33 we use the term “ organic sales `` to refer to sales from existing operations excluding ( i ) sales from acquired businesses recorded prior to the first anniversary of the acquisition ( “ acquisition sales ” ) , ( ii ) less the amount of sales attributable to any businesses divested/to be exited ( `` business to be exited `` ) , and ( iii ) the impact of foreign currency translation . the impact of foreign currency translation is determined by translating the respective period 's organic sales using the same currency exchange rates that were in effect during the prior year periods . we use the term “ organic sales growth ” to refer to the increase in our sales between periods that is attributable to organic sales . we use the term “ acquisition growth ” to refer to the increase in our sales between periods that is attributable to acquisition sales . gross profit . our gross profit is impacted by our levels of net sales and cost of sales . our cost of sales consists of costs for , among other things ( i ) raw materials , including copper , steel and aluminum ; ( ii ) components such as castings , bars , tools , bearings and electronics ; ( iii ) wages and related personnel expenses for fabrication , assembly and logistics personnel ; ( iv ) manufacturing facilities , including depreciation on our manufacturing facilities and equipment , insurance and utilities ; and ( v ) shipping . the majority of our cost of sales consists of raw materials and components . the price we pay for commodities and components can be subject to commodity price fluctuations . we attempt to mitigate portions of the commodity price fluctuations through fixed-price agreements with suppliers and our hedging strategies . when we experience commodity price increases , we have tended to announce price increases to our customers who purchase via purchase order , with such increases generally taking effect a period of time after the public announcements . for those sales we make under long-term arrangements , we tend to include material price formulas that specify quarterly or semi-annual price adjustments based on a variety of factors , including commodity prices . outside of general economic cyclicality , our business units experience different levels of variation in sales from quarter to quarter based on factors specific to each business . for example , a portion of our climate solutions segment manufactures products that are used in air conditioning applications . as a result , our sales for that business tend to be lower in the first and fourth quarters and higher in the second and third quarters . in contrast , our commercial systems segment , industrial systems segment and power transmission solutions segment have a broad customer base and a variety of applications , thereby helping to mitigate large quarter-to-quarter fluctuations outside of general economic conditions . operating expenses . our operating expenses consist primarily of ( i ) general and administrative expenses ; ( ii ) sales and marketing expenses ; ( iii ) general engineering and research and development expenses ; and ( iv ) handling costs incurred in conjunction with distribution activities . personnel related costs are our largest operating expense . our general and administrative expenses consist primarily of costs for ( i ) salaries , benefits and other personnel expenses related to our executive , finance , human resource , information technology , legal and operations functions ; ( ii ) occupancy expenses ; ( iii ) technology related costs ; ( iv ) depreciation and amortization ; and ( v ) corporate-related travel . the majority of our general and administrative costs are for salaries and related personnel expenses . these costs can vary by business given the location of our different manufacturing operations . our sales and marketing expenses consist primarily of costs for ( i ) salaries , benefits and other personnel expenses related to our sales and marketing function ; ( ii ) internal and external sales commissions and bonuses ; ( iii ) travel , lodging and other out-of-pocket expenses associated with our selling efforts ; and ( iv ) other related overhead . our general engineering and research and development expenses consist primarily of costs for ( i ) salaries , benefits and other personnel expenses ; ( ii ) the design and development of new energy efficiency products and enhancements ; ( iii ) quality assurance and testing ; and ( iv ) other related overhead . our research and development efforts tend to be targeted toward developing new products that would allow us to maintain or gain additional market share , whether in new or existing applications . while these costs make up an insignificant portion of our operating expenses in the power transmission solutions segment , they are more substantial in our commercial systems , industrial systems and climate solutions segments . in particular , a large driver of our research and development efforts in those three segments is energy efficiency , which generally means using less electrical power to produce more mechanical power . 