[User] What is the potential financial impact on our investment portfolio if the enterprise values of our largest privately held equity securities decrease by ten percent?

[Assistant] A ten percent decrease in the enterprise values of our largest privately held equity securities, representing 37 percent of our total strategic investments as of January 31, 2023, could result in a $115 million reduction in the value of our investment portfolio.


[User] What types of vehicles does the company design, develop, and manufacture?

[Assistant] The company designs, develops, and manufactures high-performance fully electric vehicles.


[User] What services does the company offer related to its automotive and energy products?

[Assistant] The company offers vehicle showrooms, service centers, Mobile Service, body shops, Supercharger stations, Destination Chargers, and financial and other services tailored to its products.


[User] What are the two reportable segments of the company's operations?

[Assistant] The company operates as two reportable segments: automotive and energy generation and storage.


[User] What components are included in the automotive segment of the company's operations?

[Assistant] The automotive segment includes design, development, manufacturing, sales, and leasing of high-performance fully electric vehicles, sales of automotive regulatory credits, services and other sales such as used vehicles, non-warranty after-sales services, body shop and parts, paid Supercharging, vehicle insurance revenue and retail merchandise.


[User] What types of energy storage products does the company manufacture?

[Assistant] The company manufactures Powerwall and Megapack, which are lithium-ion battery energy storage products.


[User] What are the features of the company's vehicle powertrain technology?

[Assistant] The company's vehicle powertrain technology features dual and triple electric motor configurations to maximize traction and performance, particularly in all-wheel drive and high-performance versions of Model S and Model X, Cybertruck, and the Tesla Semi.


[User] How does the company integrate advancements in artificial intelligence into its products?

[Assistant] The company uses its advancements in artificial intelligence primarily for developing self-driving vehicle technologies and has incorporated AI into its FSD Computer and neural networks for real-world performance improvements. Additionally, it is developing robotic technologies like the 'Optimus' humanoid robot using the same AI systems.


[User] What strategies does the company employ in its direct sales model for automotive products?

[Assistant] The company employs a direct sales model through its website and international network of company-owned stores, occasionally supplemented by galleries that educate about its products rather than transact sales. This strategy helps control inventory costs, manage warranty service, educate consumers, maintain brand integrity, and receive rapid customer feedback.


[User] What is the purpose of Tesla's used vehicle business with regards to new vehicle sales?

[Assistant] Tesla's used vehicle business supports new vehicle sales by integrating the trade-in of a customer's existing Tesla or non-Tesla vehicle with the sale of a new or used Tesla vehicle.


[User] How does Tesla reduce costs and promote renewable power at their Supercharger stations?

[Assistant] Tesla co-locates Superchargers with solar and energy storage systems to reduce costs and promote renewable power.


[User] What was the ratings outlook for Bank of America Corporation in 2023?

[Assistant] Stable


[User] What were the long-term and short-term credit ratings assigned to Bank of America, N.A. by Moody’s Investors Service?

[Assistant] Long-term: Aa1, Short-term: P-1


[User] What actions are taken to manage credit risks in the commercial businesses?

[Assistant] Several actions are implemented to manage credit risks in commercial businesses, including increasing the frequency and intensity of portfolio monitoring, engaging in hedging activities, and transferring the management of deteriorating commercial exposures to independent special asset officers as credits enter criticized categories.


[User] What was the total net charge-off amount for consumer loans and leases in 2023?

[Assistant] The total net charge-offs for consumer loans and leases amounted to $3.1 billion in 2023.


[User] What was the reported outstanding balance of the residential mortgage portfolio as of December 31, 2023?

[Assistant] $228,403 million


[User] How much did the nonperforming loans in the residential mortgage portfolio decrease in 2023?

[Assistant] $53 million


[User] What was the percentage of nonperforming home equity loans that were current on their payments at December 31, 2023?

[Assistant] 57 percent


[User] What portion of the home equity outstandings at December 31, 2023 required interest-only payments?

[Assistant] 11 percent


[User] How much did the foreclosed properties decrease in value during 2023?

[Assistant] $18 million


[User] What was the percentage of nonperforming consumer loans, leases and foreclosed properties as a percentage of outstanding consumer loans, leases and foreclosed properties at the end of 2023?

[Assistant] 0.61%


[User] What was the pre-tax restructuring charge for the fiscal year 2023 related to the discontinuation of certain R&D programs?

[Assistant] Approximately $0.5 billion


[User] What significant change was made to the global supply chain program in the second quarter of 2018?

[Assistant] The program was announced to be completed in the fiscal fourth quarter of 2022.


[User] How much was the pre-tax restructuring expense for the Orthopaedics franchise in fiscal year 2023?

[Assistant] $0.3 billion


[User] What are the aspects of the EU Pillar Two Directive adopted in December 2022?

[Assistant] It provides for a minimum effective tax rate of 15%.


[User] What total proceeds did Kenvue raise through its initial public offering in May 2023?

[Assistant] $4.2 billion


[User] What is the total amount of the company's material contractual obligations as of December 31, 2023?

[Assistant] $44,424 million


[User] How does the company plan to satisfy its material contractual obligations as of December 31, 2023?

[Assistant] The company intends to use cash from operations to satisfy these obligations.


[User] What would be the effect on the unrealized value of the company's forward contracts with a 10% appreciation of the U.S. Dollar from the December 31, 2023 market rates?

[Assistant] Increase the unrealized value by $0.1 billion


[User] What impact does a 1% change in the spread between U.S. and foreign interest rates have on the company's swap contracts?

[Assistant] Either increase or decrease the unrealized value by approximately $1.6 billion


[User] What was the amount of cash and cash equivalents reported by Johnson & Johnson at the end of 2023?

[Assistant] $21,859 million


[User] What was the total dollar value of outstanding commercial real estate loans at the end of 2023?

[Assistant] $72.878 billion


[User] By what percentage did the office loans increase in exposure during 2023?

[Assistant] 68%


[User] What was the total commercial credit exposure by industry for Bank of America as of December 31, 2023, and how does it compare to 2022?

[Assistant] Bank of America's total commercial credit exposure by industry increased to $1,214,112 million as of December 31, 2023, from $1,200,213 million in 2022.


[User] How do unfunded commitments relate to funded loans and loan equivalents in terms of legal obligation at Bank of America?

[Assistant] Unfunded commitments refer to the undrawn portion of legally binding commitments related to loans and loan equivalents at Bank of America.


[User] What was the net exposure of the United Kingdom and Germany at Bank of America as of December 31, 2023?

[Assistant] As of December 31, 2023, the net exposure of the United Kingdom at Bank of America was $55.9 billion, and for Germany, it was $35.7 billion.


[User] How much did the allowance for credit losses increase at Bank of America from December 31, 2022, to December 31, 2023?

[Assistant] $329 million


[User] What was the allowance for loan and lease losses at Bank of America as of December 31, 2022?

[Assistant] $12,682 million


[User] What caused the annual average of total covered positions and less liquid trading positions portfolio VaR for 2023 to decrease compared to 2022?

[Assistant] The decrease in the annual average of total covered positions and less liquid trading positions portfolio VaR for 2023 compared to 2022 was primarily due to the roll off of March 2020 market volatility from the window of historical data used in the calibration of the VaR model.


[User] What was the percentage of trading days in 2023 where trading-related revenue was recorded as positive?

[Assistant] 100%


[User] What was the largest loss recorded in trading-related revenue during 2022?

[Assistant] $9 million


[User] What were the weighted average remaining lease terms for operating and finance leases as of January 31, 2023?

[Assistant] The weighted average remaining lease terms were 7 years for operating leases and 3 years for finance leases as of January 31, 2023.


[User] What were the total minimum lease payments and their net amounts after imputed interest for operating and finance leases as of January 31, 2023?

[Assistant] As of January 31, 2023, the total minimum lease payments were $3,885 million for operating leases and $819 million for finance leases. After subtracting imputed interest, the net amounts were $3,487 million for operating leases and $791 million for finance leases.


[User] How much is the Company expected to receive from sublease income over the next five years and thereafter as of January 31, 2023?

[Assistant] As of January 31, 2023, the Company expects to receive approximately $237 million in sublease income over the next five years and an additional $42 million thereafter.


[User] What was the total carrying value of the company's debt as of January 31, 2023?

[Assistant] $10,682 million


[User] How much in charges did the company incur in connection with its restructuring plan in fiscal 2023?

[Assistant] $828 million


[User] What was the aggregate intrinsic value of vested stock options as of January 31, 2023?

[Assistant] Approximately $1.8 billion.


[User] What is the weighted-average remaining contractual life of options that are vested or expected to vest as of January 31, 2023?

[Assistant] Approximately 4.37 years.


[User] How does the company estimate the future stock price volatility for its stock options?

[Assistant] The company estimates future stock price volatility by considering both its observed option-implied volatilities and its historical volatility calculations.


[User] What is the impact of issuing preferred stock according to the Company's description?

[Assistant] Issuing preferred stock could restrict dividends on common stock, dilute the voting power of common stock, impair the liquidation rights of common stock, or delay or prevent a change in control.


[User] What was the main reason for the increase in the company's valuation allowance during fiscal 2023?

[Assistant] The increase was primarily due to state tax credits and certain U.S foreign tax credits that are not expected to be realized.


[User] What is GameStop's approach to building relationships with its vendors?

[Assistant] GameStop believes that maintaining and strengthening long-term relationships with its vendors is essential to its operations.


[User] How does GameStop optimize the efficiency of its product distribution?

[Assistant] GameStop uses its distribution facilities, store locations, and inventory management systems to optimize the efficiency of the flow of products to its stores and customers, enhance fulfillment efficiency, and optimize in-stock and overall investment in inventory.


[User] Who are GameStop's main competitors in the global gaming industry?

[Assistant] GameStop's main competitors include Sony, Microsoft, Nintendo, as well as mass merchants like Walmart and Target, computer product and consumer electronics stores, other gaming and related specialty stores, direct sales by software publishers, numerous online environments, and Web 3.0 platforms.


[User] How significant is the fourth quarter to GameStop's annual sales and operating profit?

[Assistant] The fourth quarter is critically important, as GameStop generates the majority of its sales and operating profit during this period, which includes the holiday selling season.


