Chunk-level Retrieval Eval
Collection
Contextualized chunk-level (query2chunk) retrieval eval for the Citras benchmark. • 46 items • Updated
chunk_id stringlengths 4 8 | chunk stringlengths 1 1.18k | source_url stringlengths 1 4 | title stringclasses 1
value | chunk_idx int64 0 32 | chunk_start_char int64 0 15.7k | chunk_end_char int64 1 16.1k |
|---|---|---|---|---|---|---|
171::0 | notes to consolidated financial statements ( continued ) note 2 2014financial instruments ( continued ) covered by collateral , third-party flooring arrangements , or credit insurance are outstanding with the company 2019s distribution and retail channel partners . one customer accounted for approximately 11% ( 11 % ) ... | 171 | 0 | 0 | 473 | |
171::1 | the following table summarizes the activity in the allowance for doubtful accounts ( in millions ) : september 29 , september 30 , september 24 , 2007 2006 2005 . | 171 | 1 | 474 | 636 | |
171::2 | ||september 29 2007|september 30 2006|september 24 2005|
|beginning allowance balance|$ 52|$ 46|$ 47|
|charged to costs and expenses|12|17|8|
|deductions|-17 ( 17 )|-11 ( 11 )|-9 ( 9 )|
|ending allowance balance|$ 47|$ 52|$ 46|
vendor non-trade receivables the company has non-trade receiv | 171 | 2 | 637 | 926 | |
171::3 | ables from certain of its manufacturing vendors resulting from the sale of raw material components to these manufacturing vendors who manufacture sub-assemblies or assemble final products for the company . | 171 | 3 | 926 | 1,131 | |
171::4 | the company purchases these raw material components directly from suppliers . these non-trade receivables , which are included in the consolidated balance sheets in other current assets , totaled $ 2.4 billion and $ 1.6 billion as of september 29 , 2007 and september 30 , 2006 , respectively . the company does not refl... | 171 | 4 | 1,132 | 1,676 | |
171::5 | derivative financial instruments the company uses derivatives to partially offset its business exposure to foreign exchange risk . foreign currency forward and option contracts are used to offset the foreign exchange risk on certain existing assets and liabilities and to hedge the foreign exchange risk on expected futu... | 171 | 5 | 1,677 | 2,282 | |
6734::0 | notes to consolidated financial statements ( continued ) note 8 2014commitments and contingencies ( continued ) provide renewal options for terms of 3 to 7 additional years . leases for retail space are for terms of 5 to 20 years , the majority of which are for 10 years , and often contain multi-year renewal options . ... | 6734 | 0 | 0 | 519 | |
6734::1 | rent expense under all operating leases , including both cancelable and noncancelable leases , was $ 151 million , $ 138 million , and $ 140 million in 2007 , 2006 , and 2005 , respectively . future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september ... | 6734 | 1 | 520 | 899 | |
6734::2 | |2008|$ 155|
|2009|172|
|2010|173|
|2011|160|
|2012|148|
|thereafter|617|
|total minimum lease payments|$ 1425|
accrued warranty and indemnifications the company offers a basic limited parts and labor warranty on its hardware products . the basic warranty period for hardware products is typically one year from the date... | 6734 | 2 | 900 | 1,250 | |
6734::3 | the company also offers a 90-day basic warranty for its service parts used to repair the company 2019s hardware products . the company provides currently for the estimated cost that may be incurred under its basic limited product warranties at the time related revenue is recognized . factors considered in determining a... | 6734 | 3 | 1,251 | 1,899 | |
6734::4 | the company assesses the adequacy of its preexisting warranty liabilities and adjusts the amounts as necessary based on actual experience and changes in future estimates . for products accounted for under subscription accounting pursuant to sop no . 97-2 , the company recognizes warranty expense as incurred . the compa... | 6734 | 4 | 1,900 | 2,507 | |
6734::5 | factors considered in determining appropriate accruals related to such updates include the number of units delivered , the number of updates expected to occur , and the historical cost and estimated future cost of the resources necessary to develop these updates. . | 6734 | 5 | 2,508 | 2,773 | |
