| _id | dd4b973b2 |
| title |  |
| text | stock price performance the following graph shows a comparison of the cumulative total return on our common stock , the standard & poor 2019s 500 index and the standard & poor 2019s retail index .
the graph assumes that the value of an investment in our common stock and in each such index was $ 100 on january 3 , 2009 , and that any dividends have been reinvested .

the comparison in the graph below is based solely on historical data and is not intended to forecast the possible future performance of our common stock .
comparison of cumulative total return among advance auto parts , inc. , s&p 500 index and s&p retail index company/index january 3 , january 2 , january 1 , december 31 , december 29 , december 28 .

 |
| table | company/index      | january 3 2009 | january 2 2010 | january 1 2011 | december 31 2011 | december 29 2012 | december 28 2013
------------------ | -------------- | -------------- | -------------- | ---------------- | ---------------- | ----------------
advance auto parts | $ 100.00       | $ 119.28       | $ 195.80       | $ 206.86         | $ 213.14         | $ 327.63
s&p 500 index      | 100.00         | 119.67         | 134.97         | 134.96           | 150.51           | 197.62
s&p retail index   | 100.00         | 141.28         | 174.70         | 179.79           | 219.77           | 321.02 |


| _id | dd4bc8ebc |
| title |  |
| text | stock performance graph the following graph provides a comparison of five year cumulative total stockholder returns of teleflex common stock , the standard & poor 2019s ( s&p ) 500 stock index and the s&p 500 healthcare equipment & supply index .
the annual changes for the five-year period shown on the graph are based on the assumption that $ 100 had been invested in teleflex common stock and each index on december 31 , 2010 and that all dividends were reinvested .
market performance .

s&p 500 healthcare equipment & supply index 100 99 116 148 187 199

 |
| table | company / index                             | 2010 | 2011 | 2012 | 2013 | 2014 | 2015
------------------------------------------- | ---- | ---- | ---- | ---- | ---- | ----
teleflex incorporated                       | 100  | 117  | 138  | 185  | 229  | 266
s&p 500 index                               | 100  | 102  | 118  | 157  | 178  | 181
s&p 500 healthcare equipment & supply index | 100  | 99   | 116  | 148  | 187  | 199 |


| _id | dd4c34c0c |
| title |  |
| text | uncertain tax positions the following is a reconciliation of the company's beginning and ending amount of uncertain tax positions ( in millions ) : .

the company's liability for uncertain tax positions as of december 31 , 2015 , 2014 , and 2013 , includes $ 180 million , $ 154 million , and $ 141 million , respectively , related to amounts that would impact the effective tax rate if recognized .
it is possible that the amount of unrecognized tax benefits may change in the next twelve months ; however , we do not expect the change to have a significant impact on our consolidated statements of income or consolidated balance sheets .

these changes may be the result of settlements of ongoing audits .
at this time , an estimate of the range of the reasonably possible outcomes within the twelve months cannot be made .
the company recognizes interest and penalties related to uncertain tax positions in its provision for income taxes .
the company accrued potential interest and penalties of $ 2 million , $ 4 million , and $ 2 million in 2015 , 2014 , and 2013 , respectively .

the company recorded a liability for interest and penalties of $ 33 million , $ 31 million , and $ 27 million as of december 31 , 2015 , 2014 , and 2013 , respectively .
the company and its subsidiaries file income tax returns in their respective jurisdictions .
the company has substantially concluded all u.s .
federal income tax matters for years through 2007 .
material u.s .
state and local income tax jurisdiction examinations have been concluded for years through 2005 .

the company has concluded income tax examinations in its primary non-u.s .
jurisdictions through 2005 .
9 .
shareholders' equity distributable reserves as a u.k .
incorporated company , the company is required under u.k .
law to have available "distributable reserves" to make share repurchases or pay dividends to shareholders .
distributable reserves may be created through the earnings of the u.k .

parent company and , amongst other methods , through a reduction in share capital approved by the english companies court .
distributable reserves are not linked to a u.s .
gaap reported amount ( e.g. , retained earnings ) .
as of december 31 , 2015 and 2014 , the company had distributable reserves in excess of $ 2.1 billion and $ 4.0 billion , respectively .

ordinary shares in april 2012 , the company's board of directors authorized a share repurchase program under which up to $ 5.0 billion of class a ordinary shares may be repurchased ( "2012 share repurchase program" ) .
in november 2014 , the company's board of directors authorized a new $ 5.0 billion share repurchase program in addition to the existing program ( "2014 share repurchase program" and , together , the "repurchase programs" ) .

under each program , shares may be repurchased through the open market or in privately negotiated transactions , based on prevailing market conditions , funded from available capital .
during 2015 , the company repurchased 16.0 million shares at an average price per share of $ 97.04 for a total cost of $ 1.6 billion under the repurchase programs .

during 2014 , the company repurchased 25.8 million shares at an average price per share of $ 87.18 for a total cost of $ 2.3 billion under the 2012 share repurchase plan .
in august 2015 , the $ 5 billion of class a ordinary shares authorized under the 2012 share repurchase program was exhausted .
at december 31 , 2015 , the remaining authorized amount for share repurchase under the 2014 share repurchase program is $ 4.1 billion .

under the repurchase programs , the company repurchased a total of 78.1 million shares for an aggregate cost of $ 5.9 billion.

 |
| table | | 2015       | 2014
------------------------------------------------------------ | ---------- | ----------
balance at january 1                                         | $ 191      | $ 164
additions based on tax positions related to the current year | 31         | 31
additions for tax positions of prior years                   | 53         | 10
reductions for tax positions of prior years                  | -18 ( 18 ) | -6 ( 6 )
settlements                                                  | -32 ( 32 ) | 2014
business combinations                                        | 2014       | 5
lapse of statute of limitations                              | -5 ( 5 )   | -11 ( 11 )
foreign currency translation                                 | -2 ( 2 )   | -2 ( 2 )
balance at december 31                                       | $ 218      | $ 191 |


| _id | dd4ba0eee |
| title |  |
| text | determined that it will primarily be subject to the ietu in future periods , and as such it has recorded tax expense of approximately $ 20 million in 2007 for the deferred tax effects of the new ietu system .
as of december 31 , 2007 , the company had us federal net operating loss carryforwards of approximately $ 206 million which will begin to expire in 2023 .
of this amount , $ 47 million relates to the pre-acquisition period and is subject to limitation .

the remaining $ 159 million is subject to limitation as a result of the change in stock ownership in may 2006 .
this limitation is not expected to have a material impact on utilization of the net operating loss carryforwards .
the company also had foreign net operating loss carryforwards as of december 31 , 2007 of approximately $ 564 million for canada , germany , mexico and other foreign jurisdictions with various expiration dates .

net operating losses in canada have various carryforward periods and began expiring in 2007 .
net operating losses in germany have no expiration date .
net operating losses in mexico have a ten year carryforward period and begin to expire in 2009 .
however , these losses are not available for use under the new ietu tax regulations in mexico .

as the ietu is the primary system upon which the company will be subject to tax in future periods , no deferred tax asset has been reflected in the balance sheet as of december 31 , 2007 for these income tax loss carryforwards .
the company adopted the provisions of fin 48 effective january 1 , 2007 .
fin 48 clarifies the accounting for income taxes by prescribing a minimum recognition threshold a tax benefit is required to meet before being recognized in the financial statements .

fin 48 also provides guidance on derecognition , measurement , classification , interest and penalties , accounting in interim periods , disclosure and transition .
as a result of the implementation of fin 48 , the company increased retained earnings by $ 14 million and decreased goodwill by $ 2 million .
in addition , certain tax liabilities for unrecognized tax benefits , as well as related potential penalties and interest , were reclassified from current liabilities to long-term liabilities .

liabilities for unrecognized tax benefits as of december 31 , 2007 relate to various us and foreign jurisdictions .
a reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows : year ended december 31 , 2007 ( in $ millions ) .

included in the unrecognized tax benefits of $ 200 million as of december 31 , 2007 is $ 56 million of tax benefits that , if recognized , would reduce the company 2019s effective tax rate .
the company recognizes interest and penalties related to unrecognized tax benefits in the provision for income taxes .
as of december 31 , 2007 , the company has recorded a liability of approximately $ 36 million for interest and penalties .

this amount includes an increase of approximately $ 13 million for the year ended december 31 , 2007 .
the company operates in the united states ( including multiple state jurisdictions ) , germany and approximately 40 other foreign jurisdictions including canada , china , france , mexico and singapore .
examinations are ongoing in a number of those jurisdictions including , most significantly , in germany for the years 2001 to 2004 .

during the quarter ended march 31 , 2007 , the company received final assessments in germany for the prior examination period , 1997 to 2000 .
the effective settlement of those examinations resulted in a reduction to goodwill of approximately $ 42 million with a net expected cash outlay of $ 29 million .

the company 2019s celanese corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) %%transmsg*** transmitting job : y48011 pcn : 122000000 ***%%pcmsg|f-49 |00023|yes|no|02/26/2008 22:07|0|0|page is valid , no graphics -- color : d|

 |
| table | | year ended december 31 2007 ( in $ millions )
----------------------------------------------- | ---------------------------------------------
balance as of january 1 2007                    | 193
increases in tax positions for the current year | 2
increases in tax positions for prior years      | 28
decreases in tax positions of prior years       | -21 ( 21 )
settlements                                     | -2 ( 2 )
balance as of december 31 2007                  | 200 |


| _id | dd4c60c58 |
| title |  |
| text | intangible asset amortization expense amounted to $ 12 million , $ 4 million and $ 4 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively .
estimated amortization expense for the next five years subsequent to december 31 , 2018 is as follows: .

