Ferraro 500 - Uncertain Tax Positions

The Ferraro 500 is a reorganization of the Fortune 500 by the size of the companies' Unrecognized Tax Benefit reserve ("Tax Reserve"). Under the accounting requirements of FIN 48, a company must reserve, or in other words "hold back," earnings for tax positions for which the company thinks the IRS has a greater likelihood of prevailing than the company. This Tax Reserve amount can be substantial, especially when compared to the annual revenue generated by the company. The issues that make up a company's Tax Reserve are generally disclosed to the IRS in a concise description on Schedule UTP. However, the details of the issues are contained in the tax accrual work papers of the company. The details in the tax accrual work papers often make for valuable tax whistleblower submissions.

The 2015 Ferraro 500

Archives: 2010, 2011, 2012, 2013, 2014

2015 Ferraro 500 Rank Company 2015 Fortune 500 Rank 2014 Revenues
($ billions)
2014 Profits
($ millions)
2014 Tax Reserves
($ millions)
2013 Tax Reserves
($ millions)
% Change
1 (+1) Exxon Mobil 2 382.6 32,520.00 8,986.0 7,838.0 14.6%
2 (-1) Microsoft 31 86.8 22,074.00 8,714.0 8,648.0 0.8%
3 (0) General Electric 8 148.3 15,233.00 6,529.0 6,955.0 -6.1%
4 (0) Pfizer 56 49.6 9,135.00 6,182.0 6,087.0 1.6%
5 (+2) AT&T 12 132.4 6,224.00 5,438.0 5,261.0 3.4%
6 (+3) International Business Machines 24 94.1 12,022.00 5,104.0 4,458.0 14.5%
7 (-1) Wells Fargo 30 88.4 23,057.00 5,002.0 5,528.0 -9.5%
8 (-3) J.P. Morgan Chase & Co. 21 102.1 21,762.00 4,911.0 5,535.0 -11.3%
9 (-1) Entergy Corporation 241 12.5 941.00 4,736.8 4,593.2 3.1%
10 (0) American International Group 46 64.4 7,529.00 4,395.0 4,340.0 1.3%
11 (+4) Hewlett-Packard 19 111.5 5,013.00 4,128.0 3,484.0 18.5%
12 (+6) Apple 5 182.8 39,510.00 4,033.0 2,714.0 48.6%
13 (0) Oracle Corporation 81 38.3 10,955.00 3,838.0 3,601.0 6.6%
14 (-2) Chevron 3 203.8 19,241.00 3,552.0 3,848.0 -7.7%
15 (-1) Merck & Co., Inc. 71 42.2 11,920.00 3,534.0 3,503.0 0.9%
16 (+3) Google 40 71.5 14,444.00 3,412.0 2,571.0 32.7%
17 (0) Johnson & Johnson 37 74.3 16,323.00 2,465.0 2,729.0 -9.7%
18 (-7) Morgan Stanley 82 38 3,467.00 2,228.0 4,096.0 -45.6%
19 (+6) Cisco Systems, Inc. 60 47.1 7,853.00 1,938.0 1,775.0 9.2%
20 (0) General Motors 6 155.9 3,949.00 1,877.0 2,530.0 -25.8%
21 (+1) Exelon Corporation 111 27.4 1,623.00 1,829.0 2,175.0 -15.9%
22 (+1) Verizon Communications 15 127.1 9,625.00 1,823.0 2,130.0 -14.4%
23 (+8) Amgen Inc. 145 20.1 5,158.00 1,772.0 1,415.0 25.2%
24 (+143) Anadarko Petroleum Corporation 162 18.5 (1,750.00) 1,687.0 147.0 1047.6%
25 (+8) Facebook, Inc. 242 12.5 2,940.00 1,682.0 1,316.0 27.8%
26 (+6) Johnson Controls, Inc. 66 43.9 1,215.00 1,655.0 1,345.0 23.0%
27 (+7) PepsiCo 44 66.7 6,513.00 1,587.0 1,268.0 25.2%
28 (0) Procter & Gamble 32 84.5 11,643.00 1,437.0 1,600.0 -10.2%
29 (-5) Abbott Laboratories 134 22.3 2,284.00 1,403.0 1,965.0 -28.6%
30 (+8) Eli Lilly and Company 151 19.6 2,391.00 1,338.8 1,136.4 17.8%
31 (-10) Time Warner Inc. 104 28.8 3,827.00 1,327.0 2,186.0 -39.3%
32 (+5) Boeing 27 90.7 5,446.00 1,312.0 1,141.0 15.0%
33 (+11) Visa Inc. 238 12.7 5,438.00 1,303.0 1,023.0 27.4%
34 (-4) Ford Motor 9 144.1 3,187.00 1,286.0 1,564.0 -17.8%
35 (-8) Comcast 43 68.8 8,380.00 1,171.0 1,701.0 -31.2%
36 (+6) Express Scripts Holding 22 100.9 2,008.00 1,117.2 1,061.5 5.2%
37 (-2) United Technologies 45 65.1 6,220.00 1,089.0 1,223.0 -11.0%
38 (-22) Bank of America 23 95.2 4,833.00 1,068.0 3,068.0 -65.2%
39 (-10) Citigroup 28 90.6 7,313.00 1,060.0 1,574.0 -32.7%
40 (-0) Boston Scientific Corporation 378 7.4 (119.00) 1,047.0 1,069.0 -2.1%
40 (+7) Bristol-Myers Squibb Company 195 15.9 2,004.00 1,047.0 873.0 19.9%
42 (+3) Valero Energy 13 130.8 3,630.00 989.0 950.0 4.1%
43 (+26) McDonald's Corporation 110 27.4 4,758.00 988.1 512.7 92.7%
44 (+2) Du Pont de Nemours and Company 87 36 3,625.00 986.0 901.0 9.4%
45 (-2) American Express Company 88 36 5,885.00 909.0 1,044.0 -12.9%
46 (-20) Goldman Sachs Group, Inc. 76 40.1 8,477.00 871.0 1,765.0 -50.7%
47 (-11) Mondelez International, Inc. 91 34.2 2,184.00 852.0 1,189.0 -28.3%
48 (+5) Caterpillar 54 55.2 3,695.00 846.0 759.0 11.5%
49 (+3) Wal-Mart Stores 1 485.7 16,363.00 838.0 763.0 9.8%
50 (-11) Walt Disney Company 57 48.8 7,501.00 803.0 1,120.0 -28.3%
51 (+14) DIRECTV 95 33.2 2,756.00 784.0 589.0 33.1%
52 (-1) MetLife 39 73.3 6,309.00 779.0 774.0 0.6%
