Question: What was the carrying value of the joint venture with AGC Equity Partners as of December 31, 2023?

Joint venture with AGC Equity Partners had a carrying value of $57,874 as of December 31, 2023.

Cash provided by (used in) operating activities changed from $(434.3) million in 2021 to $108.2 million in 2022, making a change of $542.5 million.

The following table summarizes AbbVie's estimated material contractual obligations as of December 31, 2023, which includes long-term debt, both current and long-term portions, totaling $59,245 million.

Data and Analytics revenues increased 69% in 2023 from 2022 primarily due to $63 million of revenue from Black Knight following the completion of our acquisition in September 2023.

Net cash flows from operating activities | | 49,196 |

We make available free of charge on the Investor Relations section of our corporate website all of the reports we file with or furnish to the SEC as soon as reasonably practicable, after the reports are filed or furnished.

Investment banking revenues in the consolidated statements of earnings were $6.22 billion for 2023, 16% lower than 2022, primarily due to significantly lower revenues in advisory, reflecting a significant decline in industry-wide completed mergers and acquisitions transactions, partially offset by significantly higher revenues in equity underwriting, primarily reflecting increased activity from secondary offerings.

Our effective tax rates could be affected by numerous factors, including changes in foreign exchange rates.


Question: By how much did the adjusted operating loss decrease in 2023 compared to the previous year?

The adjusted operating loss decreased by $295 million, or 18.3%, in 2023 compared to 2022. This decrease was primarily driven by decreased operating expenses associated with the termination of certain transformation initiatives.

We generate revenue primarily from marketplace activities, including transaction (inclusive of offsite advertising), payments processing, and listing fees, as well as from optional seller services, which include on-site advertising and shipping labels.

In 2006, AT&T acquired ILEC BellSouth Corporation.

Our interest income was $989 million and $2.9 billion during 202itzerland and 2023, primarily due to an increase in prevailing rates.

Details about legal proceedings are included in Part II, Item 8, "Financial Statements and Supplementary Data" of the Annual Report on Form 10-K, under the caption "Legal Proceedings".

President Biden accepted the terms of the climate agreement on January 20, 2021, and the U.S. completed its reentry on February 19, 2021.

Chubb Life offers a broad portfolio of protection and savings products including whole life, universal life, unit linked contracts, endowment plans, individual and life, group term life, health protection, personal accident, credit life, group employee benefits, and credit protection insurance.

The Company's internal control over financial reporting as of January 28, 2023, was audited based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).


Question: Is there a difference in referencing the detailed content of financial statements directly in the document versus incorporating them by reference?

The consolidated financial statements in the Annual Report on Form 10-K are incorporated by reference, indicating they are part of the document in a legal sense but not physically present in full within the document itself.

The Financial Statement Schedule is specifically on page S-1 of IBM's Form 10-K for 2023.

The 1999 Repurchase Program was announced to repurchase common shares to reduce dilution from employee stock options and long-term incentive plans, with purchases limited to proceeds from stock option exercises and related tax benefits.

The audited components of Salesforce, Inc.'s financial statements as of January 31, 2023, and for the three years ending on that date, included the consolidated balance sheets, the related consolidated statements of operations, comprehensive income, stockholders' equity, and cash flows.

•Server products and cloud services revenue increased $12.6 billion or 19% driven by Azure and other cloud services.

As of December 31, 2023, the Company operated 204 centers across 25 states, which provided care for approximately 270,000 patients. These centers include the Company’s Oak Street Health business, which operates retail-like, community-based centers that provide medical primary care services.

Our high performance Ethernet transceivers are built upon a proprietary digital signal processing communication architecture optimized for high-speed network connections and support the latest standards and advanced features, such as energy efficient Ethernet, data encryption and time synchronization.

Our cybersecurity leaders hold memberships and/or positions within the Financial Services Information Sharing and Analysis Center, or FS-ISAC, and the cross-sector Analysis and Resiliency Center, or ARC, in the U.S., the Financial Sector Cyber Collaboration Centre, or FSCCC, in the U.K., and similar organizations across the Europe, Middle East and Africa, or EMEA, and Asia Pacific, or APAC, regions.


Question: What was the operating profit as a percentage of sales in 2022 and 2021?

Operating profit as a percentage of sales in 2022 and 2021 was 2.78% and 2.52% respectively.

The Financial Statements and Supplementary Data are located on pages 44 through 121 of IBM’s 2023 Annual Report to Stockholders.

Business operations at gaming facilities are subject to the licensing and regulatory control of the local regulatory agency responsible for gaming licenses and operations in those jurisdictions.

Our fiscal year ends on the Sunday closest to September 30.

Subject to various United States and foreign laws and regulations, including those related to intellectual property, data privacy and security, cybersecurity, tax, employment, competition and antitrust, anti-corruption, anti-bribery, and AI. Compliance with these laws has no current material adverse impact on capital expenditures, results of operations or competitive position.

Epkinly (epcoritimab) is a product used to treat adults with certain types of diffuse large B-cell lymphoma (DLBCL) and high-grade B-cell lymphoma that has recurred or that does not respond to previous treatment after receiving two or more treatments. Epkinly is administered as a subcutaneous injection.

As of December 31, 2023, Delta Air Lines' future aircraft purchase commitments totaled approximately $17.5 billion. These commitments are for various aircraft models slated for delivery in upcoming years, stretching from 2024 to 2028 and thereafter.

All new managers in the Company are entered into a three-month immersive learning program and all new executives come together for an upskilling and targeted development program designed around the GM leadership profile.


Question: What types of revenues are included in the management and franchise segment of a hospitality company?

The management and franchise segment includes all of the hotels we manage for third-party owners, as well as all franchised hotels that license our IP and where we provide other contracted services, but the day-to-day services of the hotels are operated or managed by someone other than us. Revenues from this segment include: management and franchise fees charged to third-party hotel owners, licensing fees from strategic partners, including co-branded credit card providers, and HGV, and fees for managing hotels in our ownership segment.

Internationally, Botox Cosmetic net revenues increased by 10% in 2023, primarily driven by recovery from COVID-19 in China and increased consumer demand across other key international markets.

Our cybersecurity leaders hold memberships and/or positions within the Financial Services Information Sharing and Analysis Center, or FS-ISAC, and the cross-sector Analysis and Resiliency Center, or ARC, in the U.S., the Financial Sector Cyber Collaboration Centre, or FSCCC, in the U.K., and similar organizations across the Europe, Middle East and Africa, or EMEA, and Asia Pacific, or APAC, regions.

In 2023, 80% of our total costs and expenses were recognized in FoA and 20% were recognized in RL.

The Financial Statements and Supplementary Data are located on pages 44 through 121 of IBM’s 2023 Annual Report to Stockholders.

President Biden accepted the terms of the climate agreement on January 20, 2021, and the U.S. completed its reentry on February 19, 2021.

Garmin offers a full line-up of marine VHF radios and Automatic Identification System (AIS) transceivers with the latest feature sets including integrated GPS receivers for the communication needs of all types of mariners. Garmin radios are NMEA 2000 compatible and offer multi-station support, and monitor all AIS channels.

Principal repayments of financing obligations for 2023 amounted to $271 million.


Question: What percentage reduction in GHG emissions compared to 2005 levels is BHE aiming for by 2030?

BHE plans to continue investing in renewable and other low-carbon generation and storage in the future and to cease coal operations at an additional 15 coal generation units between 2025 and 2030 in a reliable and cost-effective manner, thereby achieving a 50% reduction in GHG emissions from 2005 levels in 2030.

On December 27, 2023, we completed the sale of our Entertainment One film and television business ('eOne Film and TV') to Lions Gate Entertainment Corp., Lions Gate Entertainment Inc. and Lions Gate International Motion Pictures S.à.r.l (collectively 'Lionsgate'), pursuant to the terms of an equity purchase agreement dated August 3, 2023 among Hasbro and Lionsgate. Lionsgate acquired the eOne Film and TV business for a purchase price of $375.0 million in cash, subject to certain purchase price adjustments plus the assumption by Lionsgate of production financing loans.

Net cash flows provided by investing activities was $117.6 million in 2023.

As of December 31, 2023, we had fixed lease payment obligations with $136 million payable within 12 months.

As of October 31, 2023, the company's unconditional purchase obligations totaled $1.6 billion.

A stronger U.S. dollar negatively impacted net sales by $339 million in fiscal 2022.

FCF is a non-GAAP measure that is defined as cash flow from operations, excluding the impact of proceeds received in the fourth quarter of fiscal 2021 from a one-time Itanium litigation judgment, less net capital expenditures (investments in PP&E less proceeds from the sale of PP&E), and adjusted for the effect of exchange rate fluctuations on cash, cash equivalents, and restricted cash.

For the year ended December 31, 2023, Ford reported consolidated revenues of $176,191 million.


Question: Describe the role of stored value cards and the loyalty program in Starbucks' strategy.

Starbucks Card and the Rewards program offer a convenient payment solution and incentives to increase store visits and customer loyalty through various benefits linked to reward points gathered.

For enterprise networks, we offer product families with secure, encrypted switching capabilities and support lower power modes that comply with industry standards around energy efficient Ethernet.

In 2023, Bank of America delivered approximately 6.7 million hours of training and development to its teammates through Bank of America Academy.

Dividends on common stock declared by our Board of Directors totaled $1.11 per share in 2023.

Intelligent Edge earnings from operations as a percentage of net revenue increased 12.4 percentage points primarily due to decreases in cost of products and services as a percentage of net revenue and operating expenses as a percentage of net revenue.

Lauren D. Hotz has been Senior Vice President and Chief Accounting Officer since August 2022.

Schwab's trading revenue decreased by 12% from 2022 to 2023.

We sell our products through NIKE Direct operations, which is comprised of both NIKE-owned retail stores and sales through our digital platforms (also referred to as 'NIKE Brand Digital'), to wholesale accounts and to a mix of independent distributors, licensees and sales representatives in nearly all countries around the world.


