as part of the sales and purchase agreement , approximately $ 70 million was accrued at december 31 , 2016 , under a working capital adjustment provision , of which $ 35 million was paid during the first quarter of 2017 and an additional $ 37 million was paid to the purchaser during the third quarter of 2017 , which included approximately $ 2 million related to a change in the foreign currency rate and accrued interest on the unpaid portion . we completed the sale of our business in south korea on april 26 , 2017 , and recognized a pre-tax gain on the sale of $ 12 million . additionally , we completed the sale of our business in mainland china on july 28 , 2017 , and recognized a cumulative loss of $ 9 million associated with the sale , of which $ 10 million was recognized in the first half of 2017 and was partially offset by a $ 1 million gain recognized at the time of sale . we retained the sourcing and trading operations of the former international division , which are presented as other in note 17 . segment information ,  in notes to consolidated financial statements . in april 2017 , we announced that we had entered into a definitive sale and purchase agreement to sell our businesses in australia and new zealand , which was subject to regulatory approval . in november 2017 , the australian competition and consumer commission announced that it would not oppose the sale , however , the commerce commission of new zealand filed proceedings in the high court to enjoin the contemplated transaction . the trial date is not yet scheduled . as a result of the delay in gaining regulatory approval in new zealand , we entered into an amended sale and purchase agreement in february 2018 with the purchaser to sell the businesses in australia and new zealand in two separate transactions . the sale of the business in australia was completed on february 5 , 2018. while the timing of the sale of the new zealand business is contingent on the purchaser obtaining regulatory approval , the purchaser and we remain committed to completing the sale of new zealand as soon as possible . refer to note 4 . discontinued operations ,  in notes to consolidated financial statements for additional information . staples acquisition on february 4 , 2015 , we entered into a merger agreement ( the staples merger agreement ) with staples , inc ( staples ) , under which staples would acquire all of our outstanding shares and we would become a wholly-owned subsidiary of staples . on may 10 , 2016 , the u.s. district court for the district of columbia granted the ftc 's request for a preliminary injunction against the proposed acquisition , and as a result , the companies terminated the staples merger agreement on may 16 , 2016. pursuant to the terms of the termination agreement , staples paid us a termination fee of $ 250 million in cash ( the termination fee ) on may 19 , 2016. the termination fee more than offset the expenses we incurred during the protracted approval consideration process , but not necessarily the business disruption impacts . refer to note 3 . merger and restructuring activity in notes to the consolidated financial statements for additional information . 30 restructuring activity during 2017 , we announced a multi-year strategic transformation to pivot from a traditional office product retailer to a broader omni-channel business services , product and technology provider which included the acquisition of compucom . as part of the new strategy , we will expand our technology and business service offerings and accelerate the offering of new subscription-based services , including expanding our service offering to address the needs of small businesses . as part of this multi-year strategic shift , we anticipate incurring additional costs over the next few years including professional fees , severance and other related cost . in august 2016 , we announced the results of a comprehensive business review ( the comprehensive business review ) , which , among other things , included the planned closure of 300 retail stores in north america over a three-year period , and to lower operating and general and administrative expenses through efficiencies and organizational optimization . however , as part of a new omni-channel strategy , we have decided to significantly slow the pace of future store closures . we will continue to re-evaluate store closure programs on an annual basis . officemax merger on november 5 , 2013 , we finalized our merger with officemax . as part our merger with officemax , we initiated various merger integration activities . during 2016 , we completed a retail store closure program totaling 400 locations during 2014 to 2016. during 2017 , we completed changes to our supply chain network related to the officemax merger . in addition , all of our retail stores have been converted to common point of sale systems , we successfully launched a co-branded public website ( www.officedepot.com ) , combined operating support functions , transitioned most contract customers from the officemax to the office depot platform , and identified customer preferences and developed methods to service their needs . the business solutions customer migrations followed the completion of the supply chain integration and was substantially