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[ "changes in the fair value of funded and unfunded credit products are classified in principal transactions in citi 2019s consolidated statement of income .", "related interest revenue is measured based on the contractual interest rates and reported as interest revenue on trading account assets or loan interest depending on the balance sheet classifications of the credit products .", "the changes in fair value for the years ended december 31 , 2018 and 2017 due to instrument-specific credit risk totaled to a loss of $ 27 million and a gain of $ 10 million , respectively .", "certain investments in unallocated precious metals citigroup invests in unallocated precious metals accounts ( gold , silver , platinum and palladium ) as part of its commodity and foreign currency trading activities or to economically hedge certain exposures from issuing structured liabilities .", "under asc 815 , the investment is bifurcated into a debt host contract and a commodity forward derivative instrument .", "citigroup elects the fair value option for the debt host contract , and reports the debt host contract within trading account assets on the company 2019s consolidated balance sheet .", "the total carrying amount of debt host contracts across unallocated precious metals accounts was approximately $ 0.4 billion and $ 0.9 billion at december 31 , 2018 and 2017 , respectively .", "the amounts are expected to fluctuate based on trading activity in future periods .", "as part of its commodity and foreign currency trading activities , citi trades unallocated precious metals investments and executes forward purchase and forward sale derivative contracts with trading counterparties .", "when citi sells an unallocated precious metals investment , citi 2019s receivable from its depository bank is repaid and citi derecognizes its investment in the unallocated precious metal .", "the forward purchase or sale contract with the trading counterparty indexed to unallocated precious metals is accounted for as a derivative , at fair value through earnings .", "as of december 31 , 2018 , there were approximately $ 13.7 billion and $ 10.3 billion in notional amounts of such forward purchase and forward sale derivative contracts outstanding , respectively .", "certain investments in private equity and real estate ventures and certain equity method and other investments citigroup invests in private equity and real estate ventures for the purpose of earning investment returns and for capital appreciation .", "the company has elected the fair value option for certain of these ventures , because such investments are considered similar to many private equity or hedge fund activities in citi 2019s investment companies , which are reported at fair value .", "the fair value option brings consistency in the accounting and evaluation of these investments .", "all investments ( debt and equity ) in such private equity and real estate entities are accounted for at fair value .", "these investments are classified as investments on citigroup 2019s consolidated balance sheet .", "changes in the fair values of these investments are classified in other revenue in the company 2019s consolidated statement of income .", "citigroup also elected the fair value option for certain non-marketable equity securities whose risk is managed with derivative instruments that are accounted for at fair value through earnings .", "these securities are classified as trading account assets on citigroup 2019s consolidated balance sheet .", "changes in the fair value of these securities and the related derivative instruments are recorded in principal transactions .", "effective january 1 , 2018 under asu 2016-01 and asu 2018-03 , a fair value option election is no longer required to measure these non-marketable equity securities through earnings .", "see note 1 to the consolidated financial statements for additional details .", "certain mortgage loans held-for-sale citigroup has elected the fair value option for certain purchased and originated prime fixed-rate and conforming adjustable-rate first mortgage loans hfs .", "these loans are intended for sale or securitization and are hedged with derivative instruments .", "the company has elected the fair value option to mitigate accounting mismatches in cases where hedge accounting is complex and to achieve operational simplifications .", "the following table provides information about certain mortgage loans hfs carried at fair value: ." ]

[ "the changes in the fair values of these mortgage loans are reported in other revenue in the company 2019s consolidated statement of income .", "there was no net change in fair value during the years ended december 31 , 2018 and 2017 due to instrument-specific credit risk .", "related interest income continues to be measured based on the contractual interest rates and reported as interest revenue in the consolidated statement of income. ." ]

[ [ "In millions of dollars", "December 31,2018", "December 31, 2017" ], [ "Carrying amount reported on the Consolidated Balance Sheet", "$556", "$426" ], [ "Aggregate fair value in excess of (less than) unpaid principal balance", "21", "14" ], [ "Balance of non-accrual loans or loans more than 90 days past due", "—", "—" ], [ "Aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due", "—", "—" ] ]

[ [ "in millions of dollars", "december 312018", "december 31 2017" ], [ "carrying amount reported on the consolidated balance sheet", "$ 556", "$ 426" ], [ "aggregate fair value in excess of ( less than ) unpaid principal balance", "21", "14" ], [ "balance of non-accrual loans or loans more than 90 days past due", "2014", "2014" ], [ "aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due", "2014", "2014" ] ]

[ { "arg1": "556", "arg2": "426", "op": "minus1-1", "res": "130" }, { "arg1": "#0", "arg2": "426", "op": "divide1-2", "res": "30.5%" } ]

[ "notes to consolidated financial statements 196 jpmorgan chase & co./2014 annual report credit and funding adjustments when determining the fair value of an instrument , it may be necessary to record adjustments to the firm 2019s estimates of fair value in order to reflect counterparty credit quality , the firm 2019s own creditworthiness , and the impact of funding : 2022 credit valuation adjustments ( 201ccva 201d ) are taken to reflect the credit quality of a counterparty in the valuation of derivatives .", "cva are necessary when the market price ( or parameter ) is not indicative of the credit quality of the counterparty .", "as few classes of derivative contracts are listed on an exchange , derivative positions are predominantly valued using models that use as their basis observable market parameters .", "an adjustment therefore may be necessary to reflect the credit quality of each derivative counterparty to arrive at fair value .", "the firm estimates derivatives cva using a scenario analysis to estimate the expected credit exposure across all of the firm 2019s positions with each counterparty , and then estimates losses as a result of a counterparty credit event .", "the key inputs to this methodology are ( i ) the expected positive exposure to each counterparty based on a simulation that assumes the current population of existing derivatives with each counterparty remains unchanged and considers contractual factors designed to mitigate the firm 2019s credit exposure , such as collateral and legal rights of offset ; ( ii ) the probability of a default event occurring for each counterparty , as derived from observed or estimated cds spreads ; and ( iii ) estimated recovery rates implied by cds , adjusted to consider the differences in recovery rates as a derivative creditor relative to those reflected in cds spreads , which generally reflect senior unsecured creditor risk .", "as such , the firm estimates derivatives cva relative to the relevant benchmark interest rate .", "2022 dva is taken to reflect the credit quality of the firm in the valuation of liabilities measured at fair value .", "the dva calculation methodology is generally consistent with the cva methodology described above and incorporates jpmorgan chase 2019s credit spread as observed through the cds market to estimate the probability of default and loss given default as a result of a systemic event affecting the firm .", "structured notes dva is estimated using the current fair value of the structured note as the exposure amount , and is otherwise consistent with the derivative dva methodology .", "2022 the firm incorporates the impact of funding in its valuation estimates where there is evidence that a market participant in the principal market would incorporate it in a transfer of the instrument .", "as a result , the fair value of collateralized derivatives is estimated by discounting expected future cash flows at the relevant overnight indexed swap ( 201cois 201d ) rate given the underlying collateral agreement with the counterparty .", "effective in 2013 , the firm implemented a fva framework to incorporate the impact of funding into its valuation estimates for uncollateralized ( including partially collateralized ) over- the-counter ( 201cotc 201d ) derivatives and structured notes .", "the firm 2019s fva framework leverages its existing cva and dva calculation methodologies , and considers the fact that the firm 2019s own credit risk is a significant component of funding costs .", "the key inputs are : ( i ) the expected funding requirements arising from the firm 2019s positions with each counterparty and collateral arrangements ; ( ii ) for assets , the estimated market funding cost in the principal market ; and ( iii ) for liabilities , the hypothetical market funding cost for a transfer to a market participant with a similar credit standing as the firm .", "upon the implementation of the fva framework in 2013 , the firm recorded a one time $ 1.5 billion loss in principal transactions revenue that was recorded in the cib .", "while the fva framework applies to both assets and liabilities , the loss on implementation largely related to uncollateralized derivative receivables given that the impact of the firm 2019s own credit risk , which is a significant component of funding costs , was already incorporated in the valuation of liabilities through the application of dva .", "the following table provides the credit and funding adjustments , excluding the effect of any associated hedging activities , reflected within the consolidated balance sheets as of the dates indicated. ." ]

[ "derivative receivables balance ( a ) $ 78975 $ 65759 derivative payables balance ( a ) 71116 57314 derivatives cva ( b ) ( 2674 ) ( 2352 ) derivatives dva and fva ( b ) ( c ) ( 380 ) ( 322 ) structured notes balance ( a ) ( d ) 53772 48808 structured notes dva and fva ( b ) ( e ) 1152 952 ( a ) balances are presented net of applicable cva and dva/fva .", "( b ) positive cva and dva/fva represent amounts that increased receivable balances or decreased payable balances ; negative cva and dva/fva represent amounts that decreased receivable balances or increased payable balances .", "( c ) at december 31 , 2014 and 2013 , included derivatives dva of $ 714 million and $ 715 million , respectively .", "( d ) structured notes are predominantly financial instruments containing embedded derivatives that are measured at fair value based on the firm 2019s election under the fair value option .", "at december 31 , 2014 and 2013 , included $ 943 million and $ 1.1 billion , respectively , of financial instruments with no embedded derivative for which the fair value option has also been elected .", "for further information on these elections , see note 4 .", "( e ) at december 31 , 2014 and 2013 , included structured notes dva of $ 1.4 billion and $ 1.4 billion , respectively. ." ]

[ [ "December 31, (in millions)", "2014", "2013" ], [ "Derivative receivables balance^(a)", "$78,975", "$65,759" ], [ "Derivative payables balance^(a)", "71,116", "57,314" ], [ "Derivatives CVA^(b)", "(2,674)", "(2,352)" ], [ "Derivatives DVA and FVA^(b)(c)", "(380)", "(322)" ], [ "Structured notes balance^(a)(d)", "53,772", "48,808" ], [ "Structured notes DVA and FVA^(b)(e)", "1,152", "952" ] ]

[ [ "december 31 ( in millions )", "2014", "2013" ], [ "derivative receivables balance ( a )", "$ 78975", "$ 65759" ], [ "derivative payables balance ( a )", "71116", "57314" ], [ "derivatives cva ( b )", "-2674 ( 2674 )", "-2352 ( 2352 )" ], [ "derivatives dva and fva ( b ) ( c )", "-380 ( 380 )", "-322 ( 322 )" ], [ "structured notes balance ( a ) ( d )", "53772", "48808" ], [ "structured notes dva and fva ( b ) ( e )", "1152", "952" ] ]

[ { "arg1": "1152", "arg2": "const_1000", "op": "divide2-1", "res": "1.152" }, { "arg1": "#0", "arg2": "1.4", "op": "minus2-2", "res": "-0.25" } ]

[ "management 2019s discussion and analysis interest expense was $ 17 million less in 2004 than in 2003 reflecting the year over year reduction in debt of $ 316 million .", "other charges declined $ 30 million in 2004 due to a combination of lower environmental remediation , legal and workers compensation expenses and the absence of certain 2003 charges .", "other earnings were $ 28 million higher in 2004 due primarily to higher earnings from our equity affiliates .", "the effective tax rate for 2004 was 30.29% ( 30.29 % ) compared to 34.76% ( 34.76 % ) for the full year 2003 .", "the reduction in the rate for 2004 reflects the benefit of the subsidy offered pursuant to the medicare act not being subject to tax , the continued improvement in the geographical mix of non- u.s .", "earnings and the favorable resolution during 2004 of matters related to two open u.s .", "federal income tax years .", "net income in 2004 totaled $ 683 million , an increase of $ 189 million over 2003 , and earnings per share 2013 diluted increased $ 1.06 to $ 3.95 per share .", "results of business segments net sales operating income ( millions ) 2004 2003 2004 2003 ( 1 ) coatings $ 5275 $ 4835 $ 777 $ 719 ." ]

[ "chemicals 2034 1771 291 228 ( 1 ) operating income by segment for 2003 has been revised to reflect a change in the allocation method for certain pension and other postretirement benefit costs in 2004 ( see note 22 , 201cbusiness segment information 201d , under item 8 of this form 10-k ) .", "coatings sales increased $ 440 million or 9% ( 9 % ) in 2004 .", "sales increased 6% ( 6 % ) from improved volumes across all our coatings businesses and 4% ( 4 % ) due to the positive effects of foreign currency translation , primarily from our european operations .", "sales declined 1% ( 1 % ) due to lower selling prices , principally in our automotive business .", "operating income increased $ 58 million in 2004 .", "factors increasing operating income were the higher sales volume ( $ 135 million ) and the favorable effects of currency translation described above and improved manufacturing efficiencies of $ 20 million .", "factors decreasing operating income were inflationary cost increases of $ 82 million and lower selling prices .", "glass sales increased $ 54 million or 3% ( 3 % ) in 2004 .", "sales increased 6% ( 6 % ) from improved volumes primarily from our performance glazings ( flat glass ) , fiber glass , and automotive original equipment businesses net of lower volumes in our automotive replacement glass business .", "sales also increased 2% ( 2 % ) due to the positive effects of foreign currency translation , primarily from our european fiber glass operations .", "sales declined 5% ( 5 % ) due to lower selling prices across all our glass businesses .", "operating income in 2004 increased $ 98 million .", "factors increasing operating income were improved manufacturing efficiencies of $ 110 million , higher sales volume ( $ 53 million ) described above , higher equity earnings and the gains on the sale/leaseback of precious metals of $ 19 million .", "the principal factor decreasing operating income was lower selling prices .", "fiber glass volumes were up 15% ( 15 % ) for the year , although pricing declined .", "with the shift of electronic printed wiring board production to asia and the volume and pricing gains there , equity earnings from our joint venture serving that region grew in 2004 .", "these factors combined with focused cost reductions and manufacturing efficiencies to improve the operating performance of this business , as we continue to position it for future growth in profitability .", "chemicals sales increased $ 263 million or 15% ( 15 % ) in 2004 .", "sales increased 10% ( 10 % ) from improved volumes in our commodity and specialty businesses and 4% ( 4 % ) due to higher selling prices for our commodity products .", "sales also increased 1% ( 1 % ) due to the positive effects of foreign currency translation , primarily from our european operations .", "operating income increased $ 63 million in 2004 .", "factors increasing operating income were the higher selling prices for our commodity products and the higher sales volume ( $ 73 million ) described above , improved manufacturing efficiencies of $ 25 million and lower environmental expenses .", "factors decreasing 2004 operating income were inflationary cost increases of $ 40 million and higher energy costs of $ 79 million .", "other significant factors the company 2019s pension and other postretirement benefit costs for 2004 were $ 45 million lower than in 2003 .", "this decrease reflects the market driven growth in pension plan assets that occurred in 2003 , the impact of the $ 140 million in cash contributed to the pension plans by the company in 2004 and the benefit of the subsidy offered pursuant to the medicare act , as discussed in note 12 , 201cpension and other postretirement benefits , 201d under item 8 of this form 10-k .", "commitments and contingent liabilities , including environmental matters ppg is involved in a number of lawsuits and claims , both actual and potential , including some that it has asserted against others , in which substantial monetary damages are sought .", "see item 3 , 201clegal proceedings 201d of this form 10-k and note 13 , 201ccommitments and contingent liabilities , 201d under item 8 of this form 10-k for a description of certain of these lawsuits , including a description of the proposed ppg settlement arrangement for asbestos claims announced on may 14 , 2002 .", "as discussed in item 3 and note 13 , although the result of any future litigation of such lawsuits and claims is inherently unpredictable , management believes that , in the aggregate , the outcome of all lawsuits and claims involving ppg , including asbestos-related claims in the event the ppg settlement arrangement described in note 13 does not become effective , will not have a material effect on ppg 2019s consolidated financial position or liquidity ; however , any such outcome may be material to the results of operations of any particular period in which costs , if any , are recognized .", "the company has been named as a defendant , along with various other co-defendants , in a number of antitrust lawsuits filed in federal and state courts .", "these suits allege that ppg acted with competitors to fix prices and allocate markets in the flat glass and automotive refinish industries .", "22 2005 ppg annual report and form 10-k ." ]

[ [ "", "<i>Net sales</i>", "<i>Operating income</i>" ], [ "<i>(Millions)</i>", "2004", "2003", "2004", "2003⁽¹⁾" ], [ "Coatings", "$5,275", "$4,835", "$777", "$719" ], [ "Glass", "2,204", "2,150", "169", "71" ], [ "Chemicals", "2,034", "1,771", "291", "228" ] ]

[ [ "( millions )", "net sales 2004", "net sales 2003", "net sales 2004", "2003 ( 1 )" ], [ "coatings", "$ 5275", "$ 4835", "$ 777", "$ 719" ], [ "glass", "2204", "2150", "169", "71" ], [ "chemicals", "2034", "1771", "291", "228" ] ]

[ { "arg1": "const_1", "arg2": "2%", "op": "minus2-1", "res": "98%" }, { "arg1": "#0", "arg2": "2150", "op": "multiply2-2", "res": "2107" } ]

[ "baker hughes , a ge company notes to consolidated and combined financial statements bhge 2017 form 10-k | 85 the total intrinsic value of rsus ( defined as the value of the shares awarded at the current market price ) vested and outstanding in 2017 was $ 17 million and $ 38 million , respectively .", "the total fair value of rsus vested in 2017 was $ 19 million .", "as of december 31 , 2017 , there was $ 98 million of total unrecognized compensation cost related to unvested rsus , which is expected to be recognized over a weighted average period of 2.5 years .", "note 12 .", "equity common stock we are authorized to issue 2 billion shares of class a common stock , 1.25 billion shares of class b common stock and 50 million shares of preferred stock each of which have a par value of $ 0.0001 per share .", "on july 3 , 2017 , each share of baker hughes common stock was converted into one share of class a common stock in the company .", "the number of class a common stock and class b common stock shares outstanding at december 31 , 2017 is 422 million and 707 million , respectively .", "we have not issued any preferred stock .", "ge owns all the issued and outstanding class b common stock .", "each share of class a and class b common stock and the associated membership interest in bhge llc form a paired interest .", "while each share of class b common stock has equal voting rights to a share of class a common stock , it has no economic rights , meaning holders of class b common stock have no right to dividends and any assets in the event of liquidation of the company .", "former baker hughes stockholders immediately after the completion of the transactions received a special one-time cash dividend of $ 17.50 per share paid by the company to holders of record of the company's class a common stock .", "in addition , during 2017 the company declared and paid regular dividends of $ 0.17 per share and $ 0.18 per share to holders of record of the company's class a common stock during the quarters ended september 30 , 2017 and december 31 , 2017 , respectively .", "the following table presents the changes in number of shares outstanding ( in thousands ) : class a common class b common ." ]

[ "( 1 ) share amounts reflected above are net of shares withheld to satisfy the employee's tax withholding obligation .", "( 2 ) on november 2 , 2017 , our board of directors authorized bhge llc to repurchase up to $ 3 billion of its common units from the company and ge .", "the proceeds of this repurchase are to be used by bhge to repurchase class a common stock of the company on the open market , which if fully implemented would result in the repurchase of approximately $ 1.1 billion of class a common stock .", "the class b common stock of the company , that is paired with repurchased common units , was repurchased by the company at par value .", "the $ 3 billion repurchase authorization is the aggregate authorization for repurchases of class a and class b common stock together with its paired unit .", "bhge llc had authorization remaining to repurchase up to approximately $ 2.5 billion of its common units from bhge and ge at december 31 , 2017 .", "( 3 ) during 2017 , we repurchased and canceled 6046735 shares of class a common stock for a total of $ 187 million .", "we also repurchased and canceled 10126467 shares of class b common stock from ge which is paired together with common units of bhge llc for $ 314 million. ." ]

