metadata
language:
- en
license: apache-2.0
tags:
- sentence-transformers
- sentence-similarity
- feature-extraction
- generated_from_trainer
- dataset_size:135
- loss:MatryoshkaLoss
- loss:MultipleNegativesRankingLoss
base_model: BAAI/bge-base-en-v1.5
widget:
- source_sentence: |-
Table of Contents
Consolidated Statements of Earnings
$ and shares in millions, except per share amounts
Fiscal Years Ended
January 28, 2017
January 30, 2016
January 31, 2015
Revenue
$
39,403
$
39,528
$
40,339
Costofgoodssold
29,963
30,334
31,292
Restructuringchargescostofgoodssold
3
Grossprofit
9,440
9,191
9,047
Selling,generalandadministrativeexpenses
7,547
7,618
7,592
Restructuringcharges
39
198
5
Operatingincome
1,854
1,375
1,450
Otherincome(expense)
Gainonsaleofinvestments
3
2
13
Investmentincomeandother
31
13
14
Interestexpense
(72)
(80)
(90)
Earningsfromcontinuingoperationsbeforeincometaxexpense
1,816
1,310
1,387
Incometaxexpense
609
503
141
Netearningsfromcontinuingoperations
1,207
807
1,246
Gain(loss)fromdiscontinuedoperations(Note2),netoftaxexpenseof$7,$1and$0
21
90
(11)
Netearningsincludingnoncontrollinginterests
1,228
897
1,235
Netearningsfromdiscontinuedoperationsattributabletononcontrollinginterests
(2)
NetearningsattributabletoBestBuyCo.,Inc.shareholders
$
1,228
$
897
$
1,233
Basicearnings(loss)pershareattributabletoBestBuyCo.,Inc.shareholders
Continuingoperations
$
3.79
$
2.33
$
3.57
Discontinuedoperations
0.07
0.26
(0.04)
Basicearningspershare
$
3.86
$
2.59
$
3.53
Dilutedearnings(loss)pershareattributabletoBestBuyCo.,Inc.shareholders
Continuingoperations
$
3.74
$
2.30
$
3.53
Discontinuedoperations
0.07
0.26
(0.04)
Dilutedearningspershare
$
3.81
$
2.56
$
3.49
Weighted-averagecommonsharesoutstanding
Basic
318.5
346.5
349.5
Diluted
322.6
350.7
353.6
SeeNotestoConsolidatedFinancialStatements.
54
Table of Contents
Consolidated Statements of Earnings
$ and shares in millions, except per share amounts
Fiscal Years Ended
January 28, 2017
January 30, 2016
January 31, 2015
Revenue
$
39,403
$
39,528
$
40,339
Costofgoodssold
29,963
30,334
31,292
Restructuringchargescostofgoodssold
3
Grossprofit
9,440
9,191
9,047
Selling,generalandadministrativeexpenses
7,547
7,618
7,592
Restructuringcharges
39
198
5
Operatingincome
1,854
1,375
1,450
Otherincome(expense)
Gainonsaleofinvestments
3
2
13
Investmentincomeandother
31
13
14
Interestexpense
(72)
(80)
(90)
Earningsfromcontinuingoperationsbeforeincometaxexpense
1,816
1,310
1,387
Incometaxexpense
609
503
141
Netearningsfromcontinuingoperations
1,207
807
1,246
Gain(loss)fromdiscontinuedoperations(Note2),netoftaxexpenseof$7,$1and$0
21
90
(11)
Netearningsincludingnoncontrollinginterests
1,228
897
1,235
Netearningsfromdiscontinuedoperationsattributabletononcontrollinginterests
(2)
NetearningsattributabletoBestBuyCo.,Inc.shareholders
$
1,228
$
897
$
1,233
Basicearnings(loss)pershareattributabletoBestBuyCo.,Inc.shareholders
Continuingoperations
$
3.79
$
2.33
$
3.57
Discontinuedoperations
0.07
0.26
(0.04)
Basicearningspershare
$
3.86
$
2.59
$
3.53
Dilutedearnings(loss)pershareattributabletoBestBuyCo.,Inc.shareholders
Continuingoperations
$
3.74
$
2.30
$
3.53
Discontinuedoperations
0.07
0.26
(0.04)
Dilutedearningspershare
$
3.81
$
2.56
$
3.49
Weighted-averagecommonsharesoutstanding
Basic
318.5
346.5
349.5
Diluted
322.6
350.7
353.6
SeeNotestoConsolidatedFinancialStatements.
54
sentences:
- >-
As of May 26, 2023, what is the total amount Pepsico may borrow under
its unsecured revolving credit agreements?
- In 2022 Q2, which of JPM's business segments had the highest net income?
- >-
In agreement with the information outlined in the income statement, what
is the FY2015 - FY2017 3 year average net profit margin (as a %) for
Best Buy? Answer in units of percents and round to one decimal place.
- source_sentence: >-
Lockheed Martin Corporation
Consolidated Statements of Earnings
(in millions, except per share data)
Years Ended December 31,
2022
2021
2020
Net sales
Products
$
55,466 $
56,435 $
54,928
Services
10,518
10,609
10,470
Total net sales
65,984
67,044
65,398
Cost of sales
Products
(49,577)
(50,273)
(48,996)
Services
(9,280)
(9,463)
(9,371)
Severance and other charges
(100)
(36)
(27)
Other unallocated, net
1,260
1,789
1,650
Total cost of sales
(57,697)
(57,983)
(56,744)
Gross profit
8,287
9,061
8,654
Other income (expense), net
61
62
(10)
Operating profit
8,348
9,123
8,644
Interest expense
(623)
(569)
(591)
Non-service FAS pension (expense) income
(971)
(1,292)
219
Other non-operating (expense) income, net
(74)
288
(37)
Earnings from continuing operations before income taxes
6,680
7,550
8,235
Income tax expense
(948)
(1,235)
(1,347)
Net earnings from continuing operations
5,732
6,315
6,888
Net loss from discontinued operations
(55)
Net earnings
$
5,732 $
6,315 $
6,833
Earnings (loss) per common share
Basic
Continuing operations
$
21.74 $
22.85 $
24.60
Discontinued operations
(0.20)
Basic earnings per common share
$
21.74 $
22.85 $
24.40
Diluted
Continuing operations
$
21.66 $
22.76 $
24.50
Discontinued operations
(0.20)
Diluted earnings per common share
$
21.66 $
22.76 $
24.30
The accompanying notes are an integral part of these consolidated
financial statements.
Table of Contents
63
Lockheed Martin Corporation
Consolidated Statements of Earnings
(in millions, except per share data)
Years Ended December 31,
2022
2021
2020
Net sales
Products
$
55,466 $
56,435 $
54,928
Services
10,518
10,609
10,470
Total net sales
65,984
67,044
65,398
Cost of sales
Products
(49,577)
(50,273)
(48,996)
Services
(9,280)
(9,463)
(9,371)
Severance and other charges
(100)
(36)
(27)
Other unallocated, net
1,260
1,789
1,650
Total cost of sales
(57,697)
(57,983)
(56,744)
Gross profit
8,287
9,061
8,654
Other income (expense), net
61
62
(10)
Operating profit
8,348
9,123
8,644
Interest expense
(623)
(569)
(591)
Non-service FAS pension (expense) income
(971)
(1,292)
219
Other non-operating (expense) income, net
(74)
288
(37)
Earnings from continuing operations before income taxes
6,680
7,550
8,235
Income tax expense
(948)
(1,235)
(1,347)
Net earnings from continuing operations
5,732
6,315
6,888
Net loss from discontinued operations
(55)
Net earnings
$
5,732 $
6,315 $
6,833
Earnings (loss) per common share
Basic
Continuing operations
$
21.74 $
22.85 $
24.60
Discontinued operations
(0.20)
Basic earnings per common share
$
21.74 $
22.85 $
24.40
Diluted
Continuing operations
$
21.66 $
22.76 $
24.50
Discontinued operations
(0.20)
Diluted earnings per common share
$
21.66 $
22.76 $
24.30
The accompanying notes are an integral part of these consolidated
financial statements.