completed at the end of 2017 , with some activity anticipated in early 2018. we estimate we have achieved over $ 750 million in annual run rate synergy benefits from the officemax integration through the end of 2017. continuing operations a summary of certain factors impacting our operating results from continuing operations for the 52-week period ended december 30 , 2017 ( also referred to as 2017 ) and the 53-week period ended december 31 , 2016 ( also referred to as 2016 ) is provided below . story_separator_special_tag these actions included acquiring new businesses , closing stores and distribution centers , consolidating functional activities , eliminating redundant positions , disposing of businesses and assets , and taking actions to improve process efficiencies . some of these actions have resulted in significant charges . certain of these activities are expected to continue in future periods and result in additional charges . 36 asset impairments asset impairment charges are comprised of following : replace_table_token_13_th stores the impairment of store assets and related intangible assets in 2017 and 2016 reflect the impact of shortening the anticipated use periods of certain retail store locations in accordance with store closure plans related to the comprehensive business review and for 2016 and 2015 , store closures related to our real estate strategy . store impairments for all three years also reflect lower anticipated cash flows , primarily from lower future sales projections . we regularly conduct a detailed store impairment analysis including any favorable lease intangible assets related to each store . the analysis includes estimates of store-level sales , gross margins , direct expenses , exercise of future lease renewal options where applicable , and resulting cash flows and , by their nature , include judgments about how current initiatives will impact future performance . if the anticipated cash flows of a store can not support the carrying value of its assets , the assets are written down to estimated fair value . the projections prepared for the 2017 analysis assumed declining sales over the forecast period . gross margin and operating cost assumptions have been held at levels consistent with recent actual results and planned activities . estimated cash flows were discounted at 14 % in 2017 , 13 % in 2016 and 12 % in 2015. the impairment charges include amounts to bring the location 's assets to estimated fair value based on projected operating cash flows or residual value , as appropriate . we continue to capitalize additions to previously-impaired operating stores and test for subsequent impairment . overall we will continue to evaluate initiatives to improve performance and lower operating costs . to the extent that forward-looking sales and operating assumptions are not achieved and are subsequently reduced , or in certain circumstances , even if performance is as anticipated , additional impairment charges may result . however , at the end of 2017 , the impairment analysis reflects our best estimate of future performance . 37 merger and restructuring expenses ( income ) , net the table below summarizes the major components of merger and restructuring expenses ( income ) , net . replace_table_token_14_th merger and transaction related expenses included in the 2017 merger and transaction related expenses in the table above are expenses associated with the acquisitions of five businesses , including compucom , during 2017. these expenses include $ 17 million of transaction and integration expenses primarily related to legal , accounting , and other third-party costs incurred by office depot . such costs are being recognized as incurred . refer to note 2 , acquisitions for additional information . also included in the merger and transaction related expenses in 2017 in the table above are $ 20 million of integration expenses and $ 5 million of facility closure costs associated with the 2013 officemax merger . merger and transaction related expenses in 2016 and 2015 in the table above relate to our merger with officemax . severance , retention , and relocation expenses in 2015 include amounts incurred for the integration of staff functions and include termination benefits for certain retail and supply chain closures . such benefits were accrued through the facility closure dates . facility closure , contract termination and other expenses , net primarily relate to facility closure accruals , contract termination costs , gains and losses on asset dispositions , and accelerated depreciation . in mid-2014 , associated with our merger with officemax , we developed a real estate strategy which identified 400 retail stores for closure as well as a supply chain integration plan . during the second quarter of 2016 , we completed the retail store closures under this program and completed the supply chain integration plan activities during the third quarter of 2017. during 2017 and 2016 , we recognized gains of $ 6 million and $ 1 million , respectively , from the sale of warehouse facilities that had been classified as assets held for sale . the gains are included in merger and restructuring expenses ( income ) , net , as the dispositions were part of the supply chain integration associated with the officemax merger . 