other significant items impacting the financial results for 2018 , 2017 , and 2016 are as follows : 2018 : effective january 1 , 2018 , we adopted a new standard on revenue recognition ( “ asc 606 ” ) using the modified retrospective transition approach - see notes 1 , 3 and 5 to our consolidated financial statements for additional details : ◦ the most significant effect of adopting asc 606 is on our power transformer business . ◦ the adoption of asc 606 resulted in an increase in revenues of $ 14.2 and an increase in operating income of $ 2.0 during 2018 as compared to the amounts that would have been recorded under the prior revenue recognition standard . on march 1 , 2018 , we completed the acquisition of schonstedt - see notes 1 and 4 to our consolidated financial statements for additional details : ◦ the purchase price for schonstedt was $ 16.4 , net of cash acquired of $ 0.3 . ◦ schonstedt 's revenues for the twelve months prior to the date of acquisition were approximately $ 9.0 . ◦ the post-acquisition operating results of schonstedt are reflected within our detection and measurement reportable segment . 22 on march 8 , 2018 , we settled our then-existing interest rate swap agreement ( “ old swaps ” ) and entered into a new interest rate swap agreement ( “ new swaps ” ) - see note 13 to our consolidated financial statements for additional details : ◦ old swaps ▪ we discontinued hedge accounting for the old swaps in the fourth quarter of 2017 in connection with an amendment of our senior credit agreement . ▪ during the three months ended march 31 , 2018 , we recorded a gain of $ 0.6 ( to “ other expense , net ” ) representing the change in fair value of the old swaps from january 1 , 2018 through the date of settlement on march 8 , 2018 . ◦ new swaps ▪ the new swaps have an initial notional amount of $ 260.0 and effectively convert a portion of our borrowings under our senior credit agreement to a fixed interest rate of 2.535 % , plus the applicable margin . ▪ we have designated , and are accounting for , the new swaps as cash flow hedges . on april 30 , 2018 , we reached an agreement with a subsidiary of mutares ag , the acquirer of balcke dürr in 2016 ( the “ buyer ” ) , on ( i ) the amount of cash and working capital of balcke dürr at the closing date of the sale and ( ii ) various other matters . the settlement resulted in : ◦ a net payment from the buyer in the amount of euro 3.0 ; and ◦ a gain , net of tax , of $ 3.8 , which was recorded to “ gain ( loss ) on disposition of discontinued operations , net of tax ” during 2018. on june 7 , 2018 , we completed the acquisition of cues - see notes 1 and 4 to our consolidated financial statements for additional details : ◦ the purchase price for cues was $ 164.4 , net of cash acquired of $ 20.6 . ◦ cues ' revenues for the twelve months prior to the acquisition were approximately $ 84.0 . ◦ the post-acquisition operating results of cues are reflected within our detection and measurement reportable segment . during the second quarter of 2018 , as a continuation of our strategic shift away from power generation end markets , we initiated a plan to wind-down the heat transfer business . ◦ in connection with the planned wind-down , we recorded charges of $ 3.5 during 2018 with $ 0.9 related to the write-down of inventories ( included in “ cost of products sold ” ) , $ 0.6 related to the impairment of machinery and equipment and $ 2.0 related to severance costs ( both included in “ special charges , net ” ) . ◦ in addition , we sold certain intangible assets of the heat transfer business for net cash proceeds of $ 4.8 , which resulted in a gain of less than $ 0.1 within our 2018 operating results . ◦ we anticipate completing the wind-down during the first half of 2019. actuarial losses on pension and postretirement plans ( see notes 1 and 10 to our consolidated financial statements for additional details ) - we recorded net actuarial losses of $ 6.6 in the fourth quarter of 2018 in connection with the annual remeasurement of our pension and postretirement plans . 