[ [ "", "Class A Common Stock", "Class B Common Stock" ], [ "Balance at December 31, 2016", "—", "—" ], [ "Issue of shares on business combination at July 3, 2017", "427,709", "717,111" ], [ "Issue of shares upon vesting of restricted stock units⁽¹⁾", "290", "—" ], [ "Issue of shares on exercises of stock options⁽¹⁾", "256", "—" ], [ "Stock repurchase program^{(2) (3)}", "(6,047)", "(10,126)" ], [ "Balance at December 31, 2017", "422,208", "706,985" ] ]

[ [ "", "class a common stock", "class b common stock" ], [ "balance at december 31 2016", "2014", "2014" ], [ "issue of shares on business combination at july 3 2017", "427709", "717111" ], [ "issue of shares upon vesting of restricted stock units ( 1 )", "290", "2014" ], [ "issue of shares on exercises of stock options ( 1 )", "256", "2014" ], [ "stock repurchase program ( 2 ) ( 3 )", "-6047 ( 6047 )", "-10126 ( 10126 )" ], [ "balance at december 31 2017", "422208", "706985" ] ]

[]

[ "republic services , inc .", "notes to consolidated financial statements 2014 ( continued ) high quality financial institutions .", "such balances may be in excess of fdic insured limits .", "to manage the related credit exposure , we continually monitor the credit worthiness of the financial institutions where we have deposits .", "concentrations of credit risk with respect to trade accounts receivable are limited due to the wide variety of customers and markets in which we provide services , as well as the dispersion of our operations across many geographic areas .", "we provide services to small-container , large-container , municipal and residential , and energy services customers in the united states and puerto rico .", "we perform ongoing credit evaluations of our customers , but generally do not require collateral to support customer receivables .", "we establish an allowance for doubtful accounts based on various factors including the credit risk of specific customers , age of receivables outstanding , historical trends , economic conditions and other information .", "accounts receivable , net accounts receivable represent receivables from customers for collection , transfer , recycling , disposal , energy services and other services .", "our receivables are recorded when billed or when the related revenue is earned , if earlier , and represent claims against third parties that will be settled in cash .", "the carrying value of our receivables , net of the allowance for doubtful accounts and customer credits , represents their estimated net realizable value .", "provisions for doubtful accounts are evaluated on a monthly basis and are recorded based on our historical collection experience , the age of the receivables , specific customer information and economic conditions .", "we also review outstanding balances on an account-specific basis .", "in general , reserves are provided for accounts receivable in excess of 90 days outstanding .", "past due receivable balances are written-off when our collection efforts have been unsuccessful in collecting amounts due .", "the following table reflects the activity in our allowance for doubtful accounts for the years ended december 31: ." ]

[ "restricted cash and marketable securities as of december 31 , 2017 , we had $ 141.1 million of restricted cash and marketable securities of which $ 71.4 million supports our insurance programs for workers 2019 compensation , commercial general liability , and commercial auto liability .", "additionally , we obtain funds through the issuance of tax-exempt bonds for the purpose of financing qualifying expenditures at our landfills , transfer stations , collection and recycling centers .", "the funds are deposited directly into trust accounts by the bonding authorities at the time of issuance .", "as the use of these funds is contractually restricted , and we do not have the ability to use these funds for general operating purposes , they are classified as restricted cash and marketable securities in our consolidated balance sheets .", "in the normal course of business , we may be required to provide financial assurance to governmental agencies and a variety of other entities in connection with municipal residential collection contracts , closure or post- closure of landfills , environmental remediation , environmental permits , and business licenses and permits as a financial guarantee of our performance .", "at several of our landfills , we satisfy financial assurance requirements by depositing cash into restricted trust funds or escrow accounts .", "property and equipment we record property and equipment at cost .", "expenditures for major additions and improvements to facilities are capitalized , while maintenance and repairs are charged to expense as incurred .", "when property is retired or ." ]

[ [ "", "2017", "2016", "2015" ], [ "Balance at beginning of year", "$44.0", "$46.7", "$38.9" ], [ "Additions charged to expense", "30.6", "20.4", "22.7" ], [ "Accounts written-off", "(35.7)", "(23.1)", "(14.9)" ], [ "Balance at end of year", "$38.9", "$44.0", "$46.7" ] ]

[ [ "", "2017", "2016", "2015" ], [ "balance at beginning of year", "$ 44.0", "$ 46.7", "$ 38.9" ], [ "additions charged to expense", "30.6", "20.4", "22.7" ], [ "accounts written-off", "-35.7 ( 35.7 )", "-23.1 ( 23.1 )", "-14.9 ( 14.9 )" ], [ "balance at end of year", "$ 38.9", "$ 44.0", "$ 46.7" ] ]

[ { "arg1": "44.0", "arg2": "46.7", "op": "minus1-1", "res": "-2.7" }, { "arg1": "#0", "arg2": "46.7", "op": "divide1-2", "res": "-5.8%" } ]

[ "edwards lifesciences corporation notes to consolidated financial statements 2014 ( continued ) future minimum lease payments ( including interest ) under noncancelable operating leases and aggregate debt maturities at december 31 , 2004 were as follows ( in millions ) : aggregate operating debt leases maturities 2005*************************************************************** $ 13.1 $ 2014 2006*************************************************************** 11.5 2014 2007*************************************************************** 8.9 2014 2008*************************************************************** 8.0 2014 2009*************************************************************** 7.2 2014 thereafter ********************************************************** 1.1 267.1 total obligations and commitments************************************** $ 49.8 $ 267.1 included in debt at december 31 , 2004 and 2003 were unsecured notes denominated in japanese yen of a57.0 billion ( us$ 67.1 million ) and a56.0 billion ( us$ 55.8 million ) , respectively .", "certain facilities and equipment are leased under operating leases expiring at various dates .", "most of the operating leases contain renewal options .", "total expense for all operating leases was $ 14.0 million , $ 12.3 million , and $ 6.8 million for the years 2004 , 2003 and 2002 , respectively .", "11 .", "financial instruments and risk management fair values of financial instruments the consolidated financial statements include financial instruments whereby the fair market value of such instruments may differ from amounts reflected on a historical basis .", "financial instruments of the company consist of cash deposits , accounts and other receivables , investments in unconsolidated affiliates , accounts payable , certain accrued liabilities and debt .", "the fair values of certain investments in unconsolidated affiliates are estimated based on quoted market prices .", "for other investments , various methods are used to estimate fair value , including external valuations and discounted cash flows .", "the carrying amount of the company 2019s long-term debt approximates fair market value based on prevailing market rates .", "the company 2019s other financial instruments generally approximate their fair values based on the short-term nature of these instruments. ." ]

[ "edwards lifesciences corporation notes to consolidated financial statements 2014 ( continued ) future minimum lease payments ( including interest ) under noncancelable operating leases and aggregate debt maturities at december 31 , 2004 were as follows ( in millions ) : aggregate operating debt leases maturities 2005*************************************************************** $ 13.1 $ 2014 2006*************************************************************** 11.5 2014 2007*************************************************************** 8.9 2014 2008*************************************************************** 8.0 2014 2009*************************************************************** 7.2 2014 thereafter ********************************************************** 1.1 267.1 total obligations and commitments************************************** $ 49.8 $ 267.1 included in debt at december 31 , 2004 and 2003 were unsecured notes denominated in japanese yen of a57.0 billion ( us$ 67.1 million ) and a56.0 billion ( us$ 55.8 million ) , respectively .", "certain facilities and equipment are leased under operating leases expiring at various dates .", "most of the operating leases contain renewal options .", "total expense for all operating leases was $ 14.0 million , $ 12.3 million , and $ 6.8 million for the years 2004 , 2003 and 2002 , respectively .", "11 .", "financial instruments and risk management fair values of financial instruments the consolidated financial statements include financial instruments whereby the fair market value of such instruments may differ from amounts reflected on a historical basis .", "financial instruments of the company consist of cash deposits , accounts and other receivables , investments in unconsolidated affiliates , accounts payable , certain accrued liabilities and debt .", "the fair values of certain investments in unconsolidated affiliates are estimated based on quoted market prices .", "for other investments , various methods are used to estimate fair value , including external valuations and discounted cash flows .", "the carrying amount of the company 2019s long-term debt approximates fair market value based on prevailing market rates .", "the company 2019s other financial instruments generally approximate their fair values based on the short-term nature of these instruments. ." ]

[ [ "", "Operating Leases", "Aggregate Debt Maturities" ], [ "2005", "$13.1", "$—" ], [ "2006", "11.5", "—" ], [ "2007", "8.9", "—" ], [ "2008", "8.0", "—" ], [ "2009", "7.2", "—" ], [ "Thereafter", "1.1", "267.1" ], [ "Total obligations and commitments", "$49.8", "$267.1" ] ]

[ [ "", "operating leases", "aggregate debt maturities" ], [ "2005", "$ 13.1", "$ 2014" ], [ "2006", "11.5", "2014" ], [ "2007", "8.9", "2014" ], [ "2008", "8.0", "2014" ], [ "2009", "7.2", "2014" ], [ "thereafter", "1.1", "267.1" ], [ "total obligations and commitments", "$ 49.8", "$ 267.1" ] ]

[ { "arg1": "14.0", "arg2": "12.3", "op": "minus2-1", "res": "1.7" }, { "arg1": "#0", "arg2": "12.3", "op": "divide2-2", "res": "14%" } ]

[ "management 2019s discussion and analysis 114 jpmorgan chase & co./2017 annual report derivative contracts in the normal course of business , the firm uses derivative instruments predominantly for market-making activities .", "derivatives enable counterparties to manage exposures to fluctuations in interest rates , currencies and other markets .", "the firm also uses derivative instruments to manage its own credit and other market risk exposure .", "the nature of the counterparty and the settlement mechanism of the derivative affect the credit risk to which the firm is exposed .", "for otc derivatives the firm is exposed to the credit risk of the derivative counterparty .", "for exchange- traded derivatives ( 201cetd 201d ) , such as futures and options , and 201ccleared 201d over-the-counter ( 201cotc-cleared 201d ) derivatives , the firm is generally exposed to the credit risk of the relevant ccp .", "where possible , the firm seeks to mitigate its credit risk exposures arising from derivative transactions through the use of legally enforceable master netting arrangements and collateral agreements .", "for further discussion of derivative contracts , counterparties and settlement types , see note 5 .", "the following table summarizes the net derivative receivables for the periods presented .", "derivative receivables ." ]

[ "( a ) includes collateral related to derivative instruments where an appropriate legal opinion has not been either sought or obtained .", "derivative receivables reported on the consolidated balance sheets were $ 56.5 billion and $ 64.1 billion at december 31 , 2017 and 2016 , respectively .", "derivative receivables decreased predominantly as a result of client- driven market-making activities in cib markets , which reduced foreign exchange and interest rate derivative receivables , and increased equity derivative receivables , driven by market movements .", "derivative receivables amounts represent the fair value of the derivative contracts after giving effect to legally enforceable master netting agreements and cash collateral held by the firm .", "however , in management 2019s view , the appropriate measure of current credit risk should also take into consideration additional liquid securities ( primarily u.s .", "government and agency securities and other group of seven nations ( 201cg7 201d ) government bonds ) and other cash collateral held by the firm aggregating $ 16.1 billion and $ 22.7 billion at december 31 , 2017 and 2016 , respectively , that may be used as security when the fair value of the client 2019s exposure is in the firm 2019s favor .", "in addition to the collateral described in the preceding paragraph , the firm also holds additional collateral ( primarily cash , g7 government securities , other liquid government-agency and guaranteed securities , and corporate debt and equity securities ) delivered by clients at the initiation of transactions , as well as collateral related to contracts that have a non-daily call frequency and collateral that the firm has agreed to return but has not yet settled as of the reporting date .", "although this collateral does not reduce the balances and is not included in the table above , it is available as security against potential exposure that could arise should the fair value of the client 2019s derivative transactions move in the firm 2019s favor .", "the derivative receivables fair value , net of all collateral , also does not include other credit enhancements , such as letters of credit .", "for additional information on the firm 2019s use of collateral agreements , see note 5 .", "while useful as a current view of credit exposure , the net fair value of the derivative receivables does not capture the potential future variability of that credit exposure .", "to capture the potential future variability of credit exposure , the firm calculates , on a client-by-client basis , three measures of potential derivatives-related credit loss : peak , derivative risk equivalent ( 201cdre 201d ) , and average exposure ( 201cavg 201d ) .", "these measures all incorporate netting and collateral benefits , where applicable .", "peak represents a conservative measure of potential exposure to a counterparty calculated in a manner that is broadly equivalent to a 97.5% ( 97.5 % ) confidence level over the life of the transaction .", "peak is the primary measure used by the firm for setting of credit limits for derivative transactions , senior management reporting and derivatives exposure management .", "dre exposure is a measure that expresses the risk of derivative exposure on a basis intended to be equivalent to the risk of loan exposures .", "dre is a less extreme measure of potential credit loss than peak and is used for aggregating derivative credit risk exposures with loans and other credit risk .", "finally , avg is a measure of the expected fair value of the firm 2019s derivative receivables at future time periods , including the benefit of collateral .", "avg exposure over the total life of the derivative contract is used as the primary metric for pricing purposes and is used to calculate credit risk capital and the cva , as further described below .", "the three year avg exposure was $ 29.0 billion and $ 31.1 billion at december 31 , 2017 and 2016 , respectively , compared with derivative receivables , net of all collateral , of $ 40.4 billion and $ 41.4 billion at december 31 , 2017 and 2016 , respectively .", "the fair value of the firm 2019s derivative receivables incorporates cva to reflect the credit quality of counterparties .", "cva is based on the firm 2019s avg to a counterparty and the counterparty 2019s credit spread in the credit derivatives market .", "the firm believes that active risk management is essential to controlling the dynamic credit risk in the derivatives portfolio .", "in addition , the firm 2019s risk management process takes into consideration the potential ." ]

[ [ "December 31, (in millions)", "2017", "2016" ], [ "Interest rate", "$24,673", "$28,302" ], [ "Credit derivatives", "869", "1,294" ], [ "Foreign exchange", "16,151", "23,271" ], [ "Equity", "7,882", "4,939" ], [ "Commodity", "6,948", "6,272" ], [ "Total, net of cash collateral", "56,523", "64,078" ], [ "Liquid securities and other cash collateral held against derivative receivables^(a)", "(16,108)", "(22,705)" ], [ "Total, net of all collateral", "$40,415", "$41,373" ] ]

[ [ "december 31 ( in millions )", "2017", "2016" ], [ "interest rate", "$ 24673", "$ 28302" ], [ "credit derivatives", "869", "1294" ], [ "foreign exchange", "16151", "23271" ], [ "equity", "7882", "4939" ], [ "commodity", "6948", "6272" ], [ "total net of cash collateral", "56523", "64078" ], [ "liquid securities and other cash collateral held against derivative receivables ( a )", "-16108 ( 16108 )", "-22705 ( 22705 )" ], [ "total net of all collateral", "$ 40415", "$ 41373" ] ]

[]

[ "item 15 .", "exhibits , financial statement schedules .", "( continued ) kinder morgan , inc .", "form 10-k ." ]

[ "____________ ( a ) as a result of the implementation of asu 2009-17 , effective january 1 , 2010 , we ( i ) include the transactions and balances of our business trust , k n capital trust i and k n capital trust iii , in our consolidated financial statements and ( ii ) no longer include our junior subordinated deferrable interest debentures issued to the capital trusts ( see note 18 201crecent accounting pronouncements 201d ) .", "( b ) kmp issued its $ 500 million in principal amount of 9.00% ( 9.00 % ) senior notes due february 1 , 2019 in december 2008 .", "each holder of the notes has the right to require kmp to repurchase all or a portion of the notes owned by such holder on february 1 , 2012 at a purchase price equal to 100% ( 100 % ) of the principal amount of the notes tendered by the holder plus accrued and unpaid interest to , but excluding , the repurchase date .", "on and after february 1 , 2012 , interest will cease to accrue on the notes tendered for repayment .", "a holder 2019s exercise of the repurchase option is irrevocable .", "kinder morgan kansas , inc .", "the 2028 and 2098 debentures and the 2012 and 2015 senior notes are redeemable in whole or in part , at kinder morgan kansas , inc . 2019s option at any time , at redemption prices defined in the associated prospectus supplements .", "the 2027 debentures are redeemable in whole or in part , at kinder morgan kansas , inc . 2019s option after november 1 , 2004 at redemption prices defined in the associated prospectus supplements .", "on september 2 , 2010 , kinder morgan kansas , inc .", "paid the remaining $ 1.1 million principal balance outstanding on kinder morgan kansas , inc . 2019s 6.50% ( 6.50 % ) series debentures , due 2013 .", "kinder morgan finance company , llc on december 20 , 2010 , kinder morgan finance company , llc , a wholly owned subsidiary of kinder morgan kansas , inc. , completed a public offering of senior notes .", "it issued a total of $ 750 million in principal amount of 6.00% ( 6.00 % ) senior notes due january 15 , 2018 .", "net proceeds received from the issuance of the notes , after underwriting discounts and commissions , were $ 744.2 million , which were used to retire the principal amount of the 5.35% ( 5.35 % ) senior notes that matured on january 5 , 2011 .", "the 2011 , 2016 , 2018 and 2036 senior notes issued by kinder morgan finance company , llc are redeemable in whole or in part , at kinder morgan kansas , inc . 2019s option at any time , at redemption prices defined in the associated prospectus supplements .", "each series of these notes is fully and unconditionally guaranteed by kinder morgan kansas , inc .", "on a senior unsecured basis as to principal , interest and any additional amounts required to be paid as a result of any withholding or deduction for canadian taxes .", "capital trust securities kinder morgan kansas , inc . 2019s business trusts , k n capital trust i and k n capital trust iii , are obligated for $ 12.7 million of 8.56% ( 8.56 % ) capital trust securities maturing on april 15 , 2027 and $ 14.4 million of 7.63% ( 7.63 % ) capital trust securities maturing on april 15 , 2028 , respectively , which it guarantees .", "the 2028 securities are redeemable in whole or in part , at kinder morgan kansas , inc . 2019s option at any time , at redemption prices as defined in the associated prospectus .", "the 2027 securities are redeemable in whole or in part at kinder morgan kansas , inc . 2019s option and at any time in certain limited circumstances upon the occurrence of certain events and at prices , all defined in the associated prospectus supplements .", "upon redemption by kinder morgan kansas , inc .", "or at maturity of the junior subordinated deferrable interest debentures , it must use the proceeds to make redemptions of the capital trust securities on a pro rata basis. ." ]

[ [ "Kinder Morgan Liquids Terminals LLC-N.J. Development Revenue Bonds due January 15, 2018", "25.0", "25.0" ], [ "Kinder Morgan Columbus LLC-5.50% MS Development Revenue note due September 1, 2022", "8.2", "8.2" ], [ "Kinder Morgan Operating L.P. “B”-Jackson-Union Cos. IL Revenue Bonds due April 1, 2024", "23.7", "23.7" ], [ "International Marine Terminals-Plaquemines, LA Revenue Bonds due March 15, 2025", "40.0", "40.0" ], [ "Other miscellaneous subsidiary debt", "1.3", "1.3" ], [ "Unamortized Debt Discount on Long-term Debt", "(20.3)", "(21.2)" ], [ "Current Maturities of Long-term Debt", "(1,263.3)", "(596.6)" ], [ "Total Long-term Debt– KMP", "$10,282.8", "$10,007.5" ] ]

