on june 18 , 2020 ( the divestiture date ) , we completed the divestiture of our european logistics business , movianto ( the divestiture ) , as well as certain support functions in our dublin , ireland office , to walden group sas ( the buyer ) and ehdh ( as buyer 's guarantor ) for cash consideration of $ 133 million . the divestiture provides us with a greater ability to focus on and invest in our differentiated products , services and u.s. distribution businesses . the net proceeds were used to repurchase our 2021 notes ( see note 10 , “ debt ” ) . we recorded a loss of $ 65.5 million in connection with the divestiture for the year ended december 31 , 2020 . 19 as a result of the divestiture , the results of operations from our movianto business are reported as “ loss from discontinued operations , net of tax ” through the divestiture date and the related assets and liabilities were classified as “ held- for-sale ” in the consolidated balance sheet as of december 31 , 2019. see note 3 , “ discontinued operations , ” of the notes to consolidated financial statements for further information . unless otherwise indicated , the following information relates to continuing operations . income from continuing operations per diluted share was $ 1.39 for the year ended december 31 , 2020 , an increase of $ 1.76 compared to 2019. global solutions segment operating income was $ 30.9 million for the year ended december 31 , 2020 , compared to $ 83.6 million for 2019. the decline was due to lower distribution revenues as a result of customer non-renewals that occurred in 2019 and a reduction in elective surgical procedures primarily due to the impact of covid-19 . global products segment operating income was $ 260 million for the year ended december 31 , 2020 , compared to $ 65.1 million for 2019. the increase was a result of higher revenues from greater market demand for personal protective equipment and favorable product mix combined with continued operating efficiencies compared to 2019. covid-19 update we are closely monitoring the impact of covid-19 on all aspects of our business , including how it impacts our customers , teammates , suppliers , vendors and distribution channels . we have taken actions to protect our teammates while maintaining business continuity as we respond to the needs from this global pandemic . we will continue to actively monitor the situation and may take further actions that alter our business operations as may be required by federal , state or local authorities or that we determine are in the best interests of our teammates , customers , suppliers and shareholders . revenue in 2020 of $ 8.5 billion includes a significant overall impact from covid-19 related to the reduction of surgical procedures beginning in mid-march , which was partially offset by a greater demand for ppe . operating income also benefited from improved productivity and increased manufacturing output related to ppe , favorable product mix and operating efficiencies . we have expanded our ppe production operations to 24 hours a day , 7 days a week , and have taken measures to increase and improve our production such as retooling existing equipment , installing and optimizing new production lines and ramping up our new non-woven fabric machinery . we have delivered over 12 billion units of ppe to healthcare workers in the fight against covid-19 , of which approximately 5 billion units were produced with materials manufactured in our american factories or owens & minor owned facilities , since january 2020. we expect that we will continue servicing our customers ' needs related to the heightened demand for our ppe as a result of various factors , including the implementation of new regulations and healthcare protocols calling for increased use of ppe , healthcare professional preference for medical grade ppe , stockpile ppe demand and the creation of new channels for ppe demand in healthcare , non-healthcare and international markets . we are evaluating various government-sponsored covid-response stimulus , relief , and production initiatives such as under the dpa and recent cares act . in march 2020 , under the dpa , we were awarded a contract with the u.s. department of health and human services ( hhs ) to produce n-95 respirator masks in an effort to replenish the strategic national stockpile . in april 2020 , also under the dpa , the u.s. department of defense initiated a technology investment agreement with us involving up to $ 30.0 million of anticipated funding of assets to expand capacity to supply n-95 respirator masks . through december 31 , 2020 , approximately $ 27.0 million had been expended and $ 20.8 million had been reimbursed in accordance with this arrangement . in addition , as allowed under the cares act , we filed for $ 13.7 million and $ 17.6 million income tax refunds with the internal revenue service ( irs ) related to the carryback of net operating losses ( nol ) incurred in 2018 and 2019. as of december 31 , 2020 , we have received substantially all of the refunds . in connection with these nol carryback items , we recorded a $ 12.5 million income tax benefit for the year ended december 31 , 2020. we