metadata
tags:
- sentence-transformers
- sentence-similarity
- feature-extraction
- generated_from_trainer
- dataset_size:6251
- loss:MultipleNegativesRankingLoss
base_model: unsloth/embeddinggemma-300m
widget:
- source_sentence: >-
What was Aon's total operating income for the year 2013, as reflected in
the company's 2014 report?
sentences:
- >-
consolidated other income ( expense ) items , net ._| | year ended
december 31 ( in millions ) | 2015 |
2014 | 2013 |
|---:|:-------------------------------------------------|:-----------------|:-----------------|:-----------------|
| 0 | interest expense | $ -2702 ( 2702
) | $ -2617 ( 2617 ) | $ -2574 ( 2574 ) |
| 1 | investment income ( loss ) net |
81 | 296 | 576 |
| 2 | equity in net income ( losses ) of investees net | -325 ( 325
) | 97 | -86 ( 86 ) |
| 3 | other income ( expense ) net |
320 | -215 ( 215 ) | -364 ( 364 ) |
| 4 | total | $ -2626 ( 2626
) | $ -2439 ( 2439 ) | $ -2448 ( 2448 ) |_interest expense interest
expense increased in 2015 primarily due to an increase in our debt
outstanding and $ 47 million of additional interest expense associated
with the early redemption in june 2015 of our $ 750 million aggregate
principal amount of 5.85% ( 5.85 % ) senior notes due november 2015 and
our $ 1.0 billion aggregate principal amount of 5.90% ( 5.90 % ) senior
notes due march 2016 .
interest expense increased in 2014 primarily due to the effect of our
interest rate derivative financial instruments .
investment income ( loss ) , net the change in investment income ( loss
) , net in 2015 was primarily due to a $ 154 million gain related to the
sale of our shares of arris group common stock in 2014 .
the change in investment income ( loss ) , net in 2014 was primarily due
to a $ 443 million gain related to the sale of our investment in
clearwire corporation in 2013 .
the components of investment income ( loss ) , net are presented in a
table in note 7 to comcast 2019s consolidated financial statements .
equity in net income ( losses ) of investees , net the change in equity
in net income ( losses ) of investees , net in 2015 was primarily due to
twcc holding corp .
( 201cthe weather channel 201d ) recording impairment charges related to
goodwill .
we recorded expenses of $ 333 million in 2015 that represent
nbcuniversal 2019s proportionate share of these impairment charges .
the change in 2015 was also due to an increase in our proportionate
share of losses in hulu , llc ( 201chulu 201d ) , which were driven by
hulu 2019s higher programming and marketing costs .
in 2015 and 2014 , we recognized our pro- portionate share of losses of
$ 106 million and $ 20 million , respectively , related to our
investment in hulu .
the change in equity in net income ( losses ) of investees , net in 2014
was primarily due to $ 142 million of total equity losses recorded in
2013 attributable to our investment in hulu .
in july 2013 , we entered into an agreement to provide capital
contributions totaling $ 247 million to hulu , which we had previously
accounted for as a cost method investment .
this represented an agreement to provide our first capital contribution
to hulu since we acquired our interest in it as part of our acquisition
of a controlling interest in nbcuniversal in 2011 ( the 201cnbcuniversal
transaction 201d ) ; therefore , we began to apply the equity method of
accounting for this investment .
the change in the method of accounting for this investment required us
to recognize our propor- tionate share of hulu 2019s accumulated losses
from the date of the nbcuniversal transaction through july 2013 .
other income ( expense ) , net other income ( expense ) , net for 2015
included gains of $ 335 million on the sales of a business and an
invest- ment , $ 240 million recorded on the settlement of a contingent
consideration liability with general electric company ( 201cge 201d )
related to the acquisition of nbcuniversal , and $ 43 million related to
an equity method investment .
these gains were partially offset by $ 236 million of expenses related
to fair value adjustments to a contractual obligation .
see note 11 to comcast 2019s consolidated financial statements for
additional information on this contractual obligation .
other income ( expense ) , net for 2014 included a $ 27 million
favorable settlement of a contingency related to the at&t broadband
transaction in 2002 , which was more than offset by $ 208 million of
expenses related to 61 comcast 2015 annual report on form 10-k .
- >-
page 15 of 100 shareholder return performance the line graph below
compares the annual percentage change in ball corporation 2019s
cumulative total shareholder return on its common stock with the
cumulative total return of the dow jones containers & packaging index
and the s&p composite 500 stock index for the five-year period ended
december 31 , 2010 .
it assumes $ 100 was invested on december 31 , 2005 , and that all
dividends were reinvested .
the dow jones containers & packaging index total return has been
weighted by market capitalization .
total return analysis ._|
|
|
12/31/05
|
12/31/06
|
12/31/07
|
12/31/08
|
12/31/09
|
12/31/10
|
|---:|:--------------------------------------------------------------------------------------------------------------------------------------------------|:--------------------------------------------------------------------------------------------------------------------------------------------------|:--------------------------------------------------------------------------------------------------------------------------------------------------|:--------------------------------------------------------------------------------------------------------------------------------------------------|:--------------------------------------------------------------------------------------------------------------------------------------------------|:--------------------------------------------------------------------------------------------------------------------------------------------------|:--------------------------------------------------------------------------------------------------------------------------------------------------|
| 0 | ball
corporation
| $
100.00
| $
110.86
| $
115.36
| $
107.58
| $
134.96
| $
178.93
|
| 1 | dj containers & packaging
index
| $
100.00
| $
112.09
| $
119.63
| $
75.00
| $
105.34
| $
123.56
|
| 2 | s&p 500
index
| $
100.00
| $
115.80
| $
122.16
| $
76.96
| $
97.33
| $
111.99
|
| 3 | copyright a9 2011 standard & poor 2019s a division of the
mcgraw-hill companies inc . all rights reserved . (
www.researchdatagroup.com/s&p.htm ) | copyright a9 2011 standard & poor
2019s a division of the mcgraw-hill companies inc . all rights reserved
. ( www.researchdatagroup.com/s&p.htm ) | copyright a9 2011 standard &
poor 2019s a division of the mcgraw-hill companies inc . all rights
reserved . ( www.researchdatagroup.com/s&p.htm ) | copyright a9 2011
standard & poor 2019s a division of the mcgraw-hill companies inc . all
rights reserved . ( www.researchdatagroup.com/s&p.htm ) | copyright a9
2011 standard & poor 2019s a division of the mcgraw-hill companies inc .
all rights reserved . ( www.researchdatagroup.com/s&p.htm ) | copyright
a9 2011 standard & poor 2019s a division of the mcgraw-hill companies
inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm ) |
copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill
companies inc . all rights reserved . (
www.researchdatagroup.com/s&p.htm ) |
| 4 | copyright a9 2011 dow jones & company . all rights reserved
.
| copyright a9 2011 dow jones & company . all rights reserved
.
| copyright a9 2011 dow jones & company . all rights reserved
.
| copyright a9 2011 dow jones & company . all rights reserved
.
| copyright a9 2011 dow jones & company . all rights reserved
.
| copyright a9 2011 dow jones & company . all rights reserved
.
| copyright a9 2011 dow jones & company . all rights reserved
.
|_.
- >-
reinsurance commissions , fees and other revenue decreased 2% ( 2 % ) in
2014 reflecting a 1% ( 1 % ) unfavorable impact from foreign currency
exchange rates and 1% ( 1 % ) decline in organic revenue growth due
primarily to a significant unfavorable market impact in treaty ,
partially offset by net new business growth in treaty placements
globally and growth in capital markets transactions and advisory
business , as well as facultative placements .
operating income operating income increased $ 108 million , or 7% ( 7 %
) , from 2013 to $ 1.6 billion in 2014 .
in 2014 , operating income margins in this segment were 21.0% ( 21.0 % )
, an increase of 120 basis points from 19.8% ( 19.8 % ) in 2013 .
operating margin improvement was driven by solid organic revenue growth
, return on investments , expense discipline and savings related to the
restructuring programs , partially offset by a $ 61 million unfavorable
impact from foreign currency exchange rates .
hr solutions ._| | years ended december 31 | 2014 |
2013 | 2012 |
|---:|:--------------------------|:-----------------|:---------------|:---------------|
| 0 | revenue | $ 4264 | $ 4057 | $
3925 |
| 1 | operating income | 485 | 318 |
289 |
| 2 | operating margin | 11.4% ( 11.4 % ) | 7.8% ( 7.8 % ) |
7.4% ( 7.4 % ) |_our hr solutions segment generated approximately 35% (
35 % ) of our consolidated total revenues in 2014 and provides a broad
range of human capital services , as follows : 2022 retirement
specializes in global actuarial services , defined contribution
consulting , tax and erisa consulting , and pension administration .
2022 compensation focuses on compensatory advisory/counsel including :
compensation planning design , executive reward strategies , salary
survey and benchmarking , market share studies and sales force
effectiveness , with special expertise in the financial services and
technology industries .
2022 strategic human capital delivers advice to complex global
organizations on talent , change and organizational effectiveness issues
, including talent strategy and acquisition , executive on-boarding ,
performance management , leadership assessment and development ,
communication strategy , workforce training and change management .
2022 investment consulting advises public and private companies , other
institutions and trustees on developing and maintaining investment
programs across a broad range of plan types , including defined benefit
plans , defined contribution plans , endowments and foundations .
2022 benefits administration applies our human resource expertise
primarily through defined benefit ( pension ) , defined contribution (
401 ( k ) ) , and health and welfare administrative services .
our model replaces the resource-intensive processes once required to
administer benefit plans with more efficient , effective , and less
costly solutions .
2022 exchanges is building and operating healthcare exchanges that
provide employers with a cost effective alternative to traditional
employee and retiree healthcare , while helping individuals select the
insurance that best meets their needs .
2022 human resource business processing outsourcing provides
market-leading solutions to manage employee data ; administer benefits ,
payroll and other human resources processes ; and record and manage
talent , workforce and other core human resource process transactions as
well as other complementary services such as flexible spending ,
dependent audit and participant advocacy .
disruption in the global credit markets and the deterioration of the
financial markets created significant uncertainty in the marketplace .
weak economic conditions in many markets around the globe continued
throughout 2014 and have adversely impacted our clients' financial
condition and therefore the levels of business activities in the
industries and geographies where we operate .
while we believe that the majority of our practices are well positioned
to manage through this time , these challenges are reducing demand for
some of our services and putting continued pressure on the pricing of
those services , which is having an adverse effect on our new business
and results of operations. .