Question: What is the total amount of property, plant, and equipment, net, reported by the company for the fiscal year 2023?

At the end of fiscal year 2023, the company reported a total of property, plant, and equipment, net, of $19,898 million.

Principal repayments of finance leases in 2022 totaled $7,941 million.

The net earnings attributable to UnitedHealth Group common shareholders for the year 2023 was $22,381 million.

In February 2023, we announced our planned exit from the Employer Group Commercial Medical Products business, which includes all fully insured, self-funded and Federal Employee Health Benefit medical plans, as well as associated wellness and rewards programs.

The unrecognized deferred income tax liability related to indefinitely reinvested accumulated foreign earnings is estimated to be $206 million as of fiscal year 2023.

In international markets, Starbucks invests in technology and partnerships to boost digital adoption, providing more convenience and enhancing the customer experience.

In 2023, total earning assets were reported at 535,500, marking a decrease of 1 percent from the previous year's total of 539,032.

The consolidated financial statements in the Annual Report on Form 10-K are incorporated by reference, indicating they are part of the document in a legal sense but not physically present in full within the document itself.


Question: When is the entire booking amount reflected in GBV?

The entire amount of a booking is reflected in GBV during the quarter in which booking occurs, whether the guest pays the entire amount of the booking upfront or elects to use our Pay Less Upfront program.

FX-Neutral is defined as GMV minus the exchange rate effect, providing a measure excluding the influences of foreign currency movements. This is a non-GAAP financial measure used to assess performance without the volatility of FX rates.

Net cash used in financing activities | $ | (689) | | $ | (2,430)

During fiscal year 2024, we expect to use our existing cash and cash equivalents, our marketable securities, and the cash generated by our operations to fund our capital investments of approximately $1.10 billion to $1.30 billion related to property and equipment.

Item 8 is typically used to refer to 'Financial Statements and Supplementary Data' in formal financial categorization.

As of December 31, 2023, we had net uncertain tax positions of $6.95 billion which were accrued as other liabilities.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA. The information required by this item is included in Item 15(a) of this Annual Report.

Depreciation and amortization totaled $4,856 as recorded in the financial statements.


Question: What part of the annual report contains the consolidated financial statements and accompanying notes?

The consolidated financial statements and accompanying notes are listed in Part IV, Item 15(a)(1) of the Annual Report on Form 10-K.

Everyday low cost ("EDLC") is Walmart's commitment to control expenses so that cost savings can be passed along to customers.

Net deferred tax liabilities for the company on December 31, 2023 were listed as $58,583.

Visa Inc. reported a net income of $17,273 million for the fiscal year ended September 30, 2023.

The company's approach in alcohol focuses on three segments of alcohol ready-to-drink beverages: hard seltzers (e.g., Topo Chico Hard Seltzer), hard alternatives (e.g., Lemon-Dou) and pre-mixed cocktails (e.g., Jack Daniel’s & Coca-Cola).

At December 31, 2023, the company had a total of $7.42 billion of unused committed bank credit facilities, which consisted primarily of a $3.00 billion credit facility expiring in December 2027 and a $4.00 billion 364-day facility expiring in September 2024.

The company's products and services are sold through partnerships with independent software vendors, systems integrators, and advisory firms. These partners help integrate the company's offerings into their own product and service solutions, assist in sales to clients purchasing their own products, and provide expertise in designing and implementing custom IT solutions.

Critical assumptions that are used as part of a quantitative Family Dollar goodwill evaluation include: •The potential future revenue, EBITDA and cash flows of the reporting unit. The projections use management’s assumptions about economic and market conditions over the projected period.


Question: How does American Express support employee development and well-being?

In 2023, we continued to invest in our colleagues, building on a wide range of learning and development opportunities and enhancing our competitive benefits in key areas including holistic health and wellness, total compensation and flexibility. We conduct an annual Colleague Experience Survey to better understand our colleagues’ needs and overall experience at American Express.

The Consolidated Financial Statements, together with the Notes thereto and the report thereon dated February 16, 2024, of PricewaterhouseCoopers LLP, the Firm’s independent registered public accounting firm (PCAOB ID 238).

Schwab's trading revenue decreased by 12% from 2022 to 2023.

Item 8 in Etsy, Inc.'s filings refers to 'Financial Statements and Supplementary Data,' including consolidated balance sheets, statements of operations, statements of comprehensive income (loss), statements of changes in stockholders' equity (deficit), and statements of cash flows.

Consolidated operating revenue for the twelve months ended December 31, 2023, was reported as $5,265.2 million.

At the end of fiscal 2022, a total of 315 of our stores, or 13.6% of our total store count, were located in Canada and Mexico.

We make available free of charge on the Investor Relations section of our corporate website all of the reports we file with or furnish to the SEC as soon as reasonably practicable, after the reports are filed or furnished.

The following table presents earnings per share for fiscal 2023: Class A common stock had basic earnings per share of $8.29.


Question: What was the strategy of the company regarding fiscal year 2023?

Our strategy is to combine best-of-breed technology leadership in semiconductor and infrastructure software solutions, with unmatched scale, on a common sales and administrative platform to deliver a comprehensive suite of infrastructure technology products to the world’s leading business and government customers.

A recent example of this was the September 2023 premier of the television series, Power Rangers Cosmic Fury season 30, released on the Netflix streaming platform.

Starbucks' retail objective is to be the leader in coffee and tea in target markets, selling the finest quality products and providing a unique Starbucks Experience.

Adjusted EBITDA is defined as excluding capital expenditures, changes in or cash requirements for working capital needs, significant interest expenses, income tax payments, and any cash requirements for the assets being depreciated and amortized.

Note 17, 'Litigation and Contingencies,' to the Consolidated Financial Statements in Item 8 of Part II, which is incorporated herein by reference.

Our interest income was $989 million and $2.9 billion during 202itzerland and 2023, primarily due to an increase in prevailing rates.

In April 2023, we also accepted the December 2022 put option notice from the AT&T pension trust and repurchased the remaining 213 million Mobility preferred interests for a purchase price, including accrued and unpaid distributions, of $5,414.

HPE provides an industry-leading paid parental leave program which offers a minimum of six months leave, part-time work opportunities for new parents or team members transitioning to retirement, and four 'Wellness Fridays' off per year to focus on well-being.


Question: What segment-specific regulations apply to CVS Health Corporation's Pharmacy & Consumer Wellness segment?

The Pharmacy & Consumer Wellness segment of CVS Health Corporation is governed by federal, state, and local regulations including those that limit the sale of alcohol, mandate a minimum wage, and govern practices of optometry or audiology, or impact the provision of dietician services and the sale of durable medical equipment, contact lenses, eyeglasses and hearing aids.

Chubb's exposure to molestation claims principally arises out of liabilities acquired when it purchased CIGNA's P&C business in 1999 and Chubb Corp in 2016.

The program allows paid members to earn points on purchases that can be redeemed for rewards including discounts or coupons. When loyalty program members purchase a product, the transaction price is allocated between the product and loyalty points earned based on relative stand-alone selling prices and expected point redemption. The portion allocated to loyalty points is recorded as deferred revenue and recognized as revenue upon redemption or expiration. Estimates such as the retail price per point and breakage are used to record the deferred revenue for loyalty points.

Consumer VoIP Connections were 2,736 in 2021, decreased to 2,311 in 2022, and further to 1,953 in 2023.

For a discussion of legal and other proceedings in which we are involved, see Note 13 - Commitments and Contingencies in the Notes to Consolidated Financial Statements in Part II, Item 8 of this Annual Report on Form 10-K.

Our principal methods of competition are: technology innovation; performance; price; quality; brand; our breadth of capabilities, products and services; talent; client relationships and trust; the ability to deliver business value to clients.

Theatrical revenue increased in 2022 primarily due to higher revenue from releases in our 2022 slate compared to releases in our 2021 slate, including F9.

In 2022, there was a net increase in cash and cash equivalents of $2,300 million.


Question: How did the borrowing capacity under the back-up facilities change in July 2022?

In July 2022, the borrowing capacity under the back-up facilities expanded from $3.0 billion to $5.0 billion.

Item 8 of the financial document outlines Financial Statements and Supplementary Data.

Critical accounting policies and estimates that impact financial statements include Revenue Recognition, Business Combinations, Goodwill, and Accounting for Income Taxes, requiring judgments and estimates in financial reporting.

These independent power projects sell power generated primarily from wind, solar, geothermal and hydro sources under long-term contracts.

Delta Air Lines handles the revenue from marketing agreements by dividing the consideration among the various services delivered, which are valued based on the relative selling prices of these services.

Item 8 is typically associated with the discussion of Financial Statements and Supplementary Data.

Interest Income and Other, Net   | 2023 | | 2022 | | 2021 Interest income | $ | 470 | | | $ | 61 | | $ | 41

For the year ended December 31, 2021, 341 thousand options were granted at Hilton with a weighted average exercise price per share of $146.18.


Question: Are the consolidated financial statements part of the main document or referenced elsewhere in the Annual Report on Form 10-K?

The consolidated financial statements and accompanying notes listed in Part IV, Item 15(a)(1) are included immediately following Part IV and incorporated by reference in the Annual Report on Form 10-K.

Point of Service, or POS, plans allow members to choose, at the time medical services are needed, to seek care from a provider within the plan's network or outside the network. POS plans combine the advantages of HMO plans with the flexibility of PPO plans.

Additionally, we are not involved in any environmental proceeding in which a governmental authority is a party, and such proceeding involves potential monetary sanctions that we reasonably believe will exceed an applied threshold of $1 million.

Net earnings attributable to Hasbro, Inc. declined in 2022 to $203.5 million, compared to $428.7 million in 2021.