are unable to predict the timing of the pandemic and the full impact that covid-19 will have on our future financial position and operating results due to numerous variables and continued uncertainties . story_separator_special_tag in 2018 , the fourth quarter dividend was accrued at december 31 , 2018 and paid in january 2019. we paid cash dividends on our outstanding common stock at the rate of $ 0.0025 per common share for each of the four quarters of 2020 and 2019. in february 2021 , the board of directors approved the first quarter dividend of $ 0.0025 per common share . the payment of future dividends remains within the discretion of the board of directors and will depend upon our results of operations , financial condition , capital requirements , current and future limitations under our credit agreement ( as amended ) and other factors . we believe available financing sources , including cash generated by operating activities and borrowings under the credit agreement and receivables securitization program , will be sufficient to fund our working capital needs , capital expenditures , long-term strategic growth , payments under long-term debt and lease arrangements , payments of quarterly cash dividends , debt repurchases and other cash requirements . while we believe that we will have the ability to meet our financing needs in the foreseeable future , changes in economic conditions may impact ( i ) the ability of financial institutions to meet their contractual commitments to us , ( ii ) the ability of our customers and suppliers to meet their obligations to us or ( iii ) our cost of borrowing . we earn a portion of our operating income in foreign jurisdictions outside the united states . our cash and cash equivalents held by our foreign subsidiaries totaled $ 72.0 million and $ 52.9 million at december 31 , 2020 and 2019. we continue to remain permanently reinvested in our foreign subsidiaries , with the exception of a subsidiary in thailand . we have no specific plans to indefinitely reinvest the unremitted earnings of our foreign subsidiary located in thailand as of december 31 , 2020. as such , we have recorded withholding tax liabilities that would be incurred upon future distribution to the u.s. there are no unrecognized deferred taxes as there is no outside basis difference unrelated to unremitted earnings for thailand . we will continue to evaluate our foreign earnings repatriation policy in 2021 for all our foreign subsidiaries . guarantor and collateral group summarized financial information we are providing the following information in compliance with rule 13-01 , “ financial disclosures about guarantors and issuers of guaranteed securities ” and rule 13-02 of regulation s-x , of with respect to our 2024 notes . see note 10 of the accompanying consolidated financial statements for additional information regarding the terms of the 2024 notes . the following tables present summarized financial information for owens & minor , inc. and the guarantors of owens & minor , inc. 's 2024 notes ( together , `` the guarantor group `` ) , on a combined basis with intercompany balances and transactions between entities in the guarantor group eliminated . the guarantor subsidiaries are 100 % owned by owens & minor , inc. separate financial statements of the guarantor subsidiaries are not presented because the guarantees by our guarantor subsidiaries are full and unconditional , as well as joint and several . summarized financial information of the guarantor group is as follows : 26 summarized consolidated statement of operations - guarantor group for the year ended december 31 , 2020 ( dollars in thousands ) net revenue ( 1 ) $ 8,319,301 gross margin 1,202,019 operating income 166,761 income from continuing operations , net of tax 60,783 net income 60,783 ( 1 ) includes $ 190 million in sales to non-guarantor subsidiaries for the year ended december 31 , 2020. summarized consolidated balance sheet - guarantor group december 31 , 2020 ( dollars in thousands ) total current assets $ 1,559,248 intercompany receivable 399,484 total assets 2,943,125 current liabilities 1,374,800 intercompany payable 89,040 total liabilities 2,465,894 the following tables present summarized financial information for owens & minor , inc. and the subsidiaries of owens & minor , inc. 's 2024 notes pledged that constitute a substantial portion of collateral ( together , `` the collateral group `` ) , on a combined basis with intercompany balances and transactions between entities in the collateral group eliminated . the pledged subsidiaries are 100 % owned by owens & minor , inc. no trading market for the subsidiaries included in the collateral group exists . summarized financial information of the collateral group is as follows : summarized consolidated balance sheet - collateral group december 31 , 2020 ( dollars in thousands ) total current assets $ 1,651,460 intercompany receivable 158,651 total assets 2,851,226 current liabilities 1,356,024 intercompany payable 486,491 total liabilities 2,480,953 the results of operations of the collateral group are not materially different from the corresponding amounts presented in our consolidated statements of operations . off-balance sheet arrangements we do not have guarantees or other off-balance sheet financing arrangements , including variable interest entities , which we believe could have a material impact on financial condition or liquidity . critical accounting policies our consolidated financial statements and accompanying notes have been prepared in accordance with u.s. generally accepted accounting principles . the preparation of the financial statements requires us to make estimates and assumptions that affect the reported amounts and related disclosures . we continually evaluate the accounting policies and estimates used to prepare the financial statements . 