- source_sentence: >-
What is the difference in total debt to be repaid in the contractual
obligations for future payments under existing debt and lease commitments
and purchase obligations at December 31, 2005, between the years 2009 and
2008 for International Paper?
sentences:
- >-
american tower corporation and subsidiaries notes to consolidated
financial statements 2014 ( continued ) at december 31 , 2005 , the
company had net federal and state operating loss carryforwards available
to reduce future taxable income of approximately $ 2.2 billion and $ 2.4
billion , respectively .
if not utilized , the company 2019s net operating loss carryforwards
expire as follows ( in thousands ) : ._| | years ended december 31,
| federal | state |
|---:|:---------------------------|:----------|:----------|
| 0 | 2006 to 2010 | $ 5248 | $ 469747 |
| 1 | 2011 to 2015 | 10012 | 272662 |
| 2 | 2016 to 2020 | 397691 | 777707 |
| 3 | 2021 to 2025 | 1744552 | 897896 |
| 4 | total | $ 2157503 | $ 2418012 |_sfas no .
109 , 201caccounting for income taxes , 201d requires that companies
record a valuation allowance when it is 201cmore likely than not that
some portion or all of the deferred tax assets will not be realized .
201d at december 31 , 2005 , the company has provided a valuation
allowance of approximately $ 422.4 million , including approximately $
249.5 million attributable to spectrasite , primarily related to net
operating loss and capital loss carryforwards .
approximately $ 237.8 million of the spectrasite valuation allowance was
assumed as of the acquisition date .
the balance of the valuation allowance primarily relates to net state
deferred tax assets .
the company has not provided a valuation allowance for the remaining
deferred tax assets , primarily its federal net operating loss
carryforwards , as management believes the company will have sufficient
time to realize these federal net operating loss carryforwards during
the twenty-year tax carryforward period .
the company intends to recover a portion of its deferred tax asset
through its federal income tax refund claims related to the carry back
of certain federal net operating losses .
in june 2003 and october 2003 , the company filed federal income tax
refund claims with the irs relating to the carry back of $ 380.0 million
of net operating losses generated prior to 2003 , of which the company
initially anticipated receiving approximately $ 90.0 million .
based on preliminary discussions with tax authorities , the company has
revised its estimate of the net realizable value of the federal income
tax refund claims and anticipates receiving a refund of approximately $
65.0 million as a result of these claims by the end of 2006 .
there can be no assurances , however , with respect to the specific
amount and timing of any refund .
the recoverability of the company 2019s remaining net deferred tax asset
has been assessed utilizing stable state ( no growth ) projections based
on its current operations .
the projections show a significant decrease in depreciation and interest
expense in the later years of the carryforward period as a result of a
significant portion of its assets being fully depreciated during the
first fifteen years of the carryforward period and debt repayments
reducing interest expense .
accordingly , the recoverability of the net deferred tax asset is not
dependent on material improvements to operations , material asset sales
or other non-routine transactions .
based on its current outlook of future taxable income during the
carryforward period , management believes that the net deferred tax
asset will be realized .
the realization of the company 2019s deferred tax assets as of december
31 , 2005 will be dependent upon its ability to generate approximately $
1.3 billion in taxable income from january 1 , 2006 to december 31 ,
2025 .
if the company is unable to generate sufficient taxable income in the
future , or carry back losses , as described above , it will be required
to reduce its net deferred tax asset through a charge to income tax
expense , which would result in a corresponding decrease in stockholders
2019 equity .
from time to time the company is subject to examination by various tax
authorities in jurisdictions in which the company has significant
business operations .
the company regularly assesses the likelihood of additional assessments
in each of the tax jurisdictions resulting from these examinations .
during the year ended .
- >-
contractual obligations for future payments under existing debt and
lease commitments and purchase obli- gations at december 31 , 2005 ,
were as follows : in millions 2006 2007 2008 2009 2010 thereafter ._|
| in millions | 2006 | 2007 | 2008 | 2009 |
2010 | thereafter |
|---:|:---------------------------|:-------|:-------|:-------|:-------|:-------|:-------------|
| 0 | total debt | $ 1181 | $ 570 | $ 308 | $ 2330 |
$ 1534 | $ 6281 |
| 1 | lease obligations | 172 | 144 | 119 | 76 |
63 | 138 |
| 2 | purchase obligations ( a ) | 3264 | 393 | 280 | 240 |
204 | 1238 |
| 3 | total | $ 4617 | $ 1107 | $ 707 | $ 2646 |
$ 1801 | $ 7657 |_( a ) the 2006 amount includes $ 2.4 billion for
contracts made in the ordinary course of business to purchase pulpwood ,
logs and wood chips .
the majority of our other purchase obligations are take-or-pay or
purchase commitments made in the ordinary course of business related to
raw material purchases and energy contracts .
other significant items include purchase obligations related to
contracted services .
transformation plan in july 2005 , the company announced a plan to focus
its business portfolio on two key global platform businesses : uncoated
papers ( including distribution ) and packaging .
the plan also focuses on improving shareholder return through mill
realignments in those two businesses , additional cost improvements and
exploring strategic options for other businesses , includ- ing possible
sale or spin-off .
in connection with this process , in the third quarter of 2005 , the
company completed the sale of its 50.5% ( 50.5 % ) interest in carter
holt harvey limited .
other businesses currently under re- view include : 2022 the coated and
supercalendered papers busi- ness , including the coated groundwood mill
and associated assets in brazil , 2022 the beverage packaging business ,
including the pine bluff , arkansas mill , 2022 the kraft papers
business , including the roa- noke rapids , north carolina mill , 2022
arizona chemical , 2022 the wood products business , and 2022 segments
or potentially all of the company 2019s 6.5 million acres of u.s .
forestlands .
consistent with this evaluation process , the com- pany has distributed
bid package information for some of these businesses .
the exact timing of this evaluation process will vary by business ;
however , it is anticipated that decisions will be made for some of
these businesses during 2006 .
while the exact use of any proceeds from potential future sales is
dependent upon various factors affecting future cash flows , such as the
amount of any proceeds received and changes in market conditions , input
costs and capital spending , the company remains committed to using its
free cash flow in 2006 to pay down debt , to return value to
shareholders , and for se- lective high-return investments .
critical accounting policies the preparation of financial statements in
con- formity with generally accepted accounting principles in the united
states requires international paper to estab- lish accounting policies
and to make estimates that af- fect both the amounts and timing of the
recording of assets , liabilities , revenues and expenses .
some of these estimates require judgments about matters that are in-
herently uncertain .
accounting policies whose application may have a significant effect on
the reported results of operations and financial position of
international paper , and that can require judgments by management that
affect their application , include sfas no .
5 , 201caccounting for contingencies , 201d sfas no .
144 , 201caccounting for the impairment or disposal of long-lived assets
, 201d sfas no .
142 , 201cgoodwill and other intangible assets , 201d sfas no .
87 , 201cemployers 2019 accounting for pensions , 201d sfas no .
106 , 201cemployers 2019 accounting for postretirement benefits other
than pensions , 201d as amended by sfas nos .
132 and 132r , 201cemployers 2019 disclosures about pension and other
postretirement benefits , 201d and sfas no .
109 , 201caccounting for income taxes . 201d the following is a
discussion of the impact of these accounting policies on international
paper : contingent liabilities .
accruals for contingent li- abilities , including legal and
environmental matters , are recorded when it is probable that a
liability has been incurred or an asset impaired and the amount of the
loss can be reasonably estimated .
liabilities accrued for legal matters require judgments regarding
projected outcomes and range of loss based on historical experience and
recommendations of legal counsel .
additionally , as dis- cussed in note 10 of the notes to consolidated
finan- cial statements in item 8 .
financial statements and supplementary data , reserves for projected
future claims settlements relating to exterior siding and roofing prod-
ucts previously manufactured by masonite require judgments regarding
projections of future claims rates and amounts .
international paper utilizes an in- dependent third party consultant to
assist in developing these estimates .
liabilities for environmental matters require evaluations of relevant
environmental regu- lations and estimates of future remediation
alternatives and costs .
international paper determines these esti- mates after a detailed
evaluation of each site .
impairment of long-lived assets and goodwill .
an impairment of a long-lived asset exists when the asset 2019s carrying
amount exceeds its fair value , and is recorded when the carrying amount
is not recoverable through future operations .
a goodwill impairment exists when the carrying amount of goodwill
exceeds its fair value .
assessments of possible impairments of long-lived assets and goodwill
are made when events or changes in cir- cumstances indicate that the
carrying value of the asset .
- >-
management 2019s discussion and analysis environment , for example , to
incorporate changes in stress testing or enhancements to modeling
techniques .
we will continue to evaluate the framework with respect to the impact of
future regulatory requirements , as appropriate .
average common equity attribution1 $ in billions 2017 2016 2015 ._| |
$ in billions | 2017 | 2016 | 2015 |
|---:|:-------------------------|:-------|:-------|:-------|
| 0 | institutional securities | $ 40.2 | $ 43.2 | $ 34.6 |
| 1 | wealth management | 17.2 | 15.3 | 11.2 |
| 2 | investment management | 2.4 | 2.8 | 2.2 |
| 3 | parent company | 10.0 | 7.6 | 18.9 |
| 4 | total | $ 69.8 | $ 68.9 | $ 66.9 |_1 .
average common equity is a non-gaap financial measure .
see 201cselected non-gaap financial information 201d herein .
regulatory developments resolution and recovery planning pursuant to the
dodd-frank act , we are required to periodi- cally submit to the federal
reserve and the fdic a resolution plan that describes our strategy for a
rapid and orderly resolu- tion under the u.s .
bankruptcy code in the event of our material financial distress or
failure .
our preferred resolution strategy , which is set out in our 2017
resolution plan , is an spoe strategy .
we submitted our full 2017 resolution plan on june 30 , 2017 .
as indicated in our 2017 resolution plan , the parent company has
amended and restated its support agreement with its material entities ,
as defined in our 2017 resolution plan .
under the secured amended and restated support agreement , upon the
occur- rence of a resolution scenario , the parent company would be
obligated to contribute or loan on a subordinated basis all of its
contributable material assets , other than shares in subsidi- aries of
the parent company and certain intercompany receiv- ables , to provide
capital and liquidity , as applicable , to our material entities .
the obligations of the parent company under the secured amended and
restated support agreement are in most cases secured on a senior basis
by the assets of the parent company ( other than shares in subsidiaries
of the parent company ) .
as a result , claims of our material entities against the assets of the
parent company ( other than shares in subsidiaries of the parent company
) are effectively senior to unsecured obliga- tions of the parent
company .
in december 2017 , we received joint feedback on our 2017 resolution
plan from the federal reserve and the fdic .
the feedback identified no deficiencies in our 2017 resolution plan but
noted one shortcoming to be remediated in our next resolution plan
submission .
further , the federal reserve and the fdic have extended the next
resolution plan filing deadline for eight large domestic banks ,
including us , by one year to july 1 , 2019 .
