Friday, January 31, 2020

Factors on the Four Functions of Management Essay Example for Free

Factors on the Four Functions of Management Essay In regards to internal and external factors that can significantly influence the four functions of management, include such items as globalization, technology, diversity, ethics and innovation. Furthermore, all of these items pay an important role in the dominance of General Motors in the automotive industry. GM has changed manufacture attitudes to concentrate on some strategic priorities those being to become common, envision lean and compete fast, participate on a worldwide footing, cultivate the business and as a rule significantly keep their attention on the finished goods. General Motors is determined to be committed to a lean and familiar single, global manufacturing approach (Automotive Intelligence News, 2003). The external factor of globalization is a major factor in today’s business world. Globalization additionally adds to the factors of cultural diversity and cultural ethics as it pertains to business climate, culture and organization. Likewise, even in the US General Motors deals with the issues of diversity and values based of the many cultures that live within the country. Diversity can be both a help and a hindrance to the four function of management, in that when cultural diversity is utilized correctly it aids in all phases of business. However, if both the countries or the individual workers feel that their culture or beliefs are being looked down upon or are demeaned this can lead to serious repercussion. The same ca be said concerning the ethics each culture holds management must walk a fine line to ensure no vilification or no indignity occurs. Globalization needs a firm touch and a steady hand in the first planning, which entails what countries a company wants to build and sell their goods to, while maintaining a presence in that country. What value the product will bring, the cost of materials, taxes or tariffs, and if the people of those countries have a  need, the cost, and the desire to purchase their vehicles. As to organizing, in globalization GM must ensure that local customs will not be pushed aside and must they maintain a proper level of respect and decorum in dealing with the local population and their cultural identity. Manager must organize by creating a dialog with other countries on GM’s products, explaining the utilization of each countries environmental assets and capital, showing how that being a partnering country with GM will help their country and its people. They must correspondingly incorporate the concept of co-design and systems approach, during the organization function to ensure each country has the belief that they are truly partners with GM. General Motors is currently in the process of restructuring their Global Vehicle Engineering organization. The reason they are doing this is to enhance cross-system integration and to bring more coherent implementation across vehicle platforms. They are also further addressing the functional safety and compliance in its vehicles worldwide (GM News, 2014). Whereas this reorganization moves GM away from long-established regional authority toward an organization built on global functions. As to the role of leading, globalization brings with it a different set of problems and requirements. In General Motors situation the leading function of management, in the terms of what the role intention is remains the same and can be defined as the focus of guiding the activities of personnel with motivation. However, the challenges of doing so on a global scale are daunting because of issues in cultural difference, in ethics and diversity. Managers must have a working knowledge of the country’s culture, its ethical stances, and language differences both verbal and nonverbal. The controlling function of management within globalization again comes with its own set of issues that need to be overcome. Likewise, to be able to establish standards, then measure the performance in contrast to those standards and make corrective changes to those standards and plans that have been determined ineffective (Merchant, 1982). In a global setting put additional meaning to the controlling function of management. Management for General Motors have been successful in the endeavor and proof of this can be seen in how they continue to rank near or at the top the list of vehicles sold worldwide. GM is closing the gap on Toyota lead in sales, because of changes in how they are using the control function of management to correct the situation.  