Adjusted EPS is defined as reported earnings per share fully diluted from net income (loss) attributable to Iron Mountain Incorporated (inclusive of our share of adjusted losses (gains) from our unconsolidated joint ventures) and excluding certain items, specifically: (Gain) loss on disposal/write-down of property, plant and equipment, net (including real estate), and other expenses (income), net, among others. It is considered valuable as it allows investors to compare results from past, present, and future periods without the effects of non-core operating variances.

The following table summarizes AbbVie's estimated material contractual obligations as of December 31, 2023, which includes long-term debt, both current and long-term portions, totaling $59,245 million.

Cash provided by (used in) investing activities was $(37,601) in 2022 and $(49,833) in 2023.

As of the closing of the IPO, Johnson & Johnson owned approximately 89.6% of the total outstanding shares of Kenvue Common Stock.


Question: What were the revenues from other financial futures and options in 2023 and 2022?

Other financial futures and options revenues were $161 million in 2023 and $183 million in 2022, respectively.

For the year ended December 31, 2023, the net cash provided by operating activities was $13,426 million.

These contingency plans include our Financial Contession and Recovery Plan, which provides monitoring, escalation, actions and routines designed to enable us to increase capital and/or liquidity, access funding sources and reduce risk through consideration of potential options that include asset sales, business sales, capital or debt issuances, and other risk reducing strategies at various levels of capital or liquidity depletion during a period of stress.

During 2023, AMC served as the theatrical distributor for two theatrical releases: TAYLOR SWIFT | THE ERAS TOUR and RENAISSANCE: A FILM BY BEYONCÉ.

As of March 31, 2023, Electronic Arts Inc. reported total liabilities and stockholders’ equity amounting to $13,459 million.

On July 2, 2023, The Hershey Company paid a total of $206.1 million in cash dividends.

Iron Mountain's ALM services manage the lifecycle of IT assets from decommissioning to data erasure and disposal, securing customer data while maintaining a traceable and auditable custody chain.

Cash provided by (used in) investing activities was $(37,601) in 2022 and $(49,833) in 2023.


Question: What factors could change the projected cash flows and the estimated fair value of the company's assets?

The company uses an estimated future cash flow approach that requires significant judgment with respect to future volume, revenue and expense growth rates, changes in working capital use, and the selection of an appropriate discount rate.

U.S. dialysis revenue growth of 3.2% from an increase in average patient services revenue per treatment of $12.20.

The objective of the Management's Discussion and Analysis of Financial Condition and Results of Operations is to provide an analysis of the company’s Financial Condition, Cash Flows and Results of Operations from management's perspective.

Through our vertical retail strategy and direct connection with our customers, whom we refer to as guests, we are able to collect feedback and incorporate unique performance and fashion needs into our design process.

The requisite service period for both employee stock options and RSUs is generally four years from the grant date.

In 2023, Bank of America's total loans and leases charged off amounted to $4,817 million. This charge-off includes various categories such as Residential mortgage, Home equity, Credit card, Direct/Indirect consumer, Other consumer, U.S. commercial, Non-U.S. commercial, Commercial real estate, and Commercial lease financing.

U.S. net revenues for the year ended December 31, 2023, amounted to $5,073 million, representing 50% of total net revenues.

The company recorded net earnings of $3,263 million and $1.1 billion of net income tax benefits related to discrete items in the provision for taxes for fiscal year 2023.


Question: What was AMC Entertainment Holdings, Inc.'s comprehensive loss attributable to it in 2023?

Comprehensive loss attributable to AMC Entertainment Holdings, Inc. was $1,335.9 million in 2023.

Item 8 in Etsy, Inc.'s filings refers to 'Financial Statements and Supplementary Data,' including consolidated balance sheets, statements of operations, statements of comprehensive income (loss), statements of changes in stockholders' equity (deficit), and statements of cash flows.

The consolidated financial statements in the Annual Report on Form 10-K are incorporated by reference, indicating they are part of the document in a legal sense but not physically present in full within the document itself.

In October 2021, Comcast acquired Masergy, a provider of software-defined networking and cloud platforms for global enterprises, for a total cash consideration of $1.2 billion.

Gain (loss) on investments was $11 million in 2023, ($169) million in 2022, and $99 million in 2021.

As of September 30, 2023, the Company had approximately 161,000 full-time equivalent employees.

In December 2023 and December 2022, AT&T declared a quarterly preferred dividend of $36. In December 2023 and December 2022, AT&T declared a quarterly common dividend of $0.2775 per share of common stock.

Increases at our Macao operations were primarily driven by increases of $57 million in ferry operations due to the resumption of ferry services in January 2023, $31 million in entertainment revenue, $16 million in limo revenue, $5 million in retail revenue, $4 million in convention revenue and $14 million in other operating revenues (e.g., Eiffel Tower, spa, and gondola rides).


Question: What programs are available for new managers and executives at GM for leadership development?

All new managers in the Company are entered into a three-month immersive learning program and all new executives come together for an upskilling and targeted development program designed around the GM leadership profile.

Options exercisable as of May 31, 2023 were 44.7 million with a weighted average option price of $79.95 per share, and the aggregate intrinsic value for options outstanding and exercisable as of May 31, 2023 was $1,380 million and $1,307 million respectively.

The Company's internal control over financial reporting as of January 28, 2023, was audited based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

Professional Visualization We serve the Professional Visualization market by working closely with independent software vendors, or ISVs, to optimize their offerings for NVIDIA GPUs. Our GPU computing platform enhances productivity and introduces new capabilities for critical workflows in many fields, such as design and manufacturing and digital content creation.

Resulting in a total store count of 2,322 at January 29, 2023.

On July 12, 2022, the company announced that they are exiting all owned-manufacturing operations and expanding their current relationship with Taiwanese manufacturer, Rexon Industrial Corp.

The information for Legal proceedings in Item 3 is presented by incorporating it by reference to Note 19 in the Notes to Consolidated Financial Statements included in Item 8 of the report.

The entire amount of a booking is reflected in GBV during the quarter in which booking occurs, whether the guest pays the entire amount of the booking upfront or elects to use our Pay Less Upfront program.


Question: What factors contributed to the increase in domestic wireless revenue in 2023?

Domestic wireless revenue increased in 2023 and 2022 primarily due to an increase in the number of customer lines. Wireless devices sales were consistent in 2023 compared to 2022 and increased in 2022 compared to 2021.

Our strategic intent is to have a portfolio of efficient, timely and reliable sources and methods of delivery to choose from, optimizing order fulfillment and delivery based on customer needs, inventory locations and available transportation options.

At the end of fiscal year 2023, the company reported a total of property, plant, and equipment, net, of $19,898 million.

Item 8 is designated for Financial Statements and Supplementary Data in financial documentation.

(8) Inventory turnover is calculated as cost of sales divided by the average merchandise inventory balance over the trailing 5 quarters.

Results on a constant currency basis, as presented, are not comparable to similarly titled measures used by other companies and are not a measure of performance presented in accordance with GAAP but provide insight by excluding the effects of foreign currency exchange fluctuations.

During the fourth quarter of 2023, the Company voluntarily changed its goodwill and indefinite-lived intangible asset annual impairment test date from September 30 to December 1. This voluntary change is preferable under the circumstances as it results in better alignment with the Company's strategic business planning and budgeting process.

Cash, cash equivalents and marketable securities totaled $1,390.6 million as of January 28, 2023.


Question: What caused the decline in Client segment operating income in 2023?

Client operating loss was $46 million in 2023, compared to operating income of $1.2 billion in 2022. The decrease in operating income was primarily due to lower revenue.

At the time of our previous quantitative assessment in 2022, which was pursuant to our practice of performing quantitative assessments of cable franchise rights approximately once every four years.

Cash provided by operating activities during 2023 mostly consisted of $39.10 billion net income adjusted for certain non-cash items, such as $14.03 billion of share-based compensation expense and $11.18 billion of depreciation and amortization expense, as well as $3.29 billion of favorable changes in working capital. The increase in cash flows from operating activities during 2023 compared to 2022 was mostly due to an increase in cash collection from our customers driven by the increase in revenue, and a decrease in payments to our vendors.

For the years ended December 31, 2023 and 2022, the net unrealized gains (losses) for equity securities held at December 31, 2023 and 2022 were $(12) million and $(49) million, respectively.

In 2023, non-cash impairment charges related to long-lived assets in U.S. theaters amounted to $49.2 million for 68 theaters with 738 screens.

Participation in the Medicare ESRD program requires that dialysis services at an outpatient dialysis center be under the general supervision of a medical director who is usually a board certified nephrologist. Medical directors enter into written contracts that specify their duties and fix their compensation, reflecting their professional qualifications, responsibilities, and effort required.

Masimo Masimo Corporation and Cercacor Laboratories, Inc. (together, “Masimo”) filed a complaint before the U.S. International Trade Commission (the “ITC”) alleging infringement by the Company of five patents relating to the functionality of the blood oxygen feature in Apple Watch Series 6 and 7.

Chubb mitigates exposure to climate change risk by ceding catastrophe risk in our insurance portfolio through both reinsurance and capital markets, and our investment portfolio through the diversification of risk, industry, location, type and duration of security.


Question: What is the significance of reporting financial results on a constant currency basis?

Results on a constant currency basis, as presented, are not comparable to similarly titled measures used by other companies and are not a measure of performance presented in accordance with GAAP but provide insight by excluding the effects of foreign currency exchange fluctuations.

The company believes that the funds available, including cash expected to be generated from operations, funds from a commercial paper program, or lines of credit, are adequate to meet its working capital needs for the year, including the repayment of a $500 million debt.

Item 7 covers Management’s Discussion and Analysis of Financial Condition and Results of Operations.

As of December 31, 2023, Hilton managed 800 hotels with 250,472 rooms.

Our interest income was $989 million and $2.9 billion during 202itzerland and 2023, primarily due to an increase in prevailing rates.

The listing of our common stock on the NYSE could potentially create a conflict between the exchange’s regulatory responsibilities to vigorously oversee the listing and trading of securities, on the one hand, and our commercial and economic interest, on the other hand.