53 (-3) Home Depot 33 83.2 6,345.00 765.0 790.0 -3.2%
54 (+2) Danaher Corporation 147 20 2,598.00 728.5 689.0 5.7%
55 (+2) PG&E Corporation 182 17.1 1,436.00 713.0 666.0 7.1%
56 (+23) Amazon.com 29 88.9 (241.00) 710.0 407.0 74.4%
57 (-9) Bank of New York Mellon Corporation 189 16.4 2,567.00 669.0 866.0 -22.7%
58 (+59) Gilead Sciences, Inc. 118 24.9 12,101.00 661.0 236.5 179.5%
59 (-5) Honeywell International Inc. 74 40.3 4,239.00 659.0 729.0 -9.6%
60 (-5) Berkshire Hathaway 4 194.7 19,872.00 645.0 692.0 -6.8%
61 (+3) Discover Financial Services 303 9.6 2,323.00 635.0 629.0 1.0%
62 (-1) McKesson 11 138 1,263.00 616.0 647.0 -4.8%
63 (+3) Hess Corporation 141 21 2,317.00 603.0 570.0 5.8%
64 (-6) 3M Company 98 31.8 4,956.00 583.0 659.0 -11.5%
65 (+69) Intel Corporation 52 55.8 11,704.00 577.0 207.0 178.7%
66 (-17) Edison International 226 13.4 1,612.00 576.0 815.0 -29.3%
67 (+8) HCA Holdings, Inc. 75 40.1 1,875.00 548.0 462.0 18.6%
68 (-8) Cardinal Health 26 91.1 1,166.00 510.0 650.0 -21.5%
69 (+7) Nike, Inc. 106 27.8 2,693.00 506.0 447.0 13.2%
70 (-8) BB&T Corporation 292 9.9 2,151.00 503.0 644.0 -21.9%
71 (-12) ConocoPhillips 51 56 6,869.00 442.0 655.0 -32.5%
72 (+6) Energy Transfer Equity, L.P. 53 55.7 633.00 440.0 429.0 2.6%
73 (0) Northwestern Mutual Life Insurance Company,Inc. 109 27.5 679.00 431.0 467.0 -7.7%
74 (-7) Agilent Technologies, Inc. 389 7 504.00 424.0 516.0 -17.8%
75 (+36) AbbVie Inc. 146 20 1,774.00 421.0 247.0 70.4%
76 (-4) Kimberly-Clark Corporation 140 21 1,526.00 416.0 473.0 -12.1%
77 (+5) Best Buy Co., Inc. 72 41.9 1,233.00 410.0 370.0 10.8%
78 (-1) Hilton Worldwide Holdings Inc. 280 10.5 673.00 401.0 435.0 -7.8%
79 (+4) eBay Inc. 172 17.9 46.00 396.0 334.0 18.6%
80 (+1) AES Corporation 178 17.4 769.00 395.0 392.0 0.8%
81 (+4) Newmont Mining Corporation 379 7.3 508.00 394.0 320.0 23.1%
82 (+9) Textron Inc. 219 13.9 600.00 385.0 284.0 35.6%
83 (+19) EMC Corporation 121 24.4 2,714.00 383.0 266.0 44.0%
84 (-11) BlackRock, Inc. 267 11.1 3,294.00 379.0 467.0 -18.8%
85 (+45) Halliburton Company 96 32.9 3,500.00 370.0 209.0 77.0%
86 (-6) Broadcom Corporation 340 8.4 652.00 364.0 403.0 -9.7%
86 (-1) MasterCard Incorporated 308 9.5 3,617.00 364.0 320.0 13.8%
88 (-17) Public Service Enterprise Group Incorporated 274 10.9 1,518.00 332.0 478.0 -30.5%
89 (-2) St. Jude Medical, Inc. 466 5.6 1,002.00 328.0 315.0 4.1%
90 (+45) Stryker Corporation 300 9.7 515.00 315.0 204.0 54.4%
91 (+250) Aflac Incorporated 132 22.7 2,951.00 309.0 28.0 1003.6%
91 (+19) Computer Sciences Corporation 229 13.2 674.00 309.0 253.0 22.1%
93 (-31) Chesapeake Energy Corporation 142 21 1,917.00 303.0 644.0 -53.0%
94 (+22) Western Digital Corporation 205 15.1 1,617.00 300.0 240.0 25.0%
95 (-3) Baker Hughes Incorporated 119 24.5 1,719.00 291.0 282.0 3.2%
96 (+3) Stanley Black & Decker, Inc. 261 11.5 761.00 280.8 269.5 4.2%
97 (-2) Reinsurance Group of America, Incorporated 273 10.9 684.00 274.7 279.8 -1.8%
98 (+49) Tyson Foods, Inc. 83 37.6 864.00 272.0 175.0 55.4%
99 (+42) NetApp, Inc. 428 6.3 638.00 271.9 189.6 43.4%
100 (+4) U.S. Bancorp 138 21.4 5,851.00 267.0 264.0 1.1%
101 (+73) Safeway Inc. 84 36.6 113.00 262.7 137.5 91.1%
102 (+20) Altria Group, Inc. 169 17.9 5,070.00 258.0 227.0 13.7%
103 (+4) Kraft Foods Group, Inc. 165 18.2 1,043.00 256.0 259.0 -1.2%
104 (+23) Celgene Corporation 369 7.7 2,000.00 251.8 219.2 14.9%
105 (-8) NCR Corporation 412 6.6 191.00 248.0 277.0 -10.5%
106 (-22) Kroger 20 108.5 1,728.00 246.0 325.0 -24.3%
107 (-37) PVH Corp. 351 8.2 439.00 244.5 485.7 -49.7%
108 (+22) Ameriprise Financial, Inc. 247 12.3 1,619.00 242.0 209.0 15.8%
109 (+4) Devon Energy Corporation 152 19.6 1,607.00 241.0 243.0 -0.8%
110 (-8) Dow Chemical 48 58.2 3,772.00 240.0 266.0 -9.8%
110 (-4) Starwood Hotels & Resorts Worldwide, Inc. 442 6 633.00 240.0 261.0 -8.0%
110 (-9) Xerox Corporation 143 20.9 969.00 240.0 267.0 -10.1%
113 (+14) Interpublic Group of Companies, Inc. 372 7.5 477.00 238.0 219.2 8.6%
114 (-18) First Data Corporation 265 11.2 (458.00) 236.4 279.5 -15.4%
115 (+8) Jabil Circuit, Inc. 191 16.3 241.00 229.7 222.2 3.4%
116 (-5) Celanese Corporation 395 6.8 624.00 228.0 247.0 -7.7%
116 (+140) KBR, Inc. 424 6.4 (1,262.00) 228.0 68.0 235.3%
116 (+127) Micron Technology, Inc. 190 16.4 3,045.00 228.0 78.0 192.3%
119 (+19) Colgate-Palmolive Company 179 17.3 2,180.00 218.0 199.0 9.5%
119 (-19) Illinois Tool Works Inc. 201 15.3 2,946.00 218.0 268.0 -18.7%
