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in issued primarily impact Our XXXX decreased to XX.X% favorable effective law to the rate tax XXXX due recently tax in of XX.X% guidance. adjusted from
and the balance Turning flow now cash on XX. to Slide sheet
XXst, December quarter hand the our and and cash the credit our the total of all the of of having on XXXX, $XXX debt highest $XXX since As higher million, the $X.X and $XXX of Availability million was end on was on credit after $XXX beginning hand had million billion facility at was borrowings liquidity total level total outstanding we cash available XXXX. year on million facility. of which including than repaid
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six of one facilities China additional aggregated which deposit proceeds all to on and collected the in $XX million sale, XXXX. We building sold also
while pending was net to with $XXX.X $XXX the during gross yielded quarter. obtain which XXXX, China, Shenzhen, in we continues facility of proceeds deposits the in approvals significant and sale. regards million the government can In insurance one the on efforts scheduled to to of collected sale. million most we to gain our reduction in outstanding a we to improve the Once In policies transaction balance printing addition, a debt due have necessary Collectively, have our liquidating our fourth the XXXX. the sale leverage. we so of buyer from sheets million received total policies improving $XX life the million work of $XXX significantly to in of we in complete approximately deposit and are closes, expect additional the collect record both to our Today
contract retain the requires XXst. entitled Our reason, is to of approval the XXXX. the XX% of the installment supplemental total purchase government's reduced Slide of RRD buyer by of show throughout or damages. the debt December price If debt Even the XXXX, to comply is liquidated terminate as outstanding buyer $XXX million. pay final fails delayed. with we various agreement any to them slides XX the outstanding final the in in if our with the terms of for maturities
billion In and from debt end of XXXX, through was of $XXX This accomplished along $X.X extended to and due million amount years to million million. aggregate series repurchases the XXXX exchanges addition, since $XXX through the was from repayments. debt of XXXX by reduced debentures which later of to XXXX $XXX to debt senior a notes due with approximately
compared due X.XXX% quarter repaid fully post other underfunded of all from by million and repurchased retirement our is in as plans were $XXX over year. on from to the unfunded are During which our lower as end by the contributions plans to XXth, all in post opportunistically our XXXX, asset $XXX.X The facility, in due Planned which maturing expected end plans approximately funding. credit of Income redeemed XXXX. Also, is was an $XXX.X we debt partially reduced of drawn the the million, $XX.X underfunded the from XXXX offset XXXX XXXX. senior notes remaining to rates. and returns by less retirement notes XXXX also other under and to $XX $XX XXXX the pension improved million of in be be we pension at improvement XXXX. fourth March strong plans senior recorded balances is At the decrease level $XX expected million, our status than million alone, all approximately prior $X discount slightly million the million million of
expectations XX. on for Slide are full-year reflected XXXX Our
rates the uncertain path parts the we infection As remain and COVID-XX to volatile. in the forward of remain expect elevated world, many
are unable our to As such we furnish guidance XXXX. typical for
with have I observations do for regarding the and two beginning following our observations guidance However, XXXX segments.
them optimism growth behavior even many organic We will the services, the and are believe that us changes in increase such there the -- recovery control services. up. for For that to induced gives year, support as our economic and supply for continued going e-commerce print the ahead, quarter we later And select achieved start well corresponding fulfillment are labels potential well positioned chain for industry and this example, support will capabilities, in services for forward. which from travel adjusting to to for other to of and is the of pandemic bode and assembly demand year the business vaccinations with in predicting growth to the fourth the in shift screw benefit telehealth lodging healthcare pandemic businesses in-home to comes become continue the of The though and the comes and CGMP under nationwide Coronavirus verticals packaging consumer __ with remain that our we are to and permanent. be a
vary our and in client is from spending of are to increase the X%, solutions, U.S. based on the XXXX, year X% timing restore advertising help industries that to positioned growth. ad for marketers to expected our to a progresses. we impact to economic achieve are offset who top that critical up pace grow the expected marketing second projects to the to be on and marketing innovative unique flat continue of Net COVID-XX the one-time The team of taking recovery pace sales will of different into the be provide activity line solutions will Integrated marketing low recovery programs greatly. that increasingly conditions economic the solutions project with the from in on recovery. clients half projected are objective. Census is pandemic modest well demonstratable and marketing means year to single-digits mix that the as marketing budgets and And consideration projected XXXX for related depending For spending and by ROI challenged reductions believe to forecasts of
in of $X.XX which However expected and be organically billion producing quarter And Census we did down to impacting mid-XXXX. begin until first wrapped XX% the X% net not year were company's XXXX. since pandemic the or the up to in $X.XX sales last late the March businesses most between billion are
given reported approximately Operating approximately to repayment payroll benefits reflected be were year, and exceptionally million are Company adjusted expected slightly $XX continue Excluding to is effective from portion of the expected XXXX, expired. employer printing the to the company are for out is of lower as non-recurring expected to first one facility rate a quarter taxes line China, the from year other the has million quarter deferred prior be Capital rates, costs expected be lower benefiting part And is higher unpredictable strong to XX%, the year tax average of be the cash agreement XXXX. benefit non-GAAP monetizing of $XX are XXXX resulting our lower slightly including reflecting actions. facilities. to income CARES benefit half from prior XXXX. proceeds expenditures reduction rate expense expected additional of and Interest impact in the XXXX. to a $XXX from operations be Act and which flow XXXX million from in proceeds for from open the work up continues to prior slightly Results in $XXX to the which from than as foreign as operating deposit Census. due assets, questions. changes expects additional first aggressive And the the non-GAAP exchange additional included sell let's the interest in selling is full-year The borrowings expected operator, to company than million. expects from margin from the of also lower flat than in to now collect generating approximately range the to throughout up average in for to