Marina Bay Sands is an iconic, architecturally significant Integrated Resort with meaningful scale and visitation. Due to its distinctive design, multitude of amenities and customer experiences shared on social media, and a prominent position as part of the Singapore skyline, Marina Bay Sands is recognized throughout Asia and globally.

U.S. net revenues for the year ended December 31, 2023, amounted to $5,073 million, representing 50% of total net revenues.


Question: What was the recorded charge for in-process research and development impairments (IPR&D) in the fiscal year 2023?

In the fiscal year 2023, the company recorded a charge of approximately $0.3 billion for in-process research and development impairments (IPR&D).

Our annual worldwide ARPU in 2023, which represents the sum of quarterly ARPU during such period, was $44.60, an increase of 13% from 2022.

The GDPR imposes a comprehensive data protection regime with the potential for regulatory fines as much as up to the greater of 4% of worldwide turnover or €20 million.

We do not believe that such normal and routine litigation will have a material effect on our financial condition or results of operations.

A stronger U.S. dollar negatively impacted net sales by $339 million in fiscal 2022.

Fiscal 2023 net cash used in financing activities decreased $5.8 billion when compared to the previous fiscal year.

of approximately $1.0 billion in IBNR liabilities, producing a corresponding decrease in pre-tax earnings. We believe it is reasonably possible for these assumptions to increase at these rates.

We disclose material non-public information through one or more of the following channels: our investor relations website (http://corporate.lululemon.com/investors), the social media channels identified on our investor relations website, press releases, SEC filings, public conference calls, and webcasts.


Question: How is diluted earnings per share (EPS) calculated for Equifax?

All references to earnings per share data in MD&A are to diluted earnings per share, or EPS, unless otherwise noted. Diluted EPS is calculated to reflect the potential dilution that would occur if stock options or other contracts to issue common stock were exercised and resulted in additional common shares outstanding.

In 2022, we recorded a goodwill impairment charge for Vitacost.com totaling $160 million. The talent and capabilities gained through the merger with Vitacost in 2014 have been key to advancing Kroger’s digital platform and growing our digital business to more than $10 billion in annual sales. As our digital strategy has evolved, our primary focus looking forward will be to effectively utilize our Pickup and Delivery capabilities. This reprioritization resulted in reduced long-term profitability expectations and a decline in the market value for one underlying channel of business and led to the impairment charge. Vitacost.com will continue to operate as an online platform providing great value natural, organic, and eco-friendly products for customers.

In order to be considered 'well capitalized,' AENB must maintain CET1 capital, Tier 1 capital, Total capital, and Tier 1 leverage ratios of 6.5 percent, 8.0 percent, 10.0 percent, and 5.0 percent, respectively.

The GDPR imposes a comprehensive data protection regime with the potential for regulatory fines as much as up to the greater of 4% of worldwide turnover or €20 million.

Net Sales Mix: North America | 61% | International | 23% | AWS | 16% | Consolidated | 100%

In 2023, Bank of America's total loans and leases charged off amounted to $4,817 million. This charge-off includes various categories such as Residential mortgage, Home equity, Credit card, Direct/Indirect consumer, Other consumer, U.S. commercial, Non-U.S. commercial, Commercial real estate, and Commercial lease financing.

CSB and CSPB are Texas-chartered savings banks regulated by the Federal Reserve, Texas Department of Savings and Mortgage Lending, CFPB, and FDIC. Trust Bank is a Nevada-chartered savings bank regulated by the Federal Reserve, Nevada Financial Institutions Division, CFPB, and FDIC.

In 2023, we incurred a pre-tax, noncash MTM gain of $650 million ($493 million, net of tax), related to the year-end actuarial adjustments of pension and postretirement healthcare plans’ assets and liabilities. In 2022, we incurred a pre-tax, noncash MTM loss of $1.6 billion ($1.2 billion, net of tax), which includes a net loss of $1.3 billion ($1.0 billion, net of tax) related to the year-end actuarial adjustments of pension and postretirement healthcare plans’ assets and liabilities.


Question: What was the change in cash provided by operating activities from 2021 to 2022?

Cash provided by (used in) operating activities changed from $(434.3) million in 2021 to $108.2 million in 2022, making a change of $542.5 million.

The current portion of operating lease liabilities for the year ending January 28, 2023, is valued at $1,449.6 million.

Operating revenues from agricultural products increased 12.6% to $5.7 billion in 2022 compared to 2021.

The fair value hierarchy described includes three levels of inputs: Level 1 uses unadjusted quoted prices in active markets for identical assets or liabilities, Level 2 uses inputs that are directly or indirectly observable, and Level 3 involves unobservable inputs significant to the fair value determination supported by minimal market activity.

In order to be considered 'well capitalized,' AENB must maintain CET1 capital, Tier 1 capital, Total capital, and Tier 1 leverage ratios of 6.5 percent, 8.0 percent, 10.0 percent, and 5.0 percent, respectively.

Our Asia Pacific operation provides consumer and commercial information solutions products, marketing products, employment verification services and consumer credit protection products. We offer a full range annually

Lending-related fees generally represent transactional fees earned from certain loan commitments, financial guarantees and SBLCs.

In the fiscal year 2023, the Company initiated a restructuring program of its Orthopaedics franchise within the MedTech segment to streamline operations by exiting certain markets, product lines and distribution network arrangements. The pre-tax restructuring expense of $0.3 billion in the fiscal year 2023, of which $40 million was recorded in Restructuring and $279 million was recorded in Cost of products sold on the Consolidated Statement of Earnings, primarily included inventory and instrument charges related to market and product exits.


Question: What impact would a 25 basis point change in certain assumptions have on HP's net periodic benefit cost in fiscal year 2023?

In fiscal year 2023, a 25 basis point change in the discount rate would affect HP's net periodic benefit cost by 5 million, in compensation levels by 1 million, and in expected long-term return on plan assets by 14 million.

Insurance Medical Membership at December 31, 2020 for Florida includes Individual Medicare Advantage (851.3 thousand), Group Medicare Advantage (9.1 thousand), Medicare stand-alone PDP (131.9 thousand), Medicare Supplement (17.5 thousand), State-based contracts and Other (656.6 thousand), Fully-insured commercial Group (73.8 thousand), ASO (24.5 thousand), totaling 1,764.7 thousand members.

As of December 31, 2022, the total gross unrealized losses for available-for-sale securities were $114,128 and the total fair value was $1,357,615.

Historically, the majority of gift cards are redeemed within one year. In addition, a portion of gift cards are not expected to be redeemed and will be recognized as breakage over time.

Through our vertical retail strategy and direct connection with our customers, whom we refer to as guests, we are able to collect feedback and incorporate unique performance and fashion needs into our design process.

Item 3—Legal Proceedings See discussion of Legal Proceedings in Note 10 to the consolidated financial statements included in Item 8 of this Report.

Visa's rule (and a similar Mastercard rule) that if an ATM operator chooses to charge consumers an access fee for a Visa or Plus transaction, that fee cannot be greater than the access fee charged for transactions on other networks.


Question: What was the total matching contribution for the Chipotle 401(k) Plan in 2023?

For the year ended December 31, 2023, matching contributions for the 401(k) Plan totaled approximately $13,821.

By the end of 2023, 114 PSU shares are expected to vest, each with an expected fair value of $1,557.11 per share.

The term 'Part IV hereof' in the document refers to the section that directly precedes the consolidated financial statements.

As of December 31, 2023, The Hershey Company employed approximately 18,650 full-time and 1,855 part-time employees worldwide. Collective bargaining agreements covered approximately 6,295 employees, or approximately 31% of the Company’s employees worldwide.

After-tax earnings of other energy businesses decreased $332 million (24.5%) in 2023 compared to 2022. The decline reflected lower earnings at Northern Powergrid due to unfavorable results at a natural gas exploration project, including the write-off of capitalized exploration costs and lower gas production volumes and prices, as well as from higher deferred income tax expense related to the enactment of the Energy Profits Levy income tax in the United Kingdom. The earnings decline was also attributable to lower earnings from renewable energy and retail services businesses. The decline in renewable energy and retail services earnings was primarily due to lower income tax benefits, higher operating expenses, lower solar and wind generation at owned projects and the impact of unfavorable changes in valuations of derivatives contracts, partially offset by debt extinguishment gains.

The rental costs for the U.S. markets decreased by 2.3% from 2022 to 2023, with values changing from $666.5 to $651.5.

As of October 31, 2023, HP had approximately $102 million of recorded liabilities pertaining to uncertain tax positions.

The Coca-Cola system works every day to produce high-quality, safe and refreshing beverages for consumers around the world. It has rigorous product and ingredient safety and quality standards designed to ensure the safety and quality of each of its products, and drives innovation that provides new beverage options satisfying consumers’ evolving needs and preferences.


Question: What were the total gross unrealized losses and fair value for available-for-sale securities as of December 31, 2022?

As of December 31, 2022, the total gross unrealized losses for available-for-sale securities were $114,128 and the total fair value was $1,357,615.

In December 2021, the OECD issued Pillar Two model rules which would establish a global per-country minimum tax of 15%, and the European Union has approved a directive requiring member states to incorporate similar provisions into their respective domestic laws. The directive requires the rules to initially become effective for fiscal years starting on or after December 31, 2023.

Our cybersecurity leaders hold memberships and/or positions within the Financial Services Information Sharing and Analysis Center, or FS-ISAC, and the cross-sector Analysis and Resiliency Center, or ARC, in the U.S., the Financial Sector Cyber Collaboration Centre, or FSCCC, in the U.K., and similar organizations across the Europe, Middle East and Africa, or EMEA, and Asia Pacific, or APAC, regions.

In international markets, Starbucks invests in technology and partnerships to boost digital adoption, providing more convenience and enhancing the customer experience.