Table of Contents
63
sentences:
- >-
What is Lockheed Martin's 2 year total revenue CAGR from FY2020 to
FY2022 (in units of percents and round to one decimal place)? Provide a
response to the question by primarily using the statement of income.
- >-
When primarily referencing the income statement and the statement of
financial position, what is the FY2021 inventory turnover ratio for
Nike? Inventory turnover ratio is defined as: (FY2021 COGS) / (average
inventory between FY2020 and FY2021). Round your answer to two decimal
places.
- >-
Does 3M have a reasonably healthy liquidity profile based on its quick
ratio for Q2 of FY2023? If the quick ratio is not relevant to measure
liquidity, please state that and explain why.
- source_sentence: >-
TableofContents
Consolidated Statements of Income
Corning Incorporated and Subsidiary Companies
YearendedDecember31,
(Inmillions,exceptpershareamounts)
2021
2020
2019
Netsales
$
14,082 $
11,303 $
11,503
Costofsales
9,019
7,772
7,468
Grossmargin
5,063
3,531
4,035
Operatingexpenses:
Selling,generalandadministrativeexpenses
1,827
1,747
1,585
Research,developmentandengineeringexpenses
995
1,154
1,031
Amortizationofpurchasedintangibles
129
121
113
Operatingincome
2,112
509
1,306
Equityinearnings(losses)ofaffiliatedcompanies(Note3)
35
(25)
17
Interestincome
11
15
21
Interestexpense
(300)
(276)
(221)
Translatedearningscontractgain(loss),net(Note15)
354
(38)
248
Transaction-relatedgain,net(Note4)
498
Otherincome(expense),net
185
(60)
(155)
Incomebeforeincometaxes
2,397
623
1,216
Provisionforincometaxes(Note8)
(491)
(111)
(256)
NetincomeattributabletoCorningIncorporated
$
1,906 $
512 $
960
EarningspercommonshareattributabletoCorningIncorporated:
Basic(Note18)
$
1.30 $
0.54 $
1.11
Diluted(Note18)
$
1.28 $
0.54 $
1.07
ReconciliationofnetincomeattributabletoCorningIncorporatedversusnetincomeavailabletocommon
shareholders:
NetincomeattributabletoCorningIncorporated
$
1,906 $
512 $
960
SeriesAconvertiblepreferredstockdividend
(24)
(98)
(98)
Excessconsiderationpaidforredemptionofpreferredstock(1)
(803)
Netincomeavailabletocommonshareholders
$
1,079 $
414 $
862
(1)
RefertoNote17(Shareholders'Equity)andNote18(EarningsperCommonShare)totheconsolidatedfinancialstatementsforadditionalinformation.
Theaccompanyingnotesareanintegralpartoftheseconsolidatedfinancialstatements.
65
TableofContents
Consolidated Statements of Income
Corning Incorporated and Subsidiary Companies
YearendedDecember31,
(Inmillions,exceptpershareamounts)
2021
2020
2019
Netsales
$
14,082 $
11,303 $
11,503
Costofsales
9,019
7,772
7,468
Grossmargin
5,063
3,531
4,035
Operatingexpenses:
Selling,generalandadministrativeexpenses
1,827
1,747
1,585
Research,developmentandengineeringexpenses
995
1,154
1,031
Amortizationofpurchasedintangibles
129
121
113
Operatingincome
2,112
509
1,306
Equityinearnings(losses)ofaffiliatedcompanies(Note3)
35
(25)
17
Interestincome
11
15
21
Interestexpense
(300)
(276)
(221)
Translatedearningscontractgain(loss),net(Note15)
354
(38)
248
Transaction-relatedgain,net(Note4)
498
Otherincome(expense),net
185
(60)
(155)
Incomebeforeincometaxes
2,397
623
1,216
Provisionforincometaxes(Note8)
(491)
(111)
(256)
NetincomeattributabletoCorningIncorporated
$
1,906 $
512 $
960
EarningspercommonshareattributabletoCorningIncorporated:
Basic(Note18)
$
1.30 $
0.54 $
1.11
Diluted(Note18)
$
1.28 $
0.54 $
1.07
ReconciliationofnetincomeattributabletoCorningIncorporatedversusnetincomeavailabletocommon
shareholders:
NetincomeattributabletoCorningIncorporated
$
1,906 $
512 $
960
SeriesAconvertiblepreferredstockdividend
(24)
(98)
(98)
Excessconsiderationpaidforredemptionofpreferredstock(1)
(803)
Netincomeavailabletocommonshareholders
$
1,079 $
414 $
862
(1)
RefertoNote17(Shareholders'Equity)andNote18(EarningsperCommonShare)totheconsolidatedfinancialstatementsforadditionalinformation.
Theaccompanyingnotesareanintegralpartoftheseconsolidatedfinancialstatements.
65
sentences:
- >-
Taking into account the information outlined in the income statement,
what is the FY2019 - FY2021 3 year average unadjusted operating income %
margin for Corning? Answer in units of percents and round to one decimal
place.
- >-
We want to calculate a financial metric. Please help us compute it by
basing your answers off of the cash flow statement and the income
statement. Here's the question: what is the FY2022 retention ratio
(using total cash dividends paid and net income attributable to
shareholders) for General Mills? Round answer to two decimal places.
- >-
What is Netflix's year end FY2017 total current liabilities (in USD
millions)? Base your judgments on the information provided primarily in
the balance sheet.
- source_sentence: >-
Forward-Looking Statements
This Annual Report on Form 10-K contains statements reflecting our views
about our future performance that constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 (Reform Act).
Statements that constitute forward-looking statements within the meaning
of the Reform Act are generally identified through the
inclusion of words such as aim, anticipate, believe, drive, estimate,
expect, expressed confidence, forecast,
future, goal, guidance, intend, may, objective, outlook, plan, position,
potential, project, seek,
should, strategy, target, will or similar statements or variations of such
words and other similar expressions. All
statements addressing our future operating performance, and statements
addressing events and developments that we expect or
anticipate will occur in the future, are forward-looking statements within
the meaning of the Reform Act. These forward-looking
statements are based on currently available information, operating plans
and projections about future events and trends. They
inherently involve risks and uncertainties that could cause actual results
to differ materially from those predicted in any such
forward-looking statement. These risks and uncertainties include, but are
not limited to, those described in Item 1A. Risk
Factors and Item 7. Managements Discussion and Analysis of Financial
Condition and Results of Operations Our Business
Our Business Risks. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak
only as of the date they are made. We undertake no obligation to update
any forward-looking statement, whether as a result of
new information, future events or otherwise. The discussion of risks in
this report is by no means all-inclusive but is designed to
highlight what we believe are important factors to consider when
evaluating our future performance.
PART I
Item 1. Business.
When used in this report, the terms we, us, our, PepsiCo and the Company
mean PepsiCo, Inc. and its consolidated
subsidiaries, collectively. Certain terms used in this Annual Report on
Form 10-K are defined in the Glossary included in Item 7.
of this report.
Company Overview
We were incorporated in Delaware in 1919 and reincorporated in North
Carolina in 1986. We are a leading global beverage and
convenient food company with a complementary portfolio of brands,
including Lays, Doritos, Cheetos, Gatorade, Pepsi-Cola,
Mountain Dew, Quaker and SodaStream. Through our operations, authorized
bottlers, contract manufacturers and other third
parties, we make, market, distribute and sell a wide variety of beverages
and convenient foods, serving customers and consumers
in more than 200 countries and territories.