121 (-3) United Parcel Service 47 58.2 3,032.00 217.0 235.0 -7.7%
122 (-28) Staples, Inc. 133 22.5 135.00 216.0 281.0 -23.1%
123 (+54) Thermo Fisher Scientific Inc. 181 17.1 1,894.00 214.1 134.2 59.5%
124 (-26) Deere & Company 86 36.1 3,162.00 213.0 272.0 -21.7%
124 (-4) Duke Energy Corporation 116 25.7 1,883.00 213.0 230.0 -7.4%
124 (-56) Fannie Mae 17 116.5 14,208.00 213.0 514.0 -58.6%
127 (-7) Coca-Cola Company 63 46 7,098.00 211.0 230.0 -8.3%
128 (-13) Northrop Grumman Corporation 124 24 2,069.00 210.0 241.0 -12.9%
128 (-39) SunTrust Banks, Inc. 327 8.7 1,774.00 210.0 291.0 -27.8%
130 (+34) DISH Network Corporation 208 14.6 945.00 207.7 151.4 37.2%
131 (-41) Baxter International Inc. 185 17 2,497.00 206.0 287.0 -28.2%
132 (+46) Becton, Dickinson and Company 338 8.4 1,185.00 197.0 134.0 47.0%
133 (+21) L Brands, Inc. 262 11.5 1,042.00 193.0 167.0 15.6%
133 (-41) Symantec Corporation 405 6.7 898.00 193.0 282.0 -31.6%
133 (0) Walgreen Co. 35 76.4 1,932.00 193.0 208.0 -7.2%
136 (-31) Ally Financial Inc. 295 9.8 1,150.00 191.0 262.0 -27.1%
137 (-7) Kinder Morgan, Inc. 193 16.2 1,026.00 189.0 209.0 -9.6%
138 (-13) Sealed Air Corporation 366 7.8 258.00 188.9 221.9 -14.9%
139 (+57) CVS Caremark 10 139.3 4,644.00 188.0 117.0 60.7%
140 (0) HD Supply Holdings, Inc. 316 9.2 3.00 187.0 192.0 -2.6%
141 (+8) Leucadia National Corporation 244 12.4 208.00 185.9 173.7 7.0%
142 (+16) Viacom Inc. 222 13.8 2,391.00 185.0 159.0 16.4%
143 (+4) American Electric Power Company, Inc. 184 17 1,634.00 182.0 175.0 4.0%
143 (-55) Liberty Mutual Holding Company Inc. 78 39.8 1,833.00 182.0 298.0 -38.9%
145 (+13) L-3 Communications Holdings, Inc. 252 12.1 664.00 180.0 159.0 13.2%
146 (-2) Discovery Communications, Inc. 430 6.3 1,139.00 176.0 185.0 -4.9%
147 (+5) Cummins Inc. 154 19.2 1,651.00 174.0 169.0 3.0%
148 (+57) Principal Financial Group, Inc. 282 10.5 1,144.00 172.4 108.9 58.3%
149 (-7) Macy's, Inc. 105 28.1 1,526.00 172.0 189.0 -9.0%
150 (+262) Southern Company 163 18.5 1,963.00 170.0 7.0 2328.6%
151 (-5) TRW Automotive Holdings Corp. 175 17.5 293.00 168.0 176.0 -4.5%
152 (+56) Parker-Hannifin Corporation 230 13.2 1,041.00 164.8 107.4 53.4%
153 (+19) Philip Morris International Inc. 102 29.8 7,493.00 163.0 138.0 18.1%
153 (+7) State Street Corporation 278 10.7 2,037.00 163.0 158.0 3.2%
155 (+1) International Paper Company 114 26.2 555.00 158.0 161.0 -1.9%
156 (+23) Ashland Inc. 371 7.6 233.00 155.0 133.0 16.5%
156 (-11) Target 36 74.5 (1,636.00) 155.0 183.0 -15.3%
158 (-4) Monsanto Company 197 15.8 2,740.00 152.0 167.0 -9.0%
159 (+118) Union Pacific Corporation 123 24 5,180.00 151.0 59.0 155.9%
160 (-31) General Mills, Inc. 171 17.9 1,824.00 150.9 216.2 -30.2%
161 (+32) Sempra Energy 270 11 1,161.00 150.0 120.0 25.0%
162 (-53) Massachusetts Mutual Life Insurance Company 94 33.6 1,327.00 148.0 256.0 -42.2%
163 (N/A) SalesForce.com 483 5.4 (263.00) 146.2 NR N/A
164 (+66) Jarden Corporation 348 8.3 243.00 145.3 88.9 63.4%
165 (-41) Dominion Resources, Inc. 243 12.4 1,310.00 145.0 222.0 -34.7%
166 (-29) Twenty-First Century Fox, Inc. 97 31.9 4,514.00 144.0 200.0 -28.0%
167 (-4) Capital One Financial Corporation 126 23.9 4,428.00 143.0 153.0 -6.5%
168 (-32) Phillips 66 7 149.4 4,762.00 142.0 202.0 -29.7%
169 (+30) Whirlpool Corporation 148 19 650.00 141.0 113.0 24.8%
170 (+1) CBS Corporation 212 14.5 2,959.00 140.0 140.0 0.0%
171 (+2) Omnicom Group Inc. 200 15.3 1,104.00 139.8 137.8 1.5%
172 (N/A) Alliance Data Systems 494 5.3 506.00 137.6 NR N/A
173 (-16) Liberty Interactive Corporation 263 11.4 537.00 136.0 160.0 -15.0%
174 (+46) Cognizant Technology Solutions Corporation 288 10.3 1,439.00 135.6 96.6 40.4%
175 (-36) Applied Materials, Inc. 319 9.1 1,072.00 134.0 194.0 -30.9%
176 (+26) Biogen Idec Inc. 298 9.7 2,935.00 131.5 110.1 19.4%
177 (-12) Sears Holdings Corporation 99 31.2 (1,682.00) 131.0 150.0 -12.7%
178 (-2) V.F. Corporation 248 12.3 1,048.00 130.8 136.0 -3.8%
179 (+12) AGCO Corporation 296 9.7 410.00 130.6 122.2 6.9%
180 (+10) Avnet, Inc. 108 27.5 546.00 128.2 123.9 3.5%
181 (-38) SanDisk Corporation 408 6.6 1,007.00 125.2 185.3 -32.4%
182 (+6) Kohl's Corporation 157 19 867.00 123.0 125.0 -1.6%
183 (-8) Avery Dennison Corporation 427 6.3 249.00 122.6 137.2 -10.6%
184 (-31) Quest Diagnostics Incorporated 375 7.4 556.00 122.0 168.0 -27.4%
184 (+1) Emerson Electric Co. 120 24.5 2,147.00 120.0 127.0 -5.5%
