Question: What is the Company's procedure when it determines that an unrealized loss on a debt security is due to market conditions or industry-related events?

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.

The Civil Monetary Penalties Statute can lead to liability for several offenses, such as presenting false claims for payment, inducements likely to influence healthcare decisions, engaging excluded entities in federal healthcare programs, and not repaying known overpayments to the federal government.

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.

We continue to monitor external factors like supply chain disruptions and work to minimize these challenges to meet customer demand, while assessing the environment for any additional actions needed.

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

Over the last three years, Walmart International has undertaken strategic actions including divesting of Walmart Argentina, Asda Group... in the U.K., Seiyu in Japan, buying out noncontrolling interests in Massmart, exiting operations in Africa, and increasing ownership in PhonePe.

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.


Question: What is the formula used to calculate inventory turnover?

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

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.

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.

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 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.

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.

The Report of Independent Registered Public Accounting Firm, our Financial Statements, the accompanying Notes to the Financial Statements, and the Financial Statement Schedule that are filed as part of this Report are listed under “Item 15. Exhibits and Financial Statement Schedules” and are set forth beginning on page 105 immediately following the signature pages of this Report.

The risk-free interest rate used in the Black-Scholes model for SOSARs granted in 2023 was 4.1%.


Question: How much did the net income for automotive activities increase from 2021 to 2023?

Net income for 2021 was $7.8 billion, and it increased to $10.1 billion by 2023, reflecting a growth of $2.3 billion over two years.

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).

According to the credit exposure figures, loans held for securitization amounted to $7.65 billion in December 2023, down from December 2022's amount of $8.07 billion.

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.

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.

The Etsy, Reverb, and Depop marketplaces collectively connected a total of 9.0 million active sellers to 96.5 million active buyers as of December 31, 2022.

In December 2022, the European Commission published new legislative proposals on clearing services amending EMIR and provisions in the framework. The European Commission aims to encourage clearing in the EU and reduce exposure to non-EU CCPs through adding an operational account requirement, which could require EU-based firms to clear a proportion of their derivatives business at an EU CCP.

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


Question: What pages of IBM's 2023 Annual Report to Stockholders contain the Financial Statements and Supplementary Data?

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

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

Global treaties and initiatives such as the Basel, Rotterdam and Stockholm Conventions on Chemicals and Waste focus on regulating chemical substances globally.

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.

'Item 15. Exhibits and Financial Statement Schedules' includes the Exhibits and Financial Statement Schedules as specified in the report.

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

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.


Question: What was the adjusted FIFO operating profit in 2022 and how did it compare to the previous year?

Achieved adjusted FIFO operating profit of $5.1 billion, which represents an 18% increase compared to 2021.

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 Item 8, one can find detailed information on Financial Statements and Supplementary Data.

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.

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

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.

Entertainment segment operating losses in 2023 were driven primarily by a non-cash goodwill impairment charge of $960.0 million, reflecting a reduced long-term forecast due to lower profitability of PJ MASKS, and a loss on disposal of business of $539.0 million related to the sale of the eOne Film and TV business not directly supporting the Company's Entertainment Strategy, among other factors.


Question: What led to an increase in sales and marketing expenses for Enphase Energy in 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 Financial Statement Schedule for IBM's 2023 report can be found on page S-1 of Form 10-K.

Basic net income per share is computed by dividing net income attributable to common stock by the weighted-average number of shares of common stock outstanding during the period.

In March 2023, the Board of Directors sanctioned a restructuring plan concentrated on investment prioritization towards significant growth prospects and the optimization of the company's real estate assets. This includes substantial organizational changes such as reductions in office space and workforce.

Net earnings to common totaled $952 million for the year ended December 2023 in Goldman Sachs' Asset & Wealth Management.

Hershey Trust Company, as trustee for the trust established by Milton S. and Catherine S. Hershey that has as its sole beneficiary Milton Hershey School, maintains voting control over The Hershey Company.

We continue to monitor external factors like supply chain disruptions and work to minimize these challenges to meet customer demand, while assessing the environment for any additional actions needed.

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.


Question: When is Chevron's concession for operating Saudi Arabia's interest in the hydrocarbon resources in the Partitioned Zone due to expire?

Chevron holds a concession to operate the Kingdom of Saudi Arabia’s 50 percent interest in the hydrocarbon resources in the onshore area of the Partitioned Zone between Saudi Arabia and Kuwait. The concession expires in 2046.

For a description of our significant pending legal proceedings, see Note 13 titled Commitments and Contingencies - Legal Proceedings of the Notes to Consolidated Financial Statements included in Part II, Item 8 of this Annual Report on Form 10-K.

The Starbucks Experience is built on superior customer service, convenience, digital integration, and well-maintained stores that resonate with local communities, fostering high customer loyalty.

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.

Ms. Reynolds has served as Vice President, Worldwide Controller, and Principal Accounting Officer since April 2007.

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

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.

As a large BHC, JPMorgan Chase is subject to supervisory stress testing under the Federal Reserve's annual Comprehensive Capital Analysis and Review (CCAR) framework, requiring the conduct of annual company-run stress tests, submission of an annual capital plan, and filing an annual CCAR submission on April 5, 2024.


Question: What acquisitions did the Life Insurance segment include in 2023?

Effective July 1, 2023, the Life Insurance segment includes 100 percent of the results of Huatai Group's life and asset management business as required under consolidation accounting.

We generally do not utilize derivative products, such as interest rate swaps, to manage interest rate risks and we do not attempt to match maturities of assets and liabilities.

Garmin has implemented multiple environmental management systems and achieved certification to the ISO 14001 standard for Environmental Management at facilities in the U.S., U.K., Taiwan, Poland, and China.

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.

The PowerUp Rewards membership totals include 5.6 million paying pro members.