38 terminated staples acquisition on february 4 , 2015 , we announced in conjunction with staples that the companies had entered into the staples merger agreement , under which staples would acquire all of the outstanding shares of office depot and we would become a wholly owned subsidiary of staples . on may 10 , 2016 , the u.s. district court for the district of columbia granted the ftc 's request for a preliminary injunction against the proposed acquisition , and as a result , the companies terminated the staples merger agreement on may 16 , 2016. per the terms of the termination agreement , staples paid office depot a termination fee of $ 250 million in cash on may 19 , 2016 , which is included in merger and restructuring expenses ( income ) , net in the consolidated statements of operations and in net cash provided by operating activities of continuing operations in the consolidated statements of cash flows for 2016. the expenses incurred in 2016 as reflected in the table above include retention accruals and transaction costs , including costs associated with regulatory filings and professional fees , offset by the termination fee payment . the staples merger agreement was terminated on may 16 , 2016 , and no further expenses are expected . restructuring expenses during 2017 , we announced a multi-year strategic transformation to

liquidity at december 30 , 2017 , we had $ 622 million in cash and cash equivalents and another $ 922 million available under the amended credit agreement ( as defined in note 8 , debt ,  of the consolidated financial statements ) based on the december 2017 borrowing base certificate , for a total liquidity of $ 1.5 billion . we currently believe that our cash on hand , availability of funds under the amended credit agreement , and full year cash flows generated from operations will be sufficient to fund our working capital , capital expenditures , debt repayment , common stock purchases , cash dividends on common stock , and merger integration and restructuring expenses for at least the next twelve months . no amounts were drawn under the amended credit agreement during 2017 and there were no amounts outstanding at december 30 , 2017. there were letters of credit outstanding under the amended credit agreement at the end of the year totaling $ 77 million and we were in compliance with all applicable financial covenants as of december 30 , 2017. during 2017 , we acquired four small independent regional office supply businesses in the united states . the aggregate total costs for these acquisitions were approximately $ 100 million , subject to certain customary post-closing adjustments . no additional debt obligations were acquired as part of these transactions . 41 in november 2017 , we purchased compucom for approximately $ 937 million , which was funded with a new $ 750 million 5-year term loan credit agreement , approximately 44 million shares of our common stock with an approximate market value of $ 135 million , and approximately $ 52 million of cash on hand . the loans under the term loan credit agreement , which were issued with an original issue discount , at an issue price of 97.00 % , bear interest at a rate per annum equal to libor plus 7.00 % ( or an alternative base rate plus 6.00 % ) .


 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 at december 30 , 2017 , we had $ 622 million in cash and cash equivalents and another $ 922 million available under the amended credit agreement ( as defined in note 8 , debt ,  of the consolidated financial statements ) based on the december 2017 borrowing base certificate , for a total liquidity of $ 1.5 billion . we currently believe that our cash on hand , availability of funds under the amended credit agreement , and full year cash flows generated from operations will be sufficient to fund our working capital , capital expenditures , debt repayment , common stock purchases , cash dividends on common stock , and merger integration and restructuring expenses for at least the next twelve months . no amounts were drawn under the amended credit agreement during 2017 and there were no amounts outstanding at december 30 , 2017. there were letters of credit outstanding under the amended credit agreement at the end of the year totaling $ 77 million and we were in compliance with all applicable financial covenants as of december 30 , 2017. during 2017 , we acquired four small independent regional office supply businesses in the united states . the aggregate total costs for these acquisitions were approximately $ 100 million , subject to certain customary post-closing adjustments . no additional debt obligations were acquired as part of these transactions . 41 in november 2017 , we purchased compucom for approximately $ 937 million , which was funded with a new $ 750 million 5-year term loan credit agreement , approximately 44 million shares of our common stock with an approximate market value of $ 135 million , and approximately $ 52 million of cash on hand . the loans under the term loan credit agreement , which were issued with an original issue discount , at an issue price of 97.00 % , bear interest at a rate per annum equal to libor plus 7.00 % ( or an alternative base rate plus 6.00 % ) .