34 goodwill & other asset impairments . in the fourth quarter of 2020 , we recorded goodwill impairment of $ 10.5 million in our global industrial motors reporting unit . during fiscal 2020 , we recognized $ 5.3 million of asset impairments related to the transfer of assets to held for sale . in the first quarter of 2019 , we transferred assets to held for sale which resulted in the recognition of $ 5.1 million of fixed asset impairments and $ 4.9 million of customer relationships intangible asset impairments . on july 31 , 2018 , we received notification from a customer of our hermetic climate business that it would wind down operations . story_separator_special_tag the effective tax rate for fiscal 2019 was 20.1 % compared to 19.3 % for fiscal 2018. the increase in the effective rate was due to the mix of earnings during the year . the lower effective tax rate in fiscal 2019 as compared to the 21 % statutory us federal income tax rate is driven by the mix of earnings and lower foreign tax rates . story_separator_special_tag style= `` bottom:0 ; position : absolute ; width:100 % `` > 40 the term facility was drawn in full on august 27 , 2018 with the proceeds settling the amounts owed under the prior term facility and prior multicurrency revolving facility . the term facility requires quarterly amortization at a rate starting at 5.0 % per annum , increasing to 7.5 % per annum after three years and further increasing to 10.0 % per annum for the last years of the term facility , unless previously prepaid . the weighted average interest rate on the term facility was 2.0 % and 3.6 % for the fiscal years ended january 2 , 2021 and december 28 , 2019 , respectively . the credit agreement requires us to prepay the loans under the term facility with 100 % of the net cash proceeds received from specified asset sales and borrowed money indebtedness , subject to certain exceptions . we repaid $ 50.0 million and $ 90.0 million under the term facility in fiscal 2020 and 2019 , respectively . the amount outstanding for fiscal years ended january 2 , 2021 and december 28 , 2019 was $ 670.0 million and $ 720.0 million , respectively . as of january 2 , 2021 we had no borrowings under the multicurrency revolving facility , $ 0.2 million of standby letters of credit and $ 499.8 million of available borrowing capacity . the average daily balance in borrowings under the multicurrency revolving facility was $ 150.4 million and $ 91.7 million , and the weighted average interest rate on the multicurrency revolving facility was 1.9 % and 3.6 % for the fiscal years ended january 2 , 2021 and december 28 , 2019 , respectively . we pay a non-use fee on the aggregate unused amount of the multicurrency revolving facility at a rate determined by reference to its consolidated funded debt to consolidated ebitda ratio . senior notes as of january 2 , 2021 , we had $ 400.0 million of unsecured senior notes ( the “ notes ” ) outstanding . the notes consist of $ 400.0 million in senior notes in a private placement which were issued in five tranches with maturities from ten to twelve years and carry fixed interest rates . as of january 2 , 2021 , $ 230.0 million and $ 170.0 million of the notes are included in current maturities of long-term debt and long-term debt , respectively , on the consolidated balance sheets . the notes maturing in 2021 will be paid using capacity on our multicurrency revolving facility and or cash from operations . details on the notes as of january 2 , 2021 were ( in millions ) : replace_table_token_10_th compliance with financial covenants the credit agreement and the notes contain covenants under which we agree to maintain a minimum ebitda-to-interest coverage ratio and maximum debt-to-ebitda ratio . we were in compliance with all financial covenants contained in the notes and the credit agreement as of january 2 , 2021. other notes payable as of january 2 , 2021 , other notes payable of $ 4.6 million were outstanding with a weighted average interest rate of 4.9 % . as of december 28 , 2019 , other notes payable of $ 4.5 million were outstanding with a weighted average rate of 5.0 % . financing arrangements related to rexnord transaction in connection with the rexnord transaction , on february 15 , 2021 , we entered into a debt commitment letter ( the “ bridge commitment letter ” ) and related fee letters with barclays bank plc ( “ barclays ” ) , pursuant to which , and subject to the terms and conditions set forth therein , barclays committed to provide approximately $ 2.1 billion in an aggregate principal amount of senior bridge loans under a 364-day senior bridge loan credit facility ( “ bridge facility ” ) . the proceeds of the loans under the bridge facility may be used by us to ( i ) pay the company special dividend , ( ii ) redeem the notes due in 2023 and ( iii ) to pay fees and expenses in connection with the rexnord transaction . further , we entered into an additional debt commitment letter ( the “ backstop commitment letter ” ) and related fee letters with barclays , pursuant to which , and subject to the terms and conditions set forth therein . in the event , we do not obtain certain required consents from the lenders under the credit agreement , we may enter into a 364-day senior bridge loan credit facility in an aggregate principal amount of up to approximately $ 1.1 billion to prepay in full the aggregate principal amount of loans outstanding under the credit agreement and accrued and unpaid interest thereon . 41 in connection with the rexnord transaction , land also entered into a debt commitment letter ( the “ land commitment letter ” ) and related fee letters with barclays , pursuant to which , and subject to the terms and conditions set forth therein , barclays committed to provide approximately $ 487.0 million of bridge loans under a 364-day senior bridge loan facility to be used to pay a dividend to a subsidiary of rexnord required prior to the reorganization . if the rexnord transaction is consummated , the indebtedness contemplated by the land commitment letter will become indebtedness of a wholly-owned subsidiary of the company . we anticipate incurring significant fees and expenses in connection with the rexnord transaction , the

liquidity and capital resources general our principal source of liquidity is cash flow provided by operating activities . in addition to operating income , other significant factors affecting our cash flows include working capital levels , capital expenditures , dividends , share repurchases , acquisitions , and divestitures , availability of debt financing , and the ability to attract long-term capital at acceptable terms . cash flow provided by operating activities was $ 435.4 million for fiscal 2020 , a $ 26.9 million increase from fiscal 2019. the increase was primarily the result of a reduction in working capital . cash flow provided by operating activities was $ 408.5 million for fiscal 2019 , a $ 45.8 million increase from fiscal 2018. the increase was primarily the result of a reduction in working capital and the higher net income year over year . our working capital was $ 1,029.3 million and $ 1,047.2 million as of january 2 , 2021 and december 28 , 2019 , respectively . as of january 2 , 2021 and december 28 , 2019 , our current ratio ( which is the ratio of our current assets to current liabilities ) was 2.3:1 and 2.9:1 , respectively . we intend to use operating cash flow to meet our current debt repayment obligations . cash flow used in investing activities was $ 37.0 million for fiscal 2020 , compared to cash flows provided by $ 74.3 million in fiscal 2019. the change was driven primarily by the divestiture proceeds received in fiscal 2019 partially offset by lower capital expenditures . capital expenditures were $ 47.5 million in fiscal 2020 , compared to $ 92.4 million in fiscal 2019 .


 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.
     ```liquidity and capital resources general our principal source of liquidity is cash flow provided by operating activities . in addition to operating income , other significant factors affecting our cash flows include working capital levels , capital expenditures , dividends , share repurchases , acquisitions , and divestitures , availability of debt financing , and the ability to attract long-term capital at acceptable terms . cash flow provided by operating activities was $ 435.4 million for fiscal 2020 , a $ 26.9 million increase from fiscal 2019. the increase was primarily the result of a reduction in working capital . cash flow provided by operating activities was $ 408.5 million for fiscal 2019 , a $ 45.8 million increase from fiscal 2018. the increase was primarily the result of a reduction in working capital and the higher net income year over year . our working capital was $ 1,029.3 million and $ 1,047.2 million as of january 2 , 2021 and december 28 , 2019 , respectively . as of january 2 , 2021 and december 28 , 2019 , our current ratio ( which is the ratio of our current assets to current liabilities ) was 2.3:1 and 2.9:1 , respectively . we intend to use operating cash flow to meet our current debt repayment obligations . cash flow used in investing activities was $ 37.0 million for fiscal 2020 , compared to cash flows provided by $ 74.3 million in fiscal 2019. the change was driven primarily by the divestiture proceeds received in fiscal 2019 partially offset by lower capital expenditures . capital expenditures were $ 47.5 million in fiscal 2020 , compared to $ 92.4 million in fiscal 2019 .