[User] What are some of the registered trademarks of GameStop?

[Assistant] GameStop's registered trademarks include 'GameStop®', 'Game Informer®', 'EB Games®', 'EB Electronics Boutique®', 'Power to the Players®', and 'PowerUp Rewards®'.


[User] Why is Note 16 important in the analysis of a Form 10-K for legal matters?

[Assistant] Note 16 provides in-depth details on legal issues in the form of commitments and contingencies that are vital for understanding the company's legal exposure.


[User] What are the legal implications covered under Commitments and Contingencies in a Form 10-K?

[Assistant] The commitments and contingencies typically cover legal proceedings and other potential liabilities that might affect the financial status of the company.


[User] How does referencing Note 16 help in understanding the legal proceedings discussed in Item 3 of a Form 10-K?

[Assistant] Referencing Note 16 allows for access to comprehensive details on legal proceedings which are not exhaustively covered in Item 3 but are crucial for a thorough understanding.


[User] What is the format used to incorporate details from another section in a Form 10-K?

[Assistant] The format used is incorporation by reference, where information is not directly included but is detailed in another section as specified.


[User] What types of legal issues are generally categorized under Commitments and Contingencies in a Form 10-K?

[Assistant] Legal issues in Commitments and Contingendantsuch as lawsuits, regulatory matters, and other legal risks.


[User] What factors contributed to the escalation in operating costs and expenses in 2023?

[Assistant] Increases in film exhibition and food and beverage costs


[User] How much non-cash impairment losses were recognized on theaters in international markets in 2022?

[Assistant] $59.7 million


[User] What was the foreign currency transaction gain reported in 2023?

[Assistant] $17.8 million


[User] What were the proceeds from the sale of investment in Saudi Cinema Company, LLC during 2023?

[Assistant] $30.0 million


[User] What was AMC Entertainment Holdings, Inc.'s comprehensive loss attributable to it in 2023?

[Assistant] $1,335.9 million


[User] What was the net cash used in operating activities for the respective periods listed?

[Assistant] In the first period, the net cash used in operating activities was $215.2 million, in the second period it was $628.5 million, and in the third period it was $614.1 million.


[User] What is the V2MOM, and how is it used within the company?

[Assistant] The V2MOM is an internal management tool used by the company to align on vision, values, methods, obstacles, and measures for the upcoming year. The company completes a corporate V2MOM annually, and all employees are expected to align their own V2MOMs with the corporate version.


[User] What are the expectations the company has for its employees in aligning with the Code of Conduct?

[Assistant] The company expects all employees to commit to acting with integrity and treating others with compassion and respect, aligning with the core values maintained in the Code of Conduct.


[User] How does the company engage with its employees to foster engagement and satisfaction?

[Assistant] The company engages with its employees by holding frequent company all-hands meetings and through 'The Daily,' a daily communication vehicle that keeps employees connected with the business in real time.


[User] What is the purpose of the Employee Opinion Survey at Salesforce?

[Assistant] The Employee Opinion Survey is a vehicle for employees to provide confidential feedback on their experience at Salesforce, which is then used to assess employee engagement, company culture, and workplace environment.


[User] What are the primary features of Office Consumer services?

[Assistant] Office Consumer services primarily include communication and storage features facilitated through products like Skype, Outlook.com, and OneDrive, primarily driven by subscriptions, advertising, and the sale of minutes.


[User] What is the competitive landscape for Dynamics?

[Assistant] Dynamics competes with both cloud-based and on-premises business solution providers such as Oracle, Salesforce, and SAP.


[User] How does LinkedIn intend to create economic opportunity?

[Assistant] LinkedIn aims to create economic opportunities for every member of the global workforce through the development of the world's first Economic Graph, a digital representation of the global economy.


[User] What are the primary competitive advantages of Azure listed in the text?

[Assistant] Azure's competitive advantages include its hybrid cloud capabilities, large-scale deployments suitable for all business sizes, AI offerings like AI-optimized infrastructure, and its ability to integrate large language models for advanced application development.


[User] Which companies contribute to the development of the Linux operating system?

[Assistant] Many computer manufacturers contribute to the development of the Linux operating system.


[User] What type of products and services are included in the More Personal Computing segment?

[Assistant] The More Personal Computing segment includes products and services like Windows, including Windows OEM licensing and other Windows offerings, devices such as Surface and HoloLens, gaming including Xbox hardware and services, and Search and news advertising.


[User] What factors affect the revenue of Windows OEM?

[Assistant] Factors affecting Windows OEM revenue include the number of Windows operating system licenses purchased by OEMs, device market volume, the mix of computing devices, market demand variations between developed and growth markets, attachment of Windows to devices shipped, customer mix, inventory changes in the OEM channel, pricing changes, supply chain constraints, and piracy.


[User] Who are the competitors for Microsoft's server applications in PC-based environments?

[Assistant] Microsoft's competitors for server applications in PC-based environments include CA Technologies, IBM, and Oracle.


[User] What is the focus of companies engaged with the Java Platform Enterprise Edition?

[Assistant] The focus of companies engaged with the Java Platform Enterprise Edition is competing with Microsoft's enterprise-wide computing solutions.


[User] What are the primary factors driving growth in Microsoft's Devices segment?

[Assistant] Growth in Microsoft's Devices segment is primarily driven by total PC shipments, the ability to attract new customers, the product roadmap, and expansion into new product categories.


[User] What was the total available under the unsecured revolving credit agreement as of the end of 2023?

[Assistant] $3.0 billion


[User] How much were the unconditional purchase commitments as of December 30, 2023, and how much is expected to be incurred in 2024?

[Assistant] $4.6 billion total, with $3.9 billion expected in 2024


[User] What was the balance of AMD's retained earnings at the end of 2023?

[Assistant] $723 million


[User] What was the net income of Advanced Micro Devices, Inc. for the fiscal year ended December 30, 2023?

[Assistant] $854 million


[User] What was the change in cash and cash equivalents for Advanced Micro Devices, Inc. from the beginning to the end of the year 2023?

[Assistant] Decrease of $902 million


[User] How does the Company estimate the variable consideration for OEM and distributor arrangements?

[Assistant] The Company estimates the variable consideration under OEM and distributor arrangements by recording a provision for product returns, allowances for price protection, and rebates based on actual historical experience and any known events.


[User] What method does the Company use to recognize revenue from custom products in the Gaming segment?

[Assistant] For custom products in the Gaming segment, the Company uses a cost-based input method, calculated as cost incurred plus estimated margin, to determine the amount of revenue to recognize for in-process or completed customer orders at a reporting date.


[User] How are incentives and promotional activities treated in the Company's financial reporting?

[Assistant] Incentives and promotional activities are treated as reductions to revenue unless they qualify for expense recognition. Where funds provided for such programs can be estimated, the Company recognizes a reduction to revenue at the time the related revenue is recognized; otherwise, the reduction is recognized at the later of when the related revenue transaction occurs or the program is offered.


[User] What is the accounting treatment for a decline in fair value of an available-for-sale debt security at a company?

[Assistant] If an available-for-sale debt security’s fair value falls below its amortized cost basis, the company evaluates whether the decline is due to a credit loss, recording an impairment through an allowance for credit losses if so. Unrealized gains and losses not related to credit losses are recorded, net of tax, in accumulated other comprehensive income (loss).


[User] How does a company classify and report short-term investments in debt securities on its balance sheet?

[Assistant] A company classifies its short-term investments in debt securities as available-for-sale, allowing these securities to be sold at any time for use in current operations or other purposes. These investments are classified within current assets on the Consolidated Balance Sheets, even for securities with maturities beyond twelve months.


[User] How does the company's infrastructure software solutions support customers?

[Assistant] The company's infrastructure software solutions enable customers to plan, develop, automate, manage, and secure applications across mainfloor, distributed, mobile, and cloud platforms.


[User] What significant transaction did the company complete on November 22, 2023?

[Assistant] On November 22, 2023, the company acquired VMware in a cash-and-stock transaction.


[User] What was the total purchase consideration for the VMware acquisition?

[Assistant] The preliminary total purchase consideration for the VMware Merger was approximately $86.3 billion.


[User] How was the cash portion of the VMware acquisition funded?

[Assistant] The cash portion of the VMware Merger consideration was funded with net proceeds from the issuance of $30.4 billion in term loans under a credit agreement entered into on August 15, 2023, along with cash on hand.


[User] What types of semiconductor materials are used in the company's analog products?

[Assistant] The company's analog products are based on III-V semiconductor materials, which are made from elements from the 3rd and 5th groups in the periodic table, such as gallium arsenide (GaAs) and indium phosphide (InP).


[User] How does the company differentiate itself in the market?

[Assistant] The company differentiates itself through high performance design and integration capabilities, focusing on developing products for target markets where it believes it can earn attractive margins.


[User] What recent technological advancements has the company implemented in set-top box (STB) solutions?

[Assistant] The company has implemented High Efficiency Video Coding (HEVC) in set-top boxes, which enables ultra-high definition services by effectively doubling the capacity of existing networks to deploy new or existing content.


[User] What are the key applications of custom silicon solutions in data centers?

[Assistant] Custom silicon solutions in data centers are primarily used for compute offload, supporting advanced technology and IP platforms tailored for data center applications.


[User] How do our products support next-generation broadband access technologies?

[Assistant] Our products facilitate the deployment of various broadband access technologies including G.fast, DOCSIS, PON, and Wi-Fi, enabling more bandwidth and faster speeds.


[User] What functionalities do our CPE devices offer?

[Assistant] Our CPE devices are used in broadband modems, residential gateways, and Wi-Fi access points and routers.


[User] What does Visa's Management and Analysis section say about comparing fiscal years?

[Assistant] The section discusses fiscal 2023 compared to fiscal 2022 and provides information on fiscal 2022 compared to 2021 in a separate part of the annual report.


[User] How does Visa describe its role in the global payments industry?

[Assistant] Visa is described as a global payments technology company that facilitates global commerce and money movement across more than 200 countries and territories through innovative technologies.


[User] What are the primary transaction processing services provided by Visa through VisaNet?

