| Cash Option ($453.1 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $453,100,000.00 |
-$167,607,330.00 |
-$0.00 |
$285,492,670.00 |
| Annuity ($1000 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$15,051,000.00 |
-$5,529,200.00 |
-$0.00 |
$9,521,800.00 |
| 2 |
$15,804,000.00 |
-$5,807,810.00 |
-$0.00 |
$9,996,190.00 |
| 3 |
$16,594,000.00 |
-$6,100,110.00 |
-$0.00 |
$10,493,890.00 |
| 4 |
$17,424,000.00 |
-$6,407,210.00 |
-$0.00 |
$11,016,790.00 |
| 5 |
$18,295,000.00 |
-$6,729,480.00 |
-$0.00 |
$11,565,520.00 |
| 6 |
$19,210,000.00 |
-$7,068,030.00 |
-$0.00 |
$12,141,970.00 |
| 7 |
$20,170,000.00 |
-$7,423,230.00 |
-$0.00 |
$12,746,770.00 |
| 8 |
$21,179,000.00 |
-$7,796,560.00 |
-$0.00 |
$13,382,440.00 |
| 9 |
$22,238,000.00 |
-$8,188,390.00 |
-$0.00 |
$14,049,610.00 |
| 10 |
$23,350,000.00 |
-$8,599,830.00 |
-$0.00 |
$14,750,170.00 |
| 11 |
$24,517,000.00 |
-$9,031,620.00 |
-$0.00 |
$15,485,380.00 |
| 12 |
$25,743,000.00 |
-$9,485,240.00 |
-$0.00 |
$16,257,760.00 |
| 13 |
$27,030,000.00 |
-$9,961,430.00 |
-$0.00 |
$17,068,570.00 |
| 14 |
$28,382,000.00 |
-$10,461,670.00 |
-$0.00 |
$17,920,330.00 |
| 15 |
$29,801,000.00 |
-$10,986,700.00 |
-$0.00 |
$18,814,300.00 |
| 16 |
$31,291,000.00 |
-$11,538,000.00 |
-$0.00 |
$19,753,000.00 |
| 17 |
$32,855,000.00 |
-$12,116,680.00 |
-$0.00 |
$20,738,320.00 |
| 18 |
$34,498,000.00 |
-$12,724,590.00 |
-$0.00 |
$21,773,410.00 |
| 19 |
$36,223,000.00 |
-$13,362,840.00 |
-$0.00 |
$22,860,160.00 |
| 20 |
$38,034,000.00 |
-$14,032,910.00 |
-$0.00 |
$24,001,090.00 |
| 21 |
$39,936,000.00 |
-$14,736,650.00 |
-$0.00 |
$25,199,350.00 |
| 22 |
$41,933,000.00 |
-$15,475,540.00 |
-$0.00 |
$26,457,460.00 |
| 23 |
$44,029,000.00 |
-$16,251,060.00 |
-$0.00 |
$27,777,940.00 |
| 24 |
$46,231,000.00 |
-$17,065,800.00 |
-$0.00 |
$29,165,200.00 |
| 25 |
$48,542,000.00 |
-$17,920,870.00 |
-$0.00 |
$30,621,130.00 |
| 26 |
$50,970,000.00 |
-$18,819,230.00 |
-$0.00 |
$32,150,770.00 |
| 27 |
$53,518,000.00 |
-$19,761,990.00 |
-$0.00 |
$33,756,010.00 |
| 28 |
$56,194,000.00 |
-$20,752,110.00 |
-$0.00 |
$35,441,890.00 |
| 29 |
$59,004,000.00 |
-$21,791,810.00 |
-$0.00 |
$37,212,190.00 |
| 30 |
$61,954,000.00 |
-$22,883,310.00 |
-$0.00 |
$39,070,690.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$1,000,000,000.00 |
-$370,000,000.00 |
-$0.00 |
$630,000,000.00 |
|