for more information about resolution and recovery planning requirements
and our activities in these areas , including the implications of such
activities in a resolution scenario , see 201cbusiness 2014supervision
and regulation 2014financial holding company 2014resolution and recovery
planning 201d and 201crisk factors 2014legal , regulatory and compliance
risk . 201d legacy covered funds under the volcker rule the volcker rule
prohibits 201cbanking entities , 201d including us and our affiliates ,
from engaging in certain 201cproprietary trading 201d activities , as
defined in the volcker rule , subject to exemptions for underwriting ,
market-making-related activities , risk-mitigating hedging and certain
other activities .
the volcker rule also prohibits certain investments and relation- ships
by banking entities with 201ccovered funds , 201d with a number of
exemptions and exclusions .
in june 2017 , we received approval from the federal reserve of our
application for a five-year extension of the transition period to
conform invest- ments in certain legacy volcker covered funds that are
also illiquid funds .
the approval covered essentially all of our non-conforming investments
in , and relationships with , legacy covered funds subject to the
volcker rule .
for more informa- tion about the volcker rule , see 201cbusiness
2014supervision and regulation 2014activities restrictions under the
volcker rule . 201d u.s .
department of labor conflict of interest rule the u.s .
dol 2019s final conflict of interest rule under erisa went into effect
on june 9 , 2017 , with certain aspects subject to phased-in compliance
.
full compliance with the rule 2019s related exemptions is currently
scheduled to be required by july 1 , 2019 .
in addition , the u.s .
dol is undertaking an examination of the rule that may result in changes
to the rule or its related exemptions or a change in the full compliance
date .
for a discussion of the u.s .
dol conflict of interest rule , see 201cbusiness 2014supervision and
regulation 2014instit- utional securities and wealth management . 201d
u.k .
referendum following the u.k .
electorate vote to leave the e.u. , the u.k .
invoked article 50 of the lisbon treaty on march 29 , 2017 , which
triggered a two-year period , subject to extension ( which would need
the unanimous approval of the e.u .
member states ) , during which the u.k .
government is expected to negotiate its withdrawal agreement with the
e.u .
for further discussion of u.k .
referendum 2019s potential impact on our operations , see 201crisk
factors 2014international risk . 201d for further information regarding
our exposure to the u.k. , see also 201cquantitative and qualitative
disclosures about market risk 2014risk management 2014credit risk
2014country risk exposure . 201d 69 december 2017 form 10-k .
- source_sentence: >-
What is the combined impact, in millions, of the reserve equalization,
purchased power capacity, and transmission revenue on the change in net
revenue for Entergy Texas, Inc. and its subsidiaries in 2016 compared to
2015?
sentences:
- >-
item 7 .
management 2019s discussion and analysis of financial condition and
results of operations we are a global integrated energy company with
significant operations in the north america , africa and europe .
our operations are organized into four reportable segments : 2022
exploration and production ( 201ce&p 201d ) which explores for ,
produces and markets liquid hydrocarbons and natural gas on a worldwide
basis .
2022 oil sands mining ( 201cosm 201d ) which mines , extracts and
transports bitumen from oil sands deposits in alberta , canada , and
upgrades the bitumen to produce and market synthetic crude oil and
vacuum gas 2022 integrated gas ( 201cig 201d ) which markets and
transports products manufactured from natural gas , such as liquefied
natural gas ( 201clng 201d ) and methanol , on a worldwide basis .
2022 refining , marketing & transportation ( 201crm&t 201d ) which
refines , markets and transports crude oil and petroleum products ,
primarily in the midwest , upper great plains , gulf coast and
southeastern regions of the united states .
certain sections of management 2019s discussion and analysis of
financial condition and results of operations include forward-looking
statements concerning trends or events potentially affecting our
business .
these statements typically contain words such as 201canticipates , 201d
201cbelieves , 201d 201cestimates , 201d 201cexpects , 201d 201ctargets
, 201d 201cplans , 201d 201cprojects , 201d 201ccould , 201d 201cmay ,
201d 201cshould , 201d 201cwould 201d or similar words indicating that
future outcomes are uncertain .
in accordance with 201csafe harbor 201d provisions of the private
securities litigation reform act of 1995 , these statements are
accompanied by cautionary language identifying important factors ,
though not necessarily all such factors , which could cause future
outcomes to differ materially from those set forth in the
forward-looking statements .
we hold a 60 percent interest in equatorial guinea lng holdings limited
( 201cegholdings 201d ) .
as discussed in note 4 to the consolidated financial statements ,
effective may 1 , 2007 , we ceased consolidating egholdings .
our investment is accounted for using the equity method of accounting .
unless specifically noted , amounts presented for the integrated gas
segment for periods prior to may 1 , 2007 , include amounts related to
the minority interests .
management 2019s discussion and analysis of financial condition and
results of operations should be read in conjunction with the information
under item 1 .
business , item 1a .
risk factors , item 6 .
selected financial data and item 8 .
financial statements and supplementary data .
overview exploration and production prevailing prices for the various
grades of crude oil and natural gas that we produce significantly impact
our revenues and cash flows .
prices were volatile in 2009 , but not as much as in the previous year .
prices in 2009 were also lower than in recent years as illustrated by
the annual averages for key benchmark prices below. ._| |
benchmark | 2009 | 2008 |
2007 |
|---:|:------------------------------------------------|:--------|:--------|:--------|
| 0 | wti crude oil ( dollars per barrel ) | $ 62.09 | $
99.75 | $ 72.41 |
| 1 | dated brent crude oil ( dollars per barrel ) | $ 61.67 | $
97.26 | $ 72.39 |
| 2 | henry hub natural gas ( dollars per mcf ) ( a ) | $ 3.99 | $
9.04 | $ 6.86 |_henry hub natural gas ( dollars per mcf ) ( a ) $ 3.99
$ 9.04 $ 6.86 ( a ) first-of-month price index .
crude oil prices rose sharply through the first half of 2008 as a result
of strong global demand , a declining dollar , ongoing concerns about
supplies of crude oil , and geopolitical risk .
later in 2008 , crude oil prices sharply declined as the u.s .
dollar rebounded and global demand decreased as a result of economic
recession .
the price decrease continued into 2009 , but reversed after dropping
below $ 33.98 in february , ending the year at $ 79.36 .
our domestic crude oil production is about 62 percent sour , which means
that it contains more sulfur than light sweet wti does .
sour crude oil also tends to be heavier than light sweet crude oil and
sells at a discount to light sweet crude oil because of higher refining
costs and lower refined product values .
our international crude oil production is relatively sweet and is
generally sold in relation to the dated brent crude benchmark .
the differential between wti and dated brent average prices narrowed to
$ 0.42 in 2009 compared to $ 2.49 in 2008 and $ 0.02 in 2007. .
- >-
item 7a .
quantitative and qualitative disclosures about market risk ( amounts in
millions ) in the normal course of business , we are exposed to market
risks related to interest rates , foreign currency rates and certain
balance sheet items .
from time to time , we use derivative instruments , pursuant to
established guidelines and policies , to manage some portion of these
risks .
derivative instruments utilized in our hedging activities are viewed as
risk management tools and are not used for trading or speculative
purposes .
interest rates our exposure to market risk for changes in interest rates
relates primarily to the fair market value and cash flows of our debt
obligations .
the majority of our debt ( approximately 89% ( 89 % ) and 91% ( 91 % )
as of december 31 , 2015 and 2014 , respectively ) bears interest at
fixed rates .
we do have debt with variable interest rates , but a 10% ( 10 % )
increase or decrease in interest rates would not be material to our
interest expense or cash flows .
the fair market value of our debt is sensitive to changes in interest
rates , and the impact of a 10% ( 10 % ) change in interest rates is
summarized below .
increase/ ( decrease ) in fair market value as of december 31 , 10% ( 10
% ) increase in interest rates 10% ( 10 % ) decrease in interest rates
._| | as of december 31, | increase/ ( decrease ) in fair market
value 10% ( 10 % ) increasein interest rates | increase/ ( decrease )
in fair market value 10% ( 10 % ) decreasein interest rates |
|---:|---------------------:|:-------------------------------------------------------------------------------------|:-------------------------------------------------------------------------------------|
| 0 | 2015 | $ -33.7 ( 33.7
) |
$
34.7
|
| 1 | 2014 | -35.5 ( 35.5
)
|
36.6
|_we have used interest rate swaps for risk management purposes to
manage our exposure to changes in interest rates .
we do not have any interest rate swaps outstanding as of december 31 ,
2015 .
we had $ 1509.7 of cash , cash equivalents and marketable securities as
of december 31 , 2015 that we generally invest in conservative ,
short-term bank deposits or securities .
the interest income generated from these investments is subject to both
domestic and foreign interest rate movements .
during 2015 and 2014 , we had interest income of $ 22.8 and $ 27.4 ,
respectively .
based on our 2015 results , a 100-basis-point increase or decrease in
interest rates would affect our interest income by approximately $ 15.0
, assuming that all cash , cash equivalents and marketable securities
are impacted in the same manner and balances remain constant from
year-end 2015 levels .
foreign currency rates we are subject to translation and transaction
risks related to changes in foreign currency exchange rates .
since we report revenues and expenses in u.s .
dollars , changes in exchange rates may either positively or negatively
affect our consolidated revenues and expenses ( as expressed in u.s .
dollars ) from foreign operations .
the primary foreign currencies that impacted our results during 2015
included the australian dollar , brazilian real , british pound sterling
and euro .
based on 2015 exchange rates and operating results , if the u.s .
dollar were to strengthen or weaken by 10% ( 10 % ) , we currently
estimate operating income would decrease or increase approximately 4% (
4 % ) , assuming that all currencies are impacted in the same manner and
our international revenue and expenses remain constant at 2015 levels .
the functional currency of our foreign operations is generally their
respective local currency .
assets and liabilities are translated at the exchange rates in effect at
the balance sheet date , and revenues and expenses are translated at the
average exchange rates during the period presented .
the resulting translation adjustments are recorded as a component of
accumulated other comprehensive loss , net of tax , in the stockholders
2019 equity section of our consolidated balance sheets .
our foreign subsidiaries generally collect revenues and pay expenses in
their functional currency , mitigating transaction risk .
however , certain subsidiaries may enter into transactions in currencies
other than their functional currency .
assets and liabilities denominated in currencies other than the
functional currency are susceptible to movements in foreign currency
until final settlement .
currency transaction gains or losses primarily arising from transactions
in currencies other than the functional currency are included in office
and general expenses .
we regularly review our foreign exchange exposures that may have a
material impact on our business and from time to time use foreign
currency forward exchange contracts or other derivative financial
instruments to hedge the effects of potential adverse fluctuations in
foreign currency exchange rates arising from these exposures .
we do not enter into foreign exchange contracts or other derivatives for
speculative purposes. .
- >-
entergy texas , inc .
and subsidiaries management 2019s financial discussion and analysis
results of operations net income 2016 compared to 2015 net income
increased $ 37.9 million primarily due to lower other operation and
maintenance expenses , the asset write-off of its receivable associated
with the spindletop gas storage facility in 2015 , and higher net
revenue .