186 (-4) Freeport-McMoRan Copper & Gold Inc. 137 21.4 (1,308.00) 119.0 131.0 -9.2%
187 (+17) Franklin Resources, Inc. 335 8.5 2,384.00 118.2 109.5 7.9%
188 (+49) McGraw Hill Financial, Inc. 500 5.2 (115.00) 118.0 82.0 43.9%
189 (+107) Eastman Chemical Company 305 9.5 751.00 117.0 51.0 129.4%
190 (-10) Ralph Lauren Corporation 374 7.5 776.00 116.0 132.0 -12.1%
191 (+22) Anthem (Formerly WellPoint) 38 73.9 2,570.00 115.8 103.2 12.2%
192 (-7) National Oilwell Varco, Inc. 127 23.1 2,502.00 115.0 127.0 -9.4%
192 (-79) Yum! Brands, Inc. 228 13.3 1,051.00 115.0 243.0 -52.7%
194 (+3) Tenneco Inc. 341 8.4 226.00 114.0 115.0 -0.9%
195 (-15) Icahn Enterprises L.P. 155 19.2 (373.00) 113.0 132.0 -14.4%
196 (+35) Starbucks Corporation 187 16.4 2,068.00 112.7 88.8 26.9%
197 (+10) Time Warner Cable Inc. 130 22.8 2,031.00 112.0 108.0 3.7%
197 (-12) United States Steel Corporation 176 17.5 102.00 112.0 127.0 -11.8%
199 (N/A) Expedia 458 5.8 398.00 110.6 NR N/A
200 (+15) Dana Holding Corporation 410 6.6 319.00 109.0 101.0 7.9%
201 (-12) Air Products & Chemicals, Inc. 284 10.4 992.00 108.7 124.3 -12.6%
202 (+23) Texas Instruments Incorporated 233 13 2,821.00 108.0 91.0 18.7%
203 (-20) iHeartMedia (Formerly CC Communications) 429 6.3 (794.00) 106.9 129.4 -17.4%
204 (-42) Owens Corning 498 5.3 226.00 106.0 155.0 -31.6%
205 (-6) Realogy Holdings Corp. 488 5.3 143.00 106.0 113.0 -6.2%
206 (-12) Raytheon Company 129 22.8 2,244.00 104.0 118.0 -11.9%
207 (+5) Newell Rubbermaid Inc. 455 5.8 378.00 101.4 103.3 -1.8%
208 (+10) Mosaic Company 320 9.1 1,029.00 100.6 99.2 1.4%
209 (-8) Mattel, Inc. 439 6 499.00 100.4 111.4 -9.9%
210 (+4) Cameron International Corporation 275 10.8 811.00 97.0 102.6 -5.5%
210 (-26) Marsh & McLennan Companies, Inc. 235 13 1,465.00 97.0 128.0 -24.2%
212 (-51) Motorola Solutions, Inc. 363 7.8 1,299.00 96.0 147.0 -34.7%
213 (+33) Supervalu Inc. 164 18.4 182.00 94.0 76.0 23.7%
214 (-19) Western Union Company 468 5607 852.00 93.4 117.5 -20.5%
215 (+14) UnitedHealth Group 14 130.5 5,619.00 92.0 89.0 3.4%
216 (+29) Allergan, Inc. 380 7.2 1,524.00 91.6 77.3 18.5%
217 (+42) Williams Companies, Inc. 370 7.6 2,114.00 89.0 66.0 34.8%
218 (+10) Wynn Resorts, Limited 477 5.4 732.00 88.9 89.5 -0.7%
219 (-93) Qualcomm Incorporated 113 26.5 7,967.00 87.0 221.0 -60.6%
220 (+3) MeadWestvaco Corporation 464 5.6 263.00 85.0 95.0 -10.5%
221 (-5) ConAgra Foods, Inc. 173 17.8 303.00 84.9 100.0 -15.1%
222 (+10) Goodyear Tire & Rubber Company 166 18.1 2,452.00 81.0 88.0 -8.0%
223 (+1) Bed Bath & Beyond Inc. 260 11.5 1,022.00 80.0 92.6 -13.6%
223 (-53) Caesars Entertainment Corporation 328 8.7 (2,783.00) 80.0 142.3 -43.8%
223 (-55) Marathon Oil Corporation 227 13.3 3,046.00 80.0 146.0 -45.2%
226 (-7) Ecolab Inc. 213 14.3 1,203.00 78.7 98.7 -20.3%
227 (+12) Ross Stores, Inc. 269 11 925.00 78.1 80.3 -2.7%
228 (+13) Kellogg Company 210 14.6 632.00 78.0 79.0 -1.3%
229 (+7) Dover Corporation 346 8.3 775.00 77.1 82.6 -6.7%
230 (-14) Owens-Illinois, Inc. 399 6.8 75.00 77.0 100.0 -23.0%
230 (-27) PNC Financial Services Group, Inc. 192 16.3 4,184.00 77.0 110.0 -30.0%
232 (+8) Costco Wholesale 18 112.6 2,058.00 75.0 80.0 -6.3%
232 (+19) Gap, Inc. 188 16.4 1,262.00 75.0 72.0 4.2%
234 (+1) Terex Corporation 377 7.4 319.00 74.2 83.7 -11.4%
235 (+23) CHS Inc. 69 42.7 1,081.00 72.2 67.3 7.3%
236 (+23) Archer Daniels Midland 34 81.2 2,248.00 72.0 66.0 9.1%
237 (+55) H.J. Heinz Company 272 10.9 657.00 71.4 53.1 34.5%
238 (+33) Campbell Soup Company 342 8.4 818.00 71.0 61.0 16.4%
238 (+17) Clorox Company 469 5.6 558.00 71.0 69.0 2.9%
238 (-41) NRG Energy, Inc. 196 15.8 134.00 71.0 115.0 -38.3%
238 (-4) PPG Industries, Inc. 198 15.6 2,102.00 71.0 85.0 -16.5%
238 (-46) Praxair, Inc. 249 12.3 1,694.00 71.0 121.0 -41.3%
243 (+8) Republic Services, Inc. 323 8.8 548.00 70.1 72.0 -2.6%
244 (-23) Huntsman Corporation 259 11.6 323.00 68.0 96.0 -29.2%
245 (-23) CBRE Group, Inc. 321 9.1 485.00 67.0 95.7 -30.0%
246 (+66) Xcel Energy Inc. 255 11.7 1,021.00 66.5 41.2 61.4%
247 (N/A) Hanesbrands 490 5.3 405.00 66.2 NR N/A
248 (+62) Henry Schein, Inc. 287 10.4 466.00 65.8 43.2 52.3%
249 (+19) Ryder System, Inc. 407 6.6 219.00 65.6 62.6 4.8%
250 (-8) Ball Corporation 332 8.6 470.00 65.5 78.3 -16.3%
251 (-132) Energy Future Holdings Corp. 446 6 (6,406.00) 65.0 231.0 -71.9%
252 (+13) Harley-Davidson, Inc. 431 6.2 845.00 64.2 63.1 1.7%
253 (+13) Avis Budget Group, Inc. 336 8.5 245.00 63.0 63.0 0.0%
