these initiatives are designed to reduce costs associated with direct materials , indirect expenses , distribution and logistics , and advertising and promotional materials , among other things , and encompass a wide range of projects , examples of which include raw material substitution , reduction of packaging materials , consolidating suppliers to leverage volumes and increasing manufacturing efficiency through sku reductions and formulation simplification . the company also continues to prioritize its investments toward its higher margin businesses , specifically oral care , personal care and pet nutrition . 18 ( dollars in millions except per share amounts ) significant items impacting comparability on december 22 , 2017 , the tax cuts and jobs act ( the “ tcja ” or “ u.s . tax reform ” ) was enacted , which , among other things , lowered the u.s. corporate income tax rate to 21 % from 35 % and established a modified territorial system requiring a mandatory deemed repatriation tax on undistributed earnings of foreign subsidiaries . beginning in 2018 , the tcja also requires a minimum tax on certain future earnings generated by foreign subsidiaries while providing for future tax-free repatriation of such earnings through a 100 % dividends-received deduction . the company recorded a provisional charge of $ 275 based on its initial analysis of the tcja using available information and estimates . as a result , applicable u.s. and foreign taxes have been provided on substantially all of the company 's accumulated earnings of foreign subsidiaries previously considered indefinitely reinvested . given the significant complexity of the tcja , anticipated guidance from the u.s. treasury about implementing the tcja and the potential for additional guidance from the sec or the fasb related to the tcja or additional information becoming available , the company 's provisional charge may be adjusted during 2018 and is expected to be finalized no later than the fourth quarter of 2018. other provisions of the tcja that impact future tax years are still being assessed . refer to “ results of operations – income taxes ” below for additional details . in september 2016 , the company 's mexican subsidiary completed the sale to the united states of america of the mexico city site on which its commercial operations , technology center and soap production facility were previously located and received $ 60 as the third and final installment of the sale price . the total sale price ( including the third installment and the previously received first and second installments ) was $ 120 . the company recognized a pretax gain of $ 97 ( $ 63 aftertax gain ) in the third quarter of 2016 , net of costs primarily related to site preparation . in august 2015 , the company completed the sale of its laundry detergent business in the south pacific to henkel ag & co. kgaa for an aggregate purchase price of approximately 310 australian dollars ( $ 221 ) and recorded a pretax gain of $ 187 ( $ 120 aftertax or $ 0.13 per diluted share ) in other ( income ) expense , net . the gain is net of charges related to the right-sizing of the company 's south pacific business , asset write-offs related to the divested laundry detergent business and other costs related to the sale . effective december 31 , 2015 , the company concluded it no longer met the accounting criteria for consolidation of its venezuelan subsidiary ( “ cp venezuela ” ) and began accounting for cp venezuela using the cost method of accounting . as such , effective december 31 , 2015 , the company 's consolidated balance sheet no longer includes the assets and liabilities of cp venezuela . as a result of this change in accounting , the company recorded an aftertax charge of $ 1,058 ( $ 1,084 pretax ) or $ 1.16 per diluted share in 2015. the charge primarily consists of an impairment of the company 's investment in cp venezuela of $ 952 , which includes intercompany receivables from cp venezuela , and $ 111 related to the reclassification of cumulative translation losses . prior periods have not been restated and cp venezuela 's net sales , operating profit and net income are included in the company 's consolidated statements of income through december 31 , 2015. see note 14 , venezuela to the consolidated financial statements for additional details . since january 1 , 2016 , under the cost method of accounting , the company no longer includes the local operating results of cp venezuela in its consolidated financial statements and includes income relating to cp venezuela only to the extent it receives cash for sales of inventory to cp venezuela or for dividends or royalties remitted by cp venezuela , all of which have been immaterial . although cp venezuela 's local operating results are no longer included in the company 's consolidated financial statements for accounting purposes , under current tax rules , the company is required to continue including cp venezuela in its consolidated u.s. federal income tax return . in the first quarter of 2016 , provision for income taxes included a $ 210 u.s. income tax benefit principally related to changes in venezuela 's foreign exchange regime implemented in march 2016. see note 11 , income taxes to the consolidated