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FINQA2100 | Please answer the given financial question based on the context.
Context: va health care delivery system through our network of providers . we are compensated by the va for the cost of our providers 2019 services at a specified contractual amount per service plus an additional administrative fee for each transaction . the contract , under which we began providing services on january 1 , 2008 , is comprised of one base period and four one-year option periods subject to renewals at the federal government 2019s option . we are currently in the first option period , which expires on september 30 , 2009 . for the year ended december 31 , 2008 , revenues under this va contract were approximately $ 22.7 million , or less than 1% ( 1 % ) of our total premium and aso fees . for the year ended december 31 , 2008 , military services premium revenues were approximately $ 3.2 billion , or 11.3% ( 11.3 % ) of our total premiums and aso fees , and military services aso fees totaled $ 76.8 million , or 0.3% ( 0.3 % ) of our total premiums and aso fees . international and green ribbon health operations in august 2006 , we established our subsidiary humana europe in the united kingdom to provide commissioning support to primary care trusts , or pcts , in england . under the contracts we are awarded , we work in partnership with local pcts , health care providers , and patients to strengthen health-service delivery and to implement strategies at a local level to help the national health service enhance patient experience , improve clinical outcomes , and reduce costs . for the year ended december 31 , 2008 , revenues under these contracts were approximately $ 7.7 million , or less than 1% ( 1 % ) of our total premium and aso fees . we participated in a medicare health support pilot program through green ribbon health , or grh , a joint- venture company with pfizer health solutions inc . grh was designed to support cms assigned medicare beneficiaries living with diabetes and/or congestive heart failure in central florida . grh used disease management initiatives , including evidence-based clinical guidelines , personal self-directed change strategies , and personal nurses to help participants navigate the health system . revenues under the contract with cms over the period which began november 1 , 2005 and ended august 15 , 2008 are subject to refund unless savings , satisfaction , and clinical improvement targets are met . under the terms of the contract , after a claims run-out period , cms is required to deliver a performance report during the third quarter of 2009 . to date , all revenues have been deferred until reliable estimates are determinable , and revenues are not expected to be material when recognized . our products marketed to commercial segment employers and members smart plans and other consumer products over the last several years , we have developed and offered various commercial products designed to provide options and choices to employers that are annually facing substantial premium increases driven by double-digit medical cost inflation . these smart plans , discussed more fully below , and other consumer offerings , which can be offered on either a fully-insured or aso basis , provided coverage to approximately 670000 members at december 31 , 2008 , representing approximately 18.5% ( 18.5 % ) of our total commercial medical membership as detailed below . smart plans and other consumer membership other commercial membership commercial medical membership .
||smart plans and other consumer membership|other commercial membership|commercial medical membership|
|fully-insured|392500|1586300|1978800|
|aso|277500|1364500|1642000|
|total commercial medical|670000|2950800|3620800|
these products are often offered to employer groups as 201cbundles 201d , where the subscribers are offered various hmo and ppo options , with various employer contribution strategies as determined by the employer. .
Question: at december 31 , 2008 what was the percent of the fully-insured to the total commercial medical smart plans and other consumer membership
Answer: | 0.58582 |
FINQA2101 | Please answer the given financial question based on the context.
Context: acquisition date ) . realex is a leading european online payment gateway technology provider . this acquisition furthered our strategy to provide omnichannel solutions that combine gateway services , payment service provisioning and payment technology services across europe . this transaction was accounted for as a business combination . we recorded the assets acquired , liabilities assumed and noncontrolling interest at their estimated fair values as of the acquisition date . on october 5 , 2015 , we paid 20ac6.7 million ( $ 7.5 million equivalent as of october 5 , 2015 ) to acquire the remaining shares of realex , after which we own 100% ( 100 % ) of the outstanding shares . the estimated acquisition date fair values of the assets acquired , liabilities assumed and the noncontrolling interest , including a reconciliation to the total purchase consideration , are as follows ( in thousands ) : .
|cash|$ 4082|
|customer-related intangible assets|16079|
|acquired technology|39820|
|trade name|3453|
|other intangible assets|399|
|other assets|6213|
|liabilities|-3479 ( 3479 )|
|deferred income tax liabilities|-7216 ( 7216 )|
|total identifiable net assets|59351|
|goodwill|66809|
|noncontrolling interest|-7280 ( 7280 )|
|total purchase consideration|$ 118880|
goodwill of $ 66.8 million arising from the acquisition , included in the europe segment , was attributable to expected growth opportunities in europe , potential synergies from combining our existing business with gateway services and payment service provisioning in certain markets and an assembled workforce to support the newly acquired technology . goodwill associated with this acquisition is not deductible for income tax purposes . the customer-related intangible assets have an estimated amortization period of 16 years . the acquired technology has an estimated amortization of 10 years . the trade name has an estimated amortization period of 7 years . ezidebit on october 10 , 2014 , we completed the acquisition of 100% ( 100 % ) of the outstanding stock of ezi holdings pty ltd ( 201cezidebit 201d ) for aud302.6 million in cash ( $ 266.0 million equivalent as of the acquisition date ) . this acquisition was funded by a combination of cash on hand and borrowings on our revolving credit facility . ezidebit is a leading integrated payments company focused on recurring payments verticals in australia and new zealand . the acquisition of ezidebit further enhanced our existing integrated solutions offerings . this transaction was accounted for as a business combination . we recorded the assets acquired and liabilities assumed at their estimated fair values as of the acquisition date . 76 2013 global payments inc . | 2017 form 10-k annual report .
Question: what percentage of the total purchase consideration did the trade name represent?
Answer: | 0.02905 |
FINQA2102 | Please answer the given financial question based on the context.
Context: 58 2016 annual report note 12 . business acquisition bayside business solutions , inc . effective july 1 , 2015 , the company acquired all of the equity interests of bayside business solutions , an alabama-based company that provides technology solutions and payment processing services primarily for the financial services industry , for $ 10000 paid in cash . this acquisition was funded using existing operating cash . the acquisition of bayside business solutions expanded the company 2019s presence in commercial lending within the industry . management has completed a purchase price allocation of bayside business solutions and its assessment of the fair value of acquired assets and liabilities assumed . the recognized amounts of identifiable assets acquired and liabilities assumed , based upon their fair values as of july 1 , 2015 are set forth below: .
|current assets|$ 1922|
|long-term assets|253|
|identifiable intangible assets|5005|
|total liabilities assumed|-3279 ( 3279 )|
|total identifiable net assets|3901|
|goodwill|6099|
|net assets acquired|$ 10000|
the goodwill of $ 6099 arising from this acquisition consists largely of the growth potential , synergies and economies of scale expected from combining the operations of the company with those of bayside business solutions , together with the value of bayside business solutions 2019 assembled workforce . goodwill from this acquisition has been allocated to our banking systems and services segment . the goodwill is not expected to be deductible for income tax purposes . identifiable intangible assets from this acquisition consist of customer relationships of $ 3402 , $ 659 of computer software and other intangible assets of $ 944 . the weighted average amortization period for acquired customer relationships , acquired computer software , and other intangible assets is 15 years , 5 years , and 20 years , respectively . current assets were inclusive of cash acquired of $ 1725 . the fair value of current assets acquired included accounts receivable of $ 178 . the gross amount of receivables was $ 178 , none of which was expected to be uncollectible . during fiscal year 2016 , the company incurred $ 55 in costs related to the acquisition of bayside business solutions . these costs included fees for legal , valuation and other fees . these costs were included within general and administrative expenses . the results of bayside business solutions 2019 operations included in the company 2019s consolidated statement of income for the twelve months ended june 30 , 2016 included revenue of $ 4273 and after-tax net income of $ 303 . the accompanying consolidated statements of income for the fiscal year ended june 30 , 2016 do not include any revenues and expenses related to this acquisition prior to the acquisition date . the impact of this acquisition was considered immaterial to both the current and prior periods of our consolidated financial statements and pro forma financial information has not been provided . banno , llc effective march 1 , 2014 , the company acquired all of the equity interests of banno , an iowa-based company that provides web and transaction marketing services with a focus on the mobile medium , for $ 27910 paid in cash . this acquisition was funded using existing operating cash . the acquisition of banno expanded the company 2019s presence in online and mobile technologies within the industry . during fiscal year 2014 , the company incurred $ 30 in costs related to the acquisition of banno . these costs included fees for legal , valuation and other fees . these costs were included within general and administrative expenses . the results of banno's operations included in the company's consolidated statements of income for the year ended june 30 , 2016 included revenue of $ 6393 and after-tax net loss of $ 1289 . for the year ended june 30 , 2015 , our consolidated statements of income included revenue of $ 4175 and after-tax net loss of $ 1784 attributable to banno . the results of banno 2019s operations included in the company 2019s consolidated statement of operations from the acquisition date to june 30 , 2014 included revenue of $ 848 and after-tax net loss of $ 1121 . the accompanying consolidated statements of income for the twelve month period ended june 30 , 2016 do not include any revenues and expenses related to this acquisition prior to the acquisition date . the impact of this acquisition was considered immaterial to both the current and prior periods of our consolidated financial statements and pro forma financial information has not been provided. .
Question: were current assets acquired greater than long-term assets?
Answer: | yes |
FINQA2103 | Please answer the given financial question based on the context.
Context: guarantees to third parties . we have , however , issued guar- antees and comfort letters of $ 171 million for the debt and other obligations of unconsolidated affiliates , primarily for cpw . in addition , off-balance sheet arrangements are gener- ally limited to the future payments under noncancelable operating leases , which totaled $ 408 million at may 28 , at may 28 , 2006 , we had invested in four variable interest entities ( vies ) . we are the primary beneficiary ( pb ) of general mills capital , inc . ( gm capital ) , a subsidiary that we consolidate as set forth in note eight to the consoli- dated financial statements appearing on pages 43 and 44 in item eight of this report . we also have an interest in a contract manufacturer at our former facility in geneva , illi- nois . even though we are the pb , we have not consolidated this entity because it is not material to our results of oper- ations , financial condition , or liquidity at may 28 , 2006 . this entity had property and equipment of $ 50 million and long-term debt of $ 50 million at may 28 , 2006 . we are not the pb of the remaining two vies . our maximum exposure to loss from these vies is limited to the $ 150 million minority interest in gm capital , the contract manufactur- er 2019s debt and our $ 6 million of equity investments in the two remaining vies . the following table summarizes our future estimated cash payments under existing contractual obligations , including payments due by period . the majority of the purchase obligations represent commitments for raw mate- rial and packaging to be utilized in the normal course of business and for consumer-directed marketing commit- ments that support our brands . the net fair value of our interest rate and equity swaps was $ 159 million at may 28 , 2006 , based on market values as of that date . future changes in market values will impact the amount of cash ultimately paid or received to settle those instruments in the future . other long-term obligations primarily consist of income taxes , accrued compensation and benefits , and miscella- neous liabilities . we are unable to estimate the timing of the payments for these items . we do not have significant statutory or contractual funding requirements for our defined-benefit retirement and other postretirement benefit plans . further information on these plans , including our expected contributions for fiscal 2007 , is set forth in note thirteen to the consolidated financial statements appearing on pages 47 through 50 in item eight of this report . in millions , payments due by fiscal year total 2007 2008-09 2010-11 2012 and thereafter .
|in millionspayments dueby fiscal year|total|2007|2008-09|2010-11|2012 andthereafter|
|long-term debt|$ 4546|$ 2131|$ 971|$ 55|$ 1389|
|accrued interest|152|152|2013|2013|2013|
|operating leases|408|92|142|89|85|
|purchaseobligations|2351|2068|144|75|64|
|total|$ 7457|$ 4443|$ 1257|$ 219|$ 1538|
significant accounting estimates for a complete description of our significant accounting policies , please see note one to the consolidated financial statements appearing on pages 35 through 37 in item eight of this report . our significant accounting estimates are those that have meaningful impact on the reporting of our financial condition and results of operations . these poli- cies include our accounting for trade and consumer promotion activities ; goodwill and other intangible asset impairments ; income taxes ; and pension and other postretirement benefits . trade and consumer promotion activities we report sales net of certain coupon and trade promotion costs . the consumer coupon costs recorded as a reduction of sales are based on the estimated redemption value of those coupons , as determined by historical patterns of coupon redemption and consideration of current market conditions such as competitive activity in those product categories . the trade promotion costs include payments to customers to perform merchandising activities on our behalf , such as advertising or in-store displays , discounts to our list prices to lower retail shelf prices , and payments to gain distribution of new products . the cost of these activi- ties is recognized as the related revenue is recorded , which generally precedes the actual cash expenditure . the recog- nition of these costs requires estimation of customer participation and performance levels . these estimates are made based on the quantity of customer sales , the timing and forecasted costs of promotional activities , and other factors . differences between estimated expenses and actual costs are normally insignificant and are recognized as a change in management estimate in a subsequent period . our accrued trade and consumer promotion liability was $ 339 million as of may 28 , 2006 , and $ 283 million as of may 29 , 2005 . our unit volume in the last week of each quarter is consis- tently higher than the average for the preceding weeks of the quarter . in comparison to the average daily shipments in the first 12 weeks of a quarter , the final week of each quarter has approximately two to four days 2019 worth of incre- mental shipments ( based on a five-day week ) , reflecting increased promotional activity at the end of the quarter . this increased activity includes promotions to assure that our customers have sufficient inventory on hand to support major marketing events or increased seasonal demand early in the next quarter , as well as promotions intended to help achieve interim unit volume targets . if , due to quarter-end promotions or other reasons , our customers purchase more product in any reporting period than end-consumer demand will require in future periods , our sales level in future reporting periods could be adversely affected. .
Question: what was the percentage change in our accrued trade and consumer promotion liability from 2005 to 2006
Answer: | 0.19788 |
FINQA2104 | Please answer the given financial question based on the context.
Context: obligations of non-consolidated affiliates , mainly cpw . in addition , off-balance sheet arrangements are generally limited to the future payments under non-cancelable operating leases , which totaled $ 559 million as of may 27 , as of may 27 , 2018 , we had invested in five variable interest entities ( vies ) . none of our vies are material to our results of operations , financial condition , or liquidity as of and for the fiscal year ended may 27 , 2018 . our defined benefit plans in the united states are subject to the requirements of the pension protection act ( ppa ) . in the future , the ppa may require us to make additional contributions to our domestic plans . we do not expect to be required to make any contributions in fiscal 2019 . the following table summarizes our future estimated cash payments under existing contractual obligations , including payments due by period: .
|in millions|payments due by fiscal year total|payments due by fiscal year 2019|payments due by fiscal year 2020 -21|payments due by fiscal year 2022 -23|payments due by fiscal year 2024 and thereafter|
|long-term debt ( a )|$ 14354.0|$ 1599.8|$ 3122.6|$ 2315.5|$ 7316.1|
|accrued interest|107.7|107.7|-|-|-|
|operating leases ( b )|559.3|137.4|208.0|122.7|91.2|
|capital leases|0.5|0.3|0.2|-|-|
|purchase obligations ( c )|3417.0|2646.9|728.8|39.8|1.5|
|total contractual obligations|18438.5|4492.1|4059.6|2478.0|7408.8|
|other long-term obligations ( d )|1199.0|-|-|-|-|
|total long-term obligations|$ 19637.5|$ 4492.1|$ 4059.6|$ 2478.0|$ 7408.8|
( a ) amounts represent the expected cash payments of our long-term debt and do not include $ 0.5 million for capital leases or $ 85.7 million for net unamortized debt issuance costs , premiums and discounts , and fair value adjustments . ( b ) operating leases represents the minimum rental commitments under non-cancelable operating leases . ( c ) the majority of the purchase obligations represent commitments for raw material and packaging to be utilized in the normal course of business and for consumer marketing spending commitments that support our brands . for purposes of this table , arrangements are considered purchase obligations if a contract specifies all significant terms , including fixed or minimum quantities to be purchased , a pricing structure , and approximate timing of the transaction . most arrangements are cancelable without a significant penalty and with short notice ( usually 30 days ) . any amounts reflected on the consolidated balance sheets as accounts payable and accrued liabilities are excluded from the table above . ( d ) the fair value of our foreign exchange , equity , commodity , and grain derivative contracts with a payable position to the counterparty was $ 16 million as of may 27 , 2018 , based on fair market values as of that date . future changes in market values will impact the amount of cash ultimately paid or received to settle those instruments in the future . other long-term obligations mainly consist of liabilities for accrued compensation and benefits , including the underfunded status of certain of our defined benefit pension , other postretirement benefit , and postemployment benefit plans , and miscellaneous liabilities . we expect to pay $ 20 million of benefits from our unfunded postemployment benefit plans and $ 18 million of deferred compensation in fiscal 2019 . we are unable to reliably estimate the amount of these payments beyond fiscal 2019 . as of may 27 , 2018 , our total liability for uncertain tax positions and accrued interest and penalties was $ 223.6 million . significant accounting estimates for a complete description of our significant accounting policies , please see note 2 to the consolidated financial statements in item 8 of this report . our significant accounting estimates are those that have a meaningful impact .
Question: what portion of the total long-term obligations are due by the fiscal year 2019?
Answer: | 0.22875 |
FINQA2105 | Please answer the given financial question based on the context.
Context: other expense , net : the company's other expense consists of the following: .
|( in thousands )|year ended december 31 , 2013|year ended december 31 , 2012|
|foreign currency losses net|$ -1115 ( 1115 )|$ -1401 ( 1401 )|
|other income ( expense ) net|69|-4 ( 4 )|
|total other expense net|$ -1046 ( 1046 )|$ -1405 ( 1405 )|
income tax provision : the company recorded income tax expense of $ 77.2 million and had income before income taxes of $ 322.5 million for the year ended december 31 , 2013 , representing an effective tax rate of 23.9% ( 23.9 % ) . during the year ended december 31 , 2012 , the company recorded income tax expense of $ 90.1 million and had income before income taxes of $ 293.5 million , representing an effective tax rate of 30.7% ( 30.7 % ) . in december 2013 , the company received notice from the irs that the joint committee on taxation took no exception to the company's tax returns that were filed for 2009 and 2010 . an $ 11.0 million tax benefit was recognized in the company's 2013 financial results as the company had effectively settled uncertainty regarding the realization of refund claims filed in connection with the 2009 and 2010 returns . in the u.s. , which is the largest jurisdiction where the company receives such a tax credit , the availability of the research and development credit expired at the end of the 2011 tax year . in january 2013 , the u.s . congress passed legislation that reinstated the research and development credit retroactive to 2012 . the income tax provision for the year ended december 31 , 2013 includes approximately $ 2.3 million related to the reinstated research and development credit for 2012 activity . the decrease in the effective tax rate from the prior year is primarily due to the release of an uncertain tax position mentioned above , the reinstatement of the u.s . research and development credit mentioned above , and cash repatriation activities . when compared to the federal and state combined statutory rate , the effective tax rates for the years ended december 31 , 2013 and 2012 were favorably impacted by lower statutory tax rates in many of the company 2019s foreign jurisdictions , the domestic manufacturing deduction and tax benefits associated with the merger of the company 2019s japan subsidiaries in 2010 . net income : the company 2019s net income for the year ended december 31 , 2013 was $ 245.3 million as compared to net income of $ 203.5 million for the year ended december 31 , 2012 . diluted earnings per share was $ 2.58 for the year ended december 31 , 2013 and $ 2.14 for the year ended december 31 , 2012 . the weighted average shares used in computing diluted earnings per share were 95.1 million and 95.0 million for the years ended december 31 , 2013 and 2012 , respectively . table of contents .
Question: what was the percentage change in the foreign currency losses net from 2012 to 2013
Answer: | -0.20414 |
FINQA2106 | Please answer the given financial question based on the context.
Context: notes to the consolidated financial statements union pacific corporation and subsidiary companies for purposes of this report , unless the context otherwise requires , all references herein to the 201ccorporation 201d , 201ccompany 201d , 201cupc 201d , 201cwe 201d , 201cus 201d , and 201cour 201d mean union pacific corporation and its subsidiaries , including union pacific railroad company , which will be separately referred to herein as 201cuprr 201d or the 201crailroad 201d . 1 . nature of operations operations and segmentation 2013 we are a class i railroad operating in the u.s . our network includes 32236 route miles , linking pacific coast and gulf coast ports with the midwest and eastern u.s . gateways and providing several corridors to key mexican gateways . we own 26039 miles and operate on the remainder pursuant to trackage rights or leases . we serve the western two-thirds of the country and maintain coordinated schedules with other rail carriers for the handling of freight to and from the atlantic coast , the pacific coast , the southeast , the southwest , canada , and mexico . export and import traffic is moved through gulf coast and pacific coast ports and across the mexican and canadian borders . the railroad , along with its subsidiaries and rail affiliates , is our one reportable operating segment . although we provide and analyze revenue by commodity group , we treat the financial results of the railroad as one segment due to the integrated nature of our rail network . our operating revenues are primarily derived from contracts with customers for the transportation of freight from origin to destination . effective january 1 , 2018 , the company reclassified its six commodity groups into four : agricultural products , energy , industrial , and premium . the following table represents a disaggregation of our freight and other revenues: .
|millions|2018|2017|2016|
|agricultural products|$ 4469|$ 4303|$ 4209|
|energy|4608|4498|3715|
|industrial|5679|5204|4964|
|premium|6628|5832|5713|
|total freight revenues|$ 21384|$ 19837|$ 18601|
|other subsidiary revenues|881|885|814|
|accessorial revenues|502|458|455|
|other|65|60|71|
|total operating revenues|$ 22832|$ 21240|$ 19941|
although our revenues are principally derived from customers domiciled in the u.s. , the ultimate points of origination or destination for some products we transport are outside the u.s . each of our commodity groups includes revenue from shipments to and from mexico . included in the above table are freight revenues from our mexico business which amounted to $ 2.5 billion in 2018 , $ 2.3 billion in 2017 , and $ 2.2 billion in 2016 . basis of presentation 2013 the consolidated financial statements are presented in accordance with accounting principles generally accepted in the u.s . ( gaap ) as codified in the financial accounting standards board ( fasb ) accounting standards codification ( asc ) . 2 . significant accounting policies principles of consolidation 2013 the consolidated financial statements include the accounts of union pacific corporation and all of its subsidiaries . investments in affiliated companies ( 20% ( 20 % ) to 50% ( 50 % ) owned ) are accounted for using the equity method of accounting . all intercompany transactions are eliminated . we currently have no less than majority-owned investments that require consolidation under variable interest entity requirements . cash , cash equivalents and restricted cash 2013 cash equivalents consist of investments with original maturities of three months or less . amounts included in restricted cash represent those required to be set aside by contractual agreement. .
Question: in billions , what would 2018 total operating revenues have been without the mexico business?
Answer: | 20.332 |
FINQA2107 | Please answer the given financial question based on the context.
Context: entergy louisiana , llc management's financial discussion and analysis 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 charges ( credits ) . following is an analysis of the change in net revenue comparing 2007 to 2006 . amount ( in millions ) .
||amount ( in millions )|
|2006 net revenue|$ 942.1|
|base revenues|78.4|
|volume/weather|37.5|
|transmission revenue|9.2|
|purchased power capacity|-80.0 ( 80.0 )|
|other|3.9|
|2007 net revenue|$ 991.1|
the base revenues variance is primarily due to increases effective september 2006 for the 2005 formula rate plan filing to recover lpsc-approved incremental deferred and ongoing capacity costs . see "state and local rate regulation" below and note 2 to the financial statements for a discussion of the formula rate plan filing . the volume/weather variance is due to increased electricity usage , including electricity sales during the unbilled service period . billed retail electricity usage increased a total of 666 gwh in all sectors compared to 2006 . see "critical accounting estimates" below and note 1 to the financial statements for further discussion of the accounting for unbilled revenues . the transmission revenue variance is primarily due to higher rates . the purchased power capacity variance is primarily due to higher purchased power capacity charges and the amortization of capacity charges effective september 2006 as a result of the formula rate plan filing in may 2006 . a portion of the purchased power capacity costs is offset in base revenues due to a base rate increase implemented to recover incremental deferred and ongoing purchased power capacity charges , as mentioned above . see "state and local rate regulation" below and note 2 to the financial statements for a discussion of the formula rate plan filing . gross operating revenues , fuel , purchased power expenses , and other regulatory charges ( credits ) gross operating revenues increased primarily due to : an increase of $ 143.1 million in fuel cost recovery revenues due to higher fuel rates and usage ; an increase of $ 78.4 million in base revenues , as discussed above ; and an increase of $ 37.5 million related to volume/weather , as discussed above . fuel and purchased power expenses increased primarily due to an increase in net area demand and an increase in deferred fuel expense as a result of higher fuel rates , as discussed above . other regulatory credits decreased primarily due to the deferral of capacity charges in 2006 in addition to the amortization of these capacity charges in 2007 as a result of the may 2006 formula rate plan filing ( for the 2005 test year ) with the lpsc to recover such costs through base rates effective september 2006 . see note 2 to the financial statements for a discussion of the formula rate plan and storm cost recovery filings with the lpsc. .
Question: what is the percent change in net revenue between 2006 and 2007?
Answer: | 0.05201 |
FINQA2108 | Please answer the given financial question based on the context.
Context: the following table provides a summary of our historical capital expenditures related to the upgrading of our infrastructure and systems: .
|( in millions )|for the years ended december 31 , 2018|for the years ended december 31 , 2017|for the years ended december 31 , 2016|
|transmission and distribution|$ 572|$ 551|$ 568|
|treatment and pumping|231|171|151|
|services meter and fire hydrants|303|281|297|
|general structure and equipment|371|281|202|
|sources of supply|26|54|59|
|wastewater|83|96|34|
|total capital expenditures|$ 1586|$ 1434|$ 1311|
in 2018 , our capital expenditures increased $ 152 million , or 10.6% ( 10.6 % ) , primarily due to investment across the majority of our infrastructure categories . in 2017 , our capital expenditures increased $ 123 million , or 9.4% ( 9.4 % ) , primarily due to investment in our general structure and equipment and wastewater categories . we also grow our business primarily through acquisitions of water and wastewater systems , as well as other water-related services . these acquisitions are complementary to our existing business and support continued geographical diversification and growth of our operations . generally , acquisitions are funded initially with short- term debt , and later refinanced with the proceeds from long-term debt . the following is a summary of the acquisitions and dispositions affecting our cash flows from investing activities : 2022 the majority of cash paid for acquisitions pertained to the $ 365 million purchase of pivotal within our homeowner services group . 2022 paid $ 33 million for 15 water and wastewater systems , representing approximately 14000 customers . 2022 received $ 35 million for the sale of assets , including $ 27 million for the sale of the majority of the o&m contracts in our contract services group during the third quarter of 2018 . 2022 the majority of cash paid for acquisitions pertained to the $ 159 million purchase of the wastewater collection and treatment system assets of the municipal authority of the city of mckeesport , pennsylvania ( the 201cmckeesport system 201d ) , excluding a $ 5 million non-escrowed deposit made in 2016 . 2022 paid $ 18 million for 16 water and wastewater systems , excluding the mckeesport system and shorelands ( a stock-for-stock transaction ) , representing approximately 7000 customers . 2022 received $ 15 million for the sale of assets . 2022 paid $ 199 million for 15 water and wastewater systems , representing approximately 42000 customers . 2022 made a non-escrowed deposit of $ 5 million related to the mckeesport system acquisition . 2022 received $ 9 million for the sale of assets . as previously noted , we expect to invest between $ 8.0 billion to $ 8.6 billion from 2019 to 2023 , with $ 7.3 billion of this range for infrastructure improvements in our regulated businesses . in 2019 , we expect to .
