stockholders of newell rubbermaid and former jarden stockholders ( including holders of jarden convertible notes ) owned 55 % and 45 % , respectively , of newell brands upon completion of the merger . the company paid $ 5.2 billion in addition to $ 4.1 billion for the repayment of certain jarden debt , net of $ 661.9 million of cash acquired . a total of $ 222.2 million in cash otherwise payable in connection with the acquisition has not been paid as of december 31 , 2016 , as this amount was payable in respect of shareholders who have exercised their judicial rights of appraisal under delaware law . the total merger consideration otherwise payable to the dissenting stockholders was approximately $ 626.5 million based on the company 's stock price as of the closing date . the company financed the $ 5.4 billion cash portion of the merger consideration and the repayment of $ 4.1 billion of outstanding jarden debt with proceeds from the issuance of $ 8.0 billion of medium-term and long-term notes in march 2016 and $ 1.5 billion of borrowings under a term loan facility . see footnote 10 of the notes to consolidated financial statements for further information . the company is committed to maintaining its investment grade credit rating by using strong cash flow from the combined enterprise to prioritize debt reduction in the short term , while simultaneously investing in the company 's growth platforms and maintaining its dividend per share . 27 the jarden acquisition was accounted for using the purchase method of accounting , and jarden 's assets , liabilities and results of operations are included in the company 's financial statements from the acquisition date of april 15 , 2016. business strategy during 2016 , the company launched the new growth game plan , which is its strategy to simplify the organization and free up resources to invest in growth initiatives and strengthened capabilities in support of the company 's brands . the changes being implemented in the execution of the new growth game plan are considered key enablers to building a bigger , faster-growing , more global and more profitable company . as part of the new growth game plan , in late 2016 the company began to transform from a holding company to an operating company , consolidating its business units into global divisions while investing to extend its design , innovation and brand development capabilities across a broader set of categories . these organization changes were initiated in the third quarter and this major phase of the transformation was completed by year end . these new global divisions will become the key commercial nodes in the company , including a new global ecommerce division , which will have responsibility for all ecommerce activity across the enterprise.the divisions will generally align to the four areas of strategic focus for the company of live , learn , work , and play . the new structure will be effective january 1 , 2017. organizational structure the company 's nine business segments and the key brands included in each segment during 2016 are as follows : segment key brands description of primary products writing sharpie ® , paper mate ® , expo ® , prismacolor ® , mr. sketch ® , elmer 's ® , x-acto ® , parker ® , waterman ® , dymo ® office writing instruments , including markers and highlighters , pens and pencils ; art products ; activity-based adhesive and cutting products ; fine writing instruments ; labeling solutions home solutions rubbermaid ® , contigo ® , bubba ® , calphalon ® , goody ® indoor/outdoor organization , food storage and home storage products ; durable beverage containers ; gourmet cookware , bakeware and cutlery ; hair care accessories tools irwin ® , lenox ® , hilmor , dymo ® industrial hand tools and power tool accessories ; industrial bandsaw blades ; tools for hvac systems ; label makers and printers for industrial use commercial products rubbermaid commercial products ® cleaning and refuse products ; hygiene systems ; material handling solutions baby & parenting graco ® , baby jogger ® , aprica ® , teutonia ® infant and juvenile products such as car seats , strollers , highchairs and playards branded consumables yankee candle ® , waddington , ball ® , diamond ® , first alert ® , nuk ® , quickie ® , pine mountain ® branded consumer products ; consumable and fundamental household staples consumer solutions crock-pot ® , foodsaver ® , holmes ® , mr. coffee ® , oster ® , rainbow ® , sunbeam ® household products , including kitchen appliances and home environment products outdoor solutions coleman ® , jostens ® , berkley ® , shakespeare ® , rawlings ® , völkl ® , k2 ® , marmot ® products for outdoor and outdoor-related activities process solutions jarden plastic solutions , jarden applied materials , jarden zinc products plastic products including container closures , contact lens packaging , medical disposables , plastic cutlery and rigid packaging on april 15 , 2016 , the company acquired jarden for total consideration of $ 18.7 billion including cash paid , shares issued and debt assumed , net of cash acquired . the acquisition was accounted for using the purchase method of accounting , and accordingly , jarden 's results of operations are included in the company 's results of operations since the acquisition date , including net sales of $ 7.3 billion for the year ended december 31 , 2016 . jarden is included in its legacy segments : branded consumables , consumer solutions , outdoor solutions and process solutions . 