[User] What was the total amount of gross-to-net deductions related to rebates and chargebacks for 2023?

[Assistant] $14.3 billion


[User] How much did foreign currency exchange rates unfavorably impact product sales in 2023?

[Assistant] $224 million


[User] How much did product gross margin decrease from 2022 to 2023?

[Assistant] from 79.0% to 75.9%


[User] What steps does the company plan to take next after discussing data with regulators and key opinion leaders?

[Assistant] The company intends to discuss the data with regulators and key opinion leaders to determine the most appropriate next steps.


[User] How did General Motors perform financially in 2023?

[Assistant] In 2023, General Motors' financial performance was driven by the success of high-margin products like full-size pick-ups and SUVs, despite challenges such as higher interest rates, inflationary pressures, supply chain issues, and labor negotiations.


[User] What impact did the UAW strike in 2023 have on General Motors' financial results?

[Assistant] The UAW strike in 2023 resulted in an unfavorable impact of approximately $0.8 billion on Net income attributable to stockholders and $1.1 billion on GMNA EBIT-adjusted.


[User] What are the expected financial results for General Motors for the year ending December 31, 2024?

[Assistant] For the year ending December 31, 2024, General Motors expects Net income attributable to stockholders to be between $9.8 billion and $11.2 billion, and EBIT-adjusted to be between $12.0 billion and $14.0 billion.


[User] What are the key terms of the new Labor Agreement ratified by the UAW in 2023?

[Assistant] The key terms of the newly ratified Labor Agreement include general wage increases of 11% upon ratification in 2023, followed by 3% increases in 2024, 2025, and 2026, and a 5% increase in 2027, consolidation of wage classifications, re-establishment of a cost-of-living allowance, lump sum ratification bonuses, an increase in pension benefits, enhanced contributions to retirement accounts, and annual contributions to retirees or surviving spouses.


[User] What measures is General Motors taking to reduce costs and streamline operations?

[Assistant] General Motors is implementing a cost reduction program to decrease automotive fixed costs by $2.0 billion annually by the end of 2024, excluding certain financial impacts. They are also reducing marketing and advertising expenses, streamlining engineering expenses by reducing complexity across the vehicle portfolio, adjusting the cadence of EV launches, reducing launch-related expenses, reprioritizing growth initiatives, and cutting overall overhead and discretionary costs.


[User] What led to the suspension of Cruise's permits to operate autonomous vehicles in California?

[Assistant] The California DMV suspended Cruise's permits due to the company's representatives not being explicit about a secondary movement of a Cruise autonomous vehicle during the investigation of a hit-and-run accident.


[User] What actions did Cruise take following the suspension of its operating permits?

[Assistant] Cruise voluntarily paused all its driverless, supervised, and manual autonomous vehicle operations in the U.S. to conduct a comprehensive safety review and rebuild public trust.


[User] What were the financial impacts on Cruise due to the suspension and subsequent operational pause?

[Assistant] Cruise recorded restructuring charges of $0.5 billion in the three months ending December 31, 2023, and anticipates $1.0 billion in reduced expenses in 2024.


[User] How did GM Financial's revenue composition distribute in the year ended December 31, 2023?

[Assistant] In 2023, GM Financial's revenue was made up of 51% leased vehicle income, 37% retail finance charge income, and 7% commercial finance charge income.


[User] What was the reduction in gains on terminations of leased vehicles for GM Financial in 2023 compared to 2022?

[Assistant] The gains on terminations of leased vehicles decreased by $0.3 billion from $1.2 billion in 2022 to $0.9 billion in 2023.


[User] What components primarily affect changes in lease residuals for Ford Credit?

[Assistant] Changes in lease residuals are mainly influenced by residual gains and losses and changes in accumulated supplemental depreciation.


[User] How are changes in operating expenses primarily driven at Ford Credit?

[Assistant] Changes in operating expenses at Ford Credit are primarily driven by salaried personnel costs, facilities costs, and costs associated with the origination and servicing of customer contracts.


[User] What defines the "Loss-to-Receivables" (LTR) Ratio at Ford Credit?

[Assistant] The LTR ratio is defined as the net charge-offs divided by average finance receivables, excluding unearned interest supplements and the allowance for credit losses.


[User] What led to the deterioration of Corporate Other's EBIT in 2023 compared to 2022?

[Assistant] The EBIT deterioration was primarily driven by lower past service pension and OPEB income, although it was partially offset by higher Company excluding Ford Credit interest income due to higher interest rates.


[User] What were the main causal factors influencing the increase in Ford Blue's EBIT in 2022?

[Assistant] The increase in Ford Blue's EBIT in 2022 was primarily influenced by higher net pricing and higher wholesales, offset by inflationary increases on commodity, material, and freight costs, higher warranty costs, higher structural costs, and weaker currencies.


[User] How much did Ford's net income change from 2021 to 2022?

[Assistant] Ford's net income decreased by $19.9 billion from 2021 to 2022.


[User] What were the financial impacts of Ford's investments in Rivian and Argo in the year 2022?

[Assistant] In 2022, Ford incurred a $7.4 billion mark-to-market net loss on its Rivian investment and a $2.7 billion impairment on its Argo investment, contributing to a total of $12.2 billion in special item charges.


[User] What was the variation in Ford Pro's EBIT from 2021 to 2022, and what caused this change?

[Assistant] Ford Pro's EBIT increased by $557 million from 2021 to 2022, primarily due to improved performance in the Ford Pro segment.


[User] What was the increase in wholesale units for Ford Pro from 2021 to 2022?

[Assistant] 114,000 units


[User] By how much did Ford Pro's revenue increase from 2021 to 2022?

[Assistant] $6.29 billion


[User] How many Oak Street Health primary care centers did the company operate by the end of 2023?

[Assistant] By the end of 2023, the company operated 204 Oak Street Health primary care centers.


[User] What mechanism does the ACO REACH model use to calculate payments and savings?

[Assistant] The ACO REACH model uses a retrospective payment system where Medicare reimburses providers according to their usual fee-for-service payment schedule while tracking the total fee-for-service costs for billable services rendered for attributed Medicare beneficiaries over the year. If the costs exceed a benchmark, the ACO owes to CMS, and if lower, CMS pays the ACO the savings achieved.


[User] What types of clients and customers does the Company's Health Services segment primarily serve?

[Assistant] The Company's Health Services clients and customers include employers, insurance companies, unions, government employee groups, health plans, and other sponsors of health benefit plans, as well as patients receiving care in various settings.


[User] How does the Company's Health Services segment generate most of its revenue?

[Assistant] The Health Services segment primarily generates revenue through the sale and management of prescription drugs to eligible members in benefit plans maintained by clients.


[User] What was the percentage of total retail pharmacy prescriptions dispensed by the Pharmacy & Consumer Wellness segment in the U.S. during 2023?

[Assistant] 26.7%


[User] What was the percentage of proprietary brand product sales as part of the front store revenues in 2023?

[Assistant] 21%


[User] How did the demand for OTC test kits change throughout 2023 in the Pharmacy & Consumer Wellness segment?

[Assistant] The demand for OTC test kits was highest in the first quarter of 2023 and declined to its lowest quarterly volume by the fourth quarter.


[User] What were the peak periods for COVID-19 vaccine administration in 2023 and 2022?

[Assistant] In 2023, the highest quarterly volume of COVID-19 vaccinations was during the fourth quarter, whereas in 2022, high volumes were administered during the first quarter and there was an increase in the fourth quarter related to the bivalent COVID-19 booster.


[User] What factors impact the Pharmacy & Consumer Wellness revenues, expenses, and operating results?

[Assistant] The timing and severity of the cough, cold, and flu season, as well as uncharacteristic or extreme weather conditions, can adversely affect consumer shopping patterns and thus impact the Pharmacy & Consumer Wellness revenues, expenses, and operating results.


[User] What percentage of the company's workforce reported their race/ethnicity as White in 2023?

[Assistant] 47%


[User] When did HP adopt flexible working guidelines?

[Assistant] July 2021


[User] What is the title held by Alex Cho at HP?

[Assistant] President, Personal Systems


[User] What position did Jon Faust hold before becoming the Global Controller at HP?

[Assistant] Head of Finance Transformation & Corporate Services


[User] What previous role did Julie Jacobs hold before becoming Chief Legal Officer and General Counsel at HP?

[Assistant] Senior Executive Vice President, General Counsel and Corporate Secretary of Yahoo


[User] How long has Enrique Lores served as President and Chief Executive Officer of HP as of the last update?

[Assistant] Since November 2019


[User] What is the significance of Microsoft® and Windows® in relation to Microsoft Corporation?

[Assistant] Microsoft® and Windows® are either registered trademarks or trademarks of Microsoft Corporation.


[User] What trademarks belong to Intel Corporation in the United States?

[Assistant] Intel® is a trademark of Intel Corporation.


[User] What company owns the trademark for AMD?

[Assistant] AMD is a trademark of Advanced Micro Devices, Inc.


[User] What type of trademarks does Google LLC own?

[Assistant] Google™ and Google Chrome™ are trademarks of Google LLC.


[User] Where are the Microsoft® and Windows® trademarks registered?

[Assistant] In the United States and/or other countries.


[User] What unique feature does QuickBooks Payments offer in its integration into QuickBooks?

[Assistant] QuickBooks Payments is integrated into QuickBooks with seamless onboarding and automated transaction reconciliation, and it serves as the default payment solution for QuickBooks invoicing.


[User] What kind of support does QuickBooks Live offer to small businesses?

[Assistant] QuickBooks Live provides Full-Service Bookkeeping for hands-on book management and Assisted Bookkeeping Service for on-demand access to expert bookkeepers.


[User] What are the key functionalities of QuickBooks Online for small businesses?

[Assistant] Features include tracking income and expenses, creating and sending invoices, managing and paying bills, and generating financial reports with industry-specific capabilities.


[User] What is the purpose of QuickBooks Self-Employed?

[Assistant] To help self-employed individuals maintain preparedness for tax time by categorizing business and personal transactions, tracking mileage, and calculating estimated taxes.


[User] How does Credit Karma support its users' financial journey?

[Assistant] Credit Karma offers free services like access to credit scores and reports, credit and identity monitoring, dispute resolutions, financial progress tools, and personalized financial product recommendations.


[User] What is the three-pillared growth strategy of the Small Business & Self-Employed segment as outlined?