[Assistant] Visa provides authorization, clearing, and settlement services to its financial institution and merchant clients through VisaNet, its proprietary advanced transaction processing network.


[User] What significant action did Visa take in response to the economic sanctions imposed on Russia?

[Assistant] Visa suspended its operations in Russia in March 2022, ceasing revenue generation from domestic and cross-border activities related to Russia.


[User] What is the financial impact of the acquisition agreement Visa entered into in June 2023?

[Assistant] Visa entered into a definitive agreement to acquire Pismo Holdings for $1.0 billion in cash, pending customary closing conditions and regulatory approvals.


[User] What was the percentage increase in the consumer credit payments volume for Visa Inc. from 2021 to 2022?

[Assistant] 25%


[User] How much is the total amount available for liquidity funding related to U.S. dollar settlements as of September 30, 2023?

[Assistant] $10.1 billion


[User] What is the total amount deposited in the U.S. litigation escrow account in fiscal 2023?

[Assistant] $1.0 billion


[User] What is the maturity date of the $7.0 billion revolving credit facility?

[Assistant] May 2028


[User] How much principal was repaid for the senior notes maturing in December 2022 during fiscal 2023?

[Assistant] $2.25 billion


[User] What was the outstanding balance and year-end stated interest rate on short-term borrowings for the years 2023 and 2022?

[Assistant] For the year 2023, the outstanding balance of short-term borrowings was $1,293 million with a year-end stated interest rate of 1.03%. For the year 2022, the outstanding balance was $1,348 million with a year-end stated interest rate of 0.94%.


[User] What is the definition of a 'Member' at Peloton?

[Assistant] A 'Member' at Peloton is defined as an individual who has a Peloton account through either a paid Connected Fitness Subscription or a paid Peloton App Membership, and completes one or more workouts in the trailing 12 month period.


[User] What types of workouts qualify as a completed workout for Peloton Members?

[Assistant] A workout qualifies as completed for Peloton Members if they complete at least 50% of an instructor-led class, scenic ride, or run, or if they spend ten or more minutes in 'Just Ride', 'Just Run', or 'Just Row' mode.


[User] What does Peloton use its AI-powered Peloton Guide for?

[Assistant] Peloton uses its AI-powered Peloton Guide as a personal trainer for personalized strength training routines, tracking repetitions, time, and progress.


[User] What type of content can Members access through the Peloton App Membership?

[Assistant] Members using the Peloton App Membership can access a variety of content including strength, meditation, outdoor walking, yoga, and other class types across different modalities.


[User] What innovation does Peloton's Tread+ introduce in design?

[Assistant] Peloton's Tread+ introduces a slat belt technology designed to optimize the comfort experience during running.


[User] How does Peloton incorporate music in their workouts?

[Assistant] Peloton integrates curated playlists into their workout programming, using a proprietary music platform to align the music with Members' tastes.


[User] What specific feature does the Peloton Bike+ offer regarding workout experience?

[Assistant] The Peloton Bike+ offers an enhanced dynamic workout experience with features like automatic resistance control and the ability to switch between on-and-off bike content easily.


[User] What types of products and services does Peloton offer through its e-commerce platform?

[Assistant] Peloton offers products such as Peloton Bikes, Tread, and Row products, and services like one-on-one sales consultations on its e-commerce platform.


[User] How does Peloton engage with its business-to-business customers?

[Assistant] Peloton engages with B2B customers by offering well-being solutions for enterprise clients across key verticals such as Hospitality and Corporate Wellness, and by providing a range of equipment and content-based solutions.


[User] How soon can a biosimilar competitor challenge an innovator's patents under the BPCIA?

[Assistant] Four years


[User] What is the standard of proof used in inter partes reviews (IPR) compared to federal district courts?

[Assistant] Lower


[User] What impact might the proposed framework by the U.S. presidential administration have on pharmaceuticals developed with federal funds?

[Assistant] It may permit the federal government to license the drug to a third party to manufacture based on the price of the drug.


[User] What does the Emergency Use Authorization (EUA) by the U.S. Secretary of Health and Human Services allow?

[Assistant] It allows unapproved medical products or unapproved uses of approved medical products to be manufactured, marketed, and sold in the context of an actual or potential emergency.


[User] What regulatory authority does the FDA have over pharmaceuticals and devices in the U.S.?

[Assistant] The FDA has jurisdiction over all products and devices, administering requirements related to testing, safety, effectiveness, manufacturing, quality control, distribution, labeling, marketing, promotion, advertising, dissemination of information, and post-marketing surveillance.


[User] What does the U.S. Foreign Corrupt Practices Act of 1977 prohibit?

[Assistant] The U.S. Foreign Corrupt Practices Act of 1977 prohibits certain individuals and entities, including U.S. publicly traded companies, from promising, offering, or giving anything of value to foreign officials with the intent of influencing them corruptly to help the company obtain or retain business or gain any improper advantage.


[User] What additional requirements does the FCPA impose on U.S. publicly traded companies?

[Assistant] The FCPA imposes specific recordkeeping and internal controls requirements on U.S. publicly traded companies.


[User] How has the enforcement of the FCPA been affected in recent years?

[Assistant] In recent years, the enforcement of the FCPA has seen increased actions, enhancement of regulations, and a higher level of cross-border coordination and information sharing amongst various jurisdictions.


[User] What impact could future legal and administrative proceedings under the FCPA have on a company?

[Assistant] Future legal and administrative proceedings under the FCPA could include civil penalties, criminal sanctions, and other administrative remedies, potentially causing material adverse impacts on a company's operations, liquidity, and financial position.


[User] What changes does the Inflation Reduction Act introduce to the Medicare Part D Coverage Gap Discount Program?

[Assistant] The Inflation Reduction Act replaces the 70 percent Coverage Gap Discount Program discount with a 10 percent manufacturer discount for Medicare Part D beneficiaries below a $2,000 out-of-pocket threshold and a 20 percent discount above this threshold, starting January 2025.


[User] What is the termination date for AT&T's $12,000 revolving credit agreement?

[Assistant] November 18, 2028


[User] What was the total amount of tax incurred, collected, and remitted by AT&T in 2023?

[Assistant] $16,877


[User] What was the purchase price for the repurchase of Mobility preferred interests by AT&T in 2023?

[Assistant] $5,414


[User] How much cash collateral did AT&T receive on a net basis during 2023?

[Assistant] $220


[User] What is the annual cash distribution percentage for the Series B Cumulative Perpetual Preferred Membership Interests issued by AT&T in June 2023?

[Assistant] 6.8%


[User] What was the total net income attributed to AT&T common stockholders in 2023?

[Assistant] $14,192 million


[User] What was the amount recorded for additional paid-in capital at the end of 2023?

[Assistant] $114,519 million


[User] What was the balance at the beginning of the year for Preferred Stock – Series A in 2023, 2022, and 2021?

[Assistant] The balance for Preferred Stock – Series A was zero at the beginning of the years 2023, 2022, and 2021.


[User] What accounting method does the company use to account for investments in subsidiaries and partnerships where it does not control but has significant influence?

[Assistant] Equity method


[User] What is the duration over which capitalized software costs are amortized at the company, and under which balance sheet item are these costs included?

[Assistant] Capitalized software costs are amortized over a period of three to seven years and are included under 'Property, Plant and Equipment – Net' on the consolidated balance sheets.


[User] What was the percentage increase in pre-tax earnings for McLane in 2023 compared to 2022?

[Assistant] 67.9%


[User] How much did Berkshire repurchase in shares of its Class A and B common stock in 2023?

[Assistant] Berkshire repurchased $9.2 billion worth of shares of its Class A and B common stock in 2023.


[User] What is the minimum amount of consolidated cash, cash equivalents, and U.S. Treasury Bills Berkshire aims to maintain?

[Assistant] Berkshire aims to maintain at least $30 billion in consolidated cash, cash equivalents, and U.S. Treasury Bills.


[User] What was the total amount of insurance and other businesses' holdings in cash, cash equivalents, and U.S. Treasury Bills at the end of 2023?

[Assistant] Insurance and other businesses had total holdings of $163.3 billion in cash, cash equivalents, and U.S. Treasury Bills at the end of 2023.


[User] What was the decrease in pre-tax earnings due to the $1.0 billion in IBNR liabilities?

[Assistant] The decrease in pre-tax earnings was approximately $1.0 billion.


[User] What effect would a five percent increase in claim-tails and loss ratios have on the company's IBNR liabilities and pre-tax earnings?

[Assistant] A five percent increase in claim-tails and loss ratios could produce a net increase in nominal IBNR liabilities of approximately $2 billion, along with a corresponding reduction in pre-tax earnings.


[User] What was the increase in estimated ultimate liabilities for retroactive reinsurance contracts in the fourth quarter of 2023?

[Assistant] The estimated ultimate liabilities for prior years' retroactive reinsurance contracts increased by $1.1 billion in the fourth quarter of 2023.


[User] What financial instruments does the company invest in that are sensitive to interest rates?

[Assistant] The company invests in bonds, loans, and other interest rate sensitive instruments.


[User] How does the company manage its interest rate risks?

[Assistant] The company generally does not use derivative products such as interest rate swaps to manage interest rate risks and does not attempt to match maturities of assets and liabilities.


[User] What was the fair value of investments in fixed maturity securities at the end of 2023 after a hypothetical 100 basis point increase in interest rates?

[Assistant] The fair value of investments in fixed maturity securities was $23,585 million after a hypothetical 100 basis points increase in interest rates.


[User] What are some key goals of the corporation related to climate change?

[Assistant] The corporation aims to achieve its Net Zero goal and 2030 Financing Activity Emissions Targets, which involves technological advances, better emissions data reporting, new standards, public policies that improve the cost of capital for transitioning to a low-carbon economy, and engagement with various stakeholders.


[User] How does the corporation's future strategic direction on environmental transition impact its financial performance during the period discussed?

[Assistant] The climate-related initiatives did not result in a significant effect on the corporation's results of operations or financial position during the periods presented.


[User] What was the tangible common shareholders' equity at the end of the period according to the data provided?

[Assistant] $169,251


[User] How did the goodwill value change over the period in the data provided?