2024 Strategic Objectives AbbVie's mission is to discover and develop innovative medicines and products that solve serious health issues today and address the medical challenges of tomorrow while achieving top-tier financial performance through outstanding execution. AbbVie intends to execute its strategy and advance its mission in a number of ways, including: (i) maximizing the benefits of a diversified revenue base with multiple long-term growth drivers; (ii) leveraging AbbVie's commercial strength and international infrastructure across therapeutic areas and ensuring strong commercial execution of new product launches; (iii) continuing to invest in and expand its pipeline in support of opportunities in immunology, oncology, aesthetics, neuroscience and eye care a...

The consolidated financial statements and accompanying notes listed in Part IV, Item 15(a)(1) of the Annual Report on Form 10-K are included immediately following Part IV and incorporated by reference.

We recognize revenue associated with Chipotle Rewards within food and beverage revenue on the consolidated statements of income and comprehensive income when a customer redeems an earned reward.

The consolidated financial statements and accompanying notes are listed in Part IV, Item 15(a)(1) and are included elsewhere in the Annual Report on Form 10-K.


Question: What was the fair value measurement of cash equivalents at the reporting date using Level 1 on October 30, 2022?

On October 30, 2022, the fair value measurement of cash equivalents at the reporting date using Level 1 was $19 million.

We encourage investors and others to review our business, results of operations, and financial information in their entirety, not to rely on any single financial measure, and to view these non-GAAP measures in conjunction with the most directly comparable GAAP financial measures.

The net loss before income taxes showed a decrease of 59.8%, with amounts changing from $711.1 in 2022 to $286.0 in 2023.

In October 2022, the FDIC adopted a restoration plan that includes an increase in deposit insurance assessments across the industry of two basis points (bps).

Consolidated operating revenue for the twelve months ended December 31, 2023, was reported as $5,265.2 million.

Ernst & Young LLP have served as the company's auditor since 2008, and they conducted their audits in accordance with the standards of the Public Company Accounting Oversight Board (PCAOB).

Under the Senior Credit Facilities, the company may increase the maximum leverage ratio to a maximum of 4.75 to 1.0 in the case of material acquisitions, given that certain requirements are fulfilled.

In July 2022, Peloton announced a strategic change in its manufacturing process, moving from in-house production to exclusively using third-party manufacturing partners for 100% of its products.


Question: What is the effect of a 100 basis-point change in the discount rate on the annual after-tax benefit expense for the company's defined benefit pension plans?

A 100 basis-point change in the discount rate would impact annual after-tax benefit expense by approximately $130 million.

Cash provided by operating activities during 2023 mostly consisted of $39.10 billion net income adjusted for certain non-cash items, such as $14.03 billion of share-based compensation expense and $11.18 billion of depreciation and amortization expense, as well as $3.29 billion of favorable changes in working capital. The increase in cash flows from operating activities during 2023 compared to 2022 was mostly due to an increase in cash collection from our customers driven by the increase in revenue, and a decrease in payments to our vendors.

We have access to $1.0 billion of commitments and a $200 million sub-limit for the issuance of letters of credit under the 2022 Credit Facility.

We also purchase, and plan to continue purchasing, carbon credits to fully achieve our emissions goals in the long-term. Our aim is to procure such credits from high integrity projects, with a focus on nature-based solutions where feasible.

At the time of our previous quantitative assessment in 2022, which was pursuant to our practice of performing quantitative assessments of cable franchise rights approximately once every four years.

The company reported a net income of $217,375 thousand for the fiscal year ended December 31, 2023.

Due to a broad-based slowdown in product demand during 2023, Enphase Energy conducted a restructuring plan to reduce operating costs and realign its manufacturing operations, which included workforce reductions and ceasing operations at certain manufacturing locations.

Our impairment analysis encompasses an assessment of both qualitative and quantitative analyses of key factors including the investee's financial metrics, market acceptance of the product or technology, and the rate at which the investee is using its cash.


Question: What were the total unrealized losses on U.S. Treasury securities as of the last reporting date?

The total unrealized losses on U.S. Treasury securities amounted to $134 million.

As of December 31, 2022, the total gross unrealized losses for available-for-sale securities were $114,128 and the total fair value was $1,357,615.

Disclosures of FCPa violations may be shared with UK authorities, thus potentially exposing companies to liability and potential penalties in multiple jurisdictions. Violations of the FCPA and other anti-corruption laws may result in severe criminal and civil sanctions as well as other penalties, and there continues to be a heightened level of FCPA enforcement activity by the U.S. Securities and Exchange Commission (the SEC) and the DOJ.

The audited components of Salesforce, Inc.'s financial statements as of January 31, 2023, and for the three years ending on that date, included the consolidated balance sheets, the related consolidated statements of operations, comprehensive income, stockholders' equity, and cash flows.

The total revenue for 2023 was reported as $371,620 million.

losses were primarily from the following events: •2023: Hurricane Idalia, and other severe weather-related events in the U.S.

We believe it is important to separately quantify the profit impact of five significant items in order for our results to be meaningful to our readers. These items consist of (i) restructuring costs related to the divestiture of the company's Longwall business, (ii) other restructuring costs, (iii) pension and OPEB mark-to-market gains/losses resulting from plan remeasurements, (iv) certain deferred tax valuation allowance adjustments and (v) goodwill impairment in 2022.

Adjusted EBITDA excludes both interest expense, net and the provision (benefit) for income taxes. These expenses are associated with our capitalization and tax structures, which we do not consider when evaluating the operating profitability of our core operations. Adjusted EBITDA does not include depreciation and amortization expenses, in order to eliminate the impact of capital investments.


Question: What are the total liabilities and stockholders’ equity of Electronic Arts Inc. as of March 31, 2023?

As of March 31, 2023, Electronic Arts Inc. reported total liabilities and stockholders’ equity amounting to $13,459 million.

The listing of our common stock on the NYSE could potentially create a conflict between the exchange’s regulatory responsibilities to vigorously oversee the listing and trading of securities, on the one hand, and our commercial and economic interest, on the other hand.

In 2022 and 2023, U.S. dialysis experienced increases in clinical labor wage rates, which includes contract labor, of approximately 1.3% and 7.4%, respectively.

Consumer segment operating income increased $224 million, or 9%, in fiscal 2023 compared with fiscal 2022, primarily due to the increase in revenue described above and lower marketing expenses.

Starbucks' retail objective is to be the leader in coffee and tea in target markets, selling the finest quality products and providing a unique Starbucks Experience.

Regular confidential employee surveys are conducted to gather feedback from the workforce on various topics.

Total expenses increased, primarily driven by higher Card Member rewards expense and Card Member services expense.

The Chief Executive etc. does not manage segment results or allocate resources to segments when considering these costs and they are therefore excluded from our definition of segment income.


Question: What types of payments does Costco accept at its warehouses?

In general, with variations by country, our warehouses accept certain credit cards, including Costco co-branded cards, debit cards, cash and checks, Executive member 2% reward certificates, co-brand cardholder rebates, and our proprietary stored-value card (shop card).

Client operating loss was $46 million in 2023, compared to operating income of $1.2 billion in 2022. The decrease in operating income was primarily due to lower revenue.

The non-rolling chip win percentage decreased by 1.5 points, which is reflected in the detailed financial performance of casino operating segments.

At January 28, 2023, we operated stores in 48 states and the District of Columbia, as well as stores in five Canadian provinces.

Before her current role, Ms. O'Brien served as Senior Vice President and Deputy Chief Risk Officer from January 2022 to March 2023, and from 2016 to 2021 was Division President, North America Personal Risk Services.

The total operating cost reported for 2023 was $339,264 million.

Of the $16.4 billion in 2023, $14.3 billion or 33% of gross product sales was related to rebates and chargebacks.

Total expenses increased, primarily driven by higher Card Member rewards expense and Card Member services expense.


Question: What is the measurement basis for recognizing tax benefits in financial statements according to the described method?

The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement.

We create an engaging workplace by continuously listening to and acting on associate feedback. We provide several pulse check surveys to associates throughout the year that help us determine how emotionally connected those associates are to our customers, the Company, their jobs, fellow associates, and leaders.

At December 31, 2023, total assets were approximately $3.2 trillion, up $128.8 billion from December 31, 2022, primarily due to higher cash and cash equivalents.

The total operating cost reported for 2023 was $339,264 million.

As part of the investment, we are obligated to develop certain gaming and non-gaming investment projects by December 2032 and dedicate resources to, among others, the attraction of international visitors, conventions and exhibitions, entertainment shows, sporting events, culture and art, health and wellness, and themed attractions, as well as support Macao's position as a city of gastronomy and increase community and maritime tourism.

The pre-tax restructuring charge of approximately $0.5 billion in the fiscal year 2023, of which $449 million was recorded in Restructuring and $30 million was recorded in Cost of products sold on the Consolidated Statement of Earnings, included the termination of partnered and non-partnered program costs and asset impairments.

We own a trademark portfolio with protections in 170 countries in which we currently operate for our primary brands — AIRBNB and our Bélo logo. Additionally, we own trademark protections around the world for other brands or protectable brand elements important to our business, including but  not limited to Rausch, our primary corporate color, localizations, translations, and transliterations of our primary brands, and brands associated with businesses we have acquired. We have registered domain names that we use in or relate to our business, such as the airbnb.com domain name and country code top level domain name equivalents.

We have paid transition tax of $7.7 billion, which included $1.5 billion for fiscal year 2023. The remaining transition tax of $10.5 billion is payable over the next three years, with $2.7 billion payable within 12 months.


Question: What was the net income of Visa Inc. for the fiscal year ended September 30, 2023?

Visa Inc. reported a net income of $17,273 million for the fiscal year ended September 30, 2023.

The Company’s effective tax rate for 2023 and 2022 was lower than the statutory federal income tax rate due primarily to a lower effective tax rate on foreign earnings, the impact of the U.S. federal R&D credit, and tax benefits from share-based compensation, partially offset by state income taxes. The Company’s effective tax rate for 2023 was lower compared to 2022 due primarily to a lower effective tax rate on foreign earnings and the impact of U.S. foreign tax credit regulations issued by the U.S. Department of the Treasury in 2022, partially offset by lower tax benefits from share-based compensation.