Since, GM began to renovate its vehicle roster into one of the keenest and newest in the automotive industry from one of the eldest and more outdated ones (Jie, Horie, 2014). So any and everyone can see how globalization as an external factor affects a company such as General Motors in its operations of the four functions of management. Technology in this c ase should be considered both and external and internal factor that can affect a company such as GM. Since, technology deals with not only information and enterprise systems to run a business, it also deals with the creation of new products and equipment to be use in their cars and trucks. General Motors in being such a large global company have an extensive enterprise system to deal with employees, customers, security, and data collection to enable it to run both effectively and efficiently on a global scale. However, technology in the creation and advancement of products goes hand in hand with innovation. We can see how technology is part of innovation, in the way GM addresses the idea of a fully electric car that can go 200 miles between charges. Additionally, the connection of technology and innovation is seen in General Motors electric and gas hybrid car the Chevy Volt. GM similarly has an all-electric car that can go 82 miles on a charge called the Chevy Spark (The Denver Post, 2013). General Motor’s innovations created a need for better technology in electric car batteries, charging systems. They also created a need for electric charging facilities for people who are traveling on long trips, which are still under research as to cost, viability, and the possibility. All of this innovation leads to technology to design and build components that will be needed to compete in this sector of the industry. What is more, all four functions of management are thoroughly affected by globalization, diversity, ethics, innovation and technology as these elements play a crucial role in the structure and running of any business in today world economy. References Automotive Intelligence News. (2003). GMs Global Manufacturing System A System To Build Great Cars and Trucks. Retrieved from http://www.autointell.com/News-2003/January-2003/January-2003-1/January-03-03-p6.htm GM News. (2014). GM Restructures Global Engineering for Cross-System Integration. Retrieved from http://media.gm.com/media/us/en/gm/news.detail.html/content/Pages/news/us/en/2014/Apr/0422-global-eng.html Jie, M. Horie, M. (2014). Toyota Beats GM in 2013 as 10 Million Vehicles Seen. Retrieved from http://www.bloomberg.com/news/2014-01-23/toyota-beats-gm-vw-in-2013-car-sales-sees-3-growth-this-year.html Merchant, K. (1982). Controlling Function of Management. Retrieved from http://sloanreview.mit.edu/ The Denver Post. (2013). General Motors working on 200-mile electric car, exec says. Retrieved from http://www.denverpost.com/business/ci_24109259/general-motors-working-200-mile-electric-car-exec

Thursday, January 23, 2020

Same Sex Marriage Essay -- Homosexuality, argumentative, persuasive

Many years ago one may have thought that marriage was just between a man and a woman but today that is not always the case. People of this era have now begun to exploring a new aspect of marriage, same sex marriage. Should two people of the same sex be allowed to marry? Throughout the years same sex couples have been pursuing the same rights as heterosexual couples. Since the 1970s homosexual couples have been trying climb this social ladder and gain their civil rights. They have been seeking the government recognition as a domestic partnership since the 1980’s. it wasn’t until the late 1990s when the state of California legalized domestic partnership but very few followed. This allowed extended rights to couples that weren’t married. But the couples’ partnership was only recognized in the state in which they were married. Gay and lesbian couples then began to seek recognition from the government through civil union. Even though it was still only recognized in the state in which the union was performed, civil union gave the unmarried couples even more extended rights. This was first passed by Vermont 2000 and yet again only a few followed. Homosexuals still felt that even though domestic partnerships and civil unions were major break troughs they were not marriage. Neither of domestic partnership nor civil union would have even contributed to the court cases of the Estate of Cooper and Dean v. District of Columbia. In the Estate of Cooper case of 1993, Cooper died and left his belongings to his ex-spouse. His present spouse sued hoping to inherit his belongings as a â€Å"surviving spouse†. The court denied his case and stated that a â€Å"surviving spouse† is considered only as a lawfully recognized husband or wife. In 1995, in the ... ...r marriage to be between one man and one woman, not between two men or two women. Same sex marriage is nothing but detestation. â€Å"If a man also lie with mankind, as he lieth with a woman, both of them have committed an abomination: They shall surely be put to death; their blood shall be upon them. Letiviticus 20:13† Works Cited http://www.equalitymaine.org/marriage-civil-unions-and-domestic-partnerships-comparison http://www.infoplease.com/ipa/A0922609.html http://www.casebriefs.com/blog/law/wills-trusts-estates/wills-trusts-estates-keyed-to-dobris/estate-and-trust-administration/in-re-estate-of-cooper-2/ http://www.ncsl.org/default.aspx?tabid=16430 http://www.mit.edu/~thistle/v13/3/marriage.html http://www.cdc.gov/nchstp/dstd/Press_Releases/STDGay2000.htm http://atwar.blogs.nytimes.com/2011/07/18/more-legal-maneuvering-in-dont-ask-dont-tell-repeal/