Our Operations
We are organized into seven reportable segments (also referred to as
divisions), as follows:
1) Frito-Lay North America (FLNA), which includes our branded convenient
food businesses in the United States and
Canada;
2) Quaker Foods North America (QFNA), which includes our branded
convenient food businesses, such as cereal, rice, pasta
and other branded food, in the United States and Canada;
3) PepsiCo Beverages North America (PBNA), which includes our beverage
businesses in the United States and Canada;
4) Latin America (LatAm), which includes all of our beverage and
convenient food businesses in Latin America;
5) Europe, which includes all of our beverage and convenient food
businesses in Europe;
Table of Contents
Forward-Looking Statements
This Annual Report on Form 10-K contains statements reflecting our views
about our future performance that constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 (Reform Act).
Statements that constitute forward-looking statements within the meaning
of the Reform Act are generally identified through the
inclusion of words such as aim, anticipate, believe, drive, estimate,
expect, expressed confidence, forecast,
future, goal, guidance, intend, may, objective, outlook, plan, position,
potential, project, seek,
should, strategy, target, will or similar statements or variations of such
words and other similar expressions. All
statements addressing our future operating performance, and statements
addressing events and developments that we expect or
anticipate will occur in the future, are forward-looking statements within
the meaning of the Reform Act. These forward-looking
statements are based on currently available information, operating plans
and projections about future events and trends. They
inherently involve risks and uncertainties that could cause actual results
to differ materially from those predicted in any such
forward-looking statement. These risks and uncertainties include, but are
not limited to, those described in Item 1A. Risk
Factors and Item 7. Managements Discussion and Analysis of Financial
Condition and Results of Operations Our Business
Our Business Risks. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak
only as of the date they are made. We undertake no obligation to update
any forward-looking statement, whether as a result of
new information, future events or otherwise. The discussion of risks in
this report is by no means all-inclusive but is designed to
highlight what we believe are important factors to consider when
evaluating our future performance.
PART I
Item 1. Business.
When used in this report, the terms we, us, our, PepsiCo and the Company
mean PepsiCo, Inc. and its consolidated
subsidiaries, collectively. Certain terms used in this Annual Report on
Form 10-K are defined in the Glossary included in Item 7.
of this report.
Company Overview
We were incorporated in Delaware in 1919 and reincorporated in North
Carolina in 1986. We are a leading global beverage and
convenient food company with a complementary portfolio of brands,
including Lays, Doritos, Cheetos, Gatorade, Pepsi-Cola,
Mountain Dew, Quaker and SodaStream. Through our operations, authorized
bottlers, contract manufacturers and other third
parties, we make, market, distribute and sell a wide variety of beverages
and convenient foods, serving customers and consumers
in more than 200 countries and territories.
Our Operations
We are organized into seven reportable segments (also referred to as
divisions), as follows:
1) Frito-Lay North America (FLNA), which includes our branded convenient
food businesses in the United States and
Canada;
2) Quaker Foods North America (QFNA), which includes our branded
convenient food businesses, such as cereal, rice, pasta
and other branded food, in the United States and Canada;
3) PepsiCo Beverages North America (PBNA), which includes our beverage
businesses in the United States and Canada;
4) Latin America (LatAm), which includes all of our beverage and
convenient food businesses in Latin America;
5) Europe, which includes all of our beverage and convenient food
businesses in Europe;
2
6) Africa, Middle East and South Asia (AMESA), which includes all of our
beverage and convenient food businesses in
Africa, the Middle East and South Asia; and
7) Asia Pacific, Australia and New Zealand and China Region (APAC), which
includes all of our beverage and convenient
food businesses in Asia Pacific, Australia and New Zealand, and China
region.
Table of Contents
6) Africa, Middle East and South Asia (AMESA), which includes all of our
beverage and convenient food businesses in
Africa, the Middle East and South Asia; and
7) Asia Pacific, Australia and New Zealand and China Region (APAC), which
includes all of our beverage and convenient
food businesses in Asia Pacific, Australia and New Zealand, and China
region.
Frito-Lay North America
Either independently or in conjunction with third parties, FLNA makes,
markets, distributes and sells branded convenient
foods. These foods include branded dips, Cheetos cheese-flavored snacks,
Doritos tortilla chips, Fritos corn chips, Lays potato
chips, Ruffles potato chips and Tostitos tortilla chips. FLNAs branded
products are sold to independent distributors and retailers.
In addition, FLNAs joint venture with Strauss Group makes, markets,
distributes and sells Sabra refrigerated dips and spreads.
Quaker Foods North America
Either independently or in conjunction with third parties, QFNA makes,
markets, distributes and sells branded convenient foods,
which include cereals, rice, pasta and other branded products. QFNAs
products include Capn Crunch cereal, Life cereal, Pearl
Milling Company syrups and mixes, Quaker Chewy granola bars, Quaker grits,
Quaker oatmeal, Quaker rice cakes, Quaker
Simply Granola and Rice-A-Roni side dishes. QFNAs branded products are
sold to independent distributors and retailers.
PepsiCo Beverages North America
Either independently or in conjunction with third parties, PBNA makes,
markets and sells beverage concentrates, fountain syrups
and finished goods under various beverage brands including Aquafina, Diet
Mountain Dew, Diet Pepsi, Gatorade, Gatorade Zero,
Mountain Dew, Pepsi and Propel. PBNA operates its own bottling plants and
distribution facilities and sells branded finished
goods directly to independent distributors and retailers. PBNA also sells
concentrate and finished goods for our brands to
authorized and independent bottlers, who in turn sell our branded finished
goods to independent distributors and retailers in
certain markets. PBNA also, either independently or in conjunction with
third parties, makes, markets, distributes and sells ready-
to-drink tea and coffee products through joint ventures with Unilever
(under the Lipton brand name) and Starbucks, respectively.
Further, PBNA manufactures and distributes certain brands licensed from
Keurig Dr Pepper Inc., including Crush, Dr Pepper and
Schweppes, and certain juice brands licensed from Dole Food Company, Inc.
and Ocean Spray Cranberries, Inc. In 2022, PBNA
began to distribute Hard MTN Dew, an alcoholic beverage manufactured and
owned by the Boston Beer Company. In the first
quarter of 2022, we sold our Tropicana, Naked and other select juice
brands to PAI Partners, while retaining a 39%
noncontrolling interest in a newly formed joint venture, Tropicana Brands
Group (TBG), operating across North America and
Europe (Juice Transaction). In the United States, PepsiCo acts as the
exclusive distributor for TBGs portfolio of brands for
small-format and foodservice customers with chilled direct-store-delivery
(DSD). See Note 13 to our consolidated financial
statements for further information.
Latin America
Either independently or in conjunction with third parties, LatAm makes,
markets, distributes and sells a number of convenient
food brands including Cheetos, Doritos, Emperador, Lays, Marias Gamesa,
Ruffles, Sabritas, Saladitas and Tostitos, as well as
many Quaker-branded convenient foods. LatAm also, either independently or
in conjunction with third parties, makes, markets,
distributes and sells beverage concentrates, fountain syrups and finished
goods under various beverage brands including 7UP,
Diet 7UP, Gatorade, H2oh!, Manzanita Sol, Mirinda, Pepsi, Pepsi Black, San
Carlos and Toddy. These branded products are sold
to authorized and independent bottlers, independent distributors and
retailers. LatAm
3
sentences:
- >-
Among operations, investing, and financing activities, which brought in
the most (or lost the least) cash flow for AMD in FY22?
- >-
Which type of debt received the largest investment among the short term
investments for MGM in H1 FY2023?
- >-
What are the geographies that Pepsico primarily operates in as of
FY2022?
- source_sentence: >-
Pension and postretirement health care and life insurance benefits earned
during the year, as well as interest on projected benefit obligations,
are accrued.
for assets and liabilities. We record these translation adjustments in
Accumulated other comprehensive loss, a separate component of Equity,
in our consolidated balance sheets. We record exchange gains and losses
resulting from the conversion of transaction currency to functional
currency as a component of Other income (expense), net.
