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On April 5, 2022, we entered into Euro to U.S. dollar foreign exchange cross-currency swaps to hedge our exposure to adverse foreign currency exchange rate movements between Tennant Company and a wholly owned European subsidiary. We enter into these fixed-to-fixed cross-currency swap agreements to protect a designated monetary amount of the Companys net investment in its Euro functional currency subsidiary against the risk of changes in the Euro to U.S. dollar foreign exchange rate. These cross-currency swaps are designated as net investment hedges. As of December 31, 2023, the cross-currency swaps included 75.0 million of total notional values. These swaps are scheduled to mature in April 2027. | hedge |
the One Year Treasury Constant Maturity, LIBOR, or a prepayment rate of a pool of mortgage-backed securities. In order for interest rate swaps to achieve the desired objective, Sovereign selects interest rate swaps that will have a high degree of correlation to the related financial instrument. Sovereign utilizes non-amortizing interest rate swaps to convert fixed rate liabilities to floating, and floating rate liabilities to fixed, to reduce Sovereign's overall cost of funds. Interest rate caps are generally used to limit the exposure from the repricing and maturity of liabilities and interest rate floors are generally used to limit the exposure from the repricing and maturity of assets. Interest rate caps and floors are also used to limit the exposure created by other interest rate swaps. In certain cases, interest rate caps or floors are simultaneously bought and sold to create a range of protection against changing interest rates while limiting the cost of that protection. Due to competitive conditions, Sovereign originates fixed rate residential mortgages. It exchanges the majority of these loans with FHLMC, FNMA and private investors. The loans are exchanged for cash or marketable fixed rate mortgage-backed securities which are generally sold. This helps insulate Sovereign from the interest rate risk associated with these fixed rate assets. Sovereign uses forward sales, cash sales and options on mortgage-backed securities as means of hedging loans in the mortgage pipeline which are originated for resale. Sovereign's primary funding source is deposits obtained in its own marketplace. Deposit programs at Sovereign are priced to meet management's asset/liability objectives, while taking into account the rates available on investment opportunities and also considering the cost of alternative funding sources. Borrowings are a significant funding source for Sovereign and have primarily been in the form of securities sold under repurchase agreements and advances from the FHLB. Since borrowings are not subject to the market constraints to which deposits are, Sovereign uses borrowings to add flexibility to its interest rate risk position. Table 13 presents the amounts of interest-earning assets and interest-bearing liabilities that are assumed to mature or reprice during the periods indicated at December 31, 1996, and their related average yields and costs. Adjustable and floating rate loans and securities are included in the period in which interest rates are next scheduled to adjust rather than the period in which they mature (in thousands): 28 | hedge |
At December 31, 2006 and 2005, the notional amounts of the interest rate swaps were $287,147,034 and $34,172,300, respectively. For the years ended December 31, 2006 and 2005, the Fund had an unrealized gain of $1,644,474 and $158,569, on these interest rate swaps, respectively. Both are included in accumulated other comprehensive income (loss). The Fund recognized no gain or loss during the year ended December 31, 2006 for hedge ineffectiveness. Assuming market rates remain constant with the rates of December 31, 2006, $1,195,050 of the $1,803,043 in accumulated other comprehensive income is expected to be recognized in earnings over the next 12 months. | hedge |
To mitigate interest rate risk we employ a hedging strategy using derivative financial instruments such as interest rate swaps, which fixes the interest rate on West LB facility at 6.08% and on Merrill Lynch facility at 5.45% on a weighted average basis. At December 31, 2006 and 2005, the notional amounts of the interest rate swaps were $287,147,034 and $34,172,300, respectively. The interest rate swap agreements terminate on various dates ranging from December 2010 to January 2014. | hedge |
Our principal source of financing activities is the issuance of convertible debt with financial institutions. Our principal source of financing activities is the issuance of convertible debt with financial institutions. The foregoing could materially adversely affect our business, financial condition and results of operations. | noise |
Growth in reserves also reflected a GIC deposit of $450 million in the fourth quarter of 2014 under a funding agreement-backed notes issuance program, in which an unaffiliated, non-consolidated statutory trust issues to investors medium-term notes, which are secured by GICs issued by one of the Life Insurance Companies. The implementation of this change reduced the fair value of the GMWB and GMAB liabilities, net of related adjustments to DAC, by approximately $143 million at December 31, 2015, which was more than offset by the addition of an equity / interest rate correlation factor to the valuation model in 2015, as described below. The implementation of this change reduced the fair value of the GMWB and GMAB liabilities, net of related adjustments to DAC, by approximately $143 million at December 31, 2015, which was more than offset by the addition of an equity / interest rate correlation factor to the valuation model in 2015, as described below. | noise |
The scope of the margin requirements and their potential direct impact on OG&E remain unclear because final rules have not been issued. The scope of the margin requirements and their potential direct impact on OG&E remain unclear because final rules have not been issued. There was no balance in Accumulated Other Comprehensive Loss at December 31, 2013. | noise |
The fair value estimates of long-term debt were based upon quotes from major financial institutions taking into consideration current rates offered to us for debt of the same remaining maturities. A 10% strengthening of all currencies against the U.S. dollar compared to December 31, 2007 levels would decrease our 2008 earnings before income taxes by approximately $2.4 million. The underlying intercompany loans are classified as short-term and translation adjustments related to these loans are recorded in other non-operating income or expense. | noise |
Subject to certain exceptions, obligations under the First Lien Term Credit Agreement are secured by: (i) a first lien on all assets of the Company and the Subsidiary Guarantors, other than the ABL Collateral (as defined below), including a first lien on 100% of the stock of material domestic subsidiaries and 65% of the stock of material first-tier foreign subsidiaries (collectively the Term Collateral) and (ii) a second lien on the ABL Collateral. Under the ABL Credit Agreement, the ABL Loans bore interest at the rate of LIBOR plus 2.75%-3.25% per annum or Base Rate (as defined in the ABL Credit Agreement) plus 1.75%-2.25% per annum, based on Excess Availability (as defined in the ABL Credit Agreement) until the ABL Credit Agreement was amended as discussed below. Unless events occur which would alter the likelihood of a fundamental change or reorganization event, the value of the Fundamental Change and Reorganization Conversion reflects the value as of the issuance date, amortized for the passage of time. | noise |
