related amounts in 2017 and 2016 were $ 157.6 million and $ 9.2 million , respectively . in may 2018 , we completed our investment of a 50 % ownership interest in a joint venture with mitsubishi electric corporation ( mitsubishi ) . the joint venture , reported within the climate segment , focuses on marketing , selling and supporting variable refrigerant flow ( vrf ) and ductless heating and air conditioning systems through trane , american standard and mitsubishi channels in the u.s. and select latin american countries . 20 in january 2018 , we acquired 100 % of the outstanding stock of ics group holdings limited ( ics cool energy ) . the acquired business , reported within the climate segment , specializes in the temporary rental of energy efficient chillers for commercial and industrial buildings across europe . it also sells , permanently installs and services high performance temperature control systems for all types of industrial processes . during 2017 , we acquired several businesses , including channel acquisitions , that complement existing products and services . acquisitions within the climate segment primarily consisted of independent dealers which support the ongoing strategy to expand our distribution network in north america . other acquisitions within the segment strengthen our product portfolio . acquisitions within the industrial segment primarily consisted of a telematics business which builds upon our growing portfolio of connected assets . in addition , other acquisitions within the segment expand sales and service channels across the globe . on february 6 , 2019 , we entered into a final , binding and irrevocable offer letter with silver ii gp holdings s.c.a . , an affiliate of bc partners advisors l.p. and the carlyle group ( the seller ) pursuant to which we made a binding offer to acquire the precision flow systems management business ( the business ) for approximately $ 1.45 billion in cash , subject to working capital and certain other adjustments ( the acquisition ) . the business is a manufacturer of precision flow control equipment including electric diaphragm pumps and controls that serve the global water , oil and gas , agriculture , industrial and specialty market segments . the offer is subject to completion of information and consultation processes with employee representative bodies of the business in applicable jurisdictions . if the offer is accepted , completion of the acquisition would be subject to customary closing conditions and expected to close mid-year 2019 subject to regulatory approvals . the results of the business will be included in our consolidated financial statements as of the date of acquisition and reported within the industrial segment . share repurchase program and dividends share repurchases are made from time to time in accordance with management 's capital allocation strategy , subject to market conditions and regulatory requirements . in february 2017 , our board of directors authorized the repurchase of up to $ 1.5 billion of our ordinary shares under a share repurchase program ( the 2017 authorization ) upon completion of the prior authorized share repurchase program . repurchases under the 2017 authorization began in may 2017 and ended in december 2018 , completing the program . in october 2018 , our board of directors authorized the repurchase of up to $ 1.5 billion of our ordinary shares upon completion of the 2017 authorization . however , no material amounts were repurchased under this program during 2018. in june 2018 , we announced an increase in our quarterly share dividend from $ 0.45 to $ 0.53 per ordinary share . this reflects an 18 % increase that began with our september 2018 payment and an 83 % increase since the beginning of 2016. issuance and redemption of senior notes in february 2018 , we issued $ 1.15 billion principal amount of senior notes in three tranches through an indirect , wholly-owned subsidiary . the tranches consist of $ 300 million aggregate principal amount of 2.900 % senior notes due 2021 , $ 550 million aggregate principal amount of 3.750 % senior notes due 2028 and $ 300 million aggregate principal amount of 4.300 % senior notes due 2048. in march 2018 , we used the proceeds to fund the redemption of $ 750 million aggregate principal amount of 6.875 % senior notes due 2018 and $ 350 million aggregate principal amount of 2.875 % senior notes due 2019 , with the remainder used for general corporate purposes . tax cuts and job act in december 2017 , the u.s. enacted the tax cuts and jobs act ( the act ) which made widespread changes to the internal revenue code . the act , among other things , reduced the u.s. federal corporate tax rate from 35 % to 21 % , requires companies to pay a transition tax on earnings of certain foreign subsidiaries that were previously not subject to u.s. tax and creates new income taxes on certain foreign sourced earnings . the sec issued staff accounting bulletin no . 