```    
 Suspicious Activity Report : as part of the sales and purchase agreement , approximately $ 70 million was accrued at december 31 , 2016 , under a working capital adjustment provision , of which $ 35 million was paid during the first quarter of 2017 and an additional $ 37 million was paid to the purchaser during the third quarter of 2017 , which included approximately $ 2 million related to a change in the foreign currency rate and accrued interest on the unpaid portion . we completed the sale of our business in south korea on april 26 , 2017 , and recognized a pre-tax gain on the sale of $ 12 million . additionally , we completed the sale of our business in mainland china on july 28 , 2017 , and recognized a cumulative loss of $ 9 million associated with the sale , of which $ 10 million was recognized in the first half of 2017 and was partially offset by a $ 1 million gain recognized at the time of sale . we retained the sourcing and trading operations of the former international division , which are presented as other in note 17 . segment information ,  in notes to consolidated financial statements . in april 2017 , we announced that we had entered into a definitive sale and purchase agreement to sell our businesses in australia and new zealand , which was subject to regulatory approval . in november 2017 , the australian competition and consumer commission announced that it would not oppose the sale , however , the commerce commission of new zealand filed proceedings in the high court to enjoin the contemplated transaction . the trial date is not yet scheduled . as a result of the delay in gaining regulatory approval in new zealand , we entered into an amended sale and purchase agreement in february 2018 with the purchaser to sell the businesses in australia and new zealand in two separate transactions . the sale of the business in australia was completed on february 5 , 2018. while the timing of the sale of the new zealand business is contingent on the purchaser obtaining regulatory approval , the purchaser and we remain committed to completing the sale of new zealand as soon as possible . refer to note 4 . discontinued operations ,  in notes to consolidated financial statements for additional information . staples acquisition on february 4 , 2015 , we entered into a merger agreement ( the staples merger agreement ) with staples , inc ( staples ) , under which staples would acquire all of our outstanding shares and we would become a wholly-owned subsidiary of staples . on may 10 , 2016 , the u.s. district court for the district of columbia granted the ftc 's request for a preliminary injunction against the proposed acquisition , and as a result , the companies terminated the staples merger agreement on may 16 , 2016. pursuant to the terms of the termination agreement , staples paid us a termination fee of $ 250 million in cash ( the termination fee ) on may 19 , 2016. the termination fee more than offset the expenses we incurred during the protracted approval consideration process , but not necessarily the business disruption impacts . refer to note 3 . merger and restructuring activity in notes to the consolidated financial statements for additional information . 30 restructuring activity during 2017 , we announced a multi-year strategic transformation to pivot from a traditional office product retailer to a broader omni-channel business services , product and technology provider which included the acquisition of compucom . as part of the new strategy , we will expand our technology and business service offerings and accelerate the offering of new subscription-based services , including expanding our service offering to address the needs of small businesses . as part of this multi-year strategic shift , we anticipate incurring additional costs over the next few years including professional fees , severance and other related cost . in august 2016 , we announced the results of a comprehensive business review ( the comprehensive business review ) , which , among other things , included the planned closure of 300 retail stores in north america over a three-year period , and to lower operating and general and administrative expenses through efficiencies and organizational optimization . however , as part of a new omni-channel strategy , we have decided to significantly slow the pace of future store closures . we will continue to re-evaluate store closure programs on an annual basis . officemax merger on november 5 , 2013 , we finalized our merger with officemax . as part our merger with officemax , we initiated various merger integration activities . during 2016 , we completed a retail store closure program totaling 400 locations during 2014 to 2016. during 2017 , we completed changes to our supply chain network related to the officemax merger . in addition , all of our retail stores have been converted to common point of sale systems , we successfully launched a co-branded public website ( www.officedepot.com ) , combined operating support functions , transitioned most contract customers from the officemax to the office depot platform , and identified customer preferences and developed methods to service their needs . the business solutions customer migrations followed the completion of the supply chain integration and was substantially completed at the end of 2017 , with some activity anticipated in early 2018. we estimate we have achieved over $ 750 million in annual run rate synergy benefits from the officemax integration through the end of 2017. continuing operations a summary of certain factors impacting our operating results from continuing operations for the 52-week period ended december 30 , 2017 ( also referred to as 2017 ) and the 53-week period ended december 31 , 2016 ( also referred to as 2016 ) is provided below . story_separator_special_tag these actions included acquiring new businesses , closing stores and distribution centers , consolidating functional activities , eliminating redundant positions , disposing of businesses and assets , and taking actions to improve process efficiencies . some of these actions have resulted in significant charges . certain of these activities are expected to continue in future periods and result in additional charges . 