after the global business reorganization, caterpillar inc.' role was a service provider in exchange for a service fee. caterpillar licensed its right to caterpillar to make mention to purchase and distribute replacement parts and to uss caterpillar technology and trade mark on those products for sale outside the united states in exchange for a license fee. because they were related companies, these payments were subject to irs transfer pricing rules. pwc tested these prices annually, note only under the best method as required under u.s. law but also under each of the other relevant transfer pricing methods prescribed by the treasury regulations. each analysis in the arm's length nature of caterpillar's related party pricing. in addition to providing these tax services, pwc has been auditing kalt pillar's financial statements for many years. we've been asked foe address the applicable auditor independence rules. the delivery of tax kwulting services to clients subject to applicable safeguards has long been permitted by the rules of the s.e.c.,