118 ( sab 118 ) which provided guidance on accounting for the tax effects of the act and allowed for adjustments to provisional amounts during a measurement period of up to one year . in accordance with sab 118 , we made reasonable estimates related to ( 1 ) the remeasurement of u.s. deferred tax balances for the reduction in the tax rate ( 2 ) the liability for the transition tax and ( 3 ) the taxes accrued relating to the change in permanent reinvestment assertion for unremitted earnings of certain foreign subsidiaries . story_separator_special_tag % . this decrease was partially offset by the transition tax cost , a change in permanent reinvestment assertion on the unremitted earnings of certain foreign subsidiaries and a non-cash charge related to the establishment of a valuation allowance on certain net deferred tax assets in brazil . in the aggregate these items increased the effective tax rate by 13.7 % . in addition , the reduction was also driven by earnings in non-u.s. jurisdictions , which in aggregate , have a lower effective tax rate . revenues from non-u.s. jurisdictions accounts for approximately 35 % of our total revenues , such that a material portion of our pretax income was earned and taxed outside the u.s. at rates ranging from 0 % to 38 % . when comparing the results of multiple reporting periods , among other factors , the mix of earnings between u.s. and foreign jurisdictions can cause variability in our overall effective tax rate . the 2016 effective tax rate was 16.2 % which is lower than the u.s. statutory rate of 35 % primarily due to the tax treatment of the hussmann gain . the gain , which is not subject to tax under the relevant local tax laws , decreased the effective tax rate by 4.8 % . in addition , the reduction was also driven by earnings in non-u.s. jurisdictions , which in aggregate , have a lower effective tax rate . revenues from non-u.s. jurisdictions accounts for approximately 35 % of our total revenues , such that a material portion of our pretax income was earned and taxed outside the u.s. at rates ranging from 0 % to 38 % . when comparing the results of multiple reporting periods , among other factors , the mix of earnings between u.s. and foreign jurisdictions can cause variability in our overall effective tax rate . discontinued operations the components of discontinued operations , net of tax for the years ended december 31 are as follows : replace_table_token_15_th discontinued operations are retained costs from previously sold businesses including postretirement benefits , product liability and legal costs . in addition , we include costs associated with ingersoll-rand company for the settlement and defense of asbestos-related claims , insurance settlements on asbestos-related matters and the revaluation of its liability for potential future claims . for the year ended december 31 , 2016 , ongoing costs were more than offset by asbestos-related settlements with various insurance carriers . a portion of the tax benefit ( expense ) in each period represents adjustments for certain tax matters associated with the 2013 spin-off of our commercial and residential security business , now an independent public company operating under the name of allegion . liquidity and capital resources we assess our liquidity in terms of our ability to generate cash to fund our operating , investing and financing activities . in doing so , we review and analyze our current cash on hand , the number of days our sales are outstanding , inventory turns , capital expenditure commitments and income tax payments . our cash requirements primarily consist of the following : funding of working capital funding of capital expenditures dividend payments debt service requirements our primary sources of liquidity include cash balances on hand , cash flows from operations , proceeds from debt offerings , commercial paper , and borrowing availability under our existing credit facilities . we earn a significant amount of our operating income in jurisdictions where it is deemed to be permanently reinvested . our most prominent jurisdiction of operation is the u.s. we expect existing cash and cash equivalents available to the u.s. operations , the cash generated by our u.s. operations , our committed credit lines as well as our expected ability to access the capital and debt markets will be sufficient to fund our u.s. operating and capital needs for at least the next twelve months and thereafter for the foreseeable future . in addition , we expect existing non-u.s. cash and cash equivalents and the cash generated by our non-u.s. operations will be sufficient to fund our non-u.s. operating and capital needs for at least the next twelve months and thereafter for