financial statements for additional details . prior to the change in accounting , cp venezuela 's functional currency was the u.s. dollar since venezuela had been designated hyper-inflationary and , as such , venezuelan currency fluctuations were reported in income . the company remeasured the financial statements of cp venezuela at the end of each month at the rate at which it expected to remit future dividends which , based on the advice of legal counsel , was the sicad rate ( formerly known as the sicad i rate ) . story_separator_special_tag replace_table_token_8_th replace_table_token_9_th interest ( income ) expense , net interest ( income ) expense , net was $ 102 in 2017 compared with $ 99 in 2016 and $ 26 in 2015 . the increase in interest ( income ) expense , net in 2017 as compared to 2016 was primarily due to higher average interest rates on debt . the change in interest ( income ) expense , net from 2015 to 2016 was primarily due to lower interest income on investments held outside the united states , which reflects the impact of the deconsolidation of the company 's venezuelan operations effective december 31 , 2015 , and higher interest expense as a result of higher average interest rates on debt . 25 ( dollars in millions except per share amounts ) income taxes the effective income tax rate in 2017 , 2016 and 2015 was 37.7 % , 30.8 % and 44.0 % , respectively . as reflected in the table below , the non-gaap effective income tax rate was 29.5 % in 2017 and 31.3 % in 2016 and 2015 . the decrease in the non-gaap effective income tax rate in 2017 as compared to 2016 is due primarily to the inclusion of excess tax benefits from stock-based compensation in the provision for income taxes , as discussed in more detail below . replace_table_token_10_th replace_table_token_11_th replace_table_token_12_th _ ( 1 ) the income tax effect on non-gaap items is calculated based upon the tax laws and statutory income tax rates applicable in the tax jurisdiction ( s ) of the underlying non-gaap adjustment . ( 2 ) the impact of non-gaap items on the company 's effective tax rate represents the difference in the effective tax rate calculated with and without the non-gaap adjustment on income before income taxes and provision for income taxes . ( 3 ) see note 14 , venezuela to the consolidated financial statements and “ significant items impacting comparability ” above . 26 ( dollars in millions except per share amounts ) on december 22 , 2017 , the tcja was enacted , which , among other things , lowered the u.s. corporate income tax rate to 21 % from 35 % and established a modified territorial system requiring a mandatory deemed repatriation tax on undistributed earnings of foreign subsidiaries . beginning in 2018 , the tcja also requires a minimum tax on certain future earnings generated by foreign subsidiaries while providing for future tax-free repatriation of such earnings through a 100 % dividends-received deduction . the company 's effective income tax rate in 2017 included a provisional charge of $ 275 related to the tcja using available information and estimates . the provisional charge is comprised of $ 451 related to the one-time deemed repatriation of accumulated earnings of foreign subsidiaries and related withholding taxes and $ 20 related primarily to the remeasurement of net deferred tax assets as a result of the reduction in the corporate income tax rate , which are offset by $ 196 of income taxes which had been previously provided for planned repatriations of undistributed earnings of foreign subsidiaries . as a result , applicable u.s. and foreign taxes have been provided on substantially all of the company 's accumulated earnings of foreign subsidiaries previously considered indefinitely reinvested . given the significant complexity of the tcja , anticipated guidance from the u.s. treasury about implementing the tcja and the potential for additional guidance from the sec or the fasb related to the tcja or additional information becoming available , the company 's provisional charge may be adjusted during 2018 and is expected to be finalized no later than the fourth quarter of 2018. other provisions of the tcja that impact future tax years are still being assessed . the effective income tax rate in 2017 also included $ 47 of stock compensation excess tax benefits in the provision for income taxes as a result of the adoption of asu no . 2016-09 , “ compensation–stock compensation ( topic 718 ) : improvements to employee share-based payment accounting ” effective january 1 , 2017. see note 2 , summary of significant accounting policies - recent accounting pronouncements and note 11 , income taxes to the consolidated financial statements , for additional details . the effective income tax rate in 2016 included a $ 210 u.s. income tax benefit recognized in the first quarter of 2016 principally related to changes in venezuela 's foreign exchange regime implemented in march 2016. although , effective december 31 , 2015 , the operating results of cp venezuela are no longer included in the company 's consolidated financial statements , under current tax rules , the company is required to continue including cp venezuela 's results in its consolidated u.s. federal income tax return . see note 11 , income taxes and note 14 , venezuela to the consolidated financial statements . in order to fully utilize the above mentioned $ 210 tax benefit in 2016 , the company repatriated an incremental $ 1,500 of earnings of foreign subsidiaries it previously considered indefinitely reinvested outside of the u.s. , and accordingly , recorded a tax charge of $ 210 during the first quarter of 2016. the company has taken a tax position in a foreign jurisdiction since 2002 that has been challenged by the local tax authorities . in 2015 , the company became aware of several supreme court rulings in the foreign jurisdiction disallowing certain tax deductions which had the effect of reversing prior decisions . since the company had taken deductions in prior years similar to those now disallowed by the court , the company , as required , reassessed its tax position and increased its unrecognized tax benefits by $ 15 . in 2016 , the supreme court in the foreign jurisdiction decided the matter in the company 's favor for the years 2002 through 2005. also in 2016 , the administrative court in the foreign jurisdiction decided the matter

net cash provided by operations was $ 3,054 in 2017 , compared to $ 3,141 in 2016 and $ 2,949 in 2015 . net cash provided by operations for 2017 decreased as compared to 2016 primarily due to the timing of income tax payments . the increase in 2016 as compared to 2015 was due to strong operating earnings and the timing of income tax payments , partially offset by the impact of the deconsolidation of the company 's venezuelan operations effective december 31 , 2015 and voluntary contributions to employee postretirement plans . the company defines working capital as the difference between current assets ( excluding cash and cash equivalents and marketable securities , the latter of which is reported in other current assets ) and current liabilities ( excluding short-term debt ) . the company 's working capital as a percentage of net sales increased to ( 2.0 ) % in 2017 as compared to ( 2.2 ) % in 2016 , reflecting the company 's continued tight focus on working capital . building on the company 's successful implementation of the global growth and efficiency program , on october 26 , 2017 , the board approved an expansion of the global growth and efficiency program and an extension of the program through december 31 , 2019 to take advantage of additional opportunities to streamline the company 's operations . implementation of the global growth and efficiency program remains on track . including the most recent expansion , total program charges resulting from the global growth and efficiency program are estimated to be in the range of $ 1,730 to $ 1,885 ( $ 1,280 to $ 1,380 aftertax ) . approximately 80 % of total program charges resulting from the global growth and efficiency program are expected to result in cash expenditures . savings from the global growth and efficiency program , substantially all of which are expected to increase future cash flows , are projected to be in the range of $ 560 to $ 635 pretax ( $ 500 to $ 575 aftertax ) annually , once all projects are approved and implemented .


 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.
     ```net cash provided by operations was $ 3,054 in 2017 , compared to $ 3,141 in 2016 and $ 2,949 in 2015 . net cash provided by operations for 2017 decreased as compared to 2016 primarily due to the timing of income tax payments . the increase in 2016 as compared to 2015 was due to strong operating earnings and the timing of income tax payments , partially offset by the impact of the deconsolidation of the company 's venezuelan operations effective december 31 , 2015 and voluntary contributions to employee postretirement plans . the company defines working capital as the difference between current assets ( excluding cash and cash equivalents and marketable securities , the latter of which is reported in other current assets ) and current liabilities ( excluding short-term debt ) . the company 's working capital as a percentage of net sales increased to ( 2.0 ) % in 2017 as compared to ( 2.2 ) % in 2016 , reflecting the company 's continued tight focus on working capital . building on the company 's successful implementation of the global growth and efficiency program , on october 26 , 2017 , the board approved an expansion of the global growth and efficiency program and an extension of the program through december 31 , 2019 to take advantage of additional opportunities to streamline the company 's operations . implementation of the global growth and efficiency program remains on track . including the most recent expansion , total program charges resulting from the global growth and efficiency program are estimated to be in the range of $ 1,730 to $ 1,885 ( $ 1,280 to $ 1,380 aftertax ) . approximately 80 % of total program charges resulting from the global growth and efficiency program are expected to result in cash expenditures . savings from the global growth and efficiency program , substantially all of which are expected to increase future cash flows , are projected to be in the range of $ 560 to $ 635 pretax ( $ 500 to $ 575 aftertax ) annually , once all projects are approved and implemented .