Tuesday, January 14, 2020

Hertz Corporation

ALTRIA GROUP, INC. (MO) 10-Q Quarterly report pursuant to sections 13 or 15(d) Filed on 07/26/2012 Filed Period 06/30/2012 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q (Mark One) y QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2012 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from o Commission File Number 1-08940 Altria Group, Inc. (Exact name of registrant as specified in its charter) Virginia 13-3260245 (State or other jurisdiction of incorporation or organization) (I. R. S. Employer Identification No. ) 6601 West Broad Street, Richmond, Virginia 23230 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code (804) 274-2200 Former name, former address and former fiscal year, if changed since last reportIndicate by check mark whether the re gistrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ? No ? Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T ( §232. 05 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ? No ? Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of â€Å"large accelerated filer,† â€Å"accelerated filer† and â€Å"smaller reporting companyâ₠¬  in Rule 12b-2 of the Exchange Act. Large accelerated filer ? Accelerated filer ? Non-accelerated filer ? (Do not check if a smaller reporting company) Smaller reporting company ?Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ? No ? At July 16, 2012 , there were 2,032,833,474 shares outstanding of the registrant’s common stock, par value $0. 33 1/3 per share. Table of Contents ALTRIA GROUP, INC. TABLE OF CONTENTS Page No. PART I – FINANCIAL INFORMATION Item 1. Financial Statements (Unaudited) Condensed Consolidated Balance Sheets at June 30, 2012 and December 31, 2011 3 Condensed Consolidated Statements of Earnings for the Six Months Ended June 30, 2012 and 2011 5 Three Months Ended June 30, 2012 and 2011 Condensed Consolidated Statements of Comprehensive Earnings for the Six Months Ended June 30, 2012 and 2011 7 Three Months Ended June 30, 2012 and 2011 8 Condensed Consolidated Statements of Stoc kholders’ Equity for the Year Ended December 31, 2011 and the Six Months Ended June 30, 2012 9 Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2012 and 2011 10 Notes to Condensed Consolidated Financial Statements 12 Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 61 Item 4. Controls and Procedures 99 PART II – OTHER INFORMATIONItem 1. Legal Proceedings 100 Item 1A. Risk Factors 100 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 100 Item 5. Other Information 101 Item 6. Exhibits 102 Signature Signature 103 – 2- Table of Contents PART I – FINANCIAL INFORMATION Item 1. Financial Statements. Altria Group, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (in millions of dollars) (Unaudited) June 30, 2012 December 31, 2011 Assets Consumer products Cash and cash equivalents $ Receivables 1,528 $ 3,270 256 268 Leaf tobacco 799 934 Other raw mater ials 184 170 Work in process 269 316 Inventories:Finished product 432 Other current assets 1,779 1,207 Deferred income taxes 359 1,684 1,207 468 Property, plant and equipment, at cost 607 5,143 Total current assets 7,131 4,750 2,512 2,131 Goodwill 4,728 2,619 Less accumulated depreciation 2,216 5,174 Other assets 12,098 6,486 Investment in SABMiller 5,174 12,088 Other intangible assets, net 5,509 472 1,257 31,494 33,385 3,012 Total consumer products assets 3,559 Financial services Finance assets, net Other assets 41 Total Assets $ 18 3,053 Total financial services assets 3,577 34,547 $ See notes to condensed consolidated financial statements.Continued – 3- 36,962 Table of Contents Altria Group, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (Continued) (in millions of dollars, except share and per share data) (Unaudited) June 30, 2012 December 31, 2011 Liabilities Consumer products Current portion of long-term debt $ Accounts payable 600 $ 600 335 503 Marketing 5 81 430 Taxes, except income taxes 218 220 Accrued liabilities: Employment costs 110 225 Settlement charges 2,184 3,513 Other 1,217 1,311 Dividends payable 836 7,643 13,089 Long-term debt 841 6,081 Total current liabilities 13,089 Deferred income taxes 5,074 4,751Accrued pension costs 1,139 1,662 Accrued postretirement health care costs 2,367 2,359 Other liabilities 606 602 28,356 30,106 1,764 Total consumer products liabilities 2,811 Financial services Deferred income taxes Other liabilities 119 3,141 30,239 33,247 33 32 935 Total liabilities 330 1,883 Total financial services liabilities 935 Contingencies (Note 11) Redeemable noncontrolling interest Stockholders' Equity Common stock, par value $0. 