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FINQA2000 | Please answer the given financial question based on the context.
Context: notes to consolidated financial statements level 3 rollforward if a derivative was transferred to level 3 during a reporting period , its entire gain or loss for the period is included in level 3 . transfers between levels are reported at the beginning of the reporting period in which they occur . in the tables below , negative amounts for transfers into level 3 and positive amounts for transfers out of level 3 represent net transfers of derivative liabilities . gains and losses on level 3 derivatives should be considered in the context of the following : 2030 a derivative with level 1 and/or level 2 inputs is classified in level 3 in its entirety if it has at least one significant level 3 input . 2030 if there is one significant level 3 input , the entire gain or loss from adjusting only observable inputs ( i.e. , level 1 and level 2 inputs ) is classified as level 3 . 2030 gains or losses that have been reported in level 3 resulting from changes in level 1 or level 2 inputs are frequently offset by gains or losses attributable to level 1 or level 2 derivatives and/or level 1 , level 2 and level 3 cash instruments . as a result , gains/ ( losses ) included in the level 3 rollforward below do not necessarily represent the overall impact on the firm 2019s results of operations , liquidity or capital resources . the tables below present changes in fair value for all derivatives categorized as level 3 as of the end of the year. .
|in millions|level 3 derivative assets and liabilities at fair value for the year ended december 2013 asset/ ( liability ) balance beginning of year|level 3 derivative assets and liabilities at fair value for the year ended december 2013 net realized gains/ ( losses )|level 3 derivative assets and liabilities at fair value for the year ended december 2013 net unrealized gains/ ( losses ) relating to instruments still held at year-end|level 3 derivative assets and liabilities at fair value for the year ended december 2013 purchases|level 3 derivative assets and liabilities at fair value for the year ended december 2013 sales|level 3 derivative assets and liabilities at fair value for the year ended december 2013 settlements|level 3 derivative assets and liabilities at fair value for the year ended december 2013 transfers into level 3|level 3 derivative assets and liabilities at fair value for the year ended december 2013 transfers out of level 3|level 3 derivative assets and liabilities at fair value for the year ended december 2013 asset/ ( liability ) balance endof year|
|interest rates 2014 net|$ -355 ( 355 )|$ -78 ( 78 )|$ 168|$ 1|$ -8 ( 8 )|$ 196|$ -9 ( 9 )|$ -1 ( 1 )|$ -86 ( 86 )|
|credit 2014 net|6228|-1 ( 1 )|-977 ( 977 )|201|-315 ( 315 )|-1508 ( 1508 )|695|-147 ( 147 )|4176|
|currencies 2014 net|35|-93 ( 93 )|-419 ( 419 )|22|-6 ( 6 )|169|139|-47 ( 47 )|-200 ( 200 )|
|commodities 2014 net|-304 ( 304 )|-6 ( 6 )|58|21|-48 ( 48 )|281|50|8|60|
|equities 2014 net|-1248 ( 1248 )|-67 ( 67 )|-202 ( 202 )|77|-472 ( 472 )|1020|-15 ( 15 )|-52 ( 52 )|-959 ( 959 )|
|total derivatives 2014 net|$ 4356|$ ( 245 ) 1|$ ( 1372 ) 1|$ 322|$ -849 ( 849 )|$ 158|$ 860|$ -239 ( 239 )|$ 2991|
1 . the aggregate amounts include losses of approximately $ 1.29 billion and $ 324 million reported in 201cmarket making 201d and 201cother principal transactions , 201d respectively . the net unrealized loss on level 3 derivatives of $ 1.37 billion for 2013 principally resulted from changes in level 2 inputs and was primarily attributable to losses on certain credit derivatives , principally due to the impact of tighter credit spreads , and losses on certain currency derivatives , primarily due to changes in foreign exchange rates . transfers into level 3 derivatives during 2013 primarily reflected transfers of credit derivative assets from level 2 , principally due to reduced transparency of upfront credit points and correlation inputs used to value these derivatives . transfers out of level 3 derivatives during 2013 primarily reflected transfers of certain credit derivatives to level 2 , principally due to unobservable credit spread and correlation inputs no longer being significant to the valuation of these derivatives and unobservable inputs not being significant to the net risk of certain portfolios . goldman sachs 2013 annual report 143 .
Question: what was the difference in millions in the aggregate amount of losses reported in 201cmarket making 201d and 201cother principal transactions 201d respectively?
Answer: | 966.0 |
FINQA2001 | Please answer the given financial question based on the context.
Context: expansion of the retail segment has required and will continue to require a substantial investment in fixed assets and related infrastructure , operating lease commitments , personnel , and other operating expenses . capital expenditures associated with the retail segment were $ 132 million in 2005 , bringing the total capital expenditures since inception of the retail segment to approximately $ 529 million . as of september 24 , 2005 , the retail segment had approximately 3673 employees and had outstanding operating lease commitments associated with retail store space and related facilities of approximately $ 606 million . the company would incur substantial costs should it choose to terminate its retail segment or close individual stores . such costs could adversely affect the company 2019s results of operations and financial condition . gross margin gross margin for each of the last three fiscal years are as follows ( in millions , except gross margin percentages ) : september 24 , september 25 , september 27 .
||september 24 2005|september 25 2004|september 27 2003|
|net sales|$ 13931|$ 8279|$ 6207|
|cost of sales|9888|6020|4499|
|gross margin|$ 4043|$ 2259|$ 1708|
|gross margin percentage|29.0% ( 29.0 % )|27.3% ( 27.3 % )|27.5% ( 27.5 % )|
gross margin increased in 2005 to 29.0% ( 29.0 % ) of net sales from 27.3% ( 27.3 % ) of net sales in 2004 . the company 2019s gross margin during 2005 increased due to more favorable pricing on certain commodity components including lcd flat-panel displays and dram memory ; an increase in higher margin software sales ; a favorable shift in direct sales related primarily to the company 2019s retail and online stores ; and higher overall revenue that provided for more leverage on fixed production costs . these increases to gross margin were partially offset by an increase in lower margin ipod sales . the company anticipates that its gross margin and the gross margin of the overall personal computer and consumer electronics industries will remain under pressure in light of price competition , especially for the ipod product line . the company expects gross margin percentage to decline in the first quarter of 2006 primarily as a result of a shift in the mix of revenue toward lower margin products such as the ipod and content from the itunes music store . the foregoing statements regarding the company 2019s expected gross margin are forward-looking . there can be no assurance that current gross margins will be maintained or targeted gross margin levels will be achieved . in general , gross margins and margins on individual products , including ipods , will remain under significant downward pressure due to a variety of factors , including continued industry wide global pricing pressures , increased competition , compressed product life cycles , potential increases in the cost and availability of raw material and outside manufacturing services , and potential changes to the company 2019s product mix , including higher unit sales of consumer products with lower average selling prices and lower gross margins . in response to these downward pressures , the company expects it will continue to take pricing actions with respect to its products . gross margins could also be affected by the company 2019s ability to effectively manage product quality and warranty costs and to stimulate demand for certain of its products . due to the company 2019s significant international operations , financial results can be significantly affected in the short-term by fluctuations in exchange rates. .
Question: what was the largest gross margin in millions dollars over the three year period?
Answer: | 4043.0 |
FINQA2002 | Please answer the given financial question based on the context.
Context: issuer purchases of equity securities the following table provides information about our repurchases of common stock during the three-month period ended december 31 , 2007 . period total number of shares purchased average price paid per total number of shares purchased as part of publicly announced program ( a ) maximum number of shares that may yet be purchased under the program ( b ) .
|period|total number ofshares purchased|average pricepaid pershare|total number of sharespurchased as part ofpubliclyannouncedprogram ( a )|maximum number ofshares that may yet bepurchased under theprogram ( b )|
|october|127100|$ 108.58|127100|35573131|
|november|1504300|109.07|1504300|34068831|
|december|1325900|108.78|1325900|32742931|
( a ) we repurchased a total of 2957300 shares of our common stock during the quarter ended december 31 , 2007 under a share repurchase program that we announced in october 2002 . ( b ) our board of directors has approved a share repurchase program for the repurchase of up to 128 million shares of our common stock from time-to-time , including 20 million shares approved for repurchase by our board of directors in september 2007 . under the program , management has discretion to determine the number and price of the shares to be repurchased , and the timing of any repurchases , in compliance with applicable law and regulation . as of december 31 , 2007 , we had repurchased a total of 95.3 million shares under the program . in 2007 , we did not make any unregistered sales of equity securities. .
Question: how many shares in millions are available to be repurchased under the approved share repurchase program?
Answer: | 32.7 |
FINQA2003 | Please answer the given financial question based on the context.
Context: entergy arkansas , inc . and subsidiaries management 2019s financial discussion and analysis plan to spin off the utility 2019s transmission business see the 201cplan to spin off the utility 2019s transmission business 201d section of entergy corporation and subsidiaries management 2019s financial discussion and analysis for a discussion of this matter , including the planned retirement of debt and preferred securities . results of operations net income 2011 compared to 2010 net income decreased $ 7.7 million primarily due to a higher effective income tax rate , lower other income , and higher other operation and maintenance expenses , substantially offset by higher net revenue , lower depreciation and amortization expenses , and lower interest expense . 2010 compared to 2009 net income increased $ 105.7 million primarily due to higher net revenue , a lower effective income tax rate , higher other income , and lower depreciation and amortization expenses , partially offset by higher other operation and maintenance expenses . net revenue 2011 compared to 2010 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2011 to 2010 . amount ( in millions ) .
||amount ( in millions )|
|2010 net revenue|$ 1216.7|
|retail electric price|31.0|
|ano decommissioning trust|26.4|
|transmission revenue|13.1|
|volume/weather|-15.9 ( 15.9 )|
|net wholesale revenue|-11.9 ( 11.9 )|
|capacity acquisition recovery|-10.3 ( 10.3 )|
|other|3.2|
|2011 net revenue|$ 1252.3|
the retail electric price variance is primarily due to a base rate increase effective july 2010 . see note 2 to the financial statements for more discussion of the rate case settlement . the ano decommissioning trust variance is primarily related to the deferral of investment gains from the ano 1 and 2 decommissioning trust in 2010 in accordance with regulatory treatment . the gains resulted in an increase in 2010 in interest and investment income and a corresponding increase in regulatory charges with no effect on net income. .
Question: what is the percent increase in net revenue from 2010 to 2011?
Answer: | 0.02926 |
FINQA2004 | Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis 84 jpmorgan chase & co . / 2008 annual report tier 1 capital was $ 136.1 billion at december 31 , 2008 , compared with $ 88.7 billion at december 31 , 2007 , an increase of $ 47.4 billion . the following table presents the changes in tier 1 capital for the year ended december 31 , 2008. .
|tier 1capital december 31 2007 ( in millions )|$ 88746|
|net income|5605|
|issuance of cumulative perpetual preferred stock tou.s . treasury|23750|
|warrant issued to u.s . treasury in connection withissuance of preferred stock|1250|
|issuance of noncumulative perpetual preferred stock|7800|
|issuance of preferred stock 2013 conversion of bear stearnspreferred stock|352|
|net issuance of common stock|11485|
|net issuance of common stock under employee stock-basedcompensation plans|3317|
|net issuance of common stock in connection with thebear stearns merger|1198|
|dividends declared|-6307 ( 6307 )|
|net issuance of qualifying trust preferred capital debtsecurities|2619|
|dva on structured debt and derivative liabilities|-1475 ( 1475 )|
|goodwill and other nonqualifying intangibles ( net ofdeferred tax liabilities )|-1357 ( 1357 )|
|other|-879 ( 879 )|
|increase in tier 1 capital|47358|
|tier 1 capital december 31 2008|$ 136104|
additional information regarding the firm 2019s capital ratios and the federal regulatory capital standards to which it is subject , and the capital ratios for the firm 2019s significant banking subsidiaries at december 31 , 2008 and 2007 , are presented in note 30 on pages 212 2013213 of this annual report . capital purchase program pursuant to the capital purchase program , on october 28 , 2008 , the firm issued to the u.s . treasury , for total proceeds of $ 25.0 billion , ( i ) 2.5 million shares of series k preferred stock , and ( ii ) a warrant to pur- chase up to 88401697 shares of the firm 2019s common stock , at an exer- cise price of $ 42.42 per share , subject to certain antidilution and other adjustments . the series k preferred stock qualifies as tier 1 capital . the series k preferred stock bears cumulative dividends at a rate of 5% ( 5 % ) per year for the first five years and 9% ( 9 % ) per year thereafter . the series k preferred stock ranks equally with the firm 2019s existing 6.15% ( 6.15 % ) cumulative preferred stock , series e ; 5.72% ( 5.72 % ) cumulative preferred stock , series f ; 5.49% ( 5.49 % ) cumulative preferred stock , series g ; fixed- to-floating rate noncumulative perpetual preferred stock , series i ; and 8.63% ( 8.63 % ) noncumulative perpetual preferred stock , series j , in terms of dividend payments and upon liquidation of the firm . any accrued and unpaid dividends on the series k preferred stock must be fully paid before dividends may be declared or paid on stock ranking junior or equally with the series k preferred stock . pursuant to the capital purchase program , until october 28 , 2011 , the u.s . treasury 2019s consent is required for any increase in dividends on the firm 2019s common stock from the amount of the last quarterly stock div- idend declared by the firm prior to october 14 , 2008 , unless the series k preferred stock is redeemed in whole before then , or the u.s . treasury has transferred all of the series k preferred stock it owns to third parties . the firm may not repurchase or redeem any common stock or other equity securities of the firm , or any trust preferred securities issued by the firm or any of its affiliates , without the prior consent of the u.s . treasury ( other than ( i ) repurchases of the series k preferred stock and ( ii ) repurchases of junior preferred shares or common stock in connection with any employee benefit plan in the ordinary course of business consistent with past practice ) . basel ii the minimum risk-based capital requirements adopted by the u.s . federal banking agencies follow the capital accord of the basel committee on banking supervision . in 2004 , the basel committee published a revision to the accord ( 201cbasel ii 201d ) . the goal of the new basel ii framework is to provide more risk-sensitive regulatory capital calculations and promote enhanced risk management practices among large , internationally active banking organizations . u.s . bank- ing regulators published a final basel ii rule in december 2007 , which will require jpmorgan chase to implement basel ii at the holding company level , as well as at certain of its key u.s . bank subsidiaries . prior to full implementation of the new basel ii framework , jpmorgan chase will be required to complete a qualification period of four consecutive quarters during which it will need to demonstrate that it meets the requirements of the new rule to the satisfaction of its primary u.s . banking regulators . the u.s . implementation timetable consists of the qualification period , starting any time between april 1 , 2008 , and april 1 , 2010 , followed by a minimum transition period of three years . during the transition period , basel ii risk-based capital requirements cannot fall below certain floors based on current ( 201cbasel l 201d ) regulations . jpmorgan chase expects to be in compliance with all relevant basel ii rules within the estab- lished timelines . in addition , the firm has adopted , and will continue to adopt , based upon various established timelines , basel ii in certain non-u.s . jurisdictions , as required . broker-dealer regulatory capital jpmorgan chase 2019s principal u.s . broker-dealer subsidiaries are j.p . morgan securities inc . ( 201cjpmorgan securities 201d ) and j.p . morgan clearing corp . ( formerly known as bear stearns securities corp. ) . jpmorgan securities and j.p . morgan clearing corp . are each subject to rule 15c3-1 under the securities exchange act of 1934 ( 201cnet capital rule 201d ) . jpmorgan securities and j.p . morgan clearing corp . are also registered as futures commission merchants and subject to rule 1.17 under the commodity futures trading commission ( 201ccftc 201d ) . jpmorgan securities and j.p . morgan clearing corp . have elected to compute their minimum net capital requirements in accordance with the 201calternative net capital requirement 201d of the net capital rule . at december 31 , 2008 , jpmorgan securities 2019 net capital , as defined by the net capital rule , of $ 7.2 billion exceeded the minimum require- ment by $ 6.6 billion . in addition to its net capital requirements , jpmorgan securities is required to hold tentative net capital in excess jpmorgan chase & co . / 2008 annual report84 .
Question: what percentage of the increase in tier 1 capital was due to issuance of cumulative perpetual preferred stock to u.s . treasury?
Answer: | 0.5015 |
FINQA2005 | Please answer the given financial question based on the context.
Context: repurchase of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2012 to december 31 , 2012 . total number of shares ( or units ) purchased 1 average price paid per share ( or unit ) 2 total number of shares ( or units ) purchased as part of publicly announced plans or programs 3 maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs 3 .
||total number ofshares ( or units ) purchased1|average price paidper share ( or unit ) 2|total number ofshares ( or units ) purchased as part ofpublicly announcedplans or programs3|maximum number ( or approximate dollar value ) of shares ( or units ) that mayyet be purchased under theplans or programs3|
|october 1 - 31|13566|$ 10.26|0|$ 148858924|
|november 1 - 30|5345171|$ 9.98|5343752|$ 195551133|
|december 1 - 31|8797959|$ 10.87|8790000|$ 99989339|
|total|14156696|$ 10.53|14133752||
1 includes shares of our common stock , par value $ 0.10 per share , withheld under the terms of grants under employee stock-based compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares ( the 201cwithheld shares 201d ) . we repurchased 13566 withheld shares in october 2012 , 1419 withheld shares in november 2012 and 7959 withheld shares in december 2012 , for a total of 22944 withheld shares during the three-month period . 2 the average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum of the applicable period of the aggregate value of the tax withholding obligations and the aggregate amount we paid for shares acquired under our stock repurchase program , described in note 5 to the consolidated financial statements , by the sum of the number of withheld shares and the number of shares acquired in our stock repurchase program . 3 on february 24 , 2012 , we announced in a press release that our board had approved a share repurchase program to repurchase from time to time up to $ 300.0 million of our common stock ( the 201c2012 share repurchase program 201d ) , in addition to amounts available on existing authorizations . on november 20 , 2012 , we announced in a press release that our board had authorized an increase in our 2012 share repurchase program to $ 400.0 million of our common stock . on february 22 , 2013 , we announced that our board had approved a new share repurchase program to repurchase from time to time up to $ 300.0 million of our common stock . the new authorization is in addition to any amounts remaining available for repurchase under the 2012 share repurchase program . there is no expiration date associated with the share repurchase programs. .
Question: what was the percent of the withheld shares repurchased in october during the three-month period
Answer: | 0.59127 |
FINQA2006 | Please answer the given financial question based on the context.
Context: 2022 through the u.s . attorney 2019s office for the district of maryland , the office of the inspector general ( 201coig 201d ) for the small business administration ( 201csba 201d ) has served a subpoena on pnc requesting documents concerning pnc 2019s relationship with , including sba-guaranteed loans made through , a broker named jade capital investments , llc ( 201cjade 201d ) , as well as information regarding other pnc-originated sba guaranteed loans made to businesses located in the state of maryland , the commonwealth of virginia , and washington , dc . certain of the jade loans have been identified in an indictment and subsequent superseding indictment charging persons associated with jade with conspiracy to commit bank fraud , substantive violations of the federal bank fraud statute , and money laundering . pnc is cooperating with the u.s . attorney 2019s office for the district of maryland . our practice is to cooperate fully with regulatory and governmental investigations , audits and other inquiries , including those described in this note 23 . in addition to the proceedings or other matters described above , pnc and persons to whom we may have indemnification obligations , in the normal course of business , are subject to various other pending and threatened legal proceedings in which claims for monetary damages and other relief are asserted . we do not anticipate , at the present time , that the ultimate aggregate liability , if any , arising out of such other legal proceedings will have a material adverse effect on our financial position . however , we cannot now determine whether or not any claims asserted against us or others to whom we may have indemnification obligations , whether in the proceedings or other matters described above or otherwise , will have a material adverse effect on our results of operations in any future reporting period , which will depend on , among other things , the amount of the loss resulting from the claim and the amount of income otherwise reported for the reporting period . see note 24 commitments and guarantees for additional information regarding the visa indemnification and our other obligations to provide indemnification , including to current and former officers , directors , employees and agents of pnc and companies we have acquired . note 24 commitments and guarantees equity funding and other commitments our unfunded commitments at december 31 , 2013 included private equity investments of $ 164 million . standby letters of credit we issue standby letters of credit and have risk participations in standby letters of credit issued by other financial institutions , in each case to support obligations of our customers to third parties , such as insurance requirements and the facilitation of transactions involving capital markets product execution . net outstanding standby letters of credit and internal credit ratings were as follows : table 151 : net outstanding standby letters of credit dollars in billions december 31 december 31 net outstanding standby letters of credit ( a ) $ 10.5 $ 11.5 internal credit ratings ( as a percentage of portfolio ) : .
|dollars in billions|december 31 2013|december 312012|
|net outstanding standby letters of credit ( a )|$ 10.5|$ 11.5|
|internal credit ratings ( as a percentage of portfolio ) :|||
|pass ( b )|96% ( 96 % )|95% ( 95 % )|
|below pass ( c )|4% ( 4 % )|5% ( 5 % )|
( a ) the amounts above exclude participations in standby letters of credit of $ 3.3 billion and $ 3.2 billion to other financial institutions as of december 31 , 2013 and december 31 , 2012 , respectively . the amounts above include $ 6.6 billion and $ 7.5 billion which support remarketing programs at december 31 , 2013 and december 31 , 2012 , respectively . ( b ) indicates that expected risk of loss is currently low . ( c ) indicates a higher degree of risk of default . if the customer fails to meet its financial or performance obligation to the third party under the terms of the contract or there is a need to support a remarketing program , then upon a draw by a beneficiary , subject to the terms of the letter of credit , we would be obligated to make payment to them . the standby letters of credit outstanding on december 31 , 2013 had terms ranging from less than 1 year to 6 years . as of december 31 , 2013 , assets of $ 2.0 billion secured certain specifically identified standby letters of credit . in addition , a portion of the remaining standby letters of credit issued on behalf of specific customers is also secured by collateral or guarantees that secure the customers 2019 other obligations to us . the carrying amount of the liability for our obligations related to standby letters of credit and participations in standby letters of credit was $ 218 million at december 31 , 2013 . standby bond purchase agreements and other liquidity facilities we enter into standby bond purchase agreements to support municipal bond obligations . at december 31 , 2013 , the aggregate of our commitments under these facilities was $ 1.3 billion . we also enter into certain other liquidity facilities to support individual pools of receivables acquired by commercial paper conduits . there were no commitments under these facilities at december 31 , 2013 . 212 the pnc financial services group , inc . 2013 form 10-k .
Question: if you include the balance of standby letters of credit to other financial institutions as of december 31 , 2013 , what would be the balance in billions of net outstanding standby letters of credit ?
Answer: | 13.8 |
FINQA2007 | Please answer the given financial question based on the context.
Context: backlog applied manufactures systems to meet demand represented by order backlog and customer commitments . backlog consists of : ( 1 ) orders for which written authorizations have been accepted and assigned shipment dates are within the next 12 months , or shipment has occurred but revenue has not been recognized ; and ( 2 ) contractual service revenue and maintenance fees to be earned within the next 12 months . backlog by reportable segment as of october 25 , 2015 and october 26 , 2014 was as follows : 2015 2014 ( in millions , except percentages ) .
||2015|2014||( in millions except percentages )|
|silicon systems|$ 1720|55% ( 55 % )|$ 1400|48% ( 48 % )|
|applied global services|812|26% ( 26 % )|775|27% ( 27 % )|
|display|525|16% ( 16 % )|593|20% ( 20 % )|
|energy and environmental solutions|85|3% ( 3 % )|149|5% ( 5 % )|
|total|$ 3142|100% ( 100 % )|$ 2917|100% ( 100 % )|
applied 2019s backlog on any particular date is not necessarily indicative of actual sales for any future periods , due to the potential for customer changes in delivery schedules or order cancellations . customers may delay delivery of products or cancel orders prior to shipment , subject to possible cancellation penalties . delays in delivery schedules or a reduction of backlog during any particular period could have a material adverse effect on applied 2019s business and results of operations . manufacturing , raw materials and supplies applied 2019s manufacturing activities consist primarily of assembly , test and integration of various proprietary and commercial parts , components and subassemblies that are used to manufacture systems . applied has implemented a distributed manufacturing model under which manufacturing and supply chain activities are conducted in various countries , including germany , israel , italy , singapore , taiwan , the united states and other countries in asia . applied uses numerous vendors , including contract manufacturers , to supply parts and assembly services for the manufacture and support of its products , including some systems being completed at customer sites . although applied makes reasonable efforts to assure that parts are available from multiple qualified suppliers , this is not always possible . accordingly , some key parts may be obtained from only a single supplier or a limited group of suppliers . applied seeks to reduce costs and to lower the risks of manufacturing and service interruptions by selecting and qualifying alternate suppliers for key parts ; monitoring the financial condition of key suppliers ; maintaining appropriate inventories of key parts ; qualifying new parts on a timely basis ; and ensuring quality and performance of parts. .
Question: what is the growth rate in silicon systems from 2014 to 2015?
Answer: | 0.22857 |
FINQA2008 | Please answer the given financial question based on the context.
Context: our overall gross margin percentage decreased to 59.8% ( 59.8 % ) in 2013 from 62.1% ( 62.1 % ) in 2012 . the decrease in the gross margin percentage was primarily due to the gross margin percentage decrease in pccg . we derived most of our overall gross margin dollars in 2013 and 2012 from the sale of platforms in the pccg and dcg operating segments . our net revenue for 2012 , which included 52 weeks , decreased by $ 658 million , or 1% ( 1 % ) , compared to 2011 , which included 53 weeks . the pccg and dcg platform unit sales decreased 1% ( 1 % ) while average selling prices were unchanged . additionally , lower netbook platform unit sales and multi-comm average selling prices , primarily discrete modems , contributed to the decrease . these decreases were partially offset by our mcafee operating segment , which we acquired in the q1 2011 . mcafee contributed $ 469 million of additional revenue in 2012 compared to 2011 . our overall gross margin dollars for 2012 decreased by $ 606 million , or 2% ( 2 % ) , compared to 2011 . the decrease was due in large part to $ 494 million of excess capacity charges , as well as lower revenue from the pccg and dcg platform . to a lesser extent , approximately $ 390 million of higher unit costs on the pccg and dcg platform as well as lower netbook and multi-comm revenue contributed to the decrease . the decrease was partially offset by $ 643 million of lower factory start-up costs as we transition from our 22nm process technology to r&d of our next- generation 14nm process technology , as well as $ 422 million of charges recorded in 2011 to repair and replace materials and systems impacted by a design issue related to our intel ae 6 series express chipset family . the decrease was also partially offset by the two additional months of results from our acquisition of mcafee , which occurred on february 28 , 2011 , contributing approximately $ 334 million of additional gross margin dollars in 2012 compared to 2011 . the amortization of acquisition-related intangibles resulted in a $ 557 million reduction to our overall gross margin dollars in 2012 , compared to $ 482 million in 2011 , primarily due to acquisitions completed in q1 2011 . our overall gross margin percentage in 2012 was flat from 2011 as higher excess capacity charges and higher unit costs on the pccg and dcg platform were offset by lower factory start-up costs and no impact in 2012 for a design issue related to our intel 6 series express chipset family . we derived a substantial majority of our overall gross margin dollars in 2012 and 2011 from the sale of platforms in the pccg and dcg operating segments . pc client group the revenue and operating income for the pccg operating segment for each period were as follows: .
|( in millions )|2013|2012|2011|
|net revenue|$ 33039|$ 34504|$ 35624|
|operating income|$ 11827|$ 13106|$ 14840|
net revenue for the pccg operating segment decreased by $ 1.5 billion , or 4% ( 4 % ) , in 2013 compared to 2012 . pccg platform unit sales were down 3% ( 3 % ) primarily on softness in traditional pc demand during the first nine months of the year . the decrease in revenue was driven by lower notebook and desktop platform unit sales which were down 4% ( 4 % ) and 2% ( 2 % ) , respectively . pccg platform average selling prices were flat , with 6% ( 6 % ) higher desktop platform average selling prices offset by 4% ( 4 % ) lower notebook platform average selling prices . operating income decreased by $ 1.3 billion , or 10% ( 10 % ) , in 2013 compared to 2012 , which was driven by $ 1.5 billion of lower gross margin , partially offset by $ 200 million of lower operating expenses . the decrease in gross margin was driven by $ 1.5 billion of higher factory start-up costs primarily on our next-generation 14nm process technology as well as lower pccg platform revenue . these decreases were partially offset by approximately $ 520 million of lower pccg platform unit costs , $ 260 million of lower excess capacity charges , and higher sell-through of previously non- qualified units . net revenue for the pccg operating segment decreased by $ 1.1 billion , or 3% ( 3 % ) , in 2012 compared to 2011 . pccg revenue was negatively impacted by the growth of tablets as these devices compete with pcs for consumer sales . platform average selling prices and unit sales decreased 2% ( 2 % ) and 1% ( 1 % ) , respectively . the decrease was driven by 6% ( 6 % ) lower notebook platform average selling prices and 5% ( 5 % ) lower desktop platform unit sales . these decreases were partially offset by a 4% ( 4 % ) increase in desktop platform average selling prices and a 2% ( 2 % ) increase in notebook platform unit sales . table of contents management 2019s discussion and analysis of financial condition and results of operations ( continued ) .
Question: what was the operating margin for the pc client group in 2013?
Answer: | 0.35797 |
FINQA2009 | Please answer the given financial question based on the context.
Context: issuer purchases of equity securities the following table provides information about purchases by us during the three months ended december 31 , 2013 of equity securities that are registered by us pursuant to section 12 of the exchange act : period total number of shares purchased ( 1 ) average price paid per share total number of shares purchased as part of publicly announced plans or programs ( 1 ) ( 2 ) dollar value of shares that may yet be purchased under the plans or programs ( 1 ) .
|period|total number of shares purchased ( 1 )|average price paid per share|total number of shares purchased as part of publicly announcedplans or programs ( 1 ) ( 2 )|dollar value of shares that may yet be purchased under the plans orprograms ( 1 )|
|october 2013|0|$ 0|0|$ 781118739|
|november 2013|1191867|98.18|1191867|664123417|
|december 2013|802930|104.10|802930|580555202|
|total|1994797|$ 100.56|1994797||
( 1 ) as announced on may 1 , 2013 , in april 2013 , the board of directors replaced its previously approved share repurchase authorization of up to $ 1 billion with a current authorization for repurchases of up to $ 1 billion of our common shares exclusive of shares repurchased in connection with employee stock plans , expiring on june 30 , 2015 . under the current share repurchase authorization , shares may be purchased from time to time at prevailing prices in the open market , by block purchases , or in privately-negotiated transactions , subject to certain regulatory restrictions on volume , pricing , and timing . as of february 1 , 2014 , the remaining authorized amount under the current authorization totaled approximately $ 580 million . ( 2 ) excludes 0.1 million shares repurchased in connection with employee stock plans. .
Question: what is the percentage of shares purchased in november concerning the whole 2013 year?
Answer: | 0.59749 |
FINQA2010 | Please answer the given financial question based on the context.
Context: the company expects to amortize $ 1.7 million of actuarial loss from accumulated other comprehensive income ( loss ) into net periodic benefit costs in 2011 . at december 31 , 2010 , anticipated benefit payments from the plan in future years are as follows: .
|( in millions )|year|
|2011|$ 7.2|
|2012|8.2|
|2013|8.6|
|2014|9.5|
|2015|10.0|
|2016-2020|62.8|
savings plans . cme maintains a defined contribution savings plan pursuant to section 401 ( k ) of the internal revenue code , whereby all u.s . employees are participants and have the option to contribute to this plan . cme matches employee contributions up to 3% ( 3 % ) of the employee 2019s base salary and may make additional discretionary contributions of up to 2% ( 2 % ) of base salary . in addition , certain cme london-based employees are eligible to participate in a defined contribution plan . for cme london-based employees , the plan provides for company contributions of 10% ( 10 % ) of earnings and does not have any vesting requirements . salary and cash bonuses paid are included in the definition of earnings . aggregate expense for all of the defined contribution savings plans amounted to $ 6.3 million , $ 5.2 million and $ 5.8 million in 2010 , 2009 and 2008 , respectively . cme non-qualified plans . cme maintains non-qualified plans , under which participants may make assumed investment choices with respect to amounts contributed on their behalf . although not required to do so , cme invests such contributions in assets that mirror the assumed investment choices . the balances in these plans are subject to the claims of general creditors of the exchange and totaled $ 28.8 million and $ 23.4 million at december 31 , 2010 and 2009 , respectively . although the value of the plans is recorded as an asset in the consolidated balance sheets , there is an equal and offsetting liability . the investment results of these plans have no impact on net income as the investment results are recorded in equal amounts to both investment income and compensation and benefits expense . supplemental savings plan 2014cme maintains a supplemental plan to provide benefits for employees who have been impacted by statutory limits under the provisions of the qualified pension and savings plan . all cme employees hired prior to january 1 , 2007 are immediately vested in their supplemental plan benefits . all cme employees hired on or after january 1 , 2007 are subject to the vesting requirements of the underlying qualified plans . total expense for the supplemental plan was $ 0.9 million , $ 0.7 million and $ 1.3 million for 2010 , 2009 and 2008 , respectively . deferred compensation plan 2014a deferred compensation plan is maintained by cme , under which eligible officers and members of the board of directors may contribute a percentage of their compensation and defer income taxes thereon until the time of distribution . nymexmembers 2019 retirement plan and benefits . nymex maintained a retirement and benefit plan under the commodities exchange , inc . ( comex ) members 2019 recognition and retention plan ( mrrp ) . this plan provides benefits to certain members of the comex division based on long-term membership , and participation is limited to individuals who were comex division members prior to nymex 2019s acquisition of comex in 1994 . no new participants were permitted into the plan after the date of this acquisition . under the terms of the mrrp , the company is required to fund the plan with a minimum annual contribution of $ 0.4 million until it is fully funded . all benefits to be paid under the mrrp are based on reasonable actuarial assumptions which are based upon the amounts that are available and are expected to be available to pay benefits . total contributions to the plan were $ 0.8 million for each of 2010 , 2009 and for the period august 23 through december 31 , 2008 . at december 31 , 2010 and 2009 , the total obligation for the mrrp totaled $ 20.7 million and $ 20.5 million .
Question: what was the average 2010 and 2009 total liability for the mrrp , in millions?
Answer: | 20.6 |
FINQA2011 | Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis 164 jpmorgan chase & co./2013 annual report firm ) is required to hold more than the additional 2.5% ( 2.5 % ) of tier 1 common . in addition , basel iii establishes a 6.5% ( 6.5 % ) tier i common equity standard for the definition of 201cwell capitalized 201d under the prompt corrective action ( 201cpca 201d ) requirements of the fdic improvement act ( 201cfdicia 201d ) . the tier i common equity standard is effective from the first quarter of 2015 . the following chart presents the basel iii minimum risk-based capital ratios during the transitional periods and on a fully phased-in basis . the chart also includes management 2019s target for the firm 2019s tier 1 common ratio . it is the firm 2019s current expectation that its basel iii tier 1 common ratio will exceed the regulatory minimums , both during the transition period and upon full implementation in 2019 and thereafter . the firm estimates that its tier 1 common ratio under the basel iii advanced approach on a fully phased-in basis would be 9.5% ( 9.5 % ) as of december 31 , 2013 , achieving management 2019s previously stated objectives . the tier 1 common ratio as calculated under the basel iii standardized approach is estimated at 9.4% ( 9.4 % ) as of december 31 , 2013 . the tier 1 common ratio under both basel i and basel iii are non-gaap financial measures . however , such measures are used by bank regulators , investors and analysts to assess the firm 2019s capital position and to compare the firm 2019s capital to that of other financial services companies . the following table presents a comparison of the firm 2019s tier 1 common under basel i rules to its estimated tier 1 common under the advanced approach of the basel iii rules , along with the firm 2019s estimated risk-weighted assets . key differences in the calculation of rwa between basel i and basel iii advanced approach include : ( 1 ) basel iii credit risk rwa is based on risk-sensitive approaches which largely rely on the use of internal credit models and parameters , whereas basel i rwa is based on fixed supervisory risk- weightings which vary only by counterparty type and asset class ; and ( 2 ) basel iii includes rwa for operational risk , whereas basel i does not . operational risk capital takes into consideration operational losses in the quarter following the period in which those losses were realized , and the calculation generally incorporates such losses irrespective of whether the issues or business activity giving rise to the losses have been remediated or reduced . the firm 2019s operational risk capital model continues to be refined in conjunction with the firm 2019s basel iii advanced approach parallel run . as a result of model enhancements in 2013 , as well as taking into consideration the legal expenses incurred by the firm in 2013 , the firm 2019s operational risk capital increased substantially in 2013 over 2012 . tier 1 common under basel iii includes additional adjustments and deductions not included in basel i tier 1 common , such as the inclusion of accumulated other comprehensive income ( 201caoci 201d ) related to afs securities and defined benefit pension and other postretirement employee benefit ( 201copeb 201d ) plans . december 31 , 2013 ( in millions , except ratios ) .
|tier 1 common under basel i rules|$ 148887|
|adjustments related to aoci for afs securities and defined benefit pension and opeb plans|1474|
|add back of basel i deductions ( a )|1780|
|deduction for deferred tax asset related to net operating loss and foreign tax credit carryforwards|-741 ( 741 )|
|all other adjustments|-198 ( 198 )|
|estimated tier 1 common under basel iii rules|$ 151202|
|estimated risk-weighted assets under basel iii advanced approach ( b )|$ 1590873|
|estimated tier 1 common ratio under basel iii advanced approach ( c )|9.5% ( 9.5 % )|
estimated risk-weighted assets under basel iii advanced approach ( b ) $ 1590873 estimated tier 1 common ratio under basel iii advanced approach ( c ) 9.5% ( 9.5 % ) ( a ) certain exposures , which are deducted from capital under basel i , are risked-weighted under basel iii. .
Question: in december 2013 what was the ratio of the estimated risk-weighted assets under basel iii advanced approach to the estimated tier 1 common under basel iii rules
Answer: | 10.52151 |
FINQA2012 | Please answer the given financial question based on the context.
Context: to determine stock-based compensation expense , the grant- date fair value is applied to the options granted with a reduction for estimated forfeitures . we recognize compensation expense for stock options on a straight-line basis over the pro rata vesting period . at december 31 , 2011 and 2010 , options for 12337000 and 13397000 shares of common stock were exercisable at a weighted-average price of $ 106.08 and $ 118.21 , respectively . the total intrinsic value of options exercised during 2012 , 2011 and 2010 was $ 37 million , $ 4 million and $ 5 million . cash received from option exercises under all incentive plans for 2012 , 2011 and 2010 was approximately $ 118 million , $ 41 million and $ 15 million , respectively . the actual tax benefit realized for tax deduction purposes from option exercises under all incentive plans for 2012 , 2011 and 2010 was approximately $ 41 million , $ 14 million and $ 5 million , respectively . there were no options granted in excess of market value in 2012 , 2011 or 2010 . shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 29192854 at december 31 , 2012 . total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 30537674 shares at december 31 , 2012 , which includes shares available for issuance under the incentive plans and the employee stock purchase plan ( espp ) as described below . during 2012 , we issued approximately 1.7 million shares from treasury stock in connection with stock option exercise activity . as with past exercise activity , we currently intend to utilize primarily treasury stock for any future stock option exercises . awards granted to non-employee directors in 2012 , 2011 and 2010 include 25620 , 27090 and 29040 deferred stock units , respectively , awarded under the outside directors deferred stock unit plan . a deferred stock unit is a phantom share of our common stock , which requires liability accounting treatment until such awards are paid to the participants as cash . as there are no vesting or service requirements on these awards , total compensation expense is recognized in full on awarded deferred stock units on the date of grant . incentive/performance unit share awards and restricted stock/unit awards the fair value of nonvested incentive/performance unit share awards and restricted stock/unit awards is initially determined based on prices not less than the market value of our common stock price on the date of grant . the value of certain incentive/ performance unit share awards is subsequently remeasured based on the achievement of one or more financial and other performance goals generally over a three-year period . the personnel and compensation committee of the board of directors approves the final award payout with respect to incentive/performance unit share awards . restricted stock/unit awards have various vesting periods generally ranging from 36 months to 60 months . beginning in 2012 , we incorporated several risk-related performance changes to certain incentive compensation programs . in addition to achieving certain financial performance metrics relative to our peers , the final payout amount will be subject to a negative adjustment if pnc fails to meet certain risk-related performance metrics as specified in the award agreement . however , the p&cc has the discretion to reduce any or all of this negative adjustment under certain circumstances . these awards have a three-year performance period and are payable in either stock or a combination of stock and cash . additionally , performance-based restricted share units were granted in 2012 to certain of our executives in lieu of stock options , with generally the same terms and conditions as the 2011 awards of the same . the weighted-average grant-date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2012 , 2011 and 2010 was $ 60.68 , $ 63.25 and $ 54.59 per share , respectively . we recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program . table 130 : nonvested incentive/performance unit share awards and restricted stock/unit awards 2013 rollforward shares in thousands nonvested incentive/ performance unit shares weighted- average date fair nonvested restricted stock/ shares weighted- average date fair .
|shares in thousands december 31 2011|nonvested incentive/ performance unit shares 830|weighted-averagegrantdate fairvalue $ 61.68|nonvested restricted stock/ unit shares 2512|weighted-averagegrantdate fairvalue $ 54.87|
|granted|465|60.70|1534|60.67|
|vested|-100 ( 100 )|64.21|-831 ( 831 )|45.47|
|forfeited|-76 ( 76 )|60.27|-154 ( 154 )|60.51|
|december 31 2012|1119|$ 61.14|3061|$ 60.04|
in the chart above , the unit shares and related weighted- average grant-date fair value of the incentive/performance awards exclude the effect of dividends on the underlying shares , as those dividends will be paid in cash . at december 31 , 2012 , there was $ 86 million of unrecognized deferred compensation expense related to nonvested share- based compensation arrangements granted under the incentive plans . this cost is expected to be recognized as expense over a period of no longer than five years . the total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2012 , 2011 and 2010 was approximately $ 55 million , $ 52 million and $ 39 million , respectively . the pnc financial services group , inc . 2013 form 10-k 203 .
