while aerospace demand is expected to remain muted into fiscal 2022 , some end markets , including automotive and specialties , have returned to pre-covid demand levels due to strong consumer demand . we believe the long-term trends for flat-rolled aluminum products remain strong . economic growth , material substitution , and sustainability considerations , including increased environmental awareness around polyethylene terephthalate ( `` pet `` ) plastics , continue to support long-term increasing global demand for aluminum and rolled products . with the exception of china where can sheet overcapacity and strong competition remains , favorable market conditions and increasing customer preference for sustainable packaging options is driving higher demand for recyclable aluminum beverage cans and bottles . at the end of fiscal 2019 , we began expanding rolling , casting and recycling capability in pindamonhangaba , brazil to support this demand . meanwhile , the long-term demand for aluminum in the automotive industry continues to grow , which drove the investments we made in our automotive sheet finishing capacity in north america , europe , and asia in recent years , and is driving our additional investments in guthrie , kentucky ( u.s. ) , changzhou , china , and zhenjiang , china . this demand has been primarily driven by the benefits that result from using lightweight aluminum in vehicle structures and components , as companies respond to stricter government emissions and fuel economy regulations , while maintaining or improving vehicle safety and performance , resulting in increased competition with high-strength steel . we expect long-term demand for building and construction and other specialty products will grow due to increased customer preference for lightweight , sustainable materials and demand for aluminum plate in asia to grow driven by the development and expansion of industries serving aerospace , semiconductor , rail , and other technically demanding applications . we believe significant aircraft industry order backlogs for key original equipment manufacturers ( `` oems `` ) , including airbus and boeing , will translate into growth in the future , and we believe our multi-year supply agreements have positioned us to benefit from future expected demand . covid-19 response the covid-19 pandemic continues to cause travel and business disruption and economic volatility . government mandates to stay at home or avoid large gatherings of people , as well as infected employees or individuals on-site , have caused some of our customers to temporarily shut down their manufacturing facilities due to lack of demand , government decree , or public health concerns . although many government-mandated restrictions have been gradually lifted , a resurgence in covid-19 cases may lead to the reimposition of previously lifted business restrictions and closure requirements , the imposition of new restrictions , or the issuance of new or revised local or national health guidance . we are encouraged by the resiliency of the beverage can market and the recovery in the automotive and specialty markets . we continue working closely with our customers to adjust production based on their sales forecasts . with our primary focus being the health and well-being of our employees , we are closely monitoring the changing landscape with respect to covid-19 and taking actions to manage our business and support our customers . we have bolstered our own environmental health and safety protocols and aligned them with guidance from global health authorities and government agencies across our operations to help ensure the safety of our employees , customers , suppliers , communities , and other stakeholders . for example , we have implemented social distancing standards and control measures for common work areas , including desks , workstations , meeting rooms , break rooms , cafeterias , and clock-in areas . we have controlled distancing during shift changes by staggering shift change times and creating one-way flows marked on floors . in addition , we have distributed personal protective equipment ( `` ppe `` ) such as facemasks , face shields , and gloves , as well as cleaning stations , personal hygiene products , and disinfection products to our sites . for our non-production workforce , we have strongly encouraged virtual meetings to reduce employee contact and have switched to paperless work environments where possible . the recent approval of covid-19 vaccines is another positive resource available to help further ensure the health of our employees , facilities , and communities . liquidity position we believe that we have substantial liquidity to navigate the current dynamic environment . our cash and cash equivalents and long-term committed available borrowings aggregated to $ 2.2 billion of liquidity at march 31 , 2021 . 