "text": "sales 2% $15. billion pricing 8% 1% offset foreign exchange 5% mix 1% SK-II 1% decrease unit volume."
}
{
    "_id": "PG20230351",
    "title": "",
    "text": "acquisitions divestitures foreign exchange organic sales increased 6%. market share Beauty increased. points. Care sales increased. higher pricing acquisitions foreign exchange unit volume. sales. Europe Greater China Asia Pacific. Organic sales increased 20% growth Latin America double Europe North America offset decline Greater China. market share hair care decreased half point. Personal Care sales increased. higher pricing volume offset foreign exchange. volume increase North America Latin America Greater China offset decline Asia Pacific. Organic sales increased Latin America Europe double-digit North America offset decrease Asia Pacific. market share skin care increased point."
}
{
    "_id": "PG20230352",
    "title": "",
    "text": "earnings increased 1% $3. 2 billion sales offset 20 margin. decreased margin SG&A. reduction negative product mix SK commodity costs foreign exchange offset increased pricing. SG&A decreased marketing spending."
}
{
    "_id": "PG20230358",
    "title": "",
    "text": "millions. Volume/A Net sales$6,419 earnings$1,461 sales. 8%. 6%"
}
{
    "_id": "PG20230359",
    "title": "",
    "text": "Grooming sales decreased 3% $6. 4 billion unfavorable foreign exchange 7% 3% volume mix 2% offset higher pricing. volume decrease Europe North America. organic sales increased 5% growth Latin America double Asia Pacific. market share Grooming increased 1 point."
}
{
    "_id": "PG20230360",
    "title": "",
    "text": "earnings decreased 2% $1. 5 billion sales offset 20 margin. offset SG&A. decrease driven unfavorable product mix commodity cost unfavorable foreign exchange offset higher pricing productivity savings. SG&A decreased marketing spending."
}
{
    "_id": "PG20230366",
    "title": "",
    "text": "millions. Volume/A Net sales$11,226,824 earnings$2,125 sales. 5%"
}
{
    "_id": "PG20230367",
    "title": "",
    "text": "Health Care sales 4% $11. 2 billion pricing 5% mix 4% offset foreign exchange 4% 1% unit volume. organic sales increased 8%. Global share decreased."
}
{
    "_id": "PG20230370",
    "title": "",
    "text": "Care sales decreased. foreign exchange volume offset by increased pricing premium product mix. Volume decline driven by Europe North America Greater China. Organic sales increased 20% growth Latin America North America. Global market share unchanged. Health Care sales increased. North America respiratory products higher pricing unit volume increase offset unfavorable foreign exchange. Volume increase driven growth North America Latin America offset decline IMEA. Organic sales increased high North America Europe low Latin America. Global market share unchanged."
}
{
    "_id": "PG20230371",
    "title": "",
    "text": "earnings increased 6% to $2. 1 billion sales 40 margin. gross margin offset SG&A. decrease driven unfavorable product mix increased commodity material costs offset increased pricing. SG&A decreased marketing spending increased overhead spending."
}
{
    "_id": "PG20230377",
    "title": "",
    "text": "millions. Volume/A Net sales$28,371,556 earnings$4,828$4,386 sales. bps"
}
{
    "_id": "PG20230380",
    "title": "",
    "text": "Fabric Home Care sales increased 3% $28. 4 billion higher pricing 11% mix 1% decline offset unfavorable foreign exchange 5% 4% decrease unit volume. organic sales increased 8%. Global market share unchanged. sales increased. higher pricing offset foreign exchange volume. declines Europe North America Greater China. sales increased increases Latin America IMEA Asia Pacific Europe low North America. market share decreased point. Care sales increased mid-single digits. higher pricing product mix offset unfavorable foreign exchange decrease volume. declines Europe North America. sales increased mid growth Europe high North America. Global market share increased point."
}
{
    "_id": "PG20230381",
    "title": "",
    "text": "earnings increased 10% $4. 8 billion sales 110-point margin. gross margin offset SG&A sales. margin driven increased pricing commodity costs foreign exchange product mix. SG&A increased media spending net sales."
}
{
    "_id": "PG20230388",
    "title": "",
    "text": "millions. Volume/A Net sales$20,217$19,736 earnings$3,545$3,266 sales."
}
{
    "_id": "PG20230392",
    "title": "",
    "text": "Baby Feminine Family Care sales increased 2% $20. 2 billion higher pricing 8% mix 1% North America offset unfavorable foreign exchange 4% 3% decrease unit volume. organic sales increased 6%. Global market share unchanged. sales decreased. offset higher pricing favorable product geographic mix North America. volume decrease declines Europe North America Greater China. Organic sales increased 30% growth Latin America IMEA North America Europe double decline Greater China. market share unchanged. Care sales increased digits. higher pricing product mix offset foreign exchange decrease unit volume. decrease declines Europe IMEA. Organic sales increased growth regions. Market share increased half point. sales Family Care increased higher pricing. Unit volume sales.sales increased. America family decreased."
}
{
    "_id": "PG20230393",
    "title": "",
    "text": "earnings increased 9% $3. 5 billion sales 100 margin. gross margin decrease SG&A. Gross margin increased pricing offset commodity input material costs. SG&A decreased operating expense."
}
{
    "_id": "PG20230397",
    "title": "",
    "text": "millions. Net sales$765$744 earnings$485/A"
}
{
    "_id": "PG20230398",
    "title": "",
    "text": "Corporate includes operating activities. incidental businesses gains losses divested brands financing investing employee benefits impairments restructuring manufacturing workforce optimization. reconciling items accounting policies. GAAP. income taxes adjusts rates tax rate."
}
{
    "_id": "PG20230399",
    "title": "",
    "text": "sales increased 3% $765 million. earnings decreased $884 million $399 million higher interest expense lower tax higher charges offset interest income."
}
{
    "_id": "PG20230401",
    "title": "",
    "text": "Company restructuring program annual spending $250 to $500 million. Savings difficult reinvestment. 2023 incurred restructuring costs $250 to $500 million."
}
{
    "_id": "PG20230403",
    "title": "",
    "text": "Restructuring $174 million June 30 2023 current liabilities. 87% charges 2023 settled cash. charges funded reporting."
}
{
    "_id": "PG20230404",
    "title": "",
    "text": "restructuring savings supply chain marketing overhead operating margins."
}
{
    "_id": "PG20230406",
    "title": "",
    "text": "financial condition high quality generate cash access markets competitive rates."
}
{
    "_id": "PG20230407",
    "title": "",
    "text": "cash flow capital expenditures. Excess dividends. uses include repurchases acquisitions. supplement debt. cash position reflects business results global cash management strategy liquidity economic tax considerations."
}
{
    "_id": "PG20230414",
    "title": "",
    "text": "millions Net cash operating activities,848 investing,500(4,424) financing,146 Adjusted Free Cash Flow,792 Productivity"
}
{
    "_id": "PG20230420",
    "title": "",
    "text": "cash flow $16. 8 billion 2023 1% increase. Net earnings sale generated $17. 5 billion. Working capital used $656 million. Accounts receivable $307 million sales growth. increased 1. inventory $119 million safety stock. Inventory flat. payable liabilities provided $313 million cash taxes accrued compensation offset reduction trade payables. transportation costs extended payment terms. payable outstanding decreased 3 days. assets liabilities $543 million pension contributions."
}
{
    "_id": "PG20230421",
    "title": "",
    "text": "Adjusted Cash Flow. non-GAAP dividends repurchases acquisitions discretionary investments. operating cash flow capital transitional tax. Tax Act. senior management at-risk compensation."
}
{
    "_id": "PG20230422",
    "title": "",
    "text": "free cash flow $14. billion 2023 increase 2%. driven operating cash flows. productivity 95% 2023."
}
{
    "_id": "PG20230423",
    "title": "",
    "text": "Extended Payment Terms Supply Chain Financing. fiscal 2014, Company began program extended payment terms suppliers. initiated Supply Chain Finance program with global financial institutions. SCF qualifying suppliers sell receivables SCF Bank. negotiate sales with SCF Bank. Company not party SCF Banks allow creditworthiness credit spreads costs. provides favorable terms. Company no economic interest in. supplier Company invoices. payments paid SCF Bank invoice due date regardless. SCF Bank pays supplier for invoices not sold."
}
{
    "_id": "PG20230425",
    "title": "",
    "text": "Company’s payment obligation not impacted by participation SCF. payment terms for services consistent between. average days outstanding not impacted by costs SCF. SCF available to material Cost service SG&A. June 30, 2023 3% global suppliers SCF. Payments 2023 $18 billion 29% Cost goods sold SG&A. receivables sold to SCF Banks. due payable to SCF Banks. outstanding amounts recorded Consolidated Balance Sheets included in Statements of Cash Flows. June 30, 2023 2022 due to suppliers approximately $6 billion."
}
{
    "_id": "PG20230426",
    "title": "",
    "text": "difficult project cash flow extended payment terms increase fiscal 2024. changes financing policies developments interest rates market liquidity credit-worthiness impact participation SCF payment terms. difficult predict."
}
{
    "_id": "PG20230428",
    "title": "",
    "text": "$3. billion 2023 capital acquisitions."
}
{
    "_id": "PG20230429",
    "title": "",
    "text": ". capacity expansion cost efficiencies. 1 billion 2023. decreased. 7%."
}
{
    "_id": "PG20230430",
    "title": "",
    "text": ". $765 million 2023 Beauty."
}
{
    "_id": "PG20230432",
    "title": "",
    "text": "financing consumed. billion 2023 dividends purchases offset debt stock options."
}
{
    "_id": "PG20230433",
    "title": "",
    "text": "Dividend Payments. dividend payments. increased 4% $3. 6806 2023. payments $9. billion. Board 3% increase quarterly dividend. 9133. 9407 Common Stock Employee Stock. 67th year dividend. paid 133 years 1890."
}
{
    "_id": "PG20230434",
    "title": "",
    "text": "Short. maintain levels cash flow investment financing cost capital. Total debt $34. 6 billion June 30, 2023. generated $2. 9 billion."
}
{
    "_id": "PG20230435",
    "title": "",
    "text": ". $7 billion 2023."
}
{
    "_id": "PG20230436",
    "title": "",
    "text": "Stock Options. generated. billion cash 2023."
}
{
    "_id": "PG20230438",
    "title": "",
    "text": "June 30, 2023 liabilities exceeded assets $13. 1 billion due short-term borrowings commercial program. anticipate short-term liquidity operating needs cash operations. assesses cash needs. June 30, 2023 $5. 1 billion cash equivalents foreign subsidiaries European Asian countries. restrictions repatriation. liquidity financial condition results."
}
{
    "_id": "PG20230439",
    "title": "",
    "text": "utilize short long-term debt acquisitions share repurchases. strong debt ratings refinance favorable rates bond markets. agreements financial institutions funding short-term financing."
}
{
    "_id": "PG20230440",
    "title": "",
    "text": "June 30 2023 P-1's A-1+ Poor Aa3 AA- stable outlook."
}
{
    "_id": "PG20230441",
    "title": "",
    "text": "maintain paper program. $8. billion $3. billion $4. billion 364-day 2027"
}
{
    "_id": "PG20230443",
    "title": "",
    "text": "November 2023. facilities extended credit agreement. undrawn. cross-default ratings triggers adverse events clauses signing. effective registration statement Form S-3 SEC short long-term debt securities. details Note 10 Consolidated Financial Statements."
}
{
    "_id": "PG20230445",
    "title": "",
    "text": "guarantees off-balance sheet financing variable interest financial liquidity."
}
{
    "_id": "PG20230457",
    "title": "",
    "text": "table date contractual commitments June 30 2023. Years 5 Years LIABILITIES Total debt,248,316,705 Leases. Tax Act charge Interest payments long debt Minimum pension funding Purchase obligations,989,169 CONTRACTUAL COMMITMENTS,041,424,086"
}
{
    "_id": "PG20230458",
    "title": "",
    "text": ". tax liability repatriation provisions. Act."
}
{
    "_id": "PG20230459",
    "title": "",
    "text": "future pension payments local requirements. Company requirements. current environment cash flows adequate. projected payments beyond 2026 not determinable."
}
{
    "_id": "PG20230460",
    "title": "",
    "text": "reflects future payments take-or-pay arrangements. Commitments minimum commitments expected usage. includes service contracts information technology human resources facilities management outsourced. amounts obligations full paid contracts canceled maturity. negotiate new contracts cancellation penalties reduced payment. include purchase obligations. orders fair value operations reflected cash flow trends. affect liquidity."
}
{
    "_id": "PG20230462",
    "title": "",
    "text": "preparing financial statements. GAAP accounting policies judgment. include revenue recognition taxes employee benefits goodwill intangible assets. Note 1 Consolidated Financial Statements integral financial condition Company."
}
{
    "_id": "PG20230463",
    "title": "",
    "text": "discussed accounting policies estimates Audit Committee Board."
}
{
    "_id": "PG20230465",
    "title": "",
    "text": "revenue finished product. sales single performance obligation recognized ownership risks rewards transfer shipment receipt. Trade promotions merchandising advertising coupons offered. Sales recorded net promotion spending recognized incurred sale. Amounts promotions require estimation contractual terms sales volumes utilization redemption rates. amounts. differences recognized change management estimate."
}
{
    "_id": "PG20230467",
    "title": "",
    "text": "annual tax rate determined income tax rates impacts items treated differently. judgements"
}
{
    "_id": "PG20230469",
    "title": "",
    "text": "deferred tax balances loss carryforwards tax positions."
}
{
    "_id": "PG20230470",
    "title": "",
    "text": "Realization operating losses carryforwards taxable income expiration business plans planning expectations future outcomes. management believes deferred tax assets realized."
}
{
    "_id": "PG20230471",
    "title": "",
    "text": "operate jurisdictions complex tax regulatory. take tax positions challenge taxing authority. interpretational differences local economic fiscal environment."
}
{
    "_id": "PG20230472",
    "title": "",
    "text": "principle tax structure based on business model profits earned functions legal entities jurisdictions. complexity transfer pricing income tax uncertainty intercompany transfer prices cross-border transactions. seeking advance rulings reduce uncertainty. portfolio reduces uncertainty over 70% global earnings. evaluate tax positions establish liabilities accounting guidance uncertainty. review tax uncertainties adjust. audits process jurisdictions. resolution tax uncertain outcomes financial position cash flows."
}
{
    "_id": "PG20230473",
    "title": "",
    "text": "estimates assumptions tax provision future legislation geographic tax audits repatriation plans tax rate. Note 5 Consolidated Financial Statements taxes."
}
{
    "_id": "PG20230475",
    "title": "",
    "text": "sponsor postretirement benefits. pension defined contribution health care life insurance. require assumptions benefit obligations discount rate salary increases turnover retirement mortality return assets health care cost. assumptions affect annual expense obligations. assumptions reflect historical experiences management future expectations. results assumptions deferred. exceeds 10% plan assets liabilities portion included expense following year. plan changes decreasing benefits prior service deferred included expense service period."
}
{
    "_id": "PG20230476",
    "title": "",
    "text": "expected return defined benefit expense pension OPRB partially funded. Note 8 Consolidated Financial Statements. 2023 average return 5. 9% 8. 4%. change 100 points after-tax $135 million."
}
{
    "_id": "PG20230477",
    "title": "",
    "text": "pension OPRB liabilities rate impacts obligations expenses. Discount rates U. S. based yield curve high bonds estimated payouts. international discount rates bonds AA. average discount rate 4. 2% local rates. 100-point change benefit expense $130 million. discount OPRB 5. 6% higher interest rates U. S. 100-point change OPRB expense $30 million. Note 8 Consolidated Financial Statements details."
}
{
    "_id": "PG20230479",
    "title": "",
    "text": "judgment value goodwill units intangible assets. obtain assistance third-party valuation specialists. useful life intangible requires judgment. assets indefinite lives history plans. Other assets. relationships patents technologies"
}
{
    "_id": "PG20230481",
    "title": "",
    "text": ". assessment brands indefinite determinable life competitive environment market share brand history product cycles operating plans macroeconomic environment. Determinable-lived assets amortized over estimated lives. impairment assessment required recoverable."
}
{
    "_id": "PG20230482",
    "title": "",
    "text": "Goodwill indefinite-lived assets not amortized tested annually impairment. income method fair value based future cash flows. less than carrying value impairment. annual December 31."
}
{
    "_id": "PG20230483",
    "title": "",
    "text": "goodwill units value carrying values. Grooming integration Shave Care Appliances goodwill testing. Grooming goodwill fair value cushion over 30%. June 30, 2023 carrying value $12. 7 billion."
}
{
    "_id": "PG20230484",
    "title": "",
    "text": "indefinite-lived assets fair value carrying value. 2022 Gillette fair value exceeded carrying 5%. June 30, 2023 carrying value $14. 1 billion. no triggering event susceptible future impairment risk. changes currency devaluation inflation Russia-Ukraine War reduce cash flows trigger future impairment charge. reduction business activities Russia reduce fair value 5%."
}
{
    "_id": "PG20230485",
    "title": "",
    "text": "significant assumptions value Gillette net sales growth discount royalty rates."
}
{
    "_id": "PG20230486",
    "title": "",
    "text": "sales growth rates by demand Gillette products caused changes shifts supply chain constraints. global factors Russia-Ukraine War devaluation currencies. residual growth rates represent expected Gillette brand beyond. consistent with plans long-term market growth rates. depend on market growth rates competitive environment inflation currency exchange rates business activities market. impacted by deceleration growth grooming habit changes devaluation. increased competitive environment."
}
{
    "_id": "PG20230487",
    "title": "",
    "text": "discount rate consistent cost capital expected market industry rates return debt equity capital. impacted macroeconomic volatility equity debt markets factors devaluation. dollar. Spot rates fair value date cash flows outside U."
}
{
    "_id": "PG20230488",
    "title": "",
    "text": "royalty rates driven profitability Gillette business. impacted margins."
}
{
    "_id": "PG20230492",
    "title": "",
    "text": "performed sensitivity analysis Gillette asset annual impairment testing months December 31, 2022 changes discount rate growth rates royalty rates potential impacts. table impacts 25 increase discount rate growth rates 50 decrease royalty rates. Percent Change Estimated Fair Value+25 Discount Rate Growth Rate Royalty Rate Gillette"
}
{
    "_id": "PG20230493",
    "title": "",
    "text": "Note 4 Statements goodwill."
}
{
    "_id": "PG20230496",
    "title": "",
    "text": "Note 1 Consolidated Financial Statements June 30 2023."
}
{
    "_id": "PG20230499",
    "title": "",
    "text": "multinational exposed market risks interest prices. evaluate correlation netting. leverage diversified portfolio prioritize hedging instruments. volatility financial transactions derivative instruments hedging. governed policies counterparty exposure instrument types hedging practices. Note 9 Consolidated Financial Statements accounting policies derivative instruments."
}
{
    "_id": "PG20230500",
    "title": "",
    "text": "Derivative positions monitored market valuation sensitivity analysis value-at-risk modeling. interest currency commodity positions RiskManagerTM value-at-risk model one-year horizon 95% confidence. correlation diversification returns. Estimates volatility RiskMetricsTM dataset June 30, 2023. proxy."
}
{
    "_id": "PG20230501",
    "title": "",
    "text": "market risk exposures interest rates currency commodity prices changed previous period. facts exposures near."
}
{
    "_id": "PG20230502",
    "title": "",
    "text": "Interest Rate Exposure Financial Instruments. swaps debt obligations. hedge currency exchange rate foreign. hedges Company foreign investments."
}
{
    "_id": "PG20230503",
    "title": "",
    "text": "interest rate exposure fiscal year June 30 2023 instruments near-term change 95% confidence affect financial statements."
}
{
    "_id": "PG20230504",
    "title": "",
    "text": "Currency Rate Exposure Financial Instruments. manufacture sell finance operations exchange rates. policy hedging. risk use forward contracts currency swaps maturities less 18 months."
}
{
    "_id": "PG20230505",
    "title": "",
    "text": "currency rate exposure fiscal year June 30, 2023 95% confidence impact-term change currency affect financial statements."
}
{
    "_id": "PG20230506",
    "title": "",
    "text": "Commodity Price Exposure Financial Instruments. raw materials volatility supply variables unpredictable. futures options swap contracts. 2022 commodity hedging activity."
}
{
    "_id": "PG20230508",
    "title": "",
    "text": "SEC Regulation S-K Item 10(e), definitions non-GAAP measures reconciliation related GAAP measure. measures provide perspective business trends. non-recurring items results supplemental measure year-on-year results. non-GAAP measures used management operating decisions financial resources business strategy. investors supplemental information performance results. senior management at-risk compensation. not GAAP measures supplemental information results. not similar differences method. include"
}
{
    "_id": "PG20230509",
    "title": "",
    "text": "Organic Sales Growth. non-GAAP excluding acquisitions divestitures foreign exchange."
}
{
    "_id": "PG20230511",
    "title": "",
    "text": "sales trends growth. measure management goals at-risk compensation."
}
{
    "_id": "PG20230519",
    "title": "",
    "text": "tables organic sales net Fiscal year June 30 2023 Sales Growth Exchange Impact Divestiture Impact Sales Growth Beauty Grooming Health Care Fabric Home Care Baby Feminine Family Care TOTAL COMPANY"
}
{
    "_id": "PG20230520",
    "title": "",
    "text": "Divestiture Impact volume mix impact net organic sales."
}
{
    "_id": "PG20230521",
    "title": "",
    "text": "Adjusted Free Cash Flow. operating less capital spending transitional tax. S. Tax Act. represents Company maintenance asset expansion. dividends share repurchases acquisitions discretionary investments."
}
{
    "_id": "PG20230525",
    "title": "",
    "text": "table adjusted free cash flow Cash Flow Spending Free Cash Flow 2023,848(3,062,011 2022,156,792"
}
{
    "_id": "PG20230526",
    "title": "",
    "text": "Cash tax payments. Tax Act $225 2023."
}
{
    "_id": "PG20230527",
    "title": "",
    "text": "Adjusted Free Cash Flow Productivity. ratio to net earnings. understand P&G’s cash. used management decisions financial resources budget planning. management goals at-risk compensation."
}
{
    "_id": "PG20230531",
    "title": "",
    "text": "table adjusted free cash flow productivity Flow Earnings Productivity 2023,011,738 2022,792"
}
{
    "_id": "PG20230532",
    "title": "",
    "text": "Core EPS. diluted EPS excluding items sustainable results. non-GAAP supplemental performance. goals at-risk compensation. fiscal years 2023 2022 no adjustments diluted EPS."
}
{
    "_id": "PG20230534",
    "title": "",
    "text": "incorporated MD&A Note 9 Consolidated Financial Statements."
}
{
    "_id": "PG20230538",
    "title": "",
    "text": "Management control financial reporting Procter & Gamble Company Rule 13a-15(f Securities Exchange Act 1934. control assurance reliability preparation statements accounting principles."
}
{
    "_id": "PG20230539",
    "title": "",
    "text": "internal controls reinforced Worldwide Business Conduct Manual commitment business integrity. people committed to Purpose Values Principles. internal controls includes policies procedures segregation duties selection development employees. Global Leadership Council business strategies results Disclosure Committee Board of Directors Audit Committee accounting policies financial reporting control."
}
{
    "_id": "PG20230540",
    "title": "",
    "text": "Global Internal Audit performs financial reporting provides training improves control processes. includes Control Self-Assessment Program annually areas. Management control deficiencies."
}
{
    "_id": "PG20230541",
    "title": "",
    "text": "limitations internal control financial reporting not prevent detect misstatements overridden error fraud. changes conditions internal control effectiveness vary over time."
}
{
    "_id": "PG20230542",
    "title": "",
    "text": "Management assessed Company control financial reporting June 30, 2023 criteria Internal Control - Integrated Framework Sponsoring concluded maintained control."
}
{
    "_id": "PG20230543",
    "title": "",
    "text": "Deloitte & Touche LLP audited financial reporting June 30, 2023."
}
{
    "_id": "PG20230553",
    "title": "",
    "text": "shareholders Board Procter Gamble"
}
{
    "_id": "PG20230555",
    "title": "",
    "text": "audited Balance Sheets Procter & Gamble Company subsidiaries June 30 2023 2022 Statements Earnings Income Shareholders’ Equity Cash Flows three years notes. financial statements present financial position Company June 30 2023 2022 results operations cash flows accounting principles."
}
{
    "_id": "PG20230556",
    "title": "",
    "text": "audited Public Company Accounting Oversight Board control financial reporting June 30, 2023 Internal Control Integrated Framework report August 4, 2023 unqualified opinion."
}
{
    "_id": "PG20230558",
    "title": "",
    "text": "financial statements responsibility Company management. opinion audits. public accounting firm registered PCAOB independent. federal securities laws Securities Exchange Commission PCAOB."
}
{
    "_id": "PG20230559",
    "title": "",
    "text": "conducted audits standards PCAOB. standards require plan audit assurance financial statements free misstatement. audits included risks misstatement. procedures included examining evidence amounts disclosures statements. accounting principles estimates management overall presentation. audits provide reasonable basis for opinion."
}
{
    "_id": "PG20230561",
    "title": "",
    "text": "critical audit matter is from current-period audit of financial statements communicated to audit committee relates to accounts disclosures material challenging complex judgments. communication alter our opinion on financial statements not separate opinion on."
}
{
    "_id": "PG20230562",
    "title": "",
    "text": "Gillette Notes 1 4 financial statements"
}
{
    "_id": "PG20230564",
    "title": "",
    "text": "Gillette fair value carrying. estimates method future cash flows. estimates assumptions sales earnings growth royalty discount rate. Changes fair value impairment charge. annual impairment assessment December 31, 2022. estimated fair value exceeds carrying no impairment recorded. June 30, 2023 carrying value $14. 1 billion."
}
{
    "_id": "PG20230565",
    "title": "",
    "text": "identified impairment evaluation Gillette Brand critical audit judgments management value indefinite asset. high auditor judgment effort required estimates future sales earnings royalty rates discount fair value specialists."
}
{
    "_id": "PG20230569",
    "title": "",
    "text": "audit procedures net sales earnings selection royalty discount rate Gillette Brand included tested controls over Gillette Brand fair value selection royalty rates discount. evaluated comparing results historical forecasts."
}
{
    "_id": "PG20230578",
    "title": "",
    "text": "evaluated forecast net sales earnings comparing sales. analysis business strategies growth plans. communications Board. information industry reports Company peer companies. fair value specialists evaluated net sales earnings growth rates royalty discount rate source information mathematical accuracy. estimates discount rate comparing."
}
{
    "_id": "PG20230582",
    "title": "",
    "text": "auditor 1890."
}
{
    "_id": "PG20230585",
    "title": "",
    "text": "shareholders Board Procter Gamble"
}
{
    "_id": "PG20230587",
    "title": "",
    "text": "audited Procter & Gamble Company subsidiaries June 30, 2023 Internal Control Integrated Framework (2013) Sponsoring Organizations Treadway Commission. Company maintained effective internal control 2023."
}
{
    "_id": "PG20230588",
    "title": "",
    "text": "audited Public Company Accounting Oversight consolidated financial statements June 30, 2023 report 4 unqualified opinion."
}
{
    "_id": "PG20230590",
    "title": "",
    "text": "Company management responsible internal control financial reporting assessment Management’s Report. express opinion control audit. public accounting firm registered PCAOB independent U. federal securities laws rules Securities and Exchange Commission PCAOB."
}
{
    "_id": "PG20230591",
    "title": "",
    "text": "conducted audit standards PCAOB. standards require assurance internal control financial reporting. audit included understanding control risk material weakness testing evaluating design effectiveness other procedures necessary. audit provides basis opinion."
}
{
    "_id": "PG20230593",
    "title": "",
    "text": "internal control over financial reporting assurance reliability financial reporting preparation financial statements for accounting principles. includes policies procedures maintenance records transactions dispositions assets assurance transactions recorded necessary preparation financial statements receipts expenditures with authorizations management directors assurance prevention of unauthorized acquisition use disposition assets financial statements."
}
{
    "_id": "PG20230594",
    "title": "",
    "text": "limitations internal control financial reporting prevent misstatements. projections effectiveness future risk controls compliance policies deteriorate."
}
{
    "_id": "PG20230615",
    "title": "",
    "text": "millions share years June 30 SALES,006,187,118 Cost products,760,157,108 Selling administrative expense,112,217 OPERATING INCOME,134,986 Interest expense income non-operating income EARNINGS INCOME TAXES,353,995 taxes,738,352 earnings noncontrolling interests EARNINGS PROCTER,653,742,306 COMMON SHARE."
}
{
    "_id": "PG20230616",
    "title": "",
    "text": "earnings Diluted calculated Procter & Gamble."
}
{
    "_id": "PG20230627",
    "title": "",
    "text": "millions years June 30 EARNINGS,738,352 INCOME Foreign currency translation $(197) $515 $(266) gains investment securities $(2) $1 $5 gains defined benefit postretirement plans $9 $1,022 $445,992,386 INCOME TAX,425 INCOME,700,340,777 noncontrolling interests PROCTER,622,297"
}
{
    "_id": "PG20230628",
    "title": "",
    "text": "Notes Statements."
}
{
    "_id": "PG20230669",
    "title": "",
    "text": "millions June 30 Cash,246,214 Accounts receivable,471 INVENTORIES Materials supplies,168 Work goods,254,900,073 Prepaid expenses assets,372,648,653 PROPERTY PLANT EQUIPMENT GOODWILL,659,700 TRADEMARKS,783 NONCURRENT,981,829,208 Liabilities Shareholders Equity Accounts payable,598 liabilities Debt,756 LONG-TERM DEBT,378,848 DEFERRED INCOME TAXES NONCURRENT LIABILITIES,764,354 SHAREHOLDERS EQUITY $1 Non-Voting $1Common stock $1 share 2023. 2022. capital,556 ESOP debt loss Treasury stock 2023 1,647. 2022.,736 earnings,170 Noncontrolling interest SHAREHOLDERS EQUITY,854 LIABILITIES,829,208"
}
{
    "_id": "PG20230670",
    "title": "",
    "text": "Notes Statements."
}
{
    "_id": "PG20230708",
    "title": "",
    "text": "millions thousands JUNE 30 2020,479,746$4,009 Dividends$3. 2419 Treasury purchases,343) conversions,302 ESOP debt BALANCE JUNE 30 2021,429,706$4,009 Dividends$3. 5227 purchases,088),042 ESOP debt BALANCE JUNE 30 2022,877$4,009 Dividends$3. 6806 purchases conversions ESOP debt BALANCE JUNE 30 2023,120$4,009"
}
{
    "_id": "PG20230709",
    "title": "",
    "text": "Notes Statements."
}
{
    "_id": "PG20230748",
    "title": "",
    "text": "millions years June 30 CASH EQUIVALENTS RESTRICTED CASH,214,288,181 OPERATING Net earnings,738,352 Depreciation amortization,735 Loss extinguishment debt compensation Deferred income taxes Loss sale assets receivable inventories accounts payable liabilities assets liabilities OPERATING ACTIVITIES,848,371 INVESTING Capital expenditures),156,787 sales Acquisitions ACTIVITIES FINANCING Dividends shareholders Additions short-term debt months,168,411 Reductions debtthree months(7,577) short-term debt,319)(3,431) Additions long debt,385 Reductions long-term debt(1,878)(2,343) Treasury stock purchases,353),003 stock options FINANCING,146 EXCHANGE RATE CHANGES CASH EQUIVALENTS(3,074)(5,893) YEAR,246,214,288 payments interest income taxes,278,818,822"
}
{
    "_id": "PG20230749",
    "title": "",
    "text": "extinguishment $512."
}
{
    "_id": "PG20230750",
    "title": "",
    "text": "Notes Statements."
}
{
    "_id": "PG20230756",
    "title": "",
    "text": "Procter & Gamble branded goods quality value. products sold 180 countries merchandisers e-commerce grocery drug department distributors wholesalers high-frequency pharmacies electronics professional channels. direct. operations 70 countries."
}
{
    "_id": "PG20230758",
    "title": "",
    "text": "Consolidated Statements subsidiaries."
}
{
    "_id": "PG20230759",
    "title": "",
    "text": "lack control Venezuelan subsidiaries currency not consolidated. account cost less impairments price changes."
}
{
    "_id": "PG20230760",
    "title": "",
    "text": "2022 Company short-term debt maturities three months Consolidated Statements Cash Flows. year June 30, 2021 revised. financing not material."
}
{
    "_id": "PG20230762",
    "title": "",
    "text": "financial statements. requires estimates assumptions Financial Statements. estimates based current events actions. consumer accruals restructuring reserves pensions postretirement benefits stock options valuation acquired intangible assets depreciation amortization-lived future cash flows impairment testing indefinite-lived deferred tax assets liabilities uncertain income tax positions contingencies. results differ estimates financial statements. impairment testing deterioration future cash flow projections assumptions impairment charges financial statements."
}
{
    "_id": "PG20230764",
    "title": "",
    "text": "revenue from finished product. sales single performance obligation revenue recognized ownership risks rewards transfer shipment receipt. provision payment discounts product return allowances reduction sales. net of sales taxes. includes shipping handling costs list price."
}
{
    "_id": "PG20230765",
    "title": "",
    "text": "Trade promotions pricing funds coupons offered. Sales recorded net spending incurred. arrangements one year. Accruals payouts accrued marketing Consolidated Balance Sheets."
}
{
    "_id": "PG20230767",
    "title": "",
    "text": "Cost products sold materials supplies labor depreciation overhead expenses convert into products. includes distribute freight internal transfer warehousing shipping handling activity."
}
{
    "_id": "PG20230769",
    "title": "",
    "text": "marketing research overhead depreciation amortization non miscellaneous items. Research development $2. billion 2023 2022 $1. billion 2021. Advertising print radio-store $8. billion 2023 $7. billion 2022"
}
{
    "_id": "PG20230770",
    "title": "",
    "text": "millions share specified."
}
{
    "_id": "PG20230772",
    "title": "",
    "text": ". billion 2021. Non-advertising promotions sampling sales aids."
}
{
    "_id": "PG20230774",
    "title": "",
    "text": "non-operating divestiture non-service impacts postretirement."
}
{
    "_id": "PG20230776",
    "title": "",
    "text": "Financial statements subsidiaries outside U. measured local. Adjustments. dollars recorded. subsidiaries inflationary economies U. dollar. Re-measurement adjustments reflected earnings."
}
{
    "_id": "PG20230778",
    "title": "",
    "text": "Consolidated Statements Cash Flows indirect method earnings flows. foreign currency translated monthly exchange rates. hedging. investment hedges investing. gains losses non-qualifying derivative instruments currency financing activities. flows instruments interest operating activities. payments income taxes operating activities."
}
{
    "_id": "PG20230780",
    "title": "",
    "text": "Company holds equity investments control decisions. accounted equity investments. investments recorded fair value gains losses net earnings. without values measured at cost less impairments price changes. noncurrent assets Consolidated Balance Sheets."
}
{
    "_id": "PG20230781",
    "title": "",
    "text": "Company holds market funds time deposits. cash Consolidated Balance Sheets."
}
{
    "_id": "PG20230783",
    "title": "",
    "text": "Inventories valued lower cost. Product-related first-in-out. spare part average-cost."
}
{
    "_id": "PG20230785",
    "title": "",
    "text": "Property plant equipment recorded reduced depreciation. Depreciation expense recognized lives-line. office furniture fixtures (15-year computer software (3 manufacturing equipment (3 20-year. Buildings depreciated 40 years. reviewed changes. adjusted impairment assessment."
}
{
    "_id": "PG20230787",
    "title": "",
    "text": "Goodwill indefinite-lived assets not amortized evaluated impairment annually potential impairment.-lived assets."
}
{
    "_id": "PG20230788",
    "title": "",
    "text": "acquired brands indefinite lives. evaluate factors competitive environment market share brand history product cycles operating plans macroeconomic environment. additional impairment assessment assets adjusted life."
}
{
    "_id": "PG20230789",
    "title": "",
    "text": "cost intangible assets lives economic benefits periods. Patents technology assets contractual terms amortized over lives. Customer relationships brands non-contractual assets amortized 5 to 30 years. impairment assessment lives adjusted."
}
{
    "_id": "PG20230790",
    "title": "",
    "text": "goodwill Note 4."
}
{
    "_id": "PG20230791",
    "title": "",
    "text": "millions share specified."
}
{
    "_id": "PG20230794",
    "title": "",
    "text": "financial instruments fair value. assumptions affect financial condition cash flows. cash equivalents investments short-term debt recorded cost approximates fair value. values debt Note 9."
}
{
    "_id": "PG20230796",
    "title": "",
    "text": "2022 Financial Accounting Standards Board issued 2022-04 Supplier Finance Programs. annual interim disclosures supplier finance programs. amendments effective years 2022 rollforward 2023. July 1, 2023. Additional disclosures Notes Consolidated Financial Statements."
}
{
    "_id": "PG20230797",
    "title": "",
    "text": "accounting pronouncements fiscal year future Consolidated Financial Statements."
}
{
    "_id": "PG20230805",
    "title": "",
    "text": ". GAAP segments five Beauty Grooming Health Care Fabric Home Care Baby Feminine Family Care. Hair Shampoos Styling Aids Skin Deodorants Cleansing Female Male Pre- Post Pain Relief Respiratory Vitamins Home Care Enhancers Laundry Additives Dish P&G Professional Surface Feminine Family Care Wipes Taped Diapers Feminine Incontinence Towels Tissues Toilet Paper."
}
{
    "_id": "PG20230806",
    "title": "",
    "text": "none segments seasonal Appliances Personal Health Care seasonal."
}
{
    "_id": "PG20230807",
    "title": "",
    "text": "accounting policies Note 1. Differences. reflect income taxes reflected blended rates. Adjustments effective tax rate Corporate. capital expenditures accrual balance sheet. Adjustments cash reflected Corporate."
}
{
    "_id": "PG20230808",
    "title": "",
    "text": "Corporate includes operating non-operating activities management reporting. GAAP. businesses. employee benefit restructuring activities manufacturing workforce optimization impairment. non-operating elements interest expense pension postretirement costs acquisition divestiture gains interest investing income financing costs."
}
{
    "_id": "PG20230809",
    "title": "",
    "text": "assets reportable segments inventory intangible. cash accounts receivable securities goodwill."
}
{
    "_id": "PG20230810",
    "title": "",
    "text": "millions share specified."
}
{
    "_id": "PG20230826",
    "title": "",
    "text": "operating segments similar product categories. 5% net sales sales Fiscal years June Fabric Care Home Care Baby Care Skin Personal Care Hair Care Family Care Grooming Oral Care Feminine Care Personal Health Care Other TOTAL"
}
{
    "_id": "PG20230827",
    "title": "",
    "text": "Net sales segment excludes."
}
{
    "_id": "PG20230828",
    "title": "",
    "text": "July 1, 2022 Grooming Sector Unit Shave Care Appliances. management team innovation financial targets budgets. 2022 2021 Appliances."
}
{
    "_id": "PG20230836",
    "title": "",
    "text": "sales long-lived assets United States Fiscal years ended June 30 United States. 5. International. 3. 4-LIVED United States. 7. International. 5."
}
{
    "_id": "PG20230837",
    "title": "",
    "text": "-lived assets equipment."
}
{
    "_id": "PG20230838",
    "title": "",
    "text": "country 10% Company sales assets."
}
{
    "_id": "PG20230839",
    "title": "",
    "text": "Walmart. affiliates sales 15% 2023 2022 2021. No 10%."
}
{
    "_id": "PG20230840",
    "title": "",
    "text": "millions share specified."
}
{
    "_id": "PG20230863",
    "title": "",
    "text": "Global Segment Sales Before Taxes Amortization Assets Expenditures BEAUTY,008#4,009,178#376,196#287,740,160,018,210 GROOMING,601,482,668 HEALTH CARE,226,759,125####352,480,824####376,398 FABRIC HOME CARE,371,303,669,556,386,334 BABY FEMININE FAMILY CARE,217 ##2022,736,267,266,443####932 ##2021,850,629,666 CORPORATE,147),366(400)(1,238)(74) TOTAL COMPANY#2023,006,353,738,714,829,187,995,208,156,118####17,615,352,735,307,787"
}
{
    "_id": "PG20230864",
    "title": "",
    "text": "millions share specified."
}
{
    "_id": "PG20230877",
    "title": "",
    "text": "property plant equipment June 30 PLANT EQUIPMENT Buildings,277 Machinery equipment,098 Land Construction TOTAL PROPERTY PLANT EQUIPMENT,697 depreciation,195"
}
{
    "_id": "PG20230897",
    "title": "",
    "text": "liabilities June 30 Marketing promotion,894,878 Compensation Taxes liabilities Leases reserves,939,929 NONCURRENT LIABILITIES Pension benefits,116,139. Tax Act tax retiree benefits Uncertain tax positions leases Derivative liabilities TOTAL,152"
}
{
    "_id": "PG20230899",
    "title": "",
    "text": "Company restructuring activities cost workforce optimization. costs $250 to $500 annually."
}
{
    "_id": "PG20230900",
    "title": "",
    "text": "Restructuring costs employees facilities. separation costs voluntary salary past service periods. charged earnings. Asset-related costs asset write-downs accelerated depreciation. write-downs new fair value disposal. current basis less. accelerated depreciation long-lived assets service. manufacturing consolidations technology standardizations. future depreciation. asset removal termination contracts supply overhead optimization. restructuring charges $329 $253 fiscal years 2023 2022. 2023 $160 Costs products sold $160 SG&A $9 Other non-operating income."
}
{
    "_id": "PG20230901",
    "title": "",
    "text": "millions share specified."
}
{
    "_id": "PG20230911",
    "title": "",
    "text": "2022 $182 Costs products sold $67 SG&A $4 non-operating income. table restructuring years 2023 2022-Related Costs RESERVE JUNE 30 2021 Cost paid(384 JUNE 30 2022 expense paid RESERVE JUNE 30 2023"
}
{
    "_id": "PG20230912",
    "title": "",
    "text": "historical policies charges funded Corporate management reporting."
}
{
    "_id": "PG20230921",
    "title": "",
    "text": "table restructuring costs years June 30 Beauty Grooming Health Care Fabric Home Care Baby Feminine Family Care Corporate Company"
}
{
    "_id": "PG20230922",
    "title": "",
    "text": "includes Enterprise Markets Business Services Corporate Functions."
}
{
    "_id": "PG20230933",
    "title": "",
    "text": "change net goodwill segment Care Home Care Feminine Family Care Company Balance June 30, 2021,257#13,095#8,046,924 Acquisitions divestitures(742 Balance June 30, 2022 Net,296,571,700 Acquisitions divestitures Balance June 30, 2023 Net,888,703,659"
}
{
    "_id": "PG20230934",
    "title": "",
    "text": "goodwill. billion losses."
}
{
    "_id": "PG20230935",
    "title": "",
    "text": "Goodwill indefinite-lived intangibles tested annually values values. income method fair value based future cash flows. estimates include future cash flows growth profitability. judgement management impact macroeconomic factors future cash flows Russia-Ukraine War. Estimates macroeconomic conditions category growth rates competitive activities cost containment margin expansion business plans product life cycles economic barriers brand market position discount rate. Unanticipated events affect."
}
{
    "_id": "PG20230936",
    "title": "",
    "text": "millions share specified."
}
{
    "_id": "PG20230938",
    "title": "",
    "text": "believe estimates assumptions impairment testing reasonable comparable marketplace participants. events results differ valuations. failure projected cash flows value goodwill assets need record additional non-cash impairment charges."
}
{
    "_id": "PG20230939",
    "title": "",
    "text": "Goodwill 2023 Beauty acquisitions Baby Feminine Family currency translation segments."
}
{
    "_id": "PG20230940",
    "title": "",
    "text": "Goodwill 2022 currency translation offset three acquisitions Beauty TULA."
}
{
    "_id": "PG20230952",
    "title": "",
    "text": "intangible assets June 30 ASSETS DETERMINABLE LIVES Brands,352(2,540),299(2,628) Patents technology,775,769 Customer relationships TOTAL,047,256),012,273) INDEFINITE LIVES Brands,992,940 TOTAL INTANGIBLE,256,952,273)"
}
{
    "_id": "PG20230955",
    "title": "",
    "text": "Amortization assets years June Intangible asset amortization"
}
{
    "_id": "PG20230958",
    "title": "",
    "text": "amortization expense five fiscal years ending June 30#340#320#297#287"
}
{
    "_id": "PG20230961",
    "title": "",
    "text": "Income taxes recognized current year impact deferred tax assets liabilities future consequences. Deferred tax assets liabilities established tax rates adjusted changes."
}
{
    "_id": "PG20230962",
    "title": "",
    "text": "tax Global Intangible Low-Taxed Income expense."
}
{
    "_id": "PG20230967",
    "title": "",
    "text": "Earnings before taxes years June 30 States,107,698,858 International,246,297,353,995"
}
{
    "_id": "PG20230968",
    "title": "",
    "text": "millions share specified."
}
{
    "_id": "PG20230981",
    "title": "",
    "text": "Income taxes Fiscal years June 30 TAX. federal International,333. state local TOTAL,068,604 TAX EXPENSE. federal(65) International(82) TAX EXPENSE,615,202,263"
}
{
    "_id": "PG20230991",
    "title": "",
    "text": "reconciliation. federal statutory income tax rate effective rate Fiscal years June 30. federal statutory income tax rate. Country mix impacts foreign operations. State income taxes federal benefit. Excess tax benefits stock options. Foreign intangible income deduction. Changes uncertain tax positions. EFFECTIVE INCOME TAX RATE."
}
{
    "_id": "PG20230992",
    "title": "",
    "text": "impacts foreign operations subsidiaries earnings U. S. statutory. impacts non-U. S. earnings repatriation impacts intercompany transactions. uncertain tax positions net liability. Excess tax benefits stock options reflect tax benefits over tax benefits."
}
{
    "_id": "PG20230993",
    "title": "",
    "text": "Tax benefits equity $190 fiscal year 2023. investment hedges. Tax costs equity $1,538 year 2022. pension obligations investment hedges."
}
{
    "_id": "PG20230994",
    "title": "",
    "text": "U. Tax Act Company asserted undistributed earnings foreign subsidiaries indefinitely invested no deferred taxes. earnings one-time transition tax. income foreign withholding taxes. deferred taxes $24 billion earnings indefinitely invested."
}
{
    "_id": "PG20231004",
    "title": "",
    "text": "reconciliation liability tax positions Fiscal years June 30#627 Increases Decreases(34) Increases current Settlements taxing authorities(26) Lapse statute limitations(24) Currency translation END YEAR#515#583#627"
}
{
    "_id": "PG20231005",
    "title": "",
    "text": "millions share specified."
}
{
    "_id": "PG20231007",
    "title": "",
    "text": "liability tax positions June 30 2023 $354 tax rate."
}
{
    "_id": "PG20231008",
    "title": "",
    "text": "Company present 70 countries 150 jurisdictions 30-40 audits. evaluate tax positions establish liabilities uncertain challenged. positions reviewed adjusted changing facts circumstances case law closing statutes limitation. adjustments reflected tax provision. tax years 2010. estimate settlement until audit. 12-month audit activity completed uncertain tax positions multiple jurisdictions accrued liabilities $40, including interest penalties."
}
{
    "_id": "PG20231009",
    "title": "",
    "text": "accrual interest penalties. June 2023 2022 2021 interest $143 $179 $166 penalties $12 $10 not table. recognized $23 $21 $38 interest $1 $2 $6 penalties."
}
{
    "_id": "PG20231032",
    "title": "",
    "text": "Deferred income tax liabilities June 30 TAX ASSETS Loss carryforwards research Pension retiree benefits marketing Stock compensation loss Fixed assets Lease liabilities Valuation allowances,091 DEFERRED TAX LIABILITIES Goodwill intangible assets Fixed assets retiree benefits gain Lease withholding tax,334"
}
{
    "_id": "PG20231033",
    "title": "",
    "text": "loss carryforwards. billion 2023. 5 2022. $300 2023 2042. remainder. 6 billion."
}
{
    "_id": "PG20231036",
    "title": "",
    "text": "net earnings share Procter & Gamble less dividends average shares. Diluted earnings diluted. diluted shares include dilutive effect stock options share awards treasury conversion preferred stock 8)."
}
{
    "_id": "PG20231037",
    "title": "",
    "text": "millions share specified."
}
{
    "_id": "PG20231056",
    "title": "",
    "text": "earnings per common share calculated Fiscal years June 30,738,352 Less noncontrolling interests P&G,653,742,306 Less Preferred dividends P&G,371,461,035,653,742,306 SHARES Basic average common shares outstanding,368.,410.,465. dilutive securities Stock options unvested equity awards. Convertible preferred shares. Diluted average common shares,483. 9. PER COMMON SHARE. Diluted."
}
{
    "_id": "PG20231057",
    "title": "",
    "text": "19 million 11 9 million 2023 2022 2021 weighted stock options market antidilutive."
}
{
    "_id": "PG20231058",
    "title": "",
    "text": "shares Note 8."
}
{
    "_id": "PG20231059",
    "title": "",
    "text": "Diluted calculated Procter & Gamble."
}
{
    "_id": "PG20231062",
    "title": "",
    "text": "Company two compensation programs stock option performance managers directors."
}
{
    "_id": "PG20231063",
    "title": "",
    "text": "managers stock options RSUs. options vest three years 10-year life. market shares. RSUs settle stock three years grant."
}
{
    "_id": "PG20231064",
    "title": "",
    "text": "executives incentive program PSUs paid shares three-year period goals. Relative Total Shareholder Return modifier shares granted impacted shareholder return."
}
{
    "_id": "PG20231065",
    "title": "",
    "text": "long-term award RSUs non-employee directors minor stock option RSU grants employees terms."
}
{
    "_id": "PG20231066",
    "title": "",
    "text": "Company share compensation plan approved 2019. 150 million shares stock 96 million."
}
{
    "_id": "PG20231067",
    "title": "",
    "text": "Company recognizes share-based compensation expense fair value awards grant. recognized straight service period. Awards employees retirement recognized compensation expense grant date through. expense Cost products Consolidated Statement Earnings estimate forfeitures historical data."
}
{
    "_id": "PG20231068",
    "title": "",
    "text": "millions share specified."
}
{
    "_id": "PG20231075",
    "title": "",
    "text": "expense tax benefit years June 30 Stock options RSUs PSUs share expense Income tax benefit"
}
{
    "_id": "PG20231082",
    "title": "",
    "text": "utilize standard lattice valuation model value stock options. Assumptions evaluated revised reflect market conditions Fiscal years June 30 Interest rate. Weighted average interest rate. Dividend yield. Expected volatility Expected life years."
}
{
    "_id": "PG20231083",
    "title": "",
    "text": "Lattice option valuation models assumptions disclosed table. Expected volatilities based historical stock implied volatilities options. historical data option exercise employee termination patterns. expected life options average. interest rate based U. S. Treasury yield curve."
}
{
    "_id": "PG20231084",
    "title": "",
    "text": "Monte-Carlo simulation model performance stock units. Assumptions stock options."
}
{
    "_id": "PG20231092",
    "title": "",
    "text": "summary options June 30, 2023 activity Exercise Price Contractual Life Years Value July 1, 2022. Granted. Exercised. Forfeited/expired. June 30, 2023,205. Exercisable,336.,291"
}
{
    "_id": "PG20231099",
    "title": "",
    "text": "table stock options Fiscal years June 30 grant-date value options. 58. 55. 94 value options exercised Grant-date Cash,189 tax benefit"
}
{
    "_id": "PG20231100",
    "title": "",
    "text": "June 30 2023 $159 compensation cost option grants. 6 years."
}
{
    "_id": "PG20231101",
    "title": "",
    "text": "millions share specified."
}
{
    "_id": "PG20231110",
    "title": "",
    "text": "summary non-vested RSUs PSUs June 30, 2023 activity awards Grant Date Value Non-vested July 1, 2022. 94 Granted. 21 Vested. Forfeited. 68 Non-vested June 30 2023,172. 94."
}
{
    "_id": "PG20231111",
    "title": "",
    "text": "June 30 2023 $218 compensation cost PSUs. 7 years. $220 $248 $266 2023 2022 2021."
}
{
    "_id": "PG20231112",
    "title": "",
    "text": "Company settles equity treasury shares. policy repurchase shares impact options RSUs PSUs. discretionary purchases impacts."
}
{
    "_id": "PG20231115",
    "title": "",
    "text": "benefits employees."
}
{
    "_id": "PG20231117",
    "title": "",
    "text": "contribution plans. countries. funded. salaries years service. global contribution expense $392 $366 $340 2023 2022 2021."
}
{
    "_id": "PG20231118",
    "title": "",
    "text": "primary. plan. majority expense. contribution rate set annually. contributions 13% wages salaries 2023 14% 2022 2021."
}
{
    "_id": "PG20231119",
    "title": "",
    "text": "maintain Procter Gamble Profit Trust Employee Stock Ownership Plan U. DC plan retiree benefits. Operating details ESOP. ESOP shares cash contribution."
}
{
    "_id": "PG20231121",
    "title": "",
    "text": "offer defined benefit retirement pension plans employees. outside. assumed previous"
}
{
    "_id": "PG20231122",
    "title": "",
    "text": "provide retiree health care. S employees eligible age service requirements. plans cost sharing funded ESOP B shares assets."
}
{
    "_id": "PG20231123",
    "title": "",
    "text": "millions share specified."
}
{
    "_id": "PG20231148",
    "title": "",
    "text": "Funded.reconciliation benefit obligations assets funded status defined benefit plans Benefits Retiree Benefits Fiscal years June 30 CHANGE BENEFIT OBLIGATION,469 Service cost Interest cost Participants contributions Amendments actuarial loss Special termination benefits Currency translation Benefit payments END YEAR,499,933 CHANGE PLAN assets year return assets Employer contributions Participants contributions Currency translation ESOP debt impacts Benefit payments VALUE PLAN ASSETS YEAR#10,173,324 FUNDED STATUS,125,435),391,819"
}
{
    "_id": "PG20231149",
    "title": "",
    "text": ". retirement plans."
}
{
    "_id": "PG20231150",
    "title": "",
    "text": ". postretirement plans."
}
{
    "_id": "PG20231151",
    "title": "",
    "text": "pension benefit plans projected. retiree plans accumulated postretirement."
}
{
    "_id": "PG20231152",
    "title": "",
    "text": "amendment self-insured. retiree health care Medicare Advantage Programs 2022."
}
{
    "_id": "PG20231153",
    "title": "",
    "text": "ESOP debt assets retiree benefits."
}
{
    "_id": "PG20231154",
    "title": "",
    "text": "gain pension plans 2023 discount rates offset inflation increases. benefits discount rates medical claims costs. gain pension plans 2022 discount rates. benefits offset unfavorable medical claim experience."
}
{
    "_id": "PG20231166",
    "title": "",
    "text": "underfunding pension benefits funding incentives outside U. S. no legal requirements incentives pre-fund pension obligations. benefit payments paid Company cash. Benefits Retiree Benefits June 30 NET RECOGNIZED Noncurrent assets,119 Current liabilities Noncurrent liabilities,116 NET AMOUNT RECOGNIZED,125,391,819 Net actuarial loss,160 Prior service cost AMOUNTS RECOGNIZED AOCI"
}
{
    "_id": "PG20231167",
    "title": "",
    "text": "millions share specified."
}
{
    "_id": "PG20231179",
    "title": "",
    "text": "accumulated benefit obligation defined benefit pension plans future salary increases $11. 8 billion $11. 9 billion June 30 2023 2022. funded status pension retiree benefits June 30 PLANS PROJECTED BENEFIT OBLIGATION EXCESS ACCUMULATED BENEFIT OBLIGATION,191 RETIREE BENEFIT PLANS obligation#818 value assets"
}
{
    "_id": "PG20231202",
    "title": "",
    "text": "Periodic.net benefit cost Benefits Retiree Benefits Fiscal years June 30 PERIODIC BENEFIT COST Service cost Interest cost return plan assets Amortization net actuarial loss service cost actuarial loss settlements Special termination benefits BENEFIT COST Dividends ESOP stock PERIODIC BENEFIT COST PLAN ASSETS BENEFIT OBLIGATIONS Net actuarial loss(gain current year,150Prior service cost year net actuarial loss prior service net loss settlements Currency translation TOTAL CHANGE AOCI,991)(1,025) PERIODIC BENEFIT COST AOCI(2,805))(1,499)"
}
{
    "_id": "PG20231203",
    "title": "",
    "text": "service cost Consolidated Statements Earnings products sold SG&A. other components non-operating income unless."
}
{
    "_id": "PG20231204",
    "title": "",
    "text": "millions share specified."
}
{
    "_id": "PG20231214",
    "title": "",
    "text": ". determine actuarial assumptions annual. cost retirement benefits. average assumptions benefit obligations Consolidated Balance Sheets June 30 2023 2022 Benefits Retiree Benefits Discount rate. compensation increase. Interest crediting rate cash balance plans. Health care cost trend rates next year. health care cost trend rate decline trend. ultimate trend rate"
}
{
    "_id": "PG20231215",
    "title": "",
    "text": "fiscal year."
}
{
    "_id": "PG20231222",
    "title": "",
    "text": "weighted average assumptions net benefit cost Consolidated Statement Earnings fiscal years ended June 30 Retiree Fiscal years ended June 30#2023 Discount rate. Expected return plan assets. Rate compensation increase./A Interest crediting rate cash balance plans."
}
{
    "_id": "PG20231223",
    "title": "",
    "text": "fiscal year."
}
{
    "_id": "PG20231224",
    "title": "",
    "text": "Company calculates benefit obligation impacts service interest costs rates bond yield curve. remaining plans average discount rate bond yield curve."
}
{
    "_id": "PG20231225",
    "title": "",
    "text": "factors long-term return assets. defined benefit retirement plans historical equity bond indices projected consultants. expected rates 8 - equities 3 - 5% bonds. other plans assets Company stock. based return 8. 5% historical pattern."
}
{
    "_id": "PG20231226",
    "title": "",
    "text": "Assets. investment objective benefit retirement benefit obligations self-sufficiency. strategies focus asset diversification liquidity balance return risk. Target asset allocations determined risks future liabilities benefit payments long return volatility correlations. assets diversified investment managers invested liquid funds market equity bond indices. risk controlled rebalanced allocations monitoring performance."
}
{
    "_id": "PG20231234",
    "title": "",
    "text": "target asset allocation fiscal year June 30 2023 actual asset allocation asset category June 30 2023 2022 Asset Allocation Asset Allocation June 30 Retiree Benefits Asset Cash Debt securities Equity securities TOTAL"
}
{
    "_id": "PG20231235",
    "title": "",
    "text": "table fair value Company assets June 30 2023 2022 segregated level Note 9."
}
{
    "_id": "PG20231236",
    "title": "",
    "text": "millions share specified."
}
{
    "_id": "PG20231249",
    "title": "",
    "text": "Investments valued net asset value not fair value hierarchy managers supported unit prices purchase sale transactions. Retiree Benefits June 30 Value Hierarchy ASSETS Cash equivalents common preferred stock,340 Fixed income securities,190 Insurance contracts ASSETS FAIR VALUE,337,237 Investments net value,037 TOTAL ASSETS FAIR VALUE,374,324"
}
{
    "_id": "PG20231250",
    "title": "",
    "text": "preferred stock valued net ESOP debt."
}
{
    "_id": "PG20231251",
    "title": "",
    "text": "income securities estimated pricing models."
}
{
    "_id": "PG20231252",
    "title": "",
    "text": "insurance contracts cash equivalent future cash inputs credit risk interest rate curves. activity Level 3 assets years."
}
{
    "_id": "PG20231253",
    "title": "",
    "text": "valued asset equity fixed income funds."
}
{
    "_id": "PG20231254",
    "title": "",
    "text": "Cash Flows. cash contributions defined benefit retirement fiscal year June 30 2024 $206 $52. contributions market value conditions. business investment opportunities cash requirements. funding differ estimates."
}
{
    "_id": "PG20231263",
    "title": "",
    "text": "benefit payments assets plans years June Retiree Benefits BENEFIT 2024 2025 2026 2027 2028 2029 2033,800"
}
{
    "_id": "PG20231265",
    "title": "",
    "text": "maintain ESOP employee benefits."
}
{
    "_id": "PG20231266",
    "title": "",
    "text": "ESOP borrowed $1. billion 1989 Convertible Stock. DC plan. paid dividends advances. original borrowing $1. billion repaid advances $8 outstanding June 30 2023. share convertible common stock. $3. 68 share. liquidation $6. 82 share."
}
{
    "_id": "PG20231267",
    "title": "",
    "text": "1991 ESOP borrowed $1. billion. ESOP Convertible Preferred Stock retiree health care benefits. borrowings $1. billion repaid 2021. dividends advances $814 outstanding June 30 2023. convertible common stock. $3. 68 share. liquidation value $12. 96 per share."
}
{
    "_id": "PG20231268",
    "title": "",
    "text": "millions share specified."
}
{
    "_id": "PG20231270",
    "title": "",
    "text": "ESOP accounting practices consistent continuation. ESOP debt guaranteed recorded offset Reserve ESOP debt retirement Shareholders' equity. Advances increase Reserve. Interest expense. Dividends shares charged earnings."
}
{
    "_id": "PG20231278",
    "title": "",
    "text": "series A B shares ESOP allocated employees debt service. June 30,449,901#27,759 Unallocated,123 A,024,172,719,203 Unallocated,867,120,349 B,839,552"
}
{
    "_id": "PG20231279",
    "title": "",
    "text": "diluted earnings preferred shares ESOP converted."
}
{
    "_id": "PG20231282",
    "title": "",
    "text": "multinational company exposed market risks interest currency commodity prices. evaluate exposure correlation netting. volatility financial transactions derivative instruments hedging. governed policies counterparty exposure instrument types hedging practices."
}
{
    "_id": "PG20231283",
    "title": "",
    "text": "Company meets accounting criteria management designates instruments cash flow fair value net investment. record instruments fair value accounting depends use designation effectiveness risk. high effectiveness hedged hedging instrument."
}
{
    "_id": "PG20231285",
    "title": "",
    "text": "counterparty credit guidelines transactions investment institutions. exposures monitored reviewed timely. incurred credit losses risk management instruments."
}
{
    "_id": "PG20231286",
    "title": "",
    "text": "Company financial instruments hedging governed netting collateral agreements. credit rating counterparties demand collateralization termination. value instruments net liability $1,088 $219 as June 30 2023 2022. collateral."
}
{
    "_id": "PG20231288",
    "title": "",
    "text": "policy interest cost fixed variable debt. interest rate swaps exchange counterparty difference fixed variable interest notional amount."
}
{
    "_id": "PG20231289",
    "title": "",
    "text": "designate interest rate swaps fixed rate debt fair value hedges. changes recognized earnings."
}
{
    "_id": "PG20231291",
    "title": "",
    "text": "manufacture sell products finance operations countries. exposed foreign currency exchange rates. leverage portfolio hedge. enter foreign currency contracts hedge items. change value exposure recognized earnings."
}
{
    "_id": "PG20231292",
    "title": "",
    "text": "millions share specified."
}
{
    "_id": "PG20231294",
    "title": "",
    "text": "exchange rate risk forward contracts currency swaps. change value recognized earnings foreign currency impact."
}
{
    "_id": "PG20231296",
    "title": "",
    "text": "hedge net investment positions foreign subsidiaries. borrow debt hedge enter currency swaps hedges. time value hedge swaps excluded from hedge effectiveness. Changes fair value swap recognized in OCI offset investment hedged. time value reported in income."
}
{
    "_id": "PG20231298",
    "title": "",
    "text": "raw materials price volatility weather supply political economic variables. 2023 2022 financial commodity hedging activity."
}
{
    "_id": "PG20231300",
    "title": "",
    "text": "self-insure risks. purchase Directors Officers law contract."
}
{
    "_id": "PG20231305",
    "title": "",
    "text": "Accounting fair value 1: Quoted market prices active markets. 2: Observable market-based inputs corroborated data. 3: Unobservable inputs assumptions inputs inactive markets."
}
{
    "_id": "PG20231306",
    "title": "",
    "text": "Company no activity Level 3 assets liabilities. value principles maximize quoted market prices minimize unobservable inputs. changed valuation techniques assets."
}
{
    "_id": "PG20231307",
    "title": "",
    "text": "market quotes valuation models. project future cash flows discount amounts present value inputs credit risk interest rate curves prices. management judgment fair value."
}
{
    "_id": "PG20231309",
    "title": "",
    "text": "Cash equivalents $6. billion. billion June 30 2023 2022 Level 1 value. investments."
}
{
    "_id": "PG20231310",
    "title": "",
    "text": "value long-term debt $26. 9 billion $25. 7 billion June 2023 2022.$3. 9 billion $3. 6 billion 2022. fair value. amortized cost measured fair value. Level 2 fair value hierarchy. prices."
}
{
    "_id": "PG20231311",
    "title": "",
    "text": "millions share specified."
}
{
    "_id": "PG20231324",
    "title": "",
    "text": "notional amounts fair values financial instruments hedging transactions June 30 2023 2022 Amount Value Asset June FAIR VALUE HEDGING RELATIONSHIPS Interest rate contracts,044 INVESTMENT HEDGING RELATIONSHIPS Foreign currency interest rate contracts,005 TOTAL HEDGING INSTRUMENTS,049,915 NOT HEDGING Foreign currency contracts TOTAL FAIR VALUE,538,118"
}
{
    "_id": "PG20231325",
    "title": "",
    "text": "interest rate offsets hedging adjustment debt obligation. unamortized discount adjustment $3. 6 billion $4. 7 billion June 30, 2023 2022. debt instruments net. carrying value currency gain loss $11. 8 billion $11. 2 billion June 30 2023 2022. increase balance driven favorable interest rate spreads foreign currency swap market. decrease balance currency contracts not reflects intercompany financing activity."
}
{
    "_id": "PG20231326",
    "title": "",
    "text": "assets Prepaid expenses current noncurrent. liabilities Accrued. Changes fair value investment hedges Foreign currency translation income. derivative assets liabilities Level 2."
}
{
    "_id": "PG20231331",
    "title": "",
    "text": "gains instruments hedging categorized OCI Fiscal years June 30 INVESTMENT HEDGING RELATIONSHIPS Foreign currency contracts"
}
{
    "_id": "PG20231332",
    "title": "",
    "text": "derivatives gain excluded recognized earnings $238 $73 years 2023 2022."
}
{
    "_id": "PG20231339",
    "title": "",
    "text": "foreign currency derivative contracts debt instruments net investment hedges. gain/(loss AOCI $(315) $1,639 fiscal years 2023 2022. Gain years VALUE HEDGING Interest rate contracts NOT HEDGING Foreign currency contracts"
}
{
    "_id": "PG20231340",
    "title": "",
    "text": "loss derivatives hedging offset mark-to-market. recognized Consolidated Statement Earnings Interest. loss derivatives not offset currency mark-to-market. recognized Statements Earnings."
}
{
    "_id": "PG20231341",
    "title": "",
    "text": "millions share specified."
}
{
    "_id": "PG20231351",
    "title": "",
    "text": "June 30 DUE long-term debt,647 Commercial paper,236 Other TOTAL,229,645 interest rate debt year."
}
{
    "_id": "PG20231386",
    "title": "",
    "text": "average interest rate debt swaps Note 9. June 30-TERM. 10% USD August 2023. 13% November 2023. 50% October 2024. 63%. 55% October 2025. 10% January 2026. 70% February. April. 25% August 2026. 45% November 2026. 90% February 2027. 80% March 2027. 88% May 2027. 85% August 2027. 95% January 2028. 20% October. 25% October. March 2030. 35% EUR May. 20% October 2030. 95% USD April. 25% EUR August. 30% February. January. 55% March.88% EUR October 2038. 55% USD March 2040. 90% EUR November 2041 long-term debt,196,647,378,848 interest."
}
{
    "_id": "PG20231387",
    "title": "",
    "text": "rate-term debt swaps Note 9."
}
{
    "_id": "PG20231388",
    "title": "",
    "text": "millions share specified."
}
{
    "_id": "PG20231392",
    "title": "",
    "text": "debt maturities June 30 maturities$3,951$1,954$3,364,368$1,380"
}
{
    "_id": "PG20231408",
    "title": "",
    "text": "table presents changes income Procter & Gamble reclassifications Securities-retirement Benefit Currency Translation AOCI BALANCE JUNE 30, 2021,744 OCI before reclassifications reclassified Consolidated Statement Earnings Less OCI non-controlling interests BALANCE JUNE 30, 2022 OCI before reclassifications reclassified Consolidated Statement Earnings Less OCI non-controlling interests BALANCE JUNE 30, 2023"
}
{
    "_id": "PG20231409",
    "title": "",
    "text": "tax $1 $953 $515 investment securities postretirement benefit plans foreign currency June 30 2022."
}
{
    "_id": "PG20231410",
    "title": "",
    "text": "tax postretirement benefit plans foreign currency translation June 30 2022."
}
{
    "_id": "PG20231411",
    "title": "",
    "text": "tax $(2) $1 $(197) gains securities postretirement benefit plans foreign currency June 30 2023."
}
{
    "_id": "PG20231412",
    "title": "",
    "text": "tax postretirement benefit plans foreign currency translation June 30 2023."
}
{
    "_id": "PG20231415",
    "title": "",
    "text": "details reclassified AOCI Consolidated Statement Earnings securities reclassified non-operating income. benefit plans income postretirement costs."
}
{
    "_id": "PG20231418",
    "title": "",
    "text": "Company determines contract lease control property equipment. lease real estate machinery equipment vehicles office equipment varying periods. leases include option renew or terminate. options included term. incremental borrowing rate based on commencement. lease agreements guarantees restrictive covenants. material finance leases sublease activities. Short-term leases not reflected Consolidated Balance Sheets. Lease expense not material. significant assets real estate vehicles. liabilities lease non-lease components."
}
{
    "_id": "PG20231419",
    "title": "",
    "text": "millions share specified."
}
{
    "_id": "PG20231425",
    "title": "",
    "text": "lease cost years 2023 2022 2021 lease cost#229#220#245 Variable lease cost Total lease cost#308#309#320"
}
{
    "_id": "PG20231426",
    "title": "",
    "text": "utilities maintenance property taxes operating costs leases not liability recognized period."
}
{
    "_id": "PG20231437",
    "title": "",
    "text": "balance sheet leases June 30 Operating leases Right-of-use assets Current lease liabilities Noncurrent lease liabilities operating lease liabilities lease term. 2 years. 4 years discount rate."
}
{
    "_id": "PG20231449",
    "title": "",
    "text": "June 30 2023 payments lease 30 2 3 4 5 years 5 lease payments Interest lease liabilities"
}
{
    "_id": "PG20231450",
    "title": "",
    "text": "cash lease liabilities $233 $228 years 2023 2022."
}
{
    "_id": "PG20231451",
    "title": "",
    "text": "right-use assets liabilities $213 $217 2023 2022."
}
{
    "_id": "PG20231455",
    "title": "",
    "text": "transactions divestitures provide routine indemnifications. representations warranties retention environmental tax employee liabilities terms range not defined. maximum obligation not stated overall amount estimated. made significant payments for. loss effect financial position results operations cash flows."
}
{
    "_id": "PG20231456",
    "title": "",
    "text": "millions share specified."
}
{
    "_id": "PG20231458",
    "title": "",
    "text": "guarantee loans suppliers customers. guarantees."
}
{
    "_id": "PG20231460",
    "title": "",
    "text": "off-balance sheet financing variable financial statements."
}
{
    "_id": "PG20231464",
    "title": "",
    "text": "purchase commitments materials supplies services property equipment business. Commitments take-pay Fiscal years June 30 Purchase obligations,169"
}
{
    "_id": "PG20231465",
    "title": "",
    "text": "amounts represent minimum commitments expected usage. include purchase commitments contracts information technology human resources facilities outsourced suppliers. proprietary contracts penalty early termination. penalty financial position cash flows."
}
{
    "_id": "PG20231467",
    "title": "",
    "text": "subject to legal proceedings antitrust trade regulation product liability advertising contracts environmental patent trademark labor employment tax. uncertainty resolution lawsuits affect financial cash flows."
}
{
    "_id": "PG20231468",
    "title": "",
    "text": "subject to contingencies environmental laws regulations effects manufacturing waste. ultimate resolution environmental remediation affect financial position cash flows."
}
{
    "_id": "PG20231469",
    "title": "",
    "text": "Disagreements Financial Disclosure"
}
{
    "_id": "PG20231470",
    "title": "",
    "text": "."
}
{
    "_id": "PG20231472",
    "title": "",
    "text": "Controls."
}
{
    "_id": "PG20231473",
    "title": "",
    "text": "Chairman Jon R. Moeller Andre Schulten disclosure Rules 13a-15 15d-15 Securities Exchange Act 1934 Annual Report Form 10-K."
}
{
    "_id": "PG20231474",
    "title": "",
    "text": ". Moeller Schulten concluded Company disclosure controls information reports Exchange Act recorded processed summarized reported Securities Exchange Commission rules accumulated communicated management. decisions."
}
{
    "_id": "PG20231475",
    "title": "",
    "text": "Control Financial."
}
{
    "_id": "PG20231476",
    "title": "",
    "text": "incorporated Report Financial Reporting Accounting Firm Item 8 Form 10-K."
}
{
    "_id": "PG20231477",
    "title": "",
    "text": "Financial Reporting."
}
{
    "_id": "PG20231478",
    "title": "",
    "text": "no changes in control over financial reporting during Company fourth fiscal quarter."
}
{
    "_id": "PG20231480",
    "title": "",
    "text": "."
}
{
    "_id": "PG20231482",
    "title": "",
    "text": "."
}
{
    "_id": "PG20231483",
    "title": "",
    "text": "millions share specified."
}
{
    "_id": "PG20231486",
    "title": "",
    "text": "Board Directors determined Audit financial experts SEC. Woertz. Christine. McCarthy."
}
{
    "_id": "PG20231487",
    "title": "",
    "text": "information 2023 Proxy Statement Regulation 14A 120 days after June 30 2023 Election Directors Board Meetings Committees Code Ethics Shareholder Recommendations Nominations Director Candidates. Instruction 401 Regulation S-K Executive Officers Registrant Part I."
}
{
    "_id": "PG20231489",
    "title": "",
    "text": "2023 Proxy Statement Regulation 14A 120 days June 30 2023 Corporate Governance Board Meetings Committees Compensation Committee Participation Risk Oversight Compensation Director Compensation Pay Versus Performance."
}
{
    "_id": "PG20231490",
    "title": "",
    "text": "Ownership Stockholder Matters"
}
{
    "_id": "PG20231496",
    "title": "",
    "text": "table Company's common stock issued options warrants rights equity compensation plans as June 30, 2023. includes plans 1992 2001 2003 2009 2014 2019. Category Number securities issued options warrants rights average exercise price Number securities future issuance plans approved Stock Options/Stock Appreciation Rights#121,226,313$104. 1900 Restricted Stock Units/Performance Stock Units#6,430,184#/A TOTAL,656,497$104. 1900"
}
{
    "_id": "PG20231497",
    "title": "",
    "text": "Procter & Gamble 2019 Stock Incentive Compensation Plan future grants. maximum 187 million. Stock options appreciation rights one-for-one full value awards five. shares 96 million."
}
{
    "_id": "PG20231498",
    "title": "",
    "text": "average price options."
}
{
    "_id": "PG20231499",
    "title": "",
    "text": "2023 Proxy Statement Regulation 14A 120 June 30 2023 Beneficial Ownership Security Ownership Management Beneficial Owners."
}
{
    "_id": "PG20231501",
    "title": "",
    "text": "2023 Proxy Statement Regulation 14A 120 days June 30 2023 Corporate Governance Director Independence Review Approval Transactions."
}
{
    "_id": "PG20231503",
    "title": "",
    "text": "information 2023 Proxy Statement Regulation 14A 120 days June 30 2023 Report Audit Committee Services Deloitte."
}
{
    "_id": "PG20231506",
    "title": "",
    "text": ". Statements"
}
{
    "_id": "PG20231516",
    "title": "",
    "text": "Consolidated Financial Statements Procter & Gamble Company subsidiaries management's report independent accounting firm Part II Item 8 Form 10-K.'s Report Control Independent Public Accounting Firm 34 Independent Accounting Firm Earnings years 2023 2022 2021 Comprehensive Income Balance Sheets June 30 2023 2022 Shareholders' Equity Cash Flows Financial Statements"
}
{
    "_id": "PG20231517",
    "title": "",
    "text": ". Statement"
}
{
    "_id": "PG20231518",
    "title": "",
    "text": "schedules omitted conditions information Consolidated Financial Statements Notes."
}
{
    "_id": "PG20231532",
    "title": "",
    "text": "Exhibit (3-1) Articles Incorporation October 11 2011 consolidated Board April 8, 2016) Annual Report 10-K June 30. approved Board December 13, 2022 shareholders October 13, 2009). (4-1) September 3, 2009, Company Deutsche Bank Trust Americas Trustee Annual Report June. Company agrees furnish Securities Exchange Commission instrument rights long-term debt. (4-3 Common Stock Annual. 0. 625% Notes due 2024 1. 200% Notes 2028 1. 875% due 2038. 4. 875% EUR notes due May 2027 6. 250% GBP notes January 2030 5. 250% GBP January 2033 Exhibit (4-5). (4-6 0. 500% Notes due 2024 1.250% Notes due 2029 Exhibit (4-6) Annual 10-K June 30 2019. (4-7. 375% Notes 2025. 800% 2029 (4-7. (4-8. 125% Notes due 2023 Exhibit (4-8). (4-9. 350% EUR Notes 2030. 900% EUR Notes 2041 Exhibit (4-10). 110% Yen Notes 2026. 230% Yen Notes 2031 Exhibit (4-11. 3. 250% Notes 2026. 250% Notes 2031."
}
{
    "_id": "PG20231556",
    "title": "",
    "text": "(10-1) Procter & Gamble 2001 Stock Incentive Compensation Plan adopted October 9, 2001 June 30, 2018). (10-2) terms conditions quarter December 31, 2013). (10-3 Procter & Gamble 1992 Stock Plan amended December 11, adopted October 12, 1992 June 30 2018). (10-4 Procter & Gamble Executive Group Life Insurance Policy June 30,. (10-5 Retirement Plan Restoration Program quarter December 31, 2019. (10-6 Plan Restoration Program Terms Conditions. (10-7 Long-Term Incentive Program quarter September 30, 2020. (10-8 quarter September 30, 2021. (10-9 Procter & Gamble Company Executive Deferred Compensation Plan quarter March 31, 2020.(10-10 Short Term Achievement Reward Program 10-Q quarter December 31, 2022. (10-11 Reward Exhibit (10-2) 10-Q quarter September 30 2021. (10-12 Separation Agreement (10-12 June 30, 2022. Separation Letter Release quarter March 31, 2023. (10-14 personal benefits officers directors (10-5 quarter September 30, 2021. (10-15 Gillette Company Deferred Compensation Plan (10-18 June 30. (10-16 Executive Recoupment Policy Exhibit (10-19 June 30. Deferred Compensation Plan salary deferrals January 1 2005 August 21, 2006 Exhibit (10-20 June 30,.(10-18 Procter & Gamble 2009 Stock Compensation Plan adopted 2009 Exhibit (10-21 Report 10-K June 30. (10-19 Compensation Leadership Development Committee 2009 2001 1992 2004 Incentive Plan 1971 Stock Option Plan Exhibit (10-21 Report June 30. (10-20 Gamble 2009 Compensation Plan Additional terms conditions Exhibit (10-2) 10-Q December 31,. (10-21 Procter Gamble Performance Stock Program Summary (10-5 September 30 2020. (10-4 September 30 2021. (10-23 Procter & Gamble 2013 Non-Employee Directors' Stock Plan (10-3 December 31,."
}
{
    "_id": "PG20231577",
    "title": "",
    "text": "(10-24 Procter & Gamble 2014 Stock Incentive Compensation Plan adopted October 14 2014 Exhibit (10-25 Annual Report 10-K June 30. Compensation Leadership Development Committee Procter Gamble 2019 Exhibit (10-1) Form 10-Q December 31, 2019. Gamble 2014 Plan Additional terms conditions-26) Annual Report 10-K June 30.-27) Procter Gamble 2019 Plan adopted October 8 2019 (10-1) Form 8-K October 11 2019.-28) 2019 Additional terms conditions (10-28) Annual Report 10-K June 30, 2021. (21) Registrant. (23) Accounting Firm. (31) 13a-14 Certifications. 1350. Directors Officers Insurance Program.XBRL Taxonomy Extension Calculation 101. Definition. Label. Presentation Data File XBRL Exhibit 101 Rule 406T Regulation S-T data files not filed registration Sections 11 12 Securities Act 1933 18 Securities Exchange Act 1934 not liability. plan."
}
{
    "_id": "PG20231579",
    "title": "",
    "text": "."
}
{
    "_id": "PG20231586",
    "title": "",
    "text": "Section 13 Securities Exchange Act 1934 registrant report Cincinnati Ohio. PROCTER COMPANY JON. MOELLER. Chairman President Chief Executive Officer 04 2023"
}
{
    "_id": "PG20231602",
    "title": "",
    "text": "Securities Exchange Act 1934 report signed capacities dates. Signature JON R. MOELLER.#Chairman Board President Chief Executive Officer 04 2023 ANDRE SCHULTEN Financial Officer MATTHEW W. JANZARUK. Vice President Chief Accounting Officer B. MARC ALLEN. SHEILA ANGELA F. BRALY. AMY L. CHANG. JOSEPH JIMENEZ CHRISTOPHER J. KEMPCZINSKI. DEBRA L. LEE. TERRY J. LUNDGREN. CHRISTINE M. MCCARTHY. ROBERT J. PORTMAN. SUBRAMANIAM PATRICIA A. WOERTZ."
}
{
    "_id": "TSLA20230004",
    "title": "",
    "text": "design develop manufacture sell lease electric vehicles storage offer services. sell directly grow infrastructure global showrooms service centers Mobile Service body shops Supercharger stations Destination Chargers adoption. emphasize performance styling safety self-driving technology. lower cost ownership manufacturing financial services."
}
{
    "_id": "TSLA20230005",
    "title": "",
    "text": "accelerate transition sustainable energy. engineering expertise business model user experience."
}
{
    "_id": "TSLA20230007",
    "title": "",
    "text": "segments automotive energy storage."
}
{
    "_id": "TSLA20230008",
    "title": "",
    "text": "automotive segment sales leasing electric vehicles regulatory credits. used vehicles non-warranty-sales services body shop parts Supercharging insurance retail merchandise. energy generation storage segment leasing solar incentives."
}
{
    "_id": "TSLA20230011",
    "title": "",
    "text": "manufacture five vehicles Model 3 Y S X Cybertruck. 3 four-door mid-size sedan price mass-market. Y seven adults. S four-door full-size sedan X mid-size SUV seven. highest performance longest ranges. 2023 Cybertruck full-size electric truck stainless steel exterior utility strength speed sports."
}
{
    "_id": "TSLA20230012",
    "title": "",
    "text": "2022 began production Tesla Semi. planned vehicles markets leveraging Full Self-Driving battery technologies."
}
{
    "_id": "TSLA20230015",
    "title": "",
    "text": "Powerwall Megapack lithium-ion battery energy storage. Powerwall energy home commercial facility. Megapack storage commercial industrial utility energy generation customers installations."
}
{
    "_id": "TSLA20230017",
    "title": "",
    "text": "software controlling dispatching energy storage systems markets real-time control platforms."
}
{
    "_id": "TSLA20230019",
    "title": "",
    "text": "sell solar systems customers channel partners power purchase. purchase components sources competitive pricing adequate supply. design manufacture components."
}
{
    "_id": "TSLA20230020",
    "title": "",
    "text": "sell Solar Roof glass tiles energy generation. improve installation capability efficiency developers builders homes."
}
{
    "_id": "TSLA20230024",
    "title": "",
    "text": "competencies powertrain engineering manufacturing electric powertrain. designed powertrain systems adaptable efficient reliable cost-effective automotive. offer dual motor powertrain three motors performance Model S X Cybertruck Tesla Semi."
}
{
    "_id": "TSLA20230025",
    "title": "",
    "text": "testing R&D battery cells knowledge lithium-ion cell chemistry performance characteristics. costs developed lithium-ion battery cell improved manufacturing."
}
{
    "_id": "TSLA20230027",
    "title": "",
    "text": "performance safety battery packs utilize software. optimize performance behavior charging infotainment functions. develop software update over-air updates."
}
{
    "_id": "TSLA20230029",
    "title": "",
    "text": "expertise developing technologies self-driving vehicles vision. FSD Computer runs neural networks developing hardware field data networks-world performance."
}
{
    "_id": "TSLA20230030",
    "title": "",
    "text": "offer advanced driver assist systems Autopilot FSD options. driver systems provide safety convenience drivers tedious dangerous road travel airplane pilots. improve functions-air updates."
}
{
    "_id": "TSLA20230031",
    "title": "",
    "text": "establish autonomous Tesla ride-hailing network access new customer base."
}
{
    "_id": "TSLA20230033",
    "title": "",
    "text": "applying intelligence self-driving robotics Optimus humanoid controlled AI system."
}
{
    "_id": "TSLA20230036",
    "title": "",
    "text": "leverage technologies vehicles energy storage products. modular approach manufacturing capacity. expertise power electronics interconnect power injection absorption. developed software control dispatch."
}
{
    "_id": "TSLA20230038",
    "title": "",
    "text": "engineered Solar Roof aesthetic appeal durability power generation. efficiency inverter electronics. Powerwall."
}
{
    "_id": "TSLA20230041",
    "title": "",
    "text": "established in-house capabilities electric vehicles components. computer-aided design durability strength crash simulations development time. achieved stamping casting thermal systems batteries manufacturability weight range cost."
}
{
    "_id": "TSLA20230042",
    "title": "",
    "text": "expanding manufacturing designs production markets country-specific demands factory optimizations local workforces. capabilities automation die-making line-building simulations construction."
}
{
    "_id": "TSLA20230044",
    "title": "",
    "text": "expertise electrical mechanical civil software engineering energy storage residential utility. modular design Megapack utility battery assembly. customize energy storage solar systems Solar Roof."
}
{
    "_id": "TSLA20230046",
    "title": "",
    "text": "sales without low marketing costs. monitor public narrative brand tailor marketing education advertising."
}
{
    "_id": "TSLA20230049",
    "title": "",
    "text": "vehicle sales channels include website international stores. some jurisdictions galleries transact sale. infrastructure control costs warranty service electric vehicles affordable Tesla brand rapid feedback."
}
{
    "_id": "TSLA20230051",
    "title": "",
    "text": "reevaluate sales strategy globally location-by-location optimize sales channels. sales vehicles cyclical expose volatility."
}
{
    "_id": "TSLA20230053",
    "title": "",
    "text": "used vehicle business supports new sales trade-in with sale new. vehicles remarketed third parties. remarket used Tesla vehicles lease returns."
}
{
    "_id": "TSLA20230055",
    "title": "",
    "text": "growing global network Tesla Superchargers high-speed. co-locate solar storage costs renewable power. stations routes city centers quick charging. fee free sales programs. November 2021 Supercharger access non-Tesla vehicles sustainable energy November 2022 North American Charging Standard (NACS). electric vehicles charging stations interoperate charging easier efficient. major automotive companies NACS access Supercharger network 2024 production NACS 2025. engaged SAE International NACS standard J3400. monitor network Tesla Superchargers future demand."
}
{
    "_id": "TSLA20230056",
    "title": "",
    "text": "work hospitality retail destinations businesses commuting employees charging options single-family multi-family charging."
}
{
    "_id": "TSLA20230058",
    "title": "",
    "text": "vehicles updated remotely customers purchase paid options Tesla app in-vehicle interface. functionality options features subscription."
}
{
    "_id": "TSLA20230060",
    "title": "",
    "text": "market sell solar storage products residential commercial industrial website stores galleries partners PPA transactions. emphasize simplicity standardization accessibility clean energy acquisition costs."
}
{
    "_id": "TSLA20230064",
    "title": "",
    "text": "provide service electric vehicles locations Tesla Mobile Service technicians remotely. problems solutions faster manufacturers dealer networks. connectivity problems remotely."
}
{
    "_id": "TSLA20230067",
    "title": "",
    "text": "provide manufacturer’s warranty Tesla vehicles components damage battery retention. offer extended service plans coverage beyond warranties regions."
}
{
    "_id": "TSLA20230069",
    "title": "",
    "text": "provide service repairs energy customers warranty. manufacturer’s warranties energy storage extended warranties purchase. limited warranties workmanship."
}
{
    "_id": "TSLA20230070",
    "title": "",
    "text": "retrofit solar systems warranties workmanship roof leaks defects weatherization. components warranties."
}
{
    "_id": "TSLA20230071",
    "title": "",
    "text": "solar storage contracts performance guarantees system minimum energy generation performance requirements contract."
}
{
    "_id": "TSLA20230075",
    "title": "",
    "text": "offer leasing loan financing vehicles North America Europe Asia financial institutions. resale value cover resale loss repurchase vehicles values."
}
{
    "_id": "TSLA20230077",
    "title": "",
    "text": "2021 launched insurance product real-time driving rates better promotes safer driving. 12 states plan expand markets decrease cost ownership."
}
{
    "_id": "TSLA20230079",
    "title": "",
    "text": "offer financing options solar customers purchase own solar system Powerwall. solar PPAs charge fee kilowatt-hour electricity."
}
{
    "_id": "TSLA20230081",
    "title": "",
    "text": "manufacturing facilities. Northern California Buffalo New York Austin Texas Reno Nevada. manufacture vehicles battery packs energy storage solar products."
}
{
    "_id": "TSLA20230082",
    "title": "",
    "text": "manufacturing facilities China Germany Berlin affordability reducing transportation manufacturing costs tariffs. March 2023 next Gigafactory Monterrey Mexico. expand production. increase cost-competitiveness adding local manufacturing."
}
{
    "_id": "TSLA20230085",
    "title": "",
    "text": "products use thousands parts hundreds suppliers. developed relationships battery cells electronics vehicle assemblies. components shared product lines pricing efficiencies."
}
{
    "_id": "TSLA20230086",
    "title": "",
    "text": "automotive procured components systems sourced from single suppliers. multiple qualify suppliers minimize production risks disruptions. mitigate risk safety stock die banks lengthy."
}
{
    "_id": "TSLA20230087",
    "title": "",
    "text": "products use materials aluminum steel cobalt lithium nickel copper. Pricing governed market supply. strive execute long-term supply contracts competitive pricing adequate access raw."
}
{
    "_id": "TSLA20230089",
    "title": "",
    "text": "ownership impacted government credits incentives policies. business products subject regulations."
}
{
    "_id": "TSLA20230090",
    "title": "",
    "text": "impacted government programs. Note 2 Accounting Policies consolidated statements Annual Report 10-K."
}
{
    "_id": "TSLA20230093",
    "title": "",
    "text": "August 16 2022 Inflation Reduction Act enacted December 31, 2022. clean energy electric vehicles battery energy storage tax credits. Tesla customers $7,500 tax credits electric vehicles. 2032."
}
{
    "_id": "TSLA20230095",
    "title": "",
    "text": "earn tradable credits zero-emission vehicles greenhouse gas economy clean fuel. sell entities emission standards requirements. recognized automotive statements Annual Report Form 10-K."
}
{
    "_id": "TSLA20230097",
    "title": "",
    "text": "regulatory regime policies incentives financial mechanisms federal state support."
}
{
    "_id": "TSLA20230098",
    "title": "",
    "text": "energy storage systems solar. federal tax credits. Federal Energy Regulatory Commission storage wholesale energy markets. California states procurement targets energy storage qualify California Self Generation Incentive Program. customers benefit. transfer credits contract. energy generation storage revenues consolidated statements Report."
}
{
    "_id": "TSLA20230100",
    "title": "",
    "text": "IRA Sections 48 25D Internal Revenue Code standalone energy storage technology eligible tax credit 6% 50% expenditures regardless source customers. tax credits customers phase-out 2032."
}
{
    "_id": "TSLA20230102",
    "title": "",
    "text": ". policies incentives mechanisms cost adoption. tax credits cash grants abatements rebates."
}
{
    "_id": "TSLA20230103",
    "title": "",
    "text": "IRA Sections 48 48E 25D IRC tax credit 6% 70% commercial expenditures solar energy systems claimed customers or us. tax credits benefit customers phase-out 2032."
}
{
    "_id": "TSLA20230106",
    "title": "",
    "text": "U. vehicles National Highway Traffic Safety Federal Motor Vehicle Safety Standards NHTSA bumper standard. FMVSS crash-worthiness occupant protection. current vehicles comply FMVSS exemptions FMVSS. manufacturer self FMVSS NHTSA bumper standard before imported sold."
}
{
    "_id": "TSLA20230107",
    "title": "",
    "text": "comply federal laws NHTSA Corporate Average Fuel Economy Theft Prevention Act labeling Early Warning Reporting warranty recalls Standing General Order assistance compliance safety recall reporting. Automobile Information Disclosure Act price optional equipment pricing. fuel economy ratings. Department Transportation Environmental Protection New Car Assessment Program ratings NHTSA."
}
{
    "_id": "TSLA20230108",
    "title": "",
    "text": "vehicles sold outside. subject foreign compliance safety regulations. different require redesign retesting. impact new features."
}
{
    "_id": "TSLA20230110",
    "title": "",
    "text": "laws self-driving vehicles evolving restrictions features designs. no federal. regulations NHTSA published guidelines retains authority investigate safety compliance vehicle. U. states have restrictions operation registration licensure self-driving vehicles states considering. regulatory patchwork increases legal complexity."
}
{
    "_id": "TSLA20230111",
    "title": "",
    "text": "markets United Nations Economic Commission Europe requirements restrict design advanced driver-assistance self-driving features use. laws hinder introducing self-driving vehicles."
}
{
    "_id": "TSLA20230113",
    "title": "",
    "text": "markets China self-driving regulation. regulations differ U. S. ECE complexity features."
}
{
    "_id": "TSLA20230115",
    "title": "",
    "text": "U. S. state laws regulate manufacture distribution sale service automobiles require manufacturers dealers sell residents. Certain states laws permit manufacturers restrict warranty repairs. sell vehicles residents conduct sale out state. states opened “galleries” educational sales occur."
}
{
    "_id": "TSLA20230116",
    "title": "",
    "text": "automobile associations challenged legality operations court used processes operate stores expand. lobbied state licensing agencies legislators interpret ownership retail. expect challenges continue intend fight efforts."
}
{
    "_id": "TSLA20230118",
    "title": "",
    "text": "battery packs. international regulations goods lithium-ion batteries risk. conduct testing compliance."
}
{
    "_id": "TSLA20230119",
    "title": "",
    "text": "use lithium-ion cells voltage battery packs vehicles energy storage. use storage disposal regulated subject changes. agreements recycling piloting recycling technology."
}
{
    "_id": "TSLA20230121",
    "title": "",
    "text": "subject state federal regulations solar battery storage providers sellers. interconnection agreements utilities. Sales non-sale equipment leases challenges."
}
{
    "_id": "TSLA20230123",
    "title": "",
    "text": "states U. make net energy metering solar customers. allows systems utility grid electricity purchases bill credit excess energy. regulators utilities reduced eliminated benefit proposed."
}
{
    "_id": "TSLA20230126",
    "title": "",
    "text": "worldwide automotive market competitive expect more competitive future automobile manufacturers companies entered electric vehicle market."
}
{
    "_id": "TSLA20230128",
    "title": "",
    "text": "vehicles compete segment classification propulsion technology. Cybertruck pickup trucks Model S X premium sedans SUVs Model 3 Y small sedans compact SUVs. Competing products internal combustion manufacturers electric alternative fuel vehicles. announcements introductions promote electric market attractiveness. manufacturers electric vehicles U. S. China Europe prospective manufacturers developing. manufacturers offer hybrid vehicles plug-in versions."
}
{
    "_id": "TSLA20230129",
    "title": "",
    "text": "increasing competition vehicle self charging features services expect compete Autopilot FSD neural network Supercharger infotainment."
}
{
    "_id": "TSLA20230132",
    "title": "",
    "text": "market energy storage competitive established emerging companies introduced similar alternatives. compete price energy density efficiency. specifications features brand modular scalable competitive advantage."
}
{
    "_id": "TSLA20230134",
    "title": "",
    "text": "competitors solar energy traditional local utility companies. compete based on price electricity. with products similar. Many install systems others provide financing. believe significant expansion opportunity regulatory environment conducive to renewable energy."
}
{
    "_id": "TSLA20230136",
    "title": "",
    "text": "emphasis on innovative approach proprietary designs value uniqueness product portfolio. protect intellectual property rights patents trademarks copyrights trade secrets confidential information employee nondisclosure agreements contractual arrangements. priority obtaining patents protection operate innovations designs products protect defend product portfolio. adopted patent policy initiate lawsuit infringing patents electric vehicles good faith. platform electric vehicles companies world."
}
{
    "_id": "TSLA20230139",
    "title": "",
    "text": "Tesla transition sustainable energy. carbon emissions energy generation consumption designing manufacturing energy transportation ecosystem. building factory efficient per-unit waste reduction resource consumption water energy usage. enhancing sustainability carbon footprint supply chain."
}
{
    "_id": "TSLA20230141",
    "title": "",
    "text": "committed sourcing responsibly materials suppliers social environmental sustainability responsible sourcing. zero-tolerance policy child forced labor human trafficking Organization Economic Co-operation Development Due Diligence Guidelines feedback. safety worker engagement. incidents per vehicle drop production volumes increase. strive employer choice compelling jobs benefits."
}
{
    "_id": "TSLA20230142",
    "title": "",
    "text": "sound corporate governance critical goals ESG. governance framework oversight affairs business ethics. ESG Sustainability Council presents Board oversees ESG impacts initiatives priorities."
}
{
    "_id": "TSLA20230144",
    "title": "",
    "text": "competitive edge Tesla quality employees. investments workforce strengthening desirable. December 31, 2023 employee headcount 140,473."
}
{
    "_id": "TSLA20230145",
    "title": "",
    "text": "created environment growth two-thirds (65% managers promoted non-manager 43% management employees Tesla five years. growth 35% two years career development sustainable future."
}
{
    "_id": "TSLA20230146",
    "title": "",
    "text": "retain employees ownership Tesla 89% health benefits free counseling parental leave time off zero-premium medical plan first day employment."
}
{
    "_id": "TSLA20230147",
    "title": "",
    "text": "recognize positive impact offer skills training development programs."
}
{
    "_id": "TSLA20230156",
    "title": "",
    "text": ". Tesla programs career opportunity •Technician Trainee automotive maintenance training industry certification. prepares. 2023 hired 1,900 Trainees U. Germany China. (Manufacturing Service intensive training Technician Trainee. partnered colleges academies U. S. United Kingdom Germany. 2023 hired 350 trainees manufacturing service full-time employment. •Internships Tesla hires 6,000 students. full-time positions post-internship. •Military Fellowship Transition Programs exiting military service. career guidance civil workforce. European Defence Ministries U. S. Chamber of Commerce’s Hire our Heroes. high-performing full-time roles veteran talent pipeline. •Apprenticeships globally-job training. one four years training. hires U. S. Australia Hong Kong Korea Germany.Development Program Tesla financial resources coursework experience career. hired 373 graduates 2023 goal 2024 600 students annually Fremont Factory Nevada Texas New York. Development Program 2024 targets graduates engineering. Austin Community College high-demand technologies. manufacturing."
}
{
    "_id": "TSLA20230157",
    "title": "",
    "text": "opportunities employees Employee Educational Assistance Program. spring 2024 pursue certificates degrees. virtual self-paced education path expand knowledge career."
}
{
    "_id": "TSLA20230158",
    "title": "",
    "text": "Tesla employees difference. factories offices stores service centers. policies fairness respect. hire evaluate skills performance. trustworthy excellence collaborate. harassment retaliation violence intimidation discrimination race color religion origin gender sexual orientation identity age disability veteran status."
}
{
    "_id": "TSLA20230159",
    "title": "",
    "text": "Anti-harassment training new hire orientation leaders. run leadership development programs enhancing skills address employee concerns."
}
{
    "_id": "TSLA20230160",
    "title": "",
    "text": "Employees misconduct safety contacting integrity line Take Charge notifying Human Resource Partner management. Concerns reviewed investigators trends outcomes remediation controls. Human Resource Partners visible culture engagement business leaders."
}
{
    "_id": "TSLA20230162",
    "title": "",
    "text": "file reports amendments Annual Reports 10-K Quarterly Reports 10-Q Current Reports 8-K proxy statements SEC. SEC maintains website. reports proxy issuers. website. tesla. com reports amendments proxy statements investor relations website. tesla. website not incorporated Annual Report Form 10-K."
}
{
    "_id": "TSLA20230164",
    "title": "",
    "text": "consider risks other information report affect business financial condition future results. not only company. Risks not may affect business financial operating results."
}
{
    "_id": "TSLA20230166",
    "title": "",
    "text": "experience delays launching production control manufacturing costs."
}
{
    "_id": "TSLA20230168",
    "title": "",
    "text": "experienced launch production ramp delays new products features. encountered supplier issues delays ramp Model X challenges ramping automation Model 3 processes. may introduce new manufacturing processes design features. no guarantee processes."
}
{
    "_id": "TSLA20230169",
    "title": "",
    "text": "future business depends increasing production mass-market vehicles. implement maintain efficient cost-effective manufacturing capabilities processes supply chains achieve design quality output rates facilities California Nevada Texas China Germany Mexico. hire train compensate skilled employees. challenges arise production ramps address processes costs. delays ramps cost profitability targets."
}
{
    "_id": "TSLA20230170",
    "title": "",
    "text": "experienced delays launching energy storage Solar Roof vehicles features services artificial intelligence. delays design construction regulatory approvals manufacturing facilities."
}
{
    "_id": "TSLA20230171",
    "title": "",
    "text": "delay complication ramping production current future high quality harm brand business prospects financial operating results."
}
{
    "_id": "TSLA20230172",
    "title": "",
    "text": "suppliers deliver components schedules prices quality volumes acceptable manage."
}
{
    "_id": "TSLA20230173",
    "title": "",
    "text": "products contain thousands parts purchased from hundreds suppliers to component shortages. changes business conditions materials pricing inflation labor issues wars trade policies disasters health epidemics trade shipping disruptions port congestions cyberattacks factors beyond control could affect. global shortage semiconductors early 2021 challenges impacted supply chain production. if suppliers forecast production insolvency may reduce access components new suppliers. unavailability component production delays idle facilities product design changes loss access technology tools capacity expansion obligations customer contracts. increases production product design changes additional components. suppliers unwilling meet timelines cost quality volume needs increase costs. new facilities lines localized procurement. secure sources develop replacements for components no assurance quickly.negotiate suppliers cost reductions avoid changes source less expensive redesign increases materials pricing. harm business prospects financial condition results."
}
{
    "_id": "TSLA20230174",
    "title": "",
    "text": "vehicle production increases forecast purchase warehouse transport components manufacturing internationally. match timing purchases automation inventory complexity supply incur production disruption storage transportation write-off costs harm business results."
}
{
    "_id": "TSLA20230175",
    "title": "",
    "text": "construction timelines costs production ramps new factories difficulties demand."
}
{
    "_id": "TSLA20230177",
    "title": "",
    "text": "increase production vehicles affordable local supply chains streamline delivery logistics construction ramp current future factories. production"
}
{
    "_id": "TSLA20230178",
    "title": "",
    "text": "uncertainties new manufacturing operations compliance regulatory procurement construction environmental operational licenses approvals expansion supply chain constraints hiring training retention pace production equipment high-quality units. production proprietary battery cells packs new factories incorporate design manufacturing changes into vehicles. issues timelines costs capital efficiency production capacity debt financing demand business prospects results financial condition."
}
{
    "_id": "TSLA20230179",
    "title": "",
    "text": "grow global sales delivery installation servicing charging networks manage growth."
}
{
    "_id": "TSLA20230180",
    "title": "",
    "text": "success sales capabilities. targeting global demographic broad range customers limited experience projecting demand pricing products. produce international variants limited factories if demand expectations inaccurate may generate deliveries vehicles size operations region. energy products services success forecast demand markets."
}
{
    "_id": "TSLA20230181",
    "title": "",
    "text": "independent dealer networks responsible delivering vehicles. production volumes faced challenges deliveries increasing volumes international markets transit times. deployed delivery models touchless no guarantee globally. energy products increase production installation capabilities. production delays demand business financial results."
}
{
    "_id": "TSLA20230182",
    "title": "",
    "text": "unique expertise recommend by us or authorized professionals. delays servicing capacity issues reliability higher-volume 3 Y overburden servicing capabilities parts inventory. increasing Tesla vehicles requires Supercharger stations connectors."
}
{
    "_id": "TSLA20230183",
    "title": "",
    "text": "no assurance business sales delivery installation servicing vehicle charging targets globally projections pace growth infrastructure expectations. plans require cash investments management resources no guarantee sales installations avoid cost overruns personnel. ensure compliance regulatory requirements sale installation servicing electricity Superchargers. growth harm brand business prospects financial condition operating results."
}
{
    "_id": "TSLA20230184",
    "title": "",
    "text": "maintain grow access battery cells development control costs."
}
{
    "_id": "TSLA20230186",
    "title": "",
    "text": "dependent on supply lithium-ion battery cells for vehicles energy storage products require more grow business. rely on Panasonic Contemporary Amperex Technology. qualified limited suppliers limited flexibility. disruption supply could limit production. intend to supplement with manufactured by us more efficient manufacturable cost. efforts develop manufacture required significant investments no achieve targets timeframes."
}
{
    "_id": "TSLA20230187",
    "title": "",
    "text": "curtail vehicle energy storage production procure cells costs harm business results."
}
{
    "_id": "TSLA20230188",
    "title": "",
    "text": "cost production battery cells depends prices availability raw materials lithium nickel cobalt metals. prices fluctuate supply unstable market conditions global demand. increased production electric storage suppliers meet volume needs. meet timelines cost quality needs. reduced availability access growth increases prices reduce profitability. inability meet demand price increases harm brand growth prospects results."
}
{
    "_id": "TSLA20230189",
    "title": "",
    "text": "future growth electric automotive industry competitive cyclical volatile."
}
{
    "_id": "TSLA20230190",
    "title": "",
    "text": "increased interest adoption electric vehicles market Tesla vehicles develop slowly demand decreases business prospects financial condition operating results harmed."
}
{
    "_id": "TSLA20230197",
    "title": "",
    "text": "electric vehicles small percentage sales. market affected by •perceptions about features quality safety performance cost limited range access charging facilities •competition alternative cost oil gasoline energy regulations economic incentives conditions •concerns future viability."
}
{
    "_id": "TSLA20230198",
    "title": "",
    "text": "target demographics vehicles competitive. Sales cyclical volatility. predict global trends impact consumer demand. monitor macroeconomic conditions optimize evolve business project demand infrastructure deploy production workforce resources. Rising interest rates consumers back spending harm demand business operating results. unfavorable market conditions maintain operations business prospects financial condition operating results."
}
{
    "_id": "TSLA20230199",
    "title": "",
    "text": "face competition products services competitors."
}
{
    "_id": "TSLA20230201",
    "title": "",
    "text": "worldwide automotive market competitive future. manufacturers entered electric alternative fuel vehicles hybrid plug-in hybrid fully electric self-driving software. competitors offer electric vehicles China Europe produce electric exclusively future. government economic incentives manufacturers local competitors impact profitability. competitors more resources design development manufacturing distribution promotion sale support. Increased competition lower sales price reductions revenue shortfalls loss customers market share harm business financial condition operating results."
}
{
    "_id": "TSLA20230202",
    "title": "",
    "text": "face competition energy from manufacturers developers installers providers large utilities. Decreases prices electricity utilities make products less attractive defaults."
}
{
    "_id": "TSLA20230204",
    "title": "",
    "text": "lithium-ion cells Gigafactories harm vehicle energy storage."
}
{
    "_id": "TSLA20230205",
    "title": "",
    "text": "plan grow vehicles energy storage depends lithium-ion battery production Panasonic Gigafactory Nevada. produce vehicle components battery modules drive units manufacture energy storage products. maintain operations hire retain personnel harm business results."
}
{
    "_id": "TSLA20230206",
    "title": "",
    "text": "high volumes lithium-ion cells battery modules packs stored recycled facilities. mishandling. implemented safety procedures no assurance safety issue fire. disruptions harm brand business."
}
{
    "_id": "TSLA20230207",
    "title": "",
    "text": "risks international operations economic tax labor conditions."
}
{
    "_id": "TSLA20230208",
    "title": "",
    "text": "subject to legal regulatory political uncertainty social environmental economic conditions jurisdictions unpredictable. operations. create risks conforming safety organizing entities foreign business locations attracting customers taxes regulations permit requirements contractual rights trade restrictions customs tariffs price controls preferences products. monitor tax legislation Organization Economic Cooperation plan base erosion profit shifting. conditions increase costs impact management harm business."
}
{
    "_id": "TSLA20230209",
    "title": "",
    "text": "business suffer products defects fail take longer."
}
{
    "_id": "TSLA20230211",
    "title": "",
    "text": "products contain design manufacturing defects software hardware repair features take longer restricted onerous regulation ability to develop market sell products may harmed delivery delays recalls liability breach of warranty consumer protection claims expenses. capability performance no guarantee changes software equipment result in functional disparities perform forecast. attempt remedy issues may not timely hamper production not satisfy customers. performed extensive internal testing products features limited frame reference evaluate long-term quality reliability durability performance characteristics exposure external attacks. identify defects pre-production sale latent defects to detect control prior to sale installation."
}
{
    "_id": "TSLA20230212",
    "title": "",
    "text": "defend insure liability."
}
{
    "_id": "TSLA20230213",
    "title": "",
    "text": "automobile industry experiences product liability claims face risk vehicles. our vehicles involved in accidents death injury accidents Autopilot Enhanced Autopilot FSD features public attention NHTSA’s Order reports crashes advanced assistance systems. experienced expect claims regulatory scrutiny misuse failures misrepresentations of new technologies. battery packs lithium-ion cells. release energy ignite materials. battery packs contain release energy no failure high-speed crash. solar energy systems storage products generate electricity potential to fail cause injury. product liability claim to lawsuits damages product recalls redesign efforts meritless claim negative publicity expensive time-consuming. self-insure against risk product liability claims claims paid from company funds not insurance."
}
{
    "_id": "TSLA20230214",
    "title": "",
    "text": "maintain public credibility business succeed."
}
{
    "_id": "TSLA20230215",
    "title": "",
    "text": "maintain business credibility confidence customers suppliers analysts investors ratings agencies financial viability business prospects. limited operating history customer unfamiliarity delays scaling manufacturing delivery service competition uncertainty future electric vehicles quarterly production sales performance other factors. Tesla’s products business results statements actions management commentary third parties. criticism speculation management team. negative perceptions harm business raise funds."
}
{
    "_id": "TSLA20230216",
    "title": "",
    "text": "grow manage compliance financing credit risks programs."
}
{
    "_id": "TSLA20230217",
    "title": "",
    "text": "offer financing North America Europe Asia financial institutions. offer financing local subsidiaries markets. arrangements specified models operating leases small portion purchase price lease payments term lease. offered arrangements customers solar energy systems fixed payment lease finance purchase electricity. national financial regulations consumer protection laws enforcement actions penalties."
}
{
    "_id": "TSLA20230219",
    "title": "",
    "text": "profitability of directly-leased vehicles depends on residual values values may fluctuate depending on supply demand economic cycles pricing new vehicles. adjustments to prices may impact residual values reduce profitability leasing program. funding growth rely on financing business partners. If unable to fund leasing alternative financing programs available may grow vehicle deliveries. if leasing business grows may suffer if manage residual risk."
}
{
    "_id": "TSLA20230220",
    "title": "",
    "text": "provided resale value guarantees to customers partners financing programs sell vehicles-determined amounts. resale values fluctuations financing pricing changes. If resale values lower amounts financial condition operating results harmed."
}
{
    "_id": "TSLA20230221",
    "title": "",
    "text": "vehicle solar energy financing energy storage sales expose customer credit risk. economic downturn customers satisfy payment obligations. default incur credit losses impairment charges."
}
{
    "_id": "TSLA20230222",
    "title": "",
    "text": "manage obligations Research Foundation University York Gigafactory."
}
{
    "_id": "TSLA20230223",
    "title": "",
    "text": "party operating lease research development agreement State University of New York “SUNY. agreements construction use Gigafactory New York Solar Roof solar products energy storage Supercharger components lessor-approved functions. obligated meet employment targets minimum personnel New York Buffalo spend $5. 00 billion capital operational expenses costs 10 years April 30, 2018. December 31, 2023 excess targets. expect grow operations Gigafactory Buffalo failure obligations $41 million SUNY Foundation termination lease penalties adjust operations. harm business financial condition operating results."
}
{
    "_id": "TSLA20230224",
    "title": "",
    "text": "unable attract hire retain employees compete."
}
{
    "_id": "TSLA20230225",
    "title": "",
    "text": "loss employees workforce disrupt operations delay development products. dependent Elon Musk Tesla Chief Executive Officer. employment agreement attract retain senior leadership. future success depends attract engineering manufacturing marketing sales service installation technology support personnel high-volume product sales market expansion technological innovations. risks business financial results."
}
{
    "_id": "TSLA20230226",
    "title": "",
    "text": "Employees leave Tesla choose competitive labor market negative publicity. regions operations engineering centers strong competition for skillsets electric vehicles engineering electrical building construction expertise. compete with mature financial start-ups companies short-term growth."
}
{
    "_id": "TSLA20230228",
    "title": "",
    "text": "compensation philosophy reflects startup origins equity awards benefits incentives with interests stockholders. seek approval increases awards equity incentive employee stock purchase plans. If approvals expend additional cash retain."
}
{
    "_id": "TSLA20230229",
    "title": "",
    "text": "Elon Musk Tesla Chief Executive."
}
{
    "_id": "TSLA20230230",
    "title": "",
    "text": "dependent Elon Musk Tesla Chief Executive Officer. Musk active devote full. Chief Executive Technical Space Exploration Technologies. space Chairman Technical X Corp. social media involved technology ventures."
}
{
    "_id": "TSLA20230231",
    "title": "",
    "text": "systems providers cyber-attacks breaches theft claims litigation investigations liability damage adverse consequences."
}
{
    "_id": "TSLA20230232",
    "title": "",
    "text": "technology product procurement inventory production sales service logistics dealer financial tax regulatory compliance. deployment. measures theft data breaches sabotage-attacks vulnerable malware ransomware viruses denial-of-service phishing social engineering hacking unauthorized access defects breakdowns damage interruptions malfunctions power outages terrorism vandalism security breaches incidents."
}
{
    "_id": "TSLA20230233",
    "title": "",
    "text": "security incident unauthorized access damage loss destruction alteration dissemination data intellectual property personal information products vehicles disrupt business harm reputation data breach laws litigation regulatory investigation corrective action verify database contents liability laws contractual obligations. costs legal financial exposure reputational harm."
}
{
    "_id": "TSLA20230234",
    "title": "",
    "text": "rely on service providers incidents business. significant supply chain attacks. service providers including workforce management software provider subject to ransomware security incidents guarantee systems breached defects bugs vulnerabilities. security measures limited malicious third parties circumvent measures."
}
{
    "_id": "TSLA20230235",
    "title": "",
    "text": "implementation maintenance require management time support cost risks expanding implementing updating disruptions business operation. risks affect manage data inventory procure manufacture sell deliver service protect intellectual property tax laws regulations."
}
{
    "_id": "TSLA20230237",
    "title": "",
    "text": "if implement maintain expand systems operations disrupted report financial results impaired deficiencies in internal control financial reporting impact results. proprietary information compromised misappropriated reputation affected. If systems operate expend resources find alternative sources."
}
{
    "_id": "TSLA20230238",
    "title": "",
    "text": "unauthorized control systems loss confidence."
}
{
    "_id": "TSLA20230239",
    "title": "",
    "text": "products contain complex information technology systems. vehicles energy storage built-in data connectivity remote updates. implemented security measures prevent unauthorized access networks malicious entities attempted may modify alter networks functionality user interface performance characteristics access data. encourage reporting vulnerabilities reporting policy aim remedy vulnerability. no vulnerabilities exploited before identified remediation."
}
{
    "_id": "TSLA20230240",
    "title": "",
    "text": "unauthorized access to products systems loss of data in legal claims investigations. reports unauthorized factors perception harm brand prospects operating results. subject of reports past."
}
{
    "_id": "TSLA20230241",
    "title": "",
    "text": "business affected union activities."
}
{
    "_id": "TSLA20230242",
    "title": "",
    "text": "employees at union higher costs risk work stoppages. regulations jurisdictions outside U. S. mandate employee participation in industrial collective bargaining agreements work councils consultation rights. best work environment employees may join union signatory. labor unions unfair labor practice charges National Labor Relations Board may. unfavorable outcome for Tesla treatment. dependent upon companies unionized work forces. work stoppages strikes delay manufacture sale harm business results."
}
{
    "_id": "TSLA20230243",
    "title": "",
    "text": "choose compelled recalls actions."
}
{
    "_id": "TSLA20230244",
    "title": "",
    "text": "manufacturing company manage risk product recalls. Recalls from hardware software safety concerns non-compliance. testing investigations regulators industry groups compel negative perceptions safety. future initiate recalls products safety defect noncompliant with laws U. Federal Motor Vehicle Safety Standards. recalls systems expense supply chain complications service burdens harm brand business prospects financial condition operating results."
}
{
    "_id": "TSLA20230245",
    "title": "",
    "text": "current future warranty reserves."
}
{
    "_id": "TSLA20230247",
    "title": "",
    "text": "manufacturer’s warranty Tesla vehicles. warranties energy generation storage systems installation maintenance. components not manufactured pass manufacturers’ warranties retain warranty responsibilities. energy generation storage contracts performance guarantees energy generation performance requirements. bear risk electricity production performance shortfalls third party manufacturers. risks exacerbated manufacturers operations fail honor warranties."
}
{
    "_id": "TSLA20230248",
    "title": "",
    "text": "warranty reserves inadequate future claims financial condition operating results harmed. reserves include estimates costs repair items based on actual claims costs future claims. estimates uncertain changes historical experience products introduced may cause changes reserves."
}
{
    "_id": "TSLA20230249",
    "title": "",
    "text": "insurance protect business risks."
}
{
    "_id": "TSLA20230250",
    "title": "",
    "text": "subject to losses from liability accidents acts God claims no insurance coverage. maintain much insurance coverage companies some. policies include deductibles retentions limitations exclusions insurance coverage future losses. loss uninsured policy limits amounts harm financial condition operating results."
}
{
    "_id": "TSLA20230251",
    "title": "",
    "text": "debt agreements covenant business."
}
{
    "_id": "TSLA20230252",
    "title": "",
    "text": "debt facilities contain future debt agreements covenant restrictions limit business restrictions incur additional debt create liens. maintain liquidity. ability respond business economic conditions transactions obtain additional financing. failure comply debt covenants default accelerate obligation repay debt. If debt accelerated funds repay."
}
{
    "_id": "TSLA20230253",
    "title": "",
    "text": "Additional funds available need."
}
{
    "_id": "TSLA20230254",
    "title": "",
    "text": "business future plans expansion capital-intensive cash inflows outflows fluctuate. need additional funds equity debt securities credit institutions fund costs developing manufacturing products unplanned expenses strategic investments refinance consolidated indebtedness. additional funds available favorable terms. If raise funds financial condition results business prospects affected."
}
{
    "_id": "TSLA20230255",
    "title": "",
    "text": "impacted obsolescence equipment."
}
{
    "_id": "TSLA20230256",
    "title": "",
    "text": "depreciate cost manufacturing equipment over useful lives. product cycles manufacturing technology change update processes quickly. improvements engineering manufacturing expertise efficiency less equipment. production discontinue equipment different equipment. useful life equipment retired early shortened depreciation results harmed."
}
{
    "_id": "TSLA20230257",
    "title": "",
    "text": "no guarantee cash flow incur additional indebtedness."
}
{
    "_id": "TSLA20230259",
    "title": "",
    "text": "December 31, 2023 subsidiaries $4. 68 billion indebtedness Note 11 Debt statements Annual Report Form 10-K. indebtedness adverse economic conditions. incur secure recapitalize."
}
{
    "_id": "TSLA20230260",
    "title": "",
    "text": "ability make scheduled payments principal interest indebtedness conversion convertible senior notes refinance indebtedness depends future performance economic financial competitive factors beyond control. business generate cash flow obligations future necessary capital expenditures. unable cash adopt alternatives investments selling assets refinancing additional equity capital onerous. refinance indebtedness capital markets financial condition. payments limited by law regulatory authority agreements future indebtedness. engage activities default harm financial condition operating results."
}
{
    "_id": "TSLA20230261",
    "title": "",
    "text": "exposed fluctuations."
}
{
    "_id": "TSLA20230262",
    "title": "",
    "text": "transact business globally multiple currencies foreign currency risks related revenue costs operating expenses subsidiary debt other U. dollar. revenues foreign currencies strengthening U. dollar reduce revenues. portion costs expenses denominated in foreign currencies. offsetting revenues. dollar depreciates costs. increase margins suffer. operating results harmed."
}
{
    "_id": "TSLA20230263",
    "title": "",
    "text": "property infringement claims time-consuming expensive affect freedom business."
}
{
    "_id": "TSLA20230264",
    "title": "",
    "text": "competitors third parties hold patents copyrights trademarks proprietary rights prevent limit use develop sell market products services business. holders assert urge licenses bring suits infringement costs negative publicity management attention."
}
{
    "_id": "TSLA20230265",
    "title": "",
    "text": "protection brands technologies information limited countries difficult misappropriation infringement. confidentiality guarantee deter misappropriation. theft unauthorized use trade secrets information affect competitive position."
}
{
    "_id": "TSLA20230266",
    "title": "",
    "text": "endeavor obtain protect intellectual property rights advance strategic initiatives no assurance identify protect strategic mitigate risk suits legal demands. consider licensing agreements no assurance licenses acceptable terms litigation licenses increase operating expenses. if infringed intellectual property rights may required cease making selling incorporating pay damages license royalties redesign products services establish maintain alternative branding. required brand business financial condition operating results may harmed."
}
{
    "_id": "TSLA20230267",
    "title": "",
    "text": "scrutiny expectations practices costs risks."
}
{
    "_id": "TSLA20230269",
    "title": "",
    "text": "Companies scrutiny environmental practices. Investor advocacy groups institutional investors funds influential investors focused on ESG practices non-financial impacts. mission transition sustainable energy ESG practices meet expectations costs brand business."
}
{
    "_id": "TSLA20230270",
    "title": "",
    "text": "operations disasters wars health epidemics."
}
{
    "_id": "TSLA20230271",
    "title": "",
    "text": "impacted by disasters wars health epidemics weather conditions climate change power outages control. Fremont Factory Gigafactory Nevada seismically active Northern California Nevada Gigafactory Shanghai flood-prone. Gigafactory Texas experienced winter storms 2021 utilities transportation. major disasters earthquakes floods climate headquarters production facilities production shipment. COVID-19 pandemic impacted markets manufacturing supply chains employment consumer behavior. consequences conflict Russia Ukraine embargoes regional instability geopolitical shifts airspace bans retaliatory action Russian. incur expenses delays control business results financial condition."
}
{
    "_id": "TSLA20230273",
    "title": "",
    "text": "Demand products impacted status government economic incentives."
}
{
    "_id": "TSLA20230274",
    "title": "",
    "text": "Government economic incentives electric vehicles. tax exemptions credits rebates reduced eliminated amended exhausted. incentives electric vehicles expired cancelled unavailable replaced impacted sales. incentives amended benefits manufacturers local suppliers characteristics not Tesla. developments impact demand customers adjust pricing modifications."
}
{
    "_id": "TSLA20230275",
    "title": "",
    "text": "governmental rebates tax credits financial incentives solar storage costs encourage customers solar funds. incentives expire funding exhausted renewable energy rates. net metering customers receive bill credits solar electric load. benefit net metering proposed reduced contested before Federal Energy Regulatory Commission. reductions terminations incentives harm business prospects financial condition results products less competitive cost capital investment new financing funds."
}
{
    "_id": "TSLA20230276",
    "title": "",
    "text": "we fund investors claim. federal tax credits state incentives based solar energy storage systems. authorities audited values determined. determinations adverse tax consequences obligation payments."
}
{
    "_id": "TSLA20230277",
    "title": "",
    "text": "subject laws costs prohibitions changes operations products."
}
{
    "_id": "TSLA20230279",
    "title": "",
    "text": "grow manufacturing operations subject complex environmental health safety laws U. S. China Germany storage recycling disposal hazardous materials post-consumer products constructing expanding maintaining facilities. environmental climate change laws costs compliance remediations changes operations failures expenses delays fines."
}
{
    "_id": "TSLA20230280",
    "title": "",
    "text": "employee headcount operations scrutiny investigations defend. harm brand employees business financial condition. subject laws regulations supply manufacture import sale service performance products abroad. countries outside U. S. vehicle safety fuel economy emissions different U. additional investment vehicles systems regulatory compliance. review certification foreign agencies compliance foreign reporting recall management systems."
}
{
    "_id": "TSLA20230281",
    "title": "",
    "text": "offer vehicles Autopilot FSD Capability features drivers dangerous road travel drivers. Autopilot technology. international federal state regulations may affect design performance sale marketing registration operation Autopilot FSD future including self-driving vehicles operated human driver. includes vehicle standards not. regulations change complex conflicting regulations delay restrict prohibit functionalities vehicle designs business."
}
{
    "_id": "TSLA20230282",
    "title": "",
    "text": "manufacturer installer service provider solar storage supplier electricity provider grid services virtual power plant impacted by federal state local regulations policies import export components electricity pricing interconnection generation storage grid sale electricity third party systems. import export interconnection maintenance solar systems deter customers threaten economics contracts sales harm business financial condition operating results."
}
{
    "_id": "TSLA20230283",
    "title": "",
    "text": "failure comply U. international laws harm."
}
{
    "_id": "TSLA20230284",
    "title": "",
    "text": "failure vendors comply with privacy federal international privacy data protection security laws regulations information in regulatory actions legal liability fines damages audit requirements costs. expenses operational changes compliance unsuccessful challenge adverse publicity costly response defense. privacy laws uncertainty system changes increase costs impact adverse publicity harm reputation. General Data Protection Regulation applies information European Union protection measures risk fines noncompliance. North American operations subject to complex federal privacy laws regulations California Consumer Privacy Act obligations. privacy cybersecurity laws in China."
}
{
    "_id": "TSLA20230285",
    "title": "",
    "text": "laws inconsistent. Complying costs enhancements data practices. Noncompliance penalties legal liability."
}
{
    "_id": "TSLA20230287",
    "title": "",
    "text": "risks privacy vehicle manufacturer obligations cybersecurity data privacy localization international operations. audit data protection"
}
{
    "_id": "TSLA20230288",
    "title": "",
    "text": "investigations legal proceedings disclosure sensitive data unfavorable terms. personal information expend resources data breach requirements third parties obtain data loss. major breach network security systems fines penalties damages harm brand prospects operating results."
}
{
    "_id": "TSLA20230289",
    "title": "",
    "text": "subject liability penalties sanctions consequences investigations."
}
{
    "_id": "TSLA20230290",
    "title": "",
    "text": "cooperating government investigations Note 15 Commitments Contingencies consolidated financial statements Annual Report Form 10-K. no agency wrongdoing. predict outcome possibility liability penalties sanctions SEC. Department of Justice legal action. expect incur costs requests information subpoenas defending proceedings."
}
{
    "_id": "TSLA20230291",
    "title": "",
    "text": "face regulatory challenges sell."
}
{
    "_id": "TSLA20230292",
    "title": "",
    "text": "intend leverage effective sales strategies website sell vehicles stores states U. S. laws-consumer sales model. asserted laws states limit dealer licenses state vehicle regulators assertions persist. decisions regulators vehicles challenged by dealer associations laws. prevailed lawsuits belief state franchise laws not apply manufacturer franchise dealers. some states associations propose laws prevent obtaining dealer licenses sales model. few states passed legislation operate dealer licenses stores operate. application state laws difficult predict."
}
{
    "_id": "TSLA20230293",
    "title": "",
    "text": "Internationally laws in may restrict sales business practices. laws complex difficult change over time. regulatory limitations obstacles vehicles may harm financial condition operating results."
}
{
    "_id": "TSLA20230295",
    "title": "",
    "text": "price common stock volatile."
}
{
    "_id": "TSLA20230297",
    "title": "",
    "text": "trading price common stock volatile fluctuations factors beyond control. experienced-day high $299. 29 per share low $152. 37 per share. stock market technology companies experienced extreme price volume fluctuations unrelated operating performance. large proportion common stock may traded by short sellers supply demand influencing volatility. Public perception factors outside control impact stock price. securities class action litigation filed against us. defend actions judgment future costs diversion attention resources."
}
{
    "_id": "TSLA20230298",
    "title": "",
    "text": "financial results vary operating costs."
}
{
    "_id": "TSLA20230299",
    "title": "",
    "text": "expect period-to-period financial results vary operating costs fluctuate design develop manufacture new products increase production capacity between periods. revenues fluctuate introduce products new markets. quarter-to-quarter comparisons not meaningful indicators future performance. financial results may not meet expectations equity research analysts ratings agencies investors short-term results. trading price stock fall."
}
{
    "_id": "TSLA20230300",
    "title": "",
    "text": "fail meet expectations stock price decline."
}
{
    "_id": "TSLA20230301",
    "title": "",
    "text": "provide guidance expected financial business performance. identifying factors predicting future events uncertain guidance accurate timing product manufacturing ramps. guidance based assumptions production sales volumes sales prices supplier commodity costs planned cost reductions. guidance varies results market value common stock could decline."
}
{
    "_id": "TSLA20230302",
    "title": "",
    "text": "Elon Musk sell common stock pledged personal loan sales stock price decline."
}
{
    "_id": "TSLA20230303",
    "title": "",
    "text": "banking institutions credit to Elon Musk Chief Executive used shares common stock public offerings placements prices-party. not party to loans secured by pledges Tesla common stock owned. Musk. If price common stock. Musk may forced to sell shares loan obligations. sales could cause price decline. Musk may required to sell shares stock."
}
{
    "_id": "TSLA20230304",
    "title": "",
    "text": "Anti-takeover documents laws notes takeover."
}
{
    "_id": "TSLA20230305",
    "title": "",
    "text": "certificate incorporation bylaws afford rights powers board delay acquisition undesirable. subject to Section 203 Delaware General Corporation Law provisions limit ability stockholders effect business combinations. terms convertible senior notes require repurchase fundamental change takeover. delaying change control limit opportunity stockholders premium affect price."
}
{
    "_id": "TSLA20230308",
    "title": "",
    "text": "."
}
{
    "_id": "TSLA20230311",
    "title": "",
    "text": "assessing risks cybersecurity 106 Regulation S-K. operational property theft fraud extortion harm violation data privacy."
}
{
    "_id": "TSLA20230312",
    "title": "",
    "text": "cybersecurity risk management systems. privacy compliance multi approach third party assessments IT Audit security governance risk compliance reviews. conduct privacy cybersecurity reviews audit data policies penetration testing bug bounty program employee training monitor laws data protection security implement changes."
}
{
    "_id": "TSLA20230313",
    "title": "",
    "text": "implemented incident response breach management preparation detection containment eradication recovery post-incident analysis. Information Product Security Compliance Legal teams."
}
{
    "_id": "TSLA20230314",
    "title": "",
    "text": "Security evaluated prioritized response remediation. materiality operational business impact privacy."
}
{
    "_id": "TSLA20230315",
    "title": "",
    "text": "conduct tabletop exercises cybersecurity. professionals collaborate risk form detection remediation strategies."
}
{
    "_id": "TSLA20230316",
    "title": "",
    "text": "engage auditors consultants cybersecurity programs. 2023 Information Security Management System ISO/IEC 27001:2013."
}
{
    "_id": "TSLA20230317",
    "title": "",
    "text": "risk management program assesses third party risks risks vendors suppliers providers. Cybersecurity risks evaluated selection oversight providers fourth-party risks data. risk management third-party cybersecurity compromise incidents risks."
}
{
    "_id": "TSLA20230318",
    "title": "",
    "text": "describe risks cybersecurity threats business strategy financial condition technology systems providers customers users cyber-attacks incidents data breaches theft claims investigations liability reputational damage adverse risk disclosures Item 1A Annual Report Form 10-K."
}
{
    "_id": "TSLA20230321",
    "title": "",
    "text": "Cybersecurity risk management Board management. Audit Committee cybersecurity. receive updates quarterly senior management Information Security Product Security Compliance Legal teams. risks data privacy incidents information security initiatives. Board members engage ad hoc conversations cybersecurity discuss updates risk."
}
{
    "_id": "TSLA20230322",
    "title": "",
    "text": "cybersecurity risk overseen by Information Security Product Security Compliance Legal teams. 15 years experience technology auditing compliance. monitor prevention mitigation detection remediation cybersecurity incidents incident response plan Audit Committee."
}
{
    "_id": "TSLA20230332",
    "title": "",
    "text": "headquartered Austin Texas. facilities include North America Europe Asia manufacturing warehousing engineering retail service Supercharger sites administrative sales offices. facilities support reporting segments suitable business. lease facilities manufacturing. facilities. Gigafactory Texas Fremont Nevada Berlin-Brandenburg Germany Shanghai New York Megafactory California"
}
{
    "_id": "TSLA20230333",
    "title": "",
    "text": "own building land use rights 50 years. assets."
}
{
    "_id": "TSLA20230335",
    "title": "",
    "text": "proceedings Note 15 Commitments Contingencies statements Annual Report Form."
}
{
    "_id": "TSLA20230336",
    "title": "",
    "text": "disclosed Item 103 Regulation S-K environmental regulations civil penalties exceed $1 million. proceeding material business financial condition penalties."
}
{
    "_id": "TSLA20230337",
    "title": "",
    "text": "attorneys Tesla’s waste segregation. Health. Code § 25100. Civil Code § 1798. Tesla implemented remedial measures training audits waste settlement discussions ongoing. business."
}
{
    "_id": "TSLA20230340",
    "title": "",
    "text": "."
}
{
    "_id": "TSLA20230341",
    "title": "",
    "text": "EQUITY STOCKHOLDER EQUITY SECURITIES"
}
{
    "_id": "TSLA20230343",
    "title": "",
    "text": "common stock traded NASDAQ Global Market June 29, 2010. initial public offering $1. 13 share June 28, 2010 three-for-one split August 2022 five-for-one August 2020."
}
{
    "_id": "TSLA20230345",
    "title": "",
    "text": "January 22, 2024 9,300 holders common stock. holders shares banks brokers institutions."
}
{
    "_id": "TSLA20230347",
    "title": "",
    "text": "never declared paid cash dividends common stock. anticipate paying cash dividends. future discretion board financial condition results capital requirements business conditions factors."
}
{
    "_id": "TSLA20230349",
    "title": "",
    "text": "performance not Section 18 Securities Exchange Act 1934 incorporated filing Tesla Inc. Securities Act 1933 except set reference filing."
}
{
    "_id": "TSLA20230351",
    "title": "",
    "text": "graph shows comparison January 1 2019 December 31, 2023 return common stock NASDAQ Composite Index companies 3711 Vehicles Passenger Car. returns based historical not future performance. Index investment $100 January 1, 2019 reinvestment dividends. never declared paid cash dividends anticipate."
}
{
    "_id": "TSLA20230353",
    "title": "",
    "text": "."
}
{
    "_id": "TSLA20230355",
    "title": "",
    "text": "."
}
{
    "_id": "TSLA20230358",
    "title": "",
    "text": "DISCUSSION FINANCIAL RESULTS"
}
{
    "_id": "TSLA20230359",
    "title": "",
    "text": "analysis financial statements notes Annual Report Form 10-K. products technology competitive strengths Item 1-. financial condition Part II Item 7. Financial Condition Annual Report 10-K filed Securities Exchange Commission January 31, 2023."
}
{
    "_id": "TSLA20230361",
    "title": "",
    "text": "accelerate transition sustainable energy. design develop manufacture lease sell vehicles solar storage. maintenance charging insurance services. artificial robotics automation."
}
{
    "_id": "TSLA20230362",
    "title": "",
    "text": "2023 produced 1,845,985 delivered 1,808,581. increasing production capacity costs technologies supply chain FSD affordability efficiency new products expanding infrastructure charging."
}
{
    "_id": "TSLA20230363",
    "title": "",
    "text": "deployed. 72 GWh storage 223 megawatts solar. production Solar Roof increasing share retrofit."
}
{
    "_id": "TSLA20230364",
    "title": "",
    "text": "2023 revenues $96. 77 billion $15. 31 billion. ramp production deliveries deployments invest research AI software fleet profits."
}
{
    "_id": "TSLA20230365",
    "title": "",
    "text": "2023 net income $15. billion $2. billion. non-cash tax $5. billion valuation deferred tax assets. cost reductions."
}
{
    "_id": "TSLA20230367",
    "title": "",
    "text": "2023 $29. billion $6. billion 2022. cash flows $13. 26 billion $14. 72 billion $1. 47 billion. Capital expenditures $8. 90 billion $7. 16 billion $1. 74 billion. growth."
}
{
    "_id": "TSLA20230380",
    "title": "",
    "text": "summary status production vehicle models Annual Report Form 10-K Production Location Model Status Fremont Factory S X 3 Y Shanghai Berlin-Brandenburg Texas Nevada Semi production Generation Platform Roadster"
}
{
    "_id": "TSLA20230381",
    "title": "",
    "text": "focused growing manufacturing capacity Cybertruck next generation platform ramping vehicles increasing rate efficiency factories. next ramp next generation platform battery cells high-volume output costs longer range. goals improve performance decrease costs increase affordability customer awareness."
}
{
    "_id": "TSLA20230382",
    "title": "",
    "text": "plans uncertainties manufacturing new technologies projects constraints labor shortages future impact. third quarter 2023 decline production shutdowns upgrades. set technological targets battery cells iterative manufacturing design improvements vehicles new factory."
}
{
    "_id": "TSLA20230384",
    "title": "",
    "text": "cost reduction innovation localized procurement manufacturing key affordability. demand awareness improving performance functionality artificial Autopilot FSD new vehicles Cybertruck. benefit electrification environmental regulations initiatives."
}
{
    "_id": "TSLA20230386",
    "title": "",
    "text": "operate in cyclical industry sensitive to political regulatory uncertainty trade environment compounded by inflationary pressures energy prices interest rate fluctuations liquidity. inflationary pressures increased. central banks raised interest rates vehicle lease finance. sales cyclical volatility. competitors enter sustainable transportation adjust. suppliers’ liquidity allocation affected by challenges automotive industry reduce access components cost. macroeconomic industry trends pricing order rate operating margin. government economic incentives electric vehicles impact sales. cost reduction improved production innovation efficiency lower logistics costs operating leverage benefit new products future growth."
}
{
    "_id": "TSLA20230387",
    "title": "",
    "text": "production increases increase delivery capability bottleneck. committed reducing vehicles third month reduce cost per vehicle. expand manufacturing increase delivery servicing charging infrastructure maintain reliability optimize Supercharger locations cost effectiveness customer satisfaction. manufacturers North American Charging Standard Superchargers expand network availability. focused capability efficiency servicing operations."
}
{
    "_id": "TSLA20230389",
    "title": "",
    "text": "long-term success increasing margins volumes. production energy storage demand construction new Megafactory Shanghai ramp Megafactory Lathrop California. storage deployments vary project milestones. committed retrofit solar energy low-cost online ordering. installation capabilities price efficiencies Solar Roof. maintain battery cell supply qualified personnel."
}
{
    "_id": "TSLA20230391",
    "title": "",
    "text": "capital expenditures difficult core impacted market. ramping new products manufacturing facilities three continents piloting battery cell technologies expanding Supercharger network investing autonomy artificial training pace spend priority production adjustments efficiencies new projects. growth inflation expect capital expenditures exceed $10. billion 2024 $8. to $10. billion following two fiscal years."
}
{
    "_id": "TSLA20230392",
    "title": "",
    "text": "business generating cash flow capital spend better capital management shorter days sales sales growth positive cash generation. cash flows vertical integration expand product roadmap financing. likely heightened capital expenditures capital-intensive projects rising material prices supply chain labor expenses trade labor availability. expect self-funding support sales."
}
{
    "_id": "TSLA20230395",
    "title": "",
    "text": "consolidated financial statements prepared accounting principles. (“GAAP”). estimates assumptions assets liabilities revenues costs expenses disclosures. base estimates on historical experience assumptions. Changes estimates likely. results differ estimates. evaluate estimates assumptions. differences future financial statement presentation financial condition cash flows."
}
{
    "_id": "TSLA20230396",
    "title": "",
    "text": "estimates resale value sales return reserves collectability accounts financing receivables inventory valuation warranties assets goodwill financial instruments residual lease vehicles solar energy systems. assessed impact update estimates value assets liabilities Annual Report Form 10-K. estimates change events information. results differ assumptions."
}
{
    "_id": "TSLA20230399",
    "title": "",
    "text": "Automotive sales revenue includes cash financing features services performance obligation Accounting Standards 606 FSD Capability features internet connectivity free Supercharging over-the-air software updates. recognize revenue upon delivery control. Payments received control payment terms over loan term. sales return reserve future market values resale value guarantees buyback terms. features internet connectivity free Supercharging-air software updates provisioned control transfer recognized over time. free Supercharging incentives recognized usage expiration. revenue over performance period ownership life. Revenue FSD Capability features recognized functionality delivered maintenance. estimate selling price costs third-party pricing information."
}
{
    "_id": "TSLA20230401",
    "title": "",
    "text": "Inventories lower cost. computed standard vehicles energy approximates first-in-out. record write-downs excess obsolete inventories demand. inventory demand excess written-off."
}
{
    "_id": "TSLA20230402",
    "title": "",
    "text": "review inventory value exceeds net amount sale. estimated selling price less cost convert inventory finished product. inventory new lower cost basis established changes restoration increase cost."
}
{
    "_id": "TSLA20230404",
    "title": "",
    "text": "estimates future costs change write-downs required. small change financial results."
}
{
    "_id": "TSLA20230406",
    "title": "",
    "text": "provide manufacturer’s warranty new used vehicles installation energy generation storage systems 10 to 25 years. accrue warranty reserve products includes costs repair recalls. estimates based claims incurred future. estimates uncertain changes cause changes. include costs vehicles solar energy systems costs expensed as incurred. reserve incurred next 12 months included Accrued liabilities remaining balance long-term liabilities. liabilities indemnification suppliers record receivables Prepaid expenses current assets non-current assets. Warranty expense recorded Cost revenues consolidated statements. automotive accrued warranty balance related automotive segment."
}
{
    "_id": "TSLA20230408",
    "title": "",
    "text": "fair value stock options restricted stock units stock purchase plan services. fair value awards estimated Black-Scholes option-pricing model. risk-free interest rate term volatility. subjective judgment. fair value RSUs measured grant date closing market value common stock. cost recognized four years stock options RSUs six months ESPP. Stock compensation expense recognized straight-line net forfeitures."
}
{
    "_id": "TSLA20230409",
    "title": "",
    "text": "performance-based awards stock-based compensation expense recognized achievement probable."
}
{
    "_id": "TSLA20230410",
    "title": "",
    "text": "accumulate stock awards incorporate market data calculate volatilities expected lives impact valuation compensation expense. expense recorded Cost Research development Selling administrative expense statements."
}
{
    "_id": "TSLA20230413",
    "title": "",
    "text": "subject to income taxes U. S. foreign jurisdictions. judgment provision taxes deferred tax assets liabilities valuation allowance deferred tax assets. monitor realizability deferred tax assets period. consider history income book-tax differences volatility earnings excess tax benefits stock compensation reversal differences. rely future results uncertainty volatility market price common stock variable macroeconomic conditions income changes business income. valuation allowance assessment based estimate future results."
}
{
    "_id": "TSLA20230414",
    "title": "",
    "text": "judgment evaluating tax positions. transactions tax settlement uncertain. recognize effect uncertainty tax attributes estimates. tax return positions supportable sustained review. required file income tax returns U. S. foreign jurisdictions tax laws regulations. returns audit federal state foreign taxing authorities disagree. consideration adequate audit years past experience interpretations tax law. review update estimates changing facts circumstances closing tax audit lapse statute of limitations change estimate. final tax outcome differences impact income tax expense."
}
{
    "_id": "TSLA20230426",
    "title": "",
    "text": "Ended December 31,. 2022. 2021 millions Automotive sales,210,125,299 Automotive regulatory credits Automotive leasing Total revenues,419,462,232,957 Services other,319,802,228 Total automotive services segment revenue,738,553,185 Energy generation storage segment revenue,789 Total revenues#96,773,462,823,311,639"
}
{
    "_id": "TSLA20230428",
    "title": "",
    "text": "Automotive sales revenue financing S X Y Cybertruck FSD Capability maintenance internet Supercharging software updates. lease accounting."
}
{
    "_id": "TSLA20230429",
    "title": "",
    "text": "Automotive regulatory sales manufacturers. revenue related to new vehicle production sales pricing. monetize vehicles sold arrangements close production delivery changes regulation."
}
{
    "_id": "TSLA20230430",
    "title": "",
    "text": "Automotive leasing revenue amortization lease agreements. sales-type leasing programs revenue delivery."
}
{
    "_id": "TSLA20230431",
    "title": "",
    "text": "non services body shop parts Supercharging insurance merchandise."
}
{
    "_id": "TSLA20230433",
    "title": "",
    "text": "Automotive sales revenue increased $11. 30 billion 17% 2023 2022 due 473,382 Model 3 Y cash deliveries production. offset lower average selling price reductions negative impact dollar strengthening."
}
{
    "_id": "TSLA20230435",
    "title": "",
    "text": "Automotive credits increased $14 million 1% 2022."
}
{
    "_id": "TSLA20230436",
    "title": "",
    "text": "Automotive leasing revenue decreased $356 million 14% 2023 2022. direct sales leasing lower deliveries offset lease portfolio."
}
{
    "_id": "TSLA20230437",
    "title": "",
    "text": "revenue increased $2. 23 billion 37% 2023 2022. due used vehicle revenue volume body shop non-warranty maintenance Supercharging insurance growing fleet. offset average selling price."
}
{
    "_id": "TSLA20230439",
    "title": "",
    "text": "Energy generation storage revenue includes sales leasing financing services incentives."
}
{
    "_id": "TSLA20230441",
    "title": "",
    "text": "Energy storage revenue increased $2. billion 54% 2023 2022. Megapack."
}
{
    "_id": "TSLA20230461",
    "title": "",
    "text": "Ended December 31,. 2022 Change. 2021 (Dollars millions Cost revenues Automotive sales,121,415,184 Automotive leasing Total cost revenues,281 Services other Total automotive services segment cost revenues Energy generation storage segment Total cost revenues,113,609,217,504 Gross profit automotive,030,354,839 Gross margin total automotive.Gross profit automotive services segment#16,519,565,735 margin automotive. profit energy generation storage segment#1,141#288 margin. 9. Total gross profit,660,853,606 gross margin. 6."
}
{
    "_id": "TSLA20230463",
    "title": "",
    "text": "automotive sales revenue includes materials labor manufacturing overhead depreciation shipping logistic vehicle connectivity FSD maintenance electricity infrastructure Supercharger reserves warranty expenses. adjustments warranty write inventory obsolete inventory demand. benefits manufacturing credits."
}
{
    "_id": "TSLA20230464",
    "title": "",
    "text": "automotive leasing revenue depreciation goods sold warranty expense."
}
{
    "_id": "TSLA20230465",
    "title": "",
    "text": "used vehicles refurbishment non after-sales services body shops part sales Supercharging insurance retail merchandise."
}
{
    "_id": "TSLA20230467",
    "title": "",
    "text": "automotive sales revenue increased $15. 52 billion 31%, 2023 2022. increased deliveries. offset average cost per unit due sales mix lower freight material costs manufacturing costs. impacted dollar strengthening foreign currencies IRA manufacturing credits earned."
}
{
    "_id": "TSLA20230468",
    "title": "",
    "text": "automotive leasing revenue decreased $241 million 16% 2023 2022. due direct leasing lower deliveries."
}
{
    "_id": "TSLA20230469",
    "title": "",
    "text": "services revenue increased $1. 95 billion 33% 2023 2022. changes services revenue."
}
{
    "_id": "TSLA20230470",
    "title": "",
    "text": "margin automotive decreased 28. 5% 19. 4% 2023 2022. due lower selling price offset cost unit IRA manufacturing credits."
}
{
    "_id": "TSLA20230471",
    "title": "",
    "text": "margin automotive decreased 26. 5% 18. 2% 2023 2022 automotive margin decrease."
}
{
    "_id": "TSLA20230473",
    "title": "",
    "text": "energy generation storage revenue includes material labor costs warehouse rent freight warranty overhead costs amortization assets. charges write down inventory obsolete inventory demand. benefits manufacturing credits. agreements solar energy systems depreciation leased maintenance costs amortization initial direct costs."
}
{
    "_id": "TSLA20230476",
    "title": "",
    "text": "energy generation storage increased $1. 27 billion 35% 2023 2022 Megapack deployments. offset production ramping cost MWh Megapack IRA manufacturing credits."
}
{
    "_id": "TSLA20230477",
    "title": "",
    "text": "margin energy generation storage increased 7. 4% 18. 9% 2023 2022. driven Megapack margin lower cost MWh higher proportion. margin benefit IRA manufacturing credits."
}
{
    "_id": "TSLA20230482",
    "title": "",
    "text": "Ended December 31,. 2022 Change. 2021 Change millions Research development#3,969#2,593 percentage revenues"
}
{
    "_id": "TSLA20230483",
    "title": "",
    "text": "development expenses personnel costs manufacturing prototyping contract services amortized equipment."
}
{
    "_id": "TSLA20230484",
    "title": "",
    "text": "R&D expenses increased $894 million 29%, 2023 2022. costs pre-production Cybertruck AI."
}
{
    "_id": "TSLA20230485",
    "title": "",
    "text": "R&D expenses revenue 4% 2023 2022. expenses increased revenues product roadmap technologies."
}
{
    "_id": "TSLA20230490",
    "title": "",
    "text": "Ended December 31,. 2022 Change. 2021 Change millions Selling general administrative#4,800#3,946 percentage revenues"
}
{
    "_id": "TSLA20230491",
    "title": "",
    "text": "expenses personnel facilities stores marketing sales finance resources legal fees services litigation settlements."
}
{
    "_id": "TSLA20230492",
    "title": "",
    "text": "SG&A expenses increased $854 million 22% 2023 2022. $447 million headcount $363 million facilities expenses."
}
{
    "_id": "TSLA20230496",
    "title": "",
    "text": "Ended December 31,. 2022 Change. 2021 Change millions Restructuring#176 meaningful"
}
{
    "_id": "TSLA20230497",
    "title": "",
    "text": "2022 loss $204 million gains $64 million converting digital assets. expenses $36 million second quarter employee terminations."
}
{
    "_id": "TSLA20230502",
    "title": "",
    "text": "Ended December 31,. 2022 Change. 2021 Change millions Interest income#1,066"
}
{
    "_id": "TSLA20230503",
    "title": "",
    "text": "Interest income increased $769 million 259% 2023 2022. higher interest cash short-term investments rising interest rates increasing portfolio balance."
}
{
    "_id": "TSLA20230507",
    "title": "",
    "text": "Ended December 31,. 2022 Change. 2021 millions Other income#172(43)#215 meaningful"
}
{
    "_id": "TSLA20230508",
    "title": "",
    "text": "income foreign exchange gains losses assets liabilities. gains losses vary exchange rates."
}
{
    "_id": "TSLA20230514",
    "title": "",
    "text": "income net changed $215 million December 31, 2023 compared 2022. change due foreign currency exchange rates intercompany balances. Ended December vs. 2022. 2021 millions income taxes Effective tax rate"
}
{
    "_id": "TSLA20230515",
    "title": "",
    "text": "monitor realizability deferred tax assets period. December 31, 2023 evidence taxable income future earnings U. S. federal state deferred tax assets realizable. released $6. 54 billion valuation allowance. federal state exception California deferred tax assets. $5. 93 billion future remainder benefited December 31, 2023. maintain full valuation allowance California deferred tax assets not likely California tax assets ability."
}
{
    "_id": "TSLA20230516",
    "title": "",
    "text": "taxes $6. 13 billion 2023 2022 $6. 54 billion valuation allowance. state deferred tax assets."
}
{
    "_id": "TSLA20230517",
    "title": "",
    "text": "tax rate changed 8% 50% 2023 2022 due valuation allowance. federal state deferred tax assets."
}
{
    "_id": "TSLA20230518",
    "title": "",
    "text": "Note 14 Taxes statements Annual Report 10-K."
}
{
    "_id": "TSLA20230521",
    "title": "",
    "text": "cash five years. cash production research products battery cells manufacturing ramps construction future factories expansion retail service locations body shops Mobile Service fleet Supercharger NACS energy autonomy artificial intelligence products."
}
{
    "_id": "TSLA20230522",
    "title": "",
    "text": "large future expenditures fund growth adjust capital operating expenditures by segment. if manufacturing operations decrease may slow capital expenditures. evaluate cash needs raise additional capital or seek alternative financing rapid growth drawdowns on debt facilities financing funds. repay indebtedness early."
}
{
    "_id": "TSLA20230523",
    "title": "",
    "text": "believe current liquidity 12-month December 31, 2023 long-term."
}
{
    "_id": "TSLA20230524",
    "title": "",
    "text": "sections requirements cash business sources liquidity needs."
}
{
    "_id": "TSLA20230526",
    "title": "",
    "text": "enter agreements with vendors for purchase components raw materials products. due to contractual terms variability growth curves pricing binding purchase orders beyond short-term timing magnitude difficult project."
}
{
    "_id": "TSLA20230527",
    "title": "",
    "text": "Part II 7 Financial Condition Challenges 2023 Flow Capital Expenditure Trends Annual Report capital expenditures exceed $10. billion 2024 $8. $10. billion following two years. Gigafactory New York agreement spend $5. billion capital operational expenses New York December 31, 2029 deferral April 2021 SUNY Foundation August 2021. Note 15 Commitments Contingencies consolidated financial statements."
}
{
    "_id": "TSLA20230528",
    "title": "",
    "text": "December 31, 2023 $4. 68 billion $1. 98 billion 12 months. lease payments $5. 96 billion $1. 31 billion due 12 months. Note 11 12 statements Annual Report 10-K."
}
{
    "_id": "TSLA20230530",
    "title": "",
    "text": "sources cash deliveries vehicles sales installations energy storage solar systems debt equity offerings."
}
{
    "_id": "TSLA20230531",
    "title": "",
    "text": "December 2023 $16. 40 billion $12. 70 billion cash investments. $4. 43 billion Chinese euros. $5. 03 billion unused credit. Note 11 statements Annual Report 10-K."
}
{
    "_id": "TSLA20230533",
    "title": "",
    "text": "adapting strategy liquidity risk objectives investing. securities product roadmap financing."
}
{
    "_id": "TSLA20230539",
    "title": "",
    "text": "Ended December 31, millions cash operating activities,256,497 investing activities)(11,973(7,868) financing activities(3,527),203"
}
{
    "_id": "TSLA20230541",
    "title": "",
    "text": "cash flows affected by investments research development selling capital. inflows include vehicle sales lease financing payments deposits regulatory credits energy interest income. offset by payments suppliers materials expenses lease payments interest financings."
}
{
    "_id": "TSLA20230542",
    "title": "",
    "text": "cash $1. 47 billion $13. 26 billion $14. 72 billion. income $2. 93 billion offset assets liabilities $1. 46 billion."
}
{
    "_id": "TSLA20230544",
    "title": "",
    "text": "Cash flows capital expenditures $8. 90 billion 2023 $7. 16 billion 2022 factory expansion machinery equipment. purchased $6. 62 billion $5. 81 billion 2023. digital assets $936 million 2022."
}
{
    "_id": "TSLA20230546",
    "title": "",
    "text": "$6. 12 billion $2. 59 billion 2023 $3. 53 billion 2022. due $3. 93 billion $2. 01 billion repayments. Note 11 Debt consolidated statements Annual Form 10-K."
}
{
    "_id": "TSLA20230549",
    "title": "",
    "text": "Note 2 Accounting Policies Annual Report."
}
{
    "_id": "TSLA20230552",
    "title": "",
    "text": "transact business multiple currencies foreign currency risks revenue costs expenses. Chinese euro. net receiver currencies. foreign subsidiaries. changes exchange rates affect results. hedge foreign currency risk."
}
{
    "_id": "TSLA20230553",
    "title": "",
    "text": "experienced fluctuations net income gains settlement re-measurement assets liabilities local intercompany cash equivalents balances."
}
{
    "_id": "TSLA20230555",
    "title": "",
    "text": "considered trends rates adverse changes 10%. changes applied assets liabilities impact net income before taxes. gain loss $1. 01 billion December 31, 2023 $473 million December 31, 2022 no hedging."
}
{
    "_id": "TSLA20230564",
    "title": "",
    "text": "Report Independent Accounting Firm ID 238) Balance Sheets Operations Income Interests Equity Cash Flows"
}
{
    "_id": "TSLA20230568",
    "title": "",
    "text": "Board Stockholders."
}
{
    "_id": "TSLA20230569",
    "title": "",
    "text": "Statements Control Reporting"
}
{
    "_id": "TSLA20230570",
    "title": "",
    "text": "audited balance sheets Tesla. subsidiaries December 31, 2023 2022 statements operations income interests equity cash flows three years December 2023 financial. audited internal control financial reporting December 2023 Internal Control - Integrated Framework (2013)."
}
{
    "_id": "TSLA20230571",
    "title": "",
    "text": "consolidated financial statements present financial position December 31, 2023 2022 results operations cash flows three accounting principles. Company maintained internal control financial reporting 2023 Internal Control - Integrated Framework (2013) COSO."
}
{
    "_id": "TSLA20230573",
    "title": "",
    "text": "Note 2 Company changed convertible debt 2021."
}
{
    "_id": "TSLA20230575",
    "title": "",
    "text": "Company management responsible consolidated financial statements internal control assessment Report Internal Control Reporting Item 9A. opinions consolidated financial statements internal control audits. public accounting firm Oversight Board independent. federal securities laws rules Securities and Exchange Commission PCAOB."
}
{
    "_id": "TSLA20230576",
    "title": "",
    "text": "conducted audits PCAOB. standards require plan assurance consolidated financial statements free misstatement error fraud internal control."
}
{
    "_id": "TSLA20230578",
    "title": "",
    "text": "audits of consolidated financial statements included risks misstatement error or fraud. examining evidence amounts disclosures. accounting principles estimates management presentation. audit of internal control over financial reporting included understanding risk material weakness testing design effectiveness control risk. other procedures necessary. audits provide reasonable basis for opinions."
}
{
    "_id": "TSLA20230580",
    "title": "",
    "text": "internal control over financial reporting assurance reliability financial reporting preparation financial statements for accounting principles. includes policies procedures maintenance of records transactions dispositions assets assurance transactions recorded necessary preparation financial statements receipts expenditures with authorizations management directors prevention of unauthorized acquisition use disposition assets financial statements."
}
{
    "_id": "TSLA20230581",
    "title": "",
    "text": "limitations internal control financial reporting prevent misstatements. projections effectiveness future risk controls compliance policies deteriorate."
}
{
    "_id": "TSLA20230583",
    "title": "",
    "text": "critical audit matter from current period audit of consolidated financial statements communicated to audit committee relates to accounts disclosures material challenging complex judgments. communication alter our opinion on consolidated financial statements not separate opinion."
}
{
    "_id": "TSLA20230585",
    "title": "",
    "text": "Note 2 financial statements accrued warranty automotive $5,152 million December 31, 2023. manufacturer’s warranty Tesla vehicles. warranty reserve accrued costs repair recalls. estimates based claims future."
}
{
    "_id": "TSLA20230586",
    "title": "",
    "text": "principal considerations automotive warranty reserve critical judgment management Tesla models led to auditor judgment subjectivity effort assumptions nature frequency costs future claims professionals specialized skill knowledge."
}
{
    "_id": "TSLA20230587",
    "title": "",
    "text": "matter involved evaluating audit evidence forming opinion on consolidated financial statements. procedures included testing controls management’s estimate warranty reserve for Tesla models controls over assumptions nature frequency costs future claims completeness accuracy of claims incurred. procedures included testing management’s process determining warranty reserve developing independent estimate comparing. Testing process assumptions nature frequency future claims costs to repair. analysis claims claims. independent estimate completeness accuracy of historical vehicle claims management estimation future claims. Professionals specialized independent estimate warranty reserve evaluating management’s assumptions nature frequency future claims."
}
{
    "_id": "TSLA20230592",
    "title": "",
    "text": "served auditor."
}
{
    "_id": "TSLA20230593",
    "title": "",
    "text": "."
}
{
    "_id": "TSLA20230637",
    "title": "",
    "text": "2023 2022 Cash,398,253 investments,696 Accounts receivable,952 Inventory,626 Prepaid expenses assets,388,941,917 vehicles Solar Property equipment,725,548 right-use,180 Digital assets Intangible assets Goodwill Deferred tax assets non-current assets,865 Total,338 Liabilities Accounts payable,431,255 Accrued liabilities Deferred revenue liabilities,709 Deferred revenue long liabilities,330 Total,009,440 Commitments contingencies Redeemable interests subsidiaries Equity.100 shares stock. 6,000 shares 3,185 3,164 issued December 2023 2022 capital,177 loss earnings,885 equity,634 interests subsidiaries liabilities equity,338"
}
{
    "_id": "TSLA20230639",
    "title": "",
    "text": "notes consolidated statements."
}
{
    "_id": "TSLA20230640",
    "title": "",
    "text": "."
}
{
    "_id": "TSLA20230680",
    "title": "",
    "text": "December Automotive sales,210,125 credits leasing,120,476 revenues,419,462,232 Energy generation storage,789 Services,319,802,462,823 Cost sales,121,415 leasing cost revenues,389,108,393 Energy generation storage,621,918 Services cost revenues,113,609,217 Gross profit,660,853,606 Operating Research development Selling administrative Restructuring expenses,197,083 Income operations,891,656 Interest income expense taxes,719,343 taxes Net income,587 Net income noncontrolling subsidiaries income common stockholders,997,556 income share common stock Basic. 73. 87. 62. 63 average shares net income Basic,174,130,959 Diluted,386"
}
{
    "_id": "TSLA20230682",
    "title": "",
    "text": "notes consolidated statements."
}
{
    "_id": "TSLA20230683",
    "title": "",
    "text": "."
}
{
    "_id": "TSLA20230695",
    "title": "",
    "text": "Ended December Net income,587 income Foreign currency translation adjustment Unrealized net gain investments Adjustment net loss Comprehensive income,192,172,335 income noncontrolling income common stockholders,215,141,210"
}
{
    "_id": "TSLA20230697",
    "title": "",
    "text": "notes consolidated statements."
}
{
    "_id": "TSLA20230698",
    "title": "",
    "text": "."
}
{
    "_id": "TSLA20230729",
    "title": "",
    "text": "Noncontrolling Interests Stock Paid-In Capital Income Deficit Earnings Stockholders’ Equity Interests Subsidiaries Balance December 31, 2020 Adjustments periods conversion senior notes Settlements warrants Issuance common stock equity incentive awards Stock-based compensation Contributions noncontrolling interests Distributions noncontrolling interests Buy-outs noncontrolling interests Net income loss Balance December 31, 2021,803,189#826 Settlements warrants Issuance common stock equity incentive awards Stock-based compensation Distributions noncontrolling interests Buy-outs Net (loss) income,556 loss Balance December 31, 2022#409,164,177,885 Issuance common stock equity incentive awards Stock-based compensation Distributions noncontrolling interests Buy-outs noncontrolling interests Net (loss) income,997income Balance December 31, 2023,185#34,892#27,882,634#733"
}
{
    "_id": "TSLA20230731",
    "title": "",
    "text": "notes consolidated statements."
}
{
    "_id": "TSLA20230732",
    "title": "",
    "text": "."
}
{
    "_id": "TSLA20230786",
    "title": "",
    "text": "Ended December 31, Cash Flows Net income,587 Adjustments Depreciation amortization impairment,747 Stock compensation,121 Inventory purchase commitments write-downs Foreign currency transaction loss Deferred income taxes Non-cash interest activities Digital assets loss Changes assets liabilities Accounts receivable Inventory lease vehicles Prepaid expenses assets Accounts payable liabilities Deferred revenue Net cash,256,497 Cash Flows Purchases property equipment,898 solar energy systems digital assets intangible assets investments(19,112)(5,835) maturities,353 sales Receipt government grants Business combinations cash(64) cash investing activities)(11,973)(7,868) Cash Financing issuances debt,883 Repayments,351),364),167) Collateralized lease repayments stock options payments leases Debt issuance costs noncontrolling Distributions buy-outs(54) Net cash financing activities(3,527),203 exchange rate cash equivalents cash(444) cash equivalents(1,220)(1,757),144,901,189 Non-Cash Investing Financing Acquisitions property equipment liabilities,27#2,148,251 Cash interest capitalized#126#152#266 income taxes refunds#1,119#1,203#561"
}
{
    "_id": "TSLA20230788",
    "title": "",
    "text": "notes consolidated statements."
}
{
    "_id": "TSLA20230789",
    "title": "",
    "text": "."
}
{
    "_id": "TSLA20230792",
    "title": "",
    "text": "Tesla. incorporated Delaware July 1 2003. design develop manufacture sell lease electric vehicles energy generation storage services. Chief Executive Officer measures performance automotive energy generation storage."
}
{
    "_id": "TSLA20230795",
    "title": "",
    "text": "consolidated financial statements GAAP reflect our accounts operations subsidiaries controlling financial interest. ASC 810 Consolidation consolidate variable interest entity primary beneficiary. formed VIEs with financing fund investors funding solar energy systems direct vehicle leasing programs. typical condition controlling financial interest ownership majority voting interests exist. ASC 810 requires holder to consolidate VIE direct activities economic performance absorb losses right receive benefits. consolidate majority not primary beneficiary. primary beneficiary of all VIEs Note 16. evaluate relationships with VIEs. intercompany transactions balances eliminated upon consolidation."
}
{
    "_id": "TSLA20230797",
    "title": "",
    "text": "financial statements GAAP requires estimates assumptions assets liabilities revenues costs expenses disclosures. estimates resale value sales return reserves income taxes collectability receivables inventory valuation warranties assets goodwill financial instruments residual lease vehicles solar energy systems. assessed impact update estimates assets liabilities Annual Report Form 10-K. estimates change events information. results differ assumptions."
}
{
    "_id": "TSLA20230800",
    "title": "",
    "text": "balances reclassified current consolidated statements notes."
}
{
    "_id": "TSLA20230813",
    "title": "",
    "text": "table revenue Ended Automotive sales,210,125 credits Energy storage sales,376,279 Services,319,802 revenues sales services,133,453 Automotive leasing,120,476 Energy storage leasing revenues,462,823"
}
{
    "_id": "TSLA20230816",
    "title": "",
    "text": "Automotive sales revenue includes cash financing new features services performance obligation ASC 606 FSD Capability features internet connectivity free Supercharging over-the-air software updates. revenue delivery control. Payments received control payment terms except over loan term. sales return reserve future market values resale value guarantees buyback terms. internet connectivity free Supercharging-air software updates provisioned control transfer recognized over time. free Supercharging incentives recognized usage expiration. revenue over performance period ownership life. Revenue FSD Capability features functionality delivered maintenance. estimate selling price costs third-party pricing information."
}
{
    "_id": "TSLA20230818",
    "title": "",
    "text": "fees paid to lender financing automotive sales revenue. Costs contract relate to commissions sales personnel vehicles. contract costs fulfilled within year expensed as incurred. shipping handling automotive sales revenue cost freight shipping expense revenue. taxes from transaction price automotive contracts."
}
{
    "_id": "TSLA20230819",
    "title": "",
    "text": "offer resale value guarantees banking partners vehicle leasing programs. originate lease transfer vehicle partner sale under ASC 606. receive upfront payment bear casualty credit risks provide guarantee sell above contract residual value lease. estimate guarantee liability ASC 460 record balance sheet. quarterly assess estimated market value resale guarantee payments. market conditions changes. total guarantee liability immaterial December 31, 2023."
}
{
    "_id": "TSLA20230827",
    "title": "",
    "text": "Deferred revenue FSD Capability maintenance internet connectivity free Supercharging software updates automotive sales Ended December,913 Additions,178 liability pre-existing contracts Revenue recognized end period,913"
}
{
    "_id": "TSLA20230828",
    "title": "",
    "text": "Deferred revenue transaction price performance obligations unsatisfied balance sheet. December 31, 2022 $469 million December 2023. $472 million December 31, 2021 FSD Capability release North America fourth quarter 2022. total deferred revenue December 2023 $926 million next 12 months. remaining transfer control."
}
{
    "_id": "TSLA20230829",
    "title": "",
    "text": "providing loans automotive deliveries 2022. December 2023 net financing receivables $242 million $128 million $1. 04 billion $665 million non-term."
}
{
    "_id": "TSLA20230831",
    "title": "",
    "text": "earn tradable credits automotive ZEVs greenhouse economy clean fuel. sell emission standards requirements."
}
{
    "_id": "TSLA20230833",
    "title": "",
    "text": "Payments credits terms. recognize revenue sale negligible costs control purchasing party. Deferred revenue immaterial December 31, 2023 2022. Revenue December 31, 2022 2021 immaterial 2023 2022. 2022 recognized $288 million revenue changes regulation additional consideration credits sold."
}
{
    "_id": "TSLA20230836",
    "title": "",
    "text": "outstanding leases direct vehicle U. S. Canada Europe. customers lease Tesla 48 months. vehicles. leases. record leasing revenues depreciation. December 2023 2022 2021 recognized $1. 86 billion $1. 75 billion $1. 25 billion vehicle leasing revenue. December 2023 2022 deferred $458 million $407 million lease upfront payments."
}
{
    "_id": "TSLA20230837",
    "title": "",
    "text": "policy exclude taxes automotive contracts."
}
{
    "_id": "TSLA20230839",
    "title": "",
    "text": "outstanding direct leases vehicles financed sales-type leases ASC 842 Asia Europe. customers return vehicle lease term. title end after payments. programs right return purchase option title after payments. arrangements 72 months. recognize revenue costs sales-type lease automotive leasing revenue upon delivery. Interest income recorded to automotive leasing revenue. years ended December 31, 2023 2022 2021 recognized $215 million $683 million $369 million sales-type leasing revenue $164 million $427 million $234 million sales-type leasing cost."
}
{
    "_id": "TSLA20230841",
    "title": "",
    "text": "non services body shop parts Supercharging insurance merchandise."
}
{
    "_id": "TSLA20230843",
    "title": "",
    "text": "Revenues repair maintenance insurance recognized extended plans. sell used vehicles services service plans components merchandise use standalone prices revenue allocation. Payment vehicles services received control transfers terms. prepaid plans refundable cancellation included deposits. record Deferred revenue non prepayment amounts unearned insurance premiums recognized contract term. Deferred revenue excluding insurance premiums immaterial December 31, 2023 2022."
}
{
    "_id": "TSLA20230846",
    "title": "",
    "text": "Energy generation storage sales revenue sale solar energy storage systems to residential small commercial utility grade customers. Sales engineering design installation. customers pay full purchase price upfront. Revenue design installation recognized when passes inspection utility authority. Sales energy storage systems installation revenue recognized product delivered installed commissioned. Payment upon invoice payment terms business."
}
{
    "_id": "TSLA20230847",
    "title": "",
    "text": "large utility energy storage system sales engineering design installation customers make milestone payments contract phases. Revenue recognized percentage completion costs."
}
{
    "_id": "TSLA20230848",
    "title": "",
    "text": "multiple performance obligations contract allocate standalone selling price method. estimated costs plus margin market data. Costs commissions sales personnel energy storage systems. contract costs fulfilled year expensed as incurred."
}
{
    "_id": "TSLA20230849",
    "title": "",
    "text": "energy storage system contracts provide performance guarantees system minimum energy performance requirements. If pay damages. variable consideration include variable customer payments based on energy market participation activities. guarantees estimated at contract inception updated end performance data. estimates included in transaction price significant reversal revenue."
}
{
    "_id": "TSLA20230850",
    "title": "",
    "text": "deferred revenue non-refundable prepayments recognized contract term. December 31, 2023 2022 deferred revenue $1. 60 billion $863 million due contractual terms. 2022 2021 $571 million $171 million December 2023 2022. disclosure transaction price obligations energy generation storage sales one year invoice performance. December 31, 2023 transaction price $3. 43 billion. recognize $1. 05 billion 12 months rest remaining obligation period."
}
{
    "_id": "TSLA20230852",
    "title": "",
    "text": "providing loans energy since 2022. December 2023 net financing receivables $31 million $24 million Accounts $578 $387 million non-current assets long-term."
}
{
    "_id": "TSLA20230854",
    "title": "",
    "text": "revenue arrangements lease energy generation storage record revenue payments rebates incentives straight-line lease term criteria. difference payments revenue recorded deferred revenue balance sheet."
}
{
    "_id": "TSLA20230855",
    "title": "",
    "text": "solar systems purchase electricity PPAs January 1 2019 agreements operating leases ASC 840. Revenue electricity delivered rates criteria."
}
{
    "_id": "TSLA20230856",
    "title": "",
    "text": "deferred revenue prepayments term. December 31, 2023 2022 deferred revenue $181 million $191 million. rebates incentives utility companies agencies lease term. December 31, 2023 2022 revenue rebates immaterial."
}
{
    "_id": "TSLA20230857",
    "title": "",
    "text": "capitalize costs agreements solar systems referral fees sales commissions amortize term agreements."
}
{
    "_id": "TSLA20230861",
    "title": "",
    "text": "automotive sales revenue includes materials labor manufacturing overhead depreciation shipping logistic vehicle connectivity FSD maintenance electricity infrastructure Supercharger reserves warranty expenses. adjustments warranty write inventory obsolete inventory demand. benefits manufacturing credits."
}
{
    "_id": "TSLA20230863",
    "title": "",
    "text": "automotive leasing revenue depreciation goods sold warranty expense."
}
{
    "_id": "TSLA20230865",
    "title": "",
    "text": "used vehicles refurbishment non after-sales services body shops part sales Supercharging insurance retail merchandise."
}
{
    "_id": "TSLA20230869",
    "title": "",
    "text": "energy generation storage revenue includes material labor overhead freight warranty amortization acquired assets. charges write down value inventory obsolete inventory demand. benefits manufacturing credits. agreements solar energy systems revenue depreciation leased maintenance costs amortization initial direct costs."
}
{
    "_id": "TSLA20230871",
    "title": "",
    "text": "Research incurred."
}
{
    "_id": "TSLA20230873",
    "title": "",
    "text": "subject income taxes U. S. foreign jurisdictions. computed asset liability method deferred tax assets liabilities determined financial tax bases rates. Valuation allowances deferred tax assets."
}
{
    "_id": "TSLA20230874",
    "title": "",
    "text": "monitor realizability deferred tax assets factors reporting period. judgment required provision income taxes tax assets liabilities valuation allowance assets. consider history income book-tax differences volatility earnings excess tax benefits stock-based compensation impacts reversal temporary differences. rely projected future results uncertainty volatility market price common stock macroeconomic conditions income changes business income. valuation allowance assessment based best estimate future results."
}
{
    "_id": "TSLA20230875",
    "title": "",
    "text": "record liabilities uncertain tax positions sustained review. Accrued interest penalties unrecognized tax benefits income tax expense."
}
{
    "_id": "TSLA20230876",
    "title": "",
    "text": "Tax Cuts Jobs Act. shareholder low-taxed income foreign subsidiaries. GILTI expense deferred taxes. elected deferred method recorded deferred tax assets liabilities balance sheets."
}
{
    "_id": "TSLA20230878",
    "title": "",
    "text": "Comprehensive income net. foreign currency adjustments unrealized gains losses investments excluded."
}
{
    "_id": "TSLA20230880",
    "title": "",
    "text": "fair value stock options RSUs ESPP services. value awards estimated Black-Scholes option-pricing model. risk-free interest rate term volatility. subjective judgment. fair value RSUs measured grant date closing market value common stock. cost recognized service four years stock options RSUs six months ESPP. Stock compensation expense recognized straight-line net forfeitures."
}
{
    "_id": "TSLA20230882",
    "title": "",
    "text": "performance-based awards stock-based compensation expense recognized achievement probable."
}
{
    "_id": "TSLA20230883",
    "title": "",
    "text": "accumulate stock awards incorporate market data calculate volatilities expected lives impact valuation compensation expense. expense recorded Cost Research development Selling administrative expense statements."
}
{
    "_id": "TSLA20230885",
    "title": "",
    "text": "Noncontrolling redeemable represent third-party interests in assets under funding arrangements solar energy systems vehicles. contractual provisions funds represent profit-sharing arrangements. methodology calculating balance sheet approach hypothetical liquidation book value method. noncontrolling in net assets balance presented as. represent amounts third parties under liquidation provisions net assets liquidated at recorded amounts GAAP tax laws distributed to third. third parties’ interests in results operations determined as difference in noncontrolling redeemable interest balances in sheets capital transactions. redeemable noncontrolling interest balance equal to redemption amount. presented as temporary equity in mezzanine section balance sheet third parties redeem interests for cash.funds significant fluctuations net income noncontrolling liquidation provisions milestones reached."
}
{
    "_id": "TSLA20230886",
    "title": "",
    "text": "Income Share Stock"
}
{
    "_id": "TSLA20230887",
    "title": "",
    "text": "net income per share common stock calculated dividing by weighted-average shares. dilutive shares based stock-based awards warrants convertible senior notes treasury included diluted net income dilutive."
}
{
    "_id": "TSLA20230888",
    "title": "",
    "text": "convertible entered hedges warrants 11. hedges not included dilutive shares anti-dilutive. strike price warrants below average share price included tables. weighted-average shares net income common stock."
}
{
    "_id": "TSLA20230897",
    "title": "",
    "text": "table stockholders basic diluted net income share Ended December 31, Net income,997,556#5,519 Less Buy-out noncontrolling interest income basic income stock,999,583 Less Dilutive convertible debt diluted net income,999#12,584"
}
{
    "_id": "TSLA20230906",
    "title": "",
    "text": "table diluted shares net income common stock Ended December shares net income,174#3,130#2,959 Stock awards#298#310#292 Convertible senior notes Warrants#106 income diluted#3,485#3,475#3,386"
}
{
    "_id": "TSLA20230910",
    "title": "",
    "text": "table dilutive shares excluded diluted net income stock anti-dilutive Ended December 31, Stock-based awards"
}
{
    "_id": "TSLA20230912",
    "title": "",
    "text": "account business acquisitions ASC 805. total purchase consideration measured fair value assets equity instruments liabilities assumed acquisition date. Costs attributable acquisition expensed. assets liabilities noncontrolling interests measured fair values acquisition. recognize goodwill purchase noncontrolling interests assets liabilities. bargain purchase gain consolidated value liabilities excess. include results acquired financial statements acquisition date."
}
{
    "_id": "TSLA20230914",
    "title": "",
    "text": "liquid investments three months purchase cash equivalents. securities funds commercial paper."
}
{
    "_id": "TSLA20230917",
    "title": "",
    "text": "maintain cash balances restricted withdrawal use. payments secured debt. includes collateral sales letters credit real estate leases deposits insurance services. record cash balance determine classification duration restriction."
}
{
    "_id": "TSLA20230923",
    "title": "",
    "text": "total cash equivalents restricted cash consolidated statements 31, 2023 2022 2021 Cash equivalents,398,253 Restricted cash prepaid expenses current assets non-current assets,189#16,924,144"
}
{
    "_id": "TSLA20230925",
    "title": "",
    "text": "Investments. government debt commercial paper time deposits certificates deposit available-for-sale estimated value unrealized gains losses income stockholders’ equity. securities maturities three months short investments. Interest dividends amortization purchase premiums discounts."
}
{
    "_id": "TSLA20230926",
    "title": "",
    "text": "cost-sale investments identification method. gains losses recorded income."
}
{
    "_id": "TSLA20230927",
    "title": "",
    "text": "review investments for declines. includes cause decline credit losses creditworthiness issuers. amortized cost approximates fair value."
}
{
    "_id": "TSLA20230929",
    "title": "",
    "text": "Accounts receivable include from financial institutions leasing companies financing energy storage regulatory credits government rebates. provide allowance against uncollectible. write-off uncollectible."
}
{
    "_id": "TSLA20230930",
    "title": "",
    "text": "fiscal quarter accounts receivable balance waiting customer payments financing partners two weeks terms. balances regulatory credits contractual payment terms. government rebates year processing timelines. accounts receivable balance. December 31, 2023 2022 $207 million $753 million long-term government rebates receivable non-current assets consolidated balance sheets."
}
{
    "_id": "TSLA20230932",
    "title": "",
    "text": "provide financing options automotive energy products. receivables carried amortized cost allowance loan losses. Provisions loan losses charged allowance. historical economic trends forecasts future cash flows."
}
{
    "_id": "TSLA20230934",
    "title": "",
    "text": "consumer receivables review credit application contract terms credit bureau. emphasizes creditworthiness affordability credit history. strong loan origination."
}
{
    "_id": "TSLA20230935",
    "title": "",
    "text": "origination review credit quality retail financing payment activity analysis. payment principal interest 31 days past contractual due date. December 31, 2023 2022 majority receivables current status immaterial balance past due. majority originated 2023 2022."
}
{
    "_id": "TSLA20230936",
    "title": "",
    "text": "customer notes receivable MyPower loan program solar energy system 30-year originated 2018. outstanding balances credit losses balance sheets Prepaid expenses current assets non-current. December 31, 2023 2022 MyPower losses $266 million $280 million $5 million $7 million due 12 months. credit losses $36 million $37 million."
}
{
    "_id": "TSLA20230939",
    "title": "",
    "text": "instruments credit risk cash equivalents investments restricted cash accounts. cash investments balances funds. insured limits. December 2023 2022 no 10% receivables."
}
{
    "_id": "TSLA20230941",
    "title": "",
    "text": "dependent on suppliers inability deliver components timely at prices quality volumes acceptable manage components business prospects financial condition results."
}
{
    "_id": "TSLA20230943",
    "title": "",
    "text": "Inventories lower cost. computed standard vehicles energy approximates first-in-out. record write-downs excess obsolete inventories demand. inventory demand excess written-off."
}
{
    "_id": "TSLA20230944",
    "title": "",
    "text": "review inventory value exceeds net amount sale. estimated selling price less cost convert inventory finished product. inventory new lower cost basis established changes restoration increase cost."
}
{
    "_id": "TSLA20230945",
    "title": "",
    "text": "estimates future costs change write-downs required. small change financial results."
}
{
    "_id": "TSLA20230948",
    "title": "",
    "text": "leasing program cost less depreciation. straight-line-method leasing. gross cost December 31, 2023 2022 $7. 36 billion $6. 08 billion. net depreciation $1. 38 billion $1. 04 billion December."
}
{
    "_id": "TSLA20230950",
    "title": "",
    "text": "account digital assets indefinite-lived ASC 350. use third-party custodial services. recorded cost remeasured balance sheet cost net impairment losses acquisition."
}
{
    "_id": "TSLA20230951",
    "title": "",
    "text": "determine fair value digital assets nonrecurring ASC 820 based quoted prices active exchange principal market I. perform analysis each quarter decreases prices digital assets impaired. consider lowest market price digital asset since acquiring. current carrying value exceeds fair value quarter impairment loss equal difference carrying values prices determined."
}
{
    "_id": "TSLA20230952",
    "title": "",
    "text": "Impairment losses recognized Restructuring consolidated statements. Gains recorded sale presented net impairment losses assets. gain sale difference sales price carrying value assets sold."
}
{
    "_id": "TSLA20230953",
    "title": "",
    "text": "Note 3 Digital Assets."
}
{
    "_id": "TSLA20230955",
    "title": "",
    "text": "lessor solar systems. stated cost."
}
{
    "_id": "TSLA20230957",
    "title": "",
    "text": "Depreciation amortization calculated lives Solar 30 35 years"
}
{
    "_id": "TSLA20230958",
    "title": "",
    "text": "costs solar lease term 25 years"
}
{
    "_id": "TSLA20230959",
    "title": "",
    "text": "systems pending interconnection depreciated as service interconnected-service. under construction installation depreciated completed interconnected service. Initial agreement acquisition capitalized amortized over agreements."
}
{
    "_id": "TSLA20230965",
    "title": "",
    "text": "Property plant equipment recognized cost depreciation. Depreciation computed Machinery equipment vehicles office furniture 15 Tooling 7 Building 30 Computer software 10"
}
{
    "_id": "TSLA20230966",
    "title": "",
    "text": "Leasehold improvements lives terms related leases."
}
{
    "_id": "TSLA20230968",
    "title": "",
    "text": "retirement sale property equipment cost depreciation removed balance gain loss reflected operations. Maintenance repair expensed major improvements functionality capitalized depreciated life."
}
{
    "_id": "TSLA20230969",
    "title": "",
    "text": "Interest debt capitalized construction. interest construction Property plant equipment amortized assets."
}
{
    "_id": "TSLA20230971",
    "title": "",
    "text": "review property plant equipment solar long-term prepayments intangible assets. measure recoverability carrying amount future cash flows. not recoverable adjusted fair value. December 2023 2022 2021 no impairments long-lived assets."
}
{
    "_id": "TSLA20230972",
    "title": "",
    "text": "Intangible assets amortized seven thirty years."
}
{
    "_id": "TSLA20230974",
    "title": "",
    "text": "assess goodwill annually fourth quarter carrying value reporting fair value. 2023 2022 2021 impairment goodwill."
}
{
    "_id": "TSLA20230976",
    "title": "",
    "text": "capitalize costs software Property plant equipment consolidated balance sheets. preliminary post-implementation expensed. amortized three five years."
}
{
    "_id": "TSLA20230977",
    "title": "",
    "text": "Software development costs leased technological feasibility prior availability capitalized when significant. costs amortized over estimated useful life software available."
}
{
    "_id": "TSLA20230978",
    "title": "",
    "text": "evaluate lives test impairment recoverability. December 31, 2023 2022 2021 no impairments capitalized software."
}
{
    "_id": "TSLA20230980",
    "title": "",
    "text": "determine functional currency international subsidiaries divisions primary currency. not. dollar cumulative translation adjustment rates income loss balance. apply monthly exchange rate income-end currency rate balance sheet."
}
{
    "_id": "TSLA20230982",
    "title": "",
    "text": "Foreign currency gains losses exchange rate changes. recognized statements. 2023 2022 2021 net foreign currency gain $122 million loss $89 million gain $97 million."
}
{
    "_id": "TSLA20230991",
    "title": "",
    "text": "provide manufacturer’s warranty new used vehicles installation energy generation storage systems 10 to 25 years. accrue warranty reserve products includes costs repair recalls. estimates based claims incurred future. estimates uncertain changes cause changes. include costs vehicles solar energy systems costs expensed as incurred. reserve incurred next 12 months included Accrued liabilities remaining balance long-term liabilities. liabilities indemnification suppliers record receivables Prepaid expenses current assets non-current assets. Warranty expense recorded Cost revenues consolidated statements. automotive accrued warranty balance related automotive segment.warranty activity Ended December 31, period,101 costs(1,225)(803) changes liability warranties expirations foreign exchange impact Provision warranty,333 period,152,101"
}
{
    "_id": "TSLA20230993",
    "title": "",
    "text": "deposits refundable cash payments product additional payments delivery installation. prepayments maintenance plans. included Accrued liabilities consolidated balance sheets until refunded forfeited applied purchase balance."
}
{
    "_id": "TSLA20230995",
    "title": "",
    "text": "business impacted by government programs incentives arrangements. incentives recorded financial statements reduction expense offset capital asset. benefit recorded conditions assurance receipt."
}
{
    "_id": "TSLA20230998",
    "title": "",
    "text": "August 16, 2022 IRA enacted effective taxable years December 31, 2022. clean energy electric vehicles battery energy storage corporate tax 15% income profits $1 billion. measures affect consolidated financial statements. December 31, 2023 material costs. evaluate effects guidance."
}
{
    "_id": "TSLA20231000",
    "title": "",
    "text": "lease Research Foundation SUNY Foundation Gigafactory New York. buildouts. comply covenants hiring investment targets. SUNY Foundation construction costs acquisition equipment responsible construction costs Note 15 Commitments Contingencies. incentive reduces lease costs Energy generation storage cost operating expense statements."
}
{
    "_id": "TSLA20231002",
    "title": "",
    "text": "agreement with Shanghai land use rights Gigafactory Shanghai. meet capital expenditure annual tax revenue target 2023. incentives capital investments Note 15 Commitments Contingencies. December 31, 2022 received grant funding $76 million. incentives offset costs capital investment Property equipment. reduces depreciation expense equipment."
}
{
    "_id": "TSLA20231004",
    "title": "",
    "text": "Gigafactory Nevada agreements Nevada Storey County abatements taxes discounts tax credits $195 million capital hiring targets."
}
{
    "_id": "TSLA20231006",
    "title": "",
    "text": "construction Gigafactory Texas 20-year agreement Travis County grant funding 70-80% property taxes 10-year agreement Del Valle Independent School District taxable value property capped amount economic development metrics. expenses automotive revenues operating. December 31, 2023 grant funding property taxes immaterial."
}
{
    "_id": "TSLA20231009",
    "title": "",
    "text": "401(k) savings plan. deferred salary Internal Revenue Code internationally. employees contribute 90% compensation limitations. January 2022 50% contributions 6% $3,000) compensation one year service. December 2023 2022 recognized $99 million $91 million expenses contributions."
}
{
    "_id": "TSLA20231012",
    "title": "",
    "text": "November 2023 Financial Accounting Standards Board issued ASU. 2023-07 Improvements Reportable Segment Disclosures 280. updates disclosure requirements expenses Chief Operating Decision Maker. requires title position CODM explanation performance resources. effective December 15 2023 interim after December 15 2024. Adoption retrospectively periods financial statements. Early adoption permitted. additional disclosures. evaluating provisions adopt December 31, 2024."
}
{
    "_id": "TSLA20231013",
    "title": "",
    "text": "December 2023 FASB issued ASU. 2023-08 Accounting Disclosure Crypto Assets 350-60). requires crypto assets fair value balance sheet income statement. name cost basis fair value number units crypto holding. effective after December 15 2024 interim periods. Adoption requires adjustment opening balance earnings. Early adoption permitted. must adopt fiscal year. gains losses consolidated financial statements disclosures. evaluating adoption carrying value crypto assets gains losses."
}
{
    "_id": "TSLA20231014",
    "title": "",
    "text": "December 2023 FASB issued ASU. 2023-09 Improvements Income Tax Disclosures 740). requires tax rate reconciliation taxes. effective December 15 2024. Early statements. disclosures consolidated financial statements."
}
{
    "_id": "TSLA20231016",
    "title": "",
    "text": "October 2021 FASB issued ASU. 2021-08 Accounting Contract Assets Liabilities 805). requires acquirer recognize assets liabilities contracts Topic 606. applies revenue model contracts. effective December 15 2022 interim. adopted January 1, 2023. financial statements."
}
{
    "_id": "TSLA20231018",
    "title": "",
    "text": "2022 FASB issued ASU 2022-02 Troubled Debt Restructurings Disclosures. eliminates debt restructurings 2016-13 January 1 2020. enhances disclosure loan refinancing restructurings difficulty. amends write-offs year origination financing receivables investments ASC 326-20. effective December 15 2022. adopted January 1, 2023. financial statements."
}
{
    "_id": "TSLA20231020",
    "title": "",
    "text": "August 2020 FASB issued ASU 2020-06 Accounting Convertible Instruments Contracts Equity. simplifies accounting instruments separation models ASC 470-20. updates guidance embedded conversion features Topic 815 contract. convertible debt instruments accounted single liability amortized cost. interest expense closer coupon interest rate Topic 835. EPS guidance Topic 260 instruments if-converted method diluted EPS calculation net share settlement method. Topic 815-40 contract scope exception derivative accounting. amendments change scope contracts assets liabilities."
}
{
    "_id": "TSLA20231021",
    "title": "",
    "text": "January 1, 2021 adopted ASU retrospective method. $211 million deficit. recombination equity conversion debt capital reduced $474 million senior notes reduced $51 million. removal debt net debt $269 million reduced property plant equipment $45 million. prior statements adjusted accounting standards."
}
{
    "_id": "TSLA20231023",
    "title": "",
    "text": "2023 2022 purchased received digital assets. 2023 recorded losses. 2022 $204 million losses gains $64 million converting fiat currency. gains net losses consolidated statements. December 2023 2022 value impairment $204 million."
}
{
    "_id": "TSLA20231025",
    "title": "",
    "text": "Goodwill increased $59 million automotive $194 million 2022 $253 million combination divestiture. no losses."
}
{
    "_id": "TSLA20231026",
    "title": "",
    "text": "intangible $215 million 2022 $178 million 2023 amortization."
}
{
    "_id": "TSLA20231037",
    "title": "",
    "text": "ASC 820 Fair Value Measurements states value exit price amount received sell asset transfer liability transaction between market participants. fair value market-based measurement determined assumptions pricing liability. three-tiered fair value hierarchy prioritizes inputs I observable inputs prices II III unobservable inputs little no market data. hierarchy requires observable market data. assets liabilities measured at fair value 31, 31, 2022 Value Money market funds.government securities,136 Corporate debt securities Certificates deposit deposits,253 Commercial paper Total#13,191,082,220,188#6,032"
}
{
    "_id": "TSLA20231038",
    "title": "",
    "text": "money market funds Level I prices. government securities certificates deposit commercial paper deposits corporate debt Level II market approach."
}
{
    "_id": "TSLA20231056",
    "title": "",
    "text": "cash equivalents investments December 31, 2023 2022 31, Cost Unrealized Gains Value Equivalents-Term Investments,903 Money market funds U. S. government securities Corporate debt securities Certificates deposit deposits Commercial paper Total cash equivalents short investments,098 31, Cost Unrealized Gains Value Equivalents-Term Investments,965 Money market funds.securities Corporate debt securities Certificates deposit deposits,252 cash equivalents short investments,209,185,253"
}
{
    "_id": "TSLA20231058",
    "title": "",
    "text": "record gains losses credit losses income statements. years December 31, 2023 2022 gains losses credit losses. balances credit losses immaterial. unrealized losses investments temporary."
}
{
    "_id": "TSLA20231063",
    "title": "",
    "text": "table summarizes investments maturities December 31, 2023 Due 1 year,374 5 10 years,696"
}
{
    "_id": "TSLA20231065",
    "title": "",
    "text": "instruments-measured digital assets accrued liabilities deposits debt. values approximate values. Convertible Senior Notes 2024 digital assets."
}
{
    "_id": "TSLA20231070",
    "title": "",
    "text": "estimate 2024 Notes valuation methodologies risk measurements credit risk II. estimate values digital assets prices markets I. table estimated values carrying values 31, 2023 31, 2022 2024 Notes Digital assets"
}
{
    "_id": "TSLA20231078",
    "title": "",
    "text": "inventory 2023 2022 Raw materials,390,137,385 Finished goods,049 Service parts,171 Total,626"
}
{
    "_id": "TSLA20231079",
    "title": "",
    "text": "goods inventory includes transit new used energy products."
}
{
    "_id": "TSLA20231081",
    "title": "",
    "text": "write excess obsolete net value less carrying. 2023 2022 2021 write-downs $233 million $144 million $106 million."
}
{
    "_id": "TSLA20231092",
    "title": "",
    "text": "solar energy systems 31, 2023 31, 2022 service Initial costs lease acquisition accumulated depreciation amortization(1,643)(1,418),216,471 construction interconnection net,229,489"
}
{
    "_id": "TSLA20231093",
    "title": "",
    "text": "expense 2023 2022 2021 $235 $236 million."
}
{
    "_id": "TSLA20231094",
    "title": "",
    "text": "2023 2022 $740 $802 million solar depreciation $157 $148 million."
}
{
    "_id": "TSLA20231106",
    "title": "",
    "text": "property equipment 2023 2022 Machinery equipment vehicles office furniture,372,558 Tooling,147 Leasehold improvements,366 Land buildings Computer Construction,263,589 depreciation,725,548"
}
{
    "_id": "TSLA20231107",
    "title": "",
    "text": "Construction expansion equipment tooling manufacturing. Completed assets transferred classes depreciation begins ready use."
}
{
    "_id": "TSLA20231108",
    "title": "",
    "text": "Depreciation 2021 $3. $2. 42. 91."
}
{
    "_id": "TSLA20231110",
    "title": "",
    "text": "Panasonic Gigafactory Nevada production equipment battery cells. purchase full output negotiated prices. account production equipment leased production. non components. cost equipment consolidated balance sheets liability debt finance leases. Depreciation Panasonic equipment computed units-of-production method capitalized costs amortized productive life. December 31, 2023 2022 capitalized gross costs $2. 02 billion $2. 01 billion balance sheets Panasonic arrangement."
}
{
    "_id": "TSLA20231122",
    "title": "",
    "text": "accrued liabilities 31, 2023 2022 purchases,721,747 warranty reserve Payroll costs,325 Taxes Customer deposits lease liabilities Sales return reserve liabilities,080,205"
}
{
    "_id": "TSLA20231123",
    "title": "",
    "text": "purchases receipts goods services invoiced. invoiced balance accounts payable increase."
}
{
    "_id": "TSLA20231124",
    "title": "",
    "text": "value income sales property use tax."
}
{
    "_id": "TSLA20231131",
    "title": "",
    "text": "long-term liabilities 31, 2023 2022 lease,671,164 warranty reserve,606,480 non-current liabilities,330"
}
{
    "_id": "TSLA20231150",
    "title": "",
    "text": "summary debt leases December 31, 2023 Carrying Value Principal Balance Committed Amount Interest Rates Recourse debt 2024 Notes. RCF Credit Agreement Solar Bonds. 75% recourse debt,028 Non-recourse debt Automotive Asset Notes. Solar Asset-backed Notes. Cash Equity Debt. non-recourse debt Finance leases"
}
{
    "_id": "TSLA20231167",
    "title": "",
    "text": "debt leases December 31, 2022 Carrying Value Principal Balance Committed Amount Interest Rates Recourse debt 2024 Notes. Agreement Solar Bonds. 75% debt,266 Non-recourse debt Automotive Asset-backed Notes. Solar Asset-backed Notes. Cash Equity Debt. Automotive Lease-backed Credit Facilities non debt Finance leases"
}
{
    "_id": "TSLA20231168",
    "title": "",
    "text": "no restrictions draw-down funds RCF Credit Agreement except conditions. section terms facility."
}
{
    "_id": "TSLA20231169",
    "title": "",
    "text": "no restrictions draw-down corporate funds credit facilities except conditions pledging receivables inventories leased vehicles interests assets."
}
{
    "_id": "TSLA20231170",
    "title": "",
    "text": "Recourse. Non-recourse subsidiaries. differences unpaid principal balances net carrying values discounts deferred costs. December 2023 debt covenants."
}
{
    "_id": "TSLA20231172",
    "title": "",
    "text": "closing price common stock 130% conversion 2024 Notes 20 30 days 2023. December 31, 2023-converted value exceeds principal $406 million. Notes settled cash shares common stock election."
}
{
    "_id": "TSLA20231174",
    "title": "",
    "text": "June 2015, senior credit agreement banks. Borrowed funds interest 1% LIBOR federal funds rate. 50% lenders’ 1% LIBOR. fee undrawn amounts. 25% annum. secured accounts inventory equipment. Availability value reduced reserves."
}
{
    "_id": "TSLA20231176",
    "title": "",
    "text": "January 2023 entered 5-year unsecured revolving credit facility banks replace Agreement terminated. two one-year extensions commitment $5. billion $7. billion. underlying borrowings corporate purposes. Borrowed funds accrue interest variable rate dollar-denominated loans 0. 10% alternate base rate pounds sterling euros adjusted EURIBOR margin. based rating indebtedness. fee undrawn amounts variable Rating 0. 125% per annum."
}
{
    "_id": "TSLA20231178",
    "title": "",
    "text": "transfer receivables interests vehicles special purpose entities issue Automotive Asset-backed Notes investors. SPEs consolidated financial statements. cash flows principal interest payments expenses remaining cash distributed to owners. recognize revenue lease financing contracts policy. assets cash flows not available creditors no recourse."
}
{
    "_id": "TSLA20231179",
    "title": "",
    "text": "2023 interests vehicles SPEs issued $3. 93 billion Automotive Asset-backed Notes. proceeds $3. 92 billion."
}
{
    "_id": "TSLA20231181",
    "title": "",
    "text": "cash equity financing 2016, subsidiaries issued $502 million rates. secured interests funds non-recourse."
}
{
    "_id": "TSLA20231183",
    "title": "",
    "text": "2023 terminated Automotive Lease Credit funds borrowings."
}
{
    "_id": "TSLA20231185",
    "title": "",
    "text": "December 2022 pledged $4. 64 billion $2. billion receivables cash equity interests debt."
}
{
    "_id": "TSLA20231195",
    "title": "",
    "text": "future maturities debt December 31, 2023-recourse debt 2024 2025 2026 2027 2028####221 Total#4,639"
}
{
    "_id": "TSLA20231197",
    "title": "",
    "text": "entered lease agreements offices manufacturing retail locations data centers equipment vehicles solar systems worldwide. determine record leases statements lease commencement asset available."
}
{
    "_id": "TSLA20231199",
    "title": "",
    "text": "lease agreements non-lease components practical expedient single lease exception direct sales leases production equipment supply agreements. timing pattern transfer same non-lease lease component lease separately operating lease."
}
{
    "_id": "TSLA20231200",
    "title": "",
    "text": "elected not present short-term leases consolidated balance 12 months purchase options renewal terms. lease assets liabilities recognized present value lease payments. leases implicit return used incremental borrowing rate determining present value."
}
{
    "_id": "TSLA20231201",
    "title": "",
    "text": "leases include options extend term 10 years. Some terminate end term. calculating lease liabilities terms include options extend terminate certain exercise."
}
{
    "_id": "TSLA20231202",
    "title": "",
    "text": "Lease expense recognized cost revenues expenses asset. leases increases index rate. calculate future lease payments new leases. Differences calculated expensed as incurred. Amortization lease assets recognized cost revenues expenses. Interest expense on finance lease liabilities recognized statements operations."
}
{
    "_id": "TSLA20231217",
    "title": "",
    "text": "balances operating finance leases millions balance sheets 31, 2023 2022 Operating leases right-of-use assets,180 Accrued liabilities-term liabilities,164 liabilities,343 Finance leases Solar energy systems Property plant equipment finance lease assets,119 debt leases finance lease liabilities"
}
{
    "_id": "TSLA20231227",
    "title": "",
    "text": "components lease expense consolidated statements Ended December lease expense#1,153#798#627 Amortization leased assets#506#493 Interest lease liabilities finance lease#551#504#1,704,363,131"
}
{
    "_id": "TSLA20231228",
    "title": "",
    "text": "short variable costs."
}
{
    "_id": "TSLA20231236",
    "title": "",
    "text": "31, 2023 2022 lease term Operating leases. 4. 4 Finance leases. 3. 1 discount rate Operating leases. Finance."
}
{
    "_id": "TSLA20231245",
    "title": "",
    "text": "cash flow leases Ended December Cash paid lease liabilities cash outflows leases#1,084#754#616 finance leases payments#75#89 Leased assets finance lease liabilities#486 operating lease liabilities,170#1,059#818"
}
{
    "_id": "TSLA20231258",
    "title": "",
    "text": "December 31, 2023 maturities operating lease liabilities 2024 2025 2026 2027 2028 lease payments,360 Interest lease obligations,343 Current portion Long-term,671"
}
{
    "_id": "TSLA20231259",
    "title": "",
    "text": "2023 excluded leases rent $1. 53 billion. commence 2024 2025 2 20 years."
}
{
    "_id": "TSLA20231269",
    "title": "",
    "text": "lessor vehicle solar energy Note 2 Accounting Policies. December 31, 2023 sales receivables five years Leases 2024 2025 2026 2027 2028 lease receivables#4,742"
}
{
    "_id": "TSLA20231271",
    "title": "",
    "text": "table include vehicle sales leasing resale value guarantee cash payments received upfront. solar PPA arrangements charged power predefined rate kilowatt-hour. future payments not power."
}
{
    "_id": "TSLA20231282",
    "title": "",
    "text": "investment leases present future payments Prepaid expenses current assets non-current assets long-term. Lease receivables 31, 2023 31, 2022 lease receivables#780#837 Unearned interest income credit losses investment#696##738 Prepaid expenses current assets#189$#164 non-current assets####574#696#738"
}
{
    "_id": "TSLA20231284",
    "title": "",
    "text": "December 31, 2023 five transactions fund arrangements. subsidiaries finance solar energy systems master leases 10 25 years. systems lease term 25 years."
}
{
    "_id": "TSLA20231292",
    "title": "",
    "text": "lease pass-through fund investor large upfront payment lessor payments. December 31, 2023 future minimum lease payments five years 2024 2025 2026 Total#468"
}
{
    "_id": "TSLA20231294",
    "title": "",
    "text": "June 2019 adopted 2019 Equity Incentive Plan. stock options restricted stock RSUs appreciation rights performance units shares employees directors consultants. nonstatutory. Incentive. Nonstatutory. options RSUs vest four years 10 years. Vesting terminates employment."
}
{
    "_id": "TSLA20231296",
    "title": "",
    "text": "December 2023. million 2019 Plan."
}
{
    "_id": "TSLA20231306",
    "title": "",
    "text": "table summarizes stock RSU activity December 2023 Options Options Exercise Price Contractual Life Intrinsic Value billions RSUs Grant Date.,333. Granted.,743. Exercised released. 47 Cancelled. 23. 22 period,021.,088. Vested expected vest December 31, 2023,884.,446. 76 Exercisable vested December 31, 2023,124."
}
{
    "_id": "TSLA20231307",
    "title": "",
    "text": "-average grant 2022 2021 $228. $239. $261. release $2. 50 billion $4. 32 billion $5. 70 billion."
}
{
    "_id": "TSLA20231308",
    "title": "",
    "text": "2023 2022 $1. 33 billion. 90. 88 billion. 2021 CEO exercised options 2012 Award $23. 45 billion."
}
{
    "_id": "TSLA20231310",
    "title": "",
    "text": "employees purchase common stock deductions 15% compensation limitations. purchase price 85% fair market first last six-month period. 2023 2022 2021 issued. 5 million shares. 2023 97. 8 million shares."
}
{
    "_id": "TSLA20231319",
    "title": "",
    "text": "fair value method stock compensation expense. estimate stock option award performance conditions ESPP grant Black-Scholes option pricing model. weighted-average assumptions Ended December Risk-free interest rate. Expected term years. volatility Dividend yield. Grant date fair value per share."
}
{
    "_id": "TSLA20231321",
    "title": "",
    "text": "fair value RSUs conditions measured grant date closing market value common stock. risk-free interest rate. Treasury yield zero-coupon. life. historical data term grants. volatility implied options historical volatility."
}
{
    "_id": "TSLA20231323",
    "title": "",
    "text": "March 2018 stockholders approved 304. million stock option awards 2020 2022 Stock Split CEO CEO Performance. 12 vesting tranches operational milestones market conditions continued employment CEO Executive Chairman Chief Product Officer. 12 tranches vested certification market capitalization milestone $100. 0 billion $50. 0 billion achieved eight operational milestones revenue Adjusted EBITDA achieved four consecutive fiscal quarters reported financial statements 10-Q 10-K. Adjusted EBITDA net income before interest expense income taxes depreciation amortization stock-based compensation. vesting exercise price $23. 34 per share 2020 2022 CEO hold shares five years post-exercise exercise price tax withholding."
}
{
    "_id": "TSLA20231334",
    "title": "",
    "text": "achievement status operational milestones December 31, 2023 provided. Annualized Revenue Adjusted EBITDA billions) Status#20.#1.#35.#3.#55.#4.#75.#6.#100.#8.#125.#10.#150.#12.#175.#14."
}
{
    "_id": "TSLA20231335",
    "title": "",
    "text": "Stock-based compensation 2018 CEO Performance Award non-cash recorded Selling administrative operating expense in consolidated statements. each quarter recognized expense pro-rated for tranches 12 operational milestones achieved principles."
}
{
    "_id": "TSLA20231336",
    "title": "",
    "text": "grant date Monte Carlo simulation each tranche fixed expense future time market capitalization milestone milestone achievement time. subjective assessment future financial performance quarter determined probable achieve operational milestone not achieved future time achievement time."
}
{
    "_id": "TSLA20231338",
    "title": "",
    "text": "December 31, 2022 expense 2018 Award recognized. 2021 $66 million $910 million 2018 Award."
}
{
    "_id": "TSLA20231340",
    "title": "",
    "text": "Compensation Committee performance RSUs stock options."
}
{
    "_id": "TSLA20231341",
    "title": "",
    "text": "December 31, 2023 unrecognized stock $655 million grants 5. 3 million shares stock. $110 million 4. years."
}
{
    "_id": "TSLA20231342",
    "title": "",
    "text": "2023 2022 $57 $159 million stock compensation forfeitures."
}
{
    "_id": "TSLA20231350",
    "title": "",
    "text": "table stock compensation expense line item Ended December Cost revenues#741#421 Research development Selling general administrative Total,121"
}
{
    "_id": "TSLA20231351",
    "title": "",
    "text": "income tax benefits stock compensation valuation. deferred tax 2022 2021. valuation allowance 2023 benefits $326 million 2023. 2022 2021 expense $199 million $245 million $182 million. December 31, 2023 $4. 82 billion unrecognized expense non recognized 2. 8 years."
}
{
    "_id": "TSLA20231360",
    "title": "",
    "text": "income before taxes December 2023 2022 2021 Ended December Domestic#3,196#5,524 Noncontrolling Foreign,800,348 before taxes#9,973,719,343"
}
{
    "_id": "TSLA20231374",
    "title": "",
    "text": "income taxes $(5. billion $1. 13 billion $699 million recognized years December 31, 2023 2022 2021. components Ended December Current Federal State Foreign Total current,348,328 Deferred Federal,246) State Foreign(450 Total deferred,349) taxes(5,001),132#699"
}
{
    "_id": "TSLA20231389",
    "title": "",
    "text": "reconciliation federal 2023 2022 2021 Tax federal rate,332 State tax federal benefit Nondeductible executive compensation Excess tax benefits stock compensation Nontaxable manufacturing credit Foreign income rate differential. tax credits GILTI inclusion,279 Unrecognized tax benefits valuation allowance income taxes"
}
{
    "_id": "TSLA20231391",
    "title": "",
    "text": "monitor realizability deferred tax assets factors reporting period. December 31, 2023 evidence taxable income future earnings U. S. federal state deferred tax assets realizable. released $6. 54 billion valuation allowance. exception California deferred assets. maintain full valuation allowance California assets December 31, 2023 California tax assets exceed ability."
}
{
    "_id": "TSLA20231414",
    "title": "",
    "text": "Deferred tax 2023 2022 loss Research development credits tax credits Deferred revenue Inventory warranty reserves Stock compensation lease-use liabilities research development costs,344 Deferred GILTI tax assets Accruals deferred tax assets,774 Valuation allowance,349,184 Depreciation amortization financing funds Operating lease-use assets Total deferred tax liabilities,230"
}
{
    "_id": "TSLA20231415",
    "title": "",
    "text": "December 31, 2023 maintained valuation allowances $892 million deferred tax assets California foreign operating losses. allowance decreased $6. 46 billion $1. 73 billion 2023 2022 increased $6. 14 billion 2021. decrease 2023 due release. federal state deferred tax assets. changes 2022 2021 due changes. deferred tax assets liabilities. recorded valuation allowance foreign operating losses not. remainder assets likely."
}
{
    "_id": "TSLA20231416",
    "title": "",
    "text": "December 31, 2023 $10. 31 billion federal $10. 36 billion state operating loss carry-forwards future income 2024. laws restrictions carry-forwards change Section 382 Internal Revenue Code. no limitation-forwards ownership changes expirations."
}
{
    "_id": "TSLA20231418",
    "title": "",
    "text": "December 31, 2023 federal $1. 10 billion renewable energy $605 million state $923 million. California. expire 2036. California credits carried forward indefinitely."
}
{
    "_id": "TSLA20231419",
    "title": "",
    "text": "Shanghai granted tax 15% enterprises 25%. Gigafactory Shanghai subsidiary granted 15% 2019 2023. Starting 2024 subject 25%."
}
{
    "_id": "TSLA20231420",
    "title": "",
    "text": "December 31, 2023 reinvest foreign earnings cash unless no minimal tax costs. recorded taxes. no deferred tax liabilities. estimated unrecognized withholding tax liability $245 million."
}
{
    "_id": "TSLA20231437",
    "title": "",
    "text": "changes unrecognized tax benefits December 31, 2020 Increases Decreases(90) Increases December 31, 2021 Increases Decreases) Increases Decreases expiration statute limitations December 31, 2022 Increases Decreases settlement tax authorities Increases current year positions Decreases expiration statute limitations December 31, 2023,174"
}
{
    "_id": "TSLA20231438",
    "title": "",
    "text": "interest penalties tax benefits income tax. recognized interest penalties $17 million $27 million $4 million 2023 2022 2021. accrued $47 million $31 million benefits. $901 million affect tax rate."
}
{
    "_id": "TSLA20231439",
    "title": "",
    "text": "file income tax returns U. S. foreign jurisdictions. examination Internal Revenue Service 2015 2018. Additional 2004 2014 2019 2022. operating losses tax credits adjustment. tax returns 2004 years."
}
{
    "_id": "TSLA20231440",
    "title": "",
    "text": "uncertainty timing tax examinations estimate change tax benefits twelve months."
}
{
    "_id": "TSLA20231444",
    "title": "",
    "text": "operating lease SUNY Foundation Gigafactory New York. lease research facility."
}
{
    "_id": "TSLA20231445",
    "title": "",
    "text": "agreement obligated meet employment targets minimum numbers personnel New York Buffalo spend $5. 00 billion capital operational expenses costs 10-year period April 30, 2018. fail investment job creation requirements pay $41 million SUNY Foundation each year. arrangement terminated breach additional amounts payable."
}
{
    "_id": "TSLA20231446",
    "title": "",
    "text": "2021 amendment agreement spend $5. billion capital expenses New York through December 31, 2029. February 1, 2022 reported met exceeded requirements jobs investment Buffalo New York. December 31, 2023 expect requirements. expectations incorrect incur expenses payments SUNY Foundation."
}
{
    "_id": "TSLA20231448",
    "title": "",
    "text": "lease 50 years Shanghai constructing Gigafactory Shanghai. spend RMB 14. 08 billion capital 2023 generate RMB 2. 23 billion annual tax revenues. December 31, 2023 tax revenue requirements."
}
{
    "_id": "TSLA20231451",
    "title": "",
    "text": "June 4 2018 Tesla stockholder filed action Delaware Elon Musk waste unjust enrichment compensation. Trial November 14-18 2022. Post-trial briefing argument complete."
}
{
    "_id": "TSLA20231453",
    "title": "",
    "text": "June Tesla stockholder filed action Delaware Court directors compensation 2017 2020. breach fiduciary duty unjust enrichment seeks relief damages. Defendants September 17, 2020."
}
{
    "_id": "TSLA20231454",
    "title": "",
    "text": "July 14, 2023 parties filed Stipulation Agreement Compromise Settlement wrongdoing. approved settled dismissed prejudice. Tesla notice settlement stockholders. Court hearing October 13, 2023 settlement fee request advisement. settlement cash flows financial position."
}
{
    "_id": "TSLA20231457",
    "title": "",
    "text": "August September 6 nine stockholder class actions filed Tesla Elon Musk. Tesla. January 16, 2019 Plaintiffs consolidated complaint Northern District California board. securities laws damages. certification stockholders granted November 25, 2020. Trial January 17, 2023 February 3, 2023 jury. judgment new trial denied judgement July 11, 2023. July 14, 2023 appeal."
}
{
    "_id": "TSLA20231458",
    "title": "",
    "text": "October 17, 2018 March 8, 2021 seven lawsuits filed Delaware Court Chancery Tesla against. Musk board directors private transaction Twitter posts. Musk. Five actions consolidated seven stayed pending. two lawsuits filed October 25, 2018 February 11, 2019 U. S. District Court Delaware Tesla against. Musk board. consolidated stayed pending."
}
{
    "_id": "TSLA20231459",
    "title": "",
    "text": "October lawsuit filed Delaware shareholder Tesla board members breached duties oversight 2018 settlement SEC. seeks reforms governance damages attorneys’ fees. March 5 2024."
}
{
    "_id": "TSLA20231460",
    "title": "",
    "text": "November 15, 2021 JPMorgan Chase Bank filed lawsuit Tesla Southern New York breach stock warrant agreement 2014. 2018 JP Morgan informed Tesla adjusted strike price. Musk’s August 7 2018 Tesla. disputed adjustment. 2021 delivered shares JP Morgan. JP Morgan owed $162 million additional shares adjustment. January 24, 2022 Tesla filed counterclaims JP Morgan terminated stock warrant agreement 2018. Tesla adjustments. JP Morgan filed motion judgment Tesla opposed Court."
}
{
    "_id": "TSLA20231462",
    "title": "",
    "text": "October 4 2021 Diaz. Tesla California former worker race discrimination Fremont Factory. retrial March 27, 2023 $3,175,000. damages $136. million $15 million 13, $3. 175 million, 2023. November 2, 2023 plaintiff November 16, Tesla cross appeal."
}
{
    "_id": "TSLA20231463",
    "title": "",
    "text": "February 9 2022 Diaz verdict California Civil Rights Department Tesla Alameda race discrimination hostile work environment pay equity. damages injunctive relief. September 22, 2022 Tesla complaint Administrative Procedures Act demurrer refiled. discovery."
}
{
    "_id": "TSLA20231464",
    "title": "",
    "text": "June 1 2022 Equal Employment Tesla allegations. September 28, 2023 complaint Tesla California race harassment retaliation monetary injunctive relief. December 18 Tesla stay. December 26, dismiss."
}
{
    "_id": "TSLA20231466",
    "title": "",
    "text": "June 16 2022 Tesla stockholders actions. Western Texas directors. breach fiduciary duty unjust enrichment securities laws race discrimination sexual harassment. relief damages fees. July 22, consolidated cases September 6 complaint. November 7, dismiss September 15 2023 dismissed amended complaint. November 2, 2023 amended complaint Elon Musk. December 19, dismiss."
}
{
    "_id": "TSLA20231468",
    "title": "",
    "text": "subject to lawsuits relief. class actions consumer claims defects misrepresentations products. September 14, 2022 class action filed against Tesla. Northern District California driver assistance. consolidated Consolidated Amended Complaint filed October 28, 2022 damages relief Tesla January 1 2016. October 5, 2022 class. Eastern District New York claims. September 30, 2023 Court dismissed amend. November 20, 2023 plaintiff Tesla opposed. March 22, 2023 plaintiffs Northern Tesla cease Self-Driving cease sale deactivate provide notices. Tesla opposed. September 30, 2023 Court denied compelled four plaintiffs arbitration dismissed amend. October 31, 2023 remaining plaintiff amended complaint Tesla. October 2, 2023 class action San Diego County Superior Court California.San Diego federal January 8 2024 granted. District Northern District California."
}
{
    "_id": "TSLA20231469",
    "title": "",
    "text": "February 27, 2023 class action filed. Northern California Tesla. Elon Musk executives. misrepresentations Autopilot FSD seeks damages Tesla. amended complaint September 5, 2023 Tesla. Elon Musk. November 6, 2023 Tesla."
}
{
    "_id": "TSLA20231470",
    "title": "",
    "text": "March 14 2023 class action filed Tesla. Northern District California. similar complaints consolidated. Tesla violates antitrust warranty laws damages 2019 2023. July 17, 2023 plaintiffs filed consolidated complaint. September 27, arbitration November 17, dismiss. Second Complaint December 12, 2023 Tesla dismiss. appealed arbitration order. Trial July 7, 2025."
}
{
    "_id": "TSLA20231471",
    "title": "",
    "text": "Company intends defend predict outcome impact. unable estimate loss claims unless noted."
}
{
    "_id": "TSLA20231474",
    "title": "",
    "text": "receive requests from National Highway Traffic Safety Administration National Transportation Safety Board Securities and Exchange Commission Department of Justice local international agencies. requests include operations technology. compliance finance data privacy Tesla’s business personnel. cooperate with requests. no agency wrongdoing. predict outcome impact. enforcement impact business results prospects cash flows financial position brand."
}
{
    "_id": "TSLA20231475",
    "title": "",
    "text": "subject to legal proceedings risks claims business activities. second quarter 2023 foreign news outlet obtained misappropriated data non-public Tesla business personal information. Tesla authorities working with law enforcement. August 5, 2023 class action filed Northern District California. individuals impacted additional lawsuits damages. unfavorable ruling impact business prospects cash flows financial position brand."
}
{
    "_id": "TSLA20231477",
    "title": "",
    "text": "$525 million unused letters."
}
{
    "_id": "TSLA20231479",
    "title": "",
    "text": "entered arrangements with investors funding solar energy systems vehicles. subsidiaries investors contributed cash assets financing funds agreements. determined funds are VIEs primary beneficiary ASC 810. considered provisions agreements power manage decisions operation solar energy systems customer contracts redeploying receivables. rights investors protective."
}
{
    "_id": "TSLA20231480",
    "title": "",
    "text": "primary beneficiary VIEs consolidate financial position results cash flows intercompany balances transactions eliminated. Cash distributions receipts tax benefits tax credits allocated fund investor subsidiary agreements."
}
{
    "_id": "TSLA20231481",
    "title": "",
    "text": "subsidiary option acquire investor’s interest market value formula agreements."
}
{
    "_id": "TSLA20231482",
    "title": "",
    "text": "sale liquidation fund distributions agreements."
}
{
    "_id": "TSLA20231484",
    "title": "",
    "text": "contracted funds operations maintenance accounting lease servicing performance reporting. guaranteed payments investors. creditors no recourse credit other. assets pledged collateral obligations."
}
{
    "_id": "TSLA20231505",
    "title": "",
    "text": "assets liabilities intercompany transactions consolidated sheets 31, 2023 2022 Assets Cash equivalents Accounts receivable Prepaid expenses current assets Solar energy systems,278,060 non-current assets,087 Liabilities Accrued Deferred revenue debt finance leases liabilities Deferred revenue Debt finance leases long liabilities Total,777,215"
}
{
    "_id": "TSLA20231507",
    "title": "",
    "text": "stock options sale stock 2012 Tesla withheld taxes. indemnification agreement November 2021 additional taxes."
}
{
    "_id": "TSLA20231509",
    "title": "",
    "text": "Tesla business CEO directors SpaceX X Corp. Related Person Transactions Policy. transactions material impact financial statements."
}
{
    "_id": "TSLA20231519",
    "title": "",
    "text": "two segments automotive energy generation storage. automotive design manufacturing sales leasing electric vehicles regulatory credits. used vehicles body shop parts Supercharging insurance retail merchandise. energy generation storage design manufacture sales leasing solar solar incentives. CODM evaluate liability. revenues gross profit segment Automotive Revenues,738,553 Gross profit,565,735 Energy generation storage Revenues,789 Gross profit,141"
}
{
    "_id": "TSLA20231526",
    "title": "",
    "text": "table presents revenues sales December United States,235,553,973 China,745,145,844 international,793,764,006 Total,462,823"
}
{
    "_id": "TSLA20231533",
    "title": "",
    "text": "table long-lived assets 2023 2022 United States,667 Germany,258 China,978 international Total,037"
}
{
    "_id": "TSLA20231538",
    "title": "",
    "text": "table inventory segment 2023 2022 Automotive,139,996 Energy storage,487,626"
}
{
    "_id": "TSLA20231541",
    "title": "",
    "text": "2022 2021 recorded $204 $101 million losses digital assets. gains $64 million $128 million converting fiat currency. expenses $36 million quarter employee terminations."
}
{
    "_id": "TSLA20231542",
    "title": "",
    "text": "DISAGREEMENTS DISCLOSURE"
}
{
    "_id": "TSLA20231543",
    "title": "",
    "text": "."
}
{
    "_id": "TSLA20231546",
    "title": "",
    "text": "management Chief Executive Officer Chief Financial Officer evaluated disclosure controls procedures Rule 13a-15 Securities Exchange Act 1934. controls management recognizes reasonable assurance achieving desired control objectives. design reflect resource constraints management judgment evaluating benefits costs."
}
{
    "_id": "TSLA20231547",
    "title": "",
    "text": "evaluation Chief Executive Financial Officer concluded December 31, 2023 disclosure controls procedures designed reasonable assurance information Exchange Act recorded processed summarized reported SEC rules information accumulated communicated management timely decisions disclosures."
}
{
    "_id": "TSLA20231549",
    "title": "",
    "text": "management responsible internal control over financial reporting. designed Chief Executive Officer Chief Financial Officer assurance reliability financial reporting preparation financial statements accounting principles includes policies procedures maintenance records transactions dispositions assets transactions recorded preparation financial statements receipts expenditures authorizations management directors prevention unauthorized acquisition use disposition assets financial statements."
}
{
    "_id": "TSLA20231550",
    "title": "",
    "text": "supervision management evaluation internal control financial reporting Internal Control – Integrated Framework (2013) Sponsoring Organizations Commission. concluded effective December 31, 2023."
}
{
    "_id": "TSLA20231551",
    "title": "",
    "text": "PricewaterhouseCoopers LLP audited control financial reporting December 31, 2023."
}
{
    "_id": "TSLA20231553",
    "title": "",
    "text": "limitations internal control financial reporting prevent misstatements projections future risk controls conditions compliance policies deteriorate."
}
{
    "_id": "TSLA20231556",
    "title": "",
    "text": "no change in control over financial reporting quarter ended December 31, 2023."
}
{
    "_id": "TSLA20231558",
    "title": "",
    "text": "directors officers adopted modified terminated Rule 10b5-1 quarter December 31, 2023 408 Regulation S-K"
}
{
    "_id": "TSLA20231559",
    "title": "",
    "text": "Robyn Denholm adopted Rule 10b5-1 sale 281,116 shares stock. 2024. expiration August 16 2024."
}
{
    "_id": "TSLA20231560",
    "title": "",
    "text": "Andrew Baglino Vice President Powertrain adopted Rule 10b5-1 115,500 shares. December 2024."
}
{
    "_id": "TSLA20231563",
    "title": "",
    "text": "."
}
{
    "_id": "TSLA20231565",
    "title": "",
    "text": "information Item 10 Form 10-K 2024 Proxy Statement filed Securities Exchange Commission 2024 Annual Meeting Stockholders incorporated. filed 120 days fiscal year."
}
{
    "_id": "TSLA20231567",
    "title": "",
    "text": "11 10-K 2024 Proxy Statement incorporated."
}
{
    "_id": "TSLA20231568",
    "title": "",
    "text": "SECURITY OWNERSHIP STOCKHOLDER"
}
{
    "_id": "TSLA20231569",
    "title": "",
    "text": "12 10-K 2024 Proxy Statement incorporated."
}
{
    "_id": "TSLA20231571",
    "title": "",
    "text": "13 10-K 2024 Proxy Statement incorporated."
}
{
    "_id": "TSLA20231574",
    "title": "",
    "text": "14 10-K 2024 Proxy Statement incorporated."
}
{
    "_id": "TSLA20231576",
    "title": "",
    "text": ". Consolidated Statements Part II 8"
}
{
    "_id": "TSLA20231577",
    "title": "",
    "text": ". financial statement schedules omitted required information not applicable included consolidated financial statements notes"
}
{
    "_id": "TSLA20231578",
    "title": "",
    "text": ". exhibits Index filed incorporated report"
}
{
    "_id": "TSLA20231772",
    "title": "",
    "text": "Exhibit Number Description No. Date. Restated Certificate Incorporation.#001-34756. 1 2017. Amendment.#001-34756. 1 2017. Restated Bylaws.#001-34756. 5, 2023. common stock certificate.#001-34756. 1 2017. Amended Restated Investors’ Rights Agreement August 31, 2009, Registrant holders capital stock.#333-164593. 29, 2010. Agreement May 20 2010, Registrant holders capital stock. 27, 2010. Agreement Registrant Toyota Motor Corporation holders capital stock. 2010. June 14 2010, Registrant holders. 2010.Fifth Investor’s Rights Agreement November 2, 2010, Registrant holders capital stock.#001-34756. 2010 Exhibit Number Reference Description No. Date. Agreement May 22, 2011, Registrant holders capital stock.#333-174466. 2, 2011. May 30, 2011, Registrant holders capital stock.#001-34756. 1, 2011. Amendment May 15, 2013 Registrant Elon Musk Revocable Trust holders capital stock.#001-34756. 2013. May 14, 2013, Registrant holders capital stock.#001-34756. 20 2013. August 13, 2015, Registrant holders stock.#001-34756. 19, 2015.Fifth Investors’ Rights Agreement May 18 2016, Registrant holders capital stock.#001-34756. March 15 2017 Registrant holders capital stock.#001-34756. May 1 2019 Registrant holders capital stock.#001-34756. May 22, 2013, Registrant U. S. Bank National Association.#001-34756. 2013. Supplemental Indenture May 7, 2019 Registrant U. S. Bank National Association 2.% Convertible Senior Notes May 15, 2024.#001-34756. Convertible Senior Notes 2024 Exhibit. October 15, 2014, SolarCity U. S. Bank National Association.-199321. 15 2014.March 9 2015, SolarCity Trustee 5. Solar Bonds 2015/6-10.-35758. Indenture SolarCity 5. 75% Solar Bonds 2015/7-15.-35758. Indenture March 19, SolarCity. 70% Solar Bonds 2015/C4-10.-35758. Indenture SolarCity 5. 45% Solar Bonds 2015/C5-15.-35758. Supplemental Indenture March 26, 4. 70% Solar Bonds 2015/C9-10.-First Supplemental Indenture March 26, SolarCity 5. 45% Solar Bonds 2015/C10-15.-35758.-Sixth Supplemental Indenture April 2, SolarCity 4. 70% Solar Bonds 2015/C14-10.-35758. 2 2015. Supplemental Indenture 9 SolarCity Trustee. 70% Solar Bonds 2015/C19-10.-35758. 9 2015 Reference. Date.-First Supplemental Indenture April 9 SolarCity. 45% Solar Bonds 2015/C20-15.-35758.-Fifth Supplemental Indenture. 70% Solar Bonds 2015/C24-10.-35758.-Sixth Supplemental Indenture SolarCity. 45% Solar Bonds 2015/C25-15.-35758.-Eighth Supplemental Indenture April 21, SolarCity. 70% Solar Bonds 2015/C27-10.-35758.-Ninth Supplemental Indenture SolarCity. 45% Solar Bonds 2015/C28-15.-35758. 21, 2015.-Third Supplemental Indenture SolarCity Trustee. 70% Solar Bonds 2015/C32-10.-35758. 27, 2015.-Fourth Indenture SolarCity. 45% Solar Bonds 2015/C33-15.-35758.-Eighth Supplemental Indenture May SolarCity. Solar Bonds 2015/12-10.-35758. 1 2015.-Ninth Supplemental Indenture SolarCity. 75% Solar Bonds 2015/13-15.-35758. Supplemental Indenture May 11 SolarCity. 70% Solar Bonds 2015/C36-10.-35758. 11.-Third Supplemental Indenture May 11 SolarCity. 45% Solar Bonds 2015/C37-15.-35758.11 2015.-Seventh Supplemental Indenture May 18 SolarCity Trustee. 70% Solar Bonds 2015/C40-10.-35758. 18 2015.-Eighth Indenture SolarCity. 45% Solar Bonds 2015/C41-15.-35758.-First Supplemental Indenture May 26, SolarCity. 70% Solar Bonds 2015/C44-10.-Second Supplemental Indenture May. 45% Solar Bonds 2015/C45-15.-35758. 2015. Supplemental Indenture June 16 SolarCity. 70% Solar Bonds 2015/C52-10.-35758.-First Supplemental Indenture. 45% Solar Bonds 2015/C53-15.-35758.-Fourth Supplemental Indenture June 22, SolarCity.70% Solar Bonds 2015/C56-10.-35758. 23, 2015.-Fifth Supplemental Indenture June 22, SolarCity. 45% Solar Bonds 2015/C57-15.-35758. Supplemental Indenture June 29, SolarCity. 70% Solar Bonds 2015/C61-10.-35758.-First Supplemental Indenture June 29,. 45% Solar Bonds 2015/C62-15.-35758. Supplemental Indenture July 20 SolarCity. 70% Solar Bonds 2015/C71-10.-35758. 21,.-First Supplemental Indenture July. 45% Solar Bonds 2015/C72-15.-35758.-Fifth Supplemental Indenture July 31, SolarCity. Solar Bonds.-35758. 31, 2015.-Sixth Supplemental Indenture SolarCity Trustee 5. 75% Solar Bonds 2015/21-15.-35758.-Fifth Indenture August 10 SolarCity. 70% Solar Bonds 2015/C81-10.-35758.-Eleventh Indenture August 17, SolarCity. 45% Solar Bonds 2015/C87-15.-35758.-Sixteenth Indenture August 24 SolarCity. 45% Solar Bonds 2015/C92-15.-35758.-First Indenture August 31, SolarCity. 45% Solar Bonds 2015/C97-15.-35758.-Eighth Supplemental Indenture September 14, SolarCity 4. 70% Solar Bonds 2015/C101-10.-35758.15 2015 Exhibit Reference Description. Date. Supplemental Indenture September 14 SolarCity Trustee 5. 45% Solar Bonds 2015/C102-15.-35758. 15 2015. Indenture September 28, SolarCity. 70% Solar Bonds 2015/C106-10. 29, 2015. Indenture SolarCity. 45% Solar Bonds 2015/C107-15.-35758. 29, 2015.-Eighth Indenture October 13, SolarCity. 70% Solar Bonds 2015/C111-10. Supplemental Indenture October 30 SolarCity 5. Solar Bonds Series 2015/25-10.-35758.62-Fourth Supplemental Indenture October 30, 2015, SolarCity Trustee 5. 75% Solar Bonds 2015/26-15.-35758. 63-Eighth November 4 SolarCity 4. 70% Solar Bonds 2015/C116-10.-35758. 64-Third Indenture November 16 SolarCity. 70% Solar Bonds 2015/C121-10.-35758. 65-Fourth Indenture November 16 SolarCity 5. 45% Solar Bonds 2015/C122-15.-35758. 17, 2015. 66-Eighth Indenture November 30, SolarCity 4. 70% Solar Bonds 2015/C126-10.-35758. 67-Ninth Indenture November 30 SolarCity.Solar Bonds 2015/C127-15.-35758. 30, 2015.-Third Supplemental Indenture December 14 SolarCity Trustee. 70% Solar Bonds 2015/C131-10.-35758. 14.-Fourth Indenture SolarCity. 45% Solar Bonds 2015/C132-15.-35758.-Eighth Indenture SolarCity. 70% Solar Bonds 2015/C136-10.-35758. 28,.-Ninth Indenture December SolarCity. 45% Solar Bonds 2015/C137-15.-35758.-Third Indenture January 29, 2016, SolarCity. Solar Bonds Series 2016/4-10.-35758.-Fourth Supplemental Indenture SolarCity 5. 75% Solar Bonds Series 2016/5-15.-35758. 29, 2016. Registrant’s Securities. 13, 2020. Indemnification Agreement Registrant directors officers. 15 2010. Equity Incentive Plan. 27, 2010. Stock Option Agreement 2003 Equity Incentive Plan. 29, 2010. Incentive Plan. 23, 2018. Stock Option Agreement Incentive. 1 2017. Restricted Stock Unit Award Agreement. Employee Stock Purchase Plan February 1 2017. 1 2017. Equity Incentive Plan. 12 2019. Stock Option Agreement. Restricted Stock Unit Award Agreement.. 12 2019. Stock Purchase Plan. SolarCity Stock Plan. 5 2012. SolarCity Equity Incentive Plan. Zep Solar. Equity Incentive Plan. 20 2013. Letter Registrant Elon Musk October 13, 2008.#333-164593. 29, 2010. Stock Option Agreement Elon Musk January 21, 2018.#001-34756 8 2018. 2005 Omnibus Equity Incentive Plan 6. Technologies. Omnibus Equity Incentive Plan 2 2017. Agreement June 23, 2020 Registrant Elon. Musk. 28, 2020. Agreement February 27, 2014, Registrant.Morgan Securities. 5 2014. Call Option Confirmation. 25% Convertible Senior Notes March 1 2021. Warrant Confirmation. 25% Convertible Senior Notes 2021. Option Confirmation 2. Convertible Senior Notes May 15 2024. Warrant Confirmation. Convertible Senior Notes 2024. Agreement Panasonic Corporation Registrant October 5 2011. 2012. Supply Agreement 2013. 2014 Panasonic July 31, 2014. 7 2014. Terms Conditions Panasonic October 1 2014. Agreement February 24 2015, co General Terms Conditions Production Pricing Agreement Investment Letter Agreement. 24 2016.Gigafactory Terms March 1 2016, Panasonic Panasonic Energy Corporation North America. 11 2016. Restated Terms Conditions Gigafactory June 10 2020 Tesla Motors Netherlands. Panasonic North America. Pricing Agreement Panasonic October 1 2014. Letter Agreement Panasonic October 1 2014. Gigafactory Documents April 5 2016, Panasonic North America Energy. 2016. Pricing Agreement Cells 2011 Supply Agreement September 20 2019 Tesla Motors Netherlands. Panasonic SANYO Electric. 29,. Pricing Agreement 2170 June 9, 2020 Tesla Motors Netherlands. Panasonic North America. 28, 2020.Pricing Agreement Cells 2011 Supply Agreement December 29, 2020 Registrant Tesla Motors Netherlands. Panasonic North America SANYO Electric. 8 2021. Restated Factory Lease March 26, 2019 Registrant Panasonic Energy North America. 29, 2019. Amendment September 20 2019 Panasonic. 29, 2019. Lease Amendment June 9, 2020 Registrant Panasonic Energy North Amended Restated Factory Lease January 1 2017. 28, 2020. Restatement ABL Credit Agreement March 6, 2019 Tesla Motors Netherlands. subsidiaries Wells Fargo Bank Association JPMorgan Chase. Goldman Sachs Morgan Stanley Funding. Bank America.lenders Deutsche Bank New York Branch collateral.-229749. 3, 2019. Amendment ABL Credit Agreement December 23, 2020 March 6, 2019 Tesla Motors Netherlands. subsidiaries Wells Fargo Bank JPMorgan Chase Bank. Goldman Sachs Bank Morgan Stanley Senior Funding. Bank of America. Deutsche Bank. 8 2021. Tax Abatement Incentives May 7 2015, Tesla Motors. State Nevada Governor’s Office. 2015. Agreement August 11, 2017 Registrant SolarCity Goldman Sachs. Morgan Stanley. 23, 2017. Restated Agreement Research Development Alliance Triex Module Technology September 2, 2014, Research Foundation State University New York Silevo.-35758.6 2014 Exhibit Number Reference Description No. Date 10. 46 Amendment Agreement Alliance Triex Module Technology October 31, 2014, Research Foundation State University New York Nanoscale Science Silevo Inc.-35758. 16a 24, 2015. 47 Amendment December 15, 2014, Research Foundation Silevo.-35758. 16b 24, 2015. 48 Amendment Triex Module Technology February 12, 2015, Research Foundation University Silevo Inc.-35758. 16c 6, 2015. 49 Amendment Agreement Triex Module Technology March 30, 2015, Research Foundation State University Silevo.-Q(1)-35758. 16d 6, 2015 10.Amendment Agreement Alliance Triex Module Technology June 30 2015, Research Foundation State University New York College Nanoscale Science Silevo LLC.-Q(1)-35758. 30, 2015. 51 Amendment Agreement Triex Module September 1 2015, Research Foundation Silevo LLC.-Q(1)#001-35758. 30, 2015 Exhibit Number Reference Description. Date. 52 Amendment Agreement Triex Module Technology October 9 2015, Research Foundation Silevo LLC.-Q(1)#001-35758. 30, 2015. Amendment Agreement Triex Module Technology October 26, 2015, Research Foundation Silevo LLC.-Q(1)#001-35758. 30, 2015.Amendment Agreement Triex Module Technology December 9 2015, Research Foundation State University New York College Nanoscale Science Silevo LLC.-35758. 10 2016. 55 Amendment March 31, 2017 Research Foundation Silevo.#001-34756. 10, 2017. Amendment Agreement July 22, 2020 Foundation Silevo Tesla Energy Operations.#001-34756. 28, 2020. Amendment Triex Module Technology May 1, 2021 Research Foundation Silevo Tesla Operations.#001-34756. 25, 2021 Reference. Date. Contract State-Owned Construction Land Use Right October 17, 2018 Shanghai Planning Land Resource Administration Bureau Tesla (Shanghai. grantee translation.#001-34756. 29, 2019.Agreement January 20 2023 Tesla Inc. Lenders Issuing Banks Citibank. Administrative Agent Deutsche Bank Securities. Syndication Agent#001-34756. 31, 2023. Subsidiaries Registrant. LLP Accounting Firm. 13a-14 15 Certification Principal Executive Officer. 13a-14 Principal Financial Officer. 1350 Certifications Inc. Clawback Policy. XBRL Document. XBRL Taxonomy Extension Schema. Taxonomy Extension. Extension. Taxonomy Extension Presentation Interactive Data File taxonomy extension information Exhibits 101"
}
{
    "_id": "TSLA20231778",
    "title": "",
    "text": "exhibit Regulation S 601."
}
{
    "_id": "TSLA20231779",
    "title": "",
    "text": "Maxwell Technologies."
}
{
    "_id": "TSLA20231782",
    "title": "",
    "text": "."
}
{
    "_id": "TSLA20231789",
    "title": "",
    "text": "Section 13 Securities Exchange Act 1934 registrant report signed. January 26, 2024 Elon Musk Executive Officer"
}
{
    "_id": "TSLA20231809",
    "title": "",
    "text": "Securities Exchange Act 1934 report signed registrant capacities dates. Signature Elon Musk Executive Officer 26, 2024 Vaibhav Taneja Financial Officer 26, Robyn Denholm 26, 2024 Ira Ehrenpreis Joseph Gebbia James Murdoch Kimbal Musk 26, 2024 JB Straubel Kathleen Wilson-Thompson 26, 2024"
}
{
    "_id": "NFLX20230004",
    "title": "",
    "text": "Annual Report Form 10-K statements federal securities laws. include strategy content service future financial performance net income expenses profitability liquidity net cash financing free cash flows capital allocation strategies stock repurchases seasonality stock price volatility foreign exchange rate interest rate facilities regulatory changes intellectual property price changes accounting treatment acquisitions competitors membership growth partnerships advertising multi-household usage member viewing patterns dividends obligations global content marketing investments work stoppages content amortization tax examinations tax expense unrecognized tax benefits deferred tax assets change growth company culture employees. statements subject risks uncertainties. Item 1A \"Risk Factors\" section Report.forward-looking statements based on date no obligation revise release except required by law."
}
{
    "_id": "NFLX20230006",
    "title": "",
    "text": "Netflix, Inc. leading entertainment 260 million memberships 190 countries TV series films games genres languages. Members play pause resume change plans."
}
{
    "_id": "NFLX20230007",
    "title": "",
    "text": "strategy grow business globally operating margin target. improve members' experience compelling content. drive conversation enhance joy enhancing user interface choose content."
}
{
    "_id": "NFLX20230009",
    "title": "",
    "text": "operate segment. revenues membership fees streaming. Note 12 Segment Geographic Information financial statements."
}
{
    "_id": "NFLX20230011",
    "title": "",
    "text": "market entertainment video competitive rapid change. compete with activities leisure time linear TV streaming pirated video gaming against entertainment social media free time. compete against obtaining content licensed original."
}
{
    "_id": "NFLX20230012",
    "title": "",
    "text": "consumers relationships entertainment sources we strive choose us free time. referred \"winning moments truth. improve service technology content offerings."
}
{
    "_id": "NFLX20230015",
    "title": "",
    "text": "membership growth seasonal pattern internet screens viewing. fourth quarter greatest growth. impacted content schedule pricing plans."
}
{
    "_id": "NFLX20230017",
    "title": "",
    "text": "trademarks service marks copyrights patents domain names trade dress secrets technologies intellectual property important success. use patent trademark copyright secret laws confidentiality agreements protect intellectual property. rights extend technology business processes content. use intellectual property third parties creating content merchandising marketing. content depends studios content providers rights distribution. license periods terms conditions vary. risks disputes. disputes."
}
{
    "_id": "NFLX20230019",
    "title": "",
    "text": "media landscape internet delivery growing regulatory action. Historically media regulated countries. regulatory frameworks services. countries update legislation Netflix. content quotas levies investment obligations. Some restrict ownership rights service content. regulators reviews adjustments content. regulations impact services make operating expensive restrictive."
}
{
    "_id": "NFLX20230021",
    "title": "",
    "text": "employees culture key success. December 31, 2023 13,000 full-time employees. 9,000 (69% United States Canada 2,000 (15%) Europe Middle East Africa 500 (4% Latin America 1,500 (12%) Asia-Pacific. employees content production part-time temporary numbers fluctuate. critical success company culture. Memo website unique environment. aim attract retain people diverse perspectives skills team. empower employees decision-making freedom power decisions. accountable decisions. flexible fun stimulating creative collaborative successful organization."
}
{
    "_id": "NFLX20230022",
    "title": "",
    "text": "expanded offices globally culture important. mindful of cultural differences. Fostering work environment culturally diverse inclusive equitable focus. build diversity inclusion equity operations critical lens Netflix. cultures on screen employee base diverse communities. increase representation recruiters leaders diversify networks. support employee resource groups underrepresented marginalized communities. publish annually update inclusion initiatives EEO-1 reports website."
}
{
    "_id": "NFLX20230024",
    "title": "",
    "text": "believe fostering leaders. offer programs seminars lectures leaders VPs managers business teams goals. built portfolio programs pillars company leaders human beings future success. offer programs workshops skills coaching leading inspiring"
}
{
    "_id": "NFLX20230025",
    "title": "",
    "text": ". focus helps employees grow positions Netflix global business content."
}
{
    "_id": "NFLX20230026",
    "title": "",
    "text": "aim pay employees top personal market choose compensation between cash stock. permits compensation personalized needs preferences. conduct pay equity analyses annually adopted practices ensure underrepresented groups gender race. rectify pay gaps."
}
{
    "_id": "NFLX20230027",
    "title": "",
    "text": "care employees benefit programs. employees receive annual cash health benefit medical dental vision premiums. benefits mental health childcare family planning company match charitable donations."
}
{
    "_id": "NFLX20230028",
    "title": "",
    "text": "approach human capital instrumental growth Netflix desirable."
}
{
    "_id": "NFLX20230030",
    "title": "",
    "text": "maintain website. netflix. com. contents not Annual Report Form 10-K. free access Annual Report Quarterly Reports 10-Q Current Reports 8-K amendments filed Section 13(a) 15(d Securities Exchange Act 1934 Securities Exchange Commission."
}
{
    "_id": "NFLX20230032",
    "title": "",
    "text": "Investors announce financial information relations website. SEC filings press releases conference calls webcasts. social media blogs communicate company services issues. information social media blogs material information. encourage investors media review social media blogs website."
}
{
    "_id": "NFLX20230034",
    "title": "",
    "text": "risks occur business financial results. trading price common stock decline lose investment."
}
{
    "_id": "NFLX20230036",
    "title": "",
    "text": "efforts attract retain business affected."
}
{
    "_id": "NFLX20230037",
    "title": "",
    "text": "add new members replace canceled memberships grow business beyond current base. penetration growth rates vary across jurisdictions. countries years membership growth slower newer less penetrated countries. attract retain members on compelling content choices conversation quality experience TV series films games. service levels content offerings pricing features competitors may impact attract retain members. Competitors include entertainment video gaming user-generated content sources of entertainment."
}
{
    "_id": "NFLX20230038",
    "title": "",
    "text": "Members cancel service perception expenses dissatisfaction content competitive services customer service issues. Membership growth impacted by seasonality fourth quarter greatest growth timing content release schedules. Adverse macroeconomic conditions inflation impact attract retain members. grow content costs fixed adjust expenditures increase revenues pricing lowered growth rate margins liquidity results. unable compete competitors content business affected."
}
{
    "_id": "NFLX20230039",
    "title": "",
    "text": "provide value members improvements service revenue results operations business adversely affected."
}
{
    "_id": "NFLX20230040",
    "title": "",
    "text": "consumers perceive service value introduce adjust features pricing change content attract retain members revenue per membership results operations affected. expanded entertainment video games. efforts games not valued current future members attract retain members. seek extend business new products services. expanding consumer products live experiences. find develop new products services future results impacted."
}
{
    "_id": "NFLX20230041",
    "title": "",
    "text": "adjust membership pricing plans model. introduced new lower-priced ad-supported subscription plan. increased enforcement limit multi-household usage shared viewing outside household. adjustments impact attract members revenues results operations. members rejoin originate from word-of-mouth advertising. If members adjustments successful may attract retain maintain grow business affected."
}
{
    "_id": "NFLX20230042",
    "title": "",
    "text": "offerings impact business."
}
{
    "_id": "NFLX20230044",
    "title": "",
    "text": "market entertainment competitive change. channels consumers. economic models subscription transactional ad-supported piracy. potential capture"
}
{
    "_id": "NFLX20230045",
    "title": "",
    "text": "entertainment video market. Traditional providers internet e-commerce increasing streaming video offerings. competitors have long histories large customer bases brand recognition exclusive rights libraries financial marketing resources. may offer compelling content terms aggressive pricing resources product development technology infrastructure content acquisitions marketing. New entrants adjust services unique. technological developments generative artificial evolving. competitors results. Companies may enter business combinations alliances competitive positions. Piracy business proposition content free. piracy services rapid growth efforts may insufficient. business increase market share revenues profitability."
}
{
    "_id": "NFLX20230046",
    "title": "",
    "text": "face risks unforeseen costs liability license."
}
{
    "_id": "NFLX20230047",
    "title": "",
    "text": "producer distributor content face potential liability for negligence copyright trademark infringement claims materials. liability for content promoting service marketing materials. devote resources development production marketing distribution original programming TV series documentaries feature films games. original exclusive programming service brand retain members. programming expectations viewing popularity business brand results may. responsible for production costs expenses guild payments risks talent. entertainment industry impact timing costs. contract with third parties development production distribution programming. face liability suffer losses violate law fraudulent behavior. create sell digital merchandise license rights to product liability intellectual property claims. may remove content discontinue alter production if prohibited damaging to brand business."
}
{
    "_id": "NFLX20230048",
    "title": "",
    "text": "anticipate costs mitigate risks content service liable for content distribute business may suffer. Litigation costly expenses damages liability risks harm operations. not indemnified against claims costs insurance coverage."
}
{
    "_id": "NFLX20230049",
    "title": "",
    "text": "manage change growth business affected."
}
{
    "_id": "NFLX20230051",
    "title": "",
    "text": "expanding operations internationally scaling streaming service growth introducing games advertising live programming expanding consumer products experiences. scaling studio operations original content acquisitions Scanline Animal Logic. managing business content consumer customs practices e-commerce streaming video legal regulatory environments. ad-supported subscription plan developing technology utilizing third-party computing services. content production games live programming consumer products building expertise creative marketing legal finance licensing merchandising management attention. may expand content. face integration operational challenges liabilities reputational concerns partners companies."
}
{
    "_id": "NFLX20230052",
    "title": "",
    "text": "manage complexity business improving corporate culture systems practices streaming original content."
}
{
    "_id": "NFLX20230053",
    "title": "",
    "text": "positive reputation attract retain members face regulatory scrutiny operating results affected."
}
{
    "_id": "NFLX20230054",
    "title": "",
    "text": "believe positive reputation important attracting retaining members. content original programming low quality offensive not compelling reputation. content controversial offensive regulators face retaliatory action remove content heightened regulatory scrutiny. face boycotts affect business. response government action marketing customer service public relations effective negative reputation. increasing focus regulators investors members on environmental social governance matters new disclosure regulatory frameworks. content creates ESG concerns reputation harmed."
}
{
    "_id": "NFLX20230055",
    "title": "",
    "text": "business impacted acquisitions investments."
}
{
    "_id": "NFLX20230056",
    "title": "",
    "text": "acquire invest businesses technologies. risks include integrating solutions operations personnel inheriting liabilities litigation failure benefits synergies diversion time attention."
}
{
    "_id": "NFLX20230057",
    "title": "",
    "text": "risks acquisitions impact business. complete acquisition integrate business realize benefits. Acquisitions investments contribute fluctuations quarterly financial results. fluctuations costs eliminating redundant expenses write-offs impaired assets impact financial results."
}
{
    "_id": "NFLX20230058",
    "title": "",
    "text": "rely partners service devices."
}
{
    "_id": "NFLX20230059",
    "title": "",
    "text": "offer members streaming content internet-connected devices TVs digital video players set-top boxes mobile devices. agreements with cable satellite telecommunications operators set-top boxes some compete or. agreements include partner bills Netflix service offers services. If partners content service may. intend broaden relationships increase capability stream TV series films offer games platforms. If relationships technological content licensing regulatory business impediments content retain members grow business could."
}
{
    "_id": "NFLX20230061",
    "title": "",
    "text": "agreements with partners one three years business if partners provide access or unwilling on terms accessibility prominence. devices manufactured sold by other Netflix responsible for performance connection in consumer dissatisfaction claims impact business. technology changes require partners update or supporting on legacy devices. If partners update discontinue support service members' use enjoyment negatively impacted."
}
{
    "_id": "NFLX20230062",
    "title": "",
    "text": "subject payment."
}
{
    "_id": "NFLX20230063",
    "title": "",
    "text": "members pay service payment methods credit cards gift cards prepaid cards direct debit online wallets carrier partner billing. rely on internal systems third parties. Acceptance processing subject to rules regulations industry standards data storage authentication interchange fees. increases processing fees changes payment ecosystem re-issuances delays changes rules loss payment partners disruptions failures processing payment products revenue operating expenses results could. leverage third parties bill. transition subscribers alternative member acquisition retention. encounter fraudulent use methods impact results negative consumer perceptions. fraud chargeback rate fines card approval rate additional card authentication requirements. termination process payments business."
}
{
    "_id": "NFLX20230064",
    "title": "",
    "text": "government regulations internet business change alter business incur greater."
}
{
    "_id": "NFLX20230065",
    "title": "",
    "text": "adoption of laws internet business could business. our service international markets governments regulations broadcast media tax. European law levies financial obligations on media operators outside jurisdiction. jurisdictions may impose financial regulatory obligations on us. growth online commerce may stringent consumer protection laws burdens. If with new expenses alter business model."
}
{
    "_id": "NFLX20230066",
    "title": "",
    "text": "Changes laws growth internet impacting net neutrality fees decrease demand increase cost. laws operators legal traffic implemented countries European Union. laws nascent. favorable laws change United States net neutrality repealed. uncertainty interpretations repeal political power local operators discriminatory practices impede growth expense affect business."
}
{
    "_id": "NFLX20230067",
    "title": "",
    "text": "engaged legal proceedings expenses occupy management's time."
}
{
    "_id": "NFLX20230068",
    "title": "",
    "text": "subject to litigation business operations financial position. rise litigation matters. copyright patent infringement tax employment consumer securities class actions expensive defend. Litigation disputes expenses content unavailability service disruptions occupy management time attention business position. receive inquiries subpoenas information requests from government authorities subject to related claims actions. outcome difficult predict expensive time-consuming distracting adverse resolutions modification business practices reputational harm costs payments."
}
{
    "_id": "NFLX20230070",
    "title": "",
    "text": "advertising new risks affect business."
}
{
    "_id": "NFLX20230087",
    "title": "",
    "text": "limited experience history advertising revenue may not grow. revenue risks factors attract retain advertisers •fluctuations memberships engagement quantity quality ads compete advertising spend impact seasonal cyclical shifts macroeconomic conditions availability accuracy security measurement solutions •changes advertising devices TVs computers legal developments third-party policies impact •regulatory legislative industry developments collection use information privacy ad targeting measurement tools liability reputational harm from advertisements relationship with third-party service providers technology develop advertising sales team technology infrastructure impact content reputation on advertisers’ willingness spend member dissatisfaction advertisements."
}
{
    "_id": "NFLX20230089",
    "title": "",
    "text": "studios providers rights holders refuse license streaming business."
}
{
    "_id": "NFLX20230090",
    "title": "",
    "text": "provide members content depends on obtaining rights from third parties including distribution rights related elements public performance music. license periods terms conditions vary. content providers develop streaming services provide access content including popular series movies. If studios rights holders license content stream costs increase. licenses studios withdraw content quickly. content can withdrawn short notice. competition increases cost programming. service securing exclusive rights including original content. programming mix content. selective about titles add renew. If compelling mix member acquisition retention affected."
}
{
    "_id": "NFLX20230092",
    "title": "",
    "text": "Music authors’ performances require licenses. engage negotiations with collection management organizations entities rights music intellectual property. streaming content territories. If reach acceptable terms could litigation enjoined from distributing content impact business. pending negotiations between CMOs third parties impact publishers withdrawing rights licensing agreements. Failure liability copyright infringement increase costs. digital distribution grows broader role CMOs remuneration authors performers greater distribution expenses."
}
{
    "_id": "NFLX20230093",
    "title": "",
    "text": "trademarks proprietary rights protected third parties value brand intangible assets business affected."
}
{
    "_id": "NFLX20230094",
    "title": "",
    "text": "rely on confidentiality license agreements with employees consultants third parties trademark copyright patent secret protection laws protect proprietary rights. enforce rights through court proceedings legal actions. filed expect trademark copyright patent applications. applications approved third parties challenge copyrights patents trademarks infringe rights prevent infringement misappropriation without expense. protection inadequate value brand intangible assets competitors mimic service perception members affected."
}
{
    "_id": "NFLX20230095",
    "title": "",
    "text": "hold domain names brand including Netflix. com. Failure protect affect reputation brand difficult find website service. unable prevent decrease value trademarks proprietary rights."
}
{
    "_id": "NFLX20230096",
    "title": "",
    "text": "property claims costly rights website streaming recommendation merchandising title content marketing."
}
{
    "_id": "NFLX20230097",
    "title": "",
    "text": "Trademark copyright patent intellectual property rights important to us. extend to technology business processes content consumer products experiences marketing assets. use intellectual property third parties content merchandising service. third parties allege. obtain rights defend develop non technology alter business practices business position. technologies exposure to claims protection for AI-generated material uncertain. companies patents affect business. patents claim business internet. not searched patents technology. Defending against claims results costly litigation diversion personnel. inability use website streaming technology recommendation merchandising technology market products. remove content consumer products marketing materials. develop non-infringing technology royalty licensing agreements adjust content merchandising marketing activities resolve. actions costly unavailable."
}
{
    "_id": "NFLX20230099",
    "title": "",
    "text": "disruption unauthorized access computer third parties cybersecurity cyber-attacks loss degradation service disclosure destruction data theft intellectual property digital impact business."
}
{
    "_id": "NFLX20230101",
    "title": "",
    "text": "reputation members performance security computer systems third parties. damage earthquakes adverse weather disasters health terrorist attacks rogue employees power loss telecommunications failures cybersecurity risks interruptions beyond control. Interruptions make service unavailable. interruptions errors software unavailability data diminish attractiveness members."
}
{
    "_id": "NFLX20230102",
    "title": "",
    "text": "computer systems third parties subject to evolving cybersecurity threats viruses malware ransomware denial of service break-ins insider threats misconfigurations networks software hardware disruptions errors. experience attacks interruptions delays loss misuse theft of personal information confidential information intellectual property. rely on open source software libraries increase exposure vulnerabilities. outside parties induce disclose sensitive information access. hackers obtain data intellectual property disrupt service harm business damage reputation. implemented systems processes thwart hackers protect data systems. techniques unauthorized access evolving unable anticipate detect prevent address all cybersecurity incidents. prominence attractive target for attacks unauthorized release digital content. service systems business. no. carry insurance expenses disruptions unauthorized access.prevent hackers service systems expensive develop maintain. require monitoring updating technologies change security limit functionality impact service systems. disruption loss members affect business results. penetration third-party’s misappropriation personal information business regulatory reputation risk business financial condition results operations."
}
{
    "_id": "NFLX20230103",
    "title": "",
    "text": "utilize communications computer hardware systems facilities third-party provider. third-party services business operations.-party content networks stream TV documentaries films offer games Netflix members. Problems disruptions cybersecurity threats regulatory interference impact experience."
}
{
    "_id": "NFLX20230104",
    "title": "",
    "text": "rely Amazon Web Services service disruption impact operations business adversely impacted."
}
{
    "_id": "NFLX20230105",
    "title": "",
    "text": "Amazon Web Services provides distributed computing infrastructure business \"cloud\". architected software systems utilize data processing storage services AWS. run majority computing on AWS. switch AWS to cloud disruption operations business. retail Amazon competes believe Amazon use AWS competitive advantage could harm business."
}
{
    "_id": "NFLX20230106",
    "title": "",
    "text": "technology business fails unavailable expectations business results impacted."
}
{
    "_id": "NFLX20230108",
    "title": "",
    "text": "utilize proprietary third-party technology business. includes technology recommend merchandise content fast delivery content members consumer devices. built deployed content-delivery network (“CDN”). Internet Service Providers interconnect CDN charge difficulties deliver streaming content business results. if recommendation technology predict titles members attract retain members. utilize third-party technology market service process payments manage daily operations. If technology fails operates improperly"
}
{
    "_id": "NFLX20230109",
    "title": "",
    "text": "errors in development software ability operate service retain add impaired. harm to devices software business results financial condition."
}
{
    "_id": "NFLX20230110",
    "title": "",
    "text": "network operators charge access data impact business."
}
{
    "_id": "NFLX20230111",
    "title": "",
    "text": "rely consumers access service internet. network operators block restrict impair access business. operators implement usage based pricing bandwidth caps monetize access incur operating expenses member acquisition retention. operators create tiers charge prohibit business."
}
{
    "_id": "NFLX20230112",
    "title": "",
    "text": "network operators provide consumers internet multichannel video programming. use infrastructure growth. consumer demand regulatory oversight competition check incentives preferential treatment discriminatory practices business. incentives behavior differs across markets."
}
{
    "_id": "NFLX20230114",
    "title": "",
    "text": "Privacy collect leverage information disclosure impact business reputation."
}
{
    "_id": "NFLX20230115",
    "title": "",
    "text": "content acquisition merchandising ad-supported subscription plan collect utilize information personal. subject laws U. S. other countries privacy security information Regulation 2016/679 Data Protection Regulation California Privacy Rights Act. failure GDPR California Consumer Privacy Act privacy laws obligations rights violation investigations claims proceedings damages costs penalties liabilities harm reputation market position."
}
{
    "_id": "NFLX20230116",
    "title": "",
    "text": "businesses criticized by privacy groups bodies for personal identities to data internet browsing. Increased regulation data self-regulation laws information business. personal information objectionable business reputation legal claims operating results. Internationally to stringent legal obligations personal information laws data localization restrictions on data export. Failure to to liability business model incur additional expenses."
}
{
    "_id": "NFLX20230117",
    "title": "",
    "text": "reputation relationships billing data accessed unauthorized."
}
{
    "_id": "NFLX20230119",
    "title": "",
    "text": "maintain personal information members names age gender billing information. systems third parties. billing information numbers rely on encryption authentication technology. measures protect against unauthorized intrusion. could experience intrusion. breach potential members may unwilling provide information. notify regulators data breach state Attorneys General EU data protection authorities individuals affected within time periods. face legal claims regulatory fines penalties. costs breach material carry insurance risk"
}
{
    "_id": "NFLX20230120",
    "title": "",
    "text": "breach. maintain personal information employees others productions. unauthorized intrusion business affected reputation data protection negatively impacted."
}
{
    "_id": "NFLX20230122",
    "title": "",
    "text": "long-term fixed cost limit flexibility liquidity results."
}
{
    "_id": "NFLX20230123",
    "title": "",
    "text": "streaming content enter multi-year commitments with studios content providers. content non-cancelable commitments talent agreements. payment terms not tied to member usage membership base determined by costs production titles licensed theatrical exhibition receipts. commitments included in Contractual Obligations Part II, Item 7 Financial Condition Note 8 Commitments Contingencies consolidated financial statements Part II Item 8 Annual Report Form 10-K. multiple-year duration fixed cost content commitments business performance margins. cash flows streaming content obligations. content commitments require more up cash payments. membership revenue growth liquidity results content commitments accelerated payment requirements. long-term fixed cost commitments limit flexibility changes business market.license produce content not favorably received unable acquisition retention long-term fixed cost content commitments adjust content offerings quickly results."
}
{
    "_id": "NFLX20230124",
    "title": "",
    "text": "seek capital dilution rights common stockholders."
}
{
    "_id": "NFLX20230125",
    "title": "",
    "text": "seek additional capital equity-linked debt securities. 2020 cash flows negative need additional capital. business plans performance capital markets. Rising interest rates disruption difficult raise capital refinance indebtedness. funds equity debt securities rights privileges common stock stockholders experience dilution. large equity-linked offering impact stock price."
}
{
    "_id": "NFLX20230126",
    "title": "",
    "text": "substantial indebtedness obligations streaming content affect financial position generate cash debt."
}
{
    "_id": "NFLX20230128",
    "title": "",
    "text": "substantial indebtedness obligations streaming content. incur additional indebtedness. payments financial operating performance economic conditions factors beyond control. service debt cash need refinance restructure prior maturity. financial markets difficult rising interest rates foreign currency economic capital refinancing restructuring higher interest rates onerous covenants restrict business operations. December 31, 2023 $14. 6 billion senior notes outstanding denominated currencies other. dollar. revolving credit agreement $1 billion unsecured revolving credit facility."
}
{
    "_id": "NFLX20230137",
    "title": "",
    "text": "borrowed under revolving credit facility. December 31, 2023 approximately $7. 0 billion content liabilities consolidated balance sheet denominated currencies other U. S. dollar. streaming content commitments liability recognition significant. information streaming content obligations see Note 8, Commitments Contingencies consolidated financial statements Part II Item 8 Annual Report Form 10-K. substantial indebtedness obligations obligations difficult financial obligations borrow cost borrowing cash flow financing cash flow debt service payments obligations flexibility business competitive disadvantage vulnerability adverse economic industry conditions interest rates foreign exchange rates."
}
{
    "_id": "NFLX20230139",
    "title": "",
    "text": "regulatory risks international operations."
}
{
    "_id": "NFLX20230161",
    "title": "",
    "text": "international markets requires resources management attention economic political regulatory risks different U. S. risks.international operations involve risks business content user interfaces for cultural language differences costs staffing managing foreign operations unrest hostilities economic instability with Foreign Corrupt Practices Act UK Bribery Act anti-corruption laws export controls economic sanctions local laws corrupt payments •difficulties local laws regulations customs ownership requirements streaming action against service disruption service increased operating costs intellectual property laws EU copyright impact economics content anti-piracy efforts intellectual property rights tax consequences tax laws rates deferred assets •fluctuations currency exchange rates impact revenues expenses foreign risk derivative instruments hedge counterparty risk inflation repatriation currency control regulations restrictions on transfer funds payment processing systems electronic payment methods competition •censorship requirements content disappointment brand tarnishmentdissatisfaction service usage internet devices user data privacy laws localization export local ownership broadband wide networks laws piracy impacts trade disputes regulations local production culture content quotas investment obligations levies film funds. European Union revised Audio Media Services Directive 2018 European works (30%) catalogs prominence."
}
{
    "_id": "NFLX20230162",
    "title": "",
    "text": "factors business plans expanding ceasing operations strategies. failure risks harm international operations business results."
}
{
    "_id": "NFLX20230163",
    "title": "",
    "text": "taxation jurisdictions."
}
{
    "_id": "NFLX20230164",
    "title": "",
    "text": "U. S. multinational company. jurisdictions. judgment global provision income deferred taxes liabilities receivables evaluating tax positions. subject tax returns IRS state local tax authorities challenging tax positions. assess adverse outcomes provision. consider factors tax positions benefits require adjustments forecast tax audit outcomes. tax liabilities differ business financial condition impacted."
}
{
    "_id": "NFLX20230165",
    "title": "",
    "text": "Tax laws re-examined globally. New laws financial statement purposes. Tax authorities tax positions tax audits jurisdictions. U. S. governments European Union Organization for Economic Cooperation Development considering changes tax laws increase tax obligations. tax authorities change laws challenge profits taxes increase business financial condition."
}
{
    "_id": "NFLX20230167",
    "title": "",
    "text": "lose employees hire qualified failure company culture affect business."
}
{
    "_id": "NFLX20230168",
    "title": "",
    "text": "rely senior management Co-Chief Executive Officers Ted Sarandos Greg Peters Executive Chairman Reed Hastings executive team key employees. competition for-skilled business technical creative personnel. high executive turnover business practices succession plans transition recruiting retaining motivating culture operations affect results."
}
{
    "_id": "NFLX20230169",
    "title": "",
    "text": "disputes adverse."
}
{
    "_id": "NFLX20230171",
    "title": "",
    "text": "partners suppliers vendors engage directors actors talent employees collective bargaining agreements motion picture industry. Expiring agreements renewed unfavorable. unions strikes work stoppages. Writers Guild Screen Actors Guild"
}
{
    "_id": "NFLX20230172",
    "title": "",
    "text": "agreements expired 2023 WGA SAG-AFTRA May July 2023. bargaining agreements I. T. S. contracts Teamster unions expire mid-2024. WGA SAG-AFTRA strikes resurgence organized labor lead workers strike. work stoppages halted productions delays new content. higher costs complexities delays costs profit margins new content."
}
{
    "_id": "NFLX20230174",
    "title": "",
    "text": "Provisions charter Delaware law discourage takeover plans modify."
}
{
    "_id": "NFLX20230179",
    "title": "",
    "text": "charter documents discourage merger acquisition •authorize board issue 10,000,000 shares preferred stock classified board until annual meeting 2025 •prohibit stockholders acting written consent advance notice."
}
{
    "_id": "NFLX20230180",
    "title": "",
    "text": "Delaware corporation subject to anti-takeover provisions. law engage holder 15% capital stock unless three years or board. rely Delaware law prevent acquisition."
}
{
    "_id": "NFLX20230181",
    "title": "",
    "text": "merger acquisition retention payments employees Severance Retention Incentive Plan cost."
}
{
    "_id": "NFLX20230182",
    "title": "",
    "text": "stock."
}
{
    "_id": "NFLX20230192",
    "title": "",
    "text": "price common stock fluctuated. due to factors beyond control •variations operating results membership acquisition retention revenues income net income cash free cash flow results expectations analysts investors financial community business expansion plans •competition pricing strategies volatility demand stock short interest impact current repurchase program future results competitors risks uncertainties."
}
{
    "_id": "NFLX20230193",
    "title": "",
    "text": "investors common stock resell shares original purchase price."
}
{
    "_id": "NFLX20230194",
    "title": "",
    "text": "volatility subject litigation. experience litigation future volatility. litigation substantial costs diversion attention resources."
}
{
    "_id": "NFLX20230196",
    "title": "",
    "text": "financial results judgments differ results."
}
{
    "_id": "NFLX20230197",
    "title": "",
    "text": "dynamic business limitations predicting future forecasts revenues margins net income financial data may differ from results. predicting consumer pricing strategies multi-household usage new revenue streams difficult operating history results may differ from expectations management securities analysts investors. discrepancies could cause decline trading price common stock. consolidated financial statements requires estimates assumptions assets liabilities revenues expenses. base estimates on historical experience assumptions results may differ. estimate content amortization pattern television series film viewing patterns. viewing patterns differ affect amortization. estimates in-period expenses earnings guidance impact results stock price. events outside control may cause results differ from."
}
{
    "_id": "NFLX20230200",
    "title": "",
    "text": "."
}
{
    "_id": "NFLX20230201",
    "title": "",
    "text": "enterprise-wide information security program detect cybersecurity risks threats. use security tools prevent identify escalate investigate resolve recover vulnerabilities incidents. include internal reporting monitoring detection tools bug bounty program vulnerabilities before. maintain third party security program mitigate remediate risks rely on third parties ensure."
}
{
    "_id": "NFLX20230202",
    "title": "",
    "text": "assess risks cybersecurity monitor systems vulnerabilities. use risk quantification model develop security controls safeguards. conduct reviews tests leverage tabletop exercises penetration testing red team exercises simulations improve. engage external auditor annual payment card review third penetration testing. results reported Audit Committee."
}
{
    "_id": "NFLX20230203",
    "title": "",
    "text": "systems experience attacks interruptions delays service loss misuse theft of personal information data confidential information intellectual property unauthorized release digital content. incidents material impact service systems business. significant disruption could loss members business results. penetration misappropriation misuse personal information business regulatory reputation risk business financial condition results. Factors disruption unauthorized access cybersecurity loss degradation service unauthorized access disclosure destruction data theft intellectual property digital content business."
}
{
    "_id": "NFLX20230205",
    "title": "",
    "text": "Vice President Security Privacy leads organization Netflix program. 30 years industry experience cybersecurity companies. Team members educational industry experience"
}
{
    "_id": "NFLX20230206",
    "title": "",
    "text": "holding positions companies. reports senior management cybersecurity threats."
}
{
    "_id": "NFLX20230209",
    "title": "",
    "text": "Board annual enterprise risk assessment security cybersecurity. Audit Committee cybersecurity reports VP Security Privacy mitigation strategies emerging risks incidents industry trends."
}
{
    "_id": "NFLX20230210",
    "title": "",
    "text": "leased properties Los Gatos Los Angeles. lease office production space world."
}
{
    "_id": "NFLX20230211",
    "title": "",
    "text": "believe existing facilities adequate requirements additional space available expansion additional offices."
}
{
    "_id": "NFLX20230213",
    "title": "",
    "text": "Note 8 Commitments Contingencies financial statements Part II Item 8 Statements Data Annual Report Form 10-K Proceedings."
}
{
    "_id": "NFLX20230216",
    "title": "",
    "text": "."
}
{
    "_id": "NFLX20230217",
    "title": "",
    "text": "Equity Stockholder Purchases Securities"
}
{
    "_id": "NFLX20230219",
    "title": "",
    "text": "common stock traded NASDAQ."
}
{
    "_id": "NFLX20230221",
    "title": "",
    "text": "December 31, 2023 2,728 stockholders larger beneficial owners."
}
{
    "_id": "NFLX20230223",
    "title": "",
    "text": "never declared paid cash dividends capital stock anticipate."