Question: what was the average weighted-average grant-date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2012 and 2011?
Answer: | 61.965 |
FINQA2013 | Please answer the given financial question based on the context.
Context: entergy arkansas , inc . management's financial discussion and analysis gross operating revenues and fuel and purchased power expenses gross operating revenues increased primarily due to : an increase of $ 114 million in gross wholesale revenue due to an increase in the average price of energy available for resale sales and an increase in sales to affiliated customers ; an increase of $ 106.1 million in production cost allocation rider revenues which became effective in july 2007 as a result of the system agreement proceedings . as a result of the system agreement proceedings , entergy arkansas also has a corresponding increase in deferred fuel expense for payments to other entergy system companies such that there is no effect on net income . entergy arkansas makes payments over a seven-month period but collections from customers occur over a twelve-month period . the production cost allocation rider is discussed in note 2 to the financial statements and the system agreement proceedings are referenced below under "federal regulation" ; and an increase of $ 58.9 million in fuel cost recovery revenues due to changes in the energy cost recovery rider effective april 2008 and september 2008 , partially offset by decreased usage . the energy cost recovery rider filings are discussed in note 2 to the financial statements . the increase was partially offset by a decrease of $ 14.6 million related to volume/weather , as discussed above . fuel and purchased power expenses increased primarily due to an increase of $ 106.1 million in deferred system agreement payments , as discussed above and an increase in the average market price of purchased power . 2007 compared to 2006 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory credits . following is an analysis of the change in net revenue comparing 2007 to 2006 . amount ( in millions ) .
||amount ( in millions )|
|2006 net revenue|$ 1074.5|
|net wholesale revenue|13.2|
|transmission revenue|11.8|
|deferred fuel costs revisions|8.6|
|other|2.5|
|2007 net revenue|$ 1110.6|
the net wholesale revenue variance is primarily due to lower wholesale revenues in the third quarter 2006 due to an october 2006 ferc order requiring entergy arkansas to make a refund to a coal plant co-owner resulting from a contract dispute , in addition to re-pricing revisions , retroactive to 2003 , of $ 5.9 million of purchased power agreements among entergy system companies as directed by the ferc . the transmission revenue variance is primarily due to higher rates and the addition of new transmission customers in late 2006 . the deferred fuel cost revisions variance is primarily due to the 2006 energy cost recovery true-up , made in the first quarter 2007 , which increased net revenue by $ 6.6 million . gross operating revenue and fuel and purchased power expenses gross operating revenues decreased primarily due to a decrease of $ 173.1 million in fuel cost recovery revenues due to a decrease in the energy cost recovery rider effective april 2007 . the energy cost recovery rider is discussed in note 2 to the financial statements . the decrease was partially offset by production cost allocation rider revenues of $ 124.1 million that became effective in july 2007 as a result of the system agreement proceedings . as .
Question: what is the net change in net revenue during 2007 for entergy arkansas , inc.?
Answer: | 36.1 |
FINQA2014 | Please answer the given financial question based on the context.
Context: note 15 : chipset design issue in january 2011 , as part of our ongoing quality assurance procedures , we identified a design issue with the intel ae 6 series express chipset family . the issue affected chipsets sold in the fourth quarter of 2010 and january 2011 . we subsequently implemented a silicon fix and began shipping the updated version of the affected chipset in february 2011 . the total cost in 2011 to repair and replace affected materials and systems , located with customers and in the market , was $ 422 million . we do not expect to have any significant future adjustments related to this issue . note 16 : borrowings short-term debt as of december 28 , 2013 , short-term debt consisted of drafts payable of $ 257 million and notes payable of $ 24 million ( drafts payable of $ 264 million and notes payable of $ 48 million as of december 29 , 2012 ) . we have an ongoing authorization from our board of directors to borrow up to $ 3.0 billion , including through the issuance of commercial paper . maximum borrowings under our commercial paper program during 2013 were $ 300 million ( $ 500 million during 2012 ) . our commercial paper was rated a-1+ by standard & poor 2019s and p-1 by moody 2019s as of december 28 , 2013 . long-term debt our long-term debt at the end of each period was as follows : ( in millions ) dec 28 , dec 29 .
|( in millions )|dec 282013|dec 292012|
|2012 senior notes due 2017 at 1.35% ( 1.35 % )|$ 2997|$ 2997|
|2012 senior notes due 2022 at 2.70% ( 2.70 % )|1494|1494|
|2012 senior notes due 2032 at 4.00% ( 4.00 % )|744|743|
|2012 senior notes due 2042 at 4.25% ( 4.25 % )|924|924|
|2011 senior notes due 2016 at 1.95% ( 1.95 % )|1499|1498|
|2011 senior notes due 2021 at 3.30% ( 3.30 % )|1996|1996|
|2011 senior notes due 2041 at 4.80% ( 4.80 % )|1490|1489|
|2009 junior subordinated convertible debentures due 2039 at 3.25% ( 3.25 % )|1075|1063|
|2005 junior subordinated convertible debentures due 2035 at 2.95% ( 2.95 % )|946|932|
|total long-term debt|$ 13165|$ 13136|
senior notes in the fourth quarter of 2012 , we issued $ 6.2 billion aggregate principal amount of senior unsecured notes for general corporate purposes and to repurchase shares of our common stock pursuant to our authorized common stock repurchase program . in the third quarter of 2011 , we issued $ 5.0 billion aggregate principal amount of senior unsecured notes , primarily to repurchase shares of our common stock pursuant to our authorized common stock repurchase program , and for general corporate purposes . our senior notes pay a fixed rate of interest semiannually . we may redeem our senior notes , in whole or in part , at any time at our option at specified redemption prices . the senior notes rank equally in right of payment with all of our other existing and future senior unsecured indebtedness and will effectively rank junior to all liabilities of our subsidiaries . table of contents intel corporation notes to consolidated financial statements ( continued ) .
Question: what is the net cash flow from short-term debt in 2013?
Answer: | -31.0 |
FINQA2015 | Please answer the given financial question based on the context.
Context: after reviewing earnings per share and operating cash flow results against the performance objectives in the above table , the personnel committee set the entergy achievement multiplier at 140% ( 140 % ) of target . under the terms of the executive incentive plan , the entergy achievement multiplier is automatically increased by 25 percent for the members of the office of the chief executive ( including mr . denault and mr . smith , but not the other named executive officers ) , subject to the personnel committee's discretion to adjust the automatic multiplier downward or eliminate it altogether . in accordance with section 162 ( m ) of the internal revenue code , the multiplier which entergy refers to as the management effectiveness factor is intended to provide the committee , through the exercise of negative discretion , a mechanism to take into consideration the specific achievement factors relating to the overall performance of entergy corporation . in january 2009 , the committee exercised its negative discretion to eliminate the management effectiveness factor , reflecting the personnel committee's determination that the entergy achievement multiplier , in and of itself without the management effectiveness factor , was consistent with the performance levels achieved by management . the annual incentive award for the named executive officers ( other than mr . leonard , mr . denault and mr . smith ) is awarded from an incentive pool approved by the committee . from this pool , each named executive officer's supervisor determines the annual incentive payment based on the entergy achievement multiplier . the supervisor has the discretion to increase or decrease the multiple used to determine an incentive award based on individual and business unit performance . the incentive awards are subject to the ultimate approval of entergy's chief executive officer . the following table shows the executive and management incentive plans payments as a percentage of base salary for 2008 : named exeutive officer target percentage base salary 2008 annual incentive award .
|named exeutive officer|target|percentage base salary|2008 annual incentive award|
|j . wayne leonard|120% ( 120 % )|168% ( 168 % )|$ 2169720|
|leo p . denault|70% ( 70 % )|98% ( 98 % )|$ 617400|
|richard j . smith|70% ( 70 % )|98% ( 98 % )|$ 632100|
|e . renae conley|60% ( 60 % )|102% ( 102 % )|$ 415000|
|hugh t . mcdonald|50% ( 50 % )|50% ( 50 % )|$ 160500|
|joseph f . domino|50% ( 50 % )|72% ( 72 % )|$ 230000|
|roderick k . west|40% ( 40 % )|80% ( 80 % )|$ 252000|
|haley fisackerly|40% ( 40 % )|46% ( 46 % )|$ 125700|
|theodore h . bunting jr .|60% ( 60 % )|117% ( 117 % )|$ 400023|
|carolyn shanks|50% ( 50 % )|72% ( 72 % )|$ 229134|
|jay a . lewis|40% ( 40 % )|60% ( 60 % )|$ 128505|
while ms . shanks and mr . lewis are no longer ceo-entergy mississippi and principal financial officer for the subsidiaries , respectively , ms . shanks continues to participate in the executive incentive plan , and mr . lewis continues to participate in the management incentive plan as they remain employees of entergy since the contemplated enexus separation has not occurred and enexus remains a subsidiary of entergy . nuclear retention plan some of entergy's executives , but not any of the named executive officers , participate in a special retention plan for officers and other leaders with special expertise in the nuclear industry . the committee authorized the plan to attract and retain management talent in the nuclear power field , a field which requires unique technical and other expertise that is in great demand in the utility industry . the plan provides for bonuses to be paid over a three-year employment period . subject to continued employment with a participating company , a participating employee is eligible to receive a special cash bonus consisting of three payments , each consisting of an amount from 15% ( 15 % ) to 30% ( 30 % ) of such participant's base salary. .
Question: what is the difference of annual incentive award between the top two highest paid executives?
Answer: | 1537620.0 |
FINQA2016 | Please answer the given financial question based on the context.
Context: our international networks segment owns and operates the following television networks , which reached the following number of subscribers via pay television services as of december 31 , 2013 : global networks international subscribers ( millions ) regional networks international subscribers ( millions ) .
|global networks discovery channel|internationalsubscribers ( millions ) 271|regional networks discovery kids|internationalsubscribers ( millions ) 76|
|animal planet|200|sbs nordic ( a )|28|
|tlc real time and travel & living|162|dmax ( b )|16|
|discovery science|81|discovery history|14|
|investigation discovery|74|shed|12|
|discovery home & health|64|discovery en espanol ( u.s. )|5|
|turbo|52|discovery familia ( u.s. )|4|
|discovery world|23|gxt|4|
( a ) number of subscribers corresponds to the collective sum of the total number of subscribers to each of the sbs nordic broadcast networks in sweden , norway , and denmark subject to retransmission agreements with pay television providers . ( b ) number of subscribers corresponds to dmax pay television networks in the u.k. , austria , switzerland and ireland . our international networks segment also owns and operates free-to-air television networks which reached 285 million cumulative viewers in europe and the middle east as of december 31 , 2013 . our free-to-air networks include dmax , fatafeat , quest , real time , giallo , frisbee , focus and k2 . similar to u.s . networks , the primary sources of revenue for international networks are fees charged to operators who distribute our networks , which primarily include cable and dth satellite service providers , and advertising sold on our television networks . international television markets vary in their stages of development . some markets , such as the u.k. , are more advanced digital television markets , while others remain in the analog environment with varying degrees of investment from operators to expand channel capacity or convert to digital technologies . common practice in some markets results in long-term contractual distribution relationships , while customers in other markets renew contracts annually . distribution revenue for our international networks segment is largely dependent on the number of subscribers that receive our networks or content , the rates negotiated in the agreements , and the market demand for the content that we provide . advertising revenue is dependent upon a number of factors including the development of pay and free-to-air television markets , the number of subscribers to and viewers of our channels , viewership demographics , the popularity of our programming , and our ability to sell commercial time over a group of channels . in certain markets , our advertising sales business operates with in-house sales teams , while we rely on external sales representation services in other markets . in developing television markets , we expect that advertising revenue growth will result from continued subscriber and viewership growth , our localization strategy , and the shift of advertising spending from traditional analog networks to channels in the multi-channel environment . in relatively mature markets , such as western europe , growth in advertising revenue will come from increasing viewership and pricing of advertising on our existing television networks and the launching of new services , both organic and through acquisitions . during 2013 , distribution , advertising and other revenues were 50% ( 50 % ) , 47% ( 47 % ) and 3% ( 3 % ) , respectively , of total net revenues for this segment . on january 21 , 2014 , we entered into an agreement with tf1 to acquire a controlling interest in eurosport international ( "eurosport" ) , a leading pan-european sports media platform , by increasing our ownership stake from 20% ( 20 % ) to 51% ( 51 % ) for cash of approximately 20ac253 million ( $ 343 million ) subject to working capital adjustments . due to regulatory constraints the acquisition initially excludes eurosport france , a subsidiary of eurosport . we will retain a 20% ( 20 % ) equity interest in eurosport france and a commitment to acquire another 31% ( 31 % ) ownership interest beginning 2015 , contingent upon resolution of all regulatory matters . the flagship eurosport network focuses on regionally popular sports such as tennis , skiing , cycling and motor sports and reaches 133 million homes across 54 countries in 20 languages . eurosport 2019s brands and platforms also include eurosport hd ( high definition simulcast ) , eurosport 2 , eurosport 2 hd ( high definition simulcast ) , eurosport asia-pacific , and eurosportnews . the acquisition is intended to increase the growth of eurosport and enhance our pay television offerings in europe . tf1 will have the right to put the entirety of its remaining 49% ( 49 % ) non-controlling interest to us for approximately two and a half years after completion of this acquisition . the put has a floor value equal to the fair value at the acquisition date if exercised in the 90 day period beginning on july 1 , 2015 and is subsequently priced at fair value if exercised in the 90 day period beginning on july 1 , 2016 . we expect the acquisition to close in the second quarter of 2014 subject to obtaining necessary regulatory approvals. .
Question: what was the difference in millions of international subscribers between discovery channel and animal planet?
Answer: | 71.0 |
FINQA2017 | Please answer the given financial question based on the context.
Context: notes to consolidated financial statements ( continued ) | 72 snap-on incorporated following is a reconciliation of the beginning and ending amount of unrecognized tax benefits : ( amounts in millions ) amount .
|( amounts in millions )|amount|
|unrecognized tax benefits as of december 31 2006|$ 21.3|
|gross increases 2013 tax positions in prior periods|0.5|
|gross decreases 2013 tax positions in prior periods|-0.4 ( 0.4 )|
|gross increases 2013 tax positions in the current period|0.5|
|settlements with taxing authorities|-3.0 ( 3.0 )|
|lapsing of statutes of limitations|-0.2 ( 0.2 )|
|unrecognized tax benefits as of december 29 2007|$ 18.7|
of the $ 18.7 million of unrecognized tax benefits at the end of 2007 , approximately $ 16.2 million would impact the effective income tax rate if recognized . interest and penalties related to unrecognized tax benefits are recorded in income tax expense . during the years ended december 29 , 2007 , december 30 , 2006 , and december 31 , 2005 , the company recognized approximately $ 1.2 million , $ 0.5 million and ( $ 0.5 ) million in net interest expense ( benefit ) , respectively . the company has provided for approximately $ 3.4 million , $ 2.2 million , and $ 1.7 million of accrued interest related to unrecognized tax benefits at the end of fiscal year 2007 , 2006 and 2005 , respectively . during the next 12 months , the company does not anticipate any significant changes to the total amount of unrecognized tax benefits , other than the accrual of additional interest expense in an amount similar to the prior year 2019s expense . with few exceptions , snap-on is no longer subject to u.s . federal and state/local income tax examinations by tax authorities for years prior to 2003 , and snap-on is no longer subject to non-u.s . income tax examinations by tax authorities for years prior to 2001 . the undistributed earnings of all non-u.s . subsidiaries totaled $ 338.5 million , $ 247.4 million and $ 173.6 million at the end of fiscal 2007 , 2006 and 2005 , respectively . snap-on has not provided any deferred taxes on these undistributed earnings as it considers the undistributed earnings to be permanently invested . determination of the amount of unrecognized deferred income tax liability related to these earnings is not practicable . the american jobs creation act of 2004 ( the 201cajca 201d ) created a one-time tax incentive for u.s . corporations to repatriate accumulated foreign earnings by providing a tax deduction of 85% ( 85 % ) of qualifying dividends received from foreign affiliates . under the provisions of the ajca , snap-on repatriated approximately $ 93 million of qualifying dividends in 2005 that resulted in additional income tax expense of $ 3.3 million for the year . note 9 : short-term and long-term debt notes payable and long-term debt as of december 29 , 2007 , was $ 517.9 million ; no commercial paper was outstanding at december 29 , 2007 . as of december 30 , 2006 , notes payable and long-term debt was $ 549.2 million , including $ 314.9 million of commercial paper . snap-on presented $ 300 million of the december 30 , 2006 , outstanding commercial paper as 201clong-term debt 201d on the accompanying december 30 , 2006 , consolidated balance sheet . on january 12 , 2007 , snap-on sold $ 300 million of unsecured notes consisting of $ 150 million of floating rate notes that mature on january 12 , 2010 , and $ 150 million of fixed rate notes that mature on january 15 , 2017 . interest on the floating rate notes accrues at a rate equal to the three-month london interbank offer rate plus 0.13% ( 0.13 % ) per year and is payable quarterly . interest on the fixed rate notes accrues at a rate of 5.50% ( 5.50 % ) per year and is payable semi-annually . snap-on used the proceeds from the sale of the notes , net of $ 1.5 million of transaction costs , to repay commercial paper obligations issued to finance the acquisition of business solutions . on january 12 , 2007 , the company also terminated a $ 250 million bridge credit agreement that snap-on established prior to its acquisition of business solutions. .
Question: what are the total earnings generated by non-us subsidiaries in the last three years?
Answer: | 759.5 |
FINQA2018 | Please answer the given financial question based on the context.
Context: item 7a . quantitative and qualitative disclosures about market risk ( amounts in millions ) in the normal course of business , we are exposed to market risks related to interest rates , foreign currency rates and certain balance sheet items . from time to time , we use derivative instruments , pursuant to established guidelines and policies , to manage some portion of these risks . derivative instruments utilized in our hedging activities are viewed as risk management tools and are not used for trading or speculative purposes . interest rates our exposure to market risk for changes in interest rates relates primarily to the fair market value and cash flows of our debt obligations . the majority of our debt ( approximately 93% ( 93 % ) and 91% ( 91 % ) as of december 31 , 2012 and 2011 , respectively ) bears interest at fixed rates . we do have debt with variable interest rates , but a 10% ( 10 % ) increase or decrease in interest rates would not be material to our interest expense or cash flows . the fair market value of our debt is sensitive to changes in interest rates , and the impact of a 10% ( 10 % ) change in interest rates is summarized below . increase/ ( decrease ) in fair market value as of december 31 , 10% ( 10 % ) increase in interest rates 10% ( 10 % ) decrease in interest rates .
|as of december 31,|increase/ ( decrease ) in fair market value 10% ( 10 % ) increasein interest rates|increase/ ( decrease ) in fair market value 10% ( 10 % ) decreasein interest rates|
|2012|$ -27.5 ( 27.5 )|$ 28.4|
|2011|-7.4 ( 7.4 )|7.7|
we have used interest rate swaps for risk management purposes to manage our exposure to changes in interest rates . during 2012 , we entered into and exited forward-starting interest rate swap agreements to effectively lock in the benchmark rate related to our 3.75% ( 3.75 % ) senior notes due 2023 , which we issued in november 2012 . we do not have any interest rate swaps outstanding as of december 31 , 2012 . we had $ 2590.8 of cash , cash equivalents and marketable securities as of december 31 , 2012 that we generally invest in conservative , short-term investment-grade securities . the interest income generated from these investments is subject to both domestic and foreign interest rate movements . during 2012 and 2011 , we had interest income of $ 29.5 and $ 37.8 , respectively . based on our 2012 results , a 100 basis point increase or decrease in interest rates would affect our interest income by approximately $ 26.0 , assuming that all cash , cash equivalents and marketable securities are impacted in the same manner and balances remain constant from year-end 2012 levels . foreign currency rates we are subject to translation and transaction risks related to changes in foreign currency exchange rates . since we report revenues and expenses in u.s . dollars , changes in exchange rates may either positively or negatively affect our consolidated revenues and expenses ( as expressed in u.s . dollars ) from foreign operations . the primary foreign currencies that impacted our results during 2012 were the brazilian real , euro , indian rupee and the south african rand . based on 2012 exchange rates and operating results , if the u.s . dollar were to strengthen or weaken by 10% ( 10 % ) , we currently estimate operating income would decrease or increase between 3% ( 3 % ) and 5% ( 5 % ) , assuming that all currencies are impacted in the same manner and our international revenue and expenses remain constant at 2012 levels . the functional currency of our foreign operations is generally their respective local currency . assets and liabilities are translated at the exchange rates in effect at the balance sheet date , and revenues and expenses are translated at the average exchange rates during the period presented . the resulting translation adjustments are recorded as a component of accumulated other comprehensive loss , net of tax , in the stockholders 2019 equity section of our consolidated balance sheets . our foreign subsidiaries generally collect revenues and pay expenses in their functional currency , mitigating transaction risk . however , certain subsidiaries may enter into transactions in currencies other than their functional currency . assets and liabilities denominated in currencies other than the functional currency are susceptible to movements in foreign currency until final settlement . currency transaction gains or losses primarily arising from transactions in currencies other than the functional currency are included in office and general expenses . we have not entered into a material amount of foreign currency forward exchange contracts or other derivative financial instruments to hedge the effects of potential adverse fluctuations in foreign currency exchange rates. .
Question: what was the ratio of the interest income from 2012 to 2011
Answer: | 0.78042 |
FINQA2019 | Please answer the given financial question based on the context.
Context: entergy mississippi , inc . management's financial discussion and analysis results of operations net income 2008 compared to 2007 net income decreased $ 12.4 million primarily due to higher other operation and maintenance expenses , lower other income , and higher depreciation and amortization expenses , partially offset by higher net revenue . 2007 compared to 2006 net income increased $ 19.8 million primarily due to higher net revenue , lower other operation and maintenance expenses , higher other income , and lower interest expense , partially offset by higher depreciation and amortization expenses . net revenue 2008 compared to 2007 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges . following is an analysis of the change in net revenue comparing 2008 to 2007 . amount ( in millions ) .
||amount ( in millions )|
|2007 net revenue|$ 486.9|
|attala costs|9.9|
|rider revenue|6.0|
|base revenue|5.1|
|reserve equalization|-2.4 ( 2.4 )|
|net wholesale revenue|-4.0 ( 4.0 )|
|other|-2.7 ( 2.7 )|
|2008 net revenue|$ 498.8|
the attala costs variance is primarily due to an increase in the attala power plant costs that are recovered through the power management rider . the net income effect of this recovery in limited to a portion representing an allowed return on equity with the remainder offset by attala power plant costs in other operation and maintenance expenses , depreciation expenses , and taxes other than income taxes . the recovery of attala power plant costs is discussed further in "liquidity and capital resources - uses of capital" below . the rider revenue variance is the result of a storm damage rider that became effective in october 2007 . the establishment of this rider results in an increase in rider revenue and a corresponding increase in other operation and maintenance expense for the storm reserve with no effect on net income . the base revenue variance is primarily due to a formula rate plan increase effective july 2007 . the formula rate plan filing is discussed further in "state and local rate regulation" below . the reserve equalization variance is primarily due to changes in the entergy system generation mix compared to the same period in 2007. .
Question: what is the net difference in net revenue in 2008 compare to 2007?
Answer: | 11.9 |
FINQA2020 | Please answer the given financial question based on the context.
Context: other off-balance sheet commitments lease commitments the company leases various equipment and facilities , including retail space , under noncancelable operating lease arrangements . the company does not currently utilize any other off-balance sheet financing arrangements . the major facility leases are typically for terms not exceeding 10 years and generally provide renewal options for terms not exceeding five additional years . leases for retail space are for terms ranging from five to 20 years , the majority of which are for 10 years , and often contain multi-year renewal options . as of september 29 , 2012 , the company 2019s total future minimum lease payments under noncancelable operating leases were $ 4.4 billion , of which $ 3.1 billion related to leases for retail space . rent expense under all operating leases , including both cancelable and noncancelable leases , was $ 488 million , $ 338 million and $ 271 million in 2012 , 2011 and 2010 , respectively . future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 29 , 2012 , are as follows ( in millions ) : .
|2013|$ 516|
|2014|556|
|2015|542|
|2016|513|
|2017|486|
|thereafter|1801|
|total minimum lease payments|$ 4414|
other commitments as of september 29 , 2012 , the company had outstanding off-balance sheet third-party manufacturing commitments and component purchase commitments of $ 21.1 billion . in addition to the off-balance sheet commitments mentioned above , the company had outstanding obligations of $ 988 million as of september 29 , 2012 , which were comprised mainly of commitments to acquire capital assets , including product tooling and manufacturing process equipment , and commitments related to advertising , research and development , internet and telecommunications services and other obligations . contingencies the company is subject to various legal proceedings and claims that have arisen in the ordinary course of business and have not been fully adjudicated , certain of which are discussed in part i , item 3 of this form 10-k under the heading 201clegal proceedings 201d and in part i , item 1a of this form 10-k under the heading 201crisk factors . 201d in the opinion of management , there was not at least a reasonable possibility the company may have incurred a material loss , or a material loss in excess of a recorded accrual , with respect to loss contingencies . however , the outcome of litigation is inherently uncertain . therefore , although management considers the likelihood of such an outcome to be remote , if one or more of these legal matters were resolved against the company in a reporting period for amounts in excess of management 2019s expectations , the company 2019s consolidated financial statements for that reporting period could be materially adversely affected . apple inc . vs samsung electronics co. , ltd , et al . on august 24 , 2012 , a jury returned a verdict awarding the company $ 1.05 billion in its lawsuit against samsung electronics and affiliated parties in the united states district court , northern district of california , san jose division . because the award is subject to entry of final judgment and may be subject to appeal , the company has not recognized the award in its consolidated financial statements for the year ended september 29 , 2012. .
Question: what was the percentage change in rent expense under operating leases from 2010 to 2011?
Answer: | 0.24723 |
FINQA2021 | Please answer the given financial question based on the context.
Context: undistributed earnings of $ 696.9 million from certain foreign subsidiaries are considered to be permanently reinvested abroad and will not be repatriated to the united states in the foreseeable future . because those earnings are considered to be indefinitely reinvested , no domestic federal or state deferred income taxes have been provided thereon . if we were to make a distribution of any portion of those earnings in the form of dividends or otherwise , we would be subject to both u.s . income taxes ( subject to an adjustment for foreign tax credits ) and withholding taxes payable to the various foreign jurisdictions . because of the availability of u.s . foreign tax credit carryforwards , it is not practicable to determine the domestic federal income tax liability that would be payable if such earnings were no longer considered to be reinvested indefinitely . a valuation allowance is provided against deferred tax assets when it is more likely than not that some portion or all of the deferred tax assets will not be realized . changes to our valuation allowance during the years ended may 31 , 2015 and 2014 are summarized below ( in thousands ) : .
|balance at may 31 2013|$ -28464 ( 28464 )|
|utilization of foreign net operating loss carryforwards|2822|
|allowance for foreign tax credit carryforward|18061|
|other|382|
|balance at may 31 2014|-7199 ( 7199 )|
|utilization of foreign net operating loss carryforwards|3387|
|other|-11 ( 11 )|
|balance at may 31 2015|$ -3823 ( 3823 )|
net operating loss carryforwards of foreign subsidiaries totaling $ 12.4 million and u.s . net operating loss carryforwards previously acquired totaling $ 19.8 million at may 31 , 2015 will expire between may 31 , 2017 and may 31 , 2033 if not utilized . capital loss carryforwards of u.s . subsidiaries totaling $ 4.7 million will expire if not utilized by may 31 , 2017 . tax credit carryforwards totaling $ 8.4 million at may 31 , 2015 will expire between may 31 , 2017 and may 31 , 2023 if not utilized . we conduct business globally and file income tax returns in the u.s . federal jurisdiction and various state and foreign jurisdictions . in the normal course of business , we are subject to examination by taxing authorities around the world . as a result of events that occurred in the fourth quarter of the year ended may 31 , 2015 , management concluded that it was more likely than not that the tax positions in a foreign jurisdiction , for which we had recorded estimated liabilities of $ 65.6 million in other noncurrent liabilities on our consolidated balance sheet , would be sustained on their technical merits based on information available as of may 31 , 2015 . therefore , the liability and corresponding deferred tax assets were eliminated as of may 31 , 2015 . the uncertain tax positions have been subject to an ongoing examination in that foreign jurisdiction by the tax authority . discussions and correspondence between the tax authority and us during the fourth quarter indicated that the likelihood of the positions being sustained had increased . subsequent to may 31 , 2015 , we received a final closure notice regarding the examination resulting in no adjustments to taxable income related to this matter for the tax returns filed for the periods ended may 31 , 2010 through may 31 , 2013 . the unrecognized tax benefits were effectively settled with this final closure notice . we are no longer subjected to state income tax examinations for years ended on or before may 31 , 2008 , u.s . federal income tax examinations for fiscal years prior to 2012 and united kingdom federal income tax examinations for years ended on or before may 31 , 2013 . 78 2013 global payments inc . | 2015 form 10-k annual report .
Question: what is the total net operating loss that must be utilized before expiration between may 31 , 2017 and may 31 , 2033?
Answer: | 32.2 |
FINQA2022 | Please answer the given financial question based on the context.
Context: item 7 . management 2019s discussion and analysis of financial condition and results of operations the following discussion and analysis is based primarily on the consolidated financial statements of welltower inc . for the periods presented and should be read together with the notes thereto contained in this annual report on form 10-k . other important factors are identified in 201citem 1 2014 business 201d and 201citem 1a 2014 risk factors 201d above . executive summary company overview welltower inc . ( nyse : hcn ) , an s&p 500 company headquartered in toledo , ohio , is driving the transformation of health care infrastructure . the company invests with leading seniors housing operators , post- acute providers and health systems to fund the real estate and infrastructure needed to scale innovative care delivery models and improve people 2019s wellness and overall health care experience . welltowertm , a real estate investment trust ( 201creit 201d ) , owns interests in properties concentrated in major , high-growth markets in the united states , canada and the united kingdom , consisting of seniors housing and post-acute communities and outpatient medical properties . our capital programs , when combined with comprehensive planning , development and property management services , make us a single-source solution for acquiring , planning , developing , managing , repositioning and monetizing real estate assets . the following table summarizes our consolidated portfolio for the year ended december 31 , 2016 ( dollars in thousands ) : type of property net operating income ( noi ) ( 1 ) percentage of number of properties .
|type of property|net operating income ( noi ) ( 1 )|percentage of noi|number of properties|
|triple-net|$ 1208860|50.3% ( 50.3 % )|631|
|seniors housing operating|814114|33.9% ( 33.9 % )|420|
|outpatient medical|380264|15.8% ( 15.8 % )|262|
|totals|$ 2403238|100.0% ( 100.0 % )|1313|
( 1 ) excludes our share of investments in unconsolidated entities and non-segment/corporate noi . entities in which we have a joint venture with a minority partner are shown at 100% ( 100 % ) of the joint venture amount . business strategy our primary objectives are to protect stockholder capital and enhance stockholder value . we seek to pay consistent cash dividends to stockholders and create opportunities to increase dividend payments to stockholders as a result of annual increases in net operating income and portfolio growth . to meet these objectives , we invest across the full spectrum of seniors housing and health care real estate and diversify our investment portfolio by property type , relationship and geographic location . substantially all of our revenues are derived from operating lease rentals , resident fees and services , and interest earned on outstanding loans receivable . these items represent our primary sources of liquidity to fund distributions and depend upon the continued ability of our obligors to make contractual rent and interest payments to us and the profitability of our operating properties . to the extent that our customers/partners experience operating difficulties and become unable to generate sufficient cash to make payments to us , there could be a material adverse impact on our consolidated results of operations , liquidity and/or financial condition . to mitigate this risk , we monitor our investments through a variety of methods determined by the type of property . our proactive and comprehensive asset management process for seniors housing properties generally includes review of monthly financial statements and other operating data for each property , review of obligor/ partner creditworthiness , property inspections , and review of covenant compliance relating to licensure , real estate taxes , letters of credit and other collateral . our internal property management division actively manages and monitors the outpatient medical portfolio with a comprehensive process including review of tenant relations , lease expirations , the mix of health service providers , hospital/health system relationships , property performance .
Question: by number of properties , outpatient medical was what percent of the total?
Answer: | 0.19954 |
FINQA2023 | Please answer the given financial question based on the context.
Context: ( d ) securities authorized for issuance under equity compensation plans . except for the information concerning equity compensation plans below , the information required by item 12 is incorporated by reference to the company 2019s 2004 proxy statement under the caption 2018 2018security ownership of certain beneficial owners and management . 2019 2019 the following table provides information about shares of aes common stock that may be issued under aes 2019s equity compensation plans , as of december 31 , 2003 : securities authorized for issuance under equity compensation plans ( as of december 31 , 2003 ) ( a ) ( b ) ( c ) number of securities remaining available for number of securities future issuance under to be issued upon weighted-average equity compensation exercise of exercise price plans ( excluding outstanding options , of outstanding options , securities reflected plan category warrants and rights warrants and rights in column ( a ) ) equity compensation plans approved by security holders . . . 29061549 13.80 16720238 equity compensation plans not approved by security holders ( 1 ) . 11754222 13.09 225609 .
|plan category|( a ) number of securities to be issued upon exercise of outstanding options warrants and rights|( b ) weighted-average exercise price of outstanding options warrants and rights|( c ) number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) )|
|equity compensation plans approved by security holders|29061549|13.80|16720238|
|equity compensation plans not approved by security holders ( 1 )|11754222|13.09|225609|
|total|40815771|13.59|16945847|
( 1 ) the aes corporation 2001 non-officer stock option plan ( the 2018 2018plan 2019 2019 ) was adopted by our board of directors on october 18 , 2001 . this plan did not require approval under either the sec or nyse rules and/or regulations . eligible participants under the plan include all of our non-officer employees . as of the end of december 31 , 2003 , approximately 13500 employees held options under the plan . the exercise price of each option awarded under the plan is equal to the fair market value of our common stock on the grant date of the option . options under the plan generally vest as to 50% ( 50 % ) of their underlying shares on each anniversary of the option grant date , however , grants dated october 25 , 2001 vest in one year . the plan shall expire on october 25 , 2011 . the board may amend , modify or terminate the plan at any time . item 13 . certain relationships and related transactions see the information contained under the caption 2018 2018related party transactions 2019 2019 of the proxy statement for the annual meeting of stockholders of the registrant to be held on april 28 , 2004 , which information is incorporated herein by reference . item 14 . principal accounting fees and services the information required by this item will be contained in our proxy statement for the annual meeting of shareholders to be held on april 28 , 2004 and is hereby incorporated by reference. .
Question: for the outstanding options warrants and rights , what percentage of these securities to be issued was from approved plans?
Answer: | 0.28798 |
FINQA2024 | Please answer the given financial question based on the context.
Context: table of contents part ii price range our common stock commenced trading on the nasdaq national market under the symbol 201cmktx 201d on november 5 , 2004 . prior to that date , there was no public market for our common stock . on november 4 , 2004 , the registration statement relating to our initial public offering was declared effective by the sec . the high and low bid information for our common stock , as reported by nasdaq , was as follows : on march 28 , 2005 , the last reported closing price of our common stock on the nasdaq national market was $ 10.26 . holders there were approximately 188 holders of record of our common stock as of march 28 , 2005 . dividend policy we have not declared or paid any cash dividends on our capital stock since our inception . we intend to retain future earnings to finance the operation and expansion of our business and do not anticipate paying any cash dividends in the foreseeable future . in the event we decide to declare dividends on our common stock in the future , such declaration will be subject to the discretion of our board of directors . our board may take into account such matters as general business conditions , our financial results , capital requirements , contractual , legal , and regulatory restrictions on the payment of dividends by us to our stockholders or by our subsidiaries to us and any such other factors as our board may deem relevant . use of proceeds on november 4 , 2004 , the registration statement relating to our initial public offering ( no . 333-112718 ) was declared effective . we received net proceeds from the sale of the shares of our common stock in the offering of $ 53.9 million , at an initial public offering price of $ 11.00 per share , after deducting underwriting discounts and commissions and estimated offering expenses . additionally , prior to the closing of the initial public offering , all outstanding shares of convertible preferred stock were converted into 14484493 shares of common stock and 4266310 shares of non-voting common stock . the underwriters for our initial public offering were credit suisse first boston llc , j.p . morgan securities inc. , banc of america securities llc , bear , stearns & co . inc . and ubs securities llc . all of the underwriters are affiliates of some of our broker-dealer clients and affiliates of some our institutional investor clients . in addition , affiliates of all the underwriters are stockholders of ours . except for salaries , and reimbursements for travel expenses and other out-of-pocket costs incurred in the ordinary course of business , none of the proceeds from the offering have been paid by us , directly or indirectly , to any of our directors or officers or any of their associates , or to any persons owning ten percent or more of our outstanding stock or to any of our affiliates . as of december 31 , 2004 , we have not used any of the net proceeds from the initial public offering for product development costs , sales and marketing activities and working capital . we have invested the proceeds from the offering in cash and cash equivalents and short-term marketable securities pending their use for these or other purposes . item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities november 5 , 2004 december 31 , 2004 .
|high|low|
|$ 24.41|$ 12.75|
.
Question: what was the difference between the high and low share price for the period?
Answer: | 11.66 |
FINQA2025 | Please answer the given financial question based on the context.
Context: s c h e d u l e i v ace limited and subsidiaries s u p p l e m e n t a l i n f o r m a t i o n c o n c e r n i n g r e i n s u r a n c e premiums earned for the years ended december 31 , 2010 , 2009 , and 2008 ( in millions of u.s . dollars , except for percentages ) direct amount ceded to companies assumed from other companies net amount percentage of amount assumed to .
|for the years ended december 31 2010 2009 and 2008 ( in millions of u.s . dollars except for percentages )|directamount|ceded to other companies|assumed from other companies|net amount|percentage of amount assumed to net|
|2010|$ 15780|$ 5792|$ 3516|$ 13504|26% ( 26 % )|
|2009|$ 15415|$ 5943|$ 3768|$ 13240|28% ( 28 % )|
|2008|$ 16087|$ 6144|$ 3260|$ 13203|25% ( 25 % )|
.
Question: in 2010 what was the ratio of the value of the direct amount of the premiums to the amount ceded to other companies
Answer: | 2.72445 |
FINQA2026 | Please answer the given financial question based on the context.
Context: .
|contractual obligations|2015|2016|2017|2018|2019|thereafter|total|
|long-term obligations excluding capital leases|888810|753045|700608|1787451|3159286|7188751|14477951|
|cash interest expense|550000|517000|485000|399000|315000|654000|2920000|
|capital lease payments ( including interest )|15589|14049|12905|12456|10760|173313|239072|
|total debt service obligations|1454399|1284094|1198513|2198907|3485046|8016064|17637023|
|operating lease payments ( 11 )|574438|553864|538405|519034|502847|4214600|6903188|
|other non-current liabilities ( 12 ) ( 13 )|11082|20480|5705|13911|4186|1860071|1915435|
|total|$ 2039919|$ 1858438|$ 1742623|$ 2731852|$ 3992079|$ 14090735|$ 26455646|
( 1 ) represents anticipated repayment date ; final legal maturity date is march 15 , 2043 . ( 2 ) represents anticipated repayment date ; final legal maturity date is march 15 , 2048 . ( 3 ) in connection with our acquisition of mipt on october 1 , 2013 , we assumed approximately $ 1.49 billion aggregate principal amount of secured notes , $ 250.0 million of which we repaid in august 2014 . the gtp notes have anticipated repayment dates beginning june 15 , 2016 . ( 4 ) assumed in connection with our acquisition of br towers and denominated in brl . the br towers debenture amortizes through october 2023 . the br towers credit facility amortizes through january 15 , ( 5 ) assumed by us in connection with the unison acquisition , and have anticipated repayment dates of april 15 , 2017 , april 15 , 2020 and april 15 , 2020 , respectively , and a final maturity date of april 15 , 2040 . ( 6 ) denominated in mxn . ( 7 ) denominated in zar and amortizes through march 31 , 2020 . ( 8 ) denominated in cop and amortizes through april 24 , 2021 . ( 9 ) reflects balances owed to our joint venture partners in ghana and uganda . the ghana loan is denominated in ghs and the uganda loan is denominated in usd . ( 10 ) on february 11 , 2015 , we redeemed all of the outstanding 4.625% ( 4.625 % ) notes in accordance with the terms thereof . ( 11 ) includes payments under non-cancellable initial terms , as well as payments for certain renewal periods at our option , which we expect to renew because failure to renew could result in a loss of the applicable communications sites and related revenues from tenant leases . ( 12 ) primarily represents our asset retirement obligations and excludes certain other non-current liabilities included in our consolidated balance sheet , primarily our straight-line rent liability for which cash payments are included in operating lease payments and unearned revenue that is not payable in cash . ( 13 ) excludes $ 26.6 million of liabilities for unrecognized tax positions and $ 24.9 million of accrued income tax related interest and penalties included in our consolidated balance sheet as we are uncertain as to when and if the amounts may be settled . settlement of such amounts could require the use of cash flows generated from operations . we expect the unrecognized tax benefits to change over the next 12 months if certain tax matters ultimately settle with the applicable taxing jurisdiction during this timeframe . however , based on the status of these items and the amount of uncertainty associated with the outcome and timing of audit settlements , we are currently unable to estimate the impact of the amount of such changes , if any , to previously recorded uncertain tax positions . off-balance sheet arrangements . we have no material off-balance sheet arrangements as defined in item 303 ( a ) ( 4 ) ( ii ) of sec regulation s-k . interest rate swap agreements . we have entered into interest rate swap agreements to manage our exposure to variability in interest rates on debt in colombia and south africa . all of our interest rate swap agreements have been designated as cash flow hedges and have an aggregate notional amount of $ 79.9 million , interest rates ranging from 5.74% ( 5.74 % ) to 7.83% ( 7.83 % ) and expiration dates through april 2021 . in february 2014 , we repaid the costa rica loan and subsequently terminated the associated interest rate swap agreements . additionally , in connection with entering into the colombian credit facility in october 2014 , we terminated our pre-existing interest rate .