[Assistant] The goodwill value remained constant at $69,021 before decreasing by $1 to $69,022.


[User] What was the total amount of loans and leases at Bank of America by the end of 2023, excluding those accounted for under the fair value option?

[Assistant] $1,050.2 billion


[User] What was the net income of Bank of America in 2023?

[Assistant] $26,515 million


[User] What was the total cash and cash equivalents at Bank of America on December 31, after recording all annual transactions?

[Assistant] $230,203


[User] What is the primary purpose of cash flow hedges used by the Corporation?

[Assistant] The primary purpose of cash flow hedges used by the Corporation is to minimize the variability in cash flows of assets and liabilities or forecasted transactions caused by interest rate or foreign exchange rate fluctuations.


[User] What model does the Bank of America use to estimate the expected credit losses (ECL) for consumer loans secured by residential real estate?

[Assistant] The Bank of America uses quantitative modeling methodologies to estimate the ECL for consumer loans secured by residential real estate. This involves estimating the number of loans that will default over the life of the existing portfolio, factoring in estimated prepayment, using attributes such as refreshed loan-to-value ratio, borrower credit score, months since origination, and geography.


[User] What criteria are used to classify loans and leases as nonperforming according to the described credit policy?

[Assistant] Loans and leases are classified as nonperforming when they are on nonaccrual status, such as being 90 days past due, have confirmed fraud or bankruptcy, or fit certain criteria such as being uninsured past a certain delinquency threshold or not well-secured and in the process of collection in the case of commercial loans.


[User] How are intercompany balances and transactions treated in the consolidated financial statements of Palantir Technologies Inc.?

[Assistant] All significant intercompany balances and transactions are eliminated in the consolidation of Palantir Technologies Inc.'s financial statements.


[User] What is the basis for the preparation of Palantir Technologies Inc.'s consolidated financial statements?

[Assistant] Palantir Technologies Inc.'s consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (GAAP) and the rules and regulations of the Securities and Exchange Commission regarding annual financial reporting.


[User] What criteria must be met for the company to recognize an asset for the costs to fulfill a contract with a customer?

[Assistant] The costs must be specifically identifiable, expected to generate or enhance resources used to satisfy future performance obligations, and be recoverable.


[User] How does the company determine the grant-date fair value of RSUs and stock options?

[Assistant] The grant-date fair and fair stock-based compensation expenses are typically valued at the fair value of the company's common stock on the grant date for RSUs, whereas the Black-Scholes option pricing model is used for stock options, which requires inputs like expected term, volatility, risk-free interest rates, and expected dividend yield.


[User] What is the basis for recognizing revenue from the company's professional services?

[Assistant] Revenue from the company's professional services is recognized over the contractual term as services are provided on-demand throughout the contract period.


[User] What method does the company use to record stock-based compensation expense?

[Assistant] The company records stock-based compensation expense using the accelerated attribution method.


[User] How does the company assess the likelihood of achieving performance conditions for RSUs granted after the Direct Listing?

[Assistant] The company periodically assesses the probability of achieving the performance conditions to determine if the achievement of the performance metric is still probable, and recognizes any cumulative effects of changes in this assessment.


[User] What is the company's policy regarding matching contributions to the 401(k) plan for the years ended December 31, 2023, 2022, and 2021?

[Assistant] The company did not make any matching contributions to the 401(k) plan for the years ended December 31, 2023, 2022, and 2021.


[User] What are the valuation models used for estimating the fair value of the certificates of deposit classified as Level 2 instruments?

[Assistant] The fair value of the certificates of deposit classified as Level 2 instruments is estimated using industry standard valuation models that include both income-based and market-based approaches.


[User] What was the total unrealized loss from publicly-traded equity securities for the Company at the end of fiscal year 2023?

[Assistant] The total unrealized loss from publicly-traded equity securities at the end of fiscal year 2023 was $4.5 million.


[User] What does the term 'Acquired brands' refer to and how does it affect the reported volumes?

[Assistant] 'Acquired brands' refers to brands that the company has acquired in the past 12 months, which generally have not had their unit case volume or concentrate sales volume reported or recognized in periods prior to the transaction closing. Thus, volumes related to an acquired brand are incremental to prior year volume.


[User] How is 'licensed brands' defined and what is its impact on the company's volumes?

[Assistant] 'Licensed brands' are brands not owned by the company, but for which the company holds certain rights, including distribution rights. The company derives economic benefits from sales of these products, and volumes related to a licensed brand are considered incremental to prior year volume when a license agreement is entered.


[User] What factors had the largest positive impact on the company's net operating revenues for 2023?

[Assistant] Price, product, and geographic mix


[User] How did the fluctuation in foreign currency exchange rates impact the consolidated net operating revenues in 2023?

[Assistant] It decreased by 4%


[User] What was the total amount of other operating charges recorded by the company in 2023?

[Assistant] $1,951 million


[User] What were the main components of the other operating charges recorded by the company in 2023?

[Assistant] The charges included $1,702 million related to the remeasurement of our contingent consideration liability, $164 million related to the Company’s productivity and reinvestment program, and $35 million related to the discontinuation of certain manufacturing operations in Asia Pacific.


[User] Describe the composition of other income (net) in 2023.

[Assistant] Other income (net) in 2023 was comprised of a net gain of $439 million from refranchising bottling operations in Vietnam, $289 million from equity and trading debt securities transactions, and $208 million from dividend income, among other gains and costs.


[User] What global minimum tax rate did the OECD establish in their Pillar Two model rules issued in December 2021?

[Assistant] 15%


[User] When is the general implementation of the remaining global minimum tax rules under Pillar Two scheduled to occur?

[Assistant] January 1, 2025


[User] How much did the Company sell in trade accounts receivables in the year ended December 31, 2023?

[Assistant] $17,704 million


[User] How much did the Company record in net foreign currency exchange losses in 2023?

[Assistant] $312 million


[User] What was the impact on income before taxes due to foreign currency exchange rate fluctuations in 2023, including hedging activities?

[Assistant] 8% decrease


[User] By what percentage did the Australian dollar weaken against the U.S. dollar in 2023?

[Assistant] 5%


[User] What was the reported change in the value of the Mexican peso against the U.S. dollar from 2022 to 2023?

[Assistant] The Mexican peso strengthened from 1% in 2022 to 14% in 2023.


[User] What was The Coca-Cola Company's net income in 2023?

[Assistant] $10,704 million


[User] How much was the net cash provided by Coca-Cola's financing activities in 2023?

[Assistant] -$8,310 million


[User] What accounting guidance did the Financial Accounting Standards Board issue in November 2023 regarding reportable segment disclosures?

[Assistant] In November 2023, the Financial Accounting Standards Board issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which expands annual and interim disclosure requirements for report of segments, primarily through enhanced disclosures about significant segment expenses.


[User] What is the revenue recognition policy for the company's sales of concentrates, syrups, and finished products?

[Assistant] The company recognizes revenue when performance obligations under the terms of the contracts with customers are satisfied. The control of the products is transferred upon shipment to, or receipt at, the customers' locations, as determined by the specific terms of the contract. Revenue is recognized upon the transfer of control to the customer.


[User] What was the total value of equity securities held at the end of 2023 and 2022?

[Assistant] The total value of equity securities held at the end of 2023 was $2,006 million and at the end of 2022 was $2,070 million.


[User] What financial instruments does the Company use to minimize the variability in cash flows due to fluctuations in foreign currency exchange rates, commodity prices, or interest rates?

[Assistant] The Company uses cash flow hedges including forward contracts, foreign currency options, collars, cross-currency swaps, and interest rate swap agreements to minimize the variability in cash flows of assets or liabilities or forecasted transactions caused by fluctuations in foreign currency exchange rates, commodity prices or interest rates.


[User] What was the percentage increase in revenue for UnitedHealthcare Employer & Individual - Global from 2022 to 2023?

[Assistant] 7%


[User] How many individuals were served by UnitedHealthcare's Medicare Advantage in 2023?

[Assistant] 7,695 thousand


[User] What was the change in the number of individuals served by UnitedHealthcare's Medicaid from 2022 to 2023?

[Assistant] Decrease of 325 thousand


[User] What was the net increase in cash and cash equivalents for UnitedHealthcare in 2023 compared to 2022?

[Assistant] $72 million


[User] How much did UnitedHealthcare's cash provided by operating activities amount to in 2023?

[Assistant] $29,068 million


[User] How much did UnitedHealthcare pay in common share repurchases in 2023?

[Assistant] $8,000 million


[User] What amount did UnitedHealthcare's regulated subsidiaries pay as dividends to their parent companies in 2023?

[Assistant] $8.0 billion


[User] How much did UnitedHealthcare invest in property, equipment, and capitalized software in 2023?

[Assistant] $3,386 million


[User] What was the percentage growth in people served by the Optum Health segment from 2022 to 2023?

[Assistant] 1%


[User] What was the total earnings from operations at Optum Rx in 2023 due to increased script volumes?

[Assistant] Increased


[User] How much did the Company’s domestic insurance and HMO subsidiaries pay in dividends to their parent companies for the years ended December 31, 2023 and 2022?

[Assistant] $8.0 billion in 2023 and $8.8 billion in 2022


[User] What are the estimated global financially regulated subsidiaries’ statutory capital and surplus as of December 31, 2023?

[Assistant] $38.5 billion


[User] How much did the company anticipate needing for pending acquisitions in the health care sector as of December 31, 2023?

[Assistant] Approximately $6 billion


[User] What services does UnitedHealthcare Community & State provide?

[Assistant] UnitedHealthcare Community & State provides diversified health care benefits products and services to state programs for the economically disadvantaged, the medically underserved, and those without employer-funded health care coverage.


[User] How does Optum Health enhance its health care delivery?

[Assistant] Optum Health enhances health care delivery by building a comprehensive, connected health care delivery and engagement platform which includes high-quality direct care, chronic and complex health needs management, and proactive consumer health engagement through various platforms like in-person, in-home, virtual, and digital clinical services.


[User] What types of customers rely on Optum Insight's services?

[Assistant] Hospital systems, physicians, health plans, governments, life sciences companies, and other organizations rely on Optum Insight for integrated services and solutions that improve performance, achieve efficiency, reduce costs, meet compliance mandates, and modernize core operating systems.