On December 3, 2020, a company acquired Credit Karma, which now operates as a separate reportable segment and includes results from the date of acquisition. The segment's income includes all direct expenses related to selling, marketing, product development, and general administrative tasks.

While Item 8 discusses financial statements and supplementary data, the actual consolidated financial statements and notes are included elsewhere in the Annual Report on Form 10-K.

The ACA specifies minimum medical loss ratios (MLRs) for Commercial and Medicare Insured products, specifies features required to be included in commercial benefit designs, limits commercial individual and small group rating and pricing practices, encourages additional competition, and includes regulations and processes that could delay or limit the Company’s ability to appropriately increase its health plan premium rates.


Question: What percentage of Iron Mountain's revenue comes from a single customer in 2023?

In 2023, no single customer accounted for more than approximately 1% of revenue for Iron Mountain.

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.

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.

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.

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

Total company-operated stores | 711 | | 655

The Company is exposed to fluctuations in prices for energy, particularly electricity and natural gas, and other commodity products used in retail and manufacturing operations, which it seeks to partially mitigate through the use of fixed-price contracts for certain of its warehouses and other facilities, primarily in the U.S. and Canada.


Question: What were the net cash flows provided by investing activities for Hasbro in 2023?

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

A high proportion of relatively fixed structural costs, so that small changes in wholesale unit volumes can significantly affect overall profitability.

Dealer Inventories – Represents dealer machine and engine inventories, excluding aftermarket parts.

In 2023, the income tax benefit was recorded at 12.9% of pre-tax loss.

Aqua-Chem filed a lawsuit in Wisconsin seeking a declaratory judgment that the company is responsible for all liabilities and expenses not covered by insurance related to certain liability claims from before the sale of Aqua-Chem, in addition to a breach of contract judgment for costs incurred to date exceeding $9 million.

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.

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

Revenue from company-operated stores accounted for 82% of total net revenues during fiscal 2023.


Question: How is the information on legal proceedings conveyed in the Annual Report on Form 10-K?

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.

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.

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.

The Insurance segment benefits expense included $872 million of favorable prior-period medical claims reserve development in the 2023 period and $415 million of favorable prior-period medical claims reserve development in the 2022 period.

Entertainment segment operating losses in 2023 were driven primarily by a non-cash goodwill impairment charge of $960.0 million, reflecting a reduced long-term forecast due to lower profitability of PJ MASKS, and a loss on disposal of business of $539.0 million related to the sale of the eOne Film and TV business not directly supporting the Company's Entertainment Strategy, among other factors.

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.


Question: What was the main reason for Visa to engage in mergers and acquisitions, joint ventures, and strategic investments?

Mergers and acquisitions, joint ventures and strategic investments complement our internal development and enhance our partnerships to align with Visa’s priorities.

In an insurance coverage litigation filed in 2004 in Wisconsin, the complaint sought a determination of the rights and obligations under various insurance policies regarding asbestos-related claims against Aqua-Chem, and the insurers also sought monetary judgments for amounts paid in excess of their obligations.

The worldwide effective income tax rate from continuing operations was 11.5% in 2023.

Cash used in financing activities in fiscal 2022 was primarily attributable to settlement of stock-based awards.

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

We believe that Free Cash Flow is a meaningful indicator of liquidity that provides information to our management and investors about the amount of cash generated from operations, after purchases of property and equipment, that can be used for strategic initiatives, including continuous investment in our business, growth through acquisitions, and strengthening our balance sheet.

Our 2022 EPS-diluted also benefited from lower weighted-average shares outstanding as a result of share repurchases pursuant to our Board-approved repurchase programs.

We also refer to a number of financial measures that are not defined under accounting principles generally accepted in the United States of America (U.S. GAAP), consisting of organic sales growth, core earnings per share (Core EPS), adjusted free cash flow and adjusted free cash flow productivity. Organic sales growth is net sales growth excluding the impacts of acquisitions and divestitures and foreign exchange from year-over-year comparisons. Core EPS is diluted EPS excluding certain items that are not judged by management to be part of the Company's sustainable results or trends. Adjusted free cash flow is operating cash flow less capital spending and excluding payments for the transitional tax resulting from the U.S. Tax Act. Adjusted free cash flow productivity is the ratio of adjusted free cash flow to net earnings excluding certain one-time items.


Question: What are included in Part IV of the Annual Report on Form 10-K?

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.

HPE has deployed an edge-to-cloud strategy that capitalizes on emergent megatrends and delivers a data-first modernization approach for customers. HPE has evolved to a platform-based model, fueled by a portfolio richer in software and services.

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.

OPSUMIT (macitentan) is tailored for the therapeutic management of pediatric pulmonary arterial hypertension.

For a description of our significant pending legal proceedings, see Note 13 titled Commitments and Contingencies - Legal Proceedings of the Notes to Consolidated Financial Statements included in Part II, Item 8 of this Annual Report on Form 10-K.

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

Shipping The company’s marine fleet includes both U.S. and foreign flagged vessels. The operated fleet consists of conventional crude tankers, product carriers and LNG vessels.

As of June 30, 2023, the primary unresolved issues for the IRS audits relate to transfer pricing, which could have a material impact in our consolidated financial statements when the matters are resolved.


Question: How are contingent consideration liabilities valued?

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.

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.

Definition and Limitations of Internal Control Over Financial Reporting: A company's internal control over financial reporting...includes those policies and procedures that: (1) pertain to the maintenance of records that...accurately and fairly reflect the transactions...; (2) provide reasonable assurance that transactions are recorded as necessary...; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company's assets...

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

Deferred tax assets represent amounts available to reduce income taxes payable on taxable income in future years. Such assets arise because of temporary differences between the financial reporting and tax bases of assets and liabilities, as well as from net operating loss and tax credit carryforwards.

Our compensation programs are designed to be legally compliant with employee compensation laws in all states and countries in which we operate.