}
{
    "_id": "NFLX20230231",
    "title": "",
    "text": "Stock repurchases December 31, 2023 Shares Purchased Price Paid Share Programs Value Shares October 1 - 31, 2023. November 1 - 30 2023,708,477. December 1 - 31, 2023,771.,354,857,477"
}
{
    "_id": "NFLX20230232",
    "title": "",
    "text": "March 2021 authorized repurchase $5 billion expiration September 2023 increased repurchase $10 billion expiration. Note 9 Stockholders’ Equity Annual Report."
}
{
    "_id": "NFLX20230234",
    "title": "",
    "text": "price share repurchases."
}
{
    "_id": "NFLX20230236",
    "title": "",
    "text": "statement contrary previous filings Securities Exchange Commission information price performance common stock not Exchange Act not incorporated filings."
}
{
    "_id": "NFLX20230239",
    "title": "",
    "text": "graph compares five year period 2023 stockholder return common stock NASDAQ S&P 500 RDG Internet Composite Index. points last trading day years 2021 2022 2023. return assumes $100 invested common stock Composite S&P 500 RDG Internet Composite Index reinvestment dividends. stock price performance future performance."
}
{
    "_id": "NFLX20230241",
    "title": "",
    "text": "Form 10-K discusses 2023 2022.'s Discussion Analysis Financial Condition Results Operations Part II Item 7 Company Annual Report 10-K year December 31, 2022."
}
{
    "_id": "NFLX20230257",
    "title": "",
    "text": "consolidated performance Ended December. revenue membership percentages Financial Results Streaming revenues,640,458,496 DVD revenues,698 Total revenues,723,297,697,844 Operating income,003,194,509 Operating margin Global Streaming Memberships Paid membership additions,181 Paid memberships end period Average memberships,924,784 monthly revenue membership."
}
{
    "_id": "NFLX20230258",
    "title": "",
    "text": "April 2023 discontinue DVD-mail ceased September 29, 2023. discontinuance operations financial results."
}
{
    "_id": "NFLX20230259",
    "title": "",
    "text": "revenues December 2023 increased 7% 2022. Operating margin increased three points due revenues faster decreased technology development expenses offset higher general administrative expenses."
}
{
    "_id": "NFLX20230261",
    "title": "",
    "text": "derive revenues membership fees streaming content. offer membership plans price varies by country features. December 31, 2023 paid plans. $1 to $28 extra sub accounts. $2 to $8. prices change test variations."
}
{
    "_id": "NFLX20230267",
    "title": "",
    "text": "earn revenue advertisements streaming service consumer products sources. Revenues membership material 2023 2022 2021. Ended. Streaming revenues,640,458,469,852,496,170,606"
}
{
    "_id": "NFLX20230268",
    "title": "",
    "text": "Streaming revenues December 2023 increased 7% 2022 due 8% growth memberships offset 1% decrease monthly revenue. due changes plan mix higher membership growth lower price increases. revenues impacted foreign exchange rates."
}
{
    "_id": "NFLX20230269",
    "title": "",
    "text": "tables revenue membership region 2023 2022 2021."
}
{
    "_id": "NFLX20230279",
    "title": "",
    "text": "Ended December 31,. thousands revenue membership percentages Revenues,783,084,643,972,100,140 membership additions,279 Paid memberships end period,128,296,215 Average memberships,126,001,234,125 monthly revenue membership. currency change"
}
{
    "_id": "NFLX20230289",
    "title": "",
    "text": "Ended December 31,. thousands revenue membership percentages Revenues,556,487,745,015,819,472 membership additions,084,338,391 memberships end period,813,036,084 Average memberships,928,024 monthly revenue membership. Constant currency change"
}
{
    "_id": "NFLX20230299",
    "title": "",
    "text": "Ended December 31,. 2022 thousands revenue membership percentages Revenues,461,069,973 membership additions,298,424 Paid memberships end period,997,298 Average memberships,802,573 monthly revenue membership. Constant currency change"
}
{
    "_id": "NFLX20230310",
    "title": "",
    "text": "Ended December 31,. thousands revenue membership percentages Revenues,763,727,221,266,601 membership additions,315,391,140 memberships end period,338,632,315 Average memberships,019,461 monthly revenue membership. Constant currency change"
}
{
    "_id": "NFLX20230311",
    "title": "",
    "text": "paid membership Netflix service payment not part of free trial promotions. members add extra accounts. not included in paid memberships. membership canceled ceases metrics cancellation date. Voluntary cancellations effective end prepaid membership period. Involuntary cancellations failed payment effective immediately. Memberships assigned territories geographic location geo-location technology."
}
{
    "_id": "NFLX20230312",
    "title": "",
    "text": "believe non-GAAP measure constant currency revenue analyzing monthly revenue absent foreign currency fluctuations. superior measures GAAP. exclude effect foreign currency rate fluctuations revenue estimate revenue assuming foreign rates constant. December 31, 2023 revenues $597 million higher rates constant 2022."
}
{
    "_id": "NFLX20230319",
    "title": "",
    "text": "Amortization content assets majority revenues. Expenses licensing production content payroll stock compensation facilities personnel rights music deals talent production costs streaming delivery operations costs remainder. built global content delivery network volume content. Delivery expenses include equipment payroll personnel third-party costs cloud computing. operations costs customer service payment processing fees costs content. Ended December 31,. thousands Cost revenues,715,368,168,285,332,683,083 percentage revenues"
}
{
    "_id": "NFLX20230320",
    "title": "",
    "text": "increase cost revenues 2023 2022 due $171 million increase content amortization $376 million increase revenues expenses acquisition licensing production content."
}
{
    "_id": "NFLX20230328",
    "title": "",
    "text": "Marketing expenses advertising payments partners manufacturers video distributors mobile operators ISPs. digital television advertising. payroll stock compensation facilities sales marketing. Ended December 31,. 2022 thousands Marketing#2,657,883,502,146,381 percentage revenues"
}
{
    "_id": "NFLX20230329",
    "title": "",
    "text": "marketing expenses 2023 2022 due $146 million advertising $21 million personnel offset $39 million marketing partners."
}
{
    "_id": "NFLX20230336",
    "title": "",
    "text": "Technology development expenses payroll stock compensation facilities technology personnel testing user interface recommendations merchandising infrastructure. computer hardware software. Ended December 31,. 2022 thousands Technology development,711,041,273,885,283) percentage revenues"
}
{
    "_id": "NFLX20230337",
    "title": "",
    "text": "Technology expenses December 31, 2023 2022 flat."
}
{
    "_id": "NFLX20230344",
    "title": "",
    "text": "administrative expenses payroll stock compensation facilities personnel. professional fees expenses. Ended December 31,. 2022 thousands percentages administrative,285,351,621,394 percentage revenues"
}
{
    "_id": "NFLX20230345",
    "title": "",
    "text": "increase expenses 2023 2022 $82 million third-party expenses $78 million personnel costs."
}
{
    "_id": "NFLX20230353",
    "title": "",
    "text": "Interest expense debt obligations amortization issuance costs. Note 6 Debt debt obligations. Ended December 31,. 2022 thousands Interest expense#699,826,212,386 percentage revenues"
}
{
    "_id": "NFLX20230354",
    "title": "",
    "text": "Interest expense year December 31, 2023 $698 million Notes. 2023 2022 flat."
}
{
    "_id": "NFLX20230361",
    "title": "",
    "text": "Interest income foreign exchange gains losses balances interest cash equivalents short-term investments. Ended December 31,. 2022 thousands Interest income,772,310 percentage revenues"
}
{
    "_id": "NFLX20230362",
    "title": "",
    "text": "Interest income decreased foreign exchange losses $293 million 2023 $282 million 2022. foreign exchange loss non-cash loss $176 million Senior Notes euros cash liability. foreign exchange gain 2022 non-cash $353 million gain Senior Notes euros offset cash liability. foreign currency gains losses offset $221 million increase interest income higher interest rates investment balances 2023."
}
{
    "_id": "NFLX20230368",
    "title": "",
    "text": "Ended December. 2022 thousands percentages Provision income taxes,005,875,410 tax rate"
}
{
    "_id": "NFLX20230370",
    "title": "",
    "text": "decrease effective tax rate 31, 2023 2022 due foreign taxes. Note 10 Income Taxes."
}
{
    "_id": "NFLX20230376",
    "title": "",
    "text": "December. thousands Cash equivalents restricted short-term investments,139,488,858,057,630 long debt,543,185"
}
{
    "_id": "NFLX20230377",
    "title": "",
    "text": "equivalents investments increased $1,058 million 2023 repurchase stock."
}
{
    "_id": "NFLX20230378",
    "title": "",
    "text": "increased $190 million euro notes. principal interest twelve months $1,077 million. $16,662 million. December 2023 no borrowed $1 billion Revolving Credit Agreement."
}
{
    "_id": "NFLX20230379",
    "title": "",
    "text": "anticipate future capital needs debt market limited. additional financing acquisitions development efforts business plans operating performance capital markets. obtain financing terms. raise additional funds equity debt securities rights privileges senior common stock stockholders experience dilution."
}
{
    "_id": "NFLX20230380",
    "title": "",
    "text": "March 2021 Board authorized repurchase $5 billion stock no expiration September 2023 increased repurchase $10 billion expiration. repurchases market Rule 10b-18 trading plans privately-negotiated transactions accelerated block purchases. obligated stock price economic business conditions investment opportunities. discontinue repurchases notice. December 31, 2023 repurchased 14,513,790 shares $6,045 million. December 31, 2023 $8. 4 billion repurchases."
}
{
    "_id": "NFLX20230381",
    "title": "",
    "text": "uses cash include acquisition licensing production marketing streaming delivery personnel costs strategic acquisitions investments. Cash payment non-original content amortization. Investments original content require more cash. production costs paid. global content original liquidity. cash flows funds financing revolving credit facility needs next twelve months."
}
{
    "_id": "NFLX20230387",
    "title": "",
    "text": "cash requirements content debt lease. December 31, 2023 Contractual obligations 12 Content obligations,349,328,923,384,426 Debt,739,159,261,661,898 lease,899,393,541,407,919,690,621,717"
}
{
    "_id": "NFLX20230389",
    "title": "",
    "text": "December 31, 2023 obligations $4. 5 billion $2. 6 billion-current Consolidated Balance Sheets $14. 6 billion."
}
{
    "_id": "NFLX20230390",
    "title": "",
    "text": "obligations include acquisition licensing production. includes non-cancelable commitments creative talent employment. acquisition licensing incurred titles. available liability recorded Balance Sheets. agreements include license unknown future titles quantity fees. film deals TV series license agreements. obligations table estimated obligation unknown future titles to years. obligations $1 billion to $4 billion next three years payments after twelve months. range based management judgments amounts may differ. title license fees include in obligations table."
}
{
    "_id": "NFLX20230391",
    "title": "",
    "text": "obligations principal interest payments. Note 6 financial statements."
}
{
    "_id": "NFLX20230392",
    "title": "",
    "text": "lease obligations expenses non-current liabilities Consolidated Balance Sheets imputed interest. additional not. December 31, 2023 Company additional leases real estate $343 million. See Note 5 Balance Sheet Components financial statements details."
}
{
    "_id": "NFLX20230393",
    "title": "",
    "text": "December 31, 2023 unrecognized tax benefits $327 million $221 million non-current liabilities Balance Sheets. adjustments."
}
{
    "_id": "NFLX20230395",
    "title": "",
    "text": "define free cash flow operating activities less purchases property other assets. important liquidity metric measures cash repay debt acquisitions investments stock repurchases. non-GAAP financial measure not net income operating cash financial performance liquidity GAAP."
}
{
    "_id": "NFLX20230408",
    "title": "",
    "text": "liquidity compare cash flow net income differences timing payments amortization non-cash stock compensation expense gain/loss euro-denominated debt excess property equipment purchases working capital differences. include deferred revenue taxes interest debt. receivables settle quickly. Net cash operating activities,274,301,257,248,044 investing activities,392,143 financing,950,803),149,776,286,549 Non-GAAP reconciliation cash,274,301,257,044 Purchases property equipment,552 Change assets cash flow,749,307,221"
}
{
    "_id": "NFLX20230409",
    "title": "",
    "text": "cash increased $5,248 million 2022 $7,274 million 2023. $916 million 20% income working capital. payments decreased $3,519 million $16,660 $13,140 million."
}
{
    "_id": "NFLX20230410",
    "title": "",
    "text": "Net cash investing activities increased $2,618 million 2022 to $542 million 2023. increase due short-term investments purchases no acquisitions 2023 compared $757 million 2022."
}
{
    "_id": "NFLX20230411",
    "title": "",
    "text": "cash financing increased $5,287 million 2022 to $5,951 million 2023. due repurchases stock $6,045 million 2023 no repurchases 2022 debt maturities repayment maturity $700 million 5. 500% Senior Notes 2022."
}
{
    "_id": "NFLX20230412",
    "title": "",
    "text": "cash $1,518 million $1,057 million amortization $339 million-cash compensation $176 million loss $47 million differences $101 million property purchases depreciation."
}
{
    "_id": "NFLX20230414",
    "title": "",
    "text": "Note 8 Commitments Contingencies statements Part II Item 8 Annual Report 10-K incorporated."
}
{
    "_id": "NFLX20230416",
    "title": "",
    "text": "preparation consolidated financial statements accounting principles requires estimates assumptions assets liabilities contingent assets liabilities revenues expenses. Securities and Exchange Commission critical accounting policies important financial condition results difficult subjective judgments. identified policies judgments. base estimates on historical experience assumptions. results may differ."
}
{
    "_id": "NFLX20230418",
    "title": "",
    "text": "acquire license produce content original unlimited video entertainment. licenses fixed fee specific windows availability. require upfront. Payments additions changes liabilities cash Consolidated Statements Cash Flows."
}
{
    "_id": "NFLX20230419",
    "title": "",
    "text": "recognize content assets Consolidated Balance Sheets. licensed capitalize fee title record liability period cost accepted available streaming. produced capitalize costs. Participations residuals expensed amortization production costs."
}
{
    "_id": "NFLX20230421",
    "title": "",
    "text": "historical viewing patterns amortize content assets Consolidated Statements Operations title availability ten years first availability. amortization accelerated upfront viewing film TV series. 90% licensed content amortized within four years"
}
{
    "_id": "NFLX20230422",
    "title": "",
    "text": "availability. review factors amortization assets. estimates require management."
}
{
    "_id": "NFLX20230423",
    "title": "",
    "text": "third-party qualify for tax incentives spend. accounting incentives type incentive nature location. tax incentives as cash receipts received after title launches. launch amounts eligible recognized in current or non-current Consolidated Balance Sheets receivables. Tax incentives accounted cost content assets reduce amortization Consolidated Statements Operations."
}
{
    "_id": "NFLX20230424",
    "title": "",
    "text": "business model subscription based specific title level. Content assets monetized group reviewed when expected usefulness fair value less than unamortized cost. If content assets stated lower unamortized cost fair value. unamortized costs assets abandoned written off."
}
{
    "_id": "NFLX20230426",
    "title": "",
    "text": "record provision taxes asset liability method. Deferred taxes tax rates differences financial assets liabilities tax bases loss tax credit carryforwards. effect deferred tax assets change tax rates recognized income enactment date. measurement reduced valuation allowance."
}
{
    "_id": "NFLX20230427",
    "title": "",
    "text": "believe assumptions judgments estimates changes tax laws impact taxes financial statements."
}
{
    "_id": "NFLX20230428",
    "title": "",
    "text": "evaluating deferred tax assets consider evidence past results future earnings taxable income tax planning strategies. assumptions income require judgment plans estimates business. results differ assumptions."
}
{
    "_id": "NFLX20230429",
    "title": "",
    "text": "recognize tax benefits uncertain tax positions. recognize benefit if likely position sustained technical merits. tax benefits measured largest benefit 50% likelihood settlement. uncertainties tax audit estimates settlement unrecognized change tax benefits differ."
}
{
    "_id": "NFLX20230430",
    "title": "",
    "text": "Note 10 Income Taxes statements."
}
{
    "_id": "NFLX20230432",
    "title": "",
    "text": "Note 1 consolidated financial statements Presentation Accounting incorporated."
}
{
    "_id": "NFLX20230434",
    "title": "",
    "text": "exposed market risks interest rate debt foreign currency."
}
{
    "_id": "NFLX20230436",
    "title": "",
    "text": "December 31, 2023 cash investments funds time deposits. Interest."
}
{
    "_id": "NFLX20230438",
    "title": "",
    "text": "December 2023 $14. billion debt unsecured fourteen tranches 2024 2030. Note 6."
}
{
    "_id": "NFLX20230439",
    "title": "",
    "text": "debt fluctuate with interest rates increasing declining increasing. fair value foreign currency rates."
}
{
    "_id": "NFLX20230441",
    "title": "",
    "text": "transact currencies. 57% revenue 28% expenses 2023. foreign risk exposures euro British pound Brazilian real Canadian dollar Mexican peso."
}
{
    "_id": "NFLX20230442",
    "title": "",
    "text": "volatility exchange rates weakening foreign currencies. affect revenue income. 2023 revenues $597 million higher rates constant. Part II Item 7 Discussion Analysis Financial Condition Results non-GAAP constant currency."
}
{
    "_id": "NFLX20230443",
    "title": "",
    "text": "December 2023 entered foreign exchange contracts mitigate. dollar revenues January 2024 rates. contracts reduce eliminate fluctuations hedge exposures. contracts cash flow hedges record gains losses income reclassify Consolidated Statements Operations earnings. dollar weakened 10% December 31, 2023 AOCI $958 million lower. adverse change AOCI offset favorable foreign currency change revenues earnings."
}
{
    "_id": "NFLX20230444",
    "title": "",
    "text": "year December 31, 2023 entered foreign exchange contracts mitigate fluctuations. dollar transactions licensing production January 2024 rates. contracts reduce eliminate fluctuations not hedge exposures. contracts cash flow hedges record gains losses AOCI reclassify offset exposures earnings assets. dollar strengthened 10% December 2023 AOCI $71 million lower. adverse change AOCI favorable foreign currency change earnings."
}
{
    "_id": "NFLX20230445",
    "title": "",
    "text": "experienced fluctuations net income settlement remeasurement assets liabilities functional. December 2023 recognized $293 million foreign exchange loss due non-cash remeasurement Senior Notes euros cash liabilities."
}
{
    "_id": "NFLX20230446",
    "title": "",
    "text": "exchange rate cash restricted Consolidated Statements Flows December 2023 $83 million."
}
{
    "_id": "NFLX20230448",
    "title": "",
    "text": "consolidated statements notes Part IV 15 Annual Report 10-K incorporated."
}
{
    "_id": "NFLX20230451",
    "title": "",
    "text": "."
}
{
    "_id": "NFLX20230454",
    "title": "",
    "text": "management co-Chief Chief Financial Officer evaluated disclosure controls procedures Rules 13a-15(e) 15d-15(e) Exchange Act end Annual Report Form 10-K. concluded disclosure controls procedures effective information reports Exchange Act recorded processed summarized reported within time periods Securities and Exchange rules forms information accumulated communicated management timely decisions."
}
{
    "_id": "NFLX20230456",
    "title": "",
    "text": "management co-Chief Chief Financial Officer expect disclosure internal controls prevent error fraud. control system reasonable not absolute assurance objectives met. design reflect resource constraints benefits relative to costs. limitations no evaluation absolute issues fraud Netflix detected."
}
{
    "_id": "NFLX20230458",
    "title": "",
    "text": "management responsible establishing internal control over financial reporting Rule 13a-15(f) Exchange Act. assessed December 31, 2023. used criteria Committee Sponsoring Organizations Treadway Commission Internal Control—Integrated Framework (2013. concluded control effective December 31, 2023. audited by Ernst & Young LLP."
}
{
    "_id": "NFLX20230460",
    "title": "",
    "text": "no change in control over financial reporting quarter ended December 31, 2023."
}
{
    "_id": "NFLX20230462",
    "title": "",
    "text": "Stockholders Board Netflix."
}
{
    "_id": "NFLX20230464",
    "title": "",
    "text": "audited Netflix. control financial reporting December 31, 2023 Control-Integrated Framework Sponsoring Organizations Treadway Commission. Netflix. maintained control reporting 2023."
}
{
    "_id": "NFLX20230465",
    "title": "",
    "text": "audited Public Company Accounting balance sheets December 2023 2022 statements income stockholders’ equity cash flows three years 2023 notes report January unqualified opinion."
}
{
    "_id": "NFLX20230467",
    "title": "",
    "text": "management responsible internal control financial reporting assessment Annual Report. responsibility opinion control based audit. public accounting firm registered PCAOB independent U. federal securities laws rules Securities and Exchange Commission PCAOB."
}
{
    "_id": "NFLX20230468",
    "title": "",
    "text": "conducted audit PCAOB. standards require plan assurance internal control financial reporting."
}
{
    "_id": "NFLX20230469",
    "title": "",
    "text": "audit included understanding internal control financial reporting risk material weakness testing effectiveness procedures necessary. audit provides basis opinion."
}
{
    "_id": "NFLX20230471",
    "title": "",
    "text": "internal control over financial reporting assurance reliability financial reporting preparation financial statements for accounting principles. includes policies procedures maintenance records transactions dispositions assets assurance transactions recorded necessary preparation financial statements receipts expenditures with authorizations management directors assurance prevention of unauthorized acquisition use disposition assets financial statements."
}
{
    "_id": "NFLX20230472",
    "title": "",
    "text": "limitations internal control financial reporting prevent misstatements. projections effectiveness future risk controls compliance policies deteriorate."
}
{
    "_id": "NFLX20230481",
    "title": "",
    "text": "adoption termination contracts purchase sale securities Section 16 officers directors three months December 31, 2023 Rule 10b5-1 Exchange Act Name Securities Purchased Ted Sarandos-CEO Director"
}
{
    "_id": "NFLX20230482",
    "title": "",
    "text": "Ted Sarandos co-CEO stock trading plan Rule November 10 2023. vested options sale 68,957 shares Netflix stock. expires February 7 2025 transactions."
}
{
    "_id": "NFLX20230483",
    "title": "",
    "text": "directors officers-Rule 10b5-1 arrangement 408 Regulation."
}
{
    "_id": "NFLX20230486",
    "title": "",
    "text": "."
}
{
    "_id": "NFLX20230488",
    "title": "",
    "text": "directors officers incorporated One Election Directors Proxy Statement Annual Meeting Stockholders."
}
{
    "_id": "NFLX20230490",
    "title": "",
    "text": "incorporated “Compensation Discussion Named Executive Officers Proxy Statement Annual Meeting Stockholders."
}
{
    "_id": "NFLX20230491",
    "title": "",
    "text": "Ownership Owners Stockholder"
}
{
    "_id": "NFLX20230492",
    "title": "",
    "text": "incorporated “Security Ownership Owners Compensation Plan Proxy Statement Annual Meeting Stockholders."
}
{
    "_id": "NFLX20230494",
    "title": "",
    "text": "incorporated Relationships Related “Director Proxy Statement Annual Meeting Stockholders."
}
{
    "_id": "NFLX20230497",
    "title": "",
    "text": "accounting firm fees services incorporated Two Ratification Proxy Statement Annual Meeting Stockholders."
}
{
    "_id": "NFLX20230499",
    "title": "",
    "text": "documents Annual Report Form 10-K"
}
{
    "_id": "NFLX20230500",
    "title": "",
    "text": "Statements"
}
{
    "_id": "NFLX20230501",
    "title": "",
    "text": "financial statements Annual Report Form 10-K. Data."
}
{
    "_id": "NFLX20230502",
    "title": "",
    "text": "Statement"
}
{
    "_id": "NFLX20230503",
    "title": "",
    "text": "financial statement schedules omitted applicable 8. Financial Statements Supplementary Data."
}
{
    "_id": "NFLX20230504",
    "title": "",
    "text": ""
}
{
    "_id": "NFLX20230505",
    "title": "",
    "text": "Exhibit Annual Report 10-K."
}
{
    "_id": "NFLX20230508",
    "title": "",
    "text": "."
}
{
    "_id": "NFLX20230509",
    "title": "",
    "text": "."
}
{
    "_id": "NFLX20230517",
    "title": "",
    "text": "Report Accounting Firm ID 42 Operations Income Cash Flows Balance Sheets Equity"
}
{
    "_id": "NFLX20230521",
    "title": "",
    "text": "Stockholders Board Netflix."
}
{
    "_id": "NFLX20230523",
    "title": "",
    "text": "audited consolidated balance sheets Netflix, Inc. December 31, 2023 2022 statements operations income stockholders’ equity cash flows three years notes. statements present financial position December 31, 2023 2022 results operations cash flows U. accounting principles."
}
{
    "_id": "NFLX20230524",
    "title": "",
    "text": "audited Public Company Accounting Oversight Board control financial reporting December 31, 2023 Internal Control Framework report January 2024 unqualified opinion."
}
{
    "_id": "NFLX20230526",
    "title": "",
    "text": "financial statements responsibility management. opinion audits. public accounting firm registered PCAOB independent U. federal securities laws Securities Exchange Commission PCAOB."
}
{
    "_id": "NFLX20230527",
    "title": "",
    "text": "conducted audits standards PCAOB. standards require plan audit assurance financial statements free misstatement. audits included risks misstatement. procedures included examining evidence amounts disclosures statements. accounting principles estimates management overall presentation. audits provide reasonable basis for opinion."
}
{
    "_id": "NFLX20230530",
    "title": "",
    "text": "critical audit matter is from current period audit of financial statements communicated to audit committee relates to accounts disclosures material challenging complex judgments. alter our opinion on consolidated financial statements not separate opinion on."
}
{
    "_id": "NFLX20230532",
    "title": "",
    "text": "disclosed Note 1 financial statements Company acquires licenses produces content original programming. amortizes Content historical estimated viewing patterns. Auditing amortization complex subjective judgmental amortization based future viewing patterns. differ amortization content amortization."
}
{
    "_id": "NFLX20230538",
    "title": "",
    "text": "Addressed Audit obtained understanding evaluated design tested controls content amortization process. tested controls review method assumptions viewing consumption patterns. data. audit procedures method assumptions completeness accuracy data. assessed assumptions viewing trends operating information previous estimates results. performed analyses changes assumptions. Ernst & Young LLP Company's auditor since 2012. San Jose California January 26, 2024"
}
{
    "_id": "NFLX20230539",
    "title": "",
    "text": "."
}
{
    "_id": "NFLX20230561",
    "title": "",
    "text": "December Revenues,723,297,550,697,844 Cost,715,368,168,285,332,683 Marketing,502,146 Technology,711,041,273,885 General administrative,285,351,621 Operating income,003,194,509 Interest,212),772,310 taxes,205,405,263,929,103 taxes,005,875) Net income,407,990,116,228 Earnings per share. shares common stock Basic,571,698,155,498,372"
}
{
    "_id": "NFLX20230563",
    "title": "",
    "text": "consolidated."
}
{
    "_id": "NFLX20230564",
    "title": "",
    "text": "."
}
{
    "_id": "NFLX20230575",
    "title": "",
    "text": "December Net income,407,990,116,228 income Foreign currency adjustments,384 Cash flow hedges gains tax benefit $36 million loss(6,639) income,401,351,315,113,031,335"
}
{
    "_id": "NFLX20230577",
    "title": "",
    "text": "consolidated."
}
{
    "_id": "NFLX20230578",
    "title": "",
    "text": "."
}
{
    "_id": "NFLX20230621",
    "title": "",
    "text": "Net income,407,990,116,228 Adjustments Additions assets,554,703),038),702,202 liabilities,310,898 Amortization,197,437,132,367 Depreciation amortization property compensation,368,452,220,296,111,661 non-cash items Deferred income taxes,359,550,548 liabilities assets,834,681) Accounts payable,502,543 expenses liabilities Deferred revenue non assets liabilities,920)(217,553),099) Net cash,274,301,257 Purchases property equipment,552(407,729)(524,585) Acquisitions(757,387)(788,349) Purchases(504,862)(911,276) maturities,395,165 Net cash(2,076,392),339,853) Repayments debt(700,000 issuance common stock,990 Repurchases(6,045,347)(600,022) Taxes equity,168) financing activities(75,446) cash,950,803)(664,254),149,776) exchange rate changes cash,684(170,140)(86,740)(884,529),183,759),170,582,111,238,870,118,515 Income taxes,154,973,265 Interest"
}
{
    "_id": "NFLX20230623",
    "title": "",
    "text": "consolidated."
}
{
    "_id": "NFLX20230624",
    "title": "",
    "text": "."
}
{
    "_id": "NFLX20230659",
    "title": "",
    "text": "December Cash,116,913,147,176-term investments,780,208,021,266,473,736,713 Property equipment,398,257 non-current assets,193,325,731,992,594,768 Liabilities Stockholders’ Equity,150 Accounts payable Accrued expenses,650 Deferred revenue,264,661 Short-term debt,860,974 Non-current Long debt,353,076,452,040 Total,143,367 Commitments contingencies Stockholders’ equity Preferred stock. 10,000,000 shares 2023 2022 no Common stock.4,990,000,000 shares 2022 432,759,584 445,346,776 issued,145,601 Treasury stock,078,268 1,564,478 shares,200,190 loss,306) earnings,589,181,296 equity,588,777,401 liabilities,731,992,594,768"
}
{
    "_id": "NFLX20230661",
    "title": "",
    "text": "consolidated."
}
{
    "_id": "NFLX20230662",
    "title": "",
    "text": "."
}
{
    "_id": "NFLX20230685",
    "title": "",
    "text": "Stock Capital Stock Income Earnings Stockholders’ Equity Balances December 31, 2020,895,261,698,144,065,240 Net income,116,228 loss Issuance common stock options,643 Repurchases stock,182 Shares withheld settlement Stock compensation expense,220 Balances December 31, 2021,107,024,561,190,689,372,849,248 Net income loss Issuance common stock options,383,588 Stock compensation expense,452December 31, 2022,346,776,601(824,190,306),181,296,777,401 income,407,990 loss common stock,203 Repurchases,790,098,010) compensation,368 December 31, 2023,759,584,145,172(6,922,200(223,945),589,286,588,313"
}
{
    "_id": "NFLX20230687",
    "title": "",
    "text": "consolidated."
}
{
    "_id": "NFLX20230688",
    "title": "",
    "text": "."
}
{
    "_id": "NFLX20230692",
    "title": "",
    "text": "Netflix. incorporated August 29, 1997 April 14 1998. entertainment 260 million memberships 190 countries TV films games genres languages. pause resume change plans."
}
{
    "_id": "NFLX20230694",
    "title": "",
    "text": "consolidated statements subsidiaries. balances eliminated."
}
{
    "_id": "NFLX20230696",
    "title": "",
    "text": "preparation consolidated financial statements accounting principles requires estimates assumptions assets liabilities contingent assets liabilities revenues expenses. include content asset amortization policy income tax assets liabilities. Company bases estimates on historical experience assumptions. evaluates assumptions. results may differ"
}
{
    "_id": "NFLX20230698",
    "title": "",
    "text": "November 2023 Financial Accounting Standards Board issued 2023-07 Segment Reporting Improvements Reportable Segment Disclosures disclose expenses items interim annual. single reportable segment 2023-07 ASC 280. effective years December 15 2023 December 15 2024 early. Company evaluating impact 2023-07."
}
{
    "_id": "NFLX20230699",
    "title": "",
    "text": "December 2023 FASB issued ASU 2023-09 entities rate reconciliation income taxes jurisdiction. effective years December 2024 early adoption. Company evaluating impact adopting."
}
{
    "_id": "NFLX20230701",
    "title": "",
    "text": "Company investments 90 days cash equivalents. classifies amounts transit processors transactions cash equivalents."
}
{
    "_id": "NFLX20230702",
    "title": "",
    "text": "Company classifies short-term investments securities maturities 90 days available-sale. reported fair value allowances credit losses Statements unrealized gains losses equity Balance Sheets. uses method gains losses."
}
{
    "_id": "NFLX20230704",
    "title": "",
    "text": "Short-term investments reviewed for credit losses. Company reviews fair value than amortized cost adverse conditions financial condition issuer intent to sell before recovery amortized cost."
}
{
    "_id": "NFLX20230706",
    "title": "",
    "text": "Company acquires licenses produces unlimited video entertainment. licenses fixed fee specific windows availability. require upfront cash. Payments additions changes liabilities cash Consolidated Statements Cash Flows."
}
{
    "_id": "NFLX20230707",
    "title": "",
    "text": "Company recognizes assets Consolidated Balance Sheets. licensed capitalizes fee title records liability period cost accepted available streaming. produced capitalizes costs. Participations residuals expensed amortization production costs."
}
{
    "_id": "NFLX20230708",
    "title": "",
    "text": "historical viewing patterns Company amortizes content assets Consolidated Statements Operations availability ten years first availability. amortization accelerated upfront viewing film TV. 90% licensed content amortized within four years after first availability. reviews factors amortization. estimates require management judgment."
}
{
    "_id": "NFLX20230709",
    "title": "",
    "text": "Company third-party qualify for tax incentives spend. accounting incentives type incentive nature location. tax incentives realized as cash receipts received after title launches. launch amounts received recognized in current or non-current Consolidated Balance Sheets receivables. Tax incentives accounted cost content assets reduce amortization Consolidated Statements of Operations."
}
{
    "_id": "NFLX20230710",
    "title": "",
    "text": "Company's business model subscription based title level. Content assets monetized group reviewed group expected usefulness fair value less than unamortized cost. identified. If assets stated lower unamortized cost fair value. unamortized costs for assets abandoned written off."
}
{
    "_id": "NFLX20230712",
    "title": "",
    "text": "Company estimates value assets liabilities assumed. uncertain tax positions valuation allowances pre-acquisition contingencies recorded."
}
{
    "_id": "NFLX20230714",
    "title": "",
    "text": "Property equipment carried cost less depreciation. Depreciation calculated-line lives 30 years lease term."
}
{
    "_id": "NFLX20230716",
    "title": "",
    "text": "receivables members partners fees. evaluates credit losses trends financial condition market factors. allowance losses not December 2023 2022."
}
{
    "_id": "NFLX20230719",
    "title": "",
    "text": "Company primary revenues monthly membership fees. Members billed revenues recognized."
}
{
    "_id": "NFLX20230720",
    "title": "",
    "text": "taxes collected from members remitted authorities. Company principal relationships partners manufacturers video distributors mobile operators internet providers provide access retains control delivery. price established partner no standalone price Netflix net revenue."
}
{
    "_id": "NFLX20230721",
    "title": "",
    "text": "Company earns advertisements streaming products sources. Revenues material years 2023 2022 2021. Note 2 Revenue Recognition."
}
{
    "_id": "NFLX20230723",
    "title": "",
    "text": "expenses payments partners manufacturers MVPDs operators ISPs. payroll stock compensation facilities. digital television advertising. incurred. $1,732 million $1,586 $1,669 million 2023 2022 2021."
}
{
    "_id": "NFLX20230725",
    "title": "",
    "text": "Company records taxes asset liability method. Deferred taxes rates differences financial assets liabilities tax bases loss tax credit carryforwards. effect deferred tax tax rates recognized enactment date. measurement reduced valuation allowance benefits uncertain. tax effects low tax income current expense."
}
{
    "_id": "NFLX20230726",
    "title": "",
    "text": "Company recognize tax benefits uncertain tax positions. benefit likely sustained authorities merits. tax benefits measured largest benefit 50% likelihood settlement. recognizes interest penalties uncertain tax positions income tax. Note 10 Income Taxes information."
}
{
    "_id": "NFLX20230728",
    "title": "",
    "text": "currency Company subsidiaries economic environment. translates assets liabilities non-U. dollar. dollars exchange rates period. Revenues expenses translated. Gains losses recognized translation adjustment income equity Consolidated Balance Sheets."
}
{
    "_id": "NFLX20230729",
    "title": "",
    "text": "Company remeasures assets liabilities rates. Gains losses recognized Consolidated Statements Operations. Foreign currency transactions loss $293 million gain $282 million $403 million years 2023 2022 2021. due non Senior Notes euros cash liability positions."
}
{
    "_id": "NFLX20230731",
    "title": "",
    "text": "Company uses derivative instruments foreign exchange risk income cash flow exchange."
}
{
    "_id": "NFLX20230733",
    "title": "",
    "text": "Company enters forward contracts foreign exchange risk revenue transactions. dollar licensing production foreign currency assets. contracts"
}
{
    "_id": "NFLX20230734",
    "title": "",
    "text": "cash flow hedges foreign currency commitments transactions maturities 24 months. hedging contracts currency exchange hedge."
}
{
    "_id": "NFLX20230735",
    "title": "",
    "text": "Company recognizes derivative instruments assets or liabilities Consolidated Balance Sheets. classifies instruments Level 2 fair value."
}
{
    "_id": "NFLX20230736",
    "title": "",
    "text": "gain loss on instruments cash flow hedges forecasted foreign currency revenue reported income reclassified into forecasted transaction affects earnings. gain loss cash flow hedges transactions licensing production assets reported AOCI reclassified hedged transaction affects earnings hedged assets amortized. Cash flows from hedging activities underlying item cash."
}
{
    "_id": "NFLX20230737",
    "title": "",
    "text": "transactions probable gains losses cash flow hedges reclassified AOCI to income Consolidated Statements Operations dedesignation."
}
{
    "_id": "NFLX20230738",
    "title": "",
    "text": "Note 7 Derivative Instruments consolidated statements."
}
{
    "_id": "NFLX20230740",
    "title": "",
    "text": "Company grants-qualified stock options. compensation fair value grant recognized forfeitures service period. Note 9 Stockholders' Equity."
}
{
    "_id": "NFLX20230749",
    "title": "",
    "text": "tables revenues membership additions memberships region 2023 2022 2021 United States Canada Revenues,783,084,643,972,100 additions,279 Paid memberships end period,128,296,215"
}
{
    "_id": "NFLX20230757",
    "title": "",
    "text": "December 31, Revenues,556,487,745,015,819 membership additions,084,338 memberships period,813,036"
}
{
    "_id": "NFLX20230764",
    "title": "",
    "text": "Ended December 31, thousands Revenues,461,069,973 membership additions,298,424 memberships period,997"
}
{
    "_id": "NFLX20230771",
    "title": "",
    "text": "Ended December Revenues,763,727,221,266,601 membership additions,315,391,140 memberships,338,632"
}
{
    "_id": "NFLX20230772",
    "title": "",
    "text": "paid membership Netflix service payment not part of free trial promotions. members add extra accounts. not included in paid memberships. membership canceled ceases metrics cancellation date. Voluntary cancellations effective end prepaid membership period. Involuntary cancellations failed payment effective immediately. Memberships assigned territories geographic location geo-location technology."
}
{
    "_id": "NFLX20230774",
    "title": "",
    "text": "Deferred revenue membership fees prepaid memberships redeemed. December 31, 2023 deferred revenue $1,443 million majority membership fees month. remaining gift cards prepaid memberships recognized after redemption 12 months. $178 million increase revenue $1,265 million December 31, 2022 fees."
}
{
    "_id": "NFLX20230791",
    "title": "",
    "text": "earnings per share shares. Diluted earnings potential shares. shares incremental shares stock options. computation earnings per share Ended December Basic earnings per share Net income,407,990,116,228 Shares Weighted-average shares stock,571,698,155 earnings share. Diluted Net income,407,990,116,228 Shares Weighted-average shares,571,698,155 Employee stock options,217 Weighted-average shares,498,372 Diluted earnings per share."
}
{
    "_id": "NFLX20230797",
    "title": "",
    "text": "stock options average market excluded calculation anti-dilutive. table summarizes shares excluded Ended December thousands Employee options,109#6,790"
}
{
    "_id": "NFLX20230799",
    "title": "",
    "text": "Company classifies short-term investments securities maturities 90 days available-for-sale. buy selling. policy preservation capital liquidity return. sell securities not profits differences price."
}
{
    "_id": "NFLX20230809",
    "title": "",
    "text": "tables Company cash equivalents restricted short investments December 2023 2022 equivalents-term investments-current Assets Cash,176 Level 1 securities Money market funds Level 2 securities Time Deposits,605,116,913,488"
}
{
    "_id": "NFLX20230819",
    "title": "",
    "text": "Company international mature year. December 31, 2022 equivalents-term investments-current Assets Cash,071,584 Level 1 securities Money market funds 2 securities Time Deposits,147,176"
}
{
    "_id": "NFLX20230820",
    "title": "",
    "text": "majority Company mature year."
}
{
    "_id": "NFLX20230821",
    "title": "",
    "text": "current assets cash self-insurance letter credit agreements. Non-current assets restricted cash credit. fair value cash equivalents short-term investments Level 2 observable inputs prices."
}
{
    "_id": "NFLX20230822",
    "title": "",
    "text": "Note 6 consolidated statements senior notes."
}
{
    "_id": "NFLX20230824",
    "title": "",
    "text": "no gains losses December 2023."
}
{
    "_id": "NFLX20230837",
    "title": "",
    "text": "assets December 31, Licensed,722,701,732,549 Produced amortization,110,518 production,247,255,940 development pre-production,004,164,658,056,736,713"
}
{
    "_id": "NFLX20230838",
    "title": "",
    "text": "December 31, 2023 $5,777 $2,860 $1,842 million $12,723 million licensed three years. 2023 $3,766 $2,622 $1,793 million $9,843 million."
}
{
    "_id": "NFLX20230839",
    "title": "",
    "text": "December 2023 participations residuals."
}
{
    "_id": "NFLX20230846",
    "title": "",
    "text": "table amortization content assets Licensed content,145,446 Produced,051,991,344,154,174,556,197,437,026,132,230,367"
}
{
    "_id": "NFLX20230847",
    "title": "",
    "text": "Tax incentives production reduce cost amortization. years December 2023 2022 amortization content $835 million $719 million."
}
{
    "_id": "NFLX20230864",
    "title": "",
    "text": "Property equipment depreciation December Land,429,005 Buildings,106 Leasehold improvements Furniture fixtures,682 Information technology aircraft,578 Machinery equipment Capital work,555,151,998 depreciation,741),444,398,257"
}
{
    "_id": "NFLX20230866",
    "title": "",
    "text": "Company entered leases real estate. leases 1 to 15 years options renew. renewal terms extend lease to 20 years. leases non-current assets Balance Sheets represent right use term. obligations lease payments expenses liabilities. lease-use assets liabilities recognized commencement date present value lease payments. short-term leases initial term twelve months less. not recorded Balance Sheets. lease expense recognized straight-line term. uses incremental borrowing rate present value payments. contracts real estate lease non-lease components single lease."
}
{
    "_id": "NFLX20230873",
    "title": "",
    "text": "lease costs 2023 2022 2021 Operating lease cost,856,664,805 Short-term lease,765 Total lease cost,678,428#542,570"
}
{
    "_id": "NFLX20230889",
    "title": "",
    "text": "Company assets liabilities ended December 31, Cash paid lease liabilities,586 assets new lease obligations,142 December thousands term discount rate lease assets,227,122 Current liabilities,985 Non-current liabilities,046,801,222,503 Total liabilities,430,488 lease term. 5 years. 3 years discount rate."
}
{
    "_id": "NFLX20230900",
    "title": "",
    "text": "operating lease liabilities December 2023,353 2025 2026,306 2027,245 2028,465,117,736,383 interest,270,430,113"
}
{
    "_id": "NFLX20230901",
    "title": "",
    "text": "leases $343 million not commenced 2023 recognized Balance Sheets. commence 2024 terms 2 11 years."
}
{
    "_id": "NFLX20230910",
    "title": "",
    "text": "current assets 31, 2022 Trade receivables,054,898 Prepaid expenses,735,388 assets,780,247,208,021"
}
{
    "_id": "NFLX20230911",
    "title": "",
    "text": "$555 $598 million receivables tax incentives December 2022."
}
{
    "_id": "NFLX20230913",
    "title": "",
    "text": "decrease receipt modified licensing arrangement."
}
{
    "_id": "NFLX20230915",
    "title": "",
    "text": "December 2023 notes $14,543 million $65 million costs varying maturities. $400 million short-term debt. December 2022 long-term notes $14,353 million $79 million costs. senior unsecured obligations. payable semi-annually. €5,170 million remeasured. dollars loss $176 million 2023."
}
{
    "_id": "NFLX20230934",
    "title": "",
    "text": "table Company debt fair values December 2023 2022 Amount 2 Value Date. 750% Senior Notes 2014 2024. 875% Senior Notes 2015 2025 3.% Senior Notes 2020 2025. 625% Senior. 375% Notes 2016 2026 3. 625% Senior Notes,391 2017 2027,338. 875% 2017 2028. 875% 2028. 625% Senior Notes 2029,151. 375% Senior Notes 2029. 875% Senior Notes 2019 2029.Senior Notes 2019 2029. Notes 2019 2030. 875% Senior Notes 2019 2030,608,018"
}
{
    "_id": "NFLX20230935",
    "title": "",
    "text": "Notes euro.% €470 million. 625% €1,300 million.,100. 875% €1,200 million. 625%,100."
}
{
    "_id": "NFLX20230936",
    "title": "",
    "text": "Notes repayable change control purchase price equal 101% principal plus accrued interest. Company redeem Notes maturity equal principal plus accrued interest premium. Notes include limitations create liens sale lease-back transactions indebtedness subsidiaries consolidate merge transfer lease assets. December 31, 2023 December 31, 2022 Company compliance covenants."
}
{
    "_id": "NFLX20230939",
    "title": "",
    "text": "March 6, 2023 Company amended $1 billion unsecured credit facility London interbank variable financing interest payments. matures June 17, 2026. borrowed repaid until June 2026. proceeds future borrowings"
}
{
    "_id": "NFLX20230940",
    "title": "",
    "text": ". December borrowed Revolving Credit Agreement."
}
{
    "_id": "NFLX20230941",
    "title": "",
    "text": "borrowings Revolving Credit Agreement bear interest or Term SOFR Rate margin 0. 75%. Alternate Base Rate Wall Street Journal federal funds rate. 50% Term SOFR Rate 1. 00%. Term SOFR Rate forward financing Federal Reserve Bank New York less than 0. 00% per annum."
}
{
    "_id": "NFLX20230942",
    "title": "",
    "text": "Company obligated pay commitment fee undrawn Revolving Credit Agreement annual rate 0. 10%. requires covenants incur debt grant liens sale leaseback transactions merge consolidate liquidate dissolve sell transfer dispose assets. December 31, 2023 December 31, 2022 compliance covenants."
}
{
    "_id": "NFLX20230944",
    "title": "",
    "text": "fiscal year 2023 Company entered derivative instruments foreign exchange risk income cash flow volatility foreign exchange rates. derivative instruments."
}
{
    "_id": "NFLX20230953",
    "title": "",
    "text": "net amounts derivative instruments December 31, thousands hedging Foreign exchange contracts Cash flow hedges"
}
{
    "_id": "NFLX20230962",
    "title": "",
    "text": "fair value outstanding derivative instruments December 31, 2023 Liabilities current non-current expenses thousands Derivatives hedging instruments Foreign exchange contracts Total"
}
{
    "_id": "NFLX20230963",
    "title": "",
    "text": "Company derivative instruments Level 2 fair value. valued models interest yield prices."
}
{
    "_id": "NFLX20230965",
    "title": "",
    "text": "December 31, 2023 pre-tax loss foreign currency cash hedges 12 $128 million."
}
{
    "_id": "NFLX20230967",
    "title": "",
    "text": "credit risk Company netting agreements foreign currency exchange contracts conditions. derivative assets liabilities gross Consolidated Balance Sheets."
}
{
    "_id": "NFLX20230968",
    "title": "",
    "text": "Company security arrangements thresholds. No cash collateral received December 31, 2023."
}
{
    "_id": "NFLX20230975",
    "title": "",
    "text": "potential offsetting effect derivative assets liabilities master netting collateral security agreements December 31, 2023 Amount Not Offset Recognized Offset Amount Presented Received Posted Amount thousands Derivative assets,934,688 Derivative liabilities,418"
}
{
    "_id": "NFLX20230984",
    "title": "",
    "text": "pre-tax gains cash flow hedges AOCI Ended December 31, thousands Cash flow hedges Foreign exchange contracts Amount assessment"
}
{
    "_id": "NFLX20230985",
    "title": "",
    "text": "amounts effectiveness."
}
{
    "_id": "NFLX20230986",
    "title": "",
    "text": "gains losses AOCI Consolidated Statements 2023."
}
{
    "_id": "NFLX20230989",
    "title": "",
    "text": "December 31, 2023 Company $21. 7 billion obligations $4. 5 billion $2. 6 billion-current $14. 6 billion."
}
{
    "_id": "NFLX20230990",
    "title": "",
    "text": "December 31, 2022 Company $21. 8 billion obligations $4. 5 billion $3. 1 billion-current $14. 2 billion."
}
{
    "_id": "NFLX20231000",
    "title": "",
    "text": "payments obligations December 31, thousands Less year,328,923,483 year 3 years,425,551 5,124,307 5,606 Total obligations,349,831,947"
}
{
    "_id": "NFLX20231001",
    "title": "",
    "text": "obligations acquisition licensing production. non. dollar translated. dollar rates. obligation production includes non-cancelable creative talent employment agreements. obligation acquisition licensing incurred titles. liability recorded Consolidated Balance Sheets. agreements include license unknown future titles quantity fees. film deals TV series license agreements. estimated obligation beyond minimum. unknown obligations expected significant."
}
{
    "_id": "NFLX20231003",
    "title": "",
    "text": "Company subject to litigation including employee relations business practices patent infringement. Litigation expensive disruptive operations. results difficult view may change. expenses legal fees. records provision for contingent losses probable liability loss estimated. unfavorable outcome operations financial position liquidity results."
}
{
    "_id": "NFLX20231004",
    "title": "",
    "text": "Company involved in not listed consider material individually. view may change litigation events unfold."
}
{
    "_id": "NFLX20231006",
    "title": "",
    "text": "Company under audit by tax authorities non-income tax matters. disputes tax treatment rate jurisdictions. accrue taxes when loss probable estimable."
}
{
    "_id": "NFLX20231007",
    "title": "",
    "text": "U. S. companies Brazil Company involved tax authorities non-income tax assessments. believes defenses inherent complexity uncertainty final outcome may. current potential exposure approximately $300 million expected increase."
}
{
    "_id": "NFLX20231009",
    "title": "",
    "text": "Company entered contractual arrangements agreed provide indemnification scope business partners other parties including losses breach intellectual property infringement claims. payment conditional other party claim contract."
}
{
    "_id": "NFLX20231011",
    "title": "",
    "text": "Company’s obligations under agreements time amount against third parties for payments. indemnification agreements with directors officers"
}
{
    "_id": "NFLX20231012",
    "title": "",
    "text": "liabilities status directors officers. terms vary."
}
{
    "_id": "NFLX20231014",
    "title": "",
    "text": "maximum future payments agreements conditional obligations unique facts circumstances. No amount accrued financial statements indemnification guarantees."
}
{
    "_id": "NFLX20231017",
    "title": "",
    "text": "holders common stock entitled one vote voted stockholders."
}
{
    "_id": "NFLX20231019",
    "title": "",
    "text": "stockholders approved Stock Plan adopted Board March. incentive options non-statutory options appreciation rights restricted units employees directors consultants."
}
{
    "_id": "NFLX20231037",
    "title": "",
    "text": "stock option plans Grant Exercise Price Contractual Term Intrinsic Value Balances December 31, 2020,702,085,676,810. Granted,556,725. Exercised. Expired. Balances December 31, 2021,145,360,595,851. Granted,691,257). Exercised,383,669. Expired. Balances December 31, 2022,454,103,896,861. Granted,218). Exercised. Expired. Balances December 31, 2023,885,695,109.,404 Vested December 2023. December 2023,447,739.,586"
}
{
    "_id": "NFLX20231038",
    "title": "",
    "text": "intrinsic value represents total pretax difference closing stock price last 2023 exercise price multiplied-money options received option holders. changes fair market value common stock."
}
{
    "_id": "NFLX20231045",
    "title": "",
    "text": "summary option exercises Ended December 31, thousands Total value options,594,362,599 Cash options,990"
}
{
    "_id": "NFLX20231057",
    "title": "",
    "text": "Stock options vested exercisable ten year term employment. officers one-year anniversary continuous employment. table assumptions option grants lattice-binomial model valuation data Dividend yield Expected volatility - - 41% Risk-free interest rate. 57% -. 71%. 62% Suboptimal exercise factor. 22. 71. 98 Valuation data Weighted-average fair value share. stock compensation expense income tax impact"
}
{
    "_id": "NFLX20231058",
    "title": "",
    "text": "Company considers suboptimal historical estimated."
}
{
    "_id": "NFLX20231059",
    "title": "",
    "text": "Company calculates volatility implied volatility. believes implied volatility options market conditions volumes better indicator historical volatility."
}
{
    "_id": "NFLX20231060",
    "title": "",
    "text": "shares employee stock option plans risk-free interest rate. Treasury zero-coupon issues. cash dividends dividend yield zero option. post-vesting termination rate options vested grant."
}
{
    "_id": "NFLX20231061",
    "title": "",
    "text": "value stock options 2023 $311 million. options vesting 2022 2021. $26 million unrecognized compensation cost nonvested stock options. 45 years."
}
{
    "_id": "NFLX20231063",
    "title": "",
    "text": "March 2021 Board authorized repurchase $5 billion common stock expiration September 2023 increased repurchase $10 billion expiration. repurchases market Rule 10b-18 Exchange trading plans privately-negotiated transactions accelerated block purchases. obligated stock price economic business conditions investment opportunities. discontinue repurchases notice. December 31, 2023 repurchased 14,513,790 shares $6,045 million. December 31, 2023 $8. 4 billion repurchases. Shares repurchased accounted transaction settled. costs included cost."
}
{
    "_id": "NFLX20231075",
    "title": "",
    "text": "table income net tax Currency Translation Adjustments Unrealized Gains Cash Flow Hedges Balances December 31, 2020,398 income reclassifications December 31, 2021,495 reclassifications Balances December 31, 2022,306) reclassifications,384 Balances December 31, 2023"
}
{
    "_id": "NFLX20231083",
    "title": "",
    "text": "Income taxes Ended December United States,762,218,349,749 Foreign,711,354 before taxes,205,405,263,929,103"
}
{
    "_id": "NFLX20231098",
    "title": "",
    "text": "income taxes thousands Current tax Federal,170 State,795,641 Foreign,539,189,340,393,356 Deferred tax Federal,760,434 State,475),691) Foreign,282 deferred(542,978)(134,527) income taxes#797,415,005,875"
}
{
    "_id": "NFLX20231113",
    "title": "",
    "text": "taxes 21% Federal tax rate Ended December tax expense. Federal rate,303,123,428 State taxes Federal tax,400 Foreign earnings. rates,489 Research development tax credit,909) Excess tax benefits stock-based compensation,899 Foreign-derived income deduction,597,238) Nontaxable nondeductible items,144 Provision income taxes,005,875 Effective Tax Rate"
}
{
    "_id": "NFLX20231136",
    "title": "",
    "text": "deferred tax liabilities December Stock compensation,456 Tax credits loss,411 research expenses,998 Accruals reserves,732 lease liabilities losses deferred tax assets,249 Valuation allowance,342,506,907 liabilities Depreciation amortization,477-use lease Unrealized gains Acquired intangibles,433 deferred tax liabilities,366"
}
{
    "_id": "NFLX20231146",
    "title": "",
    "text": "table deferred tax assets liabilities Balance Sheets December deferred tax assets,760 liabilities,210 Net deferred tax assets"
}
{
    "_id": "NFLX20231147",
    "title": "",
    "text": "December 2023 $582 million California R&D tax $838 million state loss 2026 $19 million foreign tax credit 2033 $421 million loss 2024."
}
{
    "_id": "NFLX20231148",
    "title": "",
    "text": "deferred tax considered market growth earnings income tax planning strategies. December 2023 valuation allowance $442 million California R&D tax credits loss carryforwards foreign tax credits."
}
{
    "_id": "NFLX20231149",
    "title": "",
    "text": "December 31, 2023. taxes $52 million undistributed earnings reinvested. provided taxes recorded deferred tax liability earnings."
}
{
    "_id": "NFLX20231160",
    "title": "",
    "text": "unrecognized tax benefits not payment cash year non-current deferred tax assets Consolidated Balance. December 31, 2023 2022 unrecognized tax benefits $327 million $227 million $188 million $155 million recognized effective tax rate. changes tax benefits December 31, thousands Balance,557,124 Increases tax positions current,865,317 prior,794,116 Decreases,117 settlements taxing authorities,179 expiration statute of limitations Balance end year,105,557"
}
{
    "_id": "NFLX20231161",
    "title": "",
    "text": "Company includes penalties tax benefits Balance Sheets. 2022 2021 recorded $25 million $2 million $1 million interest penalties. 2023 2022 $28 million $3 million."
}
{
    "_id": "NFLX20231162",
    "title": "",
    "text": "Company files. Federal state foreign tax returns. under examination IRS 2016 2018 2019 2022. foreign state tax returns 2016 2022 jurisdictions. stages inquiry examination tax positions future obligations arise. amounts reserved adjustments examination."
}
{
    "_id": "NFLX20231163",
    "title": "",
    "text": "potential outcome examinations unrecognized tax benefits change next twelve months. estimate adjustments."
}
{
    "_id": "NFLX20231166",
    "title": "",
    "text": "Company 401) savings plan. contribute 80% salary not Internal Revenue Service. matches contributions Board. 2022 2021 contributions $114 $102 million $85 million."
}
{
    "_id": "NFLX20231168",
    "title": "",
    "text": "Company contributes to multiemployer pension plans union-represented employees. risks different from single contributions benefits employees other if required pay underfunded status if stops unfunded obligations become remaining employers. contributes to other multiemployer benefit plans health welfare benefits to active retired participants. in multiemployer benefit plans individually significant."
}
{
    "_id": "NFLX20231175",
    "title": "",
    "text": "table contributions pension health plans 2023 2022 2021 Pension,285,885,133 Health benefits,157,285,153 contributions,442,170,286"
}
{
    "_id": "NFLX20231177",
    "title": "",
    "text": "Company operates segment. co-chief officers review financial information decisions performance allocating resources."
}
{
    "_id": "NFLX20231178",
    "title": "",
    "text": ". revenues $13. billion 1 billion 2023 2022 2021. Note 2 Revenue."
}
{
    "_id": "NFLX20231185",
    "title": "",
    "text": "Company operating lease-use Consolidated Balance Sheets December 31, United States,724,710,745,071 International,308"
}
{
    "_id": "NFLX20231240",
    "title": "",
    "text": "Exhibit Number Reference. Date. Certificate Incorporation-35727. 8, 2022. Restated Bylaws-35727. 24 2023. Common Stock Certificate-83878. 16, 2002. February 19, 2014, Company Wells Fargo Bank National Association.-35727. February 5 2015, Company Wells Fargo Bank.-35727. Wells Fargo Bank. October 27, 2016, Company Wells Fargo Bank.-35727. 2016. Supplemental Indenture September 24, 2014, Company Wells Fargo Bank.-35727. 20, 2017. May 2, 2017 Company Wells Fargo Bank.October 26, 2017 Company Wells Fargo Bank National Association-35727. April 26, 2018 Company Wells Fargo Bank Association-35727. Company Wells Fargo Bank Association. 375% Senior Notes 2029). Company Wells Fargo Bank Association. 625% Senior Notes 2029). April 29, 2019 Company Wells Fargo Bank National Association. 375% Senior Notes 2029)-35727. Company Wells Fargo Bank Association. 875% Senior Notes. October 25 2019 Company Wells Fargo Bank National Association. 875% Senior Notes 2030-35727. Company Wells Fargo Bank Association. 625% Senior Notes 2030-35727.25 2019. April 28, 2020 Wells Fargo Bank Association. Senior Notes 2025-35727. 2020. April Wells Fargo Bank. Notes 2025-35727. Registrant's Securities Securities Exchange Act 1934. 26, 2023. Indemnification Agreement registrant officers directors. 20 2002. Stock. 22, 2020. Director Equity Compensation Plan-35727. 24 2018. Performance Bonus Plan. 9 2022. Executive Severance Retention Incentive Plan. 10 2021. Credit Agreement Company Deutsche bank Goldman Sachs Bank JPMorgan Chase Bank.Morgan Stanley Senior Funding. Wells Fargo Bank. July 27, 2017-35727. 18 2017. Amendment Agreement March 29, 2019 Netflix. Lenders Morgan Stanley Funding.-35727. Amendment Agreement June 17, 2021 Netflix. Lenders Morgan Stanley.-35727. Amendment Agreement March 6 2023 Netflix. Lenders Morgan Stanley Funding.-35727. 21, 2023. Stock Option Agreement Stock. 27, 2022. 2020 Stock. 26, 2023. Restricted Stock Unit Agreement. 2023. Restricted Stock Unit. Executive Officer Severance Plan.Severance Retention Incentive Plan Amended Restated January 1 2024 8 2023. Subsidiaries. Ernst & Young LLP Attorney. Co-Chief Executive Officer Section 302 Sarbanes-Oxley Act 2002 Exhibit Number. Date. Co 302. Chief Financial Officer. Co-Chief Executive Chief Financial Officer Section 906 Sarbanes-Oxley Act 2002. Inc. Clawback Policy financial statements Annual Report 10-K December 31, 2023 Operations Income Cash Flows Balance Sheets Stockholders' Equity Notes cover page Annual Report 10-K December 2023"
}
{
    "_id": "NFLX20231241",
    "title": "",
    "text": "certifications not filed SEC incorporated Securities Act 1933 Exchange Act 1934 incorporation language."
}
{
    "_id": "NFLX20231251",
    "title": "",
    "text": "Section 13 15 Securities Exchange Act 1934 registrant report signed undersigned. Inc. 26, 2024 TED SARANDOS Co-Chief Executive Officer GREG PETERS-Chief Officer"
}
{
    "_id": "NFLX20231253",
    "title": "",
    "text": "KNOWN PERSONS PRESENTS each person signature below Ted Sarandos Greg Peters Spencer Neumann true lawful attorneys-in-fact agents full power substitution resubstitution name sign amendments Report file exhibits documents with Securities Exchange Commission granting attorneys agents full power authority do perform act requisite necessary ratifying confirming attorneys-in-fact agents lawfully do cause."
}
{
    "_id": "NFLX20231286",
    "title": "",
    "text": "Securities Exchange Act 1934 report signed registrant capacities dates. TED SARANDOS-Chief Executive Officer GREG PETERS-Chief SPENCER NEUMANN Financial Officer JEFFREY KARBOWSKI Accounting Officer REED HASTINGS Chairman Director RICHARD BARTON MATHIAS DÖPFNER M. HALEY. JAY. HOAG. LESLIE. KILGORE. STRIVE MASIYIWA ANN MATHER SUSAN RICE BRAD SMITH ANNE SWEENEY"
}
{
    "_id": "AAPL20230004",
    "title": "",
    "text": "Company manufactures markets smartphones computers tablets wearables accessories services. year September."
}
{
    "_id": "AAPL20230007",
    "title": "",
    "text": "iPhone® smartphones iOS. includes Pro 14 13 SE®."
}
{
    "_id": "AAPL20230009",
    "title": "",
    "text": "Mac® Company’s computers macOS®. includes laptops desktops iMac® Pro®."
}
{
    "_id": "AAPL20230011",
    "title": "",
    "text": "iPad® Company’s line tablets iPadOS®. includes mini®."
}
{
    "_id": "AAPL20230013",
    "title": "",
    "text": "Wearables smartwatches wireless headphones. smartwatches Apple 2 Series 9 SE®. headphones Beats®."
}
{
    "_id": "AAPL20230014",
    "title": "",
    "text": "Home includes Apple media streaming gaming wireless speakers."
}
{
    "_id": "AAPL20230015",
    "title": "",
    "text": "Apple third-party."
}
{
    "_id": "AAPL20230019",
    "title": "",
    "text": "advertising services licensing platforms."
}
{
    "_id": "AAPL20230021",
    "title": "",
    "text": "Company offers fee-based service AppleCare®. provide Apple support global network repair replacement additional coverage accidental damage theft loss."
}
{
    "_id": "AAPL20230023",
    "title": "",
    "text": "cloud services content Apple Windows computers."
}
{
    "_id": "AAPL20230025",
    "title": "",
    "text": "Company operates platforms App download content books games podcasts."
}
{
    "_id": "AAPL20230026",
    "title": "",
    "text": "Company offers digital content subscription Apple Apple Fitness Apple on-demand radio Apple News news Apple TV content live sports."
}
{
    "_id": "AAPL20230028",
    "title": "",
    "text": "Company offers services Apple-branded Apple cashless."
}
{
    "_id": "AAPL20230030",
    "title": "",
    "text": "Company manages business. segments Americas Europe Greater China Japan Asia Pacific. Americas South America. Europe India Middle East Africa. Greater China Hong Kong Taiwan. Asia Pacific Australia Asian. hardware services managed separately location market dynamics."
}
{
    "_id": "AAPL20230032",
    "title": "",
    "text": "customers consumer business education enterprise government. sells-party retail online stores direct sales force. indirect distribution channels carriers wholesalers retailers resellers. 2023 net sales 37% 63% net sales."
}
{
    "_id": "AAPL20230034",
    "title": "",
    "text": "markets products competitive aggressive price competition pressure margins new short life cycles evolving standards improvement price performance technological advancements price sensitivity. competitors aggressive pricing low cost products intellectual property."
}
{
    "_id": "AAPL20230036",
    "title": "",
    "text": "products services. designs develops solution hardware operating system software services. competitive factors include price features performance quality reliability design innovation third-party software ecosystem marketing distribution service support corporate reputation."
}
{
    "_id": "AAPL20230037",
    "title": "",
    "text": "Company expanding market opportunities smartphones computers tablets wearables accessories services. faces competition technical marketing distribution resources established hardware software large customer bases. competitors broader product lines lower-priced products larger. Competition intense competitors cut prices lowered margins. profit loss. services compete illegitimate third content. competitors imitate features applications integrated solutions."
}
{
    "_id": "AAPL20230039",
    "title": "",
    "text": "components essential available multiple certain obtained single limited. competes smartphones computers tablets wearables accessories. components subject shortage commodity pricing fluctuations."
}
{
    "_id": "AAPL20230040",
    "title": "",
    "text": "Company uses custom components competitors new products utilize one source. new technologies capacity constraints exist until suppliers’ yields manufacturing capacities increased. availability suppliers common instead customized."
}
{
    "_id": "AAPL20230041",
    "title": "",
    "text": "Company entered agreements supply components no guarantee extend renew similar terms."
}
{
    "_id": "AAPL20230043",
    "title": "",
    "text": "industries Company rapid technological advances depends flow competitive products services technologies marketplace. technologies products offerings through research development licensing acquisition third-party businesses technology."
}
{
    "_id": "AAPL20230045",
    "title": "",
    "text": "Company holds intellectual property rights hardware accessories software services. includes patents designs copyrights trademarks U. S. foreign countries. believes relies on skills technical competence marketing abilities personnel."
}
{
    "_id": "AAPL20230046",
    "title": "",
    "text": "Company files patent design copyright trademark applications research pursuing thousands. accumulated large portfolio intellectual property rights. No right products services. believes duration adequate lives products services."
}
{
    "_id": "AAPL20230047",
    "title": "",
    "text": "Company-owned intellectual property products services include property third parties. may necessary seek renew licenses products processes services. licenses reasonable terms past no guarantee future reasonable."
}
{
    "_id": "AAPL20230050",
    "title": "",
    "text": "Company experienced higher net sales first quarter due seasonal holiday demand. new product service introductions impact net sales cost operating expenses. timing sales channels inventory declines. sales consumers anticipate product introduction."
}
{
    "_id": "AAPL20230052",
    "title": "",
    "text": "Company believes talented inclusive safe supportive environment. September 30 2023 161,000 employees."
}
{
    "_id": "AAPL20230054",
    "title": "",
    "text": "Company inclusion diversity workplace free harassment."
}
{
    "_id": "AAPL20230056",
    "title": "",
    "text": "Company believes compensation competitive equitable enable employees share success. recognizes people thrive resources time support professional personal lives. offers benefits invests tools resources growth development."
}
{
    "_id": "AAPL20230058",
    "title": "",
    "text": "Company committed inclusive workforce representative communities. increase diverse representation inclusive culture equitable pay opportunity."
}
{
    "_id": "AAPL20230060",
    "title": "",
    "text": "Company believes open communication managers leaders collaborative work environment. questions conducts surveys sentiment career development manager performance inclusivity."
}
{
    "_id": "AAPL20230062",
    "title": "",
    "text": "Company committed protecting team members. risks. supports safety security crisis management training programs high-hazard environments. safety security visitors customers global security team."
}
{
    "_id": "AAPL20230064",
    "title": "",
    "text": "Annual Reports 10-K Quarterly 10-Q Current Reports 8-K amendments Sections 13(a 15(d Securities Exchange Act 1934 filed U. S. Securities Exchange Commission.-relations-filings. provides information corporate website. investor relations website. press releases financial performance environmental social governance matters annual meeting shareholders. Form 10-K not incorporated filing. website URLs inactive textual."
}
{
    "_id": "AAPL20230067",
    "title": "",
    "text": "Company’s business reputation financial condition stock price affected by factors known or unknown including below. risks materialize affected."
}
{
    "_id": "AAPL20230068",
    "title": "",
    "text": "affecting results financial condition past performance future performance use historical trends anticipate future. risk factors forward-looking statements."
}
{
    "_id": "AAPL20230069",
    "title": "",
    "text": "Part II Item 7 Financial Condition consolidated financial statements Part II Item 8 Form 10-K."
}
{
    "_id": "AAPL20230071",
    "title": "",
    "text": "operations depend global regional adverse affect business financial condition."
}
{
    "_id": "AAPL20230072",
    "title": "",
    "text": "international operations sales outside U. S majority sales. global supply chain large complex majority facilities outside. operations depend global economic conditions."
}
{
    "_id": "AAPL20230073",
    "title": "",
    "text": "conditions slow growth high unemployment inflation credit interest rates currency fluctuations consumer confidence spending demand products. fiscal monetary policy volatility income economic factors."
}
{
    "_id": "AAPL20230074",
    "title": "",
    "text": "adverse impact demand uncertainty global economic conditions suppliers manufacturers logistics providers distributors carriers developers. outcomes financial instability credit insolvency."
}
{
    "_id": "AAPL20230075",
    "title": "",
    "text": "economic conditions credit collectibility risk failure counterparties institutions debt reduced liquidity declines values financial instruments. business financial condition stock price."
}
{
    "_id": "AAPL20230076",
    "title": "",
    "text": "disputes war terrorism disasters health accidents interruptions."
}
{
    "_id": "AAPL20230077",
    "title": "",
    "text": "disputes war terrorism disasters health accidents interruptions commerce economy Company customers suppliers manufacturers distributors carriers partners."
}
{
    "_id": "AAPL20230079",
    "title": "",
    "text": "Company large global business sales outside U. S. majority net sales benefits from growth international trade. manufacturing by outsourcing partners in China India Japan South Korea Taiwan Vietnam. Restrictions on international trade tariffs controls affect operations supply chain limit products services. impact if countries revenues supply chain operations. Restrictive measures require changing suppliers restructuring business relationships third-party applications. Changing operations restrictions expensive time-consuming disruptive. restrictions advance notice not mitigate adverse impacts. tensions between governments. led to tariffs restrictions. If escalate could severe restrictive affect business. Political uncertainty consumer confidence spending business."
}
{
    "_id": "AAPL20230080",
    "title": "",
    "text": "Company’s operations suppliers manufacturers prone to earthquakes natural disasters. interruption fire power shortages nuclear terrorist attacks ransomware cybersecurity attacks labor disputes public health issues pandemics events beyond control. Global climate change natural disasters droughts floods hurricanes wildfires. manufacture deliver products delays inefficiencies supply slowdowns outages impact consumer spending demand. interruption recovery expenditures lose sales. relies on sources for supply components interruption negative consequences."
}
{
    "_id": "AAPL20230081",
    "title": "",
    "text": "operations risks industrial accidents suppliers contract manufacturers. suppliers maintain safe environments industrial accident injuries disruption business harm reputation. public health issues COVID-19 Company impact global economy demand consumer products safety employee travel limitations freight services disruptions operations supply chain sales distribution interruptions services delays production new products development services."
}
{
    "_id": "AAPL20230082",
    "title": "",
    "text": "Company maintains insurance coverage losses all losses."
}
{
    "_id": "AAPL20230083",
    "title": "",
    "text": "Global markets products services competitive rapid technological change compete."
}
{
    "_id": "AAPL20230084",
    "title": "",
    "text": "products services markets price competition pressure margins new short life cycles evolving standards improvement price performance technological advancements price sensitivity."
}
{
    "_id": "AAPL20230085",
    "title": "",
    "text": "Company’s depends introduction products services technologies. designs develops solution including hardware operating system software services. investments R&D. no assurance investments returns may develop market new products."
}
{
    "_id": "AAPL20230087",
    "title": "",
    "text": "Company holds patents trademarks copyrights registered additional. competitors aggressive pricing low cost products intellectual property. intellectual property protection not available in every country Company. If develop sell products competitors infringe intellectual property competitive advantage."
}
{
    "_id": "AAPL20230088",
    "title": "",
    "text": "Company minority share global smartphone computer tablet markets. competition technical marketing distribution resources established hardware software digital content relationships. competitors broader lines lower-priced larger devices. Competition intense cut prices lowered margins. little profit loss. markets growth contracted."
}
{
    "_id": "AAPL20230089",
    "title": "",
    "text": "Company faces competition competitors imitate features applications solutions competitive. expects competition intensify competitors imitate components integrated solutions."
}
{
    "_id": "AAPL20230090",
    "title": "",
    "text": "services face competition including resources experience large bases. competes with content free. illegitimate third-party content applications."
}
{
    "_id": "AAPL20230091",
    "title": "",
    "text": "business results financial condition depend on products services maintain functional design advantages. no assurance products."
}
{
    "_id": "AAPL20230093",
    "title": "",
    "text": "stimulate demand manage introductions transitions."
}
{
    "_id": "AAPL20230094",
    "title": "",
    "text": "volatile competitive markets industries Company must introduce new products services technologies enhance stimulate customer demand manage transition. success new introductions depends on factors timely development market acceptance risks new technologies production application software management purchase commitments inventory levels demand availability quantities expected costs risk quality defects. no future introductions transitions."
}
{
    "_id": "AAPL20230095",
    "title": "",
    "text": "Company depends manufacturing services outsourcing partners outside."
}
{
    "_id": "AAPL20230096",
    "title": "",
    "text": "Company’s manufacturing by outsourcing partners in China India Japan South Korea Taiwan Vietnam concentration small partners single locations. Changes supply chain require time resources involve risks uncertainties. outsourced transportation logistics management. lower costs reduce control over production distribution. diminished control quality flexibility. arrangements product defect expense reimbursement Company responsible for warranty out-of-warranty service defects experiences liabilities. partners supplier code conduct violations affect business reputation financial condition."
}
{
    "_id": "AAPL20230098",
    "title": "",
    "text": "Company relies on partners U. S. Asia Europe components Asia assembly hardware products. failure cost supply goods. manufacturing logistics disasters failures commercial disputes armed conflict economic business labor environmental health political issues trade disputes."
}
{
    "_id": "AAPL20230099",
    "title": "",
    "text": "Company invested equipment held outsourcing partners made prepayments suppliers long-term supply agreements. arrangements ensure supply components goods financial problems supply reduced terminated recoverability equipment prepayments."
}
{
    "_id": "AAPL20230100",
    "title": "",
    "text": "results obtain components reasonable terms."
}
{
    "_id": "AAPL20230101",
    "title": "",
    "text": "Company obtains components from sources subject to supply pricing risks. components subject to industry-wide shortages commodity pricing fluctuations affect business results financial condition. global semiconductor industry experienced high demand shortages affected obtain components. disruptions could occur future. Company agreements for supply no assurance extend renew agreements. suppliers may suffer poor financial conditions to business failure consolidation limiting obtain. effects of global regional economic conditions on suppliers obtain components. subject to risks of supply shortages price increases business financial condition."
}
{
    "_id": "AAPL20230102",
    "title": "",
    "text": "new products utilize custom components one source. new technologies capacity constraints exist until suppliers’ yields or manufacturing capacities increased. availability components at prices suppliers production common components instead customized. supply components for delayed outsourcing partner delayed shipments business results financial condition affected future delays could affect. performance time to obtain quantities source or alternative."
}
{
    "_id": "AAPL20230103",
    "title": "",
    "text": "Company’s products services affected by design manufacturing defects business reputation."
}
{
    "_id": "AAPL20230104",
    "title": "",
    "text": "Company offers complex hardware software products affected by design manufacturing defects. operating software applications with operation. Defects in components products. products unsafe risk environmental damage personal injury. risks increase specialized applications health. service offerings quality issues outages slowdowns errors. meet expectations. no assurance fix all issues defects software. Failure technical performance issues. to liability claims recalls replacements write-offs inventory property warranty expenses costs regulatory fines. Quality problems affect experience harm reputation loss competitive advantage poor market acceptance reduced demand delay lost sales."
}
{
    "_id": "AAPL20230106",
    "title": "",
    "text": "Company write-downs inventory assets purchase cancellation risk."
}
{
    "_id": "AAPL20230107",
    "title": "",
    "text": "Company records write-down inventories obsolete demand cost value. accrues cancellation fee reserves excess. reviews long-lived assets capital assets inventory prepayments for impairment. impairment records write-down carrying value fair value. believes inventory capital assets prepayments commitments recoverable no assurance write-downs fees impairments charges product obsolescence."
}
{
    "_id": "AAPL20230108",
    "title": "",
    "text": "Company orders components builds inventory announcements shipments. Manufacturing obligations cover requirements 150 days. markets volatile technology price changes risk excess utilize purchase commitments."
}
{
    "_id": "AAPL20230109",
    "title": "",
    "text": "Company relies third-party intellectual property available reasonable."
}
{
    "_id": "AAPL20230110",
    "title": "",
    "text": "Company’s products services include intellectual property third parties licenses. technological changes patent coverage rapid issuance new patents products services can infringe patents intellectual property rights. notified patents intellectual property rights third. believes licenses-party intellectual property obtained reasonable terms. no necessary licenses. Failure obtain right use third-party intellectual property can preclude selling products business results financial condition."
}
{
    "_id": "AAPL20230111",
    "title": "",
    "text": "future performance software developers."
}
{
    "_id": "AAPL20230112",
    "title": "",
    "text": "Company believes decisions hardware depend on availability third-party software applications services. no assurance developers. If cease customers may choose not buy."
}
{
    "_id": "AAPL20230113",
    "title": "",
    "text": "Company believes availability third-party software depends on developers’ perception benefits developing maintaining upgrading compared platforms Android Windows computers PlayStation Nintendo Xbox gaming platforms. analysis based market position revenue future growth costs."
}
{
    "_id": "AAPL20230114",
    "title": "",
    "text": "Company’s minority market share in smartphone tablet markets developers less develop software competitors’. on competing platforms availability quality applications suffer."
}
{
    "_id": "AAPL20230115",
    "title": "",
    "text": "Company relies on innovative software applications for products. products systems rapid change third-party developers keep up applications fail operate incorrectly in dissatisfied customers lower demand."
}
{
    "_id": "AAPL20230117",
    "title": "",
    "text": "Company distributes third-party applications through App Store. majority developers keep revenue on App Store. Company retains commission from sales digital services. changes to App Store competition market conditions legal regulatory requirements. expects business changes legislative initiatives European Union Digital Markets Act required by March 2024. subject to litigation investigations App Store resulted in changes business practices may. Changes included alternative purchasing mechanisms. Future changes could affect access distribution outside. could reduce volume sales commission. If commission reduced narrowed business results financial condition could affected."
}
{
    "_id": "AAPL20230118",
    "title": "",
    "text": "Failure obtain create digital content customers make reasonable terms business results financial condition."
}
{
    "_id": "AAPL20230119",
    "title": "",
    "text": "Company contracts with third parties digital content. includes right sell subscriptions third-party incorporate content services. licensing distribution arrangements short periods guarantee continuation renewal terms. third-party providers may offer competing products license distribute. Other limit access increase cost content. may offer content at reasonable prices usage rules."
}
{
    "_id": "AAPL20230120",
    "title": "",
    "text": "Company produces digital content costly competition talent fail appeal customers."
}
{
    "_id": "AAPL20230121",
    "title": "",
    "text": "third-party content providers require rights management security solutions. requirements change new technology. no assurance reasonable cost timely."
}
{
    "_id": "AAPL20230122",
    "title": "",
    "text": "success depends talents team members service skilled employees key personnel culture."
}
{
    "_id": "AAPL20230123",
    "title": "",
    "text": "future success depends on team key personnel Chief Executive Officer team skilled employees. Experienced personnel technology high demand competition intense Silicon Valley key personnel. workforce dynamics. affect culture reputation operational flexibility."
}
{
    "_id": "AAPL20230124",
    "title": "",
    "text": "Company believes distinctive culture driver success. culture affect recruit retain skilled employees critical success business reputation results financial condition."
}
{
    "_id": "AAPL20230125",
    "title": "",
    "text": "wholesalers retailers resellers."
}
{
    "_id": "AAPL20230126",
    "title": "",
    "text": "Company distributes products services carriers wholesalers retailers resellers. sells resells-party consumers businesses education enterprise government retail stores sales force."
}
{
    "_id": "AAPL20230127",
    "title": "",
    "text": "carriers offer financing installment plans subsidies purchases. no assurance offers continued."
}
{
    "_id": "AAPL20230129",
    "title": "",
    "text": "Company invested programs reseller sales staffing stores improving product displays. programs substantial investment not assuring return sales. financial condition weaken stop uncertainty demand reduce ordering marketing."
}
{
    "_id": "AAPL20230130",
    "title": "",
    "text": "impacted failures network disruptions."
}
{
    "_id": "AAPL20230131",
    "title": "",
    "text": "Company supply chain dependent on systems exposed to failures disasters accidents power telecommunications terrorism viruses break-ins ransomware cybersecurity. upgrades redundancy continuity measures business continuity disaster recovery planning. failures impact business online services transactions manufacturing shipping products. affect business reputation financial condition."
}
{
    "_id": "AAPL20230132",
    "title": "",
    "text": "unauthorized releases reputational financial legal operational consequences."
}
{
    "_id": "AAPL20230133",
    "title": "",
    "text": "Company’s business requires confidential customers employees. devotes resources network data security encryption security measures. absolute security losses unauthorized access releases affect business reputation financial condition."
}
{
    "_id": "AAPL20230134",
    "title": "",
    "text": "Company’s business confidential information with suppliers third parties. relies on global suppliers exposed to ransomware attacks. information losses unauthorized releases occur. incidents attacks affect business reputation financial condition."
}
{
    "_id": "AAPL20230135",
    "title": "",
    "text": "Company experiences malicious attacks unauthorized access. attacks compromise confidentiality information disrupt business operations impair customers impact stock price damage commercial relationships expose investigations penalties fines judgments. attacks frequency sophistication use tools circumvent controls avoid detection evidence identify investigate recover. attacks escalate during severe diplomatic armed conflict."
}
{
    "_id": "AAPL20230136",
    "title": "",
    "text": "malicious attacks confidential information affect companies Company greater risk high profile value confidential information owns manages."
}
{
    "_id": "AAPL20230137",
    "title": "",
    "text": "Company implemented systems secure prevent access sensitive data encryption authentication technologies. security measures vulnerable hacking ransomware employee error malfeasance system error faulty password management irregularities. third parties induce disclosing usernames passwords sensitive information unauthorized access. deploys multifactor authentication monitors services systems unusual activity freeze accounts suspicious circumstances delay loss orders access."
}
{
    "_id": "AAPL20230138",
    "title": "",
    "text": "Company maintains insurance coverage data security risks cover all losses claims."
}
{
    "_id": "AAPL20230140",
    "title": "",
    "text": "strategies acquisitions disrupt risks affect business reputation results financial condition."
}
{
    "_id": "AAPL20230141",
    "title": "",
    "text": "Company invested may new business strategies acquisitions. involve risks distraction liabilities expenses economic political legal regulatory challenges inadequate return capital impairment assets write-offs. Investment acquisition transactions risks regulatory approvals onerous conditions benefits. new ventures risky may successful. failure investment affect business reputation results financial condition."
}
{
    "_id": "AAPL20230142",
    "title": "",
    "text": "stores risks uncertainties."
}
{
    "_id": "AAPL20230143",
    "title": "",
    "text": "Company’s retail operations risks impact business results financial condition macroeconomic factors. factors include manage costs construction operation relationships partners retail inventory obtain renew leases locations reasonable cost."
}
{
    "_id": "AAPL20230145",
    "title": "",
    "text": "Company’s business financial condition legal investigations."
}
{
    "_id": "AAPL20230146",
    "title": "",
    "text": "Company subject to claims legal proceedings government investigations new matters may arise. agreements include indemnification provisions costs damages claim against indemnified third party. claims investigations alleged magnitude increased may."
}
{
    "_id": "AAPL20230147",
    "title": "",
    "text": "Company faced patent claims cellular products new claims arise frameworks. patent-holding companies assert patents seek royalties patent infringement intellectual property. infringement U. S. internationally. plaintiffs seek injunctions damages."
}
{
    "_id": "AAPL20230148",
    "title": "",
    "text": "defending litigation investigations expensive time-consuming disruptive operations. Company may enter agreements settle litigation. no assurance agreements litigation. agreements increase sales operating expenses require change business practices limit products services."
}
{
    "_id": "AAPL20230149",
    "title": "",
    "text": "Part I Item 3 Form 10-K Part II Item 8 Form 10-K Notes Financial Statements Note 12 Contingencies Supply “Contingencies management Company material loss loss contingencies claims."
}
{
    "_id": "AAPL20230150",
    "title": "",
    "text": "outcome government investigations uncertain. legal matters resolved against Company third party above expectations results financial condition. outcome in damages disgorgement revenue remedial corporate measures injunctive relief change business practices limit products services affect business reputation results financial condition."
}
{
    "_id": "AAPL20230151",
    "title": "",
    "text": "Company maintains insurance coverage claims cover all losses claims."
}
{
    "_id": "AAPL20230153",
    "title": "",
    "text": "Company subject laws exposes liabilities costs adverse effects."
}
{
    "_id": "AAPL20230154",
    "title": "",
    "text": "operations antitrust privacy consumer protection advertising sales billing e-commerce financial liability intellectual property digital machine learning internet media labor anticorruption import trade anti–money laundering foreign ownership tax safety waste recycling design climate change."
}
{
    "_id": "AAPL20230155",
    "title": "",
    "text": "Compliance with laws regulations onerous expensive. New laws affect business costs ability offer product service changes design demand changes supply chain. create uncertainty. risks costs increase products services into specialized applications health financial services. Company policies procedures ensure compliance laws no employees contractors agents violate laws. If laws could affect business reputation results financial condition. Regulatory changes actions announced with little advance notice not mitigate adverse impacts. subject to changing regulations export import products. programs policies procedures regulatory requirements no assurance violation. products could be banned delayed prohibited from importation affect business reputation financial condition."
}
{
    "_id": "AAPL20230156",
    "title": "",
    "text": "Expectations expose liabilities costs reputational harm adverse effects."
}
{
    "_id": "AAPL20230157",
    "title": "",
    "text": "governments regulators investors employees customers stakeholders on environmental governance climate change emissions human civil rights diversity equity inclusion. Company goals initiatives reports website press statements communications. involves risks uncertainties investments depends on third-party performance outside control. guarantee goals. stakeholders may disagree. failure achieve goals comply with laws regulations meet expectations standards legal proceedings affect business reputation results financial condition stock price."
}
{
    "_id": "AAPL20230158",
    "title": "",
    "text": "technology industry Company scrutiny regulation investigations legal actions penalties."
}
{
    "_id": "AAPL20230159",
    "title": "",
    "text": "Company changes App Store litigation competition market conditions legal regulatory requirements. expects business changes legislative initiatives EU Digital Markets Act by March 2024 similar laws other jurisdictions. Changes included alternative purchasing mechanisms. Future changes could affect access distribution outside alternative purchasing."
}
{
    "_id": "AAPL20230161",
    "title": "",
    "text": "Company subject to antitrust investigations in in legal proceedings claims business financial condition. subject of investigations in Europe App Store terms conditions. If adverse findings to fines required changes App Store business business financial condition. subject to litigation App Store resulted in changes business practices may."
}
{
    "_id": "AAPL20230162",
    "title": "",
    "text": "Company has commercial relationships with subject to investigations litigation affect commercial relationships business results financial condition. earns revenue from licensing search services subject to government investigations legal proceedings."
}
{
    "_id": "AAPL20230163",
    "title": "",
    "text": "no assurance Company’s business affected by investigations litigation changes laws future. Changes business practices legal proceedings impact reputation products privacy security experience harm loss competitive advantage poor market acceptance reduced demand lost sales."
}
{
    "_id": "AAPL20230164",
    "title": "",
    "text": ". laws rules policies obligations data protection."
}
{
    "_id": "AAPL20230165",
    "title": "",
    "text": "Company subject to federal state international laws collection use retention security transfer personal information. laws third-party transactions restrict transfers international subsidiaries. jurisdictions passed laws considering restrictions. laws inconsistent. Complying requirements costs business practices. Noncompliance penalties legal liability."
}
{
    "_id": "AAPL20230166",
    "title": "",
    "text": "Company use personal information privacy policy website press statements privacy notices. failure federal state international privacy data laws regulations inquiries against. penalties include audit legal liability."
}
{
    "_id": "AAPL20230167",
    "title": "",
    "text": "risks collection use retention security transfer personal information Company subject to obligations information sensitive health financial biometric data. privacy security breach notification requirements audit by authorities. If fails data handled not by law agreements subject to government investigations liable for investigatory expenses fees fines."
}
{
    "_id": "AAPL20230168",
    "title": "",
    "text": "Payment card data subject to requirements. cardholder information compromised Company liable for investigatory expenses fees fines if fails security standards. costs lose ability process affect business reputation financial condition."
}
{
    "_id": "AAPL20230171",
    "title": "",
    "text": "Company quarterly sales results."
}
{
    "_id": "AAPL20230172",
    "title": "",
    "text": "profit margins vary across products services geographic segments distribution channels. gross margins products services vary change over time. to volatility due to product pricing pressures increased competition demand compressed product life cycles supply shortages cost components product quality warranty costs shifts in mix products services geographic currency channel mix fluctuations foreign exchange rates inflation macroeconomic pressures introduction new products services higher cost. results financial condition."
}
{
    "_id": "AAPL20230173",
    "title": "",
    "text": "Company higher net sales first quarter due seasonal holiday demand. new product service introductions impact sales cost operating expenses. generates net sales single product decline impact quarterly sales. unexpected developments lower demand issues failures logistics manufacturing partners."
}
{
    "_id": "AAPL20230174",
    "title": "",
    "text": "Company’s financial performance. dollar local currencies."
}
{
    "_id": "AAPL20230175",
    "title": "",
    "text": "exposure foreign exchange rates non–U. S. sales cost operating expenses worldwide. margins products foreign components foreign exchange rate fluctuations."
}
{
    "_id": "AAPL20230176",
    "title": "",
    "text": "weakening foreign currencies U. S dollar affects. Company’s sales earnings leads raise international pricing demand products. not raise international pricing offset. strengthening affect. value gross margins sales."
}
{
    "_id": "AAPL20230177",
    "title": "",
    "text": "strengthening foreign currencies. dollar beneficial sales earnings reduce pricing incur losses instruments limiting benefit. strengthening increase cost product components margins."
}
{
    "_id": "AAPL20230178",
    "title": "",
    "text": "Company uses instruments foreign currency option contracts hedge foreign exchange rates. offset adverse financial effects movements exchange rates hedges."
}
{
    "_id": "AAPL20230179",
    "title": "",
    "text": "Company exposed credit risk."
}
{
    "_id": "AAPL20230180",
    "title": "",
    "text": "Company’s investments liquidity credit financial results market conditions political risk sovereign risk interest rate. value liquidity cash equivalents securities fluctuate. significant losses future fluctuations losses operations financial condition."
}
{
    "_id": "AAPL20230182",
    "title": "",
    "text": "Company exposed credit risk trade accounts prepayments supply agreements economic conditions."
}
{
    "_id": "AAPL20230183",
    "title": "",
    "text": "Company distributes products services through carriers wholesalers retailers resellers. sells small mid-sized businesses education enterprise government. majority receivables not covered by collateral bank support financing credit insurance carriers resellers. exposure credit collectibility risk higher international markets limited. unsecured vendor non receivables purchases outsourcing. prepayments long-term supply agreements. September 30, 2023 non-trade receivables prepayments concentrated vendors Asia. procedures credit risk no assurance limit credit risk avoid losses."
}
{
    "_id": "AAPL20230184",
    "title": "",
    "text": "Company subject tax rates. legislation tax liabilities."
}
{
    "_id": "AAPL20230185",
    "title": "",
    "text": "Company subject taxes U. S. foreign jurisdictions Ireland Singapore subsidiaries. economic conditions tax laws rates. Organisation Economic Co-operation Development tax rules global minimum tax standards. tax rates affected earnings deferred tax assets new taxes tax laws. application tax laws uncertain judgment interpretations."
}
{
    "_id": "AAPL20230186",
    "title": "",
    "text": "Company subject to examination tax returns by U. S. Internal Revenue Service tax authorities. assesses adverse outcome provision taxes. no assurance outcome. If tax rates increase taxes excess business results financial condition could affected."
}
{
    "_id": "AAPL20230188",
    "title": "",
    "text": "price stock volatility."
}
{
    "_id": "AAPL20230189",
    "title": "",
    "text": "Company’s stock experienced price volatility may continue future. technology industry stock market experienced extreme price volume fluctuations performance. Price volatility may cause average price exceed price. believes price reflect future growth profitability. cash dividend share repurchase program consummated. Future dividends subject Board Directors share repurchase program obligate acquire shares. If fails meet expectations future growth profitability price may decline investor confidence employee retention."
}
{
    "_id": "AAPL20230191",
    "title": "",
    "text": "."
}
{
    "_id": "AAPL20230193",
    "title": "",
    "text": "."
}
{
    "_id": "AAPL20230196",
    "title": "",
    "text": "headquarters Cupertino California. September 30, 2023 leased facilities land corporate R&D data centers retail U. outside. believes facilities equipment good suitable business."
}
{
    "_id": "AAPL20230199",
    "title": "",
    "text": "Epic Games. filed lawsuit. Northern District California Company alleging antitrust unfair competition law App Store. September 10, 2021 Court ruled favor nine. App Store Review Guidelines violate competition law issued injunction links. injunction applies. iOS iPadOS App Store. April 24, 2023. Court Appeals Ninth Circuit affirmed ruling. June 7, 2023 Company Epic filed petitions review. June 30, 2023 denied petitions. July 17, 2023 granted motion stay injunction appeal."
}
{
    "_id": "AAPL20230201",
    "title": "",
    "text": "Masimo Corporation Cercacor Laboratories. filed complaint. International Trade Commission infringement patents blood oxygen Apple Watch Series 6 7. sought permanent exclusion importation Apple Watch. October 26, 2023 ITC limited exclusion order importation Apple Series 9 Ultra 2. review December 25, 2023. appeal Order stay."
}
{
    "_id": "AAPL20230203",
    "title": "",
    "text": "Company subject to legal proceedings not resolved arisen business. settled matters fourth quarter 2023 financial operating results. outcome litigation uncertain. legal matters resolved above expectations financial condition operating results."
}
{
    "_id": "AAPL20230205",
    "title": "",
    "text": "."
}
{
    "_id": "AAPL20230207",
    "title": "",
    "text": "Equity Stockholder Purchases Securities"
}
{
    "_id": "AAPL20230208",
    "title": "",
    "text": "stock traded Nasdaq Market."
}
{
    "_id": "AAPL20230210",
    "title": "",
    "text": "October 23,763 shareholders."
}
{
    "_id": "AAPL20230221",
    "title": "",
    "text": "Share repurchase activity three months September 30 2023 millions thousands per-share Periods Shares Price Paid Per Share Plans Dollar Value Shares July 2, 2023 August 5, 2023 Open market purchases,864. August 6, September 2, 2023,299. September 3, to September 30, 2023,347. Total"
}
{
    "_id": "AAPL20230222",
    "title": "",
    "text": "September 30, 2023 Company authorized purchase $90 billion stock repurchase May 4, 2023 $15. 9 billion utilized. fourth quarter utilized $4. 6 billion repurchase authorized April 2022. obligate. repurchased market Exchange Act."
}
{
    "_id": "AAPL20230223",
    "title": "",
    "text": "August 2023 Company accelerated share repurchase agreements. two financial institutions deliver shares stock-front payments $5. 0 billion. delivered average repurchase price volume-weighted price stock first quarter 2024."
}
{
    "_id": "AAPL20230230",
    "title": "",
    "text": "five-year shareholder return dividend Company S&P 500 Index Dow Jones. Technology Supersector Index. assumes $100 invested stock S&P 500 Index. Index September 28, 2018. Past future. 2018 2019 2020 2021 2022 2023 Apple. S&P 500 Index Dow Jones. Supersector Index"
}
{
    "_id": "AAPL20230233",
    "title": "",
    "text": "Discussion Financial Operations"
}
{
    "_id": "AAPL20230234",
    "title": "",
    "text": "discussion financial statements Part II Item 8 Form 10-K. discusses 2023 2022. 2021 Discussion Analysis Financial Condition Results Part II Item 7 Annual Report Form 10-K year September 24, 2022."
}
{
    "_id": "AAPL20230236",
    "title": "",
    "text": "fiscal year 52 53-week ends last Saturday September. additional week first quarter five years 2023. 2023 53 weeks 2022 2021 52."
}
{
    "_id": "AAPL20230238",
    "title": "",
    "text": "sales $383. billion income $97."
}
{
    "_id": "AAPL20230239",
    "title": "",
    "text": "sales decreased 3% $11. billion 2023 2022. weakness foreign currencies. decrease lower Mac iPhone higher Services."
}
{
    "_id": "AAPL20230240",
    "title": "",
    "text": "Company announces software. announcements fiscal year 2023"
}
{
    "_id": "AAPL20230244",
    "title": "",
    "text": "Quarter 2023 Pro Apple TV 4K Pass."
}
{
    "_id": "AAPL20230247",
    "title": "",
    "text": "Quarter 2023 mini-generation HomePod."
}
{
    "_id": "AAPL20230251",
    "title": "",
    "text": "Quarter 2023 Air Mac Studio Pro Vision first spatial computer 2024 macOS tvOS 17 watchOS 10."
}
{
    "_id": "AAPL20230254",
    "title": "",
    "text": "Quarter 2023 15 Plus Max Watch 9 Ultra."
}
{
    "_id": "AAPL20230255",
    "title": "",
    "text": "repurchase $90 billion raised dividend. 24 share. repurchased $76. billion stock paid dividends $15. billion."
}
{
    "_id": "AAPL20230257",
    "title": "",
    "text": "Macroeconomic conditions inflation interest rates currency fluctuations results financial condition."
}
{
    "_id": "AAPL20230268",
    "title": "",
    "text": "table shows net sales 2023 2022 2021 sales segment Americas#162,560,658,306 Europe,294,118,307 China,559,200,366 Japan,257,977,482 Asia Pacific,375,356 Total net sales#383,285#394,328#365,817"
}
{
    "_id": "AAPL20230270",
    "title": "",
    "text": "Americas sales 4% $7. 1 billion 2023 iPhone Services."
}
{
    "_id": "AAPL20230272",
    "title": "",
    "text": "Europe sales decreased 1% $824 million 2023 2022. foreign currencies. decrease Mac Wearables Home Accessories iPhone Services."
}
{
    "_id": "AAPL20230274",
    "title": "",
    "text": "China sales decreased 2% $1. 6 billion 2023 2022. renminbi. decrease Mac iPhone."
}
{
    "_id": "AAPL20230276",
    "title": "",
    "text": "Japan sales 7% $1. 7 billion 2023. weakness yen. decrease iPhone Wearables Home Accessories Mac."
}
{
    "_id": "AAPL20230278",
    "title": "",
    "text": "Asia Pacific sales increased 1% $240 million 2023 2022. weakness foreign currencies. dollar. iPhone Services lower Mac iPad."
}
{
    "_id": "AAPL20230289",
    "title": "",
    "text": "table shows net sales category 2023 2022 2021 sales category iPhone,583,489 Mac,357,177,190 iPad,300,292 Wearables Home Accessories,241,367 Services (2),200,129,425 Total net sales#383,285,328#365,817"
}
{
    "_id": "AAPL20230290",
    "title": "",
    "text": "sales deferred software upgrade rights bundled sales price."
}
{
    "_id": "AAPL20230291",
    "title": "",
    "text": "sales deferred value bundled price products."
}
{
    "_id": "AAPL20230293",
    "title": "",
    "text": "decreased 2% $4. 9 billion 2023 2022 non-Pro."
}
{
    "_id": "AAPL20230295",
    "title": "",
    "text": "decreased 27% $10. billion 2023."
}
{
    "_id": "AAPL20230297",
    "title": "",
    "text": "iPad decreased 3% $1. billion 2023 mini Air 9th 10th."
}
{
    "_id": "AAPL20230299",
    "title": "",
    "text": "Wearables Accessories 3% $1. 4 billion 2023."
}
{
    "_id": "AAPL20230301",
    "title": "",
    "text": "sales increased 9% $7. billion 2023."
}
{
    "_id": "AAPL20230313",
    "title": "",
    "text": "Products Services margin percentage 2023 2022 2021 Products#108,803#114,728,126 Services,345 Total gross margin#169,148#170,782#152,836 percentage Products. Services. Total gross margin percentage."
}
{
    "_id": "AAPL20230315",
    "title": "",
    "text": "margin decreased 2023 foreign currencies. lower volume offset cost savings."
}
{
    "_id": "AAPL20230316",
    "title": "",
    "text": "margin increased 2023 savings different mix foreign currencies. decreased leverage."
}
{
    "_id": "AAPL20230318",
    "title": "",
    "text": "margin increased 2023 higher sales offset foreign currencies. higher costs."
}
{
    "_id": "AAPL20230319",
    "title": "",
    "text": "Services margin decreased 2023 higher costs foreign currencies. offset mix."
}
{
    "_id": "AAPL20230320",
    "title": "",
    "text": "future gross margins Part I Item 1A Form 10-K Factors. believes gross margins volatility pressure."
}
{
    "_id": "AAPL20230329",
    "title": "",
    "text": "expenses 2023 2022 2021 Research development#29,915#26,251#21,914 net sales Selling general administrative#24,932#25,094#21,973 net sales Total operating expenses#54,847#51,345,887 Percentage net sales"
}
{
    "_id": "AAPL20230331",
    "title": "",
    "text": "R&D expense 2023 headcount expenses."
}
{
    "_id": "AAPL20230333",
    "title": "",
    "text": "Selling 2023 2022."
}
{
    "_id": "AAPL20230340",
    "title": "",
    "text": "Provision income taxes effective federal 2023 2022 2021 Provision#16,741,300 Effective tax rate. Statutory income tax rate"
}
{
    "_id": "AAPL20230341",
    "title": "",
    "text": "tax rate 2023 2022 lower foreign earnings. federal R&D credit share-based compensation offset state taxes."
}
{
    "_id": "AAPL20230342",
    "title": "",
    "text": "tax rate 2023 lower 2022 foreign earnings. tax credit regulations. offset lower tax benefits share compensation."
}
{
    "_id": "AAPL20230344",
    "title": "",
    "text": "Company believes securities $148. 3 billion September 30, 2023 debt markets requirements capital return 12 months."
}
{
    "_id": "AAPL20230346",
    "title": "",
    "text": "cash requirements obligations"
}
{
    "_id": "AAPL20230347",
    "title": "",
    "text": "September 2023 notes $106. billion. billion payable 12 months. $41. billion $2. 9 billion 12."
}
{
    "_id": "AAPL20230348",
    "title": "",
    "text": "issues unsecured notes paper. 2023 $6. billion paper payable 12 months."
}
{
    "_id": "AAPL20230350",
    "title": "",
    "text": "Company. 30 2023 lease obligations $15. billion $2. billion payable 12 months."
}
{
    "_id": "AAPL20230352",
    "title": "",
    "text": "partners assembly. obtains components suppliers. September 30 2023 obligations $53. 1 billion $52. 9 billion payable 12 months. noncancelable."
}
{
    "_id": "AAPL20230354",
    "title": "",
    "text": "obligations supplier intellectual property distribution rights. September 30, 2023 $21. 9 billion $5. 6 billion payable 12 months."
}
{
    "_id": "AAPL20230356",
    "title": "",
    "text": "September 30 2023 repatriation tax. Cuts $22. billion $6. 5 billion 12."
}
{
    "_id": "AAPL20230359",
    "title": "",
    "text": "authorized share repurchase program. obligate. September 30 2023 quarterly cash dividend $0. 24 per share. increase Board Directors."
}
{
    "_id": "AAPL20230361",
    "title": "",
    "text": "financial statements. accounting principles financial condition results require judgments assumptions estimates amounts. Note 1 Accounting Consolidated Financial Statements Part II Item 8 Form 10-K describes policies methods statements. bases estimates historical experience assumptions judgments values assets liabilities."
}
{
    "_id": "AAPL20230363",
    "title": "",
    "text": "Company subject income taxes U. S. foreign jurisdictions. evaluation uncertain tax positions involves GAAP international tax laws international taxation rights. believes reserves reasonable assurance final outcome reserves. Reserves adjusted closing tax examination. Resolution uncertainties financial condition operating results."
}
{
    "_id": "AAPL20230365",
    "title": "",
    "text": "Company subject to legal proceedings claims outcomes uncertain. records liability probable loss amount estimable requires judgment. Resolution legal expectations financial condition operating results."
}
{
    "_id": "AAPL20230368",
    "title": "",
    "text": "Company exposed economic risk interest exchange. strategies impact financial statements."
}
{
    "_id": "AAPL20230370",
    "title": "",
    "text": "Company exposed. interest rates investment portfolio term debt. Increases interest value interest expense debt. risk use derivative instruments offset assets control duration debt."
}
{
    "_id": "AAPL20230374",
    "title": "",
    "text": "table impacts investment portfolio debt increase interest rates September 30 2023 24 2022 Interest Rate Sensitive Instrument Rate Increase Impact Investment portfolio fair value Term debt annual interest expense"
}
{
    "_id": "AAPL20230376",
    "title": "",
    "text": "exposure to foreign exchange rate risk receiver currencies. Changes exchange rates strengthening. affect net sales gross margins. affect assets liabilities. use derivative instruments offset exposures adjust local currency pricing. hedge foreign currency exposures accounting prohibitive cost."
}
{
    "_id": "AAPL20230377",
    "title": "",
    "text": "Company applied value-risk model foreign currency positions exchange rates. Monte Carlo simulation. maximum loss adverse rates. estimates 95% maximum one-day loss $669 million $1. 0 billion September 30, 2023 September 24, 2022. foreign currency exposures offset values."
}
{
    "_id": "AAPL20230385",
    "title": "",
    "text": "Consolidated Financial Statements Operations September 30 2023 24 2022 25 2021 Comprehensive Income 2022 2021 Balance Sheets September 30 2023 24 2022 Shareholders’ Equity 2023 2022 2021 Cash Flows 2021"
}
{
    "_id": "AAPL20230387",
    "title": "",
    "text": "Accounting Firm"
}
{
    "_id": "AAPL20230388",
    "title": "",
    "text": "financial statement schedules omitted required information not applicable consolidated financial statements notes."
}
{
    "_id": "AAPL20230390",
    "title": "",
    "text": "."
}
{
    "_id": "AAPL20230418",
    "title": "",
    "text": "millions shares thousands per-share 30 2023 24 2022 25 2021 sales Products,199,392 Services,200,129,425,285,328 Cost Products,282,471,266 Services,855,715,137,981 Gross margin,148,782,836 Operating expenses Research development,251 Selling administrative,094,973 operating expenses,345,887 income,301,437,949 taxes,736,103,207,300,995,803,680 Earnings per share.,744,231,215,963,701,272,547,325,819,864,919"
}
{
    "_id": "AAPL20230419",
    "title": "",
    "text": "Notes Statements."
}
{
    "_id": "AAPL20230421",
    "title": "",
    "text": "."
}
{
    "_id": "AAPL20230438",
    "title": "",
    "text": "ended 30 2023 24 2022 25 2021 Net income,995,803,680 income foreign currency translation(1,511) unrealized gains/losses derivative instruments fair value,212 income(1,074) unrealized gains/losses,394),138 debt securities fair value securities,104) Adjustment income(273) unrealized gains/losses securities(967) income(11,272) income,652,249"
}
{
    "_id": "AAPL20230439",
    "title": "",
    "text": "Notes Statements."
}
{
    "_id": "AAPL20230441",
    "title": "",
    "text": "."
}
{
    "_id": "AAPL20230479",
    "title": "",
    "text": "millions shares thousands par value 30 24 2022 assets Cash equivalents,965,646 securities,658 Accounts receivable,184 non-trade receivables,748 Inventories assets,405 Non assets securities,805 Property plant equipment,117,428,350,755 EQUITY Accounts payable,115,845 Deferred revenue Commercial paper Term debt,128 Non-current liabilities debt Commitments contingencies Shareholders’ equity Common stock paid capital.50,400,000 shares 15,550,061 15,943,425 issued,849 deficit loss,109 equity,672 liabilities equity,755"
}
{
    "_id": "AAPL20230480",
    "title": "",
    "text": "Notes Statements."
}
{
    "_id": "AAPL20230482",
    "title": "",
    "text": "."
}
{
    "_id": "AAPL20230506",
    "title": "",
    "text": "ended 30 2023 24 2022 25 2021 equity balances,672,090,339 stock capital balances,849,365,779 issued,346,175,105 withheld,971) Share compensation,138,280 Ending balances,812,849,365 earnings balances,966 Net income,995,803,680 Dividends equivalents declared stock withheld,151 repurchased,046),186)(85,502) balances income balances,109,272) balances,109 shareholders’ equity balances,146,672,090 Dividends equivalents."
}
{
    "_id": "AAPL20230507",
    "title": "",
    "text": "Notes Statements."
}
{
    "_id": "AAPL20230509",
    "title": "",
    "text": "."
}
{
    "_id": "AAPL20230549",
    "title": "",
    "text": "30 2023 24 2022 25 2021 Cash equivalents,977,789 Operating activities Net income,995,803,680 Adjustments Depreciation amortization,104,284 compensation expense,833,038,227) assets liabilities Accounts receivable(1,688) non receivables Inventories assets,684 Accounts payable,448,326 liabilities,110 Cash,543,151,038 Investing activities Purchases Proceeds maturities,686,023 sales,446,460 Payments property equipment,959),708 Cash investing activities,705 Financing activities Payments taxesequity,431,223)(6,556) dividends,025) Repurchases common stock(77,550)(89,402)(85,971) term debt,228,465,393 Repayments debt,151)(9,543)(8,750) commercial paper(3,978) financing(108,488),749)(93,353) cash equivalents,952),860),737,977 flow taxes,679,573,385 interest,803,687"
}
{
    "_id": "AAPL20230550",
    "title": "",
    "text": "Notes Statements."
}
{
    "_id": "AAPL20230552",
    "title": "",
    "text": "."
}
{
    "_id": "AAPL20230556",
    "title": "",
    "text": "consolidated financial statements include Apple. subsidiaries. preparation GAAP requires management estimates. prior amounts reclassified current presentation."
}
{
    "_id": "AAPL20230557",
    "title": "",
    "text": "fiscal year 52 or 53-week ends last Saturday September. additional week first fiscal quarter five six years first quarter 2023. 2023 53 weeks 2022 2021 52 weeks. references years refer years September."
}
{
    "_id": "AAPL20230559",
    "title": "",
    "text": "Company records taxes authorities."
}
{
    "_id": "AAPL20230561",
    "title": "",
    "text": "recognizes share compensation equity awards."
}
{
    "_id": "AAPL20230563",
    "title": "",
    "text": "liquid investments three months cash equivalents."
}
{
    "_id": "AAPL20230565",
    "title": "",
    "text": "cost securities identification."
}
{
    "_id": "AAPL20230567",
    "title": "",
    "text": "Inventories measured."
}
{
    "_id": "AAPL20230569",
    "title": "",
    "text": "Depreciation property recognized."
}
{
    "_id": "AAPL20230571",
    "title": "",
    "text": "presents assets liabilities Balance Sheets."
}
{
    "_id": "AAPL20230573",
    "title": "",
    "text": "Company records deferred tax minimum tax earnings."
}
{
    "_id": "AAPL20230575",
    "title": "",
    "text": "Company combines nonlease corporate data retail."
}
{
    "_id": "AAPL20230578",
    "title": "",
    "text": "Company recognizes revenue control products services transferred to customers. Control transferred right payment title risks rewards ownership transferred. Products sales control transfers when shipped. Services sales control delivered. Payment collected following transfer delivery."
}
{
    "_id": "AAPL20230579",
    "title": "",
    "text": "Company records sales returns price protection incentive programs."
}
{
    "_id": "AAPL20230580",
    "title": "",
    "text": "arrangements multiple performance obligations promises Company allocates revenue based stand-alone selling prices (“SSPs”). uses observable prices determine SSPs. SSPs established estimates selling prices. process estimating SSPs without observable prices considers factors prices market trends product-specific business objectives estimated cost."
}
{
    "_id": "AAPL20230581",
    "title": "",
    "text": "Company identified three obligations sale iPhone Mac iPad products. first sales price hardware software delivered. second receive-related services Maps. third future software upgrades. Company allocates revenue discounts obligations based on SSPs. prices for undelivered obligations revenue estimated SSPs. Revenue delivered hardware software recognized when control transferred to customer shipped. Revenue product-related services software upgrade rights deferred recognized estimated period."
}
{
    "_id": "AAPL20230582",
    "title": "",
    "text": "long-term service arrangements Company obligations. right bill undelivered services. unbilled consideration relates value undelivered. revenue disclose amounts undelivered."
}
{
    "_id": "AAPL20230583",
    "title": "",
    "text": "sale third-party products Company control before customer recognizes revenue gross amount billed. considers factors price inventory risk responsibility acceptability. third-party applications sold App Store Company control before transferring customer. accounts for third-party sales recognizing commission retains."
}
{
    "_id": "AAPL20230592",
    "title": "",
    "text": "sales products 2023 2022 2021 iPhone,583,489 Mac,357,177,190 iPad,300,292 Wearables Home Accessories,241,367 Services,200,129,425 sales,285,328"
}
{
    "_id": "AAPL20230593",
    "title": "",
    "text": "sales deferred software upgrade rights bundled sales price."
}
{
    "_id": "AAPL20230594",
    "title": "",
    "text": "sales deferred value bundled price products."
}
{
    "_id": "AAPL20230595",
    "title": "",
    "text": "sales $8. 2 billion 2023 September 24 2022 $7. 5 billion 25 2021 $6. 7 billion 26, 2020."
}
{
    "_id": "AAPL20230596",
    "title": "",
    "text": "proportion net sales consistent segment Note 13, 2023 2022 2021 except Greater China iPhone."
}
{
    "_id": "AAPL20230597",
    "title": "",
    "text": "2023 24 2022 deferred revenue $12. 1 billion $12. 4 billion. expects 67% year 25% 7% 1%."
}
{
    "_id": "AAPL20230608",
    "title": "",
    "text": "table basic diluted earnings share 2023 2022 2021 Net income,995,803,680 shares,744,231,215,963,701,272 dilutive awards,316,647 diluted shares,547,325,819,864,919 earnings share. Diluted."
}
{
    "_id": "AAPL20230609",
    "title": "",
    "text": "24 million units excluded earnings 2023 antidilutive."
}
{
    "_id": "AAPL20230649",
    "title": "",
    "text": "tables show cash equivalents marketable securities September 30 2023 24 2022 Cost Gains Losses Value Equivalents Securities-Current Securities Level 1: Money market funds Mutual funds equity securities Level 2. Treasury securities. agency securities.government securities(1,048),491,332,159 Certificates deposit,354 Commercial paper Corporate debt securities(5,956),890,627,243 Municipal securities Mortgage securities,365,735,636,292 Subtotal,125,162,544 Total,752,965,590,544 Cost Gains Losses Value Equivalents Securities Securities,546 Money market funds,929 Mutual funds Subtotal,203,929 Level 2. Treasury securities,134,091,980. securities,168 Non. securities,749,806 Certificates deposit deposits Commercial paper Corporate debt securities,148(7,707),450,023,427 Municipal securities Mortgage securities,553,960 Subtotal,312,171,431,805 Total,109,646,658,805"
}
{
    "_id": "AAPL20230650",
    "title": "",
    "text": "valuation techniques Level 2 financial instruments based market prices model-driven valuations inputs market data."
}
{
    "_id": "AAPL20230651",
    "title": "",
    "text": "2023 2022 securities $13. billion $12. 7 billion restricted State Aid Decision."
}
{
    "_id": "AAPL20230657",
    "title": "",
    "text": "table shows value non-current debt securities maturity September 30, 2023 Due 5 10 10,153 value,544"
}
{
    "_id": "AAPL20230658",
    "title": "",
    "text": "investments in debt securities available-for-sale. classifies current non-current maturity."
}
{
    "_id": "AAPL20230660",
    "title": "",
    "text": "Company use derivative instruments foreign exchange interest rate risk. not hedge accounting cost. no assurance hedges offset financial impact foreign exchange interest rates."
}
{
    "_id": "AAPL20230661",
    "title": "",
    "text": "Company classifies cash flows instruments items hedged operating activities."
}
{
    "_id": "AAPL20230663",
    "title": "",
    "text": "margins foreign exchange Company forwards options cash flow hedges. hedges foreign currency exposure purchases 12 months."
}
{
    "_id": "AAPL20230664",
    "title": "",
    "text": "foreign debt securities forwards cross-currency swaps instruments. cash flow fair value hedges. September 30, 2023 maximum hedging future cash transactions 19 years."
}
{
    "_id": "AAPL20230665",
    "title": "",
    "text": "Company use instruments hedges protect margins exchange offset currency gains losses assets liabilities non-functional currencies."
}
{
    "_id": "AAPL20230667",
    "title": "",
    "text": "debt securities interest swaps options instruments. cash flow fair value hedges."
}
{
    "_id": "AAPL20230674",
    "title": "",
    "text": "amounts derivative instruments September 30 2023 24 2022 accounting hedges Foreign exchange contracts,670 Interest rate contracts,375,125 not contracts,777,381"
}
{
    "_id": "AAPL20230683",
    "title": "",
    "text": "gross values derivative assets liabilities September 24, 2022 Hedges Derivative assets Foreign exchange contracts,317,136 Derivative liabilities (2) Foreign exchange contracts,205 Interest rate contracts,367"
}
{
    "_id": "AAPL20230684",
    "title": "",
    "text": "assets measured Level 2 inputs Consolidated Balance Sheet."
}
{
    "_id": "AAPL20230685",
    "title": "",
    "text": "liabilities measured Level 2 inputs Consolidated Balance Sheet."
}
{
    "_id": "AAPL20230686",
    "title": "",
    "text": "derivative assets represent credit exposure if counterparties. uses collateral security arrangements when values fluctuate thresholds. credit risk uses master netting arrangements transactions single net amount payable. September 24, 2022 potential effects set-off assets liabilities $7. 8 billion net derivative $412 million."
}
{
    "_id": "AAPL20230691",
    "title": "",
    "text": "amounts hedged items 30 2023 24 2022 ####2023 assets marketable securities,433,378 term debt,247,739)"
}
{
    "_id": "AAPL20230694",
    "title": "",
    "text": "24, 2022 customer 10% receivables. third-party carriers 41% 44% receivables September 30 2023 24 2022. requires third-party."
}
{
    "_id": "AAPL20230696",
    "title": "",
    "text": "Company has non-trade receivables from vendors sale. purchases from. reflect sale in net sales. recognizes gain cost sold. September 30, 2023 two vendors 10% non-trade receivables 48% 23%. September 24, 2022 two vendors 10% non-trade receivables 54% 13%."
}
{
    "_id": "AAPL20230706",
    "title": "",
    "text": "table property equipment depreciation 2023 24 2022 Land buildings,446,126 Machinery equipment software,314,060 Leasehold improvements,271 property equipment depreciation,884,340,715,117"
}
{
    "_id": "AAPL20230707",
    "title": "",
    "text": "property equipment $8. $9. 2023 2022 2021."
}
{
    "_id": "AAPL20230714",
    "title": "",
    "text": "tables show financial 30 2023 24 2022 Non-Current Assets Deferred tax,852,375 non-current assets,053,428"
}
{
    "_id": "AAPL20230719",
    "title": "",
    "text": "Income taxes,819 liabilities,010,293 liabilities,829,845"
}
{
    "_id": "AAPL20230724",
    "title": "",
    "text": "taxes,457,657 non-current liabilities,391,485,848,142"
}
{
    "_id": "AAPL20230731",
    "title": "",
    "text": "table shows income 2023 2022 2021 Interest dividend income,750 Interest expense(3,933),931)(2,645) Other income income"
}
{
    "_id": "AAPL20230749",
    "title": "",
    "text": "income taxes 2023 2022 2021 Federal Current,445,257 Deferred,265,176) Total State Current Deferred Total Foreign,424 Deferred,740 Total,419,072,164 income taxes#16,741,300"
}
{
    "_id": "AAPL20230750",
    "title": "",
    "text": "pretax earnings $72. $68. billion 2023 2022 2021."
}
{
    "_id": "AAPL20230761",
    "title": "",
    "text": "income taxes federal tax rate (21% 2023 2022 2021 expected tax,885,012,933 State taxes federal effect,151 Earnings foreign subsidiaries,366 Research development credit,153 Excess tax benefits equity awards,120,137) Foreign income deduction,372)(300) Provision income taxes,300 Effective tax rate."
}
{
    "_id": "AAPL20230784",
    "title": "",
    "text": "2023 24 2022 deferred tax liabilities Tax credit carryforwards,302 liabilities reserves research development Deferred revenue losses Lease liabilities deferred tax assets,743,206 Valuation allowance,374 tax,369,676 Right-of-use assets,179 Depreciation tax earnings Unrealized gains liabilities,118,251,537"
}
{
    "_id": "AAPL20230785",
    "title": "",
    "text": "September 30 2023 $5. billion Ireland $3. billion California&D indefinitely. valuation allowance temporary differences."
}
{
    "_id": "AAPL20230787",
    "title": "",
    "text": "September 30 2023 tax $19. 5 billion $9. billion tax. September 24 2022 $16. 8 billion $8. billion."
}
{
    "_id": "AAPL20230796",
    "title": "",
    "text": "change tax benefits interest penalties 2023 2022 2021,477 Increases tax positions year,044,284 Decreases(1,463)(1,982)(1,402) Increases current year Decreases settlements authorities(1,838) Decreases expiration statute limitations(929) Ending balances,454,477"
}
{
    "_id": "AAPL20230797",
    "title": "",
    "text": "Company subject taxation files returns. S. federal foreign jurisdictions. Tax years after 2017. 2014 subject. unrecognized tax benefits decrease 12 months $4. 5 billion."
}
{
    "_id": "AAPL20230800",
    "title": "",
    "text": "August 30, 2016, European Commission Ireland granted aid tax opinions 1991 2007 Irish Aid. ordered recover taxes June 2003 December 2014. changes 2015, eliminated tax. recovery €13. 1 billion plus interest €1. 2 billion. Company Ireland appealed. July 15, 2020 Court annulled. September 25, 2020 Commission appealed hearing May 23, 2023. decision 2024. Company U. foreign tax credit Irish income taxes."
}
{
    "_id": "AAPL20230801",
    "title": "",
    "text": "Company Irish Minister recovery taxes. September 30 2023 recovery €12. 7 billion excluding interest. funded escrow legal proceedings. Cash Equivalents Marketable Securities Note 4."
}
{
    "_id": "AAPL20230803",
    "title": "",
    "text": "Company equipment facilities corporate manufacturing retail. leases 10 years multiyear renewal options."
}
{
    "_id": "AAPL20230804",
    "title": "",
    "text": "lease fixed variable purchases assets. costs $2. $1. billion $1. 7 billion 2023 2022 2021. variable $13. $14. $12. billion 2023 2022 2021."
}
{
    "_id": "AAPL20230805",
    "title": "",
    "text": "Company made. 8 4 billion cash leases 2023 2022 2021. Noncash activities. 8. 3 billion 2023 2022 2021."
}
{
    "_id": "AAPL20230817",
    "title": "",
    "text": "table ROU assets lease liabilities financial 2023 24 2022 Lease-Related Assets Liabilities Right-of-use assets Operating leases non-current Finance leases plant equipment-use assets Lease liabilities Operating leases liabilities Finance leases lease liabilities,842"
}
{
    "_id": "AAPL20230829",
    "title": "",
    "text": "Lease liability maturities September 30 2023 Leases 2024 2025 2026 2027,351 2028 undiscounted liabilities,841,266 Imputed interest lease liabilities,842"
}
{
    "_id": "AAPL20230830",
    "title": "",
    "text": "-average lease term September 30 2023 2022 10. 6 years. 1 years. discount rate 3. 0% 2. 3%. discount rates based on estimates incremental borrowing rate discount rates."
}
{
    "_id": "AAPL20230831",
    "title": "",
    "text": "2023 $544 million future payments leases corporate retail. 2024 2026 terms 1 21 years."
}
{
    "_id": "AAPL20230842",
    "title": "",
    "text": "Company issues unsecured promissory notes commercial paper program. uses proceeds purposes dividends share repurchases. 2023 2022 $6. 0 billion $10. 0 billion commercial paper maturities less than nine months. weighted-average interest rate 5. 28% 2. 31%. cash flows issuance maturities 2023 2022 2021 Maturities 90 days or less Proceeds,264 greater than 90 days Proceeds Repayments"
}
{
    "_id": "AAPL20230857",
    "title": "",
    "text": "Company senior unsecured obligations interest payable arrears. debt September 30 2023 24 2022 Interest 2013 – 2022 Fixed-rate.%. 650% – 2062. 72%. 78% Third quarter 2023 Fixed-rate.%. 850% – 2053. 88% Total term debt,572 Unamortized premium issuance costs Hedge accounting value Total term,103 Current non"
}
{
    "_id": "AAPL20230858",
    "title": "",
    "text": "interest rate risk U. fixed-rate notes Company uses interest rate swaps convert floating. foreign exchange rate risk uses cross-currency swaps convert."
}
{
    "_id": "AAPL20230859",
    "title": "",
    "text": "interest rates amortization adjustments hedging. recognized. billion. 6 billion interest debt 2023 2022 2021."
}
{
    "_id": "AAPL20230867",
    "title": "",
    "text": "future payments Notes September 30 2023 2024 2025,775,265,786,800,003 debt,572"
}
{
    "_id": "AAPL20230868",
    "title": "",
    "text": "30 2023 24 2022 Notes $90. $98. billion."
}
{
    "_id": "AAPL20230871",
    "title": "",
    "text": "2023 Company repurchased 471 million shares $76. 6 billion excluding tax Inflation Reduction Act 2022. repurchase programs obligate. Exchange Act."
}
{
    "_id": "AAPL20230879",
    "title": "",
    "text": "table 2023 2022 2021,943,425,426,786,976,763 repurchased(471,419),589,340) issued withheld taxes,055,228,363 balances,550,061,943,425,426,786"
}
{
    "_id": "AAPL20230882",
    "title": "",
    "text": "Apple Inc. 2022 Employee Stock Plan equity grants RSUs stock grants performance-based awards stock options appreciation rights. RSUs vest over four years settled common stock. dividend equivalent rights same dividend value common. 1. 3 billion shares authorized March 4, 2022."
}
{
    "_id": "AAPL20230884",
    "title": "",
    "text": "Apple Inc. 2014 Employee Stock Plan equity grants employees executive officers. same equity terms 2022 Plan. cash bonus awards. quarter 2022 terminated authority awards."
}
{
    "_id": "AAPL20230900",
    "title": "",
    "text": "RSU activity 2023 2022 2021 RSUs millions Balance September 26, 2020,778. 58 RSUs granted. vested,766. canceled. Balance September 25 2021,427. granted. vested. canceled. Balance September 24 2022. 48 RSUs granted,768. 87 vested. 31 canceled. Balance September 30 2023,247."
}
{
    "_id": "AAPL20230901",
    "title": "",
    "text": "value vesting RSUs $15. 9 billion $18. 2 billion $19. billion 2023 2022 2021. majority net share settled withheld remitted. total shares withheld 37 million 41 million 53 million based price. payments $5. 6 billion $6. 4 billion $6. 8 billion 2023."
}
{
    "_id": "AAPL20230907",
    "title": "",
    "text": "table shows share-based compensation expense income tax benefit Statements Operations 2023 2022 2021 expense,833,038 tax benefit,056)"
}
{
    "_id": "AAPL20230908",
    "title": "",
    "text": "September 30 2023 compensation $18. billion 2. 5 years."
}
{
    "_id": "AAPL20230918",
    "title": "",
    "text": "Company off–balance commitments future purchase. supplier arrangements licensed intellectual property distribution rights. Future payments year September 30, 2023 2024,258 2025 2026 2027 2028,215,736"
}
{
    "_id": "AAPL20230920",
    "title": "",
    "text": "Company subject to legal proceedings claims business not fully resolved. outcome litigation uncertain. management possibility Company material loss greater loss contingencies claims."
}
{
    "_id": "AAPL20230921",
    "title": "",
    "text": "Concentrations Sources Supply"
}
{
    "_id": "AAPL20230922",
    "title": "",
    "text": "components essential available multiple certain obtained single limited. competes smartphones computers tablets wearables accessories. components subject shortage commodity pricing fluctuations."
}
{
    "_id": "AAPL20230923",
    "title": "",
    "text": "Company uses custom components competitors new products utilize one source. new technologies capacity constraints exist until suppliers’ yields manufacturing capacities increased. availability suppliers common instead customized."
}
{
    "_id": "AAPL20230924",
    "title": "",
    "text": "hardware partners India Japan South Korea Taiwan Vietnam."
}
{
    "_id": "AAPL20230927",
    "title": "",
    "text": "Company manages business. segments Americas Europe Greater China Japan Asia Pacific. Americas South America. Europe India Middle East Africa. Greater China Hong Kong Taiwan. Asia Pacific Australia Asian. hardware services managed separately location market dynamics."
}
{
    "_id": "AAPL20230928",
    "title": "",
    "text": "Company evaluates segments net sales operating income. sales segments location retail stores. Operating income net sales third parties cost operating expenses attributable. information maker excludes asset information."
}
{
    "_id": "AAPL20230945",
    "title": "",
    "text": "table 2023 2022 2021 Americas Net sales,658,306 Operating income,508,683,382 Europe Net sales,294,118,307 income,233 China sales,559,200,366 income,328,153 Japan sales,257,977,482 income,888,257,798 Asia Pacific Net sales,375,356 Operating income,066,569"
}
{
    "_id": "AAPL20230951",
    "title": "",
    "text": "operating income Statements 2023 2022 2021 operating income,888,895,006 Research development,251) corporate expenses,672,207),143 Total operating income,301,437,949"
}
{
    "_id": "AAPL20230952",
    "title": "",
    "text": "marketing share-based compensation nonrecurring charges costs."
}
{
    "_id": "AAPL20230966",
    "title": "",
    "text": "U. S. China 10% net sales 2023 2022 2021. sales-lived assets September 30 2023 24 2022 sales U. S.,573,859,803 China,366 countries,648 sales,285,328 Long-lived assets.,276,119 China,260 countries,738 long assets,715,117"
}
{
    "_id": "AAPL20230967",
    "title": "",
    "text": "Hong Kong."
}
{
    "_id": "AAPL20230970",
    "title": "",
    "text": "Shareholders Board Apple."
}
{
    "_id": "AAPL20230972",
    "title": "",
    "text": "audited balance sheets Apple Inc. September 30, 2023 24, 2022 statements operations income shareholders’ equity cash flows three years notes. statements present financial position Apple. September 30 2023 24 2022 results operations cash flows. accounting principles."
}
{
    "_id": "AAPL20230973",
    "title": "",
    "text": "audited Accounting Oversight Apple Inc. control financial reporting September 30, 2023 Internal Control Integrated Framework report November 2, 2023 unqualified opinion."
}
{
    "_id": "AAPL20230975",
    "title": "",
    "text": "financial statements Apple. management. opinion. audits. public accounting firm registered PCAOB independent Apple. federal securities laws. Securities Exchange Commission PCAOB."
}
{
    "_id": "AAPL20230976",
    "title": "",
    "text": "conducted audits standards PCAOB. standards require plan audit assurance financial statements free misstatement. audits included risks misstatement. procedures included examining evidence amounts disclosures statements. accounting principles estimates management overall presentation. audits provide reasonable basis for opinion."
}
{
    "_id": "AAPL20230978",
    "title": "",
    "text": "critical audit matter from current period audit of financial statements communicated to audit committee relates to accounts disclosures material to challenging complex judgments. communication alter our opinion on financial statements not separate opinion on."
}
{
    "_id": "AAPL20230980",
    "title": "",
    "text": "Note 7 financial Apple Inc. subject taxation files returns U. federal foreign jurisdictions. September 30, 2023 unrecognized tax benefits $19. 5 billion $9. 5 billion Apple. tax rate. uncertain tax positions Apple. uses judgment tax laws. tax tax laws legal rulings."
}
{
    "_id": "AAPL20230982",
    "title": "",
    "text": "Addressed Matter Audit tested controls uncertain tax positions assessment process benefit development disclosures. Apple. audit procedures included assumptions analysis. communications with taxing authorities merits. involved tax resources assessing technical merits Apple. tax positions knowledge tax laws experience. received external legal counsel confirmation letters discussed with advisors Apple. tax personnel. evaluated Apple. disclosure Note 7 financial statements."
}
{
    "_id": "AAPL20230984",
    "title": "",
    "text": ". auditor 2009."
}
{
    "_id": "AAPL20230989",
    "title": "",
    "text": "Shareholders Board Apple."
}
{
    "_id": "AAPL20230991",
    "title": "",
    "text": "audited Apple Inc. control financial reporting September 30, 2023 Internal Control Framework Sponsoring Organizations Treadway Commission. Apple. maintained control 2023."
}
{
    "_id": "AAPL20230992",
    "title": "",
    "text": "audited Public Company Accounting Oversight Board balance sheets Apple. September 30 2023 24 2022 statements income equity cash flows three report November 2 unqualified opinion."
}
{
    "_id": "AAPL20230994",
    "title": "",
    "text": "Apple Inc. management internal control financial reporting Annual Report. express opinion Apple. control audit. public accounting firm registered PCAOB independent Apple. U. federal securities laws rules U. Securities and Exchange Commission PCAOB."
}
{
    "_id": "AAPL20230995",
    "title": "",
    "text": "conducted audit PCAOB. standards require plan assurance internal control financial reporting."
}
{
    "_id": "AAPL20230996",
    "title": "",
    "text": "audit included understanding internal control financial reporting risk material weakness testing effectiveness procedures necessary. audit provides basis opinion."
}
{
    "_id": "AAPL20230998",
    "title": "",
    "text": "company’s internal control over financial reporting assurance reliability reporting preparation financial statements U. S. accounting principles. includes policies procedures maintenance records transactions dispositions assets assurance transactions recorded preparation financial statements. accounting principles receipts expenditures authorizations management directors prevention of unauthorized acquisition use disposition assets financial statements."
}
{
    "_id": "AAPL20230999",
    "title": "",
    "text": "limitations internal control financial reporting prevent misstatements. projections effectiveness future risk controls compliance policies deteriorate."
}
{
    "_id": "AAPL20231004",
    "title": "",
    "text": "Disagreements Financial Disclosure"
}
{
    "_id": "AAPL20231005",
    "title": "",
    "text": "."
}
{
    "_id": "AAPL20231008",
    "title": "",
    "text": "evaluation principal executive financial officer concluded disclosure controls procedures Rules 13a-15(e) 15d-15(e) Exchange Act effective September 30, 2023 assurance information reports recorded processed summarized reported SEC rules forms accumulated communicated to management timely decisions disclosure."
}
{
    "_id": "AAPL20231010",
    "title": "",
    "text": "internal control over financial reporting assurance reliability preparation statements GAAP. includes policies procedures"
}
{
    "_id": "AAPL20231011",
    "title": "",
    "text": "maintenance records reflect transactions dispositions Company’s assets"
}
{
    "_id": "AAPL20231012",
    "title": "",
    "text": ")provide assurance transactions recorded financial statements GAAP receipts expenditures authorizations management directors"
}
{
    "_id": "AAPL20231013",
    "title": "",
    "text": "assurance prevention unauthorized acquisition disposition assets financial statements."
}
{
    "_id": "AAPL20231014",
    "title": "",
    "text": "Management including Chief Executive Chief Financial Officer expect internal controls prevent all errors fraud. control system reasonable not absolute assurance objectives met. design reflect resource constraints benefits relative to costs. limitations control no evaluation absolute assurance all issues fraud detected. evaluation risk inadequate business conditions compliance deteriorate."
}
{
    "_id": "AAPL20231016",
    "title": "",
    "text": "management responsible internal control financial reporting Rule 13a-15(f) Exchange Act. Internal Control Integrated Framework Committee Sponsoring Organizations Treadway Commission. concluded control effective September 30, 2023 reliability preparation statements GAAP. Ernst & Young LLP issued audit report Part II Item 8 Form 10-K."
}
{
    "_id": "AAPL20231018",
    "title": "",
    "text": "no changes in control financial reporting fourth quarter 2023 identified evaluation Rules 13a-15 15d-15 Exchange Act affected."
}
{
    "_id": "AAPL20231022",
    "title": "",
    "text": "August 30, 2023 Deirdre O’Brien Senior Vice President Jeff Williams Chief Operating Officer trading plan Rule 10b5-1 Exchange Act. sale shares equity awards. excluding withheld income tax. October 15 2024. December 15, 2024 early termination."
}
{
    "_id": "AAPL20231024",
    "title": "",
    "text": "."
}
{
    "_id": "AAPL20231026",
    "title": "",
    "text": "information Item proxy statement filed SEC 120 days September 30 2023 2024 annual meeting Proxy incorporated reference."
}
{
    "_id": "AAPL20231028",
    "title": "",
    "text": "information 2024 Proxy Statement incorporated."
}
{
    "_id": "AAPL20231029",
    "title": "",
    "text": "Ownership Stockholder Matters"
}
{
    "_id": "AAPL20231030",
    "title": "",
    "text": "information 2024 Proxy Statement incorporated."
}
{
    "_id": "AAPL20231032",
    "title": "",
    "text": "information 2024 Proxy Statement incorporated."
}
{
    "_id": "AAPL20231034",
    "title": "",
    "text": "information 2024 Proxy Statement incorporated."
}
{
    "_id": "AAPL20231044",
    "title": "",
    "text": "Consolidated Financial Statements Operations September 30 2023 24 2022 25 2021 Comprehensive Income 2022 2021 Balance Sheets September 30 2023 24 2022 Shareholders’ Equity 2023 2022 2021 Cash Flows 2021"
}
{
    "_id": "AAPL20231046",
    "title": "",
    "text": "Accounting Firm"
}
{
    "_id": "AAPL20231048",
    "title": "",
    "text": "Young PCAOB."
}
{
    "_id": "AAPL20231063",
    "title": "",
    "text": "financial statement schedules omitted required information consolidated financial statements Form 10-K. Reference Exhibit Number Description Date. Articles Incorporation Registrant August 3, 2020. Restated Bylaws Registrant August 17, 2022. Securities Registrant. April 29, 2013, Registrant Bank New York Mellon Trust Company. Trustee. Certificate Registrant May 3 2013, global notes Floating Rate Notes 2018. 45%. 40% 2023. 85% 2043. Certificate May 6 2014, Floating Rate 2017 2019. 05%. 10%. 85% 2021. 45% 2024 4. 45% 2044. Certificate Registrant November 10, 2014, global notes.% 2022. 625% 2026.. Certificate Registrant February 9 2015, Floating Rate. 55%. 15% 2022. 50% 2025. 45% 2045. Certificate Registrant May 13, 2015, Floating Rate. 900%. 000%. 700% 2022. 200% 2025. 375% 2045. Certificate Registrant July 31, 2015, 3. 05% 2029. 60% 2042./31/15. Certificate Registrant September 17, 2015, global notes. 375% 2024 2. 000% 2027."
}
{
    "_id": "AAPL20231085",
    "title": "",
    "text": "Reference Exhibit Number Description Date. Certificate Registrant February 23, 2016, global Floating Rate Notes 2019 2021. 300% 2018. 700%. 250%. 850% 2023. 250% 2026. 500% 2036. 650% 2046. Officer’s Certificate Registrant March 24 2016. Certificate August 4 Floating Rate 2019. 100%. 550% 2021. 450% 2026. 850% 2046. Certificate February 9 2017 Floating Rate 2019 2020 2022. 550%. 900% 2020. 500% 2022. 000% 2024. 350% 2027. 250% 2047. Certificate Registrant May 11, 2017 Floating Rate 2020 2022. 800%. 300%.850% 2024. 200% 2027. Certificate May 24 2017 global notes. 875% 2025. 375% 2029. Certificate June 20 2017 global note 3. 000% 2027. August 18 2017 global. 513% 2024. Certificate September 12 2017 1. 500% 2019. 100% 2022. 900% 2027. 750% 2047. Certificate November 13, 2017 notes 1. 800% 2019 2. 000% 2020. 400% 2023. 750% 2025 3. 000% 2027. 750% 2047. November 5 2018 Registrant Bank New York Mellon Trust Company. Certificate September 11 2019 global notes. 700% 2022.2024. 050% 2026. 200% 2029. 950% 2049. Certificate Registrant November 15 2019 global notes. 000% 2025. 500% 2031. Certificate May 11 2020. 750% 2023. 125% 2025. 650% 2030. 650% 2050. Certificate August 20 2020. 550% 2025. 25% 2030. 400% 2050. 550% 2060. Certificate February 8 2021. 700% 2026. 200% 2028. 650% 2031. 375% 2041. 650% 2051. 800% 2061. Certificate Registrant August 5 2021. 400% 2028. 700% 2031. 700% 2051. 850% 2061.October 2021 Registrant Bank New York Mellon Trust Company. Trustee. Certificate Registrant August 8 2022 notes. 250% 2029. 950% 2052. 100% 2062."
}
{
    "_id": "AAPL20231117",
    "title": "",
    "text": "Reference Exhibit Date. Certificate Registrant May 10 2023 global notes. 421% 2026.% 2028. 150% 2030. 300% 2033. 850% 2053. Inc. Deferred Compensation Plan. Employee Stock Purchase Plan amended March 10 2015. Indemnification Agreement Registrant director executive officer./27/09. Non-Employee Director Stock Plan amended November 9 2021. 2014 Employee Stock Plan October 1 2017. Restricted Stock Unit Award Agreement September 26, 2017. Award Agreement February 13, 2018. Stock Award Agreement August 21, 2018. Performance Award Agreement August 21, 2018.#9/29/18. Restricted Stock Unit Award Agreement 2014 September 29, 2019. Performance Award Agreement September 29, 2019. Award August 18, 2020. Performance Award Agreement August 18 2020. CEO Restricted Stock Unit Award Agreement September 27, 2020./26/20. Performance Award September 27, 2020./26/20. Inc. 2022 Employee Stock Plan. Restricted Stock Unit Award Agreement March 4, 2022. Performance Award Agreement March 4 2022. Inc. Executive Cash Incentive Plan. CEO Restricted Stock Unit Award Agreement September 25, 2022./31/22. CEO Performance Award Agreement September 25, 2022.Registrant. Accounting Firm. Attorney Signatures Annual Report Form 10-K. Certification Chief Executive Officer. Financial Officer. 1350 Certifications Executive Financial Officer. XBRL consolidated financial statements Part II Item 8 Annual Report Form 10-K."
}
{
    "_id": "AAPL20231121",
    "title": "",
    "text": "Reference Exhibit Description XBRL Annual Report Form 10-K Exhibit 101 XBRL Document."
}
{
    "_id": "AAPL20231122",
    "title": "",
    "text": "management compensatory."
}
{
    "_id": "AAPL20231123",
    "title": "",
    "text": "."
}
{
    "_id": "AAPL20231124",
    "title": "",
    "text": "."
}
{
    "_id": "AAPL20231125",
    "title": "",
    "text": "instruments rights long debt securities omitted Item 601 Regulation S-K. SEC copies instruments."
}
{
    "_id": "AAPL20231127",
    "title": "",
    "text": "."
}
{
    "_id": "AAPL20231134",
    "title": "",
    "text": "Securities Exchange Act 1934 Registrant report. November 2 2023. Luca Maestri Vice President Chief Financial Officer"
}
{
    "_id": "AAPL20231136",
    "title": "",
    "text": "KNOW PERSONS PRESENTS each person signature below Timothy D. Cook Luca Maestri attorneys-in-fact power substitution sign amendments Annual Report Form 10-K file exhibits Securities Exchange Commission ratifying confirming attorneys do."
}
{
    "_id": "AAPL20231160",
    "title": "",
    "text": "Securities Exchange Act 1934 report signed Registrant dates Timothy D. Cook Executive Officer. Luca Maestri Vice President Chief Financial Officer Chris Kondo Director Corporate Accounting James A. Bell. Al Gore Alex Gorsky Andrea Jung Arthur D. Levinson Chair Board. Monica Lozano Ronald D. Sugar. Susan L. Wagner."
}
{
    "_id": "AAPL20231160",
    "title": "",
    "text": ""
}
{
    "_id": "AMZN20230003",
    "title": "",
    "text": "Annual Report Form 10-K documents statements expectations estimates projections. results outcomes differ. Item 1A Part I “Risk Factors. terms include. subsidiaries unless."
}
{
    "_id": "AMZN20230005",
    "title": "",
    "text": "customer-centric. principles obsession invention operational excellence long-term thinking. consumers sellers developers enterprises advertisers employees."
}
{
    "_id": "AMZN20230006",
    "title": "",
    "text": "organized operations North America International Amazon Web Services. net sales Item 8 Part II Statements Data Note 10."
}
{
    "_id": "AMZN20230008",
    "title": "",
    "text": "serve consumers online physical stores focus selection price convenience. stores products categories. access websites mobile apps Alexa streaming stores. manufacture sell devices Kindle Echo develop produce media content. low prices fast delivery functionality service. subscription services Amazon Prime fast free shipping movies series benefits."
}
{
    "_id": "AMZN20230009",
    "title": "",
    "text": "fulfill orders North International networks co digital delivery physical stores. operate service centers co-sourced. Item 2 Part I."
}
{
    "_id": "AMZN20230011",
    "title": "",
    "text": "programs sellers grow sell fulfill orders. not seller record. earn fixed fees percentage fees interest programs."
}
{
    "_id": "AMZN20230013",
    "title": "",
    "text": "serve developers enterprises start-ups institutions AWS-demand compute storage database analytics machine learning."
}
{
    "_id": "AMZN20230015",
    "title": "",
    "text": "programs authors publishers musicians filmmakers streamers developers."
}
{
    "_id": "AMZN20230018",
    "title": "",
    "text": "sellers vendors publishers authors sponsored ads."
}
{
    "_id": "AMZN20230020",
    "title": "",
    "text": "businesses encompass product types service offerings delivery channels. worldwide marketplace competitive face competitors. potential competitors include physical e-commerce omnichannel retailers publishers vendors distributors manufacturers producers publishers producers distributors digital interactive media web search engines comparison shopping websites social networks web portals e-commerce services omnichannel sales fulfillment logistics services information technology services consumer electronics devices grocery products advertising services. competitive factors retail include selection price convenience fast fulfillment. Additional competitive factors include quality speed reliability willingness change business practices. competitors have resources histories customers brand recognition control over. may secure better terms adopt aggressive pricing pursue restrictive distribution agreements direct lock customers terms devote resources to technology infrastructure fulfillment marketing.internet facilitates competitive entry shopping enhances new businesses. subject change models competitors. companies enter combinations alliances competitive positions."
}
{
    "_id": "AMZN20230022",
    "title": "",
    "text": "trademarks service marks copyrights patents domain names dress secrets technologies rely law trade-secret confidentiality license agreements. registered. domain names trademarks service marks copyrights. filed. patent applications proprietary technology."
}
{
    "_id": "AMZN20230024",
    "title": "",
    "text": "affected seasonality higher sales fourth quarter December."
}
{
    "_id": "AMZN20230026",
    "title": "",
    "text": "employees critical customer-centric company. December 2023 1,525,000 full part-time. independent contractors temporary. Competition intense scientists constrained labor markets competition."
}
{
    "_id": "AMZN20230028",
    "title": "",
    "text": "strive best employer focus investment innovation inclusion diversity safety engagement talent. rely initiatives competitive pay benefits flexible work skills training programs Amazon Career Choice Technical Academy. 175,000 employees participated Career Choice. refine mechanisms hire develop evaluate retain equity. safety integral safety improvements technology solutions. safety team science safety best practices. provide mentorship resources programs engagement communication feedback."
}
{
    "_id": "AMZN20230030",
    "title": "",
    "text": "investor website amazon. com encourage investors information. reports Securities Exchange Commission corporate governance Code Business Conduct press releases."
}
{
    "_id": "AMZN20230041",
    "title": "",
    "text": "tables Officers Directors January 24 2024 Jeffrey. Bezos Chair Andrew. Jassy Douglas. Herrington Brian. Olsavsky Vice Shelley. Reynolds President Adam. Selipsky David. Zapolsky Vice President"
}
{
    "_id": "AMZN20230042",
    "title": "",
    "text": ". Bezos. founded Amazon. 1994 Executive Chair July. 1994 Chief Officer 1996 2021 President 1994 1999 2000."
}
{
    "_id": "AMZN20230043",
    "title": "",
    "text": ". Jassy. President July 2021 CEO 2016 Senior Vice President April 2006."
}
{
    "_id": "AMZN20230044",
    "title": "",
    "text": ". Herrington. CEO Amazon Stores July 2022 Senior Vice President Consumer 2022 Consumables 2005 April."
}
{
    "_id": "AMZN20230045",
    "title": "",
    "text": ". Olsavsky. Senior Vice President Financial Officer Global Consumer Business 2011 Amazon April 2002."
}
{
    "_id": "AMZN20230046",
    "title": "",
    "text": ". Vice President Worldwide Controller Accounting."
}
{
    "_id": "AMZN20230047",
    "title": "",
    "text": ". Selipsky. CEO 2021 Senior Vice President President CEO Tableau Software 2016 Vice President Marketing Sales May 2005."
}
{
    "_id": "AMZN20230049",
    "title": "",
    "text": ". Zapolsky. Senior Vice President Public Policy General Counsel May 2023 Secretary September 2012. 2012 Counsel Litigation Regulatory April 2002 September 2012."
}
{
    "_id": "AMZN20230063",
    "title": "",
    "text": "Jeffrey. Bezos Chair. Jassy. Alexander IronNet. Cooper Goldman Sachs. Gorelick. Huttenlocher MIT. McGrath MTV Networks. Nooyi PepsiCo. Rubinstein Bridgewater Brad. Smith Marshall University. Stonesifer Martha’s Table Wendell. Weeks CEO Corning"
}
{
    "_id": "AMZN20230065",
    "title": "",
    "text": "consider discussion factors events uncertainties investment securities risky. events consequences business growth reputation prospects financial condition operating results cash flows liquidity stock price. factors identify all risks operations affected by factors uncertainties not known. Item 7 Part II Discussion Analysis Financial Condition Results Operations global economic geopolitical conditions unforeseen circumstances may amplify risks. risks impact customers third-party sellers."
}
{
    "_id": "AMZN20230068",
    "title": "",
    "text": "businesses evolving competitors cross-border industries omnichannel retail web digital content advertising grocery transportation logistics. potential competitors resources histories customers brand recognition-launched products regions. terms pricing technology infrastructure fulfillment marketing."
}
{
    "_id": "AMZN20230069",
    "title": "",
    "text": "Competition new business models well-funded competitors competitors established companies expand. new technologies search web services artificial machine learning digital content electronic devices increase competition. internet facilitates competitive entry comparison shopping new businesses compete. product service fail lose business increase spending lower prices reduce sales profits."
}
{
    "_id": "AMZN20230070",
    "title": "",
    "text": "Expansion Technologies Regions Risks"
}
{
    "_id": "AMZN20230072",
    "title": "",
    "text": "limited experience in newer market segments customers not adopt product service offerings. technology challenges claims if service disruptions delays setbacks quality issues. profitability benefits may not meet expectations recoup investments. Failure realize benefits new technologies could"
}
{
    "_id": "AMZN20230073",
    "title": "",
    "text": "investments written. sustainability initiatives unsuccessful realize benefits new technologies plan new strategies harm business reputation."
}
{
    "_id": "AMZN20230075",
    "title": "",
    "text": "international activities significant revenues profits plan expand. segments little experience first-to-market advantages. costly establish maintain operations promote brand. operations profitable."
}
{
    "_id": "AMZN20230092",
    "title": "",
    "text": "international sales operations economic political conditions regulation restrictive actions trade protection export duties restrictions import export nationalization restrictions foreign ownership sales distribution uncertainty liability laws precedent varying rules intellectual property licensing requirements repatriation investment foreign currency exchange restrictions fulfillment technology infrastructure payable receivable cycles negative impact cash flow privacy data use protection security localization network security consumer protection payments advertising restrictions pricing discounts use internet consumer spending fewer opportunities growth. credit card usage increased payment risk staffing foreign operations distance language cultural differences employee relationships works councils labor unions. Foreign Corrupt Practices Act. laws corrupt payments. trade foreign investment loans taxes events war terrorism."
}
{
    "_id": "AMZN20230093",
    "title": "",
    "text": "omnichannel retail grow competition evolving business models. Local companies advantage local customer brand names. inability hire train personnel limit international growth."
}
{
    "_id": "AMZN20230095",
    "title": "",
    "text": "People’s Republic China India regulate Amazon’s foreign investment internet IT infrastructure data centers retail delivery internet content sale media products. provide technology services China PRC licenses. India government restricts ownership Indian companies foreign online retail trading. provide marketing tools logistics services third sellers hold indirect minority interest in. amazon. marketplace. comply laws involve risks PRC India may consider changes"
}
{
    "_id": "AMZN20230096",
    "title": "",
    "text": "regulatory licensing requirements impact structures activities. uncertainties interpretation PRC Indian laws regulations possible governments contrary. Chinese Indian businesses operations access funding enforce contractual relationships. Violation PRC Indian laws regulations changes businesses fines penalties licenses revoked restructure operations shut down."
}
{
    "_id": "AMZN20230097",
    "title": "",
    "text": "China-based sellers services advertising revenues provide components goods trade restrictions data protection cybersecurity laws economic security issues affect results."
}
{
    "_id": "AMZN20230098",
    "title": "",
    "text": "Variability Strain Operations"
}
{
    "_id": "AMZN20230099",
    "title": "",
    "text": "Demand products services fluctuate seasonality promotions launches unforeseeable events economic conditions recessionary fears inflation disasters extreme weather geopolitical events. disproportionate retail sales fourth quarter. failure stock products affect revenue future growth. overstock inventory markdowns-offs commitment costs reduce profitability. increases net shipping cost upgrades split-shipments long-zone shipments delivery holiday season. customers access websites increased demand interruptions reduce volume attractiveness. staff fulfillment network customer service centers peak periods meet seasonal demand. Risks fulfillment network optimization inventory magnified high demand."
}
{
    "_id": "AMZN20230100",
    "title": "",
    "text": "holiday sales December 31 cash equivalents securities balances highest level consumers use credit cards receivables settle. increase accounts payable inventory purchases third-party sales. payable balance declines first three months vendors sellers paid cash securities balances."
}
{
    "_id": "AMZN20230102",
    "title": "",
    "text": "law liability online providers unsettled. governmental agencies require changes business. seller programs maintain policies prevent sellers collecting payments products different descriptions prevent selling unlawful counterfeit pirated goods violating proprietary rights policies. policies circumvented harm business damage reputation civil criminal liability. A-to-z Guarantee reimburse customers payments limits third-party seller sales grow cost increase affect operating results."
}
{
    "_id": "AMZN20230103",
    "title": "",
    "text": "Face Risks Protecting Intellectual Infringing Parties"
}
{
    "_id": "AMZN20230105",
    "title": "",
    "text": "trademarks service marks copyrights patents trade dress secrets proprietary technology property critical success rely patent law trade secret protection confidentiality license agreements. intellectual property protection. acquire domain names. regulations protect trademarks rights."
}
{
    "_id": "AMZN20230106",
    "title": "",
    "text": "prevent parties acquiring names trademarks proprietary rights."
}
{
    "_id": "AMZN20230107",
    "title": "",
    "text": "not always discover unauthorized use proprietary rights. Actions third parties diminish value. protection intellectual property requires financial managerial resources. steps always protect prevent. certain others develop acquire equivalent technology intellectual property rights."
}
{
    "_id": "AMZN20230108",
    "title": "",
    "text": "subject to expect continue claims legal proceedings infringement intellectual property rights third parties. claims result expenditure resources injunctions payments damages indemnification obligations obtain licenses third parties. licenses available. risks amplified increase third parties claims. use artificial claims infringement unauthorized third-party technology content."
}
{
    "_id": "AMZN20230109",
    "title": "",
    "text": "digital content depend on digital rights management technology. Breach claims content providers may include content."
}
{
    "_id": "AMZN20230111",
    "title": "",
    "text": "intercompany balances international stores exposed exchange rate fluctuations. results differ gains losses balances. expanded operations exposure exchange increased. hold cash equivalents securities foreign currencies British Pounds Canadian Dollars Euros Japanese Yen. Dollar strengthens balances less."
}
{
    "_id": "AMZN20230113",
    "title": "",
    "text": "Expansion Management Operational Financial Resources"
}
{
    "_id": "AMZN20230114",
    "title": "",
    "text": "global operations increasing product service infrastructure retail. complexity management personnel operations systems performance financial resources control reporting expansion increases. Failure growth reputation growth affect results."
}
{
    "_id": "AMZN20230115",
    "title": "",
    "text": "Results Growth Rate"
}
{
    "_id": "AMZN20230116",
    "title": "",
    "text": "growth. base expense investment plans sales estimates. portion expenses investments fixed adjust spending sales less."
}
{
    "_id": "AMZN20230117",
    "title": "",
    "text": "revenue growth percentage rates decrease. revenue profit depends on demand products affected by economic business geopolitical conditions. softening demand weakening. economies decreased revenue growth."
}
{
    "_id": "AMZN20230142",
    "title": "",
    "text": "sales results fluctuate retain increase sales attract satisfy demands expand network offer manage inventory fulfill orders competitive stores websites price decreases improvements internet e-commerce electronic devices web services outside U. S.•timing effectiveness costs expansion upgrades systems infrastructure success geographic service product line expansions terms current operations future growth outcomes legal proceedings claims damages relief operating results products services merchandise vendor returns fast free delivery prices additional benefits affecting reputation brand image inability achieve goals commitments sustainability perceptions social ethical issues artificial machine learning technology infrastructure fulfillment expense categories prices transportation resources water energy commodities technology infrastructure inflationary pressures •constrained labor markets payroll costs operators charge fees access online ability collect amounts owed technologies trends online advertising by spyware viruses phishing spam emails denial of service attacks data theft computer intrusions outages culture innovation customer obsession long-term thinking critical growth •disruptionsdisasters health crises extreme weather climate geopolitical security issues terrorist attacks armed hostilities political conflicts labor trade disputes governmental actions sellers negative impacts climate change increased operating costs investment low-carbon economy decreased demand compliance costs regulations requirements reputational damage environmental impact."
}
{
    "_id": "AMZN20230143",
    "title": "",
    "text": "Risks Network Data Centers"
}
{
    "_id": "AMZN20230145",
    "title": "",
    "text": "Failures predict demand spending optimize fulfillment network data centers result in excess capacity interruptions increased costs charges harm business. add capability businesses complex operating challenging. no assurance operate networks."
}
{
    "_id": "AMZN20230146",
    "title": "",
    "text": "failure inventory management staffing increases shipping cost distance units per. co-sourcers staff network service centers. productivity affected by regional labor market constraints increase payroll costs difficult hire train deploy."
}
{
    "_id": "AMZN20230147",
    "title": "",
    "text": "commercial agreements maintain inventory companies complexity tracking operating fulfillment network. failure predict seller demand storage handle inventory product demand storage optimize fulfillment network costs harm business reputation."
}
{
    "_id": "AMZN20230148",
    "title": "",
    "text": "rely on limited shipping companies inventory orders. inability negotiate terms performance problems staffing limitations difficulties impact operating results customer experience. receive inventory ship orders by disasters extreme weather climate geopolitical events security issues labor trade disputes."
}
{
    "_id": "AMZN20230149",
    "title": "",
    "text": "Data Loss Breaches"
}
{
    "_id": "AMZN20230150",
    "title": "",
    "text": "collect process store transmit large data confidential classified sensitive proprietary business personal failure prevent loss theft misuse unauthorized access security breaches vulnerabilities technology systems expose risk loss disclosure misuse affect operating results liability regulatory action deter harm business reputation. use third-party technology systems encryption authentication employee email content delivery back-office support functions. past security breaches no assurance future incidents. developed systems processes protect data prevent incidents reduce impact security breach absolute security may fail circumvented."
}
{
    "_id": "AMZN20230151",
    "title": "",
    "text": "Interruption Lack"
}
{
    "_id": "AMZN20230152",
    "title": "",
    "text": "experience system interruptions delays websites services unavailable prevent accepting fulfilling orders services reduce sales attractiveness. add software hardware upgrade systems improve stability efficiency avoid interruptions results."
}
{
    "_id": "AMZN20230153",
    "title": "",
    "text": "computer communications systems damaged due disasters extreme weather climate geopolitical events security issues terrorist attacks viruses break-ins operational failures energy. events cause interruption delays loss data prevent orders services attractive liability. systems not redundant disaster recovery planning sufficient. insurance coverage losses. events damage reputation expensive remedy."
}
{
    "_id": "AMZN20230154",
    "title": "",
    "text": "Loss Management Failure Hire Retain Affect Business"
}
{
    "_id": "AMZN20230156",
    "title": "",
    "text": "depend senior management key personnel including President CEO. “key life insurance. rely skilled personnel. Competition intense."
}
{
    "_id": "AMZN20230157",
    "title": "",
    "text": "competition technology industry software engineers computer scientists technical staff. changes work environments impact hire retain personnel. loss executive officers key employees failure roles inability hire train retain manage harm business."
}
{
    "_id": "AMZN20230158",
    "title": "",
    "text": "rely on personnel stores fulfillment network data centers. Failure hire train manage retain personnel operations payroll costs harm business reputation. changes laws payroll costs operational flexibility impact workforce."
}
{
    "_id": "AMZN20230159",
    "title": "",
    "text": "subject to labor union efforts. efforts decrease operational flexibility affect efficiency. response harm business reputation."
}
{
    "_id": "AMZN20230161",
    "title": "",
    "text": "significant suppliers content technology licensors limited single-sources important to sourcing services manufacturing. long-term arrangements guarantee availability merchandise components payment terms credit limits. Decisions suppliers limit selling delay delivery bankruptcies economic disasters events may procure alternatives. rely on limited suppliers for semiconductor products artificial intelligence infrastructure. Constraints availability affect develop intelligence technologies products services. violations laws regulations contractual terms intellectual property rights Supply Chain Standards unethical unsafe hazardous expose claims damage reputation limit growth affect operating results."
}
{
    "_id": "AMZN20230162",
    "title": "",
    "text": "Commercial Agreements Alliances Relationships"
}
{
    "_id": "AMZN20230163",
    "title": "",
    "text": "provide physical e-commerce omnichannel retail cloud through agreements strategic alliances relationships. agreements web services technology fulfillment computing digital storage enable offer stores. arrangements complex require infrastructure personnel resource commitments limit business. implement maintain develop web services fulfillment customer service inventory management tax collection payment processing hardware content third-party software third parties. compensation on other sales. compensation lower agreement. enter additional relationships alliances. claims unsuccessful."
}
{
    "_id": "AMZN20230164",
    "title": "",
    "text": "agreements terminate renew replace comparable. enter amendments less encounter difficulty obligations affect operating results."
}
{
    "_id": "AMZN20230170",
    "title": "",
    "text": "present future commercial agreements alliances business relationships create risks •disruption business loss management relationships revenue income terminating integrating."
}
{
    "_id": "AMZN20230171",
    "title": "",
    "text": "Business Maintaining Acquisitions Investments"
}
{
    "_id": "AMZN20230186",
    "title": "",
    "text": "acquired invested companies may future joint ventures companies.transactions involve risks •disruption business loss management focus retaining personnel operating losses expenses potential impairment assets goodwill impairment customer relationships difficulty completing transactions obtaining regulatory approvals closing conditions achieving benefits timeframes difficulty incorporating acquired operations technology rights unanticipated expenses difficulty integrating new accounting financial reporting management information security human resource administrative systems lack of control if integration delayed •losses declines value investment incorporating investee’s financial performance on investee’s accounting financial reporting systems controls processes difficulty implementing controls procedures policies larger public company risks businesses unknown liabilities foreign transactions additional risks integration operations across cultures languages economic political regulatory risks specific countries."
}
{
    "_id": "AMZN20230187",
    "title": "",
    "text": "future acquisitions mergers issue equity securities spend cash incur debt liabilities expenses intangible assets reduce profitability harm business unfavorable. valuations acquisitions change. impact financial results."
}
{
    "_id": "AMZN20230189",
    "title": "",
    "text": "risks Item 1A fulfillment network inventory optimization exposed inventory risks operating results seasonality new product launches cycles pricing defective merchandise demand spending tastes spoilage. predict trends avoid overstocking understocking. Demand sale. new product difficult establish vendor relationships product selection forecast demand. acquisition inventory components requires lead-time prepayment not returnable. carry broad selection inventory consumer electronics sell meet demand seasons. inventory risk factors affect operating results."
}
{
    "_id": "AMZN20230192",
    "title": "",
    "text": "accept payments credit debit accounts gift cards direct debit invoicing physical check"
}
{
    "_id": "AMZN20230193",
    "title": "",
    "text": "delivery. existing future payment options subject to additional regulations compliance requirements enhanced authentication costs ease use fraud. payment methods pay interchange fees increase raise costs lower profitability. rely on third parties Amazon-branded payment methods processing services credit electronic checks financing. disrupt business unwilling. offer co-branded credit card programs affect results. subject to payment card association rules data security certification electronic funds transfers change. Failure breach fraudulent activity costs fines transaction fees loss ability accept payments process electronic funds transfers online payments business operating results."
}
{
    "_id": "AMZN20230194",
    "title": "",
    "text": "provide regulated services jurisdictions keep balances transfer money payments. licensing regulatory inspection bonding capital maintenance transferred funds consumer disclosures data authentication. laws regulations payments money laundering international transfers privacy data use protection security localization network security consumer protection electronic fund transfers. penalties cease services."
}
{
    "_id": "AMZN20230195",
    "title": "",
    "text": "Evolving Business Stock Price"
}
{
    "_id": "AMZN20230205",
    "title": "",
    "text": "evolving business model. trading price common stock fluctuates Item 1A interest rates internet industry segments operating results stock market prices internet-related companies financial estimates future spending investment securities analysts capital structure issuance additional debt equity valuation e-commerce companies •transactions investors analyst reports news speculation."
}
{
    "_id": "AMZN20230206",
    "title": "",
    "text": "Volatility stock price business financing increase cash compensation larger stock awards hurt results reduce ownership."
}
{
    "_id": "AMZN20230208",
    "title": "",
    "text": "Evolving Harm Business"
}
{
    "_id": "AMZN20230210",
    "title": "",
    "text": "subject business internet e retail digital content services devices advertising artificial. taxation privacy protection localization consumer protection pricing content copyrights distribution transportation mobile communications waste energy consumption contracts competition employment trade protectionist measures web services online payment registration licensing reporting internet health safety sanitation standards characteristics legality quality labeling unmanned aircraft healthcare."
}
{
    "_id": "AMZN20230211",
    "title": "",
    "text": "laws governing property ownership libel privacy data use protection security localization network security consumer protection apply to operations internet e-commerce digital content web services electronic devices advertising artificial technologies. jurisdictions regulate operations scope evolving. subject to reviews investigations proceedings by regulatory authorities under laws regulations new approaches. face investigations operations infringe competition rules Amazon’s operation acquisitions AWS’s cloud services. dispute claims intend to defend. face investigations under laws regulations governing collection use disclosure data uncertainty privacy practices. regulators operations technology companies online new increases compliance costs limits operation business. Unfavorable regulations laws decisions interpretations could costs expose liability penalties diminish demand increase cost change practices damage reputation impede growth operations.media regulatory scrutiny risks."
}
{
    "_id": "AMZN20230212",
    "title": "",
    "text": "Claims Litigation Proceedings Affect Business"
}
{
    "_id": "AMZN20230213",
    "title": "",
    "text": "innovative company consumer business products services subject to claims litigation reviews investigations proceedings governments regulatory authorities patent intellectual property taxes labor employment competition antitrust privacy data use protection security localization network security consumer protection commercial disputes goods services artificial. proceedings increased businesses expanded products services operations complex. litigating price fixing monopolization consumer protection state attorneys general Federal Trade Commission. proceedings legal costs disruption diversion management resources negative publicity. outcomes unpredictable uncertainties. Determining legal reserves losses involves judgment not uncertainties. resolution exposed to losses recorded material. estimates business financial position results cash flows.possible resolution proceedings involve licenses sanctions consent decrees orders requiring future payments products services change business practices non-infringing altered products damaging reputation effect operations."
}
{
    "_id": "AMZN20230214",
    "title": "",
    "text": "Subject Product Liability Claims Harmed Sell"
}
{
    "_id": "AMZN20230216",
    "title": "",
    "text": "products expose liability food safety claims environmental property damage recalls. Third parties expose liability claims. A-to-z Guarantee reimburse customers product liability claims third sales grow cost affect operating results. maintain liability insurance coverage adequate for liabilities incurred reasonable terms. impose contractual terms sales products detect enforce collect damages"
}
{
    "_id": "AMZN20230217",
    "title": "",
    "text": "breaches agreements. agreements indemnify liability."
}
{
    "_id": "AMZN20230219",
    "title": "",
    "text": "subject taxes obligations U. S. foreign jurisdictions. additional tax expense liabilities changes laws regulations practices principles interpretations global tax framework competition accounting rules. economic political conditions. jurisdictions new tax measures-based taxes online commerce remote selling. obligations withhold sales taxes online marketplaces remote sellers. non-U. S. jurisdictions proposed taxes online advertising marketplace revenues. measures unless international tax reform. European Union countries global minimum taxes increase tax expense."
}
{
    "_id": "AMZN20230220",
    "title": "",
    "text": "operations cash flows affected by additional taxes penalties failure comply collection obligations provide information customers suppliers tax reporting. notice systems processes comply new reporting obligations effective date."
}
{
    "_id": "AMZN20230221",
    "title": "",
    "text": "tax expense liabilities affected by business operations acquisitions investments new businesses transactions foreign earnings losses tax benefits tax regimes foreign exchange rates stock price forecasts income loss jurisdictions tax assets liabilities valuation. tax determination uncertain. judgment evaluating tax expense assets liabilities."
}
{
    "_id": "AMZN20230222",
    "title": "",
    "text": "subject to tax controversies tax assessments against us. audit tax controversy operating results cash flows. complexity uncertainty tax laws judicial regulatory processes final outcome may expectations. Indian tax authority tax applies to cloud services fees Amazon U. S. contesting if resolved may pay additional taxes could increase. assess likelihood adverse outcome tax accruals. tax estimates reasonable final outcome different from historical tax accruals."
}
{
    "_id": "AMZN20230223",
    "title": "",
    "text": "Contracts Procurement Regulations"
}
{
    "_id": "AMZN20230224",
    "title": "",
    "text": "contracts with U. S. state foreign government entities subject procurement regulations requirements. audits investigations violations criminal penalties sanctions termination forfeiture profits fines suspension future business. contracts funding approval termination without cause."
}
{
    "_id": "AMZN20230226",
    "title": "",
    "text": "."
}
{
    "_id": "AMZN20230229",
    "title": "",
    "text": "processes assessing identifying managing risks unauthorized occurrences electronic systems confidentiality integrity availability. include"
}
{
    "_id": "AMZN20230230",
    "title": "",
    "text": "mechanisms controls technologies methods systems prevent loss theft misuse unauthorized access security incidents vulnerabilities. confidential proprietary business personal information collect. reduce impact security incident third-party vendor. risks cybersecurity third-party technology encryption authentication employee email content delivery back-office support."
}
{
    "_id": "AMZN20230231",
    "title": "",
    "text": "conduct security assessments vulnerability management penetration testing audits. maintain incident response plans. require data protection cybersecurity training annually."
}
{
    "_id": "AMZN20230232",
    "title": "",
    "text": "unified-coordinated team led by chief security officer cybersecurity data protection practices Amazon senior leadership teams. Reporting to experienced officers AWS supported by cybersecurity professionals. engage assessors consultants auditors third parties risks."
}
{
    "_id": "AMZN20230233",
    "title": "",
    "text": "cybersecurity risks mitigations evaluated senior leadership enterprise risk assessments reviewed Audit Committee Board Directors. Security Committee. Additional Item 1A Part I Factors Data Loss Security Breaches."
}
{
    "_id": "AMZN20230234",
    "title": "",
    "text": "Security Committee oversees policies cybersecurity infrastructure data protection security regulations risks. receives reports management Board annually. response cybersecurity incidents."
}
{
    "_id": "AMZN20230236",
    "title": "",
    "text": "chief security officer cybersecurity knowledge 15 years Amazon federal heads team cybersecurity data protection practices Amazon reports Chief Executive Officer."
}
{
    "_id": "AMZN20230246",
    "title": "",
    "text": "December 31, 2023 operated facilities Office space,655,222 America#1,802 stores#707 America Fulfillment data centers#25,630 America,765#14,802 Total,091#52,163"
}
{
    "_id": "AMZN20230248",
    "title": "",
    "text": "leased space excluding sub."
}
{
    "_id": "AMZN20230254",
    "title": "",
    "text": "600 28 stores December 31, 2023. North America,145,438 International,329,434,770,139"
}
{
    "_id": "AMZN20230256",
    "title": "",
    "text": "corporate. Shared facilities allocated. Item 8 Part II Statements Data Note 10 Segment Information."
}
{
    "_id": "AMZN20230257",
    "title": "",
    "text": "lease Puget Sound Arlington."
}
{
    "_id": "AMZN20230259",
    "title": "",
    "text": "8 Statements 7 Commitments Legal Proceedings."
}
{
    "_id": "AMZN20230262",
    "title": "",
    "text": "."
}
{
    "_id": "AMZN20230263",
    "title": "",
    "text": "Stock Purchases Equity Securities"
}
{
    "_id": "AMZN20230265",
    "title": "",
    "text": "common stock traded Nasdaq."
}
{
    "_id": "AMZN20230267",
    "title": "",
    "text": "January 24 2024 11,656 shareholders stock larger."
}
{
    "_id": "AMZN20230269",
    "title": "",
    "text": "."
}
{
    "_id": "AMZN20230271",
    "title": "",
    "text": "."
}
{
    "_id": "AMZN20230274",
    "title": "",
    "text": "Discussion Financial Operations"
}
{
    "_id": "AMZN20230276",
    "title": "",
    "text": "Annual Report Form 10-K includes forward-looking statements Private Securities Litigation Reform Act 1995. statements guidance future results forward-looking. reflect expectations uncertain. results outcomes differ foreign exchange rates global economic conditions demand inflation interest rates labor market constraints world events growth internet online commerce cloud services technologies Amazon. business products services net sales taxes competition management growth operating results international growth expansion claims government investigations fulfillment sortation delivery data center optimization risks inventory management variability demand commercial agreements acquisitions strategic transactions payments risks fulfillment throughput productivity. global economic geopolitical conditions circumstances risks. described Item 1A Part I “Risk Factors."
}
{
    "_id": "AMZN20230278",
    "title": "",
    "text": "primary revenue sale products services. products include merchandise resale third-party sellers manufacture electronic devices media content. revenue product service sales. increase sales product selection categories. offer services compute storage database fulfillment advertising publishing digital content subscriptions."
}
{
    "_id": "AMZN20230279",
    "title": "",
    "text": "focus growth free cash flows. driven increasing operating income managing accounts receivable inventory payable cash capital expenditures property equipment. income from sales operating costs offset strategic initiatives improving customer experience. sales experience lowering prices availability faster delivery selection original content categories information ease use reliability trust. Operations Non-GAAP Financial."
}
{
    "_id": "AMZN20230280",
    "title": "",
    "text": "reduce variable costs leverage fixed costs. include product content payment transportation customer service AWS marketing. fixed costs technology infrastructure online stores web services electronic devices digital offerings fulfillment network. Variable change sales volume fixed costs capacity geographic category expansion. decrease variable costs lower prices increase direct discounts reduce defects. improve process efficiencies lean culture."
}
{
    "_id": "AMZN20230282",
    "title": "",
    "text": "seek inventory collect consumers before payments due. consumers use credit cards receivables settle quickly. expect variability inventory turnover affected product mix sales in-stock inventory supply chain disruptions lead times investment new geographies product lines third-party fulfillment. expect variability accounts payable days affected"
}
{
    "_id": "AMZN20230283",
    "title": "",
    "text": "suppliers seasonality changes payment terms pricing timing."
}
{
    "_id": "AMZN20230284",
    "title": "",
    "text": "spending technology infrastructure computer scientists designers software engineers merchandising employees. technology support product service offerings geographic expansion cross-functionality. invest AWS product categories service customer experience process efficiencies. advances technology speed cost processing data storage analytics wireless connectivity artificial machine learning improve experience internet increase ubiquity. investing AWS on-demand services compute storage database analytics machine learning developers enterprises. investing software electronic devices satellite network broadband autonomous vehicles ride-hailing."
}
{
    "_id": "AMZN20230285",
    "title": "",
    "text": "manage shareholder dilution strategic acquisitions compensation. restricted stock units equity compensation. vested unvested stock awards forfeitures. shares 10. 6 billion 10. 8 billion December 31, 2022 2023."
}
{
    "_id": "AMZN20230286",
    "title": "",
    "text": "financial reporting currency U. S. Dollar foreign exchange rates affect results trends. Dollar weakens sales operating expenses higher. strengthens sales expenses lower. increasing diversification beyond U. economy international businesses benefits shareholders. evaluate operating results growth rates before currency changes."
}
{
    "_id": "AMZN20230287",
    "title": "",
    "text": "remeasurement intercompany balances gains losses foreign exchange rates. Currency volatilities results trends comparisons."
}
{
    "_id": "AMZN20230288",
    "title": "",
    "text": "8 Part II Statements Data Note 1 Business Accounting Policies Disclosures."
}
{
    "_id": "AMZN20230289",
    "title": "",
    "text": "Annual Report Form 10-K December 2022 financial condition results December 2021 Item 7 Part II Financial."
}
{
    "_id": "AMZN20230291",
    "title": "",
    "text": "financial statements accounting principles requires estimates assumptions assets liabilities revenues expenses contingent liabilities. Critical accounting estimates significant uncertainty financial condition. identified critical estimates. key accounting policies estimates judgments assumptions significant results. Item 8 Part II “Financial Statements Supplementary Data Note 1 Business Accounting Policies Supplemental Disclosures. estimates assumptions judgments based information. results differ assumptions."
}
{
    "_id": "AMZN20230294",
    "title": "",
    "text": "Inventories products accounted first-in first-out method valued lower cost net value. valuation judgments disposition sales returns"
}
{
    "_id": "AMZN20230295",
    "title": "",
    "text": "vendors liquidations recoverable values category. assumptions future uncertain write-downs. 1% additional inventory valuation December 31, 2023 additional cost $355 million."
}
{
    "_id": "AMZN20230296",
    "title": "",
    "text": "enter supplier commitments components products. based demand. reduce incur costs."
}
{
    "_id": "AMZN20230298",
    "title": "",
    "text": "subject to income taxes U. S. foreign jurisdictions. Tax laws regulations practices principles interpretations economic political conditions judgment evaluating provision accruals. transactions tax determination uncertain. earnings change economic conditions judgment deferred tax assets."
}
{
    "_id": "AMZN20230299",
    "title": "",
    "text": "tax rates affected by business operations acquisitions investments new businesses intercompany transactions foreign earnings losses tax benefits special tax regimes foreign exchange rates stock price forecasts income loss deferred tax assets liabilities valuation laws regulations administrative practices principles interpretations tax global tax framework competition accounting rules. countries pursuing changes tax laws corporate multinationals."
}
{
    "_id": "AMZN20230300",
    "title": "",
    "text": "subject to tax controversies in jurisdictions assess tax liabilities against. audit tax controversy operating results cash flows. assess likelihood adverse outcome tax accruals. tax estimates final outcome different from historical income tax provisions accruals."
}
{
    "_id": "AMZN20230308",
    "title": "",
    "text": "Cash flow Ended December 31, Cash Operating activities,752 Investing Financing activities"
}
{
    "_id": "AMZN20230309",
    "title": "",
    "text": "liquidity cash securities $70. billion $86. billion December 2022 2023. $18. 3 billion $23. 5 billion. Pounds Dollars Euros Rupees."
}
{
    "_id": "AMZN20230310",
    "title": "",
    "text": "Cash activities $46. 8 billion $84. 9 billion 2022 2023. cash flows customers advertisers offset payments products services employee compensation processing costs leases interest payments. corresponds net sales. increase cash flow 2023 due net income non expenses working capital. subject variables inventory terms foreign exchange rates."
}
{
    "_id": "AMZN20230312",
    "title": "",
    "text": "investing expenditures leasehold improvements incentives asset sales outlays"
}
{
    "_id": "AMZN20230313",
    "title": "",
    "text": "investments property purchases sales. $. billion $. billion 2022 2023 variability purchases sales. expenditures $58. 3 billion $48. billion technology infrastructure AWS growth capacity network 2024. payments $8. 3 billion $5. 8 billion 2022 2023. funded MGM Holdings. 1Life Healthcare. invested $1. 25 billion Anthropic convertible equity. agreement Q1 2024 $2. 75 billion convertible note."
}
{
    "_id": "AMZN20230314",
    "title": "",
    "text": "$9. 7 billion $. billion 2022 2023. inflows long-term $62. billion $18. billion. outflows repurchases common stock leases obligations $53. billion $34. billion. Property equipment $675 million $642 million."
}
{
    "_id": "AMZN20230315",
    "title": "",
    "text": "no borrowings unsecured commercial $682 million secured loan repaid December 31, 2023. Item 8 Part II Statements Data Note 6."
}
{
    "_id": "AMZN20230316",
    "title": "",
    "text": "December 31, 2023 cash equivalents securities foreign subsidiaries $4. 7 billion. invest earnings capital outside U. costs."
}
{
    "_id": "AMZN20230317",
    "title": "",
    "text": "U. taxable income reduced deductions capitalized research expenses. deductions property. 2023 2026. federal partial deduction 2021 full 2022 2023. January 1 2022 research development expenses capitalized amortized. delays deductibility. foreign taxes $6. billion $11. 2 billion 2022 2023."
}
{
    "_id": "AMZN20230318",
    "title": "",
    "text": "December 2022 2023 restricted cash equivalents marketable securities $365 million $503 million. Item 8 Part II Statements 6 Commitments commitments pledged assets. purchase obligations orders inventory capital operations due next twelve months. cancellable."
}
{
    "_id": "AMZN20230319",
    "title": "",
    "text": "cash flows securities borrowing arrangements needs twelve months. future cash uncertainty. Item 1A Part I Factors. evaluate sell equity obtain credit finance financing repurchase common stock pay dividends refinance restructure debt strengthen financial position."
}
{
    "_id": "AMZN20230321",
    "title": "",
    "text": "sale equity convertible debt securities dilutive shareholders. consider acquisition complementary businesses services affect liquidity secure financing issue equity debt securities. no credit lines financing instruments. economic conditions interest rates capital market volatility future borrowing costs."
}
{
    "_id": "AMZN20230323",
    "title": "",
    "text": "organized operations North America International AWS. Item 8 Part II Statements Data Note 10 Segment."
}
{
    "_id": "AMZN20230325",
    "title": "",
    "text": "Macroeconomic inflation interest rates capital market supply chain volatility developments. fuel utility food costs interest rates economic impact demand spending. macroeconomic environment cost optimization AWS revenue growth. operations Q1 2024."
}
{
    "_id": "AMZN20230349",
    "title": "",
    "text": "Net sales product service sales. shipping digital media content. Service third-party fees commissions fulfillment shipping fees AWS sales advertising Amazon Prime digital media content subscriptions. sales Ended December North America International,200,757 Consolidated,785 Year-over-year Percentage Growth North America International Year-over-year Percentage Growth North America International Net Sales Mix North America International Consolidated"
}
{
    "_id": "AMZN20230350",
    "title": "",
    "text": "Sales increased 12% 2023. foreign exchange rates reduced sales $71 million. rates."
}
{
    "_id": "AMZN20230351",
    "title": "",
    "text": "North America increased 12% 2023. third-party advertising subscription services. driven price selection convenience shipping offers."
}
{
    "_id": "AMZN20230353",
    "title": "",
    "text": "International sales increased 11% 2023. third-party advertising subscription services. driven price selection convenience shipping. exchange rates sales $88 million."
}
{
    "_id": "AMZN20230354",
    "title": "",
    "text": "AWS sales 13% 2023. usage offset pricing long contracts."
}
{
    "_id": "AMZN20230363",
    "title": "",
    "text": "Operating income segment Ended December 31, North America(2,847),877 International AWS Consolidated,248"
}
{
    "_id": "AMZN20230364",
    "title": "",
    "text": "income $12. 2 billion $36. 9 billion 2022 2023. profit services."
}
{
    "_id": "AMZN20230365",
    "title": "",
    "text": "North America income 2023 due increased unit advertising offset shipping fulfillment technology infrastructure."
}
{
    "_id": "AMZN20230366",
    "title": "",
    "text": "International loss 2023 due unit advertising offset fulfillment shipping technology infrastructure. foreign exchange rates loss $246 million."
}
{
    "_id": "AMZN20230368",
    "title": "",
    "text": "increase AWS income 2023 due increased sales payroll expenses technology infrastructure investments. foreign exchange rates income $220 million 2023."
}
{
    "_id": "AMZN20230394",
    "title": "",
    "text": "operating expenses Ended December Cost sales,739 Fulfillment,299,619 Technology infrastructure,213,622 Sales marketing,238,370 General administrative,891 expense Total#537,933 Year-over-year Percentage Growth Cost sales Fulfillment Technology infrastructure Sales marketing General administrative Other expense Percent Net Sales Cost. Fulfillment. Technology infrastructure. Sales marketing. General administrative. operating expense."
}
{
    "_id": "AMZN20230396",
    "title": "",
    "text": "Cost sales purchase price shipping costs sortation delivery centers digital media content costs video music."
}
{
    "_id": "AMZN20230397",
    "title": "",
    "text": "cost sales 2023 due product shipping costs offset transportation rates. foreign exchange rates reduced cost $254 million."
}
{
    "_id": "AMZN20230398",
    "title": "",
    "text": "Shipping costs $83. 5 billion $89. 5 billion 2022 2023. included inventory sales. expect cost increase offers expensive methods additional services. mitigate costs higher sales volumes optimizing fulfillment network better terms operating efficiencies. low prices fundamental success shipping offers."
}
{
    "_id": "AMZN20230399",
    "title": "",
    "text": "Costs operate AWS segment shared infrastructure internal external sales customers."
}
{
    "_id": "AMZN20230402",
    "title": "",
    "text": "Fulfillment costs operating North International fulfillment centers stores customer service centers payment processing. AWS payment processing costs AWS “Technology infrastructure. vary payment processing productivity accuracy volume size weight"
}
{
    "_id": "AMZN20230403",
    "title": "",
    "text": "third-party sellers Amazon timing fulfillment network store expansion fulfillment services mix products services sold affect customer service contacts improvements self-service. sales higher payment processing transaction costs based gross purchase price."
}
{
    "_id": "AMZN20230404",
    "title": "",
    "text": "fulfillment costs 2023 due sales investments offset efficiencies. foreign exchange rates costs $52 million."
}
{
    "_id": "AMZN20230405",
    "title": "",
    "text": "expand fulfillment network greater selection-stock inventory meet shipment volumes third parties. evaluate facility requirements."
}
{
    "_id": "AMZN20230407",
    "title": "",
    "text": "Technology infrastructure costs include payroll expenses research maintenance stores online infrastructure costs. Infrastructure costs servers networking equipment data center depreciation rent utilities expenses AWS Amazon businesses. reflect investments products services software devices satellite network broadband autonomous vehicles ride-hailing."
}
{
    "_id": "AMZN20230408",
    "title": "",
    "text": "invest technology infrastructure enhance customer experience process efficiency increasing scale. infrastructure support product service offerings geographic expansion cross-functionality. expect spending technology infrastructure increase employees infrastructure. costs allocated usage. increase technology infrastructure costs 2023 due spending infrastructure payroll costs technical teams expanding products new."
}
{
    "_id": "AMZN20230410",
    "title": "",
    "text": "Sales marketing costs include advertising payroll expenses sales commissions AWS. direct customers through marketing channels sponsored search social advertising referrals television advertising. costs variable based on growth sales rates. competition change costs."
}
{
    "_id": "AMZN20230411",
    "title": "",
    "text": "increase sales marketing costs 2023 due increased payroll expenses marketing."
}
{
    "_id": "AMZN20230412",
    "title": "",
    "text": "Amazon Prime shipping not included sales marketing marketing tools continue indefinitely."
}
{
    "_id": "AMZN20230414",
    "title": "",
    "text": "administrative costs. 8 billion 2022 2023 payroll expenses."
}
{
    "_id": "AMZN20230417",
    "title": "",
    "text": "operating expense $1. 3 billion $767 million 2022 2023 asset amortization intangible assets."
}
{
    "_id": "AMZN20230419",
    "title": "",
    "text": "interest income $989 million $2. 9 billion 2022 2023 prevailing rates. excess cash AAA funds debt securities. income funds currencies."
}
{
    "_id": "AMZN20230420",
    "title": "",
    "text": "Interest $2. $3. billion 2022 2023 leases. Item 8 Part II Statements Leases."
}
{
    "_id": "AMZN20230421",
    "title": "",
    "text": "long lease liabilities $73. $77. billion December 2022 2023.-term debt $67. $58. billion. 8 Part II Statements."
}
{
    "_id": "AMZN20230423",
    "title": "",
    "text": "$. billion $938 million 2022 2023. equity securities warrant foreign currency. equity securities valuation $(12. billion $797 million investment Rivian."
}
{
    "_id": "AMZN20230425",
    "title": "",
    "text": "tax rate variability pre-tax taxable income loss jurisdictions transactions special tax regimes investments tax controversies stock price deferred tax assets liabilities foreign currency gains statutes regulations law administrative practices principles tax framework competition accounting rules expenses losses. pre-tax income loss. impact discrete items non expenses pre-tax income lower. record valuation allowances deferred tax assets uncertainty income."
}
{
    "_id": "AMZN20230426",
    "title": "",
    "text": "provision taxes. billion 2022 2023. Item 8 Part II Statements 9 Income."
}
{
    "_id": "AMZN20230428",
    "title": "",
    "text": "Regulation G Conditions Non-GAAP Measures SEC regulations non-GAAP information. free cash foreign exchange rates-GAAP."
}
{
    "_id": "AMZN20230429",
    "title": "",
    "text": "provide free cash perspective acquiring property equipment cash leases obligations."
}
{
    "_id": "AMZN20230439",
    "title": "",
    "text": "Free cash flow reduced property equipment net sales incentives. reconciliation GAAP cash operating activities 2022 2023 Ended December Net cash operating activities,752 Purchases property net proceeds sales incentives(58,321 Free cash flow cash investing activities financing activities,718"
}
{
    "_id": "AMZN20230440",
    "title": "",
    "text": "Cash Leases Obligations"
}
{
    "_id": "AMZN20230451",
    "title": "",
    "text": "Free cash flow less repayments leases obligations reduced repayments. payments. reconciliation free cash flow less repayments GAAP cash cash operating activities 2022 2023 December Net cash activities,752 Purchases property equipment proceeds sales incentives(58,321 Free cash flow Principal repayments finance leases,384) repayments financing obligations Free cash flow less repayments,758),158 Net cash investing activities financing activities,718"
}
{
    "_id": "AMZN20230452",
    "title": "",
    "text": "Cash Equipment Leases Repayments Obligations"
}
{
    "_id": "AMZN20230464",
    "title": "",
    "text": "cash flow less equipment leases principal repayments reduced equipment leases equipment remeasurements modifications principal repayments lease liabilities. liabilities financing obligations property. equipment finance leases purchased cash not leased. reconciliation free cash flow less equipment leases principal repayments obligations GAAP cash flow cash operating activities 2022 2023 Net cash,752 Purchases property equipment proceeds sales incentives,321 Free cash flow Equipment finance leases Principal repayments finance leases Principal repayments financing obligations Free cash flow less equipment finance leases principal repayments obligations,786,549 Net cash activities"
}
{
    "_id": "AMZN20230466",
    "title": "",
    "text": "December 2022 2023 equipment leases remeasurements $675 million $642 million."
}
{
    "_id": "AMZN20230468",
    "title": "",
    "text": "2022 2023 repayments $7,941 million $4,384 million."
}
{
    "_id": "AMZN20230469",
    "title": "",
    "text": "free cash flows measures omit components cash represent residual cash flow discretionary expenditures. incorporate principal reductions debt cash payments business acquisitions. property equipment acquisitions change. view consolidated statements cash."
}
{
    "_id": "AMZN20230476",
    "title": "",
    "text": "effect foreign exchange rates U. Dollar net sales operating expenses income operating results. effect net sales expenses income changes foreign exchange rates. Dollar Ended December 31, Ended December 31, 2023 Net sales#513,983,495#529,478,785#574,856 Operating expenses,356,464 Operating income,248,387####36,852,392"
}
{
    "_id": "AMZN20230478",
    "title": "",
    "text": "change reported amounts foreign exchange rates operating results."
}
{
    "_id": "AMZN20230480",
    "title": "",
    "text": "outcome foreign exchange rates reported period same prior operating results."
}
{
    "_id": "AMZN20230482",
    "title": "",
    "text": "guidance February 1 2024 earnings release Form 8-K. Amazon. expectations uncertainty. results unpredictable affected foreign exchange rates demand spending inflation interest rates labor events growth internet online commerce cloud services technologies Item 1A Part I Factors."
}
{
    "_id": "AMZN20230487",
    "title": "",
    "text": "sales $138. $143. billion 8% 13% 2023. 40 points foreign exchange rates. income $8. $12. billion $4. billion 2023. billion lower depreciation expense January 1 2024. no restructurings legal settlements."
}
{
    "_id": "AMZN20230489",
    "title": "",
    "text": "exposed market risk interest rate foreign currency. disclosures Item 7 Part II Discussion Financial Condition Results Operations Liquidity Capital Resources."
}
{
    "_id": "AMZN20230491",
    "title": "",
    "text": "exposure to risk interest rates investment portfolio debt. long-term debt amortized cost impact financial statements. fair value long-term debt fixed rate with interest rates."
}
{
    "_id": "AMZN20230507",
    "title": "",
    "text": "invest excess cash in AAA-rated money market funds short intermediate-term marketable debt securities. fixed interest rates interest rates suffer losses interest. table cash equivalents debt securities cash flows maturity weighted-average interest rates as December 31, 2023 Fair Value December 31, 2023 Money market funds,160 Weighted average interest rate. Corporate debt securities,805 average interest rate. U. S. government agency securities Weighted average interest rate.89 Asset securities average interest rate. 34. 67. 66. 33. 51 Foreign government agency securities average interest rate. 28. Other debt securities average interest rate. 55. 78,144,123 Cash marketable debt securities,919"
}
{
    "_id": "AMZN20230509",
    "title": "",
    "text": "December 2023 long-term debt $67. 2 billion unsecured senior notes. 8 II Statements 6."
}
{
    "_id": "AMZN20230511",
    "title": "",
    "text": "2023 net sales International segment 23% revenues. sales expenses stores Canada Mexico denominated Euros British Pounds Japanese Yen. operations intercompany balances exposed foreign exchange rate fluctuations. consolidation rates net sales results differ gains losses intercompany balances. fluctuations exchange rates International segment net sales increased $88 million."
}
{
    "_id": "AMZN20230512",
    "title": "",
    "text": "exchange risk cash securities. $23. 5 billion 5% 10% 20% $1. 2 $2. 3 $4. 7 billion."
}
{
    "_id": "AMZN20230513",
    "title": "",
    "text": "foreign exchange risk intercompany balances. 2023 5% 10% 20% losses $320 million $640 million $1. 3 billion."
}
{
    "_id": "AMZN20230514",
    "title": "",
    "text": "Item 7 Part II Discussion Financial Condition Results Operations Foreign Exchange exchange rates."
}
{
    "_id": "AMZN20230517",
    "title": "",
    "text": "December 31, 2023 equity convertible debt $9. 6 billion. equity investments Rivian represent $5. 7 billion recorded subject market price volatility. adjust price changes. Valuations private complex market data. economic conditions uncertainty. market practicable. See Item 8 Part II Statements Supplementary Data Business Accounting Policies Supplemental."
}
{
    "_id": "AMZN20230526",
    "title": "",
    "text": "Report Ernst Young LLP Accounting Firm ID 42 Cash Flows Operations Income Balance Sheets Equity"
}
{
    "_id": "AMZN20230531",
    "title": "",
    "text": ". Inc"
}
{
    "_id": "AMZN20230533",
    "title": "",
    "text": "audited consolidated balance sheets Amazon. com. Company December 31, 2023 2022 statements operations income stockholders’ equity cash flows three years notes. statements present financial position December 31, 2023 2022 results operations cash flows U. accounting principles."
}
{
    "_id": "AMZN20230534",
    "title": "",
    "text": "audited Public Company Accounting Oversight Board control financial reporting December 31, 2023 Internal Control Framework report February 1 2024 unqualified opinion."
}
{
    "_id": "AMZN20230536",
    "title": "",
    "text": "consolidated financial statements responsibility management. opinion audits. public accounting firm registered PCAOB independent. federal securities laws Securities Exchange Commission PCAOB."
}
{
    "_id": "AMZN20230537",
    "title": "",
    "text": "conducted audits standards PCAOB. standards require plan audit assurance consolidated financial statements free misstatement fraud. audits included risks misstatement. procedures included examining evidence amounts disclosures. accounting principles estimates management overall presentation. audits provide reasonable basis for opinion."
}
{
    "_id": "AMZN20230540",
    "title": "",
    "text": "critical audit matter is from current period audit of consolidated financial statements communicated to audit committee relates to accounts disclosures material challenging complex judgments. communication alter our opinion on financial statements not providing separate opinion."
}
{
    "_id": "AMZN20230542",
    "title": "",
    "text": "Notes 1 9 Company subject to income taxes U. S. foreign jurisdictions tax positions tax determination uncertain. judgment evaluating tax positions provision taxes. uses judgment tax merits measuring tax benefit. December 31, 2023 reported liabilities $5. 2 billion tax contingencies. Auditing tax contingencies challenging auditor judgment. evaluation based tax laws legal rulings impacted regulatory changes judicial activity."
}
{
    "_id": "AMZN20230543",
    "title": "",
    "text": "Addressed Matter Audit tested controls over process merits tax contingencies tax position measurement benefit positions development disclosures. involved international tax transfer pricing research development tax professionals assessing merits tax positions. procedures included Company’s analysis correspondence tax evaluating facts tax positions. used knowledge international transfer pricing income tax laws evaluate accounting tax contingencies. evaluated developments regulatory environments effects positions decisions. analyzed assumptions accuracy calculations data tax benefits. evaluated income tax disclosures."
}
{
    "_id": "AMZN20230545",
    "title": "",
    "text": "served auditor."
}
{
    "_id": "AMZN20230549",
    "title": "",
    "text": "."
}
{
    "_id": "AMZN20230588",
    "title": "",
    "text": "December EQUIVALENTS RESTRICTED PERIOD,377,477,253 OPERATING Net income,364,722,425 Adjustments Depreciation amortization property lease assets,433,663 Stock compensation,757,023 Non expense,306),966 Deferred income taxes Changes assets liabilities Inventories,487 Accounts receivable assets,275) Accounts payable,945 Accrued expenses Unearned revenue Net cash,327,752 INVESTING Purchases property equipment,645,729) Proceeds,324 Acquisitions cash non investments,316) Salesmaturities,384,601 Purchases,157)(2,565)(1,488) cash investing FINANCING Common stock repurchased short-term debt,553,129 Repayments(7,753),677 long,003,166 Repayments(1,590)(1,258),676 repayments leases,163)(7,941),384 repayments financing obligations cash,291,718 currency(1,093) cash,900),776,637 CASH EQUIVALENTS PERIOD,477,253,890"
}
{
    "_id": "AMZN20230590",
    "title": "",
    "text": "consolidated."
}
{
    "_id": "AMZN20230591",
    "title": "",
    "text": "."
}
{
    "_id": "AMZN20230620",
    "title": "",
    "text": "Ended December product sales,787,901,887 service sales,898,785 Operating expenses Cost sales,831,739 Fulfillment,111,299,619 Technology infrastructure,052,213,622 Sales marketing,551,238,370 General administrative,891 operating expenses Operating income,879,248 Interest income,949 expense income,633 non income,272,184) taxes,151,557 Benefit taxes,217 Equity-method investment net tax Net income,364,425 earnings share. earnings share.Weighted shares earnings,117 Diluted,296,492"
}
{
    "_id": "AMZN20230622",
    "title": "",
    "text": "consolidated."
}
{
    "_id": "AMZN20230623",
    "title": "",
    "text": "."
}
{
    "_id": "AMZN20230637",
    "title": "",
    "text": "December Net income,364,722,425 income Foreign currency adjustments tax $47 $100 $(55) debt securities gains tax $72 $159 $(110) reclassification adjustment income tax $13 $0 $(15) change tax $0 $0 $(1) income,196),111,168(5,833)"
}
{
    "_id": "AMZN20230639",
    "title": "",
    "text": "consolidated."
}
{
    "_id": "AMZN20230640",
    "title": "",
    "text": "."
}
{
    "_id": "AMZN20230675",
    "title": "",
    "text": "31, Cash,888,387 securities,393 Inventories,318 Accounts receivable,253 assets,351 Property equipment,177 leases Goodwill,789 assets,675 LIABILITIES EQUITY Accounts payable,600,981 Accrued expenses,709 Unearned revenue,227 liabilities lease,297-term debt,314,451 Commitments contingencies equity Preferred stock. 500 no Common stock.100,000 shares 10,757 10,898 issued 10,242,383 outstanding Treasury stock capital,025 income earnings,618 equity liabilities equity,675"
}
{
    "_id": "AMZN20230677",
    "title": "",
    "text": "consolidated."
}
{
    "_id": "AMZN20230678",
    "title": "",
    "text": "."
}
{
    "_id": "AMZN20230696",
    "title": "",
    "text": "Stock Stock Paid Capital Income Earnings Stockholders’ Equity Balance January 1 2021,765,551 Net income,364 income,196) Stock compensation employee benefit plan,672 Balance December 31, 2021,175(1,837),437,245 Net loss,722 income,111 compensation employee benefit plan Common stock repurchased Balance December 31, 2022,066,193 Net income,425 comprehensive income (loss Stock-based compensationemployee benefit plan,960 Balance December 31, 2023,383(7,837),025,618"
}
{
    "_id": "AMZN20230698",
    "title": "",
    "text": "consolidated."
}
{
    "_id": "AMZN20230699",
    "title": "",
    "text": "."
}
{
    "_id": "AMZN20230703",
    "title": "",
    "text": "customer-centric company. consumers sellers developers enterprises creators advertisers employees. consumers online stores selection price convenience. sellers authors publishers musicians filmmakers Twitch streamers publish. developers enterprises AWS on-demand compute storage database machine learning. manufacture sell electronic devices. advertising sellers publishers authors sponsored ads display video advertising."
}
{
    "_id": "AMZN20230704",
    "title": "",
    "text": "organized operations North International AWS. 10."
}
{
    "_id": "AMZN20230706",
    "title": "",
    "text": "May 27, 2022 20-for-1 stock split increased authorized shares. information Annual Report Form 10-K adjusted split. shares par value $0. 01 per share. equal value increased shares reclassified stock."
}
{
    "_id": "AMZN20230708",
    "title": "",
    "text": "prior amounts reclassified current. reclassified receivable consolidated statements cash."
}
{
    "_id": "AMZN20230710",
    "title": "",
    "text": "consolidated financial statements Amazon. entities-owned subsidiaries variable interest primary beneficiary India health care seller lending financing. Intercompany balances transactions eliminated."
}
{
    "_id": "AMZN20230712",
    "title": "",
    "text": "financial statements GAAP estimates assumptions assets liabilities revenues expenses liabilities. Estimates income taxes lives commitments contingencies intangibles goodwill stock vendor funding inventory collectability receivables property equipment leases investments self-insurance liabilities capitalized video content. results differ. Q4 2023 study six years January 2024 2024 operating income $3. 1 billion. increased life four five January 2022."
}
{
    "_id": "AMZN20230714",
    "title": "",
    "text": "year December 31, 2022 recorded $1. 1 billion $720 million fourth quarter impairments property equipment leases stores. operating expense impacted North America. expenses $480 million terminating contracts leases purchase commitments impacted North America."
}
{
    "_id": "AMZN20230715",
    "title": "",
    "text": "December 31, 2022 recorded $720 million $640 million fourth quarter severance costs role eliminations. infrastructure impacted North America."
}
{
    "_id": "AMZN20230716",
    "title": "",
    "text": "impairment terminating contracts severance costs results 2021 2023."
}
{
    "_id": "AMZN20230730",
    "title": "",
    "text": "table shows supplemental cash flow Ended December CASH FLOW interest debt#1,098#2,608 operating leases,633,453 interest finance leases#521#374#308 interest financing obligations#207#196 income taxes refunds,688#6,035,179 Assets acquired leases,369,800,052 Property equipment finance leases remeasurements modifications#7,061#675#642 build-to-suit lease#5,846,187#357 leases operating,158,374"
}
{
    "_id": "AMZN20230732",
    "title": "",
    "text": "earnings share calculated shares. Diluted earnings calculated dilutive effect stock awards method. net loss stock awards excluded antidilutive."
}
{
    "_id": "AMZN20230738",
    "title": "",
    "text": "table diluted shares Ended Shares earnings share,117,189,304 dilutive effect stock awards diluted earnings,296,189,492"
}
{
    "_id": "AMZN20230740",
    "title": "",
    "text": "Revenue measured consideration reduced return discounts rebates. excludes third parties sales taxes. multiple performance obligations price allocated stand-alone selling price. determine charged expected cost margin."
}
{
    "_id": "AMZN20230741",
    "title": "",
    "text": "principal revenue activities"
}
{
    "_id": "AMZN20230742",
    "title": "",
    "text": "Retail sales offer consumer products online physical stores. Revenue control transferred customer delivery carrier."
}
{
    "_id": "AMZN20230744",
    "title": "",
    "text": "Third-party seller services offer programs sellers sell products fulfill orders. not seller record. commissions fulfillment shipping fees recognized services rendered delivery-party carrier customer."
}
{
    "_id": "AMZN20230745",
    "title": "",
    "text": "provide sellers vendors publishers authors sponsored ads display video advertising. Revenue clicks."
}
{
    "_id": "AMZN20230746",
    "title": "",
    "text": "services sales include fees Prime memberships access video audiobooks music e-books non-AWS services. memberships benefits obligation. paid services. Revenue recognized period."
}
{
    "_id": "AMZN20230747",
    "title": "",
    "text": "AWS arrangements global sales compute storage database services. Revenue allocated prices recognized when uses. services fixed quantity term revenue recognized. Sales commissions year capitalized amortized over contract term."
}
{
    "_id": "AMZN20230748",
    "title": "",
    "text": "revenue licensing health care shipping co-branded credit card agreements. Revenue licensed distributed services performed."
}
{
    "_id": "AMZN20230750",
    "title": "",
    "text": "Return allowances reduce revenue estimated. Liabilities $1. 3 billion. 4 billion December 2021 2022 2023. Additions $5. 5. 2 billion deductions $4. 9. 2. billion 2021 2022 2023. $882 million $948 million $992 million December 2021."
}
{
    "_id": "AMZN20230752",
    "title": "",
    "text": "Cost sales purchase price shipping costs sortation delivery digital media content costs video music. Shipping costs included inventory recognized cost sales. Payment processing transaction costs classified “Fulfillment” consolidated statements."
}
{
    "_id": "AMZN20230754",
    "title": "",
    "text": "agreements with vendors cooperative marketing promotions incentives volume rebates. amounts reduction prices for goods services cost inventory. Volume rebates depend on purchase thresholds. evaluate likelihood past experience forecasts. estimated record portion rebate threshold."
}
{
    "_id": "AMZN20230757",
    "title": "",
    "text": "Fulfillment costs operating North International fulfillment centers stores service centers facilities equipment expenses depreciation rent buying inspecting warehousing inventories packaging preparing orders payment processing inquiries supply chain management electronic devices. third parties."
}
{
    "_id": "AMZN20230759",
    "title": "",
    "text": "Technology infrastructure costs include payroll expenses research maintenance stores online infrastructure costs. costs servers networking equipment data center depreciation amortization rent utilities expenses AWS Amazon businesses. reflect investments products services software devices satellite network broadband autonomous vehicles ride-hailing. expensed as incurred."
}
{
    "_id": "AMZN20230761",
    "title": "",
    "text": "costs advertising payroll expenses commissions. pay commissions third parties referrals sales. participate cooperative advertising vendors."
}
{
    "_id": "AMZN20230762",
    "title": "",
    "text": "costs $16. $20. 6. 3 billion 2021 2022 2023."
}
{
    "_id": "AMZN20230764",
    "title": "",
    "text": "expenses corporate functions payroll facilities equipment rent professional fees."
}
{
    "_id": "AMZN20230766",
    "title": "",
    "text": "Compensation cost equity stock awards measured fair value grant recognized service period. value stock units determined shares granted quoted price common stock. recognized expense forfeitures accelerated method. 50% grant date fair value expense first year awards. complexity forfeitures. forfeited adjustment compensation expense greater. estimated stock awards judgment recorded cumulative adjustment. forfeitures forfeiture experience employee level. compensation appreciation rights settle cash. awards remeasured fair value until settlement expiration."
}
{
    "_id": "AMZN20230768",
    "title": "",
    "text": "operating expense amortization impairments store closures 2022 fulfillment 2023."
}
{
    "_id": "AMZN20230779",
    "title": "",
    "text": "income net Ended December 31, equity securities gains,870 Equity warrant gains,315,132 adjustments equity investments companies Foreign currency gains Other net(177) income,633"
}
{
    "_id": "AMZN20230780",
    "title": "",
    "text": "2022 2023 equity securities gain $(12. 7) billion $797 million investment Rivian Automotive. investment offering 2021 Class A. December 31, 2023 158 million shares stock 16% ownership 15% voting interest. influence Rivian equity investment electric vehicles intellectual property. fair value option equity investment fair value $2. 9 billion $3. 7 billion December 31, 2022 2023. sales restrictions discount marketability $800 million December 31, 2021 expired Q1 2022."
}
{
    "_id": "AMZN20230791",
    "title": "",
    "text": "Rivian SEC filings Ended 2021 2022 Months September 30 2023 Revenues,119 profit(1,424) Loss Net loss(4,688) 31, 2022 30 2023 assets,130,086,456 liabilities,424 liabilities,077"
}
{
    "_id": "AMZN20230793",
    "title": "",
    "text": "Income tax includes U. foreign taxes. foreign subsidiary earnings losses subject. taxation repatriation not. invest foreign subsidiary earnings capital outside. jurisdictions additional costs repatriation."
}
{
    "_id": "AMZN20230794",
    "title": "",
    "text": "Deferred income tax balances differences assets liabilities tax bases loss tax credit carryforwards stated tax rates."
}
{
    "_id": "AMZN20230795",
    "title": "",
    "text": "Deferred tax assets income taxes future. evaluated for realization reduced by valuation allowance. consider factors recent loss experience future earnings capital gains investment carry-forward periods factors."
}
{
    "_id": "AMZN20230797",
    "title": "",
    "text": "two-step approach recognizing uncertain income tax positions. first step tax position evidence sustained audit appeals. second step measure tax benefit largest amount 50% likely settlement. consider factors benefits require adjustments not forecast outcomes. include interest penalties expense."
}
{
    "_id": "AMZN20230799",
    "title": "",
    "text": "Fair value price sell asset transfer liability transaction market participants measurement date. hierarchy prioritizes valuation methodologies"
}
{
    "_id": "AMZN20230800",
    "title": "",
    "text": "Valuations assets liabilities markets."
}
{
    "_id": "AMZN20230801",
    "title": "",
    "text": "Level 2 Valuations observable inputs quoted prices Level 1 active markets active other inputs observable market data."
}
{
    "_id": "AMZN20230802",
    "title": "",
    "text": "Level 3 Valuations unobservable inputs assumptions. judgment."
}
{
    "_id": "AMZN20230803",
    "title": "",
    "text": "measure value funds equity securities prices active markets identical assets. securities valued recent trades inactive market prices data. hold Level 3 assets December 2022 2023."
}
{
    "_id": "AMZN20230804",
    "title": "",
    "text": "hold equity warrants acquire. December 2022 2023 $2. 1 billion $2. 2 billion balance gains losses income. Level 2 3 assets."
}
{
    "_id": "AMZN20230806",
    "title": "",
    "text": "liquid instruments three cash equivalents."
}
{
    "_id": "AMZN20230808",
    "title": "",
    "text": "Inventories first-in first-out valued cost realizable value. valuation disposition returns liquidations recoverable values. inventory valuation allowance $2. 8 billion $3. 0 billion December 31, 2022 2023."
}
{
    "_id": "AMZN20230809",
    "title": "",
    "text": "provide Fulfillment Amazon programs. Third-party sellers maintain ownership inventory products not included inventories."
}
{
    "_id": "AMZN20230810",
    "title": "",
    "text": "purchase components use contract manufacturers. manage supply enter agreements with manufacturers. non-cancellable purchase commitments. based on forecasted customer demand. reduce incur additional costs. firm commitments products Whole Foods Market stores."
}
{
    "_id": "AMZN20230812",
    "title": "",
    "text": "vendors sellers prepaid expenses assets. December 2023 customer $26. 6 billion $34. 1 billion vendor $6. 9 billion $8. 5 billion seller $1. 3. $3. 1. 3 billion. Seller program. Prepaid expenses assets $4. 5 billion $5. 4 billion."
}
{
    "_id": "AMZN20230814",
    "title": "",
    "text": "estimate losses receivables. impaired payments collected. allowance doubtful accounts $1. 1. 4. 7 billion December 2021 2022 2023. Additions. 6. 9 billion deductions. 1. 3. 6 billion 2021 2022 2023."
}
{
    "_id": "AMZN20230816",
    "title": "",
    "text": "incur software costs sold leased websites. capitalized significant years. costs design maintenance expensed incurred."
}
{
    "_id": "AMZN20230818",
    "title": "",
    "text": "Property equipment cost less depreciation amortization. Incentives from costs. Property includes buildings land acquired build-to-suit lease. Equipment includes servers networking heavy equipment equipment. Depreciation amortization recorded estimated lives 40 years four five servers networking equipment ten years heavy equipment three to ten years fulfillment equipment. Depreciation amortization classified operating expense statements operations."
}
{
    "_id": "AMZN20230820",
    "title": "",
    "text": "categorize leases twelve months operating or finance. Finance leases asset life. Assets recorded equipment. leases operating. one to ten years equipment twenty years property."
}
{
    "_id": "AMZN20230821",
    "title": "",
    "text": "lease contracts include services operations maintenance. leases property account services lease. leases separately allocate payments based estimated prices."
}
{
    "_id": "AMZN20230822",
    "title": "",
    "text": "Lease liabilities recognized present value payments reduced landlord incentives discount secured borrowings. assets recognized value reduced incentives costs. improvements capitalized cost amortized life lease term."
}
{
    "_id": "AMZN20230823",
    "title": "",
    "text": "option extend terminate before purchase leased asset classification measurement lease. leases include variable payments price indices market interest rates sales physical store expensed as incurred."
}
{
    "_id": "AMZN20230824",
    "title": "",
    "text": "Costs operating lease assets recognized operating expenses term lease. Finance lease assets amortized expenses estimated lives. interest finance lease included interest expense recognized method lease term."
}
{
    "_id": "AMZN20230825",
    "title": "",
    "text": "establish assets liabilities future costs long-lived assets lease. assets amortized expense liabilities accreted future."
}
{
    "_id": "AMZN20230827",
    "title": "",
    "text": "record assets liabilities construction costs build-to-suit lease control. after financing obligation lease. building depreciated life term obligation."
}
{
    "_id": "AMZN20230829",
    "title": "",
    "text": "building construction assets liabilities costs derecognized classify lease."
}
{
    "_id": "AMZN20230831",
    "title": "",
    "text": "evaluate goodwill indefinite assets impairment annually value. qualitative assessment fair value less carrying quantitative test. compare carrying value estimated fair value less recognize impairment loss. estimate fair value discounted cash flows. Forecasts future cash flows based net sales operating expenses category expansion pricing market segment share economic conditions."
}
{
    "_id": "AMZN20230832",
    "title": "",
    "text": "completed units assets April 1, 2023 no impairments. fair value exceeded carrying value. no events. 5 Acquisitions Goodwill Assets."
}
{
    "_id": "AMZN20230834",
    "title": "",
    "text": "video music deferred tax acquired intangible assets equity warrant investments satellite deposits affordable housing loans. recognize transactions governments assurance incentives cash tax credits conditions. incentives reductions cost assets expenses."
}
{
    "_id": "AMZN20230836",
    "title": "",
    "text": "obtain video music licensing agreements fixed variable payment schedules. license fee available recognize asset liability owed. reduce liability payments made amortize asset to usage straight-line. fee not no liability recorded licensing costs expensed incurred. develop original video content production costs capitalized amortized estimated viewing patterns. life capitalized video content 3. 5 years. review usage viewing patterns amortization reflect changes."
}
{
    "_id": "AMZN20230837",
    "title": "",
    "text": "licensed video content monetized film group Amazon Prime memberships. evaluated impairment. costs video music December 31, 2022 2023 $16. 7 billion $17. 4 billion. music $16. 6 billion $18. 9 billion 2023. licensing production digital subscriptions rented content."
}
{
    "_id": "AMZN20230839",
    "title": "",
    "text": "invest excess cash AAA funds marketable debt securities. included consolidated balance sheets."
}
{
    "_id": "AMZN20230840",
    "title": "",
    "text": "Marketable debt securities available-sale reported fair value unrealized gains losses income. declines value credit losses hold investment until recovery. credit losses recorded income statements."
}
{
    "_id": "AMZN20230842",
    "title": "",
    "text": "Convertible notes sale equity investments companies accounted cost equity investments equity accounting balance sheets."
}
{
    "_id": "AMZN20230843",
    "title": "",
    "text": "Q3 2023 invested $1. 25 billion Anthropic convertible equity. unrealized gains losses. Level 3 asset. agreement Q1 2024 $2. 75 billion second convertible note. AWS cloud services."
}
{
    "_id": "AMZN20230844",
    "title": "",
    "text": "Equity investments in companies accounted at cost adjustments prices impairments income statements. assessment. operating results sales/acquisitions data. If impaired write down to estimated fair value. December 31, 2022 2023 investments $715 million $754 million."
}
{
    "_id": "AMZN20230845",
    "title": "",
    "text": "Equity investments accounted fair value influence investee. earnings losses investees amortization gains losses impairments recognized-method investment activity net consolidated statements. evaluate declines fair value below write down investment estimated fair value."
}
{
    "_id": "AMZN20230846",
    "title": "",
    "text": "Equity investments values fair value option included balance sheets measured fair value changes income statements operations."
}
{
    "_id": "AMZN20230848",
    "title": "",
    "text": "Long-lived assets goodwill indefinite-lived reviewed for impairment carrying not recoverable. Conditions include significant decline in market value change in other adverse change carrying amount not recoverable."
}
{
    "_id": "AMZN20230849",
    "title": "",
    "text": "long-lived assets impairment losses recorded recoverable future cash flows. loss difference carrying amount estimated fair value. sale criteria available probable one year reporting. reported cost fair value less costs sell. Assets not significant December 31, 2022 2023."
}
{
    "_id": "AMZN20230851",
    "title": "",
    "text": "expenses leases tax current debt payroll unredeemed gift cards self customer marketing digital media operating expenses."
}
{
    "_id": "AMZN20230852",
    "title": "",
    "text": "December 2022 2023 payroll $7. billion unredeemed gift cards $5. 4 billion. 3 billion. reduce gift redeemed."
}
{
    "_id": "AMZN20230855",
    "title": "",
    "text": "maintain high-deductible third-party insurance self-insure workers’ compensation employee health care benefits general product liability automobile liability third-party transportation. estimate self-insurance liabilities experience frequency costs inflation actuarial assumptions. judgment settlement legal expenses results differ. 2022 increased reserves product automobile liabilities $1. 3 billion North America segment. Increases not material consolidated results December 2021"
}
{
    "_id": "AMZN20230856",
    "title": "",
    "text": ". self liabilities $4. $6. billion expenses consolidated balance sheets."
}
{
    "_id": "AMZN20230858",
    "title": "",
    "text": "Unearned revenue service obligations recognized. prepayments AWS Amazon Prime. unearned revenue December 2022 $16. 1 billion $12. 4 billion 2023 $20. 6 billion. long-term $2. 9 billion $5. 7 billion."
}
{
    "_id": "AMZN20230859",
    "title": "",
    "text": "performance obligations AWS future recognized statements. commitments $155. 7 billion December 31, 2023. long-term contracts 4. years. revenue recognition driven customer usage beyond term."
}
{
    "_id": "AMZN20230861",
    "title": "",
    "text": "long-term financing unearned revenue asset retirement tax digital video deferred tax."
}
{
    "_id": "AMZN20230863",
    "title": "",
    "text": "internationally-focused stores sales expenses denominated local currencies. subsidiaries same local. Assets liabilities translated into. Dollars-end rates revenues expenses translated average rates. Translation adjustments income equity. Transaction gains losses intercompany transactions “Other income consolidated statements. settlement gains $19 million $386 million $(329) million in 2021 2022 2023."
}
{
    "_id": "AMZN20230866",
    "title": "",
    "text": "December 2023 Financial Accounting Standards Board issued tax detailed tax rate reconciliation. effective December 15 2024 early adoption prospective retroactive. evaluating tax disclosures."
}
{
    "_id": "AMZN20230900",
    "title": "",
    "text": "December 2022 2023 cash equivalents marketable securities AAA money market funds. government securities investment equity securities. securities recorded fair value. table cash equivalents securities hierarchy 31, 2022 Losses Fair Value Level 1 securities Money market funds Equity securities Level 2 Foreign government agency securities.securities,146 Corporate Asset-backed securities debt securities,484,391 Restricted cash marketable securities cash equivalents securities 31, 2023 Unrealized Losses Cash,706 Level 1 securities Money market funds,160 Equity securities 2 Foreign. Corporate debt securities,805 Asset securities Other debt securities,971,283 Restricted cash equivalents marketable securities Total cash equivalents marketable securities,780"
}
{
    "_id": "AMZN20230902",
    "title": "",
    "text": "unrealized gain income $11.(13. $1. billion 2021 2022 2023."
}
{
    "_id": "AMZN20230903",
    "title": "",
    "text": "restrict cash equivalents debt securities collateral real estate sellers debt letters credit. cash debt securities restrictions less twelve months receivable twelve longer non-current. 7 Commitments Contingencies."
}
{
    "_id": "AMZN20230908",
    "title": "",
    "text": "table summarizes gains losses marketable debt securities Ended December gains losses"
}
{
    "_id": "AMZN20230915",
    "title": "",
    "text": "table summarizes maturities cash equivalents debt securities December 31, 2023 Cost Value year,224,159 five ten ten Total,265,919"
}
{
    "_id": "AMZN20230917",
    "title": "",
    "text": "differ borrowers prepayment conditions."
}
{
    "_id": "AMZN20230924",
    "title": "",
    "text": "table cash equivalents restricted cash consolidated balance sheets cash flows 31, 2022 31, 2023 Cash equivalents,888,387 Restricted cash accounts receivable assets Total cash equivalents restricted cash,253,890"
}
{
    "_id": "AMZN20230936",
    "title": "",
    "text": "Property equipment 31, property equipment Land buildings,650,293 Equipment,039 assets,116 Construction,840 property equipment,288 depreciation amortization,111 property equipment net,177"
}
{
    "_id": "AMZN20230938",
    "title": "",
    "text": "cost depreciation assets."
}
{
    "_id": "AMZN20230940",
    "title": "",
    "text": "Depreciation amortization $22. $24. $30. leases $9. $6. $5. 2021 2022 2023."
}
{
    "_id": "AMZN20230942",
    "title": "",
    "text": "entered leases network data center office facilities equipment aircraft vehicles. assets $68. billion $62. 5 billion December 2022. amortization $45. 2 billion $44. 7 billion December 2022."
}
{
    "_id": "AMZN20230952",
    "title": "",
    "text": "Lease cost December lease cost,199,847,550 Finance Amortization assets Interest lease liabilities Finance,330,203 Variable lease cost,165 Total lease cost,085,157"
}
{
    "_id": "AMZN20230958",
    "title": "",
    "text": "lease statements 31, 2022 2023 lease operating. 6 years. 3 years finance. 3 years. 9 years discount rate operating leases. finance."
}
{
    "_id": "AMZN20230974",
    "title": "",
    "text": "lease liabilities 31, 2022,273,292 Less imputed interest,233,236),040,783 current(7,458),397 long lease liabilities,386,968 31, 2023 lease liabilities,777,106 Less imputed interest(15,138)(1,997),135),639,109 current,419)(2,032),451) long lease liabilities,220,297"
}
{
    "_id": "AMZN20230977",
    "title": "",
    "text": "2021 acquired $496 million cash."
}
{
    "_id": "AMZN20230979",
    "title": "",
    "text": "MGM Holdings. $6. billion. assumed $2. 5 billion debt. $3. 4 billion video $4. 9 billion goodwill."
}
{
    "_id": "AMZN20230980",
    "title": "",
    "text": "2022 acquired companies $141 million cash."
}
{
    "_id": "AMZN20230982",
    "title": "",
    "text": "1Life Healthcare. $3. 5 billion health care. $1. 3 billion $2. 5 billion goodwill North America."
}
{
    "_id": "AMZN20230983",
    "title": "",
    "text": "2023 acquired immaterial price cash."
}
{
    "_id": "AMZN20230984",
    "title": "",
    "text": "results presented 2023 acquisitions not consolidated. Acquisition-related costs expensed not significant."
}
{
    "_id": "AMZN20230985",
    "title": "",
    "text": "August 2022 acquire iRobot 2023 $1. 7 billion debt. January 2024 terminate transaction."
}
{
    "_id": "AMZN20230995",
    "title": "",
    "text": "goodwill acquired companies related improvements technology functionality sales growth new customers intangible assets. goodwill not deductible tax. goodwill activity 2022 2023 America Goodwill January 1, 2022,758,327,371 New adjustments December 31, 2022,411,288 acquisitions,494,494 adjustments December 31, 2023,126,412,789"
}
{
    "_id": "AMZN20230998",
    "title": "",
    "text": "includes rates."
}
{
    "_id": "AMZN20231011",
    "title": "",
    "text": "Acquired intangible assets valued discounted cash flows. included consolidated balance sheets 31, Intangibles Gross Amortization Average Life Finite-lived intangible assets (2) Marketing-related,407(738). Contract-based,661(813),800,129,671. Technology- content-based. Customer-related. Total finite intangible assets,135,185)(2,395). IPR&D other (3) Total acquired intangibles,282,185)#6,097,082(2,395)#7,687"
}
{
    "_id": "AMZN20231013",
    "title": "",
    "text": "cost-amortized intangibles."
}
{
    "_id": "AMZN20231014",
    "title": "",
    "text": "-lived intangible assets video one twenty-five years amortized expenses."
}
{
    "_id": "AMZN20231015",
    "title": "",
    "text": "assets acquired in-process used research development indefinite-lived until completion. determine useful life amortizing assets."
}
{
    "_id": "AMZN20231025",
    "title": "",
    "text": "intangibles $512 $604 $706 million 2021 2022 2023. future December 2023 2024 2025 2026 2027 2028"
}
{
    "_id": "AMZN20231039",
    "title": "",
    "text": "December 31, 2023 $66. billion unsecured senior notes $682 million borrowings secured revolving credit. long-term debt obligations 31, 2022 2023 2014 $6. billion - 2044. 2017 $17. billion - 2057. 2020 $10. billion - 2060. 2021 $18. billion - 2061. 45%. 25%. 2022 $12. billion - 2062. 73%. 2022 $8. billion - 2032. 55%. 70%. 61%. 83% long-term debt Unamortized discount issuance costs"
}
{
    "_id": "AMZN20231041",
    "title": "",
    "text": "-average 2014, 2017 2020 2021 11. 14. 17. 13. 9 December 31, 2023. combined 12. 7."
}
{
    "_id": "AMZN20231042",
    "title": "",
    "text": "Interest Notes payable semi-annually. redeem prices. financial covenants. estimated value $61. 4 billion $60. 6 billion December 2022 2023 quoted prices."
}
{
    "_id": "AMZN20231043",
    "title": "",
    "text": "$1. 5 billion secured credit facility seller receivables. until August 2025 Financing Rate. 25% commitment fee. 45% undrawn portion. $1. billion $682 million borrowings December 31, 2022 2023 interest 5. 6% 6. 6%. pledged $1. 2 billion $806 million cash seller receivables collateral. estimated value Level 2."
}
{
    "_id": "AMZN20231052",
    "title": "",
    "text": "December 2023 payments long debt 2024,500 2025,286 2026,146 2027,250,250,182"
}
{
    "_id": "AMZN20231053",
    "title": "",
    "text": "January 2023 $8. billion unsecured 364-day loan maturing January 2024 Secured Overnight Financing Rate. 75%. short-term debt expenses. December 31, 2023 repaid."
}
{
    "_id": "AMZN20231055",
    "title": "",
    "text": "U. S. Dollar Euro commercial paper programs issue unsecured paper $20. billion €3. billion maturities days. $6. 8 billion"
}
{
    "_id": "AMZN20231056",
    "title": "",
    "text": "borrowings Commercial Paper Programs December 31, 2022 interest rate 4. 5%. no borrowings December 31, 2023. net proceeds corporate purposes."
}
{
    "_id": "AMZN20231057",
    "title": "",
    "text": "November 2023 entered $15. billion unsecured revolving credit facility lenders replaced March 2022. extends November 2028 terms approved. interest rate benchmark plus 0. 45% commitment fee 0. 03% undrawn portion. no borrowings outstanding December 31, 2022 2023."
}
{
    "_id": "AMZN20231058",
    "title": "",
    "text": "November 2023 entered $5. billion unsecured 364-day credit facility replaced November 2022. matures October 2024 364 days approved. interest rate Secured Overnight Financing Rate plus. 45% commitment fee. 03% undrawn portion. no borrowings December 31, 2022 2023."
}
{
    "_id": "AMZN20231060",
    "title": "",
    "text": "short-term credit. $1. 2 billion $147 million borrowings December 2022 2023 balance. $6 8 billion unused letters 2023."
}
{
    "_id": "AMZN20231073",
    "title": "",
    "text": "summarizes contractual commitments orders December 31, 2023 Ended December Long-term debt principal interest,616,175,404,643,176 lease liabilities,229,156,321,777 lease liabilities,292,369,123,106 Financing obligations,282,641 Leases commenced,979,181 Unconditional purchase obligations,432,484 Other commitments,273,390,125,121,348 Total commitments,345,863,398,266,409"
}
{
    "_id": "AMZN20231075",
    "title": "",
    "text": "-cancellable data center facilities. obligations $266 million $271 million expenses $6. 7 billion. billion long-term December 31, 2022 2023. term 17. interest rate 3. 1%."
}
{
    "_id": "AMZN20231076",
    "title": "",
    "text": "unconditional purchase obligations agreements digital media balance sheets products Whole Foods Market stores. variable estimate obligation minimum quantities pricing reporting date. Purchase obligations renewal content provider. Renewable energy agreements volume not included. renewable energy certificates no."
}
{
    "_id": "AMZN20231077",
    "title": "",
    "text": "retirement liabilities digital media agreements estimated rent tenant improvements build-to-suit lease construction. Excludes $5. 2 billion income tax contingencies."
}
{
    "_id": "AMZN20231079",
    "title": "",
    "text": "2023 no vendor 10% purchases. long-term contracts payment terms credit limits."
}
{
    "_id": "AMZN20231081",
    "title": "",
    "text": "disputing claims denials refunds credits monitoring claims non-income taxes sales value added consumption service jurisdictions. tax controversies include taxability services collection withholding transactions third parties compliance reporting obligations documentation requirements. complexity uncertainty judicial regulatory processes final outcome may different expectations."
}
{
    "_id": "AMZN20231083",
    "title": "",
    "text": "involved claims proceedings litigation"
}
{
    "_id": "AMZN20231085",
    "title": "",
    "text": "November 2015, Eolas Technologies. complaint Amazon. Court Eastern District Texas. suggestions results infringes. Patent. 9,195,507"
}
{
    "_id": "AMZN20231086",
    "title": "",
    "text": "Hypermedia Method Application Objects. complaint infringement costs attorneys’ fees. 2016, Eolas amended complaint damages. 2017 Amazon $130 million $250 million damages. April 2017 case transferred District Court Northern California. May 2022 judgment patent invalid. June 2022 Eolas appeal. February 2024 Appeals affirmed judgment. dispute."
}
{
    "_id": "AMZN20231087",
    "title": "",
    "text": "May 2018 Rensselaer Polytechnic Institute Dynamic Advances Amazon. Northern District New York. Software infringe. Patent. 7,177,798 Language Interface. seeks injunction enhanced royalty interest attorneys’ fees costs. March 2023 Amazon $140 million $267 million damages. dispute defend."
}
{
    "_id": "AMZN20231088",
    "title": "",
    "text": "2018 Kove IO. complaint Amazon Web Services. Northern Illinois. Amazon S3 DynamoDB infringe. Patent. 7,814,170 7,103,640 Distributed Tracking,233,978 Location. seeks enhanced fees costs interest injunctive relief. March 2022 case stayed Patent Trademark Office. November 2022 stay lifted. July 2023 Amazon Web $517 million $1. 03 billion damages. dispute."
}
{
    "_id": "AMZN20231089",
    "title": "",
    "text": "June 2019 Wilcosky. Amazon. Illinois. litigants filed. Hogan. Amazon. collection biometric Illinois Biometric Information Privacy Act. complaints residents biometric Amazon Photos Alexa AWS Ring Connect Flex driver app virtual try-on. complaints seek class actions damages injunctive relief attorneys’ fees costs interest. dispute defend."
}
{
    "_id": "AMZN20231090",
    "title": "",
    "text": "March 2020 Frame-Wilson v. Amazon. litigants. Canada price fixing Amazon. monopolization consumer protection unjust enrichment. Attorneys District Columbia California suits May 2021 September 2022 California. cases. complaints seek billions damages punitive damages injunctive relief civil penalties attorneys’ fees costs. Federal Trade Commission state Attorneys lawsuit September 2023. violations federal antitrust state consumer protection laws. Amazon monopoly online superstores anticompetitive practices pricing advertising. complaint seeks injunctive relief damages costs. motions dismiss granted denied Frame-Wilson March 2022 2023 De Coster v. Amazon. January 2023 California Attorney General’s lawsuit March 2023.courts dismissed pricing policies denied restraint trade. March 2022 DC Superior Court dismissed Attorney General’s lawsuit appeal. dispute defend."
}
{
    "_id": "AMZN20231092",
    "title": "",
    "text": "October 2020 Broadband iTV. complaint Amazon. District Court Western District Texas. Amazon Prime Video. Patent. 9,648,388 10,546,750 10,536,751-On System"
}
{
    "_id": "AMZN20231093",
    "title": "",
    "text": "10,028,026 On-Demand TV 9,973,825 Adjustment Program Guide Viewer Preferences Minimizing Navigation Selection. complaint unspecified damages. April 2022 Broadband iTV Amazon $166 million $986 million damages. September court summary judgment patents invalid. October 2022 appeal. dispute."
}
{
    "_id": "AMZN20231094",
    "title": "",
    "text": "July 2021 Luxembourg Commission Data Protection Amazon Europe. personal data EU Data Protection Regulation. fine €746 million practice revisions. decision merit defend."
}
{
    "_id": "AMZN20231095",
    "title": "",
    "text": "December 2021 Italian Competition Authority decision Amazon Services. Core EU Italia Services. Italia Logistica. marketplace logistics practices infringe EU competition rules. imposes remedial actions fine €1. 13 billion recover. decision merit defend."
}
{
    "_id": "AMZN20231096",
    "title": "",
    "text": "2022 Acceleration Bay complaint Amazon Web Services. Delaware. EC2 CloudFront Lambda Lumberyard Prime Video Twitch GameLift GridMate EKS App Mesh VPC. Patent. 6,701,344 Game,966 Delivery,147,634,910,069 Channel. seeks injunctive relief damages enhanced interest fees costs. dispute defend."
}
{
    "_id": "AMZN20231097",
    "title": "",
    "text": "November 2022 LightGuide. complaint Amazon. Eastern District Texas. Nike Intent Detection System infringes. Patent. 7,515,981 9,658,614 10,528,036. seeks damages enhanced attorneys’ fees costs interest injunctive relief. dispute defend."
}
{
    "_id": "AMZN20231098",
    "title": "",
    "text": "May 2023 Dialect filed complaint Amazon. Web Services. District Court Eastern District Virginia. Alexa products Echo tablets Alexa infringe. Patent Nos. 7,693,720 9,031,845,006 8,140,327 Filtering Eliminating Noise 8,195,468 9,495,957 Language-Machine 9,263,039. complaint seeks damages enhanced damages attorneys’ fees costs interest injunctive relief. November 2023 court granted motion dismiss complaint dismissed patent. dispute allegations defend."
}
{
    "_id": "AMZN20231099",
    "title": "",
    "text": "October 2023 Nokia Technologies filed complaints Amazon. Germany Brazil Unified Patent Court International Trade Commission. complaints Amazon Prime Video infringe patents Freevee Twitch Amazon voice assistants. seek injunctive relief damages enhanced damages attorneys’ fees costs interest declaratory relief. stages preliminary injunctions issued. dispute defend."
}
{
    "_id": "AMZN20231101",
    "title": "",
    "text": "claims litigation regulatory patent intellectual property taxes labor employment competition antitrust privacy consumer commercial disputes goods services."
}
{
    "_id": "AMZN20231102",
    "title": "",
    "text": "outcomes legal proceedings contingencies unpredictable subject uncertainties material to operating results cash flows. evaluate developments liability previous accruals possible losses make adjustments accruals disclosures appropriate. matters estimate loss immaterial unable estimate loss from non-monetary remedies. Until final resolution if estimates assumptions change incorrect may experience losses excess business financial position results cash flows."
}
{
    "_id": "AMZN20231106",
    "title": "",
    "text": "authorized 500 million shares. outstanding year."
}
{
    "_id": "AMZN20231108",
    "title": "",
    "text": "shares awards. 5. 6. 8 billion December 2021 2022 2023. vested unvested awards."
}
{
    "_id": "AMZN20231110",
    "title": "",
    "text": "March 2022 $10. billion replaced $5. billion 2016. repurchased 46. million shares $6. billion. no repurchases 2021 2023. December 2023 $6. billion remaining."
}
{
    "_id": "AMZN20231112",
    "title": "",
    "text": "Employees vest stock awards service two five years. majority granted hire Q2 semi-annually Q2 Q4 year."
}
{
    "_id": "AMZN20231122",
    "title": "",
    "text": "Stock compensation expense Ended December 31, sales Fulfillment,745 Technology infrastructure,621,434 Sales marketing,875 General administrative compensation expense,757,023"
}
{
    "_id": "AMZN20231125",
    "title": "",
    "text": "tax benefits $2. $5. 2021 2023."
}
{
    "_id": "AMZN20231140",
    "title": "",
    "text": "table restricted stock activity Units Average January 1 2021. granted. vested. forfeited. December 2021. Units granted. vested. forfeited. December 2022. Units granted. vested. forfeited. December 31, 2023."
}
{
    "_id": "AMZN20231144",
    "title": "",
    "text": "vesting restricted stock units December 31, 2023 Ended vesting restricted stock units#218.#124. 7.#405."
}
{
    "_id": "AMZN20231145",
    "title": "",
    "text": "2023 $18. 3 billion unrecognized compensation cost unvested stock. half expensed twelve months. years. estimated forfeiture rate December 2021 2022 2023. 1%."
}
{
    "_id": "AMZN20231146",
    "title": "",
    "text": "2021 2023 units $18. $12. $17. 6."
}
{
    "_id": "AMZN20231148",
    "title": "",
    "text": "December 31, 2023 stock. billion."
}
{
    "_id": "AMZN20231150",
    "title": "",
    "text": "2021 2022 2023 net tax $4. $7. taxable income reduced depreciation deductions research expenses. taxes $3. 7 $6. $11. billion."
}
{
    "_id": "AMZN20231152",
    "title": "",
    "text": "foreign subsidiary earnings losses. taxation repatriation. tax enhanced depreciation deductions property. 2023 2026. federal tax partial deduction 2021 full 2022 2023. January 1 2022 research development expenses capitalized amortized. tax."
}
{
    "_id": "AMZN20231168",
    "title": "",
    "text": "income taxes Ended December 31,. Federal Current,129,175,652 Deferred(6,686) Total,284,147. State Current,158 Deferred,302) Total International Current,209,186 Deferred Total Provision income taxes net,217),120"
}
{
    "_id": "AMZN20231174",
    "title": "",
    "text": ". international income taxes Ended December 31,.,879(8,225) International,272,289,229 Income before taxes,151(5,936),557"
}
{
    "_id": "AMZN20231186",
    "title": "",
    "text": "items Ended December taxes rate(1,246) Tax impact foreign earnings losses,349) State taxes federal benefits,307 Tax credits,136(1,006),362) Stock-based compensation(1,094) Foreign income deduction(1,258)(1,429) net Total,217),120"
}
{
    "_id": "AMZN20231188",
    "title": "",
    "text": "non tax. $1. 9 billion benefits 2021 $33 million $519 million shortfalls 2022 2023."
}
{
    "_id": "AMZN20231189",
    "title": "",
    "text": ". companies deduction tax foreign income. Foreign-Derived Intangible Income deduction. taxable income."
}
{
    "_id": "AMZN20231191",
    "title": "",
    "text": "generated income tax benefit 2022 2021 pretax income foreign income deduction. offset tax benefits stock-based compensation tax impact foreign earnings losses corporate restructuring. foreign income deduction benefit 2022 tax regulations benefit $655 million."
}
{
    "_id": "AMZN20231192",
    "title": "",
    "text": "provision income taxes 2023 2022 pretax income foreign earnings corporate restructuring tax shortfalls stock-based compensation. offset federal research development credits $600 million tax benefit expenditures 2022. federal R&D credit."
}
{
    "_id": "AMZN20231193",
    "title": "",
    "text": "invest foreign subsidiary earnings capital indefinitely outside U. S. costs repatriation."
}
{
    "_id": "AMZN20231214",
    "title": "",
    "text": "Deferred income tax liabilities. Federal Foreign,796 liabilities expenses,751 Stock compensation,279 Depreciation amortization,114 lease liabilities research development,800 items Tax credits deferred tax assets valuation allowances,374 Deferred tax,788 liabilities Depreciation amortization,454 Operating lease assets,140 Other items deferred tax,197"
}
{
    "_id": "AMZN20231216",
    "title": "",
    "text": "tax assets effects contingencies."
}
{
    "_id": "AMZN20231217",
    "title": "",
    "text": "deferred tax assets income jurisdictions capital gains tax credits."
}
{
    "_id": "AMZN20231218",
    "title": "",
    "text": "valuation allowances foreign deferred tax assets operating loss carryforwards December 31, 2023. $10. 2 billion before tax subject limitations. losses expire 2024."
}
{
    "_id": "AMZN20231221",
    "title": "",
    "text": "subject to income taxes U. S. foreign jurisdictions. judgment tax positions provision. transactions calculations tax determination uncertain. establish reserves for tax uncertainties additional taxes. positions. adjust reserves changing facts tax audits. provision taxes includes impact reserve provisions changes reserves."
}
{
    "_id": "AMZN20231231",
    "title": "",
    "text": "reconciliation income tax contingencies 31, January 1,242 increases decreases(172)(38) increases current Settlements tax authorities(60)(20) Lapse statute limitations(74)(28)(79) contingencies December 31,242,228"
}
{
    "_id": "AMZN20231233",
    "title": "",
    "text": "December 2023 $5. billion tax contingencies. billion tax."
}
{
    "_id": "AMZN20231234",
    "title": "",
    "text": "December 2022 2023 accrued interest penalties $103 $194 million. 2021 2023 $28 million $ million $91 million."
}
{
    "_id": "AMZN20231235",
    "title": "",
    "text": "under examination Internal Revenue Service 2016. examinations lead taxes net operating losses years subsequent periods."
}
{
    "_id": "AMZN20231236",
    "title": "",
    "text": "subject taxation states jurisdictions China France Germany India Japan Luxembourg United Kingdom. under audit assessments 2011. disputing tax assessments allocation income."
}
{
    "_id": "AMZN20231237",
    "title": "",
    "text": "September 2022 Luxembourg tax denied tax intangible assets distributed Luxembourg U. S. 2021. assessed remit taxes. defend recoup taxes."
}
{
    "_id": "AMZN20231238",
    "title": "",
    "text": "Indian tax authority tax applies cloud services Amazon U. S. remit taxes until resolved. position merit defending expect recoup taxes. resolved recognize tax expense taxes paid."
}
{
    "_id": "AMZN20231239",
    "title": "",
    "text": "October 2014, European Commission Luxembourg corporate income tax state aid. October 4, 2017. estimated recovery €250 million May 2006 June 2014, ordered calculate additional taxes. Luxembourg computed recovery deposited escrow March 2018 appeals. December 2017 Luxembourg appealed. May 2018. May 12, 2021 General Court annulled state aid decision. July 2021 Commission appealed Court Justice. December 2023 affirmed decision."
}
{
    "_id": "AMZN20231241",
    "title": "",
    "text": "Changes in tax laws regulations practices principles impact tax contingencies. complexities uncertainties judicial timing resolution tax controversies uncertain amounts paid may differ from accrued. possible next twelve months receive additional assessments resolution controversies. assessments settlements contingencies tax filings. change vary timing. estimate possible outcomes."
}
{
    "_id": "AMZN20231243",
    "title": "",
    "text": "organized operations three segments North America International AWS. allocate operating expenses infrastructure marketing based usage reflected. majority technology costs U. S. North America AWS segments. infrastructure costs allocated AWS. no internal revenue transactions between segments. chief reviews consolidated sales expenses income by segment. expenses include sales infrastructure marketing administrative. manages forecasts consolidated results quarterly."
}
{
    "_id": "AMZN20231245",
    "title": "",
    "text": "North America segment retail sales advertising subscription services stores. includes export sales."
}
{
    "_id": "AMZN20231247",
    "title": "",
    "text": "International segment from retail sales advertising subscription services online stores. includes export sales U. S. Mexico excludes North America stores."
}
{
    "_id": "AMZN20231249",
    "title": "",
    "text": "AWS segment compute storage database start-ups enterprises institutions."
}
{
    "_id": "AMZN20231273",
    "title": "",
    "text": "reportable segments net income Ended December North Net sales,880 expenses income,271,877 Net sales,787,007,200 expenses,856 loss(7,746)(2,656) Net sales,202,757 expenses,670,255,126 income,532 Net sales,785 expenses income,879,248 non-operating income,272,184) Benefit income taxes,217,120 Equity-method investment activity net tax Net income (loss,364,722,425"
}
{
    "_id": "AMZN20231285",
    "title": "",
    "text": "Net sales similar products Ended December Sales Online stores,004 Physical stores,075,963,030 Third-party services,366 Advertising services,160,739 Subscription services,768,218,209,202,757,176,247 Consolidated#469,822#513,983,785"
}
{
    "_id": "AMZN20231287",
    "title": "",
    "text": "product sales digital media content revenue. retail infrastructure consumable goods media products physical digital books videos software. digital products. subscriptions unlimited viewing services."
}
{
    "_id": "AMZN20231288",
    "title": "",
    "text": "product sales select store. Sales online delivery pickup stores stores."
}
{
    "_id": "AMZN20231289",
    "title": "",
    "text": "commissions shipping fees services."
}
{
    "_id": "AMZN20231290",
    "title": "",
    "text": "services sellers vendors publishers authors sponsored ads."
}
{
    "_id": "AMZN20231291",
    "title": "",
    "text": "fees Amazon Prime video music-book non-AWS services."
}
{
    "_id": "AMZN20231292",
    "title": "",
    "text": "sales licensing health care shipping co-branded credit card agreements."
}
{
    "_id": "AMZN20231302",
    "title": "",
    "text": "Net sales countries online physical stores selling entity. Ended December United States#314,006,113,637 Germany,326,598,588 United Kingdom Japan,396,002 Rest world,802,967 Consolidated#469,822#513,983,785"
}
{
    "_id": "AMZN20231310",
    "title": "",
    "text": "segment assets exclude corporate cash securities long investments facilities goodwill assets tax. Technology infrastructure allocated majority AWS segment. assets 31, North America,255,268 International,666,718 AWS,835,491 Corporate,476,250,574 Consolidated,549,675"
}
{
    "_id": "AMZN20231312",
    "title": "",
    "text": "America International property equipment leases inventory accounts digital."
}
{
    "_id": "AMZN20231313",
    "title": "",
    "text": "assets property equipment accounts leases."
}
{
    "_id": "AMZN20231321",
    "title": "",
    "text": "Property equipment 31, North America,640,632 International,347,357 AWS,245,701 Corporate,678,968,487 Consolidated,281,177"
}
{
    "_id": "AMZN20231329",
    "title": "",
    "text": "net additions property equipment segment Ended December 31, North America,397,682 International,259,144 AWS,755 Corporate,688 Consolidated,836,344"
}
{
    "_id": "AMZN20231331",
    "title": "",
    "text": "property leases. $422 $525 2021 2023 build-to-suit lease $5. billion $356 million."
}
{
    "_id": "AMZN20231332",
    "title": "",
    "text": "leases. $253 million $117 million 2021 build-suit $51 million $20 $1 million."
}
{
    "_id": "AMZN20231333",
    "title": "",
    "text": ". property leases $155. $180. $196. December 31, 2021 2022 2023 non. $61. $72. $80. 7 billion December 31, 2021 2022 2023. less 10% consolidated."
}
{
    "_id": "AMZN20231341",
    "title": "",
    "text": "Depreciation amortization property allocated segments usage. Total expense segment Ended December 31, North America,234,565,678 International,016 AWS,653 Consolidated,909,225"
}
{
    "_id": "AMZN20231342",
    "title": "",
    "text": "Disagreements Financial Disclosure"
}
{
    "_id": "AMZN20231343",
    "title": "",
    "text": "."
}
{
    "_id": "AMZN20231346",
    "title": "",
    "text": "carried evaluation Securities Exchange Act 1934 principal executive financial officer effectiveness disclosure controls procedures Rule 13a-15(e) 1934 Act December 31, 2023. concluded 2023 disclosure controls procedures effective information reports 1934 Act recorded processed summarized reported time periods SEC’s rules forms information accumulated communicated management timely decisions disclosure."
}
{
    "_id": "AMZN20231348",
    "title": "",
    "text": "Management internal control financial reporting Rule 13a-15(f) 1934 Act. assessed December 31, 2023 Internal Control Integrated Framework (2013) Sponsoring Organizations Treadway Commission. concluded effective assurance reliability preparation financial statements accounting principles. Ernst & Young assessed report included."
}
{
    "_id": "AMZN20231350",
    "title": "",
    "text": "no changes in control financial reporting quarter December 31, 2023."
}
{
    "_id": "AMZN20231353",
    "title": "",
    "text": "disclosure controls internal control financial reporting provide assurance achieving objectives. Management expect prevent error fraud. control system assumptions reasonable not assurance objectives met. no evaluation absolute assurance misstatements error fraud control issues fraud detected."
}
{
    "_id": "AMZN20231356",
    "title": "",
    "text": ". Inc"
}
{
    "_id": "AMZN20231358",
    "title": "",
    "text": "audited Amazon. control financial reporting December 31, 2023 Control-Integrated Framework Sponsoring Organizations Treadway Commission COSO. Amazon. maintained control reporting 2023."
}
{
    "_id": "AMZN20231359",
    "title": "",
    "text": "audited Public Company Accounting Oversight balance sheets December 2023 2022 statements income stockholders’ equity cash flows three years 2023 report February 1 unqualified opinion."
}
{
    "_id": "AMZN20231361",
    "title": "",
    "text": "management responsible internal control financial reporting Management’s Report. opinion control based audit. public accounting firm registered PCAOB independent U. S. federal securities laws rules Securities and Exchange Commission PCAOB."
}
{
    "_id": "AMZN20231362",
    "title": "",
    "text": "conducted audit PCAOB. standards require plan assurance internal control financial reporting."
}
{
    "_id": "AMZN20231363",
    "title": "",
    "text": "audit included understanding internal control financial reporting risk material weakness testing effectiveness procedures necessary. audit provides basis opinion."
}
{
    "_id": "AMZN20231365",
    "title": "",
    "text": "internal control over financial reporting assurance reliability financial reporting preparation financial statements for accounting principles. includes policies procedures maintenance records transactions dispositions assets assurance transactions recorded necessary preparation financial statements receipts expenditures with authorizations management directors assurance prevention of unauthorized acquisition use disposition assets financial statements."
}
{
    "_id": "AMZN20231366",
    "title": "",
    "text": "limitations internal control financial reporting prevent misstatements. projections effectiveness future risk controls compliance policies deteriorate."
}
{
    "_id": "AMZN20231372",
    "title": "",
    "text": "November 2023 Jonathan Rubinstein plan Rule sell 22,953 shares Amazon. February 9 2026."
}
{
    "_id": "AMZN20231373",
    "title": "",
    "text": "November 2023 Douglas Herrington CEO plan sell 130,162 shares Amazon. December 31, 2024."
}
{
    "_id": "AMZN20231374",
    "title": "",
    "text": "November 8 2023 Jeffrey Bezos plan Rule sell 50,000,000 Amazon. January 31, 2025."
}
{
    "_id": "AMZN20231375",
    "title": "",
    "text": "November Shelley Reynolds Vice President plan Rule sell 11,200 shares Amazon. November 2024."
}
{
    "_id": "AMZN20231376",
    "title": "",
    "text": "November 2023 David Zapolsky Vice President plan Rule sell 48,480 shares Amazon. December 31, 2024."
}
{
    "_id": "AMZN20231377",
    "title": "",
    "text": "November 16 2023 Andrew Jassy plan Rule sell 190,900 shares Amazon. December 31, 2024."
}
{
    "_id": "AMZN20231378",
    "title": "",
    "text": "November 2023 Brian Olsavsky Vice plan Rule sell 31,400 shares Amazon. May 28, 2024."
}
{
    "_id": "AMZN20231379",
    "title": "",
    "text": "November 2023 Judith McGrath plan Rule sell 5,760 shares Amazon. March 8 2024."
}
{
    "_id": "AMZN20231381",
    "title": "",
    "text": "."
}
{
    "_id": "AMZN20231383",
    "title": "",
    "text": "Executive Officers Item 10 Part III Item 1 Part I. Item 10 Part III changes security holders nominees Proxy Statement 2024 Annual Meeting incorporated. Code Business Conduct Ethics compliance Section 16(a 1934 Act Proxy Statement 2024 Annual Meeting incorporated. disclose amendments Code Business Conduct Ethics waivers investor relations website “Corporate."
}
{
    "_id": "AMZN20231385",
    "title": "",
    "text": "11 Part III Proxy Statement 2024 Meeting incorporated."
}
{
    "_id": "AMZN20231386",
    "title": "",
    "text": "Ownership Owners Shareholder"
}
{
    "_id": "AMZN20231388",
    "title": "",
    "text": "12 Part III Proxy Statement 2024 Meeting incorporated."
}
{
    "_id": "AMZN20231390",
    "title": "",
    "text": "13 Part III Proxy Statement 2024 Meeting incorporated."
}
{
    "_id": "AMZN20231393",
    "title": "",
    "text": "14 Part III Proxy Statement 2024 Meeting incorporated."
}
{
    "_id": "AMZN20231395",
    "title": "",
    "text": "List Documents Filed Report"
}
{
    "_id": "AMZN20231396",
    "title": "",
    "text": "Index Statements"
}
{
    "_id": "AMZN20231397",
    "title": "",
    "text": "Ernst Young Accounting"
}
{
    "_id": "AMZN20231398",
    "title": "",
    "text": "Cash Flows three years December"
}
{
    "_id": "AMZN20231399",
    "title": "",
    "text": "Statements Operations three years December"
}
{
    "_id": "AMZN20231400",
    "title": "",
    "text": "Statements Comprehensive Income three years"
}
{
    "_id": "AMZN20231402",
    "title": "",
    "text": "Statements Equity three years December"
}
{
    "_id": "AMZN20231404",
    "title": "",
    "text": "Ernst Young Accounting"
}
{
    "_id": "AMZN20231405",
    "title": "",
    "text": "Financial Statement"
}
{
    "_id": "AMZN20231407",
    "title": "",
    "text": "schedules omitted required information consolidated statements notes."
}
{
    "_id": "AMZN20231408",
    "title": "",
    "text": "exhibits."
}
{
    "_id": "AMZN20231443",
    "title": "",
    "text": "Exhibits. Certificate Incorporation Amazon. Form 8-K May 27, 2022. Bylaws Amazon. January 6 2023. November 29, 2012, Amazon. Wells Fargo Bank trustee. Indenture April 13, 2022 Amazon. Wells Fargo Bank Computershare Trust Company successor trustee 2. 730% 2024 3. 000% 2025. 300% 2027. 450% 2029. 600% 2032. 950% 2052 4. 100% 2062 April 13, 2022. Certificate Amazon. December 5 2014, 2. 600% 2019 3. 300% 2021. 800% 2024. 800% 2034. 950% 2044 December. Certificate Amazon. August 22, 2017 1. 900% 2020 2. 400% 2023. 800% 2024.150% 2027 3. 875% 2037 4. 050% 2047 4. 250% 2057 Form 8-K August 22,. Certificate Amazon. December 20 2017 5. 200% 2025. 6 Certificate Amazon. June 3 2020 0. 400% 2023. 800% 2025 1. 200% 2027. 500% 2030 2. 500% 2050 2. 700% 2060. 7 Certificate Amazon. May 12 2021 0. 250% 2023. 450% 2024 1. 000% 2026. 650% 2028 2. 100% 2031. 875% 2041 3. 100% 2051. 250% 2061. Certificate Amazon. December 1 2022 4. 700% 2024 4. 600% 2025 4. 550% 2027. 650% 2029. 700% 2032.Securities Annual Report Form 10-K December 31, 2019. Stock Incentive Plan Quarterly Report Form 10-Q June 30 2022. Nonofficer Employee Stock Option Plan 2022. Indemnification Agreement Amazon. Directors Exhibit 10. Registration Statement Form S-1. March 24 1997 April 21,. Restricted Stock Unit Agreement Officers Employees Annual Report 10-K 2002. Restricted Stock Agreement Directors. Restricted Stock Agreement Annual Report 10-K 2001. Global Restricted Stock Unit Agreement Executive Officers. Loan Agreement January 3 2023 Amazon. Toronto Dominion lenders Report Form 8-K 2023.-Year Revolving Credit Agreement November 1 2023 Amazon. Citibank.agent lenders party Current Report Form 8-K November 1 2023. Revolving Credit Agreement November 1 2023 Amazon. Citibank. lenders Form 8-K. Significant Subsidiaries. Independent Public Accounting Firm. Andrew R. Jassy President Chief Executive Amazon. Rule Securities Exchange Act 1934. Brian T. Olsavsky Senior Vice President Chief Financial Officer. Securities Exchange Act 1934. 18. 1350. Brian. Olsavsky. 18. Section 1350. Clawback Policy. financial statements Annual Report Form 10-K December 31, 2023 Consolidated Statements Cash Flows Operations Comprehensive Income Balance Sheets Stockholders’ Equity Notes Financial Statements.Item 601 Regulation S-K filed Annual 10-K instruments rights long-term debt securities exceed 10 percent assets. furnish agreements Commission. cover page Annual Report 10-K December 31, 2023 Inline XBRL Exhibit 101."
}
{
    "_id": "AMZN20231445",
    "title": "",
    "text": "Compensation."
}
{
    "_id": "AMZN20231448",
    "title": "",
    "text": "."
}
{
    "_id": "AMZN20231454",
    "title": "",
    "text": "Section 13 Securities Exchange Act 1934 registrant Report signed undersigned February 1 2024. Andrew. Jassy. Chief Executive Officer"
}
{
    "_id": "AMZN20231484",
    "title": "",
    "text": "Securities Exchange Act 1934 Report signed February 1 2024. Andrew R. Jassy. Chief Executive Officer Brian T. Olsavsky. Vice President Shelley L. Reynolds. President Controller Jeffrey P. Bezos. Chair Keith. Alexander. Edith. Cooper. Jamie. Gorelick. Daniel P. Huttenlocher. Judith. McGrath. Indra. Nooyi. Jonathan. Rubinstein. Brad D. Smith. Patricia. Stonesifer. Wendell P. Weeks."
}
{
    "_id": "BRK.A20230004",
    "title": "",
    "text": "Berkshire Hathaway Inc. holding company subsidiaries activities. important insurance freight transportation utility energy generation distribution. owns operates businesses manufacturing services retailing. domiciled Delaware headquarters Omaha Nebraska."
}
{
    "_id": "BRK.A20230005",
    "title": "",
    "text": "Berkshire’s businesses. few centralized functions. senior management team capital investment activities selection Chief Executive."
}
{
    "_id": "BRK.A20230006",
    "title": "",
    "text": "senior management corporate governance practices. Board of Directors successor Chief Executive Officer. Berkshire Code of Business Conduct Ethics commitment ethics compliance laws standards ethical legal behavior."
}
{
    "_id": "BRK.A20230007",
    "title": "",
    "text": "Human capital resources Berkshire’s businesses. employed 396,500 people worldwide 2023 80% United States. 20% represented unions. Employees occupations. decentralized management businesses policies practices attraction retention personnel. policies vary among subsidiaries. safe work environment injuries competitive compensation health insurance retirement benefits incentives wellness programs training learning career advancement opportunities hiring practices diversity inclusion. workforce demographics. available website. sustainability."
}
{
    "_id": "BRK.A20230009",
    "title": "",
    "text": "Berkshire’s insurance reinsurance through domestic foreign subsidiaries. provide property casualty life health worldwide. employed 43,000 2023. insurance insurers."
}
{
    "_id": "BRK.A20230010",
    "title": "",
    "text": "direct insurance insurer assumes loss from subject. property casualty life accident health financial perils insurable event. reinsurance assumes risks assumed."
}
{
    "_id": "BRK.A20230011",
    "title": "",
    "text": "Insurance reinsurance regulatory oversight. no barriers. Competitors domestic foreign licensed unlicensed. reliability financial ratings service business ethics price performance capacity policy terms coverage."
}
{
    "_id": "BRK.A20230012",
    "title": "",
    "text": "Insurers U. S. states domicile. state regulation financial solvency policyholder interests. States establish capital guidelines business investment activities suspend revoke authority. regulate dividends transactions with affiliates."
}
{
    "_id": "BRK.A20230014",
    "title": "",
    "text": "Insurers market sell service admitted insurers. approval policy forms premium rates. Non-admitted insurance markets insurance unavailable insurers. insurance procured state-licensed brokers direct procurement insurers. insurance less regulation policy rates forms. Reinsurers approval premium rates reinsurance contracts."
}
{
    "_id": "BRK.A20230015",
    "title": "",
    "text": "insurance regulators National Association Insurance Commissioners. adopts forms accounting procedures. insurers statements. insurer’s authority. NAIC accounting principles laws regulations programs. solvency risk management financial capital reporting."
}
{
    "_id": "BRK.A20230016",
    "title": "",
    "text": ". states international regulators Association Supervisors developing standards practices principles framework regulation-national insurance groups. IAIS developing capital standards groups consolidated group approach evaluating comparable capital standard entities. standards supervision coordination risk management governance."
}
{
    "_id": "BRK.A20230017",
    "title": "",
    "text": "IAIS standards. insurance departments NAIC IAIS standards. regulators formed supervisory colleges communication regulators. Nebraska Department of Insurance supervisor chairs supervisory college."
}
{
    "_id": "BRK.A20230018",
    "title": "",
    "text": ". regulators require insurance groups annual report Own Risk Solvency Assessment lead supervisor. NAIC adopted group capital calculation Aggregation Method. calculation supervisor understand capital group. developing tools liquidity assessments."
}
{
    "_id": "BRK.A20230019",
    "title": "",
    "text": "insurance companies capital. surplus. $303 billion December 31, 2023. subsidiaries rated AA+ Standard Poor’s A++ A. M. financial ability"
}
{
    "_id": "BRK.A20230020",
    "title": "",
    "text": "Terrorism Risk Insurance Act 2002 established. Treasury federal reinsurance terrorism losses. insurers. extends December 31, 2027 Reauthorization Act 2019. Department Treasury certifying terrorism. reinsurance insured loss exceeds $200 million."
}
{
    "_id": "BRK.A20230021",
    "title": "",
    "text": "reinsurance TRIA insurers terrorism notice premium federal share losses. TRIA excludes insurance burglary theft surety professional liability. Reinsurers not required terrorism eligible federal reinsurance losses."
}
{
    "_id": "BRK.A20230022",
    "title": "",
    "text": "terrorism federal government insurers 80% insured losses deductible. deductible 20% premium year. deductible Berkshire’s insurance $2. 5 billion 2024. program limit $100 billion federal reinsurance TRIA year."
}
{
    "_id": "BRK.A20230024",
    "title": "",
    "text": "insurance regulation varies non-U. S. licensing solvency auditing financial reporting jurisdiction."
}
{
    "_id": "BRK.A20230025",
    "title": "",
    "text": "variations size structure resources non. S. insurance. insurers risk-based approach."
}
{
    "_id": "BRK.A20230026",
    "title": "",
    "text": "non-U. S insurance operations subsidiaries branches. Germany Kingdom. Ireland Luxembourg Australia South Africa branches. jurisdictions local capital. licensing retention data privacy. companies multinational U. S. laws."
}
{
    "_id": "BRK.A20230027",
    "title": "",
    "text": "regulatory bodies impact Berkshire international jurisdictions potential effect insurance group industry economic developments. 2016, U. K. withdrawal January 31, 2020. Berkshire Hathaway European Insurance DAC property casualty insurance EU. Berkshire presence London Brexit."
}
{
    "_id": "BRK.A20230028",
    "title": "",
    "text": "insurance GEICO Berkshire Hathaway Primary Group Reinsurance Group. Alleghany Corporation acquired Berkshire October 19, 2022. subsidiaries property reinsurance insurance non. insurance Primary reinsurance Reinsurance. non-insurance manufacturing services."
}
{
    "_id": "BRK.A20230029",
    "title": "",
    "text": "retroactive reinsurance annuity up premiums estimated claims Berkshire expects underwriting profit reject inadequately priced risks. profit earned premiums losses policy acquisition expenses. income investments. information underwriting."
}
{
    "_id": "BRK.A20230030",
    "title": "",
    "text": "headquartered Chevy Chase Maryland. subsidiaries Government Employees Insurance Company entities. offer automobile insurance 50 states District Columbia motorcycles all-terrain recreational boats commercial fleets. Marketing direct Internet telephone captive agents. agency homeowners renters condominium life identity protection insurance."
}
{
    "_id": "BRK.A20230031",
    "title": "",
    "text": "GEICO competes insurance markets sales State Farm Allstate Progressive USAA. data 2022 five largest insurers market share 61. 2% GEICO’s third largest 13. 8%."
}
{
    "_id": "BRK.A20230032",
    "title": "",
    "text": "Seasonal variations insurance not significant. extraordinary weather automobile claims."
}
{
    "_id": "BRK.A20230034",
    "title": "",
    "text": "State insurance departments regulate insurance rates. Competition price customer service. GEICO’s marketing satisfaction competitive rates value. GEICO uses claims staff. name reputation assets protected registrations."
}
{
    "_id": "BRK.A20230035",
    "title": "",
    "text": "Berkshire Hathaway Primary independently insurers coverages policyholders U. S. operations discussed."
}
{
    "_id": "BRK.A20230036",
    "title": "",
    "text": "Indemnity Company Nebraska affiliates underwrite liability insurance excess. nationwide agents brokers."
}
{
    "_id": "BRK.A20230037",
    "title": "",
    "text": "Berkshire Hathaway Homestate Companies workers’ compensation automobile property diverse. national reach first-dollar deductible compensation states. NICO Primary BHHC Omaha Nebraska."
}
{
    "_id": "BRK.A20230038",
    "title": "",
    "text": "Berkshire Hathaway Insurance offers commercial property casualty executive professional insurance coverages. writes excess policies non-admitted U. Boston Massachusetts regional offices. international offices Australia Canada New Zealand Asia Europe. wholesale retail brokers agents."
}
{
    "_id": "BRK.A20230039",
    "title": "",
    "text": "Alleghany’s property casualty insurance business U. RSUI Group. CapSpecialty. specialty insurance property professional directors’ officers’ general. independent wholesale brokers retail agents agents."
}
{
    "_id": "BRK.A20230040",
    "title": "",
    "text": "MedPro Group insurance. provides insurance claims safety risk physicians surgeons dentists healthcare professionals hospitals senior care facilities. international liability insurance specialized accident health insurance colleges. Fort Wayne Indiana."
}
{
    "_id": "BRK.A20230041",
    "title": "",
    "text": ". Liability Insurance Company five specialty insurers commercial professional. markets 50 states District Columbia Canada. specialty insurance products. Wayne Pennsylvania. Hathaway GUARD Insurance Companies five commercial homeowners policies 450,000 businesses homeowners. independent agents retail wholesale brokers. Wilkes-Barre Pennsylvania."
}
{
    "_id": "BRK.A20230042",
    "title": "",
    "text": "Berkshire Hathaway Insurance offer commercial insurance workers’ compensation property auto liability small business. sold biBERK. Threeinsurance. Stamford Connecticut. MLMIC Insurance New York medical professionals hospitals. Albany New York."
}
{
    "_id": "BRK.A20230044",
    "title": "",
    "text": "Berkshire Hathaway Reinsurance offers coverages property casualty life health risks. 26 countries. NICO General Re Corporation Transatlantic Reinsurance Company. NICO Group General Re Group. Stamford Connecticut TransRe Group New York."
}
{
    "_id": "BRK.A20230045",
    "title": "",
    "text": "Reinsurance contracts treaty facultative. Treaty coverage risks ceded by facultative risks. contracts classified quota-share excess. quota-share reinsurer shares in original premiums losses. Excess reinsurance indemnification loss excess agreed amount. quota-share excess contracts limits indemnification."
}
{
    "_id": "BRK.A20230046",
    "title": "",
    "text": "type volume business market conditions premium rates coverage terms. underwriting price adequacy insurance markets timing large transactions."
}
{
    "_id": "BRK.A20230048",
    "title": "",
    "text": "NICO Group offers property reinsurance quota catastrophe treaty reinsurance primary insurance risks. business premium transactions. annual reinsurance premium 20% quota-share agreement. renewed January 1, 2023 expiration December 31, 2029. multi-line insurer Australia New Zealand Asia-Pacific countries."
}
{
    "_id": "BRK.A20230049",
    "title": "",
    "text": "General Re Group global property casualty reinsurance. contracts quota-share excess. treaties facultative. North America Reinsurance licensed District Columbia states except Hawaii accredited reinsurer. branch offices U. S. Canada."
}
{
    "_id": "BRK.A20230050",
    "title": "",
    "text": "General Re Group includes Indemnity Genesis Insurance specialty surplus property casualty professional liability coverages. marketed wholesale brokers underwriters program administrators."
}
{
    "_id": "BRK.A20230051",
    "title": "",
    "text": "General reinsurance Reinsurance Cologne subsidiaries branches brokers Faraday Underwriting. owns agent Syndicate 435 Lloyd’s London 100% results Syndicate 435."
}
{
    "_id": "BRK.A20230052",
    "title": "",
    "text": "TransRe Group provides pro-rata excess-loss reinsurance property casualty. Contracts U. S. foreign markets subsidiaries branches. brokers direct."
}
{
    "_id": "BRK.A20230054",
    "title": "",
    "text": "Group. premiums Asia-Pacific U. Europe. underwrites life disability supplemental health critical illness long-term care."
}
{
    "_id": "BRK.A20230056",
    "title": "",
    "text": "Berkshire Hathaway Life Insurance affiliates traditional life insurance. reinsure death income variable annuity risks."
}
{
    "_id": "BRK.A20230058",
    "title": "",
    "text": "Retroactive reinsurance contracts indemnify companies adverse claims loss events policies. Coverage excess losses no additional retention. subject limits indemnification large. asbestos environmental latent injury claims."
}
{
    "_id": "BRK.A20230059",
    "title": "",
    "text": "time-value-money retroactive reinsurance contract prices terms loss payments decades. losses exceed premiums losses amortization deferred charge assets. business policyholder funds benefit reflected future."
}
{
    "_id": "BRK.A20230061",
    "title": "",
    "text": "BHLN writes annuity reinsures obligations. receives agrees payments decades. injury compensation claims structured settlements. retroactive reinsurance time-value-money annuity premiums losses time-value liabilities. curtailed annuity business 2023 conditions."
}
{
    "_id": "BRK.A20230062",
    "title": "",
    "text": "subsidiaries hold invested assets. portfolios managed Chief Executive Officer managers. include equity securities fixed maturity securities short-term investments. no target allocations asset liability durations. equity securities insurance industry."
}
{
    "_id": "BRK.A20230063",
    "title": "",
    "text": "Invested assets shareholder capital funds policyholders insurance reinsurance. policyholder funds. unpaid losses expenses life annuity health liabilities unearned premiums liabilities receivables deferred policy costs charges reinsurance contracts. grown $123 billion 2018 to $169 billion 2023. cost net pre-tax earnings float."
