in the fourth quarter of 2017 , we recorded non-cash goodwill impairment charge associated with our personal care segment of $ 578 million . see item 8 , financial statements and supplementary data under note 15 “ closure and restructuring costs and liability ” and note 4 “ impairment of property , plant and equipment and goodwill ” , for more information . 2 in the fourth quarter of 2017 , we recorded a net tax benefit of $ 140 million related to the u.s. tax reform , which is composed of a benefit of $ 186 million for the remeasurement of deferred tax assets and liabilities and a charge of $ 46 million for the repatriation tax , and adjusted by $ 7 million in the third quarter of 2018. see item 8 , financial statements and supplementary data under note 10 “ income taxes ” for more information . 3 see item 8 , financial statements and supplementary data under note 6 `` earnings ( loss ) per common share `` for more information on the calculation of net earnings per common share . outlook in 2019 , our paper shipments will increase as we respond to increased demand from our customers following the announced industry capacity closures while paper prices will continue to improve in the wake of the recently announced price increases across the majority of our paper grades . softwood and fluff pulp markets will remain balanced through the year due to continued steady demand growth and limited announced new capacity . we anticipate costs , including freight , labor and raw materials , to marginally increase . personal care is expected to benefit from our margin improvement plan and new customer wins , partially offset by further raw material cost inflation . consolidated results of operations and segment review this section presents a discussion and analysis of our 2018 , 2017 and 2016 sales , operating income ( loss ) and other information relevant to the understanding of our results of operations . as a result of adopting the new accounting standard “ revenue from contracts with customers , ” we have revised our segment disclosures to conform to the new guideline . in 2017 and 2016 , previously reported sales were as follows : $ 4,216 million for pulp and paper ( 2016 - $ 4,239 million ) , $ 1,005 million for personal care ( 2016 - $ 917 million ) , and $ ( 64 ) million for intersegment sales ( 2016 - $ ( 58 ) million ) . as a result of adopting the new accounting guideline “ improving the presentation of net periodic pension cost and net periodic postretirement benefit cost , ” we have revised our 2017 and 2016 segment disclosures to conform to the new guideline . in 2017 and 2016 , previously reported numbers for operating income ( loss ) were as follows : $ 250 million for pulp and paper ( 2016 - $ 217 million ) , ( $ 527 ) million for personal care ( 2016 - $ 57 million ) , and $ ( 40 ) million for corporate ( 2016 - $ ( 51 ) million ) . 28 replace_table_token_6_th replace_table_token_7_th ( a ) includes sales of hdis since october 1 , 2016. replace_table_token_8_th ( a ) includes closure and restructuring charge and accelerated depreciation of property , plant and equipment associated with an announced margin improvement plan within our personal care segment of $ 8 million and $ 7 million , respectively . ( b ) includes non-cash goodwill impairment charge associated with our personal care segment of $ 578 million . replace_table_token_9_th 29 ( a ) includes raw materials ( such as fiber , chemicals , nonwovens and super absorbent polymers ) and energy costs . ( b ) includes maintenance , freight costs , selling , general and administrative ( “ sg & a ” ) expenses and other costs . ( c ) in our personal care segment , in 2018 , we recorded $ 7 million of non-cash impairment of property , plant and equipment compared to $ 578 million of non-cash impairment of goodwill recorded in 2017. depreciation charges were lower by $ 13 million in 2018 , excluding foreign currency impact . ( d ) 2018 restructuring charges relate mostly to : 2017 restructuring charges relate mostly to : -inventory write-down ( $ 4 million ) -severance and termination costs ( $ 3 million ) -other costs ( $ 1 million ) -severance and termination costs ( $ 2 million ) ( e ) 2018 operating expenses/income includes : 2017 operating expenses/income includes : - net gain on sale of property , plant and equipment ( $ 4 million ) - foreign exchange gain ( $ 2 million ) - environmental provision ( $ 5 million ) - bad debt expense ( $ 2 million ) - other income ( $ 1 million ) - net gain on sale of property , plant and equipment ( $ 13 million ) - reversal of contingent consideration ( $ 2 million ) - bad debt expense ( $ 1 million ) - environmental provision ( $ 3 million ) - foreign exchange loss ( $ 1 million ) - other income ( $ 4 million ) commentary - 2018 vs. 2017 interest expense , net we incurred $ 62 million of net interest expense in 2018 compared to net interest expense of $ 66 million in 2017. interest expense decreased mainly due to the repayment at maturity of the 10.75 % notes due in june 2017 and was partially offset by an increase in interest rate on the term loan . story_separator_special_tag mostly due to the acquisition of hdis on october 1 , 2016 and organic sales growth . this increase was partially offset by lower selling prices of 1 % when compared to 2016. operating income decreased by $ 584 million compared to 2016. our results were negatively impacted by : higher depreciation/impairment charges ( $ 579 million ) mostly due to the non-cash impairment of goodwill recorded in 2017 of $ 578 million unfavorable average net selling prices ( $ 11 million ) unfavorable foreign exchange impact , net of our hedging program ( $ 4 million ) higher restructuring charges ( $ 1 million ) unfavorable other income/expense ( $ 1 million ) these decreases were partially offset by the following : higher volume and mix ( $ 6 million ) lower input costs ( $ 3 million ) mostly due to a decrease in price of super absorbent polymers , fluff pulp and non-wovens lower operating expenses ( $ 3 million ) mostly due to lower manufacturing costs , partially offset by higher salaries & wages in our absorbent hygiene products business , we compete in an industry with fundamental drivers for long-term growth ; however , competitive market pressures in the healthcare and retail markets grew significantly in recent years . although the impact of such pressures presents some uncertainties , we expect them to result in lower than previously anticipated sales and operating margins . while we are expected to benefit from the overall increase in healthcare spending due to an aging population , the pressures to limit spending on healthcare may impact overall consumption or the channels in which consumption occurs . additionally , excess industry capacity has increased pricing pressure in all markets and instigated a shift in the infant and adult private label retail space as competitors historically almost absent in our markets have increased their presence in such markets . the principal methods and elements of competition remain brand recognition and loyalty , product innovation , quality and performance , price and marketing and distribution capabilities . 34 margin improvement plan on november 1 , 2018 , we announced a margin improvement plan within our personal care segment . as part of this plan , our board of directors approved the permanent closure of our waco , texas , manufacturing and distribution facility , the relocation of certain of our manufacturing assets and a workforce reduction across the division . the waco , texas facility is expected to cease operations in the third quarter of 2019. the aggregate pre-tax earnings charge in connection with this margin improvement plan is estimated to be $ 57 million , which includes : a ) an estimated $ 29 million in charges relating to accelerated depreciation of the carrying amounts of certain manufacturing equipment and the write-down of related spare parts ; b ) $ 10 million of estimated severance and related employee benefits ; c ) $ 11 million of estimated relocation and other costs ; and d ) $ 7 million of an estimated amount related to the future lease payments at the waco facility , net of expected sublease revenues . we also expect to incur approximately $ 5 million of capital expenditures related to certain equipment installation costs . closure and restructuring costs are based on management 's best estimates . although we do not anticipate significant changes , actual costs may differ from these estimates due to subsequent business developments . as such , additional costs and further impairment charges may be required in future periods . we recorded $ 7 million for the year ended december 31 , 2018 of accelerated depreciation under impairment of property , plant and equipment and goodwill on the consolidated statement of earnings ( loss ) and comprehensive income ( loss ) . during the fourth quarter of 2018 , we also recorded a $ 4 million write-down of inventory , $ 3 million of severance and termination costs , and $ 1 million of other costs under closure and restructuring costs . the balance will be recognized through the third quarter of 2019. stock-based compensation expense under the omnibus incentive plan , we may award to key employees and non-employee directors , at the discretion of the human resources committee of the board of directors , non-qualified stock options , incentive stock options , stock appreciation rights , restricted stock units , performance-conditioned restricted stock units , performance share units , deferred share units ( “ dsus ” ) and other stock-based awards . the non-employee directors only receive dsus . we generally grant awards annually and use , when available , treasury stock to fulfill awards settled in common stock and options exercised . for the year ended december 31 , 2018 , stock-based compensation expense recognized in our results of operations was $ 10 million ( 2017– $ 20 million ; 2016 – $ 16 million ) for all of the outstanding awards . compensation costs not yet recognized amounted to $ 17 million ( 2017– $ 20 million ; 2016– $ 17 million ) and will be recognized over the remaining service period of approximately 26 months . the aggregate value of liability awards settled in 2018 was $ 8 million ( 2017 – $ 7 million ; 2016 – $ 4 million ) . the total fair value of equity awards settled in 2018 was $ 6 million ( 2017 – $ 3 million ) , representing the fair value at the time of settlement . the fair value at the grant date for these settled equity awards was $ 7 million ( 2017 – $ 4 million ) . compensation costs for performance awards are based on management 's best estimate of the final performance measurement . liquidity and capital resources our principal cash requirements are for ongoing operating costs , pension contributions , working capital and capital expenditures , as well as principal and interest payments on our

capital resources net indebtedness , consisting of long-term debt , net of cash and cash equivalents , was $ 743 million as of december 31 , 2018 compared to $ 991 million as of december 31 , 2017. notes maturity our 10.75 % notes , in aggregate principal amount of $ 63 million , matured on june 1 , 2017. our 9.5 % notes , in aggregate principal amount of $ 39 million , matured on august 1 , 2016. term loan in the fourth quarter of 2018 , we repaid the $ 300 million unsecured term loan that had been entered into in 2015 by a wholly-owned subsidiary of domtar with certain domestic banks . revolving credit facility in august 2018 , we amended and restated our unsecured revolving credit facility ( the “ credit agreement ” ) with certain domestic and foreign banks , extending the credit agreement 's maturity date from august 18 , 2021 to august 22 , 2023. the amount available under the credit agreement remains at $ 700 million . borrowings by the company under the credit agreement are guaranteed by our significant domestic subsidiaries . borrowings by foreign borrowers under the credit agreement are guaranteed by the company , our significant domestic subsidiaries and certain of our significant foreign subsidiaries . borrowings under the credit agreement bear interest at libor , euribor , canadian bankers ' acceptance or prime rate , as applicable , plus a margin linked to our credit rating . in addition , we pay facility fees quarterly at rates dependent on our credit ratings .


 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 net indebtedness , consisting of long-term debt , net of cash and cash equivalents , was $ 743 million as of december 31 , 2018 compared to $ 991 million as of december 31 , 2017. notes maturity our 10.75 % notes , in aggregate principal amount of $ 63 million , matured on june 1 , 2017. our 9.5 % notes , in aggregate principal amount of $ 39 million , matured on august 1 , 2016. term loan in the fourth quarter of 2018 , we repaid the $ 300 million unsecured term loan that had been entered into in 2015 by a wholly-owned subsidiary of domtar with certain domestic banks . revolving credit facility in august 2018 , we amended and restated our unsecured revolving credit facility ( the “ credit agreement ” ) with certain domestic and foreign banks , extending the credit agreement 's maturity date from august 18 , 2021 to august 22 , 2023. the amount available under the credit agreement remains at $ 700 million . borrowings by the company under the credit agreement are guaranteed by our significant domestic subsidiaries . borrowings by foreign borrowers under the credit agreement are guaranteed by the company , our significant domestic subsidiaries and certain of our significant foreign subsidiaries . borrowings under the credit agreement bear interest at libor , euribor , canadian bankers ' acceptance or prime rate , as applicable , plus a margin linked to our credit rating . in addition , we pay facility fees quarterly at rates dependent on our credit ratings .