[ [ "kinder morgan liquids terminals llc-n.j . development revenue bonds due january 15 2018 kinder morgan columbus llc-5.50% ( llc-5.50 % ) ms development revenue note due september 1 2022", "25.0 8.2", "25.0 8.2" ], [ "kinder morgan operating l.p . 201cb 201d-jackson-union cos . il revenue bonds due april 1 2024", "23.7", "23.7" ], [ "international marine terminals-plaquemines la revenue bonds due march 15 2025", "40.0", "40.0" ], [ "other miscellaneous subsidiary debt", "1.3", "1.3" ], [ "unamortized debt discount on long-term debt", "-20.3 ( 20.3 )", "-21.2 ( 21.2 )" ], [ "current maturities of long-term debt", "-1263.3 ( 1263.3 )", "-596.6 ( 596.6 )" ], [ "total long-term debt 2013 kmp", "$ 10282.8", "$ 10007.5" ] ]

[ { "arg1": "21.2", "arg2": "10007.5", "op": "divide2-1", "res": "0.002" }, { "arg1": "#0", "arg2": "100%", "op": "multiply2-2", "res": "0.2%" } ]

[ "kimco realty corporation and subsidiaries notes to consolidated financial statements , continued uncertain tax positions : the company is subject to income tax in certain jurisdictions outside the u.s. , principally canada and mexico .", "the statute of limitations on assessment of tax varies from three to seven years depending on the jurisdiction and tax issue .", "tax returns filed in each jurisdiction are subject to examination by local tax authorities .", "the company is currently under audit by the canadian revenue agency , mexican tax authority and the u.s .", "internal revenue service ( 201cirs 201d ) .", "in october 2011 , the irs issued a notice of proposed adjustment , which proposes pursuant to section 482 of the code , to disallow a capital loss claimed by krs on the disposition of common shares of valad property ltd. , an australian publicly listed company .", "because the adjustment is being made pursuant to section 482 of the code , the irs believes it can assert a 100 percent 201cpenalty 201d tax pursuant to section 857 ( b ) ( 7 ) of the code and disallow the capital loss deduction .", "the notice of proposed adjustment indicates the irs 2019 intention to impose the 100 percent 201cpenalty 201d tax on the company in the amount of $ 40.9 million and disallowing the capital loss claimed by krs .", "the company and its outside counsel have considered the irs 2019 assessment and believe that there is sufficient documentation establishing a valid business purpose for the transfer , including recent case history showing support for similar positions .", "accordingly , the company strongly disagrees with the irs 2019 position on the application of section 482 of the code to the disposition of the shares , the imposition of the 100 percent penalty tax and the simultaneous assertion of the penalty tax and disallowance of the capital loss deduction .", "the company received a notice of proposed assessment and filed a written protest and requested an irs appeals office conference .", "an appeals hearing was attended by management and its attorneys , the irs compliance group and an irs appeals officer in november , 2014 , at which time irs compliance presented arguments in support of their position , as noted herein .", "management and its attorneys presented rebuttal arguments in support of its position .", "the matter is currently under consideration by the appeals officer .", "the company intends to vigorously defend its position in this matter and believes it will prevail .", "resolutions of these audits are not expected to have a material effect on the company 2019s financial statements .", "during 2013 , the company early adopted asu 2013-11 prospectively and reclassified a portion of its reserve for uncertain tax positions .", "the reserve for uncertain tax positions included amounts related to the company 2019s canadian operations .", "the company has unrecognized tax benefits reported as deferred tax assets and are available to settle adjustments made with respect to the company 2019s uncertain tax positions in canada .", "the company reduced its reserve for uncertain tax positions by $ 12.3 million associated with its canadian operations and reduced its deferred tax assets in accordance with asu 2013-11 .", "the company does not believe that the total amount of unrecognized tax benefits as of december 31 , 2014 , will significantly increase or decrease within the next 12 months .", "as of december 31 , 2014 , the company 2019s canadian uncertain tax positions , which reduce its deferred tax assets , aggregated $ 10.4 million .", "the liability for uncertain tax benefits principally consists of estimated foreign , federal and state income tax liabilities in years for which the statute of limitations is open .", "open years range from 2008 through 2014 and vary by jurisdiction and issue .", "the aggregate changes in the balance of unrecognized tax benefits for the years ended december 31 , 2014 and 2013 were as follows ( in thousands ) : ." ]

[ "( a ) this amount was reclassified against the related deferred tax asset relating to the company 2019s early adoption of asu 2013-11 as discussed above. ." ]

[ [ "", "201 4", "2013" ], [ "Balance, beginning of year", "$4,590", "$16,890" ], [ "Increases for tax positions related to current year", "59", "15" ], [ "Reduction due to adoption of ASU 2013-11(a)", "-", "(12,315)" ], [ "Balance, end of year", "$4,649", "$4,590" ] ]

[ [ "", "201 4", "2013" ], [ "balance beginning of year", "$ 4590", "$ 16890" ], [ "increases for tax positions related to current year", "59", "15" ], [ "reduction due to adoption of asu 2013-11 ( a )", "-", "-12315 ( 12315 )" ], [ "balance end of year", "$ 4649", "$ 4590" ] ]

[ { "arg1": "4649", "arg2": "4590", "op": "minus1-1", "res": "59" }, { "arg1": "#0", "arg2": "4590", "op": "divide1-2", "res": "1.3%" } ]

[ "corporate/other corporate/other includes certain unallocated costs of global staff functions ( including finance , risk , human resources , legal and compliance ) , other corporate expenses and unallocated global operations and technology expenses and income taxes , as well as corporate treasury , certain north america legacy consumer loan portfolios , other legacy assets and discontinued operations ( for additional information on corporate/other , see 201ccitigroup segments 201d above ) .", "at december 31 , 2018 , corporate/other had $ 91 billion in assets , an increase of 17% ( 17 % ) from the prior year .", "in millions of dollars 2018 2017 2016 % ( % ) change 2018 vs .", "2017 % ( % ) change 2017 vs .", "2016 ." ]

[ "nm not meaningful 2018 vs .", "2017 net income was $ 107 million in 2018 , compared to a net loss of $ 19.7 billion in the prior year , primarily driven by the $ 19.8 billion one-time , non-cash charge recorded in the tax line in 2017 due to the impact of tax reform .", "results in 2018 included the one-time benefit of $ 94 million in the tax line , related to tax reform .", "for additional information , see 201csignificant accounting policies and significant estimates 2014income taxes 201d below .", "excluding the one-time impact of tax reform in 2018 and 2017 , net income decreased 92% ( 92 % ) , reflecting lower revenues , partially offset by lower expenses , lower cost of credit and tax benefits related to the reorganization of certain non-u.s .", "subsidiaries .", "the tax benefits were largely offset by the release of a foreign currency translation adjustment ( cta ) from aoci to earnings ( for additional information on the cta release , see note 19 to the consolidated financial statements ) .", "revenues decreased 33% ( 33 % ) , driven by the continued wind-down of legacy assets .", "expenses decreased 40% ( 40 % ) , primarily driven by the wind-down of legacy assets , lower infrastructure costs and lower legal expenses .", "provisions decreased $ 27 million to a net benefit of $ 202 million , primarily due to lower net credit losses , partially offset by a lower net loan loss reserve release .", "net credit losses declined 86% ( 86 % ) to $ 21 million , primarily reflecting the impact of ongoing divestiture activity and the continued wind-down of the north america mortgage portfolio .", "the net reserve release declined by $ 96 million to $ 221 million , and reflected the continued wind-down of the legacy north america mortgage portfolio and divestitures .", "2017 vs .", "2016 the net loss was $ 19.7 billion , compared to net income of $ 521 million in the prior year , primarily driven by the one-time impact of tax reform .", "excluding the one-time impact of tax reform , net income declined 69% ( 69 % ) to $ 168 million , reflecting lower revenues , partially offset by lower expenses and lower cost of credit .", "revenues declined 40% ( 40 % ) , primarily reflecting the continued wind-down of legacy assets and the absence of gains related to debt buybacks in 2016 .", "revenues included approximately $ 750 million in gains on asset sales in the first quarter of 2017 , which more than offset a roughly $ 300 million charge related to the exit of citi 2019s u.s .", "mortgage servicing operations in the quarter .", "expenses declined 24% ( 24 % ) , reflecting the wind-down of legacy assets and lower legal expenses , partially offset by approximately $ 100 million in episodic expenses primarily related to the exit of the u.s .", "mortgage servicing operations .", "also included in expenses is an approximately $ 255 million provision for remediation costs related to a card act matter in 2017 .", "provisions decreased $ 244 million to a net benefit of $ 175 million , primarily due to lower net credit losses and a lower provision for benefits and claims , partially offset by a lower net loan loss reserve release .", "net credit losses declined 66% ( 66 % ) , primarily reflecting the impact of ongoing divestiture activity and the continued wind-down of the north america mortgage portfolio .", "the decline in the provision for benefits and claims was primarily due to lower insurance activity .", "the net reserve release declined $ 147 million , and reflected the continued wind-down of the legacy north america mortgage portfolio and divestitures. ." ]

[ [ "In millions of dollars", "2018", "2017", "2016", "% Change2018 vs. 2017", "% Change2017 vs. 2016" ], [ "Net interest revenue", "$2,254", "$2,000", "$3,045", "13%", "(34)%" ], [ "Non-interest revenue", "(171)", "1,132", "2,188", "NM", "(48)" ], [ "Total revenues, net of interest expense", "$2,083", "$3,132", "$5,233", "(33)%", "(40)%" ], [ "Total operating expenses", "$2,272", "$3,814", "$5,042", "(40)%", "(24)%" ], [ "Net credit losses", "$21", "$149", "$435", "(86)%", "(66)%" ], [ "Credit reserve build (release)", "(218)", "(317)", "(456)", "31", "30" ], [ "Provision (release) for unfunded lending commitments", "(3)", "—", "(8)", "—", "100" ], [ "Provision for benefits and claims", "(2)", "(7)", "98", "71", "NM" ], [ "Provisions for credit losses and for benefits and claims", "$(202)", "$(175)", "$69", "(15)", "NM" ], [ "Income (loss) from continuing operations before taxes", "$13", "$(507)", "$122", "NM", "NM" ], [ "Income taxes (benefits)", "(113)", "19,064", "(455)", "NM", "NM" ], [ "Income (loss) from continuing operations", "$126", "$(19,571)", "$577", "NM", "NM" ], [ "Income (loss) from discontinued operations, net of taxes", "(8)", "(111)", "(58)", "93", "(91)" ], [ "Net income (loss) before attribution of noncontrolling interests", "$118", "$(19,682)", "$519", "NM", "NM" ], [ "Noncontrolling interests", "11", "(6)", "(2)", "NM", "NM" ], [ "Net income (loss)", "$107", "$(19,676)", "$521", "NM", "NM" ] ]

[ [ "in millions of dollars", "2018", "2017", "2016", "% ( % ) change2018 vs . 2017", "% ( % ) change2017 vs . 2016" ], [ "net interest revenue", "$ 2254", "$ 2000", "$ 3045", "13% ( 13 % )", "( 34 ) % ( % )" ], [ "non-interest revenue", "-171 ( 171 )", "1132", "2188", "nm", "-48 ( 48 )" ], [ "total revenues net of interest expense", "$ 2083", "$ 3132", "$ 5233", "( 33 ) % ( % )", "( 40 ) % ( % )" ], [ "total operating expenses", "$ 2272", "$ 3814", "$ 5042", "( 40 ) % ( % )", "( 24 ) % ( % )" ], [ "net credit losses", "$ 21", "$ 149", "$ 435", "( 86 ) % ( % )", "( 66 ) % ( % )" ], [ "credit reserve build ( release )", "-218 ( 218 )", "-317 ( 317 )", "-456 ( 456 )", "31", "30" ], [ "provision ( release ) for unfunded lending commitments", "-3 ( 3 )", "2014", "-8 ( 8 )", "2014", "100" ], [ "provision for benefits and claims", "-2 ( 2 )", "-7 ( 7 )", "98", "71", "nm" ], [ "provisions for credit losses and for benefits and claims", "$ -202 ( 202 )", "$ -175 ( 175 )", "$ 69", "-15 ( 15 )", "nm" ], [ "income ( loss ) from continuing operations before taxes", "$ 13", "$ -507 ( 507 )", "$ 122", "nm", "nm" ], [ "income taxes ( benefits )", "-113 ( 113 )", "19064", "-455 ( 455 )", "nm", "nm" ], [ "income ( loss ) from continuing operations", "$ 126", "$ -19571 ( 19571 )", "$ 577", "nm", "nm" ], [ "income ( loss ) from discontinued operations net of taxes", "-8 ( 8 )", "-111 ( 111 )", "-58 ( 58 )", "93", "-91 ( 91 )" ], [ "net income ( loss ) before attribution of noncontrolling interests", "$ 118", "$ -19682 ( 19682 )", "$ 519", "nm", "nm" ], [ "noncontrolling interests", "11", "-6 ( 6 )", "-2 ( 2 )", "nm", "nm" ], [ "net income ( loss )", "$ 107", "$ -19676 ( 19676 )", "$ 521", "nm", "nm" ] ]

[]

[ "shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the sec , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing .", "the following graph shows a five year comparison of cumulative total shareowners 2019 returns for our class b common stock , the standard & poor 2019s 500 index , and the dow jones transportation average .", "the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2008 in the standard & poor 2019s 500 index , the dow jones transportation average , and our class b common stock. ." ]

[ "." ]

[ [ "", "12/31/2008", "12/31/2009", "12/31/2010", "12/31/2011", "12/31/2012", "12/31/2013" ], [ "United Parcel Service, Inc.", "$100.00", "$107.75", "$140.39", "$145.84", "$151.44", "$221.91" ], [ "Standard & Poor’s 500 Index", "$100.00", "$126.45", "$145.49", "$148.55", "$172.30", "$228.09" ], [ "Dow Jones Transportation Average", "$100.00", "$118.59", "$150.30", "$150.31", "$161.56", "$228.42" ] ]

[ [ "", "12/31/2008", "12/31/2009", "12/31/2010", "12/31/2011", "12/31/2012", "12/31/2013" ], [ "united parcel service inc .", "$ 100.00", "$ 107.75", "$ 140.39", "$ 145.84", "$ 151.44", "$ 221.91" ], [ "standard & poor 2019s 500 index", "$ 100.00", "$ 126.45", "$ 145.49", "$ 148.55", "$ 172.30", "$ 228.09" ], [ "dow jones transportation average", "$ 100.00", "$ 118.59", "$ 150.30", "$ 150.31", "$ 161.56", "$ 228.42" ] ]

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[ "freesheet paper were higher in russia , but lower in europe reflecting weak economic conditions and market demand .", "average sales price realizations for pulp decreased .", "lower input costs for wood and purchased fiber were partially offset by higher costs for energy , chemicals and packaging .", "freight costs were also higher .", "planned maintenance downtime costs were higher due to executing a significant once-every-ten-years maintenance outage plus the regularly scheduled 18-month outage at the saillat mill while outage costs in russia and poland were lower .", "manufacturing operating costs were favor- entering 2013 , sales volumes in the first quarter are expected to be seasonally weaker in russia , but about flat in europe .", "average sales price realizations for uncoated freesheet paper are expected to decrease in europe , but increase in russia .", "input costs should be higher in russia , especially for wood and energy , but be slightly lower in europe .", "no maintenance outages are scheduled for the first quarter .", "ind ian papers includes the results of andhra pradesh paper mills ( appm ) of which a 75% ( 75 % ) interest was acquired on october 14 , 2011 .", "net sales were $ 185 million in 2012 and $ 35 million in 2011 .", "operat- ing profits were a loss of $ 16 million in 2012 and a loss of $ 3 million in 2011 .", "asian pr int ing papers net sales were $ 85 mil- lion in 2012 , $ 75 million in 2011 and $ 80 million in 2010 .", "operating profits were improved from break- even in past years to $ 1 million in 2012 .", "u.s .", "pulp net sales were $ 725 million in 2012 compared with $ 725 million in 2011 and $ 715 million in 2010 .", "operating profits were a loss of $ 59 million in 2012 compared with gains of $ 87 million in 2011 and $ 107 million in 2010 .", "sales volumes in 2012 increased from 2011 primarily due to the start-up of pulp production at the franklin mill in the third quarter of 2012 .", "average sales price realizations were significantly lower for both fluff pulp and market pulp .", "input costs were lower , primarily for wood and energy .", "freight costs were slightly lower .", "mill operating costs were unfavorable primarily due to costs associated with the start-up of the franklin mill .", "planned maintenance downtime costs were lower .", "in the first quarter of 2013 , sales volumes are expected to be flat with the fourth quarter of 2012 .", "average sales price realizations are expected to improve reflecting the realization of sales price increases for paper and tissue pulp that were announced in the fourth quarter of 2012 .", "input costs should be flat .", "planned maintenance downtime costs should be about $ 9 million higher than in the fourth quarter of 2012 .", "manufacturing costs related to the franklin mill should be lower as we continue to improve operations .", "consumer packaging demand and pricing for consumer packaging prod- ucts correlate closely with consumer spending and general economic activity .", "in addition to prices and volumes , major factors affecting the profitability of consumer packaging are raw material and energy costs , freight costs , manufacturing efficiency and product mix .", "consumer packaging net sales in 2012 decreased 15% ( 15 % ) from 2011 and 7% ( 7 % ) from 2010 .", "operating profits increased 64% ( 64 % ) from 2011 and 29% ( 29 % ) from 2010 .", "net sales and operating profits include the shorewood business in 2011 and 2010 .", "exclud- ing asset impairment and other charges associated with the sale of the shorewood business , and facility closure costs , 2012 operating profits were 27% ( 27 % ) lower than in 2011 , but 23% ( 23 % ) higher than in 2010 .", "benefits from lower raw material costs ( $ 22 million ) , lower maintenance outage costs ( $ 5 million ) and other items ( $ 2 million ) were more than offset by lower sales price realizations and an unfavorable product mix ( $ 66 million ) , lower sales volumes and increased market-related downtime ( $ 22 million ) , and higher operating costs ( $ 40 million ) .", "in addition , operating profits in 2012 included a gain of $ 3 million related to the sale of the shorewood business while operating profits in 2011 included a $ 129 million fixed asset impairment charge for the north ameri- can shorewood business and $ 72 million for other charges associated with the sale of the shorewood business .", "consumer packaging ." ]

[ "north american consumer packaging net sales were $ 2.0 billion in 2012 compared with $ 2.5 billion in 2011 and $ 2.4 billion in 2010 .", "operating profits were $ 165 million ( $ 162 million excluding a gain related to the sale of the shorewood business ) in 2012 compared with $ 35 million ( $ 236 million excluding asset impairment and other charges asso- ciated with the sale of the shorewood business ) in 2011 and $ 97 million ( $ 105 million excluding facility closure costs ) in 2010 .", "coated paperboard sales volumes in 2012 were lower than in 2011 reflecting weaker market demand .", "average sales price realizations were lower , primar- ily for folding carton board .", "input costs for wood increased , but were partially offset by lower costs for chemicals and energy .", "planned maintenance down- time costs were slightly lower .", "market-related down- time was about 113000 tons in 2012 compared with about 38000 tons in 2011. ." ]