28 due to some uncertainty on how the covid-19 pandemic may evolve , early in fiscal 2021 we took a prudent approach to capital and prioritized spending on maintenance activities and organic strategic capacity expansions projects . with more confidence in end market conditions , we increased our capital expenditures expectation for fiscal 2022 to approximately $ 600 - $ 700 million . this includes approximately $ 300 million for maintenance spend , as well as strategic spending to complete automotive capacity expansions now commissioning in the u.s. and china , the brazil rolling and casting capacity expansion , and initial spend associated with a strategic capacity expansion in china . market trends while there has been limited short-term impact resulting from the covid-19 pandemic in some end markets , long-term demand trends for flat-rolled aluminum products remain broadly intact . beverage can represents the largest share of our shipment product portfolio , and has historically been a relatively recession resistant product . our beverage can sheet shipments increased versus the prior year , as demand for aluminum cans as a package type was very strong , particularly across the americas . the automotive industry was severely impacted by the slowdown resulting from covid-19 in the first quarter of fiscal 2021 , as major u.s. and european automotive oems temporarily shut down production . story_separator_special_tag the `` eliminations and other `` column also reflects adjustments for changes in regional volume , conversion premium and product mix , and conversion costs related to intersegment shipments for consolidation . `` eliminations and other `` must adjust for proportional consolidation of each line item for our logan affiliate because we consolidate 100 % of the logan joint venture for u.s. gaap , but we manage our logan affiliate on a proportionately consolidated basis . ( 2 ) `` selling , general & administrative and research & development costs `` include costs incurred directly by each segment and all corporate related costs . north america net sales increased $ 440 million , or 11 % , driven by sales associated with the acquired aleris business and higher can volumes from strong demand for beverage can sheet , partially offset by lower automotive volumes impacted by the covid-19 pandemic . segment income was $ 663 million , an increase of 12 % , primarily due to higher total volume , favorable metal mix and spreads , and operating and selling , general and administrative cost reduction initiatives , partially offset by unfavorable product mix and higher fixed and selling , general and administrative costs associated with the acquired business . europe net sales increased $ 457 million , or 15 % , driven by sales associated with the acquired aleris business and higher can volumes from strong demand , partially offset by lower automotive and specialty volumes impacted by the covid-19 pandemic early in the fiscal year . segment income was $ 285 million , an increase of 16 % , primarily driven by higher total volume , favorable metal mix , and operating and selling , general and administrative cost reduction initiatives , partially offset by unfavorable product mix and higher fixed and selling , general and administrative costs associated with acquired business . 34 asia net sales increased $ 213 million , or 11 % , driven by higher automotive volumes from a strong recovery in the chinese automotive market post-covid-19 pandemic and sales associated with the acquired aleris businesses , partially offset by lower can and specialty volumes . segment income was $ 305 million , an increase of 45 % , primarily due to higher volume , favorable product mix , operating and selling , general and administrative cost reduction initiatives , favorable metal mix and spreads , and favorable foreign exchange , partially offset by higher fixed and selling , general and administrative costs associated with the acquired business and higher freight cost . south america net sales decreased $ 106 million , or 6 % , driven primarily by lower can pricing and lower specialty volume due to capacity constraints , partially offset by higher can volume . segment income was $ 449 million , an increase of 7 % , primarily due to favorable metal mix and spreads , product mix , foreign exchange , and operating and selling , general and administrative cost reduction initiatives , partially offset by lower can pricing . liquidity and capital resources we continue to maintain adequate liquidity levels through a combination of cash and availability under committed credit facilities . our cash and cash equivalents and availability under committed credit facilities aggregated to $ 2.2 billion of liquidity as of march 31 , 2021. our primary liquidity sources are cash flows from operations , working capital management , cash , and liquidity under our debt agreements . our recent business investments are being funded through cash flows generated by our operations and a combination of local financing and our senior secured credit facilities . we expect to be able to fund our continued expansions , service our debt obligations , and provide sufficient liquidity to operate our business through one or more of the following : the generation of operating cash flows , working capital management , our existing debt facilities ( including refinancing ) and new debt issuances , as necessary . story_separator_special_tag style= `` color : # 000000 ; font-family : 'times new roman ' , sans-serif ; font-size:10pt ; font-weight:400 ; line-height:120 % ; padding-left:14.5pt `` > any obligation under certain guarantees or contracts ; a retained or contingent interest in assets transferred to an unconsolidated entity or similar entity or similar arrangement that serves as credit , liquidity or market risk support to that entity for such assets ; and any obligation under a material variable interest held by the registrant in an unconsolidated entity that provides financing , liquidity , market risk or credit risk support to the registrant , or engages in leasing , hedging or research and development services with the registrant . 