The RHDI Credit Facility, the Dex Media West, and the new Dex Media East credit facilities bear interest at variable rates and, accordingly, our earnings and cash flow are affected by changes in interest rates. The RHDI Credit Facility, the Dex Media West, and the new Dex Media East credit facilities bear interest at variable rates and, accordingly, our earnings and cash flow are affected by changes in interest rates. Under the terms of the agreements, the Company receives variable interest based on three-month LIBOR and pays a fixed rate of interest. | noise |
The rate of interest paid by the Company on the Series U First Mortgage Bonds to the Borrower, a related company, was 5.6% and 6.4% for the years ended December 31, 2002 and 2001, respectively. Series U, in a principal amount of $700, was issued to an indirect subsidiary of the Borrower which, in turn, pledged the Bonds to the Agent for the benefit of the Term Loan lenders. Series U, in a principal amount of $700, was issued to an indirect subsidiary of the Borrower which, in turn, pledged the Bonds to the Agent for the benefit of the Term Loan lenders. | noise |
Since the accounting records of our foreign operations are kept in the respective local currency, any transactions denominated in other currencies are accounted for in the respective local currency at the time of the transaction. Since the accounting records of our foreign operations are kept in the respective local currency, any transactions denominated in other currencies are accounted for in the respective local currency at the time of the transaction. Any foreign currency gain or loss from these transactions, whether realized or unrealized, results in an adjustment to income, which is recorded in Other, net in our Consolidated Statements of Comprehensive Income (Loss). | noise |
With the divestiture of almost all Foods Unaligned international businesses in 1997 and 1998, the portion of the Combined Companies' revenue and operating income derived from the international operations is reduced. The Company is investigating the impact of this pronouncement, but does not expect it to have a material impact on the Company's results of operations, financial position or cash flows. The Company is investigating the impact of this pronouncement, but does not expect it to have a material impact on the Company's results of operations, financial position or cash flows. | noise |
This analysis indicated that a 10 percent increase in interest rates would not have a material effect on our consolidated financial position, results of operations or cash flows. Actual changes in interest rates and their impact on us could differ materially from this hypothetical analysis. Interest payments are made quarterly on a net settlement basis. | noise |
Interest expenses, net, for 2002 were reduced by $6,328,000 from 2001 primarily due to $318,430,000 in reductions to long-term debt principal in December 2001, April 2002 and May 2002, partially offset by $290,000,000 of LNG Holdings debt issued in December 2001. As of December 31, 2003, floating rate London Inter Bank Offered Rate (LIBOR) based interest payments were exchanged for weighted fixed rate interest payments of 5.08%. As of December 31, 2003, floating rate London Inter Bank Offered Rate (LIBOR) based interest payments are exchanged for weighted fixed rate interest payments of 5.08%. | noise |
Net deferred translation gains of $41.7 million and $37.4 million for 2008 and 2007, respectively, were included in accumulated other comprehensive (loss) income in stockholders (deficit) equity on the Consolidated Balance Sheets. Exchange rates can also impact settlement of our intercompany receivables and payables that result from transfers of finished goods inventories between our affiliates in different countries, and intercompany loans. The revaluation of these loans is reflected as a deferred translation gain or loss and thereby offsets a portion of the translation adjustment of the applicable foreign subsidiaries net assets. | noise |
The judgment applied in the election of the normal purchases and sales exception (and resulting accrual accounting) includes the conclusion that it is probable at the inception of the contract and throughout its term that it will result in physical delivery and that the quantities will be used or sold by the business over a reasonable period in the normal course of business. The judgment applied in the election of the normal purchases and sales exception (and resulting accrual accounting) includes the conclusion that it is probable at the inception of the contract and throughout its term that it will result in physical delivery and that the quantities will be used or sold by the business over a reasonable period in the normal course of business. The judgment applied in the election of the normal purchases and sales exception (and resulting accrual accounting) includes the conclusion that it is probable at the inception of the contract and throughout its term that it will result in physical delivery and that the quantities will be used or sold by the business over a reasonable period in the normal course of business. | noise |
This amount is composed of various unamortized gains and losses related to specific debts which are reflected in Accumulated other comprehensive loss and are amortized to Net interest expense in the period that interest on the related debt is charged. The accounts of the Companys foreign subsidiaries are translated into Canadian dollars using the year-end exchange rate for assets and liabilities and the average exchange rates during the year for revenues, expenses, gains, and losses. Personal injuries and train accidents are indicators of the effectiveness of the Company's safety systems, and are used by management to evaluate and, as necessary, alter the Company's safety systems, procedures, and protocols. | noise |
NW Natural enters into short-term and long-term natural gas purchase contracts with demand and commodity fixed-price and variable-price components, along with associated short-term and long-term natural gas transportation contracts. Such contracts are purchased in an amount up to 100 percent but not less than 80 percent of estimated daily requirements for commodity gas purchased in Canadian currency from gas suppliers in Canada. The costs of natural gas commodity and certain pipeline services are subject to changes in the value of Canadian currency in relation to U. | noise |
The effective portion of foreign exchange gains or losses on the remeasurement of the debt is recognized in the foreign currency translation component of accumulated other comprehensive loss with the related offset in long-term debt. The Company repurchased $500 million of long-term debt through a cash tender offer and redeemed 1.0 billion ($1.1 billion) of long-term debt following the issuance of new senior unsecured notes in 2015. If our net investment decreases below the equivalent value of the non-U.S. debt borrowings, the change in the remeasurement basis of the debt would be subject to recognition in income as changes occur. | noise |
Changes in interest rates affect the amounts of interest earned on the Company's cash equivalents and short-term investments (approximately $29.1 million at December 31, 1998). Changes in interest rates affect the amounts of interest earned on the Company's cash equivalents and short-term investments (approximately $29.1 million at December 31, 1998). The carrying amount of the Company's borrowings under its revolving lines of credit approximates fair value, as the obligations bear interest at a floating rate. | noise |
These amounts are presented on a gross basis with offsetting balances that reconcile to a net asset or liability position on our consolidated balance sheets. We present on a net basis to reflect the net settlement of these positions in accordance with provisions of our master netting arrangements. See Note 13 Debt in the Notes to Consolidated Financial Statements for additional information on these financing arrangements. | noise |