note 9 : shareholders 2019 equity common stock under the dividend reinvestment and direct stock purchase plan ( the 201cdrip 201d ) , shareholders may reinvest cash dividends and purchase additional company common stock , up to certain limits , through the plan administrator without commission fees .

shares purchased by participants through the drip may be newly issued shares , treasury shares , or at the company 2019s election , shares purchased by the plan administrator in the open market or in privately negotiated transactions .
purchases generally will be made and credited to drip accounts once each week .
as of december 31 , 2018 , there were approximately 4.2 million shares available for future issuance under the drip .

anti-dilutive stock repurchase program in february 2015 , the company 2019s board of directors authorized an anti-dilutive stock repurchase program , which allowed the company to purchase up to 10 million shares of its outstanding common stock over an unrestricted period of time .

the company repurchased 0.6 million shares and 0.7 million shares of common stock in the open market at an aggregate cost of $ 45 million and $ 54 million under this program for the years ended december 31 , 2018 and 2017 , respectively .
as of december 31 , 2018 , there were 5.5 million shares of common stock available for purchase under the program.

 |
| table | | amount
---- | ------
2019 | $ 15
2020 | 13
2021 | 11
2022 | 10
2023 | 7 |


| _id | dd4bd2cd2 |
| title |  |
| text | american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) basis step-up from corporate restructuring represents the tax effects of increasing the basis for tax purposes of certain of the company 2019s assets in conjunction with its spin-off from american radio systems corporation , its former parent company .

at december 31 , 2006 , the company had net federal and state operating loss carryforwards available to reduce future taxable income of approximately $ 2.1 billion and $ 2.5 billion , respectively .
if not utilized , the company 2019s net operating loss carryforwards expire as follows ( in thousands ) : .

sfas no .
109 , 201caccounting for income taxes , 201d requires that companies record a valuation allowance when it is 201cmore likely than not that some portion or all of the deferred tax assets will not be realized . 201d at december 31 , 2006 , the company has provided a valuation allowance of approximately $ 308.2 million , including approximately $ 153.6 million attributable to spectrasite , primarily related to net operating loss and capital loss carryforwards assumed as of the acquisition date .

the balance of the valuation allowance primarily relates to net state deferred tax assets .
the company has not provided a valuation allowance for the remaining deferred tax assets , primarily its federal net operating loss carryforwards , as management believes the company will have sufficient time to realize these federal net operating loss carryforwards during the twenty-year tax carryforward period .

valuation allowances may be reversed if related deferred tax assets are deemed realizable based on changes in facts and circumstances relevant to the assets 2019 recoverability .
approximately $ 148.3 million of the spectrasite valuation allowances as of december 31 , 2006 will be recorded as a reduction to goodwill if the underlying deferred tax assets are utilized .

the company intends to recover a portion of its deferred tax asset through its federal income tax refund claims related to the carry back of certain federal net operating losses .
in june 2003 and october 2003 , the company filed federal income tax refund claims with the irs relating to the carry back of $ 380.0 million of net operating losses generated prior to 2003 , of which the company initially anticipated receiving approximately $ 90.0 million .

based on preliminary discussions with tax authorities , the company revised its estimate of the net realizable value of the federal income tax refund claims during the year ended december 31 , 2005 , and anticipates receiving a refund of approximately $ 65.0 million , plus interest .
the company expects settlement of this matter in the first half of 2007 , however , there can be no assurances with respect to the timing of any refund .

because of the uncertainty associated with the claim , the company has not recognized any amounts related to interest .
the recoverability of the company 2019s remaining net deferred tax asset has been assessed utilizing stable state ( no growth ) projections based on its current operations .

the projections show a significant decrease in depreciation in the later years of the carryforward period as a result of a significant portion of its assets being fully depreciated during the first fifteen years of the carryforward period .
accordingly , the recoverability of the net deferred tax asset is not dependent on material improvements to operations , material asset sales or other non-routine transactions .

based on its current outlook of future taxable income during the carryforward period , management believes that the net deferred tax asset will be realized .
the realization of the company 2019s deferred tax assets as of december 31 , 2006 will be dependent upon its ability to generate approximately $ 1.4 billion in taxable income from january 1 , 2007 to december 31 , 2026 .
if the company is unable to generate sufficient taxable income in the future , or carry back losses , as described above , it

 |
| table | years ended december 31, | federal   | state
------------------------ | --------- | ---------
2007 to 2011             |           | $ 438967
2012 to 2016             |           | 478502
2017 to 2021             | $ 617039  | 1001789
2022 to 2026             | 1476644   | 629354
total                    | $ 2093683 | $ 2548612 |


| _id | dd4b87e12 |
| title |  |
| text | table of contents adobe inc .
notes to consolidated financial statements ( continued ) goodwill , purchased intangibles and other long-lived assets goodwill is assigned to one or more reporting segments on the date of acquisition .

we review our goodwill for impairment annually during our second quarter of each fiscal year and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of any one of our reporting units below its respective carrying amount .

in performing our goodwill impairment test , we first perform a qualitative assessment , which requires that we consider events or circumstances including macroeconomic conditions , industry and market considerations , cost factors , overall financial performance , changes in management or key personnel , changes in strategy , changes in customers , changes in the composition or carrying amount of a reporting segment 2019s net assets and changes in our stock price .

if , after assessing the totality of events or circumstances , we determine that it is more likely than not that the fair values of our reporting segments are greater than the carrying amounts , then the quantitative goodwill impairment test is not performed .

if the qualitative assessment indicates that the quantitative analysis should be performed , we then evaluate goodwill for impairment by comparing the fair value of each of our reporting segments to its carrying value , including the associated goodwill .
to determine the fair values , we use the equal weighting of the market approach based on comparable publicly traded companies in similar lines of businesses and the income approach based on estimated discounted future cash flows .

our cash flow assumptions consider historical and forecasted revenue , operating costs and other relevant factors .
we completed our annual goodwill impairment test in the second quarter of fiscal 2018 .
we determined , after performing a qualitative review of each reporting segment , that it is more likely than not that the fair value of each of our reporting segments substantially exceeds the respective carrying amounts .

accordingly , there was no indication of impairment and the quantitative goodwill impairment test was not performed .
we did not identify any events or changes in circumstances since the performance of our annual goodwill impairment test that would require us to perform another goodwill impairment test during the fiscal year .
we amortize intangible assets with finite lives over their estimated useful lives and review them for impairment whenever an impairment indicator exists .

we continually monitor events and changes in circumstances that could indicate carrying amounts of our long-lived assets , including our intangible assets may not be recoverable .
when such events or changes in circumstances occur , we assess recoverability by determining whether the carrying value of such assets will be recovered through the undiscounted expected future cash flows .

if the future undiscounted cash flows are less than the carrying amount of these assets , we recognize an impairment loss based on any excess of the carrying amount over the fair value of the assets .
we did not recognize any intangible asset impairment charges in fiscal 2018 , 2017 or 2016 .
during fiscal 2018 , our intangible assets were amortized over their estimated useful lives ranging from 1 to 14 years .

amortization is based on the pattern in which the economic benefits of the intangible asset will be consumed or on a straight-line basis when the consumption pattern is not apparent .
the weighted average useful lives of our intangible assets were as follows : weighted average useful life ( years ) .

income taxes we use the asset and liability method of accounting for income taxes .
under this method , income tax expense is recognized for the amount of taxes payable or refundable for the current year .
in addition , deferred tax assets and liabilities are recognized for expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities , and for operating losses and tax credit carryforwards .

we record a valuation allowance to reduce deferred tax assets to an amount for which realization is more likely than not.

 |
| table | | weighted averageuseful life ( years )
------------------------------------ | -------------------------------------
purchased technology                 | 6
customer contracts and relationships | 9
trademarks                           | 9
acquired rights to use technology    | 10
backlog                              | 2
other intangibles                    | 4 |


| _id | dd4c34acc |
| title |  |
| text | 2322 t .
r o w e p r i c e g r o u p a n n u a l r e p o r t 2 0 1 1 c o n t r a c t u a l o b l i g at i o n s the following table presents a summary of our future obligations ( in a0millions ) under the terms of existing operating leases and other contractual cash purchase commitments at december 31 , 2011 .

other purchase commitments include contractual amounts that will be due for the purchase of goods or services to be used in our operations and may be cancelable at earlier times than those indicated , under certain conditions that may involve termination fees .
because these obligations are generally of a normal recurring nature , we expect that we will fund them from future cash flows from operations .

the information presented does not include operating expenses or capital expenditures that will be committed in the normal course of operations in 2012 and future years .
the information also excludes the $ 4.7 a0million of uncertain tax positions discussed in note 9 to our consolidated financial statements because it is not possible to estimate the time period in which a payment might be made to the tax authorities. .

we also have outstanding commitments to fund additional contributions to investment partnerships in which we have an existing investment totaling $ 42.5 a0million at december 31 , 2011 .
c r i t i c a l a c c o u n t i n g p o l i c i e s the preparation of financial statements often requires the selection of specific accounting methods and policies from among several acceptable alternatives .

further , significant estimates and judgments may be required in selecting and applying those methods and policies in the recognition of the assets and liabilities in our balance sheet , the revenues and expenses in our statement of income , and the information that is contained in our significant accounting policies and notes to consolidated financial statements .