[Assistant] The three-pillared growth strategy consists of Grow the Core, Connect the Ecosystem, and Expand Globally.


[User] How does Credit Karma support its financial services?

[Assistant] Credit Karma supports its services by collaborating with a variety of partners, including credit bureaus, banks, credit card issuers, insurance carriers, and other financial institutions and lending partners.


[User] What is the Lightbox platform used for in Credit Karma's offerings?

[Assistant] The Lightbox platform is used by lenders to leverage thousands of de-identified data points from Credit Karma members to enhance the certainty of approval for members applying for financial products.


[User] What is included in the ProTax segment of Intuit's offerings?

[Assistant] Intuit's ProTax segment includes professional tax offerings such as Lacerte, ProSeries, and ProConnect Tax Online in the U.S., and ProFile and ProTax Online in Canada, primarily serving professional accountants for tax preparation and filing.


[User] How does Intuit's ProSeries software serve its users?

[Assistant] ProSeries is designed for year-round tax practices that handle moderately complex tax returns.


[User] What responsibilities does Timothy A. Massa have at Kroger?

[Assistant] Timothy A. Massa is responsible for Human Resources and Labor Relations at Kroger.


[User] What percentage increase did Kroger's net earnings per diluted common share experience from 2021 to 2022?

[Assistant] 41%


[User] How much did Kroger invest in associate wages since 2018?

[Assistant] $1.9 billion


[User] What was the total dividends paid by Kroger in 2022?

[Assistant] $682 million


[User] What is Kroger's target range for total shareholder return over time?

[Assistant] 8% to 11%


[User] By what percentage did Kroger's adjusted FIFO operating profit increase in 2022 compared to 2021?

[Assistant] 17.8%


[User] What is the primary focus of Kroger's value creation model?

[Assistant] To deliver consistent and attractive total shareholder return


[User] What range does Kroger aim for its net total debt to adjusted EBITDA ratio?

[Assistant] 2.30 to 2.50


[User] What was the operating profit in 2022 and how did it compare to 2021?

[Assistant] The operating profit in 2022 was $4.1 billion, which represents a 19% increase compared to 2021.


[User] What was the percentage increase in identical sales excluding fuel in 2022?

[Assistant] Identical sales, excluding fuel, increased by 5.6% in 2022.


[User] What was the total provision for income taxes for the Hershey Company in 2023?

[Assistant] $310,077


[User] How did The Hershey Company's investments in partnerships qualifying for tax credits impact their tax expenses in 2023?

[Assistant] In 2023, The Hershey Company's investments in partnerships that qualified for federal historic and energy tax credits resulted in the recognition of tax credits which were accounted for as a reduction of tax expense. Additionally, the corresponding equity investment was written down to reflect the remaining value of the future benefits.


[User] What were the target asset allocation percentages for The Hershey Company's major domestic pension plans as of December 31, 2023?

[Assistant] Cash was 1%, equity securities were 27%, fixed income securities were 48%, and alternative investments including real estate, listed infrastructure, and others were 24%.


[User] What are the different asset categories listed in the total pension plan assets?

[Assistant] The different asset categories listed in the total pension plan assets include global all-cap equity securities, U.S. government/agency fixed income securities, corporate bonds, international government/corporate bonds, diversified credit, global diversified assets alternative investments, and real assets funds.


[User] What was the total intrinsic value of options exercised in 2023, and how does it compare to the values in 2022 and 2021?

[Assistant] The total intrinsic value of options exercised in 2023 was $35,474, which shows a decrease when compared to $40,882 in 2022 and $38,645 in 2021.


[User] How much net sales did the United States contribute to the total in 2023?

[Assistant] $9,752,314


[User] What percentage of The Hershey Company's employees were covered by collective bargaining agreements as of December 31, 2023?

[Assistant] 31%


[User] What were Hershey's total proceeds from the sale of a building portion in June 2022, and what was the resulting financial impact?

[Assistant] Total proceeds from the sale were approximately $6,300, resulting in a loss of $13,568, which was recorded in the SM&A expense caption within the Consolidated Statements of Income.


[User] What business outcomes is HPE focused on accelerating with its technological solutions?

[Assistant] HPE is focused on accelerating business outcomes such as driving new business models, creating new customer and employee experiences, and increasing operational efficiency today and into the future with its technological solutions.


[User] What types of businesses does HPE serve?

[Assistant] HPE serves a wide range of customers including small-and-medium-sized businesses (SMBs), large global enterprises, and governmental entities.


[User] What is the interest rate and maturity range for the SkyMiles Notes?

[Assistant] The SkyMiles Notes have interest rates of 4.50% and 4.75%, with a maturity range from 2024 to 2028.


[User] What discount rate does Delta Air Lines use for lease payments when the rate implicit in the lease is not readily determinable?

[Assistant] Delta Air Lines uses their incremental borrowing rate, which is based on the estimated interest rate for collateralized borrowing over a similar term of the lease at commencement date.


[User] How many aircraft did Delta Air Lines lease as of December 31, 2023, and how are these leases classified?

[Assistant] As of December 31, 2023, Delta Air Lines leased a total of 225 aircraft, classified into 111 finance leases and 114 operating leases.


[User] What was the expected rate of return on plan assets for Delta Air Lines' pension plans in the year ended December 31, 2023?

[Assistant] 7.00%


[User] How does the funded status of Delta Air Lines' pension plans compare between the end of 2023 and 2022?

[Assistant] The funded status was $(145) million at the end of 2023 and $(90) million at the end of 2022.


[User] What financial instruments are included in risk diversifying assets described in the overview of benefit plan assets?

[Assistant] Risk diversifying assets include hedge funds implementing long-short, market neutral and relative value strategies that invest in publicly-traded equity, fixed income, foreign currency, and commodity securities.


[User] How are investments in Delta Airways' defined benefit and postemployment benefit plans evaluated in terms of value?

[Assistant] These investments are measured at fair value on a recurring basis, and are presented net of the related benefit obligation either in other noncurrent assets or in pension, postretirement and related benefits on the balance sheets depending on each plan's funded status.


[User] What was the total amount of Delta Air Lines' future aircraft purchase commitments as of December 31, 2023?

[Assistant] $17.5 billion


[User] How much did Delta Air Lines record as a special profit sharing expense for the year ended December 31, 2021?

[Assistant] $108 million


[User] What was Delta Air Lines' net deferred tax liability balance as of December 31, 2023?

[Assistant] $665 million


[User] What are the primary locations where the majority of the business operations for the parent company are based?

[Assistant] The majority of the business operations are based in Macao, held by various Macao-incorporated indirect subsidiaries of SCL.


[User] What principle governs Macao under the Basic Law after December 20, 1999?

[Assistant] 'One country, two systems' is the principle under which Macao is governed according to the Basic Law, after becoming a Special Administrative Region of China on December 20, 1999.


[User] What recent change did the Accelerating Holding Foreign Companies Accountable Act implement?

[Assistant] The Accelerating Holding Foreign Companies Accountable Act reduced the number of consecutive non-inspection years required for triggering the listing and trading prohibitions under the HFCA Act from three years to two years.


[User] What are the potential consequences for the parent company if foreign exchange or capital control restrictions were imposed in the future?

[Assistant] If foreign exchange or capital control restrictions were to be imposed in the future, it could potentially reduce the amounts that the parent company would be able to receive from its Macao, Hong Kong, and mainland China subsidiaries.


[User] How much unrestricted and restricted cash did the entity in Mainland China hold as of December 31, 2023?

[Assistant] The entity held unrestricted cash and cash equivalents of $2.20 billion and restricted cash of $124 million as of December 31, 2023.


[User] What is the total amount of unrestricted cash available for repatriation from Mainland China to the U.S. as of the end of 2023?

[Assistant] Approximately $1.80 billion of the unrestricted cash is available to be repatriated from Mainland China to the U.S. as of the end of 2023.


[User] What were the total net transfers between the Company and SCL for the year ended December 31, 2023?

[Assistant] The total net transfers between the Company and SCL for the year ended December 31, 2023, were $100 million.


[User] How much did SCL pay in interest on their Senior Notes during the year ended December 31, 2023?

[Assistant] SCL made interest payments totaling $346 million on the SCL Senior Notes during the year ended December 31, 2023.


[User] Which specific note in the consolidated financial statements provides insights into litigation as discussed in Item 3?

[Assistant] Note 17


[User] What are the operating segments of the company in Macao?

[Assistant] The operating segments in Macao consist of The Venetian Macao, The Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Macao, and the Sands Macao.


[User] What percentage of their Medicare Advantage members did Onehome serve with their value-based model as of December 31, 2023?

[Assistant] 14%


[User] What significant transaction did the company complete on August 11, 2022, involving Gentiva Hospice?

[Assistant] The company completed the sale of a 60% interest in Gentiva Hospice to Clayton, Dubilier & Rice.


[User] What percentage minority ownership does the company retain in Gentiva Hospice after the restructuring?

[Assistant] 35%


[User] How is Florida's total insurance medical membership detailed in the data for December 31, 2023?

[Assistant] Florida's total insurance medical membership includes 851.3 thousand for Individual Medicare Advantage, 9.1 thousand for Group Medicare Advantage, 131.9 thousand for Medicare stand-alone PDP, 17.5 thousand for Medicare Supplement, 656.6 thousand for State-based contracts and Other, 73.8 thousand for Fully-insured commercial Group and 24.5 thousand for ASO, totaling 1,764.7 thousand members.


[User] What types of arrangements does the company have with healthcare providers to influence where members seek care?

[Assistant] The company employs several techniques including contractual discounts, coordination of care, product and benefit designs, hospital inpatient management systems, use of analytics, and entering members into care management programs, to influence where members seek healthcare services.


[User] What typical reimbursement methods are used in the company's contracts with hospitals for inpatient and outpatient services?

[Assistant] The company typically contracts with hospitals on either a per diem rate for inpatient services or a case rate for diagnosis-related groups (DRG). For outpatient services, contracts are generally at a flat rate by type of service (APC) or at a discounted charge.


[User] How are most of the physicians within PPO networks reimbursed?

[Assistant] Most of the physicians within PPO networks are reimbursed based on a fixed fee schedule, which typically involves payment as a percentage of the standard Medicare allowable fee schedule.


[User] What percentage of the medical membership was covered under shared risk value-based arrangements at the end of 2023?