Included in net interest expense was $42 million and $85 million of interest income in fiscal 2011 and 2010, respectively, principally from the Notes received in connection with the divestiture of the trading and merchandising business in fiscal 2009. Amounts representing a right to reclaim cash collateral of $13.2 million and $7.8 million were included in prepaid expenses and other current assets in our consolidated balance sheets at May 27, 2012 and May 29, 2011, respectively. Con Agra Foods is a food company that operates in many sectors of the food industry, with a significant focus on the sale of branded and value-added consumer products, as well as foodservice products and ingredients. | noise |
United States 50.10 % Sells polycrystalline silicon products
The Kuwait Olefins Company K.S.C.C. United States 50.10 % Sells polycrystalline silicon products
The Kuwait Olefins Company K.S.C.C. Kuwait 42.50 % Manufactures ethylene and ethylene glycol
The Kuwait Styrene Company K.S.C.C. | noise |
Our assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the fair value of the assets and liabilities and their placement within the fair value hierarchy. We can store up to approximately 6.5 million gallons of propane (including leased storage and rail cars) during the winter season to meet our customers peak requirements and to serve metered customers. Our natural gas, electric and propane distribution operations have entered into agreements with suppliers to purchase natural gas, electricity and propane for resale to their customers. | noise |
The ISDA allows for offsetting of amounts payable or receivable between the Company and the counterparty, at the election of both parties, for transactions that occur on the same date and in the same currency. Accordingly, the entire $17.6 million balance of Goodwill was impaired on that date, resulting in no remaining amounts subject to impairment. Accordingly, the entire $17.6 million balance of Goodwill was impaired on that date, resulting in no remaining amounts subject to impairment. | noise |
Foreign currency translation adjustments included in comprehensive income (loss) which are deemed permanent investments in international affiliates were not tax effected. The company's transactions in its foreign operations are denominated primarily in the following currencies: Euro, Indian Rupee, Chinese Renminbi, and British Pound. Gains and losses related to non-designated foreign currency exchange contracts are recorded in Cost of sales in the companys consolidated statements of operations. | noise |
This Guaranty shall in all respects be a continuing, absolute, unconditional and irrevocable guaranty of payment, and shall remain in full force and effect until the Termination Date has occurred. This Guaranty shall in all respects be a continuing, absolute, unconditional and irrevocable guaranty of payment, and shall remain in full force and effect until the Termination Date has occurred. The liability of each Guarantor under this Guaranty shall be joint and several, absolute, unconditional and irrevocable irrespective of: | noise |
Based on a hypothetical 100 basis point increase or decrease in interest rates (1%), our annual interest expense could increase or decrease by approximately $0. As of December 31, 2023, there was an outstanding balance of $0 under the Credit Agreement which also has variable interest rates. If we cannot service our fixed charges, it would have a material adverse effect on our business and results of operations. | noise |
Global Equity Securities consists of publicly traded diversified growth funds invested across a broad range of traditional and alternative asset classes that may include, but are not limited to: equities, investment grade and high yield bonds, property, private equity, infrastructure, commodities and currencies. The fair values are based on inputs other than quoted prices that are observable for the asset or liability. The fair values are based on inputs other than quoted prices that are observable for the asset or liability. | noise |
The Company's $7,190 mortgage note payable is secured by real property, is payable in monthly installments ranging from $15 to $28 during its term and matures on March 2013. The Company may make additional contributions to the plan based on the attainment of certain performance targets set by the Company. The Company's $1,338 note payable bears interest at 6.09%, is due in October 2005 and is secured by a one-third interest in Chroma. | noise |
RIP, partially offset by $6.9 million of foreign currency translation adjustments that were reclassified out of accumulated other comprehensive income (AOCI) upon the sale of our idled mineral fiber plant in China and the absence of $80.2 million of foreign currency translation adjustments that were reclassified out of AOCI concurrent with the Sale in third quarter of 2019. The fair value of collective trust funds have been classified as Level 2 assets above as their values were derived based on the underlying securities in the funds portfolio which is typically the amount which the fund might reasonably expect to receive for the security upon a current sale. Unallocated Corporate includes assets, liabilities, income and expenses that have not been allocated to our other business segments and consists of: cash and cash equivalents, the net funded status of our U.S. | noise |
A model was developed to analyze the observed changes in the value of limited partnerships held by the Company over a multiple year period along with the corresponding changes in various equity indices. Our debt is primarily denominated in U.S. dollars and has been primarily issued at fixed rates, therefore, interest expense would not be impacted by interest rate shifts. Our debt is primarily denominated in U.S. dollars and has been primarily issued at fixed rates, therefore, interest expense would not be impacted by interest rate shifts. | noise |
The fair value amounts below are presented on a gross basis and do not reflect the netting of asset and liability positions permitted under the terms of our master netting arrangements including cash collateral on deposit with, or received from, brokers. Additionally, our refining gross margin is impacted by the changing crude oil price differentials, which is the difference between the benchmark crude oils, WTI and Brent crude oil (Brent), and the actual crude oil we run at our refineries. Additionally, our refining gross margin is impacted by the changing crude oil price differentials, which is the difference between the benchmark crude oils, WTI and Brent crude oil (Brent), and the actual crude oil we run at our refineries. | noise |
Unrealized gains or losses on securities are net of any reclassification adjustments for realized gains or losses included in consolidated net income (loss). The companys interest expense, in part, is sensitive to the general level of interest rates in North America, Europe, and the Asia Pacific region. Products to certain countries, including China, India, Russia, and other countries in which the company operates. | noise |
If the FIFO method of accounting had been used by the Company, domestic gold and silver inventories at February 28, 1997 and February 29, 1996 would have been $3,425,000 and $4,712,000 higher, respectively. If the FIFO method of accounting had been used by the Company, domestic gold and silver inventories at February 28, 1997 and February 29, 1996 would have been $3,425,000 and $4,712,000 higher, respectively. Gains or losses on these contracts are included in the translation adjustment component of stockholders' equity. | noise |
