pursuant to this agreement , the insurance company unconditionally and irrevocably guarantees all future payments to certain participants that were receiving payments from the u.s. pension plan . the insurance company assumes all investment risk associated with the assets that were delivered as part of this transaction . additionally , during 2019 , the company discharged certain u.s. pension plan obligations by making lump-sum payments of $ 15 million to former employees of the company . as a result , the company settled $ 65 million of projected pension obligation by liquidating an equivalent amount of pension plan assets and recorded a non-cash settlement loss of $ 27 million related to the accelerated recognition of unamortized losses . during the year ended december 31 , 2019 , the company recorded $ 14 million of expenses related to the receipt of a final unfavorable arbitration decision associated with the resolution of a matter related to a previous acquisition . 33 during the year ended december 31 , 2019 , the company recorded $ 11 million of expenses , primarily professional fees , related to the company 's strategic acquisition and divestiture activities , including the transfer of morse tec , the anticipated acquisition of delphi technologies , and the 20 % equity interest in romeo systems , inc. and the divestiture activities for the non-core pipes and thermostat product lines . during the year ended december 31 , 2019 , the company recorded an additional loss on sale of $ 7 million to account for the cash proceeds and finalization of the purchase price adjustments related to the sale of the non-core pipes and thermostat product lines . refer to note 20 , `` assets and liabilities held for sale , `` to the consolidated financial statements in item 8 of this report for more information . during the year ended december 31 , 2019 , the company recorded a pre-tax gain on the derecognition of borgwarner morse tec llc ( `` morse tec `` ) of $ 177 million and removed the asbestos obligations and related insurance assets from the consolidated balance sheet . in addition , the company recorded tax expense as a result of the reversal of the previously recorded deferred tax assets related to the asbestos liabilities of $ 173 million , resulting in an after-tax gain of $ 4 million . refer to note 19 , `` recent transactions , `` to the consolidated financial statements in item 8 of this report for more information . the company 's provision for income taxes for the year ended december 31 , 2019 , includes reductions to tax expense of $ 19 million related to restructuring and merger , acquisition and divestiture expense and $ 6 million related to pension settlement loss . this rate also includes increases to tax expense of $ 22 million due to the u.s. department of the treasury 's issuance of the final regulations in the first quarter of 2019 related to the calculation of the one-time transition tax partially offset by reductions to tax expense of $ 11 million for a global realignment plan and $ 8 million related to other one-time adjustments . year ended december 31 , 2018 : the company recorded restructuring expense of $ 67 million related to engine and drivetrain segment actions designed to improve future profitability and competitiveness , primarily related to employee termination benefits , professional fees , and manufacturing footprint rationalization activities . during the year ended december 31 , 2018 , the company recorded an asset impairment expense of $ 26 million to adjust the net book value of the pipes and thermostat product lines to fair value less costs to sell . additionally , the company recorded $ 6 million of merger , acquisition and divestiture expense primarily related to professional fees associated with divestiture activities for the non-core pipes and thermostat product lines . refer to note 20 , `` assets and liabilities held for sale , `` to the consolidated financial statements in item 8 of this report for more information . the company recorded net restricted stock and performance share unit compensation expense of $ 8 million in the year ended december 31 , 2018 as the company modified the vesting provisions of restricted stock and performance share unit grants made to retiring executive officers to allow certain of the outstanding awards , that otherwise would have been forfeited , to vest upon retirement . refer to note 13 , `` stock-based compensation , `` to the consolidated financial statements in item 8 of this report for more information . during the year ended december 31 , 2018 , the company recorded asbestos-related adjustments resulting in an increase to other expense of $ 23 million . this increase was the result of actuarial valuation changes of $ 23 million associated with the company 's estimate of liabilities for asbestos-related claims asserted but not yet resolved and potential claims not yet asserted . refer to note 15 , `` contingencies , `` to the consolidated financial statements in item 8 of this report for more information . during the fourth quarter of 2018 , the company recorded a gain of $ 19 million related to the sale of a building at a manufacturing facility located in europe . 34 during the year ended december 31 , 2018 , the company recorded a gain of approximately $ 4 million related to the settlement of a commercial contract for an entity acquired in the 2015 remy acquisition . story_separator_special_tag customer incentive payments are capitalized when the payments are incremental and incurred only if the new business is obtained and these amounts are expected to be recovered from the customer over the term of the new business arrangement . the company recognizes a reduction to revenue as products that the upfront payments are related to are transferred to the customer , based on the total amount of products expected to be sold over the term of the arrangement ( generally 3 to 7 years ) . the company evaluates the amounts capitalized each period end for recoverability and expenses any amounts that are no longer expected to be recovered over the term of the business arrangement . impairment of long-lived assets , including definite-lived intangible assets the company reviews the carrying value of its long-lived assets , whether held for use or disposal , including other amortizing intangible assets , when events and circumstances warrant such a review under asc topic 360. in assessing long-lived assets for an impairment loss , assets are grouped