? The United States grew
underlying net sales 4% (+6% reported), emerging markets grew
underlying net sales 3% (+1% reported), and
underlying net sales in our developed international markets declined 3% (-5% reported)
* Delivered
underlying (1) and net earnings of $4.4 billion and free cash flow (3) of $2.9 billion
We will have the right and duty to defend the insured against any "suit" seeking damages for such "bodily injury" or "property damage" when the "
underlying insurance" does not provide coverage or the limits of "
underlying insurance" have been exhausted.
Furthermore, the transaction's ongoing costs are likely to be covered by the payments from the
underlying securities.
As part of its review of the
underlying transaction, Moody's has incorporated the risk of additional losses on the notes, in case the notes become unhedged following a swap counterparty default.
downgrade on 14 November 2013 of the
underlying notes.
Underlying profit from operations improved in the group's Professional Services, Support Services and Infrastructure Investments units but showed a decline in Construction Services, primarily due to anticipated margin decline in US construction.
The Company anticipates a first half FY12 reported NPAT in the range of A$50-55 million, with
underlying NPAT expected to be around A$50 million.
A firm that issues mandatory exchangeable debt requires bondholders to exchange their bonds for shares of the
underlying firm in which the issuing firm has a stake.
The luxury brand said that strong performances in London, Beijing, Hong Kong and Paris had pushed
underlying revenues up by 21% in the three months to December 31.