[Assistant] At the end of 2023, approximately 12.8% of the medical membership was covered under shared risk value-based arrangements.


[User] What is the primary type of membership for which risk is shared with providers under capitation contracts?

[Assistant] Primarily HMO membership is the type of membership for which risk is shared with providers under capitation contracts.


[User] What is included in the capitation payment to providers?

[Assistant] The capitation payment typically covers all or a defined portion of the benefits provided to the capped members.


[User] What were the book value and fair value of Gentiva Hospice’s corporate debt securities at December 31, 2023?

[Assistant] The book value was $379 million and the fair value was $398 million at December 31, 2023.


[User] What range of values did the weighted average cost of capital fall within as stated?

[Assistant] 11.0% to 12.5%


[User] What accounting treatment is applied to leases with an initial term of 12 months or less in terms of balance sheet recording and expense recognition?

[Assistant] Leases with an initial term of 12 months or less are not recorded on the balance sheet, and the lease expense for these leases is recognized on a straight-line basis over the lease term.


[User] When was IBM originally incorporated?

[Assistant] IBM was originally incorporated on June 16, 1911.


[User] What original companies formed IBM in 1911?

[Assistant] IBM was formed from the consolidation of the Computing Scale Co. of America, the Tabulating Machine Co., and The International Time Recording Co. of New York.


[User] When did IBM change its name from C-T-R to its current name?

[Assistant] IBM changed its name from C-T-R to International Business Machines Corporation in 1924.


[User] What are IBM's focus areas as mentioned in their business strategy?

[Assistant] IBM focuses on the intersection of business insight and technological innovation with a strong emphasis on hybrid cloud and artificial intelligence.


[User] What does IBM's hybrid cloud platform aim to achieve for clients?

[Assistant] IBM's hybrid cloud platform supports clients' digital transformations and helps them modernize applications to increase agility, drive innovation, and create operational efficiencies.


[User] How does IBM support its clients through its offerings?

[Assistant] IBM offers software and consulting services that deliver business outcomes, and maintains deep incumbency in mission-critical infrastructure, all supported by one of the world's leading research organizations.


[User] Can you name some of IBM's strategic partners?

[Assistant] IBM's strategic partners include Adobe, Amazon Web Services (AWS), Microsoft, Oracle, Salesforce, Samsung Electronics, and SAP, among others.


[User] What were the primary drivers behind the increase in income before tax as a percent to sales in the Innovative Medicine segment in 2023?

[Assistant] The increase in the income before tax as a percent to sales in the Innovative Medicine segment in 2023 was driven by lower one-time Covid-19 vaccine related exit costs, lower in-process research and development impairments, and leveraging in selling and marketing expenses, among other factors.


[User] What led to the decrease in the MedTech segment's income before tax as a percent to sales in 2023?

[Assistant] The decrease in the MedTech segment’s income before tax as a percent to sales in 2023 was primarily due to higher amortization expenses related to Abiomed and the expense for an acquired in process research and development asset from the Laminar acquisition, among other factors.


[User] What substantial impairment charge affected the fiscal year 2023’s financial results and how much was it?

[Assistant] A substantial impairment charge affecting fiscal year 2023’s financial results related to talc matters amounted to approximately $7.0 billion.


[User] What led to the respiratory syncytial virus (RSV) adult vaccine program's discontinuation?

[Assistant] The discontinuation of the respiratory syncytial virus (RSV) adult vaccine program was part of the R&D program exits primarily in infectious diseases and vaccines.


[User] What was the pre-tax restructuring charge for the year 2023?

[Assistant] The pre-tax restructuring charge for the fiscal year 2023 was approximately $0.5 billion.


[User] What were the primary sources and uses of cash that contributed to the $7.8 billion increase in cash and cash equivalents during 2023?

[Assistant] The primary sources of cash contributing to the $7.8 billion increase were cash generated from operating activities, net cash from investing activities, and net cash used by financing activities, along with effects of exchange rate and rounding.


[User] What was the fair market value of the Company's derivatives that could be affected by a 10% change in the US dollar according to estimates as of December 31, 2023?

[Assistant] $0.1 billion


[User] What sources of financing did the Company use to manage foreign exchange rate risks as of 2023?

[Assistant] Forward foreign exchange contracts and currency swap contracts


[User] For how many consecutive years had the Company increased its dividend by 2023?

[Assistant] 61 years


[User] What was the total comprehensive income for Johnson & Johnson in 2023?

[Assistant] $30,412 million


[User] How is diluted earnings per share (EPS) calculated for Equifax?

[Assistant] Diluted earnings per share (EPS) is calculated to reflect the potential dilution that would occur if stock options or other contracts to issue common stock were exercised and resulted in additional common shares outstanding.


[User] What kind of services does Equifax provide?

[Assistant] Equifax provides information solutions for businesses, governments and consumers, and human resources business process automation and outsourcing services for employers.


[User] What was the percentage of revenue generated by Equifax in the U.S. for the year ending December 31, 2023?

[Assistant] 77% of Equifax's revenue was generated in the U.S. for the year ending December 31, 2023.


[User] What are the primary sources of revenue for Equifax’s Workforce Solutions segment?

[Assistant] The primary sources of revenue for Equifax’s Workforce Solutions segment are transaction-based revenues from employment and income verification and criminal justice data, along with human resources business process outsourcing services.


[User] What caused the slight decline in Workforce Solutions revenue in 2023?

[Assistant] The slight decline in Workforce Solutions revenue was primarily caused by a decline in Verification Services revenue due to reduced mortgage activity, which was largely offset by growth in Employer Services revenue.


[User] How did foreign exchange rates affect the operating revenue in 2023 compared to 2022?

[Assistant] Foreign exchange rates decreased the operating revenue by $51.2 million, or 1%, in 2023 compared to 2022.


[User] How much did the interest expense increase in 2023 compared to 2022?

[Assistant] Increased due to higher interest rates and higher weighted average debt balances.


[User] What factors contributed to the rise in effective tax rate in 2022 compared to 2021?

[Assistant] It was primarily due to a higher foreign rate differential, driven by changes in the fair value of our investment in Brazil.


[User] What were the main reasons for the reduction in other income (expense), net in 2023?

[Assistant] The decrease was due to the non-recurring fair value adjustments and gains from equity sales that occurred in 2022, not recurring in 2023.


[User] What were the gains related to the fair value adjustments of investments in BVS during 2022?

[Assistant] A $13.3 million gain.


[User] What were the amortization expenses for Las Vegas Sands Corp.'s intangible assets for the years ending December 31, 2023, 2022, and 2021?

[Assistant] $67 million, $17 million, and $18 million respectively


[User] What was the interest rate for the 5.400% Senior Notes due in 2028 after accounting for unamortized original issue discount and deferred financing costs?

[Assistant] 5.400%


[User] What changes were made to the LVSC Revolving Credit Agreement according to the Fourth Amendment enacted on January 30, 2023?

[Assistant] The Fourth Amendment to the LVSC Revolving Credit Agreement on January 30, 2023, included changes such as determining consolidated adjusted EBITDA on a year-to-date annualized basis, extending the minimum liquidity requirement to December 31, 2023, and extending restrictions on dividends and distributions unless liquidity exceeds $1.0 billion on a pro forma basis after such distributions, to the same date.


[User] What was the increase in interest expense for Las Vegas Sands Corp. and subsidiaries due to the downgrades in the years 2023 and 2022, respectively?

[Assistant] The interest expense increased by $30 million and $16 million for the years 2023 and 2022, respectively, due to the downgrades.


[User] What are the new leverage and interest coverage ratios set by SCL under the amended and restated facility agreement as of January 2024?

[Assistant] As of January 2024, the new leverage ratio should not exceed 4.0x, and the interest coverage ratio should not be less than 2.5x.


[User] What was the total amount available to be drawn under the Singapore Delayed Draw Term Facility as of December 31, 2023?

[Assistant] $2.79 billion


[User] What was the amount of net earnings attributable to The Kroger Co. for the year ended January 28, 2023?

[Assistant] $2,244 million


[User] What was the average number of common shares used in the basic earnings per share calculation for The Kroger Co. in the year ending January 28, 2023?

[Assistant] 773 million shares


[User] What was the amount of dividends paid by the company in the year prior to the most recently reported period?

[Assistant] $589 million


[User] How many supermarkets does Kroger operate and in how many states?

[Assistant] Kroger operates 2,719 supermarkets across 35 states.


[User] What accounting method is predominantly used to determine inventory costs in the Company's supermarket divisions before LIFO adjustments?

[Assistant] The item-cost method is predominantly used to determine inventory costs in the Company's supermarket divisions before LIFO adjustments.


[User] What were the amounts recorded to increase the contingent consideration liability in OG&A expense for the years 2020, 2021, and 2022?

[Assistant] $189 in 2020, $66 in 2021, and $20 in 2022.


[User] How is the deferred revenue from gift cards recorded and recognized by the Company?

[Assistant] The Company records deferred revenue liability equal to the amount received from the sales of gift cards and recognizes revenue when the gift cards are redeemed to purchase the Company’s products.


[User] What was the amount of goodwill remaining for Vitacost.com at the end of January 2023?

[Assistant] $0


[User] What were the Company's effective income tax rates for the years 2020, 2021, and 2022?

[Assistant] The effective income tax rates for the Company were 23.2% in 2020, 18.8% in 2021, and 22.5% in 2022.


[User] What was the purpose of the Company's transaction involving the purchase and subsequent sale of properties in 2021?

[Assistant] The Company acquired 28 properties that were previously leased and then sold them to a third party. The transactions were aimed at asset management, as evidenced by the acquisition, subsequent sale for higher proceeds, and financial obligations recorded. The leases on these properties were structured with a base term and multiple option periods, indicating long-term use and flexibility in terms of property control.


[User] What is the main objective of AutoZone's Diversity, Equity, and Inclusion (DEI) initiatives?

[Assistant] The main objective of AutoZone's DEI initiatives is to influence and inform many parts of human capital management including talent acquisition, retention, professional development, and workforce management.


[User] What is the purpose of Z-net in AutoZone stores?

[Assistant] Z-net is AutoZone's proprietary electronic catalog that allows AutoZoners to efficiently look up necessary parts for customers and provide complete job solutions, advice, and information based on the year, make, model, and engine type of a vehicle. It also tracks inventory availability within the store, at nearby stores, and through special orders.