Question: what percentage of operating lease payments are due after 5 years?
Answer: | 0.61053 |
FINQA2027 | Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis of financial condition and results of operations in 2008 , sales to the segment 2019s top five customers represented approximately 45% ( 45 % ) of the segment 2019s net sales . the segment 2019s backlog was $ 2.3 billion at december 31 , 2008 , compared to $ 2.6 billion at december 31 , 2007 . in 2008 , our digital video customers significantly increased their purchases of the segment 2019s products and services , primarily due to increased demand for digital entertainment devices , particularly ip and hd/dvr devices . in february 2008 , the segment acquired the assets related to digital cable set-top products of zhejiang dahua digital technology co. , ltd and hangzhou image silicon ( known collectively as dahua digital ) , a developer , manufacturer and marketer of cable set-tops and related low-cost integrated circuits for the emerging chinese cable business . the acquisition helped the segment strengthen its position in the rapidly growing cable market in china . enterprise mobility solutions segment the enterprise mobility solutions segment designs , manufactures , sells , installs and services analog and digital two-way radios , wireless lan and security products , voice and data communications products and systems for private networks , wireless broadband systems and end-to-end enterprise mobility solutions to a wide range of customers , including government and public safety agencies ( which , together with all sales to distributors of two-way communication products , are referred to as the 2018 2018government and public safety market 2019 2019 ) , as well as retail , energy and utilities , transportation , manufacturing , healthcare and other commercial customers ( which , collectively , are referred to as the 2018 2018commercial enterprise market 2019 2019 ) . in 2009 , the segment 2019s net sales represented 32% ( 32 % ) of the company 2019s consolidated net sales , compared to 27% ( 27 % ) in 2008 and 21% ( 21 % ) in 2007 . years ended december 31 percent change ( dollars in millions ) 2009 2008 2007 2009 20142008 2008 20142007 .
|( dollars in millions )|years ended december 31 2009|years ended december 31 2008|years ended december 31 2007|years ended december 31 2009 20142008|2008 20142007|
|segment net sales|$ 7008|$ 8093|$ 7729|( 13 ) % ( % )|5% ( 5 % )|
|operating earnings|1057|1496|1213|( 29 ) % ( % )|23% ( 23 % )|
segment results 20142009 compared to 2008 in 2009 , the segment 2019s net sales were $ 7.0 billion , a decrease of 13% ( 13 % ) compared to net sales of $ 8.1 billion in 2008 . the 13% ( 13 % ) decrease in net sales reflects a 21% ( 21 % ) decrease in net sales to the commercial enterprise market and a 10% ( 10 % ) decrease in net sales to the government and public safety market . the decrease in net sales to the commercial enterprise market reflects decreased net sales in all regions . the decrease in net sales to the government and public safety market was primarily driven by decreased net sales in emea , north america and latin america , partially offset by higher net sales in asia . the segment 2019s overall net sales were lower in north america , emea and latin america and higher in asia the segment had operating earnings of $ 1.1 billion in 2009 , a decrease of 29% ( 29 % ) compared to operating earnings of $ 1.5 billion in 2008 . the decrease in operating earnings was primarily due to a decrease in gross margin , driven by the 13% ( 13 % ) decrease in net sales and an unfavorable product mix . also contributing to the decrease in operating earnings was an increase in reorganization of business charges , relating primarily to higher employee severance costs . these factors were partially offset by decreased sg&a expenses and r&d expenditures , primarily related to savings from cost-reduction initiatives . as a percentage of net sales in 2009 as compared 2008 , gross margin decreased and r&d expenditures and sg&a expenses increased . net sales in north america continued to comprise a significant portion of the segment 2019s business , accounting for approximately 58% ( 58 % ) of the segment 2019s net sales in 2009 , compared to approximately 57% ( 57 % ) in 2008 . the regional shift in 2009 as compared to 2008 reflects a 16% ( 16 % ) decline in net sales outside of north america and a 12% ( 12 % ) decline in net sales in north america . the segment 2019s backlog was $ 2.4 billion at both december 31 , 2009 and december 31 , 2008 . in our government and public safety market , we see a continued emphasis on mission-critical communication and homeland security solutions . in 2009 , we led market innovation through the continued success of our mototrbo line and the delivery of the apx fffd family of products . while spending by end customers in the segment 2019s government and public safety market is affected by government budgets at the national , state and local levels , we continue to see demand for large-scale mission critical communications systems . in 2009 , we had significant wins across the globe , including several city and statewide communications systems in the united states , and continued success winning competitive projects with our tetra systems in europe , the middle east .
Question: how many sales did the north america account for in 2009?
Answer: | 3994.56 |
FINQA2028 | Please answer the given financial question based on the context.
Context: on may 20 , 2015 , aon plc issued $ 600 million of 4.750% ( 4.750 % ) senior notes due may 2045 . the 4.750% ( 4.750 % ) notes due may 2045 are fully and unconditionally guaranteed by aon corporation . we used the proceeds of the issuance for general corporate purposes . on september 30 , 2015 , $ 600 million of 3.50% ( 3.50 % ) senior notes issued by aon corporation matured and were repaid . on november 13 , 2015 , aon plc issued $ 400 million of 2.80% ( 2.80 % ) senior notes due march 2021 . the 2.80% ( 2.80 % ) notes due march 2021 are fully and unconditionally guaranteed by aon corporation . we used the proceeds of the issuance for general corporate purposes . credit facilities as of december 31 , 2015 , we had two committed credit facilities outstanding : our $ 400 million u.s . credit facility expiring in march 2017 ( the "2017 facility" ) and $ 900 million multi-currency u.s . credit facility expiring in february 2020 ( the "2020 facility" ) . the 2020 facility was entered into on february 2 , 2015 and replaced the previous 20ac650 million european credit facility . each of these facilities is intended to support our commercial paper obligations and our general working capital needs . in addition , each of these facilities includes customary representations , warranties and covenants , including financial covenants that require us to maintain specified ratios of adjusted consolidated ebitda to consolidated interest expense and consolidated debt to adjusted consolidated ebitda , tested quarterly . at december 31 , 2015 , we did not have borrowings under either the 2017 facility or the 2020 facility , and we were in compliance with the financial covenants and all other covenants contained therein during the twelve months ended december 31 , 2015 . effective february 2 , 2016 , the 2020 facility terms were extended for 1 year and will expire in february 2021 our total debt-to-ebitda ratio at december 31 , 2015 and 2014 , is calculated as follows: .
|years ended december 31,|2015|2014|
|net income|1422|1431|
|interest expense|273|255|
|income taxes|267|334|
|depreciation of fixed assets|229|242|
|amortization of intangible assets|314|352|
|total ebitda|2505|2614|
|total debt|5737|5582|
|total debt-to-ebitda ratio|2.3|2.1|
we use ebitda , as defined by our financial covenants , as a non-gaap measure . this supplemental information related to ebitda represents a measure not in accordance with u.s . gaap and should be viewed in addition to , not instead of , our consolidated financial statements and notes thereto . shelf registration statement on september 3 , 2015 , we filed a shelf registration statement with the sec , registering the offer and sale from time to time of an indeterminate amount of , among other securities , debt securities , preference shares , class a ordinary shares and convertible securities . our ability to access the market as a source of liquidity is dependent on investor demand , market conditions and other factors. .
Question: what was the ratio of the 2017 credit facility to the 2020 credit facility
Answer: | 2.25 |
FINQA2029 | Please answer the given financial question based on the context.
Context: schlumberger limited and subsidiaries shares of common stock issued in treasury shares outstanding ( stated in millions ) .
||issued|in treasury|shares outstanding|
|balance january 1 2008|1334|-138 ( 138 )|1196|
|shares sold to optionees less shares exchanged|2013|5|5|
|shares issued under employee stock purchase plan|2013|2|2|
|stock repurchase program|2013|-21 ( 21 )|-21 ( 21 )|
|issued on conversions of debentures|2013|12|12|
|balance december 31 2008|1334|-140 ( 140 )|1194|
|shares sold to optionees less shares exchanged|2013|4|4|
|vesting of restricted stock|2013|1|1|
|shares issued under employee stock purchase plan|2013|4|4|
|stock repurchase program|2013|-8 ( 8 )|-8 ( 8 )|
|balance december 31 2009|1334|-139 ( 139 )|1195|
|acquisition of smith international inc .|100|76|176|
|shares sold to optionees less shares exchanged|2013|6|6|
|shares issued under employee stock purchase plan|2013|3|3|
|stock repurchase program|2013|-27 ( 27 )|-27 ( 27 )|
|issued on conversions of debentures|2013|8|8|
|balance december 31 2010|1434|-73 ( 73 )|1361|
see the notes to consolidated financial statements part ii , item 8 .
Question: what was the average beginning and ending balance of shares in millions outstanding during 2010?
Answer: | 1278.0 |
FINQA2030 | Please answer the given financial question based on the context.
Context: american tower corporation and subsidiaries notes to consolidated financial statements the allocation of the purchase price was finalized during the year ended december 31 , 2012 . the following table summarizes the allocation of the aggregate purchase consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition ( in thousands ) : purchase price allocation .
||final purchase price allocation|
|non-current assets|$ 2|
|property and equipment|3590|
|intangible assets ( 1 )|1062|
|other non-current liabilities|-91 ( 91 )|
|fair value of net assets acquired|$ 4563|
|goodwill ( 2 )|89|
( 1 ) consists of customer-related intangibles of approximately $ 0.4 million and network location intangibles of approximately $ 0.7 million . the customer-related intangibles and network location intangibles are being amortized on a straight-line basis over periods of up to 20 years . ( 2 ) the company expects that the goodwill recorded will be deductible for tax purposes . the goodwill was allocated to the company 2019s international rental and management segment . colombia 2014colombia movil acquisition 2014on july 17 , 2011 , the company entered into a definitive agreement with colombia movil s.a . e.s.p . ( 201ccolombia movil 201d ) , whereby atc sitios infraco , s.a.s. , a colombian subsidiary of the company ( 201catc infraco 201d ) , would purchase up to 2126 communications sites from colombia movil for an aggregate purchase price of approximately $ 182.0 million . from december 21 , 2011 through the year ended december 31 , 2012 , atc infraco completed the purchase of 1526 communications sites for an aggregate purchase price of $ 136.2 million ( including contingent consideration of $ 17.3 million ) , subject to post-closing adjustments . through a subsidiary , millicom international cellular s.a . ( 201cmillicom 201d ) exercised its option to acquire an indirect , substantial non-controlling interest in atc infraco . under the terms of the agreement , the company is required to make additional payments upon the conversion of certain barter agreements with other wireless carriers to cash paying lease agreements . based on the company 2019s current estimates , the value of potential contingent consideration payments required to be made under the amended agreement is expected to be between zero and $ 32.8 million and is estimated to be $ 17.3 million using a probability weighted average of the expected outcomes at december 31 , 2012 . during the year ended december 31 , 2012 , the company recorded a reduction in fair value of $ 1.2 million , which is included in other operating expenses in the consolidated statements of operations. .
Question: based on the final purchase price allocation what was the ratio of the property and equipment to the intangible assets
Answer: | 3.38041 |
FINQA2031 | Please answer the given financial question based on the context.
Context: strategy our mission is to achieve sustainable revenue and earnings growth through providing superior solutions to our customers . our strategy to achieve this has been and will continue to be built on the following pillars : 2022 expand client relationships 2014 the overall market we serve continues to gravitate beyond single-product purchases to multi-solution partnerships . as the market dynamics shift , we expect our clients to rely more on our multidimensional service offerings . our leveraged solutions and processing expertise can drive meaningful value and cost savings to our clients through more efficient operating processes , improved service quality and speed for our clients' customers . 2022 buy , build or partner to add solutions to cross-sell 2014 we continue to invest in growth through internal product development , as well as through product-focused or market-centric acquisitions that complement and extend our existing capabilities and provide us with additional solutions to cross-sell . we also partner from time to time with other entities to provide comprehensive offerings to our customers . by investing in solution innovation and integration , we continue to expand our value proposition to clients . 2022 support our clients through market transformation 2014 the changing market dynamics are transforming the way our clients operate , which is driving incremental demand for our leveraged solutions , consulting expertise , and services around intellectual property . our depth of services capabilities enables us to become involved earlier in the planning and design process to assist our clients as they manage through these changes . 2022 continually improve to drive margin expansion 2014 we strive to optimize our performance through investments in infrastructure enhancements and other measures that are designed to drive organic revenue growth and margin expansion . 2022 build global diversification 2014 we continue to deploy resources in emerging global markets where we expect to achieve meaningful scale . revenues by segment the table below summarizes the revenues by our reporting segments ( in millions ) : .
||2012|2011|2010|
|fsg|$ 2246.4|$ 2076.8|$ 1890.8|
|psg|2380.6|2372.1|2354.2|
|isg|1180.5|1177.6|917.0|
|corporate & other|0.1|-0.9 ( 0.9 )|-16.4 ( 16.4 )|
|total consolidated revenues|$ 5807.6|$ 5625.6|$ 5145.6|
financial solutions group the focus of fsg is to provide the most comprehensive software and services for the core processing , customer channel , treasury services , cash management , wealth management and capital market operations of our financial institution customers in north america . we service the core and related ancillary processing needs of north american banks , credit unions , automotive financial companies , commercial lenders , and independent community and savings institutions . fis offers a broad selection of in-house and outsourced solutions to banking customers that span the range of asset sizes . fsg customers are typically committed under multi-year contracts that provide a stable , recurring revenue base and opportunities for cross-selling additional financial and payments offerings . we employ several business models to provide our solutions to our customers . we typically deliver the highest value to our customers when we combine our software applications and deliver them in one of several types of outsourcing arrangements , such as an application service provider , facilities management processing or an application management arrangement . we are also able to deliver individual applications through a software licensing arrangement . based upon our expertise gained through the foregoing arrangements , some clients also retain us to manage their it operations without using any of our proprietary software . our solutions in this segment include: .
Question: what percent of total consolidate revenue was the psg segment in 2011?
Answer: | 0.42166 |
FINQA2032 | Please answer the given financial question based on the context.
Context: approximately 99% ( 99 % ) of the outstanding shares of common stock of aon corporation were held within the dtc system . the class a ordinary shares of aon plc are , at present , eligible for deposit and clearing within the dtc system . in connection with the closing of the redomestication , we entered into arrangements with dtc whereby we agreed to indemnify dtc for any stamp duty and/or sdrt that may be assessed upon it as a result of its service as a depository and clearing agency for our class a ordinary shares . in addition , we have obtained a ruling from hmrc in respect of the stamp duty and sdrt consequences of the reorganization , and sdrt has been paid in accordance with the terms of this ruling in respect of the deposit of class a ordinary shares with the initial depository . dtc will generally have discretion to cease to act as a depository and clearing agency for the class a ordinary shares . if dtc determines at any time that the class a ordinary shares are not eligible for continued deposit and clearance within its facilities , then we believe the class a ordinary shares would not be eligible for continued listing on a u.s . securities exchange or inclusion in the s&p 500 and trading in the class a ordinary shares would be disrupted . while we would pursue alternative arrangements to preserve our listing and maintain trading , any such disruption could have a material adverse effect on the trading price of the class a ordinary shares . item 1b . unresolved staff comments . item 2 . properties . we have offices in various locations throughout the world . substantially all of our offices are located in leased premises . we maintain our corporate headquarters at 122 leadenhall street , london , england , where we occupy approximately 190000 square feet of space under an operating lease agreement that expires in 2034 . we own one significant building at pallbergweg 2-4 , amsterdam , the netherlands ( 150000 square feet ) . the following are additional significant leased properties , along with the occupied square footage and expiration . property : occupied square footage expiration .
|property:|occupiedsquare footage|leaseexpiration dates|
|4 overlook point and other locations lincolnshire illinois|1059000|2019 2013 2024|
|tikri campus and unitech cyber park gurgaon india|440000|2015 2013 2019|
|200 e . randolph street chicago illinois|428000|2028|
|2601 research forest drive the woodlands texas|414000|2020|
|2300 discovery drive orlando florida|364000|2020|
|199 water street new york new york|319000|2018|
|7201 hewitt associates drive charlotte north carolina|218000|2025|
the locations in lincolnshire , illinois , gurgaon , india , the woodlands , texas , orlando , florida , and charlotte , north carolina , are primarily dedicated to our hr solutions segment . the other locations listed above house personnel from both of our reportable segments . in general , no difficulty is anticipated in negotiating renewals as leases expire or in finding other satisfactory space if the premises become unavailable . we believe that the facilities we currently occupy are adequate for the purposes for which they are being used and are well maintained . in certain circumstances , we may have unused space and may seek to sublet such space to third parties , depending upon the demands for office space in the locations involved . see note 7 "lease commitments" of the notes to consolidated financial statements in part ii , item 8 of this report for information with respect to our lease commitments as of december 31 , 2015 . item 3 . legal proceedings . we hereby incorporate by reference note 14 "commitments and contingencies" of the notes to consolidated financial statements in part ii , item 8 of this report . item 4 . mine safety disclosure . not applicable. .
Question: how many years are left till the lease expiration date for the building of aon's corporate headquarters?
Answer: | 19.0 |
FINQA2033 | Please answer the given financial question based on the context.
Context: troubled debt restructurings ( tdrs ) a tdr is a loan whose terms have been restructured in a manner that grants a concession to a borrower experiencing financial difficulties . tdrs result from our loss mitigation activities , and include rate reductions , principal forgiveness , postponement/reduction of scheduled amortization , and extensions , which are intended to minimize economic loss and to avoid foreclosure or repossession of collateral . additionally , tdrs also result from borrowers that have been discharged from personal liability through chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to pnc . in those situations where principal is forgiven , the amount of such principal forgiveness is immediately charged off . some tdrs may not ultimately result in the full collection of principal and interest , as restructured , and result in potential incremental losses . these potential incremental losses have been factored into our overall alll estimate . the level of any subsequent defaults will likely be affected by future economic conditions . once a loan becomes a tdr , it will continue to be reported as a tdr until it is ultimately repaid in full , the collateral is foreclosed upon , or it is fully charged off . we held specific reserves in the alll of $ .5 billion and $ .6 billion at december 31 , 2013 and december 31 , 2012 , respectively , for the total tdr portfolio . table 70 : summary of troubled debt restructurings in millions dec . 31 dec . 31 .
|in millions|dec . 312013|dec . 312012|
|total consumer lending|$ 2161|$ 2318|
|total commercial lending|578|541|
|total tdrs|$ 2739|$ 2859|
|nonperforming|$ 1511|$ 1589|
|accruing ( a )|1062|1037|
|credit card|166|233|
|total tdrs|$ 2739|$ 2859|
( a ) accruing loans have demonstrated a period of at least six months of performance under the restructured terms and are excluded from nonperforming loans . loans where borrowers have been discharged from personal liability through chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to pnc are not returned to accrual status . table 71 quantifies the number of loans that were classified as tdrs as well as the change in the recorded investments as a result of the tdr classification during 2013 , 2012 and 2011 . additionally , the table provides information about the types of tdr concessions . the principal forgiveness tdr category includes principal forgiveness and accrued interest forgiveness . these types of tdrs result in a write down of the recorded investment and a charge-off if such action has not already taken place . the rate reduction tdr category includes reduced interest rate and interest deferral . the tdrs within this category would result in reductions to future interest income . the other tdr category primarily includes consumer borrowers that have been discharged from personal liability through chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to pnc , as well as postponement/reduction of scheduled amortization and contractual extensions for both consumer and commercial borrowers . in some cases , there have been multiple concessions granted on one loan . this is most common within the commercial loan portfolio . when there have been multiple concessions granted in the commercial loan portfolio , the principal forgiveness tdr was prioritized for purposes of determining the inclusion in the table below . for example , if there is principal forgiveness in conjunction with lower interest rate and postponement of amortization , the type of concession will be reported as principal forgiveness . second in priority would be rate reduction . for example , if there is an interest rate reduction in conjunction with postponement of amortization , the type of concession will be reported as a rate reduction . in the event that multiple concessions are granted on a consumer loan , concessions resulting from discharge from personal liability through chapter 7 bankruptcy without formal affirmation of the loan obligations to pnc would be prioritized and included in the other type of concession in the table below . after that , consumer loan concessions would follow the previously discussed priority of concessions for the commercial loan portfolio . 140 the pnc financial services group , inc . 2013 form 10-k .
Question: in millions for the two years ended dec . 312013 and dec . 312012 , \\nwhat was the average balance of total tdrs?
Answer: | 2799.0 |
FINQA2034 | Please answer the given financial question based on the context.
Context: performance graph comparison of five-year cumulative total return the following graph and table compare the cumulative total return on citi 2019s common stock , which is listed on the nyse under the ticker symbol 201cc 201d and held by 77787 common stockholders of record as of january 31 , 2017 , with the cumulative total return of the s&p 500 index and the s&p financial index over the five-year period through december 31 , 2016 . the graph and table assume that $ 100 was invested on december 31 , 2011 in citi 2019s common stock , the s&p 500 index and the s&p financial index , and that all dividends were reinvested . comparison of five-year cumulative total return for the years ended date citi s&p 500 financials .
|date|citi|s&p 500|s&p financials|
|31-dec-2011|100.0|100.0|100.0|
|31-dec-2012|150.6|116.0|128.8|
|31-dec-2013|198.5|153.6|174.7|
|31-dec-2014|206.3|174.6|201.3|
|31-dec-2015|197.8|177.0|198.2|
|31-dec-2016|229.3|198.2|243.4|
.
Question: in 2016 what was the ratio of the five-year cumulative total return for citi compared to s&p 500
Answer: | 1.3167 |
FINQA2035 | Please answer the given financial question based on the context.
Context: each clearing firm is required to deposit and maintain balances in the form of cash , u.s . government securities , certain foreign government securities , bank letters of credit or other approved investments to satisfy performance bond and guaranty fund requirements . all non-cash deposits are marked-to-market and haircut on a daily basis . securities deposited by the clearing firms are not reflected in the consolidated financial statements and the clearing house does not earn any interest on these deposits . these balances may fluctuate significantly over time due to investment choices available to clearing firms and changes in the amount of contributions required . in addition , the rules and regulations of cbot require that collateral be provided for delivery of physical commodities , maintenance of capital requirements and deposits on pending arbitration matters . to satisfy these requirements , clearing firms that have accounts that trade certain cbot products have deposited cash , u.s . treasury securities or letters of credit . the clearing house marks-to-market open positions at least once a day ( twice a day for futures and options contracts ) , and require payment from clearing firms whose positions have lost value and make payments to clearing firms whose positions have gained value . the clearing house has the capability to mark-to-market more frequently as market conditions warrant . under the extremely unlikely scenario of simultaneous default by every clearing firm who has open positions with unrealized losses , the maximum exposure related to positions other than credit default and interest rate swap contracts would be one half day of changes in fair value of all open positions , before considering the clearing houses 2019 ability to access defaulting clearing firms 2019 collateral deposits . for cleared credit default swap and interest rate swap contracts , the maximum exposure related to cme 2019s guarantee would be one full day of changes in fair value of all open positions , before considering cme 2019s ability to access defaulting clearing firms 2019 collateral . during 2017 , the clearing house transferred an average of approximately $ 2.4 billion a day through the clearing system for settlement from clearing firms whose positions had lost value to clearing firms whose positions had gained value . the clearing house reduces the guarantee exposure through initial and maintenance performance bond requirements and mandatory guaranty fund contributions . the company believes that the guarantee liability is immaterial and therefore has not recorded any liability at december 31 , 2017 . at december 31 , 2016 , performance bond and guaranty fund contribution assets on the consolidated balance sheets included cash as well as u.s . treasury and u.s . government agency securities with maturity dates of 90 days or less . the u.s . treasury and u.s . government agency securities were purchased by cme , at its discretion , using cash collateral . the benefits , including interest earned , and risks of ownership accrue to cme . interest earned is included in investment income on the consolidated statements of income . there were no u.s . treasury and u.s . government agency securities held at december 31 , 2017 . the amortized cost and fair value of these securities at december 31 , 2016 were as follows : ( in millions ) amortized .
|( in millions )|2016 amortizedcost|2016 fairvalue|
|u.s . treasury securities|$ 5548.9|$ 5549.0|
|u.s . government agency securities|1228.3|1228.3|
cme has been designated as a systemically important financial market utility by the financial stability oversight council and maintains a cash account at the federal reserve bank of chicago . at december 31 , 2017 and december 31 , 2016 , cme maintained $ 34.2 billion and $ 6.2 billion , respectively , within the cash account at the federal reserve bank of chicago . clearing firms , at their option , may instruct cme to deposit the cash held by cme into one of the ief programs . the total principal in the ief programs was $ 1.1 billion at december 31 , 2017 and $ 6.8 billion at december 31 .
Question: what was total amount of cash held by the federal reserve bank of chicago on behalf of the cme , including cash accounts and ief programs on december 31st , 2016?
Answer: | 13.0 |
FINQA2036 | Please answer the given financial question based on the context.
Context: mill in the fourth quarter of 2008 . this compares with 635000 tons of total downtime in 2008 of which 305000 tons were lack-of-order downtime . printing papers in millions 2009 2008 2007 .
|in millions|2009|2008|2007|
|sales|$ 5680|$ 6810|$ 6530|
|operating profit|1091|474|839|
north american printing papers net sales in 2009 were $ 2.8 billion compared with $ 3.4 billion in 2008 and $ 3.5 billion in 2007 . operating earnings in 2009 were $ 746 million ( $ 307 million excluding alter- native fuel mixture credits and plant closure costs ) compared with $ 405 million ( $ 435 million excluding shutdown costs for a paper machine ) in 2008 and $ 415 million in 2007 . sales volumes decreased sig- nificantly in 2009 compared with 2008 reflecting weak customer demand and reduced production capacity resulting from the shutdown of a paper machine at the franklin mill in december 2008 and the conversion of the bastrop mill to pulp production in june 2008 . average sales price realizations were lower reflecting slight declines for uncoated freesheet paper in domestic markets and significant declines in export markets . margins were also unfavorably affected by a higher proportion of shipments to lower-margin export markets . input costs , however , were favorable due to lower wood and chemical costs and sig- nificantly lower energy costs . freight costs were also lower . planned maintenance downtime costs in 2009 were comparable with 2008 . operating costs were favorable , reflecting cost control efforts and strong machine performance . lack-of-order downtime increased to 525000 tons in 2009 , including 120000 tons related to the shutdown of a paper machine at our franklin mill in the 2008 fourth quarter , from 135000 tons in 2008 . operating earnings in 2009 included $ 671 million of alternative fuel mixture cred- its , $ 223 million of costs associated with the shutdown of our franklin mill and $ 9 million of other shutdown costs , while operating earnings in 2008 included $ 30 million of costs for the shutdown of a paper machine at our franklin mill . looking ahead to 2010 , first-quarter sales volumes are expected to increase slightly from fourth-quarter 2009 levels . average sales price realizations should be higher , reflecting the full-quarter impact of sales price increases announced in the fourth quarter for converting and envelope grades of uncoated free- sheet paper and an increase in prices to export markets . however , input costs for wood , energy and chemicals are expected to continue to increase . planned maintenance downtime costs should be lower and operating costs should be favorable . brazil ian papers net sales for 2009 of $ 960 mil- lion increased from $ 950 million in 2008 and $ 850 million in 2007 . operating profits for 2009 were $ 112 million compared with $ 186 million in 2008 and $ 174 million in 2007 . sales volumes increased in 2009 compared with 2008 for both paper and pulp reflect- ing higher export shipments . average sales price realizations were lower due to strong competitive pressures in the brazilian domestic market in the second half of the year , lower export prices and unfavorable foreign exchange rates . margins were unfavorably affected by a higher proportion of lower margin export sales . input costs for wood and chem- icals were favorable , but these benefits were partially offset by higher energy costs . planned maintenance downtime costs were lower , and operating costs were also favorable . earnings in 2009 were adversely impacted by unfavorable foreign exchange effects . entering 2010 , sales volumes are expected to be seasonally lower compared with the fourth quarter of 2009 . profit margins are expected to be slightly higher reflecting a more favorable geographic sales mix and improving sales price realizations in export markets , partially offset by higher planned main- tenance outage costs . european papers net sales in 2009 were $ 1.3 bil- lion compared with $ 1.7 billion in 2008 and $ 1.5 bil- lion in 2007 . operating profits in 2009 of $ 92 million ( $ 115 million excluding expenses associated with the closure of the inverurie mill ) compared with $ 39 mil- lion ( $ 146 million excluding a charge to reduce the carrying value of the fixed assets at the inverurie , scotland mill to their estimated realizable value ) in 2008 and $ 171 million in 2007 . sales volumes in 2009 were lower than in 2008 primarily due to reduced sales of uncoated freesheet paper following the closure of the inverurie mill in 2009 . average sales price realizations decreased significantly in 2009 across most of western europe , but margins increased in poland and russia reflecting the effect of local currency devaluations . input costs were favorable as lower wood costs , particularly in russia , were only partially offset by higher energy costs in poland and higher chemical costs . planned main- tenance downtime costs were higher in 2009 than in 2008 , while manufacturing operating costs were lower . operating profits in 2009 also reflect favorable foreign exchange impacts . looking ahead to 2010 , sales volumes are expected to decline from strong 2009 fourth-quarter levels despite solid customer demand . average sales price realizations are expected to increase over the quar- ter , primarily in eastern europe , as price increases .
Question: north american printing papers net sales where what percent of total printing paper sales in 2009?
Answer: | 0.49296 |
FINQA2037 | Please answer the given financial question based on the context.
Context: global brand concepts american living launched exclusively at jcpenney in february 2008 , american living is a new tradition in american style for family and home , developed for the jcpenney customer by polo ralph lauren 2019s global brand concepts . american living features menswear , womenswear , childrenswear , accessories and home furnishings capturing the american spirit with modern style and superior quality . a complete lifestyle brand for the entire family and the home , american living mixes sporty , iconic essentials with eye-catching looks for a free-spirited take on contemporary style for every day . american living is available exclusively at jcpenney and jcp.com . chaps translates the classic heritage and timeless aesthetic of ralph lauren into an accessible line for men , women , children and the home . from casual basics designed for versatility and ease of wear to smart , finely tailored silhouettes perfect for business and more formal occasions , chaps creates interchangeable classics that are both enduring and affordable . the chaps men 2019s collection is available at select department and specialty stores . the chaps collections for women , children and the home are available only at kohl 2019s and kohls.com . our wholesale segment our wholesale segment sells our products to leading upscale and certain mid-tier department stores , specialty stores and golf and pro shops , both domestically and internationally . we have focused on elevating our brand and improving productivity by reducing the number of unproductive doors within department stores in which our products are sold , improving in-store product assortment and presentation , and improving full-price sell-throughs to consumers . as of the end of fiscal 2009 , our ralph lauren-branded products were sold through approximately 6100 doors worldwide and during fiscal 2009 , we invested approximately $ 35 million in related shop-within-shops primarily in domestic and international department and specialty stores . department stores are our major wholesale customers in north america . in europe , our wholesale sales are a varying mix of sales to both department stores and specialty shops , depending on the country . our collection brands 2014 women 2019s ralph lauren collection and black label and men 2019s purple label collection and black label 2014 are distributed through a limited number of premier fashion retailers . in addition , we sell excess and out- of-season products through secondary distribution channels , including our retail factory stores . in japan , our products are distributed primarily through shop-within-shops at premiere department stores . the mix of business is weighted to polo ralph lauren in men 2019s and women 2019s blue label . the distribution of men 2019s and women 2019s black label is also expanding through shop-within-shop presentations in top tier department stores across japan . worldwide distribution channels the following table presents the approximate number of doors by geographic location , in which ralph lauren- branded products distributed by our wholesale segment were sold to consumers in our primary channels of distribution as of march 28 , 2009 : location number of doors ( a ) .
|location|number of doors ( a )|
|united states and canada|2104|
|europe|3873|
|japan|120|
|total|6097|
( a ) in asia/pacific ( excluding japan ) , our products are distributed by our licensing partners. .
Question: what percentage of worldwide distribution channels doors were located in europe?
Answer: | 0.63523 |
FINQA2038 | Please answer the given financial question based on the context.
Context: corporate income taxes other than withholding taxes on certain investment income and premium excise taxes . if group or its bermuda subsidiaries were to become subject to u.s . income tax , there could be a material adverse effect on the company 2019s financial condition , results of operations and cash flows . united kingdom . bermuda re 2019s uk branch conducts business in the uk and is subject to taxation in the uk . bermuda re believes that it has operated and will continue to operate its bermuda operation in a manner which will not cause them to be subject to uk taxation . if bermuda re 2019s bermuda operations were to become subject to uk income tax , there could be a material adverse impact on the company 2019s financial condition , results of operations and cash flow . ireland . holdings ireland and ireland re conduct business in ireland and are subject to taxation in ireland . available information . the company 2019s annual reports on form 10-k , quarterly reports on form 10-q , current reports on form 8- k , proxy statements and amendments to those reports are available free of charge through the company 2019s internet website at http://www.everestregroup.com as soon as reasonably practicable after such reports are electronically filed with the securities and exchange commission ( the 201csec 201d ) . item 1a . risk factors in addition to the other information provided in this report , the following risk factors should be considered when evaluating an investment in our securities . if the circumstances contemplated by the individual risk factors materialize , our business , financial condition and results of operations could be materially and adversely affected and the trading price of our common shares could decline significantly . risks relating to our business fluctuations in the financial markets could result in investment losses . prolonged and severe disruptions in the public debt and equity markets , such as occurred during 2008 , could result in significant realized and unrealized losses in our investment portfolio . although financial markets have significantly improved since 2008 , they could deteriorate in the future . such declines in the financial markets could result in significant realized and unrealized losses on investments and could have a material adverse impact on our results of operations , equity , business and insurer financial strength and debt ratings . our results could be adversely affected by catastrophic events . we are exposed to unpredictable catastrophic events , including weather-related and other natural catastrophes , as well as acts of terrorism . any material reduction in our operating results caused by the occurrence of one or more catastrophes could inhibit our ability to pay dividends or to meet our interest and principal payment obligations . subsequent to april 1 , 2010 , we define a catastrophe as an event that causes a loss on property exposures before reinsurance of at least $ 10.0 million , before corporate level reinsurance and taxes . prior to april 1 , 2010 , we used a threshold of $ 5.0 million . by way of illustration , during the past five calendar years , pre-tax catastrophe losses , net of contract specific reinsurance but before cessions under corporate reinsurance programs , were as follows: .
|calendar year:|pre-tax catastrophe losses|
|( dollars in millions )||
|2013|$ 195.0|
|2012|410.0|
|2011|1300.4|
|2010|571.1|
|2009|67.4|
.
Question: what are the total pre-tax catastrophe losses in the last two years?
Answer: | 605.0 |
FINQA2039 | Please answer the given financial question based on the context.
Context: note 12 2013 stock-based compensation during 2013 , 2012 , and 2011 , we recorded non-cash stock-based compensation expense totaling $ 189 million , $ 167 million , and $ 157 million , which is included as a component of other unallocated costs on our statements of earnings . the net impact to earnings for the respective years was $ 122 million , $ 108 million , and $ 101 million . as of december 31 , 2013 , we had $ 132 million of unrecognized compensation cost related to nonvested awards , which is expected to be recognized over a weighted average period of 1.5 years . we received cash from the exercise of stock options totaling $ 827 million , $ 440 million , and $ 116 million during 2013 , 2012 , and 2011 . in addition , our income tax liabilities for 2013 , 2012 , and 2011 were reduced by $ 158 million , $ 96 million , and $ 56 million due to recognized tax benefits on stock-based compensation arrangements . stock-based compensation plans under plans approved by our stockholders , we are authorized to grant key employees stock-based incentive awards , including options to purchase common stock , stock appreciation rights , restricted stock units ( rsus ) , performance stock units ( psus ) , or other stock units . the exercise price of options to purchase common stock may not be less than the fair market value of our stock on the date of grant . no award of stock options may become fully vested prior to the third anniversary of the grant , and no portion of a stock option grant may become vested in less than one year . the minimum vesting period for restricted stock or stock units payable in stock is three years . award agreements may provide for shorter or pro-rated vesting periods or vesting following termination of employment in the case of death , disability , divestiture , retirement , change of control , or layoff . the maximum term of a stock option or any other award is 10 years . at december 31 , 2013 , inclusive of the shares reserved for outstanding stock options , rsus and psus , we had 20.4 million shares reserved for issuance under the plans . at december 31 , 2013 , 4.7 million of the shares reserved for issuance remained available for grant under our stock-based compensation plans . we issue new shares upon the exercise of stock options or when restrictions on rsus and psus have been satisfied . the following table summarizes activity related to nonvested rsus during 2013 : number of rsus ( in thousands ) weighted average grant-date fair value per share .
||number of rsus ( in thousands )|weighted average grant-date fair value pershare|
|nonvested at december 31 2012|4822|$ 79.10|
|granted|1356|89.24|
|vested|-2093 ( 2093 )|79.26|
|forfeited|-226 ( 226 )|81.74|
|nonvested at december 31 2013|3859|$ 82.42|
rsus are valued based on the fair value of our common stock on the date of grant . employees who are granted rsus receive the right to receive shares of stock after completion of the vesting period , however , the shares are not issued , and the employees cannot sell or transfer shares prior to vesting and have no voting rights until the rsus vest , generally three years from the date of the award . employees who are granted rsus receive dividend-equivalent cash payments only upon vesting . for these rsu awards , the grant-date fair value is equal to the closing market price of our common stock on the date of grant less a discount to reflect the delay in payment of dividend-equivalent cash payments . we recognize the grant-date fair value of rsus , less estimated forfeitures , as compensation expense ratably over the requisite service period , which beginning with the rsus granted in 2013 is shorter than the vesting period if the employee is retirement eligible on the date of grant or will become retirement eligible before the end of the vesting period . stock options we generally recognize compensation cost for stock options ratably over the three-year vesting period . at december 31 , 2013 and 2012 , there were 10.2 million ( weighted average exercise price of $ 83.65 ) and 20.6 million ( weighted average exercise price of $ 83.15 ) stock options outstanding . stock options outstanding at december 31 , 2013 have a weighted average remaining contractual life of approximately five years and an aggregate intrinsic value of $ 663 million , and we expect nearly all of these stock options to vest . of the stock options outstanding , 7.7 million ( weighted average exercise price of $ 84.37 ) have vested as of december 31 , 2013 and those stock options have a weighted average remaining contractual life of approximately four years and an aggregate intrinsic value of $ 497 million . there were 10.1 million ( weighted average exercise price of $ 82.72 ) stock options exercised during 2013 . we did not grant stock options to employees during 2013. .
Question: what was the difference in the weighted average grant-date fair value per share between 2012 and 2013?\\n
Answer: | 3.32 |
FINQA2040 | Please answer the given financial question based on the context.