the foreseeable future . as of december 31 , 2018 , we had $ 903.4 million of cash and cash equivalents on hand , of which $ 689.7 million was held by non-u.s. subsidiaries . cash and cash equivalents held by our non-u.s. subsidiaries are generally available for use in our u.s. operations 28 via intercompany loans , equity infusions or via distributions from direct or indirectly owned non-u.s. subsidiaries for which we do not assert permanent reinvestment . as a result of the tax cuts and jobs act in 2017 , additional repatriation opportunities to access cash and cash equivalents held by non-u.s. subsidiaries have been created . in general , repatriation of cash to the u.s. can be completed with no significant incremental u.s. tax . however , to the extent that we repatriate funds from non-u.s. subsidiaries for which we assert permanent reinvestment to fund our u.s. operations , we would be required to accrue and pay applicable non-u.s. taxes . as of december 31 , 2018 , we currently have no plans to repatriate funds from subsidiaries for which we assert permanent reinvestment . share repurchases are made from time to time in accordance with management 's capital allocation strategy , subject to market conditions and regulatory requirements . in february 2017 , our board of directors authorized the repurchase of up to $ 1.5 billion of our ordinary shares under a share repurchase program ( the 2017 authorization ) upon completion of the prior authorized share repurchase program . repurchases under the 2017 authorization began in may 2017 and ended in december 2018 , completing the program . in october 2018 , our board of directors authorized the repurchase of up to $ 1.5 billion of our ordinary shares upon completion of the 2017 authorization

cash flows the following table reflects the major categories of cash flows for the years ended december 31 , respectively . for additional details , please see the consolidated statements of cash flows in the consolidated financial statements . replace_table_token_17_th operating activities net cash provided by continuing operating activities for the year ended december 31 , 2018 was $ 1,474.5 million , of which net income provided $ 1,662.0 million after adjusting for non-cash transactions . changes in other assets and liabilities used $ 187.5 million . improvements in accounts payable were offset by higher accounts receivable and inventory balances . net cash provided by continuing operating activities for the year ended december 31 , 2017 was $ 1,561.6 million , of which net income provided $ 1,642.1 million after adjusting for non-cash transactions . changes in other assets and liabilities used $ 80.5 million . improvements in accounts payable were offset by higher accounts receivable and inventory balances . net cash provided by continuing operating activities for the year ended december 31 , 2016 was $ 1,433.0 million , of which net income provided $ 1,449.8 million after adjusting for non-cash transactions . changes in other assets and liabilities used $ 16.8 million . improvements in accounts payable were offset by higher accounts receivable balances . investing activities cash flows from investing activities represents inflows and outflows regarding the purchase and sale of assets .


 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.
     ```cash flows the following table reflects the major categories of cash flows for the years ended december 31 , respectively . for additional details , please see the consolidated statements of cash flows in the consolidated financial statements . replace_table_token_17_th operating activities net cash provided by continuing operating activities for the year ended december 31 , 2018 was $ 1,474.5 million , of which net income provided $ 1,662.0 million after adjusting for non-cash transactions . changes in other assets and liabilities used $ 187.5 million . improvements in accounts payable were offset by higher accounts receivable and inventory balances . net cash provided by continuing operating activities for the year ended december 31 , 2017 was $ 1,561.6 million , of which net income provided $ 1,642.1 million after adjusting for non-cash transactions . changes in other assets and liabilities used $ 80.5 million . improvements in accounts payable were offset by higher accounts receivable and inventory balances . net cash provided by continuing operating activities for the year ended december 31 , 2016 was $ 1,433.0 million , of which net income provided $ 1,449.8 million after adjusting for non-cash transactions . changes in other assets and liabilities used $ 16.8 million . improvements in accounts payable were offset by higher accounts receivable balances . investing activities cash flows from investing activities represents inflows and outflows regarding the purchase and sale of assets .