[ [ "In millions", "2012", "2011", "2010" ], [ "Sales", "$3,170", "$3,710", "$3,400" ], [ "Operating Profit", "268", "163", "207" ] ]

[ [ "in millions", "2012", "2011", "2010" ], [ "sales", "$ 3170", "$ 3710", "$ 3400" ], [ "operating profit", "268", "163", "207" ] ]

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[ "repatriated , the related u.s .", "tax liability may be reduced by any foreign income taxes paid on these earnings .", "as of november 30 , 2012 , the cumulative amount of earnings upon which u.s .", "income taxes have not been provided is approximately $ 2.9 billion .", "the unrecognized deferred tax liability for these earnings is approximately $ 0.8 billion .", "as of november 30 , 2012 , we have u.s .", "net operating loss carryforwards of approximately $ 33.7 million for federal and $ 77.7 million for state .", "we also have federal , state and foreign tax credit carryforwards of approximately $ 1.9 million , $ 18.0 million and $ 17.6 million , respectively .", "the net operating loss carryforward assets , federal tax credits and foreign tax credits will expire in various years from fiscal 2017 through 2032 .", "the state tax credit carryforwards can be carried forward indefinitely .", "the net operating loss carryforward assets and certain credits are subject to an annual limitation under internal revenue code section 382 , but are expected to be fully realized .", "in addition , we have been tracking certain deferred tax attributes of $ 45.0 million which have not been recorded in the financial statements pursuant to accounting standards related to stock-based compensation .", "these amounts are no longer included in our gross or net deferred tax assets .", "pursuant to these standards , the benefit of these deferred tax assets will be recorded to equity if and when they reduce taxes payable .", "as of november 30 , 2012 , a valuation allowance of $ 28.2 million has been established for certain deferred tax assets related to the impairment of investments and certain foreign assets .", "for fiscal 2012 , the total change in the valuation allowance was $ 23.0 million , of which $ 2.1 million was recorded as a tax benefit through the income statement .", "accounting for uncertainty in income taxes during fiscal 2012 and 2011 , our aggregate changes in our total gross amount of unrecognized tax benefits are summarized as follows ( in thousands ) : ." ]

[ "as of november 30 , 2012 , the combined amount of accrued interest and penalties related to tax positions taken on our tax returns and included in non-current income taxes payable was approximately $ 12.5 million .", "we file income tax returns in the u.s .", "on a federal basis and in many u.s .", "state and foreign jurisdictions .", "we are subject to the continual examination of our income tax returns by the irs and other domestic and foreign tax authorities .", "our major tax jurisdictions are the u.s. , ireland and california .", "for california , ireland and the u.s. , the earliest fiscal years open for examination are 2005 , 2006 and 2008 , respectively .", "we regularly assess the likelihood of outcomes resulting from these examinations to determine the adequacy of our provision for income taxes and have reserved for potential adjustments that may result from the current examinations .", "we believe such estimates to be reasonable ; however , there can be no assurance that the final determination of any of these examinations will not have an adverse effect on our operating results and financial position .", "in august 2011 , a canadian income tax examination covering our fiscal years 2005 through 2008 was completed .", "our accrued tax and interest related to these years was approximately $ 35 million and was previously reported in long-term income taxes payable .", "we reclassified approximately $ 17 million to short-term income taxes payable and decreased deferred tax assets by approximately $ 18 million in conjunction with the aforementioned resolution .", "the timing of the resolution of income tax examinations is highly uncertain as are the amounts and timing of tax payments that are part of any audit settlement process .", "these events could cause large fluctuations in the balance sheet classification of current and non-current assets and liabilities .", "the company believes that before the end of fiscal 2013 , it is reasonably possible table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) ." ]

[ [ "", "2012", "2011" ], [ "Beginning balance", "$163,607", "$156,925" ], [ "Gross increases in unrecognized tax benefits – prior year tax positions", "1,038", "11,901" ], [ "Gross decreases in unrecognized tax benefits – prior year tax positions", "—", "(4,154)" ], [ "Gross increases in unrecognized tax benefits – current year tax positions", "23,771", "32,420" ], [ "Settlements with taxing authorities", "(1,754)", "(29,101)" ], [ "Lapse of statute of limitations", "(25,387)", "(3,825)" ], [ "Foreign exchange gains and losses", "(807)", "(559)" ], [ "Ending balance", "$160,468", "$163,607" ] ]

[ [ "", "2012", "2011" ], [ "beginning balance", "$ 163607", "$ 156925" ], [ "gross increases in unrecognized tax benefits 2013 prior year tax positions", "1038", "11901" ], [ "gross decreases in unrecognized tax benefits 2013 prior year tax positions", "2014", "-4154 ( 4154 )" ], [ "gross increases in unrecognized tax benefits 2013 current year tax positions", "23771", "32420" ], [ "settlements with taxing authorities", "-1754 ( 1754 )", "-29101 ( 29101 )" ], [ "lapse of statute of limitations", "-25387 ( 25387 )", "-3825 ( 3825 )" ], [ "foreign exchange gains and losses", "-807 ( 807 )", "-559 ( 559 )" ], [ "ending balance", "$ 160468", "$ 163607" ] ]

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[ "other taxes decreased in 2001 because its utility operations in virginia became subject to state income taxes in lieu of gross receipts taxes effective january 2001 .", "in addition , dominion recognized higher effective rates for foreign earnings and higher pretax income in relation to non-conventional fuel tax credits realized .", "dominion energy 2002 2001 2000 ( millions , except per share amounts ) ." ]

[ "* amounts presented are for electricity supplied by utility and merchant generation operations .", "operating results 2014 2002 dominion energy contributed $ 2.72 per diluted share on net income of $ 770 million for 2002 , a net income increase of $ 47 million and an earnings per share decrease of $ 0.14 over 2001 .", "net income for 2002 reflected lower operating revenue ( $ 204 million ) , operating expenses ( $ 229 million ) and other income ( $ 27 million ) .", "interest expense and income taxes , which are discussed on a consolidated basis , decreased $ 50 million over 2001 .", "the earnings per share decrease reflected share dilution .", "regulated electric sales revenue increased $ 179 million .", "favorable weather conditions , reflecting increased cooling and heating degree-days , as well as customer growth , are estimated to have contributed $ 133 million and $ 41 million , respectively .", "fuel rate recoveries increased approximately $ 65 million for 2002 .", "these recoveries are generally offset by increases in elec- tric fuel expense and do not materially affect income .", "partially offsetting these increases was a net decrease of $ 60 million due to other factors not separately measurable , such as the impact of economic conditions on customer usage , as well as variations in seasonal rate premiums and discounts .", "nonregulated electric sales revenue increased $ 9 million .", "sales revenue from dominion 2019s merchant generation fleet decreased $ 21 million , reflecting a $ 201 million decline due to lower prices partially offset by sales from assets acquired and constructed in 2002 and the inclusion of millstone operations for all of 2002 .", "revenue from the wholesale marketing of utility generation decreased $ 74 million .", "due to the higher demand of utility service territory customers during 2002 , less production from utility plant generation was available for profitable sale in the wholesale market .", "revenue from retail energy sales increased $ 71 million , reflecting primarily customer growth over the prior year .", "net revenue from dominion 2019s electric trading activities increased $ 33 million , reflecting the effect of favorable price changes on unsettled contracts and higher trading margins .", "nonregulated gas sales revenue decreased $ 351 million .", "the decrease included a $ 239 million decrease in sales by dominion 2019s field services and retail energy marketing opera- tions , reflecting to a large extent declining prices .", "revenue associated with gas trading operations , net of related cost of sales , decreased $ 112 million .", "the decrease included $ 70 mil- lion of realized and unrealized losses on the economic hedges of natural gas production by the dominion exploration & pro- duction segment .", "as described below under selected information 2014 energy trading activities , sales of natural gas by the dominion exploration & production segment at market prices offset these financial losses , resulting in a range of prices contemplated by dominion 2019s overall risk management strategy .", "the remaining $ 42 million decrease was due to unfavorable price changes on unsettled contracts and lower overall trading margins .", "those losses were partially offset by contributions from higher trading volumes in gas and oil markets .", "gas transportation and storage revenue decreased $ 44 million , primarily reflecting lower rates .", "electric fuel and energy purchases expense increased $ 94 million which included an increase of $ 66 million associated with dominion 2019s energy marketing operations that are not sub- ject to cost-based rate regulation and an increase of $ 28 million associated with utility operations .", "substantially all of the increase associated with non-regulated energy marketing opera- tions related to higher volumes purchased during the year .", "for utility operations , energy costs increased $ 66 million for pur- chases subject to rate recovery , partially offset by a $ 38 million decrease in fuel expenses associated with lower wholesale mar- keting of utility plant generation .", "purchased gas expense decreased $ 245 million associated with dominion 2019s field services and retail energy marketing oper- ations .", "this decrease reflected approximately $ 162 million asso- ciated with declining prices and $ 83 million associated with lower purchased volumes .", "liquids , pipeline capacity and other purchases decreased $ 64 million , primarily reflecting comparably lower levels of rate recoveries of certain costs of transmission operations in the cur- rent year period .", "the difference between actual expenses and amounts recovered in the period are deferred pending future rate adjustments .", "other operations and maintenance expense decreased $ 14 million , primarily reflecting an $ 18 million decrease in outage costs due to fewer generation unit outages in the current year .", "depreciation expense decreased $ 11 million , reflecting decreases in depreciation associated with changes in the esti- mated useful lives of certain electric generation property , par- tially offset by increased depreciation associated with state line and millstone operations .", "other income decreased $ 27 million , including a $ 14 mil- lion decrease in net realized investment gains in the millstone 37d o m i n i o n 2019 0 2 a n n u a l r e p o r t ." ]

[ [ "(millions, except pershare amounts)", "2002", "2001", "2000" ], [ "Operating revenue", "$5,940", "$6,144", "$4,894" ], [ "Operating expenses", "4,520", "4,749", "3,939" ], [ "Net income contribution", "770", "723", "489" ], [ "Earnings per share contribution", "$2.72", "$2.86", "$2.07" ], [ "Electricity supplied* (million mwhrs)", "101", "95", "83" ], [ "Gas transmission throughput (bcf)", "597", "553", "567" ] ]

[ [ "( millions except pershare amounts )", "2002", "2001", "2000" ], [ "operating revenue", "$ 5940", "$ 6144", "$ 4894" ], [ "operating expenses", "4520", "4749", "3939" ], [ "net income contribution", "770", "723", "489" ], [ "earnings per share contribution", "$ 2.72", "$ 2.86", "$ 2.07" ], [ "electricity supplied* ( million mwhrs )", "101", "95", "83" ], [ "gas transmission throughput ( bcf )", "597", "553", "567" ] ]

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[ "the discount rate used to measure pension obligations is determined by comparing the expected future benefits that will be paid under the plan with yields available on high quality corporate bonds of similar duration .", "the impact on pension expense of a .5% ( .5 % ) decrease in discount rate in the current environment is an increase of $ 18 million per year .", "this sensitivity depends on the economic environment and amount of unrecognized actuarial gains or losses on the measurement date .", "the expected long-term return on assets assumption also has a significant effect on pension expense .", "the expected return on plan assets is a long-term assumption established by considering historical and anticipated returns of the asset classes invested in by the pension plan and the asset allocation policy currently in place .", "for purposes of setting and reviewing this assumption , 201clong term 201d refers to the period over which the plan 2019s projected benefit obligations will be disbursed .", "we review this assumption at each measurement date and adjust it if warranted .", "our selection process references certain historical data and the current environment , but primarily utilizes qualitative judgment regarding future return expectations .", "to evaluate the continued reasonableness of our assumption , we examine a variety of viewpoints and data .", "various studies have shown that portfolios comprised primarily of u.s .", "equity securities have historically returned approximately 9% ( 9 % ) annually over long periods of time , while u.s .", "debt securities have returned approximately 6% ( 6 % ) annually over long periods .", "application of these historical returns to the plan 2019s allocation ranges for equities and bonds produces a result between 6.50% ( 6.50 % ) and 7.25% ( 7.25 % ) and is one point of reference , among many other factors , that is taken into consideration .", "we also examine the plan 2019s actual historical returns over various periods and consider the current economic environment .", "recent experience is considered in our evaluation with appropriate consideration that , especially for short time periods , recent returns are not reliable indicators of future returns .", "while annual returns can vary significantly ( actual returns for 2014 , 2013 and 2012 were +6.50% ( +6.50 % ) , +15.48% ( +15.48 % ) , and +15.29% ( +15.29 % ) , respectively ) , the selected assumption represents our estimated long-term average prospective returns .", "acknowledging the potentially wide range for this assumption , we also annually examine the assumption used by other companies with similar pension investment strategies , so that we can ascertain whether our determinations markedly differ from others .", "in all cases , however , this data simply informs our process , which places the greatest emphasis on our qualitative judgment of future investment returns , given the conditions existing at each annual measurement date .", "taking into consideration all of these factors , the expected long-term return on plan assets for determining net periodic pension cost for 2014 was 7.00% ( 7.00 % ) , down from 7.50% ( 7.50 % ) for 2013 .", "after considering the views of both internal and external capital market advisors , particularly with regard to the effects of the recent economic environment on long-term prospective fixed income returns , we are reducing our expected long-term return on assets to 6.75% ( 6.75 % ) for determining pension cost for under current accounting rules , the difference between expected long-term returns and actual returns is accumulated and amortized to pension expense over future periods .", "each one percentage point difference in actual return compared with our expected return can cause expense in subsequent years to increase or decrease by up to $ 9 million as the impact is amortized into results of operations .", "we currently estimate pretax pension expense of $ 9 million in 2015 compared with pretax income of $ 7 million in 2014 .", "this year-over-year expected increase in expense reflects the effects of the lower expected return on asset assumption , improved mortality , and the lower discount rate required to be used in 2015 .", "these factors will be partially offset by the favorable impact of the increase in plan assets at december 31 , 2014 and the assumed return on a $ 200 million voluntary contribution to the plan made in february 2015 .", "the table below reflects the estimated effects on pension expense of certain changes in annual assumptions , using 2015 estimated expense as a baseline .", "table 26 : pension expense 2013 sensitivity analysis change in assumption ( a ) estimated increase/ ( decrease ) to 2015 pension expense ( in millions ) ." ]

[ "( a ) the impact is the effect of changing the specified assumption while holding all other assumptions constant .", "our pension plan contribution requirements are not particularly sensitive to actuarial assumptions .", "investment performance has the most impact on contribution requirements and will drive the amount of required contributions in future years .", "also , current law , including the provisions of the pension protection act of 2006 , sets limits as to both minimum and maximum contributions to the plan .", "notwithstanding the voluntary contribution made in february 2015 noted above , we do not expect to be required to make any contributions to the plan during 2015 .", "we maintain other defined benefit plans that have a less significant effect on financial results , including various nonqualified supplemental retirement plans for certain employees , which are described more fully in note 13 employee benefit plans in the notes to consolidated financial statements in item 8 of this report .", "66 the pnc financial services group , inc .", "2013 form 10-k ." ]

[ [ "Change in Assumption (a)", "EstimatedIncrease/(Decrease)to 2015PensionExpense(In millions)" ], [ ".5% decrease in discount rate", "$18" ], [ ".5% decrease in expected long-term return on assets", "$22" ], [ ".5% increase in compensation rate", "$2" ] ]

[ [ "change in assumption ( a )", "estimatedincrease/ ( decrease ) to 2015pensionexpense ( in millions )" ], [ ".5% ( .5 % ) decrease in discount rate", "$ 18" ], [ ".5% ( .5 % ) decrease in expected long-term return on assets", "$ 22" ], [ ".5% ( .5 % ) increase in compensation rate", "$ 2" ] ]

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[ "part ii , item 8 fourth quarter of 2007 : 0160 schlumberger sold certain workover rigs for $ 32 million , resulting in a pretax gain of $ 24 million ( $ 17 million after-tax ) which is classified in interest and other income , net in the consolidated statement of income .", "4 .", "acquisitions acquisition of eastern echo holding plc on december 10 , 2007 , schlumberger completed the acquisition of eastern echo holding plc ( 201ceastern echo 201d ) for $ 838 million in cash .", "eastern echo was a dubai-based marine seismic company that did not have any operations at the time of acquisition , but had signed contracts for the construction of six seismic vessels .", "the purchase price has been allocated to the net assets acquired based upon their estimated fair values as follows : ( stated in millions ) ." ]

[ "other acquisitions schlumberger has made other acquisitions and minority interest investments , none of which were significant on an individual basis , for cash payments , net of cash acquired , of $ 514 million during 2009 , $ 345 million during 2008 , and $ 281 million during 2007 .", "pro forma results pertaining to the above acquisitions are not presented as the impact was not significant .", "5 .", "drilling fluids joint venture the mi-swaco drilling fluids joint venture is owned 40% ( 40 % ) by schlumberger and 60% ( 60 % ) by smith international , inc .", "schlumberger records income relating to this venture using the equity method of accounting .", "the carrying value of schlumberger 2019s investment in the joint venture on december 31 , 2009 and 2008 was $ 1.4 billion and $ 1.3 billion , respectively , and is included within investments in affiliated companies on the consolidated balance sheet .", "schlumberger 2019s equity income from this joint venture was $ 131 million in 2009 , $ 210 million in 2008 and $ 178 million in 2007 .", "schlumberger received cash distributions from the joint venture of $ 106 million in 2009 , $ 57 million in 2008 and $ 46 million in 2007 .", "the joint venture agreement contains a provision under which either party to the joint venture may offer to sell its entire interest in the venture to the other party at a cash purchase price per percentage interest specified in an offer notice .", "if the offer to sell is not accepted , the offering party will be obligated to purchase the entire interest of the other party at the same price per percentage interest as the prices specified in the offer notice. ." ]

[ [ "Cash and short-term investments", "$266" ], [ "Other current assets", "23" ], [ "Fixed income investments, held to maturity", "54" ], [ "Vessels under construction", "694" ], [ "Accounts payable and accrued liabilities", "(17)" ], [ "Long-term debt", "(182)" ], [ "Total purchase price", "$838" ] ]

[ [ "cash and short-term investments", "$ 266" ], [ "other current assets", "23" ], [ "fixed income investments held to maturity", "54" ], [ "vessels under construction", "694" ], [ "accounts payable and accrued liabilities", "-17 ( 17 )" ], [ "long-term debt", "-182 ( 182 )" ], [ "total purchase price", "$ 838" ] ]

[ { "arg1": "182", "arg2": "17", "op": "add1-1", "res": "199" }, { "arg1": "838", "arg2": "#0", "op": "add1-2", "res": "1037" }, { "arg1": "#0", "arg2": "#1", "op": "divide1-3", "res": "0.19" } ]

[ "performance graph the performance graph below shows the five-year cumulative total stockholder return on applied common stock during the period from october 28 , 2007 through october 28 , 2012 .", "this is compared with the cumulative total return of the standard & poor 2019s 500 stock index and the rdg semiconductor composite index over the same period .", "the comparison assumes $ 100 was invested on october 28 , 2007 in applied common stock and in each of the foregoing indices and assumes reinvestment of dividends , if any .", "dollar amounts in the graph are rounded to the nearest whole dollar .", "the performance shown in the graph represents past performance and should not be considered an indication of future performance .", "comparison of 5 year cumulative total return* among applied materials , inc. , the s&p 500 index and the rdg semiconductor composite index * $ 100 invested on 10/28/07 in stock or 10/31/07 in index , including reinvestment of dividends .", "indexes calculated on month-end basis .", "copyright a9 2012 s&p , a division of the mcgraw-hill companies inc .", "all rights reserved. ." ]