33 1/3 per share (2,805,961,317 shares issued) Additional paid-in capital 5,647 Accumulated other comprehensive losses 5,674 24,334 Earnings reinvested in the business 3,583 (1,674) (1,887) Cost of repurchased stock (773,116,613 shares in 2012 and 761,542,032 shares in 2011) (24,969) (24, 625) Total stockholders’ equity attributable to Altria Group, Inc. 4,273 3,680 2 3 Noncontrolling interests Total stockholders’ equity 4,275 Total Liabilities and Stockholders’ Equity $ 34,547 See notes to condensed consolidated financial statements. – 4- 3,683 $ 36,962 Table of Contents Altria Group, Inc. and Subsidiaries Condensed Consolidated Statements of Earnings (in millions of dollars, except per share data) (Unaudited) For the Six Months Ended June 30, 2012Net revenues $ 2011 12,134 $ 11,563 Cost of sales 3,878 3,825 Excise taxes on products 3,560 3,618 Gross profit 4,696 4,120 1,130 1,272 Marketing, administration and research costs Asset impairment and exit costs 37 3 Amortization of intangibles 10 11 3,519 2,834 Operating income Interest and other debt expense, net 586 Earnings before income taxes 572 (743) Earnings from equity investment in SABMiller (344) 3,676 Net earnings attributable to noncontrolling interests 1,224 2,421 Net earnings 2,6 06 1,255 Provision for income taxes 1,382 (1 ) Net earnings attributable to Altria Group, Inc. (1) $ ,420 $ 1,381 Basic earnings per share attributable to Altria Group, Inc. $ 1. 19 $ 0. 66 Diluted earnings per share attributable to Altria Group, Inc. $ 1. 19 $ 0. 66 $ 0. 82 $ 0. 76 Per share data: Dividends declared See notes to condensed consolidated financial statements. – 5- Altria Group, Inc. and Subsidiaries Condensed Consolidated Statements of Earnings (in millions of dollars, except per share data) (Unaudited) For the Three Months Ended June 30, 2012 Net revenues $ 2011 6,487 $ 5,920 Cost of sales 2,086 2,030 Excise taxes on products 1,907 1,918 Gross profit 2,494 1,972 596 671 16 1Marketing, administration and research costs Asset impairment and exit costs Amortization of intangibles 5 Earnings from equity investment in SABMiller 1,295 293 Interest and other debt expense, net 5 1,877 Operating income 294 (223) Earnings before income taxes (155) 1,807 581 Net earnings 712 1,226 Provision for income taxes 1,156 444 Net earnings attributable to noncontrolling interests (1 ) Net earnings attributable to Altria Group, Inc. — $ 1,225 $ 444 Basic earnings per share attributable to Altria Group, Inc. $ 0. 60 $ 0. 21 Diluted earnings per share attributable to Altria Group, Inc. $ 0. 60 $ 0. 21 0. 41 $ 0. 38 Per share data: Dividends declared See notes to condensed consolidated financial statements. – 6- Table of Contents Altria Group, Inc. and Subsidiaries Condensed Consolidated Statements of Comprehensive Earnings (in millions of dollars) (Unaudited) For the Six Months Ended June 30, 2012 Net earnings $ 2,421 2011 $ 1,382 Other comprehensive earnings, net of deferred income taxes: Currency translation adjustments — 1 61 64 154 135 Benefit plans: Amounts reclassified to net earnings SABMiller: Ownership share of SABMiller's other comprehensive earnings before reclassifications to net earningsAmounts reclassified to net earnings (2 ) 5 152 205 2,634 Comprehensive earnings Comprehensive earnings attributable to noncontrolling interests 140 213 Other comprehensive earnings, net of deferred income taxes 1,587 (1) Comprehensive earnings attributable to Altria Group, Inc. See notes to condensed consolidated financial statements. – 7- $ 2,633 (1) $ 1,586 Table of Contents Altria Group, Inc. and Subsidiaries Condensed Consolidated Statements of Comprehensive Earnings (in millions of dollars) (Unaudited) For the Three Months Ended June 30, 2012 Net earnings $ 2011 1,226 $ 444Other comprehensive earnings, net of deferred income taxes: Currency translation adjustments — 1 39 32 (23) 78 (5) 1 Benefit plans: Amounts reclassified to net earnings SABMiller: Ownership share of SABMiller's other comprehensive (losses) earnings before reclassifications to net earnings Amounts reclassified to net earnings (28) 112 1,237 Comprehensive earnings Comprehensive earnings attributable to noncontrolling interests 79 11 Oth er comprehensive earnings, net of deferred income taxes 556 (1) Comprehensive earnings attributable to Altria Group, Inc. See notes to condensed consolidated financial statements. 