making these estimates and judgments requires the analysis of information concerning events that may not yet be complete and of facts and circumstances that may change over time .
accordingly , actual amounts or future results can differ materially from those estimates that we include currently in our consolidated financial statements , significant accounting policies , and notes .

we present those significant accounting policies used in the preparation of our consolidated financial statements as an integral part of those statements within this 2011 annual report .
in the following discussion , we highlight and explain further certain of those policies that are most critical to the preparation and understanding of our financial statements .
other than temporary impairments of available-for-sale securities .

we generally classify our investment holdings in sponsored mutual funds and the debt securities held for investment by our savings bank subsidiary as available-for-sale .
at the end of each quarter , we mark the carrying amount of each investment holding to fair value and recognize an unrealized gain or loss as a component of comprehensive income within the statement of stockholders 2019 equity .

we next review each individual security position that has an unrealized loss or impairment to determine if that impairment is other than temporary .
in determining whether a mutual fund holding is other than temporarily impaired , we consider many factors , including the duration of time it has existed , the severity of the impairment , any subsequent changes in value , and our intent and ability to hold the security for a period of time sufficient for an anticipated recovery in fair value .

subject to the other considerations noted above , with respect to duration of time , we believe a mutual fund holding with an unrealized loss that has persisted daily throughout the six months between quarter-ends is generally presumed to have an other than temporary impairment .
we may also recognize an other than temporary loss of less than six months in our statement of income if the particular circumstances of the underlying investment do not warrant our belief that a near-term recovery is possible .

an impaired debt security held by our savings bank subsidiary is considered to have an other than temporary loss that we will recognize in our statement of income if the impairment is caused by a change in credit quality that affects our ability to recover our amortized cost or if we intend to sell the security or believe that it is more likely than not that we will be required to sell the security before recovering cost .
minor impairments of 5% ( 5 % ) or less are generally considered temporary .

other than temporary impairments of equity method investments .
we evaluate our equity method investments , including our investment in uti , for impairment when events or changes in circumstances indicate that the carrying value of the investment exceeds its fair value , and the decline in fair value is other than temporary .
goodwill .
we internally conduct , manage and report our operations as one investment advisory business .

we do not have distinct operating segments or components that separately constitute a business .
accordingly , we attribute goodwill to a single reportable business segment and reporting unit 2014our investment advisory business .
we evaluate the carrying amount of goodwill in our balance sheet for possible impairment on an annual basis in the third quarter of each year using a fair value approach .

goodwill would be considered impaired whenever our historical carrying amount exceeds the fair value of our investment advisory business .
our annual testing has demonstrated that the fair value of our investment advisory business ( our market capitalization ) exceeds our carrying amount ( our stockholders 2019 equity ) and , therefore , no impairment exists .

should we reach a different conclusion in the future , additional work would be performed to ascertain the amount of the non-cash impairment charge to be recognized .
we must also perform impairment testing at other times if an event or circumstance occurs indicating that it is more likely than not that an impairment has been incurred .
the maximum future impairment of goodwill that we could incur is the amount recognized in our balance sheet , $ 665.7 a0million .
stock options .

stock options .
we recognize stock option-based compensation expense in our consolidated statement of income using a fair value based method .
fair value methods use a valuation model for shorter-term , market-traded financial instruments to theoretically value stock option grants even though they are not available for trading and are of longer duration .

the black- scholes option-pricing model that we use includes the input of certain variables that are dependent on future expectations , including the expected lives of our options from grant date to exercise date , the volatility of our underlying common shares in the market over that time period , and the rate of dividends that we will pay during that time .

our estimates of these variables are made for the purpose of using the valuation model to determine an expense for each reporting period and are not subsequently adjusted .
unlike most of our expenses , the resulting charge to earnings using a fair value based method is a non-cash charge that is never measured by , or adjusted based on , a cash outflow .
provision for income taxes .
after compensation and related costs , our provision for income taxes on our earnings is our largest annual expense .

we operate in numerous states and countries through our various subsidiaries , and must allocate our income , expenses , and earnings under the various laws and regulations of each of these taxing jurisdictions .
accordingly , our provision for income taxes represents our total estimate of the liability that we have incurred in doing business each year in all of our locations .
annually , we file tax returns that represent our filing positions with each jurisdiction and settle our return liabilities .

each jurisdiction has the right to audit those returns and may take different positions with respect to income and expense allocations and taxable earnings determinations .
from time to time , we may also provide for estimated liabilities associated with uncertain tax return filing positions that are subject to , or in the process of , being audited by various tax authorities .

because the determination of our annual provision is subject to judgments and estimates , it is likely that actual results will vary from those recognized in our financial statements .
as a result , we recognize additions to , or reductions of , income tax expense during a reporting period that pertain to prior period provisions as our estimated liabilities are revised and actual tax returns and tax audits are settled .

we recognize any such prior period adjustment in the discrete quarterly period in which it is determined .
n e w ly i s s u e d b u t n o t y e t a d o p t e d a c c o u n t i n g g u i d a n c e in may 2011 , the fasb issued amended guidance clarifying how to measure and disclose fair value .
we do not believe the adoption of such amended guidance on january 1 , 2012 , will have a significant effect on our consolidated financial statements .

we have also considered all other newly issued accounting guidance that is applicable to our operations and the preparation of our consolidated statements , including that which we have not yet adopted .
we do not believe that any such guidance will have a material effect on our financial position or results of operation.

 |
| table | | total | 2012  | 2013-14 | 2015-16 | later
------------------------------ | ----- | ----- | ------- | ------- | -----
noncancelable operating leases | $ 185 | $ 31  | $ 63    | $ 57    | $ 34
other purchase commitments     | 160   | 112   | 38      | 10      | -
total                          | $ 345 | $ 143 | $ 101   | $ 67    | $ 34 |


| _id | dd4bdc4da |
| title |  |
| text | fair value of financial instruments : the company 2019s financial instruments include cash and cash equivalents , marketable securities , accounts receivable , certain investments , accounts payable , borrowings , and derivative contracts .
the fair values of cash and cash equivalents , accounts receivable , accounts payable , and short-term borrowings and current portion of long-term debt approximated carrying values because of the short-term nature of these instruments .

available-for-sale marketable securities and investments , in addition to certain derivative instruments , are recorded at fair values as indicated in the preceding disclosures .
for its long-term debt the company utilized third-party quotes to estimate fair values ( classified as level 2 ) .
information with respect to the carrying amounts and estimated fair values of these financial instruments follow: .

the fair values reflected above consider the terms of the related debt absent the impacts of derivative/hedging activity .
the carrying amount of long-term debt referenced above is impacted by certain fixed-to-floating interest rate swaps that are designated as fair value hedges and by the designation of fixed rate eurobond securities issued by the company as hedging instruments of the company 2019s net investment in its european subsidiaries .

3m 2019s fixed-rate bonds were trading at a premium at december 31 , 2012 and 2011 due to the low interest rates and tightening of 3m 2019s credit spreads.

 |
| table | ( millions )                             | december 31 2012 carrying value | december 31 2012 fair value | december 31 2012 carrying value | fair value
---------------------------------------- | ------------------------------- | --------------------------- | ------------------------------- | ----------
long-term debt excluding current portion | $ 4916                          | $ 5363                      | $ 4484                          | $ 5002 |


| _id | dd4bfd414 |
| title |  |
| text | f0b7 free cash flow 2013 cash generated by operating activities totaled $ 6.2 billion , reduced by $ 3.6 billion for cash used in investing activities and a 37% ( 37 % ) increase in dividends paid , yielding free cash flow of $ 1.4 billion .
free cash flow is defined as cash provided by operating activities ( adjusted for the reclassification of our receivables securitization facility ) , less cash used in investing activities and dividends paid .

free cash flow is not considered a financial measure under accounting principles generally accepted in the u.s .
( gaap ) by sec regulation g and item 10 of sec regulation s-k and may not be defined and calculated by other companies in the same manner .
we believe free cash flow is important to management and investors in evaluating our financial performance and measures our ability to generate cash without additional external financings .

free cash flow should be considered in addition to , rather than as a substitute for , cash provided by operating activities .
the following table reconciles cash provided by operating activities ( gaap measure ) to free cash flow ( non-gaap measure ) : millions 2012 2011 2010 .