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 Suspicious Activity Report : related amounts in 2017 and 2016 were $ 157.6 million and $ 9.2 million , respectively . in may 2018 , we completed our investment of a 50 % ownership interest in a joint venture with mitsubishi electric corporation ( mitsubishi ) . the joint venture , reported within the climate segment , focuses on marketing , selling and supporting variable refrigerant flow ( vrf ) and ductless heating and air conditioning systems through trane , american standard and mitsubishi channels in the u.s. and select latin american countries . 20 in january 2018 , we acquired 100 % of the outstanding stock of ics group holdings limited ( ics cool energy ) . the acquired business , reported within the climate segment , specializes in the temporary rental of energy efficient chillers for commercial and industrial buildings across europe . it also sells , permanently installs and services high performance temperature control systems for all types of industrial processes . during 2017 , we acquired several businesses , including channel acquisitions , that complement existing products and services . acquisitions within the climate segment primarily consisted of independent dealers which support the ongoing strategy to expand our distribution network in north america . other acquisitions within the segment strengthen our product portfolio . acquisitions within the industrial segment primarily consisted of a telematics business which builds upon our growing portfolio of connected assets . in addition , other acquisitions within the segment expand sales and service channels across the globe . on february 6 , 2019 , we entered into a final , binding and irrevocable offer letter with silver ii gp holdings s.c.a . , an affiliate of bc partners advisors l.p. and the carlyle group ( the seller ) pursuant to which we made a binding offer to acquire the precision flow systems management business ( the business ) for approximately $ 1.45 billion in cash , subject to working capital and certain other adjustments ( the acquisition ) . the business is a manufacturer of precision flow control equipment including electric diaphragm pumps and controls that serve the global water , oil and gas , agriculture , industrial and specialty market segments . the offer is subject to completion of information and consultation processes with employee representative bodies of the business in applicable jurisdictions . if the offer is accepted , completion of the acquisition would be subject to customary closing conditions and expected to close mid-year 2019 subject to regulatory approvals . the results of the business will be included in our consolidated financial statements as of the date of acquisition and reported within the industrial segment . share repurchase program and dividends share repurchases are made from time to time in accordance with management 's capital allocation strategy , subject to market conditions and regulatory requirements . in february 2017 , our board of directors authorized the repurchase of up to $ 1.5 billion of our ordinary shares under a share repurchase program ( the 2017 authorization ) upon completion of the prior authorized share repurchase program . repurchases under the 2017 authorization began in may 2017 and ended in december 2018 , completing the program . in october 2018 , our board of directors authorized the repurchase of up to $ 1.5 billion of our ordinary shares upon completion of the 2017 authorization . however , no material amounts were repurchased under this program during 2018. in june 2018 , we announced an increase in our quarterly share dividend from $ 0.45 to $ 0.53 per ordinary share . this reflects an 18 % increase that began with our september 2018 payment and an 83 % increase since the beginning of 2016. issuance and redemption of senior notes in february 2018 , we issued $ 1.15 billion principal amount of senior notes in three tranches through an indirect , wholly-owned subsidiary . the tranches consist of $ 300 million aggregate principal amount of 2.900 % senior notes due 2021 , $ 550 million aggregate principal amount of 3.750 % senior notes due 2028 and $ 300 million aggregate principal amount of 4.300 % senior notes due 2048. in march 2018 , we used the proceeds to fund the redemption of $ 750 million aggregate principal amount of 6.875 % senior notes due 2018 and $ 350 million aggregate principal amount of 2.875 % senior notes due 2019 , with the remainder used for general corporate purposes . tax cuts and job act in december 2017 , the u.s. enacted the tax cuts and jobs act ( the act ) which made widespread changes to the internal revenue code . the act , among other things , reduced the u.s. federal corporate tax rate from 35 % to 21 % , requires companies to pay a transition tax on earnings of certain foreign subsidiaries that were previously not subject to u.s. tax and creates new income taxes on certain foreign sourced earnings . the sec issued staff accounting bulletin no . 