}
{
    "_id": "BRK.A20230065",
    "title": "",
    "text": "Burlington Northern Santa Fe Fort Worth Texas operates North. 37,000 employees 2023 32,000 labor union."
}
{
    "_id": "BRK.A20230066",
    "title": "",
    "text": "Midwest Northwest Western Southwestern Southeastern regions ports. BNSF Railway transports agricultural industries. Freight revenues agreements prices quotations. economic international national regional."
}
{
    "_id": "BRK.A20230067",
    "title": "",
    "text": "BNSF routes cities ports western southern U. S. Canada Mexico. serves smaller markets 200 shortline railroads. marketing agreements reach. 2023 34% freight revenues consumer 25% industrial 24% agricultural 17% coal."
}
{
    "_id": "BRK.A20230070",
    "title": "",
    "text": "BNSF subject federal state laws. Rail operations Surface Transportation Board Federal Railroad Administration. Occupational Safety Health Administration Environmental Protection Agency Canadian. STB disputes rates routes services sale abandonment rail lines extensions construction merger acquisition carriers. proceedings profitability BNSF."
}
{
    "_id": "BRK.A20230071",
    "title": "",
    "text": "DOT OSHA EPA safety health environmental rail hazardous materials. BNSF Railway materials. State agencies regulate health safety federal law."
}
{
    "_id": "BRK.A20230073",
    "title": "",
    "text": "BNSF’s rail operations subject federal regulations discharges emissions toxic substances waste hazardous materials. increase costs liabilities. Environmental risks chemicals hazardous materials."
}
{
    "_id": "BRK.A20230074",
    "title": "",
    "text": "BNSF’s land holdings used for industrial leased discharges. federal state BNSF liable for cleanup enforcement costs fault. subject to claims parties investigation cleanup restoration environmental costs statutes common law properties impacted BNSF operations."
}
{
    "_id": "BRK.A20230075",
    "title": "",
    "text": "diesel fuel locomotives 80% BNSF emissions 2018. sustainability model 30% reduction-emissions by 2030 2018. fuel efficiency renewable diesel fuel. battery-electric hydrogen locomotives evaluated-tested."
}
{
    "_id": "BRK.A20230077",
    "title": "",
    "text": "BNSF Railway competitive. deregulated motor carriers railroads river barges ships pipelines price service. high service truck lines subsidized infrastructure empty mileage non-bulk time-sensitive freight. expansion vehicles markets. efficiencies productivity."
}
{
    "_id": "BRK.A20230078",
    "title": "",
    "text": "railroads franchises competition intensifies. BNSF Western. Union Pacific Railroad Company. Class I regional operate BNSF Railway."
}
{
    "_id": "BRK.A20230080",
    "title": "",
    "text": "92% Hathaway Energy Des Moines Iowa. 2017 acquired 38. 6% Pilot Travel Centers Knoxville Tennessee. 2023 equity. acquired 41. 4% PTC. subsidiary February 1, 2023. January 16, 2024 20% wholly-owned Berkshire subsidiary. fuel distribution energy products."
}
{
    "_id": "BRK.A20230083",
    "title": "",
    "text": "BHE global energy company subsidiaries. interests four. utility companies. 3 million retail customers five. natural gas pipeline 21,000 miles pipeline 21 billion cubic feet gas day. electric transmission Britain Canada renewable power natural gas export import storage. owns residential real estate. franchises. employs 24,000."
}
{
    "_id": "BRK.A20230085",
    "title": "",
    "text": "BHE’s. utilities include PacifiCorp MidAmerican Energy Company Energy. Nevada Power Sierra Pacific. PacifiCorp utility Oregon Utah Oregon Wyoming Washington Idaho California. economy rural urban manufacturing. dominates economic fluctuations. PacifiCorp buys sells electricity wholesale."
}
{
    "_id": "BRK.A20230086",
    "title": "",
    "text": "MEC regulated gas utility Iowa Illinois South Dakota Nebraska. base electronic data storage agricultural manufacturing government service centers. sells gas wholesale."
}
{
    "_id": "BRK.A20230087",
    "title": "",
    "text": "Nevada Power southern Sierra Pacific northern Nevada. Power Pacific gaming mining recreation warehousing manufacturing governmental. utilities sell gas wholesale."
}
{
    "_id": "BRK.A20230088",
    "title": "",
    "text": "integrated BHE’s. S utilities own 30,100 megawatts capacity. business seasonal variations electricity natural gas heating. electric summer natural gas winter."
}
{
    "_id": "BRK.A20230089",
    "title": "",
    "text": "gas pipelines BHE GT&S Northern Natural Gas Kern River Transmission. acquired"
}
{
    "_id": "BRK.A20230090",
    "title": "",
    "text": "BHE GT&S Virginia operates three interstate gas systems 5,400 miles seventeen underground storage fields eastern U. interconnected gas transmission network utilities customers. industry leader liquefied natural gas investments ownership facilities eastern."
}
{
    "_id": "BRK.A20230091",
    "title": "",
    "text": "Northern Natural Nebraska operates largest interstate natural gas pipeline system. Texas Upper Peninsula. 14,200 miles. interconnected basins transportation services utilities customers. operates three underground gas storage facilities two gas storage units. seasonal swings demand highest demand November March."
}
{
    "_id": "BRK.A20230092",
    "title": "",
    "text": "Kern River operates interstate natural gas pipeline 1,400 miles Rocky Mountains Utah Nevada California. transports utilities oil energy financial institutions."
}
{
    "_id": "BRK.A20230094",
    "title": "",
    "text": "businesses Northern Powergrid distribution network northeast England 10,000 square miles. charge tariffs serve 4. million end-users. AltaLink. utility Calgary Alberta. transmit load centers cities industrial plants 87,000 mile. serves 85% population. subsidiaries power projects 5,900 megawatts California Texas Illinois Nebraska Montana Australia New York Arizona Canada Minnesota Kansas Iowa Hawaii. wind solar geothermal hydro. invested $7. 3 billion wind projects."
}
{
    "_id": "BRK.A20230096",
    "title": "",
    "text": "U. S. utilities federal agencies. Federal Energy Regulatory Commission Federal Power Act Energy Policy Act 2005 statutes. regulates rates transmission reliability utility accounting securities construction hydroelectric. civil penalties $1. 5 million Federal Power Act. MEC Nuclear Regulatory Commission Atomic Energy Act 1954 25% ownership Quad Cities Nuclear Station."
}
{
    "_id": "BRK.A20230097",
    "title": "",
    "text": "exceptions U. S. utilities serve retail customers territories obligation provide service. purchase energy from alternative suppliers customers generate own energy. state regulatory commissions established retail electric natural gas rates cost-of-service utility recover costs earn return on investments. retail electric rates. based on traditional bundled services rates available for transmission-only distribution-only services."
}
{
    "_id": "BRK.A20230098",
    "title": "",
    "text": "Northern Powergrid charge fees distribution systems Gas Electricity Markets Authority. price control April 1 2023 March 2028."
}
{
    "_id": "BRK.A20230099",
    "title": "",
    "text": "AltaLink regulated Alberta Utilities Commission Electric Utilities Public Utilities Act Hydro Electric Energy Act. electricity transmission sector activities tariffs rates construction operations financing. AltaLink applications approval tariffs Alberta Electric System Operator transmission facilities terms conditions. independent oversees integrated electrical system wholesale electricity market. safe economic operation long transmission system planning."
}
{
    "_id": "BRK.A20230100",
    "title": "",
    "text": "natural gas pipelines federal state agencies. BHE GT&S Northern Natural Kern River FERC Natural Gas Act Policy Act 1978. regulates rates charges terms conditions service construction pipelines storage natural gas export facilities. Interstate companies Office Pipeline Safety DOT. safety regulations Natural Gas Pipeline Safety Act 1968 safety requirements design construction maintenance interstate."
}
{
    "_id": "BRK.A20230103",
    "title": "",
    "text": "BHE energy businesses federal laws air climate change emissions water coal ash disposal operations. Federal Clean Air Act levy penalties noncompliance fines injunctive relief."
}
{
    "_id": "BRK.A20230104",
    "title": "",
    "text": "Federal Clean Air Act state laws regulations emissions air quality emissions. laws impact facilities reduce emissions. state federal clean energy standards low non renewable impact electricity generators natural gas providers."
}
{
    "_id": "BRK.A20230105",
    "title": "",
    "text": "December 2015, agreement 195 nations climate change Paris Agreement. temperature increase below 2 degrees Celsius 1. 5 degrees Celsius GHG emissions climate neutrality mid-century commitments contributions measures inventories report new commitments five years. U. S reduce GHG emissions 26% to 28% 2005 2025. effective November 4, 2016. November 4, 2020. President Biden accepted January 20, 2021. reentry February 19, 2021. New commitments April 2021. cut GHG emissions 50% to 52% 2005 2030 100% carbon pollution-free electricity 2035. states reduce GHG emissions clean renewable energy."
}
{
    "_id": "BRK.A20230106",
    "title": "",
    "text": "2019 EPA repealed Clean Power Plan issued Affordable Clean Energy rule. reduction coal power plants heat rate improvements technologies measures. source. January 19, 2021 D. C. Circuit Court Appeals vacated rule. October 2021. Supreme Court appeal. Arguments February 2022 June 30, 2022. GHG emissions Clean Air Act. Clean Power Plan exceeded powers EPA measures. May 2023 EPA proposed new rules GHG emissions power. January 1, 2030. subcategorized fuel type. coal carbon capture sequestration. natural gas limit 1,300 1,500 pounds carbon dioxide per megawatt hour. gas high-load turbines carbon capture sequestration co-fueling hydrogen. new turbines co-fueling hydrogen 30% 96% blend rates by 2038.EPA May."
}
{
    "_id": "BRK.A20230107",
    "title": "",
    "text": "November 2021 proposed methane emissions oil natural gas industry. proposals requirements modified reconstructed reduce nationwide. supplemental proposal 2022. rule finalized December 2023. sources five years comply state plans."
}
{
    "_id": "BRK.A20230108",
    "title": "",
    "text": "BHE subsidiaries reliable affordable safe clean energy GHG emissions. primary source GHG power plants coal natural gas. works regulators energy needs costs reliability sources. invested renewable generation storage"
}
{
    "_id": "BRK.A20230110",
    "title": "",
    "text": "$34. 1 billion 2023 ceased 18 units. 2023 reduced GHG emissions 34% 2005. renewable low-carbon generation cease 15 units 2025 2030 50% reduction GHG 2030."
}
{
    "_id": "BRK.A20230112",
    "title": "",
    "text": "HomeServices America. residential estate. S. mortgage banking title closing insurance warranties relocation. operates 50 names 41,000 agents 900 offices 34 states District Columbia."
}
{
    "_id": "BRK.A20230113",
    "title": "",
    "text": "300 franchisees 1,500 offices 48,000 real estate agents U. S. Berkshire Hathaway HomeServices Real Living names marks training advertising."
}
{
    "_id": "BRK.A20230114",
    "title": "",
    "text": "estate volumes higher second third quarters. competitive subject real estate market conditions."
}
{
    "_id": "BRK.A20230116",
    "title": "",
    "text": "PTC operates 650 75 fuel 44. states five provinces Pilot Flying wholesale. sells diesel 140 locations. sold 16 billion gallons 2023. 3 billion gallons low carbon 325 million gallons diesel exhaust."
}
{
    "_id": "BRK.A20230117",
    "title": "",
    "text": "PTC opened charging 18 centers agreement General Motors network 2,000 500. 2026. signed Volvo 2022 charging network trucks. PTC 26,700 employees 2023 2,160 travel centers."
}
{
    "_id": "BRK.A20230118",
    "title": "",
    "text": "travel centers interstate highway offer petroleum products merchandise food services amenities consumers travelers drivers. operators Love’s Stops independent operators centers. top 10 customers diesel less 15% gallons top 10 suppliers less than 50% gallons. sell third party centers. water disposal oil fields."
}
{
    "_id": "BRK.A20230119",
    "title": "",
    "text": "PTC subject federal state laws. pollutants remediation hazardous waste. Penalties non-compliance. petroleum tanks dispensers wells retirement."
}
{
    "_id": "BRK.A20230121",
    "title": "",
    "text": "subsidiaries industrial building consumer products. industrial products manufacture aerospace power chemicals metal cutting tools. building products homes flooring insulation roofing components paint coatings bricks masonry. consumer products recreational vehicles batteries apparel footwear. 184,000 people end 2023."
}
{
    "_id": "BRK.A20230125",
    "title": "",
    "text": "Castparts. Oswego manufactures components castings forgings fasteners aerostructures aerospace power energy. manufactures castings forgings armament medical nickel titanium alloys cobalt alloys aerospace chemical processing oil gas pollution control fasteners automotive specialty alloys heat testing grinder pumps components low-pressure sewer auxiliary equipment gas monitoring power generation metalworking tools."
}
{
    "_id": "BRK.A20230126",
    "title": "",
    "text": "casting ceramic molds metal components complex shapes tolerances finishes. PCC engines airframes medical implants armament vehicles. high temperature carbon ceramic components next-generation aerospace engines."
}
{
    "_id": "BRK.A20230127",
    "title": "",
    "text": "PCC forging aerospace power generation. nickel titanium. nickel alloys castings oil gas chemical processing pollution control. titanium aerospace power generation energy medical industrial."
}
{
    "_id": "BRK.A20230128",
    "title": "",
    "text": "PCC developer manufacturer fasteners aerostructures components aerospace. aerospace power energy construction automotive farm shipbuilding medical appliances recreation."
}
{
    "_id": "BRK.A20230129",
    "title": "",
    "text": "PCC customers aerospace Airbus Electric Rolls Royce Pratt &Whitney. majority sales from customer orders long-term agreements. terms termination payment. order cancellations delays."
}
{
    "_id": "BRK.A20230130",
    "title": "",
    "text": "COVID-19 2020 build rate reductions aerospace 2021. 2022 domestic international. Domestic surpassed 2019 international below 2019. forecasts growth demand air travel products."
}
{
    "_id": "BRK.A20230131",
    "title": "",
    "text": "PCC competition markets. Components products produced by competitors same. PCC believes advantages high quality competitive prices alternative same components. PCC leading supplier in principal markets. customer relationships technical expertise-art facilities dedicated employees competitive advantages."
}
{
    "_id": "BRK.A20230132",
    "title": "",
    "text": "raw materials PCC nickel titanium cobalt tantalum hafnium molybdenum few. required alloys. availability costs cartels politics labor relations inflation."
}
{
    "_id": "BRK.A20230134",
    "title": "",
    "text": "PCC subject federal environmental laws water discharges air emissions waste management materials environmental cleanup. Laws environmental standards stringent air water quality climate change GHG emissions. PCC additional capital environmental matters."
}
{
    "_id": "BRK.A20230136",
    "title": "",
    "text": "Lubrizol Corporation Wickliffe Ohio specialty chemical performance materials manufactures supplies technologies global transportation industrial consumer markets. operates Additives Advanced Materials engineered materials life sciences."
}
{
    "_id": "BRK.A20230137",
    "title": "",
    "text": "Lubrizol engine transmission fluids gear oils driveline lubricants fuels metalworking fluids compressor lubricants. products beauty home medical devices performance coatings sporting goods plumbing fire sprinkler. leader competitors Infineum. Chevron Oronite Afton Chemical."
}
{
    "_id": "BRK.A20230138",
    "title": "",
    "text": "patent portfolio Lubrizol leadership scientific formulation market expertise demand quality value. leverages scientific knowledge performance sustainability requirements. patents invests intellectual property innovative products. uses specialty commodity chemical raw materials. feedstocks petroleum petrochemicals obtainable several sources. long-term supply contracts."
}
{
    "_id": "BRK.A20230139",
    "title": "",
    "text": "Lubrizol 100 offices laboratories production warehouses six continents North America Europe Asia South America. markets products direct sales agents distributors. customers oil companies. largest customers suppliers. 2023 no customer 10% revenues. COVID-19 supply chain weather fires materials operations."
}
{
    "_id": "BRK.A20230140",
    "title": "",
    "text": "Lubrizol expends capital safety employees communities operational excellence cybersecurity. supply compliance regulations environmental footprint."
}
{
    "_id": "BRK.A20230141",
    "title": "",
    "text": "Lubrizol subject laws environment limit waste emissions safety regulate trade. policies risks financial liability chemical plants safety risks capital expenditures costs liabilities."
}
{
    "_id": "BRK.A20230143",
    "title": "",
    "text": "largest multinational manufacturers consumable precision carbide metal cutting tools industrial. brand names NTK®. Tool—Flo® BSW Supermill®. facilities Israel U. South Korea Japan Germany Italy Switzerland India China."
}
{
    "_id": "BRK.A20230145",
    "title": "",
    "text": "IMC six product lines milling parting grooving turning hole round. products split cemented tungsten carbide inserts steel tool holders. Inserts sales earnings. Metal cutting inserts consumed. manufactures engineered inserts technical requirements. engineers develop."
}
{
    "_id": "BRK.A20230146",
    "title": "",
    "text": "sales network manufacturing center. customer base diverse multinational automotive aerospace engineering machinery. operates warehouse Israel U. Belgium South Korea Japan China. sales offices support inventory management."
}
{
    "_id": "BRK.A20230147",
    "title": "",
    "text": "IMC metal cutting tools global market. includes participants manufacturers multinational businesses Sandvik Kennametal. distribution networks. Kyocera Mitsubishi Sumitomo Ceratizit Korloy."
}
{
    "_id": "BRK.A20230148",
    "title": "",
    "text": "tungsten powder cutting tools. IMC’s products tungsten. supplies adequate disruption availability prices."
}
{
    "_id": "BRK.A20230149",
    "title": "",
    "text": "IMC environmental rules regulations. environmental preservation pollution prevention. production facilities standards follow regulations."
}
{
    "_id": "BRK.A20230151",
    "title": "",
    "text": "Marmon Holdings. Chicago Illinois global industrial organization eleven business groups 100 businesses. 400 facilities U. S. 16 countries. groups."
}
{
    "_id": "BRK.A20230152",
    "title": "",
    "text": "Foodservice Technologies manufactures beverage dispensing cooling restaurants owners providers. Operations based. facilities. Mexico China Italy. sold. Europe Asia."
}
{
    "_id": "BRK.A20230153",
    "title": "",
    "text": "Water Technologies manufactures equipment residential industrial. Operations U. India Poland centers. Italy."
}
{
    "_id": "BRK.A20230154",
    "title": "",
    "text": "plastic aluminum tubing extrusions transmission emissions chassis dry van trailers truck components. U. S. Mexico Canada Europe Asia."
}
{
    "_id": "BRK.A20230155",
    "title": "",
    "text": "Solutions digital merchandising fixtures shopping handling security carts. S Czech Republic."
}
{
    "_id": "BRK.A20230156",
    "title": "",
    "text": "Metal Services pipe tubing aerospace construction agricultural. Operations based. India Poland Singapore. Netherlands Canada Mexico."
}
{
    "_id": "BRK.A20230157",
    "title": "",
    "text": "produces wire residential commercial buildings specialty wire energy transit aerospace defense industrial. Operations. Canada India England. Business India China."
}
{
    "_id": "BRK.A20230159",
    "title": "",
    "text": "Plumbing Refrigeration copper tubing brass aluminum stainless-steel fittings plumbing heating coils ducting air units heat pipe aluminum brass. raw materials aluminum copper. U. S. Canada."
}
{
    "_id": "BRK.A20230160",
    "title": "",
    "text": "fasteners masonry anchoring polymer anchoring gloves protective wear gear drives fan pump drives wind machines wheels axles gears rail mining lead acid batteries service. Operations U. S. K. Canada China."
}
{
    "_id": "BRK.A20230161",
    "title": "",
    "text": "Rail Leasing railcars containers movers rail track construction tank heads cylinders."
}
{
    "_id": "BRK.A20230162",
    "title": "",
    "text": "Union Tank Car Company Rail Leasing leading designer builder lessor. Procor owns 119,000 railcars chemical petrochemical energy agricultural. manufactures. maintenance 100 locations North America."
}
{
    "_id": "BRK.A20230163",
    "title": "",
    "text": "UTLX diversified customer base industries. cyclicality competition high-quality products services niche markets. Railcars leased multiple-year terms renewed expiration. selective capital investment utilization rates high."
}
{
    "_id": "BRK.A20230164",
    "title": "",
    "text": "Intermodal containers leased EXSIF. lessor fleet 75,000 units chemical producers logistics operators. Russia 7,300 containers."
}
{
    "_id": "BRK.A20230165",
    "title": "",
    "text": "Crane Services mobile cranes North America Australia 1,100 cranes energy mining petrochemical infrastructure markets. leased equipment-only. seasonality warmer months."
}
{
    "_id": "BRK.A20230166",
    "title": "",
    "text": "develops manufactures distributes devices neurosurgery biologics aesthetics powered. care outcomes. Operations U. Europe China business North South America Asia Australia."
}
{
    "_id": "BRK.A20230167",
    "title": "",
    "text": "2024 Marmon includes Scott Fetzer companies. manufacture distribute finance residential industrial institutional. Rail Medical government. environmental matters remediation. follows federal state local regulations."
}
{
    "_id": "BRK.A20230169",
    "title": "",
    "text": "CTB. Milford Indiana designer manufacturer marketer agricultural systems solutions preserving grain producing poultry processing poultry. supports distributors dealers."
}
{
    "_id": "BRK.A20230170",
    "title": "",
    "text": "CTB competes manufacturers suppliers. Competition price value reputation quality design customer service distributors dealers. brand names distribution network diversified product line support high. manufactures galvanized steel steel wire stainless steel polymer. availability adequate."
}
{
    "_id": "BRK.A20230172",
    "title": "",
    "text": "LiquidPower Products. Houston Texas leader drag reduction flow potential flexibility efficiencies. develops flow solutions 20 countries 50 million barrels hydrocarbon liquids. DRA full-service solution technology manufacturing support supply chain injection equipment service. laws environment waste emissions."
}
{
    "_id": "BRK.A20230173",
    "title": "",
    "text": "group W Steel structural steel fabricator. operates 19 plants. projects semiconductor plants stadiums high-rise buildings mining hangars military automotive international. backlog. acquired Alleghany 2022 headquarters Oklahoma City."
}
{
    "_id": "BRK.A20230176",
    "title": "",
    "text": "Clayton Homes. Knoxville off modular CrossMod™. delivered 43,000 off-site 10,000 site homes. financing services price service location delivery."
}
{
    "_id": "BRK.A20230177",
    "title": "",
    "text": "Clayton off-site homes designed engineered U. S. December 2023 backlog $799 million 200%. sells centers realtors subdivision channels. financing acceptance. financing loan underwriting."
}
{
    "_id": "BRK.A20230178",
    "title": "",
    "text": "2015, expanded nine builders 18 states 290 subdivisions. 67,000 homesites backlog $1. 6 billion December 2023."
}
{
    "_id": "BRK.A20230179",
    "title": "",
    "text": "access housing inputs lumber steel resin. 2021 2022 availability pricing volatile. shortages reduced labor increased time-process inventory. constraints 2022 improved availability pricing cancellations demand new construction."
}
{
    "_id": "BRK.A20230180",
    "title": "",
    "text": "Clayton’s low interest rate strong residential construction market. interest rates. slowed demand new construction pre-existing homes."
}
{
    "_id": "BRK.A20230181",
    "title": "",
    "text": "Clayton’s home building business environmental erosion stormwater protection. loans Consumer Financial Protection Bureau state. Department Housing Urban Development National Mortgage Association-sponsored enterprises."
}
{
    "_id": "BRK.A20230183",
    "title": "",
    "text": "Shaw Industries Group. Dalton Georgia manufacturer distributor carpet tile flooring. manufactures 4,400 styles tufted carpet wood resilient flooring residential commercial names private labels. patterns colors textures. finishing. U. S. China U. K. distributes tile Europe Southeast Asia. hardwood vinyl laminate floor products. project management installation services."
}
{
    "_id": "BRK.A20230185",
    "title": "",
    "text": "Shaw operates Sports Turf Shawgrass Southwest Greens turf greens landscape turf. 2021 Watershed Geosynthetics environmental solutions utility waste erosion control mining. renewable energy. PowerCap® solar arrays landfills roof tops underutilized spaces."
}
{
    "_id": "BRK.A20230186",
    "title": "",
    "text": "Shaw products sold 43,000 retailers distributors users. marketed 1,900 sales accounts. distribution facilities seven carpet nine hard surfaces-service three 30 redistribution centers delivery distributors."
}
{
    "_id": "BRK.A20230187",
    "title": "",
    "text": "Shaw tufted nylon polypropylene polyester recycled. 2023 processed 93% yarn. raw materials costs impacted petro-chemical gas. soft-flooring materials recycled. cost changes prices."
}
{
    "_id": "BRK.A20230188",
    "title": "",
    "text": "soft floor covering industry competitors. manufacturers hard surfaces flooring. carpet 39% U. consumption flooring. measures quality style price service."
}
{
    "_id": "BRK.A20230190",
    "title": "",
    "text": "Johns Manville Corporation Denver Colorado manufacturer marketer building industrial commercial reinforcement fiberglass nonwovens. residential automotive transportation air handling appliance HVAC filtration waterproofing flooring interiors aerospace wind energy. Fiberglass."
}
{
    "_id": "BRK.A20230191",
    "title": "",
    "text": "patents licenses patent. operates 40 facilities North America Europe conducts research development Littleton Colorado U. S. Europe."
}
{
    "_id": "BRK.A20230192",
    "title": "",
    "text": "Fiberglass earthen materials recycled glass. JM’s products contain chemical agents chemical petrochemical materials roofing specialized products. uses recycled material needs. raw materials available production levels."
}
{
    "_id": "BRK.A20230193",
    "title": "",
    "text": "operations federal state environmental laws liability discharge hazardous substances chemical substances. Clean Air Clean Water Act Toxic Substances Control Act Resource Conservation Recovery Act Comprehensive Environmental Response Compensation Liability Act EPA. Canadian European laws. JM monitors regulations impact. capital projects address environmental compliance."
}
{
    "_id": "BRK.A20230195",
    "title": "",
    "text": "sells products channels contractors distributors retailers manufacturers fabricators. operates competitive markets regional. leadership markets. products compete value differentiation customization quality service. Sales seasonal construction activity second quarters."
}
{
    "_id": "BRK.A20230197",
    "title": "",
    "text": "MiTek Industries. Chesterfield Missouri residential commercial. sales 60 countries 20 countries."
}
{
    "_id": "BRK.A20230198",
    "title": "",
    "text": "residential MiTek supplier connector construction hardware software computer-driven machinery. customers manufacturers roof floor trusses wall panels. sells hardware distributors stores-yourself."
}
{
    "_id": "BRK.A20230199",
    "title": "",
    "text": "MiTek hot dipped galvanized sheet steel. variations cost availability."
}
{
    "_id": "BRK.A20230201",
    "title": "",
    "text": "Benjamin Moore Co. Montvale New Jersey residential industrial coatings. committed innovation sustainable. portfolio includes Element Ultra. brands specialty paints Coronado® Insl-x®."
}
{
    "_id": "BRK.A20230202",
    "title": "",
    "text": "Benjamin Moore coatings available 8,000 paint retailers 4,000 Ace Hardware U. S. Canada 72 countries. Moore preferred paint supplier Ace stores 2019. relationship expanded since 2019. Clark private brands."
}
{
    "_id": "BRK.A20230203",
    "title": "",
    "text": "Benjamin Moore allows order coatings samples center delivery retailer."
}
{
    "_id": "BRK.A20230204",
    "title": "",
    "text": "Moore manufacturers retailers. quality innovation expertise service price advantage. stores merchandisers home centers Sherwin-Williams PPG Industries. Home Depot. Lowe’s."
}
{
    "_id": "BRK.A20230205",
    "title": "",
    "text": "significant materials Benjamin Moore titanium dioxide monomers polymers pigments. purchased materials. supply constraints COVID-19 2022 alleviated 2023. returned normal production."
}
{
    "_id": "BRK.A20230206",
    "title": "",
    "text": "Moore complies environment safety products environmental standards. past environmental matters monitoring remediation."
}
{
    "_id": "BRK.A20230209",
    "title": "",
    "text": "Acme Brick Company Fort Worth manufactures clay bricks concrete block. products flooring masonry products. sold South Central Southeastern U. homebuilders masonry contractors."
}
{
    "_id": "BRK.A20230210",
    "title": "",
    "text": "Acme operates 12 clay brick four states three Texas. demand seasonal higher subject construction cyclical. owns leases mineral rights raw materials. adequate."
}
{
    "_id": "BRK.A20230211",
    "title": "",
    "text": "brick industry EPA Maximum Control Technology Standards. National Emission Standards Hazardous Air Pollutants. emission limits pollutants acidic gases. brick plants comply Rule."
}
{
    "_id": "BRK.A20230214",
    "title": "",
    "text": "Forest River. Elkhart Indiana manufacturer recreational vehicles utility trailers buses pontoon boats U. S. Canada. facilities six states leading manufacturer. Utility trailers. Buses. Pontoon boats Berkshire South Bay Trifecta."
}
{
    "_id": "BRK.A20230215",
    "title": "",
    "text": "RV industry competitive. price design quality service. consolidated companies largest market share 42% 2023. Forest River 33%. subject National Traffic Motor Vehicle Safety Act safety standards. S. Department of Transportation Canadian government. member Recreational Vehicle Industry Association safety standards. products comply standards."
}
{
    "_id": "BRK.A20230217",
    "title": "",
    "text": "Fruit Loom. Bowling Green Kentucky manufacturer distributor apparel athletic apparel sports equipment. mass merchandise mid-tier chains wholesale. Radiant mass merchandise Lily of mid-tier chains department stores. sells athletic apparel team dealers retailers Russell."
}
{
    "_id": "BRK.A20230218",
    "title": "",
    "text": "knitting finishing cutting sewing packaging apparel. North American Honduras. cutting sewing Central America Caribbean Asia. European sourced Europe Asia sewn. athletic equipment goods apparel sourced contractors Asia."
}
{
    "_id": "BRK.A20230219",
    "title": "",
    "text": ". cotton. polyester main FOL’s products. fibers purchased third parties supplier. Supply chain disruptions 2021 2022 alternative sources. engaged additional supplier. markets competitive domestic foreign manufacturers distributors. Competition product features quality service price."
}
{
    "_id": "BRK.A20230221",
    "title": "",
    "text": "Garan New York designs manufactures imports sells apparel children infants. sold brands. subsidiaries U. S. Central America Asia. products sold distribution centers. Fechheimer Brothers Company manufactures distributes uniforms public service safety. Cincinnati Ohio."
}
{
    "_id": "BRK.A20230222",
    "title": "",
    "text": "BH Shoe Holdings Group Greenwich manufactures distributes shoes footwear Double-H. Brooks Sports. Seattle Washington markets sells performance footwear apparel retailers consumers Brooks® brand. shoes outside U. S. sold department stores chains specialty stores catalogs Internet retail stores."
}
{
    "_id": "BRK.A20230224",
    "title": "",
    "text": "Duracell Chicago Illinois leading manufacturer alkaline lithium batteries. manufactures U. S. Europe China sales centers. sells retailers distributors. 31% global alkaline battery. raw materials steel zinc manganese nickel."
}
{
    "_id": "BRK.A20230225",
    "title": "",
    "text": "consumer products group Jazwares acquired 2022 Alleghany. Sunrise Florida leading global toy products manufacturer brands Hello Star Adopt. virtual games costumes products pets. sells 100 countries."
}
{
    "_id": "BRK.A20230226",
    "title": "",
    "text": "Richline Group. operates Jewelry Digital LeachGarner Rio Grande Inverness. diamond gem chains artisans manufacturers wholesalers aerospace. Albecca. Suwanee operates U. 11 countries Larson-Juhl®. designs manufactures distributes framing products wood metal moulding matboard foamboard glass supplies. art printing fulfillment."
}
{
    "_id": "BRK.A20230228",
    "title": "",
    "text": "service businesses provide grocery foodservice aviation training shared aircraft ownership electronic components. franchising media logistics. employed 55,000 2023."
}
{
    "_id": "BRK.A20230230",
    "title": "",
    "text": "McLane Company. 50 states discount retailers wholesale clubs drug stores military bases. customers Walmart. 7-Eleven. Yum! Brands. 3%. high volume rapid inventory expense controls. grocery foodservice beverage."
}
{
    "_id": "BRK.A20230231",
    "title": "",
    "text": "McLane’s Temple Texas market share serves national chains outlets. 47,500 locations. operates 26 facilities 20 states."
}
{
    "_id": "BRK.A20230233",
    "title": "",
    "text": "McLane’s Carrollton Texas quick casual products. 47 facilities 22 states. 32,700 restaurants."
}
{
    "_id": "BRK.A20230234",
    "title": "",
    "text": "McLane spirits wine beer. Empire Distributors centers Georgia North Carolina Colorado. 29,200 locations southeastern."
}
{
    "_id": "BRK.A20230236",
    "title": "",
    "text": "FlightSafety International. aviation training simulation. Textron Aviation Training technology training pilots attendants dispatchers business commercial military aircraft. simulators U. S. Australia Brazil Canada France Japan Singapore Norway South Africa U. K. environmental regulations. instructors simulators qualified Federal Aviation Administration agencies."
}
{
    "_id": "BRK.A20230237",
    "title": "",
    "text": "FlightSafety flight simulators visual systems displays devices. airlines government military organizations. facilities Oklahoma Illinois. simulators courseware technology safety standards. invests research development new equipment training programs."
}
{
    "_id": "BRK.A20230239",
    "title": "",
    "text": "NetJets Inc. leader private aviation operates large diverse fleet offers personalized solutions standards. headquarters Columbus Ohio European operations Lisbon Portugal. shared ownership concept needs scale flexibility access large fleet. ownership programs available corporate flight departments capacity."
}
{
    "_id": "BRK.A20230240",
    "title": "",
    "text": "NetJets’ programs safety service guaranteed availability predictable costs liquidity. shared aircraft ownership programs aircraft flight hours annually. offers prepaid flight cards solutions management sales acquisition ground support flight operation Card."
}
{
    "_id": "BRK.A20230241",
    "title": "",
    "text": "NetJets FAA Portuguese Civil Aviation Authority European Union Aviation Safety Agency. registration maintenance qualifications airport operations security. training pilots attendants mechanics specialists represented."
}
{
    "_id": "BRK.A20230243",
    "title": "",
    "text": ". Fort Worth Texas distributor passive electromechanical semiconductor components. base OEMs manufacturers military commercial engineers. distribution agreements suppliers product cost new lines products. operates sales offices distribution centers 100 locations North South Europe Asia."
}
{
    "_id": "BRK.A20230245",
    "title": "",
    "text": "services industries telecommunications medical computers military automotive electronics. businesses design production high-volume. Mouser subsidiary lower internet."
}
{
    "_id": "BRK.A20230247",
    "title": "",
    "text": "XTRA Corporation St. Louis Missouri equipment lessor. manages fleet 90,000 units 47 facilities. trailers temperature-controlled vans flatbed trailers.-road trailers North America. lease seasonal geographic needs purchasing. broad selection quick response times."
}
{
    "_id": "BRK.A20230248",
    "title": "",
    "text": "Dairy Queen. develops 7,500 restaurants DQ Grill Orange dairy desserts beverages foods fruit drinks. Business Wire. transmits news filings photos journalists professionals. NX network. CORT Services rental furniture. revenue retail sales. WPLG. ABC Miami/Ft. Lauderdale. operates WPLG-TV local10. com MeTV South Florida Heroes & Icons Network. Charter Brokerage Holdings. logistics provider petroleum chemical industries."
}
{
    "_id": "BRK.A20230249",
    "title": "",
    "text": "group IPS Services acquired Alleghany 2022. operates globally provides design validation construction controls consulting manufacturing biotech sciences industrial commercial retail industries. services regulations."
}
{
    "_id": "BRK.A20230251",
    "title": "",
    "text": "retailing businesses automotive home furnishings products. employed 26,000 2023. Information."
}
{
    "_id": "BRK.A20230253",
    "title": "",
    "text": "Berkshire Hathaway Automotive. automotive. 108 franchises 83 dealerships. sell used vehicles maintenance service contracts protection aftermarket. arranges financing. operates 31 collision centers two auto auctions fluid maintenance."
}
{
    "_id": "BRK.A20230254",
    "title": "",
    "text": "Dealership Arizona Texas 75%. BHA agreements 27 manufacturers revenue Toyota/Lexus General Motors Ford/Lincoln Nissan Honda. 90% revenue dealerships."
}
{
    "_id": "BRK.A20230255",
    "title": "",
    "text": "retail automotive industry competitive. BHA competition groups franchised dealerships Internet. retail price transparency franchised dealers acquire vehicles location customer service transaction speed."
}
{
    "_id": "BRK.A20230257",
    "title": "",
    "text": "BHA’s relationships with automobile manufacturers governed by framework agreements. provisions management operation acquisition ownership dealerships. Failure dealerships. dealerships manufacturer."
}
{
    "_id": "BRK.A20230258",
    "title": "",
    "text": "dealerships operate under franchise agreements with manufacturer sell vehicles offer parts service market area use trademarks. agreements contain requirements restrictions management termination non-renewal. States franchise laws protection difficult for manufacturer to terminate outside bankruptcy “good cause” law."
}
{
    "_id": "BRK.A20230259",
    "title": "",
    "text": "BHA develops administers vehicle protection life accident health insurance. develops training programs finance insurance personnel."
}
{
    "_id": "BRK.A20230261",
    "title": "",
    "text": "home furnishings Nebraska Furniture Mart. Willey Home Furnishings. Star Furniture Company Jordan’s Furniture. offer furniture bedding accessories. Willey sell household appliances electronics floor coverings financing. costs volume value."
}
{
    "_id": "BRK.A20230262",
    "title": "",
    "text": "NFM complexes. 5 million feet Omaha Clive Kansas Colony Texas. Homemakers Furniture Urbandale Iowa 600,000 square feet. largest retailer. Willey Salt Lake operates ten stores three distribution centers. 1. 3 million feet four Utah Meridian Idaho Nevada Sacramento."
}
{
    "_id": "BRK.A20230263",
    "title": "",
    "text": "Jordan’s eight locations 1 million square feet Massachusetts New Hampshire Rhode Island Maine Connecticut. 800,000 square foot center Taunton. largest retailer Hampshire unique arrangements. 700,000 square feet 10 locations seven Houston."
}
{
    "_id": "BRK.A20230265",
    "title": "",
    "text": "Borsheim Jewelry. Omaha Nebraska. high-volume retailer jewelry watches crystal china stemware flatware gifts collectibles. Helzberg’s Diamond Shops North Kansas City Missouri 166 stores 34 states 400,000 square feet. malls. Ben Bridge Corporation Seattle operates 35 jewelry stores malls nine states. Thirty-three upscale diamonds high-end timepieces. One Breitling Rolex."
}
{
    "_id": "BRK.A20230266",
    "title": "",
    "text": "Candy Shops produces chocolates confectionery quality Los Angeles San Francisco Burlingame. operates 250 stores states 115 seasonal locations. half revenues fourth quarter."
}
{
    "_id": "BRK.A20230268",
    "title": "",
    "text": "Pampered Chef Ltd. seller kitchenware U. S. Canada Germany Austria France China. portfolio 400 items cutlery grilling entertaining. cooking consultants online."
}
{
    "_id": "BRK.A20230269",
    "title": "",
    "text": "Oriental Trading retailer party seasonal arts crafts toys school supplies games. Omaha Nebraska serves four million customers annually consumers schools churches offices. products designs. operates brands Oriental Fun Morris HalloweenExpress. digital print marketing."
}
{
    "_id": "BRK.A20230270",
    "title": "",
    "text": "Louis Motorrad Hamburg leading retailer motorcycle clothing equipment. 50,000 products clothing equipment leisure. 80 stores Germany Austria online languages."
}
{
    "_id": "BRK.A20230272",
    "title": "",
    "text": "Revenue earnings taxes assets Note 26 Financial Statements Item 8. Additional investments fixed maturity equity securities Notes 3 4."
}
{
    "_id": "BRK.A20230273",
    "title": "",
    "text": "December 2023 Berkshire 26. 7% Kraft Heinz 27. 8% Occidental Petroleum Corporation. Heinz manufactures markets food beverage cheese. Occidental energy company oil gas chemicals. purchase market process oil gas carbon. subsidiaries 50% Berkadia Commercial Mortgage. Note 5 Financial Statements."
}
{
    "_id": "BRK.A20230274",
    "title": "",
    "text": "Berkshire website. annual reports corporate governance documents press releases shareholder reports links. reports SEC Form 10-K 10-Q 8-K amendments accessed. Electronic copies accessed. obtained request Berkshire Hathaway. 3555 Farnam Street Omaha NE 68131 Corporate Secretary."
}
{
    "_id": "BRK.A20230277",
    "title": "",
    "text": "Berkshire subsidiaries “we subject risks uncertainties business operations described below. not only. Additional risks unknown immaterial impair operations."
}
{
    "_id": "BRK.A20230279",
    "title": "",
    "text": "acts hurt."
}
{
    "_id": "BRK.A20230280",
    "title": "",
    "text": "nuclear biological chemical losses operations. operations loss life destruction facilities property damage. share risks businesses."
}
{
    "_id": "BRK.A20230281",
    "title": "",
    "text": "."
}
{
    "_id": "BRK.A20230282",
    "title": "",
    "text": "rely on technology. systems subject viruses malicious codes unauthorized access phishing denial-of-service-attacks. expect attacks future. disruption service interruptions safety security events regulatory compliance operational difficulties. Attacks loss assets remediation costs reputational damage."
}
{
    "_id": "BRK.A20230283",
    "title": "",
    "text": "taken steps risks continuity disaster recovery impact analysis disruption intrusion affect results financial condition liquidity. unable acquire develop protect rights new technology competitive disadvantage financial liquidity."
}
{
    "_id": "BRK.A20230284",
    "title": "",
    "text": "Cyber-attacks affect facilities systems information. Political economic financial market instability assets business interruptions lost revenues higher commodity prices fuel lower energy consumption unstable markets security repair costs. risks affect financial results. instability terrorism cyber war capital. share risks businesses."
}
{
    "_id": "BRK.A20230285",
    "title": "",
    "text": "Geopolitical events business securities."
}
{
    "_id": "BRK.A20230286",
    "title": "",
    "text": "risks adverse geopolitical rising conflicts. Government policies actions affect businesses reduced sales costs restricted supply damage loss life. share risks businesses."
}
{
    "_id": "BRK.A20230287",
    "title": "",
    "text": "dependent investment capital decisions."
}
{
    "_id": "BRK.A20230288",
    "title": "",
    "text": "investment capital allocation Warren. Buffett Chairman Chief Executive Officer 93. 2018 Board. Gregory Abel Vice Chairman-insurance. Ajit Jain insurance. Jain report. Buffett. capital."
}
{
    "_id": "BRK.A20230289",
    "title": "",
    "text": "services personnel particularly. Buffett unavailable adverse effect operations. replacement. Berkshire’s Board agreed. Abel replace. Buffett. Board monitors risk could alter view. succession plan managers units mitigate risk."
}
{
    "_id": "BRK.A20230291",
    "title": "",
    "text": "need personnel businesses."
}
{
    "_id": "BRK.A20230292",
    "title": "",
    "text": "decentralized business model management manage changes environments. need personnel serve customers suppliers stakeholders. inability recruit train retain managers affect results financial condition liquidity subsidiaries Berkshire."
}
{
    "_id": "BRK.A20230293",
    "title": "",
    "text": "concentrated equity securities loss."
}
{
    "_id": "BRK.A20230294",
    "title": "",
    "text": "concentrate high equity investments insurance small issuers. decline investments consolidated shareholders’ equity earnings."
}
{
    "_id": "BRK.A20230295",
    "title": "",
    "text": "large equity securities insurance subsidiaries decreases fair values statutory surplus. large surplus competitive advantage-term decline claims-paying new insurance future underwriting profits."
}
{
    "_id": "BRK.A20230296",
    "title": "",
    "text": "Competition technology lower earnings."
}
{
    "_id": "BRK.A20230297",
    "title": "",
    "text": "operating businesses face competition markets. manage growth competitive advantages factors technological changes erode strengthening. future results depend on protecting enhancing advantages. If unsuccessful results may decline."
}
{
    "_id": "BRK.A20230298",
    "title": "",
    "text": "Unfavorable conditions reduce earnings access markets."
}
{
    "_id": "BRK.A20230299",
    "title": "",
    "text": "businesses subject to economic cycles economy industries. deteriorations inflation effect operations. utilities energy business utilize debt depend on access borrowed funds capital markets. access capital restricted cost funding increases operations affected."
}
{
    "_id": "BRK.A20230300",
    "title": "",
    "text": "Epidemics hurt businesses."
}
{
    "_id": "BRK.A20230301",
    "title": "",
    "text": "epidemics pandemics affect operations equity securities portfolio. due to closures restrictions disruption supply chains reduction demand credit losses volatility global markets. share risks with businesses."
}
{
    "_id": "BRK.A20230302",
    "title": "",
    "text": "impact future results."
}
{
    "_id": "BRK.A20230303",
    "title": "",
    "text": "financial markets crises recessions social environmental issues regulatory initiatives adopted United States. banks financial institutions products environmental global-warming. impact businesses varying. Increased regulatory compliance costs operating economic interests. predict financial position results cash flows."
}
{
    "_id": "BRK.A20230304",
    "title": "",
    "text": "Data privacy regulations enacted jurisdictions. security personal information systems networks facilities. Failure reputational damage economic penalties."
}
{
    "_id": "BRK.A20230306",
    "title": "",
    "text": "Climate change impact businesses."
}
{
    "_id": "BRK.A20230307",
    "title": "",
    "text": "climate change regulation GHG emissions businesses. hurricanes floods wildfires extreme weather events risks impacts. frequency extreme weather assets non-insurance produce losses. extreme weather losses insurance operations price risk climate profit risk-transfer needs."
}
{
    "_id": "BRK.A20230308",
    "title": "",
    "text": "GHG policies accelerate transition lower-GHG economy increase costs businesses BNSF BHE 90% Berkshire’s direct emissions. failure climate change financial results."
}
{
    "_id": "BRK.A20230310",
    "title": "",
    "text": "tolerance underwriting risk losses."
}
{
    "_id": "BRK.A20230311",
    "title": "",
    "text": "paid for risk assumed we assume more risk single event than insurer. could incur significant loss from single catastrophe event natural disaster terrorism cyber-attacks. employ underwriting practices mitigate losses correlations avoid policies pre-tax losses $15 billion. losses manifest risk mitigation strategies not. provisions policies risk limitations exclusions coverage not enforceable court nullify void legislation. for insurance losses may lower earnings."
}
{
    "_id": "BRK.A20230312",
    "title": "",
    "text": "principal cost property casualty insurance business claims. policies receive premiums promise pay losses future. decades before claims reported settled. recorded liabilities unpaid losses adequate after balance sheet date. Estimating insurance claim costs imprecise. claims policies. industry practices legal conditions change issues emerge new liability. changes financial obligations coverage beyond underwriting intent. changes apparent after contracts. full extent liability known years after contract. estimated unpaid losses large ($146 billion at December 31, small increase lower earnings."
}
{
    "_id": "BRK.A20230313",
    "title": "",
    "text": "affect operating results allocate capital."
}
{
    "_id": "BRK.A20230314",
    "title": "",
    "text": "insurance businesses regulation in jurisdictions. regulations to types business rates capital restrictions investments. restrict dividend payments to Berkshire. U. S. state international regulators developing regulatory mechanisms large insurance groups group capital liquidity governance risk management. changes in regulations impact results restrict allocate capital."
}
{
    "_id": "BRK.A20230316",
    "title": "",
    "text": "railroad business through BNSF subject to laws regulations rates taxes operations health safety labor environmental matters. Failure business. Governments change BNSF recourse for adverse effects. changes risks capital expenditures."
}
{
    "_id": "BRK.A20230317",
    "title": "",
    "text": "BNSF revenue from transportation energy commodities particularly coal. changes government policies coal revenues earnings. BNSF toxic chemicals hazardous materials. release to claims losses penalties environmental remediation obligations. Changes regulation rail impact determine prices capital improvements operations financial condition liquidity."
}
{
    "_id": "BRK.A20230318",
    "title": "",
    "text": "utilities energy businesses under BHE regulated by federal state foreign authorities. laws regulations complex dynamic subject to. affect. decisions acquiring businesses constructing disposing retiring assets maintaining facilities transmission distribution pipeline safety environmental requirements setting rates establishing capital structures issuing debt managing transactions paying dividends. Failure air quality climate change emissions water quality coal ash disposal changes process financial results."
}
{
    "_id": "BRK.A20230319",
    "title": "",
    "text": "railroad business requires capital investment network. utilities energy businesses require capital construct maintain generation transmission distribution systems. assets operational investment. failure capital projects recoverable through rates. capital improvements funded through debt BNSF BHE. Disruptions debt markets access funding affect operations liquidity capital resources."
}
{
    "_id": "BRK.A20230321",
    "title": "",
    "text": "."
}
{
    "_id": "BRK.A20230323",
    "title": "",
    "text": "Berkshire recognizes processes identifying managing cybersecurity threats. implemented framework cybersecurity information management businesses. framework permits Business Group solutions identify manage mitigate risks risks. framework compliance reporting cyber events risks."
}
{
    "_id": "BRK.A20230324",
    "title": "",
    "text": "Business Group’s Chief Officer senior management cybersecurity program risks. reports shared with Berkshire’s internal audit group risk management. incident reporting process cybersecurity events Berkshire. third parties assess audit educate implement cybersecurity."
}
{
    "_id": "BRK.A20230326",
    "title": "",
    "text": "Berkshire Business Groups rely on third-party providers products. dependence exposes us impact cyber-attack. cyber-attack financial operational reputational Berkshire. monitor risks providers."
}
{
    "_id": "BRK.A20230327",
    "title": "",
    "text": "Audit Committee Berkshire’s cybersecurity risk program. receives reports cybersecurity incidents. cybersecurity trends deficiencies. approves updates workplan internal audit group technology cybersecurity risks. procedures penetration testing attack simulations vulnerability assessments reviews audits. determined senior management."
}
{
    "_id": "BRK.A20230328",
    "title": "",
    "text": "Audit oversight senior management Berkshire’s Businesses Groups information systems. Group cybersecurity events Berkshire. management reviews SEC."
}
{
    "_id": "BRK.A20230330",
    "title": "",
    "text": "properties summarized. railroad utilities energy utilize physical assets."
}
{
    "_id": "BRK.A20230332",
    "title": "",
    "text": "BNSF Railway operates 32,500 miles 28 states three provinces. owns 23,000 route miles 9,000 miles trackage rights tracks. December 31, 2023 Railway system 50,000 miles track."
}
{
    "_id": "BRK.A20230333",
    "title": "",
    "text": "BNSF operates facilities transportation infrastructure locomotives freight cars. owns leases equipment. facilities include yards terminals locomotive shops operations center computers telecommunications signal systems. Transfer facilities rail-to-rail intermodal transfer 25 intermodal hubs. owns 7,500 locomotives 72,800 freight cars."
}
{
    "_id": "BRK.A20230334",
    "title": "",
    "text": "BNSF properties. 2023 recorded $2. 5 billion repairs."
}
{
    "_id": "BRK.A20230347",
    "title": "",
    "text": "BHE’s energy properties electricity natural gas businesses. generation transmission distribution coal mining assets. natural gas distribution pipelines storage gas compressor stations meter stations. transmission distribution assets within utility service territories. rights-of-way mineral water rights. properties pledged encumbered security subsidiary debt.BHE affiliates facilities December 31, 2023 Source Capacity Capacity Wind MEC Renewables Wyoming Texas Nebraska California Illinois Oregon Kansas Natural gas Utah Iowa Illinois Washington Wyoming Oregon New York Texas Arizona Canada,250,971 Coal Colorado Montana,174 Solar Australia Texas Arizona Iowa Minnesota Nevada,120 Hydroelectric Oregon Idaho Utah Hawaii Montana Illinois Wyoming Nuclear Geothermal Utah,764"
}
{
    "_id": "BRK.A20230348",
    "title": "",
    "text": "Net Capacity represents ratings limitations interconnection power purchase intermittent resources total capability summer. intermittent rating manufacturer’s capability. Net Owned Capacity ownership."
}
{
    "_id": "BRK.A20230349",
    "title": "",
    "text": "December 2023 subsidiaries electric facilities Nevada Wyoming California 1,284 MW. battery storage Nevada 220 MW construction 100 MW."
}
{
    "_id": "BRK.A20230350",
    "title": "",
    "text": "MEC NV Energy 27,900 miles 1,670 substations gas 28,500 miles."
}
{
    "_id": "BRK.A20230351",
    "title": "",
    "text": "Northern Powergrid 17,100 miles 44,000 miles underground 790 substations. 8,300 miles 310 substations."
}
{
    "_id": "BRK.A20230353",
    "title": "",
    "text": "BHE GT&S system 5,400 miles natural gas storage Maryland New York Ohio Pennsylvania West South Carolina Georgia. 17 underground storage fields. 75% gas export facility Maryland three facilities Alabama Florida Pennsylvania."
}
{
    "_id": "BRK.A20230354",
    "title": "",
    "text": "Northern system 14,200 miles gas 5,800 mainline transmission 8,400 miles branch. Iowa Nebraska Minnesota Wisconsin South Dakota Michigan Illinois Kansas Texas Oklahoma New Mexico. Storage Iowa two Kansas two units Minnesota."
}
{
    "_id": "BRK.A20230355",
    "title": "",
    "text": "1,400 miles gas pipelines Wyoming Rocky Mountains California."
}
{
    "_id": "BRK.A20230357",
    "title": "",
    "text": "PTC 600 travel. Pilot Flying J 90% 10%. 12 fuel 37 mixing 47 cardlock ethanol plant water disposal oil."
}
{
    "_id": "BRK.A20230383",
    "title": "",
    "text": "properties Berkshire’s business segments summarized Properties Business type Insurance GEICO. claims centers####91 BHRG.####34 25 countries BH Primary.####55. 8 countries Manufacturing.####178####461/Showroom####208 subdivisions. 61 countries####102/Warehouses####437 Service. facilities/Hangars####86/Distribution####140 facilities/Showroom/Retail####38. 18 countries facilities McLane. centers####28 Retailing.####25####467. 7 countries/Offices/Warehouses"
}
{
    "_id": "BRK.A20230386",
    "title": "",
    "text": "Berkshire subsidiaries parties legal actions liability insurance reinsurance contracts. Plaintiffs seek punitive exemplary damages. believe litigation financial condition results operations."
}
{
    "_id": "BRK.A20230387",
    "title": "",
    "text": "to Note 27 Consolidated Financial Statements litigation Berkshire subsidiaries. subsidiaries involved in legal actions assert claims impose fines penalties. liability actions financial condition results."
}
{
    "_id": "BRK.A20230389",
    "title": "",
    "text": "mine safety violations Dodd-Frank Reform Act Exhibit 95 10-K."
}
{
    "_id": "BRK.A20230396",
    "title": "",
    "text": "officers. Buffett Gregory. Abel Chairman Non-Insurance Operations Ajit Jain Insurance Marc. Hamburg Vice-President Chief Financial Officer"
}
{
    "_id": "BRK.A20230397",
    "title": "",
    "text": "executive officer serves by-laws Registrant first meeting Board Directors successor chosen dies resigns disqualified."
}
{
    "_id": "BRK.A20230399",
    "title": "",
    "text": "Investors cautioned statements document press releases oral statements Berkshire officials “forward-looking” Private Securities Litigation Reform Act 1995. statements include predictive future events “expects. statements future financial performance business strategies future Berkshire actions. based on expectations projections subject to risks uncertainties assumptions Berkshire subsidiaries economic market factors industries. not guarantees future performance no intention update."
}
{
    "_id": "BRK.A20230400",
    "title": "",
    "text": "events results differ from statements due to factors. risk factors performance include changes prices fixed maturity equity securities losses from derivative contracts catastrophic events conflict terrorism cyber-attack losses epidemics pandemics outbreaks results access to borrowed funds changes laws regulations insurance utilities energy finance federal income tax laws economic market factors prices securities industries."
}
{
    "_id": "BRK.A20230402",
    "title": "",
    "text": "Equity Security Purchases Securities"
}
{
    "_id": "BRK.A20230404",
    "title": "",
    "text": "Berkshire’s B stock New York Stock Exchange symbols."
}
{
    "_id": "BRK.A20230407",
    "title": "",
    "text": "Berkshire 1,200 A 18,000 B February 12 2024. 323,000 A 1,307,000,000 B owners."
}
{
    "_id": "BRK.A20230409",
    "title": "",
    "text": "Berkshire 1967."
}
{
    "_id": "BRK.A20230421",
    "title": "",
    "text": "stock repurchase program permits Class A B shares Warren Buffett repurchase price below intrinsic value. Repurchases open market privately transactions. A B common stock repurchased fourth quarter 2023. shares purchased price paid per share repurchased October Class A common stock#522,756. B common stock November#536,048. B common stock. December A#541,062. B common stock"
}
{
    "_id": "BRK.A20230422",
    "title": "",
    "text": "program maximum Berkshire Class A B no expiration date. Berkshire repurchase stock reduce consolidated cash equivalents. Treasury Bills less $30 billion."
}
{
    "_id": "BRK.A20230425",
    "title": "",
    "text": "chart $100 Berkshire stock Standard Poor’s 500 Index Property Casualty Insurance Index."
}
{
    "_id": "BRK.A20230426",
    "title": "",
    "text": "return Standard Poor’s indices."
}
{
    "_id": "BRK.A20230427",
    "title": "",
    "text": "difficult develop peer group Berkshire. owns subsidiaries property insurance. Standard Poor’s Property Casualty Insurance Index."
}
{
    "_id": "BRK.A20230430",
    "title": "",
    "text": "Discussion Financial Operations"
}
{
    "_id": "BRK.A20230443",
    "title": "",
    "text": "earnings Berkshire Hathaway shareholders past three years disaggregated. taxes noncontrolling interests. Insurance,428 BNSF Berkshire Hathaway Energy Pilot Travel Centers Manufacturing service retailing,120 Non businesses Investment gains,612,340 Net earnings Berkshire Hathaway shareholders,223,759"
}
{
    "_id": "BRK.A20230445",
    "title": "",
    "text": "Berkshire 20% 50%."
}
{
    "_id": "BRK.A20230446",
    "title": "",
    "text": "subsidiaries business activities. manage businesses decentralized. few centralized functions. senior management team capital allocation investment selection Chief Executive. business segment data 26 Financial Statements read."
}
{
    "_id": "BRK.A20230447",
    "title": "",
    "text": "businesses impacted by actions COVID-19 virus global geopolitical conflicts supply chain disruptions actions inflation. predict future economic effects."
}
{
    "_id": "BRK.A20230448",
    "title": "",
    "text": "earnings $5. 4 billion 2023 losses $30 million 2022 $870 million 2021. losses GEICO premium claims. 2021 losses $2. 4 billion $2. 3 billion. claims costs GEICO. Earnings increased $60 million 2022 $142 million 2021."
}
{
    "_id": "BRK.A20230449",
    "title": "",
    "text": "earnings increased $3. billion. 2023 $1. billion 2022. 9%). short-term interest rates earnings."
}
{
    "_id": "BRK.A20230450",
    "title": "",
    "text": "earnings BNSF declined. 4% 2023 unchanged 2021. freight volumes non costs fuel. 2022 higher revenue offset freight higher fuel costs."
}
{
    "_id": "BRK.A20230451",
    "title": "",
    "text": "After-tax earnings utilities energy declined. 3% 2023 increased 9. 3% 2021. 2023. utilities wildfire loss estimates lower real estate brokerage. increase 2022 earnings natural gas lower real estate brokerage."
}
{
    "_id": "BRK.A20230452",
    "title": "",
    "text": "Note 2 increased ownership PTC. 6% 80% January 31, 2023 consolidating February 1, 2023. 2021 2022 earnings. equity non-controlled businesses."
}
{
    "_id": "BRK.A20230456",
    "title": "",
    "text": "Earnings manufacturing service retailing increased 2. 0% 2023 12. 5% 2021. Earnings reflected increases non-insurance businesses acquired 2022 offset lower earnings service retailing. results 2022 mixed. customer demand good demand continued 2023."
}
{
    "_id": "BRK.A20230457",
    "title": "",
    "text": "Investment derivative contract gains three years equity securities unrealized gains losses market price changes. gains losses meaningless results performance. caused volatility earnings. after-tax non-cash remeasurement gain $2. 4 billion first quarter 2023 38. 6% interest PTC accounting method."
}
{
    "_id": "BRK.A20230458",
    "title": "",
    "text": "earnings exchange gains $200 million 2023 $1. billion 2022. billion 2021 non. debt Berkshire."
}
{
    "_id": "BRK.A20230460",
    "title": "",
    "text": "management views insurance businesses underwriting investing. Underwriting unit managers Chairman CEO Warren. Buffett investment managers. underwriting without investment income gains losses. income insurance results. investment gains losses non-operating. not meaningful results."
}
{
    "_id": "BRK.A20230461",
    "title": "",
    "text": "catastrophe reinsurance. pre-tax losses $150 million. 2023 cyclone floods New Zealand hailstorm Italy. 2022 Hurricane Ian floods Australia 2021 Hurricane Ida Europe Winter."
}
{
    "_id": "BRK.A20230462",
    "title": "",
    "text": "unpaid losses expenses affect underwriting results. Unpaid loss estimates $146 billion December 2023 $143 billion 2022. include foreign currency gains losses non. Dollar liabilities. rate fluctuations."
}
{
    "_id": "BRK.A20230463",
    "title": "",
    "text": "insurance reinsurance property casualty life health. GEICO Berkshire Hathaway Primary. acquired Alleghany Corporation October 2022. insurance RSUI. CapSpecialty. reinsurance Transatlantic Reinsurance Company. Alleghany Insurance BH Primary TransRe Group BHRG."
}
{
    "_id": "BRK.A20230464",
    "title": "",
    "text": "strive pre-tax earnings premiums insurance losses expenses categories except retroactive reinsurance. Time-value-money prices. receive premiums contract available investment. claim payments decades exceed premiums losses deferred amortization liability discount accretion."
}
{
    "_id": "BRK.A20230477",
    "title": "",
    "text": "insurance summarized millions. pre-tax earnings 2022 2021 revised ASU 2018-12. GEICO,635 Berkshire Hathaway Primary Group Hathaway Reinsurance Group Pre earnings Income taxes noncontrolling interests Net earnings,428 income tax rate."
}
{
    "_id": "BRK.A20230479",
    "title": "",
    "text": "."
}
{
    "_id": "BRK.A20230489",
    "title": "",
    "text": "GEICO writes private automobile insurance 50 states District Columbia. markets policies direct response apply Internet telephone. operates agency homeowners renters insurance. summary underwriting results millions. Premiums written,107,395 Premiums earned,264. Losses adjustment expenses.,999. Underwriting expenses,815.,448. Total losses expenses.,864######104. Pre-tax underwriting earnings,880"
}
{
    "_id": "BRK.A20230490",
    "title": "",
    "text": "pre-tax earnings 2023 premiums lower claims frequencies estimates advertising costs. claims severities repair labor costs medical inflation. losses 2022 higher frequencies severities cost inflation. GEICO sought rate increases 2022 2023. reduced advertising expenditures policies-force."
}
{
    "_id": "BRK.A20230492",
    "title": "",
    "text": "written $730 million. 9%) 2023. 8%) rate.-force. earned increased $280 million. 7% 2023."
}
{
    "_id": "BRK.A20230493",
    "title": "",
    "text": "expenses decreased $4. 5 billion (12. 4% 2023. loss ratio 81. 0% 12. points. higher premiums lower claims frequencies claims estimates severities."
}
{
    "_id": "BRK.A20230498",
    "title": "",
    "text": "Claims frequencies 2023 lower property damage collision eight increased bodily injury two. severities higher all coverages property damage collision bodily injury seven. expenses $1. 5 billion 2023 $653 million 2022. reductions. 2022 offset property damage."
}
{
    "_id": "BRK.A20230499",
    "title": "",
    "text": "Underwriting expenses declined $752 million. 5% 2023. ratio 9. 7%. reduced advertising expenses improved leverage. earnings insurance agency expenses."
}
{
    "_id": "BRK.A20230501",
    "title": "",
    "text": "written increased $712 million. 9%) 2022 rate offset policies-force. Voluntary policies-force declined. 9% average premiums increased. 5%. earned increased $1. 3 billion. 4% GEICO Giveback program reduction April October."
}
{
    "_id": "BRK.A20230502",
    "title": "",
    "text": "expenses increased $5. 3 billion (17. 1%) 2021. loss ratio 93. 1% 2022. claims severities loss."
}
{
    "_id": "BRK.A20230503",
    "title": "",
    "text": "Claims frequencies higher property damage bodily injury collision personal injury. severities higher property damage collision bodily injury. expenses $653 million 2022 $1. 8 billion 2021. $400 million Hurricane Ian $375 million Hurricane Ida 2021."
}
{
    "_id": "BRK.A20230504",
    "title": "",
    "text": "Underwriting expenses decreased $881 million. 2%) advertising employee costs. expense ratio 11. 7%. 8 higher premiums."
}
{
    "_id": "BRK.A20230514",
    "title": "",
    "text": "Berkshire Hathaway Primary Group commercial insurance healthcare workers’ compensation automobile liability property specialty coverages. insurers Hathaway Specialty Insurance Homestate MedPro Group GUARD National Indemnity Company Direct U. Liability Insurance Company. includes RSUI CapSpecialty October 2022. Premiums Premiums earned,129. Losses expenses,224. Underwriting expenses. Total losses expenses,755.,353.,968. Pre-tax underwriting earnings"
}
{
    "_id": "BRK.A20230519",
    "title": "",
    "text": "increased $3. billion (24. 1%) 2023. RSUI CapSpecialty$2. BHSI. increased $2. billion. 1%) 2022 BHSI USLI BHHC MedPro Group (10%) RSUI CapSpecialty$435 million."
}
{
    "_id": "BRK.A20230520",
    "title": "",
    "text": "expenses increased. billion. 2023 2022. billion. loss ratio decreased. lower losses catastrophes business RSUI CapSpecialty."
}
{
    "_id": "BRK.A20230521",
    "title": "",
    "text": "losses catastrophes $37 million 2023 $641 million 2022. $537 million 2023 $428 million 2022 medical liability property losses. 2021 losses $433 million $631 million."
}
{
    "_id": "BRK.A20230522",
    "title": "",
    "text": "insurers workers’ compensation commercial liability insurance costs high severity claim-tails. liabilities adverse rulings."
}
{
    "_id": "BRK.A20230523",
    "title": "",
    "text": "Underwriting expenses $1. billion. $603 million (21. 1%). premiums business mix RSUI CapSpecialty."
}
{
    "_id": "BRK.A20230525",
    "title": "",
    "text": "Berkshire Hathaway Reinsurance offers excess quota-share subsidiaries General Reinsurance Corporation TransRe Group. life health Berkshire Hathaway Life Insurance Company Nebraska. assume risks retroactive contracts NICO annuity contracts BHLN."
}
{
    "_id": "BRK.A20230534",
    "title": "",
    "text": "summary premiums pre-tax results millions. ASU 2018-12 increased earnings $76 million 2022 reduced losses $175 million 2021. earned-tax earnings (loss Property/casualty,740,180 Life/health,072,224 Retroactive reinsurance(1,541 Periodic payment annuity Variable annuity,010,179"
}
{
    "_id": "BRK.A20230548",
    "title": "",
    "text": "property/casualty reinsurance results millions. Premiums written,149 Premiums earned.,740. Losses adjustment expenses,664.,605. Underwriting expenses.,255. Total losses expenses,430.,860.,073. Pre-tax underwriting earnings"
}
{
    "_id": "BRK.A20230549",
    "title": "",
    "text": "2023 increased. 8% 2022 19. $5. 3 billion $1. billion TransRe. 2023 $1. 1 billion (7. 1%) 12. 9%. new property business higher rates. property retrocede risks. earnings catastrophe loss."
}
{
    "_id": "BRK.A20230550",
    "title": "",
    "text": "expenses $2. billion 2023 $727 million 2022. ratio declined. $3. 2 billion $638 million. decreased $509 million. $89 million. Losses catastrophes $900 million 2023 $2. billion 2022 $2. billion. $1. 4 billion 2023 $1. 6 billion 2022 $718 million casualty losses."
}
{
    "_id": "BRK.A20230551",
    "title": "",
    "text": "expenses increased $2. billion 2023. ratio increased. declined. foreign currency rates non. liabilities business mix TransRe Group. losses $189 million 2023 gains $371 million 2022 $173 million 2021."
}
{
    "_id": "BRK.A20230561",
    "title": "",
    "text": "summary life/health reinsurance results millions. Premiums written Premiums earned,072.,224. Life health benefits.,112. Underwriting expenses,125.####19. Total benefits expenses####93.,115####97. Pre underwriting earnings (loss"
}
{
    "_id": "BRK.A20230562",
    "title": "",
    "text": "earnings 2023 $134 million. reinsurance contracts reduced premiums $164 million expenses $298 million. premiums unchanged benefits decreased. 3%. underwriting expense ratio increased. commutations."
}
{
    "_id": "BRK.A20230567",
    "title": "",
    "text": "Premiums declined $436 million. 8%) volume Asia-Pacific. benefits declined $637 million (13. 4% pandemic claims. Africa India Latin America."
}
{
    "_id": "BRK.A20230569",
    "title": "",
    "text": "losses reinsurance deferred charges. losses $57 million 2023 $168 million 2022 $58 million 2021. losses $1. billion 2023 $836 million $840 million 2021."
}
{
    "_id": "BRK.A20230570",
    "title": "",
    "text": "liabilities increased $1. 1 billion quarter 2023 losses $650 million. asbestos environmental. increased $86 million 2022 reduced $974 million 2021. reductions earnings $142 million."
}
{
    "_id": "BRK.A20230571",
    "title": "",
    "text": "losses $34. 6 billion 2023 $768 million. Unamortized deferred charges $9. 5 billion $375 million. Deferred amortization earnings."
}
{
    "_id": "BRK.A20230573",
    "title": "",
    "text": "payment annuity business price demand sensitive supply settlements. volumes change prices competition. 2022 prices declined not written new business."
}
{
    "_id": "BRK.A20230574",
    "title": "",
    "text": "annuity contracts losses liabilities. losses $60 million 2023 gains $71 million 2022 losses $18 million 2021."
}
{
    "_id": "BRK.A20230575",
    "title": "",
    "text": "losses $590 million 2023 $694 million 2022 $554 million 2021. $130 million reinsurance. Discounted annuity liabilities $15. 2 billion December 2023 $4. billion life contingencies. adopted ASU 2018-12 January 2023 adjustments."
}
{
    "_id": "BRK.A20230577",
    "title": "",
    "text": "variable annuity contracts $233 million 2023 $467 million 2022 $169 million 2021. interest. contracts run-off."
}
{
    "_id": "BRK.A20230589",
    "title": "",
    "text": "summary net investment income insurance operations millions. change Dividend income,500,060. Interest investment income. Pre investment income. Income taxes noncontrolling interests Net investment income#9,567#4,807 income tax rate."
}
{
    "_id": "BRK.A20230591",
    "title": "",
    "text": "."
}
{
    "_id": "BRK.A20230592",
    "title": "",
    "text": "Dividend income declined $539 million. 9%) 2023 increased $979 million (19. 3% 2021. reduction dispositions higher dividend rates. increase equity. $34 million 2023 $46 million 2022 $121 million 2021 BHE stock. deducted earnings. varies portfolio."
}
{
    "_id": "BRK.A20230593",
    "title": "",
    "text": "income increased $4. billion 2023 $1. 1 billion 2022. interest rates Alleghany’s insurance subsidiaries. balances short-term investments. Treasury Bills. liquidity safety yield."
}
{
    "_id": "BRK.A20230594",
    "title": "",
    "text": "assets insurance shareholder capital liabilities contracts. unpaid losses expenses retroactive reinsurance life annuity health unearned premiums reduced insurance premiums reinsurance receivables deferred charges costs. discount rate changes excluded float. Float $169 billion 2023 $164 billion 2022 $147 billion 2021. gains 2023 2021 cost float negative. losses 2022 $22 million cost float nominal."
}
{
    "_id": "BRK.A20230602",
    "title": "",
    "text": "cash investments insurance December 2023 2022. Cash equivalents. Treasury Bills Equity securities maturity securities,998,303,165"
}
{
    "_id": "BRK.A20230612",
    "title": "",
    "text": "maturity investments December 31, 2023 millions. Cost Gains Value. Treasury. agencies,300 Foreign governments Corporate bonds,386,617"
}
{
    "_id": "BRK.A20230613",
    "title": "",
    "text": ". government obligations rated AA+. 95% foreign government obligations rated AA. securities national provincial."
}
{
    "_id": "BRK.A20230632",
    "title": "",
    "text": "Burlington Northern Santa Fe operates largest North America 32,500 miles 28 states. operates three Canadian provinces. classifies business groups consumer industrial agricultural coal. summary earnings millions. change Railroad revenues,474,203. expenses Compensation benefits,253######4,696. Fuel,766. Purchased services. Depreciation amortization. Equipment rents materials,147######1,763. Total,702.Railroad earnings,811 Interest expense(1,048 Other revenues Pre-tax earnings Income taxes Net earnings,087 income tax rate."
}
{
    "_id": "BRK.A20230640",
    "title": "",
    "text": "summary freight volumes business group/units thousands. change Consumer products,202#5,673. Industrial products#1,605#1,709. Agricultural products,165,200#1,224. Coal#1,468#1,529.#9,549,135. 7."
}
{
    "_id": "BRK.A20230642",
    "title": "",
    "text": "Railroad revenues declined. 2023 volume. 7% revenue car. 6% lower fuel surcharge price. Pre-tax earnings $6. billion. 2% lower non costs."
}
{
    "_id": "BRK.A20230646",
    "title": "",
    "text": "revenues declined. 2023 $7. 9 billion 2022 volume decrease. 4% lower revenue car/unit. lower shipments imports loss customer rates demand. offset automotive volume production."
}
{
    "_id": "BRK.A20230647",
    "title": "",
    "text": "revenues $5. 7 billion 2023. 8% 2022 car volume decrease. 8%. demand chemicals plastics minerals paper lumber steel."
}
{
    "_id": "BRK.A20230648",
    "title": "",
    "text": "revenues. $5. 6 billion 2023 volume. 9% higher revenue car. lower grain exports domestic renewable diesel."
}
{
    "_id": "BRK.A20230649",
    "title": "",
    "text": "revenues coal declined. 4% $3. 8 billion 2023. 0% revenue. demand lower gas prices."
}
{
    "_id": "BRK.A20230650",
    "title": "",
    "text": "Railroad expenses. billion 2023 $541 million. 3%. revenues. 68. 4%. Fuel expenses declined $897 million. 6% prices improved efficiency. Compensation benefits expenses $247 million. 7% headcount wage inflation. revenues 90%."
}
{
    "_id": "BRK.A20230652",
    "title": "",
    "text": "Railroad revenues increased. 9% 18. 9% car/unit surcharge lower volumes. 8%. pre-tax earnings decreased 1. 9%. lower volumes offset yield surcharge."
}
{
    "_id": "BRK.A20230653",
    "title": "",
    "text": "revenues. 2022 $9. 2 billion 2021 revenue volume decrease. 3%. lower intermodal shipments West Coast imports."
}
{
    "_id": "BRK.A20230654",
    "title": "",
    "text": "revenues industrial $5. 6 billion 2022. 6% 2021 revenue car offset volume decrease. 3%. petroleum crude building steel mineral."
}
{
    "_id": "BRK.A20230655",
    "title": "",
    "text": "revenues. $5. 7 billion 2022. car offset volumes. decrease grain exports fertilizer shipments renewable diesel feedstocks."
}
{
    "_id": "BRK.A20230656",
    "title": "",
    "text": "coal. $3. 9 billion 2022 revenue. volumes unchanged."
}
{
    "_id": "BRK.A20230657",
    "title": "",
    "text": "Railroad expenses $16. 6 billion 2022 $2. 9 billion. 2%) 2021. revenues increased. 65. 9%. fuel benefits. increased $557 million. 9%) wage inflation health welfare costs productivity. Fuel $1. 8 billion. 6% fuel prices volumes. Equipment rents materials expenses $384 million. 8%) inflation higher casualty costs."
}
{
    "_id": "BRK.A20230661",
    "title": "",
    "text": "own 92% Berkshire Hathaway Energy Company global energy. interests PacifiCorp MidAmerican Energy Company NV Energy. natural gas pipelines five interstate liquefied gas export import storage facility. Alberta renewable unregulated retail. residential real estate brokerage franchises States."
}
{
    "_id": "BRK.A20230682",
    "title": "",
    "text": "rates energy services based costs taxes return capital subject regulatory approval. costs results. summary BHE’s net earnings millions.Revenues Energy,280 Real estate,215 Other income Total revenue,096 Costs Energy cost sales expenses Real estate costs Interest expense Total costs expenses,803 Pre earnings,293 Income tax benefit Net earnings taxes Noncontrolling interests BHE subsidiaries Net earnings BHE,047 stock dividends earnings Berkshire Hathaway shareholders income tax rate."
}
{
    "_id": "BRK.A20230684",
    "title": "",
    "text": "tax credits wind."
}
{
    "_id": "BRK.A20230693",
    "title": "",
    "text": "discussion BHE’s results based after-tax earnings energy businesses. summary net earnings BHE (dollars millions. change U. S. utilities#906,295,211. Natural gas pipelines. Other energy businesses,356######987. Real estate brokerage. Corporate interest other(439.#2,610,352,047."
}
{
    "_id": "BRK.A20230698",
    "title": "",
    "text": ". utilities Oregon Utah Wyoming Iowa Illinois Nevada.-tax earnings decreased $1. 4 billion 2023 2022. energy expenses pre-tax loss $1. 6 billion wildfires 2020 2022 California. 27. interest expense lower utility margin. offset interest income lower depreciation amortization expense."
}
{
    "_id": "BRK.A20230699",
    "title": "",
    "text": ". margin $7. 5 billion 2023 $170 million. 2%) 2022. volumes wholesale rates increased energy costs retail rates. volumes decreased. 8%. PacifiCorp. Energy. 3% MEC weather higher usage average."
}
{
    "_id": "BRK.A20230700",
    "title": "",
    "text": "earnings natural gas pipelines increased $39 million (3. 8%) 2023 2022. 50% Cove Point gas September 1 2023 expenses."
}
{
    "_id": "BRK.A20230701",
    "title": "",
    "text": "-tax earnings decreased $332 million (24. 5% 2023 2022. earnings Northern Powergrid unfavorable natural gas write-off lower production deferred tax Energy Profits Levy. renewable energy retail services. lower income tax benefits operating expenses lower solar wind generation debt extinguishment gains."
}
{
    "_id": "BRK.A20230702",
    "title": "",
    "text": "earnings real estate brokerage decreased $87 million. 2023 2022. revenues margins 19% reduction 28% decrease. rising interest rates home sales."
}
{
    "_id": "BRK.A20230703",
    "title": "",
    "text": "earnings increased $27 million 2023 tax adjustments expense April 2022 debt issuance."
}
{
    "_id": "BRK.A20230705",
    "title": "",
    "text": ". utilities earnings increased $84 million 2022 2021. margin $157 million production tax credits wind PacifiCorp MEC expenses taxes. regulatory MEC NV Energy maintenance depreciation pre loss accruals $60 million Wildfires."
}
{
    "_id": "BRK.A20230706",
    "title": "",
    "text": ". electric margin $7. billion 2022 $586 million. 3% 2021. revenue pricing volumes offset thermal generation power costs. volumes increased. 4%. 3% MEC. 2% Energy higher customer usage average weather."
}
{
    "_id": "BRK.A20230710",
    "title": "",
    "text": "gas after-tax earnings increased $233 million 2022 2021. BHE GT&S storage non income tax adjustments."
}
{
    "_id": "BRK.A20230711",
    "title": "",
    "text": "energy after-tax earnings increased $369 million 2022 2021. due wind tax $200 million income tax expense $109 million corporate income tax 19% 25% April 1, 2023. renewable energy new gas solar offset lower earnings natural gas foreign currency translation. wind tax losses increased income tax benefits."
}
{
    "_id": "BRK.A20230712",
    "title": "",
    "text": "earnings decreased $287 million 2022 2021. revenues 11% reduction mortgage 40% decrease homeowner refinancing rising interest rates."
}
{
    "_id": "BRK.A20230713",
    "title": "",
    "text": "earnings decreased $94 million 2022. tax higher interest expense debt."
}
{
    "_id": "BRK.A20230715",
    "title": "",
    "text": "PTC operates travel centers Pilot Flying J fuel retail locations. wholesale marketing platforms. revenues marketing activities."
}
{
    "_id": "BRK.A20230716",
    "title": "",
    "text": "2023 owned 38. 6% interest PTC equity. 6% earnings 2022 2021 equity Consolidated Statements Earnings. earnings non businesses page K-56."
}
{
    "_id": "BRK.A20230726",
    "title": "",
    "text": "January 2023 acquired. 4% PTC 80%. Statements Earnings February 1, 2023. earnings eleven months. Months Revenues,739 Cost Operating expenses Interest Pre earnings Income taxes interests earnings Hathaway shareholders"
}
{
    "_id": "BRK.A20230733",
    "title": "",
    "text": "consolidated pre earnings 2023 2022 summarized. Revenues costs expenses 2022 first 2023 Statements eleven months 2023 Statements. Change Revenues,756,739. Cost sales,196,602. Operating expenses. Interest expense. Pre-tax earnings."
}
{
    "_id": "BRK.A20230737",
    "title": "",
    "text": "revenues diesel gasoline. Revenues $56. 8 billion decline $16. billion. 2022. lower prices. sold 16. 2 billion gallons 18. 4 billion 2022. decline wholesale marketing. lower. Depreciation amortization expense $832 million $436 million 2022. accounting February 2023. Interest expense increased $213 million higher rates."
}
{
    "_id": "BRK.A20230753",
    "title": "",
    "text": "summary revenues earnings manufacturing service retailing businesses (dollars millions. change Revenues Manufacturing,405. Service retailing,282.,008,293#153,012. Pre earnings Manufacturing,445,177#9,841. Service retailing,042######4,711.,552. Income taxes noncontrolling interests Net earnings,759#12,512 income tax rate. Pre earnings percentage revenues."
}
{
    "_id": "BRK.A20230755",
    "title": "",
    "text": "Excludes acquisition expenses amortization assets acquisitions.-tax expenses $693 million 2023 $681 million 2022 $690 million 2021. K-35 table K-57."
}
{
    "_id": "BRK.A20230773",
    "title": "",
    "text": "manufacturing group includes industrial building consumer businesses. summary revenues pre earnings millions. change Revenues Industrial products,884,824,176. Building products,896######24,974. Consumer products,061######15,580.,405#75,781 Pre earnings Industrial products#4,862#4,469. Building products,390. Consumer products.,445,177 Pre-tax earnings percentage revenues Industrial products. Building products. Consumer products."
}
{
    "_id": "BRK.A20230778",
    "title": "",
    "text": "industrial products group metal aerospace power Castparts. chemicals Lubrizol cutting tools Marmon 100 businesses eleven groups equipment leasing intermodal mobile crane industries. equipment livestock agricultural industries diverse markets Fetzer LiquidPower. October 2022 structural steel W&W|AFCO Steel Alleghany acquisition. manufacturers Marmon."
}
{
    "_id": "BRK.A20230780",
    "title": "",
    "text": "2023 $4. billion. 2%) pre-tax earnings $824 million. 9%). Pre-tax earnings. 3%."
}
{
    "_id": "BRK.A20230781",
    "title": "",
    "text": "revenues $9. 3 billion 2023 $1. 7 billion. 7% 2022. aerospace. increase higher demand power. forecasts growth demand air travel aerospace."
}
{
    "_id": "BRK.A20230782",
    "title": "",
    "text": "pre-tax earnings $1. 5 billion 2023 increase. 0% 2022. improved results sales manufacturing efficiencies aerospace offset losses energy. manufacturing safety increasing demand. growth production aerospace demand."
}
{
    "_id": "BRK.A20230783",
    "title": "",
    "text": "revenues $6. 4 billion 2023. 0% 2022. 7. 9% foreign currency offset higher prices. decline market weakness inventory."
}
{
    "_id": "BRK.A20230784",
    "title": "",
    "text": "pre-tax earnings 2023 unchanged 2022. recoveries $11 million $242 million 2022 fires Rockton Rouen. higher higher prices product raw material costs lower sales volumes higher operating expenses."
}
{
    "_id": "BRK.A20230785",
    "title": "",
    "text": "revenues $11. 9 billion 2023 $1. 2 billion. 6% 2022. Emissions. increase. Rail Leasing Water Technologies Medical Metal Services Crane Services volumes pricing improvements. Electrical Metal Plumbing Refrigeration impacted lower metals prices Transportation Products reduced demand."
}
{
    "_id": "BRK.A20230786",
    "title": "",
    "text": "pre-tax earnings increased. 1%. acquisitions $90 million losses $90 million shutdown Rail Leasing. eight groups increased. Rail Leasing Water Technologies Plumbing Refrigeration lower Electrical Metals Services Medical."
}
{
    "_id": "BRK.A20230790",
    "title": "",
    "text": "revenues increased 8. 0% $4. 0 billion 2023 2022. acquisitions sales growth higher interest income lower revenues Asia-Pacific currency. conflicts. pre-tax earnings increased 6. 9% higher interest income operating earnings. offset raw material costs sales mix conflicts. products manufactured Israel. operations not impacted terrorist attack conflicts."
}
{
    "_id": "BRK.A20230792",
    "title": "",
    "text": "Revenues industrial $2. billion. 4% pre-tax earnings $393 million. 8%) Pre-tax earnings. 8%."
}
{
    "_id": "BRK.A20230793",
    "title": "",
    "text": "revenues $7. 5 billion 2022 $1. 1 billion. 5% 2021. demand aerospace. delivery rates narrow rebounded pandemic. wide-body low Boeing 787. resumed 2022."
}
{
    "_id": "BRK.A20230794",
    "title": "",
    "text": "pre-tax earnings $1. 2 billion 2022. 6% 2021. labor $59 million reduction pension."
}
{
    "_id": "BRK.A20230795",
    "title": "",
    "text": "revenues $6. 7 billion 2022. 2% 2021. increase prices offset lower volumes currency. volumes restricted supply constraints unplanned plant maintenance production. increase driven escalating raw materials utilities packaging shipping freight."
}
{
    "_id": "BRK.A20230796",
    "title": "",
    "text": "pre-tax earnings increased. 6% 2022. insurance recoveries $242 million $55 million Rockton Rouen fires. losses $36 million $257 million underperforming Advanced Materials. impacted raw material costs lower sales volumes maintenance expenses foreign currency higher selling prices. 2021 winter storms closures lost sales costs."
}
{
    "_id": "BRK.A20230797",
    "title": "",
    "text": "revenues $10. 7 billion 2022 $934 million. 6% 2021. Transportation Retail Solutions Metal Services Crane 82%. volumes prices truck trailer shopping cart metal services mining infrastructure. transit oil utility restaurant increased. offset lower lease revenues Rail Leasing renewal fewer-party tank sales."
}
{
    "_id": "BRK.A20230801",
    "title": "",
    "text": "pre-tax earnings increased. 3% 2022 2021. Transportation Metal Services Retail Crane volumes pricing Rail Leasing renewal losses shutdown Russia."
}
{
    "_id": "BRK.A20230802",
    "title": "",
    "text": "revenues increased. 5% $3. 7 billion 2022 sales offset. lower sales China Russia-Ukraine conflict. pre-tax earnings decreased 2. 5% lower margins higher raw material costs. currency Russian-Ukraine conflict."
}
{
    "_id": "BRK.A20230804",
    "title": "",
    "text": "building products home construction lending financial services flooring insulation roofing bricks masonry Building paint coatings Moore."
}
{
    "_id": "BRK.A20230806",
    "title": "",
    "text": "Revenues building products decreased $2. 9 billion (10. 1%) pre-tax earnings $602 million. 6% 2023. 1%. 6%. low interest strong construction markets. mortgage interest. slowed demand. mitigated construction low supplies pre-existing homes."
}
{
    "_id": "BRK.A20230807",
    "title": "",
    "text": "Clayton revenues $11. 4 billion $1. 3 billion. decreased $1. 6 billion. $8. 8 billion lower sales product. sales declined. 7%. Financial services revenues increased. 2% interest loan balances. $23. 8 billion 2023 $2. 5 billion."
}
{
    "_id": "BRK.A20230808",
    "title": "",
    "text": "Clayton Homes $2. billion 2023 $326 million. 8%) 2022. lower financial services. decline reduction sales lower margin higher operating expenses. financial services interest loan loss provisions higher insurance claims."
}
{
    "_id": "BRK.A20230809",
    "title": "",
    "text": "revenues $14. 5 billion 2023. 2022. lower volumes product mix offset prices."
}
{
    "_id": "BRK.A20230810",
    "title": "",
    "text": "Pre-tax earnings $2. 1 billion 2023. 4%. revenues. 7%. decrease. lower sales volumes reduced efficiencies losses restructurings closures divestitures offset raw materials energy reduced freight shipping utilities. higher prices demand divestiture sales."
}
{
    "_id": "BRK.A20230815",
    "title": "",
    "text": "building products increased $3. 9 billion. 7% pre-tax earnings $1. 4 billion. 3%. 6% 13. 6% 2021 strong demand higher sales volumes. interest rates. construction."
}
{
    "_id": "BRK.A20230816",
    "title": "",
    "text": "Clayton revenues $12. 7 billion $2. 2 billion. increased $2. 1 billion (25. 1%) $10. 4 billion prices. New sales. 2%. site-built. fourth quarter declined. order backlog. Financial services revenues. 7%. Loan balances $21. 3 billion $2. 5 billion. loan foreclosures fourth quarter."
}
{
    "_id": "BRK.A20230817",
    "title": "",
    "text": "Clayton Homes $2. billion 2022 $685 million. 2021. sales income."
}
{
    "_id": "BRK.A20230818",
    "title": "",
    "text": "revenues building $16. 2 billion 2022 increase. 8% 2021. due higher prices higher volumes changes. cost inflation 2021 drove."
}
{
    "_id": "BRK.A20230819",
    "title": "",
    "text": "Pre-tax earnings $2. 4 billion 2022 41. 9% 2021. Pre-tax earnings revenues 15. 0% 3. increase 2021. higher prices strong demand divestitures sales reduced restructuring charges. winter storms reduced sales production costs."
}
{
    "_id": "BRK.A20230821",
    "title": "",
    "text": "consumer products vehicles apparel footwear Fruit of Loom Garan. Shoe Brooks Sports alkaline batteries. picture framing Jazwares toy company Alleghany acquisition."
}
{
    "_id": "BRK.A20230823",
    "title": "",
    "text": "Consumer products declined $1. 5 billion. Forest River apparel Jazwares $1. 3 billion $240 million."
}
{
    "_id": "BRK.A20230824",
    "title": "",
    "text": "Forest River revenues declined. 2% 2023 29. 3% decline sales. vehicle sales 2021 2022. 2023 declined interest rates inflation macroeconomic. offset increased bus commercial business."
}
{
    "_id": "BRK.A20230825",
    "title": "",
    "text": "apparel footwear declined $452 million. 4% 2023. reduced apparel volumes prices. revenues flat."
}
{
    "_id": "BRK.A20230829",
    "title": "",
    "text": "Pre earnings consumer increased $46 million. 0% 2023 2022. Jazwares acquisition apparel footwear Forest River Duracell. inventories operations. Forest River lower sales volumes Duracell restructuring costs."
}
{
    "_id": "BRK.A20230831",
    "title": "",
    "text": "products revenues increased $481 million (3. 1%) 2022 2021. 0% increase Forest River Jazwares acquisition offset apparel footwear Duracell revenues. 7%. fourth quarter 2022 declined. 7% recreational vehicle sales. apparel footwear. decline volumes."
}
{
    "_id": "BRK.A20230832",
    "title": "",
    "text": "Pre-tax earnings consumer products declined $456 million. 0% 2022. 9. 5%. apparel footwear. Duracell. Forest River. 6%"
}
{
    "_id": "BRK.A20230833",
    "title": "",
    "text": "apparel businesses affected 2022 low sales manufacturing input costs. supply 2021 elevated inventories.-size operations reduce inventories. earnings declined lower sales inflation foreign currency."
}
{
    "_id": "BRK.A20230834",
    "title": "",
    "text": "Earnings Forest River increased 2022 due unit sales prices offset materials costs. sales earnings declined second 2022 2021."
}
{
    "_id": "BRK.A20230852",
    "title": "",
    "text": "summary revenues pre earnings service retailing businesses (dollars millions. change vs Revenues Service,588,006,872. Retailing,960. McLane,209######49,450.,603#91,512 Pre-tax earnings Service,995#3,047#2,672. Retailing####1,726######1,724######1,809. McLane.,176,042 Pre-tax earnings percentage revenues Service. Retailing. McLane."
}
{
    "_id": "BRK.A20230857",
    "title": "",
    "text": "service group. largest NetJets FlightSafety shared ownership technology training TTI distributor electronics. franchise service restaurants lease equipment furniture logistics petroleum chemical distribute electronic news regulatory filings television station Miami. October 19, 2022 IPS-Integrated Project Services facilities construction services."
}
{
    "_id": "BRK.A20230859",
    "title": "",
    "text": "group increased $1. 6 billion. 3% 2023. IPS $1. 3 billion $358 million 2022. aviation increased. 5% flight hours higher rates."
}
{
    "_id": "BRK.A20230860",
    "title": "",
    "text": "Revenues TTI declined. 7% 2023 2022. acquisitions foreign currency declined. 2%. revenue growth 2021 2022. orders slowed Asia-Pacific inventory price competition. 2024."
}
{
    "_id": "BRK.A20230861",
    "title": "",
    "text": "Pre-tax earnings decreased $52 million. 7% 2023 $3. 0 billion. 14. 5%. 5 2022. lower TTI businesses offset aviation IPS acquisition. TTI declined. 3% reduced sales higher operating expenses foreign currency gains. 14. 4% average aircraft higher rates."
}
{
    "_id": "BRK.A20230863",
    "title": "",
    "text": "Service group revenues increased $3. 1 billion (19. 7% 2022 TTI aviation services IPS acquisition. TTI increased. 4%. orders elevated inventory. aviation services increased. 2%. training hours customer flight hours fuel surcharges. offset sales mix."
}
{
    "_id": "BRK.A20230864",
    "title": "",
    "text": "Pre-tax earnings increased $375 million (14. 0% $3. billion. 0%. 2021. TTI. 4% aviation services. smaller businesses. TTI sales margin foreign currency legal settlement 2021. aviation training hours restructuring costs FlightSafety. smaller businesses increased $106 million (19. 3% higher revenues cost leverage."
}
{
    "_id": "BRK.A20230869",
    "title": "",
    "text": "largest Berkshire Hathaway Automotive. 67% revenue 2023. 80 dealerships new pre-owned repair. insures contracts. four home furnishings. furniture appliances flooring electronics. furnishings 18% revenues 2023."
}
{
    "_id": "BRK.A20230870",
    "title": "",
    "text": "businesses See’s Candies Pampered Chef Oriental Trading Company school Detlev Louis Motorrad motorcycle accessories Germany."
}
{
    "_id": "BRK.A20230872",
    "title": "",
    "text": "Retailing revenues increased $111 million. 6% BHA. increased. 9%. new vehicle increased. 6% pre-owned declined. 4%. unit sales increased. 7%. 7% new 4. 7% pre-owned. inventory below supply. parts increased. 6%. revenues declined. 6% 8. 6% decline home furnishings."
}
{
    "_id": "BRK.A20230873",
    "title": "",
    "text": "group pre-tax earnings $1. 7 billion 2023 unchanged 2022. increased. 7% parts finance operations higher investment income expenses vehicle floor plan interest. profit margin declined.-tax earnings declined $168 million. 8%) 2023. 3% decrease home furnishings divestiture jewelry."
}
{
    "_id": "BRK.A20230875",
    "title": "",
    "text": "Retailing revenues increased $337 million. 8%) BHA. revenues increased. 1%. increased. 9% higher prices 4. 5% decline units. sales constrained supplies. parts increased. 1%. home furnishings declined 2. 6% declined 8. lower sales Pampered Chef."
}
{
    "_id": "BRK.A20230876",
    "title": "",
    "text": "Pre-tax earnings group decreased $85 million. 7% margin rate decreased. 8. 9%. earnings increased. 4% inventory. declined.-tax earnings decreased $233 million (23. reduced earnings home furnishings See’s Candies Pampered Chef."
}
{
    "_id": "BRK.A20230881",
    "title": "",
    "text": "McLane Company. operates wholesale grocery non retailers stores restaurants. distilled spirits wine beer. high sales low profit. Walmart 7-Eleven Yum! Brands. Grocery 62% sales 2023 foodservice remainder. curtailment purchasing revenues earnings."
}
{
    "_id": "BRK.A20230883",
    "title": "",
    "text": "Revenues $52. billion 2023 $602 million. 1%). grocery foodservice declined. 8%. 2% beverage increased. lower volumes."
}
{
    "_id": "BRK.A20230884",
    "title": "",
    "text": "Pre-tax earnings $184 million. 9%) 2023 2022. income fuel expenses personnel."
}
{
    "_id": "BRK.A20230886",
    "title": "",
    "text": "Revenues $53. billion 2022 $3. billion. 2021. grocery. 4% foodservice beverage."
}
{
    "_id": "BRK.A20230887",
    "title": "",
    "text": "Pre-tax earnings increased $41 million. 8%) 2022 2021. margin grocery foodservice offset personnel fuel insurance. McLane’s labor fuel inventory."
}
{
    "_id": "BRK.A20230889",
    "title": "",
    "text": "earnings Kraft Heinz Occidental Petroleum PTC Berkadia. earnings increased $222 million 2023 earnings Occidental. adopted equity Occidental August 4 2022. earnings increased $724 million Kraft Heinz PTC Occidental."
}
{
    "_id": "BRK.A20230890",
    "title": "",
    "text": "after-tax earnings Kraft Heinz $790 million 2023 $550 million 2022 $317 million 2021 $126 million 2023 $157 million $259 million 2021. equity one-quarter lag.-tax earnings $851 million 2023 $258 million 2022. discontinued equity method. PTC. February 1 2023. after-tax equity earnings decreased $559 million 2023 increased $267 million 2022."
}
{
    "_id": "BRK.A20230901",
    "title": "",
    "text": "summary investment derivative contract gains millions. Investment gains,855 Derivative contract gains before taxes noncontrolling interests,899,542 taxes,287,202 Net earnings,873,612,340 income tax rate."
}
{
    "_id": "BRK.A20230902",
    "title": "",
    "text": "Unrealized gains losses from market prices equity securities included in reported earnings volatility net earnings. foreign currency exchange rates non-U. S. issuers. subsidiaries."
}
{
    "_id": "BRK.A20230903",
    "title": "",
    "text": "gains $69. billion 2023 losses $63. billion 2022 $76. 4 billion 2021. pre-tax gains losses value gains $2. 7 billion 2023 losses $3. billion 2022 gains $1. billion 2021. Taxable gains $5. billion 2023 $769 million 2022 $3. 6 billion 2021. non pre-tax gain $3. billion interest PTC."
}
{
    "_id": "BRK.A20230904",
    "title": "",
    "text": "believe investment gains losses market prices meaningless understanding earnings economic performance. gains earnings little analytical predictive value."
}
{
    "_id": "BRK.A20230905",
    "title": "",
    "text": "contract gains losses 2022 2021 equity liabilities. contracts expired exposure."
}
{
    "_id": "BRK.A20230913",
    "title": "",
    "text": "summary after-tax earnings millions. Acquisition accounting expenses Corporate interest expense foreign currency(305 Foreign currency gains Berkshire BHFC. Dollar earnings"
}
{
    "_id": "BRK.A20230914",
    "title": "",
    "text": "After-tax acquisition accounting expenses charges method acquisitions. amortization intangible assets."
}
{
    "_id": "BRK.A20230915",
    "title": "",
    "text": "currency exchange rate gains Berkshire’s BHFC’s Euro Pound Japanese Yen debt. gains losses revaluation. Dollars. gains. Dollar. value. gains losses magnitude borrowings volatility. Berkshire investment income intercompany interest income corporate expenses unallocated income taxes. Investment income increased $483 million 2023 higher interest rates."
}
{
    "_id": "BRK.A20230919",
    "title": "",
    "text": "Consolidated Balance Sheet liquidity strong capital. equity 2023 $561. 3 billion $87. billion 2022. Net earnings $96. 2 billion after-tax gains $58. 9 billion."
}
{
    "_id": "BRK.A20230920",
    "title": "",
    "text": "Berkshire’s stock repurchase program Class A B shares below value determined Warren Buffett Chairman. maximum amount. indefinitely. cash equivalents. Treasury Bills below $30 billion. Financial strength liquidity Berkshire. paid $9. 2 billion 2023 Class A B."
}
{
    "_id": "BRK.A20230921",
    "title": "",
    "text": "December 31, 2023. Treasury Bills $163. 3 billion $133. billion. $377. 6 billion. paid $16. 5 billion proceeds $40. 6 billion. January 2023 acquired. PTC $8. 2 billion. 2024 20% $2. 6 billion."
}
{
    "_id": "BRK.A20230922",
    "title": "",
    "text": "borrowings 2023 $128. billion 95% Berkshire BHFC BNSF BHE PTC. issued $7. billion paid $11. billion. $18. 2024 $11. 2025. 2026 $8. 2027. 2028."
}
{
    "_id": "BRK.A20230923",
    "title": "",
    "text": "Berkshire debt 2023 $18. 8 billion $2. 6 billion. issued. 4 billion $2. billion repaid $4. 3 billion. decreased $371 million."
}
{
    "_id": "BRK.A20230924",
    "title": "",
    "text": "borrowings BHFC $18. billion December 31, 2023 unchanged 2022. loans Clayton Homes equipment leasing. Berkshire guarantees principal interest."
}
{
    "_id": "BRK.A20230925",
    "title": "",
    "text": "debt $23. 5 billion. issued $1. 6 billion. 2054 repaid $1. 6 billion. subsidiaries $4. 2 billion. 7% 2033 2055 repaid $3. 7 billion. $5. 1 billion. 4% 2029 2055 repaid $2. 8 billion. PTC $5. 8 billion. Berkshire BNSF BHE PTC."
}
{
    "_id": "BRK.A20230926",
    "title": "",
    "text": "businesses cash $37 $49 billion. consolidated expenditures $19. 4 billion 2023 BNSF BHE $13. 1 billion. expenditures. 2024 $14. 3 billion. 2023 BHE subsidiary acquired 50% Cove Point LNG $3. 3 billion."
}
{
    "_id": "BRK.A20230930",
    "title": "",
    "text": "party contracts cash payments. annual debt maturities five Note 19 Consolidated Financial Statements. interest $4 billion $5 billion five years. obligations lease repurchase. payments $1. 9 2024 $1. 7 2025. 5 2026. 8 2027. 9 2028."
}
{
    "_id": "BRK.A20230931",
    "title": "",
    "text": "obligated pay claims property casualty insurance. liabilities retroactive reinsurance $146 billion December 31, 2023. payments 2024 $37 billion. timing payments future events uncertain. payments vary. funded cash."
}
{
    "_id": "BRK.A20230932",
    "title": "",
    "text": "obligations goods reflected Consolidated Financial Statements recognized goods delivered provided. December 31, 2023 obligations fuel capacity transmission maintenance capital BHE BNSF aircraft NetJets materials. future payments $22 billion $10 billion 2024."
}
{
    "_id": "BRK.A20230934",
    "title": "",
    "text": "accounting policies require estimates judgments Consolidated Financial Statements. estimates involve uncertainty. amounts adjusted new information. discussion accounting policies judgments December 31, 2023 follows."
}
{
    "_id": "BRK.A20230936",
    "title": "",
    "text": "record unpaid losses loss adjustment expenses unpaid estimates ultimate amounts balance sheet date. timing loss payments claim reporting final determination loss adjustment settlement process."
}
{
    "_id": "BRK.A20230937",
    "title": "",
    "text": "balance sheet liabilities reported incurred-reported. loss occurrence settlement-tail. Property short casualty longer decades. Casualty susceptible contract interpretations. legal environment judicial process claim-tails."
}
{
    "_id": "BRK.A20230938",
    "title": "",
    "text": "consolidated liabilities reinsurance December 2023 $146 billion 76% GEICO Berkshire Hathaway Reinsurance Group. losses."
}
{
    "_id": "BRK.A20230944",
    "title": "",
    "text": "GEICO writes insurance. 2023 unpaid losses $24. 4 billion liabilities $23. 4 billion. claim reserving methodologies. assumptions claim loss. methods Bornhuetter-Ferguson chain-ladder."
}
{
    "_id": "BRK.A20230945",
    "title": "",
    "text": "liability estimates uninsured uncertain longer claim-tails establish estimates. December 31, 2023 liabilities 28% reserves. select factors liabilities."
}
{
    "_id": "BRK.A20230946",
    "title": "",
    "text": "test claim liabilities actuarial projections closure models loss triangles. analyzes projects ultimate cost."
}
{
    "_id": "BRK.A20230947",
    "title": "",
    "text": "liability estimates 2022 reduced $1. 5 billion 2023 pre-tax earnings. assumptions 2023 recent frequency severity. Future frequency severity."
}
{
    "_id": "BRK.A20230948",
    "title": "",
    "text": "BI claims possible average severities change one percentage point projected December 31, 2023. one percentage point increase BI severities $210 million liabilities pre-tax earnings. economic forces BI severity other injury coverages."
}
{
    "_id": "BRK.A20230956",
    "title": "",
    "text": "liabilities reinsurance contracts NICO General Re TransRe Groups. property unpaid losses expenses December 31, 2023. liabilities,455 IBNR liabilities,769 unpaid losses expenses,264,224,488 Reinsurance recoverable,170 Net unpaid losses expenses,743,318"
}
{
    "_id": "BRK.A20230957",
    "title": "",
    "text": "unpaid losses adjustment expenses property casualty coverages excess-loss quota-share treaties. lines business ceding company loss. allocate losses estimates."
}
{
    "_id": "BRK.A20230958",
    "title": "",
    "text": "extent timing reliability loss information varies coverage terms. Reinsurance terms conditions standardization evolve insurance."
}
{
    "_id": "BRK.A20230963",
    "title": "",
    "text": "loss facultative excess contracts insurance. excess quota-share contracts summary. recoverable losses case loss estimates. Ceding companies provide IBNR loss estimates."
}
{
    "_id": "BRK.A20230964",
    "title": "",
    "text": "Loss reporting reinsurers slower insurers. U. S. reporting required quarterly 30 to 90 days after outside. vary annually 90 to 180 days after. reinsurers assume cede risks delays. impact reporting delays coverage contractual reporting terms magnitude claim."
}
{
    "_id": "BRK.A20230965",
    "title": "",
    "text": "reinsurers premium loss data level removed from claimant risk loss incomplete inaccurate outside coverage terms. maintain procedures determine information contract terms. reinsurance contracts access ceding records audit information. disputes arise claims. resolve disputes negotiation. If contracts provide arbitration alternative resolution. no coverage disputes results financial condition."
}
{
    "_id": "BRK.A20230966",
    "title": "",
    "text": "liability estimates reinsurance loss information. rely ceding estimates. evaluate use estimate. December 2023 estimates exceeded $575 million workers’ compensation claims 10 years ago. reviews claims adjust estimates."
}
{
    "_id": "BRK.A20230967",
    "title": "",
    "text": "liabilities pricing underwriting actuarial methodologies historical data loss industry benchmarks. estimate IBNR liabilities requires judgment actuaries business mix volume claim reporting inflation social legal environment terms conditions contracts. methodologies"
}
{
    "_id": "BRK.A20230968",
    "title": "",
    "text": "Paid incurred loss methods consider loss emergence patterns ratios year. Factors include reporting settlement practices reviews policy terms coverage loss trends legal trends. influence selections loss patterns."
}
{
    "_id": "BRK.A20230969",
    "title": "",
    "text": "Incurred paid loss Bornhuetter-Ferguson methods consider reporting patterns losses unpaid losses."
}
{
    "_id": "BRK.A20230974",
    "title": "",
    "text": "Frequency severity methods anticipated claims severity rely development patterns. processes estimating liabilities rely per-policy assessment ultimate cost loss historical development patterns."
}
{
    "_id": "BRK.A20230975",
    "title": "",
    "text": "reinsurance liabilities contract-by-contract loss estimates ceding company IBNR liabilities anticipated loss ratio loss estimate. Liabilities adjusted revised judgment IBNR liabilities unreported claims. loss ratios revised include major catastrophe events."
}
{
    "_id": "BRK.A20230976",
    "title": "",
    "text": "claim liability estimation short-tail lines property paid loss development Bornhuetter-Ferguson methods. property catastrophe risk aviation excess-loss contracts generate low severity losses. rely contract ultimate cost."
}
{
    "_id": "BRK.A20230977",
    "title": "",
    "text": "long-tail lines casualty methods maturity business estimates priced loss mature paid incurred."
}
{
    "_id": "BRK.A20230978",
    "title": "",
    "text": "2023 workers’ compensation losses less. reduced losses $116 million. increases ten percent loss ratios $1. 0 billion IBNR liabilities pre-tax earnings. assumptions increase."
}
{
    "_id": "BRK.A20230979",
    "title": "",
    "text": "casualty losses reduced liabilities $225 million 2023. portfolios increases five percent loss patterns ratios increase IBNR liabilities pre-tax earnings $2 billion outcomes $2 billion possible."
}
{
    "_id": "BRK.A20230980",
    "title": "",
    "text": "liabilities asbestos environmental claims significant 2023. Net liabilities $2. 0 billion December 31, 2023. Loss estimations difficult changing legal environment increases exposures."
}
{
    "_id": "BRK.A20230982",
    "title": "",
    "text": "retroactive reinsurance contracts. December 2023 unpaid losses $34. 6 billion deferred charges $9. 5 billion."
}
{
    "_id": "BRK.A20230983",
    "title": "",
    "text": "contracts subject indemnification expect losses retroactive policies not exceed $50 billion. changes asbestos environmental mass tort unlikely losses develop 15% liability."
}
{
    "_id": "BRK.A20230988",
    "title": "",
    "text": "establish liability estimates trends patterns project losses. apply probability factors outcome. monitor loss payment activity reports information. re-estimate losses deviations."
}
{
    "_id": "BRK.A20230989",
    "title": "",
    "text": "retroactive reinsurance contracts include asbestos environmental tort claims. estimated liabilities asbestos $12. 2 billion at December 31, 2023. receive companies. analysis reinsured losses. apply industry trends projections data. Judgments consider legal regulatory environment. Legal reform legislation liabilities."
}
{
    "_id": "BRK.A20230990",
    "title": "",
    "text": "Deferred charges retroactive reinsurance contracts liability unpaid losses premiums. charged pre-tax earnings timing loss. adjust balances timing. contracts December 2023 amortization expense 2024 $900 million."
}
{
    "_id": "BRK.A20230991",
    "title": "",
    "text": "increased liabilities contracts $1. billion quarter 2023 asbestos environmental casualty exposures.-tax loss $650 million."
}
{
    "_id": "BRK.A20230993",
    "title": "",
    "text": "Consolidated Balance Sheet December 2023 includes goodwill $84. 6 billion assets $18. 9 billion. evaluate impairment annually."
}
{
    "_id": "BRK.A20230994",
    "title": "",
    "text": "Goodwill indefinite-lived asset impairment reviews fair values units. methods market quotations multiples earnings. discounted future earnings cash flow. assumptions revenues expenses cash flows capital expenditures discount rate inputs. judgment management required. subjectivity uncertainty cash flows earnings results differ forecasts. carrying value exceeds fair value excess charged earnings impairment loss. exceeds fair value excess charged impairment loss."
}
{
    "_id": "BRK.A20230995",
    "title": "",
    "text": "December 31, 2023 concluded goodwill Consolidated Balance Sheet not impaired. fair value estimates units affected effects COVID-19 assumptions economic performance predict. fair value estimates variations."
}
{
    "_id": "BRK.A20231000",
    "title": "",
    "text": "goodwill review 2023 nine units 20%. Precision Castparts. three. value PCC $32. 6 billion $29. 7 billion 10%. goodwill $7. 5 billion. three PTC Jazwares IPS. December 2023 $21. 5 billion exceeded. 5%. Goodwill $8. 5 billion. five units $4. 4 billion exceeded 10%. goodwill $1. 3 billion."
}
{
    "_id": "BRK.A20231002",
    "title": "",
    "text": "Consolidated Balance Sheets include assets liabilities risks. equity interest commodity prices. investment portfolios volatility. risks business activities."
}
{
    "_id": "BRK.A20231004",
    "title": "",
    "text": "Investments equity securities significant portfolio. excellent economics management each company. equity investments few issuers. December 31, 2023 79% value five companies."
}
{
    "_id": "BRK.A20231005",
    "title": "",
    "text": "hold equity securities short-term price volatility past. maintain shareholder capital liquidity safety volatility."
}
{
    "_id": "BRK.A20231013",
    "title": "",
    "text": "table summarizes investments equity securities effects 30% increase decrease market prices. 30% increase reflect best worst scenario. results declines equity markets concentrations portfolio. amounts millions. Price Change Increase Net Earnings December 31, 2023 Investments equity securities,842 increase,281 decrease December 31, 2022 increase,087,344 decrease,688,195"
}
{
    "_id": "BRK.A20231014",
    "title": "",
    "text": "estimated taxes."
}
{
    "_id": "BRK.A20231018",
    "title": "",
    "text": "invest bonds loans interest rate instruments. strategy interest rates appropriate credit risk. issue debt operations acquisitions purposes. maintain high credit ratings minimize cost debt. products match maturities assets liabilities."
}
{
    "_id": "BRK.A20231019",
    "title": "",
    "text": "values fixed maturity investments loans receivables notes borrowings fluctuate interest rates. translate into values. affected creditworthiness prepayment options alternative investments liquidity market conditions."
}
{
    "_id": "BRK.A20231028",
    "title": "",
    "text": "table summarizes effects interest rates assets liabilities. assumed changes no changes factors. reflect best worst scenarios. results may differ. Dollars millions. Fair Value After Change Interest Rates decrease increase increase December 31, 2023 Assets Investments fixed maturity securities,758 equity securities,688,069 Loans receivables,190,187,409 Liabilities"
}
{
    "_id": "BRK.A20231037",
    "title": "",
    "text": "Insurance,184,750,361 Railroad utilities energy,792,043 2022 Assets fixed maturity securities,128,659 securities,434 Loans receivables,428,249,228 Liabilities"
}
{
    "_id": "BRK.A20231040",
    "title": "",
    "text": "Insurance,367,157 Railroad utilities,651,698,430"
}
{
    "_id": "BRK.A20231043",
    "title": "",
    "text": "subsidiaries operate foreign jurisdictions transact currencies. hold investments companies currency risk. match assets liabilities currency use derivative contracts risks."
}
{
    "_id": "BRK.A20231051",
    "title": "",
    "text": "assets translation. Dollars insurance utilities energy manufacturing subsidiaries. impact foreign currency rates income. gains losses currency exchange rates earnings non-U. Dollar assets liabilities Berkshire. subsidiaries. summary years 2023 2022. Non-U. S. debt earnings liabilities reinsurance contracts Foreign currency translation income"
}
{
    "_id": "BRK.A20231053",
    "title": "",
    "text": "subsidiaries use commodities manufacturing services. subject price risks. manage risks through pricing products services. price increases operating results. derivative contracts manage commodity price risks."
}
{
    "_id": "BRK.A20231055",
    "title": "",
    "text": "Risk Item 7 Financial Condition Operations."
}
{
    "_id": "BRK.A20231057",
    "title": "",
    "text": "Berkshire Hathaway. internal control financial reporting Securities Exchange Act 1934 Rule 13a-15(f). control reporting December 31, 2023 Securities Exchange Act 1934 Rule 13a-15(c). criteria Internal Control—Integrated Framework (2013) Committee Sponsoring Organizations Treadway Commission. concluded effective December 31, 2023."
}
{
    "_id": "BRK.A20231058",
    "title": "",
    "text": "control financial reporting December 2023 audited Deloitte Touche page K-67."
}
{
    "_id": "BRK.A20231059",
    "title": "",
    "text": "."
}
{
    "_id": "BRK.A20231065",
    "title": "",
    "text": "."
}
{
    "_id": "BRK.A20231066",
    "title": "",
    "text": "Statements Control Reporting"
}
{
    "_id": "BRK.A20231067",
    "title": "",
    "text": "audited balance sheets Berkshire Hathaway. subsidiaries December 31, 2023 2022 earnings income equity cash flows three years 2023 notes. audited control financial reporting December 2023 Internal Control Integrated Framework (2013) Commission."
}
{
    "_id": "BRK.A20231068",
    "title": "",
    "text": "financial statements present position December 31, 2023 2022 results operations cash flows three 2023 accounting principles. Company maintained internal control financial reporting December 2023 Internal Control Integrated Framework (2013) COSO."
}
{
    "_id": "BRK.A20231070",
    "title": "",
    "text": "Note 1 2023 Accounting Standards 2018-12 Long-Duration Contracts retrospective."
}
{
    "_id": "BRK.A20231072",
    "title": "",
    "text": "management responsible for financial statements internal control assessment Report on Internal Control. express opinion financial statements internal control audits. public accounting firm registered Company Accounting Oversight Board independent. federal securities laws rules Securities and Exchange Commission PCAOB."
}
{
    "_id": "BRK.A20231073",
    "title": "",
    "text": "conducted audits standards PCAOB. standards require plan assurance financial statements free misstatement error fraud internal control."
}
{
    "_id": "BRK.A20231074",
    "title": "",
    "text": "audits of financial statements included risks misstatement error or fraud. included examining evidence amounts disclosures. accounting principles estimates management presentation. audit of internal control over financial reporting included understanding risk material weakness testing design effectiveness risk. other procedures necessary. audits provide reasonable basis for opinions."
}
{
    "_id": "BRK.A20231076",
    "title": "",
    "text": "internal control over financial reporting assurance reliability financial reporting preparation financial statements for accounting principles. includes policies procedures maintenance records transactions dispositions assets assurance transactions recorded necessary preparation financial statements receipts expenditures with authorizations management directors assurance prevention of unauthorized acquisition use disposition assets financial statements."
}
{
    "_id": "BRK.A20231079",
    "title": "",
    "text": "limitations internal control financial reporting prevent misstatements. projections effectiveness future risk controls compliance policies deteriorate."
}
{
    "_id": "BRK.A20231081",
    "title": "",
    "text": "critical audit matters from current-period audit of financial statements communicated to audit committee relate to accounts disclosures material challenging complex judgments. communication alter our opinion on financial statements not providing separate opinions."
}
{
    "_id": "BRK.A20231082",
    "title": "",
    "text": "Losses Notes 1 16 statements"
}
{
    "_id": "BRK.A20231084",
    "title": "",
    "text": "unpaid losses expenses include property casualty insurance contracts. assumptions anticipated expected loss ratios patterns."
}
{
    "_id": "BRK.A20231085",
    "title": "",
    "text": "subjectivity estimating assumptions audit liabilities December 31, 2023 auditor judgment effort actuarial specialists."
}
{
    "_id": "BRK.A20231092",
    "title": "",
    "text": "audit procedures related to key assumptions affecting claim liabilities included tested effectiveness controls over liabilities. tested underlying data for actuarial analysis. developed independent estimates loss data compared to. compared prior year estimates to actual experience potential bias in."
}
{
    "_id": "BRK.A20231093",
    "title": "",
    "text": "Losses Reinsurance Contracts Notes 1 17 statements"
}
{
    "_id": "BRK.A20231095",
    "title": "",
    "text": "unpaid losses adjustment expenses contracts include property casualty. assumptions anticipated claims expected loss ratios patterns."
}
{
    "_id": "BRK.A20231096",
    "title": "",
    "text": "subjectivity estimating assumptions audit liabilities December 31, 2023 auditor judgment effort actuarial specialists."
}
{
    "_id": "BRK.A20231099",
    "title": "",
    "text": "audit procedures key assumptions included tested effectiveness controls liabilities."
}
{
    "_id": "BRK.A20231105",
    "title": "",
    "text": "tested data actuarial analysis including historical claims inputs. actuarial specialists developed independent claim liability estimates reinsurance contracts compared estimates. evaluated process management. compared prior year estimates to experience potential bias."
}
{
    "_id": "BRK.A20231106",
    "title": "",
    "text": "Goodwill Assets Notes 13 statements"
}
{
    "_id": "BRK.A20231108",
    "title": "",
    "text": "evaluation goodwill assets impairment fair value carrying value. December 31, 2023 goodwill $8 billion assets $13 billion Precision Castparts Corp. uses discounted earnings value revenue earnings discount rates."
}
{
    "_id": "BRK.A20231109",
    "title": "",
    "text": "significant judgments management PCC goodwill assets difference fair values values audit estimates auditor judgment. Increased audit effort fair value specialists estimates future revenue EBIT discount rate."
}
{
    "_id": "BRK.A20231116",
    "title": "",
    "text": "audit procedures related future revenue EBIT selection discount rate for PCC unit customer relationships included tested controls over goodwill indefinite-lived intangible assets forecasts future revenue EBIT discount rate. evaluated revenue EBIT comparing forecasts results. evaluated current revenue EBIT forecasts historical results long contracts customer demand build schedules analyst industry reports peer disclosures. evaluated valuation methodologies terminal growth rates discount rate developed independent estimates compared. evaluated valuation terminal growth rates. estimates."
}
{
    "_id": "BRK.A20231120",
    "title": "",
    "text": "auditor 1985."
}
{
    "_id": "BRK.A20231122",
    "title": "",
    "text": "."
}
{
    "_id": "BRK.A20231153",
    "title": "",
    "text": "31, Insurance Cash,672,260. Treasury Bills,774 maturity securities,128 equity,050 Loans receivables,208 receivables,490 Inventories,366 Property plant equipment,113 lease,584 Goodwill intangible assets,187 Deferred charges reinsurance Railroad Utilities Energy Receivables Property equipment,268 Goodwill,597 Regulatory assets,062,463,069,978,465"
}
{
    "_id": "BRK.A20231154",
    "title": "",
    "text": "Includes. Treasury Bills months. billion 2023. billion 2022."
}
{
    "_id": "BRK.A20231157",
    "title": "",
    "text": "."
}
{
    "_id": "BRK.A20231171",
    "title": "",
    "text": "LIABILITIES EQUITY losses,472 reinsurance,647,415 Unearned premiums,507,657 Life insurance,213,753 liabilities,370 Accounts payable accruals liabilities,402,201 Aircraft repurchase lease revenues,253"
}
{
    "_id": "BRK.A20231176",
    "title": "",
    "text": ",341,226 Railroad Utilities Accounts,461 liabilities,369"
}
{
    "_id": "BRK.A20231191",
    "title": "",
    "text": ",858,190 taxes deferred,009,368 liabilities,208,784 interests,261 equity stock Capital,480 income earnings,350,127 Treasury stock,802 Berkshire Hathaway equity,273 Noncontrolling interests,236,257 equity,465"
}
{
    "_id": "BRK.A20231194",
    "title": "",
    "text": "."
}
{
    "_id": "BRK.A20231241",
    "title": "",
    "text": "Ended December Revenues premiums,460 Sales revenues,687,043 Leasing revenues,416 Interest dividend income,561 Railroad Utilities Energy Freight revenues,791 Utility revenues,891 Service income,161,229 Total revenues,185 Investment gains,855,899,542 Costs expenses losses,187 Life annuity health benefits expenses,270,559 sales services,569,138 leasing Selling expenses,605,843 Interest expense,955 Railroad Utilities Freight expenses,464282######14,477 Utilities energy expenses,016 Interest,745,189,137 costs expenses,144,752 income taxes equity(32,363,975 Equity taxes,166,500 Income tax(8,502,912 earnings,147(21,998,949 noncontrolling interests Berkshire Hathaway shareholders,223,759 Class A share(15,494,554 Class B share. Class A shares,880,876######1,510,180 Class B shares,173,319,709,203,313,269,867"
}
{
    "_id": "BRK.A20231242",
    "title": "",
    "text": "Net earnings B share-hundredth. Note 22."
}
{
    "_id": "BRK.A20231245",
    "title": "",
    "text": "."
}
{
    "_id": "BRK.A20231265",
    "title": "",
    "text": "Ended December 31, Net earnings,147(21,998,949 income Unrealized gains investments(713 income taxes Foreign currency translation,138,011 Long-duration insurance contract discount rate changes,108 taxes(1,540 benefit pension plans income taxes income Comprehensive income,988,838 noncontrolling Berkshire Hathaway shareholders#97,512,688,808"
}
{
    "_id": "BRK.A20231266",
    "title": "",
    "text": "."
}
{
    "_id": "BRK.A20231289",
    "title": "",
    "text": "Hathaway stock capital- controlling Balance December 31, 2020,634,243,336 Adoption ASU 2018-12(5,751,428 Balance January 1, 2021(9,994 Net earnings (loss,949 income Acquisition common stock Transactions noncontrolling interests(471 Balance December 31, 2021(8,123(59,795,299 Net earnings (loss(22,759(21,998 income Acquisition common stock(8,031 Transactions noncontrolling interests,174(1,599 Balance December 31, 2022,052 Net earnings (loss,147 income,318 Acquisition common stock(8,976 Transactions noncontrolling(687#,974,661 Balance December 31, 2023,488,763#,350(76,802,236"
}
{
    "_id": "BRK.A20231292",
    "title": "",
    "text": "."
}
{
    "_id": "BRK.A20231341",
    "title": "",
    "text": "Ended December 31, Cash flows activities Net earnings,147(21,998,949 Adjustments Investment losses,855 Depreciation amortization,206 Changes operating assets liabilities Unpaid losses expenses Deferred charges retroactive reinsurance Unearned premiums Receivables loans,949 Inventories Other assets liabilities Income taxes,330 Net cash flows operating activities,427 activities Purchases equity securities,462 Sales,849 Purchases.Treasury Bills maturity securities,007,637 Sales.,188 Redemptions maturities.Treasury Bills securities,402 Acquisitions cash(8,604,594 Purchases property equipment lease,409(15,464(13,276 cash flows investing(87,601,392 financing borrowings insurance,961 Repayments borrowings(5,921(1,502(3,032 borrowings utilities energy Repayments,390,426,016 short term borrowings Acquisitions treasury stock(9,171(7,854(27,061 transactions noncontrolling interests,147,979(695 Net cash flows financing,662 foreign currency exchange rate changes(394 Increase cash equivalents restricted cash,310,396 Cash equivalents restricted cash,643,399 Insurance Other#33,672#32,260#85,319 Railroad Utilities Energy,350######3,551######2,865# Restricted cash assets####621######588######522,643,399#88,706"
}
{
    "_id": "BRK.A20231344",
    "title": "",
    "text": "."
}
{
    "_id": "BRK.A20231350",
    "title": "",
    "text": "Berkshire Hathaway. subsidiaries insurance utilities energy manufacturing service retailing. Berkshire subsidiaries. Note 26. acquisitions Note 2. reporting Railroad Utilities Energy subsidiaries separately assets capital expenditures debt not guaranteed Berkshire."
}
{
    "_id": "BRK.A20231352",
    "title": "",
    "text": "Consolidated Financial Statements include Berkshire with subsidiaries affiliates controlling financial interest. controlling interest reflects majority voting interests. consolidate variable interest entities power direct activities absorb losses receive benefits. Intercompany accounts transactions eliminated. immaterial balances reclassified conform current presentations."
}
{
    "_id": "BRK.A20231353",
    "title": "",
    "text": "prepare Consolidated Financial Statements accounting principles estimates assumptions assets liabilities revenues expenses. estimates unpaid losses adjustment expenses error uncertainty claim costs. deferred charges reinsurance contracts fair values financial instruments evaluations goodwill assets require judgment. results differ estimates."
}
{
    "_id": "BRK.A20231354",
    "title": "",
    "text": "businesses impacted by actions COVID-19 virus geopolitical conflicts supply chain disruptions actions slow inflation. economic effects longer. estimates Consolidated Financial Statements long-lived assets goodwill intangible assets credit losses losses insurance reinsurance contracts may subject to adjustments."
}
{
    "_id": "BRK.A20231355",
    "title": "",
    "text": "investments. Treasury Bills"
}
{
    "_id": "BRK.A20231357",
    "title": "",
    "text": "Cash equivalents demand deposit accounts investments three months.-term Treasury Bills three months year."
}
{
    "_id": "BRK.A20231358",
    "title": "",
    "text": "classify fixed maturity securities acquisition balance sheet. held-to-maturity amortized cost. trading acquired sell carried fair value earnings. other securities available-for-sale fair value. available-for-sale. amortize original cost maturity value earnings interest method."
}
{
    "_id": "BRK.A20231364",
    "title": "",
    "text": "record gains losses maturity securities sold. unrealized loss loss excess amortized cost over value before price. evaluate unrealized losses. decline creditworthiness. record allowance credit losses excess amortized cost over value charge earnings cash flows less contractual cash flows. allowance decreased facts circumstances. unrealized loss not recognized income."
}
{
    "_id": "BRK.A20231366",
    "title": "",
    "text": "carry equity record Consolidated Statements Earnings gains losses."
}
{
    "_id": "BRK.A20231367",
    "title": "",
    "text": "utilize equity method investments significant influence not control over financial policies. influence presumed investor 20% voting interests. presumption overcome facts. apply equity method investments common stock identical interests apply not in-substance common stock GAAP."
}
{
    "_id": "BRK.A20231369",
    "title": "",
    "text": "equity method record investment cost increase carrying amount net earnings losses income. record dividends equity distributions reductions carrying value. losses reduce carrying zero additional losses investments at-risk. losses based change book value."
}
{
    "_id": "BRK.A20231370",
    "title": "",
    "text": "manufactured home commercial site-built home. carry all loans amortized cost credit losses maturity. Acquisition origination commitment fees premiums discounts amortized investment income yield adjustments."
}
{
    "_id": "BRK.A20231371",
    "title": "",
    "text": "credit losses include non-collection risk. losses home loans based future principal payments expenses charge-off foreclosure provisions. credit quality loans performing. estimates consider default collateral recovery runoff rates interest rates cash time foreclosure. current conditions forecasts."
}
{
    "_id": "BRK.A20231372",
    "title": "",
    "text": "Loans delinquent 30 days due. loans over 90 interest reversed. collections principal interest owed delinquent. resume less 90 delinquent."
}
{
    "_id": "BRK.A20231378",
    "title": "",
    "text": "Loans non-performing foreclosure started. interest income recognized until cured modified. interest recognized new. Foreclosed loans charged collateral sold. Loans not evaluated charge-off future collectability collateral."
}
{
    "_id": "BRK.A20231379",
    "title": "",
    "text": "receivables include balances insurance premiums reinsurance losses. short-term collection less year. Reinsurance recoverables ceded contracts insurance. unpaid losses expenses property casualty contracts benefits life health contracts. uncollectible balances."
}
{
    "_id": "BRK.A20231381",
    "title": "",
    "text": "measure credit losses history. consider current conditions forecasts. reinsurance review credit quality right-of-offset provisions collateral. charge receivables against allowances after collection exhausted."
}
{
    "_id": "BRK.A20231383",
    "title": "",
    "text": "carry assets liabilities derivative contracts Consolidated Balance Sheets. Balances net reductions netting agreements. record changes value derivative contracts regulatory assets liabilities inclusion regulated rates."
}
{
    "_id": "BRK.A20231385",
    "title": "",
    "text": "defined GAAP fair value price sell asset transfer liability between market participants principal. Adjustments transaction required illiquid disorderly markets fair value. alternative valuation techniques value transaction. Market participants independent knowledgeable able willing not duress. nonperformance credit risk fair value. judgment interpreting market data value. estimates not indicative current future market exchange."
}
{
    "_id": "BRK.A20231386",
    "title": "",
    "text": "Inventories manufactured goods homes. materials labor overhead. 2023 30% inventories remainder first cost. Non-LIFO inventories lower value. excess LIFO $2. 3 billion December 2023 $2. 5 billion December 2022."
}
{
    "_id": "BRK.A20231391",
    "title": "",
    "text": "use property plant equipment operations. own equipment lease. record additions cost improvements betterments. constructed assets materials labor services indirect costs capitalized. include interest construction. assets utility energy subsidiaries operations capitalized costs allowance funds construction equity. repairs maintenance costs capitalization criteria charged."
}
{
    "_id": "BRK.A20231392",
    "title": "",
    "text": "Depreciation regulated utilities determined group depreciation methods studies regulator. composite rate investment class property. assets retired sold no gain loss recognized. Gains losses disposals recorded earnings."
}
{
    "_id": "BRK.A20231393",
    "title": "",
    "text": "lives track 10 to 100 locomotives cars equipment 6 to 45 years. utilities energy utility 5 to 80 gas 3 to 80 power plants 2 to 50 buildings improvements 10 30 machinery equipment 3 10 years. depreciate property straight-line. buildings improvements 5 to 50 years machinery equipment 3 to 25 years furniture fixtures 3 to 15 years. depreciate equipment lease straight-line 3 to 35 years. declining balance depreciation-earning."
}
{
    "_id": "BRK.A20231395",
    "title": "",
    "text": "evaluate property plant equipment lease impairment carrying value recoverable sale. event assess estimated cash flows residual value disposal carrying value. If exceeds reduce value to fair value record impairment loss earnings except regulated utility energy subsidiaries impacts regulation."
}
{
    "_id": "BRK.A20231397",
    "title": "",
    "text": "property. record right-of-use liabilities. assets right use lease term liabilities obligation payments. lease payments include fixed variable index rate. term non-cancellable. lease contracts renewal options variable payments performance usage. Options not-use assets liabilities unless certain. incremental borrowing rates lease liabilities. assets review impairment. separate class record liabilities leases one year less."
}
{
    "_id": "BRK.A20231398",
    "title": "",
    "text": "Goodwill excess acquisition price over net assets. evaluate goodwill annually. fair value unit. methods market quotations liability values valuation techniques discounted future net earnings multiples. carrying amount exceeds fair value excess charged earnings impairment loss."
}
{
    "_id": "BRK.A20231404",
    "title": "",
    "text": "Intangible assets indefinite lives tested impairment annually impaired. judgment required estimating values goodwill impairment tests. amortize assets expected consumption economic benefits over estimated lives. reviewed impairment amount recoverable."
}
{
    "_id": "BRK.A20231405",
    "title": "",
    "text": "earn insurance premiums property contracts protection. term contract unearned premiums monthly daily. retroactive contracts received earned inception loss. life reinsurance periodic payment annuity contracts earned when due. periodic payment annuity earned inception. Premiums net ceded reinsurers. experience-rating provisions reflect estimated loss experience."
}
{
    "_id": "BRK.A20231406",
    "title": "",
    "text": "Sales service revenues recognized goods transferred customer. customer obtains control. Revenues based consideration promises deliver."
}
{
    "_id": "BRK.A20231407",
    "title": "",
    "text": "manufacture distribute industrial building consumer products. sales contracts provide products wholesale consideration. Contracts represent orders prices. contain single multiple performance obligations. allocate revenue based prices."
}
{
    "_id": "BRK.A20231408",
    "title": "",
    "text": "Sales revenues reflect returns allowances late delivery penalties volume discounts incentives contingent future events. include state local excise taxes products levied. exclude value-added taxes. include shipping fulfillment activities control. after control sales revenue."
}
{
    "_id": "BRK.A20231409",
    "title": "",
    "text": "Product sales revenues recognized control customer pickup delivery acceptance. recognize sales revenues costs contracts bridge structural steel castings forgings aerostructures. Control product transfers customer manufactured. no alternative use requires compensation if terminated."
}
{
    "_id": "BRK.A20231410",
    "title": "",
    "text": "obligation under freight rail contracts freight origin to destination. obligations represented by bills of lading services. revenues based on product origin destination contract incentives in rate agreements tariffs road agreements pricing quotes. transaction price per car/unit origin to destination. Freight revenues recognized over time. Revenues represent service completed. Invoices issued paid within 30 days or less. incentives for volume locations revenue shipments."
}
{
    "_id": "BRK.A20231415",
    "title": "",
    "text": "Utilities energy revenues from electricity natural gas sales. tariff-based approved regulatory commissions. energy transmission distribution natural gas obligations products services. revenues equivalent to value performance include billed unbilled amounts. Payments due within 30 days of billing. Rates for established by regulators transaction price allocation. preliminary rates final approval refund liability for refunds accrued. Nonregulated energy revenues include fuel sales renewable energy products. Fuels diesel gasoline retail wholesale. recognized excise taxes."
}
{
    "_id": "BRK.A20231416",
    "title": "",
    "text": "service revenues contracts obligations benefits. real estate automotive repair aircraft management aviation training franchising news distribution."
}
{
    "_id": "BRK.A20231418",
    "title": "",
    "text": "Leasing revenue recognized term lease based usage contract. contracts operating leases."
}
{
    "_id": "BRK.A20231419",
    "title": "",
    "text": "record liabilities unpaid losses expenses insurance reinsurance contracts balance sheet. estimated payment time."
}
{
    "_id": "BRK.A20231421",
    "title": "",
    "text": "base liability estimates on loss reports case estimates incurred losses. expenses include paid claims settlement costs changes liabilities. net recovered recoverable ceded reinsurance contracts. contracts relieve ceding company indemnify."
}
{
    "_id": "BRK.A20231423",
    "title": "",
    "text": "record unpaid losses adjustment expenses retroactive reinsurance contracts Note 1. record deferred charge assets excess claim liabilities premiums. amortize assets claim settlement periods interest. Changes loss payments assets. apply retrospectively included insurance losses adjustment expenses Consolidated Statements Earnings."
}
{
    "_id": "BRK.A20231424",
    "title": "",
    "text": "capitalize costs sale insurance contracts. include commissions taxes. expense underwriting costs. casualty amortize costs premiums earned. long life health amortize insurance in-force term. costs $4. 6 billion $3. 8 billion December 31, 2023 2022 $3. 9 billion $3. 2 billion property casualty insurance contracts."
}
{
    "_id": "BRK.A20231429",
    "title": "",
    "text": "Liabilities for life annuity health insurance represent cash outflows payments expenses less benefits. Periodic payment annuity reinsurance contracts limited payment contracts GAAP. liabilities include future payments deferred profit liability excess gross premiums over net premiums."
}
{
    "_id": "BRK.A20231431",
    "title": "",
    "text": "future cash flows claims premiums expenses investment yields mortality morbidity lapse rates. Cash flow assumptions reviewed annually recorded earnings. discount rate assumptions liabilities revised bond yields duration currency. contracts issue year. recorded income."
}
{
    "_id": "BRK.A20231432",
    "title": "",
    "text": "energy subsidiaries prepare financial statements regulated operations effects costs return revenues rate-setting. costs deferred assets income accrued liabilities."
}
{
    "_id": "BRK.A20231434",
    "title": "",
    "text": "assets liabilities amortized into operating expenses revenues future periods. assessed for future inclusion rates regulatory changes rate orders. If inclusion charged credited to earnings returned customers."
}
{
    "_id": "BRK.A20231436",
    "title": "",
    "text": "accounts subsidiaries measured using currencies. Revenues expenses translated into. Dollars average exchange rate assets liabilities translated end reporting period. net effects translating included shareholders’ equity income. Gains losses from transactions remeasurement currency included in earnings."
}
{
    "_id": "BRK.A20231437",
    "title": "",
    "text": "Berkshire files consolidated federal tax return. subsidiaries. tax returns. foreign jurisdictions. tax liabilities calculated accrued. include deferred tax provisions."
}
{
    "_id": "BRK.A20231438",
    "title": "",
    "text": "Deferred income tax assets liabilities computed differences financial tax bases enacted tax rates. Changes charged credited. included tax expense. effect changes tax rates charged credited expense enactment. Valuation allowances established for assets realization likely."
}
{
    "_id": "BRK.A20231439",
    "title": "",
    "text": "Liabilities established uncertain tax positions tax returns meet-likely threshold merits. Estimated interest penalties income tax expense."
}
{
    "_id": "BRK.A20231444",
    "title": "",
    "text": "adopted Accounting Standards Update 2018-12 Long-Duration January 1, 2023 modified accounting reporting disclosures long-duration insurance contracts. 2018-12 applied January 1, 2021 contracts. cash flow earnings discount rate income."
}
{
    "_id": "BRK.A20231445",
    "title": "",
    "text": "Financial Statements 2022 2021 revised retrospective adoption. discount rate changes recorded income. increased net earnings Berkshire Hathaway shareholders $142 million 2021 $60 million 2022. effects immaterial statements."
}
{
    "_id": "BRK.A20231453",
    "title": "",
    "text": "effects ASU 2018-12 financial. December 31, January 1, 2021 Life annuity health insurance benefits,836 policyholder liabilities,367 Income taxes deferred,403 income,243 earnings,949 Berkshire Hathaway equity,736"
}
{
    "_id": "BRK.A20231454",
    "title": "",
    "text": "Accounting pronouncements 31,"
}
{
    "_id": "BRK.A20231455",
    "title": "",
    "text": "March 2023 Financial Accounting Standards Board issued Accounting Standards Update 2023-02 Tax Credit. permits tax equity investments proportional amortization. affordable housing tax credit investments. effective years December 15 2023. adoption Consolidated Financial Statements."
}
{
    "_id": "BRK.A20231456",
    "title": "",
    "text": "November 2023 FASB issued Accounting Standards Update 2023-07 Segment expenses segment interim. effective fiscal years December 15 2023 after December 15 2024. evaluating impact Consolidated Financial Statements."
}
{
    "_id": "BRK.A20231457",
    "title": "",
    "text": "2023 FASB issued Accounting Standards Update 2023-09 Income Tax disclosures income tax reconciliations. tax rate reconciliation amounts percentages taxes foreign tax effects credits nontaxable items. quantitative threshold disaggregation jurisdiction. net income taxes federal state foreign jurisdictions five percent threshold. effective fiscal years December 15 2024 early. evaluating impact Consolidated Financial Statements."
}
{
    "_id": "BRK.A20231461",
    "title": "",
    "text": "acquisition strategy consistent earning returns management. Financial results Consolidated Financial Statements acquisition dates."
}
{
    "_id": "BRK.A20231462",
    "title": "",
    "text": "January 31, 2023 acquired 41. 4% Pilot Travel Centers $8. 2 billion. increased interest 80% controlling. February 1, 2023. fuel utilities energy Consolidated Balance Sheet Statement Earnings February 1 2023. owned 38. 6% interest PTC equity January 2023."
}
{
    "_id": "BRK.A20231463",
    "title": "",
    "text": "PTC operates 650 75 fuel locations 44. states five provinces Pilot Flying J wholesale marketing. sells diesel fuel. water disposal oil fields. revenues earnings months December 2023 $51. 7 billion $603 million. remeasured. 6% investment PTC fair gain $3. billion excess. valued noncontrolling interests fair value January 31, 2023."
}
{
    "_id": "BRK.A20231464",
    "title": "",
    "text": "Pilot Corporation holder interests PTC annual option cash interests 2024. redemption price based PTC’s earnings preceding year adjustments net debt. filed lawsuit Berkshire 2023 purchase price. Berkshire filed counterclaim. settled January 2024 acquired interest $2. 6 billion interest 100%."
}
{
    "_id": "BRK.A20231473",
    "title": "",
    "text": "assets liabilities interests January 2023 millions. Goodwill deductible income tax. Assets acquired interests Property plant equipment payable Goodwill liabilities intangible assets,047 assumed,794 interests redeemable,361 Assets acquired,520,155 assets"
}
{
    "_id": "BRK.A20231482",
    "title": "",
    "text": "2022 Berkshire acquired Alleghany Corporation $11. 5 billion. operates property insurance non-financial businesses. deductible. assets liabilities. Assets acquired Cash. Bills,762 losses expenses,080 securities premiums Loans receivables,287 payable,169 Goodwill,900 liabilities intangible assets Assets acquired,590 assumed,085 Net assets"
}
{
    "_id": "BRK.A20231490",
    "title": "",
    "text": "unaudited revenue consolidated earnings December 31, 2022 Alleghany PTC. Revenues,115 earnings Berkshire Hathaway shareholders Class A common share(16,303"
}
{
    "_id": "BRK.A20231492",
    "title": "",
    "text": "September 1, 2023 Berkshire Hathaway Energy acquired 50% Cove Point LNG $3. 3 billion increased interest 25% 75%. 100% interests. Cove Point consolidated subsidiary direct activities absorb losses benefits. acquired third quarter noncontrolling interest. recorded charge ownership $667 million capital noncontrolling deferred income tax assets."
}
{
    "_id": "BRK.A20231506",
    "title": "",
    "text": "Investments fixed maturity securities summarized millions. Cost Gains Value December 31,. Treasury. government corporations agencies,308 Foreign governments,788,805 Corporate bonds,758 December 31,. Treasury. government corporations agencies#10,039 Foreign governments,454,327 Corporate bonds,195,173"
}
{
    "_id": "BRK.A20231510",
    "title": "",
    "text": "95% foreign government holdings rated AA December 31, 2023. amortized cost estimated value fixed maturity securities summarized contractual maturity dates. differ prepayment rights. one year securities Amortized cost,888,744 Fair value,875,754,758"
}
{
    "_id": "BRK.A20231520",
    "title": "",
    "text": "equity. Basis Gains December 2023 Banks insurance finance,136,176,312 Consumer products,248,895,143 Commercial,355,387,416,842"
}
{
    "_id": "BRK.A20231527",
    "title": "",
    "text": "79% value five Express $28. 4 billion Apple. $174. billion Bank America $34. billion Coca-Cola $23. 6 Chevron $18. 8 billion. 2022 Banks insurance finance Consumer Commercial"
}
{
    "_id": "BRK.A20231528",
    "title": "",
    "text": "75% value five Express $22. Apple. $119 Bank America $34. Coca-Cola $25. Chevron $30."
}
{
    "_id": "BRK.A20231529",
    "title": "",
    "text": "2019 invested $10 billion Stock Occidental Petroleum warrants. 2022 stock. voting interest exceeded 20% August 4 2022 adopted equity method. stock warrants fair value equity Balance Sheets not stock eligible equity."
}
{
    "_id": "BRK.A20231530",
    "title": "",
    "text": "Occidental stock accrues dividends 8% redeemable 2029 redemption 105% liquidation value. December 2023 liquidation $8. 5 billion. issued redemption notifications $1. 5 billion 110% plus dividends. redemptions due excess distributions."
}
{
    "_id": "BRK.A20231531",
    "title": "",
    "text": "Occidental warrants purchase. 86 million shares $59. 62 per share. one year stock redeemed."
}
{
    "_id": "BRK.A20231532",
    "title": "",
    "text": "December 31, 2023 owned 151. 6 million shares American Express common stock 21%. Since 1995 agreement American Express agreed vote shares recommendations Board. agreed passivity commitments Federal Reserve influence policies American Express. use equity method investment investment fair value."
}
{
    "_id": "BRK.A20231536",
    "title": "",
    "text": "Berkshire subsidiaries businesses equity. significant investments Kraft Heinz Company Occidental. December 31, 2023 owned 26. 7% Kraft Heinz 27. 8% Occidental warrants."
}
{
    "_id": "BRK.A20231537",
    "title": "",
    "text": "Kraft Heinz markets condiments cheese dairy meals meats beverages coffee grocery. Occidental energy company oil gas exploration chemicals. financial information. equity one-quarter."
}
{
    "_id": "BRK.A20231545",
    "title": "",
    "text": "stock Kraft Heinz Occidental traded. fair carrying values equity summarized millions. Value Value 31, Kraft Heinz,230,937,035,249 Occidental,484,242,629,066,050"
}
{
    "_id": "BRK.A20231546",
    "title": "",
    "text": "December 31, 2023 excess investments Kraft Heinz Occidental 9% 6%. evaluated investments impairment concluded impairment charges earnings not required."
}
{
    "_id": "BRK.A20231547",
    "title": "",
    "text": "equity investments 50% Berkadia Commercial Mortgage Jefferies through January 2023. mortgage banking sales real estate loans. borrowing $1. 5 billion policy Berkshire insurance. Jefferies losses."
}
{
    "_id": "BRK.A20231548",
    "title": "",
    "text": "accounting. investment $3. 2 billion 2022. earnings $105 million 2023 $812 million 2022 $474 million 2021."
}
{
    "_id": "BRK.A20231549",
    "title": "",
    "text": "December 31, 2023 Kraft Heinz Berkadia equity. Occidental exceeded equity September 30, 2023 $9. 6 billion. excess goodwill."
}
{
    "_id": "BRK.A20231557",
    "title": "",
    "text": "earnings distributions equity investments summarized table millions. earnings 2023 Occidental fourth quarter first nine months 2023. earnings Occidental August 4 September 30. Received ended December Kraft Heinz#758#628#269#521 Occidental####323#1,973#1,863#886#721#829#1,578"
}
{
    "_id": "BRK.A20231568",
    "title": "",
    "text": "Kraft Heinz. 30 2023 31, 2022 Assets,339 Liabilities,617 25 2021 Sales,640,485,042 earnings shareholders,855,363"
}
{
    "_id": "BRK.A20231576",
    "title": "",
    "text": "Occidental. 30, 2023 31, 2022 Assets,609 Liabilities months 2023 revenues,715 earnings shareholders"
}
{
    "_id": "BRK.A20231590",
    "title": "",
    "text": "Investment derivative contract gains three years 2023 summarized millions. Investment gains Equity securities unrealized investment gains securities,144,120,375 gains securities sold,047,372 Fixed maturity securities gains losses(684 Investment gains (losses Derivative contract gains (losses,855,899,542"
}
{
    "_id": "BRK.A20231591",
    "title": "",
    "text": "securities gains losses unrealized. proceeds $40. 6 billion 2023 $33. 7 billion 2022 $15. 8 billion 2021. gains losses sales proceeds fair value. taxable gains losses difference proceeds cost. gains $5. 0 billion 2023 $769 million 2022 $3. 6 billion 2021. gains $3. 0 billion 2023 remeasurement. 6% interest PTC acquisition accounting."
}
{
    "_id": "BRK.A20231601",
    "title": "",
    "text": "Loans finance receivables summarized millions. allowances discounts,664 Allowances credit losses Unamortized discounts points,208"
}
{
    "_id": "BRK.A20231607",
    "title": "",
    "text": "home commercial site-built. Reconciliations credit losses three years 2023 millions. Balance year#856#765#712 Provision credit losses####169######124######88 Charge-offs recoveries(75# Balance December 31#950#856#765"
}
{
    "_id": "BRK.A20231613",
    "title": "",
    "text": "December 31, 2023 home loan balances evaluated impairment 96% balances current. summary performing non-performing home loans before discounts allowances year origination December 31, 2023 millions. Year Performing,368,321,232 Non-performing,379,338,344"
}
{
    "_id": "BRK.A20231615",
    "title": "",
    "text": "lender commercial loan agreements $850 million 2023 $1. 9 billion 2022. decline balances prepayments dispositions. secured evaluated credit losses."
}
{
    "_id": "BRK.A20231630",
    "title": "",
    "text": "receivables millions. Insurance Insurance premiums,395 Reinsurance recoverables,060,106 Trade receivables,449,269,154 Allowances credit losses,490 Railroad utilities energy Trade receivables,182 Allowances credit losses"
}
{
    "_id": "BRK.A20231631",
    "title": "",
    "text": "Receivables 2023 $2. billion. losses $513 million $409 million 2022 $441 million 2021. Charge-offs $474 million $432 $420."
}
{
    "_id": "BRK.A20231642",
    "title": "",
    "text": "Inventories insurance businesses millions. 31, Raw materials,381 Work process Finished goods Goods resale,782,159,366"
}
{
    "_id": "BRK.A20231644",
    "title": "",
    "text": "Inventories utilities $4. 2 billion 2023 $1. 7 billion."
}
{
    "_id": "BRK.A20231653",
    "title": "",
    "text": "summary property plant equipment businesses millions. Land buildings improvements Machinery equipment,010,690 Furniture fixtures,634,298 depreciation,604,185,113"
}
{
    "_id": "BRK.A20231674",
    "title": "",
    "text": "summary property equipment utilities energy businesses millions. utility generation transmission distribution interstate gas pipeline utility subsidiaries. Assets PTC utilities energy. Railroad Land track,350 Locomotives freight cars equipment,256 Construction,124 Accumulated depreciation,464,199,225 Utilities,195,759 Interstate gas pipeline,226,328 power plants,650 Land buildings improvements Machinery equipment Construction Accumulated depreciation,043,268"
}
{
    "_id": "BRK.A20231679",
    "title": "",
    "text": "Depreciation expense three years 2023 millions. Insurance,388,276 Railroad utilities energy,181,392,457,308"
}
{
    "_id": "BRK.A20231691",
    "title": "",
    "text": "Equipment lease aircraft trailers intermodal containers storage units furniture. summarized millions. Railcars Aircraft,537,667,212,144,491 Accumulated depreciation,197,584"
}
{
    "_id": "BRK.A20231696",
    "title": "",
    "text": "Depreciation equipment $1,266 million 2023 $1,209 2022 $1,158 million 2021. Fixed variable lease revenues summarized. Fixed lease,184 Variable"
}
{
    "_id": "BRK.A20231700",
    "title": "",
    "text": "summary future lease receipts December 31, 2023 millions. $#3,942,988"
}
{
    "_id": "BRK.A20231704",
    "title": "",
    "text": "property operating leases. lease buildings offices facilities. lease-use assets liabilities accounts payable accruals. Information leases millions.-of-use assets liabilities term discount rate December 31, 2023,277,299. December 31, 2022."
}
{
    "_id": "BRK.A20231709",
    "title": "",
    "text": "summary future lease payments liabilities December 2023 2022 millions. 1 2 3 4 5 lease payments liabilities December 31 2023#1,422,172,218,299 2022(712"
}
{
    "_id": "BRK.A20231715",
    "title": "",
    "text": "operating lease expense three years 2023 summarized millions. lease,361#1,426 Short-term lease Variable lease#1,803"
}
{
    "_id": "BRK.A20231725",
    "title": "",
    "text": "Reconciliations value goodwill 2023 2022 millions. Balance year,875 Business acquisitions,347 remeasurements foreign currency translation Balance end year,119"
}
{
    "_id": "BRK.A20231726",
    "title": "",
    "text": "goodwill. billion December 31, 2023. 2022."
}
{
    "_id": "BRK.A20231740",
    "title": "",
    "text": "intangible assets summarized millions. 31, 31, 2022 carrying amount amortization carrying value Insurance other Customer relationships,305#7,901,404,765,174 Trademarks names Patents technology,238,109,129,748,150,988,661,327,461,274,187 Railroad utilities energy Customer relationships contracts#4,092#791,301 Trademarks names,174,858#1,045#7,813"
}
{
    "_id": "BRK.A20231741",
    "title": "",
    "text": "railroad utilities energy. net value December 2023. billion."
}
{
    "_id": "BRK.A20231743",
    "title": "",
    "text": "$1,828 2023,233 2022,252 2021. 2024 $2,059 2025,988 2026,898,754 $1,684. indefinite $18. 9 billion 2023 $18. 3 billion 2022 trademarks."
}
{
    "_id": "BRK.A20231753",
    "title": "",
    "text": "cash flow millions. Cash Income taxes,236,412 Interest Insurance,150 Railroad utilities energy,725,195,162 Non-cash investing Liabilities,938,186 lease liabilities right-use,118"
}
{
    "_id": "BRK.A20231757",
    "title": "",
    "text": "restricted statutes. subsidiaries declare $31 billion dividends 2024. fixed maturity securities short-term. $5. 2 billion 2023 $4. 9 billion 2022."
}
{
    "_id": "BRK.A20231759",
    "title": "",
    "text": "shareholders’ equity. insurance subsidiaries $303 billion December 2023 $272 billion 2022. surplus differs assets liabilities. deferred charges life annuity policy acquisition costs unrealized gains deferred income taxes GAAP not statutory. values assets goodwill non entities recognized."
}
{
    "_id": "BRK.A20231779",
    "title": "",
    "text": "unpaid losses expenses excluding retroactive reinsurance contracts three years 2023. liabilities 2022 Alleghany acquisition.Balance Gross liabilities,472,664,854 Reinsurance unpaid losses,025,960 Net liabilities Incurred losses expenses year years,672 Paid losses adjustment expenses year,184,236 Prior years,065,904,249,319 Foreign currency Net liabilities acquired businesses Balance December 31 Net liabilities,704 Reinsurance unpaid losses,960 Gross liabilities,472,664"
}
{
    "_id": "BRK.A20231780",
    "title": "",
    "text": "claim liabilities property casualty insurance costs-not-reported claims. Incurred losses expenses current. net reinsurance recoveries. losses $150 million $925 million 2023 $3. 1 billion 2022$2. 5 billion Hurricane $2. 9 billion 2021$1. 5 billion Hurricane Ida. losses private passenger auto insurance declined 2023 lower frequencies severities increased 2022 2021."
}
{
    "_id": "BRK.A20231784",
    "title": "",
    "text": "reductions $3. 5 billion 2023. 7 billion 2022. 1 billion 2021 losses expenses. 5% 2023. 2% 2022. 0% 2021."
}
{
    "_id": "BRK.A20231785",
    "title": "",
    "text": "reduced liabilities insurance $2. 1 billion 2023. 2022 $2. 4 billion 2021. reductions property. $1. 4 billion 2023 $1. 6 billion 2022 $718 million 2021."
}
{
    "_id": "BRK.A20231786",
    "title": "",
    "text": "liabilities environmental asbestos exposures $2. billion December 2023 $2. 1 billion December 31, 2022. change legal regulatory environment. estimate losses."
}
{
    "_id": "BRK.A20231794",
    "title": "",
    "text": "information claim liabilities. occurrence settlement. reconciliation unpaid losses loss adjustment expenses consolidated liabilities December 31, 2023 millions. Primary Liability Compensation Casualty Unpaid losses ALAE,477,166,230,393,502 Reinsurance recoverable Unallocated loss adjustment expenses,467 Other losses Unpaid losses adjustment expenses"
}
{
    "_id": "BRK.A20231796",
    "title": "",
    "text": "liabilities private passenger auto liability damage. unpaid liabilities actuarial loss. adjusted loss patterns. include average case development IBNR estimates."
}
{
    "_id": "BRK.A20231797",
    "title": "",
    "text": "establish average liabilities damage claims case reserves insufficient time minor damage claims. establish case loss estimates loss adjustment expenses facts merits."
}
{
    "_id": "BRK.A20231798",
    "title": "",
    "text": "Claim estimates reflect uncertainty damage longer claim-tails time. establish additional case development liabilities percentages liabilities. unreported claims IBNR liabilities estimated ultimate claims coverage historical data deducted. average cost per unreported claim produces IBNR liability estimate. record supplemental liabilities difficult."
}
{
    "_id": "BRK.A20231802",
    "title": "",
    "text": "damage liability losses ALAE summarized accident year. IBNR liabilities December 31, 2023 estimated salvage subrogation recoveries. Claim counts accidents policy coverage. counts. Number Reported coverages. millions."
}
{
    "_id": "BRK.A20231816",
    "title": "",
    "text": "Losses ALAE December Accident Year Liabilities Claims 2022,138,699,161 2023,273,295 losses,972 Paid Losses ALAE December Year,251,731 2023,567 losses ALAE,298 unpaid losses ALAE 2022 2023 2022 unpaid losses"
}
{
    "_id": "BRK.A20231836",
    "title": "",
    "text": "Losses ALAE December 31, Accident Year Case Development Liabilities Claims 2019,901,678,191,151,168,797 2020,024,697,123 2021,481,457,229,446,645,903,316,360 2023 losses ALAE Paid Losses ALAE December Accident Year,671,851,084 2020,794 2021,681 2023 losses unpaid losses ALAE 2019 2023 accident unpaid losses ALAEALAE"
}
{
    "_id": "BRK.A20231842",
    "title": "",
    "text": "liabilities losses expenses medical liability workers’ compensation casualty insurance. losses ALAE summarized accident year disaggregated compensation. liabilities December 31, 2023. cumulative claims no liability payment. Dollars millions."
}
{
    "_id": "BRK.A20231873",
    "title": "",
    "text": "estimate losses adjustment expenses medical liabilities actuarial methodologies Bornhuetter insured loss exposures trends. methodologies produce estimates best estimate. study accident years adjust estimates claim age coverage experience.Losses ALAE December 31, Accident Year Case Development Liabilities Claims thousands 2014#1,370,375,305#1,246#1,218,127#1,061#1,033#1,029#1,007 2015,374,342####1,269,157#12,392,394,341,188#15 2017,382,349,315#21 2018####1,616#24 2019#21 2021,787####1,053#25 2022####1,403#20#17losses ALAE,960###### Paid Losses ALAE December 31, Accident Year 2014#396#540#671#752 2015####822 2017 2018 2019####314 2021 2022 losses ALAE,277###### unpaid losses ALAE 2014 2023 accident years,683###### unpaid losses ALAE before 2014unpaid losses"
}
{
    "_id": "BRK.A20231908",
    "title": "",
    "text": "evaluate loss adjustment estimates workers’ compensation casualty claims Bornhuetter-Ferguson chain-ladder paid incurred data. segregated state frameworks. study lost wages medical expenses costs investigations administration. establish case liabilities facts circumstances. excess losses case-basis liabilities included IBNR liabilities.Losses ALAE December 31, Accident Year Case Development Liabilities Claims thousands 2014#2,138#2,064 2015####2,539,455,428,402,408#120,931,793######2,772 2017,299,310,322,320,321 2018,886####3,967,030,091,177 2019####4,623#184,030####4,774####1,467 2021####5,882,455#316 2022####6,757,646#308,299,187 losses ALAE Paid Losses ALAE December 31, Accident Year 2014#286#683#1,002,600 2015####804,187####908,359######1,765,998,140 2017####1,133######1,645####2,050,279,492 2018,340####1,902####2,324,746 2019####1,598,214####1,498####2,066 2021 2022 losses ALAEunpaid losses ALAE 2014 2023 years,643###### losses 2014 ALAE"
}
{
    "_id": "BRK.A20231911",
    "title": "",
    "text": "methodologies estimates property casualty liabilities. include loss Bornhuetter-Ferguson frequency severity ground-up techniques."
}
{
    "_id": "BRK.A20231915",
    "title": "",
    "text": "claim liabilities losses ceding companies case development IBNR estimates. estimates individually bulk contracts. evaluate losses establish liabilities."
}
{
    "_id": "BRK.A20231916",
    "title": "",
    "text": "IBNR liabilities affected loss patterns ratios evaluated-by-contract. liabilities catastrophe based per-contract ultimate cost loss. Claim count data ceding companies unreliable."
}
{
    "_id": "BRK.A20231917",
    "title": "",
    "text": "incurred paid losses ALAE BHRG disaggregated shorter. contracts coverage multiple lines business report loss. allocated losses property casualty internal estimates. losses ALAE summarized accident year. IBNR development liabilities December 31, 2023. millions."
}
{
    "_id": "BRK.A20231947",
    "title": "",
    "text": "Losses ALAE December Accident Year Case Development Liabilities 2014#3,095,725,432,400 2015,605####3,414,232,253,255,248,272,155,150,139,117,106 2017,397####5,791 2018,437,293,299,249 2019,129####4,901####162,208####6,876####6,657 2021 2022,880,453,228,140 losses ALAE,885Paid Losses ALAE December Accident Year 2014,135,187,218,242,272,295 2015,210,721,933,214,167,632,741,820 2017,348,171,364,454 2018,735,020,265 2019,898,058####3,584####4,634,298 2021,095,414 2022,333,777 losses,855 unpaid losses ALAE 2014 – 2023 accident,030 unpaid losses ALAE accident losses"
}
{
    "_id": "BRK.A20231981",
    "title": "",
    "text": "Losses ALAE December Accident Year Case Development Liabilities 2014#3,507,672,619#3,456,334,298,265#424 2015,628,668,364,310,312####373,788,870,819,775,746,773 2017,039,351,244,176,165,222 2018,489,358,285,370 2019,214,231 2021,310,285####5,957,299 2022,112 losses ALAE#49,870 Paid Losses ALAE December Accident Year 2014#429,390,103,405,493 2015####995,197,481,359,149,420,789,963 2017,478,727,945,171 2018,792,258,637 2019,423,190,736,715,379 2021 2022,338 losses ALAE,044 unpaid losses ALAE 2014 2023 accident yearsunpaid losses ALAE accident 2014,393"
}
{
    "_id": "BRK.A20231991",
    "title": "",
    "text": "claims net losses ALAE accident year data tables. percentages average net losses ALAE year year 1 current accident year. Annual Percentage Payout Incurred Losses Age Net Reinsurance GEICO Physical Damage GEICO Auto Liability BH Primary Medical Professional Liability Primary Workers’ Compensation Casualty BHRG Property BHRG Casualty"
}
{
    "_id": "BRK.A20232007",
    "title": "",
    "text": "Retroactive reinsurance policies losses adjustment expenses short contracts inception asbestos environmental tort claims. subject policy limits exposure limited. liabilities unpaid losses expenses three years December 31, 2023. Balance,415,855,623 Incurred losses adjustment expenses Current contracts Prior contracts Paid losses adjustment expenses Foreign currency effect Balance December 31,647,415,855 Incurred losses expenses Deferred charge amortization adjustments Incurred losses expenses Consolidated Statements Earnings"
}
{
    "_id": "BRK.A20232008",
    "title": "",
    "text": "preceding table classification losses adjustment expenses inception dates exposure. analysis losses accident year irrelevant exposure incepts contract classification claims case development liabilities value."
}
{
    "_id": "BRK.A20232009",
    "title": "",
    "text": "Incurred losses expenses include amortization payments. 2023 increased liabilities $1. 1 billion $650 million. asbestos environmental casualty claims. Unamortized deferred charges contracts $9. 5 billion 2023 $9. 9 billion 2022."
}
{
    "_id": "BRK.A20232010",
    "title": "",
    "text": "retroactive reinsurance liabilities analyze patterns project losses probability scenarios. expect claim-tail long contracts decades. monitor review reports. revise timing amounts losses."
}
{
    "_id": "BRK.A20232011",
    "title": "",
    "text": "monitor law asbestos environmental tort claims. Changing laws toxins events claims theories liability contract interpretations liabilities. estimate net loss. liabilities asbestos environmental exposures $12. 2 billion 2023 $12. 1 billion 2022."
}
{
    "_id": "BRK.A20232021",
    "title": "",
    "text": "write periodic payment annuity life health insurance contracts long-duration GAAP. summary annuity insurance liabilities incurred-not-reported settlement millions. 31, Periodic payment annuities,212,640,153 Life health Other liabilities,252,234,213,753,295"
}
{
    "_id": "BRK.A20232050",
    "title": "",
    "text": "Reconciliations annuity health insurance reinsurance three years December 2023 millions. changes policy benefits net premiums. premiums policy benefits expenses.annuities health future policy benefits Balance year,640,153,122,008,648#66,528 original discount rates,569,247 cash flow changes(829 experience Change benefits(297 Interest accrual Foreign currency effect Balance December 31 original discount rates,261,133 changes discount rate assumptions(469(909####4,892(13,206 Balance December 31,212,640,153,665,008,648 Expected future net premiums Balance,129,960,198 Balance original discount rates,370 cash flow changes experience premiums Interest accrual,444 Foreign currency effect(1,943 Balance December 31 original discount rates,277 discount rate assumptions,406,683 Balance December,129,960 Liability future policy benefits Balance December 31,212,640,153 Reinsurance recoverables,571,559,152 Balance December reinsurance recoverables,212,640,153,178,320"
}
{
    "_id": "BRK.A20232058",
    "title": "",
    "text": "undiscounted discounted future premiums benefits annuities life health insurance December 31, 2023 2022 2021 summarized millions. benefits Periodic payment annuities,156,260 Life health####117,078,321,768,460,378,544,224"
}
{
    "_id": "BRK.A20232063",
    "title": "",
    "text": "premiums long-duration contracts interest expense life annuity health benefits Consolidated Statements Earnings. premiums interest expense reinsurance ceded three years December 2023 millions. Expense annuities Life health,627,760"
}
{
    "_id": "BRK.A20232074",
    "title": "",
    "text": "discount rates interest accretion rates contract durations December 2023 2022 2021 payment annuities life health insurance. discount rate. 7 accretion rate. duration years years years Life discount rate. accretion rate. duration years years years"
}
{
    "_id": "BRK.A20232089",
    "title": "",
    "text": "Average Insurance Berkshire Hathaway. Dollar 2025-2047. Euro 2024-2041.,344 Japanese Yen 2024-2060. Hathaway Finance Corporation. Dollar 2027-2052. Pound 2039-2059. Euro 2030-2034.,332 subsidiary borrowings 2024-2051. subsidiary borrowings."
}
{
    "_id": "BRK.A20232093",
    "title": "",
    "text": "Berkshire borrowings senior unsecured debt. repaid $4. 3 billion issued ¥286. 4 billion $2. 05 billion interest rate 1. 15% maturity 2026 2058. Borrowings BHFC Berkshire housing loans equipment lease. guaranteed Berkshire. subsidiaries $2. 7 billion December 31, 2023. payment."
}
{
    "_id": "BRK.A20232094",
    "title": "",
    "text": "Berkshire BHFC. notes. 85 £1. 75 billion billion 2023 exchange rates. earnings. pre-tax gains $217 million 2023 $1. 7 billion 2022 $1. 3 billion 2021."
}
{
    "_id": "BRK.A20232105",
    "title": "",
    "text": "Average Railroad utilities Berkshire Hathaway Energy subsidiaries debt 2025-2053. debt 2024-2064. borrowings. Pilot Travel Centers subsidiaries 2024-2028. Burlington Northern Santa Fe 2024-2097."
}
{
    "_id": "BRK.A20232106",
    "title": "",
    "text": "BHE subsidiary debt agreements. assets pledged debt. leverage interest debt service. 2023 issued $4. 2 billion interest 5. 7% maturity 2033 2055 repaid $3. 7 billion. 2024 issued $5. 1 billion 5. 4% maturity 2029 2055 repaid $2. 8 billion."
}
{
    "_id": "BRK.A20232107",
    "title": "",
    "text": "secured. unsecured. issued $1. 6 billion. debentures 2054 repaid $1. 6 billion. 2023 BHE BNSF PTC debt covenants. Berkshire debt borrowings."
}
{
    "_id": "BRK.A20232108",
    "title": "",
    "text": "Unused paper $9. 4 billion December 2023 $6. billion BHE."
}
{
    "_id": "BRK.A20232113",
    "title": "",
    "text": "Debt principal repayments next five years millions. 2024 include short-term borrowings. Insurance#3,295 Railroad utilities energy,564,020,859,048#4,549"
}
{
    "_id": "BRK.A20232123",
    "title": "",
    "text": "Liabilities taxes Consolidated Balance Sheets millions. 31, payable Deferred,009,368"
}
{
    "_id": "BRK.A20232142",
    "title": "",
    "text": "tax differences deferred income tax assets liabilities millions. Deferred tax liabilities Investments unrealized appreciation,150 Deferred charges reinsurance Property,991 Goodwill intangible assets,010,749 Deferred tax assets Unpaid losses expenses Unearned premiums Accrued liabilities Regulatory liabilities Deferred revenue,282 deferred income tax liability"
}
{
    "_id": "BRK.A20232143",
    "title": "",
    "text": "established deferred taxes earnings foreign subsidiaries indefinitely. Repatriation earnings impracticable. no. federal taxes future distributions foreign earnings law. distributions. jurisdictions local taxes."
}
{
    "_id": "BRK.A20232152",
    "title": "",
    "text": "Income tax expense Consolidated Statements Earnings three years 2023 millions. U. S. Federal,764,316,384. State####763 Foreign#23,019(8,502,912 Current#7,642,326 Deferred,377(13,317,586,912"
}
{
    "_id": "BRK.A20232165",
    "title": "",
    "text": "Income tax expense reconciled hypothetical amounts. federal rate three years 2023. Earnings before taxes,166 income tax expense. federal rate,235,491 Dividends deduction tax-exempt interest State income taxes less. federal income tax effect. income tax credits differences,912 Effective income tax rate."
}
{
    "_id": "BRK.A20232166",
    "title": "",
    "text": ". income tax credits wind-energy affordable housing investments."
}
{
    "_id": "BRK.A20232167",
    "title": "",
    "text": "file income tax returns U. S. state foreign jurisdictions. settled liabilities. federal 2011. 2012 2013 review Office Appeals auditing 2014 2019. under state foreign jurisdictions. possible 2024. unresolved issues material Consolidated Financial Statements."
}
{
    "_id": "BRK.A20232168",
    "title": "",
    "text": "2023 2022 unrecognized tax benefits $480 $440 million. $420 million tax positions tax rate. increases 2024."
}
{
    "_id": "BRK.A20232169",
    "title": "",
    "text": "August 16, 2022 Inflation Reduction Act 2022 signed law. 15% corporate income tax expanded tax credits clean energy 1% excise tax stock repurchases. effective December 31, 2022. CAMT tax year. CAMT liability 2023. Internal Revenue Service. Department Treasury guidance. impact."
}
{
    "_id": "BRK.A20232170",
    "title": "",
    "text": "Organization Economic Co-operation Development issued Pillar Two rules global minimum tax 15% effective January 1, 2024. U. S. governments enacting legislation. worldwide operations. increase global tax costs. uncertainty final Pillar Two rules. global legislative impacts."
}
{
    "_id": "BRK.A20232186",
    "title": "",
    "text": "financial assets liabilities summarized fair values millions. carrying values cash equivalents. Treasury Bills receivables accounts accruals liabilities. Prices December 31, 2023 Investments fixed maturity securities. Treasury. government corporations agencies Foreign governments Corporate bonds Investments equity securities Kraft Heinz Occidental common stock Loans receivables Derivative contract assets liabilities"
}
{
    "_id": "BRK.A20232200",
    "title": "",
    "text": "Insurance,184 Railroad utilities energy,579 December 31, 2022 Investments fixed maturity securities. Treasury. government Foreign governments,327 Corporate bonds,195 Investments securities,174 Kraft Heinz Occidental stock,491 Loans finance receivables,208,428 contract assets liabilities"
}
{
    "_id": "BRK.A20232203",
    "title": "",
    "text": "Insurance,538,061 Railroad utilities,206,651"
}
{
    "_id": "BRK.A20232204",
    "title": "",
    "text": "(1)Assets liabilities accounts accruals."
}
{
    "_id": "BRK.A20232208",
    "title": "",
    "text": "values financial instruments measured market income. hierarchy Levels 1 3."
}
{
    "_id": "BRK.A20232209",
    "title": "",
    "text": "Inputs unadjusted prices assets markets."
}
{
    "_id": "BRK.A20232210",
    "title": "",
    "text": "Level 2 Inputs include observable inputs quoted prices assets active interest rates yield curves volatilities prepayment speeds loss severities credit risks default rates derived market data. Pricing evaluations reflect discounted future cash flows yield curves credit ratings estimated durations yields instruments."
}
{
    "_id": "BRK.A20232211",
    "title": "",
    "text": "Level 3 Inputs unobservable inputs assets liabilities. Management assumptions little market activity corroborate inputs. inputs require projections assumptions market participants valuing."
}
{
    "_id": "BRK.A20232219",
    "title": "",
    "text": "Reconciliations assets liabilities fair value recurring unobservable inputs (Level 3) three years ending 2023 millions. (losses dispositions Level end Investments equity securities 2023,169 2022 2021 Equity index option contract liabilities 2021"
}
{
    "_id": "BRK.A20232226",
    "title": "",
    "text": "December 31, 2023 assets value unobservable inputs 3). Value Valuation Techniques Inputs Investments equity Preferred stock,688 cash flow years transferability Common stock warrants pricing"
}
{
    "_id": "BRK.A20232231",
    "title": "",
    "text": "equity securities preferred common stock warrants market values GAAP. private placements transfers hedging. applied discounted cash flow techniques assumptions duration effects subordination liquidation. common stock warrants warrant valuation model. assumptions duration volatility."
}
{
    "_id": "BRK.A20232244",
    "title": "",
    "text": "changes stock three years 2023. 1,000,000 shares preferred stock authorized none issued. A $5 shares B.Value (3,225,000,000 shares Balance December 31, 2020,359,852,316,381,350,043,471 Conversions Class A B stock,622,933,000 stock acquired Balance December 31, 2021,901,113,292,852,349,474,503 Conversions Class A B stock stock acquired Balance December 31, 2022,450,969,352,276,302,254,076 Conversions Class A B common stock,122,183,000 stock acquired,568 Balance December 31, 2023,328,775,152,352,590,844,561,508"
}
{
    "_id": "BRK.A20232245",
    "title": "",
    "text": "Class A share vote per. B dividend distribution rights equal (1/1,500) A. B (1/10,000) A. A B vote single. A convertible 1,500 shares B. B not convertible A. 1,441,483 shares December 31, 2023 1,459,733 shares December 31, 2022."
}
{
    "_id": "BRK.A20232246",
    "title": "",
    "text": "two classes common stock earnings per share A B. B shares equivalent (1/1,500) Class A. A A shares one-hundredth (1/1,500) B shares. B shares 1,500 A."
}
{
    "_id": "BRK.A20232247",
    "title": "",
    "text": "Berkshire’s stock repurchase program permits Warren Buffett believes repurchase price below intrinsic value. program repurchases open market privately maximum. repurchases value cash equivalents. Treasury Bill holdings below $30 billion. obligate amount Class A B shares no expiration date."
}
{
    "_id": "BRK.A20232293",
    "title": "",
    "text": "table summarizes customer contract revenues segment source three years 2023 millions. Revenues PTC eleven months. insurance premiums interest dividend investment leasing revenues.2023 Retailing Hathaway Energy Corporate Manufactured products Industrial commercial#28,066,299 Building,119 Consumer,702 Grocery convenience distribution Food beverage distribution,040 Auto sales,747 retail distribution,289,289,423,001 Service,474,724,055 Electricity natural gas fuel,647,774,421 Total,633,743,724,702,461 Other revenues,136,091,283,879,79125,960,664,091 2022 Manufactured products Industrial commercial,566,765 Building,762 Consumer Grocery convenience store distribution Food beverage distribution,388 Auto sales,486 retail wholesale distribution,195,126 Service,199,103,742 Electricity natural gas,317 Total,634,090,055,742,250 Other revenues,016,154,803,249,650,209,209,802,803 2021products Industrial commercial,184 Building,604 Consumer Grocery convenience store distribution Food beverage distribution,332 Auto sales retail wholesale distribution,997,898,895 Service,123,120,063 Electricity natural gas,264 Total####64,811,328,146,120,847 Other revenues,766####4,601,182#68,577,450,747,177,182,185"
}
{
    "_id": "BRK.A20232301",
    "title": "",
    "text": "summary transaction price unsatisfied performance obligations year December 31, 2023 timing millions. 12 12 Electricity natural gas fuel sales service contracts,163,181,344"
}
{
    "_id": "BRK.A20232308",
    "title": "",
    "text": "Berkshire subsidiaries sponsor defined benefit pension plans. Benefits based years service fixed rates. net pension expense three years 2023. Service cost Interest cost Expected return plan assets(785(975,008 Net pension expense(32(156(138"
}
{
    "_id": "BRK.A20232309",
    "title": "",
    "text": "projected benefit obligation benefits valuation assumptions future. obligations. benefit pension plans funded trusts. unfunded PBOs $1. billion $1. 1 billion December 2023 2022. costs plans recoverable."
}
{
    "_id": "BRK.A20232329",
    "title": "",
    "text": "funded Consolidated Balance Sheets 2023 2022 reconciliations PBOs pension years 2023 millions.Balance year,215#9,523,738#4,780,012,792 Service cost Interest cost Benefits paid(578(852(250(835 Settlements paid(448(164(678(842 Actuarial losses,305,735,040 Balance end year#3,269,498,767,215#9,523,738 Plan Balance year#3,376,216,592,158,462,620 Employer contributions Benefits paid(578(852(250(835 Settlements paid(448(164#(678(842 return plan assets,162,971,133#(235(145(380# Balance end year#3,471,379,376,216,592 Funded status net liability(202###(161#307#146#"
}
{
    "_id": "BRK.A20232333",
    "title": "",
    "text": "2023 $1,823 liabilities $1,211 million. 2022 $1,510 $1,656 million."
}
{
    "_id": "BRK.A20232339",
    "title": "",
    "text": "accumulated benefit obligation value benefits valuation. $12. 3 billion December 2023 $12. 2 billion 2022. plans PBOs ABOs December 2023 2022. PBOs ABOs"
}
{
    "_id": "BRK.A20232345",
    "title": "",
    "text": "assumptions PBOs pension expense. Discount rate PBOs. Expected long-term rate return plan assets. Rate compensation increase. Discount rate pension expense."
}
{
    "_id": "BRK.A20232346",
    "title": "",
    "text": "2024 $895 2025 $886 2026 $885 $896 $885 $4,434. $118 million 2024."
}
{
    "_id": "BRK.A20232361",
    "title": "",
    "text": "value measurements assets December 2023 2022 millions. value December 31, 2023 Cash cash equivalents Equity securities,487 Fixed maturity securities,138 Investment funds,379 December 31, 2022 Cash cash equivalents#602 Equity securities Fixed maturity securities,152 Investment funds,165,592"
}
{
    "_id": "BRK.A20232362",
    "title": "",
    "text": "Note 21 fair value measurements. Plan assets invested long earnings obligations prudent risk. Allocations change market conditions opportunities. expected rates return reflect subjective-term. past returns. experience rates."
}
{
    "_id": "BRK.A20232371",
    "title": "",
    "text": "reconciliation pre-tax income defined benefit pension plans two years 2023 millions. Balance(738(485# pension expense#####123# Actuarial gains# end year(161##(738#"
}
{
    "_id": "BRK.A20232373",
    "title": "",
    "text": "subsidiaries sponsor retirement. contributions limitations provisions. matching contributions. expense $1. 1 billion 2023. 8 billion 2022 $1. billion 2021."
}
{
    "_id": "BRK.A20232384",
    "title": "",
    "text": "summary net changes after-tax income Berkshire Hathaway shareholders three years 2023 millions. gains currency insurance pension Balance December 31, 2020(3,082,645,243 Adoption ASU 2018-12 Balance January 1, 2021(3,082,645(9,994 Other comprehensive income,010 Balance December 31, 2021,092,096(8,123 income,050 Balance December 31, 2022,142,052 income Balance December 31, 2023,393,353,763"
}
{
    "_id": "BRK.A20232388",
    "title": "",
    "text": "businesses include insurance manufacturing service retailing. segments management. businesses grouped similar marketing selling distribution. acquired control PTC January 31, 2023 reportable February 1, 2023. earnings capital expenditures eleven months December 31, 2023. earnings equity non-controlled businesses."
}
{
    "_id": "BRK.A20232389",
    "title": "",
    "text": "tabular shows segments Consolidated Financial Statements. Intersegment transactions eliminated results. derivative gains/losses impairments amortization business acquisition accounting adjustments corporate income expense. included reconciliations consolidated."
}
{
    "_id": "BRK.A20232401",
    "title": "",
    "text": "segments. Business Insurance GEICO automobile insurance Berkshire Hathaway Primary Group property casualty insurance commercial Reinsurance excess-loss quota-share facultative reinsurance Railroad Berkshire Hathaway Energy electric gas utility power generation distribution real estate brokerage Pilot Travel Centers operator travel wholesale fuel services McLane Company distribution groceries non-food aircraft ownership aviation pilot training electronic components trailer furniture leasing"
}
{
    "_id": "BRK.A20232446",
    "title": "",
    "text": "disaggregation data three years millions.before taxes Operating Businesses Insurance Underwriting GEICO,264#38,984,635 Berkshire Hathaway Primary Group,746 Berkshire Hathaway Reinsurance Group,010######21,846 Insurance underwriting Investment income Total insurance,022######82,310 BNSF,888 BHE,393,293 PTC Manufacturing,405######75,781 McLane,209 Service retailing,996######38,303,884,466 Reconciliation consolidated amount Investment derivative gains(67,899,542 Interest expense not allocated segments(426(420 Non businesses Corporate eliminations other(171,181######422#364,482#302,020,185,166(30,500#111,861 tax expense Operating Insurance BNSF,283######2(2,022(1,629,153 PTC Manufacturing,193 McLaneService retailing,141 Reconciliation consolidated Investment derivative gains(14,166 Interest expense not allocated(90(88(96 Non businesses Corporate eliminations(53#(14(111(240#5,003,352,172(8,502,912"
}
{
    "_id": "BRK.A20232475",
    "title": "",
    "text": "tangible assets Operating Insurance BNSF,910,479,406 BHE,148,702 PTC Manufacturing,714,477,100 McLane Service retailing####1,775####1,487,177#19,409,464,276,658,465 year assets year-end Operating Insurance,563,548,181,860#459,917#483,417 BNSF,350,852,852,227,752,586 BHE,804,745,906,383,114 PTC,404 Manufacturing,463,578,231 McLane,049 Service retailing,241,282,241,600,291,119,875 consolidated Corporate,142,645,770 Goodwill,119,875,069,978,465,388"
}
{
    "_id": "BRK.A20232488",
    "title": "",
    "text": "Property/casualty life/health insurance premiums summarized millions./Health Premiums Written,990,700,829#582,402,155(1,015#(33#(37#(40#,339#70,688,275,093#5,767,276 Premiums Earned Direct,437,879,139#582,263######5,698,548(1,293(1,054#(33#(39#(41#,331,770,157#5,072#5,806,303"
}
{
    "_id": "BRK.A20232496",
    "title": "",
    "text": "Insurance premiums geographic region domicile insured summarized millions./Health United States#67,831,648,451#1,285,107,143 Asia Pacific,306,822 Western Europe,014,323,188,389,339,688,275,093#5,767,276"
}
{
    "_id": "BRK.A20232501",
    "title": "",
    "text": "sales leasing revenues $164. billion 2023 $165. 2022 $151. 2021. 85% 2023 2022 2021. Europe Asia-Pacific Canada. utilities energy revenues $101. billion 2023 $52. 2022 $48. billion 2021. 94% 2023 96% 2022 2021. 2023 90% property remainder Kingdom Canada."
}
{
    "_id": "BRK.A20232502",
    "title": "",
    "text": "parties in legal actions liability insurance reinsurance contracts Berkshire subsidiaries. Plaintiffs seek punitive exemplary damages. believe litigation financial condition."
}
{
    "_id": "BRK.A20232503",
    "title": "",
    "text": "PacifiCorp Hathaway Energy Company operates electric utility Oregon Western states. September 2020 severe weather high winds low humidity warm temperatures wildfires damage injuries loss power outages Oregon Northern California. wildfires spread Siskiyou Jackson Douglas Marion Lincoln Klamath 500,000 acres. 2,000 structures destroyed damaged injured fatalities."
}
{
    "_id": "BRK.A20232504",
    "title": "",
    "text": "July McKinney Fire Oak Knoll Ranger Klamath National Forest Siskiyou. 11 185 destroyed 12 injuries four fatalities 60,000 acres. 2020 2022."
}
{
    "_id": "BRK.A20232505",
    "title": "",
    "text": "Investigations Wildfires complex conducted. Forest Service California Public Utilities Commission Oregon Forestry Justice PacifiCorp experts."
}
{
    "_id": "BRK.A20232506",
    "title": "",
    "text": "complaints 2020 Wildfires filed Oregon California class action verdicts June 2023 January 2024. plaintiffs seek economic noneconomic mental suffering distress personal injury loss life punitive attorneys’ fees. insurance carriers filed subrogation complaints. U. S. Oregon Departments Justice PacifiCorp actions. PacifiCorp cooperating. alternative dispute resolution."
}
{
    "_id": "BRK.A20232507",
    "title": "",
    "text": "lawsuits 2020 Wildfires Oregon California PacifiCorp Jeanyne James. PacifiCorp. Multnomah. plaintiffs economic non-economic mental distress personal injury loss punitive attorneys’ fees."
}
{
    "_id": "BRK.A20232508",
    "title": "",
    "text": "Oregon California approximate $8 billion excluding doubling trebling. California specify damages. Final determinations liability investigations. lawsuits filed California 2022 Wildfire. seek economic non-economic mental suffering distress personal injury loss life punitive attorneys’ fees specified."
}
{
    "_id": "BRK.A20232512",
    "title": "",
    "text": "June 2023 jury 17 James case PacifiCorp liable 2020 Wildfires. awarded $90 million damages $4 million economic property $68 million non-economic $18 million punitive."
}
{
    "_id": "BRK.A20232513",
    "title": "",
    "text": "September 2023 Multnomah Circuit Court ordered jury trials 10 members third commercial timber plaintiffs. first nine plaintiffs January 2024 remaining April 2024."
}
{
    "_id": "BRK.A20232514",
    "title": "",
    "text": "January 2024 Multnomah County Circuit Court judgment award June 2023 James case verdict. awards damages doubling economic damages insurance proceeds. lien PacifiCorp debt. bond stays payment appeals. ORS. interest per annum judgment paid appellate court."
}
{
    "_id": "BRK.A20232515",
    "title": "",
    "text": "January 2024 jury James awarded plaintiffs $62 million $6 million economic $56 million noneconomic. Multnomah doubled economic damages $12 million added $16 million punitive. multiplier 2023. PacifiCorp insurance."
}
{
    "_id": "BRK.A20232516",
    "title": "",
    "text": "PacifiCorp filed awards June 2023 verdict James case stay trials. February 14 2024 Oregon Court Appeals denied. appeal awards January 2024 verdict. February 13, 2024 17 plaintiffs cross-appeal January 2024 judgment. appeals years."
}
{
    "_id": "BRK.A20232517",
    "title": "",
    "text": "provision loss contingency recorded probable liability incurred loss estimated. PacifiCorp evaluates losses records loss best estimate."
}
{
    "_id": "BRK.A20232518",
    "title": "",
    "text": "Estimated losses Wildfires based information cause investigations settlement mediation discussions legal proceedings status James case. Wildfire losses include fire suppression costs property natural resource damages non-economic damages personal injury loss life subject change information."
}
{
    "_id": "BRK.A20232519",
    "title": "",
    "text": "PacifiCorp Wildfire losses $1. 9 billion 2023 $225 million 2022. $1. 7 billion $64 million 2022. paid $631 million settlements 2023 $53 million 2022. charges $2. 4 billion."
}
{
    "_id": "BRK.A20232520",
    "title": "",
    "text": "possible PacifiCorp incur Wildfire losses beyond accrued unable estimate losses due properties parties claimants variation lack details outcome legal actions."
}
{
    "_id": "BRK.A20232524",
    "title": "",
    "text": "HomeServices America. subsidiary BHE eleven antitrust cases federal district courts. plaintiffs claim subsidiaries inflate real estate commissions listing rules commission split property. complaints specify damages. two cases allege Texas deceptive trade practices provided damages $9 billion."
}
{
    "_id": "BRK.A20232525",
    "title": "",
    "text": "Burnett. HomeServices. jury trial October 16, 2023 verdict October 31, 2023 conspiracy Cooperative Compensation Rule commission rates home sellers. damages $1. 8 billion. Federal law authorizes trebling damages pre-judgment interest attorney fees. co-defendants. HomeServices findings damage award. appeals years."
}
{
    "_id": "BRK.A20232526",
    "title": "",
    "text": "HomeServices believes losses jury verdict Burnett damages $5. 4 billion excluding attorneys’ fees prejudgment interest costs. estimate loss liability early appeals process."
}
{
    "_id": "BRK.A20232527",
    "title": "",
    "text": "possible HomeServices incur losses ten antitrust cases. unable estimate losses due lack information plaintiff class potential damages liability defendants."
}
{
    "_id": "BRK.A20232528",
    "title": "",
    "text": "Berkshire subsidiaries involved legal actions assert claims impose fines penalties. believe liabilities actions financial condition results operations."
}
{
    "_id": "BRK.A20232529",
    "title": "",
    "text": "subsidiaries purchase Financial Statements. commitments utilities energy aircraft ownership leasing materials purchase. December 2023 future payments $10 billion 2024 $4 billion 2025 $3 billion 2026 $3 2027 $2 billion 2028."
}
{
    "_id": "BRK.A20232530",
    "title": "",
    "text": "obligated acquire noncontrolling interests less-owned subsidiaries future agreements cash assets. timing amount future payments future actions value interest acquired."
}
{
    "_id": "BRK.A20232532",
    "title": "",
    "text": "Disagreements Financial Disclosure"
}
{
    "_id": "BRK.A20232535",
    "title": "",
    "text": "end period Annual Report on Form 10-K Corporation management effectiveness disclosure controls procedures Exchange Act Rule 13a-15. concluded disclosure controls procedures effective alerting information subsidiaries SEC filings. report Item 308(a) Regulation S-K incorporated Management’s Report on Internal Control Over Financial Reporting page K-66. attestation report Item 308(b) Report Independent Registered Public Accounting Firm page K-67. no change in internal control over financial reporting quarter ended December 31, 2023."
}
{
    "_id": "BRK.A20232537",
    "title": "",
    "text": "Berkshire adopted Rule 10b5-1 408 Regulation no directors adopted terminated Rule 10b5-1-Rule fourth quarter 2023."
}
{
    "_id": "BRK.A20232539",
    "title": "",
    "text": "."
}
{
    "_id": "BRK.A20232541",
    "title": "",
    "text": "Officers Part I 10 11 12 13 14 incorporated proxy statement Regulation 14A Annual Meeting Shareholders May 4 2024 election directors."
}
{
    "_id": "BRK.A20232552",
    "title": "",
    "text": "Consolidated Financial Statements Report Independent Accounting Firm Part II Item 8 Independent Accounting Firm ID. 34)-67 Balance December 2023 2022 2023 2022 2021-72 Comprehensive 2023 2022 2021-73 Shareholders’ December 2023 2022 2021-73 Cash 2023 2022 2021-74"
}
{
    "_id": "BRK.A20232558",
    "title": "",
    "text": ". Financial Statement Schedule Accounting Firm Company Information Balance Sheets December 2023 2022 Earnings Income Cash Flows 2023 2022 2021-120 schedules omitted required Consolidated Financial Statements."
}
{
    "_id": "BRK.A20232559",
    "title": "",
    "text": "page K-122."
}
{
    "_id": "BRK.A20232563",
    "title": "",
    "text": "."
}
{
    "_id": "BRK.A20232565",
    "title": "",
    "text": "audited consolidated financial statements Berkshire Hathaway Inc. subsidiaries December 31, 2023 2022 three years December 31, 2023 internal control financial reporting issued report February 24, 2024 statements included Form 10-K. audits included financial statement schedule Index Item 15. responsibility management. express opinion. presents information."
}
{
    "_id": "BRK.A20232586",
    "title": "",
    "text": "31, Assets Cash,777. Treasury Bills subsidiaries Kraft Heinz,937 assets,448 Liabilities Equity Accounts payable accrued interest liabilities Income taxes deferred"
}
{
    "_id": "BRK.A20232590",
    "title": "",
    "text": "Berkshire Hathaway equity,448"
}
{
    "_id": "BRK.A20232611",
    "title": "",
    "text": "December 31, Income items consolidated subsidiaries Dividends distributions,717,462 Undistributed earnings,579,855,423 Investment gains Equity Kraft Heinz Company Other income(22,848,800 Cost expense General administrative Interest expense Foreign exchange gains non. Dollar debt Income tax expense Net earnings (loss Berkshire Hathaway shareholders,759 income#97,512,688,808"
}
{
    "_id": "BRK.A20232646",
    "title": "",
    "text": "December 31, Cash flows activities Net earnings Berkshire Hathaway shareholders,223,759 Adjustments Investment losses losses consolidated subsidiaries,550 Non dividends subsidiaries Income taxes(1,833 Net cash flows operating activities,388 activities Investments consolidated subsidiaries Purchases. Treasury Bills,278,187,988 Sales maturities.Treasury Bills,296 Net cash flows(17,996,134 Cash flows financing Proceeds borrowings,174 Repayments borrowings,310,167 Acquisition treasury stock(9,171(7,854(27,061 Net cash flows financing,486(27,054 Increase cash equivalents(16,020,329 end#5,566,777 Income taxes,259 Interest"
}
{
    "_id": "BRK.A20232648",
    "title": "",
    "text": "2022 2021 Accounting Standards Long-Duration Contracts. Consolidated Financial Statements."
}
{
    "_id": "BRK.A20232649",
    "title": "",
    "text": "December 2023 Berkshire. 7% Kraft Heinz equity. 5. October 19, 2022 acquired Alleghany Corporation $11. 5 billion. 2."
}
{
    "_id": "BRK.A20232650",
    "title": "",
    "text": "Parent Company repaid $4. 3 billion issued. billion $2. 05 billion interest. 15% maturities 2026 2058. 2023 non. borrowings €5. 6 billion billion. gains losses. earnings."
}
{
    "_id": "BRK.A20232651",
    "title": "",
    "text": "Parent Company debt maturities$1. 9 billion$2.$4.$2.$1. 4 billion. guarantees subsidiaries $20. 9 billion 2023 Berkshire Hathaway Finance Corporation. absolute unconditional irrevocable payment obligations. retroactive reinsurance contracts. payments contingent future events."
}
{
    "_id": "BRK.A20232671",
    "title": "",
    "text": ". Merger June 19, 1998 Berkshire General Re Corporation. Annex Statement. 333-61129. November 2 2009 Berkshire BNSF. Annex. 333-163343 S-4. August 8 Berkshire Merger. Precision Castparts Corporation Exhibit. Report Form 8-K File. Certificate Incorporation Exhibit Form 10-K March 2 2015. Exhibit Form 8-K May 10 2023. December 22, 2003, Hathaway Finance Berkshire Hathaway. Bank New York Mellon Trust. Exhibit. Form S-4. February 4 2004. SEC File. 333-112486. February 1 2010, Berkshire Hathaway. Bank New York Mellon Trust. Exhibit. Form. SEC File. 333-164611.January 26, 2016, Berkshire Hathaway. Finance Corporation Bank New York Mellon Trust Company. Exhibit 4. Registration Statement Form S-3. SEC File. 333-209122. December 1 1995 BNSF First National Bank Chicago. Exhibit 4 Form S-3 1999. October 4, 2002 MidAmerican Energy Holdings Bank New York. Exhibit 4. Berkshire Hathaway Energy Registration Statement. 333-101699. January 28, 2022 Berkshire Hathaway. Bank New York Mellon Trust Company. Exhibit 4. Registration Statement Form S-3. SEC File. instruments debt 10% assets December 31, 2023. debt instrument. Commitment Letter Berkshire Hathaway. Hawk Holding Corporation February 13, 2013. Exhibit 10.Form 8-K Berkshire Hathaway. February 14 2013. Ethics. Registrant Accounting Firm"
}
{
    "_id": "BRK.A20232681",
    "title": "",
    "text": "Exhibit. 32. 1350 Certification 32. Safety Disclosures Recovery Erroneously Awarded Compensation financial information Berkshire Hathaway. Annual Report Form 10-K December 2023 Cover Page Balance Sheets Earnings Income Shareholders’ Equity Cash Flows Notes Financial Statements Schedule I. Page Interactive Data File iXBRL Exhibit 101"
}
{
    "_id": "BRK.A20232684",
    "title": "",
    "text": "Section 13 Securities Exchange Act 1934 Registrant report signed undersigned authorized."
}
{
    "_id": "BRK.A20232685",
    "title": "",
    "text": "."
}
{
    "_id": "BRK.A20232704",
    "title": "",
    "text": "Securities Exchange Act 1934 report signed Registrant dates. E. BUFFETT. Board Executive Officer 24 2024 GREGORY E. ABEL. Operations 24 2024 HOWARD G. BUFFETT. SUSAN A. BUFFETT. STEPHEN B. BURKE. KENNETH I. CHENAULT. CHRISTOPHER C. DAVIS. SUSAN L. DECKER. CHARLOTTE GUYMAN AJIT JAIN Chairman—Insurance Operations 24 THOMAS S. MURPHY. RONALD L. OLSON. WALLACE R. WEITZ. MERYL B. WITMER. MARC D. HAMBURG.Vice Officer 24 2024 DANIEL. JAKSICH. Accounting"
}
{
    "_id": "BRK.A20232704",
    "title": "",
    "text": ""
}
{
    "_id": "GOOGL20230004",
    "title": "",
    "text": "founders Larry Sergey not conventional. unconventional spirit driving force problems invest. AI since 2016, AI-first company. continue Alphabet Google CEO Sundar Pichai."
}
{
    "_id": "GOOGL20230005",
    "title": "",
    "text": "Alphabet largest Google. report Services Cloud non-Google businesses Other Bets. prosper leaders independence."
}
{
    "_id": "GOOGL20230007",
    "title": "",
    "text": "Internet powerful propels ideas people businesses. mission organize information make universally accessible useful relevant today 1998. evolved from answers done."
}
{
    "_id": "GOOGL20230008",
    "title": "",
    "text": "focused building helpful Google aspire tools increase knowledge health happiness success. Google Search helps information trillions searches. YouTube provides entertainment information learn. Google Assistant devices help. Google Cloud helps business challenges reduce costs unlock growth. continually building products features invested $150 billion research development five years."
}
{
    "_id": "GOOGL20230010",
    "title": "",
    "text": "AI transformational technology change societies business. Google AI products services decade. journey began 2001, machine learning Google Search better spellings. AI products"
}
{
    "_id": "GOOGL20230011",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230012",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230013",
    "title": "",
    "text": "billions autocomplete Search translation 133 languages Translate editing Photos."
}
{
    "_id": "GOOGL20230014",
    "title": "",
    "text": "language models AI deep learning Transformer introduced 2017 language understanding. led Bidirectional Encoder Representations Transformers 2019 understand search queries."
}
{
    "_id": "GOOGL20230015",
    "title": "",
    "text": "Google cloud Cloud Platform Workspace AI innovation AI-optimized infrastructure AI platform models assistive agents."
}
{
    "_id": "GOOGL20230016",
    "title": "",
    "text": "AI scientific engineering challenges. 2020 Google AlphaFold solved 50-year protein folding challenge. open-sourced 200 million protein structures malaria vaccines cancer plastic-eating enzymes. AI climate action. Google Research flood forecasting models early warning real-time flooding."
}
{
    "_id": "GOOGL20230017",
    "title": "",
    "text": "AI focused helpful features users customers organize information accessible useful. bold responsible approach next steps technology helpful."
}
{
    "_id": "GOOGL20230019",
    "title": "",
    "text": "aim build advanced safe responsible AI developed trained tested investment infrastructure. December 2023 launched Gemini model. multimodal information text code audio images video. teams leverage Gemini AI models product service experiences users advertisers partners customers developers."
}
{
    "_id": "GOOGL20230020",
    "title": "",
    "text": "approach AI bold responsible. developing benefits challenges guided AI Principles. published 2018 principles beneficial use safety avoidance harms above business considerations. tension bold responsible embrace."
}
{
    "_id": "GOOGL20230022",
    "title": "",
    "text": "AI enabler major platform shift. businesses public sector transformation. scalable grow AI. advanced computing infrastructure AI models tested products. Vertex AI platform train tune augment deploy applications AI models Search Conversations. Duet AI Cloud pre AI agents test software."
}
{
    "_id": "GOOGL20230024",
    "title": "",
    "text": "routine spell check mobile deposit Google Search Translate Maps use AI. AI focused helpful features organize information accessible useful."
}
{
    "_id": "GOOGL20230025",
    "title": "",
    "text": "integrating AI products generative AI. Duet AI Google Workspace helps write organize visualize accelerate meetings. Bard AI image coding app integration. Dream Screen YouTube AI-generated video backgrounds typing idea."
}
{
    "_id": "GOOGL20230026",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230027",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230028",
    "title": "",
    "text": "businesses rely Google Ads easier AI. Performance Max advertisers goals creative assets AI ad campaign budget. Product Studio benefits AI businesses-tailored imagery free. experimenting Search Shopping ads AI snapshot conversational mode Search Generative Experience."
}
{
    "_id": "GOOGL20230030",
    "title": "",
    "text": "Pixel phones incorporated AI experiences. latest built AI AI-assistive experiences Magic Editor Magic Eraser. designing Android Chrome AI experiences."
}
{
    "_id": "GOOGL20230032",
    "title": "",
    "text": "companies incremental changes. incrementalism leads irrelevance technology change. acquired YouTube Android Chrome matured into platforms digital video mobile devices safer browser. early investments AI incorporated core products central future developments. invest long term application AI products services frontier quantum computing. high-risk high-reward projects key long-term success."
}
{
    "_id": "GOOGL20230034",
    "title": "",
    "text": "priority protect privacy security products users customers even-term financial consequences. products secure responsible data practices easy-to-use settings. enhancing efforts enabling auto-delete data control ad experience advancing anti-phishing password security."
}
{
    "_id": "GOOGL20230036",
    "title": "",
    "text": "Google Services Cloud."
}
{
    "_id": "GOOGL20230039",
    "title": "",
    "text": "committed building products millions. product innovations services used brand recognized. Google products include ads Android Chrome Gmail Drive Maps Photos Play Search YouTube adoption."
}
{
    "_id": "GOOGL20230040",
    "title": "",
    "text": "products services since 25 years ago. Google Search started pages ten blue links driven technical advancements product innovations transformed multimodal experience. expanded from desktop mobile search smaller screens. content Universal Search multiple content news images videos results. new search modalities voice visual search curiosity. multisearch text images. models BERT Multitask Unified Models natural language queries quality results. advancement easier."
}
{
    "_id": "GOOGL20230041",
    "title": "",
    "text": "drive information discovery creation digital content web Google Play YouTube. digital content videos streaming TV games music"
}
{
    "_id": "GOOGL20230042",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230043",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230044",
    "title": "",
    "text": "books apps. Working creators partners ways find digital content."
}
{
    "_id": "GOOGL20230045",
    "title": "",
    "text": "Fueling digital experiences platforms devices. invest in Android Chrome browser growing family devices. potential devices combining AI software hardware. potential reflected in devices Pixel 8 8 Pro Pixel Watch 2. Creating products services long-term."
}
{
    "_id": "GOOGL20230047",
    "title": "",
    "text": "built advertising technologies for advertisers agencies publishers digital marketing. solutions help grow ensure positive experiences right ads time building partnerships. AI foundational. Performance Max Product Studio AI find conversion opportunities."
}
{
    "_id": "GOOGL20230050",
    "title": "",
    "text": "Google Services delivering performance brand advertising Google Search YouTube Google Network partners properties. invest advertising improve measurability. advertising relevant ads engagement. measurable results. text-based ads. advertising awareness products services videos text images interactive ads devices. advertisers deliver videos ads specific audiences brand-building marketing campaigns."
}
{
    "_id": "GOOGL20230051",
    "title": "",
    "text": "allocated resources advertising protecting users. focus best experiences filtering invalid traffic removing billions bad ads monitoring sites apps videos ads bad content."
}
{
    "_id": "GOOGL20230055",
    "title": "",
    "text": "Google Services generates revenues beyond advertising subscriptions YouTube services Sunday Ticket Google One revenues Google Play sales apps in-app purchases Pixel family."
}
{
    "_id": "GOOGL20230060",
    "title": "",
    "text": "Google Cloud Platform Workspace generates revenues from consumption fees subscriptions for infrastructure platform collaboration tools cloud services. use five capabilities.-optimized Infrastructure open reliable scalable compute networking storage workloads. IT systems train AI models. •Cybersecurity detect protect respond threats AI attack paths resolution. •Databases Analytics data. Data Cloud unifies data lakes warehouses governance machine learning platform."
}
{
    "_id": "GOOGL20230061",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230064",
    "title": "",
    "text": "Alphabet. Tools Google Workspace Duet AI Gmail Docs Drive Calendar. remote work productivity. AI grammar efficiency security Smart Reply Compose malware phishing protection. Duet AI organize visualize meetings. Platform Duet AI Cloud Vertex AI platform tune augment deploy applications. Duet AI AI agents test software."
}
{
    "_id": "GOOGL20230066",
    "title": "",
    "text": "Alphabet using technology solve problems transportation health technology climate change. investment Other Bets includes businesses stages development R&D commercialization. goal successful businesses. Other Bets independent companies boards members outside investors. early-stage businesses uncertainty generating revenue making strides. Revenues healthcare internet services."
}
{
    "_id": "GOOGL20230080",
    "title": "",
    "text": "business rapid change new disruptive technologies. face competition search engines services •vertical search engines e-commerce providers travel jobs health advertising advertising billboards magazines newspapers radio television content application platform providers enterprise cloud services AI products services consumer hardware products proprietary platforms digital video services networks referrals workspace communication connectivity products assistant providers."
}
{
    "_id": "GOOGL20230084",
    "title": "",
    "text": "Competing depends on innovative products technologies. advertising depends attracting retaining •users click away relevance advertising usefulness security availability •advertisers generate sales leads customers deliver advertisements across distribution channels •content providers quality advertiser base help generate revenues terms agreements."
}
{
    "_id": "GOOGL20230085",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230086",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230087",
    "title": "",
    "text": "Risk Factors Annual Report Form."
}
{
    "_id": "GOOGL20230089",
    "title": "",
    "text": "believe business protect planet. Sustainability core Google build. leader sustainability climate change since 25 years ago."
}
{
    "_id": "GOOGL20230090",
    "title": "",
    "text": "sustainability work empowering partners carbon footprint operations supply chain."
}
{
    "_id": "GOOGL20230091",
    "title": "",
    "text": "2020 help reduce gigaton carbon emissions 2030. ambitious vision climate solutions beyond operations value chain."
}
{
    "_id": "GOOGL20230092",
    "title": "",
    "text": "2021 net-zero emissions operations 2030. reduce 50% Scope 1 2 3 emissions before 2030 invest carbon removal solutions. committed Science Based Targets validation emissions reduction target."
}
{
    "_id": "GOOGL20230093",
    "title": "",
    "text": "emissions transitioning clean energy. Since 2017 matched 100% electricity consumption with purchases renewable energy. differences availability variable supply need rely carbon-emitting local grids. goal 24/7 carbon-free energy by 2030."
}
{
    "_id": "GOOGL20230094",
    "title": "",
    "text": "net-zero emissions 24/7 CFE by 2030 ambitious goals. path. plans years infrastructure long lead times. business emissions rise reduction target."
}
{
    "_id": "GOOGL20230095",
    "title": "",
    "text": "benefit replenish 120% freshwater offices data centers 2030 restore improve quality water health ecosystems."
}
{
    "_id": "GOOGL20230096",
    "title": "",
    "text": "aim maximize reuse finite resources operations products supply chains. circularity principles waste materials healthy."
}
{
    "_id": "GOOGL20230097",
    "title": "",
    "text": "sustainability annual reports including Google’s Environmental Report. not incorporated Annual Report 10-K SEC. risks sustainability goals Item 1A Risk Factors Annual Report 10-K."
}
{
    "_id": "GOOGL20230099",
    "title": "",
    "text": "company curious talented passionate. embrace collaboration creativity."
}
{
    "_id": "GOOGL20230100",
    "title": "",
    "text": "people critical for success environment fulfilling careers happy healthy productive. offer industry-leading benefits programs diverse needs career growth financial health healthcare. competitive compensation programs attract retain top candidates invest recruiting talented. provide high quality training support courses learning resources coaching individual support."
}
{
    "_id": "GOOGL20230101",
    "title": "",
    "text": "Alphabet committed diversity equity inclusion growing workforce representative users. annual diversity reports diversity. google. not incorporated Annual Report Form 10-K SEC."
}
{
    "_id": "GOOGL20230102",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230103",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230104",
    "title": "",
    "text": "December 31, 2023 Alphabet 182,502 employees. work councils employee representation countries labor rights open culture listening. dialogue communicate channels."
}
{
    "_id": "GOOGL20230105",
    "title": "",
    "text": "contract with businesses specialized services-house cafe operations content moderation customer support security. contract temporary staffing agencies short-term leaves spikes business special projects. choose partners review compliance Supplier Code of Conduct. respectful working environment."
}
{
    "_id": "GOOGL20230107",
    "title": "",
    "text": "subject to. federal state local foreign laws regulations legal regulatory developments. face scrutiny. foreign governments compliance laws. laws regulations evolving applicability uncertain. AI climate change sustainability competition consumer protection content moderation data privacy security news publications human capital diversity new laws regulations enforcement actions investigations proposed implemented bodies."
}
{
    "_id": "GOOGL20230108",
    "title": "",
    "text": "compliance with laws regulations onerous increase cost products limit models change practices affect competitive position harm business reputation financial results."
}
{
    "_id": "GOOGL20230109",
    "title": "",
    "text": "government regulation Risk Trends Financial Part II 7 Legal Matters 10 Part II 8 Annual Report 10-K."
}
{
    "_id": "GOOGL20230111",
    "title": "",
    "text": "rely intellectual property laws confidentiality provisions technology brand. registered. international trademarks service marks domain names copyrights. filed patent applications. countries acquired assets. licensed rights. 1A Risk Factors Annual Report Form 10-K."
}
{
    "_id": "GOOGL20230113",
    "title": "",
    "text": "website. abc. investor relations./investor. Annual Reports 10-K Quarterly 10-Q Current Reports Form 8-K Proxy Statements amendments investor relations website free SEC. sec."
}
{
    "_id": "GOOGL20230114",
    "title": "",
    "text": "webcast investor website earnings calls events investment community. provides financial performance SEC filings investor events press earnings releases blogs. share Google news product updates Google Keyword blog. corporate governance information certificate incorporation bylaws governance guidelines board charters code conduct available. not incorporated Annual Report Form 10-K SEC references inactive textual."
}
{
    "_id": "GOOGL20230115",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230116",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230118",
    "title": "",
    "text": "operations results risks uncertainties harm business reputation financial affect price A C stock."
}
{
    "_id": "GOOGL20230120",
    "title": "",
    "text": "generate revenues from advertising. Reduced spending loss partners technologies harm business."
}
{
    "_id": "GOOGL20230121",
    "title": "",
    "text": "generated 75% revenues online advertising 2023. advertisers digital publishers content providers can terminate contracts. partners create value increased sales leads brand awareness effective monetization. Changes advertising policies data privacy practices third-party cookies affect advertising. technologies customized ads difficult block display providers impair third-party advertising. Failing provide superior value advertisements harm business reputation financial condition operating results."
}
{
    "_id": "GOOGL20230122",
    "title": "",
    "text": "expenditures correlate with economic conditions. Adverse conditions demand advertising fluctuations harm financial operating results."
}
{
    "_id": "GOOGL20230123",
    "title": "",
    "text": "face competition. innovate provide products useful partners harm business financial operating results."
}
{
    "_id": "GOOGL20230124",
    "title": "",
    "text": "business environment evolving competitive. face changing technologies shifting needs rival products. anticipate technology deliver innovative products timely. pressure products services. invest infrastructure R&D acquisitions enhance technology products services."
}
{
    "_id": "GOOGL20230125",
    "title": "",
    "text": "competitors industries. potential range large companies emerging start-ups. Some histories relationships. experience affect competitive position acquisitions strategic arrangements infrastructure R&D talent intellectual property competition claims for users advertisers customers content providers. discrepancies enforcement laws competitors interpret competitive advantages. competitors provide services faster foresee need."
}
{
    "_id": "GOOGL20230126",
    "title": "",
    "text": "expanding investment in AI. includes generative AI into products services. AI technology services competitive evolving require significant investment development costs meet changing needs new. AI technologies on third-party equipment infrastructure. other companies develop AI products similar superior cost-effective. obtain patents proprietary rights sell AI products services."
}
{
    "_id": "GOOGL20230127",
    "title": "",
    "text": "financial results suffer products services users advertisers publishers customers content providers. technologies competitors entrants offer experiences"
}
{
    "_id": "GOOGL20230128",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230129",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230130",
    "title": "",
    "text": "similar better ours. technologies reduce usage products force compete expend resources develop. Competitors’ success products attracting users harm financial condition operating results."
}
{
    "_id": "GOOGL20230131",
    "title": "",
    "text": "investment businesses technologies risky divert harm financial results."
}
{
    "_id": "GOOGL20230132",
    "title": "",
    "text": "invested expect new businesses products services technologies industries beyond online advertising. investments building AI reflect efforts innovate users advertisers publishers customers content providers. investments return incur liabilities. Innovations behavior affect revenue trends. involve risks uncertainties diversion resources different monetization models alternative investment governance compensation structures incentives."
}
{
    "_id": "GOOGL20230133",
    "title": "",
    "text": "Google Services invest devices smartphones home wearables competitive market new products rapid advancements market saturation short life cycles evolving standards performance price feature sensitivity. no assurance devices."
}
{
    "_id": "GOOGL20230134",
    "title": "",
    "text": "Google Cloud resources enterprise services Platform Workspace advancing AI platforms. incurring costs infrastructure cybersecurity hire talent sales force. competitors developing deploying services. Pricing delivery models competitive evolving scale profitability objectives. business public sector regulatory compliance. government audits cost reviews failure deficiencies legal financial reputational risks. Evolving laws capital investments products services meet sovereign requirements."
}
{
    "_id": "GOOGL20230135",
    "title": "",
    "text": "Other Bets investing in health life sciences transportation. competition from large well-funded competitors offerings new technologies may successful profitability."
}
{
    "_id": "GOOGL20230136",
    "title": "",
    "text": "new products services AI raise ethical technological legal regulatory challenges affect brands demand. investment areas risky no assurance reputation financial results."
}
{
    "_id": "GOOGL20230137",
    "title": "",
    "text": "revenue growth decline pressure operating margin."
}
{
    "_id": "GOOGL20230138",
    "title": "",
    "text": "revenue growth rate decline factors devices geographic mix advertiser spending competition customer usage demand pricing product policy changes shifts to lower priced."
}
{
    "_id": "GOOGL20230139",
    "title": "",
    "text": "experience pressure operating margin increase lower-margin products services expansion business new fields devices Google Cloud consumer subscription investments Other Bets margins lower advertising. margins devices adverse effect consolidated margins pricing higher cost sales."
}
{
    "_id": "GOOGL20230140",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230141",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230142",
    "title": "",
    "text": "pressure margins regulations competition costs. costs expenses variable correlate revenue. cost base. historical revenue growth rate operating margin future performance. Trends Business Financial Effect Revenues Monetization Metrics Part II Item 7 Annual Report Form 10-K."
}
{
    "_id": "GOOGL20230143",
    "title": "",
    "text": "intellectual property rights valuable inability value products services brands."
}
{
    "_id": "GOOGL20230144",
    "title": "",
    "text": "patents trademarks secrets copyrights intellectual property rights important assets. events outside control rights products services technologies. intellectual property protection every country products Internet. efforts proprietary rights not sufficient. patent protection protect. adequate patent copyright protection innovations important. possibility protection insufficient issued patent invalid unenforceable."
}
{
    "_id": "GOOGL20230145",
    "title": "",
    "text": "maintain intellectual property trade secrets. secrecy sensitive information compromised lose competitive advantage. face risks trademarks. risk “Google” synonymous with “search. courts ruled protectable trademark other courts outside U. S. different. lose protection using “Google” products brand."
}
{
    "_id": "GOOGL20230146",
    "title": "",
    "text": "intellectual property rights harm business. protecting costly time consuming. increase unauthorized use harm financial results."
}
{
    "_id": "GOOGL20230147",
    "title": "",
    "text": "business depends brands failing users advertisers customers content providers partners."
}
{
    "_id": "GOOGL20230148",
    "title": "",
    "text": "strong brands success business. Maintaining Google Services Cloud Other Bets increases ability new categories innovative products users advertisers customers content providers partners. brands affected reputational issues third-party content data privacy security performance failures. respond misinformation objectionable content practices concerns users lose confidence."
}
{
    "_id": "GOOGL20230149",
    "title": "",
    "text": "failure maintain brands harm business reputation financial results. success technology leader high-quality trustworthy innovative products services."
}
{
    "_id": "GOOGL20230150",
    "title": "",
    "text": "manufacturing supply chain risks business results."
}
{
    "_id": "GOOGL20230151",
    "title": "",
    "text": "risks manufacturing supply chain affect products services."
}
{
    "_id": "GOOGL20230152",
    "title": "",
    "text": "rely on contract manufacturers devices servers networking equipment technical infrastructure supply components. rely other companies supply components distribution. business if necessary capabilities capacity reasonable terms fail meet"
}
{
    "_id": "GOOGL20230153",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230154",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230155",
    "title": "",
    "text": "obligations financial adverse changes pricing terms arrangements."
}
{
    "_id": "GOOGL20230156",
    "title": "",
    "text": "experienced supply shortages price increases quality lead times operations raw material manufacturing labor shortages industry allocations logistics inflation tariffs sanctions export controls trade labor sustainability sourcing geopolitical tensions armed conflicts disasters climate change sea level drought power shutdowns power loss financial. components replacement vendors supply chain disruption. supply interruption delay data center upgrades product availability."
}
{
    "_id": "GOOGL20230157",
    "title": "",
    "text": "enter long-term contracts terms conditions. face costs consumed market demand technological change consumer preferences quality recalls warranty issues. hardware contracts volume-based pricing increased materials manufacturing costs financial liabilities costly harm financial operating results. competitors negotiate favorable terms advantages affect supply."
}
{
    "_id": "GOOGL20230158",
    "title": "",
    "text": "devices quality issues from design manufacturing operations. caused by components. quality expectations defective recall harm reputation financial condition operating results."
}
{
    "_id": "GOOGL20230159",
    "title": "",
    "text": "require suppliers partners comply laws policies Google Supplier Code Conduct data security environmental compliance intellectual property licensing control. Violations unethical practices supply canceled orders relationships reputation. failure license rights financial claims."
}
{
    "_id": "GOOGL20230160",
    "title": "",
    "text": "Interruption failure systems products services harm reputation financial operating results."
}
{
    "_id": "GOOGL20230161",
    "title": "",
    "text": "availability products services contracts depend information communications systems. vulnerable damage modifications terrorist attacks state-sponsored attacks natural disasters tensions conflicts export controls sanctions climate change sea level wildfires power shutdowns power loss utility outages telecommunications failures viruses software bugs ransomware supply-chain attacks denial of service phishing. data centers high risk earthquakes disasters. subject break-ins sabotage vandalism disruptions geopolitical tensions conflicts. systems not redundant disaster recovery planning account all eventualities. natural disaster unanticipated problems interruptions. products services complex errors vulnerabilities interruptions. incidents harm reputation financial condition operating results."
}
{
    "_id": "GOOGL20230162",
    "title": "",
    "text": "international operations risks business financial results."
}
{
    "_id": "GOOGL20230163",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230164",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230171",
    "title": "",
    "text": "international operations significant revenues net income plan grow. revenues 53% consolidated revenues 2023. operations expose risks •restrictions foreign ownership investments foreign exchange controls cash. •sanctions import export controls market access barriers political unrest geopolitical tensions changes armed conflict affect business continuity increase operating costs limit demand components products payment cycles increased credit risk higher payment fraud evolving foreign policy revenues regulatory costs uncertainty liabilities local laws-corruption laws. local laws payments government officials penalties employee relationships works councils labor practices challenges distance language local expertise cultural differences complexity."
}
{
    "_id": "GOOGL20230172",
    "title": "",
    "text": "conduct business. dollars report financial results. dollars faced foreign currency exchange rates. hedge international currency exposure fluctuations exchange rates. affect revenues earnings. Hedging programs risky risks financial results."
}
{
    "_id": "GOOGL20230173",
    "title": "",
    "text": "exposed fluctuations financial statements subjective valuation methodologies."
}
{
    "_id": "GOOGL20230174",
    "title": "",
    "text": "value debt equity investments affected by liquidity credit deterioration losses financial results foreign exchange rates interest rates rates regulations stock market factors."
}
{
    "_id": "GOOGL20230175",
    "title": "",
    "text": "measure non-marketable equity debt securities instruments stock compensation awards assets liabilities fair value subjective management judgment. gains losses-marketable equity securities recognized OI&E increases volatility. unrealized gains losses differ gains."
}
{
    "_id": "GOOGL20230176",
    "title": "",
    "text": "investments decline harm financial operating results."
}
{
    "_id": "GOOGL20230178",
    "title": "",
    "text": "access products services platforms devices technology user preferences. If manufacturers users adopt interfaces business harmed."
}
{
    "_id": "GOOGL20230179",
    "title": "",
    "text": "access products services desktop computers mobile phones smartphones laptops tablets video game consoles voice-activated speakers wearables automobiles television-streaming. products popular interfaces. manufacturer standards limited functionality. manufacturers not include products. search queries voice-activated search apps"
}
{
    "_id": "GOOGL20230180",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230181",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230182",
    "title": "",
    "text": "harm business. hard predict challenges adapting developing. expect devote resources creating platforms devices. attract retain new manufacturers suppliers distributors developers users develop devices harm business financial condition results opportunities."
}
{
    "_id": "GOOGL20230183",
    "title": "",
    "text": "AI reputational harm liability."
}
{
    "_id": "GOOGL20230184",
    "title": "",
    "text": "AI risks harmful content inaccuracies discrimination intellectual property defamation data privacy cybersecurity. AI competitive harm regulatory action legal liability data protection privacy property brand harm."
}
{
    "_id": "GOOGL20230185",
    "title": "",
    "text": "AI ethical issues effects society. implement AI minimize effects devoted resources test products services issues deficiencies failures. Unintended consequences affect rights privacy employment social concerns claims lawsuits brand harm regulatory scrutiny business financial operating results."
}
{
    "_id": "GOOGL20230186",
    "title": "",
    "text": "Data privacy security concerns harm reputation liability deter products services. Computer viruses software bugs defects security breaches attacks improper disclosure data business reputation."
}
{
    "_id": "GOOGL20230187",
    "title": "",
    "text": "Concerns about practices collection use governance personal data harm business reputation financial condition results. policies practices change privacy."
}
{
    "_id": "GOOGL20230188",
    "title": "",
    "text": "products services involve storage transmission proprietary sensitive information. Software bugs theft misuse defects vulnerabilities security breaches expose risk loss improper use disclosure liabilities fines penalties reputational harm. products incorporate technical complex technologies errors bugs vulnerabilities. features AI susceptible security threats. errors software code after. failures security breaches privacy policies inadvertent disclosure data government legal exposure harm reputation brand business impair. incidents occurred may continue due products. no guarantee damage expect expend resources security protections bugs theft misuse vulnerabilities."
}
{
    "_id": "GOOGL20230189",
    "title": "",
    "text": "experience cyber attacks unauthorized access. evolve difficult detect. seen industry-wide software supply chain vulnerabilities affect systems. expect future. undesirable activity increase risk retaliatory attack. risk cyber attacks nation state-sponsored actors. target public sector customers. Geopolitical tensions armed conflicts Middle East Ukraine increase risks."
}
{
    "_id": "GOOGL20230190",
    "title": "",
    "text": "experience security issues employee error system errors vulnerabilities systems. determine material"
}
{
    "_id": "GOOGL20230191",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230192",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230193",
    "title": "",
    "text": "no guarantee issues result legal financial reputational harm government inquiries enforcement actions litigation negative publicity. no guarantee related issues material later. techniques obtain unauthorized access disable degrade service systems change recognized after target unable anticipate detect attacks vulnerabilities implement preventative measures."
}
{
    "_id": "GOOGL20230194",
    "title": "",
    "text": "partners information data-security comply terms policies suffer security breach data improperly accessed disclosed. breach security market perception lose users customers trade secrets compromised legal financial risks claims class-action regulatory actions fines penalties. consequences harm business reputation financial condition operating results."
}
{
    "_id": "GOOGL20230195",
    "title": "",
    "text": "dedicated resources privacy security worldwide teams process natural disaster pandemic adequate assess severity fast remediate. suffer legal reputational financial exposure harm business financial operating results."
}
{
    "_id": "GOOGL20230196",
    "title": "",
    "text": "risk factor privacy data protection Related Regulations."
}
{
    "_id": "GOOGL20230197",
    "title": "",
    "text": "investments safety content review misuse data."
}
{
    "_id": "GOOGL20230198",
    "title": "",
    "text": "prevent cyber attacks investments in safety security review combat misuse services unauthorized access user data investigation platform applications. discovered discover unnecessary access misuse data undesirable activity third parties. may not all incidents data limitations lack visibility scale activity natural disaster pandemic learn via third parties. incidents include use data systems inconsistent with terms contracts policies false user accounts election interference improper ad purchases activities safety spamming scraping spreading disinformation. incidents material remedy no guarantee in legal financial reputational harm government inquiries enforcement actions litigation negative publicity. no guarantee related issues material."
}
{
    "_id": "GOOGL20230199",
    "title": "",
    "text": "unsuccessful enforce policies prevent incidents. developments affect trust engagement harm reputation brands business practices affect financial results. regulatory inquiries penalties damages divert time enhanced regulatory oversight."
}
{
    "_id": "GOOGL20230200",
    "title": "",
    "text": "content low-quality spam content farms violations affect quality services harm reputation deter users."
}
{
    "_id": "GOOGL20230201",
    "title": "",
    "text": "face violations content guidelines attempts manipulate hosting advertising systems generate revenues traffic user interest. invest high-quality results detect prevent low-quality content invalid traffic unable detect prevent abuses"
}
{
    "_id": "GOOGL20230202",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230203",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230204",
    "title": "",
    "text": "high-quality content. Increased AI abuse actors."
}
{
    "_id": "GOOGL20230205",
    "title": "",
    "text": "websites violate guidelines inappropriately rank higher search. efforts affected quality content display false misleading undesirable content. English-language web spam reduced other languages limited spammers improve rankings. invest in proprietary technology detect prevent spam no guarantee may negative experiences if decisions. face challenges from low-quality irrelevant content websites content farms content rankings. launching algorithmic changes detect prevent abuse low-quality may not always successful. face challenges violations content guidelines election interference activities safety-being spreading misinformation."
}
{
    "_id": "GOOGL20230206",
    "title": "",
    "text": "fail detect problematic promote high hurt reputation reduce use financial results. litigation regulatory actions penalties damages divert time attention."
}
{
    "_id": "GOOGL20230207",
    "title": "",
    "text": "business depends on access Internet users. providers restrict block degrade charge products services expenses loss users."
}
{
    "_id": "GOOGL20230208",
    "title": "",
    "text": "products services depend on Internet require bandwidth. access provided by companies power telephone cable mobile communications government-owned service providers. Some providers measures degrade disrupt increase cost access restricting infrastructure charging fees preferential access. jurisdictions adopted regulations discrimination uncertainty U. S. protections. 2018. Federal Communications Commission repealed net neutrality rules could providers to restrict block degrade charge for access products. some products services subject to government restrictions blockages. could harm relationships reputation increase costs business."
}
{
    "_id": "GOOGL20230210",
    "title": "",
    "text": "subject to new changing laws regulations worldwide harm business likely broader business."
}
{
    "_id": "GOOGL20230211",
    "title": "",
    "text": "subject to U. foreign laws regulations new businesses products services technologies laws. governments proposed adopted new laws digital economy data privacy competition environmental AI online content. costs compliance high increase."
}
{
    "_id": "GOOGL20230213",
    "title": "",
    "text": "New changing laws regulations inconsistent practices less useful products services altered business practices business models costs liability. Examples include laws technology business practices large technology platforms Digital Markets Act European"
}
{
    "_id": "GOOGL20230214",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230215",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230221",
    "title": "",
    "text": "settlements U. S. South Korea Google billing policies fees business model new regulations jurisdictions. Laws regulations development AI technologies digital products services penalties regulatory actions. agreement EU AI Act December 2023 transparency requirements AI systems models. White House Executive Order Artificial Intelligence. private sector development models. privacy collection processing Laws collection processing sharing advertising data privacy protection laws children's data breach notification laws limiting data transfers localization. intellectual property EU Directive Copyright Digital Single Market European Economic Area transpositions licensing regimes liability property rights payments regulatory actions.moderation laws removal disclosure obligations EU Digital Services Act Senate Bill 7072 House Bill 20 Singapore Australia United Kingdom penalties disclosure YouTube low-quality deceptive harmful content. protection New Deal Consumers penalties new compliance obligations."
}
{
    "_id": "GOOGL20230222",
    "title": "",
    "text": "applicability scope laws regulations uncertain business. rely safe harbors Digital Millennium Copyright Act Communications Decency Act. E-Commerce Directive liability linking caching ranking recommending hosting. Legislation rulings harbors operational challenges. legislative proposals. EU diminish safe harbor protection. development commercialization AI products services regulatory action legal liability data protection cybersecurity privacy intellectual property laws."
}
{
    "_id": "GOOGL20230223",
    "title": "",
    "text": "claims lawsuits investigations consent orders scrutiny liability business reputation financial results."
}
{
    "_id": "GOOGL20230224",
    "title": "",
    "text": "subject to claims lawsuits investigations orders competition intellectual property data privacy security tax compliance labor employment commercial disputes content services personal injury. product warranty liability consumer protection health safety hazardous materials environmental effects AI training development commercialization service disruptions. Claims defamation negligence breaches contract copyright trademark infringement unfair competition unlawful activity torts privacy violations fraud marketing branding content."
}
{
    "_id": "GOOGL20230225",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230226",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230227",
    "title": "",
    "text": "December 2023 California jury Epic Games. Google violated antitrust laws Play billing practices. judge remedies 2024. plan appeal. Department Justice. states plaintiffs filed antitrust lawsuits advertising Google Search Android Play Store. regulatory agencies. competition consumer protection data protection authorities business practices compliance. cooperating defending appealing."
}
{
    "_id": "GOOGL20230228",
    "title": "",
    "text": "laws regulations investigations lawsuits actions fines penalties injunctive relief changes products business models divestiture litigation consequences harm business reputation financial results."
}
{
    "_id": "GOOGL20230229",
    "title": "",
    "text": "legal proceedings could costs diversion negative publicity harms business. Estimating liabilities complex speculative judgment may estimates. resolution fines penalties injunctions sanctions business reputation financial condition operating results."
}
{
    "_id": "GOOGL20230230",
    "title": "",
    "text": "Legal Proceedings Part I Item 3 Annual Report Form."
}
{
    "_id": "GOOGL20230231",
    "title": "",
    "text": "Privacy data protection usage regulations evolving. business reputation financial results."
}
{
    "_id": "GOOGL20230238",
    "title": "",
    "text": "Authorities legislative proposals data protection usage encryption. Adverse legal rulings resulted fines orders practices business reputation financial condition results. laws regulations evolving subject interpretation compliance obligations could costs harm quality. laws include General Data Protection Regulation United Kingdom General Data Protection Regulations apply activities EU United Kingdom. U. S. state foreign privacy laws data privacy rights private right of action data breach obligations on controllers processors data. laws biometric information Illinois Biometric Information Privacy Act Texas Capture Use Biometric Identifier Act obligations. federal foreign laws age appropriate experiences minors. Children’s Online Privacy Protection Act 1998 United Kingdom Age-Appropriate Design Code address obligations services products. California Internet of Things Security Law regulates security data internet-connected devices.Digital Markets Act consent combining search engines share anonymized data."
}
{
    "_id": "GOOGL20230239",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230240",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230241",
    "title": "",
    "text": "subject to evolving laws regulations process personal data enforcement. validity data transfer mechanisms subject legal regulatory political developments Europe U. S. adapt arrangements."
}
{
    "_id": "GOOGL20230242",
    "title": "",
    "text": "face intellectual property claims costly defend damage indemnification limit use technologies."
}
{
    "_id": "GOOGL20230243",
    "title": "",
    "text": "internet technology media companies intellectual property rights patent copyright trade secrets trademarks. Parties sought relief. international courts. International Trade Commission exclusion cease-desist orders. patent-holding companies income patents claims. business intellectual property claims new products technologies."
}
{
    "_id": "GOOGL20230244",
    "title": "",
    "text": "Adverse results lawsuits include damages royalty licensing agreements orders limiting products services U. S. features services jurisdictions. change business practices loss revenues harm business."
}
{
    "_id": "GOOGL20230245",
    "title": "",
    "text": "agreements with customers require us defend against infringement claims indemnify increased costs damages. customers may discontinue products services technologies loss revenues harm business. intellectual property indemnities may not cover all damages losses. divestitures agreed to provide indemnification for liabilities including intellectual property claims. intellectual property claims time consuming expensive. could harm business product financial condition operating results."
}
{
    "_id": "GOOGL20230246",
    "title": "",
    "text": "ESG liabilities costs reputational."
}
{
    "_id": "GOOGL20230247",
    "title": "",
    "text": "subject to laws regulations measures topics products services. new laws regulations policies accords sustainability climate change human capital diversity Europe U. S. frameworks disclosure requirements. implemented ESG programs adopted reporting frameworks announced goals initiatives. investments complex ambitious may change. guarantee goals projects not achieve results. failure adhere statements comply ESG laws regulations meet stakeholder expectations standards harm business reputation financial condition operating results."
}
{
    "_id": "GOOGL20230248",
    "title": "",
    "text": "subject tax rates. tax legislation tax liabilities."
}
{
    "_id": "GOOGL20230249",
    "title": "",
    "text": "subject to taxes obligations U. S. foreign jurisdictions. tax rates affected by factors earnings gains losses hedges foreign exchange risk management program stock price employee compensation valuation deferred tax assets tax laws accounting principles."
}
{
    "_id": "GOOGL20230250",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230251",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230252",
    "title": "",
    "text": "collect taxes withholding agent liable taxes third parties."
}
{
    "_id": "GOOGL20230253",
    "title": "",
    "text": "subject to review audit domestic foreign tax authorities. received assessments multiple jurisdictions tax assertions transfer-pricing permanent-establishment claims. adverse outcome harm financial results changes inquiries. determination worldwide provision income taxes requires judgment uncertainty. estimates tax outcome differ affect financial results."
}
{
    "_id": "GOOGL20230254",
    "title": "",
    "text": "shifting economic conditions tax policies laws rates jurisdictions financial operating results. jurisdictions digital inconsistent international tax regimes.) negotiations 140 countries consensus changes international tax policies minimum global effective tax rate 15%. effective tax rate cash tax payments could increase."
}
{
    "_id": "GOOGL20230256",
    "title": "",
    "text": "guarantee share repurchase program stockholder value increase diminish cash reserves."
}
{
    "_id": "GOOGL20230257",
    "title": "",
    "text": "engage share repurchases Class A C stock authorizations Board Directors Alphabet. repurchase program expiration obligate Alphabet acquire shares. repurchases affect prices increase volatility reduce cash reserves prices."
}
{
    "_id": "GOOGL20230258",
    "title": "",
    "text": "stock ownership limits matters."
}
{
    "_id": "GOOGL20230259",
    "title": "",
    "text": "Class B 10 votes per share Class A one vote C no voting rights. December 31, 2023 Larry Page Sergey Brin owned 86. 5% Class B stock 51. 5% voting power. Larry Sergey influence matters election directors corporate transactions merger sale. Class C stock no voting rights issuance Larry Sergey’s voting power directors outcome matters. share repurchases affect Larry voting power. concentrated control matters reduce market price Class A Class C stock."
}
{
    "_id": "GOOGL20230260",
    "title": "",
    "text": "Delaware law discourage takeover stockholders."
}
{
    "_id": "GOOGL20230264",
    "title": "",
    "text": "in Alphabet’s certificate bylaws control management. include Board of Directors directors vacancy expansion resignation death removal. stockholders act written consent difficult actions without meeting. prohibits cumulative voting. limits minority stockholders."
}
{
    "_id": "GOOGL20230265",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230268",
    "title": "",
    "text": "Alphabet Inc. •Stockholders advance notice nominate for election Board propose matters meeting. provisions may discourage deter potential acquirer proxies control. Board of Directors may issue without approval undesignated preferred stock impede attempt."
}
{
    "_id": "GOOGL20230269",
    "title": "",
    "text": "Delaware corporation subject anti-takeover provisions. law business holder 15% voting stock unless three years Board Directors transaction. rely Delaware law prevent acquisition."
}
{
    "_id": "GOOGL20230270",
    "title": "",
    "text": "trading price A C volatile."
}
{
    "_id": "GOOGL20230271",
    "title": "",
    "text": "trading price stock experienced volatility may continue. Class A C stock fluctuated factors beyond control activities peers economic political conditions. factors could harm market price Class A C stock regardless operating performance."
}
{
    "_id": "GOOGL20230273",
    "title": "",
    "text": "operating results fluctuate difficult short expectations."
}
{
    "_id": "GOOGL20230274",
    "title": "",
    "text": "operating results fluctuated factors outside control cyclical seasonality geopolitical events. comparing operating results expenses revenues past results future performance. results future quarters may fall below expectations."
}
{
    "_id": "GOOGL20230275",
    "title": "",
    "text": "Acquisitions ventures investments divestitures dilution business results."
}
{
    "_id": "GOOGL20230285",
    "title": "",
    "text": "Acquisitions joint ventures investments divestitures important corporate strategy capital financial condition operating results. expect evaluate discussions potential strategic arrangements difficulties expenditures. risks include •diversion management to acquisitions obtain approvals governmental authorities conditions delay restrict financial goals integrate acquired operations technologies services personnel business controls procedures policies acquired company accounting administrative systems coordination product engineering sales marketing functions •transition operations users customers existing platforms foreign integrate operations across cultures languages address economic currency political regulatory risks accomplish commercial strategic financial objectives realize value lack liquidity"
}
{
    "_id": "GOOGL20230286",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230289",
    "title": "",
    "text": "Alphabet. acquired patent trademark data privacy commercial disputes tax warranty product liabilities company terminated employees customers former stockholders third parties."
}
{
    "_id": "GOOGL20230290",
    "title": "",
    "text": "failure address risks past acquisitions arrangements realize benefits liabilities harm business."
}
{
    "_id": "GOOGL20230291",
    "title": "",
    "text": "acquisitions arrangements dilutive debt contingent liabilities amortization expenses impairment goodwill assets restructuring charges harm financial operating results. anticipated benefits materialize. agreed provide indemnification liabilities financial results."
}
{
    "_id": "GOOGL20230292",
    "title": "",
    "text": "rely skilled personnel retain hire adapt corporate culture grow operate effectively."
}
{
    "_id": "GOOGL20230293",
    "title": "",
    "text": "performance success service technical leads senior management team. Sundar Pichai critical Alphabet subsidiaries technology culture strategic direction."
}
{
    "_id": "GOOGL20230294",
    "title": "",
    "text": "future success depend hire develop skilled personnel. Competition for intense competitors targeted employees. compensation arrangements equity award programs attracting. Restrictive regulatory changes affect hire global talent. executive officers key employees at-will key-person life insurance policies."
}
{
    "_id": "GOOGL20230295",
    "title": "",
    "text": "believe corporate culture fosters innovation creativity teamwork. organization adapt culture-changing circumstances natural disaster pandemic changes affect culture. hybrid work models increased costs disruption potential effects culture."
}
{
    "_id": "GOOGL20230297",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230299",
    "title": "",
    "text": "maintain process identifying assessing managing risks cybersecurity. obtain input external experts teams. privacy safety security professionals oversee risk management prevention detection remediation. Leadership cybersecurity expertise Vice President Privacy. executive leadership team enterprise risk management system cybersecurity risks risks."
}
{
    "_id": "GOOGL20230300",
    "title": "",
    "text": "incident teams track log privacy security incidents Alphabet vendors third providers. incidents reviewed cross-functional group escalation. incident material escalated reported to senior management. consult outside counsel materiality analysis disclosure"
}
{
    "_id": "GOOGL20230301",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230302",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230303",
    "title": "",
    "text": "senior management materiality compliance decisions. accounting developments."
}
{
    "_id": "GOOGL20230304",
    "title": "",
    "text": "Audit Compliance Committee cybersecurity disclosure cooperation law enforcement financial risks reports findings recommendations Board. Senior management discusses risks incidents. Internal Audit cybersecurity team tests controls."
}
{
    "_id": "GOOGL20230306",
    "title": "",
    "text": "business strategy results financial condition not affected by cybersecurity assurance future. information cybersecurity see Item 1A Risk Factors Annual Report Form 10-K."
}
{
    "_id": "GOOGL20230307",
    "title": "",
    "text": "headquarters Mountain View California. own lease office data centers Asia Europe North America. facilities."
}
{
    "_id": "GOOGL20230309",
    "title": "",
    "text": "Matters Note 10 Financial Statements Part II Item 8 Annual Report 10-K incorporated."
}
{
    "_id": "GOOGL20230311",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230312",
    "title": "",
    "text": "EQUITY STOCKHOLDER SECURITIES"
}
{
    "_id": "GOOGL20230313",
    "title": "",
    "text": "October 2 2015, Alphabet. successor Google. Rule Exchange Act. Class A stock Nasdaq August 19, 2004, April 3, 2014. no public market. Class B. C since April 3 2014."
}
{
    "_id": "GOOGL20230315",
    "title": "",
    "text": "December 31, 2023 7,305 1,757 stockholders Class A C stock. shares held by brokers institutions estimate total. 2023 59 stockholders Class B stock."
}
{
    "_id": "GOOGL20230317",
    "title": "",
    "text": "never declared paid cash dividend stock. primary long-term growth. evaluate cash capital structure capital return."
}
{
    "_id": "GOOGL20230318",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230319",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230326",
    "title": "",
    "text": "table Alphabet repurchases A C stock December 2023 Class A Shares Purchased C Shares Price A C Shares Purchased Announced Programs Dollar Value Shares millions October 1 - 31,687.,610,736 November 1 - 30,197,198.,395,725 December 1 - 31,760.,262,347,622,645,267"
}
{
    "_id": "GOOGL20230327",
    "title": "",
    "text": "Repurchases executed business conditions investment opportunities Rule 10b5-1 plans. expiration date. Note 11 Financial Statements Item 8 Annual Report Form 10-K."
}
{
    "_id": "GOOGL20230328",
    "title": "",
    "text": "price share repurchases."
}
{
    "_id": "GOOGL20230329",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230330",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230332",
    "title": "",
    "text": "graph matches Alphabet. five-year return S&P 500 NASDAQ RDG Internet Composite. $100 investment stock dividends December 31, 2018 2023. returns historical not future performance."
}
{
    "_id": "GOOGL20230337",
    "title": "",
    "text": "$100 2018 reinvestment dividends."
}
{
    "_id": "GOOGL20230338",
    "title": "",
    "text": "2024 S&P McGraw-Hill."
}
{
    "_id": "GOOGL20230339",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230340",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230341",
    "title": "",
    "text": "graph matches Alphabet. Class C five-year return S&P 500 NASDAQ RDG Internet. $100 investment Class C dividends December 31, 2018 2023. returns historical not future."
}
{
    "_id": "GOOGL20230346",
    "title": "",
    "text": "2018 index reinvestment dividends."
}
{
    "_id": "GOOGL20230348",
    "title": "",
    "text": "2024 S&P McGraw-Hill."
}
{
    "_id": "GOOGL20230349",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230350",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230352",
    "title": "",
    "text": "financial condition results Forward-Looking Statements Part Factors consolidated financial statements Item 8 Annual Report Form 10-K."
}
{
    "_id": "GOOGL20230353",
    "title": "",
    "text": "section discusses 2023 results 2022. Item 7 2022 Annual Report Form 10-K."
}
{
    "_id": "GOOGL20230355",
    "title": "",
    "text": "Alphabet Google. report Services Cloud non-Google Other Bets. Part I Item 1 Business Note 15 Statements 8 Annual Report 10-K."
}
{
    "_id": "GOOGL20230358",
    "title": "",
    "text": "long-term trends consolidated operations future behaviors advertising shift online digital economy."
}
{
    "_id": "GOOGL20230360",
    "title": "",
    "text": "evolution online contributed business revenues since. expect evolution revenues slower after growth advertising revenues COVID-19. increasing competition user engagement affect revenues. access diverse devices new advertising formats revenues affect margins."
}
{
    "_id": "GOOGL20230361",
    "title": "",
    "text": "users accessing products services smartphones wearables TVs smart home devices want. focused expanding products services trends maintain grow business."
}
{
    "_id": "GOOGL20230362",
    "title": "",
    "text": "benefit from advertising revenues mobile newer formats. margins lower desktop search. market device matures revenues. dynamics smartphone saturation affect mobile revenues."
}
{
    "_id": "GOOGL20230363",
    "title": "",
    "text": "expect TAC distribution Google Network increase revenues advertising revenues affected device geographic partner agreement queries paid access points product growth revenue share."
}
{
    "_id": "GOOGL20230365",
    "title": "",
    "text": "trends affect revenues margins. online advertising affect monetization."
}
{
    "_id": "GOOGL20230367",
    "title": "",
    "text": "interactions change online behavior evolves product affect monetization. YouTube Google Play monetize lower search ads. AI innovations monetization. focus user experience monetization. economies online revenues international markets increase require investments. foreign exchange rates affect revenues."
}
{
    "_id": "GOOGL20230368",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230369",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230370",
    "title": "",
    "text": "shift online multi-device opportunities outside U. S. emerging markets India. invest develop localized products. increased revenues emerging markets. results affected performance low-cost mobile devices. affect revenues developing markets monetize lower."
}
{
    "_id": "GOOGL20230372",
    "title": "",
    "text": "International revenues subject foreign currency. dollar foreign exchange risk management program offset effect revenues earnings. revenues beyond advertising increasing affect margins."
}
{
    "_id": "GOOGL20230374",
    "title": "",
    "text": "Revenues from cloud consumer subscriptions platforms devices grown expect trend expanding products services. margins vary lower than advertising. sales devices affect margins pricing cost. expand businesses invest operating capital expenditures."
}
{
    "_id": "GOOGL20230376",
    "title": "",
    "text": "research improve deploy AI. expect increase 2023 investment technical infrastructure servers network equipment data centers growth business long-term initiatives AI products services. acquisitions investments contribute expand expertise build partnerships. evolving regulatory environment subject claims lawsuits investigations legal liability affect business practices financial results."
}
{
    "_id": "GOOGL20230378",
    "title": "",
    "text": "Changes social political economic tax regulatory conditions laws fines business practices. global trends cost models products practices. Examples antitrust complaints. Department Justice state Attorneys General legislative proposals. safe harbor protection Digital Markets Act Digital Services Act legislative proposals. large technology platforms. Item 1A Risk Factors Legal Matters Note 10 Consolidated Financial Statements Part II Item 8 Annual Report Form 10-K. employees critical success."
}
{
    "_id": "GOOGL20230379",
    "title": "",
    "text": "employees critical success. competitive compensation. Culture Workforce Part I Item 1 Annual Report Form 10-K."
}
{
    "_id": "GOOGL20230381",
    "title": "",
    "text": "generate online advertising cloud solutions infrastructure platform services communication collaboration tools sales devices fees products. Note 1 Financial Statements Item 8 Annual Report Form 10-K."
}
{
    "_id": "GOOGL20230383",
    "title": "",
    "text": "long-term trends financial effect fluctuations revenues affected factors foreign currency exchange rates"
}
{
    "_id": "GOOGL20230384",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230389",
    "title": "",
    "text": "Alphabet. pricing fee discounts incentives economic conditions external dynamics geopolitical regulations spending product launches."
}
{
    "_id": "GOOGL20230390",
    "title": "",
    "text": "fluctuations revenues advertising other sources subscriptions platforms devices Cloud Other Bets by factors unique."
}
{
    "_id": "GOOGL20230392",
    "title": "",
    "text": "Services advertising subscriptions platforms devices."
}
{
    "_id": "GOOGL20230397",
    "title": "",
    "text": "Google advertising revenues •Google Search revenues properties traffic search distribution partners. Google properties Gmail Maps Play ads revenues properties Network revenues properties AdMob AdSense Google Ad Manager."
}
{
    "_id": "GOOGL20230398",
    "title": "",
    "text": "metrics traffic advertising revenues paid clicks cost-per-click Google Search impressions cost-per-impression Google Network."
}
{
    "_id": "GOOGL20230399",
    "title": "",
    "text": "Paid clicks engagement advertisements Google search Gmail Maps Play. Cost-per-click-driven revenues divided paid clicks average advertisers."
}
{
    "_id": "GOOGL20230400",
    "title": "",
    "text": "Impressions Google Network AdMob AdSense Ad Manager. Cost-per-impression revenues divided impressions average advertisers."
}
{
    "_id": "GOOGL20230401",
    "title": "",
    "text": "business evolves review update methodologies monitoring counting paid clicks impressions identifying revenues."
}
{
    "_id": "GOOGL20230407",
    "title": "",
    "text": "advertising revenues paid clicks cost-per-click Google Search impressions cost-per Google Network affected •advertiser competition advertising quality formats delivery policy device mix fluctuations internet usage advertising expenditures business trends growth emerging markets verticals channels."
}
{
    "_id": "GOOGL20230408",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230409",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230415",
    "title": "",
    "text": "Google subscriptions platforms devices revenues subscriptions YouTube services Music NFL Sunday Ticket Google One Google Play apps in-app purchases Pixel family products services."
}
{
    "_id": "GOOGL20230416",
    "title": "",
    "text": "Google subscriptions platforms devices revenues affected by customer usage demand number subscribers timing product launches."
}
{
    "_id": "GOOGL20230421",
    "title": "",
    "text": "Google Cloud revenues Platform generates fees subscriptions infrastructure services. cybersecurity databases AI Vertex AI Duet AI Workspace subscriptions communication Calendar Gmail Docs Drive Duet AI enterprise services."
}
{
    "_id": "GOOGL20230422",
    "title": "",
    "text": "Fluctuations Google Cloud revenues affected by customer usage."
}
{
    "_id": "GOOGL20230424",
    "title": "",
    "text": "Revenues Bets healthcare internet."
}
{
    "_id": "GOOGL20230426",
    "title": "",
    "text": "cost structure revenues operating expenses. operating expenses include R&D sales marketing administrative functions. less variable correlate revenue. fluctuations compensation expenses correlate with headcount compensation awards four years."
}
{
    "_id": "GOOGL20230429",
    "title": "",
    "text": "revenues TAC costs. includes"
}
{
    "_id": "GOOGL20230430",
    "title": "",
    "text": "paid partners search points. providers mobile carriers equipment software developers"
}
{
    "_id": "GOOGL20230432",
    "title": "",
    "text": "paid Google partners ads properties. revenues"
}
{
    "_id": "GOOGL20230433",
    "title": "",
    "text": "expense data centers content review support"
}
{
    "_id": "GOOGL20230434",
    "title": "",
    "text": "acquisition costs payments content providers YouTube Google Play pay fees revenues flat"
}
{
    "_id": "GOOGL20230436",
    "title": "",
    "text": "costs devices sell."
}
{
    "_id": "GOOGL20230437",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230438",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230439",
    "title": "",
    "text": "TAC revenues Google Network properties higher than Google Search other properties revenues Network paid as TAC partners."
}
{
    "_id": "GOOGL20230441",
    "title": "",
    "text": "Operating expenses incurred business R&D sales marketing."
}
{
    "_id": "GOOGL20230445",
    "title": "",
    "text": "R&D expenses •compensation employees products •depreciation-party services fees consulting outsourced services engineering product development."
}
{
    "_id": "GOOGL20230448",
    "title": "",
    "text": "sales marketing expenses •compensation employees support customer service advertising promotional activities products services."
}
{
    "_id": "GOOGL20230452",
    "title": "",
    "text": "expenses finance human resources technology legal legal matters fines settlements-party services fees audit consulting outsourced services."
}
{
    "_id": "GOOGL20230454",
    "title": "",
    "text": "&E interest income foreign currency exchange gains marketable-marketable securities performance fees equity investments."
}
{
    "_id": "GOOGL20230455",
    "title": "",
    "text": "investments Note 1 3 Financial Statements Part II Item 8 7A Disclosures Market Risk Annual Report Form 10-K."
}
{
    "_id": "GOOGL20230457",
    "title": "",
    "text": "Provision income taxes estimated federal state foreign. S. jurisdictions. includes reserve provisions changes interest penalties."
}
{
    "_id": "GOOGL20230458",
    "title": "",
    "text": ". tax Note 14 Consolidated Financial Statements Item 8 Annual Report Form 10-K."
}
{
    "_id": "GOOGL20230459",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230460",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230473",
    "title": "",
    "text": "table summarizes consolidated financial results millions per share Ended December 31, Change Consolidated revenues#307,394,558 Change consolidated currency Cost revenues,332,129% Operating expenses,769 Operating income,293,451#% Operating margin Other income Net income,795,823 Diluted EPS."
}
{
    "_id": "GOOGL20230479",
    "title": "",
    "text": "Non-GAAP Constant Currency Information. $307. 4 billion Google Services $19. 0 billion 8% Google Cloud $6. 8 billion 26%. constant currency revenues increased 10%. $133. 3 billion increase 6% driven content acquisition costs compensation expenses TAC. employee severance. benefited depreciation lives servers network equipment. expenses $89. 8 billion increase 10% compensation expenses office space optimization efforts. severance SBC expense. lives servers network equipment."
}
{
    "_id": "GOOGL20230482",
    "title": "",
    "text": "January 2023 announced reduction workforce recorded employee severance charges $2. 1 billion year December 31,. global office space. exit charges $1. 8 billion. incurred $269 million accelerated rent depreciation. Note 8 Notes Financial Statements. January 2023 assessment servers network equipment estimated life six years. reduction depreciation expense $3. 9 billion 2023 cost revenues R&D expenses. Note 1 Financial Statements."
}
{
    "_id": "GOOGL20230483",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230489",
    "title": "",
    "text": "Alphabet. July 2023 IRS rule change regulations. foreign tax credits. taxes 2022 2023. adjustment 2023 tax rate 13. 9% December 31, 2023. Class A C shares $62. 2 billion. Note 11 Financial Statements 8 Annual Report Form 10-K. cash flow $101. 7 billion. expenditures infrastructure $32. 3 billion. 182,502 employees."
}
{
    "_id": "GOOGL20230504",
    "title": "",
    "text": "table revenues Ended Google Search,450,033 YouTube ads Google Network,312 advertising subscriptions platforms devices,688 Services Cloud Bets Hedging gains revenues,394"
}
{
    "_id": "GOOGL20230508",
    "title": "",
    "text": "Google revenues increased $12. 6 billion 2022 2023. queries advertiser spending ad formats delivery."
}
{
    "_id": "GOOGL20230510",
    "title": "",
    "text": "YouTube revenues increased $2. 3 billion 2022 2023. brand."
}
{
    "_id": "GOOGL20230512",
    "title": "",
    "text": ". billion 2022 2023 Ad Manager AdSense."
}
{
    "_id": "GOOGL20230513",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230514",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230522",
    "title": "",
    "text": "table monetization metrics Google Search Network 2022 to 2023 Google Paid clicks Cost-per-click Google Network Impressions Cost-per-impression"
}
{
    "_id": "GOOGL20230523",
    "title": "",
    "text": "paid clicks impressions driven advertiser spending product policy search queries user adoption usage mobile."
}
{
    "_id": "GOOGL20230524",
    "title": "",
    "text": "cost-per-click-impression driven device geographic advertiser spending product policy property foreign rates."
}
{
    "_id": "GOOGL20230526",
    "title": "",
    "text": "Google subscriptions increased $5. 6 billion 2022 2023 YouTube. paid subscribers."
}
{
    "_id": "GOOGL20230527",
    "title": "",
    "text": "Google subscriptions platforms devices revenues increased $1. billion 2021 to 2022 offset decrease platform. growth YouTube services paid subscribers. Pixel devices. decrease Google Play fee structure changes decrease buyer spending. affected foreign currency exchange rates."
}
{
    "_id": "GOOGL20230529",
    "title": "",
    "text": "Cloud revenues increased $6. 8 billion 2022 2023. driven Platform Workspace."
}
{
    "_id": "GOOGL20230538",
    "title": "",
    "text": "table presents revenues geography addresses Ended December 31, United States EMEA APAC Americas Hedging gains"
}
{
    "_id": "GOOGL20230539",
    "title": "",
    "text": "Note 2 Financial Statements Item 8 Annual Report."
}
{
    "_id": "GOOGL20230540",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230541",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230543",
    "title": "",
    "text": "International revenues transacted multiple currencies affected exchange rates."
}
{
    "_id": "GOOGL20230544",
    "title": "",
    "text": "effect currency exchange rates business comparisons. use non-GAAP constant currency revenues percentage change for financial operational decision-making comparisons. presentation results constant currency. Accounting Principles performance excludes effects foreign currency volatility results."
}
{
    "_id": "GOOGL20230545",
    "title": "",
    "text": "Constant currency compares results exchange rates. revenues excluding foreign currency rate movements hedging activities recognized consolidated level. currency revenues percentage change-year. calculated translating revenues rates hedging effects."
}
{
    "_id": "GOOGL20230546",
    "title": "",
    "text": "currency revenue change calculated revenues foreign currency revenues translated exchange rates hedging effects excluded."
}
{
    "_id": "GOOGL20230547",
    "title": "",
    "text": "results not substitute results GAAP. Results constant currency not comparable titled measures not measure performance GAAP."
}
{
    "_id": "GOOGL20230559",
    "title": "",
    "text": "table presents foreign currency exchange effect international revenues millions Ended December 31, 2023 Change Prior Period FX Effect Currency Revenues Hedging Effect United States,286 EMEA,578 APAC,273 Other Americas,320,974 Revenues excluding hedging effect,158 Hedging gains (losses Total,111"
}
{
    "_id": "GOOGL20230560",
    "title": "",
    "text": "revenues $309. billion 2023. billion. billion 2022."
}
{
    "_id": "GOOGL20230561",
    "title": "",
    "text": "EMEA revenue growth affected currency rates. dollar Euro offset. strengthening Turkish."
}
{
    "_id": "GOOGL20230562",
    "title": "",
    "text": "APAC revenue currency rates. dollar strengthening Japanese."
}
{
    "_id": "GOOGL20230563",
    "title": "",
    "text": "Americas revenue growth currency rates. dollar Argentine peso."
}
{
    "_id": "GOOGL20230564",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230565",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230574",
    "title": "",
    "text": "table presents cost revenues TAC millions Ended December 31, TAC,566,955,886 Other cost revenues,446 Total cost,939,203,332 percentage"
}
{
    "_id": "GOOGL20230575",
    "title": "",
    "text": "$7. billion 2022 2023 $5. $1. 9 billion."
}
{
    "_id": "GOOGL20230576",
    "title": "",
    "text": "increase TAC 2022 2023 due distribution partners revenues. TAC rate decreased 21. 8% to. 4% 2023 revenue Google Network Google Search. consistent 2022 2023."
}
{
    "_id": "GOOGL20230577",
    "title": "",
    "text": "increase revenues 2022 2023 due content acquisition YouTube compensation expenses $479 million employee severance. depreciation expense lives servers network equipment."
}
{
    "_id": "GOOGL20230578",
    "title": "",
    "text": "revenues $11. billion 2021 2022 device depreciation."
}
{
    "_id": "GOOGL20230584",
    "title": "",
    "text": "table presents R&D expenses millions except Ended December Research expenses,427 percentage revenues"
}
{
    "_id": "GOOGL20230585",
    "title": "",
    "text": "R&D expenses increased $5. 9 billion 2022 2023 compensation $2. 9 billion $870 million office space optimization depreciation $722 million. billion 4% increase headcount SBC expense. $848 million employee severance. $722 million servers network equipment."
}
{
    "_id": "GOOGL20230591",
    "title": "",
    "text": "table presents sales marketing expenses millions Ended December Sales expenses#27,917 percentage revenues"
}
{
    "_id": "GOOGL20230592",
    "title": "",
    "text": "Sales marketing expenses increased $1. 4 billion 2022 2023 compensation $1. 6 billion advertising $441 million. billion $497 million employee severance workforce."
}
{
    "_id": "GOOGL20230593",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230594",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230600",
    "title": "",
    "text": "table presents general administrative expenses millions except Ended December expenses percentage revenues#"
}
{
    "_id": "GOOGL20230601",
    "title": "",
    "text": "expenses increased $701 million 2022 2023 compensation expenses $416 million $264 million employee severance workforce factors."
}
{
    "_id": "GOOGL20230611",
    "title": "",
    "text": "table presents operating income millions. Ended December Google Services,858 Cloud Bets,095) Alphabet,186) income,842,293"
}
{
    "_id": "GOOGL20230612",
    "title": "",
    "text": "costs Alphabet activities hedging gains revenue $2. 0 billion $236 million 2022 2023. December 2023 activities reduction force office space optimization $3. 9 billion. incurred $269 million accelerated rent depreciation. workforce reduction Note 8 Financial Annual 10-K. Note 15."
}
{
    "_id": "GOOGL20230614",
    "title": "",
    "text": "Google Services income increased $13. 2 billion 2022 2023. revenues offset content acquisition costs SBC expense. lives servers network equipment."
}
{
    "_id": "GOOGL20230616",
    "title": "",
    "text": "Google Cloud income $1. 7 billion 2023 $1. 9 billion 2022 $3. 6 billion. revenues compensation expenses headcount growth. costs servers network equipment."
}
{
    "_id": "GOOGL20230618",
    "title": "",
    "text": "loss decreased $541 million 2022 2023 growth liabilities."
}
{
    "_id": "GOOGL20230620",
    "title": "",
    "text": "table OI"
}
{
    "_id": "GOOGL20230621",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230633",
    "title": "",
    "text": "Alphabet Inc. Ended December Interest income,174,865 expense Foreign currency exchange gain(1,238) debt securities equity securities Performance fees Income equity investments income"
}
{
    "_id": "GOOGL20230634",
    "title": "",
    "text": "OI&E increased $4. 9 billion 2022 to 2023. increase due fluctuations increased interest income interest rates."
}
{
    "_id": "GOOGL20230635",
    "title": "",
    "text": "Note 7 Financial Statements 8 Annual Report."
}
{
    "_id": "GOOGL20230642",
    "title": "",
    "text": "table provision income taxes effective tax Ended December Income before provision Provision taxes,922 Effective tax rate."
}
{
    "_id": "GOOGL20230643",
    "title": "",
    "text": "2023 Internal Revenue Services issued rule change apply regulations 2022. foreign tax credits capitalization amortization R&D expenses. cumulative-time adjustment 2023."
}
{
    "_id": "GOOGL20230644",
    "title": "",
    "text": "effective tax rate decreased 2022 2023 rule changes foreign tax credits. offset uncertain tax benefits. tax deduction."
}
{
    "_id": "GOOGL20230645",
    "title": "",
    "text": "OECD negotiations 140 countries tax minimum tax rate 15%. countries implemented legislation January 1 2024 change income tax 2024. jurisdictions tax rate cash tax payments increase."
}
{
    "_id": "GOOGL20230648",
    "title": "",
    "text": "December 2023 $110. 9 billion cash securities. deposits funds bonds debt mortgage equity."
}
{
    "_id": "GOOGL20230650",
    "title": "",
    "text": "sources liquidity cash equivalents securities cash flow operations. primary capital long-term growth. evaluate cash capital structure capital return."
}
{
    "_id": "GOOGL20230651",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230652",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230658",
    "title": "",
    "text": "table presents cash flows Ended December cash operating,495 investing(20,298),063) financing,757)(72,093)"
}
{
    "_id": "GOOGL20230660",
    "title": "",
    "text": "cash advertising revenues Google Search Network YouTube. Services subscriptions sale apps purchases devices. Cloud fees subscriptions infrastructure collaboration services."
}
{
    "_id": "GOOGL20230661",
    "title": "",
    "text": "uses cash include distribution Google Network partners employees content providers. Other suppliers tax authorities expenditures."
}
{
    "_id": "GOOGL20230662",
    "title": "",
    "text": "Net cash increased 2022 2023 customers offset cash revenues expenses."
}
{
    "_id": "GOOGL20230664",
    "title": "",
    "text": "Cash investing activities maturities sales securities. Cash used purchases property equipment payments acquisitions."
}
{
    "_id": "GOOGL20230665",
    "title": "",
    "text": "cash investing 2022 2023 maturities sales offset payments acquisitions."
}
{
    "_id": "GOOGL20230667",
    "title": "",
    "text": "Cash financing debt sale interests consolidated entities. Cash repurchases stock payments repayments debt."
}
{
    "_id": "GOOGL20230668",
    "title": "",
    "text": "cash financing 2022 2023 repurchases."
}
{
    "_id": "GOOGL20230670",
    "title": "",
    "text": "expect cash equivalents securities flows financing commitments investing next 12 months foreseeable future."
}
{
    "_id": "GOOGL20230672",
    "title": "",
    "text": "land buildings data centers offices purchases equipment lease growth services products."
}
{
    "_id": "GOOGL20230676",
    "title": "",
    "text": "capital investments in property equipment categories infrastructure servers network equipment computing storage networking data center land building construction facilities building improvements-outs\")."
}
{
    "_id": "GOOGL20230677",
    "title": "",
    "text": "Construction progress technical infrastructure office facilities not service. purchase to months to years. data center multi-year phases acquire land secure install."
}
{
    "_id": "GOOGL20230678",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230679",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230680",
    "title": "",
    "text": "2022 2023 spent $31. 5 billion $32. 3 billion capital. increase investment technical infrastructure servers data centers growth AI products. Depreciation property. Land depreciated. 2022 2023 $13. 5 billion $11. 9 billion."
}
{
    "_id": "GOOGL20230682",
    "title": "",
    "text": "2022 2023 recognized lease assets $4. 4 billion $2. 9 billion. 2023 future payments $17. 7 billion $3. 2 billion short-term. $657 million $3. 3 billion Balance Sheets. 2024 2026 non one 25 years."
}
{
    "_id": "GOOGL20230683",
    "title": "",
    "text": "2022 2023 lease expenses $3. 7 billion $4. 5 billion. lease costs. Note 4 Financial Statements Annual Report Form."
}
{
    "_id": "GOOGL20230685",
    "title": "",
    "text": "short-term debt financing $10. billion commercial paper. December 2023 no commercial paper."
}
{
    "_id": "GOOGL20230686",
    "title": "",
    "text": "December 2023 $10. billion credit facilities $4. billion 2024 $6. billion 2028. interest rates market rates sustainability goals. borrowed."
}
{
    "_id": "GOOGL20230687",
    "title": "",
    "text": "December 2023 senior unsecured notes $12. 9 billion payments $214 million $3. 6 billion. 6 Annual Report."
}
{
    "_id": "GOOGL20230688",
    "title": "",
    "text": "utilize contract manufacturers assembly servers infrastructure devices. agreements purchase components supply manufacturers. arrangements cash manufacturers financing Consolidated Statements Cash Flows Item 8 Annual Report Form 10-K."
}
{
    "_id": "GOOGL20230690",
    "title": "",
    "text": "528 million shares $62."
}
{
    "_id": "GOOGL20230691",
    "title": "",
    "text": "2023 Alphabet repurchase $70. billion A C. December 2023 $36. billion repurchases."
}
{
    "_id": "GOOGL20230697",
    "title": "",
    "text": "table presents A C shares repurchased retired Ended 2022 2023 A repurchases#6,719,316 C repurchases,577,868,296,184"
}
{
    "_id": "GOOGL20230698",
    "title": "",
    "text": "Shares repurchased unsettled."
}
{
    "_id": "GOOGL20230699",
    "title": "",
    "text": "Note 11 Financial Statements 8 Annual Report."
}
{
    "_id": "GOOGL20230700",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230701",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230703",
    "title": "",
    "text": "2017 2019 EC Google €2. 4 billion$2. 7 billion €4. 3 billion. €1. 5 billion. 20 2022 Court 2018 fine. 3 billion €4. 1 billion. Justice"
}
{
    "_id": "GOOGL20230704",
    "title": "",
    "text": "EC decision included fines expenses liabilities Balance Sheets guarantees. Note 10 Financial Statements Item 8 Annual Report Form 10-K."
}
{
    "_id": "GOOGL20230706",
    "title": "",
    "text": "December 2023 income taxes $4. 2 billion $2. 1 billion short-term tax. Tax Cuts. 2025. long-term taxes $6. 3 billion uncertain tax positions."
}
{
    "_id": "GOOGL20230708",
    "title": "",
    "text": "December 31, 2023 purchase commitments obligations $45. 9 billion $31. 6 billion short-term. purchase orders technical infrastructure non-cancelable fee agreements. non obligation minimum quantities pricing. obligations change fulfillment. Note 10 Consolidated Financial Statements Item 8 Annual Report Form 10-K."
}
{
    "_id": "GOOGL20230709",
    "title": "",
    "text": "enter multi-year non-cancellable agreements renewable energy certificates. minimum dollar commitment. based volumes not determinable."
}
{
    "_id": "GOOGL20230711",
    "title": "",
    "text": "prepare consolidated financial statements GAAP. make estimates assumptions. critical estimates significant uncertainty changes financial condition results. actual results differ estimates. base estimates past experience assumptions evaluate. reviewed estimates with Audit Compliance Committee Board Directors."
}
{
    "_id": "GOOGL20230712",
    "title": "",
    "text": "accounting policies statements Note 1 Statements 8 Annual Report 10-K."
}
{
    "_id": "GOOGL20230714",
    "title": "",
    "text": "measure financial instruments nonrecurring non-marketable equity securities. measurement alternative method cost less impairment adjustments price changes issuer. adjustments require assessments unobservable inputs. Adjustments determined market approach estimates best information cash flow projections market data."
}
{
    "_id": "GOOGL20230715",
    "title": "",
    "text": "Non-marketable equity securities evaluated impairment financial liquidity position capital. indicators prepare measurements equity market income unobservable inputs discount rates revenues costs market data."
}
{
    "_id": "GOOGL20230716",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230717",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230718",
    "title": "",
    "text": "quantitative remeasurements impairment write investment."
}
{
    "_id": "GOOGL20230719",
    "title": "",
    "text": "compensation arrangements returns investments. fees. record compensation expense estimated payouts expense before returns unobservable inputs."
}
{
    "_id": "GOOGL20230721",
    "title": "",
    "text": "assess useful lives property equipment periodically changes business operations planned use utilization assets technological advancements change period benefit."
}
{
    "_id": "GOOGL20230723",
    "title": "",
    "text": "subject taxes. foreign jurisdictions. judgment tax positions provision."
}
{
    "_id": "GOOGL20230724",
    "title": "",
    "text": "Recording uncertain tax position involves considerations tax exposures applicability laws likelihood settlement. evaluate positions periodically changes new regulations judicial opinions audit activities. uncertain tax positions no final tax outcome different. differences affect provision income taxes effective tax rate."
}
{
    "_id": "GOOGL20230725",
    "title": "",
    "text": "provision income taxes includes reserve provisions changes net interest penalties. subject examination returns by IRS tax authorities assessments. assess adverse outcomes."