2015 compared to 2014 net income decreased $ 5.2 million primarily due
to the asset write-off of its receivable associated with the spindletop
gas storage facility and higher other operation and maintenance expenses
, partially offset by higher net revenue and a lower effective tax rate
.
net revenue 2016 compared to 2015 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 2016 to
2015 .
amount ( in millions ) ._| | | amount ( in
millions ) |
|---:|:-------------------------|:-------------------------|
| 0 | 2015 net revenue | $ 637.2 |
| 1 | reserve equalization | 14.3 |
| 2 | purchased power capacity | 12.4 |
| 3 | transmission revenue | 7.0 |
| 4 | retail electric price | 5.4 |
| 5 | net wholesale | -27.8 ( 27.8 ) |
| 6 | other | -4.3 ( 4.3 ) |
| 7 | 2016 net revenue | $ 644.2 |_the reserve
equalization variance is primarily due to a reduction in reserve
equalization expense primarily due to changes in the entergy system
generation mix compared to the same period in 2015 as a result of the
execution of a new purchased power agreement and entergy mississippi
2019s exit from the system agreement , each in november 2015 , and
entergy texas 2019s exit from the system agreement in august 2016 .
see note 2 to the financial statements for a discussion of the system
agreement .
the purchased power capacity variance is primarily due to decreased
expenses due to the termination of the purchased power agreements
between entergy louisiana and entergy texas in august 2016 , as well as
capacity cost changes for ongoing purchased power capacity contracts .
the transmission revenue variance is primarily due to an increase in
attachment o rates charged by miso to transmission customers and a
settlement of attachment o rates previously billed to transmission
customers by miso. .
- source_sentence: >-
What was the average industry segment operating profit for International
Paper from 2003 to 2005?
sentences:
- >-
item 7 .
management 2019s discussion and analysis of financial condition and
results of operations executive summary international paper 2019s
operating results in 2005 were strongly impacted by significantly higher
costs for en- ergy , wood , caustic soda and other raw materials which
reduced operating profits compared with 2004 by $ 586 million .
lower sales volumes were also a negative factor versus 2004 as we took a
significant amount of lack-of-order downtime in our u.s .
uncoated paper and containerboard mills , and downtime in our eastern
european operations to rebuild paper machines in po- land and russia to
add needed uncoated paper and pa- perboard capacity .
we were able to partially offset some of these negative impacts through
operational improvements in our manufacturing operations , im- proved
average pricing for our paper and packaging grades , a more favorable
product mix , and higher earn- ings from forestland and real estate
sales .
looking forward to 2006 , we expect operating prof- its for the first
quarter to be flat with the 2005 fourth quarter .
sales volumes should be seasonally slow in the quarter , but should show
some improvement as the quarter progresses .
price realizations should also improve as previously announced price
increases are im- plemented .
while energy , wood and raw material price movements are mixed , their
impact for the quarter is expected to be flat .
however , we see favorable signs of positive mo- mentum for the
remainder of 2006 .
we anticipate that demand in north america for both uncoated paper and
industrial packaging products will be stronger , and that we will
realize 2005 fourth-quarter and 2006 first-quarter announced price
increases .
additionally , operating rates should improve in 2006 reflecting
announced industry capacity reductions in uncoated papers and container-
board .
we are also starting to see some reductions in natural gas and southern
wood costs that , if the trend continues , should benefit operations as
the year pro- gresses .
in connection with our overall strategic direction , we are evaluating
options for the possible sale or spin-off of certain of our businesses
as previously announced in our transformation plan , with decisions on
certain businesses anticipated during 2006 .
we also will con- tinue to improve our key operations in north america
by realigning our uncoated and packaging mill oper- ations to reduce
costs , improve our products and im- prove our overall profitability .
results of operations industry segment operating profits are used by
international paper 2019s management to measure the earn- ings
performance of its businesses .
management believes that this measure allows a better understanding of
trends in costs , operating efficiencies , prices and volumes .
in- dustry segment operating profits are defined as earnings before
taxes and minority interest , interest expense , corporate items and
corporate special items .
industry segment operating profits are defined by the securities and
exchange commission as a non-gaap financial measure , and are not gaap
alternatives to net income or any other operating measure prescribed by
accounting principles generally accepted in the united states .
international paper operates in six segments : print- ing papers ,
industrial packaging , consumer packaging , distribution , forest
products , and specialty businesses and other .
the following table shows the components of net earnings ( loss ) for
each of the last three years : in millions 2005 2004 2003 ._| | in
millions | 2005 | 2004 |
2003 |
|---:|:-----------------------------------|:-------------|:-------------|:-------------|
| 0 | industry segment operating profits | $ 1923 | $ 2040
| $ 1734 |
| 1 | corporate items | -597 ( 597 ) | -469 ( 469 )
| -466 ( 466 ) |
| 2 | corporate special items* | -147 ( 147 ) | -142 ( 142 )
| -281 ( 281 ) |
| 3 | interest expense net | -593 ( 593 ) | -710 ( 710 )
| -705 ( 705 ) |
| 4 | minority interest | -12 ( 12 ) | -21 ( 21 )
| -80 ( 80 ) |
| 5 | income tax benefit ( provision ) | 285 | -242 ( 242 )
| 56 |
| 6 | discontinued operations | 241 | -491 ( 491 )
| 57 |
| 7 | accounting changes | 2013 | 2013
| -13 ( 13 ) |
| 8 | net earnings ( loss ) | $ 1100 | $ -35 ( 35 )
| $ 302 |_* special items include restructuring and other charges
, net losses on sales and impair- ments of businesses held for sale ,
insurance recoveries and reversals of reserves no lon- ger required .
industry segment operating profits were $ 117 mil- lion lower in 2005
due principally to the impact of higher energy and raw material costs (
$ 586 million ) , lower sales volume ( $ 251 million ) , and unfavorable
for- eign currency translation rates ( $ 27 million ) which more than
offset the benefits from higher average prices ( $ 478 million ) , cost
reduction initiatives , improved operating performance and a more
favorable product mix ( $ 235 million ) , and higher earnings from land
sales ( $ 158 million ) .
the impact of divestitures ( $ 32 million ) , principally the fine
papers and industrial pa- pers businesses , and other items ( $ 36
million ) also had a negative impact in 2005 .
segment operating profit ( in millions ) .
- >-
62 general mills amounts recorded in accumulated other comprehensive
loss unrealized losses from interest rate cash flow hedges recorded in
aoci as of may 27 , 2012 , totaled $ 73.6 million after tax .
these deferred losses are primarily related to interest rate swaps that
we entered into in contemplation of future borrowings and other financ-
ing requirements and that are being reclassified into net interest over
the lives of the hedged forecasted transac- tions .
unrealized losses from foreign currency cash flow hedges recorded in
aoci as of may 27 , 2012 , were $ 1.7 million after-tax .
the net amount of pre-tax gains and losses in aoci as of may 27 , 2012 ,
that we expect to be reclassified into net earnings within the next 12
months is $ 14.0 million of expense .
credit-risk-related contingent features certain of our derivative
instruments contain provisions that require us to maintain an investment
grade credit rating on our debt from each of the major credit rat- ing
agencies .
if our debt were to fall below investment grade , the counterparties to
the derivative instruments could request full collateralization on
derivative instru- ments in net liability positions .
the aggregate fair value of all derivative instruments with
credit-risk-related contingent features that were in a liability
position on may 27 , 2012 , was $ 19.9 million .
we have posted col- lateral of $ 4.3 million in the normal course of
business associated with these contracts .
if the credit-risk-related contingent features underlying these
agreements had been triggered on may 27 , 2012 , we would have been
required to post an additional $ 15.6 million of collateral to
counterparties .
concentrations of credit and counterparty credit risk during fiscal 2012
, wal-mart stores , inc .
and its affili- ates ( wal-mart ) accounted for 22 percent of our con-
solidated net sales and 30 percent of our net sales in the u.s .
retail segment .
no other customer accounted for 10 percent or more of our consolidated
net sales .
wal- mart also represented 6 percent of our net sales in the
international segment and 7 percent of our net sales in the bakeries and
foodservice segment .
as of may 27 , 2012 , wal-mart accounted for 26 percent of our u.s .
retail receivables , 5 percent of our international receiv- ables , and
9 percent of our bakeries and foodservice receivables .
the five largest customers in our u.s .
retail segment accounted for 54 percent of its fiscal 2012 net sales ,
the five largest customers in our international segment accounted for 26
percent of its fiscal 2012 net sales , and the five largest customers in
our bakeries and foodservice segment accounted for 46 percent of its
fis- cal 2012 net sales .
we enter into interest rate , foreign exchange , and cer- tain commodity
and equity derivatives , primarily with a diversified group of highly
rated counterparties .
we continually monitor our positions and the credit rat- ings of the
counterparties involved and , by policy , limit the amount of credit
exposure to any one party .
these transactions may expose us to potential losses due to the risk of
nonperformance by these counterparties ; however , we have not incurred
a material loss .
we also enter into commodity futures transactions through vari- ous
regulated exchanges .
the amount of loss due to the credit risk of the coun- terparties ,
should the counterparties fail to perform according to the terms of the
contracts , is $ 19.5 million against which we do not hold collateral .
under the terms of master swap agreements , some of our transactions
require collateral or other security to support financial instruments
subject to threshold levels of exposure and counterparty credit risk .
collateral assets are either cash or u.s .
treasury instruments and are held in a trust account that we may access
if the counterparty defaults .
note 8 .
debt notes payable the components of notes payable and their respective
weighted-average interest rates at the end of the periods were as
follows: ._| | in millions | may 27 2012 notes payable |
may 27 2012 weighted- average interest rate | may 27 2012
notespayable | weighted-averageinterest rate |
|---:|:-----------------------|:----------------------------|:----------------------------------------------|:---------------------------|:--------------------------------|
| 0 | u.s . commercial paper | $ 412.0 | 0.2% ( 0.2
% ) | $ 192.5 | 0.2% (
0.2 % ) |
| 1 | financial institutions | 114.5 |
10.0 |
118.8 | 11.5 |
| 2 | total | $ 526.5 | 2.4% ( 2.4
% ) | $ 311.3 | 4.5% (
4.5 % ) |_to ensure availability of funds , we maintain
bank credit lines sufficient to cover our outstanding short- term
borrowings .
commercial paper is a continuing source of short-term financing .
we have commercial paper programs available to us in the united states
and europe .
in april 2012 , we entered into fee-paid commit- ted credit lines ,
consisting of a $ 1.0 billion facility sched- uled to expire in april
2015 and a $ 1.7 billion facility .
