the three month simple average price per pound , as published by the american market indexes , were as follows : replace_table_token_4_th due to differences in the timing of passing through resin cost changes to our customers on escalator/de-escalator programs , segments are negatively impacted in the short term when plastic resin costs increase and are positively impacted in the short term when plastic resin costs decrease . this timing lag in passing through raw material cost changes could affect our results as plastic resin costs fluctuate . outlook . the company is impacted by general economic and industrial growth , plastic resin availability and affordability , and general industrial production . our business has both geographic and end-market diversity , which reduces the effect of any one of these factors on our overall performance . our results are affected by our ability to pass through raw material cost changes to our customers , improve manufacturing productivity and adapt to volume changes of our customers . we believe there are long term growth opportunities within the health , pharmaceuticals , personal care and food packaging markets existing outside of north america , especially in asia , where expected per capita consumption increases should result in organic market growth . in addition , while we continue to believe that long term dynamics of the resin markets will be an advantage to berry , the short term challenges to regional transportation systems and higher raw material prices for certain inputs as a result of recent storm disruptions , as well as macroeconomic pressures in south america could create modest short-term headwinds for early fiscal 2018. for fiscal 2018 , we project cash flow from operations and adjusted free cash flow of $ 965 million and $ 610 million , respectively . while we expect the recent raw material inflation to result in increases to working capital in the beginning of fiscal 2018 , our annual projections assume flat working capital as we believe raw materials will normalize as the year progresses . additionally , our capital spending and cash interest costs are forecasted to be $ 320 million and $ 250 million , respectively . within our adjusted free cash flow guidance , we are also assuming cash taxes to be $ 210 million , including a $ 35 million payment in the first quarter under the company 's tax receivable agreement , along with other cash uses of $ 40 million related to items such as acquisition integration expenses and costs to achieve synergies . these estimates and assumptions do not include our most recent definitive agreement to acquire clopay . for the definition of adjusted free cash flow and further information related to adjusted free cash flow as a non-gaap financial measure , see `` liquidity and capital resources . `` recent acquisitions our acquisition strategy is focused on improving our long-term financial performance , enhancing our market positions , and expanding our existing and complementary product lines . we seek to obtain businesses for attractive post-synergy multiples , creating value for our stockholders from synergy realization , leveraging the acquired products across our customer base , creating new platforms for future growth , and assuming best practices from the businesses we acquire . the company has included the expected benefits of acquisition integrations and restructuring plans within our unrealized synergies , which are in turn recognized in earnings after an acquisition has been fully integrated or the restructuring plan is completed . while the expected benefits on earnings is estimated at the commencement of each transaction , once the execution of the plan and integration occur , we are generally unable to accurately estimate or track what the ultimate effects have been due to system integrations and movements of activities to multiple facilities . as historical business combinations and restructuring plans have not allowed us to accurately separate realized synergies compared to what was initially identified , we measure the synergy realization based on the overall segment profitability post integration . clopay plastic products company , inc. in november 2017 , the company entered into a definitive purchase agreement to acquire all of the outstanding shares of clopay plastic products company , inc. ( `` clopay `` ) for a purchase price of approximately $ 475 million which is preliminary and subject to adjustment and is intended to be funded with existing liquidity or an additional debt offering . clopay manufactures printed breathable films and is an innovator in the development of elastic films and laminates with product offerings uniquely designed for applications used in a number of markets including : hygiene , healthcare , construction and industrial protective apparel . clopay reported $ 461 million in sales for its fiscal year ended september 30 , 2017 and will be operated within the health , hygiene and specialties segment upon completion of the transaction . the completion of the clopay acquisition is subject to certain closing conditions and the terms and conditions of the purchase agreement . the company expects to realize annual cost synergies of approximately $ 20 million from the completion of the clopay transaction . 13 aep industries inc. in january 2017 , the company acquired aep industries inc. ( `` aep `` ) for a purchase price of $ 791 million , net of cash acquired . a portion of the purchase price consisted of issuing 6.4 million of berry common shares which were valued at $ 324 million at the time of closing . aep manufactures and markets an extensive and diverse line of polyethylene and polyvinyl chloride flexible plastic packaging products with consumer , industrial , and agricultural applications . the acquired business is operated in our engineered materials segment . story_separator_special_tag currency translation losses are primarily related to non-u.s. subsidiaries with a functional currency other than the u.s. dollar whereby assets and liabilities are translated from the respective functional currency into u.s. dollars using period-end exchange rates . the change in currency translation losses were primarily attributed to locations utilizing the euro , pound sterling , and brazilian real as their functional currency . unrealized losses on pension plans in the current period were primarily attributable to actuarial losses from the reduction in the underlying discount rate and application of the new mortality tables . as part of the overall risk management , the company