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 Suspicious Activity Report : in the fourth quarter of 2017 , we recorded non-cash goodwill impairment charge associated with our personal care segment of $ 578 million . see item 8 , financial statements and supplementary data under note 15 “ closure and restructuring costs and liability ” and note 4 “ impairment of property , plant and equipment and goodwill ” , for more information . 2 in the fourth quarter of 2017 , we recorded a net tax benefit of $ 140 million related to the u.s. tax reform , which is composed of a benefit of $ 186 million for the remeasurement of deferred tax assets and liabilities and a charge of $ 46 million for the repatriation tax , and adjusted by $ 7 million in the third quarter of 2018. see item 8 , financial statements and supplementary data under note 10 “ income taxes ” for more information . 3 see item 8 , financial statements and supplementary data under note 6 `` earnings ( loss ) per common share `` for more information on the calculation of net earnings per common share . outlook in 2019 , our paper shipments will increase as we respond to increased demand from our customers following the announced industry capacity closures while paper prices will continue to improve in the wake of the recently announced price increases across the majority of our paper grades . softwood and fluff pulp markets will remain balanced through the year due to continued steady demand growth and limited announced new capacity . we anticipate costs , including freight , labor and raw materials , to marginally increase . personal care is expected to benefit from our margin improvement plan and new customer wins , partially offset by further raw material cost inflation . consolidated results of operations and segment review this section presents a discussion and analysis of our 2018 , 2017 and 2016 sales , operating income ( loss ) and other information relevant to the understanding of our results of operations . as a result of adopting the new accounting standard “ revenue from contracts with customers , ” we have revised our segment disclosures to conform to the new guideline . in 2017 and 2016 , previously reported sales were as follows : $ 4,216 million for pulp and paper ( 2016 - $ 4,239 million ) , $ 1,005 million for personal care ( 2016 - $ 917 million ) , and $ ( 64 ) million for intersegment sales ( 2016 - $ ( 58 ) million ) . as a result of adopting the new accounting guideline “ improving the presentation of net periodic pension cost and net periodic postretirement benefit cost , ” we have revised our 2017 and 2016 segment disclosures to conform to the new guideline . in 2017 and 2016 , previously reported numbers for operating income ( loss ) were as follows : $ 250 million for pulp and paper ( 2016 - $ 217 million ) , ( $ 527 ) million for personal care ( 2016 - $ 57 million ) , and $ ( 40 ) million for corporate ( 2016 - $ ( 51 ) million ) . 28 replace_table_token_6_th replace_table_token_7_th ( a ) includes sales of hdis since october 1 , 2016. replace_table_token_8_th ( a ) includes closure and restructuring charge and accelerated depreciation of property , plant and equipment associated with an announced margin improvement plan within our personal care segment of $ 8 million and $ 7 million , respectively . ( b ) includes non-cash goodwill impairment charge associated with our personal care segment of $ 578 million . replace_table_token_9_th 29 ( a ) includes raw materials ( such as fiber , chemicals , nonwovens and super absorbent polymers ) and energy costs . ( b ) includes maintenance , freight costs , selling , general and administrative ( “ sg & a ” ) expenses and other costs . ( c ) in our personal care segment , in 2018 , we recorded $ 7 million of non-cash impairment of property , plant and equipment compared to $ 578 million of non-cash impairment of goodwill recorded in 2017. depreciation charges were lower by $ 13 million in 2018 , excluding foreign currency impact . ( d ) 2018 restructuring charges relate mostly to : 2017 restructuring charges relate mostly to : -inventory write-down ( $ 4 million ) -severance and termination costs ( $ 3 million ) -other costs ( $ 1 million ) -severance and termination costs ( $ 2 million ) ( e ) 2018 operating expenses/income includes : 2017 operating expenses/income includes : - net gain on sale of property , plant and equipment ( $ 4 million ) - foreign exchange gain ( $ 2 million ) - environmental provision ( $ 5 million ) - bad debt expense ( $ 2 million ) - other income ( $ 1 million ) - net gain on sale of property , plant and equipment ( $ 13 million ) - reversal of contingent consideration ( $ 2 million ) - bad debt expense ( $ 1 million ) - environmental provision ( $ 3 million ) - foreign exchange loss ( $ 1 million ) - other income ( $ 4 million ) commentary - 2018 vs. 2017 interest expense , net we incurred $ 62 million of net interest expense in 2018 compared to net interest expense of $ 66 million in 2017. interest expense decreased mainly due to the repayment at maturity of the 10.75 % notes due in june 2017 and was partially offset by an increase in interest rate on the term loan . story_separator_special_tag mostly due to the acquisition of hdis on october 1 , 2016 and organic sales growth . this increase was partially offset by lower selling prices of 1 % when compared to 2016. operating income decreased by $ 584 million compared to 2016. our results were negatively impacted by : higher