[a] effective january 1 , 2010 , a new accounting standard required us to account for receivables transferred under our receivables securitization facility as secured borrowings in our consolidated statements of financial position and as financing activities in our consolidated statements of cash flows .

the receivables securitization facility is included in our free cash flow calculation to adjust cash provided by operating activities as though our receivables securitization facility had been accounted for under the new accounting standard for all periods presented .
2013 outlook f0b7 safety 2013 operating a safe railroad benefits our employees , our customers , our shareholders , and the communities we serve .

we will continue using a multi-faceted approach to safety , utilizing technology , risk assessment , quality control , training and employee engagement , and targeted capital investments .
we will continue using and expanding the deployment of total safety culture throughout our operations , which allows us to identify and implement best practices for employee and operational safety .
derailment prevention and the reduction of grade crossing incidents are critical aspects of our safety programs .

we will continue our efforts to increase rail defect detection ; improve or close crossings ; and educate the public and law enforcement agencies about crossing safety through a combination of our own programs ( including risk assessment strategies ) , various industry programs and local community activities across our network .
f0b7 network operations 2013 we will continue focusing on our six critical initiatives to improve safety , service and productivity during 2013 .

we are seeing solid contributions from reducing variability , continuous improvements , and standard work .
resource agility allows us to respond quickly to changing market conditions and network disruptions from weather or other events .
the railroad continues to benefit from capital investments that allow us to build capacity for growth and harden our infrastructure to reduce failure .
f0b7 fuel prices 2013 uncertainty about the economy makes projections of fuel prices difficult .

we again could see volatile fuel prices during the year , as they are sensitive to global and u.s .
domestic demand , refining capacity , geopolitical events , weather conditions and other factors .
to reduce the impact of fuel price on earnings , we will continue seeking cost recovery from our customers through our fuel surcharge programs and expanding our fuel conservation efforts .

f0b7 capital plan 2013 in 2013 , we plan to make total capital investments of approximately $ 3.6 billion , including expenditures for positive train control ( ptc ) , which may be revised if business conditions warrant or if new laws or regulations affect our ability to generate sufficient returns on these investments .
( see further discussion in this item 7 under liquidity and capital resources 2013 capital plan. )

 |
| table | millions                                                                                | 2012           | 2011           | 2010
----------------------------------------------------------------------------------------- | -------------- | -------------- | --------------
cash provided by operating activities                                                     | $ 6161         | $ 5873         | $ 4105
receivables securitization facility [a]                                                   | -              | -              | 400
cash provided by operating activities adjusted for the receivables securitizationfacility | 6161           | 5873           | 4505
cash used in investing activities                                                         | -3633 ( 3633 ) | -3119 ( 3119 ) | -2488 ( 2488 )
dividends paid                                                                            | -1146 ( 1146 ) | -837 ( 837 )   | -602 ( 602 )
free cash flow                                                                            | $ 1382         | $ 1917         | $ 1415 |


| _id | dd4bfb628 |
| title |  |
| text | except for long-term debt , the carrying amounts of the company 2019s other financial instruments are measured at fair value or approximate fair value due to the short-term nature of these instruments .
asset retirement obligations 2014the company records all known asset retirement obligations within other current liabilities for which the liability 2019s fair value can be reasonably estimated , including certain asbestos removal , asset decommissioning and contractual lease restoration obligations .

the changes in the asset retirement obligation carrying amounts during 2011 , 2010 and 2009 were as follows : ( $ in millions ) retirement obligations .

the company also has known conditional asset retirement obligations related to assets currently in use , such as certain asbestos remediation and asset decommissioning activities to be performed in the future , that were not reasonably estimable as of december 31 , 2011 and 2010 , due to insufficient information about the timing and method of settlement of the obligation .
accordingly , the fair value of these obligations has not been recorded in the consolidated financial statements .

environmental remediation and/or asset decommissioning of the relevant facilities may be required when the company ceases to utilize these facilities .
in addition , there may be conditional environmental asset retirement obligations that the company has not yet discovered .

income taxes 2014income tax expense and other income tax related information contained in the financial statements for periods before the spin-off are presented as if the company filed its own tax returns on a stand-alone basis , while similar information for periods after the spin-off reflect the company 2019s positions to be filed in its own tax returns in the future .
income tax expense and other related information are based on the prevailing statutory rates for u.s .

federal income taxes and the composite state income tax rate for the company for each period presented .
state and local income and franchise tax provisions are allocable to contracts in process and , accordingly , are included in general and administrative expenses .
deferred income taxes are recorded when revenues and expenses are recognized in different periods for financial statement purposes than for tax return purposes .

deferred tax asset or liability account balances are calculated at the balance sheet date using current tax laws and rates in effect .
determinations of the expected realizability of deferred tax assets and the need for any valuation allowances against these deferred tax assets were evaluated based upon the stand-alone tax attributes of the company , and an $ 18 million valuation allowance was deemed necessary as of december 31 , 2011 .
no valuation allowance was deemed necessary as of december 31 , 2010 .

uncertain tax positions meeting the more-likely-than-not recognition threshold , based on the merits of the position , are recognized in the financial statements .
we recognize the amount of tax benefit that is greater than 50% ( 50 % ) likely to be realized upon ultimate settlement with the related tax authority .

if a tax position does not meet the minimum statutory threshold to avoid payment of penalties , we recognize an expense for the amount of the penalty in the period the tax position is claimed or expected to be claimed in our tax return .
penalties , if probable and reasonably estimable , are recognized as a component of income tax expense .
we also recognize accrued interest related to uncertain tax positions in income tax expense .

the timing and amount of accrued interest is determined by the applicable tax law associated with an underpayment of income taxes .
see note 12 : income taxes .
under existing gaap , changes in accruals associated with uncertainties are recorded in earnings in the period they are determined.

 |
| table | ( $ in millions )                                          | asset retirement obligations
---------------------------------------------------------- | ----------------------------
balance at january 1 2009                                  | $ 3
accretion expense                                          | 0
payment of asset retirement obligation                     | 0
balance at december 31 2009                                | 3
obligation relating to the future retirement of a facility | 17
accretion expense                                          | 0
payment of asset retirement obligation                     | 0
balance at december 31 2010                                | 20
obligation relating to the future retirement of a facility | 5
accretion expense                                          | 0
payment of asset retirement obligation                     | 0
balance at december 31 2011                                | $ 25 |


| _id | dd4b9aab2 |
| title |  |
| text | ( $ 66 million net-of-tax ) as a result of customer credits to be realized by electric customers of entergy louisiana , consistent with the terms of the stipulated settlement in the business combination proceeding .
see note 2 to the financial statements for further discussion of the business combination and customer credits .

results of operations for 2015 also include the sale in december 2015 of the 583 mw rhode island state energy center for a realized gain of $ 154 million ( $ 100 million net-of-tax ) on the sale and the $ 77 million ( $ 47 million net-of-tax ) write-off and regulatory charges to recognize that a portion of the assets associated with the waterford 3 replacement steam generator project is no longer probable of recovery .

see note 14 to the financial statements for further discussion of the rhode island state energy center sale .
see note 2 to the financial statements for further discussion of the waterford 3 replacement steam generator prudence review proceeding .
net revenue utility following is an analysis of the change in net revenue comparing 2016 to 2015 .
amount ( in millions ) .

the retail electric price variance is primarily due to : 2022 an increase in base rates at entergy arkansas , as approved by the apsc .
the new rates were effective february 24 , 2016 and began billing with the first billing cycle of april 2016 .
the increase included an interim base rate adjustment surcharge , effective with the first billing cycle of april 2016 , to recover the incremental revenue requirement for the period february 24 , 2016 through march 31 , 2016 .

a significant portion of the increase was related to the purchase of power block 2 of the union power station ; 2022 an increase in the purchased power and capacity acquisition cost recovery rider for entergy new orleans , as approved by the city council , effective with the first billing cycle of march 2016 , primarily related to the purchase of power block 1 of the union power station ; 2022 an increase in formula rate plan revenues for entergy louisiana , implemented with the first billing cycle of

, implemented with the first billing cycle of march 2016 , to collect the estimated first-year revenue requirement related to the purchase of power blocks 3 and 4 of the union power station ; and 2022 an increase in revenues at entergy mississippi , as approved by the mpsc , effective with the first billing cycle of july 2016 , and an increase in revenues collected through the storm damage rider .

see note 2 to the financial statements for further discussion of the rate proceedings .
see note 14 to the financial statements for discussion of the union power station purchase .
the louisiana business combination customer credits variance is due to a regulatory liability of $ 107 million recorded by entergy in october 2015 as a result of the entergy gulf states louisiana and entergy louisiana business combination .

consistent with the terms of the stipulated settlement in the business combination proceeding , electric customers of entergy louisiana will realize customer credits associated with the business combination ; accordingly , in october 2015 , entergy recorded a regulatory liability of $ 107 million ( $ 66 million net-of-tax ) .
these costs are being entergy corporation and subsidiaries management 2019s financial discussion and analysis

 |
| table | | amount ( in millions )
----------------------------------------------- | ----------------------
2015 net revenue                                | $ 5829
retail electric price                           | 289
louisiana business combination customer credits | 107
volume/weather                                  | 14
louisiana act 55 financing savings obligation   | -17 ( 17 )
other                                           | -43 ( 43 )
2016 net revenue                                | $ 6179 |


| _id | dd4c009b6 |
| title |  |
| text | shares of common stock issued , in treasury , and outstanding were ( in thousands of shares ) : .

note 13 .
financing arrangements we routinely enter into accounts receivable securitization and factoring programs .
we account for transfers of receivables pursuant to these programs as a sale and remove them from our consolidated balance sheet .
at december 31 , 2016 , our most significant program in place was the u.s .
securitization program , which was amended in may 2016 and originally entered into in october of 2015 .

under the program , we are entitled to receive cash consideration of up to $ 800 million ( which we elected to reduce to $ 500 million , effective february 21 , 2017 ) and a receivable for the remainder of the purchase price ( the 201cdeferred purchase price 201d ) .
this securitization program utilizes a bankruptcy- remote special-purpose entity ( 201cspe 201d ) .

the spe is wholly-owned by a subsidiary of kraft heinz and its sole business consists of the purchase or acceptance , through capital contributions of receivables and related assets , from a kraft heinz subsidiary and subsequent transfer of such receivables and related assets to a bank .