8- $ 1,236 — $ 556 Table of Contents Altria Group, Inc. and Subsidiaries Condensed Consolidated Statements of Stockholders’ Equity for the Year Ended December 31, 2011 and the Six Months Ended June 30, 2012 (in millions of dollars, except per share data) (Unaudited) Attributable to Altria Group, Inc. Common Stock (1) Earnings Reinvested in the Business Accumulated Other Comprehensive Losses Cost of Repurchased Stock Non-controlling Interests Total Stockholders’ Equity $ 935 Balances, December 31, 2010 Additional Paid-in Capital $ 5,751 $ 23,459 $ $ (23,469) $ $ (1,484) 3 5,195 — — 3,390 — — 1Other comprehensive losses, net of deferred income tax benefit — — — (403) — — (403) Exercise of stock options and other stock award a ctivity — (77) — — 171 — 94 Cash dividends declared ($1. 58 per share) — — — — (3,266) Repurchases of common stock — — — — — (1,327) Other — — — — Net earnings Balances, December 31, 2011 (3,266) — — (1) 935 5,674 23,583 3 3,683 — — 2,420 — — — 2,420 Other comprehensive earnings, net of deferred income taxes — — — 213 — — 213 Exercise of stock options and other stock award activity — (27) — — 16 — (11) Cash dividends declared ($0. 82 per share) — — — — — (1,669) Repurchases of common stock — — (360) — (360) Balances, June 30, 2012 (1) (1,669) — — — — $ 935 $ 5,647 $ 24,334 — $ (1,674) (24,625) (1) Net earnings (1) Other (1,887) (1,327) 3,391 — $ (24,969) (1) $ 2 (1) $ 4,275 Net earnings attributable to noncontrolling interests for the six months ended June 30, 2012 and for the year ended December 31, 2011 exclude $1 million and $2 million, respectively, due to the redeemable noncontrolling interest related to Stag’s Leap Wine Cellars, which is reported in the mezzanine equity section in the condensed consolidated balance sheets at June 30, 2012 and December 31, 2011 , respectively.See Note 11. See notes to condensed consolidated financial statements. – 9- Table of Contents Altria Group, Inc. and Subsidiaries Condensed Consolidated Statements of Cash Flows (in millions of dollars) (Unaudited) For the Six Months Ended June 30, 2012 2011 Cash Provided by (Used In) Operating Activities Net earnings (loss) – Consumer products $ 2,311 – Financial services 110 Net earnings $ 1,962 (580) 2,421 1,382 Depreciation and amortization 113 121 Deferred income tax provision 299 132 (743) (344) (34) (24) (456) — Adjustm ents to reconcile net earnings to operating cash flows: Consumer productsEarnings from equity investment in SABMiller Asset impairment and exit costs, net of cash paid IRS payment related to LILO and SILO transactions Cash effects of changes: Receivables, net 2 Inventories (12) 95 Accrued liabilities and other current assets (94) (251) Income taxes 130 (64) Accounts payable 5 58 Accrued settlement charges 58 (1,329) (1,398) Pension plan contributions (514) (209) Pension provisions and postretirement, net 85 122 Other 90 121 Financial services Deferred income tax benefit (1,270) PMCC leveraged lease charges 7 Decrease to allowance for losses 10) Other liabilities (income taxes) 1,437 Other (529) 490 — 505 (21) See notes to condensed consolidated financial statements. Continued – 10- 23 (85) Net cash (used in) provided by operating activities 479 Table of Contents Altria Group, Inc. and Subsidiaries Condensed Consolidated Statements of Cash Flows (Continued) (in millions of dollars) (Unaudited) For the Six Months Ended June 30, 2012 2011 Cash Provided by (Used In) Investing Activities Consumer products Capital expenditures $ Other (39) $ (3) (40) 1 Financial services Proceeds from finance assets 552 129 510 0 — Net cash provided by investing activities 1,494 Cash Provided by (Used In) Financing Activities Consumer products Long-term debt issued Repurchases of common stock (360) (575) (1,674) Dividends paid on common stock (1,589) Issuances of common stock — 29 Financing fees and debt issuance costs — (23) (133) (155) (2,167) (819) Other Net cash used in financing activities Cash and cash equivalents: Decrease (1,742) Balance at beginning of period (250) 3,270 Balance at end of period $ 1,528 See notes to condensed consolidated financial statements. – 11 – 2,314 $ 2,064Table of Contents Note 1. Background and Basis of Presentation: Background At June 30, 2012, Altria Group, Inc. ‘s direct and indirect wholly- owned subsidiaries included Philip Morris USA Inc. (â€Å"PM USA†), which is engaged in the manufacture and sale of cigarettes and certain smokeless products in the United States; John Middleton Co. (â€Å"Middleton†), which is engaged in the manufacture and sale of machine-made large cigars and pipe tobacco, and is a wholly-owned subsidiary of PM USA; and UST LLC (â€Å"UST†), which through its direct and indirect wholly-owned subsidiaries including U.S. Smokeless Tobacco Company LLC (â€Å"USSTC†) and Ste. Michelle Wine Estates Ltd. (â€Å"Ste. Michelle†), is engaged in the manufacture and sale of smokeless products and wine. Philip Morris Capital Corporation (â€Å"PMCC†), another wholly-owned subsidiary of Altria Group, Inc. , maintains a portfolio of leveraged and direct finance leases. In addition, Altria Group, Inc. held an approximate 27. 