[ "dividends during fiscal 2012 , applied 2019s board of directors declared three quarterly cash dividends in the amount of $ 0.09 per share each and one quarterly cash dividend in the amount of $ 0.08 per share .", "during fiscal 2011 , applied 2019s board of directors declared three quarterly cash dividends in the amount of $ 0.08 per share each and one quarterly cash dividend in the amount of $ 0.07 per share .", "during fiscal 2010 , applied 2019s board of directors declared three quarterly cash dividends in the amount of $ 0.07 per share each and one quarterly cash dividend in the amount of $ 0.06 .", "dividends declared during fiscal 2012 , 2011 and 2010 amounted to $ 438 million , $ 408 million and $ 361 million , respectively .", "applied currently anticipates that it will continue to pay cash dividends on a quarterly basis in the future , although the declaration and amount of any future cash dividends are at the discretion of the board of directors and will depend on applied 2019s financial condition , results of operations , capital requirements , business conditions and other factors , as well as a determination that cash dividends are in the best interests of applied 2019s stockholders .", "10/28/07 10/26/08 10/25/09 10/31/10 10/30/11 10/28/12 applied materials , inc .", "s&p 500 rdg semiconductor composite ." ]

[ [ "", "10/28/2007", "10/26/2008", "10/25/2009", "10/31/2010", "10/30/2011", "10/28/2012" ], [ "Applied Materials", "100.00", "61.22", "71.06", "69.23", "72.37", "62.92" ], [ "S&P 500 Index", "100.00", "63.90", "70.17", "81.76", "88.37", "101.81" ], [ "RDG Semiconductor Composite Index", "100.00", "54.74", "68.59", "84.46", "91.33", "82.37" ] ]

[ [ "", "10/28/2007", "10/26/2008", "10/25/2009", "10/31/2010", "10/30/2011", "10/28/2012" ], [ "applied materials", "100.00", "61.22", "71.06", "69.23", "72.37", "62.92" ], [ "s&p 500 index", "100.00", "63.90", "70.17", "81.76", "88.37", "101.81" ], [ "rdg semiconductor composite index", "100.00", "54.74", "68.59", "84.46", "91.33", "82.37" ] ]

[ { "arg1": "0.09", "arg2": "62.92", "op": "divide1-1", "res": "0.14%" }, { "arg1": "0.07", "arg2": "69.23", "op": "divide1-2", "res": "0.1%" }, { "arg1": "#0", "arg2": "#1", "op": "minus1-3", "res": "0.04%" } ]

[ "majority of the increased tax position is attributable to temporary differences .", "the increase in 2014 current period tax positions related primarily to the company 2019s change in tax accounting method filed in 2008 for repair and maintenance costs on its utility plant .", "the company does not anticipate material changes to its unrecognized tax benefits within the next year .", "if the company sustains all of its positions at december 31 , 2014 and 2013 , an unrecognized tax benefit of $ 9444 and $ 7439 , respectively , excluding interest and penalties , would impact the company 2019s effective tax rate .", "the following table summarizes the changes in the company 2019s valuation allowance: ." ]

[ "included in 2013 is a discrete tax benefit totaling $ 2979 associated with an entity re-organization within the company 2019s market-based operations segment that allowed for the utilization of state net operating loss carryforwards and the release of an associated valuation allowance .", "note 13 : employee benefits pension and other postretirement benefits the company maintains noncontributory defined benefit pension plans covering eligible employees of its regulated utility and shared services operations .", "benefits under the plans are based on the employee 2019s years of service and compensation .", "the pension plans have been closed for all employees .", "the pension plans were closed for most employees hired on or after january 1 , 2006 .", "union employees hired on or after january 1 , 2001 had their accrued benefit frozen and will be able to receive this benefit as a lump sum upon termination or retirement .", "union employees hired on or after january 1 , 2001 and non-union employees hired on or after january 1 , 2006 are provided with a 5.25% ( 5.25 % ) of base pay defined contribution plan .", "the company does not participate in a multiemployer plan .", "the company 2019s pension funding practice is to contribute at least the greater of the minimum amount required by the employee retirement income security act of 1974 or the normal cost .", "further , the company will consider additional contributions if needed to avoid 201cat risk 201d status and benefit restrictions under the pension protection act of 2006 .", "the company may also consider increased contributions , based on other financial requirements and the plans 2019 funded position .", "pension plan assets are invested in a number of actively managed and commingled funds including equity and bond funds , fixed income securities , guaranteed interest contracts with insurance companies , real estate funds and real estate investment trusts ( 201creits 201d ) .", "pension expense in excess of the amount contributed to the pension plans is deferred by certain regulated subsidiaries pending future recovery in rates charged for utility services as contributions are made to the plans .", "( see note 6 ) the company also has unfunded noncontributory supplemental non-qualified pension plans that provide additional retirement benefits to certain employees. ." ]

[ [ "Balance at January 1, 2012", "$21,579" ], [ "Increases in current period tax positions", "—" ], [ "Decreases in current period tax positions", "(2,059)" ], [ "Balance at December 31, 2012", "$19,520" ], [ "Increases in current period tax positions", "—" ], [ "Decreases in current period tax positions", "(5,965)" ], [ "Balance at December 31, 2013", "$13,555" ], [ "Increases in current period tax positions", "—" ], [ "Decreases in current period tax positions", "(3,176)" ], [ "Balance at December 31, 2014", "$10,379" ] ]

[ [ "balance at january 1 2012", "$ 21579" ], [ "increases in current period tax positions", "2014" ], [ "decreases in current period tax positions", "-2059 ( 2059 )" ], [ "balance at december 31 2012", "$ 19520" ], [ "increases in current period tax positions", "2014" ], [ "decreases in current period tax positions", "-5965 ( 5965 )" ], [ "balance at december 31 2013", "$ 13555" ], [ "increases in current period tax positions", "2014" ], [ "decreases in current period tax positions", "-3176 ( 3176 )" ], [ "balance at december 31 2014", "$ 10379" ] ]

[ { "arg1": "10379", "arg2": "21579", "op": "minus2-1", "res": "-11200" }, { "arg1": "#0", "arg2": "21579", "op": "divide2-2", "res": "-51.9%" } ]

[ "domestic utility companies and system energy notes to respective financial statements derived from another portion of the entity that continues to apply sfas 71 should not be written off ; rather , they should be considered regulatory assets of the segment that will continue to apply sfas 71 .", "see note 2 to the domestic utility companies and system energy financial statements for discussion of transition to competition activity in the retail regulatory jurisdictions served by the domestic utility companies .", "only texas currently has an enacted retail open access law , but entergy believes that significant issues remain to be addressed by regulators , and the enacted law does not provide sufficient detail to reasonably determine the impact on entergy gulf states' regulated operations .", "cash and cash equivalents entergy considers all unrestricted highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents .", "investments with original maturities of more than three months are classified as other temporary investments on the balance sheet .", "investments entergy applies the provisions of sfas 115 , 201caccounting for investments for certain debt and equity securities , 201d in accounting for investments in decommissioning trust funds .", "as a result , entergy records the decommissioning trust funds at their fair value on the balance sheet .", "as of december 31 , 2002 and 2001 , the fair value of the securities held in such funds differs from the amounts deposited plus the earnings on the deposits by the following ( in millions ) : ." ]

[ "in accordance with the regulatory treatment for decommissioning trust funds , entergy arkansas , entergy gulf states ( for the regulated portion of river bend ) , and entergy louisiana have recorded an offsetting amount of unrealized gains/ ( losses ) on investment securities in accumulated depreciation .", "for the nonregulated portion of river bend , entergy gulf states has recorded an offsetting amount of unrealized gains/ ( losses ) in other deferred credits .", "system energy's offsetting amount of unrealized gains/ ( losses ) on investment securities is in other regulatory liabilities .", "derivatives and hedging entergy implemented sfas 133 , 201caccounting for derivative instruments and hedging activities 201d on january 1 , 2001 .", "the statement requires that all derivatives be recognized in the balance sheet , either as assets or liabilities , at fair value .", "the changes in the fair value of derivatives are recorded each period in current earnings or other comprehensive income , depending on whether a derivative is designated as part of a hedge transaction and , if it is , the type of hedge transaction .", "for cash-flow hedge transactions in which entergy is hedging the variability of cash flows related to a variable-rate asset , liability , or forecasted transaction , changes in the fair value of the derivative instrument are reported in other comprehensive income .", "the gains and losses on the derivative instrument that are reported in other comprehensive income are reclassified as earnings in the periods in which earnings are impacted by the variability of the cash flows of the hedged item .", "the ineffective portions of all hedges are recognized in current- period earnings .", "contracts for commodities that will be delivered in quantities expected to be used or sold in the ordinary course of business , including certain purchases and sales of power and fuel , are not classified as derivatives. ." ]

[ [ "", "2002", "2001" ], [ "Entergy Arkansas", "$35.3", "$69.8" ], [ "Entergy Gulf States", "$1.4", "$18.5" ], [ "Entergy Louisiana", "($0.3\t)", "$8.2" ], [ "System Energy", "($14.5\t)", "($1.6\t)" ] ]

[ [ "", "2002", "2001" ], [ "entergy arkansas", "$ 35.3", "$ 69.8" ], [ "entergy gulf states", "$ 1.4", "$ 18.5" ], [ "entergy louisiana", "( $ 0.3 )", "$ 8.2" ], [ "system energy", "( $ 14.5 )", "( $ 1.6 )" ] ]

[]

[ "operating expenses millions 2012 2011 2010 % ( % ) change 2012 v 2011 % ( % ) change 2011 v 2010 ." ]

[ "operating expenses increased $ 348 million in 2012 versus 2011 .", "depreciation , wage and benefit inflation , higher fuel prices and volume- related trucking services purchased by our logistics subsidiaries , contributed to higher expenses during the year .", "efficiency gains , volume related fuel savings ( 2% ( 2 % ) fewer gallons of fuel consumed ) and $ 38 million of weather related expenses in 2011 , which favorably affects the comparison , partially offset the cost increase .", "operating expenses increased $ 1.8 billion in 2011 versus 2010 .", "our fuel price per gallon rose 36% ( 36 % ) during 2011 , accounting for $ 922 million of the increase .", "wage and benefit inflation , volume-related costs , depreciation , and property taxes also contributed to higher expenses .", "expenses increased $ 20 million for costs related to the flooding in the midwest and $ 18 million due to the impact of severe heat and drought in the south , primarily texas .", "cost savings from productivity improvements and better resource utilization partially offset these increases .", "a $ 45 million one-time payment relating to a transaction with csx intermodal , inc ( csxi ) increased operating expenses during the first quarter of 2010 , which favorably affects the comparison of operating expenses in 2011 to those in 2010 .", "compensation and benefits 2013 compensation and benefits include wages , payroll taxes , health and welfare costs , pension costs , other postretirement benefits , and incentive costs .", "expenses in 2012 were essentially flat versus 2011 as operational improvements and cost reductions offset general wage and benefit inflation and higher pension and other postretirement benefits .", "in addition , weather related costs increased these expenses in 2011 .", "a combination of general wage and benefit inflation , volume-related expenses , higher training costs associated with new hires , additional crew costs due to speed restrictions caused by the midwest flooding and heat and drought in the south , and higher pension expense drove the increase during 2011 compared to 2010 .", "fuel 2013 fuel includes locomotive fuel and gasoline for highway and non-highway vehicles and heavy equipment .", "higher locomotive diesel fuel prices , which averaged $ 3.22 per gallon ( including taxes and transportation costs ) in 2012 , compared to $ 3.12 in 2011 , increased expenses by $ 105 million .", "volume , as measured by gross ton-miles , decreased 2% ( 2 % ) in 2012 versus 2011 , driving expense down .", "the fuel consumption rate was flat year-over-year .", "higher locomotive diesel fuel prices , which averaged $ 3.12 ( including taxes and transportation costs ) in 2011 , compared to $ 2.29 per gallon in 2010 , increased expenses by $ 922 million .", "in addition , higher gasoline prices for highway and non-highway vehicles also increased year-over-year .", "volume , as measured by gross ton-miles , increased 5% ( 5 % ) in 2011 versus 2010 , driving expense up by $ 122 million .", "purchased services and materials 2013 expense for purchased services and materials includes the costs of services purchased from outside contractors and other service providers ( including equipment 2012 operating expenses ." ]

[ [ "<i>Millions</i>", "<i>2012</i>", "<i>2011</i>", "<i>2010</i>", "<i>% Change 2012 v 2011</i>", "<i>% Change 2011 v 2010</i>" ], [ "Compensation and benefits", "$4,685", "$4,681", "$4,314", "-%", "9%" ], [ "Fuel", "3,608", "3,581", "2,486", "1", "44" ], [ "Purchased services and materials", "2,143", "2,005", "1,836", "7", "9" ], [ "Depreciation", "1,760", "1,617", "1,487", "9", "9" ], [ "Equipment and other rents", "1,197", "1,167", "1,142", "3", "2" ], [ "Other", "788", "782", "719", "1", "9" ], [ "Total", "$14,181", "$13,833", "$11,984", "3%", "15%" ] ]

[ [ "millions", "2012", "2011", "2010", "% ( % ) change 2012 v 2011", "% ( % ) change 2011 v 2010" ], [ "compensation and benefits", "$ 4685", "$ 4681", "$ 4314", "-% ( - % )", "9% ( 9 % )" ], [ "fuel", "3608", "3581", "2486", "1", "44" ], [ "purchased services and materials", "2143", "2005", "1836", "7", "9" ], [ "depreciation", "1760", "1617", "1487", "9", "9" ], [ "equipment and other rents", "1197", "1167", "1142", "3", "2" ], [ "other", "788", "782", "719", "1", "9" ], [ "total", "$ 14181", "$ 13833", "$ 11984", "3% ( 3 % )", "15% ( 15 % )" ] ]

[]

[ "10-k altria ar release tuesday , february 27 , 2018 10:00pm andra design llc performance stock units : in january 2017 , altria group , inc .", "granted an aggregate of 187886 performance stock units to eligible employees .", "the payout of the performance stock units requires the achievement of certain performance measures , which were predetermined at the time of grant , over a three-year performance cycle .", "these performance measures consist of altria group , inc . 2019s adjusted diluted earnings per share ( 201ceps 201d ) compounded annual growth rate and altria group , inc . 2019s total shareholder return relative to a predetermined peer group .", "the performance stock units are also subject to forfeiture if certain employment conditions are not met .", "at december 31 , 2017 , altria group , inc .", "had 170755 performance stock units remaining , with a weighted-average grant date fair value of $ 70.39 per performance stock unit .", "the fair value of the performance stock units at the date of grant , net of estimated forfeitures , is amortized to expense over the performance period .", "altria group , inc .", "recorded pre-tax compensation expense related to performance stock units for the year ended december 31 , 2017 of $ 6 million .", "the unamortized compensation expense related to altria group , inc . 2019s performance stock units was $ 7 million at december 31 , 2017 .", "altria group , inc .", "did not grant any performance stock units during 2016 and 2015 .", "note 12 .", "earnings per share basic and diluted eps were calculated using the following: ." ]

[ "net earnings attributable to altria group , inc .", "$ 10222 $ 14239 $ 5241 less : distributed and undistributed earnings attributable to share-based awards ( 14 ) ( 24 ) ( 10 ) earnings for basic and diluted eps $ 10208 $ 14215 $ 5231 weighted-average shares for basic and diluted eps 1921 1952 1961 ." ]

[ [ "", "For the Years Ended December 31," ], [ "(in millions)", "2017", "2016", "2015" ], [ "Net earnings attributable to Altria Group, Inc.", "$10,222", "$14,239", "$5,241" ], [ "Less: Distributed and undistributed earnings attributable to share-based awards", "(14)", "(24)", "(10)" ], [ "Earnings for basic and diluted EPS", "$10,208", "$14,215", "$5,231" ], [ "Weighted-average shares for basic and diluted EPS", "1,921", "1,952", "1,961" ] ]

[ [ "( in millions )", "for the years ended december 31 , 2017", "for the years ended december 31 , 2016", "for the years ended december 31 , 2015" ], [ "net earnings attributable to altria group inc .", "$ 10222", "$ 14239", "$ 5241" ], [ "less : distributed and undistributed earnings attributable to share-based awards", "-14 ( 14 )", "-24 ( 24 )", "-10 ( 10 )" ], [ "earnings for basic and diluted eps", "$ 10208", "$ 14215", "$ 5231" ], [ "weighted-average shares for basic and diluted eps", "1921", "1952", "1961" ] ]

[ { "arg1": "14215", "arg2": "10208", "op": "minus2-1", "res": "4007" }, { "arg1": "#0", "arg2": "10208", "op": "divide2-2", "res": "39.3%" } ]

[ "interest expense ." ]

[ "2014 vs .", "2013 interest incurred decreased $ 9.5 .", "the decrease was primarily due to a lower average interest rate on the debt portfolio which reduced interest by $ 13 , partially offset by a higher average debt balance which increased interest by $ 6 .", "the change in capitalized interest was driven by a higher carrying value in construction in progress .", "2013 vs .", "2012 interest incurred increased $ 13.7 .", "the increase was driven primarily by a higher average debt balance for $ 41 , partially offset by a lower average interest rate on the debt portfolio of $ 24 .", "the change in capitalized interest was driven by a decrease in project spending and a lower average interest rate .", "effective tax rate the effective tax rate equals the income tax provision divided by income from continuing operations before taxes .", "refer to note 22 , income taxes , to the consolidated financial statements for details on factors affecting the effective tax rate .", "2014 vs .", "2013 on a gaap basis , the effective tax rate was 27.0% ( 27.0 % ) and 22.8% ( 22.8 % ) in 2014 and 2013 , respectively .", "the effective tax rate was higher in the current year primarily due to the goodwill impairment charge of $ 305.2 , which was not deductible for tax purposes , and the chilean tax reform enacted in september 2014 which increased income tax expense by $ 20.6 .", "these impacts were partially offset by an income tax benefit of $ 51.6 associated with losses from transactions and a tax election in a non-u.s .", "subsidiary .", "the prior year rate included income tax benefits of $ 73.7 related to the business restructuring and cost reduction plans and $ 3.7 for the advisory costs .", "refer to note 4 , business restructuring and cost reduction actions ; note 9 , goodwill ; note 22 , income taxes ; and note 23 , supplemental information , to the consolidated financial statements for details on these transactions .", "on a non-gaap basis , the effective tax rate was 24.0% ( 24.0 % ) and 24.2% ( 24.2 % ) in 2014 and 2013 , respectively .", "2013 vs .", "2012 on a gaap basis , the effective tax rate was 22.8% ( 22.8 % ) and 21.9% ( 21.9 % ) in 2013 and 2012 , respectively .", "the effective rate in 2013 includes income tax benefits of $ 73.7 related to the business restructuring and cost reduction plans and $ 3.7 for the advisory costs .", "the effective rate in 2012 includes income tax benefits of $ 105.0 related to the business restructuring and cost reduction plans , $ 58.3 related to the second quarter spanish tax ruling , and $ 3.7 related to the customer bankruptcy charge , offset by income tax expense of $ 43.8 related to the first quarter spanish tax settlement and $ 31.3 related to the gain on the previously held equity interest in da nanomaterials .", "refer to note 4 , business restructuring and cost reduction actions ; note 5 , business combinations ; note 22 , income taxes ; and note 23 , supplemental information , to the consolidated financial statements for details on these transactions .", "on a non-gaap basis , the effective tax rate was 24.2% ( 24.2 % ) in both 2013 and 2012 .", "discontinued operations during the second quarter of 2012 , the board of directors authorized the sale of our homecare business , which had previously been reported as part of the merchant gases operating segment .", "in 2012 , we sold the majority of our homecare business to the linde group for sale proceeds of 20ac590 million ( $ 777 ) and recognized a gain of $ 207.4 ( $ 150.3 after-tax , or $ .70 per share ) .", "in addition , an impairment charge of $ 33.5 ( $ 29.5 after-tax , or $ .14 per share ) was recorded to write down the remaining business , which was primarily in the united kingdom and ireland , to its estimated net realizable value .", "in 2013 , we recorded an additional charge of $ 18.7 ( $ 13.6 after-tax , or $ .06 per share ) to update our estimate of the net realizable value .", "in 2014 , a gain of $ 3.9 was recognized for the sale of the remaining homecare business and settlement of contingencies on the sale to the linde group .", "refer to note 3 , discontinued operations , to the consolidated financial statements for additional details on this business. ." ]