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.

As of December 31, 2023, we had $47.9 billion in long-term debt outstanding, including unsecured debt and asset-backed securities.


Question: What is the title of item 8 in the financial document?

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

Excluding the United States, 76 percent of face-to-face transactions globally were contactless in fiscal year 2023.

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.

In an insurance coverage litigation filed in 2004 in Wisconsin, the complaint sought a determination of the rights and obligations under various insurance policies regarding asbestos-related claims against Aqua-Chem, and the insurers also sought monetary judgments for amounts paid in excess of their obligations.

Qulipta (atogepant) is a calcitonin gene-related peptide receptor antagonist indicated for the preventive treatment of episodic and chronic migraine in adults. Qulipta is commercialized in the United States and Canada and is approved in the European Union under the brand name Aquipta.

Statements regarding future economic performance and management’s plans and objectives in the report constitute forward-looking statements.

Comcast's operating income saw a significant increase, rising by 66.0% from 2022 to 2023.


Question: What was the percentage increase in Schwab's common stock dividend in 2022?

We increased our common stock dividend by 22% during 2022.

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

In an insurance coverage litigation filed in 2004 in Wisconsin, the complaint sought a determination of the rights and obligations under various insurance policies regarding asbestos-related claims against Aqua-Chem, and the insurers also sought monetary judgments for amounts paid in excess of their obligations.

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.

GM Financial's penetration of our retail sales in the U.S. was 42% in the year ended December 31, 2023, compared to 43% in the corresponding period in 2022.

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 year-over-year decrease of $19.9 billion in net income/(loss) in 2022 includes the effect of special items, including the mark-to-market net loss on our Rivian investment and the impairment on our Argo investment.

The Report of Independent Registered Public Accounting Firm, our Financial Statements, the accompanying Notes to the Financial Statements, and the Financial Statement Schedule that are filed as part of this Report are listed under “Item 15. Exhibits and Financial Statement Schedules” and are set forth beginning on page 105 immediately following the signature pages of this Report.


Question: What are the key elements of AbbVie's strategic objectives for 2024?

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...

Basic net income per share is computed by dividing net income attributable to common stock by the weighted-average number of shares of common stock outstanding during the period.

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

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

In assessing disability insurance claims, economic factors including GDP growth, employment trends, and disposable income figures are evaluated as part of the process to estimate liabilities for benefit claims.

The main drivers of changes in SG&A as a percentage of net sales are overhead and marketing cost savings, reinvestments (for example, increased advertising), inflation, foreign exchange fluctuations and scale impacts.

We are subject to income taxes and various other taxes in the U.S. and in many foreign jurisdictions; therefore, changes in both domestic and international tax laws or regulations have affected and may affect our effective tax rate, results of operations, and cash flows.

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


Question: What technologies is Hewlett Packard Labs investing in?

Hewlett Packard Labs collaborates with an applied research group, investing in long-term technological advancements, including artificial intelligence software, advanced systems architectures, networking, and photonics.

The company executed common shares repurchases worth $1.6 billion, $2.1 billion, and $79 million in 2023, 2022, and 2021, respectively, under share repurchase plans authorized by the Board of Directors in connection with employee stock plans.

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.

Comprising part of its employee welfare programs, Comcast invests in mental health support through counseling and digital tools to aid in various personal challenges.

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

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

25 basis decrease expected ROA leads to -$25 effect on 2024 Pension Expense.

Revenue from company-operated stores accounted for 82% of total net revenues during fiscal 2023.


Question: What types of laws and regulations does the company need to comply with?

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.

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).

Exposures are aggregated, monitored, and actively managed by our Global Credit Committee, comprising senior executives, including our Chief Financial Officer, our Chief Risk ejectedf Officer, our Chief Investment Officer, and our Treasurer.

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.

Apparel revenues decreased 14% on a currency-neutral basis, primarily due to lower revenues in Men's and Women's. Unit sales of apparel decreased 8%.

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.

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).

In September 2022, the FASB issued ASU No. 2022-04, “Liabilities—Supplier Finance Programs (Topic 405-50) - Disclosure of Supplier Finance Program Obligations,” which is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years.


Question: What is the nature of IBM's relationship with its strategic partners in competitional terms?

Companies with which we have strategic partnerships in some areas may be competitors in other areas.

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.

For light- and medium-duty passenger cars and light trucks, EPA promulgated a rule in 2021 establishing GHG standards applicable from model years 2023 through 2026. This rule reversed a rollback of GHG standards that EPA had previously promulgated in 2020.

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.

In the head-to-head Phase 4 IMMpulse study, significantly more patients achieved co-primary endpoints with Skyrizi versus Otezla and was well-tolerated with no new safety signals identified.

IBM's 2023 Annual Report reserves pages 44 through 121 for Financial Statements and Supplementary Data.

We paid cash of $303.9 million for income taxes during 2023 compared to $221.3 million in the same period of 2022.

FedEx Express is the world’s largest express transportation company, offering time-definite delivery to more than 220 countries and territories, connecting markets that comprise more than 99% of the world’s gross domestic product.


Question: What role did Ms. O'Brien serve in before becoming the Deputy Chief Risk Officer?

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.

We are principally engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico, Canada, Mexico, Japan, the United Kingdom (U.K.), Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden.

During fiscal 2022, $2.25 billion of senior notes was repaid.

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.

AbbVie believes that the non-GAAP measure of change in net revenues at constant currency rates, when used in conjunction with the GAAP measure of change in net revenues at actual currency rates, may provide a more complete understanding of the company's operations.

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

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

Fiscal 2023 total gross profit margin of 35.1% represents an increase of 1.7 percentage points as compared to the respective prior year period.


Question: What subscription services does Amazon offer as part of Amazon Prime?