Context: the table below reflects the estimated effects on pension expense of certain changes in annual assumptions , using 2014 estimated expense as a baseline . table 29 : pension expense 2013 sensitivity analysis change in assumption ( a ) estimated increase/ ( decrease ) to 2014 pension expense ( in millions ) .
|change in assumption ( a )|estimated increase/ ( decrease ) to 2014 pension expense ( in millions )|
|.5% ( .5 % ) decrease in discount rate|$ -2 ( 2 )|
|.5% ( .5 % ) decrease in expected long-term return on assets|$ 21|
|.5% ( .5 % ) increase in compensation rate|$ 1|
( a ) the impact is the effect of changing the specified assumption while holding all other assumptions constant . our pension plan contribution requirements are not particularly sensitive to actuarial assumptions . investment performance has the most impact on contribution requirements and will drive the amount of required contributions in future years . also , current law , including the provisions of the pension protection act of 2006 , sets limits as to both minimum and maximum contributions to the plan . we do not expect to be required by law to make any contributions to the plan during 2014 . we maintain other defined benefit plans that have a less significant effect on financial results , including various nonqualified supplemental retirement plans for certain employees , which are described more fully in note 15 employee benefit plans in the notes to consolidated financial statements in item 8 of this report . recourse and repurchase obligations as discussed in note 3 loan sale and servicing activities and variable interest entities in the notes to consolidated financial statements in item 8 of this report , pnc has sold commercial mortgage , residential mortgage and home equity loans directly or indirectly through securitization and loan sale transactions in which we have continuing involvement . one form of continuing involvement includes certain recourse and loan repurchase obligations associated with the transferred assets . commercial mortgage loan recourse obligations we originate , close and service certain multi-family commercial mortgage loans which are sold to fnma under fnma 2019s delegated underwriting and servicing ( dus ) program . we participated in a similar program with the fhlmc . our exposure and activity associated with these recourse obligations are reported in the corporate & institutional banking segment . for more information regarding our commercial mortgage loan recourse obligations , see the recourse and repurchase obligations section of note 24 commitments and guarantees included in the notes to consolidated financial statements in item 8 of this report . residential mortgage repurchase obligations while residential mortgage loans are sold on a non-recourse basis , we assume certain loan repurchase obligations associated with mortgage loans we have sold to investors . these loan repurchase obligations primarily relate to situations where pnc is alleged to have breached certain origination covenants and representations and warranties made to purchasers of the loans in the respective purchase and sale agreements . residential mortgage loans covered by these loan repurchase obligations include first and second-lien mortgage loans we have sold through agency securitizations , non-agency securitizations , and loan sale transactions . as discussed in note 3 in the notes to consolidated financial statements in item 8 of this report , agency securitizations consist of mortgage loan sale transactions with fnma , fhlmc and the government national mortgage association ( gnma ) , while non-agency securitizations consist of mortgage loan sale transactions with private investors . mortgage loan sale transactions that are not part of a securitization may involve fnma , fhlmc or private investors . our historical exposure and activity associated with agency securitization repurchase obligations has primarily been related to transactions with fnma and fhlmc , as indemnification and repurchase losses associated with fha and va-insured and uninsured loans pooled in gnma securitizations historically have been minimal . repurchase obligation activity associated with residential mortgages is reported in the residential mortgage banking segment . loan covenants and representations and warranties are established through loan sale agreements with various investors to provide assurance that pnc has sold loans that are of sufficient investment quality . key aspects of such covenants and representations and warranties include the loan 2019s compliance with any applicable loan criteria established for the transaction , including underwriting standards , delivery of all required loan documents to the investor or its designated party , sufficient collateral valuation and the validity of the lien securing the loan . as a result of alleged breaches of these contractual obligations , investors may request pnc to indemnify them against losses on certain loans or to repurchase loans . we investigate every investor claim on a loan by loan basis to determine the existence of a legitimate claim and that all other conditions for indemnification or repurchase have been met prior to the settlement with that investor . indemnifications for loss or loan repurchases typically occur when , after review of the claim , we agree insufficient evidence exists to dispute the investor 2019s claim that a breach of a loan covenant and representation and warranty has occurred , such breach has not been cured and the effect of such breach is deemed to have had a material and adverse effect on the value of the transferred loan . depending on the sale agreement and upon proper notice from the investor , we typically respond to such indemnification and repurchase requests within 60 days , although final resolution of the claim may take a longer period of time . with the exception of the sales agreements associated the pnc financial services group , inc . 2013 form 10-k 67 .
Question: what is the difference in millions on the pension expense effect of a .5% ( .5 % ) decrease in expected long-term return on assets compared to a .5% ( .5 % ) increase in compensation rate?
Answer: | 20.0 |
FINQA2041 | Please answer the given financial question based on the context.
Context: in asset positions , which totaled $ 41.2 million at june 30 , 2009 . to manage this risk , we have established strict counterparty credit guidelines that are continually monitored and reported to management . accordingly , management believes risk of loss under these hedging contracts is remote . certain of our derivative fi nancial instruments contain credit-risk-related contingent features . as of june 30 , 2009 , we were in compliance with such features and there were no derivative financial instruments with credit-risk-related contingent features that were in a net liability position . the est{e lauder companies inc . 111 market risk we use a value-at-risk model to assess the market risk of our derivative fi nancial instruments . value-at-risk rep resents the potential losses for an instrument or portfolio from adverse changes in market factors for a specifi ed time period and confi dence level . we estimate value- at-risk across all of our derivative fi nancial instruments using a model with historical volatilities and correlations calculated over the past 250-day period . the high , low and average measured value-at-risk for the twelve months ended june 30 , 2009 and 2008 related to our foreign exchange and interest rate contracts are as follows: .
|( in millions )|june 30 2009 high|june 30 2009 low|june 30 2009 average|june 30 2009 high|june 30 2009 low|average|
|foreign exchange contracts|$ 28.4|$ 14.2|$ 21.6|$ 18.8|$ 5.3|$ 11.3|
|interest rate contracts|34.3|23.0|29.5|28.8|12.6|20.0|
the change in the value-at-risk measures from the prior year related to our foreign exchange contracts refl ected an increase in foreign exchange volatilities and a different portfolio mix . the change in the value-at-risk measures from the prior year related to our interest rate contracts refl ected higher interest rate volatilities . the model esti- mates were made assuming normal market conditions and a 95 percent confi dence level . we used a statistical simulation model that valued our derivative fi nancial instruments against one thousand randomly generated market price paths . our calculated value-at-risk exposure represents an esti mate of reasonably possible net losses that would be recognized on our portfolio of derivative fi nancial instru- ments assuming hypothetical movements in future market rates and is not necessarily indicative of actual results , which may or may not occur . it does not represent the maximum possible loss or any expected loss that may occur , since actual future gains and losses will differ from those estimated , based upon actual fl uctuations in market rates , operating exposures , and the timing thereof , and changes in our portfolio of derivative fi nancial instruments during the year . we believe , however , that any such loss incurred would be offset by the effects of market rate movements on the respective underlying transactions for which the deriva- tive fi nancial instrument was intended . off-balance sheet arrangements we do not maintain any off-balance sheet arrangements , transactions , obligations or other relationships with unconsolidated entities that would be expected to have a material current or future effect upon our fi nancial condi- tion or results of operations . recently adopted accounting standards in may 2009 , the financial accounting standards board ( 201cfasb 201d ) issued statement of financial accounting standards ( 201csfas 201d ) no . 165 , 201csubsequent events 201d ( 201csfas no . 165 201d ) . sfas no . 165 requires the disclosure of the date through which an entity has evaluated subsequent events for potential recognition or disclosure in the fi nan- cial statements and whether that date represents the date the fi nancial statements were issued or were available to be issued . this standard also provides clarifi cation about circumstances under which an entity should recognize events or transactions occurring after the balance sheet date in its fi nancial statements and the disclosures that an entity should make about events or transactions that occurred after the balance sheet date . this standard is effective for interim and annual periods beginning with our fi scal year ended june 30 , 2009 . the adoption of this standard did not have a material impact on our consoli- dated fi nancial statements . in march 2008 , the fasb issued sfas no . 161 , 201cdisclosures about derivative instruments and hedging activities 2014 an amendment of fasb statement no . 133 201d ( 201csfas no . 161 201d ) . sfas no . 161 requires companies to provide qualitative disclosures about their objectives and strategies for using derivative instruments , quantitative disclosures of the fair values of , and gains and losses on , these derivative instruments in a tabular format , as well as more information about liquidity by requiring disclosure of a derivative contract 2019s credit-risk-related contingent .
Question: considering the foreign exchange contracts , what is the difference between its average during 2008 and 2009?
Answer: | 10.3 |
FINQA2042 | Please answer the given financial question based on the context.
Context: all debt and common and preferred stock issuances by entergy texas require prior regulatory approval . debt issuances are also subject to issuance tests set forth in its bond indenture and other agreements . entergy texas has sufficient capacity under these tests to meet its foreseeable capital needs . entergy texas 2019s receivables from or ( payables to ) the money pool were as follows as of december 31 for each of the following years. .
|2017|2016|2015|2014|
|( in thousands )|( in thousands )|( in thousands )|( in thousands )|
|$ 44903|$ 681|( $ 22068 )|$ 306|
see note 4 to the financial statements for a description of the money pool . entergy texas has a credit facility in the amount of $ 150 million scheduled to expire in august 2022 . the credit facility allows entergy texas to issue letters of credit against $ 30 million of the borrowing capacity of the facility . as of december 31 , 2017 , there were no cash borrowings and $ 25.6 million of letters of credit outstanding under the credit facility . in addition , entergy texas is a party to an uncommitted letter of credit facility as a means to post collateral to support its obligations to miso . as of december 31 , 2017 , a $ 22.8 million letter of credit was outstanding under entergy texas 2019s letter of credit facility . see note 4 to the financial statements for additional discussion of the credit facilities . entergy texas obtained authorizations from the ferc through october 2019 for short-term borrowings , not to exceed an aggregate amount of $ 200 million at any time outstanding , and long-term borrowings and security issuances . see note 4 to the financial statements for further discussion of entergy texas 2019s short-term borrowing limits . entergy texas , inc . and subsidiaries management 2019s financial discussion and analysis state and local rate regulation and fuel-cost recovery the rates that entergy texas charges for its services significantly influence its financial position , results of operations , and liquidity . entergy texas is regulated and the rates charged to its customers are determined in regulatory proceedings . the puct , a governmental agency , is primarily responsible for approval of the rates charged to customers . filings with the puct 2011 rate case in november 2011 , entergy texas filed a rate case requesting a $ 112 million base rate increase reflecting a 10.6% ( 10.6 % ) return on common equity based on an adjusted june 2011 test year . a0 a0the rate case also proposed a purchased power recovery rider . a0 a0on january 12 , 2012 , the puct voted not to address the purchased power recovery rider in the rate case , but the puct voted to set a baseline in the rate case proceeding that would be applicable if a purchased power capacity rider is approved in a separate proceeding . a0 a0in april 2012 the puct staff filed direct testimony recommending a base rate increase of $ 66 million and a 9.6% ( 9.6 % ) return on common equity . a0 a0the puct staff , however , subsequently filed a statement of position in the proceeding indicating that it was still evaluating the position it would ultimately take in the case regarding entergy texas 2019s recovery of purchased power capacity costs and entergy texas 2019s proposal to defer its miso transition expenses . a0 a0in april 2012 , entergy texas filed rebuttal testimony indicating a revised request for a $ 105 million base rate increase . a0 a0a hearing was held in late-april through early-may 2012 . in september 2012 the puct issued an order approving a $ 28 million rate increase , effective july 2012 . a0 a0the order included a finding that 201ca return on common equity ( roe ) of 9.80 percent will allow [entergy texas] a reasonable opportunity to earn a reasonable return on invested capital . 201d a0 a0the order also provided for increases in depreciation rates and the annual storm reserve accrual . a0 a0the order also reduced entergy texas 2019s proposed purchased power capacity costs , stating that they are not known and measurable ; reduced entergy texas 2019s regulatory assets associated with hurricane rita ; excluded from rate recovery capitalized financially-based incentive compensation ; included $ 1.6 million of miso transition expense in base rates ; and reduced entergy 2019s texas 2019s fuel reconciliation recovery by $ 4 .
Question: if no payables were paid off between 2016 and 2017 , what is the value payables which were added in 2017?
Answer: | 44222.0 |
FINQA2043 | Please answer the given financial question based on the context.
Context: notes to consolidated financial statements the amortized cost and fair value of fixed maturities by contractual maturity as of december 31 , 2007 , are as follows : amortized fair ( millions ) cost value .
|( millions )|amortizedcost|fairvalue|
|due in one year or less|$ 50|$ 50|
|due after one year through five years|52|52|
|due after five years through ten years|47|47|
|due after ten years|1|1|
|total fixed maturities|$ 150|$ 150|
expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties . for categorization purposes , aon considers any rating of baa or higher by moody 2019s investor services or equivalent rating agency to be investment grade . aon 2019s continuing operations have no fixed maturities with an unrealized loss at december 31 , 2007 . aon 2019s fixed-maturity portfolio is subject to interest rate , market and credit risks . with a carrying value of approximately $ 150 million at december 31 , 2007 , aon 2019s total fixed-maturity portfolio is approximately 96% ( 96 % ) investment grade based on market value . aon 2019s non publicly-traded fixed maturity portfolio had a carrying value of $ 9 million . valuations of these securities primarily reflect the fundamental analysis of the issuer and current market price of comparable securities . aon 2019s equity portfolio is comprised of a preferred stock not publicly traded . this portfolio is subject to interest rate , market , credit , illiquidity , concentration and operational performance risks . limited partnership securitization . in 2001 , aon sold the vast majority of its limited partnership ( lp ) portfolio , valued at $ 450 million , to peps i , a qspe . the common stock interest in peps i is held by a limited liability company which is owned by aon ( 49% ( 49 % ) ) and by a charitable trust , which is not controlled by aon , established for victims of september 11 ( 51% ( 51 % ) ) . approximately $ 171 million of investment grade fixed-maturity securities were sold by peps i to unaffiliated third parties . peps i then paid aon 2019s insurance underwriting subsidiaries the $ 171 million in cash and issued to them an additional $ 279 million in fixed-maturity and preferred stock securities . as part of this transaction , aon is required to purchase from peps i additional fixed-maturity securities in an amount equal to the unfunded limited partnership commitments , as they are requested . aon funded $ 2 million of commitments in both 2007 and 2006 . as of december 31 , 2007 , these unfunded commitments amounted to $ 44 million . these commitments have specific expiration dates and the general partners may decide not to draw on these commitments . the carrying value of the peps i preferred stock was $ 168 million and $ 210 million at december 31 , 2007 and 2006 , respectively . prior to 2007 , income distributions received from peps i were limited to interest payments on various peps i debt instruments . beginning in 2007 , peps i had redeemed or collateralized all of its debt , and as a result , began to pay preferred income distributions . in 2007 , the company received $ 61 million of income distributions from peps i , which are included in investment income . aon corporation .
Question: what is the percentage of the amortized cost of contracts due in one year or less among the total?
Answer: | 0.33333 |
FINQA2044 | Please answer the given financial question based on the context.
Context: other income and expense for the three fiscal years ended september 28 , 2002 are as follows ( in millions ) : gains and losses on non-current investments investments categorized as non-current debt and equity investments on the consolidated balance sheet are in equity and debt instruments of public companies . the company's non-current debt and equity investments , and certain investments in private companies carried in other assets , have been categorized as available-for-sale requiring that they be carried at fair value with unrealized gains and losses , net of taxes , reported in equity as a component of accumulated other comprehensive income . however , the company recognizes an impairment charge to earnings in the event a decline in fair value below the cost basis of one of these investments is determined to be other-than-temporary . the company includes recognized gains and losses resulting from the sale or from other-than-temporary declines in fair value associated with these investments in other income and expense . further information related to the company's non-current debt and equity investments may be found in part ii , item 8 of this form 10-k at note 2 of notes to consolidated financial statements . during 2002 , the company determined that declines in the fair value of certain of these investments were other-than-temporary . as a result , the company recognized a $ 44 million charge to earnings to write-down the basis of its investment in earthlink , inc . ( earthlink ) , a $ 6 million charge to earnings to write-down the basis of its investment in akamai technologies , inc . ( akamai ) , and a $ 15 million charge to earnings to write-down the basis of its investment in a private company investment . these losses in 2002 were partially offset by the sale of 117000 shares of earthlink stock for net proceeds of $ 2 million and a gain before taxes of $ 223000 , the sale of 250000 shares of akamai stock for net proceeds of $ 2 million and a gain before taxes of $ 710000 , and the sale of approximately 4.7 million shares of arm holdings plc ( arm ) stock for both net proceeds and a gain before taxes of $ 21 million . during 2001 , the company sold a total of approximately 1 million shares of akamai stock for net proceeds of $ 39 million and recorded a gain before taxes of $ 36 million , and sold a total of approximately 29.8 million shares of arm stock for net proceeds of $ 176 million and recorded a gain before taxes of $ 174 million . these gains during 2001 were partially offset by a $ 114 million charge to earnings that reflected an other- than-temporary decline in the fair value of the company's investment in earthlink and an $ 8 million charge that reflected an other-than- temporary decline in the fair value of certain private company investments . during 2000 , the company sold a total of approximately 45.2 million shares of arm stock for net proceeds of $ 372 million and a gain before taxes of $ 367 million . the combined carrying value of the company's investments in earthlink , akamai , and arm as of september 28 , 2002 , was $ 39 million . the company believes it is likely there will continue to be significant fluctuations in the fair value of these investments in the future . accounting for derivatives and cumulative effect of accounting change on october 1 , 2000 , the company adopted statement of financial accounting standard ( sfas ) no . 133 , accounting for derivative instruments and hedging activities . sfas no . 133 established accounting and reporting standards for derivative instruments , hedging activities , and exposure definition . net of the related income tax effect of approximately $ 5 million , adoption of sfas no . 133 resulted in a favorable cumulative-effect-type adjustment to net income of approximately $ 12 million for the first quarter of 2001 . the $ 17 million gross transition adjustment was comprised of a $ 23 million favorable adjustment for the restatement to fair value of the derivative component of the company's investment in samsung electronics co. , ltd . ( samsung ) , partially offset by the unfavorable adjustments to certain foreign currency and interest rate derivatives . sfas no . 133 also required the company to adjust the carrying value of the derivative component of its investment in samsung to earnings during the first quarter of 2001 , the before tax effect of which was an unrealized loss of approximately $ 13 million . interest and other income , net net interest and other income was $ 112 million in fiscal 2002 , compared to $ 217 million in fiscal 2001 . this $ 105 million or 48% ( 48 % ) decrease is .
||2002|2001|2000|
|gains ( losses ) on non-current investments net|$ -42 ( 42 )|$ 88|$ 367|
|unrealized loss on convertible securities|$ 2014|-13 ( 13 )|$ 2014|
|interest income|$ 118|$ 218|$ 210|
|interest expense|-11 ( 11 )|-16 ( 16 )|-21 ( 21 )|
|miscellaneous other income and expense|5|15|14|
|interest and other income net|$ 112|$ 217|$ 203|
|total other income and expense|$ 70|$ 292|$ 570|
total other income and expense .
Question: what was the greatest amount of total other income and expense , in millions?
Answer: | 570.0 |
FINQA2045 | Please answer the given financial question based on the context.
Context: liquidity and capital resources .
|cash cash equivalents and short-term investments|1999 $ 498.7|change 83% ( 83 % )|1998 $ 272.5|change ( 46 ) % ( % )|1997 $ 503.0|
|working capital|$ 355.4|73% ( 73 % )|$ 205.0|( 55 ) % ( % )|$ 454.3|
|stockholders' equity|$ 512.2|( 0.8 ) % ( % )|$ 516.4|( 28 ) % ( % )|$ 715.4|
our cash , cash equivalents , and short-term investments consist principally of money market mutual funds , municipal bonds , and united states government agency securities . all of our cash equivalents and short-term investments are classified as available-for-sale under the provisions of sfas 115 , 2018 2018accounting for certain investments in debt and equity securities . 2019 2019 the securities are carried at fair value with the unrealized gains and losses , net of tax , included in accumulated other comprehensive income , which is reflected as a separate component of stockholders 2019 equity . our cash , cash equivalents , and short-term investments increased $ 226.2 million , or 83% ( 83 % ) , in fiscal 1999 , primarily due to cash generated from operations of $ 334.2 million , proceeds from the issuance of treasury stock related to the exercise of stock options under our stock option plans and sale of stock under the employee stock purchase plan of $ 142.9 million , and the release of restricted funds totaling $ 130.3 million associated with the refinancing of our corporate headquarters lease agreement . other sources of cash include the proceeds from the sale of equity securities and the sale of a building in the amount of $ 63.9 million and $ 40.6 million , respectively . in addition , short-term investments increased due to a reclassification of $ 46.7 million of investments classified as long-term to short-term as well as mark-to-market adjustments totaling $ 81.2 million . these factors were partially offset by the purchase of treasury stock in the amount of $ 479.2 million , capital expenditures of $ 42.2 million , the purchase of other assets for $ 43.5 million , the purchase of the assets of golive systems and attitude software for $ 36.9 million , and the payment of dividends totaling $ 12.2 million . we expect to continue our investing activities , including expenditures for computer systems for research and development , sales and marketing , product support , and administrative staff . furthermore , cash reserves may be used to purchase treasury stock and acquire software companies , products , or technologies that are complementary to our business . in september 1997 , adobe 2019s board of directors authorized , subject to certain business and market conditions , the purchase of up to 30.0 million shares of our common stock over a two-year period . we repurchased approximately 1.7 million shares in the first quarter of fiscal 1999 , 20.3 million shares in fiscal 1998 , and 8.0 million shares in fiscal 1997 , at a cost of $ 30.5 million , $ 362.4 million , and $ 188.6 million , respectively . this program was completed during the first quarter of fiscal 1999 . in april 1999 , adobe 2019s board of directors authorized , subject to certain business and market conditions , the purchase of up to an additional 5.0 million shares of our common stock over a two-year period . this new stock repurchase program was in addition to an existing program whereby we have been authorized to repurchase shares to offset issuances under employee stock option and stock purchase plans . no purchases have been made under the 5.0 million share repurchase program . under our existing plan to repurchase shares to offset issuances under employee stock plans , we repurchased approximately 11.2 million , 0.7 million , and 4.6 million shares in fiscal 1999 , 1998 , and 1997 , respectively , at a cost of $ 448.7 million , $ 16.8 million , and $ 87.0 million , respectively . we have paid cash dividends on our common stock each quarter since the second quarter of 1988 . adobe 2019s board of directors declared a cash dividend on our common stock of $ 0.025 per common share for each of the four quarters in fiscal 1999 , 1998 , and 1997 . on december 1 , 1997 , we dividended one share of siebel common stock for each 600 shares of adobe common stock held by stockholders of record on october 31 , 1997 . an equivalent cash dividend was paid for holdings of less than 15000 adobe shares and .
Question: what percentage of cash , cash equivalents , and short-term investments was due to cash generated from operations?
Answer: | 1.47745 |
FINQA2046 | Please answer the given financial question based on the context.
Context: jpmorgan chase & co./2010 annual report 59 consolidated results of operations this following section provides a comparative discussion of jpmorgan chase 2019s consolidated results of operations on a reported basis for the three-year period ended december 31 , 2010 . factors that related primarily to a single business segment are discussed in more detail within that business segment . for a discussion of the critical accounting estimates used by the firm that affect the consolidated results of operations , see pages 149 2013 154 of this annual report . revenue year ended december 31 , ( in millions ) 2010 2009 2008 .
|year ended december 31 ( in millions )|2010|2009|2008|
|investment banking fees|$ 6190|$ 7087|$ 5526|
|principal transactions|10894|9796|-10699 ( 10699 )|
|lending- and deposit-related fees|6340|7045|5088|
|asset management administrationand commissions|13499|12540|13943|
|securities gains|2965|1110|1560|
|mortgage fees and related income|3870|3678|3467|
|credit card income|5891|7110|7419|
|other income|2044|916|2169|
|noninterest revenue|51693|49282|28473|
|net interest income|51001|51152|38779|
|total net revenue|$ 102694|$ 100434|$ 67252|
2010 compared with 2009 total net revenue for 2010 was $ 102.7 billion , up by $ 2.3 billion , or 2% ( 2 % ) , from 2009 . results for 2010 were driven by a higher level of securities gains and private equity gains in corporate/private equity , higher asset management fees in am and administration fees in tss , and higher other income in several businesses , partially offset by lower credit card income . investment banking fees decreased from 2009 due to lower equity underwriting and advisory fees , partially offset by higher debt underwriting fees . competitive markets combined with flat industry-wide equity underwriting and completed m&a volumes , resulted in lower equity underwriting and advisory fees ; while strong industry-wide loan syndication and high-yield bond volumes drove record debt underwriting fees in ib . for additional information on investment banking fees , which are primarily recorded in ib , see ib segment results on pages 69 201371 of this annual report . principal transactions revenue , which consists of revenue from the firm 2019s trading and private equity investing activities , increased compared with 2009 . this was driven by the private equity business , which had significant private equity gains in 2010 , compared with a small loss in 2009 , reflecting improvements in market conditions . trading revenue decreased , reflecting lower results in corporate , offset by higher revenue in ib primarily reflecting gains from the widening of the firm 2019s credit spread on certain structured and derivative liabilities . for additional information on principal transactions revenue , see ib and corporate/private equity segment results on pages 69 201371 and 89 2013 90 , respectively , and note 7 on pages 199 2013200 of this annual report . lending- and deposit-related fees decreased in 2010 from 2009 levels , reflecting lower deposit-related fees in rfs associated , in part , with newly-enacted legislation related to non-sufficient funds and overdraft fees ; this was partially offset by higher lending- related service fees in ib , primarily from growth in business volume , and in cb , primarily from higher commitment and letter-of-credit fees . for additional information on lending- and deposit-related fees , which are mostly recorded in ib , rfs , cb and tss , see segment results for ib on pages 69 201371 , rfs on pages 72 201378 , cb on pages 82 201383 and tss on pages 84 201385 of this annual report . asset management , administration and commissions revenue increased from 2009 . the increase largely reflected higher asset management fees in am , driven by the effect of higher market levels , net inflows to products with higher margins and higher performance fees ; and higher administration fees in tss , reflecting the effects of higher market levels and net inflows of assets under custody . this increase was partially offset by lower brokerage commissions in ib , as a result of lower market volumes . for additional information on these fees and commissions , see the segment discussions for am on pages 86 201388 and tss on pages 84 201385 of this annual report . securities gains were significantly higher in 2010 compared with 2009 , resulting primarily from the repositioning of the portfolio in response to changes in the interest rate environment and to rebalance exposure . for additional information on securities gains , which are mostly recorded in the firm 2019s corporate segment , see the corporate/private equity segment discussion on pages 89 201390 of this annual report . mortgage fees and related income increased in 2010 compared with 2009 , driven by higher mortgage production revenue , reflecting increased mortgage origination volumes in rfs and am , and wider margins , particularly in rfs . this increase was largely offset by higher repurchase losses in rfs ( recorded as contra- revenue ) , which were attributable to higher estimated losses related to repurchase demands , predominantly from gses . for additional information on mortgage fees and related income , which is recorded primarily in rfs , see rfs 2019s mortgage banking , auto & other consumer lending discussion on pages 74 201377 of this annual report . for additional information on repurchase losses , see the repurchase liability discussion on pages 98 2013101 and note 30 on pages 275 2013280 of this annual report . credit card income decreased during 2010 , predominantly due to the impact of the accounting guidance related to vies , effective january 1 , 2010 , that required the firm to consolidate the assets and liabilities of its firm-sponsored credit card securitization trusts . adoption of the new guidance resulted in the elimination of all servicing fees received from firm-sponsored credit card securitization trusts ( which was offset by related increases in net .
Question: what was noninterest revenue as a percent of total net revenue in 2009?
Answer: | 0.49069 |
FINQA2047 | Please answer the given financial question based on the context.
Context: borrowings reflect net proceeds received from the issuance of senior notes in june 2015 . see liquidity and capital resources below for additional information . in november 2015 , we repaid our $ 1 billion 0.90% ( 0.90 % ) senior notes upon maturity . in october 2015 , we announced an adjustment to our quarterly dividend . see capital requirements below for additional information . additions to property , plant and equipment are our most significant use of cash and cash equivalents . the following table shows capital expenditures related to continuing operations by segment and reconciles to additions to property , plant and equipment as presented in the consolidated statements of cash flows for 2015 , 2014 and 2013: .
|( in millions )|year ended december 31 , 2015|year ended december 31 , 2014|year ended december 31 , 2013|
|north america e&p|$ 2553|$ 4698|$ 3649|
|international e&p|368|534|456|
|oil sands mining ( a )|-10 ( 10 )|212|286|
|corporate|25|51|58|
|total capital expenditures|2936|5495|4449|
|change in capital expenditure accrual|540|-335 ( 335 )|-6 ( 6 )|
|additions to property plant and equipment|$ 3476|$ 5160|$ 4443|
( a ) reflects reimbursements earned from the governments of canada and alberta related to funds previously expended for quest ccs capital equipment . quest ccs was successfully completed and commissioned in the fourth quarter of 2015 . during 2014 , we acquired 29 million shares at a cost of $ 1 billion and in 2013 acquired 14 million shares at a cost of $ 500 million . there were no share repurchases in 2015 . see item 8 . financial statements and supplementary data 2013 note 23 to the consolidated financial statements for discussion of purchases of common stock . liquidity and capital resources on june 10 , 2015 , we issued $ 2 billion aggregate principal amount of unsecured senior notes which consist of the following series : 2022 $ 600 million of 2.70% ( 2.70 % ) senior notes due june 1 , 2020 2022 $ 900 million of 3.85% ( 3.85 % ) senior notes due june 1 , 2025 2022 $ 500 million of 5.20% ( 5.20 % ) senior notes due june 1 , 2045 interest on each series of senior notes is payable semi-annually beginning december 1 , 2015 . we used the aggregate net proceeds to repay our $ 1 billion 0.90% ( 0.90 % ) senior notes on november 2 , 2015 , and the remainder for general corporate purposes . in may 2015 , we amended our $ 2.5 billion credit facility to increase the facility size by $ 500 million to a total of $ 3.0 billion and extend the maturity date by an additional year such that the credit facility now matures in may 2020 . the amendment additionally provides us the ability to request two one-year extensions to the maturity date and an option to increase the commitment amount by up to an additional $ 500 million , subject to the consent of any increasing lenders . the sub-facilities for swing-line loans and letters of credit remain unchanged allowing up to an aggregate amount of $ 100 million and $ 500 million , respectively . fees on the unused commitment of each lender , as well as the borrowing options under the credit facility , remain unchanged . our main sources of liquidity are cash and cash equivalents , internally generated cash flow from operations , capital market transactions , our committed revolving credit facility and sales of non-core assets . our working capital requirements are supported by these sources and we may issue either commercial paper backed by our $ 3.0 billion revolving credit facility or draw on our $ 3.0 billion revolving credit facility to meet short-term cash requirements or issue debt or equity securities through the shelf registration statement discussed below as part of our longer-term liquidity and capital management . because of the alternatives available to us as discussed above , we believe that our short-term and long-term liquidity is adequate to fund not only our current operations , but also our near-term and long-term funding requirements including our capital spending programs , dividend payments , defined benefit plan contributions , repayment of debt maturities and other amounts that may ultimately be paid in connection with contingencies . general economic conditions , commodity prices , and financial , business and other factors could affect our operations and our ability to access the capital markets . a downgrade in our credit ratings could negatively impact our cost of capital and our ability to access the capital markets , increase the interest rate and fees we pay on our unsecured revolving credit facility , restrict our access to the commercial paper market , or require us to post letters of credit or other forms of collateral for certain .
Question: during 2013 , what was the average cost per share acquired?
Answer: | 35.71429 |
FINQA2048 | Please answer the given financial question based on the context.
Context: table of contents hologic , inc . notes to consolidated financial statements ( continued ) ( in thousands , except per share data ) the acquisition also provides for up to two annual earn-out payments not to exceed $ 15000 in the aggregate based on biolucent 2019s achievement of certain revenue targets . the company considered the provision of eitf 95-8 , and concluded that this contingent consideration represents additional purchase price . as a result , goodwill will be increased by the amount of the additional consideration , if any , as it is earned . as of september 26 , 2009 , the company has not recorded any amounts for these potential earn-outs . the allocation of the purchase price was based upon estimates of the fair value of assets acquired and liabilities assumed as of september 18 , 2007 . the components and allocation of the purchase price consisted of the following approximate amounts: .
|net tangible assets acquired as of september 18 2007|$ 2800|
|developed technology and know how|12300|
|customer relationship|17000|
|trade name|2800|
|deferred income tax liabilities net|-9500 ( 9500 )|
|goodwill|47800|
|final purchase price|$ 73200|
as part of the purchase price allocation , all intangible assets that were a part of the acquisition were identified and valued . it was determined that only customer relationship , trade name and developed technology had separately identifiable values . the fair value of these intangible assets was determined through the application of the income approach . customer relationship represented a large customer base that was expected to purchase the disposable mammopad product on a regular basis . trade name represented the biolucent product name that the company intended to continue to use . developed technology represented currently marketable purchased products that the company continues to sell as well as utilize to enhance and incorporate into the company 2019s existing products . the deferred income tax liability relates to the tax effect of acquired identifiable intangible assets and fair value adjustments to acquired inventory , as such amounts are not deductible for tax purposes , partially offset by acquired net operating loss carryforwards of approximately $ 2400 . 4 . sale of gestiva on january 16 , 2008 , the company entered into a definitive agreement pursuant to which it agreed to sell full u.s . and world-wide rights to gestiva to k-v pharmaceutical company upon approval of the pending gestiva new drug application ( the 201cgestiva nda 201d ) by the fda for a purchase price of $ 82000 . the company received $ 9500 of the purchase price in fiscal 2008 , and the balance is due upon final approval of the gestiva nda by the fda on or before february 19 , 2010 and the production of a quantity of gestiva suitable to enable the commercial launch of the product . either party has the right to terminate the agreement if fda approval is not obtained by february 19 , 2010 . the company agreed to continue its efforts to obtain fda approval of the nda for gestiva as part of this arrangement . all costs incurred in these efforts will be reimbursed by k-v pharmaceutical and are being recorded as a credit against research and development expenses . during fiscal 2009 and 2008 , these reimbursed costs were not material . the company recorded the $ 9500 as a deferred gain within current liabilities in the consolidated balance sheet . the company expects that the gain will be recognized upon the closing of the transaction following final fda approval of the gestiva nda or if the agreement is terminated . the company cannot assure that it will be able to obtain the requisite fda approval , that the transaction will be completed or that it will receive the balance of the purchase price . moreover , if k-v pharmaceutical terminates the agreement as a result of a breach by the company of a material representation , warranty , covenant or agreement , the company will be required to return the funds previously received as well as expenses reimbursed by k-v . source : hologic inc , 10-k , november 24 , 2009 powered by morningstar ae document research 2120 the information contained herein may not be copied , adapted or distributed and is not warranted to be accurate , complete or timely . the user assumes all risks for any damages or losses arising from any use of this information , except to the extent such damages or losses cannot be limited or excluded by applicable law . past financial performance is no guarantee of future results. .
Question: what portion of the final purchase price is related to goodwill?
Answer: | 0.65301 |
FINQA2049 | Please answer the given financial question based on the context.
Context: american tower corporation and subsidiaries notes to consolidated financial statements as of december 31 , 2010 and 2009 , the company had $ 295.4 million and $ 295.0 million net , respectively ( $ 300.0 million aggregate principal amount ) outstanding under the 7.25% ( 7.25 % ) notes . as of december 31 , 2010 and 2009 , the carrying value includes a discount of $ 4.6 million and $ 5.0 million , respectively . 5.0% ( 5.0 % ) convertible notes 2014the 5.0% ( 5.0 % ) convertible notes due 2010 ( 201c5.0% ( 201c5.0 % ) notes 201d ) matured on february 15 , 2010 , and interest was payable semiannually on february 15 and august 15 of each year . the 5.0% ( 5.0 % ) notes were convertible at any time into shares of the company 2019s class a common stock ( 201ccommon stock 201d ) at a conversion price of $ 51.50 per share , subject to adjustment in certain cases . as of december 31 , 2010 and 2009 , the company had none and $ 59.7 million outstanding , respectively , under the 5.0% ( 5.0 % ) notes . ati 7.25% ( 7.25 % ) senior subordinated notes 2014the ati 7.25% ( 7.25 % ) notes were issued with a maturity of december 1 , 2011 and interest was payable semi-annually in arrears on june 1 and december 1 of each year . the ati 7.25% ( 7.25 % ) notes were jointly and severally guaranteed on a senior subordinated basis by the company and substantially all of the wholly owned domestic restricted subsidiaries of ati and the company , other than spectrasite and its subsidiaries . the notes ranked junior in right of payment to all existing and future senior indebtedness of ati , the sister guarantors ( as defined in the indenture relating to the notes ) and their domestic restricted subsidiaries . the ati 7.25% ( 7.25 % ) notes were structurally senior in right of payment to all other existing and future indebtedness of the company , including the company 2019s senior notes , convertible notes and the revolving credit facility and term loan . during the year ended december 31 , 2010 , ati issued a notice for the redemption of the principal amount of its outstanding ati 7.25% ( 7.25 % ) notes . in accordance with the redemption provisions and the indenture for the ati 7.25% ( 7.25 % ) notes , the notes were redeemed at a price equal to 100.00% ( 100.00 % ) of the principal amount , plus accrued and unpaid interest up to , but excluding , september 23 , 2010 , for an aggregate purchase price of $ 0.3 million . as of december 31 , 2010 and 2009 , the company had none and $ 0.3 million , respectively , outstanding under the ati 7.25% ( 7.25 % ) notes . capital lease obligations and notes payable 2014the company 2019s capital lease obligations and notes payable approximated $ 46.3 million and $ 59.0 million as of december 31 , 2010 and 2009 , respectively . these obligations bear interest at rates ranging from 2.5% ( 2.5 % ) to 9.3% ( 9.3 % ) and mature in periods ranging from less than one year to approximately seventy years . maturities 2014as of december 31 , 2010 , aggregate carrying value of long-term debt , including capital leases , for the next five years and thereafter are estimated to be ( in thousands ) : year ending december 31 .
|2011|$ 74896|
|2012|625884|
|2013|618|
|2014|1750479|
|2015|600489|
|thereafter|2541858|
|total cash obligations|5594224|
|unamortized discounts and premiums net|-6836 ( 6836 )|
|balance as of december 31 2010|$ 5587388|
.
Question: what is the percentage change in the balance of capital lease obligations and notes payable from 2009 to 2010?
Answer: | -0.21525 |
FINQA2050 | Please answer the given financial question based on the context.
Context: the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2011 , 2010 , and 2009 company for an aggregate proceeds of approximately $ 234 million . the company recognized a gain on disposal of $ 6 million , net of tax , during the year ended december 31 , 2010 . ras laffan was previously reported in the asia generation segment . 23 . acquisitions and dispositions acquisitions dpl 2014on november 28 , 2011 , aes completed its acquisition of 100% ( 100 % ) of the common stock of dpl for approximately $ 3.5 billion , pursuant to the terms and conditions of a definitive agreement ( the 201cmerger agreement 201d ) dated april 19 , 2011 . dpl serves over 500000 customers , primarily west central ohio , through its operating subsidiaries dp&l and dpl energy resources ( 201cdpler 201d ) . additionally , dpl operates over 3800 mw of power generation facilities and provides competitive retail energy services to residential , commercial , industrial and governmental customers . the acquisition strengthens the company 2019s u.s . utility operations by expanding in the midwest and pjm , a regional transmission organization serving several eastern states as part of the eastern interconnection . the company expects to benefit from the regional scale provided by indianapolis power & light company , its nearby integrated utility business in indiana . aes funded the aggregate purchase consideration through a combination of the following : 2022 the proceeds from a $ 1.05 billion term loan obtained in may 2011 ; 2022 the proceeds from a private offering of $ 1.0 billion notes in june 2011 ; 2022 temporary borrowings of $ 251 million under its revolving credit facility ; and 2022 the proceeds from private offerings of $ 450 million aggregate principal amount of 6.50% ( 6.50 % ) senior notes due 2016 and $ 800 million aggregate principal amount of 7.25% ( 7.25 % ) senior notes due 2021 ( collectively , the 201cnotes 201d ) in october 2011 by dolphin subsidiary ii , inc . ( 201cdolphin ii 201d ) , a wholly-owned special purpose indirect subsidiary of aes , which was merged into dpl upon the completion of acquisition . the fair value of the consideration paid for dpl was as follows ( in millions ) : .
|agreed enterprise value|$ 4719|
|less : fair value of assumed long-term debt outstanding net|-1255 ( 1255 )|
|cash consideration paid to dpl 2019s common stockholders|3464|
|add : cash paid for outstanding stock-based awards|19|
|total cash consideration paid|$ 3483|
.
Question: total cash consideration was what percent of the enterprise value of dpl?
Answer: | 0.73808 |
FINQA2051 | Please answer the given financial question based on the context.