}
{
    "_id": "GOOGL20230727",
    "title": "",
    "text": "subject claims lawsuits investigations consent orders competition intellectual property privacy data security tax compliance labor employment commercial disputes content goods services personal injury protection. speculative claims damages. record liability loss. loss disclose Note 10 Consolidated Financial Statements Item 8 Annual Report Form 10-K."
}
{
    "_id": "GOOGL20230728",
    "title": "",
    "text": "evaluate developments legal matters liability accrued possible losses make adjustments disclosures. judgment required determine likelihood estimated loss. Until final resolution exposure loss recorded amounts material."
}
{
    "_id": "GOOGL20230730",
    "title": "",
    "text": "January 2023 assessment servers equipment six years. effective year 2023. Note 1 Consolidated Financial Statements Item 8 Annual Report Form 10-K."
}
{
    "_id": "GOOGL20230731",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230732",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230734",
    "title": "",
    "text": "exposed financial market risks currency equity."
}
{
    "_id": "GOOGL20230736",
    "title": "",
    "text": "transact business currencies. revenues costs expenses risk fluctuations. dollar. enter derivative instruments hedge risk. currencies Australian dollar British pound Canadian dollar Euro Japanese yen. historical trends adverse changes 10%."
}
{
    "_id": "GOOGL20230737",
    "title": "",
    "text": "use foreign currency option contracts exchange risk assets liabilities. reduce effect foreign currency exchange rate movements assets liabilities. currency gains losses recorded OI&E offset contracts."
}
{
    "_id": "GOOGL20230738",
    "title": "",
    "text": "adverse 10% foreign currency exchange rate change assets liabilities commitments adverse effect income $136 million $503 million December 31, 2022 2023 foreign exchange contracts."
}
{
    "_id": "GOOGL20230739",
    "title": "",
    "text": "use foreign currency option contracts collars protect. dollar earnings exchange rates. dollar strengthens gains reduce losses. weakens losses offset gains. contracts reduce eliminate effect exchange rate movements. designate cash flow hedges. reflect gains losses rate changes income reclassify into revenues offset hedged exposures."
}
{
    "_id": "GOOGL20230740",
    "title": "",
    "text": ". dollar weakened 10% December 2022 2023 AOCI hedges $1. 3 billion $1. 5 billion lower December 2022 2023. hedged revenues."
}
{
    "_id": "GOOGL20230741",
    "title": "",
    "text": "foreign exchange contracts investment hedges currency risks subsidiaries. currency translation risk."
}
{
    "_id": "GOOGL20230742",
    "title": "",
    "text": ". dollar weakened 10% investment hedges $903 million $946 million lower December 31, 2022 2023. change value foreign currency foreign subsidiaries."
}
{
    "_id": "GOOGL20230744",
    "title": "",
    "text": "Corporate Treasury investment strategy return capital liquidity. invest debt securities government bonds corporate debt mortgage asset-backed funds time deposits interest rate derivatives. limit credit exposure issuer. investments fixed floating rate rate risk. Fixed floating less income. Unrealized gains losses due interest rate fluctuations. fair value option changes recorded OI&E. measure securities gains losses AOCI less credit losses."
}
{
    "_id": "GOOGL20230745",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230746",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230750",
    "title": "",
    "text": "value-at-risk analysis effect fluctuations interest rates debt portfolio. expected loss value interest rates. variance/covariance VaR model 95% confidence interval. estimated one-day loss debt securities December 2022 2023-Month Average Risk category interest rate"
}
{
    "_id": "GOOGL20230751",
    "title": "",
    "text": "future gains losses debt portfolio differ analyses 2022 2023 limitations interest rates exposures positions. VaR analysis losses risk estimation."
}
{
    "_id": "GOOGL20230753",
    "title": "",
    "text": "marketable non-marketable equity securities risks reduce value."
}
{
    "_id": "GOOGL20230754",
    "title": "",
    "text": "marketable securities publicly traded stocks non-marketable companies startup development."
}
{
    "_id": "GOOGL20230755",
    "title": "",
    "text": "record equity securities value stocks mutual funds volatility represent $5. 2 billion $6. 0 billion investments December 2022 2023. adverse price change 10% 2023 $597 million. derivatives hedge risk."
}
{
    "_id": "GOOGL20230756",
    "title": "",
    "text": "non-marketable equity securities not adjusted to fair value for transactions issuer measurement alternative. fair value not current balance. investments early stages risky financial loss. Valuations equity complex lack market data lower valuations losses. global economic conditions volatility. success investment on appreciation liquidity events public offerings private sales market events. valuation non-marketable equity securities not correlate with marketable equity securities. December 31, 2022 2023 carrying value non-marketable equity securities accounted $28. 5 billion $28. 8 billion."
}
{
    "_id": "GOOGL20230757",
    "title": "",
    "text": "equity investments $1. 7 billion December 31, 2022 2023 fluctuate price changes. exceeds value."
}
{
    "_id": "GOOGL20230758",
    "title": "",
    "text": "equity 1 3 Statements 8 Annual Report Form 10-K."
}
{
    "_id": "GOOGL20230759",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230760",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230762",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230771",
    "title": "",
    "text": "Reports Accounting Firm 42 Financial Statements Balance Sheets Income Comprehensive Equity Cash Flows"
}
{
    "_id": "GOOGL20230773",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230774",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230776",
    "title": "",
    "text": "Stockholders Alphabet."
}
{
    "_id": "GOOGL20230778",
    "title": "",
    "text": "audited consolidated balance sheets Alphabet Inc. December 31, 2022 2023 statements income stockholders' equity cash flows three notes financial statement schedule Index Item 15. statements present financial position December 31, 2022 2023 results operations cash flows U. accounting principles."
}
{
    "_id": "GOOGL20230779",
    "title": "",
    "text": "audited Public Company Accounting Oversight Board control financial reporting December 31, 2023 Internal Framework report January 30, 2024 unqualified opinion."
}
{
    "_id": "GOOGL20230781",
    "title": "",
    "text": "financial statements responsibility Company management. opinion audits. public accounting firm registered PCAOB independent. federal securities laws Securities Exchange Commission PCAOB."
}
{
    "_id": "GOOGL20230782",
    "title": "",
    "text": "conducted audits standards PCAOB. standards require plan audit assurance financial statements free misstatement. audits included risks misstatement. procedures included examining evidence amounts disclosures statements. accounting principles estimates management overall presentation. audits provide reasonable basis for opinion."
}
{
    "_id": "GOOGL20230784",
    "title": "",
    "text": "critical audit matter from current period audit of financial statements communicated to audit committee relates to accounts disclosures material to challenging complex judgments. alter our opinion on consolidated financial statements not separate opinion on."
}
{
    "_id": "GOOGL20230785",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230786",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230787",
    "title": "",
    "text": "Loss Contingencies Company subject to claims lawsuits investigations consent orders competition intellectual property data privacy tax compliance labor employment commercial disputes content goods services personal injury consumer protection. Note 10 financial statements “Commitments adverse consequences. judgment likelihood estimated amount loss. Auditing loss contingencies auditor judgment probability loss estimated."
}
{
    "_id": "GOOGL20230788",
    "title": "",
    "text": "Addressed Matter Audit tested controls over risks accounting disclosure. included controls over probability incurrence loss development disclosures. audit procedures included previous rulings status lawsuits letters from legal counsel meeting representation letter management. evaluated Company’s disclosures."
}
{
    "_id": "GOOGL20230790",
    "title": "",
    "text": "served auditor."
}
{
    "_id": "GOOGL20230793",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230794",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230796",
    "title": "",
    "text": "Stockholders Alphabet."
}
{
    "_id": "GOOGL20230798",
    "title": "",
    "text": "audited Alphabet Inc. control financial reporting December 31, 2023 Internal Framework Sponsoring Organizations Treadway Commission. Alphabet. maintained control reporting 2023."
}
{
    "_id": "GOOGL20230799",
    "title": "",
    "text": "audited Public Company Accounting Oversight 2023 statements report January 30 unqualified opinion."
}
{
    "_id": "GOOGL20230801",
    "title": "",
    "text": "management responsible internal control financial reporting assessment Report. responsibility opinion control based audit. public accounting firm registered PCAOB independent U. S. federal securities laws rules Securities and Exchange Commission PCAOB."
}
{
    "_id": "GOOGL20230802",
    "title": "",
    "text": "conducted audit PCAOB. standards require plan assurance internal control financial reporting."
}
{
    "_id": "GOOGL20230803",
    "title": "",
    "text": "audit included understanding internal control financial reporting risk material weakness testing effectiveness procedures necessary. audit provides basis opinion."
}
{
    "_id": "GOOGL20230805",
    "title": "",
    "text": "internal control over financial reporting assurance reliability financial reporting preparation financial statements for accounting principles. includes policies procedures maintenance records transactions dispositions assets assurance transactions recorded necessary preparation financial statements receipts expenditures with authorizations management directors assurance prevention of unauthorized acquisition use disposition assets financial statements."
}
{
    "_id": "GOOGL20230806",
    "title": "",
    "text": "limitations internal control financial reporting prevent misstatements. projections effectiveness future risk controls compliance policies deteriorate."
}
{
    "_id": "GOOGL20230810",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230811",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230812",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230854",
    "title": "",
    "text": "December Assets Cash,879,048 Marketable securities,868,916 Accounts receivable,650 Non securities,008 Deferred income taxes Property equipment,345 lease Goodwill,198 non-current assets,264 Liabilities Stockholders’ Equity Accounts payable,128 compensation benefits expenses liabilities,168 revenue Deferred revenue liabilities Long debt,253 Deferred revenue taxes lease liabilities long-term liabilities,013 Commitments Contingencies Stockholders’ equity Preferred stock. 100 shares no issued outstanding A B C capital. shares authorized A 180,000 B 60,000 C 12,849 883 6,002) 12,460 5,899 870 shares issued outstanding income earnings,247 equity,379 liabilities equity,264"
}
{
    "_id": "GOOGL20230855",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230856",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230857",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230858",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230876",
    "title": "",
    "text": "Ended December Revenues,394 Costs expenses revenues,939,203,332 Research development,500,427 Sales marketing,912,567 General administrative costs expenses,101 Income operations,842,293,020 before taxes,734,328 Provision taxes,701,356,922 Net income#59,972,795 net income stock. 69. 59. 84 income. 56."
}
{
    "_id": "GOOGL20230877",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230878",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230879",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230880",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230897",
    "title": "",
    "text": "Ended December Net income,795 income foreign currency translation adjustment,442 investments unrealized gains,312),344 reclassification,168 income tax benefit $394 $1,056 $(698),376),713) Cash flow hedges unrealized gains reclassification(1,706) tax benefit $(122) $110 $2 income,256(5,980),201 income,777,996"
}
{
    "_id": "GOOGL20230898",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230899",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230900",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230901",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230929",
    "title": "",
    "text": "A B C Stock Paid Capital Balance December 31, 2020,504 Stock compensation expense,539 Tax withholding,273) Repurchases(2,324) Sale interest income Balance December 31, 2021,774 Stock Tax withholding(9,754 Repurchases(3,404) Sale interest entities income Balance December 31, 2022,849######68,184,578 Tax withholding,164) Repurchases,064) income Balance December 31, 2023,460#76,534"
}
{
    "_id": "GOOGL20230930",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230931",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230932",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230933",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230976",
    "title": "",
    "text": "Ended December Net income,795 Adjustments Depreciation property equipment,273 Stock compensation,376,362,460 Deferred income taxes loss debt equity securities,270,330 Changes assets Accounts receivable,095) Income taxes Other assets Accounts payable Accrued expenses liabilities revenue Deferred revenue Net cash,652,495 Investing Purchases property equipment,251) marketable securities,196),874),294,672 non Acquisitions purchases intangible assets(2,618)(6,969) activities(1,051) cash(20,298),063) Financing payments stock,162)(9,300)(9,837) Repurchases(50,274)(59,296) issuance debt,199,790 Repayments debt(54,068)(11,550) sale interest financing(61,362)(69,757)(72,093) exchange rate cash equivalents(5,520),169,465,945,879 end,945,879,048 cash flow income taxes refunds,892,164"
}
{
    "_id": "GOOGL20230977",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230978",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230979",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230980",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20230984",
    "title": "",
    "text": "incorporated California 1998-incorporated Delaware 2003. reorganization Alphabet. successor Google."
}
{
    "_id": "GOOGL20230985",
    "title": "",
    "text": "generate online advertising cloud solutions infrastructure platform services communication collaboration tools sales products apps devices."
}
{
    "_id": "GOOGL20230987",
    "title": "",
    "text": "consolidated statements entities variable voting. Intercompany transactions eliminated."
}
{
    "_id": "GOOGL20230989",
    "title": "",
    "text": "consolidated financial statements GAAP requires estimates assumptions. results differ uncertainties. evaluate estimates credit losses licenses contingent liabilities values financial instruments income taxes inventory useful lives property equipment. base estimates on assumptions values assets liabilities."
}
{
    "_id": "GOOGL20230990",
    "title": "",
    "text": "January 2023 adjusted four six equipment five six. effective fiscal year 2023. servers equipment December 31, 2022 31, 2023 depreciation expense $3. 9 billion increase net income $3. 0 billion $0. 24 basic. diluted share December 31, 2023."
}
{
    "_id": "GOOGL20230992",
    "title": "",
    "text": "Revenues recognized promised transferred customers collectibility probable. Sales taxes excluded revenues."
}
{
    "_id": "GOOGL20230997",
    "title": "",
    "text": "generate advertising revenues delivering Search properties traffic search partners. Google properties Gmail Maps Play Network properties revenues AdMob AdSense Google Ad Manager."
}
{
    "_id": "GOOGL20230998",
    "title": "",
    "text": "purchase Ads Manager Display Video Marketing Platform."
}
{
    "_id": "GOOGL20230999",
    "title": "",
    "text": "offer performance brand. recognize revenues performance engages. brand revenues displayed views."
}
{
    "_id": "GOOGL20231000",
    "title": "",
    "text": "ads Google Network properties evaluate principal. or agent. net. report advertising revenues gross basis amounts billed customers recorded revenues"
}
{
    "_id": "GOOGL20231001",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231002",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231003",
    "title": "",
    "text": "paid to Google partners recorded cost revenues. principal control advertising inventory before customers. control evidenced by supported responsible discretion establishing pricing."
}
{
    "_id": "GOOGL20231009",
    "title": "",
    "text": "Google subscriptions platforms devices revenues subscriptions YouTube services TV Music NFL Sunday Ticket One Google Play apps in-app purchases Pixel family products services."
}
{
    "_id": "GOOGL20231010",
    "title": "",
    "text": "Subscription revenues recognized monthly. report Google Play sales in-app purchases transaction developers users earn service fee."
}
{
    "_id": "GOOGL20231015",
    "title": "",
    "text": "Google Cloud revenues Cloud Platform fees subscriptions infrastructure services. cybersecurity databases AI Vertex Duet AI Workspace subscriptions communication collaboration Calendar Gmail Docs Drive Duet AI enterprise services."
}
{
    "_id": "GOOGL20231016",
    "title": "",
    "text": "cloud services provided consumption or subscription contract terms longer year. Revenues recognized consumed. Revenues subscription recognized over contract term receives consumes benefits."
}
{
    "_id": "GOOGL20231018",
    "title": "",
    "text": "contracts include multiple obligations. allocate revenues standalone selling price. determine charged."
}
{
    "_id": "GOOGL20231020",
    "title": "",
    "text": "customers receive cash incentives credits variable consideration. estimate reduce revenues. significant changes estimates."
}
{
    "_id": "GOOGL20231022",
    "title": "",
    "text": "expense sales commissions year less. recognize asset commissions amortize. recorded sales marketing expenses."
}
{
    "_id": "GOOGL20231025",
    "title": "",
    "text": "revenues TAC costs. includes"
}
{
    "_id": "GOOGL20231026",
    "title": "",
    "text": "paid partners search points. providers mobile carriers equipment software developers"
}
{
    "_id": "GOOGL20231027",
    "title": "",
    "text": "paid Google ads properties."
}
{
    "_id": "GOOGL20231028",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231030",
    "title": "",
    "text": ". revenues"
}
{
    "_id": "GOOGL20231031",
    "title": "",
    "text": "expense data centers content review support"
}
{
    "_id": "GOOGL20231032",
    "title": "",
    "text": "acquisition costs payments content providers YouTube Google Play pay fees revenues flat"
}
{
    "_id": "GOOGL20231034",
    "title": "",
    "text": "costs devices sell."
}
{
    "_id": "GOOGL20231036",
    "title": "",
    "text": "expense software development costs before technological feasibility reached. feasibility before release. development costs criteria capitalization not material periods."
}
{
    "_id": "GOOGL20231037",
    "title": "",
    "text": "Software development costs include internal needs cloud-based applications services. capitalize costs preliminary project stage probable function. Costs capitalized not material periods presented."
}
{
    "_id": "GOOGL20231039",
    "title": "",
    "text": "Stock compensation Alphabet units. equity classified measured market value grant date. RSU expense account forfeitures."
}
{
    "_id": "GOOGL20231040",
    "title": "",
    "text": "RSUs shares issued vesting dates income tax withholding. fewer shares issued RSUs income tax withholding capital."
}
{
    "_id": "GOOGL20231041",
    "title": "",
    "text": "SBC includes stock awards performance stock units market conditions settled cash stock Bet companies. equity classified expense recognized service period. awards liability classified remeasured fair value. equity valuation."
}
{
    "_id": "GOOGL20231043",
    "title": "",
    "text": "expense advertising. 2021 2022 2023 $7. billion $9. 2 $8. billion."
}
{
    "_id": "GOOGL20231045",
    "title": "",
    "text": "Performance fees compensation arrangements payouts returns investments. record expense estimated payouts expense before returns unobservable inputs. OI&E."
}
{
    "_id": "GOOGL20231047",
    "title": "",
    "text": "Fair value exit price sell asset transfer liability transaction market. market-based determined assumptions pricing asset liability. Assets liabilities fair value measured classified three-tier fair value hierarchy inputs"
}
{
    "_id": "GOOGL20231048",
    "title": "",
    "text": "inputs prices assets liabilities markets."
}
{
    "_id": "GOOGL20231049",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231050",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231051",
    "title": "",
    "text": "Level 2 Inputs prices active markets model-based valuation techniques inputs. models project future cash flows discount value inputs interest rate curves foreign exchange rates credit ratings."
}
{
    "_id": "GOOGL20231052",
    "title": "",
    "text": "Unobservable inputs supported activities."
}
{
    "_id": "GOOGL20231053",
    "title": "",
    "text": "fair value hierarchy requires minimize unobservable. determination involves valuation methods inputs models."
}
{
    "_id": "GOOGL20231054",
    "title": "",
    "text": "assets liabilities include cash marketable securities derivative instruments non-marketable debt securities. non equity securities. cost value disclosed."
}
{
    "_id": "GOOGL20231055",
    "title": "",
    "text": "measure instruments SBC awards assets liabilities combination fair value nonrecurring."
}
{
    "_id": "GOOGL20231057",
    "title": "",
    "text": "instruments equivalents securities accounts receivable."
}
{
    "_id": "GOOGL20231059",
    "title": "",
    "text": "credit risk cash debt securities instruments foreign exchange contracts accounts receivable. manage risk creditworthiness credit limits collateral management. Foreign exchange contracts high credit. Accounts receivable unsecured revenues. credit risk credit. require collateral."
}
{
    "_id": "GOOGL20231061",
    "title": "",
    "text": "cash bonds mortgage securities deposits funds."
}
{
    "_id": "GOOGL20231063",
    "title": "",
    "text": "classify marketable debt securities three months or less cash equivalents greater than three months marketable Balance Sheets. determine classification reevaluate. securities available-for-sale. liquidity requirements sell prior maturities. classify liquid securities maturities beyond 12 months current assets marketable securities. carry securities fair value report unrealized gains losses stockholders’ equity except changes credit losses recorded in OI&E. certain fair value option recorded OI&E. determine gains losses sale record OI&E."
}
{
    "_id": "GOOGL20231064",
    "title": "",
    "text": "investments equity securities value gains losses recognized.-up 12 months non-current Consolidated Balance Sheets."
}
{
    "_id": "GOOGL20231066",
    "title": "",
    "text": "Non-marketable securities equity. account influence control investee. securities accounted measurement alternative. carrying value measured at cost less impairment"
}
{
    "_id": "GOOGL20231067",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231068",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231069",
    "title": "",
    "text": "price transactions investments issuer. Adjustments market approach transaction date recorded OI&E."
}
{
    "_id": "GOOGL20231070",
    "title": "",
    "text": "Non-marketable securities non-current Balance Sheets."
}
{
    "_id": "GOOGL20231072",
    "title": "",
    "text": "3 accounting policy."
}
{
    "_id": "GOOGL20231074",
    "title": "",
    "text": "payment terms accounts receivable vary locations products. term invoicing payment significant. certain require payment before delivered. receivable services right invoice."
}
{
    "_id": "GOOGL20231075",
    "title": "",
    "text": "maintain allowance credit losses recorded classified general administrative expense Consolidated Statements Income. assess collectibility customers disputes issues. consider historical collectibility past due status creditworthiness credit evaluations. customer-specific information market conditions forecasts future economic conditions."
}
{
    "_id": "GOOGL20231077",
    "title": "",
    "text": "financial instruments include debt equity investments in companies entered commercial arrangements. judgment required substance arrangements under GAAP value fair value. if investment impaired remaining performance obligations reassessed reduced."
}
{
    "_id": "GOOGL20231079",
    "title": "",
    "text": "review debt non."
}
{
    "_id": "GOOGL20231080",
    "title": "",
    "text": "debt securities unrealized loss determine credit loss. estimated collectibility past events current conditions forecasts. credit loss recorded charge OI&E not unrealized loss. losses recognized AOCI. intent sell before recovery amortized cost write down fair value record charge&E."
}
{
    "_id": "GOOGL20231081",
    "title": "",
    "text": "non-marketable equity securities consider impairment indicators financial liquidity position capital. impaired write down fair value charge. prepare measurements fair value market income approach."
}
{
    "_id": "GOOGL20231083",
    "title": "",
    "text": "Inventory finished goods cost value. computed first method."
}
{
    "_id": "GOOGL20231085",
    "title": "",
    "text": "determine arrangement entity investment variable interests entity (VIE). consolidate VIEs primary beneficiary. direct activities affect economic performance obligation absorb majority losses"
}
{
    "_id": "GOOGL20231086",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231087",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231088",
    "title": "",
    "text": ". not primary beneficiary account investment variable interests GAAP."
}
{
    "_id": "GOOGL20231089",
    "title": "",
    "text": "assess changes interest entity affect determination VIE primary beneficiary."
}
{
    "_id": "GOOGL20231091",
    "title": "",
    "text": "Property equipment land technology construction leasehold improvements furniture fixtures. buildings offices data centers improvements. servers network equipment. Construction."
}
{
    "_id": "GOOGL20231092",
    "title": "",
    "text": "Property equipment cost less depreciation. recorded estimated lives. Land not depreciated. buildings seven to 25 years. information technology assets six years. leasehold improvements lease term. Depreciation furniture commences ready use."
}
{
    "_id": "GOOGL20231094",
    "title": "",
    "text": "allocate goodwill units expected benefit business combination. evaluate periodically changes. reassign goodwill fair value allocation. test goodwill impairment annually. impairments not material periods."
}
{
    "_id": "GOOGL20231096",
    "title": "",
    "text": "determine inception. lease agreements contain non-lease components. Payments fixed. Non-lease maintenance utilities. combine single lease increases lease assets liabilities."
}
{
    "_id": "GOOGL20231097",
    "title": "",
    "text": "lease agreements variable payments expensed liabilities. Consumer Price Index maintenance utilities."
}
{
    "_id": "GOOGL20231098",
    "title": "",
    "text": "Lease assets liabilities recognized present value future lease payments commencement. incremental borrowing rate. interest collateralized basis similar terms payments economic environments. lease terms include options extend terminate lease. base non-cancelable lease term assets liabilities. include prepaid lease payments incentives."
}
{
    "_id": "GOOGL20231099",
    "title": "",
    "text": "lease assets liabilities Consolidated Balance Sheets. expenses long-term. Finance lease assets property equipment. liabilities accrued expenses long-term debt."
}
{
    "_id": "GOOGL20231100",
    "title": "",
    "text": "lease expense recognized straight-line term."
}
{
    "_id": "GOOGL20231102",
    "title": "",
    "text": "review leases property equipment intangible assets excluding goodwill impairment. evaluation lowest cash flows independent. measure recoverability carrying amounts future cash flows"
}
{
    "_id": "GOOGL20231103",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231104",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231105",
    "title": "",
    "text": "generate. carrying value recoverable impairment measured exceeds value."
}
{
    "_id": "GOOGL20231107",
    "title": "",
    "text": "account income taxes asset liability method recognize taxes payable current year deferred tax assets liabilities future consequences financial statements. measure deferred tax assets liabilities tax law. evaluate likelihood future realization establish reduce increase. account tax effects global intangible low tax Income provision current period expense."
}
{
    "_id": "GOOGL20231108",
    "title": "",
    "text": "recognize financial statement effects tax position sustained examination. tax benefits measured largest benefit 50% settlement authority. interest penalties unrecognized tax benefits income tax provision."
}
{
    "_id": "GOOGL20231110",
    "title": "",
    "text": "include results acquisition date. allocate purchase price assets liabilities estimated values except revenue contracts recognized. excess purchase price values recorded goodwill. Acquisition expenses recognized expensed incurred."
}
{
    "_id": "GOOGL20231112",
    "title": "",
    "text": "translate financial statements subsidiaries. dollars rates assets liabilities annual revenues expenses. record translation gains losses AOCI stockholders’ equity. reflect exchange gains losses conversion."
}
{
    "_id": "GOOGL20231114",
    "title": "",
    "text": "November 2023 Financial Standards Board issued 2023-07 Reporting Disclosures expands interim expenses. effective annual January 2024 interim January 1 2025 early adoption. evaluating financial statement disclosures."
}
{
    "_id": "GOOGL20231115",
    "title": "",
    "text": "December 2023 FASB issued ASU 2023-09 requirements rate reconciliation. effective January 1, 2025 early adoption. evaluating effect financial statement disclosures."
}
{
    "_id": "GOOGL20231117",
    "title": "",
    "text": "amounts prior reclassified current."
}
{
    "_id": "GOOGL20231118",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231119",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231134",
    "title": "",
    "text": "table revenues Ended Google Search,450,033 YouTube ads,243 Google Network,701,780 advertising,497 Google subscriptions platforms devices,055,688 Services Google Cloud,206,280 Bets Hedging gains revenues,394"
}
{
    "_id": "GOOGL20231135",
    "title": "",
    "text": "10% revenues 2021 2022 2023."
}
{
    "_id": "GOOGL20231144",
    "title": "",
    "text": "table presents revenues disaggregated geography addresses customers Ended December United States,854,286 EMEA(1),107,062 APAC(1),123,024 Americas(1),404,320 Hedging gains Total revenues,394"
}
{
    "_id": "GOOGL20231145",
    "title": "",
    "text": "Regions Europe East Africa Asia-Pacific Latin America."
}
{
    "_id": "GOOGL20231147",
    "title": "",
    "text": "December 31, 2023 $74. 1 billion obligations Google Cloud. backlog future recognized revenue. estimated revenue backlog driven contract terms. expect recognize half revenue backlog next 24 months remaining thereafter. includes deferred revenue excludes contracts one year less cancellable contracts."
}
{
    "_id": "GOOGL20231149",
    "title": "",
    "text": "record deferred revenues. Google Cloud subscriptions platforms devices. revenue December 2022 $4. 5 billion $2. 4 billion 2023."
}
{
    "_id": "GOOGL20231153",
    "title": "",
    "text": "Cash equivalents securities measured Level"
}
{
    "_id": "GOOGL20231154",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231155",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231156",
    "title": "",
    "text": "Level 2 fair value hierarchy quoted prices identical assets markets."
}
{
    "_id": "GOOGL20231157",
    "title": "",
    "text": "Debt securities measured Level 2 quoted market prices alternative sources models. debt securities elected fair value option changes recorded OI&E. unrealized gains losses contracts."
}
{
    "_id": "GOOGL20231176",
    "title": "",
    "text": "tables summarize cash equivalents marketable securities fair value December 31, Value Hierarchy Cost Gains Value Equivalents Securities changes income Time deposits,297 Government bonds,055,772 Corporate debt securities,578 Mortgage-backed securities,176 investments fair value change,087,308 value adjustments net income Money market funds,234 marketable equity,013 Mutual funds Government bonds Corporate debt securities,744Mortgage-backed securities investments value change net#18,893,152 Cash Total#91,087(4,856),201,879,883"
}
{
    "_id": "GOOGL20231177",
    "title": "",
    "text": "gains losses securities."
}
{
    "_id": "GOOGL20231178",
    "title": "",
    "text": "long-term equity securities $803 million December 31, 2022."
}
{
    "_id": "GOOGL20231179",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231198",
    "title": "",
    "text": ".December 31, Value Hierarchy Cost Gains Value Equivalents Securities changes income Time deposits Government bonds,106,660,667 Corporate debt securities,457 Mortgage-backed securities,243,697 investments fair value change,434,296 value adjustments net income Money market funds marketable equity,282 Mutual funds Government bonds Corporate debt securities,782,691 Mortgage-backed-backed securities,683,683 investmentschange net#19,490#6,918,572 Cash Total#80,434,950,407,048,868"
}
{
    "_id": "GOOGL20231199",
    "title": "",
    "text": "gains losses securities."
}
{
    "_id": "GOOGL20231200",
    "title": "",
    "text": "long-term equity securities $1. 4 billion December 2023."
}
{
    "_id": "GOOGL20231202",
    "title": "",
    "text": "non equity securities companies without market values. carrying value adjusted to value transactions. remeasured based transactions Level 2 or 3 fair value valuation methods option pricing market common stock method price inputs volatility risk free rate rights obligations. inputs vary investment type. fair value remeasured due to impairment Level 3."
}
{
    "_id": "GOOGL20231203",
    "title": "",
    "text": "December 2023 non-marketable securities $28. 8 billion $13. 7 billion remeasured Level 2 value."
}
{
    "_id": "GOOGL20231204",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231205",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231213",
    "title": "",
    "text": "table debt securities maturity dates December 31, 2023 one year,231 five,477 10,351 after 10 years,216 Total,275"
}
{
    "_id": "GOOGL20231228",
    "title": "",
    "text": "tables present values losses AOCI aggregated by investment category continuous loss December 31, 2022 than 12 Months Greater Loss Government bonds(1,004),438,477 Corporate debt securities(1,492) Mortgage-backed securities,242) Total(2,029),750(4,779) of December 31, 2023 than 12 Months or Greater Loss Loss Government bonds,897,353 Corporate debt securities Mortgage-backed asset-backed securities Total,228(53),180,408(1,910)"
}
{
    "_id": "GOOGL20231236",
    "title": "",
    "text": "determine gains losses sale extinguishment debt securities identification method. table summarizes gains losses securities OI&E Ended December Unrealized gain debt securities gain loss(1,833) credit losses gain debt securities income(2,064)(1,215)"
}
{
    "_id": "GOOGL20231237",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231238",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231240",
    "title": "",
    "text": "value equity securities cost net gain. Gains losses&E Consolidated Statements Income. Note 7."
}
{
    "_id": "GOOGL20231246",
    "title": "",
    "text": "carrying values marketable non equity securities summarized December 31, December 31, 2023-Marketable initial cost#5,764,157,418 net gain,372,764,150,705 Carrying value,156,685,766,739"
}
{
    "_id": "GOOGL20231247",
    "title": "",
    "text": "-marketable equity $16. billion gains $4. billion losses December 2022 $18. billion. losses"
}
{
    "_id": "GOOGL20231255",
    "title": "",
    "text": "Gains losses marketable non equity securities summarized Ended December net gain equity securities,196(442 Unrealized marketable,335,242) non-marketable equity(1,088) Total gain equity securities,380(3,455)"
}
{
    "_id": "GOOGL20231256",
    "title": "",
    "text": "non equity securities $10. $3. $1. billion upward adjustments December 2021 2022 2023 $122. $2. billion downward adjustments December."
}
{
    "_id": "GOOGL20231257",
    "title": "",
    "text": "table net gain equity securities sold reflects sale proceeds carrying value purchase."
}
{
    "_id": "GOOGL20231263",
    "title": "",
    "text": "Cumulative net gains (losses equity securities sold summarized table total after initial purchase date. reflect economic net gains. calculated difference between sale price initial purchase price. Securities Sold Ended December 31, Total sale price#1,784#1,981 initial cost Cumulative net gains (losses#847"
}
{
    "_id": "GOOGL20231265",
    "title": "",
    "text": "December 2022 2023 equity securities $1. 5 billion $1. 7 billion. gains losses Statements Income. Note 7."
}
{
    "_id": "GOOGL20231266",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231267",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231269",
    "title": "",
    "text": "derivative instruments. primary foreign exchange risk. contracts risk cash flows earnings investment rate fluctuations. enter instruments offset enhance investment returns."
}
{
    "_id": "GOOGL20231270",
    "title": "",
    "text": "recognize derivative instruments Balance Sheets classify Level 2. present collar contracts net derivatives gross values. accounting intended use hedge designation."
}
{
    "_id": "GOOGL20231272",
    "title": "",
    "text": "foreign currency option contracts cash flow hedges transactions. dollar maturities 24 months."
}
{
    "_id": "GOOGL20231273",
    "title": "",
    "text": "Cash flow hedge amounts deferred AOCI reclassified revenue recognized earnings. exclude forward points time value amortize revenues. difference value amortized recorded AOCI."
}
{
    "_id": "GOOGL20231274",
    "title": "",
    "text": "2023 gain foreign currency hedges $47 million AOCI revenues 12 months."
}
{
    "_id": "GOOGL20231276",
    "title": "",
    "text": "designate foreign currency forward contracts value hedges risks securities. dollar. hedge amounts recognized OI&E gains losses. exclude forward points recognize changes."
}
{
    "_id": "GOOGL20231278",
    "title": "",
    "text": "foreign currency contracts investment hedges risks subsidiaries. amounts recognized AOCI translation adjustment. exclude forward points recognize changes OI&E."
}
{
    "_id": "GOOGL20231280",
    "title": "",
    "text": "enter foreign currency contracts not hedging hedge intercompany transactions assets liabilities subsidiary. Gains losses recorded OI&E currency gains assets liabilities."
}
{
    "_id": "GOOGL20231281",
    "title": "",
    "text": "use derivatives interest rates commodity prices credit returns. enter hedge market price risk equity securities. Gains losses reflected OI&E. Note 7."
}
{
    "_id": "GOOGL20231282",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231283",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231294",
    "title": "",
    "text": "derivative instruments December 31, hedging Foreign exchange contracts Cash flow hedges,972 Fair value hedges Net investment,472 Foreign exchange contracts,979,722 Other contracts,818"
}
{
    "_id": "GOOGL20231304",
    "title": "",
    "text": "values derivative instruments December 31, 2022 December 31, 2023 Derivatives hedging instruments Foreign exchange contracts Derivatives exchange contracts Other contracts derivatives not#676#810#453#445"
}
{
    "_id": "GOOGL20231305",
    "title": "",
    "text": "Derivative Consolidated Balance Sheets."
}
{
    "_id": "GOOGL20231306",
    "title": "",
    "text": "Derivative liabilities Consolidated Balance Sheets."
}
{
    "_id": "GOOGL20231317",
    "title": "",
    "text": "gains derivatives cash net investment summarized Ended December 31, Derivatives cash flow Foreign exchange#806#1,699#90 excluded####(188) Derivatives net investment Foreign exchange####608 Total#1,608#2,119#(113)"
}
{
    "_id": "GOOGL20231318",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231319",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231340",
    "title": "",
    "text": "table presents gains derivatives Consolidated Statements Income Ended December Total amounts Statements#257,637,020#282,836,394 Effect cash flow hedges Foreign exchange reclassified AOCI to income Amount excluded effectiveness fair value hedges Foreign exchange Hedged items Derivatives hedging instruments Amount excluded net investment hedges Foreign exchange excluded Effect non designated hedges Foreign exchange contracts Other contractsgains (losses)(63)#237#262"
}
{
    "_id": "GOOGL20231342",
    "title": "",
    "text": "master netting collateral security reduce credit risk. Cash collateral derivative included assets liability. Cash non-cash collateral pledged."
}
{
    "_id": "GOOGL20231343",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231344",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231355",
    "title": "",
    "text": "gross amounts derivative instruments netting arrangements cash non-cash collateral received pledged December 31, 2022 Amounts Not Offset Balance Legal Rights Offset Amounts Recognized Offset Amounts Non-Cash Collateral Received Pledged Amounts Derivatives assets(84#676 Derivatives liabilities#894#810#319 December 31, 2023 Amounts Not Offset Legal Rights Offset Offset Amounts Non-Cash Collateral Received Pledged Amounts Derivatives assets#453 Derivatives liabilities#445"
}
{
    "_id": "GOOGL20231356",
    "title": "",
    "text": "balances December 2022 2023 derivatives netting agreements."
}
{
    "_id": "GOOGL20231358",
    "title": "",
    "text": "entered data centers land offices 2024 2063."
}
{
    "_id": "GOOGL20231364",
    "title": "",
    "text": "operating lease expense Ended December lease cost,900,362 Variable lease cost,182 Total lease cost,738"
}
{
    "_id": "GOOGL20231369",
    "title": "",
    "text": "information operating leases Ended December 31, Cash payments leases,489,722,173 New assets liabilities,951,383#2,877"
}
{
    "_id": "GOOGL20231370",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231371",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231381",
    "title": "",
    "text": "2023 leases 8. years discount 3. 1%. payments 2024,179 2025,929 2026,450 2027 2028 lease payments,682 interest,431) lease liability balance,251"
}
{
    "_id": "GOOGL20231382",
    "title": "",
    "text": "2023 entered leases payments $657 million. 3 billion Balance Sheets. commence 2024 2026 non-cancelable 25 years."
}
{
    "_id": "GOOGL20231385",
    "title": "",
    "text": "consolidate VIEs variable interest primary beneficiary. financial position statements."
}
{
    "_id": "GOOGL20231386",
    "title": "",
    "text": "consolidated VIEs creditors recourse. December 2022 2023 assets obligations $4. 1 billion $4. 9 billion liabilities $2. 6 billion $2. 5 billion. fund."
}
{
    "_id": "GOOGL20231387",
    "title": "",
    "text": "noncontrolling interests subsidiaries $3. 8 billion $3. 4 billion December 2022 2023 $1. 1 billion redeemable. capital. loss included OI&E. Note 7."
}
{
    "_id": "GOOGL20231389",
    "title": "",
    "text": "investments VIEs not primary beneficiary. early stage renewable energy entities power."
}
{
    "_id": "GOOGL20231390",
    "title": "",
    "text": "determined governance structures activities economic performance. not primary beneficiary results operations financial included financial statements. account non-marketable equity securities."
}
{
    "_id": "GOOGL20231391",
    "title": "",
    "text": "exposure unconsolidated current future commitments. $2. 8 billion $2. 7 billion December 31, 2022 $5. $4. billion December 31, 2023. difference future."
}
{
    "_id": "GOOGL20231394",
    "title": "",
    "text": "debt financing $10. billion commercial paper. proceeds. no paper 2022 2023."
}
{
    "_id": "GOOGL20231395",
    "title": "",
    "text": "short-term debt long-term."
}
{
    "_id": "GOOGL20231396",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231397",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231409",
    "title": "",
    "text": "debt millions Interest December Debt 2014-2020 Notes - 2060. 45%. 38%. 57%. 38% Future finance lease payments debt Unamortized discount issuance costs long future finance lease payments long-term debt,253"
}
{
    "_id": "GOOGL20231410",
    "title": "",
    "text": "finance lease interest."
}
{
    "_id": "GOOGL20231411",
    "title": "",
    "text": "long-term debt expenses liabilities. Note 7."
}
{
    "_id": "GOOGL20231412",
    "title": "",
    "text": "notes fixed-rate unsecured obligations rank equally. redeem prices. interest rates proceeds semi-annually."
}
{
    "_id": "GOOGL20231413",
    "title": "",
    "text": "value notes $9. billion $10. 3 billion December 2022 2023. determined prices Level 2 fair value."
}
{
    "_id": "GOOGL20231421",
    "title": "",
    "text": "December 31, 2023 payments long-term debt five years 2024 2025,163 2026,165 2027,143 2028"
}
{
    "_id": "GOOGL20231423",
    "title": "",
    "text": "December 31, 2023 $10. billion revolving credit $4. billion 2024 $6. billion 2028. interest rates market sustainability goals. 2022 2023."
}
{
    "_id": "GOOGL20231426",
    "title": "",
    "text": "losses $754 $771 million 2022 2023."
}
{
    "_id": "GOOGL20231427",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231428",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231440",
    "title": "",
    "text": "Property equipment December 31, Land buildings,083 Information technology,594 Construction,229 Leasehold improvements,425 Furniture fixtures gross accumulated depreciation(59,668,345"
}
{
    "_id": "GOOGL20231441",
    "title": "",
    "text": "infrastructure servers data center land buildings."
}
{
    "_id": "GOOGL20231452",
    "title": "",
    "text": "Accrued expenses liabilities December 31, European Commission,106 purchases property equipment customer liabilities,140 lease liabilities,791 Income taxes,748 expenses liabilities,285 liabilities,866,168"
}
{
    "_id": "GOOGL20231453",
    "title": "",
    "text": "EC decision appeal fines expenses liabilities Consolidated Balance Sheets guarantees. foreign exchange interest. Note 10."
}
{
    "_id": "GOOGL20231454",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231455",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231474",
    "title": "",
    "text": "AOCI Currency Translation Adjustments Investments Cash Flow Hedges Balance December 31, 2020 income (loss before reclassifications,442,312)(2,086) excluded reclassified (loss,442,376),256) Balance December 31, 2021(2,306)(1,623) reclassifications(1,836)(4,720),093) excluded Amounts reclassified(1,706) income (loss,713)(5,980) Balance December 31, 2022,142),477)(7,603) before reclassifications,344,163 excluded reclassified,168 income (loss,201 Balance December 31, 2023#(965)(4,402)"
}
{
    "_id": "GOOGL20231488",
    "title": "",
    "text": "effects net income reclassified AOCI Reclassified Consolidated Statements Ended December 31, AOCI Components gains-sale investments income taxes income tax(1,007),168 gains cash flow hedges Foreign exchange contracts Interest rate contracts income taxes income tax reclassified net income tax(954)"
}
{
    "_id": "GOOGL20231489",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231490",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231503",
    "title": "",
    "text": "Components&E Ended December 31, Interest income,174,865 Interest Foreign currency exchange gain(1,238) debt securities(1,215) equity securities,380(3,455) Performance fees Income equity investments income,020(3,514)"
}
{
    "_id": "GOOGL20231504",
    "title": "",
    "text": "Interest $163 $128 $181 million 2021 2022 2023."
}
{
    "_id": "GOOGL20231506",
    "title": "",
    "text": "company-wide effort re-engineer cost base. reduction workforce. employee severance charges December 31, 2023 $2. billion. employees headcount December."
}
{
    "_id": "GOOGL20231507",
    "title": "",
    "text": "global office space. exit charges December 2023 $1. 8 billion table. incurred $269 million accelerated rent depreciation not included."
}
{
    "_id": "GOOGL20231515",
    "title": "",
    "text": "Severance office space exit charges Ended 2023 Space Cost revenues#479 Research development Sales marketing administrative charges#2,088#1,845#3,933"
}
{
    "_id": "GOOGL20231516",
    "title": "",
    "text": "includes settled cash termination benefits SBC."
}
{
    "_id": "GOOGL20231517",
    "title": "",
    "text": "segment majority charges Alphabet activities."
}
{
    "_id": "GOOGL20231523",
    "title": "",
    "text": "December 31, 2023 liabilities severance charges accruals Balance December 31, 2022 Cash payments Balance December"
}
{
    "_id": "GOOGL20231524",
    "title": "",
    "text": "non $432."
}
{
    "_id": "GOOGL20231525",
    "title": "",
    "text": "Consolidated Balance Sheets."
}
{
    "_id": "GOOGL20231526",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231527",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231537",
    "title": "",
    "text": "goodwill 2022 2023 Services Cloud Bets Balance December 31, 2021,956 Acquisitions,171 Foreign currency adjustments Balance December 31, 2022,847,205,960 Acquisitions adjustments Balance December 31, 2023,118,199#881,198"
}
{
    "_id": "GOOGL20231540",
    "title": "",
    "text": "licensing agreements $10. 6 billion 2023 majority seven years 2030."
}
{
    "_id": "GOOGL20231542",
    "title": "",
    "text": "indemnify advertisers Google Network distribution customers Cloud lessors service providers. agreed defend hold parties losses breach representations covenants intellectual property infringement claims. agreements limit time indemnification claim amount. indemnification agreements officers directors bylaws agents."
}
{
    "_id": "GOOGL20231543",
    "title": "",
    "text": "not possible estimate maximum potential amount indemnification agreements due unique facts circumstances each. payments operations cash flows financial position. valid indemnification claims future payments could operations cash flows."
}
{
    "_id": "GOOGL20231544",
    "title": "",
    "text": "December 31, 2023 indemnification claims."
}
{
    "_id": "GOOGL20231546",
    "title": "",
    "text": "record liability probable loss incurred amount estimated. determine loss possible estimated disclose loss. evaluate developments legal matters affect liability accrued losses make adjustments appropriate."
}
{
    "_id": "GOOGL20231547",
    "title": "",
    "text": "matters seek speculative monetary amounts changes business practices structural remedies. judgment required likelihood loss estimated amount estimate possible loss. outcomes legal matters unpredictable uncertainties adverse effect."
}
{
    "_id": "GOOGL20231548",
    "title": "",
    "text": "expense fees incurred."
}
{
    "_id": "GOOGL20231549",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231550",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231552",
    "title": "",
    "text": "30 EC Directorate antitrust complaints."
}
{
    "_id": "GOOGL20231553",
    "title": "",
    "text": "June 27, 2017 EC Google competition law. €2. 4 billion$2. 7 billion fine. September 11 appealed implemented changes. $2. 7 billion fine second quarter. November 10, 2021 Court appeal filed European Court Justice January 20, 2022."
}
{
    "_id": "GOOGL20231554",
    "title": "",
    "text": "July 18 2018 EC Android law. €4. 3 billion$5. 1 billion fine termination. October appealed implemented Android. September 14 2022 reduced fine. €4. 1 billion. appeal Court Justice. $5. 1 billion reduced $217 million 2022."
}
{
    "_id": "GOOGL20231555",
    "title": "",
    "text": "March 20 2019 EC AdSense competition law. fine €1. 5 billion$1. 7 billion actions implemented. June 4 2019 appealed. recognized $1. 7 billion first quarter 2019."
}
{
    "_id": "GOOGL20231559",
    "title": "",
    "text": "subject inquiries U. S. Europe. August 2019 demands. Justice antitrust investigations. Attorneys filed lawsuit. Columbia October 20, 2020 Google violated. antitrust laws. trial ended November 16, 2023 expect decision 2024. June 2022 Australian Competition Commission United Kingdom Competition Markets Authority Search. December 16, 2020 Attorneys antitrust complaint. Eastern Texas Google violated. antitrust trade laws advertising trial March 2025. January 24, 2023 DOJ antitrust complaint. Eastern Virginia advertising. antitrust laws April 17, 2023 Attorneys General joined. EC CMA ACCC investigation Google advertising June 22, 2021 May 25, 2022 June 29,. June 14, 2023 EC Statement Objections antitrust laws. responded December 1, 2023.July 7, 2021 state Attorneys antitrust complaint. Northern District California Android Play. September 2023 settlement 50 Attorneys three territories. Court vacated trial final approval 2024. May 2022 EC CMA Google. Korean regulators billing review May 2022 app store billing regulations."
}
{
    "_id": "GOOGL20231560",
    "title": "",
    "text": "believe arguments claims defend. cooperate federal state regulators U. EC."
}
{
    "_id": "GOOGL20231561",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231562",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231564",
    "title": "",
    "text": "subject privacy laws party investigations lawsuits jurisdictions. investigations U. S. EU location information advertising practices fines judgments product changes."
}
{
    "_id": "GOOGL20231566",
    "title": "",
    "text": "patent copyright trade secret trademark infringement lawsuits filed against us claiming products services technologies infringe property rights. Adverse results include damages royalty licensing agreements orders preventing. change business practices develop non products loss revenues business. International Trade Commission important disputes loss prohibition importing infringing products. important market prohibition importation products. workarounds features."
}
{
    "_id": "GOOGL20231567",
    "title": "",
    "text": "agreements with customers require indemnify against intellectual property infringement claims increase costs damages adverse ruling. customers discontinue products services technologies injunctions loss revenues business."
}
{
    "_id": "GOOGL20231569",
    "title": "",
    "text": "subject claims lawsuits investigations consent orders competition intellectual property data security tax compliance labor employment commercial disputes content personal injury consumer protection. 2023 California jury Epic Games. Google antitrust. remedies 2024. plan appeal. data incidents."
}
{
    "_id": "GOOGL20231570",
    "title": "",
    "text": "claims consent orders lawsuits investigations proceedings fines penalties injunctive relief changes business litigation consequences business reputation financial results."
}
{
    "_id": "GOOGL20231571",
    "title": "",
    "text": "ongoing legal matters Russia. civil judgments compounding penalties imposed termination accounts. material adverse effect."
}
{
    "_id": "GOOGL20231573",
    "title": "",
    "text": "under audit by domestic foreign tax authorities non tax matters. disputes on tax treatment rate products services employee benefits. accrue taxes from when loss probable estimable. If loss possible disclose loss. complexity uncertainty judicial process final outcome may different expectations."
}
{
    "_id": "GOOGL20231574",
    "title": "",
    "text": "Note 14 tax."
}
{
    "_id": "GOOGL20231575",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231576",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231578",
    "title": "",
    "text": "A B C Capital"
}
{
    "_id": "GOOGL20231579",
    "title": "",
    "text": "Board Directors authorized three classes stock A B C capital stock. rights identical except voting. A one vote. B 10 votes. C no voting rights except law. Shares Class B stock sale transfer Class A."
}
{
    "_id": "GOOGL20231581",
    "title": "",
    "text": "2021 2022 2023 $50. $59. $62. Alphabet C shares."
}
{
    "_id": "GOOGL20231582",
    "title": "",
    "text": "2023 Alphabet repurchase $70. billion A C. December 2023 $36. billion repurchases."
}
{
    "_id": "GOOGL20231588",
    "title": "",
    "text": "table presents A C shares repurchased retired Ended 2022 2023 A repurchases#6,719,316 C repurchases,577,868,296,184"
}
{
    "_id": "GOOGL20231589",
    "title": "",
    "text": "Shares repurchased unsettled."
}
{
    "_id": "GOOGL20231590",
    "title": "",
    "text": "A C shares repurchased company stockholders economic cost market conditions prices volumes. Repurchases business market conditions investment opportunities market transactions Rule 10b5-1 plans. repurchase expiration date."
}
{
    "_id": "GOOGL20231592",
    "title": "",
    "text": "compute net income Class A B C stock two-class method. income weighted-average shares. Diluted income effect dilutive securities. securities RSUs contingently issuable shares. dilutive effect reflected diluted earnings treasury stock method. diluted income A assumes conversion B stock B."
}
{
    "_id": "GOOGL20231593",
    "title": "",
    "text": "rights liquidation dividend rights Class A B C stock identical except voting. safeguards certificate incorporation Delaware law preclude Board Directors declaring unequal dividends stock. Delaware law amendments rights stock must by affected. before amendment stockholder vote unanimous consent Board Directors. undistributed earnings allocated based on contractual participation rights Class A C stock. liquidation dividend rights identical earnings allocated proportionate."
}
{
    "_id": "GOOGL20231594",
    "title": "",
    "text": "2021 2022 2023 net income share same Class A B C stock holders equal dividends Certificate Incorporation Alphabet."
}
{
    "_id": "GOOGL20231595",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231596",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231643",
    "title": "",
    "text": "table basic diluted net income per share Class A B C stock millions Ended December A B C net income per share Allocation undistributed earnings,200,174,659 shares income. Diluted net income undistributed earnings,200,659 Reallocation conversion Class B A shares undistributed,097,240 shares Weighted-average effect dilutive Conversion Class B A shares Restricted stock units contingently issuable shares shares computation Diluted net income per share.Ended December 31, A B C net income share Allocation undistributed earnings#27,518,072,382 shares share computation,182 income share. income undistributed earnings,072,382 conversion Class B A shares,360,042,612 shares computation,182 Weighted-average effect dilutive Conversion Class B A shares Restricted stock units contingently issuable shares shares share computation,278 Diluted net income per share."
}
{
    "_id": "GOOGL20231644",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231668",
    "title": "",
    "text": "Alphabet Inc. Ended December 31, A B C net income share undistributed earnings,601,070 shares share net income share. income undistributed earnings,601 earnings conversion Class B A shares,438,087,357 shares computation Weighted-average effect dilutive Conversion Class B Class A shares Restricted stock units contingently issuable shares shares share computation Diluted net income per share."
}
{
    "_id": "GOOGL20231671",
    "title": "",
    "text": "stock plans Alphabet 2021 Stock Plan Other Bets. RSUs awards granted. RSU award shares Class C stock. vest four years contingent employment."
}
{
    "_id": "GOOGL20231672",
    "title": "",
    "text": "723 million C Alphabet 2021 Stock Plan."
}
{
    "_id": "GOOGL20231674",
    "title": "",
    "text": "2021 2022 2023 SBC expense $15. $19. $22. Alphabet $15. $18. $21. billion."
}
{
    "_id": "GOOGL20231675",
    "title": "",
    "text": "SBC $432 million workforce reduction. Note 8."
}
{
    "_id": "GOOGL20231676",
    "title": "",
    "text": "2021 2022 2023 recognized tax benefits SBC expense Consolidated Statements $3. 5 billion."
}
{
    "_id": "GOOGL20231677",
    "title": "",
    "text": "2021 2022 2023 tax benefit $5. billion $4. 7 billion. 6 billion. stock R&D tax."
}
{
    "_id": "GOOGL20231679",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231680",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231688",
    "title": "",
    "text": "table unvested Alphabet RSUs 2023 Stock Units December 2022. 98 Granted. 59 Vested. 36 Forfeited/canceled. 56 Unvested December 2023. 93"
}
{
    "_id": "GOOGL20231689",
    "title": "",
    "text": "grant RSUs 2022 $97. $127. 22,. 2023 $28. 8 billion $23. 9 billion $26. 6 billion."
}
{
    "_id": "GOOGL20231690",
    "title": "",
    "text": "December 2023 $33. billion unrecognized compensation RSUs. 5 years."
}
{
    "_id": "GOOGL20231697",
    "title": "",
    "text": "operations taxes Ended December Domestic operations,016,307,600 Foreign operations,718,117 Total,734,328#85,717"
}
{
    "_id": "GOOGL20231709",
    "title": "",
    "text": "income taxes Ended December 31, Federal state,126,120 Foreign,434 Total,554,651 Deferred Federal(8,052) Foreign Total(8,198) income taxes,701,356,922"
}
{
    "_id": "GOOGL20231710",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231711",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231724",
    "title": "",
    "text": "reconciliation federal statutory income tax effective rate Ended December. federal statutory tax rate. Foreign income taxed different rates. Foreign-derived intangible income deduction. Stock-based compensation expense. Federal research credit. Deferred tax valuation allowance. State local income taxes. tax law change. Effective tax rate."
}
{
    "_id": "GOOGL20231725",
    "title": "",
    "text": "2022 increase. tax deduction R&D expenses 2017 Tax Cuts Jobs Act."
}
{
    "_id": "GOOGL20231726",
    "title": "",
    "text": "2023 IRS issued rule change apply regulations 2022. tax credits capitalization amortization R&D expenses. cumulative-time adjustment recorded 2023."
}
{
    "_id": "GOOGL20231748",
    "title": "",
    "text": "Deferred income taxes differences liabilities. deferred tax assets liabilities December Deferred tax assets Accrued employee benefits Accruals reserves deductible,481 Tax credits operating losses,965 leases Capitalized research,757 deferred tax assets,144 Valuation allowance,999,145 Deferred tax liabilities Property equipment investment gains Operating leases Total deferred tax liabilities,551,461),684"
}
{
    "_id": "GOOGL20231749",
    "title": "",
    "text": "Tax Cuts Jobs Act 2022 research capitalized amortized higher taxes deferred tax."
}
{
    "_id": "GOOGL20231750",
    "title": "",
    "text": "December 2023 federal $7. billion $18. 6 billion. 8 billion."
}
{
    "_id": "GOOGL20231751",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231752",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231753",
    "title": "",
    "text": "loss carryforwards expire 2024 foreign 2025 state net 2029. majority net loss carryforwards recorded valuation allowance against. subject annual limitations tax laws jurisdictions."
}
{
    "_id": "GOOGL20231754",
    "title": "",
    "text": "December 2023 Federal California credit carryforwards $600 million $6. 3 billion. Federal 2037 California carried indefinitely. majority federal state."
}
{
    "_id": "GOOGL20231755",
    "title": "",
    "text": "December 31, 2023 investment tax credit carryforwards $1. 0 billion expire 2029. flow-through tax."
}
{
    "_id": "GOOGL20231756",
    "title": "",
    "text": "December 31, 2023 maintained valuation allowance California tax assets federal state tax credits deferred assets companies foreign losses. reassess valuation allowance quarterly release tax benefit recorded."
}
{
    "_id": "GOOGL20231766",
    "title": "",
    "text": "table summarizes tax benefits Ended December,837,158,055 Increases tax positions Decreases Decreases settlement tax authorities(21) Increases current year tax positions,384,221 Ending benefits,158,055,438"
}
{
    "_id": "GOOGL20231767",
    "title": "",
    "text": "subject taxes. foreign jurisdictions. judgment tax positions provision. unrecognized tax benefits $5. 2 $7. $9. 4 billion December 2021 2022 2023. tax rate."
}
{
    "_id": "GOOGL20231768",
    "title": "",
    "text": "2023 accrued $346 $622 million interest penalties."
}
{
    "_id": "GOOGL20231769",
    "title": "",
    "text": "file income tax returns U. foreign. major. Ireland. continuous examination IRS. examining 2016 2021 tax returns. received assessments foreign jurisdictions permanent establishment. defend claims."
}
{
    "_id": "GOOGL20231770",
    "title": "",
    "text": "tax years 2016 2022 Irish. audits jurisdictions not financial statements."
}
{
    "_id": "GOOGL20231771",
    "title": "",
    "text": "assess adverse outcomes provision income taxes. monitor discussions tax authorities effect expiration statute limitations jurisdictions."
}
{
    "_id": "GOOGL20231772",
    "title": "",
    "text": "believe adequate provision adjustments tax examinations. outcome tax audits. issues management adjust provision income taxes. timing resolution possible unrecognized tax benefits. federal state non. tax positions decrease $700 million next 12 months. Positions include. non. matters."
}
{
    "_id": "GOOGL20231773",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231774",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231779",
    "title": "",
    "text": "report segment results Google Services Cloud Other Bets Services ads Android Chrome devices Maps Play Search YouTube. revenues advertising fees YouTube NFL Sunday Ticket sale apps devices. Cloud infrastructure collaboration tools enterprise customers. revenues consumption fees subscriptions. Bets segments. Revenues healthcare internet services."
}
{
    "_id": "GOOGL20231780",
    "title": "",
    "text": "Revenues costs engineering activities operating expenses attributable segments. integrated Alphabet infrastructure office facilities managed. depreciation impairment allocated segments service based on usage headcount revenue."
}
{
    "_id": "GOOGL20231781",
    "title": "",
    "text": "DeepMind collaboration Google Services Cloud Other Bets first quarter 2023 Alphabet-level activities. updated cost allocation methodologies transparency. Prior periods current."
}
{
    "_id": "GOOGL20231782",
    "title": "",
    "text": "announced April 20 2023 Google Research DeepMind artificial. Google DeepMind Alphabet activities second quarter 2023. Google Services."
}
{
    "_id": "GOOGL20231783",
    "title": "",
    "text": "costs not allocated Alphabet-level activities. include AI R&D finance human resource legal fines settlements. reductions workforce office space 2023 not allocated. hedging gains not allocated."
}
{
    "_id": "GOOGL20231784",
    "title": "",
    "text": "segments evaluated."
}
{
    "_id": "GOOGL20231799",
    "title": "",
    "text": "table segments December Revenues Google Services Google Cloud,280 Other Bets Hedging gains revenues,394 Operating income Google Services,132,858 Cloud,282) Other Bets,051) Alphabet activities,186) income operations#78,714,842,293"
}
{
    "_id": "GOOGL20231800",
    "title": "",
    "text": "Note 2 revenues."
}
{
    "_id": "GOOGL20231801",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231802",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231809",
    "title": "",
    "text": "table presents long-lived assets geographic area property equipment lease December United States,565 International,383,049,436"
}
{
    "_id": "GOOGL20231810",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231811",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231813",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231816",
    "title": "",
    "text": "management financial evaluated disclosure controls procedures Rule 13a-15 Exchange Act Annual Report Form 10-K."
}
{
    "_id": "GOOGL20231817",
    "title": "",
    "text": "evaluation chief executive financial concluded December 31, 2023 disclosure controls procedures designed reasonable assurance information Exchange Act recorded processed summarized reported SEC’s rules information accumulated communicated management timely decisions disclosure."
}
{
    "_id": "GOOGL20231819",
    "title": "",
    "text": "no changes in control over financial reporting quarter ended December 31, 2023."
}
{
    "_id": "GOOGL20231821",
    "title": "",
    "text": "management internal control financial reporting Rule 13a-15(f) Exchange Act. Internal Control—Integrated Framework Committee Sponsoring Organizations Treadway Commission. concluded effective December 31, 2023. reviewed results Audit Compliance Committee. audited by Ernst & Young LLP Item 8 Annual Report Form 10-K."
}
{
    "_id": "GOOGL20231823",
    "title": "",
    "text": "designing evaluating disclosure controls procedures management recognizes reasonable assurance achieving desired objectives. design reflect resource constraints judgment evaluating benefits relative costs."
}
{
    "_id": "GOOGL20231824",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231825",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231831",
    "title": "",
    "text": "fiscal quarter December 2023 Section 16 directors 10b5-1 trading Exchange Hennessy. trading plan November 1 2023 first trade February 12 2024). March 12 2025 6,664 Class C Capital Stock 11,336 Class A Common Stock. Mather terminated trading plan October 30 2023. 12,580 shares C Capital Stock June 2, 2024. Porat President trading plan November 30 2023 first trade March 8 2024). March 8 2025 82,900 Class C Capital Stock 2021 Performance Stock Units."
}
{
    "_id": "GOOGL20231832",
    "title": "",
    "text": "no-Rule 10b5-1 408 Exchange Act adopted modified terminated quarter 2023 directors Section 16 officers. 10b5-1 Policy Against Insider Trading transactions disclosed Section 16 filings SEC."
}
{
    "_id": "GOOGL20231834",
    "title": "",
    "text": "Google Alphabet filed Russian Security encryption import items. Section 13 Exchange Act Part II Item 5 Quarterly Report Form 10-Q September 30 2023."
}
{
    "_id": "GOOGL20231836",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231837",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231838",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231840",
    "title": "",
    "text": "Officers Corporate Proxy Statement 2024 Annual Meeting filed SEC 120 days fiscal year December 2023 incorporated. delinquent filers 405 Regulation S-K Section 16(a) 2024 Proxy Statement incorporated."
}
{
    "_id": "GOOGL20231842",
    "title": "",
    "text": "information required item Officers Corporate Insider 2024 Proxy Statement incorporated except information disclosed Item 402(v) Regulation S-K pay versus performance."
}
{
    "_id": "GOOGL20231843",
    "title": "",
    "text": "OWNERS MANAGEMENT STOCKHOLDER"
}
{
    "_id": "GOOGL20231844",
    "title": "",
    "text": "information Stock Ownership Owners Compensation Plan 2024 Proxy Statement incorporated reference."
}
{
    "_id": "GOOGL20231846",
    "title": "",
    "text": "information required item captions Relationships Executive Officers Corporate 2024 Proxy Statement incorporated reference."
}
{
    "_id": "GOOGL20231848",
    "title": "",
    "text": "information Public Accounting 2024 Proxy Statement incorporated reference."
}
{
    "_id": "GOOGL20231849",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231850",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231860",
    "title": "",
    "text": "filed documents Annual Report Form 10-K. Financial Statements Accounting Firm Balance Sheets Income Stockholders’ Equity Cash Flows"
}
{
    "_id": "GOOGL20231868",
    "title": "",
    "text": "table details credit losses sales credits years December 2021 2022 2023 Beginning End Year December 31, 2021,344(2,047),389 2022,389,125(2,301) December 2023,115,737"
}
{
    "_id": "GOOGL20231870",
    "title": "",
    "text": "schedules omitted not required applicable."
}
{
    "_id": "GOOGL20231882",
    "title": "",
    "text": "Exhibit. Plan Merger October 2 2015, Google. Registrant Maple Technologies. Report Form 8-K.-37580) 2 2015. Restated Certificate Incorporation. 3 2022. Bylaws Registrant October 19, 2022. 25 2022. Class A Common Stock certificate. 2 2015. Class C Capital Stock certificate. Inc. Deferred Compensation Plan. Restriction Agreement Registrant Larry Page affiliates. Restriction Agreement Registrant Sergey Brin affiliates. Agreement December 31, 2021 Registrant Sergey Brin affiliates Report Form 10-K.-37580) 2 2022"
}
{
    "_id": "GOOGL20231883",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231909",
    "title": "",
    "text": "Alphabet. Exhibit. Restriction Agreement October 2 2015, Registrant Eric. Schmidt affiliates Report Form 8-K. 001-37580) 2 2015. C Undertaking Registrant. February 12 2016, Registrant Bank New York Mellon Trust Company. Trustee Statement Form S-3. Registration Rights Agreement December 14 2015. Supplemental Indenture April 27, 2016, Registrant Bank New York Mellon Trust Company. Report Form 8-K.-37580). 375% Notes due 2024. 998% Note 2026 8-K.-37580) 9 2016. Global Note. 450% 2025. 5 2020. 800% 2027.100% notes 2030 Report Form 8-K. 001-37580) 5 2020. Global Note. 900% notes due 2040. 5 2020. 050% notes due 2050. 2020. 250% notes due 2060. 5 2020. Registrant’s Securities Report Form 10-K.-37580) 3 2023. Indemnification Agreement Registrant affiliates directors officers.-37580) 2 2015. Offer Letter. March 20 2015, Ruth Porat Google Inc. Registrant October 2 2015. 2015. Plan Agreement October 2 Google. Registrant. Arrangements Agreement Google. Inc. Deferred Compensation Plan.2 2015. 2012 Stock Plan Report Form 8-K. 5 2020. Stock Plan Stock Unit Report Form 10-K. 4 2020. Stock Plan Stock Report Form 10-Q. 3 2016"
}
{
    "_id": "GOOGL20231910",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231932",
    "title": "",
    "text": "Alphabet. Exhibit. Amended 2021 Stock Plan Report Form 8-K. 001-37580) 3 2022. 2021 Stock Plan Restricted Stock Unit Agreement Report Form 10-Q. 001-37580) 28, 2021. Stock Plan. 26, 2023. Stock 2022 Stock Unit Agreement Report 10-K. 001-37580) 3 2023. Stock Agreement. 4 2020. Amended 2021 Stock Plan 2023 Non-CEO Stock Unit Agreement Report.-37580) 26, 2023. Inc. Company Bonus Plan Report Form 10-K. 001-37350 2 2023. Independent Public Accounting. Attorney Annual Report Form 10-K.Chief Executive Exchange Act Rules 13a-14 15d-14 Section 302 Sarbanes-Oxley Act. Chief Financial Officer Exchange Act Rules 302 Act. Chief Executive Financial Officer 18 U. S. C. Section 1350 Section 906 Sarbanes-Oxley Act. XBRL Instance Document Interactive Data File XBRL tags Inline XBRL. XBRL Taxonomy Extension Schema. Extension. Extension. Extension"
}
{
    "_id": "GOOGL20231933",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231938",
    "title": "",
    "text": "Alphabet. Exhibit. XBRL Taxonomy Extension Interactive Data File XBRL Exhibit 101"
}
{
    "_id": "GOOGL20231939",
    "title": "",
    "text": "management plan contract."
}
{
    "_id": "GOOGL20231940",
    "title": "",
    "text": "Filed."
}
{
    "_id": "GOOGL20231941",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231943",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231944",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231945",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231947",
    "title": "",
    "text": "Section 13 Securities Exchange Act 1934 Registrant Annual Report Form 10-K undersigned."
}
{
    "_id": "GOOGL20231952",
    "title": "",
    "text": "INC. SUNDAR PICHAI Officer Registrant"
}
{
    "_id": "GOOGL20231954",
    "title": "",
    "text": "KNOW PERSONS PRESENTS each signature below Sundar Pichai Ruth M. Porat attorney-in-fact power substitution sign amendments Annual Report Form 10-K file exhibits Securities Exchange Commission ratifying confirming attorneys-in do."
}
{
    "_id": "GOOGL20231955",
    "title": "",
    "text": "Securities Exchange Act 1934 Annual Report Form 10-K signed Registrant dates."
}
{
    "_id": "GOOGL20231956",
    "title": "",
    "text": "."
}
{
    "_id": "GOOGL20231982",
    "title": "",
    "text": "Alphabet. SUNDAR PICHAI Executive Officer 30 2024 RUTH M. PORAT Chief Investment Officer Financial Officer. AMIE THUENER O'TOOLE President Corporate Controller Principal Accounting Officer FRANCES H. ARNOLD. SERGEY BRIN-Founder Director R. MARTIN CHAVEZ. JOHN DOERR. ROGER W. FERGUSON. JOHN L. HENNESSY. PAGE Director. RAM SHRIRAM. ROBIN L. WASHINGTON."
}
{
    "_id": "HD20230004",
    "title": "",
    "text": "Home Depot. largest home improvement retailer sales 2023. building materials home improvement lawn garden décor facilities maintenance repair operations. installation tool equipment rental. 2023 operated 2,335 stores U. S. Canada Mexico. stores average 104,000 feet enclosed space 24,000 feet outside garden. maintain distribution fulfillment centers e-commerce websites. Mexico. consolidated subsidiaries."
}
{
    "_id": "HD20230005",
    "title": "",
    "text": "Home Depot. Delaware 1978. 2455 Paces Ferry Atlanta. (770) 433-8211."
}
{
    "_id": "HD20230011",
    "title": "",
    "text": "retail landscape changed complex macroeconomic environment customer expectations evolving. fiscal 2023 experienced year moderation after unprecedented growth navigated consumer consumption services rising interest rate. cost due to investments interconnected shopping experience digital physical worlds. leverage investments invest goals provide best customer experience home improvement develop differentiated capabilities extend position low-cost provider efficient investor home improvement."
}
{
    "_id": "HD20230012",
    "title": "",
    "text": "believe goals grow deliver value shareholders. steadfast commitment corporate responsibility needs customers associates partners communities creates value."
}
{
    "_id": "HD20230017",
    "title": "",
    "text": "deliver objective create shareholder value disciplined capital allocation. principles reinvest business growth faster market. pay quarterly dividend. return excess cash shareholders repurchases."
}
{
    "_id": "HD20230018",
    "title": "",
    "text": "2023 invested $3. 2 billion capital goals interconnected customer experience. productivity product transportation costs fixed cost $500 million realized 2024. reinvesting sales costs customer experience competitiveness shareholder value."
}
{
    "_id": "HD20230021",
    "title": "",
    "text": "2023 returned $16 billion cash dividends repurchases. capital allocation Part II. Financial."
}
{
    "_id": "HD20230024",
    "title": "",
    "text": "serve groups DIY professional developed approaches needs DIY Customers"
}
{
    "_id": "HD20230025",
    "title": "",
    "text": "customers homeowners purchase products complete projects. associates assist stores online resources product project knowledge. offer clinics workshops knowledge emotional connection. preferences behaviors changing investing serve."
}
{
    "_id": "HD20230027",
    "title": "",
    "text": "customers renovators contractors handymen contractors plumbers painters. residential multifamily hospitality commercial facilities education healthcare government office."
}
{
    "_id": "HD20230028",
    "title": "",
    "text": "initiatives growth Pros complex. customized online experience dedicated sales force Pro products brands delivery network Pro Xtra loyalty program enhanced credit. investing expanded supply chain trade credit showroom space enhanced order management."
}
{
    "_id": "HD20230029",
    "title": "",
    "text": "MRO HD Supply distributor MRO products services multifamily hospitality healthcare government. distribution center model sales e-commerce catalogs."
}
{
    "_id": "HD20230030",
    "title": "",
    "text": "October 2023 leadership aligning sales global store organization serve Pros leveraging ecosystem capabilities. recognize value Pros strive make jobs grow businesses expanded capabilities Path Pro network skilled labor shortage. investments deepening relationships increased engagement sales."
}
{
    "_id": "HD20230032",
    "title": "",
    "text": "DIY DIFM. homeowners Pros. offer services flooring water heaters bath garage doors cabinets makeovers countertops sheds furnaces air windows. purchase stores online in-home consultations. focus Pros higher product sales."
}
{
    "_id": "HD20230034",
    "title": "",
    "text": "Home Depot store stocks 30,000 to 40,000 items national proprietary products. online offerings extended aisle offer broader assortment websites mobile applications homedepot. hdsupply. MRO custom window coverings. textiles décor products."
}
{
    "_id": "HD20230037",
    "title": "",
    "text": "merchandising competitive advantage product innovation value product authority home improvement. 2023 merchandising resets refine assortments productivity products improve visual merchandising. values stores online. expectations innovation localization personalization tools leverage data collaboration supplier partners. enhanced merchandising interconnected shopping experience provide best value optimize product assortments. merchandising team leverages technology works inventory supply chain supplier partners manage assortments drive innovation cost adjust inventory."
}
{
    "_id": "HD20230038",
    "title": "",
    "text": "merchandising offer services installation DIY DIFM. tool equipment rentals U. S. Canada value convenience Pros consumers. improve experience grow more locations rental tools better technology."
}
{
    "_id": "HD20230040",
    "title": "",
    "text": "global sourcing program products from manufacturers U. S. 2023. offices Mexico Canada China India Vietnam Europe. social environmental responsibility global responsible sourcing program. supplier contracts products comply international federal state local laws. require responsible standards supply chain transparency laws child forced labor health safety environmental compensation hours work. agreement includes factory audit visits non-Canada non-U. S. suppliers. 2023 Responsible Sourcing Report. information. quality assurance engineering resources safety quality performance standards private branded products."
}
{
    "_id": "HD20230042",
    "title": "",
    "text": "business recognized North America. Home Depot® trademark marketing products e-commerce stores business. registered trademarks service marks copyrights internet domain names domestically internationally brands Hampton Home Decorators Glacier. duration trademark registrations varies. valid renewed indefinitely registrations maintained."
}
{
    "_id": "HD20230043",
    "title": "",
    "text": "maintain patent portfolios business operations retail services products protect innovations. Patents term twenty years from filed. portfolio terms vary. no essential. assess merchandising departments product lines expand products Home proprietary brands."
}
{
    "_id": "HD20230045",
    "title": "",
    "text": "industry competitive fragmented evolving. competition retailers suppliers providers distributors manufacturers. competitors range brick-mortar multichannel online home improvement retailers"
}
{
    "_id": "HD20230048",
    "title": "",
    "text": "hardware stores electrical plumbing lumber yards. design showrooms discount paint retailers warehouse clubs MRO distributors home décor home improvement equipment rental. internet price transparency."
}
{
    "_id": "HD20230049",
    "title": "",
    "text": "in-store online compete customer experience price quality product availability delivery. store location presentation shopping experience. Pros sales support competitive credit pricing project planning tools product quantities. faster times low-price free shipping convenient pickup. delivery pickup costs supply chain investments."
}
{
    "_id": "HD20230050",
    "title": "",
    "text": "business seasonal influences. highest second fiscal quarter spring season."
}
{
    "_id": "HD20230052",
    "title": "",
    "text": "enhance frictionless shopping experience stores online job site homes investments website mobile apps experience."
}
{
    "_id": "HD20230054",
    "title": "",
    "text": "digital properties critical for interconnected customers research check inventory online before store online. customers access ratings reviews compare prices view assortment purchase. investments in interconnected experience physical retail presence digital capabilities."
}
{
    "_id": "HD20230055",
    "title": "",
    "text": "majority traffic mobile devices. expect simplicity relevancy. investments presentation navigation. enhanced more information landing page related products fulfillment options. search site functionality category presentation product content speed checkout fulfillment yielded traffic conversion sales growth."
}
{
    "_id": "HD20230056",
    "title": "",
    "text": "interconnected shopping experience specific encompasses journey inspiration purchase fulfillment post-purchase care support. Customers expect personalized messaging connecting marketing online in-store experiences engagement. product know-how invest infrastructure capabilities relevant marketing messages."
}
{
    "_id": "HD20230058",
    "title": "",
    "text": "stores hub business shopping navigation convenience checkout. fiscal 2023 investments expectations. investments wayfinding signage refresh packages self-service lockers online order storage curbside service electronic shelf label re-design front-end reconfigured service desks improved layouts self-checkout. self-help tools mobile app navigation. maps location. invested compensation front-line associates lower attrition engagement fewer safety incidents."
}
{
    "_id": "HD20230061",
    "title": "",
    "text": "driving higher customer satisfaction experience. identified areas population growth market voids 2023 plan open 80 new stores five. stores relieve high-volume stores add less experience revenue growth."
}
{
    "_id": "HD20230062",
    "title": "",
    "text": "Investing in Associate Productivity. improve store operations complexity inefficient processes time serving. improvements optimizing product flow availability time locating simpler order management system expanding mobile learning tools using labor model tools activity customer needs. associates used web handheld devices. current digital “hdPhone” devices enhanced functionality query inventory access applications assist locating. hdPhones. access Sidekick product low stock prioritize highest value tasks. 2023 rolled Computer Vision. stores visibility product strategically-directed tasking-shelf availability."
}
{
    "_id": "HD20230063",
    "title": "",
    "text": "Investing Safety. committed safe shopping working environment customers associates. culture safety Taking Care People leaders. use data risk invest tools equipment technology reduce risks packaging processes behaviors. associate training awareness target roles safety mental wellness."
}
{
    "_id": "HD20230064",
    "title": "",
    "text": "empower EH&S associates evaluate develop enforce policies processes programs stores facilities offices. policies operations safety line-of-sight leaders. store inspection checklists audits maintenance merchandising safety standards."
}
{
    "_id": "HD20230066",
    "title": "",
    "text": "focus building competitive advantages supply chain expectations. shopping experience invest supply chain network fastest efficient reliable delivery home improvement. product availability speed reliability delivery managing costs. supply chain investments operate meet needs challenging environment."
}
{
    "_id": "HD20230067",
    "title": "",
    "text": "forecast replenish store products inventory management utilize distribution centers. supply chain includes distribution center platforms U. S. Canada Mexico. rapid deployment stocking bulk flatbed direct fulfillment. invested automate mechanize rapid deployment center network efficiency product."
}
{
    "_id": "HD20230068",
    "title": "",
    "text": "supply chain network expanded fulfillment facilities speed reliability delivery. offer same day next day delivery products stores fulfillment centers. omni-channel fulfillment centers market delivery operations freight focus on appliances. met goals control appliance delivery manage volume 2022 2023"
}
{
    "_id": "HD20230071",
    "title": "",
    "text": "last mile delivery capacity. opened flatbed distribution centers lumber building materials. network competitive advantage industry capabilities home improvement. supply chain network."
}
{
    "_id": "HD20230072",
    "title": "",
    "text": "leverage stores pickup return delivery locations. premium real estate footprint competitive advantage. four retail programs BOSS BOPIS BODFS BORIS. curbside pickup self-service lockers. car van delivery U. stores. fiscal 2023 50% U. online orders fulfilled through store. focus efficiency experience delivery. intent portfolio efficient timely reliable delivery optimizing fulfillment delivery needs inventory locations transportation options."
}
{
    "_id": "HD20230074",
    "title": "",
    "text": "view corporate responsibility business support associates customers partners communities business long-term value shareholders. ESG operations culture. organize efforts three pillars Focus People Operate Sustainably Strengthen Communities. Highlights. information see annual ESG Report. homedepot./responsibility."
}
{
    "_id": "HD20230076",
    "title": "",
    "text": "culture associates provide competitive advantages key market conditions. associates essential experience service customers demand. focus compelling associate experience. investing competitive wages benefits culture tools training development opportunities Home Depot. foundation customers first care associates."
}
{
    "_id": "HD20230077",
    "title": "",
    "text": "Values. Home Depot ethics integrity values culture-centric business. drives human capital management. servant leadership inverted pyramid customers associates top senior management base. culture core values foundation business guiding principles decisions."
}
{
    "_id": "HD20230078",
    "title": "",
    "text": "values guide attract retain skilled associates. empower associates superior customer experience embody values culture development rewards programs. Leaders participate programs"
}
{
    "_id": "HD20230081",
    "title": "",
    "text": "culture leadership collaboration inclusiveness associate engagement unconscious bias. values capital."
}
{
    "_id": "HD20230088",
    "title": "",
    "text": ". 2023 employed,100 associates 46,200 salaried remainder hourly. geographic makeup Location Total Workforce United States,200. Canada,800. Mexico,800. Other. Total,100"
}
{
    "_id": "HD20230090",
    "title": "",
    "text": "Includes associates China Vietnam India."
}
{
    "_id": "HD20230091",
    "title": "",
    "text": "Talent Attraction Development. hire associates customer-like experience jobseekers speed personalization recruiting process. employ targeted marketing careers website personalizes experience location behavior. Jobseekers apply desktop mobile devices. self-service schedule reschedule-hire activities mobile device. quick hiring process candidates jobs."
}
{
    "_id": "HD20230092",
    "title": "",
    "text": "offer associates benefit development opportunities. Home Depot University program key offering content platforms instructor-led classes e-learning mobile learning online resources. invest growth development coaching leader support learn skills mobile applications. equip leaders tools develop teams programs."
}
{
    "_id": "HD20230093",
    "title": "",
    "text": "store leadership structure associate development engagement alignment. fiscal 2023 store leadership structure new management positions customer service increasing managers floor. frees time associate training development. improved customer associate experience new career paths. changes senior leadership structure outside sales service global store organization."
}
{
    "_id": "HD20230094",
    "title": "",
    "text": "Engagement. emotional commitment to Home Depot. vital to culture success. create engaging workplace listening associate feedback. provide pulse check surveys customers Company jobs leaders. annual Voice of the Associate survey engagement. feedback experience. digital engagement platform connections co-workers Company leaders. programs recognize associates exceptional customer service core values."
}
{
    "_id": "HD20230095",
    "title": "",
    "text": "Diversity Equity Inclusion. diverse equitable inclusive Company key success. maintain associates valued belonging experience business communities. Office Diversity Equity Inclusion supports associates suppliers communities."
}
{
    "_id": "HD20230103",
    "title": "",
    "text": "fiscal 2023 demographic data U. S. associates Population Minority White Undisclosed Female Male. Workforce. Managers Above. Officers#74%"
}
{
    "_id": "HD20230105",
    "title": "",
    "text": "include."
}
{
    "_id": "HD20230108",
    "title": "",
    "text": "identified priorities diversity equity inclusion. associate supplier community enhance experience workplace marketplace community Engagement"
}
{
    "_id": "HD20230109",
    "title": "",
    "text": "inclusivity create environment associate included valued"
}
{
    "_id": "HD20230111",
    "title": "",
    "text": ""
}
{
    "_id": "HD20230112",
    "title": "",
    "text": "visibility spend subcontractors"
}
{
    "_id": "HD20230114",
    "title": "",
    "text": "pipeline diverse suppliers engagement"
}
{
    "_id": "HD20230115",
    "title": "",
    "text": "organizations close wealth gap"
}
{
    "_id": "HD20230117",
    "title": "",
    "text": "Compensation Benefits. competitive compensation benefits. wage investments circumstances. profit-sharing program semi-annual cash awards business. benefits healthcare wellness vacation leave parental leave time off 401(k) match ESPPs personal finance education family support educational assistance."
}
{
    "_id": "HD20230119",
    "title": "",
    "text": "commitment reduce impact operations environment business stronger resilient. approach extends products services store construction supply chain packaging ethical sourcing program. sustainably climate reduce environmental impact products responsibly set goals progress."
}
{
    "_id": "HD20230120",
    "title": "",
    "text": "2023 ESG Report. homedepot./responsibility includes goals initiatives. reduce environmental footprint environmentally focused programs initiatives."
}
{
    "_id": "HD20230121",
    "title": "",
    "text": "Science Targets Emissions Reductions. 2023 submitted goals Scope 1 2 3 Paris Agreement enhanced Scope 3 2024. plan reduce Scope 1 2 3 Category 11 42% 2030 2020. SBTi validated goals Scope 1 2 target. 5-degree Celsius trajectory. reduce Scope 1 2 emissions. 1% year 40% reduction 2030 50% reduction 2035."
}
{
    "_id": "HD20230124",
    "title": "",
    "text": "Store Operations Renewable Energy. reduced. store electricity consumption LED lighting energy-efficient HVAC demand mitigation. invested-site energy off-site wind solar. renewable electricity Home Depot 2030."
}
{
    "_id": "HD20230125",
    "title": "",
    "text": ". Eco program carbon emissions circularity responsible chemistry sustainable forestry water use. STAR® appliances WaterSense® bath faucets showerheads aerators toilets irrigation controllers LED bulbs tankless water heaters. save utility reduce environmental impact 2023 goals energy water usage. 2028 85% U. S. Canada sales rechargeable battery. resources project tutorials environmental."
}
{
    "_id": "HD20230126",
    "title": "",
    "text": "Recycling. fluorescent light bulbs rechargeable lead acid batteries."
}
{
    "_id": "HD20230127",
    "title": "",
    "text": "Strategy. committed increasing environmental standards encourage suppliers invest innovative products. evaluate Strategy. 2023 updated Strategy chemicals private-brand patio home décor products U. S. Canada end 2025."
}
{
    "_id": "HD20230128",
    "title": "",
    "text": "Sustainable Packaging. eliminating expanded polystyrene foam polyvinyl chloride private-brand products. working suppliers packaging recyclable less material single-use plastics. fiscal 2023 goal private brand fiber packaging. compostable recyclable 2027."
}
{
    "_id": "HD20230129",
    "title": "",
    "text": "Supply Chain Optimization. space sharing optimization maximize mile."
}
{
    "_id": "HD20230130",
    "title": "",
    "text": "CDP Participation.-standing CDP Climate Change. independent not-for-profit system measure disclose manage environmental information. February 2024 “A-” Climate Change submission leadership improved action. Forests 2023 “C” first submission."
}
{
    "_id": "HD20230131",
    "title": "",
    "text": "commitment sustainable operations resulted environmental awards. 2023 received awards EPA WaterSense® water-efficient products EPA Safer Choice safer chemicals EPA ENERGY STAR® energy efficiency."
}
{
    "_id": "HD20230133",
    "title": "",
    "text": "core “Giving Back support communities. Home Depot Foundation homes. veterans disasters training tradespeople labor gap. Company Foundation industry training programs tradespeople home improvement Path to Pro program career networking site. Depot volunteers extend mission Foundation donating thousands volunteer hours."
}
{
    "_id": "HD20230136",
    "title": "",
    "text": "partner suppliers organizations DEI efforts. Office of DEI partners organizations close wealth gap enhance education outcomes. supplier base growth business success communities."
}
{
    "_id": "HD20230137",
    "title": "",
    "text": "see 2023 ESG Report communities."
}
{
    "_id": "HD20230139",
    "title": "",
    "text": "company U. international operations subject to laws. foreign jurisdictions rules regulations governing bodies. Compliance laws material effect capital expenditures results competitive position."
}
{
    "_id": "HD20230141",
    "title": "",
    "text": ". homedepot. com. Investor Relations Annual Reports 10-K Quarterly Reports 10-Q Current Reports 8-K Proxy Statements Forms 3 4 5 amendments SEC."
}
{
    "_id": "HD20230142",
    "title": "",
    "text": "include website addresses reference. information not incorporated."
}
{
    "_id": "HD20230144",
    "title": "",
    "text": "business financial condition risks uncertainties. investment decision consider risk factors information report filings SEC. Additional risks uncertainties impair operations. future prospects trading value. read Risk Factors Part II Item 7. Discussion Analysis Financial Condition Results Operations consolidated financial statements Item 8."
}
{
    "_id": "HD20230146",
    "title": "",
    "text": "competition prices decrease market share."
}
{
    "_id": "HD20230147",
    "title": "",
    "text": "industry competitive fragmented evolving. face competition retailers suppliers service providers distributors manufacturers."
}
{
    "_id": "HD20230148",
    "title": "",
    "text": "competitors multichannel online home improvement retailers hardware stores electrical plumbing houses lumber yards. showrooms discount paint warehouse clubs MRO distributors home décor home improvement services rental. internet facilitates price transparency shopping."
}
{
    "_id": "HD20230149",
    "title": "",
    "text": "compete customer experience price quality product availability assortment innovation delivery in-store online. store location presentation shopping experience. Pros sales competitive credit pricing project planning tools product lot quantities. customers online faster delivery low-price free shipping convenient pickup. delivery pickup times costs supply chain interconnected retail capabilities. Failure delivery pickup impact profit margins demand."
}
{
    "_id": "HD20230152",
    "title": "",
    "text": "use marketing advertising programs drive traffic compete assess adjust changes competitive landscape. pressures from competitors aggressive pricing liquidation events inability adapt changing landscape affect prices margins demand. respond superior customer experience effective sales marketing advertising programs market share financial performance. fiscal 2023 inflationary rising interest rate environment long-term outlook difficult predict. experience inflation deflation beyond adjust prices impacting demand margins affect price."
}
{
    "_id": "HD20230153",
    "title": "",
    "text": "respond consumer needs expectations trends affect relationship demand products market share."
}
{
    "_id": "HD20230154",
    "title": "",
    "text": "success business depends on trends demographics consumer preferences expectations needs macroeconomic environment unexpected weather disasters public health issues managing inventory excellent customer experience. difficult to predict products services customers demand. customers expect personalized experience collect use retain protect customer data important. subject to external factors legislation data privacy technologies artificial data security customer expectations. customer different needs expectations evolve demographics. preferences expectations sustainability changing. impacts COVID-19 subsided customers shifted spending to travel dining home improvement spending. If differentiate shopping experience impact sales market share."
}
{
    "_id": "HD20230155",
    "title": "",
    "text": "Customer expectations demanding. Customers use technology electronic devices platforms compare prices read reviews availability purchase new channels tools experience change. Pros look for capabilities sales support competitive credit pricing project planning tools product quantities complex purchase needs. purchased customers seek options delivery advance ordering digital expect quick timely low-price free delivery pickup. adapt changes online in-store experience delivery options. coordinated operation physical stores distribution facilities online platforms fundamental strategy. guarantee current future fulfillment options expectations delivery pickup times options costs. online sales fulfillment traffic opportunities cross-selling sales affect financial performance. online sales higher costs delivery profit margins."
}
{
    "_id": "HD20230156",
    "title": "",
    "text": "Failure provide relevant experience technological developments expectations maintain inventory quick delivery pickup differentiate experience primary groups implement localized merchandising"
}
{
    "_id": "HD20230159",
    "title": "",
    "text": "consumer preferences home improvement needs affect relationship demand market share."
}
{
    "_id": "HD20230160",
    "title": "",
    "text": "positive brand reputation critical business success damaged customers associates suppliers vendors shareholders business results price stock."
}
{
    "_id": "HD20230161",
    "title": "",
    "text": "brand reputation critical attracting customers associates suppliers vendors. manage protect. Negative incidents erode trust confidence adverse publicity damage undermine confidence reduce demand affect attract regulatory scrutiny impact relationships suppliers. business practices positions attributed third risks brand. position on social environmental governance political public policy economic geopolitical sensitive issues lack transparency harm reputation. criticized ESG-related initiatives goals failure. ESG-related data processes reporting incomplete inaccurate face regulatory scrutiny adverse reputational impacts. Customers social media feedback. Negative sentiment misinformation fraudulent accounts impact brand reputation."
}
{
    "_id": "HD20230162",
    "title": "",
    "text": "initiatives interconnected retail strategy impact financial results benefits."
}
{
    "_id": "HD20230163",
    "title": "",
    "text": "years investments interconnected retail strategy enhancing expanding supply chain developing differentiated capabilities expanding store base acquisitions. investments streamline operations high-quality service simplify interactions interconnected shopping experience expand sales complex purchase needs fastest efficient reliable delivery network home improvement products. requires investment operations information technology new processes systems support. Investment involves real estate projects distribution network locations. stores key hub shopping experience. aging store base requires maintenance investment space reallocation. locations new stores."
}
{
    "_id": "HD20230164",
    "title": "",
    "text": "manage volume timing location cost investments projects changes. Failure strategy impact business operations financial results. cost potential problems defects interruptions initiatives third-party providers online tools services artificial support systems securing store facility locations impacts inventory disrupt efficiency product availability complexity impact profitability. investments shopping experience store base supply chain capabilities provide benefits take longer impact competitive position financial condition results cash flows."
}
{
    "_id": "HD20230167",
    "title": "",
    "text": "unable manage expand alliances relationships suppliers brand products unable execute strategy competitors."
}
{
    "_id": "HD20230168",
    "title": "",
    "text": "product differentiation formed alliances relationships with brand names. developed relationships proprietary products comparable national brands. proprietary products differentiate carry higher margins. manage alliances maintain terms identify alternative sources for products execute product differentiation impact sales gross margin results. suppliers’ business practices positions attributed to us controversies reputation identify alternative sources."
}
{
    "_id": "HD20230169",
    "title": "",
    "text": "strategic transactions involve risks business financial results realize benefits."
}
{
    "_id": "HD20230170",
    "title": "",
    "text": "consider strategic transactions mergers acquisitions investments alliances growth market expansion strategies. expect transactions sales cost savings synergies enhanced capabilities benefits. Assessing viability benefits uncertainty. determine integration target company’s products services associates information technology financial human resources compliance systems processes manage integration corporate structure. Integration complex time-consuming delayed achieve synergies benefits. integration complexity financial internal controls technology cybersecurity operations difficult. acquisitions fail business strategy competition additional risks liabilities. transactions regulatory uncertainty. changing enforcement costs delays outcome. failure transaction synergies benefits slower growth costs impairment goodwill business financial condition results."
}
{
    "_id": "HD20230172",
    "title": "",
    "text": "success retain associates service support strategic initiatives labor costs."
}
{
    "_id": "HD20230173",
    "title": "",
    "text": "customers expect high service product knowledge from associates. attract develop retain qualified associates maintain productive relationship. labor needs subject to factors market pressures unemployment insurance legislation labor changing demographics expectations public health concerns reputation. compete with retail businesses for hourly positions invest resources in training motivating satisfaction. high turnover rates increased training retention costs. challenges recruiting retaining wage pressure flexible scheduling health safety concerns remote environment. subject labor union efforts may decrease operational flexibility efficiency impact operations reputation. competition increased salaries benefits costs impair recruit retain"
}
{
    "_id": "HD20230176",
    "title": "",
    "text": "adverse impact business financial results."
}
{
    "_id": "HD20230177",
    "title": "",
    "text": "execute interconnected retail strategy supply investments attract retain skilled professionals technology. market competitive. inability provide wages benefits competitive affect. changes market compensation rates affect labor costs."
}
{
    "_id": "HD20230178",
    "title": "",
    "text": "execute organizational changes management transitions motivate retain associates critical business success. locate attract retain associates manage leadership transitions strategy quality service financial performance."
}
{
    "_id": "HD20230179",
    "title": "",
    "text": "failure information affect business."
}
{
    "_id": "HD20230180",
    "title": "",
    "text": "rely on information technology systems personnel collect manage protect transactions data. systems managed by third-party providers cloud platform providers. rely on integrity security access to systems operational financial data capabilities sales customer supplier associate job applicant partner demand forecasting merchandise ordering inventory replenishment supply chain management payment processing order fulfillment customer service post-purchase matters. systems must maintain update. Delays in maintenance effectiveness security risks. third-party systems subject to damage malicious activity from power outages failures viruses data breaches theft misuse cyber-attacks ransomware natural disasters public health concerns conflicts war terrorism civil unrest outages redundancy design usage errors malfeasance by associates contractors providers.business activities shifted online store support associates remote increased risk failure technology infrastructure cybersecurity threats networks."
}
{
    "_id": "HD20230181",
    "title": "",
    "text": "we third-party providers maintain systems risk integrity security not always. experience errors interruptions delays cessations information technology infrastructure disrupt operations impair data security impact communications financial banking systems costly time resource-intensive reputation relationship customers associates suppliers shareholders regulators. expend resources insufficient recourse against providers."
}
{
    "_id": "HD20230182",
    "title": "",
    "text": "making investments in information technology systems infrastructure personnel strategic partners third-party service providers. investments involve replacing outsourcing technology processes changes migration cloud maintaining enhancing legacy systems designing acquiring new systems functionality testing artificial"
}
{
    "_id": "HD20230185",
    "title": "",
    "text": "artificial intelligence. risks impacts loss corruption data security controls cost overruns delays disruption business reporting requirements. system difficulty operational challenges security failures reputational harm increased costs business operations relationships results."
}
{
    "_id": "HD20230186",
    "title": "",
    "text": "Disruptions retail strategy negative experiences."
}
{
    "_id": "HD20230187",
    "title": "",
    "text": "information technology systems provide improved shopping interconnected experience electronic devices digital platforms. use digital platforms sales channels inspiration product information sales. multiple online communities digital platforms knowledge centers inform assist interact. retail industry evolving expanding increase sales online mobile applications. increased volume delivery options without interruption. respond to new developments changing customer preferences digital experience. enhance online digital properties personalized user-friendly interface. Disruptions delays failures performance issues systems impair value impact sales relationship."
}
{
    "_id": "HD20230188",
    "title": "",
    "text": "supply chain factors merchandise impact business."
}
{
    "_id": "HD20230189",
    "title": "",
    "text": "Disruption logistics chain network COVID-19 affect inventory customer demand lost sales costs damage reputation. disruptions from distribution centers supply chain providers weather events cybersecurity natural disasters trade disputes sanctions customs actions quotas tariffs taxes strikes lock-outs work stoppages shortages labor shipping capacity constraints raw material contract disputes interruptions increased costs unavailability fuel conflicts sanctions terrorism public health issues civil unrest factors beyond control. ports. impacted by capacity constraints congestion delays labor disputes security issues weather events natural disasters."
}
{
    "_id": "HD20230190",
    "title": "",
    "text": "COVID-19 pandemic disruptions domestic international supply chain affect flow availability products. alternate sources cost more higher transportation costs impact profitability financial condition. Increased demand online purchases impact fulfillment operations third-party carriers delays out-of-stock levels."
}
{
    "_id": "HD20230191",
    "title": "",
    "text": "suppliers experienced labor shortages distribution centers due COVID-19 pandemic competitive labor market. shortages impact products stores customers."
}
{
    "_id": "HD20230194",
    "title": "",
    "text": "circumstances impair lost sales costs damage reputation impact business performance financial condition."
}
{
    "_id": "HD20230195",
    "title": "",
    "text": "store environment sales costs experience brand reputation."
}
{
    "_id": "HD20230196",
    "title": "",
    "text": "customers associates expect safe store environment loss theft inventory. shrink organized retail crime. initiatives address shrink minimize theft safety require changes increase costs margins impact customer experience. unsafe environment negative incidents erode trust confidence sales morale retention brand reputation."
}
{
    "_id": "HD20230197",
    "title": "",
    "text": "privacy customer associate job applicant partner Company information costs reputational damage litigation."
}
{
    "_id": "HD20230198",
    "title": "",
    "text": "business involves collection use retention management transmission deletion personal information internet activity preferences payment from customers associates job applicants business partners confidential Company information. work with third-party providers technology systems services. systems vulnerable to data protection cybersecurity risks. Unauthorized parties through fraud confidentiality integrity availability. Hardware software applications may contain vulnerabilities bugs defects security. risk software coding vulnerabilities back doors unauthorized access. increased remote workforce expanded attack areas. risk cyber-attacks increased geopolitical conflicts trade diplomatic tensions. conflicts Europe Middle East nation-state actors may launch retaliatory cyber-attacks supply disruptions-motivated business operations data compromise. Nation-state actors cyber-attacks espionage monetary gain disruption destruction.nation-state cyber criminals attack vectors passwords social engineering phishing smishing vishing identity spoofing ransomware malware supply chain compromises man-in-middle denial service attacks. unauthorized access service changing difficult."
}
{
    "_id": "HD20230199",
    "title": "",
    "text": "-evolving cybersecurity threat landscape third providers partners evaluate adapt systems processes security environment companies. no guarantee measures all threats vulnerabilities data security breaches system compromises misuses. significant compromise breach data security misuse data costs lost sales fines lawsuits regulatory investigations damage reputation. techniques unauthorized access service sabotage systems change anticipate implement preventative measures. may discover security breach vulnerability compromise after incident. cyber insurance coverage"
}
{
    "_id": "HD20230202",
    "title": "",
    "text": "liabilities costs incurred insurance economically reasonable terms insurer deny future claim."
}
{
    "_id": "HD20230203",
    "title": "",
    "text": "Data governance failures affect reputation business. business depends on customers’ job partners’ personal information. Events trust inadequate disclosure information failing keep systems personal information secure from attack theft damage loss unauthorized disclosure access affect brand harm reputation."
}
{
    "_id": "HD20230204",
    "title": "",
    "text": "regulatory environment data privacy cybersecurity changing rigorous requirements business. implementation complex. Maintaining adherence privacy requirements requires effort cost changes business practices collect use data customer. regulators aggressive enforcement private increasing larger judgments settlements. Failure fines sanctions investigations lawsuits negative publicity reputational harm lose confidence cybersecurity data privacy business."
}
{
    "_id": "HD20230205",
    "title": "",
    "text": "payment risks costs fraud theft liability disrupt business."
}
{
    "_id": "HD20230206",
    "title": "",
    "text": "accept payments credit debit cards private label credit cards cash electronic payments checks digital wallets loan programs trade credit gift cards offer new payment options. Acceptance subjects to rules regulations contractual obligations compliance requirements payment network rules data security standards certification electronic funds transfers. requirements change compliance difficult costly. certain pay interchange fees costs incur losses operating costs. rely on third parties payment processing services. If systems compromised disrupt business. payment methods selling channels subject to potential fraud theft. fail comply rules data compromised liable for costs subject fines transaction fees. anticipate expanding trade credit purchase needs. If fail offer attractive terms underwriting criteria competitive sales. If trade credit Pros unable make payments losses.customers could lose confidence in payment types expect demand methods competitive disadvantages shift changes higher costs. business results affected."
}
{
    "_id": "HD20230207",
    "title": "",
    "text": "business seasonal climate change disasters catastrophic impact operations."
}
{
    "_id": "HD20230208",
    "title": "",
    "text": "disasters hurricanes fires floods droughts water tornadoes earthquakes terrorism shooter health concerns pandemics quarantines civil unrest conflicts war"
}
{
    "_id": "HD20230211",
    "title": "",
    "text": "sanctions government responses disruptions catastrophic events operations financial performance. affect consumer spending confidence disposable income home improvement construction. affect work force prevent customers stores facilities. disrupt operations stores support centers supply chain distribution network inventory utility services. affect information systems digital platforms transact fulfill orders communicate stores facilities management access financial banking systems. Unseasonable extreme weather conditions precipitation temperatures inventory incompatible needs."
}
{
    "_id": "HD20230212",
    "title": "",
    "text": "long-term impacts climate change physical transition regulatory technology changes widespread unpredictable. changes affect availability cost consumer products commodities energy impact ability procure goods business optimal."
}
{
    "_id": "HD20230213",
    "title": "",
    "text": "catastrophic events interruption costs changes behavior losses property equipment revenue profitability."
}
{
    "_id": "HD20230214",
    "title": "",
    "text": "fail identify relationships qualified suppliers experience financial difficulties ability access products standards quality affected."
}
{
    "_id": "HD20230215",
    "title": "",
    "text": "buy products from suppliers procure materials. identify relationships suppliers quality responsible access products challenge. products by economic political instability civil unrest military conflicts war sanctions terrorism violence public health issues pandemics financial instability noncompliance laws contract disputes trade restrictions tariffs currency exchange rates disruptions logistics information technology inability sell products customs actions holds detentions raw material shortages noncompliance standards controversies factors beyond control. access products demands sales gross margin results impacted."
}
{
    "_id": "HD20230216",
    "title": "",
    "text": "Failure product service quality safety responsible sourcing laws damage reputation litigation impact sales results."
}
{
    "_id": "HD20230217",
    "title": "",
    "text": "Product service quality issues impact confidence brands Company. standards expectations safety quality responsible business practices lost sales increased costs legal financial reputational risks governmental enforcement. product safety concerns health expose litigation enforcement costly recalls liabilities. indemnification insurance coverage suppliers business financial condition. insurance indemnification reputation loyalty. responsible sourcing focus government regulators. suppliers comply with responsible sourcing standards supply chain transparency health safety environmental laws regulations"
}
{
    "_id": "HD20230220",
    "title": "",
    "text": "compensation hours work prohibitions on child forced labor. suppliers must comply with Company policies law including jurisdictions raw materials timber minerals products. responsible sourcing audit process dependent on suppliers to ensure products services comply with standards law information source. supply chain products may attenuated source components timber minerals. supplier non-compliance with standards law to litigation enforcement costly product recalls inability sell products customs actions holds detentions exclusions impacted reputation termination supplier relationships liabilities."
}
{
    "_id": "HD20230221",
    "title": "",
    "text": "products regulatory liability intellectual property reputational."
}
{
    "_id": "HD20230222",
    "title": "",
    "text": "product-related risks expand proprietary product offerings increased risks role in design manufacture marketing sale. risks include responsibility regulatory requirements increased liability recall reputational risks responsible. product differentiation strategy protect proprietary rights navigate avoid claims. increase sales proprietary products affect suppliers’ relationships. failure address risks damage reputation business results financial condition."
}
{
    "_id": "HD20230223",
    "title": "",
    "text": "manage installation services lost sales fines lawsuits damage contractor licenses."
}
{
    "_id": "HD20230224",
    "title": "",
    "text": "act general contractor installation services DIFM customers third-party licensed installers. subject to regulatory requirements risks background checks licensing permitting environmental risks quality work. established processes manage customer satisfaction. EPA investigation consent decree fail manage processes documentation inspections oversight suffer lost sales fines lawsuits enforcement actions claims property damage personal injury. damage reputation loss licenses affect business."
}
{
    "_id": "HD20230226",
    "title": "",
    "text": "Uncertainty housing market economic climate health factors affect demand costs financial performance."
}
{
    "_id": "HD20230227",
    "title": "",
    "text": "financial performance depends on housing home improvement markets economic conditions gross domestic product. Adverse conditions political social climate impact customers’ confidence financial condition. factors beyond control unemployment foreclosure rates inventory loss theft interest rate fluctuations inflation deflation fuel energy costs raw material shortages labor healthcare costs financing credit markets tax rates policy"
}
{
    "_id": "HD20230230",
    "title": "",
    "text": "weather natural disasters climate terrorism violence active shooter public health issues pandemics geopolitical military conflicts war sanctions civil unrest affect demand products costs financial performance. merchandise categories impacted by inflation global supply chain disruptions uncertain economic geopolitical environment. If inflation deflation adjust prices without impacting demand margins. central banks raised interest rates impacted demand shifts consumer purchasing from to. MRO customers higher spend use trade credit. ability pay on economic strength industry. If repay trade credit default risk cash flow affect results operations."
}
{
    "_id": "HD20230231",
    "title": "",
    "text": "costs increase changes expanded enforcement new laws regulations."
}
{
    "_id": "HD20230232",
    "title": "",
    "text": "subject to U. S. local international business. new laws adopted expanded enforcement interpretation complex. change political economic social events. Changes minimum wage living wage exempt non-exempt employees contractors wage labor regulations healthcare data privacy cybersecurity sale marketing pricing products transportation logistics interstate delivery Department of Transportation regulations international trade supply chain transparency sourcing raw materials taxes carbon dioxide emissions competition antitrust ESG programs transparency reporting. unclaimed property energy costs consumption hazardous waste disposal environmental matters increase costs impact sales operations profitability."
}
{
    "_id": "HD20230233",
    "title": "",
    "text": "regulators customers investors associates stakeholders on cybersecurity data privacy ESG disclosures. changing rules regulations expectations increased expenses risks litigation enforcement increased management time. Initiatives goals ESG difficult expensive technologies cost effective reputational regulatory risks disclosure."
}
{
    "_id": "HD20230234",
    "title": "",
    "text": "manage challenges international markets international operations sales profitability impacted."
}
{
    "_id": "HD20230235",
    "title": "",
    "text": "retail operations international markets risks U. S. operations costs difficulties international operations. operations local laws customs U. S. laws constraints political social economic conditions. Risks include tax consequences trade disputes tariffs import taxes controls inability sell customs actions holds detentions intellectual property rights limitations ports Foreign Corrupt Practices Act anti law conflicts sanctions responses"
}
{
    "_id": "HD20230238",
    "title": "",
    "text": "labor laws environmental sourcing challenges local suppliers. trade tensions U. S. China led tariffs. retail products sourced outside U. S. tax trade policies tariffs impact cost demand profitability sales. countries change trade policies import tariffs. trade. operations international markets risk foreign currency exchange rates impact sales profitability."
}
{
    "_id": "HD20230239",
    "title": "",
    "text": "commodity affect demand sales profit margins."
}
{
    "_id": "HD20230240",
    "title": "",
    "text": "Prices commodity products lumber materials historically volatile domestic supply demand inflationary pressures labor costs competition market speculation regulations tariffs trade restrictions disasters conflicts delays delivery. conflicts Europe Middle East inflationary pressures commodity prices fuel energy shipping costs. changes prices lumber affect demand sales profit margins. cost inflation adjust prices impacting demand."
}
{
    "_id": "HD20230241",
    "title": "",
    "text": "incur property losses."
}
{
    "_id": "HD20230242",
    "title": "",
    "text": "self-insured risk categories general liability property loss compensation employee medical employment wage automobile cybersecurity privacy catastrophic risks above self-insurance. types amounts insurance vary risk retention regulatory requirements. significant claims costs failure disputes financial condition."
}
{
    "_id": "HD20230243",
    "title": "",
    "text": "accounting standards assumptions estimates judgments affect results."
}
{
    "_id": "HD20230244",
    "title": "",
    "text": "GAAP accounting pronouncements guidelines interpretations asset impairment inventories lease obligations self-insurance vendor allowances tax matters business combinations complex subjective assumptions estimates judgments. new standards change financial performance condition. systems processes controls operating costs."
}
{
    "_id": "HD20230245",
    "title": "",
    "text": "involved in legal regulatory governmental enforcement proceedings predict outcomes affect operations increase costs."
}
{
    "_id": "HD20230246",
    "title": "",
    "text": "involved in legal proceedings regulatory matters government inquiries consumer employment tort litigation business. Litigation unpredictable outcome require actions operations adverse verdicts fines results. involvement in lawsuits investigations compliance with settlements consent decrees expense divert attention impact reputation Company."
}
{
    "_id": "HD20230250",
    "title": "",
    "text": "."
}
{
    "_id": "HD20230253",
    "title": "",
    "text": "recognize importance assessing risks cybersecurity. implemented processes technologies controls. program prioritizes mitigation integrity resilience systems. leverage National Cybersecurity Framework. adhere Payment Card Industry Data Security Standards. cybersecurity risk management integrated enterprise risk management framework."
}
{
    "_id": "HD20230254",
    "title": "",
    "text": "cybersecurity efforts team led Chief Information Security Officer. designs implements data security cybersecurity programs risk assessments training associates. security risks."
}
{
    "_id": "HD20230255",
    "title": "",
    "text": "Monitoring Mitigation. maintain tools services cyber risks. teams conduct audits penetration tests. engage third parties cybersecurity risk assessment provide expertise. maintain security operations center staffed detect threats. incident procedures respond recover. policies reviewed regulatory requirements threat landscape. classification retention policies unauthorized exposure data. maintain cybersecurity insurance losses incidents."
}
{
    "_id": "HD20230256",
    "title": "",
    "text": "Company has Incident Response Team cross-functional expertise investigate coordinate remediate communicate cybersecurity incident. uses incident response plan detect recover cybersecurity incidents triage escalate investigate remediate comply legal obligations mitigate brand reputational damage. tabletop exercises processes plans technologies."
}
{
    "_id": "HD20230257",
    "title": "",
    "text": ". provide data security privacy associates hire customized role-based training audiences. conduct awareness campaigns phishing email tests-hire."
}
{
    "_id": "HD20230258",
    "title": "",
    "text": "Vendor Security. risk management program risk data type. perform diligence security risk assessments include obligations contractual arrangements."
}
{
    "_id": "HD20230259",
    "title": "",
    "text": "Cybersecurity Risks. experienced cybersecurity incidents past fiscal year. face risks affect business strategy financial condition. risk management processes implemented future risks. describe risks threats previous business strategy financial condition Part I Item 1A. “Risk Factors”."
}
{
    "_id": "HD20230263",
    "title": "",
    "text": "efforts secure digital environment data security privacy policies. cybersecurity overseen Board Audit Committee. quarterly reports from senior technology leaders Chief Information Officer CISO Chair Data Security Privacy Governance Committee. annually full Board meeting cybersecurity. receives presentations third-party experts."
}
{
    "_id": "HD20230264",
    "title": "",
    "text": "CISO CIO joined Company 2021 consultant 2019. two-decade tenure security strategy programs. cybersecurity experience protecting data industries. Bachelor Science Information Systems achieved certifications Certified Information Security Manager Systems Security Professional Privacy Professional. leads team 500 associates cybersecurity."
}
{
    "_id": "HD20230265",
    "title": "",
    "text": "three committees cybersecurity privacy data governance. led Data Security Privacy Governance Committee risks mitigation regulatory compliance. chaired Vice President Internal Audit CEO. meets quarterly supported Security Technology Risk Leadership Committee Privacy Data Governance Committee. reported Audit Committee Board."
}
{
    "_id": "HD20230266",
    "title": "",
    "text": "Security Technology Risk Leadership Committee cybersecurity program. chaired CISO technology leaders representatives. Privacy Data Governance Committee. chaired Chief Privacy Officer cross-functional 20 departments. committees meet report Data Security."
}
{
    "_id": "HD20230273",
    "title": "",
    "text": "table presents percentage owned leased facilities fiscal 2023 total square footage millions Stores. 3 Warehouses distribution centers. Offices. 8 Total."
}
{
    "_id": "HD20230275",
    "title": "",
    "text": "stores ground leases."
}
{
    "_id": "HD20230276",
    "title": "",
    "text": "operated 500 warehouses 2023."
}
{
    "_id": "HD20230277",
    "title": "",
    "text": "Store Support Center Atlanta."
}
{
    "_id": "HD20230300",
    "title": "",
    "text": "table presents U. S. store locations Puerto Rico. Virgin Islands Guam end 2023. Alabama Alaska Arizona Arkansas California#Massachusetts Rico Colorado Island Connecticut Carolina Delaware Dakota District Columbia Florida Georgia Guam Hawaii Hampshire Islands Idaho Jersey Illinois Mexico Indiana York Virginia Iowa Carolina#Wisconsin Kansas Dakota U. S. ##2,015"
}
{
    "_id": "HD20230319",
    "title": "",
    "text": "table presents store locations outside U. S. end 2023 Canada Alberta#Aguascalientes British Columbia California León Manitoba California Sur New Brunswick Newfoundland Nova Scotia Roo Ontario Luis Potosí Prince Edward Island#Sinaloa Quebec Federal Saskatchewan Mexico Total Canada#Tamaulipas Mexico"
}
{
    "_id": "HD20230323",
    "title": "",
    "text": "Company party to legal proceedings not party adverse effect financial position or results operations."
}
{
    "_id": "HD20230324",
    "title": "",
    "text": "SEC regulations disclose federal environmental regulations monetary sanctions above threshold. Company uses threshold $1 million determining disclosure."
}
{
    "_id": "HD20230325",
    "title": "",
    "text": "April 2021 civil consent decree U. S. Department Justice EPA Utah Massachusetts Rhode Island. decree required lead-safe practices installation services penalties failure third-party installers. first quarter 2023 EPA believes owe penalties violations documentation requirements. discussions basis penalties. predict penalties adverse effect financial condition cash flows. expect recoup fines third-party installers."
}
{
    "_id": "HD20230327",
    "title": "",
    "text": "."
}
{
    "_id": "HD20230330",
    "title": "",
    "text": "Equity Stockholder Purchases Securities"
}
{
    "_id": "HD20230331",
    "title": "",
    "text": "April 19, 1984 common stock listed NYSE. paid first cash dividend June 22, 1987 quarter. dividend earnings capital financial condition Board Directors."
}
{
    "_id": "HD20230332",
    "title": "",
    "text": "February 28, 2024 106,000 common stock 5,075,000 banks brokers."
}
{
    "_id": "HD20230339",
    "title": "",
    "text": "table shareholder returns S&P Retail Composite Index S&P 500 Index five years. $100 invested closing common stock NYSE last year February 2019 dividends reinvested. points year-end amounts last trading day. 3 2019 2 2020 31, 2022 29, 2023 28, 2024 Home Depot. S&P Retail Composite Index. S&P 500 Index."
}
{
    "_id": "HD20230348",
    "title": "",
    "text": "table fourth quarter 2023 Shares Price Value Shares October 30, 2023 November 26, 2023,247.,293,250,745 November 27, December 24, 2023,459,975.,703,264,193 December 25, 2023 January 28, 2024,244.,255,680,392,466.,789"
}
{
    "_id": "HD20230350",
    "title": "",
    "text": "amounts include repurchases Omnibus Stock Incentive Plan 1997 Omnibus Stock Incentive Plan. participants surrender shares tax withholding restricted stock. options shares common stock. Shares surrendered repurchased Plans not repurchase programs."
}
{
    "_id": "HD20230351",
    "title": "",
    "text": "August 14 2023 Board approved $15. billion repurchase. August 18 2022. expiration date."
}
{
    "_id": "HD20230352",
    "title": "",
    "text": "taxes repurchases."
}
{
    "_id": "HD20230354",
    "title": "",
    "text": "fourth quarter 2023 issued 521 deferred stock units Home Depot. Nonemployee Directors’ Deferred Stock Compensation Plan exemption Section 4 Securities Act Rule 506 Regulation D. credited directors board retainers cash. convert common stock termination."
}
{
    "_id": "HD20230355",
    "title": "",
    "text": "fourth quarter 2023 credited 882 deferred stock units Restoration Plans exemption Securities. units convert common stock termination service."
}
{
    "_id": "HD20230357",
    "title": "",
    "text": "Discussion Financial Operations"
}
{
    "_id": "HD20230358",
    "title": "",
    "text": "discussion financial condition results consolidated financial statements notes. focuses 2023 2022. results operations financial condition 2022 2021 omitted Part II Item 7. Discussion Analysis Financial Condition Results Operations Form 10-K 2022."
}
{
    "_id": "HD20230363",
    "title": "",
    "text": "Summary Results Liquidity Accounting"
}
{
    "_id": "HD20230367",
    "title": "",
    "text": "sales $152. 7 billion 2023. earnings $15. 1 billion. 11 share. opened eight U. five Mexico 2,335 January 2024. 320. 7% Canada Mexico. sales foot $604. 55. inventory turnover ratio 4. 3. 2 2022."
}
{
    "_id": "HD20230368",
    "title": "",
    "text": "generated $21. billion cash issued $2. billion debt 2023. $8. 4 billion. repurchases. invested $3. billion capital $1. billion repaid $1. 3 billion debt. dividend $2. share."
}
{
    "_id": "HD20230369",
    "title": "",
    "text": "ROIC 36. 7% 2023 44. 6% 2022. lower income long-term debt. Non-GAAP Financial Measures definition ROIC reconciliation NOPAT net earnings."
}
{
    "_id": "HD20230388",
    "title": "",
    "text": "table presents percentage relationship net sales major consolidated statements earnings dollars millions% Net,669 Gross profit,960.,778.,832. Operating expenses Selling general administrative,598.,284.,406. Depreciation amortization.,455.,386. Total operating expenses,271.,739.,792. Operating income,689.,039. Interest other expense Interest income other. Interest expense.,347.,303 Earnings before income taxes.,477.,737.Provision income taxes.,372.,304. Net earnings,143.,105.,433."
}
{
    "_id": "HD20230400",
    "title": "",
    "text": "Change Selected financial sales data. 2021 Comparable sales (% change). 2). 1. 4 Comparable customer transactions% change. 9). 4). Comparable average ticket% change). 3). Customer transactions (in millions)#1,621.,666. 7). Average ticket.$83. Sales per retail foot.$627. Diluted earnings per share."
}
{
    "_id": "HD20230404",
    "title": "",
    "text": "HD Supply."
}
{
    "_id": "HD20230405",
    "title": "",
    "text": "ticket average price transaction management performance Company primary sales performance."
}
{
    "_id": "HD20230406",
    "title": "",
    "text": "per retail square foot divided by store square footage. efficiency square footage retail operations productivity owned leased square footage."
}
{
    "_id": "HD20230409",
    "title": "",
    "text": "assess sales net."
}
{
    "_id": "HD20230410",
    "title": "",
    "text": ". 2023 decreased $4. 7 billion. 0% $152. 7 billion. negative sales transactions lumber price deflation."
}
{
    "_id": "HD20230411",
    "title": "",
    "text": "Online sales websites mobile applications. 8% net sales increased 1. 1% 2023 2022."
}
{
    "_id": "HD20230412",
    "title": "",
    "text": ". sales $276 million 2023."
}
{
    "_id": "HD20230413",
    "title": "",
    "text": "Comparable Sales. locations websites change net sales. includes all locations 52 weeks remodels excludes closed stores. stores comparable Monday 52nd week. Acquisitions included after 52 weeks. supplemental not substitute net sales GAAP."
}
{
    "_id": "HD20230414",
    "title": "",
    "text": "sales decreased. 2% 2023 2. 9% customer transactions 0. 3% average ticket 2022. macroeconomic factors consumption services higher interest rate home improvement demand. ticket. commodity price deflation ticket 145 points lumber. offset inflation demand new products."
}
{
    "_id": "HD20230415",
    "title": "",
    "text": "2023 four 14 Materials Outdoor Garden Hardware positive sales. departments negative Lumber department double decline lumber price deflation higher unit sales."
}
{
    "_id": "HD20230417",
    "title": "",
    "text": "profit decreased $1. billion. 4% $51. billion 2023. 33. 4%. 5% 2022. price stabilization inventory supply chain costs."
}
{
    "_id": "HD20230418",
    "title": "",
    "text": "shrink above averages-over-year pressure profit margin decreased 2023. gross profit margin 2023 2022."
}
{
    "_id": "HD20230420",
    "title": "",
    "text": "expenses SG&A amortization."
}
{
    "_id": "HD20230423",
    "title": "",
    "text": ". SG&A increased $314 million. 2% $26. 6 billion 2023. sales. 4% 16. 7% 2022 deleverage negative wage investments offset lower incentive compensation."
}
{
    "_id": "HD20230424",
    "title": "",
    "text": "Depreciation Amortization. increased $218 million. 9% $2. 7 billion 2023. sales. 8%. 6% 2022 expense negative sales."
}
{
    "_id": "HD20230426",
    "title": "",
    "text": "Interest increased $203 million. 0% $1. 8 billion 2023. sales. 2%. 0% 2022 increased interest debt higher debt balances deleverage income."
}
{
    "_id": "HD20230428",
    "title": "",
    "text": "tax. 0% 2023. 9% 2022."
}
{
    "_id": "HD20230430",
    "title": "",
    "text": "earnings share $15. 11 2023 $16. 69 2022. net earnings offset diluted shares repurchases."
}
{
    "_id": "HD20230432",
    "title": "",
    "text": "clarity operating performance supplement reporting non financial measures. GAAP measures. Non-GAAP measures differ companies."
}
{
    "_id": "HD20230434",
    "title": "",
    "text": "believe ROIC investors measures capital. define ROIC non-GAAP measure twelve-month divided average debt equity. debt equity long-term debt."
}
{
    "_id": "HD20230445",
    "title": "",
    "text": "table presents ROIC reconciliation NOPAT net earnings GAAP millions Net earnings,143,105,433 Interest,303 Provision income taxes,304 Operating income Income tax adjustment,205 NOPAT,484,294 Average debt equity,955,055 ROIC."
}
{
    "_id": "HD20230447",
    "title": "",
    "text": "tax adjustment tax rate twelve months."
}
{
    "_id": "HD20230451",
    "title": "",
    "text": "January 28, 2024 $3. 8 billion cash equivalents $1. 0 billion foreign subsidiaries. current cash position commercial paper program long-term debt markets operating debt payments obligations dividend share repurchases. obtain alternative financing."
}
{
    "_id": "HD20230452",
    "title": "",
    "text": "cash requirements include obligations. long-term debt lease purchase. disciplined capital allocation. prioritizes investing dividends returning excess cash share repurchases. 2023 invested $3. 2 billion. invested $1. 5 billion three acquisitions strategic initiatives better capabilities."
}
{
    "_id": "HD20230453",
    "title": "",
    "text": "fiscal 2024 two percent net sales invest $3. billion $3. 5 billion capital new stores customer experience technology capabilities. adjust capital expenditures operations strategic positioning economic environment."
}
{
    "_id": "HD20230454",
    "title": "",
    "text": "2023 paid dividends $8. 4 billion. 2024. 7% quarterly dividend $2. 09 $2. 25 share. Board Directors earnings capital financial condition."
}
{
    "_id": "HD20230455",
    "title": "",
    "text": "August 2023 Board approved $15. billion repurchase. 2022. expiration date. January 28, 2024 $12. 3 billion. 2023 cash payments $8. billion common stock."
}
{
    "_id": "HD20230457",
    "title": "",
    "text": "commercial paper program $5. billion. back-up credit facilities $5. billion five-year $3. 5 billion July 2027 364-day $1. 5 billion July 2024. 364-day $1. billion maturity 2024. short borrowings maximum $1. 5 billion. January 28, 2024 no outstanding borrowings covenants liquidity capital resources."
}
{
    "_id": "HD20230458",
    "title": "",
    "text": "notes. 2023 issued $2. billion. proceeds repayment. 75% 2024 repurchases stock. April 2023 repaid $1. billion. January 2024 $42. 2 billion $1. billion payable 12 months. Future interest payments $23. 7 billion $1. billion 12 months."
}
{
    "_id": "HD20230459",
    "title": "",
    "text": "indentures senior notes limit indebtedness financial ratios net worth liquidity. covenants impact liquidity capital resources. Note 5 debt arrangements."
}
{
    "_id": "HD20230463",
    "title": "",
    "text": "leases real estate stores. January 28, 2024 lease obligations $14. 6 billion $1. 7 billion payable 12 months. $450 million leases. Note 3."
}
{
    "_id": "HD20230465",
    "title": "",
    "text": "Purchase obligations include contracts media software service. issue inventory orders cancellable. January 28, 2024 obligations $2. 5 billion $1. 0 billion payable 12 months."
}
{
    "_id": "HD20230466",
    "title": "",
    "text": "January 28, 2024 liabilities tax benefits $689 million $25 million paid 12 months. timing payment unknown. Note 6 statements."
}
{
    "_id": "HD20230467",
    "title": "",
    "text": "no material."
}
{
    "_id": "HD20230470",
    "title": "",
    "text": "Cash operations liquidity. from customers offset payments products services associate compensation operations occupancy costs income taxes. Cash working capital. variables seasonality inventory expansion timing vendor terms foreign exchange rates."
}
{
    "_id": "HD20230471",
    "title": "",
    "text": "Net cash increased $6. billion 2023 driven working capital net earnings. Changes lower inventory purchases timing vendor payments. Inventory normalized 2023 adjusted purchasing inventory."
}
{
    "_id": "HD20230475",
    "title": "",
    "text": "cash increased $1. 6 billion 2023 acquired businesses increased capital expenditures store growth. Note 13."
}
{
    "_id": "HD20230477",
    "title": "",
    "text": "cash 2023 $8. dividends. repurchases $1. billion repayments offset $2. billion proceeds."
}
{
    "_id": "HD20230478",
    "title": "",
    "text": "2022 $7. billion dividends $6. share repurchases $2. billion repayments $1. short $6. billion."
}
{
    "_id": "HD20230480",
    "title": "",
    "text": "consolidated financial statements GAAP estimates assumptions assets liabilities contingent revenues expenses. results differ."
}
{
    "_id": "HD20230481",
    "title": "",
    "text": "accounting policies Note 1 consolidated financial statements. discussion critical estimates financial condition results judgment estimates."
}
{
    "_id": "HD20230483",
    "title": "",
    "text": "value majority inventory retail remainder cost method first-in first-out. retail stated cost cost-to-retail ratio value."
}
{
    "_id": "HD20230484",
    "title": "",
    "text": "retail value inventory adjusted market conditions. approximates lower cost market. valuation retail inventory based markups markdowns inventory losses. uncertainty in inventory cost gross profit. markups markdowns demand customer preferences age merchandise weather conditions."
}
{
    "_id": "HD20230485",
    "title": "",
    "text": "calculate shrink inventory losses estimated losses. estimate shrink store-specific based recent shrink results. 10% increase shrink rate cost sales $104 million 2023. difference estimated losses not material annual financial results."
}
{
    "_id": "HD20230486",
    "title": "",
    "text": "believe change estimates assumptions inventory retail inventory method. provides valuation approximates cost inventory lower cost market."
}
{
    "_id": "HD20230488",
    "title": "",
    "text": "accounting policies pronouncements financial cash flows Note 1 consolidated financial statements."
}
{
    "_id": "HD20230493",
    "title": "",
    "text": "interest rate risk long-term debt. swap agreements fixed-rate debt trading speculative. January 28, 2024 floating-rate debt $5. 4 billion 13% senior notes portfolio. agreements liability $858 million. offset hedged long-term debt. percentage point increase annual interest expense $54 million."
}
{
    "_id": "HD20230494",
    "title": "",
    "text": "second quarter 2023 amended interest swap agreements LIBOR SOFR adopted ASU. 2020-04 Reform. hedge accounting financial statements."
}
{
    "_id": "HD20230496",
    "title": "",
    "text": "exposed risks currency exchange rate fluctuations operations. dollars purchase goods. use derivative instruments hedge risk trading speculative. hedging arrangements fiscal 2023 not."
}
{
    "_id": "HD20230498",
    "title": "",
    "text": "experience inflation deflation purchase sale commodity products. price volatility financial condition results operations. monitor adjust selling prices recover costs competitive environment. use derivative instruments risks."
}
{
    "_id": "HD20230508",
    "title": "",
    "text": "Independent Accounting Firm Balance Sheets Earnings Income Stockholders Equity Cash Flows"
}
{
    "_id": "HD20230528",
    "title": "",
    "text": "Depot. Consolidated Statements"
}
{
    "_id": "HD20230529",
    "title": "",
    "text": "audited consolidated balance sheets Home Depot Inc. subsidiaries Company January 28, 2024 29, 2023 statements earnings income stockholders’ equity cash flows notes. statements present financial position Company January 28, 2024 2023 results operations cash flows. S. accounting principles."
}
{
    "_id": "HD20230530",
    "title": "",
    "text": "audited Public Company Accounting Oversight Board control financial reporting January 28, 2024 Internal Control Integrated Framework (2013) report March 13, 2024 unqualified opinion."
}
{
    "_id": "HD20230532",
    "title": "",
    "text": "consolidated financial statements responsibility management. opinion audits. public accounting firm registered PCAOB independent. federal securities laws Securities Exchange Commission PCAOB."
}
{
    "_id": "HD20230533",
    "title": "",
    "text": "conducted audits standards PCAOB. standards require plan audit assurance consolidated financial statements free misstatement fraud. audits included risks misstatement. procedures included examining evidence amounts disclosures. accounting principles estimates management overall presentation. audits provide reasonable basis for opinion."
}
{
    "_id": "HD20230535",
    "title": "",
    "text": "critical audit matter is from current period audit of consolidated financial statements communicated to audit committee relates to accounts disclosures material challenging complex judgments. communication alter our opinion on financial statements not providing separate opinion."
}
{
    "_id": "HD20230537",
    "title": "",
    "text": "Note 1 financial statements Company’s U. S. merchandise inventories lower cost market retail inventory method based markups markdowns inventory losses. Shrink difference recorded physical. calculates shrink losses estimated losses. estimate shrink store-specific recent shrink results."
}
{
    "_id": "HD20230538",
    "title": "",
    "text": "identified estimation store shrink inventory fiscal year-end critical audit matter. estimation interim inventory loss. stores."
}
{
    "_id": "HD20230545",
    "title": "",
    "text": "primary procedures audit. evaluated design internal controls estimate store shrink. evaluated interim inventory counts estimate losses. retail stores fiscal year method assumptions current trend analysis sensitivity analysis shrink reserve estimate."
}
{
    "_id": "HD20230547",
    "title": "",
    "text": "served auditor."
}
{
    "_id": "HD20230552",
    "title": "",
    "text": "."
}
{
    "_id": "HD20230590",
    "title": "",
    "text": "millions 28, 2024 29, 2023 Cash,760,757 Receivables Merchandise inventories,886 assets,775,471 property equipment,154 lease Goodwill Other assets,262 Total Liabilities Equity Accounts payable,443 salaries expenses Sales taxes Deferred revenue Income taxes debt lease liabilities expenses,858,110-term debt,743,962 lease liabilities Deferred income taxes liabilities,486 Commitments contingencies Common stock.authorized 10,000 shares issued 1,796 1,794 2023 outstanding 992 1,016 Paid capital,147,592 earnings,656 loss Treasury stock 804 January 2024 2023,372,298 equity liabilities equity"
}
{
    "_id": "HD20230592",
    "title": "",
    "text": "consolidated."
}
{
    "_id": "HD20230595",
    "title": "",
    "text": "."
}
{
    "_id": "HD20230617",
    "title": "",
    "text": "millions share data Net sales,669,157 Cost sales,709,325 Gross profit,960,778,832 Operating expenses Selling administrative,598,284,406 Depreciation amortization,455,386 Total expenses,271,739,792 income,689,039 Interest expense expense,347,303 Earnings taxes,477,737,372,304 Net earnings,143,105,433 average shares earnings share. average shares earnings share."
}
{
    "_id": "HD20230619",
    "title": "",
    "text": "consolidated."
}
{
    "_id": "HD20230622",
    "title": "",
    "text": "."
}
{
    "_id": "HD20230632",
    "title": "",
    "text": "millions Net earnings,143,105,433 income net tax Foreign currency adjustments Cash flow hedges income net tax income,384,091,400"
}
{
    "_id": "HD20230634",
    "title": "",
    "text": "consolidated."
}
{
    "_id": "HD20230637",
    "title": "",
    "text": "."
}
{
    "_id": "HD20230666",
    "title": "",
    "text": "millions Common Stock Shares plans Paid-in Capital,592,132 Shares Stock compensation,147,592,132 Retained Earnings,134 Net earnings,143,105,433 Cash dividends(8,383)(7,789) end year,656 Comprehensive Loss(718) Foreign currency adjustments tax Cash flow hedges tax Treasury Stock(87,298)(80,794) Repurchases common stock(8,074)(6,504) end year(95,372)(87,298)(80,794 stockholders’ equity (deficit#1,044(1,696)"
}
{
    "_id": "HD20230668",
    "title": "",
    "text": "consolidated."
}
{
    "_id": "HD20230671",
    "title": "",
    "text": "."
}
{
    "_id": "HD20230710",
    "title": "",
    "text": "millions Cash Flows Operating Activities Net earnings,143,105,433 earnings cash Depreciation amortization,247,975 Stock compensation receivables inventories current assets accounts payable accrued expenses,577,401 deferred revenue income taxes deferred activities Net cash,172,571 Cash Investing Activities Capital expenditures,226) Payments businesses acquired investing activities Net cash Cash Flows Financing Activities short-term debt long-term debt,979 Repayments long debt Repurchases common stockProceeds sales common stock dividends(8,383)(7,789)(6,985) financing activities Net cash(15,443),993),120) cash equivalents(5,518) exchange rate changes(68)(34),757 end,760,757 Cash income taxes,023,435 interest Non capital expenditures"
}
{
    "_id": "HD20230712",
    "title": "",
    "text": "consolidated."
}
{
    "_id": "HD20230715",
    "title": "",
    "text": "."
}
{
    "_id": "HD20230719",
    "title": "",
    "text": "Home Depot Inc. subsidiaries home improvement retailer sells building home improvement lawn garden décor facilities maintenance operations stores online. services installation tool equipment rental. operate U. S. Canada Mexico."
}
{
    "_id": "HD20230721",
    "title": "",
    "text": "consolidated statements accounts subsidiaries. balances eliminated. fiscal year 52 53-week January 31st."
}
{
    "_id": "HD20230723",
    "title": "",
    "text": "made estimates assumptions reporting assets liabilities disclosure contingent revenues expenses preparing financial statements GAAP. results differ."
}
{
    "_id": "HD20230725",
    "title": "",
    "text": "equivalents liquid investments maturities three months."
}
{
    "_id": "HD20230733",
    "title": "",
    "text": "table receivables millions 28, 29, 2023 Card Rebate Customer Other net,328,317"
}
{
    "_id": "HD20230734",
    "title": "",
    "text": "Card receivables transactions. Rebate receivables vendors-op advertising rebates. Customer receivables credit customers. valuation allowance not material financial statements 2023 2022."
}
{
    "_id": "HD20230736",
    "title": "",
    "text": "Inventory cost includes freight import operating depreciation distribution net vendor allowances. majority merchandise inventories lower cost market determined retail inventory method based markups markdowns inventory losses. inventory retail value adjusted market conditions approximates lower cost market. Certain subsidiaries Canada Mexico distribution centers record inventories lower cost net value first-in first-out. represent 38% total. evaluate inventory quarter lower adjustments not material financial statements 2023 2022."
}
{
    "_id": "HD20230739",
    "title": "",
    "text": "Physical inventory store. Shrink swell difference between recorded inventory physical inventory count. calculate shrink inventory losses estimated inventory losses. estimate for shrink store-specific based on recent shrink results. difference estimated shrink losses not material to annual financial results."
}
{
    "_id": "HD20230741",
    "title": "",
    "text": "Buildings improvements furniture fixtures equipment recorded depreciated estimated lives. improvements leases amortized term useful life."
}
{
    "_id": "HD20230746",
    "title": "",
    "text": "table property equipment Buildings improvements 45 Furniture fixtures equipment 20 45"
}
{
    "_id": "HD20230747",
    "title": "",
    "text": "capitalize costs interest construction acquisition development software. Costs amortized estimated life three to seven years. costs expensed incurred."
}
{
    "_id": "HD20230748",
    "title": "",
    "text": "evaluate long-lived assets quarter for potential impairment. Indicators include losses history relocate close before life changes carrying. evaluation lowest cash individual store level. evaluated undiscounted future cash flows with carrying value. greater fair value impairment loss. less than impairment loss recognized difference. Impairment losses property equipment recorded SG&A. Impairment charges not material to financial statements in 2023 2022 2021."
}
{
    "_id": "HD20230750",
    "title": "",
    "text": "enter contractual arrangements non-owned assets evaluated as finance operating leases accounted. contract lease when contains identified asset obtain economic benefits asset direct asset contract. assess arrangement lease at inception contract."
}
{
    "_id": "HD20230751",
    "title": "",
    "text": "leases include retail locations warehouse office space equipment vehicles. majority one to 20 years. leases provide extend five-year terms some include early termination options. lease term right liability includes impacts options extend terminate. economic factors market conditions real estate strategies nature length terms agreement uncertainty condition leased equipment. renewal options certain lease term."
}
{
    "_id": "HD20230754",
    "title": "",
    "text": "discount rate value lease payments implicit lease. rarely secured incremental borrowing rate updated quarterly discount present value lease."
}
{
    "_id": "HD20230755",
    "title": "",
    "text": "Real estate taxes insurance maintenance operating expenses leased asset obligations lease agreements. payments fixed included liabilities variable excluded recognized obligation incurred. lease agreements include rental payments index rate percentage sales. variable payments apply active index lease commencement date. Variable payments not index recognized incurred."
}
{
    "_id": "HD20230756",
    "title": "",
    "text": "Leases twelve months less short-term. not balance expensed straight-line lease term. separate lease non-lease real estate equipment."
}
{
    "_id": "HD20230757",
    "title": "",
    "text": "agreements guarantees covenants."
}
{
    "_id": "HD20230759",
    "title": "",
    "text": "assets liabilities acquired businesses recorded fair values acquisition. excess purchase price over recorded goodwill. measurement period one year adjustments offset goodwill. adjustments recorded earnings."
}
{
    "_id": "HD20230761",
    "title": "",
    "text": "Goodwill excess purchase price over fair value assets. amortize assess recoverability third quarter fiscal year fair value unit supports carrying value. assess qualitative factors fair value less than carrying quantitative impairment assessments periodically."
}
{
    "_id": "HD20230762",
    "title": "",
    "text": "third quarter 2023 recoverability goodwill U. S. Canada Mexico quantitative approach. fair value discounted cash flow market-based approaches. fair value exceeded carrying value. no impairment charges 2023 2022 2021. Additional information Note 4."
}
{
    "_id": "HD20230764",
    "title": "",
    "text": "Intangible assets goodwill in consolidated balance sheets. amortize cost-lived assets over estimated lives 20 years economic benefit. evaluate assets for impairment recoverable. tested third quarter fiscal year for impairment indicators."
}
{
    "_id": "HD20230765",
    "title": "",
    "text": "third quarter 2023 assessment recoverability indefinite-lived intangible assets no losses. losses 2023 2022 2021. Additional information Note 4."
}
{
    "_id": "HD20230769",
    "title": "",
    "text": "supplier finance program payment processing agreements with financial institutions. financial institutions paying agents accounts suppliers. suppliers receive payment obligations discounted price. not party to agreements rights obligations not impacted. reimburse suppliers costs. pledged assets provided guarantees. no economic interest in suppliers’ decisions. responsibility limited to payment financial institution terms negotiated supplier regardless early payment."
}
{
    "_id": "HD20230770",
    "title": "",
    "text": "payment terms consistent. current terms 30 to 60 days commercially reasonable. outstanding obligations finance $514 million January 28, 2024 $480 million January 29, 2023 recorded balance sheets. payments."
}
{
    "_id": "HD20230772",
    "title": "",
    "text": "record premiums discounts long-term debt value senior notes. debt issuance costs. Premium discount debt costs amortized over term notes interest rate method."
}
{
    "_id": "HD20230774",
    "title": "",
    "text": "use derivative instruments interest rate long-term debt foreign currency fluctuations. enter risk management trading speculative. recognized fair values assets liabilities balance sheet classified current non-current maturity. fair value consolidated balance sheets."
}
{
    "_id": "HD20230775",
    "title": "",
    "text": "values instruments cash flow investment hedges recognized income until recognized earnings sale liquidation. Changes value hedges offsetting changes hedged item recognized earnings. record gains losses same hedged item."
}
{
    "_id": "HD20230776",
    "title": "",
    "text": "flows settlement instruments statements same hedged item."
}
{
    "_id": "HD20230778",
    "title": "",
    "text": "self-insured losses liability workers’ compensation medical automobile claims. expected ultimate cost liability. estimated historical data actuarial estimates. maintain cybersecurity privacy insurance losses data property loss. self-insurance liabilities $1. 4 billion January 28, 2024 $1. 3 billion January 29, 2023."
}
{
    "_id": "HD20230782",
    "title": "",
    "text": "Treasury stock stockholders’ equity cost. weighted average purchase cost reissued. Excise taxes repurchases direct costs recorded cost."
}
{
    "_id": "HD20230784",
    "title": "",
    "text": "recognize revenue returns sales tax customer service. liability returns estimated historical future returns. recognize return asset cost recover goods returned carrying amount less recovery cost. assess refund liabilities return assets."
}
{
    "_id": "HD20230785",
    "title": "",
    "text": "Services revenue installation home maintenance professional service programs. customer selects purchases material provide installation. programs offered stores online in-home sales. subcontractor material labor included in revenue. recognize revenue when service complete revenue service period one week."
}
{
    "_id": "HD20230786",
    "title": "",
    "text": "products services payment due sale. deferred revenue until. obligations contracts three months. January 28, 2024 January 29, 2023 deferred revenue $1. 7 billion $2. 0 billion."
}
{
    "_id": "HD20230787",
    "title": "",
    "text": "record deferred revenue redemption six months issuance. January 28, 2024 2023 obligations unredeemed gift cards $1. 1 billion. breakage income recognized sales immaterial 2023 2022 2021."
}
{
    "_id": "HD20230788",
    "title": "",
    "text": "agreements with third-party providers extend credit manage PLCC program own receivables. evaluated consolidated. agreement with primary PLCC expires 2028 option to purchase existing receivables. Deferred interest interchange fees profit sharing included in net sales."
}
{
    "_id": "HD20230790",
    "title": "",
    "text": "Cost sales includes merchandise sold services performed transportation shipping handling costs operating cost depreciation distribution network. Vendor allowances not costs included."
}
{
    "_id": "HD20230792",
    "title": "",
    "text": "Vendor allowances volume rebates purchase levels co-op advertising products guaranteed minimum additional attaining purchase levels. accrued earned incentive period year estimates. Volume rebates co-op advertising reduce carrying cost inventory recognized sales inventory sold."
}
{
    "_id": "HD20230796",
    "title": "",
    "text": "Selling administrative expenses compensation associates occupancy costs insurance advertising credit fees costs."
}
{
    "_id": "HD20230798",
    "title": "",
    "text": "costs digital television radio print expensed advertisement. co-op advertising allowances expense. Net expense SG&A $1. billion. billion 2023 2022 2021."
}
{
    "_id": "HD20230800",
    "title": "",
    "text": "authorized issue stock options appreciation rights restricted stock units performance shares deferred shares associates directors incentive plans. measure recognize compensation expense awards estimated values. expected recognized compensation expense restrictions. include estimated forfeitures. Additional information Note 9."
}
{
    "_id": "HD20230802",
    "title": "",
    "text": "Income taxes asset liability method. federal state foreign taxes payable deferred differences. Deferred tax assets liabilities recognized future tax consequences differences financial assets liabilities tax bases. measured enacted income tax rates taxable income. change tax rates recognized as income expense enactment date. evaluate likelihood realizing benefit deferred tax record valuation allowance tax benefit."
}
{
    "_id": "HD20230803",
    "title": "",
    "text": "recognize effect income tax positions likely. Recognized positions measured largest amount 50%. Changes recognition measurement reflected."
}
{
    "_id": "HD20230804",
    "title": "",
    "text": "recognize interest penalties income tax expense SG&A consolidated statements. expenses long-term liabilities balance sheets."
}
{
    "_id": "HD20230805",
    "title": "",
    "text": "file consolidated. tax return eligible subsidiaries. Non-U. not eligible. Separate provisions taxes determined. unremitted earnings non. subsidiaries assertion reinvestment repatriation tax. provision deferred income taxes. permanent reinvestment assertion no provision recognized. See Note 6."
}
{
    "_id": "HD20230806",
    "title": "",
    "text": "subject global low-taxed incremental foreign income. accounting election tax."
}
{
    "_id": "HD20230810",
    "title": "",
    "text": "income earnings adjusted gains losses foreign currency translation adjustments. cash flow hedges immaterial January 28, 2024 2023. Reclassifications earnings immaterial 2023 2022 2021."
}
{
    "_id": "HD20230812",
    "title": "",
    "text": "Assets liabilities foreign translated. dollars last day. Revenues expenses average rates equity transactions rate. adjustments January 28, 2024 29, 2023 $365 million $597 million."
}
{
    "_id": "HD20230814",
    "title": "",
    "text": "ASU. 2022-04. 2022 FASB issued. 2022-04 Finance Programs Disclosure Obligations transparency supplier finance programs. requires disclose terms payment terms amount outstanding obligations balance annual rollforward paid. affect financial presentation obligations finance programs. effective fiscal years December 15, 2022 rollforward December 15, 2023. January 30, 2023 adopted ASU. 2022-04 no impact financial condition cash flows."
}
{
    "_id": "HD20230815",
    "title": "",
    "text": ". 2020-04. 2020 FASB issued. Rate Reform Financial Reporting expedients exceptions GAAP contracts hedging relationships transactions criteria. expedients exceptions apply contracts LIBOR. effective March 12, 2020 contract modifications hedging relationships interim 12 2020. amended ASU. 2022-06 Reform Deferral Sunset Date Topic 848 effective December 2022 extended relief December 31, 2024."
}
{
    "_id": "HD20230816",
    "title": "",
    "text": "second quarter 2023 amended fixed-variable interest rate swap agreements value variable LIBOR SOFR. elected optional expedients Topic 848 fair value hedge accounting shortcut method. financial condition results cash flows."
}
{
    "_id": "HD20230818",
    "title": "",
    "text": ". 2023-07. 2023 FASB issued. 2023-07 Reporting Improvements Segment Disclosures segment disclosure requirements expenses. public entities single segment. effective fiscal years December 2023 December 15 2024 early permitted. retrospective evaluating impact consolidated financial statement disclosures."
}
{
    "_id": "HD20230821",
    "title": "",
    "text": "ASU. 2023-09. 2023 FASB issued.-09 Improvements Disclosures tax rate reconciliation taxes jurisdiction. effective December 15 2024. retrospectively. Early adoption permitted. evaluating impact consolidated financial statement disclosures."
}
{
    "_id": "HD20230822",
    "title": "",
    "text": "accounting pronouncements not applicable impact financial condition results cash flows."
}
{
    "_id": "HD20230824",
    "title": "",
    "text": "conduct retail operations U. S. Canada Mexico three segments. financial information reviewed President Chief Executive Officer performance resources. aggregate three segments one similar operations economic characteristics."
}
{
    "_id": "HD20230829",
    "title": "",
    "text": "table presents property equipment classified geography millions 28, 2024 29, 2023 30 2022 U.,347,696 outside.,154,199"
}
{
    "_id": "HD20230830",
    "title": "",
    "text": "sales 10% revenue last three years."
}
{
    "_id": "HD20230836",
    "title": "",
    "text": "table presents net sales classified geography millions U. S.#140,083#138,920 outside.,586,563,237,669,157"
}
{
    "_id": "HD20230842",
    "title": "",
    "text": "table presents net sales products services millions sales products,835#151,804,745 services,412,669,157"
}
{
    "_id": "HD20230847",
    "title": "",
    "text": "table product lines merchandising departments Building Materials Electrical Lumber Millwork Plumbing Décor Flooring Kitchen Paint Tools"
}
{
    "_id": "HD20230856",
    "title": "",
    "text": "table sales product line millions Building Materials,039,990 Décor,295,437 Hardlines,335,548 Net sales,669,157"
}
{
    "_id": "HD20230875",
    "title": "",
    "text": "table presents net sales by merchandising department related services): dollars in millions Sales Appliances,863.,461.,232 Building Materials.,298. Décor/Storage.,357. Electrical/Lighting.,746. Flooring####8,754.,222.,225 Hardware. Indoor Garden.,990.,546. Kitchen and Bath,593.,102.,432 Lumber####11,731.,460.,344. Millwork,301.,423. Outdoor Garden,278.,317.,073.,180.,453.####8.,606.,938.,167####8.,376####7.,994####7.#152,669####100.#157,403####100.,157."
}
{
    "_id": "HD20230890",
    "title": "",
    "text": "table property equipment millions 28, 2024 2023 Land,027 Buildings,030,430 Furniture improvements Construction Finance leases,257,275 depreciation amortization,103,644 property equipment,154"
}
{
    "_id": "HD20230896",
    "title": "",
    "text": "table depreciation finance lease amortization expense cost sales millions Depreciation lease expense,756"
}
{
    "_id": "HD20230911",
    "title": "",
    "text": "table consolidated balance sheet classification operating finance leases millions 28, 2024 29, 2023 Assets Operating lease right-of-use Finance property equipment Total lease,724 Liabilities Finance long debt Long-term,082,226-term debt Total lease liabilities,400,456"
}
{
    "_id": "HD20230913",
    "title": "",
    "text": "lease amortization. billion January 28, 2023."
}
{
    "_id": "HD20230921",
    "title": "",
    "text": "table lease cost excluding short sublease income Statement Earnings lease cost general administrative Finance Amortization amortization Interest lease liabilities expense Variable lease cost administrative"
}
{
    "_id": "HD20230923",
    "title": "",
    "text": "sourcing distribution network sales finance lease liabilities."
}
{
    "_id": "HD20230931",
    "title": "",
    "text": "table lease terms discount rates 28, 2024 29, 2023 Lease Term Operating Finance leases Discount Rate. Finance."
}
{
    "_id": "HD20230944",
    "title": "",
    "text": "table payments leases January 28, 2024 millions 2024,325 2025,342 2026 2027 2028,251 lease payments,071,045 interest lease liabilities,268"
}
{
    "_id": "HD20230956",
    "title": "",
    "text": "table presents cash flow leases millions Cash paid lease liabilities Operating cash flows leases,328,157 leases leases non-cash information Lease assets operating lease liabilities finance lease liabilities####336"
}
{
    "_id": "HD20230965",
    "title": "",
    "text": "table changes goodwill millions balance year#7,444#7,449 Acquisitions Other balance end year#8,455#7,444"
}
{
    "_id": "HD20230967",
    "title": "",
    "text": "2023 determination goodwill acquisitions. Note 13."
}
{
    "_id": "HD20230968",
    "title": "",
    "text": "Reflects currency."
}
{
    "_id": "HD20230981",
    "title": "",
    "text": "table presents intangible assets balance sheets 28, 2024 29, 2023 millions Definite-Lived Intangible Assets Customer relationships#3,425,755#2,539 Trade names Indefinite-Lived Intangible Assets Trade names Total Intangible Assets#4,313(707,606,846"
}
{
    "_id": "HD20230983",
    "title": "",
    "text": "allocation value assets acquisitions 2023. Note 13."
}
{
    "_id": "HD20230984",
    "title": "",
    "text": "intangible asset 2023 2021."
}
{
    "_id": "HD20230993",
    "title": "",
    "text": "table amortization expense-lived assets January 2024 millions 2024 2025 2026 2027 2028,957"
}
{
    "_id": "HD20230996",
    "title": "",
    "text": "commercial paper program $5. billion. back-up facilities $5. billion five-year $3. 5 billion July 2027 364-day $1. 5 billion July 2024. 364-day $1. billion 2024. short borrowings 2022. January 28, 2024 no outstanding borrowings."
}
{
    "_id": "HD20231001",
    "title": "",
    "text": "table borrowings commercial paper program 2023 2022 millions Maximum,745 daily short-term borrowings"
}
{
    "_id": "HD20231051",
    "title": "",
    "text": "table presents long-term debt Amount millions Payable Amount 28, 29, 2023. 70% notes April 2023. 75% February 2024. 70% April 2025. 125% April 2025. 35% September 2025 4. September 2025####749######748 3. April 2026. 125% September 2026. 95% September 2026. 875% April 2027. 50% April. 80%. 90% March 2028. 50% September 2028####994######993. 90% December 2028. 90% April 2029.95% June 2029. 70% April 2030,500,347. 375% March 2031,167######1,170. 875% September 2031. 25% April 2032. 50% September 2032. 875% December 2036. 30% April 2040. 40% September 2040. 95% April 2041. 20% April 2043####927######939. 875% February 2044. 40% March 2045. 25% April 2046,600. 90% June 2047,144. 50% December 2048. 125% December 2049,178. 35% April 2050,500.March 2051-annually. 75% September 2051. 625% April 2052-annually. 95% September 2052. 50% September 2056,150,843 Finance lease obligations installments April 30 2076,268,285 long debt,193 current installments installments,743,962"
}
{
    "_id": "HD20231053",
    "title": "",
    "text": "discounts premiums debt hedges."
}
{
    "_id": "HD20231060",
    "title": "",
    "text": "2023. issued three tranches senior. first $500 million. 125% April 2025 discount. 3 million. April October. second tranche $750 million. 95% September 30 2026 $1. 6 million. third tranche $750 million. 90% April 15 2029 $3. 4 million. April October 15. costs $7 million."
}
{
    "_id": "HD20231061",
    "title": "",
    "text": ". April 2023 repaid. maturity"
}
{
    "_id": "HD20231062",
    "title": "",
    "text": "Redemption. senior notes redeemed redemption price plus accrued interest. 5. 875% 2036 5. 125% 2025 redemption price equal 100% principal or present values remaining payments principal interest due after redemption date. other notes Par Call Date redemption price equal 100% principal or present values remaining payments. after Par Call Date redemption price equal 100% principal. Change Control Triggering Event holders require redeem 101% principal amount plus accrued interest."
}
{
    "_id": "HD20231063",
    "title": "",
    "text": "indentures limit indebtedness financial ratios net worth liquidity. covenants none impact liquidity capital resources."
}
{
    "_id": "HD20231072",
    "title": "",
    "text": "Debt. debt maturities leases January 2024 millions 2024,100 2025,750 2026 2027 2028,150"
}
{
    "_id": "HD20231074",
    "title": "",
    "text": "use derivative instruments foreign currency rates interest rates debt. objective decrease volatility cash flows minimize risk value senior notes."
}
{
    "_id": "HD20231075",
    "title": "",
    "text": "Value Hedges. interest rate swap agreements $5. 4 billion January 28, 2024 2023. value hedges interest senior notes. $858 million $778 million recognized long-term liabilities balance."
}
{
    "_id": "HD20231076",
    "title": "",
    "text": "interest rate swap value hedges meet GAAP. offset hedged long-term debt."
}
{
    "_id": "HD20231079",
    "title": "",
    "text": "quarter 2023 amended swap agreements LIBOR SOFR adopted expedients Topic 848. hedge accounting financial statements. Note 1."
}
{
    "_id": "HD20231080",
    "title": "",
    "text": "Cash Flow Hedges. January 28, 2024 29, 2023 foreign currency contracts cash flow hedges cash. notional amounts fair values material. gains losses 2023 2022 2021."
}
{
    "_id": "HD20231081",
    "title": "",
    "text": "settled interest rate swap agreements variability future interest payments debt. Unamortized losses cash flow hedges amortized interest expense. losses immaterial January 28, 2024 29, 2023 2023 2022 2021."
}
{
    "_id": "HD20231082",
    "title": "",
    "text": "immaterial loss January 2024 earnings 12 months."
}
{
    "_id": "HD20231083",
    "title": "",
    "text": ". master netting arrangements credit risk net settlement counterparty. collateral security arrangements value derivative instruments thresholds. cash collateral $714 million $634 million January 28, 2024 29, 2023 recorded. cash collateral January 28, 2024 29, 2023."
}
{
    "_id": "HD20231091",
    "title": "",
    "text": "table presents earnings before taxes millions United States,681,990,320 Foreign Total,477,737"
}
{
    "_id": "HD20231105",
    "title": "",
    "text": "table income taxes millions Federal,764,066 State Foreign Total current,011,234 Deferred Federal State Foreign deferred Provision income taxes#4,781,372,304"
}
{
    "_id": "HD20231111",
    "title": "",
    "text": "table presents combined federal state foreign tax rates tax rates.#24. 4"
}
{
    "_id": "HD20231118",
    "title": "",
    "text": "table income taxes federal 21% tax expense millions taxes federal rate,184 State taxes net federal tax benefit Total#4,781,372,304"
}
{
    "_id": "HD20231119",
    "title": "",
    "text": "August 16 2022 Inflation Reduction Act enacted law. 15% tax income. no impact tax rate 15%."
}
{
    "_id": "HD20231120",
    "title": "",
    "text": "end 2023 Economic published rules global minimum tax framework base erosion profit shifting pillar two project governments enacted. states BEPS Pillar Two global minimum tax 15% years 2024. OECD guidance includes transition safe harbor rules BEPS Pillar Two. monitoring evaluating impacts tax rate impact."
}
{
    "_id": "HD20231146",
    "title": "",
    "text": "table tax differences deferred assets liabilities 28, 2024 2023 Deferred compensation self-insurance liabilities taxes Merchandise inventories Non reserves losses Lease liabilities Deferred revenue deferred tax assets,658 Valuation allowance Property equipment Goodwill intangibles Lease-use Tax unremitted earnings deferred tax liabilities"
}
{
    "_id": "HD20231151",
    "title": "",
    "text": "table noncurrent deferred tax assets liabilities jurisdiction balance sheets 28, 2024 29, 2023 Deferred tax assets Deferred liabilities liabilities"
}
{
    "_id": "HD20231152",
    "title": "",
    "text": "January 28, 2024 recorded deferred tax assets $99 million losses $69 million tax credits state jurisdictions. losses credits expire 2024 2025. concluded likely tax benefits losses. tax credits expiration valuation allowance recorded credits. change valuation allowance fiscal 2023."
}
{
    "_id": "HD20231156",
    "title": "",
    "text": "current year foreign cash earnings not reinvested offshore. tax consolidated statements. intent reinvest $4. 8 billion non-cash earnings non-U. S. subsidiaries indefinitely. no provision state taxes statements. impracticable determine unrecognized deferred tax liabilities reinvested earnings hypothetical calculation."
}
{
    "_id": "HD20231158",
    "title": "",
    "text": "income tax returns examined by. federal state foreign tax authorities. federal returns 2010 2021 2015, IRS. 2010 IRS adjustment transfer pricing. China resolved 2023 no impact financial condition cash flows. ongoing U. state local foreign audits 2013 through 2021. financial condition cash flows."
}
{
    "_id": "HD20231159",
    "title": "",
    "text": "next twelve months resolution federal state tax examinations expiration statutes limitations reduce tax benefits. anticipate financial condition results."
}
{
    "_id": "HD20231170",
    "title": "",
    "text": "table reconciles unrecognized tax benefits millions tax benefits balance fiscal year#643#570 Additions tax positions current Additions prior years Reductions Reductions settlements Reductions statute limitations balance end fiscal year#643#570"
}
{
    "_id": "HD20231171",
    "title": "",
    "text": "tax benefits $568 $537 $479 million January 28, 2024 2023 2022."
}
{
    "_id": "HD20231173",
    "title": "",
    "text": "adjustments penalties immaterial 2022 2021. accrued interest penalties immaterial January 2024 2023."
}
{
    "_id": "HD20231190",
    "title": "",
    "text": "table common stock cash dividends share millions Common stock year,789 employee stock plans end year Treasury stock year(778)(757) Repurchases common stock(21)(45) end year(804)(778)(757) Cash dividends per share."
}
{
    "_id": "HD20231192",
    "title": "",
    "text": "August 2023 Board approved $15. billion repurchase. 2022. expiration date. January 28, 2024 $12. 3 billion. available"
}
{
    "_id": "HD20231197",
    "title": "",
    "text": "table repurchases common stock open market purchases millions shares repurchased cost#8,074#6,504,001"
}
{
    "_id": "HD20231198",
    "title": "",
    "text": "cost shares repurchased differ common stock due unsettled repurchases excise taxes."
}
{
    "_id": "HD20231203",
    "title": "",
    "text": "fair value asset price sold in transaction between unrelated parties. fair value defined amount transfer to new obligor with creditor. Assets liabilities fair value measured three-tier fair value hierarchy prioritizes inputs. levels 1: observable inputs quoted prices 2: inputs 3: unobservable inputs little no market data management judgment develop models."
}
{
    "_id": "HD20231206",
    "title": "",
    "text": "Liabilities Measured Recurring"
}
{
    "_id": "HD20231212",
    "title": "",
    "text": "table presents assets liabilities fair value 28, 2024 29, 2023 millions Value Derivative agreements assets liabilities"
}
{
    "_id": "HD20231213",
    "title": "",
    "text": "values derivative income Level 2 inputs interest curves discount rates. Note 5."
}
{
    "_id": "HD20231214",
    "title": "",
    "text": "Liabilities Measured Nonrecurring"
}
{
    "_id": "HD20231215",
    "title": "",
    "text": "Long-lived intangible subject nonrecurring value impairment. material assets liabilities measured 2023 2022 2021."
}
{
    "_id": "HD20231217",
    "title": "",
    "text": "equivalents receivables accounts value short-term."
}
{
    "_id": "HD20231221",
    "title": "",
    "text": "table presents senior notes 28, 2024 29, 2023 millions Value Senior notes,495,843,537"
}
{
    "_id": "HD20231224",
    "title": "",
    "text": "Home Depot. Omnibus Stock Incentive Plan 2022. 1997 Omnibus Plan incentive stock options appreciation rights restricted stock units performance shares deferred shares awards associates non directors. maximum common stock 80 million shares 10 million awards May 19, 2022 returned terminated cancelled forfeited. 11. January 28, 2024 77 million shares future grants Omnibus Plan. No additional equity awards after May 26, 2005."
}
{
    "_id": "HD20231230",
    "title": "",
    "text": "table presents stock-based compensation expense forfeitures ESPPs income tax benefit millions Pre-tax expense Income tax benefit After-tax"
}
{
    "_id": "HD20231231",
    "title": "",
    "text": "January 28, 2024 $454 million unrecognized two years."
}
{
    "_id": "HD20231234",
    "title": "",
    "text": "award types Plans"
}
{
    "_id": "HD20231235",
    "title": "",
    "text": "Stock Options. incentive nonqualified exercise price above fair market. nonqualified vest 25% per year second expire tenth anniversary. majority options non-forfeitable 60 five years service. No incentive Omnibus Plan."
}
{
    "_id": "HD20231236",
    "title": "",
    "text": "estimate fair value stock option awards grant Black-Scholes option-pricing model. affected stock price assumptions variables."
}
{
    "_id": "HD20231244",
    "title": "",
    "text": "table presents per share value stock options granted assumptions determining date grant Black-Scholes option-pricing model share average fair value. Risk-free interest rate. volatility. dividend yield. lives options"
}
{
    "_id": "HD20231251",
    "title": "",
    "text": "table stock option activity price 2023 Shares Exercise Price,626. 66 Granted. 85 Exercised. 96 Forfeited####275. 93. 97"
}
{
    "_id": "HD20231255",
    "title": "",
    "text": "table presents value stock options millions value stock options#152#61#237"
}
{
    "_id": "HD20231259",
    "title": "",
    "text": "table stock options January 28, 2024 shares millions Value Average Exercise Price. 6 years. Exercisable,102. 2 years."
}
{
    "_id": "HD20231260",
    "title": "",
    "text": "common stock option authorized unissued treasury."
}
{
    "_id": "HD20231261",
    "title": "",
    "text": "Restricted Stock Performance Share Awards. Restrictions lapse five years. recipients voting rights receive dividends unvested paid cash. Dividends immaterial 2023 2022 2021. awards non-forfeitable age 60 five years service."
}
{
    "_id": "HD20231264",
    "title": "",
    "text": "granted performance share awards Plans. issuance common stock three-year performance cycle ROIC profit. non-forfeitable age 60 five years service performance targets achieved. Recipients no voting rights shares issued performance period. Dividend equivalents accrue paid shares earned. fair value stock shares closing stock price expensed restrictions."
}
{
    "_id": "HD20231265",
    "title": "",
    "text": "Restricted Stock Units. entitles associate share common stock five years after grant. awards non-forfeitable 60 five years service. Recipients no voting rights until vesting. receive dividend equivalents paid additional shares vesting. fair value closing stock price expensed."
}
{
    "_id": "HD20231272",
    "title": "",
    "text": "table restricted stock 2023 Average Grant Date Nonvested,359. 66 Granted. 63 Vested. 72 Forfeited. 20 Nonvested,386."
}
{
    "_id": "HD20231276",
    "title": "",
    "text": "table presents value restricted stock shares units millions value vested#412"
}
{
    "_id": "HD20231277",
    "title": "",
    "text": "Deferred Shares. grant non-employee directors. entitles one share common stock Board service. Recipients no voting rights receive dividend equivalents paid additional shares. fair value closing stock price expensed."
}
{
    "_id": "HD20231281",
    "title": "",
    "text": "table deferred shares non-employee directors Deferred shares directors"
}
{
    "_id": "HD20231283",
    "title": "",
    "text": "maintain two ESPPs. non. tax-qualified Section 423 Internal Revenue Code. non. not Section 423. January 28, 2024 15 million shares. 18 million non. purchase 85% fair market value last 30. 2023 1 million shares purchased average $277. January 2024 associates contributed $22 million 85% fair market value June 30 2024."
}
{
    "_id": "HD20231287",
    "title": "",
    "text": "maintain retirement plans associates. associates eligible participate. make cash contributions percentages approved Board Directors."
}
{
    "_id": "HD20231288",
    "title": "",
    "text": "maintain Restoration Plans deferred compensation maximum limits Internal Revenue Code. fund Plans grantor trusts purchase common stock open market."
}
{
    "_id": "HD20231292",
    "title": "",
    "text": "table presents contributions Benefit Plans Restoration Plans millions Contributions#293#280#278"
}
{
    "_id": "HD20231293",
    "title": "",
    "text": "January 28, 2024 Benefit Restoration held. million stock."
}
{
    "_id": "HD20231301",
    "title": "",
    "text": "table diluted shares anti-dilutive securities excluded millions Basic shares#1,022#1,054 dilutive securities Diluted shares#1,025#1,058 Anti-dilutive securities excluded diluted"
}
{
    "_id": "HD20231303",
    "title": "",
    "text": "dilutive awards."
}
{
    "_id": "HD20231305",
    "title": "",
    "text": "January 28, 2024 letters credit $598 million insurance."
}
{
    "_id": "HD20231306",
    "title": "",
    "text": "involved litigation normal business. not adverse financial condition results operations cash flows."
}
{
    "_id": "HD20231308",
    "title": "",
    "text": "2023 completed three acquisitions $1. 5 billion. recognized intangible assets $469 million amortization 17 years customer relationships goodwill $998 million. operational synergies growth strategy workforce. goodwill deductible. tax not material."
}
{
    "_id": "HD20231311",
    "title": "",
    "text": "completed preliminary valuation analyses values assets acquired liabilities assumed goodwill acquisition dates. based estimates assumptions amounts preliminary subject adjustment additional information. adjustments assets liabilities intangible assets estimated useful lives. final determination values income tax impacts completed one year from acquisition dates. adjustments provisional amounts recorded reporting period."
}
{
    "_id": "HD20231312",
    "title": "",
    "text": "sales earnings fiscal 2023 acquisitions dates immaterial. forma results operations different not presented."
}
{
    "_id": "HD20231313",
    "title": "",
    "text": "Disagreements Financial Disclosure"
}
{
    "_id": "HD20231314",
    "title": "",
    "text": "."
}
{
    "_id": "HD20231317",
    "title": "",
    "text": "maintain disclosure controls procedures Rule 13a-15(e) Exchange Act information recorded processed summarized reported rules forms accumulated communicated management Chief Financial Officer decisions."
}
{
    "_id": "HD20231318",
    "title": "",
    "text": "Management Chief Executive Financial Officer evaluated disclosure controls procedures end period report. Chief Executive Financial concluded disclosure controls procedures effective."
}
{
    "_id": "HD20231320",
    "title": "",
    "text": "management responsible internal control financial reporting Rule 13a-15(f) Exchange Act. evaluation internal control January 28, 2024 Internal Control – Integrated Framework (2013) Committee Sponsoring Organizations Treadway Commission. concluded control effective 2024 assurance reliability reporting preparation financial statements GAAP."
}
{
    "_id": "HD20231321",
    "title": "",
    "text": "control financial reporting January 28, 2024 audited KPMG LLP report."
}
{
    "_id": "HD20231323",
    "title": "",
    "text": "business transformation initiative upgrading migrating accounting finance systems. plan migrate processes next years modified internal control processes."
}
{
    "_id": "HD20231324",
    "title": "",
    "text": "no other changes in financial reporting fiscal quarter ended January 28, 2024 affected."
}
{
    "_id": "HD20231330",
    "title": "",
    "text": "Home Depot. Financial"
}
{
    "_id": "HD20231331",
    "title": "",
    "text": "audited Home Depot Inc. subsidiaries Company internal control financial reporting January 28, 2024 criteria Internal Control – Integrated Framework (2013) Committee. Company maintained effective internal control 2024."
}
{
    "_id": "HD20231332",
    "title": "",
    "text": "audited Public Company Accounting Oversight Board consolidated balance sheets January 28, 2024 2023 earnings income stockholders’ equity cash flows 2024 notes report March 13, 2024 unqualified opinion."
}
{
    "_id": "HD20231334",
    "title": "",
    "text": "management responsible internal control financial reporting assessment Report. responsibility opinion control based audit. public accounting firm registered PCAOB independent U. S. federal securities laws rules Securities and Exchange Commission PCAOB."
}
{
    "_id": "HD20231335",
    "title": "",
    "text": "conducted audit standards PCAOB. standards require plan assurance effective internal control financial reporting. audit included understanding risk material weakness testing design operating effectiveness. included other procedures necessary. audit provides basis for opinion."
}
{
    "_id": "HD20231337",
    "title": "",
    "text": "internal control over financial reporting assurance reliability financial reporting preparation financial statements for accounting principles. includes policies procedures maintenance records transactions dispositions assets assurance transactions recorded necessary preparation financial statements receipts expenditures with authorizations management directors assurance prevention of unauthorized acquisition use disposition assets financial statements."
}
{
    "_id": "HD20231338",
    "title": "",
    "text": "limitations internal control financial reporting prevent misstatements. projections effectiveness future risk controls compliance policies deteriorate."
}
{
    "_id": "HD20231345",
    "title": "",
    "text": "fiscal quarter January 28, 2024 director adopted terminated 10b5-1-Rule 10b5-1 Regulation."
}
{
    "_id": "HD20231347",
    "title": "",
    "text": "."
}
{
    "_id": "HD20231349",
    "title": "",
    "text": "item executive officers incorporated sections Directors Governance Committee Proxy Statement 2024 Annual Meeting Shareholders."
}
{
    "_id": "HD20231350",
    "title": "",
    "text": "Executive officers appointed serve Board of Directors."
}
{
    "_id": "HD20231351",
    "title": "",
    "text": ". BASTEK Executive Vice President Merchandising 2023. Senior Vice President Merchandising hardware garden. Merchandising Vice President 2013 2019. 1989 HD Supply acquired 1997. Global Merchant Senior Merchant Divisional Merchandise Manager Vice President building materials."
}
{
    "_id": "HD20231352",
    "title": "",
    "text": "ANN-MARIE CAMPBELL 58 Senior Executive Vice President November 2023. U. S. Stores International Operations 2016. Division President Southern Division December 2005 Vice President Vendor Services. Home Depot 1985 cashier vice president operations merchandising marketing. director Workday. financial capital software vendor."
}
{
    "_id": "HD20231353",
    "title": "",
    "text": "MATTHEW. CAREY Executive Vice President April 2022. September 2008 April 2022. Senior Vice President eBay. Wal-Mart Stores. June 1985 December 2005. Senior Vice President Officer. director Chipotle Mexican Grill. operates restaurants."
}
{
    "_id": "HD20231354",
    "title": "",
    "text": "JOHN 50 Executive Vice President Supply Chain Product Development November 2021. April Senior Vice Operations Supply Chain July Brand Product Development April 2007 June Supply Chain."
}
{
    "_id": "HD20231355",
    "title": "",
    "text": "EDWARD. DECKER 61 Chair October 2022 President March 2022. 2022. August 2014 Executive Vice President Merchandising Senior Vice President Retail Finance Pricing Analytics Assortment Planning. Home Depot 2000 Vice President November 2002 April 2006 Senior Vice President Asset Development 2006. treasury Kimberly-Clark. Scott Paper. consumer."
}
{
    "_id": "HD20231358",
    "title": "",
    "text": ". HOURIGAN 67 Executive Vice President Human Resources June 2017. Division President Southern Division. Vice President Resources. Stores Operations 2013 Compensation Benefits 2007 Human Resources July 2002 2007."
}
{
    "_id": "HD20231359",
    "title": "",
    "text": ". McPHAIL Vice President Chief Financial Officer 2019. Senior Vice President Finance reporting planning treasury payments tax operations. 2017 Senior Vice President. Retail finance business development. Senior Vice President Global&A Strategy Business 2013 2014 Vice President Strategic Business director Strategic Business 2005 2007. vice president Marconi Corporation. Wachovia Securities Arthur Andersen."
}
{
    "_id": "HD20231360",
    "title": "",
    "text": "49 Vice President. Stores Operations November 2023. Outside Sales 2021 2023 Division President Southern Division June 2017 2021 Senior Vice President Operations November 2014 2017. Home Depot 1994 associate operations."
}
{
    "_id": "HD20231361",
    "title": "",
    "text": "ROSEBOROUGH Executive Vice President General Counsel Corporate Secretary November 2011. positions MetLife. Senior Chief Counsel Deputy General Counsel. partner Sutherland Asbill Brennan 1996 2006 Deputy Assistant Attorney General 1994 1996. director Hartford Financial Services Group. investment."
}
{
    "_id": "HD20231362",
    "title": "",
    "text": "SIDDIQUI Executive Vice President Information Officer April 2022. Senior Vice President December 2018 April 2022. Staples. May 2017 November 2018. technology engineering retail energy."
}
{
    "_id": "HD20231364",
    "title": "",
    "text": "information incorporated sections Compensation Compensation Development Compensation Committee Proxy Statement Compensation Pay Versus not incorporated."
}
{
    "_id": "HD20231365",
    "title": "",
    "text": "Ownership Stockholder Matters"
}
{
    "_id": "HD20231366",
    "title": "",
    "text": "incorporated Ownership Common Compensation Equity Compensation Plan Proxy Statement."
}
{
    "_id": "HD20231368",
    "title": "",
    "text": "information incorporated section “Corporate Proxy Statement."
}
{
    "_id": "HD20231370",
    "title": "",
    "text": "information incorporated Accounting Firm’s Proxy Statement."
}
{
    "_id": "HD20231375",
    "title": "",
    "text": "documents filed. Financial Statements"
}
{
    "_id": "HD20231383",
    "title": "",
    "text": "financial statements Item 8 Accounting Firm LLP Atlanta GA Auditor Firm ID Balance Sheets January 28, 2024 January 29, 2023 Earnings 2023 2022 2021 Comprehensive Income Stockholders’ Equity Cash Flows Statements."
}
{
    "_id": "HD20231385",
    "title": "",
    "text": "schedules omitted inapplicable consolidated statements notes."
}
{
    "_id": "HD20231403",
    "title": "",
    "text": "Exhibits incorporated SEC. Current Quarterly Annual Reports filed SEC File. 1-8207. Registration Statements file numbers. shareholders Home Depot. 2455 Paces Ferry Road Atlanta Georgia. (770). Certificate Incorporation Home Depot. 10-Q fiscal quarter July 31, 2011,.-Laws Home Depot. February 23, 2023 8-K February 28, 2023. May 4 2005, Home Depot. Bank New York Mellon Trust Company. S-3. May 2005,. August 24 2012, Home Depot. Deutsche Bank Trust Company. 333-183621) August. Senior Note December 16 2036 8-K December 19, 2006,. Note September 15 2040 September 10 2010,.95% April 1 2041 March 31, 2011,. 700% April 1 2023 April 5 2013,. 200% April 1 2043. 750% February 15 2024 September 10 2013,. 875% February 15 2044. 40% March 15 2045 June 12 2014,. 250% April 1 2046 June 2 2015,. 35% September 15 2025 September 15 2015,.% April 1 2026 February 12 2016,."
}
{
    "_id": "HD20231444",
    "title": "",
    "text": ". 14. 250% April 1 2046 filed February 12 2016, Exhibit. 125% September 15 2026. 3. 500% September 15 2056. 900% June 15 2047 2017 Exhibit. 18 2 800% September 14 2027 4. 3. 900% December 6 2028 December 6 2018 Exhibit. 500% December 6 2048. 950% June 15 2029 June 2019. 900% June 15 2047. 950% June 15 2029 January 13, 2020. 125% December 15 2049 January Exhibit. 2 500% April 15 2027 March 30 2020. 700% April 15 2030. 300% April 15 2040 March 2020 Exhibit.3. 350% April 15 2050 March 30 2020. 900% March 15 2028 January 7, 2021. 1 375% March 15 2031 2021. 375% March 15 2051 January 7 2021. 500% September 15 2028 September 21, 2021. 875% September 15 2031. 2 750% September 15 2051. 700% April 15 2025 March 28, 2022. 875% April 15 2027 March 2022. 3 250% April 15 2032 March 2022. 625% April 15 2052 March 28, 2022. 000% September 15, 2025 September 19, 2022. 500% September 15 2032. 950% September 15 2052 2022.April 30 2025 8-K December 4 2023. 950% September 30 2026 December 4 2023. 900% April 15 2029 2023. Securities 10-K fiscal February 2 2020. Home Depot. 1997 Omnibus Stock Incentive Plan August 4 2002. Executive Employment Death Benefit Agreement February 3 2013,. Home Depot Deferred Compensation Plan Officers January 1 2008) 8-K August 20 2007,. January 31, 2010,. year January 31, 2021. Home Depot. Omnibus Stock Incentive Plan May 19, 2022 quarter July 31, 2022."
}
{
    "_id": "HD20231464",
    "title": "",
    "text": ". Home Depot FutureBuilder Restoration Plan August 2007,. 1 February 2014,. Supply Restoration Plan January 2023. Home Depot. Nonemployee Directors’ Deferred Stock Compensation Plan August 20. Home Depot Amended Management Incentive Plan January 31, 2022 May 24 2022. Home Depot. Employee Stock Purchase Plan July 1 2012 quarter April 29,. Executive Officer Restricted Stock Award Home Depot. Plan October 31, 2004,. Deferred Share Award. November 15 2007,. Executive Officer Equity Award Terms Conditions Agreement. March 6 2013,. Executive Officer Equity Award Agreement Stock Option Depot.2005 Omnibus Stock Incentive Plan 8-K March 8 2016,. Deferred Share Award Director Home Depot. fiscal year January 29, 2017. Executive Officer Equity Award Agreement Stock Home Depot. February 28, 2018. Executive Officer Equity Award Agreement Restricted Stock Home Depot. March 4 2019. Executive Officer Equity Award Agreement Stock Option. March 4 2019. Executive Officer Equity Award Agreement. March 2 2020. Executive Officer Restricted Stock Option Award Agreement Home Depot. fiscal quarter November 1 2020. Executive Officer Equity Award Agreement Home Depot. March 1 2021."
}
{
    "_id": "HD20231485",
    "title": "",
    "text": "Exhibit. 24 Executive Officer Equity Award Agreement Shares Stock Nonqualified Options Home Depot. Omnibus Stock Incentive Plan Amended Restated May 19, 2022 24 Exhibit. Home Depot. Plan Amended. Shares Options Home Depot. February 28, 2023 Exhibit. Equity Agreement Stock Options Home Depot. Exhibit. Nonemployee Director Deferred Share Award Agreement Home Depot. Stock Incentive Plan Amended Restated May 24 Exhibit. Arrangement Edward P. Decker Home Depot. February 24 2022 quarter May 1 2022 Exhibit. Arrangement Richard. McPhail Home Depot. October 1 2020 quarter November 1 2020 Exhibit.. Arrangement Ann Campbell Home Depot. October 25 2023 10-Q fiscal quarter 2023 Exhibit. Agreement Jeffrey. Kinnaird Home Depot. April 17, 2023 10-Q quarter 30 2023. Arrangement Matthew. Carey Home Depot. April 19, 2022 fiscal quarter May 1 2022. Arrangement Teresa Wynn Roseborough Home Depot. September 28, 2011 Subsidiaries Accounting Firm. Chair President Chief Executive Officer Rule. President Officer.-Oxley Act. Home Depot. Executive Compensation Clawback Policy"
}
{
    "_id": "HD20231495",
    "title": "",
    "text": "Exhibit 101. Instance Document Interactive Data file XBRL tags Inline XBRL document. Taxonomy Extension Schema. Calculation. Definition. Extension Label. Extension Presentation Page Interactive Data File inline XBRL Exhibit 101"
}
{
    "_id": "HD20231499",
    "title": "",
    "text": "Furnished filed Item 601 Regulation"
}
{
    "_id": "HD20231501",
    "title": "",
    "text": "."
}
{
    "_id": "HD20231509",
    "title": "",
    "text": "Section 13 Securities Exchange Act 1934 registrant report. HOME DEPOT. EDWARD. DECKER. Chair President Chief Executive 13, 2024"
}
{
    "_id": "HD20231541",
    "title": "",
    "text": "Securities Exchange Act 1934 report signed registrant March 13, 2024. EDWARD P. DECKER President Officer. RICHARD V. MCPHAIL Vice President Officer. SCARDINO Vice President Finance Chief Accounting Officer. GERARD. ARPEY. BOUSBIB JEFFERY H. BOYD. GREGORY. BRENNEMAN. FRANK. ALBERT P. CAREY. LINDA. GOODEN. HEWETT. MANUEL KADRE STEPHANIE. LINNARTZ. PAULA. SANTILLI. CARYN SEIDMAN-BECKER"
}
{
    "_id": "HD20231541",
    "title": "",
    "text": ""
}
{
    "_id": "JNJ20230005",
    "title": "",
    "text": "Johnson & Johnson subsidiaries 131,900 employees research manufacture sale healthcare. holding company all countries. focus human health well-being. incorporated New Jersey 1887."
}
{
    "_id": "JNJ20230006",
    "title": "",
    "text": "Executive Committee Johnson & Johnson strategic operations allocation resources. oversees Innovative Medicine MedTech. senior management U. S. international companies responsible for strategic plans operations. subsidiary managed by residents."
}
{
    "_id": "JNJ20230008",
    "title": "",
    "text": "Consumer Health August 2023 Company Innovative Medicine MedTech. Additional information segments results Item 7. analysis results operations financial condition Note 17 Segments business geographic areas financial statements Item 8."
}
{
    "_id": "JNJ20230010",
    "title": "",
    "text": "Innovative Medicine Immunology. rheumatoid Infectious Diseases. HIV Neuroscience. Oncology. prostate lung bladder Cardiovascular Metabolism. diabetes macular degeneration Pulmonary Hypertension. Medicines distributed retailers wholesalers hospitals professionals.products Innovative Medicine REMICADE immune-mediated inflammatory diseases SIMPONI subcutaneous rheumatoid psoriatic ankylosing spondylitis ulcerative colitis SIMPONI ARIA intravenous juvenile arthritis 2 STELARA plaque psoriasis psoriatic arthritis Crohn's disease ulcerative colitis TREMFYA psoriasis psoriatic arthritis EDURANT PREZISTA (darunavir PREZCOBIX/REZOLSTA antiretroviral immunodeficiency SYMTUZA (darunavir/cobicistat/emtricitabine/tenofovir HIV CONCERTA (methylphenidate HCl attention deficit hyperactivity disorder INVEGA SUSTENNA/XEPLION (paliperidone schizophrenia INVEGA TRINZA/TREVICTA schizophrenia SPRAVATO nasal spray antidepresstreatment-resistant depression suicidal thoughts CARVYKTI chimeric antigen-T-cell therapy relapsed multiple myeloma ZYTIGA"
}
{
    "_id": "JNJ20230012",
    "title": "",
    "text": "prostate cancer ERLEADA androgen receptor inhibitor prostate IMBRUVICA B-cell malignancies chronic graft DARZALEX multiple myeloma FASPRO hyaluronidase multiple myeloma Amyloidosis XARELTO anticoagulant vein thrombosis stroke systemic embolism nonvalvular atrial fibrillation recurrence DVT cardiovascular events coronary artery disease peripheral disease thromboprophylaxis procedure OPSUMIT (macitentan pulmonary arterial hypertension UPTRAVI oral intravenous selective IP receptor agonist prostacyclin PAH. medicines developed licensed lifecycle."
}
{
    "_id": "JNJ20230014",
    "title": "",
    "text": "MedTech Interventional Solutions Orthopaedics Surgery Vision. electrophysiology recovery coronary artery disease Neurovascular care hemorrhagic ischemic stroke. Orthopaedics Hips Knees Trauma Spine. Surgery breast aesthetics Ear Nose Throat. Vision ACUVUE contact lenses lenses cataract. distributed wholesalers hospitals retailers physicians nurses hospitals eye care clinics."
}
{
    "_id": "JNJ20230016",
    "title": "",
    "text": "Johnson & Johnson subsidiaries 131,900 employees research manufacture sale healthcare. business countries focus human health well-being."
}
{
    "_id": "JNJ20230017",
    "title": "",
    "text": "products sold international include Innovative Medicine MedTech. markets products methods distribution vary country culture. U. subsidiaries abroad."
}
{
    "_id": "JNJ20230018",
    "title": "",
    "text": "Investments activities outside U. higher risks. financial instability restrictive policies legal uncertainties."
}
{
    "_id": "JNJ20230020",
    "title": "",
    "text": "materials essential Company business available multiple sources. exceptions temporary unavailability financial results."
}
{
    "_id": "JNJ20230023",
    "title": "",
    "text": "Company subsidiaries patent protection products processes. own licensed significant patents U. S. other countries products uses formulations manufacturing processes importance Company. face patent challenges generic biosimilar"
}
{
    "_id": "JNJ20230024",
    "title": "",
    "text": "products expiration patents. legal proceedings Company patent property Note 19 Financial Statements Item 8."
}
{
    "_id": "JNJ20230025",
    "title": "",
    "text": "largest product STELARA (ustekinumab. 8% revenues 2023. patents. Janssen Biotech. Johnson & Johnson owns patents STELARA. United States patent 2023. launch biosimilar STELARA January 1, 2025. European patent expires 2024."
}
{
    "_id": "JNJ20230026",
    "title": "",
    "text": "product DARZALEX FASPRO. 4% revenues 2023. patents material. Genmab A/S patent families Janssen Biotech. exclusive. expire 2029 protection extends 2031/2032. Janssen Biotech. separate patent portfolio DARZALEX FASPRO."
}
{
    "_id": "JNJ20230028",
    "title": "",
    "text": "subsidiaries selling products trademarks obtaining protection. protected by registration U. S. countries. Company considers trademarks material importance."
}
{
    "_id": "JNJ20230030",
    "title": "",
    "text": "Worldwide sales seasonality spending heavier fourth quarter. increased spending research development."
}
{
    "_id": "JNJ20230032",
    "title": "",
    "text": "product lines Company's subsidiaries compete locally globally. Competition exists without size. Competition research new products processes significant. development products protecting intellectual property important success. competitive environment requires investments research."
}
{
    "_id": "JNJ20230034",
    "title": "",
    "text": "Company subject environmental laws United States jurisdictions. believes operations comply. capital expenditures cash flows earnings competitive position."
}
{
    "_id": "JNJ20230037",
    "title": "",
    "text": "Company’s businesses subject regulation trend stringent regulation. subject complex U. foreign laws regulations adverse action affect financial condition business operations. medical technology industries federal state agencies product safety efficacy manufacturing advertising labeling safety reporting. regulatory powers U. Food Drug Administration. testing documentation. expense product introduction. trends markets outside."
}
{
    "_id": "JNJ20230038",
    "title": "",
    "text": "new medical device regulatory framework privacy data localization cyber security laws increased regulation. States enacted privacy laws federal regulators. FDA FTC HHS health privacy. EU directives laws EHDS Data Act Cyber Resilience Act AI Act changing privacy cybersecurity enforcement risks. China introduced personal information protection data security regulations scrutiny compliance data transfer. other jurisdictions enacting privacy laws accountability data healthcare. laws restrict transfers borders data health care solutions. release Artificial trend comprehensive regulation. Executive Order Act use privacy security transparency accountability fairness compliance."
}
{
    "_id": "JNJ20230039",
    "title": "",
    "text": "regulatory agencies Company operates administrative powers product withdrawals recalls seizure civil sanctions. subsidiaries initiate recalls."
}
{
    "_id": "JNJ20230040",
    "title": "",
    "text": "U. S. FDA regulatory agencies increasing enforcement. If. laws products ineffective health risk. could ban detain seize adulterated misbranded products order recall repair replacement refund refuse marketing authorization require certificates exports health professionals risks. may assess civil criminal penalties impose operating restrictions enjoin restrain conduct. recommend prosecution. Department Justice. adverse regulatory action restrict marketing selling limit future clearances approvals business practices. Equivalent enforcement mechanisms countries."
}
{
    "_id": "JNJ20230041",
    "title": "",
    "text": "costs healthcare study regulation. attention focused on prices profits overutilization quality costs healthcare. Laws regulations compliance fraud abuse. increased focus financial relationships healthcare companies providers. state federal transparency laws require disclosures payments transfers healthcare practitioners non practitioners. require anti-bribery prohibitions payments foreign government official. Pharmacy Benefit Managers (PBMs impact practices healthcare cost access."
}
{
    "_id": "JNJ20230043",
    "title": "",
    "text": "business state legislation pricing coverage reimbursement. President Biden Inflation Reduction Act"
}
{
    "_id": "JNJ20230044",
    "title": "",
    "text": "government prices high-spend drugs biologics Medicare 2026 D 2028 B. August 29, 2023 Centers Medicare Medicaid Services published list STELARA IMBRUVICA. Pharmacyclics LLC AbbVie. medicines disease states prevalent Medicare. uncertainty federal prices IRA specifies ceiling minimum. anticipate products government-established price Medicare."
}
{
    "_id": "JNJ20230045",
    "title": "",
    "text": "IRA rebates prices inflation October 1, 2022 Medicare Part D January 1, 2023 Medicare Part B. IRA redesign Medicare Part D benefit costs manufacturers D manufacturer. Failure manufacturers penalties."
}
{
    "_id": "JNJ20230046",
    "title": "",
    "text": "July 2023 Janssen Pharmaceuticals. litigation. Department Health Human Services Centers Medicare Medicaid Inflation Medicare Drug Price Negotiation Program. violates First Amendment Fifth Amendment not subject mandatory pricing. impact IRA industry uncertain litigation CMS maximum price drugs."
}
{
    "_id": "JNJ20230047",
    "title": "",
    "text": "expect scrutiny drug government price Congress federal state regulations pricing transparency."
}
{
    "_id": "JNJ20230048",
    "title": "",
    "text": "additional bills Congress healthcare reform proposals drug pricing Medicare Medicaid. changing legal landscape. healthcare industry federal state law modification industry. IRA federal legislative change affect pricing market."
}
{
    "_id": "JNJ20230049",
    "title": "",
    "text": "business practices healthcare industry. government agencies attorneys investigations prosecutions risk penalties. increased enforcement data protection authorities European Union fines for data breaches violations privacy cross-border data transfers. Federal Trade Commission stepped enforcement data privacy settlements class-action lawsuits biometric data tracking technologies."
}
{
    "_id": "JNJ20230050",
    "title": "",
    "text": "Company relies global supply chains production distribution processes complex sourcing supply pricing materials. approvals."
}
{
    "_id": "JNJ20230056",
    "title": "",
    "text": "December 31, 2023 134,400 131,900"
}
{
    "_id": "JNJ20230057",
    "title": "",
    "text": "full part fixed interns co-op. long-term disability excluded. Contingent contractors subcontractors excluded."
}
{
    "_id": "JNJ20230058",
    "title": "",
    "text": "2FTE full-time positions reflect employees part-time."
}
{
    "_id": "JNJ20230065",
    "title": "",
    "text": "Company believes employees critical success essential strategy. Management policies corporate culture strategy risk management ethics compliance. human capital strategy •Attracting recruiting •Developing retaining inspiring"
}
{
    "_id": "JNJ20230066",
    "title": "",
    "text": "efforts culture diversity equity innovation health well-being safety employees encouraged succeed business goals."
}
{
    "_id": "JNJ20230068",
    "title": "",
    "text": "guided Credo responsibilities to patients consumers customers healthcare professionals employees communities shareholders. adhere Code of Business Conduct policies procedures guidelines. conducts surveys feedback risks. 2023 94% employees 76 countries participated Credo Survey 36 languages."
}
{
    "_id": "JNJ20230070",
    "title": "",
    "text": "healthcare landscape Company retain top talent. 2023 voluntary turnover rate 7%. believes employees knowledge skills opportunities grow. professional development programs educational resources available. learning culture career path pipeline talent long-term strategies. global approach development everyone. first Global Learning Day. Employees skill-building courses leadership business skills digital upskilling DEI well-being J&J Learn platform."
}
{
    "_id": "JNJ20230076",
    "title": "",
    "text": "Company committed workplace diversity culture equity inclusion. Diversity Equity Inclusion strategy recognizes needs. DEI Vision Be change world. Mission diversity equity inclusion. DEI Strategy Vision Mission pillars workforce diverse backgrounds cultures culture inclusion talent business processes equitable opportunities innovation growth diverse markets"
}
{
    "_id": "JNJ20230077",
    "title": "",
    "text": "Company DEI strategy insights best practices feedback diversity inclusion."
}
{
    "_id": "JNJ20230080",
    "title": "",
    "text": "offers competitive compensation benefits top talent. fairness equitable treatment. observes minimum wage exceeds. programs performance pension retirement savings health welfare paid time off leave flexible schedules assistance. enhanced caregiver bereavement volunteer leave benefits July 2023."
}
{
    "_id": "JNJ20230082",
    "title": "",
    "text": "Company’s investment in employee health safety starts. awareness focus practices tools ensures employees temporary contractors visitors work safely. expanded health well-being programs new technologies achieve health goals. programs practices for total protection for risks. through J&J Flex hybrid model employees productivity balance in-person remote work."
}
{
    "_id": "JNJ20230084",
    "title": "",
    "text": "Company’s main corporate website. SEC filings available./financials/sec-filings after electronically filed SEC. SEC filings available website."
}
{
    "_id": "JNJ20230085",
    "title": "",
    "text": "Investors public Company announces. factsaboutourprescriptionopioids. factsabouttalc. LLTManagementInformation. websites communicate products. information material information. encourage review information with. jnj. SEC filings press releases conference calls webcasts."
}
{
    "_id": "JNJ20230087",
    "title": "",
    "text": "Amended Certificate Incorporation By-Laws charters Audit Compensation Benefits Nominating Corporate Governance Committee Regulatory Compliance Sustainability Committee Science Technology Committee special Board Directors Principles Corporate Governance Code Business Conduct Ethics materials available. website provided without charge shareholder. information. factsaboutourprescriptionopioids. LLTManagementInformation. not part Report filings SEC."
}
{
    "_id": "JNJ20230089",
    "title": "",
    "text": "investment in Company’s common stock debt securities involves risks uncertainties. Company seeks risks difficult outside control eliminated. filings SEC investors consider factors below. not possible predict all factors not complete discussion risks. If risks Company’s business results financial condition could."
}
{
    "_id": "JNJ20230091",
    "title": "",
    "text": "businesses competitive markets affect earnings."
}
{
    "_id": "JNJ20230092",
    "title": "",
    "text": "Company faces competition segments markets. businesses compete cost-effectiveness technological innovations intellectual property rights product performance advantages pricing availability reimbursement. competes rights acquisitions collaborations licensing agreements. Competition for rights investment costs onerous agreement terms. Competitors’ products intellectual property rights impact sales new products. operational financial risk acquisitions identify risks liabilities integrate operations employees synergies acquisition strain management operations financial resources."
}
{
    "_id": "JNJ20230093",
    "title": "",
    "text": "Innovative Medicine loss patent exclusivity sales competitors approval. competition loss exclusivity biological product. MedTech businesses technological innovation product quality reputation customer service important competitiveness. products technologies products less desirable economical obsolete. business impacted introduce new products effective competitors."
}
{
    "_id": "JNJ20230094",
    "title": "",
    "text": "delays business sales reputation."
}
{
    "_id": "JNJ20230095",
    "title": "",
    "text": "requires complex components materials. subsidiaries operate 61 facilities suppliers. interruptions delays. disruptions regulatory action production quality safety labor disputes shortages incidents natural disasters raw material shortages political unrest terrorist attacks epidemics. delays product shortages declines sales reputational impact remediation costs."
}
{
    "_id": "JNJ20230096",
    "title": "",
    "text": "Company relies third parties products. failure loss delays costs affect business."
}
{
    "_id": "JNJ20230097",
    "title": "",
    "text": "Company relies on third parties supply raw materials parts products. depend on manufacturers manufacturing capacity produce acceptable quality yields deliver prices. guarantee meet manufacturing requirements lost sales adverse effect business."
}
{
    "_id": "JNJ20230099",
    "title": "",
    "text": "risks reliance on third parties include for regulatory compliance quality assurance misappropriation intellectual property limited inventory possible breach agreement termination nonrenewal costly. if third-party damage loses benefits power outages financial difficulties raw materials reduction in efficiency may business disruption. other manufacturers delays increased costs business."
}
{
    "_id": "JNJ20230100",
    "title": "",
    "text": "Counterfeit harm patients revenues earnings business."
}
{
    "_id": "JNJ20230101",
    "title": "",
    "text": "industry challenged distribution counterfeiting markets Internet. parties distribute sell counterfeit manufacturing testing standards. counterfeit products indistinguishable authentic. Counterfeit medicines risk health safety unregulated unlicensed uninspected unsanitary lack regulation contents."
}
{
    "_id": "JNJ20230102",
    "title": "",
    "text": "failure counterfeit medicines impact business reputation patient confidence lost sales recalls litigation. diversion products from reduced revenues profitability."
}
{
    "_id": "JNJ20230103",
    "title": "",
    "text": "health crises pandemics epidemics business financial condition."
}
{
    "_id": "JNJ20230104",
    "title": "",
    "text": "subject to risks global health crises epidemics pandemics outbreaks. COVID-19 pandemic impacted business financial condition lower sales reduced demand usage. health crises modify business practices actions patients customers employees business partners. business continuity plans health crises prevent crisis. Health crises impact operations manufacturing supply chain third-party suppliers sales marketing clinical trial operations. affect business financial results global economic conditions."
}
{
    "_id": "JNJ20230106",
    "title": "",
    "text": "Innovative Medicine healthcare reforms pricing."
}
{
    "_id": "JNJ20230108",
    "title": "",
    "text": "Sales Company’s Innovative Medicine MedTech products affected reimbursements government healthcare private insurance plans managed care. costs payors prices. increased purchasing power Medicare Medicaid private sector consolidation pricing pressures. recent legislation political scrutiny pricing pressures. Inflation Reduction Act 2022 products pricing rebates penalties. third-party utilization 340B Federal Drug Discount Program Company financial performance. markets EU Kingdom Japan China government involvement healthcare impose price controls limit products reduce intellectual property."
}
{
    "_id": "JNJ20230109",
    "title": "",
    "text": "subject costly complex regulations countries operations affect financial business operations."
}
{
    "_id": "JNJ20230110",
    "title": "",
    "text": "Item 1. Business Company subject to government laws regulations investigations legal action U. S. countries. changes U. S. FDA’s timing new products. New laws regulations impose deadlines Company suppliers manufacturers partners insufficient time manufacturing delays supply chain constraints. delays adverse effect sales access products."
}
{
    "_id": "JNJ20230111",
    "title": "",
    "text": "Company proceedings expenses fines damage."
}
{
    "_id": "JNJ20230112",
    "title": "",
    "text": "Johnson & Johnson subsidiaries subject claims lawsuits product liability patent disputes sales marketing pricing antitrust unfair trade practices consumer protection laws. legal proceedings Note 19 Consolidated Financial Statements. Litigation securities derivative action class action multi-district expensive disruptive. plaintiffs large amounts damages unresolved years. Company defendant lawsuits body powders talc JOHNSON’S Baby Powder sale opioids. defenses predict outcome. pay amounts settlements judgments accruals jointly liable. resolution increase accruals results cash flows. purchase third-party product liability insurance utilizes wholly owned captive insurance company limits."
}
{
    "_id": "JNJ20230113",
    "title": "",
    "text": "reliability safety sales litigation reputational damage."
}
{
    "_id": "JNJ20230114",
    "title": "",
    "text": "Concerns product safety alerts recalls investigations regulatory action. claims lawsuits fines settlements declining sales reputational damage. brand image equity trust. recalls investigations shutdown shortages sales declines remediation costs reputational damage civil penalties criminal prosecution."
}
{
    "_id": "JNJ20230115",
    "title": "",
    "text": "scrutiny compliance investigations actions penalties."
}
{
    "_id": "JNJ20230116",
    "title": "",
    "text": "laws regulations compliance costs failure investigations legal actions penalties. issues Manufacturing Practices lead fines penalties recalls shortages interruptions delays approvals litigation. marketing pricing sale products subject regulation investigations legal actions Federal Food, Drug Cosmetic Act Medicaid Rebate Program false claims unfair trade practices consumer protection laws. Scrutiny healthcare attorneys. investigations prosecutions penalties debarment healthcare programs. debarment business. investigations Note 19 Legal Consolidated Financial Statements Item 8."
}
{
    "_id": "JNJ20230118",
    "title": "",
    "text": "tax laws liabilities impact results."
}
{
    "_id": "JNJ20230119",
    "title": "",
    "text": "Changes tax laws including U. S. Organization Economic Cooperation Development EU non-EU global minimum tax impact Company’s tax rate results operations. change tax rate international tax provisions Company’s deferred tax assets liabilities. expense benefit Company’s Consolidated Statement of Earnings. Company monitors proposals. Changes tax laws expense benefit material fiscal quarter year."
}
{
    "_id": "JNJ20230120",
    "title": "",
    "text": "Note 8 Consolidated Financial Statements 8."
}
{
    "_id": "JNJ20230121",
    "title": "",
    "text": "Company conducts business files tax returns countries tax audits disputes. government initiatives companies disclose information audit scrutiny profits. Company assesses outcomes tax audits disputes tax reserves. authority tax liabilities reserves."
}
{
    "_id": "JNJ20230123",
    "title": "",
    "text": "Company intellectual property business."
}
{
    "_id": "JNJ20230124",
    "title": "",
    "text": "Company owns licenses patents proprietary rights products manufacturing processes. rights essential to businesses results operations. Public policy. unfavorable intellectual property rights. patent protection new products markets protections last."
}
{
    "_id": "JNJ20230125",
    "title": "",
    "text": "Competitors challenge Company’s patents proprietary rights through litigation oppositions States Patent Trademark Office. proceedings absorb resources protracted unpredictable. products patents injunction damages royalties affect competitive position sales."
}
{
    "_id": "JNJ20230126",
    "title": "",
    "text": "Company faced patent challenges parties generic biosimilar products expiration patents. U. manufacturers generic challenge validity products Abbreviated Drug Application. FDA litigation. Biologics Price Competition Innovation Act 2010,. biosimilar alternatives products mechanisms applicants challenge patents. IPR process USPTO used competitors challenge patents."
}
{
    "_id": "JNJ20230128",
    "title": "",
    "text": "Company patents “at-risk” launch generic firm lose revenues. Current legal proceedings patents intellectual property rights Note 19 Legal Notes Consolidated Financial Statements Item 8 Report."
}
{
    "_id": "JNJ20230130",
    "title": "",
    "text": "challenges delays innovation new products technologies long-term success."
}
{
    "_id": "JNJ20230131",
    "title": "",
    "text": "growth depends new products services healthcare needs. Development successful products revenue losses products lose share competition loss patent exclusivity. New products past five years 25% 2023 sales. develop license acquire companies products technologies regulatory approval products successful."
}
{
    "_id": "JNJ20230132",
    "title": "",
    "text": "Company pursues product development research collaborations acquisitions joint ventures licensing. developing new products biotechnology medical devices requires investment. few biopharmaceutical research result commercially viable products. process depends discern future needs develop compounds strategies technologies clinical trial results intellectual property protection regulatory approvals differentiate. New products enhancements accepted competition resistance uncertainty third-party reimbursement. success safety efficacy market entry competitive products."
}
{
    "_id": "JNJ20230133",
    "title": "",
    "text": "Company leverages data science machine learning AI emerging technologies across business operations introduction AI may unintended risks liabilities. AI technology evolving may obsolete. investments benefits competitive advantage. machine learning AI emerging evolving new laws regulations costs limit. carry risks data privacy security."
}
{
    "_id": "JNJ20230135",
    "title": "",
    "text": "Company faces financial economic legal risks."
}
{
    "_id": "JNJ20230136",
    "title": "",
    "text": "Company’s operations financial economic legal social political risks."
}
{
    "_id": "JNJ20230137",
    "title": "",
    "text": "currency exchange 2023 45% sales outside U. S 24% Europe 5% Western Hemisphere. 16% Asia-Pacific Africa. non-U. currencies. impact revenues expenses. financial instruments unhedged exposures subject currency fluctuations. weakening strengthening. dollar translation effects non-U. dollars"
}
{
    "_id": "JNJ20230138",
    "title": "",
    "text": "Inflation currency devaluation risks Company profitability high inflation. operations Argentina Turkey Venezuela inflationary inflation 100%. profit cost reduction productivity price increases losses inflation. currency devaluations"
}
{
    "_id": "JNJ20230140",
    "title": "",
    "text": "high inflation fluctuations impact results."
}
{
    "_id": "JNJ20230141",
    "title": "",
    "text": "Illegal importation illegal importation from price controls lower prices affect sales profitability U. countries limited prescription drugs foreign imports illegal under U. S. law. volume illegal imports lower-priced imports."
}
{
    "_id": "JNJ20230142",
    "title": "",
    "text": "Anti-bribery regulations Company subject federal foreign laws international business payments government officials. laws include. Foreign Corrupt Practices Act prohibits. companies promising foreign officials influencing advantage. business regulated involves interaction foreign officials. countries outside. healthcare providers government purchasers interactions FCPA. jurisdictions laws regulations U. K. Bribery Act 2010, corrupt anticompetitive behavior. Enforcement administrative legal proceedings civil penalties criminal sanctions remedies exclusion healthcare programs."
}
{
    "_id": "JNJ20230150",
    "title": "",
    "text": "financial economic legal social political risks. business globally include environments policies interest rates monetary policy inflation growth recession commodity prices currency controls policies trade antitrust local regulations protection intellectual property contractual rights nationalization foreign assets upheavals economic instability repression human rights issues events disasters armed conflict terrorism epidemics pandemics."
}
{
    "_id": "JNJ20230151",
    "title": "",
    "text": "international geopolitical global tensions war affect business financial condition."
}
{
    "_id": "JNJ20230153",
    "title": "",
    "text": "Company has operations activity. Global tensions conflict war in foreign currency volatility decreased demand challenges supply chain increased costs. experienced impacts Russia-Ukraine war conflict Middle East tensions between U. S. China. governments may export controls financial economic sanctions. business impacted by trade protection policies domestic companies over foreign. Additional sanctions global community limitations file prosecute maintain patents trademarks intellectual property rights. Russia exploit inventions without consent compensation prevent third parties practicing inventions selling importing products."
}
{
    "_id": "JNJ20230154",
    "title": "",
    "text": "performance credit rating disruptions liquidity capital borrowing costs access."
}
{
    "_id": "JNJ20230155",
    "title": "",
    "text": "maintain investment grade credit ratings Moody’s Investors Service Standard & Poor’s Ratings Services. Rating agencies evaluate us based factors. downgrade credit ratings increase cost borrowing reduce market capacity commercial paper additional collateral derivative contracts. no maintain credit ratings changes downgrades liquidity capital position access markets."
}
{
    "_id": "JNJ20230157",
    "title": "",
    "text": "business talented diverse workforce."
}
{
    "_id": "JNJ20230158",
    "title": "",
    "text": "growth requires retain diverse backgrounds experiences skill sets. market skilled workers leaders competitive depends personnel. Maintaining brand reputation diverse equitable work environment top talent. less successful recruiting skilled workers leaders products services. succession planning important success. unsuccessful transfer knowledge transitions affect business financial condition results operations."
}
{
    "_id": "JNJ20230159",
    "title": "",
    "text": "Climate legal measures affect business results."
}
{
    "_id": "JNJ20230160",
    "title": "",
    "text": "Climate change carbon dioxide greenhouse gases risks temperatures weather patterns extreme weather disasters. hurricane tornado earthquake wildfire flooding risks disrupt supply chain. impacts water water scarcity water operational costs."
}
{
    "_id": "JNJ20230161",
    "title": "",
    "text": "Concern over climate change requirements reduce greenhouse emissions mitigate effects. If laws stringent disruption costs manufacturing distribution affect business financial condition. impacts climate change customer preferences failure climate-friendly products loss market share."
}
{
    "_id": "JNJ20230162",
    "title": "",
    "text": "incident cybersecurity breach business reputation."
}
{
    "_id": "JNJ20230163",
    "title": "",
    "text": "Company relies on systems networks third parties sensitive data confidential research business plans financial intellectual property personal data supply chain operations. cybersecurity threats customer products confidentiality integrity sensitive data. assesses threats investments internal protection detection response third-party providers capabilities controls. changing attack techniques increased volume sophistication potential. reputational competitive operational business harm financial costs regulatory action. increasing use AI risks. maintains cybersecurity insurance coverage not all financial legal losses."
}
{
    "_id": "JNJ20230165",
    "title": "",
    "text": "increased global tensions Company expects increased risk of information incidents adversaries operations. potential sophistication may address proactively preventative measures detect address disruption breach promptly affect business financial condition. threats could impact third-party partners IT systems networks data."
}
{
    "_id": "JNJ20230166",
    "title": "",
    "text": "breach privacy unauthorized access loss personal data."
}
{
    "_id": "JNJ20230167",
    "title": "",
    "text": "Company subject privacy data laws compliance collection storage protection personal data. Breach fines penalties claims damage reputation business. New privacy laws expected greater enforcement data localization international data flows. privacy compliance programs technology data-driven initiatives vendors third parties potential risks cross border data unauthorized access loss business."
}
{
    "_id": "JNJ20230168",
    "title": "",
    "text": "Company achieve strategic financial benefits separation Kenvue Inc. ownership."
}
{
    "_id": "JNJ20230169",
    "title": "",
    "text": "Company incurred expenses Kenvue separation. may achieve full strategic financial benefits. anticipated benefits based assumptions may incorrect. holds 9. 5% ownership Kenvue. predict price market value subject market volatility control. intends divest no timing. Unanticipated developments could divestiture financial market conditions."
}
{
    "_id": "JNJ20230170",
    "title": "",
    "text": "Separation tax."
}
{
    "_id": "JNJ20230172",
    "title": "",
    "text": "Company received IRS tax-free Separation U. S Internal Revenue Code 1986. IRS steps tax-free. tax liability Company shareholders substantial. Separation may not qualify tax-free other countries trigger substantial tax liability."
}
{
    "_id": "JNJ20230174",
    "title": "",
    "text": "."
}
{
    "_id": "JNJ20230177",
    "title": "",
    "text": "Company cybersecurity policies standards assesses risks monitors systems. uses security tools protection response. maintains cybersecurity incident response plan response incidents."
}
{
    "_id": "JNJ20230178",
    "title": "",
    "text": "Company identifies third-party risks data security supply chain risk management program."
}
{
    "_id": "JNJ20230179",
    "title": "",
    "text": "Company maintains security training program phishing email security practices. privacy."
}
{
    "_id": "JNJ20230180",
    "title": "",
    "text": "cybersecurity Company utilizes third-party experts maturity."
}
{
    "_id": "JNJ20230181",
    "title": "",
    "text": "Company cybersecurity incident business operations changing attack techniques increased volume sophistication potential. reputational competitive operational harm financial costs regulatory action. risk factor information security incident breach business Part I Item 1A. Risk factors cybersecurity risks impacts."
}
{
    "_id": "JNJ20230183",
    "title": "",
    "text": "Company risk-based approach implemented controls threats risks. Chief Information Officer Executive Committee assessing risks prevention mitigation detection remediation."
}
{
    "_id": "JNJ20230184",
    "title": "",
    "text": "CISO cybersecurity program risk. CISO twenty-five years experience security background technical strategy cyber threat leadership roles."
}
{
    "_id": "JNJ20230186",
    "title": "",
    "text": "Board oversees risk management cybersecurity. Regulatory Compliance Sustainability Committee cybersecurity compliance laws regulations policies privacy cybersecurity."
}
{
    "_id": "JNJ20230187",
    "title": "",
    "text": "RCSC meetings risk areas cybersecurity. CISO provides two updates RCSC cybersecurity. reports include cybersecurity threat landscape initiatives changes legal regulatory landscape incidents."
}
{
    "_id": "JNJ20230194",
    "title": "",
    "text": "subsidiaries operate 61 facilities. million square feet. segments Innovative Medicine,026 MedTech Worldwide Total"
}
{
    "_id": "JNJ20230195",
    "title": "",
    "text": "U. five Innovative Medicine 18 MedTech. 13 Innovative Medicine 25 MedTech."
}
{
    "_id": "JNJ20230202",
    "title": "",
    "text": "manufacturing Area Facilities Feet United States,973 Europe,900 Western Hemisphere. Africa Asia Pacific Worldwide#9,808"
}
{
    "_id": "JNJ20230203",
    "title": "",
    "text": "facilities Company maintains office warehouse facilities."
}
{
    "_id": "JNJ20230204",
    "title": "",
    "text": "subsidiaries own manufacturing facilities. Office warehouse leased. engages contract manufacturers."
}
{
    "_id": "JNJ20230205",
    "title": "",
    "text": "committed maintaining properties operating."
}
{
    "_id": "JNJ20230206",
    "title": "",
    "text": "additions property plant equipment Note 17 Financial Statements Item 8."
}
{
    "_id": "JNJ20230208",
    "title": "",
    "text": "incorporated Note 19 Legal proceedings Consolidated Financial Statements Item 8."
}
{
    "_id": "JNJ20230211",
    "title": "",
    "text": "."
}
{
    "_id": "JNJ20230225",
    "title": "",
    "text": "executive officers Company. no family relationships arrangement. elected one year until successors resignation. Vanessa Broadhurst Vice President Global Corporate Affairs Joaquin Duato Chief Executive Officer Peter M. Fasolo Ph. Human Resources Officer Elizabeth Forminard General Counsel William N. Hait. Chief External Innovation Medical Officer John C. Reed. Vice President Tim Schmid MedTech James Swanson Chief Information Officer Jennifer L. Taubert Innovative Medicine Kathryn E. Wengel Chief Technical Operations Risk Officer Joseph J. Wolk Chief Financial Officer"
}
{
    "_id": "JNJ20230226",
    "title": "",
    "text": ". Broadhurst Executive Vice President Committee 2022. 2017 Chairman Commercial Strategy 2018. 2013 2017 General Manager Amgen Inflammation Cardiovascular. leadership 2005-2013."
}
{
    "_id": "JNJ20230227",
    "title": "",
    "text": ". Duato Chairman Board 2023 Chief Executive Officer Director 2022. Committee 2016 Vice President Worldwide Chairman Pharmaceuticals Vice Chairman. joined 1989 Janssen-Farmaceutica. executive positions sectors geographies."
}
{
    "_id": "JNJ20230228",
    "title": "",
    "text": ". Fasolo Executive Committee 2011 Vice President Resources 2016. joined 2004 Vice President MedTech Chief Talent Officer. left 2007 Kohlberg Kravis Roberts. 2010 Resources."
}
{
    "_id": "JNJ20230229",
    "title": "",
    "text": ". Forminard Vice President Counsel Committee October 2022. joined 2006, Medical Devices Consumer Group Supply Chain President Governance Pharmaceuticals."
}
{
    "_id": "JNJ20230230",
    "title": "",
    "text": ". Hait Vice President Innovation Safety Health Officer Executive Committee. joined 2007 leadership roles"
}
{
    "_id": "JNJ20230232",
    "title": "",
    "text": "Janssen 2011 2018 Johnson Johnson 2022."
}
{
    "_id": "JNJ20230233",
    "title": "",
    "text": ". Reed joined Company 2023 Executive Vice President Innovative Medicine member Executive Committee. Sanofi Roche. CEO Sanford-Burnham Medical Research Institute established research centers centers."
}
{
    "_id": "JNJ20230234",
    "title": "",
    "text": ". Schmid Vice President Chairman MedTech 2023. joined 1993 Strategic Officer President Ethicon Chairman MedTech Asia Pacific 2018-2023."
}
{
    "_id": "JNJ20230235",
    "title": "",
    "text": ". Swanson Vice President Chief Information Officer Executive Committee 2022. rejoined 2019 Bayer Crop Science Leadership Digital Transformation. 1996 2005,. Project Manager Director. Director Vice President."
}
{
    "_id": "JNJ20230236",
    "title": "",
    "text": ". Taubert Vice President Worldwide Chairman Innovative Medicine Executive Committee 2018. joined 2005 positions North America Americas 2012-2018."
}
{
    "_id": "JNJ20230237",
    "title": "",
    "text": ". Wengel Executive Vice President Operations Risk Officer 2023 2018 Supply Chain. joined 1988 Project Engineer Supervisor Janssen subsidiary. held strategic leadership executive positions operations quality engineering products technology."
}
{
    "_id": "JNJ20230239",
    "title": "",
    "text": ". Wolk Vice President Chief Financial Officer Committee July 2018. joined 1998 Finance Manager Ortho-McNeil subsidiary. senior leadership roles Vice Janssen Pharmaceutical Investor Relations."
}
{
    "_id": "JNJ20230241",
    "title": "",
    "text": "equity stockholder purchases securities"
}
{
    "_id": "JNJ20230242",
    "title": "",
    "text": "February 9 2024 118,772 holders common stock. Additional information sections Note 16 Stock Stock Option Plans Compensation 8 12 Ownership Owners Management Equity Compensation Plan."
}
{
    "_id": "JNJ20230244",
    "title": "",
    "text": "September 14 2022 Company approved repurchase $5. billion Common Stock. completed quarter 2023."
}
{
    "_id": "JNJ20230250",
    "title": "",
    "text": "table common stock purchases fourth quarter 2023. purchases plan compensation programs. repurchases include stock-for-stock option exercises. Period Shares. Price Paid Per Share Plans Programs Value October 2, 2023 October 29, 2023 November 26, 2023$147. November 27, December 31, 2023,265,000$156. 76 Total,390,000"
}
{
    "_id": "JNJ20230251",
    "title": "",
    "text": "fourth quarter 2023 repurchased 1,390,000 shares Johnson & Johnson Common Stock compensation programs."
}
{
    "_id": "JNJ20230254",
    "title": "",
    "text": "analysis results financial"
}
{
    "_id": "JNJ20230257",
    "title": "",
    "text": "Johnson & Johnson subsidiaries 131,900 employees research manufacture sale healthcare. business countries focus human health well-being."
}
{
    "_id": "JNJ20230258",
    "title": "",
    "text": "Company Innovative Medicine MedTech. Immunology Infectious diseases Neuroscience Oncology Pulmonary Hypertension Cardiovascular Metabolic diseases. retailers wholesalers distributors hospitals professionals. MedTech Orthopaedic Surgery Interventional Solutions Vision."
}
{
    "_id": "JNJ20230259",
    "title": "",
    "text": "Executive Committee Johnson & Johnson strategic operations resources. Innovative Medicine MedTech."
}
{
    "_id": "JNJ20230260",
    "title": "",
    "text": "product lines Company competes locally globally. Competition exists without size. Competition research improvement new products processes significant. development products protecting intellectual property important success. competitive environment requires investments research."
}
{
    "_id": "JNJ20230262",
    "title": "",
    "text": "heart science ingenuity health. believes health everything. healthcare innovation diseases prevented treatments smarter less invasive solutions personal. expertise Innovative Medicine MedTech positioned healthcare solutions deliver breakthroughs impact health."
}
{
    "_id": "JNJ20230263",
    "title": "",
    "text": "products years 25% 2023 sales. $15. 1 billion invested research-enhancing innovations value partnerships."
}
{
    "_id": "JNJ20230265",
    "title": "",
    "text": "success diversity 131,900 employees. empowered inspired lead Credo purpose. reach purpose agility urgency. Leveraging resources execute excellence. unmet needs impact delivering value patients consumers healthcare professionals employees communities shareholders."
}
{
    "_id": "JNJ20230270",
    "title": "",
    "text": "acquisitions research assets not accounted"
}
{
    "_id": "JNJ20230275",
    "title": "",
    "text": "operations financial fiscal years 2022 2021 Annual Report Form 10-K year 2023 Item 7. Management. Prior periods operations."
}
{
    "_id": "JNJ20230281",
    "title": "",
    "text": "2023 sales increased. 5% $85. 2 billion. 6% 2022. changes increase Volume. 8. Price. Currency. Total. 5."
}
{
    "_id": "JNJ20230282",
    "title": "",
    "text": "acquisitions sales growth. 5% 2023 no 2022."
}
{
    "_id": "JNJ20230283",
    "title": "",
    "text": ". $46. billion 2023 $42. billion 2022. 6%. 3%. international $38. 7 billion $38. billion. 9%. 2%."
}
{
    "_id": "JNJ20230284",
    "title": "",
    "text": "five-year growth. sales 4. 7% 2%. 1%. ten-year. sales 2% 7%. 6%."
}
{
    "_id": "JNJ20230285",
    "title": "",
    "text": "2023 sales Europe. 2% operational 2. 2% positive currency. 0%. impact Covid-19 Vaccine loss exclusivity Zytiga sales negative 9. 8%. Western Hemisphere. 7% operational. 8% negative currency. 1%. Asia-Pacific Africa 3. operational growth. 5% negative currency. 6%."
}
{
    "_id": "JNJ20230287",
    "title": "",
    "text": "2023 three wholesalers 18. 2% 15. 1%. 2%. 2022 three 18. 9% 15. 13. 8%."
}
{
    "_id": "JNJ20230294",
    "title": "",
    "text": "Medicine sales 2023 $54. billion. 2% growth. 8% negative currency. 6%. $31. 2 billion. International $23. 6 billion. 5% decline. negative currency. 3%. divestitures. 1%."
}
{
    "_id": "JNJ20230327",
    "title": "",
    "text": "Innovative Medicine sales Millions Immunology$18,052$16,935. REMICADE#2,343. SIMPONI,197,184. STELARA,858,723. TREMFYA,147,668. Other Immunology. Total Infectious Diseases,449. COVID-19 VACCINE,117,179. EDURANT/rilpivirine,150. PREZISTA PREZCOBIX/REZOLSTA/SYMTUZA#1,943. Other Infectious Diseases#318. Total Neuroscience,140#6,893. CONCERTA/methylphenidate#644.INVEGA SUSTENNA TRINZA,115,140. SPRAVATO#374. Other#1,553#1,734. Total Oncology,661,983. CARVYKTI#133 DARZALEX,744#7,977. ERLEADA,387. IMBRUVICA,264,784. ZYTIGA acetate#1,770. Other Oncology#438 Total Pulmonary Hypertension,815#3,417. OPSUMIT#1,973#1,783. UPTRAVI#1,582,322. Other Pulmonary Hypertension#313. Total Cardiovascular Metabolism Other,671,887.,365,473.,306#1,414. Total Innovative Medicine Sales$54,759#52,563."
}
{
    "_id": "JNJ20230333",
    "title": "",
    "text": "Immunology $18. billion 2023. 6%. sales STELARA patient mix market Inflammatory Bowel Disease. TREMFYA market mix. SIMPONI outside U. S. Lower sales REMICADE biosimilar competition."
}
{
    "_id": "JNJ20230334",
    "title": "",
    "text": "Biosimilar REMICADE introduced United States markets outside competitors. competition sales REMICADE."
}
{
    "_id": "JNJ20230335",
    "title": "",
    "text": "Sales STELARA $7. billion 2023. parties filed License Applications FDA. settled litigation Biosimilar Price Competition Innovation Act 2009. launch biosimilar January 1, 2025."
}
{
    "_id": "JNJ20230336",
    "title": "",
    "text": "Infectious sales $4. billion 2023. COVID-19 vaccine exclusivity PREZISTA."
}
{
    "_id": "JNJ20230337",
    "title": "",
    "text": "Neuroscience sales $7. billion 2023. 6%. growth SPRAVATO launches physician confidence demand. offset declines paliperidone injectables. XEPLION loss."
}
{
    "_id": "JNJ20230338",
    "title": "",
    "text": "Oncology $17. 7 billion 2023. 5%. DARZALEX driven share gains market growth. ERLEADA gains market growth Metastatic Prostate Cancer. CARVYKTI driven launch share gains capacity improvement. TECVAYLI TALVEY. offset ZYTIGA IMBRUVICA pressures."
}
{
    "_id": "JNJ20230339",
    "title": "",
    "text": "Hypertension sales $3. billion. 6%. mix share gains market growth UPTRAVI OPSUMIT declines."
}
{
    "_id": "JNJ20230340",
    "title": "",
    "text": "Cardiovascular sales $3. 7 billion. XARELTO patient mix access changes."
}
{
    "_id": "JNJ20230342",
    "title": "",
    "text": "Company no delivery billing location. impacts pharmacy transactions non-grantee 340B entities drugs exceptions. grantee non-grantee entities maintain pharmacy arrangements exceptions. 340B discounts drugs believes inappropriate discounts diversion 340B. 340B Drug Pricing Program. federal discounts drugs. policy impacted sales 2023."
}
{
    "_id": "JNJ20230356",
    "title": "",
    "text": "2023 Company submissions approvals new indications AKEEGA (Niraparib Abiraterone Acetate Dual Action Tablet BRCA-Positive Prostate Cancer BALVERSA (erdafitinib Urothelial Carcinoma Fibroblast Growth Factor Receptor Alterations CARVYKTI Relapsed multiple myeloma EDURANT (rilpivirine pediatric patients ERLEADA (apalutamide OPSUMIT OPSYNVI (mecitentan/tadalafil RYBREVANT (amivantamab Chemotherapy Advanced Non Cell Lung Cancer EGFR Mutations RYBREVANT lazertinib TECVAYLI Relapsed Refractory Multiple MyeBiweekly Dosing Relapsed Multiple Myeloma"
}
{
    "_id": "JNJ20230359",
    "title": "",
    "text": "MedTech sales 2023 $30. 4 billion. 8% 4% negative currency. 6%. U. S. $15. 3 billion. 2%. International $15. 1 billion. 7% operational. negative currency. divestitures 6% Abiomed acquisition."
}
{
    "_id": "JNJ20230377",
    "title": "",
    "text": "MedTech franchise sales Millions Change Change Surgery$10,037#9,690. Advanced#4,671#4,569. General,366,121. Orthopaedics#8,587. Hips. Knees,359. Trauma,979#2,871. Spine Sports Other,947#2,843. Interventional Solutions,350,300. Electrophysiology#3,937. Abiomed,306 Other Interventional Solutions#332. Vision,072#4,849. Contact Lenses/Other,702#3,543. Surgical,370,306. Total MedTech Sales$30,400#27,427.. 4##."
}
{
    "_id": "JNJ20230379",
    "title": "",
    "text": "Surgery franchise sales $10. billion 2023. 6% 2022. Advanced Surgery driven Biosurgery products Endocutters. offset procurement. General Surgery increased procedures technology Wound Closure portfolio."
}
{
    "_id": "JNJ20230380",
    "title": "",
    "text": "Orthopaedics sales $8. 9 billion 2023 increase. 1% 2022. hips offset procurement Russia sanctions. knees driven procedures Robotic. offset stocking outside. Trauma global procedures products. offset procurement. Spine Sports Digital Solutions Shoulders Sports Craniomaxillofacial Russia sanctions supply constraints."
}
{
    "_id": "JNJ20230381",
    "title": "",
    "text": "Interventional Solutions $6. 4 billion 2023. 7% 2022 Abiomed. Electrophysiology grew growth product execution. offset volume procurement China. Abiomed sales Impella."
}
{
    "_id": "JNJ20230383",
    "title": "",
    "text": "Vision franchise $5. 1 billion 2023. 6% 2022. Contact Lenses growth ACUVUE OASYS 1-Day launches. offset. stocking Russia sanctions supply challenges. Surgical growth driven cataract stocking. offset Russia sanctions."
}
{
    "_id": "JNJ20230385",
    "title": "",
    "text": "earnings taxes $15. billion $19. 4 billion 2023 2022. 7%. 2% 2023 2022."
}
{
    "_id": "JNJ20230387",
    "title": "",
    "text": "billions. Percentages total sales"
}
{
    "_id": "JNJ20230390",
    "title": "",
    "text": "products sold selling marketing administrative expenses"
}
{
    "_id": "JNJ20230391",
    "title": "",
    "text": "billions. Percentages total sales"
}
{
    "_id": "JNJ20230392",
    "title": "",
    "text": "products"
}
{
    "_id": "JNJ20230394",
    "title": "",
    "text": "products inflation mix restructuring inventory Abiomed amortization MedTech"
}
{
    "_id": "JNJ20230396",
    "title": "",
    "text": "COVID-19 costs 2023 Innovative Medicine"
}
{
    "_id": "JNJ20230397",
    "title": "",
    "text": "intangible asset $4. $3. billion 2023 2022."
}
{
    "_id": "JNJ20230399",
    "title": "",
    "text": "Selling"
}
{
    "_id": "JNJ20230401",
    "title": "",
    "text": "Selling Marketing Administrative Expenses Innovative Medicine MedTech businesses"
}
{
    "_id": "JNJ20230403",
    "title": "",
    "text": "increase"
}
{
    "_id": "JNJ20230404",
    "title": "",
    "text": "Development"
}
{
    "_id": "JNJ20230412",
    "title": "",
    "text": "Research development expense segment business Millions Sales Innovative Medicine$11. MedTech. Total research development expense$15.$14. Percent increase prior year. percent segment sales"
}
{
    "_id": "JNJ20230413",
    "title": "",
    "text": "Research development business. expenditures discovering testing products upfront payments milestones improving efficacy regulatory compliance. high quality innovative products."
}
{
    "_id": "JNJ20230416",
    "title": "",
    "text": "Research Development flat sales driven milestone payments Innovative Medicine research MedTech 2023"
}
{
    "_id": "JNJ20230418",
    "title": "",
    "text": "Innovative Medicine"
}
{
    "_id": "JNJ20230419",
    "title": "",
    "text": "-Process Research Impairments 2023 $0. 3 billion. 2 billion market dynamics non-strategic asset (M710) Momenta Pharmaceuticals 2020 2022 intangible impairment $0. 8 billion bermekimab drug Atopic Dermatitis Hidradenitis Suppurativa. development bermekimab. acquired rights bermekimab XBiotech. 2020."
}
{
    "_id": "JNJ20230421",
    "title": "",
    "text": "Expense Net records gains losses sale write-down Johnson Johnson Innovation. fair value employee benefit programs divestitures currency acquisition divestiture costs accruals settlements royalty income."
}
{
    "_id": "JNJ20230430",
    "title": "",
    "text": "(income expense fiscal year 2023 unfavorable $5. 8 billion prior year due/Expense Litigation. Changes fair value securities(2). COVID-19 vaccine manufacturing exit costs. Acquisition Integration Divestiture. Employee benefit plan. (Income Expense$6. 6."
}
{
    "_id": "JNJ20230431",
    "title": "",
    "text": "$7. billion talc Note 19 Statements property. 3 billion. 2022 pelvic mesh."
}
{
    "_id": "JNJ20230432",
    "title": "",
    "text": "fiscal 2023. billion change Kenvue. billion Idorsia debt change Idorsia equity securities."
}
{
    "_id": "JNJ20230433",
    "title": "",
    "text": "Ponvory acquisition Abiomed. 2022 acquisition Abiomed."
}
{
    "_id": "JNJ20230434",
    "title": "",
    "text": "2023 $1. 3 billion $0. 5 billion 2022 higher. expense $0. 8 billion. higher debt. Cash equivalents securities $22. 9 billion 2023 $22. 6 billion $22. 3 $26. 9 billion 2022. debt 2023 $29. 3 billion $34. 5 billion $39. 6 billion 2022 $36. 7 billion. lower Abiomed. lower debt repayment commercial paper."
}
{
    "_id": "JNJ20230443",
    "title": "",
    "text": "Income tax segment Sales Millions Innovative Medicine$18,246,647#54,759. MedTech####4,447,400. Segment earnings,915,159,990. Expenses not allocated Worldwide income before tax$15,062,359#85,159,990."
}
{
    "_id": "JNJ20230444",
    "title": "",
    "text": "Note 17 Statements."
}
{
    "_id": "JNJ20230445",
    "title": "",
    "text": "not allocated include interest. 2023 $7. billion charge. 4 billion change stake Kenvue."
}
{
    "_id": "JNJ20230447",
    "title": "",
    "text": "Medicine"
}
{
    "_id": "JNJ20230454",
    "title": "",
    "text": "Innovative Medicine income. 3%. 8% 2022. COVID-19 Vaccine exit costs. 7 billion $1. 5 billion research development impairments. 2 billion. billion value securities. 4 billion. expense. 2 billion selling marketing expenses&D Portfolio prioritization"
}
{
    "_id": "JNJ20230458",
    "title": "",
    "text": ". billion. billion 2022 Ponvory milestone payments"
}
{
    "_id": "JNJ20230459",
    "title": "",
    "text": "segment"
}
{
    "_id": "JNJ20230463",
    "title": "",
    "text": "2023 MedTech income tax 15. 4% 16. 2% 2022. amortization expense $0. 5 billion Abiomed $0. 4 billion asset Laminar inflation"
}
{
    "_id": "JNJ20230467",
    "title": "",
    "text": "litigation. billion. 6 billion 2022 Abiomed. 2 billion. 3 billion 2022 marketing expenses"
}
{
    "_id": "JNJ20230468",
    "title": "",
    "text": "fiscal 2023 Company Innovative Medicine promising medicines benefit. programs. exits infectious diseases vaccines vaccine hepatitis HIV. pre-tax restructuring $0. 5 billion 2023 $449 million Restructuring $30 million Consolidated Statement Earnings termination costs asset impairments."
}
{
    "_id": "JNJ20230469",
    "title": "",
    "text": "2023 Company restructuring Orthopaedics franchise markets product lines distribution. pre-tax restructuring $0. 3 billion $40 million Restructuring $279 million Cost inventory instrument charges exits."
}
{
    "_id": "JNJ20230470",
    "title": "",
    "text": "2022 Company pre-tax charge. 4 billion Global Supply Chain. announced 2018 completed 2022."
}
{
    "_id": "JNJ20230472",
    "title": "",
    "text": "20 Consolidated Statements restructuring."
}
{
    "_id": "JNJ20230473",
    "title": "",
    "text": "Taxes tax. 5% 2023. 4% 2022."
}
{
    "_id": "JNJ20230474",
    "title": "",
    "text": "December 15, 2022 European adopted Pillar Two Directive minimum tax rate 15% supported 130 countries. December 31, 2023 EU non-EU countries enacted Pillar 2 legislation January 1, 2024 2025. 2024 tax rate 1. 5% 150 points 2023. legislation events impact estimate."
}
{
    "_id": "JNJ20230475",
    "title": "",
    "text": "2023 Note 8 Consolidated Statements."
}
{
    "_id": "JNJ20230478",
    "title": "",
    "text": "$21. billion 2023 $14. billion 2022."
}
{
    "_id": "JNJ20230486",
    "title": "",
    "text": "sources $7. 8 billion increase $14. 2022 equivalents. operating. investing. financing. exchange rate rounding $21. 2023 equivalents"
}
{
    "_id": "JNJ20230487",
    "title": "",
    "text": "Company $1. billion 2023 $9. 4 billion 2022. 1 Consolidated Statements cash securities."
}
{
    "_id": "JNJ20230496",
    "title": "",
    "text": "Cash $22. 8 billion $35. Earnings. Kenvue separation sale deferred tax non-cash expenses adjustments depreciation amortization stock compensation write-downs. liabilities. assets. accounts payable accrued liabilities. accounts receivable inventories $22."
}
{
    "_id": "JNJ20230505",
    "title": "",
    "text": "Cash flow investing activities $0. 9 billion due. property equipment. disposal. research development. sales investments (3. support agreements. cash"
}
{
    "_id": "JNJ20230517",
    "title": "",
    "text": "Cash $15. 8 billion due. common stock. repayment short long term debt. stock options withholding tax. support agreements. short long debt issuance cost Kenvue. Kenvue initial public offering. transferred Kenvue separation. cash financing"
}
{
    "_id": "JNJ20230518",
    "title": "",
    "text": "December 2023 Company-term debt cash equivalents securities. net debt $6. 4 billion $17. 4 billion. debt balance 2023 $29. 3 billion $39. 6 billion 2022. re-evaluated cash flows liquidity risk. cash flows borrowing capacity commercial paper markets remaining balance opioid litigation $2. 1 billion $9 billion reserve talc Note 19 Financial Statements. monitors capital markets raise capital."
}
{
    "_id": "JNJ20230519",
    "title": "",
    "text": "May 8 2023 Kenvue 198,734,444 shares $0. 01 share $22. 00 share proceeds $4. 2 billion. excess Johnson & Johnson $2. 5 billion capital. Johnson Johnson 89. 6% shares Kenvue July 2, 2023 non interest $1. 3 billion balance."
}
{
    "_id": "JNJ20230520",
    "title": "",
    "text": "August 23, 2023 Johnson Johnson. 1% Kenvue Common Stock 190,955,436 1,533,830,450. $31. 4 billion Treasury. owns 9. 5% Kenvue $4. 3 billion August 23, $3. 9 billion December 31, 2023."
}
{
    "_id": "JNJ20230522",
    "title": "",
    "text": "Johnson $11. billion August 2023 loss Consumer Health $4. 3 billion. exchange"
}
{
    "_id": "JNJ20230523",
    "title": "",
    "text": "Johnson Johnson decreased non-controlling interest $1. 2 billion deconsolidation Kenvue. gain exchange $21. billion earnings third quarter 2023. $2. 8 billion Kenvue Common Stock. tax-free."
}
{
    "_id": "JNJ20230524",
    "title": "",
    "text": "14 2022 Company repurchase $5. billion Common Stock. $2. 5 billion repurchased. 2023 $2. 5 billion repurchased."
}
{
    "_id": "JNJ20230533",
    "title": "",
    "text": "table summarizes obligations maturities December 31, 2023 cash. Legislation Obligations 2024,341 2025,700,025 2026,741 2027 2028#691 2028,539#8,706,245 Total$4,565,350#12,509#44,424"
}
{
    "_id": "JNJ20230534",
    "title": "",
    "text": "tax 8 Statements."
}
{
    "_id": "JNJ20230537",
    "title": "",
    "text": "Company uses financial instruments impact foreign exchange rate changes cash flows. enters exchange contracts assets liabilities future transactions product costs. Gains losses offset underlying transactions. 10% appreciation. Dollar unrealized value contracts $0. 1 billion. 10% depreciation. $0. 1 billion. offset underlying transaction impact future earnings cash flows."
}
{
    "_id": "JNJ20230538",
    "title": "",
    "text": "Company hedges assets currency swap contracts. 1% change spread U. S. foreign interest rates unrealized value swap contracts $1. 6 billion. maturity swap contract offset underlying transaction impact future cash flows."
}
{
    "_id": "JNJ20230539",
    "title": "",
    "text": "Company trading speculative. investment grade credit rating. counterparties institutions no concentration exposure. risk loss remote. credit support agreements derivative counterparties collateral thresholds credit ratings. Note 6 Consolidated Financial Statements."
}
{
    "_id": "JNJ20230540",
    "title": "",
    "text": "Company invests fixed floating securities risk. value fixed interest rates floating less income rates. 1% change spread interest investments value cash equivalents securities less $0. 8 billion."
}
{
    "_id": "JNJ20230541",
    "title": "",
    "text": "Company banks. 2023 secured 364-day Credit Facility $10 billion expires September 5 2024. terminated 364-day Credit Facility $10 billion November 21, 2023. Interest market margins. Commitment fees."
}
{
    "_id": "JNJ20230542",
    "title": "",
    "text": "borrowings 2023 2022 $29. 3 billion $39. 6 billion. repayment commercial paper. $6. 4 billion $17. 4 billion 2022. debt. 2023 34. 2022 equity share $28. 57 $29."
}
{
    "_id": "JNJ20230543",
    "title": "",
    "text": "borrowings 7 Consolidated Statements."
}
{
    "_id": "JNJ20230545",
    "title": "",
    "text": "increased dividend 61st. dividends $4. 45 2022."
}
{
    "_id": "JNJ20230547",
    "title": "",
    "text": "January 2 dividend $1. 19 share March 5 2024 shareholders."
}
{
    "_id": "JNJ20230550",
    "title": "",
    "text": "financial condition consolidated financial statements accounting principles. estimates assumptions revenues expenses assets liabilities disclosures. results differ. understanding accounting policies estimates results financial condition. revenue recognition income taxes legal self-insurance contingencies valuation long-lived assets assumptions pensions benefit plans stock awards."
}
{
    "_id": "JNJ20230551",
    "title": "",
    "text": "Revenue Recognition Company recognizes revenue sales obligations. global payment terms 30 to 90 days. rebates sales incentives promotions coupons returns discounts clawback sales."
}
{
    "_id": "JNJ20230552",
    "title": "",
    "text": "discounts arrangements market participants conditions competitor pricing. Rebates estimated terms experience patient outcomes trend analysis market conditions markets. Company evaluates market research data internally information."
}
{
    "_id": "JNJ20230553",
    "title": "",
    "text": "Sales returns estimated recorded historical. unusual patterns dating competition marketing investigated analyzed."
}
{
    "_id": "JNJ20230554",
    "title": "",
    "text": "Sales returns reserve products returned expiration recall. based on trends sales. issues credit for returned goods. accounted U. S GAAP. recorded at full sales value. Innovative Medicine not resalable. MedTech resalable. exchanges for returned. returns reserve less than 1. 0% of annual net trade sales 2023 2022 2021."
}
{
    "_id": "JNJ20230555",
    "title": "",
    "text": "Promotional programs product listing recorded sales volume-based incentive programs. estimated sales recorded sold. evaluated revenue. Company earns profit-share payments included sales. Profit-share payments less than 2. 0% 2023 less than 3. 0% 2022 2021."
}
{
    "_id": "JNJ20230556",
    "title": "",
    "text": "Company enters revenue activities. Amounts due recognized selling price. Upfront fees deferred recognized performance. Note 1 Consolidated Financial Statements."
}
{
    "_id": "JNJ20230557",
    "title": "",
    "text": "changes assumptions rebates returns promotions financial statements. Company discloses impact quarterly annual filing financial impact."
}
{
    "_id": "JNJ20230559",
    "title": "",
    "text": "tables rebates returns promotions accounts cash discounts years December January 1."
}
{
    "_id": "JNJ20230577",
    "title": "",
    "text": "Millions End 2023 rebates$12,289(45,151,661 returns promotions$12,939,867,301 Reserve doubtful accounts cash discounts,386,385$13,093,253,445 2022 rebates$10,331,289 returns promotions Subtotal$10,854(41,390,939 Reserve doubtful accounts cash discounts(1,265) Total$10,998,756(42,661,093"
}
{
    "_id": "JNJ20230580",
    "title": "",
    "text": "rebates $165 million $203 million January asset."
}
{
    "_id": "JNJ20230598",
    "title": "",
    "text": "Millions Credits End 2023$1,470,241,256 returns promotions$1,647(6,912) Reserve doubtful accounts cash discounts#96$1,781(7,037) rebates(1)$1,446,131,107)#1,470 returns#531 promotions$1,634(6,751)#1,647 Reserve doubtful accounts cash discounts#99$1,792(6,880)"
}
{
    "_id": "JNJ20230599",
    "title": "",
    "text": "rebates $740 million $802 million January asset."
}
{
    "_id": "JNJ20230600",
    "title": "",
    "text": "Income Taxes refundable payable difference. GAAP accounting tax reporting deferred tax assets liabilities. Company estimates tax regulations rates. affect."
}
{
    "_id": "JNJ20230601",
    "title": "",
    "text": "Company unrecognized tax benefits uncertain positions. follows. GAAP threshold measurement attribute financial tax position. changes results cash flows financial position."
}
{
    "_id": "JNJ20230602",
    "title": "",
    "text": "Company recorded deferred tax liabilities earnings December 31, 2017 international subsidiaries. not provided deferred taxes earnings January 1, 2018 indefinitely reinvested. intends continue. earnings. net tax effects. estimates tax effect approximately $0. 5 billion laws rates. foreign tax credits offset cost."
}
{
    "_id": "JNJ20230603",
    "title": "",
    "text": "Note 8 Consolidated Financial Statements."
}
{
    "_id": "JNJ20230604",
    "title": "",
    "text": "Legal Self Insurance Contingencies Company records accruals contingencies legal product liability. accruals judgment probability losses estimates. self insurance-owned captive. claims coverage accrued losses estimated."
}
{
    "_id": "JNJ20230605",
    "title": "",
    "text": "Company. GAAP litigation contingencies. liability recorded loss."
}
{
    "_id": "JNJ20230607",
    "title": "",
    "text": "Notes 19 Statements liability proceedings."
}
{
    "_id": "JNJ20230608",
    "title": "",
    "text": "Long-Lived Intangible Assets Company assesses economic assumptions cash flows property plant equipment goodwill intangible assets. assumptions impairment charges."
}
{
    "_id": "JNJ20230609",
    "title": "",
    "text": "Employee Benefit Company sponsors retirement pension defined benefit termination indemnity. discount return mortality salary healthcare attrition. Note 10 Financial Statements."
}
{
    "_id": "JNJ20230610",
    "title": "",
    "text": "Stock Based Compensation Company recognizes compensation issuance equity instruments. fair value estimated Black-Scholes expensed financial statements period. assumptions expected life volatility risk-free rate dividend yield. performance share units fair market value calculated operational earnings per share shareholder return. earnings per share estimated fair market value discounted dividends not. total shareholder return estimated Monte Carlo valuation model. Note 16 Consolidated Financial Statements."
}
{
    "_id": "JNJ20230613",
    "title": "",
    "text": "Note 1 Consolidated Financial Statements adopted December 2023."
}
{
    "_id": "JNJ20230615",
    "title": "",
    "text": "Company products policymakers consumers businesses rising cost healthcare. policy pricing responsibly. 2013 - 2023. growth rate net price increases healthcare products below U. S. Consumer Price Index)."
}
{
    "_id": "JNJ20230616",
    "title": "",
    "text": "Company operates countries economic conditions challenges. actions. Inflation rates economies companies. operations Argentina Venezuela Turkey 2022 highly inflationary prior three-year inflation surpassed 100%. results. profit margins cost reduction productivity improvements price increases."
}
{
    "_id": "JNJ20230617",
    "title": "",
    "text": "December 2023 Argentine government devalued peso 50%. Company recorded $130 million inflationary accounting. Argentine subsidiaries less. 0% assets liabilities revenues profits exchange rate 2024 results."
}
{
    "_id": "JNJ20230618",
    "title": "",
    "text": "July 2023 Janssen Pharmaceuticals. litigation. Department Health Services Centers Medicare Medicaid Medicare Drug Price Negotiation Program. violates First Fifth Amendment not subject pricing."
}
{
    "_id": "JNJ20230620",
    "title": "",
    "text": "-term implications invasion Ukraine difficult financial impact conflict fiscal year 2023 not material. Russian subsidiaries less 1% assets 1% revenues. maintain Ukraine subsidiaries Kenvue separation."
}
{
    "_id": "JNJ20230621",
    "title": "",
    "text": "early March 2022 Company advertising clinical trials investment Russia. products healthcare."
}
{
    "_id": "JNJ20230623",
    "title": "",
    "text": "long-term Israel conflict difficult financial impact fiscal year 2023 material. 2023 Israel subsidiaries 1% assets less than 1% revenues."
}
{
    "_id": "JNJ20230624",
    "title": "",
    "text": "Company exposed currency exchange. 1% change. Dollar foreign currencies 2023 foreign sales. 4 billion net income. 2 billion."
}
{
    "_id": "JNJ20230625",
    "title": "",
    "text": "Governments consider tax laws increasing tax rates. companies disclose information tax greater audit scrutiny profits. change tax rate revaluation Company’s deferred tax assets liabilities. expense benefit Company’s Consolidated Statement of Earnings. Company monitors proposals. Changes tax rate may occur related expense benefit material to fiscal quarter year law."
}
{
    "_id": "JNJ20230626",
    "title": "",
    "text": "Company healthcare changes pricing cost containment legislation promotions pricing reimbursement."
}
{
    "_id": "JNJ20230627",
    "title": "",
    "text": "healthcare delaying procedures rationing medications reducing visits foregoing insurance impact businesses."
}
{
    "_id": "JNJ20230629",
    "title": "",
    "text": "Company operates environment hostile intellectual property rights. Firms filed New Drug Product U. FDA challenged Company patents market generic biosimilar forms products prior expiration patents. patent claims generic biosimilar versions introduced market share revenue losses non impairment charge intangible asset. risk competitors launch generic biosimilar regulatory approval valid patents."
}
{
    "_id": "JNJ20230631",
    "title": "",
    "text": "Johnson Johnson subsidiaries liability intellectual property employment indemnification governmental investigations legal proceedings."
}
{
    "_id": "JNJ20230632",
    "title": "",
    "text": "Company records accruals for loss contingencies probable liability estimated. As December 31, 2023 determined liabilities litigation probable estimated. accrued monitor adjust accruals new information ASC 450-20-25, Contingencies. loss probable unable estimate loss beyond amounts accrued. Amounts accrued contingencies result from complex judgments estimates assumptions. affected by factors damages unsubstantiated discovery early legal uncertainties facts dispute procedural jurisdictional issues claims settlements complexity cross-claims counterclaims numerous parties. adverse awards judgments verdicts rendered against Company record accrual until loss probable estimated."
}
{
    "_id": "JNJ20230633",
    "title": "",
    "text": "Company's opinion examination experience discussions counsel ultimate outcome legal proceedings net liabilities not expected financial position. resolution increase accruals period may's results operations cash flows."
}
{
    "_id": "JNJ20230634",
    "title": "",
    "text": "Note 19 Consolidated Financial Statements 8."
}
{
    "_id": "JNJ20230636",
    "title": "",
    "text": "Stock New York Stock Exchange JNJ. 2024 118,772 holders."
}
{
    "_id": "JNJ20230639",
    "title": "",
    "text": "information 7. financial condition Liquidity capital resources Financing market risk Note 1 accounting policies Financial instruments Statements Item 8."
}
{
    "_id": "JNJ20230646",
    "title": "",
    "text": "balance sheets statements earnings income equity cash flows"
}
{
    "_id": "JNJ20230649",
    "title": "",
    "text": "accounting firm ID 238) financial reporting"
}
{
    "_id": "JNJ20230696",
    "title": "",
    "text": "Millions Amounts Cash equivalents$21,859,889 securities,392 Accounts receivable $166,039 Inventories,181,268 Prepaid expenses receivables#2,876 assets operations,495,294 Property plant equipment,898,982 Intangible assets,175,489 Goodwill,558#36,047 Deferred taxes,279 assets,153,212 Noncurrent assets$167,558,378 Liabilities Equity liabilities Loans$3,451,756 Accounts payable#9,889 Accrued liabilities,212,719 rebates returns promotions,001,579 compensation obligations taxes,993,220 liabilities,282,802 Long-term debt,886 Deferred taxes,193#3,991 Employee obligations9 10,149 taxes,306,398,146 discontinued operations,901,784,574 Commitments Contingencies Preferred stock 2,000,000 shares Common stock $1. share 4,320,000,000 shares issued 3,119,843,000 shares income,967 earnings,843,345 common stock (712,765,000 506,246,000,662 equity,774 liabilities,558,378"
}
{
    "_id": "JNJ20230726",
    "title": "",
    "text": "Shares Millions Share Sales$85,159,990,740 products,553#24,596,402 Gross profit,606,394,338 Selling marketing administrative expenses,246,118 Research development,085,135,277 research Interest income,261) expense#276#183 expense#810#526 Restructuring#275 Earnings taxes,062,359,178,989,377 earnings operations,326,370,801 discontinued tax#1,571#3,077$35,153#17,941,878 share operations. 26. 23. 76 Discontinued. 62. net earnings share. 88. 83. 93 diluted. 66. 52. earnings share. 72. 73.81 Average shares 1 15.#2,625#2,663.#2,674"
}
{
    "_id": "JNJ20230750",
    "title": "",
    "text": "earnings$35,153#17,941,878 income Foreign currency,221)(1,796)(1,079) Securities Unrealized gain Reclassifications Employee benefit plans service credit amortization,183)#1,854,318 Consumer settlement exchange rates,399)#1,805,255 Derivatives hedges Unrealized gain Reclassifications(789(988 income(4,741)#2,184$30,412,032#23,062"
}
{
    "_id": "JNJ20230751",
    "title": "",
    "text": "tax Foreign Currency $797 $346 Employee Benefit Plans $289 $1,198 Derivatives Hedges $39 $263."
}
{
    "_id": "JNJ20230778",
    "title": "",
    "text": "Earnings capital Stock Stock January 3 2021,278,890,490 earnings,878 Cash dividends$4. 19 share Employee compensation stock option,171 Repurchase common stock Balance January 2 2022,023,060,120 Cash dividends$4. 45 share Employee compensation stock,466 Repurchase stock tax Balance January 1 2023,345,967,120 earnings,153 Cash dividends$4.share Employee compensation stock option,193 Repurchase common stock,054) Kenvue Separation,786,451 income tax Balance December 31, 2023,774,843,662"
}
{
    "_id": "JNJ20230846",
    "title": "",
    "text": "Cash Net earnings,153,878 Adjustments Depreciation amortization property intangibles,390 Stock compensation,162,138,135 Asset write-downs purchase assets Gain Kenvue separation,984) gain sale Deferred tax,194)(1,663)(2,079) Credit losses accounts receivable Changes assets liabilities divestitures Increase accounts receivable(1,290) inventories,323)(2,527) accounts payable accrued liabilities,437(3,480)(1,964)(1,979),061) cash flows,791,194 Additions property plant equipment(4,543),009,652 disposal Acquisitions Purchases-process research development assetsPurchases,906)(32,384,394) Sales,390,609,006 Credit agreements,963)#214 licenses milestones cash,371)(8,683) financing Dividends Repurchase common stock,054)(6,035)(3,456) Proceeds short-term debt,743,134#1,997 Repayment(22,973),550),190) issuance costs(1,551),134(1,802) stock options withholding tax,329#1,036 Credit support agreements Proceeds short long issuance Kenvue Kenvue public offering,241 Cash Kenvue,114 cash financing activities(8,871)(14,047) exchange rate Increase cash#7,732(360)equivalents,889,309,697,178#1,288,127,487,985 end,859,889,309 end#1,178 end year,859,127,487 Supplemental cash flow Cash Interest$1,836##982#990#1,766##933##941 Income taxes discontinued operations#8,574#5,223#4,768 non investing financing Treasury stock employee compensation stock option plans cash withholding tax$1,435#2,114#1,811 assets acquired#18,710 liabilities assumed(1,058) cash,652"
}
{
    "_id": "JNJ20230848",
    "title": "",
    "text": "discontinued operations."
}
{
    "_id": "JNJ20230853",
    "title": "",
    "text": "consolidated statements Johnson subsidiaries. Intercompany eliminated. Columns rows. Percentages calculated figures."
}
{
    "_id": "JNJ20230855",
    "title": "",
    "text": "Company has 131,900 employees research development manufacture sale healthcare. business countries focus human health well-being."
}
{
    "_id": "JNJ20230857",
    "title": "",
    "text": "May 8 2023 Kenvue 198,734,444 shares $0. 01 share $22. 00 share proceeds $4. 2 billion. excess Johnson Johnson $2. 5 billion paid capital. Johnson Johnson 89. 6% shares Kenvue July 2, 2023 non-controlling interest $1. 3 billion second quarter 2023."
}
{
    "_id": "JNJ20230858",
    "title": "",
    "text": "August 23, 2023 Johnson & Johnson 80. 1% ownership Kenvue exchange offer. Company owns 9. 5% shares Kenvue equity investment. Consumer Health discontinued operations Consolidated Financial Statements exchange Note 21. Johnson & continuing operations."
}
{
    "_id": "JNJ20230860",
    "title": "",
    "text": "exchange Company Innovative Medicine MedTech. Medicine Immunology Infectious diseases Neuroscience Oncology Pulmonary Hypertension Cardiovascular Metabolic diseases. retailers wholesalers distributors hospitals professionals. MedTech Orthopaedic Surgery Interventional Solutions Vision."
}
{
    "_id": "JNJ20230863",
    "title": "",
    "text": "2022 Liabilities 405-50 Obligations"
}
{
    "_id": "JNJ20230864",
    "title": "",
    "text": "Company adopted standard fiscal 2023 buyer supplier finance program."
}
{
    "_id": "JNJ20230866",
    "title": "",
    "text": "Company has agreements supplier finance programs with financial institutions. programs finance payment obligations. not party arrangements. obligations amounts payment dates 90 not affected by decision."
}
{
    "_id": "JNJ20230867",
    "title": "",
    "text": "December January 1. 7 billion obligations. Consolidated Balance Sheets."
}
{
    "_id": "JNJ20230870",
    "title": "",
    "text": "2023 Reporting 280 Disclosures"
}
{
    "_id": "JNJ20230871",
    "title": "",
    "text": "update requires expanded disclosures segment expenses chief profit loss. effective fiscal years December 2023 applied financial statements. Early adoption permitted. impacts disclosures Consolidated Financial Statements."
}
{
    "_id": "JNJ20230872",
    "title": "",
    "text": "2023 Taxes 740)"
}
{
    "_id": "JNJ20230873",
    "title": "",
    "text": "update standardizes tax rate reconciliation requires disaggregation disclosures. periods December 15 2024. impacts disclosures Financial Statements."
}
{
    "_id": "JNJ20230875",
    "title": "",
    "text": "Company classifies investments three months cash equivalents than marketable securities. institutions investment grade credit rating. invests cash government corporate debt money market funds reverse repurchase agreements."
}
{
    "_id": "JNJ20230876",
    "title": "",
    "text": "RRAs collateralized by Government Securities Obligations 102% value. Company record asset liability permitted sell repledge collateral. collateral A credit rating. third party custodian collateral 102%. RRAs maturities three months marketable securities."
}
{
    "_id": "JNJ20230878",
    "title": "",
    "text": "maturity amortized cost gains losses earnings.-sale debt securities estimated fair value unrealized gains losses income. securities operations current assets long term. Management determines classification re-evaluates. reviews impairment adjusts fair value earnings."
}
{
    "_id": "JNJ20230883",
    "title": "",
    "text": "Property plant equipment cost. Company Building equipment 30 Land 10 20 Machinery 2 - 13"
}
{
    "_id": "JNJ20230884",
    "title": "",
    "text": "Company capitalizes software development costs internal use. costs amortized lives 3 to 8 years."
}
{
    "_id": "JNJ20230885",
    "title": "",
    "text": "Company reviews long-lived assets recoverability cash flows. impairment assessment recoverability"
}
{
    "_id": "JNJ20230887",
    "title": "",
    "text": "value. impaired loss difference fair carrying value. prices Company fair value discounted future cash flows."
}
{
    "_id": "JNJ20230889",
    "title": "",
    "text": "recognizes revenue sales obligations. payment terms 30 to 90 days. rebates sales incentives promotions coupons returns discounts clawback variable sales. liability rebates returns promotions consolidated balance sheet."
}
{
    "_id": "JNJ20230890",
    "title": "",
    "text": "discounts market participants conditions competitor pricing. Rebates estimated experience patient outcomes trend analysis market conditions. liability Company products. Managed Care Medicare Medicaid $11. 5 billion $9. 6 billion December 31, 2023 January 1, 2023. evaluates market wholesaler research information."
}
{
    "_id": "JNJ20230891",
    "title": "",
    "text": "Sales returns estimated recorded historical. unusual patterns dating competition marketing investigated analyzed."
}
{
    "_id": "JNJ20230892",
    "title": "",
    "text": "Sales returns reserve products returned expiration recall. based on trends sales. issues credit for returned goods. accounted U. S. GAAP. recorded at full sales value. Innovative Medicine not resalable. MedTech resalable. exchanges for returned. returns reserve less than 1. 0% of annual net trade sales 2023 2022 2021."
}
{
    "_id": "JNJ20230893",
    "title": "",
    "text": "Promotional programs product listing recorded sales volume-based incentive programs. estimated sales recorded sold. evaluated revenue. Company earns profit-share payments included sales. Profit payments less than 2. 0% 2023 less than 3. 0% 2022 2021 included sales."
}
{
    "_id": "JNJ20230894",
    "title": "",
    "text": "Note 17 Statements disaggregation."
}
{
    "_id": "JNJ20230896",
    "title": "",
    "text": "Shipping handling costs. 9 billion. 2023 2022 2021 included selling marketing administrative expense. revenue less. sales."
}
{
    "_id": "JNJ20230898",
    "title": "",
    "text": "Inventories lower cost first-in method."
}
{
    "_id": "JNJ20230901",
    "title": "",
    "text": ". GAAP goodwill assets impairment. Company completed impairment test 2023. impairment"
}
{
    "_id": "JNJ20230902",
    "title": "",
    "text": "tests performed annually fiscal fourth quarter sooner warranted. Purchased-process research accounted indefinite until project. warranted written impaired underlying program."
}
{
    "_id": "JNJ20230903",
    "title": "",
    "text": "Intangible assets finite reviewed economic. Note 5 Intangible Assets Goodwill."
}
{
    "_id": "JNJ20230905",
    "title": "",
    "text": ". GAAP derivative instruments recorded balance fair."
}
{
    "_id": "JNJ20230906",
    "title": "",
    "text": "price sell asset transfer liability. Fair value market-based measurement assumptions. literature establishes three-level hierarchy Level 1 highest Level 3 lowest. Changes fair value derivatives recorded earnings income hedge transaction type."
}
{
    "_id": "JNJ20230907",
    "title": "",
    "text": "Company documents relationships hedged derivatives. risk management strategy includes transactions derivatives. objectives currency protect cash flow ensure appropriateness financial instruments manage risk. Note 6 Financial Instruments."
}
{
    "_id": "JNJ20230909",
    "title": "",
    "text": "Company determines property plant equipment. Right Use Assets Lease Liabilities Other assets Accrued liabilities consolidated balance sheet. ROU Assets right use lease liabilities obligation payments. Commitments finance leases included Property plant equipment Loans notes Long-term debt."
}
{
    "_id": "JNJ20230910",
    "title": "",
    "text": "Assets Lease Liabilities recognized lease commencement present value lease payments. Company uses incremental borrowing rate. Lease terms options extend terminate. Operating lease expense recognized straight-line term. Company elected policy elections portfolio approach exclusion short term leases not separating lease non-lease components."
}
{
    "_id": "JNJ20230911",
    "title": "",
    "text": "Company space vehicles manufacturing data processing. ROU asset $1. billion 2023 2022. lease liability $1. 1 billion. lease costs. 2 billion. Cash paid liabilities $0. 2 billion."
}
{
    "_id": "JNJ20230913",
    "title": "",
    "text": "Accruals product liability claims recorded probable liability incurred estimated information estimates. accruals adjusted additional information. Company accrues legal defense costs probable estimated. adverse verdicts record accrual until loss probable estimated."
}
{
    "_id": "JNJ20230915",
    "title": "",
    "text": "Company self insurance wholly-owned captive company. claims losses probable amounts estimated."
}
{
    "_id": "JNJ20230917",
    "title": "",
    "text": "Research development expenses ASC 730. Upfront milestone payments third parties regulatory approval. Payments capitalized amortized life product. capitalized included intangibles accumulated amortization."
}
{
    "_id": "JNJ20230925",
    "title": "",
    "text": "Company enters collaborative arrangements with biotechnology companies develop commercialize drug candidates intellectual property. arrangements involve parties exposed to risks rewards commercial success. involve activities research development marketing selling distribution. require upfront milestone royalty profit payments contingent future events. due from partners research development expense central operations. income statement presentation Collaboration Third-party sale product profit share payments to customers Royalties/milestones partner products sold Royalties income Upfront payments milestones development expense payments expense"
}
{
    "_id": "JNJ20230926",
    "title": "",
    "text": "Milestones capitalized amortized products."
}
{
    "_id": "JNJ20230927",
    "title": "",
    "text": "years no project 5% research development expense."
}
{
    "_id": "JNJ20230928",
    "title": "",
    "text": "Company products compounds XARELTO Bayer HealthCare IMBRUVICA Pharmacyclics AbbVie."
}
{
    "_id": "JNJ20230929",
    "title": "",
    "text": "Company licensing DARZALEX Genmab."
}
{
    "_id": "JNJ20230931",
    "title": "",
    "text": "advertising expensed selling marketing administrative. expenses. 5 billion. 7 billion. 2 billion 2023 2022 2021."
}
{
    "_id": "JNJ20230934",
    "title": "",
    "text": "taxes recorded current difference. GAAP reporting deferred tax assets liabilities."
}
{
    "_id": "JNJ20230935",
    "title": "",
    "text": "estimates deferred tax assets liabilities regulations rates. affect."
}
{
    "_id": "JNJ20230936",
    "title": "",
    "text": "Company unrecognized tax benefits uncertain positions. follows. GAAP threshold measurement attribute financial statement tax position. changes results cash flows financial position."
}
{
    "_id": "JNJ20230937",
    "title": "",
    "text": "2017. Tax Cuts Jobs Act. corporate income tax tax 35% 21% January 1, 2018. tax undistributed earnings. companies foreign jurisdictions. cash equivalents taxed 15. 5% 8. 0%. payable 8 years interest. payments 2018 continue 2025. remaining balance 2023 $4. 5 billion $2. 5 billion noncurrent-term taxes."
}
{
    "_id": "JNJ20230938",
    "title": "",
    "text": "TCJA includes tax intangible low-taxed income (GILTI. excess U. S. shareholder’s foreign income over return tangible assets. January 2018 FASB guidance companies tax effects GILTI. deferred tax assets liabilities differences GILTI. Company GILTI deferred method. deferred tax amounts based temporary differences GILTI."
}
{
    "_id": "JNJ20230939",
    "title": "",
    "text": "Company recorded deferred tax liabilities earnings December 31, 2017 international subsidiaries. not provided deferred taxes earnings January 1, 2018 indefinitely reinvested. intends continue. earnings. net tax effects. estimates tax effect approximately $0. 5 billion laws rates. foreign tax credits offset cost."
}
{
    "_id": "JNJ20230940",
    "title": "",
    "text": "Note 8 Consolidated Statements."
}
{
    "_id": "JNJ20230942",
    "title": "",
    "text": "earnings per share net earnings shares. Diluted earnings dilution securities converted stock treasury method."
}
{
    "_id": "JNJ20230944",
    "title": "",
    "text": "consolidated financial statements. estimates. sales discounts rebates allowances liabilities taxes depreciation amortization benefits contingencies liability valuations. results differ estimates."
}
{
    "_id": "JNJ20230945",
    "title": "",
    "text": "Company follows. GAAP litigation contingencies. liability recorded loss probable estimated. best estimate accrued minimum accrued."
}
{
    "_id": "JNJ20230947",
    "title": "",
    "text": "Company follows fiscal year ends Sunday December. 52 weeks five or six years 53 weeks includes additional shipping days 2020 2026."
}
{
    "_id": "JNJ20230978",
    "title": "",
    "text": "fiscal year 2023 2022 cash equivalents securities Amount Loss Value$3,340 Non-U. S. Sovereign. Reverse repurchase agreements Corporate debt Money market funds Time Subtotal$14,053. Gov't Securities. Gov't Agencies Sovereign Securities Corporate debt securities Subtotal$8,875 cash equivalents securities$21,859 Millions Amount Loss Fair Value Equivalents$3,691.repurchase agreements Corporate debt Money market funds,368 Time Subtotal,794,793,921. Gov't Securities$9,959. Gov't Agencies Corporate debt securities Subtotal$10,521,487 cash securities$12,889"
}
{
    "_id": "JNJ20230979",
    "title": "",
    "text": "investments amortized cost gains earnings."
}
{
    "_id": "JNJ20230980",
    "title": "",
    "text": "securities value unrealized gains losses taxes."
}
{
    "_id": "JNJ20230982",
    "title": "",
    "text": "government securities corporate estimated broker prices inputs."
}
{
    "_id": "JNJ20230988",
    "title": "",
    "text": "contractual maturities December 31, 2023 Millions Basis year$8,865,864 ten debt securities$8,875#8,874"
}
{
    "_id": "JNJ20230989",
    "title": "",
    "text": "Company invests cash banks high-quality market instruments. institutions investment grade credit rating."
}
{
    "_id": "JNJ20230996",
    "title": "",
    "text": "2023 2022 inventories materials supplies$2,355 Goods process Finished inventories$11,181,268"
}
{
    "_id": "JNJ20231006",
    "title": "",
    "text": "2023 2022 property plant equipment depreciation Land improvements$795 Buildings,375,470 Machinery,979,603 Construction gross$47,776#43,534 depreciation,878,552 net$19,898,982"
}
{
    "_id": "JNJ20231007",
    "title": "",
    "text": "Company capitalizes construction facilities. 2023 2022 2021 $70 million $49."
}
{
    "_id": "JNJ20231008",
    "title": "",
    "text": "Depreciation capitalized interest 2023 2022 2021. billion. 4."
}
{
    "_id": "JNJ20231009",
    "title": "",
    "text": "retirement disposal property costs eliminated asset accounts. difference net asset value proceeds recorded earnings."
}
{
    "_id": "JNJ20231026",
    "title": "",
    "text": "2023 2022 gross net intangible assets Patents trademarks$40,417,388 amortization(20,616)$15,609,772$20,322,764 amortization,685(11,363)$7,637#8,401 indefinite lives Trademarks$1,714#1,630 research development,215#9,686$10,929#11,316 net$34,175#38,489"
}
{
    "_id": "JNJ20231037",
    "title": "",
    "text": "Goodwill December 31, January 1, 2023 allocated segment business Millions Medicine Goodwill January 2, 2022,580,436 acquisitions,056 divestitures January 1 2023,184,863 divestitures December 31, 2023$10,407,151,558"
}
{
    "_id": "JNJ20231039",
    "title": "",
    "text": "patents trademarks 11. customer relationships intangible assets 19 years. $4. 5 billion $3. 9 billion $4. 2 billion tax 2023 2022. Intangible write-downs."
}
{
    "_id": "JNJ20231043",
    "title": "",
    "text": "estimated amortization expense intangible products five years 2024 $4,300,900,600"
}
{
    "_id": "JNJ20231045",
    "title": "",
    "text": "Note 18 Statements divestitures."
}
{
    "_id": "JNJ20231047",
    "title": "",
    "text": "Company uses foreign exchange contracts cash changes products purchases. cross currency interest rate swaps currency risk borrowings. cash flow hedges."
}
{
    "_id": "JNJ20231048",
    "title": "",
    "text": "Company uses interest rate swaps risk borrowings. fair value hedges. cross currency swaps forward foreign exchange contracts net investment hedges. contracts foreign currency assets liabilities. not hedges recognized earnings foreign assets liabilities."