253 (+6) Nucor Corporation 139 21.1 714.00 63.0 66.0 -4.5%
255 (+27) Las Vegas Sands Corp. 209 14.6 2,841.00 62.8 56.7 10.8%
256 (N/A) Voya Financial 268 11.1 2,300.00 62.4 NR N/A
257 (N/A) Trinity Industries 433 6.2 678.00 62.3 NR N/A
258 (-4) J.C. Penney Company, Inc. 250 12.3 (771.00) 62.0 70.0 -11.4%
259 (+26) Health Net, Inc. 216 14 146.00 61.5 55.6 10.6%
260 (+3) Norfolk Southern Corporation 256 11.6 2,000.00 61.0 65.0 -6.2%
260 (+11) Occidental Petroleum Corporation 115 25.9 616.00 61.0 61.0 0.0%
262 (+93) BorgWarner Inc. 347 8.3 656.00 60.4 22.9 163.8%
263 (+11) TravelCenters of America LLC 365 7.8 61.00 60.0 60.0 0.0%
263 (-13) Visteon Corporation 344 8.3 (295.00) 60.0 73.0 -17.8%
265 (+25) AK Steel Holding Corporation 415 6.5 (97.00) 59.9 53.8 11.3%
266 (+15) Gannett Co., Inc. 441 6 1,062.00 58.9 57.3 2.8%
267 (+74) Avon Products, Inc. 322 8.6 (389.00) 58.7 28.0 109.6%
268 (+59) R.R. Donnelley & Sons Company 258 11.6 117.00 58.5 33.8 73.1%
269 (-5) Estée Lauder Companies Inc. 271 11 1,204.00 58.1 64.0 -9.2%
269 (+19) Quanta Services, Inc. 361 7.9 297.00 58.1 54.8 6.0%
271 (N/A) News Corporation 331 8.6 239.00 58.0 NR 0.0%
272 (-47) Loews Corporation 211 14.6 591.00 57.0 91.0 -37.4%
273 (-20) Automatic Data Processing, Inc. 251 12.2 1,516.00 56.5 70.7 -20.1%
274 (-18) Calpine Corporation 353 8 946.00 56.0 68.0 -17.6%
275 (+25) TJX Companies, Inc. 103 29.1 2,215.00 55.6 48.7 14.2%
276 (+10) Booz Allen Hamilton Holding Corp. 475 5.5 232.00 55.2 55.0 0.4%
277 (+173) Publix Super Markets, Inc. 101 30.8 1,735.00 55.0 0.0 0.0%
278 (-16) Sanmina 432 6.2 197.00 54.2 65.2 -16.9%
279 (-52) Ameren Corporation 438 6.1 586.00 54.0 90.0 -40.0%
280 (+77) Priceline Group Inc. 339 8.4 2,422.00 52.4 22.1 137.1%
281 (N/A) Navient 463 5.6 1,149.00 51.9 NR N/A
282 (+16) O'Reilly Automotive, Inc. 381 7.2 778.00 50.0 50.5 -1.0%
282 (+14) Regions Financial Corporation 479 5.4 1,155.00 50.0 51.0 -2.0%
282 (-36) Spectra Energy Corp 449 5.9 1,082.00 50.0 76.0 -34.2%
285 (-2) Mohawk Industries, Inc. 362 7.8 532.00 49.6 56.5 -12.2%
286 (-80) Sysco Corporation 61 46.5 932.00 49.2 108.3 -54.6%
287 (+26) Genworth Financial, Inc. 304 9.6 (1,244.00) 49.0 41.0 19.5%
288 (+40) CH2M HILL Companies, Ltd. 480 5414 (182.00) 48.6 32.8 48.2%
289 (N/A) Jones Lang LaSalle 478 5.4 386.00 48.5 NR N/A
290 (N/A) ARRIS Group 492 5.3 327.00 48.0 NR N/A
290 (-183) Domtar Corporation 470 5.6 431.00 48.0 259.0 -81.5%
290 (+11) Hartford Financial Services Group, Inc. 160 18.8 798.00 48.0 48.0 0.0%
290 (-13) Masco Corporation 334 8.5 856.00 48.0 59.0 -18.6%
294 (-3) AECOM Technology Corporation 343 8.4 230.00 47.5 53.7 -11.5%
295 (-63) Navistar International Corporation 276 10.8 (619.00) 47.0 88.0 -46.6%
296 (-20) US Foods, Inc. 128 23 (73.00) 46.6 59.3 -21.4%
297 (+20) Eversource Energy (Formerly Northeast Utilities) 367 7.7 820.00 46.2 38.2 20.9%
298 (+18) W.W. Grainger, Inc. 290 10 802.00 45.1 40.3 11.9%
299 (+8) Arrow Electronics, Inc 131 22.8 498.00 44.7 46.0 -2.8%
300 (-131) Peabody Energy Corporation 398 6.8 (787.00) 44.5 143.9 -69.1%
301 (N/A) Harman International Industries 486 5.3 235.00 44.2 NR N/A
302 (+7) FMC Technologies, Inc. 357 7.9 700.00 43.5 44.2 -1.6%
303 (+3) AmerisourceBergen 16 119.6 277.00 42.9 46.3 -7.3%
304 (-5) Waste Management, Inc. 217 14 1,298.00 42.0 49.0 -14.3%
305 (-10) Jacobs Engineering Group Inc. 239 12.7 328.00 41.9 51.8 -19.1%
306 (-20) Quintiles Transnational Holdings Inc. 476 5.5 356.00 40.8 55.0 -25.8%
307 (+11) Delta Air Lines, Inc. 73 40.4 659.00 40.0 37.0 8.1%
307 (-6) Foot Locker, Inc. 384 7.1 520.00 40.0 48.0 -16.7%
309 (-1) Lear Corporation 174 17.7 672.00 39.7 45.2 -12.2%
310 (+4) Rockwell Automation, Inc. 409 6.6 827.00 38.9 40.8 -4.7%
311 (+25) Darden Restaurants, Inc. 325 8.8 286.00 38.1 29.9 27.4%
312 (-7) FedEx Corporation 65 45.6 2,097.00 38.0 47.0 -19.1%
312 (-1) Tenet Healthcare Corporation 170 17.9 12.00 38.0 43.0 -11.6%
314 (+46) Rock-Tenn Company 293 9.9 480.00 36.5 21.3 71.4%
315 (-49) Alcoa Inc. 125 23.9 268.00 35.0 63.0 -44.4%
315 (+3) PPL Corporation 257 11.6 1,737.00 35.0 37.0 -5.4%
315 (+7) Wyndham Worldwide Corporation 497 5.3 529.00 35.0 36.0 -2.8%
318 (N/A) Netflix 474 5.5 267.00 34.8 NR N/A
319 (+85) Consolidated Edison, Inc. 236 12.9 1,092.00 34.0 9.0 277.8%
319 (-18) FirstEnergy Corp. 206 15.1 299.00 34.0 48.0 -29.2%
319 (-30) Fluor Corporation 136 21.5 511.00 34.0 54.1 -37.2%