Amazon Prime, a membership program, offers fast, free shipping on tens of millions of items, access to award-winning movies and series, and other benefits.

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.

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.

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.

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.

The Firmwide Capital Committee, co-chaired by the head of Credit Risk and a co-head of the Global Financing Group, provides approval and oversight of debt-related transactions, including principal commitments of our capital, aiming to ensure that business, reputational, and suitability standards for underwritings and capital commitments are maintained on a global basis.

As of January 28, 2024, we have invested a total of $44.8 million(1) towards this goal.

We also refer to a number of financial measures that are not defined under accounting principles generally accepted in the United States of America (U.S. GAAP), consisting of organic sales growth, core earnings per share (Core EPS), adjusted free cash flow and adjusted free cash flow productivity. Organic sales growth is net sales growth excluding the impacts of acquisitions and divestitures and foreign exchange from year-over-year comparisons. Core EPS is diluted EPS excluding certain items that are not judged by management to be part of the Company's sustainable results or trends. Adjusted free cash flow is operating cash flow less capital spending and excluding payments for the transitional tax resulting from the U.S. Tax Act. Adjusted free cash flow productivity is the ratio of adjusted free cash flow to net earnings excluding certain one-time items.


Question: What are the two main automotive segments of General Motors?

General Motors operates through automotive segments which include GM North America (GMNA) and GM International (GMI).

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.

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.

The Etsy, Reverb, and Depop marketplaces collectively connected a total of 9.0 million active sellers to 96.5 million active buyers as of December 31, 2022.

Our purpose is to unite caring with discovery to create medicines that make life better for people around the world.

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.

Entertainment segment operating losses in 2023 were driven primarily by a non-cash goodwill impairment charge of $960.0 million, reflecting a reduced long-term forecast due to lower profitability of PJ MASKS, and a loss on disposal of business of $539.0 million related to the sale of the eOne Film and TV business not directly supporting the Company's Entertainment Strategy, among other factors.

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.


Question: How did the Consumer Products segment perform in 2023 compared to 2022?

Consumer Products segment operating results decreased $282.0 million to an operating loss of $64.7 million in 2023, compared to operating profit of $217.3 million in 2022. The operating profit margin decreased to -2.2% of net revenues in 2023 from 6.1% of net revenues in 2022.

We could be subject to penalties or other consequences if the OIG or a similar regulatory authority determines that we failed to comply with applicable laws, regulations or requirements, including, among other things substantial monetary penalties and exclusion from participation in federal healthcare programs that could have a material adverse effect on our business, results of operations, financial condition, cash flows, reputation and stock price.

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.

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.

In 2023, the net interest revenue was $9,427 million.

Net income for 2021 was $7.8 billion, and it increased to $10.1 billion by 2023, reflecting a growth of $2.3 billion over two years.

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.

Entertainment segment operating losses in 2023 were driven primarily by a non-cash goodwill impairment charge of $960.0 million, reflecting a reduced long-term forecast due to lower profitability of PJ MASKS, and a loss on disposal of business of $539.0 million related to the sale of the eOne Film and TV business not directly supporting the Company's Entertainment Strategy, among other factors.


Question: What type of websites does Airbnb own related to their business?

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.

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.

On March 30, 2023, the CFPB adopted a final rule requiring covered financial institutions, such as us, to collect and report data to the CFPB regarding certain small business credit applications.

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

Long-term investments, other than investments made through the Company’s Impact Investment Fund, with original maturities of greater than twelve months but less than 37 months, are classified as available-for-sale and are reported at fair value using the specific identification method. Unrealized gains and losses are primarily excluded from earnings and reported as a component of other comprehensive income (loss), net of related tax (expense) benefit.

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).

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

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".


Question: What role do medical directors play at outpatient dialysis centers, and what are their general qualifications?

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.

Ms. Reynolds has served as Vice President, Worldwide Controller, and Principal Accounting Officer since April 2007.

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.

Aqua-Chem filed a lawsuit in Wisconsin seeking a declaratory judgment that the company is responsible for all liabilities and expenses not covered by insurance related to certain liability claims from before the sale of Aqua-Chem, in addition to a breach of contract judgment for costs incurred to date exceeding $9 million.

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.

Our effective tax rate in the future will depend upon the proportion between the following items and income before provision for income taxes: U.S. tax benefits from foreign-derived intangible income, tax effects from share-based compensation, research tax credit, tax effects from capital losses not expected to be utilized, restructurings, settlement of tax contingency items, tax effects of changes in our business, and the effects of changes in tax law.

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.

In 2023, Comcast restructured the presentation of its operating results around two primary business segments: Connectivity & Platforms and Content & Experiences. Connectivity & Platforms comprises two sub-segments, Residential Connectivity & Platforms and Business Services Connectivity, and Content & Experiences includes Media, Studios, and Theme Parks.


Question: What services does DaVita Clinical Research provide?

DaVita Clinical Research (DCR) is a provider-based specialty clinical research organization with a wide spectrum of services for clinical drug research and device development. DCR uses its extensive real-world healthcare expertise to assist in the design, recruitment and completion of retrospective and prospective studies.

The following Management’s Discussion and Analysis (“MD&A”) is intended to help the reader understand the results of operations and financial condition of Equifax Inc.

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.

We recognize revenues when control of the promised goods or services is transferred to customers, under terms that generally include payment terms, customer payment performance, rights of return, and warranties, which reflect each party’s rights and obligations.

Fiscal Year Highlights The Company’s total net sales were $383.3 billion and net income was $97.0 billion during 2023. The Company’s total net sales decreased 3% or $11.0 billion during 2023 compared to 2022. The weakness in foreign currencies relative to the U.S. dollar accounted for more than the entire year-over-year decrease in total net sales, which consisted primarily of lower net sales of Mac and iPhone, partially offset by higher net sales of Services.