Question: total transmission and distribution expenses in millions for the three year period equaled what?
Answer: | 1691.0 |
FINQA2109 | Please answer the given financial question based on the context.
Context: sales of unregistered securities not applicable . repurchases of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2017 to december 31 , 2017 . 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 ( orapproximate dollar value ) of shares ( or units ) that may yet be purchasedunder the plans orprograms3|
|october 1 - 31|1231868|$ 20.74|1230394|$ 214001430|
|november 1 - 30|1723139|$ 18.89|1722246|$ 181474975|
|december 1 - 31|1295639|$ 20.25|1285000|$ 155459545|
|total|4250646|$ 19.84|4237640||
1 included 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 1474 withheld shares in october 2017 , 893 withheld shares in november 2017 and 10639 withheld shares in december 2017 , for a total of 13006 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 share 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 share repurchase program . 3 in february 2017 , the board authorized a share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock ( the 201c2017 share repurchase program 201d ) . on february 14 , 2018 , we announced that our board had approved a new share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock . the new authorization is in addition to any amounts remaining for repurchase under the 2017 share repurchase program . there is no expiration date associated with the share repurchase programs. .
Question: what is the percentage decrease in average price per share from october to november?
Answer: | 8.91996 |
FINQA2110 | Please answer the given financial question based on the context.
Context: kimco realty corporation and subsidiaries notes to consolidated financial statements , continued uncertain tax positions : the company is subject to income tax in certain jurisdictions outside the u.s. , principally canada and mexico . the statute of limitations on assessment of tax varies from three to seven years depending on the jurisdiction and tax issue . tax returns filed in each jurisdiction are subject to examination by local tax authorities . the company is currently under audit by the canadian revenue agency , mexican tax authority and the u.s . internal revenue service ( 201cirs 201d ) . in october 2011 , the irs issued a notice of proposed adjustment , which proposes pursuant to section 482 of the code , to disallow a capital loss claimed by krs on the disposition of common shares of valad property ltd. , an australian publicly listed company . because the adjustment is being made pursuant to section 482 of the code , the irs believes it can assert a 100 percent 201cpenalty 201d tax pursuant to section 857 ( b ) ( 7 ) of the code and disallow the capital loss deduction . the notice of proposed adjustment indicates the irs 2019 intention to impose the 100 percent 201cpenalty 201d tax on the company in the amount of $ 40.9 million and disallowing the capital loss claimed by krs . the company and its outside counsel have considered the irs 2019 assessment and believe that there is sufficient documentation establishing a valid business purpose for the transfer , including recent case history showing support for similar positions . accordingly , the company strongly disagrees with the irs 2019 position on the application of section 482 of the code to the disposition of the shares , the imposition of the 100 percent penalty tax and the simultaneous assertion of the penalty tax and disallowance of the capital loss deduction . the company received a notice of proposed assessment and filed a written protest and requested an irs appeals office conference . an appeals hearing was attended by management and its attorneys , the irs compliance group and an irs appeals officer in november , 2014 , at which time irs compliance presented arguments in support of their position , as noted herein . management and its attorneys presented rebuttal arguments in support of its position . the matter is currently under consideration by the appeals officer . the company intends to vigorously defend its position in this matter and believes it will prevail . resolutions of these audits are not expected to have a material effect on the company 2019s financial statements . during 2013 , the company early adopted asu 2013-11 prospectively and reclassified a portion of its reserve for uncertain tax positions . the reserve for uncertain tax positions included amounts related to the company 2019s canadian operations . the company has unrecognized tax benefits reported as deferred tax assets and are available to settle adjustments made with respect to the company 2019s uncertain tax positions in canada . the company reduced its reserve for uncertain tax positions by $ 12.3 million associated with its canadian operations and reduced its deferred tax assets in accordance with asu 2013-11 . the company does not believe that the total amount of unrecognized tax benefits as of december 31 , 2014 , will significantly increase or decrease within the next 12 months . as of december 31 , 2014 , the company 2019s canadian uncertain tax positions , which reduce its deferred tax assets , aggregated $ 10.4 million . the liability for uncertain tax benefits principally consists of estimated foreign , federal and state income tax liabilities in years for which the statute of limitations is open . open years range from 2008 through 2014 and vary by jurisdiction and issue . the aggregate changes in the balance of unrecognized tax benefits for the years ended december 31 , 2014 and 2013 were as follows ( in thousands ) : .
||201 4|2013|
|balance beginning of year|$ 4590|$ 16890|
|increases for tax positions related to current year|59|15|
|reduction due to adoption of asu 2013-11 ( a )|-|-12315 ( 12315 )|
|balance end of year|$ 4649|$ 4590|
( a ) this amount was reclassified against the related deferred tax asset relating to the company 2019s early adoption of asu 2013-11 as discussed above. .
Question: what is the net change in the balance unrecognized tax benefits in 2013?
Answer: | -12300.0 |
FINQA2111 | Please answer the given financial question based on the context.
Context: part ii item 5 . market for registrant 2019s common equity and related stockholder matters market information our common stock has been traded on the new york stock exchange ( 2018 2018nyse 2019 2019 ) under the symbol 2018 2018exr 2019 2019 since our ipo on august 17 , 2004 . prior to that time there was no public market for our common stock . the following table sets forth , for the periods indicated , the high and low bid price for our common stock as reported by the nyse and the per share dividends declared : dividends high low declared .
||high|low|dividends declared|
|period from august 17 2004 to september 30 2004|$ 14.38|$ 12.50|$ 0.1113|
|quarter ended december 31 2004|14.55|12.60|0.2275|
|quarter ended march 31 2005|14.30|12.55|0.2275|
|quarter ended june 30 2005|14.75|12.19|0.2275|
|quarter ended september 30 2005|16.71|14.32|0.2275|
|quarter ended december 31 2005|15.90|13.00|0.2275|
on february 28 , 2006 , the closing price of our common stock as reported by the nyse was $ 15.00 . at february 28 , 2006 , we had 166 holders of record of our common stock . holders of shares of common stock are entitled to receive distributions when declared by our board of directors out of any assets legally available for that purpose . as a reit , we are required to distribute at least 90% ( 90 % ) of our 2018 2018reit taxable income 2019 2019 is generally equivalent to our net taxable ordinary income , determined without regard to the deduction for dividends paid , to our stockholders annually in order to maintain our reit qualifications for u.s . federal income tax purposes . unregistered sales of equity securities and use of proceeds on june 20 , 2005 , we completed the sale of 6200000 shares of our common stock , $ .01 par value , for $ 83514 , which we reported in a current report on form 8-k filed with the securities and exchange commission on june 24 , 2005 . we used the proceeds for general corporate purposes , including debt repayment . the shares were issued pursuant to an exemption from registration under the securities act of 1933 , as amended. .
Question: what was the dividend yield for the quarter ended march 31 , 2005 using the high bid price?
Answer: | 0.06364 |
FINQA2112 | Please answer the given financial question based on the context.
Context: performance graph the following graph compares the yearly change in the cumulative total stockholder return for our last five full fiscal years , based upon the market price of our common stock , with the cumulative total return on a nasdaq composite index ( u.s . companies ) and a peer group , the nasdaq medical equipment-sic code 3840-3849 index , which is comprised of medical equipment companies , for that period . the performance graph assumes the investment of $ 100 on march 31 , 2010 in our common stock , the nasdaq composite index ( u.s . companies ) and the peer group index , and the reinvestment of any and all dividends. .
||3/31/2010|3/31/2011|3/31/2012|3/31/2013|3/31/2014|3/31/2015|
|abiomed inc|100|140.79|215.02|180.91|252.33|693.60|
|nasdaq composite index|100|115.98|128.93|136.26|175.11|204.38|
|nasdaq medical equipment sic code 3840-3849|100|108.31|115.05|105.56|123.18|118.95|
this graph is not 201csoliciting material 201d under regulation 14a or 14c of the rules promulgated under the securities exchange act of 1934 , is not deemed filed with the securities and exchange commission and is not to be incorporated by reference in any of our filings under the securities act of 1933 , as amended , or the exchange act whether made before or after the date hereof and irrespective of any general incorporation language in any such filing . transfer agent american stock transfer & trust company , 59 maiden lane , new york , ny 10038 , is our stock transfer agent. .
Question: did abiomed outperform the nasdaq medical equipment index over the five year period?
Answer: | yes |
FINQA2113 | Please answer the given financial question based on the context.
Context: equity compensation plan information the following table presents the equity securities available for issuance under our equity compensation plans as of december 31 , 2012 . equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights ( 2 ) number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( a ) ( b ) ( c ) equity compensation plans approved by security holders 3946111 $ 34.67 3608527 equity compensation plans not approved by security holders ( 3 ) 2014 2014 2014 .
|plan category|number of securities to be issued upon exercise of outstanding options warrants and rights ( 1 ) ( a ) ( b )|weighted-average exercise price of outstanding optionswarrants and rights ( 2 )|number of securities remaining available for future issuance under equity compensation plans ( excluding securitiesreflected in column ( a ) ) ( c )|
|equity compensation plans approved by security holders|3946111|$ 34.67|3608527|
|equity compensation plans not approved by security holders ( 3 )|2014|2014|2014|
|total|3946111|$ 34.67|3608527|
( 1 ) includes grants made under the huntington ingalls industries , inc . 2012 long-term incentive stock plan ( the "2012 plan" ) , which was approved by our stockholders on may 2 , 2012 , and the huntington ingalls industries , inc . 2011 long-term incentive stock plan ( the "2011 plan" ) , which was approved by the sole stockholder of hii prior to its spin-off from northrop grumman corporation . of these shares , 1166492 were subject to stock options , 2060138 were subject to outstanding restricted performance stock rights , 641556 were restricted stock rights , and 63033 were stock rights granted under the 2011 plan . in addition , this number includes 9129 stock rights and 5763 restricted performance stock rights granted under the 2012 plan , assuming target performance achievement . ( 2 ) this is the weighted average exercise price of the 1166492 outstanding stock options only . ( 3 ) there are no awards made under plans not approved by security holders . item 13 . certain relationships and related transactions , and director independence information as to certain relationships and related transactions and director independence will be incorporated herein by reference to the proxy statement for our 2013 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year . item 14 . principal accountant fees and services information as to principal accountant fees and services will be incorporated herein by reference to the proxy statement for our 2013 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year. .
Question: what is the ratio of the number of securities to be issued to the number of securities remaining available
Answer: | 1.09355 |
FINQA2114 | Please answer the given financial question based on the context.
Context: american tower corporation and subsidiaries notes to consolidated financial statements the valuation allowance increased from $ 47.8 million as of december 31 , 2009 to $ 48.2 million as of december 31 , 2010 . the increase was primarily due to valuation allowances on foreign loss carryforwards . at december 31 , 2010 , the company has provided a valuation allowance of approximately $ 48.2 million which primarily relates to state net operating loss carryforwards , equity investments and foreign items . the company has not provided a valuation allowance for the remaining deferred tax assets , primarily its federal net operating loss carryforwards , as management believes the company will have sufficient taxable income to realize these federal net operating loss carryforwards during the twenty-year tax carryforward period . valuation allowances may be reversed if related deferred tax assets are deemed realizable based on changes in facts and circumstances relevant to the assets 2019 recoverability . the recoverability of the company 2019s remaining net deferred tax asset has been assessed utilizing projections based on its current operations . the projections show a significant decrease in depreciation in the later years of the carryforward period as a result of a significant portion of its assets being fully depreciated during the first fifteen years of the carryforward period . accordingly , the recoverability of the net deferred tax asset is not dependent on material improvements to operations , material asset sales or other non-routine transactions . based on its current outlook of future taxable income during the carryforward period , management believes that the net deferred tax asset will be realized . the company 2019s deferred tax assets as of december 31 , 2010 and 2009 in the table above do not include $ 122.1 million and $ 113.9 million , respectively , of excess tax benefits from the exercises of employee stock options that are a component of net operating losses . total stockholders 2019 equity as of december 31 , 2010 will be increased by $ 122.1 million if and when any such excess tax benefits are ultimately realized . at december 31 , 2010 , the company had net federal and state operating loss carryforwards available to reduce future federal and state taxable income of approximately $ 1.2 billion , including losses related to employee stock options of $ 0.3 billion . if not utilized , the company 2019s net operating loss carryforwards expire as follows ( in thousands ) : .
|years ended december 31,|federal|state|foreign|
|2011 to 2015|$ 2014|$ 2014|$ 503|
|2016 to 2020|2014|331315|5509|
|2021 to 2025|774209|576780|2014|
|2026 to 2030|423398|279908|92412|
|total|$ 1197607|$ 1188003|$ 98424|
in addition , the company has mexican tax credits of $ 5.2 million which if not utilized would expire in 2017. .
Question: what portion of the total net operating loss carryforwards is state related?
Answer: | 0.47826 |
FINQA2115 | Please answer the given financial question based on the context.
Context: adjusted ebitda increased $ 574 million , or 5% ( 5 % ) , in 2017 primarily from : 2022 an increase in branded postpaid and prepaid service revenues primarily due to strong customer response to our un- carrier initiatives , the ongoing success of our promotional activities , and the continued strength of our metropcs brand ; 2022 higher wholesale revenues ; and 2022 higher other revenues ; partially offset by 2022 higher selling , general and administrative expenses ; 2022 lower gains on disposal of spectrum licenses of $ 600 million ; gains on disposal were $ 235 million for the year ended december 31 , 2017 , compared to $ 835 million in the same period in 2016 ; 2022 higher cost of services expense ; 2022 higher net losses on equipment ; and 2022 the negative impact from hurricanes of approximately $ 201 million , net of insurance recoveries . adjusted ebitda increased $ 2.8 billion , or 36% ( 36 % ) , in 2016 primarily from : 2022 increased branded postpaid and prepaid service revenues primarily due to strong customer response to our un-carrier initiatives and the ongoing success of our promotional activities ; 2022 higher gains on disposal of spectrum licenses of $ 672 million ; gains on disposal were $ 835 million in 2016 compared to $ 163 million in 2015 ; 2022 lower losses on equipment ; and 2022 focused cost control and synergies realized from the metropcs business combination , primarily in cost of services ; partially offset by 2022 higher selling , general and administrative . effective january 1 , 2017 , the imputed discount on eip receivables , which was previously recognized within interest income in our consolidated statements of comprehensive income , is recognized within other revenues in our consolidated statements of comprehensive income . due to this presentation , the imputed discount on eip receivables is included in adjusted ebitda . see note 1 - summary of significant accounting policies of notes to the consolidated financial statements included in part ii , item 8 of this form 10-k for further information . we have applied this change retrospectively and presented the effect on the years ended december 31 , 2016 and 2015 , in the table below. .
|( in millions )|year ended december 31 2016 as filed|year ended december 31 2016 change in accounting principle|year ended december 31 2016 as adjusted|year ended december 31 2016 as filed|year ended december 31 2016 change in accounting principle|as adjusted|
|operating income|$ 3802|$ 248|$ 4050|$ 2065|$ 414|$ 2479|
|interest income|261|-248 ( 248 )|13|420|-414 ( 414 )|6|
|net income|1460|2014|1460|733|2014|733|
|net income as a percentage of service revenue|5% ( 5 % )|2014% ( 2014 % )|5% ( 5 % )|3% ( 3 % )|2014% ( 2014 % )|3% ( 3 % )|
|adjusted ebitda|$ 10391|$ 248|$ 10639|$ 7393|$ 414|$ 7807|
|adjusted ebitda margin ( adjusted ebitda divided by service revenues )|37% ( 37 % )|1% ( 1 % )|38% ( 38 % )|30% ( 30 % )|1% ( 1 % )|31% ( 31 % )|
adjusted ebitda margin ( adjusted ebitda divided by service revenues ) 37% ( 37 % ) 1% ( 1 % ) 38% ( 38 % ) 30% ( 30 % ) 1% ( 1 % ) 31% ( 31 % ) liquidity and capital resources our principal sources of liquidity are our cash and cash equivalents and cash generated from operations , proceeds from issuance of long-term debt and common stock , capital leases , the sale of certain receivables , financing arrangements of vendor payables which effectively extend payment terms and secured and unsecured revolving credit facilities with dt. .
Question: what was the service revenue as of december 312016 in millions as filed?
Answer: | 29200.0 |
FINQA2116 | Please answer the given financial question based on the context.
Context: visa inc . notes to consolidated financial statements 2014 ( continued ) september 30 , 2013 ( 4 ) participating securities are unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents , such as the company 2019s restricted stock awards , restricted stock units and earned performance-based shares . note 16 2014share-based compensation the company 2019s 2007 equity incentive compensation plan , or the eip , authorizes the compensation committee of the board of directors to grant non-qualified stock options ( 201coptions 201d ) , restricted stock awards ( 201crsas 201d ) , restricted stock units ( 201crsus 201d ) and performance-based shares to its employees and non- employee directors , for up to 59 million shares of class a common stock . shares available for award may be either authorized and unissued or previously issued shares subsequently acquired by the company . the eip will continue to be in effect until all of the common stock available under the eip is delivered and all restrictions on those shares have lapsed , unless the eip is terminated earlier by the company 2019s board of directors . no awards may be granted under the plan on or after 10 years from its effective date . share-based compensation cost is recorded net of estimated forfeitures on a straight-line basis for awards with service conditions only , and on a graded-vesting basis for awards with service , performance and market conditions . the company 2019s estimated forfeiture rate is based on an evaluation of historical , actual and trended forfeiture data . for fiscal 2013 , 2012 , and 2011 , the company recorded share-based compensation cost of $ 179 million , $ 147 million and $ 154 million , respectively , in personnel on its consolidated statements of operations . the amount of capitalized share-based compensation cost was immaterial during fiscal 2013 , 2012 and 2011 . options options issued under the eip expire 10 years from the date of grant and vest ratably over three years from the date of grant , subject to earlier vesting in full under certain conditions . during fiscal 2013 , 2012 and 2011 , the fair value of each stock option was estimated on the date of grant using a black-scholes option pricing model with the following weighted-average assumptions: .
||2013|2012|2011|
|expected term ( in years ) ( 1 )|6.08|6.02|5.16|
|risk-free rate of return ( 2 )|0.8% ( 0.8 % )|1.2% ( 1.2 % )|1.2% ( 1.2 % )|
|expected volatility ( 3 )|29.3% ( 29.3 % )|34.9% ( 34.9 % )|33.4% ( 33.4 % )|
|expected dividend yield ( 4 )|0.9% ( 0.9 % )|0.9% ( 0.9 % )|0.8% ( 0.8 % )|
|fair value per option granted|$ 39.03|$ 29.65|$ 27.50|
( 1 ) based on a set of peer companies that management believes is generally comparable to visa . ( 2 ) based upon the zero coupon u.s . treasury bond rate over the expected term of the awards . ( 3 ) based on the average of the company 2019s implied and historical volatility . as the company 2019s publicly-traded stock history is relatively short , historical volatility relies in part on the historical volatility of a group of peer companies that management believes is generally comparable to visa . the relative weighting between visa historical volatility and the historical volatility of the peer companies is based on the percentage of years visa stock price information has been available since its initial public offering compared to the expected term . the expected volatilities ranged from 27% ( 27 % ) to 29% ( 29 % ) in fiscal 2013 . ( 4 ) based on the company 2019s annual dividend rate on the date of grant. .
Question: what is the percentage change in fair value of option from 2012 to 2013?
Answer: | 9.38 |
FINQA2117 | Please answer the given financial question based on the context.
Context: part ii were issued in an initial aggregate principal amount of $ 500 million at a 2.25% ( 2.25 % ) fixed , annual interest rate and will mature on may 1 , 2023 . the 2043 senior notes were issued in an initial aggregate principal amount of $ 500 million at a 3.625% ( 3.625 % ) fixed , annual interest rate and will mature on may 1 , 2043 . interest on the senior notes is payable semi-annually on may 1 and november 1 of each year . the issuance resulted in gross proceeds before expenses of $ 998 million . on november 1 , 2011 , we entered into a committed credit facility agreement with a syndicate of banks which provides for up to $ 1 billion of borrowings with the option to increase borrowings to $ 1.5 billion with lender approval . the facility matures november 1 , 2017 . as of and for the periods ended may 31 , 2015 and 2014 , we had no amounts outstanding under our committed credit facility . we currently have long-term debt ratings of aa- and a1 from standard and poor 2019s corporation and moody 2019s investor services , respectively . if our long- term debt ratings were to decline , the facility fee and interest rate under our committed credit facility would increase . conversely , if our long-term debt rating were to improve , the facility fee and interest rate would decrease . changes in our long-term debt rating would not trigger acceleration of maturity of any then-outstanding borrowings or any future borrowings under the committed credit facility . under this committed revolving credit facility , we have agreed to various covenants . these covenants include limits on our disposal of fixed assets , the amount of debt secured by liens we may incur , as well as a minimum capitalization ratio . in the event we were to have any borrowings outstanding under this facility and failed to meet any covenant , and were unable to obtain a waiver from a majority of the banks in the syndicate , any borrowings would become immediately due and payable . as of may 31 , 2015 , we were in full compliance with each of these covenants and believe it is unlikely we will fail to meet any of these covenants in the foreseeable future . liquidity is also provided by our $ 1 billion commercial paper program . during the year ended may 31 , 2015 , we did not issue commercial paper , and as of may 31 , 2015 , there were no outstanding borrowings under this program . we may issue commercial paper or other debt securities during fiscal 2016 depending on general corporate needs . we currently have short-term debt ratings of a1+ and p1 from standard and poor 2019s corporation and moody 2019s investor services , respectively . as of may 31 , 2015 , we had cash , cash equivalents and short-term investments totaling $ 5.9 billion , of which $ 4.2 billion was held by our foreign subsidiaries . included in cash and equivalents as of may 31 , 2015 was $ 968 million of cash collateral received from counterparties as a result of hedging activity . cash equivalents and short-term investments consist primarily of deposits held at major banks , money market funds , commercial paper , corporate notes , u.s . treasury obligations , u.s . government sponsored enterprise obligations and other investment grade fixed income securities . our fixed income investments are exposed to both credit and interest rate risk . all of our investments are investment grade to minimize our credit risk . while individual securities have varying durations , as of may 31 , 2015 the weighted average remaining duration of our short-term investments and cash equivalents portfolio was 79 days . to date we have not experienced difficulty accessing the credit markets or incurred higher interest costs . future volatility in the capital markets , however , may increase costs associated with issuing commercial paper or other debt instruments or affect our ability to access those markets . we believe that existing cash , cash equivalents , short-term investments and cash generated by operations , together with access to external sources of funds as described above , will be sufficient to meet our domestic and foreign capital needs in the foreseeable future . we utilize a variety of tax planning and financing strategies to manage our worldwide cash and deploy funds to locations where they are needed . we routinely repatriate a portion of our foreign earnings for which u.s . taxes have previously been provided . we also indefinitely reinvest a significant portion of our foreign earnings , and our current plans do not demonstrate a need to repatriate these earnings . should we require additional capital in the united states , we may elect to repatriate indefinitely reinvested foreign funds or raise capital in the united states through debt . if we were to repatriate indefinitely reinvested foreign funds , we would be required to accrue and pay additional u.s . taxes less applicable foreign tax credits . if we elect to raise capital in the united states through debt , we would incur additional interest expense . off-balance sheet arrangements in connection with various contracts and agreements , we routinely provide indemnification relating to the enforceability of intellectual property rights , coverage for legal issues that arise and other items where we are acting as the guarantor . currently , we have several such agreements in place . however , based on our historical experience and the estimated probability of future loss , we have determined that the fair value of such indemnification is not material to our financial position or results of operations . contractual obligations our significant long-term contractual obligations as of may 31 , 2015 and significant endorsement contracts , including related marketing commitments , entered into through the date of this report are as follows: .
|description of commitment ( in millions )|description of commitment 2016|description of commitment 2017|description of commitment 2018|description of commitment 2019|description of commitment 2020|description of commitment thereafter|total|
|operating leases|$ 447|$ 423|$ 371|$ 311|$ 268|$ 1154|$ 2974|
|capital leases|2|2|1|2014|2014|2014|5|
|long-term debt ( 1 )|142|77|55|36|36|1451|1797|
|endorsement contracts ( 2 )|1009|919|882|706|533|2143|6192|
|product purchase obligations ( 3 )|3735|2014|2014|2014|2014|2014|3735|
|other ( 4 )|343|152|75|72|36|92|770|
|total|$ 5678|$ 1573|$ 1384|$ 1125|$ 873|$ 4840|$ 15473|
( 1 ) the cash payments due for long-term debt include estimated interest payments . estimates of interest payments are based on outstanding principal amounts , applicable fixed interest rates or currently effective interest rates as of may 31 , 2015 ( if variable ) , timing of scheduled payments and the term of the debt obligations . ( 2 ) the amounts listed for endorsement contracts represent approximate amounts of base compensation and minimum guaranteed royalty fees we are obligated to pay athlete , sport team and league endorsers of our products . actual payments under some contracts may be higher than the amounts listed as these contracts provide for bonuses to be paid to the endorsers based upon athletic achievements and/or royalties on product sales in future periods . actual payments under some contracts may also be lower as these contracts include provisions for reduced payments if athletic performance declines in future periods . in addition to the cash payments , we are obligated to furnish our endorsers with nike product for their use . it is not possible to determine how much we will spend on this product on an annual basis as the contracts generally do not stipulate a specific amount of cash to be spent on the product . the amount of product provided to the endorsers will depend on many factors , including general playing conditions , the number of sporting events in which they participate and our own decisions regarding product and marketing initiatives . in addition , the costs to design , develop , source and purchase the products furnished to the endorsers are incurred over a period of time and are not necessarily tracked separately from similar costs incurred for products sold to customers. .
Question: what percent of the total for all years was due to contributions form the year 2020?
Answer: | 0.05642 |
FINQA2118 | 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 percentage of total shares were purchased in october?
Answer: | 0.09583 |
FINQA2119 | Please answer the given financial question based on the context.