1423::0 | portion of their plan account invested in shares of pnc common stock into other investments available within the plan . prior to this amendment , only participants age 50 or older were permitted to exercise this diversification option . employee benefits expense related to this plan was $ 52 million in 2007 , $ 52 mill... | 1423 | 0 | 0 | 470 | |
1423::1 | hilliard lyons sponsors a contributory , qualified defined contribution plan that covers substantially all of its employees who are not covered by the plan described above . contributions to this plan are made in cash and include a base contribution for those participants employed at december 31 , a matching of employe... | 1423 | 1 | 471 | 1,040 | |
1423::2 | see note 2 acquisitions and divestitures regarding our pending sale of hilliard lyons . we have a separate qualified defined contribution plan that covers substantially all us-based pfpc employees not covered by our plan . the plan is a 401 ( k ) plan and includes an esop feature . under this plan , employee contributi... | 1423 | 2 | 1,041 | 1,590 | |
1423::3 | the performance- based employer matching contribution will be made primarily in shares of pnc common stock held in treasury , except in the case of those participants who have exercised their diversification election rights to have their matching portion in other investments available within the plan . mandatory employ... | 1423 | 3 | 1,591 | 2,229 | |
1423::4 | effective november 22 , 2005 , we amended the plan to provide all participants the ability to diversify the matching portion of their plan account invested in shares of pnc common stock into other investments available within the plan . prior to this amendment , only participants age 50 or older were permitted to exerc... | 1423 | 4 | 2,230 | 2,802 | |
1423::5 | we also maintain a nonqualified supplemental savings plan for certain employees . note 18 stock-based compensation we have long-term incentive award plans ( 201cincentive plans 201d ) that provide for the granting of incentive stock options , nonqualified stock options , stock appreciation rights , incentive shares/per... | 1423 | 5 | 2,803 | 3,418 | |
1423::6 | we grant a substantial portion of our stock-based compensation awards during the first quarter of the year . as of december 31 , 2007 , no incentive stock options or stock appreciation rights were outstanding . nonqualified stock options options are granted at exercise prices not less than the market value of common st... | 1423 | 6 | 3,419 | 4,011 | |
1423::7 | payment of the option exercise price may be in cash or shares of common stock at market value on the exercise date . the exercise price may be paid in previously owned shares . generally , options granted under the incentive plans vest ratably over a three-year period as long as the grantee remains an employee or , in ... | 1423 | 7 | 4,012 | 4,668 | |
1423::8 | as required under sfas 123r , we recognize compensation expense for options granted to retirement-eligible employees after january 1 , 2006 in the period granted , in accordance with the service period provisions of the options . a summary of stock option activity follows: . | 1423 | 8 | 4,669 | 4,944 | |
1423::9 | |options outstanding atdecember 31shares in thousands|per option exercise price|per option weighted- average exercise price|shares|
|december 31 2006|$ 37.43 2013 $ 76.00|$ 59.29|14950|
|granted|68.06 2013 76.23|72.95|2170|
|exercised|37.43 2013 74.59| | 1423 | 9 | 4,945 | 5,197 | |
1423::10 | 54.34|-2625 ( 2625 )|
|cancelled|38.17 2013 75.85|69.15|-169 ( 169 )|
|december 31 2007|$ 37.43 2013 $ 76.23|$ 62.15|14326|
. | 1423 | 10 | 5,197 | 5,322 | |
4062::0 | the goldman sachs group , inc . and subsidiaries notes to consolidated financial statements the firm is unable to develop an estimate of the maximum payout under these guarantees and indemnifications . however , management believes that it is unlikely the firm will have to make any material payments under these arrange... | 4062 | 0 | 0 | 582 | |