- >-
page 31 of 94 other liquidity items cash payments required for long-term
debt maturities , rental payments under noncancellable operating leases
, purchase obligations and other commitments in effect at december 31 ,
2007 , are summarized in the following table: ._| | ( $ in millions
) | payments due by period ( a ) total |
payments due by period ( a ) less than 1 year | payments due by period
( a ) 1-3 years | payments due by period ( a ) 3-5 years | payments
due by period ( a ) more than 5 years |
|---:|:------------------------------------------|:-------------------------------------|:------------------------------------------------|:-----------------------------------------|:-----------------------------------------|:-------------------------------------------------|
| 0 | long-term debt | $
2302.6 | $
126.1 | $
547.6 | $
1174.9 | $
454.0 |
| 1 | capital lease obligations |
4.4 |
1.0 |
0.8 |
0.5 |
2.1 |
| 2 | interest payments on long-term debt ( b ) |
698.6 |
142.9 |
246.3 |
152.5 |
156.9 |
| 3 | operating leases |
218.5 |
49.9 |
71.7 |
42.5 |
54.4 |
| 4 | purchase obligations ( c ) |
6092.6 |
2397.2 |
3118.8 |
576.6 |
2013 |
| 5 | common stock repurchase agreements |
131.0 |
131.0 |
2013 |
2013 |
2013 |
| 6 | legal settlement |
70.0 |
70.0 |
2013 |
2013 |
2013 |
| 7 | total payments on contractual obligations | $
9517.7 | $
2918.1 | $
3985.2 | $
1947.0 | $
667.4 |_total payments on
contractual obligations $ 9517.7 $ 2918.1 $ 3985.2 $ 1947.0 $ 667.4 ( a
) amounts reported in local currencies have been translated at the
year-end exchange rates .
( b ) for variable rate facilities , amounts are based on interest rates
in effect at year end and do not contemplate the effects of hedging
instruments .
( c ) the company 2019s purchase obligations include contracted amounts
for aluminum , steel , plastic resin and other direct materials .
also included are commitments for purchases of natural gas and
electricity , aerospace and technologies contracts and other less
significant items .
in cases where variable prices and/or usage are involved , management
2019s best estimates have been used .
depending on the circumstances , early termination of the contracts may
not result in penalties and , therefore , actual payments could vary
significantly .
contributions to the company 2019s defined benefit pension plans , not
including the unfunded german plans , are expected to be $ 49 million in
2008 .
this estimate may change based on plan asset performance .
benefit payments related to these plans are expected to be $ 66 million
, $ 70 million , $ 74 million , $ 77 million and $ 82 million for the
years ending december 31 , 2008 through 2012 , respectively , and a
total of $ 473 million for the years 2013 through 2017 .
payments to participants in the unfunded german plans are expected to be
approximately $ 26 million in each of the years 2008 through 2012 and a
total of $ 136 million for the years 2013 through 2017 .
in accordance with united kingdom pension regulations , ball has
provided an a38 million guarantee to the plan for its defined benefit
plan in the united kingdom .
if the company 2019s credit rating falls below specified levels , ball
will be required to either : ( 1 ) contribute an additional a38 million
to the plan ; ( 2 ) provide a letter of credit to the plan in that
amount or ( 3 ) if imposed by the appropriate regulatory agency ,
provide a lien on company assets in that amount for the benefit of the
plan .
the guarantee can be removed upon approval by both ball and the pension
plan trustees .
our share repurchase program in 2007 was $ 211.3 million , net of
issuances , compared to $ 45.7 million net repurchases in 2006 and $
358.1 million in 2005 .
the net repurchases included the $ 51.9 million settlement on january 5
, 2007 , of a forward contract entered into in december 2006 for the
repurchase of 1200000 shares .
however , the 2007 net repurchases did not include a forward contract
entered into in december 2007 for the repurchase of 675000 shares .
the contract was settled on january 7 , 2008 , for $ 31 million in cash
.
on december 12 , 2007 , in a privately negotiated transaction , ball
entered into an accelerated share repurchase agreement to buy $ 100
million of its common shares using cash on hand and available borrowings
.
the company advanced the $ 100 million on january 7 , 2008 , and
received approximately 2 million shares , which represented 90 percent
of the total shares as calculated using the previous day 2019s closing
price .
the exact number of shares to be repurchased under the agreement , which
will be determined on the settlement date ( no later than june 5 , 2008
) , is subject to an adjustment based on a weighted average price
calculation for the period between the initial purchase date and the
settlement date .
the company has the option to settle the contract in either cash or
shares .
including the settlements of the forward share purchase contract and the
accelerated share repurchase agreement , we expect to repurchase
approximately $ 300 million of our common shares , net of issuances , in
2008 .
annual cash dividends paid on common stock were 40 cents per share in
2007 , 2006 and 2005 .
total dividends paid were $ 40.6 million in 2007 , $ 41 million in 2006
and $ 42.5 million in 2005. .
- source_sentence: >-
What was the debt-to-equity ratio for Republic Services in 2017 based on
the actual asset allocation of 70% debt securities and 30% equity
securities as of December 31, 2017?
sentences:
- >-
republic services , inc .
notes to consolidated financial statements 2014 ( continued ) we
determine the discount rate used in the measurement of our obligations
based on a model that matches the timing and amount of expected benefit
payments to maturities of high quality bonds priced as of the plan
measurement date .
when that timing does not correspond to a published high-quality bond
rate , our model uses an expected yield curve to determine an
appropriate current discount rate .
the yields on the bonds are used to derive a discount rate for the
liability .
the term of our obligation , based on the expected retirement dates of
our workforce , is approximately seven years .
in developing our expected rate of return assumption , we have evaluated
the actual historical performance and long-term return projections of
the plan assets , which give consideration to the asset mix and the
anticipated timing of the plan outflows .
we employ a total return investment approach whereby a mix of equity and
fixed income investments are used to maximize the long-term return of
plan assets for what we consider a prudent level of risk .
the intent of this strategy is to minimize plan expenses by
outperforming plan liabilities over the long run .
risk tolerance is established through careful consideration of plan
liabilities , plan funded status and our financial condition .
the investment portfolio contains a diversified blend of equity and
fixed income investments .
furthermore , equity investments are diversified across u.s .
and non-u.s .
stocks as well as growth , value , and small and large capitalizations .
derivatives may be used to gain market exposure in an efficient and
timely manner ; however , derivatives may not be used to leverage the
portfolio beyond the market value of the underlying investments .
investment risk is measured and monitored on an ongoing basis through
annual liability measurements , periodic asset and liability studies ,
and quarterly investment portfolio reviews .
the following table summarizes our target asset allocation for 2017 and
actual asset allocation as of december 31 , 2017 and 2016 for our plan :
target allocation actual allocation actual allocation ._|
| | targetassetallocation |
2017actualassetallocation | 2016actualassetallocation |
|---:|:------------------|:------------------------|:----------------------------|:----------------------------|
| 0 | debt securities | 72% ( 72 % ) | 70% ( 70 %
) | 72% ( 72 % ) |
| 1 | equity securities | 28 |
30 | 28 |
| 2 | total | 100% ( 100 % ) | 100% ( 100 %
) | 100% ( 100 % ) |_for 2018 , the investment
strategy for pension plan assets is to maintain a broadly diversified
portfolio designed to achieve our target of an average long-term rate of
return of 5.36% ( 5.36 % ) .
while we believe we can achieve a long- term average return of 5.36% (
5.36 % ) , we cannot be certain that the portfolio will perform to our
expectations .
assets are strategically allocated among debt and equity portfolios to
achieve a diversification level that reduces fluctuations in investment
returns .
asset allocation target ranges and strategies are reviewed periodically
with the assistance of an independent external consulting firm. .
- >-
the aes corporation notes to consolidated financial statements december
31 , 2016 , 2015 , and 2014 the following table summarizes the company's
redeemable stock of subsidiaries balances as of the periods indicated (
in millions ) : ._| | december 31, | 2016
| 2015 |
|---:|:---------------------------------------|:-------|:-------|
| 0 | ipalco common stock | $ 618 | $ 460 |
| 1 | colon quotas ( 1 ) | 100 | 2014 |
| 2 | ipl preferred stock | 60 | 60 |
| 3 | other common stock | 4 | 2014 |
| 4 | dpl preferred stock | 2014 | 18 |
| 5 | total redeemable stock of subsidiaries | $ 782 | $ 538
|______________________________ ( 1 ) characteristics of quotas are
similar to common stock .
colon 2014 during the year ended december 31 , 2016 , our partner in
colon increased their ownership from 25% ( 25 % ) to 49.9% ( 49.9 % )
and made capital contributions of $ 106 million .
any subsequent adjustments to allocate earnings and dividends to our
partner , or measure the investment at fair value , will be classified
as temporary equity each reporting period as it is probable that the
shares will become redeemable .
ipl 2014 ipl had $ 60 million of cumulative preferred stock outstanding
at december 31 , 2016 and 2015 , which represented five series of
preferred stock .
the total annual dividend requirements were approximately $ 3 million at
december 31 , 2016 and 2015 .
certain series of the preferred stock were redeemable solely at the
option of the issuer at prices between $ 100 and $ 118 per share .
holders of the preferred stock are entitled to elect a majority of ipl's
board of directors if ipl has not paid dividends to its preferred
stockholders for four consecutive quarters .
based on the preferred stockholders' ability to elect a majority of
ipl's board of directors in this circumstance , the redemption of the
preferred shares is considered to be not solely within the control of
the issuer and the preferred stock is considered temporary equity .
dpl 2014 dpl had $ 18 million of cumulative preferred stock outstanding
as of december 31 , 2015 , which represented three series of preferred
stock issued by dp&l , a wholly-owned subsidiary of dpl .
the dp&l preferred stock was redeemable at dp&l's option as determined
by its board of directors at per-share redemption prices between $ 101
and $ 103 per share , plus cumulative preferred dividends .
in addition , dp&l's amended articles of incorporation contained
provisions that permitted preferred stockholders to elect members of the
dp&l board of directors in the event that cumulative dividends on the
preferred stock are in arrears in an aggregate amount equivalent to at
least four full quarterly dividends .
based on the preferred stockholders' ability to elect members of dp&l's
board of directors in this circumstance , the redemption of the
preferred shares was considered to be not solely within the control of
the issuer and the preferred stock was considered temporary equity .
in september 2016 , it became probable that the preferred shares would
become redeemable .
as such , the company recorded an adjustment of $ 5 million to retained
earnings to adjust the preferred shares to their redemption value of $
23 million .
in october 2016 , dp&l redeemed all of its preferred shares .
upon redemption , the preferred shares were no longer outstanding and
all rights of the holders thereof as shareholders of dp&l ceased to
exist .
ipalco 2014 in february 2015 , cdpq purchased 15% ( 15 % ) of aes us
investment , inc. , a wholly-owned subsidiary that owns 100% ( 100 % )
of ipalco , for $ 247 million , with an option to invest an additional $
349 million in ipalco through 2016 in exchange for a 17.65% ( 17.65 % )
equity stake .
in april 2015 , cdpq invested an additional $ 214 million in ipalco ,
which resulted in cdpq's combined direct and indirect interest in ipalco
of 24.90% ( 24.90 % ) .
as a result of these transactions , $ 84 million in taxes and
transaction costs were recognized as a net decrease to equity .
the company also recognized an increase to additional paid-in capital
and a reduction to retained earnings of 377 million for the excess of
the fair value of the shares over their book value .
no gain or loss was recognized in net income as the transaction was not
considered to be a sale of in-substance real estate .
in march 2016 , cdpq exercised its remaining option by investing $ 134
million in ipalco , which resulted in cdpq's combined direct and
indirect interest in ipalco of 30% ( 30 % ) .
the company also recognized an increase to additional paid-in capital
and a reduction to retained earnings of $ 84 million for the excess of
the fair value of the shares over their book value .
in june 2016 , cdpq contributed an additional $ 24 million to ipalco ,
with no impact to the ownership structure of the investment .
any subsequent adjustments to allocate earnings and dividends to cdpq
will be classified as nci within permanent equity as it is not probable
that the shares will become redeemable. .