Context: fiscal 2011 , primarily because of increased business levels , an increase in revenue related to the sale and lease of our hardware products and increased revenue recognized from bookings in prior periods . maintenance revenue decreased on a standalone basis during fiscal 2012 as compared to fiscal 2011 , primarily because of the increased allocation to product revenue due to the gradual decline in the average duration of our time-based software license arrangements over the last three years . product and maintenance revenue increased during fiscal 2011 , as compared to fiscal 2010 , due to reasons noted above and also due to the increase in revenue from the denali business which we acquired in the second quarter of 2010 . we expect the aggregate of product and maintenance revenue will increase during fiscal 2013 due to increases in the revenue from our software and ip products , partially offset by an expected decrease in revenue from our hardware products . services revenue decreased during fiscal 2012 , as compared to fiscal 2011 , primarily because certain of our design services engineers have been redeployed to internal research and development projects and to assist with pre-sales activities . services revenue increased during fiscal 2011 , as compared to fiscal 2010 , primarily because of cash collections from customers on orders fulfilled in years prior to 2011 for which revenue was recognized in fiscal 2011 upon receipt of cash payment , and because of higher utilization rates for our services personnel . we expect services revenue to decrease during fiscal 2013 , as compared to fiscal 2012 , as we expect certain of our design services engineers will continue to work on internal research and development projects , primarily related or our design ip and vip activities . revenue by product group the following table shows the percentage of product and related maintenance revenue contributed by each of our five product groups , and services and other during fiscal 2012 , 2011 and 2010: .
||2012|2011|2010|
|functional verification hardware and ip|30% ( 30 % )|30% ( 30 % )|24% ( 24 % )|
|custom ic design|23% ( 23 % )|22% ( 22 % )|26% ( 26 % )|
|digital ic design|23% ( 23 % )|22% ( 22 % )|23% ( 23 % )|
|system interconnect design|9% ( 9 % )|9% ( 9 % )|9% ( 9 % )|
|design for manufacturing|6% ( 6 % )|7% ( 7 % )|7% ( 7 % )|
|services and other|9% ( 9 % )|10% ( 10 % )|11% ( 11 % )|
|total|100% ( 100 % )|100% ( 100 % )|100% ( 100 % )|
as described in note 2 in the notes to consolidated financial statements , certain of our licensing arrangements allow customers the ability to remix among software products . additionally , we have arrangements with customers that include a combination of our products , with the actual product selection and number of licensed users to be determined at a later date . for these arrangements , we estimate the allocation of the revenue to product groups based upon the expected usage of our products . the actual usage of our products by these customers may differ and , if that proves to be the case , the revenue allocation in the table above would differ . the changes in the percentage of revenue contributed by the functional verification , hardware and ip product group are generally related to changes in revenue related to our hardware products. .
Question: what is the difference in the percentage of product and related maintenance revenue contributed by the functional verification hardware and ip product group in 2010 versus 2012?
Answer: | 0.06 |
FINQA2120 | Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis investing & lending investing & lending includes our investing activities and the origination of loans to provide financing to clients . these investments and loans are typically longer-term in nature . we make investments , some of which are consolidated , directly and indirectly through funds that we manage , in debt securities and loans , public and private equity securities , and real estate entities . the table below presents the operating results of our investing & lending segment. .
|$ in millions|year ended december 2014|year ended december 2013|year ended december 2012|
|equity securities|$ 3813|$ 3930|$ 2800|
|debt securities and loans|2165|1947|1850|
|other1|847|1141|1241|
|total net revenues|6825|7018|5891|
|operating expenses|2819|2686|2668|
|pre-tax earnings|$ 4006|$ 4332|$ 3223|
1 . includes net revenues of $ 325 million for 2014 , $ 329 million for 2013 and $ 362 million for 2012 related to metro international trade services llc . we completed the sale of this consolidated investment in december 2014 . 2014 versus 2013 . net revenues in investing & lending were $ 6.83 billion for 2014 , 3% ( 3 % ) lower than 2013 . net gains from investments in equity securities were slightly lower due to a significant decrease in net gains from investments in public equities , as movements in global equity prices during 2014 were less favorable compared with 2013 , partially offset by an increase in net gains from investments in private equities , primarily driven by company-specific events . net revenues from debt securities and loans were higher than 2013 , reflecting a significant increase in net interest income , primarily driven by increased lending , and a slight increase in net gains , primarily due to sales of certain investments during 2014 . other net revenues , related to our consolidated investments , were significantly lower compared with 2013 , reflecting a decrease in operating revenues from commodities-related consolidated investments . during 2014 , net revenues in investing & lending generally reflected favorable company-specific events , including initial public offerings and financings , and strong corporate performance , as well as net gains from sales of certain investments . however , concerns about the outlook for the global economy and uncertainty over the impact of financial regulatory reform continue to be meaningful considerations for the global marketplace . if equity markets decline or credit spreads widen , net revenues in investing & lending would likely be negatively impacted . operating expenses were $ 2.82 billion for 2014 , 5% ( 5 % ) higher than 2013 , reflecting higher compensation and benefits expenses , partially offset by lower expenses related to consolidated investments . pre-tax earnings were $ 4.01 billion in 2014 , 8% ( 8 % ) lower than 2013 . 2013 versus 2012 . net revenues in investing & lending were $ 7.02 billion for 2013 , 19% ( 19 % ) higher than 2012 , reflecting a significant increase in net gains from investments in equity securities , driven by company-specific events and stronger corporate performance , as well as significantly higher global equity prices . in addition , net gains and net interest income from debt securities and loans were slightly higher , while other net revenues , related to our consolidated investments , were lower compared with 2012 . during 2013 , net revenues in investing & lending generally reflected favorable company-specific events and strong corporate performance , as well as the impact of significantly higher global equity prices and tighter corporate credit spreads . operating expenses were $ 2.69 billion for 2013 , essentially unchanged compared with 2012 . operating expenses during 2013 included lower impairment charges and lower operating expenses related to consolidated investments , partially offset by increased compensation and benefits expenses due to higher net revenues compared with 2012 . pre-tax earnings were $ 4.33 billion in 2013 , 34% ( 34 % ) higher than 2012 . goldman sachs 2014 annual report 45 .
Question: in millions for 2014 2013 and 2012 , what was the total balance of debt securities and loans?\\n
Answer: | 5962.0 |
FINQA2121 | Please answer the given financial question based on the context.
Context: notes to consolidated financial statements hedge accounting the firm applies hedge accounting for ( i ) certain interest rate swaps used to manage the interest rate exposure of certain fixed-rate unsecured long-term and short-term borrowings and certain fixed-rate certificates of deposit , ( ii ) certain foreign currency forward contracts and foreign currency-denominated debt used to manage foreign currency exposures on the firm 2019s net investment in certain non-u.s . operations and ( iii ) certain commodities-related swap and forward contracts used to manage the exposure to the variability in cash flows associated with the forecasted sales of certain energy commodities by one of the firm 2019s consolidated investments . to qualify for hedge accounting , the derivative hedge must be highly effective at reducing the risk from the exposure being hedged . additionally , the firm must formally document the hedging relationship at inception and test the hedging relationship at least on a quarterly basis to ensure the derivative hedge continues to be highly effective over the life of the hedging relationship . fair value hedges the firm designates certain interest rate swaps as fair value hedges . these interest rate swaps hedge changes in fair value attributable to the designated benchmark interest rate ( e.g. , london interbank offered rate ( libor ) or ois ) , effectively converting a substantial portion of fixed-rate obligations into floating-rate obligations . the firm applies a statistical method that utilizes regression analysis when assessing the effectiveness of its fair value hedging relationships in achieving offsetting changes in the fair values of the hedging instrument and the risk being hedged ( i.e. , interest rate risk ) . an interest rate swap is considered highly effective in offsetting changes in fair value attributable to changes in the hedged risk when the regression analysis results in a coefficient of determination of 80% ( 80 % ) or greater and a slope between 80% ( 80 % ) and 125% ( 125 % ) . for qualifying fair value hedges , gains or losses on derivatives are included in 201cinterest expense . 201d the change in fair value of the hedged item attributable to the risk being hedged is reported as an adjustment to its carrying value and is subsequently amortized into interest expense over its remaining life . gains or losses resulting from hedge ineffectiveness are included in 201cinterest expense . 201d when a derivative is no longer designated as a hedge , any remaining difference between the carrying value and par value of the hedged item is amortized to interest expense over the remaining life of the hedged item using the effective interest method . see note 23 for further information about interest income and interest expense . the table below presents the gains/ ( losses ) from interest rate derivatives accounted for as hedges , the related hedged borrowings and bank deposits , and the hedge ineffectiveness on these derivatives , which primarily consists of amortization of prepaid credit spreads resulting from the passage of time. .
|in millions|year ended december 2013|year ended december 2012|year ended december 2011|
|interest rate hedges|$ -8683 ( 8683 )|$ -2383 ( 2383 )|$ 4679|
|hedged borrowings and bank deposits|6999|665|-6300 ( 6300 )|
|hedge ineffectiveness|$ -1684 ( 1684 )|$ -1718 ( 1718 )|$ -1621 ( 1621 )|
goldman sachs 2013 annual report 149 .
Question: in millions for 2013 , 2012 , and 2011 , what was the maximum interest rate hedge?
Answer: | 4679.0 |
FINQA2122 | 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 fuel obligations?
Answer: | 0.12599 |
FINQA2123 | 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 is the average purchase price of shares purchased during 1999?
Answer: | 17.94118 |
FINQA2124 | 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: as of december 31 , 2010 , what was the percent of the maturities of the aggregate carrying value of long-term debt due in 2012
Answer: | 0.11202 |
FINQA2125 | Please answer the given financial question based on the context.
Context: the number of shares issued will be determined as the par value of the debentures divided by the average trading stock price over the preceding five-day period . at december 31 , 2008 , the unamortized adjustment to fair value for these debentures was $ 28.7 million , which is being amortized through april 15 , 2011 , the first date that the holders can require us to redeem the debentures . tax-exempt financings as of december 31 , 2008 and 2007 , we had $ 1.3 billion and $ .7 billion of fixed and variable rate tax-exempt financings outstanding , respectively , with maturities ranging from 2010 to 2037 . during 2008 , we issued $ 207.4 million of tax-exempt bonds . in addition , we acquired $ 527.0 million of tax-exempt bonds and other tax-exempt financings as part of our acquisition of allied in december 2008 . at december 31 , 2008 , the total of the unamortized adjustments to fair value for these financings was $ 52.9 million , which is being amortized to interest expense over the remaining terms of the debt . approximately two-thirds of our tax-exempt financings are remarketed weekly or daily , by a remarketing agent to effectively maintain a variable yield . these variable rate tax-exempt financings are credit enhanced with letters of credit having terms in excess of one year issued by banks with credit ratings of aa or better . the holders of the bonds can put them back to the remarketing agent at the end of each interest period . to date , the remarketing agents have been able to remarket our variable rate unsecured tax-exempt bonds . as of december 31 , 2008 , we had $ 281.9 million of restricted cash , of which $ 133.5 million was proceeds from the issuance of tax-exempt bonds and other tax-exempt financings and will be used to fund capital expenditures under the terms of the agreements . restricted cash also includes amounts held in trust as a financial guarantee of our performance . other debt other debt primarily includes capital lease liabilities of $ 139.5 million and $ 35.4 million as of december 31 , 2008 and 2007 , respectively , with maturities ranging from 2009 to 2042 . future maturities of debt aggregate maturities of notes payable , capital leases and other long-term debt as of december 31 , 2008 , excluding non-cash discounts , premiums , adjustments to fair market value of related to hedging transactions and adjustments to fair market value recorded in purchase accounting totaling $ 821.9 million , are as follows ( in millions ) : years ending december 31 , 2009 ( 1 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 507.4 .
|2009 ( 1 )|$ 507.4|
|2010|387.5|
|2011|1138.1|
|2012|38.4|
|2013|1139.2|
|thereafter|5313.8|
|total|$ 8524.4|
( 1 ) includes the receivables secured loan , which is a 364-day liquidity facility with a maturity date of may 29 , 2009 and has a balance of $ 400.0 million at december 31 , 2008 . although we intend to renew the liquidity facility prior to its maturity date , the outstanding balance is classified as a current liability because it has a contractual maturity of less than one year . republic services , inc . and subsidiaries notes to consolidated financial statements %%transmsg*** transmitting job : p14076 pcn : 119000000 ***%%pcmsg|117 |00024|yes|no|02/28/2009 17:21|0|0|page is valid , no graphics -- color : d| .
Question: what is the ratio in the future maturities of debt aggregate maturities from 2013 to 2012
Answer: | 29.66667 |
FINQA2126 | Please answer the given financial question based on the context.
Context: kendal vroman , 39 mr . vroman has served as our managing director , commodity products , otc services & information products since february 2010 . mr . vroman previously served as managing director and chief corporate development officer from 2008 to 2010 . mr . vroman joined us in 2001 and since then has held positions of increasing responsibility , including most recently as managing director , corporate development and managing director , information and technology services . scot e . warren , 47 mr . warren has served as our managing director , equity index products and index services since february 2010 . mr . warren previously served as our managing director , equity products since joining us in 2007 . prior to that , mr . warren worked for goldman sachs as its president , manager trading and business analysis team . prior to goldman sachs , mr . warren managed equity and option execution and clearing businesses for abn amro in chicago and was a senior consultant for arthur andersen & co . for financial services firms . financial information about geographic areas due to the nature of its business , cme group does not track revenues based upon geographic location . we do , however , track trading volume generated outside of traditional u.s . trading hours and through our international telecommunication hubs . our customers can directly access our exchanges throughout the world . the following table shows the percentage of our total trading volume on our globex electronic trading platform generated during non-u.s . hours and through our international hubs. .
||2010|2009|2008|
|trading during non-u.s . hours|13% ( 13 % )|9% ( 9 % )|11% ( 11 % )|
|trading through telecommunication hubs|8|7|8|
available information our web site is www.cmegroup.com . information made available on our web site does not constitute part of this document . we make available on our web site our annual reports on form 10-k , quarterly reports on form 10-q , current reports on form 8-k and amendments to those reports as soon as reasonably practicable after we electronically file or furnish such materials to the sec . our corporate governance materials , including our corporate governance principles , director conflict of interest policy , board of directors code of ethics , categorical independence standards , employee code of conduct and the charters for all the standing committees of our board , may also be found on our web site . copies of these materials are also available to shareholders free of charge upon written request to shareholder relations and member services , attention ms . beth hausoul , cme group inc. , 20 south wacker drive , chicago , illinois 60606. .
Question: what is the increase percentage of trading during the us hours between 2008 and 2009?
Answer: | 2.0 |
FINQA2127 | Please answer the given financial question based on the context.
Context: mastercard incorporated notes to consolidated financial statements 2014 ( continued ) ( in thousands , except percent and per share data ) the following table summarizes expected benefit payments through 2018 including those payments expected to be paid from the company 2019s general assets . since the majority of the benefit payments are made in the form of lump-sum distributions , actual benefit payments may differ from expected benefits payments. .
|2009|$ 19766|
|2010|18182|
|2011|25518|
|2012|21029|
|2013|24578|
|2014 2013 2018|118709|
substantially all of the company 2019s u.s . employees are eligible to participate in a defined contribution savings plan ( the 201csavings plan 201d ) sponsored by the company . the savings plan allows employees to contribute a portion of their base compensation on a pre-tax and after-tax basis in accordance with specified guidelines . the company matches a percentage of employees 2019 contributions up to certain limits . in 2007 and prior years , the company could also contribute to the savings plan a discretionary profit sharing component linked to company performance during the prior year . beginning in 2008 , the discretionary profit sharing amount related to 2007 company performance was paid directly to employees as a short-term cash incentive bonus rather than as a contribution to the savings plan . in addition , the company has several defined contribution plans outside of the united states . the company 2019s contribution expense related to all of its defined contribution plans was $ 35341 , $ 26996 and $ 43594 for 2008 , 2007 and 2006 , respectively . the company had a value appreciation program ( 201cvap 201d ) , which was an incentive compensation plan established in 1995 . annual awards were granted to vap participants from 1995 through 1998 , which entitled participants to the net appreciation on a portfolio of securities of members of mastercard international . in 1999 , the vap was replaced by an executive incentive plan ( 201ceip 201d ) and the senior executive incentive plan ( 201cseip 201d ) ( together the 201ceip plans 201d ) ( see note 16 ( share based payments and other benefits ) ) . contributions to the vap have been discontinued , all plan assets have been disbursed and no vap liability remained as of december 31 , 2008 . the company 2019s liability related to the vap at december 31 , 2007 was $ 986 . the expense ( benefit ) was $ ( 6 ) , $ ( 267 ) and $ 3406 for the years ended december 31 , 2008 , 2007 and 2006 , respectively . note 12 . postemployment and postretirement benefits the company maintains a postretirement plan ( the 201cpostretirement plan 201d ) providing health coverage and life insurance benefits for substantially all of its u.s . employees and retirees hired before july 1 , 2007 . the company amended the life insurance benefits under the postretirement plan effective january 1 , 2007 . the impact , net of taxes , of this amendment was an increase of $ 1715 to accumulated other comprehensive income in 2007. .
Question: what is the ratio of the expected benefit payments for 2009 to 2010
Answer: | 1.08712 |
FINQA2128 | Please answer the given financial question based on the context.
Context: american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) customer leases 2014the company 2019s lease agreements with its customers vary depending upon the industry . television and radio broadcasters prefer long-term leases , while wireless communications providers favor leases in the range of five to ten years . most leases contain renewal options . escalation clauses present in operating leases , excluding those tied to cpi , are straight-lined over the term of the lease . future minimum rental receipts expected from customers under noncancelable operating lease agreements in effect at december 31 , 2002 are as follows ( in thousands ) : year ending december 31 .
|2003|$ 459188|
|2004|439959|
|2005|409670|
|2006|363010|
|2007|303085|
|thereafter|1102597|
|total|$ 3077509|
acquisition commitments 2014as of december 31 , 2002 , the company was party to an agreement relating to the acquisition of tower assets from a third party for an estimated aggregate purchase price of approximately $ 74.0 million . the company may pursue the acquisitions of other properties and businesses in new and existing locations , although there are no definitive material agreements with respect thereto . build-to-suit agreements 2014as of december 31 , 2002 , the company was party to various arrangements relating to the construction of tower sites under existing build-to-suit agreements . under the terms of the agreements , the company is obligated to construct up to 1000 towers over a five year period which includes 650 towers in mexico and 350 towers in brazil over the next three years . the company is in the process of renegotiating several of these agreements to reduce its overall commitment ; however , there can be no assurance that it will be successful in doing so . atc separation 2014the company was a wholly owned subsidiary of american radio systems corporation ( american radio ) until consummation of the spin-off of the company from american radio on june 4 , 1998 ( the atc separation ) . on june 4 , 1998 , the merger of american radio and a subsidiary of cbs corporation ( cbs ) was consummated . as a result of the merger , all of the outstanding shares of the company 2019s common stock owned by american radio were distributed or reserved for distribution to american radio stockholders , and the company ceased to be a subsidiary of , or to be otherwise affiliated with , american radio . furthermore , from that day forward the company began operating as an independent publicly traded company . in connection with the atc separation , the company agreed to reimburse cbs for any tax liabilities incurred by american radio as a result of the transaction . upon completion of the final american radio tax returns , the amount of these tax liabilities was determined and paid by the company . the company continues to be obligated under a tax indemnification agreement with cbs , however , until june 30 , 2003 , subject to the extension of federal and applicable state statutes of limitations . the company is currently aware that the internal revenue service ( irs ) is in the process of auditing certain tax returns filed by cbs and its predecessors , including those that relate to american radio and the atc separation transaction . in the event that the irs imposes additional tax liabilities on american radio relating to the atc separation , the company would be obligated to reimburse cbs for such liabilities . the company cannot currently anticipate or estimate the potential additional tax liabilities , if any , that may be imposed by the irs , however , such amounts could be material to the company 2019s consolidated financial position and results of operations . the company is not aware of any material obligations relating to this tax indemnity as of december 31 , 2002 . accordingly , no amounts have been provided for in the consolidated financial statements relating to this indemnification. .
Question: what portion of future minimum rental receipts is expected to be collected within the next 24 months?
Answer: | 0.29217 |
FINQA2129 | Please answer the given financial question based on the context.
Context: notes to the consolidated financial statements union pacific corporation and subsidiary companies for purposes of this report , unless the context otherwise requires , all references herein to the 201ccorporation 201d , 201cupc 201d , 201cwe 201d , 201cus 201d , and 201cour 201d mean union pacific corporation and its subsidiaries , including union pacific railroad company , which will be separately referred to herein as 201cuprr 201d or the 201crailroad 201d . 1 . nature of operations operations and segmentation 2013 we are a class i railroad that operates in the u.s . our network includes 31898 route miles , linking pacific coast and gulf coast ports with the midwest and eastern u.s . gateways and providing several corridors to key mexican gateways . we own 26027 miles and operate on the remainder pursuant to trackage rights or leases . we serve the western two-thirds of the country and maintain coordinated schedules with other rail carriers for the handling of freight to and from the atlantic coast , the pacific coast , the southeast , the southwest , canada , and mexico . export and import traffic is moved through gulf coast and pacific coast ports and across the mexican and canadian borders . the railroad , along with its subsidiaries and rail affiliates , is our one reportable operating segment . although revenue is analyzed by commodity group , we analyze the net financial results of the railroad as one segment due to the integrated nature of our rail network . the following table provides freight revenue by commodity group : millions 2011 2010 2009 .
|millions|2011|2010|2009|
|agricultural|$ 3324|$ 3018|$ 2666|
|automotive|1510|1271|854|
|chemicals|2815|2425|2102|
|energy|4084|3489|3118|
|industrial products|3166|2639|2147|
|intermodal|3609|3227|2486|
|total freight revenues|$ 18508|$ 16069|$ 13373|
|other revenues|1049|896|770|
|total operatingrevenues|$ 19557|$ 16965|$ 14143|
although our revenues are principally derived from customers domiciled in the u.s. , the ultimate points of origination or destination for some products transported by us are outside the u.s . basis of presentation 2013 the consolidated financial statements are presented in accordance with accounting principles generally accepted in the u.s . ( gaap ) as codified in the financial accounting standards board ( fasb ) accounting standards codification ( asc ) . certain prior year amounts have been disaggregated to provide more detail and conform to the current period financial statement presentation . 2 . significant accounting policies principles of consolidation 2013 the consolidated financial statements include the accounts of union pacific corporation and all of its subsidiaries . investments in affiliated companies ( 20% ( 20 % ) to 50% ( 50 % ) owned ) are accounted for using the equity method of accounting . all intercompany transactions are eliminated . we currently have no less than majority-owned investments that require consolidation under variable interest entity requirements . cash and cash equivalents 2013 cash equivalents consist of investments with original maturities of three months or less . accounts receivable 2013 accounts receivable includes receivables reduced by an allowance for doubtful accounts . the allowance is based upon historical losses , credit worthiness of customers , and current economic conditions . receivables not expected to be collected in one year and the associated allowances are classified as other assets in our consolidated statements of financial position. .
Question: using a three year averageintermodal was what percent of total revenue?
Answer: | 0.19441 |
FINQA2130 | Please answer the given financial question based on the context.
Context: sl green realty corp . it happens here 2012 annual report 59 | 59 during the year ended december a031 , 2012 , when compared to the year ended december a031 , 2011 , we used cash for the follow- ing financing activities ( in thousands ) : .
|proceeds from our debt obligations|$ 254579|
|repayments under our debt obligations|538903|
|proceeds from issuance of common and preferred stock|-92924 ( 92924 )|
|redemption of preferred stock|-200013 ( 200013 )|
|noncontrolling interests contributions in excess of distributions|144957|
|other financing activities|48213|
|dividends and distributions paid|-57372 ( 57372 )|
|increase in net cash provided in financing activities|$ 636343|
ca pita liz ation | as of december a0 31 , 2012 , we had 91249632 shares of common stock , 2759758 units of lim- ited partnership interest in the operating partnership held by persons other than the company , 66668 a0 performance based ltip units , 7700000 a0 shares of our 7.625% ( 7.625 % ) series a0 c cumulative redeemable preferred stock , or series c preferred stock , and 9200000 a0 shares of our 6.50% ( 6.50 % ) series a0 i cumula- tive redeemable preferred stock , or series a0 i preferred stock , outstanding . in addition , we also had preferred units of limited partnership interests in the operating partnership having aggregate liquidation preferences of $ 49.6 a0million held by per- sons other than the company . in september a0 2012 , we redeemed 4000000 a0 shares , or $ 100.0 a0 million , of series c preferred stock at a redemp- tion price of $ 25.00 a0 per share plus a0 $ 0.3707 in accumu- lated and unpaid dividends on such preferred stock through september a0 24 , 2012 . we recognized $ 6.3 a0 million of costs to partially redeem the series c preferred stock . as a result of this redemption , we have 7700000 a0 shares of series a0 c preferred stock outstanding . in august a0 2012 , we issued 9200000 a0 shares of our series a0 i preferred stock with a mandatory liquidation pref- erence of $ 25.00 a0 per share . the series a0 i preferred share- holders receive annual distributions of $ 1.625 a0per share paid on a quarterly basis and distributions are cumulative , sub- ject to certain provisions . we are entitled to redeem our series a0i preferred stock at par for cash at our option on or after august a0 10 , 2017 . net proceeds from the series i preferred stock ( $ 222.2 a0million ) was recorded net of underwriters 2019 dis- count and issuance a0costs . in july a0 2012 , we redeemed all 4000000 a0 shares , or $ 100.0 a0million , of our 7.875% ( 7.875 % ) series a0d cumulative redeemable preferred stock , or series a0d preferred stock , at a redemption price of $ 25.00 a0 per share plus $ 0.4922 in accumulated and unpaid dividends on such preferred stock through july a0 14 , 2012 . we recognized $ 3.7 a0million of costs to fully redeem the series a0d preferred stock . in july a0 2011 , we , along with the operating partnership , entered into an 201cat-the-market 201d equity offering program , or atm program , to sell an aggregate of $ 250.0 a0 million of our common stock . during the year ended december a0 31 , 2012 , we sold 2.6 a0 million shares of our common stock through the atm program for aggregate gross proceeds of approximately $ 204.6 a0 million ( $ 201.3 a0 million of net proceeds after related expenses ) . the net proceeds were used to repay debt , fund new investments and for other corporate purposes . as of december a0 31 , 2012 , we had $ 45.4 a0 million available to issue under the atm a0program . dividend reinvestment and stock purchase plan | in march a0 2012 , we filed a registration statement with the sec for our dividend reinvestment and stock purchase plan , or drip , which automatically became effective upon filing . we registered 3500000 a0shares of common stock under the drip . the drip commenced on september a024 , 2001 . during the years ended december a0 31 , 2012 and 2011 , we issued approximately 1.3 a0 million and 473 a0 shares of our common stock and received approximately $ 99.6 a0million and $ 34000 of net proceeds , respectively , from dividend reinvest- ments and/or stock purchases under the drip . drip shares may be issued at a discount to the market price . second amended and restated 2005 stock option and incentive plan | subject to adjustments upon cer- tain corporate transactions or events , up to a maximum of 10730000 a0 fungible units may be granted as options , restricted stock , phantom shares , dividend equivalent rights and other equity based awards under the second amended and restated 2005 a0 stock option and incentive plan , or the 2005 a0plan . as of december a031 , 2012 , no fungible units were available for issuance under the 2005 a0plan after reserving for shares underlying outstanding restricted stock units , phantom stock units granted pursuant to our non-employee directors 2019 deferral program and ltip units , including , among others , outstanding ltip units issued under our 2011 a0 long-term outperformance plan , which remain subject to performance based a0vesting . 2005 long-ter m outper for m a nce compensation program | in december a0 2005 , the compensation commit- tee of our board of directors approved a long-term incentive compensation program , the 2005 a0 outperformance plan . participants in the 2005 a0 outperformance plan were enti- tled to earn ltip a0 units in our operating partnership if our total return to stockholders for the three-year period beginning december a0 1 , 2005 exceeded a cumulative total return to stockholders of 30% ( 30 % ) ; provided that participants were entitled to earn ltip units earlier in the event that we achieved maximum performance for 30 consecutive days . on june a014 , 2006 , the compensation committee determined that under the terms of the 2005 a0 outperformance plan , as of june a0 8 , 2006 , the performance period had accelerated and the maximum performance pool of $ 49250000 , taking into account forfeitures , had been earned . under the terms of the 2005 a0 outperformance plan , participants also earned additional ltip a0units with a value equal to the distributions .