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 Suspicious Activity Report : 33 we use the term “ organic sales `` to refer to sales from existing operations excluding ( i ) sales from acquired businesses recorded prior to the first anniversary of the acquisition ( “ acquisition sales ” ) , ( ii ) less the amount of sales attributable to any businesses divested/to be exited ( `` business to be exited `` ) , and ( iii ) the impact of foreign currency translation . the impact of foreign currency translation is determined by translating the respective period 's organic sales using the same currency exchange rates that were in effect during the prior year periods . we use the term “ organic sales growth ” to refer to the increase in our sales between periods that is attributable to organic sales . we use the term “ acquisition growth ” to refer to the increase in our sales between periods that is attributable to acquisition sales . gross profit . our gross profit is impacted by our levels of net sales and cost of sales . our cost of sales consists of costs for , among other things ( i ) raw materials , including copper , steel and aluminum ; ( ii ) components such as castings , bars , tools , bearings and electronics ; ( iii ) wages and related personnel expenses for fabrication , assembly and logistics personnel ; ( iv ) manufacturing facilities , including depreciation on our manufacturing facilities and equipment , insurance and utilities ; and ( v ) shipping . the majority of our cost of sales consists of raw materials and components . the price we pay for commodities and components can be subject to commodity price fluctuations . we attempt to mitigate portions of the commodity price fluctuations through fixed-price agreements with suppliers and our hedging strategies . when we experience commodity price increases , we have tended to announce price increases to our customers who purchase via purchase order , with such increases generally taking effect a period of time after the public announcements . for those sales we make under long-term arrangements , we tend to include material price formulas that specify quarterly or semi-annual price adjustments based on a variety of factors , including commodity prices . outside of general economic cyclicality , our business units experience different levels of variation in sales from quarter to quarter based on factors specific to each business . for example , a portion of our climate solutions segment manufactures products that are used in air conditioning applications . as a result , our sales for that business tend to be lower in the first and fourth quarters and higher in the second and third quarters . in contrast , our commercial systems segment , industrial systems segment and power transmission solutions segment have a broad customer base and a variety of applications , thereby helping to mitigate large quarter-to-quarter fluctuations outside of general economic conditions . operating expenses . our operating expenses consist primarily of ( i ) general and administrative expenses ; ( ii ) sales and marketing expenses ; ( iii ) general engineering and research and development expenses ; and ( iv ) handling costs incurred in conjunction with distribution activities . personnel related costs are our largest operating expense . our general and administrative expenses consist primarily of costs for ( i ) salaries , benefits and other personnel expenses related to our executive , finance , human resource , information technology , legal and operations functions ; ( ii ) occupancy expenses ; ( iii ) technology related costs ; ( iv ) depreciation and amortization ; and ( v ) corporate-related travel . the majority of our general and administrative costs are for salaries and related personnel expenses . these costs can vary by business given the location of our different manufacturing operations . our sales and marketing expenses consist primarily of costs for ( i ) salaries , benefits and other personnel expenses related to our sales and marketing function ; ( ii ) internal and external sales commissions and bonuses ; ( iii ) travel , lodging and other out-of-pocket expenses associated with our selling efforts ; and ( iv ) other related overhead . our general engineering and research and development expenses consist primarily of costs for ( i ) salaries , benefits and other personnel expenses ; ( ii ) the design and development of new energy efficiency products and enhancements ; ( iii ) quality assurance and testing ; and ( iv ) other related overhead . our research and development efforts tend to be targeted toward developing new products that would allow us to maintain or gain additional market share , whether in new or existing applications . while these costs make up an insignificant portion of our operating expenses in the power transmission solutions segment , they are more substantial in our commercial systems , industrial systems and climate solutions segments . in particular , a large driver of our research and development efforts in those three segments is energy efficiency , which generally means using less electrical power to produce more mechanical power . 