322 (-4) Oshkosh Corporation 394 6.8 309.00 33.5 37.0 -9.5%
323 (+11) AutoZone, Inc. 307 9.5 1,070.00 33.1 30.6 8.2%
324 (-174) PulteGroup, Inc. 453 5.8 474.00 32.9 173.3 -81.0%
325 (-115) Hershey Company 376 7.4 847.00 32.2 104.0 -69.0%
326 (-53) DaVita HealthCare Partners Inc. 231 13.2 723.00 31.9 60.5 -47.3%
326 (-47) General Cable Corporation 443 6 (628.00) 31.9 57.7 -44.7%
328 (+9) J.B. Hunt Transport Services, Inc. 434 6.2 375.00 31.6 29.7 6.4%
328 (+4) Sherwin-Williams Company 266 11.1 866.00 31.6 31.0 1.9%
330 (-121) MGM Resorts International 289 10.1 (150.00) 31.1 106.2 -70.7%
331 (-2) ManpowerGroup Inc. 144 20.8 428.00 30.8 32.3 -4.6%
332 (-9) Ingram Micro Inc. 62 46.5 267.00 30.4 35.4 -14.1%
333 (-15) Toys "R" Us, Inc. 245 12.4 (292.00) 30.0 37.0 -18.9%
334 (+3) J.M. Smucker Company 467 5.6 565.00 29.1 29.7 -2.0%
335 (-42) Advanced Micro Devices, Inc. 473 5.5 (403.00) 28.0 52.0 -46.2%
336 (N/A) Amphenol 487 5.3 709.00 27.7 NR N/A
337 (+3) Commercial Metals Company 388 7.1 116.00 27.3 28.6 -4.5%
338 (-69) Reynolds American Inc. 337 8.5 1,470.00 27.0 62.0 -56.5%
339 (-24) Dean Foods Company 306 9.5 (20.00) 26.5 40.5 -34.6%
340 (-10) Aramark Holdings Corporation 207 14.8 149.00 26.2 32.0 -18.1%
341 (+31) CIGNA Corporation 90 35.1 2,102.00 26.0 17.0 52.9%
341 (-9) Crown Holdings, Inc. 318 9.1 387.00 26.0 31.0 -16.1%
343 (+5) CarMax, Inc. 232 13.1 493.00 25.0 26.3 -4.9%
344 (-9) Family Dollar Stores, Inc. 281 10.5 285.00 24.7 30.2 -18.2%
345 (+7) NiSource Inc. 418 6.5 530.00 24.4 23.8 2.5%
346 (+1) World Fuel Services Corporation 68 43.4 222.00 24.3 26.5 -8.3%
347 (-22) Ingredion Incorporated 462 5.7 355.00 23.0 34.0 -32.4%
347 (+28) Office Depot, Inc. 194 16.1 (354.00) 23.0 15.0 53.3%
347 (+14) Travelers Companies, Inc. 112 27.2 3,692.00 23.0 21.0 9.5%
350 (+13) Hormel Foods Corporation 310 9.3 603.00 22.6 20.1 12.4%
351 (+7) Synnex Corporation 220 13.8 180.00 21.9 21.9 0.0%
352 (+4) Autoliv, Inc. 312 9.2 468.00 21.5 22.7 -5.3%
353 (+9) GameStop Corp. 311 9.3 393.00 21.4 20.6 3.9%
354 (-1) CSX Corporation 240 12.6 1,927.00 21.0 23.0 -8.7%
354 (-13) Tesoro Corporation 77 40.1 843.00 21.0 28.0 -25.0%
356 (+9) Reliance Steel & Aluminum Co. 283 10.5 372.00 20.2 19.4 4.1%
357 (-6) WESCO International, Inc. 360 7.9 276.00 20.0 25.5 -21.6%
358 (+9) The Blackstone Group L.P. 373 7.5 1,585.00 19.8 18.9 4.8%
358 (+11) Unum Group 279 10.5 413.00 19.8 18.4 7.6%
360 (-85) Genuine Parts Company 199 15.3 711.00 19.5 59.5 -67.2%
361 (-30) Barnes & Noble, Inc. 423 6.4 (47.00) 19.2 31.5 -39.0%
362 (+31) Huntington Ingalls Industries, Inc. 390 7 338.00 19.0 11.0 72.7%
363 (-24) Fidelity National Information Services, Inc. 422 6.4 679.00 18.4 29.2 -37.0%
364 (+9) C. H. Robinson Worldwide, Inc. 225 13.5 450.00 18.3 16.9 8.3%
365 (+6) PetSmart, Inc. 386 7.1 426.00 17.8* 17.8 0.0%  
366 (-20) Steel Dynamics, Inc. 326 8.8 157.00 17.3 26.6 -35.0%
367 (+12) CenturyLink, Inc. 168 18 772.00 17.0 14.0 21.4%
367 (+22) Level 3 Communications, Inc. 401 6.8 314.00 17.0 13.0 30.8%
369 (-19) Laboratory Corporation of America Holdings 440 6 511.00 16.7 25.6 -34.8%
370 (+8) Omnicare, Inc. 414 6.5 145.00 16.5 14.8 11.5%
371 (+74) Community Health Systems, Inc. 135 22 92.00 16.0 0.5 3100.0%
371 (+22) JetBlue Airways Corporation 454 5.8 401.00 16.0 11.0 45.5%
371 (+8) Precision Castparts Corp. 302 9.6 1,777.00 16.0 14.0 14.3%
374 (-137) Lincoln National Corporation 223 13.6 1,515.00 15.0 82.0 -81.7%
374 (+5) Nordstrom, Inc. 224 13.5 720.00 15.0 14.0 7.1%
376 (-8) Advance Auto Parts, Inc. 294 9.8 494.00 14.0 18.5 -24.3%
377 (+20) Western Refining, Inc. 204 15.2 560.00 13.8 10.6 30.2%
378 (+1) Penske Automotive Group, Inc. 177 17.4 287.00 13.1 14.0 -6.4%
379 (0) Dr Pepper Snapple Group, Inc. 437 6.1 703.00 13.0 14.0 -7.1%
380 (+8) Harbinger Group Inc. 447 6 (10.00) 12.6 13.8 -8.7%
380 (+12) Live Nation Entertainment, Inc. 392 6.9 (91.00) 12.6 12.9 -2.3%
382 (+9) Marathon Petroleum 25 91.4 2,524.00 12.0 13.0 -7.7%
382 (+7) PACCAR Inc 158 19 1,359.00 12.0 13.1 -8.4%
384 (+18) Charles Schwab Corporation 435 6.2 1,321.00 11.0 10.0 10.0%
384 (+28) Fifth Third Bancorp 416 6.5 1,481.00 11.0 7.0 57.1%
384 (-35) Weyerhaeuser Company 355 8 1,826.00 11.0 26.0 -57.7%
387 (+63) WellCare Health Plans, Inc. 234 13 64.00 10.4 0.0 0.0%
388 (-13) Corning Incorporated 297 9.7 2,472.00 10.0 15.0 -33.3%
388 (+33) Host Hotels & Resorts, Inc. 485 5.4 732.00 10.0 5.0 100.0%