118 ( sab 118 ) which provided guidance on accounting for the tax effects of the act and allowed for adjustments to provisional amounts during a measurement period of up to one year . in accordance with sab 118 , we made reasonable estimates related to ( 1 ) the remeasurement of u.s. deferred tax balances for the reduction in the tax rate ( 2 ) the liability for the transition tax and ( 3 ) the taxes accrued relating to the change in permanent reinvestment assertion for unremitted earnings of certain foreign subsidiaries . story_separator_special_tag % . this decrease was partially offset by the transition tax cost , a change in permanent reinvestment assertion on the unremitted earnings of certain foreign subsidiaries and a non-cash charge related to the establishment of a valuation allowance on certain net deferred tax assets in brazil . in the aggregate these items increased the effective tax rate by 13.7 % . in addition , the reduction was also driven by earnings in non-u.s. jurisdictions , which in aggregate , have a lower effective tax rate . revenues from non-u.s. jurisdictions accounts for approximately 35 % of our total revenues , such that a material portion of our pretax income was earned and taxed outside the u.s. at rates ranging from 0 % to 38 % . when comparing the results of multiple reporting periods , among other factors , the mix of earnings between u.s. and foreign jurisdictions can cause variability in our overall effective tax rate . the 2016 effective tax rate was 16.2 % which is lower than the u.s. statutory rate of 35 % primarily due to the tax treatment of the hussmann gain . the gain , which is not subject to tax under the relevant local tax laws , decreased the effective tax rate by 4.8 % . in addition , the reduction was also driven by earnings in non-u.s. jurisdictions , which in aggregate , have a lower effective tax rate . revenues from non-u.s. jurisdictions accounts for approximately 35 % of our total revenues , such that a material portion of our pretax income was earned and taxed outside the u.s. at rates ranging from 0 % to 38 % . when comparing the results of multiple reporting periods , among other factors , the mix of earnings between u.s. and foreign jurisdictions can cause variability in our overall effective tax rate . discontinued operations the components of discontinued operations , net of tax for the years ended december 31 are as follows : replace_table_token_15_th discontinued operations are retained costs from previously sold businesses including postretirement benefits , product liability and legal costs . in addition , we include costs associated with ingersoll-rand company for the settlement and defense of asbestos-related claims , insurance settlements on asbestos-related matters and the revaluation of its liability for potential future claims . for the year ended december 31 , 2016 , ongoing costs were more than offset by asbestos-related settlements with various insurance carriers . a portion of the tax benefit ( expense ) in each period represents adjustments for certain tax matters associated with the 2013 spin-off of our commercial and residential security business , now an independent public company operating under the name of allegion . liquidity and capital resources we assess our liquidity in terms of our ability to generate cash to fund our operating , investing and financing activities . in doing so , we review and analyze our current cash on hand , the number of days our sales are outstanding , inventory turns , capital expenditure commitments and income tax payments . our cash requirements primarily consist of the following : funding of working capital funding of capital expenditures dividend payments debt service requirements our primary sources of liquidity include cash balances on hand , cash flows from operations , proceeds from debt offerings , commercial paper , and borrowing availability under our existing credit facilities . we earn a significant amount of our operating income in jurisdictions where it is deemed to be permanently reinvested . our most prominent jurisdiction of operation is the u.s. we expect existing cash and cash equivalents available to the u.s. operations , the cash generated by our u.s. operations , our committed credit lines as well as our expected ability to access the capital and debt markets will be sufficient to fund our u.s. operating and capital needs for at least the next twelve months and thereafter for the foreseeable future . in addition , we expect existing non-u.s. cash and cash equivalents and the cash generated by our non-u.s. operations will be sufficient to fund our non-u.s. operating and capital needs for at least the next twelve months and thereafter for the foreseeable future . as of december 31 , 2018 , we had $ 903.4 million of cash and cash equivalents on hand , of which $ 689.7 million was held by non-u.s. subsidiaries . cash and cash equivalents held by our non-u.s. subsidiaries are generally available for use in our u.s. operations 28 via intercompany loans , equity infusions or via distributions from direct or indirectly owned non-u.s. subsidiaries for which we do not assert permanent reinvestment . as a result of the tax cuts and jobs act in 2017 , additional repatriation opportunities to access cash and cash equivalents held by non-u.s. subsidiaries have been created . in general , repatriation of cash to the u.s. can be completed with no significant incremental u.s. tax . however , to the extent that we repatriate funds from non-u.s. subsidiaries for which we assert permanent reinvestment to fund our u.s. operations , we would be required to accrue and pay applicable non-u.s. taxes . as of december 31 , 2018 , we currently have no plans to repatriate funds from subsidiaries for which we assert permanent reinvestment . share repurchases are made from time to time in accordance with management 's capital allocation strategy , subject to market conditions and regulatory requirements . in february 2017 , our board of directors authorized the repurchase of up to $ 1.5 billion of our ordinary shares under a share repurchase program ( the 2017 authorization ) upon completion of the prior authorized share repurchase program . repurchases under the 2017 authorization began in may 2017 and ended in december 2018 , completing the program . in october 2018 , our board of directors authorized the repurchase of up to $ 1.5 billion of our ordinary shares upon completion of the 2017 authorization