Context: tax benefits recognized for stock-based compensation during the years ended december 31 , 2011 , 2010 and 2009 , were $ 16 million , $ 6 million and $ 5 million , respectively . the amount of northrop grumman shares issued before the spin-off to satisfy stock-based compensation awards are recorded by northrop grumman and , accordingly , are not reflected in hii 2019s consolidated financial statements . the company realized tax benefits during the year ended december 31 , 2011 , of $ 2 million from the exercise of stock options and $ 10 million from the issuance of stock in settlement of rpsrs and rsrs . unrecognized compensation expense at december 31 , 2011 there was $ 1 million of unrecognized compensation expense related to unvested stock option awards , which will be recognized over a weighted average period of 1.1 years . in addition , at december 31 , 2011 , there was $ 19 million of unrecognized compensation expense associated with the 2011 rsrs , which will be recognized over a period of 2.2 years ; $ 10 million of unrecognized compensation expense associated with the rpsrs converted as part of the spin-off , which will be recognized over a weighted average period of one year ; and $ 18 million of unrecognized compensation expense associated with the 2011 rpsrs which will be recognized over a period of 2.0 years . stock options the compensation expense for the outstanding converted stock options was determined at the time of grant by northrop grumman . there were no additional options granted during the year ended december 31 , 2011 . the fair value of the stock option awards is expensed on a straight-line basis over the vesting period of the options . the fair value of each of the stock option award was estimated on the date of grant using a black-scholes option pricing model based on the following assumptions : dividend yield 2014the dividend yield was based on northrop grumman 2019s historical dividend yield level . volatility 2014expected volatility was based on the average of the implied volatility from traded options and the historical volatility of northrop grumman 2019s stock . risk-free interest rate 2014the risk-free rate for periods within the contractual life of the stock option award was based on the yield curve of a zero-coupon u.s . treasury bond on the date the award was granted with a maturity equal to the expected term of the award . expected term 2014the expected term of awards granted was derived from historical experience and represents the period of time that awards granted are expected to be outstanding . a stratification of expected terms based on employee populations ( executive and non-executive ) was considered in the analysis . the following significant weighted-average assumptions were used to value stock options granted during the years ended december 31 , 2010 and 2009: .
||2010|2009|
|dividend yield|2.9% ( 2.9 % )|3.6% ( 3.6 % )|
|volatility rate|25% ( 25 % )|25% ( 25 % )|
|risk-free interest rate|2.3% ( 2.3 % )|1.7% ( 1.7 % )|
|expected option life ( years )|6|5 & 6|
the weighted-average grant date fair value of stock options granted during the years ended december 31 , 2010 and 2009 , was $ 11 and $ 7 , per share , respectively. .
Question: what was the percentage decline in the dividend yield from 2009 to 2010
Answer: | -0.19444 |
FINQA2052 | Please answer the given financial question based on the context.
Context: note 8 . acquisitions during fiscal 2017 , cadence completed two business combinations for total cash consideration of $ 142.8 million , after taking into account cash acquired of $ 4.2 million . the total purchase consideration was allocated to the assets acquired and liabilities assumed based on their respective estimated fair values on the acquisition dates . cadence recorded a total of $ 76.4 million of acquired intangible assets ( of which $ 71.5 million represents in-process technology ) , $ 90.2 million of goodwill and $ 19.6 million of net liabilities consisting primarily of deferred tax liabilities . cadence will also make payments to certain employees , subject to continued employment and other performance-based conditions , through the fourth quarter of fiscal 2020 . during fiscal 2016 , cadence completed two business combinations for total cash consideration of $ 42.4 million , after taking into account cash acquired of $ 1.8 million . the total purchase consideration was allocated to the assets acquired and liabilities assumed based on their respective estimated fair values on the acquisition dates . cadence recorded a total of $ 23.6 million of goodwill , $ 23.2 million of acquired intangible assets and $ 2.6 million of net liabilities consisting primarily of deferred revenue . cadence will also make payments to certain employees , subject to continued employment and other conditions , through the second quarter of fiscal a trust for the benefit of the children of lip-bu tan , cadence 2019s chief executive officer ( 201cceo 201d ) and director , owned less than 3% ( 3 % ) of nusemi inc , one of the companies acquired in 2017 , and less than 2% ( 2 % ) of rocketick technologies ltd. , one of the companies acquired in 2016 . mr . tan and his wife serve as co-trustees of the trust and disclaim pecuniary and economic interest in the trust . the board of directors of cadence reviewed the transactions and concluded that it was in the best interests of cadence to proceed with the transactions . mr . tan recused himself from the board of directors 2019 discussion of the valuation of nusemi inc and rocketick technologies ltd . and on whether to proceed with the transactions . acquisition-related transaction costs there were no direct transaction costs associated with acquisitions during fiscal 2018 . transaction costs associated with acquisitions were $ 0.6 million and $ 1.1 million during fiscal 2017 and 2016 , respectively . these costs consist of professional fees and administrative costs and were expensed as incurred in cadence 2019s consolidated income statements . note 9 . goodwill and acquired intangibles goodwill the changes in the carrying amount of goodwill during fiscal 2018 and 2017 were as follows : gross carrying amount ( in thousands ) .
||gross carryingamount ( in thousands )|
|balance as of december 31 2016|$ 572764|
|goodwill resulting from acquisitions|90218|
|effect of foreign currency translation|3027|
|balance as of december 30 2017|666009|
|effect of foreign currency translation|-3737 ( 3737 )|
|balance as of december 29 2018|$ 662272|
cadence completed its annual goodwill impairment test during the third quarter of fiscal 2018 and determined that the fair value of cadence 2019s single reporting unit substantially exceeded the carrying amount of its net assets and that no impairment existed. .
Question: what is the percentage increase in the balance of goodwill from 2017 to 2018?
Answer: | -0.00561 |
FINQA2053 | Please answer the given financial question based on the context.
Context: securities have historically returned approximately 10% ( 10 % ) annually over long periods of time , while u.s . debt securities have returned approximately 6% ( 6 % ) annually over long periods . application of these historical returns to the plan 2019s allocation ranges for equities and bonds produces a result between 7.25% ( 7.25 % ) and 8.75% ( 8.75 % ) and is one point of reference , among many other factors , that is taken into consideration . we also examine the plan 2019s actual historical returns over various periods and consider the current economic environment . recent experience is considered in our evaluation with appropriate consideration that , especially for short time periods , recent returns are not reliable indicators of future returns . while annual returns can vary significantly ( actual returns for 2012 , 2011 , and 2010 were +15.29% ( +15.29 % ) , +.11% ( +.11 % ) , and +14.87% ( +14.87 % ) , respectively ) , the selected assumption represents our estimated long-term average prospective returns . acknowledging the potentially wide range for this assumption , we also annually examine the assumption used by other companies with similar pension investment strategies , so that we can ascertain whether our determinations markedly differ from others . in all cases , however , this data simply informs our process , which places the greatest emphasis on our qualitative judgment of future investment returns , given the conditions existing at each annual measurement date . taking into consideration all of these factors , the expected long-term return on plan assets for determining net periodic pension cost for 2012 was 7.75% ( 7.75 % ) , the same as it was for 2011 . after considering the views of both internal and external capital market advisors , particularly with regard to the effects of the recent economic environment on long-term prospective fixed income returns , we are reducing our expected long-term return on assets to 7.50% ( 7.50 % ) for determining pension cost for under current accounting rules , the difference between expected long-term returns and actual returns is accumulated and amortized to pension expense over future periods . each one percentage point difference in actual return compared with our expected return causes expense in subsequent years to increase or decrease by up to $ 8 million as the impact is amortized into results of operations . we currently estimate a pretax pension expense of $ 73 million in 2013 compared with pretax expense of $ 89 million in 2012 . this year-over-year expected decrease reflects the impact of favorable returns on plan assets experienced in 2012 as well as the effects of the lower discount rate required to be used in the table below reflects the estimated effects on pension expense of certain changes in annual assumptions , using 2013 estimated expense as a baseline . table 27 : pension expense - sensitivity analysis change in assumption ( a ) estimated increase to 2013 pension expense ( in millions ) .
|change in assumption ( a )|estimatedincrease to 2013pensionexpense ( in millions )|
|.5% ( .5 % ) decrease in discount rate|$ 21|
|.5% ( .5 % ) decrease in expected long-term return on assets|$ 19|
|.5% ( .5 % ) increase in compensation rate|$ 2|
( a ) the impact is the effect of changing the specified assumption while holding all other assumptions constant . our pension plan contribution requirements are not particularly sensitive to actuarial assumptions . investment performance has the most impact on contribution requirements and will drive the amount of required contributions in future years . also , current law , including the provisions of the pension protection act of 2006 , sets limits as to both minimum and maximum contributions to the plan . we do not expect to be required by law to make any contributions to the plan during 2013 . we maintain other defined benefit plans that have a less significant effect on financial results , including various nonqualified supplemental retirement plans for certain employees , which are described more fully in note 15 employee benefit plans in the notes to consolidated financial statements in item 8 of this report . the pnc financial services group , inc . 2013 form 10-k 77 .
Question: what is average estimated pretax pension expense for 2013 and 2012?
Answer: | 81.0 |
FINQA2054 | Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis of financial condition and results of operations ( continued ) the following table presents average u.s . and non-u.s . short-duration advances for the years ended december 31 : years ended december 31 .
|( in millions )|2013|2012|2011|
|average u.s . short-duration advances|$ 2356|$ 1972|$ 1994|
|average non-u.s . short-duration advances|1393|1393|1585|
|average total short-duration advances|$ 3749|$ 3365|$ 3579|
although average short-duration advances for the year ended december 31 , 2013 increased compared to the year ended december 31 , 2012 , such average advances remained low relative to historical levels , mainly the result of clients continuing to hold higher levels of liquidity . average other interest-earning assets increased to $ 11.16 billion for the year ended december 31 , 2013 from $ 7.38 billion for the year ended december 31 , 2012 . the increased levels were primarily the result of higher levels of cash collateral provided in connection with our participation in principal securities finance transactions . aggregate average interest-bearing deposits increased to $ 109.25 billion for the year ended december 31 , 2013 from $ 98.39 billion for the year ended december 31 , 2012 . this increase was mainly due to higher levels of non-u.s . transaction accounts associated with the growth of new and existing business in assets under custody and administration . future transaction account levels will be influenced by the underlying asset servicing business , as well as market conditions , including the general levels of u.s . and non-u.s . interest rates . average other short-term borrowings declined to $ 3.79 billion for the year ended december 31 , 2013 from $ 4.68 billion for the year ended december 31 , 2012 , as higher levels of client deposits provided additional liquidity . average long-term debt increased to $ 8.42 billion for the year ended december 31 , 2013 from $ 7.01 billion for the year ended december 31 , 2012 . the increase primarily reflected the issuance of $ 1.0 billion of extendible notes by state street bank in december 2012 , the issuance of $ 1.5 billion of senior and subordinated debt in may 2013 , and the issuance of $ 1.0 billion of senior debt in november 2013 . this increase was partly offset by maturities of $ 1.75 billion of senior debt in the second quarter of 2012 . average other interest-bearing liabilities increased to $ 6.46 billion for the year ended december 31 , 2013 from $ 5.90 billion for the year ended december 31 , 2012 , primarily the result of higher levels of cash collateral received from clients in connection with our participation in principal securities finance transactions . several factors could affect future levels of our net interest revenue and margin , including the mix of client liabilities ; actions of various central banks ; changes in u.s . and non-u.s . interest rates ; changes in the various yield curves around the world ; revised or proposed regulatory capital or liquidity standards , or interpretations of those standards ; the amount of discount accretion generated by the former conduit securities that remain in our investment securities portfolio ; and the yields earned on securities purchased compared to the yields earned on securities sold or matured . based on market conditions and other factors , we continue to reinvest the majority of the proceeds from pay- downs and maturities of investment securities in highly-rated securities , such as u.s . treasury and agency securities , federal agency mortgage-backed securities and u.s . and non-u.s . mortgage- and asset-backed securities . the pace at which we continue to reinvest and the types of investment securities purchased will depend on the impact of market conditions and other factors over time . we expect these factors and the levels of global interest rates to dictate what effect our reinvestment program will have on future levels of our net interest revenue and net interest margin. .
Question: what is the growth rate of the average total short-duration advances from 2011 to 2012?
Answer: | -0.05979 |
FINQA2055 | Please answer the given financial question based on the context.
Context: liquidity and capital resources we currently expect to fund all of our cash requirements which are reasonably foreseeable for 2018 , including scheduled debt repayments , new investments in the business , share repurchases , dividend payments , possible business acquisitions and pension contributions , with cash from operating activities , and as needed , additional short-term and/or long-term borrowings . we continue to expect our operating cash flow to remain strong . as of december 31 , 2017 , we had $ 211 million of cash and cash equivalents on hand , of which $ 151 million was held outside of the as of december 31 , 2016 , we had $ 327 million of cash and cash equivalents on hand , of which $ 184 million was held outside of the u.s . as of december 31 , 2015 , we had $ 26 million of deferred tax liabilities for pre-acquisition foreign earnings associated with the legacy nalco entities and legacy champion entities that we intended to repatriate . these liabilities were recorded as part of the respective purchase price accounting of each transaction . the remaining foreign earnings were repatriated in 2016 , reducing the deferred tax liabilities to zero at december 31 , 2016 . as of december 31 , 2017 we had a $ 2.0 billion multi-year credit facility , which expires in november 2022 . the credit facility has been established with a diverse syndicate of banks . there were no borrowings under our credit facility as of december 31 , 2017 or 2016 . the credit facility supports our $ 2.0 billion u.s . commercial paper program and $ 2.0 billion european commercial paper program . combined borrowing under these two commercial paper programs may not exceed $ 2.0 billion . at year-end , we had no amount outstanding under the european commercial paper program and no amount outstanding under the u.s . commercial paper program . additionally , we have uncommitted credit lines of $ 660 million with major international banks and financial institutions to support our general global funding needs . most of these lines are used to support global cash pooling structures . approximately $ 643 million of these credit lines were available for use as of year-end 2017 . bank supported letters of credit , surety bonds and guarantees total $ 198 million and represent commercial business transactions . we do not have any other significant unconditional purchase obligations or commercial commitments . as of december 31 , 2017 , our short-term borrowing program was rated a-2 by standard & poor 2019s and p-2 by moody 2019s . as of december 31 , 2017 , standard & poor 2019s and moody 2019s rated our long-term credit at a- ( stable outlook ) and baa1 ( stable outlook ) , respectively . a reduction in our credit ratings could limit or preclude our ability to issue commercial paper under our current programs , or could also adversely affect our ability to renew existing , or negotiate new , credit facilities in the future and could increase the cost of these facilities . should this occur , we could seek additional sources of funding , including issuing additional term notes or bonds . in addition , we have the ability , at our option , to draw upon our $ 2.0 billion of committed credit facility . we are in compliance with our debt covenants and other requirements of our credit agreements and indentures . a schedule of our various obligations as of december 31 , 2017 are summarized in the following table: .
|( millions )|total|payments due by period less than 1 year|payments due by period 2-3 years|payments due by period 4-5 years|payments due by period more than 5 years|
|notes payable|$ 15|$ 15|$ -|$ -|$ -|
|one-time transition tax|160|13|26|26|95|
|long-term debt|7303|549|696|1513|4545|
|capital lease obligations|5|1|1|1|2|
|operating leases|617|131|211|160|115|
|interest*|2753|242|436|375|1700|
|total|$ 10853|$ 951|$ 1370|$ 2075|$ 6457|
* interest on variable rate debt was calculated using the interest rate at year-end 2017 . during the fourth quarter of 2017 , we recorded a one-time transition tax related to enactment of the tax act . the expense is primarily related to the one-time transition tax , which is payable over eight years . as discussed further in note 12 , this balance is a provisional amount and is subject to adjustment during the measurement period of up to one year following the enactment of the tax act , as provided by recent sec guidance . as of december 31 , 2017 , our gross liability for uncertain tax positions was $ 68 million . we are not able to reasonably estimate the amount by which the liability will increase or decrease over an extended period of time or whether a cash settlement of the liability will be required . therefore , these amounts have been excluded from the schedule of contractual obligations. .
Question: what is the growth rate in the balance of cash and cash equivalents on hand from 2016 to 2017?
Answer: | -0.35474 |
FINQA2056 | Please answer the given financial question based on the context.
Context: as of december 31 , 2012 and 2011 , the estimated value of the company's uncertain tax positions were liabilities of $ 19 million and $ 6 million , respectively . assuming sustainment of these positions , the reversal of $ 1 million of the amounts accrued would favorably affect the company's effective federal income tax rate in future periods . accrued interest and penalties with respect to unrecognized tax benefits were $ 2 million and $ 3 million as of december 31 , 2012 and 2011 , respectively . during 2011 , the company recorded a reduction of $ 10 million to its liability for uncertain tax positions relating to tax periods prior to the spin-off for which northrop grumman is the primary obligor . during 2010 , northrop grumman reached final settlement with the irs and the u . s . congressional joint committee on taxation on the irs examination of northrop grumman's tax returns for the years 2004 through 2006 . as a result of this settlement , the company recognized tax benefits of $ 8 million as a reduction to the provision for income taxes . in connection with the settlement , the company also recorded a reduction of $ 10 million to its liability for uncertain tax positions , including previously accrued interest , of $ 2 million . the following table summarizes the tax years that are either currently under examination or remain open under the statute of limitations and subject to examination by the major tax jurisdictions in which the company operates: .
|jurisdiction united states|jurisdiction 2007|jurisdiction -|2012|
|california|2007|-|2012|
|louisiana|2007|-|2012|
|mississippi|2009|-|2012|
|virginia|2006|-|2012|
although the company believes it has adequately provided for all uncertain tax positions , amounts asserted by taxing authorities could be greater than the company's accrued position . accordingly , additional provisions on federal and state income tax related matters could be recorded in the future as revised estimates are made or the underlying matters are effectively settled or otherwise resolved . conversely , the company could settle positions with the tax authorities for amounts lower than have been accrued . the company believes it is reasonably possible that during the next 12 months the company's liability for uncertain tax positions may decrease by approximately $ 14 million . the company recognizes accrued interest and penalties related to uncertain tax positions in income tax expense . the irs is currently conducting an examination of northrop grumman's consolidated tax returns , of which hii was part , for the years 2007 through 2009 . open tax years related to state jurisdictions remain subject to examination . as of march 31 , 2011 , the date of the spin-off , the company's liability for uncertain tax positions was approximately $ 4 million , net of federal benefit , which related solely to state income tax positions . under the terms of the separation agreement , northrop grumman is obligated to reimburse hii for any settlement liabilities paid by hii to any government authority for tax periods prior to the spin-off , which include state income taxes . accordingly , the company has recorded a reimbursement receivable of approximately $ 4 million , net of federal benefit , in other assets related to uncertain tax positions for state income taxes as of the date of the spin-off . deferred income taxes - deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and income tax purposes . such amounts are classified in the consolidated statements of financial position as current or non-current assets or liabilities based upon the classification of the related assets and liabilities. .
Question: how many years of tax examination is the company subject to in virginia?
Answer: | 6.0 |
FINQA2057 | Please answer the given financial question based on the context.
Context: on november 18 , 2014 , the company entered into a collateralized reinsurance agreement with kilimanjaro to provide the company with catastrophe reinsurance coverage . this agreement is a multi-year reinsurance contract which covers specified earthquake events . the agreement provides up to $ 500000 thousand of reinsurance coverage from earthquakes in the united states , puerto rico and canada . on december 1 , 2015 the company entered into two collateralized reinsurance agreements with kilimanjaro re to provide the company with catastrophe reinsurance coverage . these agreements are multi-year reinsurance contracts which cover named storm and earthquake events . the first agreement provides up to $ 300000 thousand of reinsurance coverage from named storms and earthquakes in the united states , puerto rico and canada . the second agreement provides up to $ 325000 thousand of reinsurance coverage from named storms and earthquakes in the united states , puerto rico and canada . on april 13 , 2017 the company entered into six collateralized reinsurance agreements with kilimanjaro to provide the company with annual aggregate catastrophe reinsurance coverage . the initial three agreements are four year reinsurance contracts which cover named storm and earthquake events . these agreements provide up to $ 225000 thousand , $ 400000 thousand and $ 325000 thousand , respectively , of annual aggregate reinsurance coverage from named storms and earthquakes in the united states , puerto rico and canada . the subsequent three agreements are five year reinsurance contracts which cover named storm and earthquake events . these agreements provide up to $ 50000 thousand , $ 75000 thousand and $ 175000 thousand , respectively , of annual aggregate reinsurance coverage from named storms and earthquakes in the united states , puerto rico and canada . recoveries under these collateralized reinsurance agreements with kilimanjaro are primarily dependent on estimated industry level insured losses from covered events , as well as , the geographic location of the events . the estimated industry level of insured losses is obtained from published estimates by an independent recognized authority on insured property losses . as of december 31 , 2017 , none of the published insured loss estimates for the 2017 catastrophe events have exceeded the single event retentions under the terms of the agreements that would result in a recovery . in addition , the aggregation of the to-date published insured loss estimates for the 2017 covered events have not exceeded the aggregated retentions for recovery . however , if the published estimates for insured losses for the covered 2017 events increase , the aggregate losses may exceed the aggregate event retentions under the agreements , resulting in a recovery . kilimanjaro has financed the various property catastrophe reinsurance coverages by issuing catastrophe bonds to unrelated , external investors . on april 24 , 2014 , kilimanjaro issued $ 450000 thousand of notes ( 201cseries 2014-1 notes 201d ) . on november 18 , 2014 , kilimanjaro issued $ 500000 thousand of notes ( 201cseries 2014-2 notes 201d ) . on december 1 , 2015 , kilimanjaro issued $ 625000 thousand of notes ( 201cseries 2015-1 notes ) . on april 13 , 2017 , kilimanjaro issued $ 950000 thousand of notes ( 201cseries 2017-1 notes ) and $ 300000 thousand of notes ( 201cseries 2017-2 notes ) . the proceeds from the issuance of the notes listed above are held in reinsurance trust throughout the duration of the applicable reinsurance agreements and invested solely in us government money market funds with a rating of at least 201caaam 201d by standard & poor 2019s . 9 . operating lease agreements the future minimum rental commitments , exclusive of cost escalation clauses , at december 31 , 2017 , for all of the company 2019s operating leases with remaining non-cancelable terms in excess of one year are as follows : ( dollars in thousands ) .
|2018|$ 16990|
|2019|17964|
|2020|17115|
|2021|8035|
|2022|7669|
|thereafter|24668|
|net commitments|$ 92440|
|( some amounts may not reconcile due to rounding. )||
.
Question: what portion of the minimum future commitments is due in the next 12 months?
Answer: | 0.18379 |
FINQA2058 | Please answer the given financial question based on the context.
Context: table of contents celanese purchases of its equity securities information regarding repurchases of our common stock during the three months ended december 31 , 2017 is as follows : period number of shares purchased ( 1 ) average price paid per share total number of shares purchased as part of publicly announced program approximate dollar value of shares remaining that may be purchased under the program ( 2 ) .
|period|totalnumberof sharespurchased ( 1 )|averageprice paidper share|total numberof sharespurchased aspart of publiclyannounced program|approximatedollarvalue of sharesremaining thatmay bepurchased underthe program ( 2 )|
|october 1 - 31 2017|10676|$ 104.10|2014|$ 1531000000|
|november 1 - 30 2017|924|$ 104.02|2014|$ 1531000000|
|december 1 - 31 2017|38605|$ 106.36|2014|$ 1531000000|
|total|50205||2014||
___________________________ ( 1 ) represents shares withheld from employees to cover their statutory minimum withholding requirements for personal income taxes related to the vesting of restricted stock units . ( 2 ) our board of directors has authorized the aggregate repurchase of $ 3.9 billion of our common stock since february 2008 , including an increase of $ 1.5 billion on july 17 , 2017 . see note 17 - stockholders' equity in the accompanying consolidated financial statements for further information. .
Question: what is the total value of purchased shares during november 2017?
Answer: | 96114.48 |
FINQA2059 | Please answer the given financial question based on the context.
Context: ( $ 125 million ) and higher maintenance outage costs ( $ 18 million ) . additionally , operating profits in 2012 include costs of $ 184 million associated with the acquisition and integration of temple-inland , mill divestiture costs of $ 91 million , costs associated with the restructuring of our european packaging busi- ness of $ 17 million and a $ 3 million gain for other items , while operating costs in 2011 included costs associated with signing an agreement to acquire temple-inland of $ 20 million and a gain of $ 7 million for other items . industrial packaging .
|in millions|2012|2011|2010|
|sales|$ 13280|$ 10430|$ 9840|
|operating profit|1066|1147|826|
north american industr ia l packaging net sales were $ 11.6 billion in 2012 compared with $ 8.6 billion in 2011 and $ 8.4 billion in 2010 . operating profits in 2012 were $ 1.0 billion ( $ 1.3 billion exclud- ing costs associated with the acquisition and integration of temple-inland and mill divestiture costs ) compared with $ 1.1 billion ( both including and excluding costs associated with signing an agree- ment to acquire temple-inland ) in 2011 and $ 763 million ( $ 776 million excluding facility closure costs ) in 2010 . sales volumes for the legacy business were about flat in 2012 compared with 2011 . average sales price was lower mainly due to export containerboard sales prices which bottomed out in the first quarter but climbed steadily the rest of the year . input costs were lower for recycled fiber , wood and natural gas , but higher for starch . freight costs also increased . plan- ned maintenance downtime costs were higher than in 2011 . operating costs were higher largely due to routine inventory valuation adjustments operating profits in 2012 benefited from $ 235 million of temple-inland synergies . market-related downtime in 2012 was about 570000 tons compared with about 380000 tons in 2011 . operating profits in 2012 included $ 184 million of costs associated with the acquisition and integration of temple-inland and $ 91 million of costs associated with the divestiture of three containerboard mills . operating profits in 2011 included charges of $ 20 million for costs associated with the signing of the agreement to acquire temple- inland . looking ahead to 2013 , sales volumes in the first quarter compared with the fourth quarter of 2012 are expected to increase slightly for boxes due to a higher number of shipping days . average sales price realizations are expected to reflect the pass-through to box customers of a containerboard price increase implemented in 2012 . input costs are expected to be higher for recycled fiber , wood and starch . planned maintenance downtime costs are expected to be about $ 26 million higher with outages scheduled at eight mills compared with six mills in the 2012 fourth quarter . manufacturing operating costs are expected to be lower . european industr ia l packaging net sales were $ 1.0 billion in 2012 compared with $ 1.1 billion in 2011 and $ 990 million in 2010 . operating profits in 2012 were $ 53 million ( $ 72 million excluding restructuring costs ) compared with $ 66 million ( $ 61 million excluding a gain for a bargain purchase price adjustment on an acquisition by our joint venture in turkey and costs associated with the closure of our etienne mill in france in 2009 ) in 2011 and $ 70 mil- lion ( $ 73 million before closure costs for our etienne mill ) in 2010 . sales volumes in 2012 were lower than in 2011 reflecting decreased demand for packaging in the industrial market due to a weaker overall economic environment in southern europe . demand for pack- aging in the agricultural markets was about flat year- over-year . average sales margins increased due to sales price increases implemented during 2011 and 2012 and lower board costs . other input costs were higher , primarily for energy and distribution . operat- ing profits in 2012 included a net gain of $ 10 million for an insurance settlement , partially offset by addi- tional operating costs , related to the earthquakes in northern italy in may which affected our san felice box plant . entering the first quarter of 2013 , sales volumes are expected to be stable reflecting a seasonal decrease in market demand in agricultural markets offset by an increase in industrial markets . average sales margins are expected to improve due to lower input costs for containerboard . other input costs should be about flat . operating costs are expected to be higher reflecting the absence of the earthquake insurance settlement that was received in the 2012 fourth quar- asian industr ia l packaging net sales and operating profits include the results of sca pack- aging since the acquisition on june 30 , 2010 , includ- ing the impact of incremental integration costs . net sales for the packaging operations were $ 400 million in 2012 compared with $ 410 million in 2011 and $ 255 million in 2010 . operating profits for the packaging operations were $ 2 million in 2012 compared with $ 2 million in 2011 and a loss of $ 7 million ( a loss of $ 4 million excluding facility closure costs ) in 2010 . operating profits were favorably impacted by higher average sales margins in 2012 compared with 2011 , but this benefit was offset by lower sales volumes and higher raw material costs and operating costs . looking ahead to the first quarter of 2013 , sales volumes and average sales margins are expected to decrease due to seasonality . net sales for the distribution operations were $ 260 million in 2012 compared with $ 285 million in 2011 and $ 240 million in 2010 . operating profits were $ 3 million in 2012 compared with $ 3 million in 2011 and about breakeven in 2010. .
Question: north american industrial packaging net sales where what percent of industrial packaging sales in 2012?
Answer: | 0.87349 |
FINQA2060 | Please answer the given financial question based on the context.
Context: table of contents adobe inc . notes to consolidated financial statements ( continued ) goodwill , purchased intangibles and other long-lived assets goodwill is assigned to one or more reporting segments on the date of acquisition . we review our goodwill for impairment annually during our second quarter of each fiscal year and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of any one of our reporting units below its respective carrying amount . in performing our goodwill impairment test , we first perform a qualitative assessment , which requires that we consider events or circumstances including macroeconomic conditions , industry and market considerations , cost factors , overall financial performance , changes in management or key personnel , changes in strategy , changes in customers , changes in the composition or carrying amount of a reporting segment 2019s net assets and changes in our stock price . if , after assessing the totality of events or circumstances , we determine that it is more likely than not that the fair values of our reporting segments are greater than the carrying amounts , then the quantitative goodwill impairment test is not performed . if the qualitative assessment indicates that the quantitative analysis should be performed , we then evaluate goodwill for impairment by comparing the fair value of each of our reporting segments to its carrying value , including the associated goodwill . to determine the fair values , we use the equal weighting of the market approach based on comparable publicly traded companies in similar lines of businesses and the income approach based on estimated discounted future cash flows . our cash flow assumptions consider historical and forecasted revenue , operating costs and other relevant factors . we completed our annual goodwill impairment test in the second quarter of fiscal 2018 . we determined , after performing a qualitative review of each reporting segment , that it is more likely than not that the fair value of each of our reporting segments substantially exceeds the respective carrying amounts . accordingly , there was no indication of impairment and the quantitative goodwill impairment test was not performed . we did not identify any events or changes in circumstances since the performance of our annual goodwill impairment test that would require us to perform another goodwill impairment test during the fiscal year . we amortize intangible assets with finite lives over their estimated useful lives and review them for impairment whenever an impairment indicator exists . we continually monitor events and changes in circumstances that could indicate carrying amounts of our long-lived assets , including our intangible assets may not be recoverable . when such events or changes in circumstances occur , we assess recoverability by determining whether the carrying value of such assets will be recovered through the undiscounted expected future cash flows . if the future undiscounted cash flows are less than the carrying amount of these assets , we recognize an impairment loss based on any excess of the carrying amount over the fair value of the assets . we did not recognize any intangible asset impairment charges in fiscal 2018 , 2017 or 2016 . during fiscal 2018 , our intangible assets were amortized over their estimated useful lives ranging from 1 to 14 years . amortization is based on the pattern in which the economic benefits of the intangible asset will be consumed or on a straight-line basis when the consumption pattern is not apparent . the weighted average useful lives of our intangible assets were as follows : weighted average useful life ( years ) .
||weighted averageuseful life ( years )|
|purchased technology|6|
|customer contracts and relationships|9|
|trademarks|9|
|acquired rights to use technology|10|
|backlog|2|
|other intangibles|4|
income taxes we use the asset and liability method of accounting for income taxes . under this method , income tax expense is recognized for the amount of taxes payable or refundable for the current year . in addition , deferred tax assets and liabilities are recognized for expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities , and for operating losses and tax credit carryforwards . we record a valuation allowance to reduce deferred tax assets to an amount for which realization is more likely than not. .
Question: what is the average yearly amortization expense related to trademarks?
Answer: | 11.11111 |
FINQA2061 | Please answer the given financial question based on the context.
Context: 2022 triggering our obligation to make payments under any financial guarantee , letter of credit or other credit support we have provided to or on behalf of such subsidiary ; 2022 causing us to record a loss in the event the lender forecloses on the assets ; and 2022 triggering defaults in our outstanding debt at the parent company . for example , our senior secured credit facility and outstanding debt securities at the parent company include events of default for certain bankruptcy related events involving material subsidiaries . in addition , our revolving credit agreement at the parent company includes events of default related to payment defaults and accelerations of outstanding debt of material subsidiaries . some of our subsidiaries are currently in default with respect to all or a portion of their outstanding indebtedness . the total non-recourse debt classified as current in the accompanying consolidated balance sheets amounts to $ 2.2 billion . the portion of current debt related to such defaults was $ 1 billion at december 31 , 2017 , all of which was non-recourse debt related to three subsidiaries 2014 alto maipo , aes puerto rico , and aes ilumina . see note 10 2014debt in item 8 . 2014financial statements and supplementary data of this form 10-k for additional detail . none of the subsidiaries that are currently in default are subsidiaries that met the applicable definition of materiality under aes' corporate debt agreements as of december 31 , 2017 in order for such defaults to trigger an event of default or permit acceleration under aes' indebtedness . however , as a result of additional dispositions of assets , other significant reductions in asset carrying values or other matters in the future that may impact our financial position and results of operations or the financial position of the individual subsidiary , it is possible that one or more of these subsidiaries could fall within the definition of a "material subsidiary" and thereby upon an acceleration trigger an event of default and possible acceleration of the indebtedness under the parent company's outstanding debt securities . a material subsidiary is defined in the company's senior secured revolving credit facility as any business that contributed 20% ( 20 % ) or more of the parent company's total cash distributions from businesses for the four most recently completed fiscal quarters . as of december 31 , 2017 , none of the defaults listed above individually or in the aggregate results in or is at risk of triggering a cross-default under the recourse debt of the company . contractual obligations and parent company contingent contractual obligations a summary of our contractual obligations , commitments and other liabilities as of december 31 , 2017 is presented below and excludes any businesses classified as discontinued operations or held-for-sale ( in millions ) : contractual obligations total less than 1 year more than 5 years other footnote reference ( 4 ) debt obligations ( 1 ) $ 20404 $ 2250 $ 2431 $ 5003 $ 10720 $ 2014 10 interest payments on long-term debt ( 2 ) 9103 1172 2166 1719 4046 2014 n/a .
|contractual obligations|total|less than 1 year|1-3 years|3-5 years|more than 5 years|other|footnote reference ( 4 )|
|debt obligations ( 1 )|$ 20404|$ 2250|$ 2431|$ 5003|$ 10720|$ 2014|10|
|interest payments on long-term debt ( 2 )|9103|1172|2166|1719|4046|2014|n/a|
|capital lease obligations|18|2|2|2|12|2014|11|
|operating lease obligations|935|58|116|117|644|2014|11|
|electricity obligations|4501|581|948|907|2065|2014|11|
|fuel obligations|5859|1759|1642|992|1466|2014|11|
|other purchase obligations|4984|1488|1401|781|1314|2014|11|
|other long-term liabilities reflected on aes' consolidated balance sheet under gaap ( 3 )|701|2014|284|118|277|22|n/a|
|total|$ 46505|$ 7310|$ 8990|$ 9639|$ 20544|$ 22||
_____________________________ ( 1 ) includes recourse and non-recourse debt presented on the consolidated balance sheet . these amounts exclude capital lease obligations which are included in the capital lease category . ( 2 ) interest payments are estimated based on final maturity dates of debt securities outstanding at december 31 , 2017 and do not reflect anticipated future refinancing , early redemptions or new debt issuances . variable rate interest obligations are estimated based on rates as of december 31 , 2017 . ( 3 ) these amounts do not include current liabilities on the consolidated balance sheet except for the current portion of uncertain tax obligations . noncurrent uncertain tax obligations are reflected in the "other" column of the table above as the company is not able to reasonably estimate the timing of the future payments . in addition , these amounts do not include : ( 1 ) regulatory liabilities ( see note 9 2014regulatory assets and liabilities ) , ( 2 ) contingencies ( see note 12 2014contingencies ) , ( 3 ) pension and other postretirement employee benefit liabilities ( see note 13 2014benefit plans ) , ( 4 ) derivatives and incentive compensation ( see note 5 2014derivative instruments and hedging activities ) or ( 5 ) any taxes ( see note 20 2014income taxes ) except for uncertain tax obligations , as the company is not able to reasonably estimate the timing of future payments . see the indicated notes to the consolidated financial statements included in item 8 of this form 10-k for additional information on the items excluded . ( 4 ) for further information see the note referenced below in item 8 . 2014financial statements and supplementary data of this form 10-k. .
Question: what percentage of total contractual obligations , commitments and other liabilities as of december 31 , 2017 is composed of debt obligations?
Answer: | 0.43875 |
FINQA2062 | Please answer the given financial question based on the context.
Context: operating expenses millions 2012 2011 2010 % ( % ) change 2012 v 2011 % ( % ) change 2011 v 2010 .
|millions|2012|2011|2010|% ( % ) change 2012 v 2011|% ( % ) change 2011 v 2010|
|compensation and benefits|$ 4685|$ 4681|$ 4314|-% ( - % )|9% ( 9 % )|
|fuel|3608|3581|2486|1|44|
|purchased services and materials|2143|2005|1836|7|9|
|depreciation|1760|1617|1487|9|9|
|equipment and other rents|1197|1167|1142|3|2|
|other|788|782|719|1|9|
|total|$ 14181|$ 13833|$ 11984|3% ( 3 % )|15% ( 15 % )|
operating expenses increased $ 348 million in 2012 versus 2011 . depreciation , wage and benefit inflation , higher fuel prices and volume- related trucking services purchased by our logistics subsidiaries , contributed to higher expenses during the year . efficiency gains , volume related fuel savings ( 2% ( 2 % ) fewer gallons of fuel consumed ) and $ 38 million of weather related expenses in 2011 , which favorably affects the comparison , partially offset the cost increase . operating expenses increased $ 1.8 billion in 2011 versus 2010 . our fuel price per gallon rose 36% ( 36 % ) during 2011 , accounting for $ 922 million of the increase . wage and benefit inflation , volume-related costs , depreciation , and property taxes also contributed to higher expenses . expenses increased $ 20 million for costs related to the flooding in the midwest and $ 18 million due to the impact of severe heat and drought in the south , primarily texas . cost savings from productivity improvements and better resource utilization partially offset these increases . a $ 45 million one-time payment relating to a transaction with csx intermodal , inc ( csxi ) increased operating expenses during the first quarter of 2010 , which favorably affects the comparison of operating expenses in 2011 to those in 2010 . compensation and benefits 2013 compensation and benefits include wages , payroll taxes , health and welfare costs , pension costs , other postretirement benefits , and incentive costs . expenses in 2012 were essentially flat versus 2011 as operational improvements and cost reductions offset general wage and benefit inflation and higher pension and other postretirement benefits . in addition , weather related costs increased these expenses in 2011 . a combination of general wage and benefit inflation , volume-related expenses , higher training costs associated with new hires , additional crew costs due to speed restrictions caused by the midwest flooding and heat and drought in the south , and higher pension expense drove the increase during 2011 compared to 2010 . fuel 2013 fuel includes locomotive fuel and gasoline for highway and non-highway vehicles and heavy equipment . higher locomotive diesel fuel prices , which averaged $ 3.22 per gallon ( including taxes and transportation costs ) in 2012 , compared to $ 3.12 in 2011 , increased expenses by $ 105 million . volume , as measured by gross ton-miles , decreased 2% ( 2 % ) in 2012 versus 2011 , driving expense down . the fuel consumption rate was flat year-over-year . higher locomotive diesel fuel prices , which averaged $ 3.12 ( including taxes and transportation costs ) in 2011 , compared to $ 2.29 per gallon in 2010 , increased expenses by $ 922 million . in addition , higher gasoline prices for highway and non-highway vehicles also increased year-over-year . volume , as measured by gross ton-miles , increased 5% ( 5 % ) in 2011 versus 2010 , driving expense up by $ 122 million . purchased services and materials 2013 expense for purchased services and materials includes the costs of services purchased from outside contractors and other service providers ( including equipment 2012 operating expenses .
Question: based on the calculated increase in locomotive diesel fuel price in 2012 , what is the estimated total fuel cost for 2012?
Answer: | 1050000000.0 |
FINQA2063 | Please answer the given financial question based on the context.