[User] What were the total revenues from unaffiliated customers in 2021?

[Assistant] $285,273


[User] What was the total investment and other income reported in 2021?

[Assistant] $2,324


[User] How many employees does Johnson & Johnson have worldwide as of the latest information?

[Assistant] Approximately 131,900 employees


[User] What type of company is Johnson & Johnson described as?

[Assistant] A holding company


[User] What factors could lead to an impairment of goodwill for the Consumer Wireline reporting unit as of October 1, 2023?

[Assistant] A decline in the projected long-term growth rate by 0.75%, a decline in the projected long-term EBITDA margin by 4.0%, or an increase in the weighted average cost of capital by 0.25% could result in an impairment of goodwill for the Consumer Wireline reporting unit.


[User] How is the fair value of U.S. wireless licenses assessed?

[Assistant] The fair value of U.S. wireless licenses is assessed using a discounted cash flow model known as the Greenfield Approach and a qualitative corroborative market approach based on auction prices.


[User] What percentage of employees at AT&T are represented by unions such as the Communications Workers of America or the International Brotherhood of Electrical Workers?

[Assistant] Approximately 42% of AT&T's employees are represented by unions such as the Communications Workers of America (CWA) or the International Brotherhood of Electrical Workers (IBEW).


[User] What would be the effect on the book value if there was a 10% drop in the fair value of the reporting units?

[Assistant] Even with a 10% drop in the fair value of the reporting units, the fair value would still exceed the book value of the reporting units.


[User] How much did cash and cash equivalents increase by the end of 2023 compared to the end of 2022?

[Assistant] $3,021


[User] In 2023, what was the total amount of vendor financing payments?

[Assistant] $5,742 million


[User] What was the amount allocated for capital expenditures in 2023, including interest during construction?

[Assistant] $17,853 million


[User] How much debt is AT&T Inc. expected to repay within one year as of December 31, 2023?

[Assistant] $9,477 million


[User] How much were the dividends on common shares and preferred shares paid by AT&T Inc. in 2023?

[Assistant] $8,136 million


[User] What percentage is the initial preferred distribution for the April preferreds issued by AT&T in 2023?

[Assistant] 6.85% annually


[User] What is the effect of a 0.75% decrease in completion factors on medical costs payable as of December 31, 2023?

[Assistant] A decrease of $867 million.


[User] What are the main components included in UnitedHealth Group's consolidated balance sheets for December 31, 2023?

[Assistant] The main components include current assets, long-term investments, property, equipment and capitalized software, goodwill, other intangible assets, and other assets.


[User] How does the audit report describe the responsibility of UnitedHealth Group's management regarding their financial statements?

[Assistant] The responsibility of UnitedHealth Group's management regarding their financial statements is to prepare them. The audit report describes this responsibility as involving the preparation of financial statements that present fairly the financial position and results of operations in conformity with accounting principles generally accepted in the United States of America.


[User] What specific procedures did the auditors perform related to the Critical Audit Matter of medical care services Incurred but not Reported (IBNR)?

[Assistant] The auditors' procedures for the Critical Audit Matter of IBNR included testing controls over management's estimate, testing underlying claims and membership data, evaluating the actuarial methods and assumptions with the help of actuarial specialists, and developing an independent estimate for comparison.


[User] What was the function of the independent estimate developed by the auditors in the context of the IBNR audit?

[Assistant] The independent estimate developed by the auditors was used to compare against the management's estimate of IBNR to validate the reasonableness of management's actuarial methods and assumptions.


[User] How many shares of preferred stock are authorized at UnitedHealth Group, and how many are issued or outstanding?

[Assistant] 10 shares of preferred stock are authorized at UnitedHealth Group, and no shares are issued or outstanding.


[User] What was the total comprehensive income attributable to UnitedHealth Group common shareholders for the year 2021?

[Assistant] The total comprehensive income attributable to UnitedHealth Group common shareholders for the year 2021 was $15,715 million.


[User] What was the amount of net unrealized gains on investment securities, net of tax, for UnitedHealth Group in 2023?

[Assistant] The net unrealized gains on investment securities, net of tax, for UnitedHealth Group in 2023 was $876 million.


[User] What was UnitedHealth Group's total net earnings in 2023?

[Assistant] $23,144 million


[User] How much did UnitedHealth Group pay in cash dividends per common share in 2023?

[Assistant] $7.29 per share


[User] What was the total balance of Level 3 pension assets including equities, fixed income funds, and real estate and real assets as of December 31, 2023?

[Assistant] $2,957 million


[User] What is the expected amount of pension benefit payments for the year 2024?

[Assistant] $3,185 million


[User] What were the dividend amounts declared by AT&T for its preferred and common shares in December 2022 and December 2023?

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


[User] What was the amount reported for Net Income Attributable to AT&T in 2023?

[Assistant] $14,400


[User] When did AutoZone, Inc. begin its operations?

[Assistant] 1979


[User] How many stores did AutoZone operate in the United States as of August 26, 2023?

[Assistant] 6,300


[User] What types of products does AutoZone offer in its stores?

[Assistant] AutoZone offers automotive hard parts, maintenance items, accessories, and non-automotive products in its stores.


[User] Does AutoZone provide installation services as part of its revenue stream?

[Assistant] No, AutoZone does not derive revenue from automotive repair or installation services.


[User] What percentage of AutoZone employees were employed full-time as of August 26, 2023?

[Assistant] 60 percent


[User] What is the primary focus of AutoZone's commercial sales program?

[Assistant] The commercial sales program provides comercial credit and prompt delivery of parts and other products to local, regional, and national repair garages, dealers, service stations, fleet owners, and other accounts.


[User] How does the Coca-Cola Company approach sustainability matters?

[Assistant] The Coca-Cola Company acknowledges its role in sustainability by developing and implementing solutions that build resilience across its business, reporting progress in areas such as circular economy of packaging, water stewardship, climate, and more.


[User] What critical accounting policies and estimates are highlighted by Coca-Cola's management?

[Assistant] Coca-Cola's management highlights critical accounting policies and estimates such as the principles of consolidation, recoverability of equity method investments, and indefinite-lived intangible assets, among others.


[User] What triggers the requirement for management to record an impairment charge for investments?

[Assistant] Management must record an impairment charge if they determine that the decline in the investment's fair value is other than temporary.


[User] How often must impairment tests for indefinite-lived intangible assets be conducted?

[Assistant] Impairment tests for indefinite-lived intangible assets must be conducted at least annually, or more frequently if events or circumstances indicate that an asset may be impaired.


[User] What methodologies are used to perform impairment tests on indefinite-lived intangible assets?

[Assistant] The impairment tests are conducted using valuation methodologies such as discounted cash flow models and a market approach.


[User] What occurs if the carrying amount of an indefinite-lived intangible asset, other than goodwill, exceeds its fair value?

[Assistant] An impairment charge is recognized in the amount equal to the excess of the carrying amount over the fair value.


[User] What financial effect does an increase in the discount rate have on intangible asset valuations?

[Assistant] An increase in the discount rate may lead to the recognition of an impairment charge on an intangible asset, even if actual cash flows meet or exceed forecasted amounts.


[User] How does the Company account for concentrate revenue when dealing with unconsolidated bottling partners that are treated as equity investments?

[Assistant] The company eliminates the intercompany profit related to concentrate sales to the extent of its ownership interest, until the equity method investee has sold the finished products made from the concentrates or syrups to a third party.


[User] What is the impact of structural changes on the unit case volume and concentrate sales volume of the company on a consolidated basis or at the geographic operating segment level?

[Assistant] Typically, structural changes do not impact the company's unit case volume or concentrate sales volume on a consolidated basis or at the geographic operating segment level.


[User] How are concentrate sales volume and unit case volume affected by factors like seasonality and product mix?

[Assistant] Factors such as seasonality, bottlers’ inventory practices, supply point changes, timing of price increases, new product introductions and changes in product mix can create differences between unit case volume and concentrate sales volume growth rates.


[User] What is the significance of Walmart's Live Better U program for its associates?

[Assistant] The Live Better U program at Walmart offers part-time and full-time frontline eligible associates in the U.S. the opportunity to earn a high school diploma or a college degree, with Walmart covering 100% of tuition, books, and fees. This program aligns educational offerings with Walmart's growth areas to prepare associates for future opportunities.


[User] How does Walmart ensure the well-being of its associates?

[Assistant] Walmart invests in the physical, emotional, and financial well-being of its associates by offering competitive wages and a variety of benefits. In the U.S., these benefits include affordable healthcare coverage, 401(k) matches, and parental leave among others.


[User] What percentage of Walmart's U.S. salaried store, club, and supply chain management started their careers in hourly positions?

[Assistant] Approximately 75%


[User] What are some of the digital tools Walmart uses to improve associate productivity, engagement, and performance?

[Assistant] Me@Walmart, MyClub, and Me@Campus


[User] How does Walmart support associates who are on the U.S. Medical Plan?

[Assistant] Walmart supports associates on the U.S. Medical Plan with free virtual visits for medical urgent care and mental health care.


[User] Since when has C. Douglas McMillon been serving as President and Chief Executive Officer of Walmart?

[Assistant] Since February 2014


[User] What role did Daniel J. Bartlett hold before becoming Executive Vice President, Corporate Affairs at Walmart in June 2013?

[Assistant] Chief Executive Officer and President of U.S. Operations at Hill & Knowlton, Inc.


[User] What is the principal business experience of David M. Chojnowski before his current role as Senior Vice President and Controller?

[Assistant] He served as Vice President and Controller, Walmart U.S. from October 2014 to January 2017.


[User] What is the name of the litigation concerning the prescription opiate issue where the Company is included as a defendant?

[Assistant] In re National Prescription Opiate Litigation (MDL No. 2804)


[User] Where is the MDL concerning prescription opiates litigation pending?

[Assistant] U.S. District Court for the Northern District of Ohio


[User] What factors contributed to the reduction in noninterest expenses in 2023?

[Assistant] The reduction in litigation expense and revenue-related compensation helped offset increases in noninterest expenses.


