| Cash Option ($686.5 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $686,500,000.00 |
-$253,965,330.00 |
-$0.00 |
$432,534,670.00 |
| Annuity ($1500 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$22,576,500.00 |
-$8,313,635.00 |
-$0.00 |
$14,262,865.00 |
| 2 |
$23,706,000.00 |
-$8,731,550.00 |
-$0.00 |
$14,974,450.00 |
| 3 |
$24,891,000.00 |
-$9,170,000.00 |
-$0.00 |
$15,721,000.00 |
| 4 |
$26,136,000.00 |
-$9,630,650.00 |
-$0.00 |
$16,505,350.00 |
| 5 |
$27,442,500.00 |
-$10,114,055.00 |
-$0.00 |
$17,328,445.00 |
| 6 |
$28,815,000.00 |
-$10,621,880.00 |
-$0.00 |
$18,193,120.00 |
| 7 |
$30,255,000.00 |
-$11,154,680.00 |
-$0.00 |
$19,100,320.00 |
| 8 |
$31,768,500.00 |
-$11,714,675.00 |
-$0.00 |
$20,053,825.00 |
| 9 |
$33,357,000.00 |
-$12,302,420.00 |
-$0.00 |
$21,054,580.00 |
| 10 |
$35,025,000.00 |
-$12,919,580.00 |
-$0.00 |
$22,105,420.00 |
| 11 |
$36,775,500.00 |
-$13,567,265.00 |
-$0.00 |
$23,208,235.00 |
| 12 |
$38,614,500.00 |
-$14,247,695.00 |
-$0.00 |
$24,366,805.00 |
| 13 |
$40,545,000.00 |
-$14,961,980.00 |
-$0.00 |
$25,583,020.00 |
| 14 |
$42,573,000.00 |
-$15,712,340.00 |
-$0.00 |
$26,860,660.00 |
| 15 |
$44,701,500.00 |
-$16,499,885.00 |
-$0.00 |
$28,201,615.00 |
| 16 |
$46,936,500.00 |
-$17,326,835.00 |
-$0.00 |
$29,609,665.00 |
| 17 |
$49,282,500.00 |
-$18,194,855.00 |
-$0.00 |
$31,087,645.00 |
| 18 |
$51,747,000.00 |
-$19,106,720.00 |
-$0.00 |
$32,640,280.00 |
| 19 |
$54,334,500.00 |
-$20,064,095.00 |
-$0.00 |
$34,270,405.00 |
| 20 |
$57,051,000.00 |
-$21,069,200.00 |
-$0.00 |
$35,981,800.00 |
| 21 |
$59,904,000.00 |
-$22,124,810.00 |
-$0.00 |
$37,779,190.00 |
| 22 |
$62,899,500.00 |
-$23,233,145.00 |
-$0.00 |
$39,666,355.00 |
| 23 |
$66,043,500.00 |
-$24,396,425.00 |
-$0.00 |
$41,647,075.00 |
| 24 |
$69,346,500.00 |
-$25,618,535.00 |
-$0.00 |
$43,727,965.00 |
| 25 |
$72,813,000.00 |
-$26,901,140.00 |
-$0.00 |
$45,911,860.00 |
| 26 |
$76,455,000.00 |
-$28,248,680.00 |
-$0.00 |
$48,206,320.00 |
| 27 |
$80,277,000.00 |
-$29,662,820.00 |
-$0.00 |
$50,614,180.00 |
| 28 |
$84,291,000.00 |
-$31,148,000.00 |
-$0.00 |
$53,143,000.00 |
| 29 |
$88,506,000.00 |
-$32,707,550.00 |
-$0.00 |
$55,798,450.00 |
| 30 |
$92,931,000.00 |
-$34,344,800.00 |
-$0.00 |
$58,586,200.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$1,500,000,000.00 |
-$555,000,000.00 |
-$0.00 |
$945,000,000.00 |
|