- >-
note 17 .
accumulated other comprehensive losses : pmi's accumulated other
comprehensive losses , net of taxes , consisted of the following: ._|
| ( losses ) earnings ( in millions ) | ( losses ) earnings
2015 | ( losses ) earnings 2014 | 2013 |
|---:|:---------------------------------------------|:---------------------------|:---------------------------|:-----------------|
| 0 | currency translation adjustments | $ -6129 ( 6129
) | $ -3929 ( 3929 ) | $ -2207 ( 2207 ) |
| 1 | pension and other benefits | -3332 ( 3332
) | -3020 ( 3020 ) | -2046 ( 2046 ) |
| 2 | derivatives accounted for as hedges |
59 | 123 |
63 |
| 3 | total accumulated other comprehensive losses | $ -9402 ( 9402
) | $ -6826 ( 6826 ) | $ -4190 ( 4190 )
|_reclassifications from other comprehensive earnings the movements in
accumulated other comprehensive losses and the related tax impact , for
each of the components above , that are due to current period activity
and reclassifications to the income statement are shown on the
consolidated statements of comprehensive earnings for the years ended
december 31 , 2015 , 2014 , and 2013 .
the movement in currency translation adjustments for the year ended
december 31 , 2013 , was also impacted by the purchase of the remaining
shares of the mexican tobacco business .
in addition , $ 1 million , $ 5 million and $ 12 million of net currency
translation adjustment gains were transferred from other comprehensive
earnings to marketing , administration and research costs in the
consolidated statements of earnings for the years ended december 31 ,
2015 , 2014 and 2013 , respectively , upon liquidation of subsidiaries .
for additional information , see note 13 .
benefit plans and note 15 .
financial instruments for disclosures related to pmi's pension and other
benefits and derivative financial instruments .
note 18 .
colombian investment and cooperation agreement : on june 19 , 2009 , pmi
announced that it had signed an agreement with the republic of colombia
, together with the departments of colombia and the capital district of
bogota , to promote investment and cooperation with respect to the
colombian tobacco market and to fight counterfeit and contraband tobacco
products .
the investment and cooperation agreement provides $ 200 million in
funding to the colombian governments over a 20-year period to address
issues of mutual interest , such as combating the illegal cigarette
trade , including the threat of counterfeit tobacco products , and
increasing the quality and quantity of locally grown tobacco .
as a result of the investment and cooperation agreement , pmi recorded a
pre-tax charge of $ 135 million in the operating results of the latin
america & canada segment during the second quarter of 2009 .
at december 31 , 2015 and 2014 , pmi had $ 73 million and $ 71 million ,
respectively , of discounted liabilities associated with the colombian
investment and cooperation agreement .
these discounted liabilities are primarily reflected in other long-term
liabilities on the consolidated balance sheets and are expected to be
paid through 2028 .
note 19 .
rbh legal settlement : on july 31 , 2008 , rothmans inc .
( "rothmans" ) announced the finalization of a cad 550 million
settlement ( or approximately $ 540 million , based on the prevailing
exchange rate at that time ) between itself and rothmans , benson &
hedges inc .
( "rbh" ) , on the one hand , and the government of canada and all 10
provinces , on the other hand .
the settlement resolved the royal canadian mounted police's
investigation relating to products exported from canada by rbh during
the 1989-1996 period .
rothmans' sole holding was a 60% ( 60 % ) interest in rbh .
the remaining 40% ( 40 % ) interest in rbh was owned by pmi. .
pipeline_tag: sentence-similarity
library_name: sentence-transformers
metrics:
- cosine_accuracy@1
- cosine_accuracy@3
- cosine_accuracy@5
- cosine_accuracy@10
- cosine_precision@5
- cosine_precision@10
- cosine_recall@5
- cosine_recall@10
- cosine_ndcg@10
- cosine_mrr@10
- cosine_map@100
model-index:
- name: SentenceTransformer based on unsloth/embeddinggemma-300m
results:
- task:
type: information-retrieval
name: Information Retrieval
dataset:
name: Unknown
type: unknown
metrics:
- type: cosine_accuracy@1
value: 0.24122310305775765
name: Cosine Accuracy@1
- type: cosine_accuracy@3
value: 0.6206115515288788
name: Cosine Accuracy@3
- type: cosine_accuracy@5
value: 0.797281993204983
name: Cosine Accuracy@5
- type: cosine_accuracy@10
value: 0.9048697621744054
name: Cosine Accuracy@10
- type: cosine_precision@5
value: 0.15945639864099662
name: Cosine Precision@5
- type: cosine_precision@10
value: 0.09048697621744053
name: Cosine Precision@10
- type: cosine_recall@5
value: 0.797281993204983
name: Cosine Recall@5
- type: cosine_recall@10
value: 0.9048697621744054
name: Cosine Recall@10
- type: cosine_ndcg@10
value: 0.5702160467377297
name: Cosine Ndcg@10
- type: cosine_mrr@10
value: 0.46238427798450427
name: Cosine Mrr@10
- type: cosine_map@100
value: 0.46710971240566307
name: Cosine Map@100
SentenceTransformer based on unsloth/embeddinggemma-300m
This is a sentence-transformers model finetuned from unsloth/embeddinggemma-300m on the generator dataset. It maps sentences & paragraphs to a 768-dimensional dense vector space and can be used for retrieval.
Model Details
Model Description
- Model Type: Sentence Transformer
- Base model: unsloth/embeddinggemma-300m
- Maximum Sequence Length: 8192 tokens
- Output Dimensionality: 768 dimensions
- Similarity Function: Cosine Similarity
- Supported Modality: Text
- Training Dataset:
- generator
Model Sources
- Documentation: Sentence Transformers Documentation
- Repository: Sentence Transformers on GitHub
- Hugging Face: Sentence Transformers on Hugging Face
Full Model Architecture
SentenceTransformer(
(0): Transformer({'transformer_task': 'feature-extraction', 'modality_config': {'text': {'method': 'forward', 'method_output_name': 'last_hidden_state'}}, 'module_output_name': 'token_embeddings', 'max_seq_length': 8192, 'do_lower_case': False, 'architecture': 'PeftModelForFeatureExtraction'})
(1): Pooling({'embedding_dimension': 768, 'pooling_mode': 'mean', 'include_prompt': True})
(2): Dense({'in_features': 768, 'out_features': 3072, 'bias': False, 'activation_function': 'torch.nn.modules.linear.Identity', 'module_input_name': 'sentence_embedding', 'module_output_name': 'sentence_embedding'})
(3): Dense({'in_features': 3072, 'out_features': 768, 'bias': False, 'activation_function': 'torch.nn.modules.linear.Identity', 'module_input_name': 'sentence_embedding', 'module_output_name': 'sentence_embedding'})
(4): Normalize({})
)
Usage
Direct Usage (Sentence Transformers)
First install the Sentence Transformers library:
pip install -U sentence-transformers
Then you can load this model and run inference.