Although operating margins were not significantly impacted, foreign currency translation, primarily due to a stronger U.S. dollar, negatively impacted operating profit by six percent compared to 2014. Although operating margins were not significantly impacted, foreign currency translation, primarily due to a stronger U.S. dollar, negatively impacted operating profit by six percent compared to 2014. The unrecognized net loss and prior service cost, net, is reported net of income tax benefit of $186 million and $199 million at December 31, 2015 and 2014, respectively. | noise |
The Company monitors the credit quality of the major national and regional financial institutions with which it enters into such contracts. The unrealized loss on contracts outstanding at January 30, 2010 was less than $0.1 million based on current spot rates. The loss based on spot rates under these contracts at January 30, 2010 was less than $0.1 million. | noise |
As we transition from 2015 to 2016 we have seen a marked increase in the price of egg-based ingredients due to a significant outbreak of avian influenza in the United States. As we transition from 2015 to 2016 we have seen a marked increase in the price of egg-based ingredients due to a significant outbreak of avian influenza in the United States. We purchase a variety of commodities and other raw materials, such as soybean oil, flour and dairy-based materials, which we use to manufacture our products. | noise |
Absent the impact of foreign currency translation, increases in prepaid royalties, primarily related to prepaid royalties previously recorded as long-term which have become current related to the MARVEL license, as well as deferred income taxes were partially offset by lower non-income-based tax receivables compared to 2011 as a result of collections in 2012. Absent the impact of foreign currency translation, increases in prepaid royalties, primarily related to prepaid royalties previously recorded as long-term which have become current related to the MARVEL license, as well as deferred income taxes were partially offset by lower non-income-based tax receivables compared to 2011 as a result of collections in 2012. The fair value was recorded as an adjustment to long-term debt and is now being amortized through the consolidated statements of operations over the life of the remaining long-term debt using a straight-line method. | noise |
Subsequent to the expiration the parties have met to discuss a long-term arrangement for use of the Company's and MEPCO's rights of way for the proposed pipeline, but the Company cannot predict whether final agreement on such an arrangement will be reached. Subsequent to the expiration the parties have met to discuss a long-term arrangement for use of the Company's and MEPCO's rights of way for the proposed pipeline, but the Company cannot predict whether final agreement on such an arrangement will be reached. Subsequent to the expiration the parties have met to discuss a long-term arrangement for use of the Company's and MEPCO's rights of way for the proposed pipeline, but the Company cannot predict whether final agreement on such an arrangement will be reached. | noise |
In the view of management, the above unrealized losses resulting from the hypothetical changes in foreign currency exchange rates are not material to the Corporation's consolidated financial position, results of operations or cash flows. Also, the extremely competitive and challenging economic environments in Mexico and developing countries in eastern Europe and Latin America may slow the Corporation's sales growth and earnings potential. Also, the extremely competitive and challenging economic environments in Mexico and developing countries in eastern Europe and Latin America may slow the Corporation's sales growth and earnings potential. | noise |
SPPC received a payment of $11.3 million from the counterparty and recorded the amount as a premium on long term debt and NPC made a payment to the counterparty of $546 thousand and recorded the amount as a discount on long term debt. The normal purchases and normal sales exception requires, among other things, physical delivery in quantities expected to be used or sold over a reasonable period in the normal course of business. The normal purchases and normal sales exception requires, among other things, physical delivery in quantities expected to be used or sold over a reasonable period in the normal course of business. | noise |
Investment, interest and other income (expense), net, includes income (expense) from the Companys investment in these partnerships for the years ended December 31, 2007, 2006 and 2005 of $(4.4) million, $(0.6) and $7.3 million, respectively. Investment, interest and other income (expense), net, includes income (expense) from the Companys investment in these partnerships for the years ended December 31, 2007, 2006 and 2005 of $(4.4) million, $(0.6) and $7.3 million, respectively. Investment, interest and other income (expense), net, includes income (expense) from the Companys investment in these partnerships for the years ended December 31, 2007, 2006 and 2005 of $(4.4) million, $(0.6) and $7.3 million, respectively. | noise |
For purposes of this definition, "claim" shall have the meaning assigned in Section 101(5) of the Bankruptcy Code of 1978, as amended and in effect on the date of the execution of this Indenture. In addition, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered. In addition, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered. | noise |
If interest rates were to increase, our debt service obligations on the variable rate indebtedness would increase even though the amount borrowed remained the same, and our net income and cash flows, including cash available for servicing our indebtedness, would correspondingly decrease. At December 31, 2016, approximately 12% of our total debt is subject to variable rates of interest. As of December 31, 2016, 88% of our long-term debt had fixed interest rates. | noise |
Net revenues, excluding the gains from the sale of the CSFB _direct_ LLC, DLJ _direct_ Ltd _._ and Autranet, LLC businesses and the assignment of the lease and sale of leasehold improvements at 277 Park Avenue, declined 18% for the year ended December 31, 2002 compared to the year ended December 31, 2001. Net revenues, excluding the gains from the sale of the CSFB _direct_ LLC, DLJ _direct_ Ltd _._ and Autranet, LLC businesses and the assignment of the lease and sale of leasehold improvements at 277 Park Avenue, declined 18% for the year ended December 31, 2002 compared to the year ended December 31, 2001. The decreased revenues in NASDAQ equities were partially offset by increased commission revenue due to a change in the pricing structure from one based on trading, in which revenues were generally derived from the difference between the bid and ask prices, to one based on commissions. | noise |
The fair value of long-term debt at December 31, 2013 and 2012 amounted to $3.9 billion and $19.6 billion, respectively (average interest rates of 5.3% and 2.9% as of December 31, 2013 and 2012, respectively) with maturities through 2040. The fair value of long-term debt at December 31, 2013 and 2012 amounted to $3.9 billion and $19.6 billion, respectively (average interest rates of 5.3% and 2.9% as of December 31, 2013 and 2012, respectively) with maturities through 2040. USE OF ESTIMATES The financial statements have been prepared in accordance with generally accepted accounting principles in the United States and necessarily include amounts based on estimates and assumptions by management. | noise |