0% economic and voting interest in SABMiller plc (â€Å"SABMiller†) at June 30, 2012, whi ch is accounted for under the equity method of accounting. Altria Group, Inc. s access to the operating cash flows of its wholly-owned subsidiaries consists of cash received from the payment of dividends and distributions, and the payment of interest on intercompany loans by its subsidiaries. In addition, Altria Group, Inc. receives cash dividends on its interest in SABMiller if and when SABMiller pays such dividends. At June 30, 2012, Altria Group, Inc. ‘s principal wholly-owned subsidiaries were not limited by long-term debt or other agreements in their ability to pay cash dividends or make other distributions with respect to their common stock.Share Repurchases In October 2011, Altria Group, Inc. ‘s Board of Directors authorized a $1. 0 billion share repurchase program, which Altria Group, Inc. intends to complete by the end of 2012 . During the six and three months ended June 30, 2012, Altria Group, Inc. repurchased 11. 9 million shares (aggregate cost of approximate ly $360 million , and $30. 16 average price per share) and 2. 0 million shares (aggregate cost of approximately $66 million , and $32. 37 average price per share), respectively. As of June 30, 2012 , Altria Group, Inc. had repurchased a total of 23. million shares of its common stock under this program at an aggregate cost of approximately $688 million , and an average price of $29. 01 per share. The timing of share repurchases under this program depends upon marketplace conditions and other factors, and the program remains subject to the discretion of Altria Group, Inc. ‘s Board of Directors. Basis of Presentation The interim condensed consolidated financial statements of Altria Group, Inc. are unaudited. It is the opinion of Altria Group, Inc. ‘s management that all adjustments necessary for a fair statement of the interim results presented have been reflected therein.All such adjustments were of a normal recurring nature. Net revenues and net earnings for any interim period are not necessarily indicative of results that may be expected for the entire year. These statements should be read in conjunction with the consolidated financial statements and related notes, which appear in Altria Group, Inc. ‘s Annual Report to Shareholders and which are incorporated by reference into Altria Group, Inc. ‘s Annual Report on Form 10-K for the year ended December 31, 2011. Balance sheet accounts are segregated by two broad types of businesses.Consumer products assets and liabilities are classified as either current or noncurrent, whereas financial services assets and liabilities are unclassified, in accordance with respective industry practices. During the second quarter of 2012, Altria Group, Inc. determined that it had not recorded in its financial statements for the three months ended March 31, 2012, its share of non-cash gains from its equity investment in SABMiller, relating to SABMiller's strategic alliance transactions with Anadolu Efes and Castel that were closed during the first quarter of 2012.Because Altria Group, Inc. did not record these gains, it understated by $342 million, $222 million and $0. 11 earnings from equity investment in SABMiller, net earnings/comprehensive earnings, and diluted earnings per share attributable to Altria Group, Inc. , respectively, for the three months ended March 31, 2012. Additionally, Altria Group, Inc. understated its investment in SABMiller, long-term liability for deferred income taxes and total stockholders' equity by $342 million, $120 million and $222 million, respectively, at March 31, 2012.There was no impact on net cash flows from operating, investing or financing activities for the three months ended March 31, 2012. Altria Group, Inc. assessed the materiality of – 12- Table of Contents Altria Group, Inc. and Subsidiaries Notes to Condensed Consolidated Financial Statements (Unaudited) these understatements in accordance with the Securities and Exchange Commission 's (â€Å"SEC†) Staff Accounting Bulletin No. 99 â€Å"Materiality† and determined that the impact was not material to Altria Group, Inc. ‘s financial statements as of and for the three months ended March 31, 2012.Accordingly, Altria Group, Inc. has determined that it is appropriate to revise its first quarter 2012 financial statements and has reflected this revision in the financial statements as of and for the six months ended June 30, 2012. Financial results for the three months ended March 31, 2012 reported in future filings will reflect this revision. Altria Group, Inc. ‘s chief operating decision maker has been evaluating the operating results of the former cigarettes and cigars segments as a single smokeable products segment since January 1, 2012.The combination of these two formerly separate segments is related to the restructuring associated with the cost reduction program announced in October 2011 (the â€Å"2011 Cost Reduction Program†). A lso, in connection with the 2011 Cost Reduction