Employee Benefit Plans
Pension and postretirement health care and life insurance benefits earned
during the year, as well as interest on projected benefit obligations,
are accrued. Prior service costs and credits resulting from changes in
plan benefits are generally amortized over the average remaining service
period of the employees expected to receive benefits. Expected return on
plan assets is determined by applying the return on assets
assumption to the actual fair value of plan assets. Actuarial gains and
losses are recognized in Other income (expense), net in the year in
which they occur. These gains and losses are measured annually as of
December 31 or upon a remeasurement event. Verizon management
employees no longer earn pension benefits or earn service towards the
Company retiree medical subsidy. See Note 11 for additional
information.
We recognize a pension or a postretirement plans funded status as either
an asset or liability in the consolidated balance sheets. Also, we
measure any unrecognized prior service costs and credits that arise during
the period as a component of Accumulated other comprehensive
income, net of applicable income tax.
Derivative Instruments
We enter into derivative transactions primarily to manage our exposure to
fluctuations in foreign currency exchange rates and interest rates.
We employ risk management strategies, which may include the use of a
variety of derivatives including cross currency swaps, forward
starting interest rate swaps, interest rate swaps, treasury rate locks,
interest rate caps and foreign exchange forwards. We do not hold
derivatives for trading purposes.
We measure all derivatives at fair value and recognize them as either
assets or liabilities in our consolidated balance sheets. Our derivative
instruments are valued primarily using models based on readily observable
market parameters for all substantial terms of our derivative
contracts and thus are classified as Level 2. Changes in the fair values
of derivative instruments applied as economic hedges are recognized in
earnings in the current period. For fair value hedges, the change in the
fair value of the derivative instruments is recognized in earnings, along
with the change in the fair value of the hedged item. For cash flow
hedges, the change in the fair value of the derivative instruments is
reported in Other comprehensive income (loss) and recognized in earnings
when the hedged item is recognized in earnings. For net
investment hedges of certain of our foreign operations, the change in the
fair value of the hedging instruments is reported in Other
comprehensive income (loss) as part of the cumulative translation
adjustment and partially offsets the impact of foreign currency changes
on
the value of our net investment.
Cash flows from derivatives, which are designated as accounting hedges or
applied as economic hedges, are presented consistently with the
cash flow classification of the related hedged items. See Note 9 for
additional information.
Variable Interest Entities
VIEs are entities that lack sufficient equity to permit the entity to
finance its activities without additional subordinated financial support
from
other parties, have equity investors that do not have the ability to make
significant decisions relating to the entitys operations through voting
rights, do not have the obligation to absorb the expected losses, or do
not have the right to receive the residual returns of the entity. We
consolidate the assets and liabilities of VIEs when we are deemed to be
the primary beneficiary. The primary beneficiary is the party that has
the power to make the decisions that most significantly affect the
economic performance of the VIE and has the obligation to absorb losses
or
the right to receive benefits that could potentially be significant to the
VIE.
63
Verizon 2021 Annual Report on Form 10-K
Estimated Future Benefit Payments
The benefit payments to retirees are expected to be paid as follows:
(dollars in millions)
Year
Pension Benefits
Health Care and Life
2022
$
2,049
$
906
2023
1,648
883
2024
1,097
862
2025
1,066
850
2026
1,034
840
2027 to 2031
5,097
4,139
fair value is measured using the NAV per share as a practical expedient
are not leveled within the fair value hierarchy but are included in total
investments.
Employer Contributions
In 2021, we made no discretionary contribution to our qualified pension
plans, $58 million of contributions to our nonqualified pension plans
and $885 million of contributions to our other postretirement benefit
plans. No qualified pension plans contributions are expected to be made
in 2022. Nonqualified pension plans contributions are estimated to be
approximately $60 million and contributions to our other postretirement
benefit plans are estimated to be approximately $860 million in 2022.
Estimated Future Benefit Payments
The benefit payments to retirees are expected to be paid as follows:
(dollars in millions)
Year
Pension Benefits
Health Care and Life
2022
$
2,049
$
906
2023
1,648
883
2024
1,097
862
2025
1,066
850
2026
1,034
840
2027 to 2031
5,097
4,139
Savings Plan and Employee Stock Ownership Plans
We maintain four leveraged employee stock ownership plans (ESOP). We match
a certain percentage of eligible employee contributions to
certain savings plans with shares of our common stock from this ESOP. At
December 31, 2021, the number of allocated shares of common
stock in this ESOP was 44 million. There were no unallocated shares of
common stock in this ESOP at December 31, 2021. All leveraged
ESOP shares are included in earnings per share computations.
Total savings plan costs were $690 million in 2021, $730 million in 2020
and $897 million in 2019.
Severance Benefits
The following table provides an analysis of our severance liability:
(dollars in millions)
Year
Beginning of
Year
Charged to
Expense
Payments
Other
End of Year
2019
$
2,156
$
260
$
(1,847) $
(4) $
565
2020
565
309
(248)
(24)
602
2021
602
233
(258)
(29)
548
Severance, Pension and Benefits (Credits) Charges
During 2021, in accordance with our accounting policy to recognize
actuarial gains and losses in the period in which they occur, we recorded
net pre-tax pension and benefits credits of $2.4 billion in our pension
and postretirement benefit plans. The credits were recorded in Other
income (expense), net in our consolidated statement of income and were
primarily driven by a credit of $1.1 billion due to an increase in our
discount rate assumption used to determine the current year liabilities of
our pension plans and postretirement benefit plans from a weighted-
average of 2.6% at December 31, 2020 to a weighted-average of 2.9% at
December 31, 2021, a credit of $847 million due to the difference
between our estimated and our actual return on assets and a credit of $453
million due to other actuarial assumption adjustments. During
2021, we also recorded net pre-tax severance charges of $233 million in
Selling, general and administrative expense in our consolidated
statements of income.
During 2020, we recorded net pre-tax pension and benefits charges of $1.6
billion in our pension and postretirement benefit plans. The
charges were recorded in Other income (expense), net in our consolidated
statement of income and were primarily driven by a charge of
$3.2 billion due to a decrease in our discount rate assumption used to
determine the current year liabilities of our pension plans and
postretirement benefit plans from a weighted-average of 3.3% at December
31, 2019 to a weighted-average of 2.6% at December 31, 2020,
partially offset by a credit of $1.6 billion due to the difference between
our estimated and our actual return on assets. During 2020, we also
recorded net pre-tax severance charges of $309 million in Selling, general
and administrative expense in our consolidated statements of
income.
During 2019, we recorded net pre-tax pension and benefits charges of $126
million in our pension and postretirement benefit plans. The
charges were recorded in Other income (expense), net in our consolidated
statement of income and were primarily driven by a charge of
$4.3 billion due to a decrease in our discount rate assumption used to
determine the current year liabilities of our pension plans and
postretirement benefits plans from a weighted-average of 4.4% at December
31, 2018 to a weighted-average of 3.3% at December 31, 2019,
partially offset by a credit of $2.3 billion due to the difference between
our estimated return on assets and our actual return on assets and a
94
Verizon 2021 Annual Report on Form 10-K
sentences:
- >-
Based on the information provided primarily in the balance sheet and the
statement of income, what is FY2020 days payable outstanding (DPO) for
Corning? DPO is defined as: 365 * (average accounts payable between
FY2019 and FY2020) / (FY2020 COGS + change in inventory between FY2019
and FY2020). Round your answer to two decimal places.
- >-
As of FY 2021, how much did Verizon expect to pay for its retirees in
2024?