[ [ "", "2014", "2013", "2012" ], [ "Interest incurred", "$158.1", "$167.6", "$153.9" ], [ "Less: Capitalized interest", "33.0", "25.8", "30.2" ], [ "Interest Expense", "$125.1", "$141.8", "$123.7" ] ]

[ [ "", "2014", "2013", "2012" ], [ "interest incurred", "$ 158.1", "$ 167.6", "$ 153.9" ], [ "less : capitalized interest", "33.0", "25.8", "30.2" ], [ "interest expense", "$ 125.1", "$ 141.8", "$ 123.7" ] ]

[ { "arg1": "141.8", "arg2": "123.7", "op": "divide1-1", "res": "1.1463" }, { "arg1": "#0", "arg2": "const_1", "op": "minus1-2", "res": "14.63%" } ]

[ "restricted unit awards in 2010 and 2009 , the hartford issued restricted units as part of the hartford 2019s 2005 stock plan .", "restricted stock unit awards under the plan have historically been settled in shares , but under this award will be settled in cash and are thus referred to as 201crestricted units 201d .", "the economic value recipients will ultimately realize will be identical to the value that would have been realized if the awards had been settled in shares , i.e. , upon settlement , recipients will receive cash equal to the hartford 2019s share price multiplied by the number of restricted units awarded .", "because restricted units will be settled in cash , the awards are remeasured at the end of each reporting period until settlement .", "awards granted in 2009 vested after a three year period .", "awards granted in 2010 include both graded and cliff vesting restricted units which vest over a three year period .", "the graded vesting attribution method is used to recognize the expense of the award over the requisite service period .", "for example , the graded vesting attribution method views one three-year grant with annual graded vesting as three separate sub-grants , each representing one third of the total number of awards granted .", "the first sub-grant vests over one year , the second sub-grant vests over two years and the third sub-grant vests over three years .", "there were no restricted units awarded for 2013 or 2012 .", "as of december 31 , 2013 and 2012 , 27 thousand and 832 thousand restricted units were outstanding , respectively .", "deferred stock unit plan effective july 31 , 2009 , the compensation and management development committee of the board authorized the hartford deferred stock unit plan ( 201cdeferred stock unit plan 201d ) , and , on october 22 , 2009 , it was amended .", "the deferred stock unit plan provides for contractual rights to receive cash payments based on the value of a specified number of shares of stock .", "the deferred stock unit plan provides for two award types , deferred units and restricted units .", "deferred units are earned ratably over a year , based on the number of regular pay periods occurring during such year .", "deferred units are credited to the participant's account on a quarterly basis based on the market price of the company 2019s common stock on the date of grant and are fully vested at all times .", "deferred units credited to employees prior to january 1 , 2010 ( other than senior executive officers hired on or after october 1 , 2009 ) are not paid until after two years from their grant date .", "deferred units credited on or after january 1 , 2010 ( and any credited to senior executive officers hired on or after october 1 , 2009 ) are paid in three equal installments after the first , second and third anniversaries of their grant date .", "restricted units are intended to be incentive compensation and , unlike deferred units , vest over time , generally three years , and are subject to forfeiture .", "the deferred stock unit plan is structured consistent with the limitations and restrictions on employee compensation arrangements imposed by the emergency economic stabilization act of 2008 and the tarp standards for compensation and corporate governance interim final rule issued by the u.s .", "department of treasury on june 10 , 2009 .", "there were no deferred stock units awarded in 2013 or 2012 .", "a summary of the status of the company 2019s non-vested awards under the deferred stock unit plan as of december 31 , 2013 , is presented below : non-vested units restricted units ( in thousands ) weighted-average grant-date fair value ." ]

[ "subsidiary stock plan in 2013 the hartford established a subsidiary stock-based compensation plan similar to the hartford 2010 incentive stock plan except that it awards non-public subsidiary stock as compensation .", "the company recognized stock-based compensation plans expense of $ 1 in the year ended december 31 , 2013 for the subsidiary stock plan .", "upon employee vesting of subsidiary stock , the company will recognize a noncontrolling equity interest .", "employees will be restricted from selling vested subsidiary stock to other than the company and the company will have discretion on the amount of stock to repurchase .", "therefore the subsidiary stock will be classified as equity because it is not mandatorily redeemable .", "table of contents the hartford financial services group , inc .", "notes to consolidated financial statements ( continued ) 19 .", "stock compensation plans ( continued ) ." ]

[ [ "Non-vested Units", "Restricted Units (in thousands)", "Weighted-Average Grant-Date Fair Value" ], [ "Non-vested at beginning of year", "309", "25.08" ], [ "Granted", "—", "—" ], [ "Vested", "(306)", "25.04" ], [ "Forfeited", "(3)", "28.99" ], [ "Non-vested at end of year", "—", "$—" ] ]

[ [ "non-vested units", "restricted units ( in thousands )", "weighted-average grant-date fair value" ], [ "non-vested at beginning of year", "309", "25.08" ], [ "granted", "2014", "2014" ], [ "vested", "-306 ( 306 )", "25.04" ], [ "forfeited", "-3 ( 3 )", "28.99" ], [ "non-vested at end of year", "2014", "$ 2014" ] ]

[]

[ "2018 a0form 10-k18 item 7 .", "management 2019s discussion and analysis of financial condition and results of operations .", "this management 2019s discussion and analysis of financial condition and results of operations should be read in conjunction with our discussion of cautionary statements and significant risks to the company 2019s business under item 1a .", "risk factors of the 2018 form a010-k .", "overview our sales and revenues for 2018 were $ 54.722 billion , a 20 a0percent increase from 2017 sales and revenues of $ 45.462 a0billion .", "the increase was primarily due to higher sales volume , mostly due to improved demand across all regions and across the three primary segments .", "profit per share for 2018 was $ 10.26 , compared to profit per share of $ 1.26 in 2017 .", "profit was $ 6.147 billion in 2018 , compared with $ 754 million in 2017 .", "the increase was primarily due to lower tax expense , higher sales volume , decreased restructuring costs and improved price realization .", "the increase was partially offset by higher manufacturing costs and selling , general and administrative ( sg&a ) and research and development ( r&d ) expenses and lower profit from the financial products segment .", "fourth-quarter 2018 sales and revenues were $ 14.342 billion , up $ 1.446 billion , or 11 percent , from $ 12.896 billion in the fourth quarter of 2017 .", "fourth-quarter 2018 profit was $ 1.78 per share , compared with a loss of $ 2.18 per share in the fourth quarter of 2017 .", "fourth-quarter 2018 profit was $ 1.048 billion , compared with a loss of $ 1.299 billion in 2017 .", "highlights for 2018 include : zz sales and revenues in 2018 were $ 54.722 billion , up 20 a0percent from 2017 .", "sales improved in all regions and across the three primary segments .", "zz operating profit as a percent of sales and revenues was 15.2 a0percent in 2018 , compared with 9.8 percent in 2017 .", "adjusted operating profit margin was 15.9 percent in 2018 , compared with 12.5 percent in 2017 .", "zz profit was $ 10.26 per share for 2018 , and excluding the items in the table below , adjusted profit per share was $ 11.22 .", "for 2017 profit was $ 1.26 per share , and excluding the items in the table below , adjusted profit per share was $ 6.88 .", "zz in order for our results to be more meaningful to our readers , we have separately quantified the impact of several significant items: ." ]

[ "zz machinery , energy & transportation ( me&t ) operating cash flow for 2018 was about $ 6.3 billion , more than sufficient to cover capital expenditures and dividends .", "me&t operating cash flow for 2017 was about $ 5.5 billion .", "restructuring costs in recent years , we have incurred substantial restructuring costs to achieve a flexible and competitive cost structure .", "during 2018 , we incurred $ 386 million of restructuring costs related to restructuring actions across the company .", "during 2017 , we incurred $ 1.256 billion of restructuring costs with about half related to the closure of the facility in gosselies , belgium , and the remainder related to other restructuring actions across the company .", "although we expect restructuring to continue as part of ongoing business activities , restructuring costs should be lower in 2019 than 2018 .", "notes : zz glossary of terms included on pages 33-34 ; first occurrence of terms shown in bold italics .", "zz information on non-gaap financial measures is included on pages 42-43. ." ]

[ [ "", "Full Year 2018", "Full Year 2017" ], [ "(Millions of dollars)", "Profit Before Taxes", "ProfitPer Share", "Profit Before Taxes", "ProfitPer Share" ], [ "Profit", "$7,822", "$10.26", "$4,082", "$1.26" ], [ "Restructuring costs", "386", "0.50", "1,256", "1.68" ], [ "Mark-to-market losses", "495", "0.64", "301", "0.26" ], [ "Deferred tax valuation allowance adjustments", "—", "(0.01)", "—", "(0.18)" ], [ "U.S. tax reform impact", "—", "(0.17)", "—", "3.95" ], [ "Gain on sale of equity investment", "—", "—", "(85)", "(0.09)" ], [ "Adjusted profit", "$8,703", "$11.22", "$5,554", "$6.88" ] ]

[ [ "( millions of dollars )", "full year 2018 profit before taxes", "full year 2018 profitper share", "full year 2018 profit before taxes", "profitper share" ], [ "profit", "$ 7822", "$ 10.26", "$ 4082", "$ 1.26" ], [ "restructuring costs", "386", "0.50", "1256", "1.68" ], [ "mark-to-market losses", "495", "0.64", "301", "0.26" ], [ "deferred tax valuation allowance adjustments", "2014", "-0.01 ( 0.01 )", "2014", "-0.18 ( 0.18 )" ], [ "u.s . tax reform impact", "2014", "-0.17 ( 0.17 )", "2014", "3.95" ], [ "gain on sale of equity investment", "2014", "2014", "-85 ( 85 )", "-0.09 ( 0.09 )" ], [ "adjusted profit", "$ 8703", "$ 11.22", "$ 5554", "$ 6.88" ] ]

[ { "arg1": "10.26", "arg2": "1.26", "op": "divide1-1", "res": "820%" }, { "arg1": "#0", "arg2": "10.26", "op": "multiply1-2", "res": "84.17" } ]

[ "vornado realty trust72 ( 6 ) on june 21 , 2002 , one of the lenders purchased the other participant 2019s interest in the loan .", "at the same time , the loan was extended for one year , with certain modifications , including ( i ) making the risk of a loss due to terrorism ( as defined ) not covered by insurance recourse to the company and ( ii ) the granting of two 1-year renewal options to the company .", "( 7 ) on november 25 , 2003 , the company completed an offering of $ 200000 , aggregate principal amount of 4.75% ( 4.75 % ) senior unsecured notes due december 1 , 2010 .", "interest on the notes is payable semi-annually on june 1st and december 1st , commencing in 2004 .", "the notes were priced at 99.869% ( 99.869 % ) of their face amount to yield 4.772% ( 4.772 % ) .", "the notes contain the same financial covenants that are in the company 2019s notes issued in june 2002 , except the maximum ratio of secured debt to total assets is now 50% ( 50 % ) ( previously 55% ( 55 % ) ) .", "the net proceeds of approximately $ 198500 were used primarily to repay existing mortgage debt .", "( 8 ) on july 3 , 2003 , the company entered into a new $ 600000 unsecured revolving credit facility which has replaced its $ 1 billion unsecured revolving credit facility which was to mature in july 2003 .", "the new facility has a three-year term , a one-year extension option and bears interest at libor plus .65% ( .65 % ) .", "the company also has the ability under the new facility to seek up to $ 800000 of commitments during the facility 2019s term .", "the new facility contains financial covenants similar to the prior facility .", "the net carrying amount of properties collateralizing the notes and mortgages amounted to $ 4557065000 at december 31 , 2003 .", "as at december 31 , 2003 , the principal repayments required for the next five years and thereafter are as follows : ( amounts in thousands ) ." ]

[ "8 .", "shareholders 2019 equity common shares of beneficial interest on february 25 , 2002 , the company sold 1398743 common shares based on the closing price of $ 42.96 on the nyse .", "the net proceeds to the company were approximately $ 56453000 .", "series a preferred shares of beneficial interest holders of series a preferred shares of beneficial interest are entitled to receive dividends in an amount equivalent to $ 3.25 per annum per share .", "these dividends are cumulative and payable quarterly in arrears .", "the series a preferred shares are convertible at any time at the option of their respective holders at a conversion rate of 1.38504 common shares per series a preferred share , subject to adjustment in certain circumstances .", "in addition , upon the satisfaction of certain conditions the company , at its option , may redeem the $ 3.25 series a preferred shares at a current conversion rate of 1.38504 common shares per series a preferred share , subject to adjustment in certain circumstances .", "at no time will the series a preferred shares be redeemable for cash .", "series b preferred shares of beneficial interest holders of series b preferred shares of beneficial interest are entitled to receive dividends at an annual rate of 8.5% ( 8.5 % ) of the liquidation preference , or $ 2.125 per series b preferred share per annum .", "these dividends are cumulative and payable quarterly in arrears .", "the series b preferred shares are not convertible into or exchangeable for any other property or any other securities of the company at the election of the holders .", "however , subject to certain limitations relating to the source of funds used in connection with any such redemption , on or after march 17 , 2004 ( or sooner under limited circumstances ) , the company , at its option , may redeem series b preferred shares at a redemption price of $ 25.00 per share , plus any accrued and unpaid dividends through the date of redemption .", "the series b preferred shares have no maturity date and will remain outstanding indefinitely unless redeemed by the company .", "on february 17 , 2004 , the company has called for the redemption of all of the outstanding series b preferred shares .", "the shares will be redeemed on march 17 , 2004 at the redemption price of $ 25.00 per share , aggregating $ 85000000 plus accrued dividends .", "the redemption amount exceeds the carrying amount by $ 2100000 , representing original issuance costs .", "notes to consolidated financial statements sr-176_fin_l02p53_82v1.qxd 4/8/04 2:17 pm page 72 ." ]

[ [ "Year Ending December 31,", "Amount" ], [ "2004", "$296,184" ], [ "2005", "357,171" ], [ "2006", "551,539" ], [ "2007", "807,784" ], [ "2008", "378,841" ], [ "Thereafter", "1,672,866" ] ]

[ [ "year ending december 31,", "amount" ], [ "2004", "$ 296184" ], [ "2005", "357171" ], [ "2006", "551539" ], [ "2007", "807784" ], [ "2008", "378841" ], [ "thereafter", "1672866" ] ]

[]

[ "u.s .", "equity securities and international equity securities categorized as level 1 are traded on active national and international exchanges and are valued at their closing prices on the last trading day of the year .", "for u.s .", "equity securities and international equity securities not traded on an active exchange , or if the closing price is not available , the trustee obtains indicative quotes from a pricing vendor , broker or investment manager .", "these securities are categorized as level 2 if the custodian obtains corroborated quotes from a pricing vendor or categorized as level 3 if the custodian obtains uncorroborated quotes from a broker or investment manager .", "commingled equity funds categorized as level 1 are traded on active national and international exchanges and are valued at their closing prices on the last trading day of the year .", "for commingled equity funds not traded on an active exchange , or if the closing price is not available , the trustee obtains indicative quotes from a pricing vendor , broker or investment manager .", "these securities are categorized as level 2 if the custodian obtains corroborated quotes from a pricing vendor .", "fixed income investments categorized as level 2 are valued by the trustee using pricing models that use verifiable observable market data ( e.g. , interest rates and yield curves observable at commonly quoted intervals and credit spreads ) , bids provided by brokers or dealers or quoted prices of securities with similar characteristics .", "fixed income investments are categorized at level 3 when valuations using observable inputs are unavailable .", "the trustee obtains pricing based on indicative quotes or bid evaluations from vendors , brokers or the investment manager .", "commodities are traded on an active commodity exchange and are valued at their closing prices on the last trading day of the certain commingled equity funds , consisting of equity mutual funds , are valued using the nav.aa thenavaa valuations are based on the underlying investments and typically redeemable within 90 days .", "private equity funds consist of partnership and co-investment funds .", "the navaa is based on valuation models of the underlying securities , which includes unobservable inputs that cannot be corroborated using verifiable observable market data .", "these funds typically have redemption periods between eight and 12 years .", "real estate funds consist of partnerships , most of which are closed-end funds , for which the navaa is based on valuationmodels and periodic appraisals .", "these funds typically have redemption periods between eight and 10 years .", "hedge funds consist of direct hedge funds forwhich thenavaa is generally based on the valuation of the underlying investments .", "redemptions in hedge funds are based on the specific terms of each fund , and generally range from a minimum of one month to several months .", "contributions and expected benefit payments the funding of our qualified defined benefit pension plans is determined in accordance with erisa , as amended by the ppa , and in a manner consistent with cas and internal revenue code rules .", "there were no material contributions to our qualified defined benefit pension plans during 2017 .", "we will make contributions of $ 5.0 billion to our qualified defined benefit pension plans in 2018 , including required and discretionary contributions.as a result of these contributions , we do not expect any material qualified defined benefit cash funding will be required until 2021.we plan to fund these contributions using a mix of cash on hand and commercial paper .", "while we do not anticipate a need to do so , our capital structure and resources would allow us to issue new debt if circumstances change .", "the following table presents estimated future benefit payments , which reflect expected future employee service , as of december 31 , 2017 ( in millions ) : ." ]

[ "defined contribution plans wemaintain a number of defined contribution plans , most with 401 ( k ) features , that cover substantially all of our employees .", "under the provisions of our 401 ( k ) plans , wematchmost employees 2019 eligible contributions at rates specified in the plan documents .", "our contributions were $ 613 million in 2017 , $ 617 million in 2016 and $ 393 million in 2015 , the majority of which were funded using our common stock .", "our defined contribution plans held approximately 35.5 million and 36.9 million shares of our common stock as of december 31 , 2017 and 2016. ." ]

[ [ "", "2018", "2019", "2020", "2021", "2022", "2023 – 2027" ], [ "Qualified defined benefit pension plans", "$2,450", "$2,480", "$2,560", "$2,630", "$2,700", "$14,200" ], [ "Retiree medical and life insurance plans", "180", "180", "180", "180", "180", "820" ] ]

