| Cash Option ($338.6 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $338,600,000.00 |
-$125,242,330.00 |
-$0.00 |
$213,357,670.00 |
| Annuity ($750 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$11,288,250.00 |
-$4,136,983.00 |
-$0.00 |
$7,151,267.00 |
| 2 |
$11,853,000.00 |
-$4,345,940.00 |
-$0.00 |
$7,507,060.00 |
| 3 |
$12,445,500.00 |
-$4,565,165.00 |
-$0.00 |
$7,880,335.00 |
| 4 |
$13,068,000.00 |
-$4,795,490.00 |
-$0.00 |
$8,272,510.00 |
| 5 |
$13,721,250.00 |
-$5,037,193.00 |
-$0.00 |
$8,684,057.00 |
| 6 |
$14,407,500.00 |
-$5,291,105.00 |
-$0.00 |
$9,116,395.00 |
| 7 |
$15,127,500.00 |
-$5,557,505.00 |
-$0.00 |
$9,569,995.00 |
| 8 |
$15,884,250.00 |
-$5,837,503.00 |
-$0.00 |
$10,046,747.00 |
| 9 |
$16,678,500.00 |
-$6,131,375.00 |
-$0.00 |
$10,547,125.00 |
| 10 |
$17,512,500.00 |
-$6,439,955.00 |
-$0.00 |
$11,072,545.00 |
| 11 |
$18,387,750.00 |
-$6,763,798.00 |
-$0.00 |
$11,623,952.00 |
| 12 |
$19,307,250.00 |
-$7,104,013.00 |
-$0.00 |
$12,203,237.00 |
| 13 |
$20,272,500.00 |
-$7,461,155.00 |
-$0.00 |
$12,811,345.00 |
| 14 |
$21,286,500.00 |
-$7,836,335.00 |
-$0.00 |
$13,450,165.00 |
| 15 |
$22,350,750.00 |
-$8,230,108.00 |
-$0.00 |
$14,120,642.00 |
| 16 |
$23,468,250.00 |
-$8,643,583.00 |
-$0.00 |
$14,824,667.00 |
| 17 |
$24,641,250.00 |
-$9,077,593.00 |
-$0.00 |
$15,563,657.00 |
| 18 |
$25,873,500.00 |
-$9,533,525.00 |
-$0.00 |
$16,339,975.00 |
| 19 |
$27,167,250.00 |
-$10,012,213.00 |
-$0.00 |
$17,155,037.00 |
| 20 |
$28,525,500.00 |
-$10,514,765.00 |
-$0.00 |
$18,010,735.00 |
| 21 |
$29,952,000.00 |
-$11,042,570.00 |
-$0.00 |
$18,909,430.00 |
| 22 |
$31,449,750.00 |
-$11,596,738.00 |
-$0.00 |
$19,853,012.00 |
| 23 |
$33,021,750.00 |
-$12,178,378.00 |
-$0.00 |
$20,843,372.00 |
| 24 |
$34,673,250.00 |
-$12,789,433.00 |
-$0.00 |
$21,883,817.00 |
| 25 |
$36,406,500.00 |
-$13,430,735.00 |
-$0.00 |
$22,975,765.00 |
| 26 |
$38,227,500.00 |
-$14,104,505.00 |
-$0.00 |
$24,122,995.00 |
| 27 |
$40,138,500.00 |
-$14,811,575.00 |
-$0.00 |
$25,326,925.00 |
| 28 |
$42,145,500.00 |
-$15,554,165.00 |
-$0.00 |
$26,591,335.00 |
| 29 |
$44,253,000.00 |
-$16,333,940.00 |
-$0.00 |
$27,919,060.00 |
| 30 |
$46,465,500.00 |
-$17,152,565.00 |
-$0.00 |
$29,312,935.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$750,000,000.00 |
-$277,500,000.00 |
-$0.00 |
$472,500,000.00 |
|