[User] How does AutoZone's Point-of-Sale System enhance customer service?

[Assistant] AutoZone's Point-of-Sale System incorporates bar code scanning and point-of-sale data collection terminals which enhances customer service by facilitating efficient transaction processing and providing administrative support.


[User] What are the primary goals of AutoZone's store management system?

[Assistant] AutoZone's store management system primarily aims to provide administrative assistance, enhanced merchandising information, and improved inventory control. It also simplifies warranty and product return procedures.


[User] What services does AutoZone's Loan-A-Tool program offer?

[Assistant] AutoZone's Loan-A-Tool program allows customers to borrow specialty tools needed for specific automotive jobs, such as a steering wheel puller, which might otherwise be unusable for the customer beyond a single use.


[User] What type of merchandising strategy does AutoZone employ to ensure customer satisfaction?

[Assistant] AutoZone employs a targeted merchandising strategy that includes tailoring store inventory to the specific vehicle profiles and demographics of the local area, ensuring prompt availability of desired automotive products.


[User] How does AutoZone utilize its digital platforms to provide customer service?

[Assistant] AutoZone utilizes digital platforms such as its website and a smartphone application to offer customers services like checking product availability, getting store directions and operating hours, and purchasing products with options for in-store pickup or direct shipping.


[User] What key factors influence AutoZone's decisions in opening new stores?

[Assistant] AutoZone considers factors like projected future profitability, meeting investment hurdle rates, local population, demographics, vehicle profiles, customer buying trends, and real estate costs when deciding to open new stores in new or existing markets.


[User] When did William R. Hackney rejoin the company as Senior Vice President, Merchandising before being promoted to Executive Vice President?

[Assistant] October 2022


[User] What role did Jennifer M. Bedsole hold before joining AutoZone?

[Assistant] Partner at Baker, Donelson, Bearman, Caldwell and Berkowitz P.C.


[User] What is the interest rate applicable to draws under the Term Loan as mentioned?

[Assistant] 5.46%


[User] What were the values of transaction and integration costs for each of the years provided in the data?

[Assistant] The transaction and integration costs were $0 for the initial years, $59 for one year, then $0, followed by $269, $91, $39, $269, $91, and $98 in subsequent years.


[User] What is the adjusted operating income for the year when the operating income was reported as $529?

[Assistant] The adjusted operating income for the year when the operating income was $529 was $709.


[User] What were the net interest expense on pre-acquisition-related debt and the cost associated with the extinguishment of senior notes for 2022 as part of non-GAAP adjustments?

[Assistant] For 2022, the net interest expense on pre-acquisition-related debt was $59 million, and the costs associated with the extinguishment of four series of senior notes were $30 million.


[User] How much was the impairment related to the CAT loan receivable in 2023?

[Assistant] The impairment related to the CAT loan receivable was $16 million in 2023.


[User] What financial impact would a 50% decrease in short-term interest rates have on the company's annual pre-tax earnings as of December 31, 2023?

[Assistant] A 50% decrease in short-term interest rates would decrease the company's annual pre-tax earnings by $15 million as of December 31, 2023.


[User] How much of the company's revenues, less transaction-based expenses, were denominated in pounds sterling or euros in 2023?

[Assistant] In 2023, 14% of the company's consolidated revenues, less transaction-based expenses, were denominated in pounds sterling or euros.


[User] What was the aggregate consideration paid by the Company for the acquisition of Black Knight, Inc. in 2023?

[Assistant] $11.8 billion


[User] What was the carrying amount of investments without readily determinable fair values as of December 31, 2023?

[Assistant] $86 million


[User] How does the company recognize revenue from its services?

[Assistant] The company recognizes revenue when promised goods or services are transferred to customers, in an amount reflecting the consideration expected in exchange for those goods or services.


[User] What is the operational name of the Indian Regional Navigation Satellite System used by Garmin?

[Assistant] NavIC


[User] What additional satellite systems do Garmin products utilize besides GPS?

[Assistant] GLONASS, Galileo, BeiDou, and others


[User] What type of satellite network is the Iridium, and how many satellites does it include?

[Assistant] A synchronized constellation of 66 low Earth orbit (LEO) satellites offering global data communication coverage


[User] What types of products are offered in Garmin's Fitness segment?

[Assistant] Running and multi-sport watches, cycling products, smartwatch devices, scales and monitors


[User] What unique features do Garmin smartwatches provide?

[Assistant] Wrist-based heart rate monitoring, AMOLED displays, ECG app, Garmin Pay, music storage capabilities


[User] What is Garmin Connect and what purpose does it serve?

[Assistant] A web and mobile platform where users can track and analyze their fitness, activities, and wellness data


[User] What capabilities does the Approach R10 portable launch monitor provide to its users?

[Assistant] Swing metrics including estimated carry and roll, club head speed, ball speed, smash factor, swing tempo, ability to play simulated rounds


[User] What are the Garmin adventure watches features depending on the model?

[Assistant] Wrist-based biometrics, sports apps, solar charging, music storage capabilities, preloaded full-color purpose-built adventure mapping, built-in LED flashlights, Garmin Pay


[User] What technology does Garmin use in their marine VHF radios and AIS transceivers?

[Assistant] Garmin's marine VHF radios and AIS transceivers include integrated GPS receivers and are NMEA 2000 compatible, with multi-station support and monitoring of all AIS channels.


[User] What are the characteristics of the Garmin quatix series wearable devices?

[Assistant] The Garmin quatix series wearable devices are GPS-enabled smartwatches with features tailored for mariners, such as navigation, sailing features, stereo control, autopilot functions, tidal info, a built-in LED flashlight, and solar charging depending on the model.


[User] What role does Hershey Trust Company intend to retain in relation to The Hershey Company?

[Assistant] Hershey Trust Company intends to retain its controlling interest in The Hershey Company.


[User] Who is responsible for the management and performance of The Hershey Company?

[Assistant] The Company's Board is solely responsible and accountable for the management and performance of The Hershey Company.


[User] What does Pennsylvania law require if there is a transaction that affects Hershey Trust Company's voting control of The Hersher Company?

[Assistant] Pennsylvania law requires that the Office of Attorney General be provided advanced notice of any transaction that would result in Hershey Trust Company no longer having voting control of the Company.


[User] What authority does the Attorney General have regarding transactions that affect the voting control of The Hershey Company?

[Assistant] The Attorney General has the statutory authority to intercede and petition the court to stop a transaction if it is unnecessary for the economic viability of the Company and inconsistent with fiduciary obligations.


[User] How does the specific legislation regarding the acquisition of voting stock affect The Hershey Company?

[Assistant] This legislation makes it more difficult for a third party to acquire a majority of the Company's outstanding voting stock, which may delay or prevent a change in control of the Company.


[User] What impact do changes in certain assumptions have on pension expense and benefit obligations?

[Assistant] Changes in certain assumptions like the long-term rate of return on plan assets and discount rates can significantly affect pension expense and benefit obligations.


[User] How is the expected long-term rate of return on plan assets determined?

[Assistant] The expected long-term rate of return on plan assets is evaluated annually considering factors such as asset allocation and historical and expected returns on types of plan assets. Adjustments are made based on actual asset allocations and regular rebalancing to meet targeted allocations.


[User] What is the effect of a 100 basis point decrease in the long-term rate of return on annual net periodic pension benefit expense?

[Assistant] A 100 basis point decrease in the long-term rate of return on pension assets would increase annual net periodic pension benefit expense by approximately $7 million.


[User] How does the use of a full yield curve approach in estimating pension costs affect the measurement of liabilities and expenses?

[Assistant] The use of a full yield curve approach in estimating pension costs provides a more precise measurement of service and interest costs and generally results in lower benefit expense in periods when the yield curve is upward sloping, although it does not affect the overall measurement of pension and other post-retirement benefit liabilities.


[User] What factors influence the determination of the discount rate for post-employment benefit plans?

[Assistant] The determination of the discount rate for post-employment benefit plans is influenced by factors similar to those used in pension plans, including the application of specific spot rates along the yield curve to relevant projected cash flows.


[User] How does the Company recognize revenue from prescription drugs sold by its retail pharmacy network?

[Assistant] The Company recognizes revenue at the point-of-sale, which is when the claim is adjudicated by the Company’s online claims processing system and control of the prescription drug has been transferred after performing all performance obligations.


[User] What are the factors considered in evaluating whether a decline in the fair value of a debt security is due to a change in the quality of the security itself?

[Assistant] The factors include whether the decline results from a change in the quality of the debt security itself, whether it's due to a downward movement in the market, and the prospects for realizing the carrying value based on the investment's current and short-term prospects for recovery.


[User] What results did the company's 2023 goodwill impairment test show for the Health Care Delivery reporting unit's goodwill?

[Assistant] The 2023 goodwill impairment test results indicated that there was no impairment of the Health Care Delivery reporting unit's goodwill, with the unit's fair value slightly exceeding its carrying value by about 9%.


[User] How were the fair values of the acquired businesses Signify Health and Oak Street Health used in assessing goodwill impairment in 2023?

[Assistant] The fair values of Signify Health and Oak Street Health were closely aligned with the carrying values of these businesses at the time of the 2023 goodwill impairment test, due to the acquisitions' proximity to the test date.


[User] What are the main categories of revenue listed in the Consolidated Statements of Operations for the years ended December 31, 2021, 2022, and 2023?

[Assistant] The main categories of revenue listed are Products, Premiums, and Services.


[User] What were the net purchase amounts of treasury shares for the years ended December 31, 2022, and 2023?

[Assistant] The net purchase amounts of treasury shares were $(3,685) million in 2022 and $(1,992) million in 2023.


[User] As of December 31, 2023, how many retail locations did the Pharmacy & Consumer Wellness segment operate?

[Assistant] More than 9,000


[User] What are the useful life ranges for buildings, building improvements, leasehold improvements, fixtures, equipment, and internally developed software?

[Assistant] Buildings, building improvements, and leasehold improvements typically have a useful life ranging from 1 to 40 years, while fixtures, equipment, and internally developed software generally have a useful life ranging from 3 to 10 years.


[User] What is the primary focus of DaVita Inc.?

[Assistant] DaVita Inc. is primarily focused on transforming care delivery to improve the quality of life for patients globally.


[User] How many outpatient dialysis centers does DaVita operate internationally as of December 31, 2023?

[Assistant] As of December 31, 2023, DaVita operates 367 outpatient dialysis centers internationally.