uses derivative instruments to reduce exposure to changes in interest rates attributed to the company 's floating-rate borrowings and records changes to the fair value of these instruments in accumulated other comprehensive income . the change in fair value of these instruments in fiscal 2016 versus fiscal 2015 is primarily attributed to a change in the forward interest curve between measurement dates . story_separator_special_tag any other measure determined in accordance with gaap . we use adjusted free cash flow as a measure of liquidity because it assists us in assessing our company 's ability to fund its growth through its generation of cash , and believe it is useful to investors for such purpose . in addition , adjusted free cash flow and similar measures are widely used by investors , securities analysts and other interested parties in our industry to measure a company 's liquidity . adjusted free cash flow may be calculated differently by other companies , including other companies in our industry , limiting its usefulness as a comparative measure . 19 liquidity outlook at the end of fiscal 2017 , our cash balance was $ 306 million , of which approximately 92 % was located outside the u.s. the company has deemed cash located outside the u.s. to be indefinitely reinvested and will use for future international expansion . we believe our existing u.s. based cash and cash flow from u.s. operations , together with available borrowings under our senior secured credit facilities , will be adequate to meet our liquidity needs over the next twelve months . we do not expect our free cash flow to be sufficient to cover all long-term debt obligations and intend to refinance these obligations prior to maturity . however , we can not predict our future results of operations and our ability to meet our obligations involves numerous risks and uncertainties , including , but not limited to , those described in the `` risk factors `` section in this form 10-k. critical accounting policies and estimates we disclose those accounting policies that we consider to be significant in determining the amounts to be utilized for communicating our consolidated financial position , results of operations and cash flows in the first note to our consolidated financial statements included elsewhere herein . our discussion and analysis of our financial condition and results of operations are based on our consolidated financial statements , which have been prepared in accordance with accounting principles generally accepted in the u.s. the preparation of financial statements in conformity with these principles requires management to make estimates and assumptions that affect amounts reported in the financial statements and accompanying notes . our estimates and judgments are based on historical experience and on various other factors that are believed to be reasonable under the circumstances . actual results may differ from these estimates under different assumptions or conditions . revenue recognition . revenue from the sales of products is recognized at the time title and risks and rewards of ownership pass to the customer ( either when the products reach the free-on-board shipping point or destination depending on the contractual terms ) , there is persuasive evidence of an arrangement , the sales price is fixed and determinable and collection is reasonably assured . accrued rebates . we offer various rebates to our customers in exchange for their purchases . these rebate programs are individually negotiated with our customers and contain a variety of different terms and conditions . certain rebates are calculated as flat percentages of purchases , while others include tiered volume incentives . these rebates may be payable monthly , quarterly , or annually . the calculation of the accrued rebate balance involves significant management estimates , especially where the terms of the rebate involve tiered volume levels that require estimates of expected annual sales . these provisions are based on estimates derived from current program requirements and historical experience . we use all available information when calculating these reserves . our accrual for customer rebates was $ 58 million and $ 54 million as of the end of fiscal 2017 and 2016 , respectively . impairments of long-lived assets . in accordance with the guidance from the fasb for the impairment or disposal of long-lived assets we review long-lived assets for impairment whenever events or changes in circumstances indicate the carrying amount of such assets may not be recoverable . impairment losses are recorded on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets ' carrying amounts . the impairment loss is measured by comparing the fair value of the asset to its carrying amount . we recognized non-cash asset impairment of long-lived assets of $ 2 million , $ 3 million and $ 2 million in fiscal 2017 , 2016 and 2015 , respectively . goodwill and other indefinite lived intangible assets . we evaluate goodwill using a qualitative assessment to determine whether it is more likely than not that the fair value of any reporting unit is less that the carrying amount . if we determine that the fair value of the reporting unit may be less than its carrying amount , we evaluate the goodwill of that reporting unit using the one-step impairment test . otherwise ,

liquidity and capital resources term loans in january 2017 , in order to finance the aep acquisition , the company entered into an incremental assumption agreement to increase the commitments under the existing term loan credit agreement by $ 500 million , maturing in january 2024. based on market conditions , from time to time , the company may reprice existing term loans in order to lower interest rates . as a result of repricing activities , each of the company 's term loans currently bear interest at libor plus 2.25 % with a 0 % libor floor . all other terms remain unchanged ( see footnote 3 to the notes to the consolidated financial statements incorporated herein ) . senior secured credit facility we manage our global cash requirements considering ( i ) available funds among the many subsidiaries through which we conduct business , ( ii ) the geographic location of our liquidity needs , and ( iii ) the cost to access international cash balances . in march 2017 , we entered into an agreement to increase our asset-based revolving line of credit that matures in may 2020 by $ 100 million to $ 750 million . at the end of fiscal 2017 , there was no outstanding balance on the revolving credit facility .