although the spe is included in our consolidated financial statements , it is a separate legal entity with separate creditors who will be entitled , upon its liquidation , to be satisfied out of the spe's assets prior to any assets or value in the spe becoming available to kraft heinz or its subsidiaries .
the assets of the spe are not available to pay creditors of kraft heinz or its subsidiaries .
this program expires in may 2017 .
in addition to the u.s .

in addition to the u.s .
securitization program , we have accounts receivable factoring programs denominated in australian dollars , new zealand dollars , british pound sterling , euros , and japanese yen .
under these programs , we generally receive cash consideration up to a certain limit and a receivable for the deferred purchase price .
there is no deferred purchase price associated with the japanese yen contract .

related to these programs , our aggregate cash consideration limit , after applying applicable hold-backs , was $ 245 million u.s .
dollars at december 31 , 2016 .
generally , each of these programs automatically renews annually until terminated by either party .
the cash consideration and carrying amount of receivables removed from the consolidated balance sheets in connection with the above programs were $ 904 million at december 31 , 2016 and $ 267 million at january 3 , 2016 .

the fair value of the deferred purchase price for the programs was $ 129 million at december 31 , 2016 and $ 583 million at january 3 , 2016 .
the deferred purchase price is included in sold receivables on the consolidated balance sheets and had a carrying value which approximated its fair value at december 31 , 2016 and january 3 , 2016 .
the proceeds from these sales are recognized on the consolidated statements of cash flows as a component of operating activities .

we act as servicer for these arrangements and have not recorded any servicing assets or liabilities for these arrangements as of december 31 , 2016 and january 3 , 2016 because they were not material to the financial statements.

 |
| table | | shares issued | treasury shares | shares outstanding
------------------------------------------------------------------ | ------------- | --------------- | ------------------
balance at december 29 2013                                        | 376832        | 2014            | 376832
exercise of stock options issuance of other stock awards and other | 178           | 2014            | 178
balance at december 28 2014                                        | 377010        | 2014            | 377010
exercise of warrants                                               | 20480         | 2014            | 20480
issuance of common stock to sponsors                               | 221666        | 2014            | 221666
acquisition of kraft foods group inc .                             | 592898        | 2014            | 592898
exercise of stock options issuance of other stock awards and other | 2338          | -413 ( 413 )    | 1925
balance at january 3 2016                                          | 1214392       | -413 ( 413 )    | 1213979
exercise of stock options issuance of other stock awards and other | 4555          | -2058 ( 2058 )  | 2497
balance at december 31 2016                                        | 1218947       | -2471 ( 2471 )  | 1216476 |


| _id | dd49869a6 |
| title |  |
| text | the following table sets forth information concerning increases in the total number of our aap stores during the past five years: .

( 1 ) does not include stores that opened as relocations of previously existing stores within the same general market area or substantial renovations of stores .
store technology .
our store-based information systems are comprised of a proprietary and integrated point of sale , electronic parts catalog , or epc , and store-level inventory management system ( collectively "store system" ) .

information maintained by our store system is used to formulate pricing , marketing and merchandising strategies and to replenish inventory accurately and rapidly .
our fully integrated system enables our store team members to assist our customers in their parts selection and ordering based on the year , make , model and engine type of their vehicles .

our store system provides real-time inventory tracking at the store level allowing store team members to check the quantity of on-hand inventory for any sku , adjust stock levels for select items for store specific events , automatically process returns and defective merchandise , designate skus for cycle counts and track merchandise transfers .

if a hard-to-find part or accessory is not available at one of our stores , the store system can determine whether the part is carried and in-stock through our hub or pdq ae networks or can be ordered directly from one of our vendors .
available parts and accessories are then ordered electronically from another store , hub , pdq ae or directly from the vendor with immediate confirmation of price , availability and estimated delivery time .

our centrally-based epc data management system enables us to reduce the time needed to ( i ) exchange data with our vendors and ( ii ) catalog and deliver updated , accurate parts information .
we also support our store operations with additional proprietary systems and customer driven labor scheduling capabilities .

all of these systems are tightly integrated and provide real-time , comprehensive information to store personnel , resulting in improved customer service levels , team member productivity and in-stock availability .
we plan to start rolling out a new and enhanced epc in fiscal 2013 which is expected to simplify and improve the customer experience .

among the improvements is a more efficient way to systematically identify add-on sales to ensure our customers have what they need to complete their automotive repair project .
store support center merchandising .
purchasing for virtually all of the merchandise for our stores is handled by our merchandise teams located in three primary locations : 2022 store support center in roanoke , virginia ; 2022 regional office in minneapolis , minnesota ; and 2022 global sourcing office in taipei , taiwan .

our roanoke team is primarily responsible for the parts categories and our minnesota team is primarily responsible for accessories , oil and chemicals .
our global sourcing team works closely with both teams .
in fiscal 2012 , we purchased merchandise from approximately 450 vendors , with no single vendor accounting for more than 9% ( 9 % ) of purchases .

our purchasing strategy involves negotiating agreements with most of our vendors to purchase merchandise over a specified period of time along with other terms , including pricing , payment terms and volume .
the merchandising team has developed strong vendor relationships in the industry and , in a collaborative effort with our vendor partners , utilizes a category management process where we manage the mix of our product offerings to meet customer demand .

we believe this process , which develops a customer-focused business plan for each merchandise category , and our global sourcing operation are critical to improving comparable store sales , gross margin and inventory productivity.

 |
| table | | 2012 | 2011     | 2010     | 2009       | 2008
---------------- | ---- | -------- | -------- | ---------- | ----------
beginning stores | 3460 | 3369     | 3264     | 3243       | 3153
new stores ( 1 ) | 116  | 95       | 110      | 75         | 109
stores closed    | 2014 | -4 ( 4 ) | -5 ( 5 ) | -54 ( 54 ) | -19 ( 19 )
ending stores    | 3576 | 3460     | 3369     | 3264       | 3243 |


| _id | dd498628a |
| title |  |
| text | conditions and changes to regulatory capital requirements under basel iii capital standards .
beginning in 2014 , other comprehensive income related to available for sale securities ( as well as pension and other post-retirement plans ) are included in pnc 2019s regulatory capital ( subject to a phase-in schedule ) and , therefore will affect pnc 2019s regulatory capital ratios .

for additional information , see the supervision and regulation section in item 1 2013 business and the capital portion of the balance sheet review section in this item 7 of this report .
the duration of investment securities was 2.9 years at december 31 , 2013 .

we estimate that , at december 31 , 2013 , the effective duration of investment securities was 3.0 years for an immediate 50 basis points parallel increase in interest rates and 2.8 years for an immediate 50 basis points parallel decrease in interest rates .
comparable amounts at december 31 , 2012 were 2.3 years and 2.2 years , respectively .
we conduct a quarterly comprehensive security-level impairment assessment on all securities .

for securities in an unrealized loss position , we determine whether the loss represents otti .

for debt securities that we neither intend to sell nor believe we will be required to sell prior to expected recovery , we recognize the credit portion of otti charges in current earnings and include the noncredit portion of otti in net unrealized gains ( losses ) on otti securities on our consolidated statement of comprehensive income and net of tax in accumulated other comprehensive income ( loss ) on our consolidated balance sheet .

during 2013 and 2012 we recognized otti credit losses of $ 16 million and $ 111 million , respectively .
substantially all of the credit losses related to residential mortgage-backed and asset-backed securities collateralized by non-agency residential loans .

if current housing and economic conditions were to deteriorate from current levels , and if market volatility and illiquidity were to deteriorate from current levels , or if market interest rates were to increase or credit spreads were to widen appreciably , the valuation of our investment securities portfolio could be adversely affected and we could incur additional otti credit losses that would impact our consolidated income statement .

additional information regarding our investment securities is included in note 8 investment securities and note 9 fair value in the notes to consolidated financial statements included in item 8 of this report .
loans held for sale table 15 : loans held for sale in millions december 31 december 31 .

for commercial mortgages held for sale designated at fair value , we stopped originating these and continue to pursue opportunities to reduce these positions .
at december 31 , 2013 , the balance relating to these loans was $ 586 million compared to $ 772 million at december 31 , 2012 .
for commercial mortgages held for sale carried at lower of cost or fair value , we sold $ 2.8 billion in 2013 compared to $ 2.2 billion in 2012 .
all of these loan sales were to government agencies .

total gains of $ 79 million were recognized on the valuation and sale of commercial mortgage loans held for sale , net of hedges , in 2013 , and $ 41 million in 2012 .
residential mortgage loan origination volume was $ 15.1 billion in 2013 compared to $ 15.2 billion in 2012 .
substantially all such loans were originated under agency or federal housing administration ( fha ) standards .
we sold $ 14.7 billion of loans and recognized related gains of $ 568 million in 2013 .

the comparable amounts for 2012 were $ 13.8 billion and $ 747 million , respectively .
interest income on loans held for sale was $ 157 million in 2013 and $ 168 million in 2012 .
these amounts are included in other interest income on our consolidated income statement .

additional information regarding our loan sale and servicing activities is included in note 3 loan sales and servicing activities and variable interest entities and note 9 fair value in our notes to consolidated financial statements included in item 8 of this report .
goodwill and other intangible assets goodwill and other intangible assets totaled $ 11.3 billion at december 31 , 2013 and $ 10.9 billion at december 31 , 2012 .