388 (-63) Marriott International, Inc. 221 13.8 753.00 10.0 34.0 -70.6%
391 (+10) Rite Aid Corporation 117 25.5 249.00 9.5 10.1 -5.9%
392 (-28) Dollar General Corporation 159 18.9 1,065.00 9.3 19.6 -52.6%
393 (+13) Casey's General Stores, Inc. 382 7.2 127.00 9.2 8.9 3.4%
394 (+8) DTE Energy Company 246 12.3 905.00 9.0 10.0 -10.0%
394 (-15) United Continental Holdings, Inc. 79 38.9 1,132.00 9.0 14.0 -35.7%
396 (+14) Dick's Sporting Goods, Inc. 393 6.8 344.00 8.4 7.5 12.0%
397 (+1) Lennar Corporation 364 7.8 639.00 7.3 10.5 -30.5%
398 (+19) KKR & Co. L.P. 356 8 478.00 7.2 6.0 20.0%
399 (-130) Lowe's Companies 50 56.2 2,698.00 7.0 62.0 -88.7%
399 (-46) United Rentals, Inc. 461 5.7 540.00 7.0 23.0 -69.6%
401 (+10) Seaboard Corporation 417 6.5 365.00 6.9 7.3 -5.5%
402 (+22) Owens & Minor, Inc. 309 9.4 67.00 6.7 4.6 45.7%
403 (+17) Dollar Tree, Inc. 330 8.6 599.00 6.5 5.5 18.2%
404 (-4) Assurant, Inc. 285 10.4 471.00 6.3 10.3 -38.8%
405 (+45) Murphy USA Inc. 202 15.3 244.00 6.1 0.0 0.0%
406 (+11) American Airlines Group Inc. (formerly known as AMR) 70 42.7 2,882.00 6.0 6.0 0.0%
406 (+10) Murphy Oil Corporation 350 8.3 906.00 6.0 6.4 -6.3%
406 (-13) Prudential Financial, Inc. 55 54.1 1,381.00 6.0 11.0 -45.5%
409 (N/A) Spirit AeroSystems Holdings 396 6.8 359.00 5.9 NR N/A
410 (+4) Sonic Automotive, Inc. 315 9.2 97.00 5.7 6.7 -14.9%
411 (+13) Windstream Holdings, Inc. 452 5.8 (40.00) 5.6 4.6 21.7%
412 (+23) EMCOR Group, Inc. 421 6.4 169.00 5.2 3.1 67.7%
413 (+6) Tech Data Corporation 107 27.7 175.00 5.1 5.9 -13.6%
414 (+14) CMS Energy Corporation 383 7.2 477.00 5.0 4.0 25.0%
414 (-39) Fidelity National Financial, Inc. 314 9.2 583.00 5.0 15.0 -66.7%
414 (+7) Southwest Airlines Co. 161 18.6 1,136.00 5.0 5.0 0.0%
417 (+6) AutoNation, Inc. 156 19.1 419.00 4.9 4.8 2.1%
417 (-9) Con-way Inc. 456 5.8 137.00 4.9 8.4 -41.7%
419 (-4) Dillard's, Inc. 400 6.8 332.00 4.8 6.5 -26.2%
420 (N/A) Packaging Corp. of America 451 5.9 393.00 4.4 NR N/A
421 (-141) Cablevision Systems Corporation 419 6.5 311.00 4.0 57.4 -93.0%
421 (+13) Centene Corporation 186 16.6 271.00 4.0 3.3 21.2%
421 (+5) Insight Enterprises, Inc. 493 5.3 76.00 4.0 4.2 -4.8%
424 (+16) Tractor Supply Company 460 5.7 371.00 3.5 2.5 40.0%
425 (+4) Integrys Energy Group, Inc. 404 6.7 277.00 3.3 3.6 -8.3%
426 (+9) Essendant (Formerly United Stationers Inc.) 489 5.3 119.00 3.2 3.1 3.2%
427 (+3) Graybar Electric Company, Inc. 445 6 87.00 3.1 3.4 -8.8%
428 (+2) Anixter International Inc. 420 6.4 195.00 3.0 3.4 -11.8%
429 (N/A) Delek US Holdings 345 8.3 199.00 2.7 NR N/A
430 (+11) LKQ Corporation 403 6.7 382.00 2.6 1.8 44.4%
430 (-21) Molina Healthcare, Inc. 301 9.7 62.00 2.6 8.0 -67.5%
432 (+7) Kelly Services, Inc. 471 5.6 24.00 2.4 2.8 -14.3%
432 (-2) UGI Corporation 349 8.3 337.00 2.4 3.4 -29.4%
432 (-2) Universal Health Services, Inc. 324 8.8 545.00 2.4 3.4 -29.4%
435 (N/A) SpartanNash 359 7.9 59.00 2.2 NR N/A
436 (N/A) LifePoint Health 495 5.3 126.00 1.7 NR N/A
437 (N/A) Lithia Motors 482 5.4 139.00 1.5 NR N/A
438 (+4) Land O'Lakes, Inc. 203 15.2 267.00 1.4 1.5 -6.7%
439 (N/A) A-Mark Precious Metals 444 6 8.00 0.7 NR N/A
440 (+4) Core-Mark Holding Company, Inc. 352 8.2 43.00 0.4 0.6 -33.3%
441 (+5) Asbury Automotive Group, Inc. 450 5.8 112.00 0.3 0.3 0.0%
442 (+8) Aetna Inc. 49 58 2,041.00 0.0 0.0 0.0%
442 (N/A) AGL Resources 465 5.6 482.00 0.0 NR N/A
442 (+8) Alaska Air Group, Inc. 484 5.4 605.00 0.0 0.0 0.0%
442 (+8) Alleghany Corporation 499 5.2 679.00 0.0 0.0 0.0%
442 (+8) Allstate Corporation 89 35.2 2,850.00 0.0 0.0 0.0%
442 (-76) American Financial Group, Inc. 459 5.7 452.00 0.0 19.0 -100.0%
442 (-5) Apache Corporation 218 13.9 (5,403.00) 0.0 3.0 -100.0%
442 (+8) Buckeye Partners, L.P. 406 6.6 273.00 0.0 0.0 0.0%
442 (+8) Calumet Specialty Products Partners, L.P. 457 5.8 (112.00) 0.0 0.0 0.0%
442 (+8) CDW Corporation 253 12.1 245.00 0.0 0.0 0.0%
442 (+8) CenterPoint Energy, Inc. 313 9.2 611.00 0.0 0.0 0.0%
442 (+8) Charter Communications, Inc. 317 9.1 (183.00) 0.0 0.0 0.0%
442 (+8) Chubb Corporation 215 14.1 2,100.00 0.0 0.0 0.0%
442 (+8) Coca-Cola Enterprises, Inc. 368 7.7 663.00 0.0 0.0 0.0%
442 (+8) CST Brands, Inc. 277 10.8 200.00 0.0 0.0 0.0%
442 (-16) D.R. Horton, Inc. 354 8 534.00 0.0 4.2 -100.0%
442 (+8) Enterprise Products Partners L.P. 59 48 2,787.00 0.0 0.0 0.0%
442 (+8) EOG Resources, Inc. 167 18 2,916.00 0.0 0.0 0.0%
442 (+8) Erie Insurance Group 436 6.1 168.00 0.0 0.0 0.0%