- >-
What was the largest liability in American Express's Balance Sheet in
2022?
pipeline_tag: sentence-similarity
library_name: sentence-transformers
metrics:
- cosine_accuracy@1
- cosine_accuracy@3
- cosine_accuracy@5
- cosine_accuracy@10
- cosine_precision@1
- cosine_precision@3
- cosine_precision@5
- cosine_precision@10
- cosine_recall@1
- cosine_recall@3
- cosine_recall@5
- cosine_recall@10
- cosine_ndcg@10
- cosine_mrr@10
- cosine_map@100
model-index:
- name: BGE base Financial Matryoshka
results:
- task:
type: information-retrieval
name: Information Retrieval
dataset:
name: dim 768
type: dim_768
metrics:
- type: cosine_accuracy@1
value: 0.4666666666666667
name: Cosine Accuracy@1
- type: cosine_accuracy@3
value: 0.7333333333333333
name: Cosine Accuracy@3
- type: cosine_accuracy@5
value: 0.7333333333333333
name: Cosine Accuracy@5
- type: cosine_accuracy@10
value: 0.8666666666666667
name: Cosine Accuracy@10
- type: cosine_precision@1
value: 0.4666666666666667
name: Cosine Precision@1
- type: cosine_precision@3
value: 0.24444444444444446
name: Cosine Precision@3
- type: cosine_precision@5
value: 0.14666666666666664
name: Cosine Precision@5
- type: cosine_precision@10
value: 0.08666666666666668
name: Cosine Precision@10
- type: cosine_recall@1
value: 0.4666666666666667
name: Cosine Recall@1
- type: cosine_recall@3
value: 0.7333333333333333
name: Cosine Recall@3
- type: cosine_recall@5
value: 0.7333333333333333
name: Cosine Recall@5
- type: cosine_recall@10
value: 0.8666666666666667
name: Cosine Recall@10
- type: cosine_ndcg@10
value: 0.6567969552749856
name: Cosine Ndcg@10
- type: cosine_mrr@10
value: 0.5918518518518517
name: Cosine Mrr@10
- type: cosine_map@100
value: 0.5968994708994709
name: Cosine Map@100
- task:
type: information-retrieval
name: Information Retrieval
dataset:
name: dim 512
type: dim_512
metrics:
- type: cosine_accuracy@1
value: 0.4666666666666667
name: Cosine Accuracy@1
- type: cosine_accuracy@3
value: 0.7333333333333333
name: Cosine Accuracy@3
- type: cosine_accuracy@5
value: 0.8
name: Cosine Accuracy@5
- type: cosine_accuracy@10
value: 0.8666666666666667
name: Cosine Accuracy@10
- type: cosine_precision@1
value: 0.4666666666666667
name: Cosine Precision@1
- type: cosine_precision@3
value: 0.24444444444444446
name: Cosine Precision@3
- type: cosine_precision@5
value: 0.16
name: Cosine Precision@5
- type: cosine_precision@10
value: 0.08666666666666668
name: Cosine Precision@10
- type: cosine_recall@1
value: 0.4666666666666667
name: Cosine Recall@1
- type: cosine_recall@3
value: 0.7333333333333333
name: Cosine Recall@3
- type: cosine_recall@5
value: 0.8
name: Cosine Recall@5
- type: cosine_recall@10
value: 0.8666666666666667
name: Cosine Recall@10
- type: cosine_ndcg@10
value: 0.665440059435613
name: Cosine Ndcg@10
- type: cosine_mrr@10
value: 0.601111111111111
name: Cosine Mrr@10
- type: cosine_map@100
value: 0.6069135802469137
name: Cosine Map@100
- task:
type: information-retrieval
name: Information Retrieval
dataset:
name: dim 256
type: dim_256
metrics:
- type: cosine_accuracy@1
value: 0.4666666666666667
name: Cosine Accuracy@1
- type: cosine_accuracy@3
value: 0.8
name: Cosine Accuracy@3
- type: cosine_accuracy@5
value: 0.8
name: Cosine Accuracy@5
- type: cosine_accuracy@10
value: 0.8666666666666667
name: Cosine Accuracy@10
- type: cosine_precision@1
value: 0.4666666666666667
name: Cosine Precision@1
- type: cosine_precision@3
value: 0.26666666666666666
name: Cosine Precision@3
- type: cosine_precision@5
value: 0.16
name: Cosine Precision@5
- type: cosine_precision@10
value: 0.08666666666666668
name: Cosine Precision@10
- type: cosine_recall@1
value: 0.4666666666666667
name: Cosine Recall@1
- type: cosine_recall@3
value: 0.8
name: Cosine Recall@3
- type: cosine_recall@5
value: 0.8
name: Cosine Recall@5
- type: cosine_recall@10
value: 0.8666666666666667
name: Cosine Recall@10
- type: cosine_ndcg@10
value: 0.6875189227069145
name: Cosine Ndcg@10
- type: cosine_mrr@10
value: 0.6288888888888889
name: Cosine Mrr@10
- type: cosine_map@100
value: 0.6366666666666667
name: Cosine Map@100
- task:
type: information-retrieval
name: Information Retrieval
dataset:
name: dim 128
type: dim_128
metrics:
- type: cosine_accuracy@1
value: 0.4666666666666667
name: Cosine Accuracy@1
- type: cosine_accuracy@3
value: 0.8
name: Cosine Accuracy@3
- type: cosine_accuracy@5
value: 0.8
name: Cosine Accuracy@5
- type: cosine_accuracy@10
value: 0.9333333333333333
name: Cosine Accuracy@10
- type: cosine_precision@1
value: 0.4666666666666667
name: Cosine Precision@1
- type: cosine_precision@3
value: 0.26666666666666666
name: Cosine Precision@3
- type: cosine_precision@5
value: 0.16
name: Cosine Precision@5
- type: cosine_precision@10
value: 0.09333333333333335
name: Cosine Precision@10
- type: cosine_recall@1
value: 0.4666666666666667
name: Cosine Recall@1
- type: cosine_recall@3
value: 0.8
name: Cosine Recall@3
- type: cosine_recall@5
value: 0.8
name: Cosine Recall@5
- type: cosine_recall@10
value: 0.9333333333333333
name: Cosine Recall@10
- type: cosine_ndcg@10
value: 0.711266068514116
name: Cosine Ndcg@10
- type: cosine_mrr@10
value: 0.64
name: Cosine Mrr@10
- type: cosine_map@100
value: 0.6423809523809524
name: Cosine Map@100
- task:
type: information-retrieval
name: Information Retrieval
dataset:
name: dim 64
type: dim_64
metrics:
- type: cosine_accuracy@1
value: 0.4666666666666667
name: Cosine Accuracy@1
- type: cosine_accuracy@3
value: 0.8666666666666667
name: Cosine Accuracy@3
- type: cosine_accuracy@5
value: 0.8666666666666667
name: Cosine Accuracy@5
- type: cosine_accuracy@10
value: 0.8666666666666667
name: Cosine Accuracy@10
- type: cosine_precision@1
value: 0.4666666666666667
name: Cosine Precision@1
- type: cosine_precision@3
value: 0.2888888888888889
name: Cosine Precision@3
- type: cosine_precision@5
value: 0.17333333333333337
name: Cosine Precision@5
- type: cosine_precision@10
value: 0.08666666666666668
name: Cosine Precision@10
- type: cosine_recall@1
value: 0.4666666666666667
name: Cosine Recall@1
- type: cosine_recall@3
value: 0.8666666666666667
name: Cosine Recall@3
- type: cosine_recall@5
value: 0.8666666666666667
name: Cosine Recall@5
- type: cosine_recall@10
value: 0.8666666666666667
name: Cosine Recall@10
- type: cosine_ndcg@10
value: 0.6753953169047638
name: Cosine Ndcg@10
- type: cosine_mrr@10
value: 0.611111111111111
name: Cosine Mrr@10
- type: cosine_map@100
value: 0.6185714285714285
name: Cosine Map@100
BGE base Financial Matryoshka
This is a sentence-transformers model finetuned from BAAI/bge-base-en-v1.5 on the json dataset. It maps sentences & paragraphs to a 768-dimensional dense vector space and can be used for semantic textual similarity, semantic search, paraphrase mining, text classification, clustering, and more.