37 the following discussion addresses the applicable off-balance sheet items for our company . derivative instruments see note 18 – financial instruments and commodity contracts to our accompanying consolidated financial statements for a full description of derivative instruments . guarantees of indebtedness we have issued guarantees on behalf of certain of our subsidiaries . the indebtedness guaranteed is for trade accounts payable to third parties and capital expenditures . some of the guarantees have annual terms while others have no expiration and have termination notice requirements . neither we nor any of our subsidiaries holds any assets of any third parties as collateral to offset the potential settlement of these guarantees . since we consolidate wholly-owned and majority-owned subsidiaries in our consolidated financial statements , all liabilities associated with trade payables and short-term debt facilities for these entities are already included in our consolidated balance sheets . factoring of trade receivables see note 6 – accounts receivable for a summary of disclosures of factored financial amounts . other as part of our ongoing business , we do not participate in transactions that generate relationships with unconsolidated entities or financial partnerships , such as entities often referred to as special purpose entities ( `` spes `` ) , which would have been established for the purpose of

available liquidity our available liquidity as of march 31 , 2021 and 2020 is as follows . replace_table_token_12_th _ ( 1 ) our availability under committed credit facilities does not include the committed financing for aleris . the decrease in total available liquidity is primarily due to the outflow of $ 2.6 billion in cash for the acquisition of aleris , net of cash received , partially offset by positive free cash flow of $ 612 million and proceeds from the sale of discontinued operations of $ 403 million . the decrease in cash and cash equivalents is partially offset by an increase in our availability under committed credit facilities primarily due to payments on our abl revolver . see note 14 – debt for more details on our availability under committed credit facilities . cash and cash equivalents includes cash held in foreign countries in which we operate . as of march 31 , 2021 , we held $ 3 million of cash and cash equivalents in canada , in which we are incorporated , with the rest held in other countries in which we operate . as of march 31 , 2021 , we held $ 678 million of cash in jurisdictions for which we have asserted that earnings are permanently reinvested and we plan to continue to fund operations and local expansions with cash held in those jurisdictions . cash held outside of canada is free from significant restrictions that would prevent the cash from being accessed to meet the company 's liquidity needs including , if necessary , to fund operations and service debt obligations in canada . upon the repatriation of any earnings to canada , in the form of dividends or otherwise , we could be subject to canadian income taxes ( subject to adjustment for foreign taxes paid and the utilization of the large cumulative net operating losses we have in canada ) and withholding taxes payable to the various foreign jurisdictions . as of march 31 , 2021 , we do not believe adverse tax consequences exist that restrict our use of cash and cash equivalents in a material manner . we use derivative contracts to manage risk as well as liquidity .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```available liquidity our available liquidity as of march 31 , 2021 and 2020 is as follows . replace_table_token_12_th _ ( 1 ) our availability under committed credit facilities does not include the committed financing for aleris . the decrease in total available liquidity is primarily due to the outflow of $ 2.6 billion in cash for the acquisition of aleris , net of cash received , partially offset by positive free cash flow of $ 612 million and proceeds from the sale of discontinued operations of $ 403 million . the decrease in cash and cash equivalents is partially offset by an increase in our availability under committed credit facilities primarily due to payments on our abl revolver . see note 14 – debt for more details on our availability under committed credit facilities . cash and cash equivalents includes cash held in foreign countries in which we operate . as of march 31 , 2021 , we held $ 3 million of cash and cash equivalents in canada , in which we are incorporated , with the rest held in other countries in which we operate . as of march 31 , 2021 , we held $ 678 million of cash in jurisdictions for which we have asserted that earnings are permanently reinvested and we plan to continue to fund operations and local expansions with cash held in those jurisdictions . cash held outside of canada is free from significant restrictions that would prevent the cash from being accessed to meet the company 's liquidity needs including , if necessary , to fund operations and service debt obligations in canada . upon the repatriation of any earnings to canada , in the form of dividends or otherwise , we could be subject to canadian income taxes ( subject to adjustment for foreign taxes paid and the utilization of the large cumulative net operating losses we have in canada ) and withholding taxes payable to the various foreign jurisdictions . as of march 31 , 2021 , we do not believe adverse tax consequences exist that restrict our use of cash and cash equivalents in a material manner . we use derivative contracts to manage risk as well as liquidity .