Net revenue is also generated from the sale of software solutions that enable our customers to plan, develop, automate, manage, and secure applications across mainframe, distributed, mobile, and cloud platforms.

During this time, Ford reached an agreement with California on a set of terms for an alternative framework in which Ford committed to meet a designated set of standards on a national basis for model years 2021 through 2026 that were more stringent than the then-rolled back federal standards in lieu of the California regulatory program.

Credit loss is determined by comparing the present value of the expected future cash flows for the security to the amortized cost basis of the

Intelligent Edge earnings from operations as a percentage of net revenue increased 12.4 percentage points primarily due to decreases in cost of products and services as a percentage of net revenue and operating expenses as a percentage of net revenue.

All of our Company’s facilities and other operations in the United States and elsewhere around the world are subject to various environmental protection statutes and regulations, including those relating to the use and treatment of water resources, discharge of wastewater, and air emissions.

In May 2023, Chevron was awarded an exploration and production license for Block G2/65, which covers 3.7 million net acres.


Question: How much did the losses and loss adjustment expenses rise in 2023 compared to 2022, and what was the main cause for this increase?

Losses and loss adjustment expenses increased $1.3 billion (13.5%) in 2023 compared to 2022, which increased $1.8 billion (22.0%) versus 2021. The loss ratio decreased 6.4 percentage points in 2023 compared to 2022, reflecting lower incurred losses from current year catastrophes and changes in business mix, including the impact of RSUI and CapSpecialty. Losses and loss adjustment expenses | | 11,224 | | 65.5 | | | | 9,889 |

As a global company, Enphase Energy faced risks from evolving macroeconomic conditions, including inflation, interest rates changes, fluctuations in foreign currency exchange rates, potential slowdowns or recessions, and geopolitical pressures including trade regulations and armed conflicts in Ukraine, the Gaza Strip, and nearby areas during 2023.

Total company-operated stores | 711 | | 655

K- Garan Incorporated (“Garan”), headquartered in New York, New York, designs, manufactures, imports and sells apparel primarily for children, including boys, girls, toddlers and infants. Products are sold under its own trademarks Garanimals® and 365 Kids from Garanimals® and easy-peasy®, as well as customer private label brands.

Net operating revenues were $45,754 million in 2023, compared to $43,004 million in 2022, an increase of $2,750 million, or 6%.

Over time, as digital information increased, Iron Mountain adapted by focusing on a hybrid model of physical and digital media storage, expanding its services accordingly.

Following the initial 12 years of regulatory exclusivity, biologics may receive an additional 180-day exclusivity period for conducting pediatric studies as per the Biologics Price Competition and Innovation Act.

The Company allocates the transaction price to each performance obligation on a relative SSP basis. Judgment is required to determine the SSP for each distinct performance obligation. The Company determines SSP by considering its overall pricing objectives and market conditions. Significant pricing practices taken into consideration include the Company’s discounting practices, the size and volume of the Company’s transactions, the customer demographic, the geographic area where services are sold, price lists, the Company's go-to-market strategy, historical and current sales and contract prices.


Question: What impact would a five percentage point change in the tail factor have on the projected net loss and loss expense reserves for the main U.S. Excess/Umbrella portfolios?

Specifically, for our main U.S. Excess/Umbrella portfolios, a five percentage point change in the tail factor could result in a change of approximately $0.7 billion, either positive or negative, for the projected net loss and loss expense reserves.

Net cash flows from operating activities | | 49,196 |

As a result of the increases in the combined Switzerland tax rates and the impact of implementation of global minimum tax requirements, we expect our effective tax rate to be higher in the future, beginning with the 2024 tax year.

Total revenue decreased from $3,582.1 million in fiscal year 2022 to $2,800.2 million in fiscal year 2023, marking a 21.8% reduction.

•an increase in costs related to our operating channels of $319.1 million, comprised of: –an increase in employee costs of $145.1 million primarily due to increased salaries and wages expense, incentive compensation, and benefit costs for retail employees, primarily from the growth in our business and increased wage rates; –an increase in other operating costs of $67.7 million primarily due to increased depreciation costs, technology costs, and repairs and maintenance costs;  –an increase in variable costs of $66.8 million primarily due to increased credit card fees, distribution costs, and packaging cost...

Professional services and other revenues increased by $496 million from fiscal year 2022 to 2023.

As of January 29, 2023, we were authorized, subject to certain specifications, to repurchase additional shares of our common stock up to $7.23 billion through December 2023.

The company expects to complete a significant expansion of the Ocala, Florida distribution center in 2024 that includes enhanced automation.


Question: What was Delta Air Lines' net deferred tax liability balance as of December 31, 2023?

At December 31, 2023 our net deferred tax liability balance was $665 million, including an $877 million valuation allowance primarily related to certain net realized and unrealized capital losses and certain state net operating losses.

Net earnings attributable to Hasbro, Inc. declined in 2022 to $203.5 million, compared to $428.7 million in 2021.

As of January 28, 2023, we have approximately 2,500 Dollar Tree Plus stores.

Food and beverage costs for the company rose by 41.7% from $165.1 in 2022 to $233.9 in 2023.

•an increase in costs related to our operating channels of $319.1 million, comprised of: –an increase in employee costs of $145.1 million primarily due to increased salaries and wages expense, incentive compensation, and benefit costs for retail employees, primarily from the growth in our business and increased wage rates; –an increase in other operating costs of $67.7 million primarily due to increased depreciation costs, technology costs, and repairs and maintenance costs;  –an increase in variable costs of $66.8 million primarily due to increased credit card fees, distribution costs, and packaging cost...

Privately held debt and equity securities are valued using significant unobservable inputs or data in an inactive market and the valuation requires our judgment due to the absence of market prices and inherent lack of liquidity. In determining the estimated fair value for these investments, we utilize the most recent data available and apply valuation methods, including the market approach and option pricing models (OPM), adjusted to reflect the specific rights and preferences of the classes of securities we hold.

Domestic wireless revenue increased in 2023 and 2022 primarily due to an increase in the number of customer lines. Wireless devices sales were consistent in 2023 compared to 2022 and increased in 2022 compared to 2021.

Critical assumptions that are used as part of a quantitative Family Dollar goodwill evaluation include: •The potential future revenue, EBITDA and cash flows of the reporting unit. The projections use management’s assumptions about economic and market conditions over the projected period.


Question: What additional exclusivity period may biologics receive for conducting pediatric studies under the Biologics Price Competition and Innovation Act?

Following the initial 12 years of regulatory exclusivity, biologics may receive an additional 180-day exclusivity period for conducting pediatric studies as per the Biologics Price Competition and Innovation Act.

Bermuda domiciled subsidiaries must prepare and file with the BMA, audited annual statutory financial statements and audited annual financial statements prepared in accordance with accounting principles generally accepted in the U.S. (U.S. GAAP), International Financial Reporting Standards (IFRS), or any such other generally accepted accounting principles as the BMA may recognize. The U.S. GAAP audited financial statements are made public by the BMA.

At December 31, 2023 our net deferred tax liability balance was $665 million, including an $877 million valuation allowance primarily related to certain net realized and unrealized capital losses and certain state net operating losses.

The total fair value of awards vested during 2023 was $77,626.

The products and services under the AARP Program include supplemental Medicare benefits, hospital indemnity insurance, including insurance for individuals between 50 to 64 years of age, and other related products.

At January 28, 2023, we operated stores in 48 states and the District of Columbia, as well as stores in five Canadian provinces.

In December 2023, the PRA issued near final market risk rules for the U.K. which are expected to be effective from July 1, 2025.


Question: What was the total principal repayments of financing obligations for 2023?

Principal repayments of financing obligations for 2023 amounted to $271 million.

While the outcome of this matter cannot be determined at this time, it is not currently expected to have a material adverse impact on our business.

On July 2, 2023, The Hershey Company paid a total of $206.1 million in cash dividends.

The holding amounts of fixed-to-floating interest rate swaps, including the cumulative adjustments for fair value hedging, were specifically quantified as $1,060 million on October 1, 2023, with a hedging adjustment of $(40.0) million, and as $1,047.7 million on October 2, 2022, with a hedging adjustment of $(52.3) million.

In 2023, Bank of America delivered approximately 6.7 million hours of training and development to its teammates through Bank of America Academy.

Net earnings attributable to Hasbro, Inc. declined in 2022 to $203.5 million, compared to $428.7 million in 2021.

UnitedHealth Group reported net earnings of $23,144 million in 2023.

•an increase in costs related to our operating channels of $319.1 million, comprised of: –an increase in employee costs of $145.1 million primarily due to increased salaries and wages expense, incentive compensation, and benefit costs for retail employees, primarily from the growth in our business and increased wage rates; –an increase in other operating costs of $67.7 million primarily due to increased depreciation costs, technology costs, and repairs and maintenance costs;  –an increase in variable costs of $66.8 million primarily due to increased credit card fees, distribution costs, and packaging cost...


Question: What were the primary drivers of the revenue increases at the Macao operations in 2023?

Increases at our Macao operations were primarily driven by increases of $57 million in ferry operations due to the resumption of ferry services in January 2023, $31 million in entertainment revenue, $16 million in limo revenue, $5 million in retail revenue, $4 million in convention revenue and $14 million in other operating revenues (e.g., Eiffel Tower, spa, and gondola rides).

Our valuation allowances are primarily related to U.S. capital loss carryforwards and various foreign jurisdictions’ net operating loss carryforwards and other deferred tax assets.

Gain (loss) on investments was $11 million in 2023, ($169) million in 2022, and $99 million in 2021.

Internationally, Botox Cosmetic net revenues increased by 10% in 2023, primarily driven by recovery from COVID-19 in China and increased consumer demand across other key international markets.