[ [ "", "2018", "2019", "2020", "2021", "2022", "2023 2013 2027" ], [ "qualified defined benefit pension plans", "$ 2450", "$ 2480", "$ 2560", "$ 2630", "$ 2700", "$ 14200" ], [ "retiree medical and life insurance plans", "180", "180", "180", "180", "180", "820" ] ]

[]

[ "state street bank issuances : state street bank currently has authority to issue up to an aggregate of $ 1 billion of subordinated fixed-rate , floating-rate or zero-coupon bank notes with a maturity of five to fifteen years .", "with respect to the 5.25% ( 5.25 % ) subordinated bank notes due 2018 , state street bank is required to make semi-annual interest payments on the outstanding principal balance of the notes on april 15 and october 15 of each year , and the notes qualify as tier 2 capital under regulatory capital guidelines .", "with respect to the 5.30% ( 5.30 % ) subordinated notes due 2016 and the floating-rate subordinated notes due 2015 , state street bank is required to make semi-annual interest payments on the outstanding principal balance of the 5.30% ( 5.30 % ) notes on january 15 and july 15 of each year beginning in july 2006 , and quarterly interest payments on the outstanding principal balance of the floating-rate notes on march 8 , june 8 , september 8 and december 8 of each year beginning in march 2006 .", "the notes qualify as tier 2 capital under regulatory capital guidelines .", "note 10 .", "commitments and contingencies off-balance sheet commitments and contingencies : credit-related financial instruments include indemnified securities financing , unfunded commitments to extend credit or purchase assets and standby letters of credit .", "the total potential loss on unfunded commitments , standby and commercial letters of credit and securities finance indemnifications is equal to the total contractual amount , which does not consider the value of any collateral .", "the following is a summary of the contractual amount of credit-related , off-balance sheet financial instruments at december 31 .", "amounts reported do not reflect participations to unrelated third parties. ." ]

[ "on behalf of our customers , we lend their securities to creditworthy brokers and other institutions .", "in certain circumstances , we may indemnify our customers for the fair market value of those securities against a failure of the borrower to return such securities .", "collateral funds received in connection with our securities finance services are held by us as agent and are not recorded in our consolidated statement of condition .", "we require the borrowers to provide collateral in an amount equal to or in excess of 100% ( 100 % ) of the fair market value of the securities borrowed .", "the borrowed securities are revalued daily to determine if additional collateral is necessary .", "we held , as agent , cash and u.s .", "government securities totaling $ 527.37 billion and $ 387.22 billion as collateral for indemnified securities on loan at december 31 , 2006 and 2005 , respectively .", "approximately 81% ( 81 % ) of the unfunded commitments to extend credit and liquidity asset purchase agreements expire within one year from the date of issue .", "since many of the commitments are expected to expire or renew without being drawn upon , the total commitment amounts do not necessarily represent future cash requirements .", "in the normal course of business , we provide liquidity and credit enhancements to asset-backed commercial paper programs , or 201cconduits . 201d these conduits are more fully described in note 11 .", "the commercial paper issuances and commitments of the conduits to provide funding are supported by liquidity asset purchase agreements and backup liquidity lines of credit , the majority of which are provided by us .", "in addition , we provide direct credit support to the conduits in the form of standby letters of credit .", "our commitments under liquidity asset purchase agreements and backup lines of credit totaled $ 23.99 billion at december 31 , 2006 , and are included in the preceding table .", "our commitments under seq 83 copyarea : 38 .", "x 54 .", "trimsize : 8.25 x 10.75 typeset state street corporation serverprocess c:\\\\fc\\\\delivery_1024177\\\\2771-1-dm_p.pdf chksum : 0 cycle 1merrill corporation 07-2771-1 thu mar 01 17:10:46 2007 ( v 2.247w--stp1pae18 ) ." ]

[ [ "(In millions)", "2006", "2005" ], [ "Indemnified securities financing", "$506,032", "$372,863" ], [ "Liquidity asset purchase agreements", "30,251", "24,412" ], [ "Unfunded commitments to extend credit", "16,354", "14,403" ], [ "Standby letters of credit", "4,926", "5,027" ] ]

[ [ "( in millions )", "2006", "2005" ], [ "indemnified securities financing", "$ 506032", "$ 372863" ], [ "liquidity asset purchase agreements", "30251", "24412" ], [ "unfunded commitments to extend credit", "16354", "14403" ], [ "standby letters of credit", "4926", "5027" ] ]

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[ "prior to its adoption of sfas no .", "123 ( r ) , the company recorded compensation expense for restricted stock awards on a straight-line basis over their vesting period .", "if an employee forfeited the award prior to vesting , the company reversed out the previously expensed amounts in the period of forfeiture .", "as required upon adoption of sfas no .", "123 ( r ) , the company must base its accruals of compensation expense on the estimated number of awards for which the requisite service period is expected to be rendered .", "actual forfeitures are no longer recorded in the period of forfeiture .", "in 2005 , the company recorded a pre-tax credit of $ 2.8 million in cumulative effect of accounting change , that represents the amount by which compensation expense would have been reduced in periods prior to adoption of sfas no .", "123 ( r ) for restricted stock awards outstanding on july 1 , 2005 that are anticipated to be forfeited .", "a summary of non-vested restricted stock award and restricted stock unit activity is presented below : shares ( in thousands ) weighted- average date fair ." ]

[ "as of december 31 , 2007 , there was $ 15.3 million of total unrecognized compensation cost related to non-vested awards .", "this cost is expected to be recognized over a weighted-average period of 1.6 years .", "the total fair value of restricted shares and restricted stock units vested was $ 11.0 million , $ 7.5 million and $ 4.1 million for the years ended december 31 , 2007 , 2006 and 2005 , respectively .", "employee stock purchase plan the shareholders of the company previously approved the 2002 employee stock purchase plan ( 201c2002 purchase plan 201d ) , and reserved 5000000 shares of common stock for sale to employees at a price no less than 85% ( 85 % ) of the lower of the fair market value of the common stock at the beginning of the one-year offering period or the end of each of the six-month purchase periods .", "under sfas no .", "123 ( r ) , the 2002 purchase plan was considered compensatory .", "effective august 1 , 2005 , the company changed the terms of its purchase plan to reduce the discount to 5% ( 5 % ) and discontinued the look-back provision .", "as a result , the purchase plan was not compensatory beginning august 1 , 2005 .", "for the year ended december 31 , 2005 , the company recorded $ 0.4 million in compensation expense for its employee stock purchase plan for the period in which the 2002 plan was considered compensatory until the terms were changed august 1 , 2005 .", "at december 31 , 2007 , 757123 shares were available for purchase under the 2002 purchase plan .", "401 ( k ) plan the company has a 401 ( k ) salary deferral program for eligible employees who have met certain service requirements .", "the company matches certain employee contributions ; additional contributions to this plan are at the discretion of the company .", "total contribution expense under this plan was $ 5.7 million , $ 5.7 million and $ 5.2 million for the years ended december 31 , 2007 , 2006 and 2005 , respectively. ." ]

[ [ "", "Shares (in thousands)", "Weighted- Average Grant Date Fair Value" ], [ "Non-vested at December 31, 2006:", "2,878", "$13.01" ], [ "Issued", "830", "$22.85" ], [ "Released (vested)", "(514)", "$15.93" ], [ "Canceled", "(1,197)", "$13.75" ], [ "Non-vested at December 31, 2007:", "1,997", "$15.91" ] ]

[ [ "", "shares ( in thousands )", "weighted- average grant date fair value" ], [ "non-vested at december 31 2006:", "2878", "$ 13.01" ], [ "issued", "830", "$ 22.85" ], [ "released ( vested )", "-514 ( 514 )", "$ 15.93" ], [ "canceled", "-1197 ( 1197 )", "$ 13.75" ], [ "non-vested at december 31 2007:", "1997", "$ 15.91" ] ]

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[ "marathon oil corporation notes to consolidated financial statements expected long-term return on plan assets 2013 the expected long-term return on plan assets assumption for our u.s .", "funded plan is determined based on an asset rate-of-return modeling tool developed by a third-party investment group which utilizes underlying assumptions based on actual returns by asset category and inflation and takes into account our u.s .", "pension plan 2019s asset allocation .", "to determine the expected long-term return on plan assets assumption for our international plans , we consider the current level of expected returns on risk-free investments ( primarily government bonds ) , the historical levels of the risk premiums associated with the other applicable asset categories and the expectations for future returns of each asset class .", "the expected return for each asset category is then weighted based on the actual asset allocation to develop the overall expected long-term return on plan assets assumption .", "assumed weighted average health care cost trend rates ." ]

[ "n/a all retiree medical subsidies are frozen as of january 1 , 2019 .", "employer provided subsidies for post-65 retiree health care coverage were frozen effective january 1 , 2017 at january 1 , 2016 established amount levels .", "company contributions are funded to a health reimbursement account on the retiree 2019s behalf to subsidize the retiree 2019s cost of obtaining health care benefits through a private exchange ( the 201cpost-65 retiree health benefits 201d ) .", "therefore , a 1% ( 1 % ) change in health care cost trend rates would not have a material impact on either the service and interest cost components and the postretirement benefit obligations .", "in the fourth quarter of 2018 , we terminated the post-65 retiree health benefits effective as of december 31 , 2020 .", "the post-65 retiree health benefits will no longer be provided after that date .", "in addition , the pre-65 retiree medical coverage subsidy has been frozen as of january 1 , 2019 , and the ability for retirees to opt in and out of this coverage , as well as pre-65 retiree dental and vision coverage , has also been eliminated .", "retirees must enroll in connection with retirement for such coverage , or they lose eligibility .", "these plan changes reduced our retiree medical benefit obligation by approximately $ 99 million .", "plan investment policies and strategies 2013 the investment policies for our u.s .", "and international pension plan assets reflect the funded status of the plans and expectations regarding our future ability to make further contributions .", "long-term investment goals are to : ( 1 ) manage the assets in accordance with applicable legal requirements ; ( 2 ) produce investment returns which meet or exceed the rates of return achievable in the capital markets while maintaining the risk parameters set by the plan's investment committees and protecting the assets from any erosion of purchasing power ; and ( 3 ) position the portfolios with a long-term risk/ return orientation .", "investment performance and risk is measured and monitored on an ongoing basis through quarterly investment meetings and periodic asset and liability studies .", "u.s .", "plan 2013 the plan 2019s current targeted asset allocation is comprised of 55% ( 55 % ) equity securities and 45% ( 45 % ) other fixed income securities .", "over time , as the plan 2019s funded ratio ( as defined by the investment policy ) improves , in order to reduce volatility in returns and to better match the plan 2019s liabilities , the allocation to equity securities will decrease while the amount allocated to fixed income securities will increase .", "the plan's assets are managed by a third-party investment manager .", "international plan 2013 our international plan's target asset allocation is comprised of 55% ( 55 % ) equity securities and 45% ( 45 % ) fixed income securities .", "the plan assets are invested in ten separate portfolios , mainly pooled fund vehicles , managed by several professional investment managers whose performance is measured independently by a third-party asset servicing consulting fair value measurements 2013 plan assets are measured at fair value .", "the following provides a description of the valuation techniques employed for each major plan asset class at december 31 , 2018 and 2017 .", "cash and cash equivalents 2013 cash and cash equivalents are valued using a market approach and are considered level 1 .", "equity securities 2013 investments in common stock are valued using a market approach at the closing price reported in an active market and are therefore considered level 1 .", "private equity investments include interests in limited partnerships which are valued based on the sum of the estimated fair values of the investments held by each partnership , determined using a combination of market , income and cost approaches , plus working capital , adjusted for liabilities , currency translation and estimated performance incentives .", "these private equity investments are considered level 3 .", "investments in pooled funds are valued using a market approach , these various funds consist of equity with underlying investments held in u.s .", "and non-u.s .", "securities .", "the pooled funds are benchmarked against a relative public index and are considered level 2. ." ]

[ [ "", "2018", "2017", "2016" ], [ "Initial health care trend rate", "N/A", "8.00%", "8.25%" ], [ "Ultimate trend rate", "N/A", "4.70%", "4.50%" ], [ "Year ultimate trend rate is reached", "N/A", "2025", "2025" ] ]

[ [ "", "2018", "2017", "2016" ], [ "initial health care trend rate", "n/a", "8.00% ( 8.00 % )", "8.25% ( 8.25 % )" ], [ "ultimate trend rate", "n/a", "4.70% ( 4.70 % )", "4.50% ( 4.50 % )" ], [ "year ultimate trend rate is reached", "n/a", "2025", "2025" ] ]

[]

[ "through current cash balances and cash from oper- ations .", "additionally , the company has existing credit facilities totaling $ 2.5 billion .", "the company was in compliance with all its debt covenants at december 31 , 2012 .", "the company 2019s financial covenants require the maintenance of a minimum net worth of $ 9 billion and a total debt-to- capital ratio of less than 60% ( 60 % ) .", "net worth is defined as the sum of common stock , paid-in capital and retained earnings , less treasury stock plus any cumulative goodwill impairment charges .", "the calcu- lation also excludes accumulated other compre- hensive income/loss and nonrecourse financial liabilities of special purpose entities .", "the total debt- to-capital ratio is defined as total debt divided by the sum of total debt plus net worth .", "at december 31 , 2012 , international paper 2019s net worth was $ 13.9 bil- lion , and the total-debt-to-capital ratio was 42% ( 42 % ) .", "the company will continue to rely upon debt and capital markets for the majority of any necessary long-term funding not provided by operating cash flows .", "funding decisions will be guided by our capi- tal structure planning objectives .", "the primary goals of the company 2019s capital structure planning are to maximize financial flexibility and preserve liquidity while reducing interest expense .", "the majority of international paper 2019s debt is accessed through global public capital markets where we have a wide base of investors .", "maintaining an investment grade credit rating is an important element of international paper 2019s financing strategy .", "at december 31 , 2012 , the company held long-term credit ratings of bbb ( stable outlook ) and baa3 ( stable outlook ) by s&p and moody 2019s , respectively .", "contractual obligations for future payments under existing debt and lease commitments and purchase obligations at december 31 , 2012 , were as follows: ." ]

[ "( a ) total debt includes scheduled principal payments only .", "( b ) represents debt obligations borrowed from non-consolidated variable interest entities for which international paper has , and intends to effect , a legal right to offset these obligations with investments held in the entities .", "accordingly , in its con- solidated balance sheet at december 31 , 2012 , international paper has offset approximately $ 5.2 billion of interests in the entities against this $ 5.2 billion of debt obligations held by the entities ( see note 11 variable interest entities and preferred securities of subsidiaries on pages 69 through 72 in item 8 .", "financial statements and supplementary data ) .", "( c ) includes $ 3.6 billion relating to fiber supply agreements entered into at the time of the 2006 transformation plan forest- land sales and in conjunction with the 2008 acquisition of weyerhaeuser company 2019s containerboard , packaging and recycling business .", "( d ) not included in the above table due to the uncertainty as to the amount and timing of the payment are unrecognized tax bene- fits of approximately $ 620 million .", "we consider the undistributed earnings of our for- eign subsidiaries as of december 31 , 2012 , to be indefinitely reinvested and , accordingly , no u.s .", "income taxes have been provided thereon .", "as of december 31 , 2012 , the amount of cash associated with indefinitely reinvested foreign earnings was approximately $ 840 million .", "we do not anticipate the need to repatriate funds to the united states to sat- isfy domestic liquidity needs arising in the ordinary course of business , including liquidity needs asso- ciated with our domestic debt service requirements .", "pension obligations and funding at december 31 , 2012 , the projected benefit obliga- tion for the company 2019s u.s .", "defined benefit plans determined under u.s .", "gaap was approximately $ 4.1 billion higher than the fair value of plan assets .", "approximately $ 3.7 billion of this amount relates to plans that are subject to minimum funding require- ments .", "under current irs funding rules , the calcu- lation of minimum funding requirements differs from the calculation of the present value of plan benefits ( the projected benefit obligation ) for accounting purposes .", "in december 2008 , the worker , retiree and employer recovery act of 2008 ( wera ) was passed by the u.s .", "congress which provided for pension funding relief and technical corrections .", "funding contributions depend on the funding method selected by the company , and the timing of its implementation , as well as on actual demo- graphic data and the targeted funding level .", "the company continually reassesses the amount and timing of any discretionary contributions and elected to make voluntary contributions totaling $ 44 million and $ 300 million for the years ended december 31 , 2012 and 2011 , respectively .", "at this time , we expect that required contributions to its plans in 2013 will be approximately $ 31 million , although the company may elect to make future voluntary contributions .", "the timing and amount of future contributions , which could be material , will depend on a number of factors , including the actual earnings and changes in values of plan assets and changes in interest rates .", "ilim holding s.a .", "shareholder 2019s agreement in october 2007 , in connection with the for- mation of the ilim holding s.a .", "joint venture , international paper entered into a share- holder 2019s agreement that includes provisions relating to the reconciliation of disputes among the partners .", "this agreement provides that at ." ]

[ [ "In millions", "2013", "2014", "2015", "2016", "2017", "Thereafter" ], [ "Maturities of long-term debt (a)", "$444", "$708", "$479", "$571", "$216", "$7,722" ], [ "Debt obligations with right of offset (b)", "—", "—", "—", "5,173", "—", "—" ], [ "Lease obligations", "198", "136", "106", "70", "50", "141" ], [ "Purchase obligations (c)", "3,213", "828", "722", "620", "808", "2,654" ], [ "Total (d)", "$3,855", "$1,672", "$1,307", "$6,434", "$1,074", "$10,517" ] ]

[ [ "in millions", "2013", "2014", "2015", "2016", "2017", "thereafter" ], [ "maturities of long-term debt ( a )", "$ 444", "$ 708", "$ 479", "$ 571", "$ 216", "$ 7722" ], [ "debt obligations with right of offset ( b )", "2014", "2014", "2014", "5173", "2014", "2014" ], [ "lease obligations", "198", "136", "106", "70", "50", "141" ], [ "purchase obligations ( c )", "3213", "828", "722", "620", "808", "2654" ], [ "total ( d )", "$ 3855", "$ 1672", "$ 1307", "$ 6434", "$ 1074", "$ 10517" ] ]

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

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

[ [ "", "Amount (In Millions)" ], [ "2007 net revenue", "$991.1" ], [ "Retail electric price", "(17.1)" ], [ "Purchased power capacity", "(12.0)" ], [ "Net wholesale revenue", "(7.4)" ], [ "Other", "4.6" ], [ "2008 net revenue", "$959.2" ] ]

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

[ { "arg1": "-17.1", "arg2": "-12.0", "op": "add2-1", "res": "-29.1" }, { "arg1": "#0", "arg2": "-7.4", "op": "add2-2", "res": "-36.5" }, { "arg1": "#1", "arg2": "4.6", "op": "add2-3", "res": "-31.9" } ]