FDICIA establishes five capital categories for FDIC-insured banks, such as GS Bank USA: well-capitalized, adequately capitalized, undercapitalized, significantly undercapitalized and critically undercapitalized.

Key factors in AutoZone's store location decisions include future profitability, demographic profiles, vehicle types, customer trends, competition, and real estate costs, influencing where and when to establish new stores.

Statutory federal income tax expense at 21% was $107 million for the year ended December 30, 2023, $252 million for the year ended December 31, 2022, and $772 million for the year ended December 25, 2021.


Question: How does the company view the potential impact of legal proceedings on its financial position?

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.

The total notional values of derivatives related to our foreign currency economic hedges were $6,989 million and $4,902 million as of December 31, 2023 and 2022, respectively.

The SEC has defined a company’s critical accounting policies as the ones that are most important to the portrayal of a company’s financial condition and results of operations, and which require a company to make its most difficult and subjective judgments.

We have built four principal software platforms, Palantir Gotham (“Gotham”), Palantir Foundry (“Foundry”), Palantir Apollo (“Apollo”), and Palantir Artificial Intelligence Platform (“AIP”).

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.

A paid membership (also referred to as a paid subscription) is defined as a membership that has the right to receive service following sign-up and a method of payment being provided, and that is not part of a free trial or certain other promotions.

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

As of December 31, 2023, we had $47.9 billion in long-term debt outstanding, including unsecured debt and asset-backed securities.


Question: What factors contributed to the increase in technology and communications expenses in 2023?

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.

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 average discount rate on the OPRB plan of 5.6% reflects the higher interest rates generally applicable in the U.S., which is where most of the plan participants receive benefits. A 100 basis-point change in the discount rate would impact annual after-tax OPRB expense by approximately $30 million.

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).

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.

Changes in certain assumptions could significantly affect pension expense and benefit obligations, particularly the estimated long-term rate of return on plan assets and the discount rates used to calculate such obligations.

For Online-Hosted Service Games, which require an internet connection for all functionalities, the company recognizes revenue continuously as the service is provided. This recognition is based on the premise that the online hosting represents a distinct and singular performance obligation.

See’s Candy Shops, Incorporated ("See’s") produces boxed chocolates and other confectionery products with an emphasis on quality and distinctiveness in two large kitchens in Los Angeles and South San Francisco and a facility in Burlingame, California. See’s operates approximately 250 retail and volume saving stores located mainly in California and other Western states, as well as over 115 seasonal locations. See’s revenues are highly seasonal with approximately half of its annual revenues earned in the fourth quarter.


Question: What was the amount of impairment of goodwill in 2023, and what percentage of net revenues did it represent?

In 2023, Impairment of goodwill of $1,191.2 million, or 23.8% of net revenues represents non-cash impairment charges of $960.0 million associated with the Company's Family Brands reporting unit recorded during the fourth quarter of 2023, reflecting a reduced long-term forecast due to lower profitability of PJ MASKS, and a change in outlook for the Company's owned and operated production efforts that shifted the Entertainment strategy to an asset lite and partner led model.

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

The audit report on the Consolidated Financial Statements is dated February 16, 2024, and was conducted by PricewaterhouseCoopers LLP.

We have built four principal software platforms, Palantir Gotham (“Gotham”), Palantir Foundry (“Foundry”), Palantir Apollo (“Apollo”), and Palantir Artificial Intelligence Platform (“AIP”).

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.

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.

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.

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


Question: What are the critical assumptions used in the quantitative Family Dollar goodwill evaluation?

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.

Impairment tests for indefinite-lived intangible assets need to be performed at least annually, or more often if certain events or circumstances suggest potential impairment.

The Insurance segment benefits expense included $872 million of favorable prior-period medical claims reserve development in the 2023 period and $415 million of favorable prior-period medical claims reserve development in the 2022 period.

As of December 31, 2023, our board is composed of 40% women and 10% people of color.

Factors that most significantly influence a region's profitability are industry volume, market share and the relative mix of vehicles (trucks, crossovers, cars) sold.

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.

IBM's 2023 Annual Report reserves pages 44 through 121 for Financial Statements and Supplementary Data.


Question: What was the total carrying value of Alphabet Inc.'s non-marketable equity securities as of December 31, 2023?

As of December 31, 2023, the carrying value of Alphabet Inc.'s non-marketable equity securities was $28.8 billion, including $13.7 billion remeasured at fair value during the year.

In the head-to-head Phase 4 IMMpulse study, significantly more patients achieved co-primary endpoints with Skyrizi versus Otezla and was well-tolerated with no new safety signals identified.

A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.

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.

The description of legal proceedings in Item 3 of the report is not direct but instead provided by reference to the "Contingencies" section in Note 15 of the consolidated financial statements.

Asset management and administration fees vary with changes in the balances of client assets due to market fluctuations and client activity.

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

The Company is exposed to fluctuations in prices for energy, particularly electricity and natural gas, and other commodity products used in retail and manufacturing operations, which it seeks to partially mitigate through the use of fixed-price contracts for certain of its warehouses and other facilities, primarily in the U.S. and Canada.


Question: Describe the primary retail objective of Starbucks.

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.

On May 5, 2022, the Court consolidated the Hialeah and Deulina Actions and appointed Robeco Capital Growth Funds SICAV – Robeco Global Consumer Trends as lead plaintiff. Lead plaintiff filed its amended complaint on June 25, 2022, purportedly on behalf of a class of individuals who purchased or otherwise acquired the Company’s common stock between February 5, 2021 and January 19, 2022 against the Company and certain of its current and former officers, alleging that the defendants made false and/or misleading statements about demand for the Company’s products and the reasons for the Company’s inventory growth, and engaged in improper trading in violation of Sections 10(b) and 20A of the Exchange Act.

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

A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.