depreciation/impairment charges ( $ 579 million ) mostly due to the non-cash impairment of goodwill recorded in 2017 of $ 578 million unfavorable average net selling prices ( $ 11 million ) unfavorable foreign exchange impact , net of our hedging program ( $ 4 million ) higher restructuring charges ( $ 1 million ) unfavorable other income/expense ( $ 1 million ) these decreases were partially offset by the following : higher volume and mix ( $ 6 million ) lower input costs ( $ 3 million ) mostly due to a decrease in price of super absorbent polymers , fluff pulp and non-wovens lower operating expenses ( $ 3 million ) mostly due to lower manufacturing costs , partially offset by higher salaries & wages in our absorbent hygiene products business , we compete in an industry with fundamental drivers for long-term growth ; however , competitive market pressures in the healthcare and retail markets grew significantly in recent years . although the impact of such pressures presents some uncertainties , we expect them to result in lower than previously anticipated sales and operating margins . while we are expected to benefit from the overall increase in healthcare spending due to an aging population , the pressures to limit spending on healthcare may impact overall consumption or the channels in which consumption occurs . additionally , excess industry capacity has increased pricing pressure in all markets and instigated a shift in the infant and adult private label retail space as competitors historically almost absent in our markets have increased their presence in such markets . the principal methods and elements of competition remain brand recognition and loyalty , product innovation , quality and performance , price and marketing and distribution capabilities . 34 margin improvement plan on november 1 , 2018 , we announced a margin improvement plan within our personal care segment . as part of this plan , our board of directors approved the permanent closure of our waco , texas , manufacturing and distribution facility , the relocation of certain of our manufacturing assets and a workforce reduction across the division . the waco , texas facility is expected to cease operations in the third quarter of 2019. the aggregate pre-tax earnings charge in connection with this margin improvement plan is estimated to be $ 57 million , which includes : a ) an estimated $ 29 million in charges relating to accelerated depreciation of the carrying amounts of certain manufacturing equipment and the write-down of related spare parts ; b ) $ 10 million of estimated severance and related employee benefits ; c ) $ 11 million of estimated relocation and other costs ; and d ) $ 7 million of an estimated amount related to the future lease payments at the waco facility , net of expected sublease revenues . we also expect to incur approximately $ 5 million of capital expenditures related to certain equipment installation costs . closure and restructuring costs are based on management 's best estimates . although we do not anticipate significant changes , actual costs may differ from these estimates due to subsequent business developments . as such , additional costs and further impairment charges may be required in future periods . we recorded $ 7 million for the year ended december 31 , 2018 of accelerated depreciation under impairment of property , plant and equipment and goodwill on the consolidated statement of earnings ( loss ) and comprehensive income ( loss ) . during the fourth quarter of 2018 , we also recorded a $ 4 million write-down of inventory , $ 3 million of severance and termination costs , and $ 1 million of other costs under closure and restructuring costs . the balance will be recognized through the third quarter of 2019. stock-based compensation expense under the omnibus incentive plan , we may award to key employees and non-employee directors , at the discretion of the human resources committee of the board of directors , non-qualified stock options , incentive stock options , stock appreciation rights , restricted stock units , performance-conditioned restricted stock units , performance share units , deferred share units ( “ dsus ” ) and other stock-based awards . the non-employee directors only receive dsus . we generally grant awards annually and use , when available , treasury stock to fulfill awards settled in common stock and options exercised . for the year ended december 31 , 2018 , stock-based compensation expense recognized in our results of operations was $ 10 million ( 2017– $ 20 million ; 2016 – $ 16 million ) for all of the outstanding awards . compensation costs not yet recognized amounted to $ 17 million ( 2017– $ 20 million ; 2016– $ 17 million ) and will be recognized over the remaining service period of approximately 26 months . the aggregate value of liability awards settled in 2018 was $ 8 million ( 2017 – $ 7 million ; 2016 – $ 4 million ) . the total fair value of equity awards settled in 2018 was $ 6 million ( 2017 – $ 3 million ) , representing the fair value at the time of settlement . the fair value at the grant date for these settled equity awards was $ 7 million ( 2017 – $ 4 million ) . compensation costs for performance awards are based on management 's best estimate of the final performance measurement . liquidity and capital resources our principal cash requirements are for ongoing operating costs , pension contributions , working capital and capital expenditures , as well as principal and interest payments on our