}
{
    "_id": "JNJ20231049",
    "title": "",
    "text": "Company derivative instruments. maintains credit agreements counterparties collateral thresholds ratings. December January 1 2023 cash collateral paid $4. 0 billion $0. 8 billion net investment cash flow hedges. monitors counter-party credit ratings. credit non-performance risk low agreements investment grade. liabilities. December 31, 2023 amounts $42. 9 billion $39. 7 billion $10. 0 billion. January 1, 2023 $41. 5 billion $36. 2 billion $10. 0 billion."
}
{
    "_id": "JNJ20231050",
    "title": "",
    "text": "derivative instruments recorded balance sheet fair value. Changes value recorded earnings income hedge transaction type."
}
{
    "_id": "JNJ20231051",
    "title": "",
    "text": "cash flow hedge entrance derivative contract. derivatives effective. exchange contracts cash hedges accounted forward method gains/losses recognized income impacts earnings. Changes value recorded income transaction earnings reclassified earnings."
}
{
    "_id": "JNJ20231052",
    "title": "",
    "text": "Gains losses interest rate swaps hedged debt recorded interest expense. Gains investment hedges accounted currency translation account income. portion excluded recorded interest expense. Company assesses derivative hedged items. hedge accounting discontinued."
}
{
    "_id": "JNJ20231053",
    "title": "",
    "text": "Company Euro notes May 2016 dates 2022 2035 investment hedge subsidiaries Euro reduce volatility exchange rates."
}
{
    "_id": "JNJ20231054",
    "title": "",
    "text": "December 31, 2023 deferred loss derivatives $377 million after-tax. Consolidated Statements Income Note 13. expects foreign exchange contracts earnings 12 months. maximum hedging 18 months excluding investment hedges. earnings exchange rates. gains losses determined exchange rates maturity."
}
{
    "_id": "JNJ20231074",
    "title": "",
    "text": "table activity derivatives hedges years December 31, January 1, 2023 net tax 31, 1 2023 Millions Products Sold&D effects fair value net investment cash flow hedging Gain (Loss fair value hedging relationship Interest rate swaps contracts Hedged items Derivatives hedging instruments Gain (Loss net investment hedging Cross currency interest rate swaps contracts gain income derivative amount excluded effectiveness testing cash flow hedging foreign exchange contracts gain AOCI incomerecognized AOCI#447#319 Cross currency interest rate swaps contracts gain reclassified AOCI income#275#425 gain recognized AOCI#42#"
}
{
    "_id": "JNJ20231079",
    "title": "",
    "text": "December January 1, 2023 amounts consolidated balance sheet adjustment value hedges Amount Hedged Amount Hedging Adjustment Millions 31, 1 Long-term Debt$8,862$8,665(1,216)(1,435)"
}
{
    "_id": "JNJ20231083",
    "title": "",
    "text": "table effect derivatives years December 31, January 1, 2023 Millions Gain Derivatives Hedging 31, 1, 2023 Foreign Exchange Contracts expense"
}
{
    "_id": "JNJ20231088",
    "title": "",
    "text": "effect net investment hedges years December 31, January 1, 2023(Loss Recognized OCI Reclassified Income Reclassified Income Millions 31, 1 Debt expense Cross Currency interest rate swaps"
}
{
    "_id": "JNJ20231089",
    "title": "",
    "text": "Company holds equity with values without. measures investments at cost minus changes price changes in transactions for same issuer."
}
{
    "_id": "JNJ20231094",
    "title": "",
    "text": "table activity equity investments years December January 1 2023 1 2023 Millions Value Value Net Purchases Current Assets Equity Investments value$576,265 Investments without value"
}
{
    "_id": "JNJ20231101",
    "title": "",
    "text": "2 2022 1 2023 Millions Value Value Net Purchases Current Assets Equity Investments value$1,884#576 value$413"
}
{
    "_id": "JNJ20231102",
    "title": "",
    "text": "Includes. 5% Kenvue. 4 billion change separation fiscal."
}
{
    "_id": "JNJ20231103",
    "title": "",
    "text": "fiscal years January 1 equity investments market values $1 $51 million changes impairments. offsetting impacts $27 million $142 million prices gains disposal."
}
{
    "_id": "JNJ20231104",
    "title": "",
    "text": "Fair value exit price sell asset transfer liability. market-based measurement assumptions pricing. ASC 820 three-level hierarchy inputs value. Level 1 highest 3 lowest."
}
{
    "_id": "JNJ20231105",
    "title": "",
    "text": "fair value derivative instrument. foreign exchange future cash flows discounted present interest rates converted. S. Dollar current exchange rate. Company values differ settlement maturity changes results cash flows financial position. holds equity investments Level 1 debt securities Level 2. holds acquisition contingent liabilities Level 3 determined discounted cash flow methodologies."
}
{
    "_id": "JNJ20231106",
    "title": "",
    "text": "three levels fair value"
}
{
    "_id": "JNJ20231107",
    "title": "",
    "text": "prices assets liabilities."
}
{
    "_id": "JNJ20231108",
    "title": "",
    "text": "Significant inputs."
}
{
    "_id": "JNJ20231110",
    "title": "",
    "text": "inputs."
}
{
    "_id": "JNJ20231140",
    "title": "",
    "text": "financial assets liabilities fiscal December 31, 2023 January 1, 2023 Millions 1 2 3 hedging instruments Assets foreign exchange contracts#629 contracts#1,534#2,163 Liabilities contracts,338,778#3,289 Derivatives Assets foreign exchange contracts Liabilities Investments Equity investments(3) Debt securities(4),874,487 Contingent Consideration(5),120 Gross Net Derivative Reconciliation Millions Gross Assets,201 Credit Support Agreements,176 Net Liabilities#3,357 Credit Agreements(3,023)Liabilities"
}
{
    "_id": "JNJ20231149",
    "title": "",
    "text": "liabilities Millions Beginning Balance$1,120#533 estimated value(52) Additions#792 Payments(48) Ending Balance$1,092#1,120#533"
}
{
    "_id": "JNJ20231150",
    "title": "",
    "text": "liabilities 2 equity $576 million contingent $1,120 million 3."
}
{
    "_id": "JNJ20231151",
    "title": "",
    "text": "currency rate swaps."
}
{
    "_id": "JNJ20231152",
    "title": "",
    "text": "non-current."
}
{
    "_id": "JNJ20231153",
    "title": "",
    "text": "cash securities."
}
{
    "_id": "JNJ20231154",
    "title": "",
    "text": "$1,092,116 $520 million non liabilities 2 2022. $4 million $13 million current liabilities January."
}
{
    "_id": "JNJ20231155",
    "title": "",
    "text": "2022 $704 million Abiomed."
}
{
    "_id": "JNJ20231157",
    "title": "",
    "text": "Notes 2 7 liabilities Balance Sheet."
}
{
    "_id": "JNJ20231195",
    "title": "",
    "text": "components long-term debt (Dollars Millions#2023 Rate. 73% Debentures 2023. 375% Notes due 2023. 2 05%. 650% Notes 2024 (750MM Euro 1. 50% Notes 2024 (500MM. 2756 GBP. 625% Notes due 2025. 55% Notes due 2025. 46% Notes 2026. 95% Notes 2027. 95% Notes 2027. 150% Notes 2028 (750MM Euro. 90% Notes 2028. 95% Notes 2029. 30% Notes 2030.95% Debentures 2033##499. 375% Notes 2033. 650% Notes 2035. 587% Notes 2036#. 95% 2037##994. 625% 2037,357. 85% 2038##697. 400% 2038#993. 50% Debentures 2040##541. 10% 2040#849. 85% 2041##297. 50% Notes 2043##496. 73% 2046##1,977. 75% Notes 2047##832. 500% 2048##743. 250% 2050#. 450% 2060#.49 Subtotal,350. 98,437. Less portion long-term debt$25,881$26,886"
}
{
    "_id": "JNJ20231196",
    "title": "",
    "text": "average."
}
{
    "_id": "JNJ20231198",
    "title": "",
    "text": "December 31,."
}
{
    "_id": "JNJ20231199",
    "title": "",
    "text": "rate 2023."
}
{
    "_id": "JNJ20231200",
    "title": "",
    "text": "excess carrying debt $1. billion. billion 2023 2022."
}
{
    "_id": "JNJ20231201",
    "title": "",
    "text": "long-term debt estimated market broker inputs."
}
{
    "_id": "JNJ20231202",
    "title": "",
    "text": "Company banks. 364-day Credit Facility $10 billion expires September 5 2024. terminated 364-day Facility $10 billion November 21, 2023. Interest SOFR Reference Rate market rates margins. Commitment fees."
}
{
    "_id": "JNJ20231203",
    "title": "",
    "text": "2022 liquidity commercial paper. debt $3. 5 billion $12. 8 billion. debt $1. 5 billion $1. 6 billion remainder commercial paper local borrowing."
}
{
    "_id": "JNJ20231204",
    "title": "",
    "text": "debt balance December 31, 2023 $2. billion. 37% two months. January 1, 2023 $11. 2 billion. 23% two months."
}
{
    "_id": "JNJ20231208",
    "title": "",
    "text": "maturities debt obligations 2024 Millions 2024 $1,469,700,539"
}
{
    "_id": "JNJ20231221",
    "title": "",
    "text": "taxes income payable. taxes,705,274,338 International,295 Deferred. taxes(3,440),990 International(2,595) deferred,059)(1,580)(2,030) taxes income$1,736,989,377"
}
{
    "_id": "JNJ20231235",
    "title": "",
    "text": "comparison income tax expense U. rate 21% years 2023 2022 2021 effective tax rate Millions.,275 International,095,753,903 Earnings before taxes$15,062,359,178 Tax rates. statutory rate. International. Tax Settlements. taxes international. Tax benefits loss capital assets. Tax benefits share compensation. Effective Rate."
}
{
    "_id": "JNJ20231236",
    "title": "",
    "text": "operations reflect impacts tax rates. Ireland Switzerland Belgium Puerto Rico effective tax rate U."
}
{
    "_id": "JNJ20231237",
    "title": "",
    "text": "GILTI tax Foreign-Derived Intangible Income deduction taxable. 2023 2022 2017 TCJA. 2023 foreign subsidiaries tax legislative 2021 reorganization international subsidiaries."
}
{
    "_id": "JNJ20231238",
    "title": "",
    "text": "2023 tax rate decreased. 9% 2022 Company recorded non favorable tax items."
}
{
    "_id": "JNJ20231239",
    "title": "",
    "text": "2023 Company settled. Internal Revenue audit 2013 2016 favorable impact 3. 0%. offset. 4 billion decrease. foreign tax credits unfavorable 2. 6% reflected tax expense."
}
{
    "_id": "JNJ20231242",
    "title": "",
    "text": "fiscal 2023 Company impacts legislative tax elections subsidiaries tax basis deferred tax re-measurements. 3. 4% annual tax rate $0. 3 billion tax benefit local deferred tax assets operations. offset. 1 billion U. S. deferred tax expense GILTI deferred tax liability. reflected. tax international. 3 billion. deferred tax benefit GILTI deferred tax international subsidiary deferred tax refundable tax credit. taxes international income."
}
{
    "_id": "JNJ20231243",
    "title": "",
    "text": "2023 2022 tax rates Tax Cuts Jobs Act 2017. lower income jurisdictions. $7. billion charge tax rate 21. 1% Note 19 Consolidated Financial Statements."
}
{
    "_id": "JNJ20231244",
    "title": "",
    "text": "2022 tax rate increased. 2% 2021 recorded non-recurring tax items unfavorable. tax rate benefited bermekimab AD IPR&D changes fair value securities portfolio recorded U. S. statutory rate."
}
{
    "_id": "JNJ20231248",
    "title": "",
    "text": "2021 Company reorganized international subsidiaries. increased tax basis assets. impact $0. 6 billion 3. 2% annual tax rate $2. 3 billion local deferred tax assets reflected International operations tax. $1. 7 billion U. S. deferred tax expense GILTI tax liability. reflected. taxes international income."
}
{
    "_id": "JNJ20231251",
    "title": "",
    "text": "quarter 2021 recognized loss. affiliates intangibles reduced 2021 tax rate. 6%. 2021 impacts acquisition accrued legal expenses $1. 6 billion 23. 5%. 8 billion Risperdal Gynecomastia 16. 4% Note 19 Statements. partial IPR&D charge. 9 billion Ottava intangible Auris Health rate 22. 4%."
}
{
    "_id": "JNJ20231267",
    "title": "",
    "text": "differences carryforwards 2023 2022 Employee obligations Stock compensation Depreciation property plant Goodwill(1,737) R&D tax Reserves liabilities,733 Income tax loss,319 Undistributed foreign earnings(1,604) Global intangible low,628) international. deferred income taxes,670,836(7,880)"
}
{
    "_id": "JNJ20231268",
    "title": "",
    "text": "2023 Company changed income taxes profits inventory expenses Consolidated Balance Sheet."
}
{
    "_id": "JNJ20231269",
    "title": "",
    "text": "valuation allowances $1. billion 8 billion 2023 2022. change. 1 billion acquisition remainder operations."
}
{
    "_id": "JNJ20231270",
    "title": "",
    "text": "Company subsidiaries net losses. future income deferred tax assets. valuation allowances recorded against deferred tax assets loss carryforwards."
}
{
    "_id": "JNJ20231280",
    "title": "",
    "text": "table summarizes unrecognized tax benefits operations Millions$3,716,210,260 current#242 Decreases(781) Settlements(880) Lapse statute limitations(53)(11) End year$2,485,716,210"
}
{
    "_id": "JNJ20231281",
    "title": "",
    "text": "December 2023 Company $2. 5 billion unrecognized tax benefits. files returns audits. Internal Revenue Service completed 2016."
}
{
    "_id": "JNJ20231282",
    "title": "",
    "text": "jurisdictions Company years open tax audits 2008. Company believes tax audits completed twelve months including United States. estimate future tax payments uncertain tax positions."
}
{
    "_id": "JNJ20231283",
    "title": "",
    "text": "tax benefits long-term. income tax. recognized $99 million $136 million $42 million 2023 2022 2021. accrued interest $264 million $637 million."
}
{
    "_id": "JNJ20231293",
    "title": "",
    "text": "2023 2022 obligations Balance Sheets Pension,129,475 Postretirement Postemployment Deferred compensation obligations#7,135 benefits#593 non-current$7,149#6,542"
}
{
    "_id": "JNJ20231294",
    "title": "",
    "text": "obligations $4,992 2023 2022 Balance Sheets."
}
{
    "_id": "JNJ20231297",
    "title": "",
    "text": "Company sponsors retirement benefit indemnity. post-retirement benefits healthcare. employees dependents."
}
{
    "_id": "JNJ20231298",
    "title": "",
    "text": "employees government programs cost not."
}
{
    "_id": "JNJ20231299",
    "title": "",
    "text": ". non-union pension benefits before 2015 compensation five years retirement service Final Average Pay. benefits after 2014, different Retirement Value formula."
}
{
    "_id": "JNJ20231300",
    "title": "",
    "text": "2021 Company 2026.-union employees earn Retirement Value. amendment affect benefits Final Average Pay 2026."
}
{
    "_id": "JNJ20231301",
    "title": "",
    "text": "subsidiaries funds annuities purchased reserves."
}
{
    "_id": "JNJ20231302",
    "title": "",
    "text": "Company fund retiree benefits modify plans."
}
{
    "_id": "JNJ20231303",
    "title": "",
    "text": "2023 2022 Company used December measurement. retirement benefit plans."
}
{
    "_id": "JNJ20231313",
    "title": "",
    "text": "benefit costs retirement 2023 2022 2021 Millions Service cost$893#1,319#1,412#309 Interest cost#908#768#214 return assets,716),756(2,644) Amortization service cost actuarial losses#650#1,251##122#151 Curtailments settlements benefit cost#607#487#533#502"
}
{
    "_id": "JNJ20231314",
    "title": "",
    "text": "service cost benefit same Consolidated Statement Earnings compensation costs products Research development Selling marketing administrative expenses Net earnings discontinued operations separation Kenvue. other components Other expense exception curtailments settlements Net earnings discontinued operations separation."
}
{
    "_id": "JNJ20231315",
    "title": "",
    "text": "Unrecognized gains losses. pension plans amortized future service. life expectancy. amortization. 10% market value postretirement benefit obligation. unamortized gains losses amortized future service."
}
{
    "_id": "JNJ20231317",
    "title": "",
    "text": "costs/benefits U. pension plans amortized future service participants amendment. U. benefit plans amortized eligibility age."
}
{
    "_id": "JNJ20231328",
    "title": "",
    "text": "table weighted-average actuarial assumptions Benefit Worldwide Plans Periodic Benefit Cost Service cost discount rate. 85. Interest cost discount rate. 25. increase compensation levels. 71. long-term rate return plan assets. Benefit Obligation Discount rate. 58. 49 68 increase compensation levels. 69."
}
{
    "_id": "JNJ20231329",
    "title": "",
    "text": "discount rates yield curves long-term fixed income instruments. consistent duration plan liabilities. cost duration rates cash flows."
}
{
    "_id": "JNJ20231330",
    "title": "",
    "text": "expected rates asset assumptions assessment-term returns portfolios. projections averages returns asset class allocations market."
}
{
    "_id": "JNJ20231335",
    "title": "",
    "text": "table healthcare cost trend rates Healthcare Plans Healthcare cost trend rate next year. 96 decline trend. 99 ultimate trend"
}
{
    "_id": "JNJ20231351",
    "title": "",
    "text": "table benefit obligation value plan assets 2023 2022 defined benefit retirement Plans Millions Change Benefit Projected benefit obligation$29,390,272,192 Service cost,319 Interest cost Plan contributions Amendments Actuarial,159 Divestitures Curtailments settlements restructuring Benefits exchange rates benefit obligation end year$31,744,390,108,192"
}
{
    "_id": "JNJ20231387",
    "title": "",
    "text": "Plan$31,496 return(8,663) Company contributions contributions Settlements Divestitures Benefits,122)(1,220) exchange rates(853) end year$33,607,496 Funded status end year$1,863,106,022),114 Non-current assets$4,992 liabilities(3,010)(2,348),606),653) consolidated balance sheet end year$1,863,106,022),114 Net actuarial loss$4,962 service cost(1,236)(1,417) Unrecognized net transition obligation tax$3,726 Accumulated Benefit Obligations end year$30,139losses retirement plans 2023 2022 driven discount rates. Kenvue separation. $800 million annuity contract third-party insurer U. S. Salaried Pension Plan. Benefit Plans Millions Net Periodic Benefit Cost benefit cost actuarial loss Amortization Prior service cost exchange rates loss income tax$1,195,398(868 benefit cost(1,460)"
}
{
    "_id": "JNJ20231388",
    "title": "",
    "text": "Company U. S. Plans Pension Protection Act 2006. International Plans funded local regulations. contributions obligations. no economic benefit. plans not funded."
}
{
    "_id": "JNJ20231389",
    "title": "",
    "text": "contributed $135 $133. pension plans."
}
{
    "_id": "JNJ20231399",
    "title": "",
    "text": "table displays funded status Company U. S. Non-Qualified international unfunded December 2023 2022.-Qualified Assets$22,298,937,309 Projected Benefit Obligation,152,394,431 Accumulated Benefit Obligation,557,696,498 Funded Status Projected Benefit Obligation,146 Accumulated Benefit Obligation,741,241"
}
{
    "_id": "JNJ20231400",
    "title": "",
    "text": "Plans accumulated obligations $5. 8 $6. 1 $3. 1 billion 2023 $2. 7. 3 billion 2022."
}
{
    "_id": "JNJ20231405",
    "title": "",
    "text": "table displays future payments retirement benefit plans Millions benefit Retirement plans$1,481,133 benefit plans$427#396,360"
}
{
    "_id": "JNJ20231408",
    "title": "",
    "text": "table displays projected future contributions unfunded retirement plans. include discretionary contributions. Millions) contributions$122"
}
{
    "_id": "JNJ20231409",
    "title": "",
    "text": "pension plan overseen by local committee administration investment. local pension tax regulations investment vehicles. funded status ratio actives retirees liabilities diversification base currency. majority pension funds open to new entrants on-going. investments primarily liquid listed little reliance illiquid."
}
{
    "_id": "JNJ20231417",
    "title": "",
    "text": "retirement plan 2023 2022 2024 2023 Annual Report Worldwide Retirement Plans Equity securities Debt securities Total assets"
}
{
    "_id": "JNJ20231419",
    "title": "",
    "text": "Plan fair values. based quoted market prices. models parameters yield curves interest rates volatilities equity prices exchange rates credit curves."
}
{
    "_id": "JNJ20231420",
    "title": "",
    "text": "Plan believes valuation methods market participants different methodologies instruments different estimate reporting date."
}
{
    "_id": "JNJ20231422",
    "title": "",
    "text": "authoritative literature three-level hierarchy fair value. levels 1 highest 3 lowest."
}
{
    "_id": "JNJ20231423",
    "title": "",
    "text": "Net Asset Value assets minus liabilities divided shares outstanding."
}
{
    "_id": "JNJ20231424",
    "title": "",
    "text": "financial categorization lowest input fair value measurement."
}
{
    "_id": "JNJ20231432",
    "title": "",
    "text": "valuation methodologies for investments fair value.-term investment funds Cash quoted instruments valued at closing price deposit bank. investments valued NAV administrator. quoted price classified Level 2. •Government agency securities limited valued closing price major market. quoted prices active Level 1. not values estimated pricing models discounted cash flows. quoted prices not classified Level 2. instruments limited valued closing price market. Level 1. values estimated pricing models discounted cash flows classified Level 2. Level 3 debt instruments priced unobservable inputs. •Equity securities valued at closing price market. Level 1. •Commingled funds valued NAV administrator. Assets Level 2 quoted market price. assets limited partnerships. valued NAV fund administrator.assets traded Level 1 traded Level 2."
}
{
    "_id": "JNJ20231443",
    "title": "",
    "text": "table Retirement Plans investments fair value December 2023 2022 Prices Active Markets Identical Unobservable Net Asset Value Assets Millions) Short investment funds#829 Government agency securities#5,985####5,863 Debt instruments,899,681,681 Equity securities,846,848 Commingled funds,362,682,514 Other assets,295 Investments fair value$7,776,872,602,607,496"
}
{
    "_id": "JNJ20231444",
    "title": "",
    "text": "activity Level 3 assets years."
}
{
    "_id": "JNJ20231445",
    "title": "",
    "text": "Benefit Plans unfunded. $86 $78 million 2023 2022."
}
{
    "_id": "JNJ20231446",
    "title": "",
    "text": "Johnson & Johnson Stock $14 million. December 2023 $21 million. 1% 2022."
}
{
    "_id": "JNJ20231448",
    "title": "",
    "text": "Company 401(k savings plans retirement programs. matches contributions. contributions $263 million $257 million $239 million 2023 2022 2021."
}
{
    "_id": "JNJ20231464",
    "title": "",
    "text": "treasury Millions January 3 2021,331$38,490,399)(2,847) Repurchase common stock,946 January 2 2022,878,099(3,440),375 January 1 2023,246(2,529) Repurchase stock,079 exchange,955 December 31, 2023,765$75,662"
}
{
    "_id": "JNJ20231465",
    "title": "",
    "text": "stock 3,119,843,000 2022 2021."
}
{
    "_id": "JNJ20231466",
    "title": "",
    "text": "dividends $4. 70 2023 $4. 45 2022. 19 2021."
}
{
    "_id": "JNJ20231467",
    "title": "",
    "text": "January 2 dividend $1. 19 share March 5 2024 shareholders."
}
{
    "_id": "JNJ20231469",
    "title": "",
    "text": "September 14 2022 Company approved repurchase program $5. billion common stock. completed quarter 2023."
}
{
    "_id": "JNJ20231480",
    "title": "",
    "text": "income Millions Currency Translation Securities Benefit Plans Derivatives Hedges Income January 3 2021(15,242) 2021,255,184 January 2 2022,702 2022(1,796) January 1 2023,967 2023,221),399) Kenvue Separation/IPO,181 December 31, 2023,149"
}
{
    "_id": "JNJ20231481",
    "title": "",
    "text": "income net tax impact. currency adjusted investments international subsidiaries. Consolidated Statements Comprehensive Income."
}
{
    "_id": "JNJ20231482",
    "title": "",
    "text": "reclassifications Accumulated"
}
{
    "_id": "JNJ20231483",
    "title": "",
    "text": "Gain Securities reclassifications."
}
{
    "_id": "JNJ20231484",
    "title": "",
    "text": "Employee Benefit reclassifications. Note 10."
}
{
    "_id": "JNJ20231485",
    "title": "",
    "text": "Gain Derivatives Hedges reclassifications earnings. Note 6."
}
{
    "_id": "JNJ20231486",
    "title": "",
    "text": "settlements Kenvue."
}
{
    "_id": "JNJ20231488",
    "title": "",
    "text": "subsidiaries non-U. Dollar currencies Company determined local currencies functional except inflationary economies 100% three years cash flows not local currency. majority local currency functional."
}
{
    "_id": "JNJ20231489",
    "title": "",
    "text": "consolidating subsidiaries currency effects income. assets Statement Cash flows foreign currency translation. equity account translating balance assets liabilities historical inflationary economies Venezuela. 2022 Company accounted operations Turkey inflationary. translation operating results."
}
{
    "_id": "JNJ20231490",
    "title": "",
    "text": "rollforward 2023 foreign currency Note 13."
}
{
    "_id": "JNJ20231491",
    "title": "",
    "text": "currency losses losses $366 $286 $216 2022 2021."
}
{
    "_id": "JNJ20231505",
    "title": "",
    "text": "reconciliation diluted years 2023 January 1 2 2022 Millions earnings continuing operations. 26. 23. 76 discontinued operations. 17 Total earnings. 88. 83. 93 Average shares. shares stock option plans. shares repurchased treasury stock method. Adjusted shares diluted. Diluted earnings continuing operations. 66 discontinuing operations. 59. 15 Total net earnings diluted. 72. 73."
}
{
    "_id": "JNJ20231506",
    "title": "",
    "text": "diluted earnings 2023 excluded 43 million shares stock options market value."
}
{
    "_id": "JNJ20231507",
    "title": "",
    "text": "diluted earnings share 2022 2021 shares stock options less average market."
}
{
    "_id": "JNJ20231509",
    "title": "",
    "text": "December 31, 2023 Company stock compensation plan. shares outstanding contracts 2012 2022 Plan. 2012 expired April 26, 2022. awards options restricted performance 2022. 150 million shares stock 110 million options appreciation rights 40 million full value awards. counted 1-for-1 against share reserve 40 million full value awards 5-for-1 against reserve. future grants 130 million fiscal 2023."
}
{
    "_id": "JNJ20231510",
    "title": "",
    "text": "compensation cost charged $1,087 million $1,028 million $1,038 million 2023 2022 2021. income tax benefit $221 million $177 million $199 million. tax benefits $126 million $267 million $213 million. unrecognized compensation cost $907 million $866 million $775 million. weighted average. 78 years. Share-based compensation costs insignificant."
}
{
    "_id": "JNJ20231512",
    "title": "",
    "text": "Company settles employee benefit equity treasury shares. replenished purchases."
}
{
    "_id": "JNJ20231514",
    "title": "",
    "text": "options expire 10 6 months 4 years."
}
{
    "_id": "JNJ20231515",
    "title": "",
    "text": "Options 2012 Plan average high low prices Common Stock New York Stock Exchange. 2022 Plan closing price Common Stock New Exchange."
}
{
    "_id": "JNJ20231516",
    "title": "",
    "text": "value option estimated grant Black-Scholes option valuation model. 2023 2022 2021 grants volatility 10-year 5-week Johnson & Johnson options 2. historical data life. risk-free rate U. S. Treasury yield curve."
}
{
    "_id": "JNJ20231522",
    "title": "",
    "text": "average value options $27. $23. $20. 86 2023 2022 2021. estimated assumptions Risk-free rate. 74. Expected volatility. 69. life years. dividend yield. 90."
}
{
    "_id": "JNJ20231529",
    "title": "",
    "text": "option activity December 31, 2023 Price Value January 1 2023,672. granted,320. 75 exercised,386. canceled,368. 62 December 2023,238. 88,239"
}
{
    "_id": "JNJ20231530",
    "title": "",
    "text": "options $729 $1,228 $919 million 2021."
}
{
    "_id": "JNJ20231531",
    "title": "",
    "text": "7,689 options cancelled conversion Johnson Johnson Kenvue"
}
{
    "_id": "JNJ20231541",
    "title": "",
    "text": "table stock options December 31, 2023 Thousands Exercise Price Range Price $90. 44 $101.,774.$99. $115. 67 $129.,368. $131. $151.,391.,676. $162. 70 $162.#13,928 $164. $165.,777.,238.,998$123."
}
{
    "_id": "JNJ20231542",
    "title": "",
    "text": "life years."
}
{
    "_id": "JNJ20231543",
    "title": "",
    "text": "Stock options January 1 2023 2 2022 118,672. 117,361 5. 8 years. exercisable 63,661 $113. 62,742 $104."
}
{
    "_id": "JNJ20231545",
    "title": "",
    "text": "Company grants restricted share units 6 months 3 years. performance share units paid Johnson & Johnson Common Stock three-year performance period. shares goals earnings share return. shares earned performance 0% to 200% target."
}
{
    "_id": "JNJ20231552",
    "title": "",
    "text": "December 31, 2023 Restricted Units Performance Units January 1 2023,616,357 Granted Issued,329)(785 Canceled,259) December 31, 2023,938"
}
{
    "_id": "JNJ20231553",
    "title": "",
    "text": "1,421 shares restricted 264 performance cancelled conversion Johnson & Johnson Kenvue units"
}
{
    "_id": "JNJ20231554",
    "title": "",
    "text": "average share units $152. 63 $153. 67. 62 2023 2022 2021. discounted dividends. issued $605 million $591 million $611 million 2023 2022 2021."
}
{
    "_id": "JNJ20231555",
    "title": "",
    "text": "average performance share units $145. $170. $179. 35 2023 2022 2021 grant."
}
{
    "_id": "JNJ20231557",
    "title": "",
    "text": "earnings per share goals estimated market discounted dividends not paid vesting. shareholder return goal estimated Monte Carlo valuation model. issued $140 million $94 million $83 million 2023 2022 2021."
}
{
    "_id": "JNJ20231595",
    "title": "",
    "text": "separation Consumer Health business 2023 Company organized Innovative Medicine MedTech. segment results operations. Customers Millions. INNOVATIVE Immunology.$11,539,036,843. International#6,513#5,899#5,907. Worldwide,052#16,935#16,750. REMICADE.,143#1,417#2,019. Exports#147##204##236. International#549#722##935. Worldwide#1,839#2,343##3,190. SIMPONI.,124,166,127. International#1,017#1,148. Worldwide,197#2,184,276. STELARA.,388#5,938. International,892,335#3,196.Worldwide,858,723,134. TREMFYA.,147#1,503. International#824#624. Worldwide,147,668,127. IMMUNOLOGY. International Worldwide. Infectious Diseases.,500#1,680,249#. International,918,769#3,576. Worldwide#4,418,449#5,825. COVID-19 VACCINE.#120#634. International,117#2,059#1,751. Worldwide,117,179,385."
}
{
    "_id": "JNJ20231677",
    "title": "",
    "text": "Millions. EDURANT.#36##41. International,115##972##953. Worldwide,150#1,008#994. PREZISTA PREZCOBIX.#1,494#1,508. International#408#449##575. Worldwide#1,854##1,943#2,083. INFECTIOUS.#30##66. International#278##289##297. Worldwide#297##318##363.,065##3,570##3,347.##3,323,641. Worldwide,140##6,893##6,988. CONCERTA.#151#172#52. International#554##493##495. Worldwide##644#667. INVEGA SUSTENNA TRINZA.,714. International#1,472. Worldwide,115,140#4,022.#328#198#79. International#100#46. Worldwide#689#374#224.##376##427. International#1,204##1,358#1,647. Worldwide#1,553#1,734#2,074.,462#6,930#5,958. International#9,199#9,052#8,590. Worldwide,661#15,983,548. (Dollars Millions)#2023#2021.#133# International Worldwide#500#133.,277#4,210,169. International#4,467#3,767#2,854. Worldwide,744#7,977#6,023..#968#813. International,322#913. Worldwide,387#1,881#1,291.#1,390#1,747. International,214#2,394#2,622. Worldwide,264,784,369.#74#119. International#837#1,696#2,178. Worldwide#887#1,770#2,297.#156#110. International#330#283#458. Worldwide#879#438#568. Pulmonary.##2,346#2,365. International,117##1,071#1,085. Worldwide#3,815#3,417#3,450.##1,132#1,147. International#681#651#672. Worldwide#1,973#1,783#1,819..,326#1,104#1,056. International#255#218#181. Worldwide#1,582#1,322#1,237#19.#110#163. International#182##202#232. Worldwide#260##313#395."
}
{
    "_id": "JNJ20231764",
    "title": "",
    "text": "Change Millions. Cardiovascular Metabolism.,906#3,042#3,192. International#845#927. Worldwide,671,887#4,119. 5),365,473,438. Worldwide,365,473,438. ##541#569#754. International#845#927. Worldwide,306#1,414#1,682(7. 6). TOTAL INNOVATIVE.,169,604#27,954. International,590#23,959,726. 5) Worldwide#52,563,680. Interventional.,633#2,169#1,836. International,717,131,135. 5. Worldwide,350#4,300#3,971. 7,458. International,230. Worldwide#4,688#3,937,623.##31 International Worldwide,306 INTERVENTIONAL.#102#106. International#247#230##242. Worldwide#356#332#348#7.##5,321,126#3. International#3,417,267#3,462#4. Worldwide#8,942#8,587#8,588#4.#943##878#5. International#564#571#602. Worldwide#1,560##1,514#1,480##3. (Dollars Millions)#2023.##851#787#5. International#559#508#538. Worldwide#1,456##1,359#1,325.. International#989. Worldwide,979#2,885. SPINE SPORTS.#1,645#1,642# International,198#1,256. Worldwide,947#2,843#2,898.,031#,897,867. International#6,006#5,793##5,945. Worldwide#9,690#9,812.#1,784#1,761. International,785#2,861. Worldwide#4,671#4,569##4,622#.,198##2,113#2,105. International,168#3,008#3,085. Worldwide,366,121,190.#1,990#1,857. International,986#2,859#2,831. Worldwide,072#4,849##4,688.#1,522,398. International. Worldwide,702#3,543#3,440. ##460#468#459. International#910#837#788. Worldwide#1,370,306#1,248.,275#13,377,686. International,125,050,374. Worldwide,400#27,427,060."
}
{
    "_id": "JNJ20231771",
    "title": "",
    "text": "Customers Change Millions. ’21 S.,444,981,640. International#38,715#38,009,100. Worldwide$85,159#79,990#78,740."
}
{
    "_id": "JNJ20231805",
    "title": "",
    "text": "Assets Innovative Medicine$18,246,647,750$58,324,436 MedTech,208,956,915,392 Expense segments Discontinued operations,237 corporate,749 Worldwide$15,062,359,178$167,558,378 Property Plant Amortization Millions Innovative Medicine$1,653,374,198$3,847,687,029 MedTech,372,120,943,286,025,131#6,790#5,989,315 Discontinued operations#303 Worldwide$4,543,652$7,486#6,970,390-Lived Assets Millions United States$46,444,981,750 Europe,410,664,878 Hemisphere.,108 Asia-Pacific Africa,756,237,578,500,159,990,740,439,437 Discontinued operations,237,192 long Worldwide,159,990,740,558,378"
}
{
    "_id": "JNJ20231806",
    "title": "",
    "text": "Note 1 segments Company."
}
{
    "_id": "JNJ20231807",
    "title": "",
    "text": "Export sales significant. 2023 three wholesalers 18. 2% 15. 1% 14. 2% revenues. 2022 three 18. 15. 0% 13. 8%. 2021 three 16. 6% 12. 6%. 6%"
}
{
    "_id": "JNJ20231808",
    "title": "",
    "text": "allocated include interest. Fiscal 2023 $7 billion charge talc Note 19,. 4 billion change stake Kenvue."
}
{
    "_id": "JNJ20231809",
    "title": "",
    "text": "equivalents securities."
}
{
    "_id": "JNJ20231816",
    "title": "",
    "text": "Medicine COVID-19 Vaccine. 7 billion restructuring. 5 billion. 4 billion litigation. 1 billion divestiture. 2 billion. intangible asset impairment. billion Momenta Pharmaceuticals."
}
{
    "_id": "JNJ20231822",
    "title": "",
    "text": "MedTech. 4 billion Laminar restructuring. 3 billion. 2 billion Abiomed Medical Device Regulation. 3 billion. 1 billion"
}
{
    "_id": "JNJ20231828",
    "title": "",
    "text": "Medicine COVID-19 Vaccine costs $1. 5 billion intangible asset impairment. 8 billion bermekimab drug Atopic Dermatitis XBiotech. 2020. development bermekimab expense. 1 billion changes fair value securities. 7 billion restructuring charge. 1 billion"
}
{
    "_id": "JNJ20231833",
    "title": "",
    "text": "MedTech. 6 billion pelvic mesh restructuring. billion. billion Abiomed Medical Device Regulation. billion"
}
{
    "_id": "JNJ20231838",
    "title": "",
    "text": "Medicine. 6 billion Risperdal Gynecomastia gains. billion. billion securities restructuring. 1 billion"
}
{
    "_id": "JNJ20231842",
    "title": "",
    "text": "MedTech. billion Ottava restructuring. billion Medical Device. 2 billion"
}
{
    "_id": "JNJ20231844",
    "title": "",
    "text": "expense. billion"
}
{
    "_id": "JNJ20231845",
    "title": "",
    "text": "-lived assets property plant equipment $19,898 $17,982 intangible goodwill $70,733 $74,536."
}
{
    "_id": "JNJ20231847",
    "title": "",
    "text": "quarter 2024 Company Ambrx Biopharma. clinical-stage biopharmaceutical proprietary synthetic biology antibody all-cash merger equity $2. 0 billion $1. 9 billion cash. shares common stock $28. 00 per share merger. closing first half 2024 shareholder approval clearance Hart-Scott-Rodino Antitrust Improvements Act closing conditions. business combination Innovative Medicine segment acquisition."
}
{
    "_id": "JNJ20231848",
    "title": "",
    "text": "fiscal 2023 Company business combination."
}
{
    "_id": "JNJ20231849",
    "title": "",
    "text": "fiscal 2023 acquisitions. 5 billion Laminar Inc. 4 billion November 30 2023. Laminar. left atrial appendage-valvular fibrillation."
}
{
    "_id": "JNJ20231850",
    "title": "",
    "text": "2022 businesses acquired $17. 7 billion cash $1. 1 billion liabilities. accounted financial statements."
}
{
    "_id": "JNJ20231851",
    "title": "",
    "text": "excess purchase price $17. 3 billion assigned residual goodwill."
}
{
    "_id": "JNJ20231852",
    "title": "",
    "text": "2022 acquisitions Abiomed. remaining."
}
{
    "_id": "JNJ20231853",
    "title": "",
    "text": "December 22, 2022 Company Abiomed cardiovascular technology coronary artery disease heart failure life-saving. transaction broadens cardiovascular care heart failure recovery. business combination MedTech segment. tender offer shares. upfront payment $380. 00 per share cash $17. 1 billion non contingent value right $35. 00 share cash $1. 6 billion commercial clinical milestones achieved. enterprise value $16. 5 billion cash equivalents marketable securities."
}
{
    "_id": "JNJ20231854",
    "title": "",
    "text": "milestones consist"
}
{
    "_id": "JNJ20231855",
    "title": "",
    "text": ". $17. 50 per share payable sales Abiomed $3. 7 billion Johnson 2027 2028 first quarter 2029 $8. 75 per share"
}
{
    "_id": "JNJ20231856",
    "title": "",
    "text": ". $7. share FDA Impella® ST-elevated January 1 2028"
}
{
    "_id": "JNJ20231857",
    "title": "",
    "text": ". $10. share Class I Impella® high risk PCI STEMI shock four years December 31, 2029."
}
{
    "_id": "JNJ20231859",
    "title": "",
    "text": "2023 purchase allocation. adjustments. 2 billion goodwill. $20. billion. 3 billion goodwill $11. billion amortizable assets. billion IPR $1. billion marketable securities. billion"
}
{
    "_id": "JNJ20231860",
    "title": "",
    "text": "$3. billion contingent consideration. billion deferred taxes $2. billion. goodwill commercial not deductible. contingent Liabilities adjusted 2023 Consolidated Balance Sheet."
}
{
    "_id": "JNJ20231861",
    "title": "",
    "text": "amortizable assets Impella® 14 years.&D valued technology unapproved products. calculated cash discounted risk. success 52% to 70%. discount rate. 5%."
}
{
    "_id": "JNJ20231862",
    "title": "",
    "text": "2023 recorded costs tax. 2 billion Other. 2022 costs. 3 billion Other/expense."
}
{
    "_id": "JNJ20231863",
    "title": "",
    "text": "year 2021 acquisitions business combination."
}
{
    "_id": "JNJ20231864",
    "title": "",
    "text": ". GAAP standards business combinations intangible assets supplemental information years 2023 2022 2021 acquisitions results."
}
{
    "_id": "JNJ20231866",
    "title": "",
    "text": "2023 Company executed divestitures $0. 2 billion proceeds. assets intangibles $0. 3 billion Acclarent Ponvory."
}
{
    "_id": "JNJ20231867",
    "title": "",
    "text": "2022 Company divestitures."
}
{
    "_id": "JNJ20231868",
    "title": "",
    "text": "2021 divested two brands. Innovative Medicine. recognized pre-tax gain. 6 billion."
}
{
    "_id": "JNJ20231870",
    "title": "",
    "text": "Johnson Johnson subsidiaries product liability intellectual property indemnification governmental investigations legal proceedings."
}
{
    "_id": "JNJ20231871",
    "title": "",
    "text": "Company records loss contingencies liability"
}
{
    "_id": "JNJ20231872",
    "title": "",
    "text": "incurred loss estimated. December 31, 2023 Company determined liabilities litigation probable estimated. accrued monitor adjust accruals new information ASC 450-20-25 Contingencies. regulatory matters loss probable unable estimate loss beyond amounts accrued. Amounts accrued contingencies result complex judgments estimates assumptions. estimates affected factors damages unsubstantiated indeterminate discovery early legal uncertainties facts dispute procedural jurisdictional issues uncertainty claims settlements complexity cross-claims counterclaims numerous parties. adverse awards judgments verdicts record accrual until loss probable estimated."
}
{
    "_id": "JNJ20231873",
    "title": "",
    "text": "Company’s opinion examination experience discussions counsel ultimate outcome legal proceedings net liabilities balance not expected financial position. resolution increase accruals period may results operations cash flows."
}
{
    "_id": "JNJ20231876",
    "title": "",
    "text": "injury claims talc cancer Johnson & Johnson Consumer. LTL Management body powders JOHNSON’S Baby Powder."
}
{
    "_id": "JNJ20231877",
    "title": "",
    "text": "talc cases Company defense verdicts against reversed appeal. 2020 Missouri Court Appeals July 2018 verdict $4. 7 billion Ingham v. Johnson & Johnson. 207476. award $2. 1 billion. transfer Supreme Court denied June 2021 certiorari denied. June 2021 Company paid award $2. 5 billion. unique Ingham decision not representative claims. grounds contest talc verdicts. safety talc settled cases."
}
{
    "_id": "JNJ20231878",
    "title": "",
    "text": "October 2021 Johnson & Johnson Consumer Inc. JJCI corporate restructuring. JJCI ceased three new entities created LTL Management LLC North Carolina Royalty A&M LLC subsidiary LTL Debtor’s parent Johnson & Johnson Consumer Inc. New Jersey. Debtor received Old JJCI’s assets responsible talc-related liabilities injury damage purchase exposure talc risk remedy workers’ compensation statute."
}
{
    "_id": "JNJ20231879",
    "title": "",
    "text": "October 2021 talc products Debtor filed petition Western North Carolina Charlotte relief 11 Bankruptcy Code LTL Bankruptcy Case. litigation LTL Old New JJCI Company affiliates retailers insurance companies Protected Parties stayed LTL stay appeals. transferred New Jersey. Claimants dismiss denied March 2022."
}
{
    "_id": "JNJ20231880",
    "title": "",
    "text": "claimants filed LTL Bankruptcy extension stay Protected Parties. January 30, 2023 Third Circuit reversed remanded."
}
{
    "_id": "JNJ20231881",
    "title": "",
    "text": "LTL filed Third decision denied March 2023. filed stay mandate Jersey Bankruptcy Court dismiss LTL bankruptcy. Third Circuit denied issued mandate."
}
{
    "_id": "JNJ20231882",
    "title": "",
    "text": "2023 New Jersey Court dismissed LTL Case lifting stay returning litigation. LTL re-filed LTL 2 Bankruptcy Case. claims LTL stayed 362. issued restraining order litigation LTL Old JJCI New JJCI Company retailers Protected Parties."
}
{
    "_id": "JNJ20231883",
    "title": "",
    "text": "April 2023 New Jersey Bankruptcy Court injunctive relief Company New Protected Parties LTL 2 Preliminary Injunction. August 2023 extension June 2023. cancer discovery personal injury wrongful death."
}
{
    "_id": "JNJ20231885",
    "title": "",
    "text": "April 2023 Talc Claimants Committee dismiss LTL 2 Bankruptcy. Hearings June. July 28, court dismissed Company appeal. September 2023 Bankruptcy Court LTL appeal Third Circuit. October 2023 Third Circuit granted. Briefing ongoing."
}
{
    "_id": "JNJ20231886",
    "title": "",
    "text": "dismissal LTL 2 lawsuits filed cases stayed reactivated. majority cases pending federal court multi-district District Court New Jersey. discovery trial early 2025. discovery pre-trial cases New Jersey California."
}
{
    "_id": "JNJ20231887",
    "title": "",
    "text": "original bankruptcy Company funding LTL $2 billion trust. established reserve $2 billion. LTL de-consolidated. LTL 2 Bankruptcy Case additional amount total reserve $9 billion 25 years $12 billion discounted 4. 41%) current future claims. $9 billion reserve settlements one-third current liability. best estimate probable loss dismissal."
}
{
    "_id": "JNJ20231888",
    "title": "",
    "text": "parties reached matters Company estimate loss beyond accrued."
}
{
    "_id": "JNJ20231889",
    "title": "",
    "text": "class action industrial talc filed Company New Jersey May 2022 Edley Action. Company defended asbestos lawsuits industrial talc 1989 Windsor Minerals. debtor Imerys Bankruptcy. Company removed federal court New Jersey. 2022 filed motions dismiss deny certification. heard November 2023. Company resolved."
}
{
    "_id": "JNJ20231890",
    "title": "",
    "text": "February 2019 talc supplier Imerys Talc America. affiliates Vermont. Canada. filed petition relief chapter 11 Code Bankruptcy Court District Delaware Bankruptcy. liability personal injury talcum powder. claims Company indemnification insurance proceeds. proposed chapter 11 plan talc claims trust indemnification rights. trust pay talc claims seek indemnification Company."
}
{
    "_id": "JNJ20231891",
    "title": "",
    "text": "February 2021 Cyprus Mines Corporation Imerys talc mines filed petition Bankruptcy Code Disclosure Statement Plan. settlement Imerys talc claimants trust injunction talc claims."
}
{
    "_id": "JNJ20231892",
    "title": "",
    "text": "Imerys Plan proceeded solicitation 2021. votes Bankruptcy Court ruled votes. canceled confirmation hearing."
}
{
    "_id": "JNJ20231893",
    "title": "",
    "text": "Imerys Tort Committee Future Representative Cyprus Mediation Parties mediation confirmation hearing canceled October 2021. September 2023 Bankruptcy Court mediation December 2023. authorized Imerys Cyprus mediation insurers December 2023."
}
{
    "_id": "JNJ20231894",
    "title": "",
    "text": "September 2023 Imerys Cyprus filed plans reorganization. claims channeled trust indemnification rights. January 2024 filed revised TDP. February 2024 filed motions Disclosure Statement."
}
{
    "_id": "JNJ20231895",
    "title": "",
    "text": "February 2018 lawsuit filed Company officers District New Jersey violated laws asbestos contamination powders JOHNSON’S Baby Powder purchasers losses. April 2019 complaint."
}
{
    "_id": "JNJ20231897",
    "title": "",
    "text": "2019 Court denied dismiss. April 2021 certification. stayed 2022 reopened 2023. December 2023 Court granted certification. January 2024 Defendants Third Circuit appeal. discovery proceeding."
}
{
    "_id": "JNJ20231898",
    "title": "",
    "text": "lawsuit Company Superior Court California San Diego violations Consumer Legal Remedies Act JOHNSON’S Baby Powder. Company violated Proposition 65 warnings. July 2019 Company filed notice removal filed second complaint. October 2019 claim relief. third. December 2019. April 2020 Court granted motion dismiss leave amend. May 2020 Fourth Amended Complaint fifth. Fifth August 2020. Company failure. January 2021 Court issued Order favor motion dismiss prejudice. February 2021 Notice Appeal. opening brief July 2021. responsive brief October 2021. Notice Suggestion Bankruptcy stay imposed Court held reply deadline. September 2023 stay lifted. briefing Court schedule oral argument issue decision."
}
{
    "_id": "JNJ20231899",
    "title": "",
    "text": "2014, Mississippi Attorney General complaint Johnson & Johnson Consumer Companies. Mississippi Consumer Protection Act health risks talc JOHNSON’S Baby Powder Shower seeks relief. trial court 2023. October 2022 LTL bankruptcy. March 2023 Third Circuit April 2023 New Jersey Bankruptcy Court dismissed. State requested new trial. April 2024. Company filed summary judgment Daubert motions. State limited Daubert motion. agreed mediation. pretrial conference February 2024 trial April 2024. Company resolution."
}
{
    "_id": "JNJ20231900",
    "title": "",
    "text": "January 2020 New Mexico case Company marketed talcum powder products misrepresentations safety carcinogens asbestos. March 2022 court denied motion discovery appeal. filed Petition Superintending Control Request Stay discovery obligations. April 2022 LTL Bankruptcy Case Company State agreed 60-day stay except writ expired June 2022. Company prosecution. October 2022 court order. December 2022 State appeal Third Circuit. September 2022 Supreme Court granted stay briefing discovery. March 2023 Third Circuit dismiss LTL Bankruptcy Case April 2023 New Jersey Bankruptcy Court dismissed lifting stay. State notified Court stay April 2023 Court remains effect."
}
{
    "_id": "JNJ20231902",
    "title": "",
    "text": "Forty-two states Mississippi Mexico investigation talcum powder. claims. Five states issued Investigative Demands. Company produced documents Arizona North Carolina Texas Washington confidentiality agreements. follow up requests. March 2022-two states agreed mediation LTL Bankruptcy. July New Mexico Mississippi state. March 2023 mediation terminated. January 2024 Company agreement non-monetary terms. procedural history New Mexico Mississippi."
}
{
    "_id": "JNJ20231903",
    "title": "",
    "text": "Company received inquiries subpoenas requests talc LTL Bankruptcy Case. produced responded inquiries."
}
{
    "_id": "JNJ20231905",
    "title": "",
    "text": "2014 Janssen Pharmaceuticals. named 3,500 lawsuits opioids DURAGESIC NUCYNTA ER. majority filed state local governments. private plaintiffs Neonatal Abstinence Syndrome hospitals health insurers."
}
{
    "_id": "JNJ20231906",
    "title": "",
    "text": "Company JPI litigated two cases prevailed trial."
}
{
    "_id": "JNJ20231907",
    "title": "",
    "text": "October 2019 Company agreement state Attorneys General settle government opioid claims nationwide. final agreement July 2021 Company agreed pay $5. billion states cities counties school districts tribal governments credits. July 2021 finalized 60% settlement paid 2023. $0. 7 billion paid 2024. agreement admission liability wrongdoing release opioid claims Company JPI affiliates Tasmanian Alkaloids. Noramco. January 2024 JPI settled opioid claims government claimants City Baltimore school districts."
}
{
    "_id": "JNJ20231908",
    "title": "",
    "text": "Company JPI defend government private NAS claimants hospitals health insurers. 35 opioid cases JPI state 430 Ohio MDL 4 federal courts. Some dismissed appealed trial 2024 or 2025."
}
{
    "_id": "JNJ20231909",
    "title": "",
    "text": "Province British Columbia filed Company Janssen. industry members class. class actions filed Company Janssen. opioids municipalities First Nations. allege opioid false advertising unfair competition nuisance consumer fraud deceptive acts false claims unjust enrichment. adverse judgment penalties damages punitive damages cost abatement fines equitable remedies."
}
{
    "_id": "JNJ20231910",
    "title": "",
    "text": "June 2017 December 2019 Board Directors received shareholder letters breaches fiduciary duties marketing opioids. retained counsel April 2020 reject demands secure dismissal litigation. Board adopted recommendations."
}
{
    "_id": "JNJ20231911",
    "title": "",
    "text": "November 2019 filed complaint Company directors officers Superior Court New Jersey. alleges breaches fiduciary duties marketing opioids Company damages. additional complaints filed New Jersey 2019 2020. 2022 two cases dismissed. February 2022 court granted motion dismiss second filed notice dismissal. dismissed filed reconsideration. May 2022 court denied. appealed dismissal."
}
{
    "_id": "JNJ20231914",
    "title": "",
    "text": "Company subsidiaries involved in product liability claims. Claimants seek compensatory punitive damages. defenses not predict ultimate outcome litigation. considers isolated settlements. accrued adjust accruals new information ASC 450-20-25 Contingencies. accrues legal defense costs. accrued additional costs settlements damages losses. Product liability accruals represent projected liability different environments fact patterns. Changes accruals may additional information."
}
{
    "_id": "JNJ20231923",
    "title": "",
    "text": "table plaintiffs December 31, 2023 powders talc JOHNSON’S Baby Powder,140 DePuy ASR XL PINNACLE Acetabular Pelvic meshes ETHICON PHYSIOMESH Composite Mesh RISPERDAL ELMIRON,150"
}
{
    "_id": "JNJ20231924",
    "title": "",
    "text": "pending lawsuits fluctuate settled additional filed. additional claims filed."
}
{
    "_id": "JNJ20231927",
    "title": "",
    "text": "August 2010, DePuy Orthopaedics. recall ASR XL Acetabular System ASR Hip Resurfacing System hip replacement surgery. Claims personal injury against DePuy. multi-district litigation Northern District Ohio. Kingdom Canada Australia Ireland Germany India Italy. November 2013, DePuy Hip claims Hip patients. agreements February 2015 March 2017 extended settlement program August 2013. settlement program resolved 10,000 claims ASR Hip litigation. lawsuits remain address outside. Australia class action settlement resolved majority ASR Hip patients. Canada agreements class actions. potential additional costs recall. established accruals costs settlement program ASR Hip liability litigation."
}
{
    "_id": "JNJ20231930",
    "title": "",
    "text": "Claims personal injury DePuy Orthopaedics. PINNACLE Acetabular Cup System hip replacement surgery. Product liability lawsuits Company costs cases. multi-district litigation"
}
{
    "_id": "JNJ20231931",
    "title": "",
    "text": "Northern District Texas. June 1 2022 Judicial Panel Multidistrict Litigation ceased federal. filed state countries. 2019 DePuy settlement program. adverse verdicts settled. accrual product liability PINNACLE Acetabular Cup System."
}
{
    "_id": "JNJ20231933",
    "title": "",
    "text": "Claims personal injury against Ethicon, Inc. pelvic mesh devices incontinence. potential costs additional cases. Cases multi-district) Southern District West Virginia. March 2021 MDL Court. remanded cases additional mesh lawsuits filed outside MDL. Company majority United States cases estimated costs reflected in accruals. class actions injury cases commenced countries Kingdom Netherlands Belgium France Ireland Italy Spain Slovenia Israel Australia Canada South Africa. November 2019 Federal Court Australia judgment liability three Lead Applicants design manufacture assessments supply promotion devices. September 2022 Company agreement two class actions Australia March 2023 Federal Court approved settlement. class actions Canada discontinued 2020 Israeli class action May 2021. parties finalizing terms settlement. motion approve settlement filed.established accruals pelvic mesh."
}
{
    "_id": "JNJ20231935",
    "title": "",
    "text": "June 2016 withdrawal Ethicon Physiomesh Flexible Composite Mesh claims personal injury Ethicon. multi litigation Northern District Georgia. multi-county litigation New Jersey Atlantic County. additional lawsuits Southern District Ohio polypropylene mesh devices C. R. Bard. New Jersey MCLs Ventral Patch Prolene Hernia systems outside. May 2021 Ethicon counsel term sheet 3,600 Physiomesh cases 4,300 plaintiffs. settlement agreement September 2021 3,729 cases. stayed pending completion settlement. 3,390 dismissed prejudice. Ethicon releases 3,584 plaintiffs.-settlement cases subject docket control orders expert reports discovery. May 2023 Ethicon additional settlement 292 Physiomesh claimants. releases returned.2023 5 Physiomesh cases MDL 3 New Jersey MCL docket."
}
{
    "_id": "JNJ20231936",
    "title": "",
    "text": "Claims filed Ethicon Company injuries PROCEED Mesh Ventral Patch. 2019 New Jersey Supreme Court cases Atlantic County Superior Court. cases filed courts."
}
{
    "_id": "JNJ20231937",
    "title": "",
    "text": "Ethicon Company PROLENE Hernia System. New Jersey Supreme Court MCL Atlantic County. Cases filed state courts."
}
{
    "_id": "JNJ20231938",
    "title": "",
    "text": "October 2022 agreement cases Proceed Ventral Patch Prolene Hernia System mesh products unfiled claims. litigation New Jersey MCLs stayed settlement. Future cases reports discovery."
}
{
    "_id": "JNJ20231940",
    "title": "",
    "text": "Ethicon Physiomesh Mesh PROCEED Patch PROLENE Hernia System."
}
{
    "_id": "JNJ20231943",
    "title": "",
    "text": "Claims personal injury Janssen Pharmaceuticals. RISPERDAL treatment schizophrenia bipolar disorder autism. Lawsuits filed Pennsylvania California Missouri. actions United States Canada. Product liability lawsuits Company potential costs cases. defended cases verdicts against October 2019 $8. 0 billion punitive damages reduced $6. 8 million January 2020. September 2021 settlement counsel. costs reflected accruals."
}
{
    "_id": "JNJ20231945",
    "title": "",
    "text": "Claims personal injury Johnson & Johnson Janssen Pharmaceuticals. ELMIRON medication bladder interstitial cystitis. lawsuits ELMIRON retinal injury vision loss filed state federal courts. December 2020 lawsuits multi-district litigation District Court New Jersey. activity stayed. cases filed state courts New Jersey granted mass tort designation. No activity New Jersey state court three bellwether trials Philadelphia March April May 2024. three class action lawsuits filed Canada. Product liability lawsuits costs cases. accruals defense indemnity costs ELMIRON."
}
{
    "_id": "JNJ20231947",
    "title": "",
    "text": "subsidiaries Company subject legal proceedings claims patent trademark intellectual property matters. matters involve challenges validity patents allegations products infringe patents third parties. subsidiaries believe defenses no assurance outcome. loss affect sell sales market exclusivity damages future royalties non-cash impairment charge."
}
{
    "_id": "JNJ20231948",
    "title": "",
    "text": "Innovative Medicine litigation"
}
{
    "_id": "JNJ20231950",
    "title": "",
    "text": "subsidiaries brought lawsuits against generic companies U. FDA generic versions products prior expiration patents. lawsuits include allegations non-infringement invalidity of patents FDA’s “Approved Drug Products Orange Book. subsidiaries order enjoining marketing generic product before expiration patents. subsidiaries not successful stay expires before court rulings generic companies introduce generic versions potential market share revenue losses non-cash impairment charge. subsidiaries may settle actions"
}
{
    "_id": "JNJ20231951",
    "title": "",
    "text": "settlements involve generic versions products expiration patents."
}
{
    "_id": "JNJ20231952",
    "title": "",
    "text": "Inter Partes Review Patent Trademark Office 2011 Invents Act generic companies challenge patents."
}
{
    "_id": "JNJ20231954",
    "title": "",
    "text": "March 2021 Janssen Pharmaceuticals. Bayer Pharma Intellectual Property patent lawsuits manufacturers Orange Patents. Reddy’s Laboratories. Lupin. Taro Industries. Teva Pharmaceuticals. Mylan Pharmaceuticals. Mankind Pharma Apotex. Auson. Macleods Pharmaceuticals. Indoco Remedies FPP Holding Company Umedica Laboratories. Aurobindo. Cipla. InvaGen Pharmaceuticals. patents 9,539,218 10,828,310."
}
{
    "_id": "JNJ20231955",
    "title": "",
    "text": ". Patent. 10,828,310 USPTO IPR. July 2023 invalid. September 2023 Bayer Pharma. Federal Circuit."
}
{
    "_id": "JNJ20231957",
    "title": "",
    "text": "January 2023 Actelion Pharmaceuticals. filed patent lawsuits generic manufacturers OPSUMIT expiration Orange Patents. Sun Pharmaceutical Industries. MSN Laboratories Pharmaceuticals. Mylan Pharmaceuticals. patents 7,094,781 10,946,015. November 2023 settlement MSN Laboratories MSN Pharmaceuticals. December 2023 Sun."
}
{
    "_id": "JNJ20231959",
    "title": "",
    "text": "2018 Janssen Pharmaceutica. manufacturers INVEGA SUSTENNA Orange Patent. Teva Pharmaceuticals. Mylan Laboratories Pharmascience. Mallinckrodt Specgx Tolmar. Accord Healthcare. patent 9,439,906."
}
{
    "_id": "JNJ20231960",
    "title": "",
    "text": "February 2018 Janssen. Pharmaceutica Statement Claim Patented Medicines manufacturers INVEGA SUSTENNA expiration. Pharmascience. Apotex. Canadian patent 2,655,335."
}
{
    "_id": "JNJ20231962",
    "title": "",
    "text": "September 2020 Janssen Pharmaceuticals. Research Development infringement manufacturers INVEGA TRINZA Orange Patent. Mylan Laboratories Mylan Pharmaceuticals. Mylan Institutional LLC. patent 10,143,693. May 2023 District Court infringes not invalid. appealed."
}
{
    "_id": "JNJ20231964",
    "title": "",
    "text": "November 2021 Janssen Products. Sciences Gilead Sciences. patent infringement manufacturers SYMTUZA Orange Patents. Lupin Lupin Pharmaceuticals. MSN Laboratories"
}
{
    "_id": "JNJ20231966",
    "title": "",
    "text": ". Life Sciences. Pharmaceuticals. Apotex. patents 10,039,718 10,786,518."
}
{
    "_id": "JNJ20231968",
    "title": "",
    "text": "2022 Aragon Pharmaceuticals. Janssen Biotech. Sloan Kettering Institute Regents University California manufacturers ERLEADA Patents. Lupin Pharmaceuticals. Zydus. Sandoz. Eugia Pharma Aurobindo Pharma. Auromedics Hetero Labs Hetero. patents 9,481,663 9,884,054 10,052,314,702,508,849,888 8,445,507,802,689,388,159,987,261,353. 2023 Janssen dismissed Lupin."
}
{
    "_id": "JNJ20231970",
    "title": "",
    "text": "November 2022 Actelion Pharmaceuticals. Nippon Shinyaku. filed patent infringement lawsuits generic manufacturers UPTRAVI intravenous Orange Patents. Alembic Pharmaceuticals. Lupin. Cipla. MSN Laboratories. MSN Pharmaceuticals. patents,122 9,284,280. November 2023 settlement Alembic."
}
{
    "_id": "JNJ20231972",
    "title": "",
    "text": "May 2023 Janssen Pharmaceuticals. patent manufacturers SPRAVATO Orange Patents. Sandoz. Hikma Pharmaceuticals. Alkem Laboratories. patents 10,869,844 11,173,134 11,311,500 11,446,260."
}
{
    "_id": "JNJ20231974",
    "title": "",
    "text": "2023 Biocon. Petition USPTO. 10,961,307 colitis ustekinumab."
}
{
    "_id": "JNJ20231976",
    "title": "",
    "text": "2016, Abiomed. filed Maquet Cardiovascular. Massachusetts Maquet patents. 7,022,100 8,888,728 9,327,068,468 9,561,314 9,597,437. Maquet counterclaimed infringement. alleged ’100. September 2021 granted non September 2023 judgment. Maquet appealed."
}
{
    "_id": "JNJ20231978",
    "title": "",
    "text": "companies pharmaceutical medical Company subsidiaries regulation national state countries. regulation investigations litigations. significant listed below. possible criminal charges fines civil penalties damages result from investigations."
}
{
    "_id": "JNJ20231981",
    "title": "",
    "text": "July 2018 Public Prosecution Rio Janeiro CADE inspected 30 companies Johnson & Johnson Brasil. anti-competitive behavior improper payments medical device industry. Company"
}
{
    "_id": "JNJ20231982",
    "title": "",
    "text": "Practices States Securities Exchange Commission."
}
{
    "_id": "JNJ20231983",
    "title": "",
    "text": "July 2023. Justice issued Demands Johnson & Johnson Surgical Vision. Johnson Johnson Vision Care. False Claims Act intraocular lenses eye surgery phacoemulsification. J&J Vision producing documents. DOJ."
}
{
    "_id": "JNJ20231985",
    "title": "",
    "text": "2016, Company Janssen Products complaint False Claims Act Jersey off-label promotion HIV PREZISTA INTELENCE anti-kickback violations. filed December 2012. federal state prosecuted relators. denied 2021. motions granted denied January 2022 trial. May 2024."
}
{
    "_id": "JNJ20231986",
    "title": "",
    "text": "2017 Janssen Biotech. Demand False Claims Act rheumatology REMICADE SIMPONI ARIA. August 2019 closing investigation. District Court Massachusetts unsealed False Claims Act complaint. Department declined intervene 2019. Company motion dismiss granted denied. Discovery underway."
}
{
    "_id": "JNJ20231987",
    "title": "",
    "text": "Company received requests Congressional Committees produce information inquiries. policy Johnson & Johnson requested."
}
{
    "_id": "JNJ20231989",
    "title": "",
    "text": "Company subsidiaries parties proceedings Comprehensive Environmental Response Compensation Liability Act Superfund laws relief agreement remediation hazardous waste sites reimburse costs."
}
{
    "_id": "JNJ20231990",
    "title": "",
    "text": "October 2017 service members pharmaceutical Johnson & Johnson subsidiaries District violated Anti-Terrorism Act. funding terrorist Iraqi Ministry Health. July 2020 District Court dismissed complaint. January 2022 Court Appeals reversed decision. June 2023 defendants writ certiorari Supreme Court."
}
{
    "_id": "JNJ20231991",
    "title": "",
    "text": "February 2024 class action filed Company Pension Benefits Committee Johnson & Johnson officers employees New Jersey. prescription-drug benefits. seeks damages relief."
}
{
    "_id": "JNJ20231993",
    "title": "",
    "text": "October 2020 Fortis Advisors Auris Health. filed complaint Ethicon. officers employees Chancery Delaware. breach contract fraud acquisition Auris 2019. seeks damages relief. December 2021 Court denied dismiss. claims dismissed. trial January 2024 decision."
}
{
    "_id": "JNJ20231996",
    "title": "",
    "text": "June 2019 Commission issued Civil Investigative Demand Janssen Biotech. REMICADE contracting antitrust laws. Company produced documents information. Janssen FTC."
}
{
    "_id": "JNJ20231997",
    "title": "",
    "text": "February 2022 issued Investigative Demands Johnson & Johnson Janssen Biotech. advertising REMICADE law. Janssen produced documents Demands. FTC."
}
{
    "_id": "JNJ20231998",
    "title": "",
    "text": "2022 Genmab Notice Arbitration Janssen Biotech. Darzalex. April 2023 Panel Janssen dismissed claims. January 2024 denied."
}
{
    "_id": "JNJ20231999",
    "title": "",
    "text": "October 2018 class actions filed Actelion Pharmaceutical. Clinical Research. Maryland Columbia. complaints Actelion antitrust unfair competition laws refusing samples TRACLEER. Risk Evaluation Mitigation Strategy. Food Drug Administration restrictions distribution. January 2019 plaintiffs dismissed filed consolidated complaint Maryland."
}
{
    "_id": "JNJ20232000",
    "title": "",
    "text": "December 2023 class action lawsuit filed Janssen Biotech. District Court Eastern District Virginia. violated delaying competition STELARA. seeks damages relief."
}
{
    "_id": "JNJ20232002",
    "title": "",
    "text": "Janssen Pharmaceuticals. Arbitration Emergent Biosolutions. breached COVID-19 vaccine. July Emergent statement counterclaims. hearing July 2024."
}
{
    "_id": "JNJ20232004",
    "title": "",
    "text": "2023 Company restructuring Innovative Medicine MedTech. programs."
}
{
    "_id": "JNJ20232005",
    "title": "",
    "text": "2023 Company Innovative Medicine promising medicines benefit. programs. exits infectious diseases vaccines vaccine hepatitis HIV. Pre-tax Restructuring expenses $479 million termination partnered non-partnered costs asset impairments. estimated $500 million - $600 million 2024."
}
{
    "_id": "JNJ20232006",
    "title": "",
    "text": "2023 Company restructuring Orthopaedics franchise markets product lines. pre-tax restructuring expense $319 million inventory instrument charges. estimated costs $700 million - $800 million 2025."
}
{
    "_id": "JNJ20232011",
    "title": "",
    "text": "table restructuring expenses 2023-tax Innovative Medicine MedTech Programs"
}
{
    "_id": "JNJ20232012",
    "title": "",
    "text": "$449 million Restructuring $30 million Cost"
}
{
    "_id": "JNJ20232013",
    "title": "",
    "text": "$40 million Restructuring $279 million Cost"
}
{
    "_id": "JNJ20232014",
    "title": "",
    "text": "reserves December January insignificant."
}
{
    "_id": "JNJ20232017",
    "title": "",
    "text": "May 8 2023 Kenvue 198,734,444 shares $0. 01 share $22. 00 share proceeds $4. 2 billion. excess Johnson Johnson $2. 5 billion paid capital. Johnson Johnson 89. 6% shares Kenvue July 2, 2023 non-controlling interest $1. 3 billion second quarter 2023."
}
{
    "_id": "JNJ20232018",
    "title": "",
    "text": "August 23, 2023 Johnson Johnson. 1% Kenvue Common Stock 190,955,436 1,533,830,450. $31. 4 billion Treasury. owns 9. 5% shares Kenvue $4. 3 billion August 23, 2023. changes $0. 4 billion December 31, 2023."
}
{
    "_id": "JNJ20232019",
    "title": "",
    "text": "Johnson & Johnson divested $11. 6 billion August 2023 loss Consumer Health $4. 3 billion. decreased non-controlling interest $1. 2 billion deconsolidation Kenvue. non-cash gain $21. billion third quarter 2023. $2. 8 billion Kenvue Common Stock. tax-free."
}
{
    "_id": "JNJ20232020",
    "title": "",
    "text": "Johnson & Johnson Kenvue entered separation agreement agreements assets liabilities Consumer Health business to Kenvue interim relationships Kenvue IPO transition services manufacturing trademark intellectual property employee tax. Johnson & Johnson Kenvue Kenvue Johnson & Johnson. terminate 24 months Kenvue IPO. Johnson & Johnson Kenvue entered TMAs Kenvue Kenvue. 3 months to 5 years."
}
{
    "_id": "JNJ20232021",
    "title": "",
    "text": "TSAs TMAs immaterial 2023. due Kenvue not material December 31, 2023."
}
{
    "_id": "JNJ20232023",
    "title": "",
    "text": "Consumer Health business gain reflected discontinued Net. periods. separation Kenvue Johnson & Johnson incurred costs $986 million $1,089 million $67 million 2023 2022 2021 included earnings. advisory legal accounting contractor costs separation. 2022 recognized $0. 5 billion net tax costs. January 1, 2023 assets liabilities classified discontinued operations balance sheets."
}
{
    "_id": "JNJ20232038",
    "title": "",
    "text": "Net Earnings Discontinued Operations taxes Millions Sales$10,036,953,035 Cost,369 profit#8,459#8,583 Selling marketing administrative expenses#4,519#4,542 Research development#437 Interest Kenvue,984) Restructuring Earnings,134#2,366#3,598 taxes#795#521 Net earnings$21,827#1,571#3,077"
}
{
    "_id": "JNJ20232039",
    "title": "",
    "text": "Company ceased consolidating Consumer Health August 23, 2023 separation costs fourth quarter."
}
{
    "_id": "JNJ20232043",
    "title": "",
    "text": "table depreciation expenditures discontinued operations Kenvue Depreciation Amortization expenditures"
}
{
    "_id": "JNJ20232071",
    "title": "",
    "text": "liabilities discontinued operations 1 2023 Cash$1,238,121 Inventories,215 expenses assets Property Intangible assets Goodwill,184 Deferred taxes noncurrent assets$21,407 Loans Accounts Accrued liabilities rebates returns promotions compensation obligations liabilities debt Deferred taxes Employee obligations Other liabilities noncurrent liabilities$2,901"
}
{
    "_id": "JNJ20232092",
    "title": "",
    "text": "quarterly financial data discontinued operations 2023 2022 summarized Millions Share Segment sales Innovative Medicine$13,413,731,893,722,869,317,214,163 MedTech Total sales,894#21,519,351,395,215,996 Gross profit,207,057,745,597,822,893,824,855 Earnings taxes(1,287),306,217,203,144,172,840 earnings continuing operations,376,309,132,262,310,227 discontinued operations tax#578#293,144,049,149 net earnings per shareBasic net earnings (loss continuing operations. 19. 07. 71. 74. 62 24 discontinued operations. 16. 09. 61. 21 11 earnings (loss share. 98. 83 net earnings (loss share continuing operations. 19. 62 discontinued operations. 16. 09. 52. 22 11 net earnings (loss share. 96. 21. 67. 93"
}
{
    "_id": "JNJ20232093",
    "title": "",
    "text": "quarter 2023. billion talc."
}
{
    "_id": "JNJ20232094",
    "title": "",
    "text": "fiscal quarter 2023 non-cash gain exchange $21. billion Net earnings discontinued operations taxes. billion Kenvue. billion Idorsia debt equity securities."
}
{
    "_id": "JNJ20232095",
    "title": "",
    "text": "fourth quarter 2023. 4 billion"
}
{
    "_id": "JNJ20232096",
    "title": "",
    "text": "2022 Company recorded intangible asset impairment. 6 billion bermekimab."
}
{
    "_id": "JNJ20232097",
    "title": "",
    "text": "fourth quarter 2022 COVID-19."
}
{
    "_id": "JNJ20232100",
    "title": "",
    "text": "Board Shareholders Johnson"
}
{
    "_id": "JNJ20232101",
    "title": "",
    "text": "financial statements reporting"
}
{
    "_id": "JNJ20232102",
    "title": "",
    "text": "audited balance sheets Johnson & Johnson subsidiaries December 31, January 1, 2023 statements earnings income equity cash flows three fiscal years December 31, 2023 notes financial. audited control financial reporting Internal Control - Integrated Framework."
}
{
    "_id": "JNJ20232103",
    "title": "",
    "text": "consolidated financial statements present financial position December January 1, 2023 results operations cash flows three fiscal years accounting principles. Company maintained internal control financial reporting Internal Control - Integrated Framework (2013) COSO."
}
{
    "_id": "JNJ20232105",
    "title": "",
    "text": "Company management responsible for consolidated financial statements internal control assessment Report Internal Control. opinions consolidated financial statements internal control audits. public accounting firm Accounting Oversight Board independent. federal securities laws rules Securities and Exchange Commission PCAOB."
}
{
    "_id": "JNJ20232106",
    "title": "",
    "text": "conducted audits PCAOB. standards require plan assurance consolidated financial statements free misstatement error fraud internal control."
}
{
    "_id": "JNJ20232107",
    "title": "",
    "text": "audits of consolidated financial statements included risks misstatement error or fraud. examining evidence amounts disclosures. accounting principles estimates management presentation. audit of internal control over financial reporting included understanding risk material weakness testing design effectiveness control risk. other procedures necessary. audits provide reasonable basis for opinions."
}
{
    "_id": "JNJ20232109",
    "title": "",
    "text": "internal control over financial reporting assurance reliability financial reporting preparation financial statements for accounting principles. includes policies procedures maintenance of records transactions dispositions assets assurance transactions recorded necessary preparation financial statements receipts expenditures with authorizations management directors prevention of unauthorized acquisition use disposition assets financial statements."
}
{
    "_id": "JNJ20232111",
    "title": "",
    "text": "limitations internal control financial reporting prevent misstatements. projections effectiveness future risk controls compliance policies deteriorate."
}
{
    "_id": "JNJ20232113",
    "title": "",
    "text": "critical audit matters from current period audit of consolidated financial statements communicated to audit committee relate to accounts disclosures material challenging complex judgments. communication alter our opinion on financial statements not providing separate opinions."
}
{
    "_id": "JNJ20232115",
    "title": "",
    "text": "Note 1 Company recognizes revenue product sales obligations. Rebates discounts variable reduction sales. liability Accrued Rebates Returns Promotions balance sheet. liability sale goods. Managed Care Medicare Medicaid programs $11. 5 billion December 31, 2023. contractual terms historical experience patient outcomes trend analysis market conditions. pharmaceutical."
}
{
    "_id": "JNJ20232116",
    "title": "",
    "text": "considerations U. S. pharmaceutical rebate reserves critical judgment measurement uncertainty auditor judgment subjectivity audit effort contractual terms historical experience patient outcomes trend analysis market conditions."
}
{
    "_id": "JNJ20232117",
    "title": "",
    "text": "audit evidence opinion financial statements. procedures controls. pharmaceutical rebate reserves Care Medicare Medicaid assumptions. procedures developing independent estimate party information price market. pharmaceutical market rebate programs historical experience analysis rebate claims testing rebate claims consistency arrangements comparing estimates estimates."
}
{
    "_id": "JNJ20232119",
    "title": "",
    "text": "Notes 1 19 Company records accruals for loss contingencies including talc probable liability loss estimated. adverse record accrual until loss probable estimated. unable estimate possible loss beyond amounts accrued. Amounts accrued contingencies result from complex judgments estimates. affected by factors damages unsubstantiated discovery legal uncertainties facts procedural jurisdictional issues claims complexity numerous parties. Management legal grounds to contest talc verdicts. safety talc products settled cases. recognized provision approximately $9 billion one-third current liability settlements. recorded amount best estimate probable loss after dismissal. full resolution of all talc matters unable to estimate possible loss beyond remaining amount accrued."
}
{
    "_id": "JNJ20232120",
    "title": "",
    "text": "principal considerations talc litigation critical audit significant judgment management likelihood loss reasonable estimate loss future talc claims timing settlement payments led to high auditor judgment subjectivity effort loss contingencies."
}
{
    "_id": "JNJ20232122",
    "title": "",
    "text": "matter involved evaluating audit evidence forming opinion on consolidated financial statements. procedures included controls evaluation talc litigation loss financial statement disclosures. procedures included understanding process accounting reporting talc litigation evaluating settlement agreements discussing status settlements with-house legal counsel external counsel obtaining letters audit inquiry litigation evaluating assessment unfavorable outcome evaluating litigation contingencies disclosures."
}
{
    "_id": "JNJ20232127",
    "title": "",
    "text": "served Company’s auditor since 1920. determine specific year."
}
{
    "_id": "JNJ20232129",
    "title": "",
    "text": "Section 404 Sarbanes-Oxley Act 2002 management assess control financial reporting fiscal year report."
}
{
    "_id": "JNJ20232130",
    "title": "",
    "text": "Management responsible establishing internal control financial reporting. assurance reliability preparation external financial statements accounting principles."
}
{
    "_id": "JNJ20232131",
    "title": "",
    "text": "Internal controls over financial reporting have limitations. reasonable assurance preparation not prevent all misstatements. projections of effectiveness to future risk controls compliance with deteriorate."
}
{
    "_id": "JNJ20232132",
    "title": "",
    "text": "management assessed control financial reporting December 31, 2023. used criteria Sponsoring Treadway Control-Integrated Framework (2013). environment risk assessment activities information communication monitoring. documenting testing controls."
}
{
    "_id": "JNJ20232133",
    "title": "",
    "text": "processes concluded December 31, 2023 control financial reporting."
}
{
    "_id": "JNJ20232138",
    "title": "",
    "text": "financial reporting December 2023 audited PricewaterhouseCoopers. Duato. Wolk. Wolk Chairman Board Directors Vice President Chief Financial Officer"
}
{
    "_id": "JNJ20232141",
    "title": "",
    "text": "graphs shareholder return Common Stock five ten years ending 2023 Standard & Poor’s 500 Stock Index Pharmaceutical Index Healthcare Equipment Index. $100 invested December 2018 2013 Common Stock 500 Index dividends reinvested."
}
{
    "_id": "JNJ20232157",
    "title": "",
    "text": "CAGR. S&P 500. Pharm. S&P H/C Equip. Johnson Johnson.$116.$128.$143.$152. S&P 500 Index.$155.$200$207. S&P Pharmaceutical Index.$168.$169. S&P Healthcare Equipment Index.$181.$147."
}
{
    "_id": "JNJ20232172",
    "title": "",
    "text": "-year CAGR. S&P 500. S Pharm. S H/C Equip. Johnson Johnson$100.$118.$136$161.$187.$208.$231.$245.$224 S&P 500 Index.$157$197.$300.$246.$311. S&P Pharmaceutical Index.$122.$127.$154.$178$191.$261.$262. S&P Healthcare Equipment Index.$126.$133.$142.$186.$216.$280$329.$393.$319.$348."
}
{
    "_id": "JNJ20232174",
    "title": "",
    "text": "disagreements disclosure"
}
{
    "_id": "JNJ20232175",
    "title": "",
    "text": "."
}
{
    "_id": "JNJ20232177",
    "title": "",
    "text": "Disclosure controls procedures. end period Report Company evaluated effectiveness disclosure controls procedures. ensure information reports Exchange Act recorded processed summarized reported within SEC’s rules forms. controls procedures information accumulated to management principal executive financial officers timely decisions disclosure. Joaquin Duato Chairman Chief Joseph J. Wolk Executive Vice President reviewed participated evaluation. Wolk concluded end disclosure controls procedures effective."
}
{
    "_id": "JNJ20232178",
    "title": "",
    "text": "Reports control financial reporting. information incorporated Management’s report attestation report independent accounting firm Item 8."
}
{
    "_id": "JNJ20232179",
    "title": "",
    "text": "Changes control financial reporting. fiscal quarter December 31, 2023 no changes control financial reporting evaluation Rules 13a-15 15d-15 Exchange Act. disclosure controls procedures."
}
{
    "_id": "JNJ20232180",
    "title": "",
    "text": "Company implementing multi-year initiative integrate standardize processes human resources information technology procurement supply chain finance. growth financial standardize systems. not deficiency control financial reporting. financial control environment."
}
{
    "_id": "JNJ20232182",
    "title": "",
    "text": "Securities plans Directors Officers. quarter 2023 directors Exchange Act informed termination 10b5-1-Rule 10b5-1 Item 408 Regulation."
}
{
    "_id": "JNJ20232185",
    "title": "",
    "text": "."
}
{
    "_id": "JNJ20232188",
    "title": "",
    "text": "information incorporated Audit Committee 1. Election Directors Board committees. Election Delinquent Section 16(a) Proxy Statement “Executive Officers Part I Report."
}
{
    "_id": "JNJ20232189",
    "title": "",
    "text": "Company’s Code of Business Conduct covers employees Chief Executive Financial Officer meets SEC rules Section 406 Sarbanes-Oxley Act 2002. available website. copies available to shareholders request Secretary offices. amendment waiver Controller posted. within five business days retained one year."
}
{
    "_id": "JNJ20232190",
    "title": "",
    "text": "Company adopted Code of Business Conduct & Ethics for Board Directors Executive Officers. available on website. copies available to shareholders without upon request Secretary at principal executive offices. amendment or waiver posted on website. within five business days retained for one year."
}
{
    "_id": "JNJ20232192",
    "title": "",
    "text": "information 1. Election Directors compensation 2. Compensation Executive compensation tables Proxy Statement."
}
{
    "_id": "JNJ20232193",
    "title": "",
    "text": "material incorporated Compensation Committee report Proxy Statement furnished not filed incorporated filing Securities Act 1933 Securities Exchange Act 1934 except Company incorporates."
}
{
    "_id": "JNJ20232194",
    "title": "",
    "text": "Security ownership owners stockholder"
}
{
    "_id": "JNJ20232195",
    "title": "",
    "text": "incorporated 1. Stock ownership Proxy Statement 16 Common stock option compensation agreements Financial Statements 8."
}
{
    "_id": "JNJ20232202",
    "title": "",
    "text": "table information December 31, 2023 shares Common Stock equity compensation plans. Plan Category Securities Options Exercise Price Securities Future Issuance Plans Approved,211,785.,112,007 Plans Not Approved Total,211,785.,112,007"
}
{
    "_id": "JNJ20232203",
    "title": "",
    "text": "category equity compensation plans approved shareholders 2012 2022."
}
{
    "_id": "JNJ20232204",
    "title": "",
    "text": "column excludes shares Securities Options Rights."
}
{
    "_id": "JNJ20232205",
    "title": "",
    "text": "2012-Term Incentive Plan expired. options shares Plan."
}
{
    "_id": "JNJ20232207",
    "title": "",
    "text": "information incorporated captions. Election Directors transactions independence Proxy Statement."
}
{
    "_id": "JNJ20232210",
    "title": "",
    "text": "information item incorporated 3. Ratification accounting firm Proxy Statement."
}
{
    "_id": "JNJ20232214",
    "title": "",
    "text": "documents filed. Financial Statements"
}
{
    "_id": "JNJ20232215",
    "title": "",
    "text": "sheets 2023 2022"
}
{
    "_id": "JNJ20232216",
    "title": "",
    "text": "statements 2023 2022"
}
{
    "_id": "JNJ20232217",
    "title": "",
    "text": "statements 2023 2022"
}
{
    "_id": "JNJ20232218",
    "title": "",
    "text": "statements equity 2022"
}
{
    "_id": "JNJ20232219",
    "title": "",
    "text": "2023 2022 2021"
}
{
    "_id": "JNJ20232222",
    "title": "",
    "text": "schedules omitted required information financial statements."
}
{
    "_id": "JNJ20232223",
    "title": "",
    "text": ". Exhibits filed regulation"
}
{
    "_id": "JNJ20232224",
    "title": "",
    "text": "information incorporated Exhibit Index Report."
}
{
    "_id": "JNJ20232226",
    "title": "",
    "text": "Registrants include Form 10-K Item 16. Company."
}
{
    "_id": "JNJ20232229",
    "title": "",
    "text": "Section 13 Securities Exchange Act 1934 registrant Report signed undersigned."
}
{
    "_id": "JNJ20232268",
    "title": "",
    "text": "Securities Exchange Act 1934 report signed persons dates. Signature. Duato#Chairman Board 16, 2024. Executive Officer. Wolk Financial Officer 16 2024. Decker. Chief Accounting Officer 16 2024. Decker Accounting Officer. Adamczyk 16, 2024. Beckerle 16, 2024. Davis 16 2024. Doudna 16 2024. Signature. Hewson 16, 2024. Johnson 16, 2024. Joly 16, 2024. McClellan 16, 2024. Mulcahy#Director 16, 2024. Weinberger#February 16, 2024.West 16 2024. West. Woods. Woods"
}
{
    "_id": "JNJ20232272",
    "title": "",
    "text": ". Exhibit"
}
{
    "_id": "JNJ20232294",
    "title": "",
    "text": "Merger October 31, 2022 Johnson & Johnson Athos Merger Sub. ABIOMED. Exhibit 2. Form 8-K Report November 2022. Certificate Incorporation February 19, 2016 Exhibit 3 10-K Report. Amendment Johnson Johnson April 30, 2020 Exhibit 3.-Laws Company June 9 2020 Exhibit 3. Securities Exchange Commission Registrant instruments long-term debt. Securities Securities Exchange Act 1934 Exhibit 4. 8-K August 12 2020. Long-Term Incentive Plan Appendix A Proxy Statement March 15 2012. Stock Option Certificate 2012 Long-Term Incentive Plan Exhibit 10. Form Quarterly Report April 1.10(c Restricted Share Unit Certificate 2012 Incentive Plan Exhibit 10. 3 April 1 2012.(d Performance Share Unit Certificate Exhibit 10. 4.(e NonQualified Stock Option Award Agreement Exhibit 10. 1 April 1.(f Restricted Share Unit Award Agreement Exhibit 10. 2. Performance Share Unit Award Agreement Exhibit 10. 3.(h Restricted Share Unit Award Agreement John Reed May 1 2023 2022 Long-Term Incentive Plan.(i Deferred Compensation Compensation Plan Exhibit 10(g) 10-K Annual Report December 28, 2003.(j Certificate Extra Compensation Plan January 1, 2009 Exhibit 10(j 10-K Annual Report December 28, 2008.10 Performance Plan Exhibit 10. 10-Q Quarterly Report September 27,. 10 Deferred Fee Plan Directors January 17, 2012) Exhibit 10 10-K January. Exhibit Table"
}
{
    "_id": "JNJ20232315",
    "title": "",
    "text": "Johnson & Johnson Executive Income Deferral Plan January 1 2010 Exhibit 10. 10-Q Quarterly Report September 30, 2012. Johnson & Johnson Excess Savings Plan restated January 1, 2022 Exhibit 10 January 1 2023. Benefit Plan Johnson & Johnson Companies restated January 1, 2020 January 2021. Life Plan Agreement 10 January 3, 1993. Agreement Closure Letter. March 29, 2015. Long-Term Incentive Plan Appendix Proxy Statement March 16, 2022. Pay Plan Johnson & Johnson. Companies Amended Restated October 1, 2014 Exhibit 10. Amendment Severance Pay Plan Johnson. October 1, 2014) Exhibit 10. June 28, 2015.10 Amendment Severance Pay Plan Johnson & Johnson U. S. Affiliated Companies October 1 2014) Exhibit 10 Registrant's Form 10-K Annual Report year January 3 2016. Value Rights Agreement December 22, 2022 Johnson & Johnson American Stock Transfer Trust Company Exhibit 10. Registrant’s Form 8-K Report. Agreement May 3 2023 Johnson & Johnson Kenvue. Matters Agreement. Matters Agreement. Property Agreement. Phase-Out License Agreement 3 2023 Johnson Johnson. Services Agreement Kenvue. Manufacturing Agreement. Rights Agreement. Johnson Deferred Compensation Plan Performance Share Unit Award Agreement"
}
{
    "_id": "JNJ20232318",
    "title": "",
    "text": ". Exhibit"
}
{
    "_id": "JNJ20232339",
    "title": "",
    "text": "Restricted Share Unit Award Agreement Nonqualified Stock Option Agreement Johnson & Johnson Excess Savings Plan January 1, 2022 Exhibit 10. Form 10-Q Quarterly Report October 1 2023. & Johnson Executive Incentive Plan September 7, 2023 Exhibit 10. 2 10-Q Report October 1 2023. & Johnson Stock Trading Policy Directors Executive Officers Insiders April 27, 2023. Independent Public Accounting Firm. Chief Executive Officer Section 302 Sarbanes-Oxley Act. Chief Financial Officer. Section 906 Act. & Johnson Clawback Policy August 8, 2023. Exhibit 101. Document Interactive Data File XBRL tags XBRL document.XBRL Taxonomy Extension Label EX-101. Presentation-101. Definition Exhibit 104 Page Interactive Data XBRL tags embedded document."
}
{
    "_id": "JNJ20232340",
    "title": "",
    "text": "compensatory."
}
{
    "_id": "JNJ20232341",
    "title": "",
    "text": "."
}
{
    "_id": "JNJ20232342",
    "title": "",
    "text": "exhibits schedules omitted 601 Regulation S-K."
}
{
    "_id": "JPM20230005",
    "title": "",
    "text": "JPMorgan Chase. NYSE Delaware 1968 leading financial services. operations worldwide. $3. 9 trillion assets $327. 9 billion equity December 31, 2023. leader investment banking financial services commercial banking processing management. Morgan Chase serves millions. clients"
}
{
    "_id": "JPM20230006",
    "title": "",
    "text": "JPMorgan subsidiary. national banking association. branches 48 states Washington. non-bank subsidiary J. P Morgan Securities LLC. U S broker-dealer. bank non subsidiaries operate nationally overseas branches subsidiaries foreign banks. subsidiaries outside. Morgan Securities. United Kingdom. Germany."
}
{
    "_id": "JPM20230007",
    "title": "",
    "text": "Firm’s website. jpmorganchase. com. annual Form 10-K quarterly 10-Q current Form 8-K Section 13 15(d Securities Exchange Act 1934 U. Securities Exchange Commission. information. Investor Relations section. Form 10-K not incorporated Annual Report 10-K December 31, 2023 filings SEC. adopted Code of Conduct employees Code of Ethics Chairman Chief Executive Officer Chief Financial Officer Principal Accounting Officer professionals finance accounting treasury tax investor relations. Code of Ethics available print Investor Relations team. amendment Code of Ethics waiver director executive officer."
}
{
    "_id": "JPM20230009",
    "title": "",
    "text": "JPMorgan activities four segments Corporate segment. consumer Community Banking. wholesale Corporate Investment Bank Commercial Banking Asset Wealth Management."
}
{
    "_id": "JPM20230010",
    "title": "",
    "text": "business segments products services segment Management’s financial page 48 Note 32. May 1, 2023 JPMorgan Chase acquired assets liabilities First Republic Bank Federal Deposit Insurance Corporation. Note 34."
}
{
    "_id": "JPM20230013",
    "title": "",
    "text": "JPMorgan Chase subsidiaries affiliates competitive. Competitors include banks brokerage investment merchant banks hedge funds commodity trading private equity insurance mutual fund investment managers credit card mortgage trust securities automobile financing leasing e-commerce financial technology. businesses compete quality transaction execution innovation reputation price. Competition varies clients customers industries geographies. JPMorgan Chase competes globally. competitors internet non banking."
}
{
    "_id": "JPM20230016",
    "title": "",
    "text": "JPMorgan Chase believes growth high-performing diverse workforce inclusion accessibility. information relates full part-time employees contractors."
}
{
    "_id": "JPM20230026",
    "title": "",
    "text": "December 31, 2023 JPMorgan Chase 309,926 employees increase 16,203. growth front office operations technology First Republic acquisition. employees 65 countries 60% U. S. distribution workforce region line business 2023 Breakdown North America,640 Asia-Pacific,406 Europe/Middle East/Africa,867 Latin America/Caribbean,186,485 Total"
}
{
    "_id": "JPM20230041",
    "title": "",
    "text": "table presents information self-identifications Firm’s employees Board of Directors December 31, 2023. race/ethnicity Equal Employment Opportunity classifications U. S. gender global employees. race/ethnicity gender Operating Committee Board Directors reflects. LGBTQ+ veteran statuses U. S. employees. disability status U. S. employees Committee. December 31, 2023 employees level employees Committee of Directors Race/Ethnicity White Hispanic Asian Black Gender Men Women LGBTQ+ Military veterans People disabilities"
}
{
    "_id": "JPM20230042",
    "title": "",
    "text": "EEO metrics. percentage self-identified race/ethnicity 96% 94% Firm’s. senior Operating Committee Board Directors. Operating Committee member outside U."
}
{
    "_id": "JPM20230043",
    "title": "",
    "text": "Alaskan Hawaiian Pacific Islander races."
}
{
    "_id": "JPM20230044",
    "title": "",
    "text": "self-identified gender 98% employees 99% senior employees members Operating Committee Board Directors."
}
{
    "_id": "JPM20230045",
    "title": "",
    "text": "percentage U. employees. senior employees members Operating Committee Board Directors."
}
{
    "_id": "JPM20230046",
    "title": "",
    "text": "level represents Managing Director."
}
{
    "_id": "JPM20230047",
    "title": "",
    "text": ". Weinberger elected Board January 2024."
}
{
    "_id": "JPM20230049",
    "title": "",
    "text": "Firm request Board-identify disability."
}
{
    "_id": "JPM20230051",
    "title": "",
    "text": "foundations JPMorgan Chase’s culture purpose values Principles. fundamental success represented tenets client service operational excellence integrity fairness responsibility team winning culture. inclusion respect Code of Conduct employee awareness education communication training. Business Resource Groups diversity equity inclusion strategies. global Diversity Equity Inclusion centers lead strategy equity impact inclusive culture."
}
{
    "_id": "JPM20230053",
    "title": "",
    "text": "JPMorgan recruitment hire talented roles career levels. external internal employees career opportunities. internship entry-level management executive careers. 2023 60% employment opportunities filled external candidates remainder existing employees. hybrid work models on-site remote."
}
{
    "_id": "JPM20230054",
    "title": "",
    "text": "diverse backgrounds recruitment. JPMorgan Chase sources talent inclusive work environment. Diversity Equity Inclusion centers support career coaching mentorship."
}
{
    "_id": "JPM20230055",
    "title": "",
    "text": "JPMorgan Chase fellowship program accomplished career break return workforce. hiring focus skills degrees."
}
{
    "_id": "JPM20230057",
    "title": "",
    "text": "JPMorgan Chase career growth. onboarding hires compliance Code Conduct policies standards cybersecurity. offers training resources leadership change management analytical thinking culture diversity equity inclusion risk. Leadership Edge Firmwide leadership culture."
}
{
    "_id": "JPM20230059",
    "title": "",
    "text": "Firm provides-competitive compensation benefits programs. JPMorgan principles pay-for-performance practices talent responsiveness shareholder interests culture Business Principles. disciplined compensation framework risk controls conduct. equitably competitively."
}
{
    "_id": "JPM20230061",
    "title": "",
    "text": "JPMorgan Chase offers benefits wellness packages healthcare retirement insurance health centers counseling vacation leave policies child care tuition financial coaching. 2023 enhanced health benefits. medical plan free mental health counseling."
}
{
    "_id": "JPM20230064",
    "title": "",
    "text": "Firm subject regulation U. S federal state laws jurisdictions outside."
}
{
    "_id": "JPM20230065",
    "title": "",
    "text": "company"
}
{
    "_id": "JPM20230066",
    "title": "",
    "text": ". JPMorgan Chase & Co. bank financial. federal law subject to supervision Board Governors Federal Reserve System. operations. JPMorgan Chase’s subsidiaries regulated by authorities activities."
}
{
    "_id": "JPM20230067",
    "title": "",
    "text": "JPMorgan subsidiary Bank. supervised Office Comptroller Currency Federal Deposit Insurance Corporation."
}
{
    "_id": "JPM20230068",
    "title": "",
    "text": "JPMorgan Chase’s. broker-dealers Securities Exchange Commission Financial Industry Regulatory Authority. Subsidiaries Commodity Futures Commission. Morgan Securities banking license. Prudential Regulation. Financial Conduct Authority."
}
{
    "_id": "JPM20230069",
    "title": "",
    "text": "JPMSE Germany credit institution European Bank local regulators. non-U. S. subsidiaries banking securities prudential payments authorities."
}
{
    "_id": "JPM20230070",
    "title": "",
    "text": "business activities. Bank Holding Company Act restricts BHCs banking. FHCs broader financial activities. Federal Reserve FHC’s activities if eligibility requirements. impose corrective capital managerial requirements FHC divestiture institutions. If depository institution FHC satisfactory rating Community Reinvestment Act new activities"
}
{
    "_id": "JPM20230071",
    "title": "",
    "text": "BHCs acquiring company."
}
{
    "_id": "JPM20230072",
    "title": "",
    "text": ". Federal Reserve JPMorgan Chase Basel III evaluates compliance. OCC requirements JPMorgan Chase Bank. non-U. subsidiaries branches local requirements."
}
{
    "_id": "JPM20230073",
    "title": "",
    "text": "Banking supervisors Basel III capital framework. July 2023. regulators proposal amend. capital framework Basel III. banks $100 billion. banks. effective date July 1, 2025 three-year transition."
}
{
    "_id": "JPM20230074",
    "title": "",
    "text": ". EU. regulators finalized Basel III. dates January 1 2025 July 1 2025. transitional arrangements 2030 2032."
}
{
    "_id": "JPM20230075",
    "title": "",
    "text": "Stress tests. large BHC JPMorgan Chase subject supervisory stress testing Federal Reserve. annual stress tests submit annual capital plan. uses results Stress Capital Buffer requirement. annual CCAR submission April 5, 2024. Federal Reserve SCB requirement June 30, 2024 final SCB requirement August 31, 2024. final SCB requirement effective October 1, 2024. OCC requires JPMorgan Chase Bank. stress tests annually. Firm publishes results stress tests."
}
{
    "_id": "JPM20230077",
    "title": "",
    "text": "Capital 91-101 Liquidity 102–109."
}
{
    "_id": "JPM20230078",
    "title": "",
    "text": "prudential standards. risks financial. large banking recommends prudential standards reporting Federal Reserve institutions JPMorgan Chase. Federal Reserve rules risk management corporate governance. JPMorgan Chase liquidity risk management standards oversight board."
}
{
    "_id": "JPM20230079",
    "title": "",
    "text": "Resolution recovery. Firm comprehensive recovery plan updated annually summarizes actions well-capitalized-funded avoid failure adverse event. JPMorgan Chase Bank. required prepare submit recovery plan OCC. Dodd-Frank Wall Street Reform Consumer Protection Act submit Federal Reserve FDIC plan resolution Bankruptcy Code distress failure. resolution plan submissions alternate “targeted” “full” plans. recent resolution plan filed June 30, 2023 next July 1, 2025. prepare submit separate resolution plan FDIC regulation. filed resolution plan December 1, 2023."
}
{
    "_id": "JPM20230080",
    "title": "",
    "text": "August 2023 FDIC proposal revise IDI Resolution Rule.-insured institutions $100 billion JPMorgan Chase Bank N. content increase frequency two years interim supplements non-submission years. credibility expectations bank engagement capabilities testing review enforcement compliance Rule."
}
{
    "_id": "JPM20230081",
    "title": "",
    "text": "non. subsidiaries branches local resolution."
}
{
    "_id": "JPM20230082",
    "title": "",
    "text": "liquidation authority. companies JPMorgan Chase subsidiaries resolution liquidation Bankruptcy Code. Treasury Secretary President determinations financial distress systemic risk recommended by FDIC Federal Reserve. Firm subject resolution Bankruptcy Code. FDIC policy “single point strategy for resolution SIFIs subsidiaries BHC open losses on shareholders creditors."
}
{
    "_id": "JPM20230083",
    "title": "",
    "text": ". JPMorgan Chase Co. financial strength depository subsidiaries commit support directed Federal Reserve."
}
{
    "_id": "JPM20230084",
    "title": "",
    "text": "Regulation acquisitions. by BHCs banks subject to requirements prohibitions by law Federal Reserve OCC. FHCs BHCs approval Federal Reserve before 5% voting shares unaffiliated bank. acquisitions by financial companies prohibited if liabilities exceed 10% Federal. Firm must provide notice Federal Reserve acquiring voting shares company over $10 billion assets. FHCs Federal Reserve acquisitions if eligibility requirements."
}
{
    "_id": "JPM20230085",
    "title": "",
    "text": ". Firm Deferred Prosecution Agreement Department Justice September 2020 precious metals. Treasuries cooperation CFTC."
}
{
    "_id": "JPM20230086",
    "title": "",
    "text": "banks"
}
{
    "_id": "JPM20230088",
    "title": "",
    "text": "activities JPMorgan Chase Bank. subsidiary National Bank Act OCC. OCC JPMorgan Chase Bank."
}
{
    "_id": "JPM20230090",
    "title": "",
    "text": "unsafe banking practices limiting JPMorgan Chase Bank. imposing requirements."
}
{
    "_id": "JPM20230091",
    "title": "",
    "text": "FDIC deposit insurance. deposits funded assessments banks JPMorgan Chase Bank. FDIC minimum reserve ratio-insured deposits 1. 35%. ratio below minimum October 2022 FDIC assessments. restoration plan ratio 1. 35% by September 30, 2028 target reserve ratio 2%."
}
{
    "_id": "JPM20230092",
    "title": "",
    "text": "FDIC insolvency. JPMorgan Chase Bank. FDIC conservator Deposit Insurance Act. liabilities approval creditors."
}
{
    "_id": "JPM20230093",
    "title": "",
    "text": ". Federal Deposit Insurance Corporation Improvement Act 1991 depository institution capital adequacy standards. Federal Reserve BHC JPMorgan Chase. undercapitalized status. BHC capital restoration undercapitalized subsidiary."
}
{
    "_id": "JPM20230094",
    "title": "",
    "text": "Heightened Supervisory Standards. OCC established guidelines standards large banks minimum risk governance framework. bank’s risk governance framework risk profile parent BHC. bank’s board risk framework oversight risk management accountable."
}
{
    "_id": "JPM20230095",
    "title": "",
    "text": "Firm’s banking entities EU. ECB PRA strategy governance risk climate change operational resilience IT third-party services shocks. non-EU banking groups"
}
{
    "_id": "JPM20230096",
    "title": "",
    "text": "intermediate parent undertaking EU two bank separation. Firm ECB May 2023 two IPUs EU banks broker-dealers."
}
{
    "_id": "JPM20230097",
    "title": "",
    "text": "Restrictions transactions. JPMorgan Chase Bank. subsidiaries subject federal law extensions credit investments stock securities derivatives transactions JPMorgan. restrictions prevent. borrowing. unless loans secured comply requirements."
}
{
    "_id": "JPM20230098",
    "title": "",
    "text": "Dividend restrictions. Federal law payment dividends national banks JPMorgan Chase Bank. Note 26 dividends. January 1, 2024 without approval banking regulators. OCC Federal Reserve prohibit payment dividends unsafe financial condition."
}
{
    "_id": "JPM20230099",
    "title": "",
    "text": "Depositor preference. federal law receiver insured depositary institution administrative expense holders. deposit liabilities FDIC non. branches over unsecured creditors. public noteholders."
}
{
    "_id": "JPM20230101",
    "title": "",
    "text": ". JPMorgan Chase Bank. Consumer Financial Protection Bureau federal consumer protection laws fair lending prohibition unfair deceptive abusive acts financial products. jurisdiction small business lending fair lending Equal Credit Opportunity Act. actions firms practices unfair deceptive abusive. February 2023 proposed rule late payment fees credit card issuers. January 2024 bank overdraft fees insured depository institutions. requirements overdraft"
}
{
    "_id": "JPM20230102",
    "title": "",
    "text": "protections credit cards unless overdraft fee benchmark CFPB. October 2023 Federal Reserve Board maximum interchange fee large debit card issuers Firm. publishing updated fee. Firm’s consumer activities state statutes enforced Attorney General."
}
{
    "_id": "JPM20230103",
    "title": "",
    "text": ". Firm operates retail bank J. P. Morgan Europe investment Nutmeg Saving Investment Limited. JPMEL regulated PRA FCA. fair treatment. JPMEL regulated U. K Payment Systems Regulator. businesses JPMEL Nutmeg. consumer-protection legislation. Consumer Duty. effective July 2023. financial providers requirements products services value pricing consumer understanding post-sale support."
}
{
    "_id": "JPM20230104",
    "title": "",
    "text": "Securities"
}
{
    "_id": "JPM20230105",
    "title": "",
    "text": "Firm conducts securities brokerage. J. P. Morgan Securities non-bank subsidiaries SEC FINRA New York Stock Exchange. conducts outside. local. K. J. P. Morgan Securities EU JPMSE.-dealers laws regulations sales trading funds financing capital structure record-keeping retention directors officers employees. Broker-dealer regulatory capital J. P. Morgan Securities. Morgan. sales trading subsidiaries laws manipulative anti-competitive practices."
}
{
    "_id": "JPM20230106",
    "title": "",
    "text": "Investment"
}
{
    "_id": "JPM20230107",
    "title": "",
    "text": "Firm’s wealth management businesses regulation assets funds marketing activities. subsidiaries registered SEC investment advisers broker-dealers. advisers. obligations Investment Advisers Act 1940 state federal law. bank fiduciary activities OCC."
}
{
    "_id": "JPM20230108",
    "title": "",
    "text": "Firm’s asset wealth management businesses subject regulations SEC. states standards conduct conflicts interest. October 2023 Department of Labor proposed rule investment advice fiduciaries retirement plans Employee Retirement Income Security Act 1974. impacts fee compensation practices financial institutions investment recommendations rollovers employer plan IRA."
}
{
    "_id": "JPM20230109",
    "title": "",
    "text": ""
}
{
    "_id": "JPM20230111",
    "title": "",
    "text": "Firm subject regulation derivatives businesses. JPMorgan Chase Bank. J. P. Morgan Securities LLC. registered CFTC “swap. JPMorgan Chase Bank. Morgan SEC-based swap. subject regulatory framework capital requirements collateralization uncleared segregation counterparty collateral business conduct documentation standards clearing derivatives regulated venues record-keeping reporting obligations anti-fraud-manipulation requirements. requirements European Union Directive U. K. jurisdictions."
}
{
    "_id": "JPM20230113",
    "title": "",
    "text": ". Morgan Securities CFTC National Futures Association."
}
{
    "_id": "JPM20230114",
    "title": "",
    "text": "cybersecurity"
}
{
    "_id": "JPM20230115",
    "title": "",
    "text": "Firm subsidiaries subject laws rules regulations data consumer protection privacy cybersecurity. laws evolving subject interpretation focus regulators enforced businesses operations."
}
{
    "_id": "JPM20230116",
    "title": "",
    "text": "Bank Sanctions"
}
{
    "_id": "JPM20230117",
    "title": "",
    "text": "Bank Secrecy Act requires financial institutions controls money laundering financing terrorism. BSA includes record-keeping reporting due diligence-customer. Firm subject regulations economic sanctions U. S. Office Foreign Assets Control EU U. K. authorities terrorism hostilities human rights violations. Firm subject economic sanctions laws jurisdictions JPMorgan Chase."
}
{
    "_id": "JPM20230118",
    "title": "",
    "text": ""
}
{
    "_id": "JPM20230119",
    "title": "",
    "text": "Firm subject laws payments. Foreign Corrupt Practices Act. K Bribery Act."
}
{
    "_id": "JPM20230120",
    "title": "",
    "text": ""
}
{
    "_id": "JPM20230121",
    "title": "",
    "text": "Firm’s compensation practices Federal Reserve other agencies. Federal Reserve issued guidance FDIC OCC compensation imprudent risk-taking. Financial Stability Board standards compensation. practices other jurisdictions Fifth Capital Requirements Directive EU U. K compensation. European Banking Authority guidelines compensation CRD V"
}
{
    "_id": "JPM20230122",
    "title": "",
    "text": "local regulations. U. K. regulators instituted compensation policies from EU rules. Firm expects guidelines. affect compensation programs practices."
}
{
    "_id": "JPM20230123",
    "title": "",
    "text": ""
}
{
    "_id": "JPM20230125",
    "title": "",
    "text": "Policymakers U. EU sustainability initiatives requirements. Corporate Sustainability Reporting Directive EU ESG reporting 2024. December 2023 EU Corporate Sustainability Due Diligence Directive. due diligence obligations human rights violations environmental impacts climate transition plans. impact Firm’s EU non-EU entities."
}
{
    "_id": "JPM20230127",
    "title": "",
    "text": "discussion risk factors JPMorgan Chase’s financial operations. complete. factors affect JPMorgan Chase’s business financial condition capital position liquidity competitive position reputation increasing expenses decreasing revenues losses earnings."
}
{
    "_id": "JPM20230140",
    "title": "",
    "text": "risk factors JPMorgan Chase’s business financial condition capital position liquidity competitive position reputation include •Regulatory risks impact laws financial services changes business additional costs assessments levies governmental charges differences financial services regulation supervision jurisdictions penalties collateral consequences higher compliance operational costs regulatory investigation predictable legal regulatory frameworks operations financial results losses security holders if resolution. •Political risks effects economic uncertainty. risks effects economic events governmental policies interest rates credit spreads market fluctuations businesses investment market positions earnings liquidity capital levels. •Credit risks effects financial condition clients customers losses declines value collateral impacts credit risk.•Liquidity risks JPMorgan Chase’s liquidity by market illiquidity unforeseen capital requirements inability sell assets default outflows cash collateral lack market confidence dependence. on cash flows subsidiaries effects credit ratings on liquidity cost funding. •Capital risks failure maintain capital changes capital requirements limit capital business. risks dependence on operational systems workforces competence integrity health safety negative effects risks failure systems changes products new technologies legal regulatory risks personal information cyber attack extraordinary events risks acquisitions First Republic Bank risk management framework control environment models estimations stress testing financial controls over disclosure financial reporting adverse effects failing regulatory standards oversight vendors providers.•Strategic risks damage JPMorgan competitive standing results business strategies competition impacts climate change business operations clients customers. risks negative impact misconduct failure JPMorgan expectations policies practices. risks adverse effects relationships clients"
}
{
    "_id": "JPM20230145",
    "title": "",
    "text": "shareholders regulators employee misconduct security breaches risk management compliance operational failures litigation regulatory investigations environmental social governance concerns conflicts interest fiduciary obligations reputation. risks impacts hostilities effects local economic political regulatory social factors revenues. risks attracting retaining employees travel policies. risks litigation regulatory investigations."
}
{
    "_id": "JPM20230146",
    "title": "",
    "text": "summary subject risk factors below."
}
{
    "_id": "JPM20230148",
    "title": "",
    "text": "JPMorgan Chase’s businesses regulated laws business operations."
}
{
    "_id": "JPM20230149",
    "title": "",
    "text": "JPMorgan Chase financial services firm operations worldwide. comply laws rules regulations jurisdictions extensive regulation supervision."
}
{
    "_id": "JPM20230150",
    "title": "",
    "text": "regulation JPMorgan Chase affects business operations changes supervisory expectations new laws rules regulations. developments additional costs reduction revenues reduce profitability. entry acquisition new business increase principal investments may require with additional laws rules regulations."
}
{
    "_id": "JPM20230159",
    "title": "",
    "text": "to laws rules regulations expanded supervision JPMorgan Chase required to •limit products services •reduce liquidity •refrain business opportunities •pay higher taxes assessments levies governmental charges •incur losses fraudulent transactions •dispose assets prices disadvantageous restrictions business •increase prices reduce demand."
}
{
    "_id": "JPM20230165",
    "title": "",
    "text": "failure JPMorgan Chase laws rules scrutiny enforcement actions fines penalties sanctions exposure litigation reputation."
}
{
    "_id": "JPM20230166",
    "title": "",
    "text": "financial services impact JPMorgan businesses results."
}
{
    "_id": "JPM20230170",
    "title": "",
    "text": "laws rules regulations affecting financial services firms vary size jurisdiction criteria. •larger firms JPMorgan Chase stringent supervision •financial technology companies non-traditional competitors banking regulation supervised by agency resources priorities regulatory framework jurisdiction favor financial institutions based."
}
{
    "_id": "JPM20230172",
    "title": "",
    "text": "differences regulatory JPMorgan Chase market share especially unregulated financial products."
}
{
    "_id": "JPM20230173",
    "title": "",
    "text": "differences regulatory initiatives financial services U. S. other countries JPMorgan Chase. rules global national regulator requirements competitive disadvantages for services firms JPMorgan Chase regulations."
}
{
    "_id": "JPM20230174",
    "title": "",
    "text": "national multi bodies agencies outside U. S. adopted laws rules JPMorgan Chase creating conflict law risk non-compliance."
}
{
    "_id": "JPM20230185",
    "title": "",
    "text": "regulatory initiatives outside U. require JPMorgan Chase operations legal structure. include laws rules regulations regulatory expectations establishment locally-based companies subsidiaries capital liquidity processes separation banking products from markets activities orderly resolution financial institutions settling transactions exchanges depositing funds settlement systems limits reporting rules derivatives accountability regimes business control requirements compensation."
}
{
    "_id": "JPM20230194",
    "title": "",
    "text": "differences conflicts in financial services regulation JPMorgan Chase to assets restructure operations higher capital liquidity absorb costs operational compliance costs prices products business opportunities to regulatory fines penalties sanctions higher costs legal frameworks."
}
{
    "_id": "JPM20230195",
    "title": "",
    "text": "factors harm JPMorgan Chase’s against firms laws oversight businesses results profitability."
}
{
    "_id": "JPM20230196",
    "title": "",
    "text": "investigations JPMorgan Chase penalties compliance restrictions."
}
{
    "_id": "JPM20230197",
    "title": "",
    "text": "JPMorgan Chase subject to oversight authorities. paid fines provided relief incurred penalties experienced repercussions investigations. could similar resolutions actions future higher operational compliance costs devoting resources remediation restrictions."
}
{
    "_id": "JPM20230202",
    "title": "",
    "text": "resolving regulatory investigations regulators required JPMorgan Chase financial institutions admit wrongdoing. admissions lead to exposure •damage reputation •disqualification adverse effects."
}
{
    "_id": "JPM20230208",
    "title": "",
    "text": "government officials U. countries criminal actions against financial institutions plead guilty admit wrongdoing investigations. Resolutions collateral consequences financial institution of clients customers business •restrictions products permission."
}
{
    "_id": "JPM20230212",
    "title": "",
    "text": "JPMorgan Chase expects financial services firms regulatory scrutiny governmental investigations authorities require financial institutions violations formal enforcement monetary sanctions informal actions likely pursue formal enforcement actions against JPMorgan Chase."
}
{
    "_id": "JPM20230216",
    "title": "",
    "text": "JPMorgan Chase fails meet requirements governmental investigation risk control processes required •enter resolutions •pay penalties judgments •accept regulatory restrictions changes management businesses."
}
{
    "_id": "JPM20230217",
    "title": "",
    "text": "JPMorgan Chase subject to sanctions prosecution civil litigation conduct investigation. to higher costs requests additional capital resolution investigations enforcement actions newly-acquired businesses joint ventures vendors."
}
{
    "_id": "JPM20230218",
    "title": "",
    "text": "JPMorgan operations financial results less frameworks."
}
{
    "_id": "JPM20230225",
    "title": "",
    "text": "JPMorgan Chase conducts business in countries states municipalities territories jurisdictions rule law inconsistent absence statutory regulatory basis guidance business ambiguous laws inconsistent •uncertainty intellectual property rights contractual obligations competing government economy graft threat regulatory investigations litigations prosecutions contrary legal principles termination licenses suspension business relationships governmental bodies."
}
{
    "_id": "JPM20230226",
    "title": "",
    "text": "application laws rules regulations inconsistent outcomes difficult environment JPMorgan Chase affect operations reduce earnings. conducting business JPMorgan Chase resources understanding local laws rules structuring operations implementing internal policies procedures."
}
{
    "_id": "JPM20230227",
    "title": "",
    "text": "no assurance JPMorgan Chase understand conduct business laws rules jurisdictions risk non-compliance greater less predictable frameworks."
}
{
    "_id": "JPM20230228",
    "title": "",
    "text": "resolution JPMorgan Chase businesses increase funding costs curtail businesses."
}
{
    "_id": "JPM20230230",
    "title": "",
    "text": "JPMorgan Chase required Federal Reserve FDIC rules prepare submit plan for rapid resolution bankruptcy without government support financial distress failure. evaluation resolution plan requirements. legal entity structure activities increase funding operational costs hamper clients."
}
{
    "_id": "JPM20230231",
    "title": "",
    "text": "Federal Reserve FDIC resolution plan JPMorgan Chase impose capital leverage liquidity restrictions growth activities operations. require restructure divest assets operations strategy."
}
{
    "_id": "JPM20230232",
    "title": "",
    "text": "JPMorgan Chase. absorb losses resolution."
}
{
    "_id": "JPM20230235",
    "title": "",
    "text": "Federal Reserve rules require JPMorgan Chase. maintain unsecured debt loss-absorbing capacity recapitalizing subsidiaries bankruptcy Chapter 11. Bankruptcy Code receivership FDIC Dodd-Frank Act."
}
{
    "_id": "JPM20230236",
    "title": "",
    "text": "Parent Company resolution holders LTD debt equity securities absorb losses."
}
{
    "_id": "JPM20230237",
    "title": "",
    "text": "“single point strategy JPMorgan Chase’s Parent Company bankruptcy. subsidiaries recapitalized operations or divested. Parent Company’s losses imposed on equity securities unsecured creditors LTD debt securities. Claims junior position to creditors subsidiaries priority secured creditors Parent Company."
}
{
    "_id": "JPM20230238",
    "title": "",
    "text": "Parent Company bankruptcy holders LTD debt securities realize value shareholder JPMorgan Chase Bank. subsidiaries after priority creditors repaid."
}
{
    "_id": "JPM20230239",
    "title": "",
    "text": "FDIC indicated single point recapitalization model institution Parent Company Title II."
}
{
    "_id": "JPM20230240",
    "title": "",
    "text": "adopted single point."
}
{
    "_id": "JPM20230241",
    "title": "",
    "text": "Parent Company resolution Federal Reserve FDIC follow JPMorgan Chase’s resolution strategy losses holders LTD securities greater JPMorgan Chase’s strategy."
}
{
    "_id": "JPM20230243",
    "title": "",
    "text": "Economic JPMorgan Chase’s businesses."
}
{
    "_id": "JPM20230253",
    "title": "",
    "text": "Political developments U. countries uncertainty economic JPMorgan Chase businesses. governmental policy initiatives geopolitical tensions affect U. global economic growth volatility financial markets hostilities geopolitical instabilities policies Federal Reserve central banks large-scale purchases suspension reversal policies taxation spending health emergencies infectious diseases epidemics pandemics climate risk impact business foreign policies sanctions tariffs protectionist trade policies policies political social pressures."
}
{
    "_id": "JPM20230256",
    "title": "",
    "text": "political developments uncertainty investor confidence. economy financial markets undermine. dollar safe haven currency"
}
{
    "_id": "JPM20230264",
    "title": "",
    "text": "retaliatory countermeasures heighten tensions regulatory enforcement diplomatic relations concerns about U. S. government debt withdrawal government support. Federal National Mortgage Association. Federal Home Loan Mortgage Corporation. shutdowns. investor reliance on Federal Reserve influence perceptions government support affect financial credit ratings JPMorgan Chase refrain business."
}
{
    "_id": "JPM20230277",
    "title": "",
    "text": "factors lead to growth rising inflation recession market volatility contraction credit widening spreads risk premium assets consumer confidence investments-scale sales government debt securities. commercial activity currency redenomination departure dissolution political economic alliance treaty expropriation nationalization assets market dislocations unfavorable economic conditions."
}
{
    "_id": "JPM20230278",
    "title": "",
    "text": "potential outcomes JPMorgan Chase losses reduce liquidity capital credit losses higher charge-offs"
}
{
    "_id": "JPM20230279",
    "title": "",
    "text": "services weaken results financial credit rating."
}
{
    "_id": "JPM20230282",
    "title": "",
    "text": "JPMorgan Chase's business results may be affected by actions national state local authorities discourage institutions industries penalize •mandate business practices."
}
{
    "_id": "JPM20230286",
    "title": "",
    "text": "governmental policies in differ conflict JPMorgan Chase face negative consequences action •restrictions prohibitions business threat of enforcement actions antitrust •harm to reputation from public criticism."
}
{
    "_id": "JPM20230287",
    "title": "",
    "text": "JPMorgan Chase prohibited business activities jurisdictions governmental actions no assurance restrictions future."
}
{
    "_id": "JPM20230288",
    "title": "",
    "text": "JPMorgan Chase's relationships with clients customers governmental bodies in if decisions sensitive industries align political viewpoints. participation with environmental social groups by activists as discriminatory business behavior."
}
{
    "_id": "JPM20230290",
    "title": "",
    "text": "market JPMorgan businesses market-making positions."
}
{
    "_id": "JPM20230300",
    "title": "",
    "text": "JPMorgan consumer sentiment financial deflation recession unemployment labor market capital liquidity credit interest rates credit spreads prices currencies equities commodities economic effects hostilities terrorism cyber attacks climate change disasters health emergencies diseases epidemics pandemics events U. S. global economies."
}
{
    "_id": "JPM20230301",
    "title": "",
    "text": "affected political events regulatory restrictions."
}
{
    "_id": "JPM20230307",
    "title": "",
    "text": "JPMorgan Chase’s investment portfolio market-making businesses suffer losses due unanticipated market events declines values credit events inability hedge risks market risks development financial instrument."
}
{
    "_id": "JPM20230308",
    "title": "",
    "text": "JPMorgan Chase losses market reduce profitability liquidity capital constrain growth."
}
{
    "_id": "JPM20230309",
    "title": "",
    "text": "JPMorgan Chase’s policies."
}
{
    "_id": "JPM20230318",
    "title": "",
    "text": "JPMorgan Chase’s businesses affected by U. S. global economic conditions income distribution high interest rates value collateral housing prices inflation business confidence consumer spending debt."
}
{
    "_id": "JPM20230319",
    "title": "",
    "text": "unemployment reduced income affect credit debts. low growth interest rates inflationary recessionary conditions diminish demand JPMorgan Chase’s."
}
{
    "_id": "JPM20230320",
    "title": "",
    "text": "Adverse economic conditions delinquencies credit losses higher charge-offs reduce JPMorgan earnings. consequences worse geographies declining industrial activity higher unemployment high consumer debt obligations."
}
{
    "_id": "JPM20230324",
    "title": "",
    "text": "JPMorgan earnings consumer businesses affected policies medical insurance education employment housing financial services limitations late payment overdraft fees higher taxes increased regulation consumer disposable income."
}
{
    "_id": "JPM20230325",
    "title": "",
    "text": "JPMorgan wholesale businesses."
}
{
    "_id": "JPM20230328",
    "title": "",
    "text": "JPMorgan Chase’s wholesale businesses market economic factors affect volume transactions revenue. influence financial institutions investors capital markets transactions loan syndications securities underwriting. deterioration market conditions profitability Chase’s businesses capital markets activities loan leveraged less fee revenue lower transaction volumes"
}
{
    "_id": "JPM20230331",
    "title": "",
    "text": "credit commitments loss hold positions favorable prices."
}
{
    "_id": "JPM20230332",
    "title": "",
    "text": "fees JPMorgan Chase managing assets by declining asset values adverse macroeconomic conditions. higher interest rates downturn financial markets affect valuation assets revenue from fees. adverse macroeconomic market conditions could prompt outflows cause invest in lower revenue. withdrawals fund hamper investment performance disadvantageous times lead to withdrawals."
}
{
    "_id": "JPM20230333",
    "title": "",
    "text": "adverse change in market conditions downturn oil gas commodity prices declines commercial real estate values changes consumer behavior clients JPMorgan Chase on market clients related businesses. Chase incur credit losses on loans commitments to clients sector economy stress."
}
{
    "_id": "JPM20230334",
    "title": "",
    "text": "economic downturn changes consumer behavior JPMorgan Chase’s wholesale clients diminish earnings. businesses JPMorgan clients dependent on rental income from commercial real estate properties owned. adverse economic conditions hybrid work models rental cash flows depress values borrowers loans foreclosures. JPMorgan Chase credit losses delinquencies defaults charge-offs loan portfolio"
}
{
    "_id": "JPM20230335",
    "title": "",
    "text": "higher costs delinquent loans. foreclosures risk JPMorgan Chase inadequacy regulatory scrutiny reputational harm."
}
{
    "_id": "JPM20230336",
    "title": "",
    "text": "interest spreads JPMorgan earnings liquidity."
}
{
    "_id": "JPM20230344",
    "title": "",
    "text": "interest rates high JPMorgan Chase expected higher net interest income. higher interest rates lead originations commercial real estate loans •losses underwriting exposures downgrades credit losses charge-offs higher financing costs loss deposits incorrect assumptions behavior-sale securities net interest income banks interest rate increases liquidity funding costs."
}
{
    "_id": "JPM20230345",
    "title": "",
    "text": "outcomes affect JPMorgan earnings liquidity capital outcomes high interest rates. Higher interest rates affect payment performance loans linked variable interest rates. borrowers higher interest reduce stop payments losses costs delinquent."
}
{
    "_id": "JPM20230350",
    "title": "",
    "text": "low negative interest rate interest margins JPMorgan Chase higher-yielding instruments changes depositor behavior affect asset liability management strategy reduction value mortgage servicing rights decreasing revenues."
}
{
    "_id": "JPM20230351",
    "title": "",
    "text": "credit spreads widen expensive JPMorgan Chase borrow. spreads widen narrow economic geopolitical events. Changes spreads affect earnings liabilities derivatives recorded fair value."
}
{
    "_id": "JPM20230352",
    "title": "",
    "text": "JPMorgan results market financial instruments."
}
{
    "_id": "JPM20230353",
    "title": "",
    "text": "value of securities derivatives financial instruments JPMorgan Chase owns markets affected by market fluctuations. volatility illiquid conditions disruptions difficult to value instruments. valuations future changes value. disposition price JPMorgan Chase realizes on demand liquidity may lower than current fair value. factors decline value instruments results."
}
{
    "_id": "JPM20230354",
    "title": "",
    "text": "JPMorgan risk stress testing framework exposure extreme market moves. hedging risk strategies losses extreme market events."
}
{
    "_id": "JPM20230356",
    "title": "",
    "text": "JPMorgan Chase custodians CCPs."
}
{
    "_id": "JPM20230357",
    "title": "",
    "text": "JPMorgan Chase executes transactions corporations financial institutions managers hedge funds securities exchanges government entities outside. S. expose credit risk disputes. losses liability"
}
{
    "_id": "JPM20230358",
    "title": "",
    "text": "appointed custodial services client assets insolvent fraud laws access assets JPMorgan Chase governmental actions."
}
{
    "_id": "JPM20230359",
    "title": "",
    "text": "default failure CCP JPMorgan Chase contracts replace operational costs losses. exposed to losses if member CCP defaults losses. JPMorgan Chase subject non-default losses CCP including losses from custodial settlement investment activities cyber security breaches."
}
{
    "_id": "JPM20230360",
    "title": "",
    "text": "JPMorgan Chase exposed risk nonperformance collateral. exposed intra-day credit risk cash management clearing custodial transaction services. If client bankrupt insolvent may incur losses disputes litigation with CCPs bankruptcy estate creditors regulatory investigations. increase operational costs suffer losses collateral insufficient."
}
{
    "_id": "JPM20230361",
    "title": "",
    "text": "Transactions with government entities JPMorgan Chase to sovereign credit operational reputation risks. entities claim actions beyond authority repudiate transactions previous government. actions JPMorgan Chase losses business."
}
{
    "_id": "JPM20230362",
    "title": "",
    "text": "local laws limit JPMorgan resolve disputes counterparty default unwillingness payments losses."
}
{
    "_id": "JPM20230364",
    "title": "",
    "text": "Disputes counterparties contracts terms settlement procedures collateral. disposition JPMorgan Chase costs credit losses."
}
{
    "_id": "JPM20230366",
    "title": "",
    "text": "impair JPMorgan manage credit risk harm reputation."
}
{
    "_id": "JPM20230367",
    "title": "",
    "text": "financial failure of significant market participant major financial institution concerns about creditworthiness obligations cause disruption financial markets coordinated action. JPMorgan Chase’s businesses could losses liquidity issues defaulting JPMorgan interrelationships with credit exposure participant."
}
{
    "_id": "JPM20230368",
    "title": "",
    "text": "JPMorgan Chase collateral market."
}
{
    "_id": "JPM20230372",
    "title": "",
    "text": "market stress illiquidity JPMorgan Chase’s credit risk realize estimated value collateral liquidated recover owed •counterparties post collateral."
}
{
    "_id": "JPM20230373",
    "title": "",
    "text": "disputes valuation collateral increase market stress illiquidity JPMorgan Chase losses fair value manage declines."
}
{
    "_id": "JPM20230374",
    "title": "",
    "text": "JPMorgan Chase losses market."
}
{
    "_id": "JPM20230378",
    "title": "",
    "text": "JPMorgan Chase exposed to greater credit market risk groupings clients obligors similar businesses industries same region business profiles models strategies economic conditions."
}
{
    "_id": "JPM20230379",
    "title": "",
    "text": "deterioration credit counterparty concerns creditworthiness in similar industries. interrelationship JPMorgan Chase’s credit liquidity market risk losses"
}
{
    "_id": "JPM20230380",
    "title": "",
    "text": "value losses businesses portfolios. JPMorgan Chase increase credit losses establish reserves clients industries regulators."
}
{
    "_id": "JPM20230381",
    "title": "",
    "text": "challenging economic conditions industry concerns credit quality obligors industries. heighten concerns JPMorgan Chase’s meet obligations JPMorgan Chase. JPMorgan Chase monitors credit market risk exposures risks concentration contagion ability diversify hedge may limited."
}
{
    "_id": "JPM20230382",
    "title": "",
    "text": "JPMorgan Chase’s businesses harmed by excessive expansion credit competitors. Heightened competition for loans reductions pricing margins to less-creditworthy borrowers. consumers default loans higher charge-offs credit losses. defaults lead to recessionary. JPMorgan Chase’s businesses lower revenues."
}
{
    "_id": "JPM20230383",
    "title": "",
    "text": "JPMorgan Chase reduce positions market dislocation market credit risks risk-weighted-assets balance. affect capital position funding costs profitability."
}
{
    "_id": "JPM20230385",
    "title": "",
    "text": "JPMorgan operate liquidity constrained."
}
{
    "_id": "JPM20230390",
    "title": "",
    "text": "JPMorgan Chase’s liquidity-wide illiquidity liquidity capital requirements laws rules regulations •actions U. S. government Federal Reserve reduce balance sheet"
}
{
    "_id": "JPM20230396",
    "title": "",
    "text": "sell assets CCP market outflows cash collateral loss deposits lending commitments confidence JPMorgan Chase financial institutions."
}
{
    "_id": "JPM20230397",
    "title": "",
    "text": "reduction JPMorgan liquidity. market stress low confidence illiquidity higher funding costs limit access traditional sources liquidity."
}
{
    "_id": "JPM20230401",
    "title": "",
    "text": "JPMorgan Chase raise funding alternative if access stable reduced. Alternative expensive limited. funding costs affected by actions liquidity funding ratio obligations resolution plan regulatory requirements outside U. S. pre-positioning liquidity subsidiaries."
}
{
    "_id": "JPM20230402",
    "title": "",
    "text": "JPMorgan Chase manage liquidity constrain fund invest businesses affect results."
}
{
    "_id": "JPM20230403",
    "title": "",
    "text": "JPMorgan Chase. holding depends cash securities."
}
{
    "_id": "JPM20230404",
    "title": "",
    "text": "JPMorgan Chase. JPMorgan Chase Bank. JPMorgan Chase Holdings LLC. IHC holds JPMorgan subsidiaries. owns assets provides Parent Company."
}
{
    "_id": "JPM20230405",
    "title": "",
    "text": "Parent Company contribute proceeds securities senior debt preferred common stock."
}
{
    "_id": "JPM20230406",
    "title": "",
    "text": "JPMorgan Chase. IHC Parent Company"
}
{
    "_id": "JPM20230407",
    "title": "",
    "text": ". JPMorgan Chase Bank. subject restrictions dividend distributions capital liquidity Parent Company. prohibited dividends extending credit capital liquidity thresholds breached limits imposed management Board Directors."
}
{
    "_id": "JPM20230412",
    "title": "",
    "text": "arrangements Parent Company dividends JPMorgan Chase Bank. borrowings IHC. limitations affect interest debt dividends equity repurchase securities obligations."
}
{
    "_id": "JPM20230413",
    "title": "",
    "text": "arrangements Parent Company bankruptcy resolution capital liquidity thresholds JPMorgan Chase Bank N. A. IHC."
}
{
    "_id": "JPM20230414",
    "title": "",
    "text": "JPMorgan credit liquidity cost."
}
{
    "_id": "JPM20230422",
    "title": "",
    "text": "JPMorgan Chase & Co. subsidiaries rated credit agencies. evaluate factors future profitability management expenses developments government support geopolitical developments."
}
{
    "_id": "JPM20230424",
    "title": "",
    "text": "JPMorgan Chase monitors manages factors credit ratings. no assurance credit ratings. downgrade occur market instability options limited investor confidence low."
}
{
    "_id": "JPM20230430",
    "title": "",
    "text": "reduction JPMorgan credit ratings curtail business activities reduce profitability access capital markets cost issuing securities collateral funding requirements investors counterparties."
}
{
    "_id": "JPM20230431",
    "title": "",
    "text": "rating reduction credit spreads JPMorgan Chase Co. subsidiaries. debt obligations JPMorgan Chase."
}
{
    "_id": "JPM20230433",
    "title": "",
    "text": "level capital impact JPMorgan support requirements distribute capital."
}
{
    "_id": "JPM20230437",
    "title": "",
    "text": "JPMorgan Chase subject to regulatory capital requirements leverage- risk-based. Global Systemically Important Bank additional capital buffers GSIB surcharge Stress Capital Buffer countercyclical buffer reassessed annually. capital risk requirements could increase due to banking regulators laws rules balance sheet RWA market risk estimated stress losses Federal Reserve increase SCB."
}
{
    "_id": "JPM20230442",
    "title": "",
    "text": "failure JPMorgan Chase maintain required capital unfavorable changes capital requirements shareholders common stock •requiring issuance redemption capital instruments inconsistent with capital management strategy dividends •curtailing business activities."
}
{
    "_id": "JPM20230443",
    "title": "",
    "text": "regulators proposal amend Basel III capital framework revise capital requirements banks $100 billion including JPMorgan Chase. Uncertainty Chase impact decisions business activities capital distributions."
}
{
    "_id": "JPM20230445",
    "title": "",
    "text": "JPMorgan businesses internal systems."
}
{
    "_id": "JPM20230448",
    "title": "",
    "text": "JPMorgan Chase’s businesses rely on financial accounting transaction execution data processing operational systems process record monitor report transactions accurately quickly securely. design installation functioning depends on quality information inaccurate outdated incomplete data compromise maintain upgrade technological advancements security requirements manage changes security operational continuity adhere to legal regulatory requirements risk malicious activity."
}
{
    "_id": "JPM20230450",
    "title": "",
    "text": "JPMorgan Chase experienced failures disruptions degraded performance data processing quality network connectivity malfunctioning software systems third parties. incidents negative effects access account information transactions exfiltration personal data duplicative transactions extended delays"
}
{
    "_id": "JPM20230451",
    "title": "",
    "text": ". no assurance operational failures occur future."
}
{
    "_id": "JPM20230459",
    "title": "",
    "text": "JPMorgan Chase’s operational systems infrastructure hindered by factors clients customers counterparties systems infrastructure challenging speed volume complexity transactions increase •attempts third parties to defraud increasing complex during market disruption economic uncertainty increase •errors by Chase cause system disruption •failure detect weaknesses errors compound migrate larger issues •disruptions caused by failures synchronization encryption software degraded performance microprocessors third parties block technology solutions intellectual property rights."
}
{
    "_id": "JPM20230460",
    "title": "",
    "text": "JPMorgan Chase depends on access operational systems third parties including custodians vendors market participants external operational systems or operational risk to. exposed to systems failure cyber attack vendor market infrastructure systems breakdown cyber attack another party. retailers payment systems processors data aggregators external parties can increase operational risk. particularly where activities beyond security control systems internet"
}
{
    "_id": "JPM20230461",
    "title": "",
    "text": "cloud computing smart phones."
}
{
    "_id": "JPM20230462",
    "title": "",
    "text": "external party customer account data JPMorgan Chase’s systems misappropriates negative outcomes clients customers risk fraudulent transactions losses reputational harm perception systems."
}
{
    "_id": "JPM20230463",
    "title": "",
    "text": "JPMorgan interconnectivity with clients customers parties risk of operational failure cyber attacks. Security breaches systems breakdowns failures human error misconduct require systems safeguard confidential information access. increase operational costs diminish customer satisfaction confidence."
}
{
    "_id": "JPM20230464",
    "title": "",
    "text": "interconnectivity among financial institutions banks payments processors financial technology companies securities exchanges clearing houses infrastructures increases risk disruption cyber attack disruptions JPMorgan Chase’s. risks disruption third party services used market participants."
}
{
    "_id": "JPM20230469",
    "title": "",
    "text": "ineffectiveness failure disruption systems JPMorgan Chase malfunction incident unfavorable effects financial markets JPMorgan Chase clients customers disruptions services liquidity information execute transactions delays confirmation settlement access funds funds transfers capital markets trades transactions"
}
{
    "_id": "JPM20230477",
    "title": "",
    "text": "losses loss-sharing payment systems market infrastructures restitution clients customers operational costs replacing services system failure JPMorgan Chase collect data confidence Chase protect disruptions •dissatisfaction clients customers exposure regulatory fines penalties reputation."
}
{
    "_id": "JPM20230478",
    "title": "",
    "text": "JPMorgan Chase’s operational systems acquired businesses external parties meet bank regulatory standards fail shortcomings could affected."
}
{
    "_id": "JPM20230479",
    "title": "",
    "text": "cyber attack JPMorgan Chase harm."
}
{
    "_id": "JPM20230486",
    "title": "",
    "text": "JPMorgan Chase experiences cyber attacks systems software networks technology daily from hostile countries cyber-criminals “hacktivists”. others. attacks viruses malicious code “malware into systems. unauthorized access confidential information •manipulate data services unavailable •disrupt sabotage degrade service money •extort money “ransomware."
}
{
    "_id": "JPM20230490",
    "title": "",
    "text": "JPMorgan Chase experiences denial-of-service attacks higher volume cyber attacks geopolitical tensions high disruptions services third parties."
}
{
    "_id": "JPM20230491",
    "title": "",
    "text": "JPMorgan Chase experienced security breaches additional breaches future. breach consequences clients customers."
}
{
    "_id": "JPM20230496",
    "title": "",
    "text": "JPMorgan Chase provide absolute security against cyber attacks anticipate detect threats implement preventive measures techniques cyber attacks evolve sophisticated recognized until undetected attacks can originate from sources employees cyber-criminals hacktivists groups terrorist hostile third parties Chase control over cybersecurity clients customers counterparties service providers third party gain access to other networks systems."
}
{
    "_id": "JPM20230502",
    "title": "",
    "text": "risk security breach cyber attack increase •JPMorgan Chase’s expansion mobile banking internet-based internal use internet products cloud artificial intelligence machine learning social engineering inability maintain security information quantum computing protections acquisition integration new businesses."
}
{
    "_id": "JPM20230503",
    "title": "",
    "text": "third party misappropriate intercepting JPMorgan employees."
}
{
    "_id": "JPM20230512",
    "title": "",
    "text": "dynamic cyber threat landscape necessitates enhancement cybersecurity controls. Failure discover vulnerabilities prioritize enhancements JPMorgan Chase vulnerable to cyber attacks data breaches financial losses reputational damage regulatory penalties enhancements unauthorized access misuse secure software development practices identity access management •detecting addressing vulnerabilities internally externally-provided software services detection attacks third-party vendors open-source software secure development maintenance internal systems controls technology management inventory systems vulnerabilities •upgrading coverage capabilities systems controls from denial-of-service attacks outages malware ransomware •strengthening network security reduce risk data loss assessing mitigating insider threat activities misuse systems information •integrating acquired businesses complex remediation."
}
{
    "_id": "JPM20230524",
    "title": "",
    "text": "penetration JPMorgan Chase’s vendor market participant could cause negative consequences disruption operations clients losing access •misappropriation of confidential information damage systems inability recover restore data stolen manipulated destroyed prevent fraudulent transactions •demands ransom to malicious actor violations privacy laws •financial loss •loss confidence in cybersecurity business resiliency measures •dissatisfaction among clients exposure to litigation fines penalties sanctions •harm to reputation."
}
{
    "_id": "JPM20230525",
    "title": "",
    "text": "extent cyber attack methods tools steps JPMorgan Chase investigate clear time before investigation completed. investigation JPMorgan Chase not know full extent harm damage may spread. factors inhibit provide rapid full reliable information to clients customers counterparties regulators public. clear contain remediate harm errors repeated before. increase costs consequences attack."
}
{
    "_id": "JPM20230526",
    "title": "",
    "text": "JPMorgan Chase identify risks changes products services platforms new technologies."
}
{
    "_id": "JPM20230528",
    "title": "",
    "text": "JPMorgan Chase launches product platform mobile connectivity electronic trading cloud acquires invests"
}
{
    "_id": "JPM20230537",
    "title": "",
    "text": "delivery platform adopts new technology appreciate operational risks increased reliance providers fail implement controls risks. failure could JPMorgan Chase’s operate businesses liability compliance cost litigation costs reputation liquidity intervention •weaker competitive standing."
}
{
    "_id": "JPM20230538",
    "title": "",
    "text": "consequences affect JPMorgan businesses."
}
{
    "_id": "JPM20230539",
    "title": "",
    "text": "JPMorgan rely-staffed workforces competence trustworthiness health safety employees."
}
{
    "_id": "JPM20230546",
    "title": "",
    "text": "JPMorgan Chase’s operate businesses efficiently profitably offer products services expectations effective risk management on competence trustworthiness health safety employees. businesses rely on workforces third parties vendors custodians financial businesses. affected by ineffective business decisions failure to controls risks train •staffing shortages work illness quarantines shelter-in-place government actions restrictions health emergencies infectious diseases epidemics pandemics extraordinary events beyond hostilities operational breakdown theft fraud unlawful conduct negative outcomes human error misconduct."
}
{
    "_id": "JPM20230547",
    "title": "",
    "text": "JPMorgan Chase’s operations impaired if measures health safety employees ineffective or external party fails actions health."
}
{
    "_id": "JPM20230548",
    "title": "",
    "text": "JPMorgan Chase risks personal."
}
{
    "_id": "JPM20230549",
    "title": "",
    "text": "JPMorgan Chase’s businesses operations subject laws rules regulations U. privacy. Governmental authorities adopted initiatives privacy data protection security. Litigation enforcement"
}
{
    "_id": "JPM20230550",
    "title": "",
    "text": "orders JPMorgan Chase change data practices harm business operations."
}
{
    "_id": "JPM20230555",
    "title": "",
    "text": "Implementing processes JPMorgan Chase’s collection use sharing storage personal information laws rules regulations jurisdictions can •increase compliance operating costs new curtail existing affect oversight •require structure businesses operations systems."
}
{
    "_id": "JPM20230559",
    "title": "",
    "text": "Not JPMorgan Chase’s clients customers vendors counterparties controls confidentiality integrity information particularly electronic. to fines penalties sanctions if personal information mishandled provided •intercepted compromised by unauthorized third parties."
}
{
    "_id": "JPM20230560",
    "title": "",
    "text": "Concerns JPMorgan Chase’s measures personal information cause lose clients customers employees reduce revenues. failure comply with privacy data protection laws access personal information subject to inquiries examinations investigations modify cease operations liabilities fines penalties sanctions. damage reputation affect businesses."
}
{
    "_id": "JPM20230561",
    "title": "",
    "text": "incidents inappropriate collection sharing storage personal information led expanded governmental scrutiny U. countries. scrutiny resulted could stricter laws rules regulations storage. laws can prohibit restrict JPMorgan Chase transferring information borders sharing affiliates increase compliance costs operational risk restrict use products services. countries legislation data protection local storage processing increase cost complexity. restrictions could inhibit development marketing products increase costs."
}
{
    "_id": "JPM20230562",
    "title": "",
    "text": "JPMorgan operations harmed extraordinary events."
}
{
    "_id": "JPM20230573",
    "title": "",
    "text": "JPMorgan Chase’s business systems disrupted reputation harmed by beyond control attacks breaches threats health safety telecommunications internet outages shutdowns mass transit loss technology systems loss critical data property assets injuries construction projects climate change disasters severe weather failures emergencies infectious diseases epidemics pandemics unrest hostilities terrorist acts."
}
{
    "_id": "JPM20230574",
    "title": "",
    "text": "JPMorgan Chase maintains resiliency program prepare adapt withstand recover from business disruptions critical business functions assets staff technology service providers facilities disruption extraordinary event beyond control. no resiliency plans mitigate business risks clients customers third parties or multiple business disruption events. respond disruption could hampered workforce physical assets infrastructure geographically dispersed or. extraordinary events become chronic disruptive effects on business operations clients customers employees could significant long-lasting."
}
{
    "_id": "JPM20230579",
    "title": "",
    "text": "significant failure disruption JPMorgan Chase’s operations extraordinary events beyond control could provide services transact counterparties •require expend resources incur losses revenue damage property injuries"
}
{
    "_id": "JPM20230583",
    "title": "",
    "text": "infrastructure JPMorgan litigation fines penalties sanctions reputation."
}
{
    "_id": "JPM20230584",
    "title": "",
    "text": "extraordinary events impact financial JPMorgan Chase’s clients customers delinquencies credit losses higher charge-offs earnings."
}
{
    "_id": "JPM20230585",
    "title": "",
    "text": "JPMorgan acquisition First Republic Bank benefits."
}
{
    "_id": "JPM20230591",
    "title": "",
    "text": "May 1, 2023 JPMorgan Chase Bank. acquired assets assumed liabilities First Republic Bank FDIC. results differ purchase price cost integration time performance improved price JPMorgan common stock."
}
{
    "_id": "JPM20230592",
    "title": "",
    "text": "Integration acquired business complex costly involves accounting data systems management controls managing relationships employees clients suppliers partners. inconsistencies standards controls procedures policies JPMorgan relationships. loss employees First Republic business."
}
{
    "_id": "JPM20230593",
    "title": "",
    "text": "JPMorgan Chase incur unanticipated costs losses First Republic acquisition shared-loss agreements FDIC diminish coverage credit losses."
}
{
    "_id": "JPM20230594",
    "title": "",
    "text": "Enhanced standards vendors higher costs exposures."
}
{
    "_id": "JPM20230595",
    "title": "",
    "text": "JPMorgan Chase comply standards vendors providers"
}
{
    "_id": "JPM20230601",
    "title": "",
    "text": "outsourcing banking functions by subsidiaries. JPMorgan Chase incurs costs expenses oversight service providers. failure to assess manage relationships banking functions affect. failure harm to clients customers liability fines penalties sanctions revenues •increased operational costs reputation."
}
{
    "_id": "JPM20230602",
    "title": "",
    "text": "JPMorgan Chase’s risk management identifying risk."
}
{
    "_id": "JPM20230612",
    "title": "",
    "text": "inadequacy in JPMorgan Chase’s risk management governance practices models reporting systems control environment losses financial condition results. escalation risk to senior management Board decisions negative resources time non with laws regulatory scrutiny to investigations fines penalties sanctions harm customers reputation diminish confidence in."
}
{
    "_id": "JPM20230614",
    "title": "",
    "text": "JPMorgan Chase relies data risk. deficiencies accuracy ineffective risk management. inaccurate untimely risk reporting."
}
{
    "_id": "JPM20230615",
    "title": "",
    "text": "JPMorgan Chase’s risk management strategies consider historical market behavior based on subjective judgment assumptions. models historical correlations classes market indicators. market stress unforeseen uncorrelated indicators correlated. Sudden market unanticipated movements limit risk strategies losses."
}
{
    "_id": "JPM20230616",
    "title": "",
    "text": "JPMorgan Chase losses capital scrutiny models estimations judgments inadequate."
}
{
    "_id": "JPM20230617",
    "title": "",
    "text": "JPMorgan Chase developed uses models estimations controls market credit capital liquidity operational risks. uses internal models stress testing financial statements. principles."
}
{
    "_id": "JPM20230625",
    "title": "",
    "text": "models estimations based on assumptions historical trends reviewed modified. models JPMorgan Chase machine learning artificial quantum computing not effective risk •reliance on historical trends limitations forecasting uncertain economic financial outcomes trend information incomplete indicative negative market conditions illiquidity declines prices loans difficult value financial instruments •technology perform understood personnel contain erroneous data valuations formulas algorithms processes fail detect flaws."
}
{
    "_id": "JPM20230626",
    "title": "",
    "text": "JPMorgan Chase experience losses if models estimates judgments risk management financial statements inadequate incorrect. market prices available for financial instruments determinations models management estimates judgment. uncertainty if assets differ models unexpected losses."
}
{
    "_id": "JPM20230627",
    "title": "",
    "text": "JPMorgan Chase establishes allowance for credit losses requires judgments forecasts macroeconomic conditions clients repay loans. estimates judgments factors current forecasted environments different from historical models. increased uncertainty greater judgment adjustments model outputs."
}
{
    "_id": "JPM20230628",
    "title": "",
    "text": "models estimations by JPMorgan Chase risks approval regulators. reviews before for market credit operational risk under Basel III. If models approved to higher capital charges affect financial results limit businesses."
}
{
    "_id": "JPM20230629",
    "title": "",
    "text": "affect JPMorgan profitability reputation."
}
{
    "_id": "JPM20230630",
    "title": "",
    "text": "JPMorgan businesses laws rules. requiring enhancements financial statements regulatory reports."
}
{
    "_id": "JPM20230639",
    "title": "",
    "text": "no assurance JPMorgan Chase’s disclosure controls procedures effective weakness internal control financial reporting. lapses deficiencies inaccurate financial reporting affect business financial condition access capital markets resources fines penalties sanctions reputation diminish investor confidence."
}
{
    "_id": "JPM20230641",
    "title": "",
    "text": "JPMorgan management strategies anticipate changes standing results suffer."
}
{
    "_id": "JPM20230648",
    "title": "",
    "text": "JPMorgan Chase’s business strategies affect competitive standing operations. relate products services geographies clients businesses counterparties methods distribution channels third party service providers."
}
{
    "_id": "JPM20230649",
    "title": "",
    "text": "management incomplete fraudulent competitive industry trends regulatory market environments expectations clients customers investors stakeholders franchise growth JPMorgan suffer earnings decline."
}
{
    "_id": "JPM20230653",
    "title": "",
    "text": "JPMorgan Chase’s growth depend on business plans strategic priorities near longer. effectiveness develop resources control expenses return capital. by failure management to business plans strategies products services changing expectations •allocate capital long stability"
}
{
    "_id": "JPM20230660",
    "title": "",
    "text": "capital imprecise judgments assess monitor investments Chase strategies due diligence acquisitions integrate businesses address concerns clients customers investors climate ESG matters market conditions operational technology risk financial managerial resources businesses."
}
{
    "_id": "JPM20230661",
    "title": "",
    "text": "JPMorgan Chase incur costs excess properties material operations."
}
{
    "_id": "JPM20230662",
    "title": "",
    "text": "JPMorgan Chase financial services."
}
{
    "_id": "JPM20230668",
    "title": "",
    "text": "JPMorgan Chase competitive financial regulation technological advances public scrutiny economic conditions. expects competition. financial services. Competitors include banks institutions companies companies non-bank firms products services."
}
{
    "_id": "JPM20230669",
    "title": "",
    "text": "JPMorgan Chase competition affect future results. aggressive lending non-bank competitors loss market share banks economic downturn instability impact JPMorgan Chase."
}
{
    "_id": "JPM20230671",
    "title": "",
    "text": "competitors financial services. technological advances growth e-commerce"
}
{
    "_id": "JPM20230672",
    "title": "",
    "text": "institutions offer products banking. advances allowed financial institutions provide electronic internet-based financial solutions securities cryptocurrency trading extensions credit payments processing investment advice. financial institutions non-banking competitors face risk payments processing new technologies cryptocurrencies secure distributed ledgers intermediation. New technologies JPMorgan Chase spend more products attract match competitors. new technologies used customers breached third parties increase costs complying laws reduce income."
}
{
    "_id": "JPM20230673",
    "title": "",
    "text": "increased competition pricing JPMorgan Chase’s products services lose market share traditional banking products. competition based on quality products services transaction execution innovation reputation price. failure JPMorgan Chase’s meet expectations market conditions under-performance affect attract retain clients. impact reduce revenues. competition additional capital investments extend capital."
}
{
    "_id": "JPM20230674",
    "title": "",
    "text": "climate change affect JPMorgan Chase’s business clients."
}
{
    "_id": "JPM20230675",
    "title": "",
    "text": "JPMorgan Chase operates regions countries communities affected by climate change. change financial risk changes climate transitioning to low-carbon economy. physical transition risks financial"
}
{
    "_id": "JPM20230676",
    "title": "",
    "text": "creditworthiness clients exposure."
}
{
    "_id": "JPM20230681",
    "title": "",
    "text": "risks include increased acute weather events floods wildfires chronic shifts climate precipitation sea levels temperature. adverse impacts climate include asset values cost insurance JPMorgan Chase business migration unemployment."
}
{
    "_id": "JPM20230687",
    "title": "",
    "text": "Transition risks adjustment to low economy public policy technologies consumer preferences low goods. climate. adverse impacts include devaluation assets write-downs operational compliance costs climate policy energy costs emission consequences business models JPMorgan Chase’s reputation business practices public policy preferences stakeholders."
}
{
    "_id": "JPM20230688",
    "title": "",
    "text": "Climate risks inconsistencies climate policy financial regulations JPMorgan Chase. internal models estimations uncertainty limited historical information standardized greenhouse gas emissions data inaccurate disclosures reporting."
}
{
    "_id": "JPM20230691",
    "title": "",
    "text": "JPMorgan Chase market reputation litigation regulatory."
}
{
    "_id": "JPM20230693",
    "title": "",
    "text": "JPMorgan employees interact clients customers market. demonstrate values behaviors Code of Conduct Business Principles first class business. risk management life cycle recruiting onboarding training development performance management. promotion compensation processes."
}
{
    "_id": "JPM20230694",
    "title": "",
    "text": "expectations policies employees improper conduct. misconduct resulted litigation resolutions investigations consent orders deferred non-prosecution agreements sanctions. no assurance further inappropriate actions resolutions detected deterred prevented."
}
{
    "_id": "JPM20230705",
    "title": "",
    "text": "JPMorgan Chase’s reputation collateral consequences from failure employees expectations policies practices clients customers market participants employees. examples include •improperly selling marketing products services insider trading market manipulation unauthorized trading improper behavior government relief programs •facilitating transaction tax accounting financial disclosure treatment treatment unclear •failing fulfill fiduciary obligations duties •violating antitrust anti-competition laws colluding electronic communications discriminatory behavior harassment contrary workplace risks compensation •misappropriating property information technology assets clients."
}
{
    "_id": "JPM20230713",
    "title": "",
    "text": "consequences failure employees JPMorgan Chase’s expectations policies practices include investigations enforcement actions. result in judgments settlements fines penalties sanctions losses operational compliance costs scrutiny restructure activities oversight clients customers reputation."
}
{
    "_id": "JPM20230714",
    "title": "",
    "text": "risks newly-acquired businesses JPMorgan Chase integrate employees Chase expectations policies practices."
}
{
    "_id": "JPM20230716",
    "title": "",
    "text": "JPMorgan businesses."
}
{
    "_id": "JPM20230729",
    "title": "",
    "text": "trust in JPMorgan Chase critical to clients customers investors employees. Damage to reputation business from •employee misconduct discriminatory behavior harassment contrary to breaches cyber attacks safeguard information manage risks transactions business activities commitments ESG initiatives-compliance with laws rules •operational failures •litigation fines penalties sanctions during health emergency infectious disease epidemic pandemic investigations enforcement actions resolutions to comply with laws rules regulations JPMorgan Chase clients customers counterparties newly businesses joint ventures vendors."
}
{
    "_id": "JPM20230730",
    "title": "",
    "text": "JPMorgan Chase’s reputation damaged by adverse publicity negative information published social media non-mainstream news services internet disseminated disinformation campaigns. risk speed information."
}
{
    "_id": "JPM20230733",
    "title": "",
    "text": "environmental activists JPMorgan Chase financial services firms business practices relationships clients sensitive industries products health activities environment workers’ rights communities."
}
{
    "_id": "JPM20230734",
    "title": "",
    "text": "Activists JPMorgan business practices ESG protests headquarters properties ESG proposals vote shareholders."
}
{
    "_id": "JPM20230735",
    "title": "",
    "text": "JPMorgan Chase other companies criticized by activists politicians public public policy. criticisms during election years attention on JPMorgan Chase debate policy."
}
{
    "_id": "JPM20230741",
    "title": "",
    "text": "criticism actions at JPMorgan Chase engender dissatisfaction among clients customers investors employees government officials stakeholders. Chase’s reputation business results harmed by scrutiny criticism public •unfavorable coverage media clients customers ceasing business with attract expand relationships hire retain employees investors from."
}
{
    "_id": "JPM20230744",
    "title": "",
    "text": "financial services industry affect JPMorgan Chase’s reputation. reputation damaged concerns treated unfairly financial institution acted inappropriately."
}
{
    "_id": "JPM20230745",
    "title": "",
    "text": "JPMorgan Chase behaviors reputation clients customers stakeholders."
}
{
    "_id": "JPM20230746",
    "title": "",
    "text": "manage conflicts satisfy fiduciary obligations JPMorgan reputation."
}
{
    "_id": "JPM20230751",
    "title": "",
    "text": "JPMorgan Chase’s conflicts of interest complex business activities transactions obligations interests with clients customers. subject to litigation enforcement regulatory scrutiny reputation address disclose conflicts of interest multiple products services same transaction •identify address conflict interest third party •deliver standards of service quality"
}
{
    "_id": "JPM20230756",
    "title": "",
    "text": "clients fairly care data responsibly legal requirements regulatory expectations fiduciary products standards confidential information data protection privacy laws rules regulations."
}
{
    "_id": "JPM20230757",
    "title": "",
    "text": "address conflicts fiduciary obligations customer dissatisfaction fines penalties regulatory scrutiny lost revenue costs JPMorgan reputation."
}
{
    "_id": "JPM20230759",
    "title": "",
    "text": "outbreak hostilities countries effect global economy JPMorgan Chase’s businesses."
}
{
    "_id": "JPM20230767",
    "title": "",
    "text": "Aggressive actions hostile governments armed conflict cyber attacks war catastrophic consequences nuclear weapons. hostilities economic disruption volatility financial markets declines asset values sell-offs increases energy commodity markets safe haven currencies depreciation currencies defaults trade consumer business confidence."
}
{
    "_id": "JPM20230768",
    "title": "",
    "text": "consequences JPMorgan Chase’s operations earnings countries affected globally. if U. S. involved in conflict could operations JPMorgan Chase in affected countries nation aligned against. could experience cyber attacks"
}
{
    "_id": "JPM20230769",
    "title": "",
    "text": "adversaries conflict."
}
{
    "_id": "JPM20230770",
    "title": "",
    "text": "JPMorgan Chase’s economic political regulatory."
}
{
    "_id": "JPM20230776",
    "title": "",
    "text": "countries JPMorgan Chase conducts business less developed volatile regulatory regimes less established. local economy business activities government influence. experienced economic disruptions currency fluctuations inflation growth •defaults sovereign debt fraud misrepresentation value."
}
{
    "_id": "JPM20230780",
    "title": "",
    "text": "governments restrictive policies business capital exchange controls punitive transfer convertibility restrictions forced currency exchange nationalization confiscation laws rules regulations."
}
{
    "_id": "JPM20230781",
    "title": "",
    "text": "impact actions markets smaller less liquid volatile. government actions affect JPMorgan Chase’s operations activities local multi-national clients."
}
{
    "_id": "JPM20230790",
    "title": "",
    "text": "emerging markets developed susceptible developments poor economic governmental actions demonstrations unrest safety issues hostilities geopolitical instabilities attacks internal discord."
}
{
    "_id": "JPM20230791",
    "title": "",
    "text": "economic political regulatory social developments JPMorgan Chase’s operations revenues growth profitability. events affect JPMorgan Chase’s operations investments including U. S."
}
{
    "_id": "JPM20230793",
    "title": "",
    "text": "JPMorgan attract employees critical."
}
{
    "_id": "JPM20230796",
    "title": "",
    "text": "JPMorgan Chase’s employees important financial services competition for intense. attract talented employees retain develop motivate existing employees. efforts hire by need more-skilled workers technology •targeted recruitment competitors."
}
{
    "_id": "JPM20230797",
    "title": "",
    "text": "JPMorgan Chase attract employees successors Chief Officer Operating Committee senior leaders performance position."
}
{
    "_id": "JPM20230798",
    "title": "",
    "text": "JPMorgan hybrid work models employee performance control environment business operations. discontinuing hybrid harm retain employees."
}
{
    "_id": "JPM20230799",
    "title": "",
    "text": "immigration travel affect JPMorgan."
}
{
    "_id": "JPM20230800",
    "title": "",
    "text": "JPMorgan Chase relies on skills knowledge expertise employees. Changes in travel policies U. countries employees work travel jurisdictions could inhibit attract retain employees dilute quality workforce prompt structural changes operations less efficient costly."
}
{
    "_id": "JPM20230802",
    "title": "",
    "text": "JPMorgan Chase risks litigation."
}
{
    "_id": "JPM20230803",
    "title": "",
    "text": "JPMorgan Chase defendant involved legal proceedings class actions derivative actions litigation criminal proceedings. Actions pending against judgments settlements fines penalties sanctions adverse. affect business financial condition reputational harm. likely high regulatory investigations."
}
{
    "_id": "JPM20230804",
    "title": "",
    "text": "Regulators agencies conduct JPMorgan Chase subsidiaries businesses operations heightened oversight. lead additional investigations actions. no assurance resolutions enforcement against JPMorgan Chase. single event potential violation law overlapping investigations federal agencies U. S. non-U. S. jurisdictions."
}
{
    "_id": "JPM20230805",
    "title": "",
    "text": "financial institution violates law business activity investigation regulators governmental agencies JPMorgan Chase."
}
{
    "_id": "JPM20230807",
    "title": "",
    "text": "initiatives. non. authorities subject JPMorgan Chase to judgments settlements fines penalties sanctions restructure operations cease products. outcomes harm reputation higher costs profitability collateral consequences. exposure legal regulatory matters exceed reserves."
}
{
    "_id": "JPM20230810",
    "title": "",
    "text": "."
}
{
    "_id": "JPM20230812",
    "title": "",
    "text": "Operational Risk Management pages cybersecurity."
}
{
    "_id": "JPM20230814",
    "title": "",
    "text": "JPMorgan headquarters 383 Madison Avenue 47-story. demolition 270 Park Avenue 2021 new continues."
}
{
    "_id": "JPM20230842",
    "title": "",
    "text": "Firm owned leased facilities December 31, 2023. footage New York City Madison Avenue. locations. locations Columbus/Westerville Ohio. Chicago Illinois. Dallas/Plano/Fort Texas. Wilmington/Newark Delaware. Houston Texas. Jersey City New Jersey. Phoenix/Tempe Arizona. locations. Europe Middle East Africa 25 Bank Street London. locations. Asia-Pacific Latin America Canada India. Philippines."
}
{
    "_id": "JPM20230843",
    "title": "",
    "text": "2023 4,897 branches 48 states Washington."
}
{
    "_id": "JPM20230844",
    "title": "",
    "text": "premises facilities JPMorgan Chase used business segments corporate purposes. space requirements determine properties facilities"
}
{
    "_id": "JPM20230845",
    "title": "",
    "text": "necessary operations. no assurance Firm dispose excess properties incur costs. costs material results. Consolidated Results Operations pages 54–57 occupancy expense."
}
{
    "_id": "JPM20230847",
    "title": "",
    "text": "Note 30 proceedings."
}
{
    "_id": "JPM20230850",
    "title": "",
    "text": "."
}
{
    "_id": "JPM20230851",
    "title": "",
    "text": "Equity Stockholder Purchases Securities"
}
{
    "_id": "JPM20230853",
    "title": "",
    "text": "JPMorgan stock New York Stock Exchange.-year stock performance page 47 S&P 500 KBW Bank Index S&P Financials Index 2023."
}
{
    "_id": "JPM20230854",
    "title": "",
    "text": "Capital 99 dividend. 21 26 restrictions dividend. January 31, 2024 204,357 holders JPMorgan Chase stock. Part III 12 39 securities incentive plans."
}
{
    "_id": "JPM20230856",
    "title": "",
    "text": "Capital actions Risk Management page 99 common share program."
}
{
    "_id": "JPM20230857",
    "title": "",
    "text": "May 1 2022 Firm purchase $30 billion share repurchase April."
}
{
    "_id": "JPM20230867",
    "title": "",
    "text": "Shares repurchased 2023. December 31, 2023 price share price value repurchase First quarter,995,253.,940 Second quarter,711,299.,293,400 Third quarter,608,838. October.,242 November,173,068.,474 December,383.,735 Fourth quarter,233,869.,735 Full year,549,259.,735"
}
{
    "_id": "JPM20230868",
    "title": "",
    "text": "commissions. Inflation Reduction Act 1% excise tax 2023."
}
{
    "_id": "JPM20230869",
    "title": "",
    "text": "$30 billion."
}
{
    "_id": "JPM20230871",
    "title": "",
    "text": "Discussion Financial Operations"
}
{
    "_id": "JPM20230872",
    "title": "",
    "text": "discussion analysis financial results pages 48–161. Consolidated Financial Statements Notes pages 166–309."
}
{
    "_id": "JPM20230875",
    "title": "",
    "text": "Market Risk Management pages 135–143 quantitative disclosures."
}
{
    "_id": "JPM20230878",
    "title": "",
    "text": "Consolidated Financial Statements Notes report February 16 PricewaterhouseCoopers pages 163–309."
}
{
    "_id": "JPM20230879",
    "title": "",
    "text": "Terms pages 315-321."
}
{
    "_id": "JPM20230880",
    "title": "",
    "text": "Disagreements Financial Disclosure"
}
{
    "_id": "JPM20230881",
    "title": "",
    "text": "."
}
{
    "_id": "JPM20230883",
    "title": "",
    "text": "internal control framework Sponsoring Organizations Treadway Commission designing implementing assessing effectiveness. Firm used framework financial reporting December 31, 2023. report control page 162."
}
{
    "_id": "JPM20230884",
    "title": "",
    "text": "end period evaluation Firm’s management Chairman Chief Financial Officer disclosure controls procedures Rule 13a-15(e) Securities Exchange Act 1934. Chairman Financial Officer concluded controls effective. Exhibits 31. 1 31. 2 Certifications Chairman."
}
{
    "_id": "JPM20230885",
    "title": "",
    "text": "Firm committed maintaining standards internal control financial reporting. limitations prevent all misstatements. Deficiencies occur no assurance weaknesses consequences. Refer “Management’s report internal control page 162 information."
}
{
    "_id": "JPM20230886",
    "title": "",
    "text": "May 1, 2023 Firm assumed liabilities First Republic Bank FDIC. controls"
}
{
    "_id": "JPM20230888",
    "title": "",
    "text": "disclosure controls procedures. no change control financial reporting Rule 13a-15 Securities Exchange Act 1934 months December 31, 2023."
}
{
    "_id": "JPM20230895",
    "title": "",
    "text": "table Rule 10b5-1 arrangements Item 408 Securities Exchange Act 1934 adopted fourth quarter 2023 officer Section 16 Securities Exchange Act 1934. Rule 10b5-1(c). directors officers participate stock purchase 401(k) dividend reinvestment Rule 10b5-1. No non-Rule 10b5-1 arrangements adopted 2023. no arrangements terminated. Name date shares sold Lori Beer Information Officer 13, 2023 May 2024 James Dimon CEO 26, August 2024 Stacey Friedman Counsel 7"
}
{
    "_id": "JPM20230896",
    "title": "",
    "text": "trusts. Dimon indirect interest."
}
{
    "_id": "JPM20230897",
    "title": "",
    "text": "trading arrangement commence cooling off period Rule 10b5-1. duration cease earlier final date shares sold."
}
{
    "_id": "JPM20230899",
    "title": "",
    "text": "219 Iran Syria Rights 2012, 13"
}
{
    "_id": "JPM20230900",
    "title": "",
    "text": "Securities Exchange Act 1934 issuer disclose annual reports affiliates engaged activities transactions dealings Iran Executive Orders. Disclosure required compliance law. Firm aware other activity transaction affiliates quarter December 31, 2023 disclosure Section 219."
}
{
    "_id": "JPM20230901",
    "title": "",
    "text": "client fund invested USD 1,400 non-US September 2023 Office Foreign Assets Control Specially Designated National 31 C. F. R Part 544. redeemed October 2023 1,400. transaction fee management fee less than USD 0. 01."
}
{
    "_id": "JPM20230904",
    "title": "",
    "text": "."
}
{
    "_id": "JPM20230921",
    "title": "",
    "text": "December 2023 James Dimon 2006 Chief Executive Officer 2005. Ashley Bacon Risk Officer 2013. Jeremy Barnum Financial Officer 2021 Head Global Research Corporate Bank. Lori. Beer Information Officer 2017. Mary Callahan Erdoes Asset Wealth Management 2009. Stacey Friedman Counsel 2016. Marianne Lake Consumer Community Banking. Robin Leopold Human Resources 2018. Douglas. Petno Commercial Banking 2012. Jennifer. Piepszak-Chief Banking. Daniel. Pinto Operating Officer January 2022 Corporate Investment Bank March 2014, Co-President 2018. Peter L. Scher Chairman March 2021. Chairman Mid-Atlantic Region Head Corporate 2021."
}
{
    "_id": "JPM20230922",
    "title": "",
    "text": "five fiscal years 2023 JPMorgan officers senior-level positions. no family relationships. Items 10 11 12 13 14 2023 Form 10-K Proxy Statement 2024 Annual Meeting May filed SEC 120 days fiscal year 2023."
}
{
    "_id": "JPM20230924",
    "title": "",
    "text": "January 25 2024 Firm executives. Piepszak Troy Rohrbaugh Co-Chief Commercial Investment Bank. Pinto President longer Chief Bank. Lake Chief Consumer Community Banking. Recent events page 52."
}
{
    "_id": "JPM20230926",
    "title": "",
    "text": "Item."
}
{
    "_id": "JPM20230927",
    "title": "",
    "text": "Ownership Stockholder Matters"
}
{
    "_id": "JPM20230928",
    "title": "",
    "text": "Item 10 security beneficial."
}
{
    "_id": "JPM20230933",
    "title": "",
    "text": "table shares JPMorgan employee incentive plans non-employee directors. Firm authorized grant incentive awards non-employees. December 31, 2023 shares issued options exercise price future Plan category Employee incentive plans approved,250,000.,807,804 Total."
}
{
    "_id": "JPM20230934",
    "title": "",
    "text": "restricted performance Long-Term Incentive Plan May 18 2021. Note 9."
}
{
    "_id": "JPM20230935",
    "title": "",
    "text": "shares future issuance."
}
{
    "_id": "JPM20230936",
    "title": "",
    "text": "shares future-approved LTIP. Note 9."
}
{
    "_id": "JPM20230938",
    "title": "",
    "text": "Item."
}
{
    "_id": "JPM20230941",
    "title": "",
    "text": "Item."
}
{
    "_id": "JPM20230983",
    "title": "",
    "text": "statements Consolidated Financial Statements Notes report Independent Accounting Firm Item 8 page 156. statement schedules. Certificate Incorporation JPMorgan Chase. April 5 2006 Exhibit 3. Current Report Form 8-K. Certificate. June 7 2013 Appendix F Proxy Statement Schedule 14A. April Designations Fixed-to-Floating Rate Non-Cumulative Preferred Stock Series Q Exhibit. Form 8-K. April Designations Fixed-to-Floating Rate Non Preferred Stock Series R Exhibit. Report Form 8-K. July 29,. Designations Fixed Stock Series Exhibit 3. Form January 22,. Designations Fixed-to-Floating Rate Non-Cumulative Preferred Stock Series U Exhibit. Form 8-K JPMorgan.. 1-5805) March 10. Designations Fixed-to-Floating Rate Non-Cumulative Stock Series X Exhibit 3. Form 8-K JPMorgan Chase. September 23,. Designations Fixed-to-Floating Rate Stock Series CC Exhibit 3. October 20. Designations 75% Non-Cumulative Preferred Stock Series Exhibit 3. September 21, 2018). Designations% Non-Cumulative Preferred Stock Series EE Exhibit. January 24 2019. Designations Fixed-to-Floating Rate Stock Series FF Exhibit. July 31, 2019. Designations. 75% Non-Cumulative Preferred Stock Series GG Exhibit. 8-K November 7 2019. Designations Fixed-to-Floating Rate Non-Cumulative Preferred Stock Series Exhibit.Current Report Form 8-K JPMorgan Chase. 1-5805) January 23, 2020. 14 Designations Fixed-Floating Rate Non-Cumulative Preferred Stock Series II Exhibit. February 24 2020. Designations. 55% Non-Cumulative Preferred Stock Series Exhibit 3. March 17, 2021. Designations 65% Fixed-Rate Reset Non Preferred Stock Series KK Exhibit. May 12 2021. Designations. 625% Non-Cumulative Preferred Stock Series LL Exhibit. May 20 2021. Designations. 20% Non-Cumulative Preferred Stock Series MM Exhibit 3. July 29, 2021.-laws JPMorgan Chase. January 17, 2023 Exhibit 3. 2 October 21, 2010, JPMorgan Chase.Deutsche Bank Trust Company Americas Trustee Exhibit 4. Form 8-K JPMorgan Chase. October 21,. Supplemental Indenture January 13, 2017 JPMorgan Chase. Deutsche Bank Trust Exhibit 4. Form 8-K. January Indenture March 14 2014, JPMorgan Chase. Bank Trust National Association Exhibit 4. Supplemental Indenture 13, JPMorgan Chase. Bank Trust National Association Trustee Exhibit 4. 8-K. May 25, 2001, JPMorgan Chase. Bankers Trust Company Deutsche Bank Trust Trustee Exhibit 4(a)(1) Registration Statement Form S-3 JPMorgan. June 13, 2001. Supplemental Indenture January 13, 2017 JPMorgan Chase.Bankers Trust Company Deutsche Bank Trust Trustee May 25 2001 Exhibit 4. Form 8-K JPMorgan Chase. January 13,. February 19, 2016, JPMorgan Chase Financial Company JPMorgan Chase. Deutsche Bank Trustee Exhibit 4 JPMorgan Chase. February 24 2016). Deposit Agreement Exhibit 4. 333-191692) October 11 2013). Securities JPMorgan Chase. Securities Exchange Act 1934. securities JPMorgan. Regulation. SEC. Compensation Plan Non-Employee Directors JPMorgan Chase. July 2001 December 31, 2004 Exhibit 10. Annual Report Form 10-K. December 31, 2007. Deferred Compensation Plan Non-Employee Directors JPMorgan.January 1 2005 Exhibit 10. Annual Report Form 10-K JPMorgan Chase. December 31, 2007. Deferred Compensation Program JPMorgan Chase. December 31, 2008 Exhibit 10. Annual Report Form December 31,. Long-Term Incentive Plan May 18 2021 Appendix Schedule 14A. April 7 2021. Executive Performance Plan. January 1 2014 Appendix G Schedule 14A. April 10."
}
{
    "_id": "JPM20231016",
    "title": "",
    "text": ". Retirement Plan JPMorgan Chase. December 31, 2008, Exhibit 10. 7 Annual Report Form 10-K. December 31,. Retirement Plan JPMorgan Chase. December 31, 2008 Exhibit 10. 9. One Corporation Supplemental Savings Investment Plan amended December 31, 2008 Exhibit 10. 13 Annual Report. December JPMorgan Chase. Long-Term Incentive Plan Conditions performance share units restricted stock units Committee members. January 17, 2017 Exhibit 10. 23. December 31,. JPMorgan Chase. Long-Term Incentive Plan Conditions share units stock. January 16, 2018 Exhibit 10. 19. year December 31,. JPMorgan Chase. Long-Term Incentive Plan Terms Conditions stock units Committee members.. January 15 2019 Exhibit. 18 Annual Report Form 10-K JPMorgan Chase. year December 31,. JPMorgan Chase. Incentive Plan Performance Share Unit Award Committee. Exhibit. 8-K March 15 2019. Incentive Plan Conditions stock units performance share awards Committee members. January 21, 2020 Exhibit. December 31, 2019. 14 Incentive Plan stock units share awards Committee. January 19, 2021 Exhibit. 17. year December 31, 2020. JPMorgan Chase. Incentive Plan Terms Conditions stock appreciation rights Chairman Executive Officer July 20 2021 Exhibit 99 Report Form 8-K. July 20 2021. 16 JPMorgan Chase.Incentive Plan stock rights President Chief Operating Officer December 14 2021 Exhibit 99 Report Form 8-K JPMorgan Chase. December 15 2021. Plan stock units performance share awards Operating Committee members. January 18 2022 Exhibit. Annual Report Form 10-K. year December 31, 2021. awards Committee members. January 17, 2023. stock units performance share awards Operating Committee members. January 16 2024. Stock Purchase Plan JPMorgan Chase. January 1 2019 Exhibit. Quarterly Report Form 10-Q. quarter September 30 2019. Performance-Based Incentive Compensation Plan January 1 2021 Exhibit. 23 Annual Report Form 10-K. December 31, 2021.subsidiaries JPMorgan Chase. Report Form 11-K JPMorgan Chase 401(k) Savings Plan December 2023 Rule 15d-21 Securities Exchange Act 1934. Guarantors Issuers Guaranteed Securities. accounting firm. Section 906 Sarbanes-Oxley Act 2002. Recovery Erroneously Awarded Incentive Compensation. document XBRL tags Inline XBRL document. Taxonomy Extension Schema. Calculation. Presentation. Page Interactive Data File XBRL Exhibit 101."
}
{
    "_id": "JPM20231017",
    "title": "",
    "text": "management contract compensatory."
}
{
    "_id": "JPM20231018",
    "title": "",
    "text": "Filed."
}
{
    "_id": "JPM20231019",
    "title": "",
    "text": ". exhibit not Section 18 Securities Exchange Act 1934 liability. incorporated filing Securities Act 1933 1934."
}
{
    "_id": "JPM20231021",
    "title": "",
    "text": "Rule 405 Regulation S-T includes financial information Firm’s Form 10-K year ended December 31, 2023 XBRL Language) interactive data files Consolidated statements income 2023 2022 2021 comprehensive income balance sheets December 2023 2022 changes stockholders’ equity cash flows Notes Financial Statements."
}
{
    "_id": "JPM20231046",
    "title": "",
    "text": "46-Year 47-Year Stock Performance discussion analysis Overview 54 Results 58 Balance Sheets Cash Flows 62 Non-GAAP Financial Measures Results Investment 135 144 155 Accounting Estimates 159 Reporting Developments 161-Looking Statements"
}
{
    "_id": "JPM20231099",
    "title": "",
    "text": "year ended December 31, millions share ratio employee data income net revenue,695,649 noninterest expense,172,343 Pre profit,932,306 Provision credit losses,320 Income before tax,060,228 Net income,676,334 Earnings per share income. Average shares. Market common share data capitalization,320,206 Common shares period-end. Book value per share. Tangible book value per share. Cash dividends declared per share.. Selected ratios metrics Return common equity Return tangible common equity Return assets. Overhead ratio Loans-to-deposits ratio Firm Liquidity coverage ratio JPMorgan Chase Bank. Common equity Tier 1 capital ratio. Total capital ratio. Tier 1 leverage ratio. Supplementary leverage ratio.balance sheet data Trading assets,799 Investment securities credit losses,552,232 Loans,323,706,135,077,714 Total assets,875,393 Deposits,400,688,303 Long debt stockholders’ equity,474,289 equity,127 Employees Credit quality metrics credit losses,204,689 loans. Nonperforming assets,247 Net charge-offs,209 charge-off rate."
}
{
    "_id": "JPM20231100",
    "title": "",
    "text": "December 2023 results First Republic. Business Segment Results 67 Note 34."
}
{
    "_id": "JPM20231101",
    "title": "",
    "text": "-provision profit TBVPS ROTCE non-GAAP. Tangible common equity non-GAAP. Non-GAAP Measures pages."
}
{
    "_id": "JPM20231102",
    "title": "",
    "text": "years 2023 2022 2021 percentage ratios three months."
}
{
    "_id": "JPM20231103",
    "title": "",
    "text": "ratios reflect Credit Losses. Note 27."
}
{
    "_id": "JPM20231104",
    "title": "",
    "text": "ratios Basel III. Capital Risk Management 91."
}
{
    "_id": "JPM20231105",
    "title": "",
    "text": "Headcount Employees unchanged. Part I Business 2-3 Form 10-K Human Capital."
}
{
    "_id": "JPM20231106",
    "title": "",
    "text": "4,500 Republic July 2023."
}
{
    "_id": "JPM20231109",
    "title": "",
    "text": "table compare five-year return JPMorgan Chase & Co. stock S&P 500 Index KBW Bank Index S&P Financials Index. S&P 500 Index equity benchmark. KBW Bank Index banks traded. S&P Financials Index financial companies components S&P 500. Firm three industry indices."
}
{
    "_id": "JPM20231115",
    "title": "",
    "text": "table investments $100 December 31, 2018 JPMorgan Chase stock indices. comparison dividends reinvested. December 31, dollars JPMorgan Chase. KBW Bank Index. S&P Financials Index. S&P 500 Index. 65 29"
}
{
    "_id": "JPM20231120",
    "title": "",
    "text": "analysis financial condition results operations JPMorgan Chase December 31, 2023. JPMorgan Chase’s Annual Report Form 10-K Securities Exchange Commission. Glossary terms acronyms pages 315-321 definitions Annual Report 2023 Form 10-K."
}
{
    "_id": "JPM20231121",
    "title": "",
    "text": "Form 10-K statements Private Securities Litigation Reform Act 1995. based beliefs expectations JPMorgan management subject risks uncertainties. Forward Statements page 161 Part 1 Item 1A Risk factors Form 10-K pages 9-33 JPMorgan results. no assurance results Firm update statements."
}
{
    "_id": "JPM20231123",
    "title": "",
    "text": "JPMorgan Chase. Delaware 1968 leading financial. operations worldwide. $3. 9 trillion assets $327. 9 billion equity December 2023. leader investment banking financial services commercial banking processing management. Morgan Chase brands serves millions. clients"
}
{
    "_id": "JPM20231124",
    "title": "",
    "text": "JPMorgan subsidiary. national banking association. branches 48 states Washington. non-bank subsidiary J. P Morgan Securities LLC. U S broker-dealer. bank non subsidiaries operate nationally overseas branches subsidiaries foreign banks. subsidiaries outside. Morgan Securities. United Kingdom. Germany."
}
{
    "_id": "JPM20231125",
    "title": "",
    "text": "activities four business segments Corporate segment. consumer business Community Banking. wholesale businesses Corporate Investment Bank Commercial Banking Asset Wealth Management. Business Segment Results pages 65–85 Note 32 segments products services. May 1, 2023 JPMorgan Chase acquired assets assumed liabilities First Republic Bank Federal Deposit Insurance Corporation. references Form 10-K acquisition. Note 34."
}
{
    "_id": "JPM20231126",
    "title": "",
    "text": "Firm’s website. jpmorganchase. com. annual Form 10-K quarterly Form 10-Q current Form 8-K Section 13 15(d Securities Exchange Act 1934 U. S. Securities Exchange Commission. sec Chase new information. Investor Relations section. Information Form 10-K not incorporated 2023 Form 10-K other filings SEC."
}
{
    "_id": "JPM20231155",
    "title": "",
    "text": "executive overview MD&A 2023 Form 10-K. trends uncertainties risks accounting estimates 2023 Form 10-K. performance JPMorgan Chase December 31, Noninterest revenue,837 Net interest income net revenue,695 noninterest expense,140 Pre-provision profit,555 Provision credit losses Net income,676 Diluted earnings per share. ratios metrics Return common equity Book value share. Tangible value. Capital ratios capital. Tier 1. Total.NII excluding Markets,355 NIR Markets,938 Markets net revenue,366,277"
}
{
    "_id": "JPM20231156",
    "title": "",
    "text": "ended 2023 results First Republic. page 67 Note 34."
}
{
    "_id": "JPM20231157",
    "title": "",
    "text": "reflect CECL. Note 27."
}
{
    "_id": "JPM20231158",
    "title": "",
    "text": "ratios Basel III. Capital Risk Management 91."
}
{
    "_id": "JPM20231159",
    "title": "",
    "text": "NII NIR noninterest revenue. CIB Fixed Equity."
}
{
    "_id": "JPM20231160",
    "title": "",
    "text": "Comparisons 2023 versus 2022 unless specified."
}
{
    "_id": "JPM20231163",
    "title": "",
    "text": "Chase $49. billion 2023. 17% 21%. revenue $158. billion 23%"
}
{
    "_id": "JPM20231164",
    "title": "",
    "text": "interest $89. billion 34% higher rates Republic balances Markets deposit balances. $90. billion 44%."
}
{
    "_id": "JPM20231167",
    "title": "",
    "text": "revenue $68. 8 billion 11% First Republic $2. billion gain management fees Visa securities losses lower auto lease income. expense $87. 2 billion 14% compensation wage inflation. $2. 9 billion FDIC First Republic. credit losses $9. 3 billion $6. 2 billion charge-offs $3. 1 billion.-offs increased $3. billion Card Services single name exposures."
}
{
    "_id": "JPM20231168",
    "title": "",
    "text": "$1. 3 billion CCB. 4 billion revolving balances reduction $200 million Home Lending"
}
{
    "_id": "JPM20231169",
    "title": "",
    "text": "net addition $657 million wholesale commercial real estate."
}
{
    "_id": "JPM20231170",
    "title": "",
    "text": "addition $1. billion First Republic loans 2023."
}
{
    "_id": "JPM20231173",
    "title": "",
    "text": "$3. 5 billion charge-offs $2. 9 billion. losses $24. 8 billion December 31, 2023. 75%. 81% nonperforming assets $7. 6 billion 2023 5% wholesale loans. Wholesale Consumer Credit Portfolio 120–130 114–119."
}
{
    "_id": "JPM20231176",
    "title": "",
    "text": "loans $1. 2 trillion 13%. deposits $2. 4 trillion down 4%"
}
{
    "_id": "JPM20231177",
    "title": "",
    "text": "migration AWM spending CCB deposit attrition net decline CIB deposits"
}
{
    "_id": "JPM20231179",
    "title": "",
    "text": "increase deposits First Republic initiatives."
}
{
    "_id": "JPM20231180",
    "title": "",
    "text": "Liquidity Management pages."
}
{
    "_id": "JPM20231185",
    "title": "",
    "text": "capital $251 billion Advanced ratios 15. 0%. 1%. 18% $86. Assets $798 billion securities $649 billion $1. 4 trillion liquidity. Liquidity Risk Management."
}
{
    "_id": "JPM20231186",
    "title": "",
    "text": "Consolidated Results Balance Sheets 58–60 credit losses Business Segment Results 67 34 First Republic acquisition."
}
{
    "_id": "JPM20231187",
    "title": "",
    "text": "Pre-provision profit ROTCE TCE TBVPS NII NIR net revenue non-GAAP.-GAAP pages 62–64."
}
{
    "_id": "JPM20231194",
    "title": "",
    "text": "business metrics lines 2023 First Republic. ROE 38% deposits 3% assets 47% loans Card Services charge-off. card sales 8% mobile 8% ROE 13% Investment Banking. revenue $27. 8 billion 4% Fixed Income 1% Equity 13% 20% $3. 4 billion 14% loans 20% deposits ROE 31% $3. 4 trillion 24% loans deposits 17%"
}
{
    "_id": "JPM20231195",
    "title": "",
    "text": "Card."
}
{
    "_id": "JPM20231196",
    "title": "",
    "text": "platforms logged 90 days. excludes First Republic."
}
{
    "_id": "JPM20231197",
    "title": "",
    "text": "Business Segment Results pages 65–85."
}
{
    "_id": "JPM20231205",
    "title": "",
    "text": "JPMorgan Chase communities. capital 2023. 3 trillion credit $239 billion consumers $36 billion. businesses $1. trillion corporations $915 billion non. $47 billion nonprofit. entities"
}
{
    "_id": "JPM20231206",
    "title": "",
    "text": "states hospitals."
}
{
    "_id": "JPM20231210",
    "title": "",
    "text": "JPMorgan Chase 500 branches renovate 1,700 hire 3,500 three years. January 25 executives"
}
{
    "_id": "JPM20231211",
    "title": "",
    "text": "Piepszak Troy Rohrbaugh Co Markets Co-CEOs Commercial Investment Bank Global Commercial Corporate Banking Markets Securities Services Global Payments."
}
{
    "_id": "JPM20231212",
    "title": "",
    "text": "Lake former Co-CEO CEO."
}
{
    "_id": "JPM20231213",
    "title": "",
    "text": "Dimon Chairman Daniel Pinto President manage company. Pinto LOB priorities."
}
{
    "_id": "JPM20231215",
    "title": "",
    "text": "Firm business segments. second quarter 2024. January 16, 2024 JPMorgan Chase Mark Weinberger 62 elected Board Directors. Audit Committee. Global Chairman Chief Ernst & Young 2013 2019."
}
{
    "_id": "JPM20231217",
    "title": "",
    "text": "current expectations Private Securities Litigation Reform Act 1995. based beliefs JPMorgan management Form 10-K subject risks uncertainties. Forward-Looking Statements page 161 Part I Item 1A Risk Factors pages 9-33 Form 10-K JPMorgan results. no assurance results 2024 Firm update statements."
}
{
    "_id": "JPM20231218",
    "title": "",
    "text": "JPMorgan 2024 global U. S. economies financial markets geopolitical competitive client customer activity regulatory legislative developments. countries. affect performance. adjustments businesses operations business economic regulatory legal environments."
}
{
    "_id": "JPM20231223",
    "title": "",
    "text": "$90 billion. $88 billion. adjusted expense $90 billion. charge-off rate Card Services less. 50%."
}
{
    "_id": "JPM20231224",
    "title": "",
    "text": "income Markets expense non-GAAP. Explanation Non-GAAP Measures pages."
}
{
    "_id": "JPM20231228",
    "title": "",
    "text": "1 2023 JPMorgan Chase liabilities First Republic Bank Federal Deposit."
}
{
    "_id": "JPM20231229",
    "title": "",
    "text": "JPMorgan Chase’s Financial Statements December 31, 2023 reflect impact First Republic. acquisition business activities disclosed Form 10-K. Firm operations clients products services First Republic."
}
{
    "_id": "JPM20231230",
    "title": "",
    "text": "34 67 First Republic."
}
{
    "_id": "JPM20231232",
    "title": "",
    "text": "publication tenors U. dollar LIBOR. ceased June 30, 2023. one three six-month tenors. continue rates LIBOR-linked contracts through September 30, 2024."
}
{
    "_id": "JPM20231233",
    "title": "",
    "text": "Firm’s transition 2023 completed conversion remaining. dollar LIBOR Secured Overnight Financing Rate LIBOR Cessation. dollar LIBOR-linked products Cessation remediated contractual fallback provisions Adjustable Interest Rate (LIBOR) Act. expects contracts. dollar LIBOR remediated September 30, 2024."
}
{
    "_id": "JPM20231251",
    "title": "",
    "text": "JPMorgan Consolidated Results Operations two-year December 2023. pages 51-54 Annual Report Form 10-K December 2022 2022 2021 results. business segment. pages 155–158 Critical Accounting Estimates Consolidated Results. Revenue Year December millions Investment banking fees,216 Principal transactions Lending deposit fees Asset management fees Commissions fees Investment securities losses Mortgage fees Card income Noninterest revenue Net interest income Total net revenue,104,695,649"
}
{
    "_id": "JPM20231252",
    "title": "",
    "text": "lease income $2. billion 2022 2021. losses tax investments. Note 6."
}
{
    "_id": "JPM20231253",
    "title": "",
    "text": "gain $2. 8 billion 2023 First Republic. Results 67 Notes 6 34."
}
{
    "_id": "JPM20231257",
    "title": "",
    "text": "banking fees decreased advisory fees transactions debt underwriting fees market conditions lower issuance activity leveraged investment-grade high-grade bonds. offset higher issuance high-yield bonds issuance"
}
{
    "_id": "JPM20231259",
    "title": "",
    "text": "equity underwriting fees follow-on volatility convertible securities offset lower activity private placements environment."
}
{
    "_id": "JPM20231260",
    "title": "",
    "text": "CIB pages Note 6."
}
{
    "_id": "JPM20231263",
    "title": "",
    "text": "Equity Markets Prime Finance Equity Derivatives Fixed Income Securitized Products"
}
{
    "_id": "JPM20231264",
    "title": "",
    "text": "revenue Rates Currencies Markets"
}
{
    "_id": "JPM20231266",
    "title": "",
    "text": "increase revenue offset income funding costs $280 million Credit Adjustments $836 million year."
}
{
    "_id": "JPM20231267",
    "title": "",
    "text": "year markdowns unfunded bridge financing CIB."
}
{
    "_id": "JPM20231268",
    "title": "",
    "text": "increase principal transactions cash Treasury CIO interest rate."
}
{
    "_id": "JPM20231269",
    "title": "",
    "text": "transactions CIB offsets. Firm assesses Markets net revenue."
}
{
    "_id": "JPM20231270",
    "title": "",
    "text": "CIB Corporate pages 84–85 Note 6."
}
{
    "_id": "JPM20231272",
    "title": "",
    "text": "Lending fees revenue purchase discount commitments First Republic AWM CB"
}
{
    "_id": "JPM20231274",
    "title": "",
    "text": "deposit fees CB CIB client credits."
}
{
    "_id": "JPM20231275",
    "title": "",
    "text": "CIB CB AWM pages 81–83 Note 6."
}
{
    "_id": "JPM20231276",
    "title": "",
    "text": "Asset management fees inflows waivers First Republic higher market levels inflows. CCB AWM results pages 68–71 81–83 Note 6."
}
{
    "_id": "JPM20231278",
    "title": "",
    "text": "fees annuity travel CCB. results pages 68–71 Note 6."
}
{
    "_id": "JPM20231279",
    "title": "",
    "text": "securities losses. Treasuries. GSE MBS repositioning portfolio. Corporate results pages 84–85 Note 10 information."
}
{
    "_id": "JPM20231280",
    "title": "",
    "text": "Mortgage fees CCB pages 6 15."
}
{
    "_id": "JPM20231281",
    "title": "",
    "text": "Card income CIB CB. Morgan Payments CCB interchange income debit. Business Segment CIB 65–85 68–71 72–77 78–80 Note 6."
}
{
    "_id": "JPM20231285",
    "title": "",
    "text": "income increased $2. 8 billion gain First Republic acquisition hedges Treasury gain $339 million quarter 2023 minority China Fund Management 51%"
}
{
    "_id": "JPM20231289",
    "title": "",
    "text": "auto income CCB volume net gains equity investments CIB impairment losses 2023"
}
{
    "_id": "JPM20231292",
    "title": "",
    "text": "prior year gain $914 million Visa shares insurance settlement equity investment loan."
}
{
    "_id": "JPM20231293",
    "title": "",
    "text": "Business Segment 67 Note 34 First Republic 5 investment hedges 6."
}
{
    "_id": "JPM20231294",
    "title": "",
    "text": "interest income increased rates First Republic balances offset lower deposit balances."
}
{
    "_id": "JPM20231295",
    "title": "",
    "text": "assets $3. 3 trillion $23 billion yield. 14% 236. net yield. 70% 70. 85% 125."
}
{
    "_id": "JPM20231296",
    "title": "",
    "text": "Consolidated balance interest rates pages 310-314. Net yield Markets non-GAAP. Explanation Non Measures 62–64."
}
{
    "_id": "JPM20231306",
    "title": "",
    "text": "credit losses December millions Consumer excluding card Credit card,353 consumer,859 Wholesale,299 Investment securities credit losses,320,389,256"
}
{
    "_id": "JPM20231308",
    "title": "",
    "text": "credit losses $9. billion $6. charge-offs $3. billion."
}
{
    "_id": "JPM20231309",
    "title": "",
    "text": "charge-offs. billion $2. billion Card Services $698 million wholesale."
}
{
    "_id": "JPM20231312",
    "title": "",
    "text": "addition credit losses $1. 9 billion$1. 3 billion consumer CCB $1. 4 billion Card Services reduction $200 million Home Lending. loan growth revolving balances reduced borrower uncertainty. reduction Lending home prices$657 million wholesale downgrade macroeconomic commercial real estate loan lending."
}
{
    "_id": "JPM20231313",
    "title": "",
    "text": "$1. 2 billion First Republic loans 2023."
}
{
    "_id": "JPM20231314",
    "title": "",
    "text": "year $3. 5 billion credit losses $2. 3 billion wholesale $1. 2 billion consumer loan growth borrower pandemic charge-offs $2. 9 billion."
}
{
    "_id": "JPM20231315",
    "title": "",
    "text": "CCB CIB CB AWM 81–83 Allowance Credit Losses 131–133 Notes 1 10 13 credit portfolio."
}
{
    "_id": "JPM20231328",
    "title": "",
    "text": "expense December millions,465,636,567 Noncompensation Occupancy Technology communications equipment,246,358 Professional services,235 Marketing,045,365 noncompensation expense,707,776 noninterest,172,140,343"
}
{
    "_id": "JPM20231329",
    "title": "",
    "text": "depreciation lease."
}
{
    "_id": "JPM20231330",
    "title": "",
    "text": ". billion $266 million million FDIC. billion $860 $730 million 2022 2021. Note 6."
}
{
    "_id": "JPM20231331",
    "title": "",
    "text": "First Republic $1. 5 billion expenses second quarter 2023 July 2 2023. Business Segment Results 67."
}
{
    "_id": "JPM20231336",
    "title": "",
    "text": "Compensation expense employees wage inflation First Republic 2023 CCB volume revenue compensation AWM CCB."
}
{
    "_id": "JPM20231342",
    "title": "",
    "text": "Noncompensation expense increased FDIC expense $2. 9 billion special assessment impact First Republic legal expense investments expenses indirect tax travel entertainment"
}
{
    "_id": "JPM20231344",
    "title": "",
    "text": "depreciation lease."
}
{
    "_id": "JPM20231351",
    "title": "",
    "text": "Business Segment Results 67 Note 34 First Republic Note 6 Income tax Year December 31, millions Income tax,166 tax,228 tax rate."
}
{
    "_id": "JPM20231356",
    "title": "",
    "text": "tax rate increased higher pre-tax income. benefits tax audit settlements vesting employee stock awards"
}
{
    "_id": "JPM20231359",
    "title": "",
    "text": "income tax expense First Republic acquisition bargain purchase gain tax rate income tax benefit regulations."
}
{
    "_id": "JPM20231360",
    "title": "",
    "text": "Note 25."
}
{
    "_id": "JPM20231383",
    "title": "",
    "text": "changes December 2023 2022. pages 155–158 Critical Accounting Estimates Consolidated Balance Sheets. December 31, Assets Cash,066,697 Deposits,537 Federal funds securities purchased Securities borrowed,369 Trading assets,799-sale securities Held-to-maturity securities,305 Investment securities credit losses,162 Loans,323,135,647 Accrued interest accounts receivable,189 Premises equipment,734 Goodwill MSRs intangible assets,859 Other assets Total assets,875,393"
}
{
    "_id": "JPM20231386",
    "title": "",
    "text": "deposits increased excess Federal Reserve Banks. excess cash long-term debt maturities paydowns securities"
}
{
    "_id": "JPM20231388",
    "title": "",
    "text": "impacts First Republic 2023."
}
{
    "_id": "JPM20231389",
    "title": "",
    "text": "funds sold securities purchased offset cash Treasury CIO."
}
{
    "_id": "JPM20231390",
    "title": "",
    "text": "borrowed Markets demand positions client activities."
}
{
    "_id": "JPM20231391",
    "title": "",
    "text": "Note 11 resale borrowed."
}
{
    "_id": "JPM20231392",
    "title": "",
    "text": "assets increased debt equity offset receivables market movements. Notes 2 5."
}
{
    "_id": "JPM20231394",
    "title": "",
    "text": "securities securities maturities paydowns offset First Republic net purchases transfer held-maturity"
}
{
    "_id": "JPM20231396",
    "title": "",
    "text": "maturities paydowns AFS."
}
{
    "_id": "JPM20231397",
    "title": "",
    "text": "Corporate Investment Risk Management 134 Notes 2 10."
}
{
    "_id": "JPM20231401",
    "title": "",
    "text": "Loans$146 billion First Republic Card Services higher revolving balances Auto loans originations."
}
{
    "_id": "JPM20231403",
    "title": "",
    "text": "allowance loan losses increased addition. billion"
}
{
    "_id": "JPM20231404",
    "title": "",
    "text": ". 3 billion CCB. 4 billion revolving balances reduction $176 million Home Lending"
}
{
    "_id": "JPM20231406",
    "title": "",
    "text": "$930 million wholesale downgrade Firm outlook. billion First Republic loans quarter 2023."
}
{
    "_id": "JPM20231407",
    "title": "",
    "text": "loan losses $587 million January 1 2023 Financial Instruments Losses Debt."
}
{
    "_id": "JPM20231409",
    "title": "",
    "text": "Form 10-K TDR Firm adoption."
}
{
    "_id": "JPM20231410",
    "title": "",
    "text": "$408 million reduction lending commitments balance."
}
{
    "_id": "JPM20231411",
    "title": "",
    "text": "Results Risk Management 111–134 Notes 2 13 loans credit losses Business Segment Results 67 34 First Republic."
}
{
    "_id": "JPM20231412",
    "title": "",
    "text": "Accrued interest accounts client receivables."
}
{
    "_id": "JPM20231413",
    "title": "",
    "text": "Premises equipment headquarters First Republic acquisition capitalized software. Note 16 18."
}
{
    "_id": "JPM20231417",
    "title": "",
    "text": "Goodwill MSRs intangibles increased 51% interest CIFM intangibles First Republic acquisition MSRs purchases higher interest rates cash flows."
}
{
    "_id": "JPM20231418",
    "title": "",
    "text": "15 34."
}
{
    "_id": "JPM20231432",
    "title": "",
    "text": "assets decreased collateral cash securities. balance sheets December 31, Liabilities Deposits,400,688,179 Federal funds securities loaned sold Short borrowings,027 Trading liabilities Accounts payable liabilities,141 Beneficial interests,610 Long-term debt liabilities,373,411 Stockholders’ equity,875,393,665,743"
}
{
    "_id": "JPM20231438",
    "title": "",
    "text": "Deposits increased balances CIB structured notes Payments Securities Services offset deposit attrition Corporate international consumer initiatives balances CCB higher customer spending decline AWM higher-yielding investments offset growth new product offerings decrease CB deposit attrition investments offset retention inflows disruptions quarter 2023."
}
{
    "_id": "JPM20231439",
    "title": "",
    "text": "increase $61 billion First Republic AWM."
}
{
    "_id": "JPM20231440",
    "title": "",
    "text": "funds purchased securities loaned increased repurchase activity."
}
{
    "_id": "JPM20231441",
    "title": "",
    "text": "Liquidity Risk Management deposits federal funds securities short-term borrowings Notes 2 11 funds securities Business Results 67 34 First Republic."
}
{
    "_id": "JPM20231442",
    "title": "",
    "text": "liabilities Fixed Income Markets short positions debt offset derivative payables. Notes 2 5."
}
{
    "_id": "JPM20231443",
    "title": "",
    "text": "liabilities decreased client payables higher liabilities $2. 9 billion FDIC assessment. Note 19."
}
{
    "_id": "JPM20231445",
    "title": "",
    "text": "interests VIEs CIB Firm paper liquidity. Liquidity Risk Management pages 102–109 Notes 14 28 VIEs trusts."
}
{
    "_id": "JPM20231446",
    "title": "",
    "text": "debt increased First Republic Purchase Money Note FHLB advances net issuance. notes fair value. Liquidity Risk Management pages 102–109 Note 34 First Republic."
}
{
    "_id": "JPM20231447",
    "title": "",
    "text": "Consolidated Statements 169 Capital Actions 99 Note 24."
}
{
    "_id": "JPM20231458",
    "title": "",
    "text": "cash flow 2023 2022. Consolidated cash flows analysis page 57 2022 Form 10-K 2021 activities. cash Operating,974,119 Investing(137,819) Financing,257) exchange rate changes increase cash deposits(173,600"
}
{
    "_id": "JPM20231462",
    "title": "",
    "text": "JPMorgan assets liabilities support lending capital markets. vary cash. cash liquidity needs. 2023 cash net income assets interest offset higher trading assets lower liabilities higher securities borrowed. 2022 cash higher accounts payable liabilities lower securities borrowed proceeds sales securitizations paydowns loans offset higher trading assets."
}
{
    "_id": "JPM20231466",
    "title": "",
    "text": "investing activities loans securities short-term instruments. 2023 cash proceeds sales securitizations securities offset originations loans First Republic Bank acquisition. 2022 cash originations loans securities offset proceeds."
}
{
    "_id": "JPM20231471",
    "title": "",
    "text": "financing acquiring deposits issuing long debt preferred stock. 2023 cash lower deposits repayment First Republic Bank. offset securities net proceeds borrowings. 2022 cash lower deposits net proceeds. cash repurchases common stock dividends."
}
{
    "_id": "JPM20231473",
    "title": "",
    "text": "Balance Sheets 58–60 Capital 91-101 Liquidity 102–109 Statements Cash Flows 170 cash flows."
}
{
    "_id": "JPM20231475",
    "title": "",
    "text": "NON-GAAP FINANCIAL MEASURES"
}
{
    "_id": "JPM20231477",
    "title": "",
    "text": "Firm prepares Consolidated Financial Statements U. S. GAAP pages 166–170. “reported” basis provides understanding results comparison performance. GAAP."
}
{
    "_id": "JPM20231478",
    "title": "",
    "text": "analyzing Firm’s results management reviews Firmwide results including overhead ratio non-GAAP. reviews results LOBs. definition starts U. GAAP results includes reclassifications net revenue FTE. revenue from investments tax credits tax-exempt securities results taxable. measures"
}
{
    "_id": "JPM20231479",
    "title": "",
    "text": "revenue taxable tax-exempt sources. income tax impact recorded expense. adjustments impact net income Firm LOBs."
}
{
    "_id": "JPM20231480",
    "title": "",
    "text": "Management uses non-GAAP financial measures Firm business-segment level provide information operational performance trends facilitate comparison competitors. Business Segment Results pages 65–85 information non-GAAP measures. Firm not comparable other companies."
}
{
    "_id": "JPM20231494",
    "title": "",
    "text": "summary reconciliation. GAAP results basis.Year ended December 31, millions except ratios taxable-equivalent adjustments Other income,782,391,322,148,225 Total noninterest revenue,782,148,225 Net interest income,741 Total net revenue,262,655,304 Total noninterest expense Pre-provision profit,262,555######3,582,655 Provision for credit losses Income before income tax expense,262,655,217 Income tax expense,060######4,262,322######8,490######3,582,072######11,655,883 Net income Overhead ratio####"
}
{
    "_id": "JPM20231495",
    "title": "",
    "text": "recognized CIB."
}
{
    "_id": "JPM20231516",
    "title": "",
    "text": "net interest income yield noninterest revenue management reviews metrics excluding Markets. Fixed Income Equity Markets. non-GAAP. investing deposit-raising volatility Markets. assesses Markets business performance total revenue. measures provide alternative revenue trends. Year ended December 31, millions Net interest income,267 taxable-equivalent adjustments Net interest income,747,144,741 Markets net interest income,243 excluding Markets,355,498 Average interest-earning assets,325,708,349,079,215,942 Markets interest-earning assets,238,884 Net yield interest-earning assets managed.Net yield Markets assets. Markets. 85. Noninterest revenue,837,985,338 taxable-equivalent adjustments,782,148,225 Noninterest,133 Markets noninterest revenue,195,151 excluding Markets,938 Total Markets net revenue,792,394"
}
{
    "_id": "JPM20231517",
    "title": "",
    "text": "hedges. Taxable-equivalent amounts."
}
{
    "_id": "JPM20231518",
    "title": "",
    "text": "pages 75-76."
}
{
    "_id": "JPM20231520",
    "title": "",
    "text": ". GAAP non-GAAP measures"
}
{
    "_id": "JPM20231521",
    "title": "",
    "text": "value share equity period-end shares"
}
{
    "_id": "JPM20231526",
    "title": "",
    "text": "TBVPS equity-end shares"
}
{
    "_id": "JPM20231530",
    "title": "",
    "text": "Firm reviews non-GAAP expense-provision profit revenue less noninterest expense."
}
{
    "_id": "JPM20231531",
    "title": "",
    "text": "believes measures understand effect results alternative performance."
}
{
    "_id": "JPM20231532",
    "title": "",
    "text": "Firm reviews loan losses loans excluding trade finance non-GAAP coverage."
}
{
    "_id": "JPM20231535",
    "title": "",
    "text": "TCE ROTCE TBVPS non-GAAP measures. TCE stockholders’ equity. preferred goodwill assets deferred tax liabilities. ROTCE net income common equity. TBVPS TCE divided shares. utilized use equity."
}
{
    "_id": "JPM20231546",
    "title": "",
    "text": "summary table reconciliation equity TCE. 31, 2023 2022 December millions share ratio stockholders’ equity,474,968 Less Goodwill,634,662 Less intangible assets,225 deferred tax liabilities,996,474 Tangible common equity#247,611,109,982 Return common equity book value per share."
}
{
    "_id": "JPM20231547",
    "title": "",
    "text": "deferred tax liabilities-deductible goodwill intangibles nontaxable netted."
}
{
    "_id": "JPM20231550",
    "title": "",
    "text": "Firm managed. four segments Consumer Corporate Commercial Asset Wealth Management. Corporate segment."
}
{
    "_id": "JPM20231557",
    "title": "",
    "text": "business segments determined products services financial information Operating Committee. results presented. Non-GAAP Financial Measures pages. Chase Investment Lending Services Securities Middle Market Consumer. Wealth Business Banking Home Lending Real Estate Portfolios Investment Banking Payments Lending Fixed Income Corporate Banking Equity Markets Securities Credit Adjustments Commercial Real Estate Banking"
}
{
    "_id": "JPM20231558",
    "title": "",
    "text": "organizational changes announced January 25 2024 Firm business segments. reorganization effective second quarter 2024. Recent events page 52."
}
{
    "_id": "JPM20231560",
    "title": "",
    "text": "business segments present stand-alone. management reporting includes allocation income expense items. Firm assesses assumptions methodologies reporting classifications segment reporting refinements. assesses capital each LOB. LOBs provide business metrics performance."
}
{
    "_id": "JPM20231562",
    "title": "",
    "text": "business segments sell products clients share revenue. Revenue recognized segment allocations other segment. segment results reflect revenue-sharing agreements."
}
{
    "_id": "JPM20231564",
    "title": "",
    "text": "business segments use services corporate units costs allocated. expense"
}
{
    "_id": "JPM20231565",
    "title": "",
    "text": "allocated cost use services. costs investments corporate support units technology operations not utilized not allocated segments retained Corporate. includes costs not aligned segment."
}
{
    "_id": "JPM20231567",
    "title": "",
    "text": "Funds pricing Firm allocates expense LOBs interest liquidity Treasury CIO."
}
{
    "_id": "JPM20231568",
    "title": "",
    "text": "funds transfer interest liquidity risk assets liabilities off-balance sheet products. methodology assumptions economic interest income."
}
{
    "_id": "JPM20231569",
    "title": "",
    "text": "higher interest rate cost funds credits liabilities increased income. December 31, 2023 higher cost loans"
}
{
    "_id": "JPM20231571",
    "title": "",
    "text": "margin expansion."
}
{
    "_id": "JPM20231573",
    "title": "",
    "text": "exchange risk transferred LOBs Treasury CIO revenues expenses. manages reports rate. Market Risk Management page 143."
}
{
    "_id": "JPM20231575",
    "title": "",
    "text": "funds transfer credit spread unsecured-term debt preferred stock dividends allocated reportable business segments balance retained Corporate. aligned regulatory capital requirements funding needs LOBs."
}
{
    "_id": "JPM20231576",
    "title": "",
    "text": "cost unsecured debt interest income reduced stock dividends income common equity."
}
{
    "_id": "JPM20231577",
    "title": "",
    "text": "Capital pages 91-101."
}
{
    "_id": "JPM20231579",
    "title": "",
    "text": "capital business segment equity. allocation methodology incorporates Basel III risk-weighted assets global important banks surcharge simulation stress. annually assumptions judgments methodologies capital may change."
}
{
    "_id": "JPM20231580",
    "title": "",
    "text": "equity 98 capital allocation."
}
{
    "_id": "JPM20231598",
    "title": "",
    "text": "tables results segment periods.ended December 31, Community Investment Bank Banking millions except ratios Total net revenue,148,879,807,102,546,008 Total noninterest expense,028,553,041 Pre-provision profit/(loss,329######23,606,851,752,390 Provision credit losses,813(6,989),158 Net income/(loss),957,107,246 Return on equity (“ROE”)Year ended December 31, Wealth millions except ratios) Total net revenue(3,483),366,277,304 Total noninterest expense,780######11,829######10,140######71,343 Pre-provision profit/(loss),285,137######53,961 Provision credit losses(9,256) Net income/(loss),227######4,334 Return on equity"
}
{
    "_id": "JPM20231599",
    "title": "",
    "text": "quarter 2023 allocations expense CCB Merchant Services discontinued retained CIB. amounts revised."
}
{
    "_id": "JPM20231602",
    "title": "",
    "text": "tables metrics Wealth Management Bank AWM J. P. Morgan CCB revenue metrics J. P. Morgan Payments CIB CB. information Wealth Management. Morgan Payments LOBs."
}
{
    "_id": "JPM20231606",
    "title": "",
    "text": "ended December 31, Client assets,177,438,456 client advisors"
}
{
    "_id": "JPM20231607",
    "title": "",
    "text": "Global Bank AWM. Morgan Wealth."
}
{
    "_id": "JPM20231608",
    "title": "",
    "text": "December 31, 2023. First Republic."
}
{
    "_id": "JPM20231614",
    "title": "",
    "text": "millions Year December net revenue,248 Merchant processing volume billions,408,158,887 deposits"
}
{
    "_id": "JPM20231615",
    "title": "",
    "text": "revenues investment banking impact equity investments."
}
{
    "_id": "JPM20231632",
    "title": "",
    "text": "table presents impacts CCB CB AWM Corporate First Republic May 1 2023. December 31, millions Community Banking Banking Wealth Income Statement Data Revenue Asset management fees income Noninterest revenue Net interest income Total net revenue Provision credit losses Noninterest expense Net income Balance Sheet Data-end Loans Deposits"
}
{
    "_id": "JPM20231633",
    "title": "",
    "text": "2023 deposits Republic AWM CIB."
}
{
    "_id": "JPM20231634",
    "title": "",
    "text": "bargain purchase gain $2. 7 billion. adjustments $63 million gain $2. 8 billion. Note 34."
}
{
    "_id": "JPM20231635",
    "title": "",
    "text": "$360 million."
}
{
    "_id": "JPM20231636",
    "title": "",
    "text": ". loans $508 million deposits."
}
{
    "_id": "JPM20231637",
    "title": "",
    "text": "sections comparative results years ended December 2023 2022."
}
{
    "_id": "JPM20231671",
    "title": "",
    "text": "Consumer Community Banking businesses branches ATMs digital telephone banking. Banking Wealth Management. Home Lending Card Services Auto. deposit investment cash payments. Home Lending mortgage origination residential mortgages home equity loans. Card Services travel. loans leases.income statement data December millions Lending deposit fees,356 Asset management fees,282 Mortgage fees,159 Card income,469,364 other income Noninterest revenue,092 Net interest income,030,787 Total net revenue,879 Provision credit losses Noninterest,116,886 noninterest expense,028 Income before tax expense tax expense Net income,232,957 Revenue line Banking Wealth Management,199,786 Home Lending,140,291 Card Services Auto,802 Mortgage Production revenue,215 mortgage revenue Mortgage,175,159 Financial Return equity Overhead ratio"
}
{
    "_id": "JPM20231672",
    "title": "",
    "text": "operating lease income commissions fees. income. $3. $4. 2022 2021."
}
{
    "_id": "JPM20231673",
    "title": "",
    "text": "depreciation leased. $2. 4. 3 2023 2022 2021."
}
{
    "_id": "JPM20231674",
    "title": "",
    "text": "MSR $131 $93 million 2023 2022 2021."
}
{
    "_id": "JPM20231675",
    "title": "",
    "text": "First Republic. 67."
}
{
    "_id": "JPM20231676",
    "title": "",
    "text": "Wealth Home Lending Republic. 3 billion $932 million."
}
{
    "_id": "JPM20231677",
    "title": "",
    "text": "quarter 2023 allocations expense CCB Merchant Services discontinued retained CIB. amounts revised."
}
{
    "_id": "JPM20231680",
    "title": "",
    "text": "$21. 42%."
}
{
    "_id": "JPM20231681",
    "title": "",
    "text": "$70. 28%."
}
{
    "_id": "JPM20231685",
    "title": "",
    "text": "interest income $55. billion 38% margin expansion loan forgiveness Card Services revolving balances First Republic Home Lending."
}
{
    "_id": "JPM20231688",
    "title": "",
    "text": "Noninterest revenue $15. 1 billion 2% asset fees market inflows commissions annuity fees interchange income debit card"
}
{
    "_id": "JPM20231690",
    "title": "",
    "text": "Card Services higher fees net interchange income offset amortization account costs growth. income reduction rewards costs partner payments first tax refund increase rewards liability second quarter travel commissions"
}
{
    "_id": "JPM20231693",
    "title": "",
    "text": "auto income volume mortgage fees Home Lending."
}
{
    "_id": "JPM20231695",
    "title": "",
    "text": "management commissions Accounting credit card rewards."
}
{
    "_id": "JPM20231696",
    "title": "",
    "text": "Note 15 MSR hedges mortgage fees income."
}
{
    "_id": "JPM20231697",
    "title": "",
    "text": "34 First Republic."
}
{
    "_id": "JPM20231700",
    "title": "",
    "text": "Noninterest expense $34. 8 billion up 12% compensation First Republic bankers advisors technology wage inflation revenue compensation noncompensation First Republic marketing technology FDIC legal expense lease depreciation."
}
{
    "_id": "JPM20231704",
    "title": "",
    "text": "credit losses. 9 billion charge-offs $5. 3 billion $2. 6 billion Card Services $1. 2 billion addition. 4 billion reduction $200 million Home Lending. loan growth borrower uncertainty. reduction home prices$408 million First Republic loans quarter 2023."
}
{
    "_id": "JPM20231705",
    "title": "",
    "text": "$3. billion charge-offs $2. 7 billion. billion credit losses."
}
{
    "_id": "JPM20231706",
    "title": "",
    "text": "Credit Investment Risk Management Allowance Credit Losses 131–133 losses."
}
{
    "_id": "JPM20231731",
    "title": "",
    "text": "metrics December balance sheet data assets,951,085,370 Loans Banking Wealth Management,142 Home Lending,181 Card Services,175 loans,203,058 Deposits,738,110 Equity balance sheet data assets,367,263,771 Loans Banking Wealth Management,142 Home Lending,115 Card Services Total loans,355 Deposits,552 Equity Employees,640,863"
}
{
    "_id": "JPM20231732",
    "title": "",
    "text": "$94 $350 million $5. billion loans Banking."
}
{
    "_id": "JPM20231733",
    "title": "",
    "text": "December 31, 2023 2022 2021 Lending loans. 9 billion."
}
{
    "_id": "JPM20231734",
    "title": "",
    "text": "Home Lending loans $4. $7. 3. billion 2022 2021."
}
{
    "_id": "JPM20231735",
    "title": "",
    "text": "2023 $4. Banking Wealth Management Home Lending."
}
{
    "_id": "JPM20231736",
    "title": "",
    "text": "First Republic. 2023 deposits AWM CB CIB. 67."
}
{
    "_id": "JPM20231737",
    "title": "",
    "text": "Banking loans First Republic $2. billion. 2 billion."
}
{
    "_id": "JPM20231766",
    "title": "",
    "text": "$39. 4 billion First Republic December 31, 2023. metrics year December millions Credit data quality Nonaccrual loans,740,899 Net charge Banking Management Home Lending Card Services Total net charge-offs(recoveries,340,688,761 Banking Wealth Management. Home Lending. Card Services. Total net charge-off(recovery rate. 30+ day delinquency Home Lending. Card Services. 90+ day delinquency rate Card Services.loan Banking Wealth Management Home Lending Card Services,250 Auto loan losses#14,458,504,340"
}
{
    "_id": "JPM20231767",
    "title": "",
    "text": "December 2023 2022 2021 nonaccrual loans excluded 90 insured. $123 million $187 million $342 million. credit card loans nonaccrual."
}
{
    "_id": "JPM20231768",
    "title": "",
    "text": "December 31, 2021 excludes loans COVID-19."
}
{
    "_id": "JPM20231769",
    "title": "",
    "text": "December 31, 2023 2022 2021 $94 million $350 million $5. billion. losses SBA."
}
{
    "_id": "JPM20231770",
    "title": "",
    "text": "December 2023 2022 2021 COVID-19 $29 million $449 million $1. billion Home Lending. delinquent."
}
{
    "_id": "JPM20231771",
    "title": "",
    "text": "December 2023 2022 2021 excluded loans. $176 million $258 million $405 million 30."
}
{
    "_id": "JPM20231772",
    "title": "",
    "text": "Republic."
}
{
    "_id": "JPM20231773",
    "title": "",
    "text": "January 2023 TDR accounting. loan losses $591 million residential real estate credit. Note 1."
}
{
    "_id": "JPM20231807",
    "title": "",
    "text": "metrics year ended December billions except ratios Business CCB Consumer customers. CCB Small business customers. Number branches Active digital customers,857 mobile customers,828,710######45,452 Debit credit card sales volume. Total payments transaction volume. Wealth Management Average deposits,111. Deposit margin. Business Banking average loans. Business Bankingorigination volume. Client investment assets. client advisors,029######4,725 Home Mortgage origination volume Retail..#91. Total mortgage origination volume.#162. Third-party mortgage loans serviced#631.#584. MSR carrying value. Sales volume excluding commercial card,163. Net revenue rate. Net yield average loans. New credit card accounts. Loan lease origination volume. Average auto operating lease assets."
}
{
    "_id": "JPM20231808",
    "title": "",
    "text": "Consumer Small business metrics include individuals businesses entities financial ownership exclude customers under 18. customer identifier Small included metrics. Households metric Glossary pages 315-321."
}
{
    "_id": "JPM20231809",
    "title": "",
    "text": "platforms logged past 90 days."
}
{
    "_id": "JPM20231810",
    "title": "",
    "text": "platforms logged 90 days."
}
{
    "_id": "JPM20231811",
    "title": "",
    "text": "ACH teller wires BillPay PayChase Zelle-person checks."
}
{
    "_id": "JPM20231812",
    "title": "",
    "text": "accounts. Morgan funds AWM. 81–83. December 31, 2023 $144. billion First Republic."
}
{
    "_id": "JPM20231813",
    "title": "",
    "text": "mortgage $41. $81. $182. 4 2022 2021."
}
{
    "_id": "JPM20231814",
    "title": "",
    "text": "Republic."
}
{
    "_id": "JPM20231815",
    "title": "",
    "text": ". billion 2023 First Republic."
}
{
    "_id": "JPM20231816",
    "title": "",
    "text": ". billion 2023 First Republic."
}
{
    "_id": "JPM20231817",
    "title": "",
    "text": "$10. 6 billion 2021. program May applications."
}
{
    "_id": "JPM20231841",
    "title": "",
    "text": "Corporate Investment Bank Markets Securities Services investment banking market-making brokerage lending treasury securities global corporations investors financial institutions merchants government entities. markets capital-raising loan origination syndication. Payments liquidity commerce clearing trade. Markets Securities Services market-maker risk management brokerage clearing research. custodian custody fund accounting securities lending asset managers insurance companies investment funds.income statement Year December millions Investment banking fees,359 Principal transactions,764 Lending deposit fees Commissions fees Card income other income Noninterest revenue,403 Net interest income Total net revenue Provision credit losses Noninterest Compensation Total noninterest expense,553 Income before tax expense,564 tax Net income,129,107"
}
{
    "_id": "JPM20231842",
    "title": "",
    "text": "CB revenue banking products subject revenue sharing arrangement reduction income."
}
{
    "_id": "JPM20231843",
    "title": "",
    "text": "tax adjustments tax credits alternative energy amortization affordable housing tax-exempt income"
}
{
    "_id": "JPM20231844",
    "title": "",
    "text": "municipal bonds $3. December 2023 2022 2021."
}
{
    "_id": "JPM20231863",
    "title": "",
    "text": "first quarter 2023 allocations revenue expense CCB Merchant Services discontinued retained CIB. amounts revised current presentation. income statement data December Financial Return equity Overhead ratio Compensation expense net revenue Revenue Investment Banking,243 Payments,273 Lending,377 Total Banking Fixed Income Markets Equity Markets Securities Services Credit Adjustments,284 Total net revenue"
}
{
    "_id": "JPM20231864",
    "title": "",
    "text": "credit funding derivatives fair value option liabilities reported revenue. net hedging activities CVA FVA Fixed Income Equity Markets. Notes 2 3 24."
}
{
    "_id": "JPM20231865",
    "title": "",
    "text": "quarter 2023 allocations expense CCB Merchant Services discontinued retained CIB. amounts revised."
}
{
    "_id": "JPM20231868",
    "title": "",
    "text": "$14. 5%."
}
{
    "_id": "JPM20231869",
    "title": "",
    "text": ". billion 1%."
}
{
    "_id": "JPM20231871",
    "title": "",
    "text": "Banking revenue $16. 5 billion 7%. Banking $6. 2 billion 4%. $257 million markdowns 8%. fees 5% equity. #1 Global Banking fees Dealogic."
}
{
    "_id": "JPM20231872",
    "title": "",
    "text": "fees $2. 8 billion down 8% lower transactions challenging environment."
}
{
    "_id": "JPM20231873",
    "title": "",
    "text": "underwriting fees $2. 6 billion down 8% market lower issuance leveraged. offset higher high-yield bonds."
}
{
    "_id": "JPM20231876",
    "title": "",
    "text": "fees $1. 2 billion up 11% follow-on convertible securities lower private placements. revenue $9. 3 billion up 22% deposit margin expansion rates client credits. impact equity flat. revenue $1. 0 billion down 27%, $494 million losses hedges hedging $27 million gains offset higher interest income."
}
{
    "_id": "JPM20231881",
    "title": "",
    "text": "Markets Securities $32. billion 1%. $27. billion 4%. Income Markets $18. billion 1% finance Securitized Products Credit Trading Currencies Emerging Markets. Markets $9. billion 13% Equity Derivatives Cash Equities. Services $4. billion 6% margin expansion deposits fees. Adjustments $280 million $836 million."
}
{
    "_id": "JPM20231882",
    "title": "",
    "text": "Noninterest $28. billion 5% legal wage tax."
}
{
    "_id": "JPM20231883",
    "title": "",
    "text": "losses $121 million charge-offs $272 million $190 single name $151 million."
}
{
    "_id": "JPM20231884",
    "title": "",
    "text": "reduction allowance driven loan lending portfolios outlook offset addition accounts receivable downgrade activity."
}
{
    "_id": "JPM20231885",
    "title": "",
    "text": "provision year $1. billion addition credit."
}
{
    "_id": "JPM20231907",
    "title": "",
    "text": "metrics December 31, millions balance sheet data assets,338,168,334,296,259,896 Loans retained,642,786,304,386,172 Equity balance sheet data assets,250,334,518 Trading assets equity receivables,836,802,203 Loans retained,601,137 fair value,072 Total loans,432,473,209 Deposits,700 Equity Employees,452,546"
}
{
    "_id": "JPM20231908",
    "title": "",
    "text": "retained credit portfolio multi-seller trade finance-investment overdrafts."
}
{
    "_id": "JPM20231931",
    "title": "",
    "text": "held-for-sale fair value reflect positions CIB Markets including securitization. year ended December 31, millions Credit data quality Net charge-offs(recoveries Nonperforming assets Nonaccrual loans retained fair value Total loans Derivative receivables Assets acquired loan satisfactions Total nonperforming assets Allowance credit losses,348-related commitments,372,720 Net charge-off/(recovery rate. Allowance loan losses period-end loans. excluding trade finance.Allowance losses nonaccrual Nonaccrual period-end loans."
}
{
    "_id": "JPM20231932",
    "title": "",
    "text": "losses $95 $104 $58 million 2023 2022 2021."
}
{
    "_id": "JPM20231933",
    "title": "",
    "text": "December 2023 2022 2021 nonaccrual loans excluded insured. $59 million $115 $281 million."
}
{
    "_id": "JPM20231934",
    "title": "",
    "text": "fair value excluded charge-off rate."
}
{
    "_id": "JPM20231935",
    "title": "",
    "text": "uses allowance loan losses loans non-GAAP assessment coverage ratio. Non-GAAP Financial Measures pages 62–64."
}
{
    "_id": "JPM20231943",
    "title": "",
    "text": "banking December millions Advisory,381 Equity underwriting,151 Debt underwriting,025 banking fees,359"
}
{
    "_id": "JPM20231961",
    "title": "",
    "text": ")Represents long-term debt loan syndications. table results wallet share Year ended December 31, Based on fees M&A Global####9. 3 9 6 7 Equity-related Global####7.####5####8 8 Long-term debt Global####7.####6 4. Loan Global. 6 Global investment banking fees####8. 8####9 3"
}
{
    "_id": "JPM20231962",
    "title": "",
    "text": "Dealogic January 2024. market."
}
{
    "_id": "JPM20231963",
    "title": "",
    "text": "M&A withdrawn transactions. wallet client parents."
}
{
    "_id": "JPM20231964",
    "title": "",
    "text": "equity rights Chinese-Shares."
}
{
    "_id": "JPM20231965",
    "title": "",
    "text": "-term debt rankings high supranationals sovereigns bonds exclude short-term. securities."
}
{
    "_id": "JPM20231966",
    "title": "",
    "text": "fees debt securities."
}
{
    "_id": "JPM20231968",
    "title": "",
    "text": "table summarizes income Markets businesses. Fixed Income Equity Markets. revenue transactions fees commissions net interest income. Firm assesses performance offsets. securities income risk-managed derivatives. Notes 6 7 income."
}
{
    "_id": "JPM20231969",
    "title": "",
    "text": "Principal transactions reflects revenue financial instruments commodities client-driven market-making activity. revenue includes amounts recognized new transactions “inventory-related gains losses derivatives instruments changes fair value instruments risk. revenue affected by client activity bid-offer spread"
}
{
    "_id": "JPM20231970",
    "title": "",
    "text": "price market participant instrument market liquidity volatility. factors interrelated inventory-related revenue market conditions interest rates foreign exchange rates credit spreads equity commodity prices macroeconomic conditions."
}
{
    "_id": "JPM20231982",
    "title": "",
    "text": "periods source revenue recognized new transactions.Year ended December 31, millions Income Markets Markets Principal transactions,064#11,514,578,682,846,430 Lending deposit-related fees####325 Commissions fees####1,908,493 income Noninterest revenue,375,451,744,195,749,402,151 Net interest income,102,396),166(377,116,127,243 Total net revenue,813#8,979,792,617,367,865,529,394 Loss days"
}
{
    "_id": "JPM20231983",
    "title": "",
    "text": "decline Markets costs."
}
{
    "_id": "JPM20231993",
    "title": "",
    "text": "days represent Equity losses net revenue. differ backtesting gains losses. backtesting gains losses include positions Firm’s Risk Management exclude net revenue gains losses. VaR pages 137–139. year December 31, millions Assets custody class Fixed Income,543,361,098 Equity,927,748,962 Other,161 Total AUC,392,635,221 Merchant processing volume,408,158,887 Client deposits third party liabilities,074,391"
}
{
    "_id": "JPM20231994",
    "title": "",
    "text": "funds currencies annuities insurance."
}
{
    "_id": "JPM20231995",
    "title": "",
    "text": "merchant processing."
}
{
    "_id": "JPM20231996",
    "title": "",
    "text": "deposits liabilities Payments Securities."
}
{
    "_id": "JPM20232024",
    "title": "",
    "text": "metrics December 31, millions net revenue Europe East,725,303 Asia-Pacific Latin America revenue,426 North America,381 net revenue,807,102 Loans retained Europe East,792,424 Asia-Pacific,333 Latin America/Caribbean international loans,466,561 North America,225 loans retained,642,786 Client deposits third-party liabilities Europe East,225,203,867 Asia-Pacific Latin America/Caribbean,134,277,254,153 North America,757 client deposits liabilities,074,391 AUC North America,792,219 regions,600,566 AUC,392,635,221"
}
{
    "_id": "JPM20232025",
    "title": "",
    "text": "revenue loans retained fair value trading desk booking domicile client."
}
{
    "_id": "JPM20232026",
    "title": "",
    "text": "deposits liabilities Payments Securities Services based domicile."
}
{
    "_id": "JPM20232027",
    "title": "",
    "text": "quarter 2023 allocations expense CCB Merchant Services discontinued retained CIB. amounts revised."
}
{
    "_id": "JPM20232047",
    "title": "",
    "text": "Commercial Banking financial solutions payments investment banking management Middle Market Corporate Real Estate Banking. Middle Market Banking midsized companies governments nonprofit. Corporate large corporations. Real Estate investors developers multifamily office retail industrial affordable housing. income Year December 31, Lending deposit fees Card income income Noninterest revenue Net interest income net revenue Provision credit losses Noninterest expense Compensation tax"
}
{
    "_id": "JPM20232048",
    "title": "",
    "text": "revenue adjustments equity community rehabilitation-exempt income municipal financing $382 $322 $330 million 2023 2022 2021."
}
{
    "_id": "JPM20232049",
    "title": "",
    "text": "First Republic. 67."
}
{
    "_id": "JPM20232051",
    "title": "",
    "text": ". billion 46%."
}
{
    "_id": "JPM20232052",
    "title": "",
    "text": ". billion 35%."
}
{
    "_id": "JPM20232055",
    "title": "",
    "text": "interest income $12. billion 47% margin expansion loans First Republic."
}
{
    "_id": "JPM20232059",
    "title": "",
    "text": "Noninterest revenue $3. 5 billion up 5% lending revenue purchase discount markups-sale bridge financing investment banking revenue card income"
}
{
    "_id": "JPM20232062",
    "title": "",
    "text": "deposit fees client credits absence gain equity investment partial loan."
}
{
    "_id": "JPM20232063",
    "title": "",
    "text": "Noninterest expense $5. 4 billion 14% compensation volume client acquisitions."
}
{
    "_id": "JPM20232067",
    "title": "",
    "text": "provision credit losses $2. billion $1. billion addition macroeconomic outlook deterioration commercial real estate loan lending$608 million First Republic loans second quarter 2023 charge-offs $316 million $232 million Real Estate Office."
}
{
    "_id": "JPM20232068",
    "title": "",
    "text": "provision prior year. billion credit losses."
}
{
    "_id": "JPM20232088",
    "title": "",
    "text": "CB revenue Lending financing collateral receivables inventory equipment real estate assets. Products term loans revolving lines credit financing asset structures leases standby letters credit. Payments. Investment banking capital-raising balance risk management. fixed income equity markets. revenue tax adjustments Community Development Banking principal transactions.income Year December 31, millions Revenue product Lending Payments Investment banking net revenue Investment Banking Markets revenue,978,092 Revenue client segment Middle Market Banking,371 Corporate Client Banking Commercial Real Estate Banking net revenue Financial ratios Return equity Overhead ratio"
}
{
    "_id": "JPM20232089",
    "title": "",
    "text": "third quarter 2023 CIB Markets banking. amounts revised."
}
{
    "_id": "JPM20232090",
    "title": "",
    "text": "revenue Banking Markets products clients reported income."
}
{
    "_id": "JPM20232091",
    "title": "",
    "text": "revenues sharing CB CIB Banking products. fixed income equity markets. Business Segment Results 65 revenue sharing."
}
{
    "_id": "JPM20232092",
    "title": "",
    "text": "First Republic. 67."
}
{
    "_id": "JPM20232123",
    "title": "",
    "text": "Market Commercial $216 $687 million 2023 First Republic.December 31, millions balance data assets,325,106,776 Loans retained,879,220-sale fair value,223,208,443 loans client Middle Market Banking,043,159 Corporate Client Banking Commercial Real Estate Banking,507,999 Total loans,208,443 balance data assets,108,548 Loans retained,285,388-sale fair value Total loans,345,738,042 Deposits,180,343 Average loans client segment Middle Market Banking,130,128 Banking,281,361 Commercial Banking,114,459,331 loans,345,738,042 Employees,687,902"
}
{
    "_id": "JPM20232124",
    "title": "",
    "text": "December $36 million $132 $1. 2 billion $32 $123. billion Middle Market Banking."
}
{
    "_id": "JPM20232125",
    "title": "",
    "text": "First Republic. 67."
}
{
    "_id": "JPM20232126",
    "title": "",
    "text": "December 2023. $32. 6 billion Middle First Republic."
}
{
    "_id": "JPM20232127",
    "title": "",
    "text": "loans First Republic $26. billion."
}
{
    "_id": "JPM20232128",
    "title": "",
    "text": "2023 deposits Republic CCB. page 67."
}
{
    "_id": "JPM20232129",
    "title": "",
    "text": "loans First Republic $4. 2 billion $22. 5 billion."
}
{
    "_id": "JPM20232149",
    "title": "",
    "text": "year December 31, millions ratios Credit data quality statistics Net charge-offs Nonperforming assets Nonaccrual loans retained held-for-sale fair value Total loans Assets acquired loan satisfactions Total nonperforming assets Allowance credit losses,324,219-related commitments losses,154,968 Net charge-off(recovery rate. Allowance loan losses period-end loans retained. nonaccrual loans period-end."
}
{
    "_id": "JPM20232150",
    "title": "",
    "text": "losses $156 $153 loans 2023 2022 2021."
}
{
    "_id": "JPM20232151",
    "title": "",
    "text": "fair value excluded charge-off rate."
}
{
    "_id": "JPM20232152",
    "title": "",
    "text": "$729 million First Republic."
}
{
    "_id": "JPM20232183",
    "title": "",
    "text": "Asset Wealth Management $5. trillion leader. multi-asset equities fixed income alternatives funds. Private Bank retirement brokerage custody estate deposits investment management high. assets portfolios.income statement Year December millions Revenue Asset management fees Commissions fees income Noninterest revenue,560 Net interest income,267 Total net revenue Provision credit losses Noninterest expense Compensation,115 noninterest expense,780 Income tax expense Net income,365 Revenue line business Asset Management Global Private Bank,698 Total net revenue Financial ratios Return equity Overhead ratioPre-tax margin Private Bank Asset Wealth Management"
}
{
    "_id": "JPM20232184",
    "title": "",
    "text": "purchase discount lending commitments First Republic. discount deferred liabilities recognized current year short term. Note 34."
}
{
    "_id": "JPM20232185",
    "title": "",
    "text": "gain minority CIFM acquisition remaining 51%."
}
{
    "_id": "JPM20232187",
    "title": "",
    "text": ". 2 20%."
}
{
    "_id": "JPM20232188",
    "title": "",
    "text": "$19. 12%. $6. 20%. $13 8%."
}
{
    "_id": "JPM20232191",
    "title": "",
    "text": "Revenue Asset Management $9. 1 billion up 4% gain $339 million CIFM 51% asset management fees inflows foreign exchange removal fee waivers"
}
{
    "_id": "JPM20232194",
    "title": "",
    "text": "fees NII funding."
}
{
    "_id": "JPM20232197",
    "title": "",
    "text": "Global Private Bank $10. 7 billion up 20% interest income loans First deposit margin expansion noninterest revenue amortization purchase discount losses."
}
{
    "_id": "JPM20232198",
    "title": "",
    "text": "Noninterest expense $12. billion 8% compensation banking Global Shares. Asset Management."
}
{
    "_id": "JPM20232199",
    "title": "",
    "text": "credit losses $159 million $146 million First Republic loans second quarter 2023."
}
{
    "_id": "JPM20232200",
    "title": "",
    "text": "provision $128 million credit losses."
}
{
    "_id": "JPM20232204",
    "title": "",
    "text": "Asset Management measures fund performance. Percentage active mutual fund ETF assets funds 4- or 5-star rank funds risk performance. 5-star best top 10%. 4-star. 5%. 3-star 35%. 2-star 22. 5%. 1-star bottom 10%. Morningstar rating three five ten- year metrics. -domiciled funds separate star ratings share class level. Nomura three-year risk performance. Funds fewer three years not rated excluded. ratings asset values sourced from fund rating provider. redenominate asset values into. dollars. percentage AUM based on star ratings class. Japan. Past performance not indicative future results. Percentage active mutual fund ETF assets funds ranked 1st 2nd quartile rankings values sourced. based net-of-fee return.fund rating providers redenominate values. dollars. percentage AUM based fund performance peer rankings share class. Luxembourg Kong funds other funds. performance. Past performance not future results."
}
{
    "_id": "JPM20232235",
    "title": "",
    "text": "share C European Acc Hong Kong Taiwan funds. If available oldest primary.metrics year December 31, millions ranking ratios employees % JPM assets 4- 5-star 1st 2nd quartile 1 year 3 years 5 years balance sheet data assets Loans Deposits,232 Equity balance data assets,438,187 Loans,487 Deposits,178,296 Equity Employees,485,762 Global Private Bank client advisors,738 Credit data quality statistics Net charge-offs Nonaccrual loansAllowance credit losses-related commitments Total credit losses#661#514#383 Net charge-off(recovery rate. Allowance loan losses period-end loans. losses nonaccrual loans period-end. 29."
}
{
    "_id": "JPM20232236",
    "title": "",
    "text": "Morningstar Rating except Japan. Includes Asset Management mutual funds ETFs. Excludes funds Undiscovered Managers Fund Brazil. updated ETFs revised."
}
{
    "_id": "JPM20232237",
    "title": "",
    "text": "ranking Morningstar Lipper Nomura domicile. Includes Asset Management funds ETFs. Excludes market Undiscovered Managers Fund Brazil. updated ETFs revised."
}
{
    "_id": "JPM20232238",
    "title": "",
    "text": "deposits credit statistics Global Bank."
}
{
    "_id": "JPM20232239",
    "title": "",
    "text": "First Republic. 67."
}
{
    "_id": "JPM20232240",
    "title": "",
    "text": "2023 deposits Republic CCB. page 67."
}
{
    "_id": "JPM20232241",
    "title": "",
    "text": ". billion 2023 First Republic."
}
{
    "_id": "JPM20232242",
    "title": "",
    "text": "Republic."
}
{
    "_id": "JPM20232266",
    "title": "",
    "text": "management $3. 4 trillion client $5. 0 trillion up 24%, net inflows market levels acquisition Global Shares. assets December Liquidity Fixed income Equity Multi-asset Alternatives assets,766 Custody administration,182 assets,012,048,295 client Private Banking Institutional Funds,766,113 Private Banking,452 Institutional,314 Funds assets,012,048,295"
}
{
    "_id": "JPM20232307",
    "title": "",
    "text": "CCB accounts. Morgan funds AWM manager.assets Year December billions Assets management balance,766,113,716 Net flows Liquidity Fixed income Equity Multi-asset Alternatives Market impacts balance December,766,113 assets balance,048,295,652 Net flows Market impacts balance,012,048,295 Year December 31, billions net revenue Europe East,377 Asia-Pacific Latin America/Caribbean international net revenue North America net revenue Assets Europe East Asia-PacificLatin America international assets North America,219,766,113 Europe East Asia-Pacific Latin America international client assets,378,130 North America,634,918 assets,012,048,295"
}
{
    "_id": "JPM20232308",
    "title": "",
    "text": "revenue based client."
}
{
    "_id": "JPM20232337",
    "title": "",
    "text": "Corporate Treasury Chief Investment Office. liquidity funding capital foreign exchange risks. staff expense initiatives. functions Real Estate Technology Legal Finance Human Internal Audit Risk Management Compliance Control Management Corporate groups.income balance sheet data Year December 31, millions Revenue Principal transactions Investment securities gains,180 income Noninterest revenue Net interest income net revenue Provision credit losses Noninterest expense Income tax expense Income tax expense(1,653) Net income(loss,713) Total net revenue Treasury Corporate net revenue Net income Treasury(3,057) Corporate Total net income(loss Total assets,348,437,100 LoansDeposits,203 Employees,196"
}
{
    "_id": "JPM20232338",
    "title": "",
    "text": "adjustments bonds $211 $235 $257 million 2023 2022 2021."
}
{
    "_id": "JPM20232339",
    "title": "",
    "text": "Firm initiatives."
}
{
    "_id": "JPM20232340",
    "title": "",
    "text": "First Republic. Notes 6 34."
}
{
    "_id": "JPM20232341",
    "title": "",
    "text": "FDIC. Note 6."
}
{
    "_id": "JPM20232342",
    "title": "",
    "text": "taxes First Republic bargain."
}
{
    "_id": "JPM20232344",
    "title": "",
    "text": "income. billion loss $743 million."
}
{
    "_id": "JPM20232345",
    "title": "",
    "text": "revenue $8. billion $80 million higher interest offset lower deposit balances."
}
{
    "_id": "JPM20232349",
    "title": "",
    "text": "Noninterest revenue $132 million loss $1. 8 billion $2. 8 billion gain First Republic acquisition losses foreign exchange short-term cash interest rate"
}
{
    "_id": "JPM20232352",
    "title": "",
    "text": "losses. Treasuries. GSE MBS repositioning portfolio net gains Corporate investments."
}
{
    "_id": "JPM20232353",
    "title": "",
    "text": "year Visa shares insurance settlement."
}
{
    "_id": "JPM20232359",
    "title": "",
    "text": "Noninterest expense $5. 6 billion $4. 6 billion $2. 9 billion FDIC assessment$1. billion First Republic integration restructuring expenses quarter 2023 July 2 2023 benefit foreign exchange legal expenses growth initiatives"
}
{
    "_id": "JPM20232361",
    "title": "",
    "text": "benefits."
}
{
    "_id": "JPM20232362",
    "title": "",
    "text": "impact exchange rates transferred Treasury CIO not income. Foreign Exchange Risk page 66."
}
{
    "_id": "JPM20232363",
    "title": "",
    "text": "Note 10 13 securities credit losses."
}
{
    "_id": "JPM20232365",
    "title": "",
    "text": "provision credit losses $171 million single name charged restructuring loan."
}
{
    "_id": "JPM20232367",
    "title": "",
    "text": "tax benefit finalization regulations adjustments benefits settlements"
}
{
    "_id": "JPM20232369",
    "title": "",
    "text": "impact changes income expenses. taxes Firm's tax reserves."
}
{
    "_id": "JPM20232370",
    "title": "",
    "text": "First Republic estimated bargain gain."
}
{
    "_id": "JPM20232371",
    "title": "",
    "text": "prior income tax benefit driven settlements adjustments offset income expenses. taxes Firm tax reserves."
}
{
    "_id": "JPM20232372",
    "title": "",
    "text": "Corporate international initiatives Chase. bank. Nutmeg wealth manager. 46% C6 Bank digital bank Brazil."
}
{
    "_id": "JPM20232374",
    "title": "",
    "text": "Treasury and CIO liquidity funding capital structural interest rate foreign exchange risks. risks from four business segments-balance assets liabilities."
}
{
    "_id": "JPM20232375",
    "title": "",
    "text": "Treasury CIO-liability high securities. derivatives. Note 5. manages cash position deposits investments short-term instruments. Liquidity Risk Management pages 102–109 liquidity funding. Market Risk Management pages 135–143 interest rate foreign exchange risks."
}
{
    "_id": "JPM20232376",
    "title": "",
    "text": "investment securities portfolio. securities. securities collateralized loan obligations. states municipalities. December 2023 Treasury portfolio losses $569. billion"
}
{
    "_id": "JPM20232386",
    "title": "",
    "text": "average credit rating AA+ external internal risk ratings. Note 10 investment securities portfolio internal risk ratings. income balance sheet December 31, millions Investment securities losses,180(2,380)-sale securities,708 Held-to-maturity securities,180,086 Investment securities portfolio,718,104-sale securities,354,981,352,305,707 Investment securities credit losses,202,286"
}
{
    "_id": "JPM20232387",
    "title": "",
    "text": "2023 Firm hedge accounting. $7. billion HTM securities AFS. 2022 2021 $78. 3 billion $104. 5 billion. Note 1 10."
}
{
    "_id": "JPM20232388",
    "title": "",
    "text": "2021 credit losses $94 $67 $42 million."
}
{
    "_id": "JPM20232389",
    "title": "",
    "text": "December 2023. AFS securities. Note 34."
}
{
    "_id": "JPM20232393",
    "title": "",
    "text": "Risk JPMorgan Chase’s business activities. Firm extends loan advises investment markets offers products services risk. objective manage business risks serving clients protecting safety Firm."
}
{
    "_id": "JPM20232397",
    "title": "",
    "text": "Firm believes risk management responsibility risk identification management LOBs Corporate Firmwide risk governance oversight structure."
}
{
    "_id": "JPM20232398",
    "title": "",
    "text": "Firm follows compensation framework governance oversight Board Directors. risk control performance compensation."
}
{
    "_id": "JPM20232400",
    "title": "",
    "text": "risk governance drivers types impacts."
}
{
    "_id": "JPM20232401",
    "title": "",
    "text": "Drivers risks. economic policy evolution business decisions error wrongdoing dysfunctional markets natural disasters."
}
{
    "_id": "JPM20232406",
    "title": "",
    "text": "risks. Firm’s risks categorized four types •Strategic risk earnings capital liquidity reputation poorly business plans inadequate response. investment risk default credit loss principal reduction returns consumer wholesale. risk market factors interest rates prices credit spreads value assets liabilities. risk adverse outcome inadequate processes human factors external events. includes cybersecurity compliance conduct legal estimations model risk."
}
{
    "_id": "JPM20232407",
    "title": "",
    "text": "quantitative qualitative. reduction earnings capital liquidity outflows fines penalties damage reputation loss clients regulatory enforcement actions."
}
{
    "_id": "JPM20232408",
    "title": "",
    "text": "Firm’s risk governance framework Firmwide. Independent Risk Management function Management Compliance. Chief Executive Officer Chief Risk Officer IRM risk governance. approval Board Risk Committee Risk Governance Oversight Policy."
}
{
    "_id": "JPM20232409",
    "title": "",
    "text": "CRO Firmwide Risk Executives Chief Risk Officers Chief Compliance Officer establish Risk Management Compliance organizations develop risk policies standards oversee framework. LOB CROs oversee risks LOBs Corporate FREs LOBs Corporate functions regions. IRM function risk control standards management."
}
{
    "_id": "JPM20232411",
    "title": "",
    "text": "Firm’s lines"
}
{
    "_id": "JPM20232412",
    "title": "",
    "text": "first line defense LOB Treasury CIO Corporate initiatives Operations Technology Control Management. identification risks design execution controls. laws rules implementation"
}
{
    "_id": "JPM20232414",
    "title": "",
    "text": "policies standards limits controls."
}
{
    "_id": "JPM20232415",
    "title": "",
    "text": "second line defense IRM function separate first measuring risk assessing challenging risk management practices first. identification risks laws rules development implementation policies standards."
}
{
    "_id": "JPM20232416",
    "title": "",
    "text": "third Internal Audit Firmwide processes controls governance risk management. General Auditor Audit Committee CEO."
}
{
    "_id": "JPM20232417",
    "title": "",
    "text": "other functions contribute control not defense Finance Human Resources Legal. identification risks adherence laws rules risk governance framework IRM."
}
{
    "_id": "JPM20232419",
    "title": "",
    "text": "LOBs Corporate own identification risks design execution controls IRM. Firm has risk identification framework identify risks. IRM function reviews challenges risks maintains repository provides Firmwide results to Firmwide Risk Committee Board Risk Committee."
}
{
    "_id": "JPM20232421",
    "title": "",
    "text": "Firm’s appetite risk governed by frameworks. approved by senior management Board Risk Committee. risks assessed capacity. results reported to Board Risk Committee."
}
{
    "_id": "JPM20232425",
    "title": "",
    "text": "independent IRM supported risk governance oversight senior management FRC Board Directors."
}
{
    "_id": "JPM20232426",
    "title": "",
    "text": "chart illustrates committees Board Directors risk governance oversight structure. committees forums channels oversight not Form 10-K."
}
{
    "_id": "JPM20232427",
    "title": "",
    "text": "Firm’s Operating Committee CEO CRO Chief Financial Officer General Counsel CEOs senior executives accountable refer matters Board Directors. Board information."
}
{
    "_id": "JPM20232429",
    "title": "",
    "text": "Firm’s Board Directors oversees business affairs. financial performance reviewing strategic objectives plans. oversight through committees independent members. Risk Committee risk. Audit Committee control Compensation Management Development Committee. oversees reputation conduct environmental social governance."
}
{
    "_id": "JPM20232430",
    "title": "",
    "text": "JPMorgan Chase Bank. Board Directors oversight management discharges acting committees. oversight JPMorgan"
}
{
    "_id": "JPM20232431",
    "title": "",
    "text": "Chase Bank. Board Risk Audit Committee Compensation Management Development Committee."
}
{
    "_id": "JPM20232432",
    "title": "",
    "text": "Board Risk Committee assists global risk management framework risks. responsibilities include approval risk policies review frameworks analysis reporting. Breaches risk parameters adverse impact capital liquidity issues matters Committee."
}
{
    "_id": "JPM20232433",
    "title": "",
    "text": "Audit Committee assists Board responsibility effective controls assets income financial statements compliance ethical standards policies plans procedures laws rules regulations. qualifications independence performance accounting firm Internal Audit function."
}
{
    "_id": "JPM20232435",
    "title": "",
    "text": "Compensation Management Development Committee assists Board compensation principles practices. reviews compensation benefits programs. reviews performance Operating Committee members approves compensation awards. CEO’s award directors. reviews succession executives. oversees culture updates conduct issues actions compensation actions."
}
{
    "_id": "JPM20232436",
    "title": "",
    "text": "Public Responsibility Committee reviews Firm positions community investment fair lending sustainability consumer practices values reputation. provides guidance management Board."
}
{
    "_id": "JPM20232437",
    "title": "",
    "text": "Corporate Governance Nominating Committee Board Directors. reviews qualifications recommends nominees election. evaluates corporate governance practices. performance self-evaluation."
}
{
    "_id": "JPM20232439",
    "title": "",
    "text": "senior committees risk functions"
}
{
    "_id": "JPM20232440",
    "title": "",
    "text": "Firmwide Risk Committee highest management-level. oversees risks business provides forum discussion members."
}
{
    "_id": "JPM20232441",
    "title": "",
    "text": "Firmwide Control Committee escalation senior management compliance risk issues metrics events."
}
{
    "_id": "JPM20232442",
    "title": "",
    "text": "Line Business Regional Risk Committees governance limits controls activities. review businesses adverse outcomes focus identifying accepting escalating requiring remediation matters."
}
{
    "_id": "JPM20232443",
    "title": "",
    "text": "Business Corporate Function Control Committees oversee risk control Operational Compliance Conduct Risks. risks compliance operational risk addressing issues emphasis processes control concerns remediation."
}
{
    "_id": "JPM20232444",
    "title": "",
    "text": "Asset Liability Committee asset management balance sheet liquidity interest rate capital risk."
}
{
    "_id": "JPM20232445",
    "title": "",
    "text": "Firmwide Valuation Governance Forum finance risk executives risks valuation."
}
{
    "_id": "JPM20232447",
    "title": "",
    "text": "Firm manages risk governance oversight. include drivers types impacts risk. Country Risk Management oversees risk driver multiple risk types."
}
{
    "_id": "JPM20232464",
    "title": "",
    "text": "sections discuss risk governance oversight. Strategic Capital Liquidity-109 Reputation Consumer-119 Wholesale-130 Investment Portfolio Market-143 Country Climate Operational Compliance Conduct Legal Estimations Model"
}
{
    "_id": "JPM20232468",
    "title": "",
    "text": "Strategic risk earnings capital liquidity reputation failed plans."
}
{
    "_id": "JPM20232470",
    "title": "",
    "text": "Operating Committee senior leadership LOB strategic risks. IRM engages reviews meetings risk control committees acquisitions. Board Directors decisions Board Risk Committee IRM risk governance."
}
{
    "_id": "JPM20232471",
    "title": "",
    "text": "plans initiatives LOB Corporate risks Firmwide Risk Identification appetite."
}
{
    "_id": "JPM20232472",
    "title": "",
    "text": "IRM LOB Corporate initiatives risk profile Firm."
}
{
    "_id": "JPM20232473",
    "title": "",
    "text": "Firm’s strategic planning initiatives risk. plan outlines framework initiatives includes budget risk appetite capital earnings-liability objectives. Business Principles Operating Committee senior management update strategic plan performance environment new strategies."
}
{
    "_id": "JPM20232474",
    "title": "",
    "text": "Firm’s strategic plan IRM’s assessment provided to Board reflected in budget."
}
{
    "_id": "JPM20232475",
    "title": "",
    "text": "Firm’s balance sheet strategy-adjusted returns capital liquidity strategic risk. Capital Risk Management 91-101. Liquidity 102–109. Reputation Risk 110."
}
{
    "_id": "JPM20232478",
    "title": "",
    "text": "Capital risk Firm insufficient capital business activities normal stressed conditions."
}
{
    "_id": "JPM20232479",
    "title": "",
    "text": "strong capital essential business strategy competitive position. balance sheet imperative Board Directors CEO Operating Committee. balance risk-adjusted returns strong capital robust liquidity. capital risk management strategy long stability businesses. Senior management considers implications capital decisions. evaluates sources capital capital strength."
}
{
    "_id": "JPM20232481",
    "title": "",
    "text": "Firm Capital Risk Management independent oversight."
}
{
    "_id": "JPM20232487",
    "title": "",
    "text": "Capital Risk responsibilities metrics limits indicators appetite processes breaches assessments capital management activities Contingency Capital Plan assessments regulatory capital framework compliance rules."
}
{
    "_id": "JPM20232489",
    "title": "",
    "text": "Treasury CIO."
}
{
    "_id": "JPM20232494",
    "title": "",
    "text": "objectives capital management capital build invest businesses economic cycles stressed environments flexibility future investment opportunities Parent strength subsidiaries above minimum capital ratios maintain “well-capitalized” status JPMorgan Chase Bank."
}
{
    "_id": "JPM20232497",
    "title": "",
    "text": "capital distribution objectives capital resources resolution period strategy."
}
{
    "_id": "JPM20232501",
    "title": "",
    "text": "Firm objectives capital requirements capital governance framework. consider regulatory capital requirements assessment capital adequacy cycles stress events flexibility events monitoring capital position escalation protocols."
}
{
    "_id": "JPM20232503",
    "title": "",
    "text": "Committees Governance Firmwide ALCO CIO Risk Committee. Board Risk Committee reviews capital risk tolerance. Firmwide Risk Management 86–89."
}
{
    "_id": "JPM20232506",
    "title": "",
    "text": "Federal Reserve requires Firm submit annually capital plan reviewed approved Board. uses Comprehensive Capital Analysis Review stress testing BHCs sufficient capital economic stress capital assessment planning processes risks losses stress. evaluates capital adequacy plans capital distributions dividend payments stock repurchases. uses results adverse Stress Capital Buffer requirement year."
}
{
    "_id": "JPM20232507",
    "title": "",
    "text": "SCB 2. 9% September 30 2024. CET1. 4% December 2023."
}
{
    "_id": "JPM20232508",
    "title": "",
    "text": "Capital actions 99 Board Directors."
}
{
    "_id": "JPM20232512",
    "title": "",
    "text": "Firm prepares ICAAP informs Board managing capital compliance planning adequacy. ICAAP integrates stress testing capital planning. Audit Committee planning."
}
{
    "_id": "JPM20232513",
    "title": "",
    "text": "Stress testing impact economic business scenarios earnings capital. scenarios defined across businesses. macroeconomic factors results market shocks losses operational risk events. capture vulnerabilities risks. management considers tailored stress scenarios sensitivity analyses."
}
{
    "_id": "JPM20232515",
    "title": "",
    "text": "Firm’s Contingency Capital Plan management framework principles stressed environments. defines targeted capital levels minimum capital requirements monitors capital distributions sets capital contingency actions capital depletion stress."
}
{
    "_id": "JPM20232517",
    "title": "",
    "text": "Federal Reserve capital requirements Firm. Office Comptroller Currency JPMorgan Chase Bank. U. S. capital requirements follow Capital Accord Basel Committee."
}
{
    "_id": "JPM20232519",
    "title": "",
    "text": "capital rules Basel III establish capital ratios standards. BHCs banks Firm JPMorgan Chase Bank. minimum regulatory capital determined RWA off exposures weighted risk. two approaches RWA standardized advanced."
}
{
    "_id": "JPM20232520",
    "title": "",
    "text": "risk-based capital ratios adequacy Standardized Advanced approaches regulatory requirements."
}
{
    "_id": "JPM20232521",
    "title": "",
    "text": "July 2023 Federal Reserve OCC FDIC proposal amend risk-based capital framework capital rule Amendments large banking trading activity. S. Basel III. changes Advanced approach expanded risk-based approach internal models RWA market risk. stress capital buffer requirement applicable expanded Standardized approach. capital requirements banks assets $100 billion more Firm U. S. GSIBs. effective date July 1, 2025 three-year transition expanded. estimated impact RWA 30% 25% increase CET1 capital ratio requirement. estimates reflect actions mitigate impact rule."
}
{
    "_id": "JPM20232522",
    "title": "",
    "text": "U. S. Basel III proposal Firm capital above levels CET1 target 13. 5% meaningful. quarterly capital ratios vary market conditions. Basel III new expanded risk approach constraint."
}
{
    "_id": "JPM20232523",
    "title": "",
    "text": "Basel III rules capital requirements credit market risk Advanced operational risk RWA. differences Standardized Advanced risk-sensitive approaches internal credit models Standardized supervisory risk-weightings counterparty type class. Market risk RWA calculated Basel III Standardized Advanced. Firm supplement amounts"
}
{
    "_id": "JPM20232525",
    "title": "",
    "text": "management regulators."
}
{
    "_id": "JPM20232526",
    "title": "",
    "text": "December 31, 2023 Advanced Total Capital ratio binding Basel III ratios Stress Capital Buffer. Standardized ratios binding Advanced."
}
{
    "_id": "JPM20232527",
    "title": "",
    "text": "Basel III Advanced Approaches Firm SLR. fourth quarter 2023 SLR binding Basel III Stress Capital Buffer requirement. GSIB surcharge 2024 expects ratios."
}
{
    "_id": "JPM20232528",
    "title": "",
    "text": "95 GSIB surcharge 98 SLR."
}
{
    "_id": "JPM20232531",
    "title": "",
    "text": "July 2023 Federal Reserve GSIB surcharge. Firm quarterly daily averaging. Surcharge increments reduced 50 10 bps amendments Method 2 calculation. amendments risk capital requirements Firm. GSIBs effective two quarters rule. Risk-based Capital Regulatory Requirements pages 94-95 GSIB surcharge."
}
{
    "_id": "JPM20232533",
    "title": "",
    "text": "August 2023 Federal Reserve FDIC OCC proposal long-term debt clean holding company requirements non-GSIB banks $100 billion assets. GSIBs proposal LTD maturities less two years. TLAC requirement. capital deduction framework non-GSIB banks."
}
{
    "_id": "JPM20232537",
    "title": "",
    "text": "chart presents Basel III CET1."
}
{
    "_id": "JPM20232538",
    "title": "",
    "text": "CET1 ratio. 5% risk assets."
}
{
    "_id": "JPM20232539",
    "title": "",
    "text": "banking organizations Firm additional conservation. GSIB surcharge countercyclical fixed 2. 5% Advanced variable SCB requirement 2. 5% Standardized."
}
{
    "_id": "JPM20232540",
    "title": "",
    "text": "Federal GSIB rule Firm GSIB surcharge two methods subject higher. reflects GSIB surcharge Basel calculated Financial Stability Board size activity interconnectedness complexity substitutability. modifies short-term wholesale funding introduces GSIB score “multiplication."
}
{
    "_id": "JPM20232545",
    "title": "",
    "text": "table presents Firm’s GSIB surcharge years 2024 2023 2022. Method 1. 2."
}
{
    "_id": "JPM20232546",
    "title": "",
    "text": "November 2023 FSB list December 31, 2022 Firm’s Method 1 GSIB surcharge 2. 5% effective January 1, 2025."
}
{
    "_id": "JPM20232547",
    "title": "",
    "text": "Method 2 surcharge December 2021 4. 5%. effective January 1 2024. December 31, 2022 4. 5%. 5% January 1 2024."
}
{
    "_id": "JPM20232548",
    "title": "",
    "text": "U. capital standards countercyclical capital buffer banks. December 31, 2023. capital buffer 0%. Federal Reserve annually. if Federal Reserve FDIC OCC risks above normal. 5% RWA 12-month."
}
{
    "_id": "JPM20232549",
    "title": "",
    "text": "maintain capital equal risk-based minimum conservation buffer GSIB surcharge countercyclical buffer Firm dividends common share repurchases bonus payments."
}
{
    "_id": "JPM20232551",
    "title": "",
    "text": "Federal rule requires. GSIB maintain TLAC LTD. TLAC page 100."
}
{
    "_id": "JPM20232554",
    "title": "",
    "text": "Banking organizations Basel III minimum SLR 3. 0%. 2. 0% leverage buffer. Tier 1 capital Basel III divided total leverage exposure. calculated assets off-balance sheet exposures. SLR page 98."
}
{
    "_id": "JPM20232555",
    "title": "",
    "text": "Failure maintain SLR equal regulatory requirement limitations capital dividends repurchases bonus payments officers."
}
{
    "_id": "JPM20232557",
    "title": "",
    "text": "capital Basel III Firm JPMorgan Chase Bank. maintain capital leverage ratios Federal Reserve FDIC Improvement Act. Note 27."
}
{
    "_id": "JPM20232558",
    "title": "",
    "text": "capital ratios. federal capital standards Note 27. Pillar 3 Regulatory Capital Disclosures reports website capital measures."
}
{
    "_id": "JPM20232572",
    "title": "",
    "text": "tables present risk capital metrics Basel III Standardized Advanced approaches. Note 27 JPMorgan Chase Bank. First Republic Bank not subject Advanced regulatory capital requirements. exposures First Republic acquisition impact Total capital calculated Standardized approach U. S. capital rules. Note 34 information First Republic acquisition. millions 31, 2022 ratio requirements metrics capital Tier 1 capital Total capital,417 Risk-weighted assets,538 capital ratio. Tier 1 capital ratio. Total capital ratio.. 5"
}
{
    "_id": "JPM20232573",
    "title": "",
    "text": "capital metrics CECL. Note 27."
}
{
    "_id": "JPM20232574",
    "title": "",
    "text": "regulatory buffers 2023. Basel III Standardized CET1 capital ratio 12. 13. 5% 15. 5% Basel III Advanced 10. 5% 12. 14. 0%. Note 27."
}
{
    "_id": "JPM20232581",
    "title": "",
    "text": "First Republic Standardized approach. capital rules. months 31, 31, 2022 ratio requirements Leverage capital metrics Adjusted assets,831,200,703 Tier 1 leverage ratio. Total leverage exposure,465,367."
}
{
    "_id": "JPM20232582",
    "title": "",
    "text": "capital metrics CECL. Note 27."
}
{
    "_id": "JPM20232583",
    "title": "",
    "text": "assets leverage ratios quarterly deduction Tier 1 capital goodwill equity intangible assets."
}
{
    "_id": "JPM20232584",
    "title": "",
    "text": "requirements regulatory buffers. Note 27."
}
{
    "_id": "JPM20232609",
    "title": "",
    "text": "table stockholders’ equity Basel III CET1 Tier 1 capital December 2023 2022. 2022 equity Preferred stock equity deferred tax liabilities capital adjustments,221 Goodwill intangible assets capital Preferred stock Tier 1 adjustments Tier 1 capital,306 Long debt instruments Tier 2 capital,779,569 credit losses,353 Tier 2 capital,191 capital,497 Adjustment allowance credit losses Tier 2 capital,417"
}
{
    "_id": "JPM20232610",
    "title": "",
    "text": "deferred tax liabilities goodwill intangibles nontaxable CET1 capital."
}
{
    "_id": "JPM20232611",
    "title": "",
    "text": "December 2023 2022 cash adjustments $4. billion $5. 2 billion CECL $1. $2. 2 billion."
}
{
    "_id": "JPM20232612",
    "title": "",
    "text": "deducted capital equity nonconsolidated. page 134 investment risk."
}
{
    "_id": "JPM20232613",
    "title": "",
    "text": "credit losses Tier 2 capital. 25% credit risk CECL capital transition excess. Note 27 CECL."
}
{
    "_id": "JPM20232614",
    "title": "",
    "text": "adjustment losses excess reserves. 6% risk impact CECL capital transition excess deducted."
}
{
    "_id": "JPM20232615",
    "title": "",
    "text": "$655 million credit losses First Republic Standardized permitted transition. capital rules."
}
{
    "_id": "JPM20232651",
    "title": "",
    "text": "table Basel III CET1 Tier 1 2023.December 31, millions CET1 capital 2022 Net income common equity,051 Dividends common stock,055) purchase treasury stock(8,881) paid-in capital AOCI Unrealized gains investment securities,381 Translation adjustments hedges Fair value hedges benefit pension postretirement benefit plans capital adjustments Standardized CET1 capital,651,651 Redemptions preferred stock Standardized Tier 1 capital,675,306 Tier 2,138 long debt instruments Tier 2 allowance credit losses Standardized Tier 2 capital(947),191,497 Advanced Tier 2 capital,952 long-term debt allowance credit losses Advanced Tier 2 capital,111,417"
}
{
    "_id": "JPM20232652",
    "title": "",
    "text": "currency impact derivatives."
}
{
    "_id": "JPM20232653",
    "title": "",
    "text": "CECL capital transition accounting principles. Note 27 CECL."
}
{
    "_id": "JPM20232654",
    "title": "",
    "text": "$655 million credit losses First Republic Standardized approach permitted. capital rules."
}
{
    "_id": "JPM20232665",
    "title": "",
    "text": "table presents changes RWA Basel III December 2023. amounts categories estimates predominant driver. Year 2023 millions risk December 31, 2022,536,002,538,078,076,432,265,773 Model data changes(4,883),196) Movement portfolio levels,339,364,498,579 Changes RWA,315,457,185,383 December 31, 2023,851,144,995,155,261,603,292,156"
}
{
    "_id": "JPM20232666",
    "title": "",
    "text": "changes material movements RWA revised methodologies rule changes."
}
{
    "_id": "JPM20232667",
    "title": "",
    "text": "portfolio Credit risk book size First Republic acquisition shared-loss agreements position roll-offs Home Lending credit quality market movements deductions losses Market risk position market regulatory multiplier Operational risk cumulative losses macroeconomic model inputs."
}
{
    "_id": "JPM20232668",
    "title": "",
    "text": "December 2023 2022 Basel III $208. 5 $210. billion Basel III $188. 5 $180. 8 billion."
}
{
    "_id": "JPM20232669",
    "title": "",
    "text": "December 31, 2023 Credit risk. 4 billion RWA First Republic. capital rules."