Context: contractual obligations the following table summarizes our significant contractual obligations as of december 28 , 2013: .
|( in millions )|payments due by period total|payments due by period less than1 year|payments due by period 1 20133 years|payments due by period 3 20135 years|payments due by period more than5 years|
|operating lease obligations|$ 870|$ 208|$ 298|$ 166|$ 198|
|capital purchase obligations1|5503|5375|125|2014|3|
|other purchase obligations and commitments2|1859|772|744|307|36|
|long-term debt obligations3|22372|429|2360|3761|15822|
|other long-term liabilities4 5|1496|569|663|144|120|
|total6|$ 32100|$ 7353|$ 4190|$ 4378|$ 16179|
capital purchase obligations1 5503 5375 125 2014 3 other purchase obligations and commitments2 1859 772 744 307 36 long-term debt obligations3 22372 429 2360 3761 15822 other long-term liabilities4 , 5 1496 569 663 144 120 total6 $ 32100 $ 7353 $ 4190 $ 4378 $ 16179 1 capital purchase obligations represent commitments for the construction or purchase of property , plant and equipment . they were not recorded as liabilities on our consolidated balance sheets as of december 28 , 2013 , as we had not yet received the related goods or taken title to the property . 2 other purchase obligations and commitments include payments due under various types of licenses and agreements to purchase goods or services , as well as payments due under non-contingent funding obligations . funding obligations include agreements to fund various projects with other companies . 3 amounts represent principal and interest cash payments over the life of the debt obligations , including anticipated interest payments that are not recorded on our consolidated balance sheets . any future settlement of convertible debt would impact our cash payments . 4 we are unable to reliably estimate the timing of future payments related to uncertain tax positions ; therefore , $ 188 million of long-term income taxes payable has been excluded from the preceding table . however , long- term income taxes payable , recorded on our consolidated balance sheets , included these uncertain tax positions , reduced by the associated federal deduction for state taxes and u.s . tax credits arising from non- u.s . income taxes . 5 amounts represent future cash payments to satisfy other long-term liabilities recorded on our consolidated balance sheets , including the short-term portion of these long-term liabilities . expected required contributions to our u.s . and non-u.s . pension plans and other postretirement benefit plans of $ 62 million to be made during 2014 are also included ; however , funding projections beyond 2014 are not practicable to estimate . 6 total excludes contractual obligations already recorded on our consolidated balance sheets as current liabilities except for the short-term portions of long-term debt obligations and other long-term liabilities . contractual obligations for purchases of goods or services , included in other purchase obligations and commitments in the preceding table , include agreements that are enforceable and legally binding on intel and that specify all significant terms , including fixed or minimum quantities to be purchased ; fixed , minimum , or variable price provisions ; and the approximate timing of the transaction . for obligations with cancellation provisions , the amounts included in the preceding table were limited to the non-cancelable portion of the agreement terms or the minimum cancellation fee . we have entered into certain agreements for the purchase of raw materials that specify minimum prices and quantities based on a percentage of the total available market or based on a percentage of our future purchasing requirements . due to the uncertainty of the future market and our future purchasing requirements , as well as the non-binding nature of these agreements , obligations under these agreements are not included in the preceding table . our purchase orders for other products are based on our current manufacturing needs and are fulfilled by our vendors within short time horizons . in addition , some of our purchase orders represent authorizations to purchase rather than binding agreements . table of contents management 2019s discussion and analysis of financial condition and results of operations ( continued ) .
Question: what percentage of total contractual obligations as of december 28 , 2013 is made up of long-term debt obligations?
Answer: | 0.69695 |
FINQA2064 | Please answer the given financial question based on the context.
Context: item 11 2014executive compensation we incorporate by reference in this item 11 the information relating to executive and director compensation contained under the headings 201cother information about the board and its committees , 201d 201ccompensation and other benefits 201d and 201creport of the compensation committee 201d from our proxy statement to be delivered in connection with our 2007 annual meeting of shareholders to be held on september 26 , 2007 . item 12 2014security ownership of certain beneficial owners andmanagement and related stockholdermatters we incorporate by reference in this item 12 the information relating to ownership of our common stock by certain persons contained under the headings 201ccommon stock ownership of management 201d and 201ccommon stock ownership by certain other persons 201d from our proxy statement to be delivered in connection with our 2007 annual meeting of shareholders to be held on september 26 , 2007 . we have four compensation plans under which our equity securities are authorized for issuance . the global payments inc . amended and restated 2000 long-term incentive plan , global payments inc . amended and restated 2005 incentive plan , the non-employee director stock option plan , and employee stock purchase plan have been approved by security holders . the information in the table below is as of may 31 , 2007 . for more information on these plans , see note 8 to notes to consolidated financial statements . plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted- average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders: . . . . . . . . . . . . . . . . . . . . . 5171000 $ 25 7779000 ( 1 ) equity compensation plans not approved by security holders: . . . . . . . . . . . . . . . . . . . . . 2014 2014 2014 total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5171000 $ 25 7779000 ( 1 ) ( 1 ) also includes shares of common stock available for issuance other than upon the exercise of an option , warrant or right under the amended and restated 2000 non-employee director stock option plan , the amended and restated 2005 incentive plan and the amended and restated 2000 employee stock purchase item 13 2014certain relationships and related transactions , and director independence we incorporate by reference in this item 13 the information regarding certain relationships and related transactions between us and some of our affiliates and the independence of our board of directors contained under the headings 201ccertain relationships and related transactions 201d and 201cother information about the board and its committees 2014director independence 201d from our proxy statement to be delivered in connection with our 2007 annual meeting of shareholders to be held on september 26 , 2007 . item 14 2014principal accounting fees and services we incorporate by reference in this item 14 the information regarding principal accounting fees and services contained under the heading 201cauditor information 201d from our proxy statement to be delivered in connection with our 2007 annual meeting of shareholders to be held on september 26 , 2007. .
|plan category|number of securities to be issued upon exercise of outstanding options warrants and rights ( a )|weighted- average exercise price of outstanding options warrants and rights ( b )|number of securities remaining available for futureissuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c )||
|equity compensation plans approved by security holders:|5171000|$ 25|7779000|-1 ( 1 )|
|equity compensation plans not approved by security holders:|2014|2014|2014||
|total|5171000|$ 25|7779000|-1 ( 1 )|
item 11 2014executive compensation we incorporate by reference in this item 11 the information relating to executive and director compensation contained under the headings 201cother information about the board and its committees , 201d 201ccompensation and other benefits 201d and 201creport of the compensation committee 201d from our proxy statement to be delivered in connection with our 2007 annual meeting of shareholders to be held on september 26 , 2007 . item 12 2014security ownership of certain beneficial owners andmanagement and related stockholdermatters we incorporate by reference in this item 12 the information relating to ownership of our common stock by certain persons contained under the headings 201ccommon stock ownership of management 201d and 201ccommon stock ownership by certain other persons 201d from our proxy statement to be delivered in connection with our 2007 annual meeting of shareholders to be held on september 26 , 2007 . we have four compensation plans under which our equity securities are authorized for issuance . the global payments inc . amended and restated 2000 long-term incentive plan , global payments inc . amended and restated 2005 incentive plan , the non-employee director stock option plan , and employee stock purchase plan have been approved by security holders . the information in the table below is as of may 31 , 2007 . for more information on these plans , see note 8 to notes to consolidated financial statements . plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted- average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders: . . . . . . . . . . . . . . . . . . . . . 5171000 $ 25 7779000 ( 1 ) equity compensation plans not approved by security holders: . . . . . . . . . . . . . . . . . . . . . 2014 2014 2014 total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5171000 $ 25 7779000 ( 1 ) ( 1 ) also includes shares of common stock available for issuance other than upon the exercise of an option , warrant or right under the amended and restated 2000 non-employee director stock option plan , the amended and restated 2005 incentive plan and the amended and restated 2000 employee stock purchase item 13 2014certain relationships and related transactions , and director independence we incorporate by reference in this item 13 the information regarding certain relationships and related transactions between us and some of our affiliates and the independence of our board of directors contained under the headings 201ccertain relationships and related transactions 201d and 201cother information about the board and its committees 2014director independence 201d from our proxy statement to be delivered in connection with our 2007 annual meeting of shareholders to be held on september 26 , 2007 . item 14 2014principal accounting fees and services we incorporate by reference in this item 14 the information regarding principal accounting fees and services contained under the heading 201cauditor information 201d from our proxy statement to be delivered in connection with our 2007 annual meeting of shareholders to be held on september 26 , 2007. .
Question: what is the total number of approved securities by the security holders?
Answer: | 12950000.0 |
FINQA2065 | Please answer the given financial question based on the context.
Context: table of contents interest expense , net of capitalized interest decreased $ 129 million , or 18.1% ( 18.1 % ) , in 2014 from the 2013 period primarily due to a $ 63 million decrease in special charges recognized period-over-period as further described below , as well as refinancing activities that resulted in $ 65 million less interest expense recognized in 2014 . in 2014 , american recognized $ 29 million of special charges relating to non-cash interest accretion on bankruptcy settlement obligations . in 2013 , american recognized $ 48 million of special charges relating to post-petition interest expense on unsecured obligations pursuant to the plan and penalty interest related to american 2019s 10.5% ( 10.5 % ) secured notes and 7.50% ( 7.50 % ) senior secured notes . in addition , in 2013 american recorded special charges of $ 44 million for debt extinguishment costs incurred as a result of the repayment of certain aircraft secured indebtedness , including cash interest charges and non-cash write offs of unamortized debt issuance costs . as a result of the 2013 refinancing activities and the early extinguishment of american 2019s 7.50% ( 7.50 % ) senior secured notes in 2014 , american recognized $ 65 million less interest expense in 2014 as compared to the 2013 period . other nonoperating expense , net of $ 153 million in 2014 consisted principally of net foreign currency losses of $ 92 million and early debt extinguishment charges of $ 48 million . other nonoperating expense , net of $ 84 million in 2013 consisted principally of net foreign currency losses of $ 55 million and early debt extinguishment charges of $ 29 million . other nonoperating expense , net increased $ 69 million , or 81.0% ( 81.0 % ) , during 2014 primarily due to special charges recognized as a result of early debt extinguishment and an increase in foreign currency losses driven by the strengthening of the u.s . dollar in foreign currency transactions , principally in latin american markets . american recorded a $ 43 million special charge for venezuelan foreign currency losses in 2014 . see part ii , item 7a . quantitative and qualitative disclosures about market risk for further discussion of our cash held in venezuelan bolivars . in addition , american 2019s nonoperating special items included $ 48 million in special charges in the 2014 primarily related to the early extinguishment of american 2019s 7.50% ( 7.50 % ) senior secured notes and other indebtedness . reorganization items , net reorganization items refer to revenues , expenses ( including professional fees ) , realized gains and losses and provisions for losses that are realized or incurred as a direct result of the chapter 11 cases . the following table summarizes the components included in reorganization items , net on american 2019s consolidated statement of operations for the year ended december 31 , 2013 ( in millions ) : .
||2013|
|labor-related deemed claim ( 1 )|$ 1733|
|aircraft and facility financing renegotiations and rejections ( 2 ) ( 3 )|320|
|fair value of conversion discount ( 4 )|218|
|professional fees|199|
|other|170|
|total reorganization items net|$ 2640|
( 1 ) in exchange for employees 2019 contributions to the successful reorganization , including agreeing to reductions in pay and benefits , american agreed in the plan to provide each employee group a deemed claim , which was used to provide a distribution of a portion of the equity of the reorganized entity to those employees . each employee group received a deemed claim amount based upon a portion of the value of cost savings provided by that group through reductions to pay and benefits as well as through certain work rule changes . the total value of this deemed claim was approximately $ 1.7 billion . ( 2 ) amounts include allowed claims ( claims approved by the bankruptcy court ) and estimated allowed claims relating to ( i ) the rejection or modification of financings related to aircraft and ( ii ) entry of orders treated as unsecured claims with respect to facility agreements supporting certain issuances of special facility revenue bonds . the debtors recorded an estimated claim associated with the rejection or modification of a financing or facility agreement when the applicable motion was filed with the bankruptcy court to reject or modify .
Question: what percentage of total reorganization items net consisted of aircraft and facility financing renegotiations and rejections?
Answer: | 0.12121 |
FINQA2066 | Please answer the given financial question based on the context.
Context: shareholder value award program svas are granted to officers and management and are payable in shares of our common stock . the number of shares actually issued , if any , varies depending on our stock price at the end of the three-year vesting period compared to pre-established target stock prices . we measure the fair value of the sva unit on the grant date using a monte carlo simulation model . the model utilizes multiple input variables that determine the probability of satisfying the market condition stipulated in the award grant and calculates the fair value of the award . expected volatilities utilized in the model are based on implied volatilities from traded options on our stock , historical volatility of our stock price , and other factors . similarly , the dividend yield is based on historical experience and our estimate of future dividend yields . the risk-free interest rate is derived from the u.s . treasury yield curve in effect at the time of grant . the weighted-average fair values of the sva units granted during the years ended december 31 , 2018 , 2017 , and 2016 were $ 48.51 , $ 66.25 , and $ 48.68 , respectively , determined using the following assumptions: .
|( percents )|2018|2017|2016|
|expected dividend yield|2.50% ( 2.50 % )|2.50% ( 2.50 % )|2.00% ( 2.00 % )|
|risk-free interest rate|2.31|1.38|0.92|
|volatility|22.26|22.91|21.68|
pursuant to this program , approximately 0.7 million shares , 1.1 million shares , and 1.0 million shares were issued during the years ended december 31 , 2018 , 2017 , and 2016 , respectively . approximately 1.0 million shares are expected to be issued in 2019 . as of december 31 , 2018 , the total remaining unrecognized compensation cost related to nonvested svas was $ 55.7 million , which will be amortized over the weighted-average remaining requisite service period of 20 months . restricted stock units rsus are granted to certain employees and are payable in shares of our common stock . rsu shares are accounted for at fair value based upon the closing stock price on the date of grant . the corresponding expense is amortized over the vesting period , typically three years . the fair values of rsu awards granted during the years ended december 31 , 2018 , 2017 , and 2016 were $ 70.95 , $ 72.47 , and $ 71.46 , respectively . the number of shares ultimately issued for the rsu program remains constant with the exception of forfeitures . pursuant to this program , 1.3 million , 1.4 million , and 1.3 million shares were granted and approximately 1.0 million , 0.9 million , and 0.6 million shares were issued during the years ended december 31 , 2018 , 2017 , and 2016 , respectively . approximately 0.8 million shares are expected to be issued in 2019 . as of december 31 , 2018 , the total remaining unrecognized compensation cost related to nonvested rsus was $ 112.2 million , which will be amortized over the weighted- average remaining requisite service period of 21 months . note 12 : shareholders' equity during 2018 , 2017 , and 2016 , we repurchased $ 4.15 billion , $ 359.8 million and $ 540.1 million , respectively , of shares associated with our share repurchase programs . a payment of $ 60.0 million was made in 2016 for shares repurchased in 2017 . during 2018 , we repurchased $ 2.05 billion of shares , which completed the $ 5.00 billion share repurchase program announced in october 2013 and our board authorized an $ 8.00 billion share repurchase program . there were $ 2.10 billion repurchased under the $ 8.00 billion program in 2018 . as of december 31 , 2018 , there were $ 5.90 billion of shares remaining under the 2018 program . we have 5.0 million authorized shares of preferred stock . as of december 31 , 2018 and 2017 , no preferred stock was issued . we have an employee benefit trust that held 50.0 million shares of our common stock at both december 31 , 2018 and 2017 , to provide a source of funds to assist us in meeting our obligations under various employee benefit plans . the cost basis of the shares held in the trust was $ 3.01 billion at both december 31 , 2018 and 2017 , and is shown as a reduction of shareholders 2019 equity . any dividend transactions between us and the trust are eliminated . stock held by the trust is not considered outstanding in the computation of eps . the assets of the trust were not used to fund any of our obligations under these employee benefit plans during the years ended december 31 , 2018 , 2017 , and .
Question: what was the percentage change in dollars spent on share repurchase between 2016 and 2017?
Answer: | -0.33383 |
FINQA2067 | Please answer the given financial question based on the context.
Context: in september 2007 , we reached a settlement with the united states department of justice in an ongoing investigation into financial relationships between major orthopaedic manufacturers and consulting orthopaedic surgeons . under the terms of the settlement , we paid a civil settlement amount of $ 169.5 million and we recorded an expense in that amount . no tax benefit has been recorded related to the settlement expense due to the uncertainty as to the tax treatment . we intend to pursue resolution of this uncertainty with taxing authorities , but are unable to ascertain the outcome or timing for such resolution at this time . for more information regarding the settlement , see note 15 . in june 2006 , the financial accounting standards board ( fasb ) issued interpretation no . 48 , accounting for uncertainty in income taxes 2013 an interpretation of fasb statement no . 109 , accounting for income taxes ( fin 48 ) . fin 48 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements . under fin 48 , we may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities , based on the technical merits of the position . the tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement . fin 48 also provides guidance on derecognition , classification , interest and penalties on income taxes , accounting in interim periods and requires increased disclosures . we adopted fin 48 on january 1 , 2007 . prior to the adoption of fin 48 we had a long term tax liability for expected settlement of various federal , state and foreign income tax liabilities that was reflected net of the corollary tax impact of these expected settlements of $ 102.1 million , as well as a separate accrued interest liability of $ 1.7 million . as a result of the adoption of fin 48 , we are required to present the different components of such liability on a gross basis versus the historical net presentation . the adoption resulted in the financial statement liability for unrecognized tax benefits decreasing by $ 6.4 million as of january 1 , 2007 . the adoption resulted in this decrease in the liability as well as a reduction to retained earnings of $ 4.8 million , a reduction in goodwill of $ 61.4 million , the establishment of a tax receivable of $ 58.2 million , which was recorded in other current and non-current assets on our consolidated balance sheet , and an increase in an interest/penalty payable of $ 7.9 million , all as of january 1 , 2007 . therefore , after the adoption of fin 48 , the amount of unrecognized tax benefits is $ 95.7 million as of january 1 , 2007 , of which $ 28.6 million would impact our effective tax rate , if recognized . the amount of unrecognized tax benefits is $ 135.2 million as of december 31 , 2007 . of this amount , $ 41.0 million would impact our effective tax rate , if recognized . a reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows ( in millions ) : .
|balance at january 1 2007|$ 95.7|
|increases related to prior periods|27.4|
|decreases related to prior periods|-5.5 ( 5.5 )|
|increases related to current period|21.9|
|decreases related to settlements with taxing authorities|-1.3 ( 1.3 )|
|decreases related to lapse of statue of limitations|-3.0 ( 3.0 )|
|balance at december 31 2007|$ 135.2|
we recognize accrued interest and penalties related to unrecognized tax benefits in income tax expense in the consolidated statements of earnings , which is consistent with the recognition of these items in prior reporting periods . as of january 1 , 2007 , we recorded a liability of $ 9.6 million for accrued interest and penalties , of which $ 7.5 million would impact our effective tax rate , if recognized . the amount of this liability is $ 19.6 million as of december 31 , 2007 . of this amount , $ 14.7 million would impact our effective tax rate , if recognized . we expect that the amount of tax liability for unrecognized tax benefits will change in the next twelve months ; however , we do not expect these changes will have a significant impact on our results of operations or financial position . the u.s . federal statute of limitations remains open for the year 2003 and onward with years 2003 and 2004 currently under examination by the irs . it is reasonably possible that a resolution with the irs for the years 2003 through 2004 will be reached within the next twelve months , but we do not anticipate this would result in any material impact on our financial position . in addition , for the 1999 tax year of centerpulse , which we acquired in october 2003 , one issue remains in dispute . the resolution of this issue would not impact our effective tax rate , as it would be recorded as an adjustment to goodwill . state income tax returns are generally subject to examination for a period of 3 to 5 years after filing of the respective return . the state impact of any federal changes remains subject to examination by various states for a period of up to one year after formal notification to the states . we have various state income tax returns in the process of examination , administrative appeals or litigation . it is reasonably possible that such matters will be resolved in the next twelve months , but we do not anticipate that the resolution of these matters would result in any material impact on our results of operations or financial position . foreign jurisdictions have statutes of limitations generally ranging from 3 to 5 years . years still open to examination by foreign tax authorities in major jurisdictions include australia ( 2003 onward ) , canada ( 1999 onward ) , france ( 2005 onward ) , germany ( 2005 onward ) , italy ( 2003 onward ) , japan ( 2001 onward ) , puerto rico ( 2005 onward ) , singapore ( 2003 onward ) , switzerland ( 2004 onward ) , and the united kingdom ( 2005 onward ) . z i m m e r h o l d i n g s , i n c . 2 0 0 7 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) .
Question: what percent did the balance increase in 2007?
Answer: | 0.41275 |
FINQA2068 | Please answer the given financial question based on the context.
Context: united parcel service , inc . and subsidiaries management's discussion and analysis of financial condition and results of operations issuances of debt in 2014 and 2013 consisted primarily of longer-maturity commercial paper . issuances of debt in 2012 consisted primarily of senior fixed rate note offerings totaling $ 1.75 billion . repayments of debt in 2014 and 2013 consisted primarily of the maturity of our $ 1.0 and $ 1.75 billion senior fixed rate notes that matured in april 2014 and january 2013 , respectively . the remaining repayments of debt during the 2012 through 2014 time period included paydowns of commercial paper and scheduled principal payments on our capitalized lease obligations . we consider the overall fixed and floating interest rate mix of our portfolio and the related overall cost of borrowing when planning for future issuances and non-scheduled repayments of debt . we had $ 772 million of commercial paper outstanding at december 31 , 2014 , and no commercial paper outstanding at december 31 , 2013 and 2012 . the amount of commercial paper outstanding fluctuates throughout each year based on daily liquidity needs . the average commercial paper balance was $ 1.356 billion and the average interest rate paid was 0.10% ( 0.10 % ) in 2014 ( $ 1.013 billion and 0.07% ( 0.07 % ) in 2013 , and $ 962 million and 0.07% ( 0.07 % ) in 2012 , respectively ) . the variation in cash received from common stock issuances to employees was primarily due to level of stock option exercises in the 2012 through 2014 period . the cash outflows in other financing activities were impacted by several factors . cash inflows ( outflows ) from the premium payments and settlements of capped call options for the purchase of ups class b shares were $ ( 47 ) , $ ( 93 ) and $ 206 million for 2014 , 2013 and 2012 , respectively . cash outflows related to the repurchase of shares to satisfy tax withholding obligations on vested employee stock awards were $ 224 , $ 253 and $ 234 million for 2014 , 2013 and 2012 , respectively . in 2013 , we paid $ 70 million to purchase the noncontrolling interest in a joint venture that operates in the middle east , turkey and portions of the central asia region . in 2012 , we settled several interest rate derivatives that were designated as hedges of the senior fixed-rate debt offerings that year , which resulted in a cash outflow of $ 70 million . sources of credit see note 7 to the audited consolidated financial statements for a discussion of our available credit and debt covenants . guarantees and other off-balance sheet arrangements we do not have guarantees or other off-balance sheet financing arrangements , including variable interest entities , which we believe could have a material impact on financial condition or liquidity . contractual commitments we have contractual obligations and commitments in the form of capital leases , operating leases , debt obligations , purchase commitments , and certain other liabilities . we intend to satisfy these obligations through the use of cash flow from operations . the following table summarizes the expected cash outflow to satisfy our contractual obligations and commitments as of december 31 , 2014 ( in millions ) : .
|commitment type|2015|2016|2017|2018|2019|after 2019|total|
|capital leases|$ 75|$ 74|$ 67|$ 62|$ 59|$ 435|$ 772|
|operating leases|323|257|210|150|90|274|1304|
|debt principal|876|8|377|752|1000|7068|10081|
|debt interest|295|293|293|282|260|4259|5682|
|purchase commitments|269|195|71|19|8|26|588|
|pension fundings|1030|1161|344|347|400|488|3770|
|other liabilities|43|23|10|5|2014|2014|81|
|total|$ 2911|$ 2011|$ 1372|$ 1617|$ 1817|$ 12550|$ 22278|
.
Question: what percent of total expected cash outflow to satisfy contractual obligations and commitments as of december 31 , 2014 , is pension fundings?
Answer: | 0.16923 |
FINQA2069 | Please answer the given financial question based on the context.
Context: bhge 2018 form 10-k | 41 estimate would equal up to 5% ( 5 % ) of annual revenue . the expenditures are expected to be used primarily for normal , recurring items necessary to support our business . we also anticipate making income tax payments in the range of $ 425 million to $ 475 million in 2019 . contractual obligations in the table below , we set forth our contractual obligations as of december 31 , 2018 . certain amounts included in this table are based on our estimates and assumptions about these obligations , including their duration , anticipated actions by third parties and other factors . the contractual obligations we will actually pay in future periods may vary from those reflected in the table because the estimates and assumptions are subjective. .
|( in millions )|payments due by period total|payments due by period less than1 year|payments due by period 1 - 3years|payments due by period 4 - 5years|payments due by period more than5 years|
|total debt and capital lease obligations ( 1 )|$ 6989|$ 942|$ 562|$ 1272|$ 4213|
|estimated interest payments ( 2 )|3716|239|473|404|2600|
|operating leases ( 3 )|846|186|262|132|266|
|purchase obligations ( 4 )|1507|1388|86|25|8|
|total|$ 13058|$ 2755|$ 1383|$ 1833|$ 7087|
( 1 ) amounts represent the expected cash payments for the principal amounts related to our debt , including capital lease obligations . amounts for debt do not include any deferred issuance costs or unamortized discounts or premiums including step up in the value of the debt on the acquisition of baker hughes . expected cash payments for interest are excluded from these amounts . total debt and capital lease obligations includes $ 896 million payable to ge and its affiliates . as there is no fixed payment schedule on the amount payable to ge and its affiliates we have classified it as payable in less than one year . ( 2 ) amounts represent the expected cash payments for interest on our long-term debt and capital lease obligations . ( 3 ) amounts represent the future minimum payments under noncancelable operating leases with initial or remaining terms of one year or more . we enter into operating leases , some of which include renewal options , however , we have excluded renewal options from the table above unless it is anticipated that we will exercise such renewals . ( 4 ) purchase obligations include expenditures for capital assets for 2019 as well as agreements to purchase goods or services that are enforceable and legally binding and that specify all significant terms , including : fixed or minimum quantities to be purchased ; fixed , minimum or variable price provisions ; and the approximate timing of the transaction . due to the uncertainty with respect to the timing of potential future cash outflows associated with our uncertain tax positions , we are unable to make reasonable estimates of the period of cash settlement , if any , to the respective taxing authorities . therefore , $ 597 million in uncertain tax positions , including interest and penalties , have been excluded from the contractual obligations table above . see "note 12 . income taxes" of the notes to consolidated and combined financial statements in item 8 herein for further information . we have certain defined benefit pension and other post-retirement benefit plans covering certain of our u.s . and international employees . during 2018 , we made contributions and paid direct benefits of approximately $ 72 million in connection with those plans , and we anticipate funding approximately $ 41 million during 2019 . amounts for pension funding obligations are based on assumptions that are subject to change , therefore , we are currently not able to reasonably estimate our contribution figures after 2019 . see "note 11 . employee benefit plans" of the notes to consolidated and combined financial statements in item 8 herein for further information . off-balance sheet arrangements in the normal course of business with customers , vendors and others , we have entered into off-balance sheet arrangements , such as surety bonds for performance , letters of credit and other bank issued guarantees , which totaled approximately $ 3.6 billion at december 31 , 2018 . it is not practicable to estimate the fair value of these financial instruments . none of the off-balance sheet arrangements either has , or is likely to have , a material effect on our consolidated and combined financial statements. .
Question: what are the total debt and capital lease obligations as a percentage of the total payments due?
Answer: | 0.53523 |
FINQA2070 | Please answer the given financial question based on the context.
Context: 57management's discussion and analysis of financial condition and results of operations facility include covenants relating to net interest coverage and total debt-to-book capitalization ratios . the company was in compliance with the terms of the 3-year credit facility at december 31 , 2005 . the company has never borrowed under its domestic revolving credit facilities . utilization of the non-u.s . credit facilities may also be dependent on the company's ability to meet certain conditions at the time a borrowing is requested . contractual obligations , guarantees , and other purchase commitments contractual obligations summarized in the table below are the company's obligations and commitments to make future payments under debt obligations ( assuming earliest possible exercise of put rights by holders ) , lease payment obligations , and purchase obligations as of december 31 , 2005 . payments due by period ( 1 ) ( in millions ) total 2006 2007 2008 2009 2010 thereafter .
|( in millions )|payments due by period ( 1 ) total|payments due by period ( 1 ) 2006|payments due by period ( 1 ) 2007|payments due by period ( 1 ) 2008|payments due by period ( 1 ) 2009|payments due by period ( 1 ) 2010|payments due by period ( 1 ) thereafter|
|long-term debt obligations|$ 4033|$ 119|$ 1222|$ 200|$ 2|$ 529|$ 1961|
|lease obligations|1150|438|190|134|109|84|195|
|purchase obligations|992|418|28|3|2|2|539|
|total contractual obligations|$ 6175|$ 975|$ 1440|$ 337|$ 113|$ 615|$ 2695|
( 1 ) amounts included represent firm , non-cancelable commitments . debt obligations : at december 31 , 2005 , the company's long-term debt obligations , including current maturities and unamortized discount and issue costs , totaled $ 4.0 billion , as compared to $ 5.0 billion at december 31 , 2004 . a table of all outstanding long-term debt securities can be found in note 4 , ""debt and credit facilities'' to the company's consolidated financial statements . as previously discussed , the decrease in the long- term debt obligations as compared to december 31 , 2004 , was due to the redemptions and repurchases of $ 1.0 billion principal amount of outstanding securities during 2005 . also , as previously discussed , the remaining $ 118 million of 7.6% ( 7.6 % ) notes due january 1 , 2007 were reclassified to current maturities of long-term debt . lease obligations : the company owns most of its major facilities , but does lease certain office , factory and warehouse space , land , and information technology and other equipment under principally non-cancelable operating leases . at december 31 , 2005 , future minimum lease obligations , net of minimum sublease rentals , totaled $ 1.2 billion . rental expense , net of sublease income , was $ 254 million in 2005 , $ 217 million in 2004 and $ 223 million in 2003 . purchase obligations : the company has entered into agreements for the purchase of inventory , license of software , promotional agreements , and research and development agreements which are firm commitments and are not cancelable . the longest of these agreements extends through 2015 . total payments expected to be made under these agreements total $ 992 million . commitments under other long-term agreements : the company has entered into certain long-term agreements to purchase software , components , supplies and materials from suppliers . most of the agreements extend for periods of one to three years ( three to five years for software ) . however , generally these agreements do not obligate the company to make any purchases , and many permit the company to terminate the agreement with advance notice ( usually ranging from 60 to 180 days ) . if the company were to terminate these agreements , it generally would be liable for certain termination charges , typically based on work performed and supplier on-hand inventory and raw materials attributable to canceled orders . the company's liability would only arise in the event it terminates the agreements for reasons other than ""cause.'' in 2003 , the company entered into outsourcing contracts for certain corporate functions , such as benefit administration and information technology related services . these contracts generally extend for 10 years and are expected to expire in 2013 . the total payments under these contracts are approximately $ 3 billion over 10 years ; however , these contracts can be terminated . termination would result in a penalty substantially less than the annual contract payments . the company would also be required to find another source for these services , including the possibility of performing them in-house . as is customary in bidding for and completing network infrastructure projects and pursuant to a practice the company has followed for many years , the company has a number of performance/bid bonds and standby letters of credit outstanding , primarily relating to projects of government and enterprise mobility solutions segment and the networks segment . these instruments normally have maturities of up to three years and are standard in the .
Question: what percent of the total contractual obligations should be paid by the end of 2006?
Answer: | 0.15789 |
FINQA2071 | Please answer the given financial question based on the context.
Context: the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2011 , 2010 , and 2009 20 . impairment expense asset impairment asset impairment expense for the year ended december 31 , 2011 consisted of : ( in millions ) .
||2011 ( in millions )|
|wind turbines & deposits|$ 116|
|tisza ii|52|
|kelanitissa|42|
|other|15|
|total|$ 225|
wind turbines & deposits 2014during the third quarter of 2011 , the company evaluated the future use of certain wind turbines held in storage pending their installation . due to reduced wind turbine market pricing and advances in turbine technology , the company determined it was more likely than not that the turbines would be sold significantly before the end of their previously estimated useful lives . in addition , the company has concluded that more likely than not non-refundable deposits it had made in prior years to a turbine manufacturer for the purchase of wind turbines are not recoverable . the company determined it was more likely than not that it would not proceed with the purchase of turbines due to the availability of more advanced and lower cost turbines in the market . these developments were more likely than not as of september 30 , 2011 and as a result were considered impairment indicators and the company determined that an impairment had occurred as of september 30 , 2011 as the aggregate carrying amount of $ 161 million of these assets was not recoverable and was reduced to their estimated fair value of $ 45 million determined under the market approach . this resulted in asset impairment expense of $ 116 million . wind generation is reported in the corporate and other segment . in january 2012 , the company forfeited the deposits for which a full impairment charge was recognized in the third quarter of 2011 , and there is no obligation for further payments under the related turbine supply agreement . additionally , the company sold some of the turbines held in storage during the fourth quarter of 2011 and is continuing to evaluate the future use of the turbines held in storage . the company determined it is more likely than not that they will be sold , however they are not being actively marketed for sale at this time as the company is reconsidering the potential use of the turbines in light of recent development activity at one of its advance stage development projects . it is reasonably possible that the turbines could incur further loss in value due to changing market conditions and advances in technology . tisza ii 2014during the fourth quarter of 2011 , tisza ii , a 900 mw gas and oil-fired generation plant in hungary entered into annual negotiations with its offtaker . as a result of these negotiations , as well as the further deterioration of the economic environment in hungary , the company determined that an indicator of impairment existed at december 31 , 2011 . thus , the company performed an asset impairment test and determined that based on the undiscounted cash flow analysis , the carrying amount of tisza ii asset group was not recoverable . the fair value of the asset group was then determined using a discounted cash flow analysis . the carrying value of the tisza ii asset group of $ 94 million exceeded the fair value of $ 42 million resulting in the recognition of asset impairment expense of $ 52 million during the three months ended december 31 , 2011 . tisza ii is reported in the europe generation reportable segment . kelanitissa 2014in 2011 , the company recognized asset impairment expense of $ 42 million for the long-lived assets of kelanitissa , our diesel-fired generation plant in sri lanka . we have continued to evaluate the recoverability of our long-lived assets at kelanitissa as a result of both the existing government regulation which .
Question: what percentage of asset impairment expense for the year ended december 31 , 2011 was related to wind turbines & deposits?
Answer: | 0.51556 |
FINQA2072 | Please answer the given financial question based on the context.
Context: in 2011 , we transferred approximately 1.3 million shares of blackrock series c preferred stock to blackrock in connection with our obligation . in 2013 , we transferred an additional .2 million shares to blackrock . at december 31 , 2015 , we held approximately 1.3 million shares of blackrock series c preferred stock which were available to fund our obligation in connection with the blackrock ltip programs . see note 24 subsequent events for information on our february 1 , 2016 transfer of 0.5 million shares of the series c preferred stock to blackrock to satisfy a portion of our ltip obligation . pnc accounts for its blackrock series c preferred stock at fair value , which offsets the impact of marking-to-market the obligation to deliver these shares to blackrock . the fair value of the blackrock series c preferred stock is included on our consolidated balance sheet in the caption other assets . additional information regarding the valuation of the blackrock series c preferred stock is included in note 7 fair value . note 14 financial derivatives we use derivative financial instruments ( derivatives ) primarily to help manage exposure to interest rate , market and credit risk and reduce the effects that changes in interest rates may have on net income , the fair value of assets and liabilities , and cash flows . we also enter into derivatives with customers to facilitate their risk management activities . derivatives represent contracts between parties that usually require little or no initial net investment and result in one party delivering cash or another type of asset to the other party based on a notional amount and an underlying as specified in the contract . derivative transactions are often measured in terms of notional amount , but this amount is generally not exchanged and it is not recorded on the balance sheet . the notional amount is the basis to which the underlying is applied to determine required payments under the derivative contract . the underlying is a referenced interest rate ( commonly libor ) , security price , credit spread or other index . residential and commercial real estate loan commitments associated with loans to be sold also qualify as derivative instruments . the following table presents the notional amounts and gross fair values of all derivative assets and liabilities held by pnc : table 111 : total gross derivatives .
|in millions|december 31 2015 notional/contractamount|december 31 2015 assetfairvalue ( a )|december 31 2015 liabilityfairvalue ( b )|december 31 2015 notional/contractamount|december 31 2015 assetfairvalue ( a )|liabilityfairvalue ( b )|
|derivatives designated as hedging instruments under gaap|$ 52074|$ 1159|$ 174|$ 49061|$ 1261|$ 186|
|derivatives not designated as hedging instruments under gaap|295902|3782|3628|291256|3973|3841|
|total gross derivatives|$ 347976|$ 4941|$ 3802|$ 340317|$ 5234|$ 4027|
( a ) included in other assets on our consolidated balance sheet . ( b ) included in other liabilities on our consolidated balance sheet . all derivatives are carried on our consolidated balance sheet at fair value . derivative balances are presented on the consolidated balance sheet on a net basis taking into consideration the effects of legally enforceable master netting agreements and , when appropriate , any related cash collateral exchanged with counterparties . further discussion regarding the offsetting rights associated with these legally enforceable master netting agreements is included in the offsetting , counterparty credit risk , and contingent features section below . any nonperformance risk , including credit risk , is included in the determination of the estimated net fair value of the derivatives . further discussion on how derivatives are accounted for is included in note 1 accounting policies . derivatives designated as hedging instruments under gaap certain derivatives used to manage interest rate and foreign exchange risk as part of our asset and liability risk management activities are designated as accounting hedges under gaap . derivatives hedging the risks associated with changes in the fair value of assets or liabilities are considered fair value hedges , derivatives hedging the variability of expected future cash flows are considered cash flow hedges , and derivatives hedging a net investment in a foreign subsidiary are considered net investment hedges . designating derivatives as accounting hedges allows for gains and losses on those derivatives , to the extent effective , to be recognized in the income statement in the same period the hedged items affect earnings . 180 the pnc financial services group , inc . 2013 form 10-k .
Question: for 2015 , the fair value of total gross derivatives was what percent of notional value?
Answer: | 0.0142 |
FINQA2073 | Please answer the given financial question based on the context.
Context: we realize synergies from consolidating businesses into our existing operations , whether through acquisitions or public-private partnerships , which allow us to reduce capital and expense requirements associated with truck routing , personnel , fleet maintenance , inventories and back-office administration . operating model the goal of our operating model pillar is to deliver a consistent , high quality service to all of our customers through the republic way : one way . everywhere . every day . this approach of developing standardized processes with rigorous controls and tracking allows us to leverage our scale and deliver durable operational excellence . the republic way is the key to harnessing the best of what we do as operators and translating that across all facets of our business . a key enabler of the republic way is our organizational structure that fosters a high performance culture by maintaining 360 degree accountability and full profit and loss responsibility with general management , supported by a functional structure to provide subject matter expertise . this structure allows us to take advantage of our scale by coordinating functionally across all of our markets , while empowering local management to respond to unique market dynamics . we have rolled out several productivity and cost control initiatives designed to deliver the best service possible to our customers in the most efficient and environmentally sound way . fleet automation approximately 72% ( 72 % ) of our residential routes have been converted to automated single driver trucks . by converting our residential routes to automated service , we reduce labor costs , improve driver productivity , decrease emissions and create a safer work environment for our employees . additionally , communities using automated vehicles have higher participation rates in recycling programs , thereby complementing our initiative to expand our recycling capabilities . fleet conversion to compressed natural gas ( cng ) approximately 16% ( 16 % ) of our fleet operates on cng . we expect to continue our gradual fleet conversion to cng , our preferred alternative fuel technology , as part of our ordinary annual fleet replacement process . we believe a gradual fleet conversion is most prudent to realize the full value of our previous fleet investments . approximately 33% ( 33 % ) of our replacement vehicle purchases during 2015 were cng vehicles . we believe using cng vehicles provides us a competitive advantage in communities with strict clean emission initiatives that focus on protecting the environment . although upfront costs are higher , using cng reduces our overall fleet operating costs through lower fuel expenses . as of december 31 , 2015 , we operated 38 cng fueling stations . standardized maintenance based on an industry trade publication , we operate the ninth largest vocational fleet in the united states . as of december 31 , 2015 , our average fleet age in years , by line of business , was as follows : approximate number of vehicles approximate average age .
||approximate number of vehicles|approximate average age|
|residential|7200|7|
|small-container commercial|4400|7|
|large-container industrial|4000|9|
|total|15600|7.5|
onefleet , our standardized vehicle maintenance program , enables us to use best practices for fleet management , truck care and maintenance . through standardization of core functions , we believe we can minimize variability .
Question: based on the provided information what is the approximate number of vehicles that have been converted to natural gas
Answer: | 2496.0 |
FINQA2074 | Please answer the given financial question based on the context.