[User] What measures is The Hershey Company taking to ensure sufficient liquidity during economic downturns?

[Assistant] The Hershey Company evaluates and takes necessary actions to preserve adequate liquidity and ensure effective operation, including monitoring discretionary spending and focusing on strategic initiatives.


[User] How did net sales at The Hershey Company in 2023 compare with those in 2022?

[Assistant] In 2023, The Hershey Company's net sales were $11,165.0 million, an increase of $745.7 million or 7.2% from 2022, where net sales totaled $10,419.3 million.


[User] What drove the increase in cost of sales for The Hershey Company from 2022 to 2023?

[Assistant] The cost of sales for The Hershey Company increased by $246.7 million in 2023 due to higher supply chain costs, such as labor and unfavorable mark-to-market activity on commodity derivatives, partially offset by favorable supply chain productivity and price realization.


[User] What impact did geopolitical events have on The Hershey Company's outlook for potential economic or supply chain disruptions?

[Assistant] Geopolitical events, including the ongoing conflict between Russia and Ukraine, raised concerns about potential economic or supply chain disruptions and broader inflationary costs, which could materially affect The Hershey Company's operations.


[User] What factors contributed to the increase in gross margin for the company in 2023?

[Assistant] The increase in gross margin in 2023 was driven by favorable price realization and increased supply chain productivity. This was partially offset by unfavorable results from commodity derivative instruments and higher costs like labor and waste.


[User] What were the main components of the increased cost of sales in 2022 compared to 2021?

[Assistant] The increase in cost of sales in 2022 was mainly due to $767.7 million of unfavorable costs driven by higher sales volume and higher supply chain inflation costs, including logistics and labor.


[User] What caused the drop in gross margin in 2022 from 2021 levels?

[Assistant] The gross margin drop in 2022 was primarily caused by negative mark-to-market impacts from commodity derivative instruments and increased supply chain inflation, including higher logistics and labor costs. These were partially offset by favorable price realizations and volume increases.


[User] What drove the increase in SM&A expenses in 2023?

[Assistant] The SM&A expenses in 2023 increased primarily due to higher corporate expenses and a 12.2% rise in advertising expenses in North America.


[User] What was the primary purpose of the business realignment activities that led to costs in recent years?

[Assistant] The primary purpose of the business realignment activities, which led to costs in recent years, was to improve operational efficiency in China through the International Optimization Program.


[User] What factors contributed to the increase in operating profit in 2023?

[Assistant] The increase in operating profit in 2023 was predominantly due to higher gross profit, despite being partially offset by higher SM&A expenses.


[User] What are the primary regulatory authorities that supervise and regulate JPMorgan Chase in the U.S.?

[Assistant] The primary regulatory authorities in the U.S. that supervise and regulate JPMorgan Chase include the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, and the Financial Industry Regulatory Authority.


[User] What restrictions does the Bank Holding Company Act impose on JPMorgan Chase?

[Assistant] The Bank Holding Company Act restricts BHCs from engaging in business activities other than the business of banking and certain closely-related activities. FHCs are permitted to engage in a broader range of financial activities.


[User] What is the proposed effective date for the revised risk-based capital requirements for banks with assets of $100 billion or more in the U.S.?

[Assistant] July 1, 2025


[User] What are the proposed effective dates for implementing the Basel III frameworks in the EU and U.K.?

[Assistant] January 1, 2025, in the EU and July 1, 2025, in the U.K.


[User] Until when are the transitional arrangements for Basel III frameworks in the EU and U.K. applicable?

[Assistant] The transitional arrangements are applicable until 2030 in the EU and 2032 in the U.K.


[User] What are the requirements for JPMorgan Chase as a large Bank Holding Company (BHC) under the Federal Reserve's CCAR framework?

[Assistant] JPMorgan Chase must conduct annual company-run stress tests, submit an annual capital plan considering separate stress tests by the Firm and the Federal Reserve, and file its annual CCAR submission on April 5, 2024.


[User] By what date will the Federal Reserve notify JPMorgan Chase of its final Stress Capital Buffer (SCB) requirement for 2024?

[Assistant] August 31, 2024


[User] What are the rules regarding resolution planning by the OCC for JPMorgan Chase Bank, N.A.?

[Assistant] JPMorgan Chase Bank, N.A. is required to prepare and submit a recovery plan annually as directed by the OCC and submit a separate resolution plan pursuant to the FDIC's IDI Resolution Rule.


[User] What is the requirement regarding the FDIC's deposit insurance reserve ratio and its statutory minimum as of October 2022?

[Assistant] The FDIC is required to maintain a deposit insurance reserve ratio of at least 1.35%, and a final rule was adopted in October 2022 to raise bank assessments to meet this statutory minimum by September 30, 2028.


[User] What actions is the FDIC authorized to undertake upon the insolvency of JPMorgan Chase Bank, N.A.?

[Assistant] Upon insolvency, the FDIC could be appointed as conservator or receiver for JPMorgan Chase Bank, N.A., with broad powers to transfer assets and liabilities without creditor approval.


[User] What techniques are used to determine the fair value of assets and liabilities when the market value is not readily available?

[Assistant] Various techniques including the income approach, using significant estimates such as the amount and timing of future cash flows, growth rates, discount rates, and useful lives.


[User] How often are goodwill impair and what events might trigger an additional review?

[Assistant] Goodwill is reviewed for impairment annually in the fourth quarter and also upon the occurrence of triggering events.


[User] What method is used to evaluate the fair value of Kroger Specialty Pharmacy's reporting unit?

[Assistant] Multiple valuation techniques including a discounted cash flow model, a market multiple model, and a comparable mergers and acquisition model.


[User] What factors are considered when projecting future cash flows for goodwill impairment reviews?

[Assistant] Projected future cash flows are based on management's knowledge of the current operating environment, inflation, business valuations, the economy, market competition, and the integration of recently acquired businesses.


[User] What were the reasons behind the goodwill impairment charge for Vitacost.com in 2022?

[Assistant] The impairment was due to reduced long-term profitability expectations and a decline in the market value of one underlying business channel, following a strategic reprioritization towards utilizing Pickup and Delivery capabilities.


[User] What is the financial impact of multi-employer pension plans on the entity as of the end of 2022?

[Assistant] The entity contributed $620 million in 2022 and estimates its share of the total underfunding of these plans as approximately $2.5 billion.


[User] What is the projected duration for pension benefits payment according to the ARP Act for eligible multi-employer plans?

[Assistant] Through the plan year ending 2051


[User] By how much did total debt, including obligations under finance leases, increase at the end of 2022 compared to 2021?

[Assistant] $14 million


[User] How much did the company spend on open market purchases of common shares in 2022?

[Assistant] $821 million


[User] What was the cash change related to changes in operating assets and liabilities, including working capital, in 2022?

[Assistant] $3.2 billion


[User] What authority does the Macao government have over VML's recapitalization plans?

[Assistant] The Macao gaming authorities must approve any recapitalization plan proposed by VML's Board of Directors.


[User] What can the Chief Executive of Macao require from VML regarding its share capital?

[Assistant] The Chief Executive of Macao can require VML to increase its share capital if deemed necessary.


[User] How does the Macao government influence the annual execution proposals submitted by VML?

[Assistant] The Macao government decides on the approval of VML's annual execution proposals, requesting adjustments to the projects, investment amounts, and schedules as needed.


[User] What are VML's reporting obligations regarding the execution of development projects under the Concession?

[Assistant] VML must submit regular progress reports every two months and exceptional detailed reports as requested by the Macao government, especially if a project's normal progress is compromised.


[User] What is the minimum project cost for the development described in the Second Development Agreement involving MBS?

[Assistant] SGD 4.5 billion


[User] When must MBS give notice to the STB to renew the casino concession and what is the deadline for the expiration of the current concession?

[Assistant] MBS must give notice to the STB at least five years before the concession's expiration in August 2036.


[User] By what amount did the casino taxes for premium and mass players increase on March 1, 2022?

[Assistant] From 5% to 8% for premium players and from 15% to 18% for mass players.


[User] What features will the development from the Second Development Agreement contain?

[Assistant] The development will include a hotel tower with luxury rooms and suites, a rooftop attraction, convention and meeting facilities, and a live entertainment arena with approximately 15,000 seats.


[User] What is the casino license renewal term for MBS and when is it set to expire?

[Assistant] The casino license renewal term for MBS is three years, and it is set to expire in April 2025.


[User] What are the time periods and corresponding fees outlined in the Second Development Agreement?

[Assistant] The Second Development Agreement specifies fees of SGD 150 for a 24-hour period and SGD 3,000 for a 12-month period.


[User] What sources contribute to Ford Credit’s liquidity as of December 31, 2023, and what was their total value?

[Assistant] Cash, committed asset-backed facilities, and unsecured credit facilities, totaling $56.2 billion.


[User] What elements define Ford Credit's balance sheet liquidity profile?

[Assistant] The cumulative maturities of its finance receivables, investment in operating leases, and cash, less the cumulative debt maturities over upcoming annual periods.


[User] What was the funded status of the pension plans in billions of dollars at year-end 2023?

[Assistant] $2.1 billion overfunded


[User] What were the year-end discount rates for U.S. and Non-U.S. pension plans in 2023?

[Assistant] 5.17% for U.S. plans and 3.98% for Non-U.S. plans


[User] By how much did actual asset returns vary between U.S. and Non-U.S. pension plans in 2023?

[Assistant] Actual asset returns were -21.20% for U.S. plans and -25.40% for Non-U.S. plans.


[User] What is the expected range for Ford's adjusted EBIT in the full year of 2024?

[Assistant] $10 billion to $12 billion


[User] How much does Ford anticipate generating in adjusted free cash flow for 2024?

[Assistant] $6 billion to $7 billion


[User] What are the anticipated 2024 EBIT contributions for the Ford Pro and Ford Blue segments?

[Assistant] Ford Pro EBIT is expected to be between $8 billion and $9 billion, while Ford Blue's projected EBIT ranges from $7 billion to $7.5 billion.


[User] What are some of the items excluded from the guidance for adjusted EBIT according to the company's financial reporting?

[Assistant] The guidance for adjusted EBIT excludes significant special items such as gains and losses on pension and OPEB remeasurements and on investments in equity securities.


[User] How is the Company Adjusted EBIT Margin calculated?