4062::1 | the firm provides representations and warranties to counterparties in connection with a variety of commercial transactions and occasionally indemnifies them against potential losses caused by the breach of those representations and warranties . the firm may also provide indemnifications protecting against changes in or... | 4062 | 1 | 583 | 1,297 | |
4062::2 | these indemnifications generally are standard contractual terms and are entered into in the ordinary course of business . generally , there are no stated or notional amounts included in these indemnifications , and the contingencies triggering the obligation to indemnify are not expected to occur . the firm is unable t... | 4062 | 2 | 1,298 | 2,052 | |
4062::3 | fully and unconditionally guarantees the securities issued by gs finance corp. , a wholly-owned finance subsidiary of the firm . group inc . has guaranteed the payment obligations of goldman sachs & co . llc ( gs&co. ) and gs bank usa , subject to certain exceptions . in addition , group inc . guarantees many of the ob... | 4062 | 3 | 2,053 | 2,771 | |
4062::4 | note 19 . shareholders 2019 equity common equity as of both december 2017 and december 2016 , the firm had 4.00 billion authorized shares of common stock and 200 million authorized shares of nonvoting common stock , each with a par value of $ 0.01 per share . dividends declared per common share were $ 2.90 in 2017 , $ ... | 4062 | 4 | 2,772 | 3,125 | |
4062::5 | on january 16 , 2018 , the board of directors of group inc . ( board ) declared a dividend of $ 0.75 per common share to be paid on march 29 , 2018 to common shareholders of record on march 1 , 2018 . the firm 2019s share repurchase program is intended to help maintain the appropriate level of common equity . | 4062 | 5 | 3,126 | 3,436 | |
4062::6 | the share repurchase program is effected primarily through regular open-market purchases ( which may include repurchase plans designed to comply with rule 10b5-1 ) , the amounts and timing of which are determined primarily by the firm 2019s current and projected capital position , but which may also be influenced by ge... | 4062 | 6 | 3,437 | 3,984 | |
4062::7 | the table below presents the amount of common stock repurchased by the firm under the share repurchase program. . | 4062 | 7 | 3,985 | 4,098 | |
4062::8 | |in millions except per share amounts|year ended december 2017|year ended december 2016|year ended december 2015|
|common share repurchases|29.0|36.6|22.1|
|average cost per share|$ 231.87|$ 165.88|$ 189.41|
|total cost of common share repurchases|$ 6721|$ 6069|$ 4195|
pursuant to the terms of certain share-based compe... | 4062 | 8 | 4,099 | 4,426 | |
4062::9 | plans , employees may remit shares to the firm or the firm may cancel rsus or stock options to satisfy minimum statutory employee tax withholding requirements and the exercise price of stock options . | 4062 | 9 | 4,426 | 4,627 | |
4062::10 | under these plans , during 2017 , 2016 and 2015 , 12165 shares , 49374 shares and 35217 shares were remitted with a total value of $ 3 million , $ 7 million and $ 6 million , and the firm cancelled 8.1 million , 6.1 million and 5.7 million of rsus with a total value of $ 1.94 billion , $ 921 million and $ 1.03 billion ... | 4062 | 10 | 4,628 | 4,964 | |
4062::11 | under these plans , the firm also cancelled 4.6 million , 5.5 million and 2.0 million of stock options with a total value of $ 1.09 billion , $ 1.11 billion and $ 406 million during 2017 , 2016 and 2015 , respectively . 166 goldman sachs 2017 form 10-k . | 4062 | 11 | 4,965 | 5,219 | |
4953::0 | notes to consolidated financial statements ( continued ) | 72 snap-on incorporated following is a reconciliation of the beginning and ending amount of unrecognized tax benefits : ( amounts in millions ) amount . | 4953 | 0 | 0 | 211 | |
4953::1 | |( amounts in millions )|amount|
|unrecognized tax benefits as of december 31 2006|$ 21.3|
|gross increases 2013 tax positions in prior periods|0.5|
|gross decreases 2013 tax positions in prior periods|-0.4 ( 0.4 )|
|gross increases 2013 tax positions in the current period|0.5|
|settlements with taxing authorities|-3.0... | 4953 | 1 | 212 | 584 | |
4953::2 | 0.2 )|
|unrecognized tax benefits as of december 29 2007|$ 18.7|