34 goodwill & other asset impairments . in the fourth quarter of 2020 , we recorded goodwill impairment of $ 10.5 million in our global industrial motors reporting unit . during fiscal 2020 , we recognized $ 5.3 million of asset impairments related to the transfer of assets to held for sale . in the first quarter of 2019 , we transferred assets to held for sale which resulted in the recognition of $ 5.1 million of fixed asset impairments and $ 4.9 million of customer relationships intangible asset impairments . on july 31 , 2018 , we received notification from a customer of our hermetic climate business that it would wind down operations . story_separator_special_tag the effective tax rate for fiscal 2019 was 20.1 % compared to 19.3 % for fiscal 2018. the increase in the effective rate was due to the mix of earnings during the year . the lower effective tax rate in fiscal 2019 as compared to the 21 % statutory us federal income tax rate is driven by the mix of earnings and lower foreign tax rates . story_separator_special_tag style= `` bottom:0 ; position : absolute ; width:100 % `` > 40 the term facility was drawn in full on august 27 , 2018 with the proceeds settling the amounts owed under the prior term facility and prior multicurrency revolving facility . the term facility requires quarterly amortization at a rate starting at 5.0 % per annum , increasing to 7.5 % per annum after three years and further increasing to 10.0 % per annum for the last years of the term facility , unless previously prepaid . the weighted average interest rate on the term facility was 2.0 % and 3.6 % for the fiscal years ended january 2 , 2021 and december 28 , 2019 , respectively . the credit agreement requires us to prepay the loans under the term facility with 100 % of the net cash proceeds received from specified asset sales and borrowed money indebtedness , subject to certain exceptions . we repaid $ 50.0 million and $ 90.0 million under the term facility in fiscal 2020 and 2019 , respectively . the amount outstanding for fiscal years ended january 2 , 2021 and december 28 , 2019 was $ 670.0 million and $ 720.0 million , respectively . as of january 2 , 2021 we had no borrowings under the multicurrency revolving facility , $ 0.2 million of standby letters of credit and $ 499.8 million of available borrowing capacity . the average daily balance in borrowings under the multicurrency revolving facility was $ 150.4 million and $ 91.7 million , and the weighted average interest rate on the multicurrency revolving facility was 1.9 % and 3.6 % for the fiscal years ended january 2 , 2021 and december 28 , 2019 , respectively . we pay a non-use fee on the aggregate unused amount of the multicurrency revolving facility at a rate determined by reference to its consolidated funded debt to consolidated ebitda ratio . senior notes as of january 2 , 2021 , we had $ 400.0 million of unsecured senior notes ( the “ notes ” ) outstanding . the notes consist of $ 400.0 million in senior notes in a private placement which were issued in five tranches with maturities from ten to twelve years and carry fixed interest rates . as of january 2 , 2021 , $ 230.0 million and $ 170.0 million of the notes are included in current maturities of long-term debt and long-term debt , respectively , on the consolidated balance sheets . the notes maturing in 2021 will be paid using capacity on our multicurrency revolving facility and or cash from operations . details on the notes as of january 2 , 2021 were ( in millions ) : replace_table_token_10_th compliance with financial covenants the credit agreement and the notes contain covenants under which we agree to maintain a minimum ebitda-to-interest coverage ratio and maximum debt-to-ebitda ratio . we were in compliance with all financial covenants contained in the notes and the credit agreement as of january 2 , 2021. other notes payable as of january 2 , 2021 , other notes payable of $ 4.6 million were outstanding with a weighted average interest rate of 4.9 % . as of december 28 , 2019 , other notes payable of $ 4.5 million were outstanding with a weighted average rate of 5.0 % . financing arrangements related to rexnord transaction in connection with the rexnord transaction , on february 15 , 2021 , we entered into a debt commitment letter ( the “ bridge commitment letter ” ) and related fee letters with barclays bank plc ( “ barclays ” ) , pursuant to which , and subject to the terms and conditions set forth therein , barclays committed to provide approximately $ 2.1 billion in an aggregate principal amount of senior bridge loans under a 364-day senior bridge loan credit facility ( “ bridge facility ” ) . the proceeds of the loans under the bridge facility may be used by us to ( i ) pay the company special dividend , ( ii ) redeem the notes due in 2023 and ( iii ) to pay fees and expenses in connection with the rexnord transaction . further , we entered into an additional debt commitment letter ( the “ backstop commitment letter ” ) and related fee letters with barclays , pursuant to which , and subject to the terms and conditions set forth therein . in the event , we do not obtain certain required consents from the lenders under the credit agreement , we may enter into a 364-day senior bridge loan credit facility in an aggregate principal amount of up to approximately $ 1.1 billion to prepay in full the aggregate principal amount of loans outstanding under the credit agreement and accrued and unpaid interest thereon . 41 in connection with the rexnord transaction , land also entered into a debt commitment letter ( the “ land commitment letter ” ) and related fee letters with barclays , pursuant to which , and subject to the terms and conditions set forth therein , barclays committed to provide approximately $ 487.0 million of bridge loans under a 364-day senior bridge loan facility to be used to pay a dividend to a subsidiary of rexnord required prior to the reorganization . if the rexnord transaction is consummated , the indebtedness contemplated by the land commitment letter will become indebtedness of a wholly-owned subsidiary of the company . we anticipate incurring significant fees and expenses in connection with the rexnord transaction , the