27 critical accounting policies are defined as those policies that relate to estimates that require us to make assumptions about matters that are highly uncertain at the time the estimate is made and could have a material impact on our results due to changes in the estimate or the use of different assumptions that could reasonably have been used . our estimates are generally based on historical experience and various other assumptions that are judged to be reasonable in light of the relevant facts and circumstances . because of the uncertainty inherent in such estimates ,

capital resources . our sources of liquidity include cash and cash equivalents , a revolving credit facility under our credit agreement with bank of america , n.a , jpmorgan chase bank , n.a. , wells fargo bank , n.a. , and a syndicate of lenders ( the credit agreement ) , and the receivables securitization program . the credit agreement provides a revolving borrowing capacity of $ 400 million . the interest rate on our revolving credit facility and term a loans is based on 1 ) either the eurocurrency rate or the base rate plus 2 ) an applicable percentage which varies depending on consolidated total leverage ratio ( each as defined in the credit agreement ) . our interest rate on the revolving credit facility at december 31 , 2020 was eurocurrency rate plus 2.75 % . our term b loan accrues interest based on 1 ) either the eurocurrency rate or the base rate plus 2 ) an applicable percentage of 3.50 % per annum for base rate loans and 4.50 % per annum for eurocurrency rate loans ( each as defined in the credit agreement ) . our interest rate on the term b loan at december 31 , 2020 was eurocurrency rate plus 4.50 % . we are charged a commitment fee of between 12.5 and 25.0 basis points on the unused portion of the revolving credit facility . at december 31 , 2020 and 2019 , we had borrowings of $ 103 million and $ 178 million , and letters of credit of $ 13.9 million and $ 11.7 million , outstanding under the revolving credit facility . at december 31 , 2020 and 2019 , we had $ 283 million and $ 209 million , available for borrowing . the december 31 , 2019 availability reflected letters of credit associated with discontinued operations of $ 1.1 million . we also had letters of credit and bank guarantees outstanding for $ 1.6 million and $ 1.5 million as of december 31 , 2020 and 2019 , which supports certain leased facilities as well as other normal business activities in the united states and europe .


 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.
     ```capital resources . our sources of liquidity include cash and cash equivalents , a revolving credit facility under our credit agreement with bank of america , n.a , jpmorgan chase bank , n.a. , wells fargo bank , n.a. , and a syndicate of lenders ( the credit agreement ) , and the receivables securitization program . the credit agreement provides a revolving borrowing capacity of $ 400 million . the interest rate on our revolving credit facility and term a loans is based on 1 ) either the eurocurrency rate or the base rate plus 2 ) an applicable percentage which varies depending on consolidated total leverage ratio ( each as defined in the credit agreement ) . our interest rate on the revolving credit facility at december 31 , 2020 was eurocurrency rate plus 2.75 % . our term b loan accrues interest based on 1 ) either the eurocurrency rate or the base rate plus 2 ) an applicable percentage of 3.50 % per annum for base rate loans and 4.50 % per annum for eurocurrency rate loans ( each as defined in the credit agreement ) . our interest rate on the term b loan at december 31 , 2020 was eurocurrency rate plus 4.50 % . we are charged a commitment fee of between 12.5 and 25.0 basis points on the unused portion of the revolving credit facility . at december 31 , 2020 and 2019 , we had borrowings of $ 103 million and $ 178 million , and letters of credit of $ 13.9 million and $ 11.7 million , outstanding under the revolving credit facility . at december 31 , 2020 and 2019 , we had $ 283 million and $ 209 million , available for borrowing . the december 31 , 2019 availability reflected letters of credit associated with discontinued operations of $ 1.1 million . we also had letters of credit and bank guarantees outstanding for $ 1.6 million and $ 1.5 million as of december 31 , 2020 and 2019 , which supports certain leased facilities as well as other normal business activities in the united states and europe .