Context: the principal components of eog's rollforward of valuation allowances for deferred income tax assets were as follows ( in thousands ) : .
||2017|2016|2015|
|beginning balance|$ 383221|$ 506127|$ 463018|
|increase ( 1 )|67333|37221|146602|
|decrease ( 2 )|-13687 ( 13687 )|-12667 ( 12667 )|-4315 ( 4315 )|
|other ( 3 )|29554|-147460 ( 147460 )|-99178 ( 99178 )|
|ending balance|$ 466421|$ 383221|$ 506127|
( 1 ) increase in valuation allowance related to the generation of tax nols and other deferred tax assets . ( 2 ) decrease in valuation allowance associated with adjustments to certain deferred tax assets and their related allowance . ( 3 ) represents dispositions/revisions/foreign exchange rate variances and the effect of statutory income tax rate changes . as of december 31 , 2017 , eog had state income tax nols being carried forward of approximately $ 1.7 billion , which , if unused , expire between 2018 and 2036 . during 2017 , eog's united kingdom subsidiary incurred a tax nol of approximately $ 72 million which , along with prior years' nols of $ 857 million , will be carried forward indefinitely . eog also has united states federal and canadian nols of $ 335 million and $ 158 million , respectively , with varying carryforward periods . eog's remaining amt credits total $ 798 million , resulting from amt paid with respect to prior years and an increase of $ 41 million in 2017 . as described above , these nols and credits , as well as other less significant future income tax benefits , have been evaluated for the likelihood of utilization , and valuation allowances have been established for the portion of these deferred income tax assets that t do not meet the "more likely than not" threshold . as further described above , significant changes were made by the tcja to the corporate amt that are favorable to eog , including the refunding of amt credit carryovers . due to these legislative changes , eog intends to settle certain uncertain tax positions related to amt credits for taxable years 2011 through 2015 , resulting in a decrease of uncertain tax positions of $ 40 million . the amount of unrecognized tax benefits at december 31 , 2017 , was $ 39 million , resulting from the tax treatment of its research and experimental expenditures related to certain innovations in its horizontal drilling and completion projects , which ish not expected to have an earnings impact . eog records interest and penalties related to unrecognized tax benefits to its income tax provision . eog does not anticipate that the amount of the unrecognized tax benefits will increase during the next twelve months . eog and its subsidiaries file income tax returns and are subject to tax audits in the united states and various state , local and foreign jurisdictions . eog's earliest open tax years in its principal jurisdictions are as follows : united states federal ( 2011 ) , canada ( 2014 ) , united kingdom ( 2016 ) , trinidad ( 2011 ) and china ( 2008 ) . eog's foreign subsidiaries' undistributed earnings are no longer considered to be permanently reinvested outside the u.s . and , accordingly , eog has cumulatively recorded $ 20 million of foreign and state deferred income taxes as of december 31 , 2017 . 7 . employee benefit plans stock-based compensation during 2017 , eog maintained various stock-based compensation plans as discussed below . eog recognizes compensation expense on grants of stock options , sars , restricted stock and restricted stock units , performance units and grants made under the eog resources , inc . employee stock purchase plan ( espp ) . stock-based compensation expense is calculated based upon the grant date estimated fair value of the awards , net of forfeitures , based upon eog's historical employee turnover rate . compensation expense is amortized over the shorter of the vesting period or the period from date of grant until the date the employee becomes eligible to retire without company approval. .
Question: considering the eog's roll forward of valuation allowances for deferred income tax assets during 2015-2017 , what was the lowest value registered in the beginning balance?
Answer: | 383221.0 |
FINQA2075 | Please answer the given financial question based on the context.
Context: republic services , inc . notes to consolidated financial statements 2014 ( continued ) the letters of credit use $ 909.4 million and $ 950.2 million as of december 31 , 2012 and 2011 , respectively , of availability under our credit facilities . surety bonds expire on various dates through 2026 . these financial instruments are issued in the normal course of business and are not debt . because we currently have no liability for this financial assurance , it is not reflected in our consolidated balance sheets . however , we have recorded capping , closure and post-closure obligations and self-insurance reserves as they are incurred . the underlying financial assurance obligations , in excess of those already reflected in our consolidated balance sheets , would be recorded if it is probable that we would be unable to fulfill our related obligations . we do not expect this to occur . our restricted cash and marketable securities deposits include , among other things , restricted cash and marketable securities held for capital expenditures under certain debt facilities , and restricted cash and marketable securities pledged to regulatory agencies and governmental entities as financial guarantees of our performance related to our final capping , closure and post-closure obligations at our landfills . the following table summarizes our restricted cash and marketable securities as of december 31: .
||2012|2011|
|financing proceeds|$ 24.7|$ 22.5|
|capping closure and post-closure obligations|54.8|54.9|
|self-insurance|81.3|75.2|
|other|3.4|37.0|
|total restricted cash and marketable securities|$ 164.2|$ 189.6|
we own a 19.9% ( 19.9 % ) interest in a company that , among other activities , issues financial surety bonds to secure capping , closure and post-closure obligations for companies operating in the solid waste industry . we account for this investment under the cost method of accounting . there have been no identified events or changes in circumstances that may have a significant adverse effect on the recoverability of the investment . this investee company and the parent company of the investee had written surety bonds for us relating primarily to our landfill operations for capping , closure and post-closure , of which $ 1152.1 million was outstanding as of december 31 , 2012 . our reimbursement obligations under these bonds are secured by an indemnity agreement with the investee and letters of credit totaling $ 23.4 million and $ 45.0 million as of december 31 , 2012 and 2011 . off-balance sheet arrangements we have no off-balance sheet debt or similar obligations , other than operating leases and the financial assurances discussed above , which are not classified as debt . we have no transactions or obligations with related parties that are not disclosed , consolidated into or reflected in our reported financial position or results of operations . we have not guaranteed any third-party debt . guarantees we enter into contracts in the normal course of business that include indemnification clauses . indemnifications relating to known liabilities are recorded in the consolidated financial statements based on our best estimate of required future payments . certain of these indemnifications relate to contingent events or occurrences , such as the imposition of additional taxes due to a change in the tax law or adverse interpretation of the tax law , and indemnifications made in divestiture agreements where we indemnify the buyer for liabilities that relate to our activities prior to the divestiture and that may become known in the future . we do not believe that these contingent obligations will have a material effect on our consolidated financial position , results of operations or cash flows. .
Question: what was the percentage decline in the total restricted cash and marketable securities from 2011 to 2012
Answer: | -0.13397 |
FINQA2076 | Please answer the given financial question based on the context.
Context: marathon oil corporation notes to consolidated financial statements the changes in the carrying amount of goodwill for the years ended december 31 , 2007 , and 2008 , were as follows : ( in millions ) e&p osm rm&t total .
|( in millions )|e&p|osm|rm&t|total|
|balance as of december 31 2006|$ 519|$ 2013|$ 879|$ 1398|
|acquired|71|1437|2013|1508|
|adjusted ( a )|2013|2013|-7 ( 7 )|-7 ( 7 )|
|balance as of december 31 2007|590|1437|872|2899|
|adjusted ( a )|-17 ( 17 )|-25 ( 25 )|7|-35 ( 35 )|
|impaired|2013|-1412 ( 1412 )|2013|-1412 ( 1412 )|
|disposed ( b )|-5 ( 5 )||2013|-5 ( 5 )|
|balance as of december 31 2008|$ 568|$ 2013|$ 879|$ 1447|
( a ) adjustments related to prior period income tax and royalty adjustments . ( b ) goodwill was allocated to the norwegian outside-operated properties sold in 2008 . 17 . fair value measurements as defined in sfas no . 157 , fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date . sfas no . 157 describes three approaches to measuring the fair value of assets and liabilities : the market approach , the income approach and the cost approach , each of which includes multiple valuation techniques . the market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities . the income approach uses valuation techniques to measure fair value by converting future amounts , such as cash flows or earnings , into a single present value amount using current market expectations about those future amounts . the cost approach is based on the amount that would currently be required to replace the service capacity of an asset . this is often referred to as current replacement cost . the cost approach assumes that the fair value would not exceed what it would cost a market participant to acquire or construct a substitute asset of comparable utility , adjusted for obsolescence . sfas no . 157 does not prescribe which valuation technique should be used when measuring fair value and does not prioritize among the techniques . sfas no . 157 establishes a fair value hierarchy that prioritizes the inputs used in applying the various valuation techniques . inputs broadly refer to the assumptions that market participants use to make pricing decisions , including assumptions about risk . level 1 inputs are given the highest priority in the fair value hierarchy while level 3 inputs are given the lowest priority . the three levels of the fair value hierarchy are as follows . 2022 level 1 2013 observable inputs that reflect unadjusted quoted prices for identical assets or liabilities in active markets as of the reporting date . active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis . 2022 level 2 2013 observable market-based inputs or unobservable inputs that are corroborated by market data . these are inputs other than quoted prices in active markets included in level 1 , which are either directly or indirectly observable as of the reporting date . 2022 level 3 2013 unobservable inputs that are not corroborated by market data and may be used with internally developed methodologies that result in management 2019s best estimate of fair value . we use a market or income approach for recurring fair value measurements and endeavor to use the best information available . accordingly , valuation techniques that maximize the use of observable inputs are favored . financial assets and liabilities are classified in their entirety based on the lowest priority level of input that is significant to the fair value measurement . the assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the placement of assets and liabilities within the levels of the fair value hierarchy. .
Question: excluding 2008 adjustments , what was the balance of the rm&t segment goodwill as of december 31 2008 , in millions?
Answer: | 872.0 |
FINQA2077 | Please answer the given financial question based on the context.
Context: edwards lifesciences corporation notes to consolidated financial statements ( continued ) 12 . employee benefit plans ( continued ) equity and debt securities are valued at fair value based on quoted market prices reported on the active markets on which the individual securities are traded . the insurance contracts are valued at the cash surrender value of the contracts , which is deemed to approximate its fair value . the following benefit payments , which reflect expected future service , as appropriate , at december 31 , 2014 , are expected to be paid ( in millions ) : .
|2015|$ 3.7|
|2016|5.5|
|2017|4.2|
|2018|4.2|
|2019|4.1|
|2020-2024|32.3|
as of december 31 , 2014 , expected employer contributions for 2015 are $ 5.8 million . defined contribution plans the company 2019s employees in the united states and puerto rico are eligible to participate in a qualified 401 ( k ) and 1165 ( e ) plan , respectively . in the united states , participants may contribute up to 25% ( 25 % ) of their eligible compensation ( subject to tax code limitation ) to the plan . edwards lifesciences matches the first 3% ( 3 % ) of the participant 2019s annual eligible compensation contributed to the plan on a dollar-for-dollar basis . edwards lifesciences matches the next 2% ( 2 % ) of the participant 2019s annual eligible compensation to the plan on a 50% ( 50 % ) basis . in puerto rico , participants may contribute up to 25% ( 25 % ) of their annual compensation ( subject to tax code limitation ) to the plan . edwards lifesciences matches the first 4% ( 4 % ) of participant 2019s annual eligible compensation contributed to the plan on a 50% ( 50 % ) basis . the company also provides a 2% ( 2 % ) profit sharing contribution calculated on eligible earnings for each employee . matching contributions relating to edwards lifesciences employees were $ 12.8 million , $ 12.0 million , and $ 10.8 million in 2014 , 2013 , and 2012 , respectively . the company also has nonqualified deferred compensation plans for a select group of employees . the plans provide eligible participants the opportunity to defer eligible compensation to future dates specified by the participant with a return based on investment alternatives selected by the participant . the amount accrued under these nonqualified plans was $ 28.7 million and $ 25.9 million at december 31 , 2014 and 2013 , respectively . 13 . common stock treasury stock in may 2013 , the board of directors approved a stock repurchase program authorizing the company to purchase up to $ 750.0 million of the company 2019s common stock from time to time until december 31 , 2016 . in july 2014 , the board of directors approved a new stock repurchase program providing for an additional $ 750.0 million of repurchases without a specified end date . stock repurchased under these programs will be used to offset obligations under the company 2019s employee stock option programs and reduce the total shares outstanding . during 2014 , 2013 , and 2012 , the company repurchased 4.4 million , 6.8 million , and 4.0 million shares , respectively , at an aggregate cost of $ 300.9 million , $ 497.0 million , and $ 353.2 million , respectively , including shares purchased under the accelerated share repurchase ( 2018 2018asr 2019 2019 ) agreements described below and shares .
Question: what was the average purchase price of company repurchased shares in 2013?
Answer: | 73.08824 |
FINQA2078 | Please answer the given financial question based on the context.
Context: operating expenses as a percentage of total revenue .
||2006|2005|2004|
|marketing and sales|27% ( 27 % )|28% ( 28 % )|28% ( 28 % )|
|research and development|31% ( 31 % )|29% ( 29 % )|31% ( 31 % )|
|general and administrative|10% ( 10 % )|10% ( 10 % )|7% ( 7 % )|
operating expense summary 2006 compared to 2005 overall operating expenses increased $ 122.5 million in 2006 , as compared to 2005 , primarily due to : 2022 an increase of $ 58.4 million in stock-based compensation expense due to our adoption of sfas no . 123r ; and 2022 an increase of $ 49.2 million in salary , benefits and other employee-related costs , primarily due to an increased number of employees and increases in bonus and commission costs , in part due to our acquisition of verisity ltd. , or verisity , in the second quarter of 2005 . 2005 compared to 2004 operating expenses increased $ 97.4 million in 2005 , as compared to 2004 , primarily due to : 2022 an increase of $ 63.3 million in employee salary and benefit costs , primarily due to our acquisition of verisity and increased bonus and commission costs ; 2022 an increase of $ 9.9 million in stock-based compensation expense due to grants of restricted stock and the assumption of options in our acquisitions ; 2022 an increase of $ 8.6 million in losses associated with the sale of installment contract receivables ; and 2022 an increase of $ 7.1 million in costs related to the retirement of our executive chairman and former president and chief executive officer in 2005 ; partially offset by 2022 our restructuring activities , as discussed below . marketing and sales 2006 compared to 2005 marketing and sales expenses increased $ 39.4 million in 2006 , as compared to 2005 , primarily due to : 2022 an increase of $ 14.8 million in stock-based compensation expense due to our adoption of sfas no . 123r ; 2022 an increase of $ 18.2 million in employee salary , commissions , benefits and other employee-related costs due to increased hiring of sales and technical personnel , and higher commissions earned resulting from an increase in 2006 sales performance ; and 2022 an increase of $ 7.8 million in marketing programs and customer-focused conferences due to our new marketing initiatives and increased travel to visit our customers . 2005 compared to 2004 marketing and sales expenses increased $ 33.1 million in 2005 , as compared to 2004 , primarily due to : 2022 an increase of $ 29.4 million in employee salary , commission and benefit costs due to increased hiring of sales and technical personnel and higher employee bonuses and commissions ; and 2022 an increase of $ 1.6 million in stock-based compensation expense due to grants of restricted stock and the assumption of options in our acquisitions ; partially offset by 2022 a decrease of $ 1.9 million in marketing program costs. .
Question: what portion of the increase of marketing and sales expense in 2006 is incurred by the increase in stock-based compensation expense due to our adoption of sfas no?
Answer: | 0.37563 |
FINQA2079 | Please answer the given financial question based on the context.
Context: 2022 increased proved liquid hydrocarbon , including synthetic crude oil , reserves to 78 percent from 75 percent of proved reserves 2022 increased e&p net sales volumes , excluding libya , by 7 percent 2022 recorded 96 percent average operational availability for all major company-operated e&p assets , compared to 94 percent in 2010 2022 completed debottlenecking work that increased crude oil production capacity at the alvheim fpso in norway to 150000 gross bbld from the previous capacity of 142000 gross bbld and the original 2008 capacity of 120000 gross bbld 2022 announced two non-operated discoveries in the iraqi kurdistan region and began drilling in poland 2022 completed aosp expansion 1 , including the start-up of the expanded scotford upgrader , realizing an increase in net synthetic crude oil sales volumes of 48 percent 2022 completed dispositions of non-core assets and interests in acreage positions for net proceeds of $ 518 million 2022 repurchased 12 million shares of our common stock at a cost of $ 300 million 2022 retired $ 2498 million principal of our long-term debt 2022 resumed limited production in libya in the fourth quarter of 2011 following the february 2011 temporary suspension of operations consolidated results of operations : 2011 compared to 2010 due to the spin-off of our downstream business on june 30 , 2011 , which is reported as discontinued operations , income from continuing operations is more representative of marathon oil as an independent energy company . consolidated income from continuing operations before income taxes was 9 percent higher in 2011 than in 2010 , largely due to higher liquid hydrocarbon prices . this improvement was offset by increased income taxes primarily the result of excess foreign tax credits generated during 2011 that we do not expect to utilize in the future . the effective income tax rate for continuing operations was 61 percent in 2011 compared to 54 percent in 2010 . revenues are summarized in the following table : ( in millions ) 2011 2010 .
|( in millions )|2011|2010|
|e&p|$ 13029|$ 10782|
|osm|1588|833|
|ig|93|150|
|segment revenues|14710|11765|
|elimination of intersegment revenues|-47 ( 47 )|-75 ( 75 )|
|total revenues|$ 14663|$ 11690|
e&p segment revenues increased $ 2247 million from 2010 to 2011 , primarily due to higher average liquid hydrocarbon realizations , which were $ 99.37 per bbl in 2011 , a 31 percent increase over 2010 . revenues in 2010 included net pre-tax gains of $ 95 million on derivative instruments intended to mitigate price risk on future sales of liquid hydrocarbons and natural gas . included in our e&p segment are supply optimization activities which include the purchase of commodities from third parties for resale . supply optimization serves to aggregate volumes in order to satisfy transportation commitments and to achieve flexibility within product types and delivery points . see the cost of revenues discussion as revenues from supply optimization approximate the related costs . higher average crude oil prices in 2011 compared to 2010 increased revenues related to supply optimization . revenues from the sale of our u.s . production are higher in 2011 primarily as a result of higher liquid hydrocarbon and natural gas price realizations , but sales volumes declined. .
Question: by how much did total revenues increase from 2010 to 2011?
Answer: | 0.25432 |
FINQA2080 | Please answer the given financial question based on the context.
Context: changes in the benchmark index component of the 10-year treasury yield . the company def signated these derivatives as cash flow hedges . on october 13 , 2015 , in conjunction with the pricing of the $ 4.5 billion senior notes , the companyr terminated these treasury lock contracts for a cash settlement payment of $ 16 million , which was recorded as a component of other comprehensive earnings and will be reclassified as an adjustment to interest expense over the ten years during which the related interest payments that were hedged will be recognized in income . foreign currency risk we are exposed to foreign currency risks that arise from normal business operations . these risks include the translation of local currency balances of foreign subsidiaries , transaction gains and losses associated with intercompany loans with foreign subsidiaries and transactions denominated in currencies other than a location's functional currency . we manage the exposure to these risks through a combination of normal operating activities and the use of foreign currency forward contracts . contracts are denominated in currtt encies of major industrial countries . our exposure to foreign currency exchange risks generally arises from our non-u.s . operations , to the extent they are conducted ind local currency . changes in foreign currency exchange rates affect translations of revenues denominated in currencies other than the u.s . dollar . during the years ended december 31 , 2016 , 2015 and 2014 , we generated approximately $ 1909 million , $ 1336 million and $ 1229 million , respectively , in revenues denominated in currencies other than the u.s . dollar . the major currencies to which our revenues are exposed are the brazilian real , the euro , the british pound sterling and the indian rupee . a 10% ( 10 % ) move in average exchange rates for these currencies ( assuming a simultaneous and immediate 10% ( 10 % ) change in all of such rates for the relevant period ) would have resulted in the following increase or ( decrease ) in our reported revenues for the years ended december 31 , 2016 , 2015 and 2014 ( in millions ) : .
|currency|2016|2015|2014|
|pound sterling|$ 47|$ 34|$ 31|
|euro|38|33|30|
|real|32|29|38|
|indian rupee|12|10|8|
|total impact|$ 129|$ 106|$ 107|
while our results of operations have been impacted by the effects of currency fluctuations , our international operations' revenues and expenses are generally denominated in local currency , which reduces our economic exposure to foreign exchange risk in those jurisdictions . revenues included $ 100 million and $ 243 million and net earnings included $ 10 million , anrr d $ 31 million , respectively , of unfavorable foreign currency impact during 2016 and 2015 resulting from a stronger u.s . dollar during these years compared to thet preceding year . in 2017 , we expect continued unfavorable foreign currency impact on our operating income resulting from the continued strengthening of the u.s . dollar vs . other currencies . our foreign exchange risk management policy permits the use of derivative instruments , such as forward contracts and options , to reduce volatility in our results of operations and/or cash flows resulting from foreign exchange rate fluctuations . we do not enter into foreign currency derivative instruments for trading purposes or to engage in speculative activitr y . we do periodically enter inttt o foreign currency forward exchange contracts to hedge foreign currency exposure to intercompany loans . as of december 31 , 2016 , the notional amount of these derivatives was approximately $ 143 million and the fair value was nominal . these derivatives are intended to hedge the foreign exchange risks related to intercompany loans but have not been designated as hedges for accounting purposes . we also use currency forward contracts to manage our exposure to fluctuations in costs caused by variations in indian rupee ( "inr" ) exchange rates . as of december 31 , 2016 , the notional amount of these derivatives was approximately $ 7 million and the fair value was ll less than $ 1 million . these inr forward contracts are designated as cash flow hedges . the fair value of these currency forward contracts is determined using currency exchange market rates , obtained from reliable , independent , third m party banks , at the balance sheet date . the fair value of forward contracts is subject to changes in currency exchange rates . the company has no ineffectiveness related to its use of currency forward contracts in connection with inr cash flow hedges . in conjunction with entering into the definitive agreement to acquire clear2pay in september 2014 , we initiated a foreign currency forward contract to purchase euros and sell u.s . dollars to manage the risk arising from fluctuations in exchange rates until the closing because the purchase price was stated in euros . as this derivative did not qualify for hedge accounting , we recorded a charge of $ 16 million in other income ( expense ) , net during the third quarter of 2014 . this forward contract was settled on october 1 , 2014. .
Question: what is the unfavorable foreign currency impact in operating expenses in 2016?
Answer: | 90.0 |
FINQA2081 | Please answer the given financial question based on the context.
Context: the goldman sachs group , inc . and subsidiaries management 2019s discussion and analysis net revenues in equities were $ 6.60 billion , 4% ( 4 % ) lower than 2016 , primarily due to lower commissions and fees , reflecting a decline in our listed cash equity volumes in the u.s . market volumes in the u.s . also declined . in addition , net revenues in equities client execution were lower , reflecting lower net revenues in derivatives , partially offset by higher net revenues in cash products . net revenues in securities services were essentially unchanged . operating expenses were $ 9.69 billion for 2017 , essentially unchanged compared with 2016 , due to decreased compensation and benefits expenses , reflecting lower net revenues , largely offset by increased technology expenses , reflecting higher expenses related to cloud-based services and software depreciation , and increased consulting costs . pre-tax earnings were $ 2.21 billion in 2017 , 54% ( 54 % ) lower than 2016 . investing & lending investing & lending includes our investing activities and the origination of loans , including our relationship lending activities , to provide financing to clients . these investments and loans are typically longer-term in nature . we make investments , some of which are consolidated , including through our merchant banking business and our special situations group , in debt securities and loans , public and private equity securities , infrastructure and real estate entities . some of these investments are made indirectly through funds that we manage . we also make unsecured loans through our digital platform , marcus : by goldman sachs and secured loans through our digital platform , goldman sachs private bank select . the table below presents the operating results of our investing & lending segment. .
|$ in millions|year ended december 2018|year ended december 2017|year ended december 2016|
|equity securities|$ 4455|$ 4578|$ 2573|
|debt securities and loans|3795|2660|1689|
|total net revenues|8250|7238|4262|
|provision for credit losses|674|657|182|
|operating expenses|3365|2796|2386|
|pre-taxearnings|$ 4211|$ 3785|$ 1694|
operating environment . during 2018 , our investments in private equities benefited from company-specific events , including sales , and strong corporate performance , while investments in public equities reflected losses , as global equity prices generally decreased . results for our investments in debt securities and loans reflected continued growth in loans receivables , resulting in higher net interest income . if macroeconomic concerns negatively affect corporate performance or the origination of loans , or if global equity prices continue to decline , net revenues in investing & lending would likely be negatively impacted . during 2017 , generally higher global equity prices and tighter credit spreads contributed to a favorable environment for our equity and debt investments . results also reflected net gains from company-specific events , including sales , and corporate performance . 2018 versus 2017 . net revenues in investing & lending were $ 8.25 billion for 2018 , 14% ( 14 % ) higher than 2017 . net revenues in equity securities were $ 4.46 billion , 3% ( 3 % ) lower than 2017 , reflecting net losses from investments in public equities ( 2018 included $ 183 million of net losses ) compared with net gains in the prior year , partially offset by significantly higher net gains from investments in private equities ( 2018 included $ 4.64 billion of net gains ) , driven by company-specific events , including sales , and corporate performance . for 2018 , 60% ( 60 % ) of the net revenues in equity securities were generated from corporate investments and 40% ( 40 % ) were generated from real estate . net revenues in debt securities and loans were $ 3.80 billion , 43% ( 43 % ) higher than 2017 , primarily driven by significantly higher net interest income . 2018 included net interest income of approximately $ 2.70 billion compared with approximately $ 1.80 billion in 2017 . provision for credit losses was $ 674 million for 2018 , compared with $ 657 million for 2017 , as the higher provision for credit losses primarily related to consumer loan growth in 2018 was partially offset by an impairment of approximately $ 130 million on a secured loan in 2017 . operating expenses were $ 3.37 billion for 2018 , 20% ( 20 % ) higher than 2017 , primarily due to increased expenses related to consolidated investments and our digital lending and deposit platform , and increased compensation and benefits expenses , reflecting higher net revenues . pre-tax earnings were $ 4.21 billion in 2018 , 11% ( 11 % ) higher than 2017 versus 2016 . net revenues in investing & lending were $ 7.24 billion for 2017 , 70% ( 70 % ) higher than 2016 . net revenues in equity securities were $ 4.58 billion , 78% ( 78 % ) higher than 2016 , primarily reflecting a significant increase in net gains from private equities ( 2017 included $ 3.82 billion of net gains ) , which were positively impacted by company-specific events and corporate performance . in addition , net gains from public equities ( 2017 included $ 762 million of net gains ) were significantly higher , as global equity prices increased during the year . for 2017 , 64% ( 64 % ) of the net revenues in equity securities were generated from corporate investments and 36% ( 36 % ) were generated from real estate . net revenues in debt securities and loans were $ 2.66 billion , 57% ( 57 % ) higher than 2016 , reflecting significantly higher net interest income ( 2017 included approximately $ 1.80 billion of net interest income ) . 60 goldman sachs 2018 form 10-k .
Question: what were net revenues in investing & lending in billions for 2017?
Answer: | 7.095 |
FINQA2082 | Please answer the given financial question based on the context.
Context: the company orders components for its products and builds inventory in advance of product shipments . because the company 2019s markets are volatile and subject to rapid technology and price changes , there is a risk the company will forecast incorrectly and produce or order from third-parties excess or insufficient inventories of particular products or components . the company 2019s operating results and financial condition in the past have been and may in the future be materially adversely affected by the company 2019s ability to manage its inventory levels and outstanding purchase commitments and to respond to short-term shifts in customer demand patterns . gross margin declined in 2004 to 27.3% ( 27.3 % ) of net sales from 27.5% ( 27.5 % ) of net sales in 2003 . the company 2019s gross margin during 2004 declined due to an increase in mix towards lower margin ipod and ibook sales , pricing actions on certain power macintosh g5 models that were transitioned during the beginning of 2004 , higher warranty costs on certain portable macintosh products , and higher freight and duty costs during 2004 . these unfavorable factors were partially offset by an increase in direct sales and a 39% ( 39 % ) year-over-year increase in higher margin software sales . operating expenses operating expenses for each of the last three fiscal years are as follows ( in millions , except for percentages ) : september 24 , september 25 , september 27 , 2005 2004 2003 .
||september 24 2005|september 25 2004|september 27 2003|
|research and development|$ 534|$ 489|$ 471|
|percentage of net sales|4% ( 4 % )|6% ( 6 % )|8% ( 8 % )|
|selling general and administrative expenses|$ 1859|$ 1421|$ 1212|
|percentage of net sales|13% ( 13 % )|17% ( 17 % )|20% ( 20 % )|
|restructuring costs|$ 2014|$ 23|$ 26|
research and development ( r&d ) the company recognizes that focused investments in r&d are critical to its future growth and competitive position in the marketplace and are directly related to timely development of new and enhanced products that are central to the company 2019s core business strategy . the company has historically relied upon innovation to remain competitive . r&d expense amounted to approximately 4% ( 4 % ) of total net sales during 2005 down from 6% ( 6 % ) and 8% ( 8 % ) of total net sales in 2004 and 2003 , respectively . this decrease is due to the significant increase of 68% ( 68 % ) in total net sales of the company for 2005 . although r&d expense decreased as a percentage of total net sales in 2005 , actual expense for r&d in 2005 increased $ 45 million or 9% ( 9 % ) from 2004 , which follows an $ 18 million or 4% ( 4 % ) increase in 2004 compared to 2003 . the overall increase in r&d expense relates primarily to increased headcount and support for new product development activities and the impact of employee salary increases in 2005 . r&d expense does not include capitalized software development costs of approximately $ 29.7 million related to the development of mac os x tiger during 2005 ; $ 4.5 million related to the development of mac os x tiger and $ 2.3 million related to the development of filemaker pro 7 in 2004 ; and $ 14.7 million related to the development of mac os x panther in 2003 . further information related to the company 2019s capitalization of software development costs may be found in part ii , item 8 of this form 10-k at note 1 of notes to consolidated financial statements . selling , general , and administrative expense ( sg&a ) expenditures for sg&a increased $ 438 million or 31% ( 31 % ) during 2005 compared to 2004 . these increases are due primarily to the company 2019s continued expansion of its retail segment in both domestic and international markets , a current year increase in discretionary spending on marketing and advertising , and higher direct and channel selling expenses resulting from the increase in net sales and employee salary .
Question: what was the average research and development expense for fye 2003-2005 , in millions ? $ 534 $ 489 $ 471
Answer: | 498.0 |
FINQA2083 | Please answer the given financial question based on the context.
Context: $ 43.3 million in 2011 compared to $ 34.1 million in 2010 . the retail segment represented 13% ( 13 % ) and 15% ( 15 % ) of the company 2019s total net sales in 2011 and 2010 , respectively . the retail segment 2019s operating income was $ 4.7 billion , $ 3.2 billion , and $ 2.3 billion during 2012 , 2011 , and 2010 respectively . these year-over-year increases in retail operating income were primarily attributable to higher overall net sales that resulted in significantly higher average revenue per store during the respective years . gross margin gross margin for 2012 , 2011 and 2010 are as follows ( in millions , except gross margin percentages ) : .
||2012|2011|2010|
|net sales|$ 156508|$ 108249|$ 65225|
|cost of sales|87846|64431|39541|
|gross margin|$ 68662|$ 43818|$ 25684|
|gross margin percentage|43.9% ( 43.9 % )|40.5% ( 40.5 % )|39.4% ( 39.4 % )|
the gross margin percentage in 2012 was 43.9% ( 43.9 % ) , compared to 40.5% ( 40.5 % ) in 2011 . this year-over-year increase in gross margin was largely driven by lower commodity and other product costs , a higher mix of iphone sales , and improved leverage on fixed costs from higher net sales . the increase in gross margin was partially offset by the impact of a stronger u.s . dollar . the gross margin percentage during the first half of 2012 was 45.9% ( 45.9 % ) compared to 41.4% ( 41.4 % ) during the second half of 2012 . the primary drivers of higher gross margin in the first half of 2012 compared to the second half are a higher mix of iphone sales and improved leverage on fixed costs from higher net sales . additionally , gross margin in the second half of 2012 was also affected by the introduction of new products with flat pricing that have higher cost structures and deliver greater value to customers , price reductions on certain existing products , higher transition costs associated with product launches , and continued strengthening of the u.s . dollar ; partially offset by lower commodity costs . the gross margin percentage in 2011 was 40.5% ( 40.5 % ) , compared to 39.4% ( 39.4 % ) in 2010 . this year-over-year increase in gross margin was largely driven by lower commodity and other product costs . the company expects to experience decreases in its gross margin percentage in future periods , as compared to levels achieved during 2012 , and the company anticipates gross margin of about 36% ( 36 % ) during the first quarter of 2013 . expected future declines in gross margin are largely due to a higher mix of new and innovative products with flat or reduced pricing that have higher cost structures and deliver greater value to customers and anticipated component cost and other cost increases . future strengthening of the u.s . dollar could further negatively impact gross margin . the foregoing statements regarding the company 2019s expected gross margin percentage in future periods , including the first quarter of 2013 , are forward-looking and could differ from actual results because of several factors including , but not limited to those set forth above in part i , item 1a of this form 10-k under the heading 201crisk factors 201d and those described in this paragraph . in general , gross margins and margins on individual products will remain under downward pressure due to a variety of factors , including continued industry wide global product pricing pressures , increased competition , compressed product life cycles , product transitions and potential increases in the cost of components , as well as potential increases in the costs of outside manufacturing services and a potential shift in the company 2019s sales mix towards products with lower gross margins . in response to competitive pressures , the company expects it will continue to take product pricing actions , which would adversely affect gross margins . gross margins could also be affected by the company 2019s ability to manage product quality and warranty costs effectively and to stimulate demand for certain of its products . due to the company 2019s significant international operations , financial results can be significantly affected in the short-term by fluctuations in exchange rates. .
Question: what was the increase in gross margin percentage between 2011 and 2012?
Answer: | 1.1 |
FINQA2084 | Please answer the given financial question based on the context.
Context: off-balance sheet transactions contractual obligations as of december 31 , 2017 , our contractual obligations with initial or remaining terms in excess of one year , including interest payments on long-term debt obligations , were as follows ( in thousands ) : the table above does not include $ 0.5 million of unrecognized tax benefits ( we refer you to the notes to the consolidated financial statements note 201410 201cincome tax 201d ) . certain service providers may require collateral in the normal course of our business . the amount of collateral may change based on certain terms and conditions . as a routine part of our business , depending on market conditions , exchange rates , pricing and our strategy for growth , we regularly consider opportunities to enter into contracts for the building of additional ships . we may also consider the sale of ships , potential acquisitions and strategic alliances . if any of these transactions were to occur , they may be financed through the incurrence of additional permitted indebtedness , through cash flows from operations , or through the issuance of debt , equity or equity-related securities . funding sources certain of our debt agreements contain covenants that , among other things , require us to maintain a minimum level of liquidity , as well as limit our net funded debt-to-capital ratio , maintain certain other ratios and restrict our ability to pay dividends . substantially all of our ships and other property and equipment are pledged as collateral for certain of our debt . we believe we were in compliance with these covenants as of december 31 , 2017 . the impact of changes in world economies and especially the global credit markets can create a challenging environment and may reduce future consumer demand for cruises and adversely affect our counterparty credit risks . in the event this environment deteriorates , our business , financial condition and results of operations could be adversely impacted . we believe our cash on hand , expected future operating cash inflows , additional available borrowings under our new revolving loan facility and our ability to issue debt securities or additional equity securities , will be sufficient to fund operations , debt payment requirements , capital expenditures and maintain compliance with covenants under our debt agreements over the next twelve-month period . there is no assurance that cash flows from operations and additional financings will be available in the future to fund our future obligations . less than 1 year 1-3 years 3-5 years more than 5 years long-term debt ( 1 ) $ 6424582 $ 619373 $ 1248463 $ 3002931 $ 1553815 operating leases ( 2 ) 131791 15204 28973 26504 61110 ship construction contracts ( 3 ) 6138219 1016892 1363215 1141212 2616900 port facilities ( 4 ) 138308 30509 43388 23316 41095 interest ( 5 ) 947967 218150 376566 203099 150152 other ( 6 ) 168678 54800 73653 23870 16355 .
||total|less than1 year|1-3 years|3-5 years|more than5 years|
|long-term debt ( 1 )|$ 6424582|$ 619373|$ 1248463|$ 3002931|$ 1553815|
|operating leases ( 2 )|131791|15204|28973|26504|61110|
|ship construction contracts ( 3 )|6138219|1016892|1363215|1141212|2616900|
|port facilities ( 4 )|138308|30509|43388|23316|41095|
|interest ( 5 )|947967|218150|376566|203099|150152|
|other ( 6 )|168678|54800|73653|23870|16355|
|total|$ 13949545|$ 1954928|$ 3134258|$ 4420932|$ 4439427|
( 1 ) includes discount and premiums aggregating $ 0.5 million . also includes capital leases . the amount excludes deferred financing fees which are included in the consolidated balance sheets as an offset to long-term debt . ( 2 ) primarily for offices , motor vehicles and office equipment . ( 3 ) for our newbuild ships based on the euro/u.s . dollar exchange rate as of december 31 , 2017 . export credit financing is in place from syndicates of banks . ( 4 ) primarily for our usage of certain port facilities . ( 5 ) includes fixed and variable rates with libor held constant as of december 31 , 2017 . ( 6 ) future commitments for service , maintenance and other business enhancement capital expenditure contracts. .
Question: what portion of the expected payments within the next 12 months is allocated to the repayment of long-term debt?
Answer: | 0.31683 |
FINQA2085 | Please answer the given financial question based on the context.
Context: likely than not that some portion or all of the deferred tax assets will not be realized . the accruals for deferred tax assets and liabilities are subject to a significant amount of judgment by management and are reviewed and adjusted routinely based on changes in facts and circumstances . material changes in these accruals may occur in the future , based on the progress of ongoing tax audits , changes in legislation and resolution of pending tax matters . forward-looking estimates we are providing our 2011 forward-looking estimates in this section . these estimates were based on our examination of historical operating trends , the information used to prepare our december 31 , 2010 , reserve reports and other data in our possession or available from third parties . the forward-looking estimates in this report were prepared assuming demand , curtailment , producibility and general market conditions for our oil , gas and ngls during 2011 will be similar to 2010 , unless otherwise noted . we make reference to the 201cdisclosure regarding forward-looking statements 201d at the beginning of this report . amounts related to our canadian operations have been converted to u.s . dollars using an estimated average 2011 exchange rate of $ 0.95 dollar to $ 1.00 canadian dollar . during 2011 , our operations are substantially comprised of our ongoing north america onshore operations . we also have international operations in brazil and angola that we are divesting . we have entered into agreements to sell our assets in brazil for $ 3.2 billion and our assets in angola for $ 70 million , plus contingent consideration . as a result of these divestitures , all revenues , expenses and capital related to our international operations are reported as discontinued operations in our financial statements . additionally , all forward-looking estimates in this document exclude amounts related to our international operations , unless otherwise noted . north america onshore operating items the following 2011 estimates relate only to our north america onshore assets . oil , gas and ngl production set forth below are our estimates of oil , gas and ngl production for 2011 . we estimate that our combined oil , gas and ngl production will total approximately 236 to 240 mmboe . ( mmbbls ) ( mmbbls ) ( mmboe ) .
||oil ( mmbbls )|gas ( bcf )|ngls ( mmbbls )|total ( mmboe )|
|u.s . onshore|17|736|34|174|
|canada|28|199|3|64|
|north america onshore|45|935|37|238|
oil and gas prices we expect our 2011 average prices for the oil and gas production from each of our operating areas to differ from the nymex price as set forth in the following table . the expected ranges for prices are exclusive of the anticipated effects of the financial contracts presented in the 201ccommodity price risk management 201d section below . the nymex price for oil is determined using the monthly average of settled prices on each trading day for benchmark west texas intermediate crude oil delivered at cushing , oklahoma . the nymex price for gas is determined using the first-of-month south louisiana henry hub price index as published monthly in inside .
Question: what percentage of total mmboe have come from canada?
Answer: | 26.89076 |
FINQA2086 | Please answer the given financial question based on the context.
Context: disclosure of , the issuance of certain types of guarantees . the adoption of fasb interpretation no . 45 did not have a signif- icant impact on the net income or equity of the company . in january 2003 , fasb interpretation no . 46 , 201cconsolidation of variable interest entities , an interpretation of arb 51 , 201d was issued . the primary objectives of this interpretation , as amended , are to provide guidance on the identification and consolidation of variable interest entities , or vies , which are entities for which control is achieved through means other than through voting rights . the company has completed an analysis of this interpretation and has determined that it does not have any vies . 4 . acquisitions family health plan , inc . effective january 1 , 2004 , the company commenced opera- tions in ohio through the acquisition from family health plan , inc . of certain medicaid-related assets for a purchase price of approximately $ 6800 . the cost to acquire the medicaid-related assets will be allocated to the assets acquired and liabilities assumed according to estimated fair values . hmo blue texas effective august 1 , 2003 , the company acquired certain medicaid-related contract rights of hmo blue texas in the san antonio , texas market for $ 1045 . the purchase price was allocated to acquired contracts , which are being amor- tized on a straight-line basis over a period of five years , the expected period of benefit . group practice affiliates during 2003 , the company acquired a 100% ( 100 % ) ownership interest in group practice affiliates , llc , a behavioral healthcare services company ( 63.7% ( 63.7 % ) in march 2003 and 36.3% ( 36.3 % ) in august 2003 ) . the consolidated financial state- ments include the results of operations of gpa since march 1 , 2003 . the company paid $ 1800 for its purchase of gpa . the cost to acquire the ownership interest has been allocated to the assets acquired and liabilities assumed according to estimated fair values and is subject to adjustment when additional information concerning asset and liability valuations are finalized . the preliminary allocation has resulted in goodwill of approximately $ 3895 . the goodwill is not amortized and is not deductible for tax purposes . pro forma disclosures related to the acquisition have been excluded as immaterial . scriptassist in march 2003 , the company purchased contract and name rights of scriptassist , llc ( scriptassist ) , a medication com- pliance company . the purchase price of $ 563 was allocated to acquired contracts , which are being amortized on a straight-line basis over a period of five years , the expected period of benefit . the investor group who held membership interests in scriptassist included one of the company 2019s executive officers . university health plans , inc . on december 1 , 2002 , the company purchased 80% ( 80 % ) of the outstanding capital stock of university health plans , inc . ( uhp ) in new jersey . in october 2003 , the company exercised its option to purchase the remaining 20% ( 20 % ) of the outstanding capital stock . centene paid a total purchase price of $ 13258 . the results of operations for uhp are included in the consolidated financial statements since december 1 , 2002 . the acquisition of uhp resulted in identified intangible assets of $ 3800 , representing purchased contract rights and provider network . the intangibles are being amortized over a ten-year period . goodwill of $ 7940 is not amortized and is not deductible for tax purposes . changes during 2003 to the preliminary purchase price allocation primarily consisted of the purchase of the remaining 20% ( 20 % ) of the outstanding stock and the recognition of intangible assets and related deferred tax liabilities . the following unaudited pro forma information presents the results of operations of centene and subsidiaries as if the uhp acquisition described above had occurred as of january 1 , 2001 . these pro forma results may not necessar- ily reflect the actual results of operations that would have been achieved , nor are they necessarily indicative of future results of operations. .
||2002|2001|
|revenue|$ 567048|$ 395155|
|net earnings|25869|11573|
|diluted earnings per common share|1.48|1.00|
diluted earnings per common share 1.48 1.00 texas universities health plan in june 2002 , the company purchased schip contracts in three texas service areas . the cash purchase price of $ 595 was recorded as purchased contract rights , which are being amortized on a straight-line basis over five years , the expected period of benefit . bankers reserve in march 2002 , the company acquired bankers reserve life insurance company of wisconsin for a cash purchase price of $ 3527 . the company allocated the purchase price to net tangible and identifiable intangible assets based on their fair value . centene allocated $ 479 to identifiable intangible assets , representing the value assigned to acquired licenses , which are being amortized on a straight-line basis over a notes to consolidated financial statements ( continued ) centene corporation and subsidiaries .