the increase of $ .4 billion was primarily due to additions to and changes in value of mortgage and other loan servicing rights .
see additional information regarding our goodwill and intangible assets in note 10 goodwill and other intangible assets included in the notes to consolidated financial statements in item 8 of this report .
44 the pnc financial services group , inc .
2013 form 10-k

 |
| table | in millions                                          | december 312013 | december 312012
---------------------------------------------------- | --------------- | ---------------
commercial mortgages at fair value                   | $ 586           | $ 772
commercial mortgages at lower of cost or fair value  | 281             | 620
total commercial mortgages                           | 867             | 1392
residential mortgages at fair value                  | 1315            | 2096
residential mortgages at lower of cost or fair value | 41              | 124
total residential mortgages                          | 1356            | 2220
other                                                | 32              | 81
total                                                | $ 2255          | $ 3693 |


| _id | dd4c4643e |
| title |  |
| text | american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) company is currently unable to estimate the impact of the amount of such changes , if any , to previously recorded uncertain tax positions .
a reconciliation of the beginning and ending amount of unrecognized tax benefits for the year ending december 31 , 2007 is as follows ( in thousands ) : .

during the year ended december 31 , 2007 , the company recorded penalties and tax-related interest income of $ 2.5 million and interest income from tax refunds of $ 1.5 million for the year ended december 31 , 2007 .
as of december 31 , 2007 and january 1 , 2007 , the total unrecognized tax benefits included in other long-term liabilities in the consolidated balance sheets was $ 29.6 million and $ 34.3 million , respectively .

as of december 31 , 2007 and january 1 , 2007 , the total amount of accrued income tax-related interest and penalties included in other long-term liabilities in the consolidated balance sheets was $ 30.7 million and $ 33.2 million , respectively .
in the fourth quarter of 2007 , the company entered into a tax amnesty program with the mexican tax authority .

as of december 31 , 2007 , the company had met all of the administrative requirements of the program , which enabled the company to recognize certain tax benefits .
this was confirmed by the mexican tax authority on february 5 , 2008 .
these benefits include a reduction of uncertain tax benefits of $ 5.4 million along with penalties and interest of $ 12.5 million related to 2002 , all of which reduced income tax expense .

in connection with the above program , the company paid $ 6.7 million to the mexican tax authority as a settlement offer for other uncertain tax positions related to 2003 and 2004 .
this offer is currently under review by the mexican tax authority ; the company cannot yet determine the specific timing or the amount of any potential settlement .

during 2007 , the statute of limitations on certain unrecognized tax benefits lapsed , which resulted in a $ 0.7 million decrease in the liability for uncertain tax benefits , all of which reduced the income tax provision .
the company files numerous consolidated and separate income tax returns , including u.s .
federal and state tax returns and foreign tax returns in mexico and brazil .

as a result of the company 2019s ability to carry forward federal and state net operating losses , the applicable tax years remain open to examination until three years after the applicable loss carryforwards have been used or expired .
however , the company has completed u.s .
federal income tax examinations for tax years up to and including 2002 .
the company is currently undergoing u.s .
federal income tax examinations for tax years 2004 and 2005 .

additionally , it is subject to examinations in various u.s .
state jurisdictions for certain tax years , and is under examination in brazil for the 2001 through 2006 tax years and mexico for the 2002 tax year .
sfas no .

sfas no .
109 , 201caccounting for income taxes , 201d requires that companies record a valuation allowance when it is 201cmore likely than not that some portion or all of the deferred tax assets will not be realized . 201d at december 31 , 2007 , the company has provided a valuation allowance of approximately $ 88.2 million , including approximately

 |
| table | balance at january 1 2007                                     | $ 183953
------------------------------------------------------------- | ------------------
additions based on tax positions related to the current year  | 2598
additions for tax positions of prior years                    | 5412
reductions for tax positions of prior years                   | -120016 ( 120016 )
cash advance in connection with proposed settlement           | -6682 ( 6682 )
settlements with taxing authorities                           | -5372 ( 5372 )
reductions as a result of the lapse of statute of limitations | -669 ( 669 )
balance as of december 31 2007                                | $ 59224 |


| _id | dd4bbc41e |
| title |  |
| text | valuation techniques 2013 cash equivalents are mostly comprised of short-term money-market instruments and are valued at cost , which approximates fair value .
u.s .
equity securities and international equity securities categorized as level 1 are traded on active national and international exchanges and are valued at their closing prices on the last trading day of the year .
for u.s .

for u.s .
equity securities and international equity securities not traded on an active exchange , or if the closing price is not available , the trustee obtains indicative quotes from a pricing vendor , broker , or investment manager .
these securities are categorized as level 2 if the custodian obtains corroborated quotes from a pricing vendor or categorized as level 3 if the custodian obtains uncorroborated quotes from a broker or investment manager .

commingled equity funds are public investment vehicles valued using the net asset value ( nav ) provided by the fund manager .
the nav is the total value of the fund divided by the number of shares outstanding .
commingled equity funds are categorized as level 1 if traded at their nav on a nationally recognized securities exchange or categorized as level 2 if the nav is corroborated by observable market data ( e.g. , purchases or sales activity ) .

fixed income securities categorized as level 2 are valued by the trustee using pricing models that use verifiable observable market data ( e.g .
interest rates and yield curves observable at commonly quoted intervals ) , bids provided by brokers or dealers , or quoted prices of securities with similar characteristics .

private equity funds , real estate funds , hedge funds , and fixed income securities categorized as level 3 are valued based on valuation models that include significant unobservable inputs and cannot be corroborated using verifiable observable market data .
valuations for private equity funds and real estate funds are determined by the general partners , while hedge funds are valued by independent administrators .

depending on the nature of the assets , the general partners or independent administrators use both the income and market approaches in their models .
the market approach consists of analyzing market transactions for comparable assets while the income approach uses earnings or the net present value of estimated future cash flows adjusted for liquidity and other risk factors .

commodities categorized as level 1 are traded on an active commodity exchange and are valued at their closing prices on the last trading day of the year .
commodities categorized as level 2 represent shares in a commingled commodity fund valued using the nav , which is corroborated by observable market data .
contributions and expected benefit payments we generally determine funding requirements for our defined benefit pension plans in a manner consistent with cas and internal revenue code rules .

in 2012 , we made contributions of $ 3.6 billion related to our qualified defined benefit pension plans .
we plan to make contributions of approximately $ 1.5 billion related to the qualified defined benefit pension plans in 2013 .
in 2012 , we made contributions of $ 235 million related to our retiree medical and life insurance plans .
we expect no required contributions related to the retiree medical and life insurance plans in 2013 .

the following table presents estimated future benefit payments , which reflect expected future employee service , as of december 31 , 2012 ( in millions ) : .

defined contribution plans we maintain a number of defined contribution plans , most with 401 ( k ) features , that cover substantially all of our employees .
under the provisions of our 401 ( k ) plans , we match most employees 2019 eligible contributions at rates specified in the plan documents .
our contributions were $ 380 million in 2012 , $ 378 million in 2011 , and $ 379 million in 2010 , the majority of which were funded in our common stock .

our defined contribution plans held approximately 48.6 million and 52.1 million shares of our common stock as of december 31 , 2012 and 2011.

 |
| table | | 2013   | 2014   | 2015   | 2016   | 2017   | 2018 - 2022
---------------------------------------- | ------ | ------ | ------ | ------ | ------ | -----------
qualified defined benefit pension plans  | $ 1900 | $ 1970 | $ 2050 | $ 2130 | $ 2220 | $ 12880
retiree medical and life insurance plans | 200    | 210    | 220    | 220    | 220    | 1080 |


| _id | dd4c58b02 |
| title |  |
| text | management 2019s discussion and analysis 150 jpmorgan chase & co./2012 annual report wholesale credit portfolio as of december 31 , 2012 , wholesale exposure ( cib , cb and am ) increased by $ 70.9 billion from december 31 , 2011 , primarily driven by increases of $ 52.1 billion in lending- related commitments and $ 30.2 billion in loans due to increased client activity across most regions and most businesses .
the increase in loans was due to growth in cb and am .

these increases were partially offset by a $ 17.5 billion decrease in derivative receivables , primarily related to the decline in the u.s .
dollar , and tightening of credit spreads ; these changes resulted in reductions to interest rate , credit derivative , and foreign exchange balances .
wholesale credit portfolio december 31 , credit exposure nonperforming ( c ) ( d ) .

receivables from customers and other ( a ) 23648 17461 2014 2014 total wholesale credit- related assets 411814 392954 1784 2878 lending-related commitments 434814 382739 355 865 total wholesale credit exposure $ 846628 $ 775693 $ 2139 $ 3743 credit portfolio management derivatives notional , net ( b ) $ ( 27447 ) $ ( 26240 ) $ ( 25 ) $ ( 38 ) liquid securities and other cash collateral held against derivatives ( 13658 ) ( 21807 ) na na ( a ) receivables from customers and other primarily includes margin

customers and other primarily includes margin loans to prime and retail brokerage customers ; these are classified in accrued interest and accounts receivable on the consolidated balance sheets .

( b ) represents the net notional amount of protection purchased and sold through credit derivatives used to manage both performing and nonperforming wholesale credit exposures ; these derivatives do not qualify for hedge accounting under u.s .
gaap .
excludes the synthetic credit portfolio .
for additional information , see credit derivatives on pages 158 2013159 , and note 6 on pages 218 2013227 of this annual report .
( c ) excludes assets acquired in loan satisfactions .