Our effective tax rate was approximately 33% and 38% for 2000 and 1999, respectively, excluding restructuring and other related charges, acquisition-related integration and in-process research and development charges, the tax valuation release, and significant gains from dispositions of assets. Our effective tax rate was approximately 33% and 38% for 2000 and 1999, respectively, excluding restructuring and other related charges, acquisition-related integration and in-process research and development charges, the tax valuation release, and significant gains from dispositions of assets. Since a substantial portion of our operations and revenue occur outside the U.S., and in currencies other than the U.S. dollar, our results can be significantly impacted by changes in foreign currency exchange rates. | noise |
Based on the commercial paper balance outstanding at October 31, 2001, a 100 basis point increase in the average issuance rate for Massey's commercial paper would increase Massey's annual interest expense by approximately $2.6 million. At October 31, 2001, Massey had $258.2 million of aggregate principal amount of commercial paper outstanding ($257.9 million net of discount). Massey's interest expense is sensitive to changes in the general level of interest rates in the United States. | noise |
The judgment applied in the election of a contract as normal (and resulting accrual accounting) includes the conclusion that it is probable at the inception of the contract and throughout its term that it will result in physical delivery of the underlying product and that the quantities will be used or sold by the business in the normal course of business. Fair value measurement guidance is also applied to valuations of the investments used to calculate the funded status of pension and PBOP plans, the nonrecurring fair value measurements of nonfinancial assets such as goodwill, long-lived assets, equity method investments, and AROs, and in the valuation of the acquisition of CMAs assets in 2020. If facts and circumstances change and management can no longer support this conclusion, then a contract cannot be considered normal, accrual accounting is terminated, and fair value accounting is applied prospectively. | noise |
Although long-term natural gas supplies appear adequate to meet projected demand, gas prices can be influenced significantly by short-term fundamentals such as weather, storage levels, gas transportation interruptions, and competing fuel prices. Although long-term natural gas supplies appear adequate to meet projected demand, gas prices can be influenced significantly by short-term fundamentals such as weather, storage levels, gas transportation interruptions, and competing fuel prices. The inability of gas suppliers to replenish depleted natural gas storage inventories after the harsh winter of 1995-1996 is responsible for much of this increase. | noise |
The remainder of the charges are primarily related to the company's plans and actions to integrate the operations of Betz Dearborn and improve the efficiencies of its existing operations and support activities. The remainder of the charges are primarily related to the company's plans and actions to integrate the operations of Betz Dearborn and improve the efficiencies of its existing operations and support activities. Long-term debt: Present value of expected cash flows related to existing borrowings discounted at rates currently available to the company for long-term borrowings with similar terms and remaining maturities. | noise |
In March 1998, the company borrowed the Swiss franc denominated equivalent of approximately $20 million under a floating rate promissory note due in the year 2003. In March 1998, the company entered into a $10 million floating rate promissory note due in the year 2001. Such deferred unrealized gains and losses at December 31, 1998, 1997 and 1996 were not significant. | noise |
ACC did not reclassify any net pretax gains or losses for the years ended December 31, 2008, 2007 and 2006, respectively. That failure could have an adverse effect on ACC's financial condition and results of operations that could be material. Changes in fair value are reflected in provision for certificate reserves within the statements of operations. | noise |
Global payment services fees increased 2% for the full year, because of higher funds transfer volumes and increased multi-currency activity from existing clients, as well as the addition of new clients, which offset continued weakness in global trade services. Global payment services fees increased 2% for the full year, because of higher funds transfer volumes and increased multi-currency activity from existing clients, as well as the addition of new clients, which offset continued weakness in global trade services. For the year 2002, private client services and asset management fees were up 9% from the previous year, reflecting several acquisitions and core growth in alternative investments and retail investment products. | noise |
The company utilizes a Monte Carlo simulation, with a 95 percent confidence level, using implied volatilities and correlations (as of the measurement date) to estimate this potential loss. The company utilizes a Monte Carlo simulation, with a 95 percent confidence level, using implied volatilities and correlations (as of the measurement date) to estimate this potential loss. In circumstances where the underlying assets or liabilities are sold or no longer exist, any remaining carrying value adjustments are recognized in other income or expense. | noise |
Interest expense incurred annually related to the company's variable rate debt and credit lines is dependent upon the amount outstanding during the year and the extent to which interest rates rise or fall. The maturity for debt issued under the credit lines is generally less than 30 days, while the variable rate debt has maturities beginning in 2007 and extending through 2030. The company currently has approximately $388.8 million of variable rate debt and credit line debt outstanding. | noise |
Until this accounting guidance is finalized, the Company cannot determine the ultimate impact it may have on the Company's consolidated financial statements. Until this accounting guidance is finalized, the Company cannot determine the ultimate impact it may have on the Company's consolidated financial statements. Until this accounting guidance is finalized, the Company cannot determine the ultimate impact it may have on the Company's consolidated financial statements. | noise |
Although certain changes in assets and liabilities are reported as separate components of the equity section of the consolidated balance sheet, such items, along with net income, are components of comprehensive income or loss. **Short-term investments ** The Companys short-term investments in 2009 consisted primarily of auction rate securities (ARS), which were classified as trading securities. In addition, as of December 31, 2009, the Companys portfolio of ARS were valued using a valuation model that relied exclusively on Level 3 inputs. | noise |
Prior to liquidation, the trading securities portfolio consisted primarily of the common stock of various publicly traded companies and was included in current assets at fair value. Prior to liquidation, the trading securities portfolio consisted primarily of the common stock of various publicly traded companies and was included in current assets at fair value. Our policy is to quarterly review these investments for impairment by assessing such factors as continued commercial viability of products, cash flow and earnings. | noise |
The Company issues standby letters of credit, which include performance and financial guarantees, on behalf of customers in connection with contracts between the customers and third parties whereby the Company assures that the third parties will receive specified funds if customers fail to meet their contractual obligations. The Company issues standby letters of credit, which include performance and financial guarantees, on behalf of customers in connection with contracts between the customers and third parties whereby the Company assures that the third parties will receive specified funds if customers fail to meet their contractual obligations. Pay Rates 5.07 % 4.44 % 4.81 % 6.12 % 4.47 % 5.19 % 4.97 %