 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 term loans in january 2017 , in order to finance the aep acquisition , the company entered into an incremental assumption agreement to increase the commitments under the existing term loan credit agreement by $ 500 million , maturing in january 2024. based on market conditions , from time to time , the company may reprice existing term loans in order to lower interest rates . as a result of repricing activities , each of the company 's term loans currently bear interest at libor plus 2.25 % with a 0 % libor floor . all other terms remain unchanged ( see footnote 3 to the notes to the consolidated financial statements incorporated herein ) . senior secured credit facility we manage our global cash requirements considering ( i ) available funds among the many subsidiaries through which we conduct business , ( ii ) the geographic location of our liquidity needs , and ( iii ) the cost to access international cash balances . in march 2017 , we entered into an agreement to increase our asset-based revolving line of credit that matures in may 2020 by $ 100 million to $ 750 million . at the end of fiscal 2017 , there was no outstanding balance on the revolving credit facility .
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 Suspicious Activity Report : the three month simple average price per pound , as published by the american market indexes , were as follows : replace_table_token_4_th due to differences in the timing of passing through resin cost changes to our customers on escalator/de-escalator programs , segments are negatively impacted in the short term when plastic resin costs increase and are positively impacted in the short term when plastic resin costs decrease . this timing lag in passing through raw material cost changes could affect our results as plastic resin costs fluctuate . outlook . the company is impacted by general economic and industrial growth , plastic resin availability and affordability , and general industrial production . our business has both geographic and end-market diversity , which reduces the effect of any one of these factors on our overall performance . our results are affected by our ability to pass through raw material cost changes to our customers , improve manufacturing productivity and adapt to volume changes of our customers . we believe there are long term growth opportunities within the health , pharmaceuticals , personal care and food packaging markets existing outside of north america , especially in asia , where expected per capita consumption increases should result in organic market growth . in addition , while we continue to believe that long term dynamics of the resin markets will be an advantage to berry , the short term challenges to regional transportation systems and higher raw material prices for certain inputs as a result of recent storm disruptions , as well as macroeconomic pressures in south america could create modest short-term headwinds for early fiscal 2018. for fiscal 2018 , we project cash flow from operations and adjusted free cash flow of $ 965 million and $ 610 million , respectively . while we expect the recent raw material inflation to result in increases to working capital in the beginning of fiscal 2018 , our annual projections assume flat working capital as we believe raw materials will normalize as the year progresses . additionally , our capital spending and cash interest costs are forecasted to be $ 320 million and $ 250 million , respectively . within our adjusted free cash flow guidance , we are also assuming cash taxes to be $ 210 million , including a $ 35 million payment in the first quarter under the company 's tax receivable agreement , along with other cash uses of $ 40 million related to items such as acquisition integration expenses and costs to achieve synergies . these estimates and assumptions do not include our most recent definitive agreement to acquire clopay . for the definition of adjusted free cash flow and further information related to adjusted free cash flow as a non-gaap financial measure , see `` liquidity and capital resources . `` recent acquisitions our acquisition strategy is focused on improving our long-term financial performance , enhancing our market positions , and expanding our existing and complementary product lines . we seek to obtain businesses for attractive post-synergy multiples , creating value for our stockholders from synergy realization , leveraging the acquired products across our customer base , creating new platforms for future growth , and assuming best practices from the businesses we acquire . the company has included the expected benefits of acquisition integrations and restructuring plans within our unrealized synergies , which are in turn recognized in earnings after an acquisition has been fully integrated or the restructuring plan is completed . while the expected benefits on earnings is estimated at the commencement of each transaction , once the execution of the plan and integration occur , we are generally unable to accurately estimate or track what the ultimate effects have been due to system integrations and movements of activities to multiple facilities . as historical business combinations and restructuring plans have not allowed us to accurately separate realized synergies compared to what was initially identified , we measure the synergy realization based on the overall segment profitability post integration . clopay plastic products company , inc. in november 2017 , the company entered into a definitive purchase agreement to acquire all of the outstanding shares of clopay plastic products company , inc. ( `` clopay `` ) for a purchase price of approximately $ 475 million which is preliminary and subject to adjustment and is intended to be funded with existing liquidity or an additional debt offering . clopay manufactures printed breathable films and is an innovator in the development of elastic films and laminates with product offerings uniquely designed for applications used in a number of markets including : hygiene , healthcare , construction and industrial protective apparel . clopay reported $ 461 million in sales for its fiscal year ended september 30 , 2017 and will be operated within the health , hygiene and specialties segment upon completion of the transaction . the completion of the clopay acquisition is subject to certain closing conditions and the terms and conditions of the purchase agreement . the company expects to realize annual cost synergies of approximately $ 20 million from the completion of the clopay transaction . 