( d ) prior to the first quarter of 2012 , reported amounts had only included defaulted derivatives ; effective in the first quarter of 2012 , reported amounts in all periods include both defaulted derivatives as well as derivatives that have been risk rated as nonperforming.

 |
| table | december 31 , ( in millions )                                        | december 31 , 2012 | december 31 , 2011 | 2012         | 2011
-------------------------------------------------------------------- | ------------------ | ------------------ | ------------ | ------------
loans retained                                                       | $ 306222           | $ 278395           | $ 1434       | $ 2398
loans held-for-sale                                                  | 4406               | 2524               | 18           | 110
loans at fair value                                                  | 2555               | 2097               | 93           | 73
loans 2013 reported                                                  | 313183             | 283016             | 1545         | 2581
derivative receivables                                               | 74983              | 92477              | 239          | 297
receivables from customers and other ( a )                           | 23648              | 17461              | 2014         | 2014
total wholesale credit-related assets                                | 411814             | 392954             | 1784         | 2878
lending-related commitments                                          | 434814             | 382739             | 355          | 865
total wholesale credit exposure                                      | $ 846628           | $ 775693           | $ 2139       | $ 3743
credit portfolio management derivatives notional net ( b )           | $ -27447 ( 27447 ) | $ -26240 ( 26240 ) | $ -25 ( 25 ) | $ -38 ( 38 )
liquid securities and other cash collateral held against derivatives | -13658 ( 13658 )   | -21807 ( 21807 )   | na           | na |


| _id | dd4c5ec82 |
| title |  |
| text | notes to consolidated financial statements the components of accumulated other comprehensive loss , net of related tax , are as follows: .

aon corporation

 |
| table | ( millions ) as of december 31       | 2007           | 2006             | 2005
------------------------------------ | -------------- | ---------------- | ----------------
net derivative gains ( losses )      | $ 24           | $ 15             | $ -11 ( 11 )
net unrealized investment gains      | 76             | 73               | 52
net foreign exchange translation     | 284            | 118              | -119 ( 119 )
postretirement plans                 | -1110 ( 1110 ) | -1216 ( 1216 )   | -1077 ( 1077 )
accumulated other comprehensive loss | $ -726 ( 726 ) | $ -1010 ( 1010 ) | $ -1155 ( 1155 ) |


| _id | dd4bde83e |
| title |  |
| text | page 27 of 100 other liquidity items cash payments required for long-term debt maturities , rental payments under noncancellable operating leases , purchase obligations and other commitments in effect at december 31 , 2010 , are summarized in the following table: .

total payments on contractual obligations $ 10697.7 $ 2935.6 $ 4321.2 $ 785.9 $ 2655.0 ( a ) amounts reported in local currencies have been translated at the year-end 2010 exchange rates .
( b ) for variable rate facilities , amounts are based on interest rates in effect at year end and do not contemplate the effects of hedging instruments .
( c ) the company 2019s purchase obligations include contracted amounts for aluminum , steel and other direct materials .

also included are commitments for purchases of natural gas and electricity , aerospace and technologies contracts and other less significant items .
in cases where variable prices and/or usage are involved , management 2019s best estimates have been used .
depending on the circumstances , early termination of the contracts may or may not result in penalties and , therefore , actual payments could vary significantly .

the table above does not include $ 60.1 million of uncertain tax positions , the timing of which is uncertain .
contributions to the company 2019s defined benefit pension plans , not including the unfunded german plans , are expected to be in the range of $ 30 million in 2011 .
this estimate may change based on changes in the pension protection act and actual plan asset performance , among other factors .

benefit payments related to these plans are expected to be $ 71.4 million , $ 74.0 million , $ 77.1 million , $ 80.3 million and $ 84.9 million for the years ending december 31 , 2011 through 2015 , respectively , and a total of $ 483.1 million for the years 2016 through 2020 .

payments to participants in the unfunded german plans are expected to be between $ 21.8 million ( 20ac16.5 million ) to $ 23.2 million ( 20ac17.5 million ) in each of the years 2011 through 2015 and a total of $ 102.7 million ( 20ac77.5 million ) for the years 2016 through 2020 .
for the u.s .
pension plans in 2011 , we changed our return on asset assumption to 8.00 percent ( from 8.25 percent in 2010 ) and our discount rate assumption to an average of 5.55 percent ( from 6.00 percent in 2010 ) .

based on the changes in assumptions , pension expense in 2011 is anticipated to be relatively flat compared to 2010 .
a reduction of the expected return on pension assets assumption by a quarter of a percentage point would result in an estimated $ 2.9 million increase in the 2011 global pension expense , while a quarter of a percentage point reduction in the discount rate applied to the pension liability would result in an estimated $ 3.5 million of additional pension expense in 2011 .

additional information regarding the company 2019s pension plans is provided in note 14 accompanying the consolidated financial statements within item 8 of this report .
annual cash dividends paid on common stock were 20 cents per share in 2010 , 2009 and 2008 .
total dividends paid were $ 35.8 million in 2010 , $ 37.4 million in 2009 and $ 37.5 million in 2008 .
on january 26 , 2011 , the company 2019s board of directors approved an increase in the quarterly dividends to 7 cents per share .

share repurchases our share repurchases , net of issuances , totaled $ 506.7 million in 2010 , $ 5.1 million in 2009 and $ 299.6 million in 2008 .
on november 2 , 2010 , we acquired 2775408 shares of our publicly held common stock in a private transaction for $ 88.8 million .
on february 17 , 2010 , we entered into an accelerated share repurchase agreement to buy $ 125.0 million of our common shares using cash on hand and available borrowings .

we advanced the $ 125.0 million on february 22 , 2010 , and received 4323598 shares , which represented 90 percent of the total shares as calculated using the previous day 2019s closing price .
the agreement was settled on may 20 , 2010 , and the company received an additional 398206 shares .
net repurchases in 2008 included a $ 31 million settlement on january 7 , 2008 , of a forward contract entered into in december 2007 for the repurchase of 1350000 shares .

from january 1 through february 24 , 2011 , ball repurchased an additional $ 143.3 million of its common stock.

 |
| table | ( $ in millions )                         | payments due by period ( a ) total | payments due by period ( a ) less than1 year | payments due by period ( a ) 1-3 years | payments due by period ( a ) 3-5 years | payments due by period ( a ) more than5 years
----------------------------------------- | ---------------------------------- | -------------------------------------------- | -------------------------------------- | -------------------------------------- | ---------------------------------------------
long-term debt including capital leases   | $ 2750.1                           | $ 34.5                                       | $ 188.3                                | $ 367.1                                | $ 2160.2
interest payments on long-term debt ( b ) | 1267.5                             | 160.5                                        | 316.4                                  | 304.2                                  | 486.4
operating leases                          | 93.2                               | 31.1                                         | 37.1                                   | 16.6                                   | 8.4
purchase obligations ( c )                | 6586.9                             | 2709.5                                       | 3779.4                                 | 98.0                                   | 2212
total payments on contractual obligations | $ 10697.7                          | $ 2935.6                                     | $ 4321.2                               | $ 785.9                                | $ 2655.0 |


| _id | dd4bcb00e |
| title |  |
| text | cash and cash equivalents cash equivalents include highly-liquid investments with a maturity of three months or less when purchased .
accounts receivable and allowance for doubtful accounts accounts receivable are carried at the invoiced amounts , less an allowance for doubtful accounts , and generally do not bear interest .
the company estimates the balance of allowance for doubtful accounts by analyzing accounts receivable balances by age and applying historical write-off and collection trend rates .

the company 2019s estimates include separately providing for customer receivables based on specific circumstances and credit conditions , and when it is deemed probable that the balance is uncollectible .
account balances are written off against the allowance when it is determined the receivable will not be recovered .

the company 2019s allowance for doubtful accounts balance also includes an allowance for the expected return of products shipped and credits related to pricing or quantities shipped of $ 15 million , $ 14 million and $ 15 million as of december 31 , 2017 , 2016 , and 2015 , respectively .
returns and credit activity is recorded directly to sales as a reduction .
the following table summarizes the activity in the allowance for doubtful accounts: .

( a ) other amounts are primarily the effects of changes in currency translations and the impact of allowance for returns and credits .
inventory valuations inventories are valued at the lower of cost or net realizable value .
certain u.s .
inventory costs are determined on a last-in , first-out ( 201clifo 201d ) basis .
lifo inventories represented 39% ( 39 % ) and 40% ( 40 % ) of consolidated inventories as of december 31 , 2017 and 2016 , respectively .

all other inventory costs are determined using either the average cost or first-in , first-out ( 201cfifo 201d ) methods .
inventory values at fifo , as shown in note 5 , approximate replacement cost .
property , plant and equipment property , plant and equipment assets are stated at cost .
merchandising and customer equipment consists principally of various dispensing systems for the company 2019s cleaning and sanitizing products , dishwashing machines and process control and monitoring equipment .

certain dispensing systems capitalized by the company are accounted for on a mass asset basis , whereby equipment is capitalized and depreciated as a group and written off when fully depreciated .
the company capitalizes both internal and external costs of development or purchase of computer software for internal use .
costs incurred for data conversion , training and maintenance associated with capitalized software are expensed as incurred .

expenditures for major renewals and improvements , which significantly extend the useful lives of existing plant and equipment , are capitalized and depreciated .
expenditures for repairs and maintenance are charged to expense as incurred .
upon retirement or disposition of plant and equipment , the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in income .