with other assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities . in assessing long-lived assets for impairment , management generally considers individual facilities the lowest level for which identifiable cash flows are largely independent . a recoverability review is performed using the undiscounted cash flows if there is a triggering event . if the undiscounted cash flow test for recoverability identifies a possible impairment , management will perform a fair value analysis . management determines fair value under asc topic 820 using the appropriate valuation technique of market , income or cost approach . if the carrying value of a long-lived asset is considered impaired , an impairment charge is recorded for the amount by which the carrying value of the long-lived asset exceeds its fair value . management believes that the estimates of future cash flows and fair value assumptions are reasonable ; however , changes in assumptions underlying these estimates could affect the valuations . significant judgments and estimates used by management when evaluating long-lived assets for impairment include : ( i ) an assessment as to whether an adverse event or circumstance has triggered the need for an impairment review ; ( ii ) undiscounted future cash flows generated by the asset ; and ( iii ) fair valuation of the asset . events and conditions that could result in impairment in the value of our long-lived assets include changes in the industries in which we operate , particularly the impact of a downturn in the global economy , as well as competition and advances in technology , adverse changes in the regulatory environment , or other factors leading to reduction in expected long-term sales or profitability . assets and liabilities held for sale the company classifies assets and liabilities ( disposal groups ) to be sold as held for sale in the period in which all of the following criteria are met : management , having the authority to approve the action , commits to a plan to sell the disposal group ; the disposal group is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such disposal groups ; an active program to locate a buyer and other actions required to complete the plan to sell the disposal group have been initiated ; the sale of the disposal group is probable , and transfer of the disposal group is expected to qualify for recognition as a completed sale within one year , except if events or circumstances beyond the company 's control extend the period of time required to sell the disposal group beyond one year ; the disposal group is being actively marketed for sale at a price that is reasonable in relation to its current fair value ; and actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn . 43 the company initially measures a disposal group that is classified as held for sale at the lower of its carrying value or fair value less any costs to sell . any loss resulting from this measurement is recognized in the period in which the held for sale criteria are met . conversely , gains are not recognized on the sale of a disposal group until the date of sale . the company assesses the fair value of a disposal group , less any costs to sell , each reporting period it remains classified as held for sale and reports any subsequent changes as an adjustment to the carrying value of the disposal group , as long as the new carrying value does not exceed the carrying value of the disposal group at the time it was initially classified as held for sale . additionally , depreciation is not recorded during the period in which the long-lived assets , included in the disposal group , are classified as held for sale . upon determining that a disposal group meets the criteria to be classified as held for sale , the company reports the assets and liabilities of the disposal group , if material , in the line items assets held for sale and liabilities held for sale in the consolidated balance sheet . refer to note 20 , `` assets and liabilities held for sale , `` to the consolidated financial statements in item 8 of this report for more information . goodwill and other indefinite-lived intangible assets during the fourth quarter of each year , the company qualitatively assesses its goodwill assigned to each of its reporting units . this qualitative assessment evaluates various events and circumstances , such as macro economic conditions , industry and market conditions , cost factors , relevant events and financial trends , that may impact a reporting unit

net cash provided by operating activities was $ 1,008 million and $ 1,126 million in the years ended december 31 , 2019 and 2018 , respectively . the decrease for the year ended december 31 , 2019 compared with the year ended december 31 , 2018 primarily reflected the cash outflow related to the derecognition of a subsidiary , partially offset by changes in working capital . investing activities net cash used in investing activities was $ 489 million and $ 514 million in the years ended december 31 , 2019 and 2018 , respectively . the decrease in the year ended december 31 , 2019 compared with the year ended december 31 , 2018 was primarily due to lower capital expenditures , including tooling outlays in 2019. year-over-year capital spending decrease of $ 65 million during the year ended december 31 , 2019 was primarily due to timing of the investment activity in the engine segment . financing activities net cash used in financing activities was $ 420 million and $ 383 million in the years ended december 31 , 2019 and 2018 , respectively . the increase in the year ended december 31 , 2019 compared with the year ended december 31 , 2018 was primarily driven by higher debt repayments , partially offset by lower share repurchases . 40 the company 's significant contractual obligations at december 31 , 2019 are as follows : replace_table_token_12_th ( a ) other postretirement employee benefits , excluding pensions , include anticipated future payments to cover retiree medical and life insurance benefits . amount contained in “ after 2024 ” column includes estimated payments through 2029. refer to note 12 , `` retirement benefit plans , '' to the consolidated financial statements in item 8 of this report for disclosures related to the company 's other postretirement employee benefits . ( b ) since the timing and amount of payments for funded defined benefit pension plans are usually not certain for future years such potential payments are not shown in this table .