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 Suspicious Activity Report : these initiatives are designed to reduce costs associated with direct materials , indirect expenses , distribution and logistics , and advertising and promotional materials , among other things , and encompass a wide range of projects , examples of which include raw material substitution , reduction of packaging materials , consolidating suppliers to leverage volumes and increasing manufacturing efficiency through sku reductions and formulation simplification . the company also continues to prioritize its investments toward its higher margin businesses , specifically oral care , personal care and pet nutrition . 18 ( dollars in millions except per share amounts ) significant items impacting comparability on december 22 , 2017 , the tax cuts and jobs act ( the “ tcja ” or “ u.s . tax reform ” ) was enacted , which , among other things , lowered the u.s. corporate income tax rate to 21 % from 35 % and established a modified territorial system requiring a mandatory deemed repatriation tax on undistributed earnings of foreign subsidiaries . beginning in 2018 , the tcja also requires a minimum tax on certain future earnings generated by foreign subsidiaries while providing for future tax-free repatriation of such earnings through a 100 % dividends-received deduction . the company recorded a provisional charge of $ 275 based on its initial analysis of the tcja using available information and estimates . as a result , applicable u.s. and foreign taxes have been provided on substantially all of the company 's accumulated earnings of foreign subsidiaries previously considered indefinitely reinvested . given the significant complexity of the tcja , anticipated guidance from the u.s. treasury about implementing the tcja and the potential for additional guidance from the sec or the fasb related to the tcja or additional information becoming available , the company 's provisional charge may be adjusted during 2018 and is expected to be finalized no later than the fourth quarter of 2018. other provisions of the tcja that impact future tax years are still being assessed . refer to “ results of operations – income taxes ” below for additional details . in september 2016 , the company 's mexican subsidiary completed the sale to the united states of america of the mexico city site on which its commercial operations , technology center and soap production facility were previously located and received $ 60 as the third and final installment of the sale price . the total sale price ( including the third installment and the previously received first and second installments ) was $ 120 . the company recognized a pretax gain of $ 97 ( $ 63 aftertax gain ) in the third quarter of 2016 , net of costs primarily related to site preparation . in august 2015 , the company completed the sale of its laundry detergent business in the south pacific to henkel ag & co. kgaa for an aggregate purchase price of approximately 310 australian dollars ( $ 221 ) and recorded a pretax gain of $ 187 ( $ 120 aftertax or $ 0.13 per diluted share ) in other ( income ) expense , net . the gain is net of charges related to the right-sizing of the company 's south pacific business , asset write-offs related to the divested laundry detergent business and other costs related to the sale . effective december 31 , 2015 , the company concluded it no longer met the accounting criteria for consolidation of its venezuelan subsidiary ( “ cp venezuela ” ) and began accounting for cp venezuela using the cost method of accounting . as such , effective december 31 , 2015 , the company 's consolidated balance sheet no longer includes the assets and liabilities of cp venezuela . as a result of this change in accounting , the company recorded an aftertax charge of $ 1,058 ( $ 1,084 pretax ) or $ 1.16 per diluted share in 2015. the charge primarily consists of an impairment of the company 's investment in cp venezuela of $ 952 , which includes intercompany receivables from cp venezuela , and $ 111 related to the reclassification of cumulative translation losses . prior periods have not been restated and cp venezuela 's net sales , operating profit and net income are included in the company 's consolidated statements of income through december 31 , 2015. see note 14 , venezuela to the consolidated financial statements for additional details . since january 1 , 2016 , under the cost method of accounting , the company no longer includes the local operating results of cp venezuela in its consolidated financial statements and includes income relating to cp venezuela only to the extent it receives cash for sales of inventory to cp venezuela or for dividends or royalties remitted by cp venezuela , all of which have been immaterial . although cp venezuela 's local operating results are no longer included in the company 's consolidated financial statements for accounting purposes , under current tax rules , the company is required to continue including cp venezuela in its consolidated u.s. federal income tax return . in the first quarter of 2016 , provision for income taxes included a $ 210 u.s. income tax benefit principally related to changes in venezuela 's foreign exchange regime implemented in march 2016. see note 11 , income taxes to the consolidated financial statements for additional details . prior to the change in accounting , cp venezuela 's functional currency was the u.s. dollar since venezuela had been designated hyper-inflationary and , as such , venezuelan currency fluctuations were reported in income . the company remeasured the financial statements of cp venezuela at the end of each month at the rate at which it expected to remit future dividends which , based on the advice of legal counsel , was the sicad rate ( formerly known as the sicad i rate ) . story_separator_special_tag replace_table_token_8_th replace_table_token_9_th interest ( income ) expense , net interest ( income ) expense , net was $ 102 in 2017 compared with $ 99 in 2016 and $ 26 in 2015 . the increase in interest ( income ) expense , net in 2017 as compared to 2016 was primarily due to higher average interest rates on debt . the change in interest ( income ) expense , net from 2015 to 2016 was primarily due to lower interest income on investments held outside the united states , which reflects the impact of the deconsolidation of the company 's venezuelan operations effective december 31 , 2015 , and higher interest expense as a result of higher average interest rates on debt . 