of the $ 18.7 million of unrecognized tax benefits at the end of 2007 , approximately $ 16.2 million would impact the effective income tax rate if recognized . | 4953 | 2 | 584 | 809 | |
4953::3 | interest and penalties related to unrecognized tax benefits are recorded in income tax expense . during the years ended december 29 , 2007 , december 30 , 2006 , and december 31 , 2005 , the company recognized approximately $ 1.2 million , $ 0.5 million and ( $ 0.5 ) million in net interest expense ( benefit ) , respec... | 4953 | 3 | 810 | 1,138 | |
4953::4 | the company has provided for approximately $ 3.4 million , $ 2.2 million , and $ 1.7 million of accrued interest related to unrecognized tax benefits at the end of fiscal year 2007 , 2006 and 2005 , respectively . during the next 12 months , the company does not anticipate any significant changes to the total amount of... | 4953 | 4 | 1,139 | 1,656 | |
4953::5 | federal and state/local income tax examinations by tax authorities for years prior to 2003 , and snap-on is no longer subject to non-u.s . income tax examinations by tax authorities for years prior to 2001 . the undistributed earnings of all non-u.s . subsidiaries totaled $ 338.5 million , $ 247.4 million and $ 173.6 m... | 4953 | 5 | 1,657 | 2,042 | |
4953::6 | snap-on has not provided any deferred taxes on these undistributed earnings as it considers the undistributed earnings to be permanently invested . determination of the amount of unrecognized deferred income tax liability related to these earnings is not practicable . the american jobs creation act of 2004 ( the 201caj... | 4953 | 6 | 2,043 | 2,575 | |
4953::7 | under the provisions of the ajca , snap-on repatriated approximately $ 93 million of qualifying dividends in 2005 that resulted in additional income tax expense of $ 3.3 million for the year . note 9 : short-term and long-term debt notes payable and long-term debt as of december 29 , 2007 , was $ 517.9 million ; no com... | 4953 | 7 | 2,576 | 2,949 | |
4953::8 | as of december 30 , 2006 , notes payable and long-term debt was $ 549.2 million , including $ 314.9 million of commercial paper . snap-on presented $ 300 million of the december 30 , 2006 , outstanding commercial paper as 201clong-term debt 201d on the accompanying december 30 , 2006 , consolidated balance sheet . | 4953 | 8 | 2,950 | 3,265 | |
4953::9 | on january 12 , 2007 , snap-on sold $ 300 million of unsecured notes consisting of $ 150 million of floating rate notes that mature on january 12 , 2010 , and $ 150 million of fixed rate notes that mature on january 15 , 2017 . interest on the floating rate notes accrues at a rate equal to the three-month london interb... | 4953 | 9 | 3,266 | 3,658 | |
4953::10 | interest on the fixed rate notes accrues at a rate of 5.50% ( 5.50 % ) per year and is payable semi-annually . snap-on used the proceeds from the sale of the notes , net of $ 1.5 million of transaction costs , to repay commercial paper obligations issued to finance the acquisition of business solutions . on january 12 ... | 4953 | 10 | 3,659 | 4,130 | |
1765::0 | mastercard incorporated notes to consolidated financial statements 2014 ( continued ) ( in thousands , except percent and per share data ) the following table summarizes expected benefit payments through 2018 including those payments expected to be paid from the company 2019s general assets . since the majority of the ... | 1765 | 0 | 0 | 455 | |
1765::1 | |2009|$ 19766|
|2010|18182|
|2011|25518|
|2012|21029|
|2013|24578|
|2014 2013 2018|118709|
substantially all of the company 2019s u.s . | 1765 | 1 | 456 | 591 | |
1765::2 | employees are eligible to participate in a defined contribution savings plan ( the 201csavings plan 201d ) sponsored by the company . the savings plan allows employees to contribute a portion of their base compensation on a pre-tax and after-tax basis in accordance with specified guidelines . the company matches a perc... | 1765 | 2 | 592 | 1,148 | |
1765::3 | beginning in 2008 , the discretionary profit sharing amount related to 2007 company performance was paid directly to employees as a short-term cash incentive bonus rather than as a contribution to the savings plan . in addition , the company has several defined contribution plans outside of the united states . the comp... | 1765 | 3 | 1,149 | 1,624 | |