[Assistant] Company Adjusted EBIT Margin is calculated by dividing Company adjusted EBIT by Company revenue.


[User] What advanced features does Garmin’s SailAssist include?

[Assistant] Garmin's SailAssist features include an enhanced wind rose with true and apparent wind data, POLAR tables, pre-race guidance, synchronized race timer, virtual starting line, time to burn, and lay line data fields.


[User] What types of audio products does Garmin's Fusion and JL Audio brands offer?

[Assistant] Garmin's audio brands, Fusion and JL Audio, offer head units, speakers, amplifiers, subwothers, and other audio components, designed for marine, powersports, aftermarket automotive, home, or RV environments, supporting various connectivity options.


[User] Describe the Garmin EmpirBus digital switching products.

[Assistant] Garmin's EmpirBus line features digital switching products that provide power distribution and control solutions for marine and RV applications, enabling smart electrical systems with advanced logic controls, and customizable graphics user interfaces controlled through Garmin’s marine MFDs and RV OEM products.


[User] What are the characteristics of Garmin’s Force Trolling Motors?

[Assistant] The Force Trolling Motor series from Garmin features powerful, efficient motors with built-in CHIRP, Ultra High-Definition ClearVü, and SideVü sonar. They include models like the Force Kraken, have up to a 90” shaft, smaller mounting footprint and connect wirelessly to Garmin chartplotters/MFDs for navigation, autopilot, and anchor lock features.


[User] What is Garmin’s strategy to be the provider of infotainment solutions in the automobile industry?

[Assistant] Garmin is a tier-one supplier of infotainment solutions, offering a range of integrated multi-display platforms for premium audio and multimedia, navigation, cameras, and other automotive connectivity features, intended for premium vehicle manufacturers.


[User] How does Garmin support its sales and marketing efforts?

[Assistant] Garmin supports its sales and marketing efforts through a diverse network of sales channels, direct selling via its online webshop, and subscriptions for connected services. They also provide marketing support from their global offices.


[User] How does Garmin manage to maintain product quality?

[Assistant] Garmin maintains product quality through advanced production processes, which provide consistent reliability and allow them to implement strict process and quality control of products manufactured.


[User] What benefits does Garmin see from its vertically integrated manufacturing capabilities?

[Assistant] Garmin’s vertically integrated manufacturing helps optimize design, reduce manufacturing costs, enhance product quality, and enable faster time to market. It allows resource sharing across different product lines, often resulting in lower production costs and enhanced scalability.


[User] What types of competitive factors does Garmin believe are important in its markets?

[Assistant] Garmin considers the main competitive factors to be design, functionality, quality and reliability, customer service, brand reputation, price, time-to-market, and product availability.


[User] What are the potential risks faced by Garmin due to its reliance on single or limited suppliers for key components?

[Assistant] Garmin faces supply and pricing risks due to its reliance on single or limited suppliers for certain key components, which also limits its near-term flexibility to switch suppliers if needed.


[User] What tax exemptions has the Macao government granted for casino game profits, and what are their durations?

[Assistant] The Macao government granted an exemption from corporate income tax on profits from the operation of casino games from January 1, 2019, to June 26, 2022, then extended from June 27, 2022, to December 31, 2022, and further extended to cover January 1, 2023, through December 31, 2027.


[User] How is the impairment of assets assessed for projects still under development?

[Assistant] For assets still under development, impairment is assessed by grouping them with their asset group. Future cash flows, including remaining construction costs, are estimated and compared to the carrying value to assess impairment.


[User] What does Note 6 in the consolidated financial statements of Las Vegas Sands Corp. refer to?

[Assistant] Accounts Receivable, Net


[User] What was the net income (loss) attributable to Las Vegas Sands Corp. for the year 2023?

[Assistant] $1.60


[User] What were Las Vegas Sands Corp.'s cash equivalents and restricted cash and cash equivalents at the end of 2023?

[Assistant] $6,436 million


[User] What is the seating capacity of the theater at the Parisian Macao?

[Assistant] 1,200 seats


[User] What factors could affect the collectability of receivables from casino patrons according to the company's assessment?

[Assistant] Business or economic conditions, the legal enforceability of gaming debts, foreign currency control measures, and other significant events in foreign countries could affect the collectability of receivables from patrons residing in these countries.


[User] What does a contract need to include to be considered a lease under the described financial standards?

[Assistant] A contract is considered a lease if it conveys the right to control the use of an identified asset for a period in exchange for consideration. Control includes the lessee having the rights to obtain substantially all economic benefits from the use of the asset and to direct the use of the asset.


[User] What were the terms of termination for the Contingent Lease Support Agreement between the Company and OpCo?

[Assistant] The Contingent Lease Support Agreement between the Company and OpCo was terminated on January 31, 2023, pursuant to its terms, and neither party had any further liability or obligation following the termination.


[User] What was the total balance of accounts receivable for Las Vegas Sands Corp. on December 31, 2023, after accounting for the provision for credit losses?

[Assistant] $484 million


[User] What was the percentage change in impairment of goodwill for Hewlett Packard Enterprise between fiscal 2022 and 2023?

[Assistant] Decreased by 100%


[User] How much did Hewlett Packard Enterprise's R&D expenses increase in fiscal 2023?

[Assistant] $304 million


[User] What was the effective income tax rate for Hewlett Packard Enterprise in fiscal 2023?

[Assistant] 9.2%


[User] What was the amount of income tax benefits related to capital losses utilized by HP in fiscal 2021?

[Assistant] $27 million


[User] How much income tax benefit did HP receive from the US tax return filing in fiscal 2021?

[Assistant] $12 million


[User] What was the total net income tax benefit HP received related to foreign tax audit matters?

[Assistant] $11 million


[User] What financial metric for HPC & AI increased by 22.6% in fiscal 2023 compared to the previous year?

[Assistant] Net revenue


[User] What was the percentage increase in Intelligent Edge net revenue in fiscal 2023 compared to fiscal 2022?

[Assistant] 41.6%


[User] By how much did product revenue increase in fiscal 2023 for Intelligent Edge?

[Assistant] $1,387 million


[User] What factors led to the increase in Intelligent Edge earnings from operations as a percentage of net revenue?

[Assistant] The increase was primarily due to decreases in cost of products and services as a percentage of net revenue and operating expenses as a percentage of net revenue.


[User] By what year does FedEx aim to achieve 30% of its annual jet fuel usage from alternative fuels?

[Assistant] 2030


[User] How much did FedEx Express improve its vehicle fleet efficiency from a 2005 baseline by 2022?

[Assistant] 40%


[User] What percentage of FedEx-branded cardboard packaging contains recycled content?

[Assistant] 36%


[User] What types of overnight package delivery services does FedEx Express offer in the U.S.?

[Assistant] FedEx Express offers three types of U.S. domestic overnight package delivery services: FedEx First Overnight, FedEx Priority Overnight, and FedEx Standard Overnight.


[User] What is the typical delivery timeframe for FedEx International Economy?

[Assistant] FedEx International Economy typically provides time-definite delivery in two to five business days.


[User] How many countries and territories can FedEx International Priority service reach, and what is the delivery timeframe?

[Assistant] FedEx International Priority service provides end-of-day time-definite delivery in one to three business days to more than 220 countries and territories.


[User] What were the changes implemented by FedEx Express regarding their fuel surcharge tables in 2022 and 2023?

[Assistant] Effective April 4, 2022, FedEx Express updated the tables used to determine U.S. domestic fuel surcharges, and effective January 30, 2023, they updated the tables for certain international fuel surcharges.


[User] What are the retail locations where customers can drop off their packages for FedEx?

[Assistant] Customers can drop off their packages at nearly 17,000 Walgreens, Dollar General, and Albertsons stores.


[User] What percentage of FedEx Corporation's consolidated revenues did jet fuel costs represent in 2023?

[Assistant] 5.0%


[User] How does FedEx Express primarily fulfill its jet fuel needs?

[Assistant] FedEx Express purchased jet fuel from various suppliers under contracts that vary in length and which provide for estimated amounts of fuel to be delivered. These contracts are purchased at market prices.


[User] What financial amount did the Company agree to in order to settle the opioids-related lawsuits as announced on November 15, 2022?

[Assistant] $3.1 billion


[User] What action did the FTC take against the Company in relation to its money transfer services on June 28, 2022?

[Assistant] On June 28, 2022, the FTC filed a complaint against the Company in the U.S. District Court for the Northern District of Illinois, alleging violations of the Federal Trade Commission Act and the Telemarketing Sales Rule regarding its money transfer services, and requested non-monetary relief and civil penalties.


[User] What does the forward-looking terminology in financial documents imply?

[Assistant] Forward-looking terminology in financial documents implies projections about future circumstances or events, using terms like 'believes,' 'expects,' 'may,' and 'anticipates.'


[User] Why should forward-looking statements not be relied upon as predictions of future events according to the document?

[Assistant] Forward-looking statements should not be relied upon as predictions of future events because the actual events or circumstances may differ materially from those projected in the statements.


[User] What factors might cause AMD's actual results to differ from its forward-looking statements?

[Assistant] Factors that could cause AMD's actual results to differ from its forward-looking statements include possible impact of future accounting rules, demand for AMD's products, AMD's strategy and benefits, the competitive landscape, international sales expectations, financing availability, legal liabilities, information security costs, revenue collection prospects, and legal or regulatory changes affecting technology.


[User] What are the five strategic pillars of AMD's business strategy?

[Assistant] The five strategic pillars of AMD's business strategy are: extend leadership in foundational technology and IP, provide competitive software, tools and open-source enablement, re-use core technology across platforms to achieve economies of scale, build effective ecosystems with disciplined partnerships, and drive customer-centric go-to-market that leverages all of AMD’s capabilities.


[User] What types of products does AMD offer in its data center computing solutions portfolio?

[Assistant] AMD's data center computing solutions portfolio includes CPUs, GPUs, DPUs, SmartNICs, FPGAs, AI accelerators, and Adaptive SoCs.


[User] In what markets is AMD a leader in adaptive and embedded computing products?

[Assistant] AMD is a leader in adaptive and embedded computing products for markets including health care, automotive, industrial, storage, and networking.


[User] What performance features do AMD’s GPUs provide for gaming?

[Assistant] AMD’s GPUs, including discrete GPUs and semi-custom SoC products, work together with software to power immersive gaming experiences for personal PCs, handheld PCs, the latest game consoles, and cloud gaming services.