from sentence_transformers import SentenceTransformer
# Download from the 🤗 Hub
model = SentenceTransformer("borntobeignored/embeddinggemma_lora")
# Run inference
queries = [
'What was the debt-to-equity ratio for Republic Services in 2017 based on the actual asset allocation of 70% debt securities and 30% equity securities as of December 31, 2017?',
]
documents = [
'republic services , inc .\nnotes to consolidated financial statements 2014 ( continued ) we determine the discount rate used in the measurement of our obligations based on a model that matches the timing and amount of expected benefit payments to maturities of high quality bonds priced as of the plan measurement date .\nwhen that timing does not correspond to a published high-quality bond rate , our model uses an expected yield curve to determine an appropriate current discount rate .\nthe yields on the bonds are used to derive a discount rate for the liability .\nthe term of our obligation , based on the expected retirement dates of our workforce , is approximately seven years .\nin developing our expected rate of return assumption , we have evaluated the actual historical performance and long-term return projections of the plan assets , which give consideration to the asset mix and the anticipated timing of the plan outflows .\nwe employ a total return investment approach whereby a mix of equity and fixed income investments are used to maximize the long-term return of plan assets for what we consider a prudent level of risk .\nthe intent of this strategy is to minimize plan expenses by outperforming plan liabilities over the long run .\nrisk tolerance is established through careful consideration of plan liabilities , plan funded status and our financial condition .\nthe investment portfolio contains a diversified blend of equity and fixed income investments .\nfurthermore , equity investments are diversified across u.s .\nand non-u.s .\nstocks as well as growth , value , and small and large capitalizations .\nderivatives may be used to gain market exposure in an efficient and timely manner ; however , derivatives may not be used to leverage the portfolio beyond the market value of the underlying investments .\ninvestment risk is measured and monitored on an ongoing basis through annual liability measurements , periodic asset and liability studies , and quarterly investment portfolio reviews .\nthe following table summarizes our target asset allocation for 2017 and actual asset allocation as of december 31 , 2017 and 2016 for our plan : target allocation actual allocation actual allocation ._| | | targetassetallocation | 2017actualassetallocation | 2016actualassetallocation |\n|---:|:------------------|:------------------------|:----------------------------|:----------------------------|\n| 0 | debt securities | 72% ( 72 % ) | 70% ( 70 % ) | 72% ( 72 % ) |\n| 1 | equity securities | 28 | 30 | 28 |\n| 2 | total | 100% ( 100 % ) | 100% ( 100 % ) | 100% ( 100 % ) |_for 2018 , the investment strategy for pension plan assets is to maintain a broadly diversified portfolio designed to achieve our target of an average long-term rate of return of 5.36% ( 5.36 % ) .\nwhile we believe we can achieve a long- term average return of 5.36% ( 5.36 % ) , we cannot be certain that the portfolio will perform to our expectations .\nassets are strategically allocated among debt and equity portfolios to achieve a diversification level that reduces fluctuations in investment returns .\nasset allocation target ranges and strategies are reviewed periodically with the assistance of an independent external consulting firm. .',
'note 17 .\naccumulated other comprehensive losses : pmi\'s accumulated other comprehensive losses , net of taxes , consisted of the following: ._| | ( losses ) earnings ( in millions ) | ( losses ) earnings 2015 | ( losses ) earnings 2014 | 2013 |\n|---:|:---------------------------------------------|:---------------------------|:---------------------------|:-----------------|\n| 0 | currency translation adjustments | $ -6129 ( 6129 ) | $ -3929 ( 3929 ) | $ -2207 ( 2207 ) |\n| 1 | pension and other benefits | -3332 ( 3332 ) | -3020 ( 3020 ) | -2046 ( 2046 ) |\n| 2 | derivatives accounted for as hedges | 59 | 123 | 63 |\n| 3 | total accumulated other comprehensive losses | $ -9402 ( 9402 ) | $ -6826 ( 6826 ) | $ -4190 ( 4190 ) |_reclassifications from other comprehensive earnings the movements in accumulated other comprehensive losses and the related tax impact , for each of the components above , that are due to current period activity and reclassifications to the income statement are shown on the consolidated statements of comprehensive earnings for the years ended december 31 , 2015 , 2014 , and 2013 .\nthe movement in currency translation adjustments for the year ended december 31 , 2013 , was also impacted by the purchase of the remaining shares of the mexican tobacco business .\nin addition , $ 1 million , $ 5 million and $ 12 million of net currency translation adjustment gains were transferred from other comprehensive earnings to marketing , administration and research costs in the consolidated statements of earnings for the years ended december 31 , 2015 , 2014 and 2013 , respectively , upon liquidation of subsidiaries .\nfor additional information , see note 13 .\nbenefit plans and note 15 .\nfinancial instruments for disclosures related to pmi\'s pension and other benefits and derivative financial instruments .\nnote 18 .\ncolombian investment and cooperation agreement : on june 19 , 2009 , pmi announced that it had signed an agreement with the republic of colombia , together with the departments of colombia and the capital district of bogota , to promote investment and cooperation with respect to the colombian tobacco market and to fight counterfeit and contraband tobacco products .\nthe investment and cooperation agreement provides $ 200 million in funding to the colombian governments over a 20-year period to address issues of mutual interest , such as combating the illegal cigarette trade , including the threat of counterfeit tobacco products , and increasing the quality and quantity of locally grown tobacco .\nas a result of the investment and cooperation agreement , pmi recorded a pre-tax charge of $ 135 million in the operating results of the latin america & canada segment during the second quarter of 2009 .\nat december 31 , 2015 and 2014 , pmi had $ 73 million and $ 71 million , respectively , of discounted liabilities associated with the colombian investment and cooperation agreement .\nthese discounted liabilities are primarily reflected in other long-term liabilities on the consolidated balance sheets and are expected to be paid through 2028 .\nnote 19 .\nrbh legal settlement : on july 31 , 2008 , rothmans inc .\n( "rothmans" ) announced the finalization of a cad 550 million settlement ( or approximately $ 540 million , based on the prevailing exchange rate at that time ) between itself and rothmans , benson & hedges inc .\n( "rbh" ) , on the one hand , and the government of canada and all 10 provinces , on the other hand .\nthe settlement resolved the royal canadian mounted police\'s investigation relating to products exported from canada by rbh during the 1989-1996 period .\nrothmans\' sole holding was a 60% ( 60 % ) interest in rbh .\nthe remaining 40% ( 40 % ) interest in rbh was owned by pmi. .',
"the aes corporation notes to consolidated financial statements december 31 , 2016 , 2015 , and 2014 the following table summarizes the company's redeemable stock of subsidiaries balances as of the periods indicated ( in millions ) : ._| | december 31, | 2016 | 2015 |\n|---:|:---------------------------------------|:-------|:-------|\n| 0 | ipalco common stock | $ 618 | $ 460 |\n| 1 | colon quotas ( 1 ) | 100 | 2014 |\n| 2 | ipl preferred stock | 60 | 60 |\n| 3 | other common stock | 4 | 2014 |\n| 4 | dpl preferred stock | 2014 | 18 |\n| 5 | total redeemable stock of subsidiaries | $ 782 | $ 538 |______________________________ ( 1 ) characteristics of quotas are similar to common stock .\ncolon 2014 during the year ended december 31 , 2016 , our partner in colon increased their ownership from 25% ( 25 % ) to 49.9% ( 49.9 % ) and made capital contributions of $ 106 million .\nany subsequent adjustments to allocate earnings and dividends to our partner , or measure the investment at fair value , will be classified as temporary equity each reporting period as it is probable that the shares will become redeemable .\nipl 2014 ipl had $ 60 million of cumulative preferred stock outstanding at december 31 , 2016 and 2015 , which represented five series of preferred stock .\nthe total annual dividend requirements were approximately $ 3 million at december 31 , 2016 and 2015 .\ncertain series of the preferred stock were redeemable solely at the option of the issuer at prices between $ 100 and $ 118 per share .\nholders of the preferred stock are entitled to elect a majority of ipl's board of directors if ipl has not paid dividends to its preferred stockholders for four consecutive quarters .\nbased on the preferred stockholders' ability to elect a majority of ipl's board of directors in this circumstance , the redemption of the preferred shares is considered to be not solely within the control of the issuer and the preferred stock is considered temporary equity .\ndpl 2014 dpl had $ 18 million of cumulative preferred stock outstanding as of december 31 , 2015 , which represented three series of preferred stock issued by dp&l , a wholly-owned subsidiary of dpl .\nthe dp&l preferred stock was redeemable at dp&l's option as determined by its board of directors at per-share redemption prices between $ 101 and $ 103 per share , plus cumulative preferred dividends .\nin addition , dp&l's amended articles of incorporation contained provisions that permitted preferred stockholders to elect members of the dp&l board of directors in the event that cumulative dividends on the preferred stock are in arrears in an aggregate amount equivalent to at least four full quarterly dividends .\nbased on the preferred stockholders' ability to elect members of dp&l's board of directors in this circumstance , the redemption of the preferred shares was considered to be not solely within the control of the issuer and the preferred stock was considered temporary equity .\nin september 2016 , it became probable that the preferred shares would become redeemable .\nas such , the company recorded an adjustment of $ 5 million to retained earnings to adjust the preferred shares to their redemption value of $ 23 million .\nin october 2016 , dp&l redeemed all of its preferred shares .\nupon redemption , the preferred shares were no longer outstanding and all rights of the holders thereof as shareholders of dp&l ceased to exist .\nipalco 2014 in february 2015 , cdpq purchased 15% ( 15 % ) of aes us investment , inc. , a wholly-owned subsidiary that owns 100% ( 100 % ) of ipalco , for $ 247 million , with an option to invest an additional $ 349 million in ipalco through 2016 in exchange for a 17.65% ( 17.65 % ) equity stake .\nin april 2015 , cdpq invested an additional $ 214 million in ipalco , which resulted in cdpq's combined direct and indirect interest in ipalco of 24.90% ( 24.90 % ) .\nas a result of these transactions , $ 84 million in taxes and transaction costs were recognized as a net decrease to equity .\nthe company also recognized an increase to additional paid-in capital and a reduction to retained earnings of 377 million for the excess of the fair value of the shares over their book value .\nno gain or loss was recognized in net income as the transaction was not considered to be a sale of in-substance real estate .\nin march 2016 , cdpq exercised its remaining option by investing $ 134 million in ipalco , which resulted in cdpq's combined direct and indirect interest in ipalco of 30% ( 30 % ) .\nthe company also recognized an increase to additional paid-in capital and a reduction to retained earnings of $ 84 million for the excess of the fair value of the shares over their book value .\nin june 2016 , cdpq contributed an additional $ 24 million to ipalco , with no impact to the ownership structure of the investment .\nany subsequent adjustments to allocate earnings and dividends to cdpq will be classified as nci within permanent equity as it is not probable that the shares will become redeemable. .",
]
query_embeddings = model.encode_query(queries)
document_embeddings = model.encode_document(documents)
print(query_embeddings.shape, document_embeddings.shape)
# [1, 768] [3, 768]
# Get the similarity scores for the embeddings
similarities = model.similarity(query_embeddings, document_embeddings)
print(similarities)
# tensor([[ 0.5397, -0.0544, 0.0456]])
Evaluation
Metrics
Information Retrieval
- Evaluated with
InformationRetrievalEvaluator
| Metric | Value |
|---|---|
| cosine_accuracy@1 | 0.2412 |
| cosine_accuracy@3 | 0.6206 |
| cosine_accuracy@5 | 0.7973 |
| cosine_accuracy@10 | 0.9049 |
| cosine_precision@5 | 0.1595 |
| cosine_precision@10 | 0.0905 |
| cosine_recall@5 | 0.7973 |
| cosine_recall@10 | 0.9049 |
| cosine_ndcg@10 | 0.5702 |
| cosine_mrr@10 | 0.4624 |
| cosine_map@100 | 0.4671 |
Training Details
Training Dataset
generator
- Dataset: generator
- Size: 6,251 training samples
- Columns:
anchorandpositive - Approximate statistics based on the first 100 samples:
anchor positive type string string modality text text details - min: 23 tokens
- mean: 46.41 tokens
- max: 81 tokens
- min: 339 tokens
- mean: 1030.87 tokens
- max: 3198 tokens
- Samples:
anchor positive What was Analog Devices reported interest expense for fiscal year 2009, as listed in its annual report?interest rate to a variable interest rate based on the three-month libor plus 2.05% ( 2.05 % ) ( 2.34% ( 2.34 % ) as of october 31 , 2009 ) .
if libor changes by 100 basis points , our annual interest expense would change by $ 3.8 million .
foreign currency exposure as more fully described in note 2i .
in the notes to consolidated financial statements contained in item 8 of this annual report on form 10-k , we regularly hedge our non-u.s .
dollar-based exposures by entering into forward foreign currency exchange contracts .
the terms of these contracts are for periods matching the duration of the underlying exposure and generally range from one month to twelve months .
currently , our largest foreign currency exposure is the euro , primarily because our european operations have the highest proportion of our local currency denominated expenses .
relative to foreign currency exposures existing at october 31 , 2009 and november 1 , 2008 , a 10% ( 10 % ) unfavorable movement in foreign cur...During the fiscal year ended March 31, 2012, for Abiomed, Inc., did the stock-based compensation expense of $3.3 million for equity awards where prescribed performance milestones were achieved or deemed probable exceed the total fair value of restricted stock and restricted stock units vested during that year?abiomed , inc .
and subsidiaries notes to consolidated financial statements 2014 ( continued ) note 8 .