Question: what was the percentage change in pro forma revenue from 2001 to 2002?
Answer: | 0.435 |
FINQA2087 | Please answer the given financial question based on the context.
Context: stock performance graph the following graph sets forth the cumulative total shareholder return on our series a common stock , series b common stock and series c common stock as compared with the cumulative total return of the companies listed in the standard and poor 2019s 500 stock index ( 201cs&p 500 index 201d ) and a peer group of companies comprised of cbs corporation class b common stock , news corporation class a common stock , scripps network interactive , inc. , time warner , inc. , viacom , inc . class b common stock and the walt disney company . the graph assumes $ 100 originally invested on september 18 , 2008 , the date upon which our common stock began trading , in each of our series a common stock , series b common stock and series c common stock , the s&p 500 index , and the stock of our peer group companies , including reinvestment of dividends , for the period september 18 , 2008 through december 31 , 2008 and the years ended december 31 , 2009 , 2010 , 2011 , and 2012 . december 31 , december 31 , december 31 , december 31 , december 31 .
||december 312008|december 312009|december 312010|december 312011|december 312012|
|disca|$ 102.53|$ 222.09|$ 301.96|$ 296.67|$ 459.67|
|discb|$ 78.53|$ 162.82|$ 225.95|$ 217.56|$ 327.11|
|disck|$ 83.69|$ 165.75|$ 229.31|$ 235.63|$ 365.63|
|s&p 500|$ 74.86|$ 92.42|$ 104.24|$ 104.23|$ 118.21|
|peer group|$ 68.79|$ 100.70|$ 121.35|$ 138.19|$ 190.58|
equity compensation plan information information regarding securities authorized for issuance under equity compensation plans will be set forth in our definitive proxy statement for our 2013 annual meeting of stockholders under the caption 201csecurities authorized for issuance under equity compensation plans , 201d which is incorporated herein by reference. .
Question: what was the 5 year average total return for the a and c series of stock?\\n\\n\\n
Answer: | 346.37 |
FINQA2088 | Please answer the given financial question based on the context.
Context: table of contents interest expense , net of capitalized interest increased $ 64 million , or 9.8% ( 9.8 % ) , to $ 710 million in 2013 from $ 646 million in 2012 primarily due to special charges of $ 92 million to recognize post-petition interest expense on unsecured obligations pursuant to the plan and penalty interest related to 10.5% ( 10.5 % ) secured notes and 7.50% ( 7.50 % ) senior secured notes . other nonoperating expense , net of $ 84 million in 2013 consists principally of net foreign currency losses of $ 55 million and early debt extinguishment charges of $ 48 million . other nonoperating income in 2012 consisted principally of a $ 280 million special credit related to the settlement of a commercial dispute partially offset by net foreign currency losses . reorganization items , net reorganization items refer to revenues , expenses ( including professional fees ) , realized gains and losses and provisions for losses that are realized or incurred as a direct result of the chapter 11 cases . the following table summarizes the components included in reorganization items , net on american 2019s consolidated statements of operations for the years ended december 31 , 2013 and 2012 ( in millions ) : .
||2013|2012|
|pension and postretirement benefits|$ 2014|$ -66 ( 66 )|
|labor-related deemed claim ( 1 )|1733|2014|
|aircraft and facility financing renegotiations and rejections ( 2 ) ( 3 )|320|1951|
|fair value of conversion discount ( 4 )|218|2014|
|professional fees|199|227|
|other|170|67|
|total reorganization items net|$ 2640|$ 2179|
( 1 ) in exchange for employees 2019 contributions to the successful reorganization , including agreeing to reductions in pay and benefits , american agreed in the plan to provide each employee group a deemed claim , which was used to provide a distribution of a portion of the equity of the reorganized entity to those employees . each employee group received a deemed claim amount based upon a portion of the value of cost savings provided by that group through reductions to pay and benefits as well as through certain work rule changes . the total value of this deemed claim was approximately $ 1.7 billion . ( 2 ) amounts include allowed claims ( claims approved by the bankruptcy court ) and estimated allowed claims relating to ( i ) the rejection or modification of financings related to aircraft and ( ii ) entry of orders treated as unsecured claims with respect to facility agreements supporting certain issuances of special facility revenue bonds . the debtors recorded an estimated claim associated with the rejection or modification of a financing or facility agreement when the applicable motion was filed with the bankruptcy court to reject or modify such financing or facility agreement and the debtors believed that it was probable the motion would be approved , and there was sufficient information to estimate the claim . see note 2 to american 2019s consolidated financial statements in part ii , item 8b for further information . ( 3 ) pursuant to the plan , the debtors agreed to allow certain post-petition unsecured claims on obligations . as a result , during the year ended december 31 , 2013 , american recorded reorganization charges to adjust estimated allowed claim amounts previously recorded on rejected special facility revenue bonds of $ 180 million , allowed general unsecured claims related to the 1990 and 1994 series of special facility revenue bonds that financed certain improvements at jfk , and rejected bonds that financed certain improvements at ord , which are included in the table above . ( 4 ) the plan allowed unsecured creditors receiving aag series a preferred stock a conversion discount of 3.5% ( 3.5 % ) . accordingly , american recorded the fair value of such discount upon the confirmation of the plan by the bankruptcy court. .
Question: by how much did total reorganization items net increase from 2012 to 2013?
Answer: | 0.21156 |
FINQA2089 | Please answer the given financial question based on the context.
Context: year ended december 31 , 2004 compared to year ended december 31 , 2003 the historical results of operations of pca for the years ended december 31 , 2004 and 2003 are set forth below : for the year ended december 31 , ( in millions ) 2004 2003 change .
|( in millions )|for the year ended december 31 , 2004|for the year ended december 31 , 2003|change|
|net sales|$ 1890.1|$ 1735.5|$ 154.6|
|income before interest and taxes|$ 140.5|$ 96.9|$ 43.6|
|interest expense net|-29.6 ( 29.6 )|-121.8 ( 121.8 )|92.2|
|income ( loss ) before taxes|110.9|-24.9 ( 24.9 )|135.8|
|( provision ) benefit for income taxes|-42.2 ( 42.2 )|10.5|-52.7 ( 52.7 )|
|net income ( loss )|$ 68.7|$ -14.4 ( 14.4 )|$ 83.1|
net sales net sales increased by $ 154.6 million , or 8.9% ( 8.9 % ) , for the year ended december 31 , 2004 from the year ended december 31 , 2003 . net sales increased due to improved sales volumes and prices of corrugated products and containerboard compared to 2003 . total corrugated products volume sold increased 6.6% ( 6.6 % ) to 29.9 billion square feet in 2004 compared to 28.1 billion square feet in 2003 . on a comparable shipment-per-workday basis , corrugated products sales volume increased 7.0% ( 7.0 % ) in 2004 from 2003 . excluding pca 2019s acquisition of acorn in february 2004 , corrugated products volume was 5.3% ( 5.3 % ) higher in 2004 than 2003 and up 5.8% ( 5.8 % ) compared to 2003 on a shipment-per-workday basis . shipments-per-workday is calculated by dividing our total corrugated products volume during the year by the number of workdays within the year . the larger percentage increase was due to the fact that 2004 had one less workday ( 251 days ) , those days not falling on a weekend or holiday , than 2003 ( 252 days ) . containerboard sales volume to external domestic and export customers increased 6.8% ( 6.8 % ) to 475000 tons for the year ended december 31 , 2004 from 445000 tons in 2003 . income before interest and taxes income before interest and taxes increased by $ 43.6 million , or 45.1% ( 45.1 % ) , for the year ended december 31 , 2004 compared to 2003 . included in income before interest and taxes for the year ended december 31 , 2004 is income of $ 27.8 million , net of expenses , attributable to a dividend paid to pca by stv , the timberlands joint venture in which pca owns a 311 20443% ( 20443 % ) ownership interest . included in income before interest and taxes for the year ended december 31 , 2003 is a $ 3.3 million charge for fees and expenses related to the company 2019s debt refinancing which was completed in july 2003 , and a fourth quarter charge of $ 16.0 million to settle certain benefits related matters with pactiv corporation dating back to april 12 , 1999 when pca became a stand-alone company , as described below . during the fourth quarter of 2003 , pactiv notified pca that we owed pactiv additional amounts for hourly pension benefits and workers 2019 compensation liabilities dating back to april 12 , 1999 . a settlement of $ 16.0 million was negotiated between pactiv and pca in december 2003 . the full amount of the settlement was accrued in the fourth quarter of 2003 . excluding these special items , operating income decreased $ 3.4 million in 2004 compared to 2003 . the $ 3.4 million decrease in income before interest and taxes was primarily attributable to increased energy and transportation costs ( $ 19.2 million ) , higher recycled and wood fiber costs ( $ 16.7 million ) , increased salary expenses related to annual increases and new hires ( $ 5.7 million ) , and increased contractual hourly labor costs ( $ 5.6 million ) , which was partially offset by increased sales volume and sales prices ( $ 44.3 million ) . .
Question: what were operating expenses in 2003?
Answer: | 1638.6 |
FINQA2090 | Please answer the given financial question based on the context.
Context: anticipated or possible short-term cash needs , prevailing interest rates , our investment policy and alternative investment choices . a majority of our cash and cash equivalents balance is invested in money market mutual funds that invest only in u.s . treasury securities or u.s . government agency securities . our exposure to risk is minimal given the nature of the investments . our practice is to have our pension plan 100% ( 100 % ) funded at each year end on a projected benefit obligation basis , while also satisfying any minimum required contribution and obtaining the maximum tax deduction . based on our actuarial projections , we estimate that a $ 14.1 million contribution in 2011 will allow us to meet our funding goal . however , the amount of the actual contribution is contingent on the actual rate of return on our plan assets during 2011 and the december 31 , 2011 discount rate . net current deferred tax assets of $ 18.3 million and $ 23.8 million are included in other current assets at december 31 , 2010 and 2009 , respectively . total net current deferred tax assets include unrealized losses , stock- based compensation and accrued expenses . net long-term deferred tax liabilities were $ 7.8 billion and $ 7.6 billion at december 31 , 2010 and 2009 , respectively . net deferred tax liabilities are principally the result of purchase accounting for intangible assets in our various mergers including cbot holdings and nymex holdings . we have a long-term deferred tax asset of $ 145.7 million included within our domestic long-term deferred tax liability . this deferred tax asset is for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa . as of december 31 , 2010 , we do not believe that we currently meet the more-likely-than-not threshold that would allow us to fully realize the value of the unrealized capital loss . as a result , a partial valuation allowance of $ 64.4 million has been provided for the amount of the unrealized capital loss that exceeds potential capital gains that could be used to offset the capital loss in future periods . we also have a long-term deferred tax asset related to brazilian taxes of $ 125.3 million for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa . a full valuation allowance of $ 125.3 million has been provided because we do not believe that we currently meet the more-likely-than-not threshold that would allow us to realize the value of the unrealized capital loss in brazil in the future . valuation allowances of $ 49.4 million have also been provided for additional unrealized capital losses on various other investments . net long-term deferred tax assets also include a $ 19.3 million deferred tax asset for foreign net operating losses related to swapstream . our assessment at december 31 , 2010 was that we did not currently meet the more-likely- than-not threshold that would allow us to realize the value of acquired and accumulated foreign net operating losses in the future . as a result , the $ 19.3 million deferred tax assets arising from these net operating losses have been fully reserved . each clearing firm is required to deposit and maintain specified performance bond collateral . performance bond requirements are determined by parameters established by the risk management department of the clearing house and may fluctuate over time . we accept a variety of collateral to satisfy performance bond requirements . cash performance bonds and guaranty fund contributions are included in our consolidated balance sheets . clearing firm deposits , other than those retained in the form of cash , are not included in our consolidated balance sheets . the balances in cash performance bonds and guaranty fund contributions may fluctuate significantly over time . cash performance bonds and guaranty fund contributions consisted of the following at december 31: .
|( in millions )|2010|2009|
|cash performance bonds|$ 3717.0|$ 5834.6|
|cash guaranty fund contributions|231.8|102.6|
|cross-margin arrangements|79.7|10.6|
|performance collateral for delivery|10.0|34.1|
|total|$ 4038.5|$ 5981.9|
.
Question: what was the ratio of net long-term deferred tax liabilities in 2010 compared to 2009
Answer: | 1.02632 |
FINQA2091 | Please answer the given financial question based on the context.
Context: hollyfrontier corporation notes to consolidated financial statements continued .
||( in thousands )|
|2018|$ 148716|
|2019|132547|
|2020|119639|
|2021|107400|
|2022|102884|
|thereafter|857454|
|total|$ 1468640|
transportation and storage costs incurred under these agreements totaled $ 140.5 million , $ 135.1 million and $ 137.7 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . these amounts do not include contractual commitments under our long-term transportation agreements with hep , as all transactions with hep are eliminated in these consolidated financial statements . we have a crude oil supply contract that requires the supplier to deliver a specified volume of crude oil or pay a shortfall fee for the difference in the actual barrels delivered to us less the specified barrels per the supply contract . for the contract year ended august 31 , 2017 , the actual number of barrels delivered to us was substantially less than the specified barrels , and we recorded a reduction to cost of goods sold and accumulated a shortfall fee receivable of $ 26.0 million during this period . in september 2017 , the supplier notified us they are disputing the shortfall fee owed and in october 2017 notified us of their demand for arbitration . we offset the receivable with payments of invoices for deliveries of crude oil received subsequent to august 31 , 2017 , which is permitted under the supply contract . we believe the disputes and claims made by the supplier are without merit . in march , 2006 , a subsidiary of ours sold the assets of montana refining company under an asset purchase agreement ( 201capa 201d ) . calumet montana refining llc , the current owner of the assets , has submitted requests for reimbursement of approximately $ 20.0 million pursuant to contractual indemnity provisions under the apa for various costs incurred , as well as additional claims related to environmental matters . we have rejected most of the claims for payment , and this matter is scheduled for arbitration beginning in july 2018 . we have accrued the costs we believe are owed pursuant to the apa , and we estimate that any reasonably possible losses beyond the amounts accrued are not material . note 20 : segment information effective fourth quarter of 2017 , we revised our reportable segments to align with certain changes in how our chief operating decision maker manages and allocates resources to our business . accordingly , our tulsa refineries 2019 lubricants operations , previously reported in the refining segment , are now combined with the operations of our petro-canada lubricants business ( acquired february 1 , 2017 ) and reported in the lubricants and specialty products segment . our prior period segment information has been retrospectively adjusted to reflect our current segment presentation . our operations are organized into three reportable segments , refining , lubricants and specialty products and hep . our operations that are not included in the refining , lubricants and specialty products and hep segments are included in corporate and other . intersegment transactions are eliminated in our consolidated financial statements and are included in eliminations . corporate and other and eliminations are aggregated and presented under corporate , other and eliminations column . the refining segment represents the operations of the el dorado , tulsa , navajo , cheyenne and woods cross refineries and hfc asphalt ( aggregated as a reportable segment ) . refining activities involve the purchase and refining of crude oil and wholesale and branded marketing of refined products , such as gasoline , diesel fuel and jet fuel . these petroleum products are primarily marketed in the mid-continent , southwest and rocky mountain regions of the united states . hfc asphalt operates various asphalt terminals in arizona , new mexico and oklahoma. .
Question: what percentage of total costs occurred after 2022?
Answer: | 0.58384 |
FINQA2092 | Please answer the given financial question based on the context.
Context: american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) other debt repurchases 2014during the year ended december 31 , 2004 , in addition to the redemptions discussed above , the company repurchased in privately negotiated transactions an aggregate of $ 309.7 million face amount of its ati 12.25% ( 12.25 % ) notes ( $ 179.4 million accreted value , net of $ 14.7 million fair value allocated to warrants ) for approximately $ 230.9 million in cash ; repurchased $ 112.1 million principal amount of its 93 20448% ( 20448 % ) notes for $ 118.9 million in cash ; and repurchased $ 73.7 million principal amount of its 5.0% ( 5.0 % ) notes for approximately $ 73.3 million in cash . as a consequence of these transactions , the company recorded an aggregate charge of $ 66.4 million related to the write-off of deferred financing fees and amounts paid in excess of carrying value . such loss is reflected in loss on retirement of long-term obligations in the accompanying condensed consolidated statement of operations for the year ended december 31 , 2004 . 2.25% ( 2.25 % ) convertible notes repurchases 2014during the year ended december 31 , 2003 , the company repurchased an aggregate of $ 215.0 million accreted value ( $ 269.8 million face value ) of its 2.25% ( 2.25 % ) notes in exchange for an aggregate of 8415984 shares of class a common stock and $ 166.4 million in cash , including $ 84.2 million accreted value ( $ 104.9 million face amount ) of 2.25% ( 2.25 % ) notes repurchased in the company 2019s cash tender offer in october 2003 . the shares issued to noteholders included an aggregate of 6440636 shares of class a common stock issued to such holders in addition to the amounts issuable upon conversion of those notes as provided in the applicable indentures . the company made these repurchases pursuant to negotiated transactions with a limited number of note holders . as a consequence of these transactions , the company recorded charges of approximately $ 41.4 million during the year ended december 31 , 2003 , which primarily represent the fair market value of the shares of stock issued to the note holders in excess of the number of shares originally issuable upon conversion of the notes , as well as cash paid in excess of the related debt retired . these charges are included in loss on retirement of long-term obligations in the accompanying consolidated statement of operations for the year ended december 31 , 2003 . capital lease obligations and notes payable 2014the company 2019s capital lease obligations and notes payable approximated $ 60.0 million and $ 58.7 million as of december 31 , 2004 and 2003 , respectively . these obligations bear interest at rates ranging from 7.9% ( 7.9 % ) to 12.0% ( 12.0 % ) and mature in periods ranging from less than one year to approximately seventy years . maturities 2014as of december 31 , 2004 , aggregate principal payments of long-term debt , including capital leases , for the next five years and thereafter are estimated to be ( in thousands ) : year ending december 31 .
|2005|$ 138386|
|2006|42498|
|2007|332241|
|2008|561852|
|2009|205402|
|thereafter|2206476|
|total cash obligations|3486855|
|accreted value of original issue discount of the ati 12.25% ( 12.25 % ) notes|-172909 ( 172909 )|
|accreted value of the related warrants|-21588 ( 21588 )|
|accreted value of the discount and premium of 3.00% ( 3.00 % ) notes and 7.125% ( 7.125 % ) notes|1256|
|balance as of december 31 2004|$ 3293614|
the holders of the company 2019s 5.0% ( 5.0 % ) notes have the right to require the company to repurchase their notes on specified dates prior to the maturity date in 2010 , but the company may pay the purchase price by issuing shares of class a common stock , subject to certain conditions . obligations with respect to the right of the holders to put the 5.0% ( 5.0 % ) notes have been included in the table above as if such notes mature the date on which the put rights become exercisable in 2007. .
Question: what percentage of total cash obligations are due in 2005?
Answer: | 0.03969 |
FINQA2093 | Please answer the given financial question based on the context.
Context: a reconciliation of the beginning and ending amount of unrecognized tax benefits , for the periods indicated , is as follows: .
|( dollars in thousands )|2010|2009|2008|
|balance at january 1|$ 29010|$ 34366|$ 29132|
|additions based on tax positions related to the current year|7119|6997|5234|
|additions for tax positions of prior years|-|-|-|
|reductions for tax positions of prior years|-|-|-|
|settlements with taxing authorities|-12356 ( 12356 )|-12353 ( 12353 )|-|
|lapses of applicable statutes of limitations|-|-|-|
|balance at december 31|$ 23773|$ 29010|$ 34366|
the entire amount of the unrecognized tax benefits would affect the effective tax rate if recognized . in 2010 , the company favorably settled a 2003 and 2004 irs audit . the company recorded a net overall tax benefit including accrued interest of $ 25920 thousand . in addition , the company was also able to take down a $ 12356 thousand fin 48 reserve that had been established regarding the 2003 and 2004 irs audit . the company is no longer subject to u.s . federal , state and local or foreign income tax examinations by tax authorities for years before 2007 . the company recognizes accrued interest related to net unrecognized tax benefits and penalties in income taxes . during the years ended december 31 , 2010 , 2009 and 2008 , the company accrued and recognized a net expense ( benefit ) of approximately $ ( 9938 ) thousand , $ 1563 thousand and $ 2446 thousand , respectively , in interest and penalties . included within the 2010 net expense ( benefit ) of $ ( 9938 ) thousand is $ ( 10591 ) thousand of accrued interest related to the 2003 and 2004 irs audit . the company is not aware of any positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly increase or decrease within twelve months of the reporting date . for u.s . income tax purposes the company has foreign tax credit carryforwards of $ 55026 thousand that begin to expire in 2014 . in addition , for u.s . income tax purposes the company has $ 41693 thousand of alternative minimum tax credits that do not expire . management believes that it is more likely than not that the company will realize the benefits of its net deferred tax assets and , accordingly , no valuation allowance has been recorded for the periods presented . tax benefits of $ 629 thousand and $ 1714 thousand related to share-based compensation deductions for stock options exercised in 2010 and 2009 , respectively , are included within additional paid-in capital of the shareholders 2019 equity section of the consolidated balance sheets. .
Question: between 2008 and 2010 what was the ratio of the company accrued and recognized a net benefit to expenses
Answer: | 2.47892 |
FINQA2094 | Please answer the given financial question based on the context.
Context: apple inc . | 2017 form 10-k | 20 company stock performance the following graph shows a comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 index , the s&p information technology index and the dow jones u.s . technology supersector index for the five years ended september 30 , 2017 . the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 index , the s&p information technology index and the dow jones u.s . technology supersector index as of the market close on september 28 , 2012 . note that historic stock price performance is not necessarily indicative of future stock price performance . * $ 100 invested on 9/28/12 in stock or index , including reinvestment of dividends . data points are the last day of each fiscal year for the company 2019s common stock and september 30th for indexes . copyright a9 2017 s&p , a division of mcgraw hill financial . all rights reserved . copyright a9 2017 dow jones & co . all rights reserved . september september september september september september .
||september2012|september2013|september2014|september2015|september2016|september2017|
|apple inc .|$ 100|$ 74|$ 111|$ 128|$ 129|$ 179|
|s&p 500 index|$ 100|$ 119|$ 143|$ 142|$ 164|$ 194|
|s&p information technology index|$ 100|$ 107|$ 138|$ 141|$ 173|$ 223|
|dow jones u.s . technology supersector index|$ 100|$ 105|$ 137|$ 137|$ 167|$ 214|
.
Question: what was the change in the apple stock return between 2016 and 2017?
Answer: | 50.0 |
FINQA2095 | Please answer the given financial question based on the context.
Context: eog resources , inc . supplemental information to consolidated financial statements ( continued ) capitalized costs relating to oil and gas producing activities . the following table sets forth the capitalized costs relating to eog's crude oil and natural gas producing activities at december 31 , 2018 and 2017: .
||2018|2017|
|proved properties|$ 53624809|$ 48845672|
|unproved properties|3705207|3710069|
|total|57330016|52555741|
|accumulated depreciation depletion and amortization|-31674085 ( 31674085 )|-29191247 ( 29191247 )|
|net capitalized costs|$ 25655931|$ 23364494|
costs incurred in oil and gas property acquisition , exploration and development activities . the acquisition , exploration and development costs disclosed in the following tables are in accordance with definitions in the extractive industries - oil and gas topic of the accounting standards codification ( asc ) . acquisition costs include costs incurred to purchase , lease or otherwise acquire property . exploration costs include additions to exploratory wells , including those in progress , and exploration expenses . development costs include additions to production facilities and equipment and additions to development wells , including those in progress. .
Question: what is the variation observed in the accumulated depreciation depletion and amortization between 2017 and 2018?
Answer: | 2482838.0 |
FINQA2096 | Please answer the given financial question based on the context.
Context: 2000 non-employee director stock option plan ( the 201cdirector stock option plan 201d ) , and the global payments inc . 2011 incentive plan ( the 201c2011 plan 201d ) ( collectively , the 201cplans 201d ) . we made no further grants under the 2000 plan after the 2005 plan was effective , and the director stock option plan expired by its terms on february 1 , 2011 . we will make no future grants under the 2000 plan , the 2005 plan or the director stock option plan . the 2011 plan permits grants of equity to employees , officers , directors and consultants . a total of 14.0 million shares of our common stock was reserved and made available for issuance pursuant to awards granted under the 2011 plan . the following table summarizes share-based compensation expense and the related income tax benefit recognized for our share-based awards and stock options ( in thousands ) : 2016 2015 2014 ( in thousands ) .
||2016|2015 ( in thousands )|2014|
|share-based compensation expense|$ 30809|$ 21056|$ 29793|
|income tax benefit|$ 9879|$ 6907|$ 7126|
we grant various share-based awards pursuant to the plans under what we refer to as our 201clong-term incentive plan . 201d the awards are held in escrow and released upon the grantee 2019s satisfaction of conditions of the award certificate . restricted stock restricted stock awards vest over a period of time , provided , however , that if the grantee is not employed by us on the vesting date , the shares are forfeited . restricted shares cannot be sold or transferred until they have vested . restricted stock granted before fiscal 2015 vests in equal installments on each of the first four anniversaries of the grant date . restricted stock granted during fiscal 2015 and thereafter either vest in equal installments on each of the first three anniversaries of the grant date or cliff vest at the end of a three-year service period . the grant date fair value of restricted stock , which is based on the quoted market value of our common stock at the closing of the award date , is recognized as share-based compensation expense on a straight-line basis over the vesting period . performance units certain of our executives have been granted performance units under our long-term incentive plan . performance units are performance-based restricted stock units that , after a performance period , convert into common shares , which may be restricted . the number of shares is dependent upon the achievement of certain performance measures during the performance period . the target number of performance units and any market-based performance measures ( 201cat threshold , 201d 201ctarget , 201d and 201cmaximum 201d ) are set by the compensation committee of our board of directors . performance units are converted only after the compensation committee certifies performance based on pre-established goals . the performance units granted to certain executives in fiscal 2014 were based on a one-year performance period . after the compensation committee certified the performance results , 25% ( 25 % ) of the performance units converted to unrestricted shares . the remaining 75% ( 75 % ) converted to restricted shares that vest in equal installments on each of the first three anniversaries of the conversion date . the performance units granted to certain executives during fiscal 2015 and fiscal 2016 were based on a three-year performance period . after the compensation committee certifies the performance results for the three-year period , performance units earned will convert into unrestricted common stock . the compensation committee may set a range of possible performance-based outcomes for performance units . depending on the achievement of the performance measures , the grantee may earn up to 200% ( 200 % ) of the target number of shares . for awards with only performance conditions , we recognize compensation expense on a straight-line basis over the performance period using the grant date fair value of the award , which is based on the number of shares expected to be earned according to the level of achievement of performance goals . if the number of shares expected to be earned were to change at any time during the performance period , we would make a cumulative adjustment to share-based compensation expense based on the revised number of shares expected to be earned . global payments inc . | 2016 form 10-k annual report 2013 83 .
Question: how much percent did the income tax benefit increase from 2014 to 2016?
Answer: | 0.38633 |
FINQA2097 | Please answer the given financial question based on the context.
Context: holders of grupo gondi manage the joint venture and we provide technical and commercial resources . we believe the joint venture is helping us to grow our presence in the attractive mexican market . we have included the financial results of the joint venture in our corrugated packaging segment since the date of formation . we are accounting for the investment on the equity method . on january 19 , 2016 , we completed the packaging acquisition . the entities acquired provide value-added folding carton and litho-laminated display packaging solutions . we believe the transaction has provided us with attractive and complementary customers , markets and facilities . we have included the financial results of the acquired entities in our consumer packaging segment since the date of the acquisition . on october 1 , 2015 , we completed the sp fiber acquisition . the transaction included the acquisition of mills located in dublin , ga and newberg , or , which produce lightweight recycled containerboard and kraft and bag paper . the newberg mill also produced newsprint . as part of the transaction , we also acquired sp fiber's 48% ( 48 % ) interest in green power solutions of georgia , llc ( fffdgps fffd ) , which we consolidate . gps is a joint venture providing steam to the dublin mill and electricity to georgia power . subsequent to the transaction , we announced the permanent closure of the newberg mill due to the decline in market conditions of the newsprint business and our need to balance supply and demand in our containerboard system . we have included the financial results of the acquired entities in our corrugated packaging segment since the date of the acquisition . see fffdnote 2 . mergers , acquisitions and investment fffdtt of the notes to consolidated financial statements for additional information . see also item 1a . fffdrisk factors fffd fffdwe may be unsuccessful in making and integrating mergers , acquisitions and investments and completing divestitures fffd . business .
|( in millions )|year ended september 30 , 2018|year ended september 30 , 2017|year ended september 30 , 2016|
|net sales|$ 16285.1|$ 14859.7|$ 14171.8|
|segment income|$ 1685.0|$ 1193.5|$ 1226.2|
in fiscal 2018 , we continued to pursue our strategy of offering differentiated paper and packaging solutions that help our customers win . we successfully executed this strategy in fiscal 2018 in a rapidly changing cost and price environment . net sales of $ 16285.1 million for fiscal 2018 increased $ 1425.4 million , or 9.6% ( 9.6 % ) , compared to fiscal 2017 . the increase was primarily a result of an increase in corrugated packaging segment sales , driven by higher selling price/mix and the contributions from acquisitions , and increased consumer packaging segment sales , primarily due to the contribution from acquisitions ( primarily the mps acquisition ) . these increases were partially offset by the absence of net sales from hh&b in fiscal 2018 due to the sale of hh&b in april 2017 and lower land and development segment sales compared to the prior year period due to the timing of real estate sales as we monetize the portfolio and lower merchandising display sales in the consumer packaging segment . segment income increased $ 491.5 million in fiscal 2018 compared to fiscal 2017 , primarily due to increased corrugated packaging segment income . with respect to segment income , we experienced higher levels of cost inflation during fiscal 2018 as compared to fiscal 2017 , which was partially offset by recycled fiber deflation . the primary inflationary items were freight costs , chemical costs , virgin fiber costs and wage and other costs . productivity improvements in fiscal 2018 more than offset the net impact of cost inflation . while it is difficult to predict specific inflationary items , we expect higher cost inflation to continue through fiscal 2019 . our corrugated packaging segment increased its net sales by $ 695.1 million in fiscal 2018 to $ 9103.4 million from $ 8408.3 million in fiscal 2017 . the increase in net sales was primarily due to higher corrugated selling price/mix and higher corrugated volumes ( including acquisitions ) , which were partially offset by lower net sales from recycling operations due to lower recycled fiber costs , lower sales related to the deconsolidation of a foreign joint venture in fiscal 2017 and the impact of foreign currency . north american box shipments increased 4.1% ( 4.1 % ) on a per day basis in fiscal 2018 compared to fiscal 2017 . segment income attributable to the corrugated packaging segment in fiscal 2018 increased $ 454.0 million to $ 1207.9 million compared to $ 753.9 million in fiscal 2017 . the increase was primarily due to higher selling price/mix , lower recycled fiber costs and productivity improvements which were partially offset by higher levels of cost inflation and other items , including increased depreciation and amortization . our consumer packaging segment increased its net sales by $ 838.9 million in fiscal 2018 to $ 7291.4 million from $ 6452.5 million in fiscal 2017 . the increase in net sales was primarily due to an increase in net sales from acquisitions ( primarily the mps acquisition ) and higher selling price/mix partially offset by the absence of net sales from hh&b in fiscal 2018 due to the hh&b sale in april 2017 and lower volumes . segment income attributable to .
Question: what was the percentage growth in the consumer packaging segment net sales in 2018 from 2017 by $ million in fiscal 2018 to $ 7291.4 million from $ million in fiscal 2017 .
Answer: | 0.13001 |
FINQA2098 | Please answer the given financial question based on the context.
Context: visa inc . notes to consolidated financial statements 2014 ( continued ) september 30 , 2008 ( in millions , except as noted ) require the company to redeem all class c ( series ii ) common stock at any time after december 4 , 2008 . therefore , in march 2008 , the company reclassified all class c ( series ii ) common stock at its then fair value of $ 1.125 billion to temporary equity on the company 2019s consolidated balance sheet with a corresponding reduction in additional paid-in-capital of $ 1.104 billion and accumulated income ( deficit ) of $ 21 million . the company accreted this stock to its redemption price of $ 1.146 billion , adjusted for dividends and certain other adjustments , on a straight-line basis , from march 2008 to october 2008 through accumulated income . see note 4 2014visa europe for a roll-forward of the balance of class c ( series ii ) common stock . the following table sets forth the number of shares of common stock issued and outstanding by class at september 30 , 2008 and the impact of the october 2008 redemptions and subsequent conversion of the remaining outstanding shares of class c ( series iii and series iv ) to class c ( series i ) shares and the number of shares of common stock issued and outstanding after the october 2008 redemptions in total and on as converted basis : shares issued and outstanding september 30 , october 2008 redemptions conversion to class c ( series i ) following immediate conversion to class c ( series i ) converted post october redemptions .
|shares issued and outstanding|at september 30 2008|october 2008 redemptions|conversion to class c ( series i )|following immediate conversion to class c ( series i )|as converted post october 2008 redemptions|
|class a common stock|447746261|2014|2014|447746261|447746261|
|class b common stock ( 1 )|245513385|2014|2014|245513385|175367482|
|class c ( series i ) common stock|124097105|2014|27499203|151596308|151596308|
|class c ( series ii ) common stock|79748857|-79748857 ( 79748857 )|2014|2014|2014|
|class c ( series iii ) common stock|62213201|-35263585 ( 35263585 )|-26949616 ( 26949616 )|2014|2014|
|class c ( series iv ) common stock|549587|2014|-549587 ( 549587 )|2014|2014|
|total shares issued and outstanding|959868396|-115012442 ( 115012442 )|2014|844855954|774710051|
( 1 ) all voting and dividend payment rights are based on the number of shares held multiplied by the applicable conversion rate in effect on the record date , as discussed below . subsequent to the ipo and as a result of the initial funding of the litigation escrow account , the conversion rate applicable to class b common stock was approximately 0.71 shares of class a common stock for each share of class b common stock . special ipo cash and stock dividends received from cost method investees , net of tax several of the company 2019s cost method investees are also holders of class c ( series i ) common stock and therefore participated in the initial share redemption in march 2008 . certain of these investees elected to declare a special cash dividend to return to their owners on a pro rata basis , the proceeds received as a result of the redemption of a portion of their class c ( series i ) common stock . the dividends represent the return of redemption proceeds . as a result of the company 2019s ownership interest in these cost method investees , the company received approximately $ 21 million of special dividends from these investees during the third fiscal quarter and recorded a receivable of $ 8 million in prepaid and other assets on its consolidated balance sheet at september 30 , 2008 for a dividend declared by these investees during the fourth fiscal quarter . in addition , another investee elected to distribute its entire ownership in the company 2019s class c ( series i ) common stock through the distribution of these shares to its investors on a pro rata basis . as a result , the company received 525443 shares of its own class c ( series i ) common stock during the fourth fiscal quarter and recorded $ 35 million in treasury stock . the value of the treasury stock was calculated based on sales prices of other recent class c ( series i ) stock transactions by other class c .
Question: what portion of the total shares issued and outstanding are class b common stock?
Answer: | 0.25578 |
FINQA2099 | Please answer the given financial question based on the context.
Context: ( c ) includes the effects of items not considered in the assessment of the operating performance of our business segments which increased operating profit by $ 230 million , $ 150 million after tax ( $ 0.34 per share ) . also includes expenses of $ 16 million , $ 11 million after tax ( $ 0.03 per share ) for a debt exchange , and a reduction in income tax expense of $ 62 million ( $ 0.14 per share ) resulting from a tax benefit related to claims we filed for additional extraterritorial income exclusion ( eti ) tax benefits . on a combined basis , these items increased earnings by $ 201 million after tax ( $ 0.45 per share ) . ( d ) includes the effects of items not considered in the assessment of the operating performance of our business segments which , on a combined basis , increased operating profit by $ 173 million , $ 113 million after tax ( $ 0.25 per share ) . ( e ) includes the effects of items not considered in the assessment of the operating performance of our business segments which decreased operating profit by $ 61 million , $ 54 million after tax ( $ 0.12 per share ) . also includes a charge of $ 154 million , $ 100 million after tax ( $ 0.22 per share ) for the early repayment of debt , and a reduction in income tax expense resulting from the closure of an internal revenue service examination of $ 144 million ( $ 0.32 per share ) . on a combined basis , these items reduced earnings by $ 10 million after tax ( $ 0.02 per share ) . ( f ) includes the effects of items not considered in the assessment of the operating performance of our business segments which , on a combined basis , decreased operating profit by $ 7 million , $ 6 million after tax ( $ 0.01 per share ) . also includes a charge of $ 146 million , $ 96 million after tax ( $ 0.21 per share ) for the early repayment of debt . ( g ) we define return on invested capital ( roic ) as net earnings plus after-tax interest expense divided by average invested capital ( stockholders 2019 equity plus debt ) , after adjusting stockholders 2019 equity by adding back adjustments related to postretirement benefit plans . we believe that reporting roic provides investors with greater visibility into how effectively we use the capital invested in our operations . we use roic to evaluate multi-year investment decisions and as a long-term performance measure , and also use it as a factor in evaluating management performance under certain of our incentive compensation plans . roic is not a measure of financial performance under generally accepted accounting principles , and may not be defined and calculated by other companies in the same manner . roic should not be considered in isolation or as an alternative to net earnings as an indicator of performance . we calculate roic as follows : ( in millions ) 2007 2006 2005 2004 2003 .
|( in millions )|2007|2006|2005|2004|2003|
|net earnings|$ 3033|$ 2529|$ 1825|$ 1266|$ 1053|
|interest expense ( multiplied by 65% ( 65 % ) ) 1|229|235|241|276|317|
|return|$ 3262|$ 2764|$ 2066|$ 1542|$ 1370|
|average debt2 5|$ 4416|$ 4727|$ 5077|$ 5932|$ 6612|
|average equity3 5|7661|7686|7590|7015|6170|
|average benefit plan adjustments3 4 5|3171|2006|1545|1296|1504|
|average invested capital|$ 15248|$ 14419|$ 14212|$ 14243|$ 14286|
|return on invested capital|21.4% ( 21.4 % )|19.2% ( 19.2 % )|14.5% ( 14.5 % )|10.8% ( 10.8 % )|9.6% ( 9.6 % )|
1 represents after-tax interest expense utilizing the federal statutory rate of 35% ( 35 % ) . 2 debt consists of long-term debt , including current maturities of long-term debt , and short-term borrowings ( if any ) . 3 equity includes non-cash adjustments , primarily for unrecognized benefit plan actuarial losses and prior service costs in 2007 and 2006 , the adjustment for the adoption of fas 158 in 2006 , and the additional minimum pension liability in years prior to 2007 . 4 average benefit plan adjustments reflect the cumulative value of entries identified in our statement of stockholders equity under the captions 201cpostretirement benefit plans , 201d 201cadjustment for adoption of fas 158 201d and 201cminimum pension liability . 201d the total of annual benefit plan adjustments to equity were : 2007 = $ 1706 million ; 2006 = ( $ 1883 ) million ; 2005 = ( $ 105 ) million ; 2004 = ( $ 285 ) million ; 2003 = $ 331 million ; 2002 = ( $ 1537 million ) ; and 2001 = ( $ 33 million ) . as these entries are recorded in the fourth quarter , the value added back to our average equity in a given year is the cumulative impact of all prior year entries plus 20% ( 20 % ) of the current year entry value . 5 yearly averages are calculated using balances at the start of the year and at the end of each quarter. .
Question: what was the average return on invested capital from 2003 to 2007?
Answer: | 0.151 |
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