[User] What types of CPUs does AMD currently offer for server platforms?

[Assistant] AMD currently offers the AMD EPYC Series processors, including the AMD EPYC 9004 Series, AMD EPYC 8004 Series, AMD EPYC 7003 Series, and AMD EPYC 7002 Series for server platforms.


[User] How much in dividends was recorded against retained earnings in 2023?

[Assistant] $305 million


[User] What was the total amount of the other non-cancellable contractual obligations at the end of 2023?

[Assistant] $724 million


[User] How much did the variable portion of the Macao gaming annual premium amount to in 2023?

[Assistant] approximately $691 million


[User] What is the rate for the Singapore Swap Offer Rate as of December 31, 2023?

[Assistant] 3.62%


[User] What are the total expected operational and capital expenditures under the Macao Concession through 2032?

[Assistant] approximately $3.76 billion


[User] What are the key phrases used to identify forward-looking statements related to the company or management?

[Assistant] The key phrases used to identify forward-looking statements related to the company or management include 'anticipates', 'believes', 'estimates', 'seeks', 'expects', 'plans', 'intends', 'remains', 'positions', and similar expressions.


[User] What factors may cause actual results of the company to differ materially from those in the forward-looking statements?

[Assistant] Factors that may cause actual results to differ materially from those in the forward-looking statements include known and unknown risks, uncertainties, and other factors beyond the company's control.


[User] What measures does the company take to communicate material financial information to investors and the public?

[Assistant] The company uses various channels to communicate material financial information including their investor relations website, company website, SEC filings, investor events, news releases, public conference calls, and webcasts.


[User] How are the estimated useful lives of assets adjusted and reviewed?

[Assistant] The estimated useful lives of assets are periodically reviewed and, if necessary, adjusted on a prospective basis.


[User] What process is followed when impairment indicators for fixed assets are identified?

[Assistant] Fixed assets are reviewed for impairment when indicators of impairment exist. If an indicator is present, assets and liabilities are grouped at the lowest level where cash flows are largely independent. Impairment is measured if undiscounted cash flows do not exceed the carrying value by comparing the fair value to the carrying value.


[User] What is Kroger's employment size and its view on human capital as of early 2023?

[Assistant] As of January 28, 2023, Kroger employed nearly 430,000 full- and part-time employees, focusing on creating supportive work environments and enhancing its diverse workforce.


[User] How much does Kroger plan to invest in training its associates in 2023?

[Assistant] Kroger expects to spend approximately $175 million on training its associates in 2023 through various programs including onboarding and leadership development.


[User] What benefits does Kroger offer to promote further education among its associates?

[Assistant] Kroger offers a tuition reimbursement benefit that provides up to $3,500 annually, totaling $21,000 over the span of employment, for continuing education such as certifications and degrees.


[User] How has Krover managed its climate impact as part of its ESG strategy?

[Assistant] Kroger has focused on operational efficiency, renewable energy, and new technologies to manage climate impacts, aligning its goals with the Paris Agreement and resetting GHG emissions targets according to Science Based Targets initiative.


[User] What functional responsibility does Mary E. Adcock have at Kroger?

[Assistant] Mary E. Adcock is responsible for retail operations and the oversight of all Kroger retail divisions.


[User] How long has Stuart W. Aitken been serving as Senior Vice President at Kroger before his current position?

[Assistant] Stuart W. Aitken served as Senior Vice President since February 2019.


[User] What previous role did Gabriel Arreaga hold before joining Kroger?

[Assistant] Gabriel Arreaga served as Senior Vice President of Supply Chains for Mondelez before joining Kroger.


[User] In what year did Yael Cosset begin his current role as Senior Vice President and Chief Information Officer at Kroger?

[Assistant] In May 2019.


[User] What did Carin L. Fike do at Kroger before becoming Vice President and Treasurer?

[Assistant] Before becoming Vice President and Treasurer, Carin L. Fike served as Assistant Treasurer and Director of Investor Relations at Kroger.


[User] When was Kenneth C. Kimball appointed as Senior Vice President at Kroger?

[Assistant] Kenneth C. Kimball was elected Senior Vice President in March 2022.


[User] Who owns the patents related to DARZALEX and what is their relationship with Janssen Biotech, Inc.?

[Assistant] Genmab A/S owns the patents related to DARZALEX, and Janssen Biotech, Inc. has an exclusive license to these patent families.


[User] What percentage of global employees at the Company participated in the Our Credo Survey in 2023?

[Assistant] 94%


[User] What was the voluntary turnover rate at the Company in 2023?

[Assistant] 7%


[User] What constitutional rights does Janssen claim the Inflation Reduction Act violates?

[Assistant] First Amendment and the Fifth Amendment


[User] What legal measures could manufacturers face if they fail to comply with the Inflation Reduction Act's provisions?

[Assistant] Various penalties, including civil monetary penalties


[User] What strategies are outlined in the Company's human capital management?

[Assistant] Attracting and recruiting the best talent, Developing and retaining talent, Empowering and inspiring talent


[User] What principles guide the Company employees worldwide?

[Assistant] Our Credo


[User] What is the content source for the information requested by Item 3 concerning Legal Proceedings?

[Assistant] The content source for the information requested by Item 3 concerning Legal Proceedings is Note 19 of the Notes to Consolidated Financial Statements.


[User] What is the relationship between Items 3 and 8 in terms of information flow?

[Assistant] The relationship involves Item 3 using information from Note 19 included in Item 8, incorporating it by reference to provide details on Legal Proceedings.


[User] What was the percentage decline in infectious disease products sales in 2023?

[Assistant] 18.9%


[User] Why was the share repurchase program paused during the third quarter of 2022?

[Assistant] To prioritize de-leveraging following the proposed merger with Albertsons.


[User] How much were cash dividends paid per common share in 2022 and 2021?

[Assistant] $0.94 in 2022 and $0.78 in 2021


[User] What was the total sum of financial obligations listed for 2027 as of January 28, 2023?

[Assistant] $2,210 million


[User] What were the operational plans for the funds under the 1999 Repurchase Program?

[Assistant] To repurchase common shares to reduce dilution from employee stock options and long-term incentive plans, limited to proceeds from exercises of stock options and related tax benefits.


[User] What is the maximum daily borrowing capacity under the commercial paper program as of January 2023?

[Assistant] $2.75 billion


[User] What would be the potential minimum daily borrowing capacity under the commercial paper program if the company's credit rating were to fall?

[Assistant] $500 million


[User] How does a downgrade in the company's Public Debt Rating affect its interest costs?

[Assistant] A downgrade in the company's Public Debt Rating could increase the interest cost and applicable margin on borrowings under the company's credit facility.


[User] What is the leverage ratio requirement under the company's financial covenant as of January 28, 2023?

[Assistant] The leverage ratio requirement was 1.34 to 1 as defined in the company's financial covenant.


[User] What is the maximum leverage ratio allowed before default under the company's credit facility?

[Assistant] 3.50 to 1


[User] What is the expiration date of the company's revolving credit facility, unless extended?

[Assistant] July 6, 2026


[User] What were the gross margin rates as a percentage of sales in 2022 and 2021?

[Assistant] In 2022, the gross margin rate was 21.43% and in 2021, it was 22.01%.


[User] What were the FIFO gross margin rates in 2022 and 2021?

[Assistant] The FIFO gross margin rates were 21.86% in 2022 and 22.15% in 2021.


[User] What were the OG&A expenses as a percentage of sales in 2022 and 2021?

[Assistant] OG&A expenses as a percentage of sales were 16.09% in 2022 and 16.83% in 2021.


[User] What was the rent expense as a percentage of sales in 2022 and 2021?

[Assistant] The rent expense as a percentage of sales was 0.57% in 2022 and 0.61% in 2021.


[User] What was the operating profit as a percentage of sales in 2022 and 2021?

[Assistant] The operating profit as a percentage of sales was 2.78% in 2022 and 2.52% in 2021.


[User] By how much did adjusted net earnings per diluted share increase in 2022 compared to 2021?

[Assistant] 14.9%


[User] What factors contributed to the increase in adjusted net earnings per diluted share in 2022?

[Assistant] The increase resulted primarily from increased FIFO operating profit, excluding fuel, increased fuel earnings, and lower weighted average common shares outstanding due to common share repurchases, partially offset by a higher LIFO charge and higher income tax expense.


[User] What items are excluded and added back when calculating adjusted operating profit for ROIC purposes?

[Assistant] When calculating adjusted operating profit for ROIC, certain items included in operating profit are excluded, and LIFO charge, depreciation, amortization, and rent are added back for calculation purposes.


[User] How is average invested capital calculated for ROIC?

[Assistant] Average invested capital is calculated as the sum of the average of total assets, the average LIFO reserve, and the average accumulated depreciation and amortization, minus the average taxes receivable, the average trade accounts payable, the average accrued salaries and wages, and the average other current liabilities, excluding accrued income taxes.


[User] What critical accounting estimates most significantly affect the impairment calculation of long-lived assets?

[Assistant] Future cash flow projections are the most significant estimates affecting the impairment calculation of long-lived assets. These projections include assumptions on variables such as inflation, the economy, and market competition.


[User] What role does Iron Mountain's ALM services play in IT asset management?

[Assistant] Iron Mountain's Asset Lifecycle Management (ALM) services provide end-to-end asset lifecycle services for hyperscale, corporate data center, and corporate end-user device assets, focusing on secure logistics, data sanitization, and asset refurbishment for value recovery.


[User] What is the overall revenue generated by Iron Mountain's storage offerings and related services in 2023?

[Assistant] $5.5 billion


[User] What percentage of Iron Mountain's revenue comes from a single customer in 2023?

[Assistant] no more than approximately 1%


[User] How many countries does Iron Mountain operate in as of the end of 2023?

[Assistant] 60 countries


[User] What is the total leasable capacity of Iron Mountain's Global Data Center Business as of December 31, 2023?

[Assistant] 250 MW


[User] What percentage of Iron Mountain's U.S. electricity use was green power as of October 2023?

[Assistant] 94%


[User] What was Iron Mountain's physical records retention rate approximately 15 years after entry into their facilities?

[Assistant] more than 50%


[User] How much did Iron Mountain spend on supplier diversity in fiscal 2023?

[Assistant] $70 million


[User] What recognition did Bill Meaney receive from Comparably in 2023?