stock award plans and stock-based compensation ( continued ) restricted stock and restricted stock units the following table summarizes restricted stock and restricted stock unit activity for the fiscal year ended march 31 , 2012 : number of shares ( in thousands ) weighted average grant date fair value ( per share ) ._| | | number of shares ( in thousands ) | weighted average grant date fair value ( per share ) |
|---:|:-----------------------------------------------------------------|:------------------------------------|:-------------------------------------------------------|
| 0 | restricted stock and restricted stock units at beginning of year | 407 | $ 9.84 |
| 1 | granted ...What were the total operating expenses for American Airlines Group in 2018, as reflected in the table detailing annual aircraft fuel consumption and costs?the following table shows annual aircraft fuel consumption and costs , including taxes , for our mainline and regional operations for 2018 , 2017 and 2016 ( gallons and aircraft fuel expense in millions ) .
year gallons average price per gallon aircraft fuel expense percent of total operating expenses ._| | year | gallons | average priceper gallon | aircraft fuelexpense | percent of totaloperating expenses |
|---:|-------:|----------:|:--------------------------|:-----------------------|:-------------------------------------|
| 0 | 2018 | 4447 | $ 2.23 | $ 9896 | 23.6% ( 23.6 % ) |
| 1 | 2017 | 4352 | 1.73 | 7510 | 19.6% ( 19.6 % ) |
| 2 | 2016 | 4347 | 1.42 | 6180 | 17.6% ( 17.6 % ) |_as of december 31 , 2018 , we did not have any fuel hedging contracts outstanding to hedge our ... - Loss:
MultipleNegativesRankingLosswith these parameters:{ "scale": 20.0, "similarity_fct": "cos_sim", "gather_across_devices": false, "directions": [ "query_to_doc" ], "partition_mode": "joint", "hardness_mode": null, "hardness_strength": 0.0 }
Evaluation Dataset
generator
- Dataset: generator
- Size: 883 evaluation samples
- Columns:
anchorandpositive - Approximate statistics based on the first 100 samples:
anchor positive type string string modality text text details - min: 25 tokens
- mean: 44.78 tokens
- max: 83 tokens
- min: 333 tokens
- mean: 1101.61 tokens
- max: 2180 tokens
- Samples:
anchor positive What was the average payment volume per transaction for American Express in 2007, based on its reported payments volume and total number of transactions?largest operators of open-loop and closed-loop retail electronic payments networks the largest operators of open-loop and closed-loop retail electronic payments networks are visa , mastercard , american express , discover , jcb and diners club .
with the exception of discover , which primarily operates in the united states , all of the other network operators can be considered multi- national or global providers of payments network services .
based on payments volume , total volume , number of transactions and number of cards in circulation , visa is the largest retail electronic payments network in the world .
the following chart compares our network with those of our major competitors for calendar year 2007 : company payments volume volume transactions cards ( billions ) ( billions ) ( billions ) ( millions ) visa inc. ( 1 ) .
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$ 2457 $ 3822 50.3 1592 ._| | company | payments volume ( billions ) ...What was the percentage cumulative total return for Citi's common stock over the five-year period ended December 31, 2017, as reflected in the performance graph comparison?performance graph comparison of five-year cumulative total return the following graph and table compare the cumulative total return on citi 2019s common stock , which is listed on the nyse under the ticker symbol 201cc 201d and held by 65691 common stockholders of record as of january 31 , 2018 , with the cumulative total return of the s&p 500 index and the s&p financial index over the five-year period through december 31 , 2017 .
the graph and table assume that $ 100 was invested on december 31 , 2012 in citi 2019s common stock , the s&p 500 index and the s&p financial index , and that all dividends were reinvested .
comparison of five-year cumulative total return for the years ended date citi s&p 500 financials ._| | date | citi | s&p 500 | s&p financials |
|---:|:------------|-------:|----------:|-----------------:|
| 0 | 31-dec-2012 | 100 | 100 | 100 |
| 1 | 31-dec-2013 | 131.8 | 132.4 | 135.6 |
| 2 | 31-dec-2014 | 137 | ...What percentage of Devon Energy's estimated total oil and gas production in MMBOE for 2008 comes from Canadian operations, given that the total estimated production is 243 MMBOE and Canadian operations are estimated to produce 60 MMBOE?the acquisition date is on or after the beginning of the first annual reporting period beginning on or after december 15 , 2008 .
we will evaluate how the new requirements of statement no .
141 ( r ) would impact any business combinations completed in 2009 or thereafter .
in december 2007 , the fasb also issued statement of financial accounting standards no .
160 , noncontrolling interests in consolidated financial statements 2014an amendment of accounting research bulletin no .
51 .
a noncontrolling interest , sometimes called a minority interest , is the portion of equity in a subsidiary not attributable , directly or indirectly , to a parent .
statement no .
160 establishes accounting and reporting standards for the noncontrolling interest in a subsidiary and for the deconsolidation of a subsidiary .
under statement no .
160 , noncontrolling interests in a subsidiary must be reported as a component of consolidated equity separate from the parent 2019s equity .
additionally , the amo... - Loss:
MultipleNegativesRankingLosswith these parameters:{ "scale": 20.0, "similarity_fct": "cos_sim", "gather_across_devices": false, "directions": [ "query_to_doc" ], "partition_mode": "joint", "hardness_mode": null, "hardness_strength": 0.0 }
Training Hyperparameters
Non-Default Hyperparameters
per_device_train_batch_size: 4gradient_accumulation_steps: 8learning_rate: 0.0002num_train_epochs: 1warmup_ratio: 0.1bf16: Truegradient_checkpointing: unsloth
All Hyperparameters
Click to expand
overwrite_output_dir: Falsedo_predict: Falseprediction_loss_only: Trueper_device_train_batch_size: 4per_device_eval_batch_size: 8per_gpu_train_batch_size: Noneper_gpu_eval_batch_size: Nonegradient_accumulation_steps: 8eval_accumulation_steps: Nonetorch_empty_cache_steps: Nonelearning_rate: 0.0002weight_decay: 0.0adam_beta1: 0.9adam_beta2: 0.999adam_epsilon: 1e-08max_grad_norm: 1.0num_train_epochs: 1max_steps: -1lr_scheduler_type: linearlr_scheduler_kwargs: {}warmup_ratio: 0.1warmup_steps: 0log_level: passivelog_level_replica: warninglog_on_each_node: Truelogging_nan_inf_filter: Truesave_safetensors: Truesave_on_each_node: Falsesave_only_model: Falserestore_callback_states_from_checkpoint: Falseno_cuda: Falseuse_cpu: Falseuse_mps_device: Falseseed: 42data_seed: Nonejit_mode_eval: Falseuse_ipex: Falsebf16: Truefp16: Falsefp16_opt_level: O1half_precision_backend: autobf16_full_eval: Falsefp16_full_eval: Falsetf32: Nonelocal_rank: 0ddp_backend: Nonetpu_num_cores: Nonetpu_metrics_debug: Falsedebug: []dataloader_drop_last: Falsedataloader_num_workers: 0dataloader_prefetch_factor: Nonepast_index: -1disable_tqdm: Falseremove_unused_columns: Truelabel_names: Noneload_best_model_at_end: Falseignore_data_skip: Falsefsdp: []fsdp_min_num_params: 0fsdp_config: {'min_num_params': 0, 'xla': False, 'xla_fsdp_v2': False, 'xla_fsdp_grad_ckpt': False}fsdp_transformer_layer_cls_to_wrap: Noneaccelerator_config: {'split_batches': False, 'dispatch_batches': None, 'even_batches': True, 'use_seedable_sampler': True, 'non_blocking': False, 'gradient_accumulation_kwargs': None}parallelism_config: Nonedeepspeed: Nonelabel_smoothing_factor: 0.0optim: adamw_torch_fusedoptim_args: Noneadafactor: Falsegroup_by_length: Falselength_column_name: lengthddp_find_unused_parameters: Noneddp_bucket_cap_mb: Noneddp_broadcast_buffers: Falsedataloader_pin_memory: Truedataloader_persistent_workers: Falseskip_memory_metrics: Trueuse_legacy_prediction_loop: Falsepush_to_hub: Falseresume_from_checkpoint: Nonehub_model_id: Nonehub_strategy: every_savehub_private_repo: Nonehub_always_push: Falsehub_revision: Nonegradient_checkpointing: unslothgradient_checkpointing_kwargs: Noneinclude_inputs_for_metrics: Falseinclude_for_metrics: []eval_do_concat_batches: Truefp16_backend: autopush_to_hub_model_id: Nonepush_to_hub_organization: Nonemp_parameters:auto_find_batch_size: Falsefull_determinism: Falsetorchdynamo: Noneray_scope: lastddp_timeout: 1800torch_compile: Falsetorch_compile_backend: Nonetorch_compile_mode: Noneinclude_tokens_per_second: Falseinclude_num_input_tokens_seen: Falseneftune_noise_alpha: Noneoptim_target_modules: Nonebatch_eval_metrics: Falseeval_on_start: Falseuse_liger_kernel: Falseliger_kernel_config: Noneeval_use_gather_object: Falseaverage_tokens_across_devices: Falseprompts: Nonebatch_sampler: batch_samplermulti_dataset_batch_sampler: proportionalrouter_mapping: {}learning_rate_mapping: {}
Training Logs
| Epoch | Step | Training Loss | cosine_ndcg@10 |
|---|---|---|---|
| -1 | -1 | - | 0.1117 |
| 0.2559 | 50 | 0.1109 | - |
| 0.5118 | 100 | 0.0218 | - |
| 0.7678 | 150 | 0.0112 | - |
| -1 | -1 | - | 0.5702 |
Training Time
- Training: 18.2 minutes
Framework Versions
- Python: 3.11.15
- Sentence Transformers: 5.5.1
- Transformers: 4.56.2
- PyTorch: 2.11.0+cu130
- Accelerate: 1.14.0
- Datasets: 4.3.0
- Tokenizers: 0.22.2
Citation
BibTeX
Sentence Transformers
@inproceedings{reimers-2019-sentence-bert,
title = "Sentence-BERT: Sentence Embeddings using Siamese BERT-Networks",
author = "Reimers, Nils and Gurevych, Iryna",
booktitle = "Proceedings of the 2019 Conference on Empirical Methods in Natural Language Processing",
month = "11",
year = "2019",
publisher = "Association for Computational Linguistics",
url = "https://arxiv.org/abs/1908.10084",
}
MultipleNegativesRankingLoss
@misc{oord2019representationlearningcontrastivepredictive,
title={Representation Learning with Contrastive Predictive Coding},
author={Aaron van den Oord and Yazhe Li and Oriol Vinyals},
year={2019},
eprint={1807.03748},
archivePrefix={arXiv},
primaryClass={cs.LG},
url={https://arxiv.org/abs/1807.03748},
}