2017 : income tax matters ( see notes 1 and 11 to our consolidated financial statements for additional details ) : ◦ during the fourth quarter of 2017 , we recorded an income tax benefit of $ 77.6 for a worthless stock deduction in the u.s. associated with our investment in a south african subsidiary . ◦ on december 22 , 2017 , the act was enacted which significantly changes u.s. income tax law for businesses and individuals . as a result of the act , we recorded provisional net income tax charges of $ 11.8 during the fourth quarter of 2017. gain from a contract settlement - during the third quarter of 2017 , we settled a contract that had been suspended and then ultimately cancelled by a customer . in connection with the settlement , we : ◦ received cash proceeds of $ 9.0 and other consideration ; and ◦ recorded a gain of $ 10.2. amendment of senior credit agreement - on december 19 , 2017 , we amended our senior credit agreement ( see note 12 to our consolidated financial statements for additional details ) . story_separator_special_tag results of discontinued operations sale of balcke dürr business as indicated in note 1 to our consolidated financial statements , on december 30 , 2016 , we completed the sale of balcke dürr for cash proceeds of less than $ 0.1 . in addition , we left $ 21.1 of cash in balcke dürr at the time of the sale . in connection with the sale , we recorded a net loss of $ 78.6 to “ gain ( loss ) on disposition of discontinued operations , net of tax ” during the fourth quarter of 2016 . 27 the results of balcke dürr are presented as a discontinued operation . major classes of line items constituting pre-tax loss and after-tax loss of balcke dürr for the year ended december 31 , 2016 are shown below : replace_table_token_5_th the following table presents selected financial information for balcke dürr that is included within discontinued operations in the consolidated statement of cash flows for the year ended december 31 , 2016 : non-cash items included in income ( loss ) from discontinued operations , net of tax depreciation and amortization $ 2.0 capital expenditures 0.7 during 2017 , we reduced the net loss associated with the sale of balcke dürr by $ 6.8 . the reduction was comprised of an additional income tax benefit recorded for the sale of $ 9.4 , partially offset by the impact of adjustments to liabilities retained in connection with the sale and certain other adjustments . during the second quarter of 2018 , we reached a settlement with the buyer on the amount of cash and working capital at the closing date , as well as on various other matters , for a net payment from the buyer in the amount of euro 3.0 . the settlement resulted in a gain , net of tax , of $ 3.8 , which was recorded to “ gain ( loss ) on disposition of discontinued operations , net of tax ” during the second quarter of 2018. see note 4 to our consolidated financial statements for information on discontinued operations . other discontinued operations activity in addition to the businesses discussed above , we recognized net losses of $ 0.8 , $ 1.5 and $ 2.7 during 2018 , 2017 and 2016 , respectively , resulting from adjustments to gains/losses on dispositions of businesses discontinued prior to 2016. changes in estimates associated with liabilities retained in connection with a business divestiture ( e.g . , income taxes ) may occur . as a result , it is possible that the resulting gains/losses on these and other previous divestitures may be materially adjusted in subsequent periods . 28 for the years ended december 31 , 2018 , 2017 and 2016 , results of operations from our businesses reported as discontinued operations were as follows : replace_table_token_6_th other dispositions sale of dry cooling business as indicated in note 1 to our consolidated financial statements , on march 30 , 2016 , we completed the sale of our dry cooling business for cash proceeds for $ 47.6 ( net of cash transferred with the business of $ 3.0 ) . in connection with the sale , we recorded a gain of $ 18.4 . results of reportable and other operating segments the following information should be read in conjunction with our consolidated financial statements and related notes . these results exclude the operating results of discontinued operations for all periods presented . see note 6 to our consolidated financial statements for a description of each of our reportable segments . non-gaap measures — throughout the following discussion of reportable and other operating segments , we use “ organic revenue ” growth ( decline ) to facilitate explanation of the operating performance of our segments . organic revenue growth ( decline ) is a non-gaap financial measure , and is not a substitute for net revenue growth ( decline ) . refer to the explanation of this measure and purpose of use by management under “ results of continuing operations — non-gaap measures . ” hvac reportable segment replace_table_token_7_th revenues — for 2018 , the increase in revenues , compared to 2017 , was due to an increase in organic revenue and , to a lesser extent , the impact of a weaker u.s. dollar . the increase in organic revenue was a result of an increase in sales for all of the primary product lines within the segment . for 2017 , the increase in revenues , compared to 2016 , was due to the increase in organic revenue . the increase in organic revenue was due primarily to an increase in sales of cooling products and heating and ventilation products , partially offset by a decline in sales of boiler products . 