[User] What was the total net charge-offs as a percentage of average loans and leases outstanding in the first quarter of 2023?

[Assistant] 0.25%


[User] How much was the allowance for credit losses at the end of the first quarter of 2023?

[Assistant] $14,551 million


[User] What was the net interest income for the first quarter of 2023?

[Assistant] $14,448 million


[User] What was the book value per common share reported in the financial data?

[Assistant] $33.34


[User] How did the dividend payout rate change according to the financial data?

[Assistant] It decreased from 67.42% to 25.86% over a certain period.


[User] What is the tangible equity ratio considered according to standard financial measures?

[Assistant] The tangible equity ratio is considered a non-GAAP financial measure.


[User] How is Eligible long-term debt to risk-weighted assets ratio presented in multiple years?

[Assistant] The Eligible long-term debt to risk-weighted assets ratio is presented for multiple years with percentages from 14.4% to 15.2%.


[User] What is the percentage yield on Total U.S. interest-bearing deposits as noted in the financial data?

[Assistant] 1.90%


[User] How much is the total net interest income and its corresponding yield on earning assets for the most recent period?

[Assistant] $57,498 and 2.08%


[User] What unique pricing strategies are being deployed by the company to enhance revenue?

[Assistant] The company has developed a dedicated pricing department that has deployed several different strategic pricing structures to increase revenue and profitability, such thierd mapel elimateduropeanogy-followsing-admissionssects as licensing agreements-schools and biotechnonologies profiles. Also, the Stubs loyalty program offers discounted movie tickets on Tuesdays and tiered pricing for movie admissions that vary by geographical market.


[User] What percentage of U.S. admissions revenues in 2023 was attributed to films from the company's seven largest movie studio distributors?

[Assistant] Approximately 84% of the U.S. admissions revenues in 2023 was attributed to films from the company's seven largest movie studio distributors.


[User] What percentage of the box office revenue in the U.S./Canada was generated by the three largest exhibitors in 2023?

[Assistant] approximately 54%


[User] How has the European market compared to the U.S. market in terms of annual spend per customer?

[Assistant] The European market lags the U.S. market in annual spend per customer.


[User] What are the attendance figures for movie theaters in the United Kingdom and Germany in 2023?

[Assistant] United Kingdom had 124.4 million and Germany had 96.3 million.


[User] What are some of the competitive factors faced by the theatrical exhibition industry?

[Assistant] Competition includes other forms of out-of-home entertainment and other distribution channels for filmed entertainment such as video streaming services, cable television, and home video systems.


[User] What are the various diversity, equity, and inclusion councils at AMC?

[Assistant] AMC has five DEI councils including Women (42%), Latinx (27%), African American (19%), Asian American & Pacific Islander (4%), and LGBTQ+ (an emerging number).


[User] What achievements has AMC received in recognition of their work towards diversity and inclusion?

[Assistant] AMC has received a perfect score for 15 consecutive years on the Human Rights Campaign Foundation’s Corporate Equality Index and has been recognized as one of America’s Greatest Workplaces for Diversity by Newsweek.


[User] How does AMC approach compensation and benefits to attract and retain talent?

[Assistant] AMC offers market competitive salaries and wages targeting market median, with compensation programs designed to engage and support business objectives through pay-for-performance and incentive opportunities.


[User] What training and regulatory compliance do AMC associates complete to ensure safety and professionalism?

[Assistant] All Theatre Support Center and Theatre Leadership associates complete in-person and online courses focused on professionalism, safety, and security that meet or exceed regulatory requirements by the EEOC, PCI, SEC, and Sarbanes-Oxley Act.


[User] When did Ravi Radhakrishnan join American Express and from which company did he transfer?

[Assistant] Ravi Radhakrishnan joined American Express in January 2022, transferring from Wells Fargo & Company where he served as Chief Information Officer for the Commercial Banking and Corporate & Investment Banking businesses since May 2020.


[User] What major factors influence the competitiveness of the card-issuing business?

[Assistant] Factors influencing the competitiveness of the card-issaying business include product and service features, value, quality, customer care, rewards programs, partnerships, travel and lifestyle-related benefits, digital and mobile services, reputation and brand recognition, and the number and spending characteristics of customers.


[User] What roles did Elizabeth Rutledge hold before being appointed as Chief Marketing Officer in February 2018?

[Assistant] Prior to her appointment as Chief Marketing Officer in February 2018, Elizabeth Rutledge did not hold any disclosed roles within the company.


[User] What regulatory bodies oversee American Express National Bank (AENB)?

[Assistant] American Express National Bank (AENR) is overseen by the Office of the Comptroller of the Currency (OCC).


[User] How are the capital adequacy ratios of American Express and AENB determined under current federal banking regulations?

[Assistant] Under the Capital Rules, the capital adequacy ratios for American Express and AENB are determined based on risk-weighted assets calculated using a standardized approach, where banking organizations are required to maintain minimum ratios for Common Equity Tier 1 (CET1) capital, Tier 1 capital, and Total capital to risk-weighted assets.


[User] What potential changes were proposed by the U.S. federal bank regulatory agencies in July 2023 regarding capital requirements?

[Assistant] In July 2023, the U.S. federal bank regulatory agencies proposed significantly revising the capital requirements for large banking organizations, including a new expanded risk-based approach for calculating risk-weighted assets. This includes more granular methodologies for credit risk, a new standard for operational risk, and revised treatments of market risks and credit valuation adjustment risks.


[User] What are the eligibility requirements for a financial holding company status under American Express?

[Assistant] American Express must ensure that both the Company and American Express National Bank (AENB) are well-capitalized and well-managed. Additionally, AENB must receive at least a satisfactory rating on its most recent assessment under the Community Reinvestment Act of 1977 to maintain the financial holding company status.


[User] What are the effective minimum capital ratios for the Company and AENB as of July 27, 2023?

[Assistant] The effective minimum capital ratios for the Company are 7.0 percent CET1 capital, 8.5 percent Tier 1 capital, and 10.5 percent Total capital. For AENB, the effective capital ratios are higher due to additional buffer requirements.


[User] What regulatory changes related to the adoption of the CECL methodology occurred in December 2018 and August 2020?

[Assistant] In December 2018, federal banking regulators issued a final rule that introduced an optional three-year phase-in period for the adverse regulatory capital effects of adopting the CECL methodology. In August 2020, they issued another final rule that allows the delay of the estimated impact of the CECL methodology on regulatory capital for up to two years, followed by a 25 percent phase-in once per year.


[User] What are the projected impacts of adopting the expanded risk-based capital approach as proposed?

[Assistant] The adoption of the expanded risk-based capital approach is estimated to consume the capital buffer between the company's minimum regulatory requirements and its current CET1 risk-based capital ratio. The actual impact could materially differ from current estimates due to future rulemaking, changes in regulatory requirements, and management decisions regarding financial strategies.


[User] What drove the 7.4% increase in AutoZone's net sales for fiscal 2023 compared to fiscal 2022?

[Assistant] The 7.4% increase in AutoZone's net sales for fiscal 2023 compared to fiscal 2022 was primarily driven by a domestic same store sales increase of 3.4% and net sales of $327.8 million from new domestic and international stores.


[User] What was the impact of stock repurchases on AutoZone's diluted earnings per share for fiscal 2023?

[Assistant] The impact of stock repurchases on AutoZone's diluted earnings per share for fiscal 2023 was an increase of $1.15.


[User] What was the primary reason for the increase in net cash used in investing activities in fiscal 2023?

[Assistant] An increase in capital expenditures


[User] How much did the company invest in capital assets in fiscal 2023?

[Assistant] $796.7 million


[User] What drove the increase in capital expenditures from fiscal 2022 to fiscal 2023?

[Assistant] Growth initiatives including new stores, hub and mega hub expansion initiatives, and supply chain projects


[User] How many new stores did the company open in fiscal 2023?

[Assistant] 197


[User] What was the available capacity of the revolving credit facility as of August 26, 2023?

[Assistant] $2.2 billion


[User] How much did the company repay in Senior Notes on July 17, 2023?

[Assistant] $500 million


[User] What were the terms of the Senior Notes issued on July 21, 2023?

[Assistant] $450 million in 5.050% Senior Notes due July 2026 and $300 million in 5.200% Senior Notes due August 2033


[User] What was the adjusted debt to EBITDAR ratio for the fiscal year ended August 26, 2023?

[Assistant] 2.3:1


[User] How much did the company's money market funds amount to on December 30, 2023?

[Assistant] $969 million


[User] How much was the statutory federal income tax expense at 21% for the years ended December 30, 2023, December 31, 2022, and December 25, 2021?

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


[User] What was the purpose of the Development and Expansion Incentive granted to the Company in Singapore?

[Assistant] The Development and Expansion Incentive granted to the Company in Singapore was aimed at reducing the local tax rate on Singapore income from a standard rate of 17% to a reduced rate of 5% until 2031, in recognition of the Company's employment and operational commitments related to the acquisition of Xilinx.


[User] What was the net inventory balance of the Company as of December 30, 2023?

[Assistant] $4,351 million


[User] What critical audit matter was highlighted in the recent audit report regarding inventory valuation?

[Assistant] The critical audit matter highlighted was the estimation of excess and obsolescence reserves for inventory which involved significant judgment due to factors such as market conditions and forecasted demand.


[User] What are some leadership development programs offered by Chevron to promote diversity and inclusion?

[Assistant] Chevron offers the Global Women’s Leadership Development Program and Transformational Leadership for Multicultural Women, designed to foster discussion, promote professional growth, and enhance inclusivity.


[User] What is the purpose of the MARC program at Chevron?

[Assistant] The MARC (Men Advocating Real Change) program at Chevron aims to facilitate discussions on gender equity in the workplace.


[User] How many participants has the MARC program had since its inception?

[Assistant] Since its inception, the MARC program has had over 5,000 participants.


[User] What methods does Chevron use in its selection processes to promote inclusivity?

[Assistant] Chevron uses specially trained company leaders as inclusion counselors to challenge group think and unconscious biases during hiring processes.


[User] How often does Chevron conduct employee surveys to assess the health of its culture?

[Assistant] Chevron regularly conducts employee surveys throughout the year to assess the health of its culture.