Question: in 000 , what were proceeds from our debt obligations net of repayments under our debt obligations?
Answer: | -284324.0 |
FINQA2131 | Please answer the given financial question based on the context.
Context: interest expense related to capital lease obligations was $ 1.7 million during both the years ended december 31 , 2013 and 2012 , and $ 1.5 million during the year ended december 31 , 2011 . purchase commitments in the table below , we set forth our enforceable and legally binding purchase obligations as of december 31 , 2013 . some of the amounts included in the table are based on management 2019s estimates and assumptions about these obligations , including their duration , the possibility of renewal , anticipated actions by third parties , and other factors . because these estimates and assumptions are necessarily subjective , our actual payments may vary from those reflected in the table . purchase orders made in the ordinary course of business are excluded from the table below . any amounts for which we are liable under purchase orders are reflected on the consolidated balance sheets as accounts payable and accrued liabilities . these obligations relate to various purchase agreements for items such as minimum amounts of fiber and energy purchases over periods ranging from one to 15 years . total purchase commitments are as follows ( dollars in thousands ) : .
|2014|$ 120971|
|2015|54757|
|2016|14840|
|2017|3017|
|2018|2545|
|thereafter|11536|
|total|$ 207666|
the company purchased a total of $ 61.7 million , $ 27.7 million , and $ 28.5 million during the years ended december 31 , 2013 , 2012 , and 2011 , respectively , under these purchase agreements . the increase in purchase commitments in 2014 , compared with 2013 , relates to the acquisition of boise in fourth quarter 2013 . environmental liabilities the potential costs for various environmental matters are uncertain due to such factors as the unknown magnitude of possible cleanup costs , the complexity and evolving nature of governmental laws and regulations and their interpretations , and the timing , varying costs and effectiveness of alternative cleanup technologies . from 1994 through 2013 , remediation costs at the company 2019s mills and corrugated plants totaled approximately $ 3.2 million . at december 31 , 2013 , the company had $ 34.1 million of environmental-related reserves recorded on its consolidated balance sheet . of the $ 34.1 million , approximately $ 26.5 million related to environmental- related asset retirement obligations discussed in note 14 , asset retirement obligations , and $ 7.6 million related to our estimate of other environmental contingencies . the company recorded $ 7.8 million in 201caccrued liabilities 201d and $ 26.3 million in 201cother long-term liabilities 201d on the consolidated balance sheet . liabilities recorded for environmental contingencies are estimates of the probable costs based upon available information and assumptions . because of these uncertainties , pca 2019s estimates may change . as of the date of this filing , the company believes that it is not reasonably possible that future environmental expenditures for remediation costs and asset retirement obligations above the $ 34.1 million accrued as of december 31 , 2013 , will have a material impact on its financial condition , results of operations , or cash flows . guarantees and indemnifications we provide guarantees , indemnifications , and other assurances to third parties in the normal course of our business . these include tort indemnifications , environmental assurances , and representations and warranties in commercial agreements . at december 31 , 2013 , we are not aware of any material liabilities arising from any guarantee , indemnification , or financial assurance we have provided . if we determined such a liability was probable and subject to reasonable determination , we would accrue for it at that time. .
Question: at december 31 , 2013 , what was the percent of the environmental-related reserves that was related to asset retirement obligations
Answer: | 0.77713 |
FINQA2132 | Please answer the given financial question based on the context.
Context: is used to monitor the risk in the loan classes . loans with higher fico scores and lower ltvs tend to have a lower level of risk . conversely , loans with lower fico scores , higher ltvs , and in certain geographic locations tend to have a higher level of risk . in the first quarter of 2013 , we refined our process for the home equity and residential real estate asset quality indicators shown in the following tables . these refinements include , but are not limited to , improvements in the process for determining lien position and ltv in both table 67 and table 68 . additionally , as of the first quarter of 2013 , we are now presenting table 67 at recorded investment as opposed to our prior presentation of outstanding balance . table 68 continues to be presented at outstanding balance . both the 2013 and 2012 period end balance disclosures are presented in the below tables using this refined process . consumer purchased impaired loan class estimates of the expected cash flows primarily determine the credit impacts of consumer purchased impaired loans . consumer cash flow estimates are influenced by a number of credit related items , which include , but are not limited to : estimated real estate values , payment patterns , updated fico scores , the current economic environment , updated ltv ratios and the date of origination . these key factors are monitored to help ensure that concentrations of risk are mitigated and cash flows are maximized . see note 6 purchased loans for additional information . table 66 : home equity and residential real estate balances in millions december 31 december 31 home equity and residential real estate loans 2013 excluding purchased impaired loans ( a ) $ 44376 $ 42725 home equity and residential real estate loans 2013 purchased impaired loans ( b ) 5548 6638 government insured or guaranteed residential real estate mortgages ( a ) 1704 2279 purchase accounting adjustments 2013 purchased impaired loans ( 116 ) ( 482 ) total home equity and residential real estate loans ( a ) $ 51512 $ 51160 ( a ) represents recorded investment . ( b ) represents outstanding balance . 136 the pnc financial services group , inc . 2013 form 10-k .
|in millions|december 31 2013|december 31 2012|
|home equity and residential real estate loans 2013 excluding purchased impaired loans ( a )|$ 44376|$ 42725|
|home equity and residential real estate loans 2013 purchased impaired loans ( b )|5548|6638|
|government insured or guaranteed residential real estate mortgages ( a )|1704|2279|
|purchase accounting adjustments 2013 purchased impaired loans|-116 ( 116 )|-482 ( 482 )|
|total home equity and residential real estate loans ( a )|$ 51512|$ 51160|
is used to monitor the risk in the loan classes . loans with higher fico scores and lower ltvs tend to have a lower level of risk . conversely , loans with lower fico scores , higher ltvs , and in certain geographic locations tend to have a higher level of risk . in the first quarter of 2013 , we refined our process for the home equity and residential real estate asset quality indicators shown in the following tables . these refinements include , but are not limited to , improvements in the process for determining lien position and ltv in both table 67 and table 68 . additionally , as of the first quarter of 2013 , we are now presenting table 67 at recorded investment as opposed to our prior presentation of outstanding balance . table 68 continues to be presented at outstanding balance . both the 2013 and 2012 period end balance disclosures are presented in the below tables using this refined process . consumer purchased impaired loan class estimates of the expected cash flows primarily determine the credit impacts of consumer purchased impaired loans . consumer cash flow estimates are influenced by a number of credit related items , which include , but are not limited to : estimated real estate values , payment patterns , updated fico scores , the current economic environment , updated ltv ratios and the date of origination . these key factors are monitored to help ensure that concentrations of risk are mitigated and cash flows are maximized . see note 6 purchased loans for additional information . table 66 : home equity and residential real estate balances in millions december 31 december 31 home equity and residential real estate loans 2013 excluding purchased impaired loans ( a ) $ 44376 $ 42725 home equity and residential real estate loans 2013 purchased impaired loans ( b ) 5548 6638 government insured or guaranteed residential real estate mortgages ( a ) 1704 2279 purchase accounting adjustments 2013 purchased impaired loans ( 116 ) ( 482 ) total home equity and residential real estate loans ( a ) $ 51512 $ 51160 ( a ) represents recorded investment . ( b ) represents outstanding balance . 136 the pnc financial services group , inc . 2013 form 10-k .
Question: for 2012 and 2013 what was average total home equity and residential real estate loans in millions?
Answer: | 51336.0 |
FINQA2133 | Please answer the given financial question based on the context.
Context: acquired is represented by allied 2019s infrastructure of market-based collection routes and its related integrated waste transfer and disposal channels , whose value has been included in goodwill . all of the goodwill and other intangible assets resulting from the allied acquisition are not deductible for income tax purposes . pro forma information the consolidated financial statements presented for republic include the operating results of allied from december 5 , 2008 , the date of the acquisition . the following pro forma information is presented assuming the acquisition had been completed as of january 1 , 2008 . the unaudited pro forma information presented has been prepared for illustrative purposes and is not intended to be indicative of the results of operations that would have actually occurred had the acquisition been consummated at the beginning of the periods presented or of future results of the combined operations . furthermore , the pro forma results do not give effect to all cost savings or incremental costs that occur as a result of the integration and consolidation of the acquisition ( in millions , except share and per share amounts ) . year ended december 31 , ( unaudited ) .
||year ended december 31 2008 ( unaudited )|
|revenue|$ 9362.2|
|net income|285.7|
|basic earnings per share|0.76|
|diluted earnings per share|0.75|
the unaudited pro forma financial information includes adjustments for amortization of identifiable intangible assets , accretion of discounts to fair value associated with debt , environmental , self-insurance and other liabilities , accretion of capping , closure and post-closure obligations and amortization of the related assets , and provision for income taxes . restructuring charges as a result of the 2008 allied acquisition , we committed to a restructuring plan related to our corporate overhead and other administrative and operating functions . the plan included closing our corporate office in florida , consolidating administrative functions to arizona , the former headquarters of allied , and reducing staffing levels . the plan also included closing and consolidating certain operating locations and terminating certain leases . during the years ended december 31 , 2010 and 2009 , we incurred $ 11.4 million , net of adjustments , and $ 63.2 million , respectively , of restructuring and integration charges related to our integration of allied . these charges and adjustments primarily related to severance and other employee termination and relocation benefits and consulting and professional fees . substantially all the charges are recorded in our corporate segment . we do not expect to incur additional charges to complete our plan . we expect that the remaining charges will be paid during 2011 . republic services , inc . notes to consolidated financial statements , continued .
Question: for the year ended december 31 2008 what was the net profit margin
Answer: | 0.03052 |
FINQA2134 | 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 portion of the total contractual obligations is related to the repayment of debt principal?
Answer: | 0.45251 |
FINQA2135 | Please answer the given financial question based on the context.
Context: totaled $ 12 million , $ 13 million and $ 9 million for 2018 , 2017 and 2016 , respectively . all of the company 2019s contributions are invested in one or more funds at the direction of the employees . note 16 : commitments and contingencies commitments have been made in connection with certain construction programs . the estimated capital expenditures required under legal and binding contractual obligations amounted to $ 419 million as of december 31 , 2018 . the company 2019s regulated subsidiaries maintain agreements with other water purveyors for the purchase of water to supplement their water supply . the following table provides the future annual commitments related to minimum quantities of purchased water having non-cancelable: .
||amount|
|2019|$ 65|
|2020|65|
|2021|65|
|2022|64|
|2023|57|
|thereafter|641|
the company enters into agreements for the provision of services to water and wastewater facilities for the united states military , municipalities and other customers . see note 3 2014revenue recognition for additional information regarding the company 2019s performance obligations . contingencies the company is routinely involved in legal actions incident to the normal conduct of its business . as of december 31 , 2018 , the company has accrued approximately $ 54 million of probable loss contingencies and has estimated that the maximum amount of losses associated with reasonably possible loss contingencies that can be reasonably estimated is $ 26 million . for certain matters , claims and actions , the company is unable to estimate possible losses . the company believes that damages or settlements , if any , recovered by plaintiffs in such matters , claims or actions , other than as described in this note 16 2014commitments and contingencies , will not have a material adverse effect on the company . west virginia elk river freedom industries chemical spill on june 8 , 2018 , the u.s . district court for the southern district of west virginia granted final approval of a settlement class and global class action settlement ( the 201csettlement 201d ) for all claims and potential claims by all putative class members ( collectively , the 201cplaintiffs 201d ) arising out of the january 2014 freedom industries , inc . chemical spill in west virginia . the effective date of the settlement is july 16 , 2018 . under the terms and conditions of the settlement , west virginia-american water company ( 201cwvawc 201d ) and certain other company affiliated entities ( collectively , the 201camerican water defendants 201d ) did not admit , and will not admit , any fault or liability for any of the allegations made by the plaintiffs in any of the actions that were resolved . under federal class action rules , claimants had the right , until december 8 , 2017 , to elect to opt out of the final settlement . less than 100 of the 225000 estimated putative class members elected to opt out from the settlement , and these claimants will not receive any benefit from or be bound by the terms of the settlement . in june 2018 , the company and its remaining non-participating general liability insurance carrier settled for a payment to the company of $ 20 million , out of a maximum of $ 25 million in potential coverage under the terms of the relevant policy , in exchange for a full release by the american water defendants of all claims against the insurance carrier related to the freedom industries chemical spill. .
Question: what percentage of future annual commitments related to minimum quantities of purchased water having non-cancelable are due in 2020?
Answer: | 957.0 |
FINQA2136 | Please answer the given financial question based on the context.
Context: the following were issued in 2007 : 2022 sfas 141 ( r ) , 201cbusiness combinations 201d 2022 sfas 160 , 201caccounting and reporting of noncontrolling interests in consolidated financial statements , an amendment of arb no . 51 201d 2022 sec staff accounting bulletin no . 109 2022 fin 46 ( r ) 7 , 201capplication of fasb interpretation no . 46 ( r ) to investment companies 201d 2022 fsp fin 48-1 , 201cdefinition of settlement in fasb interpretation ( 201cfin 201d ) no . 48 201d 2022 sfas 159 the following were issued in 2006 with an effective date in 2022 sfas 157 2022 the emerging issues task force ( 201ceitf 201d ) of the fasb issued eitf issue 06-4 , 201caccounting for deferred compensation and postretirement benefit aspects of endorsement split-dollar life insurance arrangements 201d status of defined benefit pension plan we have a noncontributory , qualified defined benefit pension plan ( 201cplan 201d or 201cpension plan 201d ) covering eligible employees . benefits are derived from a cash balance formula based on compensation levels , age and length of service . pension contributions are based on an actuarially determined amount necessary to fund total benefits payable to plan participants . consistent with our investment strategy , plan assets are primarily invested in equity investments and fixed income instruments . plan fiduciaries determine and review the plan 2019s investment policy . we calculate the expense associated with the pension plan in accordance with sfas 87 , 201cemployers 2019 accounting for pensions , 201d and we use assumptions and methods that are compatible with the requirements of sfas 87 , including a policy of reflecting trust assets at their fair market value . on an annual basis , we review the actuarial assumptions related to the pension plan , including the discount rate , the rate of compensation increase and the expected return on plan assets . the discount rate and compensation increase assumptions do not significantly affect pension expense . however , the expected long-term return on assets assumption does significantly affect pension expense . the expected long-term return on plan assets for determining net periodic pension cost for 2008 was 8.25% ( 8.25 % ) , unchanged from 2007 . 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 change by up to $ 7 million as the impact is amortized into results of operations . the table below reflects the estimated effects on pension expense of certain changes in annual assumptions , using 2009 estimated expense as a baseline . change in assumption estimated increase to 2009 pension expense ( in millions ) .
|change in assumption|estimatedincrease to 2009pensionexpense ( in millions )|
|.5% ( .5 % ) decrease in discount rate ( a )||
|.5% ( .5 % ) decrease in expected long-term return on assets|$ 16|
|.5% ( .5 % ) increase in compensation rate|$ 2|
( a ) de minimis . we currently estimate a pretax pension expense of $ 124 million in 2009 compared with a pretax benefit of $ 32 million in 2008 . the 2009 values and sensitivities shown above include the qualified defined benefit plan maintained by national city that we merged into the pnc plan as of december 31 , 2008 . the expected increase in pension cost is attributable not only to the national city acquisition , but also to the significant variance between 2008 actual investment returns and long-term expected returns . 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 permitted 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 expect that the minimum required contributions under the law will be zero for 2009 . we maintain other defined benefit plans that have a less significant effect on financial results , including various nonqualified supplemental retirement plans for certain employees . see note 15 employee benefit plans in the notes to consolidated financial statements in item 8 of this report for additional information . risk management we encounter risk as part of the normal course of our business and we design risk management processes to help manage these risks . this risk management section first provides an overview of the risk measurement , control strategies , and monitoring aspects of our corporate-level risk management processes . following that discussion is an analysis of the risk management process for what we view as our primary areas of risk : credit , operational , liquidity , and market . the discussion of market risk is further subdivided into interest rate , trading , and equity and other investment risk areas . our use of financial derivatives as part of our overall asset and liability risk management process is also addressed within the risk management section of this item 7 . in appropriate places within this section , historical performance is also addressed. .
Question: what was the change in the expected long-term return on plan assets for determining net periodic pension cost in 2008 compared to 2007?
Answer: | 0.0 |
FINQA2137 | Please answer the given financial question based on the context.
Context: note 9 2014goodwill and other intangibles , net goodwill the following table outlines the activity in the carrying value of the company 2019s goodwill , which is all assigned to the company 2019s trading and investing segment ( dollars in thousands ) : .
||trading & investing|
|balance at december 31 2011|$ 1934232|
|activity|2014|
|balance at december 31 2012|1934232|
|impairment of goodwill|-142423 ( 142423 )|
|balance at december 31 2013|$ 1791809|
goodwill is evaluated for impairment on an annual basis and when events or changes indicate the carrying value of an asset exceeds its fair value and the loss may not be recoverable . at december 31 , 2013 and 2012 , the company 2019s trading and investing segment had two reporting units ; market making and retail brokerage . at the end of june 2013 , the company decided to exit its market making business . based on this decision in the second quarter of 2013 , the company conducted an interim goodwill impairment test for the market making reporting unit , using the expected sale structure of the market making business . this structure assumed a shorter period of cash flows related to an order flow arrangement , compared to prior estimates of fair value . based on the results of the first step of the goodwill impairment test , the company determined that the carrying value of the market making reporting unit , including goodwill , exceeded the fair value for that reporting unit as of june 30 , 2013 . the company proceeded to the second step of the goodwill impairment test to measure the amount of goodwill impairment . as a result of the evaluation , it was determined that the entire carrying amount of goodwill allocated to the market making reporting unit was impaired , and the company recognized a $ 142.4 million impairment of goodwill during the second quarter of 2013 . for the year ended december 31 , 2013 , the company performed its annual goodwill assessment for the retail brokerage reporting unit , electing to qualitatively assess whether it was more likely than not that the fair value was less than the carrying value . as a result of this assessment , the company determined that the first step of the goodwill impairment test was not necessary , and concluded that goodwill was not impaired at december 31 , 2013 . at december 31 , 2013 , goodwill is net of accumulated impairment losses of $ 142.4 million related to the trading and investing segment and $ 101.2 million in the balance sheet management segment . at december 31 , 2012 , goodwill is net of accumulated impairment losses of $ 101.2 million in the balance sheet management segment. .
Question: what was the percent of the impairment of goodwill to the total goodwill balance at december 31 2013 \\n
Answer: | 0.07949 |
FINQA2138 | Please answer the given financial question based on the context.
Context: air mobility sales declined by $ 535 million primarily due to c-130j deliveries ( 12 in 2006 compared to 15 in 2005 ) and lower volume on the c-5 program . combat aircraft sales increased by $ 292 million mainly due to higher f-35 and f-22 volume , partially offset by reduced volume on f-16 programs . other aeronautics programs sales increased by $ 83 million primarily due to higher volume in sustainment services activities . operating profit for the segment increased 21% ( 21 % ) in 2007 compared to 2006 . operating profit increases in combat aircraft more than offset decreases in other aeronautics programs and air mobility . combat aircraft operating profit increased $ 326 million mainly due to improved performance on f-22 and f-16 programs . air mobility and other aeronautics programs declined $ 77 million due to lower operating profit in support and sustainment activities . operating profit for the segment increased 20% ( 20 % ) in 2006 compared to 2005 . operating profit increased in both combat aircraft and air mobility . combat aircraft increased $ 114 million , mainly due to higher volume on the f-35 and f-22 programs , and improved performance on f-16 programs . the improvement for the year was also attributable in part to the fact that in 2005 , operating profit included a reduction in earnings on the f-35 program . air mobility operating profit increased $ 84 million , mainly due to improved performance on c-130j sustainment activities in 2006 . backlog decreased in 2007 as compared to 2006 primarily as a result of sales volume on the f-35 program . this decrease was offset partially by increased orders on the f-22 and c-130j programs . electronic systems electronic systems 2019 operating results included the following : ( in millions ) 2007 2006 2005 .
|( in millions )|2007|2006|2005|
|net sales|$ 11143|$ 10519|$ 9811|
|operating profit|1410|1264|1078|
|backlog at year-end|21200|19700|18600|
net sales for electronic systems increased by 6% ( 6 % ) in 2007 compared to 2006 . sales increased in missiles & fire control ( m&fc ) , maritime systems & sensors ( ms2 ) , and platform , training & energy ( pt&e ) . m&fc sales increased $ 258 million mainly due to higher volume in fire control systems and air defense programs , which more than offset declines in tactical missile programs . ms2 sales grew $ 254 million due to volume increases in undersea and radar systems activities that were offset partially by decreases in surface systems activities . pt&e sales increased $ 113 million , primarily due to higher volume in platform integration activities , which more than offset declines in distribution technology activities . net sales for electronic systems increased by 7% ( 7 % ) in 2006 compared to 2005 . higher volume in platform integration activities led to increased sales of $ 329 million at pt&e . ms2 sales increased $ 267 million primarily due to surface systems activities . air defense programs contributed to increased sales of $ 118 million at m&fc . operating profit for the segment increased by 12% ( 12 % ) in 2007 compared to 2006 , representing an increase in all three lines of business during the year . operating profit increased $ 70 million at pt&e primarily due to higher volume and improved performance on platform integration activities . ms2 operating profit increased $ 32 million due to higher volume on undersea and tactical systems activities that more than offset lower volume on surface systems activities . at m&fc , operating profit increased $ 32 million due to higher volume in fire control systems and improved performance in tactical missile programs , which partially were offset by performance on certain international air defense programs in 2006 . operating profit for the segment increased by 17% ( 17 % ) in 2006 compared to 2005 . operating profit increased by $ 74 million at ms2 mainly due to higher volume on surface systems and undersea programs . pt&e operating profit increased $ 61 million mainly due to improved performance on distribution technology activities . higher volume on air defense programs contributed to a $ 52 million increase in operating profit at m&fc . the increase in backlog during 2007 over 2006 resulted primarily from increased orders for certain tactical missile programs and fire control systems at m&fc and platform integration programs at pt&e. .
Question: what was the percentage change in backlog from 2005 to 2006?
Answer: | 0.05914 |
FINQA2139 | Please answer the given financial question based on the context.
Context: page 45 of 100 ball corporation and subsidiaries notes to consolidated financial statements 3 . acquisitions latapack-ball embalagens ltda . ( latapack-ball ) in august 2010 , the company paid $ 46.2 million to acquire an additional 10.1 percent economic interest in its brazilian beverage packaging joint venture , latapack-ball , through a transaction with the joint venture partner , latapack s.a . this transaction increased the company 2019s overall economic interest in the joint venture to 60.1 percent and expands and strengthens ball 2019s presence in the growing brazilian market . as a result of the transaction , latapack-ball became a variable interest entity ( vie ) under consolidation accounting guidelines with ball being identified as the primary beneficiary of the vie and consolidating the joint venture . latapack-ball operates metal beverage packaging manufacturing plants in tres rios , jacarei and salvador , brazil and has been included in the metal beverage packaging , americas and asia , reporting segment . in connection with the acquisition , the company recorded a gain of $ 81.8 million on its previously held equity investment in latapack-ball as a result of required purchase accounting . the following table summarizes the final fair values of the latapack-ball assets acquired , liabilities assumed and non- controlling interest recognized , as well as the related investment in latapack s.a. , as of the acquisition date . the valuation was based on market and income approaches. .
|cash|$ 69.3|
|current assets|84.7|
|property plant and equipment|265.9|
|goodwill|100.2|
|intangible asset|52.8|
|current liabilities|-53.2 ( 53.2 )|
|long-term liabilities|-174.1 ( 174.1 )|
|net assets acquired|$ 345.6|
|noncontrolling interests|$ -132.9 ( 132.9 )|
noncontrolling interests $ ( 132.9 ) the customer relationships were identified as an intangible asset by the company and assigned an estimated life of 13.4 years . the intangible asset is being amortized on a straight-line basis . neuman aluminum ( neuman ) in july 2010 , the company acquired neuman for approximately $ 62 million in cash . neuman had sales of approximately $ 128 million in 2009 ( unaudited ) and is the leading north american manufacturer of aluminum slugs used to make extruded aerosol cans , beverage bottles , aluminum collapsible tubes and technical impact extrusions . neuman operates two plants , one in the united states and one in canada , which employ approximately 180 people . the acquisition of neuman is not material to the metal food and household products packaging , americas , segment , in which its results of operations have been included since the acquisition date . guangdong jianlibao group co. , ltd ( jianlibao ) in june 2010 , the company acquired jianlibao 2019s 65 percent interest in a joint venture metal beverage can and end plant in sanshui ( foshan ) , prc . ball has owned 35 percent of the joint venture plant since 1992 . ball acquired the 65 percent interest for $ 86.9 million in cash ( net of cash acquired ) and assumed debt , and also entered into a long-term supply agreement with jianlibao and one of its affiliates . the company recorded equity earnings of $ 24.1 million , which was composed of equity earnings and a gain realized on the fair value of ball 2019s previous 35 percent equity investment as a result of required purchase accounting . the purchase accounting was completed during the third quarter of 2010 . the acquisition of the remaining interest is not material to the metal beverage packaging , americas and asia , segment. .
Question: what was the implied total value in millions of the brazilian beverage packaging joint venture , latapack-ball , in august 2010?
Answer: | 457.42574 |
FINQA2140 | Please answer the given financial question based on the context.