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 Suspicious Activity Report : on june 18 , 2020 ( the divestiture date ) , we completed the divestiture of our european logistics business , movianto ( the divestiture ) , as well as certain support functions in our dublin , ireland office , to walden group sas ( the buyer ) and ehdh ( as buyer 's guarantor ) for cash consideration of $ 133 million . the divestiture provides us with a greater ability to focus on and invest in our differentiated products , services and u.s. distribution businesses . the net proceeds were used to repurchase our 2021 notes ( see note 10 , “ debt ” ) . we recorded a loss of $ 65.5 million in connection with the divestiture for the year ended december 31 , 2020 . 19 as a result of the divestiture , the results of operations from our movianto business are reported as “ loss from discontinued operations , net of tax ” through the divestiture date and the related assets and liabilities were classified as “ held- for-sale ” in the consolidated balance sheet as of december 31 , 2019. see note 3 , “ discontinued operations , ” of the notes to consolidated financial statements for further information . unless otherwise indicated , the following information relates to continuing operations . income from continuing operations per diluted share was $ 1.39 for the year ended december 31 , 2020 , an increase of $ 1.76 compared to 2019. global solutions segment operating income was $ 30.9 million for the year ended december 31 , 2020 , compared to $ 83.6 million for 2019. the decline was due to lower distribution revenues as a result of customer non-renewals that occurred in 2019 and a reduction in elective surgical procedures primarily due to the impact of covid-19 . global products segment operating income was $ 260 million for the year ended december 31 , 2020 , compared to $ 65.1 million for 2019. the increase was a result of higher revenues from greater market demand for personal protective equipment and favorable product mix combined with continued operating efficiencies compared to 2019. covid-19 update we are closely monitoring the impact of covid-19 on all aspects of our business , including how it impacts our customers , teammates , suppliers , vendors and distribution channels . we have taken actions to protect our teammates while maintaining business continuity as we respond to the needs from this global pandemic . we will continue to actively monitor the situation and may take further actions that alter our business operations as may be required by federal , state or local authorities or that we determine are in the best interests of our teammates , customers , suppliers and shareholders . revenue in 2020 of $ 8.5 billion includes a significant overall impact from covid-19 related to the reduction of surgical procedures beginning in mid-march , which was partially offset by a greater demand for ppe . operating income also benefited from improved productivity and increased manufacturing output related to ppe , favorable product mix and operating efficiencies . we have expanded our ppe production operations to 24 hours a day , 7 days a week , and have taken measures to increase and improve our production such as retooling existing equipment , installing and optimizing new production lines and ramping up our new non-woven fabric machinery . we have delivered over 12 billion units of ppe to healthcare workers in the fight against covid-19 , of which approximately 5 billion units were produced with materials manufactured in our american factories or owens & minor owned facilities , since january 2020. we expect that we will continue servicing our customers ' needs related to the heightened demand for our ppe as a result of various factors , including the implementation of new regulations and healthcare protocols calling for increased use of ppe , healthcare professional preference for medical grade ppe , stockpile ppe demand and the creation of new channels for ppe demand in healthcare , non-healthcare and international markets . we are evaluating various government-sponsored covid-response stimulus , relief , and production initiatives such as under the dpa and recent cares act . in march 2020 , under the dpa , we were awarded a contract with the u.s. department of health and human services ( hhs ) to produce n-95 respirator masks in an effort to replenish the strategic national stockpile . in april 2020 , also under the dpa , the u.s. department of defense initiated a technology investment agreement with us involving up to $ 30.0 million of anticipated funding of assets to expand capacity to supply n-95 respirator masks . through december 31 , 2020 , approximately $ 27.0 million had been expended and $ 20.8 million had been reimbursed in accordance with this arrangement . in addition , as allowed under the cares act , we filed for $ 13.7 million and $ 17.6 million income tax refunds with the internal revenue service ( irs ) related to the carryback of net operating losses ( nol ) incurred in 2018 and 2019. as of december 31 , 2020 , we have received substantially all of the refunds . in connection with these nol carryback items , we recorded a $ 12.5 million income tax benefit for the year ended december 31 , 2020. we are unable to predict the timing of the pandemic and the full impact that covid-19 will have on our future financial position and operating results due to numerous variables and continued uncertainties . story_separator_special_tag in 2018 , the fourth quarter dividend was accrued at december 31 , 2018 and paid in january 2019. we paid cash dividends on our outstanding common stock at the rate of $ 0.0025 per common share for each of the four quarters of 2020 and 2019. in february 2021 , the board of directors approved the first quarter dividend of $ 0.0025 per common share . the payment