 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 operating activities was $ 1,008 million and $ 1,126 million in the years ended december 31 , 2019 and 2018 , respectively . the decrease for the year ended december 31 , 2019 compared with the year ended december 31 , 2018 primarily reflected the cash outflow related to the derecognition of a subsidiary , partially offset by changes in working capital . investing activities net cash used in investing activities was $ 489 million and $ 514 million in the years ended december 31 , 2019 and 2018 , respectively . the decrease in the year ended december 31 , 2019 compared with the year ended december 31 , 2018 was primarily due to lower capital expenditures , including tooling outlays in 2019. year-over-year capital spending decrease of $ 65 million during the year ended december 31 , 2019 was primarily due to timing of the investment activity in the engine segment . financing activities net cash used in financing activities was $ 420 million and $ 383 million in the years ended december 31 , 2019 and 2018 , respectively . the increase in the year ended december 31 , 2019 compared with the year ended december 31 , 2018 was primarily driven by higher debt repayments , partially offset by lower share repurchases . 40 the company 's significant contractual obligations at december 31 , 2019 are as follows : replace_table_token_12_th ( a ) other postretirement employee benefits , excluding pensions , include anticipated future payments to cover retiree medical and life insurance benefits . amount contained in “ after 2024 ” column includes estimated payments through 2029. refer to note 12 , `` retirement benefit plans , '' to the consolidated financial statements in item 8 of this report for disclosures related to the company 's other postretirement employee benefits . ( b ) since the timing and amount of payments for funded defined benefit pension plans are usually not certain for future years such potential payments are not shown in this table .
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 Suspicious Activity Report : pursuant to this agreement , the insurance company unconditionally and irrevocably guarantees all future payments to certain participants that were receiving payments from the u.s. pension plan . the insurance company assumes all investment risk associated with the assets that were delivered as part of this transaction . additionally , during 2019 , the company discharged certain u.s. pension plan obligations by making lump-sum payments of $ 15 million to former employees of the company . as a result , the company settled $ 65 million of projected pension obligation by liquidating an equivalent amount of pension plan assets and recorded a non-cash settlement loss of $ 27 million related to the accelerated recognition of unamortized losses . during the year ended december 31 , 2019 , the company recorded $ 14 million of expenses related to the receipt of a final unfavorable arbitration decision associated with the resolution of a matter related to a previous acquisition . 33 during the year ended december 31 , 2019 , the company recorded $ 11 million of expenses , primarily professional fees , related to the company 's strategic acquisition and divestiture activities , including the transfer of morse tec , the anticipated acquisition of delphi technologies , and the 20 % equity interest in romeo systems , inc. and the divestiture activities for the non-core pipes and thermostat product lines . during the year ended december 31 , 2019 , the company recorded an additional loss on sale of $ 7 million to account for the cash proceeds and finalization of the purchase price adjustments related to the sale of the non-core pipes and thermostat product lines . refer to note 20 , `` assets and liabilities held for sale , `` to the consolidated financial statements in item 8 of this report for more information . during the year ended december 31 , 2019 , the company recorded a pre-tax gain on the derecognition of borgwarner morse tec llc ( `` morse tec `` ) of $ 177 million and removed the asbestos obligations and related insurance assets from the consolidated balance sheet . in addition , the company recorded tax expense as a result of the reversal of the previously recorded deferred tax assets related to the asbestos liabilities of $ 173 million , resulting in an after-tax gain of $ 4 million . refer to note 19 , `` recent transactions , `` to the consolidated financial statements in item 8 of this report for more information . the company 's provision for income taxes for the year ended december 31 , 2019 , includes reductions to tax expense of $ 19 million related to restructuring and merger , acquisition and divestiture expense and $ 6 million related to pension settlement loss . this rate also includes increases to tax expense of $ 22 million due to the u.s. department of the treasury 's issuance of the final regulations in the first quarter of 2019 related to the calculation of the one-time transition tax partially offset by reductions to tax expense of $ 11 million for a global realignment plan and $ 8 million related to other one-time adjustments . year ended december 31 , 2018 : the company recorded restructuring expense of $ 67 million related to engine and drivetrain segment actions designed to improve future profitability and competitiveness , primarily related to employee termination benefits , professional fees , and manufacturing footprint rationalization activities . during the year ended december 31 , 2018 , the company recorded an asset impairment expense of $ 26 million to adjust the net book value of the pipes and thermostat product lines to fair value less costs to sell . additionally , the company recorded $ 6 million of merger , acquisition and divestiture expense primarily related to professional fees associated with divestiture activities for the non-core pipes and thermostat product lines . refer to note 20 , `` assets and liabilities held for sale , `` to the consolidated financial statements in item 8 of this report for more information . the company recorded net restricted stock and performance share unit compensation expense of $ 8 million in the year ended december 31 , 2018 as the company modified the vesting provisions of restricted stock and performance share unit grants made to retiring executive officers to allow certain of the outstanding awards , that otherwise would have been forfeited , to vest upon retirement . refer to note 13 , `` stock-based compensation , `` to the consolidated financial statements in item 8 of this report for more information . during the year ended december 31 , 2018 , the company recorded asbestos-related adjustments resulting in an increase to other expense of $ 23 million . this increase was the result of actuarial valuation changes of $ 23 million associated with the company 's estimate of liabilities for asbestos-related claims asserted but not yet resolved and potential claims not yet asserted . refer to note 15 , `` contingencies , `` to the consolidated financial statements in item 8 of this report for more information . during the fourth quarter of 2018 , the company recorded a gain of $ 19 million related to the sale of a building at a manufacturing facility located in europe . 