Our effective tax rate in the future will depend upon the proportion between the following items and income before provision for income taxes: U.S. tax benefits from foreign-derived intangible income, tax effects from share-based compensation, research tax credit, tax effects from capital losses not expected to be utilized, restructurings, settlement of tax contingency items, tax effects of changes in our business, and the effects of changes in tax law.

The Report of Independent Registered Public Accounting Firm, our Financial Statements, the accompanying Notes to the Financial Statements, and the Financial Statement Schedule that are filed as part of this Report are listed under “Item 15. Exhibits and Financial Statement Schedules” and are set forth beginning on page 105 immediately following the signature pages of this Report.

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.

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.


Question: How has Peloton adapted its manufacturing strategy as of July 2022?

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.

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

Statutory federal income tax expense at 21% was $107 million for the year ended December 30, 2023, $252 million for the year ended December 31, 2022, and $772 million for the year ended December 25, 2021.

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.

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.

However, any projections of future cash needs and cash flows are subject to substantial uncertainty.

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.

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


Question: How is the Company Adjusted EBIT Margin calculated?

Company Adjusted EBIT Margin is derived by dividing the Company adjusted EBIT by Company revenue, which is a non-GAAP measure useful for evaluating the company's operating results.

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

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

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.

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

The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles as well as sales of automotive regulatory credits. Additionally, the automotive segment also includes services and other, which includes sales of used vehicles, non-warranty after-sales vehicle servicens, body shop and parts, paid Supercharging, vehicle insurance revenue and retail merchandise.

The operating segments include ALLDATA, which produces, sells and maintains diagnostic, repair, collision and shop management software used in the automotive repair industry.

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.


Question: What are the focus areas for the HP GreenLake platform?

The HP GreenValley edge-to-cloud platform is used for software-defined disaggregated storage services that include HPE GreenLake for Block Storage and HPE GreenLake for File Storage, and it provides unified cloud-based management to simplify how customers manage storage.

Peloton Interactive, Inc. is the largest interactive fitness platform in the world, pioneering connected, technology-enabled fitness with the creation of its interactive fitness equipment and the streaming of immersive, instructor-led boutique classes to its members anytime, anywhere.

Technology and infrastructure costs include payroll and related expenses for employees involved in the research and development of new and existing products and services, development, design, and maintenance of our stores, curation and display of products and services made available in our online stores, and infrastructure costs.

IBM's 2023 Annual Report reserves pages 44 through 121 for Financial Statements and Supplementary Data.

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.

•Merchandise cost, which includes freight, decreased 255 basis points resulting primarily from higher initial mark-on, partially offset by higher freight costs and increased sales of lower margin consumable merchandise on the Family Dollar segment.

CARB enforces mandates requiring increasing percentages of Zero-Emission Vehicles (ZEVs) to be sold. Non-compliance with these mandates results in monetary penalties.

The year-over-year decrease of $19.9 billion in net income/(loss) in 2022 includes the effect of special items, including the mark-to-market net loss on our Rivian investment and the impairment on our Argo investment.


Question: What inherent limitations of internal control over financial reporting are noted?

The document admits that internal control over financial reporting has inherent limitations which may prevent it from detecting or preventing misstatements.

Forward-looking statements may appear throughout this report, including the following sections: “Business” (Part I, Item 1 of this Form 10-K), “Risk Factors” (Part I, Item 1A of this Form 10-K), and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” (Part II, Item 7 of this Form 10-K).

Since deferred taxes measure the future tax effects of items recognized in the Consolidated Financial Statements, certain estimates and assumptions are required to determine whether it is more likely than not that all or some portion of the benefit of a deferred tax asset will not be realized. In making this assessment, future taxable income, reversing temporary differences, and available tax planning strategies are analyzed and estimated.

Total company-operated stores | 711 | | 655

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

The total payments volume growth rate for Visa Inc. changed by 9% between 2021 and 2022.

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.

Our purpose is to unite caring with discovery to create medicines that make life better for people around the world.


Question: What type of contracts does the company use to mitigate the fluctuation risks in energy prices, particularly electricity and natural gas?

The Company is exposed to fluctuations in prices for energy, particularly electricity and natural gas, and other commodity products used in retail and manufacturing operations, which it seeks to partially mitigate through the use of fixed-price contracts for certain of its warehouses and other facilities, primarily in the U.S. and Canada.

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.

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

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

In 2023, the net interest revenue was $9,427 million.

Insurance/Self-insurance Liabilities Claims for employee health-care benefits, workers’ compensation, general liability, property damage, directors’ and officers’ liability, vehicle liability, inventory loss, and other exposures are funded predominantly through self-insurance. Insurance coverage is maintained for certain risks to seek to limit exposures arising from very large losses. We use various risk management mechanisms, including a  wholly-owned captive insurance subsidiary, and participate in a reinsurance program.

The Corporate loss before interest and taxes primarily consists of unallocated general and administrative expenses, including expenses associated with centrally managed departments; depreciation and amortization related to our corporate headquarters; unallocated insurance, benefit and compensation programs, including stock-based compensation; and certain foreign currency gains and losses.


Question: What was the percentage decrease in the automotive gross margin from 2022 to 2023?

Gross margin for total automotive decreased from 28.5% to 19.4% in the year ended December 31, 2023 as compared to the year ended December 31, 2022.

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.

Asset management and administration fees vary with changes in the balances of client assets due to market fluctuations and client activity.

The company executed common shares repurchases worth $1.6 billion, $2.1 billion, and $79 million in 2023, 2022, and 2021, respectively, under share repurchase plans authorized by the Board of Directors in connection with employee stock plans.

The Home Depot Foundation focuses on improving the homes and lives of U.S. veterans, assisting communities affected by natural disasters, and training skilled tradespeople to fill the labor gap.

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.

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

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


Question: How much did admissions contribute to the total revenue in 2023?