28 in october 2015 , the company acquired elmer 's products , inc. ( “ elmer 's ” ) for a purchase price of $ 571.4 million . story_separator_special_tag the april 2015 expansion is expected to generate annualized incremental overhead cost savings of approximately $ 150 million when fully implemented by the end of 2017 , which includes savings expected to be realized during 2018 from projects completed in 2017. in connection with the april 2015 expansion , the company expects to incur approximately $ 150 million of additional costs , including cash costs of approximately $ 135 million . the additional costs include pretax restructuring charges in the range of $ 125 to $ 135 million , a majority of which are expected to be facility exit costs and employee-related cash costs , including severance , retirement and other termination benefits . cumulative costs of the expanded project renewal are now expected to be approximately $ 690 to $ 725 million pretax , with cash costs of approximately $ 645 to $ 675 million . project renewal in total is expected to generate annualized cost savings of approximately $ 620 to $ 675 million by the end of 2017 , which includes savings expected to be realized during 2018 from projects completed in 2017. through december 31 , 2016 , the company has realized annualized savings of approximately $ 510 million . the majority of these savings have been , and the majority of future savings from project renewal initiatives are expected to be , reinvested in the business to strengthen brand building and selling capabilities in priority markets around the world . since inception of project renewal through december 31 , 2016 , the company had incurred $ 319.7 million and $ 208.8 million of restructuring and other project-related costs , respectively . the majority of the restructuring costs represent employee-related cash costs , including severance , retirement and other termination benefits and costs . other project-related costs represent organizational change implementation costs , including advisory and consultancy costs , compensation and related costs of personnel dedicated to transformation projects , and other costs associated with the implementation of project renewal . through december 31 , 2016 , the company estimates it has reduced its headcount by approximately 2,900 employees as a result of project renewal initiatives . the following table summarizes the estimated costs and savings relating to project renewal , as well as the actual results through december 31 , 2016 ( amounts in millions ) : replace_table_token_4_th * includes savings expected to be realized during 2018 from projects completed in 2017. in 2016 , the company has continued to execute existing projects as well as initiate new activities relating to project renewal as follows : ongoing reconfiguration and consolidation of the company 's manufacturing footprint and distribution centers to reduce overhead , improve operational efficiencies and better utilize existing assets , including the ongoing implementation of projects to better align the writing segment 's worldwide supply chain footprint . 32 ongoing evaluations of the company 's overhead structure , supply chain organization and processes , customer development organization alignment , and pricing structure to optimize and transform processes , simplify the organization and reduce costs , including the implementation of technology-based solutions to better manage pricing initiatives and merchandising support . initiated a project to enhance the baby & parenting segment 's route-to-market in certain parts of north america . continued implementation of plans to relocate the company 's atlanta business hub within atlanta , georgia in early 2016. the company moved into the new building in april 2016. foreign currency - venezuela until december 31 , 2015 , the company accounted for its venezuelan operations using highly inflationary accounting , and therefore , the company remeasured assets , liabilities , sales and expenses denominated in bolivar fuertes ( “ bolivars ” ) into u.s. dollars using the applicable exchange rate , and the resulting translation adjustments were included in earnings . as of december 31 , 2015 , the company determined it could no longer exercise control over its venezuela operations because the availability of u.s. dollars had declined significantly over the past several years in each of venezuela 's three exchange mechanisms . as a result , the company deconsolidated its venezuelan operations . prior to the deconsolidation of the venezuela operations on december 31 , 2015 , the results of the company 's venezuelan operations have been included in the company 's consolidated statements of operations for 2015 and all prior periods . as of december 31 , 2015 , the company began accounting for its investment