Context: 2015 compared to 2014 mfc 2019s net sales in 2015 decreased $ 322 million , or 5% ( 5 % ) , compared to the same period in 2014 . the decrease was attributable to lower net sales of approximately $ 345 million for air and missile defense programs due to fewer deliveries ( primarily pac-3 ) and lower volume ( primarily thaad ) ; and approximately $ 85 million for tactical missile programs due to fewer deliveries ( primarily guided multiple launch rocket system ( gmlrs ) ) and joint air-to-surface standoff missile , partially offset by increased deliveries for hellfire . these decreases were partially offset by higher net sales of approximately $ 55 million for energy solutions programs due to increased volume . mfc 2019s operating profit in 2015 decreased $ 62 million , or 5% ( 5 % ) , compared to 2014 . the decrease was attributable to lower operating profit of approximately $ 100 million for fire control programs due primarily to lower risk retirements ( primarily lantirn and sniper ) ; and approximately $ 65 million for tactical missile programs due to lower risk retirements ( primarily hellfire and gmlrs ) and fewer deliveries . these decreases were partially offset by higher operating profit of approximately $ 75 million for air and missile defense programs due to increased risk retirements ( primarily thaad ) . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 60 million lower in 2015 compared to 2014 . backlog backlog decreased in 2016 compared to 2015 primarily due to lower orders on pac-3 , hellfire , and jassm . backlog increased in 2015 compared to 2014 primarily due to higher orders on pac-3 , lantirn/sniper and certain tactical missile programs , partially offset by lower orders on thaad . trends we expect mfc 2019s net sales to increase in the mid-single digit percentage range in 2017 as compared to 2016 driven primarily by our air and missile defense programs . operating profit is expected to be flat or increase slightly . accordingly , operating profit margin is expected to decline from 2016 levels as a result of contract mix and fewer risk retirements in 2017 compared to 2016 . rotary and mission systems as previously described , on november 6 , 2015 , we acquired sikorsky and aligned the sikorsky business under our rms business segment . the 2015 results of the acquired sikorsky business have been included in our financial results from the november 6 , 2015 acquisition date through december 31 , 2015 . as a result , our consolidated operating results and rms business segment operating results for the year ended december 31 , 2015 do not reflect a full year of sikorsky operations . our rms business segment provides design , manufacture , service and support for a variety of military and civil helicopters , ship and submarine mission and combat systems ; mission systems and sensors for rotary and fixed-wing aircraft ; sea and land-based missile defense systems ; radar systems ; the littoral combat ship ( lcs ) ; simulation and training services ; and unmanned systems and technologies . in addition , rms supports the needs of government customers in cybersecurity and delivers communication and command and control capabilities through complex mission solutions for defense applications . rms 2019 major programs include black hawk and seahawk helicopters , aegis combat system ( aegis ) , lcs , space fence , advanced hawkeye radar system , tpq-53 radar system , ch-53k development helicopter , and vh-92a helicopter program . rms 2019 operating results included the following ( in millions ) : .
||2016|2015|2014|
|net sales|$ 13462|$ 9091|$ 8732|
|operating profit|906|844|936|
|operating margin|6.7% ( 6.7 % )|9.3% ( 9.3 % )|10.7% ( 10.7 % )|
|backlog atyear-end|$ 28400|$ 30100|$ 13300|
2016 compared to 2015 rms 2019 net sales in 2016 increased $ 4.4 billion , or 48% ( 48 % ) , compared to 2015 . the increase was primarily attributable to higher net sales of approximately $ 4.6 billion from sikorsky , which was acquired on november 6 , 2015 . net sales for 2015 include sikorsky 2019s results subsequent to the acquisition date , net of certain revenue adjustments required to account for the acquisition of this business . this increase was partially offset by lower net sales of approximately $ 70 million for training .
Question: what are the total operating expenses in 2015?
Answer: | 8247.0 |
FINQA2141 | Please answer the given financial question based on the context.
Context: the company granted 1020 performance shares . the vesting of these shares is contingent on meeting stated goals over a performance period . beginning with restricted stock grants in september 2010 , dividends are accrued on restricted class a common stock and restricted stock units and are paid once the restricted stock vests . the following table summarizes restricted stock and performance shares activity for 2010 : number of shares weighted average grant date fair value .
||number of shares|weighted average grant date fair value|
|outstanding at december 31 2009|116677|$ 280|
|granted|134245|275|
|vested|-34630 ( 34630 )|257|
|cancelled|-19830 ( 19830 )|260|
|outstanding at december 31 2010|196462|283|
the total fair value of restricted stock that vested during the years ended december 31 , 2010 , 2009 and 2008 , was $ 10.3 million , $ 6.2 million and $ 2.5 million , respectively . eligible employees may acquire shares of cme group 2019s class a common stock using after-tax payroll deductions made during consecutive offering periods of approximately six months in duration . shares are purchased at the end of each offering period at a price of 90% ( 90 % ) of the closing price of the class a common stock as reported on the nasdaq . compensation expense is recognized on the dates of purchase for the discount from the closing price . in 2010 , 2009 and 2008 , a total of 4371 , 4402 and 5600 shares , respectively , of class a common stock were issued to participating employees . these shares are subject to a six-month holding period . annual expense of $ 0.1 million for the purchase discount was recognized in 2010 , 2009 and 2008 , respectively . non-executive directors receive an annual award of class a common stock with a value equal to $ 75000 . non-executive directors may also elect to receive some or all of the cash portion of their annual stipend , up to $ 25000 , in shares of stock based on the closing price at the date of distribution . as a result , 7470 , 11674 and 5509 shares of class a common stock were issued to non-executive directors during 2010 , 2009 and 2008 , respectively . these shares are not subject to any vesting restrictions . expense of $ 2.4 million , $ 2.5 million and $ 2.4 million related to these stock-based payments was recognized for the years ended december 31 , 2010 , 2009 and 2008 , respectively. .
Question: what was the sum of the total fair value of restricted stock that vested during 2008 and 2010 in millions
Answer: | 19.0 |
FINQA2142 | Please answer the given financial question based on the context.
Context: leased real property in september 2002 , we completed a sale/leaseback transaction for our 200000 square foot headquarters and manufacturing facility located in bedford , massachusetts and our 62500 square foot lorad manufacturing facility in danbury , connecticut . the lease for these facilities , including the associated land , has a term of 20 years , with four-five year renewal options . we sublease approximately 10000 square feet of the bedford facility to a subtenant , cmp media , under a lease which expires in may 2006 . we also sublease approximately 11000 square feet of the bedford facility to a subtenant , genesys conferencing , under a lease which expires in february we lease a 60000 square feet of office and manufacturing space in danbury , connecticut near our lorad manufacturing facility . this lease expires in december 2012 . we also lease a sales and service office in belgium . item 3 . legal proceedings . in march 2005 , we were served with a complaint filed on november 12 , 2004 by oleg sokolov with the united states district court for the district of connecticut alleging that our htc 2122 grid infringes u.s . patent number 5970118 . the plaintiff is seeking to preliminarily and permanently enjoin us from infringing the patent , as well as damages resulting from the alleged infringement , treble damages and reasonable attorney fees , and such other and further relief as may be available . on april 25 , 2005 , we filed an answer and counterclaims in response to the complaint in which we denied the plaintiff 2019s allegations and , among other things , sought declaratory relief with respect to the patent claims and damages , as well as other relief . on october 28 , 1998 , the plaintiff had previously sued lorad , asserting , among other things , that lorad had misappropriated the plaintiff 2019s trade secrets relating to the htc grid . this previous case was dismissed on august 28 , 2000 . the dismissal was affirmed by the appellate court of the state of connecticut , and the united states supreme court refused to grant certiorari . we do not believe that we infringe any valid or enforceable patents of the plaintiff . however , while we intend to vigorously defend our interests , ongoing litigation can be costly and time consuming , and we cannot guarantee that we will prevail . item 4 . submission of matters to a vote of security holders . at a special meeting of stockholders held november 15 , 2005 , our stockholders approved a proposal to amend our certificate of incorporation to increase the number of shares of common stock the company has authority to issue from 30 million to 90 million . the voting results for the proposal , not adjusted for the effect of the stock split , were as follows: .
|for|against|abstained|broker non-votes|
|17695228|963202|155213|0|
as a result of the amendment , the previously announced two-for-one stock split to be effected as a stock dividend , was paid on november 30 , 2005 to stockholders of record on november 16 , 2005. .
Question: what is the total number of votes that participated in this proposal?
Answer: | 1273628.0 |
FINQA2143 | Please answer the given financial question based on the context.
Context: equity compensation plan information the following table presents the equity securities available for issuance under our equity compensation plans as of december 31 , 2013 . equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights ( 2 ) number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( a ) ( b ) ( c ) equity compensation plans approved by security holders 2956907 $ 35.01 2786760 equity compensation plans not approved by security holders ( 3 ) 2014 2014 2014 .
|plan category|number of securities to be issued upon exercise of outstanding options warrants and rights ( 1 ) ( a ) ( b )|weighted-average exercise price of outstanding optionswarrants and rights ( 2 )|number of securities remaining available for future issuance under equity compensation plans ( excluding securitiesreflected in column ( a ) ) ( c )|
|equity compensation plans approved by security holders|2956907|$ 35.01|2786760|
|equity compensation plans not approved by security holders ( 3 )|2014|2014|2014|
|total|2956907|$ 35.01|2786760|
( 1 ) includes grants made under the huntington ingalls industries , inc . 2012 long-term incentive stock plan ( the "2012 plan" ) , which was approved by our stockholders on may 2 , 2012 , and the huntington ingalls industries , inc . 2011 long-term incentive stock plan ( the "2011 plan" ) , which was approved by the sole stockholder of hii prior to its spin-off from northrop grumman corporation . of these shares , 818723 were subject to stock options , 1002217 were subject to outstanding restricted performance stock rights , 602400 were restricted stock rights , and 63022 were stock rights granted under the 2011 plan . in addition , this number includes 24428 stock rights and 446117 restricted performance stock rights granted under the 2012 plan , assuming target performance achievement . ( 2 ) this is the weighted average exercise price of the 818723 outstanding stock options only . ( 3 ) there are no awards made under plans not approved by security holders . item 13 . certain relationships and related transactions , and director independence information as to certain relationships and related transactions and director independence will be incorporated herein by reference to the proxy statement for our 2014 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year . item 14 . principal accountant fees and services information as to principal accountant fees and services will be incorporated herein by reference to the proxy statement for our 2014 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year. .
Question: what portion of the equity compensation plan approved by security holders is to be issued upon the exercise of the outstanding options warrants and rights?
Answer: | 0.51481 |
FINQA2144 | Please answer the given financial question based on the context.
Context: special purpose entity ( 201cspe 201d ) . the spe obtained a term loan and revolving loan commitment from a third party lender , secured by liens on the assets of the spe , to finance the purchase of the accounts receivable , which included a $ 275 million term loan and a $ 25 million revolving loan commitment . the revolving loan commitment may be increased by an additional $ 35 million as amounts are repaid under the term loan . quintilesims has guaranteed the performance of the obligations of existing and future subsidiaries that sell and service the accounts receivable under the receivables financing facility . the assets of the spe are not available to satisfy any of our obligations or any obligations of our subsidiaries . as of december 31 , 2016 , the full $ 25 million of revolving loan commitment was available under the receivables financing facility . we used the proceeds from the term loan under the receivables financing facility to repay in full the amount outstanding on the then outstanding revolving credit facility under its then outstanding senior secured credit agreement ( $ 150 million ) , to repay $ 25 million of the then outstanding term loan b-3 , to pay related fees and expenses and the remainder was used for general working capital purposes . restrictive covenants our debt agreements provide for certain covenants and events of default customary for similar instruments , including a covenant not to exceed a specified ratio of consolidated senior secured net indebtedness to consolidated ebitda , as defined in the senior secured credit facility and a covenant to maintain a specified minimum interest coverage ratio . if an event of default occurs under any of the company 2019s or the company 2019s subsidiaries 2019 financing arrangements , the creditors under such financing arrangements will be entitled to take various actions , including the acceleration of amounts due under such arrangements , and in the case of the lenders under the revolving credit facility and new term loans , other actions permitted to be taken by a secured creditor . our long-term debt arrangements contain usual and customary restrictive covenants that , among other things , place limitations on our ability to declare dividends . for additional information regarding these restrictive covenants , see part ii , item 5 201cmarket for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities 2014dividend policy 201d and note 11 to our audited consolidated financial statements included elsewhere in this annual report on form 10-k . at december 31 , 2016 , the company was in compliance with the financial covenants under the company 2019s financing arrangements . years ended december 31 , 2016 , 2015 and 2014 cash flow from operating activities .
|( in millions )|year ended december 31 , 2016|year ended december 31 , 2015|year ended december 31 , 2014|
|net cash provided by operating activities|$ 860|$ 476|$ 433|
2016 compared to 2015 cash provided by operating activities increased $ 384 million in 2016 as compared to 2015 . the increase in cash provided by operating activities reflects the increase in net income as adjusted for non-cash items necessary to reconcile net income to cash provided by operating activities . also contributing to the increase were lower payments for income taxes ( $ 15 million ) , and lower cash used in days sales outstanding ( 201cdso 201d ) and accounts payable and accrued expenses . the lower cash used in dso reflects a two-day increase in dso in 2016 compared to a seven-day increase in dso in 2015 . dso can shift significantly at each reporting period depending on the timing of cash receipts under contractual payment terms relative to the recognition of revenue over a project lifecycle. .
Question: what was the percentage change in the net cash provided by operating activities in 2016
Answer: | 0.80672 |
FINQA2145 | Please answer the given financial question based on the context.
Context: we recorded liabilities for certain litigation settlements in prior periods . total liabilities for litigation settlements changed from december 31 , 2006 , as follows : ( in millions ) .
|balance as of december 31 2006|$ 477|
|provision for litigation settlements ( note 20 )|3|
|interest accretion on u.s . merchant lawsuit|38|
|payments|-114 ( 114 )|
|balance as of december 31 2007|$ 404|
|provision for discover settlement|863|
|provision for american express settlement|1649|
|provision for other litigation settlements|6|
|interest accretion on u.s . merchant lawsuit|33|
|interest accretion on american express settlement|44|
|payments on american express settlement|-300 ( 300 )|
|payments on discover settlement|-863 ( 863 )|
|payment on u.s . merchant lawsuit|-100 ( 100 )|
|other payments and accretion|-1 ( 1 )|
|balance as of december 31 2008|$ 1736|
* note that table may not sum due to rounding . contribution expense 2014foundation in may 2006 , in conjunction with our initial public offering ( 201cipo 201d ) , we issued 13496933 shares of our class a common stock as a donation to the foundation that is incorporated in canada and controlled by directors who are independent of us and our customers . the foundation builds on mastercard 2019s existing charitable giving commitments by continuing to support programs and initiatives that help children and youth to access education , understand and utilize technology , and develop the skills necessary to succeed in a diverse and global work force . the vision of the foundation is to make the economy work for everybody by advancing innovative programs in areas of microfinance and youth education . in connection with the donation of the class a common stock , we recorded an expense of $ 395 million which was equal to the aggregate value of the shares we donated . in both 2007 and 2006 , we recorded expenses of $ 20 million for cash donations we made to the foundation , completing our intention , announced at the time of the ipo , to donate approximately $ 40 million in cash to the foundation in support of its operating expenses and charitable disbursements for the first four years of its operations . we may make additional cash contributions to the foundation in the future . the cash and stock donations to the foundation are generally not deductible by mastercard for tax purposes . as a result of this difference between the financial statement and tax treatments of the donations , our effective income tax rate for the year ended december 31 , 2006 is significantly higher than our effective income tax rates for 2007 and 2008 . depreciation and amortization depreciation and amortization expenses increased $ 14 million in 2008 and decreased $ 2 million in 2007 . the increase in depreciation and amortization expense in 2008 is primarily due to increased investments in leasehold and building improvements , data center equipment and capitalized software . the decrease in depreciation and amortization expense in 2007 was primarily related to certain assets becoming fully depreciated . depreciation and amortization will increase as we continue to invest in leasehold and building improvements , data center equipment and capitalized software. .
Question: what is the net change in the balance of total liabilities for litigation settlements during 2008?
Answer: | 1332.0 |
FINQA2146 | Please answer the given financial question based on the context.
Context: amount of commitment expiration per period other commercial commitments after millions total 2012 2013 2014 2015 2016 2016 .
|other commercial commitmentsmillions|total|amount of commitment expiration per period 2012|amount of commitment expiration per period 2013|amount of commitment expiration per period 2014|amount of commitment expiration per period 2015|amount of commitment expiration per period 2016|amount of commitment expiration per period after 2016|
|credit facilities [a]|$ 1800|$ -|$ -|$ -|$ 1800|$ -|$ -|
|receivables securitization facility [b]|600|600|-|-|-|-|-|
|guarantees [c]|325|18|8|214|12|13|60|
|standby letters of credit [d]|24|24|-|-|-|-|-|
|total commercialcommitments|$ 2749|$ 642|$ 8|$ 214|$ 1812|$ 13|$ 60|
[a] none of the credit facility was used as of december 31 , 2011 . [b] $ 100 million of the receivables securitization facility was utilized at december 31 , 2011 , which is accounted for as debt . the full program matures in august 2012 . [c] includes guaranteed obligations related to our headquarters building , equipment financings , and affiliated operations . [d] none of the letters of credit were drawn upon as of december 31 , 2011 . off-balance sheet arrangements guarantees 2013 at december 31 , 2011 , we were contingently liable for $ 325 million in guarantees . we have recorded a liability of $ 3 million for the fair value of these obligations as of december 31 , 2011 and 2010 . we entered into these contingent guarantees in the normal course of business , and they include guaranteed obligations related to our headquarters building , equipment financings , and affiliated operations . the final guarantee expires in 2022 . we are not aware of any existing event of default that would require us to satisfy these guarantees . we do not expect that these guarantees will have a material adverse effect on our consolidated financial condition , results of operations , or liquidity . other matters labor agreements 2013 in january 2010 , the nation 2019s largest freight railroads began the current round of negotiations with the labor unions . generally , contract negotiations with the various unions take place over an extended period of time . this round of negotiations was no exception . in september 2011 , the rail industry reached agreements with the united transportation union . on november 5 , 2011 , a presidential emergency board ( peb ) appointed by president obama issued recommendations to resolve the disputes between the u.s . railroads and 11 unions that had not yet reached agreements . since then , ten unions reached agreements with the railroads , all of them generally patterned on the recommendations of the peb , and the unions subsequently ratified these agreements . the railroad industry reached a tentative agreement with the brotherhood of maintenance of way employees ( bmwe ) on february 2 , 2012 , eliminating the immediate threat of a national rail strike . the bmwe now will commence ratification of this tentative agreement by its members . inflation 2013 long periods of inflation significantly increase asset replacement costs for capital-intensive companies . as a result , assuming that we replace all operating assets at current price levels , depreciation charges ( on an inflation-adjusted basis ) would be substantially greater than historically reported amounts . derivative financial instruments 2013 we may use derivative financial instruments in limited instances to assist in managing our overall exposure to fluctuations in interest rates and fuel prices . we are not a party to leveraged derivatives and , by policy , do not use derivative financial instruments for speculative purposes . derivative financial instruments qualifying for hedge accounting must maintain a specified level of effectiveness between the hedging instrument and the item being hedged , both at inception and throughout the hedged period . we formally document the nature and relationships between the hedging instruments and hedged items at inception , as well as our risk-management objectives , strategies for undertaking the various hedge transactions , and method of assessing hedge effectiveness . changes in the fair market value of derivative financial instruments that do not qualify for hedge accounting are charged to earnings . we may use swaps , collars , futures , and/or forward contracts to mitigate the risk of adverse movements in interest rates and fuel prices ; however , the use of these derivative financial instruments may limit future benefits from favorable price movements. .
Question: how much of the receivables securitization facility was available at december 31 , 2011?
Answer: | 500000000.0 |
FINQA2147 | Please answer the given financial question based on the context.
Context: the facility is considered 201cdebt 201d for purposes of a support agreement between american water and awcc , which serves as a functional equivalent of a guarantee by american water of awcc 2019s payment obligations under the credit facility . also , the company acquired an additional revolving line of credit as part of its keystone acquisition . the total commitment under this credit facility was $ 16 million of which $ 2 million was outstanding as of december 31 , 2015 . the following table summarizes information regarding the company 2019s aggregate credit facility commitments , letter of credit sub-limits and available funds under those revolving credit facilities , as well as outstanding amounts of commercial paper and outstanding borrowings under the respective facilities as of december 31 , 2015 and 2014 : credit facility commitment available credit facility capacity letter of credit sublimit available letter of credit capacity outstanding commercial ( net of discount ) credit line borrowing ( in millions ) december 31 , 2015 . . . . . $ 1266 $ 1182 $ 150 $ 68 $ 626 $ 2 december 31 , 2014 . . . . . $ 1250 $ 1212 $ 150 $ 112 $ 450 $ 2014 the weighted-average interest rate on awcc short-term borrowings for the years ended december 31 , 2015 and 2014 was approximately 0.49% ( 0.49 % ) and 0.31% ( 0.31 % ) , respectively . interest accrues on the keystone revolving line of credit daily at a rate per annum equal to 2.75% ( 2.75 % ) above the greater of the one month or one day libor . capital structure the following table indicates the percentage of our capitalization represented by the components of our capital structure as of december 31: .
||2015|2014|2013|
|total common stockholders' equity|43.5% ( 43.5 % )|45.2% ( 45.2 % )|44.6% ( 44.6 % )|
|long-term debt and redeemable preferred stock at redemption value|50.6% ( 50.6 % )|50.1% ( 50.1 % )|49.3% ( 49.3 % )|
|short-term debt and current portion of long-term debt|5.9% ( 5.9 % )|4.7% ( 4.7 % )|6.1% ( 6.1 % )|
|total|100% ( 100 % )|100% ( 100 % )|100% ( 100 % )|
the changes in the capital structure between periods were mainly attributable to changes in outstanding commercial paper balances . debt covenants our debt agreements contain financial and non-financial covenants . to the extent that we are not in compliance with these covenants such an event may create an event of default under the debt agreement and we or our subsidiaries may be restricted in our ability to pay dividends , issue new debt or access our revolving credit facility . for two of our smaller operating companies , we have informed our counterparties that we will provide only unaudited financial information at the subsidiary level , which resulted in technical non-compliance with certain of their reporting requirements under debt agreements with respect to $ 8 million of outstanding debt . we do not believe this event will materially impact us . our long-term debt indentures contain a number of covenants that , among other things , limit the company from issuing debt secured by the company 2019s assets , subject to certain exceptions . our failure to comply with any of these covenants could accelerate repayment obligations . certain long-term notes and the revolving credit facility require us to maintain a ratio of consolidated debt to consolidated capitalization ( as defined in the relevant documents ) of not more than 0.70 to 1.00 . on december 31 , 2015 , our ratio was 0.56 to 1.00 and therefore we were in compliance with the covenant. .
Question: by how much did the short-term debt and current portion of long-term debt portion of the company's capital structure decrease from 2013 to 2015?
Answer: | -0.002 |
FINQA2148 | Please answer the given financial question based on the context.
Context: a e s 2 0 0 0 f i n a n c i a l r e v i e w in may 2000 , a subsidiary of the company acquired an additional 5% ( 5 % ) of the preferred , non-voting shares of eletropaulo for approximately $ 90 million . in january 2000 , 59% ( 59 % ) of the preferred non-voting shares were acquired for approximately $ 1 billion at auction from bndes , the national development bank of brazil . the price established at auction was approximately $ 72.18 per 1000 shares , to be paid in four annual installments com- mencing with a payment of 18.5% ( 18.5 % ) of the total price upon closing of the transaction and installments of 25.9% ( 25.9 % ) , 27.1% ( 27.1 % ) and 28.5% ( 28.5 % ) of the total price to be paid annually thereafter . at december 31 , 2000 , the company had a total economic interest of 49.6% ( 49.6 % ) in eletropaulo . the company accounts for this investment using the equity method based on the related consortium agreement that allows the exercise of significant influence . in august 2000 , a subsidiary of the company acquired a 49% ( 49 % ) interest in songas limited for approxi- mately $ 40 million . songas limited owns the songo songo gas-to-electricity project in tanzania . under the terms of a project management agreement , the company has assumed overall project management responsibility . the project consists of the refurbishment and operation of five natural gas wells in coastal tanzania , the construction and operation of a 65 mmscf/day gas processing plant and related facilities , the construction of a 230 km marine and land pipeline from the gas plant to dar es salaam and the conversion and upgrading of an existing 112 mw power station in dar es salaam to burn natural gas , with an optional additional unit to be constructed at the plant . since the project is currently under construction , no rev- enues or expenses have been incurred , and therefore no results are shown in the following table . in december 2000 , a subsidiary of the company with edf international s.a . ( 201cedf 201d ) completed the acquisition of an additional 3.5% ( 3.5 % ) interest in light from two sub- sidiaries of reliant energy for approximately $ 136 mil- lion . pursuant to the acquisition , the company acquired 30% ( 30 % ) of the shares while edf acquired the remainder . with the completion of this transaction , the company owns approximately 21.14% ( 21.14 % ) of light . in december 2000 , a subsidiary of the company entered into an agreement with edf to jointly acquire an additional 9.2% ( 9.2 % ) interest in light , which is held by a sub- sidiary of companhia siderurgica nacional ( 201ccsn 201d ) . pursuant to this transaction , the company acquired an additional 2.75% ( 2.75 % ) interest in light for $ 114.6 million . this transaction closed in january 2001 . following the purchase of the light shares previously owned by csn , aes and edf will together be the con- trolling shareholders of light and eletropaulo . aes and edf have agreed that aes will eventually take operational control of eletropaulo and the telecom businesses of light and eletropaulo , while edf will eventually take opera- tional control of light and eletropaulo 2019s electric workshop business . aes and edf intend to continue to pursue a fur- ther rationalization of their ownership stakes in light and eletropaulo , the result of which aes would become the sole controlling shareholder of eletropaulo and edf would become the sole controlling shareholder of light . upon consummation of the transaction , aes will begin consolidating eletropaulo 2019s operating results . the struc- ture and process by which this rationalization may be effected , and the resulting timing , have yet to be deter- mined and will likely be subject to approval by various brazilian regulatory authorities and other third parties . as a result , there can be no assurance that this rationalization will take place . in may 1999 , a subsidiary of the company acquired subscription rights from the brazilian state-controlled eletrobras which allowed it to purchase preferred , non- voting shares in eletropaulo and common shares in light . the aggregate purchase price of the subscription rights and the underlying shares in light and eletropaulo was approximately $ 53 million and $ 77 million , respectively , and represented 3.7% ( 3.7 % ) and 4.4% ( 4.4 % ) economic ownership interest in their capital stock , respectively . the following table presents summarized financial information ( in millions ) for the company 2019s investments in 50% ( 50 % ) or less owned investments accounted for using the equity method: .
|as of and for the years ended december 31,|2000|1999|1998|
|revenues|$ 6241|$ 5960|$ 8091|
|operating income|1989|1839|2079|
|net income|859|62|1146|
|current assets|2423|2259|2712|
|noncurrent assets|13080|15359|19025|
|current liabilities|3370|3637|4809|
|noncurrent liabilities|5927|7536|7356|
|stockholder's equity|6206|6445|9572|
.
Question: what was the change in revenue for the company 2019s investments in 50% ( 50 % ) or less owned investments accounted for using the equity method between 1998 and 1999?
Answer: | -0.26338 |
FINQA2149 | Please answer the given financial question based on the context.
