SOAL II In its 2016 annual report to shareholders, the TheAvengersChemical Company included the following footnote excerpts on PROVISIONS in its annual report to shareholders: At December 31, 2016, The Avengershad recorded provisions aggregating $66.5 million for anticipated costs related to various environmental matters, primarily the remediation of numerous waste disposal sites and certain properties sold by Goodday. These costs include legal and consulting fees, site studies, the design and implementation of remediation plan post-remediation monitoring and related activities and will be paid over several years. The amount of Goodday's ultimate liability in respect of these matters may be affected by several uncertainties, primarily the ultimate cost of required remediation and the extent to which other responsible parties contribute At December 31, 2016, The Avengershad recorded provisions aggregating $218.7 million for potential product liability and other tort claims, including related legal fees expected to be incurred, presently asserted against Goodday. The amount recorded was determined on the basis of an assessment of potential liability using an analysis of a vailable information with respect to pending claims, historical experience and, where available, current trends The approximately 63,000 claimants alleging various asbestos related Avengers is a defendant in numerous lawsuits involving at December 31, 2016 personal injuries purported to result from exposure to asbestos in certain rubber coated products manufactured by The Avengers in the past or in certain The Avengers facilities. Typically these lawsuits have been brought against multiple defendants in courts. In the past, Th Avengers has disposed of approximately 22,000 cases by defending and obtaining the dismissal thereof or by entering into a settlement. The Avengers has policies and covera ge- in-place agreements with certain of its insurance carriers that cover a substantial portion of estimated indemnity payments and legal fees in respect of the pending claims. At December 31, 2016, The Avengers has recorded an asset in the amount it expects to collect under the policies and coverage-i n-place agreements with certain carriers related to its estimated asbestos provision. The Avengers has also commenced discussions with certain of its excess coverage insurance carriers to establish arrangements in respect of their policies Subject to the uncertainties referred to above, The Avengers has concluded that in respect of any of the above described liabilities, it is not possible that it would incur a loss exceeding the amount recognized at December 31, 2016, with respect thereto which would b material relative to the consolidated financial position, results of operations, or liquidity of The Avengers