[ "income and franchise tax provisions are allocable to contracts in process and , accordingly , are included in general and administrative expenses .", "deferred income taxes are recorded when revenues and expenses are recognized in different periods for financial statement purposes than for tax return purposes .", "deferred tax asset or liability account balances are calculated at the balance sheet date using current tax laws and rates in effect .", "determinations of the expected realizability of deferred tax assets and the need for any valuation allowances against these deferred tax assets were evaluated based upon the stand-alone tax attributes of the company , and valuation allowances of $ 21 million and $ 18 million were deemed necessary as of december 31 , 2012 and 2011 , respectively .", "uncertain tax positions meeting the more-likely-than-not recognition threshold , based on the merits of the position , are recognized in the financial statements .", "we recognize the amount of tax benefit that is greater than 50% ( 50 % ) likely to be realized upon ultimate settlement with the related tax authority .", "if a tax position does not meet the minimum statutory threshold to avoid payment of penalties , we recognize an expense for the amount of the penalty in the period the tax position is claimed or expected to be claimed in our tax return .", "penalties , if probable and reasonably estimable , are recognized as a component of income tax expense .", "we also recognize accrued interest related to uncertain tax positions in income tax expense .", "the timing and amount of accrued interest is determined by the applicable tax law associated with an underpayment of income taxes .", "see note 11 : income taxes .", "under existing gaap , changes in accruals associated with uncertainties are recorded in earnings in the period they are determined .", "cash and cash equivalents - the carrying amounts of cash and cash equivalents approximate fair value due to the short-term nature of these items , having original maturity dates of 90 days or less .", "accounts receivable - accounts receivable include amounts billed and currently due from customers , amounts currently due but unbilled , certain estimated contract change amounts , claims or requests for equitable adjustment in negotiation that are probable of recovery , and amounts retained by the customer pending contract completion .", "inventoried costs - inventoried costs primarily relate to work in process under contracts that recognize revenues using labor dollars or units of delivery as the basis of the percentage-of-completion calculation .", "these costs represent accumulated contract costs less cost of sales , as calculated using the percentage-of-completion method .", "accumulated contract costs include direct production costs , factory and engineering overhead , production tooling costs , and , for government contracts , allowable general and administrative expenses .", "according to the provisions of the company's u.s .", "government contracts , the customer asserts title to , or a security interest in , inventories related to such contracts as a result of contract advances , performance-based payments , and progress payments .", "in accordance with industry practice , inventoried costs are classified as a current asset and include amounts related to contracts having production cycles longer than one year .", "inventoried costs also include company owned raw materials , which are stated at the lower of cost or market , generally using the average cost method .", "property , plant , and equipment - depreciable properties owned by the company are recorded at cost and depreciated over the estimated useful lives of individual assets .", "costs incurred for computer software developed or obtained for internal use are capitalized and amortized over the expected useful life of the software , not to exceed nine years .", "leasehold improvements are amortized over the shorter of their useful lives or the term of the lease .", "the remaining assets are depreciated using the straight-line method , with the following lives: ." ]

[ "the company evaluates the recoverability of its property , plant and equipment when there are changes in economic circumstances or business objectives that indicate the carrying value may not be recoverable .", "the company's evaluations include estimated future cash flows , profitability and other factors in determining fair value .", "as these assumptions and estimates may change over time , it may or may not be necessary to record impairment charges. ." ]

[ [ "", "Years" ], [ "Land improvements", "3", "-", "45" ], [ "Buildings and improvements", "3", "-", "60" ], [ "Capitalized software costs", "3", "-", "9" ], [ "Machinery and other equipment", "2", "-", "45" ] ]

[ [ "land improvements", "years 3", "years -", "years 45" ], [ "buildings and improvements", "3", "-", "60" ], [ "capitalized software costs", "3", "-", "9" ], [ "machinery and other equipment", "2", "-", "45" ] ]

[ { "arg1": "21", "arg2": "18", "op": "minus1-1", "res": "3" }, { "arg1": "#0", "arg2": "18", "op": "divide1-2", "res": "16.7%" } ]

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

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

[ [ "", "Payments Due by Period" ], [ "(In millions)", "Total", "Fiscal 2019", "Fiscal 2020and 2021", "Fiscal 2022and 2023", "Thereafter" ], [ "Long-Term Debt, including current portion,excluding capital lease obligations⁽¹⁾", "$6,039.0", "$726.6", "$824.8", "$1,351.0", "$3,136.6" ], [ "Operating lease obligations⁽²⁾", "615.8", "132.1", "199.9", "118.4", "165.4" ], [ "Capital lease obligations⁽³⁾", "152.5", "5.0", "6.7", "2.7", "138.1" ], [ "Purchase obligations and other^{(4) (5) (6)}", "2,210.5", "1,676.6", "224.1", "114.9", "194.9" ], [ "Total", "$9,017.8", "$2,540.3", "$1,255.5", "$1,587.0", "$3,635.0" ] ]

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

[]

[ "critical accounting estimates our consolidated financial statements include amounts that , either by their nature or due to requirements of accounting princi- ples generally accepted in the u.s .", "( gaap ) , are determined using best estimates and assumptions .", "while we believe that the amounts included in our consolidated financial statements reflect our best judgment , actual amounts could ultimately materi- ally differ from those currently presented .", "we believe the items that require the most subjective and complex estimates are : 2022 unpaid loss and loss expense reserves , including long-tail asbestos and environmental ( a&e ) reserves ; 2022 future policy benefits reserves ; 2022 valuation of value of business acquired ( voba ) and amortization of deferred policy acquisition costs and voba ; 2022 the assessment of risk transfer for certain structured insurance and reinsurance contracts ; 2022 reinsurance recoverable , including a provision for uncollectible reinsurance ; 2022 the valuation of our investment portfolio and assessment of other-than-temporary impairments ( otti ) ; 2022 the valuation of deferred tax assets ; 2022 the valuation of derivative instruments related to guaranteed minimum income benefits ( gmib ) ; and 2022 the valuation of goodwill .", "we believe our accounting policies for these items are of critical importance to our consolidated financial statements .", "the following discussion provides more information regarding the estimates and assumptions required to arrive at these amounts and should be read in conjunction with the sections entitled : prior period development , asbestos and environmental and other run-off liabilities , reinsurance recoverable on ceded reinsurance , investments , net realized gains ( losses ) , and other income and expense items .", "unpaid losses and loss expenses overview and key data as an insurance and reinsurance company , we are required , by applicable laws and regulations and gaap , to establish loss and loss expense reserves for the estimated unpaid portion of the ultimate liability for losses and loss expenses under the terms of our policies and agreements with our insured and reinsured customers .", "the estimate of the liabilities includes provisions for claims that have been reported but are unpaid at the balance sheet date ( case reserves ) and for future obligations on claims that have been incurred but not reported ( ibnr ) at the balance sheet date ( ibnr may also include a provision for additional development on reported claims in instances where the case reserve is viewed to be potentially insufficient ) .", "loss reserves also include an estimate of expenses associated with processing and settling unpaid claims ( loss expenses ) .", "at december 31 , 2009 , our gross unpaid loss and loss expense reserves were $ 37.8 billion and our net unpaid loss and loss expense reserves were $ 25 billion .", "with the exception of certain structured settlements , for which the timing and amount of future claim pay- ments are reliably determinable , our loss reserves are not discounted for the time value of money .", "in connection with such structured settlements , we carry net reserves of $ 76 million , net of discount .", "the table below presents a roll-forward of our unpaid losses and loss expenses for the years ended december 31 , 2009 and 2008. ." ]

[ "( 1 ) net of provision for uncollectible reinsurance ." ]

[ [ "", "2009", "2008" ], [ "(in millions of U.S. dollars)", "Gross Losses", "Reinsurance Recoverable (1)", "Net Losses", "Gross Losses", "Reinsurance Recoverable (1)", "Net Losses" ], [ "Balance, beginning of year", "$37,176", "$12,935", "$24,241", "$37,112", "$13,520", "$23,592" ], [ "Losses and loss expenses incurred", "11,141", "3,719", "7,422", "10,944", "3,341", "7,603" ], [ "Losses and loss expenses paid", "(11,093)", "(4,145)", "(6,948)", "(9,899)", "(3,572)", "(6,327)" ], [ "Other (including foreign exchange revaluation)", "559", "236", "323", "(1,367)", "(387)", "(980)" ], [ "Losses and loss expenses acquired", "–", "–", "–", "386", "33", "353" ], [ "Balance, end of year", "$37,783", "$12,745", "$25,038", "$37,176", "$12,935", "$24,241" ] ]

[ [ "( in millions of u.s . dollars )", "2009 gross losses", "2009 reinsurance recoverable ( 1 )", "2009 net losses", "2009 gross losses", "2009 reinsurance recoverable ( 1 )", "net losses" ], [ "balance beginning of year", "$ 37176", "$ 12935", "$ 24241", "$ 37112", "$ 13520", "$ 23592" ], [ "losses and loss expenses incurred", "11141", "3719", "7422", "10944", "3341", "7603" ], [ "losses and loss expenses paid", "-11093 ( 11093 )", "-4145 ( 4145 )", "-6948 ( 6948 )", "-9899 ( 9899 )", "-3572 ( 3572 )", "-6327 ( 6327 )" ], [ "other ( including foreign exchange revaluation )", "559", "236", "323", "-1367 ( 1367 )", "-387 ( 387 )", "-980 ( 980 )" ], [ "losses and loss expenses acquired", "2013", "2013", "2013", "386", "33", "353" ], [ "balance end of year", "$ 37783", "$ 12745", "$ 25038", "$ 37176", "$ 12935", "$ 24241" ] ]

[ { "arg1": "37783", "arg2": "37176", "op": "minus1-1", "res": "607" }, { "arg1": "#0", "arg2": "37176", "op": "divide1-2", "res": "1.63%" } ]

[ "income taxes american water and its subsidiaries participate in a consolidated federal income tax return for u.s .", "tax purposes .", "members of the consolidated group are charged with the amount of federal income tax expense determined as if they filed separate returns .", "certain income and expense items are accounted for in different time periods for financial reporting than for income tax reporting purposes .", "the company provides deferred income taxes on the difference between the tax basis of assets and liabilities and the amounts at which they are carried in the financial statements .", "these deferred income taxes are based on the enacted tax rates expected to be in effect when these temporary differences are projected to reverse .", "in addition , the regulated utility subsidiaries recognize regulatory assets and liabilities for the effect on revenues expected to be realized as the tax effects of temporary differences , previously flowed through to customers , reverse .", "investment tax credits have been deferred by the regulated utility subsidiaries and are being amortized to income over the average estimated service lives of the related assets .", "the company recognizes accrued interest and penalties related to tax positions as a component of income tax expense and accounts for sales tax collected from customers and remitted to taxing authorities on a net basis .", "see note 13 2014income taxes .", "allowance for funds used during construction afudc is a non-cash credit to income with a corresponding charge to utility plant that represents the cost of borrowed funds or a return on equity funds devoted to plant under construction .", "the regulated utility subsidiaries record afudc to the extent permitted by the pucs .", "the portion of afudc attributable to borrowed funds is shown as a reduction of interest , net in the accompanying consolidated statements of operations .", "any portion of afudc attributable to equity funds would be included in other income ( expenses ) in the accompanying consolidated statements of operations .", "afudc is summarized in the following table for the years ended december 31: ." ]

[ "environmental costs the company 2019s water and wastewater operations and the operations of its market-based businesses are subject to u.s .", "federal , state , local and foreign requirements relating to environmental protection , and as such , the company periodically becomes subject to environmental claims in the normal course of business .", "environmental expenditures that relate to current operations or provide a future benefit are expensed or capitalized as appropriate .", "remediation costs that relate to an existing condition caused by past operations are accrued , on an undiscounted basis , when it is probable that these costs will be incurred and can be reasonably estimated .", "a conservation agreement entered into by a subsidiary of the company with the national oceanic and atmospheric administration in 2010 and amended in 2017 required the company to , among other provisions , implement certain measures to protect the steelhead trout and its habitat in the carmel river watershed in the state of california .", "the company agreed to pay $ 1 million annually commencing in 2010 with the final payment being made in 2021 .", "remediation costs accrued amounted to $ 6 million and less than $ 1 million as of december 31 , 2017 and 2016 , respectively .", "derivative financial instruments the company uses derivative financial instruments for purposes of hedging exposures to fluctuations in interest rates .", "these derivative contracts are entered into for periods consistent with the related underlying ." ]

[ [ "", "2017", "2016", "2015" ], [ "Allowance for other funds used during construction", "$19", "$15", "$13" ], [ "Allowance for borrowed funds used during construction", "8", "6", "8" ] ]

[ [ "", "2017", "2016", "2015" ], [ "allowance for other funds used during construction", "$ 19", "$ 15", "$ 13" ], [ "allowance for borrowed funds used during construction", "8", "6", "8" ] ]

[]

[ "transfer agent and registrar for common stock the transfer agent and registrar for our common stock is : computershare shareowner services llc 480 washington boulevard 29th floor jersey city , new jersey 07310 telephone : ( 877 ) 363-6398 sales of unregistered securities not applicable .", "repurchase of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2015 to december 31 , 2015 .", "total number of shares ( or units ) purchased 1 average price paid per share ( or unit ) 2 total number of shares ( or units ) purchased as part of publicly announced plans or programs 3 maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs 3 ." ]

[ "1 included shares of our common stock , par value $ 0.10 per share , withheld under the terms of grants under employee stock-based compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares ( the 201cwithheld shares 201d ) .", "we repurchased 1004 withheld shares in october 2015 , 1777 withheld shares in november 2015 and 9342 withheld shares in december 2015 .", "2 the average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum of the applicable period of the aggregate value of the tax withholding obligations and the aggregate amount we paid for shares acquired under our stock repurchase program , described in note 5 to the consolidated financial statements , by the sum of the number of withheld shares and the number of shares acquired in our stock repurchase program .", "3 in february 2015 , the board authorized a share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock ( the 201c2015 share repurchase program 201d ) .", "on february 12 , 2016 , we announced that our board had approved a new share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock .", "the new authorization is in addition to any amounts remaining for repurchase under the 2015 share repurchase program .", "there is no expiration date associated with the share repurchase programs. ." ]

[ [ "", "Total Number ofShares (or Units)Purchased¹", "Average Price Paidper Share (or Unit)²", "Total Number ofShares (or Units)Purchased as Part ofPublicly AnnouncedPlans or Programs³", "Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs³" ], [ "October 1 - 31", "2,140,511", "$20.54", "2,139,507", "$227,368,014" ], [ "November 1 - 30", "1,126,378", "$22.95", "1,124,601", "$201,557,625" ], [ "December 1 - 31", "1,881,992", "$22.97", "1,872,650", "$158,553,178" ], [ "Total", "5,148,881", "$21.96", "5,136,758", "" ] ]

[ [ "", "total number ofshares ( or units ) purchased1", "average price paidper share ( or unit ) 2", "total number ofshares ( or units ) purchased as part ofpublicly announcedplans or programs3", "maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs3" ], [ "october 1 - 31", "2140511", "$ 20.54", "2139507", "$ 227368014" ], [ "november 1 - 30", "1126378", "$ 22.95", "1124601", "$ 201557625" ], [ "december 1 - 31", "1881992", "$ 22.97", "1872650", "$ 158553178" ], [ "total", "5148881", "$ 21.96", "5136758", "" ] ]

[]

[ "table of contents ( 4 ) the increase in cash flows was primarily due to the timing of inventory purchases and longer payment terms with certain vendors .", "in order to manage our working capital and operating cash needs , we monitor our cash conversion cycle , defined as days of sales outstanding in accounts receivable plus days of supply in inventory minus days of purchases outstanding in accounts payable , based on a rolling three-month average .", "components of our cash conversion cycle are as follows: ." ]

[ "( 1 ) represents the rolling three-month average of the balance of accounts receivable , net at the end of the period , divided by average daily net sales for the same three-month period .", "also incorporates components of other miscellaneous receivables .", "( 2 ) represents the rolling three-month average of the balance of merchandise inventory at the end of the period divided by average daily cost of sales for the same three-month period .", "( 3 ) represents the rolling three-month average of the combined balance of accounts payable-trade , excluding cash overdrafts , and accounts payable-inventory financing at the end of the period divided by average daily cost of sales for the same three-month period .", "the cash conversion cycle was 19 days at december 31 , 2017 and 2016 .", "the increase in dso was primarily driven by higher net sales and related accounts receivable for third-party services such as saas , software assurance and warranties .", "these services have an unfavorable impact on dso as the receivable is recognized on the consolidated balance sheet on a gross basis while the corresponding sales amount in the consolidated statement of operations is recorded on a net basis .", "this also results in a favorable impact on dpo as the payable is recognized on the consolidated balance sheet without a corresponding cost of sales in the statement of operations because the cost paid to the vendor or third-party service provider is recorded as a reduction to net sales .", "in addition , dpo also increased due to the mix of payables with certain vendors that have longer payment terms .", "the cash conversion cycle was 19 and 21 days at december 31 , 2016 and 2015 , respectively .", "the increase in dso was primarily driven by higher net sales and related accounts receivable for third-party services such as saas , software assurance and warranties .", "these services have an unfavorable impact on dso as the receivable is recognized on the balance sheet on a gross basis while the corresponding sales amount in the statement of operations is recorded on a net basis .", "these services have a favorable impact on dpo as the payable is recognized on the balance sheet without a corresponding cost of sale in the statement of operations because the cost paid to the vendor or third-party service provider is recorded as a reduction to net sales .", "in addition to the impact of these services on dpo , dpo also increased due to the mix of payables with certain vendors that have longer payment terms .", "investing activities net cash used in investing activities increased $ 15 million in 2017 compared to 2016 .", "capital expenditures increased $ 17 million to $ 81 million from $ 64 million for 2017 and 2016 , respectively , primarily related to improvements to our information technology systems .", "net cash used in investing activities decreased $ 289 million in 2016 compared to 2015 .", "the decrease in cash used was primarily due to the completion of the acquisition of cdw uk in 2015 .", "additionally , capital expenditures decreased $ 26 million to $ 64 million from $ 90 million for 2016 and 2015 , respectively , primarily due to spending for our new office location in 2015 .", "financing activities net cash used in financing activities increased $ 514 million in 2017 compared to 2016 .", "the increase was primarily driven by changes in accounts payable-inventory financing , which resulted in an increase in cash used for financing activities of $ 228 million and by share repurchases during 2017 , which resulted in an increase in cash used for financing activities of $ 167 million .", "for more information on our share repurchase program , see part ii , item 5 , 201cmarket for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities . 201d the increase in cash used for accounts payable-inventory financing was primarily driven by the termination of one of our inventory financing agreements in the fourth quarter of 2016 , with amounts ." ]

[ [ "", "December 31," ], [ "(in days)", "2017", "2016", "2015" ], [ "Days of sales outstanding (DSO)⁽¹⁾", "52", "51", "48" ], [ "Days of supply in inventory (DIO)⁽²⁾", "12", "12", "13" ], [ "Days of purchases outstanding (DPO)⁽³⁾", "(45)", "(44)", "(40)" ], [ "Cash conversion cycle", "19", "19", "21" ] ]

[ [ "( in days )", "december 31 , 2017", "december 31 , 2016", "december 31 , 2015" ], [ "days of sales outstanding ( dso ) ( 1 )", "52", "51", "48" ], [ "days of supply in inventory ( dio ) ( 2 )", "12", "12", "13" ], [ "days of purchases outstanding ( dpo ) ( 3 )", "-45 ( 45 )", "-44 ( 44 )", "-40 ( 40 )" ], [ "cash conversion cycle", "19", "19", "21" ] ]

[ { "arg1": "90", "arg2": "64", "op": "add2-1", "res": "154" }, { "arg1": "#0", "arg2": "const_2", "op": "divide2-2", "res": "77" } ]