On July 2, 2023, The Hershey Company paid a total of $206.1 million in cash dividends.

Item 3 of the Annual Report on Form 10-K refers to disclosures regarding legal proceedings, directing readers to Note 14 of the Notes to the Consolidated Financial Statements in Item 8.

In fiscal 2022, we announced our Reinvention Plan in the U.S. market to increase efficiency while elevating the partner and customer experience.

In 2023, we continued to invest in our colleagues, building on a wide range of learning and development opportunities and enhancing our competitive benefits in key areas including holistic health and wellness, total compensation and flexibility. We conduct an annual Colleague Experience Survey to better understand our colleagues’ needs and overall experience at American Express.


Question: What was the total sales and trading revenue of Global Markets in 2023?

In 2023, total sales and trading revenue for Global Markets amounted to $17,376 million.

The cumulative change in fair value of the over-hedged portion of the related hedge contract is reclassified from Accumulated other comprehensive income (loss) to Other (income) expense, net during the quarter in which the decrease occurs.

ITEM 3. LEGAL PROCEEDINGS Refer to Note 15 – Contingencies of the Notes to Financial Statements (Part II, Item 8 of this Form 10-K) for information regarding legal proceedings in which we are involved.

In February 2023, we announced a 10% increase in our quarterly cash dividend to $2.09 per share.

The Company recognized $474 million of revenues and had obligations including a large liability for the guest loyalty program as of the end of 2023. This included performance obligations to Hilton Honors members for redeeming points along with licensing fees from a co-branded credit card arrangement. Auditors performed specific procedures to validate the clerical accuracy and adherence to accounting principles in the recognition of these revenues.

The company believes that the funds available, including cash expected to be generated from operations, funds from a commercial paper program, or lines of credit, are adequate to meet its working capital needs for the year, including the repayment of a $500 million debt.

The Financial Statements and Supplementary Data from pages 44 through 121 of IBM’s 2023 Annual Report to Stockholders are incorporated by reference in the Form 10-K.

We recognize revenue associated with Chipotle Rewards within food and beverage revenue on the consolidated statements of income and comprehensive income when a customer redeems an earned reward.


Question: What is the title of Item 8 as mentioned in the document?

Item 8 is titled 'Financial Statements and Supplementary Data.'

As of December 31, 2023, no amounts were drawn under the 2022 Credit Facility and outstanding letters of credit totaled $29 million.

U.S. dialysis depreciation and amortization expense increased in 2023 primarily due to accelerated depreciation for expected center closures.

The auditing of Broadcom Inc.'s internal control over financial reporting as of October 29, 2023, was based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

Net cash flows from operating activities | | 49,196 |

Foreign Currency Risk We transact business globally in multiple currencies and hence have foreign currency risks related to our revenue, costs of revenue and operating expenses denominated in currencies other than the U.S. dollar (primarily the Chinese yuan and euro in relation to our current year operations).

Our interest income was $989 million and $2.9 billion during 202itzerland and 2023, primarily due to an increase in prevailing rates.

Consumer VoIP Connections were 2,736 in 2021, decreased to 2,311 in 2022, and further to 1,953 in 2023.


Question: How are the Financial Statement Schedules presented in IBM's Form 10-K for 2023?

The Financial Statement Schedule is specifically on page S-1 of IBM's Form 10-K for 2023.

The increase in sales and marketing expense in the year ended December 31, 2023, as compared to the same period in 2022, was primarily due to $12.3 million of higher personnel-related expenses from a growth in headcount, $3.2 million of higher professional services, advertising costs and equipment costs, and $1.2 million provision for doubtful accounts.

The Learning inspired by FedEx (LiFE) program, in partnership with The University of Memphis, offers a suite of education benefits including tuition-free, fully online degree options for over 30 associate's and bachelor's programs of study, and in 2022 expanded to include all majors The University of Memphis offers online.

During the fourth quarter of 2023, the Company voluntarily changed its goodwill and indefinite-lived intangible asset annual impairment test date from September 30 to December 1. This voluntary change is preferable under the circumstances as it results in better alignment with the Company's strategic business planning and budgeting process.

Penalties for impermissible use or disclosure of PHI were increased by the HITECH Act by imposing tiered penalties of more than $50,000 per violation and up to $1.5 million per year for identical violations.

Net charge-offs as a percentage of average loans and leases outstanding for the first quarter of 2023 was 0.25%.

Contingent consideration liabilities are revalued to fair value at each subsequent reporting date until the related contingency is resolved using inputs like the discount rate, estimated probabilities and timing of achieving milestones.

At December 31, 2023, the company has federal net operating loss carryforwards of $109.6 million, of which $88.7 million is expected to be realized to reduce future federal taxable income.


Question: What type of information is included in Note 13 of the Annual Report on Form 10-K?

Note 13 in the Annual Report on Form 10-K includes information regarding commitments and contingencies associated with legal proceedings.

As of January 31, 2023, authorization for $19.3 billion of share repurchases remained under the share repurchase program.

•Server products and cloud services revenue increased $12.6 billion or 19% driven by Azure and other cloud services.

Technology and communications expenses increased by $51 million in 2023 from 2022, primarily due to $40 million related to Black Knight and increased hardware and software support costs, partially offset by a decrease in license expense.

The decrease in the Company's effective income tax rate in 2023 was primarily due to the absence of certain nondeductible legal charges and basis differences on the sale of bswift and PayFlex in 2022.

ciltacabtagene autoleucel is indicated for the treatment of relapsed and refractory multiple myeloma in patients who have undergone 1-3 prior lines of therapy.

Masimo Masimo Corporation and Cercacor Laboratories, Inc. (together, “Masimo”) filed a complaint before the U.S. International Trade Commission (the “ITC”) alleging infringement by the Company of five patents relating to the functionality of the blood oxygen feature in Apple Watch Series 6 and 7.

We use raw materials that are subject to price volatility caused by weather, supply conditions, political and economic variables and other unpredictable factors. We may use futures, options and swap contracts to manage the volatility related to the above exposures.


Question: What was the total net receivables in 2023?

In 2023, the total net receivables were $2,035 million.

Our effective tax rate for fiscal years 2023 and 2022 was 19% and 13%, respectively.

In October 2021, Comcast acquired Masergy, a provider of software-defined networking and cloud platforms for global enterprises, for a total cash consideration of $1.2 billion.

Using these constant rates, total revenue and advertising revenue would have been $374 million and $379 million lower than actual total revenue and advertising revenue, respectively, for the full year 2023.

Reality Labs RL revenue in 2023 decreased $263 million, or 12%, compared to 2022. The decrease in RL revenue w...  Read More

Changes in foreign exchange rates impacted cash and cash equivalents positively by $15 and $46 in 2023 and 2021, and negatively by $249 in 2022.

Adjusted net income and net interest yield on average Card- Member loans are evaluated as components measuring the profitability of the company's Card-Member loan portfolio.


Question: Where was the consolidated Multi-District Litigation proceeding held regarding the airline capacity antitrust litigation?

The lawsuits have been consolidated into a single Multi-District Litigation proceeding in the U.S. District Court for the District of Columbia.

ITEM 3. LEGAL PROCEEDINGS Refer to Note 15 – Contingencies of the Notes to Financial Statements (Part II, Item 8 of this Form 10-K) for information regarding legal proceedings in which we are involved.

Increasing reliance on and investment in information technology infrastructure, security measures, and privacy capabilities are essential for companies managing customer's financial information due to rising risks of fraud and data security.

For the year ended December 31, 2023, matching contributions for the 401(k) Plan totaled approximately $13,821.

The auditor's opinion on Palantir Technologies' financial statements was based on extensive audits that involved evaluating risks of material misstatement, both from error and fraud. Procedures included examining evidence and evaluating the accounting principles and estimates used by management. The audits were conducted adhering to PCAOB standards, confirming the financial statements conform to U.S. generally accepted accounting principles.

The audited components of Salesforce, Inc.'s financial statements as of January 31, 2023, and for the three years ending on that date, included the consolidated balance sheets, the related consolidated statements of operations, comprehensive income, stockholders' equity, and cash flows.

The Company recorded an income tax expense of $91,389 for the year ended December 31, 2022, with an effective tax rate of approximately 9%.

The projected future benefit payments for the Company's retirement plans are $1,481 million in 2024 and $1,473 million in 2025.


Question: What was the effect of financing activities on the Company's net cash in fiscal 2022?

Fiscal 2022 net cash used in financing activities increased $6.7 billion when compared to the previous fiscal year. The increase was primarily due to repayments of long-term debt and related payment of premiums for the early extinguishment of certain notes, as well as increased share repurchases, partially offset by long-term debt issuances and equity funding from the sale of subsidiary stock.

Goodwill and indefinite-lived intangible assets are initially recorded at their fair values.

Infrastructure software's operating income rose by $420 million from $5,219 million in fiscal year 2022 to $5,639 million in fiscal year 2023.

We engaged third party experts to assist in the determination of the weighted-average cost of capital used to discount the cash flows for our Family Dollar reporting unit. The weighted-average cost of capital used to discount the cash flows for our evaluation was 9.5% for our fiscal 2022 analysis.

The information required by Item 8 is included in Item 15(a) of the Annual Report.

Food and beverage costs for the company rose by 41.7% from $165.1 in 2022 to $233.9 in 2023.

Dividends on common stock declared by our Board of Directors totaled $1.11 per share in 2023.

We do not believe that the resolution of these legal matters, including the matters described in this Annual Report, will have a material adverse effect on our consolidated financial condition, results of operations, or liquidity.


Question: What educational opportunities does FedEx offer to its employees through the Learning inspired by FedEx (LiFE) program?

The Learning inspired by FedEx (LiFE) program, in partnership with The University of Memphis, offers a suite of education benefits including tuition-free, fully online degree options for over 30 associate's and bachelor's programs of study, and in 2022 expanded to include all majors The University of Memphis offers online.