36 asset impairments asset impairment charges are comprised of following : replace_table_token_13_th stores the impairment of store assets and related intangible assets in 2017 and 2016 reflect the impact of shortening the anticipated use periods of certain retail store locations in accordance with store closure plans related to the comprehensive business review and for 2016 and 2015 , store closures related to our real estate strategy . store impairments for all three years also reflect lower anticipated cash flows , primarily from lower future sales projections . we regularly conduct a detailed store impairment analysis including any favorable lease intangible assets related to each store . the analysis includes estimates of store-level sales , gross margins , direct expenses , exercise of future lease renewal options where applicable , and resulting cash flows and , by their nature , include judgments about how current initiatives will impact future performance . if the anticipated cash flows of a store can not support the carrying value of its assets , the assets are written down to estimated fair value . the projections prepared for the 2017 analysis assumed declining sales over the forecast period . gross margin and operating cost assumptions have been held at levels consistent with recent actual results and planned activities . estimated cash flows were discounted at 14 % in 2017 , 13 % in 2016 and 12 % in 2015. the impairment charges include amounts to bring the location 's assets to estimated fair value based on projected operating cash flows or residual value , as appropriate . we continue to capitalize additions to previously-impaired operating stores and test for subsequent impairment . overall we will continue to evaluate initiatives to improve performance and lower operating costs . to the extent that forward-looking sales and operating assumptions are not achieved and are subsequently reduced , or in certain circumstances , even if performance is as anticipated , additional impairment charges may result . however , at the end of 2017 , the impairment analysis reflects our best estimate of future performance . 37 merger and restructuring expenses ( income ) , net the table below summarizes the major components of merger and restructuring expenses ( income ) , net . replace_table_token_14_th merger and transaction related expenses included in the 2017 merger and transaction related expenses in the table above are expenses associated with the acquisitions of five businesses , including compucom , during 2017. these expenses include $ 17 million of transaction and integration expenses primarily related to legal , accounting , and other third-party costs incurred by office depot . such costs are being recognized as incurred . refer to note 2 , acquisitions for additional information . also included in the merger and transaction related expenses in 2017 in the table above are $ 20 million of integration expenses and $ 5 million of facility closure costs associated with the 2013 officemax merger . merger and transaction related expenses in 2016 and 2015 in the table above relate to our merger with officemax . severance , retention , and relocation expenses in 2015 include amounts incurred for the integration of staff functions and include termination benefits for certain retail and supply chain closures . such benefits were accrued through the facility closure dates . facility closure , contract termination and other expenses , net primarily relate to facility closure accruals , contract termination costs , gains and losses on asset dispositions , and accelerated depreciation . in mid-2014 , associated with our merger with officemax , we developed a real estate strategy which identified 400 retail stores for closure as well as a supply chain integration plan . during the second quarter of 2016 , we completed the retail store closures under this program and completed the supply chain integration plan activities during the third quarter of 2017. during 2017 and 2016 , we recognized gains of $ 6 million and $ 1 million , respectively , from the sale of warehouse facilities that had been classified as assets held for sale . the gains are included in merger and restructuring expenses ( income ) , net , as the dispositions were part of the supply chain integration associated with the officemax merger . 38 terminated staples acquisition on february 4 , 2015 , we announced in conjunction with staples that the companies had entered into the staples merger agreement , under which staples would acquire all of the outstanding shares of office depot and we would become a wholly owned subsidiary of staples . on may 10 , 2016 , the u.s. district court for the district of columbia granted the ftc 's request for a preliminary injunction against the proposed acquisition , and as a result , the companies terminated the staples merger agreement on may 16 , 2016. per the terms of the termination agreement , staples paid office depot a termination fee of $ 250 million in cash on may 19 , 2016 , which is included in merger and restructuring expenses ( income ) , net in the consolidated statements of operations and in net cash provided by operating activities of continuing operations in the consolidated statements of cash flows for 2016. the expenses incurred in 2016 as reflected in the table above include retention accruals and transaction costs , including costs associated with regulatory filings and professional fees , offset by the termination fee payment . the staples merger agreement was terminated on may 16 , 2016 , and no further expenses are expected . restructuring expenses during 2017 , we announced a multi-year strategic transformation to