Weighted Avg. | noise |
During 2005, approximately 24% of our consolidated revenue was from customers outside of the United States, and we have operating facilities in foreign countries. During 2005, approximately 24% of our consolidated revenue was from customers outside of the United States, and we have operating facilities in foreign countries. The differential to be paid or received based on changes in interest rates was recorded as an adjustment to interest expense in the statement of earnings. | noise |
A sensitivity analysis to measure the potential impact that a change in interest rates would have on the Company's net income indicates that a one-percentage point decrease in interest rates, which represents a greater than 10% change, would increase the Company's net financial expense by approximately $3 and $4 based on 2004 and 2003 year-end positions, respectively. The overall increase was also impacted by a $22 decrease in cash payments made for severance and other related costs in connection with the Company's restructuring programs (see _Note 20 34 Restructuring Charges and Asset Write-offs_) and a decrease in funding of its U.S. pension plan in 2003. The overall increase was also impacted by a $22 decrease in cash payments made for severance and other related costs in connection with the Company's restructuring programs (see _Note 20 34 Restructuring Charges and Asset Write-offs_) and a decrease in funding of its U.S. pension plan in 2003. | noise |
In addition, Canada-based SATCOM derives a major portion of its sales from agreements in U.S. dollars; as a result, a stronger Canadian dollar would increase our costs relative to our U.S. net sales, and we are unlikely to recover these increased costs through higher U.S. dollar prices due to competitive conditions. We spent $18.8 million, $15.8 million and $11.8 million in 2007, 2006 and 2005, respectively, on company-sponsored research and development. We record changes in the fair value of these contracts in our consolidated statements of operations. | noise |
RECENT ACCOUNTING PRONOUNCEMENTS In March 1998, the American Institute of Certified Public Accountants ("AICPA") issued Statement of Position ("SOP") No. 98-1, "Software for Internal Use", which provides guidance on accounting for the cost of computer software developed or obtained for internal use. RECENT ACCOUNTING PRONOUNCEMENTS In March 1998, the American Institute of Certified Public Accountants ("AICPA") issued Statement of Position ("SOP") No. 98-1, "Software for Internal Use", which provides guidance on accounting for the cost of computer software developed or obtained for internal use. The provision for income taxes increased to $0.5 million for the year ended December 31, 1998 primarily due to the Acquisition and the conversion of the Company from an "S" Corporation to a "C" Corporation, which resulted in the Company becoming a fully taxable entity in the year ended December 31, 1998. | noise |
On October 29, 2004, we completed the sale of our paper, forest products and timberland assets to affiliates of Boise Cascade, L.L.C., a new company formed by Madison Dearborn Partners LLC, and recorded a $280.6 million pre-tax gain. 2004 included the results of our Boise Building Solutions and Boise Paper Solutions segments through October 28, 2004. Part of the consideration we received in connection with the Sale consisted of timber installment notes receivable. | noise |
We pay the majority of expenses attributable to our foreign operations in the functional currency of the country in which such operations are conducted, and in 2017 a significant portion of our revenue was generated in currencies other than the U.S. We pay the majority of expenses attributable to our foreign operations in the functional currency of the country in which such operations are conducted, and in 2017 a significant portion of our revenue was generated in currencies other than the U.S. We do not enter into non-exchange traded contracts that require the use of fair value estimation techniques, but if we did, they could have a material impact on our financial results. | noise |
Credit enhancements include over-collateralization (when the principal amount of the securitized assets exceeds the principal amount of related asset-backed securities), segregated cash reserve funds, subordinated securities, and excess spread (when interest collections on the securitized assets exceed the related fees and expenses, including interest payments on the related asset-backed securities). Credit enhancements include over-collaterization (when the principal amount of the securitized assets exceeds the principal amount of related asset-backed securities), segregated cash reserve funds, subordinated securities, and excess spread (when interest collections on the securitized assets exceed the related fees and expenses, including interest payments on the related asset-backed securities). These committed liquidity programs have varying maturity dates, with $21.7 billion having maturities within the next twelve months (of which $7.3 billion relates to FCE commitments), and the balance having maturities between December 2010 and September 2011. | noise |
Long-Term Debt, Including Current Maturities and Sinking Fund Requirements: Interest rates that are currently available to IPL for issuance of debt with similar terms and remaining maturities are used to estimate fair value. Long-Term Debt, Including Current Maturities and Sinking Fund Requirements: Interest rates that are currently available to IPL for issuance of debt with similar terms and remaining maturities are used to estimate fair value. The notes are classified as long-term liabilities because IPL maintains long-term credit facilities supporting these agreements which were unused at December 31, 1996. | noise |
The volatility of the applicable rates and prices is dependent on many factors which cannot be forecasted with reliable accuracy. The volatility of the applicable rates is dependent on many factors which cannot be forecasted with reliable accuracy. We have also established counterparty credit guidelines that are regularly monitored. | noise |
At December 31, 2000, a uniform 10 percent strengthening of the U.S. dollar relative to the foreign currencies in which Maytag's sales are denominated would result in a decrease in net income of approximately $10 million for the year ending December 31, 2001. Under these agreements, the Company receives weighted average fixed interest rates of 7.08 percent and pays floating interest rates based on three month LIBOR rates, or a weighted average interest rate of 6.43 percent, as of December 31, 2000. At December 31, 2000, a uniform 10 percent increase in interest rates would result in a decrease in net income of approximately $3 million for the year ending December 31, 2001. | noise |
Reserve for Credit Losses 82
23. Reserve for Credit Losses 82
23. Accounting Policies
F. | noise |
It is further assumed that, within our interest-rate sensitive liabilities, certain deposits reprice at lower magnitudes than benchmark rate movements, and the magnitude of this repricing in turn could depend on, among other factors, the direction of rate movements. With respect to anticipated earnings denominated in foreign currencies for the next twelve months, the adverse impact on pretax income of a hypothetical 10 percent strengthening of the U.S. dollar would be approximately $242 million as of December 31, 2023. We recognized in Interest expense on Long-term debt a net increase of $189 million for the year ended December 31, 2023 and net decreases of $57 million and $256 million for the years ended December 31, 2022 and 2021, respectively. | noise |