Under the 2020 Plan, the exercise price of options granted is generally at least equal to the fair market value of the Company’s Class A common stock on the date of grant.

The carrying values of equity securities were included in the following line items in our consolidated balance sheets. The total equity securities value was $2,006 million on December 31, 2023, and $2,070 million on December 31, 2022.

FedEx allocates the net operating costs of the FedEx Services segment to other segments using specific metrics like relative revenue or estimated services provided to approximate the net cost of functions offered.

At the end of fiscal 2022, a total of 315 of our stores, or 13.6% of our total store count, were located in Canada and Mexico.

Increases at our Macao operations were primarily driven by increases of $57 million in ferry operations due to the resumption of ferry services in January 2023, $31 million in entertainment revenue, $16 million in limo revenue, $5 million in retail revenue, $4 million in convention revenue and $14 million in other operating revenues (e.g., Eiffel Tower, spa, and gondola rides).

For unrealized losses determined to be the result of market conditions or industry-related events, the Company determines whether it intends to sell the debt security or if it is more likely than not that the Company will be required to sell the debt security prior to the anticipated recovery of the debt security’s amortized cost basis. If either case is true, the Company recognizes a non-credit related impairment, and the cost basis or carrying amount of the debt security is written down to fair value.

HPE provides an industry-leading paid parental leave program which offers a minimum of six months leave, part-time work opportunities for new parents or team members transitioning to retirement, and four 'Wellness Fridays' off per year to focus on well-being.


Question: What is the basis for the Company to determine the Standalone Selling Price (SSP) for each distinct performance obligation in contracts with multiple performance obligations?

The Company allocates the transaction price to each performance obligation on a relative SSP basis. Judgment is required to determine the SSP for each distinct performance obligation. The Company determines SSP by considering its overall pricing objectives and market conditions. Significant pricing practices taken into consideration include the Company’s discounting practices, the size and volume of the Company’s transactions, the customer demographic, the geographic area where services are sold, price lists, the Company's go-to-market strategy, historical and current sales and contract prices.

Policy acquisition costs and administrative expenses were initially reported as 9,439 million U.S. dollars. Following unfavorable expense adjustments amounting to (23) million, the adjusted total came to 9,416 million U.S. dollars.

•Server products and cloud services revenue increased $12.6 billion or 19% driven by Azure and other cloud services.

Underwriting expenses increased $2.5 billion in 2023 compared to 2022.

The Learning inspired by FedEx (LiFE) program, in partnership with The University of Memphis, offers a suite of education benefits including tuition-free, fully online degree options for over 30 associate's and bachelor's programs of study, and in 2022 expanded to include all majors The University of Memphis offers online.

We use raw materials that are subject to price volatility caused by weather, supply conditions, political and economic variables and other unpredictable factors. We may use futures, options and swap contracts to manage the volatility related to the above exposures.

Garmin offers the quatix series wearable, GPS-enabled smartwatches designed for mariners, which include marine features for navigation, sailing, stereo control, autopilot functions, tidal information, a built-in LED flashlight, and solar charging, depending on model.

Item 8 in the financial document is titled 'Financial Statements and Supplementary Data.'


Question: What is Epkinly used for and how is it administered?

Epkinly (epcoritimab) is a product used to treat adults with certain types of diffuse large B-cell lymphoma (DLBCL) and high-grade B-cell lymphoma that has recurred or that does not respond to previous treatment after receiving two or more treatments. Epkinly is administered as a subcutaneous injection.

Depreciation and amortization totaled $4,856 as recorded in the financial statements.

In 2023 the Company’s Entertainment segment used production financing to fund certain of its television and film productions.

Underwriting expenses increased $2.5 billion in 2023 compared to 2022.

Excluding the items in the table below, adjusted profit per share for 2022 was $13.84 and for 2023 it was $21.21.

The Company recorded an income tax expense of $91,389 for the year ended December 31, 2022, with an effective tax rate of approximately 9%.

Total intrinsic value of options exercised in millions was $41 in 2021, $28 in 2022, and $25 in 2023.

Item 8 in IBM’s 2023 Annual Report to Stockholders includes the Financial Statements and Supplementary Data, found on pages 44 to 121.


Question: When does Intuit Inc. make its filed or furnished reports available on its website?

We make available free of charge on the Investor Relations section of our corporate website all of the reports we file with or furnish to the SEC as soon as reasonably practicable, after the reports are filed or furnished.

Revenue grew by 7.1% in 2023 compared to 2022.

In general, with variations by country, our warehouses accept certain credit cards, including Costco co-branded cards, debit cards, cash and checks, Executive member 2% reward certificates, co-brand cardholder rebates, and our proprietary stored-value card (shop card).

Part IV Item 15 in a financial document includes Exhibits and Financial Statement Schedules, as specified.

All of our Company’s facilities and other operations in the United States and elsewhere around the world are subject to various environmental protection statutes and regulations, including those relating to the use and treatment of water resources, discharge of wastewater, and air emissions.

We have paid transition tax of $7.7 billion, which included $1.5 billion for fiscal year 2023. The remaining transition tax of $10.5 billion is payable over the next three years, with $2.7 billion payable within 12 months.

In 2023, worldwide sales to customers increased by 6.5% compared to the previous year, rising from $79,990 million in 2022 to $85,159 million.

Specifically, for our main U.S. Excess/Umbrella portfolios, a five percentage point change in the tail factor could result in a change of approximately $0.7 billion, either positive or negative, for the projected net loss and loss expense reserves.


Question: How does Costco manage labor costs in its warehouse operations?

Because the hours of operation are shorter than many other retailers, and due to other efficiencies inherent in a warehouse-type operation, labor costs are lower relative to the volume of sales. Merchandise is generally stored on racks above the sales floor and displayed on pallets containing large quantities, reducing labor required.

in 2022 compared to $7.11 in 2021, an increase of $0.85, or 12.0%.

In fiscal 2022, we announced our Reinvention Plan in the U.S. market to increase efficiency while elevating the partner and customer experience.

We also purchase, and plan to continue purchasing, carbon credits to fully achieve our emissions goals in the long-term. Our aim is to procure such credits from high integrity projects, with a focus on nature-based solutions where feasible.

Voluntary cancellations generally become effective at the end of the prepaid membership period. Involuntary cancellations, as a result of a failed method of payment, become effective immediately.

Infrastructure software's operating income rose by $420 million from $5,219 million in fiscal year 2022 to $5,639 million in fiscal year 2023.

The impairment charges for Depop and Elo7 were influenced by factors such as macroeconomic conditions including reopening and inflation, as well as management changes and revised projected cash flows affecting their fair values.

DOJ Opioid Civil Litigation: A civil complaint pending in the U.S. District Court for the District of Delaware has been filed by the U.S. Department of Justice (the 'DOJ') against the Company, in which the DOJ alleges violations of the Controlled Substances Act related to nationwide distribution and dispensing of opioids.


Question: How much did the company plan to spend on capital investments related to property and equipment in fiscal year 2024?

During fiscal year 2024, we expect to use our existing cash and cash equivalents, our marketable securities, and the cash generated by our operations to fund our capital investments of approximately $1.10 billion to $1.30 billion related to property and equipment.

Linzess (linaclotide) is a once-daily guanylate cyclase-C agonist used in adults to treat irritable bowel syndrome with constipation (IBS‑C) and chronic idiopathic constipation.

The income tax provision was $74.2 million in the year ended December 31, 2023, as compared to $54.7 million in the same period in 2022.

Medicaid Services (“CMS”) published the first “Selected Drug” list, which includes XARELTO and STELARA as well as IMBRUVICA, which is developed in collaboration and co-commercialized in the U.S. with Pharmacyclics LLC, an AbbVie company.

An adverse resolution of any lawsuit or claim against us, including those we are involved with due to acquisition activity, may require us to pay substantial damages or impose restrictions on how we conduct business, either of which could adversely affect our business, financial condition and operating results.

For a discussion of legal and other proceedings in which we are involved, see Note 13 - Commitments and Contingencies in the Notes to Consolidated Financial Statements in Part II, Item 8 of this Annual Report on Form 10-K.

During the year ended December 31, 2023, warrant holders exercised warrants to purchase 7.1 million shares of Class A common stock. The warrants were exercised on a cashless basis resulting in the issuance of 5.6 million shares of Class A common stock.

Under Part I, Item 3 (Legal Proceedings) of the Annual Report on Form 10-K, the relevant information is found in Note 11—Commitments and Contingencies in the Consolidated Financial Statements.


Question: What is the likelihood of realizing deferred tax assets according to the company's belief?

We believe it is more likely than not that we will generate sufficient taxable income to realize deferred tax assets, despite valuation allowances.

The company uses a variety of ingredients in their products, including high fructose corn syrup, sucrose, aspartame, and other sweeteners, as well as ascorbic acid, citric acid, phosphoric acid, caffeine, and caramel color; they also use orange and other fruit juice concentrates, and water is a main ingredient in substantially all products.

Net deferred tax liabilities for the company on December 31, 2023 were listed as $58,583.

Information on legal proceedings is conveyed by incorporating it by reference from 'Note 13 — Commitments and Contingencies — Litigation and Other Legal Matters' within the consolidated financial statements.

The Financial Statements and Supplementary Data from pages 44 through 121 of IBM’s 2023 Annual Report to Stockholders are incorporated by reference in the Form 10-K.

one of the largest railroad systems in North America. BNSF Railway had approximately 37,000 employees at the end of 2023, of whom approximately 32,000 were members of a labor union.

Berkshire’s operating businesses are managed on an unusually decentralized basis. There are few centralized or integrated business functions. Berkshire’s senior management team participates in and is ultimately responsible for significant capital allocation decisions, investment activities and the selection of the Chief Executive to head each of the operating businesses.

The increase in operating income was primarily driven by an increase in revenues, partially offset by an increase in content acquisition costs and compensation expenses including an increase in SBU expense.