29 income — for 2018 , income and margin increased , compared to 2017 , primarily as a result of the organic revenue growth noted above . for 2017 , income and margin decreased , compared to 2016 , primarily as a result of a less profitable sales mix associated with the segment 's cooling and boiler products as well as lower absorption of fixed costs within the boiler products business due to the lower sales volumes noted above . backlog — the segment had backlog of $ 46.9 and $ 41.4 as of december 31 , 2018 and 2017 , respectively . approximately 96 % of the segment 's backlog as of december 31 , 2018 is expected to be recognized as revenue during 2019 . detection and measurement reportable segment replace_table_token_8_th revenues — for 2018 , the increase in revenues , compared to 2017 , was primarily due to the impact of the schonstedt and cues acquisitions , partially offset by a decline in organic revenue . the decline in organic revenue was due primarily to lower sales of bus fare collection systems . for 2017 , the increase in revenues , compared to 2016 ,

cash and other commitments our senior credit facilities are payable in full on december 19 , 2022. our term loan is repayable in quarterly installments of 1.25 % of the initial loan amount of $ 350.0 , beginning in the first fiscal quarter of 2019. the remaining balance is repayable in full on december 19 , 2022. we use operating leases to finance certain equipment , vehicles and properties . at december 31 , 2018 , we had $ 31.2 of future minimum rental payments under operating leases with remaining non-cancelable terms in excess of one year . capital expenditures for 2018 totaled $ 12.4 , compared to $ 11.0 and $ 11.7 in 2017 and 2016 , respectively . capital expenditures in 2018 related primarily to upgrades to manufacturing facilities , including replacement of equipment . we expect 2019 capital expenditures to approximate $ 15.0 to $ 20.0 , with a significant portion related to replacement of equipment . in 2018 , we made contributions and direct benefit payments of $ 15.6 to our defined benefit pension and postretirement benefit plans . we expect to make $ 15.3 of minimum required funding contributions and direct benefit payments in 2019. our pension plans have not experienced any liquidity difficulties or counterparty defaults due to the volatility in the credit markets . our pension funds earned asset returns of approximately ( 5.0 ) % in 2018. see note 10 to our consolidated financial statements for further disclosure of expected future contributions and benefit payments .


 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 and other commitments our senior credit facilities are payable in full on december 19 , 2022. our term loan is repayable in quarterly installments of 1.25 % of the initial loan amount of $ 350.0 , beginning in the first fiscal quarter of 2019. the remaining balance is repayable in full on december 19 , 2022. we use operating leases to finance certain equipment , vehicles and properties . at december 31 , 2018 , we had $ 31.2 of future minimum rental payments under operating leases with remaining non-cancelable terms in excess of one year . capital expenditures for 2018 totaled $ 12.4 , compared to $ 11.0 and $ 11.7 in 2017 and 2016 , respectively . capital expenditures in 2018 related primarily to upgrades to manufacturing facilities , including replacement of equipment . we expect 2019 capital expenditures to approximate $ 15.0 to $ 20.0 , with a significant portion related to replacement of equipment . in 2018 , we made contributions and direct benefit payments of $ 15.6 to our defined benefit pension and postretirement benefit plans . we expect to make $ 15.3 of minimum required funding contributions and direct benefit payments in 2019. our pension plans have not experienced any liquidity difficulties or counterparty defaults due to the volatility in the credit markets . our pension funds earned asset returns of approximately ( 5.0 ) % in 2018. see note 10 to our consolidated financial statements for further disclosure of expected future contributions and benefit payments .
