Caution! The site can't guarantee, that text has age permission. The site is not recommended, if you are less than 18 years old.
The site shows example sentences for English words. How the word or phrase could be used in a sentence?
" ... The first quarter 2021 GAAP result included a net benefit of $2.4 Billion, or $2.70 per fully diluted share comprised of an after-tax market-to-market pension benefit of $2.5 Billion and after-tax transformation and other charges of $140 Million. The benefit was driven by the enactment of the American Rescue Plan Act of 2021 which was signed into law March 11, 2021. It protects certain multi-employees’ pension plans from becoming insolvent through 2051, thereby eliminating UPS’s liability or potential coordinating benefits related to the Central States Pension Fund. Enactment of the American Rescue Plan Act required UPS to remeasure its UPS IBT Pension plan at current discount rates, which have increased since the previous measurement date. The overall result was a reduction in the pension liability of $6.4 billion. ... "
" ... The provision for income taxes for 2012 included a $300 million benefit for adjusting prior year taxes and interest primarily to reflect a settlement reached with the U.S. Internal Revenue Service (IRS) for tax years 2000 to 2006. The largest drivers of the settlement benefit were a $188 million benefit to remeasure and recognize previously unrecognized tax benefits and a $96 million benefit to adjust related interest and penalties, net of tax. This benefit was offset by a negative impact from nondeductible goodwill of $203 million related to the ERA Mining Machinery Limited (Siwei) goodwill impairment and $115 million related to the divestiture of portions of the Bucyrus distribution business. See Note 10 and Note 25 for more information. ... "