Context: item 2 . properties at december 31 , 2017 , we owned or leased building space ( including offices , manufacturing plants , warehouses , service centers , laboratories and other facilities ) at approximately 375 locations primarily in the u.s . additionally , we manage or occupy approximately 15 government-owned facilities under lease and other arrangements . at december 31 , 2017 , we had significant operations in the following locations : 2022 aeronautics - palmdale , california ; marietta , georgia ; greenville , south carolina ; and fort worth , texas . 2022 missiles and fire control - camdenarkansas ; ocala and orlando , florida ; lexington , kentucky ; and grand prairie , texas . 2022 rotary andmission systems - colorado springs , colorado ; shelton and stratford , connecticut ; orlando and jupiter , florida ; moorestown/mt . laurel , new jersey ; owego and syracuse , new york ; manassas , virginia ; and mielec , poland . 2022 space - sunnyvale , california ; denver , colorado ; valley forge , pennsylvania ; and reading , england . 2022 corporate activities - bethesda , maryland . the following is a summary of our square feet of floor space by business segment at december 31 , 2017 ( in millions ) : owned leased government- owned total .
||owned|leased|government-owned|total|
|aeronautics|5.0|2.1|14.4|21.5|
|missiles and fire control|6.3|2.8|1.8|10.9|
|rotary and mission systems|11.2|6.6|0.4|18.2|
|space|8.6|1.9|6.7|17.2|
|corporate activities|2.7|0.9|2014|3.6|
|total|33.8|14.3|23.3|71.4|
we believe our facilities are in good condition and adequate for their current use.wemay improve , replace or reduce facilities as considered appropriate to meet the needs of our operations . item 3 . legal proceedings we are a party to or have property subject to litigation and other proceedings that arise in the ordinary course of our business , including matters arising under provisions relating to the protection of the environment and are subject to contingencies related to certain businesses we previously owned . these types of matters could result in fines , penalties , compensatory or treble damages or non-monetary sanctions or relief . we believe the probability is remote that the outcome of each of these matters will have a material adverse effect on the corporation as a whole , notwithstanding that the unfavorable resolution of any matter may have a material effect on our net earnings in any particular interim reporting period . we cannot predict the outcome of legal or other proceedings with certainty . these matters include the proceedings summarized in 201cnote 14 2013 legal proceedings , commitments and contingencies 201d included in our notes to consolidated financial statements . we are subject to federal , state , local and foreign requirements for protection of the environment , including those for discharge ofhazardousmaterials and remediationof contaminated sites.due inpart to thecomplexity andpervasivenessof these requirements , we are a party to or have property subject to various lawsuits , proceedings and remediation obligations . the extent of our financial exposure cannot in all cases be reasonably estimated at this time . for information regarding these matters , including current estimates of the amounts that we believe are required for remediation or clean-up to the extent estimable , see 201ccriticalaccounting policies - environmental matters 201d in management 2019s discussion and analysis of financial condition and results of operations and 201cnote 14 2013 legal proceedings , commitments andcontingencies 201d included in ournotes to consolidated financial statements . as a u.s . government contractor , we are subject to various audits and investigations by the u.s . government to determine whetherouroperations arebeingconducted in accordancewith applicable regulatory requirements.u.s.government investigations of us , whether relating to government contracts or conducted for other reasons , could result in administrative , civil , or criminal liabilities , including repayments , fines or penalties being imposed upon us , suspension , proposed debarment , debarment from eligibility for future u.s . government contracting , or suspension of export privileges . suspension or debarment could have a material adverse effect on us because of our dependence on contracts with the u.s . government . u.s . government investigations often take years to complete and many result in no adverse action against us . we also provide products and services to customers outside of the u.s. , which are subject to u.s . and foreign laws and regulations and foreign procurement policies and practices . our compliance with local regulations or applicable u.s . government regulations also may be audited or investigated . item 4 . mine safety disclosures not applicable. .
Question: what percentage of square feet of floor space by business segment at december 31 , 2017 are in the missiles and fire control segment?
Answer: | 0.15266 |
FINQA2150 | Please answer the given financial question based on the context.
Context: polyplastics co. , ltd . polyplastics is a leading supplier of engineered plastics in the asia-pacific region and is a venture between daicel chemical industries ltd. , japan ( 55% ( 55 % ) ) and ticona llc ( 45% ( 45 % ) ownership and a wholly-owned subsidiary of cna holdings llc ) . polyplastics is a producer and marketer of pom and lcp , with principal production facilities located in japan , taiwan , malaysia and china . fortron industries llc . fortron is a leading global producer of polyphenylene sulfide ( "pps" ) , sold under the fortron ae brand , which is used in a wide variety of automotive and other applications , especially those requiring heat and/or chemical resistance . fortron is a limited liability company whose members are ticona fortron inc . ( 50% ( 50 % ) ownership and a wholly-owned subsidiary of cna holdings llc ) and kureha corporation ( 50% ( 50 % ) ) . fortron's facility is located in wilmington , north carolina . this venture combines the sales , marketing , distribution , compounding and manufacturing expertise of celanese with the pps polymer technology expertise of kureha . china acetate strategic ventures . we hold ownership interest in three separate acetate production ventures in china as follows : nantong cellulose fibers co . ltd . ( 31% ( 31 % ) ) , kunming cellulose fibers co . ltd . ( 30% ( 30 % ) ) and zhuhai cellulose fibers co . ltd . ( 30% ( 30 % ) ) . the china national tobacco corporation , the chinese state-owned tobacco entity , controls the remaining ownership interest in each of these ventures . our chinese acetate ventures fund their operations using operating cash flow and pay a dividend in the second quarter of each fiscal year based on the ventures' performance for the preceding year . in 2012 , 2011 and 2010 , we received cash dividends of $ 83 million , $ 78 million and $ 71 million , respectively . during 2012 , our venture's nantong facility completed an expansion of its acetate flake and acetate tow capacity , each by 30000 tons . we made contributions of $ 29 million over three years related to the capacity expansion in nantong . similar expansions since the ventures were formed have led to earnings growth and increased dividends for the company . according to the euromonitor database services , china is estimated to have a 42% ( 42 % ) share of the world's 2011 cigarette consumption and is the fastest growing area for cigarette consumption at an estimated growth rate of 3.5% ( 3.5 % ) per year from 2011 through 2016 . combined , these ventures are a leader in chinese domestic acetate production and we believe we are well positioned to supply chinese cigarette producers . although our ownership interest in each of our china acetate ventures exceeds 20% ( 20 % ) , we account for these investments using the cost method of accounting because we determined that we cannot exercise significant influence over these entities due to local government investment in and influence over these entities , limitations on our involvement in the day-to-day operations and the present inability of the entities to provide timely financial information prepared in accordance with generally accepted accounting principles in the united states ( "us gaap" ) . 2022 other equity method investments infraservs . we hold indirect ownership interests in several german infraserv groups that own and develop industrial parks and provide on-site general and administrative support to tenants . our ownership interest in the equity investments in infraserv ventures are as follows : as of december 31 , 2012 ( in percentages ) .
||as of december 31 2012 ( in percentages )|
|infraserv gmbh & co . gendorf kg|39|
|infraserv gmbh & co . knapsack kg|27|
|infraserv gmbh & co . hoechst kg|32|
raw materials and energy we purchase a variety of raw materials and energy from sources in many countries for use in our production processes . we have a policy of maintaining , when available , multiple sources of supply for materials . however , some of our individual plants may have single sources of supply for some of their raw materials , such as carbon monoxide , steam and acetaldehyde . although we have been able to obtain sufficient supplies of raw materials , there can be no assurance that unforeseen developments will not affect our raw material supply . even if we have multiple sources of supply for a raw material , there can be no assurance that these sources can make up for the loss of a major supplier . it is also possible profitability will be adversely affected if we are required to qualify additional sources of supply to our specifications in the event of the loss of a sole supplier . in addition , the price of raw materials varies , often substantially , from year to year. .
Question: what is the percentage change in the cash dividends received by the company in 2012 compare to 2011?
Answer: | 0.0641 |
FINQA2151 | Please answer the given financial question based on the context.
Context: cash payments for federal , state , and foreign income taxes were $ 238.3 million , $ 189.5 million , and $ 90.7 million for the years ended december 31 , 2015 , 2014 , and 2013 , respectively . the following table summarizes the changes related to pca 2019s gross unrecognized tax benefits excluding interest and penalties ( dollars in millions ) : .
||2015|2014|2013|
|balance as of january 1|$ -4.4 ( 4.4 )|$ -5.4 ( 5.4 )|$ -111.3 ( 111.3 )|
|increase related to acquisition of boise inc . ( a )|2014|2014|-65.2 ( 65.2 )|
|increases related to prior years 2019 tax positions|-2.8 ( 2.8 )|-1.0 ( 1.0 )|-0.1 ( 0.1 )|
|increases related to current year tax positions|-0.4 ( 0.4 )|-0.3 ( 0.3 )|-1.5 ( 1.5 )|
|decreases related to prior years' tax positions ( b )|2014|0.9|64.8|
|settlements with taxing authorities ( c )|0.7|0.5|106.2|
|expiration of the statute of limitations|1.1|0.9|1.7|
|balance at december 31|$ -5.8 ( 5.8 )|$ -4.4 ( 4.4 )|$ -5.4 ( 5.4 )|
( a ) in 2013 , pca acquired $ 65.2 million of gross unrecognized tax benefits from boise inc . that related primarily to the taxability of the alternative energy tax credits . ( b ) the 2013 amount includes a $ 64.3 million gross decrease related to the taxability of the alternative energy tax credits claimed in 2009 excise tax returns by boise inc . for further discussion regarding these credits , see note 7 , alternative energy tax credits . ( c ) the 2013 amount includes a $ 104.7 million gross decrease related to the conclusion of the internal revenue service audit of pca 2019s alternative energy tax credits . for further discussion regarding these credits , see note 7 , alternative energy tax credits . at december 31 , 2015 , pca had recorded a $ 5.8 million gross reserve for unrecognized tax benefits , excluding interest and penalties . of the total , $ 4.2 million ( net of the federal benefit for state taxes ) would impact the effective tax rate if recognized . pca recognizes interest accrued related to unrecognized tax benefits and penalties as income tax expense . at december 31 , 2015 and 2014 , we had an insignificant amount of interest and penalties recorded for unrecognized tax benefits included in the table above . pca does not expect the unrecognized tax benefits to change significantly over the next 12 months . pca is subject to taxation in the united states and various state and foreign jurisdictions . a federal examination of the tax years 2010 2014 2012 was concluded in february 2015 . a federal examination of the 2013 tax year began in october 2015 . the tax years 2014 2014 2015 remain open to federal examination . the tax years 2011 2014 2015 remain open to state examinations . some foreign tax jurisdictions are open to examination for the 2008 tax year forward . through the boise acquisition , pca recorded net operating losses and credit carryforwards from 2008 through 2011 and 2013 that are subject to examinations and adjustments for at least three years following the year in which utilized . 7 . alternative energy tax credits the company generates black liquor as a by-product of its pulp manufacturing process , which entitled it to certain federal income tax credits . when black liquor is mixed with diesel , it is considered an alternative fuel that was eligible for a $ 0.50 per gallon refundable alternative energy tax credit for gallons produced before december 31 , 2009 . black liquor was also eligible for a $ 1.01 per gallon taxable cellulosic biofuel producer credit for gallons of black liquor produced and used in 2009 . in 2013 , we reversed $ 166.0 million of a reserve for unrecognized tax benefits for alternative energy tax credits as a benefit to income taxes . approximately $ 103.9 million ( $ 102.0 million of tax , net of the federal benefit for state taxes , plus $ 1.9 million of accrued interest ) of the reversal is due to the completion of the irs .
Question: of the decreases related to prior years' tax positions , what percent of the 2013 amount is the gross decrease related to the taxability of the alternative energy tax credits claimed in 2009 excise tax returns by boise inc?
Answer: | 0.99228 |
FINQA2152 | Please answer the given financial question based on the context.
Context: entergy corporation and subsidiaries management's financial discussion and analysis net revenue 2004 compared to 2003 net revenue , which is entergy's measure of gross margin , consists of operating revenues net of : 1 ) fuel , fuel-related , and purchased power expenses and 2 ) other regulatory credits . following is an analysis of the change in net revenue comparing 2004 to 2003. .
||( in millions )|
|2003 net revenue|$ 4214.5|
|volume/weather|68.3|
|summer capacity charges|17.4|
|base rates|10.6|
|deferred fuel cost revisions|-46.3 ( 46.3 )|
|price applied to unbilled sales|-19.3 ( 19.3 )|
|other|-1.2 ( 1.2 )|
|2004 net revenue|$ 4244.0|
the volume/weather variance resulted primarily from increased usage , partially offset by the effect of milder weather on sales during 2004 compared to 2003 . billed usage increased a total of 2261 gwh in the industrial and commercial sectors . the summer capacity charges variance was due to the amortization in 2003 at entergy gulf states and entergy louisiana of deferred capacity charges for the summer of 2001 . entergy gulf states' amortization began in june 2002 and ended in may 2003 . entergy louisiana's amortization began in august 2002 and ended in july 2003 . base rates increased net revenue due to a base rate increase at entergy new orleans that became effective in june 2003 . the deferred fuel cost revisions variance resulted primarily from a revision in 2003 to an unbilled sales pricing estimate to more closely align the fuel component of that pricing with expected recoverable fuel costs at entergy louisiana . deferred fuel cost revisions also decreased net revenue due to a revision in 2004 to the estimate of fuel costs filed for recovery at entergy arkansas in the march 2004 energy cost recovery rider . the price applied to unbilled sales variance resulted from a decrease in fuel price in 2004 caused primarily by the effect of nuclear plant outages in 2003 on average fuel costs . gross operating revenues and regulatory credits gross operating revenues include an increase in fuel cost recovery revenues of $ 475 million and $ 18 million in electric and gas sales , respectively , primarily due to higher fuel rates in 2004 resulting from increases in the market prices of purchased power and natural gas . as such , this revenue increase is offset by increased fuel and purchased power expenses . other regulatory credits increased primarily due to the following : 2022 cessation of the grand gulf accelerated recovery tariff that was suspended in july 2003 ; 2022 the amortization in 2003 of deferred capacity charges for summer 2001 power purchases at entergy gulf states and entergy louisiana ; 2022 the deferral in 2004 of $ 14.3 million of capacity charges related to generation resource planning as allowed by the lpsc ; 2022 the deferral in 2004 by entergy louisiana of $ 11.4 million related to the voluntary severance program , in accordance with a proposed stipulation entered into with the lpsc staff ; and .
Question: what is the growth rate in net revenue in 2004 for entergy corporation?
Answer: | 0.007 |
FINQA2153 | Please answer the given financial question based on the context.
Context: entergy arkansas , inc . management's financial discussion and analysis financing alternatives for any such spending , and future spending estimates could change based on the results of this continuing analysis . entergy's utility supply plan initiative will continue to seek to transform its generation portfolio with new or repowered generation resources . opportunities resulting from the supply plan initiative , including new projects or the exploration of alternative financing sources , could result in increases or decreases in the capital expenditure estimates given above . the estimated capital expenditures are subject to periodic review and modification and may vary based on the ongoing effects of regulatory constraints , market volatility , economic trends , environmental compliance , and the ability to access capital . management provides more information on long-term debt and preferred stock maturities in notes 5 and 6 to the financial statements . as a wholly-owned subsidiary , entergy arkansas pays dividends to entergy corporation from its earnings at a percentage determined monthly . entergy arkansas' long-term debt indentures restrict the amount of retained earnings available for the payment of cash dividends or other distributions on its common and preferred stock . as of december 31 , 2008 , entergy arkansas had restricted retained earnings unavailable for distribution to entergy corporation of $ 461.6 million . sources of capital entergy arkansas' sources to meet its capital requirements include : internally generated funds ; cash on hand ; debt or preferred stock issuances ; and bank financing under new or existing facilities . entergy arkansas may refinance or redeem debt and preferred stock prior to maturity , to the extent market conditions and interest and dividend rates are favorable . all debt and common and preferred stock issuances by entergy arkansas require prior regulatory approval . preferred stock and debt issuances are also subject to issuance tests set forth in entergy arkansas' corporate charters , bond indentures , and other agreements . entergy arkansas has sufficient capacity under these tests to meet its foreseeable capital needs . in april 2008 , entergy arkansas renewed its $ 100 million credit facility through april 2009 . the credit facility requires that entergy arkansas maintain a debt ratio of 65% ( 65 % ) or less of it total capitalization . there were no outstanding borrowings under the entergy arkansas credit facility as of december 31 , 2008 . in july 2008 , entergy arkansas issued $ 300 million of 5.40% ( 5.40 % ) series first mortgage bonds due august 2013 . entergy arkansas used a portion of the net proceeds to fund the purchase of the ouachita power plant on september 30 , 2008 , and the remaining net proceeds will be used to fund improvements relating to the ouachita power plant and for general corporate purposes . entergy arkansas' receivables from or ( payables to ) the money pool were as follows as of december 31 for each of the following years: .
|2008|2007|2006|2005|
|( in thousands )|( in thousands )|( in thousands )|( in thousands )|
|$ 15991|( $ 77882 )|$ 16109|( $ 27346 )|
in may 2007 , $ 1.8 million of entergy arkansas' receivable from the money pool was replaced by a note receivable from entergy new orleans . see note 4 to the financial statements for a description of the money pool. .
Question: what is the annual interest expense related to the series first mortgage bonds due august 2013 , in millions?
Answer: | 16.2 |
FINQA2154 | Please answer the given financial question based on the context.
Context: table of contents notes to consolidated financial statements of american airlines , inc . certificate of incorporation ( the certificate of incorporation ) contains transfer restrictions applicable to certain substantial stockholders . although the purpose of these transfer restrictions is to prevent an ownership change from occurring , there can be no assurance that an ownership change will not occur even with these transfer restrictions . a copy of the certificate of incorporation was attached as exhibit 3.1 to a current report on form 8-k filed by aag with the sec on december 9 , 2013 . 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 in the chapter 11 cases . the following table summarizes the components included in reorganization items , net on the consolidated statement of operations for the year ended december 31 , 2013 ( in millions ) : december 31 .
||december 31 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 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 . ( 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 john f . kennedy international airport ( jfk ) , and rejected bonds that financed certain improvements at chicago o 2019hare international airport ( 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: what portion of the total net reorganization items are related to professional fees?
Answer: | 0.07538 |
FINQA2155 | Please answer the given financial question based on the context.
Context: aeronautics 2019 operating profit for 2012 increased $ 69 million , or 4% ( 4 % ) , compared to 2011 . the increase was attributable to higher operating profit of approximately $ 105 million from c-130 programs due to an increase in risk retirements ; about $ 50 million from f-16 programs due to higher aircraft deliveries partially offset by a decline in risk retirements ; approximately $ 50 million from f-35 production contracts due to increased production volume and risk retirements ; and about $ 50 million from the completion of purchased intangible asset amortization on certain f-16 contracts . partially offsetting the increases was lower operating profit of about $ 90 million from the f-35 development contract primarily due to the inception-to-date effect of reducing the profit booking rate in the second quarter of 2012 ; approximately $ 50 million from decreased production volume and risk retirements on the f-22 program partially offset by a resolution of a contractual matter in the second quarter of 2012 ; and approximately $ 45 million primarily due to a decrease in risk retirements on other sustainment activities partially offset by various other aeronautics programs due to increased risk retirements and volume . operating profit for c-5 programs was comparable to 2011 . adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 30 million lower for 2012 compared to 2011 . backlog backlog decreased in 2013 compared to 2012 mainly due to lower orders on f-16 , c-5 , and c-130 programs , partially offset by higher orders on the f-35 program . backlog decreased in 2012 compared to 2011 mainly due to lower orders on f-35 and c-130 programs , partially offset by higher orders on f-16 programs . trends we expect aeronautics 2019 net sales to increase in 2014 in the mid-single digit percentage range as compared to 2013 primarily due to an increase in net sales from f-35 production contracts . operating profit is expected to increase slightly from 2013 , resulting in a slight decrease in operating margins between the years due to program mix . information systems & global solutions our is&gs business segment provides advanced technology systems and expertise , integrated information technology solutions , and management services across a broad spectrum of applications for civil , defense , intelligence , and other government customers . is&gs has a portfolio of many smaller contracts as compared to our other business segments . is&gs has been impacted by the continued downturn in federal information technology budgets . is&gs 2019 operating results included the following ( in millions ) : .
||2013|2012|2011|
|net sales|$ 8367|$ 8846|$ 9381|
|operating profit|759|808|874|
|operating margins|9.1% ( 9.1 % )|9.1% ( 9.1 % )|9.3% ( 9.3 % )|
|backlog at year-end|8300|8700|9300|
2013 compared to 2012 is&gs 2019 net sales decreased $ 479 million , or 5% ( 5 % ) , for 2013 compared to 2012 . the decrease was attributable to lower net sales of about $ 495 million due to decreased volume on various programs ( command and control programs for classified customers , ngi , and eram programs ) ; and approximately $ 320 million due to the completion of certain programs ( such as total information processing support services , the transportation worker identification credential ( twic ) , and odin ) . the decrease was partially offset by higher net sales of about $ 340 million due to the start-up of certain programs ( such as the disa gsm-o and the national science foundation antarctic support ) . is&gs 2019 operating profit decreased $ 49 million , or 6% ( 6 % ) , for 2013 compared to 2012 . the decrease was primarily attributable to lower operating profit of about $ 55 million due to certain programs nearing the end of their lifecycles , partially offset by higher operating profit of approximately $ 15 million due to the start-up of certain programs . adjustments not related to volume , including net profit booking rate adjustments and other matters , were comparable for 2013 compared to 2012 compared to 2011 is&gs 2019 net sales for 2012 decreased $ 535 million , or 6% ( 6 % ) , compared to 2011 . the decrease was attributable to lower net sales of approximately $ 485 million due to the substantial completion of various programs during 2011 ( primarily jtrs ; odin ; and u.k . census ) ; and about $ 255 million due to lower volume on numerous other programs ( primarily hanford; .
Question: as part of the is&gs results of operation what as the average operating profit from 2011 to 2013
Answer: | 813.66667 |
FINQA2156 | Please answer the given financial question based on the context.
Context: n o t e s t o t h e c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( continued ) ace limited and subsidiaries 20 . statutory financial information the company 2019s insurance and reinsurance subsidiaries are subject to insurance laws and regulations in the jurisdictions in which they operate . these regulations include restrictions that limit the amount of dividends or other distributions , such as loans or cash advances , available to shareholders without prior approval of the insurance regulatory authorities . there are no statutory restrictions on the payment of dividends from retained earnings by any of the bermuda subsidiaries as the minimum statutory capital and surplus requirements are satisfied by the share capital and additional paid-in capital of each of the bermuda subsidiaries . the company 2019s u.s . subsidiaries file financial statements prepared in accordance with statutory accounting practices prescribed or permitted by insurance regulators . statutory accounting differs from gaap in the reporting of certain reinsurance contracts , investments , subsidiaries , acquis- ition expenses , fixed assets , deferred income taxes , and certain other items . the statutory capital and surplus of the u.s . subsidiaries met regulatory requirements for 2009 , 2008 , and 2007 . the amount of dividends available to be paid in 2010 , without prior approval from the state insurance departments , totals $ 733 million . the combined statutory capital and surplus and statutory net income of the bermuda and u.s . subsidiaries as at and for the years ended december 31 , 2009 , 2008 , and 2007 , are as follows: .
|( in millions of u.s . dollars )|bermuda subsidiaries 2009|bermuda subsidiaries 2008|bermuda subsidiaries 2007|bermuda subsidiaries 2009|bermuda subsidiaries 2008|2007|
|statutory capital and surplus|$ 9299|$ 6205|$ 8579|$ 5801|$ 5368|$ 5321|
|statutory net income|$ 2472|$ 2196|$ 1535|$ 870|$ 818|$ 873|
as permitted by the restructuring discussed previously in note 7 , certain of the company 2019s u.s . subsidiaries discount certain a&e liabilities , which increased statutory capital and surplus by approximately $ 215 million , $ 211 million , and $ 140 million at december 31 , 2009 , 2008 , and 2007 , respectively . the company 2019s international subsidiaries prepare statutory financial statements based on local laws and regulations . some jurisdictions impose complex regulatory requirements on insurance companies while other jurisdictions impose fewer requirements . in some countries , the company must obtain licenses issued by governmental authorities to conduct local insurance business . these licenses may be subject to reserves and minimum capital and solvency tests . jurisdictions may impose fines , censure , and/or criminal sanctions for violation of regulatory requirements . 21 . information provided in connection with outstanding debt of subsidiaries the following tables present condensed consolidating financial information at december 31 , 2009 , and december 31 , 2008 , and for the years ended december 31 , 2009 , 2008 , and 2007 , for ace limited ( the parent guarantor ) and its 201csubsidiary issuer 201d , ace ina holdings , inc . the subsidiary issuer is an indirect 100 percent-owned subsidiary of the parent guarantor . investments in subsidiaries are accounted for by the parent guarantor under the equity method for purposes of the supplemental consolidating presentation . earnings of subsidiaries are reflected in the parent guarantor 2019s investment accounts and earnings . the parent guarantor fully and unconditionally guarantees certain of the debt of the subsidiary issuer. .
Question: in 2009 what was the ratio of the statutory capital and surplus statutory net income
Answer: | 3.76173 |
FINQA2157 | 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 increase of the expense for all of the defined contribution savings plans in 2011 compared with 2010 , in millions?
Answer: | 0.9 |
FINQA2158 | Please answer the given financial question based on the context.
Context: cross-border outstandings to countries in which we do business which amounted to at least 1% ( 1 % ) of our consolidated total assets were as follows as of december 31 : 2007 2006 2005 ( in millions ) .
|( in millions )|2007|2006|2005|
|united kingdom|$ 5951|$ 5531|$ 2696|
|canada|4565|2014|1463|
|australia|3567|1519|1441|
|netherlands|2014|2014|992|
|germany|2944|2696|4217|
|total cross-border outstandings|$ 17027|$ 9746|$ 10809|
the total cross-border outstandings presented in the table represented 12% ( 12 % ) , 9% ( 9 % ) and 11% ( 11 % ) of our consolidated total assets as of december 31 , 2007 , 2006 and 2005 , respectively . there were no cross- border outstandings to countries which totaled between .75% ( .75 % ) and 1% ( 1 % ) of our consolidated total assets as of december 31 , 2007 . aggregate cross-border outstandings to countries which totaled between .75% ( .75 % ) and 1% ( 1 % ) of our consolidated total assets at december 31 , 2006 , amounted to $ 1.05 billion ( canada ) and at december 31 , 2005 , amounted to $ 1.86 billion ( belgium and japan ) . capital regulatory and economic capital management both use key metrics evaluated by management to ensure that our actual level of capital is commensurate with our risk profile , is in compliance with all regulatory requirements , and is sufficient to provide us with the financial flexibility to undertake future strategic business initiatives . regulatory capital our objective with respect to regulatory capital management is to maintain a strong capital base in order to provide financial flexibility for our business needs , including funding corporate growth and supporting customers 2019 cash management needs , and to provide protection against loss to depositors and creditors . we strive to maintain an optimal level of capital , commensurate with our risk profile , on which an attractive return to shareholders will be realized over both the short and long term , while protecting our obligations to depositors and creditors and satisfying regulatory requirements . our capital management process focuses on our risk exposures , our capital position relative to our peers , regulatory capital requirements and the evaluations of the major independent credit rating agencies that assign ratings to our public debt . the capital committee , working in conjunction with the asset and liability committee , referred to as 2018 2018alco , 2019 2019 oversees the management of regulatory capital , and is responsible for ensuring capital adequacy with respect to regulatory requirements , internal targets and the expectations of the major independent credit rating agencies . the primary regulator of both state street and state street bank for regulatory capital purposes is the federal reserve board . both state street and state street bank are subject to the minimum capital requirements established by the federal reserve board and defined in the federal deposit insurance corporation improvement act of 1991 . state street bank must meet the regulatory capital thresholds for 2018 2018well capitalized 2019 2019 in order for the parent company to maintain its status as a financial holding company. .
Question: what was the value of the company's consolidated total assets , in millions of dollars , as of december 31 , 2007?