depreciation is charged to operations using the straight-line method over the assets 2019 estimated useful lives ranging from 5 to 40 years for buildings and leasehold improvements , 3 to 20 years for machinery and equipment , 3 to 15 years for merchandising and customer equipment and 3 to 7 years for capitalized software .

the straight-line method of depreciation reflects an appropriate allocation of the cost of the assets to earnings in proportion to the amount of economic benefits obtained by the company in each reporting period .
depreciation expense was $ 586 million , $ 561 million and $ 560 million for 2017 , 2016 and 2015 , respectively.

 |
| table | ( millions )      | 2017           | 2016           | 2015
----------------- | -------------- | -------------- | --------------
beginning balance | $ 67.6         | $ 75.3         | $ 77.5
bad debt expense  | 17.1           | 20.1           | 25.8
write-offs        | -15.7 ( 15.7 ) | -24.6 ( 24.6 ) | -21.9 ( 21.9 )
other ( a )       | 2.5            | -3.2 ( 3.2 )   | -6.1 ( 6.1 )
ending balance    | $ 71.5         | $ 67.6         | $ 75.3 |


| _id | dd4c5c6e4 |
| title |  |
| text | 11 .
borrowings short-term borrowings the carrying value of short-term borrowings at december 31 , 2012 and 2011 , included $ 100 million under the 2012 revolving credit facility and $ 100 million under the 2011 revolving credit facility , respectively .
2012 revolving credit facility .
in march 2011 , the company entered into a five-year $ 3.5 billion unsecured revolving credit facility ( the 201c2011 credit facility 201d ) .

in march 2012 , the 2011 credit facility was amended to extend the maturity date by one year to march 2017 and in april 2012 the amount of the aggregate commitment was increased to $ 3.785 billion ( the 201c2012 credit facility 201d ) .
the 2012 credit facility permits the company to request an additional $ 1.0 billion of borrowing capacity , subject to lender credit approval , increasing the overall size of the 2012 credit facility to an aggregate principal amount not to exceed $ 4.785 billion .

interest on borrowings outstanding accrues at a rate based on the applicable london interbank offered rate plus a spread .
the 2012 credit facility requires the company not to exceed a maximum leverage ratio ( ratio of net debt to ebitda , where net debt equals total debt less unrestricted cash ) of 3 to 1 , which was satisfied with a ratio of less than 1 to 1 at december 31 , 2012 .

the 2012 credit facility provides back-up liquidity , funds ongoing working capital for general corporate purposes and funds various investment opportunities .
at december 31 , 2012 , the company had $ 100 million outstanding under this facility with an interest rate of 1.085% ( 1.085 % ) and a maturity during january 2013 .
during january 2013 , the company rolled over the $ 100 million in borrowings at an interest rate of 1.085% ( 1.085 % ) and a maturity during february 2013 .

during february 2013 , the company rolled over the $ 100 million in borrowings at an interest rate of 1.075% ( 1.075 % ) and a maturity during march 2013 .
commercial paper program .
on october 14 , 2009 , blackrock established a commercial paper program ( the 201ccp program 201d ) under which the company could issue unsecured commercial paper notes ( the 201ccp notes 201d ) on a private placement basis up to a maximum aggregate amount outstanding at any time of $ 3.0 billion .

on may 13 , 2011 , blackrock increased the maximum aggregate amount that may be borrowed under the cp program to $ 3.5 billion .
on may 17 , 2012 , blackrock increased the maximum aggregate amount to $ 3.785 billion .
the cp program is currently supported by the 2012 credit facility .
as of december 31 , 2012 and december 31 , 2011 , blackrock had no cp notes outstanding .

long-term borrowings the carrying value and fair value of long-term borrowings estimated using market prices at december 31 , 2012 included the following : ( dollar amounts in millions ) maturity amount unamortized discount carrying value fair value .

 |
| table | ( dollar amounts in millions )    | maturity amount | unamortized discount | carrying value | fair value
--------------------------------- | --------------- | -------------------- | -------------- | ----------
floating rate notes due 2013      | $ 750           | $ 2014               | $ 750          | $ 750
3.50% ( 3.50 % ) notes due 2014   | 1000            | 2014                 | 1000           | 1058
1.375% ( 1.375 % ) notes due 2015 | 750             | 2014                 | 750            | 762
6.25% ( 6.25 % ) notes due 2017   | 700             | -3 ( 3 )             | 697            | 853
5.00% ( 5.00 % ) notes due 2019   | 1000            | -2 ( 2 )             | 998            | 1195
4.25% ( 4.25 % ) notes due 2021   | 750             | -4 ( 4 )             | 746            | 856
3.375% ( 3.375 % ) notes due 2022 | 750             | -4 ( 4 )             | 746            | 801
total long-term borrowings        | $ 5700          | $ -13 ( 13 )         | $ 5687         | $ 6275 |


| _id | dd4bbd300 |
| title |  |
| text | entergy arkansas , inc .
and subsidiaries management 2019s financial discussion and analysis results of operations net income 2016 compared to 2015 net income increased $ 92.9 million primarily due to higher net revenue and lower other operation and maintenance expenses , partially offset by a higher effective income tax rate and higher depreciation and amortization expenses .

2015 compared to 2014 net income decreased $ 47.1 million primarily due to higher other operation and maintenance expenses , partially offset by higher net revenue .
net revenue 2016 compared to 2015 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) .
following is an analysis of the change in net revenue comparing 2016 to 2015 .
amount ( in millions ) .

the retail electric price variance is primarily due to an increase in base rates , as approved by the apsc .
the new base rates were effective february 24 , 2016 and began billing with the first billing cycle of april 2016 .
the increase includes an interim base rate adjustment surcharge , effective with the first billing cycle of april 2016 , to recover the incremental revenue requirement for the period february 24 , 2016 through march 31 , 2016 .

a significant portion of the increase is related to the purchase of power block 2 of the union power station .
see note 2 to the financial statements for further discussion of the rate case .
see note 14 to the financial statements for further discussion of the union power station purchase.

 |
| table | | amount ( in millions )
--------------------- | ----------------------
2015 net revenue      | $ 1362.2
retail electric price | 161.5
other                 | -3.2 ( 3.2 )
2016 net revenue      | $ 1520.5 |


| _id | dd4ba2eba |
| title |  |
| text | equity compensation plan information the following table presents the equity securities available for issuance under our equity compensation plans as of december 31 , 2018 .

equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( a ) ( b ) ( c ) equity compensation plans approved by security holders 399165 $ 0.00 3995600 equity compensation plans not approved by

3995600 equity compensation plans not approved by security holders ( 2 ) 2014 2014 2014 .

( 1 ) includes grants made under the huntington ingalls industries , inc .
2012 long-term incentive stock plan ( the "2012 plan" ) , which was approved by our stockholders on may 2 , 2012 , and the huntington ingalls industries , inc .
2011 long-term incentive stock plan ( the "2011 plan" ) , which was approved by the sole stockholder of hii prior to its spin-off from northrop grumman corporation .
of these shares , 27123 were stock rights granted under the 2011 plan .

in addition , this number includes 31697 stock rights , 5051 restricted stock rights , and 335293 restricted performance stock rights granted under the 2012 plan , assuming target performance achievement .
( 2 ) there are no awards made under plans not approved by security holders .
item 13 .

item 13 .
certain relationships and related transactions , and director independence information as to certain relationships and related transactions and director independence will be incorporated herein by reference to the proxy statement for our 2019 annual meeting of stockholders , to be filed within 120 days after the end of the company 2019s fiscal year .
item 14 .

item 14 .
principal accountant fees and services information as to principal accountant fees and services will be incorporated herein by reference to the proxy statement for our 2019 annual meeting of stockholders , to be filed within 120 days after the end of the company 2019s fiscal year.

 |
| table | plan category                                                    | number of securities to be issued upon exercise of outstanding options warrants and rights ( 1 ) ( a ) ( b ) | weighted-average exercise price of outstanding optionswarrants and rights | number of securities remaining available for future issuance under equity compensation plans ( excluding securitiesreflected in column ( a ) ) ( c )
---------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------ | ------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------
equity compensation plans approved by security holders           | 399165                                                                                | $ 0.00                                                                    | 3995600
equity compensation plans not approved by security holders ( 2 ) | 2014                                                                                | 2014                                                                      | 2014
total                                                            | 399165                                                                                | $ 0.00                                                                    | 3995600 |


| _id | dd4b9687c |
| title |  |
| text | nbcuniversal media , llc consolidated statement of comprehensive income .

see accompanying notes to consolidated financial statements .
147 comcast 2015 annual report on form 10-k

 |
| table | year ended december 31 ( in millions )                                       | 2015         | 2014         | 2013
---------------------------------------------------------------------------- | ------------ | ------------ | ------------
net income                                                                   | $ 3624       | $ 3297       | $ 2122
deferred gains ( losses ) on cash flow hedges net                            | -21 ( 21 )   | 25           | -5 ( 5 )
employee benefit obligations net                                             | 60           | -106 ( 106 ) | 95
currency translation adjustments net                                         | -121 ( 121 ) | -62 ( 62 )   | -41 ( 41 )
comprehensive income                                                         | 3542         | 3154         | 2171
net ( income ) loss attributable to noncontrolling interests                 | -210 ( 210 ) | -182 ( 182 ) | -154 ( 154 )
other comprehensive ( income ) loss attributable to noncontrolling interests | 29           | 2014         | 2014
comprehensive income attributable to nbcuniversal                            | $ 3361       | $ 2972       | $ 2017 |