ASB enters into IRLCs for residential mortgage loans, which commit ASB to lend funds to a potential borrower at a specific interest rate and within a specified period of time. ASB enters into IRLCs for residential mortgage loans, which commit ASB to lend funds to a potential borrower at a specific interest rate and within a specified period of time. | noise |
The translation of the Senior Notes due 2025 into U.S. dollars is recorded in accumulated other comprehensive (loss) and remains there until the underlying net investment is sold or substantially liquidated. We are recording the related fair value gains and losses, which have been and may continue to be significant, through the Consolidated Statement of Income until the closing of the proposed Acquisition. Further information on the fair value of these contracts is provided in Note 16 to the Consolidated Financial Statements in Part II, Item 8 of this Annual Report on Form 10-K. | noise |
The Company has also agreed to explore these properties and drill at least three exploration drill holes in each. The Company has also agreed to explore these properties and drill at least three exploration drill holes in each. The Company has also agreed to keep the claims in good standing until the agreement is terminated. | noise |
Our agreement also qualified for the short cut method of accounting and therefore we believe that our agreement continues to be effective and therefore, no gains or losses have been recorded in our earnings. This offsets the three month LIBOR component of interest which we are required to pay under $20 million of floating rate debt. During the year ended April 25, 2009, we deferred losses of $0.7 million into accumulated other comprehensive loss. | noise |
These agreements that have maturities of up to three years involve the exchange of fixed rate interest payments for variable rate interest payments without exchange of the underlying principal amounts. These agreements that have maturities of up to three years involve the exchange of fixed rate interest payments for variable rate interest payments without exchange of the underlying principal amounts. The differential between fixed and variable rates to be paid or received is accrued as interest rates change in accordance with the agreements and is included in current interest expense. | noise |
Other than with respect to the identification of this material weakness, there was no change in our internal control over financial reporting during the quarter ended December 31, 2006, that materially affected, or is reasonably likely to materially affect, our internal control over financial reporting. District Court for the Northern District of New York approved a consent decree entered into between GE and the EPA that represents a comprehensive framework for implementation of the EPAs 2002 decision to dredge PCB-containing sediments in the upper Hudson River. District Court for the Northern District of New York approved a consent decree entered into between GE and the EPA that represents a comprehensive framework for implementation of the EPAs 2002 decision to dredge PCB-containing sediments in the upper Hudson River. | noise |
Eight wholesale customers are on a FERC approved rate schedule which includes a fuel adjustment factor based on variations between estimated electric fuel and purchased power costs and actual fuel and purchased power costs. NSP has not yet determined that potential impact of implementing this statement. NSP has not yet determined that potential impact of implementing this statement. | noise |
These contracts were settled for a gain of $11 million which is being recognized as a reduction of interest expense over the term of the lease. Production in 1998 is expected to be between 3.8 million and 4.0 million equity ounces at a total cash cost under $200 per ounce. Production in 1998 is expected to be between 3.8 million and 4.0 million equity ounces at a total cash cost under $200 per ounce. | noise |
We account for a 10% interest in a joint venture partnership under the equity method of accounting because significant influence exists due to certain factors, including representation on the partnerships Management Board and voting rights. These costs consist of internal labor costs and payments made to third parties for software development and implementation and are amortized using the straight-line method over their estimated useful lives, typically three to five years. The following table summarizes the financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2017 and 2016, and the level they fall within the fair value hierarchy (in thousands): | noise |
Additionally, the cumulative effect of translating the balance sheet and income statement accounts from the functional currency into the United States dollar decreased the accumulated comprehensive loss component of total stockholders' equity by $90.0 million compared to an increase of $52.1 million as of the end of fiscal 2022 and 2021, respectively. Additionally, the cumulative effect of translating the balance sheet and income statement accounts from the functional currency into the United States dollar decreased the accumulated comprehensive loss component of total stockholders' equity by $90.0 million compared to an increase of $52.1 million as of the end of fiscal 2022 and 2021, respectively. Accordingly, we record the fair value of these contracts as of the end of the reporting period in the Consolidated Balance Sheets with changes in fair value recorded within the Consolidated Statements of Comprehensive Income. | noise |
We recorded a deferred tax liability of $19.8 million, tradenames of $3.6 million with an estimated useful life of 8 years, client lists of $41.3 million with an estimated useful life of 10 years, proprietary technology of $20.1 million with an estimated useful life of 8 years, and goodwill of $104.8 million. We recorded a deferred tax liability of $19.8 million, tradenames of $3.6 million with an estimated useful life of 8 years, client lists of $41.3 million with an estimated useful life of 10 years, proprietary technology of $20.1 million with an estimated useful life of 8 years, and goodwill of $104.8 million. The purchase price was allocated to the assets acquired and liabilities assumed using a variety of valuation techniques including discounted cash flow analysis, which included significant unobservable inputs. | noise |
Advertising Costs The Company's advertising costs are predominately expensed as incurred and included in "operating, general and administrative expenses." Advertising expenses amounted to $302 million, $281 million and $250 million for 1996, 1995 and 1994, respectively. After deducting amounts set aside as backup for the Company's unrated commercial paper program, $739.5 million was available under the Company's Credit Agreement to meet short-term liquidity needs. After deducting amounts set aside as backup for the Company's unrated commercial paper program, $739.5 million was available under the Company's Credit Agreement to meet short-term liquidity needs. | noise |
Currently, gains or losses on open contracts are not reflected in the company's financial statements, but are recorded only at their contract settlement date. Currently, gains or losses on open contracts are not reflected in the company's financial statements, but are recorded only at their contract settlement date. This product line is sensitive to material cost movements due to the longer lead time from project quote to manufacture. | noise |