1765::4 | the company had a value appreciation program ( 201cvap 201d ) , which was an incentive compensation plan established in 1995 . annual awards were granted to vap participants from 1995 through 1998 , which entitled participants to the net appreciation on a portfolio of securities of members of mastercard international . | 1765 | 4 | 1,625 | 1,945 | |
1765::5 | in 1999 , the vap was replaced by an executive incentive plan ( 201ceip 201d ) and the senior executive incentive plan ( 201cseip 201d ) ( together the 201ceip plans 201d ) ( see note 16 ( share based payments and other benefits ) ) . contributions to the vap have been discontinued , all plan assets have been disbursed... | 1765 | 5 | 1,946 | 2,323 | |
1765::6 | the company 2019s liability related to the vap at december 31 , 2007 was $ 986 . the expense ( benefit ) was $ ( 6 ) , $ ( 267 ) and $ 3406 for the years ended december 31 , 2008 , 2007 and 2006 , respectively . note 12 . | 1765 | 6 | 2,324 | 2,545 | |
1765::7 | postemployment and postretirement benefits the company maintains a postretirement plan ( the 201cpostretirement plan 201d ) providing health coverage and life insurance benefits for substantially all of its u.s . employees and retirees hired before july 1 , 2007 . the company amended the life insurance benefits under t... | 1765 | 7 | 2,546 | 3,042 | |
1036::0 | the catlettsburg refinery multi-year improvement project was completed during early 2004 . at a cost of approximately $ 440 million , the project improves product yields and lowers overall refinery costs while making gasoline with less than 30 parts per million of sulfur , which allows map to meet tier ii gasoline regu... | 1036 | 0 | 0 | 492 | |
1036::1 | one of the projects , a $ 110 million expansion project , is expected to raise the crude oil capacity at the refinery by 35 percent to 100000 bpd . other projects are expected to enable the refinery to produce new clean fuels and further control regulated air emissions . completion of the projects is scheduled for the ... | 1036 | 1 | 493 | 987 | |
1036::2 | the wholesale distribution of petroleum products to private brand marketers and to large commercial and industrial consumers , primarily located in the midwest , the upper great plains and the southeast , and sales in the spot market , accounted for approximately 70 percent of map 2019s refined product sales volumes in... | 1036 | 2 | 988 | 1,595 | |
1036::3 | approximately 55 percent of map 2019s propane is sold into the home heating markets and industrial consumers purchase the balance . propylene , cumene , aromatics , aliphatics , and sulfur are marketed to customers in the chemical industry . base lube oils and slack wax are sold throughout the united states . pitch is ... | 1036 | 3 | 1,596 | 2,191 | |
1036::4 | the map customer base includes approximately 800 asphalt-paving contractors , government entities ( states , counties , cities and townships ) and asphalt roofing shingle manufacturers . the following table sets forth the volume of map 2019s consolidated refined product sales by product group for each of the last three... | 1036 | 4 | 2,192 | 2,592 | |
1036::5 | |( thousands of barrels per day )|2004|2003|2002|
|gasoline|807|776|773|
|distillates|373|365|346|
|propane|22|21|22|
|feedstocks and special products|92|97|82|
|heavy fuel oil|27|24|20|
|asphalt|79|74|75|
|total|1400|1 | 1036 | 5 | 2,593 | 2,812 | |
1036::6 | 357|1318|
|matching buy/sell volumes included in above|71|64|71|
map sells reformulated gasoline in parts of its marketing territory , primarily chicago , illinois ; louisville , kentucky ; northern kentucky ; and milwaukee , wisconsin . | 1036 | 6 | 2,812 | 3,049 | |
1036::7 | map also sells low-vapor-pressure gasoline in nine states . as of december 31 , 2004 , map supplied petroleum products to about 3900 marathon and ashland branded retail outlets located primarily in michigan , ohio , indiana , kentucky and illinois . branded retail outlets are also located in florida , georgia , wiscons... | 1036 | 7 | 3,050 | 3,565 | |