442 (+8) Expeditors International of Washington, Inc. 413 6.6 377.00 0.0 0.0 0.0%
442 (N/A) Farmers Insurance Exchange 264 11.3 3.00 0.0 NR N/A
441 (+9) Freddie Mac 42 69.4 7,690.00 0.0 0.0 0.0%
442 (+8) General Dynamics Corporation 100 30.9 2,533.00 0.0 0.0 0.0%
442 (+8) Global Partners LP 180 17.3 115.00 0.0 0.0 0.0%
442 (+8) Group 1 Automotive, Inc. 291 9.9 93.00 0.0 0.0 0.0%
442 (-38) HollyFrontier Corporation 150 19.8 281.00 0.0 9.0 -100.0%
442 (+8) Humana Inc. 58 48.5 1,147.00 0.0 0.0 0.0%
442 (+7) INTL FCStone Inc. 93 34.1 19.00 0.0 0.1 -100.0%
442 (+8) Jones Financial Companies,L.L.L.P. 426 6.3 770.00 0.0 0.0 0.0%
442 (+4) Kindred Healthcare, Inc. 491 5.3 (80.00) 0.0 0.3 -100.0%
442 (+8) Lockheed Martin Corporation 64 45.6 3,614.00 0.0 0.0 0.0%
442 (+8) MRC Global Inc. 448 5.9 144.00 0.0 0.0 0.0%
442 (+8) Mutual of Omaha Insurance Company 391 6.9 292.00 0.0 0.0 0.0%
442 (+8) NextEra Energy, Inc. 183 17 2,465.00 0.0 0.0 0.0%
442 (N/A) NGL Energy Partners 299 9.7 48.00 0.0 NR N/A
442 (+8) Old Republic International Corporation 472 5.5 410.00 0.0 0.0 0.0%
442 (+8) ONEOK, Inc. 237 12.8 314.00 0.0 0.0 0.0%
442 (+8) Pacific Life 387 7.1 540.00 0.0 0.0 0.0%
442 (+8) Pantry, Inc. 402 6.8 13.00 0.0 0.0 0.0%
442 (+8) PBF Energy Inc. 149 19.8 (38.00) 0.0 0.0 0.0%
442 (N/A) Pioneer Natural Resources 496 5.3 930.00 0.0 NR N/A
442 (+8) Plains GP Holdings, L.P. 67 43.5 70.00 0.0 0.0 0.0%
442 (+8) Progressive Corporation 153 19.4 1,281.00 0.0 0.0 0.0%
442 (+8) Targa Resources Corp. 329 8.6 102.00 0.0 0.0 0.0%
442 (+8) United Natural Foods, Inc. 397 6.8 126.00 0.0 0.0 0.0%
442 (+8) W.R. Berkley Corporation 385 7.1 649.00 0.0 0.0 0.0%
442 (-5) Whole Foods Market, Inc. 214 14.2 579.00 0.0 3.0 -100.0%
489 (+1) American Family Ins. Group 358 7.9 515.00 N/A N/A N/A
489 (+1) Auto-Owners Insurance Group 425 6.3 564.00 N/A N/A N/A
489 (+1) Guardian Life Ins. Co. of America 254 11.9 445.00 N/A N/A N/A
489 (N/A) Lansing Trade Group 411 6.6 58.00 N/A NR N/A
489 (+1) Nationwide Mutual Insurance Co. 85 36.3 432.00 N/A N/A N/A
489 (+1) New York Life Insurance Company 80 38.7 1,602.00 N/A N/A N/A
489 (+1) Peter Kiewit Sons', Inc. 286 10.4 350.00 N/A N/A N/A
489 (+1) State Farm Insurance Cos. 41 71.2 4,191.00 N/A N/A N/A
489 (+1) Thrivent Financial for Lutherans 333 8.5 753.00 N/A N/A N/A
489 (+1) TIAA-CREF 92 34.2 967.00 N/A N/A N/A
489 (+1) United Services Automobile Association 122 24 3,410.00 N/A N/A N/A
489 (N/A) Western & Southern Financial Group 481 5.4 790.00 N/A NR N/A

For some Ferraro 500 companies, the reserve amount reflected on the list includes interest and penalties. For example, AT&T’s $5.438 billion reserve includes interest and penalties of $973 million. Similarly, GE’s $6.529 billion reserve amount includes $807 million of interest and $103 million of penalties.

Other Ferraro 500 companies do not include interest and penalties in the unrecognized tax benefits figure; rather, these companies report interest and penalties as selling, general, and administrative expenses, as interest expense, or as part of another item on their financial statements. For these companies, the actual reserve amount exceeds the reserves listed above. For example, Procter & Gamble reported unrecognized tax benefits of $1.437 billion, which does not include interest and penalties of $411 million and $32 million, respectively. Thus, Procter & Gamble’s reserve amount is actually $1.88 billion, $443 million higher than the $1.437 billion figure reflected on the Ferraro 500. Similarly, Chevron did not include $233 million of interest and penalties in its reported $3.552 billion of unrecognized tax benefits. Thus, Chevron’s reserve actually totals $3.785 billion, $233 million higher than the reserve amount above.

N/A is utilized where the UTB reserve could not be determined. Certain insurance companies and certain publicly traded partnerships do not report reserve amounts, and as such, the reserve amounts for these companies are not available.

NR is utilized where the company was not on the Ferraro 500 in 2014.

*Securities terminated in March of 2015 due to acquisition transaction wherein PetSmart was merged into Argos Merger Sub Inc. with PetSmart, Inc. as the surviving entity.

All information is believed to be accurate as of June 15, 2015, but The Ferraro Law Firm cannot vouch for the validity of any information contained in any financial statement.