[User] What was the percentage decrease in total broadband and DSL net additions from 2021 to 2023?

[Assistant] Total broadband and DSL net additions decreased by 40.2% from 2021 to 2023.


[User] What did the Notice of Proposed Rulemaking (NPRM) released by the FCC in 2023 propose regarding broadband internet access service?

[Assistant] The NPRM proposed to reclassify broadband internet access service as a telecommunications service under Title II of the Communications Act of 1934 and reestablish conduct rules for internet service providers.


[User] What actions have some states taken in response to the FCC repealing net neutrality rules?

[Assistant] Some states have adopted legislation or issued executive orders to reimpose net neutrality rules.


[User] What is the status of the California statute related to net neutrality?

[Assistant] The California statute concerning net neutrality is now in effect.


[User] What was the outcome of the litigation regarding the Vermont net neutrality statute?

[Assistant] The litigation challenging the Vermont statute has been stayed pending the Second Circuit’s disposition of an appeal.


[User] What rules did the FCC adopt on November 15, 2023, concerning broadband access?

[Assistant] The FCC adopted rules to facilitate equal access to broadband and prevent digital discrimination in broadband access, which prohibits covered entities from implementing unjustified policies that differentially impact consumers' access.


[User] How much total funding does the Infrastructure Investment and Jobs Act (IIJA) appropriate for broadband support?

[Assistant] The IIJA appropriates $65,000 to support broadband deployment and adoption.


[User] What is the purpose of the Affordable Connectivity Program (ACP) and how much can qualifying customers receive to assist with their internet bill?

[Assistant] The purpose of the Affordable Connectivity Program (ACP) is to provide a monthly, low-income broadband benefit to assist with internet bills, where qualifying customers can receive up to thirty dollars per month or seventy-five dollars for those on Tribal lands.


[User] What would be the effect of a 0.50% decrease in the expected long-term rate of return on 2024 combined pension and postretirement costs?

[Assistant] A 0.50% decrease in the expected long-term rate of return would cause the 2024 combined pension and postretirement costs to increase by $150.


[User] Where are gains and losses on pension and postretirement plan assets and obligations recognized in financial statements?

[Assistant] Gains and losses on pension and postretirement plan assets and obligations are recognized immediately in Other income (expense) - net in the consolidated statements of income.


[User] What were AT&T's total revenues, operations and support expenses, EBITDA, depreciation and amortization, and operating income for the year ended December 31, 2023?

[Assistant] In the year ended December 31, 2023, AT&T reported total revenues of $122,428 million, operations and support expenses of $80,190 million, EBITDA of $42,238 million, depreciation and amortization of $18,777 million, and an operating income of $23,461 million.


[User] What was the operating income for AT&T's Communications segment in 2021?

[Assistant] $26,293 million


[User] Why are some device sales revenue at AT&T not immediately recognized upon the device sale?

[Assistant] Some device sales revenue at AT&T is not immediately recognized upon the sale because these sales often include promotional discounts that are earned by customers over the contract term, which necessitates deferring and amortizing the revenue over the contract duration. Another reason is when sales involve installment payment options, where the complete revenue is recognized upfront at the sale point, but the cash receipt is deferred until the installment payments are made, necessitating the recording of a contract asset that is then amortized.


[User] What impact did extending the amortization period for deferred acquisition and fulfillment contract costs have on AT&T's financials in 2022?

[Assistant] It decreased 'Other cost of revenues' by approximately $395 million, or $0.04 per diluted share from continuing operations for the year ended December 31, 2022.


[User] What was the noncash pre-tax impairment charge recorded due to the disposal of Vrio's operations in 2021, and what are the main components contributing to this amount?

[Assistant] The noncash pre-tax impairment charge for the disposal of Vrio's operations in 2021 was $4,555, mainly consisting of approximately $2,100 related to accumulated foreign currency translation adjustments and $2,500 related to property, plant, and equipment and intangible assets.


[User] How would the impairment charge in the Communications segment change if the weighted average cost of capital increased by 25 basis points?

[Assistant] The impairment charge would have increased by approximately $3,400.


[User] What was the amount of AT&T's currency translation adjustments reported in their investments in equity affiliates for the year 2023?

[Assistant] $61 million


[User] What is the maximum net debt-to-EBITDA ratio that AT&T must maintain under its Revolving Credit Agreement?

[Assistant] 3.75-to-1


[User] What do derivative financial instruments generally hedge against in a corporate financial strategy?

[Assistant] Derivative financial instruments typically hedge against market risks such as interest rate risk and foreign currency exchange risk.


[User] What were the net deferred tax liabilities at December 31, 2023, for the company in the financial summary?

[Assistant] $58,583


[User] What were the clinical trial results for Skyrizi in the Phase 3 maintenance study called COMMAND related to ulcerative colitis?

[Assistant] Skyrizi met the primary and key secondary endpoints.


[User] What was the outcome of the Phase 4 IMMpulse study comparing Skyrizi and Otezla for moderate plaque psoriasis?

[Assistant] Skyrizi showed significantly more patients achieving co-primary endpoints compared to Otezla and was well-tolerated with no new safety signals.


[User] What results did AbbVie announce concerning the Phase 3 SEQUENCE study about Skyrizi for Crohn's disease in September 2023?

[Assistant] Skyrizi met both primary endpoints at week 24, achieved superiority of endoscopic remission at week 48 versus Stelara, and all secondary endpoints achieved statistical significance.


[User] What significant outcome was presented in AbbVie's Phase 2 trial results for Lutikizumab in 2024?

[Assistant] Adults with moderate to severe hidradenitis suppurativa who had failed anti-TNF therapy and received Lutikizumab showed higher response rates at week 16 compared to placebo.


[User] In which region was Produodopa (ABBV-951) launched for the treatment of advanced Parkinson's disease in January 2024?

[Assistant] European Union


[User] What financial measure does AbbVie believe provides a more complete understanding of the company's operations when used along with the GAAP measure?

[Assistant] Change in net revenues at constant currency rates


[User] What was the percentage change in Humira's revenue in the United States from the year 2023 compared to 2022?

[Assistant] -34.7%


[User] What was the net revenue of AbbVie in the United States in 2023?

[Assistant] $41,883 million


[User] What was the percentage increase in Botox Therapeutic revenue in the United States from 2021 to 2023?

[Assistant] 9.8%


[User] How much did Vraylar revenue grow in the United States between 2021 and 2023?

[Assistant] 35.2%


[User] What financial impacts did the Company report as a result of its Restructuring Plan for the fiscal years ended June 30, 2023 and 2022?

[Assistant] The Company reported total charges of $332.4 million in 2023 and $611.3 million in 2022 as a result of its Restructuring Plan. This included various cash and non-cash charges such as severance and other personnel costs, exit and disposal costs, professional fees, asset write-downs and write-offs, stock-based compensation expense, and inventory write-offs related to restructuring activities.


[User] What were the total impairment charges for the fiscal year ended June 30, 2022, and how did they affect the carrying value of the affected asset groups?

[Assistant] The total impairment charges for the fiscal year ended June 30, 2022, were $57.6 million for Connected Fitness assets, $21.3 million for manufacturing equipment, $19.0 million for Peloton Output Park, and $15.9 million for acquired technology. These charges reduced the carrying value of these asset groups from $222.9 million to $109.1 million.


[User] What factors influence the calculation of future lease payments for new operating leases according to the company's practices?

[Assistant] Future lease payments for new operating leases are calculated based on an index or rate at the lease commencement date.


[User] What are the conditions under which the company may redeem the Notes for cash?

[Assistant] The company may redeem the Notes for cash on or after February 20, 2024 and on or before the 20th scheduled trading day immediately before the maturity date. Redemption is contingent upon the condition that the last reported sale price per share of the Class A common stock exceeds 130% of the conversion price on each of at least 20 trading days during a 30-day period ending the day immediately preceding the notice of redemption, and also on the trading day immediately before the notice is sent.


[User] What are the interest rates applicable to the Consenting and Non-Consenting Commitments under the Second Amended and Restated Credit Agreement?

[Assistant] The Consenting Commitments under the Second Amended and Restated Credit Agreement have an interest rate option of either the defined Rate plus 2.25% per annum or the Alternate Base Rate plus 1.25% per annum. For the Non-Consenting Commitments, the interest rate is either at the Adjusted Term SOFR Rate plus 2.75% per annum or the Alternate Base Rate plus 1.75% per annum.


[User] What were the allegations made against Peloton Interactive, Inc. in the consolidated securities class action lawsuit involving the City of Hialeah Employees' Retirement System and Anastasia Deulina?

[Assistant] The lawsuit alleged that the defendants made false and/or misleading statements about the demand for the company’s products and the reasons for the company's inventory growth, and engaged in improper trading practices in violation of Sections 10(b) and 20A of the Exchange Act.


[User] What changes occurred to the stock option activity under the 2019 Equity Incentive Plan from June 30, 2022, to June 30, 2023?

[Assistant] From June 30, 2022, to June 30, 2023, under the 2019 Equity Incentive Plan, the number of outstanding stock options decreased from 61,815,926 to 42,999,273, primarily due to options being exercised, forfeited, or expired. Additionally, new options were granted during this period.


[User] What were the assumptions used in the Black-Scholes option pricing model for calculating the fair value of shares for the ESPP offering periods that commenced in fiscal year 2023?

[Assistant] The assumptions used in the Black-Scholes option pricing model included a weighted average risk-free interest rate of 0.9%, a weighted average expected term of 1.3 years, a weighted average expected volatility of 88.2%, and an expected dividend yield of zero.


[User] What was the conclusion of the Company's review regarding the impact of the American Rescue Plan, the Consolidated Appropriations Act, 2021, and related tax provisions on its business for the fiscal year ended June 30, 2023?

[Assistant] The Company determined that the American Rescue Plan, the Consolidated Appropriations Act, 2021, and related tax provisions, including extensions and repeals of certain financial regulations, had no material impact on its business for the fiscal year ended June 30, 2023.


[User] What happens to the dilutive effect of shares issued under the Notes if shares are delivered to the Company under the Capped Call Transactions during the conversion?