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 Suspicious Activity Report : other significant items impacting the financial results for 2018 , 2017 , and 2016 are as follows : 2018 : effective january 1 , 2018 , we adopted a new standard on revenue recognition ( “ asc 606 ” ) using the modified retrospective transition approach - see notes 1 , 3 and 5 to our consolidated financial statements for additional details : ◦ the most significant effect of adopting asc 606 is on our power transformer business . ◦ the adoption of asc 606 resulted in an increase in revenues of $ 14.2 and an increase in operating income of $ 2.0 during 2018 as compared to the amounts that would have been recorded under the prior revenue recognition standard . on march 1 , 2018 , we completed the acquisition of schonstedt - see notes 1 and 4 to our consolidated financial statements for additional details : ◦ the purchase price for schonstedt was $ 16.4 , net of cash acquired of $ 0.3 . ◦ schonstedt 's revenues for the twelve months prior to the date of acquisition were approximately $ 9.0 . ◦ the post-acquisition operating results of schonstedt are reflected within our detection and measurement reportable segment . 22 on march 8 , 2018 , we settled our then-existing interest rate swap agreement ( “ old swaps ” ) and entered into a new interest rate swap agreement ( “ new swaps ” ) - see note 13 to our consolidated financial statements for additional details : ◦ old swaps ▪ we discontinued hedge accounting for the old swaps in the fourth quarter of 2017 in connection with an amendment of our senior credit agreement . ▪ during the three months ended march 31 , 2018 , we recorded a gain of $ 0.6 ( to “ other expense , net ” ) representing the change in fair value of the old swaps from january 1 , 2018 through the date of settlement on march 8 , 2018 . ◦ new swaps ▪ the new swaps have an initial notional amount of $ 260.0 and effectively convert a portion of our borrowings under our senior credit agreement to a fixed interest rate of 2.535 % , plus the applicable margin . ▪ we have designated , and are accounting for , the new swaps as cash flow hedges . on april 30 , 2018 , we reached an agreement with a subsidiary of mutares ag , the acquirer of balcke dürr in 2016 ( the “ buyer ” ) , on ( i ) the amount of cash and working capital of balcke dürr at the closing date of the sale and ( ii ) various other matters . the settlement resulted in : ◦ a net payment from the buyer in the amount of euro 3.0 ; and ◦ a gain , net of tax , of $ 3.8 , which was recorded to “ gain ( loss ) on disposition of discontinued operations , net of tax ” during 2018. on june 7 , 2018 , we completed the acquisition of cues - see notes 1 and 4 to our consolidated financial statements for additional details : ◦ the purchase price for cues was $ 164.4 , net of cash acquired of $ 20.6 . ◦ cues ' revenues for the twelve months prior to the acquisition were approximately $ 84.0 . ◦ the post-acquisition operating results of cues are reflected within our detection and measurement reportable segment . during the second quarter of 2018 , as a continuation of our strategic shift away from power generation end markets , we initiated a plan to wind-down the heat transfer business . ◦ in connection with the planned wind-down , we recorded charges of $ 3.5 during 2018 with $ 0.9 related to the write-down of inventories ( included in “ cost of products sold ” ) , $ 0.6 related to the impairment of machinery and equipment and $ 2.0 related to severance costs ( both included in “ special charges , net ” ) . ◦ in addition , we sold certain intangible assets of the heat transfer business for net cash proceeds of $ 4.8 , which resulted in a gain of less than $ 0.1 within our 2018 operating results . ◦ we anticipate completing the wind-down during the first half of 2019. actuarial losses on pension and postretirement plans ( see notes 1 and 10 to our consolidated financial statements for additional details ) - we recorded net actuarial losses of $ 6.6 in the fourth quarter of 2018 in connection with the annual remeasurement of our pension and postretirement plans . 2017 : income tax matters ( see notes 1 and 11 to our consolidated financial statements for additional details ) : ◦ during the fourth quarter of 2017 , we recorded an income tax benefit of $ 77.6 for a worthless stock deduction in the u.s. associated with our investment in a south african subsidiary . ◦ on december 22 , 2017 , the act was enacted which significantly changes u.s. income tax law for businesses and individuals . as a result of the act , we recorded provisional net income tax charges of $ 11.8 during the fourth quarter of 2017. gain from a contract settlement - during the third quarter of 2017 , we settled a contract that had been suspended and then ultimately cancelled by a customer . in connection with the settlement , we : ◦ received cash proceeds of $ 9.0 and other consideration ; and ◦ recorded a gain of $ 10.2. amendment of senior credit agreement - on december 19 , 2017 , we amended our senior credit agreement ( see note 12 to our consolidated financial statements for additional details ) . story_separator_special_tag results of discontinued operations sale of balcke dürr business as indicated in note 1 to our consolidated financial statements , on december 30 , 2016 , we completed the sale of balcke dürr for cash proceeds of less than $ 0.1 . in addition , we left $ 21.1 of cash in balcke dürr at the time of the sale . in connection with the sale , we recorded a net loss of $ 78.6 to “ gain ( loss ) on disposition of discontinued operations , net of tax ” during the fourth quarter of 2016 . 