```    
 Suspicious Activity Report : while aerospace demand is expected to remain muted into fiscal 2022 , some end markets , including automotive and specialties , have returned to pre-covid demand levels due to strong consumer demand . we believe the long-term trends for flat-rolled aluminum products remain strong . economic growth , material substitution , and sustainability considerations , including increased environmental awareness around polyethylene terephthalate ( `` pet `` ) plastics , continue to support long-term increasing global demand for aluminum and rolled products . with the exception of china where can sheet overcapacity and strong competition remains , favorable market conditions and increasing customer preference for sustainable packaging options is driving higher demand for recyclable aluminum beverage cans and bottles . at the end of fiscal 2019 , we began expanding rolling , casting and recycling capability in pindamonhangaba , brazil to support this demand . meanwhile , the long-term demand for aluminum in the automotive industry continues to grow , which drove the investments we made in our automotive sheet finishing capacity in north america , europe , and asia in recent years , and is driving our additional investments in guthrie , kentucky ( u.s. ) , changzhou , china , and zhenjiang , china . this demand has been primarily driven by the benefits that result from using lightweight aluminum in vehicle structures and components , as companies respond to stricter government emissions and fuel economy regulations , while maintaining or improving vehicle safety and performance , resulting in increased competition with high-strength steel . we expect long-term demand for building and construction and other specialty products will grow due to increased customer preference for lightweight , sustainable materials and demand for aluminum plate in asia to grow driven by the development and expansion of industries serving aerospace , semiconductor , rail , and other technically demanding applications . we believe significant aircraft industry order backlogs for key original equipment manufacturers ( `` oems `` ) , including airbus and boeing , will translate into growth in the future , and we believe our multi-year supply agreements have positioned us to benefit from future expected demand . covid-19 response the covid-19 pandemic continues to cause travel and business disruption and economic volatility . government mandates to stay at home or avoid large gatherings of people , as well as infected employees or individuals on-site , have caused some of our customers to temporarily shut down their manufacturing facilities due to lack of demand , government decree , or public health concerns . although many government-mandated restrictions have been gradually lifted , a resurgence in covid-19 cases may lead to the reimposition of previously lifted business restrictions and closure requirements , the imposition of new restrictions , or the issuance of new or revised local or national health guidance . we are encouraged by the resiliency of the beverage can market and the recovery in the automotive and specialty markets . we continue working closely with our customers to adjust production based on their sales forecasts . with our primary focus being the health and well-being of our employees , we are closely monitoring the changing landscape with respect to covid-19 and taking actions to manage our business and support our customers . we have bolstered our own environmental health and safety protocols and aligned them with guidance from global health authorities and government agencies across our operations to help ensure the safety of our employees , customers , suppliers , communities , and other stakeholders . for example , we have implemented social distancing standards and control measures for common work areas , including desks , workstations , meeting rooms , break rooms , cafeterias , and clock-in areas . we have controlled distancing during shift changes by staggering shift change times and creating one-way flows marked on floors . in addition , we have distributed personal protective equipment ( `` ppe `` ) such as facemasks , face shields , and gloves , as well as cleaning stations , personal hygiene products , and disinfection products to our sites . for our non-production workforce , we have strongly encouraged virtual meetings to reduce employee contact and have switched to paperless work environments where possible . the recent approval of covid-19 vaccines is another positive resource available to help further ensure the health of our employees , facilities , and communities . liquidity position we believe that we have substantial liquidity to navigate the current dynamic environment . our cash and cash equivalents and long-term committed available borrowings aggregated to $ 2.2 billion of liquidity at march 31 , 2021 . 28 due to some uncertainty on how the covid-19 pandemic may evolve , early in fiscal 2021 we took a prudent approach to capital and prioritized spending on maintenance activities and organic strategic capacity expansions projects . with more confidence in end market conditions , we increased our capital expenditures expectation for fiscal 2022 to approximately $ 600 - $ 700 million . this includes approximately $ 300 million for maintenance spend , as well as strategic spending to complete automotive capacity expansions now commissioning in the u.s. and china , the brazil rolling and casting capacity expansion , and initial spend associated with a strategic capacity expansion in china . market trends while there has been limited short-term impact resulting from the covid-19 pandemic in some end markets , long-term demand trends for flat-rolled aluminum products remain broadly intact . beverage can represents the largest share of our shipment product portfolio , and has historically been a relatively recession resistant product . our beverage can sheet shipments increased versus the prior year , as demand for aluminum cans as a package type was very strong , particularly across the americas . the automotive industry was severely impacted by the slowdown resulting from covid-19 in the first quarter of fiscal 2021 , as major