1036::8 | as of december 31 , 2004 , ssa had 1669 retail outlets in nine states that sold petroleum products and convenience store merchandise and services , primarily under the brand names 2018 2018speedway 2019 2019 and 2018 2018superamerica . | 1036 | 8 | 3,566 | 3,801 | |
1036::9 | 2019 2019 ssa 2019s revenues from the sale of non-petroleum merchandise totaled $ 2.3 billion in 2004 , compared with $ 2.2 billion in 2003 . profit levels from the sale of such merchandise and services tend to be less volatile than profit levels from the retail sale of gasoline and diesel fuel . | 1036 | 9 | 3,802 | 4,099 | |
1036::10 | pilot travel centers llc ( 2018 2018ptc 2019 2019 ) , a joint venture with pilot corporation ( 2018 2018pilot 2019 2019 ) , is the largest operator of travel centers in the united states with approximately 250 locations in 35 states at december 31 , 2004 . the travel centers . | 1036 | 10 | 4,100 | 4,377 | |
1915::0 | jpmorgan chase & co . / 2004 annual report 29 firms were aligned to provide consistency across the business segments . in addition , expenses related to certain corporate functions , technology and operations ceased to be allocated to the business segments and are retained in corporate . these retained expenses include... | 1915 | 0 | 0 | 770 | |
1915::1 | the amount of capital assigned to each business is referred to as equity . effective with the third quarter of 2004 , new methodologies were implemented to calculate the amount of capital allocated to each segment . as part of the new methodology , goodwill , as well as the associated capital , is allocated solely to c... | 1915 | 1 | 771 | 1,394 | |
1915::2 | see the capital management section on page 50 of this annual report for a discussion of the equity framework . credit reimbursement tss reimburses the ib for credit portfolio exposures the ib manages on behalf of clients the segments share . at the time of the merger , the reimbursement methodology was revised to be ba... | 1915 | 2 | 1,395 | 2,060 | |
1915::3 | refer to page 25 of this annual report for additional details . description of business segment reporting methodology results of the business segments are intended to reflect each segment as if it were essentially a stand-alone business . the management reporting process that derives these results allocates income and ... | 1915 | 3 | 2,061 | 2,746 | |
1915::4 | further , the firm intends to continue to assess the assumptions , methodologies and reporting reclassifications used for segment reporting , and it is anticipated that further refinements may be implemented in future periods . revenue sharing when business segments join efforts to sell products and services to the fir... | 1915 | 4 | 2,747 | 3,291 | |
1915::5 | funds transfer pricing funds transfer pricing ( 201cftp 201d ) is used to allocate interest income and interest expense to each line of business and also serves to transfer interest rate risk to corporate . while business segments may periodically retain interest rate exposures related to customer pricing or other busi... | 1915 | 5 | 3,292 | 3,835 | |
1915::6 | expense allocation where business segments use services provided by support units within the firm , the costs of those support units are allocated to the business segments . those expenses are allocated based on their actual cost , or the lower of actual cost or market cost , as well as upon usage of the services provi... | 1915 | 6 | 3,836 | 4,432 | |
1915::7 | |year ended december 31 , ( in millions except ratios )|year ended december 31 , 2004|year ended december 31 , 2003|year ended december 31 , change|2004|2003|
|investment bank|$ 2948|$ 2805|5% ( 5 % )|17% ( 17 % )|15% ( 15 % )|
|retail financial services|2199|1547|42|24| | 1915 | 7 | 4,433 | 4,704 | |
1915::8 | 37|
|card services|1274|683|87|17|20|
|commercial banking|608|307|98|29|29|
|treasury & securities services|440|422|4|17|15|
|asset & wealth management|681|287|137|17|5|
|corporate|61|668|-91 ( 91 )|nm|nm|
|total|$ 821 | 1915 | 8 | 4,704 | 4,922 | |
1915::9 | 1|$ 6719|22% ( 22 % )|16% ( 16 % )|19% ( 19 % )|
. | 1915 | 9 | 4,922 | 4,972 | |