Answer: | 141891.66667 |
FINQA2159 | Please answer the given financial question based on the context.
Context: incentive compensation cost the following table shows components of compensation expense , relating to certain of the incentive compensation programs described above : in a0millions a0of a0dollars 2018 2017 2016 charges for estimated awards to retirement-eligible employees $ 669 $ 659 $ 555 amortization of deferred cash awards , deferred cash stock units and performance stock units 202 354 336 immediately vested stock award expense ( 1 ) 75 70 73 amortization of restricted and deferred stock awards ( 2 ) 435 474 509 .
|in millions of dollars|2018|2017|2016|
|charges for estimated awards to retirement-eligible employees|$ 669|$ 659|$ 555|
|amortization of deferred cash awards deferred cash stock units and performance stock units|202|354|336|
|immediately vested stock award expense ( 1 )|75|70|73|
|amortization of restricted and deferred stock awards ( 2 )|435|474|509|
|other variable incentive compensation|640|694|710|
|total|$ 2021|$ 2251|$ 2183|
( 1 ) represents expense for immediately vested stock awards that generally were stock payments in lieu of cash compensation . the expense is generally accrued as cash incentive compensation in the year prior to grant . ( 2 ) all periods include amortization expense for all unvested awards to non-retirement-eligible employees. .
Question: what was the percentage change in the total incentive compensation from 2017 to 2018
Answer: | -0.10218 |
FINQA2160 | 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: for acquisitions in 2017 what percentage of recorded a total acquired intangible assets was in-process technology?
Answer: | 0.93586 |
FINQA2161 | Please answer the given financial question based on the context.
Context: jpmorgan chase & co . / 2005 annual report 123 litigation reserve the firm maintains litigation reserves for certain of its litigations , including its material legal proceedings . while the outcome of litigation is inherently uncertain , management believes , in light of all information known to it at december 31 , 2005 , that the firm 2019s litigation reserves were adequate at such date . management reviews litigation reserves periodically , and the reserves may be increased or decreased in the future to reflect further litigation devel- opments . the firm believes it has meritorious defenses to claims asserted against it in its currently outstanding litigation and , with respect to such liti- gation , intends to continue to defend itself vigorously , litigating or settling cases according to management 2019s judgment as to what is in the best interest of stockholders . note 26 2013 accounting for derivative instruments and hedging activities derivative instruments enable end users to increase , reduce or alter exposure to credit or market risks . the value of a derivative is derived from its reference to an underlying variable or combination of variables such as equity , foreign exchange , credit , commodity or interest rate prices or indices . jpmorgan chase makes markets in derivatives for customers and also is an end-user of derivatives in order to manage the firm 2019s exposure to credit and market risks . sfas 133 , as amended by sfas 138 and sfas 149 , establishes accounting and reporting standards for derivative instruments , including those used for trading and hedging activities , and derivative instruments embedded in other contracts . all free-standing derivatives , whether designated for hedging rela- tionships or not , are required to be recorded on the balance sheet at fair value . the accounting for changes in value of a derivative depends on whether the contract is for trading purposes or has been designated and qualifies for hedge accounting . the majority of the firm 2019s derivatives are entered into for trading purposes . the firm also uses derivatives as an end user to hedge market exposures , modify the interest rate characteristics of related balance sheet instruments or meet longer-term investment objectives . both trading and end-user derivatives are recorded at fair value in trading assets and trading liabilities as set forth in note 3 on page 94 of this annual report . in order to qualify for hedge accounting , a derivative must be considered highly effective at reducing the risk associated with the exposure being hedged . each derivative must be designated as a hedge , with documentation of the risk management objective and strategy , including identification of the hedging instrument , the hedged item and the risk exposure , and how effectiveness is to be assessed prospectively and retrospectively . the extent to which a hedging instrument is effective at achieving offsetting changes in fair value or cash flows must be assessed at least quarterly . any ineffectiveness must be reported in current-period earnings . for qualifying fair value hedges , all changes in the fair value of the derivative and in the fair value of the item for the risk being hedged are recognized in earnings . if the hedge relationship is terminated , then the fair value adjust- ment to the hedged item continues to be reported as part of the basis of the item and is amortized to earnings as a yield adjustment . for qualifying cash flow hedges , the effective portion of the change in the fair value of the derivative is recorded in other comprehensive income and recognized in the income statement when the hedged cash flows affect earnings . the ineffective portions of cash flow hedges are immediately recognized in earnings . if the hedge relationship is terminated , then the change in fair value of the derivative recorded in other comprehensive income is recognized when the cash flows that were hedged occur , consistent with the original hedge strategy . for hedge relationships discontinued because the forecasted transaction is not expected to occur according to the original strategy , any related derivative amounts recorded in other comprehensive income are immediately recognized in earnings . for qualifying net investment hedges , changes in the fair value of the derivative or the revaluation of the foreign currency 2013denominated debt instrument are recorded in the translation adjustments account within other comprehensive income . any ineffective portions of net investment hedges are immediately recognized in earnings . jpmorgan chase 2019s fair value hedges primarily include hedges of fixed-rate long-term debt , loans , afs securities and msrs . interest rate swaps are the most common type of derivative contract used to modify exposure to interest rate risk , converting fixed-rate assets and liabilities to a floating rate . interest rate options , swaptions and forwards are also used in combination with interest rate swaps to hedge the fair value of the firm 2019s msrs . for a further discussion of msr risk management activities , see note 15 on pages 114 2013116 of this annual report . all amounts have been included in earnings consistent with the classification of the hedged item , primarily net interest income , mortgage fees and related income , and other income . the firm did not recognize any gains or losses during 2005 on firm commitments that no longer qualify as fair value hedges . jpmorgan chase also enters into derivative contracts to hedge exposure to variability in cash flows from floating-rate financial instruments and forecasted transactions , primarily the rollover of short-term assets and liabilities , and foreign currency-denominated revenues and expenses . interest rate swaps , futures and forward contracts are the most common instruments used to reduce the impact of interest rate and foreign exchange rate changes on future earnings . all amounts affecting earnings have been recognized consistent with the classification of the hedged item , primarily net interest income . the firm uses forward foreign exchange contracts and foreign currency- denominated debt instruments to protect the value of net investments in foreign currencies in non-u.s . subsidiaries . the portion of the hedging instru- ments excluded from the assessment of hedge effectiveness ( forward points ) is recorded in net interest income . the following table presents derivative instrument hedging-related activities for the periods indicated : year ended december 31 , ( in millions ) ( a ) 2005 2004 fair value hedge ineffective net gains/ ( losses ) ( b ) $ ( 58 ) $ 199 cash flow hedge ineffective net gains/ ( losses ) ( b ) ( 2 ) 2014 cash flow hedging gains on forecasted transactions that failed to occur 2014 1 ( a ) 2004 results include six months of the combined firm 2019s results and six months of heritage jpmorgan chase results . ( b ) includes ineffectiveness and the components of hedging instruments that have been excluded from the assessment of hedge effectiveness . over the next 12 months , it is expected that $ 44 million ( after-tax ) of net gains recorded in other comprehensive income at december 31 , 2005 , will be recognized in earnings . the maximum length of time over which forecasted transactions are hedged is 10 years , and such transactions primarily relate to core lending and borrowing activities . jpmorgan chase does not seek to apply hedge accounting to all of the firm 2019s economic hedges . for example , the firm does not apply hedge accounting to standard credit derivatives used to manage the credit risk of loans and commitments because of the difficulties in qualifying such contracts as hedges under sfas 133 . similarly , the firm does not apply hedge accounting to certain interest rate derivatives used as economic hedges. .
|year ended december 31 ( in millions ) ( a )|2005|2004|
|fair value hedge ineffective net gains/ ( losses ) ( b )|$ -58 ( 58 )|$ 199|
|cash flow hedge ineffective net gains/ ( losses ) ( b )|-2 ( 2 )|2014|
|cash flow hedging gains on forecastedtransactions that failed to occur|2014|1|
jpmorgan chase & co . / 2005 annual report 123 litigation reserve the firm maintains litigation reserves for certain of its litigations , including its material legal proceedings . while the outcome of litigation is inherently uncertain , management believes , in light of all information known to it at december 31 , 2005 , that the firm 2019s litigation reserves were adequate at such date . management reviews litigation reserves periodically , and the reserves may be increased or decreased in the future to reflect further litigation devel- opments . the firm believes it has meritorious defenses to claims asserted against it in its currently outstanding litigation and , with respect to such liti- gation , intends to continue to defend itself vigorously , litigating or settling cases according to management 2019s judgment as to what is in the best interest of stockholders . note 26 2013 accounting for derivative instruments and hedging activities derivative instruments enable end users to increase , reduce or alter exposure to credit or market risks . the value of a derivative is derived from its reference to an underlying variable or combination of variables such as equity , foreign exchange , credit , commodity or interest rate prices or indices . jpmorgan chase makes markets in derivatives for customers and also is an end-user of derivatives in order to manage the firm 2019s exposure to credit and market risks . sfas 133 , as amended by sfas 138 and sfas 149 , establishes accounting and reporting standards for derivative instruments , including those used for trading and hedging activities , and derivative instruments embedded in other contracts . all free-standing derivatives , whether designated for hedging rela- tionships or not , are required to be recorded on the balance sheet at fair value . the accounting for changes in value of a derivative depends on whether the contract is for trading purposes or has been designated and qualifies for hedge accounting . the majority of the firm 2019s derivatives are entered into for trading purposes . the firm also uses derivatives as an end user to hedge market exposures , modify the interest rate characteristics of related balance sheet instruments or meet longer-term investment objectives . both trading and end-user derivatives are recorded at fair value in trading assets and trading liabilities as set forth in note 3 on page 94 of this annual report . in order to qualify for hedge accounting , a derivative must be considered highly effective at reducing the risk associated with the exposure being hedged . each derivative must be designated as a hedge , with documentation of the risk management objective and strategy , including identification of the hedging instrument , the hedged item and the risk exposure , and how effectiveness is to be assessed prospectively and retrospectively . the extent to which a hedging instrument is effective at achieving offsetting changes in fair value or cash flows must be assessed at least quarterly . any ineffectiveness must be reported in current-period earnings . for qualifying fair value hedges , all changes in the fair value of the derivative and in the fair value of the item for the risk being hedged are recognized in earnings . if the hedge relationship is terminated , then the fair value adjust- ment to the hedged item continues to be reported as part of the basis of the item and is amortized to earnings as a yield adjustment . for qualifying cash flow hedges , the effective portion of the change in the fair value of the derivative is recorded in other comprehensive income and recognized in the income statement when the hedged cash flows affect earnings . the ineffective portions of cash flow hedges are immediately recognized in earnings . if the hedge relationship is terminated , then the change in fair value of the derivative recorded in other comprehensive income is recognized when the cash flows that were hedged occur , consistent with the original hedge strategy . for hedge relationships discontinued because the forecasted transaction is not expected to occur according to the original strategy , any related derivative amounts recorded in other comprehensive income are immediately recognized in earnings . for qualifying net investment hedges , changes in the fair value of the derivative or the revaluation of the foreign currency 2013denominated debt instrument are recorded in the translation adjustments account within other comprehensive income . any ineffective portions of net investment hedges are immediately recognized in earnings . jpmorgan chase 2019s fair value hedges primarily include hedges of fixed-rate long-term debt , loans , afs securities and msrs . interest rate swaps are the most common type of derivative contract used to modify exposure to interest rate risk , converting fixed-rate assets and liabilities to a floating rate . interest rate options , swaptions and forwards are also used in combination with interest rate swaps to hedge the fair value of the firm 2019s msrs . for a further discussion of msr risk management activities , see note 15 on pages 114 2013116 of this annual report . all amounts have been included in earnings consistent with the classification of the hedged item , primarily net interest income , mortgage fees and related income , and other income . the firm did not recognize any gains or losses during 2005 on firm commitments that no longer qualify as fair value hedges . jpmorgan chase also enters into derivative contracts to hedge exposure to variability in cash flows from floating-rate financial instruments and forecasted transactions , primarily the rollover of short-term assets and liabilities , and foreign currency-denominated revenues and expenses . interest rate swaps , futures and forward contracts are the most common instruments used to reduce the impact of interest rate and foreign exchange rate changes on future earnings . all amounts affecting earnings have been recognized consistent with the classification of the hedged item , primarily net interest income . the firm uses forward foreign exchange contracts and foreign currency- denominated debt instruments to protect the value of net investments in foreign currencies in non-u.s . subsidiaries . the portion of the hedging instru- ments excluded from the assessment of hedge effectiveness ( forward points ) is recorded in net interest income . the following table presents derivative instrument hedging-related activities for the periods indicated : year ended december 31 , ( in millions ) ( a ) 2005 2004 fair value hedge ineffective net gains/ ( losses ) ( b ) $ ( 58 ) $ 199 cash flow hedge ineffective net gains/ ( losses ) ( b ) ( 2 ) 2014 cash flow hedging gains on forecasted transactions that failed to occur 2014 1 ( a ) 2004 results include six months of the combined firm 2019s results and six months of heritage jpmorgan chase results . ( b ) includes ineffectiveness and the components of hedging instruments that have been excluded from the assessment of hedge effectiveness . over the next 12 months , it is expected that $ 44 million ( after-tax ) of net gains recorded in other comprehensive income at december 31 , 2005 , will be recognized in earnings . the maximum length of time over which forecasted transactions are hedged is 10 years , and such transactions primarily relate to core lending and borrowing activities . jpmorgan chase does not seek to apply hedge accounting to all of the firm 2019s economic hedges . for example , the firm does not apply hedge accounting to standard credit derivatives used to manage the credit risk of loans and commitments because of the difficulties in qualifying such contracts as hedges under sfas 133 . similarly , the firm does not apply hedge accounting to certain interest rate derivatives used as economic hedges. .
Question: for 2005 and 2004 , what were net gains and losses from all hedges ( us$ m? )
Answer: | 140.0 |
FINQA2162 | Please answer the given financial question based on the context.
Context: note 18 2013 earnings per share ( eps ) basic eps is calculated by dividing net earnings attributable to allegion plc by the weighted-average number of ordinary shares outstanding for the applicable period . diluted eps is calculated after adjusting the denominator of the basic eps calculation for the effect of all potentially dilutive ordinary shares , which in the company 2019s case , includes shares issuable under share-based compensation plans . the following table summarizes the weighted-average number of ordinary shares outstanding for basic and diluted earnings per share calculations. .
|in millions|2017|2016|2015|
|weighted-average number of basic shares|95.1|95.8|95.9|
|shares issuable under incentive stock plans|0.9|1.1|1.0|
|weighted-average number of diluted shares|96.0|96.9|96.9|
at december 31 , 2017 , 0.1 million stock options were excluded from the computation of weighted average diluted shares outstanding because the effect of including these shares would have been anti-dilutive . note 19 2013 commitments and contingencies the company is involved in various litigations , claims and administrative proceedings , including those related to environmental and product warranty matters . amounts recorded for identified contingent liabilities are estimates , which are reviewed periodically and adjusted to reflect additional information when it becomes available . subject to the uncertainties inherent in estimating future costs for contingent liabilities , except as expressly set forth in this note , management believes that any liability which may result from these legal matters would not have a material adverse effect on the financial condition , results of operations , liquidity or cash flows of the company . environmental matters the company is dedicated to an environmental program to reduce the utilization and generation of hazardous materials during the manufacturing process and to remediate identified environmental concerns . as to the latter , the company is currently engaged in site investigations and remediation activities to address environmental cleanup from past operations at current and former production facilities . the company regularly evaluates its remediation programs and considers alternative remediation methods that are in addition to , or in replacement of , those currently utilized by the company based upon enhanced technology and regulatory changes . changes to the company's remediation programs may result in increased expenses and increased environmental reserves . the company is sometimes a party to environmental lawsuits and claims and has received notices of potential violations of environmental laws and regulations from the u.s . environmental protection agency and similar state authorities . it has also been identified as a potentially responsible party ( "prp" ) for cleanup costs associated with off-site waste disposal at federal superfund and state remediation sites . for all such sites , there are other prps and , in most instances , the company 2019s involvement is minimal . in estimating its liability , the company has assumed it will not bear the entire cost of remediation of any site to the exclusion of other prps who may be jointly and severally liable . the ability of other prps to participate has been taken into account , based on our understanding of the parties 2019 financial condition and probable contributions on a per site basis . additional lawsuits and claims involving environmental matters are likely to arise from time to time in the future . the company incurred $ 3.2 million , $ 23.3 million , and $ 4.4 million of expenses during the years ended december 31 , 2017 , 2016 and 2015 , respectively , for environmental remediation at sites presently or formerly owned or leased by the company . in the fourth-quarter of 2016 , with the collaboration and approval of state regulators , the company launched a proactive , alternative approach to remediate two sites in the united states . this approach will allow the company to more aggressively address environmental conditions at these sites and reduce the impact of potential changes in regulatory requirements . as a result , the company recorded a $ 15 million charge for environmental remediation in the fourth quarter of 2016 . environmental remediation costs are recorded in costs of goods sold within the consolidated statements of comprehensive income . as of december 31 , 2017 and 2016 , the company has recorded reserves for environmental matters of $ 28.9 million and $ 30.6 million . the total reserve at december 31 , 2017 and 2016 included $ 8.9 million and $ 9.6 million related to remediation of sites previously disposed by the company . environmental reserves are classified as accrued expenses and other current liabilities or other noncurrent liabilities based on their expected term . the company's total current environmental reserve at december 31 , 2017 and 2016 was $ 12.6 million and $ 6.1 million and the remainder is classified as noncurrent . given the evolving nature of environmental laws , regulations and technology , the ultimate cost of future compliance is uncertain. .
Question: what is the percentual decrease observed in the reserves for environmental matters during 2016 and 2017?
Answer: | -5.55556 |
FINQA2163 | Please answer the given financial question based on the context.
Context: no operating segments were aggregated to form our reportable segments . in addition to these reportable segments , we also have other non-reportable segments , representing approximately 7% ( 7 % ) of our fiscal 2017 net revenues , which primarily consist of ( i ) sales of our club monaco branded products made through our retail businesses in the u.s. , canada , and europe , ( ii ) sales of our ralph lauren branded products made through our wholesale business in latin america , and ( iii ) royalty revenues earned through our global licensing alliances . this new segment structure is consistent with how we establish our overall business strategy , allocate resources , and assess performance of our company . all prior period segment information has been recast to reflect the realignment of our segment reporting structure on a comparable basis . approximately 40% ( 40 % ) of our fiscal 2017 net revenues were earned outside of the u.s . see note 20 to the accompanying consolidated financial statements for a summary of net revenues and operating income by segment , as well as net revenues and long-lived assets by geographic location . our wholesale business our wholesale business sells our products globally to leading upscale and certain mid-tier department stores , specialty stores , and golf and pro shops . we have continued to focus on elevating our brand by improving in-store product assortment and presentation , as well as full-price sell-throughs to consumers . as of the end of fiscal 2017 , our wholesale products were sold through over 13000 doors worldwide , with the majority in specialty stores . our products are also sold through the e-commerce sites of certain of our wholesale customers . the primary product offerings sold through our wholesale channels of distribution include apparel , accessories , and home furnishings . our luxury brands 2014 ralph lauren collection and ralph lauren purple label 2014 are distributed worldwide through a limited number of premier fashion retailers . department stores are our major wholesale customers in north america . in latin america , our wholesale products are sold in department stores and specialty stores . in europe , our wholesale sales are comprised of a varying mix of sales to both department stores and specialty stores , depending on the country . in asia , our wholesale products are distributed primarily through shop-within-shops at department stores . we also distribute our wholesale products to certain licensed stores operated by our partners in latin america , asia , europe , and the middle east . we sell the majority of our excess and out-of-season products through secondary distribution channels worldwide , including our retail factory stores . worldwide wholesale distribution channels the following table presents the number of wholesale doors by segment as of april 1 , 2017: .
||doors|
|north america|7294|
|europe|5690|
|asia|187|
|other non-reportable segments|166|
|total|13337|
we have three key wholesale customers that generate significant sales volume . during fiscal 2017 , sales to our largest wholesale customer , macy's , inc . ( "macy's" ) , accounted for approximately 10% ( 10 % ) of our total net revenues . further , during fiscal 2017 , sales to our three largest wholesale customers , including macy's , accounted for approximately 21% ( 21 % ) of our total net revenues . substantially all sales to our three largest wholesale customers related to our north america segment . our products are sold primarily by our own sales forces . our wholesale business maintains its primary showrooms in new york city . in addition , we maintain regional showrooms in milan , paris , london , munich , madrid , stockholm , and panama. .
Question: what percentage of wholesale doors as of april 1 , 2017 where in the asia segment?
Answer: | 0.01402 |
FINQA2164 | Please answer the given financial question based on the context.
Context: the following table sets forth the components of foreign currency translation adjustments for fiscal 2011 , 2010 and 2009 ( in thousands ) : beginning balance foreign currency translation adjustments income tax effect relating to translation adjustments for undistributed foreign earnings ending balance $ 7632 ( 2208 ) $ 10580 $ 10640 ( 4144 ) $ 7632 $ ( 431 ) 17343 ( 6272 ) $ 10640 stock repurchase program to facilitate our stock repurchase program , designed to return value to our stockholders and minimize dilution from stock issuances , we repurchase shares in the open market and also enter into structured repurchase agreements with third-parties . authorization to repurchase shares to cover on-going dilution was not subject to expiration . however , this repurchase program was limited to covering net dilution from stock issuances and was subject to business conditions and cash flow requirements as determined by our board of directors from time to time . during the third quarter of fiscal 2010 , our board of directors approved an amendment to our stock repurchase program authorized in april 2007 from a non-expiring share-based authority to a time-constrained dollar-based authority . as part of this amendment , the board of directors granted authority to repurchase up to $ 1.6 billion in common stock through the end of fiscal 2012 . this amended program did not affect the $ 250.0 million structured stock repurchase agreement entered into during march 2010 . as of december 3 , 2010 , no prepayments remain under that agreement . during fiscal 2011 , 2010 and 2009 , we entered into several structured repurchase agreements with large financial institutions , whereupon we provided the financial institutions with prepayments totaling $ 695.0 million , $ 850.0 million and $ 350.0 million , respectively . of the $ 850.0 million of prepayments during fiscal 2010 , $ 250.0 million was under the stock repurchase program prior to the program amendment and the remaining $ 600.0 million was under the amended $ 1.6 billion time-constrained dollar- based authority . we enter into these agreements in order to take advantage of repurchasing shares at a guaranteed discount to the volume weighted average price ( 201cvwap 201d ) of our common stock over a specified period of time . we only enter into such transactions when the discount that we receive is higher than the foregone return on our cash prepayments to the financial institutions . there were no explicit commissions or fees on these structured repurchases . under the terms of the agreements , there is no requirement for the financial institutions to return any portion of the prepayment to us . the financial institutions agree to deliver shares to us at monthly intervals during the contract term . the parameters used to calculate the number of shares deliverable are : the total notional amount of the contract , the number of trading days in the contract , the number of trading days in the interval and the average vwap of our stock during the interval less the agreed upon discount . during fiscal 2011 , we repurchased approximately 21.8 million shares at an average price of $ 31.81 through structured repurchase agreements entered into during fiscal 2011 . during fiscal 2010 , we repurchased approximately 31.2 million shares at an average price of $ 29.19 through structured repurchase agreements entered into during fiscal 2009 and fiscal 2010 . during fiscal 2009 , we repurchased approximately 15.2 million shares at an average price per share of $ 27.89 through structured repurchase agreements entered into during fiscal 2008 and fiscal 2009 . for fiscal 2011 , 2010 and 2009 , the prepayments were classified as treasury stock on our consolidated balance sheets at the payment date , though only shares physically delivered to us by december 2 , 2011 , december 3 , 2010 and november 27 , 2009 were excluded from the computation of earnings per share . as of december 2 , 2011 and december 3 , 2010 , no prepayments remained under these agreements . as of november 27 , 2009 , approximately $ 59.9 million of prepayments remained under these agreements . subsequent to december 2 , 2011 , as part of our $ 1.6 billion stock repurchase program , we entered into a structured stock repurchase agreement with a large financial institution whereupon we provided them with a prepayment of $ 80.0 million . this amount will be classified as treasury stock on our consolidated balance sheets . upon completion of the $ 80.0 million stock table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) jarcamo typewritten text .
||2011|2010|2009|
|beginning balance|$ 7632|$ 10640|$ -431 ( 431 )|
|foreign currency translation adjustments|5156|-4144 ( 4144 )|17343|
|income tax effect relating to translation adjustments forundistributed foreign earnings|-2208 ( 2208 )|1136|-6272 ( 6272 )|
|ending balance|$ 10580|$ 7632|$ 10640|
the following table sets forth the components of foreign currency translation adjustments for fiscal 2011 , 2010 and 2009 ( in thousands ) : beginning balance foreign currency translation adjustments income tax effect relating to translation adjustments for undistributed foreign earnings ending balance $ 7632 ( 2208 ) $ 10580 $ 10640 ( 4144 ) $ 7632 $ ( 431 ) 17343 ( 6272 ) $ 10640 stock repurchase program to facilitate our stock repurchase program , designed to return value to our stockholders and minimize dilution from stock issuances , we repurchase shares in the open market and also enter into structured repurchase agreements with third-parties . authorization to repurchase shares to cover on-going dilution was not subject to expiration . however , this repurchase program was limited to covering net dilution from stock issuances and was subject to business conditions and cash flow requirements as determined by our board of directors from time to time . during the third quarter of fiscal 2010 , our board of directors approved an amendment to our stock repurchase program authorized in april 2007 from a non-expiring share-based authority to a time-constrained dollar-based authority . as part of this amendment , the board of directors granted authority to repurchase up to $ 1.6 billion in common stock through the end of fiscal 2012 . this amended program did not affect the $ 250.0 million structured stock repurchase agreement entered into during march 2010 . as of december 3 , 2010 , no prepayments remain under that agreement . during fiscal 2011 , 2010 and 2009 , we entered into several structured repurchase agreements with large financial institutions , whereupon we provided the financial institutions with prepayments totaling $ 695.0 million , $ 850.0 million and $ 350.0 million , respectively . of the $ 850.0 million of prepayments during fiscal 2010 , $ 250.0 million was under the stock repurchase program prior to the program amendment and the remaining $ 600.0 million was under the amended $ 1.6 billion time-constrained dollar- based authority . we enter into these agreements in order to take advantage of repurchasing shares at a guaranteed discount to the volume weighted average price ( 201cvwap 201d ) of our common stock over a specified period of time . we only enter into such transactions when the discount that we receive is higher than the foregone return on our cash prepayments to the financial institutions . there were no explicit commissions or fees on these structured repurchases . under the terms of the agreements , there is no requirement for the financial institutions to return any portion of the prepayment to us . the financial institutions agree to deliver shares to us at monthly intervals during the contract term . the parameters used to calculate the number of shares deliverable are : the total notional amount of the contract , the number of trading days in the contract , the number of trading days in the interval and the average vwap of our stock during the interval less the agreed upon discount . during fiscal 2011 , we repurchased approximately 21.8 million shares at an average price of $ 31.81 through structured repurchase agreements entered into during fiscal 2011 . during fiscal 2010 , we repurchased approximately 31.2 million shares at an average price of $ 29.19 through structured repurchase agreements entered into during fiscal 2009 and fiscal 2010 . during fiscal 2009 , we repurchased approximately 15.2 million shares at an average price per share of $ 27.89 through structured repurchase agreements entered into during fiscal 2008 and fiscal 2009 . for fiscal 2011 , 2010 and 2009 , the prepayments were classified as treasury stock on our consolidated balance sheets at the payment date , though only shares physically delivered to us by december 2 , 2011 , december 3 , 2010 and november 27 , 2009 were excluded from the computation of earnings per share . as of december 2 , 2011 and december 3 , 2010 , no prepayments remained under these agreements . as of november 27 , 2009 , approximately $ 59.9 million of prepayments remained under these agreements . subsequent to december 2 , 2011 , as part of our $ 1.6 billion stock repurchase program , we entered into a structured stock repurchase agreement with a large financial institution whereupon we provided them with a prepayment of $ 80.0 million . this amount will be classified as treasury stock on our consolidated balance sheets . upon completion of the $ 80.0 million stock table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) jarcamo typewritten text .