u.s. and european automotive oems temporarily shut down production . story_separator_special_tag the `` eliminations and other `` column also reflects adjustments for changes in regional volume , conversion premium and product mix , and conversion costs related to intersegment shipments for consolidation . `` eliminations and other `` must adjust for proportional consolidation of each line item for our logan affiliate because we consolidate 100 % of the logan joint venture for u.s. gaap , but we manage our logan affiliate on a proportionately consolidated basis . ( 2 ) `` selling , general & administrative and research & development costs `` include costs incurred directly by each segment and all corporate related costs . north america net sales increased $ 440 million , or 11 % , driven by sales associated with the acquired aleris business and higher can volumes from strong demand for beverage can sheet , partially offset by lower automotive volumes impacted by the covid-19 pandemic . segment income was $ 663 million , an increase of 12 % , primarily due to higher total volume , favorable metal mix and spreads , and operating and selling , general and administrative cost reduction initiatives , partially offset by unfavorable product mix and higher fixed and selling , general and administrative costs associated with the acquired business . europe net sales increased $ 457 million , or 15 % , driven by sales associated with the acquired aleris business and higher can volumes from strong demand , partially offset by lower automotive and specialty volumes impacted by the covid-19 pandemic early in the fiscal year . segment income was $ 285 million , an increase of 16 % , primarily driven by higher total volume , favorable metal mix , and operating and selling , general and administrative cost reduction initiatives , partially offset by unfavorable product mix and higher fixed and selling , general and administrative costs associated with acquired business . 34 asia net sales increased $ 213 million , or 11 % , driven by higher automotive volumes from a strong recovery in the chinese automotive market post-covid-19 pandemic and sales associated with the acquired aleris businesses , partially offset by lower can and specialty volumes . segment income was $ 305 million , an increase of 45 % , primarily due to higher volume , favorable product mix , operating and selling , general and administrative cost reduction initiatives , favorable metal mix and spreads , and favorable foreign exchange , partially offset by higher fixed and selling , general and administrative costs associated with the acquired business and higher freight cost . south america net sales decreased $ 106 million , or 6 % , driven primarily by lower can pricing and lower specialty volume due to capacity constraints , partially offset by higher can volume . segment income was $ 449 million , an increase of 7 % , primarily due to favorable metal mix and spreads , product mix , foreign exchange , and operating and selling , general and administrative cost reduction initiatives , partially offset by lower can pricing . liquidity and capital resources we continue to maintain adequate liquidity levels through a combination of cash and availability under committed credit facilities . our cash and cash equivalents and availability under committed credit facilities aggregated to $ 2.2 billion of liquidity as of march 31 , 2021. our primary liquidity sources are cash flows from operations , working capital management , cash , and liquidity under our debt agreements . our recent business investments are being funded through cash flows generated by our operations and a combination of local financing and our senior secured credit facilities . we expect to be able to fund our continued expansions , service our debt obligations , and provide sufficient liquidity to operate our business through one or more of the following : the generation of operating cash flows , working capital management , our existing debt facilities ( including refinancing ) and new debt issuances , as necessary . story_separator_special_tag style= `` color : # 000000 ; font-family : 'times new roman ' , sans-serif ; font-size:10pt ; font-weight:400 ; line-height:120 % ; padding-left:14.5pt `` > any obligation under certain guarantees or contracts ; a retained or contingent interest in assets transferred to an unconsolidated entity or similar entity or similar arrangement that serves as credit , liquidity or market risk support to that entity for such assets ; and any obligation under a material variable interest held by the registrant in an unconsolidated entity that provides financing , liquidity , market risk or credit risk support to the registrant , or engages in leasing , hedging or research and development services with the registrant . 37 the following discussion addresses the applicable off-balance sheet items for our company . derivative instruments see note 18 – financial instruments and commodity contracts to our accompanying consolidated financial statements for a full description of derivative instruments . guarantees of indebtedness we have issued guarantees on behalf of certain of our subsidiaries . the indebtedness guaranteed is for trade accounts payable to third parties and capital expenditures . some of the guarantees have annual terms while others have no expiration and have termination notice requirements . neither we nor any of our subsidiaries holds any assets of any third parties as collateral to offset the potential settlement of these guarantees . since we consolidate wholly-owned and majority-owned subsidiaries in our consolidated financial statements , all liabilities associated with trade payables and short-term debt facilities for these entities are already included in our consolidated balance sheets . factoring of trade receivables see note 6 – accounts receivable for a summary of disclosures of factored financial amounts . other as part of our ongoing business , we do not participate in transactions that generate relationships with unconsolidated entities or financial partnerships , such as entities often referred to as special purpose entities ( `` spes `` ) , which would have been established for the purpose of