2889::0 | anticipated or possible short-term cash needs , prevailing interest rates , our investment policy and alternative investment choices . a majority of our cash and cash equivalents balance is invested in money market mutual funds that invest only in u.s . treasury securities or u.s . government agency securities . our ex... | 2889 | 0 | 0 | 603 | |
2889::1 | based on our actuarial projections , we estimate that a $ 14.1 million contribution in 2011 will allow us to meet our funding goal . however , the amount of the actual contribution is contingent on the actual rate of return on our plan assets during 2011 and the december 31 , 2011 discount rate . net current deferred t... | 2889 | 1 | 604 | 1,055 | |
2889::2 | total net current deferred tax assets include unrealized losses , stock- based compensation and accrued expenses . net long-term deferred tax liabilities were $ 7.8 billion and $ 7.6 billion at december 31 , 2010 and 2009 , respectively . net deferred tax liabilities are principally the result of purchase accounting fo... | 2889 | 2 | 1,056 | 1,585 | |
2889::3 | this deferred tax asset is for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa . as of december 31 , 2010 , we do not believe that we currently meet the more-likely-than-not threshold that would allow us to fully realize the value of the unrealized capital loss . as a result , a p... | 2889 | 3 | 1,586 | 2,117 | |
2889::4 | we also have a long-term deferred tax asset related to brazilian taxes of $ 125.3 million for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa . a full valuation allowance of $ 125.3 million has been provided because we do not believe that we currently meet the more-likely-than-not... | 2889 | 4 | 2,118 | 2,681 | |
2889::5 | net long-term deferred tax assets also include a $ 19.3 million deferred tax asset for foreign net operating losses related to swapstream . our assessment at december 31 , 2010 was that we did not currently meet the more-likely- than-not threshold that would allow us to realize the value of acquired and accumulated for... | 2889 | 5 | 2,682 | 3,258 | |
2889::6 | performance bond requirements are determined by parameters established by the risk management department of the clearing house and may fluctuate over time . we accept a variety of collateral to satisfy performance bond requirements . cash performance bonds and guaranty fund contributions are included in our consolidate... | 2889 | 6 | 3,259 | 3,935 | |
2889::7 | |( in millions )|2010|2009|
|cash performance bonds|$ 3717.0|$ 5834.6|
|cash guaranty fund contributions|231.8|102.6|
|cross-margin arrangements|79.7|10.6|
|performance collateral for delivery|10.0|34.1|
|total|$ 4038.5|$ 5981.9|
. | 2889 | 7 | 3,936 | 4,167 | |
5158::0 | the aggregate changes in the balance of gross unrecognized tax benefits , which excludes interest and penalties , for 2012 , 2011 , and 2010 , is as follows ( in millions ) : . | 5158 | 0 | 0 | 176 | |
5158::1 | ||2012|2011|2010|
|beginning balance|$ 1375|$ 943|$ 971|
|increases related to tax positions taken during a prior year|340|49|61|
|decreases related to tax positions taken during a prior year|-107 ( 107 )|-39 ( 39 )|-224 ( 224 )|
|increases related to tax positions taken during the current year|467|425|2 | 5158 | 1 | 177 | 482 | |
5158::2 | 40|
|decreases related to settlements with taxing authorities|-3 ( 3 )|0|-102 ( 102 )|
|decreases related to expiration of statute of limitations|-10 ( 10 )|-3 ( 3 )|-3 ( 3 )|
|ending balance|$ 2062|$ 1375|$ 943|
the company includes interest and penalties related to unrecognized tax benefits within the provision for i... | 5158 | 2 | 482 | 815 | |
5158::3 | as of september 29 , 2012 and september 24 , 2011 , the total amount of gross interest and penalties accrued was $ 401 million and $ 261 million , respectively , which is classified as non-current liabilities in the consolidated balance sheets . in connection with tax matters , the company recognized interest expense i... | 5158 | 3 | 816 | 1,275 | |
5158::4 | the company is subject to taxation and files income tax returns in the u.s . federal jurisdiction and in many state and foreign jurisdictions . for u.s . federal income tax purposes , all years prior to 2004 are closed . the internal revenue service ( the 201cirs 201d ) has completed its field audit of the company 2019... | 5158 | 4 | 1,276 | 1,779 | |