in its venezuelan operations using the cost method of accounting , and the cost basis was adjusted to nil as of december 31 , 2015. during the years ended december 31 , 2015 and 2014 , the venezuelan operations generated 2.2 % and 1.4 % of consolidated net sales , respectively and $ 51.1 million and $ 30.0 million of the company 's reported annual operating income , respectively . as a result of deconsolidating its venezuelan operations , the company recorded a charge of $ 172.7 million in 2015. the charge consisted of the write-off of the company 's venezuelan operations ' net assets of $ 74.7 million , as well as $ 58.3 million of venezuela receivable-related assets held by other subsidiaries , resulting in $ 133.0 million of total charges associated with the deconsolidation of venezuela 's net assets . in addition , in accordance with applicable accounting standards for foreign currency and the transition to the cost method for venezuela 's operations , the company was required to write-off the currency translation adjustment that arose prior to the application of hyperinflationary accounting in 2010 that was included in other comprehensive loss in equity . the write-off of the currency translation adjustment resulted in a pre-tax charge of $ 39.7 million . the company plans to continue operating its business in venezuela . since the company holds all of the equity interests but does not have the power to direct the activities that most significantly affect the venezuela entity 's economic

cash provided by operating activities for 2015 was $ 565.8 million compared to $ 634.1 million for 2014 . the decrease in operating cash flow was primarily due to the impact of the following items : a $ 70.0 million voluntary contribution to the company 's primary u.s. pension plan during 2015 , which is included in accrued liabilities and other in the consolidated statements of cash flows ; a $ 69.6 million year-over-year increase in cash used to build inventories in 2015 compared to 2014 , partially attributable to inventory builds in 2015 to support new product launches ; a $ 45.9 million year-over-year increase in project-related costs associated with project renewal and advisory costs for process transformation and optimization , including advisory and consulting costs and personnel costs associated with employees dedicated to project renewal initiatives ; and a $ 67.0 million year-over-year decrease in cash provided by accounts payable , primarily attributable to the timing and management of purchases and payments . partially offset by : a $ 107.1 million year-over-year decrease in cash used for increases in accounts receivable due to the timing of sales in the fourth quarter of 2015 compared to the fourth quarter of 2014 ; and a $ 60.6 million increase in the company 's income tax liability during 2015 , which is included in accrued liabilities and other in the consolidated statements of cash flows , primarily associated with an estimated $ 60.0 million income tax payment due in the first quarter of 2016 associated with the gain realized on the sale of the endicia business . during 2016 , the company had net payments of $ 641.4 million related to its short-term borrowing arrangements compared to net payments of $ 57.0 million related to short-term borrowing arrangements in 2015 .


 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 provided by operating activities for 2015 was $ 565.8 million compared to $ 634.1 million for 2014 . the decrease in operating cash flow was primarily due to the impact of the following items : a $ 70.0 million voluntary contribution to the company 's primary u.s. pension plan during 2015 , which is included in accrued liabilities and other in the consolidated statements of cash flows ; a $ 69.6 million year-over-year increase in cash used to build inventories in 2015 compared to 2014 , partially attributable to inventory builds in 2015 to support new product launches ; a $ 45.9 million year-over-year increase in project-related costs associated with project renewal and advisory costs for process transformation and optimization , including advisory and consulting costs and personnel costs associated with employees dedicated to project renewal initiatives ; and a $ 67.0 million year-over-year decrease in cash provided by accounts payable , primarily attributable to the timing and management of purchases and payments . partially offset by : a $ 107.1 million year-over-year decrease in cash used for increases in accounts receivable due to the timing of sales in the fourth quarter of 2015 compared to the fourth quarter of 2014 ; and a $ 60.6 million increase in the company 's income tax liability during 2015 , which is included in accrued liabilities and other in the consolidated statements of cash flows , primarily associated with an estimated $ 60.0 million income tax payment due in the first quarter of 2016 associated with the gain realized on the sale of the endicia business . during 2016 , the company had net payments of $ 641.4 million related to its short-term borrowing arrangements compared to net payments of $ 57.0 million related to short-term borrowing arrangements in 2015 .