In 2023, admissions contributed $2,690.5 million to the total revenue.

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.

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

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.

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.

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.

The Firmwide Capital Committee, co-chaired by the head of Credit Risk and a co-head of the Global Financing Group, provides approval and oversight of debt-related transactions, including principal commitments of our capital, aiming to ensure that business, reputational, and suitability standards for underwritings and capital commitments are maintained on a global basis.

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.


Question: What is AmBisome used for?

AmBisome (amphotericin B liposome for injection) is a proprietary liposomal formulation of amphotericin B, an antifungal agent, for the treatment of serious invasive fungal infections caused by various fungal species in adults.

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

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.

A paid membership (also referred to as a paid subscription) is defined as a membership that has the right to receive service following sign-up and a method of payment being provided, and that is not part of a free trial or certain other promotions.

We are subject to income taxes and various other taxes in the U.S. and in many foreign jurisdictions; therefore, changes in both domestic and international tax laws or regulations have affected and may affect our effective tax rate, results of operations, and cash flows.

According to the credit exposure figures, loans held for securitization amounted to $7.65 billion in December 2023, down from December 2022's amount of $8.07 billion.

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.


Question: What was the impact of local currency fluctuations against the U.S. dollar on revenue in 2023?

Local currency fluctuations against the U.S. dollar negatively impacted revenue by $31.8 million, or 15%, in 2023, primarily from Argentina.

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.

Asset management and administration fees vary with changes in the balances of client assets due to market fluctuations and client activity.

The Macao government announced gross gaming revenue increased approximately 333.8% and decreased approximately 37.4%, during the year ended December 31, 2023, as compared to 2022 and 2019, respectively.

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

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.

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

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


Question: What was the decrease in pre-tax earnings due to the $1.0 billion in IBNR liabilities?

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.

Starting in fiscal year 2024, Electronic Arts is transitioning its global football franchise to a new brand, EA SPORTS FC, with a vision to create the largest football club in the world and to connect more fans globally through innovative approaches.

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).

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.

Fiscal 2023 total gross profit margin of 35.1% represents an increase of 1.7 percentage points as compared to the respective prior year period.

As of the end of 2023, Amazon's workforce comprised about 1,525,000 full-time and part-time employees.

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.

We serve our guests via our e-commerce websites, other country and region-specific websites, digital marketplaces, and mobile apps. E-commerce net revenue includes our buy online pick-up in store, back-back room, and ship from store omni-channel retailing capabilities.


Question: What was the total revenue of Alphabet Inc. in 2023?

Revenues were $307.4 billion, an increase of 9% year over year.

In Item 8, one can find detailed information on Financial Statements and Supplementary Data.

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

Ms. Reynolds has served as Vice President, Worldwide Controller, and Principal Accounting Officer since April 2007.

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.

If hotel owners do not participate in the company's insurance programs, they must purchase insurance programs that are consistent with the company's requirements.

Broadband revenues increased in 2023 by 8.1% driven by an increase in fiber customers and higher average revenue per user, partially offset by declines in copper-based broadband services.


Question: What were the Company's total net sales and net income during 2023?

Fiscal Year Highlights The Company’s total net sales were $383.3 billion and net income was $97.0 billion during 2023. The Company’s total net sales decreased 3% or $11.0 billion during 2023 compared to 2022. The weakness in foreign currencies relative to the U.S. dollar accounted for more than the entire year-over-year decrease in total net sales, which consisted primarily of lower net sales of Mac and iPhone, partially offset by higher net sales of Services.

On March 15, 2022, the European Commission and the U.K. Competition and Markets Authority conducted unannounced inspections at the premises of, and sent formal requests for information to, several companies and associations active in the automotive sector.

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.

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.

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

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.

The operating segments include ALLDATA, which produces, sells and maintains diagnostic, repair, collision and shop management software used in the automotive repair industry.

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


Question: How could the outcome of these legal matters affect the company's overall performance?

Furthermore, the outcome of these matters could materially adversely affect our business, results of operations, and financial condition.

We are subject to various U.S. federal and state laws pertaining to health care 'fraud and abuse,' including anti-kickback laws and false claim laws.

By calendar 2025, FedEx plans for 50% of FedEx Express global pickup-and-delivery vehicle purchases to be electric, rising to 100% of all purchases by calendar 2030.

As indicated in the accompanying Management’s Annual Report on Internal Control over Financial Reporting, management’s assessment of and conclusion on the effectiveness of internal control over financial reporting did not include the internal controls of the acquisition of certain assets that provide additional manufacturing capacity from Weaver Popcorn Manufacturing, Inc. on May 31, 2023, which is included in the 2023 consolidated financial statements of the Company and constituted 1.4% of total assets as of December 31, 2023.

Changes in the discount rate, like an increase, can lead to recognizing an impairment of an intangible asset in spite of achieving forecasted or greater cash flows.

As of December 31, 2023, we had a combined total of approximately 32 million member households enrolled in A-List, Premiere, and Insider programs.

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.

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.


Question: How does the company plan to achieve its emissions goals in the long term?

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.

In Item 3 of a Form 10-K, information regarding legal proceedings is derived by reference from Note 16 in the Notes to the Consolidated Financial Statements.

IBM's 2023 Annual Report reserves pages 44 through 121 for Financial Statements and Supplementary Data.

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.

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.

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

Amazon Prime, a membership program, offers fast, free shipping on tens of millions of items, access to award-winning movies and series, and other benefits.

If hotel owners do not participate in the company's insurance programs, they must purchase insurance programs that are consistent with the company's requirements.


Question: What are Etsy's main operating marketplaces as of 2023?

Our primary marketplace, Etsy.com, and we own other marketplaces including Reverb and Depop. Reverb is a musical instrument marketplace, and Depop is a fashion resale marketplace.