25 ( dollars in millions except per share amounts ) income taxes the effective income tax rate in 2017 , 2016 and 2015 was 37.7 % , 30.8 % and 44.0 % , respectively . as reflected in the table below , the non-gaap effective income tax rate was 29.5 % in 2017 and 31.3 % in 2016 and 2015 . the decrease in the non-gaap effective income tax rate in 2017 as compared to 2016 is due primarily to the inclusion of excess tax benefits from stock-based compensation in the provision for income taxes , as discussed in more detail below . replace_table_token_10_th replace_table_token_11_th replace_table_token_12_th _ ( 1 ) the income tax effect on non-gaap items is calculated based upon the tax laws and statutory income tax rates applicable in the tax jurisdiction ( s ) of the underlying non-gaap adjustment . ( 2 ) the impact of non-gaap items on the company 's effective tax rate represents the difference in the effective tax rate calculated with and without the non-gaap adjustment on income before income taxes and provision for income taxes . ( 3 ) see note 14 , venezuela to the consolidated financial statements and “ significant items impacting comparability ” above . 26 ( dollars in millions except per share amounts ) on december 22 , 2017 , the tcja was enacted , which , among other things , lowered the u.s. corporate income tax rate to 21 % from 35 % and established a modified territorial system requiring a mandatory deemed repatriation tax on undistributed earnings of foreign subsidiaries . beginning in 2018 , the tcja also requires a minimum tax on certain future earnings generated by foreign subsidiaries while providing for future tax-free repatriation of such earnings through a 100 % dividends-received deduction . the company 's effective income tax rate in 2017 included a provisional charge of $ 275 related to the tcja using available information and estimates . the provisional charge is comprised of $ 451 related to the one-time deemed repatriation of accumulated earnings of foreign subsidiaries and related withholding taxes and $ 20 related primarily to the remeasurement of net deferred tax assets as a result of the reduction in the corporate income tax rate , which are offset by $ 196 of income taxes which had been previously provided for planned repatriations of undistributed earnings of foreign subsidiaries . as a result , applicable u.s. and foreign taxes have been provided on substantially all of the company 's accumulated earnings of foreign subsidiaries previously considered indefinitely reinvested . given the significant complexity of the tcja , anticipated guidance from the u.s. treasury about implementing the tcja and the potential for additional guidance from the sec or the fasb related to the tcja or additional information becoming available , the company 's provisional charge may be adjusted during 2018 and is expected to be finalized no later than the fourth quarter of 2018. other provisions of the tcja that impact future tax years are still being assessed . the effective income tax rate in 2017 also included $ 47 of stock compensation excess tax benefits in the provision for income taxes as a result of the adoption of asu no . 2016-09 , “ compensation–stock compensation ( topic 718 ) : improvements to employee share-based payment accounting ” effective january 1 , 2017. see note 2 , summary of significant accounting policies - recent accounting pronouncements and note 11 , income taxes to the consolidated financial statements , for additional details . the effective income tax rate in 2016 included a $ 210 u.s. income tax benefit recognized in the first quarter of 2016 principally related to changes in venezuela 's foreign exchange regime implemented in march 2016. although , effective december 31 , 2015 , the operating results of cp venezuela are no longer included in the company 's consolidated financial statements , under current tax rules , the company is required to continue including cp venezuela 's results in its consolidated u.s. federal income tax return . see note 11 , income taxes and note 14 , venezuela to the consolidated financial statements . in order to fully utilize the above mentioned $ 210 tax benefit in 2016 , the company repatriated an incremental $ 1,500 of earnings of foreign subsidiaries it previously considered indefinitely reinvested outside of the u.s. , and accordingly , recorded a tax charge of $ 210 during the first quarter of 2016. the company has taken a tax position in a foreign jurisdiction since 2002 that has been challenged by the local tax authorities . in 2015 , the company became aware of several supreme court rulings in the foreign jurisdiction disallowing certain tax deductions which had the effect of reversing prior decisions . since the company had taken deductions in prior years similar to those now disallowed by the court , the company , as required , reassessed its tax position and increased its unrecognized tax benefits by $ 15 . in 2016 , the supreme court in the foreign jurisdiction decided the matter in the company 's favor for the years 2002 through 2005. also in 2016 , the administrative court in the foreign jurisdiction decided the matter