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 Suspicious Activity Report : stockholders of newell rubbermaid and former jarden stockholders ( including holders of jarden convertible notes ) owned 55 % and 45 % , respectively , of newell brands upon completion of the merger . the company paid $ 5.2 billion in addition to $ 4.1 billion for the repayment of certain jarden debt , net of $ 661.9 million of cash acquired . a total of $ 222.2 million in cash otherwise payable in connection with the acquisition has not been paid as of december 31 , 2016 , as this amount was payable in respect of shareholders who have exercised their judicial rights of appraisal under delaware law . the total merger consideration otherwise payable to the dissenting stockholders was approximately $ 626.5 million based on the company 's stock price as of the closing date . the company financed the $ 5.4 billion cash portion of the merger consideration and the repayment of $ 4.1 billion of outstanding jarden debt with proceeds from the issuance of $ 8.0 billion of medium-term and long-term notes in march 2016 and $ 1.5 billion of borrowings under a term loan facility . see footnote 10 of the notes to consolidated financial statements for further information . the company is committed to maintaining its investment grade credit rating by using strong cash flow from the combined enterprise to prioritize debt reduction in the short term , while simultaneously investing in the company 's growth platforms and maintaining its dividend per share . 27 the jarden acquisition was accounted for using the purchase method of accounting , and jarden 's assets , liabilities and results of operations are included in the company 's financial statements from the acquisition date of april 15 , 2016. business strategy during 2016 , the company launched the new growth game plan , which is its strategy to simplify the organization and free up resources to invest in growth initiatives and strengthened capabilities in support of the company 's brands . the changes being implemented in the execution of the new growth game plan are considered key enablers to building a bigger , faster-growing , more global and more profitable company . as part of the new growth game plan , in late 2016 the company began to transform from a holding company to an operating company , consolidating its business units into global divisions while investing to extend its design , innovation and brand development capabilities across a broader set of categories . these organization changes were initiated in the third quarter and this major phase of the transformation was completed by year end . these new global divisions will become the key commercial nodes in the company , including a new global ecommerce division , which will have responsibility for all ecommerce activity across the enterprise.the divisions will generally align to the four areas of strategic focus for the company of live , learn , work , and play . the new structure will be effective january 1 , 2017. organizational structure the company 's nine business segments and the key brands included in each segment during 2016 are as follows : segment key brands description of primary products writing sharpie ® , paper mate ® , expo ® , prismacolor ® , mr. sketch ® , elmer 's ® , x-acto ® , parker ® , waterman ® , dymo ® office writing instruments , including markers and highlighters , pens and pencils ; art products ; activity-based adhesive and cutting products ; fine writing instruments ; labeling solutions home solutions rubbermaid ® , contigo ® , bubba ® , calphalon ® , goody ® indoor/outdoor organization , food storage and home storage products ; durable beverage containers ; gourmet cookware , bakeware and cutlery ; hair care accessories tools irwin ® , lenox ® , hilmor , dymo ® industrial hand tools and power tool accessories ; industrial bandsaw blades ; tools for hvac systems ; label makers and printers for industrial use commercial products rubbermaid commercial products ® cleaning and refuse products ; hygiene systems ; material handling solutions baby & parenting graco ® , baby jogger ® , aprica ® , teutonia ® infant and juvenile products such as car seats , strollers , highchairs and playards branded consumables yankee candle ® , waddington , ball ® , diamond ® , first alert ® , nuk ® , quickie ® , pine mountain ® branded consumer products ; consumable and fundamental household staples consumer solutions crock-pot ® , foodsaver ® , holmes ® , mr. coffee ® , oster ® , rainbow ® , sunbeam ® household products , including kitchen appliances and home environment products outdoor solutions coleman ® , jostens ® , berkley ® , shakespeare ® , rawlings ® , völkl ® , k2 ® , marmot ® products for outdoor and outdoor-related activities process solutions jarden plastic solutions , jarden applied materials , jarden zinc products plastic products including container closures , contact lens packaging , medical disposables , plastic cutlery and rigid packaging on april 15 , 2016 , the company acquired jarden for total consideration of $ 18.7 billion including cash paid , shares issued and debt assumed , net of cash acquired . the acquisition was accounted for using the purchase method of accounting , and accordingly , jarden 's results of operations are included in the company 's results of operations since the acquisition date , including net sales of $ 7.3 billion for the year ended december 31 , 2016 . jarden is included in its legacy segments : branded consumables , consumer solutions , outdoor solutions and process solutions . 