27 the results of balcke dürr are presented as a discontinued operation . major classes of line items constituting pre-tax loss and after-tax loss of balcke dürr for the year ended december 31 , 2016 are shown below : replace_table_token_5_th the following table presents selected financial information for balcke dürr that is included within discontinued operations in the consolidated statement of cash flows for the year ended december 31 , 2016 : non-cash items included in income ( loss ) from discontinued operations , net of tax depreciation and amortization $ 2.0 capital expenditures 0.7 during 2017 , we reduced the net loss associated with the sale of balcke dürr by $ 6.8 . the reduction was comprised of an additional income tax benefit recorded for the sale of $ 9.4 , partially offset by the impact of adjustments to liabilities retained in connection with the sale and certain other adjustments . during the second quarter of 2018 , we reached a settlement with the buyer on the amount of cash and working capital at the closing date , as well as on various other matters , for a net payment from the buyer in the amount of euro 3.0 . the settlement resulted in a gain , net of tax , of $ 3.8 , which was recorded to “ gain ( loss ) on disposition of discontinued operations , net of tax ” during the second quarter of 2018. see note 4 to our consolidated financial statements for information on discontinued operations . other discontinued operations activity in addition to the businesses discussed above , we recognized net losses of $ 0.8 , $ 1.5 and $ 2.7 during 2018 , 2017 and 2016 , respectively , resulting from adjustments to gains/losses on dispositions of businesses discontinued prior to 2016. changes in estimates associated with liabilities retained in connection with a business divestiture ( e.g . , income taxes ) may occur . as a result , it is possible that the resulting gains/losses on these and other previous divestitures may be materially adjusted in subsequent periods . 28 for the years ended december 31 , 2018 , 2017 and 2016 , results of operations from our businesses reported as discontinued operations were as follows : replace_table_token_6_th other dispositions sale of dry cooling business as indicated in note 1 to our consolidated financial statements , on march 30 , 2016 , we completed the sale of our dry cooling business for cash proceeds for $ 47.6 ( net of cash transferred with the business of $ 3.0 ) . in connection with the sale , we recorded a gain of $ 18.4 . results of reportable and other operating segments the following information should be read in conjunction with our consolidated financial statements and related notes . these results exclude the operating results of discontinued operations for all periods presented . see note 6 to our consolidated financial statements for a description of each of our reportable segments . non-gaap measures — throughout the following discussion of reportable and other operating segments , we use “ organic revenue ” growth ( decline ) to facilitate explanation of the operating performance of our segments . organic revenue growth ( decline ) is a non-gaap financial measure , and is not a substitute for net revenue growth ( decline ) . refer to the explanation of this measure and purpose of use by management under “ results of continuing operations — non-gaap measures . ” hvac reportable segment replace_table_token_7_th revenues — for 2018 , the increase in revenues , compared to 2017 , was due to an increase in organic revenue and , to a lesser extent , the impact of a weaker u.s. dollar . the increase in organic revenue was a result of an increase in sales for all of the primary product lines within the segment . for 2017 , the increase in revenues , compared to 2016 , was due to the increase in organic revenue . the increase in organic revenue was due primarily to an increase in sales of cooling products and heating and ventilation products , partially offset by a decline in sales of boiler products . 29 income — for 2018 , income and margin increased , compared to 2017 , primarily as a result of the organic revenue growth noted above . for 2017 , income and margin decreased , compared to 2016 , primarily as a result of a less profitable sales mix associated with the segment 's cooling and boiler products as well as lower absorption of fixed costs within the boiler products business due to the lower sales volumes noted above . backlog — the segment had backlog of $ 46.9 and $ 41.4 as of december 31 , 2018 and 2017 , respectively . approximately 96 % of the segment 's backlog as of december 31 , 2018 is expected to be recognized as revenue during 2019 . detection and measurement reportable segment replace_table_token_8_th revenues — for 2018 , the increase in revenues , compared to 2017 , was primarily due to the impact of the schonstedt and cues acquisitions , partially offset by a decline in organic revenue . the decline in organic revenue was due primarily to lower sales of bus fare collection systems . for 2017 , the increase in revenues , compared to 2016 ,