34 during the year ended december 31 , 2018 , the company recorded a gain of approximately $ 4 million related to the settlement of a commercial contract for an entity acquired in the 2015 remy acquisition . story_separator_special_tag customer incentive payments are capitalized when the payments are incremental and incurred only if the new business is obtained and these amounts are expected to be recovered from the customer over the term of the new business arrangement . the company recognizes a reduction to revenue as products that the upfront payments are related to are transferred to the customer , based on the total amount of products expected to be sold over the term of the arrangement ( generally 3 to 7 years ) . the company evaluates the amounts capitalized each period end for recoverability and expenses any amounts that are no longer expected to be recovered over the term of the business arrangement . impairment of long-lived assets , including definite-lived intangible assets the company reviews the carrying value of its long-lived assets , whether held for use or disposal , including other amortizing intangible assets , when events and circumstances warrant such a review under asc topic 360. in assessing long-lived assets for an impairment loss , assets are grouped with other assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities . in assessing long-lived assets for impairment , management generally considers individual facilities the lowest level for which identifiable cash flows are largely independent . a recoverability review is performed using the undiscounted cash flows if there is a triggering event . if the undiscounted cash flow test for recoverability identifies a possible impairment , management will perform a fair value analysis . management determines fair value under asc topic 820 using the appropriate valuation technique of market , income or cost approach . if the carrying value of a long-lived asset is considered impaired , an impairment charge is recorded for the amount by which the carrying value of the long-lived asset exceeds its fair value . management believes that the estimates of future cash flows and fair value assumptions are reasonable ; however , changes in assumptions underlying these estimates could affect the valuations . significant judgments and estimates used by management when evaluating long-lived assets for impairment include : ( i ) an assessment as to whether an adverse event or circumstance has triggered the need for an impairment review ; ( ii ) undiscounted future cash flows generated by the asset ; and ( iii ) fair valuation of the asset . events and conditions that could result in impairment in the value of our long-lived assets include changes in the industries in which we operate , particularly the impact of a downturn in the global economy , as well as competition and advances in technology , adverse changes in the regulatory environment , or other factors leading to reduction in expected long-term sales or profitability . assets and liabilities held for sale the company classifies assets and liabilities ( disposal groups ) to be sold as held for sale in the period in which all of the following criteria are met : management , having the authority to approve the action , commits to a plan to sell the disposal group ; the disposal group is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such disposal groups ; an active program to locate a buyer and other actions required to complete the plan to sell the disposal group have been initiated ; the sale of the disposal group is probable , and transfer of the disposal group is expected to qualify for recognition as a completed sale within one year , except if events or circumstances beyond the company 's control extend the period of time required to sell the disposal group beyond one year ; the disposal group is being actively marketed for sale at a price that is reasonable in relation to its current fair value ; and actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn . 43 the company initially measures a disposal group that is classified as held for sale at the lower of its carrying value or fair value less any costs to sell . any loss resulting from this measurement is recognized in the period in which the held for sale criteria are met . conversely , gains are not recognized on the sale of a disposal group until the date of sale . the company assesses the fair value of a disposal group , less any costs to sell , each reporting period it remains classified as held for sale and reports any subsequent changes as an adjustment to the carrying value of the disposal group , as long as the new carrying value does not exceed the carrying value of the disposal group at the time it was initially classified as held for sale . additionally , depreciation is not recorded during the period in which the long-lived assets , included in the disposal group , are classified as held for sale . upon determining that a disposal group meets the criteria to be classified as held for sale , the company reports the assets and liabilities of the disposal group , if material , in the line items assets held for sale and liabilities held for sale in the consolidated balance sheet . refer to note 20 , `` assets and liabilities held for sale , `` to the consolidated financial statements in item 8 of this report for more information . goodwill and other indefinite-lived intangible assets during the fourth quarter of each year , the company qualitatively assesses its goodwill assigned to each of its reporting units . this qualitative assessment evaluates various events and circumstances , such as macro economic conditions , industry and market conditions , cost factors , relevant events and financial trends , that may impact a reporting unit