[Assistant] Bill Meaney was named among the best CEOs for diversity in a large company.


[User] What awards did Iron Mountain receive from Comparably in 2023?

[Assistant] Iron Mountain was named among the Best Companies for Women and Best Companies for Diversity.


[User] What were the primary drivers for changes in gross margin in fiscal year 2023?

[Assistant] The primary drivers for the increased gross margin in fiscal year 2023 were a mix shift towards Printing, lower commodity and logistics costs in Personal Systems, partially offset by foreign currency impacts and competitive pricing.


[User] What caused the decrease in the company's net revenue in fiscal year 2023?

[Assistant] The decrease in net revenue in fiscal year 2023 was mainly due to demand softness and foreign currency impacts in both Personal Systems and Printing, along with lower average selling prices in Personal Systems.


[User] How did R&D expenses change in fiscal year 2023, and what were the reasons?

[Assistant] R&D expenses decreased by 4.5% in fiscal year 2023, mainly due to disciplined cost management and higher R&D partner funding, partially offset by the Poly acquisition.


[User] What legislative act in the United States established a new corporate alternative minimum tax of 15% on large corporations?

[Assistant] The Inflation Reduction Act of 2022


[User] How much did the commercial Personal Systems revenue change in the fiscal year 2023 compared to the previous year?

[Assistant] Decreased by 16.6%


[User] What is the Corporate Alternative Minimum Tax rate established by the Inflation Reduction Act?

[Assistant] 15%


[User] What was the change in net revenue for the Consumer Printing unit in the fiscal year 2023?

[Assistant] Decreased by 17.9%


[User] What were the primary factors that led to the decline in gross margin for fiscal year 2023?

[Assistant] The decline in gross margin in fiscal year 2023 was primarily driven by competitive pricing and foreign currency impacts.


[User] Why did operating expenses as a percentage of revenue decrease in fiscal year 2023?

[Assistant] Operating expenses as a percentage of revenue decreased primarily due to lower variable compensation and disciplined cost management including Future Ready transformation savings.


[User] What was the primary reason for the loss from operations in the Corporate Investments division for fiscal year 2023?

[Assistant] The loss from operations in the Corporate Investments division for fiscal year 2023 was primarily due to expenses associated with incubation projects.


[User] What legislative act requires federal banking regulators to take prompt corrective action with regards to capital adequacy standards?

[Assistant] The Federal Deposit Insurance Corporation Improvement Act of 1991


[User] By when is JPMorgan Chase required to submit its next "targeted" resolution plan under the Dodd-Frank Act?

[Assistant] July 1, 2027


[User] When does the rule requiring JPMorgan Chase & Co. to act as a source of strength for its subsidiary banks become effective?

[Assistant] It is an ongoing requirement


[User] What threshold of assets makes JPMorgan Chase Bank, N.A. subject to the FDIC's IDI Resolution Rule for resolution plan preparation?

[Assistant] $100 billion or more in total assets


[User] What are the consequences for JPMorgan Chase & Co. under the Federal Reserve's rules if its bank subsidiaries become undercapitalized?

[Assistant] JPMorgan Chase & Co. may be required to guarantee the performance of the capital restoration plans of its undercapitalized bank subsidiaries.


[User] What year was the European Central Bank's approval granted for two intermediate parent undertakings for the Firm?

[Assistant] 2023


[User] Which U.S. regulatory body proposed a rule in January 2024 concerning bank overdraft fees?

[Assistant] CFPB


[User] What is the role of a bank's board or risk committee under the OCC's heightened supervisory standards?

[Assistant] The bank’s board or risk committee is responsible for approving the bank’s risk governance framework, providing active oversight of the bank’s risk-taking activities, and holding management accountable for adhering to the risk governance framework.


[User] What must a bank's risk governance framework ensure according to the heightened supervisory standards set by the OCC?

[Assistant] A bank's risk governance framework must ensure that the bank's risk profile is easily distinguished and separate from that of its parent BHC for risk management purposes.


[User] What new consumer duty became effective in July 2023 in the U.K.?

[Assistant] The Consumer Duty, which encompasses requirements on the types of products and services offered to consumers, how to balance value and pricing for consumers, and how to promote good consumer understanding and post-sale support.


[User] What was the pre-tax cash consideration agreed upon for the sale of all H3C shares held by the company's subsidiaries to UNIS?

[Assistant] $3.5 billion


[User] What were the total short-term and long-term debt levels for the company as of October 31, 2023?

[Assistant] The total short-term debt was $4,868 million and long-term debt was $7,487 million.


[User] What was the weighted average interest rate on the company's debt as of October 31, 2023?

[Assistant] 5.4%


[User] What were the total unconditional purchase obligations of the company as of October 31, 2023?

[Assistant] $1.6 billion


[User] What was the GAAP net revenue for the fiscal year ended October 31, 2023?

[Assistant] $29,135 million


[User] What was the increase in non-GAAP gross profit from 2022 to 2023?

[Assistant] $606 million


[User] What was the non-GAAP earnings from operations in 2023 as a percentage of revenue?

[Assistant] 10.8%


[User] What are the reasons for excluding amortization of initial direct costs from non-GAAP financial measures according to Hewlett Packard Enterprise?

[Assistant] Hewlett Packard Enterprise excludes amortization of initial direct costs from non-GAAP financial measures because these costs, incurred in prior fiscal years, do not qualify for capitalization under the new leasing standard. The company excludes them due to the election of the practical expedient under this standard, which means they did not adjust these costs to the accumulated deficit.


[User] Why does Hewlett Packard Enterprise exclude stock-based compensation expense from its non-GAAP financial measures?

[Assistant] Hewlett Packard Enterprise excludes stock-based compensation expense from its non-GAAP financial measures primarily because they are non-cash expenses. Additionally, internal benchmarking analyses show that many industry participants and peers also present non-GAAP financial measures excluding stock-based compensation expense.


[User] What specific charges are excluded from Hewlett Packard Enterprise's non-GAAP operating profit margin and why?

[Assistant] Hewlett Packard Enterprise's non-GAAP operating profit margin excludes charges related to the amortization of intangible assets, goodwill impairment, transformation costs, and acquisition, disposition and other related charges. These charges are excluded primarily because they are either non-cash expenses, significantly impacted by the timing and magnitude of acquisitions, or inconsistent in amount and frequency.


[User] What is the required increase in non-gaming investment for the company if Macao's annual gross gaming revenue exceeds a certain threshold?

[Assistant] The company is required to increase its non-gaming investment projects by up to 20% if Macao's annual market gross gaming revenue achieves or exceeds 180 billion patacas.


[User] How much is the company required to invest in non-gaming projects by December 2032?

[Assistant] The company is required to invest an additional 5.56 billion patacas in non-gaming investment projects by December 2032.


[User] What new facility is the company planning to construct as part of its investment plan in Macao?

[Assistant] The company plans to construct a state-of-the-art MICE facility which will encompass roughly 18,000 square meters and will adjoin their existing Venetian Macao exhibition center.


[User] What transformation is planned for Le Jardin located at The Londoner Macao?

[Assistant] Le Jardin is to undergo a transformation into a garden-themed attraction spanning approximately 50,000 square meters, featuring an iconic conservatory and themed green spaces.


[User] What is the total estimated cost for the projects at Marina Bay Sands and when are they expected to be completed?

[Assistant] The total estimated cost for the projects at Marina Bay Sands is $1.2 billion and they are expected to be substantially completed in early 2025.


[User] What was the total approximate area of casinos and gaming areas that reverted to the ownership of the Macao government after VML's subconcession expired on December 31, 2022?

[Assistant] Approximately 136,000 square meters


[User] How much will the annual rent payment be per square meter for the casinos and gaming areas transferred to VML for the first three years starting January 1, 2023?

[Assistant] 750 patacas


[User] What is the total minimum investment amount VML is required to invest in non-gaming projects as part of the concession, according to the exchange rates in effect on December 31, 2023?

[Assistant] 30.24 billion patacas (approximately $3.76 billion)


[User] By what year must VML complete the development of certain gaming and non-gaming investment projects according to the concession requirements?

[Assistant] By December 2032


[User] What are the fees payable by VML for renting casino and gaming areas from the Macao government for the first three and subsequent seven years of the concession period?

[Assistant] 750 patacas per square meter for the first three years and 2,500 patacas per square meter for the following seven years


[User] What was the impact of renovations on room revenues in 2023?

[Assistant] Room revenues in 2023 were negatively impacted by disruptions due to renovations, which involved the introduction of new and elevated suites and rooms and other amenities throughout the year.


[User] What were the primary drivers of the revenue increases at the Macao operations in 2023?

[Assistant] The primary drivers of the revenue increases at the Macao operations in 2023 were increases in ferry operations, entertainment revenue, limo revenue, retail revenue, convention revenue, and other operating revenues, such as Eiffel Tower, spa, and gondola rides.


[User] What was the percentage increase in casino expenses at Las Vegas Sands Corp. for the year ended December 31, 2023 compared to the previous year?

[Assistant] Casino expenses increased by approximately 131.7% for the year ended December 31, 2023, compared to the previous year.


[User] What led to the increase in room expenses at Las Vegas Sands Corp. in 2023?

[Assistant] The increase in room expenses at Las Vegas Sands Corp. in 2023 was primarily due to higher costs associated with the renovated and expanded suites and rooms at The Londoner Macao and the new and elevated suites and rooms introduced at Marina Bay Sands during the year.


[User] How much did the provision for credit losses decrease for Las Vegas Sands Corp. from 2022 to 2023?

[Assistant] The provision for credit losses decreased by $11 million for Las Vegas Sands Corp. from 2022 to 2023.


[User] What factors influence the provision for credit losses at Las Vegas Sands Corp.?

[Assistant] Factors that influence the provision for credit losses at Las Vegas Sands Corp. include the state of the economy, the company's credit standards, risk assessments, and the judgment of the employees responsible for granting credit.


[User] What were the total mall revenues and total mall operating expenses reported for the year ended December 31, 2022?

[Assistant] The total mall revenues were $226 million and the total mall operating expenses were $25 million for the year ended December 31, 2022.


[User] What components make up the mall-related expenses?

[Assistant] Mall-related expenses include Common Area Maintenance (CAM), marketing fees, other direct operating expenses, property taxes, and provision for credit losses, but exclude depreciation and amortization and general and administrative costs.