Program, effective January 1, 2012, Middleton became a wholly-owned subsidiary of PM USA, reflecting management's goal to achieve efficiencies in the management of these businesses. Effective with the first quarter of 2012, Altria Group, Inc. ‘s reportable segments are smokeable products, smokeless products, wine and financial services.For further discussion on the 2011 Cost Reduction Program, see Note 2. Asset Impairment, Exit, Implementation and Integration Costs. Effective January 1, 2012, Altria Group, Inc. adopted new authoritative guidance that eliminated the option of presenting components of other comprehensive earnings as part of the statement of stockholders' equity. With the adoption of this guidance, Altria Group, Inc. is reporting other comprehensive earnings in separate statements immediately following the statements of earnings. Note 2.Asset Impairment, Exit, Implementation and Integration Costs: Pre-tax asset impa irment, exit and implementation costs for the six and three months ended June 30, 2012 consisted of the following: For The Six Months Ended June 30, 2012 Asset Impairment and Exit Costs For The Three Months Ended June 30, 2012 Implementation (Gain) Costs Total Asset Impairment and Exit Costs Implementation Costs Total (in millions) Smokeable products $ 23 $ (12) $ 11 $ 16 $ 9 $ 25 Smokeless products 14 5 19 — — — General corporate — (1) (1 ) — — — Total $ 37

Monday, January 6, 2020

The Common Denominator of Security and Feminism - 600 Words

1.2 The Common Denominator of Security and Feminism Feminism is more than an intellectual enterprise, refers to the area where theory and practice meet, it is about the struggles of the women`s movement and the theory that flows from their experiences, about women`s security understanding that transform our understanding of men`s security. The link between feminism and security points out that understanding security issues needs an enlargement to include specific security concerns and beliefs of women. This research emphasizes context-based interpretations of gender in human security. In respect of a widen concept of human security, a feminist perspective highlights from the very beginning the danger of masking differences under the term†¦show more content†¦The broad-schools of security thinking neglected women`s insecurity and offer only a partial understanding of human security. Patriarchy, in feminist perspective an unwelcome word, determined the bottom of state security needs, as women`s status residence. The current research draws a feminist conceptualization of security, a formula about how human security scholars can mediate between human and state security, reconstructing and promoting the importance of all forms of identity. Human security safeguards and expands the vital freedoms of people, requires shielding people from acute threats and empowers them to change their lives. A gender sensitive human security concept looks at conflict, post conflict, poverty, migration, economic security, knowledge and values. A gendered instrument to achieve human security for both men and women is to allow more women roles and seats in local and national governments, to shift gender perspectives to the political debate. Gender refers to the social and cultural differences between the sexes, is focused on the welfare of people, supports human rights and addresses post conflict resolution. Human security is a wise way forward, but a gender sensitive human security is a way of peace and well-being. As theory, a gender sensitive human security proposes to discuss two dimensions, the first is about feminist critiques of the concept of human security, and the secondShow MoreRelatedThe History Of Childbirth, And Barbra Rothmans Childbirth1454 Words   |  6 Pagesthat at this point in time, it was still the midwives who were preferred as the doctors need to try out new equipment or methods scared some women.[ Dye, History of Child Birth in America, 97-108] Here is where Dye begins to explores the notion of feminism explaining that some may view amnesiac as women giving control up to men.[ Dye, History of Child Birth in America, 97-108] On the other end, she explains that a right to a painless childbirth may also be an example of women taking control. It isRead MoreOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Ha s Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 Pagesacross the Sahara Desert and the Indian Ocean.11 The movement of Chinese and South Asians before 1820 was generally freer, dominated by traders and short-term debt arrangements. But slave raiding was still common in the waters of Southeast Asia and, like African slavery, grew increasingly common over the eighteenth and early nineteenth centuries along with the growth in global commerce.12 Long-distance migration after the middle of the nineteenth century, by contrast, was mostly free. The transatlantic