At December 31, 2002, such obligations represented 21% of the Company's total debt portfolio. At December 31, 2002, such obligations represented 21% of the Company's total debt portfolio. The Ohio operations do not engage in any activities subject to EITF 02-03. | noise |
Any Company or any Subsidiary (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or | noise |
The differential between the fixed and variable rates to be paid or received is accrued as interest rates change and is recognized as an adjustment to interest expense. All counterparties are rated A or higher by Moody's and Standard and Poor's and the Company does not anticipate non-performance by any of its counterparties. Financing costs include the write-off of the unamortized balance of previously deferred financing costs and amortization of fees associated with the DIP facility. | noise |
Due to the volatility of currency exchange rates and commodity prices, these estimated results may or may not be realized. Under the policy, the Company does not execute transactions or hold AMP INCORPORATED 1997 ANNUAL REPORT 31 Under the policy, the Company does not execute transactions or hold AMP INCORPORATED 1997 ANNUAL REPORT 31 | noise |
Assets and liabilities for which no specific contractual repricing or maturity dates exist, or whose contractual maturities do not reflect their expected maturities, are placed in gap intervals based on management's judgment and statistical analysis, as applicable, concerning their most likely repricing behaviors. (a) Trading-related net interest income includes interest recognized on interest-earning and interest-bearing trading-related positions as well as management allocations reflecting the funding cost or benefit associated with trading positions. The aggregate principal amount of debt that matures in each of the five years subsequent to 1998 are $2,363 million in 1999, $3,651 million in 2000, $1,356 million in 2001, $1,912 million in 2002 and $1,279 million in 2003. | noise |
Our inability to pass through price increases or any limitation or delay in our passing through price increases could adversely affect our profit margins. Our inability to pass through price increases or any limitation or delay in our passing through price increases could adversely affect our profit margins. Included in other long-term assets on our consolidated balance sheet was $4.3 million as of March 31, 2024 and $4.0 million as of April 2, 2023. | noise |
Assuming no material increase or decrease in such balance, a one percent change in the interest rate would change our interest expense by approximately $52,000 annually. Assuming no material increase or decrease in such balance, a one percent change in the interest rate would change our interest expense by approximately $52,000 annually. A change in interest rates would affect the rate at which we could borrow funds under our revolving credit facility. | noise |
Similar to the previous $75 million credit facility, the $100 million credit facility requires the Company to comply with certain debt covenants including interest coverage ratio, minimum net worth, and other terms and conditions. Similar to the previous $75 million credit facility, the $100 million credit facility requires the Company to comply with certain debt covenants including interest coverage ratio, minimum net worth, and other terms and conditions. In addition, at June 30, 2008, the Company had $1.7 million of short-term borrowings outstanding under a separate Thailand credit facility which is backed by the $100 million credit facility. | noise |
The amortization of the excluded component is recognized in Interest and other expenses (income), net in Truck, Parts and Other segment and Interest and other borrowing expenses in Financial Services segment in the Consolidated Statements of Comprehensive Income. The amount of depreciation on operating leases principally depends on the acquisition cost of leased equipment, the term of the leases, which generally ranges from three to five years, and the residual value of the leases, which generally ranges from 30% to 70%. The Companys consolidated financial results are reported in U.S. dollars, while significant operations are denominated in the currencies of other countries. | noise |
Amounts recorded in other comprehensive income prior to the change in the likelihood of occurrence of the forecasted transaction will remain in other comprehensive income until such time as the forecasted transaction impacts earnings. Any excess of the net book value of proved oil and gas properties, less related deferred income taxes, over the ceiling is charged to expense and reflected as additional DD&A in the accompanying statement of consolidated operations. MAJOR CUSTOMERS** In 2011, 2010 and 2009, purchases by Royal Dutch Shell plc and its subsidiaries accounted for 11 percent, 15 percent, and 18 percent, respectively, of the Companys worldwide oil and gas production revenues. | noise |
When fully implemented, the Company plans to employ a strategy whereby heating oil contracts are used to cover approximately 50% of the Company's anticipated aircraft fuel needs on a rolling six-month basis. When fully implemented, the Company plans to employ a strategy whereby heating oil contracts are used to cover approximately 50% of the Company's anticipated aircraft fuel needs on a rolling six-month basis. When fully implemented, the Company plans to employ a strategy whereby heating oil contracts are used to cover approximately 50% of the Company's anticipated aircraft fuel needs on a rolling six-month basis. | noise |
The change in our operating performance attributable to foreign currency rates is determined by converting the prior-period reported results using the current period exchange rates and comparing these prior-period adjusted amounts to the prior-period reported results. The change in our operating performance attributable to foreign currency rates is determined by converting the prior-period reported results using the current period exchange rates and comparing these prior-period adjusted amounts to the prior-period reported results. Dollar affect our consolidated results of operations, and the magnitude of the foreign currency impact on us related to each geographic region depends on the significance and operating performance of the region. | noise |
At December 31, 2007, the Corporation held cash, U.S. government, and U.S. government-sponsored agency securities with a fair value of $452 million to collateralize net gains with counterparties and had pledged or delivered to counterparties cash, U.S. government, and U.S. government-sponsored agency securities with a fair value of $161 million to collateralize net losses with counterparties. Prospectively, accounting for residential and commercial real estate loans to be sold at fair value will accelerate the recognition of some gains and losses previously recognized at the time of sale but otherwise is not expected to have a material impact on financial condition, results of operations, or liquidity. Prospectively, accounting for residential and commercial real estate loans to be sold at fair value will accelerate the recognition of some gains and losses previously recognized at the time of sale but otherwise is not expected to have a material impact on financial condition, results of operations, or liquidity. | noise |
Subsets and Splits
CMP Labels with Stock or Employee
Retrieves rows where the label is 'cmp' and the text mentions 'stock' or 'employee', providing a basic filtered view of the data.
Select Law Labels
Returns all entries from the train dataset labeled as 'law', providing a basic filter without much analytical insight.
Select Text and Label
The query retrieves text and label pairs from the train dataset, providing a basic view of the data without much analytical insight.