13 aep industries inc. in january 2017 , the company acquired aep industries inc. ( `` aep `` ) for a purchase price of $ 791 million , net of cash acquired . a portion of the purchase price consisted of issuing 6.4 million of berry common shares which were valued at $ 324 million at the time of closing . aep manufactures and markets an extensive and diverse line of polyethylene and polyvinyl chloride flexible plastic packaging products with consumer , industrial , and agricultural applications . the acquired business is operated in our engineered materials segment . story_separator_special_tag currency translation losses are primarily related to non-u.s. subsidiaries with a functional currency other than the u.s. dollar whereby assets and liabilities are translated from the respective functional currency into u.s. dollars using period-end exchange rates . the change in currency translation losses were primarily attributed to locations utilizing the euro , pound sterling , and brazilian real as their functional currency . unrealized losses on pension plans in the current period were primarily attributable to actuarial losses from the reduction in the underlying discount rate and application of the new mortality tables . as part of the overall risk management , the company uses derivative instruments to reduce exposure to changes in interest rates attributed to the company 's floating-rate borrowings and records changes to the fair value of these instruments in accumulated other comprehensive income . the change in fair value of these instruments in fiscal 2016 versus fiscal 2015 is primarily attributed to a change in the forward interest curve between measurement dates . story_separator_special_tag any other measure determined in accordance with gaap . we use adjusted free cash flow as a measure of liquidity because it assists us in assessing our company 's ability to fund its growth through its generation of cash , and believe it is useful to investors for such purpose . in addition , adjusted free cash flow and similar measures are widely used by investors , securities analysts and other interested parties in our industry to measure a company 's liquidity . adjusted free cash flow may be calculated differently by other companies , including other companies in our industry , limiting its usefulness as a comparative measure . 19 liquidity outlook at the end of fiscal 2017 , our cash balance was $ 306 million , of which approximately 92 % was located outside the u.s. the company has deemed cash located outside the u.s. to be indefinitely reinvested and will use for future international expansion . we believe our existing u.s. based cash and cash flow from u.s. operations , together with available borrowings under our senior secured credit facilities , will be adequate to meet our liquidity needs over the next twelve months . we do not expect our free cash flow to be sufficient to cover all long-term debt obligations and intend to refinance these obligations prior to maturity . however , we can not predict our future results of operations and our ability to meet our obligations involves numerous risks and uncertainties , including , but not limited to , those described in the `` risk factors `` section in this form 10-k. critical accounting policies and estimates we disclose those accounting policies that we consider to be significant in determining the amounts to be utilized for communicating our consolidated financial position , results of operations and cash flows in the first note to our consolidated financial statements included elsewhere herein . our discussion and analysis of our financial condition and results of operations are based on our consolidated financial statements , which have been prepared in accordance with accounting principles generally accepted in the u.s. the preparation of financial statements in conformity with these principles requires management to make estimates and assumptions that affect amounts reported in the financial statements and accompanying notes . our estimates and judgments are based on historical experience and on various other factors that are believed to be reasonable under the circumstances . actual results may differ from these estimates under different assumptions or conditions . revenue recognition . revenue from the sales of products is recognized at the time title and risks and rewards of ownership pass to the customer ( either when the products reach the free-on-board shipping point or destination depending on the contractual terms ) , there is persuasive evidence of an arrangement , the sales price is fixed and determinable and collection is reasonably assured . accrued rebates . we offer various rebates to our customers in exchange for their purchases . these rebate programs are individually negotiated with our customers and contain a variety of different terms and conditions . certain rebates are calculated as flat percentages of purchases , while others include tiered volume incentives . these rebates may be payable monthly , quarterly , or annually . the calculation of the accrued rebate balance involves significant management estimates , especially where the terms of the rebate involve tiered volume levels that require estimates of expected annual sales . these provisions are based on estimates derived from current program requirements and historical experience . we use all available information when calculating these reserves . our accrual for customer rebates was $ 58 million and $ 54 million as of the end of fiscal 2017 and 2016 , respectively . impairments of long-lived assets . in accordance with the guidance from the fasb for the impairment or disposal of long-lived assets we review long-lived assets for impairment whenever events or changes in circumstances indicate the carrying amount of such assets may not be recoverable . impairment losses are recorded on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets ' carrying amounts . the impairment loss is measured by comparing the fair value of the asset to its carrying amount . we recognized non-cash asset impairment of long-lived assets of $ 2 million , $ 3 million and $ 2 million in fiscal 2017 , 2016 and 2015 , respectively . goodwill and other indefinite lived intangible assets . we evaluate goodwill using a qualitative assessment to determine whether it is more likely than not that the fair value of any reporting unit is less that the carrying amount . if we determine that the fair value of the reporting unit may be less than its carrying amount , we evaluate the goodwill of that reporting unit using the one-step impairment test . otherwise ,