Model Details
Model Description
- Model Type: Sentence Transformer
- Base model: BAAI/bge-base-en-v1.5
- Maximum Sequence Length: 512 tokens
- Output Dimensionality: 768 dimensions
- Similarity Function: Cosine Similarity
- Training Dataset:
- json
- Language: en
- License: apache-2.0
Model Sources
- Documentation: Sentence Transformers Documentation
- Repository: Sentence Transformers on GitHub
- Hugging Face: Sentence Transformers on Hugging Face
Full Model Architecture
SentenceTransformer(
(0): Transformer({'max_seq_length': 512, 'do_lower_case': True}) with Transformer model: BertModel
(1): Pooling({'word_embedding_dimension': 768, 'pooling_mode_cls_token': True, 'pooling_mode_mean_tokens': False, 'pooling_mode_max_tokens': False, 'pooling_mode_mean_sqrt_len_tokens': False, 'pooling_mode_weightedmean_tokens': False, 'pooling_mode_lasttoken': False, 'include_prompt': True})
(2): Normalize()
)
Usage
Direct Usage (Sentence Transformers)
First install the Sentence Transformers library:
pip install -U sentence-transformers
Then you can load this model and run inference.
from sentence_transformers import SentenceTransformer
# Download from the 🤗 Hub
model = SentenceTransformer("shivamsharma1967/_bge-base-financial-matryoshka_")
# Run inference
sentences = [
'Pension and postretirement health care and life insurance benefits earned during the year, as well as interest on projected benefit obligations, \nare accrued.\nfor assets and liabilities. We record these translation adjustments in Accumulated other comprehensive loss, a separate component of Equity, \nin our consolidated balance sheets. We record exchange gains and losses resulting from the conversion of transaction currency to functional \ncurrency as a component of Other income (expense), net. \nEmployee Benefit Plans \nPension and postretirement health care and life insurance benefits earned during the year, as well as interest on projected benefit obligations, \nare accrued. Prior service costs and credits resulting from changes in plan benefits are generally amortized over the average remaining service \nperiod of the employees expected to receive benefits. Expected return on plan assets is determined by applying the return on assets \nassumption to the actual fair value of plan assets. Actuarial gains and losses are recognized in Other income (expense), net in the year in \nwhich they occur. These gains and losses are measured annually as of December 31 or upon a remeasurement event. Verizon management \nemployees no longer earn pension benefits or earn service towards the Company retiree medical subsidy. See Note 11 for additional \ninformation. \nWe recognize a pension or a postretirement plans funded status as either an asset or liability in the consolidated balance sheets. Also, we \nmeasure any unrecognized prior service costs and credits that arise during the period as a component of Accumulated other comprehensive \nincome, net of applicable income tax. \nDerivative Instruments \nWe enter into derivative transactions primarily to manage our exposure to fluctuations in foreign currency exchange rates and interest rates. \nWe employ risk management strategies, which may include the use of a variety of derivatives including cross currency swaps, forward \nstarting interest rate swaps, interest rate swaps, treasury rate locks, interest rate caps and foreign exchange forwards. We do not hold \nderivatives for trading purposes. \nWe measure all derivatives at fair value and recognize them as either assets or liabilities in our consolidated balance sheets. Our derivative \ninstruments are valued primarily using models based on readily observable market parameters for all substantial terms of our derivative \ncontracts and thus are classified as Level 2. Changes in the fair values of derivative instruments applied as economic hedges are recognized in \nearnings in the current period. For fair value hedges, the change in the fair value of the derivative instruments is recognized in earnings, along \nwith the change in the fair value of the hedged item. For cash flow hedges, the change in the fair value of the derivative instruments is \nreported in Other comprehensive income (loss) and recognized in earnings when the hedged item is recognized in earnings. For net \ninvestment hedges of certain of our foreign operations, the change in the fair value of the hedging instruments is reported in Other \ncomprehensive income (loss) as part of the cumulative translation adjustment and partially offsets the impact of foreign currency changes on \nthe value of our net investment. \nCash flows from derivatives, which are designated as accounting hedges or applied as economic hedges, are presented consistently with the \ncash flow classification of the related hedged items. See Note 9 for additional information. \nVariable Interest Entities \nVIEs are entities that lack sufficient equity to permit the entity to finance its activities without additional subordinated financial support from \nother parties, have equity investors that do not have the ability to make significant decisions relating to the entitys operations through voting \nrights, do not have the obligation to absorb the expected losses, or do not have the right to receive the residual returns of the entity. We \nconsolidate the assets and liabilities of VIEs when we are deemed to be the primary beneficiary. The primary beneficiary is the party that has \nthe power to make the decisions that most significantly affect the economic performance of the VIE and has the obligation to absorb losses or \nthe right to receive benefits that could potentially be significant to the VIE.\n63\nVerizon 2021 Annual Report on Form 10-K\n\nEstimated Future Benefit Payments \nThe benefit payments to retirees are expected to be paid as follows: \n(dollars in millions) \nYear\nPension Benefits \nHealth Care and Life \n2022\n$ \n2,049 \n$ \n906 \n2023\n1,648 \n883 \n2024\n1,097 \n862 \n2025\n1,066 \n850 \n2026\n1,034 \n840 \n2027 to 2031\n5,097 \n4,139\nfair value is measured using the NAV per share as a practical expedient are not leveled within the fair value hierarchy but are included in total \ninvestments. \nEmployer Contributions \nIn 2021, we made no discretionary contribution to our qualified pension plans, $58 million of contributions to our nonqualified pension plans \nand $885 million of contributions to our other postretirement benefit plans. No qualified pension plans contributions are expected to be made \nin 2022. Nonqualified pension plans contributions are estimated to be approximately $60 million and contributions to our other postretirement \nbenefit plans are estimated to be approximately $860 million in 2022. \nEstimated Future Benefit Payments \nThe benefit payments to retirees are expected to be paid as follows: \n(dollars in millions) \nYear\nPension Benefits \nHealth Care and Life \n2022\n$ \n2,049 \n$ \n906 \n2023\n1,648 \n883 \n2024\n1,097 \n862 \n2025\n1,066 \n850 \n2026\n1,034 \n840 \n2027 to 2031\n5,097 \n4,139 \nSavings Plan and Employee Stock Ownership Plans \nWe maintain four leveraged employee stock ownership plans (ESOP). We match a certain percentage of eligible employee contributions to \ncertain savings plans with shares of our common stock from this ESOP. At December 31, 2021, the number of allocated shares of common \nstock in this ESOP was 44 million. There were no unallocated shares of common stock in this ESOP at December 31, 2021. All leveraged \nESOP shares are included in earnings per share computations. \nTotal savings plan costs were $690 million in 2021, $730 million in 2020 and $897 million in 2019. \nSeverance Benefits \nThe following table provides an analysis of our severance liability: \n(dollars in millions) \nYear \nBeginning of \nYear \nCharged to \nExpense\nPayments\nOther\nEnd of Year \n2019\n$ \n2,156 \n$ \n260 \n$ \n(1,847) $ \n(4) $\n565 \n2020\n565 \n309 \n(248)\n(24)\n602 \n2021\n602 \n233 \n(258)\n(29)\n548 \nSeverance, Pension and Benefits (Credits) Charges \nDuring 2021, in accordance with our accounting policy to recognize actuarial gains and losses in the period in which they occur, we recorded \nnet pre-tax pension and benefits credits of $2.4 billion in our pension and postretirement benefit plans. The credits were recorded in Other \nincome (expense), net in our consolidated statement of income and were primarily driven by a credit of $1.1 billion due to an increase in our \ndiscount rate assumption used to determine the current year liabilities of our pension plans and postretirement benefit plans from a weighted-\naverage of 2.6% at December 31, 2020 to a weighted-average of 2.9% at December 31, 2021, a credit of $847 million due to the difference \nbetween our estimated and our actual return on assets and a credit of $453 million due to other actuarial assumption adjustments. During \n2021, we also recorded net pre-tax severance charges of $233 million in Selling, general and administrative expense in our consolidated \nstatements of income. \nDuring 2020, we recorded net pre-tax pension and benefits charges of $1.6 billion in our pension and postretirement benefit plans. The \ncharges were recorded in Other income (expense), net in our consolidated statement of income and were primarily driven by a charge of \n$3.2 billion due to a decrease in our discount rate assumption used to determine the current year liabilities of our pension plans and \npostretirement benefit plans from a weighted-average of 3.3% at December 31, 2019 to a weighted-average of 2.6% at December 31, 2020, \npartially offset by a credit of $1.6 billion due to the difference between our estimated and our actual return on assets. During 2020, we also \nrecorded net pre-tax severance charges of $309 million in Selling, general and administrative expense in our consolidated statements of \nincome. \nDuring 2019, we recorded net pre-tax pension and benefits charges of $126 million in our pension and postretirement benefit plans. The \ncharges were recorded in Other income (expense), net in our consolidated statement of income and were primarily driven by a charge of \n$4.3 billion due to a decrease in our discount rate assumption used to determine the current year liabilities of our pension plans and \npostretirement benefits plans from a weighted-average of 4.4% at December 31, 2018 to a weighted-average of 3.3% at December 31, 2019, \npartially offset by a credit of $2.3 billion due to the difference between our estimated return on assets and our actual return on assets and a \n94\nVerizon 2021 Annual Report on Form 10-K',
'As of FY 2021, how much did Verizon expect to pay for its retirees in 2024?',
"What was the largest liability in American Express's Balance Sheet in 2022?",
]
embeddings = model.encode(sentences)
print(embeddings.shape)
# [3, 768]
# Get the similarity scores for the embeddings
similarities = model.similarity(embeddings, embeddings)
print(similarities.shape)
# [3, 3]
Evaluation
Metrics
Information Retrieval
- Datasets:
dim_768,dim_512,dim_256,dim_128anddim_64 - Evaluated with
InformationRetrievalEvaluator
| Metric | dim_768 | dim_512 | dim_256 | dim_128 | dim_64 |
|---|---|---|---|---|---|
| cosine_accuracy@1 | 0.4667 | 0.4667 | 0.4667 | 0.4667 | 0.4667 |
| cosine_accuracy@3 | 0.7333 | 0.7333 | 0.8 | 0.8 | 0.8667 |
| cosine_accuracy@5 | 0.7333 | 0.8 | 0.8 | 0.8 | 0.8667 |
| cosine_accuracy@10 | 0.8667 | 0.8667 | 0.8667 | 0.9333 | 0.8667 |
| cosine_precision@1 | 0.4667 | 0.4667 | 0.4667 | 0.4667 | 0.4667 |
| cosine_precision@3 | 0.2444 | 0.2444 | 0.2667 | 0.2667 | 0.2889 |
| cosine_precision@5 | 0.1467 | 0.16 | 0.16 | 0.16 | 0.1733 |
| cosine_precision@10 | 0.0867 | 0.0867 | 0.0867 | 0.0933 | 0.0867 |
| cosine_recall@1 | 0.4667 | 0.4667 | 0.4667 | 0.4667 | 0.4667 |
| cosine_recall@3 | 0.7333 | 0.7333 | 0.8 | 0.8 | 0.8667 |
| cosine_recall@5 | 0.7333 | 0.8 | 0.8 | 0.8 | 0.8667 |
| cosine_recall@10 | 0.8667 | 0.8667 | 0.8667 | 0.9333 | 0.8667 |
| cosine_ndcg@10 | 0.6568 | 0.6654 | 0.6875 | 0.7113 | 0.6754 |
| cosine_mrr@10 | 0.5919 | 0.6011 | 0.6289 | 0.64 | 0.6111 |
| cosine_map@100 | 0.5969 | 0.6069 | 0.6367 | 0.6424 | 0.6186 |
Training Details
Training Dataset
json
- Dataset: json
- Size: 135 training samples
- Columns:
positiveandanchor - Approximate statistics based on the first 135 samples:
positive anchor type string string details - min: 359 tokens
- mean: 507.28 tokens
- max: 512 tokens
- min: 11 tokens
- mean: 39.07 tokens
- max: 175 tokens
- Samples:
positive anchor Walmart Inc.
Consolidated Statements of Income
Fiscal Years Ended January 31,
(Amounts in millions, except per share data)
2020
2019
2018
Revenues:
Net sales
$
519,926
$
510,329 $
495,761
Membership and other income
4,038
4,076
4,582
Total revenues
523,964
514,405
500,343
Costs and expenses:
Cost of sales
394,605
385,301
373,396
Operating, selling, general and administrative expenses
108,791
107,147
106,510
Operating income
20,568
21,957
20,437
Interest:
Debt
2,262
1,975
1,978
Finance, capital lease and financing obligations
337
371
352
Interest income
(189)
(217)
(152)
Interest, net
2,410
2,129
2,178
Loss on extinguishment of debt
3,136
Other (gains) and losses
(1,958)
8,368
Income before income taxes
20,116
11,460
15,123
Provision for income taxes
4,915
4,281
4,600
Consolidated net income
15,201
7,179
10,523
Consolidated net income attributable to noncontrolling interest
(320)
(509...What is the FY2018 - FY2020 3 year average unadjusted EBITDA % margin for Walmart? Define unadjusted EBITDA as unadjusted operating income + depreciation and amortization from the cash flow statement. Answer in units of percents and round to one decimal place. Calculate what was asked by utilizing the line items clearly shown in the P&L statement and the cash flow statement.Analysis of Consolidated Earnings Before Provision for Taxes on Income
Consolidated earnings before provision for taxes on income was $21.7 billion and $22.8 billion for the years 2022 and 2021, respectively. As a percent to
sales, consolidated earnings before provision for taxes on income was 22.9% and 24.3%, in 2022 and 2021, respectively.
(Dollars in billions. Percentages in chart are as a percent to total sales)
Cost of Products Sold and Selling, Marketing and Administrative Expenses:
(Dollars in billions. Percentages in chart are as a percent to total sales)
Cost of products sold increased as a percent to sales driven by:
One-time COVID-19 vaccine manufacturing exit related costs
Currency impacts in the Pharmaceutical segment
Commodity inflation in the MedTech and Consumer Health segments
partially offset by
Supply chain benefits in the Consumer Health segment
The intangible asset amortization expense included in cost of products sold was $4.3 billion and $4.7 billion for the ...What drove gross margin change as of FY2022 for JnJ? If gross margin is not a useful metric for a company like this, then please state that and explain why.(Millions)
United States
EMEA
APAC
LACC
Other Unallocated
Consolidated
2022
Total revenues net of interest expense
$
41,396
$
4,871
$
3,835
$
2,917
$
(157)
$
52,862
Pretax income (loss) from continuing operations
10,383
550
376
500
(2,224)
9,585
2021
Total revenues net of interest expense
$
33,103
$
3,643
$
3,418
$
2,238
$
(22)
$
42,380
Pretax income (loss) from continuing operations
10,325
460
420
494
(1,010)
10,689
2020
Total revenues net of interest expense
$
28,263
$
3,087
$
3,271
$
2,019
$
(553)
$
36,087
Pretax income (loss) from continuing operations
5,422
187
328
273
(1,914)
4,296
Table of Contents
GEOGRAPHIC OPERATIONS
The following table presents our total revenues net of interest expense and pretax income (loss) from continuing operations in different geographic regions
based, in part, upon internal allocations, which necessarily involve managements judgment.