of future dividends remains within the discretion of the board of directors and will depend upon our results of operations , financial condition , capital requirements , current and future limitations under our credit agreement ( as amended ) and other factors . we believe available financing sources , including cash generated by operating activities and borrowings under the credit agreement and receivables securitization program , will be sufficient to fund our working capital needs , capital expenditures , long-term strategic growth , payments under long-term debt and lease arrangements , payments of quarterly cash dividends , debt repurchases and other cash requirements . while we believe that we will have the ability to meet our financing needs in the foreseeable future , changes in economic conditions may impact ( i ) the ability of financial institutions to meet their contractual commitments to us , ( ii ) the ability of our customers and suppliers to meet their obligations to us or ( iii ) our cost of borrowing . we earn a portion of our operating income in foreign jurisdictions outside the united states . our cash and cash equivalents held by our foreign subsidiaries totaled $ 72.0 million and $ 52.9 million at december 31 , 2020 and 2019. we continue to remain permanently reinvested in our foreign subsidiaries , with the exception of a subsidiary in thailand . we have no specific plans to indefinitely reinvest the unremitted earnings of our foreign subsidiary located in thailand as of december 31 , 2020. as such , we have recorded withholding tax liabilities that would be incurred upon future distribution to the u.s. there are no unrecognized deferred taxes as there is no outside basis difference unrelated to unremitted earnings for thailand . we will continue to evaluate our foreign earnings repatriation policy in 2021 for all our foreign subsidiaries . guarantor and collateral group summarized financial information we are providing the following information in compliance with rule 13-01 , “ financial disclosures about guarantors and issuers of guaranteed securities ” and rule 13-02 of regulation s-x , of with respect to our 2024 notes . see note 10 of the accompanying consolidated financial statements for additional information regarding the terms of the 2024 notes . the following tables present summarized financial information for owens & minor , inc. and the guarantors of owens & minor , inc. 's 2024 notes ( together , `` the guarantor group `` ) , on a combined basis with intercompany balances and transactions between entities in the guarantor group eliminated . the guarantor subsidiaries are 100 % owned by owens & minor , inc. separate financial statements of the guarantor subsidiaries are not presented because the guarantees by our guarantor subsidiaries are full and unconditional , as well as joint and several . summarized financial information of the guarantor group is as follows : 26 summarized consolidated statement of operations - guarantor group for the year ended december 31 , 2020 ( dollars in thousands ) net revenue ( 1 ) $ 8,319,301 gross margin 1,202,019 operating income 166,761 income from continuing operations , net of tax 60,783 net income 60,783 ( 1 ) includes $ 190 million in sales to non-guarantor subsidiaries for the year ended december 31 , 2020. summarized consolidated balance sheet - guarantor group december 31 , 2020 ( dollars in thousands ) total current assets $ 1,559,248 intercompany receivable 399,484 total assets 2,943,125 current liabilities 1,374,800 intercompany payable 89,040 total liabilities 2,465,894 the following tables present summarized financial information for owens & minor , inc. and the subsidiaries of owens & minor , inc. 's 2024 notes pledged that constitute a substantial portion of collateral ( together , `` the collateral group `` ) , on a combined basis with intercompany balances and transactions between entities in the collateral group eliminated . the pledged subsidiaries are 100 % owned by owens & minor , inc. no trading market for the subsidiaries included in the collateral group exists . summarized financial information of the collateral group is as follows : summarized consolidated balance sheet - collateral group december 31 , 2020 ( dollars in thousands ) total current assets $ 1,651,460 intercompany receivable 158,651 total assets 2,851,226 current liabilities 1,356,024 intercompany payable 486,491 total liabilities 2,480,953 the results of operations of the collateral group are not materially different from the corresponding amounts presented in our consolidated statements of operations . off-balance sheet arrangements we do not have guarantees or other off-balance sheet financing arrangements , including variable interest entities , which we believe could have a material impact on financial condition or liquidity . critical accounting policies our consolidated financial statements and accompanying notes have been prepared in accordance with u.s. generally accepted accounting principles . the preparation of the financial statements requires us to make estimates and assumptions that affect the reported amounts and related disclosures . we continually evaluate the accounting policies and estimates used to prepare the financial statements . 27 critical accounting policies are defined as those policies that relate to estimates that require us to make assumptions about matters that are highly uncertain at the time the estimate is made and could have a material impact on our results due to changes in the estimate or the use of different assumptions that could reasonably have been used . our estimates are generally based on historical experience and various other assumptions that are judged to be reasonable in light of the relevant facts and circumstances . because of the uncertainty inherent in such estimates ,