}
{
    "_id": "JPM20232670",
    "title": "",
    "text": "Firm’s Pillar 3 Capital Disclosures website Credit Market Operational."
}
{
    "_id": "JPM20232680",
    "title": "",
    "text": "table SLR. months 2022 Tier 1 capital,306 assets,885,755,271 Regulatory capital adjustments,398,831,703,873 Off-balance sheet exposures,219 leverage exposure,465,367,092."
}
{
    "_id": "JPM20232681",
    "title": "",
    "text": "SLR quarterly assets deduction Tier 1 capital goodwill equity intangible assets CECL capital transition. Note 27 CECL."
}
{
    "_id": "JPM20232682",
    "title": "",
    "text": "Tier 1 leverage ratio."
}
{
    "_id": "JPM20232683",
    "title": "",
    "text": "-balance exposures three-end balances exposures. Pillar 3 Regulatory Capital Disclosures."
}
{
    "_id": "JPM20232685",
    "title": "",
    "text": "business segment allocated capital peers regulatory capital requirements. ROE measured targets established performance."
}
{
    "_id": "JPM20232686",
    "title": "",
    "text": "Basel RWA GSIB surcharge"
}
{
    "_id": "JPM20232687",
    "title": "",
    "text": "rules simulation capital severe stress. annually assumptions judgments methodologies capital LOBs change. January 1, 2024 changes capital allocations capital requirements changes RWA LOB. capital accumulated U. S. Basel III proposal retained Corporate."
}
{
    "_id": "JPM20232697",
    "title": "",
    "text": "table presents capital business segment. business equity 31, billions 1 Consumer Community Banking. Corporate Investment Bank. Commercial Banking. Asset Wealth Management. Corporate common stockholders’ equity."
}
{
    "_id": "JPM20232698",
    "title": "",
    "text": "First Republic."
}
{
    "_id": "JPM20232702",
    "title": "",
    "text": "Firm’s common stock dividends Capital Management."
}
{
    "_id": "JPM20232703",
    "title": "",
    "text": "quarterly dividend $1. 05 per share. Board Directors."
}
{
    "_id": "JPM20232704",
    "title": "",
    "text": "26 dividend restrictions."
}
{
    "_id": "JPM20232707",
    "title": "",
    "text": "table shows dividend payout ratio net income common equity. December"
}
{
    "_id": "JPM20232709",
    "title": "",
    "text": "May 1 2022 Firm purchase $30 billion share repurchase April."
}
{
    "_id": "JPM20232713",
    "title": "",
    "text": "table Firm’s repurchases common stock 2023 2022 2021. millions Total shares repurchased. purchase price#9,898,122,448"
}
{
    "_id": "JPM20232714",
    "title": "",
    "text": "commissions. Inflation Reduction Act 1% excise tax 2023."
}
{
    "_id": "JPM20232715",
    "title": "",
    "text": "2022 Firm suspended repurchases resumed first quarter 2023."
}
{
    "_id": "JPM20232716",
    "title": "",
    "text": "Federal Reserve repurchases dividends quarter 2021 restricted exceed income four quarters. July 1 2021 capital restrictions regulatory framework."
}
{
    "_id": "JPM20232717",
    "title": "",
    "text": "Board Directors’ authorization repurchase shares discretion timing amount subject to factors market conditions legal regulatory considerations Firm’s capital position internal capital generation future capital requirements alternative investment opportunities. $30 billion common share repurchase program price targets timetables. suspended executed through open market purchases privately negotiated transactions Rule 10b5-1 plans trading blackout periods."
}
{
    "_id": "JPM20232718",
    "title": "",
    "text": "Part II Item 5 Equity Purchases 35 2023 Form 10-K equity securities."
}
{
    "_id": "JPM20232719",
    "title": "",
    "text": "capital planning 91."
}
{
    "_id": "JPM20232721",
    "title": "",
    "text": "dividends $1. billion 2023. billion 2022 2021."
}
{
    "_id": "JPM20232722",
    "title": "",
    "text": "Note 21 preferred stock issuance redemption."
}
{
    "_id": "JPM20232724",
    "title": "",
    "text": "Long-term page 108 Note 20 debt."
}
{
    "_id": "JPM20232729",
    "title": "",
    "text": "Federal TLAC rule requires. GSIB TLAC long-term debt."
}
{
    "_id": "JPM20232730",
    "title": "",
    "text": "TLAC minimum long-term debt"
}
{
    "_id": "JPM20232731",
    "title": "",
    "text": "Standardized Advanced regulatory capital ratio."
}
{
    "_id": "JPM20232732",
    "title": "",
    "text": "maintain TLAC equal regulatory minimum buffers limitations capital Firm dividends repurchases bonus payments officers."
}
{
    "_id": "JPM20232742",
    "title": "",
    "text": "table presents eligible TLAC LTD amounts percentage Firm’s total RWA leverage exposure CECL capital transition provisions December 31, 2023 2022. 31, 2022 billions except ratio Total eligible amount.#222. % RWA. Regulatory requirements. Surplus/(shortfall)#129. % total leverage exposure. Regulatory requirements. Surplus/(shortfall).#18."
}
{
    "_id": "JPM20232743",
    "title": "",
    "text": "January 1 2023 requirements TLAC LTD 50 23. GSIB. Risk-based Capital Regulatory Requirements 94–95 GSIB surcharge."
}
{
    "_id": "JPM20232744",
    "title": "",
    "text": "Liquidity Management pages long-term debt."
}
{
    "_id": "JPM20232745",
    "title": "",
    "text": "Part I Risk pages 9-33 2023 Form 10-K debt securities."
}
{
    "_id": "JPM20232749",
    "title": "",
    "text": "JPMorgan. J. P. Morgan Securities. Rule 15c3-1 Securities Exchange Act 1934. futures merchant SEC Commodity Futures Commission Financial Industry Regulatory Authority National Futures Association."
}
{
    "_id": "JPM20232750",
    "title": "",
    "text": ". Morgan Securities compute minimum capital requirements Capital Rule."
}
{
    "_id": "JPM20232754",
    "title": "",
    "text": "table. Morgan capital December 31, 2023,865,346"
}
{
    "_id": "JPM20232755",
    "title": "",
    "text": "J. P. Morgan Securities registered SEC CFTC. SEC CFTC requirements. subject minimum capital net $5. billion. SEC CFTC net capital less $6. 0 billion. Tentative capital before credit risk charges Rule. December 31, 2023. maintained net capital minimum requirements."
}
{
    "_id": "JPM20232758",
    "title": "",
    "text": "J. P Morgan Securities subsidiary JPMorgan Chase Bank. banking investment broker-dealer activities. regulated. Prudential Regulation Authority Financial Conduct Authority. subject European Union Capital Requirements Regulation. PRA capital rules Basel III."
}
{
    "_id": "JPM20232759",
    "title": "",
    "text": "Bank England requires. banks. funds liabilities. December 2023. Morgan Securities compliant MREL."
}
{
    "_id": "JPM20232760",
    "title": "",
    "text": "2023. Morgan Securities Tier 1 leverage. 25% buffers."
}
{
    "_id": "JPM20232768",
    "title": "",
    "text": "table presents. Morgan Securities risk leverage capital metrics December 31, ratios Total capital. Tier 1. Tier 1 leverage ratio."
}
{
    "_id": "JPM20232769",
    "title": "",
    "text": "Pillar 1. Morgan Securities capital ratios December 31, 2023 additional."
}
{
    "_id": "JPM20232770",
    "title": "",
    "text": "75% Tier 1 CET1."
}
{
    "_id": "JPM20232772",
    "title": "",
    "text": "JPMSE subsidiary JPMorgan Chase Bank. European Central Bank local regulators subject EU capital requirements Basel III."
}
{
    "_id": "JPM20232773",
    "title": "",
    "text": "JPMSE Resolution MREL. 2023 compliant MREL."
}
{
    "_id": "JPM20232781",
    "title": "",
    "text": "table risk leverage capital metrics December 31, millions Total capital,158. Tier 1. leverage ratio."
}
{
    "_id": "JPM20232782",
    "title": "",
    "text": "Pillar 1. Morgan capital leverage ratios December 31, 2023 additional."
}
{
    "_id": "JPM20232786",
    "title": "",
    "text": "Liquidity risk Firm meet cash collateral needs appropriate funding liquidity assets liabilities."
}
{
    "_id": "JPM20232794",
    "title": "",
    "text": "Firm Liquidity Risk Management function oversight liquidity risk. responsibilities monitoring risk metrics establishing limits indicators process breaches review processes liquidity stress tests regulatory metrics liquidity positions balance sheet variances funding activities liquidity stress assumptions."
}
{
    "_id": "JPM20232796",
    "title": "",
    "text": "Treasury CIO."
}
{
    "_id": "JPM20232799",
    "title": "",
    "text": "objectives liquidity management businesses entities client needs meet financial obligations cycles stress events optimal funding liquidity sources."
}
{
    "_id": "JPM20232806",
    "title": "",
    "text": "Firm objectives liquidity assets liabilities entities currencies operational restrictions liquidity stress testing assumptions liquidity strategies policies funding plans liquidity risk compliance regulatory requirements funding liquidity FTP liquidity balance liabilities off-balance sheet items."
}
{
    "_id": "JPM20232811",
    "title": "",
    "text": "liquidity management strategy manages liquidity funding liquidity sources uses exposures constraints transfer entities surplus liquidity Firmwide legal entity."
}
{
    "_id": "JPM20232813",
    "title": "",
    "text": "Committees liquidity Firmwide regional Treasurer CTC Risk Committee. Board Risk Committee liquidity risk strategy policy. Firmwide Risk Management pages 86–89."
}
{
    "_id": "JPM20232820",
    "title": "",
    "text": "Firm conducts internal liquidity stress testing entities liquidity adverse scenarios resolution recovery planning. Internal stress tests market events. assume contractual financial obligations access unsecured secured funding markets non cash outflows rating downgrades haircuts impediments liquidity regulatory legal restrictions."
}
{
    "_id": "JPM20232821",
    "title": "",
    "text": "Liquidity outflows idiosyncratic stresses."
}
{
    "_id": "JPM20232822",
    "title": "",
    "text": "stress tests funding plan liquidity position. Parent Company funding equity debt JPMorgan Chase Holdings LLC provides operations. Firm maintains liquidity Parent Company IHC subsidiaries risk tolerances minimum requirements"
}
{
    "_id": "JPM20232824",
    "title": "",
    "text": "periods stress disrupted."
}
{
    "_id": "JPM20232826",
    "title": "",
    "text": "Firm’s Contingency Funding Plan strategies liquidity stress risk limits appetite tolerances. identifies alternative funding liquidity resources."
}
{
    "_id": "JPM20232828",
    "title": "",
    "text": "LCR rule requires Firm JPMorgan Chase Bank. maintain eligible HQLA cash outflows 30 period stress. Eligible HQLA unencumbered operational considerations. cash-quality liquid securities."
}
{
    "_id": "JPM20232829",
    "title": "",
    "text": "LCR rule HQLA JPMorgan Chase Bank. 100% LCR requirement not transferable HQLA."
}
{
    "_id": "JPM20232830",
    "title": "",
    "text": "net cash outflows rates LCR rule applied assets obligations. LCR Firm JPMorgan Chase Bank. 100%."
}
{
    "_id": "JPM20232844",
    "title": "",
    "text": "table summarizes Firm JPMorgan Chase Bank. average LCR December 31, 2023 2022 LCR framework. Average amount millions 31, 2022 JPMorgan Chase. Eligible cash,263 Eligible securities,201 Total,628,365 Net cash outflows,668 Net excess,771,697,468 Chase Bank. Net excess HQLA,190,096"
}
{
    "_id": "JPM20232845",
    "title": "",
    "text": "cash central Federal Reserve."
}
{
    "_id": "JPM20232846",
    "title": "",
    "text": "securities borrowed purchased resale balance sheets. calculating LCR securities included fair value differ accounting. GAAP."
}
{
    "_id": "JPM20232847",
    "title": "",
    "text": ". Treasuries. sovereign bonds haircuts LCR."
}
{
    "_id": "JPM20232848",
    "title": "",
    "text": "HQLA JPMorgan Chase Bank. non-bank."
}
{
    "_id": "JPM20232849",
    "title": "",
    "text": "JPMorgan Chase Bank. LCR December 2023 September CIB loan growth."
}
{
    "_id": "JPM20232850",
    "title": "",
    "text": "JPMorgan Chase Bank. average LCR 2023 decreased 2022. reduction cash decline deposits loan growth impact First Republic lower values securities. offset CIB markets activities."
}
{
    "_id": "JPM20232851",
    "title": "",
    "text": "Note 10 34 First Republic acquisition."
}
{
    "_id": "JPM20232854",
    "title": "",
    "text": "Federal Reserve impacted depositor behavior reductions deposits including Firm. JPMorgan Chase Bank. LCR fluctuate changes HQLA net cash outflows business activity Federal Reserve. Firm’s. LCR Disclosure reports."
}
{
    "_id": "JPM20232856",
    "title": "",
    "text": "HQLA unencumbered securities liquidity. excess HQLA securities JPMorgan Chase Bank. not transferable non-bank affiliates. value $649 billion $694 billion December 2023 2022 liquidity market conditions. decrease securities JPMorgan Chase Bank. offset increase unencumbered AFS securities."
}
{
    "_id": "JPM20232857",
    "title": "",
    "text": "2022 Firm $1. trillion cash securities $798. billion $735. billion unencumbered securities $649 $694 billion."
}
{
    "_id": "JPM20232858",
    "title": "",
    "text": "Firm had borrowing capacity Federal Home Loan Banks Reserve collateral pledged $340 billion $323 billion as December 31, 2023 2022. excludes cash securities pledged Federal Reserve. borrowing capacity increased December 31, 2022 wholesale loans Federal Reserve Banks. primary liquidity."
}
{
    "_id": "JPM20232860",
    "title": "",
    "text": "net stable funding ratio liquidity requirement large banking stable funding amounts one-year."
}
{
    "_id": "JPM20232861",
    "title": "",
    "text": "three months 2023 Firm JPMorgan Chase Bank. 100% NSFR. Firm NSFR Disclosure report December September 30, 2023."
}
{
    "_id": "JPM20232865",
    "title": "",
    "text": "believes unsecured secured funding capacity obligations cash requirements."
}
{
    "_id": "JPM20232866",
    "title": "",
    "text": "Firm funds deposits secured unsecured capital markets stockholders’ equity. Deposits primary JPMorgan Chase Bank. secured borrowings unsecured"
}
{
    "_id": "JPM20232867",
    "title": "",
    "text": "IHC. non-bank subsidiaries funded unsecured secured securities loaned sold repurchase. Excess funding invested Treasury CIO deployed cash investments."
}
{
    "_id": "JPM20232868",
    "title": "",
    "text": "Note 28 obligations."
}
{
    "_id": "JPM20232878",
    "title": "",
    "text": "table summarizes deposit balances 2023 2022. millions Consumer Community Banking,738,131,611,552 Corporate Investment Bank,638,700 Commercial Banking,254,342,180 Asset Wealth Management,232,178 Corporate,203,042 Total,400,688,179,067,467,915"
}
{
    "_id": "JPM20232879",
    "title": "",
    "text": "Firm believes deposits stable funding reduce reliance wholesale. deposits consumer wholesale stable sources liquidity. Wholesale deposits generated from customers relationships."
}
{
    "_id": "JPM20232880",
    "title": "",
    "text": "Firm believes average trends-end. market disruption trends impacted."
}
{
    "_id": "JPM20232885",
    "title": "",
    "text": "deposits lower 2023 2022 balances AWM migration higher-yielding investments higher interest rate offset growth product offerings First Republic decline CCB higher spending offset First Republic decrease CB deposit attrition higher offset inflows disruptions quarter 2023 decline CIB deposit attrition offset"
}
{
    "_id": "JPM20232887",
    "title": "",
    "text": "issuances notes client demand Corporate initiatives."
}
{
    "_id": "JPM20232893",
    "title": "",
    "text": "-end deposits increased December 2022 balances CIB structured notes inflows Payments Securities Services offset deposit attrition Corporate international initiatives balances CCB higher customer spending decline AWM higher investments offset growth product offerings decrease CB deposit attrition investments offset retention inflows disruptions first quarter 2023."
}
{
    "_id": "JPM20232894",
    "title": "",
    "text": "increase $61 billion First Republic AWM."
}
{
    "_id": "JPM20232897",
    "title": "",
    "text": "Business Note 34 First Republic acquisition."
}
{
    "_id": "JPM20232898",
    "title": "",
    "text": "Balance Sheets Business Segment Results pages 65–85 deposit liability trends. Note 3."
}
{
    "_id": "JPM20232899",
    "title": "",
    "text": "deposits stability LCR. Federal U. S. depository institution. December 2023 2022 Firmwide uninsured deposits $1,331. 9 billion $1,383. 7 billion wholesale deposits."
}
{
    "_id": "JPM20232907",
    "title": "",
    "text": "uninsured deposits include time. table uninsured. non. time deposits remaining maturities. estimates. based FDIC regulations. non. time deposits uninsured. 31, 2023 31, 2022. Three months,719,466,765 three 6 months,736,358,658 six 12 months,294 12 months Total,459,187,005"
}
{
    "_id": "JPM20232914",
    "title": "",
    "text": "table shows loan deposit balances-to ratios liabilities December 2023 2022. billions Deposits,400. % liabilities Loans,323.,135. Loans-to-deposits ratio"
}
{
    "_id": "JPM20232933",
    "title": "",
    "text": "table average balances interest rates JPMorgan Chase’s deposits 2023 2022 2021. balances interest millions. Noninterest-bearing#691,206,170 Interest Demand,725####322,122. Savings,558####971,788####930,866.####62,022,628. Total interest-bearing deposits,110,358,322,301,616. deposits. offices,901,049,528####1,949,786. Non-U. Noninterest-bearing,747,043,315 Interest Demand####324,740####313,304.,443,604,749.interest-bearing deposits,419,344,053. 37. deposits non.,166,387,368. 18. deposits,359,067,467,915,154."
}
{
    "_id": "JPM20232934",
    "title": "",
    "text": "Negotiable Withdrawal trust."
}
{
    "_id": "JPM20232935",
    "title": "",
    "text": "Accounts."
}
{
    "_id": "JPM20232936",
    "title": "",
    "text": "Note 17."
}
{
    "_id": "JPM20232961",
    "title": "",
    "text": "table funding December 2023 2022 balances. Consolidated Balance Sheets Analysis 58–60 Note 11.Sources funds December 31, millions Commercial paper,737,557,675,151 borrowed funds Federal funds purchased short-term unsecured funding,724,659,141 Securities sold,382,192 Securities loaned borrowed funds,775,211 Obligations,387 short secured funding,304,217,793 Senior notes,047 debt,803 Structured notes,656 long-term unsecured funding,966,667 Credit card securitization,998,999 FHLB advances,093,103 Purchase Money Note long-term secured funding,105,837 funding#97,857,197,890 Preferred stock,404 stockholders’ equity,474#264,928"
}
{
    "_id": "JPM20232962",
    "title": "",
    "text": "short-term securities loaned."
}
{
    "_id": "JPM20232963",
    "title": "",
    "text": "beneficial interests entities sheets."
}
{
    "_id": "JPM20232964",
    "title": "",
    "text": "TLAC unsecured debt."
}
{
    "_id": "JPM20232965",
    "title": "",
    "text": "Purchase First Republic 1 2023. Note 34."
}
{
    "_id": "JPM20232966",
    "title": "",
    "text": "long-term secured."
}
{
    "_id": "JPM20232967",
    "title": "",
    "text": "Capital Risk Management 91 equity 169 21 22 preferred stock equity."
}
{
    "_id": "JPM20232968",
    "title": "",
    "text": "December 2023 $500 million. billion First Republic. Note 34."
}
{
    "_id": "JPM20232970",
    "title": "",
    "text": "funding securities loaned sold repurchase. secured high-quality debt. GSE MBS. Securities sold increased December 31, 2023 lower netting repurchase."
}
{
    "_id": "JPM20232971",
    "title": "",
    "text": "balances securities loaned sold fluctuate due to investment financing activities Firm’s demand financing management liabilities financing factors."
}
{
    "_id": "JPM20232972",
    "title": "",
    "text": "unsecured wholesale paper borrowed funds."
}
{
    "_id": "JPM20232973",
    "title": "",
    "text": "increase commercial paper average balances December 2023 net issuance short-term liquidity management."
}
{
    "_id": "JPM20232974",
    "title": "",
    "text": "decrease secured funds December 2023 lower financing Markets."
}
{
    "_id": "JPM20232978",
    "title": "",
    "text": "Long-term funding liquidity Firm. driven client activity liquidity regulatory requirements. objectives diversification market access costs. markets tenors currencies."
}
{
    "_id": "JPM20232979",
    "title": "",
    "text": "majority Firm’s debt issued Parent Company-bank subsidiaries. Parent Company advances funding IHC. IHC issue debt external counterparties. December 2023 increase structured notes issuances client demand fair value."
}
{
    "_id": "JPM20232995",
    "title": "",
    "text": "table summarizes long-term unsecured issuance maturities 2023 2022. Note 20 IHC long-term debt. unsecured funding millions Senior notes U. S.,256 non-U. markets notes,397,352 Subordinated debt Structured notes,281 long-term unsecured funding,410,387,031 Maturities Senior notes,483 debt Structured notes unsecured funding maturities,105,294"
}
{
    "_id": "JPM20232996",
    "title": "",
    "text": "TLAC unsecured debt."
}
{
    "_id": "JPM20233005",
    "title": "",
    "text": "Firm funding credit loans FHLB advances. table summarizes securitization FHLB advances maturities 2023 2022. FHLB advances Purchase Money Note First Republic. Note 34.-term secured funding December Credit card securitization FHLB advances,775 Purchase Money Note-term funding funding"
}
{
    "_id": "JPM20233006",
    "title": "",
    "text": "Purchase Note First Republic. Note 34."
}
{
    "_id": "JPM20233007",
    "title": "",
    "text": "long-term secured."
}
{
    "_id": "JPM20233008",
    "title": "",
    "text": "Firm’s wholesale businesses securitize loans client not funding included table. Note 14 securitizations."
}
{
    "_id": "JPM20233011",
    "title": "",
    "text": "cost availability financing influenced by credit ratings. Reductions access liquidity increase cost trigger collateral decrease investors. impact contractual behavioral factors"
}
{
    "_id": "JPM20233012",
    "title": "",
    "text": "believes liquidity risk stress metrics."
}
{
    "_id": "JPM20233013",
    "title": "",
    "text": "liquidity decrease funding ratings."
}
{
    "_id": "JPM20233014",
    "title": "",
    "text": "funding VIEs third-party commitments credit ratings. Note 5 14."
}
{
    "_id": "JPM20233020",
    "title": "",
    "text": "credit ratings Parent Company principal bank non subsidiaries December 31, 2023 Chase Co. Chase Bank. P. Morgan Securities. Morgan Securities. December 31, 2023-term issuer-term Moody’s Investors Service Standard & Poor’s Fitch Ratings+"
}
{
    "_id": "JPM20233021",
    "title": "",
    "text": "March 2023 Standard Poor's Parent Company subsidiaries revised outlook."
}
{
    "_id": "JPM20233022",
    "title": "",
    "text": "November 2023 revised subsidiary negative. sovereign outlook."
}
{
    "_id": "JPM20233023",
    "title": "",
    "text": "JPMorgan unsecured debt acceleration maturities limitations borrowings collateral credit ratings financial ratios earnings stock price."
}
{
    "_id": "JPM20233024",
    "title": "",
    "text": "credit ratings earnings capital liquidity credit quality risk diverse funding sources. agencies evaluate economic trends regulatory developments profitability risk methodologies. Changes ratings."
}
{
    "_id": "JPM20233027",
    "title": "",
    "text": "Reputation risk integrity reduce confidence competence clients counterparties customers investors regulators employees."
}
{
    "_id": "JPM20233028",
    "title": "",
    "text": "reputation risk introduced employees business strategies clients customers counterparties. financial losses regulatory fines penalties sanctions harm Firm."
}
{
    "_id": "JPM20233030",
    "title": "",
    "text": "Reputation Risk Management governance risk LOBs. challenging identify manage quantify."
}
{
    "_id": "JPM20233033",
    "title": "",
    "text": "Firm’s reputation risk management Firmwide Risk Governance policy standard consistent oversight identification escalation risk issues"
}
{
    "_id": "JPM20233035",
    "title": "",
    "text": "Reputation Risk Governance policy principles managing risk Firm. responsibility LOB Corporate employees consider reputation new product jurisdiction business process. Environmental impacts social concerns risk governance."
}
{
    "_id": "JPM20233038",
    "title": "",
    "text": "Credit investment risk default credit profile loss principal reduction returns consumer wholesale investment portfolio."
}
{
    "_id": "JPM20233040",
    "title": "",
    "text": "Credit risk default credit profile client customer. Firm provides credit corporate consumers small businesses. consumer exposed risk home lending credit card auto business banking. wholesale businesses underwriting lending market-making hedging operating services securities financing. investment securities portfolio cash banks."
}
{
    "_id": "JPM20233047",
    "title": "",
    "text": "Credit Risk Management monitors manages risk defines policies procedures. policy framework managing risk portfolio segments industry geographic limits underwriting guidelines approval authorities criticized exposures delinquent loans losses capital management"
}
{
    "_id": "JPM20233049",
    "title": "",
    "text": "credit risk Firm employs methodologies obligor counterparty default. vary factors type. consumer risk measurement parameters. delinquency status risk management collection processes. retail. risk based probability default loss severity exposure default."
}
{
    "_id": "JPM20233050",
    "title": "",
    "text": "factors methodology estimates Note 13 10 Firm estimates credit losses. loan losses consumer wholesale portfolios lending-related commitments investment securities. Note 13, 10 Critical Accounting Estimates pages 155–158."
}
{
    "_id": "JPM20233051",
    "title": "",
    "text": "potential credit losses risk capital volatility loan lending commitments. analyses include stress testing alternative scenarios."
}
{
    "_id": "JPM20233053",
    "title": "",
    "text": "Stress testing credit risk Firm’s portfolio. impact economic business scenarios credit losses. scenarios defined centrally macroeconomic applied businesses. results indicate credit migration delinquency potential losses. management considers additional industry country- specific. Firm stress testing risk impact stress counterparties."
}
{
    "_id": "JPM20233057",
    "title": "",
    "text": "Firm developed policies extending credit transaction portfolio. policy framework establishes approval authorities concentration limits risk-rating methodologies portfolio review distressed exposures. models assumptions inputs validated groups separate LOBs."
}
{
    "_id": "JPM20233058",
    "title": "",
    "text": "Consumer credit risk monitored delinquency trends portfolio policies guidelines. evaluates delinquency against business expectations economic conditions industry benchmarks. performance trends credit losses credit risk profile."
}
{
    "_id": "JPM20233059",
    "title": "",
    "text": "credit risk monitored portfolio industry client counterparty limits reviewed revised management. counterparty limits stress loss constraints."
}
{
    "_id": "JPM20233066",
    "title": "",
    "text": "wholesale credit risk underwriting syndications sales securitizations derivatives netting agreements risk-reduction techniques"
}
{
    "_id": "JPM20233069",
    "title": "",
    "text": "Credit Risk independent Credit Review risk grades wholesale credit portfolio changes credit management processes LOBs Corporate credit analyses risk grading monitoring credit compliance grading policies underwriting guidelines."
}
{
    "_id": "JPM20233070",
    "title": "",
    "text": "Note 12 loans."
}
{
    "_id": "JPM20233072",
    "title": "",
    "text": "credit risk decision-making credit exposure forecasts concentration risk profile reported members Credit Risk Management. portfolio reporting credit losses reviewed quarterly. risk trends exceptions risk committees senior management Board Directors."
}
{
    "_id": "JPM20233075",
    "title": "",
    "text": "Credit risk default credit profile client."
}
{
    "_id": "JPM20233076",
    "title": "",
    "text": "tables loans include retained.-sale fair value. include Firm fair value trading assets Notes 2 3. Notes 12 28, 5 information loans commitments receivables accounting policies."
}
{
    "_id": "JPM20233077",
    "title": "",
    "text": "Note 10 risk investment securities 11 securities financing portfolio. Consumer Credit Portfolio pages 114–119 Note 12. Wholesale Credit Portfolio pages 120–130 Note 12."
}
{
    "_id": "JPM20233096",
    "title": "",
    "text": "January 1, 2023 Firm adopted TDR accounting guidance eliminated requirements. guidance requires loan modifications borrowers principal forgiveness interest rate reduction payment delay term extension. financial difficulty modifications (\"FDMs\"). elimination loans FDMs differs TDRs. Note 1 Note 12.credit portfolio December 31, millions exposure Loans retained,870,598 Loans-sale fair value Total loans,323,135,647 Derivative receivables,880 Receivables customers,257 credit assets,784,281,016 acquired loan Real estate assets loan Lending-related commitments,326,782 credit portfolio,924,042,566 Credit derivatives notes Liquid securities cash collateral derivatives,461"
}
{
    "_id": "JPM20233097",
    "title": "",
    "text": "Receivables loans CIB CCB AWM interest receivable balance sheets."
}
{
    "_id": "JPM20233098",
    "title": "",
    "text": "Represents net protection purchased sold notes."
}
{
    "_id": "JPM20233099",
    "title": "",
    "text": "First Republic. billion Consumer $90. billion Wholesale."
}
{
    "_id": "JPM20233100",
    "title": "",
    "text": "December 2023 2022 nonperforming assets excluded mortgage loans 90 insured. $182 million $302 million. government guarantee. credit card loans."
}
{
    "_id": "JPM20233105",
    "title": "",
    "text": "table Firmwide nonaccrual loans. December 31, millions ratios loans,323,135,647 outstanding. 59"
}
{
    "_id": "JPM20233110",
    "title": "",
    "text": "table charge-offs recoveries. December 31, millions charge-offs,209 Average retained loans,765 charge-off rates."
}
{
    "_id": "JPM20233114",
    "title": "",
    "text": "consumer portfolio loans residential real estate credit card auto business banking First Republic. loans fair value. prime segment consumer credit. mortgage loans retained securitized sold. government agencies. enterprises loans retained balance sheet. Note 12. Note 28 commitments."
}
{
    "_id": "JPM20233144",
    "title": "",
    "text": "tables credit portfolio CCB AWM Corporate.credit portfolio December 31, millions loans excluding credit Residential real estate,745 Auto,192 Total loans,753 Loans-sale Loans fair value,004 consumer excluding credit loans,375,325 Lending-related commitments consumer excluding credit,496 Credit Loans retained,175 credit card loans Lending-related commitments credit card exposure consumer credit portfolio,277,352 Credit-related December millions charge-offs loanretained charge-off rate Consumer excluding credit card Residential real estate,454. Auto,546,955. Total consumer excluding credit card,061,409. Credit card retained,403####191,412,335. Total consumer retained,330,473,744."
}
{
    "_id": "JPM20233145",
    "title": "",
    "text": "loans CCB AWM."
}
{
    "_id": "JPM20233146",
    "title": "",
    "text": "December 2023 2022 excluded lease $10. $12. billion. balance sheets. Note 18."
}
{
    "_id": "JPM20233147",
    "title": "",
    "text": "loans overdrafts."
}
{
    "_id": "JPM20233148",
    "title": "",
    "text": "loans CCB unsecured loans."
}
{
    "_id": "JPM20233149",
    "title": "",
    "text": "card home equity business banking commitments represent lines credit. Firm anticipate all lines used. credit card home equity business banking reduce cancel lines notice without notice. Note 28 information."
}
{
    "_id": "JPM20233150",
    "title": "",
    "text": "interest."
}
{
    "_id": "JPM20233151",
    "title": "",
    "text": "commercial card CB CIB."
}
{
    "_id": "JPM20233152",
    "title": "",
    "text": "notional protection credit notes estate auto loans consumer portfolio."
}
{
    "_id": "JPM20233153",
    "title": "",
    "text": "December 31, 2023 $102. First Republic. billion $2. billion."
}
{
    "_id": "JPM20233154",
    "title": "",
    "text": "December 2023 2022 nonaccrual loans excluded mortgage loans 90 days insured. $182 million $302 million. credit card loans nonaccrual."
}
{
    "_id": "JPM20233155",
    "title": "",
    "text": "excludes loans COVID-19."
}
{
    "_id": "JPM20233156",
    "title": "",
    "text": "December 2023 2022 loans excluded $15 $101 million loans."
}
{
    "_id": "JPM20233157",
    "title": "",
    "text": "loans $12. 9 billion $17. 4 billion 2023 2022. charge rates."
}
{
    "_id": "JPM20233176",
    "title": "",
    "text": "table loan maturities repayments class fixed interest rates terms. Firm estimated repayment residential estate auto classes weighted-average balance interest rates term. Note 12.December 2023 millions 1 year years years 15 Consumer excluding credit card Residential real estate,374 Auto,719 consumer credit card loans,762 credit card loans,418,123 consumer loans,439,462 one year fixed interest rates Residential real estate,337,603,044,236 Credit card variable interest rates Residential real,110,901,549 consumer loans,462#181,597"
}
{
    "_id": "JPM20233177",
    "title": "",
    "text": "$3. $4. 6 $27. $56. 2 loans First Republic."
}
{
    "_id": "JPM20233178",
    "title": "",
    "text": "$3. $8. $15. billion 1-5 First Republic."
}
{
    "_id": "JPM20233179",
    "title": "",
    "text": "loans fixed interest rate resets variable prevailing life loan."
}
{
    "_id": "JPM20233180",
    "title": "",
    "text": "$1. $19. $41. billion 1-5 First Republic."
}
{
    "_id": "JPM20233181",
    "title": "",
    "text": "fair value."
}
{
    "_id": "JPM20233182",
    "title": "",
    "text": "."
}
{
    "_id": "JPM20233186",
    "title": "",
    "text": "Loans 2022 First Republic auto loans."
}
{
    "_id": "JPM20233187",
    "title": "",
    "text": "discussions loan. Note 12 delinquencies modifications credit indicators."
}
{
    "_id": "JPM20233188",
    "title": "",
    "text": "Residential real estate-sale value prime mortgage home equity lines."
}
{
    "_id": "JPM20233189",
    "title": "",
    "text": "loans increased 2022 First Republic. nonaccrual loans decreased loan sales offset paydowns additions. recoveries lower 2023 lower prepayments higher interest rates."
}
{
    "_id": "JPM20233190",
    "title": "",
    "text": "Loans value increased December 2022 Home Lending CIB purchases."
}
{
    "_id": "JPM20233191",
    "title": "",
    "text": "December 2023 2022 interest-only loans $90. 6 billion $36. 3 billion. increase First Republic. interest-only higher-balance-income borrowers. comparable prime mortgage portfolio."
}
{
    "_id": "JPM20233192",
    "title": "",
    "text": "home equity lines $16. 1 billion December 31, 2023 $2. 6 billion First Republic. $4. 2 billion HELOCs $4. 3 billion interest-only balloon HELOCs after 2030. manages risk undrawn line."
}
{
    "_id": "JPM20233200",
    "title": "",
    "text": ". agencies fair value. Firm monitors unrecoverable payments-insured loan losses. millions 31, 2023 2022 30-89 days 90 days government guaranteed loans"
}
{
    "_id": "JPM20233201",
    "title": "",
    "text": "Geographic loan-value loans"
}
{
    "_id": "JPM20233202",
    "title": "",
    "text": "2023 $228. billion 70% Florida Texas Massachusetts $147. billion 62% 2022."
}
{
    "_id": "JPM20233203",
    "title": "",
    "text": "loan-value ratios improved prices."
}
{
    "_id": "JPM20233204",
    "title": "",
    "text": "Note 12 geographic composition LTVs loans."
}
{
    "_id": "JPM20233206",
    "title": "",
    "text": "2023 residential real estate FDMs $136 million. Firm $69 million loans modification $9 million Chapter 7 bankruptcy. TDR eliminated criteria. modifications Chapter 7 loans TDRs FDMs. Note 1 12."
}
{
    "_id": "JPM20233207",
    "title": "",
    "text": "2022 residential TDRs $362 million. Note 12."
}
{
    "_id": "JPM20233210",
    "title": "",
    "text": "Auto loan portfolio prime-quality scored auto banking loans consumer unsecured loans overdrafts. portfolio increased 2022 auto unsecured loans First Republic offset paydowns. Net charge-offs December 2023 increased used vehicle valuations. charge-off rates. 24% 2023 2022."
}
{
    "_id": "JPM20233223",
    "title": "",
    "text": "table December 2023 2022 nonperforming assets. December Nonaccrual loans Residential real estate,015,196 Auto loans,203,325 Assets loan Real estate nonperforming assets,365"
}
{
    "_id": "JPM20233224",
    "title": "",
    "text": "December 2023 2022 nonperforming assets excluded loans insured. $182 million $302 million."
}
{
    "_id": "JPM20233225",
    "title": "",
    "text": "excludes loans COVID-19."
}
{
    "_id": "JPM20233226",
    "title": "",
    "text": "December 2023 2022 loans excluded $15 $101 million loans."
}
{
    "_id": "JPM20233241",
    "title": "",
    "text": "table nonaccrual loans 2023 2022. loan activity millions balance,325,350 Additions,196 Reductions Principal payments,306 Charge-offs Foreclosures liquidations reductions,221 Net changes balance,203,325"
}
{
    "_id": "JPM20233242",
    "title": "",
    "text": "reductions."
}
{
    "_id": "JPM20233243",
    "title": "",
    "text": "Note 12 consumer credit portfolio delinquencies indicators loan modifications foreclosure."
}
{
    "_id": "JPM20233246",
    "title": "",
    "text": "credit card loans increased 2022 accounts revolving balances pre-pandemic. December 31, 2023 30 90+ delinquency rates. 14%. 05%,. charge-offs increased 2023 delinquencies."
}
{
    "_id": "JPM20233247",
    "title": "",
    "text": "card loans accrual charged. losses uncollectible accrued interest fee income."
}
{
    "_id": "JPM20233249",
    "title": "",
    "text": "2023 $98. billion 46% California Texas York Illinois $85. billion 2022."
}
{
    "_id": "JPM20233251",
    "title": "",
    "text": "December 31, 2023 credit card FDMs $648 million. increased delinquencies normalized. Firm $27 million loans trial modification modified. TDR eliminated assessment criteria. trial modifications TDRs not FDMs."
}
{
    "_id": "JPM20233252",
    "title": "",
    "text": "TDRs $418 million."
}
{
    "_id": "JPM20233253",
    "title": "",
    "text": "Note 1 12 delinquencies composition modifications."
}
{
    "_id": "JPM20233257",
    "title": "",
    "text": "Firm exposed credit risk through underwriting market-making hedging operating services cash securities financing cash banks. loans retained balance sheet. distributes loans market portfolio concentrations credit risk. portfolio managed reviews client credit quality transaction structure collateral industry product client concentrations. industry discussion pages 122–125."
}
{
    "_id": "JPM20233258",
    "title": "",
    "text": "credit portfolio CIB CB AWM Corporate CCB wholesale methodology loan losses. operations clients services First Republic. reporting classifications risk rating change. Business Developments page 53."
}
{
    "_id": "JPM20233259",
    "title": "",
    "text": "December 2023 loans $68. billion First Republic. commitments $64. billion CIB."
}
{
    "_id": "JPM20233260",
    "title": "",
    "text": "December 2023 nonperforming increased $476 million loans Real Estate Healthcare First Republic name upgrade."
}
{
    "_id": "JPM20233279",
    "title": "",
    "text": "December 2023 wholesale charge-offs increased $698 million driven restructuring loan Real Estate Consumer Retail. credit portfolio December 31, millions exposure Loans retained,472 Loans held-sale fair value,097 Derivative receivables,880 Receivables customers,257 wholesale credit assets,234 loan Real estate Lending-related commitments,980 wholesale credit portfolio,341,765,696 Credit derivatives-related notes Liquid securities cash collateral derivatives"
}
{
    "_id": "JPM20233280",
    "title": "",
    "text": "loans CIB CCB AWM accrued interest receivable balance sheets."
}
{
    "_id": "JPM20233281",
    "title": "",
    "text": "protection purchased credit derivatives notes qualify hedge accounting. GAAP. Credit derivatives page 130 Note 5."
}
{
    "_id": "JPM20233282",
    "title": "",
    "text": ". billion First Republic."
}
{
    "_id": "JPM20233311",
    "title": "",
    "text": "tables maturity risk wholesale credit portfolio 2023 2022. Firm considers ratings BBB-/Baa3 investment grade collateral structural support. Note 12.profile year 5 December 31, 2023 millions-grade Loans,104,821,547,472,838,634 Derivative receivables,864 Liquid securities collateral derivatives,461 derivative receivables collateral,426,403 Lending-related commitments,337,646,803,786,175,448,437,776,661,368,293 Loans-sale fair value,018 Receivables customers net securities collateral,319,304 Credit derivatives-related notes portfolio,353 profile year less 5 years December 31,2022 millions Loans retained,896,013,670,412,258,670 Derivative receivables,880 Liquid securities collateral derivatives derivative receivables net collateral,880,478,866 Lending-related commitments,456,441,980,168,352,232,123,516,811 Loans-sale fair value,427 Receivables customers,257 net liquid securities collateral Credit derivatives notes portfolio management(2,817),143,115"
}
{
    "_id": "JPM20233312",
    "title": "",
    "text": "held-for-sale related syndicated transferred."
}
{
    "_id": "JPM20233313",
    "title": "",
    "text": "derivatives hedge accounting."
}
{
    "_id": "JPM20233314",
    "title": "",
    "text": "notional amounts presented net reference entity ratings profile protection purchased. credit derivatives Firm protection executed investment-grade counterparties. obtains credit protection loans credit-related notes."
}
{
    "_id": "JPM20233315",
    "title": "",
    "text": "maturity loans commitments receivables contractual maturity. contracts receivable December 2023 payable cash flow market."
}
{
    "_id": "JPM20233319",
    "title": "",
    "text": "Firm credit concerns. banking substandard doubtful. criticized exposure $41. 4 billion December 2023 $31. 3 billion 2022 3. 3% 2. 7% wholesale credit exposure. $38. 3 billion performing. increase driven Real Estate Technology Media Telecommunications Healthcare."
}
{
    "_id": "JPM20233320",
    "title": "",
    "text": "table summarizes exposures December 2023 2022. risk business activity. Note 4."
}
{
    "_id": "JPM20233321",
    "title": "",
    "text": "ended December 2023"
}
{
    "_id": "JPM20233375",
    "title": "",
    "text": "metrics days past due accruing loans charge-offs-related notes exposure year December 31, 2022 millions Real Estate,857,866,609 Individuals Entities,815,006,104 Asset Managers,656,665 Consumer Retail,555,781,295 Technology Media Telecommunications,286,199,689,096 Industrials,483,052,500 Healthcare,839,117 Banks Finance Companies,994 Utilities,218,981,294State Municipal Govt,847,191 Oil Gas,668,547 Automotive,287,839 Chemicals Plastics,030,134,103 Insurance,468,396 Central Govt,095,698 Transportation,009####6,497 Metals Mining,825 Securities Firms,235,716 Financial Markets Infrastructure,307,284,555,435 Subtotal,146,530,772,587,714,698,143) Loans-sale fair value,427 Receivables,257 Total"
}
{
    "_id": "JPM20233376",
    "title": "",
    "text": "industry rankings December 31, 2022 based December 31, 2023 not 2022."
}
{
    "_id": "JPM20233377",
    "title": "",
    "text": "Global Private Bank clients AWM. Morgan Wealth Management companies trusts."
}
{
    "_id": "JPM20233378",
    "title": "",
    "text": "governments. 2022 Firm $5. 9 $6. 6 billion trading assets $21. 4 $6. AFS securities $9. $19. 7 billion HTM securities. Note 2 10."
}
{
    "_id": "JPM20233379",
    "title": "",
    "text": "SPEs organizations 94% 6% December 2023 95% 5% 2022."
}
{
    "_id": "JPM20233380",
    "title": "",
    "text": "cash $614. $556. 6 billion 2023 2022 Federal Reserve."
}
{
    "_id": "JPM20233381",
    "title": "",
    "text": "exposure net risk excludes credit derivatives notes receivables liquid securities cash collateral."
}
{
    "_id": "JPM20233382",
    "title": "",
    "text": "value lending commitments."
}
{
    "_id": "JPM20233383",
    "title": "",
    "text": ". billion First Republic Real Estate Asset Managers."
}
{
    "_id": "JPM20233384",
    "title": "",
    "text": "protection purchased sold credit derivatives notes qualify hedge accounting. GAAP. category protection indices."
}
{
    "_id": "JPM20233387",
    "title": "",
    "text": "Firm’s industry exposures."
}
{
    "_id": "JPM20233409",
    "title": "",
    "text": "Estate. billion 2023. increased $5. billion $4. 2022 $9. billion downgrades upgrades.31, 2023 millions Lending Commitments Receivables exposure Investment Multifamily Industrial,254 Office,462 Services Non Income Producing,145 Income Properties,542,750 Retail,763 Lodging Real Estate Exposure,261 31, 2022 millions Lending Commitments Receivables Investment Multifamily,555 Industrial Office,942 Services Non Income Producing Other Income Properties,701,851Retail,192,200 Lodging,347,385 Real Estate,608,857"
}
{
    "_id": "JPM20233410",
    "title": "",
    "text": "exposure California."
}
{
    "_id": "JPM20233411",
    "title": "",
    "text": "Income Producing Properties diversified outside categories table."
}
{
    "_id": "JPM20233412",
    "title": "",
    "text": "Estate 82% secured unsecured investment-grade Trusts Operating Companies assets diversified."
}
{
    "_id": "JPM20233413",
    "title": "",
    "text": ". billion First Republic Multifamily."
}
{
    "_id": "JPM20233414",
    "title": "",
    "text": "drawn percentage credit."
}
{
    "_id": "JPM20233433",
    "title": "",
    "text": "Consumer Retail $127. billion. $409 million $7. billion $8. 3 billion downgrades upgrades.31, millions Lending Commitments Receivables Investment Retail,376 Business Consumer Services,214 Food Beverage,256,186 Consumer Hard Goods,169,366 Leisure(b Total Consumer Retail,073,086 31, millions Lending Commitments Receivables Investment Retail,891,200 Business Consumer Services,256,640 Food Beverage,442 Consumer Hard Goods,879,051 Leisure(b,222 Total Consumer Retail,555"
}
{
    "_id": "JPM20233434",
    "title": "",
    "text": "Home Supermarkets Discount Stores Apparel Department Stores."
}
{
    "_id": "JPM20233435",
    "title": "",
    "text": "Gaming Arts Travel Sports Recreation. 90% portfolio secured."
}
{
    "_id": "JPM20233436",
    "title": "",
    "text": "Retail 59% unsecured 79%."
}
{
    "_id": "JPM20233437",
    "title": "",
    "text": "drawn percent credit."
}
{
    "_id": "JPM20233449",
    "title": "",
    "text": "Oil Gas exposure $34. 5 billion December 31, 2023 $123 million criticized. millions Lending Commitments Receivables Investment Exploration Production Oil Services,121 Gas Total Oil Gas,770 31, millions Lending Commitments Receivables Investment Exploration Production Oil Services,395 Other Oil Gas,273 Total Oil,547,121,668"
}
{
    "_id": "JPM20233450",
    "title": "",
    "text": "Gas Integrated Midstream refineries."
}
{
    "_id": "JPM20233451",
    "title": "",
    "text": "Gas 35% secured half reserve Exploration unsecured 61%."
}
{
    "_id": "JPM20233452",
    "title": "",
    "text": "drawn percent credit."
}
{
    "_id": "JPM20233456",
    "title": "",
    "text": "Firm provides loans high-net-worth. Note 12 loans delinquencies modifications credit quality indicators."
}
{
    "_id": "JPM20233469",
    "title": "",
    "text": "table nonaccrual loan portfolio 2023 2022. 2022 exposure increased $319 million Real Estate Healthcare First Republic upgrade Civic Organizations. nonaccrual loan activity balance,445 Additions,119 Reductions Paydowns charge-offs Sales reductions,224,169 changes Ending balance,714"
}
{
    "_id": "JPM20233478",
    "title": "",
    "text": "table presents net charge-offs/recoveries 2023 2022. include gains losses sales nonaccrual loans. net charge-offs Year December 31, Average loans retained Gross charge-offs recoveries collected Net charge-offs-off rate."
}
{
    "_id": "JPM20233480",
    "title": "",
    "text": "amortized FDMs $2. billion. 1 12."
}
{
    "_id": "JPM20233481",
    "title": "",
    "text": "TDRs $801 million."
}
{
    "_id": "JPM20233482",
    "title": "",
    "text": "elimination requirement assess modification concession FDMs greater TDRs. Note 12 information TDRs periods."
}
{
    "_id": "JPM20233500",
    "title": "",
    "text": "table wholesale loan maturities fixed floating interest rates class. Note 12 classes. December 31, 2023 millions year 5 15 Wholesale loans Secured real estate,144,764,417,297 Commercial industrial,339,194,752,760,558,999 loans,247,863,999,381,490 one year fixed interest rates real estate,871,185 Commercial industrial variable interest rates real#45,893,787,696 Commercial industrial,334,093,497,902 Total wholesale,863,999,381"
}
{
    "_id": "JPM20233501",
    "title": "",
    "text": "$6. $16. $9. 7 billion loans 1 5 First Republic."
}
{
    "_id": "JPM20233502",
    "title": "",
    "text": ". billion $4. billion loans 1 5 First Republic."
}
{
    "_id": "JPM20233503",
    "title": "",
    "text": "$9. 7 billion $5. 5 First Republic."
}
{
    "_id": "JPM20233504",
    "title": "",
    "text": "loans fixed interest rate resets variable prevailing life loan."
}
{
    "_id": "JPM20233505",
    "title": "",
    "text": "$7. billion $4. billion 5 First Republic."
}
{
    "_id": "JPM20233506",
    "title": "",
    "text": "$3. billion First Republic."
}
{
    "_id": "JPM20233507",
    "title": "",
    "text": "loans overdrafts."
}
{
    "_id": "JPM20233514",
    "title": "",
    "text": "table presents net charge-offs/recoveries average retained loans rate by loan class ended December 2023 2022. by real industrial millions except ratios Net charge-offs(recoveries Average retained loans,611 Net charge-off/(recovery rate."
}
{
    "_id": "JPM20233518",
    "title": "",
    "text": "Firm uses instruments commitments guarantees financing needs. contractual amounts represent maximum credit risk clients draw down commitments. commitments guarantees refinanced extended cancelled expired without default. Firm believe total contractual amount future credit exposure funding requirements. Note 28 information commitments."
}
{
    "_id": "JPM20233520",
    "title": "",
    "text": "Receivables reflect loans clients CIB CCB AWM collateralized by assets cash liquid debt securities. credit risk Firm establishes requirements monitors requires deposit cash collateral reduce positions. Credit risk mitigated by short-term fair value collateral right obligation additional margin. receivables require credit losses. estimates losses value collateral probability borrower default. receivables reported accrued interest accounts receivable balance sheets."
}
{
    "_id": "JPM20233521",
    "title": "",
    "text": "Note 13 policies credit losses."
}
{
    "_id": "JPM20233523",
    "title": "",
    "text": "Derivatives enable risk credit interest rates foreign exchange equities commodities prices. Firm makes markets derivatives risks counterparty credit risk receivables. uses instruments credit risk market. counterparty settlement mechanism affect credit risk. OTC derivatives exposed credit risk counterparty. exchange-traded futures cleared-counter derivatives"
}
{
    "_id": "JPM20233524",
    "title": "",
    "text": "risk CCP. Firm risk derivative contracts master netting arrangements collateral agreements. OTC derivative transactions excluding exchange spot trades short 87% December 31, 2023 2022. Note 5 collateral agreements derivative contracts settlement types."
}
{
    "_id": "JPM20233525",
    "title": "",
    "text": "value derivative receivables $54. 9 billion $70. 9 billion December 2023 2022. decrease market movements. value agreements collateral."
}
{
    "_id": "JPM20233526",
    "title": "",
    "text": "Firm holds liquid securities cash collateral security favor. liquid securities high quality liquid assets LCR rule."
}
{
    "_id": "JPM20233527",
    "title": "",
    "text": "credit risk collateral securities high quality assets LCR rule. benefits additional collateral subject master netting agreement limited net derivative receivables."
}
{
    "_id": "JPM20233528",
    "title": "",
    "text": "Firm holds additional collateral cash G7 government securities guaranteed securities corporate debt equity securities delivered non-daily frequency return not settled. collateral reduce receivables not included tables security against exposure derivative contracts. Note 5 collateral derivative transactions."
}
{
    "_id": "JPM20233543",
    "title": "",
    "text": "tables summarize derivative receivables internal ratings. December 31, millions cash collateral,864,880 Liquid securities cash collateral(22,461) net liquid securities collateral,403,866 Other(993),261) net collateral#31,410,605 Ratings profile receivables December 31, millions net collateral Investment-grade,004,097 Noninvestment-grade,605"
}
{
    "_id": "JPM20233544",
    "title": "",
    "text": "derivative receivables future variability. Firm calculates three measures loss Peak Derivative Risk Equivalent Average exposure. incorporate netting collateral benefits."
}
{
    "_id": "JPM20233545",
    "title": "",
    "text": "Peak derivative exposure collateral counterparty equivalent 97. 5% confidence. primary credit limits contracts senior management reporting exposure."
}
{
    "_id": "JPM20233546",
    "title": "",
    "text": "DRE exposure derivative exposure collateral loan exposures. less extreme credit loss Peak aggregating derivative credit risk loans."
}
{
    "_id": "JPM20233547",
    "title": "",
    "text": "AVG expected value Firm’s derivative exposures collateral future. contract primary metric pricing credit risk capital CVA."
}
{
    "_id": "JPM20233548",
    "title": "",
    "text": "Firm’s derivative receivables CVA credit quality counterparties. based Firm’s AVG counterparty credit spread. active risk management credit risk derivatives portfolio. wrong-way risk"
}
{
    "_id": "JPM20233549",
    "title": "",
    "text": "defined risk exposure counterparty default exposure capacity obligations. factors influence correlations. correlations identified Firm adjust CVA counterparty’s AVG. manages exposure CVA credit interest rate foreign exchange equity commodity contracts."
}
{
    "_id": "JPM20233550",
    "title": "",
    "text": "graph exposure derivatives portfolio 10 years Peak DRE AVG metrics. exposure first year trades."
}
{
    "_id": "JPM20233557",
    "title": "",
    "text": "Firm uses credit derivatives two market-maker manage credit risk exposures."
}
{
    "_id": "JPM20233559",
    "title": "",
    "text": "Firm’s activities credit derivatives risk lending derivatives counterparty wholesale businesses portfolio management. Information table below."
}
{
    "_id": "JPM20233567",
    "title": "",
    "text": "Firm uses credit derivatives manage credit risk securities. not included credit portfolio management activities. derivatives notes protection purchased sold December 31, millions manage Loans commitments Derivative receivables,832 derivatives portfolio,143"
}
{
    "_id": "JPM20233568",
    "title": "",
    "text": "presented net protection purchased sold entity."
}
{
    "_id": "JPM20233569",
    "title": "",
    "text": "credit derivatives qualify hedge accounting. GAAP reported at fair value gains losses recognized revenue. loans risk-managed accounted accrual. asymmetry derivatives causes earnings volatility not credit exposure."
}
{
    "_id": "JPM20233570",
    "title": "",
    "text": "effectiveness credit default swaps hedge against Firm’s exposures vary factors named reference entity. losses contractual terms loss maturity Firm’s CDS protection shorter than exposures. Firm seeks credit protection maturity date same or similar to exposure differences maturity monitored managed. Refer Credit derivatives Note 5 information portfolio management."
}
{
    "_id": "JPM20233576",
    "title": "",
    "text": "Firm’s allowance for credit losses represents estimate expected credit losses financial assets amortized cost off-balance sheet lending commitments. loan losses loan portfolios-related commitments reflected in accounts payable liabilities credit losses on investment securities."
}
{
    "_id": "JPM20233578",
    "title": "",
    "text": "credit losses December 2023 $24. billion. billion."
}
{
    "_id": "JPM20233581",
    "title": "",
    "text": "addition credit losses $1. 9 billion$1. 3 billion consumer CCB $1. 4 billion Card Services reduction $200 million Home Lending. loan growth revolving balances reduced borrower uncertainty. reduction Lending home prices$675 million wholesale downgrade macroeconomic commercial real estate accounts receivable loan lending."
}
{
    "_id": "JPM20233582",
    "title": "",
    "text": "$1. 2 billion First Republic loans 2023."
}
{
    "_id": "JPM20233583",
    "title": "",
    "text": "Firm outlook third quarter 2023 lower unemployment higher growth adverse scenarios first quarter 2023 recession risks high inflation financial conditions."
}
{
    "_id": "JPM20233584",
    "title": "",
    "text": "credit losses $587 million TDR January 1 2023. Note 1."
}
{
    "_id": "JPM20233585",
    "title": "",
    "text": "Firm's allowance credit losses estimated five scenarios. adverse scenarios punitive. unemployment 5. 5% fourth quarter 2024. GDP 1. 5% lower second quarter 2025."
}
{
    "_id": "JPM20233594",
    "title": "",
    "text": "table presents Firm’s central case assumptions December 31, U. S. unemployment rate. YoY growth U. GDP. assumptions December 31,. unemployment rate. YoY growth U. S. GDP."
}
{
    "_id": "JPM20233595",
    "title": "",
    "text": "quarterly average. unemployment"
}
{
    "_id": "JPM20233596",
    "title": "",
    "text": "year over growth. GDP forecast calculated percentage change. prior year."
}
{
    "_id": "JPM20233598",
    "title": "",
    "text": "reflected credit losses"
}
{
    "_id": "JPM20233599",
    "title": "",
    "text": "."
}
{
    "_id": "JPM20233600",
    "title": "",
    "text": "Accounting Estimates 155–158 credit losses judgments."
}
{
    "_id": "JPM20233601",
    "title": "",
    "text": "Consumer Credit pages 114–119 Wholesale 120–130."
}
{
    "_id": "JPM20233635",
    "title": "",
    "text": "Retained loans end period average Credit ratios Allowance losses"
}
{
    "_id": "JPM20233636",
    "title": "",
    "text": "loan losses loans"
}
{
    "_id": "JPM20233638",
    "title": "",
    "text": "impact loan losses TDR January 1 2023. Note 1."
}
{
    "_id": "JPM20233639",
    "title": "",
    "text": "collateral loans foreclosure risk-rated loans periods. collateral-dependent modified PCD loans."
}
{
    "_id": "JPM20233640",
    "title": "",
    "text": "December 31, 2023 2022 Firm $243 million $21 million accounts receivable CIB."
}
{
    "_id": "JPM20233641",
    "title": "",
    "text": "2023 losses First Republic."
}
{
    "_id": "JPM20233642",
    "title": "",
    "text": "credit card loans nonaccrual regulatory guidance."
}
{
    "_id": "JPM20233657",
    "title": "",
    "text": "table allowance loan losses class. Note 12. December 31, millions except ratios losses retained loans Residential real estate Auto other Consumer excluding credit card Credit card,450,200 Total consumer,306,240 Secured real estate,997 Commercial industrial Other,197 Total wholesale,420,726"
}
{
    "_id": "JPM20233658",
    "title": "",
    "text": "2023 loan losses First Republic."
}
{
    "_id": "JPM20233662",
    "title": "",
    "text": "portfolio risk loss principal returns principal investments. securities portfolio held by Treasury CIO balance asset-liability. Principal investments privately-held managed LOBs Corporate. extended periods no expectation short-term gains."
}
{
    "_id": "JPM20233664",
    "title": "",
    "text": "securities risk default principal interest. mitigated Treasury CIO high-quality. December 31, 2023 Treasury CIO portfolio $569. 2 billion average credit rating AA+ internal risk ratings. Corporate segment results pages 84–85 Note 10 portfolio risk. Liquidity Risk Management 102–109. Market Risk Management 135–143 risk."
}
{
    "_id": "JPM20233666",
    "title": "",
    "text": "Risk Appetite reviewed CTC Committee Board Committee."
}
{
    "_id": "JPM20233667",
    "title": "",
    "text": "Firm’s carrying value investment securities. Approved levels each risk category capital credit."
}
{
    "_id": "JPM20233669",
    "title": "",
    "text": "Principal investments privately-held instruments junior capital. include tax-oriented business strategies consolidated. by businesses broader strategy. managed by LOBs Corporate reflected financial results. evolve market circumstances strategic initiatives environmental social goals."
}
{
    "_id": "JPM20233674",
    "title": "",
    "text": "table values portfolios 2023 2022. billions investments alternative energy affordable housing. Private equity debt instruments real assets. carrying value."
}
{
    "_id": "JPM20233675",
    "title": "",
    "text": "December 2023. billion CIB First."
}
{
    "_id": "JPM20233677",
    "title": "",
    "text": "principal investment risk governance structure. established risk policy framework investing approval executives independent."
}
{
    "_id": "JPM20233678",
    "title": "",
    "text": "Firm’s control carrying value investments policies. approved levels investments established monitored each business size. conducts stress testing portfolios losses market moves risk events."
}
{
    "_id": "JPM20233681",
    "title": "",
    "text": "Market risk interest rates equity commodity prices credit spreads volatilities value assets liabilities."
}
{
    "_id": "JPM20233683",
    "title": "",
    "text": "Risk Management defines policies procedures."
}
{
    "_id": "JPM20233688",
    "title": "",
    "text": "Market Risk Management decisions volatility transparency risk senior management Board regulators. policy framework measuring LOB Corporate Firmwide market risk limits stress testing risk assessments"
}
{
    "_id": "JPM20233697",
    "title": "",
    "text": "no single measure market risk Management uses metrics-at-risk testing loss-at-risk Value Sensitivity measures"
}
{
    "_id": "JPM20233699",
    "title": "",
    "text": "Market risk managed limits market environment business strategy. volatility liquidity business management judgment. Firm limits VaR stress. LOB Corporate VaR stress supplemented profit loss drawdowns. Limits LOBs Corporate legal entity level."
}
{
    "_id": "JPM20233700",
    "title": "",
    "text": "Market Risk Management sets limits reviews updates. Senior management limits. Limits not reviewed reported senior management. LOBs Corporate limits monitored."
}
{
    "_id": "JPM20233701",
    "title": "",
    "text": "Limit breaches approvers Market Risk Management senior management. Market Risk Management consults senior members action positions compliance reduction risk temporary increase limits activity volatility. Firm Corporate LOB-level breaches escalated."
}
{
    "_id": "JPM20233702",
    "title": "",
    "text": "Models market risk imprecise risks losses. imprecision shifts. uncertainty Estimations Model Risk Management page 154."
}
{
    "_id": "JPM20233703",
    "title": "",
    "text": "Market Risk Management reviews measures enhancement measures over time."
}
{
    "_id": "JPM20233706",
    "title": "",
    "text": "table summarizes business activities market risks positions measures LOB Corporate."
}
{
    "_id": "JPM20233713",
    "title": "",
    "text": "LOB Corporate investing. investments reflected risk measures table. Investment Portfolio Risk Management page 134 principal investments.business activities market risks Risk Management earnings-at-risk measures mortgage loans mortgage commitments closing rate prepayment risk commitments derivatives loans instruments derivatives-only mortgage-backed securities trading assets instruments hedges value option liabilities loan portfolio fixed income foreign exchange equities commodities deposits loss market prices interest rate foreign exchange credit commodity equity risk asset values rate prepayment risk assets debt marketable equity instruments derivatives hedges portfolio securities purchased loaned sold resale borrowed value liabilities loans CVA hedges equity investments portfolio held equity investments real estate loansrisk hedges spreads loans deposits rate prepayment risk equity investments loan portfolio capital investments mutual third investors market factors. prices rates credit spreads securities trading assets instruments derivatives loan portfolio seed capital investments hedges deferred compensation third-party investors. liquidity funding capital interest rate foreign exchange risks interest rate risk non-USD foreign exchange risks positions noninterest revenue equity investments banks securities interest rate hedges-term debt hedges held equity investments fair value exchange exposure non-USD long-term debt hedges"
}
{
    "_id": "JPM20233714",
    "title": "",
    "text": "Risk Management DVA sensitivity measures."
}
{
    "_id": "JPM20233715",
    "title": "",
    "text": "AWM CB contributions VaR 2023 2022."
}
{
    "_id": "JPM20233718",
    "title": "",
    "text": "JPMorgan Chase value loss market moves. single VaR framework Risk Management Regulatory VaR."
}
{
    "_id": "JPM20233719",
    "title": "",
    "text": "framework employed Firm historical simulation previous 12 months. assumes changes market potential outcomes future. Risk Management VaR daily measure risk aligned decisions LOBs Corporate information risk events."
}
{
    "_id": "JPM20233720",
    "title": "",
    "text": "Firm’s Risk Management VaR one-day holding tail-loss 95% confidence. risk profiles diversification limits. results senior management Board Risk Committee regulators."
}
{
    "_id": "JPM20233721",
    "title": "",
    "text": "VaR model framework market returns for risk factors product types. calculations performed daily for businesses market risk. models incorporate risk factors inputs daily changes market values inputs selected based on risk profile portfolio. results aggregated at Firm level."
}
{
    "_id": "JPM20233722",
    "title": "",
    "text": "VaR based on data imperfect market risk future losses. reliance data limited time horizons risks predict losses market illiquidity shifts."
}
{
    "_id": "JPM20233723",
    "title": "",
    "text": "products risk parameters VaR liquidity historical data. Firm uses proxies estimate VaR daily. price-based time series VaR results. considers nonstatistical measures"
}
{
    "_id": "JPM20233724",
    "title": "",
    "text": "manage market risk positions."
}
{
    "_id": "JPM20233725",
    "title": "",
    "text": "VaR calculations daily consistent source valuation daily market data third-party data VCG monthly. market prices proxies data sources differ. Valuation process Note 2."
}
{
    "_id": "JPM20233726",
    "title": "",
    "text": "Firm’s VaR model calculations market conditions modeling techniques. affect comparisons. Estimations Model Risk Management page 154 reviews approvals."
}
{
    "_id": "JPM20233727",
    "title": "",
    "text": "Firm calculates daily VaR rules capital requirements Basel III rules. assumes ten business-day holding period expected loss methodology 99% confidence level. positions Basel III rules different Risk Management VaR. credit derivative hedges Regulatory VaR excludes. excludes diversification benefit certain models."
}
{
    "_id": "JPM20233728",
    "title": "",
    "text": "JPMorgan Basel III 3 Regulatory Capital Disclosures reports website VaR market risk regulatory capital. backtesting."
}
{
    "_id": "JPM20233750",
    "title": "",
    "text": "table Risk Management VaR measure 95% confidence. positions market volatility diversification benefits. year December millions.CIB trading risk type Fixed income#49 Foreign exchange Equities Commodities other Diversification benefit CIB trading CIB trading Credit Portfolio Diversification benefit CIB CIB VaR#### CCB VaR Corporate other LOB VaR Diversification benefit#### Diversification benefit CIB other Total VaR#43#26#242####"
}
{
    "_id": "JPM20233751",
    "title": "",
    "text": "benefit difference portfolio VaR components. non-additive VaR imperfect correlation LOBs Corporate risk types. minimum benefit meaningful different days."
}
{
    "_id": "JPM20233752",
    "title": "",
    "text": "Portfolio VaR includes derivative CVA hedges retained loan portfolio reported transactions revenue. retained loan portfolio fair value. credit risk component CVA removed credit spreads. hedges removed. exposure reflected measures."
}
{
    "_id": "JPM20233753",
    "title": "",
    "text": "legacy private equity publicly traded."
}
{
    "_id": "JPM20233754",
    "title": "",
    "text": "March 2022 nickel price increases volatility Credit Portfolio Total."
}
{
    "_id": "JPM20233756",
    "title": "",
    "text": "VaR decreased $15 million 2023."
}
{
    "_id": "JPM20233757",
    "title": "",
    "text": "risk reductions income commodities equities."
}
{
    "_id": "JPM20233758",
    "title": "",
    "text": "graph Risk four quarters."
}
{
    "_id": "JPM20233760",
    "title": "",
    "text": "First Quarter Quarter Quarter"
}
{
    "_id": "JPM20233763",
    "title": "",
    "text": "Firm performs daily VaR backtesting compares Risk Management VaR results gains losses. gains losses reflect revenue exclude revenue new transactions. fees commissions valuation adjustments interest income. excluded offset backtesting gain loss. consistent with Basel III capital rules."
}
{
    "_id": "JPM20233764",
    "title": "",
    "text": "backtesting exception daily loss exceeds Risk Management VaR. Firm’s Risk Management VaR methodology exceptions five times every 100 trading days. exceptions differ if market volatility different from 12 months historical data."
}
{
    "_id": "JPM20233765",
    "title": "",
    "text": "12 months December 2023 Firm posted gains 139 258 days observed 13 exceptions eight three months. backtesting loss days differ Fixed Income Markets Equity Markets exclusion revenue gains losses."
}
{
    "_id": "JPM20233766",
    "title": "",
    "text": "chart Firmwide daily backtesting gains losses 12 three months December 2023. losses Risk Management VaR. losses fifty percentage point intervals. exceptions. differ Market Risk Basel III Pillar 3 Regulatory Capital Disclosures reports VaR."
}
{
    "_id": "JPM20233772",
    "title": "",
    "text": "VaR stress testing risk. VaR reflects changes stress testing changes risk positions. testing measures vulnerability losses stressed economic market scenarios. results exposures losses measured against limits."
}
{
    "_id": "JPM20233773",
    "title": "",
    "text": "Firm’s stress framework covers market risk positions LOBs Corporate. stress market rallies sell-offs changes equity interest hypothetical economic market scenarios."
}
{
    "_id": "JPM20233774",
    "title": "",
    "text": "Firm generates scenarios events asset classes geographies market factors. idiosyncratic stress products. flexibility stress framework scenarios future stress. results reported senior management."
}
{
    "_id": "JPM20233775",
    "title": "",
    "text": "Stress scenarios framework Market Risk Management models Estimations Risk Management Policy. Firmwide Market Risk Methodology Committee reviews. changes senior management."
}
{
    "_id": "JPM20233776",
    "title": "",
    "text": "Firm’s stress testing framework CCAR results reported Board Directors. Risk Appetite reported Board Risk Committee."
}
{
    "_id": "JPM20233778",
    "title": "",
    "text": "Profit loss drawdowns losses risk tolerance. revenue peak."
}
{
    "_id": "JPM20233780",
    "title": "",
    "text": "effect interest rate exposure net income important risk market. risk trading activities"
}
{
    "_id": "JPM20233781",
    "title": "",
    "text": "traditional banking activities loans deposits debt investment securities derivative instruments. page 136 summary LOB earnings-risk."
}
{
    "_id": "JPM20233783",
    "title": "",
    "text": "CTC Risk Committee establishes interest rate risk policy limits Board Risk Committee. calculates reviews senior management. oversight risk function CTC CRO. oversight limits Earnings-at-Risk Economic Value Sensitivity. Firm manages risk investment securities portfolio interest rate derivatives."
}
{
    "_id": "JPM20233789",
    "title": "",
    "text": "Structural interest rate risk due to factors •Differences timing maturity repricing assets liabilities off-balance instruments amounts short-term long-term market interest rates change yield curve impact maturity interest rates"
}
{
    "_id": "JPM20233790",
    "title": "",
    "text": "Firm manages interest rate exposure. units transfer risk Treasury CIO pricing. asset liability balances contractual rates schedules prepayment experience reset dates maturities indices repricing ceilings adjustable products."
}
{
    "_id": "JPM20233792",
    "title": "",
    "text": "Firm rate risk earnings-at-risk. estimates interest rate exposure. presented baseline income fees. market interest rates"
}
{
    "_id": "JPM20233794",
    "title": "",
    "text": "deposits. Firm conducts simulations interest rate-sensitive assets liabilities. dollars. simulations include retained loans deposits securities long debt interest rate hedges funds transfer pricing 136. exclude hedges non. dollar risk. hedges dollar. dollar non. dollar foreign exchange risk page 145."
}
{
    "_id": "JPM20233798",
    "title": "",
    "text": "Earnings-at-risk scenarios estimate potential change net interest income 12 months assumptions. scenarios include parallel shift short long rates steeper yield curve increasing flatter curve increasing. scenarios consider factors impact changes interest rates. balance sheet modeled prepayment reinvestment behavior assumptions actions rate changes. Mortgage prepayment assumptions based on interest rates time origination factors updated. Deposit forecasts key earnings-at-risk. baseline reflects assumptions reversal Quantitative Easing management judgment. deposits impacted by actions Federal Reserve Reverse Repurchase Facility. factors level loans competition for deposits. pricing of deposits betas rates change market interest rates. updated model 2023 deposit repricing lags"
}
{
    "_id": "JPM20233799",
    "title": "",
    "text": "consumer wholesale deposits. model change pricing behavior interest rate. rates differ behavior competition."
}
{
    "_id": "JPM20233800",
    "title": "",
    "text": "Firm performs analyses earnings-at-risk deposit betas balances consumer deposits. results reported CTC Board Risk Committee."
}
{
    "_id": "JPM20233801",
    "title": "",
    "text": "Firm’s earnings-at-risk scenarios evaluated balance sheet market conditions simulation. interest rate earnings-at-risk analysis forecast net interest income Outlook page 52."
}
{
    "_id": "JPM20233819",
    "title": "",
    "text": "Firm’s. non. sensitivities table. December 31, billions. dollar Parallel +100 bps shift. -100 bps +200 bps. bps. Steeper yield curve +100 bps long. bps short-term. Flatter yield curve +100 bps short-term. bps long-term rates. Non-U. dollar Parallel shift +100 shift. -100 bps."
}
{
    "_id": "JPM20233820",
    "title": "",
    "text": "model update repricing lags. periods revised."
}
{
    "_id": "JPM20233821",
    "title": "",
    "text": "simultaneous shift. non. rates."
}
{
    "_id": "JPM20233822",
    "title": "",
    "text": "model update deposit repricing 2023 Firm's. dollar sensitivities December 31, $4. 1 billion +100 higher $3. 7 billion."
}
{
    "_id": "JPM20233823",
    "title": "",
    "text": "Firm’s. dollar sensitivities 2023 2022 balance sheet First Republic acquisition."
}
{
    "_id": "JPM20233826",
    "title": "",
    "text": "December 31, 2023 sensitivity shift rates assets repricing liabilities."
}
{
    "_id": "JPM20233828",
    "title": "",
    "text": "earnings-at-risk 12 months Firm measures Economic Value Sensitivity. economic value equity balance sheet retained loans deposits debt investment securities hedges interest rate scenarios. limits EVS TCE. long-term debt securities page 195 Note 2 instruments fair value."
}
{
    "_id": "JPM20233831",
    "title": "",
    "text": "Non. dollar FX risk assets liabilities future results. FX exposures capital investments expense revenue securities. debt issuance. Treasury CIO manage risks. hedge derivatives. Business Segment Results page 66."
}
{
    "_id": "JPM20233833",
    "title": "",
    "text": "Firm risk debt equity credit funding exposures impact revenue income noninterest expense market variables. business activities risk page 136 information."
}
{
    "_id": "JPM20233847",
    "title": "",
    "text": "table potential impact revenue OCI noninterest expense market risk instruments not VaR earnings-at-risk. instruments hedging reported net positions hedged. sensitivities gain loss December 31, 2023 2022 future changes.Gain millions Activity measure 31, 2023 31, 2022 Debt equity Asset Management activities seed capital hedges fund co-investments deferred compensation decline market value debt equity real estate loans privately held equity investments decline market value Credit funding Non-USD LTD cross-currency basis risk derivatives foreign exchange risk point tightening currency foreign exchange revaluation derivative hedges depreciation currency Derivatives funding spread risk spread increase credit risk credit spread widening Fair value option liabilities spread risk increase spread Fair value liabilities rate sensitivity credit spread increase spread credit spreadliabilities#1 basis spread"
}
{
    "_id": "JPM20233848",
    "title": "",
    "text": "equity securities values. Refer Note 2 information."
}
{
    "_id": "JPM20233849",
    "title": "",
    "text": "Firm credit risk CVA removed Credit Portfolio widening credit spreads. hedges removed consistency. exposure reflected sensitivity measures."
}
{
    "_id": "JPM20233850",
    "title": "",
    "text": "recognized net."
}
{
    "_id": "JPM20233851",
    "title": "",
    "text": "noninterest."
}
{
    "_id": "JPM20233852",
    "title": "",
    "text": "recognized."
}
{
    "_id": "JPM20233856",
    "title": "",
    "text": "Firm LOBs Corporate exposed country risk financial economic political developments value exposures. Country Risk Management group monitors portfolios impacted measures exposures risk tolerance."
}
{
    "_id": "JPM20233858",
    "title": "",
    "text": "Country Risk Management manages monitors risk."
}
{
    "_id": "JPM20233865",
    "title": "",
    "text": "Firm’s country risk management policies procedures standards country risk framework ratings risks establishing risk tolerance risk exposure limits reporting breaches senior management surveillance tools risk risk analysis"
}
{
    "_id": "JPM20233867",
    "title": "",
    "text": "Firm exposed risk lending deposits investing market-making cross-border. private."
}
{
    "_id": "JPM20233868",
    "title": "",
    "text": "Firm’s risk attribution exposure based largest assets counterparty issuer obligor guarantor revenue derived different than domicile. incorporation."
}
{
    "_id": "JPM20233869",
    "title": "",
    "text": "country exposures Firm’s risk default zero recovery counterparties issuers obligors guarantors. Activities exposure not services exposure collateral."
}
{
    "_id": "JPM20233870",
    "title": "",
    "text": "Assumptions required country exposure non-linear index products counterparty issuer obligor guarantor"
}
{
    "_id": "JPM20233871",
    "title": "",
    "text": ". different measurement affect reported exposure."
}
{
    "_id": "JPM20233878",
    "title": "",
    "text": "Firm’s risk with banks measured cash balances central commercial exposures measured committed amount net credit losses cash collateral financing receivable balance net collateral equity securities measured fair value positions exposure on derivative receivables measured fair value net collateral derivatives net protection purchased entity fair value derivative receivable"
}
{
    "_id": "JPM20233879",
    "title": "",
    "text": "internal risk differs FFIEC requirements."
}
{
    "_id": "JPM20233882",
    "title": "",
    "text": "Stress testing country risk management framework losses crisis impact adverse asset price movements assumptions. designs stress scenarios market events sector sovereign actions geopolitical risks. stress results inform risk reduction."
}
{
    "_id": "JPM20233884",
    "title": "",
    "text": "exposure stress measured Risk Management usages breaches."
}
{
    "_id": "JPM20233885",
    "title": "",
    "text": "risk Firm report exposure autonomous Special Administrative Regions dependent territories states."
}
{
    "_id": "JPM20233886",
    "title": "",
    "text": "table top 20 exposures. December 31, 2023 December 31, 2022. 20 largest exposures. exposures fluctuate client activity market liquidity management."
}
{
    "_id": "JPM20233887",
    "title": "",
    "text": "exposure Japan December 31, 2022 reduction cash bank liquidity management Firm."
}
{
    "_id": "JPM20233888",
    "title": "",
    "text": "exposure Australia compared December 2022 reduction cash central bank interest rates."
}
{
    "_id": "JPM20233912",
    "title": "",
    "text": "Firm exposure to Russia approximately $350 million as of December 31, 2023. excludes deposits clients Depository Insurance Agency of Russia. 20 country exposures (excluding U. S December 31, billions ####Deposits with banks####Lending####Trading investing exposure Germany#69. 2 United Kingdom. 1 Japan. 8 Australia. 7 Brazil. 8 Canada. 4 China. 7 Switzerland. 3 France. 1 Singapore. India. 7 0 Mexico. 7 4####8####5. Belgium. 6####2 1 3 South Korea.####7 Saudi Arabia. 6####5 9####7 Spain 3####5 Italy 1####5 1####6 4 3####5 6####7. 5 4####4####5 Luxembourg 9 9"
}
{
    "_id": "JPM20233913",
    "title": "",
    "text": "exposures reflect 88% Firmwide non-U. exposure December 31, 2023 2022."
}
{
    "_id": "JPM20233914",
    "title": "",
    "text": "represents cash."
}
{
    "_id": "JPM20233915",
    "title": "",
    "text": "loans interest collateral credit losses. Excludes exposures settlement clearing."
}
{
    "_id": "JPM20233916",
    "title": "",
    "text": "market-making positions hedging investment securities counterparty exposure derivative securities financings net collateral. single transactions country table."
}
{
    "_id": "JPM20233917",
    "title": "",
    "text": "funds commodities."
}
{
    "_id": "JPM20233918",
    "title": "",
    "text": "country rankings December 31, 2022 based December 31, 2023 not 2022."
}
{
    "_id": "JPM20233922",
    "title": "",
    "text": "Climate risk impacts change Firm’s clients customers operations business strategy. risks. categorized physical transition risk."
}
{
    "_id": "JPM20233923",
    "title": "",
    "text": "Physical risk financial loss changing climate. Acute floods wildfires cyclones. Chronic shifts sea level rise precipitation temperatures."
}
{
    "_id": "JPM20233924",
    "title": "",
    "text": "Transition risk financial economic implications adjustment low-carbon economy. drivers policy technologies consumer preferences. climate."
}
{
    "_id": "JPM20233926",
    "title": "",
    "text": "Firm Climate Risk Management function establishing framework strategy managing climate risks. engages climate risk frameworks."
}
{
    "_id": "JPM20233930",
    "title": "",
    "text": "responsibilities Climate Risk Management policies standards procedures processes risk metrics scenarios climate financial economic impacts Firmwide risk data strategy infrastructure"
}
{
    "_id": "JPM20233931",
    "title": "",
    "text": "LOBs Corporate identification climate risks climate laws rules regulations."
}
{
    "_id": "JPM20233933",
    "title": "",
    "text": "Firm’s climate risk consistent with governance structure. LOBs Corporate climate risk."
}
{
    "_id": "JPM20233934",
    "title": "",
    "text": "LOBs Corporate Climate Risk Management Board Committee initiatives."
}
{
    "_id": "JPM20233937",
    "title": "",
    "text": "Operational risk adverse outcome inadequate processes human factors external events. includes compliance conduct legal estimations model risk. activities fraudulent acts business disruptions cyber attacks inappropriate employee behavior failure laws vendors providers agreements. Risk Management Firm’s financial position characteristics markets regulatory environments."
}
{
    "_id": "JPM20233939",
    "title": "",
    "text": "Firm’s Compliance Conduct Operational Risk Management Framework govern report risk."
}
{
    "_id": "JPM20233941",
    "title": "",
    "text": "LOBs Corporate operational risk. Control Management Organization LOB-day execution CCOR Framework."
}
{
    "_id": "JPM20233942",
    "title": "",
    "text": "Firm’s Global Chief Compliance Officer CCOR Management Framework standards. LOB CCOR Officers report CCO independent businesses. CCOR Management Framework Risk Governance Oversight Policy Board Risk Committee."
}
{
    "_id": "JPM20233944",
    "title": "",
    "text": "Firm utilizes risk control self-assessment executed by LOBs Corporate. LOBs evaluate effectiveness control environment determine remediation. Operational Risk Compliance organization oversight independent assessments risk events risk."
}
{
    "_id": "JPM20233946",
    "title": "",
    "text": "Operational Risk Compliance risks LOBs Corporate control reporting senior management."
}
{
    "_id": "JPM20233947",
    "title": "",
    "text": "Operational Risk Compliance capital losses baseline stressed conditions."
}
{
    "_id": "JPM20233948",
    "title": "",
    "text": "operational risk capital estimate Loss Distribution Approach model simulates projected frequency severity losses historical data. model aggregate operational risk loss one-year 99. 9% confidence level. incorporates risk losses quarter after remediated."
}
{
    "_id": "JPM20233949",
    "title": "",
    "text": "Basel III Firm’s operational risk methodology Advanced Measurement Approach incorporates external losses risk analysis business control metrics. reflect insurance estimate."
}
{
    "_id": "JPM20233950",
    "title": "",
    "text": "Firm considers economic risk develops view risk events. risk stress testing framework results CCAR testing processes."
}
{
    "_id": "JPM20233951",
    "title": "",
    "text": "Capital Risk pages 91-101 operational."
}
{
    "_id": "JPM20233953",
    "title": "",
    "text": "risk assessments Operational Risk Compliance monitoring compliance LOBs Corporate laws rules regulations. operational risk tests controls LOBs."
}
{
    "_id": "JPM20233957",
    "title": "",
    "text": "operational risk escalated LOBs Corporate action plans. Risk Compliance advise LOBs action plans."
}
{
    "_id": "JPM20233959",
    "title": "",
    "text": "employees Firm escalate risks. Risks identified Operational Risk Compliance LOB Corporate Control Committees. standards operational risk reporting Firmwide. risk performance indicators risk. standards establish escalation protocols senior management Board Directors."
}
{
    "_id": "JPM20233961",
    "title": "",
    "text": "operational risk insurance Firm. purchases insurance maintains-owned Park Assurance Company. Insurance required third parties."
}
{
    "_id": "JPM20233963",
    "title": "",
    "text": "Operational risk. Compliance Conduct Legal Estimations Model. pages 151 152 153 154 Compliance. business technology resiliency payment fraud third outsourcing cybersecurity."
}
{
    "_id": "JPM20233965",
    "title": "",
    "text": "war Ukraine financial economic sanctions imposed Russia-associated entities governments including U. S. K. EU. sanctions complex. Firm increased operational risks compliance. implemented controls mitigate non-compliance prevent sanctioned persons block restrict payments."
}
{
    "_id": "JPM20233967",
    "title": "",
    "text": "Disruptions control diseases severe weather disasters climate change power loss failure third party cyberattacks unrest terrorism. Firmwide Business Resiliency Program disruptions functions. includes governance training planning recovery strategies strategic initiatives resiliency risks. Operational Risk Management technology cybersecurity data physical security crisis management real estate outsourcing programs."
}
{
    "_id": "JPM20233969",
    "title": "",
    "text": "Payment fraud risk obtaining benefit improper payment. Firm employs controls education trainings."
}
{
    "_id": "JPM20233971",
    "title": "",
    "text": "Third-Party-affiliates assist LOBs Corporate supplier relationships. TPO suppliers performance mitigate risks data loss disruptions. Corporate Third-Party Oversight training monitoring reporting standards third-party outsourcing risks."
}
{
    "_id": "JPM20233974",
    "title": "",
    "text": "Cybersecurity harm technology unauthorized disclosure data."
}
{
    "_id": "JPM20233976",
    "title": "",
    "text": "Cybersecurity risk focus Firm. resources computer systems software networks storage technology. security efforts attacks unauthorized access information destruction data service sabotaging damage."
}
{
    "_id": "JPM20233977",
    "title": "",
    "text": "Firm experienced expects higher volume cyber attacks geopolitical tensions. implemented measures controls enhanced threat monitoring. continues capabilities risks administrative access systems."
}
{
    "_id": "JPM20233978",
    "title": "",
    "text": "Third parties Firm business. vendors supply chain exchanges clearing houses depositories financial intermediaries sources cybersecurity risk. Third party incidents system breakdowns misconduct cyber attacks ransomware supply-chain compromises Firm including deliver product service compromised software lost information."
}
{
    "_id": "JPM20233979",
    "title": "",
    "text": "Clients customers cybersecurity risk Firm beyond security systems. Firm engages discussions clients cybersecurity risks improve."
}
{
    "_id": "JPM20233980",
    "title": "",
    "text": "cybersecurity threats previous events not affected Firm business strategy operations financial condition. approach Firm may preventing mitigating future incident business strategy condition."
}
{
    "_id": "JPM20233982",
    "title": "",
    "text": "Global Chief Information Security Officer reports member cybersecurity forums. leads Global Cybersecurity Technology Controls identifying cybersecurity risks implementing controls. Information Security Program cyber attacks confidentiality integrity availability infrastructure resources information. program cybersecurity operations centers training simulation exercises policies standards enhancing capabilities."
}
{
    "_id": "JPM20233983",
    "title": "",
    "text": "Firm’s Program"
}
{
    "_id": "JPM20233984",
    "title": "",
    "text": "Cyber Operations controls Firm attacks incident response monitoring cybersecurity threats vulnerabilities-party suppliers."
}
{
    "_id": "JPM20233985",
    "title": "",
    "text": "Technology Governance Risk Controls risk control analyzing control catalogs assessments governance reporting risk."
}
{
    "_id": "JPM20233986",
    "title": "",
    "text": "Security Awareness information risk security Firm policies standards practices. training mandatory supplemented Firmwide testing phishing tests. specialized security training. Global Privacy Program requires training data privacy confidentiality security unauthorized access."
}
{
    "_id": "JPM20233987",
    "title": "",
    "text": "Technology Resiliency recovery degradation outage data backup recovery Firmwide Business Resiliency Program risk management."
}
{
    "_id": "JPM20233990",
    "title": "",
    "text": "Firm cybersecurity incident response plan coordinate with law enforcement notify clients customers recover. partners with government law enforcement industry forums discussions simulations cybersecurity risks defenses resiliency."
}
{
    "_id": "JPM20233992",
    "title": "",
    "text": "governance structure Global Cybersecurity Technology Controls identify escalate mitigate cybersecurity risks. governance oversight integrated operational risk framework escalation issues development risk mitigation plans. IRM assesses challenges activities risk practices. engages third-party assessors review framework processes controls."
}
{
    "_id": "JPM20233993",
    "title": "",
    "text": "governance cybersecurity risk management forums prevention detection remediation."
}
{
    "_id": "JPM20233994",
    "title": "",
    "text": "Cybersecurity Technology Controls Committee cybersecurity risk controls Information Security Program. membership representatives Global Cybersecurity Technology Controls functions IRM Internal Audit. experience technology information security disciplines Firm financial services-regulated industries."
}
{
    "_id": "JPM20233995",
    "title": "",
    "text": "CTOC escalates risk issues Global Technology Operating Committee LOB Corporate Control Committees. GTOC Firmwide Global Technology organization strategies delivery technology operations use resources risk matters."
}
{
    "_id": "JPM20233996",
    "title": "",
    "text": "Firm’s risk management framework Board receives updates from CIO CISO members CTOC cybersecurity. updates include cybersecurity developments Information Security Program policies initiatives cybersecurity incidents. Audit Committee Risk Committee assist."
}
{
    "_id": "JPM20233999",
    "title": "",
    "text": "Compliance risk operational failing laws rules self-regulatory organizations."
}
{
    "_id": "JPM20234001",
    "title": "",
    "text": "LOBs Corporate ownership compliance risk. Firm’s Operational Risk Compliance Organization independent provides review business operations laws rules regulations Firm’s products services."
}
{
    "_id": "JPM20234002",
    "title": "",
    "text": "compliance risks relate laws rules regulations across LOBs jurisdictions financial products services relationships clients employee activities. anti-money laundering trading market conduct across jurisdictional borders. Firm’s fiduciary activities failure standard of care treat fairly."
}
{
    "_id": "JPM20234003",
    "title": "",
    "text": "functions regulatory obligations areas."
}
{
    "_id": "JPM20234004",
    "title": "",
    "text": "Operational Risk Compliance implements policies standards."
}
{
    "_id": "JPM20234006",
    "title": "",
    "text": "Risk Compliance Global CCO FRE."
}
{
    "_id": "JPM20234007",
    "title": "",
    "text": "Firm oversight compliance risk CCOR Management Framework. updates Board Audit Committee compliance risk issues."
}
{
    "_id": "JPM20234009",
    "title": "",
    "text": "Firm has Code of Conduct integrity. principles conduct with clients customers suppliers vendors shareholders regulators employees markets communities. requires report violation policy law regulation. illegal unethical conduct employees consultants clients customers suppliers contract workers business partners agents. Training assigned to newly employees current employees. affirm compliance annually."
}
{
    "_id": "JPM20234010",
    "title": "",
    "text": "Employees report violations Firm’s Conduct Hotline phone internet. anonymous permitted law available globally translation services administered outside provider. prohibits retaliation. Audit Committee reports Conduct."
}
{
    "_id": "JPM20234014",
    "title": "",
    "text": "Conduct risk operational risk misconduct employee unfair outcomes impact markets harm employees compromise reputation."
}
{
    "_id": "JPM20234016",
    "title": "",
    "text": "LOB Corporate accountable conduct risk engagement ownership sustainability culture Firm’s Business Principles. Principles employees. Firm’s Code expectations provides resources business ethically laws rules regulations. Compliance Risk Management page 151."
}
{
    "_id": "JPM20234018",
    "title": "",
    "text": "Firm maintains CCOR Framework."
}
{
    "_id": "JPM20234019",
    "title": "",
    "text": "Firm senior forum conduct initiatives holistic risks programs opportunities focus. program direction conduct framework Firmwide Conduct Risk Appetite Assessment."
}
{
    "_id": "JPM20234020",
    "title": "",
    "text": "risk management people management recruiting onboarding training performance promotion compensation. LOB Treasury CIO corporate function reviews metrics provides education."
}
{
    "_id": "JPM20234023",
    "title": "",
    "text": "Legal risk operational risk loss failure meet legal obligations rule law Firm operates agreements products services."
}
{
    "_id": "JPM20234032",
    "title": "",
    "text": "global Legal function provides services advice Firm. legal risk litigation enforcement reviews investigations products services contract negotiation marketing documents new business initiatives dispute resolution laws rules changes advocacy legal advice LOBs Corporate Board."
}
{
    "_id": "JPM20234033",
    "title": "",
    "text": "Legal selects engages manages outside counsel. advises Conflicts Office wholesale transactions conflicts interest."
}
{
    "_id": "JPM20234035",
    "title": "",
    "text": "Firm’s General Counsel reports CEO member Operating Risk Control Committee. report matters Board Audit Committee."
}
{
    "_id": "JPM20234036",
    "title": "",
    "text": "Legal advises committees LOBs reputation."
}
{
    "_id": "JPM20234040",
    "title": "",
    "text": "Estimations Model risk operational adverse estimation outputs."
}
{
    "_id": "JPM20234041",
    "title": "",
    "text": "Firm uses models estimations businesses functions. estimation methods varying valuation risk capital requirements stress testing credit losses business decisions. Model Risk Governance Review defines governs policies model risk estimations budget forecasting capital planning."
}
{
    "_id": "JPM20234042",
    "title": "",
    "text": "governance analytical judgment estimations approach models."
}
{
    "_id": "JPM20234043",
    "title": "",
    "text": "Model risks owned by users LOBs Corporate purposes. responsible developing implementing testing to MRGR for review approval. robust operating environment monitor performance. enhance models portfolios product market developments improvements modeling techniques systems capabilities."
}
{
    "_id": "JPM20234044",
    "title": "",
    "text": "Models tiered internal standard complexity exposure Firm’s reliance. tiering subject approval MRGR. MRGR considers specific purposes. analyzes challenges methodology assumptions additional testing back-testing. reviews approved by management MRGR model."
}
{
    "_id": "JPM20234045",
    "title": "",
    "text": "Firm’s Estimations Model Risk Management Policy MRGR reviews approves new models changes use. exceptions granted model review. mitigate model risk interim. actions model include limitation trading activity."
}
{
    "_id": "JPM20234046",
    "title": "",
    "text": "models imprecise heightened by market economic environment. when current forecasted different from historical. increased uncertainty greater judgment analytics adjustments model. increased uncertainty if assets acquired differ from models."
}
{
    "_id": "JPM20234047",
    "title": "",
    "text": "Accounting Estimates pages Note 2 model valuations."
}
{
    "_id": "JPM20234050",
    "title": "",
    "text": "JPMorgan Chase’s accounting policies estimates integral results. complex estimates require judgment carrying value assets liabilities. policies procedures estimation methods judgments-controlled reviewed applied. methods judgments reflect assets business risk management strategies vary businesses portfolios. policies procedures changing methodologies. believes estimates value appropriate. description accounting estimates judgments."
}
{
    "_id": "JPM20234055",
    "title": "",
    "text": "Firm’s allowance for credit losses losses financial assets amortized cost lending commitments. loan losses loan portfolios lending-related commitments losses investment securities."
}
{
    "_id": "JPM20234056",
    "title": "",
    "text": "allowance credit losses judgment forecasts historical loss experience risk characteristics risk ratings valuation collateral expected life. Note 10 13 Firm’s policies methodologies."
}
{
    "_id": "JPM20234059",
    "title": "",
    "text": "credit losses macroeconomic forecasts eight-quarter.-quarter forecast macroeconomic variables credit losses driven less twenty variables. variables losses vary by portfolio geography. consumer portfolio regional. unemployment rates. HPI. wholesale portfolio. unemployment. equity prices. interest rates. corporate credit spreads oil prices. commercial real estate prices. HPI."
}
{
    "_id": "JPM20234060",
    "title": "",
    "text": "Firm’s assumptions forecasts economic affect estimate credit losses balance sheet lead changes."
}
{
    "_id": "JPM20234061",
    "title": "",
    "text": "First Republic acquisition Firm recorded allowance credit losses loans commitments May 1, 2023. differences risk rating integration allowance losses measured facilities not modeled estimates. First Republic portfolio excluded modeled estimates. allowance credit losses consumer portfolio measured approach residential real estate reflected analysis. Note 34 First Republic acquisition."
}
{
    "_id": "JPM20234062",
    "title": "",
    "text": "difficult estimate changes factor allowance credit losses management considers variety. Changes not occur same rate consistent across geographies product types directionally inconsistent improvement offset deterioration."
}
{
    "_id": "JPM20234063",
    "title": "",
    "text": "macroeconomic forecast Firm compared credit losses central adverse scenarios two five loan losses commitments. scenarios MEVs differed levels paths peaks eight-quarter."
}
{
    "_id": "JPM20234064",
    "title": "",
    "text": "Firm’s 131 Note 13, scenario elevated. unemployment 2. 1% higher peak. 7% fourth quarter 2024 lower. GDP slower recovery 3. 3% lower"
}
{
    "_id": "JPM20234067",
    "title": "",
    "text": "3. 2024 HPI. 9% third quarter 2025."
}
{
    "_id": "JPM20234071",
    "title": "",
    "text": "analysis estimate allowance credit losses allowance December 31, 2023 reflects losses central scenario adverse scenarios. impacts MEVs interrelated nonlinear macroeconomic. portfolio borrower behavior affect allowance credit losses."
}
{
    "_id": "JPM20234075",
    "title": "",
    "text": "credit loss estimates forecasts December 31, 2023 Firm compared estimates adverse central. differences $850 million residential real estate loans $3. 1 billion credit card loans $3. 9 billion wholesale loans"
}
{
    "_id": "JPM20234076",
    "title": "",
    "text": "analysis modeled credit loss estimates not allowance credit losses adjustments quantitative calculation management applies modeled lifetime loss estimates uncertainty imprecision circumstances."
}
{
    "_id": "JPM20234077",
    "title": "",
    "text": "forecasts uncertain Firm believes risks governed estimates credit losses reasonable December 31, 2023."
}
{
    "_id": "JPM20234079",
    "title": "",
    "text": "JPMorgan Chase carries assets liabilities fair value. majority derivatives structured note products securities financing agreements. mortgage home equity loans based collateral."
}
{
    "_id": "JPM20234098",
    "title": "",
    "text": "table includes assets value level 3. Note 2 information. December 31, 2023 millions assets value level 3 assets Federal funds sold securities purchased Securities borrowed Trading assets Trading-debt equity instruments,701 Derivative receivables,864 trading assets,297 AFS securities Loans,851 MSRs assets,130,863,656,141,490,134,004,146 Total Firm assets,875 Level 3 assets assets Level 3 assets"
}
{
    "_id": "JPM20234099",
    "title": "",
    "text": "derivative receivables netting adjustments $8. 9 billion level 3 reflect netting adjustment. level 3 balances reduced netting including benefit cash collateral."
}
{
    "_id": "JPM20234102",
    "title": "",
    "text": "Firm’s processes determining fair value Note 2. Estimating value requires judgment. level observable market information. instruments valued valuation models unobservable inputs level 3 judgments significant instruments levels 1 2."
}
{
    "_id": "JPM20234103",
    "title": "",
    "text": "value level 3 valuation model. lack observability inputs data transaction details yield curves interest rates prepayment speeds default rates volatilities correlations prices credit curves. Note 2 valuation level 3 instruments unobservable inputs."
}
{
    "_id": "JPM20234104",
    "title": "",
    "text": "instruments levels 2 3 management judgment valuation adjustments credit creditworthiness market funding rates liquidity unobservable parameters net open risk position. judgments affected product contractual terms liquidity. market volatility valuation estimates positions less liquid. Note 2 valuation adjustments Firm."
}
{
    "_id": "JPM20234105",
    "title": "",
    "text": "estimating market inputs affect gain loss position. Firm believes valuation methods reflect management judgment vary businesses portfolios."
}
{
    "_id": "JPM20234106",
    "title": "",
    "text": "Firm uses methodologies assumptions fair value. different fair value reporting. Note 2 valuation process determination fair value financial instruments."
}
{
    "_id": "JPM20234108",
    "title": "",
    "text": ". GAAP goodwill allocated units tested annually. process methodology Note 15."
}
{
    "_id": "JPM20234109",
    "title": "",
    "text": "Management judgment testing goodwill impairment. business allocated units."
}
{
    "_id": "JPM20234110",
    "title": "",
    "text": "December 31, 2023 Firm reviewed economic conditions market cost equity business results. goodwill not impaired. fair value exceeded carrying value no risk goodwill impairment."
}
{
    "_id": "JPM20234111",
    "title": "",
    "text": "projections units consistent business assumptions estimates long-term growth return equity. uses third-party peer data assumptions."
}
{
    "_id": "JPM20234112",
    "title": "",
    "text": "Note 15 goodwill impairment December."
}
{
    "_id": "JPM20234114",
    "title": "",
    "text": "JPMorgan Chase offers credit cards rewards programs points account activity. no limits points redeemed for rewards cash gift cards travel. maintains rewards liability estimated cost rewards points. accrued reduced points. $13. 2 billion $11. 3 billion at December 31, 2023 2022 recorded accounts payable balance sheets. increase driven rewards points redemptions adjustments reward program terms 2023."
}
{
    "_id": "JPM20234115",
    "title": "",
    "text": "rewards liability redemption rate cost per point assumptions. RR points redeemed. CPP cost future redemptions. assumptions evaluated"
}
{
    "_id": "JPM20234118",
    "title": "",
    "text": "behavior management judgment. rewards liability. 25 RR 1 CPP liability $376 million."
}
{
    "_id": "JPM20234120",
    "title": "",
    "text": "JPMorgan Chase subject income tax laws jurisdictions U. S. federal non-U. jurisdictions. laws complex interpretations. financial impact taxes expense benefits assumptions judgments tax laws transactions business events timing taxable income. non. jurisdictions."
}
{
    "_id": "JPM20234121",
    "title": "",
    "text": "JPMorgan Chase’s interpretations tax laws by taxing authorities disputes tax position. disputes settled by audit appeals adjudication in court. reviews additional income taxes records unrecognized tax benefits. may revise income taxes due to changes in laws legal interpretations business strategies. revisions may affect results."
}
{
    "_id": "JPM20234122",
    "title": "",
    "text": "Deferred taxes differences assets liabilities financial income tax. assets recognized if realizability likely. measured enacted tax rates taxable income differences. effect change tax rates recognized income taxes."
}
{
    "_id": "JPM20234123",
    "title": "",
    "text": "Firm recognized deferred tax assets net operating loss foreign tax credit carryforwards. performs reviews deferred assets. reviews include estimates future income tax planning strategies NOLs FTCs before."
}
{
    "_id": "JPM20234124",
    "title": "",
    "text": "deferred tax asset not realizable valuation allowance established. reversed determines deferred asset realizable. December 31, 2023 management Firm realize deferred tax assets net valuation allowance."
}
{
    "_id": "JPM20234125",
    "title": "",
    "text": "Firm adjusts unrecognized tax benefits new information tax law interactions taxing authorities. Uncertain tax positions recognition threshold measured benefit. uncertain tax position measured largest benefit settlement. reassessment JPMorgan Chase’s tax benefits income tax rate. estimates final tax amount income tax provisions accruals. differences impact provision income taxes."
}
{
    "_id": "JPM20234126",
    "title": "",
    "text": "Firm’s provision for taxes current deferred taxes. calculated estimates assumptions results returns. Adjustments returns recorded tax implications impact Firm’s tax rate."
}
{
    "_id": "JPM20234127",
    "title": "",
    "text": "Note 25."
}
{
    "_id": "JPM20234129",
    "title": "",
    "text": "Note 30 estimates litigation reserves."
}
{
    "_id": "JPM20234138",
    "title": "",
    "text": "Accounting Standards Board Standards January 2021 financial statements Reform updated 2021 December 2022 expedients exceptions instruments transactions reform. March 12 2020. January 7 2021 December 21, 2022 updates. Standards January 1 2023 Derivatives Hedging Fair Value Hedging Portfolio Method March 2022. derivatives balance sheet disclosure accounting. reclassification HTM AFS. January 1, 2023. Credit Losses Troubled Debt Restructurings Disclosures March 2022 accounting disclosure requirements Troubled Debt Restructurings discounted cash flow. loan modifications principal forgiveness interest rate reduction delay. loan charge-off origination year. modified retrospective method retained earnings. January 1, 2023.Note 1."
}
{
    "_id": "JPM20234145",
    "title": "",
    "text": "Standards Adopted December 31, 2023 financial statements Investments Equity Method Joint Ventures Accounting Tax Credit Structures Proportional Amortization Method March 2023 proportional amortization tax-oriented investments. adopted full modified retained earnings. modified retrospective method January 1, 2024 decrease retained earnings $200 million. Segment Reporting Improvements Disclosures November 2023 expenses profit loss. segment items. title position CODM. Annual financial statements December 31, 2024 interim statements December 31, 2025. assessing impact segment disclosures. Income Taxes Improvements Disclosures December 2023 taxes disaggregated federal state foreign individual jurisdiction threshold 5 percent total income taxes paid.tax rate reconciliation categories qualitative disclosures reconciling items quantitative thresholds. thresholds met. date Annual financial statements December 31, 2025. guidance option retrospectively. Firm evaluating impact Consolidated Financial Statements date."
}
{
    "_id": "JPM20234146",
    "title": "",
    "text": "Early."
}
{
    "_id": "JPM20234149",
    "title": "",
    "text": "Firm made forward-looking statements. to historical facts. use “anticipate. provide JPMorgan current expectations future events. disclosures 2023 Form 10-K contain statements Private Securities Litigation Reform Act 1995. statements other documents SEC. senior management make statements orally to investors analysts media."
}
{
    "_id": "JPM20234164",
    "title": "",
    "text": "forward-looking statements subject to risks uncertainties beyond Firm’s control. JPMorgan Chase’s future results may differ from. no results differ regional global business economic political conditions geopolitical events laws rules regulatory requirements capital liquidity requirements •Heightened regulatory oversight trade monetary fiscal policies laws inflation income tax laws FDIC assessments •Securities capital markets behavior market liquidity volatility investor sentiment consumer spending savings behavior capital liquidity credit ratings reputation address social environmental sustainability concerns deal with economic slowdown disruption"
}
{
    "_id": "JPM20234181",
    "title": "",
    "text": "•Technology changes by Firm control agenda develop discontinue products services liabilities losses of new products services increase market share attract retain employees control expenses •Competitive pressures credit quality risk management framework disclosure controls procedures internal control financial reporting judicial regulatory proceedings determine values assets liabilities natural disasters calamities health emergencies infectious diseases epidemics pandemics hostilities geopolitical instabilities climate change extraordinary events beyond control deal with disruptions security of financial accounting technology data processing operational systems facilities withstand disruptions against cyber attacks other risks uncertainties in Part I, Item 1A Factors in JPMorgan Chase’s 2023 Form 10-K."
}
{
    "_id": "JPM20234182",
    "title": "",
    "text": "forward-looking statements Firm speak date JPMorgan Chase update. reader consult further disclosures Annual Reports Quarterly 10-Qs Current Reports 8-K."
}
{
    "_id": "JPM20234185",
    "title": "",
    "text": "Management JPMorgan Chase & Co. responsible internal control financial reporting. designed Firm’s principal executive financial officers Board Directors management personnel assurance reliability financial reporting preparation financial statements accounting principles."
}
{
    "_id": "JPM20234186",
    "title": "",
    "text": "JPMorgan Chase’s control financial reporting includes policies procedures maintenance records reflect transactions dispositions assets transactions recorded financial statements U. S. GAAP receipts expenditures authorizations management directors prevention unauthorized acquisition use disposition assets financial statements."
}
{
    "_id": "JPM20234187",
    "title": "",
    "text": "limitations internal control financial reporting prevent misstatements. projections future risk compliance. completed assessment internal control financial reporting December 31, 2023. used “Internal Control — Integrated Committee Sponsoring Organizations Treadway Commission."
}
{
    "_id": "JPM20234188",
    "title": "",
    "text": "assessment management concluded December 31, 2023 JPMorgan Chase’s control effective COSO 2013 framework. no weaknesses."
}
{
    "_id": "JPM20234189",
    "title": "",
    "text": "control financial reporting December 31, 2023 audited PricewaterhouseCoopers LLP report."
}
{
    "_id": "JPM20234197",
    "title": "",
    "text": "Shareholders JPMorgan Chase."
}
{
    "_id": "JPM20234198",
    "title": "",
    "text": "Statements Control Reporting"
}
{
    "_id": "JPM20234199",
    "title": "",
    "text": "audited balance sheets JPMorgan Chase Co. subsidiaries December 31, 2023 2022 income stockholders’ equity cash flows three years December 2023 financial. audited control financial reporting December 2023 Internal Control - Integrated Framework Sponsoring."
}
{
    "_id": "JPM20234200",
    "title": "",
    "text": "consolidated financial statements present position December 31, 2023 2022 results operations cash flows three 2023 accounting principles. Firm maintained internal control financial reporting December 2023 Internal Control – Integrated Framework (2013)."
}
{
    "_id": "JPM20234202",
    "title": "",
    "text": "management responsible for consolidated financial statements internal control assessment report. express opinions financial statements internal control based audits. public accounting firm registered Public Company Accounting Oversight Board independent. federal securities laws rules Securities and Exchange Commission PCAOB."
}
{
    "_id": "JPM20234203",
    "title": "",
    "text": "conducted audits PCAOB. standards plan perform assurance"
}
{
    "_id": "JPM20234204",
    "title": "",
    "text": "consolidated financial statements free misstatement error internal control maintained."
}
{
    "_id": "JPM20234205",
    "title": "",
    "text": "audits of consolidated financial statements included risks misstatement error or fraud. examining evidence amounts disclosures. accounting principles estimates management presentation. audit of internal control over financial reporting included understanding risk material weakness testing design effectiveness control risk. other procedures necessary. audits provide reasonable basis for opinions."
}
{
    "_id": "JPM20234207",
    "title": "",
    "text": "internal control over financial reporting assurance reliability financial reporting preparation financial statements for accounting principles. includes policies procedures maintenance of records transactions dispositions assets assurance transactions recorded necessary preparation financial statements receipts expenditures with authorizations management directors prevention of unauthorized acquisition use disposition assets financial statements."
}
{
    "_id": "JPM20234208",
    "title": "",
    "text": "limitations internal control financial reporting prevent misstatements. projections effectiveness future risk controls compliance policies deteriorate."
}
{
    "_id": "JPM20234213",
    "title": "",
    "text": "critical audit matters from current period audit of consolidated financial statements communicated to audit committee relate to accounts disclosures material challenging complex judgments. communication alter our opinion on financial statements not providing separate opinions."
}
{
    "_id": "JPM20234214",
    "title": "",
    "text": "Loan Losses Wholesale Credit"
}
{
    "_id": "JPM20234215",
    "title": "",
    "text": "Note 13 financial statements allowance for loan losses wholesale credit card loan portfolios $20. 2 billion loans $881. 3 billion at December 31, 2023. allowance losses estimate expected credit losses future changes macroeconomic. calculation losses loss factors exposure default. factors determined average five macroeconomic scenarios U. unemployment. gross domestic product. calculation adjusted model imprecision risk assessments trends subjective factors."
}
{
    "_id": "JPM20234216",
    "title": "",
    "text": "considerations procedures loan losses portfolio wholesale credit card loan portfolios critical audit judgment estimation macroeconomic variables. unemployment. gross domestic product affect credit losses balance quantitative calculation credit loss estimates adjustments model imprecision risk assessments trends subjective factors credit loss estimate auditor judgment subjectivity effort"
}
{
    "_id": "JPM20234217",
    "title": "",
    "text": "audit evidence credit loss estimates adjustments audit professionals specialized skill knowledge."
}
{
    "_id": "JPM20234218",
    "title": "",
    "text": "matter involved evaluating audit evidence forming opinion consolidated financial statements. procedures controls Firm’s allowance loan losses model validation macroeconomic scenarios. process estimating evaluating models methodologies forecasts. unemployment. gross domestic product testing accuracy data adjustments output model imprecision risk assessments trends subjective factors loss. procedures included professionals specialized models methodologies macroeconomic variables."
}
{
    "_id": "JPM20234220",
    "title": "",
    "text": "Notes 2 3 Firm carries $1. 1 trillion assets $541. 4 billion liabilities. $11. 3 billion trading assets $42. 2 billion liabilities financial instruments level 3 unobservable. valuation models unobservable inputs 3 instruments. interest rate spread Bermudan switch value correlation interest rates exchange equity prices credit."
}
{
    "_id": "JPM20234221",
    "title": "",
    "text": "considerations procedures fair value level 3 financial instruments critical audit significant judgment estimation management led to auditor judgment subjectivity effort evaluating audit evidence professionals specialized skill knowledge."
}
{
    "_id": "JPM20234224",
    "title": "",
    "text": "matter evaluating audit evidence forming opinion consolidated financial statements. procedures testing controls Firm’s determination fair value models inputs data. professionals independent estimate fair value financial instruments comparing estimate. estimate testing data developing independent inputs unobservable inputs."
}
{
    "_id": "JPM20234226",
    "title": "",
    "text": "auditor 1965."
}
{
    "_id": "JPM20234228",
    "title": "",
    "text": "Chase."
}
{
    "_id": "JPM20234263",
    "title": "",
    "text": "December 31, Investment banking fees,216 Principal transactions,460,304 Lending fees Asset management fees,096 Commissions Investment securities losses Mortgage fees Card income income,322 Noninterest revenue,837,985,338 Interest income,588,864 expense interest income,267 net revenue,104,695,649 Provision credit losses,320,389 Noninterest Compensation,465 Occupancy Technology services Marketing,045 noninterest expense,172,140,343,228 income,552,676,334 Net income stockholders,760,503 common share Basic earnings share. Diluted earnings. Weighted-average shares,938.,965.-average diluted shares.,970."
}
{
    "_id": "JPM20234264",
    "title": "",
    "text": "Notes Consolidated Statements."
}
{
    "_id": "JPM20234266",
    "title": "",
    "text": "Chase."
}
{
    "_id": "JPM20234278",
    "title": "",
    "text": "December millions Net income,552,676 income gains investment securities,381 adjustments hedges value hedges Cash flow hedges,360 pension OPEB plans fair value liabilities income(17,257)(8,070) income,450,419,264"
}
{
    "_id": "JPM20234279",
    "title": "",
    "text": "Notes Consolidated Statements."
}
{
    "_id": "JPM20234281",
    "title": "",
    "text": "Chase."
}
{
    "_id": "JPM20234319",
    "title": "",
    "text": "December Cash,066,697 Deposits,085,537 Federal funds securities $259,813 $311,883,152 Securities borrowed $70,086 $70,041,436,369 Trading assets $128,994 $93,687,607,799 securities $205,456 $216,188 $9,219 $9,158,848,305,552,162 Loans $38,851 $42,079,706,647,301,286 interest receivable,363,189 Premises equipment Goodwill,381,859 $12,306 $14,921 $6,764 $7,998),308,393 Liabilities Deposits $78,384 $28,620,688Federal funds securities $169,003 $151,999 borrowings $20,042 $15,792 Trading,428 Accounts $5,637 $7,038,307,141 interests $1 $5 Long debt $87,924 $72,281 liabilities,373,411 Commitments contingencies Notes 28, 29 30 equity Preferred stock$1 200,000,000 2,740,375 Common stock,104,933,895 capital,128,044 earnings,901,456 losses Treasury stock,275,301,170,676,094 equity liabilities,875,393"
}
{
    "_id": "JPM20234330",
    "title": "",
    "text": "table presents assets liabilities VIEs consolidated December 2023 2022. assets liabilities. beneficial interests credit JPMorgan Chase. include third-party exclude intercompany balances. Note 14. December 31, Assets Trading assets,170,151 Loans assets assets,372,112 Liabilities Beneficial interests,020,610 liabilities liabilities,283,889"
}
{
    "_id": "JPM20234331",
    "title": "",
    "text": "Notes Consolidated Statements."
}
{
    "_id": "JPM20234333",
    "title": "",
    "text": "Chase."
}
{
    "_id": "JPM20234365",
    "title": "",
    "text": "December millions Preferred January 1,404,838,063 Issuance,350 Redemption December 31,838 Common January 1 December 31 Additional paid January 1,044,415 Shares issued compensation tax effects December 31,128 Retained January 1,456,268 accounting principles Net income,552,676,334 Dividends Preferred stock Common stock.share 2023 2022 2021,055 December 31,901,456,268 income January 1,341),257) December 31,443 Treasury stock January 1,336),415),184) Repurchase,122,448 December 31,217),336),415) equity,127"
}
{
    "_id": "JPM20234366",
    "title": "",
    "text": "January 2023 Financial Instruments Credit Losses Debt Restructurings Portfolio. Note 1."
}
{
    "_id": "JPM20234367",
    "title": "",
    "text": "Notes Consolidated Statements."
}
{
    "_id": "JPM20234369",
    "title": "",
    "text": "Chase."
}
{
    "_id": "JPM20234425",
    "title": "",
    "text": "December millions income,552,676,334 Adjustments Provision credit losses,389 Depreciation amortization Deferred tax,748 gain First Republic,301,174,274 purchases loans,245),167,864 sales paydowns loans,709 change Trading assets,091) Securities borrowed,203 Accrued interest accounts receivable Other assets,970 liabilities Accounts payable liabilities adjustments Net cash,974,119 Investing change Federal funds securities purchased,740,278 securities paydowns maturities,626,897 Purchases,141,676,756 securities paydowns maturities,744,159 sales,434,748 Purchases,499),258),785 sales loans,312 loans,343)(91,797) First Republic Acquisition activities(137,819),344 Financing Deposits,196),895,764 Federal funds securities loaned sold,801,455,799 Short borrowings(8,984) interests,029,205,254) long borrowings,417,442,409 preferred stock,350 Redemption Treasury stock repurchased,162),408 Dividends(12,858) financing activities net(1,521),477) Net cash financing(126,257) Effect exchange rate changes cash deposits increase cash deposits(173,600),225 Cash,234,834 end#624,151,234,834 Cash interest paid,114,143,142 Cash taxes net,355,737"
}
{
    "_id": "JPM20234426",
    "title": "",
    "text": "Notes Consolidated Statements."
}
{
    "_id": "JPM20234430",
    "title": "",
    "text": "JPMorgan Chase & Co. Delaware 1968 leading financial services. operations worldwide. investment banking financial services commercial banking processing asset management. May 1, 2023 acquired assets liabilities First Republic Bank Federal Deposit Insurance. operations clients products services. reporting classification risk rating change. Note 34 First Republic acquisition."
}
{
    "_id": "JPM20234431",
    "title": "",
    "text": "accounting financial JPMorgan Chase subsidiaries conform. GAAP. guidelines regulatory."
}
{
    "_id": "JPM20234433",
    "title": "",
    "text": "Consolidated Financial Statements JPMorgan Chase. balances transactions eliminated."
}
{
    "_id": "JPM20234434",
    "title": "",
    "text": "Assets Firm not JPMorgan Chase included balance sheets."
}
{
    "_id": "JPM20234435",
    "title": "",
    "text": "Firm determines controlling interest evaluating voting variable."
}
{
    "_id": "JPM20234437",
    "title": "",
    "text": "Voting interest entities sufficient equity provide voting rights significant decisions operations. Firm’s determination interest based on voting equity interests. controlling financial interest majority contractual rights consolidated."
}
{
    "_id": "JPM20234438",
    "title": "",
    "text": "Investments in companies Firm majority equity interests accounted equity or fair value. investments included in assets income loss noninterest revenue."
}
{
    "_id": "JPM20234439",
    "title": "",
    "text": "Firm-sponsored management funds limited partnerships liability companies. Firm general partner managing member non-affiliated partners members remove without cause. majority vote or decisions. Firm consolidate voting entities. limited cases partners kick-out rights Firm evaluates funds consolidates if power significant interest."
}
{
    "_id": "JPM20234440",
    "title": "",
    "text": "Firm’s investment companies funds entities buyouts growth equity venture opportunities. accounted guidelines carried Consolidated balance sheets recorded assets noninterest revenue. consolidated retains accounting."
}
{
    "_id": "JPM20234442",
    "title": "",
    "text": "VIEs are entities lack equity without financial support equity investors make decisions through voting rights obligation absorb losses right receive residual returns."
}
{
    "_id": "JPM20234443",
    "title": "",
    "text": "common VIE SPE. used securitization transactions isolate assets distribute cash to investors. SPE structure company selling assets to SPE SPE funds issuing securities. legal documents specify cash investors. insulate investors from claims creditors."
}
{
    "_id": "JPM20234444",
    "title": "",
    "text": "primary beneficiary VIE. party controlling financial interest required consolidate assets liabilities. beneficiary party power direct activities impact economic performance interests"
}
{
    "_id": "JPM20234447",
    "title": "",
    "text": "obligation absorb losses receive benefits."
}
{
    "_id": "JPM20234448",
    "title": "",
    "text": "Firm direct activities VIE economic performance considers facts circumstances role rights responsibilities. assessment includes identifying activities performance party power over. parties significant decisions VIE asset managers collateral managers servicers owners call options liquidation rights remove decision-makers direct activities VIE."
}
{
    "_id": "JPM20234449",
    "title": "",
    "text": "Firm absorb losses right receive benefits considers economic interests debt equity investments servicing fees derivatives variable interests. assessment requires judgment interests significant. Factors significance include design capitalization structure subordination interests payment priority share interests capital structure reasons interests held."
}
{
    "_id": "JPM20234450",
    "title": "",
    "text": "Firm performs reassessments entities evaluated majority VIEs subject VIE consolidation framework changes facts VIE consolidation conclusion."
}
{
    "_id": "JPM20234451",
    "title": "",
    "text": "Note 14 VIEs."
}
{
    "_id": "JPM20234454",
    "title": "",
    "text": "Firm recognizes loans securities instruments level-yield rate. Note 7."
}
{
    "_id": "JPM20234456",
    "title": "",
    "text": "JPMorgan Chase recognizes noninterest revenue contracts deposit management commissions card income obligations. Note 6 revenue."
}
{
    "_id": "JPM20234458",
    "title": "",
    "text": "JPMorgan Chase assets liabilities fair value. Changes transactions. Notes 2 3 value. Note 6."
}
{
    "_id": "JPM20234460",
    "title": "",
    "text": "Consolidated Financial Statements estimates assumptions assets liabilities revenue expense disclosures. results."
}
{
    "_id": "JPM20234462",
    "title": "",
    "text": "JPMorgan Chase revalues liabilities revenue expense."
}
{
    "_id": "JPM20234463",
    "title": "",
    "text": "Gains losses translating currency statements. S Consolidated statements income. nonfunctional currency transactions. dollar statements income."
}
{
    "_id": "JPM20234465",
    "title": "",
    "text": ". GAAP permits present derivative receivables payables Consolidated balance sheets master netting agreement exists. permits securities sold purchased borrowed loaned net conditions met netting agreement. Firm elected net balances conditions."
}
{
    "_id": "JPM20234466",
    "title": "",
    "text": "Firm uses master netting agreements counterparty credit risk derivative contracts resale repurchase borrowed loaned. master netting agreement transactions terminated settled single payment currency default. bankruptcy failure payment transfer collateral. derivatives termination rights non-defaulting party transactions terminated valued positive netted against remaining payment netted termination amount. default repurchase"
}
{
    "_id": "JPM20234468",
    "title": "",
    "text": "loan transactions terminated accelerated values securities cash calculated sums netted remaining payment obligation netted termination amount."
}
{
    "_id": "JPM20234469",
    "title": "",
    "text": "master netting agreements contain collateral/margin agreement security interest title transfer securities cash to margin. requires transfer collateral/margin value equal to margin deficit across transactions. grants party default right set-off amounts payable against collateral cash equivalent. liquidate collateral/margin apply proceeds to payable counterparty."
}
{
    "_id": "JPM20234470",
    "title": "",
    "text": "Note 5 instruments. 11 securities financing agreements."
}
{
    "_id": "JPM20234472",
    "title": "",
    "text": "JPMorgan Chase’s cash defined amounts due banks deposits."
}
{
    "_id": "JPM20234475",
    "title": "",
    "text": "adoption guidance expanded ability fixed-rate assets more. clarified derivatives balance sheet presentation disclosure requirements hedge accounting adjustments. Firm HTM securities AFS designated portfolio layer hedge. impact earnings not material."
}
{
    "_id": "JPM20234476",
    "title": "",
    "text": "5 10 information."
}
{
    "_id": "JPM20234478",
    "title": "",
    "text": "adoption guidance eliminated accounting disclosure requirements TDRs discounted cash flow allowed non-DCF approach loans troubled borrowers. DCF discount rate post-modification."
}
{
    "_id": "JPM20234479",
    "title": "",
    "text": "Firm non-DCF portfolio-based modified loans borrowers except collateral-dependent risk-rated loans. Note 13 portfolio-based asset-specific approach."
}
{
    "_id": "JPM20234480",
    "title": "",
    "text": "adopted January 2023 credit losses $587 million earnings $446 million residential real estate credit."
}
{
    "_id": "JPM20234481",
    "title": "",
    "text": "guidance eliminated disclosure requirements TDRs. new guidance requires loan modifications principal forgiveness interest rate reduction payment delay term extension. Firm defined financial difficulty modifications. elimination loans FDMs differs TDRs. requires disclosure current charge-offs origination year."
}
{
    "_id": "JPM20234482",
    "title": "",
    "text": "Note 12."
}
{
    "_id": "JPM20234507",
    "title": "",
    "text": "table JPMorgan accounting policies. 175 197 instruments 203 Noninterest revenue expense 217 221 Pension 222 incentives 225 securities 227 232 Loans 235 credit losses 255 interest entities 261 Goodwill intangible assets 269 Premises equipment 274 Leases 275 Accounts payable liabilities 277 debt 278 Earnings share 283 Income taxes 285 instruments guarantees commitments 291 Litigation 298"
}
{
    "_id": "JPM20234510",
    "title": "",
    "text": "JPMorgan Chase carries assets liabilities fair value. predominantly carried recurring. Consolidated balance sheets. Certain assets unfunded commitments measured nonrecurring subject adjustments certain circumstances evidence impairment."
}
{
    "_id": "JPM20234511",
    "title": "",
    "text": "Fair value price sell transfer liability transaction market participants. based quoted market prices. models techniques transaction characteristics market parameters yield curves interest rates volatilities prices correlations foreign exchange rates credit curves. valuation adjustments."
}
{
    "_id": "JPM20234512",
    "title": "",
    "text": "precision estimating market inputs gain loss position. Firm believes valuation methods reflect management judgment vary across businesses portfolios."
}
{
    "_id": "JPM20234513",
    "title": "",
    "text": "Firm uses methodologies assumptions fair value. different participants different estimate fair value reporting date."
}
{
    "_id": "JPM20234515",
    "title": "",
    "text": "Risk-taking functions fair value estimates assets liabilities Consolidated balance sheets. Firm’s Valuation Control Group Finance independent estimates fair value adjustments. Firm’s Valuation Governance Forum finance risk executives risks valuation activities. chaired head VCG sub-forums CIB CCB CB AWM corporate functions Treasury CIO."
}
{
    "_id": "JPM20234517",
    "title": "",
    "text": "VCG verifies value estimates leveraging prices valuation inputs market data. additional review. market activity benchmarking valuation inputs decomposing valuation comparing cash flows profit loss trends collateral valuation. additional management review for significant positions."
}
{
    "_id": "JPM20234521",
    "title": "",
    "text": "VCG determines valuation adjustments estimates risk-taking. No adjustments to prices for instruments level 1 fair value hierarchy. judgment valuation adjustments liquidity unobservable parameters size net open risk position. determination follows framework valuation adjustments where observable external price valuation parameter exists lower reliability lower market activity. on market conditions. Factors include estimated bid-offer spread alternative pricing points reasonable values. Firm manages portfolios net open risk exposure. fair value transfer entire net open risk position. valuation adjustments reflect cost exiting larger net risk position. adjustments based on factors adverse market move. •Uncertainty adjustments to unobservable parameters when positions valued using prices parameters lack market activity"
}
{
    "_id": "JPM20234525",
    "title": "",
    "text": "market data. prices estimated subject to management judgment. Adjustments reflect uncertainty valuation estimate. Firm applies adjustments estimates fair value credit quality creditworthiness impact funding. Credit funding adjustments page 192."
}
{
    "_id": "JPM20234527",
    "title": "",
    "text": "prices quotes available fair value determined using valuation models transaction terms maturity market. price verification process applied inputs."
}
{
    "_id": "JPM20234528",
    "title": "",
    "text": "Firm’s Estimations Model Risk Management Policy MRGR reviews approves new models changes implementation operating. exceptions granted model review. mitigate model risk interim. actions model limitation trading activity."
}
{
    "_id": "JPM20234533",
    "title": "",
    "text": "three-level fair value hierarchy established under U. S. GAAP measurements. based on observability inputs valuation asset measurement date. three levels defined. 1 quoted prices identical assets active markets. 2 similar observable full term financial instrument. 3 more inputs unobservable significant."
}
{
    "_id": "JPM20234534",
    "title": "",
    "text": "financial categorization fair value based lowest input."
}
{
    "_id": "JPM20234536",
    "title": "",
    "text": "table valuation methodologies Firm products fair value classification value hierarchy."
}
{
    "_id": "JPM20234539",
    "title": "",
    "text": "Loans commitments wholesale Loans value-trading commitments"
}
{
    "_id": "JPM20234541",
    "title": "",
    "text": "Loans value residential sold"
}
{
    "_id": "JPM20234582",
    "title": "",
    "text": "methodology traded. valued quoted prices. Black-Scholes option pricing simulation valuation inputs contractual terms. key valuation inputs derivative underlying instruments equity prices commodity prices foreign exchange rates volatilities correlations CDS spreads recovery rates prepayment speed. unobservable inputs rate derivatives curve volatility spread Bermudan switch value-FX Foreign exchange correlation derivatives Credit correlation debt instruments derivatives equity price volatility derivatives price volatility correlation adjustments reflect counterparty credit quality impact funding. page 192. Mortgage servicing rights.Private equity investments value estimated information inputs Transaction prices Trading multiples companies Operating performance Adjustments-specific issues liquidity Additional inputs. mutual private equity hedge real estate asset value supported redeem purchase Adjustments restrictions redemption. lock-up withdrawal limitations activity limited Beneficial interests consolidated VIEs market information. valuations based fair value underlying assets."
}
{
    "_id": "JPM20234583",
    "title": "",
    "text": "investments measured value net asset value per share."
}
{
    "_id": "JPM20234586",
    "title": "",
    "text": "methodology fair value hierarchy Structured notes deposits borrowings long-term debt based discounted cash flow analyses embedded derivative terms payment structure. Black-Scholes option pricing simulation inputs. inputs vary embedded derivative. Adjustments valuation Firm’s credit risk. page 192. 2 3"
}
{
    "_id": "JPM20234656",
    "title": "",
    "text": "table assets liabilities December 2023 2022 product category hierarchy. liabilities December 31, 2023 millions adjustments Federal funds sold securities purchased resale Securities borrowed Trading assets Debt instruments Mortgage-backed securities. government agencies Residential Commercial mortgage-backed securities. Treasury GSEs government agencies Obligations. states municipalities Certificates deposit acceptances commercial.debt,582 Corporate,338 Loans Asset-backed securities,205 debt,843,198 Equity securities commodities,479,980 debt equity instruments,248,701 Derivative receivables Interest rate,298,367 Credit Foreign exchange Equity Commodity,042 derivative receivables,964,384,864 trading assets,212,297-sale securities Mortgage-backed securities.government agencies Residential nonagency Commercial mortgage securities. Treasury government agencies,683 Obligations. states municipalities Non-U.government debt securities,282 Corporate debt Asset-backed securities Collateralized loan obligations-sale securities,778 Loans,851 Mortgage servicing rights Other assets,322 Total assets,966,384,863 Deposits,551,384 Federal funds securities loaned sold Short borrowings,042 Trading liabilities Debt equity instruments,292 Derivative payables Interest rate Credit Foreign exchangeEquity,368 Commodity,504) derivative payables,776,125,847 trading liabilities,848,813,125,428 Accounts payable liabilities interests VIEs Long debt liabilities value recurring,546,182,125)"
}
{
    "_id": "JPM20234723",
    "title": "",
    "text": "value December 31, 2022 millions 3 adjustments Federal funds securities purchased resale Securities borrowed Trading assets Debt instruments Mortgage securities. GSEs agencies Residential Commercial mortgage-backed securities. Treasury GSEs Obligations. states municipalities Certificates deposit acceptances commercial.debt,213 Corporate Loans Asset-backed securities debt,404,188 Equity securities,483,208 commodities,270,210 debt instruments,909 Derivative receivables Interest rate,390,419 Credit Foreign exchange,214),365 Equity,774 Commodity,867 derivative receivables,880 trading assets,041,756 Available-sale securities Mortgage-backed securities.government agencies Residential nonagency Commercial mortgage-backed securities. Treasury government agencies,060 Obligations. states municipalities Non-U.government debt,591,696 Corporate debt Asset-backed securities Collateralized loan obligations-sale securities Loans Mortgage servicing rights Other assets,014 assets,239,365,451,626,105,603 Deposits,620 Federal funds securities loaned sold Short borrowings,792 Trading liabilities Debt equity instruments,835 Derivative payables Interest rate,970 Credit Foreign exchange,665,85Equity,657,804 Commodity derivative payables,009,372,141 trading liabilities,093,372 Accounts payable liabilities,038 interests VIEs Long debt,092,281 liabilities recurring,224,058(586,372),711"
}
{
    "_id": "JPM20234724",
    "title": "",
    "text": "2023 2022. obligations $78. $73. mortgage."
}
{
    "_id": "JPM20234725",
    "title": "",
    "text": "commodities inventories accounted cost net realizable value. GAAP not exceeding fair value less costs. costs not applicable immaterial value. net realizable value approximates fair value. fair value hedging below carrying value approximates fair value adjusted changes. Note 5 hedge accounting relationships. inventories included period."
}
{
    "_id": "JPM20234726",
    "title": "",
    "text": "reflect reduction securities owned identical securities sold."
}
{
    "_id": "JPM20234729",
    "title": "",
    "text": "investments net hierarchy. December 31, 2023 2022 values hedge equity real estate $1. 0 billion $950 million. trading assets $42 million $43 million other assets $984 million $907 million."
}
{
    "_id": "JPM20234730",
    "title": "",
    "text": "December 2023 2022. $9. 7 billion residential $6. 8 billion commercial. sell. $2. 9 billion $2. 4 billion."
}
{
    "_id": "JPM20234731",
    "title": "",
    "text": ". GAAP Firm receivables payables cash collateral netting agreement. level 3 balances netting benefit cash collateral."
}
{
    "_id": "JPM20234734",
    "title": "",
    "text": "Firm established processes fair value unobservable inputs 3). pages 175–179 valuation process fair value instruments."
}
{
    "_id": "JPM20234735",
    "title": "",
    "text": "Estimating fair value requires judgment. type level observable market information. instruments valued models unobservable inputs classified level 3 value judgments significant than levels 1 2."
}
{
    "_id": "JPM20234736",
    "title": "",
    "text": "value instrument level 3 determine valuation model. assess data transaction details yield curves interest rates prepayment speed default rates volatilities correlations prices foreign exchange credit curves."
}
{
    "_id": "JPM20234737",
    "title": "",
    "text": "table presents Firm’s level 3 financial instruments valuation techniques unobservable inputs range values weighted averages. 3 unobservable inputs instruments include observable components quoted validated. level 1 2 inputs not included. Firm manages risk observable components 3 using securities derivative positions levels 1 or 2."
}
{
    "_id": "JPM20234738",
    "title": "",
    "text": "range values table highest lowest level input significant groups instruments product classification. weighted averages calculated fair value instruments."
}
{
    "_id": "JPM20234739",
    "title": "",
    "text": "Firm’s input range average values reflect uncertainty estimates assumptions. reflect characteristics instruments distribution. two option contracts similar market risk valuation uncertainty different implied volatility levels different underlyings tenors strike prices. input range values vary characteristics balance sheet date."
}
{
    "_id": "JPM20234786",
    "title": "",
    "text": "3 inputs December 31, Product value millions valuation technique inputs values Residential mortgage securities loans cash flows speed default rate severity Commercial securities loans Corporate debt securities$242 Loans,335.debt securities comparables$2$109$91 interest rate derivatives rate volatility spread switch value rate correlation-FX correlation% cash flows speed credit derivatives correlation spread,617bps rate comparables$0$115$73 foreign exchange derivatives-FX correlation% cash flows speed rate curve equity derivatives equity price volatility correlation-FX correlation-IR correlation commodity derivatives commodity forward$84 BBL$270BBL$177 gas commodity forward$2$6$4 volatility correlation% MSRs cash flows Note 15 Long-term debt short borrowings deposits pricing rate volatility switch value rate correlation-FX correlation% correlation-FX correlation-IR correlation cash flows correlation severity level 3 assets liabilities"
}
{
    "_id": "JPM20234787",
    "title": "",
    "text": "categories table product type differ Consolidated balance sheets. inputs valuation technique not applicable every instrument characteristics differ."
}
{
    "_id": "JPM20234788",
    "title": "",
    "text": ". $758 million $5 million loans $980 million."
}
{
    "_id": "JPM20234789",
    "title": "",
    "text": "securities $12 million loans $65 million."
}
{
    "_id": "JPM20234790",
    "title": "",
    "text": "$619 million $716 million."
}
{
    "_id": "JPM20234791",
    "title": "",
    "text": "-term debt borrowings deposits include structured notes derivatives. fair value derivative features. inputs derivative receivables."
}
{
    "_id": "JPM20234792",
    "title": "",
    "text": "equity securities $671 million $544 million assets prices value EBITDA. level 3 assets liabilities insignificant."
}
{
    "_id": "JPM20234793",
    "title": "",
    "text": "input instruments. quoted prices price-based valuation techniques. price par value $100."
}
{
    "_id": "JPM20234794",
    "title": "",
    "text": "equity price percentage current."
}
{
    "_id": "JPM20234795",
    "title": "",
    "text": "weighted averages arithmetic averages."
}
{
    "_id": "JPM20234798",
    "title": "",
    "text": "discussion impact fair value measurement change unobservable input interrelationship between. impact changes inputs independent change. relationships between two unobservable inputs discussed. Relationships between observable unobservable inputs observable interest rates rise unobservable prepayment rates not included. inverse relationship."
}
{
    "_id": "JPM20234799",
    "title": "",
    "text": "discussion attributes underlying instruments market factors Firm’s positions."
}
{
    "_id": "JPM20234800",
    "title": "",
    "text": "Yield asset interest rate future cash flows. increase yield fair value measurement."
}
{
    "_id": "JPM20234801",
    "title": "",
    "text": "Credit spread annualized return over market interest rate credit risk. discount rate discounted cash flow calculation. increase spread fair value measurement."
}
{
    "_id": "JPM20234802",
    "title": "",
    "text": "yield credit spread mortgage-backed security reflect risk. impacted by coupon risk. yield credit spreads risk instruments. risk driven by subordination characteristics mortgages borrower FICO scores LTV ratios property tenants. corporate debt securities obligations. states municipalities credit spreads reflect credit quality obligor tenor."
}
{
    "_id": "JPM20234803",
    "title": "",
    "text": "Prepayment speed voluntary unscheduled repayments prepayable obligation collateralized pool. decline borrower delinquencies rise. increase assets premium par increase discount par."
}
{
    "_id": "JPM20234804",
    "title": "",
    "text": "Prepayment speeds vary driven by type location borrower tenor obligation. interest rate paid. pools higher credit quality higher prepayment rate factors equal."
}
{
    "_id": "JPM20234805",
    "title": "",
    "text": "Conditional default rate reduction collateral balance collateralized obligation defaults. no direct relationship between prepayment speeds collateralized obligations high prepayment speeds lower rates. increase in rates by loss severity credit spreads. increase rate fair value. rates reflect quality collateral structure. securities rates lower end range."
}
{
    "_id": "JPM20234806",
    "title": "",
    "text": "Loss severity recovery rate expected future losses liquidation loan net loss relative loan balance. increase loss severity conditional default rates. increase fair value measurement."
}
{
    "_id": "JPM20234807",
    "title": "",
    "text": "loss severity mortgage-backed security mortgages LTV ratio lender’s lien factors."
}
{
    "_id": "JPM20234810",
    "title": "",
    "text": "Correlation relationship variables. pricing input derivative product payoff driven underlying risks. inputs related type derivative. interest rate credit equity foreign exchange commodity risks. positively correlated increase. negatively correlated increase. increase correlation fair value measurement. short correlation position increase decrease fair value."
}
{
    "_id": "JPM20234811",
    "title": "",
    "text": "correlation in valuation derivatives with multiple risks depends on factors nature. correlation between credit different interest rate. tenor transaction impact correlation. correlation levels dependent on market conditions asset classes volatile market conditions."
}
{
    "_id": "JPM20234812",
    "title": "",
    "text": "Volatility variability returns instrument market index value. pricing input options equity commodity interest rate. higher volatility riskier instrument. long position increase volatility increase fair value measurement."
}
{
    "_id": "JPM20234813",
    "title": "",
    "text": "volatility in valuation option-based derivative depends on factors risk. volatility equity security commodity tenor derivative strike price option."
}
{
    "_id": "JPM20234814",
    "title": "",
    "text": "Bermudan switch value difference between Bermudan swaption European swaption reflects additional value multiple exercise dates. market conditions vary tenor swap strike price option. increase switch value fair value measurement."
}
{
    "_id": "JPM20234815",
    "title": "",
    "text": "Interest rate curve relationship rates differing tenors. exchange cash flows pricing input discounting cash."
}
{
    "_id": "JPM20234816",
    "title": "",
    "text": "Forward price buyer purchase asset contract future delivery date value zero inception."
}
{
    "_id": "JPM20234817",
    "title": "",
    "text": "forward price derivatives depends interest rates current price underlying asset expected income costs seller holding asset until delivery date. increase forward fair value."
}
{
    "_id": "JPM20234819",
    "title": "",
    "text": "tables include Consolidated balance changes fair value financial instruments 3 years 2023 2022 2021. 3 unobservable inputs value. level 3 instruments include observable components quoted validated gains losses include changes fair value due to observable factors valuation. Firm risk-manages observable components 3 instruments using securities derivative positions classified level 1 or 2 risk management instruments gains losses reflect risk management activities."
}
{
    "_id": "JPM20234864",
    "title": "",
    "text": "value measurements inputs Year December 31, 2023 millions value January 1, gains value Dec. 31, unrealized gains financial instruments Dec. 31, 2023 Assets Federal funds sold securities purchased resale Trading assets Debt instruments Mortgage-backed securities. government agencies Residential Commercial mortgage-backed securities Obligations.states municipalities####7.debt securities Corporate debt securities(172(41) Loans Asset-backed securities Total debt instruments,178(840),138 Equity securities(53)(384 Physical commodities(58) Total trading assets debt equity instruments,909,135,315)(984) Net derivative receivables Interest rate,117(60)(29) Foreign exchange(80) Equity(384(1,931),306)(600,402) Commodity(51) derivative receivables,329(2,645)(843),120(1,852)-sale securities Corporate debt securities-sale securities Loans,398,147,306(1,065) Mortgage servicing rights Other assets(36)(82) value measurements Year December 31, 2023 value January 1, realized(gains/losses level 3 value Dec. 31, in unrealized/losses financial instruments Dec. 31, 2023 level 3 Liabilities Deposits#2,162#95 Short-term borrowings####201,345 Trading liabilities debt equity instruments Accounts payable liabilities Long-term debt,092####3,010,679####2,870"
}
{
    "_id": "JPM20234910",
    "title": "",
    "text": "value measurements Year December 2022 January 1 2022 gains 3 Federal funds sold securities purchased resale Trading assets Debt instruments Mortgage securities. GSEs government agencies Residential Commercial mortgage-backed securities Obligations. states municipalities.debt securities Corporate debt securities(51) Asset-backed securities debt instruments,249 Equity securities(1,036)(377 Physical commodities trading assets debt equity instruments(1,082),762(1,653) Net derivative receivables Interest rate Foreign exchange Equity net derivative receivables Available-for-sale securities Corporate debt securities-for-sale securities(261)(886) Mortgage rights,198(822)(936) assets value measurements Year December 31, 2022 millions value January 1, 2022 3 Liabilities Deposits Short-term borrowings(4,685) Trading liabilities debt instruments Accounts payable liabilities(16) Long debt,869)(8,876)"
}
{
    "_id": "JPM20234955",
    "title": "",
    "text": "value measurements inputs Year December 2021 value January 1 gains Federal funds securities purchased resale Trading assets Debt instruments Mortgage securities. GSEs government agencies Residential Commercial mortgage-backed securities Obligations. states municipalities.debt securities Corporate debt securities Loans Asset-backed securities debt instruments Equity securities(77 Physical commodities trading assets debt equity instruments(1,855) Net derivative receivables Interest rate,789 Foreign exchange Equity net derivative receivables(4,993) Available-for-sale securities Corporate debt securities available-for-sale securities Loans(87)(965) Mortgage rights,276(788 assets value Year December 31, 2021 millions value January 1, Liabilities Deposits,913(80) Short-term borrowings,420,391),308) Trading liabilities debt equity Accounts payable liabilities Long-term debt,397(c)(f,191)"
}
{
    "_id": "JPM20234956",
    "title": "",
    "text": "3 assets fair value Firm 2% at December 31, 2023 2022 2021. Level 3 liabilities 8% December 2023 2022 10% December 31, 2021."
}
{
    "_id": "JPM20234957",
    "title": "",
    "text": "level 3 derivatives basis counterparty."
}
{
    "_id": "JPM20234960",
    "title": "",
    "text": "reported transactions changes value CCB mortgage loans purchase commitments mortgage fees income."
}
{
    "_id": "JPM20234961",
    "title": "",
    "text": "gains AFS securities investment. OCI. level 3 securities not material years 2023 2022 2021."
}
{
    "_id": "JPM20234962",
    "title": "",
    "text": "MSRs mortgage fees income."
}
{
    "_id": "JPM20234963",
    "title": "",
    "text": "DVA value option transactions 2023 2022 2021. Unrealized OCI $(158) $(529) million $258 million 2023 2022 2021."
}
{
    "_id": "JPM20234964",
    "title": "",
    "text": "purchases."
}
{
    "_id": "JPM20234965",
    "title": "",
    "text": "assets liabilities matured repaid modifications deconsolidations interests."
}
{
    "_id": "JPM20234968",
    "title": "",
    "text": "describes changes level 3 assets since December 2022 measured fair value. Assets liabilities measured page 193 changes."
}
{
    "_id": "JPM20234970",
    "title": "",
    "text": "$23. billion 2023 $30 million."
}
{
    "_id": "JPM20234973",
    "title": "",
    "text": "2023$1. 7 billion non-trading loans. CIB First Republic.$549 million MSRs"
}
{
    "_id": "JPM20234975",
    "title": "",
    "text": "offset. billion receivables settlements gains purchases."
}
{
    "_id": "JPM20234976",
    "title": "",
    "text": "Note 15."
}
{
    "_id": "JPM20234977",
    "title": "",
    "text": "sections information."
}
{
    "_id": "JPM20234983",
    "title": "",
    "text": "December 2023 transfers 2 3$951 million interest rate receivables $2. 1 billion payables transition SOFR.$1. 5 billion equity receivables $829 million payables observability unobservable.$1. 3 billion non-trading loans observability."
}
{
    "_id": "JPM20234988",
    "title": "",
    "text": "2023 transfers 3 2$1. 1 billion debt equity trading loans observability.$921 million interest rate receivables observability.$2. 3 billion equity receivables $1. 7 billion equity payables observability.$1. 1 billion non-trading loans observability."
}
{
    "_id": "JPM20234994",
    "title": "",
    "text": "December 2022 transfers 2 3$2. 4 billion debt equity instruments equity securities $1. 1 billion restricted access trading loans $925 million.$1. 6 billion interest rate receivables $878 million payables.$1. 6 billion equity receivables $2. 3 billion payables.$1. 1 billion non-trading loans.$793 million long-term debt unobservable."
}
{
    "_id": "JPM20235001",
    "title": "",
    "text": "December 2022 transfers 3 2$1. 2 billion debt equity instruments trading loans observability.$1. 2 billion interest rate receivables $807 million payables observability.$2. 2 billion equity receivables $2. 3 billion payables.$831 million non-trading loans.$1. 0 billion long-term debt."
}
{
    "_id": "JPM20235005",
    "title": "",
    "text": "2021 transfers 2 3$1. billion debt equity trading loans observability.$1. 5 billion equity receivables $1. 2 billion payables unobservable. billion non-trading loans."
}
{
    "_id": "JPM20235010",
    "title": "",
    "text": "2021 transfers 3 2$1. 4 billion debt equity instruments trading loans observability.$1. 9 billion equity receivables $2. 1 billion payables observability.$794 million non-trading loans.$809 million long-term debt."
}
{
    "_id": "JPM20235011",
    "title": "",
    "text": "transfers based changes valuation inputs assumed quarterly reporting period."
}
{
    "_id": "JPM20235022",
    "title": "",
    "text": "describes gains instruments measured fair value December 2023 2022 2021. exclude risk management activities level 1 2. Changes level 3 fair value measurements pages 186–190 information.$1. 8 billion gains assets interest rate receivables MSRs.$3. 3 billion losses liabilities long debt.$7. 7 billion gains assets equity receivables MSRs.$4. 6 billion gains liabilities decline value long-term debt.$495 million gains assets interest rate offset losses equity commodity.$1. 1 billion gains liabilities short borrowings."
}
{
    "_id": "JPM20235023",
    "title": "",
    "text": "Note 15."
}
{
    "_id": "JPM20235027",
    "title": "",
    "text": "Derivatives valued using models market parameters. counterparty nonperformance risk credit quality funding costs. necessary adjustments reflect."
}
{
    "_id": "JPM20235028",
    "title": "",
    "text": "CVA adjustment benchmark interest rate counterparty nonperformance risk. Firm estimates CVA scenario analysis positive credit exposure positions counterparty estimates losses probability default recovery rate counterparty credit event factors. inputs probability default CDS spreads estimated recovery rates CDS spreads differences senior unsecured creditor risk."
}
{
    "_id": "JPM20235029",
    "title": "",
    "text": "FVA adjustment impact funding recognized market participant transfer instrument. Firm’s FVA framework uncollateralized-counter derivatives incorporates expected funding requirements positions"
}
{
    "_id": "JPM20235030",
    "title": "",
    "text": "counterparty collateral arrangements estimated market funding cost credit risk. collateralized derivatives fair value future cash flows swap rate separate FVA."
}
{
    "_id": "JPM20235035",
    "title": "",
    "text": "table impact credit funding adjustments transactions revenue excluding hedging activities. FVA includes credit quality liabilities changes. Year December 31, millions Credit funding adjustments CVA#362 FVA"
}
{
    "_id": "JPM20235037",
    "title": "",
    "text": "valuation Firm’s liabilities value option requires credit risk. DVA reflects probability default LGD estimated credit spread. Realized/losses DVA reported principal transactions revenue. Unrealized/losses OCI. page 190 Note 24 information."
}
{
    "_id": "JPM20235039",
    "title": "",
    "text": "Assets liabilities nonrecurring"
}
{
    "_id": "JPM20235054",
    "title": "",
    "text": "tables present assets liabilities December 31, 2023 2022 nonrecurring fair value adjustments recorded product category fair value hierarchy. millions value hierarchy Loans#599,156 Other assets,334 assets nonrecurring#651#2,490 Accounts payable liabilities liabilities December 31, 2022 millions value hierarchy Loans#643#627 Other assets,352 assets#1,979 Accounts payable liabilities liabilities"
}
{
    "_id": "JPM20235055",
    "title": "",
    "text": "Included impairments equity investments securities values adjusted price changes issuer. $1. 3 billion level 3 assets December 31, 2023 $412 million equity securities adjusted alternative. infrequency prices restrictions shares."
}
{
    "_id": "JPM20235062",
    "title": "",
    "text": "table presents change value assets liabilities adjustments recognized 2023 2022 2021. millions Loans(72) Other assets Accounts payable liabilities(83) nonrecurring value gains(1,065)"
}
{
    "_id": "JPM20235063",
    "title": "",
    "text": "$(232) $(338) $379 million 2023 2022 2021 gains. impairments equity investments."
}
{
    "_id": "JPM20235064",
    "title": "",
    "text": "Note 12 loans."
}
{
    "_id": "JPM20235068",
    "title": "",
    "text": "Firm measures equity securities values cost less impairment price changes investment. recognized income."
}
{
    "_id": "JPM20235069",
    "title": "",
    "text": "new carrying values price changes Firm prices fair values. adjustments rights obligations securities valuation techniques private equity investments."
}
{
    "_id": "JPM20235076",
    "title": "",
    "text": "table presents value equity securities values December 31, 2023 2022 measured alternative adjustments recorded price changes. securities included nonrecurring fair value tables price changes observable. December 31, Carrying value,096"
}
{
    "_id": "JPM20235077",
    "title": "",
    "text": "period-end values reflect purchases sales changes."
}
{
    "_id": "JPM20235078",
    "title": "",
    "text": "cumulative carrying changes 2023. billion."
}
{
    "_id": "JPM20235079",
    "title": "",
    "text": "downward January December 31, 2023. billion."
}
{
    "_id": "JPM20235080",
    "title": "",
    "text": "Firm’s interest in 37 million Visa Class B shares. subject transfer restrictions convertible into Visa Class A shares conversion rate litigation matters. conversion rate 1. 5875 at December 31, 2023 adjusted. outcome conversion rate unknown. December 31, 2023 uncertainty transfer restrictions final conversion rate. Visa B shares not similar Visa A held at nominal carrying value."
}
{
    "_id": "JPM20235081",
    "title": "",
    "text": "sales Visa B Firm entered derivative instruments retains risk conversion rate. payments conversion rate interest payments. payments continue shares transfer restrictions. instruments accounted fair value discounted cash flow methodology estimate resolution. recorded trading liabilities changes fair value recognized income. December 31, 2023 held derivative instruments 23 million Visa B shares subject similar terms conditions."
}
{
    "_id": "JPM20235082",
    "title": "",
    "text": "January 24, 2024 Visa filed Report Form 8-K SEC stockholders approved amendments Certificate Incorporation Visa B shares Class B-1 shares exchange offers transfer restrictions Visa B-1 shares Class C shares. Firm exchange Visa B-1 shares B-2 shares C shares. Visa B-2 shares transfer restrictions. Firm sell Visa C shares lock-up extend offers future exchanges release additional Visa B shares conditions. actions Visa factors."
}
{
    "_id": "JPM20235084",
    "title": "",
    "text": "disclosures financial instruments Consolidated balance sheets"
}
{
    "_id": "JPM20235085",
    "title": "",
    "text": ". GAAP requires estimated value financial instruments table. nonfinancial intangible financial instruments customer relationships. add value JPMorgan Chase."
}
{
    "_id": "JPM20235087",
    "title": "",
    "text": "financial instruments carried balance sheets"
}
{
    "_id": "JPM20235088",
    "title": "",
    "text": "approximate fair value short-term negligible credit risk. include cash deposits federal funds receivables borrowings federal funds loaned accounts payable accrued liabilities. GAAP requires fair value deposit liabilities maturity. carrying value funding value."
}
{
    "_id": "JPM20235108",
    "title": "",
    "text": "table presents value hierarchy carrying estimated values December 31, 2023 2022 financial assets liabilities excluding instruments carried recurring classification. 31, 2023 2022 fair value hierarchy billions value 1 2 estimated fair value Financial assets Cash due from banks. Deposits with banks. Accrued interest accounts receivable. Federal funds sold securities purchased under resale agreements. Securities borrowed. Investment securities held-to-maturity.####160.####182.####425.####189####199 Loans loan losses####1,262.####964.####1,073####194.####853.####1,047####76####74 4####76####101.####99####101. Financial liabilities Deposits#2,322. Federal funds securities loaned sold repurchase agreements####47.####47 Short-term borrowings####24.####24 Accounts payable liabilities####241.####233.####8####241. 4####257.####251.####5####256. Beneficial interests consolidated. Long-term debt####303.####252.####51####303.####223 8####219."
}
{
    "_id": "JPM20235109",
    "title": "",
    "text": "value estimated discounted cash flow model characteristics underlying loans principal contractual interest rate fees credit losses interest rates prepayment rates market spreads. certain value measured underlying collateral. Carrying value losses expected credit losses. difference market interest rates credit spreads liquidity premiums."
}
{
    "_id": "JPM20235110",
    "title": "",
    "text": "FHLB 2 borrowings Purchase Money Note 3 Republic. Notes 20 34."
}
{
    "_id": "JPM20235117",
    "title": "",
    "text": "Firm’s lending commitments not carried fair value Consolidated balance sheets. carrying estimated fair value periods. 31, 2023 31, 2022 fair value hierarchy billions) value 1 2 estimated fair value Wholesale lending commitments."
}
{
    "_id": "JPM20235118",
    "title": "",
    "text": "guarantee liability offsetting asset recognized inception guarantees."
}
{
    "_id": "JPM20235119",
    "title": "",
    "text": "wholesale lending."
}
{
    "_id": "JPM20235120",
    "title": "",
    "text": "December 31, 2023 adjustments First Republic unfunded $1. 1 billion. Notes 28 34."
}
{
    "_id": "JPM20235121",
    "title": "",
    "text": "Firm estimate consumer lending commitments. reduce cancel commitments notice without notice. Refer page 177 valuation lending commitments."
}
{
    "_id": "JPM20235124",
    "title": "",
    "text": "fair value option assets liabilities firm loan."
}
{
    "_id": "JPM20235125",
    "title": "",
    "text": "Firm elected measure instruments fair value mitigate income statement volatility differences measurement basis instruments. risk management arrangements fair reflect instruments managed fair value."
}
{
    "_id": "JPM20235131",
    "title": "",
    "text": "election fair value includes securitization bifurcation accounting lending commitments securities financing agreements interests securitized assets credit derivatives notes hybrid instruments derivatives issued client activities long interests consolidated securitization trusts assets fair value"
}
{
    "_id": "JPM20235155",
    "title": "",
    "text": "table presents changes fair value statements income years 2023 2022 2021 option elected. profit loss includes financial instruments elected risk management instruments not.December 31, millions changes fair value changes value Federal funds sold securities purchased resale Securities borrowed(200 Trading assets Debt equity instruments excluding loans,656(1,703),171) Loans trading assets Changes instrument credit risk changes fair value####5####(59) Loans Changes instrument-specific credit risk(242)(7) changes fair value####216####643(1,421)(794),215)####2,056 assets(26)(14) Deposits(2,582) Federal funds securities loaned Short-term borrowings Trading liabilities(24) Beneficial interests Other liabilities(16)(11)(17) Long-term debt(5,875)(78)(5,953)####8,990####98####9,088(980)(976)"
}
{
    "_id": "JPM20235156",
    "title": "",
    "text": "gains credit risk fair value option recorded OCI realized gains principal transactions revenue. gains transactions years 2023 2022 2021."
}
{
    "_id": "JPM20235157",
    "title": "",
    "text": "-term debt relates structured notes. risk managed gains include income statement impact risk management instruments."
}
{
    "_id": "JPM20235158",
    "title": "",
    "text": "mortgage income."
}
{
    "_id": "JPM20235159",
    "title": "",
    "text": "income."
}
{
    "_id": "JPM20235160",
    "title": "",
    "text": "fair value exclude contractual interest included income expense instruments CIB. Note 7."
}
{
    "_id": "JPM20235161",
    "title": "",
    "text": "credit risk fair value option"
}
{
    "_id": "JPM20235163",
    "title": "",
    "text": "describes gains losses instrument credit risk. commitments floating-rate instruments changes attributed credit risk. fixed-rate allocation interest rate credit. Allocations based borrower-specific credit spread recovery"
}
{
    "_id": "JPM20235166",
    "title": "",
    "text": "benchmarking similar entities.-term debt Changes value instrument-specific credit risk Firm’s credit spread bond market. financing agreements collateral market value equal principal loaned no adjustment instrument-specific credit risk."
}
{
    "_id": "JPM20235168",
    "title": "",
    "text": "value contractual balance"
}
{
    "_id": "JPM20235190",
    "title": "",
    "text": "table fair value balance 2023 2022 loans debt interests fair value option elected.December 31, millions principal value Loans Nonaccrual loans trading assets,987(2,399),149 Loans Subtotal,320,197,287) 90 days past due government guaranteed Loans loans trading assets,135 Loans,060,135 Subtotal,467,270,141 Total loans,385(4,978),019,437 Long-term debt Principal-protected debt,768,882(8,886,341,105,236) Nonprincipal-protecteddebt,042,176 long-term debt,281-term interests Nonprincipal-protected debt long-term interests"
}
{
    "_id": "JPM20235191",
    "title": "",
    "text": "balances excluded loans insured guaranteed."
}
{
    "_id": "JPM20235192",
    "title": "",
    "text": "no loans ninety December 2023 2022."
}
{
    "_id": "JPM20235193",
    "title": "",
    "text": "contractual principal not applicable nonprincipal-protected notes long beneficial interests. Unlike principal-protected principal maturity nonprincipal-protected obligate principal return based performance underlying variable. investors exposed credit risk Firm nonprincipal-protected principal notes."
}
{
    "_id": "JPM20235194",
    "title": "",
    "text": "Firm issues-protected zero-coupon discount notes balance maturity next call."
}
{
    "_id": "JPM20235195",
    "title": "",
    "text": "December 2023 2022 $9. 7 billion. 6 billion $97 million $24 million. Note 28 off-balance sheet."
}
{
    "_id": "JPM20235208",
    "title": "",
    "text": "table presents value structured notes balance sheet classification risk type. 31, 2023 31, millions-term debt-term borrowings Risk exposure Interest rate,604,784,973,888 Credit,444,105,275 Foreign exchange,733 Equity,685,905,073,681 Commodity Total structured notes,200,258,271,029"
}
{
    "_id": "JPM20235209",
    "title": "",
    "text": "deposits metals value $627 million $602 million 2023 2022."
}
{
    "_id": "JPM20235212",
    "title": "",
    "text": "credit risk arise clients counterparties customers similar business activities same region economic features obligations economic conditions."
}
{
    "_id": "JPM20235213",
    "title": "",
    "text": "JPMorgan Chase monitors credit portfolios risk collateral. Senior management involved credit approval risk levels adjusted risk appetite."
}
{
    "_id": "JPM20235214",
    "title": "",
    "text": "consumer portfolio concentrations managed product U. S. region focus trends level credit risk underwriting policies portfolio guidelines. Note 12. wholesale portfolio credit risk evaluated industry monitored portfolio individual."
}
{
    "_id": "JPM20235215",
    "title": "",
    "text": "sales securitizations derivatives agreements collateral risk-reduction techniques. Note 12."
}
{
    "_id": "JPM20235216",
    "title": "",
    "text": "Firm believe exposure loan product credit risk."
}
{
    "_id": "JPM20235217",
    "title": "",
    "text": "loan products collateral coverage extending credit allowance losses. Note 13."
}
{
    "_id": "JPM20235252",
    "title": "",
    "text": "table consumer wholesale credit exposure portfolio segments December 2023 2022. wholesale risk business activity.exposure-balance-balance sheet December 31, millions Consumer excluding credit card,496,403,375 Credit card,126,781 Total consumer,277,351,352 Wholesale Real Estate,261,469,857 Individuals Entities,849,785,815 Asset Managers,574,471,656 Consumer Retail,086,799,555 Technology Media Telecommunications,296,395,286 Industrials,092,209,483 Healthcare,025Banks Companies,177,338,246 Utilities,396,598,218,269 Govt,986,847 Oil Gas,290,668 Automotive,977,090,287 Chemicals Plastics,773,874,030 Insurance,501,138,828 Govt,704,669,095,955 Transportation,060,425,009 Metals Mining,508,579 Securities Firms,689,285 Financial Markets Infrastructure,251,155,777,032,711,307,075,264,122,864,786,146,530,880 Loans-sale fair value,018,427 Receivables,257 wholesale,341,765,864,786,880 exposure,924,042,323,706,864,566,135,647,880"
}
{
    "_id": "JPM20235253",
    "title": "",
    "text": "commercial card CB CIB."
}
{
    "_id": "JPM20235254",
    "title": "",
    "text": "industry rankings December 31, 2022 based December 31, 2023 not 2022."
}
{
    "_id": "JPM20235255",
    "title": "",
    "text": "Global Private Bank clients AWM. Morgan Wealth Management companies trusts."
}
{
    "_id": "JPM20235256",
    "title": "",
    "text": "risk governments. 2022 Firm $5. 9 $6. 6 billion trading assets $21. 4. 8 AFS securities $9. $19. 7 billion HTM securities. Note 2 10."
}
{
    "_id": "JPM20235257",
    "title": "",
    "text": "SPEs organizations 94% 6% December 2023 95% 5% 31, 2022. Note 14."
}
{
    "_id": "JPM20235258",
    "title": "",
    "text": "reflect loans clients CIB CCB AWM collateralized assets accounts cash liquid debt securities."
}
{
    "_id": "JPM20235259",
    "title": "",
    "text": "cash $614. $556. 6 billion December 2023 2022 Federal Reserve."
}
{
    "_id": "JPM20235260",
    "title": "",
    "text": "exposure net risk excludes derivatives management receivables loans securities cash collateral."
}
{
    "_id": "JPM20235261",
    "title": "",
    "text": "First Republic. billion Consumer $90. billion Wholesale Real Estate Asset Managers."
}
{
    "_id": "JPM20235262",
    "title": "",
    "text": "December 2023 2022 $94 million $350 million loans. guaranteed SBA. Firm recognize charge-offs loan losses."
}
{
    "_id": "JPM20235263",
    "title": "",
    "text": "instruments."
}
{
    "_id": "JPM20235266",
    "title": "",
    "text": "Derivative contracts from prices indices reference rates inputs expose counterparties to risks rewards without. JPMorgan Chase makes markets derivatives uses risk. derivatives market-making risk management."
}
{
    "_id": "JPM20235268",
    "title": "",
    "text": "Firm’s derivatives market-making. Clients use interest credit foreign exchange equity commodity risks. Firm manages risks contracts purchasing instruments."
}
{
    "_id": "JPM20235270",
    "title": "",
    "text": "Firm manages market credit risk instruments hedge accounting assets liabilities."
}
{
    "_id": "JPM20235271",
    "title": "",
    "text": "Firm uses interest rate derivatives risk. Fixed-rate assets liabilities depreciate rates. interest income expense increase variable-rate resetting repayment origination issuance-rate. Gains losses derivative instruments offset variability."
}
{
    "_id": "JPM20235272",
    "title": "",
    "text": "currency derivatives exchange risk. non-U. dollar assets liabilities transactions Firm’s investments non-U. subsidiaries branches. dollar fluctuations currencies. dollar–equivalent assets revenues expenses increase decrease. Gains losses derivative instruments offset variability."
}
{
    "_id": "JPM20235273",
    "title": "",
    "text": "Commodities derivatives manage price risk inventories. Gains offset inventory."
}
{
    "_id": "JPM20235274",
    "title": "",
    "text": "derivatives counterparty credit risk loans lending commitments. compensate purchaser credit event bankruptcy failure. CDS. derivatives pages 214–216 discussion."
}
{
    "_id": "JPM20235275",
    "title": "",
    "text": "risk management derivatives losses page 214 hedge accounting 211–213."
}
{
    "_id": "JPM20235277",
    "title": "",
    "text": "Firm enters OTC derivatives negotiated settled counterparty. ETD futures options OTC-cleared contracts CCPs. cleared CCP counterparty. derivatives traded novated CCP clearing."
}
{
    "_id": "JPM20235279",
    "title": "",
    "text": "Firm provides services member exchanges houses. reflect derivative contracts Consolidated Financial Statements. Note 28."
}
{
    "_id": "JPM20235281",
    "title": "",
    "text": "derivatives Firm Consolidated balance sheets fair value."
}
{
    "_id": "JPM20235282",
    "title": "",
    "text": "permitted. GAAP Firm nets derivative assets liabilities cash collateral receivables netting agreement counterparty. Note 1 offsetting. accounting derivative hedge accounting. not fair value earnings. tabular disclosures pages 207–214 derivative assets liabilities gains losses. Notes 2 3 derivatives."
}
{
    "_id": "JPM20235286",
    "title": "",
    "text": "Firm applies hedge accounting derivatives interest rate foreign exchange commodity. JPMorgan Chase hedge all derivatives. apply CDS credit risk difficulties qualifying. apply hedge accounting interest rate foreign exchange commodity derivatives."
}
{
    "_id": "JPM20235287",
    "title": "",
    "text": "for hedge accounting derivative effective risk hedged. derivative risk management objective strategy documented. documentation derivative hedging instrument asset transaction risk hedged effectiveness retrospectively. Firm uses statistical regression analysis nonstatistical methods dollar-value comparisons qualitative comparisons of critical terms evaluation changes. derivative offsetting changes fair value cash flows assessed documented quarterly. If derivative not effective hedge accounting discontinued."
}
{
    "_id": "JPM20235288",
    "title": "",
    "text": "three hedge fair value cash flow net investment. JPMorgan Chase fair value hedges debt AFS securities commodities inventories. changes hedged recognized earnings. amounts excluded recorded OCI recognized earnings. hedge terminated adjustment amortized yield adjustment. Derivative amounts earnings recognized net interest income principal transactions revenue."
}
{
    "_id": "JPM20235289",
    "title": "",
    "text": "January 1, 2023 Firm adopted portfolio layer method hedge expanded hedge fixed-rate assets more."
}
{
    "_id": "JPM20235290",
    "title": "",
    "text": "Firm employs Portfolio Layer Method interest rate risk fixed-rate assets. adjustments maintained portfolio allocated assets. hedged voluntary de-designation."
}
{
    "_id": "JPM20235291",
    "title": "",
    "text": "JPMorgan Chase uses cash flow hedges variability cash floating-rate assets liabilities foreign revenue expense. changes value derivative recorded OCI recognized earnings. affecting earnings recognized noninterest revenue income compensation expense. hedge relationship terminated change value recognized. hedge relationships discontinued related derivative values recognized earnings."
}
{
    "_id": "JPM20235292",
    "title": "",
    "text": "JPMorgan Chase hedges non-U. S. subsidiaries branches. dollar. changes exchange rates recorded OCI translation adjustments. Amounts excluded recorded earnings."
}
{
    "_id": "JPM20235309",
    "title": "",
    "text": "table outlines Firm’s uses derivatives hedge accounting designation category. Type Derivative disclosure segment unit reference risk exposures hedge accounting relationships rate fixed rate assets liabilities floating-rate assets liabilities exchange foreign currency-denominated assets liabilities forecasted revenue expense investments non-U. dollar currency entities •Commodity commodity inventory hedge risk exposures not risk mortgage commitments warehouse loans MSRs •Credit risk wholesale rate foreign exchange risk assets liabilities-making derivatives other activities risk management"
}
{
    "_id": "JPM20235341",
    "title": "",
    "text": "table derivative contracts 2023 2022. amounts Interest rate contracts Swaps,491 Futures forwards contracts,166 Credit derivatives,132 Foreign exchange contracts Cross swaps,196 futures forwards,017 exchange contracts,747 Equity contracts Swaps Futures forwards equity contracts Commodity contracts Swaps futures commodity contracts derivative amounts,476"
}
{
    "_id": "JPM20235342",
    "title": "",
    "text": "Credit derivatives pages volumes contracts."
}
{
    "_id": "JPM20235343",
    "title": "",
    "text": "long short third-party contracts."
}
{
    "_id": "JPM20235344",
    "title": "",
    "text": "notional amounts volume Firm’s derivatives activity exceed possible losses. contracts notional amount not exchanged reference payments."
}
{
    "_id": "JPM20235366",
    "title": "",
    "text": "table summarizes derivative receivables payables Firm’s balance sheets December 2023 2022 accounting designation. contract type.-standing derivative receivables payables derivative receivables December 31, 2023 millions designated hedges receivables(b Trading assets liabilities Interest rate,689,691,324,482 Credit Foreign exchange,010,775,623,263,620 Equity,689 Commodity,228 Total fair value trading assets liabilities,270,248,864,240,847 derivative receivables December 31, 2022 millions designated hedges receivables receivablesdesignated hedges derivative payables Trading assets liabilities Interest rate,411,415,419,291,970 Credit,329 Foreign exchange,365,856 Equity,139,461,804 Commodity,652,357,867,758,269 Total value trading assets liabilities,251,342,880,392,121,141"
}
{
    "_id": "JPM20235367",
    "title": "",
    "text": "exclude notes fair value. Note 3."
}
{
    "_id": "JPM20235368",
    "title": "",
    "text": "permitted. GAAP Firm net receivables payables collateral netting agreement."
}
{
    "_id": "JPM20235372",
    "title": "",
    "text": "tables present December 31, 2023 2022 gross net derivative receivables payables by contract settlement type. cash collateral netted Consolidated balance sheets legal opinion. amounts not eligible netting separately tables."
}
{
    "_id": "JPM20235407",
    "title": "",
    "text": "cash collateral transferred Firm receives transfers additional collateral (financial instruments cash. mitigate credit risk not eligible net presentation liquid securities cash third-party custodians \"Collateral not nettable Consolidated balance sheets up to fair value exposure. liquid securities high quality liquid assets LCR rule collateral exceeds fair value exposure level excluded from tables derivative receivables payables legal opinion not sought obtained excluded tables. December 31, millions derivative netted.GAAP derivative Interest rate contracts OTC,901(152,703),198,261),661,800 Exchange-traded interest rate contracts,722,367,281,285 Credit contracts OTC(7,474,877 credit contracts(9,103 Foreign exchange contracts OTC,624(187,145 Exchange-traded foreign exchange contracts,099,417 Equity contracts OTC,001(23,677,323 Exchange-traded,467,109,358 equity contracts,463,790,774 Commodity contracts OTC–cleared Exchange-traded,214,190,103 commodity contracts,396,397,653,163 Derivative receivables legal opinion(484,384,837,361,648 Derivative receivables legal opinion,232 receivables balance sheets,248,864,880 Collateral not nettable(22,461 Net,403,866"
}
{
    "_id": "JPM20235439",
    "title": "",
    "text": "December 31, millions derivative netted Consolidated balance sheets derivative.GAAP derivative Interest rate contracts OTC,901,467,434,108,890,218,007,126 Exchange-traded interest rate contracts,344(228,586,321 Credit contracts OTC,332(9(7,572 credit contracts,971,949 Foreign exchange contracts OTC,386(199,173 Exchange-traded foreign exchange contracts,965,665 Equity contracts OTC,999(27,360,279 Exchange-traded,137,291(27,103,188 equity contracts,136,124,657 Commodity contracts,954(7,642,312 Exchange-traded,376,021 commodity contracts,284 Derivative payables legal opinion,679,125,554(586,372,384 Derivative payables legal opinion,293,757,757 payables balance sheets,847,141 Collateral not nettable(4,547),318) Net,300"
}
{
    "_id": "JPM20235440",
    "title": "",
    "text": "-traded balances contracts settled."
}
{
    "_id": "JPM20235441",
    "title": "",
    "text": "securities cash collateral third-party custodians derivative instruments legal opinion obtained. collateral exceed receivables payables balances. receivables balances."
}
{
    "_id": "JPM20235442",
    "title": "",
    "text": "collateral OTC instruments."
}
{
    "_id": "JPM20235443",
    "title": "",
    "text": "derivatives receivable $48. $51. 5 billion December 2023 2022. payable $70. $69. billion. OTC instruments."
}
{
    "_id": "JPM20235447",
    "title": "",
    "text": "market risks derivative contract expose JPMorgan Chase credit risk counterparties meet payment obligations. policy JPMorgan Chase legally enforceable master netting arrangements collateral agreements mitigate credit risk."
}
{
    "_id": "JPM20235452",
    "title": "",
    "text": "derivative receivables credit payables liquidity risk require post cash securities collateral downgrades credit ratings. contracts provide termination downgrade fair value. table shows fair value derivative payables OTC-cleared derivatives contingent collateral termination ratings downgrade collateral December 31, 2023 2022. derivative payables downgrade triggers millions 31, 2022 fair value payables,655 Collateral posted,505"
}
{
    "_id": "JPM20235458",
    "title": "",
    "text": "table shows impact single two downgrade ratings JPMorgan Chase & Co. subsidiaries Chase Bank. December 31, 2023 2022 OTC-cleared derivative contracts contingent collateral termination features triggered ratings downgrade. require additional collateral terminations rating threshold breached. downgrade additional collateral termination payment requirements. liquidity impact calculated downgrade below lowest rating. impact downgrade triggers OTC-cleared derivatives 31, 2023 2022 millions-notch-notch additional collateral contracts termination triggers downgrade"
}
{
    "_id": "JPM20235459",
    "title": "",
    "text": "collateral initial margin."
}
{
    "_id": "JPM20235460",
    "title": "",
    "text": "derivative payables reflect collateral."
}
{
    "_id": "JPM20235461",
    "title": "",
    "text": "executed sale asset"
}
{
    "_id": "JPM20235462",
    "title": "",
    "text": "Firm assets maintains economic exposure counterparty. accounts transfers collateralized financing Note 11 limited sale derivative U. S. GAAP. transfers accounted sale derivative outstanding not material December 31, 2023 2022."
}
{
    "_id": "JPM20235465",
    "title": "",
    "text": "tables gains losses derivatives hedge"
}
{
    "_id": "JPM20235466",
    "title": "",
    "text": "."
}
{
    "_id": "JPM20235489",
    "title": "",
    "text": "tables derivative instruments hedge accounting pre-tax gains items years 2023 2022 2021. Firm includes gains hedging derivative hedged item.income excluded components impact December 31, 2023 millions approach value OCI Contract Interest rate(a)(b#1,554(1,248)#306 Foreign exchange Commodity(d)(706) Total#3,503,437)#1,066#921 income excluded components impact December 31, 2022 millions approach value Gains OCI(f Contract Interest rate(a)(b(14,352),047#(305)(262) Foreign exchange(c,317) Commodity(d(70) Total,400#130income excluded components impact Year December 2021 millions items approach fair value Gains OCI Contract Interest rate,323),765 Foreign exchange,317),349 Commodity(d(9,609),710 Total(15,249)#14,824"
}
{
    "_id": "JPM20235490",
    "title": "",
    "text": "hedges. fixed-rate debt AFS securities. Gains losses net interest income."
}
{
    "_id": "JPM20235491",
    "title": "",
    "text": "amortization income adjustment. Excludes accrual interest swaps items."
}
{
    "_id": "JPM20235492",
    "title": "",
    "text": "hedges foreign currency risk-term debt AFS securities rates. Gains losses hedged income recorded transactions revenue interest income."
}
{
    "_id": "JPM20235493",
    "title": "",
    "text": "value hedges commodities cost net realizable value. Gains losses recorded transactions."
}
{
    "_id": "JPM20235494",
    "title": "",
    "text": "hedge effectiveness excludes values forward points contracts time values cross-currency spreads. Excluded impact earnings amortization fair value changes."
}
{
    "_id": "JPM20235495",
    "title": "",
    "text": "change excluded amortization approach cross-currency spreads. excluded recognized earnings derivative."
}
{
    "_id": "JPM20235510",
    "title": "",
    "text": "December 31, 2023 2022 amounts recorded balance sheets cumulative value hedge adjustments reverse yield. hedged items hedging adjustments December 31, 2023 millions Investment securities AFS#151,752(2,010),461) Long-term debt,455,042)(9,727) amount hedged items hedging adjustments December 31, 2022 millions Investment securities AFS,073,149,542(5,691) Long-term debt,257,313)(15,192)"
}
{
    "_id": "JPM20235511",
    "title": "",
    "text": "commodities $5. 6 billion $26. 0 billion December 2023 2022 hedge accounting. inventories unrealized gains losses. exits no impact income future."
}
{
    "_id": "JPM20235512",
    "title": "",
    "text": "hedged items currency. 2023 2022 AFS securities $19. 3 billion $20. 3 billion long-term debt zero $221 million."
}
{
    "_id": "JPM20235513",
    "title": "",
    "text": "amortized cost allowance. Firm adopted portfolio hedge accounting. December 31, 2023 amortized cost $83. 9 billion $68. billion hedged. cumulative adjustments $(165) million $73 million $(238) million hedging relationships. Note 1 10."
}
{
    "_id": "JPM20235514",
    "title": "",
    "text": ")Positive amounts assets net interest income future periods. Positive liabilities increase net interest income future."
}
{
    "_id": "JPM20235515",
    "title": "",
    "text": "adjustments balance sheet hedged items de-designated relationships."
}
{
    "_id": "JPM20235536",
    "title": "",
    "text": "tables derivative instruments cash flow hedge accounting pre-tax gains years 2023 2022 2021. Firm includes gains hedging derivative cash item.gains December 2023 millions reclassified AOCI to income change Interest rate(1,839),113 Foreign exchange(1,775),258 Year December 31, 2022 millions reclassified AOCI income change Interest rate(7,131(6,978) Foreign exchange(342(7,473)(7,053) gains Year ended December 31, 2021 millions reclassified AOCI to income change Interest rate(2,370)(3,402) Foreign exchange(2,303)(3,525)"
}
{
    "_id": "JPM20235537",
    "title": "",
    "text": "SOFR. Gains losses net income."
}
{
    "_id": "JPM20235538",
    "title": "",
    "text": "currency risk non. revenue expense. income hedged item noninterest revenue expense."
}
{
    "_id": "JPM20235539",
    "title": "",
    "text": "Firm transactions 2023 2022 2021."
}
{
    "_id": "JPM20235540",
    "title": "",
    "text": "Firm expects $(1. 6) billion net losses December 31, 2023 cash flow hedges recognized income. hedges terminated results earnings six years hedged. open cash flow hedges seven years. longer-dated transactions borrowing activities."
}
{
    "_id": "JPM20235545",
    "title": "",
    "text": "table presents hedging instruments investment hedge accounting pre-tax gains years December 31, 2023 2022 2021. Year December millions income Foreign exchange derivatives$384(1,732)$3,591$2,452"
}
{
    "_id": "JPM20235546",
    "title": "",
    "text": "components hedging derivatives hedge effectiveness forward points contracts. Firm changes value income."
}
{
    "_id": "JPM20235547",
    "title": "",
    "text": "reclassified AOCI sale liquidation hedged entities. 2023 reclassified pre-tax loss $(35) million acquisition CIFM. reclassified-tax gains $38 million liquidation 2022. reclassified 2021. Note 24."
}
{
    "_id": "JPM20235550",
    "title": "",
    "text": "losses derivatives risk"
}
{
    "_id": "JPM20235558",
    "title": "",
    "text": "table presents pre-tax gains derivatives hedge risks assets liabilities mortgage warehouse loans MSRs wholesale foreign currency assets. gains Year December 31, millions Contract Interest rate(827) Credit Foreign exchange Total(824)"
}
{
    "_id": "JPM20235559",
    "title": "",
    "text": "represents interest derivatives risk mortgage warehouse loans. Gains losses mortgage fees income."
}
{
    "_id": "JPM20235560",
    "title": "",
    "text": "credit derivatives risk Firm’s wholesale businesses. counterparty credit risk receivables gains losses market. Gains losses recorded transactions."
}
{
    "_id": "JPM20235561",
    "title": "",
    "text": "derivatives exchange risk assets liabilities. Gains losses transactions."
}
{
    "_id": "JPM20235562",
    "title": "",
    "text": "Gains losses derivatives"
}
{
    "_id": "JPM20235563",
    "title": "",
    "text": "Firm makes markets derivatives risks counterparty credit risk receivables. derivatives not hedge accounting risk management. Gains losses recorded principal transactions revenue. Note 6."
}
{
    "_id": "JPM20235565",
    "title": "",
    "text": "Credit derivatives financial instruments from credit risk debt third-party issuer transfer risk to protection seller. expose purchaser to creditworthiness seller payments when entity credit event bankruptcy failure restructuring. seller receives premium risk underlying instrument credit event."
}
{
    "_id": "JPM20235566",
    "title": "",
    "text": "Firm purchaser seller protection credit derivatives uses purposes. market-maker manages portfolio credit derivatives purchasing selling credit protection corporate debt obligations. end-user uses derivatives manage risk wholesale consumer credit risk financial instruments businesses. summary credit derivatives."
}
{
    "_id": "JPM20235569",
    "title": "",
    "text": "Credit derivatives reference single entity index portfolio. Firm purchases sells protection single index obligations. Single-name index CDS contracts OTC-cleared. Single-name CDS default risk entity index CDS credit risk. S&P 500 CDS index portfolio CDS. CDS indices credit. credit event removed. CDS referenced against portfolios customized exposure levels $1 million losses $10 million portfolio. tranche CDS."
}
{
    "_id": "JPM20235570",
    "title": "",
    "text": "single-name index CDS credit event neither party reference entity. protection purchaser seller difference face value fair value reference obligation settlement recovery value. purchaser hold debt instrument reference entity receive amounts due."
}
{
    "_id": "JPM20235572",
    "title": "",
    "text": "credit-related note funded derivative credit risk issuer purchases credit protection reference entity index. investor pays issuer par value inception issuer periodic payments based credit risk entity. repays par value at maturity unless entity credit event. If pays difference between value fair value defaulted obligation settlement. Neither party recourse to defaulting entity."
}
{
    "_id": "JPM20235573",
    "title": "",
    "text": "tables credit derivatives notes Firm sold purchased December 31, 2023 2022. credit event Firm seller percentage full protection sold recovery value obligation settlement. manages credit risk purchasing reference entities. purchased protection includes credit derivatives positions protection purchased CIB notes. protection against loans retained portfolio credit derivatives notes."
}
{
    "_id": "JPM20235576",
    "title": "",
    "text": "Firm use notional amounts credit derivatives risk management probability credit event recovery value reference obligation cash instruments economic hedges risks."
}
{
    "_id": "JPM20235592",
    "title": "",
    "text": "credit derivatives options swaps."
}
{
    "_id": "JPM20235593",
    "title": "",
    "text": "represents CIB."
}
{
    "_id": "JPM20235594",
    "title": "",
    "text": ")Represents total notional protection purchased instrument identical each identical instrument greater or lower than sold."
}
{
    "_id": "JPM20235595",
    "title": "",
    "text": "(d fair value reference obligation settlement seller pays buyer settlement value."
}
{
    "_id": "JPM20235596",
    "title": "",
    "text": "protection purchased Firm instruments sold protection identical instrument."
}
{
    "_id": "JPM20235608",
    "title": "",
    "text": "tables summarize ratings maturity fair value credit derivatives December 2023 2022 JPMorgan Chase seller. maturity profile contractual maturity. ratings reference entity. JPMorgan Chase purchaser comparable.credit derivatives ratings December 31, 2023 millions years amount receivables payables Risk rating Investment-grade(89,981,834,470)(383,285,659,144 Noninvestment-grade(121,400)(333,349(34,269)(489,018,398 December 31, 2022 millions years amount receivables payables Risk rating Investment-grade(90,484)(294,791),822)(416,097) Noninvestment-grade(33,244),011(123,728)(381,802)(37,192)(542,722(4,704),113"
}
{
    "_id": "JPM20235609",
    "title": "",
    "text": "ratings scale S&P Moody’s."
}
{
    "_id": "JPM20235610",
    "title": "",
    "text": "gross before netting agreements cash collateral."
}
{
    "_id": "JPM20235614",
    "title": "",
    "text": "Firm records noninterest revenue contracts investment banking deposit asset management commissions card income. contracts terminable no obligation future services. fixed term services. Revenue depends future events asset values recognized until."
}
{
    "_id": "JPM20235616",
    "title": "",
    "text": "revenue debt equity underwriting advisory fees. capital placement debt instruments. issuance price quantity recognized revenue execution. manages syndicates loan arrangements. recorded revenue retention timing yield criteria."
}
{
    "_id": "JPM20235617",
    "title": "",
    "text": "Firm provides services mergers divestitures transactions. fees recognized revenue."
}
{
    "_id": "JPM20235625",
    "title": "",
    "text": "table banking fees. 31, millions Equity,149 Debt,732 underwriting,759,707,822 Advisory,760,979,394 fees,216"
}
{
    "_id": "JPM20235626",
    "title": "",
    "text": "earned CIB."
}
{
    "_id": "JPM20235630",
    "title": "",
    "text": "transactions revenue driven by factors bid-offer spread difference between instrument unrealized gains losses on financial instruments commodities transactions including fair value option client-driven market-making activities."
}
{
    "_id": "JPM20235631",
    "title": "",
    "text": "gains losses sale interim cash payments."
}
{
    "_id": "JPM20235632",
    "title": "",
    "text": "gains losses."
}
{
    "_id": "JPM20235633",
    "title": "",
    "text": "Firm transacts debt equity derivatives commodities instruments."
}
{
    "_id": "JPM20235636",
    "title": "",
    "text": "revenue includes gains losses commodity foreign exchange risk risk management credit foreign exchange interest rate risks."
}
{
    "_id": "JPM20235637",
    "title": "",
    "text": "Note 5 income gains losses."
}
{
    "_id": "JPM20235638",
    "title": "",
    "text": "financial markets Firm transacts OTC derivatives. forwards ETD. physical commodity markets purchases sells precious metals commodities."
}
{
    "_id": "JPM20235639",
    "title": "",
    "text": "table presents gains losses transactions. excludes expense trading assets liabilities market-making CIB fund deployment Treasury. Note 7 interest income expense."
}
{
    "_id": "JPM20235640",
    "title": "",
    "text": "Trading revenue by instrument type. Firm’s businesses utilize instrument types trading revenue not total revenue."
}
{
    "_id": "JPM20235652",
    "title": "",
    "text": "December millions Trading revenue instrument Interest rate Credit Foreign exchange Equity Commodity trading revenue,554,325 Private equity losses Principal transactions,460,304"
}
{
    "_id": "JPM20235653",
    "title": "",
    "text": "funding valuation adjustments."
}
{
    "_id": "JPM20235654",
    "title": "",
    "text": "credit valuation derivatives hedging activities."
}
{
    "_id": "JPM20235655",
    "title": "",
    "text": "markdowns unfunded bridge financing."
}
{
    "_id": "JPM20235656",
    "title": "",
    "text": "earned CIB."
}
{
    "_id": "JPM20235658",
    "title": "",
    "text": "Lending fees loan commitments standby letters credit financial guarantees loan-servicing. Deposit cash management overdraft services. recognized. Note 28."
}
{
    "_id": "JPM20235663",
    "title": "",
    "text": "table presents lending deposit fees. Year December 31, millions Lending fees,365 Deposit fees,098,032"
}
{
    "_id": "JPM20235664",
    "title": "",
    "text": "Includes purchase discount lending commitments First Republic AWM CB. discount deferred liabilities recognized current year short term. Note 34."
}
{
    "_id": "JPM20235665",
    "title": "",
    "text": "Lending deposit AWM."
}
{
    "_id": "JPM20235667",
    "title": "",
    "text": "Investment management fees assets Firm investors funds owners accounts. based value assets collected recognized end period. receives performance-based fees earned exceeding benchmarks performance targets accrued recognized reversal remote end billing period."
}
{
    "_id": "JPM20235668",
    "title": "",
    "text": "asset management fees commissions sales mutual funds. recorded revenue asset value investor redemption activity."
}
{
    "_id": "JPM20235674",
    "title": "",
    "text": "table asset management fees. Year December 31, millions Investment fees,765,027 fees fees,220,096,405"
}
{
    "_id": "JPM20235675",
    "title": "",
    "text": "First Republic. Note 34."
}
{
    "_id": "JPM20235676",
    "title": "",
    "text": "AWM CCB."
}
{
    "_id": "JPM20235678",
    "title": "",
    "text": "revenue commissions fees custody."
}
{
    "_id": "JPM20235679",
    "title": "",
    "text": "Brokerage commissions Firm purchases sales securities instruments. revenue transaction. reports costs clearing houses exchanges revenue."
}
{
    "_id": "JPM20235680",
    "title": "",
    "text": "fees custody funds securities lending clearance. recorded revenue."
}
{
    "_id": "JPM20235688",
    "title": "",
    "text": "table presents commissions fees. Year December 31, millions Commissions Brokerage commissions Administration fees commissions Total commissions fees"
}
{
    "_id": "JPM20235689",
    "title": "",
    "text": "travel annuity commissions fees recognized revenue rendered."
}
{
    "_id": "JPM20235690",
    "title": "",
    "text": "CIB CCB AWM."
}
{
    "_id": "JPM20235692",
    "title": "",
    "text": "Home Lending mortgage."
}
{
    "_id": "JPM20235693",
    "title": "",
    "text": "Production revenue includes fees income mortgage loans risk management. gains losses sales value adjustments loans held-for-sale. changes fair value financial instruments. mortgage servicing revenue includes revenue third-party loans fair value MSRs risk management gains securitization excess servicing. includes gains losses sales cost value adjustments repurchased loans."
}
{
    "_id": "JPM20235694",
    "title": "",
    "text": "Note 15 risk MSRs."
}
{
    "_id": "JPM20235695",
    "title": "",
    "text": "interest mortgage loans."
}
{
    "_id": "JPM20235697",
    "title": "",
    "text": "revenue category credit debit card fees processing card transactions recognized net costs. income origination annual fees deferred recognized 12-month period."
}
{
    "_id": "JPM20235698",
    "title": "",
    "text": "credit card products points activity for cash non-cash rewards. cost Firm rewards programs varies terms conditions"
}
{
    "_id": "JPM20235699",
    "title": "",
    "text": "activity redemption rates selections. liability rewards reports cost card income."
}
{
    "_id": "JPM20235701",
    "title": "",
    "text": "Firm has agreements with co-brand partners rights issue card products market. partners endorse programs provide lists. conduct marketing provide rewards loyalty programs. agreements five to ten years."
}
{
    "_id": "JPM20235702",
    "title": "",
    "text": "Firm makes co-brand credit card partners marketing activities loyalty rewards new account originations sales volumes. Payments marketing efforts expensed expense. loyalty rewards income. new originations loan costs deferred recognized reduction income 12-month. sales volumes reduction income income earned."
}
{
    "_id": "JPM20235708",
    "title": "",
    "text": "table card income December 31, millions Interchange merchant income,592 Reward costs partner payments,162) Total card income,102"
}
{
    "_id": "JPM20235709",
    "title": "",
    "text": "amortization account costs fees deferred recognized 12-month."
}
{
    "_id": "JPM20235710",
    "title": "",
    "text": "income earned CCB."
}
{
    "_id": "JPM20235714",
    "title": "",
    "text": "revenue lease income losses tax investments alternative energy CIB. losses offset income tax expense."
}
{
    "_id": "JPM20235721",
    "title": "",
    "text": "table income Year December 31, millions lease income,654 Losses tax investments gain First Republic acquisition,775 CIFM sale Visa B shares"
}
{
    "_id": "JPM20235722",
    "title": "",
    "text": "Note 34 First Republic."
}
{
    "_id": "JPM20235723",
    "title": "",
    "text": "Gain minority CIFM acquisition 51%."
}
{
    "_id": "JPM20235724",
    "title": "",
    "text": "Note 2 18 Visa leases."
}
{
    "_id": "JPM20235731",
    "title": "",
    "text": "expense statements Year December 31, millions Legal expense FDIC,203 First Republic"
}
{
    "_id": "JPM20235732",
    "title": "",
    "text": ". billion FDIC."
}
{
    "_id": "JPM20235733",
    "title": "",
    "text": "payments FDIC 2023 First Republic July 2 $360 million restructuring costs. Note 34 First Republic."
}
{
    "_id": "JPM20235735",
    "title": "",
    "text": "FDIC losses Fund uninsured depositors. assessment quarterly 3. 36 points institutions uninsured deposits over $5. billion December 31, 2022. quarter 2023 recognized assessment expense $2. 9 billion-tax."
}
{
    "_id": "JPM20235736",
    "title": "",
    "text": "Note 32 noninterest expense."
}
{
    "_id": "JPM20235739",
    "title": "",
    "text": "Interest income expense Consolidated statements classified asset."
}
{
    "_id": "JPM20235740",
    "title": "",
    "text": "Interest income expense accruals financial instruments measured fair value except. GAAP fair value option changes fair value reported transactions revenue. not fair value related interest included income expense."
}
{
    "_id": "JPM20235741",
    "title": "",
    "text": "Interest income loans securities premiums discounts deferred fees costs. deferred recognized level-yield."
}
{
    "_id": "JPM20235742",
    "title": "",
    "text": "Notes 10 11 12 20 accounting expense investment financing activities. purchased borrowed loans long-term debt."
}
{
    "_id": "JPM20235766",
    "title": "",
    "text": "table interest income expense December income Loans,384,736,537 Taxable securities,372 Non securities investment securities,347 Trading assets,053 Federal funds securities purchased Securities borrowed Deposits banks interest-earning assets,763 interest income,588,864 expense deposits,016 Federal funds purchased securities loaned sold Short-term borrowings Trading liabilities interest-bearing liabilities Long-term debt interest expense,321 income,267 Provision credit losses9,389 interest credit losses,321,567"
}
{
    "_id": "JPM20235767",
    "title": "",
    "text": "securities tax-exempt. tax."
}
{
    "_id": "JPM20235768",
    "title": "",
    "text": "interest rates fees securities borrowed transactions."
}
{
    "_id": "JPM20235769",
    "title": "",
    "text": "interest receivables classified accrued interest interest-earning assets Consolidated balance sheets."
}
{
    "_id": "JPM20235770",
    "title": "",
    "text": "liabilities brokerage payables."
}
{
    "_id": "JPM20235771",
    "title": "",
    "text": "discount loans securities First Republic. Note 34."
}
{
    "_id": "JPM20235776",
    "title": "",
    "text": "Firm pension OPEB. non. closed new participants. principal pension plan. employees closed frozen January 1, 2020 January 1, 2019 December 2 2017). Interest credits accrue accounts accumulated balances."
}
{
    "_id": "JPM20235777",
    "title": "",
    "text": "Firm postretirement plans life insurance employees retirees"
}
{
    "_id": "JPM20235778",
    "title": "",
    "text": "programs. impact Firm’s Financial Statements."
}
{
    "_id": "JPM20235779",
    "title": "",
    "text": "Firm provides contribution plan U. maintains arrangements non. locations. JPMorgan Chase 401(k) Savings Plan covers. employees. contribute 401(k after-tax. Firm makes annual contributions."
}
{
    "_id": "JPM20235786",
    "title": "",
    "text": "table presents pretax benefit obligations assets net funded status amounts AOCI Firm’s pension OPEB plans. December millions obligations assets,890 Net funded status,345 income"
}
{
    "_id": "JPM20235787",
    "title": "",
    "text": "weighted-average discount rate obligations 2022. 16%."
}
{
    "_id": "JPM20235789",
    "title": "",
    "text": "Gains losses benefit obligation value assets recorded OCI. Amortization gains benefit cost exceeds 10% projected benefit obligation fair value. Amortization over lifetime frozen status. December 2023 net gain increases fair value offset discount rate"
}
{
    "_id": "JPM20235790",
    "title": "",
    "text": "interest. December 2022 remeasurement Firm’s. benefit plan pension settlement. fair value. assets projected benefit obligation $4. billion $2. 6 billion net decrease $1. 4 billion pre-tax."
}
{
    "_id": "JPM20235797",
    "title": "",
    "text": "table presents net benefit costs Firm’s defined pension contribution OPEB plans. OPEB plans Year ended December 31, millions Total defined benefit plan cost defined contribution plans,333 pension OPEB cost noninterest expense,132/loss,129)"
}
{
    "_id": "JPM20235798",
    "title": "",
    "text": "service cost reported compensation expense other components reported Consolidated statements income."
}
{
    "_id": "JPM20235799",
    "title": "",
    "text": "pension losses $92 $33 million 2021."
}
{
    "_id": "JPM20235805",
    "title": "",
    "text": "table presents weighted-average assumptions benefit costs defined pension OPEB plans. December Discount rate. Expected long-term rate return plan assets."
}
{
    "_id": "JPM20235807",
    "title": "",
    "text": "Firm’s expected long-term return blended weighted average asset allocation market conditions allocation. Returns developed not historical current market conditions portfolio mix."
}
{
    "_id": "JPM20235808",
    "title": "",
    "text": "discount rates benefit obligations Firm’s actuaries defined benefit pension plan yields bonds projected cash flows."
}
{
    "_id": "JPM20235810",
    "title": "",
    "text": "pension plans trusts equity income cash alternative investments. reviews asset allocations managers. December 31, 2023 asset allocation 42-100% debt 0-40% equity 0-2% real estate 0-10% alternatives."
}
{
    "_id": "JPM20235811",
    "title": "",
    "text": "Assets Firm’s pension OPEB plans securities JPMorgan Chase. hold investments JPMorgan Chase $1. 8 billion $1. 7 billion December 31, 2023 2022."
}
{
    "_id": "JPM20235821",
    "title": "",
    "text": "Note 2 fair value measurements 1 2 3 hierarchy valuation methods Firm. plan assets liabilities measured fair benefit pension OPEB plans December 31, millions 1 2 3 Assets hierarchy,713,124,358,308,538 Assets defined benefit pension plan payables Total fair value assets,890"
}
{
    "_id": "JPM20235822",
    "title": "",
    "text": "equity securities. debt securities cash equivalents."
}
{
    "_id": "JPM20235823",
    "title": "",
    "text": "Consists corporate debt securities. state local."
}
{
    "_id": "JPM20235824",
    "title": "",
    "text": "corporate-owned life insurance investments annuity contracts 2023 2022."
}
{
    "_id": "JPM20235827",
    "title": "",
    "text": "level 3 inputs"
}
{
    "_id": "JPM20235828",
    "title": "",
    "text": "2023 $3. billion $400 gains $173 $59. decline 2022 $501 losses $54 million settlements."
}
{
    "_id": "JPM20235837",
    "title": "",
    "text": "table payments pension OPEB plans. millions 2024,142 2025,125 2026 2027 2028 2029–2033,143"
}
{
    "_id": "JPM20235841",
    "title": "",
    "text": "2023 2022 2021 JPMorgan Chase granted share awards employees LTIP May 15 2018 May 18 2021. December 31, 2023 54 million shares common stock May 2025. LTIP awards. LTIP Plans share-based incentive plans."
}
{
    "_id": "JPM20235842",
    "title": "",
    "text": "RSUs awarded no cost. granted annually vest 50% two 50% three years converted shares common stock vesting date. include full-career eligibility voluntary termination post-employment restrictions. awards subject forfeiture vested clawback cancellation. cash payments dividends common stock."
}
{
    "_id": "JPM20235843",
    "title": "",
    "text": "Performance share units granted annually approved members Operating Committee variable compensation program. subject performance criteria three-year. awards zero to 150% grant. dividends reinvested units. converted common stock after."
}
{
    "_id": "JPM20235844",
    "title": "",
    "text": "PSUs dividend units vested shares common stock delivered tax retained additional holding five to eight years grant."
}
{
    "_id": "JPM20235845",
    "title": "",
    "text": "LTI Plans stock rights price JPMorgan stock. expire ten years. 2021 awarded Chairman. 5 million 750,000 SARs. no grants 2023 2022."
}
{
    "_id": "JPM20235846",
    "title": "",
    "text": "Firm recognizes compensation expense each tranche net forfeitures. tranche grant until vesting date full-career eligible vesting. full-career eligibility no future service requirement Firm accrues estimated value awards without post-employment restrictions. each tranche granted full eligible compensation expense recognized grant until full-career eligibility date vesting date."
}
{
    "_id": "JPM20235847",
    "title": "",
    "text": "policy awards new or treasury. 2023 2022 2021 settled awards treasury shares."
}
{
    "_id": "JPM20235848",
    "title": "",
    "text": "Note 23 share awards calculating earnings."
}
{
    "_id": "JPM20235862",
    "title": "",
    "text": "compensation expense RSUs PSUs measured units granted stock price SARs Black-Scholes valuation model. recognized net income. table JPMorgan Chase’s RSUs PSUs SARs activity 2023. December 2023 units grant date value awards exercise price January 1. Granted,758. Exercised vested. Forfeited. Canceled December 31,243. December 31"
}
{
    "_id": "JPM20235863",
    "title": "",
    "text": "value PSUs $2. 5 billion $3. 2 $2. 9 billion. options $24 million $75 million $232 million."
}
{
    "_id": "JPM20235869",
    "title": "",
    "text": "Firm recognized noncash compensation expense incentive plans. prior grants RSUs PSUs SARs amortized vesting periods,161 estimated costs share-based awards full employees,768 noncash compensation expense plans,117,794,929"
}
{
    "_id": "JPM20235870",
    "title": "",
    "text": "December 31, 2023 $1. billion compensation expense unvested awards charged net income. 7 years. capitalize share."
}
{
    "_id": "JPM20235872",
    "title": "",
    "text": "tax benefits share incentive arrangements 2023 2022 2021 $836 million $901 $957 million."
}
{
    "_id": "JPM20235875",
    "title": "",
    "text": "Investment AFS HTM. trading Note 2. AFS HTM securities Treasury CIO asset-liability."
}
{
    "_id": "JPM20235876",
    "title": "",
    "text": "AFS securities carried fair value balance sheets. Unrealized gains losses reported AOCI. method gains losses AFS securities. HTM securities hold until maturity amortized cost credit losses."
}
{
    "_id": "JPM20235877",
    "title": "",
    "text": "AFS HTM discounts premiums amortized interest. premiums amortized earliest call date."
}
{
    "_id": "JPM20235878",
    "title": "",
    "text": "2023 portfolio HTM securities AFS. transferred obligations. states municipalities $7. billion $38 million losses AOCI. Note 1 24."
}
{
    "_id": "JPM20235879",
    "title": "",
    "text": "Firm securities $78. 3 billion AFS HTM. losses $4. 8 billion."
}
{
    "_id": "JPM20235880",
    "title": "",
    "text": "Unrealized gains losses transfer reported AOCI amortized into interest income remaining. interest income premium discount transfer value."
}
{
    "_id": "JPM20235881",
    "title": "",
    "text": "AFS HTM-cash."
}
{
    "_id": "JPM20235916",
    "title": "",
    "text": "amortized costs estimated values investment securities. December 31, millions cost gains losses Available-for-sale Mortgage securities U. S. GSEs government agencies,377#870,077,170,194,170 Residential. Non-U.,176,154 Commercial,930 mortgage-backed securities,001,285,059,081. Treasury government agencies,051,217,060 Obligations. states municipalities,243,103 Non-U.debt,387,360,696 Corporate debt Asset securities Collateralized loan obligations,152 Unallocated portfolio adjustments available-for-sale securities,456,188 Held-to-maturity securities-backed securities. GSEs government agencies,643,492,818. Residential,709,503 Commercial,534,361 mortgage-backed securities,194,356. Treasury government agencies,666,074,100 Obligations.. states municipalities,747,720 Asset-backed securities Collateralized loan obligations,565,215 held-maturity securities,848,272,305,648 investment securities credit losses#575,304#1,940,786"
}
{
    "_id": "JPM20235917",
    "title": "",
    "text": "portfolio adjustments AFS securities hedged closed portfolio. adjustments not allocated impact unrealized gains losses hedged. Note 1 5."
}
{
    "_id": "JPM20235918",
    "title": "",
    "text": "$4. $33. billion HTM securities 2022 2021."
}
{
    "_id": "JPM20235919",
    "title": "",
    "text": "amortized losses $128 $96 million 2023 2022."
}
{
    "_id": "JPM20235920",
    "title": "",
    "text": "$2. 8 billion $2. 5 billion accrued interest December 31, 2023 2022 balance sheets. Firm credit losses interest write 90 days. reverse December 2023 2022."
}
{
    "_id": "JPM20235921",
    "title": "",
    "text": "December 2023. AFS securities. Note 34."
}
{
    "_id": "JPM20235922",
    "title": "",
    "text": "December 31, 2023 portfolio debt securities average credit rating AA+ external internal risk ratings. ratings identify credit quality differentiate risk. ratings characteristics. capacity economic S&P Moody’s"
}
{
    "_id": "JPM20235923",
    "title": "",
    "text": "quantitative characteristics. probability loss differ reflect historical experiences assumptions. Risk ratings assigned at acquisition reviewed Credit Risk Management adjusted."
}
{
    "_id": "JPM20235960",
    "title": "",
    "text": "tables present value unrealized losses AFS securities December 2023 2022. exclude. Treasury securities. GSE MBS unrealized losses $4. 6 billion $9. 6 billion December 2023 2022 driven interest rates credit profile.-for-sale securities unrealized losses 12 Year December 31, 2023 millions unrealized losses Mortgage-backed securities Residential. Commercial Total mortgage-backed securities Obligations. states municipalities.government debt,132 Corporate Asset-backed securities Collateralized loan obligations,744-sale securities unrealized losses,737,033,770 securities unrealized than 12 months Year December 31, 2022 millions unrealized losses Mortgage securities Residential.,187 Non.,918 Commercial,131 mortgage-backed securities,166,143,309 Obligations U. S. states municipalities Non.government debt,848,789 Corporate debt Asset-backed securities Collateralized loan obligations,701-sale securities unrealized losses,904,423"
}
{
    "_id": "JPM20235961",
    "title": "",
    "text": "First Republic obligations. states Note 34."
}
{
    "_id": "JPM20235964",
    "title": "",
    "text": "securities impaired value less."
}
{
    "_id": "JPM20235965",
    "title": "",
    "text": "Firm recognizes impairment losses earnings before recovery amortized cost. impairment loss recognized securities gains Consolidated Statements Income equal difference amortized cost fair value security."
}
{
    "_id": "JPM20235966",
    "title": "",
    "text": "impaired debt securities Firm evaluated credit loss. recognized credit losses Consolidated Statements Income limited impairment. impairment securities not due credit losses recorded in OCI."
}
{
    "_id": "JPM20235967",
    "title": "",
    "text": "Factors credit losses adverse conditions industry financial collateral payment structure."
}
{
    "_id": "JPM20235968",
    "title": "",
    "text": "assessing securities for credit losses Firm estimates cash flows market economic data loan-level data structural features overcollateralization compares losses collateral against credit enhancement losses loss."
}
{
    "_id": "JPM20235969",
    "title": "",
    "text": "beneficial interests rated below “AA” prepaid settled investment evaluates impairment credit losses adverse change cash flows."
}
{
    "_id": "JPM20235972",
    "title": "",
    "text": "allowance credit losses HTM securities."
}
{
    "_id": "JPM20235973",
    "title": "",
    "text": "allowance credit losses HTM obligations. states securities calculated credit loss factors amortized cost. derived average five eight-quarter scenarios single year-line interpolation information. Note 13-quarter."
}
{
    "_id": "JPM20235974",
    "title": "",
    "text": "credit losses HTM. securities"
}
{
    "_id": "JPM20235975",
    "title": "",
    "text": "calculated amortized cost present value cash flows discounted interest rate. cash estimates collateral performance eight-quarter forecast interpolation structural features."
}
{
    "_id": "JPM20235976",
    "title": "",
    "text": "application inputs allowance credit losses management judgment emphasizing affect estimate credit losses HTM securities."
}
{
    "_id": "JPM20235978",
    "title": "",
    "text": "credit risk rating. December 2023 2022 securities investment grade current accruing 99% AA+."
}
{
    "_id": "JPM20235980",
    "title": "",
    "text": "credit losses $128 million $96 million $42 million December 2023 2022 2021 adjustment HTM AFS."
}
{
    "_id": "JPM20235986",
    "title": "",
    "text": "impacts investment securities income December 31, millions gains#595 losses,802)(2,578) losses,180(2,380) credit losses"
}
{
    "_id": "JPM20236040",
    "title": "",
    "text": "table presents amortized cost estimated value December 31, 2023 JPMorgan Chase’s investment securities portfolio contractual maturity. millions year five 10 Available-for-sale securities Mortgage securities Amortized cost,166 Fair value Average yield. Treasury government agencies Amortized cost,884 Fair value Average yield. Obligations. states municipalities Amortized cost,243 Fair value Average yield.. 51. Non-U. government debt securities Amortized cost,841,658,335,387 Fair value Average yield. 68. debt securities Amortized cost Fair value Average yield. 37. 25. Asset-backed securities Amortized cost,175 Fair value Average yield. 72.available-sale securities Amortized cost,140,253,417 Fair value Average yield. 79. Held-to-maturity securities Mortgage-backed securities Amortized cost,382,649,899 Fair value,719 Average yield. Treasury government agencies Amortized cost,763,666 Fair value,592 Average yield. 63. Obligations.states municipalities Amortized cost,714 Fair value,428 Average yield. 21. Asset-backed securities Amortized cost,345,380 Fair value Average yield. 86. Total held-to-maturity securities Amortized cost,647,382 Fair value,754 Average yield. 74."
}
{
    "_id": "JPM20236041",
    "title": "",
    "text": "yield computed yield amortized cost. considers contractual coupon amortization premiums accretion discounts hedging derivatives. Taxable-equivalent amounts. excludes unscheduled principal prepayments differ. callable debt securities calculated earliest call date."
}
{
    "_id": "JPM20236042",
    "title": "",
    "text": "securities credit losses $34 million portfolio adjustments $73 million December 31, 2023. held-maturity securities $94 million."
}
{
    "_id": "JPM20236043",
    "title": "",
    "text": "Firm’s. residential MBS collateralized mortgage obligations due 10 years maturity. seven years MBS collateralized mortgage six nonagency."
}
{
    "_id": "JPM20236044",
    "title": "",
    "text": "AFS First Republic 10. Note 34."
}
{
    "_id": "JPM20236048",
    "title": "",
    "text": "JPMorgan Chase repurchase borrowed loaned inventory short sales financing settle obligations deploy excess cash."
}
{
    "_id": "JPM20236049",
    "title": "",
    "text": "Securities financing agreements collateralized balance sheets. counterparty reported net. Note 1 offsetting assets liabilities. Fees received paid recorded income expense Consolidated statements income."
}
{
    "_id": "JPM20236050",
    "title": "",
    "text": "Firm elected fair value option securities financing agreements. Note 3. agreements reported purchased loaned borrowed. agreements fair value interest accruals recorded income expense changes fair value principal transactions revenue. instruments derivatives changes fair value reported principal transactions revenue."
}
{
    "_id": "JPM20236051",
    "title": "",
    "text": "financing measured amortized cost. credit risk mitigation credit losses resale securities borrowed December 2023 2022."
}
{
    "_id": "JPM20236053",
    "title": "",
    "text": "financing agreements expose Firm credit liquidity risk. monitors underlying securities high-quality debt U. GSEs agencies cash proceeds exchanged collateral requests returns. Margin levels established counterparty permissible collateral monitored."
}
{
    "_id": "JPM20236054",
    "title": "",
    "text": "resale borrowed Firm exposed credit risk securities less cash principal collateral exchanged. repurchase securities loaned risk securities cash principal collateral."
}
{
    "_id": "JPM20236055",
    "title": "",
    "text": "Firm master netting counterparties right liquidate securities collateral default. policy possession resale borrowed agreements. Note 29 assets pledged collateral financing agreements."
}
{
    "_id": "JPM20236057",
    "title": "",
    "text": "table summarizes gross net Firm’s securities financing agreements December 31, 2023 2022. obtained legal opinion netting criteria. GAAP met nets balances agreements. exchanges securities cash collateral counterparty reduce economic exposure collateral not eligible for net balance presentation. collateral"
}
{
    "_id": "JPM20236074",
    "title": "",
    "text": "financing balances netting criteria U. S. GAAP not nettable balance sheets reduces. legal opinion not sought obtained balances gross. Firm lending receives securities collateral recognizes securities fair value obligation return accounts liabilities balance sheets.31, 2023 millions amounts amounts Assets Securities resale,308(247,181),127(267,582) borrowed,046(43,610),436(144,543 Liabilities Securities repurchase agreements,985(247,181),793 Securities loaned,142(43,610) 31, 2022 millions amounts amounts Assets Securities purchased resale agreements,411)(304,120,381 borrowed,279(42,910),369,791 Liabilities Securities repurchase agreements,793,411),382,955 Securities loaned,443,910)"
}
{
    "_id": "JPM20236075",
    "title": "",
    "text": "agreements $5. $7. billion December 2023 2022 Firm lender."
}
{
    "_id": "JPM20236076",
    "title": "",
    "text": "collateral exceeds net asset balance. amounts reported column limited net asset liability."
}
{
    "_id": "JPM20236077",
    "title": "",
    "text": "financing agreements collateral rights legal opinion obtained. December 2023 2022 $7. $6. billion purchased resale $50. $49. billion borrowed $30. $29. billion sold repurchase loaned."
}
{
    "_id": "JPM20236104",
    "title": "",
    "text": "tables December 2023 2022 financial assets securities agreements maturity. liability balance December millions sold loaned Mortgage securities U. GSEs government agencies,050 Residential Commercial. Treasury GSEs government agencies Obligations U. states municipalities Non.government debt Corporate Asset-backed securities Equity securities,254,985,142,793 maturity December 31, 2023 90 days 30 securities sold repurchase agreements,048,941,960,036,985 securities loaned,142 maturity December 31, 2022 90 days 30 90 securities sold repurchase agreements,235,696,120,742,793 securities loaned,138,443"
}
{
    "_id": "JPM20236106",
    "title": "",
    "text": "December 2023 2022 Firm held $505 million $692 million transferred sale. GAAP. collateralized financing. assets trading loans liabilities short-term borrowings long-term debt balance."
}
{
    "_id": "JPM20236113",
    "title": "",
    "text": "accounting loan strategy. Firm accounts loans categories •Originated loans-investment.-sale fair value"
}
{
    "_id": "JPM20236115",
    "title": "",
    "text": "accounting discussion loans category-investment"
}
{
    "_id": "JPM20236116",
    "title": "",
    "text": "loans recorded amortized cost fees costs premiums discounts charge-offs foreign exchange. loans charges fees."
}
{
    "_id": "JPM20236118",
    "title": "",
    "text": "income loans accrued recognized rate. Purchase discounts premiums deferred fees costs recognized adjustment yield."
}
{
    "_id": "JPM20236119",
    "title": "",
    "text": "Firm classifies accrued interest Consolidated balance sheets. credit card loans interest recognized balances credit losses. Changes recognized charge-offs recognized reversing interest income. other loans allowance losses receivables write off 90 days past due reversing interest income."
}
{
    "_id": "JPM20236121",
    "title": "",
    "text": "Nonaccrual loans accrual interest suspended. consumer. government nonperforming full payment principal interest not expected delinquency default 90 days or more unless well-secured collection. loan past due minimum payment not received due date. monthly payment unpaid 30 days or more."
}
{
    "_id": "JPM20236122",
    "title": "",
    "text": "collateral loans."
}
{
    "_id": "JPM20236123",
    "title": "",
    "text": "loan nonaccrual interest accrued reversed against income. amortization deferred amounts suspended. Interest income nonaccrual loans recognized cash. loan balance collectible doubt interest receipts reduce carrying value. recognizing interest income nonaccrual loans cash."
}
{
    "_id": "JPM20236124",
    "title": "",
    "text": "loan returned accrual repayment assured demonstrated performance restructured loan."
}
{
    "_id": "JPM20236125",
    "title": "",
    "text": "permitted credit card loans exempt nonaccrual status interest fees charged paid."
}
{
    "_id": "JPM20236127",
    "title": "",
    "text": "allowance loan losses estimated credit losses loan portfolio recognized contra asset amortized cost net carrying value. Changes recorded credit losses statements. Note 13 accounting policies."
}
{
    "_id": "JPM20236129",
    "title": "",
    "text": "Consumer loans charged amortized cost net value collateral. losses stages delinquency. Residential real estate unmodified credit card business banking loans charged 180 days past due. auto closed-end consumer loans 120 days past due."
}
{
    "_id": "JPM20236131",
    "title": "",
    "text": "consumer loans charged net value earlier FFIEC standards modified borrowers collateral-dependent."
}
{
    "_id": "JPM20236135",
    "title": "",
    "text": "borrowers loss accelerated charge-off standards. residential estate auto loans charged 60 days bankruptcy filing. loans repossession."
}
{
    "_id": "JPM20236136",
    "title": "",
    "text": "Firm charge-offs government-guaranteed loans."
}
{
    "_id": "JPM20236137",
    "title": "",
    "text": "Wholesale loans charged loss realized.-off factors Firm’s claim bankruptcy expectations valuation borrower’s equity collateral."
}
{
    "_id": "JPM20236138",
    "title": "",
    "text": "loan charged amortized cost value collateral fair value type. real estate. liquid securities fair value based quoted market prices broker quotes. illiquid securities estimated discounted cash flow model."
}
{
    "_id": "JPM20236139",
    "title": "",
    "text": "residential real estate loans collateral values external valuation sources. borrower unable or unwilling pay Firm utilizes broker’s price opinion appraisal automated valuation model updated 12 months depending market factors. Firm receives property. obtains appraisal inspection interior. appraisals discounted experience liquidation values state-specific factors."
}
{
    "_id": "JPM20236140",
    "title": "",
    "text": "commercial real estate loans collateral values. updated six twelve months new appraisal internal analysis. considers borrower market factors updates broker price opinions."
}
{
    "_id": "JPM20236142",
    "title": "",
    "text": "Loans-sale measured lower cost valuation changes noninterest revenue. consumer portfolio. wholesale individual."
}
{
    "_id": "JPM20236143",
    "title": "",
    "text": "loans accrued recognized contractual."
}
{
    "_id": "JPM20236144",
    "title": "",
    "text": "Loan origination fees purchase discounts deferred contra loan until related sold. deferred basis loan included cost value adjustments gain loss sale."
}
{
    "_id": "JPM20236145",
    "title": "",
    "text": "loans recognized lower cost losses charge-off policies. loans-sale nonaccrual policies."
}
{
    "_id": "JPM20236147",
    "title": "",
    "text": "Loans measured changes recorded noninterest revenue."
}
{
    "_id": "JPM20236148",
    "title": "",
    "text": "Interest income accrued recognized contractual rate. Changes value recognized. fees recognized. costs expense."
}
{
    "_id": "JPM20236149",
    "title": "",
    "text": "loans recognized fair value losses charge-off policies apply. nonaccrual policies."
}
{
    "_id": "JPM20236150",
    "title": "",
    "text": "Note 3 elections fair value. Note 2 3 loans value trading assets."
}
{
    "_id": "JPM20236153",
    "title": "",
    "text": "Loans-investment transferred-sale lower cost value. Credit-related losses charged against loan losses non-credit losses recognized noninterest revenue."
}
{
    "_id": "JPM20236154",
    "title": "",
    "text": "management loan-sale transferred amortized cost. loans assessed impairment Firm’s allowance methodology. Note 13 Firm’s allowance loan losses."
}
{
    "_id": "JPM20236156",
    "title": "",
    "text": "Firm loans. JPMorgan Chase concessions loss avoid foreclosure payments. concessions interest rate reductions term extensions delays principal forgiveness. January 1 2023 Financial Instruments Credit Losses Troubled Debt Restructurings Vintage Disclosure loan modifications TDRs FDMs. Note 1."
}
{
    "_id": "JPM20236157",
    "title": "",
    "text": "FDMs nonaccrual status modification. returned to performing status accrual interest resumed if criteria met borrower performed modified terms six months payments Firm repayment assured debt capacity future earnings collateral values LTV ratios market considerations. limited circumstances modification not nonaccrual modification."
}
{
    "_id": "JPM20236158",
    "title": "",
    "text": "allowance credit losses FDMs re-default rates loans. Note 13."
}
{
    "_id": "JPM20236159",
    "title": "",
    "text": "January 2023 modifications loans concessions borrower accounted"
}
{
    "_id": "JPM20236160",
    "title": "",
    "text": "TDRs. concessions interest reductions term extensions delays principal forgiveness equity. insignificant modifications not TDRs."
}
{
    "_id": "JPM20236161",
    "title": "",
    "text": "Loans modified in TDRs measured impairment asset-specific allowance methodology redefault rates. loan modified TDR subject asset-specific accrual. Note 13."
}
{
    "_id": "JPM20236163",
    "title": "",
    "text": "Firm acquires property borrowers restructurings foreclosures. land buildings commercial. automobiles ships."
}
{
    "_id": "JPM20236164",
    "title": "",
    "text": "Firm recognizes foreclosed property receiving loan. loans collateralized property recognizes foreclosure sale execution deed. Foreclosed assets reported balance recognized fair value less costs. quarter fair value reviewed adjusted. adjustments charged noninterest revenue. Operating expense taxes charged expense."
}
{
    "_id": "JPM20236170",
    "title": "",
    "text": "Firm’s loan portfolio divided three segments losses Consumer Wholesale. monitors credit risk loans. Consumer Residential real estate Auto other Credit card loans Secured real estate Commercial industrial Other"
}
{
    "_id": "JPM20236171",
    "title": "",
    "text": "equity loans CCB AWM CIB."
}
{
    "_id": "JPM20236172",
    "title": "",
    "text": "auto banking loans overdrafts."
}
{
    "_id": "JPM20236173",
    "title": "",
    "text": "loans CIB CB AWM CCB wholesale methodology losses."
}
{
    "_id": "JPM20236174",
    "title": "",
    "text": "wholesale portfolio align loan classifications collateral purpose borrower."
}
{
    "_id": "JPM20236175",
    "title": "",
    "text": "loans SPEs institutions companies trusts Global Bank. Morgan Wealth states subdivisions nonprofits. Note 14."
}
{
    "_id": "JPM20236188",
    "title": "",
    "text": "tables loan balances portfolio. December 31, 2023 credit millions,275,123,472,870-for-sale fair value,331,851 Total#410,093,123,490,323,706 December 31, 2022 excluding credit millions Retained,753,175,670,598-for-sale fair value Total,375,175,097,135,647"
}
{
    "_id": "JPM20236189",
    "title": "",
    "text": "First Republic $90. 7 billion. billion excluding $53. 9 billion wholesale."
}
{
    "_id": "JPM20236190",
    "title": "",
    "text": "$6. billion $5. billion accrued interest 2023 2022. $49 million $39 million."
}
{
    "_id": "JPM20236191",
    "title": "",
    "text": "fair value unamortized discounts premiums deferred fees. not December 2023 2022."
}
{
    "_id": "JPM20236202",
    "title": "",
    "text": "tables value loans purchased sold reclassified-sale. Loans reclassified sold excluded sales line. Year ended December 31, millions excluding credit Purchases,205,300 Sales,151 loans reclassified held-for-sale Year ended December 31, millions excluding credit Purchases,713 Sales loans reclassified held-for-sale"
}
{
    "_id": "JPM20236208",
    "title": "",
    "text": "Year December 31, millions excluding credit Purchases,122 Sales Retained loans held-for-sale,178"
}
{
    "_id": "JPM20236209",
    "title": "",
    "text": "loans non-cash."
}
{
    "_id": "JPM20236210",
    "title": "",
    "text": "purchases real estate loans repurchases delinquent loans Mortgage Association years 2023 2022 2021. Firm loans foreclosure Ginnie Mae FHA RHS VA."
}
{
    "_id": "JPM20236211",
    "title": "",
    "text": "purchases loans $5. $12. 4 $25. 8 billion 2023 2022 2021 sourced underwritten."
}
{
    "_id": "JPM20236212",
    "title": "",
    "text": "Republic $91. billion Consumer. billion Wholesale. Note 34."
}
{
    "_id": "JPM20236214",
    "title": "",
    "text": "gains sales loans adjustments cost value $56 million December 2023 $62 million loans. $(186) million December 2022 $(48) million loans. $261 million December 31, 2021 $253 million related loans. sale loans write downs recoveries changes allowance credit losses."
}
{
    "_id": "JPM20236218",
    "title": "",
    "text": "Consumer loans mortgages home equity lines credit auto banking prime credit market. junior liens prime mortgage interest-only negative amortization."
}
{
    "_id": "JPM20236223",
    "title": "",
    "text": "table consumer loans class. December 31, Residential real estate Auto,192 loans,275,753"
}
{
    "_id": "JPM20236224",
    "title": "",
    "text": ". 7 billion."
}
{
    "_id": "JPM20236227",
    "title": "",
    "text": "Delinquency rates primary credit quality indicator consumer loans. Loans more than 30 days past due warning borrowers financial difficulties unable unwilling repay. loan clear borrower unable. residential estate late-stage delinquencies than 150 days past due loans foreclosure. delinquency rates other credit quality indicators vary class loan residential real estate loans current estimated LTV ratio indicator potential loss severity default. ratios borrower’s willingness to pay delinquency rate high-LTV loans greater collateral. geographic distribution loan collateral credit quality. borrower’s current FICO score secondary credit quality indicator. low FICO score higher risk. high LTV ratio low FICO score greater risk default. scored auto business banking loans geographic distribution credit performance.loans geographic distribution portfolio performance regional."
}
{
    "_id": "JPM20236249",
    "title": "",
    "text": "Delinquency credit indicator residential real estate loans. tables delinquency charge-offs December 31, 2023. 31, 2023 loans origination year loans revolving term loans Loan delinquency Current,216,366 30–149 days past due 150 more days past due Total retained loans,250,450 % 30+ days past due retained loans.53 Gross charge-offs millions except ratios 31, 2022 loans origination year loans revolving term loans Loan delinquency#39,934,072,315,397,339,632 30–149 days past due 150 more days past due Total retained loans#39,964,335,427,366,709 % 30+ days past due retained loans."
}
{
    "_id": "JPM20236250",
    "title": "",
    "text": "delinquency classifications mortgage loans. December 2023."
}
{
    "_id": "JPM20236251",
    "title": "",
    "text": "December 31, 2023 2022 loans deferral COVID-19 deferral period delinquent."
}
{
    "_id": "JPM20236252",
    "title": "",
    "text": "$6. $26. $21. $7. $10. loans 2023 2022 $2. 5 billion revolving loans First Republic."
}
{
    "_id": "JPM20236253",
    "title": "",
    "text": "mortgage loans 30 days. December 31, 2023 2022. excluded government."
}
{
    "_id": "JPM20236254",
    "title": "",
    "text": "$343 million First Republic."
}
{
    "_id": "JPM20236255",
    "title": "",
    "text": "loans year originated."
}
{
    "_id": "JPM20236256",
    "title": "",
    "text": "37% revolving loans senior junior. lien position Firm credit losses. Revolving loans converted term loans higher delinquency rates period. fully-amortizing payment higher minimum."
}
{
    "_id": "JPM20236292",
    "title": "",
    "text": "table credit indicators retained loans.millions weighted-average 31, 2023 31, 2022 Nonaccrual loans LTV ratios Greater 125% FICO scores Equal Less 101% to 125% FICO Less 80% to 100% FICO Equal,034 Less 660 Less 80% FICO scores Equal,251,096 Less,277,659 No FICO/LTV retained loans Weighted average LTV ratio FICO California,072 New York Florida,778 Texas Massachusetts,213,380 Illinois,856,296 Colorado,800 Washington New Jersey,108 Connecticut,163,432,233 loans"
}
{
    "_id": "JPM20236293",
    "title": "",
    "text": "collateral-dependent loans charged less costs. Firm reports loans discharged Chapter 7 bankruptcy collateral-dependent delinquency. December 31, 2023 Chapter 7 loans 30 days past due."
}
{
    "_id": "JPM20236294",
    "title": "",
    "text": "loans insured. loans December 2023 2022."
}
{
    "_id": "JPM20236295",
    "title": "",
    "text": "consumer loans have allowance. regulatory collateral-dependent charged down lower amortized cost or less costs. If improves allowance negative."
}
{
    "_id": "JPM20236296",
    "title": "",
    "text": "income loans $180 million $175 million 2023 2022."
}
{
    "_id": "JPM20236297",
    "title": "",
    "text": "excludes loans COVID-19."
}
{
    "_id": "JPM20236298",
    "title": "",
    "text": "unpaid principal balance loans divided property value. estimated quarterly home index forecasted. LTV junior lien home equity loans lien positions unused lines property."
}
{
    "_id": "JPM20236299",
    "title": "",
    "text": "FICO scores credit obtained Firm quarterly."
}
{
    "_id": "JPM20236300",
    "title": "",
    "text": "loans LLCs AWM refreshed FICO score. included FICO band credit quality."
}
{
    "_id": "JPM20236301",
    "title": "",
    "text": ". loans December 2023."
}
{
    "_id": "JPM20236302",
    "title": "",
    "text": "FICO LTV."
}
{
    "_id": "JPM20236303",
    "title": "",
    "text": "regions ordered loan balances December 31, 2023."
}
{
    "_id": "JPM20236304",
    "title": "",
    "text": "$1. 1 billion FICO scores 80% 100% LTV $87. 9 billion. 80% First Republic."
}
{
    "_id": "JPM20236305",
    "title": "",
    "text": ". 7 billion."
}
{
    "_id": "JPM20236306",
    "title": "",
    "text": "$54. $14. $7. California Florida Massachusetts First Republic."
}
{
    "_id": "JPM20236309",
    "title": "",
    "text": "Firm grants modifications loans effective January 1, 2023 FDMs. government programs. GSE provide modifications interest rate reductions term extensions payment delay principal forgiveness FDMs."
}
{
    "_id": "JPM20236311",
    "title": "",
    "text": "2023 residential real estate FDMs $136 million. effects term extensions interest rate reductions life loans 20 years interest rate. 21%. 44%. no additional commitments borrowers."
}
{
    "_id": "JPM20236312",
    "title": "",
    "text": "Firm $69 million trial $9 million Chapter 7 2023. eliminated criteria. modifications Chapter 7 loans TDRs FDMs. Note 1."
}
{
    "_id": "JPM20236314",
    "title": "",
    "text": "year 2023 $29 million 30 days-defaulted $17 million."
}
{
    "_id": "JPM20236316",
    "title": "",
    "text": "January 1 2023 modifications loans concessions TDRs. modifications not TDRs. years December 2022 2021 new TDRs $362 million $866 million no additional commitments borrowers modified."
}
{
    "_id": "JPM20236317",
    "title": "",
    "text": "Firm’s government programs. GSE provide concessions troubled borrowers interest rate reductions extensions delays principal interest payments."
}
{
    "_id": "JPM20236318",
    "title": "",
    "text": "table residential loans TDRs"
}
{
    "_id": "JPM20236328",
    "title": "",
    "text": ". excludes short modifications. Year ended December loans approved trial modification,246 loans modified,182 Concession granted Interest rate reduction extension Principal interest deferred forgiveness"
}
{
    "_id": "JPM20236329",
    "title": "",
    "text": "concessions loans modified. sum exceeds 100% modifications include concession. trial modifications consistent permanent modifications."
}
{
    "_id": "JPM20236330",
    "title": "",
    "text": "variable modifications payment delays TDR."
}
{
    "_id": "JPM20236341",
    "title": "",
    "text": "table provides financial effects concessions modifications residential real estate loans redefaults. effects permanent modifications temporary concessions. excludes loans short-term modifications. Year ended December 31, millions average data-average interest rate loans before TDR. after TDR. contractual term loans extensions before TDR after TDR Charge-offs permanent modification Principal deferred Principal forgiven Balance loans redefaulted one year permanent modification"
}
{
    "_id": "JPM20236342",
    "title": "",
    "text": "loans modified TDRs payment default one year. dollar amounts represent balance end reporting period defaulted."
}
{
    "_id": "JPM20236344",
    "title": "",
    "text": "December 31, 2023 2022 Firm loans. value $566 million $565 million not REO foreclosure."
}
{
    "_id": "JPM20236367",
    "title": "",
    "text": "Delinquency credit indicator retained auto loans. tables delinquency charge-offs December 31, 2023. 2023 millions ratios loans origination year loans revolving term Loan delinquency Current,328,777,984 30–119 days past due 120 more days past due Total retained loans,605,077,866 % 30+ days past due retained loans.Gross charge-offs 31, 2022 millions except loans origination year loans revolving term Loan delinquency Current#22,187,212#3,991#1,467,342,296 30–119 days past due 120 more days past due Total retained loans,450,573,059,500,356,192 % 30+ days past due total retained loans.. 18#"
}
{
    "_id": "JPM20236368",
    "title": "",
    "text": "December 2023 2022 loans excluded $20 million $153 million loans SBA 30 due."
}
{
    "_id": "JPM20236387",
    "title": "",
    "text": "table nonaccrual credit indicators loans. 31, 2023 2022 Nonaccrual loans region California,959 Texas Florida New York Illinois New Jersey Georgia Pennsylvania Arizona North Carolina,722,475 loans,866,192"
}
{
    "_id": "JPM20236388",
    "title": "",
    "text": "December 31, 2023 2022 nonaccrual loans excluded $15 $101 million loans 90 days guaranteed SBA $15 $76 million accruing interest. insured interest guaranteed. no loans 90 days past due accruing."
}
{
    "_id": "JPM20236389",
    "title": "",
    "text": "consumer loans have allowance. regulatory collateral-dependent charged down lower amortized cost or less costs. If improves allowance negative."
}
{
    "_id": "JPM20236390",
    "title": "",
    "text": "income loans cash years December 2023 2022."
}
{
    "_id": "JPM20236391",
    "title": "",
    "text": "regions ordered loan balances December 31, 2023."
}
{
    "_id": "JPM20236393",
    "title": "",
    "text": "Firm grants loans borrowers difficulty January 1 2023 FDMs. December 31, 2023 no additional commitments."
}
{
    "_id": "JPM20236394",
    "title": "",
    "text": "periods January 1 2023 modifications loans concessions TDRs. Loans modifications not TDRs. years December 2022 2021 TDRs not."
}
{
    "_id": "JPM20236398",
    "title": "",
    "text": "credit card portfolio includes loans originated purchased Firm. Delinquency rates credit indicator early warning difficulties (30 days past (90 days past. geographic distribution credit quality regional economy."
}
{
    "_id": "JPM20236399",
    "title": "",
    "text": "borrower’s credit score indicator credit quality Firm view primary lagging indicator. distribution scores indicator"
}
{
    "_id": "JPM20236400",
    "title": "",
    "text": "quality trends score factors future credit performance. FICO score obtained quarterly credit credit quality indicators. industry benchmark scores."
}
{
    "_id": "JPM20236401",
    "title": "",
    "text": "Firm originates credit card accounts borrowers. FICO scores decrease performance."
}
{
    "_id": "JPM20236423",
    "title": "",
    "text": "tables delinquency charge-offs December 31, 2023. 31, 2023 term less 30 days past due accruing 30–89 days accruing 90 days accruing loans,117,123 delinquency % 30+ days loans. 90+ days. Gross charge-offs,325 31, 2022 term Current less than 30 days past due accruing#181,793,489 30–89 days past due accruing 90 days past accruing loans,379,175 Loan delinquency % 30+ days past due loans.####12. 56. 45 90+ days loans. 68"
}
{
    "_id": "JPM20236444",
    "title": "",
    "text": "table credit quality indicators retained card loans. millions 31, 2022 California,652,154 Texas,171 New York,046 Florida,905 Illinois New Jersey Ohio Colorado,493 Pennsylvania Arizona,878 retained loans,123,175 Percentage portfolio value FICO Equal. Less. No FICO."
}
{
    "_id": "JPM20236445",
    "title": "",
    "text": "regions ordered loan balances December 31, 2023."
}
{
    "_id": "JPM20236447",
    "title": "",
    "text": "Firm grants modifications card loans financial effective January 1, 2023 FDMs. modifications account fixed payment plan 60 months interest rate. borrower payments loan charged-off charge-off policy. reinstate borrower line credit."
}
{
    "_id": "JPM20236453",
    "title": "",
    "text": "table credit card loan modifications. December 2023 millions loan modifications loans effect Term extension interest rate reduction. extension interest rate. 19%. 64%"
}
{
    "_id": "JPM20236454",
    "title": "",
    "text": "extension includes loans modified long-term fixed payment plan."
}
{
    "_id": "JPM20236455",
    "title": "",
    "text": "interest enrollment."
}
{
    "_id": "JPM20236456",
    "title": "",
    "text": "2023 Firm $27 million loans trial modifications. TDR eliminated criteria. trial modifications not."
}
{
    "_id": "JPM20236463",
    "title": "",
    "text": "table payment status FDMs 2023. millions cost less 30 days due accruing 30-89 days 90 days accruing Total"
}
{
    "_id": "JPM20236464",
    "title": "",
    "text": "$50 million FDMs extension interest rate reduction."
}
{
    "_id": "JPM20236465",
    "title": "",
    "text": "card loans FDMs default borrower misses two payments. Defaulted loans Firm charge-off policy."
}
{
    "_id": "JPM20236469",
    "title": "",
    "text": "January 1 2023 modifications credit card loans Firm concessions TDRs. Firm granted concessions long-term. concessions fixed payment plan 60 months interest rate. modifications long-term programs TDRs. Loans short-term modifications TDRs."
}
{
    "_id": "JPM20236475",
    "title": "",
    "text": "table financial effects concessions loans TDRs. new enrollments less 1% loans. Year ended December 31, Balance new TDRs#418#393 before TDR. 75 after TDR. Balance loans redefaulted year#34#57"
}
{
    "_id": "JPM20236476",
    "title": "",
    "text": "balance modification."
}
{
    "_id": "JPM20236477",
    "title": "",
    "text": "loans modified TDRs payment default one year. amounts represent balance loans end quarter defaulted."
}
{
    "_id": "JPM20236478",
    "title": "",
    "text": "card loans modified TDRs default borrower missed two payments. Defaulted loans charge-off policy."
}
{
    "_id": "JPM20236481",
    "title": "",
    "text": "Wholesale loans include clients large high-net-worth."
}
{
    "_id": "JPM20236482",
    "title": "",
    "text": "credit quality indicator wholesale loans internal risk rating. ratings credit quality differentiate risk. consider PD LGD. PD likelihood. LGD estimated loss default collateral structural support."
}
{
    "_id": "JPM20236483",
    "title": "",
    "text": "Management considers factors internal risk rating debt capacity financial flexibility earnings repayment contingencies management strength industry geography. risk ratings with characteristics. S&P Moody’s quantitative characteristics. PD LGD differ experiences. considers ratings BBB-/Baa3 higher investment grade lower PD LGD non-investment grade."
}
{
    "_id": "JPM20236484",
    "title": "",
    "text": "Noninvestment-grade ratings noncriticized subdivided performing nonaccrual loans collectibility principal interest. Criticized loans higher PD. aligns U. banking doubtful. Note 1."
}
{
    "_id": "JPM20236485",
    "title": "",
    "text": "Risk ratings reviewed Credit Risk Management adjusted for obligations."
}
{
    "_id": "JPM20236486",
    "title": "",
    "text": "risk rating loan industry obligor. Firm focuses diversification industry client exposures industries credit concern. Note 4 industry concentrations."
}
{
    "_id": "JPM20236502",
    "title": "",
    "text": "risk rating credit wholesale loans. tables rating charge-offs 2023.December 31, millions except ratios real industrial retained Loans risk Investment-grade,405,552,275#249,585,412 Noninvestment grade Noncriticized,637,178 Criticized,684,232,742 Criticized noninvestment- grade,542,159,634,258 Total retained loans#162,338#126,732,660,278,670 % investment-grade total retained loans.17####78. 55 49. 50 70 23 47 criticized retained loans. 58. 51. 60 criticized retained loans. 73. 21 35."
}
{
    "_id": "JPM20236503",
    "title": "",
    "text": "December 2023 $33. billion $3. Commercial $17. billion First Republic."
}
{
    "_id": "JPM20236521",
    "title": "",
    "text": "SPEs institutions Bank. Morgan Wealth states subdivisions nonprofits. December 2023 $106. 9 billion $91. 2 billion $87. 5 billion institutions Note 14.real millions 31, loans origination year to 2019 to term loans Loans risk Investment-grade,687,874,784,677,108,405 Noninvestment-grade,579,840 Total retained loans,164,453,623,660,664,026,746 Gross charge-offs by real millions 31, loans origination year to 2018 revolving period to term loans Loans risk Investment-grade#24,134,407#14,773,666,277,289#1,006,552 Noninvestment-grade,180 retained loans,206#28,009,805,164#7,672,948#1,926#126,732"
}
{
    "_id": "JPM20236522",
    "title": "",
    "text": "December 2023 $3. $11. $6. $2. $5. loans 2023 2022 $838 million revolving loans First Republic."
}
{
    "_id": "JPM20236540",
    "title": "",
    "text": "millions 31, loans origination year to 2019 to term loans Loans risk Investment-grade#14,875,642,276,291,115,394 Noninvestment-grade,890,444,299,989,144,696,542 retained loans,765,086,280,174,121,090,166 Gross charge-offs millions 31, loans origination year to 2018 revolving period to term loans Loans risk Investment-grade$#21,072,338#748#40,087,275 Noninvestment-grade,088,444,267,385 retained loans,160#20,782#6,504#4,501#2,003,354,660"
}
{
    "_id": "JPM20236558",
    "title": "",
    "text": "December 31, 2023 $364 $568 $471 $212 $53 $121 loans $1. 2 billion revolving loans $12 million.millions 31, loans origination year 2019 revolving period to term loans Loans risk Investment-grade,338,034,033,721,194 Noninvestment-grade,054,169,172,801,159 Total retained loans#52,392,126,202,271,663,253,968 Gross charge-offs millions 31, loans origination year to 2018 revolving period to term loans Loans riskInvestment-grade,121,864#13,015,159,251#171,049#249,585 Noninvestment-grade,096,240 retained loans,950,960,836,228#2,610,289,679#309,278"
}
{
    "_id": "JPM20236559",
    "title": "",
    "text": "loans SPEs institutions trusts Global Private Bank. Morgan Wealth states subdivisions nonprofits. Note 14."
}
{
    "_id": "JPM20236560",
    "title": "",
    "text": "December 31, 2023 $610 million. $820. $244 million. 4 billion loans $11. billion revolving $56 million First Republic."
}
{
    "_id": "JPM20236570",
    "title": "",
    "text": "table presents information retained loans secured real estate Wholesale portfolio property. Multifamily lending includes acquisition leasing construction apartment buildings. commercial includes acquisition leasing construction office retail industrial real estate. secured real estate loans $10. 2 billion $6. 4 billion December 31, 2023 2022 construction development loans development construction commercial industrial residential farm buildings. millions retained loans secured real Retained loans secured,725 Criticized % retained loans. nonaccrual loans loans."
}
{
    "_id": "JPM20236571",
    "title": "",
    "text": "$20. 1 Multifamily loans First Republic."
}
{
    "_id": "JPM20236585",
    "title": "",
    "text": "table geographic distribution delinquency wholesale loans. real estate industrial loans December millions Loans geographic distribution.,499,740,638,324,499,636,589 non.,992,469,753,836,081 loans#162,338#126,732,166,660,968,278,472,670 delinquency less 30 days due accruing,314#126,083,899,415,128,341 30–89 days due accruing,127,447 90 days due accruing####162 nonaccrual retained loans#126,732,166,660,968,278,472,670"
}
{
    "_id": "JPM20236586",
    "title": "",
    "text": "U. non-U distribution domicile borrower."
}
{
    "_id": "JPM20236587",
    "title": "",
    "text": "First Republic domiciled."
}
{
    "_id": "JPM20236588",
    "title": "",
    "text": "loans-collateralized accruing."
}
{
    "_id": "JPM20236596",
    "title": "",
    "text": "table nonaccrual loans. December 31, millions real estate industrial loans Nonaccrual loans allowance#129,397,345 Without allowance Total nonaccrual loans#401#246#1,221#724#699"
}
{
    "_id": "JPM20236597",
    "title": "",
    "text": "discounted cash collateral amortized cost loan allowance. occurs loans partially charged interest payments balance."
}
{
    "_id": "JPM20236598",
    "title": "",
    "text": "income loans years December 2023 2022."
}
{
    "_id": "JPM20236601",
    "title": "",
    "text": "Firm grants wholesale loans 2023 FDMs."
}
{
    "_id": "JPM20236627",
    "title": "",
    "text": "tables loan class modifications. ended December 2023 Single Term extension-insignificant payment Multiple Interest rate reduction term Total millions December 2023 Single Term extension#916-insignificant Multiple extension interest rate reduction term Term extension principal Interest rate reduction term,363"
}
{
    "_id": "JPM20236639",
    "title": "",
    "text": "millions 2023 cost Loan Interest rate reduction Term payment deferral term"
}
{
    "_id": "JPM20236640",
    "title": "",
    "text": "loans nonprofits institutions."
}
{
    "_id": "JPM20236649",
    "title": "",
    "text": "table loan class payment status FDMs 2023. cost real industrial millions 30 days past due accruing 30-89 days past due accruing Total,363"
}
{
    "_id": "JPM20236658",
    "title": "",
    "text": "table loan class FDMs-defaulted 2023. millions cost real industrial Loan modification Term extension payment deferral Interest rate reduction term extension"
}
{
    "_id": "JPM20236659",
    "title": "",
    "text": "FDMs 30 days."
}
{
    "_id": "JPM20236660",
    "title": "",
    "text": "December 31, 2023 unfunded commitments Commercial industrial $1. 8 billion $4 million. no real estate."
}
{
    "_id": "JPM20236662",
    "title": "",
    "text": "January 1, 2023 loan modifications TDRs. concessions financial difficulty. short-term modifications not TDRs TDR accounting CARES Act."
}
{
    "_id": "JPM20236663",
    "title": "",
    "text": "December 31, 2022 2021 new TDRs $801 million $881 million. extended maturity dates covenant waivers Commercial Industrial loan class. impact material."
}
{
    "_id": "JPM20236664",
    "title": "",
    "text": "elimination requirement assess modification concession population FDMs greater TDRs."
}
{
    "_id": "JPM20236670",
    "title": "",
    "text": "Firm’s allowance for credit losses estimate expected credit losses financial assets amortized cost off-balance sheet lending commitments. comprises loan losses loan portfolios-related commitments accounts payable liabilities losses investment securities."
}
{
    "_id": "JPM20236671",
    "title": "",
    "text": "income statement changes credit recognized provision."
}
{
    "_id": "JPM20236672",
    "title": "",
    "text": "appropriateness allowance credit losses complex requires judgment management uncertain. quarterly reviewed by CRO CFO Controller. evaluations credit macroeconomic conditions may result changes future."
}
{
    "_id": "JPM20236673",
    "title": "",
    "text": "Firm’s policies loan losses lending commitments. Note 10 credit losses investment securities."
}
{
    "_id": "JPM20236675",
    "title": "",
    "text": "allowance loan losses lending-related commitments credit losses. Firm future draws cancellable commitments. credit cards. losses interest credit card loans. allowance other accrued interest receivables write off 90 days due interest income."
}
{
    "_id": "JPM20236676",
    "title": "",
    "text": "expected life instrument determined contractual term prepayments cancellation features extension call options. life funded credit card loans estimated future payments repayments activity. allocation"
}
{
    "_id": "JPM20236677",
    "title": "",
    "text": "approach Credit Card Accountability Act 2009, rate balances."
}
{
    "_id": "JPM20236678",
    "title": "",
    "text": "estimate expected credit losses includes recoveries charged negative allowance."
}
{
    "_id": "JPM20236682",
    "title": "",
    "text": "loan losses commitments Firm assesses risk. estimates credit losses. management judgment. allowance. consumer portfolio product type delinquency status FICO scores geographic distribution LTV ratios. wholesale portfolio rating delinquency tenor collateral LOB geography industry credit enhancement product type facility purpose payment terms."
}
{
    "_id": "JPM20236683",
    "title": "",
    "text": "credit exposures risk assessed impairment. consumer loans risk-rated loans lending commitments."
}
{
    "_id": "JPM20236684",
    "title": "",
    "text": "risk Firm estimates credit losses repayment conditions-specific. covers collateral-dependent risk-rated loans nonaccrual status."
}
{
    "_id": "JPM20236686",
    "title": "",
    "text": "portfolio begins calculation borrower changing delinquency risk rating. covers credit losses estimated factors exposure default. factors probability default loss severity. derived average five scenarios eight-quarter single year straight-line interpolation"
}
{
    "_id": "JPM20236689",
    "title": "",
    "text": "revert long information beyond eight-quarter. five macroeconomic scenarios central extreme updated forecasting team. outlook perspectives market consensus feedback senior management LOBs Corporate Finance Risk Management."
}
{
    "_id": "JPM20236690",
    "title": "",
    "text": "quantitative calculation adjusted model imprecision risk assessments trends subjective factors. adjustments historical loss experience product. Management applies judgment economic political conditions underwriting standards borrower behavior credit concentrations factors credit quality. interrelationships create uncertainties."
}
{
    "_id": "JPM20236691",
    "title": "",
    "text": "application inputs quantitative calculation assumptions subject to management judgment emphasizing affect estimate loan losses lending-related commitments."
}
{
    "_id": "JPM20236693",
    "title": "",
    "text": "asset-specific allowance collateral-dependent foreclosure risk-rated wholesale evaluated individually."
}
{
    "_id": "JPM20236694",
    "title": "",
    "text": "January 1 2023 Instruments Losses Debt Note."
}
{
    "_id": "JPM20236695",
    "title": "",
    "text": "adoption guidance eliminated requirement TDRs discounted flow allowed non-DCF approach loans borrowers difficulty. DCF applied discount rate post-modification."
}
{
    "_id": "JPM20236696",
    "title": "",
    "text": "Firm asset non-DCF portfolio-based loans borrowers portfolios except collateral-dependent"
}
{
    "_id": "JPM20236697",
    "title": "",
    "text": "-rated loans asset-specific. adoption impact collateral-dependent."
}
{
    "_id": "JPM20236698",
    "title": "",
    "text": "adopted retrospective credit losses $587 million earnings $446 million residential real estate credit."
}
{
    "_id": "JPM20236699",
    "title": "",
    "text": "collateral-dependent loans fair value collateral less costs sell charge-off declines value amortized cost negative allowance recoveries charge-offs improvements."
}
{
    "_id": "JPM20236700",
    "title": "",
    "text": "non-collateral loans Firm measures asset allowance difference amortized cost present cash flows discounted interest rate. changes impairment allowance losses. asset-specific incorporates modification cash flows interest rates principal forgiveness concessions expectation."
}
{
    "_id": "JPM20236701",
    "title": "",
    "text": "Estimating future cash flows judgmental rely loss severities valuations interest principal payments factors market conditions. estimates economic conditions industry portfolio borrower-specific factors insolvency proceedings other economic factors. require management judgment subjective."
}
{
    "_id": "JPM20236703",
    "title": "",
    "text": "loans securities Firm holds assets amortized cost credit exposures lending collateral. estimates assets losses conditions."
}
{
    "_id": "JPM20236704",
    "title": "",
    "text": "Credit risk lending activities collateral mitigated by-term"
}
{
    "_id": "JPM20236706",
    "title": "",
    "text": "value collateral Firm’s right call borrower’s obligation provide margin declines. exposures require credit losses. management consider collateral margin collateral issuer securities risk. If allowance losses Firm estimates losses value collateral probability borrower default."
}
{
    "_id": "JPM20236749",
    "title": "",
    "text": "table allowances credit losses loans commitments impairment methodology. Note 10 securities.next page Year December 31, millions excluding credit card Allowance loan balance January 1,200,726 change accounting principle charge-offs,151 recoveries collected charge-offs,209 Provision loan losses,484,468 Ending balance December 31,#1,856,450,420 Allowance-related balance January 1 change accounting principle Provision-related commitments Ending balance December 31,#1,899 investment securities credit losses,450 Allowance loan losses impairment Asset(876)(484) Portfolio-based,732,904 loan losses#1,856,450,420 Loans Asset-specific,287 Portfolio-based,988,134,245 retained loans,275,123,472,870 Collateral-dependent Net charge-offs#180#186 Loans value collateral cost sell,216,228-related commitments impairment Asset-specific Portfolio-based-related commitments#1,899#1,974 Lending commitments impairment-specific Portfolio-based,248,577 lending-related commitments,248,041,289"
}
{
    "_id": "JPM20236750",
    "title": "",
    "text": "impact loan losses Financial Instruments Debt Restructurings. Note 1."
}
{
    "_id": "JPM20236751",
    "title": "",
    "text": "December 31, 2023 2022 Firm $243 million $21 million accounts receivable CIB."
}
{
    "_id": "JPM20236752",
    "title": "",
    "text": "2023 losses First Republic."
}
{
    "_id": "JPM20236753",
    "title": "",
    "text": "collateral loans foreclosure risk-rated loans periods. collateral-dependent modified PCD loans."
}
{
    "_id": "JPM20236754",
    "title": "",
    "text": "lending commitments accounts balance sheets."
}
{
    "_id": "JPM20236755",
    "title": "",
    "text": "December 2023 2022 2021 excluded $17. $13. $15. billion consumer $915. $821. billion $730. billion $19. $9. $32. billion wholesale."
}
{
    "_id": "JPM20236788",
    "title": "",
    "text": "previous page excluding credit card excluding credit card#1,765,250,371,386,636,800#6,892,328####3,192######322,326######630,651######283(789)######(141)(1,473(1,699),403######181,712######142,353######2,293(1,858)(2,375)(9,071)#2,040#11,200#6,486,726#1,765#10,250#4,371#16,386#2,148,261,222,409(37)(75)(74)#2,306#2,148,261#2,116,200#8,792,204#1,878,250#6,519,689#223#467#313#263(89) ##2,664,977######6,019,430,108#2,040,200#6,486,726#1,765,250,371,386,978#796#2,189,963#13,919#987#2,255,161,775,481,635######281,637,309######558,099#300,753,175#603,670#1,089,598#295,556,296,354#1,010,206(33)(17)$#38#71 ##3,585,089#90#167,216,292######113#76#2,306#2,382#113#2,148#2,261#455#455#764#764,423,688####482,111######29,588,571,159#20,423$#462,143#482,566#29,588#454,335#483,923"
}
{
    "_id": "JPM20236792",
    "title": "",
    "text": "credit losses December 2023 $24. billion. billion."
}
{
    "_id": "JPM20236795",
    "title": "",
    "text": "addition credit losses $1. 9 billion$1. 3 billion consumer CCB $1. 4 billion Card Services reduction $200 million Home Lending. loan growth revolving balances reduced borrower uncertainty. reduction Lending home prices$675 million wholesale downgrade macroeconomic commercial real estate accounts receivable loan lending."
}
{
    "_id": "JPM20236796",
    "title": "",
    "text": "$1. 2 billion First Republic loans 2023."
}
{
    "_id": "JPM20236797",
    "title": "",
    "text": "Firm outlook third quarter 2023 lower unemployment higher growth adverse scenarios first quarter 2023 recession risks high inflation financial conditions."
}
{
    "_id": "JPM20236798",
    "title": "",
    "text": "credit losses $587 million TDR January 1 2023. Note 1."
}
{
    "_id": "JPM20236799",
    "title": "",
    "text": "Firm's allowance credit losses estimated five scenarios. adverse scenarios punitive. unemployment 5. 5% fourth quarter 2024. GDP 1. 5% lower second quarter 2025."
}
{
    "_id": "JPM20236808",
    "title": "",
    "text": "table presents Firm’s central case assumptions December 31, U. S. unemployment rate. YoY growth U. GDP. assumptions December 31,. unemployment rate. YoY growth U. S. GDP."
}
{
    "_id": "JPM20236809",
    "title": "",
    "text": "quarterly average. unemployment"
}
{
    "_id": "JPM20236810",
    "title": "",
    "text": "year over growth. GDP forecast calculated percentage change. prior year."
}
{
    "_id": "JPM20236812",
    "title": "",
    "text": "reflected credit losses"
}
{
    "_id": "JPM20236813",
    "title": "",
    "text": "."
}
{
    "_id": "JPM20236814",
    "title": "",
    "text": "Accounting Estimates 155–158 credit losses judgments."
}
{
    "_id": "JPM20236815",
    "title": "",
    "text": "Consumer Credit pages 114–119 Wholesale 120–130."
}
{
    "_id": "JPM20236818",
    "title": "",
    "text": "Note 1 171 policies consolidation VIEs."
}
{
    "_id": "JPM20236825",
    "title": "",
    "text": "table summarizes Firm-sponsored VIEs business segment. considers VIE JPMorgan Chase primary beneficiary assets issues instruments JPMorgan Chase name JPMorgan Chase–administered asset-backed commercial paper conduit. Business Form 10-K card securitization trusts receivables 261–262 securitization trusts mortgages 262–264 securitization trusts consumer loans-seller conduits financial markets transactions bond vehicles investments"
}
{
    "_id": "JPM20236829",
    "title": "",
    "text": "Firm’s business segments involved with VIEs lesser •Asset & Wealth Management sponsors manages funds VIEs. earns fee based assets fee varies investment competitively priced. VIEs interests significant consolidation financial results. •Commercial Banking provides financing services clients third-sponsored entities VIE. control consolidate. maximum loss exposure limited to loans commitments. •Corporate involved with entities VIEs subject to specialized investment accounting consolidation. Treasury CIO invest in securities issued third parties VIEs. Firm direct activities consolidate. Note 10 investment securities portfolio."
}
{
    "_id": "JPM20236830",
    "title": "",
    "text": "CIB invests provides financing services VIEs. page 266 VIEs."
}
{
    "_id": "JPM20236833",
    "title": "",
    "text": "CCB’s Card Services credit card loans Chase Issuance Trust. receivables seller’s interest securities escrow accounts."
}
{
    "_id": "JPM20236834",
    "title": "",
    "text": "Firm consolidates assets liabilities sponsored credit card trusts primary beneficiary securitization activities servicing decisions receivables transferred related modifications workouts. Firm’s involvement"
}
{
    "_id": "JPM20236835",
    "title": "",
    "text": "trusts Firm absorb losses right receive benefits VIEs."
}
{
    "_id": "JPM20236836",
    "title": "",
    "text": "securitized credit card receivables assets available for beneficial interests not obligations claims creditors."
}
{
    "_id": "JPM20236837",
    "title": "",
    "text": "agreements Firm interest 5%. December 2023 2022 Firm held interests $4. 9 billion $6. 1 billion. average interest receivables 65%"
}
{
    "_id": "JPM20236840",
    "title": "",
    "text": "62% 2023 2022. Firm senior retained $1. 5 billion credit card 2023 2022. interests eliminated consolidation."
}
{
    "_id": "JPM20236842",
    "title": "",
    "text": "Firm securitizes residential commercial consumer loans CCB CIB businesses. act servicer retain interests securitization trusts."
}
{
    "_id": "JPM20236859",
    "title": "",
    "text": "tables present unpaid principal Firm-sponsored securitization entities involvement consolidated. involvement includes servicing loans senior recourse derivative contracts. servicing loans. maximum loss from retained purchased interests carrying value.amount Chase interest securitized assets nonconsolidated VIEs December 31, 2023 millions assets assets securities interests-related Residential mortgage Prime/Alt-A option ARMs#58,570,319 Subprime,881 Commercial other,262,354 Total#235,493,893,462 amount Chase interest securitized assets nonconsolidated VIEs December 31, 2022 millions assets VIEs nonconsolidated securities assets interests-related Residential mortgage Prime/Alt-A option ARMs,36$#754,058#1,918 Subprime,709 Commercial other,037,373 Total#229,986#754,838#1,642#7,291#670#9,603"
}
{
    "_id": "JPM20236860",
    "title": "",
    "text": ". S GSEs not Firm-sponsored."
}
{
    "_id": "JPM20236861",
    "title": "",
    "text": "loans non-mortgage receivables."
}
{
    "_id": "JPM20236862",
    "title": "",
    "text": "retained servicing securities loan. GSEs government agencies interest foreign exchange derivatives senior securities $52 million $134 million December 31, 2023 2022 subordinated securities purchased."
}
{
    "_id": "JPM20236863",
    "title": "",
    "text": "interests-securitization."
}
{
    "_id": "JPM20236864",
    "title": "",
    "text": "December 31, 2023 2022 77% 84% interests risk-rated “A” S&P. residential mortgages $2. 5 billion $2. 6 billion-grade $88 million $27 million noninvestment. commercial trusts $6. 1 billion $5. 8 billion investment-grade $1. 7 billion $1. 1 billion noninvestment-grade."
}
{
    "_id": "JPM20236867",
    "title": "",
    "text": "Firm securitizes loans CCB purchased CCB or CIB. CCB retains servicing certain CIB. CCB Firm activities VIE for loan modifications. CCB retain interest securitization."
}
{
    "_id": "JPM20236868",
    "title": "",
    "text": "CIB underwriting trading securities Firm-sponsored securitization trusts. retains senior subordinated interests credit risk in residential mortgage securitizations reacquires positions secondary market. CIB Treasury CIO CCB Firm primary beneficiary of securitization trusts."
}
{
    "_id": "JPM20236869",
    "title": "",
    "text": "Firm consolidate residential mortgage securitizations not servicer power direct significant activities hold beneficial interest significant."
}
{
    "_id": "JPM20236871",
    "title": "",
    "text": "CIB originates securitizes mortgage loans underwriting trading trusts. retain unsold interests credit risk retention mortgage securitizations service commercial securitizations. Treasury CIO invest. direct activities VIE by servicer investors securities. Firm retain interest controlling class transactions."
}
{
    "_id": "JPM20236873",
    "title": "",
    "text": "Firm re-securitization transactions securities VIE interests. transfers U. S. GSEs VIEs backed residential mortgages. consolidation."
}
{
    "_id": "JPM20236877",
    "title": "",
    "text": "table securities VIEs. December 31, millions Transfers. GSEs government agencies,864,128"
}
{
    "_id": "JPM20236878",
    "title": "",
    "text": "re-securitizations Firm involved are client-driven specific specific return risk profile. decision-making power shared between Firm clients considering joint effort trust assets economic interest consolidate re-securitization."
}
{
    "_id": "JPM20236879",
    "title": "",
    "text": "securities re-securitization 2023 2022 2021 retained interests VIEs 2022."
}
{
    "_id": "JPM20236880",
    "title": "",
    "text": "Firm may invest in interests third-party-sponsored re-securitizations purchases secondary market. direct significant activities re-securitization trust not involved initial design independent power consolidate re-securitization."
}
{
    "_id": "JPM20236887",
    "title": "",
    "text": "table Firm interests VIEs. December 31, millions. GSEs government agencies Interest,371"
}
{
    "_id": "JPM20236888",
    "title": "",
    "text": "December 31, 2023 2022 consolidate U. GSE private-label."
}
{
    "_id": "JPM20236890",
    "title": "",
    "text": "Multi-seller conduit entities provide secured financing collateralized by receivables assets to customers Firm. fund rated commercial paper. repayment cash from assets. assets structured with deal-specific credit enhancements provided by customers. enhancements cover historical losses overcollateralization seller. mitigate losses agreements."
}
{
    "_id": "JPM20236891",
    "title": "",
    "text": "repayment commercial paper provide conduits asset pool financed 100% deal-specific liquidity JPMorgan Chase Bank. provides multi-seller conduit vehicles program-wide liquidity credit enhancement standby letters credit. credit enhancement paper issuance 10% outstanding balance."
}
{
    "_id": "JPM20236892",
    "title": "",
    "text": "Firm consolidates multi-seller conduits activities economic interest. makes decisions asset types credit quality manages commercial paper funding. interests VIEs include fees liquidity credit enhancement provider potential exposure liquidity credit enhancement facilities."
}
{
    "_id": "JPM20236893",
    "title": "",
    "text": "JPMorgan Chase invests paper conduits. held $9. 8 billion $13. 8 billion at December 31, 2023 2022 eliminated consolidation. investments reflect funding needs not driven market illiquidity. not obligated purchase paper."
}
{
    "_id": "JPM20236894",
    "title": "",
    "text": "Deal program credit enhancement eliminated consolidation.-seller lending clients. unfunded commitments $10. 8 billion $10. 6 billion December 31, 2023 2022 off-balance. Note 28."
}
{
    "_id": "JPM20236896",
    "title": "",
    "text": "trusts finance investments short-term rates. purchases bond) funds floating-rate certificates inverse floating-rate residual interests. floaters purchased funds short-term investors tendered TOB trust. residuals retained investor. residual held third-party customer TOB trusts non-customer trusts Residual retained Firm. trusts sponsored third party. Firm. services remarketing agent liquidity tender option provider."
}
{
    "_id": "JPM20236897",
    "title": "",
    "text": "J. P. Morgan Securities remarketing agent TOB trusts. variable rate initial placement floaters. markets. Floaters not material 2023 2022."
}
{
    "_id": "JPM20236898",
    "title": "",
    "text": "JPMorgan Chase Bank. Morgan Securities liquidity TOB trusts. conditional limited events"
}
{
    "_id": "JPM20236900",
    "title": "",
    "text": "include bankruptcy failure pay bond issuer taxability downgrade investment. liquidity provider’s exposure limited high credit quality bonds excess collateralization reimbursement agreements Residual holders."
}
{
    "_id": "JPM20236901",
    "title": "",
    "text": "Holders floaters TOB trust. remarketing agent floaters investor"
}
{
    "_id": "JPM20236902",
    "title": "",
    "text": "provider provides loan TOB purchase purchases floaters."
}
{
    "_id": "JPM20236903",
    "title": "",
    "text": "TOB trusts variable interest entities. Firm consolidates non-customer TOB trusts Residual economic performance receive benefits bear losses."
}
{
    "_id": "JPM20236923",
    "title": "",
    "text": "table liabilities VIEs consolidated 2023 2022.December 31, 2023 millions assets interests liabilities VIE program-sponsored credit card trusts,460,998 multi conduits,567,781 Municipal bond vehicles,116,127 Mortgage securitization entities Total,170,372,020,283 December 31, 2022 millions assets interests assets liabilities VIE program-sponsored credit card trusts-administered multi-seller conduits,989,275 Municipal bond vehicles Mortgage securitization entities,112####263 Total#2,151#34,411,112,610,889"
}
{
    "_id": "JPM20236924",
    "title": "",
    "text": "mortgage."
}
{
    "_id": "JPM20236925",
    "title": "",
    "text": "cash Consolidated balance sheets."
}
{
    "_id": "JPM20236926",
    "title": "",
    "text": "assets consolidated VIEs settle liabilities. include third-party exclude intercompany balances consolidation."
}
{
    "_id": "JPM20236927",
    "title": "",
    "text": "-bearing liabilities consolidated VIEs. holders recourse credit JPMorgan Chase. long-term $3. 1 billion $2. 1 billion at December 31, 2023 2022."
}
{
    "_id": "JPM20236928",
    "title": "",
    "text": "payable Consolidated balance sheets."
}
{
    "_id": "JPM20236929",
    "title": "",
    "text": "receivables loan CIB."
}
{
    "_id": "JPM20236933",
    "title": "",
    "text": "Firm enters transactions with VIEs. derivative counterparty liquidity provider investor underwriter placement agent remarketing agent trustee custodian. transactions conducted at arm’s-length credit decisions based on analysis VIE underlying assets. Firm activities economic performance records reports positions on balance sheets."
}
{
    "_id": "JPM20236935",
    "title": "",
    "text": "Firm unconsolidated tax credit vehicles affordable housing energy. VIEs. third party consolidate. invests earns return tax credits. maximum loss $35. 1 billion $30. 2 billion $14. 7 billion $10. 6 billion unfunded December 31, 2023 2022. assesses withhold capital investment until tax credits. Note 25 housing Note 28 off-balance sheet commitments."
}
{
    "_id": "JPM20236937",
    "title": "",
    "text": "Firm services TOB trusts remarketing agent liquidity tender option provider. provider reimbursement agreement with Residual holder. termination to Residual holders for shortfall. protect from losses municipal bonds. consolidate trusts power economic performance."
}
{
    "_id": "JPM20236938",
    "title": "",
    "text": "liquidity trusts 2023 2022 $5. 1. 8 billion. $7. 3 billion $8. 2 billion."
}
{
    "_id": "JPM20236940",
    "title": "",
    "text": "Firm securitized sold loans receivables commercial loans. investor demand generate liquidity."
}
{
    "_id": "JPM20236941",
    "title": "",
    "text": "loan securitizations Firm not required consolidate trust records transfer loan receivable as sale when accounting criteria met transferred assets isolated from creditors transferee can pledge exchange Firm control over. repurchase before maturity cause return."
}
{
    "_id": "JPM20236942",
    "title": "",
    "text": "loan securitizations Firm recognizes gain loss proceeds assets sold. Gains losses reported noninterest revenue."
}
{
    "_id": "JPM20236952",
    "title": "",
    "text": "table provides securitization activities years 2023 2022 2021 assets entities not consolidated sale accounting achieved securitization. Year December 31, millions mortgage Principal securitized#7,678,218,036,876#14,917 cash flows Proceeds loan sales,251,896,783,450,044 Servicing fees collected Cash flows interests"
}
{
    "_id": "JPM20236953",
    "title": "",
    "text": "-securitization."
}
{
    "_id": "JPM20236954",
    "title": "",
    "text": "Level 2."
}
{
    "_id": "JPM20236955",
    "title": "",
    "text": "carrying value loans proceeds loan."
}
{
    "_id": "JPM20236956",
    "title": "",
    "text": "mortgages. loan securitization. agencies"
}
{
    "_id": "JPM20236957",
    "title": "",
    "text": "mortgage loans."
}
{
    "_id": "JPM20236965",
    "title": "",
    "text": "assumptions value retained interests table. Year ended December 31, mortgage interest Weighted-average life years. discount rate. mortgage interest Weighted-average life years. discount rate."
}
{
    "_id": "JPM20236966",
    "title": "",
    "text": "MSRs sold. securitization Ginnie Mae"
}
{
    "_id": "JPM20236967",
    "title": "",
    "text": "securitization Firm sells mortgage loans excess MSRs to U. S. GSEs. sold for securitization. guarantee. Firm sells loans securitization transactions Ginnie Mae guidelines insured or guaranteed by U. S. government agency. consolidate securitization vehicles not primary beneficiary. credit risk purchaser. Note 28 indemnifications Note 15 impact sale excess MSRs."