5158::5 | the irs is currently examining the years 2007 through 2009 . in addition , the company is also subject to audits by state , local and foreign tax authorities . in major states and major foreign jurisdictions , the years subsequent to 1989 and 2002 , respectively , generally remain open and could be subject to examinati... | 5158 | 5 | 1,780 | 2,324 | |
5158::6 | if any issues addressed in the company 2019s tax audits are resolved in a manner not consistent with management 2019s expectations , the company could be required to adjust its provision for income tax in the period such resolution occurs . although timing of the resolution and/or closure of audits is not certain , the... | 5158 | 6 | 2,325 | 2,825 | |
5158::7 | note 6 2013 shareholders 2019 equity and share-based compensation preferred stock the company has five million shares of authorized preferred stock , none of which is issued or outstanding . under the terms of the company 2019s restated articles of incorporation , the board of directors is authorized to determine or al... | 5158 | 7 | 2,826 | 3,277 | |
5158::8 | dividend and stock repurchase program in 2012 , the board of directors of the company approved a dividend policy pursuant to which it plans to make , subject to subsequent declaration , quarterly dividends of $ 2.65 per share . on july 24 , 2012 , the board of directors declared a dividend of $ 2.65 per share to shareh... | 5158 | 8 | 3,278 | 3,751 | |
5158::9 | no dividends were declared in the first three quarters of 2012 or in 2011 and 2010. . | 5158 | 9 | 3,752 | 3,837 | |
6405::0 | troubled debt restructurings ( tdrs ) a tdr is a loan whose terms have been restructured in a manner that grants a concession to a borrower experiencing financial difficulties . tdrs typically result from our loss mitigation activities and include rate reductions , principal forgiveness , postponement/reduction of sche... | 6405 | 0 | 0 | 631 | |
6405::1 | in those situations where principal is forgiven , the amount of such principal forgiveness is immediately charged some tdrs may not ultimately result in the full collection of principal and interest , as restructured , and result in potential incremental losses . these potential incremental losses have been factored in... | 6405 | 1 | 632 | 1,249 | |
6405::2 | we held specific reserves in the alll of $ 587 million and $ 580 million at december 31 , 2012 and december 31 , 2011 , respectively , for the total tdr portfolio . table 71 : summary of troubled debt restructurings in millions dec . 31 dec . 31 .
|in millions|dec . 312012|dec . | 6405 | 2 | 1,250 | 1,529 | |
6405::3 | 312011|
|total consumer lending ( a )|$ 2318|$ 1798|
|total commercial lending|541|405|
|total tdrs|$ 2859|$ 2203|
|nonperforming|$ 1589|$ 1141|
|accruing ( b )|1037|771|
|credit card ( c )|233|291|
|total tdrs|$ 2859|$ 220 | 6405 | 3 | 1,530 | 1,753 | |
6405::4 | 3|
( a ) pursuant to regulatory guidance issued in the third quarter of 2012 , additional troubled debt restructurings related to changes in treatment of certain loans of $ 366 million in 2012 , net of charge-offs , resulting from bankruptcy where no formal reaffirmation was provided by the borrower and therefore a con... | 6405 | 4 | 1,753 | 2,190 | |
6405::5 | the additional tdr population increased nonperforming loans by $ 288 million . charge-offs have been taken where the fair value less costs to sell the collateral was less than the recorded investment of the loan and were $ 128.1 million . of these nonperforming loans , approximately 78% ( 78 % ) were current on their p... | 6405 | 5 | 2,191 | 2,701 | |
6405::6 | ( c ) includes credit cards and certain small business and consumer credit agreements whose terms have been restructured and are tdrs . however , since our policy is to exempt these loans from being placed on nonaccrual status as permitted by regulatory guidance as generally these loans are directly charged off in the ... | 6405 | 6 | 2,702 | 3,117 |
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