[Assistant] If shares are delivered to the Company under the Capped Call Transactions during the conversion of the Notes, they will offset the dilutive effect of the shares that the Company would issue under the Notes.


[User] What are the pricing mechanisms for crude oil sales contracts in Israel?

[Assistant] The sales contracts for Israel incorporate pricing that generally involves an initial base price subject to indexation linked to Brent crude oil or other benchmarks over the life of the contract.


[User] Can the company satisfy its contracts using its proven developed reserves in the contracted countries?

[Assistant] Yes, the company can satisfy these contracts from quantities available from production of the company’s proved developed reserves in these countries.


[User] What information about the company’s development activities is available in the referenced table?

[Assistant] The table provides details about the company’s development expenditures and costs of proved property acquisitions for 2023, 2022, and 2021.


[User] How are development wells defined?

[Assistant] A development well is defined as a well drilled within the known area of a crude oil or natural gas reservoir to the depth of a stratigraphic horizon known to be productive.


[User] What does the summary table indicate about the company's activities at the end of 2023?

[Assistant] The summary table indicates the company's net interest in productive and dry development wells completed over the past three years and the status of drilling at December 31, 2023.


[User] What are exploratory wells and how do they differ from development wells?

[Assistant] Exploratory wells are drilled to find and produce crude oil or natural gas in unknown areas, including delineation and appraisal wells. They differ from development wells, which are drilled within known productive areas.


[User] How did Chevron's development strategy in the Permian Basin contribute to its productivity?

[Assistant] Chevron's development strategy in the Permian Basin included a factory development approach with multi-well pads, hydraulic fracture stimulation, and technological advancements, which together enhanced productivity across various geological locations.


[User] What significant acquisitions did Chevron complete in 2023 to enhance its operations?

[Assistant] In 2023, Chevron completed the acquisition of PDC, adding substantial acreage in west Texas to its position.


[User] What is Chevron's production average for crude oil in the Permian Basin in 2023?

[Assistant] In 2023, Chevron's average net daily production in the Permian Basin was 359,000 barrels of crude oil.


[User] What is the expected first oil date for the project located in Area B of Block 0?

[Assistant] Fourth quarter 2025


[User] What were the pre-tax earnings of the manufacturing sector in 2023, 2022, and 2021?

[Assistant] The pre-tax earnings of the manufacturing sector were $11,445 million in 2023, $11,177 million in 2022, and $9,841 million in 2021.


[User] How much did IMC's pre-tax earnings increase by in 2023 compared to 2022?

[Assistant] IMC's pre-tax earnings increased by 6.9% in 2023 compared to 2022.


[User] What were the main reasons for the increase in IMC's pre-tax earnings in 2023?

[Assistant] The increase in IMC's pre-tax earnings in 2023 was mainly due to higher interest income and, to a lesser extent, increased operating earnings.


[User] What factors contributed to the change in IMC’s pre-tax earnings in 2022 compared to 2021?

[Assistant] IMC’s pre-tax earnings decreased in 2022 compared to 2021 due to lower average gross sales margins from changes in product sales mix and higher raw material costs, along with unfavorable foreign currency translation effects and the Russian-Ukraine conflict.


[User] What was the percentage increase in Clayton Homes' revenues from 2021 to 2022?

[Assistant] Clayton Homes' revenues increased by 21.1% from 2021 to 2022.


[User] How did the unit sales of new homes change in the fourth quarter of 2022 compared to 2021?

[Assistant] Unit sales in the fourth quarter of 2022 declined by 3.9% compared to 2021.


[User] What was the impact of the Jazwares acquisition on the consumer products group's revenues in 2023?

[Assistant] The Jazwares acquisition contributed $1.3 billion to the consumer products group's revenues in 2023.


[User] What was the reason for the decline in TTI's revenue in 2023 compared to 2022?

[Assistant] The decline in TTI's revenue in 2023 compared to 2022 was primarily due to new orders slowing down in several regions, especially in the Asia-Pacific region, which was impacted by elevated customer inventory levels and increasing price competition.


[User] What percentage of McLane's consolidated sales in 2023 was comprised by grocery sales?

[Assistant] 62%


[User] How much did McLane's revenues decrease in 2023 compared to 2022?

[Assistant] $602 million


[User] When was AT&T Inc. incorporated and under which state's laws?

[Assistant] AT&T Inc. was incorporated under the laws of the State of Delaware in 1983.


[User] What is the location of AT&T Inc.'s principal executive offices?

[Assistant] The principal executive offices of AT&T Inc. are located at 208 S. Akard St., Dallas, Texas, 75202.


[User] When did AT&T acquire BellSouth Corporation?

[Assistant] AT&T acquired BellSouth Corporation in 2006.


[User] What business segment of AT&T focuses on delivering nationwide wireless service and equipment?

[Assistant] The Mobility business segment of AT&T focuses on providing nationwide wireless service and equipment.


[User] When did AT&T first become a publicly traded company?

[Assistant] AT&T first became a publicly traded company on January 1, 1984, after being spun-off from ATTC.


[User] What significant telecom industry transaction did AT&T complete in 2006?

[Assistant] In 2006, AT&T completed the acquisition of ILEC BellSouth Corporation.


[User] When did AT&T Inc. change its name from SBC Communications Inc.?

[Assistant] AT&T Inc. changed its name from SBC Communications Inc. in 2005.


[User] How did AT&T expand its communications operations and offerings through acquisitions mentioned in its history?

[Assistant] AT&T expanded its communications footprint and operations through mergers with Pacific Telesis Group in 1997, Ameritech Corporation in 1999, and acquisitions of ATTC in 2005, BellSouth in 2006, Leap Wireless International in 2014, properties in Mexico and DIRECTV in 2015.


[User] How many fiber consumer wireline broadband customers did the company have at the end of the year?

[Assistant] 8.3 million


[User] What is the total number of Mobility subscribers served by the company as of December 31, 2023?

[Assistant] 242 million


[User] What does the Federal Reserve require from major U.S. BHCs annually concerning capital planning?

[Assistant] The Federal Reserve requires major U.S. BHCs to submit a capital plan annually as part of the Comprehensive Capital Analysis and Review (CCAR).


[User] What authority can the FDIC invoke during the liquidation of a financial institution under certain determinations by the Secretary of the Treasury?

[Assistant] The FDIC can invoke the orderly liquidation authority.


[User] What are the limits set by the Riegle-Neal Act for a BHC acquiring banks located out of its home state?

[Assistant] The BHC cannot control more than 10% of the total deposits of insured depository institutions in the U.S. or more than 30% or the limit set by state law of the deposits in that state.


[User] What activities does the Volcker Rule permit for banking entities despite restrictions on proprietary trading?

[Assistant] The Volcker Rule permits activities such as market making, underwriting, hedging, and trading in government obligations, among others.


[User] What type of matters are encompassed within Item 3. Legal Proceedings in a financial report?

[Assistant] Litigation and Regulatory Matters are encompassed within Item 3. Legal Proceedings.


[User] What are the main business segments of Bank of America as mentioned in their management's discussion and analysis?

[Assistant] The main business segments of Bank of America include Consumer Banking, Global Wealth & Investment Management, Global Banking, Global Markets, and All Other.


[User] What is the extent of Bank of America's operations as of December 31, 2023?

[Assistant] As of December 31, 2023, Bank of America had operations across the U.S., its territories, and more than 35 countries with a retail banking footprint covering all major markets in the U.S.


[User] What was the change in noninterest expense for Bank of America from 2022 to 2023?

[Assistant] $4.4 billion


[User] What was the quarterly dividend declared by Bank of America's board of directors on January 31, 2024?

[Assistant] $0.24 per share


[User] What was the main driver behind the increase in the provision for credit losses at Bank of America in 2023?

[Assistant] Consumer portfolio driven by credit card loan growth and asset quality


[User] What impact did macroeconomic pressures such as inflation have on the business environment according to the company?

[Assistant] The company noted that inflation and other macroeconomic pressures contributed to an increasingly complex business environment affecting operational results.


[User] How much did the company's Adjusted EBITDA grow in 2023?

[Assistant] The company's Adjusted EBITDA grew by 26% in 2023.


[User] What does GBV represent in the financial context of a company?

[Assistant] GBV represents the total dollar value of bookings on a company's platform, which includes host earnings, service fees, cleaning fees, and taxes, and is adjusted for any cancellations and alterations within a specific period.


[User] How is revenue from bookings recognized in terms of GBV?

[Assistant] Revenue from bookings is recognized upon check-in.


[User] When is the entire booking amount reflected in GBV?

[Assistant] The entire booking amount is reflected in GBV during the quarter in which the booking occurs.


[User] What factors contributed to the increase in GBV in 2023 compared to 2022?

[Assistant] The increase in GBV in 2023 was primarily due to an increase in Nights and Experiences Booked and a modest increase in Average Daily Rate (ADR).


[User] What does Adjusted EBITDA exclude from its calculation?

[Assistant] Adjusted EBITDA excludes items like provision for income taxes, interest income and expense, depreciation and amortization, stock-based compensation expenses, acquisition-related impacts, changes in lodging tax reserves, and restructuring charges.


[User] What does Free Cash Flow indicate about a company's financial health?

[Assistant] Free Cash Flow indicates the amount of cash generated from operations after purchases of property and equipment, which can be used for strategic initiatives such as investments and strengthening the balance sheet.


[User] How does Free Cash Flow differ from net cash provided by operating activities?

[Assistant] Free Cash Flow is calculated by subtracting purchases of property and equipment from net cash provided by operating activities.


[User] What was the percentage increase in Free Cash Flow Margin from the previous year to 2023?

[Assistant] The Free Cash Flow Margin increased from 39% to 41% from the previous year to 2023.


[User] What was Caterpillar's consolidated net worth at the end of 2023, and what was the minimum required under the Credit Facility?

[Assistant] Caterpillar’s consolidated net worth at the end of 2023 was $19.55 billion, which was above the $9.00 billion required under the Credit Facility.


[User] What were Caterpillar's total obligations for the purchase of goods and services as of December 31, 2023?

[Assistant] $7.91 billion


[User] How much did the company contribute to its pension and OPEB plans in 2023?

[Assistant] $361 million.