}
{
    "_id": "JPM20236976",
    "title": "",
    "text": "table summarizes loans U. S. GSEs Ginnie Mae guidelines. Year December 31, millions value loans sold#19,906,891,035 cash securities,389,286 proceeds,689,118#103,447 Gains loan sales"
}
{
    "_id": "JPM20236977",
    "title": "",
    "text": "securities. GSEs Ginnie Mae sold retained portfolio."
}
{
    "_id": "JPM20236978",
    "title": "",
    "text": "2."
}
{
    "_id": "JPM20236979",
    "title": "",
    "text": "MSRs sale loans."
}
{
    "_id": "JPM20236980",
    "title": "",
    "text": "loan sales MSRs."
}
{
    "_id": "JPM20236981",
    "title": "",
    "text": "carrying value loans proceeds sale."
}
{
    "_id": "JPM20236983",
    "title": "",
    "text": "Firm’s obligation repurchase loans breaches Note 28, repurchase delinquent loans Ginnie Mae other. government agencies."
}
{
    "_id": "JPM20236984",
    "title": "",
    "text": "delinquent loans Ginnie Mae foreclosure loans insured guaranteed. repurchase option loans reported Consolidated balance sheets liability. Note 12 information."
}
{
    "_id": "JPM20236989",
    "title": "",
    "text": "table presents repurchased real estate foreclosed-guaranteed loans December 31, 2023 2022. loans real estate insured guaranteed. government. December Loans repurchased Real estate Foreclosed loans"
}
{
    "_id": "JPM20236990",
    "title": "",
    "text": "amounts loans repurchased Ginnie Mae."
}
{
    "_id": "JPM20236991",
    "title": "",
    "text": "repurchases loans interest accounts."
}
{
    "_id": "JPM20237001",
    "title": "",
    "text": "table nonconsolidated securitized assets Firm-sponsored securitization entities December 31, 2023 2022. millions assets days past due liquidation losses Securitized Residential mortgage Prime Alt-A option ARMs,319,058 Subprime Commercial,262,037 Total loans securitized,893,838"
}
{
    "_id": "JPM20237005",
    "title": "",
    "text": "Goodwill recorded business combination difference purchase price fair value net assets acquired adjusted one year acquisition date additional information liabilities. goodwill not amortized tested for impairment fourth quarter fiscal year business impairment."
}
{
    "_id": "JPM20237013",
    "title": "",
    "text": "goodwill business allocated units determined. table goodwill business segments. December 31, millions Consumer Community Banking,116,121,474 Corporate Investment Bank Commercial Banking Asset Wealth Management Corporate Total goodwill,634,662,315"
}
{
    "_id": "JPM20237020",
    "title": "",
    "text": "table changes carrying goodwill. December 31, millions Balance,662,315,248 Changes Business combinations Other Balance December,634,662,315"
}
{
    "_id": "JPM20237021",
    "title": "",
    "text": "2023 51% CIFM Aumni. CIB. 2022 Global Shares Frosch Travel Figg. Renovite Technologies. Volkswagen Payments. 2021 Nutmeg OpenInvest Campbell Global AWM Frank Infatuation CCB."
}
{
    "_id": "JPM20237022",
    "title": "",
    "text": "adjustments."
}
{
    "_id": "JPM20237024",
    "title": "",
    "text": "goodwill December 2022 2021."
}
{
    "_id": "JPM20237025",
    "title": "",
    "text": "goodwill impairment test fair value with carrying value. If fair value goodwill not impaired. If less than impairment recognized carrying value fair value goodwill allocated."
}
{
    "_id": "JPM20237026",
    "title": "",
    "text": "Firm uses capital goodwill assets equity goodwill impairment testing. equity determined allocation capital regulatory capital requirements. capital levels incorporated into annual budget reviewed Board Directors Operating Committee. capital reviewed annually updated."
}
{
    "_id": "JPM20237027",
    "title": "",
    "text": "Firm value reporting units income approach. projects cash flows perpetuity growth method terminal values. discounted appropriate discount rate. discount rate represents cost equity determined considering overall estimated cost equity adjusted for risk characteristics. discount rates management compares discount rate to cost equity publicly traded institutions similar. weighted average cost of equity compared with Firm’s overall estimated cost equity. valuations discounted compared with market-based trading transaction multiples competitors. Trading comparables indicators assess values conclusions differences institutions."
}
{
    "_id": "JPM20237028",
    "title": "",
    "text": "Firm comparison aggregate values reporting"
}
{
    "_id": "JPM20237031",
    "title": "",
    "text": "units JPMorgan market capitalization. Firm considers factors control premium market execution risk Firmwide reporting unit short-term market volatility value reporting units."
}
{
    "_id": "JPM20237032",
    "title": "",
    "text": "declines business performance credit losses capital requirements deterioration economic market conditions adverse regulatory changes market cost equity values units decline earnings goodwill."
}
{
    "_id": "JPM20237034",
    "title": "",
    "text": "MSRs represent future cash flows servicing. fees revenue offset costs declines cash flows asset servicing income. purchased recognized sale securitization loans servicing retained."
}
{
    "_id": "JPM20237035",
    "title": "",
    "text": "permitted by. GAAP Firm MSRs fair value. treats MSRs market risk management. estimates option-adjusted spread model cash flows interest scenarios discounts risk-adjusted rates. considers portfolio characteristics fees prepayment assumptions delinquency rates costs late charges economic factors. compares estimates market data market activity portfolio experience."
}
{
    "_id": "JPM20237037",
    "title": "",
    "text": "value MSRs sensitive to interest rates effect prepayment speeds. decrease increase prepayments reduce life net servicing cash flows asset. securities. derivatives."
}
{
    "_id": "JPM20237038",
    "title": "",
    "text": "receives fixed-rate interest payments. JPMorgan Chase uses derivatives securities value MSRs. offset interest-rate changes risk instruments."
}
{
    "_id": "JPM20237060",
    "title": "",
    "text": "table summarizes MSR activity 2023 2022 2021. millions value#7,973,494,276 MSR activity Originations Purchase,400,363 Disposition(822) additions,376,908 Changes cash flows(1,011)(936)(788) Changes valuation assumptions market interest rates####424####404 Projected cash flows.cost service Discount rates Prepayment model changes valuation value December,494 unrealized gains MSRs December service fees late fees ancillary fees####1,298 mortgage loans December 31, billions####584####520 Servicer advances uncollectible amounts December 31####758####1,611"
}
{
    "_id": "JPM20237061",
    "title": "",
    "text": "purchase price adjustments MSRs loans prepaid 90 settlement price."
}
{
    "_id": "JPM20237062",
    "title": "",
    "text": "MSRs transferred trusts mortgage securities. portion SMBS acquired Firm acquired trading securities."
}
{
    "_id": "JPM20237063",
    "title": "",
    "text": "impact future prepayments interest rates difference expected prepayments."
}
{
    "_id": "JPM20237064",
    "title": "",
    "text": "prepayments market interest rates."
}
{
    "_id": "JPM20237065",
    "title": "",
    "text": "amounts Firm pays. principal interest taxes reimbursed after advance from future cash flows trust loans. credit risk minimal reimbursement senior cash payments. right stop payment if collateral insufficient. advances not recoverable rules agreements."
}
{
    "_id": "JPM20237085",
    "title": "",
    "text": "table presents mortgage fees income MSR risk management 2023 2022 2021. mortgage fees Production revenue,215 Net mortgage revenue Operating Loan servicing revenue Changes MSR cash flows operating revenue Risk management market interest rates inputs assumptions derivative fair value risk management net mortgage servicing revenue mortgage fees income,175,159 Mortgage fees income,176,170"
}
{
    "_id": "JPM20237086",
    "title": "",
    "text": "impact future prepayments interest rates difference expected prepayments."
}
{
    "_id": "JPM20237087",
    "title": "",
    "text": "impact model inputs assumptions projected cash flows. cost to discount rates changes prepayments market interest rates."
}
{
    "_id": "JPM20237088",
    "title": "",
    "text": "Changes in fair value assumptions interrelated linear. table effect change assumption fair value calculated without changing assumption. changes factor result in magnify or counteract impact initial change."
}
{
    "_id": "JPM20237096",
    "title": "",
    "text": "table economic assumptions value Firm’s MSRs December 2023 2022 adverse changes. December millions Weighted-average prepayment speed assumption. Impact 10% adverse change 20% adverse change Weighted-average option adjusted spread. 100 basis points adverse change 200 points adverse change"
}
{
    "_id": "JPM20237097",
    "title": "",
    "text": "risk regulatory capital."
}
{
    "_id": "JPM20237100",
    "title": "",
    "text": "Firm’s finite assets recorded fair value completion business combination. deposit amortized over lives future economic benefits. assets indefinite lives management contracts not amortization assessed periodically impairment."
}
{
    "_id": "JPM20237101",
    "title": "",
    "text": "2022 $4. 2 $1. 9 billion amortization $994 $679 million."
}
{
    "_id": "JPM20237102",
    "title": "",
    "text": "December 2023 2022 finite-lived $2. billion $707 million $1. billion $517 million."
}
{
    "_id": "JPM20237103",
    "title": "",
    "text": "December 2023 intangible assets deposit wealth First Republic acquisition asset management contracts 51% CIFM. Note 34."
}
{
    "_id": "JPM20237104",
    "title": "",
    "text": "2022 $315 $145 million."
}
{
    "_id": "JPM20237111",
    "title": "",
    "text": "table expense. December 31, assets 2024 2025"
}
{
    "_id": "JPM20237113",
    "title": "",
    "text": "Firm’s finite indefinite assets assessed impairment annually if. determines impairment recognized in expense."
}
{
    "_id": "JPM20237117",
    "title": "",
    "text": "Premises equipment land buildings improvements software furniture depreciation amortization. lease right-of-use assets. Note 18-use assets."
}
{
    "_id": "JPM20237123",
    "title": "",
    "text": "table Premises equipment. December 31, Land buildings leasehold improvements,486 Right-use assets premises,157,734"
}
{
    "_id": "JPM20237124",
    "title": "",
    "text": "$514 $350 million right-use 2023 2022."
}
{
    "_id": "JPM20237125",
    "title": "",
    "text": "premises equipment software furniture."
}
{
    "_id": "JPM20237126",
    "title": "",
    "text": "JPMorgan Chase depreciation buildings furniture equipment. depreciates leasehold improvements. capitalizes costs internal-use software. amortized. 10 to 50 years buildings leasehold improvements 3 to 10 years internal-use software furniture equipment."
}
{
    "_id": "JPM20237127",
    "title": "",
    "text": "Impairment assessed carrying value asset recoverable."
}
{
    "_id": "JPM20237139",
    "title": "",
    "text": "December 2023 2022 deposits. offices Noninterest-bearing $75,393 $26,363,748 Interest-bearing $573 $586,303,100,346 deposits.,848,248 Non. Noninterest-bearing $1,737 $1,398,005 Interest $681 $273,743 non. offices,840,400,688,179"
}
{
    "_id": "JPM20237140",
    "title": "",
    "text": "notes deposits fair value. Note 3."
}
{
    "_id": "JPM20237145",
    "title": "",
    "text": "December 31, 2023 2022 deposits insured limit. U. offices,622 Non-U. offices,187 Total"
}
{
    "_id": "JPM20237146",
    "title": "",
    "text": "deposits non. offices insured."
}
{
    "_id": "JPM20237156",
    "title": "",
    "text": "December 31, 2023 remaining maturities deposits. millions. 2024 2025 2026 2027 2028 5 years#196,631,450,081"
}
{
    "_id": "JPM20237160",
    "title": "",
    "text": "December 31, 2023 JPMorgan Chase subsidiaries obligated noncancellable leases premises equipment business. leases 20 years maturity options extend terminate. leases twelve months liability right-of-use asset. dividends debt equity financing agreements. leases escalation clauses rental payments maintenance utility tax increases non-lease components. lease non-lease real estate leases. payments lease non-lease components."
}
{
    "_id": "JPM20237161",
    "title": "",
    "text": "lease liabilities assets recognized commencement future lease payments. payments discounted Firm’s borrowing rate included accounts payable liabilities. assets premises equipment include lease prepayments costs less incentives. Rental expense recognized occupancy expense statements income."
}
{
    "_id": "JPM20237172",
    "title": "",
    "text": "values operating leases December 31, millions Right-of-use assets,431 Lease liabilities,833 lease term years. discount rate. Supplemental cash flow information Cash paid lease liabilities non-cash information Right-use assets lease obligations"
}
{
    "_id": "JPM20237173",
    "title": "",
    "text": "$647 million First."
}
{
    "_id": "JPM20237179",
    "title": "",
    "text": "$712 million lease liabilities First Republic. December 31, Rental expense Sublease income expense"
}
{
    "_id": "JPM20237190",
    "title": "",
    "text": "table future payments leases 2023 2024 2025 2026,318 2027,169 2028,767 lease payments,530 interest,833"
}
{
    "_id": "JPM20237191",
    "title": "",
    "text": "December 31, 2023 Firm lease commitments $420 million. leases commence 2024 2026 21."
}
{
    "_id": "JPM20237195",
    "title": "",
    "text": "Firm provides auto equipment lease financing renewal termination purchase options. financings predominantly auto leases. assets recognized depreciated residual value. Depreciation expense included technology communications equipment expense statements income. lease income recognized included other income."
}
{
    "_id": "JPM20237196",
    "title": "",
    "text": "Firm assesses leased assets impairment exceeds cash estimated residual value impairment recognized."
}
{
    "_id": "JPM20237197",
    "title": "",
    "text": "risk loss on auto leased assets monitored projections review mitigated arrangements manufacturers lessees."
}
{
    "_id": "JPM20237201",
    "title": "",
    "text": "table presents value assets leases balance December 31, millions leases net depreciation,663,302,288,282"
}
{
    "_id": "JPM20237205",
    "title": "",
    "text": "table lease income depreciation expense statements December millions lease income,654 Depreciation expense,475,380"
}
{
    "_id": "JPM20237214",
    "title": "",
    "text": "table receipts leases December 2023 millions 2024 2025 2026 2027 lease receipts"
}
{
    "_id": "JPM20237217",
    "title": "",
    "text": "Accounts brokerage security purchases accrued expenses compensation credit card rewards lease interest merchant servicing income tax reserves."
}
{
    "_id": "JPM20237222",
    "title": "",
    "text": "table accounts liabilities. December 31, Brokerage payables,960,692 liabilities,347,449 accounts,307,141"
}
{
    "_id": "JPM20237223",
    "title": "",
    "text": "card $13. billion December 2023 2022."
}
{
    "_id": "JPM20237224",
    "title": "",
    "text": "credit card rewards liability cost rewards points. liability accrued reduced. redemption rate cost per point impact Card Income."
}
{
    "_id": "JPM20237225",
    "title": "",
    "text": "Note 7 30 interest lease taxes reserves."
}
{
    "_id": "JPM20237262",
    "title": "",
    "text": "JPMorgan Chase issues long-term debt predominantly U. S. dollars fixed variable interest rates. senior debt equity-linked instruments fair value. Changes value recorded statements unrealized gains due DVA recorded OCI. long debt values unamortized premiums issuance costs valuation adjustments fair value adjustments contractual maturity December 31, 2023. millions 1 years Senior debt rate,890 rate,565 rates. Subordinated debt rate,976,863,693 rate rates.50,088,738 Federal Home Loan Banks advances#Fixed rate#13,940,246 rate rates. 59. 12. 89. 32 Purchase Money Note#Fixed rate rates. 40. Senior debt#Fixed rate#2,958#11#6,236,383 rate,933######25,336 rates. 28. 41%. 48. 91. 02 Subordinated debt#Fixed rate#255 rate rates.25.#42,086#109#12,052#68,244 Junior subordinated debt rate rate rates. 18. 45. 14. 33#1,308#1,848 Total long-term debt,174#133,098#391,825#295,865 Long-term beneficial interests rate,998######,999 rate rates. 74. 45. 69. 81 Total long-term beneficial interests#3#2,142"
}
{
    "_id": "JPM20237263",
    "title": "",
    "text": "Purchase Note First Republic. Note 34."
}
{
    "_id": "JPM20237264",
    "title": "",
    "text": "long-term debt $93. $13. billion $218. $208. 2023 2022. hybrid instruments."
}
{
    "_id": "JPM20237265",
    "title": "",
    "text": "$87. $72. long-term debt 2023 2022."
}
{
    "_id": "JPM20237266",
    "title": "",
    "text": "$12. 5 billion $10. 3 billion zero-coupon notes December 2023 2022. $47. 9 billion $45. 3 billion. exceed."
}
{
    "_id": "JPM20237267",
    "title": "",
    "text": "interests. December 2023 2022. Excluded paper interests $19. 9 billion $10. 5 billion December 2023 2022."
}
{
    "_id": "JPM20237268",
    "title": "",
    "text": "interest rates December 2023 2022 non. variable issuances derivative instruments hedge accounting. exclude structured notes fair value."
}
{
    "_id": "JPM20237269",
    "title": "",
    "text": "December 2023. FHLB Republic. Note 34."
}
{
    "_id": "JPM20237270",
    "title": "",
    "text": "December 2023 long-term debt $208. 2 billion redeemable JPMorgan Chase."
}
{
    "_id": "JPM20237271",
    "title": "",
    "text": "debt 2023 $51. billion $53. 2025 $48. 2026. 2027 $79. 2028."
}
{
    "_id": "JPM20237273",
    "title": "",
    "text": "-average interest rates long-term debt 3. 65%. 26% December 31, 2023 2022. JPMorgan Chase utilizes derivative swaps debt. interest expense. modified interest rates-term debt 5. 20% 4. 89% December 31, 2023 2022."
}
{
    "_id": "JPM20237274",
    "title": "",
    "text": "JPMorgan Chase. guaranteed debt. indebtedness. $41. 1 billion $28. 2 billion December 2023 2022."
}
{
    "_id": "JPM20237275",
    "title": "",
    "text": "Firm’s unsecured debt maturities borrowings additional collateral credit ratings financial ratios earnings stock price."
}
{
    "_id": "JPM20237279",
    "title": "",
    "text": "December 2023 2022 JPMorgan Chase issue 200 million shares preferred stock value $1 share. liquidation preferred stock dividends distribution assets."
}
{
    "_id": "JPM20237307",
    "title": "",
    "text": "summary JPMorgan non preferred stock December 31, 2023 2022 quarterly dividend declarations years December 31, 2023 2022 2021. value millions date rate December 31, 2023 redemption date annualized rate per share 31, ended December Fixed-rate Series AA. Series/29/2015. DD#9/21/2018. 750####12/1/2023.#1/24/2019.,000. 750####12/1/2024.Series####150,000,500/2021. 550####6/1/2026. Series LL####185,000/2021. 625####6/1/2026. Series MM####200,000#7/29/2021.####9/1/2026.-to-floating rate Series I. Series Q####150,000,500 3. 25####5/1/2023. Series R####150,000,500,500/29/2013.####8/1/2023. Series S,000#1/22/2014. 750####2/1/2024. 78######675. Series U####100,000.####4/30/2024. 33######612. Series V/2019.####353. Series X,600#9/23/2014.####10/1/2024. 33######610./2020. 44 Series,750#10/20/2017.####11/1/2022. 58######804.####526.####462. Series####225,000,250#7/31/2019. 38######500.#1/23/2020.####2/1/2025. 125######460.,500#2/24/2020.####4/1/2025. 745######400. Series,000#5/12/2021.####6/1/2026 2. 85######365.76 preferred stock,740,375,404"
}
{
    "_id": "JPM20237308",
    "title": "",
    "text": "depositary."
}
{
    "_id": "JPM20237309",
    "title": "",
    "text": "fixed-floating stock converts redemption date."
}
{
    "_id": "JPM20237310",
    "title": "",
    "text": "June 30, 2023 CME Term SOFR fixed-floating stock. LIBOR. References three-month SOFR spread adjustment. 26% per annum spreads. five-year Constant Maturity Treasury spread."
}
{
    "_id": "JPM20237311",
    "title": "",
    "text": "stock discretionary non-cumulative. declared quarterly. payable quarterly fixed-rate. semiannually fixed-to rate quarterly."
}
{
    "_id": "JPM20237312",
    "title": "",
    "text": "initial dividend days outstanding. declared quarterly contractual."
}
{
    "_id": "JPM20237313",
    "title": "",
    "text": "dividend Series Q floating payable quarterly May 1 2023. 15% $257. semiannually. August 1 2023 three-month spread. 26%. 25%."
}
{
    "_id": "JPM20237314",
    "title": "",
    "text": "dividend rate Series R floating payable quarterly August 1 2023 6. $300. share semiannually. three-month term SOFR spread. 26%. 30%."
}
{
    "_id": "JPM20237315",
    "title": "",
    "text": "dividend Series CC floating payable quarterly November 1 2022. 625% $231. share semiannually. August 1 2023 three-month spread. 26%."
}
{
    "_id": "JPM20237316",
    "title": "",
    "text": "liquidation $10,000 dividends. $27. 7 billion December 2023."
}
{
    "_id": "JPM20237319",
    "title": "",
    "text": "October 2022 redeemed $2. 9 billion."
}
{
    "_id": "JPM20237320",
    "title": "",
    "text": "October 3 2022 redeemed $2. billion."
}
{
    "_id": "JPM20237321",
    "title": "",
    "text": "February 2022 redeemed $2. billion stock."
}
{
    "_id": "JPM20237323",
    "title": "",
    "text": "Firm’s preferred stock redeemed dividend payment earliest redemption date. redeemed treatment event. redemption subject non-objection Board Governors Federal Reserve System."
}
{
    "_id": "JPM20237327",
    "title": "",
    "text": "2022 JPMorgan Chase issue. billion stock $1."
}
{
    "_id": "JPM20237338",
    "title": "",
    "text": "shares issued reissued treasury December 31, 2023 2022 2021. December balance January 1,104. Treasury balance January 1,170.,160.,055. Repurchase. Employee benefits compensation plans. Employee stock purchase plans. treasury balance December 31,228.,170.,160. Outstanding December 31.,934.,944."
}
{
    "_id": "JPM20237339",
    "title": "",
    "text": "May 1 2022 Firm purchase $30 billion share repurchase April."
}
{
    "_id": "JPM20237343",
    "title": "",
    "text": "table Firm’s repurchases common stock 2023 2022 2021. millions Total shares repurchased. purchase price#9,898,122,448"
}
{
    "_id": "JPM20237344",
    "title": "",
    "text": "commissions. Inflation Reduction Act 1% excise tax 2023."
}
{
    "_id": "JPM20237345",
    "title": "",
    "text": "2022 Firm suspended repurchases resumed first quarter 2023."
}
{
    "_id": "JPM20237346",
    "title": "",
    "text": "Federal Reserve repurchases dividends quarter 2021 restricted exceed income four quarters. July 1 2021 capital restrictions regulatory framework."
}
{
    "_id": "JPM20237347",
    "title": "",
    "text": "Board Directors’ authorization repurchase shares discretion timing amount subject to factors market conditions legal regulatory considerations Firm’s capital position internal capital generation future capital requirements alternative investment opportunities. $30 billion common share repurchase program price targets timetables. suspended executed through open market purchases privately negotiated transactions Rule 10b5-1 plans trading blackout periods."
}
{
    "_id": "JPM20237348",
    "title": "",
    "text": "December 2023 61. 6 million shares common stock employee compensation."
}
{
    "_id": "JPM20237351",
    "title": "",
    "text": "earnings per share calculated two-class method. earnings allocated common stock participating securities. JPMorgan Chase grants RSUs compensation nonforfeitable dividends vesting common stock. unvested RSUs participating securities separate EPS. not diluted EPS Note 9."
}
{
    "_id": "JPM20237352",
    "title": "",
    "text": "Diluted EPS issuable shares future service common stock. calculated two-class treasury stock methods dilutive amount. two-class more dilutive."
}
{
    "_id": "JPM20237368",
    "title": "",
    "text": "table net income common stockholders diluted EPS 2023 2022 2021. earnings Net income,552,676,334 Preferred stock dividends,600 common equity,051,734 Dividends undistributed earnings participating securities common stockholders,760,503 shares outstanding,938.,965. Net income share. Diluted earnings,760,503 shares.,965. Dilutive impact unvested PSUs nondividend-earning RSUs SARs. diluted shares,943.,970. Net income share."
}
{
    "_id": "JPM20237380",
    "title": "",
    "text": "after-tax gains losses foreign currency adjustments changes cash flow hedging net gain defined benefit pension OPEB plans liabilities credit risk.December 31, millions gains investment securities adjustments value hedges flow hedges benefit pension OPEB plans value liabilities income Balance December 31, 2020,132 Net change Balance December 31, 2021#2,640(934),153 Net change,360 Balance December 31, 2022(9,124(1,545)(5,656),341) Net change Balance December 31, 2023,743)(3,932),443"
}
{
    "_id": "JPM20237381",
    "title": "",
    "text": "December 31, 2023 gains $(29) million HTM securities transferred. $(895 million $(1. billion $2. 4 billion AFS securities 2023 2022 2021. Note 10."
}
{
    "_id": "JPM20237400",
    "title": "",
    "text": "table pre after OCI.December 31, millions-tax Unrealized gains investment securities gains,891(922),969,290,572 Reclassification adjustment net income,180(768,412(572 Net change,071(1,690),381(15,482),718,289(5,540) Translation adjustments(3,574),309),447)(1,697)(1,290)(855,698,452 change Fair value hedges net change Cash flow hedges unrealized gainsperiod(7,473)(5,679)(2,303),750) Reclassification net income,355(1,222)(929),258(7,053),360)(3,525)(2,679) pension OPEB plans change(1,459)(1,241),129 value liabilities change(1,066)(808),141 income(1,669)(17,257)(8,070)"
}
{
    "_id": "JPM20237401",
    "title": "",
    "text": "pre-tax securities gains statements."
}
{
    "_id": "JPM20237402",
    "title": "",
    "text": "pre-tax gains Consolidated statements. reclassified pre-tax loss $(3) million $(35) million investment hedge loss $32 million gain translation adjustment acquisition CIFM. 2022-tax loss $(8) million. 2021 loss $(7) million."
}
{
    "_id": "JPM20237403",
    "title": "",
    "text": "changes value-currency swaps spreads excluded hedge effectiveness recorded income. initial cost spreads recognized earnings interest."
}
{
    "_id": "JPM20237404",
    "title": "",
    "text": "pre-tax revenue income expense Consolidated statements."
}
{
    "_id": "JPM20237405",
    "title": "",
    "text": "2022 remeasurement Firm’s. benefit plan pension settlement. decrease $1. 4 billion pre-tax. Note 8."
}
{
    "_id": "JPM20237408",
    "title": "",
    "text": "JPMorgan Chase subsidiaries file consolidated. federal income tax return. uses asset liability method taxes Financial Statements. reflect future tax consequences differences assets liabilities. deferred tax asset determined tax rates. expense includes current deferred portions. valuation allowance deferred tax assets."
}
{
    "_id": "JPM20237409",
    "title": "",
    "text": "complexities Firm’s businesses jurisdictions judgments estimates. tax liabilities JPMorgan Chase tax jurisdictions Firm years. Firm’s final tax assets liabilities different reported."
}
{
    "_id": "JPM20237421",
    "title": "",
    "text": "table. federal income tax rate effective tax rate. Year ended December 31, Statutory. federal tax rate. Increase(decrease tax rate. state local income taxes. federal income tax benefit. Tax-exempt income. Non-U. S earnings. Business tax credits. Effective tax rate. 6"
}
{
    "_id": "JPM20237422",
    "title": "",
    "text": "Income tax First Republic acquisition bargain gain tax rate."
}
{
    "_id": "JPM20237436",
    "title": "",
    "text": "table reflects income tax expense Consolidated statements. Year ended December 31, millions tax expense. federal Non.,992,718. state local tax expense,228 Deferred income tax expense. federal Non. state local deferred income tax expense,738,748 Total expense,060,490,228"
}
{
    "_id": "JPM20237437",
    "title": "",
    "text": "tax $68 million 2023 $331 million 2022 $69 million 2021."
}
{
    "_id": "JPM20237439",
    "title": "",
    "text": "table reflect tax effect stockholders’ equity reflected OCI Note 24. 2023 equity tax effect TDR accounting guidance earnings. Note 1."
}
{
    "_id": "JPM20237445",
    "title": "",
    "text": "table presents. non. before tax expense. Year ended December 31, millions.,868,126 Non.,744,436 before tax,166"
}
{
    "_id": "JPM20237446",
    "title": "",
    "text": "non-U. S. income defined operations outside."
}
{
    "_id": "JPM20237447",
    "title": "",
    "text": "Firm U. S. income tax expense low tax period."
}
{
    "_id": "JPM20237450",
    "title": "",
    "text": "Firm recognized $2. billion tax credits housing 2023 $1. 8 billion. 7 billion 2022 2021. amortization $1. 6 billion. 4. 3 billion. carrying value $14. 6 billion $12. 1 billion 2023 2022. commitments $6. 8 billion $5. 4 billion."
}
{
    "_id": "JPM20237469",
    "title": "",
    "text": "Deferred income tax differences assets liabilities. assets recognized realizability likely. unrealizable valuation allowance. tax assets liabilities net assets balance sheets. December Deferred tax assets loan losses,193 Employee benefits Accrued expenses Non. operations,148 Tax carryforwards deferred tax assets Valuation allowance Deferred tax liabilities Depreciation amortization,044 Mortgage servicing rights Leasing transactions,801 deferred tax liabilities,552 Net tax assets"
}
{
    "_id": "JPM20237470",
    "title": "",
    "text": "Includes estimated deferred tax asset First Republic acquisition. tax deferred tax assets liabilities."
}
{
    "_id": "JPM20237471",
    "title": "",
    "text": "JPMorgan Chase deferred tax $290 million 2023. State $1 2 billion. NOL $586 million non. $570 million. tax $118 million. expire 2026 2037 unlimited. non. NOL expire 2026 2040. state local carryforwards expire 2026 2027."
}
{
    "_id": "JPM20237472",
    "title": "",
    "text": "valuation December 2023 carryforwards non. deferred tax assets."
}
{
    "_id": "JPM20237475",
    "title": "",
    "text": "December 31, 2023 2022 2021 JPMorgan Chase’s unrecognized tax benefits were $5. 4 billion $5. 0 billion $4. 6 billion $3. 9 billion $3. 4 billion recognized annual tax rate. unrecognized tax benefits tax rate recognized. tax effect temporary differences state local benefits. federal income tax deductions non. JPMorgan Chase evaluates changes tax benefits. under audit Internal Revenue Service. 12 months balance tax benefits may increase decrease approximately $1. 1 billion. change payment income statement recognition."
}
{
    "_id": "JPM20237483",
    "title": "",
    "text": "table reconciliation unrecognized tax benefits. Year December 31, millions Balance January 1,,043,250 Increases current prior periods Decreases,110)(824) Decreases cash settlements authorities Balance December 31,,401,043"
}
{
    "_id": "JPM20237484",
    "title": "",
    "text": "penalties $229 $141 $174 million 2023 2022 2021."
}
{
    "_id": "JPM20237485",
    "title": "",
    "text": "December 31, 2023 2022 tax accrued. billion. billion penalties."
}
{
    "_id": "JPM20237493",
    "title": "",
    "text": "JPMorgan Chase Internal Revenue Service taxing authorities state jurisdictions. table summarizes JPMorgan Chase subsidiaries December 31, 2023. examination Chase U. – 2013 amended Appellate. - 2020 original New York State - 2014 New York City - 2017 U. K. – 2020 entities"
}
{
    "_id": "JPM20237499",
    "title": "",
    "text": "Firm’s cash assets restricted withdrawal usage. imposed authorities subsidiaries."
}
{
    "_id": "JPM20237500",
    "title": "",
    "text": "JPMorgan Chase Bank. OCC. member. Federal Reserve System deposits. insured FDIC limits."
}
{
    "_id": "JPM20237501",
    "title": "",
    "text": "Firm reserves-US banks."
}
{
    "_id": "JPM20237502",
    "title": "",
    "text": "Firm subject to rules U. non U. regulators. broker-dealer activities restrictions cash assets."
}
{
    "_id": "JPM20237507",
    "title": "",
    "text": "table restricted cash December 31, Segregated securities cleared customers. Cash reserves non. banks purposes. restricted cash."
}
{
    "_id": "JPM20237508",
    "title": "",
    "text": "$18. 2 billion $25. 4 billion deposits. cash December 2023 2022."
}
{
    "_id": "JPM20237511",
    "title": "",
    "text": "2023 2022 Firm restricted assets securities pledged $40. $42. 4 billion. $20. billion $31. billion restricted."
}
{
    "_id": "JPM20237513",
    "title": "",
    "text": "Restrictions. federal law prohibit JPMorgan Chase Bank. subsidiaries lending JPMorgan Chase & Co. affiliates unless loans secured amounts. secured loans Parent Company transactions consistent safe banking practices. unless collateralized cash debt obligations covered transactions limited 10% capital guidelines transactions limited 20% capital."
}
{
    "_id": "JPM20237514",
    "title": "",
    "text": "Parent subsidiaries JPMorgan Chase Bank. JPMorgan Chase Holdings LLC. IHC holds JPMorgan subsidiaries. owns assets provides loans Company. net proceeds from securities issuances preferred common stock."
}
{
    "_id": "JPM20237515",
    "title": "",
    "text": "principal sources income Parent Company are dividends JPMorgan Chase Bank. IHC. Federal Reserve OCC FDIC prohibit dividends banking organizations including Parent Company subsidiaries unsafe. IHC prohibited paying dividends extending credit Parent Company if capital liquidity “thresholds” breached limits imposed by Parent management Board."
}
{
    "_id": "JPM20237516",
    "title": "",
    "text": "January 1, 2024 Parent subsidiaries pay $20 billion dividends without approval regulators. capacity supplemented earnings."
}
{
    "_id": "JPM20237519",
    "title": "",
    "text": "Federal Reserve capital requirements standards Firm. OCC capital requirements JPMorgan Chase Bank."
}
{
    "_id": "JPM20237520",
    "title": "",
    "text": "capital rules Basel III capital ratios adequacy standards U. S. companies Firm JPMorgan Chase Bank. Two approaches calculating RWA standardized advanced. Firm JPMorgan Chase Bank. evaluated Standardized requirements."
}
{
    "_id": "JPM20237521",
    "title": "",
    "text": "three components capital Basel III"
}
{
    "_id": "JPM20237522",
    "title": "",
    "text": "risk leverage Federal Reserve JPMorgan Chase Tier Total leverage SLR. Failure. JPMorgan Chase Bank. subject capital requirements regulators."
}
{
    "_id": "JPM20237529",
    "title": "",
    "text": "table presents risk-based regulatory capital ratio requirements well ratios Firm JPMorgan Chase Bank. subject December 31, 2023 2022. capital ratio requirements-capitalized ratios(c-based capital ratios capital. Tier 1 capital. Total capital."
}
{
    "_id": "JPM20237531",
    "title": "",
    "text": "regulatory capital. Tier 1 Total minimum GSIB surcharge. 2. 9% SCB Basel III. 5% capital conservation buffer. countercyclical buffer 0% federal."
}
{
    "_id": "JPM20237532",
    "title": "",
    "text": "December 31, 2022 Tier 1 capital Basel III 12. 13. 15. III Advanced 10. 5% 12. 14. 0% Basel III 4. 0%."
}
{
    "_id": "JPM20237533",
    "title": "",
    "text": "JPMorgan Chase Bank. Tier 1 fixed capital conservation buffer. 5% Bank. not subject GSIB surcharge."
}
{
    "_id": "JPM20237534",
    "title": "",
    "text": "bank companies Federal Reserve."
}
{
    "_id": "JPM20237535",
    "title": "",
    "text": "JPMorgan Chase Bank. FDIC Act."
}
{
    "_id": "JPM20237541",
    "title": "",
    "text": "table presents leverage capital requirements ratios Firm JPMorgan Chase Bank. December 2023 2022. requirements Leverage capital Tier 1 leverage."
}
{
    "_id": "JPM20237543",
    "title": "",
    "text": "minimum SLR 3. supplementary leverage. BHC JPMorgan Chase Bank."
}
{
    "_id": "JPM20237544",
    "title": "",
    "text": "Federal Reserve establish-capitalized thresholds."
}
{
    "_id": "JPM20237548",
    "title": "",
    "text": "January 2022 $2. 9 billion CECL COVID-19 phased 25% three. December 31, 2023 $1. 4 billion."
}
{
    "_id": "JPM20237549",
    "title": "",
    "text": "January 2023 phased 50% CECL Tier 2 assets leverage RWA."
}
{
    "_id": "JPM20237570",
    "title": "",
    "text": "tables present risk-based capital metrics Basel III Standardized Advanced for JPMorgan Chase Bank,. December 31, 2023 2022 JPMorgan Chase Bank,. well-capitalized met capital requirements. December 31, 2023 millions except ratios III Chase. Bank Risk-based capital metrics capital Tier 1 capital Total capital,417,392 Risk-weighted assets,156,952 capital ratio. Tier 1 capital ratio. Total capital ratio. December 31, 2022 millions except ratios III Chase. Bank.Risk-based capital metrics CET1 capital Tier 1 capital Total capital,255 Risk-weighted assets,773,602 capital ratio. 2 Tier 1 capital ratio. Total capital ratio. 4 7"
}
{
    "_id": "JPM20237571",
    "title": "",
    "text": "capital metrics CECL."
}
{
    "_id": "JPM20237579",
    "title": "",
    "text": "impacts assets First Republic Standardized approach transition U. S. capital rules. Three months millions 31, 31, 2022 Chase. Leverage capital metrics Adjusted average assets,831,200,337,842,703,873,249,912 Tier 1 leverage ratio. Total leverage exposure,465,038,739,367,092,502."
}
{
    "_id": "JPM20237580",
    "title": "",
    "text": "capital metrics CECL."
}
{
    "_id": "JPM20237581",
    "title": "",
    "text": "assets leverage ratios quarterly deduction Tier 1 capital goodwill equity intangible assets."
}
{
    "_id": "JPM20237586",
    "title": "",
    "text": "JPMorgan Chase provides instruments. commitments guarantees financing needs customers. contractual represents maximum credit risk Firm commitment obligation. commitments guarantees refinanced extended cancelled expired without default. total contractual amount not representative future credit exposure funding requirements."
}
{
    "_id": "JPM20237587",
    "title": "",
    "text": "expected credit losses wholesale consumer lending commitments allowance maintained. Note 13 allowance."
}
{
    "_id": "JPM20237588",
    "title": "",
    "text": "table summarizes contractual amounts values-balance lending instruments guarantees commitments at December 31, 2023 2022. amounts credit card home equity lending represent total credit. all lines credit. reduce cancel credit lines. closes lines 60 days past due. reduce close HELOCs decreases value property decline creditworthiness."
}
{
    "_id": "JPM20237617",
    "title": "",
    "text": "sheet financial instruments guarantees amount value maturity December 31, millions 1 year 3 5 Lending Consumer excluding credit card Residential Real Estate,175,125 Auto,247,278,231 consumer excluding credit card,164,334,412,403 Credit card Total consumer,334,412,802 Wholesale unfunded commitments,478,190,046,812,407,797 Standby letters credit financial guarantees,775,478,628,872,439 letters credit,084,388,134 wholesale,337,890,756,803,786,980,742,159,224,249,215,326,782,139 guarantees Securities indemnification agreements guarantees,664 guarantees,657,848,180 Unsettled resale borrowed agreements,106 repurchase,170,724 Loan sale securitization indemnifications Mortgage repurchase liability Loans sold recourseExchange house guarantees commitments,887 guarantees commitments,216,028,074,634"
}
{
    "_id": "JPM20237618",
    "title": "",
    "text": "commitments purchase."
}
{
    "_id": "JPM20237619",
    "title": "",
    "text": "commercial card CB CIB."
}
{
    "_id": "JPM20237620",
    "title": "",
    "text": "consumer wholesale lending."
}
{
    "_id": "JPM20237621",
    "title": "",
    "text": "December 2023 2022 risk $88 million $71 million unfunded $8. 2 billion standby letters guarantees $589 million $512 million credit. Federal."
}
{
    "_id": "JPM20237622",
    "title": "",
    "text": "December 2023 2022 collateral Firm $300. 3 billion $298. 5 billion. cash G7. agencies."
}
{
    "_id": "JPM20237623",
    "title": "",
    "text": "December 31, 2023 2022 Fixed Income Clearing Corporation membership houses."
}
{
    "_id": "JPM20237624",
    "title": "",
    "text": "December 31, 2023 2022 unfunded equity. secondary market loans."
}
{
    "_id": "JPM20237625",
    "title": "",
    "text": "lending-related products carrying value includes allowance guarantee liability derivative value represents."
}
{
    "_id": "JPM20237626",
    "title": "",
    "text": "lending commitments carrying value includes fees purchase discounts premiums deferred accounts balance sheets. Deferred amounts revolving amortized lending deposit fees. until sold."
}
{
    "_id": "JPM20237627",
    "title": "",
    "text": "December 2023 adjustments First Republic $630 million auto $148 million unfunded. 1 billion. Note 34."
}
{
    "_id": "JPM20237628",
    "title": "",
    "text": "December 2022 markdowns unfunded bridge financing."
}
{
    "_id": "JPM20237631",
    "title": "",
    "text": "unfunded commitments credit working capital corporate purposes facilities bond financings liquidity clearing organizations. Firm issues commitments multipurpose facilities standby letter credit."
}
{
    "_id": "JPM20237633",
    "title": "",
    "text": ". GAAP requires guarantor liability equal fair value obligation. defines guarantee changes asset liability equity third failure. Firm considers off–balance arrangements guarantees. standby letters credit financial guarantees securities indemnifications agreements derivative contracts guarantees sponsored member repo program."
}
{
    "_id": "JPM20237634",
    "title": "",
    "text": ". GAAP Firm records guarantees inception non-contingent obligation. consideration premium receivable. records value liabilities offsetting entry cash premiums"
}
{
    "_id": "JPM20237635",
    "title": "",
    "text": "assets premiums. premium receivable reduced cash liability amortized income lending deposit fees contract. lending contingent obligation recognized credit losses non."
}
{
    "_id": "JPM20237636",
    "title": "",
    "text": "Non-lending obligations recognized liability probable estimable. not recognized estimated less than liability inception amortization. indemnifications sales agreements sale allocated guarantee adjusts gain loss. initial liability amortized to income risk reduced."
}
{
    "_id": "JPM20237637",
    "title": "",
    "text": "contractual guarantees indemnifications 292."
}
{
    "_id": "JPM20237638",
    "title": "",
    "text": "guarantees."
}
{
    "_id": "JPM20237640",
    "title": "",
    "text": "Standby letters credit financial guarantees lending commitments Firm performance client party bond acquisition trade."
}
{
    "_id": "JPM20237641",
    "title": "",
    "text": "table carrying value letters credit guarantees December 2023 2022."
}
{
    "_id": "JPM20237651",
    "title": "",
    "text": "letters credit financial December 31, millions Investment-grade#19,694#3,552,205#3,040 Noninvestment-grade contractual amount#28,872#4,388,439,134-related commitments#110#82 Guarantee liability Total carrying value#479#408 Commitments collateral#16,861#539#15,296#795"
}
{
    "_id": "JPM20237652",
    "title": "",
    "text": "ratings scale internal risk ratings. Note 12."
}
{
    "_id": "JPM20237656",
    "title": "",
    "text": "Firm’s securities lending program counterparties’ securities lent third parties. Firm provides indemnification lent securities. obtains cash liquid collateral market value exceeding 100% securities. Collateral marked market daily. Additional collateral called if shortfall released overcollateralization. defaults Firm collateral replacement securities or credit cash equivalent."
}
{
    "_id": "JPM20237657",
    "title": "",
    "text": "cash collateral Firm invested client indemnified resale agreements loss principal. obtains collateral value 100% principal."
}
{
    "_id": "JPM20237659",
    "title": "",
    "text": "Firm transacts derivative contracts guarantee. S. GAAP. contracts put options purchase assets price date. enter option contracts client needs. terms options five years."
}
{
    "_id": "JPM20237660",
    "title": "",
    "text": "guarantees stable value contracts Firm payment difference market book value counterparty’s market value less book conditions met. Stable products returns less volatility unprotected. contracts longer-term no maturity allow Firm terminate under conditions."
}
{
    "_id": "JPM20237661",
    "title": "",
    "text": "notional value derivative guarantees maximum exposure. stable products lower."
}
{
    "_id": "JPM20237662",
    "title": "",
    "text": "fair value derivative guarantees reflects probability perform contract. reduces exposures offsetting transactions market risk."
}
{
    "_id": "JPM20237670",
    "title": "",
    "text": "table summarizes derivatives guarantees December 2023 2022. 2023 2022 amounts Derivative guarantees,180 contracts,488 Maximum Derivative payables"
}
{
    "_id": "JPM20237671",
    "title": "",
    "text": "derivative contracts Firm purchaser seller credit protection market. Note 5 derivatives."
}
{
    "_id": "JPM20237673",
    "title": "",
    "text": "Firm resale borrowed agreements. cash receiving securities collateral. repurchase securities loaned agreements. cash collateral. agreements settle future. derivative not recorded balance sheets settlement. regular-way settlement terms. Note 11 securities financing agreements."
}
{
    "_id": "JPM20237676",
    "title": "",
    "text": "Firm’s mortgage loan sale securitization activities. GSEs warranties loans meet requirements repurchase indemnify breached."
}
{
    "_id": "JPM20237678",
    "title": "",
    "text": "liability repurchase label evaluated litigation reserves."
}
{
    "_id": "JPM20237679",
    "title": "",
    "text": "Note 30."
}
{
    "_id": "JPM20237681",
    "title": "",
    "text": "Firm provides servicing mortgages products recourse nonrecourse. nonrecourse principal credit risk temporary advances. recourse credit risk owner Fannie Mae"
}
{
    "_id": "JPM20237683",
    "title": "",
    "text": "Freddie Mac private investor insurer guarantor. Losses recourse servicing occur foreclosure sales proceeds defaulted loan less than principal balance interest cost property. securitizations nonrecourse credit losses purchaser mortgage-backed securities. unpaid principal balance loans sold carrying value liability disclosed table page 292."
}
{
    "_id": "JPM20237686",
    "title": "",
    "text": "issuing securities to investors outside U. S. Firm may pay additional amounts holders tax law withholding taxes imposed. terms securities right to redeem if additional amounts payable. Firm enter indemnification clauses licensing software business indemnifies licensees for liability damages purchasers losses due actions. difficult to estimate maximum exposure indemnification arrangements future changes tax law claims. management expects risk loss remote."
}
{
    "_id": "JPM20237688",
    "title": "",
    "text": "payment networks merchant acquirer Firm’s Merchant Services CIB Payments retains contingent liability for disputed card transactions charge-back. dispute resolved Firm credit refund back. If loss. mitigates risk withholding settlements retaining cash obtaining collateral. recognizes valuation allowance payment risk charge-backs."
}
{
    "_id": "JPM20237689",
    "title": "",
    "text": "2022 2021 processed $2,411.,158. $1,886. billion."
}
{
    "_id": "JPM20237691",
    "title": "",
    "text": "Firm provides clearing services securities purchases sales derivative contracts futures options OTC contracts. stands behind performance collects cash securities collateral settlement amounts remits CCP. two types margin variation daily contracts initial margin inception contract potential changes margin."
}
{
    "_id": "JPM20237692",
    "title": "",
    "text": "clearing member Firm exposed to risk nonperformance not liable for performance CCPs. risk through collection margin at inception transactions. can cease services if clients obligations. In nonperformance positions access margin. CCP margin remaining shortfalls paid by Firm."
}
{
    "_id": "JPM20237693",
    "title": "",
    "text": "Firm nonperformance risk margin receivables payables securities contracts not reflected Financial Statements."
}
{
    "_id": "JPM20237694",
    "title": "",
    "text": "difficult estimate Firm’s maximum exposure clearing member assessment transactions. historical experience credit risk mitigants management believes unlikely material payments risk loss remote."
}
{
    "_id": "JPM20237695",
    "title": "",
    "text": "Note 5 derivatives Firm Financial Statements."
}
{
    "_id": "JPM20237699",
    "title": "",
    "text": "Firm member securities exchanges clearing houses U. S. countries provides clearing services. Membership requires pay pro rata losses default member. obligations vary organizations. limited to contribution to guarantee fund losses default. obligations include pro rata residual losses after. clearing houses require Firm pay pro rata losses from guarantee fund contributions margin unrelated independent default. payment required losses exceed resources clearing. difficult estimate Firm’s maximum exposure future claims. management expects risk loss remote. maximum exposure disclosed in table page 292 Exchange clearing house guarantees commitments line."
}
{
    "_id": "JPM20237701",
    "title": "",
    "text": "Firm sponsoring member overnight resale repurchase agreements Government Securities Division Fixed Income Clearing Corporation. guarantees prompt payment performance obligations. minimizes liability security interest cash securities collateral risk loss. maximum exposure Exchange clearing house guarantees commitments page 292. Note 11 credit risk mitigation resale collateral repurchase."
}
{
    "_id": "JPM20237703",
    "title": "",
    "text": "Parent Company guarantees trading obligations subsidiaries contract-by-contract negotiated"
}
{
    "_id": "JPM20237704",
    "title": "",
    "text": ". obligations subsidiaries Firm’s balance sheets off-balance commitments Parent Company separate liability guarantees. believes payments remote."
}
{
    "_id": "JPM20237705",
    "title": "",
    "text": "Parent Company guaranteed-term debt notes JPMorgan Chase Financial 100%. securities JPMFC guaranteed Parent subsidiary. guarantees unsecured indebtedness not table page 292. Note 20."
}
{
    "_id": "JPM20237709",
    "title": "",
    "text": "Firm pledges assets borrowing capacity Federal Reserve central banks FHLBs. pledges repurchase securities financing short sales derivative contracts deposits. pledged assets sold repledged pledged."
}
{
    "_id": "JPM20237715",
    "title": "",
    "text": "table Firm’s pledged assets. December 31, billions Assets. 8 Assets####244. 8 Assets pledged Federal Reserve banks. Total pledged assets#1,064.#793."
}
{
    "_id": "JPM20237716",
    "title": "",
    "text": "December 2023. billion FDIC First Republic. Note 34."
}
{
    "_id": "JPM20237722",
    "title": "",
    "text": "pledged assets consolidated VIEs liabilities. Note 14. Note 11 securities financing. Note 20 long-term debt. pledged assets. December 31, billions Investment securities. Loans. Trading assets. Total pledged assets. 8#793."
}
{
    "_id": "JPM20237724",
    "title": "",
    "text": "Firm accepts assets collateral. obtained resale agreements receivables derivative contracts. used repurchase agreements short sales derivative contracts deposits."
}
{
    "_id": "JPM20237728",
    "title": "",
    "text": "table value collateral accepted. December 31, billions Collateral sold repledged,303. sold repledged."
}
{
    "_id": "JPM20237733",
    "title": "",
    "text": "December 31, 2023 Firm subsidiaries affiliates defendants legal proceedings private public regulatory. litigations class millions. formal informal governmental self-regulatory organizations. stages adjudication arbitration business geographies claims common law tort contract antitrust securities consumer protection novel legal theories."
}
{
    "_id": "JPM20237738",
    "title": "",
    "text": "Firm believes estimate possible losses reserves for legal proceedings $0 to $1. 3 billion at December 31, 2023. estimated based information for proceedings. For certain matters believe estimate. estimate involves significant judgment number variety stages proceedings preliminary stages multiple defendants including Firm liability-unresolved issues class certification scope claims uncertainty of potential outcomes assumptions future rulings court behavior incentives adverse parties regulatory authorities."
}
{
    "_id": "JPM20237739",
    "title": "",
    "text": "outcome proceeding may Firm estimate deemed likelihood remote. Firm’s estimate losses change actual losses may vary significantly."
}
{
    "_id": "JPM20237740",
    "title": "",
    "text": "descriptions proceedings."
}
{
    "_id": "JPM20237741",
    "title": "",
    "text": "1MDB Litigation. J. P. Morgan (Suisse) defendant civil May 2021 1Malaysia Development Berhad investment fund. claim alleges J. P. Morgan payments $300 million $500 million 2009 2010, 1MDB. Morgan 1MDB PetroSaudi. Firm validity Malaysian jurisdiction. August 2023 Court denied 1MDB. appeals court August 2024 appeals. prevent claim."
}
{
    "_id": "JPM20237742",
    "title": "",
    "text": "November 2023 Attorney notified. P. Morgan) investigation criminal liability. Morgan 1MDB PetroSaudi September 2009 August 2015. investigation ongoing."
}
{
    "_id": "JPM20237743",
    "title": "",
    "text": "Amrapali. J. P. Morgan India investments 2010 2012 offshore funds housing projects Amrapali Group delays units. August 2021 fining. Morgan $31. 5 million Firm appealing. July 2019 Supreme Court India Amrapali violated currency control money laundering ordered inquiry. Firm cooperating inquiry."
}
{
    "_id": "JPM20237744",
    "title": "",
    "text": "Foreign Exchange Investigations. Firm reported settlements foreign exchange sales trading. 2015, pleaded guilty antitrust law. Labor granted exemptions Qualified Professional Asset Manager"
}
{
    "_id": "JPM20237746",
    "title": "",
    "text": "Employee Retirement Security Act ten-year disqualification antitrust. FX South Africa Competition Commission."
}
{
    "_id": "JPM20237747",
    "title": "",
    "text": "class action Firm foreign exchange dealers currencies inflated rates District Court denied certification summary judgment March 2023. appeal pending. FX-related actions filed outside U. S. Israel Netherlands Brazil Australia. agreement resolve. December 2022. July 2023. Court Appeal overturned Competition Appeal Tribunal denial certification. Israel settlement action approval."
}
{
    "_id": "JPM20237748",
    "title": "",
    "text": "Government Inquiries Zelle Network. Firm responding inquiries disputes transfers Zelle Network. responding."
}
{
    "_id": "JPM20237749",
    "title": "",
    "text": "Interchange Litigation. merchants associations class action complaints Visa Mastercard banks fees antitrust laws."
}
{
    "_id": "JPM20237750",
    "title": "",
    "text": "September 2018 parties settled class action defendants $6. 2 billion. approved District Court affirmed. $700 million returned escrow. separate class action September 2021 District Court denied."
}
{
    "_id": "JPM20237751",
    "title": "",
    "text": "merchants opted damages settlement filed actions Visa Mastercard Firm banks. pending defendants reached settlements 70% Mastercard sales volume."
}
{
    "_id": "JPM20237752",
    "title": "",
    "text": "Epstein. JPMorgan Chase Bank. defendant"
}
{
    "_id": "JPM20237753",
    "title": "",
    "text": "Southern District New York JPMorgan Chase Bank. facilitated sex trafficking 2013. June 2023 settlement victim class JPMorgan Chase Bank. paid $290 million Epstein survivors. November 2023 approval objections Attorneys."
}
{
    "_id": "JPM20237754",
    "title": "",
    "text": "LIBOR Benchmark Rate Investigations. JPMorgan Chase responded inquiries British Bankers London Interbank Offered Rate European Banking Euro Interbank Offered Rate. Swiss Competition investigation EURIBOR continues. appealed 2016 decision European antitrust rules. 2023 European General Court annulled. considering options."
}
{
    "_id": "JPM20237755",
    "title": "",
    "text": "Firm defendant banks actions. dollar LIBOR. Firm obtained dismissal resolved stages. District Court Southern District New York granted class certification antitrust claims bonds interest rate swaps defendants Firm. lawsuit plaintiffs Firm unlawful. dollar LIBOR monopolize LIBOR loans credit cards dismissed October 2023. appeal Appeals Ninth November 2023. Firm resolved non. dollar LIBOR actions."
}
{
    "_id": "JPM20237756",
    "title": "",
    "text": "Russian Litigation. Firm international sanctions laws freezing assets. laws apply products sanctions. faced litigation Russia payments contractually excused paying judgment against February 2024. Russian court"
}
{
    "_id": "JPM20237759",
    "title": "",
    "text": "disregard agreement forum recognize sanctions payment. Firm assets Russia seized claims."
}
{
    "_id": "JPM20237760",
    "title": "",
    "text": "SEC Inquiries. Firm responding advisory programs J. P. Morgan Securities accounts discounting advisory fees selecting portfolio managers. liquidation shares third-party funds. cooperating SEC."
}
{
    "_id": "JPM20237761",
    "title": "",
    "text": "Antitrust. JPMorgan Chase Bank. P Morgan Securities. Prime. Morgan Strategic Securities Lending. defendants class action Southern New York. antitrust law York law conspiracy anonymous exchange trading. settlement approved final court approval."
}
{
    "_id": "JPM20237762",
    "title": "",
    "text": "Shareholder Litigation. class actions actions filed against Board Directors current former officers."
}
{
    "_id": "JPM20237763",
    "title": "",
    "text": "shareholder suits trading precious metals. treasuries resolutions DOJ CFTC SEC September 2020 fiduciary activities resolution JPMorgan Chase Bank N. A. OCC November 2020. filed Supreme Court New York May 2022 breach fiduciary duty unjust enrichment. December 2022 court granted July 2023 plaintiff appeal. second filed Eastern New York December 2022 asserts breach fiduciary duty contribution claims shareholder litigation. Defendants dismiss. consolidated class action pending"
}
{
    "_id": "JPM20237764",
    "title": "",
    "text": "Eastern District New York shareholders JPMorgan Chase SEC filings false misleading historical trading practices. December 2023 court granted dismiss complaint."
}
{
    "_id": "JPM20237765",
    "title": "",
    "text": "shareholder suit filed May 2023 Court Southern District New York officers directors Firm fiduciary duty unjust enrichment Epstein services sex trafficking. December 2023 Court dismissed action."
}
{
    "_id": "JPM20237766",
    "title": "",
    "text": "shareholder suit filed March 2022 Eastern District New York fiduciary duty securities laws failure Board Directors preservation resolutions subsidiaries SEC CFTC. dismiss complaint pending."
}
{
    "_id": "JPM20237767",
    "title": "",
    "text": "Trading Venues Investigations. Firm inquiries trading venues data.-identified trading data not platforms. completed enhancements venue inventory data completeness controls remediation underway. review data nearly complete employee misconduct harm market. gaps activity data gap one venue sponsored client access significant. dedicated controls enhancing reliability trade infrastructure. expects resolutions two. regulators remediation engage independent consultant pay civil penalties $350 million. negotiations third. regulator no assurance resolution. disruption service."
}
{
    "_id": "JPM20237770",
    "title": "",
    "text": "JPMorgan Chase subsidiaries defendants involved in proceedings. Firm believes meritorious defenses claims intends defend vigorously. Additional proceedings future."
}
{
    "_id": "JPM20237771",
    "title": "",
    "text": "Firm established reserves outstanding legal proceedings. GAAP accrues litigation liability probable loss estimated. evaluates legal proceedings makes adjustments judgment. legal expense $1. 4 billion $266 million $426 million years December 31, 2023 2022 2021. no assurance reserves."
}
{
    "_id": "JPM20237772",
    "title": "",
    "text": "difficulty predicting outcome legal proceedings claimants seek large damages novel legal theories large parties early stages discovery Firm state eventual outcomes pending matters timing resolution losses fines penalties consequences. JPMorgan Chase believes current knowledge current litigation reserves estimated possible losses other legal proceedings financial condition. uncertainties no assurance ultimate resolution exceed reserves material reputational consequences. outcome may material to JPMorgan Chase’s operating results depending size loss liability income."
}
{
    "_id": "JPM20237776",
    "title": "",
    "text": "table presents income balance JPMorgan Chase area. defines international activities transactions outside U. S. based domicile booking trading desk. U. S. operations serve international businesses."
}
{
    "_id": "JPM20237777",
    "title": "",
    "text": "Firm’s operations integrated estimates assumptions revenue expense. international. allocations segment reporting Note 32."
}
{
    "_id": "JPM20237800",
    "title": "",
    "text": "Firm’s long-lived assets not significant total. majority assets U. S.year December 31, millions tax income assets 2023 Europe East,974,027,335 Asia-Pacific,605,055,709 Latin America/Caribbean,294,323,003,468,405,105 North America,231,207,447,467,104,492,552,875,393 2022 Europe East,765,754,011,158,430 Asia-Pacific,262 Latin America/Caribbean,178,156,673 international,214,754,433 North America,243,747,161,695,166,676,665,743 Europe East,561,833,202 Asia-Pacific,372,282,300 Latin America,756,167,040 international,794,177,380,841 North America,678,293,385,954,726,649,087,334,743,567"
}
{
    "_id": "JPM20237801",
    "title": "",
    "text": "reflects U."
}
{
    "_id": "JPM20237802",
    "title": "",
    "text": "First Republic. Note 34."
}
{
    "_id": "JPM20237803",
    "title": "",
    "text": "net interest noninterest."
}
{
    "_id": "JPM20237804",
    "title": "",
    "text": "noninterest credit losses."
}
{
    "_id": "JPM20237805",
    "title": "",
    "text": "assets. $352 $357 $365 December 2022 2021."
}
{
    "_id": "JPM20237808",
    "title": "",
    "text": "Firm managed LOB. four segments Consumer Community Banking Corporate Investment Commercial Banking Asset Wealth Management. Corporate segment. segments determined products services financial information Operating Committee. Segment results. JPMorgan segments."
}
{
    "_id": "JPM20237809",
    "title": "",
    "text": "Firm’s business segments products services client bases."
}
{
    "_id": "JPM20237811",
    "title": "",
    "text": "Consumer Community Banking businesses branches ATMs digital telephone banking. Banking Wealth Management. Home Lending Card Services Auto. deposit investment cash payments. Home Lending mortgage origination residential mortgages home equity loans. Card Services travel. loans leases."
}
{
    "_id": "JPM20237813",
    "title": "",
    "text": "Corporate Investment Bank Markets Securities investment banking market-making brokerage treasury securities global corporations investors financial institutions merchants government municipal entities. banking markets strategy capital-raising loan origination syndication. includes Payments liquidity commerce clearing trade capital. Markets Securities Services market-maker risk management brokerage clearing research."
}
{
    "_id": "JPM20237814",
    "title": "",
    "text": "Securities Services custodian custody accounting asset managers funds."
}
{
    "_id": "JPM20237816",
    "title": "",
    "text": "Commercial Banking solutions lending payments investment management Middle Market Corporate Commercial Real Estate."
}
{
    "_id": "JPM20237817",
    "title": "",
    "text": "Banking governments nonprofit."
}
{
    "_id": "JPM20237818",
    "title": "",
    "text": "Banking."
}
{
    "_id": "JPM20237819",
    "title": "",
    "text": "investors multifamily office retail industrial."
}
{
    "_id": "JPM20237821",
    "title": "",
    "text": "Wealth Management $5. trillion leader."
}
{
    "_id": "JPM20237823",
    "title": "",
    "text": "multi-asset equities fixed income alternatives funds institutional investors."
}
{
    "_id": "JPM20237825",
    "title": "",
    "text": "retirement brokerage custody deposits investment."
}
{
    "_id": "JPM20237826",
    "title": "",
    "text": "majority assets managed."
}
{
    "_id": "JPM20237828",
    "title": "",
    "text": "Corporate Treasury Chief Investment Office. liquidity funding capital interest rate foreign exchange risks."
}
{
    "_id": "JPM20237829",
    "title": "",
    "text": "Corporate expense initiatives. functions Real Estate Technology Legal Finance Resources Internal Audit Risk Compliance Control Responsibility groups."
}
{
    "_id": "JPM20237833",
    "title": "",
    "text": "table Firm’s segment results years December 2023 2022 2021 managed basis. definition U. S. GAAP results reclassifications net revenue FTE basis. revenue investments tax credits tax-exempt securities comparable. income tax impact tax-exempt items recorded income tax expense/(benefit). adjustments no impact net income."
}
{
    "_id": "JPM20237835",
    "title": "",
    "text": "business segment allocated capital peers regulatory capital requirements. ROE measured targets established performance."
}
{
    "_id": "JPM20237836",
    "title": "",
    "text": "allocation methodology Basel III RWA GSIB surcharge simulation capital stress. annually assumptions judgments methodologies capital LOBs change."
}
{
    "_id": "JPM20237852",
    "title": "",
    "text": "continued next page year ended December 31, millions except ratios Community Investment Banking Wealth Noninterest revenue,118,886,092,315,202,403,560,071 Net interest income,030######39,928,787,900,052######8,197,241,886 Total net revenue,148######54,814,879,102 Provision credit losses,813(6,989),158,174128#######(227) Noninterest expense,028,553,378######4,719,041######12,919 Income before tax expense,430######19,793,092######19,594,564,265 Income tax expense,055######1,333 Net income(loss,232,957,129,107,143,213######,246,227,365#######4,737 Average equity,349#108,000,507#16,671 Total assets,951######514,085,370,3381,334,296,259,896,325######257,106,776######245,512######232,037 Return equity####38####29 Overhead ratio####50######57"
}
{
    "_id": "JPM20237868",
    "title": "",
    "text": "previous page year ended December 31, millions except ratios Items Noninterest revenue(1,798),782),148),225,837,985 Net interest income(3,551) Total net revenue(3,483),262),655,649 Provision credit losses,256 Noninterest expense,343 Income(loss before income tax expense(benefit,266,262),655) Income tax expense(benefit,262),655),228 Net income/(loss)$#(3,713),552,676,334 Average equity#73,529#58,068#79,968#253,068#250,968 Total assets,348,437,328,100,875,743,567 Return equity Overhead ratio"
}
{
    "_id": "JPM20237869",
    "title": "",
    "text": "results revenue FTE income tax impact expense. adjustments eliminated reconciling. GAAP results."
}
{
    "_id": "JPM20237870",
    "title": "",
    "text": "quarter 2023 allocations expense CCB Merchant Services discontinued retained CIB. amounts revised."
}
{
    "_id": "JPM20237871",
    "title": "",
    "text": "organizational changes announced January 25 2024 Firm reorganizing business segments. effective second quarter 2024."
}
{
    "_id": "JPM20237951",
    "title": "",
    "text": "tables statements.income Year December 31, millions Dividends subsidiaries Bank,500 Non-bank Interest income subsidiaries income Bank Non-bank income,271 Total income,107,394 Expense Interest subsidiaries affiliates,731,353 Noninterest expense Total expense,890 tax net income subsidiaries,217 tax benefit Equity net income,199,252 Net income,552,676,334 income income,450,419,264 Balance sheets December 31, millions Assets Cash due banks Depositbanking subsidiaries Trading assets,198,727 Advances receivables Bank Non-bank Investments subsidiaries,472,759 assets,108,687 Liabilities stockholders’ equity Borrowings payables subsidiaries,777,164 Short borrowings,130 liabilities,500,440 Long-term debt,542,818,355 stockholders’ equity,687 cash flows Net income,552,676,334 subsidiaries affiliates,868,252 net loss,316),023) dividends,500 adjustments,412,747,677 Net cash,096,730 Net change Advances investmentssubsidiaries affiliates net(3,000) investing activities cash,969 change Borrowings subsidiaries affiliates,249)(4,491) Short-term borrowings long borrowings,398,389,169 Payments long-term borrowings,105),294) preferred stock,350 Redemption(7,434)(2,575) Treasury stock repurchased(9,824),162),408) Dividends paid,858) financing activities net(879)(1,205)(1,238) cash,122)(6,759) cash deposits interest paid,742,065 income taxes,291,259"
}
{
    "_id": "JPM20237952",
    "title": "",
    "text": "interest expense intercompany hedges value adjustments offset expense."
}
{
    "_id": "JPM20237953",
    "title": "",
    "text": "December 31, 2023 debt 2024 2028 $9. $27. $29."
}
{
    "_id": "JPM20237954",
    "title": "",
    "text": "Notes 20 28 Parent obligations."
}
{
    "_id": "JPM20237955",
    "title": "",
    "text": "payments Parent Company taxes subsidiaries reimbursed. reimbursements $13. $11. 3. billion 2023 2022 2021."
}
{
    "_id": "JPM20237958",
    "title": "",
    "text": "May 1, 2023 JPMorgan Chase acquired assets liabilities First Republic Bank Federal Deposit Insurance. complementary franchises. estimated bargain purchase gain purchase price."
}
{
    "_id": "JPM20237959",
    "title": "",
    "text": "Firm acquisition business combination. GAAP. assets liabilities measured estimated values May 1, 2023. determination required assumptions cash flows discount rates valuation inputs. believes value estimates bargain purchase gain."
}
{
    "_id": "JPM20237960",
    "title": "",
    "text": "Firm FDIC settlement purchase price assets liabilities. impact estimated bargain purchase gain. agreement FDIC final settlement year after acquisition date."
}
{
    "_id": "JPM20237961",
    "title": "",
    "text": "purchase price gain change management acquisition assets acquired liabilities assumed year acquisition permitted. GAAP."
}
{
    "_id": "JPM20237962",
    "title": "",
    "text": "First Republic acquisition gain $2. 7 billion. settlement FDIC estimates. 2023 adjustments $63 million gain $2. 8 billion."
}
{
    "_id": "JPM20237963",
    "title": "",
    "text": "First Republic acquisition Firm FDIC shared-loss agreements Commercial Shared-Loss Single-Family Shared-Loss Agreement. CSLA covers 80% credit losses 5 years 3-year recovery commercial loans real estate. SFSLA 80% losses 7 years loans mortgages."
}
{
    "_id": "JPM20237964",
    "title": "",
    "text": "CSLA SFSLA reflected assets acquired."
}
{
    "_id": "JPM20237965",
    "title": "",
    "text": "JPMorgan Chase issued five-year $50 billion note FDIC Money. 3. 4% secured acquired loans. prepayable."
}
{
    "_id": "JPM20237966",
    "title": "",
    "text": "Firm $5 billion deposit First Republic Bank March 16 2023 $30 billion. $5 billion settled credit losses. repaid $25 billion interest May 9 2023."
}
{
    "_id": "JPM20237970",
    "title": "",
    "text": "purchase price assets liabilities First Republic acquisition bargain gain adjustments December 31, 2023 acquisition-date assets."
}
{
    "_id": "JPM20237993",
    "title": "",
    "text": "$10. billion $3. billion less $680 million."
}
{
    "_id": "JPM20237994",
    "title": "",
    "text": "$447 million First Republic Bank acquisition."
}
{
    "_id": "JPM20237995",
    "title": "",
    "text": "fourth quarter $762 million loans million accounts receivable $30 million accounts payable."
}
{
    "_id": "JPM20237996",
    "title": "",
    "text": "assets $1. billion tax $683 million lease. $669 million $748 million. 14 18."
}
{
    "_id": "JPM20237997",
    "title": "",
    "text": "$50 billion Purchase Note $5 billion deposit $447 million First Republic. billion FDIC non-cash."
}
{
    "_id": "JPM20237998",
    "title": "",
    "text": "accounting value methodologies liabilities intangibles shared-loss agreements indemnification Note FHLB advances."
}
{
    "_id": "JPM20237999",
    "title": "",
    "text": "accounting valuation 2 3 value 10 securities 12 loans 17 deposits 28 lending."
}
{
    "_id": "JPM20238001",
    "title": "",
    "text": "Core deposit customer intangibles acquired First Republic. core deposit $1. 3 billion valued after-tax cost savings favorable source method. funding. customer relationship intangibles $180 million valued-tax earnings multi-period excess earnings method."
}
{
    "_id": "JPM20238002",
    "title": "",
    "text": "valuations assumptions growth attrition income costs discount rates. core deposit customer relationship intangibles amortized 7 years. Note 15 intangible assets."
}
{
    "_id": "JPM20238004",
    "title": "",
    "text": "indemnification assets recoveries FDIC shared-loss. recorded fair value"
}
{
    "_id": "JPM20238006",
    "title": "",
    "text": "balance sheets acquisition date. values indemnification assets estimated forecasted losses allowance credit losses. quarterly remeasurement changes losses recorded income. Firm payment FDIC termination shared-loss agreements losses recoveries. estimated future payment reflected contingent purchase price."
}
{
    "_id": "JPM20238008",
    "title": "",
    "text": "Purchase Money Note-term debt. estimated discounted cash flow market discount rates."
}
{
    "_id": "JPM20238009",
    "title": "",
    "text": "FHLB advances recorded borrowings long-term debt. values discounted cash flow rates."
}
{
    "_id": "JPM20238021",
    "title": "",
    "text": "table unpaid principal balance loans May 1 2023 adjustments December 31, 2023. Residential real estate,240,053 Auto consumer,083 Secured real estate,602 Commercial industrial wholesale,159 loans,281,242"
}
{
    "_id": "JPM20238022",
    "title": "",
    "text": "fourth quarter liabilities $900 million UPB $762 million fair value."
}
{
    "_id": "JPM20238024",
    "title": "",
    "text": "Firm noninterest First Republic $4. billion $3. 7 billion. billion 2023."
}
{
    "_id": "JPM20238025",
    "title": "",
    "text": "table 2023 2022 First Republic acquisition gain $2. 8 billion credit losses $1. 2 billion. adjustments interest Purchase Money Note amortizing assets loans commitments."
}
{
    "_id": "JPM20238031",
    "title": "",
    "text": "Firm expects cost savings business synergies acquisition pro forma. pro forma indicative historical results future market economic conditions. ended December 31, millions Noninterest revenue Net interest income,005 Net income"
}
{
    "_id": "JPM20238033",
    "title": "",
    "text": "liabilities equity interest differentials"
}
{
    "_id": "JPM20238035",
    "title": "",
    "text": "summary JPMorgan consolidated balances interest rates taxable-equivalent 2021 2023. statements adjusted present interest rates"
}
{
    "_id": "JPM20238077",
    "title": "",
    "text": "exempt. comparable taxable investments. incremental tax rate adjustment 24% 2023 2022 2021. December 31,-equivalent interest rates millions Assets Deposits banks,396. Federal funds sold securities purchased resale. Securities borrowed. Trading debt instruments. Taxable securities. Non securities. investment securities. Loans,589. interest-earning assets.loan losses,762 Cash Trading equity derivative receivables Goodwill MSRs intangible assets noninterest assets Total,822 Liabilities Interest deposits. Federal funds securities. Short-term borrowings. Trading liabilities debt liabilities. Beneficial interests. Long-term debt. Total interest liabilities.Noninterest deposits Trading liabilities equity derivative payables commitments equity Preferred stock Common equity equity,460 liabilities equity,822 Interest rate spread. Net interest income yield assets."
}
{
    "_id": "JPM20238078",
    "title": "",
    "text": "securities tax-exempt. tax."
}
{
    "_id": "JPM20238079",
    "title": "",
    "text": "brokerage receivables accrued interest interest assets Consolidated Balance Sheets."
}
{
    "_id": "JPM20238080",
    "title": "",
    "text": "rates reflect interest cash collateral payables."
}
{
    "_id": "JPM20238081",
    "title": "",
    "text": "interest payables."
}
{
    "_id": "JPM20238082",
    "title": "",
    "text": "Consolidated balance nonaccrual loans balances interest rate. Note 12 information loans interest accrued."
}
{
    "_id": "JPM20238121",
    "title": "",
    "text": "previous page,773. 35,772. 51,231######958. ##205,516######2.,108######9. 21,829######6,856. 42,122######10. 66,147######6,460.,863######1,224######4. 39,336. 31,100,318######52,877. 81,399######41,663.,229######3. 93.,349,079######93. 78,215,942######58,294.(17,399)(22,179),601,776,778,606,101,467,003,408,853,540,725,202,666.,669.,762######3.,302######274. ##46. ##268,019######3. ##250,080######8,075######3.,378######4,282. ##2,566,798######26,097######1.,482,993######5,553.22#### ##719,249,155,656,388,318,989,579 ##31,893,968 ##284,961,853,540,725,202. 76#. 59#67.#52,741. 64"
}
{
    "_id": "JPM20238122",
    "title": "",
    "text": "$153. 3 $138. 1 $128. 2 billion 2022 2021."
}
{
    "_id": "JPM20238123",
    "title": "",
    "text": "equity assets 8. 4%. 6% 2023 2022 2021. return equity 16. 13. 2% 17. 0% 2022."
}
{
    "_id": "JPM20238124",
    "title": "",
    "text": "hedging. Taxable-equivalent amounts."
}
{
    "_id": "JPM20238125",
    "title": "",
    "text": "fees commissions loans. 8. 9 2023 2022 2021"
}
{
    "_id": "JPM20238126",
    "title": "",
    "text": "annualized rate securities cost 3. 09%,. 75%. 33% 2023 2022 2021 value."
}
{
    "_id": "JPM20238127",
    "title": "",
    "text": "interest rates fees securities borrowed transactions."
}
{
    "_id": "JPM20238129",
    "title": "",
    "text": "Interest rates differential analysis income."
}
{
    "_id": "JPM20238177",
    "title": "",
    "text": "summary interest rates. non-U. operations 2021 2023. segregation. location office. ended December 31, interest rates millions balance Interest assets Deposits banks.,784,348. Non-U. Federal funds sold securities purchased agreements.,304,330. Non-U.,855. Securities borrowed.,805,239. Non-U.,423. Trading assets debt instruments.,721. Non,387,280. Investment securities.,469. Non-U,295####1,481. Loans.,137,162,884. Non-U,914####6,705. interest-earning assets.,121. interest-earning assets,325,708.-bearing liabilities deposits.,110,253. Non-U.,419,763. Federal funds securities repurchase.,049,639. Non-U.,037. Trading liabilities debt short.,388. Non-U.,685. Beneficial interests consolidated VIEs.,648. Long-term debt.,218,749. Non-U.,215. interest-bearing liabilities,769,321. investable funds,325,708,321. Net interest income yield,747. Non-U. assets liabilities non-U.operations. 7."
}
{
    "_id": "JPM20238178",
    "title": "",
    "text": "rates interest cash collateral netted payables."
}
{
    "_id": "JPM20238179",
    "title": "",
    "text": "noninterest liabilities assets."
}
{
    "_id": "JPM20238180",
    "title": "",
    "text": "interest rates fees securities borrowed transactions."
}
{
    "_id": "JPM20238181",
    "title": "",
    "text": "interest Consolidated Results pages 54–57."
}
{
    "_id": "JPM20238216",
    "title": "",
    "text": "previous page balance,366. 63,340.####1,621.,432.,213,191.,406####299.####2,441.,736####1,811. 27######137,752.,780####426.,903.,975,414. 17######158,793####3,530.,133,683.,036,326.,285,994.,109,399.,700####602.,868.,187####48,953. 97######924,713,215.,131####3,924.,686,448.,229,763.####894 73,349,079,241.78######3,215,942,294.,358,322,026.,301,616.,344####3,056.,053.,016####3,083.,220.,746####638. ##194,570####2,384.,466. ##119,512####1,609.####728.,208####226. ##246,670####8,026.####4,229.####49. 44######5,528.,798####26,097.,482,993####5,553.,281,349,079#26,097.,215,942.,144.,741.,950.,622.,119.#.####"
}
{
    "_id": "JPM20238259",
    "title": "",
    "text": "table presents attribution net interest income between volume rate. calculated using annual average balances assets liabilities annual rates pages 310-313. change volume rate allocated to volume. rates include market rates composition products. calculated separately without relationship. changes granularity different attribution allocation interest rates complex judgmental. versus 2022 2021/(decrease due change Year ended December 31, taxable-equivalent basis millions change change Interest-earning assets Deposits with banks.,225),155,185) Non.,189####4,828####1,802 Federal funds sold securities purchased under resale agreements.,139####1,892 Non..,308 Securities borrowed.,130 Non-U.,318####492 Trading assets debt instruments.,307 Non. Investment securities.####6,475####3,595 Non-U####879 Loans.,635,738 Non-U.,781,328 interest-earning assets.,749)######7,655####3,906,708 Change interest income,350####77,827,942 Interest liabilities deposits.,227,125 Non-U.,110,707,265 Federal securities loaned sold repurchase.,263,327 Non-U.,462 Trading liabilities debt short interest.,390,729.####881 Beneficial interests issued consolidated VIEs.####727(69)######212 Long-term debt.,229,722,797 Non. interest expense,834,224,182,544 net interest income,913),603,643,760,403"
}
{
    "_id": "JPM20238262",
    "title": "",
    "text": "2022 Annual December 31,. Securities Exchange Commission."
}
{
    "_id": "JPM20238266",
    "title": "",
    "text": "Amortized cost financing adjusted premium discount deferred fees cash charge-offs foreign exchange hedge adjustments. securities reduced impairment losses. not credit losses."
}
{
    "_id": "JPM20238269",
    "title": "",
    "text": "under Represents safekeeping custody servicing arrangements."
}
{
    "_id": "JPM20238270",
    "title": "",
    "text": "Private Banking Institutional Retail clients. capital not Called."
}
{
    "_id": "JPM20238271",
    "title": "",
    "text": "loan lease loans leases."
}
{
    "_id": "JPM20238273",
    "title": "",
    "text": "interests consolidated holders debt obligations JPMorgan Chase."
}
{
    "_id": "JPM20238274",
    "title": "",
    "text": "projected pension accumulated postretirement OPEB."
}
{
    "_id": "JPM20238277",
    "title": "",
    "text": "Bridge Financing Portfolio unfunded funded loans. short-term replaced term. funded loans revolver facilities."
}
{
    "_id": "JPM20238281",
    "title": "",
    "text": "Consumer unique individual financial ownership accounts excludes under 18. same identifier"
}
{
    "_id": "JPM20238282",
    "title": "",
    "text": "business customer metrics."
}
{
    "_id": "JPM20238283",
    "title": "",
    "text": "Small business customer unique financial ownership decision-making accounts. identifier Small business included metrics."
}
{
    "_id": "JPM20238285",
    "title": "",
    "text": "clearing house counterparties contracts financial markets buyer seller ensuring future performance contracts. counterparty trades novation open offer system binding arrangement."
}
{
    "_id": "JPM20238295",
    "title": "",
    "text": "assets custody brokerage deposit."
}
{
    "_id": "JPM20238296",
    "title": "",
    "text": "deposits third liabilities-balance sheet liabilities. commercial paper federal funds securities cash management."
}
{
    "_id": "JPM20238297",
    "title": "",
    "text": "management custody brokerage annuity deposits."
}
{
    "_id": "JPM20238301",
    "title": "",
    "text": "Collateral-dependent loan repayment sale collateral borrower financial difficulty foreclosure probable borrower delinquency."
}
{
    "_id": "JPM20238302",
    "title": "",
    "text": "Commercial Card payment services. procurement travel entertainment expense management business-to-business payment."
}
{
    "_id": "JPM20238305",
    "title": "",
    "text": "Credit derivatives Financial instruments from credit risk debt third-party issuer entity transfer risk seller. credit event entity bankruptcy failure restructurings debt neither party recourse. purchaser seller for difference face value CDS fair value contract. determination event International Swaps Derivatives Association Determinations Committee."
}
{
    "_id": "JPM20238306",
    "title": "",
    "text": "loans commitments receivables special substandard doubtful CCC+/Caa1 S&P Moody’s."
}
{
    "_id": "JPM20238310",
    "title": "",
    "text": "lending Private Bank clients investment funds nontraditional art aircraft."
}
{
    "_id": "JPM20238312",
    "title": "",
    "text": "card sales purchases returns."
}
{
    "_id": "JPM20238313",
    "title": "",
    "text": "margin interest income deposits."
}
{
    "_id": "JPM20238314",
    "title": "",
    "text": "Distributed denial-of-service attack remote high traffic service outage. form cyberattack."
}
{
    "_id": "JPM20238318",
    "title": "",
    "text": "Eligible-quality assets LCR unencumbered operational considerations LCR rule."
}
{
    "_id": "JPM20238320",
    "title": "",
    "text": "Embedded derivatives financial instrument affect cash flows value similar. instrument containing terms"
}
{
    "_id": "JPM20238321",
    "title": "",
    "text": "“hybrid. component non-derivative “host. callable debt hybrid vanilla debt. embedded option issuer redeem debt specified date amount. floating rate instrument not hybrid fixed-rate interest rate swap."
}
{
    "_id": "JPM20238324",
    "title": "",
    "text": "-traded contracts executed settled clearing house."
}
{
    "_id": "JPM20238329",
    "title": "",
    "text": "Expense categories revenue-related expenses correlate business volume. commissions incentive compensation depreciation brokerage expense. strategic plans. office growth market expansion technology marketing. expenses day-to-day cost not. employee salaries benefits incentive compensation costs real estate."
}
{
    "_id": "JPM20238335",
    "title": "",
    "text": "difficulty modification loan January 1 2023 original loan agreement. principal forgiveness interest rate reduction delay term extension."
}
{
    "_id": "JPM20238336",
    "title": "",
    "text": "Reserve Governors System"
}
{
    "_id": "JPM20238343",
    "title": "",
    "text": "FICO score consumer credit risk models Fair Isaac Corporation."
}
{
    "_id": "JPM20238345",
    "title": "",
    "text": "Chase."
}
{
    "_id": "JPM20238346",
    "title": "",
    "text": "Forward points interest rate differential currencies added subtracted exchange rate."
}
{
    "_id": "JPM20238349",
    "title": "",
    "text": "derivatives contract Firm’s financial instruments equity transactions. legally detachable exercisable."
}
{
    "_id": "JPM20238354",
    "title": "",
    "text": "Seven nations Canada France Germany Italy Japan."
}
{
    "_id": "JPM20238355",
    "title": "",
    "text": "G7 government securities issued."
}
{
    "_id": "JPM20238359",
    "title": "",
    "text": "equity loans commitments JPMorgan Chase."
}
{
    "_id": "JPM20238360",
    "title": "",
    "text": "equity loans JPMorgan Chase security interest."
}
{
    "_id": "JPM20238361",
    "title": "",
    "text": "name address tax identifier phone number."
}
{
    "_id": "JPM20238362",
    "title": "",
    "text": "-quality liquid cash securities LCR rule."
}
{
    "_id": "JPM20238368",
    "title": "",
    "text": "Investment credit quality JPMorgan risk. BBB/Baa3-grade."
}
{
    "_id": "JPM20238371",
    "title": "",
    "text": "Chase."
}
{
    "_id": "JPM20238373",
    "title": "",
    "text": "JPMorgan Chase not charitable educational."
}
{
    "_id": "JPM20238384",
    "title": "",
    "text": "-to residential real estate loans relationship principal appraised value collateral. securing loan."
}
{
    "_id": "JPM20238386",
    "title": "",
    "text": "LTV ratio origination date loan. values collateral. loan-level data."
}
{
    "_id": "JPM20238388",
    "title": "",
    "text": "estimate LTV date. current estimated LTV ratios calculated collateral values home price index level. price indices actual data forecasted data. estimated collateral values represent loan-level LTV ratios imprecise estimates."
}
{
    "_id": "JPM20238390",
    "title": "",
    "text": "LTV ratio lien positions property. junior lien equity."
}
{
    "_id": "JPM20238391",
    "title": "",
    "text": "Rates Currencies Markets Income"
}
{
    "_id": "JPM20238394",
    "title": "",
    "text": "CIB Markets."
}
{
    "_id": "JPM20238395",
    "title": "",
    "text": "Managed basis non-GAAP financial results reclassifications taxable-equivalent. Management uses financial measure segment level understand operational performance trends comparison competitors."
}
{
    "_id": "JPM20238396",
    "title": "",
    "text": "CIB’s Income Equity."
}
{
    "_id": "JPM20238397",
    "title": "",
    "text": "netting agreement single counterparty multiple transactions settled single payment currency default. bankruptcy failure payment securities transfer collateral margin."
}
{
    "_id": "JPM20238400",
    "title": "",
    "text": "Measures equity securities values less impairment price changes issuer."
}
{
    "_id": "JPM20238401",
    "title": "",
    "text": "Merchant Services processing fraud risk management data services. credit debit multiple currencies."
}
{
    "_id": "JPM20238404",
    "title": "",
    "text": ""
}
{
    "_id": "JPM20238405",
    "title": "",
    "text": "Borrowers refinance home mortgage banker Internet phone. referred Chase real estate brokers builders third parties."
}
{
    "_id": "JPM20238406",
    "title": "",
    "text": "Banks thrifts sell loans Firm."
}
{
    "_id": "JPM20238408",
    "title": "",
    "text": "Mortgage"
}
{
    "_id": "JPM20238409",
    "title": "",
    "text": "Alt-A loans higher subprime traditional prime loan. characteristics limited documentation high CLTV ratio non-owner properties debt-to-income ratio above limits. Firm’s Alt-A loans complete documentation"
}
{
    "_id": "JPM20238410",
    "title": "",
    "text": "assets amount source income."
}
{
    "_id": "JPM20238412",
    "title": "",
    "text": "option ARM adjustable-rate option fully amortizing interest-only minimum payment. minimum payment based interest rate introductory period. below fully indexed. calculated index margin. introductory interest rate increases adjusts. minimum payment insufficient interest unpaid interest deferred added principal balance. loans payment recast variable-rate fully amortizing balance anniversary date."
}
{
    "_id": "JPM20238414",
    "title": "",
    "text": "Prime mortgage loans credit debt. New borrowers documentation reliable payment histories."
}
{
    "_id": "JPM20238416",
    "title": "",
    "text": "Subprime loans mid-2008 high risk characteristics unreliable payment histories high LTV ratio 80% high debt-to-income ratio occupancy other primary residence history delinquencies."
}
{
    "_id": "JPM20238420",
    "title": "",
    "text": "Multi-asset fund allocates class."
}
{
    "_id": "JPM20238421",
    "title": "",
    "text": "not applicable period."
}
{
    "_id": "JPM20238423",
    "title": "",
    "text": "Securities Exchange 1934."
}
{
    "_id": "JPM20238424",
    "title": "",
    "text": "charge-off rate divided loans reporting."
}
{
    "_id": "JPM20238430",
    "title": "",
    "text": "interchange income JPMorgan Chase. Form 10-K Glossary income Fees credit debit card issuers sales. costs points rewards. payments co-brand card partners loyalty rewards."
}
{
    "_id": "JPM20238431",
    "title": "",
    "text": "mortgage servicing revenue Includes revenue third-party loans fair value MSRs risk management gains securitization excess. includes gains sales cost value adjustments repurchased loans."
}
{
    "_id": "JPM20238432",
    "title": "",
    "text": "revenue rate Card Services percentage loans."
}
{
    "_id": "JPM20238433",
    "title": "",
    "text": "yield interest-earning assets average rate less."
}
{
    "_id": "JPM20238437",
    "title": "",
    "text": "Nonaccrual loans interest income not recognized. nonaccrual full payment principal interest not expected delinquency default 90 days unless well collection. Collateral-dependent loans maintained nonaccrual status."
}
{
    "_id": "JPM20238438",
    "title": "",
    "text": "Nonperforming assets include loans derivatives assets real estate property."
}
{
    "_id": "JPM20238444",
    "title": "",
    "text": "-counter derivatives contracts negotiated executed settled counterparties dealer."
}
{
    "_id": "JPM20238445",
    "title": "",
    "text": "-counter cleared derivatives negotiated settled central clearing house counterparty exposed default."
}
{
    "_id": "JPM20238446",
    "title": "",
    "text": "Noninterest expense revenue."
}
{
    "_id": "JPM20238447",
    "title": "",
    "text": "Chase."
}
{
    "_id": "JPM20238448",
    "title": "",
    "text": "Participating securities unvested share compensation awards rights dividends earnings per share calculation two-class. JPMorgan Chase grants RSUs dividends common stock. awards participating securities.-class earnings allocated common stock participating securities rights."
}
{
    "_id": "JPM20238450",
    "title": "",
    "text": "credit assets assets deterioration credit quality origination determined Firm."
}
{
    "_id": "JPM20238452",
    "title": "",
    "text": "Basel framework three. capital requirements instruments rules calculating RWA."
}
{
    "_id": "JPM20238453",
    "title": "",
    "text": "Basel framework. encourages market discipline disclosure requirements risk capital profiles."
}
{
    "_id": "JPM20238456",
    "title": "",
    "text": "Pre-provision profit revenue less noninterest expense. Firm lending institution credit losses."
}
{
    "_id": "JPM20238457",
    "title": "",
    "text": "Pre-tax margin income before tax expense divided net revenue measure pretax performance earnings costs. AWM competitors."
}
{
    "_id": "JPM20238462",
    "title": "",
    "text": "Principal transactions revenue driven by factors JPMorgan Chase & Co. Form 10-K 319 Glossary bid-offer spread difference gains losses on financial instruments commodities transactions fair value option client-driven market-making activities."
}
{
    "_id": "JPM20238463",
    "title": "",
    "text": "gains losses sale interim cash payments."
}
{
    "_id": "JPM20238464",
    "title": "",
    "text": "gains losses."
}
{
    "_id": "JPM20238465",
    "title": "",
    "text": "Firm transacts debt equity derivatives commodities instruments."
}
{
    "_id": "JPM20238468",
    "title": "",
    "text": "revenue includes gains losses commodity foreign exchange risk risk management credit foreign exchange interest rate risks."
}
{
    "_id": "JPM20238469",
    "title": "",
    "text": "Production revenue Includes fees income mortgage loans risk management. gains losses sales cost value adjustments loans-sale repurchased loans. changes fair value financial instruments."
}
{
    "_id": "JPM20238471",
    "title": "",
    "text": "Regulatory Daily rules."
}
{
    "_id": "JPM20238473",
    "title": "",
    "text": "Financial statements. GAAP adjustments."
}
{
    "_id": "JPM20238474",
    "title": "",
    "text": "Retained loans-for-investment.-sale fair value."
}
{
    "_id": "JPM20238475",
    "title": "",
    "text": "Revenue wallet fee revenue banking fees. M&A equity underwriting loan syndications. Dealogic banking analysis"
}
{
    "_id": "JPM20238476",
    "title": "",
    "text": "league tables."
}
{
    "_id": "JPM20238483",
    "title": "",
    "text": "-weighted Basel III approaches RWA Standardized Advanced capital requirements credit market operational risk. differences credit risk RWA Standardized Advanced Advanced risk-sensitive approaches internal credit models Standardized supervisory risk-weightings counterparty class. Market risk RWA calculated Basel Standardized Advanced."
}
{
    "_id": "JPM20238486",
    "title": "",
    "text": "awards appreciation rights"
}
{
    "_id": "JPM20238488",
    "title": "",
    "text": "Consumer residential estate credit card auto small business."
}
{
    "_id": "JPM20238490",
    "title": "",
    "text": "resale repurchase borrowed loaned"
}
{
    "_id": "JPM20238491",
    "title": "",
    "text": "Products Group investments."
}
{
    "_id": "JPM20238492",
    "title": "",
    "text": "Seed capital JPMorgan invested mutual funds sufficient size pricing shares track record. After goals achieved remove Firm’s capital."
}
{
    "_id": "JPM20238493",
    "title": "",
    "text": "Shelf securities registered SEC not issued sold. league tables until."
}
{
    "_id": "JPM20238501",
    "title": "",
    "text": "interest risk non-trading assets liabilities."
}
{
    "_id": "JPM20238502",
    "title": "",
    "text": "Structured notes financial instruments cash flows linked indexes interest rates exchange commodities prepayment rates loans market variables. contain derivatives. cash flows vary-traditional indexes interest rates."
}
{
    "_id": "JPM20238503",
    "title": "",
    "text": "Taxable-equivalent basis net revenue business segments Firm tax-equivalent. revenue investments tax credits tax-exempt securities income tax impact recorded tax expense."
}
{
    "_id": "JPM20238506",
    "title": "",
    "text": "debt loan modifications January 1 2023 Firm modifies concession borrower financial difficulty. short-term insignificant modifications not TDRs."
}
{
    "_id": "JPM20238509",
    "title": "",
    "text": "Unaudited Financial statements accounting firm."
}
{
    "_id": "JPM20238511",
    "title": "",
    "text": ". Accounting principles accepted."
}
{
    "_id": "JPM20238512",
    "title": "",
    "text": ". government agencies. include Ginnie Mae FHA Fannie Mae Freddie Mac. government-sponsored enterprises. obligations. government agencies guaranteed timely payment principal interest. government default."
}
{
    "_id": "JPM20238514",
    "title": "",
    "text": "quasi-governmental privately-held entities. government public purposes. improve credit provide services. include Fannie Mae Freddie Mac Ginnie Mae FHA. obligations timely payment principal interest. government"
}
{
    "_id": "JPM20238517",
    "title": "",
    "text": "-at potential loss adverse market moves ordinary."
}
{
    "_id": "JPM20238521",
    "title": "",
    "text": "loans prime mortgages sell accounted loans."
}
{
    "_id": "JPM20238524",
    "title": "",
    "text": "Section 13 15 Securities Exchange Act 1934 registrant report signed undersigned."
}
{
    "_id": "JPM20238558",
    "title": "",
    "text": "Securities Exchange Act 1934 report signed registrant. JPMorgan Chase Co. attorney. JAMES DIMON Chairman Chief Executive Officer LINDA B. BAMMANN. STEPHEN B. BURKE. TODD A. COMBS. ALICIA BOLER DAVIS P. FLYNN. ALEX GORSKY MELLODY HOBSON MICHAEL. NEAL. PHEBE. NOVAKOVIC. VIRGINIA M. ROMETTY. A. WEINBERGER. JEREMY BARNUM Vice President Chief Financial Officer ELENA KORABLINA Director Firmwide Controller"
}
{
    "_id": "JPM20238558",
    "title": "",
    "text": ""
}
{
    "_id": "META20230004",
    "title": "",
    "text": "mission give power community world."
}
{
    "_id": "META20230005",
    "title": "",
    "text": "products apps vision metaverse. build technology connect find communities grow businesses. products connect mobile devices computers virtual mixed reality headsets wearables. help discover learn share experiences ideas photos videos activities public stay connected. moving beyond 2D augmented virtual reality metaverse next evolution social technology. vision product ecosystem experiences devices new technologies. metaverse early stages next computing platform future social interaction. innovating artificial experiences social useful immersive."
}
{
    "_id": "META20230006",
    "title": "",
    "text": "report financial results Family Apps Reality Labs. generate revenue selling advertising marketers reflected FoA. Ads reach marketing objectives. purchase ads Facebook Instagram Messenger third-party websites. RL hardware software content."
}
{
    "_id": "META20230007",
    "title": "",
    "text": "invest business company priorities. 2024 focus six investment areas AI metaverse discovery engine monetization regulatory readiness developer efficiency. AI investments support power systems content discovery engine tools AI experiences product development."
}
{
    "_id": "META20230008",
    "title": "",
    "text": "investments apps. 2023 80% costs expenses FoA 20% RL. FoA investments $70. 13 billion 2023 headcount data centers technical infrastructure apps advertising services. investments metaverse virtual augmented reality social neural interfaces foundational technologies. RL investments $18. 02 billion 2023 headcount technology. new technologies products realized next decade. difficult RL segment loss profits. complex evolving long-term initiative. investing next chapter internet monetization opportunities businesses developers creators advertising hardware digital goods."
}
{
    "_id": "META20230011",
    "title": "",
    "text": ". build community world closer. share discuss relationships connect interests create economic opportunity. Feed Reels Stories Groups Marketplace."
}
{
    "_id": "META20230016",
    "title": "",
    "text": ". brings people closer. Feed Stories Reels Live messaging connect express photos video private messaging discover shop businesses. •Messenger. simple powerful friends family communities businesses text audio video calls. •Threads. text updates public conversations. connect with creators build following ideas opinions creativity. simple reliable secure businesses. launched WhatsApp Channels one-to-many broadcast service follow information important."
}
{
    "_id": "META20230018",
    "title": "",
    "text": "metaverse investments long-term research development products not next decade. exploring new technologies neural interfaces electromyography innovations AI hardware next-generation interfaces. early metaverse experiences Reality Labs."
}
{
    "_id": "META20230019",
    "title": "",
    "text": "VR Meta Quest devices software content Meta Quest Store social experiences distance gaming fitness entertainment. Meta Horizon Worlds platform play games events."
}
{
    "_id": "META20230020",
    "title": "",
    "text": "adoption VR introduced MR capabilities immersion VR physical Meta Quest Pro Quest 3."
}
{
    "_id": "META20230021",
    "title": "",
    "text": "augmented reality roadmap Ray-Ban Meta smart glasses Meta AI conversational assistant livestream video hands-free interaction. Meta Spark AR experiences digital physical."
}
{
    "_id": "META20230022",
    "title": "",
    "text": "investments long-term initiative metaverse VR social include shorter-term projects products AR longer-term research. 2024 spend 50% Reality Labs expenses AR 40% VR 10% social. apply judgment shared costs expectations change metaverse ecosystem business strategies. evaluate product roadmaps make changes technological challenges market landscape product ideas designs."
}
{
    "_id": "META20230025",
    "title": "",
    "text": "business innovation rapid change disruptive technologies. compete with companies connection sharing discovery communication products online advertising tools campaigns. face competition including companies create share communicate discover content"
}
{
    "_id": "META20230027",
    "title": "",
    "text": "marketers reach prospective audiences. compete attract engage retain products businesses advertising services developers applications. compete companies consumer hardware virtual augmented reality products services. expect face additional competition new products evolve introduce develop metaverse new technologies AI."
}
{
    "_id": "META20230029",
    "title": "",
    "text": "product development philosophy innovation social design social interactions core experience. user base grows engagement video VR MR new technologies computing needs expand. designed built data centers technical infrastructure provided third parties. depends availability components power network capacity."
}
{
    "_id": "META20230030",
    "title": "",
    "text": "investments in technology improve products services develop new marketers developers. security privacy integrity platform systems against abuse. AI initiatives generative AI recommend content enhance advertising tools ad delivery targeting measurement develop new products features."
}
{
    "_id": "META20230032",
    "title": "",
    "text": "marketers use self-service ad platform campaigns. global sales force attracting retaining advertisers support marketing. work advertisers agencies resellers. operate offices 90 cities majority sales presence. invest self-service tools customer support."
}
{
    "_id": "META20230033",
    "title": "",
    "text": "RL products third retailers resellers Meta. consumer enterprise sales Meta Quest Ray-Ban Meta glasses."
}
{
    "_id": "META20230035",
    "title": "",
    "text": "communities grown organically inviting friends supported efforts awareness. invested marketing products services grow brand community."
}
{
    "_id": "META20230038",
    "title": "",
    "text": "rights rely patents trademarks copyrights secrets license agreements confidentiality procedures non-disclosure agreements employee disclosure invention assignment agreements contractual rights. patents third parties. technology dependent patent. duration adequate lives products."
}
{
    "_id": "META20230041",
    "title": "",
    "text": "subject laws central business evolving. privacy data use protection younger biometrics encryption publicity content integrity intellectual property advertising marketing distribution data security retention deletion localization storage disclosure AI machine learning electronic contracts competition minors consumer protection civil rights accessibility telecommunications product liability e taxation trade controls anti-corruption securities online payment. Foreign data privacy obligations fines."
}
{
    "_id": "META20230042",
    "title": "",
    "text": "U. S. federal state EU international laws regulations enforced by private parties government entities evolving change. application interpretation enforcement uncertain in new evolving industry inconsistently with current policies practices. regulatory actions content services data advertising could affect financial results fines calculated based on global revenue. 2023. Supreme Court protections online platforms under Section 230 Communications Decency Act declined to address. efforts to remove restrict protections online 230 changes may increase costs require changes products business practices operations affect business financial results."
}
{
    "_id": "META20230044",
    "title": "",
    "text": "subject to evolving laws data critical to operations products services. data affect services target ads financial results. Privacy Shield framework invalidated July 2020 by Court of Justice European. Standard Contractual Clauses subjected to regulatory scrutiny. CJEU upheld SCCs May 12, 2023 Irish Data Protection Committee Meta Platforms Ireland on SCCs Facebook data with Data Protection Regulation. issued administrative fine EUR €1. 2 billion corrective orders suspend transfers compliance with Chapter V GDPR processing. appealing decision corrective orders subject to interim stay Irish High Court. March 25, 2022 European Union United States agreement on EU-U. S. Data Privacy Framework. October 7, 2022 President Biden signed Executive Order on Enhancing Safeguards for United States Signals Intelligence Activities.June 30, 2023 European Union three countries EEA United States Attorney General state Section 3(f) E. O July 10, 2023 European Commission adequacy decision United States. States ensures protection personal data European Union Privacy Framework List Department Commerce. EU-U. DPF decision milestones implementing corrective orders. increase cost complexity delivering products services Europe. EU-U. DPF"
}
{
    "_id": "META20230046",
    "title": "",
    "text": "adequacy frameworks invalidated CJEU. invalidation EU-U. S. DPF uncertainty offer products services Facebook Instagram Europe business financial results."
}
{
    "_id": "META20230047",
    "title": "",
    "text": "subject to legislative regulatory developments could affect business. implemented product changes controls GDPR may implement changes. GDPR requires personal data breach notifications to regulator IDPC includes penalties for non-compliance. interpretation GDPR evolving decisions regulators may lead changes. interpretation enforcement GDPR penalties non-compliance uncertainty could impact business operations. Brazil United Kingdom other countries enacted data protection regulations privacy requirements. California Consumer Privacy Act California Privacy Rights Act laws establish transparency rules data privacy rights. Some states proposed laws privacy rights for under 18 parents guardians. laws evolving interpretation may restrict products services affecting advertising business. European Union ePrivacy Directive national laws limitations use data messaging include penalties for non-compliance. Changes products business practices may advertising business.regulatory developments plans change legal behavioral advertising Facebook Instagram to November 2023 \"subscription for no ads alternative. regulators consent model compliance GDPR Digital Markets Act EU consumer laws. developments may impact user growth engagement revenue financial results. legislative proposals laws European Union United States federal state jurisdictions impose obligations limitations. DMA imposes restrictions data mergers acquisitions product design. includes penalties non-compliance enforceable gatekeeper companies March 2024. DMA compliance costs changes products business practices. requirements subject interpretation regulatory engagement. proposals modify competition laws. subject Digital Services Act) 2023 restrictions compliance costs. penalties non-compliance.countries India Turkey considering passed legislation data protection competition local storage processing changes products increase cost complexity services cease offering products services fines penalties. New legislation information minors may advertising services products services minors."
}
{
    "_id": "META20230049",
    "title": "",
    "text": "expect investigations inquiries requests audits United States Europe privacy use protection sensitive advertising security minors safety law enforcement consumer protection civil rights content moderation competition AI machine learning. subject regulatory orders consent decrees modified consent order. Federal Trade Commission April 2020"
}
{
    "_id": "META20230051",
    "title": "",
    "text": "required enhance practices privacy compliance oversight. FTC consent order initiated administrative proceeding alleges deficient compliance violations Children's Online Privacy Protection Act COPPA Rule Section 5 Federal Trade Commission Act seeks changes business. unsuccessful FTC order subject limitations launch new products use data users under 18. Orders costs expose civil criminal liability penalties monetary interrupt change business practices negative publicity reputational harm divert resources time management subject remedies."
}
{
    "_id": "META20230052",
    "title": "",
    "text": "regulation Part Factors Annual Report Form 10-K."
}
{
    "_id": "META20230054",
    "title": "",
    "text": "Meta connected proud unique company culture."
}
{
    "_id": "META20230055",
    "title": "",
    "text": "global workforce 67,317 employees December 31, 2023 offices 90 cities. committed enriching environment. offer competitive compensation benefits learning resources diverse inclusive workplace."
}
{
    "_id": "META20230056",
    "title": "",
    "text": "November 2022 expense. cost reduction budgets reducing perks real estate layoffs restructurings. treat outgoing employees generous severance package. severance 16 weeks base pay two time off restricted stock vesting health insurance healthcare six months career services three months support job leads support specialists. support employees outside local employment laws."
}
{
    "_id": "META20230058",
    "title": "",
    "text": "value investment skilled workforce. aim provide performance reviews growth career development impact. offer career development work experience programs beyond. learning modalities live on e-learning self-service resources communities coaching engagements."
}
{
    "_id": "META20230061",
    "title": "",
    "text": "conduct company-wide employee surveys Meta experience. measure company manager team personal experience. frequent surveys measure real-time sentiment events changes. invite feedback suggestions inform decisions drive change. 2024 update listening strategy product capabilities improve actionability impact."
}
{
    "_id": "META20230064",
    "title": "",
    "text": "offer competitive compensation care mission. compensation includes salary bonuses incentives equity. offer full-time employees equity hire annual grants long-term success. conducted pay equity analyses. July 2023 analyses confirm pay equity genders race United States similar jobs location role level."
}
{
    "_id": "META20230065",
    "title": "",
    "text": "Life@ Meta employees dependents resources. benefits health family finance community time family building retirement legal services Meta Resource Groups health well-being benefits."
}
{
    "_id": "META20230066",
    "title": "",
    "text": "health well-being programs flexible benefits well-being goals. boost physical mental health financial peace support families community. autism cancer transgender services holistic well-being mental health retirement savings."
}
{
    "_id": "META20230068",
    "title": "",
    "text": "diverse inclusive workplace leverage diversity products decisions global community."
}
{
    "_id": "META20230069",
    "title": "",
    "text": "2023 Business Practices Report global. ethnic diversity workforce data. employee base. 4% underrepresented 47. 43 1% leaders. color. disabilities 7. 2%. workforce veterans 2. 3% LGBTQ+ 9. 8%. workforce."
}
{
    "_id": "META20230070",
    "title": "",
    "text": "want products work grow keep best talent. committed skilled inclusive diverse workforce diversity fuels innovation. bias hiring performance management learning development courses."
}
{
    "_id": "META20230072",
    "title": "",
    "text": "incorporated Delaware 2004. public offering 2012 Class Nasdaq. offices 1 Meta Way Menlo Park California 543-4800."
}
{
    "_id": "META20230073",
    "title": "",
    "text": "Meta logo Quest Horizon Facebook Instagram Oculus WhatsApp Reels trademarks Annual Report Form 10-K property Meta Platforms Inc. affiliates. property owners."
}
{
    "_id": "META20230076",
    "title": "",
    "text": "Annual 10-K Quarterly 10-Q Current 8-K amendments Sections 13 15(d Securities Exchange Act 1934 filed U. Securities Exchange Commission (SEC. subject Exchange Act file reports proxy statements information SEC. available website."
}
{
    "_id": "META20230078",
    "title": "",
    "text": "SEC website. Mark Zuckerberg Facebook Page. Instagram account. Threads profile. disclosing-public information complying disclosure obligations Regulation."
}
{
    "_id": "META20230079",
    "title": "",
    "text": "SEC maintains Internet site reports proxy statements issuers. sec"
}
{
    "_id": "META20230081",
    "title": "",
    "text": "contents websites not incorporated filing. references URLs inactive."
}
{
    "_id": "META20230084",
    "title": "",
    "text": "factors business financial condition results operations. consider risks uncertainties Annual Report Form 10-K consolidated financial statements notes. risks not only. Additional risks may business. If business financial condition results future prospects affected. trading price Class A common stock could decline lose investment."
}
{
    "_id": "META20230092",
    "title": "",
    "text": "business subject to risks objectives affect financial condition results cash flows prospects. risks include Product Offerings ability add retain users engagement loss reduction spending marketers data ad targeting •ineffective operation mobile operating systems changes relationships new attract retain users generate revenue"
}
{
    "_id": "META20230100",
    "title": "",
    "text": "compete financial results media coverage risks brands build scale technical infrastructure risks disruptions catastrophic events crises business multiple countries integrate class action lawsuits"
}
{
    "_id": "META20230104",
    "title": "",
    "text": "restrictions Facebook products advertising. foreign privacy data protection content competition consumer protection laws Data Digital Markets Act Digital Services Act"
}
{
    "_id": "META20230107",
    "title": "",
    "text": "impact investigations settlements privacy consumer protection competition privacy requirements consent Federal Trade Commission"
}
{
    "_id": "META20230110",
    "title": "",
    "text": "security breaches improper access cyber incidents intentional misuse undesirable activity obtain intellectual property rights"
}
{
    "_id": "META20230112",
    "title": "",
    "text": "holders Class A Common Stock influence dual class structure control majority voting power founder Board Chair."
}
{
    "_id": "META20230114",
    "title": "",
    "text": "retain add decrease engagement products revenue financial results business harmed."
}
{
    "_id": "META20230115",
    "title": "",
    "text": "size active user base engagement products critical to success. financial performance determined by adding retaining engaging users Facebook Instagram. experienced expect fluctuations declines in size base markets particularly higher penetration rates. User growth engagement impacted by factors competitive products services TikTok global business macroeconomic geopolitical conditions. COVID-19 pandemic led to increases decreases size engagement base. war Ukraine access Facebook Instagram restricted Russia decreases base. future declines may impact ad impressions financial performance."
}
{
    "_id": "META20230121",
    "title": "",
    "text": "If perceive our products useful reliable trustworthy we may attract retain users maintain increase engagement. other social networking companies early popularity active user bases. no guarantee we similar erosion base. user engagement patterns changed difficult to measure introduce new products services. factors affect user retention growth engagement engage with competitive products fail introduce new features products services feel experience diminished decisions quality ads difficulty installing updating accessing products on mobile devices third parties"
}
{
    "_id": "META20230138",
    "title": "",
    "text": "behavior changes quality frequency content unable develop products mobile devices operating systems networks high market acceptance decreases user sentiment due to questions quality usefulness data practices content privacy safety security well-being unable manage prioritize information content appropriate interesting useful relevant unable obtain attract engaging third-party content maintain grow usage engagement applications adopt new technologies products displaced other changes by legislation government affect products users unable to offer significant products services including Facebook Instagram Europe limited business operations European courts invalidating EU-U. S. DPF legal bases data invalid decreased engagement failure accept terms of service changes GDPR ePrivacy Directive DMA DSA.state privacy youth social media laws California Consumer Privacy Act Privacy Rights Act Arkansas Social Media Safety Act Ohio Parental Notification Act Utah Social Media Regulation Act problems prevent products affect user experience security breaches spam objectionable content users feel experience diminished security adopt terms policies procedures sharing content user data advertising perceived negatively users public decisions Oversight Board focus product decisions longer-term initiatives near-term user growth engagement young adult experience changes user account login registration processes products attract retain users engagement artificial intelligence unsuccessful discontinued"
}
{
    "_id": "META20230144",
    "title": "",
    "text": "•third-party initiatives use products low-cost discounted data plans discontinued pricing increases decreased engagement taxes social media mobile applications internet shutdowns actions governments accessibility products user growth engagement affected by war Ukraine service restrictions Russian fail provide adequate customer service developers partners adverse media reports negative publicity user data practices current future products development tools application programming interfaces reduce user activity third-party applications."
}
{
    "_id": "META20230145",
    "title": "",
    "text": "factors affected user retention growth engagement. maintain increase user base engagement Facebook Instagram revenue financial results. decrease in user retention growth engagement products less attractive ad impressions revenue business financial condition results. active user base dependent on maintain user engagement monetization grow revenue."
}
{
    "_id": "META20230146",
    "title": "",
    "text": "generate revenue from advertising. loss harm business."
}
{
    "_id": "META20230147",
    "title": "",
    "text": "our revenue from marketers advertising Facebook Instagram. marketers long-term advertising commitments. Many spend small portion advertising budget. or reduce budgets if deliver ads competitive return not satisfied. implemented changes to user data practices. changes reduce ability target ads advertising business. If unable to provide return on investment demand for ads may increase or decline revenue financial results harmed."
}
{
    "_id": "META20230155",
    "title": "",
    "text": "advertising revenue affected by factors user engagement time inability increase access engagement changes inventory decisions size format frequency prominence ads unpaid content inability maintain increase marketer demand pricing quantity quality ads •changes content third-party policies deliver target measure"
}
{
    "_id": "META20230173",
    "title": "",
    "text": "effectiveness advertising changes mobile system browser providers Apple Google litigation government actions legislative regulatory legal developments advertising deliver target measure effectiveness behavior product changes traffic feed Stories increased usage Reels video messaging products •reductions advertising advertising policies security integrity platform availability accuracy security measurement solutions advertising market share competitors prices increase competitors lower priced effective products products services Facebook Instagram Europe European courts invalidating EU-U.DPF regulators courts bodies determining legal bases transfer user data European Union to United States invalid •limitations ads under 18 products services cohorts new laws regulations •changes in marketing sales operations risks laws regulatory requirements government actions •decisions marketers reduce advertising media reports negative publicity data advertising metrics content policies Oversight developers companies •reductions advertising due to illegal illicit objectionable content questions about user data practices security platform concerns brand safety legal liability uncertainty legal compliance obligations effectiveness ad targeting users consent opt out use data ads product changes controls GDPR ePrivacy Directive CCPA DMA laws regulations regulatory actions litigation November 2023 \"subscription for no ads\" alternative EU EEA users ads •changes advertising mobile devices personal computerssuccess technologies display ads composition marketer base inability maintain grow"
}
{
    "_id": "META20230175",
    "title": "",
    "text": "impact macroeconomic geopolitical conditions advertising industry marketers geographies war Ukraine service restrictions Russian affected advertising business Europe advertiser spending Israel-Hamas war."
}
{
    "_id": "META20230176",
    "title": "",
    "text": "factors affected advertising revenue varying degrees. occurrence future could demand reduce prices cause stop advertising negatively affect revenue financial results."
}
{
    "_id": "META20230177",
    "title": "",
    "text": "ad targeting measurement tools incorporate signals products changes regulatory environment third-party operating systems browsers products impacted availability signals advertising revenue."
}
{
    "_id": "META20230178",
    "title": "",
    "text": "ad targeting tools rely on signals products ads changes affect business. legislative developments GDPR ePrivacy Directive CCPA impacted signals ad products. increases users ad targeting Europe GDPR ePrivacy Directive introduced changes data signal use California CCPA. Judicial regulatory guidance decisions enforcement actions new legislation may require changes reduce signals. plans to change legal basis behavioral advertising on Facebook Instagram European Union Switzerland to \"consent November 2023 offering \"subscription for no ads\" alternative. with regulators on new consent model compliance with GDPR DMA EU consumer laws."
}
{
    "_id": "META20230179",
    "title": "",
    "text": "mobile browser providers Apple Google implemented changes limit developers collect use signals target measure advertising. 2021 Apple changes iOS ability target measure advertising negatively impacted budgets marketers advertising platforms. we implemented product changes limit use data signals improve ads experiences including changes GDPR ePrivacy Directive DMA regulatory frameworks."
}
{
    "_id": "META20230181",
    "title": "",
    "text": "developments limited target measure ads impacted revenue. revenue impacted targeting measurement challenges iOS changes 2021. If mitigate developments targeting measurement capabilities impact advertising revenue."
}
{
    "_id": "META20230183",
    "title": "",
    "text": "user growth engagement monetization networks technologies products standards."
}
{
    "_id": "META20230184",
    "title": "",
    "text": "majority revenue from advertising mobile devices. no guarantee devices feature our products users use our products. dependent on interoperability with operating systems networks technologies products standards Android iOS browsers. Changes bugs technical issues relationships with partners handset manufacturers browser developers mobile carriers terms service policies degrade functionality update distribute treatment products deliver target measure effectiveness fees usage monetization. Apple limits third-party cookies monetization changes iOS limit target measure ads advertising business. Google out third-party cookies Chrome. similar changes limit target impact monetization. quality mobile products important work with technologies products systems networks standards good relationships with handset manufacturers mobile carriers browser developers. may maintaining relationships with participants mobile ecosystem developing products with these technologies products systems networks standards.difficult for users access use products not user growth engagement harmed. take actions distribution operation business long-term best interests. affect users relationships with operators mobile handset manufacturers mobile carriers browser developers business partners advertisers no long-term benefits. users affected relationships deteriorate growth engagement monetization business harmed. challenges operating mobile operating systems networks technologies products standards control occurrences impact user growth engagement monetization affect business financial results."
}
{
    "_id": "META20230185",
    "title": "",
    "text": "new changes attract retain generate affect business."
}
{
    "_id": "META20230186",
    "title": "",
    "text": "retain increase user base revenue depends on products create new products independently developers third parties. introduce changes acquire new products technologies experience. limited experience consumer hardware virtual augmented reality affect market. investments in artificial initiatives. launched new AI features conversational AIs stickers editing tools. incur costs may not profits."
}
{
    "_id": "META20230188",
    "title": "",
    "text": "invested expect resources growing messaging products usage. monetized messaging limited may not revenue profits long term. commenced end-to-end encryption Facebook Instagram subject scrutiny jurisdictions."
}
{
    "_id": "META20230190",
    "title": "",
    "text": "new engage marketers developers business plans unsuccessful attract retain generate revenue margin value investments business affected."
}
{
    "_id": "META20230191",
    "title": "",
    "text": "artificial intelligence initiatives business financial results."
}
{
    "_id": "META20230192",
    "title": "",
    "text": "investments AI initiatives generative AI recommend content enhance advertising tools develop new features. infrastructure headcount."
}
{
    "_id": "META20230193",
    "title": "",
    "text": "risks developing deploying AI no assurance products services business profitability. risks harmful content accuracy misinformation bias discrimination intellectual property defamation data privacy cybersecurity sanctions export controls. uncertain laws online services intermediary liability content AI. risks scrutiny litigation legal liability ethical concerns negative consumer perceptions safety business reputation financial results."
}
{
    "_id": "META20230194",
    "title": "",
    "text": "complexity rapid development AI review by governmental agencies applying platform moderation intellectual property cybersecurity data protection laws legal frameworks. anticipate courts regulators apply laws predict new legal frameworks. expend resources adjust offerings if legal frameworks not consistent."
}
{
    "_id": "META20230195",
    "title": "",
    "text": "face competition from companies developing AI features. Other companies may develop similar superior cost-effective. other parties may obtain patents proprietary rights sell AI features. develop deploy AI technologies on third-party equipment infrastructure hardware network capacity control availability pricing competitive environment."
}
{
    "_id": "META20230196",
    "title": "",
    "text": "developing AI technology open source non-commercial license agreements third-parties products services. third parties AI. guarantee improper purposes illegal inaccurate defamatory harmful content intellectual property infringement bias cybersecurity attacks data privacy violations safety competing technologies. mitigate risks improper use technical measures contractual restrictions guarantee. improper use affect business reputation financial results legal liability."
}
{
    "_id": "META20230198",
    "title": "",
    "text": "possible predict risks AI changes laws rules directives regulations may affect develop legal liability."
}
{
    "_id": "META20230200",
    "title": "",
    "text": "investment decisions results produce long-term benefits."
}
{
    "_id": "META20230201",
    "title": "",
    "text": "make product investment decisions prioritize short-term financial results if consistent with mission user experience improve financial performance long term. implemented changes user data practices. changes reduce target ads advertising business. Off-Facebook Activity tool enables limits storage use information interactions reduces deliver relevant ads. update feed display ranking algorithms improve user experience time spent user engagement could affect financial results. change size frequency prominence of ads product monetization strategies. expect changes products affect distribution content reduce incentive invest. may introduce new features changes products products attract users away from proven monetization. focus on growing users engagement products reduced may engagement with products other. plan to promote Reels monetize lower rate than feed products. decisions may affect business results may not produce long-term benefits."
}
{
    "_id": "META20230202",
    "title": "",
    "text": "metaverse strategy investments business financial results."
}
{
    "_id": "META20230203",
    "title": "",
    "text": "believe metaverse embodied internet immersive experiences beyond screens next evolution social technology. 2021 shift business product strategy metaverse. expect complex evolving long-term initiative development new technologies investment infrastructure privacy safety security collaboration companies developers partners. metaverse may not develop market acceptance features products services uncertain. evaluate product roadmaps make changes technological challenges market landscape product ideas evolve. limited experience consumer hardware virtual augmented reality companies. unsuccessful research product development develop relationships participants products technologies. divert resources attention. expect virtual augmented reality profits. subject laws regulations international jurisdictions privacy safety competition content regulation consumer protection e-commerce delay development increase costs require management time harm business. metaverse strategy investments not affect business reputation financial results."
}
{
    "_id": "META20230204",
    "title": "",
    "text": "maintain brands expand base users marketers developers business financial results harmed."
}
{
    "_id": "META20230206",
    "title": "",
    "text": "brands contributed success business. maintaining enhancing critical base users developers. new users referred by. Maintaining brands useful reliable trustworthy innovative products. introduce new products policies affect brands."
}
{
    "_id": "META20230208",
    "title": "",
    "text": "actions developers advertisers may affect brands if positive experience using third-party applications interacting. media regulatory scrutiny privacy data use encryption content product design algorithms advertising competition generative AI younger users issues elections geopolitical events affected reputation brands. September 2021 scrutiny former employee's allegations documents algorithms advertising metrics content enforcement misinformation undesirable activity user well-being. March 2018 developments misuse data by developer. may fail respond to content practices illegal illicit enforce policies address objectionable content user concerns could erode confidence."
}
{
    "_id": "META20230209",
    "title": "",
    "text": "brands be affected by actions users hostile inappropriate false identities use products information misleading efforts governments to obtain access information for security censor content use for illicit objectionable ends including geopolitical events elections decisions from Oversight Board reports impacts on user well-being decisions to remove content suspend participation community standards terms service negative sentiment management."
}
{
    "_id": "META20230210",
    "title": "",
    "text": "Maintaining brands substantial investments. actions developer misuse political speech hate speech user well-being issues eroded confidence brands may continue. fail promote brands incur excessive expenses business financial results affected."
}
{
    "_id": "META20230211",
    "title": "",
    "text": "not maintain grow usage engagement applications products."
}
{
    "_id": "META20230213",
    "title": "",
    "text": "We made investments developers build grow monetize applications our products. prospective developers may not successful building growing monetizing applications user engagement. developers may build on other platforms than our. balance distribution objectives with optimal user experience may developers. volume communications from developers to users reduced distribution user engagement monetization opportunities applications integrated with products. conduct investigations audits of platform applications announced product changes developer access to user data. actions adversely affected relationships with developers. If not successful developers or unable relations user growth engagement financial results may affected."
}
{
    "_id": "META20230216",
    "title": "",
    "text": "business competitive. threat success."
}
{
    "_id": "META20230217",
    "title": "",
    "text": "compete with companies providing connection sharing discovery communication products services online advertising tools advertising campaigns. face competition including companies create share communicate discover content online reach audiences. compete attract engage retain products businesses free paid business advertising services developers applications. compete with companies consumer hardware virtual augmented reality products services. expect additional competition introduce new products metaverse new technologies AI."
}
{
    "_id": "META20230218",
    "title": "",
    "text": "current potential competitors may have greater resources experience stronger competitive positions in product segments regions user demographics. competitors domiciled in different countries to political legal regulatory regimes. respond to new technologies market conditions. some users younger with other products services our reduced use engagement our. updates to improve user experience safe age-appropriate changes may time spent engagement. users with other products may decline in use engagement in key user demographics business harmed."
}
{
    "_id": "META20230219",
    "title": "",
    "text": "competitors may develop products services similar greater acceptance undertake-reaching campaigns adopt aggressive pricing policies. competitors may gain competitive advantage acquisitions limiting ability deliver target measure imposing fees making access products difficult integrating competing platforms applications into. Apple Google integrated competitive products with iOS Android. Apple released changes to iOS ability target measure ads. competitors may acquire engage users generate advertising revenue at expense affect business financial results. take actions to competitive threats assure successful not affect."
}
{
    "_id": "META20230226",
    "title": "",
    "text": "believe ability compete depends factors control including popularity usefulness ease performance reliability size composition user base engagement ability attract retain businesses services timing market acceptance products developments enhancements"
}
{
    "_id": "META20230240",
    "title": "",
    "text": "safety security protect user data control distribute products monetize frequency size format quality prominence ads •customer service support selling measure effectiveness compelling return investments developers' interest applications publisher interest integrating content •changes legislation regulatory authorities litigation effect •acquisitions consolidation competitors attract retain motivate talented employees software engineers designers product managers cost-effectively manage operations reputation brand strength."
}
{
    "_id": "META20230241",
    "title": "",
    "text": "compete user base engagement ad impressions decrease less attractive developers marketers revenue results."
}
{
    "_id": "META20230242",
    "title": "",
    "text": "financial results difficult."
}
{
    "_id": "META20230250",
    "title": "",
    "text": "quarterly financial results fluctuated will future. limited operating history difficult to forecast future results. rely past results indicators future performance. risks uncertainties evolving markets. financial results influenced by factors unable predict outside control maintain grow user base engagement attract retain marketers recognize revenue collect payments •fluctuations spending due to seasonality events frequency prominence size format quality of ads success technologies display ads"
}
{
    "_id": "META20230274",
    "title": "",
    "text": "•changes third-party policies advertising including changes mobile operating system browser providers Apple Google pricing ads products diversification growth revenue sources beyond Facebook Instagram revenue from Payments sale consumer hardware •changes existing products development new behavior product changes traffic to marketing sales operating expenses costs data centers technical infrastructure privacy safety security content review efforts changes development manufacturing delivery consumer hardware gross margins operating margins acquisitions amortization investments impairment abandonment assets real property lease data center assets obtain equipment components labor for data centers technical infrastructure failures outages government blocking ads •breaches security privacy costs remediation inaccessibility due third-party actions •fees third parties for content distribution •refunds concessions advertisers-based compensation acquisition-related •adverse litigation judgmentssettlements litigation costs legislative privacy data protection antitrust content AI actions fines orders consent decrees tax rate income. share-based compensation integrating intellectual property"
}
{
    "_id": "META20230284",
    "title": "",
    "text": "changes business structure legal tax settlements elections impact changes tax laws interpretations affect effective tax rate obligations tax examinations Internal Revenue Service currency exchange rates revenue expenses foreign currencies •trading activity share repurchase program market values marketable securities non equity securities interest rates incurrence indebtedness refinance indebtedness U. accounting principles regional global business macroeconomic geopolitical conditions impact."
}
{
    "_id": "META20230285",
    "title": "",
    "text": "affects business."
}
{
    "_id": "META20230286",
    "title": "",
    "text": "receive high media coverage. reputation affected by unfavorable publicity privacy practices advertising policies product decisions quality regulatory activity government surveillance advertisers developers use for illicit ends community standards terms service policies actions users quality integrity content impacts user well-being management actions companies. subject media coverage political speech advertising hate speech content user well-being issues negative publicity. September 2021 media coverage allegations release internal documents former employee. subject negative publicity misinformation illicit use geopolitical events elections. negative publicity engagement loyalty user base marketer demand advertising decreased revenue business financial results experienced effects varying."
}
{
    "_id": "META20230287",
    "title": "",
    "text": "risk catastrophic events crises business operations."
}
{
    "_id": "META20230295",
    "title": "",
    "text": "subject risk public health crises pandemics earthquakes adverse weather natural disasters terrorism geopolitical conflict security threats power loss cyber-attacks. COVID-19 pandemic impacted business. preventative measures travel bans business quarantines shelter-in-place orders caused business slowdowns shutdowns. led volatility demand pricing advertising services may similar effects future. expose business operations workforce to risks •volatility user base engagement product development reductions manufacturing sales inventory supply labor shortages volatility financial markets currency capital •illnesses employees inefficiencies delays disruptions volatility uncertainty in financial projections."
}
{
    "_id": "META20230296",
    "title": "",
    "text": "developments affect business harm reputation actions."
}
{
    "_id": "META20230297",
    "title": "",
    "text": "incur expenses investments Reality Labs operating margin profitability. investments business financial performance harmed."
}
{
    "_id": "META20230298",
    "title": "",
    "text": "incur expenses business expect increase user base content data develop products market promote brands expand technical infrastructure invest technologies AI machine learning privacy safety security content review. undertaken cost reduction measures challenging environment may affect business initiatives up-front charges outlays cash expenses. subject to settlements judgments fines penalties legal regulatory developments. investments new platforms technologies building metaverse. investments Reality Labs limited revenue reduced operating margin profitability expect adverse financial impact. investments Reality Labs reduced 2023 profit $16. 12 billion expect losses increase 2024. If investments successful business financial performance."
}
{
    "_id": "META20230299",
    "title": "",
    "text": "business technical infrastructure disruption damage reputation loss users engagement affect financial results."
}
{
    "_id": "META20230301",
    "title": "",
    "text": "reputation users reliable performance products services technical infrastructure. experienced may experience interruptions availability performance. systems may not designed operate reliability redundancy delays outages. If products services unavailable load quickly users use ads disrupted affect business financial performance. experienced issues varying. information products usage patterns operational demands grow AI technologies need increasing technical infrastructure network capacity computing power. possible may fail scale grow technical infrastructure demands affect user engagement advertising revenue. business subject to interruptions delays failures from earthquakes adverse weather"
}
{
    "_id": "META20230303",
    "title": "",
    "text": "disasters power loss terrorism geopolitical conflict security threats cyber-attacks catastrophic events crises. Global climate change natural disasters intense effects. service disruptions outages recover infrastructure data affect financial results. increased energy costs products services."
}
{
    "_id": "META20230304",
    "title": "",
    "text": "technical infrastructure provided by third parties. disruption could harm traffic business. financial difficulties may affect business control increases vulnerability to problems. experienced expect challenges with supply chain infrastructure. adjusted may procurement practices evolving landscape. may secure components equipment services from to procure on unfavorable terms."
}
{
    "_id": "META20230305",
    "title": "",
    "text": "developments may performance products services require changes delay future affect business financial results."
}
{
    "_id": "META20230306",
    "title": "",
    "text": "experienced difficulties building operating infrastructure."
}
{
    "_id": "META20230307",
    "title": "",
    "text": "designed built data centers technical infrastructure plan to expand infrastructure through data centers subsea terrestrial fiber optic cable systems other projects. infrastructure expansion complex involves projects multiple locations including developing regions anti-corruption trade compliance political challenges. changed suspended terminated projects may continue. delays disruptions shortage labor approvals geopolitical challenges actions may lead to costs operational inefficiencies interruptions degradation quality reliability impairment assets balance. rely on third-party equipment components for technical infrastructure manufactured small operations in Asia. delays disruptions conflicts result tariffs sanctions export controls trade reduce suppliers manufacturers providers limit ability purchase components infrastructure."
}
{
    "_id": "META20230308",
    "title": "",
    "text": "issues related infrastructure not identified during testing phases evident after equipment could degrade user experience increase costs. technical infrastructure outside United States action foreign government interrupt delivery degrade quality negative user experience increase costs. events affect business reputation financial results."
}
{
    "_id": "META20230309",
    "title": "",
    "text": "inaccuracies community harm reputation business."
}
{
    "_id": "META20230311",
    "title": "",
    "text": "key metrics Family average revenue Facebook average revenue calculated internal company data activity user accounts. numbers based estimates user base challenges measuring usage products online mobile populations. methodologies metrics"
}
{
    "_id": "META20230313",
    "title": "",
    "text": "judgment susceptible to algorithm technical errors. estimates user base change methodology. review processes calculating metrics discover inaccuracies adjustments adjustments historical metrics. recalculate metrics impacted by data limitations different methodologies. update Family metrics inaccuracies adjustments within error margins."
}
{
    "_id": "META20230314",
    "title": "",
    "text": "Family Facebook metrics differ third parties due methodology data limitations challenges measuring populations. Family metrics exceed populations third parties."
}
{
    "_id": "META20230315",
    "title": "",
    "text": "community have accounts on more products some multiple within product. Family metrics count total accounts across products reflect size community. metrics represent estimates using Facebook Instagram Messenger WhatsApp. require common or link accounts multiple products attribute multiple accounts. metrics rely complex techniques algorithms machine learning models matching multiple accounts counting as one person. techniques models require judgment subject to data limitations statistical variances uncertainties. estimate potential error metrics based on user survey data subject to error. error margin approximately 3% of worldwide MAP. difficult to attribute multiple accounts possible numbers using products may vary from estimates. metrics may indicate changes user numbers."
}
{
    "_id": "META20230316",
    "title": "",
    "text": "estimates Family DAP use machine learning models developed limited user accounts calibrated against survey data. apply judgment designing models calculating estimates. match accounts use similar device information IP addresses user names. calibrate models against data user surveys subject to error. timing results Family metrics. data limitations affect understanding business increase risk error. techniques models rely data signals products some. limited visibility encrypted products fewer data signals WhatsApp accounts rely on phone numbers device information match. loss of access to data signals regulatory requirements may impact stability accuracy Family metrics. estimates may change methodologies evolve new data signals technologies product changes improvements surveys algorithms machine learning. evolution may identify undetected violating accounts."
}
{
    "_id": "META20230318",
    "title": "",
    "text": "evaluate Family metrics percentage MAP \"violating accounts. define accounts terms service bots spam. fourth quarter 2023 estimated 3% worldwide MAP violating accounts. estimation based internal review limited judgment. look information Facebook Instagram accounts inauthentic"
}
{
    "_id": "META20230320",
    "title": "",
    "text": "visibility WhatsApp activity due to encryption. if person violating accounts include in estimation. disable accounts make product changes reduce violating accounts reduce DAP MAP estimates. Violating accounts difficult to measure actual number may vary from estimates."
}
{
    "_id": "META20230321",
    "title": "",
    "text": "evaluate Facebook metrics \"duplicate \"false\" accounts. duplicate account user principal account. divide \"false accounts into two categories user-misclassified accounts personal profiles for business organization non-human entity (2) violating accounts profiles bots spam. estimates duplicate false accounts based on internal review limited sample judgment. identify duplicate accounts use identical IP addresses similar user names false accounts for names fake behavior inauthentic. loss of access to data signals product decisions regulatory requirements may impact estimates. estimates may change methodologies evolve new data signals technologies product changes. Duplicate false accounts difficult to measure actual number may vary from estimates."
}
{
    "_id": "META20230322",
    "title": "",
    "text": "fourth quarter 2023 estimated duplicate accounts 10% worldwide MAUs. higher developing markets Philippines Vietnam developed markets. quarter 2023 false accounts 4% worldwide MAUs. estimation false vary spikes Indonesia Vietnam Nigeria. disable accounts product changes reduce duplicate accounts reduce DAU MAU estimates."
}
{
    "_id": "META20230323",
    "title": "",
    "text": "data limitations affect business. user-provided data decline younger age unreliable inaccurate age. understanding usage age group."
}
{
    "_id": "META20230324",
    "title": "",
    "text": "data geographic location estimated based IP address self-disclosed location. not reflect actual location. user Facebook from proxy server actual location. methodologies susceptible to errors estimates revenue by location device affected by."
}
{
    "_id": "META20230326",
    "title": "",
    "text": "we provide rely on metrics estimates including reach effectiveness ads. metrics involve estimations judgments subject to software bugs inconsistencies human error. change due to terminology methodology loss access to data signals. subject to marketer regulatory inquiries accuracy metrics. marketers developers investors metrics discover inaccuracies subject to liability reputation harmed less allocate budgets resources products affect business financial results."
}
{
    "_id": "META20230328",
    "title": "",
    "text": "assure manage scale."
}
{
    "_id": "META20230329",
    "title": "",
    "text": "employee headcount scale complexity business increased. challenges for management operational financial resources managing relationships with users marketers developers third parties maintaining information technology systems controls procedures. some management experience large global may manage scale. maintain operational financial management processes systems manage headcount facilities train personnel. personnel work remotely challenges productivity collaboration. organizational changes efficiency priorities. 2022 2023 initiatives restructurings employee layoffs office facilities results. risks costs adverse effects employee retention difficulty managing scale complexity. delays product development initiatives legal regulatory compliance disruptions. management structures maintain corporate culture products. affect business reputation financial results."
}
{
    "_id": "META20230330",
    "title": "",
    "text": "international operations business economic legal risks financial."
}
{
    "_id": "META20230341",
    "title": "",
    "text": "international operations. Facebook in 100 languages offices in 40 countries. may enter new regions limited experience marketing selling deploying products. products available globally regions legal regulatory complexities. products not available in China. outsource operational functions to third parties. fail deploy oversee international operations business may suffer. subject to risks •political social economic instability legal regulatory government scrutiny. foreign privacy tax protection licensing damage brand reputation compliance local laws difficulty reviewing content enforcing community standards currency exchange rates •foreign exchange controls tax regulations cash credit risk payment fraud difficulties integrating foreign acquisitions complying with foreign laws taxation content removal"
}
{
    "_id": "META20230347",
    "title": "",
    "text": "data localization protection competition e-commerce regulatory oversight intellectual property staffing global operations travel infrastructure legal compliance locations equity tax events trade disputes armed conflicts pandemics."
}
{
    "_id": "META20230348",
    "title": "",
    "text": "manage conflicts business practices laws anti-corruption U. S. Foreign Corrupt Practices Act U. K. Bribery Act 2010. import export controls trade restrictions sanctions. Office of Foreign Assets Control. civil criminal penalties violations anti-corruption import export controls trade restrictions."
}
{
    "_id": "META20230349",
    "title": "",
    "text": "unable expand manage global operations financial results affected. required cease modify operations products services regions risks affect business user growth financial results."
}
{
    "_id": "META20230350",
    "title": "",
    "text": "design manufacturing supply chain risks hardware financial results."
}
{
    "_id": "META20230351",
    "title": "",
    "text": "face risks related design manufacturing supply chain management consumer hardware products. products sell quality issues design manufacture software. issues caused by components other. brand financial results affected by quality issues failures expectations defective."
}
{
    "_id": "META20230352",
    "title": "",
    "text": "rely on third parties consumer hardware risks. manufacturing depends on small third parties operations in Asia. experienced supply labor shortages disruptions logistics shipping delays impact operations product development sales. third parties meet obligations adverse changes pricing terms. manufacturing distribution sale impacted by macroeconomic conditions geopolitical challenges trade disputes actions governments international conflicts tariffs sanctions export controls trade supply shortages increased costs logistics disruptions."
}
{
    "_id": "META20230354",
    "title": "",
    "text": "require suppliers partners hardware comply laws policies sourcing labor trade compliance health safety environment business ethics control. unethical corrupt-compliant supply disruptions government action fines canceled orders damage reputation."
}
{
    "_id": "META20230356",
    "title": "",
    "text": "face inventory risk."
}
{
    "_id": "META20230357",
    "title": "",
    "text": "exposed to inventory risks consumer hardware products rapid changes product cycles pricing unsafe defective merchandise supply chain disruptions consumer demand spending tastes. demand date sale. predict avoid difficulties predicting demand. new product international regions difficult to establish vendor relationships determine product selection forecast demand. acquisition of inventory components lead-time prepayment not returnable. affect operating results."
}
{
    "_id": "META20230358",
    "title": "",
    "text": "plan acquisitions strategic transactions impact financial affect price common stock."
}
{
    "_id": "META20230359",
    "title": "",
    "text": "business strategy made intend continue acquisitions add specialized employees companies products technologies enter strategic transactions. may find acquisition candidates complete acquisitions favorable terms including regulatory challenges. completed divestiture Giphy 2023 Kingdom Competition Markets Authority order. acquisition FTC acquisition Within Unlimited. costs substantial no assurance synergies monetization opportunities favorable return on investment."
}
{
    "_id": "META20230360",
    "title": "",
    "text": "pay cash incur debt acquisitions transactions affect liquidity. obligations interest expense operations. issue equity securities acquisitions grant restricted stock units employees increase expenses affect financial results dilution. acquisitions transactions viewed negatively marketers developers investors affect business price Class A common stock."
}
{
    "_id": "META20230361",
    "title": "",
    "text": "discover liabilities deficiencies claims companies not identified unanticipated costs. effectiveness due diligence review results accuracy statements disclosures actions companies representatives limited time acquisitions. may fail forecast financial impact acquisition including tax accounting charges. Acquisitions additional expenses finite-lived intangible assets on balance sheet. affect financial condition results."
}
{
    "_id": "META20230362",
    "title": "",
    "text": "integrate acquisitions incur costs integrate support."
}
{
    "_id": "META20230364",
    "title": "",
    "text": "integration acquisitions requires time resources companies operations may not manage. made investments acquisitions operating expenses diversion resources management attention from business. assure investments successful. If fail integrate companies may realize benefits business harmed."
}
{
    "_id": "META20230366",
    "title": "",
    "text": "involved class action lawsuits expensive time consuming harm business financial."
}
{
    "_id": "META20230367",
    "title": "",
    "text": "involved in lawsuits class action claim damages changes business anticipate target lawsuits. user base plaintiffs claim enormous damages harm. faced class lawsuits advertising antitrust privacy security biometrics content algorithms copyright user well employment contingent workers consumer protection product performance consumer hardware software virtual reality technology. subject class action suits platform user data practices misuse data earnings results second quarter 2018 Instagram WhatsApp anticompetitive conduct former employee allegations release documents 2021 fourth quarter 2021 inflated estimates audience size increased demand higher prices. subject of lawsuits facial recognition harmful content third-party websites copyright-protected content AI models Facebook Instagram media addiction violations Children's Online Privacy Protection Act (COPPA).results lawsuits negative outcome damages fines undesirable changes products business practices business financial condition results operations affected."
}
{
    "_id": "META20230368",
    "title": "",
    "text": "no assurances favorable final outcome defending lawsuit costly burden management employees. litigation onerous unfavorable judgment damages fines settle lawsuits unfavorable terms affect business financial conditions results operations."
}
{
    "_id": "META20230369",
    "title": "",
    "text": "anticipated tax liabilities."
}
{
    "_id": "META20230370",
    "title": "",
    "text": "tax obligations income non-income based on corporate structure intercompany arrangements business intellectual property valuations transactions. tax laws subject to interpretation tax revenue. subject to review audit by U. S. federal state foreign tax authorities. disagree positions valuing arrangements adverse outcome increase tax rate non-income taxes harm financial position cash flows. 2018 IRS issued assessments transfer pricing foreign subsidiaries 2010 2013 tax years. disagree litigating resolution uncertain affect financial results."
}
{
    "_id": "META20230372",
    "title": "",
    "text": "worldwide provision income taxes requires judgment management many transactions tax determination uncertain. provision taxes determined by business changes affect tax rate. provision taxes tax liabilities reasonable settlement differ financial statements affect financial results."
}
{
    "_id": "META20230374",
    "title": "",
    "text": "future income tax rates volatile profit deferred tax assets tax laws accounting principles."
}
{
    "_id": "META20230375",
    "title": "",
    "text": "tax laws financial position cash flows."
}
{
    "_id": "META20230376",
    "title": "",
    "text": "tax regimes including income non-income unsettled change. Changes tax laws rulings interpretations affect financial position results cash flows. 2017 Tax Cuts and Jobs Act) 2017 tax obligations tax rate fourth quarter 2017. additional regulatory accounting guidance actions increase tax obligations impact effective tax rate future. countries proposed changes tax laws new laws increase tax obligations."
}
{
    "_id": "META20230377",
    "title": "",
    "text": "Organization for Economic Cooperation Development working on Base Erosion Profit Shifting Project tax obligations countries. July 2023 140 countries approved framework minimum tax rate 15%. subject to negotiation timing impact changes tax uncertain. European Commission countries proposals current tax framework. proposals include changes income tax non-income taxes based on percentage revenue. jurisdictions proposed taxes digital services business."
}
{
    "_id": "META20230378",
    "title": "",
    "text": "European Commission investigations treatment state aid rules concluded Ireland provided illegal state aid. investigations tax treatment foreign operations."
}
{
    "_id": "META20230379",
    "title": "",
    "text": "international business activities changes taxation could increase tax rate non-income taxes harm financial position results cash flows. changes apply to operations taxes greater financial statements."
}
{
    "_id": "META20230380",
    "title": "",
    "text": "share-based compensation tax rate varied depending stock price."
}
{
    "_id": "META20230382",
    "title": "",
    "text": "tax effects share-based compensation impacted tax rate. stock price varies from grant price excess tax benefits impact tax rate. 2023 excess tax benefits decreased provision income taxes $708 million effective tax rate one percentage point. future stock price varies tax rate. amount value share-based compensation earnings impact tax rate. tax effects dependent on stock price decline increase tax rate affect financial results."
}
{
    "_id": "META20230384",
    "title": "",
    "text": "goodwill assets impaired charge earnings."
}
{
    "_id": "META20230385",
    "title": "",
    "text": "review intangible assets for impairment when value stock price market capitalization. test goodwill for impairment unit annually. If impaired impairment loss carrying amount fair value recognized. record significant charge in financial statements impairment results."
}
{
    "_id": "META20230386",
    "title": "",
    "text": "loss key personnel failure attract personnel harm business."
}
{
    "_id": "META20230387",
    "title": "",
    "text": "depend on services key personnel including Mark Zuckerberg. high-risk activities combat extreme recreational aviation risk injury death. Zuckerberg unavailable adverse impact operations. loss key personnel engineering marketing sales disrupt operations."
}
{
    "_id": "META20230388",
    "title": "",
    "text": "guarantee attract retain personnel competitive position. challenges hiring specialized technical personnel senior engineering talent competition. incentives attract retain motivate equity awards future arrangements effective issue equity retain incur share-based compensation expense ownership stockholders diluted. ability attract retain motivate affected by stock price volatility. restrictive policies developments affect efforts attract hire retain. If attracting hiring unable grow."
}
{
    "_id": "META20230389",
    "title": "",
    "text": "CEO decision majority voting power capital stock."
}
{
    "_id": "META20230390",
    "title": "",
    "text": "Mark Zuckerberg founder Board Chair CEO voting rights majority power capital stock outcome matters including election directors merger consolidation sale of assets. concentrated control could delay defer prevent change control merger consolidation sale assets support or consummation transaction. control discourage investor acquiring Class A common stock harm trading price. Zuckerberg management strategic investments CEO election replacement directors. death shares capital stock. Zuckerberg transferred to designated. board member officer. Zuckerberg owes fiduciary duty stockholders act in good faith best interests stockholders. Zuckerberg entitled vote shares in own interests."
}
{
    "_id": "META20230391",
    "title": "",
    "text": "guarantee repurchase program stockholder value. repurchases dividend payments increase diminish cash reserves."
}
{
    "_id": "META20230393",
    "title": "",
    "text": "board authorized share repurchase program expiration date obligate amount acquire shares Class A common stock. specific timing amount"
}
{
    "_id": "META20230395",
    "title": "",
    "text": "dividend payments depend share prices economic market conditions company performance. guarantee repurchase program enhance stockholder value. dividend payments affect trading price increase volatility termination trading price. cash reserves."
}
{
    "_id": "META20230396",
    "title": "",
    "text": "no assurance dividends."
}
{
    "_id": "META20230397",
    "title": "",
    "text": "February 1, 2024 announced initiation quarterly cash dividend. payment subject capital availability market conditions laws agreements board directors interests stockholders. declaration payment discontinued reduced no assurance dividends."
}
{
    "_id": "META20230399",
    "title": "",
    "text": "governments restrict access Facebook products censor content impair advertising harm business financial results."
}
{
    "_id": "META20230400",
    "title": "",
    "text": "Governments censor content Facebook products restrict access impose restrictions accessibility. access to Facebook products restricted in China Iran North Korea. authorities other countries restrict access violation threat public safety products restricted. 2020 Hong Kong adopted National Security Law obtain information remove block access content suspend services if violation use products restricted. Hong Kong expected pass additional national security legislation in 2024. if changes marketing sales operations Hong Kong National Security Law revenue business adversely affected. war in Ukraine 2022 access Facebook Instagram restricted in Russia services prohibited by Russian government affected revenue business."
}
{
    "_id": "META20230401",
    "title": "",
    "text": "possible government authorities advertising including countries access blocked. we generate revenue from small resellers China possible Chinese government China advertising revenue trade dispute content issues information requests Hong Kong other imposing taxes penalties affect financial results."
}
{
    "_id": "META20230403",
    "title": "",
    "text": "if we of compliance with legal requirements Turkey Turkish government could reduce advertising revenue impact access to products. content on Facebook or products access restricted in countries required to changes operations restrictions imposed on competitors new markets or restrictions retain increase user base engagement advertising may affected maintain grow revenue financial results."
}
{
    "_id": "META20230405",
    "title": "",
    "text": "business subject U. foreign laws regulations privacy data content competition safety e-commerce. laws change claims changes penalties cost declines user growth engagement harm business."
}
{
    "_id": "META20230406",
    "title": "",
    "text": "subject laws privacy data younger biometrics encryption publicity content integrity intellectual property advertising marketing distribution security retention deletion localization storage disclosure AI machine learning electronic contracts competition minors consumer protection civil rights accessibility telecommunications liability e taxation trade controls anti-corruption securities online payment. new products expansion laws scrutiny. foreign data privacy competition consumer protection laws fines."
}
{
    "_id": "META20230407",
    "title": "",
    "text": "U. S. federal state EU international laws regulations enforced by private parties government entities evolving change. application interpretation enforcement uncertain new evolving industry inconsistently with current policies practices. regulatory legislative actions content services use data advertising affect user growth engagement. actions services financial results fines calculated based on global revenue."
}
{
    "_id": "META20230408",
    "title": "",
    "text": "subject to evolving laws data critical operations products services. 2016, European Union United States transfer framework Privacy Shield invalidated July 2020 by Court of Justice. Standard Contractual Clauses regulatory judicial scrutiny. CJEU considered SCCs data challenge Irish Data Protection Commission. CJEU upheld May 12, 2023 IDPC Final Decision Meta Platforms Ireland SCCs Facebook data GDPR. issued administrative fine EUR €1. 2 billion corrective orders Meta Platforms suspend transfers compliance Chapter V GDPR unlawful processing data. appealing decision corrective orders subject interim stay Irish High Court."
}
{
    "_id": "META20230410",
    "title": "",
    "text": "March 25, 2022 European Union United States EU-U. Data Privacy Framework. October 7, 2022 President Biden signed Executive Order Safeguards Activities. June 30, 2023 European Union three countries EEA States Attorney General state Section 3(f) E. July 10, 2023 European Commission decision United States. States ensures protection personal data European Union Privacy Framework List Department Commerce. DPF adequacy decision milestones corrective orders. increase cost complexity delivering products services Europe. DPF replaces adequacy frameworks invalidated CJEU. invalidation."
}
{
    "_id": "META20230412",
    "title": "",
    "text": "uncertainty offer significant products services Facebook Instagram Europe business financial condition results operations."
}
{
    "_id": "META20230413",
    "title": "",
    "text": "subject to legislative regulatory developments could affect business. implemented product changes controls European General Data Protection Regulation may implement changes. GDPR requires personal data breach notifications to regulator IDPC includes penalties for non-compliance. interpretation GDPR evolving decisions IDPC privacy regulators may lead to changes outcome. interpretation enforcement GDPR penalties for non-compliance uncertainty could business operations. Brazil United Kingdom other countries enacted data protection regulations. California Consumer Privacy Act establishes transparency rules data privacy rights limitations sensitive personal information control data. Other states proposed privacy laws rights controls. laws evolving subject to interpretation limitations on advertising services affected advertising business. Some states proposed laws privacy rights controls for users under 18 parents guardians.privacy laws evolving restrict products services affecting advertising business. Europe regulators ePrivacy Directive cookies technologies impose measures. ePrivacy Directive national laws impose use data include penalties non-compliance. Changes products business practices advertising business. plans to change legal basis behavioral advertising Facebook Instagram to \"consent 2023 \"subscription for no ads\" alternative. with regulators new consent model compliance GDPR DMA EU consumer laws. developments may impact user growth engagement revenue financial results."
}
{
    "_id": "META20230415",
    "title": "",
    "text": "legislative proposals laws European Union United States federal state level jurisdictions could impose obligations business. DMA European imposes restrictions data mergers acquisitions product design. includes penalties non-compliance enforceable against gatekeeper companies March 2024. DMA compliance costs changes products business practices. requirements subject to interpretation regulatory engagement. proposals competition laws United States jurisdictions could effects. Digital Services Act (DSA) European Union August 2023 restrictions compliance costs. includes penalties non-compliance. countries India Turkey legislation data protection competition requirements local storage processing changes products cost complexity fines penalties. legislation information minors advertising services products services."
}
{
    "_id": "META20230417",
    "title": "",
    "text": "laws regulations claims government actions led unfavorable outcomes compliance costs loss revenue delays new products negative publicity costs diversion management remedies fines orders practices."
}
{
    "_id": "META20230418",
    "title": "",
    "text": "subject to regulatory investigations enforcement actions settlements expect continue future incur costs change business practices adverse."
}
{
    "_id": "META20230419",
    "title": "",
    "text": "receive inquiries from compliance laws evolving interpretation. expect investigations data requests actions audits United States Europe privacy data use protection processing sensitive data advertising security minors safety law enforcement consumer protection civil rights content moderation illegal activity competition AI machine learning. subject to regulatory orders consent decrees. data protection competition consumer protection authorities initiated actions orders impose sanctions. subject investigations regulation employment credit financial. March 2018 subject to FTC state attorneys general government inquiries platform user data practices misuse data developer. July 2019 settlement modified consent order resolve FTC inquiry April 2020 enhance practices privacy compliance oversight. state attorneys general inquiry government inquiries ongoing.FTC consent order initiated proceeding alleges deficient compliance violations Children's Online Privacy Protection Act Rule Section 5 Federal Trade Commission Act seeks changes business. If unsuccessful order subject limitations launch products use data under 18. notify IDPC regulators personal data breaches privacy issues subject to inquiries investigations. subject to penalties fines requirements change business practices. subject lawsuit Texas \"tag suggestions facial recognition technology."
}
{
    "_id": "META20230421",
    "title": "",
    "text": "subject to inquiries competition authorities United States Europe jurisdictions business users advertisers. concern social networking messaging digital advertising mobile applications acquisitions. 2019 antitrust inquiries FTC U. S. Department of Justice. 2020 lawsuit FTC antitrust laws acquiring Instagram 2012 WhatsApp 2014. complaint seeks injunction relief divestiture reconstruction Instagram WhatsApp. December 2022 European Commission Statement Objections Facebook Marketplace competition rules. subject government inquiries investigations business disclosure practices. September 2021 release documents former employee."
}
{
    "_id": "META20230423",
    "title": "",
    "text": "Orders enforcement actions government authorities costs expose civil criminal liability penalties monetary interrupt change business practices adverse negative publicity reputational harm divert resources time attention management subject structural remedies experienced adverse effects varying degrees."
}
{
    "_id": "META20230424",
    "title": "",
    "text": "FTC GDPR CCPA ePrivacy Directive DMA DSA requirements resources business practices compliance failures business reputation financial results."
}
{
    "_id": "META20230425",
    "title": "",
    "text": "engaged in privacy compliance oversight modified consent order FTC GDPR regulatory legislative requirements CCPA ePrivacy Directive DMA DSA Korean Personal Information Protection Act Indian Digital Personal Data Protection Act. maintaining privacy program FTC consent order management oversight operational requirements reporting obligations prohibitions misrepresentations data assessments third-party assessor challenging costly. compliance systems resources require investments compliance processes personnel technical infrastructure. reallocate resources business initiatives. require modifications business practices product development difficult time-consuming costly. ability develop launch new features products services affected. privacy compliance oversight time attention from management board directors. FTC consent order privacy-related laws complex apply notify authorities compliance privacy issues expect. regulatory legislative privacy requirements evolving change interpretation.subject restrictions requirements DMA data services product design interpretation regulatory engagement."
}
{
    "_id": "META20230426",
    "title": "",
    "text": "FTC initiated proceeding alleging deficient compliance seeking modifications prohibition use minors' data changes board limitations modify launch products. challenging FTC proceeding. If challenge unsuccessful order provide features services business practices increase time resources costs compliance oversight business financial results."
}
{
    "_id": "META20230428",
    "title": "",
    "text": "unable implement FTC consent order future modifications GDPR. state privacy laws CCPA ePrivacy Directive DMA DSA regulatory requirements authority subject to investigations lawsuits fines judgments penalties remedies required changes business practices. business reputation financial results."
}
{
    "_id": "META20230430",
    "title": "",
    "text": "incur liability information internet published products claims related legislation change products business practices affect business financial results."
}
{
    "_id": "META20230431",
    "title": "",
    "text": "faced claims inquiries products policies algorithms enforcement actions. business exposes claims defamation misinformation deceptive advertising discrimination harassment intellectual property rights publicity privacy personal injury hate speech safety well-being violence terrorism improper illicit drugs human exploitation child exploitation illegal gaming products liability consumer protection breach contract. increase claims younger users harmful content. litigation ad targeting delivery practices anti-discrimination laws."
}
{
    "_id": "META20230432",
    "title": "",
    "text": "potential risks claims enhanced jurisdictions outside States protection unclear less protected. April 2019 European Union passed expanding online platform liability copyright infringement regulating news content states implemented laws. Union revised European Audiovisual Media Service Directive online video-sharing platforms implementing. 2023. Supreme Court protections Communications Decency Act declined address 230. concerning efforts remove restrict protections Section 230 new obligations commerce listings user access content counterfeit goods copyright-infringing material protections could decrease change. incur costs defending damages."
}
{
    "_id": "META20230433",
    "title": "",
    "text": "face fines orders restricting services remedies content. legislation Germany India fines for content removal law enforcement cooperation disclosure obligations. countries Europe Middle East Asia-Pacific Latin America considering legislation penalties bans for failure remove content processes. subject to fines social media legislation Turkey fines Russia. Content-related legislation change products practices increase costs impact operations geographies. European Copyright Directive requires services authorizations for copyrighted content investments compliance. laws require pay for content. products services subject to restrictions compliance costs Digital Services Act European Union Online Safety and Media Regulation Act Ireland Online Safety Act United Kingdom. countries pay publishers for news content. removed news content for on Facebook Instagram. changes protections under Section 230 First Amendment to U. S.legislation costs changes products practices affect user growth engagement."
}
{
    "_id": "META20230435",
    "title": "",
    "text": "events affect business financial."
}
{
    "_id": "META20230437",
    "title": "",
    "text": "Payment activities regulatory requirements actions risks costly harm business."
}
{
    "_id": "META20230438",
    "title": "",
    "text": "products offer Payments functionality purchase digital goods send money donations charitable organizations. subject to laws regulations United States Europe anti-money laundering counter-terrorist financing money transmission stored value gift cards prepaid electronic funds transfer virtual currency consumer protection charitable fundraising economic sanctions import export restrictions. new consumer protection laws regulations payments activity sharing collection use data. laws gambling banking. some. received payments licenses United States European Economic Area jurisdictions for products activities. licenses increase flexibility mitigate regulatory uncertainty compliance with domestic laws. costly management time guarantee compliance. to fines penalties cease desist order product changes business financial results."
}
{
    "_id": "META20230439",
    "title": "",
    "text": "subject to risks Payments transactions increased costs diversion management time potential fraudulent activity restrictions investment consumer funds additional disclosure reporting requirements. launched payments functionality applications may undertake payments initiatives risks licensing requirements."
}
{
    "_id": "META20230441",
    "title": "",
    "text": "Security breaches improper hacking phishing attacks incidents harm reputation business."
}
{
    "_id": "META20230443",
    "title": "",
    "text": "industry prone to cyber-attacks unauthorized access service. products services involve collection storage processing transmission large data. failure to prevent security breaches improper access personal payment loss modification disclosure destruction misuse harm business reputation competitive position. computer malware viruses social engineering scraping hacking prevalent. encounter attempts create false accounts purchase ads for spamming misinformation illegal ends. prominence size user base data evolving products services attractive target for breaches attacks states sophisticated state-sponsored well actors heightened risk geopolitical events. efforts undesirable activity increase risk retaliatory attacks. breaches may cause interruptions degrade user experience confidence impair systems financial harm.efforts protect company data disable undesirable activities software bugs technical malfunctions employee vendor error malfeasance social engineering cyber-attacks misuse data defects vendors' government surveillance breaches security threats. third parties"
}
{
    "_id": "META20230445",
    "title": "",
    "text": "induce employees users disclose information access. Cyber-attacks evolve difficult detect. developed systems processes protect reduce loss misuse disable undesirable accounts detect security breaches provide absolute security assure react timely-attacks incidents remediation successful. business operations span geographies involve thousands employees contractors vendors developers partners third parties. face cybersecurity risks not discover vulnerabilities."
}
{
    "_id": "META20230446",
    "title": "",
    "text": "our developers partners ads may receive store information through mobile applications. We provide limited information to third parties scope services. if data security breach our may be improperly accessed used disclosed."
}
{
    "_id": "META20230447",
    "title": "",
    "text": "experience cyber-attacks security incidents varying incur costs protecting remediating. subject to laws regulations States cybersecurity data protection obligations consent order FTC. users authorities initiate legal actions security breaches improper access disclosure data expense liability modify business practices. incidents active user base engagement levels. events business reputation financial results."
}
{
    "_id": "META20230448",
    "title": "",
    "text": "September 2018 discovery third-party cyber-attack Facebook access tokens profile information 29 million accounts. Irish Data Protection Commission government inquiries. inquiries fines costs change business practices divert resources affect."
}
{
    "_id": "META20230449",
    "title": "",
    "text": "misuse services data undesirable affect business."
}
{
    "_id": "META20230450",
    "title": "",
    "text": "experienced expect intentional misuse services data by third parties undesirable illicit high-risk activity platform. in privacy safety security content review investigations audits enforcement efforts. discovered anticipate additional incidents misuse activity. discover all incidents data technical limitations lack visibility scale allocation may notified by independent privacy assessor government authorities media third parties."
}
{
    "_id": "META20230451",
    "title": "",
    "text": "incidents include data terms contracts policies false accounts election interference improper advertising safety violence terrorism illicit drugs child illegal spamming surveillance scraping data harvesting unsecured datasets misinformation fraudulent activity. unsuccessful policies prevent incidents."
}
{
    "_id": "META20230453",
    "title": "",
    "text": "Consequences developments include negative trust harm reputation brands changes business practices adverse financial results. developments additional litigation"
}
{
    "_id": "META20230455",
    "title": "",
    "text": "regulatory inquiries penalties damages divert oversight."
}
{
    "_id": "META20230456",
    "title": "",
    "text": "products systems rely software hardware technical errors bugs vulnerabilities failures affect business."
}
{
    "_id": "META20230457",
    "title": "",
    "text": "products systems rely on software hardware third parties open source technical complex. depend on store retrieve process manage data. software errors bugs vulnerabilities subject to technical limitations compromise objectives. Some errors difficult to detect discovered after code released. September 2018 third-party cyber-attack vulnerability Facebook steal access tokens profile information from Facebook. Errors bugs vulnerabilities design defects technical limitations human error led to negative experience effects for users compromised delayed product introductions enhancements targeting measurement billing errors data intellectual property reductions in services. make commitments to users data systems subject to errors bugs technical limitations prevent fulfilling commitments.errors bugs vulnerabilities defects in systems software hardware failures limitations degradations interruptions service commitments damage reputation loss users marketers revenue regulatory inquiries liability fines damages affect business financial results."
}
{
    "_id": "META20230458",
    "title": "",
    "text": "unable protect intellectual property brands intangible assets business affected."
}
{
    "_id": "META20230460",
    "title": "",
    "text": "rely on confidentiality assignment license agreements with employees consultants third parties trademark copyright patent trade secret domain name protection laws protect proprietary rights. filed applications for protection intellectual property hold trademarks patents in acquired patents from third. Third parties may infringe rights challenge rights trademark patent applications approved. intellectual property protection not in every country. expend time expense prevent infringement enforce rights. protect proprietary rights no assurance others offer products similar. contribute software open source licenses technology include open source in products. AI trained on open source software outputs subject to license restrictions. license disclose code innovations increased litigation risk. If protection rights inadequate unauthorized use value brands assets competitors mimic products services. business financial results."
}
{
    "_id": "META20230462",
    "title": "",
    "text": "expect party patent trademark copyright lawsuits expensive time consuming impact business financial condition results operations."
}
{
    "_id": "META20230463",
    "title": "",
    "text": "Companies internet technology media industries own patents copyrights trademarks secrets enter infringement misappropriation. \"non-practicing entities patents rights assert rights extract value from. introduce new products features increase exposure intellectual property claims competitors non entities."
}
{
    "_id": "META20230464",
    "title": "",
    "text": "receive notice from patent copyright trademark holders alleging products infringe intellectual property rights. involved in intellectual property lawsuits increasing competition products expect claims to grow. Defending litigation costly burden on management employees no assurances favorable final outcomes. plaintiffs may seek subject to preliminary rulings injunctions change operations. may settle lawsuits on terms unfavorable. if litigation resolved adversely subject to unfavorable judgment not reversed. require change cease operations pay amounts. may seek license to continue practices third rights increase operating costs expenses. may required to develop alternative non-infringing technology practices discontinue. effort expense less affect user experience. experienced unfavorable outcomes in business financial condition results could unfavorable resolution."
}
{
    "_id": "META20230466",
    "title": "",
    "text": "price Class A stock volatile."
}
{
    "_id": "META20230474",
    "title": "",
    "text": "trading price Class A common stock likely volatile. Since shares sold May 2012 $38. 00 per share price ranged from $17. 55 to $384. 33 through December 31, 2023. price fluctuated may fluctuate significantly factors beyond control fluctuations revenue operating results financial projections changes failure •actions securities analysts changes financial estimates failure meet expectations •additional shares sold acquisitions •investor sentiment •announcements significant products technical innovations acquisitions strategic partnerships joint ventures capital commitments"
}
{
    "_id": "META20230484",
    "title": "",
    "text": "estimates changes user base engagement effectiveness ad products performance stock market valuations technology companies volume fluctuations stock market trends inclusion exclusion deletion stock from S&P 500 Index coverage business financial performance government actions developments advertising competition content privacy rulings tax judicial regulatory bodies activity share repurchase program events war terrorism pandemics disruptive events responses."
}
{
    "_id": "META20230485",
    "title": "",
    "text": "stock markets fluctuations equity securities technology companies. subject securities litigation platform user data practices misuse data earnings results second quarter 2018 former employee allegations internal documents September 2021 earnings results fourth quarter 2021. may litigation volatility. litigation could costs divert resources affect."
}
{
    "_id": "META20230486",
    "title": "",
    "text": "dual class structure common stock voting control CEO holders B corporate matters."
}
{
    "_id": "META20230487",
    "title": "",
    "text": "Class B stock ten votes Class A one vote. Holders B founder Board Chair CEO hold majority voting power control outcome matters shares B represent 9. 1% Class A B. concentrated control corporate matters."
}
{
    "_id": "META20230489",
    "title": "",
    "text": "Transfers by holders Class B common stock shares to Class A exceptions estate planning. conversion B to voting power of holders B long term. If Mr. Zuckerberg retains Class B stock control majority voting power capital stock."
}
{
    "_id": "META20230491",
    "title": "",
    "text": "company Class A stock harm stock price."
}
{
    "_id": "META20230492",
    "title": "",
    "text": "qualify as \"controlled company under Nasdaq-listed not required majority independent compensation committee independent nominating function. future could elect. interests controlling stockholder differ other stockholders may same protections. status controlled company could make Class A common stock less attractive harm stock price."
}
{
    "_id": "META20230493",
    "title": "",
    "text": "Delaware law bylaws merger contest price Class A common stock."
}
{
    "_id": "META20230505",
    "title": "",
    "text": "Delaware corporation anti-takeover Delaware General Corporation Law discourage change control business combination with interested stockholder three years after. current certificate incorporation bylaws acquisition difficult shares Class B common stock less than 35% voting power transaction change control requires approval majority Class B stock dual class common stock structure.Zuckerberg matters stockholder approval if owns less than majority Class A B common stock B less than majority amendments to bylaws require approval two-thirds B majority vacancies board filled by board directors not stockholders B less majority classified into three classes staggered three-year terms removed from office for cause B less than majority stockholders action at meeting not written consent board chair chief executive officer president majority authorized to call special meeting •advance notice procedures apply for stockholders nominate candidates matters annual meeting certificate incorporation authorizes undesignated preferred stock shares issued without stockholder approval litigation brought in Delaware."
}
{
    "_id": "META20230509",
    "title": "",
    "text": "."
}
{
    "_id": "META20230510",
    "title": "",
    "text": "Meta cybersecurity risk management. industry prone experience incidents varying. attractive target prominence scale personal data evolving products services. reach billions collection storage processing large data. business operations span involve thousands employees contractors vendors developers partners rely software hardware technical complex. maintain information security program policies controls cybersecurity risk. face risks discover vulnerabilities. enhance security program risk management."
}
{
    "_id": "META20230511",
    "title": "",
    "text": "use risk management framework laws regulations industry standards practices cybersecurity risks products services infrastructure corporate resources. evaluate threat intelligence vulnerabilities regulatory requirements incidents. conduct risk assessments systems processes identify remediation. engage third-party security experts consultants. maintain privacy risk management program data independent third-party privacy assessor. internal audit provides assessment cybersecurity privacy programs control frameworks. risk decision-making cybersecurity countermeasures mitigation strategies. include technical operational measures annual privacy training employees."
}
{
    "_id": "META20230512",
    "title": "",
    "text": "maintain policies third-party security risks including assessment) process. gather information from third parties Meta assess risks. require third parties maintain security controls protect confidential information notify data breaches."
}
{
    "_id": "META20230513",
    "title": "",
    "text": "board of directors strategic business risk management delegated cybersecurity risk to audit & risk oversight committee. management processes identify evaluate cybersecurity risks processes programs manage mitigate incidents. privacy committee oversees risks privacy data use compliance privacy program. Management identifying assessing managing cybersecurity risks processes mitigation measures cybersecurity policies reports to."
}
{
    "_id": "META20230515",
    "title": "",
    "text": "Chief Guy Rosen leads cybersecurity program oversees teams. private public sectors technology industry regions. two decades experience cybersecurity software development product management technology. leadership roles since 2013, security safety integrity CISO 2022."
}
{
    "_id": "META20230517",
    "title": "",
    "text": ". Rosen leadership operational technology organizations."
}
{
    "_id": "META20230518",
    "title": "",
    "text": "cybersecurity teams monitor prevention incidents report CISO. CISO updates Audit Risk Committee cybersecurity program risks incidents mitigation strategies."
}
{
    "_id": "META20230520",
    "title": "",
    "text": "2023 cybersecurity threats business strategy financial condition. eliminate risks incidents. additional information Part I Item 1A \"Risk Factors Annual Report Form 10-K."
}
{
    "_id": "META20230521",
    "title": "",
    "text": "headquarters Menlo Park California. December 31, 2023 owned leased 10 million square feet office three million square feet unoccupied sublease abandon. owned leased 62 acres growth."
}
{
    "_id": "META20230522",
    "title": "",
    "text": "offices 90 cities Middle East Africa Latin. 21 data center."
}
{
    "_id": "META20230523",
    "title": "",
    "text": "Note 3 statements Part II Item 8 Annual Report Form 10-K consolidation."
}
{
    "_id": "META20230524",
    "title": "",
    "text": "believe facilities current."
}
{
    "_id": "META20230526",
    "title": "",
    "text": "multinational company complex business expect subject to claims litigation regulatory tax government inquiries legal proceedings. believe merit may not successful. litigation resolved adversely unfavorable judgment not reversed. settle litigation terms unfavorable. subject to orders consent decrees government regulatory authorities. developments could costs expose civil criminal liability penalties monetary change business practices negative publicity reputational harm divert resources time subject remedies. experienced outcomes expect face challenging litigation regulatory environment complex evolving laws regulations scale business size user advertiser base."
}
{
    "_id": "META20230528",
    "title": "",
    "text": "litigation investigations company increased no assurance. facing cases States plaintiffs Section 230 Communications Decency Act. subject new regulatory regimes Digital Services Act Digital Markets Act non-EU countries fining guidelines General Data Protection Regulation. responding litigation investigations role societal harms mental health safety impacts sexual exploitation illegal activity fraud discrimination."
}
{
    "_id": "META20230530",
    "title": "",
    "text": "tax antitrust stockholder privacy litigation. users revenue exposure damages fines increased."
}
{
    "_id": "META20230531",
    "title": "",
    "text": "instances novel legal claims new regulatory regimes statutes enforcement novel difficult assess likelihood potential liabilities fines penalties. identified matters material no assurance additional losses limitations from claims not asserted determined material."
}
{
    "_id": "META20230533",
    "title": "",
    "text": "March 20, 2018 class actions filed courts against us directors officers platform user data practices misuse data developer seeking damages injunctive relief. fraud consumer protection privacy cases consolidated. District Court Northern District California Facebook. Consumer Privacy Profile Litigation. September 9, 2019 court granted denied motion dismiss class action. December 22, 2022 settlement agreement payment $725 million. approved October 10, 2023 payment made November 2023. platform user data practices misuse. Federal Trade Commission state attorneys general government inquiries. settlement consent order FTC inquiry April 2020 penalty $5. 0 billion privacy compliance oversight. state government inquiries could fines costs change business practices divert resources affect.July 16, 2021 stockholder action Delaware directors officers fiduciary duty settlement FTC. July 20, 2021 stockholders complaint fiduciary duty directors. November 4, 2021 plaintiffs second complaint. Facebook. Litigation. January 19, 2022 motion dismiss denied May 10, 2023. insider trading dismissed except Mark Zuckerberg denied breach fiduciary duty."
}
{
    "_id": "META20230535",
    "title": "",
    "text": "May 3, 2023 FTC filed proceeding Facebook. changes modified consent order effect April 2020. District Court. changes prohibition minors' data changes board directors limitations modify launch new products. May 31, 2023 filed motion. Court. Facebook. enjoin FTC order. November 27, 2023 district court denied motion appealed. Court Appeals. Facebook. stay FTC proceeding resolution. January 12, 2024 court denied motion January 25, 2024 filed motion stay appeal. November 29, 2023 filed complaint. Platforms, Inc. constitutional challenges structure FTC enjoin FTC proceeding. December 13, 2023 FTC injunction dismiss complaint. argument enjoin March 1, 2024. not response due March 15, 2024 FTC amend order additional requirements.appeal FTC decision order request"
}
{
    "_id": "META20230537",
    "title": "",
    "text": "court stay enforcement modifications appeal pending. unclear appeal."
}
{
    "_id": "META20230538",
    "title": "",
    "text": "notify Irish Data Protection Commission GDPR personal data breaches issues subject inquiries. May 12, 2023 IDPC Decision Meta Platforms Ireland Facebook data GDPR. issued fine EUR €1. 2 billion corrective orders suspend transfers compliance Chapter V GDPR unlawful processing data. appealing decision corrective orders interim stay Irish High Court. October 7, 2022 President Biden signed Executive Order Safeguards. June 30, 2023 European Union three countries EEA States Attorney General \"qualifying state Section 3(f) E. O. July 10, 2023 European Commission decision United States. ensures protection personal data European Union Privacy Framework List. implementation. adequacy decision implementing comply corrective orders IDPC. Part II Item 1A business complex.foreign laws privacy data content competition safety e-commerce Annual Report Form 10‐K. inquiries IDPC fines costs change practices divert resources affect."
}
{
    "_id": "META20230539",
    "title": "",
    "text": "February 14 2022 Texas lawsuit. Meta Platforms. facial recognition Deceptive Trade Practices-Consumer Protection Act seeking damages relief. trial June 2024."
}
{
    "_id": "META20230540",
    "title": "",
    "text": "June 7, 2021 class actions filed information laws damages relief Meta Pixel Healthcare Litigation Tax Cases Frasco. Flo Health. Doe. Favor. GoodRx Holdings. Northern District California Rickwalder. Meta Platforms. California Supreme Court."
}
{
    "_id": "META20230543",
    "title": "",
    "text": "subject inquiries competition authorities United States Europe. social networking digital advertising mobile applications acquisitions. 2019 antitrust investigations FTC U. Department of Justice. December 9, 2020 FTC filed complaint. Platforms. anticompetitive conduct unfair competition 5 Federal Trade Commission Act 2 Sherman Act acquiring Instagram 2012 WhatsApp 2014 maintaining conditions access. FTC sought injunction relief divestiture reconstruction Instagram WhatsApp. June 28, 2021 court granted motion dismiss leave amend. August 19, 2021 amended complaint October 4, 2021 dismiss. January 11, 2022 court denied. class actions filed Kingdom violations antitrust laws acquisitions damages injunctive relief. cases consolidated"
}
{
    "_id": "META20230545",
    "title": "",
    "text": "U. District Court Northern District California. Meta Platforms. January 14 2022 court denied motion dismiss consolidated actions. March 1, 2022 complaint filed class action advertisers. December 6, 2022 denied dismiss. European Commission Statement Objections Facebook Marketplace competition rules."
}
{
    "_id": "META20230546",
    "title": "",
    "text": "February 6, 2019 German Federal Cartel Office antitrust data sharing collection breached data competition law. lawsuit February 11, 2019. March 24, 2021 Higher Regional Court Düsseldorf referred questions GDPR. July 4, 2023 CJEU decision interests necessity data processing GDPR ads personalization."
}
{
    "_id": "META20230547",
    "title": "",
    "text": "litigation investigations subject monetary remedies costs interrupt business practices divert resources attention management remedies."
}
{
    "_id": "META20230549",
    "title": "",
    "text": "March 20, 2018 actions filed against us directors officers securities laws fiduciary duties platform user data practices misuse data seeking damages relief. July 27, 2018 two class actions filed federal against directors officers securities laws earnings results second quarter 2018 damages. actions consolidated. District Court Northern District California Facebook, Inc. Securities Litigation class action platform data practices. 2019 2020 district court granted dismiss claims. January 17, 2022 appeal October 18, 2023. Court Appeals Ninth Circuit."
}
{
    "_id": "META20230550",
    "title": "",
    "text": "subject government inquiries business disclosure practices. September 2021 former employee allegations documents algorithms advertising metrics content enforcement misinformation undesirable activity user well-being. additional requests. October 27, 2021 class actions filed. District Court Northern District California directors securities laws breach fiduciary duties damages. Ohio Pub. Meta Platforms,."
}
{
    "_id": "META20230551",
    "title": "",
    "text": "March 8 2022 class action. Northern California directors earnings fourth quarter 2021 damages Steamfitters. Meta Platforms. July 18 2023 dismissed Meta amend. September 18 2023 plaintiffs amended complaint."
}
{
    "_id": "META20230554",
    "title": "",
    "text": "January 2022 litigation federal state courts Facebook Instagram media addiction proceedings"
}
{
    "_id": "META20230556",
    "title": "",
    "text": "under 18 mental health harms. class actions filed United States Canada school districts municipalities state filed public nuisance claims. October 6, 2022 federal cases. District Court Northern District California Media Adolescent Addiction. October 13, 2023 Los Angeles County Superior Court overruled claims. October 2023. states filed lawsuits. lawsuits include Children's Online Privacy Protection Act) consumer protection unfair business practices products liability harms under 18. lawsuits seek damages injunctive relief state attorneys general. state courts. subject government investigations products mental health safety impacts."
}
{
    "_id": "META20230558",
    "title": "",
    "text": "August 15, 2018 class actions filed demand prices. cases consolidated. District Northern California. Facebook. damages relief. 2019 2021 2022 dismissed permitted fraud unfair competition. March 29, 2022 granted class certification. June 21, 2022. Appeals Ninth Circuit granted September 12, 2023. case stayed appeal."
}
{
    "_id": "META20230559",
    "title": "",
    "text": "July 7, 2023 class actions filed. Court Northern District California. Meta Platforms. Chabon. Southern District New York. Meta Platforms. transferred. Northern California copyrighted books materials artificial seeking damages injunctive relief."
}
{
    "_id": "META20230560",
    "title": "",
    "text": "quarter 2024 Supreme Court Vivek. Murthy Surgeon. Missouri. federal First Amendment content moderation Netchoice. Paxton Moody. First Amendment content moderation tech platforms. Meta not defendant Supreme Court decision impact business."
}
{
    "_id": "META20230561",
    "title": "",
    "text": "subject to litigation law enforcement regulatory agencies Brazil Russia Europe legal obligations disclose user information. instances resulted fines penalties against. multiple legal grounds to satisfy prevail fines intend defend fines."
}
{
    "_id": "META20230562",
    "title": "",
    "text": "party legal proceedings claims regulatory tax inquiries business expect proceedings disputes future."
}
{
    "_id": "META20230565",
    "title": "",
    "text": "."
}
{
    "_id": "META20230567",
    "title": "",
    "text": "Registrant Equity Purchases Securities"
}
{
    "_id": "META20230569",
    "title": "",
    "text": "Class A stock Nasdaq Global Select Market 'META. replaced offering 2012. no public market."
}
{
    "_id": "META20230570",
    "title": "",
    "text": "Class B stock public market."
}
{
    "_id": "META20230572",
    "title": "",
    "text": "December 31, 2023 3,098 stockholders Class A stock closing price $353. 96 per share Nasdaq Global Select Market. shares brokers estimate total. 23 stockholders Class B stock."
}
{
    "_id": "META20230574",
    "title": "",
    "text": "2024 declared cash dividend. February 1 2024 cash dividend program. $0. 50 A $2. 00 share annual. dividend paid March 26, 2024 business February 22, 2024."
}
{
    "_id": "META20230575",
    "title": "",
    "text": "future cash dividends subject to declaration board directors based on capital market conditions laws agreements stockholders."
}
{
    "_id": "META20230583",
    "title": "",
    "text": "table summarizes share repurchase months December 31, 2023 Shares Purchased Price Paid Share Programs Value Shares Purchased October 1 - 31, 2023. November 1 - 30 2023 December 1 - 31, 2023."
}
{
    "_id": "META20230585",
    "title": "",
    "text": "November 18 2016, repurchase program Class A commenced January 2017 expiration. January 2024 $50 billion repurchases. price business conditions investment opportunities privately trading plans Rule Exchange Act. Note 13 Stockholders' Equity Part II Item 8 Annual Report Form 10-K."
}
{
    "_id": "META20230587",
    "title": "",
    "text": "price share 1% excise tax Inflation Reduction Act 2022."
}
{
    "_id": "META20230591",
    "title": "",
    "text": "."
}
{
    "_id": "META20230593",
    "title": "",
    "text": "performance graph not material SEC Section 18 Exchange Act subject liabilities incorporated filing Meta Platforms. Securities Act 1933 Exchange Act."
}
{
    "_id": "META20230596",
    "title": "",
    "text": "graph return Class A common stock Dow Jones Internet Composite Index Standard & Poor's 500 Stock Index Nasdaq Composite Index five years 2023. $100 invested 2018 Class A common stock Meta Platforms. DJINET S&P 500 Nasdaq Composite. performance indicative future."
}
{
    "_id": "META20230599",
    "title": "",
    "text": "read financial condition results consolidated financial statements notes Part II Item 8 Statements Supplementary Data Annual Report Form 10-K. forward-looking statements plans estimates beliefs. results differ. Factors differences include Part I Item 1A \"Risk Factors. limitations community metrics \"Limitations Key Metrics Other Data."
}
{
    "_id": "META20230600",
    "title": "",
    "text": "consolidated financial statements accounting principles revenue constant currency free cash flow non-GAAP measures. Revenue Exchange Impact Revenue. translated revenue 2023 2022 exchange rates currencies. dollar. free cash flow non-GAAP Capital Resources—Free Cash Flow."
}
{
    "_id": "META20230601",
    "title": "",
    "text": "non-GAAP financial measures not substitute for financial information GAAP. measures different from usefulness for comparison. revenue constant currency for year-over-year comparison changing foreign currency exchange rates operating results. non-GAAP measures provide supplemental information financial performance enable comparison periods allow transparency key metrics."
}
{
    "_id": "META20230603",
    "title": "",
    "text": "mission give power community world."
}
{
    "_id": "META20230604",
    "title": "",
    "text": "financial results community metrics 2023. total revenue $134. 90 billion 16% advertising revenue. 15%. Ad impressions increased 28% offset average price ad."
}
{
    "_id": "META20230606",
    "title": "",
    "text": "2023 $46. billion. billion 62% 2022 advertising."
}
{
    "_id": "META20230623",
    "title": "",
    "text": "report financial results Family of Apps Reality Labs. FoA includes Facebook Instagram Messenger WhatsApp services. RL augmented mixed virtual reality hardware software content. Apps Labs Ended December millions Revenue,450,609 Costs expenses,789,665 Income operations,661,944 Operating margin income $39. 10 billion diluted earnings per share $14. 87 year December 31, 2023. expenditures payments finance leases $28. 10 billion.tax rate 17. 6%. securities $65. 40 billion.-term debt $18. 39 billion. 67,317 22%."
}
{
    "_id": "META20230626",
    "title": "",
    "text": "2024 declared cash dividend. February 1 2024 cash dividend program. $0. 50 A $2. 00 share annual. dividend paid March 26, 2024 business February 22, 2024."
}
{
    "_id": "META20230629",
    "title": "",
    "text": "2022 initiated efficiency priorities. 2023 completed data center employee layoffs facilities consolidation."
}
{
    "_id": "META20230637",
    "title": "",
    "text": "summary restructuring charges adjustments year ended December 31, 2023 activity 2023 Consolidation Personnel Center Assets Cost revenue Research development Marketing sales General administrative Total,170"
}
{
    "_id": "META20230638",
    "title": "",
    "text": "2022 pre-tax $2. billion FoA $612 $515 million RL."
}
{
    "_id": "META20230639",
    "title": "",
    "text": "Note 3 Restructuring Part II 8 Annual Report Form 10-K restructuring."
}
{
    "_id": "META20230645",
    "title": "",
    "text": "daily 3. 19 billion December 2023 8%. monthly 3. 98 billion increase 6%. daily 2. 11 billion increase 6%. monthly 3. 07 billion increase 3%. impressions increased 28% average price ad decreased."
}
{
    "_id": "META20230646",
    "title": "",
    "text": "Quarterly Report Form 10-Q first quarter 2024 report DAUs MAUs ARPU Securities Exchange Commission. reporting year-over-year changes ad impressions average price ad region DAP ARPP. \"Limitations Key Metrics Data Annual Report Form 10-K."
}
{
    "_id": "META20230648",
    "title": "",
    "text": "revenue from Facebook Instagram. rely on targeting measurement tools deliver relevant ads. revenue affected by reduced marketer spending limitations targeting measurement regulatory environment third-party operating systems browsers."
}
{
    "_id": "META20230650",
    "title": "",
    "text": "legislative General Data Protection Regulation European Union ePrivacy Directive European Digital Services Act. privacy laws California Consumer Privacy Act data signals ad products expect"
}
{
    "_id": "META20230652",
    "title": "",
    "text": "Digital Markets Act impact future. implemented changes products user data practices reduce ability target measure ads. response to regulatory developments plans to change legal basis behavioral advertising on Facebook Instagram EU European Economic Area Switzerland interests to \"consent \"subscription for no ads\" alternative. with regulators new consent model. mobile providers Apple Google implemented limit collect signals target measure advertising. Apple changes ability target measure advertising impacted budgets marketers."
}
{
    "_id": "META20230653",
    "title": "",
    "text": "mitigate developments advertising systems performance. developing privacy technologies reducing personal information relying anonymized third-party data. developing tools marketers data products signals. advertising tools campaigns connect consumers Reels ads business messaging products. investments artificial generative AI delivery targeting measurement. driving onsite conversions business messaging ad products features scaling features."
}
{
    "_id": "META20230654",
    "title": "",
    "text": "engaging explore new standards processing data advertising. improvements ad targeting measurement improved results. expect long-term initiatives legislative regulatory platform developments impact advertising revenue."
}
{
    "_id": "META20230656",
    "title": "",
    "text": "global regional business geopolitical conditions user growth engagement advertising revenue. advertising budgets pressured by inflation rising interest rates market uncertainty reduced marketer spending. improvement conditions 2023 uncertainty remains could impact financial results. competitive products services reduced engagement. investing in Reels AI initiatives AI discovery engine improved user engagement monetization. Reels growing monetizes lower expect. fluctuations declines size active user base regions. war Ukraine access Facebook Instagram restricted Russia user growth engagement 2023. affected advertising revenue 2023."
}
{
    "_id": "META20230658",
    "title": "",
    "text": "evaluate sources advertising revenue perfect visibility factors spending decisions assessments involve complex judgments large advertiser base. Trends dynamic interrelated. difficult identify spending decisions trends unable quantify impact advertising revenue."
}
{
    "_id": "META20230661",
    "title": "",
    "text": "discipline 2022 efficiency opportunities. 2023 80% costs expenses recognized FoA 20% RL. FoA investments headcount data centers technical infrastructure apps advertising services. investments AI initiatives recommend content advertising tools develop new features AI."
}
{
    "_id": "META20230663",
    "title": "",
    "text": "investments metaverse virtual augmented mixed reality devices software neural interfaces technologies. RL investments include technology development. long-term research development. 2023 RL reduced profit $16. 12 billion expect losses increase 2024. complex evolving long-term initiative profits. investing next chapter internet monetization opportunities businesses developers creators advertising hardware digital goods."
}
{
    "_id": "META20230666",
    "title": "",
    "text": "Family metrics DAP average revenue person include users products unless qualify DAP MAP."
}
{
    "_id": "META20230668",
    "title": "",
    "text": "Trends community affect revenue financial results ads value expenses capital expenditures. daily monthly active people access Family products mobile devices. Active People. registered logged-in user Facebook Instagram Messenger WhatsApp visited one Family mobile. require common link multiple products attribute multiple user accounts. calculations DAP rely complex techniques algorithms machine learning models using products matching accounts counting one person. techniques models require judgment calibrated against survey data margin of error estimates. view DAP measures of engagement across products. additional information \"Limitations of Key Metrics Other Data Annual Report Form 10-K."
}
{
    "_id": "META20230672",
    "title": "",
    "text": "DAP. 19 billion 2023. 96."
}
{
    "_id": "META20230674",
    "title": "",
    "text": "Active People (MAP). person registered user Family products visited mobile last 30 days. require common identifier link accounts multiple products attribute multiple accounts. calculations rely complex techniques algorithms machine learning models estimate using products matching accounts counting one person. techniques models require judgment developed reviews calibrated against survey data margin of error estimates. MAP measure size global active community. information \"Limitations of Key Metrics Other Data Annual Report Form 10-K."
}
{
    "_id": "META20230677",
    "title": "",
    "text": "31, 2023. 98 billion 6%. 74."
}
{
    "_id": "META20230681",
    "title": "",
    "text": "Revenue Per Person (ARPP. total revenue quarter divided by average MAP. includes sources Family products. estimate share revenue users not MAP material. 39. 72. 91. 53. 63. 59. 32. 71. Revenue-Ad"
}
{
    "_id": "META20230684",
    "title": "",
    "text": "annual ARPP 2023 $34. 72 9% 2022."
}
{
    "_id": "META20230687",
    "title": "",
    "text": "Facebook metrics DAUs MAUs average revenue user include Instagram WhatsApp products unless DAUs MAUs."
}
{
    "_id": "META20230689",
    "title": "",
    "text": "Trends users affect revenue financial results ads value expenses capital expenditures. daily monthly users access Facebook mobile devices. Active Users. registered logged-in Facebook user visited website mobile device Messenger application day. DAUs measures user engagement."
}
{
    "_id": "META20230700",
    "title": "",
    "text": "DAUs increased 6% to 2. 11 billion December 2023 2. billion 2022. India Bangladesh Nigeria top three growth 2023. Active Users. registered Facebook visited website Messenger application last 30 days. size global community."
}
{
    "_id": "META20230702",
    "title": "",
    "text": "December 2023. billion MAUs increase 3% 2022. India Bangladesh Nigeria top growth."
}
{
    "_id": "META20230705",
    "title": "",
    "text": "calculate revenue user geography ad impressions delivered virtual goods purchased shipped. define ARPU total revenue divided by average MAUs. ARPU includes sources Facebook Messenger. revenue Facebook majority total revenue. See \"Average Revenue Per Person (ARPP) monetization Family products. geography affects revenue financial results rates. revenue ARPU United States Canada Europe higher due size maturity online mobile advertising markets. ARPU 2023 United States Canada 11 times higher than Asia-Pacific."
}
{
    "_id": "META20230714",
    "title": "",
    "text": "revenue by user geography apportioned location. differs from revenue disaggregated by geography consolidated financial statements Part II Item 8 apportioned addresses."
}
{
    "_id": "META20230716",
    "title": "",
    "text": "annual ARPU 2023 $44. 60 increase 13% 2022. increased 21% Europe 20% Rest World 11% Asia-Pacific 10% United States Canada. User growth lower ARPU Asia‐Pacific World. growth future regions ARPU lower ARPU increase slower decrease."
}
{
    "_id": "META20230719",
    "title": "",
    "text": "consolidated financial statements prepared GAAP. estimates assumptions assets liabilities revenue costs expenses disclosures. evaluate accounting estimates historical experience assumptions. impact financial performance differ."
}
{
    "_id": "META20230720",
    "title": "",
    "text": "accounting estimate critical if material subjectivity judgment impact consolidated financial statements. loss contingencies income taxes valuation assets impact financial statements. critical estimates. see Note 1 Summary Accounting Policies financial statements Part II Item 8 \"Financial Statements Supplementary Data Annual Report Form 10-K."
}
{
    "_id": "META20230722",
    "title": "",
    "text": "involved in legal proceedings claims regulatory tax government inquiries investigations business. include speculative claims for damages. required comply with legal regulatory obligations subject to new laws regulations. requirements uncertain to interpretation enforcement failure lead to action. evaluate developments accrue liability when probable loss amount estimated."
}
{
    "_id": "META20230723",
    "title": "",
    "text": "review developments contingencies provisions recorded possible losses disclosed. make adjustments provisions disclosures reflect defenses impact negotiations settlements regulatory proceedings rulings advice legal counsel updated information. judgment required probability loss estimated asserted unasserted matters. Certain factors changes estimates judgments prior quarters. jurisdictions fines penalties new laws preliminary interpretations damages difficult estimate. government inquiries investigations Data Protection Commission review regulatory bodies before lead changes outcome. expect estimates judgments revised future quarters."
}
{
    "_id": "META20230724",
    "title": "",
    "text": "ultimate outcome likelihood loss uncertain. if resolved against management estimates results financial condition. See Note 12 — Commitments Contingencies Note 15 Income Taxes consolidated financial statements Part II Item 8 Statements Data Part I Item 3 \"Legal Proceedings Annual Report Form 10-K information contingencies."
}
{
    "_id": "META20230727",
    "title": "",
    "text": "subject taxes United States foreign jurisdictions. judgment assets liabilities accounting principles tax laws. forecasted income"
}
{
    "_id": "META20230729",
    "title": "",
    "text": "change economic political conditions judgment deferred tax assets."
}
{
    "_id": "META20230730",
    "title": "",
    "text": "recognize tax benefits from uncertain tax positions if sustained technical merits. tax positions include estimates transfer pricing developed arms-length prices. estimates research development tax credits based documentation. reserved for uncertain tax positions interest no final tax outcome different significant judgment required taxes. make adjustments reserves income tax accounting guidance when facts circumstances change closing tax audit refinement estimate. final tax outcome differences affect provision income taxes financial condition operating results."
}
{
    "_id": "META20230732",
    "title": "",
    "text": "valuation impairment judgment cash flows discount rates market data holding period residual value."
}
{
    "_id": "META20230733",
    "title": "",
    "text": "Impairment testing for long-lived-assets property equipment operating lease right-of-use assets occurs carrying compared future cash flows disposition. test performed asset group level cash flows independent. results recoverable reduced to fair value."
}
{
    "_id": "META20230735",
    "title": "",
    "text": "Impairment testing non-marketable equity securities without fair values performed each reporting date triggering events impairment. assessment considers investee's financial condition business outlook industry sector performance regulatory economic technological environment operational financing cash flows events. indicators impairment estimate fair value securities market income recognize impairment loss in statements if estimated fair value less than carrying value. determining differences rights obligations adjustments observable price for differences. of observable transactions on timely reporting investee companies. fair value adjustment may transaction."
}
{
    "_id": "META20230740",
    "title": "",
    "text": ". generate revenue from advertising. displaying products Facebook Instagram Messenger third-party mobile applications. Marketers pay products or based impressions actions."
}
{
    "_id": "META20230741",
    "title": "",
    "text": "recognize revenue impression-based ads contracted period impressions delivered. delivered ad displayed. revenue action-based ads user action contracted. number ads business. vary product video Reels not monetized feed Stories increase decrease number frequency monetization strategies. calculate average price per ad total revenue divided ads delivered average price paid ad marketer. arrangements principal recognize revenue net basis."
}
{
    "_id": "META20230742",
    "title": "",
    "text": "revenue. WhatsApp Business Platform fees developers Payments infrastructure."
}
{
    "_id": "META20230744",
    "title": "",
    "text": "revenue Meta Quest wearables software content."
}
{
    "_id": "META20230746",
    "title": "",
    "text": "Cost revenue. expenses delivery distribution products. data centers technical infrastructure depreciation network payroll share compensation energy bandwidth costs. includes partner arrangements traffic acquisition credit card fees RL inventory costs estimated losses content costs."
}
{
    "_id": "META20230747",
    "title": "",
    "text": "Research development. expenses payroll share compensation RL technology facilities costs engineering improving restructuring charges."
}
{
    "_id": "META20230748",
    "title": "",
    "text": "Marketing sales. promotional payroll share-based compensation employees sales support business development customer service. professional services content reviewers restructuring charges."
}
{
    "_id": "META20230750",
    "title": "",
    "text": "administrative. legal-related costs fines settlements losses fees payroll share-based compensation executives legal finance human resources communications administrative employees taxes professional services restructuring charges."
}
{
    "_id": "META20230753",
    "title": "",
    "text": "discuss results operations December 31, 2023 2022. 2022 2021 Part II Item 7 Discussion Financial Condition Results Operations Annual Report Form 10-K 2022."
}
{
    "_id": "META20230768",
    "title": "",
    "text": "table consolidated income Revenue,609 Costs expenses revenue,249,649 Research development,483,338,655 Marketing sales,301,262,043 General administrative,408 costs expenses,151,665,176 Income operations,944 Interest taxes,428,819,284,330 Net income,098,200,370"
}
{
    "_id": "META20230783",
    "title": "",
    "text": "table consolidated income percentage revenue Ended December Revenue Costs expenses Cost revenue Research development Marketing sales General administrative Total costs expenses####75 Income operations####25 Interest income Income before taxes####25####40 Net income"
}
{
    "_id": "META20230786",
    "title": "",
    "text": "rounded presentation differ unrounded."
}
{
    "_id": "META20230797",
    "title": "",
    "text": "table revenue source segment Ended December 2022 change 2021 millions percentages Advertising#131,948,642 Other revenue Family Apps,006,450,655 Reality Labs,159,274 Total revenue#134,902,609#117,929"
}
{
    "_id": "META20230799",
    "title": "",
    "text": "revenue 2023. billion 16% 2022. advertising."
}
{
    "_id": "META20230801",
    "title": "",
    "text": "Advertising revenue 2023 increased $18. 31 billion 16% 2022 offset average price ad. ads delivered increased 28%, 18% 2022 grew Asia-Pacific Rest World. increase driven number frequency users. average price ad decreased 16% 2022. driven increase number geographies products lower. average price ad declined year-over-year improvements ad targeting measurement tools performance demand. Overview Full 2023 Results. advertising revenue growth driven online commerce China consumer packaged goods entertainment media. future revenue driven price number ads delivered."
}
{
    "_id": "META20230803",
    "title": "",
    "text": "2023 $250 million 31%, 2022. WhatsApp."
}
{
    "_id": "META20230805",
    "title": "",
    "text": "revenue 2023 $263 million 12% 2022. Meta Quest."
}
{
    "_id": "META20230808",
    "title": "",
    "text": "Revenue strong fourth quarter holiday demand. seasonality hardware affects results growth third fourth quarters decline first quarters. revenue increased 17% 16% 16% third fourth quarters 2023 2022 2021 first quarters declined 11% 17% 7%."
}
{
    "_id": "META20230811",
    "title": "",
    "text": "foreign exchange rates revenue 2023 2022. translated revenue 2023 prior exchange rates. total revenue advertising revenue $134. 53 billion $131. 57 billion. constant rates $374 million $379 million lower 2023. rates 2023 $17. 92 billion $17. 93 billion higher 2022."
}
{
    "_id": "META20230817",
    "title": "",
    "text": "Ended December 31, 2022 % 2021 millions percentages Cost revenue,249,649 Percentage revenue"
}
{
    "_id": "META20230818",
    "title": "",
    "text": "revenue 2023 increased $710 million 3% 2022. operational expenses data centers offset abandonment."
}
{
    "_id": "META20230819",
    "title": "",
    "text": "Note 3 Restructuring Part II 8 Annual Report Form 10-K restructuring."
}
{
    "_id": "META20230825",
    "title": "",
    "text": "Ended December 31, 2022 % 2021 millions percentages Research development,483,338,655 Percentage revenue"
}
{
    "_id": "META20230826",
    "title": "",
    "text": "expenses 2023 increased $3. billion 2022. payroll share compensation."
}
{
    "_id": "META20230832",
    "title": "",
    "text": "Ended December 31, 2022 change 2021 millions percentages Marketing sales,301,262,043 Percentage revenue"
}
{
    "_id": "META20230834",
    "title": "",
    "text": "Marketing sales expenses 2023 decreased $2. 96 billion 19% 2022. marketing promotional payroll. employee headcount 2022 2023."
}
{
    "_id": "META20230841",
    "title": "",
    "text": "Ended December 31, 2022 % change 2021 millions percentages General administrative,408 Percentage revenue"
}
{
    "_id": "META20230842",
    "title": "",
    "text": "expenses 2023 decreased $408 million 3% compared 2022. lower payroll expenses employee headcount 2022."
}
{
    "_id": "META20230850",
    "title": "",
    "text": "table income operations segment Ended December 2022 2021 millions percentages Family Apps#62,871,661 Reality Labs(16,120),717),193) Total income operations#46,751,944"
}
{
    "_id": "META20230852",
    "title": "",
    "text": "income 2023. billion 47% 2022. advertising marketing sales expenses."
}
{
    "_id": "META20230854",
    "title": "",
    "text": "loss 2023 $2. billion 18% 2022. payroll expenses revenue."
}
{
    "_id": "META20230863",
    "title": "",
    "text": "Ended December 2022 % change 2021 % change millions Interest income Interest expense Foreign currency exchange losses net#42 Other income net(150) Interest other income net#677#531"
}
{
    "_id": "META20230865",
    "title": "",
    "text": "Interest income 2023 increased $802 million compared 2022. higher rates balances. Changes related gains equity investments."
}
{
    "_id": "META20230872",
    "title": "",
    "text": "Ended December 31, 2022 2021 millions percentages Provision income taxes,330 Effective tax rate"
}
{
    "_id": "META20230873",
    "title": "",
    "text": "taxes 2023 increased $2. billion 48% 2022."
}
{
    "_id": "META20230874",
    "title": "",
    "text": "effective tax rate 2023 decreased due excess tax benefits share compensation guidance relief foreign tax credits. offset. tax benefits foreign income clarification IRS research development expenses capitalization."
}
{
    "_id": "META20230875",
    "title": "",
    "text": "Tax Rate. items income before. benefits foreign intangible income share-based compensation research tax credit capital losses restructurings tax contingency business tax law."
}
{
    "_id": "META20230876",
    "title": "",
    "text": "share-based compensation tax rate deductions stock price. stock price constant January 2024. tax tax rate 2024 mid-teens. mandatory capitalization amortization research development expenses 2023 2017 Tax Cuts Jobs Act. mandatory capitalization 2023 cash tax liabilities tax rate foreign-derived income deduction. deferred tax rate 2024 higher cash tax liabilities lower."
}
{
    "_id": "META20230877",
    "title": "",
    "text": "Unrecognized Tax Benefits. December 31, 2023 uncertain tax positions $6. 95 billion accrued liabilities. accrued transfer pricing foreign subsidiaries licensing intellectual property services research tax credits. settlement resolution tax audits assessment. tax audits material change 12 months."
}
{
    "_id": "META20230879",
    "title": "",
    "text": "Note 15 Income Taxes Part II Item 8 Annual Report 10-K tax."
}
{
    "_id": "META20230882",
    "title": "",
    "text": "liquidity cash equivalents securities operations. deposits funds. government securities debt. institutions securities. securities $65. 40 billion December 31, 2023 $24. 67 billion 2022. $71. 11 billion $8. 46 billion proceeds fixed-rate unsecured notes. offset $28. 10 billion capital expenditures $19. 77 billion repurchases Class A common stock $7. 01 billion taxes."
}
{
    "_id": "META20230888",
    "title": "",
    "text": "table cash flows Ended December cash operating activities,113,475,683 investing#(24,495)(7,570) financing,500)(22,136)(50,728)"
}
{
    "_id": "META20230890",
    "title": "",
    "text": "2023 $39. 10 billion income non $14. 03 billion share compensation $11. 18 billion depreciation amortization $3. 29 billion working capital. increase cash collection payments."
}
{
    "_id": "META20230892",
    "title": "",
    "text": "Cash 2023 $27. 05 billion purchases property offset $3. 20 billion proceeds maturities sales debt securities. decrease cash purchases property."
}
{
    "_id": "META20230893",
    "title": "",
    "text": "expenditures $30 2024."
}
{
    "_id": "META20230895",
    "title": "",
    "text": "2023 $19. 77 billion repurchases Class A common stock $7. 01 billion taxes RSUs offset $8. 46 billion Notes May 2023. decrease cash Class A common stock taxes RSU debt offerings."
}
{
    "_id": "META20230898",
    "title": "",
    "text": ". GAAP monitor free cash flow non-GAAP business performance allocate resources. FCF net cash activities reduced purchases property payments leases."
}
{
    "_id": "META20230900",
    "title": "",
    "text": "believe FCF key financial business performance provides information cash property equipment investments business."
}
{
    "_id": "META20230901",
    "title": "",
    "text": "chosen definition FCF information understand trends. use FCF senior management board directors."
}
{
    "_id": "META20230904",
    "title": "",
    "text": "FCF limitations substitute for GAAP financial measures cash. not represent residual cash flow discretionary expenses. limitations reflect future contractual commitments companies present measures differently usefulness."
}
{
    "_id": "META20230905",
    "title": "",
    "text": "Management compensates limitations FCF disclosure financial statements reconciliation FCF GAAP measure net cash activities."
}
{
    "_id": "META20230912",
    "title": "",
    "text": "reconciliation FCF GAAP measure net cash activities December cash,113,475,683 Purchases property equipment,045),186),567 Principal payments leases Free cash flow,010,439"
}
{
    "_id": "META20230914",
    "title": "",
    "text": "anticipate funds cash needs share repurchases dividend payments next 12 months. evaluate liquidity capital resources access external capital future capital requirements."
}
{
    "_id": "META20230916",
    "title": "",
    "text": "operating lease obligations offices centers colocations. finance. facilities obligations."
}
{
    "_id": "META20230917",
    "title": "",
    "text": "commitments servers network infrastructure Reality Labs."
}
{
    "_id": "META20230920",
    "title": "",
    "text": "December 2023-term debt unsecured notes $18. 50 billion. 2027 2063. $848 million $16. 40 billion. proceeds purposes capital expenditures share repurchases dividend acquisitions investments."
}
{
    "_id": "META20230923",
    "title": "",
    "text": "board repurchase 2017. 2023 repurchased retired 92 million shares $20. 03 billion 1% excise tax Inflation Reduction Act 2022. December 2023 $30. 93 billion. 2024 $50 billion."
}
{
    "_id": "META20230925",
    "title": "",
    "text": "February 1 2024 cash dividend program. $0. 50 $2. dividend paid March 26, 2024 holders February 22, 2024."
}
{
    "_id": "META20230926",
    "title": "",
    "text": "funds future declaration board intend quarterly dividend Class A B. payment future dividends discretion board financial condition operating results cash cash needs."
}
{
    "_id": "META20230928",
    "title": "",
    "text": "income taxes $6. 61 billion December 31, 2023. taxes payable $1. 14 billion-time transition tax $575 million due year. transition tax interest installments 2025. liabilities $6. 95 billion uncertain tax positions. uncertainties tax audits resolution payments."
}
{
    "_id": "META20230930",
    "title": "",
    "text": "involved in legal proceedings claims regulatory tax inquiries. record liability probable amount estimated. possibility loss disclose loss in notes consolidated financial statements. judgment required determine probability estimated loss. unpredictable uncertainties beyond control. estimates assumptions change impact results operations financial position cash flows."
}
{
    "_id": "META20230931",
    "title": "",
    "text": "8 Leases 10 Debt 12 Commitments Contingencies 13 Equity 15 Taxes II 8 Proceedings 3 10-K leases debt taxes contingencies."
}
{
    "_id": "META20230934",
    "title": "",
    "text": "pronouncements Note 1 Accounting Policies statements Part II Item 8 Annual Report Form 10-K."
}
{
    "_id": "META20230937",
    "title": "",
    "text": "exposed market risks equity price."
}
{
    "_id": "META20230939",
    "title": "",
    "text": "foreign currency risks revenue expenses. Euro. exchange rates strengthening. dollar affect revenue operating results. Management Analysis Financial Condition Foreign Exchange Impact Revenue Part II Item 7 Annual Report Form 10-K."
}
{
    "_id": "META20230940",
    "title": "",
    "text": "experienced fluctuations net income transaction gains losses remeasuring asset liability balances. entered may derivatives instruments hedge currency exchange risk. difficult predict hedging. net losses $366 million $81 million $140 million 2023 2022 2021."
}
{
    "_id": "META20230942",
    "title": "",
    "text": "exposure interest rates income value cash securities long-term debt."
}
{
    "_id": "META20230943",
    "title": "",
    "text": "cash equivalents debt securities time deposits funds. government. corporate. investment policy preservation capital liquidity requirements. interest rates affect interest market value. 100 point increase $355 million $558 million market value debt securities equivalents December 31, 2023 2022. gains losses sold investments prior maturity."
}
{
    "_id": "META20230945",
    "title": "",
    "text": "December 31, 2023 2022 fixed-rate senior notes $18. 50 billion $10. 00 billion. Notes bear fixed rates amortized cost fluctuations financial statements. fair value market rates."
}
{
    "_id": "META20230948",
    "title": "",
    "text": "equity investments non-marketable securities price risks value."
}
{
    "_id": "META20230949",
    "title": "",
    "text": "non-marketable equity securities companies without fair values. using cost less impairment adjusted for changes value transactions. qualitative assessment triggering events impairment. considers financial condition industry sector performance economic environment. Valuations complex market data transactions. Uncertainties global economic climate financial markets impact valuation. total securities Jio Platforms Limited carrying value $6. 14 billion $6. 20 billion as of December 31, 2023 2022."
}
{
    "_id": "META20230951",
    "title": "",
    "text": "1 Accounting Policies 5 Financial Instruments 6 Non-marketable Equity Securities 10 Long-term Debt Part II 8 7 Accounting Estimates Annual Report Form 10-K."
}
{
    "_id": "META20230954",
    "title": "",
    "text": "."
}
{
    "_id": "META20230963",
    "title": "",
    "text": "Reports Accounting Firm. 42 Financial Statements Balance Sheets Income Comprehensive Stockholders Equity Cash Flows"
}
{
    "_id": "META20230968",
    "title": "",
    "text": "Stockholders Meta Platforms."
}
{
    "_id": "META20230970",
    "title": "",
    "text": "audited consolidated balance sheets Meta Platforms, Inc. Company December 31, 2023 2022 statements income stockholders' equity cash flows three years notes financial. statements present financial position December 31, 2023 2022 results operations cash flows. accounting principles."
}
{
    "_id": "META20230971",
    "title": "",
    "text": "audited Public Company Accounting Oversight Board control financial reporting December 31, 2023 Internal Control Framework report February 1 2024 unqualified opinion."
}
{
    "_id": "META20230973",
    "title": "",
    "text": "financial statements responsibility Company management. opinion audits. public accounting firm registered PCAOB independent. federal securities laws Securities Exchange Commission PCAOB."
}
{
    "_id": "META20230974",
    "title": "",
    "text": "conducted audits standards PCAOB. standards require plan audit assurance financial statements free misstatement. audits included risks misstatement. procedures included examining evidence amounts disclosures statements. accounting principles estimates management overall presentation. audits provide reasonable basis for opinion."
}
{
    "_id": "META20230977",
    "title": "",
    "text": "critical audit matters from current period audit financial statements communicated to Audit & Risk Oversight Committee relate to accounts disclosures challenging complex judgments. alter opinion on consolidated financial statements not providing separate opinions."
}
{
    "_id": "META20230980",
    "title": "",
    "text": "Description Matter Note 12 consolidated financial statements Company party to legal proceedings claims regulatory inquiries investigations. Company accrues liability loss probable amount estimated. possible loss cases actions inquiries. discloses estimate loss. discloses losses. Auditing accounting disclosure loss contingencies challenging judgment management assessments likelihood loss estimate potential losses."
}
{
    "_id": "META20230982",
    "title": "",
    "text": "Addressed Matter Audit obtained understanding evaluated design tested effectiveness controls identification including Company assessment likelihood loss potential losses. audit procedures included reading meetings board proceedings claims regulatory inquiries investigations requesting confirmation letters meeting obtaining representations management. evaluated disclosures Note 12 consolidated financial statements."
}
{
    "_id": "META20230985",
    "title": "",
    "text": "Note 15 financial statements Company received notices Internal Revenue Service transfer pricing agreements foreign subsidiaries periods. IRS position tax years. additional federal tax liability interest penalties. Company uses judgment tax position merits measure tax benefit. Auditing accounting uncertain tax positions challenging judgment merits tax tax laws legal rulings."
}
{
    "_id": "META20230986",
    "title": "",
    "text": "Addressed Matter Audit obtained understanding evaluated design tested controls Company process assess merits tax positions transfer pricing agreements benefit. audit involved tax professionals. included correspondence tax authorities evaluating opinions requesting confirmation letters. used knowledge international local income tax laws accounting. analyzed assumptions data federal tax liability tested mathematical accuracy calculations. evaluated appropriateness disclosures Note 15 consolidated financial statements."
}
{
    "_id": "META20230988",
    "title": "",
    "text": "served auditor."
}
{
    "_id": "META20230994",
    "title": "",
    "text": "Stockholders Meta Platforms."
}
{
    "_id": "META20230996",
    "title": "",
    "text": "audited Meta Platforms. control financial reporting December 31, 2023 Internal Control – Integrated Framework Treadway COSO criteria. Meta Platforms. maintained control reporting."
}
{
    "_id": "META20230997",
    "title": "",
    "text": "audited Public Company Accounting balance sheets December 2023 2022 income stockholders equity cash flows three years 2023 notes report February 1 2024 unqualified opinion."
}
{
    "_id": "META20230999",
    "title": "",
    "text": "Company management responsible internal control financial reporting assessment's Report. opinion control based audit. public accounting firm registered PCAOB independent U. S. federal securities laws rules Securities and Exchange Commission PCAOB."
}
{
    "_id": "META20231000",
    "title": "",
    "text": "conducted audit PCAOB. standards require plan assurance internal control financial reporting."
}
{
    "_id": "META20231001",
    "title": "",
    "text": "audit included understanding internal control financial reporting risk material weakness testing effectiveness procedures necessary. audit provides basis opinion."
}
{
    "_id": "META20231003",
    "title": "",
    "text": "company internal control over financial reporting assurance reliability financial reporting preparation financial statements for accounting principles. includes policies procedures maintenance of records transactions dispositions assets assurance transactions recorded preparation financial statements receipts expenditures with authorizations management directors prevention of unauthorized acquisition use disposition assets financial statements."
}
{
    "_id": "META20231004",
    "title": "",
    "text": "limitations internal control financial reporting prevent misstatements. projections effectiveness future risk controls compliance policies deteriorate."
}
{
    "_id": "META20231010",
    "title": "",
    "text": "."
}
{
    "_id": "META20231047",
    "title": "",
    "text": "31, Cash Marketable securities Accounts receivable,466 Prepaid expenses assets,345,549 Non equity securities Property equipment lease,673 Intangible assets Goodwill,306 Other assets Liabilities stockholders equity Accounts payable Partners payable lease Accrued expenses,552,026,301 Long-term debt Other liabilities Commitments contingencies Stockholders equity Common stock.million A shares 2,211 2,247 million issued December 2023 2022 4,141 million B 350 million 2023 2022 capital,444 loss,155 earnings,799 stockholders equity liabilities equity"
}
{
    "_id": "META20231049",
    "title": "",
    "text": "Notes Statements."
}
{
    "_id": "META20231051",
    "title": "",
    "text": "."
}
{
    "_id": "META20231073",
    "title": "",
    "text": "Ended December Revenue,609 Costs expenses revenue,249,649 Research development,483,338,655 Marketing sales,301,262,043 General administrative,408 costs expenses,151,665,176 operations,944 Interest before taxes,428,819,284 taxes,330 Net income,098,200,370 Earnings share Class A B stockholders Basic. 19. Weighted-average shares earnings Basic,687,702"
}
{
    "_id": "META20231075",
    "title": "",
    "text": "Notes Statements."
}
{
    "_id": "META20231077",
    "title": "",
    "text": "."
}
{
    "_id": "META20231086",
    "title": "",
    "text": "Ended December Net income,098,200 income foreign currency translation net tax unrealized gain investments net tax(1,653) income,473,363,750"
}
{
    "_id": "META20231088",
    "title": "",
    "text": "Notes Statements."
}
{
    "_id": "META20231090",
    "title": "",
    "text": "."
}
{
    "_id": "META20231116",
    "title": "",
    "text": "A B Stock Balances December 31, 2020 Shares withheld share settlement compensation repurchases loss income December 31, 2021 stock Shares withheld share settlement compensation Share repurchases income December 2022 stock Shares withheld share settlement compensation repurchases Balances December 31, 2023"
}
{
    "_id": "META20231118",
    "title": "",
    "text": "Notes Statements."
}
{
    "_id": "META20231120",
    "title": "",
    "text": "."
}
{
    "_id": "META20231166",
    "title": "",
    "text": "Ended December Cash Net income,098,370 Adjustments Depreciation amortization,178,686 Share compensation,992,164 Deferred income taxes facilities consolidation,432 Data center assets abandonment,341 Changes assets liabilities Accounts receivable Prepaid expenses assets,750 Accounts payable payable Accrued expenses liabilities,352,210 Net cash,113,475,683 Cash flows investing Purchases property equipment,266) debt securities Sales maturities Acquisitions businesses assets investing activities Net cash(7,570) Cash financing Taxes equity awards(7,012)(3,595)(5,515) Repurchases Class A common stock,774) long debt,455 Principal payments leases(1,058)(850)(677) financing activities cash,500)(22,136),728) exchange rate changes cash cash cash,231(1,269)(1,089) Cash,865,954 end Reconciliation cash consolidated balance equivalents,601 Restricted cash prepaid expenses assets Restricted cash Total cash equivalents restricted cash"
}
{
    "_id": "META20231168",
    "title": "",
    "text": "Notes Statements."
}
{
    "_id": "META20231170",
    "title": "",
    "text": "."
}
{
    "_id": "META20231182",
    "title": "",
    "text": "Ended December cash flow Cash taxes#8,525 interest#448 Non-cash investing financing activities Property equipment accrued expenses liabilities,105,319#3,404 Acquisition businesses expenses#119#291#73 assets financing expenses#508 Repurchases Class A common stock expenses liabilities#474#310#340"
}
{
    "_id": "META20231184",
    "title": "",
    "text": "Notes Statements."
}
{
    "_id": "META20231186",
    "title": "",
    "text": "."
}
{
    "_id": "META20231190",
    "title": "",
    "text": "incorporated Delaware July 2004. mission power community world closer. products apps metaverse."
}
{
    "_id": "META20231191",
    "title": "",
    "text": "report financial results segments Family of Apps Reality Labs. information aligns chief business. generate revenue advertising."
}
{
    "_id": "META20231193",
    "title": "",
    "text": "prepared consolidated financial statements. accounting principles. include Meta Platforms. subsidiaries variable entities beneficiary. intercompany balances transactions eliminated."
}
{
    "_id": "META20231195",
    "title": "",
    "text": "consolidated financial statements GAAP requires estimates judgments. estimates assets liabilities. base on historical information assumptions. GAAP requires estimates loss contingencies income taxes long-lived assets non equity securities revenue recognition goodwill credit losses debt securities fair value financial instruments leases. estimates based on knowledge current events regulations expectations future. results differ estimates."
}
{
    "_id": "META20231197",
    "title": "",
    "text": "recognize revenue Accounting Standards) 606 Contracts Customers. control promised goods services transferred customers consideration."
}
{
    "_id": "META20231198",
    "title": "",
    "text": "Sales commissions expensed amortization year. costs recorded marketing sales statements. disclose unsatisfied obligations one year."
}
{
    "_id": "META20231199",
    "title": "",
    "text": "includes sales taxes pass‐through agent."
}
{
    "_id": "META20231201",
    "title": "",
    "text": "Advertising revenue displaying products Facebook Instagram Messenger-party mobile applications. Marketers pay products resellers impressions actions."
}
{
    "_id": "META20231203",
    "title": "",
    "text": "recognize revenue impression-based ads contracted impressions delivered. delivered. revenue action-based ads user action contracted. report advertising"
}
{
    "_id": "META20231205",
    "title": "",
    "text": "revenue gross control advertising inventory before customers. evidenced monetize before."
}
{
    "_id": "META20231206",
    "title": "",
    "text": "revenue from third-parties evaluate principal gross agent net. consider control goods services before customer indicators party responsible fulfillment inventory risk discretion establishing price."
}
{
    "_id": "META20231207",
    "title": "",
    "text": "accept lower consideration revenue transactions customers receive cash incentives credits refunds variable consideration estimating revenue. estimate reduce revenue expected. significant changes estimates."
}
{
    "_id": "META20231209",
    "title": "",
    "text": "RL revenue delivery consumer hardware products Meta Quest wearables software content. Revenue recognized control transferred customers delivery consideration RL."
}
{
    "_id": "META20231211",
    "title": "",
    "text": "WhatsApp Platform fees developers Payments infrastructure sources."
}
{
    "_id": "META20231213",
    "title": "",
    "text": "cost revenue expenses delivery distribution products. data centers technical infrastructure depreciation payroll share compensation energy bandwidth costs. includes partner arrangements traffic acquisition credit card fees RL inventory costs estimated losses content costs."
}
{
    "_id": "META20231215",
    "title": "",
    "text": "content costs related video. pay fees revenue flat fee. licensed video expense cost per title accepted capitalization criteria not met. costs criteria not material."
}
{
    "_id": "META20231216",
    "title": "",
    "text": "licensed music expense fees period. pay fees revenue. Expensed costs revenue consolidated statements."
}
{
    "_id": "META20231218",
    "title": "",
    "text": "Software development costs products marketed external users expensed before technological feasibility before release."
}
{
    "_id": "META20231220",
    "title": "",
    "text": "Software development costs include internal needs services. meet criteria capitalization preliminary project stage probable software function. costs criteria not material to date."
}
{
    "_id": "META20231223",
    "title": "",
    "text": "Share-based compensation expense restricted stock units. measured grant-date fair value. RSUs vest four years. recognized-line forfeitures accounted."
}
{
    "_id": "META20231225",
    "title": "",
    "text": "subject taxes United States foreign jurisdictions. judgment assets liabilities accounting principles tax laws."
}
{
    "_id": "META20231226",
    "title": "",
    "text": "record provision income taxes anticipated asset liability method. deferred income tax assets liabilities differences financial reporting tax bases loss tax credit carryforwards. assets liabilities measured tax rates income. recognize effects change tax rates enactment."
}
{
    "_id": "META20231227",
    "title": "",
    "text": "record valuation allowance deferred tax assets net. consider evidence historical income expectations risks future taxable income planning strategies."
}
{
    "_id": "META20231228",
    "title": "",
    "text": "recognize tax benefits uncertain tax positions sustained technical merits. recognize interest penalties uncertain positions provision income."
}
{
    "_id": "META20231230",
    "title": "",
    "text": "Advertising costs marketing sales expenses. incurred expenses $2. 65. 99 billion 2023 2022 2021."
}
{
    "_id": "META20231232",
    "title": "",
    "text": "recognize-time employee termination costs requirements."
}
{
    "_id": "META20231234",
    "title": "",
    "text": "equivalents deposit liquid investments maturities 90 days purchase. classify credit cards cash balance sheets."
}
{
    "_id": "META20231236",
    "title": "",
    "text": "hold investments securities U. S. government. agency corporate debt.-for-sale (AFS) investments cash operations. investments estimated fair value unrealized gains losses stockholders equity. securities amortized cost assessed credit losses. credit losses recognized charge interest income unrealized losses included equity. credit losses years December 31, 2023 2022 2021 not material. determine gains losses on sale securities"
}
{
    "_id": "META20231238",
    "title": "",
    "text": "gains losses interest income consolidated statements."
}
{
    "_id": "META20231239",
    "title": "",
    "text": "classify restricted cash balances insurance indemnification holdback acquisitions prepaid expenses assets expected duration."
}
{
    "_id": "META20231241",
    "title": "",
    "text": "non equity securities without fair values. using cost less impairment adjusted for changes fair value. review for impairment. fair value below carrying write down to fair value. change value gains losses remeasurements recognized in interest statements. Note 6 Non-marketable Equity Securities."
}
{
    "_id": "META20231242",
    "title": "",
    "text": "non-marketable securities immaterial December 2023 2022."
}
{
    "_id": "META20231244",
    "title": "",
    "text": "apply fair value accounting financial assets liabilities recognized disclosed financial statements. define fair value price selling asset liability transaction market participants measurement date. fair value measurements consider principal market market-based risk measurements valuation techniques transfer restrictions credit risk. Fair value estimated hierarchy prioritizes inputs three levels bases categorization lowest level input significant"
}
{
    "_id": "META20231245",
    "title": "",
    "text": "Quoted prices liabilities."
}
{
    "_id": "META20231246",
    "title": "",
    "text": "Level 2- Observable inputs quoted prices active markets identical inactive markets market data full term assets liabilities."
}
{
    "_id": "META20231247",
    "title": "",
    "text": "Level 3- Inputs unobservable reflect management asset."
}
{
    "_id": "META20231248",
    "title": "",
    "text": "cash equivalents debt securities Level 1 2 fair value derived quoted market prices inputs. assets Level 3 unobservable market activity."
}
{
    "_id": "META20231249",
    "title": "",
    "text": "non-marketable equity securities recorded fair value non-recurring. indicators impairment price changes Level 3 fair value valuation price unobservable inputs volatility rights obligations."
}
{
    "_id": "META20231252",
    "title": "",
    "text": "Accounts receivable recorded original invoiced uncollectible. credit collectibility losses"
}
{
    "_id": "META20231254",
    "title": "",
    "text": "unbilled receivables historical experience credit quality current economic conditions. credit losses recorded expenses consolidated statements income. December 31, 2023 2022 allowances receivable immaterial."
}
{
    "_id": "META20231256",
    "title": "",
    "text": "Property equipment leases depreciated cost depreciation. computed estimated lives lease term."
}
{
    "_id": "META20231263",
    "title": "",
    "text": "lives property equipment amortization periods Property Equipment Servers Five Buildings 30 years Equipment 25 years Finance lease 20 years Leasehold improvements"
}
{
    "_id": "META20231264",
    "title": "",
    "text": "evaluate annually recoverability property equipment impairment. fair value less impairment charge recognized. recorded abandonment charges adjustments 2023 2022 data center construction assets ASC Topic 360 restructuring. additional information Note 3 Restructuring."
}
{
    "_id": "META20231265",
    "title": "",
    "text": "useful lives property equipment determined by management recognized reviewed for. current best may differ due to business operations use technological advancements. estimated useful life remaining accounted for depreciated amortized over revised life."
}
{
    "_id": "META20231266",
    "title": "",
    "text": "Servers network assets property equipment data centers production traffic. Land assets CIP not depreciated. construction property equipment. capitalize debt CIP assets depreciate."
}
{
    "_id": "META20231267",
    "title": "",
    "text": "maintenance repairs expensed incurred. assets retired cost depreciation removed accounts gain reflected income."
}
{
    "_id": "META20231270",
    "title": "",
    "text": "operating leases offices data centers colocations. finance leases network infrastructure. inception. leases lease non-lease components. maintenance utilities taxes fees. single lease. agreements variable costs rent maintenance insurance real estate taxes. affected Consumer Price Index maintenance utilities. costs"
}
{
    "_id": "META20231272",
    "title": "",
    "text": "consolidated statements income. colocation equipment leases portfolio assets liabilities."
}
{
    "_id": "META20231273",
    "title": "",
    "text": "leases term 12 months assets liabilities recognized balance sheets commencement date present value payments commencement."
}
{
    "_id": "META20231274",
    "title": "",
    "text": "lease terms include options extend terminate certain. contract entity market factors. assume renewals unless assured. agreements contain residual value guarantees restrictive covenants."
}
{
    "_id": "META20231275",
    "title": "",
    "text": "leases implicit rate use incremental borrowing rate commencement date present value lease payments. credit rating similar environment."
}
{
    "_id": "META20231276",
    "title": "",
    "text": "Operating leases assets liabilities consolidated balance sheets. Finance leases property equipment accrued expenses liabilities."
}
{
    "_id": "META20231277",
    "title": "",
    "text": "lease costs recognized lease terms. lease assets amortized shorter lives."
}
{
    "_id": "META20231278",
    "title": "",
    "text": "December 2023 2022 losses $2. 43 billion $2. 22 billion assets improvements ASC Topic 360 facilities consolidation restructuring. values assets estimated discounted cash flow models assumptions Level 3. downtime projected income discount rates risk. Note 3."
}
{
    "_id": "META20231280",
    "title": "",
    "text": "involved in legal proceedings claims regulatory tax government inquiries investigations business. include speculative claims for damages. required comply with legal regulatory obligations subject to new laws regulations jurisdictions. requirements uncertain subject to interpretation enforcement failure lead to action. evaluate developments accrue liability when probable loss amount reasonably estimated. If loss record losses as expenses on consolidated statements disclose loss in notes financial statements."
}
{
    "_id": "META20231283",
    "title": "",
    "text": "allocate value purchase consideration assets acquired liabilities estimated acquisition date. excess recorded goodwill. affects amortization expense finite-lived assets amortized life indefinite-lived not amortized. measurement period one year acquisition record adjustments assets acquired liabilities assumed offset goodwill. subsequent adjustments recorded earnings. Acquisition-related expenses recognized expensed incurred."
}
{
    "_id": "META20231286",
    "title": "",
    "text": "allocate goodwill units benefit business combinations. evaluate units annually. reassign goodwill fair value allocation approach. tested impairment unit level annually value. two units impairment testing. December 31, 2023 no impairment."
}
{
    "_id": "META20231287",
    "title": "",
    "text": "evaluate recoverability finite-lived intangible assets impairment. lowest level cash flows independent. Recoverability measured comparison carrying amounts future cash flows. review indicates carrying amount not recoverable fair value less than carrying impairment charge recognized. recorded material impairment charges years."
}
{
    "_id": "META20231288",
    "title": "",
    "text": "finite-lived assets amortized over estimated useful lives. Indefinite-lived not amortized. tested for impairment accounted over useful life. review estimated useful lives. unamortized amortized over revised life."
}
{
    "_id": "META20231290",
    "title": "",
    "text": "subsidiaries local. translate financial statements. dollars revenue expenses. gains losses stockholders equity. December 31, 2023 2022 translation losses $1. 24 billion $1. 86 billion."
}
{
    "_id": "META20231291",
    "title": "",
    "text": "Foreign currency gains losses recorded interest income statements. losses $366 million $81 million $140 million years 2023 2022 2021."
}
{
    "_id": "META20231293",
    "title": "",
    "text": "financial instruments credit risk cash equivalents restricted cash marketable securities accounts receivable. Cash equivalents market funds. government securities. Marketable securities. cash deposits marketable securities diversified rated securities. portfolio corporate debt liquid diversified. credit losses 2023."
}
{
    "_id": "META20231294",
    "title": "",
    "text": "Accounts receivable unsecured. generated 37% 40% 41% revenue 2022 2021 marketers developers majority outside 2023 Europe China Brazil Australia Canada Japan."
}
{
    "_id": "META20231296",
    "title": "",
    "text": "perform credit evaluations require collateral. estimated credit losses bad debt expense"
}
{
    "_id": "META20231298",
    "title": "",
    "text": "31, 2023 2022 2021. accounts results financial."
}
{
    "_id": "META20231299",
    "title": "",
    "text": "customer 10% revenue 2023 2022."
}
{
    "_id": "META20231301",
    "title": "",
    "text": "April 1, 2023 adopted Accounting Standards. 2023-01 Leases Common Control Arrangements leasehold improvements leases life. financial statements."
}
{
    "_id": "META20231303",
    "title": "",
    "text": "November 2023 Financial Accounting Standards Board issued ASU. 2023-07 Segment Reporting Improvements Disclosures enhanced disclosure segment expenses interim. annual December 2024 interim January 1 2025. Early adoption. periods. consolidated financial statements."
}
{
    "_id": "META20231305",
    "title": "",
    "text": "December 2023 FASB issued ASU. 2023-09 Improvements Disclosures improves transparency consistent categories disaggregation tax rate reconciliation. includes amendments. effective December 31, 2025. Early adoption permitted. applied prospectively retrospectively. impact financial statements."
}
{
    "_id": "META20231315",
    "title": "",
    "text": "Revenue disaggregated source segment Ended December Advertising,642 revenue Family Apps,006,450,655 Reality Labs,159,274 revenue,609"
}
{
    "_id": "META20231323",
    "title": "",
    "text": "Revenue disaggregated geography addresses Ended December United States Canada,888,150 Europe,210,057 Asia-Pacific,154,760,739 World,650,018,592 Total revenue,609"
}
{
    "_id": "META20231325",
    "title": "",
    "text": "States revenue $49. $47. 38 2022 2021."
}
{
    "_id": "META20231326",
    "title": "",
    "text": "revenue $13. 59 billion 2023 2022 2021."
}
{
    "_id": "META20231327",
    "title": "",
    "text": "Russia Africa Latin America Middle East."
}
{
    "_id": "META20231329",
    "title": "",
    "text": "deferred revenue $675 million $526 million December 2023. $626 million less."
}
{
    "_id": "META20231333",
    "title": "",
    "text": "March 2023 announced layoffs size 10,000 Family Apps Reality Labs. notified March May. December 31, 2023 completed layoffs. portion headcount 2024. recognized $1. 20 billion pre-tax severance personnel costs December 2023 ASC Topic 420 Cost."
}
{
    "_id": "META20231339",
    "title": "",
    "text": "2023 Restructuring pre-tax charges adjustments severance personnel costs Research development Marketing sales General administrative Total,197"
}
{
    "_id": "META20231341",
    "title": "",
    "text": "Includes $101 million compensation 2023 layoffs."
}
{
    "_id": "META20231342",
    "title": "",
    "text": "2023 Restructuring FoA. billion $96 million."
}
{
    "_id": "META20231348",
    "title": "",
    "text": "summary changes severance personnel liabilities 2023 layoff balance Liabilities January 1, 2023 costs Cash payments Balance December 31, 2023"
}
{
    "_id": "META20231351",
    "title": "",
    "text": "2022 initiated measures efficiency priorities. facilities consolidation office buildings layoff 11,000 next generation data center cancellation projects. December 2023 completed data center initiatives 2022 layoffs facilities consolidation."
}
{
    "_id": "META20231360",
    "title": "",
    "text": "summary 2022 Restructuring pre-tax charges years ended December 31, 2023 2022 adjustments Ended December December 2022 Consolidation Personnel Center Assets Cost revenue#177#1,341#1,495 Research development,311 Marketing sales General administrative Total#2,506#2,255,295#975#1,341#4,611"
}
{
    "_id": "META20231362",
    "title": "",
    "text": "center restructuring charges 2022."
}
{
    "_id": "META20231363",
    "title": "",
    "text": "restructuring FoA $1. 74. 10 billion $516 $515 million 2022."
}
{
    "_id": "META20231373",
    "title": "",
    "text": "severance personnel liabilities 2022 layoff balance Liabilities January 1 2022 costs Cash payments December 31, 2022 Adjustments foreign exchange payments December 31, 2023"
}
{
    "_id": "META20231376",
    "title": "",
    "text": "compute earnings A B common stock two-class method. liquidation dividend rights identical undistributed earnings allocated shares."
}
{
    "_id": "META20231377",
    "title": "",
    "text": "EPS computed income shares Class A B common stock. diluted adjusted dilutive securities Equity Incentive Plan."
}
{
    "_id": "META20231378",
    "title": "",
    "text": "diluted EPS Class A stock assumes conversion B diluted EPS B conversion. Diluted EPS computed net income by diluted shares."
}
{
    "_id": "META20231379",
    "title": "",
    "text": "2023 2022 16 million 95 million shares Class A RSUs excluded EPS anti-dilutive effect. December 2021."
}
{
    "_id": "META20231380",
    "title": "",
    "text": "diluted EPS common stock liquidation dividend."
}
{
    "_id": "META20231403",
    "title": "",
    "text": "numerators denominators basic diluted EPS computations common stock calculated millions per share Ended December 31, Basic EPS Net income,722,376,729,328 Shares basic earnings share,220######354,285######402 Basic EPS.Diluted EPS Net income,722,376,729,328 conversion Class B A common stock B stock Net income diluted EPS#39,098#5,264,200#3,452,370 Shares basic earnings per share Conversion Class B A common stock Weighted-average effect dilutive RSUs Shares diluted earnings per share Diluted EPS."
}
{
    "_id": "META20231407",
    "title": "",
    "text": "classify cash equivalents debt securities Level 1 2 market prices inputs fair value. assets Level 3 unobservable market activity."
}
{
    "_id": "META20231426",
    "title": "",
    "text": "tables summarize assets value Value Measurement Reporting Date 31, 2023 Prices Markets Assets 1) Inputs 2) Unobservable Inputs 3) equivalents Money market funds,910. government agency securities Time deposits Corporate debt securities cash equivalents Marketable securities. securities. Corporate debt securities marketable securities Restricted cash equivalents Other assets"
}
{
    "_id": "META20231445",
    "title": "",
    "text": "Value Measurement 31, 2022 Prices Markets Assets 1) Inputs Unobservable Inputs 3) equivalents Money market funds. government securities Time deposits Corporate debt securities cash equivalents Marketable securities. securities. Corporate debt equity securities securities Restricted cash equivalents Other assets,478"
}
{
    "_id": "META20231461",
    "title": "",
    "text": "tables summarize debt securities cash equivalents unrealized losses December 31, 2023 2022 by security type length continuous loss position 31, 2023 than 12 months greater Losses U. government securities,041,377. government agency securities Corporate debt securities Total,391 31, 2022 than 12 months Losses U. government securities#5,008#8,507(481.agency securities Corporate debt securities(883)#10,087(500,170,189,257(1,689)"
}
{
    "_id": "META20231463",
    "title": "",
    "text": "decrease losses 2023 shorter portfolio duration. credit losses gains debt securities December 2023."
}
{
    "_id": "META20231470",
    "title": "",
    "text": "table marketable debt securities maturities 31, 2023,120 five years"
}
{
    "_id": "META20231472",
    "title": "",
    "text": "non-marketable equity securities value Level 3 unobservable inputs. Assets remeasured 3 2023 2022 $53 million $198 million. Note 6 Non-marketable Equity Securities."
}
{
    "_id": "META20231483",
    "title": "",
    "text": "non equity securities companies without values. table summarizes measured alternative equity method securities alternative Initial cost,389 upward adjustments adjustments Carrying value,184 equity method Total,141,201"
}
{
    "_id": "META20231485",
    "title": "",
    "text": "2023 2022 2021 non-marketable equity securities $101 million $447 million."
}
{
    "_id": "META20231500",
    "title": "",
    "text": "Property equipment net 31, Land Servers network assets,330 Buildings,720 Leasehold improvements Equipment Finance-use,353 Construction,052 Property gross Accumulated depreciation,134 net,587"
}
{
    "_id": "META20231501",
    "title": "",
    "text": "Construction data centers infrastructure servers. December 2023 2022 $1. 40 billion $2. 18 billion servers network."
}
{
    "_id": "META20231502",
    "title": "",
    "text": "Depreciation property equipment $11. $8. 50 $7. billion 2023 2022 2021. servers network $7. 32 $5. 29 $4. 94 billion. capitalized $283 million interest."
}
{
    "_id": "META20231503",
    "title": "",
    "text": "2023 2022 $671 million $508 million losses leasehold restructuring. Note 3 Restructuring."
}
{
    "_id": "META20231505",
    "title": "",
    "text": "entered agreements offices data centers colocations. finance lease network infrastructure. leases 2024 2093. options renew."
}
{
    "_id": "META20231515",
    "title": "",
    "text": "lease costs Ended December Finance lease cost Amortization right-use Interest Operating lease cost Variable lease Total lease cost,171"
}
{
    "_id": "META20231517",
    "title": "",
    "text": "recorded $1. 76 billion $1. 71 billion losses 2023 2022. Note 3 Restructuring."
}
{
    "_id": "META20231526",
    "title": "",
    "text": "balance lease liabilities lease term Finance leases. 4 Operating leases. 6. 5 years discount rate Finance. Operating leases."
}
{
    "_id": "META20231540",
    "title": "",
    "text": "schedule lease liabilities December 31, 2023 Leases 2024,219 2025 2026,264 2027,233 2028,112,491 undiscounted cash flows,649 Imputed interest,800) lease liabilities,849 non-current,226,849"
}
{
    "_id": "META20231542",
    "title": "",
    "text": "Lease liabilities consolidation. Note 3 Restructuring."
}
{
    "_id": "META20231544",
    "title": "",
    "text": "lease payments. December 2023 additional leases obligations $7. 07 billion $1. 37 billion data centers colocations network infrastructure. 2024 2028 30 years."
}
{
    "_id": "META20231555",
    "title": "",
    "text": "cash flow leases Ended December Cash lease liabilities Operating cash flows leases#2,233#1,654#1,406 finance leases leases#1,058#677 Lease liabilities right-of-use assets Operating leases#4,370,366 Finance leases#223"
}
{
    "_id": "META20231557",
    "title": "",
    "text": "Cash flows leases December 2023 terminations."
}
{
    "_id": "META20231559",
    "title": "",
    "text": "December 31, 2023 completed acquisitions $467 million cash $88 million $352 million intangible assets goodwill. Goodwill synergies monetization opportunities. deductible tax not. costs immaterial expensed incurred. results significant consolidated financial statements. included results financial statements."
}
{
    "_id": "META20231569",
    "title": "",
    "text": "Changes goodwill 2023 2022 Apps Labs Goodwill December 31, 2021,458,197 Acquisitions,137 Adjustments December 2022,250,306 Acquisitions Adjustments December 31, 2023,246,654"
}
{
    "_id": "META20231579",
    "title": "",
    "text": "table major categories intangible assets weighted-average useful lives 31, 31, 2022-Average Useful Lives years Carrying Amount Amortization Acquired technology. Acquired patents. Total finite-lived Total indefinite-lived assets Total intangible assets#1,218#788,355#897"
}
{
    "_id": "META20231580",
    "title": "",
    "text": "2023 2022 2021 $161 $185 $407 million."
}
{
    "_id": "META20231589",
    "title": "",
    "text": "December 2023 unamortized finite-lived assets five years 2024 2025 2026 2027 2028"
}
{
    "_id": "META20231607",
    "title": "",
    "text": "December 31, 2023 $18. 50 billion fixed-rate unsecured notes $10. billion August 2022 $8. 50 billion May 2023. table summarizes debt 31, 2023 2022 debt 2027. 50%. 63%. 45%. 65%. 71% May 2023 debt 2028. 60%. 68%. 80%. 95%. 64%. 75%. 79% long debt,500 Unamortized discount issuance costs"
}
{
    "_id": "META20231608",
    "title": "",
    "text": "Notes rank equally. Interest payable semi-annually. redeem redemption prices. subject financial covenants. Interest expense $420 million $160 million years 2023 2022."
}
{
    "_id": "META20231609",
    "title": "",
    "text": "debt $18. 48 billion $8. 63 billion December 2023 2022. closing price $100 Level 2."
}
{
    "_id": "META20231616",
    "title": "",
    "text": "December 2023 payments Notes 2024 2026,750 2028,500,250 debt,500"
}
{
    "_id": "META20231627",
    "title": "",
    "text": "accrued expenses liabilities 31, Legal-related accruals compensation benefits property equipment,921 taxes current liabilities expenses liabilities#24,625,552"
}
{
    "_id": "META20231629",
    "title": "",
    "text": "accruals fines settlements losses fees. Note 12 Commitments Contingencies."
}
{
    "_id": "META20231635",
    "title": "",
    "text": "components liabilities millions): 31, Income tax payable non-current liabilities,119,884"
}
{
    "_id": "META20231645",
    "title": "",
    "text": "$16. 49 billion non-cancelable commitments December 31, 2023 servers network Reality Labs. schedule 2024 2025,152 2026 2027 2028,470,489"
}
{
    "_id": "META20231647",
    "title": "",
    "text": "entered multi-year agreements renewable energy volume server components price. volume price. estimated spend renewable energy agreements December 31, 2023 $15. 12 billion majority due beyond five years. ultimate spend volume purchased."
}
{
    "_id": "META20231650",
    "title": "",
    "text": "cases actions inquiries evaluate developments accrue liability when loss probable amount estimated. reasonable possibility may incur loss in some matters. matters estimate loss loss or not individually material reasonable possibility may be material aggregate."
}
{
    "_id": "META20231651",
    "title": "",
    "text": "party to legal proceedings claims regulatory tax government inquiries investigations in business. required to comply with legal regulatory obligations. requirements uncertain subject to interpretation enforcement authorities failure could lead to legal regulatory action. evaluate developments accrue liability when loss probable amount reasonably estimated. reasonable possibility may incur loss in other matters. losses adverse effect on business financial statements."
}
{
    "_id": "META20231652",
    "title": "",
    "text": "ultimate outcome of legal matters likelihood of loss possible probable loss estimable uncertain. if matters resolved against us management's estimates loss results operations financial condition period could affected."
}
{
    "_id": "META20231653",
    "title": "",
    "text": "tax Note 15."
}
{
    "_id": "META20231656",
    "title": "",
    "text": "March 20, 2018 class actions filed courts against us directors officers platform user data practices misuse data damages relief. consumer protection privacy cases consolidated. District Court Northern District California Facebook. Consumer Privacy Litigation. September 9, 2019 court denied motion dismiss class action. December 22, 2022 settlement agreement payment $725 million. approved October 10, 2023 payment made November 2023. platform user data practices misuse. Federal Trade Commission state attorneys general government inquiries. settlement consent order FTC inquiry April 2020. penalty $5. 0 billion 2020. state attorneys general inquiry government inquiries. July 16, 2021 stockholder derivative action filed Delaware Court Chancery against directors officers breach fiduciary duty platform data practices settlement.July 20, 2021 stockholders complaint Delaware breach fiduciary duty directors officers. November 4, 2021 plaintiffs second complaint. Facebook. January 19, 2022 motion dismiss denied May 10, 2023. insider trading dismissed Zuckerberg denied fiduciary duty."
}
{
    "_id": "META20231658",
    "title": "",
    "text": "May 3, 2023 FTC filed proceeding Facebook. changes modified consent order effect April 2020. District Court. changes prohibition minors' data changes board directors limitations modify launch new products. May 31, 2023 filed motion. Court. Facebook. enjoin FTC order. November 27, 2023 district court denied motion appealed. Court Appeals. Facebook. stay FTC proceeding pending resolution. January 12, 2024 court denied motion January 25, 2024 filed motion stay appeal. November 29, 2023 filed complaint. Platforms. constitutional challenges structure FTC enjoin FTC proceeding. December 13, 2023 FTC injunction dismiss complaint. argument enjoin March 1, 2024. not response due March 15, 2024 FTC amend order additional requirements.opportunity appeal FTC decision request appellate court stay enforcement. unclear appeal stay successful."
}
{
    "_id": "META20231659",
    "title": "",
    "text": "notify Irish Data Protection Commission regulator personal data breaches privacy issues subject inquiries investigations regulators. May 12, 2023 IDPC Final Decision Meta Platforms Ireland Clauses Facebook data GDPR. issued fine EUR €1. 2 billion corrective orders \"Legal Proceedings Part I Item 3 Annual Report Form 10-K. interpretation GDPR evolving decisions Court of Justice draft decisions IDPC European regulators lead changes outcome. interpretation enforcement GDPR penalties non-compliance uncertainty. defending regulatory compliance accrued loss contingencies inquiries investigations additional accruals losses material."
}
{
    "_id": "META20231660",
    "title": "",
    "text": "February 14 2022 Texas lawsuit. Meta Platforms. facial recognition Deceptive Trade Practices-Consumer Protection Act seeking damages relief. trial June 2024."
}
{
    "_id": "META20231661",
    "title": "",
    "text": "June 7, 2021 class actions filed information laws damages relief Meta Pixel Healthcare Litigation Tax Cases Frasco. Flo Health. Doe. Favor. GoodRx Holdings. Northern District California Rickwalder. Meta Platforms. California Supreme Court."
}
{
    "_id": "META20231664",
    "title": "",
    "text": "subject inquiries competition United States Europe. social networking digital advertising mobile applications acquisitions. 2019 antitrust investigations FTC U. S. Department Justice. December 9, 2020 FTC complaint. Meta Platforms. District Columbia anticompetitive conduct unfair Section 5 Federal Trade Commission Act Section 2"
}
{
    "_id": "META20231666",
    "title": "",
    "text": "Sherman Act Instagram 2012 WhatsApp 2014 maintaining conditions access. FTC sought injunction violations antitrust relief divestiture Instagram WhatsApp. June 28, 2021 court granted dismiss leave amend. August 19, 2021 amended complaint October 4, 2021 motion dismiss. January 11, 2022 court denied. class actions filed Kingdom violations antitrust anticompetitive damages injunctive relief. cases consolidated. District Court Northern District California. Meta Platforms. January 14, 2022 court denied motion dismiss actions. March 1, 2022 amended complaint filed action. December 6, 2022 denied. December 2022 European Commission Statement Objections Facebook Marketplace competition rules."
}
{
    "_id": "META20231668",
    "title": "",
    "text": "March 20, 2018 actions filed against us directors officers securities laws fiduciary duties platform user data practices misuse data seeking damages relief. July 27, 2018 two class actions filed federal against directors officers securities laws earnings results second quarter 2018 damages. actions consolidated. District Court Northern District California Facebook, Inc. Securities Litigation class action platform data practices. 2019 2020 district court granted dismiss claims. January 17, 2022 appeal October 18, 2023. Court Appeals Ninth Circuit."
}
{
    "_id": "META20231669",
    "title": "",
    "text": "subject government inquiries business disclosure practices. September 2021 former employee allegations documents algorithms advertising metrics content enforcement misinformation undesirable activity user well-being. additional requests. October 27, 2021 class actions filed. District Court Northern District California directors securities laws breach fiduciary duties damages. Ohio Pub. Meta Platforms,."
}
{
    "_id": "META20231670",
    "title": "",
    "text": "March 8 2022 class action. Northern California directors earnings fourth quarter 2021 damages Steamfitters. Meta Platforms. July 18 2023 dismissed Meta amend. September 18 2023 plaintiffs amended complaint."
}
{
    "_id": "META20231673",
    "title": "",
    "text": "January 2022 federal state courts Facebook Instagram media addiction under 18 mental health harms. class actions filed States Canada school districts municipalities state filed nuisance claims. October 6, 2022 federal cases. District Court Northern District California"
}
{
    "_id": "META20231675",
    "title": "",
    "text": "Addiction Product Liability Injury Litigation. October 13, 2023 Los Angeles Superior Court overruled plaintiff claims. states filed lawsuits. Children's Online Privacy Protection Act state consumer protection unfair business practices products liability harms under 18. lawsuits seek damages injunctive relief state attorneys. District Court Northern District California state courts. subject government investigations regulators products mental health safety impacts younger."
}
{
    "_id": "META20231677",
    "title": "",
    "text": "August 15, 2018 class actions filed demand prices. cases consolidated. District Northern California. Facebook. damages relief. 2019 2021 2022 dismissed permitted fraud unfair competition. March 29, 2022 granted class certification. June 21, 2022. Appeals Ninth Circuit granted September 12, 2023. case stayed appeal."
}
{
    "_id": "META20231678",
    "title": "",
    "text": "July 7, 2023 class actions filed. Northern District California. Meta Platforms. Chabon. Southern District New York. Meta Platforms. transferred. Northern District California copyrighted books materials artificial seeking damages injunctive relief."
}
{
    "_id": "META20231679",
    "title": "",
    "text": "subject to litigation law enforcement regulatory agencies Brazil Russia Europe legal obligations disclose user information. instances resulted fines penalties against. multiple legal grounds to satisfy prevail fines intend defend fines."
}
{
    "_id": "META20231681",
    "title": "",
    "text": "indemnify parties. hold harmless losses breach representations covenants intellectual property infringement claims. agreements limit time indemnification claim amount. indemnification agreements officers directors employees certificate incorporation bylaws obligations."
}
{
    "_id": "META20231683",
    "title": "",
    "text": "possible determine maximum amount indemnification agreements limited history unique facts circumstances. payments financial statements. December 31, 2023 material loss indemnification. recorded liability costs indemnification through December 2023."
}
{
    "_id": "META20231687",
    "title": "",
    "text": "certificate incorporation authorizes issuance Class A B. December 31, 2023 authorized issue million shares A 4,141 million B par value $0. 000006 per share. Holders A entitled dividends declared board directors. Class A one vote B ten votes. Shares Class B common stock convertible into Class A stock convert A transfer. referred common stock financial statements."
}
{
    "_id": "META20231688",
    "title": "",
    "text": "December 2023 2,211 million A 350 million B."
}
{
    "_id": "META20231691",
    "title": "",
    "text": "board repurchase Class A 2017. December 2022 $10. 87 billion. 2023 $40 billion. retired 92 million shares $20. 03 billion 1% excise tax Inflation Reduction Act 2022. December 2023 $30. 93 billion. January 2024 $50 billion."
}
{
    "_id": "META20231692",
    "title": "",
    "text": "timing shares price business market conditions investment opportunities. market privately transactions trading plans Rule 10b5-1 Securities Exchange Act 1934."
}
{
    "_id": "META20231694",
    "title": "",
    "text": "February 1 2024 cash dividend program. $0. 50 $2. dividend paid March 26, 2024 holders February 22, 2024."
}
{
    "_id": "META20231695",
    "title": "",
    "text": "funds future declaration board intend quarterly dividend common stock. payment future dividends discretion board financial condition operating results cash needs."
}
{
    "_id": "META20231697",
    "title": "",
    "text": "active 2012 Equity Incentive Plan amended June 2022. stock options restricted awards appreciation rights RSUs performance shares bonuses employees directors consultants. Shares withheld forfeited added reserves."
}
{
    "_id": "META20231699",
    "title": "",
    "text": "March 1 2023 Plan 425 million December 2022 amendment. December 31, 2023 494 million Class A."
}
{
    "_id": "META20231708",
    "title": "",
    "text": "table summarizes share-based compensation expense line statements Ended December revenue Research development,429,361,106 Marketing sales General administrative compensation expense,027,992,164"
}
{
    "_id": "META20231716",
    "title": "",
    "text": "table unvested RSUs 2023 Shares Value Unvested 2022,110. 93 Granted. 46 Vested. 74 Forfeited. 39 Unvested 2023,062."
}
{
    "_id": "META20231717",
    "title": "",
    "text": "-average grant RSUs 2022 2021 $195. $305. vesting dates 2023 2021 $17. $9. 44 $14. 42 billion. income tax benefit $3. 65 billion $2. $3. billion."
}
{
    "_id": "META20231718",
    "title": "",
    "text": "December 2023 $29. 46 billion unrecognized compensation expense RSU awards. three years."
}
{
    "_id": "META20231728",
    "title": "",
    "text": "table interest income Ended December 31, Interest income#461 Interest expense Foreign currency losses(81 Other income(150) Interest income net#677#531"
}
{
    "_id": "META20231736",
    "title": "",
    "text": "components income before taxes Ended December 31, Domestic,025,669 Foreign,794,615 Income taxes,428,819,284"
}
{
    "_id": "META20231750",
    "title": "",
    "text": "income taxes Ended December 31, Federal State Foreign,688 tax expense,896,305 Deferred Federal,776) State Foreign deferred tax,277) income taxes,330#5,619#7,914"
}
{
    "_id": "META20231762",
    "title": "",
    "text": "reconciliation U. federal income tax rates effective tax rate Ended December. federal statutory income tax rate. State income taxes net federal benefit. Share-based compensation. Research development tax credits. Foreign-derived intangible income deduction. non-U. operations. Effective tax rate."
}
{
    "_id": "META20231783",
    "title": "",
    "text": "deferred tax Loss carryforwards Tax credit Share compensation Accrued expenses liabilities Lease liabilities research development Unrealized losses securities deferred tax assets,290 valuation allowance,493),797 Depreciation amortization,320,296 Right-of-use assets,708 liabilities,851) Net"
}
{
    "_id": "META20231784",
    "title": "",
    "text": "valuation allowance $2. 88 billion. 49 billion December 2023 2022. tax carryforwards. tax credits unrealized losses attributes."
}
{
    "_id": "META20231785",
    "title": "",
    "text": "2023. state loss $200 million $2. 78 billion 2035 2031. federal tax credit $490 million 2029 state $4. 08 billion."
}
{
    "_id": "META20231786",
    "title": "",
    "text": "net operating loss tax credit carryforwards limitations ownership change Internal Revenue Code state provisions. limitations before. changes stock ownership change 50% three‐year period."
}
{
    "_id": "META20231796",
    "title": "",
    "text": "table reflects unrecognized tax benefits Ended December 31, benefits beginning period,757,692 Increases prior year positions Decreases(172)(86) Increases current positions,166 Decreases settlements(90) end period,666,757"
}
{
    "_id": "META20231798",
    "title": "",
    "text": "unrecognized tax benefits accrued transfer foreign subsidiaries research tax credits. recognized interest penalties. penalties accrued December 2023 2022 2021 $1. 48 billion $1. 07 billion $960 million."
}
{
    "_id": "META20231799",
    "title": "",
    "text": "tax benefits $11. 67 billion December 31, 2023 $7. 33 billion."
}
{
    "_id": "META20231800",
    "title": "",
    "text": "subject taxation United States jurisdictions. Ireland. examination Revenue 2017 2019 years. 2014 2016 IRS Independent Office Appeals unresolved issues. 2020 open Irish Revenue Commissioners."
}
{
    "_id": "META20231801",
    "title": "",
    "text": "July 2016, received Statutory Notice Deficiency IRS transfer pricing foreign subsidiaries 2010 tax year. applies 2010 tax year years 2010. IRS filed petition Tax Court challenging Notice. January 15, 2020 IRS amendment filed assert adjustment higher. first session trial March 2020 final August 2022. expect Tax Court opinion 2024. IRS prevails additional federal tax liability $9. 0 billion. return interest penalties."
}
{
    "_id": "META20231802",
    "title": "",
    "text": "March 2018 received second Notice IRS 2011 2013 tax years. applied position proposed adjustments transfer pricing foreign subsidiaries tax credits. additional federal tax liability $680 million filed U. returns interest penalties. IRS filed petition Tax Court challenging."
}
{
    "_id": "META20231803",
    "title": "",
    "text": "accrued tax benefit ASC lower federal tax liability IRS Notices Pretrial Memorandum. IRS transfer additional tax offset reduction transition tax foreign earnings 2017 Tax Cuts Jobs Act. December 31, 2023 resolved proceedings continue Tax Court."
}
{
    "_id": "META20231805",
    "title": "",
    "text": "adequate amounts reserved ASC 740 for adjustments income taxes examinations. timing resolution settlement closure audits uncertain possible balance unrecognized tax benefits change next 12 months. years unable estimate adjustments. tax authorities prevail tax tax interest penalties financial position results cash flows."
}
{
    "_id": "META20231808",
    "title": "",
    "text": "financial Family Apps Reality Labs. FoA Facebook Instagram. RL augmented virtual reality hardware software content. operating."
}
{
    "_id": "META20231809",
    "title": "",
    "text": "chief executive officer allocates resources assesses performance segment revenue income. evaluate asset liability information."
}
{
    "_id": "META20231810",
    "title": "",
    "text": "Revenue costs expenses attributed to segments. include product development partnership consumer hardware content legal severance. Indirect costs allocated significant performance. Indirect revenue allocated usage data centers technical infrastructure. Indirect operating expenses research recruiting security restructuring allocated headcount."
}
{
    "_id": "META20231821",
    "title": "",
    "text": "table revenue operations Ended December Revenue Family Apps,006,450,655 Reality Labs,159,274 revenue,609 Income operations#62,871,661 Reality Labs,120),717),193) income operations#46,751,944"
}
{
    "_id": "META20231822",
    "title": "",
    "text": "disaggregated Note 2."
}
{
    "_id": "META20231828",
    "title": "",
    "text": "table long-lived assets geographic area property equipment lease-use 31, United States,334 Rest world long-lived assets,191"
}
{
    "_id": "META20231831",
    "title": "",
    "text": "country exceeded 10% long assets period."
}
{
    "_id": "META20231834",
    "title": "",
    "text": "."
}
{
    "_id": "META20231837",
    "title": "",
    "text": "management evaluated disclosure controls procedures Rules 13a- 15(e 15d- 15(e) Securities Exchange Act 1934 Annual Report Form 10-K. CFO concluded December 31, 2023 disclosure controls procedures reasonable assurance information Exchange Act recorded processed summarized reported periods rules Securities and Exchange Commission information accumulated communicated to management timely decisions."
}
{
    "_id": "META20231839",
    "title": "",
    "text": "management internal control financial reporting Rule 13a-15(f Exchange Act. Internal Control—Integrated Framework Committee Sponsoring Organizations Treadway Commission. concluded control effective December 31, 2023 reliability statements U. S. GAAP. Ernst & Young LLP audit report Part II Item 8 Annual Report Form 10-K."
}
{
    "_id": "META20231841",
    "title": "",
    "text": "no changes control financial reporting evaluation Rules 13a-15(d 15d-15 Exchange Act fourth quarter 2023."
}
{
    "_id": "META20231842",
    "title": "",
    "text": "Controls Procedures Financial Reporting"
}
{
    "_id": "META20231843",
    "title": "",
    "text": "designing evaluating disclosure controls internal control financial reporting management recognizes reasonable assurance achieving desired control objectives. design reflect resource constraints management judgment evaluating benefits costs."
}
{
    "_id": "META20231846",
    "title": "",
    "text": "November 30, 2023 Jennifer Newstead Chief Legal Officer trading plan Rule 10b5-1(c Securities Exchange Act 1934. sale 10,968 shares Class A common stock received. equity awards future shares withheld income tax remittance. May 13, 2025 early termination."
}
{
    "_id": "META20231849",
    "title": "",
    "text": "."
}
{
    "_id": "META20231852",
    "title": "",
    "text": "Proxy Statement 2024 Annual Meeting filed SEC 120 fiscal year 2023."
}
{
    "_id": "META20231853",
    "title": "",
    "text": "board adopted Code Conduct officers directors employees available website. Governance. satisfy disclosure Item. Form 8-K amendment Code Conduct posting information website."
}
{
    "_id": "META20231855",
    "title": "",
    "text": "Proxy Statement 2024 Annual Meeting filed SEC 120 fiscal year 2023."
}
{
    "_id": "META20231856",
    "title": "",
    "text": "Ownership Owners Stockholder"
}
{
    "_id": "META20231857",
    "title": "",
    "text": "Proxy Statement 2024 Annual Meeting filed SEC 120 fiscal year 2023."
}
{
    "_id": "META20231859",
    "title": "",
    "text": "Proxy Statement 2024 Annual Meeting filed SEC 120 fiscal year 2023."
}
{
    "_id": "META20231862",
    "title": "",
    "text": "Proxy Statement 2024 Annual Meeting filed SEC 120 fiscal year 2023."
}
{
    "_id": "META20231865",
    "title": "",
    "text": "filed documents 10-K"
}
{
    "_id": "META20231873",
    "title": "",
    "text": ". Financial Statements Reports Accounting Firm. 42 Balance Sheets Income Stockholders Equity Cash Flows"
}
{
    "_id": "META20231876",
    "title": "",
    "text": "schedules omitted not required applicable submission required information included."
}
{
    "_id": "META20231893",
    "title": "",
    "text": "Reference Description. Date. Restated Certificate Incorporation. 28, 2021. Restated Bylaws. Class A Common Stock Certificate. 3 2022. Class B Common Stock Certificate. August 9 2022 Meta Platforms. Bank Trust Company trustee. Supplemental Indenture Meta Platforms. Bank Trust. Supplemental Indenture May 3, 2023 Meta Platforms. Bank Trust Company trustee. 2023. Registrant's Capital Stock. Indemnification Agreement. 15 2019. Equity Incentive Plan amended. 2 2023. Amendment 2012 Equity Incentive Plan.. 2 2023. Equity Incentive Plan agreements. 31, 2012. Incentive Plan agreements. 4 2017"
}
{
    "_id": "META20231920",
    "title": "",
    "text": "Exhibit Reference Number Description No. Date.(E Equity Incentive Plan forms award agreements Forms. 27, 2017. 2(F Equity Incentive Plan award agreements. 26, 2018.(G. 31, 2019.(H. 25, 2019.(I. 30, 2020.(J Plan award agreements. 29, 2021.(K Plan forms agreements. 28, 2022. 2(L Equity Incentive Plan forms award agreements. 27, 2023. Restated Bonus Plan January 1, 2023. 26, 2023.Restated Offer Letter January 27, 2012, Mark Zuckerberg. 2012. June 5 2020 Christopher. Cox. 2021. December 22, 2022 Javier Olivan. 2023. March 14 2022 Andrew Bosworth. November 1 2022 Susan Li. Executive Officer Offer Letter. 25 2019. Compensation Policy. 2023. Compensation Plan Non-Employee Directors. 2 2023. Agreement March 14 2021 Mark Zuckerberg. 29, 2021. Subsidiaries. Accounting Firm. Mark Zuckerberg Chief Executive Officer Rule Sarbanes-Oxley Act 2002.Susan Li Rule 302 Sarbanes-Oxley Act 2002. Mark Zuckerberg 18. Section 1350 906 Sarbanes-Oxley Act 2002."
}
{
    "_id": "META20231932",
    "title": "",
    "text": "Reference. Date. Susan Li Chief Financial Officer 18 U. S. Section 1350 Section 906 Sarbanes-Oxley Act 2002. Recoupment Policy. XBRL Instance Document Interactive Data File tags. XBRL Taxonomy Extension Schema. Extension Calculation. Definition Extension Taxonomy Extension Presentation. Page Interactive Data File XBRL Exhibit 101."
}
{
    "_id": "META20231934",
    "title": "",
    "text": "Indicates management contract compensatory plan. certification not filed 18 Securities Exchange Act 1934 liability incorporated Securities Act 1933."
}
{
    "_id": "META20231937",
    "title": "",
    "text": "."
}
{
    "_id": "META20231945",
    "title": "",
    "text": "13 Securities Exchange Act 1934 Registrant Annual Report Form 10-K Menlo Park California February 2024. PLATFORMS. 1 2024 Susan Li Financial Officer"
}
{
    "_id": "META20231948",
    "title": "",
    "text": "KNOW ALL PERSONS PRESENTS each person signature below Susan Li Katherine R. Kelly true lawful attorneys-in-fact agents full power substitution resubstitution name sign amendments Annual Report Form 10-K file exhibits documents Securities Exchange Commission granting attorneys agents full power authority do perform act requisite necessary ratifying confirming attorneys-in-fact agents substitute lawfully do cause."
}
{
    "_id": "META20231972",
    "title": "",
    "text": "Securities Exchange Act 1934 Annual Report Form 10-K signed Registrant dates Signature Mark Zuckerberg Chair Chief Executive Officer 1 2024 Susan Li Financial Officer 1 Aaron Anderson Accounting Officer Peggy Alford 1 Marc L. Andreessen. Andrew W. Houston. Nancy Killefer Robert M. Kimmitt. Sheryl K. Sandberg. Tracey T. Travis 1. Tony Xu 1 2024"
}
{
    "_id": "UNH20230005",
    "title": "",
    "text": "terms Group report UnitedHealth Group Incorporated subsidiaries."
}
{
    "_id": "UNH20230006",
    "title": "",
    "text": "UnitedHealth Group health care healthier health system. businesses Optum UnitedHealthcare modern high-performing health system improved access affordability outcomes experiences."
}
{
    "_id": "UNH20230007",
    "title": "",
    "text": "data health care expertise patients consumers providers communities governments innovative products offerings challenges."
}
{
    "_id": "UNH20230008",
    "title": "",
    "text": "Optum-performing value-oriented connected health care. clinical expertise technology data affordable whole-person health experience personalized evidence-based care. serves marketplace patients consumers payers providers employers governments life sciences companies Health Insight Rx. quality costs experience data pharmacy operations financial services."
}
{
    "_id": "UNH20230009",
    "title": "",
    "text": "UnitedHealthcare health benefits. Employer Individual serves consumers employers multi-site. Medicare Retirement seniors Medicare consumers. Community State serves economically disadvantaged medically underserved without employer sponsored health."
}
{
    "_id": "UNH20230014",
    "title": "",
    "text": "four segments Health Insight Rx Employer Medicare Retirement Community State."
}
{
    "_id": "UNH20230021",
    "title": "",
    "text": "Optum technology health services business health care marketplace patients information resources products engagement improve health goals experience personalized comprehensive settings in-home virtually. physicians hospitals pharmacies health system reduce administrative burden best care outcomes lower costs. outcomes clinical expertise data understand treat prevent health conditions evidence-based care. consumers employers health plans state federal municipal agencies high-quality care health equity. life sciences organizations effective approaches health outcomes."
}
{
    "_id": "UNH20230025",
    "title": "",
    "text": "Optum three segments population health operations data analytics pharmacy Health management financial Insight data analytics research consulting technology Rx pharmacy."
}
{
    "_id": "UNH20230027",
    "title": "",
    "text": "Optum Health provides comprehensive patient-centered care-being 103 million consumers 100 partners. settings clinical in-home virtual. delivers primary specialty surgical urgent care chronic needs post-acute digital technologies financial services. works with patients consumers providers employers payers public-sector entities high quality accessible equitable care improved outcomes reduced cost. fee-for-service performance-based."
}
{
    "_id": "UNH20230028",
    "title": "",
    "text": "Optum Health include accountable value-based arrangements health care costs monthly premium. administrative fee monthly fee fee-for-service products contracted fee."
}
{
    "_id": "UNH20230029",
    "title": "",
    "text": "Optum Financial serves 24 million accounts $22 billion assets December 2023. digital payment financing systems card solutions. charges fees earns income funds."
}
{
    "_id": "UNH20230030",
    "title": "",
    "text": "Optum Health sells products collaborations producers employers payers plans administrators carriers intermediaries public entities. Departments Veterans Affairs Defense federal agencies."
}
{
    "_id": "UNH20230032",
    "title": "",
    "text": "Optum Insight connects health care platforms administrative financial processes. Hospital systems physicians health plans public entities life sciences companies organizations depend Optum Insight performance costs quality compliance modernize systems."
}
{
    "_id": "UNH20230033",
    "title": "",
    "text": "Health Systems. hospitals physicians providers reduce costs health patient engagement growth."
}
{
    "_id": "UNH20230034",
    "title": "",
    "text": ". financial performance outcomes payment integrity portfolio technology risk quality services. Optum Insight helps.-sector coverage affordable benefit plans technology."