28 in october 2015 , the company acquired elmer 's products , inc. ( “ elmer 's ” ) for a purchase price of $ 571.4 million . story_separator_special_tag the april 2015 expansion is expected to generate annualized incremental overhead cost savings of approximately $ 150 million when fully implemented by the end of 2017 , which includes savings expected to be realized during 2018 from projects completed in 2017. in connection with the april 2015 expansion , the company expects to incur approximately $ 150 million of additional costs , including cash costs of approximately $ 135 million . the additional costs include pretax restructuring charges in the range of $ 125 to $ 135 million , a majority of which are expected to be facility exit costs and employee-related cash costs , including severance , retirement and other termination benefits . cumulative costs of the expanded project renewal are now expected to be approximately $ 690 to $ 725 million pretax , with cash costs of approximately $ 645 to $ 675 million . project renewal in total is expected to generate annualized cost savings of approximately $ 620 to $ 675 million by the end of 2017 , which includes savings expected to be realized during 2018 from projects completed in 2017. through december 31 , 2016 , the company has realized annualized savings of approximately $ 510 million . the majority of these savings have been , and the majority of future savings from project renewal initiatives are expected to be , reinvested in the business to strengthen brand building and selling capabilities in priority markets around the world . since inception of project renewal through december 31 , 2016 , the company had incurred $ 319.7 million and $ 208.8 million of restructuring and other project-related costs , respectively . the majority of the restructuring costs represent employee-related cash costs , including severance , retirement and other termination benefits and costs . other project-related costs represent organizational change implementation costs , including advisory and consultancy costs , compensation and related costs of personnel dedicated to transformation projects , and other costs associated with the implementation of project renewal . through december 31 , 2016 , the company estimates it has reduced its headcount by approximately 2,900 employees as a result of project renewal initiatives . the following table summarizes the estimated costs and savings relating to project renewal , as well as the actual results through december 31 , 2016 ( amounts in millions ) : replace_table_token_4_th * includes savings expected to be realized during 2018 from projects completed in 2017. in 2016 , the company has continued to execute existing projects as well as initiate new activities relating to project renewal as follows : ongoing reconfiguration and consolidation of the company 's manufacturing footprint and distribution centers to reduce overhead , improve operational efficiencies and better utilize existing assets , including the ongoing implementation of projects to better align the writing segment 's worldwide supply chain footprint . 32 ongoing evaluations of the company 's overhead structure , supply chain organization and processes , customer development organization alignment , and pricing structure to optimize and transform processes , simplify the organization and reduce costs , including the implementation of technology-based solutions to better manage pricing initiatives and merchandising support . initiated a project to enhance the baby & parenting segment 's route-to-market in certain parts of north america . continued implementation of plans to relocate the company 's atlanta business hub within atlanta , georgia in early 2016. the company moved into the new building in april 2016. foreign currency - venezuela until december 31 , 2015 , the company accounted for its venezuelan operations using highly inflationary accounting , and therefore , the company remeasured assets , liabilities , sales and expenses denominated in bolivar fuertes ( “ bolivars ” ) into u.s. dollars using the applicable exchange rate , and the resulting translation adjustments were included in earnings . as of december 31 , 2015 , the company determined it could no longer exercise control over its venezuela operations because the availability of u.s. dollars had declined significantly over the past several years in each of venezuela 's three exchange mechanisms . as a result , the company deconsolidated its venezuelan operations . prior to the deconsolidation of the venezuela operations on december 31 , 2015 , the results of the company 's venezuelan operations have been included in the company 's consolidated statements of operations for 2015 and all prior periods . as of december 31 , 2015 , the company began accounting for its investment in its venezuelan operations using the cost method of accounting , and the cost basis was adjusted to nil as of december 31 , 2015. during the years ended december 31 , 2015 and 2014 , the venezuelan operations generated 2.2 % and 1.4 % of consolidated net sales , respectively and $ 51.1 million and $ 30.0 million of the company 's reported annual operating income , respectively . as a result of deconsolidating its venezuelan operations , the company recorded a charge of $ 172.7 million in 2015. the charge consisted of the write-off of the company 's venezuelan operations ' net assets of $ 74.7 million , as well as $ 58.3 million of venezuela receivable-related assets held by other subsidiaries , resulting in $ 133.0 million of total charges associated with the deconsolidation of venezuela 's net assets . in addition , in accordance with applicable accounting standards for foreign currency and the transition to the cost method for venezuela 's operations , the company was required to write-off the currency translation adjustment that arose prior to the application of hyperinflationary accounting in 2010 that was included in other comprehensive loss in equity . the write-off of the currency translation adjustment resulted in a pre-tax charge of $ 39.7 million . the company plans to continue operating its business in venezuela . since the company holds all of the equity interests but does not have the power to direct the activities that most significantly affect the venezuela entity 's economic