The lawsuit alleges that CS&Co violated their duty to seek best execution in their routing of orders to UBS Securities LLC from July 13, 2011, to December 31, 2014.

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

OPM regulations require that community-rated FEHB plans meet a FEHB program-specific minimum MLR by plan code and market. Managing to these rules is complicated by the simultaneous application of the minimum MLR standards and associated premium rebate requirements of the ACA.

The Corporate loss before interest and taxes primarily consists of unallocated general and administrative expenses, including expenses associated with centrally managed departments; depreciation and amortization related to our corporate headquarters; unallocated insurance, benefit and compensation programs, including stock-based compensation; and certain foreign currency gains and losses.

The Be Human pillar of our Impact Agenda sets out our focus areas with respect to human capital, including: •Inclusion, Diversity, Equity, and Action (“IDEA”); •Employee empowerment; and •Fair labor practices and the well-being of the people who make our products.

Mr. Olsavsky has served as Senior Vice President and Chief Financial Officer since June 2015.

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 is the estimated redemption rate for Chipotle gift cards?

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.

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

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.

Revenue grew by 7.1% in 2023 compared to 2022.

The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles as well as sales of automotive regulatory credits. Additionally, the automotive segment also includes services and other, which includes sales of used vehicles, non-warranty after-sales vehicle servicens, body shop and parts, paid Supercharging, vehicle insurance revenue and retail merchandise.

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.

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

In 2023, Comcast restructured the presentation of its operating results around two primary business segments: Connectivity & Platforms and Content & Experiences. Connectivity & Platforms comprises two sub-segments, Residential Connectivity & Platforms and Business Services Connectivity, and Content & Experiences includes Media, Studios, and Theme Parks.


Question: What is The Home Depot's strategic intent regarding its delivery services?

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.

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".

We believe that Free Cash Flow is a meaningful indicator of liquidity that provides information to our management and investors about the amount of cash generated from operations, after purchases of property and equipment, that can be used for strategic initiatives, including continuous investment in our business, growth through acquisitions, and strengthening our balance sheet.

Refinery segment operating revenue decreased by 29% in 2023 compared to 2022.

Asset management and administration fees vary with changes in the balances of client assets due to market fluctuations and client activity.

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).

The Company is exposed to fluctuations in prices for energy, particularly electricity and natural gas, and other commodity products used in retail and manufacturing operations, which it seeks to partially mitigate through the use of fixed-price contracts for certain of its warehouses and other facilities, primarily in the U.S. and Canada.

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


Question: What is required of hotel owners if they do not participate in the company's insurance programs?

If hotel owners do not participate in the company's insurance programs, they must purchase insurance programs that are consistent with the company's requirements.

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.

The complaint alleges that certain Amazon Prime Video features and services infringe several U.S. Patent Nos. related to video-on-demand systems and dynamic adjustment of electronic program guides.

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 committed revolving credit facility provides us with available borrowings in an amount up to $400.0 million.

Deferred tax assets represent amounts available to reduce income taxes payable on taxable income in future years. Such assets arise because of temporary differences between the financial reporting and tax bases of assets and liabilities, as well as from net operating loss and tax credit carryforwards.

During 2022 and 2023, our operating margin was impacted by increased wage rates. During 2022, our gross margin was impacted by higher air freight costs as a result of global supply chain disruption.

Berkshire Hathaway Inc. ("Berkshire," "Company" or "Registrant") is a holding company owning subsidiaries engaged in numerous diverse business activities. The most important of these are insurance businesses conducted on both a primary basis and a reinsurance basis, a freight rail transportation business and a group of utility and energy generation and distribution businesses.


Question: What does the company routinely face in the ordinary course of its business?

We are involved in litigation from time to time in the ordinary course of business.

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).

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

Hilton Honors is Hilton's guest loyalty program, designed to generate significant repeat business by rewarding guests with points for each stay at Hilton properties. These points are redeemable for free or discounted room nights and other goods and services.

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

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.

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.

See Note 14 to the consolidated financial statements in Item 8 of this Annual Report for a description of legal proceedings.


Question: What are the primary offerings included in the ICE Mortgage Technology's servicing software?

Servicing software revenues include integrated mortgage servicing solutions, which help automate all areas of the servicing process, from loan boarding to final payment or default. Our servicing solutions support first lien mortgages, home equity loans and lines of credit on a single platform to manage all servicing processes.

Gross margin for total automotive decreased from 28.5% to 19.4% in the year ended December 31, 2023 as compared to the year ended December 31, 2022.

Exposures are aggregated, monitored, and actively managed by our Global Credit Committee, comprising senior executives, including our Chief Financial Officer, our Chief Risk ejectedf Officer, our Chief Investment Officer, and our Treasurer.

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

The description of legal proceedings in Item 3 of the report is not direct but instead provided by reference to the "Contingencies" section in Note 15 of the consolidated financial statements.

CARB enforces mandates requiring increasing percentages of Zero-Emission Vehicles (ZEVs) to be sold. Non-compliance with these mandates results in monetary penalties.

The PowerUp Rewards membership totals include 5.6 million paying pro members.

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.


Question: Who prepared the report on the Consolidated Financial Statements mentioned in Item 8?

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).

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.

Senior Floating Rate Notes due 2020 matured on April 17, 2020. The 4.00% Senior Notes due 2025 mature on May 15, 2025, and the 4.20% Senior Notes due 2028 mature on May 15, 2028, as per the offerings made on April 19, 2018.

Insurance segment premiums revenue increased $13.6 billion, or 15.5%, from $87.7 billion in the 2022 period to $101.3 billion in the 2023 period.

A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.

We expect organic service revenue growth in 2024 to benefit from our new and existing digital offerings and ALM, as well as our traditional services.

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.

For 2023, Delta Air Lines rewarded its employees with $1.4 billion in profit sharing payments.