}
{
    "_id": "UNH20230035",
    "title": "",
    "text": "Governments. technology analytics programs Medicaid cost predictability."
}
{
    "_id": "UNH20230036",
    "title": "",
    "text": "Life Sciences Companies. Combines data analytics technologies health care sciences discoveries outcomes."
}
{
    "_id": "UNH20230038",
    "title": "",
    "text": "Optum software services delivered. maintains order backlog unearned revenues."
}
{
    "_id": "UNH20230039",
    "title": "",
    "text": "backlog renewals. backlog December 2023 $32. 1 billion $18. 7 billion 12 months. $11. 9 billion. backlog December 2022 $30. billion $10. 7 billion."
}
{
    "_id": "UNH20230040",
    "title": "",
    "text": "Optum products sold direct sales force. supported distributed alliances partnerships technology vendors applications."
}
{
    "_id": "UNH20230042",
    "title": "",
    "text": "Optum Rx 65,000 home delivery specialty community health-home infusion rare disease gene therapy. direct-consumer."
}
{
    "_id": "UNH20230043",
    "title": "",
    "text": "Optum Rx manages prescription oncology HIV pain ophthalmology. serves behavioral substance disorders. managed $159 billion $63 billion specialty."
}
{
    "_id": "UNH20230044",
    "title": "",
    "text": "Optum Rx serves unions trusts coalitions entities. brokers consultants."
}
{
    "_id": "UNH20230045",
    "title": "",
    "text": "Optum Rx offers programs digital tools services pharmacy health care costs improved experiences outcomes lower cost. utilization medication quality assurance adherence counseling programs. medical pharmacy behavioral care pharmacists."
}
{
    "_id": "UNH20230053",
    "title": "",
    "text": "health benefits UnitedHealthcare better health experience rising costs. position local-market relationships breadth product offerings advanced technology digital engagement medical operating cost clinical engagement."
}
{
    "_id": "UNH20230054",
    "title": "",
    "text": "UnitedHealthcare uses coordinate improve affordability analyze cost manage pharmacy providers create experience."
}
{
    "_id": "UNH20230055",
    "title": "",
    "text": "UnitedHealthcare discounted December 2023. 8 million physicians 7,200 hospitals."
}
{
    "_id": "UNH20230056",
    "title": "",
    "text": "UnitedHealthcare government regulation. Part II Item 7 Financial Condition Results Operations."
}
{
    "_id": "UNH20230059",
    "title": "",
    "text": "UnitedHealthcare Employer Individual offers health benefit plans mid-sized small businesses individuals. December 31, 2023 services 27. 3 million. serves 7. 8 million premium Brazil Chile Colombia Peru 150 countries. health care markets"
}
{
    "_id": "UNH20230060",
    "title": "",
    "text": "hospitals clinics centers UnitedHealthcare consumers payers."
}
{
    "_id": "UNH20230061",
    "title": "",
    "text": "risk-based UnitedHealthcare Employer & Individual assumes risk medical administrative costs monthly premium fixed per individual one-year. self health care receives fixed monthly service fee per. customers retain risk benefits provides coordination medical services transaction processing access contracted network physicians hospitals health care professionals. informed benefit solutions customized plan designs clinical programs cost care simpler consumer experiences."
}
{
    "_id": "UNH20230062",
    "title": "",
    "text": "UnitedHealthcare Employer distributes products channels consultants direct sales brokers agents wholesale agents employer organizations associations multi-carrier private exchange marketplaces."
}
{
    "_id": "UNH20230063",
    "title": "",
    "text": "UnitedHealthcare engagement traditional clinical pharmacy specialty vision dental hearing accident critical illness disability hospital indemnity."
}
{
    "_id": "UNH20230065",
    "title": "",
    "text": "UnitedHealthcare Medicare Retirement seniors consumers needs. benefit designs pricing underwriting management marketing health."
}
{
    "_id": "UNH20230066",
    "title": "",
    "text": "UnitedHealthcare Medicare Retirement products health coverage services. include clinical nurse health line 24-hour information discounted services administrative services."
}
{
    "_id": "UNH20230067",
    "title": "",
    "text": "UnitedHealthcare Medicare Retirement distribution direct marketing AARP 50 state. government agencies. Products agents employer groups digital channels."
}
{
    "_id": "UNH20230068",
    "title": "",
    "text": "categories"
}
{
    "_id": "UNH20230069",
    "title": "",
    "text": "Medicare Advantage. health care seniors Medicare beneficiaries Centers Medicare HMO Point-of-Service Private-Fee-for-Service Special Needs. UnitedHealthcare Medicare Retirement health monthly premium consumer premiums. Premium amounts vary geographic demographic factors health status. served 7. million people December 31, 2023."
}
{
    "_id": "UNH20230070",
    "title": "",
    "text": "offerings digital physical resources expanding concierge navigation safe. HouseCalls program nurse performed. 7 million preventive home visits 2023 gaps."
}
{
    "_id": "UNH20230071",
    "title": "",
    "text": "Medicare. Provides benefits Advantage stand-alone plans. address needs low-cost options. December 2023 UnitedHealthcare enrolled 10. 2 million D 3. 3 million stand remainder Advantage plans."
}
{
    "_id": "UNH20230073",
    "title": "",
    "text": "Medicare Supplement. products price. cover coinsurance deductible gaps Medicare."
}
{
    "_id": "UNH20230074",
    "title": "",
    "text": "Medicare Retirement. seniors AARP December 2023."
}
{
    "_id": "UNH20230075",
    "title": "",
    "text": "revenues CMS 40% UnitedHealth 2023 UnitedHealthcare Medicare Retirement."
}
{
    "_id": "UNH20230077",
    "title": "",
    "text": "UnitedHealthcare Community State disadvantaged medically underserved without employer-funded monthly premium. oversee Medicaid Temporary Assistance Children’s Health Long-Term Services Aged Blind Disabled federal state community. December 2023 32 states District Columbia served 7. 8 million 1. 3 million Medicaid 19 states."
}
{
    "_id": "UNH20230078",
    "title": "",
    "text": "States Medicaid select health plans bid contracts. address complex needs chronically ill higher risk. UnitedHealthcare Community State administers benefits children pregnant adults seniors institutionalized nursing home eligible. underserved areas medical community. face social economic challenges."
}
{
    "_id": "UNH20230080",
    "title": "",
    "text": "businesses subject to U. S. federal state international laws regulations. regulated by agencies issue enforce. governments legislative regulatory proposals impact health care system. New laws changes affect businesses."
}
{
    "_id": "UNH20230081",
    "title": "",
    "text": "Part I Item 1A compliance. international laws regulations."
}
{
    "_id": "UNH20230083",
    "title": "",
    "text": "contract federal government subject laws regulations. CMS regulates UnitedHealthcare Optum businesses. Payments CMS subject regulations fee-for-service health status. CMS compliance contracts regulations quality care Medicare beneficiaries. commercial business subject CMS audits medical loss ratios risk adjustment data."
}
{
    "_id": "UNH20230084",
    "title": "",
    "text": "UnitedHealthcare Community Medicaid CHIP contracts subject federal regulations payment. regulations Medicare compliance regulatory environment complex."
}
{
    "_id": "UNH20230085",
    "title": "",
    "text": "businesses consumer false claims referrals health care-money laundering securities antitrust compliance."
}
{
    "_id": "UNH20230086",
    "title": "",
    "text": "Privacy Security Data Standards. operations Health Insurance Portability Accountability Act 1996 group insurance employee benefit plans. electronic transactions code privacy security health information."
}
{
    "_id": "UNH20230088",
    "title": "",
    "text": "businesses comply Health Technology Health Act privacy security data standards. disclosures"
}
{
    "_id": "UNH20230089",
    "title": "",
    "text": "health includes contracting HIPAA extends privacy security adds data breach notification reporting HHS Federal Trade Commission local media strengthens enforcement imposes financial penalties criminal penalties. act covered entity business associate."
}
{
    "_id": "UNH20230090",
    "title": "",
    "text": "use disclosure health data regulated by federal laws Gramm-Leach-Bliley Act state statutes. require insurers notice health financial information opportunity “opt prescribe safeguards protection information. GLBA HIPAA preempt state laws. Federal consumer laws apply privacy security practices identifiable information."
}
{
    "_id": "UNH20230091",
    "title": "",
    "text": "ERISA. Employee Retirement Security Act 1974 regulates services employer-sponsored health benefit plans. laws regulations. Department Labor federal courts. standards business units plans self. Regulations DOL requirements administration benefits claims payment appeals."
}
{
    "_id": "UNH20230093",
    "title": "",
    "text": "Health Care Regulation. insurance HMO subsidiaries jurisdictions. states regulate. require financial reports minimum capital cash reserve. National Association Insurance Commissioners regulations expanded governance risk solvency. states corporate governance control. risk management framework file confidential self report regulators. reports Connecticut New York."
}
{
    "_id": "UNH20230094",
    "title": "",
    "text": "health plans insurance companies regulated state regulations. require registration departments reports capital structure ownership financial condition transactions business operations. require acquisitions transfers transactions between companies parent. restrict subsidiaries dividends."
}
{
    "_id": "UNH20230095",
    "title": "",
    "text": "business activity subject health care regulations PPO Managed Care Organization review TPA pharmacy medical equipment licensure. differ network contracting product rate licensing financial reporting requirements. laws standards delivery appeals grievances fraud prevention health information pricing benefits services. anti-fraud abuse prohibitions kickbacks referral billing unnecessary services improper marketing. businesses state agent broker sales distribution laws. UnitedHealthcare Optum businesses Medicaid agencies. contract state entities laws."
}
{
    "_id": "UNH20230097",
    "title": "",
    "text": "State Privacy Security Regulations. states adopted laws privacy security social security health information GLBA credit card data. authorities focus protecting identity theft states laws cyber-security standards breaches personal information. consumer protection laws apply privacy security information. approaches privacy"
}
{
    "_id": "UNH20230098",
    "title": "",
    "text": "insurance regulation enforcement affect products state. Part I Item 1A state privacy security regulations."
}
{
    "_id": "UNH20230099",
    "title": "",
    "text": "Corporate Practice Medicine Fee-Splitting Laws. businesses medical providers subject laws regulations. states laws employing. fee-splitting practices sharing fees. prohibitions statutory regulatory judicial interpretation. laws regulations limited judicial regulatory interpretation change."
}
{
    "_id": "UNH20230101",
    "title": "",
    "text": "Optum Rx’s businesses include home delivery specialty compounding pharmacies clinic-based pharmacies states. pharmacies register U. S. Drug Enforcement Administration (DEA) state controlled substance authorities. non-resident states board pharmacy. states expect follow laws require laws. Medicare state Medicaid comply with rules. laws include federal state statutes labeling packaging advertising adulteration prescription drugs dispensing controlled substances. See Part I, Item 1A “Risk Factors” risks pharmacy."
}
{
    "_id": "UNH20230102",
    "title": "",
    "text": "Federal state legislation PBM pharmacy. states limit costs generic prescription drugs. CMS HHS departments insurance regulate prescription drug benefits. states regulate drug coverage delivery channels insurers MCOs Medicaid. regulations plan designs networks providers channels copayment differentials formulary tiering practices."
}
{
    "_id": "UNH20230103",
    "title": "",
    "text": "Legislation PBM activities federal state impact business practices pharmacy manufacturers network providers. NAIC regulations National Committee Quality Assurance) Utilization Commission establish standards PBM. regulations standards influence states impact services."
}
{
    "_id": "UNH20230105",
    "title": "",
    "text": "businesses-consumer Federal Tort Claims Act Federal Postal Service Act Telemarketing Sales Rule. states similar laws."
}
{
    "_id": "UNH20230106",
    "title": "",
    "text": "Telephone Consumer Protection Act FTC Federal Communications Commission state attorneys regulate telemarketing automated contacts. laws provide private right action. Violations penalties sanctions."
}
{
    "_id": "UNH20230109",
    "title": "",
    "text": "Optum Bank federal regulators Federal Deposit Insurance Corporation annual examinations Consumer Financial Protection Bureau periodic examinations consumer protection statutes regulations guidelines. Utah State Department of Financial Institutions annual examinations periodic examinations"
}
{
    "_id": "UNH20230110",
    "title": "",
    "text": "compliance state banking statutes regulations guidelines. unfavorable examination expenses requirements oversight penalties."
}
{
    "_id": "UNH20230112",
    "title": "",
    "text": "businesses operate internationally subject regulation jurisdictions. regulatory regimes vary. non-U. S. businesses subject to U. S. laws. Foreign Corrupt Practices Act prohibits offering foreign government official advantage."
}
{
    "_id": "UNH20230114",
    "title": "",
    "text": "diversified health care company operate competitive markets benefits services. competitors startups Fortune 50 enterprises for-profit government entities. New entrants combinations environment. compete quality value product innovation technology engagement satisfaction sales marketing pricing. Part I Item 1A."
}
{
    "_id": "UNH20230116",
    "title": "",
    "text": "obtained trademark registration UnitedHealth Group Optum UnitedHealthcare. own trademarks. hold portfolio patents applications pending. not dependent."
}
{
    "_id": "UNH20230117",
    "title": "",
    "text": "trademarks owned us. disclaim proprietary interest marks."
}
{
    "_id": "UNH20230119",
    "title": "",
    "text": "440,000 employees December 31, 2023 160,000 clinical professionals guided mission healthier health system. integrity compassion inclusion innovation quality align strategy increase access improve outcomes advance equity. attract talent innovation engagement empowerment."
}
{
    "_id": "UNH20230120",
    "title": "",
    "text": "committed developing inclusive environment diverse backgrounds. approach data-driven leader-led enterprise scorecards hiring diverse talent. embedded inclusion diversity talent acquisition management leadership development careers learning skills systems processes. diverse talent pipeline partnerships early career programs internships apprenticeships. support career coaching mentorship leadership development. invest skills-based learning culture development programs. shared leadership framework expectations develop deploy talent."
}
{
    "_id": "UNH20230122",
    "title": "",
    "text": "prioritize pay equity compensation practices gender ethnicity race. feedback inclusion. Employee Experience Index measures commitment belonging Stewardship incentive plan. Sustainability Report. unitedhealthgroup. information."
}
{
    "_id": "UNH20230132",
    "title": "",
    "text": "executive officers February 28, 2024 business experience five years Name Andrew Witty Dirk McMahon John Rex Vice Rupert Bondy Erin McSweeney Thomas Roos Vice President Brian Thompson UnitedHealthcare"
}
{
    "_id": "UNH20230133",
    "title": "",
    "text": "Board Directors officers. serve successors elected death disqualification."
}
{
    "_id": "UNH20230134",
    "title": "",
    "text": "Andrew Witty Chief UnitedHealth February 2021. Optum April 2021 President UnitedHealth November 2019 February 2021 director August 2017 March 2018. GlaxoSmithKline 2008 2017."
}
{
    "_id": "UNH20230135",
    "title": "",
    "text": "McMahon President UnitedHealth Group 2021. Chief UnitedHealthcare 2021 Optum Executive Vice President Operations November 2014 2017. Chief Optum Rx 2011 2014. UnitedHealthcare operations technology finance."
}
{
    "_id": "UNH20230136",
    "title": "",
    "text": "Rex Executive Vice President Financial Officer UnitedHealth 2016. 2012 Optum. Managing Director JP Morgan financial services."
}
{
    "_id": "UNH20230137",
    "title": "",
    "text": "Rupert Bondy Vice President Chief Legal Officer UnitedHealth Corporate Secretary April 2022. Senior Vice President Counsel Secretary Reckitt Benckiser Group 2022. General Counsel BP Senior Vice President General Counsel GlaxoSmithKline."
}
{
    "_id": "UNH20230138",
    "title": "",
    "text": "Erin McSweeney Vice President Officer UnitedHealth Group March 2022. 2017 February 2021 Vice President Human Resources Officer Optum. Human Resources EMC Corporation."
}
{
    "_id": "UNH20230139",
    "title": "",
    "text": "Roos Senior Vice President Accounting UnitedHealth 2015. Partner Deloitte Touche."
}
{
    "_id": "UNH20230141",
    "title": "",
    "text": "Brian Thompson UnitedHealthcare April 2021. Medicare Retirement July Medicare Retirement April 2017 Chief Financial Officer Employer Individual Medicare Retirement August 2010 April 2017."
}
{
    "_id": "UNH20230143",
    "title": "",
    "text": "executive offices UnitedHealth Group Center 9900 Bren Road Minnetonka telephone (952) 936-1300. website. unitedhealthgroup. reports amendments website Securities Exchange Commission. Information Annual Report Form 10-K SEC filings."
}
{
    "_id": "UNH20230146",
    "title": "",
    "text": "statements estimates projections Annual Report Form 10-K include forward-looking statements Private Securities Litigation Reform Act 1995 (PSLRA. used future filings SEC news releases presentations oral statements “believe “expect “intend “estimate “anticipate “forecast identify forward statements. “safe harbor” provisions PSLRA. involve risks uncertainties may results differ from expectations. statement speaks date no obligation update after."
}
{
    "_id": "UNH20230147",
    "title": "",
    "text": "discussion contains cautionary statements business investors. address future filings SEC communications results previous filings. matters forward-looking statements results. forward statements Annual Report Form 10-K SEC filings statements may wrong. affected inaccurate assumptions risks uncertainties. factors future results. statements not guarantees performance results subject risks uncertainties assumptions difficult predict quantify."
}
{
    "_id": "UNH20230149",
    "title": "",
    "text": "estimate manage medical costs benefits profitability risk products affect financial position cash flows."
}
{
    "_id": "UNH20230150",
    "title": "",
    "text": "risk-based benefit products assume risk medical administrative costs premiums. use 80% to 85% premium revenues health care services. profitability depends on medical costs. Optum Health business accountable value-based arrangements with payers. Premium revenues 80% revenues. benefit expense payments judgement variability. differences predicted medical costs financial results. fail predict costs."
}
{
    "_id": "UNH20230152",
    "title": "",
    "text": "manage medical costs underwriting product design contracts care management programs. costs affected by services cost type. premiums future costs factors cause costs. inflation increased use business mix differences cost emergencies climate change pandemics new drugs guidelines benefits regulatory changes insured population characteristics. Cost increases recovered higher premiums. Optum inability provide higher-quality outcomes experiences lower costs care models impact financial positions cash flows."
}
{
    "_id": "UNH20230153",
    "title": "",
    "text": "financial results include estimates costs claims outstanding. estimates involve judgment. inaccurate results affected."
}
{
    "_id": "UNH20230154",
    "title": "",
    "text": "fail maintain integrity data consolidate integrate upgrade expand systems technology products business affected."
}
{
    "_id": "UNH20230155",
    "title": "",
    "text": "business depends on integrity timeliness data. data inaccurate unreliable integrity failures health wellness lose customers attracting new determining medical cost estimates pricing preventing controlling fraud disputes with customers physicians professionals regulatory sanctions penalties investigations audits operating expenses suffer adverse consequences."
}
{
    "_id": "UNH20230156",
    "title": "",
    "text": "health care data electronic health records expanding. depend on integrity data implement services automate technologies simplify processes price service timely payments report results. connectivity technologies important consumer engagement require technologies applications mobile tools AI/ML customer experience. anticipate fast-evolving AI/ML technologies generative AI in information systems products. protect enhance systems develop new systems changes processing technology AI regulatory standards customer preferences development operational resources. If commitments fail benefits cost reputational harm adverse effects business."
}
{
    "_id": "UNH20230157",
    "title": "",
    "text": "implement initiatives consolidate upgrade expand integrate develop new regulations processing technology. Failure protect consolidate integrate costs."
}
{
    "_id": "UNH20230158",
    "title": "",
    "text": "businesses sell install software products design defects complications with technologies. failure technology operate affect results financial position cash flows."
}
{
    "_id": "UNH20230159",
    "title": "",
    "text": "evolving U. non-U. international laws regulations health data technologies AI/ML alter competitive landscape compliance requirements affect information systems platforms."
}
{
    "_id": "UNH20230160",
    "title": "",
    "text": "parties cyber-attacks privacy data security incidents operations disclosure loss revenue costs negative affects liability reputational harm consequences."
}
{
    "_id": "UNH20230162",
    "title": "",
    "text": "process store transmit data including protected personal information privacy security breach proprietary information business third parties. Some data outside United States international business operations. target cyber-attacks security threats subject compromises systems. programs detect respond security incidents provide employee training phishing malware threats expect experience incidents some negatively affect business. techniques unauthorized access service sabotage systems change increasing evolving AI/ML technologies generative businesses changing"
}
{
    "_id": "UNH20230163",
    "title": "",
    "text": "anticipate techniques detect security incidents implement preventive measures. actors hackers affect operations penetrating security controls causing disruptions shutdowns confidential third developing viruses ransomware malware vulnerabilities. hardware software applications contain defects compromise information security controls. systems vulnerable to financial fraud misplaced data human error social engineering events data financial accounts information. heightened vulnerabilities lack supervision infrastructure remote workforce operations recently-acquired non-integrated businesses. rely third-party vendors process data."
}
{
    "_id": "UNH20230164",
    "title": "",
    "text": "costs security threats vulnerabilities cyber-incident. business continuation resiliency plans maintained updated tested disruptions. remediation operational interruptions delays cessation service loss customers. compromises security measures unauthorized dissemination sensitive proprietary confidential identity theft negative operational affects loss misuse liability penalties damage brand reputation harm business."
}
{
    "_id": "UNH20230165",
    "title": "",
    "text": "fail compete market share enrollments health benefits results financial position cash flows."
}
{
    "_id": "UNH20230166",
    "title": "",
    "text": "businesses face competition in geographic markets. competitors have advantages. position affected by merger acquisition activity competitors. Consolidation to retain customer base improve terms maintain profitability."
}
{
    "_id": "UNH20230167",
    "title": "",
    "text": "success health care marketplace depends on innovative disruptive products services market demands. health care payers consumers customers risk losing market share entrants. risks new technologies relationship health plan enrollees. sustain competitive disadvantages loss market share fail innovative care models transition value-based models virtual in-home care. competitive position failure develop innovative technologies data capabilities provide services."
}
{
    "_id": "UNH20230168",
    "title": "",
    "text": "business results financial position cash flows affected compete set rates high low competitive design price products properly innovate deliver products services provide satisfactory services membership demand increase lose accounts profitable products less profitable. resumption Medicaid redeterminations impacted membership levels market share retain add consumers benefit."
}
{
    "_id": "UNH20230169",
    "title": "",
    "text": "fail relationships payers physicians hospitals providers business affected."
}
{
    "_id": "UNH20230171",
    "title": "",
    "text": "depend on contract with health care payers physicians hospitals pharmaceutical providers manufacturers at competitive prices. fail develop relationships with providers affect business results"
}
{
    "_id": "UNH20230172",
    "title": "",
    "text": "financial cash flows. network design participation payments disputes negative publicity."
}
{
    "_id": "UNH20230173",
    "title": "",
    "text": "market physicians providers could refuse contract demand higher payments higher costs less products difficulty meeting regulatory accreditation requirements. providers hospitals multi-specialty physician groups market positions diminish bargaining power. Accountable Care Organizations physician group management services organizations organizational structures may change business competitive landscape. organizations compete affect business results financial position cash flows relationships costs costs operations. if providers refuse contract position negotiate favorable contracts place competitive disadvantage market products."
}
{
    "_id": "UNH20230174",
    "title": "",
    "text": "health care businesses have risk-based arrangements with physicians hospitals providers. arrangements limit exposure risk medical costs risk financial medical care resources. risk-based provider financial difficulties obligations we may responsible for unpaid health care claims paid. payment disputes between primary provider specialists could disruption reduction services. providers may not manage costs maintain financial solvency avoid disputes. may fail provide information costs. provision services operations."
}
{
    "_id": "UNH20230175",
    "title": "",
    "text": "providers services contracts. dispute payment institute litigation arbitration state federal laws compensation out-of-network providers."
}
{
    "_id": "UNH20230176",
    "title": "",
    "text": "success businesses depends relationships with physicians. physicians could terminate contracts become continue. face competition to acquire manage practices employ. revenues affected if maintain relationships acquire recruit employ retain enrollees following departures. affiliated organizations contract with competitors UnitedHealthcare. businesses suffer if fail maintain relationships price contracts competitors."
}
{
    "_id": "UNH20230177",
    "title": "",
    "text": "physicians hospitals pharmaceutical providers manufacturers health care providers customers Optum businesses. provide services facilities. relationships affect financial position cash flows."
}
{
    "_id": "UNH20230178",
    "title": "",
    "text": "subject legal actions investigations damage reputation penalties damages affect operations financial position cash flows."
}
{
    "_id": "UNH20230179",
    "title": "",
    "text": "party private governmental legal actions investigations design management product service. failure adhere laws regulations civil criminal penalties."
}
{
    "_id": "UNH20230181",
    "title": "",
    "text": "Legal actions party health care benefits coverage payment claims disputes with enrollees customers physicians hospitals health care tort claims medical malpractice facilities health care practitioners employed failure to adhere"
}
{
    "_id": "UNH20230182",
    "title": "",
    "text": "clinical quality patient safety antitrust claims whistleblower claims False Claims Act personal information proprietary data technology contract labor disputes tax business practices. pharmacy operations clinical quality patient safety risks dispensing packaging distribution drugs operational errors. party class action lawsuits health care groups consumers. operate jurisdictions outside United States contractual rights tax positions regulations."
}
{
    "_id": "UNH20230183",
    "title": "",
    "text": "self-insured risks medical malpractice against physicians. record liabilities possible actual losses exceed. physicians healthcare providers subject legal actions medical malpractice professional liabilities. litigants seeking recoveries new theories liability. actions involve defense costs monetary damages reputation."
}
{
    "_id": "UNH20230184",
    "title": "",
    "text": "predict outcome legal actions. external insurers coverage may cover claims. incur expenses legal actions increase cost affect results financial position cash flows. actions adverse publicity damage reputation affect retain business grow market share."
}
{
    "_id": "UNH20230185",
    "title": "",
    "text": "business suffer results financial position cash flows affected manage strategic alliances acquisitions transactions outside States."
}
{
    "_id": "UNH20230186",
    "title": "",
    "text": "strategy engage discussions with investments acquisitions divestitures alliances joint ventures outsourcing enter agreements. fail meet needs partners developing products services service pricing responding to regulatory changes alliances ventures damaged terminated impact reputation business results. governmental actions FTC DOJ affect strategic transactions future growth. fail complete transactions objectives antitrust enforcement actions expend resources competitive disadvantage affected by negative market perceptions results financial position cash flows."
}
{
    "_id": "UNH20230187",
    "title": "",
    "text": "acquisitions require integrate business into operations present risks growth difficult. pre-acquisition practices expose legal challenges criminal fines reputational harm. defending claims costly negative publicity. If integrate businesses revenue growth cost savings synergies business prospects results financial position cash flows affected."
}
{
    "_id": "UNH20230189",
    "title": "",
    "text": "operate business outside face risks adapting new markets languages business labor practices regulatory environments. Managing senior management resources synergies benefits. risks vary country political instability government intervention court decisions discriminatory regulation currency exchange transferring funds converting local currencies into."
}
{
    "_id": "UNH20230190",
    "title": "",
    "text": "currency rates shareholders’ equity debt-equity ratio future revenues costs cash flows operations. measures volatile currencies costly ineffective."
}
{
    "_id": "UNH20230191",
    "title": "",
    "text": "subject risks health crises medical emergencies pandemics disasters extreme events business financial."
}
{
    "_id": "UNH20230192",
    "title": "",
    "text": "medical emergencies pandemics natural disasters public health crises extreme events business operations cash flows financial conditions results. disruptions infrastructure increase operating costs impair services. premiums fees medical administrative costs deferred medical care reduced demand workforce reduced capacity. health crises wildfires hurricanes climate change impact business operations medical care costs. Government emergency powers disrupt business operations supplies risk shortages items."
}
{
    "_id": "UNH20230193",
    "title": "",
    "text": "sales performance attract retain producers consultants."
}
{
    "_id": "UNH20230194",
    "title": "",
    "text": "products services sold through producers consultants. sales attract independent producers consultants sales strategy aligned. relationships impaired changes business practices terms commission levels."
}
{
    "_id": "UNH20230195",
    "title": "",
    "text": "unfavorable conditions."
}
{
    "_id": "UNH20230196",
    "title": "",
    "text": "Unfavorable economic conditions demand for our products services. employers stop health care coverage or offer voluntary reduce operating costs. impact increase premiums cancellation products. lead decrease people served premium fee revenues."
}
{
    "_id": "UNH20230197",
    "title": "",
    "text": "unfavorable economic environment budgets reimbursements health care programs Medicare Medicaid CHIP. reduction Medicaid reimbursement rates payments. pressures impose taxes assessments commercial programs premium taxes health insurance fee-for-service medical claims. affect operations financial position cash flows."
}
{
    "_id": "UNH20230198",
    "title": "",
    "text": "unfavorable economic environment financial hospitals care providers rates medical costs service. unfavorable economic conditions financial Optum businesses health plans hospitals care providers employers."
}
{
    "_id": "UNH20230199",
    "title": "",
    "text": "failure attract manage employees affect business future performance."
}
{
    "_id": "UNH20230201",
    "title": "",
    "text": "depend on attract develop retain qualified employees executives diverse expand business. development succession plans for key employees guarantee services. unable attract develop retain manage business results future performance. Experienced skilled employees executives health care technology industries high demand market competitive. difficulty replacing executives limited qualified individuals"
}
{
    "_id": "UNH20230202",
    "title": "",
    "text": "expand business. Adverse changes harm retain employees."
}
{
    "_id": "UNH20230203",
    "title": "",
    "text": "portfolio losses profitability."
}
{
    "_id": "UNH20230204",
    "title": "",
    "text": "Market fluctuations investment portfolio profitability. Volatility interest rates affects income market value investments debt securities majority investments December 31, 2023. delay principal interest defaults reduce income write down value profitability equity."
}
{
    "_id": "UNH20230205",
    "title": "",
    "text": "investments not produce positive returns sell at prices less than carrying values. Changes in value interest rate fluctuations issuer financial market conditions illiquidity equity. portfolio results operations capital position subsidiaries."
}
{
    "_id": "UNH20230206",
    "title": "",
    "text": "intangible assets impaired operations equity credit ratings."
}
{
    "_id": "UNH20230207",
    "title": "",
    "text": "December 31, 2023 goodwill intangible assets value $119 billion 43% consolidated assets. evaluate charge to earnings necessary. value goodwill impacted if businesses perform inconsistent with assumptions. divest businesses impairment disposition charges including. future evaluations impairment could affect results operations equity. decrease in equity affect credit ratings."
}
{
    "_id": "UNH20230208",
    "title": "",
    "text": "proprietary rights databases software products intellectual property knowledge businesses."
}
{
    "_id": "UNH20230209",
    "title": "",
    "text": "rely on agreements confidentiality trademarks secrets copyrights patents proprietary rights. protections prevent misappropriation. intellectual property rights software litigation expect products infringement claims health care. litigation misappropriation hinder market sell affect financial position cash flows."
}
{
    "_id": "UNH20230210",
    "title": "",
    "text": "credit borrowing costs."
}
{
    "_id": "UNH20230212",
    "title": "",
    "text": "Claims paying ability financial strength debt ratings competitive position insurance companies. Ratings used by customers creditors. ratings marketing products. credit ratings impact cost availability future borrowings. ratings. ratings reflect financial strength operating performance debt obligations. maintain credit ratings. downgrades ratings increase costs funds operating costs."
}
{
    "_id": "UNH20230214",
    "title": "",
    "text": "business activities United States countries regulated new laws changes enforcement affect business."
}
{
    "_id": "UNH20230215",
    "title": "",
    "text": "regulated by federal state local governments United States countries. insurance HMO subsidiaries jurisdictions. states require financial reports minimum capital cash reserve. Health plans insurance companies state health care-related regulations PPOs MCOs UR TPAs. state guaranty association laws insurance companies assessed obligations policyholders claimants impaired insolvent insurance companies. assessment risk claims."
}
{
    "_id": "UNH20230216",
    "title": "",
    "text": "businesses provide products services government agencies. Optum UnitedHealthcare hold contracts provide services subject to. self-referral anti-kickback medical necessity risk adjustment false claims laws regulations contractors funds. relationships with agencies subject to contracts laws regulations. laws restrict conflict of interest. limit engagements financial position cash flows."
}
{
    "_id": "UNH20230217",
    "title": "",
    "text": "Optum businesses insurance HMO impact relationships physicians hospitals customers. include telemedicine debt collection banking distributor licensing fee-splitting health care licensure certificate need. risks affect market products margins increase regulatory burdens."
}
{
    "_id": "UNH20230218",
    "title": "",
    "text": "laws rules governing businesses frequent change. legislative changes ACA predict. changes tax laws unfavorable resolutions exams create tax liabilities."
}
{
    "_id": "UNH20230219",
    "title": "",
    "text": "integration of entities into businesses affect existing laws subjecting. latitude agencies administering regulations could change business renegotiate contracts restrict revenue enrollment growth increase health care administrative costs capital requirements expose liability."
}
{
    "_id": "UNH20230220",
    "title": "",
    "text": "obtain maintain approvals market products increase prices transactions. premium rates health insurance managed care states federal. submit data rate increases HHS monitoring. Geographic product expansions state federal approvals. Delays failure affect results financial position cash flows."
}
{
    "_id": "UNH20230222",
    "title": "",
    "text": "operate outside United States may acquire businesses exposure non-U. regulatory regimes. failure comply with. non. laws relationships. regulators affect market products business financial condition. Non-U. regulatory regimes encompass local-border taxation licensing tariffs intellectual property investment capital management control labor anti anti privacy data protection. foreign regulator court interpretation enforcement"
}
{
    "_id": "UNH20230223",
    "title": "",
    "text": "industry regulations differ U. S. regulators courts. non-U. S. businesses operations subject U. S laws. FCPA prohibits offering foreign government official advantage."
}
{
    "_id": "UNH20230224",
    "title": "",
    "text": "health care industry negative publicity investigations media debate. publicity stock price reputation regulatory scrutiny."
}
{
    "_id": "UNH20230225",
    "title": "",
    "text": "participation government health care programs risks funding enrollments adjustments audits investigations affect business financial cash flows."
}
{
    "_id": "UNH20230226",
    "title": "",
    "text": "participate federal state health care programs Medicare Advantage Medicare Part D Medicaid CHIP receive revenues. Optum businesses provide services. reduction delay government funding allocation methodologies termination contract operations financial position cash flows."
}
{
    "_id": "UNH20230227",
    "title": "",
    "text": "government health care programs subject to changes enrolled coverage reimbursement payment levels expansion increase administrative medical costs. Revenues depend on funding federal state governments payment mechanisms. Funding depends on economic conditions budgetary constraints state. CMS reduced Medicare Advantage benchmarks additional cuts possible. CMS Advantage risk adjustment payments. adjusted benefits premiums ceased benefit plans counties intensified medical operating cost management reductions not address funding pressures Medicare Advantage. payers to reductions decreased funding government audit. States rates reimbursements audits recoupments."
}
{
    "_id": "UNH20230228",
    "title": "",
    "text": "Medicaid managed care program agencies solicit bids from health plans. renewals risk losing members enrolled. Medicare Part D program automatic enrollment low income members bids enrollee premium below regional benchmark calculated bids. If premium not below benchmark risk losing members auto-assigned. Chronic failure meet benchmarks termination contracts. bids based assumptions enrollment utilization medical costs. If assumptions incorrect results financial position cash flows affected."
}
{
    "_id": "UNH20230230",
    "title": "",
    "text": "government health care programs subject to conditions performance standards benchmarks. CMS quality bonus payments to Medicare Advantage plans meeting star ratings. star rating system considers quality care preventive services chronic illness management handling appeals customer satisfaction. Plans four stars or higher qualify for bonus payments. star ratings for bonuses negative impact revenues benefits marketability. changes in standards models Medicare inability to maintain quality scores star ratings limitations exclusion financial position cash flows."
}
{
    "_id": "UNH20230231",
    "title": "",
    "text": "CMS uses payment mechanisms payments Medicare. Medicare Advantage plans adjustments health status. Medicare Part D plans adjustments risk-sharing provisions prescription drug costs. state Medicaid programs process. UnitedHealthcare Medicare Retirement UnitedHealthcare Community State businesses submit health status payments. CMS Office Inspector General HHS perform audits Medicare health plans. local plans selected audits adjustments fines corrective action plans adverse action."
}
{
    "_id": "UNH20230232",
    "title": "",
    "text": "involved may in governmental investigations audits reviews assessments. claims litigants whistleblowers disclose business practices submitted false claims. investigations could lead to actions in adverse publicity damages fines penalties sanctions restrictions business loss licensure exclusion from government programs on business results financial position cash flows."
}
{
    "_id": "UNH20230233",
    "title": "",
    "text": "pharmacy face regulatory operational risks differ."
}
{
    "_id": "UNH20230234",
    "title": "",
    "text": "provide pharmacy care Optum Rx UnitedHealthcare. subject federal state anti-kickback beneficiary inducement laws manufacturers physicians pharmacies customers consumers. legislatures consider regulations practices rebates fees formularies tools wholesale specialty pharmaceuticals access networks reimbursement. agencies PBM practices civil penalties business model. Optum Rx subject licensure registration laws accreditation standards. home delivery specialty compounding pharmacies community mental health centers home infusion federal state laws regulations DEA state controlled substance authorities Food Drug Administration Boards of Pharmacy."
}
{
    "_id": "UNH20230235",
    "title": "",
    "text": "face claims errors home pharmacies home infusion services risks packaging distribution health care products. Disruptions infusion services affect operations financial position cash flows."
}
{
    "_id": "UNH20230236",
    "title": "",
    "text": "pharmacy care services businesses provide health benefit plans ERISA. private party or DOL ERISA could assert fiduciary obligations apply services. If court obligations apply subject claims breaches prohibited transactions."
}
{
    "_id": "UNH20230237",
    "title": "",
    "text": "fail comply privacy security technology data laws standards providers business reputation financial position cash flows."
}
{
    "_id": "UNH20230239",
    "title": "",
    "text": "collection maintenance protection use transmission disclosure disposal personal information regulated federal state international industry contracts. legislative regulatory action emerging AI/ML automation. laws change. Compliance privacy security technology data costs business model."
}
{
    "_id": "UNH20230240",
    "title": "",
    "text": "jurisdictions established data security privacy framework comply. expect new laws regulations standards privacy data protection security AI/ML automation European Union UK Chile India jurisdictions impacts future. European Data Regulation) data protection requirements penalties noncompliance."
}
{
    "_id": "UNH20230241",
    "title": "",
    "text": "businesses Payment Card Industry Data Security Standard multifaceted."
}
{
    "_id": "UNH20230242",
    "title": "",
    "text": "HIPAA requires business associates covered entities privacy security requirements. protections contracts security controls limited actions practices. businesses act associates customers collect use disclose maintain personal information. HHS administers audit program HIPAA compliance. noncompliance reputation sanctions."
}
{
    "_id": "UNH20230243",
    "title": "",
    "text": "Optum businesses maintain database administrative clinical data de-identified HIPAA standards. Noncompliance with laws regulations privacy security breach misappropriation loss disclosure personal information reputation business mandatory disclosure media loss customers cost privacy incidents fines penalties awards. results operations financial position cash flows."
}
{
    "_id": "UNH20230244",
    "title": "",
    "text": "enterprise rely on new technologies including AI/ML operations delivery products services. New technologies improve operational processes clinical outcomes present ethical technological legal regulatory risks. developed policies responsible design development use industry best practices. inadequacy failure policies laws could cause products business reputation financial position cash flows."
}
{
    "_id": "UNH20230245",
    "title": "",
    "text": "Restrictions subsidiaries affect reinvest service debt return shareholders."
}
{
    "_id": "UNH20230246",
    "title": "",
    "text": "operate as holding company dependent on dividends administrative expense reimbursements subsidiaries. subsidiaries regulated by state departments insurance. required maintain minimum capital. capitalization depend on premium revenues subsidiary. approval before transfer money dividends subsidiaries exceeding amounts. inability pay dividends affect reinvest maintain dividend payment repurchase common stock repay debt. obtain funds subsidiaries results financial position cash flows."
}
{
    "_id": "UNH20230249",
    "title": "",
    "text": "."
}
{
    "_id": "UNH20230251",
    "title": "",
    "text": "UnitedHealth Group manages cybersecurity data protection framework. mitigate risks policies safeguards systems."
}
{
    "_id": "UNH20230252",
    "title": "",
    "text": "cybersecurity program managed by Chief Digital Technology Information Security Officer. Audit Finance Committee cybersecurity data protection policies procedures resource commitment strategies. receives updates from risks strategy supplier risk business continuity."
}
{
    "_id": "UNH20230253",
    "title": "",
    "text": "framework includes incident management program monitors information systems manages remediates communicates Chief Digital Technology Officer Information Security Officer. incidents reported to Audit Finance Committee government agencies authorities impact significance scope."
}
{
    "_id": "UNH20230254",
    "title": "",
    "text": "require third partners contractors handle data privacy security laws. engage suppliers partners contractors providers identify vulnerabilities monitor upgrades risk controls continuity plans."
}
{
    "_id": "UNH20230255",
    "title": "",
    "text": "program infrastructure information systems audited by internal auditors. obtained certifications audits. perform vulnerability assessments penetration tests threats. internal audit team assesses security controls leverages auditing security frameworks. Audit results remediation progress monitored senior management Audit Finance Committee. partner cybersecurity firms."
}
{
    "_id": "UNH20230256",
    "title": "",
    "text": "complete enterprise information risk assessment overseen by Chief Information Security Officer. internal external threats risk investments program enhancements respond recover attacks rebuild recovery protocols systems. evaluate risk changes risk impacts enterprise risk management program."
}
{
    "_id": "UNH20230257",
    "title": "",
    "text": "Chief Digital Technology Officer Information Security Officer manage cybersecurity. digital transformation multinational corporation leadership positions technology consulting firm. Chief Information Security Officer digital portfolio leadership roles technology software company."
}
{
    "_id": "UNH20230258",
    "title": "",
    "text": "December 31, 2023 Company identified risks cybersecurity business strategy financial condition no assurance future. cybersecurity risks impacts Part I Item 1A “Risk Factors."
}
{
    "_id": "UNH20230260",
    "title": "",
    "text": "February 22, 2024 disclosed cybersecurity incident. investigate committed cybercrime actors. not incident impact financial condition operations."
}
{
    "_id": "UNH20230262",
    "title": "",
    "text": "own lease properties business United States countries. segments use facilities facilities suitable adequate future needs."
}
{
    "_id": "UNH20230264",
    "title": "",
    "text": "Item 3 incorporated Investigations Audits Note 12 Financial Statements Part II Item 8 Statements Supplementary"
}
{
    "_id": "UNH20230266",
    "title": "",
    "text": "."
}
{
    "_id": "UNH20230267",
    "title": "",
    "text": "EQUITY STOCKHOLDER EQUITY SECURITIES"
}
{
    "_id": "UNH20230269",
    "title": "",
    "text": "stock traded York Exchange UNH. January 9,853 holders."
}
{
    "_id": "UNH20230271",
    "title": "",
    "text": "June 2023 Board increased quarterly dividend $7. 52 $6. 60 share June 2022. future dividends Board conditions."
}
{
    "_id": "UNH20230280",
    "title": "",
    "text": "Month Ended Shares Purchased Price Paid Share Plans Programs Number Shares millions October 31, 2023. 7 November 30 2023. 53. 8 December 31, 2023. 83. 34."
}
{
    "_id": "UNH20230282",
    "title": "",
    "text": "November 1997 Board adopted share repurchase program periodically. June 2018 renewed authorization repurchase 100 million shares common stock open market prepaid structured programs. no expiration date. amend increase authorized shares."
}
{
    "_id": "UNH20230289",
    "title": "",
    "text": "compares five-year return common stock S&P Health Care Index Dow Jones US Industrial Average Index S&P 500 Index 2023. comparisons investment $100 December 31, 2018 common stock index reinvestment dividends. UnitedHealth Group. S&P Health Care Index. Dow Jones Industrial Average. S&P 500 Index."
}
{
    "_id": "UNH20230290",
    "title": "",
    "text": "stock price performance not indicative future. preceding graph incorporated Annual Report Form 10-K Securities Act 1933 Securities Exchange Act 1934 except Company incorporates filed Acts."
}
{
    "_id": "UNH20230293",
    "title": "",
    "text": "DISCUSSION FINANCIAL RESULTS"
}
{
    "_id": "UNH20230294",
    "title": "",
    "text": "discussion Consolidated Financial Statements Notes Part II Item 8 Supplementary Data. statements estimates projections financial prospects economic conditions trends uncertainties 7 forward-looking statements. risks uncertainties results differ expectations. description risks uncertainties Item 7 Part I Item 1A Factors."
}
{
    "_id": "UNH20230295",
    "title": "",
    "text": "2022 2021 Form 10-K Part II Item 7 Financial Form 10-K fiscal year December 2022."
}
{
    "_id": "UNH20230298",
    "title": "",
    "text": "UnitedHealth Group health healthier health system. businesses Optum UnitedHealthcare modern high-performing health system improved access affordability outcomes experiences."
}
{
    "_id": "UNH20230303",
    "title": "",
    "text": "four segments Health Insight Rx Employer Individual Medicare Retirement Community State."
}
{
    "_id": "UNH20230304",
    "title": "",
    "text": "Part I Item 1 Note 14 Financial Statements Part II Item 8 Statements Data."
}
{
    "_id": "UNH20230306",
    "title": "",
    "text": "businesses participate States international health markets. health care spending grown 18% gross domestic product. expect spending health care inflation technology regulatory requirements demographic trends national interest. market growth macroeconomic conditions costs."
}
{
    "_id": "UNH20230307",
    "title": "",
    "text": "Pricing Trends. health care future costs patterns inflation labor dynamics. local markets product positioning price competitiveness environmental legislative regulatory considerations revenue adjustments. growth profitability."
}
{
    "_id": "UNH20230308",
    "title": "",
    "text": "commercial risk market competitive large segments. expect competition needs."
}
{
    "_id": "UNH20230309",
    "title": "",
    "text": "Medicare Advantage Trends increased care patterns Cost Trends. 2024 benefit trends."
}
{
    "_id": "UNH20230311",
    "title": "",
    "text": "payment rate pressure margin. prudent market-sustainable posture new business relationships. advocate sound rates medical cost trends partnering states long-term viability."
}
{
    "_id": "UNH20230312",
    "title": "",
    "text": "Medical Cost Trends. unit care activity prescription drug costs. 2023 increased care patterns outpatient procedures seniors 2024. physicians consumers choices high-quality affordable care."
}
{
    "_id": "UNH20230313",
    "title": "",
    "text": "Medicaid Redeterminations. impacted served offset by increase consumers served commercial offerings access care."
}
{
    "_id": "UNH20230314",
    "title": "",
    "text": "Delivery System Payment Modernization. health care market demographic shifts regulations political forces expectations. Health plans providers close gaps improve quality experience health reduce costs. vision innovation models in-clinic-home behavioral virtual data cost efficient. accountable value-based plans affordable care collaboration."
}
{
    "_id": "UNH20230315",
    "title": "",
    "text": "trend needs health management services new channels investments clinical information management systems growth Optum business platform. transition fee-for-service accountable value-based care. requires system enhancements coordination training clinical engagement. Enhanced clinical engagement health outcomes lower costs."
}
{
    "_id": "UNH20230317",
    "title": "",
    "text": "summary trends uncertainties regulatory. Part I Item 1 - Government 1A Factors."
}
{
    "_id": "UNH20230318",
    "title": "",
    "text": "Medicare Advantage Rates. notices rates below medical trend. Final Notice 2024 rates rate decrease January 2024 Advance Notice 2025 rates short medical cost trend pressure program. revisions risk adjustment model health reduced funding benefits health challenges."
}
{
    "_id": "UNH20230319",
    "title": "",
    "text": "Medicare funding pressures adjustments offset rate pressures. intensify medical cost management care provider networks adjust member benefits premiums payments. decide annually Medicare Advantage plans."
}
{
    "_id": "UNH20230321",
    "title": "",
    "text": ". December 22, 2023 sell operations Brazil approval. February 6 2024 loss $7 billion quarter March 31, 2024 foreign currency losses."
}
{
    "_id": "UNH20230329",
    "title": "",
    "text": "2023 comparisons 2022. revenues 15% UnitedHealthcare 13% Optum 24%. million. 14% 14% 13% Optum. earnings share 13% $23. flows $29. 1 billion. equity 27."
}
{
    "_id": "UNH20230359",
    "title": "",
    "text": "table summarizes consolidated results millions percentages share Years Ended December.2022 Revenues Premiums,827,157,233 Products Services Investment income Total revenues Operating costs Medical costs costs Cost products sold Depreciation amortization Total operating costs Earnings operations,358######28,435######23 Interest expense Earnings before income taxes,112######26,343######22 Provision income taxes Net earnings Earnings noncontrolling interests Netearnings UnitedHealth Group shareholders#22,381#20,120#17,285#2,261######11##% earnings per share. 86#21. 18. 68######13% Medical care ratio. 2 Operating cost ratio. Operating margin. Tax rate. Net earnings margin. Return on equity."
}
{
    "_id": "UNH20230361",
    "title": "",
    "text": "ratio costs divided revenue."
}
{
    "_id": "UNH20230362",
    "title": "",
    "text": "earnings UnitedHealth."
}
{
    "_id": "UNH20230364",
    "title": "",
    "text": "on equity calculated net earnings UnitedHealth Group divided average equity. equity calculated preceding year four quarters."
}
{
    "_id": "UNH20230368",
    "title": "",
    "text": "increases revenues Medicare Advantage Medicaid pricing trends Optum businesses. investment income interest rates."
}
{
    "_id": "UNH20230370",
    "title": "",
    "text": "Medical costs Medicare Advantage Medicaid. MCR elevated care outpatient business mix."
}
{
    "_id": "UNH20230372",
    "title": "",
    "text": "ratio management offset business investments growth."
}
{
    "_id": "UNH20230374",
    "title": "",
    "text": "Note 14 Consolidated Financial Statements Part II Item 8 Statements Supplementary information segments. metrics segments UnitedHealthcare Optum Health Optum Rx. metrics drivers revenue earnings cash flows. allow management investors business mix services pricing trends."
}
{
    "_id": "UNH20230401",
    "title": "",
    "text": "table reportable information Years Ended December 31, millions.2022 UnitedHealthcare#281,360#249,741,899 Optum Health Optum Insight Optum Rx Optum eliminations,760 Optum Eliminations(136,347,867 Consolidated revenues,622#324,162#287,597 Earnings UnitedHealthcare#16,415,379 Optum Health Optum Insight Optum Rx Optum Consolidated earnings operations,358,435,970 Operating UnitedHealthcare.####5 Optum Health####6. 9######8 Optum Insight####22. 5######24 6######27. Optum Rx####4. Optum####7 Consolidated operating margin."
}
{
    "_id": "UNH20230411",
    "title": "",
    "text": "table summarizes UnitedHealthcare revenues business Years Ended December 31, millions. Employer Individual Domestic,187 Global,307,668,345 Total,494,267,368,227 Medicare Retirement,671,552,191 Community State,004,803,979,201 UnitedHealthcare revenues,360,741,899"
}
{
    "_id": "UNH20230412",
    "title": "",
    "text": "January 1 2022 UnitedHealthcare Global Employer."
}
{
    "_id": "UNH20230428",
    "title": "",
    "text": "table summarizes served UnitedHealthcare market segment funding arrangement. Commercial domestic Risk-based Fee-based,200,640 commercial domestic,315,685#26,580 Medicare Advantage,105 Medicaid Medicare Supplement,355,375,395 community senior,895,650 UnitedHealthcare,210,335,120 Commercial global,360 UnitedHealthcare medical,750,695,630 Supplemental Data Medicare Part D stand-alone,315,295,700"
}
{
    "_id": "UNH20230429",
    "title": "",
    "text": "revenues increased Medicare Advantage Medicaid commercial. Medicaid December 2023 decreased redeterminations higher acuity. Earnings increased investment income offset elevated care activity outpatient care seniors."
}
{
    "_id": "UNH20230432",
    "title": "",
    "text": "revenues earnings Optum. results Optum Health"
}
{
    "_id": "UNH20230433",
    "title": "",
    "text": "Revenues Optum Health growth value care. Earnings cost management investment income offset senior outpatient behavioral care costs. served 103 million December 2023 102 2022."
}
{
    "_id": "UNH20230436",
    "title": "",
    "text": "Revenues earnings Optum Insight increased technology services."
}
{
    "_id": "UNH20230438",
    "title": "",
    "text": "earnings Optum Rx script volumes. supply chain cost management. fulfilled 1,542 million 1,438 million scripts 2023 2022."
}
{
    "_id": "UNH20230442",
    "title": "",
    "text": "manage liquidity financial position business strategy. cash investments structure obligations liquidity financial flexibility. Cash flows earnings noncash expenses."
}
{
    "_id": "UNH20230443",
    "title": "",
    "text": "regulated subsidiaries generate cash subject minimum statutory capital restrictions dividends parent companies."
}
{
    "_id": "UNH20230444",
    "title": "",
    "text": ". subsidiaries paid dividends $8. billion. billion 2023 2022. Note 10 Financial Statements Part II 8."
}
{
    "_id": "UNH20230445",
    "title": "",
    "text": "nonregulated businesses generate cash flows. dividends financing long-term debt commercial paper credit facilities strengthen operating financial flexibility. cash expand reinvest repay debt return dividends repurchases common stock."
}
{
    "_id": "UNH20230468",
    "title": "",
    "text": "Sources Cash Equivalents Years Ended December millions.Sources cash operating activities,068,206 debt short borrowings repayments,280,536,481,256 common share issuances,353,355 Customer funds dispositions,729),386 Uses assumed,136),322 Common share repurchases dividends Purchases property equipment software,386(2,802),454 investments sales maturities,777,060 redeemable interests,338 Customer funds administered,110,737(1,564) Total uses cash,300 exchange rate changes cash equivalents increase cash equivalents,990"
}
{
    "_id": "UNH20230470",
    "title": "",
    "text": "Increased cash flows driven capital net earnings. cash cash acquisitions purchases decreased borrowings debt customer funds dispositions."
}
{
    "_id": "UNH20230472",
    "title": "",
    "text": "December 31, 2023 debt balances $75. 2 billion $25. 4 billion $1. 3 billion corporate $44. 9 billion debt $4. 9 billion equity. cash fluctuations liquidity capital position. operating cash commercial paper program reduce sell adverse. Note 4 Consolidated Financial Statements Part II fair value."
}
{
    "_id": "UNH20230473",
    "title": "",
    "text": "debt portfolio duration 4. years credit rating “Double December 31, 2023. multiple ratings average rating."
}
{
    "_id": "UNH20230475",
    "title": "",
    "text": "Cash Requirements. twelve months include medical costs accounts accrued liabilities borrowings maturities liabilities purchase commitments obligations. cash corporate assets accounts receivable."
}
{
    "_id": "UNH20230481",
    "title": "",
    "text": "long-term cash requirements include •Debt obligations. Note 8 II future payments. Interest coupon payments paid semi-annually. leases. Note 12 payments. •Purchase obligations. include $7. 9 billion, $3. 7 billion expected paid next twelve months fixed commitments purchase obligations agreements cancelable early termination penalty capital commitments venture capital funds. exclude agreements cancelable without penalty liabilities Balance Sheets December 31, 2023. liabilities. employee benefit programs tax benefits uncertainty timing. •Redeemable noncontrolling interests. Note 2. potential redemptions next twelve months."
}
{
    "_id": "UNH20230482",
    "title": "",
    "text": "expect cash long obligations generated future. generate cash current requirements issuance commercial paper long-term debt credit facilities investments. capital resources future liquidity needs."
}
{
    "_id": "UNH20230484",
    "title": "",
    "text": "Short-Term Borrowings. bank liquidity commercial paper borrowing program placement unsecured debt corporate purposes. Note 8 Consolidated Financial Statements Part II."
}
{
    "_id": "UNH20230485",
    "title": "",
    "text": "revolving bank credit facilities debt to-shareholders’ equity ratio not 60% increase. December 31, 2023 debt equity ratio 38%."
}
{
    "_id": "UNH20230486",
    "title": "",
    "text": "Long-Term Debt. access debt working capital refinance finance acquisitions share repurchases. Note 8 Consolidated Financial Statements Part II."
}
{
    "_id": "UNH20230491",
    "title": "",
    "text": "Credit Ratings. December 31, 2023&P. M. Best Senior unsecured debt#A2+ Commercial paper/a#AMB-1+"
}
{
    "_id": "UNH20230492",
    "title": "",
    "text": "financing equity profitability cash debt credit ratings covenants restrictions regulatory requirements economic conditions. credit adverse conditions cost borrowing access capital."
}
{
    "_id": "UNH20230493",
    "title": "",
    "text": "Share Repurchase Program. December 31, 2023 Board purchase 15 million shares common stock. amend increase. Note 10 Consolidated Financial Statements Part II Item 8 Supplementary Data."
}
{
    "_id": "UNH20230494",
    "title": "",
    "text": ". June 2023 increased quarterly dividend $7. 52 $6. 60 share. Note 10 Financial Statements Part II 8."
}
{
    "_id": "UNH20230495",
    "title": "",
    "text": "Acquisitions. December 31, 2023 health care regulatory approval closing conditions. capital $6 billion."
}
{
    "_id": "UNH20230496",
    "title": "",
    "text": "obligations requiring cash. evaluate opportunities expand operations development products acquisitions."
}
{
    "_id": "UNH20230498",
    "title": "",
    "text": "Critical accounting estimates management challenging complex judgments effects uncertain. judgments uncertainties sensitive different results assumptions conditions."
}
{
    "_id": "UNH20230500",
    "title": "",
    "text": "Medical costs payable estimates obligations services claims received processed. professional typical billing lag up to 90 days from. 90% claims settled within 90 days."
}
{
    "_id": "UNH20230501",
    "title": "",
    "text": "operating results include medical costs estimates. revised estimate less decrease costs (favorable. more (unfavorable. Medical costs 2023 2022 2021 included favorable development $840 million $410 million $1. 7 billion."
}
{
    "_id": "UNH20230503",
    "title": "",
    "text": "developing medical costs estimates methods month. recent two months estimate costs"
}
{
    "_id": "UNH20230504",
    "title": "",
    "text": "medical cost trend average member prior months data near-term completion factors."
}
{
    "_id": "UNH20230505",
    "title": "",
    "text": "Completion Factors. actuarial estimate historical experience trends percentage incurred claims period adjudicated date estimation. factors significant medical costs payable estimates prior recent two months. include judgments claim submissions time levels processing cycles other factors. claims submission rates care activity claim processing patterns reserve estimates impacted."
}
{
    "_id": "UNH20230514",
    "title": "",
    "text": "table illustrates factors impact medical costs December 31, 2023 Completion Factors Medical Costs Payable millions. 75#880.####585.####292.(867"
}
{
    "_id": "UNH20230515",
    "title": "",
    "text": "Medical Cost Per Member Month Trend Factors. costs estimates two months. developed claims provider contracting unit costs benefit design health care utilization indicators. pharmacy utilization inpatient hospital authorization seasonal incidence data National Centers for Disease Control. GDP growth employment disposable income. costs services benefits practices catastrophes epidemics pandemics."
}
{
    "_id": "UNH20230524",
    "title": "",
    "text": "table illustrates impact medical costs December 31, 2023 Medical Cost Quarterly Trend Increase Factors Medical Costs millions 3%,128(752),128"
}
{
    "_id": "UNH20230525",
    "title": "",
    "text": "completion medical costs trend outcomes estimating liabilities benefit claims."
}
{
    "_id": "UNH20230526",
    "title": "",
    "text": "Management believes medical costs unpaid claims December 31, 2023 payments differ estimates. 1% difference estimates AARP Medicare Supplement Insurance rebates 2023 earnings $245 million."
}
{
    "_id": "UNH20230528",
    "title": "",
    "text": "medical cost Note 2 Financial Statements Part II Item 8."
}
{
    "_id": "UNH20230530",
    "title": "",
    "text": "evaluate goodwill impairment annually event circumstances carrying value. assess qualitative factors carrying value exceeds estimated fair value. impact macroeconomic industry market cost financial performance events uncertainties. If impairment likely perform additional quantitative analyses. skip qualitative proceed quantitative testing. quantitative analysis test fair values carrying values. If fair value less than impairment recognized difference carrying goodwill."
}
{
    "_id": "UNH20230531",
    "title": "",
    "text": "estimate values units discounted cash flow method assumptions factors. assumptions financial projections revenue medical costs productivity income taxes capital long-term growth rates discount rates. comparative market multiples."
}
{
    "_id": "UNH20230532",
    "title": "",
    "text": "Financial projections growth rates units consistent with internal business plan strategies. Discount rates determined unit implied risk. significant estimate adjustments peer company costs. adjustments discount rate below cost. Company-specific adjustments discount rates subjective difficult measure. time information could assumptions change. analyses assumptions discount rates cash flow projections impact. October 1, 2023 completed annual impairment tests units fair values excess carrying values."
}
{
    "_id": "UNH20230534",
    "title": "",
    "text": "legal proceedings Note 12 Financial Statements Part II 8."
}
{
    "_id": "UNH20230536",
    "title": "",
    "text": "Investments in securities accounts receivable credit risk. managed policy Board Directors. limits amounts. government securities state municipal corporate debt obligations. accounts receivable employer groups client base. December 31, 2023 no significant concentrations."
}
{
    "_id": "UNH20230538",
    "title": "",
    "text": "market risks interest rates income fixed-rate investments debt foreign currency exchange. Brazilian real Chilean peso."
}
{
    "_id": "UNH20230539",
    "title": "",
    "text": "December 31, 2023 $34 billion financial assets market impact investment income. $20 billion financial liabilities debt deposit market interest swap contracts."
}
{
    "_id": "UNH20230541",
    "title": "",
    "text": "value fixed-rate investments debt varies interest rates. December 31, 2023 $43 billion fixed-rate $44 billion non-swapped-rate. increase decreases. decrease increases."
}
{
    "_id": "UNH20230542",
    "title": "",
    "text": "interest sectors debt maturities matching floating-rate assets liabilities swap contracts. Unrealized gains losses debt securities reported income."
}
{
    "_id": "UNH20230555",
    "title": "",
    "text": "tables summarize impact changes market interest rates 1% 2% December 31, 2023 2022 investment income interest expense fair value investments debt millions 31, 2023 Increase Market Interest Rate Income Expense Value Financial Assets Financial Liabilities 2,642,391,992 31, 2022 Interest Rate Income Expense Value Financial Assets Liabilities 2%#629#327,390,365,746,641"
}
{
    "_id": "UNH20230557",
    "title": "",
    "text": "exposure foreign currencies Brazilian real Chilean peso. dollar translation UnitedHealthcare results average assets liabilities. gains losses translating assets liabilities. dollars included equity income."
}
{
    "_id": "UNH20230558",
    "title": "",
    "text": "appreciation. dollar Brazilian Chilean peso reduces assets. 2023 10% 25% increase. assets $590 million $1. 3 billion. manage foreign currency risk business operations currencies."
}
{
    "_id": "UNH20230560",
    "title": "",
    "text": "December 31, 2023 $4. 9 billion equity venture employee savings non.-income funds. rates"
}
{
    "_id": "UNH20230568",
    "title": "",
    "text": "Report Independent Accounting Firm ID 34 Balance Sheets Operations Income Equity Cash Flows"
}
{
    "_id": "UNH20230584",
    "title": "",
    "text": ". Accounting Policies. Investments. Property Equipment Software. Goodwill Intangible Assets. Medical Costs. Borrowings Debt. Taxes. Equity. Compensation. Commitments Contingencies. Combinations."
}
{
    "_id": "UNH20230587",
    "title": "",
    "text": "shareholders Board UnitedHealth Group Financial Statements"
}
{
    "_id": "UNH20230588",
    "title": "",
    "text": "audited balance sheets UnitedHealth Group Subsidiaries December 31, 2023 2022 statements operations income equity cash flows three years related notes “financial. financial statements present financial position Company December 31, 2023 2022 results operations cash flows accounting principles United States."
}
{
    "_id": "UNH20230589",
    "title": "",
    "text": "audited Public Company Accounting Oversight Board control financial reporting December 31, 2023 Internal Control Integrated Framework report February 28, 2024 unqualified opinion."
}
{
    "_id": "UNH20230591",
    "title": "",
    "text": "financial statements responsibility management. opinion audits. public accounting firm registered PCAOB independent. federal securities laws Securities Exchange Commission PCAOB."
}
{
    "_id": "UNH20230592",
    "title": "",
    "text": "conducted audits standards PCAOB. standards require plan assurance financial statements free misstatement fraud. audits included risks misstatement. procedures included examining evidence amounts disclosures statements. accounting principles estimates management overall presentation. audits provide reasonable basis for opinion."
}
{
    "_id": "UNH20230594",
    "title": "",
    "text": "critical audit matter is from current-period audit of financial statements communicated to Audit and Finance Committee relates to accounts disclosures material challenging complex judgments. communication alter our opinion on financial statements not separate opinion."
}
{
    "_id": "UNH20230595",
    "title": "",
    "text": "Incurred Notes 2 7 financial statements."
}
{
    "_id": "UNH20230597",
    "title": "",
    "text": "Medical costs payable obligations services insured consumers claims received processed. develops estimates services actuarial model judgments. Judgments include cost member month trend completion factors care activity processing cycles."
}
{
    "_id": "UNH20230599",
    "title": "",
    "text": "identified medical care services IBNR critical audit management assumptions estimating liability. judgment increased effort actuarial specialists assumptions."
}
{
    "_id": "UNH20230604",
    "title": "",
    "text": "audit procedures medical care services IBNR included tested controls over estimate IBNR completion medical cost per member month trend factors claims membership data. tested underlying claims membership data actuarial analysis complete accurate. evaluated actuarial methods assumptions management IBNR"
}
{
    "_id": "UNH20230605",
    "title": "",
    "text": "overlay historical claims current model prior periods validate no material changes."
}
{
    "_id": "UNH20230606",
    "title": "",
    "text": "independent estimate IBNR services comparing."
}
{
    "_id": "UNH20230607",
    "title": "",
    "text": "review estimate IBNR claims 2023 2022."
}
{
    "_id": "UNH20230612",
    "title": "",
    "text": "served auditor."
}
{
    "_id": "UNH20230652",
    "title": "",
    "text": "millions 2023 2022 Cash,427,365 investments Accounts receivable $1,000 $877,681 receivables $2,084 $1,433,769 management,755,087 Prepaid expenses,437,069 investments,609,728 Property equipment software depreciation amortization $7,039 $6,930 Goodwill,732,352 intangible assets $7,279 $6,137,194,401,298,027,720 Liabilities equity Medical costs,395,056 Accounts accrued liabilities-term borrowings Unearned revenues,281,054,237 debt Deferred income taxes,463Commitments contingencies interests Equity Preferred stock. 10 shares no Common stock. shares 924 issued earnings,774,156 loss,027),393 Nonredeemable interests,678 equity,450 liabilities equity,720"
}
{
    "_id": "UNH20230684",
    "title": "",
    "text": "Years Ended December 31, millions Revenues Premiums,827,157,233 Products,437 Services,123,551,603 Investment income revenues,622,162 Operating costs Medical costs,842,579 products,770,703 Depreciation amortization,400 operating costs,264,627 Earnings operations,358,435,970 Interest expense taxes,112,343,310 taxes Net earnings,144,639 noncontrolling interests UnitedHealth Group shareholders,381,120,285 Earnings.-average shares####928####937####943 Dilutive effect Diluted####938####950####956 Anti-dilutive shares excluded####3####1"
}
{
    "_id": "UNH20230703",
    "title": "",
    "text": "Years Ended December 31, millions Net earnings,144,639 income unrealized gains investment securities,139,292) tax unrealized gains net tax,308) reclassification adjustment earnings reclassification adjustment tax foreign currency translation gains income,366(3,009) income,162 noncontrolling interests UnitedHealth Group shareholders,747,111"
}
{
    "_id": "UNH20230740",
    "title": "",
    "text": "Stock Paid Capital Income Interests Unrealized Gains Currency Balance January 1 2021,295,336,150 Net earnings,285 loss Issuances common stock tax effects Share-based Common share repurchases,060 Cash dividends common shares.60 share,280 interests Acquisition adjustments Distributions Balance December 31, 2021,134,285 earnings,120 gains,201 Issuances common stock tax effects Share Common share repurchases,107 dividends shares$6.40 share Redeemable noncontrolling interests Acquisition Distributions Balance December 31, 2022,156,678 Net earnings,381 income Issuances common stock tax effects Share Common share repurchases Cash dividends$7. 29 per share(6,761 Redeemable noncontrolling interests Acquisition Distributions Balance December 31, 2023,774"
}
{
    "_id": "UNH20230787",
    "title": "",
    "text": "Years Ended December 31, millions Net earnings,144,639 Noncash items Depreciation amortization,400 Deferred income taxes Share compensation items AARP balances Accounts receivable,114 Other assets,444,374 Medical costs,053,701 Accounts payable liabilities,162 Unearned revenues Cash flows,068,206 Investing Purchases,314) Sales Maturities,230,251,136 Purchases property equipment software,386,454 Cash dispositions Cash flows,476,372 Financing share repurchases dividends(5,991),280 common stock issuances,353,355 Repayments long-term debt,125(3,015),150) short-term borrowings,302) long debt,394 Customer funds Purchases redeemable noncontrolling interests,338,150)(1,944) financing activities,226(7,455) exchange rate changes Increase equivalents,990,365,375 end,427,365,375 cash flow interest income taxes,222"
}
{
    "_id": "UNH20230793",
    "title": "",
    "text": "UnitedHealth Group Incorporated health care mission healthier health system better. businesses Optum UnitedHealthcare modern high-performing health system improved access affordability outcomes experiences organizations."
}
{
    "_id": "UNH20230796",
    "title": "",
    "text": "Company prepared Consolidated Financial Statements. included accounts UnitedHealth Group."
}
{
    "_id": "UNH20230798",
    "title": "",
    "text": "Consolidated Financial Statements include amounts best estimates judgments. significant estimates medical costs goodwill. require complex assumptions judgments uncertain. impact change included earnings."
}
{
    "_id": "UNH20230801",
    "title": "",
    "text": "Premium revenues risk arrangements fixed one-year Company assumes risk health care costs."
}
{
    "_id": "UNH20230802",
    "title": "",
    "text": "Premium revenues recognized health care benefits. premium payments unearned revenues. insured. health plans Medicare Advantage Prescription Drug Benefit Patient Protection Affordable Care Act targets rebate premiums annually. Commercial premiums subject risk adjustment program. Medicare Advantage revenue Centers Medicare Medicaid quality bonuses. Medicaid business state MLR rebates."
}
{
    "_id": "UNH20230803",
    "title": "",
    "text": "Premium revenues recognized estimated rebates ultimate premiums. records revenues value-based arrangements Optum Health care businesses. agreements health plans deliver health care services. receives premium per-patient-month. single performance obligation premium revenues recognized health care services."
}
{
    "_id": "UNH20230805",
    "title": "",
    "text": "Company’s Medicare Advantage Medicare Part D premium revenues CMS’ risk adjustment methodology. premiums health plans health severity demographic factors. higher payments lower healthier. calculates premium data hospital. Company health providers collect submit data CMS deadlines. Company estimates premium revenues data. data review government audit regulators. See Note 12."
}
{
    "_id": "UNH20230807",
    "title": "",
    "text": "Company’s Optum Rx pharmacy services business majority revenues from products retail. revenues include cost dispensing fee customer co-payments. products billed transactions billing period. revenues recognized when prescriptions dispensed. Company contracts pay network pharmacy providers benefits. establishing prices determining drugs formulary listings pharmacies network revenues reported gross."
}
{
    "_id": "UNH20230808",
    "title": "",
    "text": "Services revenue products sold Optum. net patient billing rates contractual adjustments recognized provided. charges fees earns investment income funds. provides software consulting services contracts delivered over years. revenues recognized over measured progress."
}
{
    "_id": "UNH20230809",
    "title": "",
    "text": "Services revenue fees health care. fee contracts Company receives monthly fee per employee recognized as revenue services. customers retain risk health care Company administers funds physicians from-funded bank accounts. Company premium revenue medical costs Consolidated Financial Statements. fee-based Company provides coordination medical services transaction processing services access networks physicians hospitals. services performed contract period."
}
{
    "_id": "UNH20230810",
    "title": "",
    "text": "2023 2022 receivables $8. 6 billion $7. 1 billion. bad-debt expense contract assets liabilities deferred costs Balance."
}
{
    "_id": "UNH20230811",
    "title": "",
    "text": "years ended December 2023 2022 2021 revenue obligations."
}
{
    "_id": "UNH20230812",
    "title": "",
    "text": "December 31, 2023 revenue recognized performance obligations excluding one year less invoiced variable $11. 8 billion half recognized next three years."
}
{
    "_id": "UNH20230813",
    "title": "",
    "text": "Note 14 disaggregation."
}
{
    "_id": "UNH20230815",
    "title": "",
    "text": "estimate liability unpaid December 31, 2023."
}
{
    "_id": "UNH20230816",
    "title": "",
    "text": "Company re-examines medical costs estimates based submissions changes facts. complete information adjusts estimates includes changes. 90% claims settled within 90 days all within twelve months."
}
{
    "_id": "UNH20230818",
    "title": "",
    "text": "Medical costs payable include estimates obligations services claims not received processed paid. develops estimates services incurred not reported actuarial process. models consider time to processing seasonal variances contract rate changes activity trends membership volume"
}
{
    "_id": "UNH20230819",
    "title": "",
    "text": "demographics technologies benefit business mix."
}
{
    "_id": "UNH20230820",
    "title": "",
    "text": "medical costs estimates Company applies estimation methods claims. recent two months estimates costs applying cost trend factors average costs prior months supplemented near-term completion factors estimates percentage incurred claims adjudicated. months prior applies completion factors claims estimate incurred claims."
}
{
    "_id": "UNH20230822",
    "title": "",
    "text": "cost includes dispensed unaffiliated customers home delivery community pharmacy pharmacies. Rebates unaffiliated clients accrued receivable reduction cost remitted recorded Consolidated Statements Operations reduction product revenue. includes personnel processing system sales maintenance professional services."
}
{
    "_id": "UNH20230824",
    "title": "",
    "text": "Cash equivalents liquid three months. fair value approximates carrying value short maturity. less one year short-term. long-term maturity. held-to-maturity reports amortized cost. investments available-for-sale reported fair value market prices. Equity investments measured fair value exceptions adjustments impairment transaction. Changes fair value recognized net earnings."
}
{
    "_id": "UNH20230825",
    "title": "",
    "text": "Company excludes gains losses debt securities reports income separate equity. gains losses identifies cost investment."
}
{
    "_id": "UNH20230826",
    "title": "",
    "text": "Company evaluates debt security credit impairment cash flows cost fair value financial condition prospects issuer operations. Credit-related impairments recorded allowance investment income. Non-credit impairments recorded income. impaired security cost impairment included in net earnings."
}
{
    "_id": "UNH20230827",
    "title": "",
    "text": "information change judgments. Company manages investment portfolio exposure issuer limits quality."
}
{
    "_id": "UNH20230829",
    "title": "",
    "text": "Company provides health insurance AARP Program Medicare Advantage Part D. include Medicare benefits hospital indemnity insurance 50 64 related products."
}
{
    "_id": "UNH20230831",
    "title": "",
    "text": "Company’s agreement with AARP program assets managed separately investment portfolio costs AARP Program. invested at discretion guidelines approved AARP. guarantee return AARP cash equal fair value. fund medical costs rate stabilization fund) liabilities AARP contract as current assets."
}
{
    "_id": "UNH20230832",
    "title": "",
    "text": "AARP accrue benefit AARP policyholders RSF balance. Company excludes Statements Cash Flows."
}
{
    "_id": "UNH20230834",
    "title": "",
    "text": "receivables manufacturers Medicare discounts accrued interest Company."
}
{
    "_id": "UNH20230835",
    "title": "",
    "text": "pharmacy businesses contract manufacturers provide rebates clients. accrues rebates contracts estimates. bill rebates monthly quarterly record medical costs. receives rebates two to five months after billing. December 31, 2023 2022 pharmaceutical manufacturer rebates $11. 0 billion $8. 2 billion."
}
{
    "_id": "UNH20230837",
    "title": "",
    "text": "expenses $2. $3. 5 billion 2023 2022."
}
{
    "_id": "UNH20230839",
    "title": "",
    "text": "Property equipment capitalized software cost depreciation amortization. Capitalized software internal materials services payroll costs."
}
{
    "_id": "UNH20230840",
    "title": "",
    "text": "Company calculates depreciation amortization. property software Furniture fixtures 3 10 years"
}
{
    "_id": "UNH20230843",
    "title": "",
    "text": "Leasehold improvements lease term life."
}
{
    "_id": "UNH20230845",
    "title": "",
    "text": "Company leases facilities equipment long-term leases non-cancelable expire. commencement assets liabilities recognized present value future lease payments obligations. interest incremental borrowing rate lease term."
}
{
    "_id": "UNH20230846",
    "title": "",
    "text": "ROU assets lease liabilities Consolidated Balance Sheet."
}
{
    "_id": "UNH20230848",
    "title": "",
    "text": "goodwill Company performs impairment tests. qualitative factors carrying value unit estimated fair value. skip quantitative testing. estimates fair values discounted cash flows. assumptions internal external factors. financial projections cash capital income long growth rates discount rates. Comparative market multiples corroborate results cash flow. fair value less carrying value impairment recognized difference carrying goodwill."
}
{
    "_id": "UNH20230850",
    "title": "",
    "text": "no goodwill 2022 2021."
}
{
    "_id": "UNH20230852",
    "title": "",
    "text": "Company’s finite-lived assets impairment tests. indefinite-lived assets tested annually. no impairment 2023 2022 2021."
}
{
    "_id": "UNH20230854",
    "title": "",
    "text": "liabilities savings deposits$13. billion 2023 premium rebates AARP benefits customer balances."
}
{
    "_id": "UNH20230856",
    "title": "",
    "text": "short insurance contracts one-year term canceled 30 notice. Costs acquisition renewal charged."
}
{
    "_id": "UNH20230866",
    "title": "",
    "text": "Redeemable noncontrolling interests subsidiaries temporary equity. options unowned shares redeemable after. accretes redemption value earliest redemption date. redeemable difference carrying estimated redemption value material. table redeemable noncontrolling activity December 2023 2022 millions interests Net earnings Acquisitions,108 Redemptions Distributions Fair value adjustments"
}
{
    "_id": "UNH20230868",
    "title": "",
    "text": "Company recognizes compensation share-based awards stock options restricted stock units service period retirement date. Restricted shares vest four years price. Stock options vest four years 10 years. fair value date grant estimated binomial option-pricing model. Employee Stock Purchase Plan employees purchase stock discounted price 90% market price end six-month purchase period. compensation recognized operating costs Consolidated Statements Operations."
}
{
    "_id": "UNH20230871",
    "title": "",
    "text": "Company computes earnings per share UnitedHealth Group by-average. determines diluted earnings adjusted for dilutive shares stock options restricted shares ESPP treasury stock method. assumes issuance shares assumed proceeds stock average market price. proceeds include employee unrecognized compensation cost. difference between issued purchased represents dilutive shares."
}
{
    "_id": "UNH20230902",
    "title": "",
    "text": "summary debt securities millions Cost Gains Losses Value December 31, 2023 Debt securities-sale. government agency obligations State,353 Corporate. mortgage securities Non. securities,786 debt securities-sale,451,895 Debt securities held-to-maturity. obligations State municipal Corporate Total debt securities held-maturity securities December 31, 2022 securities-sale. government agency obligations,093,809 State municipal,248 Corporate obligations.mortgage securities,379 Non-U.,784 debt securities-sale,664,321 securities held-to-maturity. obligations State municipal Corporate debt securities held-to-maturity debt securities,622,681)"
}
{
    "_id": "UNH20230903",
    "title": "",
    "text": "investments mortgage rated December 31, 2023."
}
{
    "_id": "UNH20230905",
    "title": "",
    "text": "Company held $4. 9 billion $3. 7 billion equity securities December 2023 2022. venture employee savings Brazilian-income funds. $1. 4 billion $1. 5 billion health care. credit losses-maturity securities."
}
{
    "_id": "UNH20230915",
    "title": "",
    "text": "amortized cost value debt securities December 31, 2023-Sale-Maturity millions Value Due year,286 five,556 ten ten years U. S. mortgage-backed securities,296 Non-U. mortgage-backed securities,786 Total debt securities,451,895"
}
{
    "_id": "UNH20230932",
    "title": "",
    "text": "value-sale debt securities unrealized losses type continuous loss Than 12 Months Months Greater millions Unrealized Losses December 31, U. S. government agency obligations,347 State municipal obligations Corporate obligations,186). agency mortgage-backed securities Non-U. agency mortgage-backed securities Total debt securities available-for-sale,107,726 December 31,.agency obligations(96),297 State municipal obligations Corporate obligations(893)(905)(1,798). agency mortgage securities(808) Non. securities debt securities-sale,899,750),320(1,914),219,664"
}
{
    "_id": "UNH20230933",
    "title": "",
    "text": "unrealized losses December 31, 2023 30,000 40,000. believes principal interest securities fair value. losses caused by interest rate increases not credit quality. evaluates securities credit impairment fair value less than amortized cost. evaluated cash flows credit quality ratings no credit deterioration since purchase. intent to sell unrealized loss. losses temporary. allowance for credit losses 2022."
}
{
    "_id": "UNH20230936",
    "title": "",
    "text": "assets liabilities measured at fair value in Consolidated Financial Statements in Notes. classified into three levels hierarchy defined by GAAP. inputs fair value different levels categorized based on lowest level input significant. assessment significance requires judgment inputs."
}
{
    "_id": "UNH20230937",
    "title": "",
    "text": "hierarchy summarized"
}
{
    "_id": "UNH20230938",
    "title": "",
    "text": "Quoted prices assets markets."
}
{
    "_id": "UNH20230943",
    "title": "",
    "text": "Level 2 observable inputs prices active markets inactive markets. limited information high variability quoted prices. interest rates yield curves volatilities credit corroborated market data."
}
{
    "_id": "UNH20230944",
    "title": "",
    "text": "Unobservable inputs market."
}
{
    "_id": "UNH20230945",
    "title": "",
    "text": "no transfers Level 3 2023 2022."
}
{
    "_id": "UNH20230946",
    "title": "",
    "text": "Nonfinancial assets liabilities subject adjustments Company impairment. 2023 2022 2021 recognized $276 million $211 million $840 million unrealized gains adjustments equity securities venture portfolio. no other significant value adjustments 2023 2022 2021."
}
{
    "_id": "UNH20230947",
    "title": "",
    "text": "methods assumptions estimate fair value classification financial instrument tables"
}
{
    "_id": "UNH20230948",
    "title": "",
    "text": "Cash Equivalents. carrying value approximates value maturities less three months. Level 2."
}
{
    "_id": "UNH20230949",
    "title": "",
    "text": "Debt Equity Securities. values based on quoted market prices. Company obtains price from third-party pricing service uses inputs for fair value. derives prices through trades makes adjustments market information. For not may use quoted market prices discounted cash flow analyses inputs. Inputs include benchmark yields credit spreads default rates prepayment speeds nonbinding broker quotes. Company fair value performs quarterly analyses on prices. compares prices to secondary pricing. compares market values returns to market indices. internal price verification procedures reviews value adjustment to prices."
}
{
    "_id": "UNH20230950",
    "title": "",
    "text": "debt securities trade markets priced inputs Level 2."
}
{
    "_id": "UNH20230951",
    "title": "",
    "text": "value estimates Level 1 2 equity securities based quoted market prices data instruments transactions."
}
{
    "_id": "UNH20230952",
    "title": "",
    "text": "values Level 3 investments estimated management assumptions qualitative observations."
}
{
    "_id": "UNH20230953",
    "title": "",
    "text": "procedures third-party pricing validates assumptions inputs security pricing determines classification hierarchy."
}
{
    "_id": "UNH20230955",
    "title": "",
    "text": "Assets Under Management. debt securities investments AARP Program priced classified investments."
}
{
    "_id": "UNH20230956",
    "title": "",
    "text": "Long-Term Debt. estimated classified investments debt."
}
{
    "_id": "UNH20230984",
    "title": "",
    "text": "table fair value measurements Consolidated Balance Sheets Prices Markets Inputs Inputs Fair Carrying Value December 31, Cash equivalents,345 Debt securities-sale. government agency obligations State municipal obligations Corporate obligations. mortgage-backed securities Non-U. mortgage-backed securities Total debt securities Equity securities Assets management Total assets fair value,500 Percentage December 31, Cash equivalents,202,365 Debt securities available-for-sale.government agency obligations,809 State municipal Corporate obligations. securities Non-U. securities Total debt securities-sale,321 Equity securities,148 Assets management,087 Total assets fair value#30,545,018 Percentage assets"
}
{
    "_id": "UNH20230992",
    "title": "",
    "text": "table fair value measurements values financial instruments Consolidated Balance Sheets Prices Active Markets 1) Inputs 2) Inputs 3) Fair Value Carrying Value December 31, 2023 Debt securities held-to-maturity debt December 31, 2022 Debt securities held-to-maturity debt,626"
}
{
    "_id": "UNH20230994",
    "title": "",
    "text": "carrying amounts Consolidated Balance Sheets assets liabilities short-term. table."
}
{
    "_id": "UNH20231007",
    "title": "",
    "text": "property equipment software millions 2023 2022 Land improvements Buildings Computer equipment Furniture fixtures,113 depreciation,210 Property equipment Capitalized software amortization software,205 property software net,450,128"
}
{
    "_id": "UNH20231008",
    "title": "",
    "text": "Depreciation property equipment 2023 2022 2021. Amortization capitalized software 2023 2022 2021 $1. 2. 9 billion."
}
{
    "_id": "UNH20231018",
    "title": "",
    "text": "Changes goodwill millions Health Insight Rx Balance January 1 2022,389,224,619,563,795 Acquisitions,158,623 currency Balance December 31, 2022,395,238,244,475,352 Acquisitions,121 Balance December 31, 2023,878,079,307,468,732"
}
{
    "_id": "UNH20231027",
    "title": "",
    "text": "gross accumulated amortization net value intangible assets 31, 31, 2022 millions Amortization Customer-related,636(5,909),727,303,179,124 Trademarks technology(958),398 licenses certificates trademarks indefinite-lived,116,176 Total,473(7,279),194,538,137,401"
}
{
    "_id": "UNH20231036",
    "title": "",
    "text": "acquisition date values lives intangible assets year millions Value-Average Useful Life Customer-related years years Trademarks technology years years years years finite-lived years years indefinite-lived licenses certificates trademarks intangible assets"
}
{
    "_id": "UNH20231043",
    "title": "",
    "text": "intangible assets five years 31 2024 2025 2026,328 2027 2028,187"
}
{
    "_id": "UNH20231044",
    "title": "",
    "text": "Amortization 2023 2022 2021. 6. 3. 2 billion."
}
{
    "_id": "UNH20231058",
    "title": "",
    "text": "table shows medical costs December 31,056,483 Acquisitions costs Current year,734,631 Prior years costs,842 payments current year,380),049)(165,524) prior years(27,176),864 payments(238,556),577),388) end period,395,056,483"
}
{
    "_id": "UNH20231059",
    "title": "",
    "text": "years December 2023 2022 no factors. December 2021 driven lower care activity disrupted COVID-19."
}
{
    "_id": "UNH20231061",
    "title": "",
    "text": "Medical costs $22. billion $20. December 2023 2022. balance current."
}
{
    "_id": "UNH20231077",
    "title": "",
    "text": "incurred medical cost December 31, 2023 Medical Costs millions Years,476 2023,734,210 Cumulative Medical Payments millions,049) 2023,380)(420,944) liabilities 2022 medical costs,395"
}
{
    "_id": "UNH20231146",
    "title": "",
    "text": "debt Value December $625 million. 750% February $750 million. 875% March. 500% June. million. 550% May million. 375% August $500 million. October $2,000 million. 750% July $750 million. 150% October $300 million. 700% December million. 250% $1,000 million. 100% million 150% million. 450% million. 375% $600 million. 700% May million. 950% October $1,000 million. 250% February,150 million. 850% June $850 million. 875% December million. 250% January million. $1,000 million. 875% August,250 million.February 2030,250 million.,500 million. 300%,500 million. 200% million. 350% February,500 million. 500% million. 625% July million. 800% March million. 500% June million. November,100 million. 875% February,250 million. 500% August 2039 $1,000 million. 750% May million. 700% $350 million. 950% February,500 million. May million. 625% November $502 million. 375% March 2042 $625 million. 950% October million. 250% March $2,000 million. 750% July. 200% million. 250% April million. 750% October,350 million.June 2048,100 million. December 2048,250 million. 700% August 2049,250 million. 900% $2,000 million. 250% 2051. 750% 2052. 875% February 2053.,250 million. 875% August 2059 million. 125% May. 950% 2062,500 million. February 2063,750 million. 200% April 2063 short-term borrowings"
}
{
    "_id": "UNH20231147",
    "title": "",
    "text": "long-term. billion. 9 billion $188 million $192 million 2023 2022."
}
{
    "_id": "UNH20231155",
    "title": "",
    "text": "borrowings debt 31 2024,276 2025 2026 2027 2028,174,176"
}
{
    "_id": "UNH20231157",
    "title": "",
    "text": "Commercial paper short senior unsecured debt. December 2023 interest. 4%."
}
{
    "_id": "UNH20231158",
    "title": "",
    "text": "Company has $6. billion. three. 364-day facilities 25 banks 2028 2026 2024. liquidity commercial paper program corporate purposes. December 2023 no amounts drawn. annual interest rates one Secured Financing Rate Adjustment 10 points spread credit ratings. 5. 8% to 8. 5%."
}
{
    "_id": "UNH20231161",
    "title": "",
    "text": "facilities covenants-shareholders’ equity not 60%. debt covenants December 31, 2023."
}
{
    "_id": "UNH20231163",
    "title": "",
    "text": "current income tax reflects revenues taxable deductible returns. deferred reflects net change assets liabilities excluding acquired businesses."
}
{
    "_id": "UNH20231172",
    "title": "",
    "text": "components income taxes December 31 millions Provision Federal#4,418 State local Foreign provision,213,377 Deferred provision(673 Total income taxes#5,968"
}
{
    "_id": "UNH20231182",
    "title": "",
    "text": "reconciliation tax provision U. federal statutory rate income taxes years ended December 31 millions percentages Tax provision. federal statutory rate,114. State income taxes net federal benefit. Share-based awards excess tax benefit. Non compensation. Foreign rate differential. Other. Provision income taxes#5,968.#5,704.#4,578."
}
{
    "_id": "UNH20231208",
    "title": "",
    "text": "Deferred income tax assets liabilities differences tax rates laws. December 31 assets Accrued expenses allowances. loss Share compensation Nondeductible liabilities Non-U. tax loss Lease liability unrealized losses investments-domestic-non-U. Subtotal,061 valuation allowances deferred income tax assets liabilities. state intangible assets,712) Non. goodwill Capitalized software Depreciation amortization Prepaid expenses partnerships Lease right-of-use Other-non-U. deferred tax liabilities"
}
{
    "_id": "UNH20231209",
    "title": "",
    "text": "Valuation allowances deferred tax. tax benefits federal state non-U. loss carryforwards. federal $125 million expire 2026 2042 $360 million indefinite state 2024 2043 indefinite. non-U. S. carryforwards indefinite. December 2023 non-U. carryforwards deferred tax $4. 5 billion."
}
{
    "_id": "UNH20231211",
    "title": "",
    "text": "December 2023 earnings non. subsidiaries reinvested. operations no. deferred taxes. remittance minimal."
}
{
    "_id": "UNH20231221",
    "title": "",
    "text": "reconciliation unrecognized tax benefits December 31 millions benefits#3,081#2,310#1,829 increases positions Prior decreases(21)(47) limitations lapses settlements(32)(20) end period#3,716#2,310"
}
{
    "_id": "UNH20231222",
    "title": "",
    "text": "Company believes liability tax benefits $145 million audit settlements statutes."
}
{
    "_id": "UNH20231223",
    "title": "",
    "text": "Company interest penalties. 2022 2021 recognized $177 million $64 million $66 million interest penalties. $430 million $253 million accrued interest penalties tax positions. reconciliation. $2. billion unrecognized tax benefits tax rate."
}
{
    "_id": "UNH20231224",
    "title": "",
    "text": "Company files tax returns United States non-U. jurisdictions. completed exams 2016. 2017 2020 years review Compliance. subject state tax examinations 2014. subject examination non-U. jurisdictions 2015."
}
{
    "_id": "UNH20231227",
    "title": "",
    "text": "Company’s insurance HMO subsidiaries subject to regulations standards in jurisdictions. standards require maintain capital restrict timing dividends distributions parent companies. United States state regulations consistent with NAIC. permit dividends from surplus limited based on net income capital surplus. “ordinary paid without regulatory approval. If exceeds limit paid from surplus “extraordinary approval."
}
{
    "_id": "UNH20231228",
    "title": "",
    "text": "2023 HMO subsidiaries paid $8. billion $4. 9 billion extraordinary. 2022 $8. billion $7. billion extraordinary."
}
{
    "_id": "UNH20231229",
    "title": "",
    "text": "Company subsidiaries capital surplus $38. 5 billion December 31, 2023. requirements $18. 3 billion."
}
{
    "_id": "UNH20231231",
    "title": "",
    "text": "Optum Bank capital FDIC. December 31, 2023 believes met FDIC Capitalized."
}
{
    "_id": "UNH20231233",
    "title": "",
    "text": "Board authorization Company maintains share repurchase program. objectives optimize capital structure cost returns offset dilutive impact awards. Repurchases open market purchases transactions subject restrictions. June 2018 Board renewed repurchase program repurchase 100 million shares common stock. amend increase authorized shares."
}
{
    "_id": "UNH20231240",
    "title": "",
    "text": "summary common share repurchases December 2023 2022 Ended December millions repurchases shares average price share. 79. 67 cost authorized shares"
}
{
    "_id": "UNH20231242",
    "title": "",
    "text": "June 2023 Board increased quarterly dividend $7. 52 $6. 60 share June 2022. future dividends Board market conditions."
}
{
    "_id": "UNH20231249",
    "title": "",
    "text": "2023 dividend payments Payment Date March 21. June 27. September 19. December 12."
}
{
    "_id": "UNH20231251",
    "title": "",
    "text": "awards non-qualified options restricted shares. 53 million shares 2020 Stock Incentive Plan. 17 million shares common stock."
}
{
    "_id": "UNH20231263",
    "title": "",
    "text": "Stock option activity December 2023 summarized table Exercise Price Contractual Life Intrinsic Value years Granted Exercised Forfeited end period.#4,451.####3,595 Vested end period####318.####4,430"
}
{
    "_id": "UNH20231270",
    "title": "",
    "text": "share activity 2023 summarized millions-Average Grant Date Value Share Nonvested Granted Vested Nonvested"
}
{
    "_id": "UNH20231288",
    "title": "",
    "text": "millions share Years Ended December 31, Stock stock options,325 Restricted date share shares#803#560 Employee Stock Purchase shares purchased Share-Based Compensation compensation expense tax#925#800 tax tax benefit share-based award exercises millions 31, 2023 Unrecognized compensation expense share awards,134 years compensation expense."
}
{
    "_id": "UNH20231297",
    "title": "",
    "text": "assumptions grant stock options Years Ended December Risk-free interest rate. 8% 4. 6%. 3%. 2% volatility. 7%. 6%. 8% dividend yield. 3%. 5%. Forfeiture rate. life years."
}
{
    "_id": "UNH20231298",
    "title": "",
    "text": "Risk-free interest rates. Treasury yields. volatilities stock implied exchange-traded options. dividend yields per share dividend. uses historical data option exercises forfeitures. lives options awards outstanding patterns."
}
{
    "_id": "UNH20231300",
    "title": "",
    "text": "Company offers 401 plan. Compensation 2023 2022 2021."
}
{
    "_id": "UNH20231302",
    "title": "",
    "text": "Company non-qualified deferred compensation plans salary. deferrals recorded long investments"
}
{
    "_id": "UNH20231303",
    "title": "",
    "text": "liabilities Consolidated Balance Sheets. deferrals $1. 9 billion. 6 billion December 2023 2022."
}
{
    "_id": "UNH20231306",
    "title": "",
    "text": "lease costs. 4 billion. 3 billion. 2 billion 2023 2022 2021. Cash payments liabilities. 1 billion. billion. 9 billion Consolidated Statements Cash Flows. lease term discount rate 8. 7 years. 0%."
}
{
    "_id": "UNH20231317",
    "title": "",
    "text": "December 31, 2023 lease payments Lease Payments 2024 2025 2026 2027 2028,210 lease payments interest"
}
{
    "_id": "UNH20231319",
    "title": "",
    "text": "Company guarantees service level contracts. standards fee dollar amount. amounts accrued guarantees December 31, 2023 2022 2021."
}
{
    "_id": "UNH20231321",
    "title": "",
    "text": "December 2023 Company health care regulatory approval closing conditions. capital indebtedness $6 billion."
}
{
    "_id": "UNH20231323",
    "title": "",
    "text": "December 22, 2023 Company operations Brazil investor approval. February 6 2024 loss $7 billion March 31, 2024 foreign currency losses."
}
{
    "_id": "UNH20231325",
    "title": "",
    "text": "Company legal inquiries class actions suits members providers customers regulators health. medical malpractice employment intellectual property antitrust privacy contract health care business practices."
}
{
    "_id": "UNH20231327",
    "title": "",
    "text": "Company records liabilities probable costs. Estimates costs legal regulatory matters difficult predict particularly indeterminate claims fines penalties damages novel legal theories regulatory policy large claimants early stages proceedings business practices. unable estimate losses reasonable possibility loss."
}
{
    "_id": "UNH20231329",
    "title": "",
    "text": "Company involved in governmental investigations audits reviews. CMS insurance health welfare departments attorneys Inspector General Personnel Management Civil Rights Government Accountability Office Federal Trade Commission. Congressional committees. Department Justice SEC IRS. Drug Enforcement Administration. Department Labor FDIC Consumer Financial Protection Bureau Defense Contract Audit Agency. international businesses foreign governments American non-U. businesses compliance Medicare risk-adjustment model. CMS selected plans for audits adjustments health plans."
}
{
    "_id": "UNH20231330",
    "title": "",
    "text": "February 14 2017 DOJ Company whistleblower 2011. unsealed February 15 2017 improper risk False Claims Act. February 12, 2018 court motion dismiss. May 2018 DOJ counterclaims 2018 partial summary judgment. March 2019 court denied dismissed counterclaims. estimate outcome procedural status."
}
{
    "_id": "UNH20231332",
    "title": "",
    "text": "2023 Company combinations $10. 2."
}
{
    "_id": "UNH20231348",
    "title": "",
    "text": "Acquired assets millions Cash Accounts receivable Property equipment long-term assets intangible assets,174 assets,602 Medical costs Accounts liabilities long-term assets,166 Goodwill,121 Redeemable Net assets,240"
}
{
    "_id": "UNH20231349",
    "title": "",
    "text": "goodwill not deductible. preliminary purchase price allocations valuation analyses assets liabilities."
}
{
    "_id": "UNH20231350",
    "title": "",
    "text": "operations acquired entities included consolidated results acquisition. year December 31, 2023 impact revenues earnings material."
}
{
    "_id": "UNH20231352",
    "title": "",
    "text": "Unaudited revenues earnings December 2023 2022 January 1 immaterial."
}
{
    "_id": "UNH20231354",
    "title": "",
    "text": "Factors reportable segments economic characteristics senior management teams information. segments similar economic characteristics products services customers distribution processes regulatory combined."
}
{
    "_id": "UNH20231359",
    "title": "",
    "text": "products segments Employer Individual Medicare Retirement Community & State. share assets physicians professionals hospitals facilities information technology resources. UnitedHealthcare Employer Individual health benefit plans services. benefits hospital services South America. Medicare Retirement 50 older. Community & State economically disadvantaged medically underserved without employer-funded coverage. Health care delivery value-based care management wellness engagement financial services. health care high-quality care health needs digital platforms. Insight technology health care expertise services solutions. Hospital systems physicians health plans governments life sciences companies organizations performance efficiency costs. Rx offers pharmacy care services retail home delivery specialty community health pharmacy infusion purchasing clinical capabilities programs step therapy formulary management drug adherence disease therapy management.Optum Rx pharmacy complex digital pharmacy transparent pricing."
}
{
    "_id": "UNH20231360",
    "title": "",
    "text": "accounting policies Summary Accounting Policies 2). Transactions sales pharmacy Optum Rx care delivery Optum Health health Optum Insight. recorded at fair value. affiliated eliminated consolidation. Assets liabilities assigned segment pro-rata usage. Cash investments assigned working capital regulatory capital."
}
{
    "_id": "UNH20231362",
    "title": "",
    "text": "premium revenues CMS 40% 38% 36% 2023 2022 2021 generated UnitedHealthcare Medicare Retirement. U. S. customer revenue 97% revenues. Long-lived fixed assets 82% 81%. non-U. S. revenues UnitedHealthcare international businesses."
}
{
    "_id": "UNH20231411",
    "title": "",
    "text": "table presents reportable segment financial information millions Health Insight Rx Eliminations Eliminations 2023 Revenues unaffiliated customers Premiums,052,775,827 Products,214 Services,109,066,123 Total revenues unaffiliated customers,109,424 Total revenues affiliated customers,696,484,373 Investment income,251,089 Total revenues,360,319,932,373),622 Earnings operations,268,115,943Interest expense,246) Earnings before taxes,268,115,943,246),112 Total assets,943,432,173,094),720 Purchases property equipment software,199,386 Depreciation amortization,983 Revenues unaffiliated customers Premiums,374,157 Products,172 Services,917,551 Total revenues unaffiliated customers,818,363,176,775,314,132 Total revenues affiliated customers,883,288,936,760,347 Investment,107 revenues#249,741,174#14,581#99,773,760#182,768(108,347#324,162 Earnings operations,379#3,588#4,436,056,435 Interest expense(2,092) Earnings taxes,379#6,032,056(2,092),343 assets#107,094,950,090,476#147,516(8,905) Purchases property equipment software Depreciation amortization,427,400 Revenues unaffiliated customers Premiums#212,381,852,233 Products,246,437 Services,112,942,603 revenues unaffiliated customers,042,778,095,358,231,273 affiliated customers,234,779(2,013),867 Investment income revenues,899,065,199,314(2,013),565(90,867) Earnings operations,398,135,995,970 Interest expense(1,660) Earnings before income taxes,398,135,995,310 Total assets,967,474,868,181(8,284),206 Purchases property equipment software,454 Depreciation amortization####818,103"
}
{
    "_id": "UNH20231412",
    "title": "",
    "text": "DISAGREEMENTS DISCLOSURE"
}
{
    "_id": "UNH20231413",
    "title": "",
    "text": "."
}
{
    "_id": "UNH20231416",
    "title": "",
    "text": "maintain disclosure controls procedures Rules 13a-15 15d-15 Securities Exchange Act 1934 assurance information recorded processed summarized reported SEC rules accumulated communicated management financial officer decisions."
}
{
    "_id": "UNH20231417",
    "title": "",
    "text": "Annual Report Form 10-K management evaluated Chief Executive Financial Officer disclosure controls procedures December 31, 2023. concluded controls effective reasonable assurance level December 2023."
}
{
    "_id": "UNH20231420",
    "title": "",
    "text": "no changes in control financial reporting quarter ended December 31, 2023."
}
{
    "_id": "UNH20231421",
    "title": "",
    "text": "Management Financial Reporting 2023"
}
{
    "_id": "UNH20231422",
    "title": "",
    "text": "UnitedHealth Group Subsidiaries Company responsible internal control financial reporting Rules 13a-15(f) 15d-15(f) Securities Exchange Act 1934. internal control system assurance reliability financial reporting preparation consolidated financial statements accounting principles. includes policies procedures maintenance records transactions dispositions assets assurance transactions recorded consolidated financial statements receipts expenditures authorizations management directors prevention unauthorized acquisition use disposition assets financial statements."
}
{
    "_id": "UNH20231423",
    "title": "",
    "text": "limitations internal control financial reporting prevent misstatements. projections effectiveness future risk controls compliance policies deteriorate."
}
{
    "_id": "UNH20231424",
    "title": "",
    "text": "assessed control financial reporting December 31, 2023. used criteria Sponsoring Organizations Treadway Commission Internal Control Framework. December 2023 Company maintained control."
}
{
    "_id": "UNH20231426",
    "title": "",
    "text": "Company’s firm audited financial reporting December 31, 2023 Report Item 9A."
}
{
    "_id": "UNH20231429",
    "title": "",
    "text": "shareholders Board UnitedHealth Group Control Financial Reporting"
}
{
    "_id": "UNH20231430",
    "title": "",
    "text": "audited UnitedHealth Group subsidiaries December 31, 2023 Internal Control Integrated Framework (2013) Sponsoring Organizations Treadway Commission. Company maintained effective internal control reporting December 2023."
}
{
    "_id": "UNH20231431",
    "title": "",
    "text": "audited Public Company Accounting Oversight Board consolidated financial statements December 31, 2023 report unqualified opinion."
}
{
    "_id": "UNH20231433",
    "title": "",
    "text": "management responsible internal control financial reporting Report December 31, 2023. responsibility opinion control audit. public accounting firm registered PCAOB independent U. S. federal securities laws rules Securities and Exchange Commission PCAOB."
}
{
    "_id": "UNH20231434",
    "title": "",
    "text": "conducted audit standards PCAOB. standards require assurance internal control financial reporting. audit included understanding control risk material weakness testing evaluating design effectiveness other procedures necessary. audit provides basis opinion."
}
{
    "_id": "UNH20231436",
    "title": "",
    "text": "internal control over financial reporting assurance reliability financial reporting preparation financial statements for accounting principles. includes policies procedures maintenance records transactions dispositions assets assurance transactions recorded necessary preparation financial statements receipts expenditures with authorizations management directors assurance prevention of unauthorized acquisition use disposition assets financial statements."
}
{
    "_id": "UNH20231437",
    "title": "",
    "text": "limitations internal control financial reporting prevent misstatements. projections effectiveness future risk controls compliance policies deteriorate."
}
{
    "_id": "UNH20231444",
    "title": "",
    "text": "quarter December 2023 directors officers Rule Exchange Act adopted terminated contract purchase sale securities Rule 10b5-1 non-Rule 10b5-1."
}
{
    "_id": "UNH20231446",
    "title": "",
    "text": "."
}
{
    "_id": "UNH20231459",
    "title": "",
    "text": "directors February 28, 2024 Charles Baker Hooper Collegiate Athletic Association UnitedHealth Timothy Flynn. McNabb KPMG Vanguard Group. Garcia Montgomery Rice. Global Payments. Morehouse School Medicine Kristen Gil Noseworthy. Alphabet. Mayo Clinic Stephen Witty UnitedHealth"
}
{
    "_id": "UNH20231460",
    "title": "",
    "text": "Instruction Form 10-K 401 Regulation S-K officers Part I Item 1."
}
{
    "_id": "UNH20231461",
    "title": "",
    "text": "adopted code ethics principal executive senior financial officers accounting controller. Principles Ethics Integrity posted website. unitedhealthgroup. com. Code Part I Item 1 “Business. satisfy disclosure requirements amendments waivers posting website."
}
{
    "_id": "UNH20231462",
    "title": "",
    "text": "remaining information Items 401 405 407)(3) Regulation S-K 1-Election proxy 2024 Annual Meeting Shareholders information incorporated."
}
{
    "_id": "UNH20231465",
    "title": "",
    "text": "Items 402 407 Regulation S-K Compensation Compensation Governance Risk Committee Interlocks Insider proxy 2024 Annual Meeting information incorporated."
}
{
    "_id": "UNH20231466",
    "title": "",
    "text": "SECURITY OWNERSHIP STOCKHOLDER"
}
{
    "_id": "UNH20231473",
    "title": "",
    "text": "table information December 31, 2023 shares common stock equity compensation plans Plan category Number securities issued options warrants Weighted-average exercise price securities remaining future issuance (excluding millions plans approved (1)#320##70 not approved Total"
}
{
    "_id": "UNH20231474",
    "title": "",
    "text": "UnitedHealth 2020 Stock Incentive Plan 1993 Employee Stock Purchase Plan."
}
{
    "_id": "UNH20231475",
    "title": "",
    "text": "191,000 shares stock options assumed acquisitions. exercise price $356 term 3 years. administered plans. No future awards."
}
{
    "_id": "UNH20231476",
    "title": "",
    "text": "17 million shares common stock ESPP 53 million 2020 Stock Incentive Plan. Shares stock options appreciation rights restricted stock units performance awards."
}
{
    "_id": "UNH20231477",
    "title": "",
    "text": "Item 403 Regulation S-K Ownership Owners proxy statement 2024 Annual Meeting information incorporated."
}
{
    "_id": "UNH20231479",
    "title": "",
    "text": "Items 404 407(a Regulation S-K Relationships proxy statement 2024 Annual Meeting information incorporated."
}
{
    "_id": "UNH20231482",
    "title": "",
    "text": "Item 9(e Schedule 14A Fees Accounting proxy statement 2024 Annual Meeting information incorporated."
}
{
    "_id": "UNH20231492",
    "title": "",
    "text": "financial statements Item 8 report Independent Accounting Firm. Balance Sheets December 31, 2023 2022. Statements Operations December 2023 2022 2021. Comprehensive Income. Changes Equity. Cash Flows. Consolidated Financial Statements."
}
{
    "_id": "UNH20231495",
    "title": "",
    "text": "financial statement Item 15 Financial Information Registrant Company."
}
{
    "_id": "UNH20231496",
    "title": "",
    "text": "schedules regulations SEC not required inapplicable information included consolidated financial statements omitted."
}
{
    "_id": "UNH20231497",
    "title": "",
    "text": "exhibits filed Regulation. Company Annual Quarterly 10-Q Current 8-K Securities Exchange Act 1934 Commission File."
}
{
    "_id": "UNH20231571",
    "title": "",
    "text": ". Incorporation UnitedHealth Group Exhibit 3. Registration Statement Form 8-A Commission File. 1-10864 July 1 2015). Bylaws UnitedHealth February 23, 2021 Exhibit 3. Report Form 8-K. Indenture April 27, 2023 Wilmington Trust Company successor trustee Exhibit 4. February 4 2008,. Bank National Association Exhibit 4. File 333-149031. Indenture April 18 2023. Bank Trust Company. 875% Senior Notes 2038 Exhibit 4. Common Stock Exhibit 4. 5 Annual Report Form 10-K December 31, 2019. Group 2020 Stock Incentive Plan Exhibit 4. Registration Form S-8 SEC File June 1 2020.Agreement Restricted Stock Unit Award Executives UnitedHealth Group 2020 Stock Incentive Plan (2024. 3 Agreement Nonqualified Stock Option. 4 Agreement Performance-Based Restricted Stock Unit Award. 5 Agreement Restricted Stock Unit Award. 6 Agreement Nonqualified Stock Option. 7 Agreement Performance Restricted Stock Unit Award. 8 Agreement Restricted Stock Unit Award. 9 Agreement Nonqualified Stock Option. Agreement Performance-Based Restricted Stock Unit Award. 11 Agreement Restricted Stock Unit Award Executives UnitedHealth 2020 Stock Incentive Plan Exhibit 10. 2 Annual Report Form 10-K December 31, 2022. 12 Agreement Nonqualified Stock Option Award Executives 2020 Plan Exhibit 10. 3 Report 2022.Agreement Performance-Based Restricted Stock Unit Award Executives UnitedHealth Group 2020 Stock Incentive Plan Exhibit 10. 4 Annual Report 10-K December 31, 2022. Agreement Restricted Stock Unit Award 2020 Stock Incentive Plan Exhibit 10. 5 Report December 2022. Agreement Nonqualified Stock Option Award Incentive Plan Exhibit 10. 6 Report. Agreement Performance-Based Restricted Stock Unit Award Plan Exhibit 10. 7 Report 2022. 17 Agreement Restricted Stock Unit Award Executives Plan Exhibit 10. 2 Report December 31, 2021. 18 Agreement Nonqualified Stock Option Award Executives Exhibit 10. 3 December 2021. 19 Agreement Performance-Based Restricted Stock Unit Award Exhibit 10.UnitedHealth Group Annual Report Form 10-K December 31, 2021. Agreement Restricted Stock Unit Award 2020 Stock Incentive Plan Exhibit 10. 5. 21 Agreement Nonqualified Stock Option Award 2020 Stock Incentive Plan Exhibit 10. 6. 22 Agreement Performance-Based Restricted Stock Unit Award Exhibit 10. 7. 23 2011 Stock Incentive Plan 2018 Exhibit 10. 1 Report December. 24 Agreement Non-Qualified Stock Option Award Incentive Plan awards January 1 2016 Exhibit 10. 4 Quarterly Report September 30,. 25 Agreement Restricted Stock Unit Award Executives 2011 Stock Incentive Plan awards January 1 2016 Exhibit 10. 5 Quarterly Report September 30,.Agreement Performance Restricted Stock Unit Award Executives UnitedHealth 2011 Stock Incentive Plan awards January 1 2016 Exhibit 10. Quarterly Report September 30 2015). Agreement Deferred Stock Unit Award Non-Employee Directors 2011 Incentive Plan Exhibit. May. Deferred Stock Unit Award Non Directors 2020 Stock Incentive Plan Exhibit. December 31, 2021. Indemnification Agreement Exhibit. July 1. 2008 Executive Incentive Plan December 31, 2023. Executive Savings Plan. Long-Term Disability Program January 1 2021 Exhibit. 28. Non-Management Director Compensation October 1 2022. 29. Directors’ Compensation Deferral Plan (2023 Statement Exhibit 10.UnitedHealth Group Annual Report Form 10-K December 31, 2022. Parent Holdings. 2020 Stock Option Grant Plan Exhibit 10. 31 Report 2022. Healthcare. 2019 Omnibus Incentive Plan Exhibit 4. 3 Form S-8 SEC File October 3 2022. HCIT Holdings. 2009 Equity Incentive Plan Exhibit 4. File. Health Solutions. 2010 Equity Incentive Plan Exhibit 4. Amendment. File. Care Affiliates. 2016 Omnibus Long-Term Incentive Plan Exhibit 4. File March. Care Affiliates. 2013 Omnibus Long-Term Incentive Plan Exhibit 4. Amendment. March 27,. Care Affiliates.Management Equity Incentive Plan Exhibit 4. 5 UnitedHealth Group Amendment. S-8 SEC File March 27,. Care Affiliates. Directors Consultants Equity Incentive Plan Exhibit 4. 6 UnitedHealth Amendment. Advisory Board 2009 Stock Incentive Plan Exhibit 10. 8-K June 15. 2005 Stock Incentive Plan Exhibit 10. November. Employment Agreement June 7 2016, United HealthCare Services. John Rex Exhibit. Quarterly Report June. Employment Agreement February 3 2021 Andrew P Witty Exhibit 5. 8-K. Employment Agreement March 16 United HealthCare Services. Dirk McMahon Exhibit. Annual Report 10-K December 31, 2019.Employment Agreement May 31, 2017 United HealthCare Services. Dirk McMahon Exhibit 10. 45 Annual Report December 31, 2019. March 12, 2019. Dirk McMahon Exhibit 10. 46. Employment Agreement February 12, 2018 United HealthCare Services. Brian. Thompson Exhibit 10. 38 Report December 31, 2021. Agreement February 28, 2022 United HealthCare Services. Rupert M. Bondy Exhibit 10. 47. UnitedHealth Group. Accounting Firm. Attorney. Section 302 Sarbanes-Oxley Act 2002. 906. Group Dodd-Frank Clawback Policy December 1, 2023. Instance Document Interactive Data File tags Inline XBRL. Extension.XBRL Taxonomy Extension Definition. 101. Presentation. 104 Data Inline XBRL Exhibit 101."
}
{
    "_id": "UNH20231572",
    "title": "",
    "text": "management contracts compensation plans directors officers Item 601 Regulation."
}
{
    "_id": "UNH20231574",
    "title": "",
    "text": "Item 601 Regulation S-K holders long-term debt not filed. Company SEC."
}
{
    "_id": "UNH20231576",
    "title": "",
    "text": "Schedule Financial Registrant."
}
{
    "_id": "UNH20231580",
    "title": "",
    "text": "shareholders Board UnitedHealth Group Financial Statement Schedule"
}
{
    "_id": "UNH20231581",
    "title": "",
    "text": "audited consolidated financial statements UnitedHealth Group Subsidiaries December 31, 2023 2022 three years December 31, 2023 internal control financial reporting issued reports February 28, 2024 included Form 10-K. audits included financial statement schedule Index Item 15. responsibility management. opinion. financial schedule presents information."
}
{
    "_id": "UNH20231617",
    "title": "",
    "text": "millions 2023 2022 Cash equivalents,346 Equity subsidiaries,692 notes receivable,201,286 Liabilities shareholders’ equity Accounts payable accrued liabilities,116 notes subsidiaries,699 borrowings debt,086,918,089,452-term debt maturities,387,838 Commitments contingencies Shareholders’ equity Preferred stock. no Common stock. shares 924 issued outstanding earnings,774,156 loss,027),393 UnitedHealth Group shareholders’ equity,756,772 liabilities equity,286"
}
{
    "_id": "UNH20231640",
    "title": "",
    "text": "Years Ended December 31, Revenues Investment income revenues Operating costs Interest expense,231 Loss taxes,192) Benefit taxes Loss parent company Equity income subsidiaries,667,183 Net earnings,381,120,285 income,366 income,747,111"
}
{
    "_id": "UNH20231676",
    "title": "",
    "text": "Years Ended December 31, millions Operating Cash flows,443,754,439 Investing Issuances subsidiaries Repayments Cash,728) Return capital parent company Capital contributions subsidiaries,472(747) Cash dispositions,787 Cash flows investing activities(8,291),373)(5,862) Financing Common stock repurchases),353,355 dividends(5,991),280 short-term borrowings,302) long debt,394 Repayments,150 Proceeds subsidiaries,188,223 Cash flows financing activities(8,642),668 equivalents,167 end$#776#266,167 cash flow Cash interest,257 income taxes,298"
}
{
    "_id": "UNH20231685",
    "title": "",
    "text": "UnitedHealth parent information consolidated financial statements Form 10-K. accounting policies Note 2 Consolidated Financial Statements Part II Item 8."
}
{
    "_id": "UNH20231687",
    "title": "",
    "text": ". UnitedHealth stated cost equity earnings."
}
{
    "_id": "UNH20231688",
    "title": "",
    "text": "Dividends Capital Distributions. subsidiaries $18. billion $15. billion $10. billion 2023 2022 2021. 6. 4 billion. 2 billion 2021."
}
{
    "_id": "UNH20231690",
    "title": "",
    "text": "debt Note 8 Consolidated Financial Statements Part II.-term debt subsidiaries $1. 1 billion. 9 billion December 2023 2022."
}
{
    "_id": "UNH20231698",
    "title": "",
    "text": "borrowings debt 31 2024,088 2025 2026,500,925 2028,002"
}
{
    "_id": "UNH20231699",
    "title": "",
    "text": "UnitedHealth subsidiaries $9. $8. billion 2023 2022-demand."
}
{
    "_id": "UNH20231701",
    "title": "",
    "text": "subsidiaries guaranteed UnitedHealth insolvency. guarantees service level. guarantees December 31, 2023 2022 2021."
}
{
    "_id": "UNH20231702",
    "title": "",
    "text": "commitments contingencies Note 12 Financial Statements Part II 8."
}
{
    "_id": "UNH20231705",
    "title": "",
    "text": "."
}
{
    "_id": "UNH20231707",
    "title": "",
    "text": "Section 13 15 Securities Exchange Act 1934 registrant report signed undersigned."
}
{
    "_id": "UNH20231711",
    "title": "",
    "text": "GROUP ANDREW WITTY Executive"
}
{
    "_id": "UNH20231737",
    "title": "",
    "text": "Securities Exchange Act 1934 report signed registrant capacities dates. ANDREW WITTY Chief Executive Officer JOHN REX Vice President Chief Financial Officer THOMAS ROOS Vice President Chief Accounting Officer Charles Baker Timothy Flynn Paul Garcia Kristen Gil Stephen Hemsley Michele Hooper. William McNabb III Valerie Montgomery Rice. John Noseworthy."
}
{
    "_id": "UNH20231739",
    "title": "",
    "text": ""
}
{
    "_id": "V20230004",
    "title": "",
    "text": "Visa digital payments. best. facilitate global commerce money movement 200 countries consumers merchants financial institutions technologies."
}
{
    "_id": "V20230011",
    "title": "",
    "text": "1958 payments consumers businesses. focused extending investing network VisaNet single connection point payment transactions multiple endpoints. global payment solutions services. products services secure reliable efficient money movement. consumers financial institutions merchants. “four-party” model. broadened digital banks digital wallets financial technology companies governments non organizations. provide transaction processing services authorization clearing settlement financial merchant clients VisaNet. 2023 276 billion payments cash transactions processed million transactions per day. 213 billion processed by Visa. offer Visa-branded payment products credit debit prepaid cash. 2023 total payments cash volume $15 trillion 4. 3 billion payment credentials card accounts 130 million merchant locations. open partnership approach access global network technology capabilities.partner traditional emerging players expand payments ecosystem businesses. accelerating migration digital payments network strategy. single connection point money movement businesses governments consumers regardless network. complex payments ecosystem. person-to government-to. provide value services issuing acceptance risk identity open banking advisory services. invest promote brand advertising sponsorship initiatives International Olympic Committee International Paralympic Committee National Football League. assets payment innovations."
}
{
    "_id": "V20230013",
    "title": "",
    "text": "includes 30 million locations payment facilitators technology merchants. Data Visa June 30, 2023."
}
{
    "_id": "V20230016",
    "title": "",
    "text": "Item 7 reconciliation non-GAAP."
}
{
    "_id": "V20230018",
    "title": "",
    "text": "Visa C2B transaction consumer purchases goods merchant Visa. merchant presents data acquirer bank for verification processing. acquirer presents Visa sends issuer authorization. issuer posts account pays acquirer equal value minus interchange reimbursement fee. acquirer pays minus merchant discount rate merchant."
}
{
    "_id": "V20230020",
    "title": "",
    "text": "Visa money 200 countries consumers merchants institutions government entities."
}
{
    "_id": "V20230022",
    "title": "",
    "text": "net revenues 2023"
}
{
    "_id": "V20230023",
    "title": "",
    "text": "REVENUES Earned client Visa"
}
{
    "_id": "V20230024",
    "title": "",
    "text": "DATA PROCESSING REVENUES authorization clearing settlement risk identity network access maintenance processing"
}
{
    "_id": "V20230025",
    "title": "",
    "text": "REVENUES-border currency conversion"
}
{
    "_id": "V20230026",
    "title": "",
    "text": "recalculate rounding."
}
{
    "_id": "V20230027",
    "title": "",
    "text": "see Item 7 Note Accounting Policies 8 revenues."
}
{
    "_id": "V20230028",
    "title": "",
    "text": "Visa provides processing non card transactions. gateway routing networks. provide authorization clearing settlement services before. Visa data processing revenues. Visa-branded card transactions provide authorization clearing settlement earn service data processing international other revenues. payment processors use network transactions. earn service data processing. earn service revenues."
}
{
    "_id": "V20230030",
    "title": "",
    "text": "Visa not financial institution. issue cards extend credit set rates fees for earn revenues credit risk. Interchange reimbursement fees reflect value merchants products costs benefits. paid by acquirers to issuers. default. set independently from revenues issuers acquirers. acquiring clients fees. Visa sets fees acquirers. fees not derived from fees MDRs."
}
{
    "_id": "V20230032",
    "title": "",
    "text": "revenue payments services fortify foundations business model."
}
{
    "_id": "V20230033",
    "title": "",
    "text": "revenue payments flows value services."
}
{
    "_id": "V20230035",
    "title": "",
    "text": "moving trillions consumer spending cards digital accounts."
}
{
    "_id": "V20230037",
    "title": "",
    "text": "growth products credit debit prepaid."
}
{
    "_id": "V20230038",
    "title": "",
    "text": "digital credentials access pay goods. financial co-brand fintechs affinity partners."
}
{
    "_id": "V20230040",
    "title": "",
    "text": "cards digital credentials allow purchase deposit accounts. without cash checks line credit. Visa/PLUS Global ATM network provides cash access banking 200 countries partnerships financial institutions ATM operators."
}
{
    "_id": "V20230042",
    "title": "",
    "text": "cards digital credentials balance funded governments. reloadable payroll government disbursements healthcare gift travel. Visa-branded financial inclusion traditional banking."
}
{
    "_id": "V20230045",
    "title": "",
    "text": "enable payments digital commerce payments ecosystem. examples Tap Pay"
}
{
    "_id": "V20230046",
    "title": "",
    "text": "improve user experience face-to-face contactless payments tap pay card emerged preferred countries. adoption growing consumers expect touchless payment experiences."
}
{
    "_id": "V20230047",
    "title": "",
    "text": "50 90 percent contactless 100 tap pay 50 percent. 76 percent contactless 2023. Visa surpassed 40 percent contactless 520 million tap-to-pay cards. activated 750 contactless projects. processed 1. 6 billion contactless transactions 30 percent."
}
{
    "_id": "V20230049",
    "title": "",
    "text": "Visa Token Service trust digital commerce. consumers digital transactions ecosystem authorization fraud experience. 16-digit Visa numbers token surrogate account number cryptographic information. payment transactions online."
}
{
    "_id": "V20230050",
    "title": "",
    "text": "network tokens. year 2023 Visa provisioned. billion tokens surpassing physical cards. secure money movement."
}
{
    "_id": "V20230053",
    "title": "",
    "text": "Click to Pay simplified cardholder checkout experience data between. Based EMV® Secure Remote Commerce standard standardized streamlined approach checkout devices. goal digital payments secure reliable interoperable checkout."
}
{
    "_id": "V20230056",
    "title": "",
    "text": "flows money Visa’s. money consumers businesses governments P2P B2C B2B G2C payments."
}
{
    "_id": "V20230058",
    "title": "",
    "text": "Visa Direct funds cards accounts digital wallets 190 countries. supports P2P payments transfers payouts merchant settlements refunds."
}
{
    "_id": "V20230059",
    "title": "",
    "text": "Visa Direct 70 10 real 15 networks five gateways. billion cards wallets. processed 7. 5 billion transactions 2,800 programs. 500 partners 65 cases. DailyPay i2C PayPal TabaPay Venmo Western Union Visa+ P2P apps."
}
{
    "_id": "V20230060",
    "title": "",
    "text": "investing Visa+ Visa Alias Directory Service link aliases payment credentials collaborating mobile providers expand Visa Direct deliver stronger domestic cross-border payment connection."
}
{
    "_id": "V20230062",
    "title": "",
    "text": "expanding network B2B payments. card non-card cross-border digitizing. commercial payment solutions business corporate virtual digital credentials non-card cross-border B2B disbursement accounts industry segments. efficiency controls automation commercial government travel invoice payables."
}
{
    "_id": "V20230063",
    "title": "",
    "text": "Visa B2B Connect multilateral cross-border network transactions origin beneficiary bank settlement payments clients. reliable flexible data-rich secure cost-effective. 100 countries."
}
{
    "_id": "V20230066",
    "title": "",
    "text": "Treasury Visa Cross-Border Solutions global strategy infrastructure cross-border products visibility speed security. solutions cross-border payments Currencycloud platform real rates virtual accounts liquidity settlement."
}
{
    "_id": "V20230069",
    "title": "",
    "text": "services diversify revenue network deepen relationships solutions networks."
}
{
    "_id": "V20230071",
    "title": "",
    "text": "Visa DPS largest Visa debit. multi-network services fraud mitigation dispute management data campaign management digital solutions contact center services. API cases modular digital payments."
}
{
    "_id": "V20230072",
    "title": "",
    "text": "provide services digital solutions issuers account controls digital issuance branded experiences. Visa provides loyalty benefits cardholder experiences Buy Now, Pay Later (BNPL) capabilities. payments equal payments. Visa installments BNPL solutions clients providers installment options."
}
{
    "_id": "V20230074",
    "title": "",
    "text": "Visa Acceptance Solutions Cybersource services merchants payment processing. acquirers providers vendors merchants improve mitigate fraud lower costs adapt business requirements. fintechs global payment management platform. payment integrations ecommerce tailored commerce experiences. omnichannel solution cloud-based innovation sale."
}
{
    "_id": "V20230075",
    "title": "",
    "text": "Visa provides secure services merchants acquirers friction acceptance. Global Urban Mobility Visa contactless payments Visa Account Updater. dispute management services network-agnostic solution Verifi."
}
{
    "_id": "V20230077",
    "title": "",
    "text": "risk solutions decisions authentication. omnichannel commerce digital payments fraud prevention trust. Visa Advanced Authorization Secure Risk Manager Decision Manager Consumer Authentication Service payment-decisioning CardinalCommerce fraud prevention security."
}
{
    "_id": "V20230079",
    "title": "",
    "text": "strategy Visa expertise fraud challenges working operators financial institutions. fraud prevention tools network programs payment ecosystem investments technology prevent detect mitigate threats. expertise core benefits"
}
{
    "_id": "V20230081",
    "title": "",
    "text": "Visa network. security identity tools payment intelligence law enforcement engagement institutions merchants payment security challenges."
}
{
    "_id": "V20230083",
    "title": "",
    "text": "March 2022 Visa acquired Tink AB open banking platform fintech open banking. capabilities data access verification payment-to-account transactions payments. businesses deliver services."
}
{
    "_id": "V20230085",
    "title": "",
    "text": "Visa Consulting Analytics payments arm Visa. payments expertise analytical models economic insights recommendations solutions business decisions outcomes. offers services issuers acquirers merchants fintechs partners acquisition to retention. Managed Services recommendations value services."
}
{
    "_id": "V20230086",
    "title": "",
    "text": "fortifying foundations business model technology security brand talent."
}
{
    "_id": "V20230088",
    "title": "",
    "text": "network strategy moving money endpoints networks single connection point providing value services transactions. interoperability. opening using networks enabling new money. Visa B2B Connect Visa Direct Visa+."
}
{
    "_id": "V20230090",
    "title": "",
    "text": "platforms software hardware data centers telecommunications infrastructure. four data centers high network connectivity power cooling continuous availability. secure reliable service."
}
{
    "_id": "V20230093",
    "title": "",
    "text": "multi-layer security approach includes program data security software identity access controls unauthorized advanced cyber detection response. deploy security tools clients. invest cybersecurity. data confidentiality network service availability risk."
}
{
    "_id": "V20230095",
    "title": "",
    "text": "payments fraud team monitors threats attacks."
}
{
    "_id": "V20230097",
    "title": "",
    "text": "Visa’s brand value clients financial institutions merchants partners expressions products services innovative marketing efforts. events FIFA Women’s World Cup Olympic Paralympic Games Super Bowl."
}
{
    "_id": "V20230099",
    "title": "",
    "text": "talent. grew workforce 26,500 28,800 2023 9 percent. turnover 6 percent 2023. employees 80 countries 55 percent outside U. 58 percent men 42 percent women 36 percent leadership. 42 percent Asian 8 Black 13 Hispanic 3 Other 35 percent White. 18 percent Asian 6 Black 13 Hispanic 3 60 percent White."
}
{
    "_id": "V20230100",
    "title": "",
    "text": "Visa’s growth agenda focused enhancing expertise. enhanced development program senior leaders technology apprenticeship program. committed providing tools artificial intelligence portal searchable knowledge base customized results solutions. enhanced mental well retirement benefits priority."
}
{
    "_id": "V20230101",
    "title": "",
    "text": "dedicated employees valued. engagement survey employees wanted opportunities. Visa developed program peer-to-peer recognition. UPLIFT recognition platform celebrate achievements send e-cards journey automated networking tool. recognition categories grounded behaviors employee value Leadership Principles. engagement peer recognition increased monthly active users 78 percent September 2023 45 percent 2022. enhanced platform employees recognize uplift each other."
}
{
    "_id": "V20230102",
    "title": "",
    "text": "Visa committed pay equity conducts analyses. committed transparency launched total rewards statements United Kingdom rewards value. plan introduce statements U. S. 2023 Proxy Statement website visa. com enhanced workforce disclosures 2022 EEO-1 Report Environmental Social Governance) Report. Information."
}
{
    "_id": "V20230105",
    "title": "",
    "text": "Fintechs growth Visa uplift best. payment experiences flows. work fintechs opened points acceptance extended credit-border money moved B2B spend expedited payroll digital wallet. portfolio fintech partners diverse. signed 500 commercial partnerships"
}
{
    "_id": "V20230107",
    "title": "",
    "text": "fintechs early increase 25 percent."
}
{
    "_id": "V20230108",
    "title": "",
    "text": "Visa programs digital onboarding tools. Fintech Fast Track flagship program financial features card Visa Direct. streamlined onboarding turnkey access ecosystem partners. fintechs."
}
{
    "_id": "V20230109",
    "title": "",
    "text": "Visa Ready payment security. Fintech Partner Connect clients fintech providers. startup Everywhere early-stage companies payment solutions. manages She’s Next Empowered Visa Africa Fintech Accelerator underrepresented."
}
{
    "_id": "V20230111",
    "title": "",
    "text": "Visa explores value. Mergers acquisitions joint ventures investments development partnerships priorities. applies business analysis acquisitions network services growth."
}
{
    "_id": "V20230112",
    "title": "",
    "text": "2023 acquire Pismo cloud-native Latin America Asia Europe. subject conditions regulatory reviews approvals."
}
{
    "_id": "V20230114",
    "title": "",
    "text": "Visa committed responsible ethical inclusive sustainable. digital payments empower businesses communities corporate responsibility sustainability topics expectations performance transparency. purpose uplift best pay. empowering people economies securing commerce protecting customers investing workforce protecting planet operating responsibly. 2022 ESG Report CRS resources visa. com/esg."
}
{
    "_id": "V20230116",
    "title": "",
    "text": "own manage Visa brand acceptance security convenience speed reliability. Visa trademarks important. registrations valid indefinitely. clients access agreements payments. own patents applications pursue emerging technologies. rely patent trademark copyright secret laws. confidentiality procedures contractual provisions protect proprietary technology."
}
{
    "_id": "V20230119",
    "title": "",
    "text": "global payments industry. competitors compete Visa’s. Technology innovation habits ecommerce mobile payments blockchain digital currencies. new entrants"
}
{
    "_id": "V20230121",
    "title": "",
    "text": "depart models. evolving local networks processing competition."
}
{
    "_id": "V20230122",
    "title": "",
    "text": "compete payment. paper cash checks electronic payments. competitors"
}
{
    "_id": "V20230123",
    "title": "",
    "text": "Global Multi-Regional Networks offer branded card payment products merchant locations. American Express Discover JCB Mastercard UnionPay. competitors regions Discover. JCB countries UnionPay. Risks—Government obligations restrictions international payments prevent China India. Visa largest retail funds transfer."
}
{
    "_id": "V20230129",
    "title": "",
    "text": "chart compares network Express Club Discover Payments,668#243#312#6,568,108#1,553#258#320#8,177 Transactions#150 Cards,160#133##80#153,713"
}
{
    "_id": "V20230130",
    "title": "",
    "text": "Express Diners Club Discover JCB Mastercard Nilson Report 1241. prepaid cards. JCB estimates. Mastercard excludes Maestro Cirrus."
}
{
    "_id": "V20230131",
    "title": "",
    "text": "volume payments cash. Cash balance transfers convenience checks."
}
{
    "_id": "V20230132",
    "title": "",
    "text": "Local Regional Networks government. owned financial institutions processors. debit payment local acceptance recognizable brands. NYCE Pulse STAR. Interac eftpos."
}
{
    "_id": "V20230133",
    "title": "",
    "text": "Alternative Payments Providers closed commerce BNPL solutions cryptocurrency platforms payments ecommerce mobile expanding physical point sale. process payments in-house transfers electronic funds Visa. partner competitor Visa."
}
{
    "_id": "V20230134",
    "title": "",
    "text": "Real-time Payment (RTP Networks launched markets driven government sponsorship regulatory initiatives. FedNow. PIX United Payments Interface alternative payment card. focus domestic transactions varying. PayNow Singapore UPI India cross networks compete. compete Visa consumer payments. value added services risk management."
}
{
    "_id": "V20230135",
    "title": "",
    "text": "Digital Wallet Providers expand payment additional ways. Visa volumes funded non-card payment. RTP networks competition."
}
{
    "_id": "V20230137",
    "title": "",
    "text": "Payment Processors third-party networks issuers acquirers. compete Visa transactions. benefit mandates"
}
{
    "_id": "V20230139",
    "title": "",
    "text": ". Interchange Fee Regulation competition networks processors third parties Visa transactions issuers."
}
{
    "_id": "V20230140",
    "title": "",
    "text": "compete. Visa Direct B2B Connect RTP wires. networks commercial. competition clients experimenting B2B blockchain payments."
}
{
    "_id": "V20230141",
    "title": "",
    "text": "Value Added Service Providers face competition alternatives. technology information governments merchant services. integration generative AI offerings risk monitorization digital identification. Regulatory initiatives competition."
}
{
    "_id": "V20230142",
    "title": "",
    "text": "believe security convenience speed reliability credentials acceptance footprint succeed. understand needs markets partner financial institutions merchants fintechs governments NGOs business organizations solutions. network strategy movement money. Visa global brand payment products services processing."
}
{
    "_id": "V20230144",
    "title": "",
    "text": "global payments technology company subject complex regulations products. significant regulations discussed below. Item 1A—Regulatory Risks."
}
{
    "_id": "V20230145",
    "title": "",
    "text": "Anti-Corruption Laundering Sanctions subject anti-corruption laws. Foreign Corrupt Practices Act UK Bribery Act improper payments foreign officials unfair advantage. anti-money laundering-terrorist financing laws. Bank Secrecy Act. economic trade sanctions Foreign Assets Control. permit institutions sanctions Cuba Iran North Korea Syria Crimea Donetsk Specially Designated Nationals Blocked Persons issue Visa cards transactions products."
}
{
    "_id": "V20230146",
    "title": "",
    "text": "Government Market Participation Restrictions governments China India Thailand Vietnam domestic payments providers local ownership data localization processing."
}
{
    "_id": "V20230147",
    "title": "",
    "text": "Interchange Rates Fees jurisdictions debit credit interchange rates. U. Dodd-Frank Wall Street Reform Consumer Act limits. European Union IFR limits Reserve Bank Australia Central Bank Brazil interchange."
}
{
    "_id": "V20230149",
    "title": "",
    "text": "Internet Transactions jurisdictions monitor filter restrict gambling digital currencies purchase cigarettes alcohol controversial types."
}
{
    "_id": "V20230151",
    "title": "",
    "text": "Network Exclusivity Routing. Dodd-Frank Act limits exclusivity merchant routing debit prepaid. jurisdictions payment brands."
}
{
    "_id": "V20230152",
    "title": "",
    "text": "No-surcharge Rules merchants higher prices Visa. varies market Visa product impacted litigation regulation legislation."
}
{
    "_id": "V20230153",
    "title": "",
    "text": "Privacy Data Protection operations privacy data use security regulations impact products services. regulators laws Visa cybersecurity data-handling practices privacy rights impose obligations data."
}
{
    "_id": "V20230154",
    "title": "",
    "text": "Oversight Payments Industry Visa financial oversight jurisdictions. Federal Banking Agencies Visa laws. financial institutions. Federal Reserve Board Comptroller Currency Federal Deposit Insurance Corporation National Credit Union Administration. Visa examined Consumer Financial Protection Bureau Visa. Central banks Canada Europe India Ukraine UK Visa retail payment system financial stability regulations. oversight banking authorities Brazil Hong Kong."
}
{
    "_id": "V20230155",
    "title": "",
    "text": "United Kingdom Regulations Visa regulation EEA UK."
}
{
    "_id": "V20230156",
    "title": "",
    "text": "EU regulations impact business. IFR regulates interchange rates Visa separate payment card processing network exclusivity routing. National authorities IFR. subject regulations privacy data protection anti-bribery-money laundering anti-terrorism sanctions. Payment Services Directive (PSD2) account access non-financial. PSD2 authentication operational complexity. Visa Europe oversight European Central Bank authorities."
}
{
    "_id": "V20230157",
    "title": "",
    "text": "Visa Europe Recognized Payment System Bank of supervisory powers requirements governance risk management stability financial system. regulated Payment Systems Regulator business practices systems rules fees competition innovation payment systems service-users. Post-Brexit UK adopted European regulations IFR PSD2. PSR Visa compliance IFR."
}
{
    "_id": "V20230158",
    "title": "",
    "text": "Sustainability governments laws regulations responsibility sustainability transparency reporting. Regulations mandated reporting. climate financial disclosures."
}
{
    "_id": "V20230160",
    "title": "",
    "text": "Regulatory Developments agencies mobile tokenization access rights non money transfer identity theft account management disclosure security marketing business."
}
{
    "_id": "V20230162",
    "title": "",
    "text": "PSD2 Europe countries Australia Brazil Canada Hong Kong Mexico access rights third-party processors consumer data financial. negative business regulations."
}
{
    "_id": "V20230165",
    "title": "",
    "text": "corporate website visa. com. annual 10-K quarterly 10-Q current Form 8-K proxy statements amendments U. S. Securities Exchange Act 1934 viewed sec. gov investor relations website. Securities Exchange Commission. post financial information investor relations website. corporate responsibility sustainability initiatives visa./esg. not incorporated filings SEC."
}
{
    "_id": "V20230169",
    "title": "",
    "text": "subject regulations harm business results."
}
{
    "_id": "V20230170",
    "title": "",
    "text": "global payments technology company subject complex regulations. See Item 1—Government Regulation. impact limit affect contractual arrangements increase compliance costs technology. differing rules interchange reimbursement rates preferred routing domestic processing localization currency conversion point-sale transaction privacy data use licensing product technology. Visa operating rules contractual commitments differ country product. Complying increases costs reduces revenue."
}
{
    "_id": "V20230171",
    "title": "",
    "text": "varying regulations worldwide adjusting product services fees business. compliance programs policies support compliance with regulations anti-money laundering anti-corruption competition money transfer services privacy sanctions adjust as regulations evolve. guarantee practices compliant regulatory authorities. controls fail out of compliance damages penalties investigations damage brands reputation. regulatory focus payments industry impact Visa products volume payments revenues brands competitive positioning intellectual property quality countries consumers merchants harm business financial results."
}
{
    "_id": "V20230172",
    "title": "",
    "text": "scrutiny global payments fees discount rates rules risk harm business."
}
{
    "_id": "V20230173",
    "title": "",
    "text": "Regulators authority regulate payments industry. See Item 1—Government Regulation. U. S. jurisdictions historically set default interchange reimbursement fees. revenue fees fees paid acquirers issuers reverse fees payments providers important determinant volume transactions. changes fees affect payments volumes revenues."
}
{
    "_id": "V20230176",
    "title": "",
    "text": "Interchange reimbursement fees operating rules practices government regulation central banks. Federal Reserve cap. debit interchange reimbursement rate institutions 21 cents 5 points fraud adjustment 1 cent. Dodd-Frank Act limits network exclusivity preferred routing debit prepaid impacts business. Federal Reserve. October two unaffiliated networks routing transactions by July 1, 2023. October 2023"
}
{
    "_id": "V20230183",
    "title": "",
    "text": "Reserve proposal debit interchange rates automatic adjustment two years. interest regulation credit interchange fees routing Congress state legislators. June 2023 legislation reintroduced. House Representatives Senate banks two unaffiliated networks credit. legislation introduced previous Congress 2022 failed law. current legislation bipartisan support outcome unclear sponsors advocate passage. IFR credit debit interchange fees cross-border (30 20 points. states reduce. Commission impact assessment lower caps expansion regulation products services fees. countries Latin America Argentina Brazil Chile Costa Rica. Pacific Reserve Bank Australia interchange rates debit. co-badging merchant routing dual network debit cards. New Zealand Parliament legislation capping interchange rates. governments India Costa Rica Turkey regulation MDR economics.focus interchange MDR regulation domestic rates cross-border rates. 2019 settled cross-border interchange rates European Commission. 2020 Costa Rica cross-border interchange rates. Cross-border MDR regulated Costa Rica Turkey. June 2022 PSR initiated market reviews post-Brexit interchange rates scheme processing fees. increased lobbying regulatory interest network fees UK Europe Chile. Argentina Chile Colombia Dominican Republic Paraguay Peru South Africa intervention filed claims network rules restrictions cross-border. New Zealand government pre-approval impact. regulations networks Visa products brand marks intellectual property. innovations payment technology regulatory influence. tokenization push payments. B2B Connect licensing authorization requirements. businesses regulated payment institutions money transmitters licensing supervisory requirements.requirement scheme costs commercial innovation product strategies."
}
{
    "_id": "V20230185",
    "title": "",
    "text": "Regulators approaches payments industry. development one jurisdiction may influence. risks new law regulation affect business. settlement with European Commission on cross-border interchange rates attention regulators. new regulations may prompt extend"
}
{
    "_id": "V20230187",
    "title": "",
    "text": "regulations product offerings. credit payments similar debit. RBA capped credit debit."
}
{
    "_id": "V20230188",
    "title": "",
    "text": "set default interchange reimbursement rates issuers acquirers find system less attractive. increase attractiveness other. issuers react fees reducing benefits products less appealing. acquirers charge higher MDR Visa merchants accept products steer alternative systems. reduce expense issuers obtained incentives reductions fees impacts revenues."
}
{
    "_id": "V20230189",
    "title": "",
    "text": "subject central bank oversight Brazil India UK EU. regulatory powers. oversight governance reporting licensing cybersecurity processing infrastructure capital credit risk management. policies settlement liquidity risks capital financial resources risk management governance. oversight criteria member participation merchant access payments system."
}
{
    "_id": "V20230190",
    "title": "",
    "text": "policymakers regulatory bodies U. Europe exploring competition laws digital economy restricting large technology companies mergers acquisitions competitors prohibiting self-preferencing behaviors. focus regulation large technology e-commerce social media companies payments networks limit products."
}
{
    "_id": "V20230191",
    "title": "",
    "text": "Government obligations restrictions payments prevent providers China India."
}
{
    "_id": "V20230192",
    "title": "",
    "text": "Governments shield domestic payments providers competition market access barriers regulations. policies affect competition impair international payments networks. authorities domestic providers mandate payments data processing prevent end-to-end processing."
}
{
    "_id": "V20230193",
    "title": "",
    "text": "UnionPay processor domestic domestic acceptance mark. filed application People’s Bank May 2020 operate Bank Card Clearing Institution timing steps approval uncertain. no guarantee license domestic networks. Co-badging co regulations challenges Visa. banks dual-branded cards UnionPay Visa international. dual-branded cards out new licenses. working Chinese issuers Visa-only branded cards international travel domestic transactions license. phase out dual-branded cards decreased payment volumes impacted revenue."
}
{
    "_id": "V20230195",
    "title": "",
    "text": "UnionPay grown China pursuing expansion pressures routing rule"
}
{
    "_id": "V20230197",
    "title": "",
    "text": "Visa routed VisaNet. regulatory barriers UnionPay Alipay WeChat expanded ecommerce cross-border payments. NetsUnion Clearing Chinese digital routing system competitive advantage international."
}
{
    "_id": "V20230198",
    "title": "",
    "text": "Regulatory initiatives in India data localization mandate suggest nationalistic priorities cost implications affect domestic payments providers. inability requirements impact business. Europe European banks launch pan-European payment system Payments Initiative (EPI). account-to-account payments reduce risks disintermediation European providers international reliance international payments networks. regional Gulf Cooperation Council Southeast Asia. participation transactions. African Development Bank national payment systems. South Africa on-shore processing domestic transactions. Geopolitical events sanctions trade tensions intensified activities affect business. U. S. European sanctions against Russia. payments networks Visa suspend operations countries concerns reliance on U. S. financial services domestic solutions. Russia called for BRICS countries lessen on Western payments systems integrating payments systems cards across."
}
{
    "_id": "V20230199",
    "title": "",
    "text": "banks Argentina Australia Canada Brazil Europe Mexico developing RTP networks payment solutions domestic transactions. July 2023. Federal Reserve launched FedNow Service clearing settlement expects features. countries exploring cross-border connectivity. jurisdictions exploring digital currencies retail. currencies payments disintermediation."
}
{
    "_id": "V20230200",
    "title": "",
    "text": "inability manage end-to-end processing cards in countries. depend on relationships with clients providers. by regulatory requirements transaction routing on-shore processing. national laws domestic providers processing may increase costs decrease payments volumes revenue Visa products global processing quality restrict activities limit growth products force leave countries markets create competitors harm business."
}
{
    "_id": "V20230201",
    "title": "",
    "text": "Laws personal impede services costs claims fines."
}
{
    "_id": "V20230203",
    "title": "",
    "text": "business on movement data across borders. Legal requirements collection storage handling security personal data subject to privacy protection requirements. efforts with. regulations international laws increase complexity expenses divert resources from limit services."
}
{
    "_id": "V20230205",
    "title": "",
    "text": "privacy laws include restrictions sensitive data notification compliance audit obligations. laws inconsistent conflicting requirements uncertain regulatory environment. Noncompliance penalties legal liability. Enforcement actions investigations data security privacy violations increasing. Europe Data Protection fines."
}
{
    "_id": "V20230206",
    "title": "",
    "text": "subject to laws regulations governing development deployment AI technologies. evolving no single global regulatory framework for AI. market assessing consumer protection laws AI. uncertainty on new laws existing laws AI. face challenges complexity changing AI technology laws. use AI learning risks. risks intellectual property personal information flaws in algorithms training. use deployment ethical considerations AI. governance frameworks not risks."
}
{
    "_id": "V20230207",
    "title": "",
    "text": "tax examinations disputes."
}
{
    "_id": "V20230208",
    "title": "",
    "text": "exercise judgment estimates income taxes liabilities. tax estimates factors limit accuracy. under U. S. Internal Revenue Service Revenue Customs tax authorities examinations. authorities disagree tax treatment increase tax liability. Failure harm cash flow financial position. changes laws. foreign jurisdictions digital services taxes changes Organization Economic Cooperation Program Work profit allocation affect tax rate. increase tax payments financial results. See Note 19—Income Taxes consolidated financial statements Item 8."
}
{
    "_id": "V20230210",
    "title": "",
    "text": "affected litigation investigations."
}
{
    "_id": "V20230211",
    "title": "",
    "text": "involved in litigants governments enforcement bodies violations competition antitrust consumer protection privacy intellectual property law. significant actions in Note 20—Legal Matters financial statements Item 8. actions uncertain expensive disruptive operations. liable large class action lawsuit antitrust. liability government investigation pay awards settlements fines. settlement terms judgments orders pressures harm business default interchange reimbursement rates Visa operating rules fees pricing. influence regulators investigators governments civil litigants lead additional actions against Visa. required to indemnify entities for litigation."
}
{
    "_id": "V20230213",
    "title": "",
    "text": "actions U. S. Note. Europe Responsibility Plans Note 20—Legal Matters financial statements Item 8 financial protections"
}
{
    "_id": "V20230215",
    "title": "",
    "text": "retrospective responsibility plans. two different protections mechanisms. failure settlements judgments losses liabilities harm financial condition cash flows insolvent."
}
{
    "_id": "V20230217",
    "title": "",
    "text": "face industry."
}
{
    "_id": "V20230218",
    "title": "",
    "text": "global payments space competitive. technology expectations new competitors emerge roles. products compete cash checks electronic virtual currency global networks domestic digital wallets alternative payments providers ecommerce mobile. complex competition clients providers fintechs digital payments technology companies governments. developing national schemes RTP networks payment platforms."
}
{
    "_id": "V20230219",
    "title": "",
    "text": "competitors may acquire develop technology delivery channels financial resources. offer programs products services. advertising marketing strategies brand recognition use. develop better security solutions favorable pricing arrangements. adapt technological change alternative payment services less favorable financial terms VisaNet hurt financial results."
}
{
    "_id": "V20230220",
    "title": "",
    "text": "competitors different business models cost structures market segments. regulatory technological developments. government mandates countries. American Express Discover private-label card networks virtual currency providers digital Alipay WeChat Pay operate closed-loop payments systems direct connections merchants consumers. Government Dodd-Frank Act IFR Europe initiatives. Federal Central Bank of may create new competitors. regulation Europe under PSD2 IFR may require open access network reduce infrastructure investment regulatory burden. efforts finance requirements underway Australia Brazil Canada U. S. could impose requirements access financial data. risk of disintermediation emerging technologies mobile payments alternative payment credentials ledger technologies bilateral agreements entities network. merchants issuers processors issuers acquirers."
}
{
    "_id": "V20230223",
    "title": "",
    "text": "expect competitive landscape shift evolve. competitors clients network participants developing alternative payments systems mobile ecommerce P2P real-time faster ACH debits reduce role disintermediate processing services. Examples initiatives Clearing House faster payments system Early Warning Services"
}
{
    "_id": "V20230230",
    "title": "",
    "text": "operates Zelle bank alternative network for faster funds real-time payments P2P corporate government disbursement bill pay deposit check transactions cryptocurrency. countries developing domestic networks switches RTP systems. Brazil India some government owns operates RTP systems. governments mandate banks merchants systems prohibit international networks risk business. (Latin America Southeast Asia Middle looking cross-border connectivity. India expanding digital infrastructure RTP system UPI cross-border payments. international networks like Visa unable participate in UPI. transactions may minimize eliminate position payments value chain. payment credentials tokens technologies migrate to alternative payment methods. •Participants may merge form joint ventures business combinations new services.standards cloud tokenization International Organization Standardization American National Standards Institute World Wide Web Consortium European Card Standards Group PCI Nexo costs Visa impact."
}
{
    "_id": "V20230231",
    "title": "",
    "text": "competitive landscape evolving risks new businesses products services practices. adjust local rules payment services agree arrangements Visa’s technology face operational costs risk litigation intellectual property. failure compete harm business future growth."
}
{
    "_id": "V20230232",
    "title": "",
    "text": "revenues profits client merchant base costly."
}
{
    "_id": "V20230233",
    "title": "",
    "text": "financial clients merchants reassess commitments develop services. issue non-Visa products. terminate relationship short without early termination fees. revenues largest clients loss business harm business financial condition. see Note 14—Enterprise-wide Disclosures Concentration Business consolidated financial statements Item 8."
}
{
    "_id": "V20230235",
    "title": "",
    "text": "face competitive pressure. competition RTP networks lower pricing G20 Roadmap Cross-border Payments. adjust pricing incentives increase volume market segments regulatory changes expand Visa products. up cash payments fee discounts rebates credits"
}
{
    "_id": "V20230237",
    "title": "",
    "text": "incentives marketing payments impact revenues profitability. incentives merchants acquirers routing preference. Market pressures pricing incentives discounts rebates moderate growth. cost productivity initiatives volumes harm revenues profits."
}
{
    "_id": "V20230238",
    "title": "",
    "text": "difficult costly to acquire business with financial institutions merchants relationships with competitors. more successful grow quickly than clients. consolidation acquisition largest clients by strong relationship business to competitor competitive disadvantage harm business."
}
{
    "_id": "V20230239",
    "title": "",
    "text": "lower costs practices harm business."
}
{
    "_id": "V20230240",
    "title": "",
    "text": "rely on merchants use acceptance Visa products. merchants groups influence global payments system U. Canada Europe acceptance costs lobbying legislation regulatory intervention filing lawsuits surcharging refusing Visa. increased compliance expenses decrease issuance consumer usage. U. stakeholders raised concerns payment security standards debit routing cost card acceptance. litigation. migration EMV-capable cards point-of-sale terminals. groups EMV certification process EMVCo Payment Card Industry Security Standards Council standards. merchants advocated for lower acceptance costs reduced interchange rates promotion benefits charging fees Visa-branded products impact transaction volumes revenues.merchants processors advocated changes Visa acceptance requirements Visa mandate PIN authenticated transactions differentiate Visa types impose surcharges Visa. impact usage decrease transaction volumes fee revenues regulatory enforcement litigation expenses harm business."
}
{
    "_id": "V20230241",
    "title": "",
    "text": "acquirers processors merchants ecommerce fintechs."
}
{
    "_id": "V20230243",
    "title": "",
    "text": "relationships with industry complex interests. depend on financial institution clients account holders merchants programs compete. provide incentives to merchants acquirers ecommerce platforms processors routing acceptance growth. engage payment card co-branding with merchants incentives. emerging fintechs enter payments industry role ecosystem issuer digital. relationships success relationships. depend on clients third parties network partners vendors suppliers to facilitate process transactions provide services adhere to operating rules laws. negative"
}
{
    "_id": "V20230245",
    "title": "",
    "text": "holders Visa harm business reputation."
}
{
    "_id": "V20230246",
    "title": "",
    "text": "business harmed maintain enhance brand events damage brand brand disintermediation."
}
{
    "_id": "V20230247",
    "title": "",
    "text": "brand globally recognized key business. clients account holders associate brand with acceptance security convenience speed reliability. success depends on maintain value brand reputation payments elevate brand uphold corporate reputation. popularity of products developed technology financial government actions Visa-branded card transactions cause brand disintermediation ecommerce mobile decrease presence brand. reputation impacted by service disruptions data security breaches compliance failures by Visa failure meet expectations negative perception industry ill-perceived actions affiliations fraudulent illegal activities products. brand impacted products payment for controversial products services adult content cryptocurrencies firearms gambling. risks exacerbated if financial partners merchants maintain controls legality legal liability extended to ancillary participants in political debates commerce.maintain reputation brand harm relationships clients holders employees governments public impact business."
}
{
    "_id": "V20230248",
    "title": "",
    "text": "market health harm business."
}
{
    "_id": "V20230249",
    "title": "",
    "text": "half net revenues outside U. S. International cross-border revenues growth strategy. dependent payment transactions consumers governments businesses economic political health. Adverse macroeconomic conditions. recessions inflation interest rates unemployment currency fluctuations defaults energy prices slowdown trade reduced consumer corporate spending volumes transactions revenues. governments reduce fees costs. pricing measures financial pressures."
}
{
    "_id": "V20230251",
    "title": "",
    "text": "outbreaks COVID-19 health issues political uncertainties hostilities conflicts wars unrest climate events extreme weather power natural disasters operations clients suppliers activities-border travel spend. World Health Organization federal government COVID-19 risks business cash flows financial condition. effects difficult uncertainties resumption international travel indirect impact economic activity. countries electronic payments COVID-19 relief measures. rescinded expired"
}
{
    "_id": "V20230253",
    "title": "",
    "text": "interchange MDR regulation intervention relief initiatives."
}
{
    "_id": "V20230254",
    "title": "",
    "text": "Geopolitical trends nationalism protectionism restrictive visa requirements economic sanctions tariffs trade restrictions expansion business operations. 2022 economic sanctions imposed Russia. European Union Visa clients. March 2022 suspended operations Russia generating revenue domestic cross-border. 2022 2021 net revenues Russia 2% 4% consolidated net revenues. war Ukraine actions Russia regional global economies business."
}
{
    "_id": "V20230255",
    "title": "",
    "text": "decline economic political health social conditions clients reduce cards accounts credit lines consumption revenues. clients implement cost-reduction initiatives marketing budgets decrease spending services. financial markets credit market credit rating increase borrowing costs capital credit markets liquidity capital resources increase cost capital."
}
{
    "_id": "V20230256",
    "title": "",
    "text": "governments investors stakeholders face pressures climate change environmental social topics implementing regulations imposing expectations investments disclosure commerce consumption behaviors. decline in cross-border travel spend volumes transactions currency exchange international revenues."
}
{
    "_id": "V20230257",
    "title": "",
    "text": "aspirations corporate responsibility sustainability affect results reputation."
}
{
    "_id": "V20230258",
    "title": "",
    "text": "subject to laws regulations sustainability climate change human capital inclusion diversity human rights. stakeholders governments customers employees investors expectations corporate responsibility. established CRS initiatives adopted reporting frameworks announced goals. change investments guarantee."
}
{
    "_id": "V20230259",
    "title": "",
    "text": "CRS objectives subject to risks outside control including evolving legal environment regulatory requirements tracking reporting actions suppliers partners third parties. regulators proposed rules standards business. CRS standards reflect conflicting values practices judged by standards evolving. methodologies reporting CRS data updated adjusted availability quality changing assumptions changes operations. lack of consistent comparative data. new laws regulations stringent increased compliance burdens costs."
}
{
    "_id": "V20230261",
    "title": "",
    "text": "stakeholders differing views CRS goals initiatives negative attention negative response. face conflicting supervisory directives. authorities CRS issues Congress. state governments conflicting priorities. pressure"
}
{
    "_id": "V20230263",
    "title": "",
    "text": "impacts inaccurate CRS practices diversion management proxy fights adverse impacts. adhere statements comply CRS laws meet stakeholder expectations standards business reputation financial results."
}
{
    "_id": "V20230264",
    "title": "",
    "text": "indemnification obligation losses risk liquidity."
}
{
    "_id": "V20230265",
    "title": "",
    "text": "indemnify issuers acquirers settlement losses failure obligations Visa rules. indemnify transaction processed. indemnification creates settlement risk timing difference payment transaction settlement. indemnification limited to unsettled Visa card transactions subsequent amounts adjustments transactions. Changes credit standing settlement failures insolvencies systemic operational failures expose liquidity risk impact financial position. liquidity failure recover payment. losses business. Note 12—Settlement Guarantee Management consolidated financial statements Item 8."
}
{
    "_id": "V20230267",
    "title": "",
    "text": "anticipate technologies payments harm business growth."
}
{
    "_id": "V20230268",
    "title": "",
    "text": "global payments industry technological change mobile proximity in-app payment technologies ecommerce tokenization cryptocurrencies distributed ledger blockchain cloud-based encryption authorization authentication biometrics FIDO 2. 3D Secure 2. dynamic cardholder verification. expect new services technologies including Visa. generative AI solutions for Visa clients suppliers merchants partners serve consumers. adoption AI introduce security risks payments. work with third parties development new technologies. difficult predict. new technologies intellectual property lawsuits development licenses design changes. If adapt technologies could harm decrease value products impact intellectual property licensing rights business future growth."
}
{
    "_id": "V20230269",
    "title": "",
    "text": "disruption networks cyber-attacks harm business."
}
{
    "_id": "V20230271",
    "title": "",
    "text": "cybersecurity processing systems financial institutions merchants providers errors interruptions delays damage power outages hardware software network failures viruses ransomware errors cyber-attacks terrorism workplace violence catastrophic events disasters climate change. risk third party suppliers supply disruptions. extended disruption processing technology services."
}
{
    "_id": "V20230273",
    "title": "",
    "text": "visibility in global payments industry risk. cyber-attack attempts. impacted by breaches financial institutions merchants third service providers. nation states attacks financial clients merchants issuers data security breaches Visa holders. increase online banking ecommerce employees remotely COVID-19 increased cyber payment fraud activity DDoS phishing social engineering. attacks breaches fraudulent activity financial losses to clients."
}
{
    "_id": "V20230274",
    "title": "",
    "text": "evolving cybersecurity threats advanced cyber-attacks targeted attacks against employees partners. insider phishing deepfake social engineering internet compromise confidentiality availability integrity data third-party providers. tactics techniques procedures unauthorized access systems change complex difficult to detect anticipate. cybercriminals advanced capabilities zero-day vulnerabilities new generative AI. security measures procedures consumer data not counter all security breaches cyber-attacks system failures. mitigation efforts dependent on third parties contractual standards vulnerabilities security defects hardware software services error lack malware prevention. Despite security measures no assurance prevent threats."
}
{
    "_id": "V20230275",
    "title": "",
    "text": "global Visa subject to complex cybersecurity regulations incident reporting requirements jurisdictions. short timeframes risk Visa meet deadlines. compliance to monetary damages penalties litigation damage reputation brand."
}
{
    "_id": "V20230276",
    "title": "",
    "text": "events disrupt operations impact clients consumers damage reputation brand litigation violations privacy regulatory review investigations fines penalties business practices decrease use acceptance volume revenues growth prospects costly time consuming difficult. recover functions assets data continuity program. insurance coverage cover losses claims."
}
{
    "_id": "V20230278",
    "title": "",
    "text": "achieve acquisitions ventures face risks uncertainties."
}
{
    "_id": "V20230281",
    "title": "",
    "text": "make acquisitions strategic investments enter joint ventures. achieve benefits involve risks uncertainties •disruption business diversion resources attention"
}
{
    "_id": "V20230299",
    "title": "",
    "text": "expected investment expenses develop integrate entities joint ventures data security cybersecurity operational resilience susceptible cyber incidents implementing controls procedures policies integrating new employees business cultures systems technologies retain employees clients partners foreign risks integration operations across cultures languages •disruptions costs liabilities judgments settlements business pressures litigation investigations legal proceedings inability pursue litigation obtain government approvals burdensome economic political regulatory compliance risks new business new regions countries.regulatory risks see Item 1—Government Regulations Risks unidentified issues liabilities acquisitions joint ventures investments mitigate deficiencies liabilities entities issuance equity securities incurrence debt impact financial position benefits acquisitions."
}
{
    "_id": "V20230300",
    "title": "",
    "text": "pursue objectives exchange program divert resources attention business harm reputation."
}
{
    "_id": "V20230301",
    "title": "",
    "text": "attract hire retain workforce management."
}
{
    "_id": "V20230303",
    "title": "",
    "text": "talents employees key management vital to success. market for skilled workers leaders fintech technology cybersecurity competitive. management team experience difficult replace. may retain qualified employees employment terms competitive. changes laws travel work authorizations difficult impair attract hire retain employees. Failure attract hire develop motivate retain talent changing worker expectations flexible work models goals inclusive"
}
{
    "_id": "V20230305",
    "title": "",
    "text": "culture address scrutiny inclusion diversity programs succession plan management maintain corporate culture innovation collaboration inclusion model design flexible work models impact workforce goals business objectives future success."
}
{
    "_id": "V20230306",
    "title": "",
    "text": "conversions B C stock into shares A voting dilution impact market price A stock."
}
{
    "_id": "V20230307",
    "title": "",
    "text": "market price class A common stock could fall. value B C tied to class A common stock. U. S. plan resolution. litigation class B common stock convertible into A. Europe plan Visa value series B C stock current potential litigation. C convertible to A 2028 (subject holdback claims. Conversion B C stock A common stock voting power stockholders. sale converted class A common stock impact market price."
}
{
    "_id": "V20230308",
    "title": "",
    "text": "Holders B C common stock preferred different interests transactions."
}
{
    "_id": "V20230309",
    "title": "",
    "text": "voting rights limited holders class B C common stock series A, B C preferred stock can vote on significant transactions. C transactions include consolidation merger exit core payments business vote Delaware law certificate incorporation amendments. see Item 7 potential exchange offer program. series A B C preferred stock voting rights limited to consolidations mergers holders receive shares equity securities not identical series B C securities cash property different class A. holders current former clients interests diverge from class A stockholders. corporate action conflict with."
}
{
    "_id": "V20230310",
    "title": "",
    "text": "Delaware law incorporation bylaws capital merger takeover."
}
{
    "_id": "V20230316",
    "title": "",
    "text": "in certificate incorporation bylaws capital structure delay merger takeover change control. person own 15 percent class A common stock unless competitor hold than 5 percent common stock affirmative votes class B C series A B C preferred stock required for consolidations mergers stockholders during meeting written consent"
}
{
    "_id": "V20230319",
    "title": "",
    "text": "board Chairperson CEO stockholders owned year 15 percent voting power common stock special meeting."
}
{
    "_id": "V20230322",
    "title": "",
    "text": "."
}
{
    "_id": "V20230324",
    "title": "",
    "text": "September 2023 owned leased 144 office 82 countries four centers. Singapore. headquarters San Francisco Bay."
}
{
    "_id": "V20230325",
    "title": "",
    "text": "believe facilities suitable business."
}
{
    "_id": "V20230327",
    "title": "",
    "text": "Note consolidated statements Item 8."
}
{
    "_id": "V20230330",
    "title": "",
    "text": "."
}
{
    "_id": "V20230332",
    "title": "",
    "text": "Equity Stockholder Purchases Securities"
}
{
    "_id": "V20230333",
    "title": "",
    "text": "class A common stock listed New York Stock Exchange “V”. November 8, 2023 316 stockholders. beneficial owners greater holders held brokers. no public trading market B C stock. 2023 1,106 381 holders B C."
}
{
    "_id": "V20230334",
    "title": "",
    "text": "October 24 2023 declared quarterly dividend $0. 52 share A stock payable December 1 2023 holders November 9, 2023."
}
{
    "_id": "V20230335",
    "title": "",
    "text": "funds continue quarterly dividends stock. payment dividends discretion board directors financial condition settlement indemnifications operating results cash needs."
}
{
    "_id": "V20230343",
    "title": "",
    "text": "table purchases common stock quarter September 30 2023 Shares Purchased Purchase Price Plans Value Shares Purchased millions July 1-31, 2023. 62,215 August 1-31 2023. September 1-30 2023. 94 Total."
}
{
    "_id": "V20230344",
    "title": "",
    "text": "taxes."
}
{
    "_id": "V20230345",
    "title": "",
    "text": "figures reflect transactions trade dates. impact repurchases recorded settlement dates."
}
{
    "_id": "V20230346",
    "title": "",
    "text": "Note Equity statements Item 8 repurchase programs."
}
{
    "_id": "V20230350",
    "title": "",
    "text": "Discussion Financial Operations"
}
{
    "_id": "V20230351",
    "title": "",
    "text": "management’s discussion analysis results operations financial condition liquidity capital resources Visa Inc. subsidiaries factors recent earnings future earnings. consolidated financial statements notes Item 8."
}
{
    "_id": "V20230352",
    "title": "",
    "text": "discusses 2023 2022. Discussion Analysis Financial Condition Results Part II Item 7 Annual Report Form 10-K September 30 2022 Securities Exchange Commission."
}
{
    "_id": "V20230354",
    "title": "",
    "text": "Visa payments commerce money movement 200 countries consumers merchants institutions government. processing services authorization clearing settlement VisaNet network. products solutions secure reliable efficient money movement."
}
{
    "_id": "V20230365",
    "title": "",
    "text": "Financial overview. summary. S. GAAP non-GAAP results Years Ended September 30. 2021 millions share data Net revenues,653,310,105 Operating expenses,653,497,301 Net income,273,311 Diluted earnings per share. Non-GAAP operating expenses(2),481,387 Non net income(2),280,034,933-GAAP diluted earnings per."
}
{
    "_id": "V20230366",
    "title": "",
    "text": "recalculate rounding. Percentage changes unrounded."
}
{
    "_id": "V20230367",
    "title": "",
    "text": "reconciliation GAAP non-GAAP see tables."
}
{
    "_id": "V20230368",
    "title": "",
    "text": "Disruption Banking Sector. 2023. banks failed volatility markets. results. monitor operational risks settlement obligations."
}
{
    "_id": "V20230369",
    "title": "",
    "text": "Russia Ukraine. 2022 economic sanctions U. European Union Visa clients. March 2022 suspended operations generating revenue cross-border. 2022 2021 revenues Russia 2% 4% consolidated net revenues."
}
{
    "_id": "V20230370",
    "title": "",
    "text": "liquidity financial institutions war Ukraine difficult uncertainties Part I Item 1A. impact business."
}
{
    "_id": "V20230372",
    "title": "",
    "text": "fiscal 2023. revenues increased 11% cross-border transactions payments offset"
}
{
    "_id": "V20230374",
    "title": "",
    "text": "incentives. Exchange rate revenues."
}
{
    "_id": "V20230375",
    "title": "",
    "text": "GAAP expenses increased 11% higher expenses personnel. Non-GAAP expenses increased 12% higher expenses."
}
{
    "_id": "V20230376",
    "title": "",
    "text": ". June 2023 Pismo Holdings cloud-native Latin America Asia Europe $1. billion. closing conditions regulatory reviews approvals."
}
{
    "_id": "V20230377",
    "title": "",
    "text": ". 2023 accruals $906 million. deposits $1. billion. escrow account. Note. Europe Responsibility Plans Matters financial statements Item 8."
}
{
    "_id": "V20230378",
    "title": "",
    "text": "exchange program. September 2023 engaging stockholders amendments Visa transfer restrictions class B common stock resolution. litigation. report Form 8-K SEC September 13, 2023."
}
{
    "_id": "V20230379",
    "title": "",
    "text": "repurchases. 2022 $12. billion repurchase. repurchased 55 million shares $12. billion. September 2023 $5. billion. October 2023 $25. billion multi-year flexibility. Note Equity Item 8."
}
{
    "_id": "V20230384",
    "title": "",
    "text": "Non-GAAP financial results. use measures exclude items representative operations non-recurring no cash impact distort trends.-GAAP measures provide transparency performance. •Gains losses equity investments. include non-cash fair value adjustments sale. strategic private. tied to performance companies correlate underlying performance business. •Amortization of acquired intangible assets. technology customer relationships brands business combinations fiscal 2019. charges non-cash affected by timing frequency size operations. excluded amount evaluation current performance comparison. •Acquisition-related costs. one-time transaction integration costs. include professional fees technology integration fees restructuring activities costs. retention equity deferred equity compensation. excluded amounts limited duration reflect underlying performance."
}
{
    "_id": "V20230389",
    "title": "",
    "text": "provision. recorded accruals interchange multidistrict litigation. recover monetary liabilities. litigation B. 2023 2022 earnings A stock unchanged increased $0. 01 conversion. diluted earnings unchanged. Note 5—U. Europe Retrospective Plans Note 20—Legal Matters consolidated financial statements Item 8.-Ukraine charges. recorded loss deconsolidation Russian subsidiary charges personnel expense employees. one-time charges performance. deferred tax balances. legislation tax rate 19% to 25% April 1 2023 remeasured UK deferred tax liabilities non-recurring non-cash income tax expense. taxes. recognized one-time charge additional taxes. not representative ongoing operations."
}
{
    "_id": "V20230400",
    "title": "",
    "text": "Non-GAAP expenses income tax provision rate net income diluted earnings per share measures U. S. GAAP. tables reconcile financial measures. non-GAAP measures Year Ended September 30, Expenses Income Tax Income Tax Income Earnings Per millions,653,764. losses equity investments. Amortization acquired intangible assets. Acquisition-related costs. Litigation provision. Non-GAAP."
}
{
    "_id": "V20230421",
    "title": "",
    "text": "Year Ended September 30 Expenses-operating Income Tax Income Tax Income Earnings Per Share(2) millions,497,179. losses equity investments. Amortization intangible assets. Acquisition-related costs. Litigation provision. Russia-Ukraine charges. Non-GAAP. Year Ended September 30 Expenses-operating Income Tax Provision(1) Income Tax Income Earnings Per Share(2) millions,301,752.losses equity investments(712). Amortization acquired intangible assets. Acquisition-related costs. Remeasurement deferred tax balances. Indirect taxes. Non-GAAP."
}
{
    "_id": "V20230422",
    "title": "",
    "text": "applying tax."
}
{
    "_id": "V20230423",
    "title": "",
    "text": "rounding. tax rate diluted earnings totals unrounded numbers."
}
{
    "_id": "V20230424",
    "title": "",
    "text": "Payments volume processed transactions. service processed data processing revenues."
}
{
    "_id": "V20230426",
    "title": "",
    "text": "Payments volume purchases cards Visa Electron V PAY Interlink excludes Europe. denominated. dollars calculated. dollar exchange rate. Processed transactions cards Visa Electron V PAY Interlink PLUS networks."
}
{
    "_id": "V20230450",
    "title": "",
    "text": "tables payments cash volume. IncMonths Ended June 30 billions Nominal payments Consumer credit,230#2,047#2,810#2,695,040#4,742 Consumer debit(3)####2,619,668,728,490,346 Commercial(4)####882,382 Total nominal payments volume(2)#6,045#5,548#5,922,074,470 Cash volume(5)####631,453 Total nominal volume(2)#6,653#6,179#7,873#7,851#14,526#14,030##4#. Inc.Months Ended June 30% billions percentages Nominal payments Consumer credit#2,047#1,641#2,695,398#4,742,039 Consumer debit(3),388,728,443,346 Commercial(4),382,104 Total nominal payments volume(2)#5,548#4,725#5,922,248,470#9,973 Cash volume(5)####1,925 Total nominal volume(2)#6,179#5,360#7,851#7,172,030#12,532"
}
{
    "_id": "V20230461",
    "title": "",
    "text": "table presents change nominal constant payments cash volume Inc. Months Ended June 30 2023 vs 2022(1) 2022 vs 2021(1) 2023 vs 2022(1) 2022 vs 2021(1) Payments volume growth Consumer credit growth# Consumer debit growth(3)# Commercial growth(4) Total payments volume growth## Cash volume growth(5) Total volume growth#####"
}
{
    "_id": "V20230462",
    "title": "",
    "text": "revenues quarter assessed payments prior. revenues twelve months September 30 2023 2022 2021 based payments clients. information updated. Prior updates not material."
}
{
    "_id": "V20230463",
    "title": "",
    "text": "recalculate rounding. Percentage changes totals unrounded."
}
{
    "_id": "V20230464",
    "title": "",
    "text": "prepaid Interlink."
}
{
    "_id": "V20230465",
    "title": "",
    "text": "small credit debit commercial prepaid."
}
{
    "_id": "V20230466",
    "title": "",
    "text": "volume balance transfers convenience checks."
}
{
    "_id": "V20230467",
    "title": "",
    "text": "nominal volume payments cash. provided financial institution clients Visa."
}
{
    "_id": "V20230469",
    "title": "",
    "text": "constant-dollar foreign currency against. dollar"
}
{
    "_id": "V20230475",
    "title": "",
    "text": "table presents processed transactions Years Ended September 30. millions percentages Visa processed transactions,734"
}
{
    "_id": "V20230476",
    "title": "",
    "text": "table recalculate rounding. Percentage changes unrounded numbers. information updated. updates."
}
{
    "_id": "V20230479",
    "title": "",
    "text": "net revenues payments Visa transactions network. See Note Accounting Policies consolidated financial statements Item 8 net revenues."
}
{
    "_id": "V20230486",
    "title": "",
    "text": "table presents net revenues. Years Ended September 30 millions.,138,851,160 International,459,945 revenues,653,310,105"
}
{
    "_id": "V20230487",
    "title": "",
    "text": "recalculate rounding. Percentage changes unrounded."
}
{
    "_id": "V20230488",
    "title": "",
    "text": "revenues 2023 cross-border transactions payments offset client incentives."
}
{
    "_id": "V20230489",
    "title": "",
    "text": "net revenues impacted. dollar revenues converted. 2023 exchange rate lowered net revenues growth-half points."
}
{
    "_id": "V20230499",
    "title": "",
    "text": "table net revenues Years Ended September 30 Service,361,475 Data processing,007,438,792 International,638 Other,479 Client incentives,297,295),367 Net,653,310,105"
}
{
    "_id": "V20230502",
    "title": "",
    "text": "table recalculate rounding. Percentage changes unrounded numbers. revenues increased 5% growth payments business mix. suspension Russia."
}
{
    "_id": "V20230507",
    "title": "",
    "text": "processing revenues increased 10% growth transactions pricing modifications value added services. suspension Russia. revenues increased cross-border volumes 23% pricing modifications offset lower volatility. revenues increased marketing consulting services pricing modifications. incentives increased payments volume 2023. vary performance expectations amendments contracts."
}
{
    "_id": "V20230517",
    "title": "",
    "text": "operating expenses salaries benefits incentive share contractor expenses. advertising sponsorships promotions Visa. processing expenses processing network maintenance equipment rental data processing services. fees legal consulting services. amortization software property equipment finite intangible assets acquisitions. administrative expenses card benefits airport lounge cardholder protection concierge facilities travel taxes foreign exchange gains losses corporate expenses. provision expenses estimate profile specifics advice loss."
}
{
    "_id": "V20230530",
    "title": "",
    "text": "table operating expenses Years Ended 30 Personnel,240 Marketing,341,336 Network processing Professional fees Depreciation amortization administrative,330,194 Litigation operating,653,497,301"
}
{
    "_id": "V20230532",
    "title": "",
    "text": "recalculate rounding. Percentage changes unrounded."
}
{
    "_id": "V20230537",
    "title": "",
    "text": "expenses performance. Item 7. expenses increased employees compensation future growth acquisitions. amortization expenses increased investments acquisitions. administrative expenses increased foreign currency travel benefits suspension operations Russia. provision increased higher accruals. litigation. Note. Europe Responsibility Plans Note 20—Legal Matters Item 8."
}
{
    "_id": "V20230539",
    "title": "",
    "text": "Non-operating income includes borrowings losses investments tax liabilities non-service pension."
}
{
    "_id": "V20230546",
    "title": "",
    "text": "table presents non-operating income Years Ended September 30 millions Interest expense Investment income non-operating income(677)#259"
}
{
    "_id": "V20230549",
    "title": "",
    "text": ". Percentage changes unrounded numbers. expense losses derivative instruments offset interest debt. Note Hedging Instruments consolidated financial statements Item 8."
}
{
    "_id": "V20230551",
    "title": "",
    "text": "income higher interest lower losses. Note Value Measurements Investments consolidated statements Item 8."
}
{
    "_id": "V20230556",
    "title": "",
    "text": "table income tax rates Years Ended September 30 tax"
}
{
    "_id": "V20230559",
    "title": "",
    "text": "income tax rates 2023 2022 18% 2023 $142 million tax benefit reassessment uncertain tax position information 2022 $176 million benefit state apportionment tax position."
}
{
    "_id": "V20230561",
    "title": "",
    "text": "cash flow budgets forecasts liquidity needs believe 12 months. assess liquidity position supplemental liquidity operating performance economic capital market conditions circumstances."
}
{
    "_id": "V20230570",
    "title": "",
    "text": "table summarizes cash flow Years Ended September 30 millions cash Operating,755,849,227 Investing(2,006),288 Financing,772,696"
}
{
    "_id": "V20230571",
    "title": "",
    "text": ". Cash 2023 higher due growth business offset incentive payments."
}
{
    "_id": "V20230572",
    "title": "",
    "text": "activities. Cash 2023 lower due absence cash acquisitions settlement hedge instruments lower purchases offset lower sales maturities."
}
{
    "_id": "V20230573",
    "title": "",
    "text": "activities. Cash 2023 higher due senior notes higher principal debt higher dividends share repurchases."
}
{
    "_id": "V20230576",
    "title": "",
    "text": "investments. September 30 2023 $16. 3 billion debt securities $5. 4 billion. portfolio working capital liquidity. securities. Treasury. $3. 5 billion current short-term liquidity."
}
{
    "_id": "V20230578",
    "title": "",
    "text": "investments year balance available short-term liquidity needs."
}
{
    "_id": "V20230579",
    "title": "",
    "text": "Factors liquidity include credit ratings regulatory developments central banks monetary authorities credit markets. review portfolio market conditions. if market conditions deteriorate liquidity investments impaired impact financial results. policies limit credit exposure financial institution."
}
{
    "_id": "V20230580",
    "title": "",
    "text": ". working capital. September 30, 2023 no outstanding obligations. Note consolidated financial statements Item 8."
}
{
    "_id": "V20230581",
    "title": "",
    "text": ". unsecured $7. billion expires May 2028. September 30 2023 no. Note statements 8."
}
{
    "_id": "V20230582",
    "title": "",
    "text": ". Litigation escrow account. responsibility plan Visa shareholders liability. litigation escrow account liabilities. payable. funds restricted payments. litigation rely. Note 5—U. S. Europe Retrospective Plans Note 20—Legal Matters consolidated financial statements Item 8."
}
{
    "_id": "V20230584",
    "title": "",
    "text": "Payments settlement. daily liquidity requirement. dollar settlements settled receivable balance currencies. outstanding days industry practice. fiscal 2023 settlement working capital. September 30, 2023 held $10. 1 billion liquidity daily settlement remaining working capital. Note 12—Settlement Guarantee Management financial statements Item 8."
}
{
    "_id": "V20230585",
    "title": "",
    "text": ". settlements future liquidity. 2023 deposited $1. billion. litigation escrow account litigation. balance September 30 2023 $1. 8 billion restricted cash balance sheets. Note. Europe Responsibility Plans Matters 8."
}
{
    "_id": "V20230586",
    "title": "",
    "text": "stock repurchases. 2023 $12. 2 billion. September 30 $5. billion. October 2023 authorized $25. billion repurchase multi-year flexibility. repurchases market performance accelerated open market purchases transactions Rule 10b5-1 plans. Note Equity statements 8."
}
{
    "_id": "V20230588",
    "title": "",
    "text": ". 2023 paid $3. 8 billion dividends stock. October 24 2023 declared quarterly dividend $0. 52 share class A common stock. pay $1. 1 billion December 1, 2023. dividends"
}
{
    "_id": "V20230590",
    "title": "",
    "text": "board directors. B C share future dividends."
}
{
    "_id": "V20230591",
    "title": "",
    "text": ". September 30, 2023 outstanding principal $20. 9 billion. repaid $2. 25 billion December 2022 notes. $500 million green bond allocated $391 million green projects. Note 8."
}
{
    "_id": "V20230592",
    "title": "",
    "text": ". September 30 2023 short long liabilities balance $8. 2 billion."
}
{
    "_id": "V20230593",
    "title": "",
    "text": ". September 2023 liabilities $1. 6 billion. Taxes statements Item 8."
}
{
    "_id": "V20230594",
    "title": "",
    "text": ". June 2023 acquire Pismo $1. billion. regulatory reviews approvals."
}
{
    "_id": "V20230595",
    "title": "",
    "text": "Purchase obligations. September 30, 2023 long obligations $1. 7 billion $0. 9 billion agreements quantities price timing. estimated timing. future obligations software licenses Note consolidated financial statements Item 8."
}
{
    "_id": "V20230596",
    "title": "",
    "text": ". September 30, 2023 long obligations $12 million $421 million leases. future lease payments Note 9—Leases statements Item 8."
}
{
    "_id": "V20230597",
    "title": "",
    "text": "Tax Cuts Jobs Act. 2023 obligations $162 $431 million transition tax earnings non. subsidiaries."
}
{
    "_id": "V20230599",
    "title": "",
    "text": "indemnify clients losses failure fund. indemnification limited unsettled Visa transactions. global settlement risk policies post collateral credit standards. Note Accounting Policies Note 12—Settlement Guarantee Management financial statements Item 8."
}
{
    "_id": "V20230601",
    "title": "",
    "text": "Financial Accounting Standards Board issued accounting updates financial statements."
}
{
    "_id": "V20230603",
    "title": "",
    "text": "consolidated financial statements prepared accounting principles judgments assumptions estimates amounts. Note Accounting Policies statements Item 8. established policies procedures ensure estimates assumptions. results differ assumptions material."
}
{
    "_id": "V20230605",
    "title": "",
    "text": "believe accounting estimates critical understand financial results require subjective management judgments need effect uncertain."
}
{
    "_id": "V20230608",
    "title": "",
    "text": ". long-term incentive agreements clients merchants partners cash incentives revenue payments volume Visa acceptance transactions innovation. incentives accounted reductions revenues separate benefit operating expenses. Incentives recognized estimate performance. estimates reviewed adjusted expectations performance amendments contracts."
}
{
    "_id": "V20230609",
    "title": "",
    "text": "Assumptions judgment. incentives volume card issuance conversion. Performance transactional historical conditions discussions merchants."
}
{
    "_id": "V20230610",
    "title": "",
    "text": "results differ. performance estimates incentives different. Increases incentive payments driven by payments transaction volume revenues. payments exceed estimates financial condition cash flows. cumulative impact revision estimates recorded."
}
{
    "_id": "V20230612",
    "title": "",
    "text": "estimates. involved legal proceedings outcomes not control. Management assess probability loss estimate consolidated financial statements."
}
{
    "_id": "V20230613",
    "title": "",
    "text": "judgment. evaluate likelihood potential loss legal proceedings. record liability loss probable amount estimated. judgment required probability. judgments subjective based factors understanding legal profile history advice legal counsel estimate loss. additional information reassess potential loss revise estimates."
}
{
    "_id": "V20230614",
    "title": "",
    "text": "entered loss sharing agreements liability litigation. U. S responsibility plan addresses monetary liabilities. litigation. U litigation escrow account. higher balance. Europe plan covers territory liabilities fines penalties European Commission proceedings. Note 5—U. S Europe Retrospective Plans Note 20—Legal Matters financial statements Item 8."
}
{
    "_id": "V20230615",
    "title": "",
    "text": "Impact results differ assumptions. uncertainties legal regulatory jurisdictions judgments effects business financial conditions results. Note 20—Legal Matters consolidated financial statements Item 8."
}
{
    "_id": "V20230618",
    "title": "",
    "text": "estimates. tax rate tax positions timing deductions allocations jurisdictions."
}
{
    "_id": "V20230620",
    "title": "",
    "text": "Assumptions judgment. tax filing positions timing deductions credits allocation income jurisdictions local tax laws. inventory evaluate measure uncertain tax positions returns record liabilities taxing authorities."
}
{
    "_id": "V20230621",
    "title": "",
    "text": "Impact results differ from assumptions. estimates judgments reasonable results differ. judgments review taxing authorities. challenge right realize tax benefit effect financial condition results operations cash flows."
}
{
    "_id": "V20230623",
    "title": "",
    "text": "Market risk economic loss market factors. currency rates interest rates equity prices. monitored."
}
{
    "_id": "V20230625",
    "title": "",
    "text": "exposed to risks foreign currency exchange rate fluctuations related revenues transactions payments. manage risks foreign currency forward contracts variability cash flows. exchange rate risk management program reduces impact."
}
{
    "_id": "V20230626",
    "title": "",
    "text": "September 2023 2022 10% weakening loss $236 million $220 million foreign currency contracts. offset gain cash foreign revenues payments. Note Accounting Policies Note Hedging Instruments financial statements Item 8."
}
{
    "_id": "V20230627",
    "title": "",
    "text": "exposed foreign currency exchange rate risk Euro. Translation. dollar accounts expense accounts average rate. translation adjustments income balance sheets. 10% change Euro. dollar September 30 2023 2022 currency translation adjustment $1. 9 billion $1. 8 billion."
}
{
    "_id": "V20230628",
    "title": "",
    "text": "September 30 2023 2022 designated €3. billion €1. 2 billion Euro-denominated senior notes exchange Visa Europe. offset. Note Accounting Policies Note Hedging Instruments consolidated financial statements Item 8."
}
{
    "_id": "V20230630",
    "title": "",
    "text": "subject foreign currency exchange risk settlement. rate setting market trades. limited procedures Visa settlement systems interaction foreign counterparties."
}
{
    "_id": "V20230633",
    "title": "",
    "text": "investment portfolio assets fixed adjustable-rate securities. interest rate risk. fair value interest rates. falling-rate environment reinvestment risk less interest income. 2023 2022 100 point increase interest rates fair value $43 million $47 million. losses sold investments maturity. investments until maturity."
}
{
    "_id": "V20230634",
    "title": "",
    "text": "interest rate cross-currency swap agreements senior notes interest rate reduce cost borrowing. convert. fixed. dollar Euro floating-rate. risks interest rate fluctuations. 100 point increase $40 million annual interest expense. Note 13—Derivative Hedging Instruments consolidated financial statements Item 8."
}
{
    "_id": "V20230637",
    "title": "",
    "text": "equity investments marketable non-marketable securities. publicly traded non privately companies. September 30, 2023 2022 value marketable $163 million $291 million non-marketable $1. 4 billion $1. 2 billion. market-related risks reduce value. decline financial results loss carrying value. review non-marketable securities for impairment cash flows capital needs business model."
}
{
    "_id": "V20230640",
    "title": "",
    "text": "."
}
{
    "_id": "V20230648",
    "title": "",
    "text": "Report Accounting LLP Santa Clara CA Auditor 185 Balance Sheets Operations Income Equity Cash Flows"
}
{
    "_id": "V20230653",
    "title": "",
    "text": "."
}
{
    "_id": "V20230654",
    "title": "",
    "text": "Consolidated Statements Control"
}
{
    "_id": "V20230655",
    "title": "",
    "text": "audited balance sheets Visa Inc. subsidiaries September 30 2023 2022 statements operations income equity cash flows 2023. audited control financial reporting 2023 Internal Control Integrated Framework (2013) Treadway Commission."
}
{
    "_id": "V20230656",
    "title": "",
    "text": "consolidated financial statements present financial position Company September 30 2023 2022 results cash flows 2023. accounting principles. Company maintained internal control financial reporting 2023 Internal Control – Integrated Framework (2013) Treadway Commission."
}
{
    "_id": "V20230658",
    "title": "",
    "text": "management responsible for consolidated financial statements internal control assessment Report Internal Control Reporting. opinion consolidated financial statements internal control audits. public accounting firm registered Accounting Oversight Board independent. federal securities laws rules Securities and Exchange Commission PCAOB."
}
{
    "_id": "V20230659",
    "title": "",
    "text": "conducted audits PCAOB. standards require plan assurance consolidated financial statements free misstatement error fraud internal control."
}
{
    "_id": "V20230661",
    "title": "",
    "text": "audits of consolidated financial statements included risks misstatement error or fraud. examining evidence amounts disclosures. accounting principles estimates management presentation. audit of internal control over financial reporting included understanding risk material weakness testing design effectiveness control risk. other procedures necessary. audits provide reasonable basis for opinions."
}
{
    "_id": "V20230664",
    "title": "",
    "text": "internal control over financial reporting assurance reliability financial reporting preparation financial statements for accounting principles. includes policies procedures maintenance records transactions dispositions assets assurance transactions recorded necessary preparation financial statements receipts expenditures with authorizations management directors assurance prevention of unauthorized acquisition use disposition assets financial statements."
}
{
    "_id": "V20230665",
    "title": "",
    "text": "limitations internal control financial reporting prevent misstatements. projections effectiveness future risk controls compliance policies deteriorate."
}
{
    "_id": "V20230667",
    "title": "",
    "text": "critical audit matter is from current period audit of consolidated financial statements communicated to audit committee relates to accounts disclosures material challenging complex judgments. communication alter our opinion on financial statements not providing separate opinion."
}
{
    "_id": "V20230668",
    "title": "",
    "text": "litigation accrual Interchange Multidistrict Litigation"
}
{
    "_id": "V20230669",
    "title": "",
    "text": "Notes 5 20 financial statements Company party legal proceedings Interchange Multidistrict Litigation recorded accrual $1,621 million September 30, 2023. statements assess probability loss estimate loss. outcome legal proceedings not control known."
}
{
    "_id": "V20230670",
    "title": "",
    "text": "identified assessment litigation class members opting Damages settlement Interchange Multidistrict Litigation Individual Merchant Actions critical audit matter. involves uncertainties unascertainable damages. challenging auditor judgment assumptions estimation outcomes. Company incur judgments settlements revise expectations estimated liability."
}
{
    "_id": "V20230672",
    "title": "",
    "text": "primary procedures audit matter. evaluated design internal controls litigation accrual process MDL – Individual Merchant Actions. evaluated monetary exposure liabilities amounts legal matters merchants opted out previous MDL settlement. compared amounts remaining opt-out merchants. sensitivity analysis recalculated ending litigation accrual. read letters external internal. considered information."
}
{
    "_id": "V20230675",
    "title": "",
    "text": "served auditor."
}
{
    "_id": "V20230679",
    "title": "",
    "text": "."
}
{
    "_id": "V20230728",
    "title": "",
    "text": "30 millions Assets Cash equivalents,286,689 Restricted cash.escrow Investment securities Settlement receivable Accounts Customer collateral incentives expenses assets,668,205 securities,136 Client incentives,348 Property equipment,223 Goodwill Intangible assets,065,737,499,501 Liabilities Accounts payable Settlement,281 Customer collateral,342 Accrued compensation benefits,359 Client incentives Accrued liabilities,726,250 liabilities,853 debt Deferred tax liabilities Commitments contingencies Equity convertible.25 shares 5 A B C 3) issued September 30 2023 2022 A B C stock capital. 2,003,341 shares A 2,001,622 1,097) 1,849 1,890 shares issued September 30 2023 2022 recover losses,116 Investment securities pension postretirement plans Derivative instruments Foreign currency adjustments income(2,369) equity liabilities equity,499,501"
}
{
    "_id": "V20230730",
    "title": "",
    "text": "notes consolidated statements."
}
{
    "_id": "V20230731",
    "title": "",
    "text": "."
}
{
    "_id": "V20230769",
    "title": "",
    "text": "Years Ended September 30 millions Net revenues,653,310,105 Operating Personnel Marketing Network processing Professional fees Depreciation amortization General administrative Litigation operating expenses,653,497,301 Operating income,813,804 Non Income Interest expense Investment income non income taxes,136,063 tax provision Net income,273,311 Earnings Per Class A common stock. B. C.53 Weighted-average Shares Class A B C Earnings Per A common. B common stock. C common stock. 51 Weighted-average Shares A common stock,136,188 B common stock C common"
}
{
    "_id": "V20230771",
    "title": "",
    "text": "notes consolidated statements."
}
{
    "_id": "V20230772",
    "title": "",
    "text": "."
}
{
    "_id": "V20230797",
    "title": "",
    "text": "Years Ended September 30 millions Net income,273,311 income Investment securities unrealized gain tax adjustments benefit pension postretirement plans unrealized gain service credit tax Derivative instruments unrealized gain (loss tax Reclassification adjustments Foreign currency translation adjustments,255 comprehensive income (loss income,325,152,393"
}
{
    "_id": "V20230799",
    "title": "",
    "text": "notes consolidated statements."
}
{
    "_id": "V20230800",
    "title": "",
    "text": "."
}
{
    "_id": "V20230816",
    "title": "",
    "text": "Stock Stock Paid Capital Balance September 30 2022 Net losses Recovery conversion rate adjustment Conversion common stock public market Share Stock equity Restricted stock performance-based shares cash Cash dividends quarterly $0. 45 common Repurchase common Balance September 30 2023,452"
}
{
    "_id": "V20230817",
    "title": "",
    "text": "September 2023 2022 value A $456 million $1. billion. Note. Plans B C."
}
{
    "_id": "V20230818",
    "title": "",
    "text": "less million shares."
}
{
    "_id": "V20230820",
    "title": "",
    "text": "notes consolidated statements."
}
{
    "_id": "V20230821",
    "title": "",
    "text": "."
}
{
    "_id": "V20230838",
    "title": "",
    "text": "Stock Stock Paid millions Balance September 30 2021,855 Net income losses Recovery conversion rate adjustment series A preferred stock Conversion class A common stock public Share Stock equity Restricted stock performance-based shares cash Cash dividends quarterly $0. 375 common stock Repurchase common Balance September 30 2022"
}
{
    "_id": "V20230839",
    "title": "",
    "text": "September 2022 2021 value A $1. billion $486 million. Note. Plans B C."
}
{
    "_id": "V20230840",
    "title": "",
    "text": "less million shares."
}
{
    "_id": "V20230842",
    "title": "",
    "text": "notes consolidated statements."
}
{
    "_id": "V20230843",
    "title": "",
    "text": "."
}
{
    "_id": "V20230860",
    "title": "",
    "text": "Stock Paid millions Balance September 30 2020,086 Net new accounting losses Recovery conversion rate adjustment Conversion A common stock public market Share-based compensation equity plans Restricted stock performance shares cash Cash dividends quarterly $0. 32 common Repurchase common stock Balance September 30 2021,855"
}
{
    "_id": "V20230861",
    "title": "",
    "text": "less million shares."
}
{
    "_id": "V20230863",
    "title": "",
    "text": "notes consolidated statements."
}
{
    "_id": "V20230864",
    "title": "",
    "text": "."
}
{
    "_id": "V20230915",
    "title": "",
    "text": "Years Ended September 30 millions Operating Net income,273,311 Adjustments income cash Client incentives,297,295,367 Share compensation Depreciation amortization Deferred income taxes losses losses equity investments operating assets liabilities Settlement receivable Accounts Client incentives,351 assets Accounts Settlement Accrued liabilities Net cash,755,849,227 Purchases property equipment technology Investment securities Purchases,363 Proceeds maturities sales Acquisitions Purchases investments(71) Settlement derivative instruments investing activities Net cash(2,006),288) Repurchase class A common stock,101)(8,676) Repayments debt,250))(3,000) Dividends,751),203),798) senior notes,218 class A common stock Restricted stock performance shares cash taxes financing activities Net cash(17,772),696) exchange rate changes cash(1,287)(37) Increase cash,377,799,171 end,990,377,799 Supplemental Cash income taxes,741 Interest payments debt Accruals purchases property equipment technology"
}
{
    "_id": "V20230917",
    "title": "",
    "text": "notes consolidated statements."
}
{
    "_id": "V20230918",
    "title": "",
    "text": "."
}
{
    "_id": "V20230922",
    "title": "",
    "text": ". Visa Inc. global payments technology commerce money movement 200 countries. operates electronic payments VisaNet transaction processing services settlement. offers products solutions secure efficient money movement. not financial institution issue cards extend credit rates fees. relationships clients."
}
{
    "_id": "V20230923",
    "title": "",
    "text": "Consolidation. financial statements include Visa entities accounting principles. Company consolidates majority-owned entities variable interest entities primary beneficiary. investments VIEs not material statements. Intercompany balances transactions eliminated."
}
{
    "_id": "V20230924",
    "title": "",
    "text": "sanctions Visa clients. Company suspended operations deconsolidated subsidiary."
}
{
    "_id": "V20230925",
    "title": "",
    "text": "activities interrelated. decisions based Visa global business. reportable segment Payment Services."
}
{
    "_id": "V20230926",
    "title": "",
    "text": "estimates. consolidated financial statements. S. GAAP requires estimates assumptions future events. affect assets liabilities revenues expenses reporting period. estimates change events additional information recognized. Future results differ estimates. use estimates accounting policies."
}
{
    "_id": "V20230927",
    "title": "",
    "text": "Cash equivalents restricted. liquid investments maturities 90 days less purchase. recorded cost value short maturities. defines restricted cash equivalents. Note 4—Cash Equivalents Restricted Equivalents."
}
{
    "_id": "V20230928",
    "title": "",
    "text": "cash. litigation escrow. Company escrow account liabilities. litigation paid Note. S Europe Responsibility Plans Note Matters. escrow funds investments restricted cash equivalents balance. Interest recognized investment income statements."
}
{
    "_id": "V20230929",
    "title": "",
    "text": ". Company measures financial assets liabilities. non-financial assets goodwill intangible property measurements impaired. Fair value price transfer liability. three-level valuation hierarchy. Note 6—Fair Value Measurements Investments."
}
{
    "_id": "V20230931",
    "title": "",
    "text": "Marketable equity securities. publicly traded companies mutual fund investments employee compensation benefit plans. Interest dividend income gains losses recognized statements."
}
{
    "_id": "V20230932",
    "title": "",
    "text": "."
}
{
    "_id": "V20230935",
    "title": "",
    "text": "mutual fund investments employees. investments trust not operational liquidity needs. liability reported accrued liabilities balance sheets changes personnel expense."
}
{
    "_id": "V20230936",
    "title": "",
    "text": "-for-sale debt securities. Company’s investments include U. government-sponsored. Treasury. recorded at cost purchase carried at fair value. working capital liquidity needs. Investments maturities less than one year within one year current assets other non-current. Unrealized gains losses reported in income. method gain loss sale securities recorded in income statements. Interest income recognized earned included."
}
{
    "_id": "V20230937",
    "title": "",
    "text": "Company evaluates debt securities for impairment. decline value below amortized cost recognizes impairment in investment income statements before recovery amortized cost. decline from credit losses loss recognized allowance on balance sheets investment income. non-credit loss remains in income until sale or impairment."
}
{
    "_id": "V20230938",
    "title": "",
    "text": "Non-marketable equity securities. reported include investments privately entities without values. gains losses recognized in income statements."
}
{
    "_id": "V20230939",
    "title": "",
    "text": "Company applies equity accounting control influence entity. share profit loss recognized investment income consolidated statements."
}
{
    "_id": "V20230940",
    "title": "",
    "text": "Company applies fair value equity securities entities influence. adjusts carrying value fair value transactions investments issuer."
}
{
    "_id": "V20230941",
    "title": "",
    "text": "Company reviews investments equity fair value analysis facts changes investment cash flows capital needs viability business model."
}
{
    "_id": "V20230942",
    "title": "",
    "text": ". cash investment securities settlement accounts collateral equity securities instruments. Note Value Measurements Investments."
}
{
    "_id": "V20230944",
    "title": "",
    "text": "receivable payable. Company operates authorizing transactions. dollar settlements settled receivable payable balance. Settlements currencies. outstanding days due. presented receivable payable consolidated balance sheets."
}
{
    "_id": "V20230945",
    "title": "",
    "text": "."
}
{
    "_id": "V20230948",
    "title": "",
    "text": "collateral. Company holds cash deposits non-cash assets from clients settlement obligations Visa. cash collateral assets offset by liabilities balances on consolidated balance sheets. Pledged securities custodian. sell default. Letters of credit financial institutions guarantees. Guarantees client’s parent. Company evaluates financial viability. Note 12—Settlement Guarantee Management."
}
{
    "_id": "V20230949",
    "title": "",
    "text": "Guarantees indemnifications. Company recognizes obligation guarantees indemnifications probability. indemnifies clients losses failure Visa rules. estimates credit losses recognizes allowance indemnification obligations. estimated liabilities balance sheets."
}
{
    "_id": "V20230950",
    "title": "",
    "text": "Property equipment technology. historical cost less depreciation amortization computed life. Depreciation 2 to 10 years. Leasehold improvements amortized. improvements 3 40 years over 40 years. functionality depreciated. Land construction-in-progress not depreciated."
}
{
    "_id": "V20230951",
    "title": "",
    "text": "Technology includes purchased developed software acquisitions. software VisaNet. Internal external costs preliminary expensed. costs application development capitalized. project amortized useful life. Acquired assets recorded value amortized life."
}
{
    "_id": "V20230952",
    "title": "",
    "text": "Company evaluates recoverability long-lived assets impairment. future cash flows less than carrying amount impairment loss recognized exceeds fair value. Note 7—Property Equipment Technology Net."
}
{
    "_id": "V20230953",
    "title": "",
    "text": ". Company determines inception. Right-of-use assets lease liabilities recognized commencement date remaining lease payments. considers payments fixed commencement. leases uses incremental borrowing rate commencement value. ROU asset includes lease payments net lease incentives. terms include options extend terminate. record ROU asset liability for leases 12 months or less."
}
{
    "_id": "V20230955",
    "title": "",
    "text": "Lease agreements contain non-lease components. maintenance utilities. Company combine lease payments non-lease. Operating leases as ROU assets included. current lease liabilities accrued long-term. lease cost expense adjusted for impairment sublease income."
}
{
    "_id": "V20230956",
    "title": "",
    "text": "."
}
{
    "_id": "V20230959",
    "title": "",
    "text": ". Company accounts acquisition assets acquired liabilities assumed noncontrolling interest recorded acquisition. excess purchase price over recorded goodwill. Acquisition costs expensed."
}
{
    "_id": "V20230960",
    "title": "",
    "text": "Intangible assets goodwill. Company records evaluates life."
}
{
    "_id": "V20230961",
    "title": "",
    "text": "Finite-lived intangible assets customer relationships trade names acquisitions. amortized tested for recoverability. lives 3 to 15 years."
}
{
    "_id": "V20230962",
    "title": "",
    "text": "Indefinite-lived assets trade name customer relationships reacquired rights. not amortized evaluated impairment annually. Company assesses qualitative factors quantitative impairment test. allocation cash estimate fair value. Impairment exists if fair value less than carrying value."
}
{
    "_id": "V20230963",
    "title": "",
    "text": "Goodwill excess purchase price net assets business. not amortized evaluated impairment unit annually impairment."
}
{
    "_id": "V20230964",
    "title": "",
    "text": "Company review assets February 1 2023 no impairment. impairment September 30, 2023. Note Assets Goodwill."
}
{
    "_id": "V20230965",
    "title": "",
    "text": "litigation. Company evaluates unfavorable outcome records loss contingency liability loss estimated. judgments subjective based factors specifics defenses consultation legal counsel. outcomes differ estimates. expenses legal costs consolidated statements operations. Note 20—Legal Matters."
}
{
    "_id": "V20230967",
    "title": "",
    "text": "Revenue recognition. Company’s net revenues service data processing international transaction other reduced by client incentives. network provider obligation provide access to Visa’s payments network payment transactions deliver products services. delivers services to issuers acquirers merchants consumers. considers all customers. earns net revenues from issuers acquirers. Consideration variable transactions payments volume. transaction price net of discounts. recognizes revenue sales taxes. elected optional exemption not disclose remaining performance obligations. recognizes revenues from value added services issuing acceptance risk identity open banking advisory services."
}
{
    "_id": "V20230968",
    "title": "",
    "text": "."
}
{
    "_id": "V20230971",
    "title": "",
    "text": "Service revenues Visa services. include fees payments. Visa’s access payments network Visa-branded payments programs. Current revenues assessed pricing prior payments volume."
}
{
    "_id": "V20230972",
    "title": "",
    "text": "Data processing revenues authorization clearing settlement services issuing risk identity network access maintenance transaction processing clients. recognized transactions services."
}
{
    "_id": "V20230973",
    "title": "",
    "text": "International revenues cross-border processing currency conversion. country issuer different beneficiary. revenues recognized period transactions services performed."
}
{
    "_id": "V20230974",
    "title": "",
    "text": "revenues services marketing card benefits license fees Visa account certification licensing. recognized transactions services performed."
}
{
    "_id": "V20230975",
    "title": "",
    "text": "Client incentives. Company contracts with merchants partners programs cash incentives revenue payments volume Visa acceptance transactions innovation. Incentives reductions revenues unless cash operating expense. Company capitalizes incentive payments assets amortizes revenues term. Incentives earned recorded disclosed as liabilities reductions revenues future performance. reviewed estimates adjusted performance expectations performance amendments new contracts. assets liabilities classified balance sheets current long-term 12-month operating cycle."
}
{
    "_id": "V20230976",
    "title": "",
    "text": ". Company expenses advertising. media advertising expensed. Sponsorship costs recognized. Promotional costs expensed incurred services event."
}
{
    "_id": "V20230977",
    "title": "",
    "text": "Income taxes. Company’s tax expense current deferred. Current represents taxes current period. Deferred tax assets liabilities future tax consequences differences financial statement tax basis assets liabilities operating loss credit carryforwards. assets measured using tax rates income differences. management considers. valuation allowance recorded for portions historical taxable income future income tax planning strategies."
}
{
    "_id": "V20230979",
    "title": "",
    "text": "tax law Company recognizes measures discloses tax uncertainties. accounts interest expense penalties consolidated statements. files consolidated federal combined state tax returns. foreign tax credits. Note Taxes."
}
{
    "_id": "V20230980",
    "title": "",
    "text": "."
}
{
    "_id": "V20230983",
    "title": "",
    "text": "Foreign currency remeasurement translation. currency. dollar foreign operations except Visa Europe Euro. Transactions converted rate. monetary assets liabilities remeasured currency. Non-monetary assets remeasured historical exchange rates. foreign currency gains losses recorded expense not material 2023 2022 2021."
}
{
    "_id": "V20230984",
    "title": "",
    "text": "non-U. currency translation. dollar balance sheet accounts exchange rates revenue expense average exchange rate. translation adjustments income consolidated balance sheets."
}
{
    "_id": "V20230985",
    "title": "",
    "text": "hedging instruments. Company uses foreign exchange contracts exposure currency rate changes-functional cash flows. terms hedges 12 months. regression analysis hedge effectiveness. tests contracts spot rate instrument hedged transaction."
}
{
    "_id": "V20230986",
    "title": "",
    "text": "Derivatives carried fair value consolidated balance sheets. Gains losses changes cash flow hedges recorded income. forecasted transaction recognized reclassified statements. Forward points excluded reported earnings. hedges subject master netting agreements settle payable receivable positions single currency payment. presents fair values gross consolidated balance sheets."
}
{
    "_id": "V20230987",
    "title": "",
    "text": "Company holds foreign contracts instruments net investment hedges against investment Visa Europe. holds interest rate cross-currency swap agreements senior notes interest rate exposure cost borrowing. interest rate swaps fair value hedges cross-currency swaps net investment hedges. Gains losses recognized in interest expense. losses recorded in income. Amounts excluded recognized in earnings."
}
{
    "_id": "V20230988",
    "title": "",
    "text": "Company utilizes foreign exchange contracts exchange rate fluctuations assets liabilities. Gains losses value instruments recorded expense statements operations."
}
{
    "_id": "V20230989",
    "title": "",
    "text": "Cash flows hedge operating. fair value hedge operating investing financing. net investment hedge investing. Note 13—Derivative Hedging Instruments."
}
{
    "_id": "V20230991",
    "title": "",
    "text": "Share compensation. measures grant date net forfeitures value. recognizes service conditions straight-line period vesting. performance-based awards graded-vesting."
}
{
    "_id": "V20230992",
    "title": "",
    "text": "."
}
{
    "_id": "V20230995",
    "title": "",
    "text": "estimated target performance adjusted estimate. Note-based Compensation."
}
{
    "_id": "V20230996",
    "title": "",
    "text": "share. Company calculates two-class method rights common."
}
{
    "_id": "V20230997",
    "title": "",
    "text": "earnings per share net income weighted-average common stock securities. securities include series A B C preferred stock units rights dividends. income allocated proportional ownership. weighted reflects changes ownership. Note 15—Stockholders’ Equity."
}
{
    "_id": "V20230998",
    "title": "",
    "text": "Diluted earnings per share net income weighted-average common stock securities potential A shares. Dilutive equivalents shares conversion series A B C incremental shares treasury stock method employee stock options purchase Employee Stock Purchase Plan vesting unearned performance shares. Note 16—Earnings Per Share."
}
{
    "_id": "V20230999",
    "title": "",
    "text": "Adopted Accounting. March 2020 issued Accounting Standards Update 2020-04 optional expedients exceptions. GAAP contracts hedging London. issued amendments. effective December 31, 2024. 2023 Company adopted optional expedients contract modifications hedge accounting. financial statements."
}
{
    "_id": "V20231002",
    "title": "",
    "text": "June 2023 Visa Pismo Holdings Latin America Asia Europe $1. billion. closing regulatory reviews approvals."
}
{
    "_id": "V20231004",
    "title": "",
    "text": ". December 2021 Visa acquired Currency Cloud Group foreign exchange $893 million interest. allocated $150 million technology customer relationships assets deferred tax liabilities $743 million goodwill."
}
{
    "_id": "V20231006",
    "title": "",
    "text": ". March 2022 Visa acquired 100% Tink $1. 9 billion. open banking platform products move money. acquisition open banking innovation."
}
{
    "_id": "V20231007",
    "title": "",
    "text": "."
}
{
    "_id": "V20231018",
    "title": "",
    "text": "table purchase price Tink Price Life millions Technology Customer relationships Deferred tax liabilities assets Goodwill Total"
}
{
    "_id": "V20231019",
    "title": "",
    "text": "Goodwill synergies acquisition workforce. not deductible tax."
}
{
    "_id": "V20231036",
    "title": "",
    "text": "revenues cash flows revenue categories markets. tables disaggregate revenues geography Years Ended September 30 Service,361 Data processing,007,438 International,638 Other revenues,479 Client incentives Net revenues,653,310 Years Ended September 30.,138,851,160 International,459,945 Net revenues,653,310,105"
}
{
    "_id": "V20231038",
    "title": "",
    "text": "obligations deferred contract invoiced recognized value added services. September 30, 2023 obligations $2. 9 billion. expects half recognized next two years remaining thereafter. revenue recognition contract modifications terminations."
}
{
    "_id": "V20231039",
    "title": "",
    "text": "."
}
{
    "_id": "V20231052",
    "title": "",
    "text": "Company reconciles cash equivalents consolidated balance sheets 30 millions Cash equivalents,286,689 Restricted equivalents. litigation escrow Customer collateral,342 Prepaid expenses assets Cash equivalents equivalents,990,377"
}
{
    "_id": "V20231053",
    "title": "",
    "text": "Prepaid expenses assets include restricted cash equivalents funds Company bank accounts activities. offset by consolidated balance sheets."
}
{
    "_id": "V20231056",
    "title": "",
    "text": "Company established mechanisms liability. retrospective responsibility plan. litigation escrow agreement conversion shares B common stock indemnification obligations Visa. members interchange judgment loss sharing omnibus agreement."
}
{
    "_id": "V20231060",
    "title": "",
    "text": "U. S. litigation matters settled resolved Interchange Multidistrict Litigation. Payment Card Interchange Fee Merchant Discount Antitrust Litigation, 1:05-md-01720-JG-JO. MDL 1720 cases case claims damages prior Company’s initial public offering (IPO) transferred MDL 1720 claim reorganization transferred MDL 1720 case after October 22, 2015 merchant opted out of Rule 23(b)(3) settlement class MDL 1720 facts similar MDL 1720 not transferred MDL 1720. See Note 20—Legal Matters."
}
{
    "_id": "V20231062",
    "title": "",
    "text": ". litigation escrow agreement. Company maintains escrow account settlements. paid. amount escrow determined by board directors committee affiliated. members. litigation higher lower escrow account balance. Note 20—Legal Matters."
}
{
    "_id": "V20231063",
    "title": "",
    "text": "."
}
{
    "_id": "V20231073",
    "title": "",
    "text": "table cash. litigation escrow account Years Ended September 30 millions Balance Deposits. escrow account Payments opt-out interest escrow funds Balance end period"
}
{
    "_id": "V20231074",
    "title": "",
    "text": "payments interchange. Note Matters."
}
{
    "_id": "V20231075",
    "title": "",
    "text": "Conversion feature. Company funds U. S. litigation escrow account B common stock dilution A. effect earnings repurchasing reduces conversion rate-converted A share count deposit. Note 15—Stockholders’ Equity."
}
{
    "_id": "V20231076",
    "title": "",
    "text": "Indemnification obligations. amounts U. litigation escrow arrangement agreements. litigation Company enforce indemnification obligations Visa. members excess amounts. certificate incorporation membership agreements."
}
{
    "_id": "V20231077",
    "title": "",
    "text": "judgment agreement. Visa U. Visa International Service Association Visa. members defendants multidistrict Note 20—Legal Matters. Visa. members pay membership final judgment not Mastercard."
}
{
    "_id": "V20231078",
    "title": "",
    "text": "Loss sharing agreement. Visa with. Visa International. members. agreement indemnification Visa. International Visa final judgment paid Visa. Visa International. escrow arrangement class B common stock interchange judgment sharing agreement amounts reimbursable signatories damages settlement. approved Visa. certificate vote. voting members. obligation bank party loss sharing agreement final judgment against Visa. Visa International signatory approved settlement. litigation multiplied by bank’s membership proportion calculated Visa. certificate incorporation."
}
{
    "_id": "V20231079",
    "title": "",
    "text": "October 22, 2015, Visa amendment loss sharing agreement. includes. action opt-out Rule 23(b)(3) Settlement Class MDL 1720 similar not transferred. Visa amendments interchange judgment omnibus agreement action."
}
{
    "_id": "V20231081",
    "title": "",
    "text": "agreement. Visa Mastercard Visa U. members intentions loss sharing interchange judgment sharing multidistrict Note 20—Legal Matters. monetary settlement divided Mastercard 33. 3333% Visa 66. 6667%. monetary judgment Visa"
}
{
    "_id": "V20231082",
    "title": "",
    "text": "."
}
{
    "_id": "V20231085",
    "title": "",
    "text": "claims omnibus agreement treated Visa. no liability monetary Mastercard if not monetary liability divided into Mastercard 33. 3333% Visa 66. 6667%. Visa portion settlement allocated Company’s U. S. retrospective responsibility plan. consolidated statements operations not impacted."
}
{
    "_id": "V20231086",
    "title": "",
    "text": "August 26, 2014, Visa omnibus agreement. amendment settlements opt-out interchange multidistrict litigation settlement-sharing provisions monetary portion divided Mastercard 33. 3333% Visa 66. 6667%. termination settlement Visa Mastercard arrangements Visa two-thirds Mastercard one-third sums paid defendants termination takedown payments."
}
{
    "_id": "V20231088",
    "title": "",
    "text": "UK loss sharing agreement. Company loss with Visa Europe financial institutions United Kingdom members. agreed compensate Company losses incurred domestic multilateral interchange fee rates United Kingdom Visa Europe acquisition terms conditions maximum up-front cash consideration. obligations conditional losses sterling equivalent June 21, 2016 €1. 0 billion UK claims conversion rate series B preferred stock conversion rate reduced to zero losses multilateral interchange fee rate setting Visa Europe territory."
}
{
    "_id": "V20231089",
    "title": "",
    "text": "Litigation management deed. Company deed with Visa Europe procedures management VE territory litigation allocation of losses between series B C preferred stock accelerated conversion. applies to VE territory litigation losses liabilities. Company conduct VE territory litigation obligations report consult litigation management committee. Visa Europe granted consent rights to approve decisions."
}
{
    "_id": "V20231090",
    "title": "",
    "text": "Company obtained protections VE losses series B C stock UK loss sharing agreement litigation management deed Europe retrospective responsibility plan. plan covers VE litigation Closing. protection 70% liabilities inter interchange fee rates issuer outside merchant within. protect remedies fines competition interchange litigation."
}
{
    "_id": "V20231092",
    "title": "",
    "text": "U. S. Europe escrow account settlements. Company VE territory losses A stock conversion rates series B C stock. protection preferred stock"
}
{
    "_id": "V20231093",
    "title": "",
    "text": "."
}
{
    "_id": "V20231096",
    "title": "",
    "text": "Europe responsibility plan equivalent-converted value preferred stock calculated outstanding shares current conversion rate Visa’s class A common stock price. differs stock balance sheets. book value reflects historical value less losses conversion rate. reflect changes class A common stock price."
}
{
    "_id": "V20231097",
    "title": "",
    "text": "Visa. income impacted by losses value preferred stock greater than loss. losses recorded probable estimable attorney’s fees. Company records reduction stockholders’ equity recover losses conversion. recorded contra-equity losses."
}
{
    "_id": "V20231098",
    "title": "",
    "text": "VE territory losses recorded before adjustment conversion rate. Adjustments six-month unless loss €20 million six-month limitation. adjustment recorded recorded against book value preferred stock equity."
}
{
    "_id": "V20231099",
    "title": "",
    "text": "litigation June 21, 2022 sixth anniversary Visa Europe acquisition Territory Litigation Committee release assessment. released $3. 5 billion B C issued 176,655 shares July 29, 2022 Anniversary. holder adjustment 100. paid $3 million cash. Note Equity."
}
{
    "_id": "V20231115",
    "title": "",
    "text": "table VE territory losses stock recover equity Stock Balance September 30 2022 losses Recovery conversion Balance September 30 2023 Stock millions September 30 2021 VE losses Recovery conversion rate adjustment Sixth Anniversary Release Balance September 30 2022"
}
{
    "_id": "V20231116",
    "title": "",
    "text": "settlements costs. Note Matters."
}
{
    "_id": "V20231118",
    "title": "",
    "text": "recover losses differs recovered due differences exchange rates losses incurred recovery."
}
{
    "_id": "V20231119",
    "title": "",
    "text": "."
}
{
    "_id": "V20231131",
    "title": "",
    "text": "table presents-converted value preferred stock VE territory losses compared book value stockholders’ equity balance sheets 30-converted Value Stock(1) Value millions Series B stock,309 Series C Total Less right recover covered losses Total recovery losses,171,102,318"
}
{
    "_id": "V20231132",
    "title": "",
    "text": "table recalculate rounding. values unrounded numbers."
}
{
    "_id": "V20231133",
    "title": "",
    "text": "September 30, 2023 stock 2 million 3 million shares B C 2. 937 3. 629 A stock conversion rate $230. Visa’s closing price."
}
{
    "_id": "V20231135",
    "title": "",
    "text": "September 30, 2022 stock 2 million 3 million shares B C 2. 971 3. 645 stock conversion rate $177. 65 Visa’s closing price."
}
{
    "_id": "V20231136",
    "title": "",
    "text": "."
}
{
    "_id": "V20231162",
    "title": "",
    "text": "Assets Liabilities Measured Recurring Measurements September 30 millions Cash Money market funds. Treasury securities Investment securities equity securities. government-sponsored debt securities. Treasury securities assets Money market funds Derivative instruments Liabilities Accrued compensation benefits Deferred compensation liability Accrued liabilities Derivative instruments"
}
{
    "_id": "V20231163",
    "title": "",
    "text": "assets liabilities. funds. Treasury securities equity securities fair value unadjusted prices. deferred compensation liability value equity securities."
}
{
    "_id": "V20231164",
    "title": "",
    "text": "Level 2 assets liabilities. value. government-sponsored debt securities based quoted prices assets. Derivative instruments valued inputs observable."
}
{
    "_id": "V20231174",
    "title": "",
    "text": "amortized cost unrealized gains losses value debt securities 30 2023 millions. debt securities,109. Treasury securities"
}
{
    "_id": "V20231175",
    "title": "",
    "text": "."
}
{
    "_id": "V20231184",
    "title": "",
    "text": "30 2022 Unrealized millions. government debt securities. Treasury securities Total,395"
}
{
    "_id": "V20231199",
    "title": "",
    "text": "Debt securities unrealized losses less 12 30 2023 12 Greater Unrealized millions. government-sponsored debt securities. Treasury securities,178 30 2022 Than 12 Months Unrealized Losses millions. government-sponsored debt securities. Treasury securities"
}
{
    "_id": "V20231200",
    "title": "",
    "text": "unrealized losses interest."
}
{
    "_id": "V20231206",
    "title": "",
    "text": "maturities debt 30 2023 millions year,804 five years Total"
}
{
    "_id": "V20231209",
    "title": "",
    "text": "non-marketable equity securities include without fair values. measured non classified Level 3 quoted market prices lack liquidity inputs judgment."
}
{
    "_id": "V20231210",
    "title": "",
    "text": "."
}
{
    "_id": "V20231220",
    "title": "",
    "text": "table summarizes non-marketable equity securities September 30 2023 gains losses millions cost Adjustments Upward Downward impairment amount,173"
}
{
    "_id": "V20231226",
    "title": "",
    "text": "gains losses 2023 2022 non-marketable equity securities fair value held September 30 2022 Years September millions Upward adjustments Downward adjustments impairment"
}
{
    "_id": "V20231236",
    "title": "",
    "text": "Investment income Years Ended September 30 millions Interest dividend cash investments Equity securities Unrealized gains Realized Investment income"
}
{
    "_id": "V20231238",
    "title": "",
    "text": ". instruments measured amortized cost balance sheets. fair value based quoted prices assets. Level 2. September 30, 2023 $20. 5 billion $17. 7 billion. September 30 2022 $22. 5 billion $19. 9 billion."
}
{
    "_id": "V20231240",
    "title": "",
    "text": "financial instruments measured. September 30, 2023 settlement receivable payable customer collateral fair short maturities. Level 2."
}
{
    "_id": "V20231241",
    "title": "",
    "text": "."
}
{
    "_id": "V20231256",
    "title": "",
    "text": "Property equipment technology 30 millions Land Buildings improvements Furniture equipment improvements,230 Construction Technology,291 property,881 Accumulated depreciation amortization,355,223"
}
{
    "_id": "V20231257",
    "title": "",
    "text": "September 30 2023 2022. 7 billion."
}
{
    "_id": "V20231262",
    "title": "",
    "text": "September 30 2023 future amortization expense technology Years Ending September 30 millions future amortization expense"
}
{
    "_id": "V20231264",
    "title": "",
    "text": "2023 2021 property $867 $771 $721 million."
}
{
    "_id": "V20231265",
    "title": "",
    "text": "."
}
{
    "_id": "V20231284",
    "title": "",
    "text": "Indefinite finite-lived intangible assets 30 Amortization millions Finite-lived intangible assets Customer relationships Trade names Reseller relationships Total finite-lived intangible assets,135(855 Indefinite-lived intangible assets Customer relationships reacquired rights,740 Visa trade name,084 indefinite-lived intangible assets(855,104,848,065"
}
{
    "_id": "V20231285",
    "title": "",
    "text": "2023 finite-lived $76 $90 $83 million."
}
{
    "_id": "V20231290",
    "title": "",
    "text": "September 30 2023 future amortization expense finite-lived assets Years Ending September 30 millions amortization expense"
}
{
    "_id": "V20231298",
    "title": "",
    "text": "changes goodwill Years Ended September 30 millions Balance,787 acquisitions adjustments Foreign currency translation end period,997,787"
}
{
    "_id": "V20231300",
    "title": "",
    "text": "Company entered lease agreements real estate. leases 2024 2035. extend lease five years. Payments fixed."
}
{
    "_id": "V20231302",
    "title": "",
    "text": "September 30 2023 2022 ROU assets $488 million $480 million. lease"
}
{
    "_id": "V20231303",
    "title": "",
    "text": "."
}
{
    "_id": "V20231306",
    "title": "",
    "text": "consolidated sheets $106 $98 million long-term $412 $422 million."
}
{
    "_id": "V20231307",
    "title": "",
    "text": "2023 2022 2021 lease cost $129 $117 $111 million. 30 six years discount 2. 43%. 15%."
}
{
    "_id": "V20231320",
    "title": "",
    "text": "September 30 2023 lease payments Leases millions 2024 2025 2028 lease payments interest lease liabilities"
}
{
    "_id": "V20231321",
    "title": "",
    "text": "ROU lease liabilities $82 $74 $96 million."
}
{
    "_id": "V20231323",
    "title": "",
    "text": "September 30 2023 leases $433 million. 2024 non-cancellable 1 14 years."
}
{
    "_id": "V20231324",
    "title": "",
    "text": "."
}
{
    "_id": "V20231356",
    "title": "",
    "text": "Company debt 30. dollar notes. 80% December 2022. 15% December 2025. 90% April 2027. 75% August 2027. September 2027. 05% April 2030. 10% February 2031. 15% December 2035. 70% April 2040. 30% December 2045. 65% September 2047. August 2050 Euro. 50% June 2026. June 2029. 375% June 2034,945 Unamortized discounts issuance costs accounting debt,463,450 Current maturities Long-term debt"
}
{
    "_id": "V20231357",
    "title": "",
    "text": "interest rates hedge."
}
{
    "_id": "V20231358",
    "title": "",
    "text": "interest rate swap agreements. Note Accounting Policies Hedging Instruments."
}
{
    "_id": "V20231360",
    "title": "",
    "text": "Company’s senior notes are unsecured obligations ranking equally debt. not secured by assets not guaranteed by subsidiaries. September 30, 2023 compliance with covenants. senior notes redeemed prices. Euro notes redeemed U. S. tax events."
}
{
    "_id": "V20231362",
    "title": "",
    "text": "2023 Company repaid. billion notes December."
}
{
    "_id": "V20231363",
    "title": "",
    "text": "."
}
{
    "_id": "V20231370",
    "title": "",
    "text": "September 30 2023 future payments debt Years Ending September 30 millions Future principal payments,434,750,752,936"
}
{
    "_id": "V20231372",
    "title": "",
    "text": "Visa commercial paper program working capital. $3. billion notes maturities 397 days. September 30 2023 2022 no obligations."
}
{
    "_id": "V20231374",
    "title": "",
    "text": "May 2023 Company entered agreement five-year unsecured $7. billion facility May 2028. Interest charged reference rate currency type margin credit rating debt. commitment fee rating. September 30, 2023 compliance covenants. credit facility maintained payment card settlement corporate purposes. September 30 2023 2022 no outstanding."
}
{
    "_id": "V20231377",
    "title": "",
    "text": "Company sponsors non-qualified pension plans retirement medical benefits employees U. S. internationally employees non-U. S. locations. actuarially evaluated discount rate return. Disclosures include U. S. non-U. S plans. September 30 measurement date."
}
{
    "_id": "V20231378",
    "title": "",
    "text": ". pension plans closed entrants. participants credits. Visa Europe plans closed entrants. future benefits participants."
}
{
    "_id": "V20231379",
    "title": "",
    "text": "funded status recorded obligation. September 30 2023 2022. $1. billion $960 million $640 million $663 million funded $374 million $297 million. 2023 2022 non. $317 million $327 million obligation $287 million $278 million funded status $30 million $49 million."
}
{
    "_id": "V20231380",
    "title": "",
    "text": "September 30, 2023 2022 tax. pension plans ($82) million$150) million. non-U. plans ($87) million ($35) million."
}
{
    "_id": "V20231383",
    "title": "",
    "text": "Company sponsors employees. 2023 2021 expenses $192 $161 $141 million"
}
{
    "_id": "V20231384",
    "title": "",
    "text": "."
}
{
    "_id": "V20231387",
    "title": "",
    "text": "attributable employees 401(k) plan. contributions funded related expenses recognized payroll expenses."
}
{
    "_id": "V20231389",
    "title": "",
    "text": "Company indemnifies clients settlement losses fund Visa rules. creates settlement risk difference timing payment transaction settlement."
}
{
    "_id": "V20231390",
    "title": "",
    "text": "Company experienced minimal losses settlement risk guarantee. future obligations future events."
}
{
    "_id": "V20231391",
    "title": "",
    "text": "settlement unsettled Visa transactions. maximum daily $126. 9 billion average $77. 1 billion."
}
{
    "_id": "V20231400",
    "title": "",
    "text": "Company settlement risk policies collateral credit standards. held collateral 30 millions Restricted cash,342 Pledged securities Letters credit Guarantees Total,201,087"
}
{
    "_id": "V20231403",
    "title": "",
    "text": "September 30 2023 2022 contracts $11. 0 billion $11. 9 billion. $0. 8 billion $1. 5 billion."
}
{
    "_id": "V20231404",
    "title": "",
    "text": "."
}
{
    "_id": "V20231422",
    "title": "",
    "text": "table shows derivative instruments gross value 30 Sheet Location millions Hedging Instrument Foreign exchange contracts expenses assets#718 Cross-currency swaps#178#378 contracts expenses assets#15 contracts liabilities Interest rate swaps liabilities#314#322 contracts liabilities#47"
}
{
    "_id": "V20231423",
    "title": "",
    "text": "fiscal 2022 revised 2023."
}
{
    "_id": "V20231424",
    "title": "",
    "text": "2023 2022 2021 earnings excluded points hedges differentials$25) $151 $156 million."
}
{
    "_id": "V20231425",
    "title": "",
    "text": "Cash flow hedges. 2023 2022 recognized pre gains hedges$126 million $190 million. 2021."
}
{
    "_id": "V20231426",
    "title": "",
    "text": "estimates $46 million pre-tax gains cash hedges September 30 2023 12 months."
}
{
    "_id": "V20231427",
    "title": "",
    "text": ". 2023 2022 2021 recognized pre gains$445) $845 million $20 million. 2023 2022 designated €3. billion €1. 2 billion Euro notes Visa Europe."
}
{
    "_id": "V20231429",
    "title": "",
    "text": "Credit market risks. derivative instruments market risk. monitors credit-worthiness counterparty nonperformance. mitigates risk master netting agreements collateral liability. September 2023 received collateral $91 million accrued liabilities posted collateral $47 million prepaid expenses current assets. risk no hedging activities risks foreign currency fluctuations. September 30 2023 credit market risks significant."
}
{
    "_id": "V20231430",
    "title": "",
    "text": "."
}
{
    "_id": "V20231440",
    "title": "",
    "text": "long-lived property equipment assets classified areas 30 millions U. S.,312 International Total"
}
{
    "_id": "V20231441",
    "title": "",
    "text": "geographic issuing financial institution. revenues. 43% 44% 46% revenues 2023 2022 2021. No. generated 10% revenues."
}
{
    "_id": "V20231442",
    "title": "",
    "text": "2023 2022 2021 Company client 11% revenues."
}
{
    "_id": "V20231455",
    "title": "",
    "text": "-converted class A common stock. shares each series class 30 Rate Class A Common Stock-converted millions except conversion rate Series A preferred stock. Series B stock. Series C preferred stock. 6450 Class A common stock Class B common stock. 5875. 6059 Class C common stock. Total,103"
}
{
    "_id": "V20231456",
    "title": "",
    "text": "table recalculate rounding. common stock unrounded."
}
{
    "_id": "V20231457",
    "title": "",
    "text": "less one million."
}
{
    "_id": "V20231458",
    "title": "",
    "text": "class B A conversion rate rounded. dividend rate tenth decimal."
}
{
    "_id": "V20231459",
    "title": "",
    "text": ". July 2022 issued 176,655 shares Sixth Anniversary Release. Europe Plans."
}
{
    "_id": "V20231461",
    "title": "",
    "text": "Reduction shares. U. S. responsibility plan Company funds. escrow account B common stock dilution. Note 5—U. S. Europe Responsibility Plans."
}
{
    "_id": "V20231462",
    "title": "",
    "text": "."
}
{
    "_id": "V20231471",
    "title": "",
    "text": "table reduction class B common stock. litigation escrow account. 2023 2022. no comparable adjustment 2021. Years Ended September 30 millions Reduction A common stock price. Deposits. litigation escrow account"
}
{
    "_id": "V20231472",
    "title": "",
    "text": "price per share weighted-average calculated adjustments. calculated volume-weighted average class A common stock pricing period certificate incorporation."
}
{
    "_id": "V20231473",
    "title": "",
    "text": "Europe responsibility plan Company VE losses stock conversion rates B C release assessments Visa Europe acquisition value B C. recovery releases earnings share repurchasing A stock reduces B C conversion rates-converted share count. Note. Europe Retrospective Plans."
}
{
    "_id": "V20231482",
    "title": "",
    "text": "table presents reduction-converted series B C stock Company recovered VE territory losses conversion adjustments Sixth Anniversary Release Years Ended September 30 millions share Reduction equivalent class A common stock Effective price per. Recovery conversion rate adjustment Sixth Anniversary Release"
}
{
    "_id": "V20231483",
    "title": "",
    "text": "reduction shares common stock million."
}
{
    "_id": "V20231484",
    "title": "",
    "text": "price per share weighted-average calculated adjustments. volume-weighted average Company’s class A common stock pricing period certificates series B C stock."
}
{
    "_id": "V20231491",
    "title": "",
    "text": "stock repurchases. table repurchases open market Years Ended September 30 millions Shares repurchased Average repurchase cost. Total,182,589,676"
}
{
    "_id": "V20231492",
    "title": "",
    "text": "repurchased open market 2023 2022 2021. retired unissued shares."
}
{
    "_id": "V20231494",
    "title": "",
    "text": "table recalculate rounding. Average repurchase total unrounded taxes."
}
{
    "_id": "V20231495",
    "title": "",
    "text": "."
}
{
    "_id": "V20231498",
    "title": "",
    "text": "December 2021 $12. billion October 2022 $12. billion. September 30, 2023 2022 $5. billion. programs completed. October 2023 $25. billion repurchase multi-year flexibility. no expiration."
}
{
    "_id": "V20231499",
    "title": "",
    "text": ". 2023 2022 2021 Company paid dividends $3. 8 billion. billion. October 24 2023 quarterly dividend $0. 52 share stock payable December 1 2023 holders November 9."
}
{
    "_id": "V20231500",
    "title": "",
    "text": "Class B common stock. not convertible or transferable until U. S. litigation resolved. transfer restriction subject to exceptions transfers other holders. After termination convertible into A if transferred not Visa Member or affiliate. transfer each share B into shares A common conversion rate."
}
{
    "_id": "V20231501",
    "title": "",
    "text": "Adjustment conversion rate completion offering common stock U. S. litigation escrow account cash deposit conversion rate final resolution. S release funds. conversion rate. Note 5—U. S. Europe Retrospective Responsibility Plans."
}
{
    "_id": "V20231502",
    "title": "",
    "text": "September 2023 Company engaging stockholders amendments certificate incorporation Visa exchange program transfer restrictions Class B common stock resolution U. litigation."
}
{
    "_id": "V20231503",
    "title": "",
    "text": "C. no transfer restrictions."
}
{
    "_id": "V20231504",
    "title": "",
    "text": "stock. Visa Europe acquisition three series created. quarterly cash dividends class A common stock. redeemable non-redeemable common stock dividends distribution assets liquidation dissolution."
}
{
    "_id": "V20231505",
    "title": "",
    "text": "series B C stock convertible into class A common stock or series A preferred stock. shares subject restrictions transfer stages VE territory litigation. fully convertible 12th anniversary Visa Europe acquisition holdback-pending claims. conversion conversion rate adjusted downward holder class A common stock or series A preferred stock. conversion rates reduced offset liabilities."
}
{
    "_id": "V20231507",
    "title": "",
    "text": "series A preferred stock equivalent Company’s class A common stock freely transferable 100 shares. Note 5—U. S. Europe Responsibility Plans."
}
{
    "_id": "V20231508",
    "title": "",
    "text": "."
}
{
    "_id": "V20231511",
    "title": "",
    "text": "Voting rights. holders series B C preferred stock no right to vote matters except defined matters including consolidation merger combination transaction Company shares common stock securities not identical securities cash property different from class A common stockholders. approval requires affirmative vote each series. series B C stockholders votes equal to shares held. Holders series A preferred stock similar voting rights to holders series B C."
}
{
    "_id": "V20231513",
    "title": "",
    "text": "Class A stockholders vote all matters. Class B C no right vote except certain defined matters including decision exit core payments business vote consolidation merger combination transaction Company vote approval amendments certificate incorporation vote separate amendments affect terms class B C common stock. B C stockholders votes equal to shares stock multiplied by conversion rate. Holders common stock no right vote on amendment current certificate incorporation preferred stock."
}
{
    "_id": "V20231514",
    "title": "",
    "text": "."
}
{
    "_id": "V20231526",
    "title": "",
    "text": "table presents earnings per share 2023 Earnings Earnings Allocation- Average Shares Share Average Shares millions data Class A common stock.,273. 28 Class B common stock,254. 24 Class C common stock. 13 Participating securities presented Net income,273"
}
{
    "_id": "V20231535",
    "title": "",
    "text": "table presents earnings per share fiscal 2022 Earnings Earnings Allocation- Average Shares Share Average Shares millions share data Class A common stock,569.,136. Class B common stock,781.,778. Class C common stock. Participating securities presented Net income"
}
{
    "_id": "V20231544",
    "title": "",
    "text": "table presents earnings per share fiscal 2021 Earnings Earnings Allocation- Average Shares Share Average Shares millions data Class A common stock.,311,188. Class B common stock,244. Class C common stock. 53. Participating securities presented Net income,311"
}
{
    "_id": "V20231545",
    "title": "",
    "text": "weighted-average class B stock 392 397 million 398 million 2023 2022 2021. C 39 million 40 million 42 million 2023 2022 2021. preferred stock 10 million 8 million 12 million series A 7 million 14 million 16 million B 11 million 20 million 22 million series C."
}
{
    "_id": "V20231546",
    "title": "",
    "text": "table recalculate rounding. diluted earnings unrounded."
}
{
    "_id": "V20231548",
    "title": "",
    "text": "-average diluted shares-converted common stock equivalents treasury. equivalents 2023 2022 2021."
}
{
    "_id": "V20231549",
    "title": "",
    "text": "."
}
{
    "_id": "V20231554",
    "title": "",
    "text": "Company’s 2007 Equity Incentive Compensation Plan authorizes grant stock options RSUs performance-based shares restricted stock awards employees directors 198 million shares class A common stock. Shares authorized acquired. withheld taxes price available grant. EIP until common stock delivered restrictions lapsed unless terminated."
}
{
    "_id": "V20231555",
    "title": "",
    "text": "2021 Company compensation $734 $571 $518 million expense. tax benefits $112 million $82 million $73 million."
}
{
    "_id": "V20231557",
    "title": "",
    "text": "Options EIP expire 10 years vest three years earlier vesting."
}
{
    "_id": "V20231565",
    "title": "",
    "text": "value stock option estimated grant Black-Scholes pricing model weighted-average assumptions Ended September 30 Expected term years. Risk-free rate return(2). volatility(3). dividend yield(4). Fair value option granted."
}
{
    "_id": "V20231566",
    "title": "",
    "text": "Visa’s."
}
{
    "_id": "V20231567",
    "title": "",
    "text": "zero-coupon. Treasury yield curve awards."
}
{
    "_id": "V20231568",
    "title": "",
    "text": "Company’s volatilities."
}
{
    "_id": "V20231570",
    "title": "",
    "text": "annual dividend date grant."
}
{
    "_id": "V20231571",
    "title": "",
    "text": "."
}
{
    "_id": "V20231583",
    "title": "",
    "text": "table option activity Exercise Price Share Contractual Term Intrinsic millions September 30 2022,168,624. Granted. Forfeited. Expired. Exercised,006,212). September 30 2023,355. Options exercisable September 30 2023,241,861. Options exercisable September 30,022."
}
{
    "_id": "V20231584",
    "title": "",
    "text": "closing stock last 2023 $230. less option multiplied."
}
{
    "_id": "V20231585",
    "title": "",
    "text": "forfeiture rate unvested options 2023 estimate."
}
{
    "_id": "V20231586",
    "title": "",
    "text": "2022 2021 options $134 $56 $124 million tax benefit $28 $11 $23 million. September 2023 $25 million unrecognized unvested options."
}
{
    "_id": "V20231588",
    "title": "",
    "text": "RSUs EIP vest over three years grant subject earlier vesting. settled class A common stock cash option. settle cash. vesting recipients receive dividend equivalents voting rights A common stock."
}
{
    "_id": "V20231589",
    "title": "",
    "text": "fair value compensation cost forfeitures calculated closing price common stock. value $212. $204. 73 $209. total $486 million $380 million $331 million."
}
{
    "_id": "V20231596",
    "title": "",
    "text": "table RSU activity Grant Date Value Contractual Term millions September 30 2022,320. Granted,373,137. Vested,428,334. Forfeited. September 30 2023,397."
}
{
    "_id": "V20231597",
    "title": "",
    "text": "closing stock last 2023 $230. instruments."
}
{
    "_id": "V20231599",
    "title": "",
    "text": "September 30 2023 $745 million unrecognized compensation unvested RSUs."
}
{
    "_id": "V20231600",
    "title": "",
    "text": "."
}
{
    "_id": "V20231604",
    "title": "",
    "text": "Company’s performance-based shares ultimate performance market conditions. performance earnings per share target. market shareholder return Standard & Poor’s 500 Index."
}
{
    "_id": "V20231612",
    "title": "",
    "text": "value performance-based shares estimated grant Monte Carlo simulation model weighted-average assumptions Years Ended September 30 Expected term years. Risk-free rate. volatility(2). dividend yield(3). Fair value performance-based share."
}
{
    "_id": "V20231613",
    "title": "",
    "text": "zero-coupon. treasury yield curve awards."
}
{
    "_id": "V20231614",
    "title": "",
    "text": "Company’s volatilities."
}
{
    "_id": "V20231615",
    "title": "",
    "text": "annual dividend date grant."
}
{
    "_id": "V20231616",
    "title": "",
    "text": "shares vest years earlier. 2023 2022 2021 $44 million $49 million $47 million. Compensation cost estimated performance. recorded net forfeitures adjusted."
}
{
    "_id": "V20231623",
    "title": "",
    "text": "table performance-based shares Average Grant Date Value Contractual Term Intrinsic millions September 30, 2022,196. Vested earned(219,523). Unearned,989. Outstanding September 30, 2023,502."
}
{
    "_id": "V20231624",
    "title": "",
    "text": "closing stock last 2023 $230. instruments."
}
{
    "_id": "V20231625",
    "title": "",
    "text": "maximum performance shares earned."
}
{
    "_id": "V20231627",
    "title": "",
    "text": "September 30 2023 $81 million unrecognized compensation shares one year."
}
{
    "_id": "V20231628",
    "title": "",
    "text": "."
}
{
    "_id": "V20231636",
    "title": "",
    "text": "Company software licenses expiration dates. September 30 2023 future minimum payments Years Ending September 30 millions Software licenses"
}
{
    "_id": "V20231644",
    "title": "",
    "text": "income before taxes Years Ended September 30 millions U.,339,051,002 Non-U.,085,061 income taxes,136,063"
}
{
    "_id": "V20231645",
    "title": "",
    "text": "2023 2022 2021. income taxes. billion. 6 billion. 1 billion. outside"
}
{
    "_id": "V20231661",
    "title": "",
    "text": "Income tax fiscal year Years Ended September 30 millions Current. federal,166 State local Non. current taxes,247 Deferred. federal State local Non. deferred taxes income tax,764,179,752"
}
{
    "_id": "V20231662",
    "title": "",
    "text": "."
}
{
    "_id": "V20231685",
    "title": "",
    "text": "table deferred tax assets liabilities 30 millions Assets Accrued compensation benefits litigation incentives loss Comprehensive loss taxes Valuation allowance Deferred tax assets Property equipment technology Intangible assets Unrealized gains equity securities Foreign taxes"
}
{
    "_id": "V20231686",
    "title": "",
    "text": "September 30 2022 deferred tax $126 $87 million balance."
}
{
    "_id": "V20231687",
    "title": "",
    "text": "realizability deferred tax assets management considers. realization future taxable income differences deductible. 2023 2022 valuation allowances relate foreign losses subsidiaries acquired."
}
{
    "_id": "V20231689",
    "title": "",
    "text": "September 30 2023 $1. billion carryforwards."
}
{
    "_id": "V20231690",
    "title": "",
    "text": "."
}
{
    "_id": "V20231705",
    "title": "",
    "text": "table income tax provision. S. federal statutory income tax rate Years Ended September 30 millions. S. federal income tax statutory rate State income taxes net federal benefit Non-U. S. tax effect net federal benefit Remeasurement deferred tax balances Reassessment uncertain tax position Conclusion audits State tax apportionment position Other Income tax provision"
}
{
    "_id": "V20231708",
    "title": "",
    "text": "2023 2022 income tax rates 18% 2023 $142 million tax benefit reassessment uncertain tax position new information 2022 $176 million benefit state apportionment tax position."
}
{
    "_id": "V20231712",
    "title": "",
    "text": "2022 2021 income tax rates 18% 23%. differs $176 million tax benefit state apportionment ratio tax position 2021 $1. 0 billion tax expense deferred tax liabilities increase tax rate 19% to 25% April 1, 2023 $255 million tax benefits audits."
}
{
    "_id": "V20231713",
    "title": "",
    "text": "2022 $206 million $190 million expenses non-current $961 million $1. billion $1. 5 billion $365 million accrued liabilities $1. 9 billion $2. 3 billion."
}
{
    "_id": "V20231714",
    "title": "",
    "text": "hub. tax incentive October 1 2008 September 30 2023 employment thresholds. 2021 decreased tax $468 million $362 $273 million benefit earnings per share. 22,."
}
{
    "_id": "V20231716",
    "title": "",
    "text": "Company required inventory evaluate measure uncertain tax positions returns record liabilities partially examination taxing authorities."
}
{
    "_id": "V20231717",
    "title": "",
    "text": "."
}
{
    "_id": "V20231720",
    "title": "",
    "text": "September 30 2023 2022 2021 tax benefits $3. $2. 7 $2. 5 billion exclusive interest penalties. Included. $1. 6 billion. 3. tax rate."
}
{
    "_id": "V20231730",
    "title": "",
    "text": "table unrecognized tax benefits fiscal year millions Balance period,683,488#2,579 Increase years Decrease Increase current Decrease settlements taxing authorities(17))(63) Reduction lapsing statute limitations Balance end period#3,497,683,488"
}
{
    "_id": "V20231731",
    "title": "",
    "text": "increases unrecognized tax benefits include refund claims timing differences tax positions. decrease includes reassessment tax position new information."
}
{
    "_id": "V20231732",
    "title": "",
    "text": "2023 2022 2021 recognized $34 million $15 million $1 million interest tax. penalties 2022 reversed $31 million. 2022 interest $271 million $238 million no penalties."
}
{
    "_id": "V20231733",
    "title": "",
    "text": ". tax returns 2016 2018 examination. 2008 2015, unresolved issue tax deduction. 2022 appeals settlement. evaluating next steps. federal statute limitations expired 2016."
}
{
    "_id": "V20231734",
    "title": "",
    "text": "California tax returns 2012 2015 refund claims 2006 2011 appeal. California statute limitations expired."
}
{
    "_id": "V20231735",
    "title": "",
    "text": "India tax authorities returns 2010 to 2021 adjustments. Company objected filed appeals."
}
{
    "_id": "V20231737",
    "title": "",
    "text": "Company subject examinations state foreign tax authorities. tax matters concluded 2007. resolutions uncertain. tax benefits decrease $400 million next 12 months."
}
{
    "_id": "V20231738",
    "title": "",
    "text": "."
}
{
    "_id": "V20231742",
    "title": "",
    "text": "Company party to legal regulatory proceedings. involve complex claims substantial uncertainties unascertainable damages. loss reasonably possible not estimable Company disclosed nature claim. provide estimate possible loss. believes strong defenses could incur judgments fines enter settlements financial position results operations cash flows. may engage settlement discussions mediations litigation."
}
{
    "_id": "V20231743",
    "title": "",
    "text": "litigation accrual estimate based litigation profile specifics advice estimate loss balance sheet."
}
{
    "_id": "V20231752",
    "title": "",
    "text": "table summarizes accrued litigation Years Ended September 30 millions Balance period uncovered covered matters Payments matters Balance end period"
}
{
    "_id": "V20231754",
    "title": "",
    "text": "Visa. International parties legal proceedings. retrospective responsibility plan. covered litigation. accrual. charge recorded when loss probable estimable. Company evaluates information actions committee. total accrual. higher lower escrow account balance. Covered Litigation. Europe Retrospective Responsibility Plans."
}
{
    "_id": "V20231762",
    "title": "",
    "text": "table accrual activity. litigation Years Ended September 30 millions Balance Provision interchange multidistrict litigation Payments. litigation period"
}
{
    "_id": "V20231764",
    "title": "",
    "text": "fiscal 2023 Company recorded accruals $906 million deposited $1. 0 billion U. S. litigation escrow account claims merchants Amended Settlement Agreement. accrual balance consistent estimate loss U. S. litigation. vary."
}
{
    "_id": "V20231765",
    "title": "",
    "text": "."
}
{
    "_id": "V20231768",
    "title": "",
    "text": "consider reevaluate estimate uncertainties litigation. Company unable estimate potential loss trial resolutions."
}
{
    "_id": "V20231770",
    "title": "",
    "text": "Visa. International Europe parties proceedings Europe plan. S. escrow account settlements. Company VE losses conversion rates series B C. accrual losses reduction equity recorded probable estimable. VE Territory Covered Litigation. S. Europe Retrospective Plans."
}
{
    "_id": "V20231778",
    "title": "",
    "text": "table accrual activity VE territory litigation Years Ended September 30 millions Balance period Provision Payments Balance end period"
}
{
    "_id": "V20231781",
    "title": "",
    "text": "May 2005, complaints class actions filed. courts merchants against Visa. International Mastercard. financial institutions. Judicial Panel Multidistrict Litigation cases. District Court Eastern District New York. plaintiffs filed complaints. challenged interchange fees honor-all-cards rules transaction fees reorganization federal antitrust laws state unfair competition laws. complaints sought damages relief attorneys’ fees order."
}
{
    "_id": "V20231782",
    "title": "",
    "text": "Visa. U. S. International Mastercard U. S financial defendants plaintiffs claims. Company deposited $4. 0 billion. escrow $500 million interchange court settlement accounts. Visa received deposited. $1. 1 billion."
}
{
    "_id": "V20231784",
    "title": "",
    "text": "June 30 2016,. Appeals Second vacated merchant class reversed settlement remanded."
}
{
    "_id": "V20231785",
    "title": "",
    "text": "."
}
{
    "_id": "V20231788",
    "title": "",
    "text": "district court interim counsel Relief Class. plaintiffs Damages Class filed Third Consolidated Amended Class Action Complaint damages attorneys’ fees. Injunctive Relief Class filed against Visa Mastercard bank defendants injunction default interchange rates Visa rules transaction fees attorneys’ fees."
}
{
    "_id": "V20231789",
    "title": "",
    "text": "September 17, 2018 Visa Mastercard U. S. financial institutions agreement plaintiffs Damages Class claims (Amended Settlement Agreement. supersedes 2012 includes release liability Damages Class five years after. release injunctive relief claims. additional settlement payment $900 million Company’s share $600 million litigation escrow account plan. Europe Responsibility Plans. additional added $5. 3 billion deposited accounts 2012."
}
{
    "_id": "V20231790",
    "title": "",
    "text": "merchants objected out. December 13, 2019 district court appealed. $700 million returned defendants. Visa’s takedown payment $467 million deposited U. S. litigation escrow account. March 15, 2023 U. S. Court Appeals Second affirmed approval. August 3, 2023 order special master."
}
{
    "_id": "V20231791",
    "title": "",
    "text": "May 29, 2020 complaint Old Jericho Enterprise. Visa Mastercard gasoline retailers 24 states District Columbia. April 28, 2021 Hayley Lanning June 16, 2021 Camp Grounds Coffee Visa Mastercard merchants 25 states District Columbia Square card. antitrust recovery. Visa U. S. Retrospective Plan."
}
{
    "_id": "V20231792",
    "title": "",
    "text": "June 1, 2020 Visa Injunctive Relief Class. plaintiffs partial judgment. September 27, 2021 district court certified Injunctive Relief Class Visa December 18 2020."
}
{
    "_id": "V20231795",
    "title": "",
    "text": "2013, 50 cases filed federal courts merchants pursuing damages MDL 1720. Visa Inc. U. S. International Mastercard U. S. financial institutions. Visa monopolized debit card. seek injunction default interchange rates Visa rules transaction fees. Visa Mastercard banks conspired prevent chip-and-PIN authentication. circumvent competition. merchants filed amended complaints injunctive relief damages."
}
{
    "_id": "V20231796",
    "title": "",
    "text": "."
}
{
    "_id": "V20231799",
    "title": "",
    "text": "merchants Visa Mastercard. defendants MDL 1720 merchants Eastern District New York declaration violate antitrust laws."
}
{
    "_id": "V20231800",
    "title": "",
    "text": "merchant actions assigned judge 1720 transferred Judicial Panel. S. retrospective responsibility plan. Note 5—U. S. Europe Retrospective Responsibility Plans."
}
{
    "_id": "V20231801",
    "title": "",
    "text": "Visa settlements merchants 72% Settlement Agreement Damages Class plaintiffs."
}
{
    "_id": "V20231802",
    "title": "",
    "text": "June 1 2020 July 14 2023 Visa merchant declaratory Mastercard U. financial institutions. Plaintiffs partial summary judgment. October 9, 2022 EMV chargebacks denied."
}
{
    "_id": "V20231803",
    "title": "",
    "text": "Company believes defenses class merchant actions final outcome unpredictable. incur judgments enter settlements revise expectations financial results. U. S. retrospective responsibility plan monetary liability Note. judgments settlements change business practices rules contractual commitments affect financial results."
}
{
    "_id": "V20231805",
    "title": "",
    "text": "December 30, 2022 class action filed California Visa Mastercard financial institutions cardholders January 1 2004. conspiracy fix fees relief damages. January 11, 2023 amended complaint. January 30, 2023 Visa Judicial Panel Multidistrict Litigation MDL 1720. June 15, 2023 denied appealed. July 28, 2023 dismiss granted November 14, 2023."
}
{
    "_id": "V20231809",
    "title": "",
    "text": "July 2013, proceedings commenced 1,150 Merchants against Visa Europe Visa Inc. subsidiaries interchange rates Europe fees Visa rules. seek damages anti-competitive conduct interchange fees card transactions UK Irish European intra-European Economic Area inter-regional. Visa settled claims 175 Merchants 900 outstanding claims. 30 Merchants threatened commence proceedings. Standstill agreements entered several settled. not filed full known. European entities bring similar claims anticipates additional claims."
}
{
    "_id": "V20231810",
    "title": "",
    "text": "."
}
{
    "_id": "V20231813",
    "title": "",
    "text": "trial November 2016 March 2017 claims Merchant. judgments November 2017 February 2018 Visa’s UK interchange restrict competition exemptible. July 4, 2018 Court Appeal overturned rulings Visa’s interchange restricted competition. appeal Supreme Court June 17, 2020 restricted competition. September 30, 2021 Visa settlement claims."
}
{
    "_id": "V20231814",
    "title": "",
    "text": "November 26, 2021 UK Competition Appeal Tribunal found UK domestic intra-European Economic Area consumer interchange fees Regulation restriction competition IFR trial. interchange fees exempt restriction damages trial. October 4, 2022 UK Court Appeal affirmed ruling."
}
{
    "_id": "V20231815",
    "title": "",
    "text": "June 1, 2022 class claims filed Visa businesses cards 2016, anti-competitive. Europe retrospective responsibility plan covers liabilities losses Visa Europe acquisition. June 8, 2023 Competition Appeal Tribunal denied certification."
}
{
    "_id": "V20231816",
    "title": "",
    "text": "damages claims served Visa defenses. issued served preserved seek billion damages."
}
{
    "_id": "V20231818",
    "title": "",
    "text": "14 2021 motion filed Visa Mastercard. fees Honor Cards anti-competitive seeks damages relief."
}
{
    "_id": "V20231822",
    "title": "",
    "text": "ATM Council Class Action. 2011, non-bank operators filed lawsuit Visa. Mastercard. District Court Columbia. challenges access fee greater. Plaintiffs violates Sherman Act seek damages relief attorneys’ fees. August 4, 2021 district court granted certification. July 25, 2023. Court Appeals affirmed September 27, 2023 petition rehearing banc denied."
}
{
    "_id": "V20231823",
    "title": "",
    "text": "."
}
{
    "_id": "V20231826",
    "title": "",
    "text": "Class Actions. October 2011, filed Visa Mastercard ATM fee rules. Two filed Visa Mastercard three financial institutions. damages restitution injunctive relief attorneys’ fees Sherman Act consumer protection statutes. August 4, 2021 court class certification. August 8, 2022 action settlement judgments dismissal. July 25, 2023. Court Appeals affirmed September 27, 2023 rehearing denied."
}
{
    "_id": "V20231828",
    "title": "",
    "text": "March 2012, Antitrust Division issued Visa. Sherman Act 15 U. S. §§ 1. PIN-Authenticated Visa Debit Dodd-Frank Act fixed acquirer fee. cooperated."
}
{
    "_id": "V20231830",
    "title": "",
    "text": "November 25 2014, Pulse Network Visa. Texas Visa debit card. August 29, 2022 Pulse amended complaint seeks damages fees injunctive relief fee agreements."
}
{
    "_id": "V20231832",
    "title": "",
    "text": "complaint March 8 2016, B&R Supermarket. Milam’s Market Grove Liquors amended July 15 Visa. Mastercard Discover American Express EMVCo financial institutions. Northern District California. complaint liability transactions merchants. 2015. violates Sherman Act state laws seek damages injunctive relief attorneys’ fees."
}
{
    "_id": "V20231833",
    "title": "",
    "text": "EMVCo financial institution dismissed transferred. Court Eastern New York MDL 1720. August 28, 2020 court granted class certification. November 30, 2022 Visa summary judgment."
}
{
    "_id": "V20231835",
    "title": "",
    "text": "November 4, 2019 Competition Visa documents merchant choice debit payments Durbin Amendment Dodd-Frank Wall Street Reform Consumer Protection Act. June 9, 2020 CID Visa documents. cooperated FTC."
}
{
    "_id": "V20231838",
    "title": "",
    "text": "December 13, 2019 Euronet Finance Polska. claim UK ATM fees Poland Czech Republic Greece Visa. Mastercard subsidiaries"
}
{
    "_id": "V20231839",
    "title": "",
    "text": "."
}
{
    "_id": "V20231842",
    "title": "",
    "text": "competition. Euronet sought damages costs relief. Visa claim dismissed."
}
{
    "_id": "V20231844",
    "title": "",
    "text": "June 26, 2020 Commission investigation wallets. February 16 2023 investigation closed."
}
{
    "_id": "V20231846",
    "title": "",
    "text": "December 2021 Visa claims Germany Visa Europe Inc. banks ATM rules fees anti-competitive majority seek damages. Visa courts one denied granted Europe."
}
{
    "_id": "V20231848",
    "title": "",
    "text": "March June 11 January May 2 Antitrust Division. Justice issued Visa violation Sherman Act 15 U. C §§ 1 2. CIDs. debit competition payment. Visa."
}
{
    "_id": "V20231850",
    "title": "",
    "text": "July 9 2021 amended December 6, 2021 Visa. District Northern District California foreign currency. unjust enrichment restitution California Unfair Competition Law Washington Consumer Protection Massachusetts New Jersey Consumer Fraud Act. December 21, 2022 third complaint. August 30, 2023 court granted dismiss case."
}
{
    "_id": "V20231853",
    "title": "",
    "text": "December 2 2022 EC informed Visa opened investigation agreements."
}
{
    "_id": "V20231854",
    "title": "",
    "text": "Disagreements Financial Disclosures"
}
{
    "_id": "V20231855",
    "title": "",
    "text": "."
}
{
    "_id": "V20231858",
    "title": "",
    "text": "maintain disclosure controls procedures Rules 13a-15 15d-15 Securities Exchange Act 1934 information reports recorded processed summarized reported rules communicated management Chief Executive Financial Officer timely decisions."
}
{
    "_id": "V20231859",
    "title": "",
    "text": "supervision management Chief Executive Financial disclosure controls procedures. concluded September 30, 2023 controls procedures effective reasonable assurance level."
}
{
    "_id": "V20231861",
    "title": "",
    "text": "management control financial reporting. assessed September 30, 2023 Internal Control—Integrated Framework Committee Sponsoring Organizations Treadway Commission. concluded effective September 30, 2023."
}
{
    "_id": "V20231862",
    "title": "",
    "text": "control financial reporting September 30, 2023 audited KPMG LLP Item 8."
}
{
    "_id": "V20231863",
    "title": "",
    "text": "Limitations Controls Financial Reporting"
}
{
    "_id": "V20231864",
    "title": "",
    "text": "internal control over financial reporting not assurance reliability preparation statements. accounting principles. limitations. include human error circumvention resource constraints. prevent misstatements fraud. designed controls assumptions future events not achieve purpose future conditions. disclosure controls procedures provide not absolute achieving objectives. Projections effectiveness future subject to risks Part I Item 1A—Risk Factors."
}
{
    "_id": "V20231866",
    "title": "",
    "text": "preparation for report on control documented tested design operating effectiveness. no changes in fourth quarter fiscal 2023 materially affected."
}
{
    "_id": "V20231868",
    "title": "",
    "text": "Plans."
}
{
    "_id": "V20231873",
    "title": "",
    "text": "."
}
{
    "_id": "V20231875",
    "title": "",
    "text": "file proxy statement Regulation 14A Exchange Act 120 days fiscal year September 30 2023. incorporated."
}
{
    "_id": "V20231876",
    "title": "",
    "text": "Code Business Conduct Ethics directors officers officers employees contractors Corporate Governance Guidelines Investor Relations. Governance. Printed available stockholders Corporate Secretary Visa. 193243 San Francisco."
}
{
    "_id": "V20231878",
    "title": "",
    "text": "information required Proxy Statement incorporated."
}
{
    "_id": "V20231879",
    "title": "",
    "text": "Ownership Stockholder Matters"
}
{
    "_id": "V20231880",
    "title": "",
    "text": "information required Proxy Statement incorporated."
}
{
    "_id": "V20231882",
    "title": "",
    "text": "information required Proxy Statement incorporated."
}
{
    "_id": "V20231885",
    "title": "",
    "text": "information Item Proxy Statement incorporated."
}
{
    "_id": "V20231888",
    "title": "",
    "text": "documents. Consolidated Financial Statements"
}
{
    "_id": "V20231889",
    "title": "",
    "text": "Index Statements 8."
}
{
    "_id": "V20231891",
    "title": "",
    "text": "."
}
{
    "_id": "V20231892",
    "title": "",
    "text": ". exhibits filed report filed incorporated reference:"
}
{
    "_id": "V20231893",
    "title": "",
    "text": "Exhibit."
}
{
    "_id": "V20231896",
    "title": "",
    "text": "."
}
{
    "_id": "V20231998",
    "title": "",
    "text": "Reference Exhibit. Restated Transaction Agreement May 10 2016, Visa Inc. Visa Europe Limited#001-33977. Restated Certificate Incorporation Visa./2021. Restated Bylaws Visa./2022. stock certificate Visa.-143966. specimen certificate class B common stock.-53572. certificate class C common stock. Designations Series A Stock Visa./21/2016. Designations Series B./21/2016. Designations Series C./21/2016. December 14 2015 Visa Inc. U. S. Bank National Association. 3. 150% Senior Note 2025.. 1 500% Senior Note 2026./2022. 750% Senior Note 2027./2020. 900% Senior Note 2027. 2 750% Senior 2027. 000% Senior Note 2029./2022. 050% Senior Note 2030. 100% Senior Note due 2031./2020. 2 375% Senior Note 2034./2022. 150% Senior Note due 2035. 2 700% Senior Note due 2040. 300% Senior Note due 2045. 650% Senior Note due 2047. 000% Senior Note due 2050./2020. Securities.Indemnity Agreement. Global Restructuring Agreement August 24 2007, Visa. International Service Association. Europe Limited Canada Association Inovant. Services International Transition Merger. Ontario.-143966. Agreement Visa. escrow agent-143966. Framework Agreement Visa. Visa Europe Limited Inovant LLC Visa International Services Association.-143966. Restated Five Year Revolving Credit Agreement May 31, 2023 Visa. International Service Association. Europe Limited borrowers Bank of America. agent JPMorgan Chase Bank. syndication agent lenders./26/2023. Interchange Judgment Sharing Agreement Visa International Service Association. parties-143966. Agreement.Interchange Judgment Sharing Agreement. Loss Sharing Agreement Visa U. Visa International Service Association. financial institutions-143966. Sharing Agreement. Loss Sharing Agreement. Litigation Management Agreement Visa. International Service Association.-143966. Agreement February 7 2011, Interchange Litigation Judgment Sharing Settlement Sharing Visa. International Service Association Mastercard Incorporated. August 26, 2014, Omnibus Agreement Interchange Litigation Judgment Sharing Settlement Visa. International Service Association Mastercard Incorporated./21/2014. Amendment October 22, 2015, Agreement Litigation Judgment Sharing. Agreement October 19, 2012, Visa.Visa International Association Mastercard Incorporated U. defendants plaintiffs Payment Card Interchange Fee Merchant Discount Antitrust Litigation. 05-MD-1720. Settlement Agreement September 17, 2018 Visa Inc. Association Mastercard. defendants damages plaintiffs Card Fee Antitrust Litigation. 05-MD-1720. Sharing Agreement November 2 2015, Visa Inc. Visa Europe Limited. Management Deed June 21, 2016, Representative Visa. LMC UK&I DCC Europe DCC Members./21/2016. 2005 Deferred Compensation Plan August 12, 2015. Directors Deferred Compensation Plan July 22, 2014./21/2014.2007 Equity Incentive Compensation Plan January 26, 2021. Incentive Plan July 18 2022. Excess Thrift Plan January 1 2008. Excess Retirement Benefit Plan January. Amendment January 1 Visa Excess Retirement Benefit Plan. Executive Severance Plan January 1 2022. Executive Officer Cash Severance Policy November 6 2023. Clawback Policy November 1 2023. 2015 Employee Stock Purchase Plan. Visa. 2007 Equity Incentive Compensation Plan Restricted Stock Unit Award Agreement November 1 2014. Stock Option Award Agreement November 1.Visa Inc. 2007 Equity Incentive Compensation Plan Stock Option Award Agreement November 2015./2021. Visa Inc. 2007 Plan Director Restricted Stock Unit Agreement November 1 2017. Visa. Restricted Stock Unit Agreement November 1 2018. CEO November 1 2018. Visa. 2007 Stock Option Award Agreement CEO November 1 2018. Visa. 2007 Plan Performance Share Award Agreement CEO November 1 2018. Visa. 2007 Restricted Stock Unit Award Agreement November 1 2018. Visa. 2007 Stock Option Award Agreement November 1 2018. Visa.2007 Equity Incentive Compensation Plan Performance Share Award Agreement November 1 2018. Visa Inc. 2007 Restricted Stock Unit Award Agreement January 1 2021./2021. Visa. Stock Unit CEO November 1 2021. Visa. 2007 Stock Option Award Agreement CEO November 1 2021. 2007 Performance Share Award Agreement CEO November 1 2021. Restricted Stock Unit Award Agreement November 1 2021. Visa. 2007 Stock Option Award Agreement November 1 2021. Visa. 2007 Performance Share Award Agreement November 1 2021. Visa. 2007 Plan Stock Option Award Agreement January 23, 2023.Visa. 2007 Equity Incentive Compensation Plan Share Award Agreement January 23, 2023. Alternate Visa. Amendment Notification Stock Option Performance Share Award Holders. Letter One-Time Cash Award Agreement June 13, 2023 Visa. Chris Suh. Restated Aircraft Time Sharing Agreement November 1 2019 Visa. Alfred F. Kelly Jr. Amendment Sharing Agreement January 30 2023 Alfred. Kelly. Agreement January 30 2023 Visa Ryan McInerney. Significant Subsidiaries Visa. KPMG LLP Accounting Firm. Certification Principal Executive Officer. Certification.XBRL Instance Document Interactive Data File tags. XBRL Taxonomy Extension Schema. Calculation. DEF Definition. Extension Label. PRE Presentation 104 Page Interactive Data File Inline XBRL Exhibit 101"
}
{
    "_id": "V20232000",
    "title": "",
    "text": "Confidential treatment requested agreement. completed filed separately SEC."
}
{
    "_id": "V20232001",
    "title": "",
    "text": "Management."
}
{
    "_id": "V20232004",
    "title": "",
    "text": "Filed furnished. Schedules omitted 601 Regulation S. furnished SEC parties request confidential Rule 24b-2 Exchange Act."
}
{
    "_id": "V20232012",
    "title": "",
    "text": "Section 13 Securities Exchange Act 1934 registrant Annual Report Form 10-K. VISA. Ryan McInerney Executive Officer 15 2023"
}
{
    "_id": "V20232042",
    "title": "",
    "text": "Securities Exchange Act 1934 report signed registrant dates Signature#Title Ryan McInerney#Chief Executive Officer Director 15 2023 Chris Suh#Chief Financial Officer Peter M. Andreski Corporate Controller Chief Accounting Officer. Alfred F. Kelly Jr. ##Executive Chairman. John F. Lundgren Independent Director. Lloyd A. Carney. Kermit R. Crawford. Francisco Javier Fernández-Carbajal Ramon Laguarta Teri L. List. Denise M. Morrison. Pamela Murphy Linda J. Rendle. Maynard G. Webb, Jr."
}