Effective for the first quarter of 2022, we changed the way in which we allocate certain ...What are the geographies that American Express primarily operates in as of 2022? - Loss:
MatryoshkaLosswith these parameters:{ "loss": "MultipleNegativesRankingLoss", "matryoshka_dims": [ 768, 512, 256, 128, 64 ], "matryoshka_weights": [ 1, 1, 1, 1, 1 ], "n_dims_per_step": -1 }
Training Hyperparameters
Non-Default Hyperparameters
eval_strategy: epochper_device_train_batch_size: 16per_device_eval_batch_size: 16num_train_epochs: 4lr_scheduler_type: cosinewarmup_ratio: 0.1bf16: Truetf32: Falseload_best_model_at_end: Trueoptim: adamw_torch_fusedbatch_sampler: no_duplicates
All Hyperparameters
Click to expand
overwrite_output_dir: Falsedo_predict: Falseeval_strategy: epochprediction_loss_only: Trueper_device_train_batch_size: 16per_device_eval_batch_size: 16per_gpu_train_batch_size: Noneper_gpu_eval_batch_size: Nonegradient_accumulation_steps: 1eval_accumulation_steps: Nonetorch_empty_cache_steps: Nonelearning_rate: 5e-05weight_decay: 0.0adam_beta1: 0.9adam_beta2: 0.999adam_epsilon: 1e-08max_grad_norm: 1.0num_train_epochs: 4max_steps: -1lr_scheduler_type: cosinelr_scheduler_kwargs: {}warmup_ratio: 0.1warmup_steps: 0log_level: passivelog_level_replica: warninglog_on_each_node: Truelogging_nan_inf_filter: Truesave_safetensors: Truesave_on_each_node: Falsesave_only_model: Falserestore_callback_states_from_checkpoint: Falseno_cuda: Falseuse_cpu: Falseuse_mps_device: Falseseed: 42data_seed: Nonejit_mode_eval: Falseuse_ipex: Falsebf16: Truefp16: Falsefp16_opt_level: O1half_precision_backend: autobf16_full_eval: Falsefp16_full_eval: Falsetf32: Falselocal_rank: 0ddp_backend: Nonetpu_num_cores: Nonetpu_metrics_debug: Falsedebug: []dataloader_drop_last: Falsedataloader_num_workers: 0dataloader_prefetch_factor: Nonepast_index: -1disable_tqdm: Falseremove_unused_columns: Truelabel_names: Noneload_best_model_at_end: Trueignore_data_skip: Falsefsdp: []fsdp_min_num_params: 0fsdp_config: {'min_num_params': 0, 'xla': False, 'xla_fsdp_v2': False, 'xla_fsdp_grad_ckpt': False}fsdp_transformer_layer_cls_to_wrap: Noneaccelerator_config: {'split_batches': False, 'dispatch_batches': None, 'even_batches': True, 'use_seedable_sampler': True, 'non_blocking': False, 'gradient_accumulation_kwargs': None}deepspeed: Nonelabel_smoothing_factor: 0.0optim: adamw_torch_fusedoptim_args: Noneadafactor: Falsegroup_by_length: Falselength_column_name: lengthddp_find_unused_parameters: Noneddp_bucket_cap_mb: Noneddp_broadcast_buffers: Falsedataloader_pin_memory: Truedataloader_persistent_workers: Falseskip_memory_metrics: Trueuse_legacy_prediction_loop: Falsepush_to_hub: Falseresume_from_checkpoint: Nonehub_model_id: Nonehub_strategy: every_savehub_private_repo: Nonehub_always_push: Falsegradient_checkpointing: Falsegradient_checkpointing_kwargs: Noneinclude_inputs_for_metrics: Falseinclude_for_metrics: []eval_do_concat_batches: Truefp16_backend: autopush_to_hub_model_id: Nonepush_to_hub_organization: Nonemp_parameters:auto_find_batch_size: Falsefull_determinism: Falsetorchdynamo: Noneray_scope: lastddp_timeout: 1800torch_compile: Falsetorch_compile_backend: Nonetorch_compile_mode: Nonedispatch_batches: Nonesplit_batches: Noneinclude_tokens_per_second: Falseinclude_num_input_tokens_seen: Falseneftune_noise_alpha: Noneoptim_target_modules: Nonebatch_eval_metrics: Falseeval_on_start: Falseuse_liger_kernel: Falseeval_use_gather_object: Falseaverage_tokens_across_devices: Falseprompts: Nonebatch_sampler: no_duplicatesmulti_dataset_batch_sampler: proportional
Training Logs
| Epoch | Step | Training Loss | dim_768_cosine_ndcg@10 | dim_512_cosine_ndcg@10 | dim_256_cosine_ndcg@10 | dim_128_cosine_ndcg@10 | dim_64_cosine_ndcg@10 |
|---|---|---|---|---|---|---|---|
| 0 | 0 | - | 0.6632 | 0.6120 | 0.5673 | 0.5358 | 0.4391 |
| 1.0 | 9 | - | 0.6499 | 0.6759 | 0.6894 | 0.6436 | 0.5923 |
| 1.1111 | 10 | 5.3139 | - | - | - | - | - |
| 2.0 | 18 | - | 0.6462 | 0.6730 | 0.7133 | 0.6561 | 0.6601 |
| 2.2222 | 20 | 1.6581 | - | - | - | - | - |
| 3.0 | 27 | - | 0.6612 | 0.693 | 0.7113 | 0.7162 | 0.7075 |
| 3.3333 | 30 | 1.1123 | - | - | - | - | - |
| 4.0 | 36 | - | 0.6658 | 0.6930 | 0.7133 | 0.7162 | 0.7075 |
| 1.0 | 9 | - | 0.6814 | 0.6590 | 0.7121 | 0.7068 | 0.6836 |
| 1.1111 | 10 | 0.577 | - | - | - | - | - |
| 2.0 | 18 | - | 0.6322 | 0.6625 | 0.7068 | 0.6788 | 0.6749 |
| 2.2222 | 20 | 0.3614 | - | - | - | - | - |
| 3.0 | 27 | - | 0.6322 | 0.6654 | 0.6875 | 0.7113 | 0.6708 |
| 3.3333 | 30 | 0.395 | - | - | - | - | - |
| 4.0 | 36 | - | 0.6568 | 0.6654 | 0.6875 | 0.7113 | 0.6754 |
- The bold row denotes the saved checkpoint.
Framework Versions
- Python: 3.11.11
- Sentence Transformers: 3.4.1
- Transformers: 4.48.3
- PyTorch: 2.5.1+cu124
- Accelerate: 1.3.0
- Datasets: 3.3.2
- Tokenizers: 0.21.0
Citation
BibTeX
Sentence Transformers
@inproceedings{reimers-2019-sentence-bert,
title = "Sentence-BERT: Sentence Embeddings using Siamese BERT-Networks",
author = "Reimers, Nils and Gurevych, Iryna",
booktitle = "Proceedings of the 2019 Conference on Empirical Methods in Natural Language Processing",
month = "11",
year = "2019",
publisher = "Association for Computational Linguistics",
url = "https://arxiv.org/abs/1908.10084",
}
MatryoshkaLoss
@misc{kusupati2024matryoshka,
title={Matryoshka Representation Learning},
author={Aditya Kusupati and Gantavya Bhatt and Aniket Rege and Matthew Wallingford and Aditya Sinha and Vivek Ramanujan and William Howard-Snyder and Kaifeng Chen and Sham Kakade and Prateek Jain and Ali Farhadi},
year={2024},
eprint={2205.13147},
archivePrefix={arXiv},
primaryClass={cs.LG}
}
MultipleNegativesRankingLoss
@misc{henderson2017efficient,
title={Efficient Natural Language Response Suggestion for Smart Reply},
author={Matthew Henderson and Rami Al-Rfou and Brian Strope and Yun-hsuan Sung and Laszlo Lukacs and Ruiqi Guo and Sanjiv Kumar and Balint Miklos and Ray Kurzweil},
year={2017},
eprint={1705.00652},
archivePrefix={arXiv},
primaryClass={cs.CL}
}