Question: what is the growth rate in the average price of repurchased shares from 2009 to 2010?
Answer: | 0.04661 |
FINQA2165 | Please answer the given financial question based on the context.
Context: entering 2006 , earnings in the first quarter are ex- pected to improve compared with the 2005 fourth quar- ter due principally to higher average price realizations , reflecting announced price increases . product demand for the first quarter should be seasonally slow , but is ex- pected to strengthen as the year progresses , supported by continued economic growth in north america , asia and eastern europe . average prices should also improve in 2006 as price increases announced in late 2005 and early 2006 for uncoated freesheet paper and pulp con- tinue to be realized . operating rates are expected to improve as a result of industry-wide capacity reductions in 2005 . although energy and raw material costs remain high , there has been some decline in both natural gas and delivered wood costs , with further moderation ex- pected later in 2006 . we will continue to focus on fur- ther improvements in our global manufacturing operations , implementation of supply chain enhance- ments and reductions in overhead costs during 2006 . industrial packaging demand for industrial packaging products is closely correlated with non-durable industrial goods production in the united states , as well as with demand for proc- essed foods , poultry , meat and agricultural products . in addition to prices and volumes , major factors affecting the profitability of industrial packaging are raw material and energy costs , manufacturing efficiency and product industrial packaging 2019s net sales for 2005 increased 2% ( 2 % ) compared with 2004 , and were 18% ( 18 % ) higher than in 2003 , reflecting the inclusion of international paper distribution limited ( formerly international paper pacific millennium limited ) beginning in august 2005 . operating profits in 2005 were 39% ( 39 % ) lower than in 2004 and 13% ( 13 % ) lower than in 2003 . sales volume increases ( $ 24 million ) , improved price realizations ( $ 66 million ) , and strong mill operating performance ( $ 27 million ) were not enough to offset the effects of increased raw material costs ( $ 103 million ) , higher market related downtime costs ( $ 50 million ) , higher converting operating costs ( $ 22 million ) , and unfavorable mix and other costs ( $ 67 million ) . additionally , the may 2005 sale of our industrial papers business resulted in a $ 25 million lower earnings contribution from this business in 2005 . the segment took 370000 tons of downtime in 2005 , including 230000 tons of lack-of-order downtime to balance internal supply with customer demand , com- pared to a total of 170000 tons in 2004 , which included 5000 tons of lack-of-order downtime . industrial packaging in millions 2005 2004 2003 .
|in millions|2005|2004|2003|
|sales|$ 4935|$ 4830|$ 4170|
|operating profit|$ 230|$ 380|$ 264|
containerboard 2019s net sales totaled $ 895 million in 2005 , $ 951 million in 2004 and $ 815 million in 2003 . soft market conditions and declining customer demand at the end of the first quarter led to lower average sales prices during the second and third quarters . beginning in the fourth quarter , prices recovered as a result of in- creased customer demand and a rationalization of sup- ply . full year sales volumes trailed 2004 levels early in the year , reflecting the weak market conditions in the first half of 2005 . however , volumes rebounded in the second half of the year , and finished the year ahead of 2004 levels . operating profits decreased 38% ( 38 % ) from 2004 , but were flat with 2003 . the favorable impacts of in- creased sales volumes , higher average sales prices and improved mill operating performance were not enough to offset the impact of higher wood , energy and other raw material costs and increased lack-of-order down- time . implementation of the new supply chain operating model in our containerboard mills during 2005 resulted in increased operating efficiency and cost savings . specialty papers in 2005 included the kraft paper business for the full year and the industrial papers busi- ness for five months prior to its sale in may 2005 . net sales totaled $ 468 million in 2005 , $ 723 million in 2004 and $ 690 million in 2003 . operating profits in 2005 were down 23% ( 23 % ) compared with 2004 and 54% ( 54 % ) com- pared with 2003 , reflecting the lower contribution from industrial papers . u.s . converting operations net sales for 2005 were $ 2.6 billion compared with $ 2.3 billion in 2004 and $ 1.9 billion in 2003 . sales volumes were up 10% ( 10 % ) in 2005 compared with 2004 , mainly due to the acquisition of box usa in july 2004 . average sales prices in 2005 began the year above 2004 levels , but softened in the second half of the year . operating profits in 2005 de- creased 46% ( 46 % ) and 4% ( 4 % ) from 2004 and 2003 levels , re- spectively , primarily due to increased linerboard , freight and energy costs . european container sales for 2005 were $ 883 mil- lion compared with $ 865 million in 2004 and $ 801 mil- lion in 2003 . operating profits declined 19% ( 19 % ) and 13% ( 13 % ) compared with 2004 and 2003 , respectively . the in- crease in sales in 2005 reflected a slight increase in de- mand over 2004 , but this was not sufficient to offset the negative earnings effect of increased operating costs , unfavorable foreign exchange rates and a reduction in average sales prices . the moroccan box plant acquis- ition , which was completed in october 2005 , favorably impacted fourth-quarter results . industrial packaging 2019s sales in 2005 included $ 104 million from international paper distribution limited , our asian box and containerboard business , subsequent to the acquisition of an additional 50% ( 50 % ) interest in au- gust 2005. .
Question: containerboards net sales represented what percentage of industrial packaging sales in 2004?
Answer: | 0.19689 |
FINQA2166 | Please answer the given financial question based on the context.
Context: z i m m e r h o l d i n g s , i n c . a n d s u b s i d i a r i e s 2 0 0 2 f o r m 1 0 - k contractual obligations the company has entered into contracts with various third parties in the normal course of business which will require future payments . the following table illustrates the company 2019s contractual obligations : than 1 1 - 3 4 - 5 after 5 contractual obligations total year years years years .
|contractual obligations|total|less than 1 year|1 - 3 years|4 - 5 years|after 5 years|
|short-term debt|$ 156.7|$ 156.7|$ 2013|$ 2013|$ 2013|
|operating leases|36.9|8.3|12.7|7.3|8.6|
|minimum purchase commitments|25.0|25.0|2013|2013|2013|
|total contractual obligations|$ 218.6|$ 190.0|$ 12.7|$ 7.3|$ 8.6|
critical accounting policies equipment based on historical patterns of use and physical and technological characteristics of assets , as the financial results of the company are affected by the appropriate . in accordance with statement of financial selection and application of accounting policies and methods . accounting standards ( 2018 2018sfas 2019 2019 ) no . 144 , 2018 2018accounting for significant accounting policies which , in some cases , require the impairment or disposal of long-lived assets , 2019 2019 the management 2019s judgment are discussed below . company reviews property , plant and equipment for revenue recognition 2013 a significant portion of the com- impairment whenever events or changes in circumstances pany 2019s revenue is recognized for field based product upon indicate that the carrying value of an asset may not be notification that the product has been implanted or used . recoverable . an impairment loss would be recognized for all other transactions , the company recognizes when estimated future cash flows relating to the asset revenue when title is passed to customers , generally are less than its carrying amount . upon shipment . estimated returns and allowances are derivative financial instruments 2013 critical aspects of recorded as a reduction of sales when the revenue is the company 2019s accounting policy for derivative financial recognized . instruments include conditions which require that critical inventories 2013 the company must determine as of each terms of a hedging instrument are essentially the same as balance sheet date how much , if any , of its inventory may a hedged forecasted transaction . another important ele- ultimately prove to be unsaleable or unsaleable at its ment of the policy requires that formal documentation be carrying cost . reserves are established to effectively maintained as required by the sfas no . 133 , 2018 2018accounting adjust any such inventory to net realizable value . to for derivative instruments and hedging activities . 2019 2019 fail- determine the appropriate level of reserves , the company ure to comply with these conditions would result in a evaluates current stock levels in relation to historical and requirement to recognize changes in market value of expected patterns of demand for all of its products . a hedge instruments in earnings as they occur . manage- series of algorithms is applied to the data to assist ment routinely monitors significant estimates , assump- management in its evaluation . management evaluates the tions and judgments associated with derivative need for changes to valuation reserves based on market instruments , and compliance with formal documentation conditions , competitive offerings and other factors on a requirements . regular basis . further information about inventory stock compensation 2013 the company applies the provi- reserves is provided in notes to the consolidated financial sions of apb opinion no . 25 , 2018 2018accounting for stock statements . issued to employees , 2019 2019 in accounting for stock-based instruments 2013 the company , as is customary in the compensation ; therefore , no compensation expense has industry , consigns surgical instruments for use in been recognized for its fixed stock option plans as orthopaedic procedures with the company 2019s products . options are granted at fair market value . sfas no . 123 , the company 2019s accounting policy requires that the full 2018 2018accounting for stock-based compensation 2019 2019 provides an cost of instruments be recognized as an expense in the alternative method of accounting for stock options based year in which the instruments are placed in service . an on an option pricing model , such as black-scholes . the alternative to this method is to depreciate the cost of company has adopted the disclosure requirements of instruments over their useful lives . the company may sfas no . 123 and sfas no . 148 , 2018 2018accounting for stock- from time to time consider a change in accounting for based compensation-transition and disclosure . 2019 2019 informa- instruments to better align its accounting policy with tion regarding compensation expense under the alterna- certain company competitors . tive method is provided in notes to the consolidated financial statements . property , plant and equipment 2013 the company deter- mines estimated useful lives of property , plant and .
Question: what percent of total contractual obligations is comprised of operating leases?
Answer: | 0.1688 |
FINQA2167 | Please answer the given financial question based on the context.
Context: 5 . stock based compensation overview maa accounts for its stock based employee compensation plans in accordance with accounting standards governing stock based compensation . these standards require an entity to measure the cost of employee services received in exchange for an award of an equity instrument based on the award's fair value on the grant date and recognize the cost over the period during which the employee is required to provide service in exchange for the award , which is generally the vesting period . any liability awards issued are remeasured at each reporting period . maa 2019s stock compensation plans consist of a number of incentives provided to attract and retain independent directors , executive officers and key employees . incentives are currently granted under the second amended and restated 2013 stock incentive plan , or the stock plan , which was approved at the 2018 annual meeting of maa shareholders . the stock plan allows for the grant of restricted stock and stock options up to 2000000 shares . maa believes that such awards better align the interests of its employees with those of its shareholders . compensation expense is generally recognized for service based restricted stock awards using the straight-line method over the vesting period of the shares regardless of cliff or ratable vesting distinctions . compensation expense for market and performance based restricted stock awards is generally recognized using the accelerated amortization method with each vesting tranche valued as a separate award , with a separate vesting date , consistent with the estimated value of the award at each period end . additionally , compensation expense is adjusted for actual forfeitures for all awards in the period that the award was forfeited . compensation expense for stock options is generally recognized on a straight-line basis over the requisite service period . maa presents stock compensation expense in the consolidated statements of operations in "general and administrative expenses" . total compensation expense under the stock plan was $ 12.9 million , $ 10.8 million and $ 12.2 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . of these amounts , total compensation expense capitalized was $ 0.5 million , $ 0.2 million and $ 0.7 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . as of december 31 , 2018 , the total unrecognized compensation expense was $ 13.5 million . this cost is expected to be recognized over the remaining weighted average period of 1.1 years . total cash paid for the settlement of plan shares totaled $ 2.9 million , $ 4.8 million and $ 2.0 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . information concerning grants under the stock plan is provided below . restricted stock in general , restricted stock is earned based on either a service condition , performance condition , or market condition , or a combination thereof , and generally vests ratably over a period from 1 year to 5 years . service based awards are earned when the employee remains employed over the requisite service period and are valued on the grant date based upon the market price of maa common stock on the date of grant . market based awards are earned when maa reaches a specified stock price or specified return on the stock price ( price appreciation plus dividends ) and are valued on the grant date using a monte carlo simulation . performance based awards are earned when maa reaches certain operational goals such as funds from operations , or ffo , targets and are valued based upon the market price of maa common stock on the date of grant as well as the probability of reaching the stated targets . maa remeasures the fair value of the performance based awards each balance sheet date with adjustments made on a cumulative basis until the award is settled and the final compensation is known . the weighted average grant date fair value per share of restricted stock awards granted during the years ended december 31 , 2018 , 2017 and 2016 , was $ 71.85 , $ 84.53 and $ 73.20 , respectively . the following is a summary of the key assumptions used in the valuation calculations for market based awards granted during the years ended december 31 , 2018 , 2017 and 2016: .
||2018|2017|2016|
|risk free rate|1.61% ( 1.61 % ) - 2.14% ( 2.14 % )|0.65% ( 0.65 % ) - 1.57% ( 1.57 % )|0.49% ( 0.49 % ) - 1.27% ( 1.27 % )|
|dividend yield|3.884% ( 3.884 % )|3.573% ( 3.573 % )|3.634% ( 3.634 % )|
|volatility|15.05% ( 15.05 % ) - 17.18% ( 17.18 % )|20.43% ( 20.43 % ) - 21.85% ( 21.85 % )|18.41% ( 18.41 % ) - 19.45% ( 19.45 % )|
|requisite service period|3 years|3 years|3 years|
the risk free rate was based on a zero coupon risk-free rate . the minimum risk free rate was based on a period of 0.25 years for the years ended december 31 , 2018 , 2017 and 2016 . the maximum risk free rate was based on a period of 3 years for the years ended december 31 , 2018 , 2017 and 2016 . the dividend yield was based on the closing stock price of maa stock on the .
Question: what was the percent of the change in the weighted average grant date fair value per share of restricted stock awards granted from 2016 to 2017
Answer: | 0.15478 |
FINQA2168 | 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: in 2018 , what percent of net sales did the segment income amount to?
Answer: | 0.10347 |
FINQA2169 | Please answer the given financial question based on the context.
Context: 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 ( 2002 onward ) , france ( 2006 onward ) , germany ( 2005 onward ) , italy ( 2005 onward ) , japan ( 2002 onward ) , puerto rico ( 2005 onward ) , singapore ( 2003 onward ) , switzerland ( 2006 onward ) and the united kingdom ( 2006 onward ) . our tax returns are currently under examination in various foreign jurisdictions . the most significant foreign tax jurisdiction under examination is the united kingdom . it is reasonably possible that such audits will be resolved in the next twelve months , but we do not anticipate that the resolution of these audits would result in any material impact on our results of operations or financial position . 13 . capital stock and earnings per share we are authorized to issue 250 million shares of preferred stock , none of which were issued or outstanding as of december 31 , 2008 . the numerator for both basic and diluted earnings per share is net earnings available to common stockholders . the denominator for basic earnings per share is the weighted average number of common shares outstanding during the period . the denominator for diluted earnings per share is weighted average shares outstanding adjusted for the effect of dilutive stock options and other equity awards . the following is a reconciliation of weighted average shares for the basic and diluted share computations for the years ending december 31 ( in millions ) : .
||2008|2007|2006|
|weighted average shares outstanding for basic net earnings per share|227.3|235.5|243.0|
|effect of dilutive stock options and other equity awards|1.0|2.0|2.4|
|weighted average shares outstanding for diluted net earnings per share|228.3|237.5|245.4|
weighted average shares outstanding for basic net earnings per share 227.3 235.5 243.0 effect of dilutive stock options and other equity awards 1.0 2.0 2.4 weighted average shares outstanding for diluted net earnings per share 228.3 237.5 245.4 for the year ended december 31 , 2008 , an average of 11.2 million options to purchase shares of common stock were not included in the computation of diluted earnings per share as the exercise prices of these options were greater than the average market price of the common stock . for the years ended december 31 , 2007 and 2006 , an average of 3.1 million and 7.6 million options , respectively , were not included . during 2008 , we repurchased approximately 10.8 million shares of our common stock at an average price of $ 68.72 per share for a total cash outlay of $ 737.0 million , including commissions . in april 2008 , we announced that our board of directors authorized a $ 1.25 billion share repurchase program which expires december 31 , 2009 . approximately $ 1.13 billion remains authorized under this plan . 14 . segment data we design , develop , manufacture and market orthopaedic and dental reconstructive implants , spinal implants , trauma products and related surgical products which include surgical supplies and instruments designed to aid in orthopaedic surgical procedures and post-operation rehabilitation . we also provide other healthcare-related services . revenue related to these services currently represents less than 1 percent of our total net sales . we manage operations through three major geographic segments 2013 the americas , which is comprised principally of the united states and includes other north , central and south american markets ; europe , which is comprised principally of europe and includes the middle east and africa ; and asia pacific , which is comprised primarily of japan and includes other asian and pacific markets . this structure is the basis for our reportable segment information discussed below . management evaluates operating segment performance based upon segment operating profit exclusive of operating expenses pertaining to global operations and corporate expenses , share-based compensation expense , settlement , certain claims , acquisition , integration and other expenses , inventory step-up , in-process research and development write-offs and intangible asset amortization expense . global operations include research , development engineering , medical education , brand management , corporate legal , finance , and human resource functions , and u.s . and puerto rico-based manufacturing operations and logistics . intercompany transactions have been eliminated from segment operating profit . management reviews accounts receivable , inventory , property , plant and equipment , goodwill and intangible assets by reportable segment exclusive of u.s and puerto rico-based manufacturing operations and logistics and corporate assets . z i m m e r h o l d i n g s , i n c . 2 0 0 8 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 ) %%transmsg*** transmitting job : c48761 pcn : 058000000 ***%%pcmsg|58 |00011|yes|no|02/24/2009 19:25|0|0|page is valid , no graphics -- color : d| .
Question: what was the percentage change in weighted average shares outstanding for diluted net earnings per share from 2006 to 2007?
Answer: | -0.03219 |
FINQA2170 | Please answer the given financial question based on the context.
Context: notes to consolidated financial statements guarantees of subsidiaries . group inc . fully and unconditionally guarantees the securities issued by gs finance corp. , a wholly-owned finance subsidiary of the group inc . has guaranteed the payment obligations of goldman , sachs & co . ( gs&co. ) , gs bank usa and goldman sachs execution & clearing , l.p . ( gsec ) , subject to certain exceptions . in november 2008 , the firm contributed subsidiaries into gs bank usa , and group inc . agreed to guarantee the reimbursement of certain losses , including credit-related losses , relating to assets held by the contributed entities . in connection with this guarantee , group inc . also agreed to pledge to gs bank usa certain collateral , including interests in subsidiaries and other illiquid assets . in addition , group inc . guarantees many of the obligations of its other consolidated subsidiaries on a transaction-by- transaction basis , as negotiated with counterparties . group inc . is unable to develop an estimate of the maximum payout under its subsidiary guarantees ; however , because these guaranteed obligations are also obligations of consolidated subsidiaries , group inc . 2019s liabilities as guarantor are not separately disclosed . note 19 . shareholders 2019 equity common equity dividends declared per common share were $ 2.25 in 2014 , $ 2.05 in 2013 and $ 1.77 in 2012 . on january 15 , 2015 , group inc . declared a dividend of $ 0.60 per common share to be paid on march 30 , 2015 to common shareholders of record on march 2 , 2015 . the firm 2019s share repurchase program is intended to help maintain the appropriate level of common equity . the share repurchase program is effected primarily through regular open-market purchases ( which may include repurchase plans designed to comply with rule 10b5-1 ) , the amounts and timing of which are determined primarily by the firm 2019s current and projected capital position , but which may also be influenced by general market conditions and the prevailing price and trading volumes of the firm 2019s common stock . prior to repurchasing common stock , the firm must receive confirmation that the federal reserve board does not object to such capital actions . the table below presents the amount of common stock repurchased by the firm under the share repurchase program during 2014 , 2013 and 2012. .
|in millions except per share amounts|year ended december 2014|year ended december 2013|year ended december 2012|
|common share repurchases|31.8|39.3|42.0|
|average cost per share|$ 171.79|$ 157.11|$ 110.31|
|total cost of common share repurchases|$ 5469|$ 6175|$ 4637|
total cost of common share repurchases $ 5469 $ 6175 $ 4637 pursuant to the terms of certain share-based compensation plans , employees may remit shares to the firm or the firm may cancel restricted stock units ( rsus ) or stock options to satisfy minimum statutory employee tax withholding requirements and the exercise price of stock options . under these plans , during 2014 , 2013 and 2012 , employees remitted 174489 shares , 161211 shares and 33477 shares with a total value of $ 31 million , $ 25 million and $ 3 million , and the firm cancelled 5.8 million , 4.0 million and 12.7 million of rsus with a total value of $ 974 million , $ 599 million and $ 1.44 billion . under these plans , the firm also cancelled 15.6 million stock options with a total value of $ 2.65 billion during 2014 . 170 goldman sachs 2014 annual report .
Question: what was the percentage change in the total cost of common share repurchases between 2013 and 2014?
Answer: | -0.11433 |
FINQA2171 | Please answer the given financial question based on the context.
Context: cross-border outstandings cross-border outstandings , as defined by bank regulatory rules , are amounts payable to state street by residents of foreign countries , regardless of the currency in which the claim is denominated , and local country claims in excess of local country obligations . these cross-border outstandings consist primarily of deposits with banks , loan and lease financing and investment securities . in addition to credit risk , cross-border outstandings have the risk that , as a result of political or economic conditions in a country , borrowers may be unable to meet their contractual repayment obligations of principal and/or interest when due because of the unavailability of , or restrictions on , foreign exchange needed by borrowers to repay their obligations . cross-border outstandings to countries in which we do business which amounted to at least 1% ( 1 % ) of our consolidated total assets were as follows as of december 31: .
|( in millions )|2008|2007|2006|
|united kingdom|$ 5836|$ 5951|$ 5531|
|australia|2044|3567|1519|
|canada|2014|4565|2014|
|germany|2014|2944|2696|
|total cross-border outstandings|$ 7880|$ 17027|$ 9746|
the total cross-border outstandings presented in the table represented 5% ( 5 % ) , 12% ( 12 % ) and 9% ( 9 % ) of our consolidated total assets as of december 31 , 2008 , 2007 and 2006 , respectively . aggregate cross-border outstandings to countries which totaled between .75% ( .75 % ) and 1% ( 1 % ) of our consolidated total assets at december 31 , 2008 amounted to $ 3.45 billion ( canada and germany ) . there were no cross-border outstandings to countries which totaled between .75% ( .75 % ) and 1% ( 1 % ) of our consolidated total assets as of december 31 , 2007 . aggregate cross-border outstandings to countries which totaled between .75% ( .75 % ) and 1% ( 1 % ) of our consolidated total assets at december 31 , 2006 amounted to $ 1.05 billion ( canada ) . capital regulatory and economic capital management both use key metrics evaluated by management to assess whether our actual level of capital is commensurate with our risk profile , is in compliance with all regulatory requirements , and is sufficient to provide us with the financial flexibility to undertake future strategic business initiatives . regulatory capital our objective with respect to regulatory capital management is to maintain a strong capital base in order to provide financial flexibility for our business needs , including funding corporate growth and supporting customers 2019 cash management needs , and to provide protection against loss to depositors and creditors . we strive to maintain an optimal level of capital , commensurate with our risk profile , on which an attractive return to shareholders will be realized over both the short and long term , while protecting our obligations to depositors and creditors and satisfying regulatory requirements . our capital management process focuses on our risk exposures , our capital position relative to our peers , regulatory capital requirements and the evaluations of the major independent credit rating agencies that assign ratings to our public debt . our capital committee , working in conjunction with our asset and liability committee , referred to as alco , oversees the management of regulatory capital , and is responsible for ensuring capital adequacy with respect to regulatory requirements , internal targets and the expectations of the major independent credit rating agencies . the primary regulator of both state street and state street bank for regulatory capital purposes is the federal reserve . both state street and state street bank are subject to the minimum capital requirements established by the federal reserve and defined in the federal deposit insurance corporation improvement act .
Question: in 2007 , what percent of cross border outstandings were in the united kingdom
Answer: | 0.3495 |
FINQA2172 | Please answer the given financial question based on the context.
Context: part i the following table details the growth in global weighted average berths and the global , north american and european cruise guests over the past five years : weighted-average supply of berths marketed globally ( 1 ) royal caribbean cruises ltd . total berths global cruise guests ( 1 ) north american cruise guests ( 2 ) european cruise guests ( 3 ) .
|year|weighted-averagesupply ofberthsmarketedglobally ( 1 )|royal caribbean cruises ltd . total berths|globalcruiseguests ( 1 )|north americancruiseguests ( 2 )|europeancruiseguests ( 3 )|
|2009|363000|84050|17340000|10198000|5000000|
|2010|391000|92300|18800000|10781000|5540000|
|2011|412000|92650|20227000|11625000|5894000|
|2012|425000|98650|20898000|11640000|6139000|
|2013|432000|98750|21300000|11816000|6399000|
( 1 ) source : our estimates of the number of global cruise guests and the weighted-average supply of berths marketed globally are based on a com- bination of data that we obtain from various publicly available cruise industry trade information sources including seatrade insider , cruise industry news and cruise line international association ( 201cclia 201d ) . in addition , our estimates incorporate our own statistical analysis utilizing the same publicly available cruise industry data as a base . ( 2 ) source : cruise line international association based on cruise guests carried for at least two consecutive nights for years 2009 through 2012 . year 2013 amounts represent our estimates ( see number 1 above ) . includes the united states of america and canada . ( 3 ) source : clia europe , formerly european cruise council , for years 2009 through 2012 . year 2013 amounts represent our estimates ( see number 1 above ) . north america the majority of cruise guests are sourced from north america , which represented approximately 56% ( 56 % ) of global cruise guests in 2013 . the compound annual growth rate in cruise guests sourced from this market was approximately 3.2% ( 3.2 % ) from 2009 to 2013 . europe cruise guests sourced from europe represented approximately 30% ( 30 % ) of global cruise guests in 2013 . the compound annual growth rate in cruise guests sourced from this market was approximately 6.0% ( 6.0 % ) from 2009 to 2013 . other markets in addition to expected industry growth in north america and europe , we expect the asia/pacific region to demonstrate an even higher growth rate in the near term , although it will continue to represent a relatively small sector compared to north america and europe . based on industry data , cruise guests sourced from the asia/pacific region represented approximately 4.5% ( 4.5 % ) of global cruise guests in 2013 . the compound annual growth rate in cruise guests sourced from this market was approximately 15% ( 15 % ) from 2011 to 2013 . competition we compete with a number of cruise lines . our princi- pal competitors are carnival corporation & plc , which owns , among others , aida cruises , carnival cruise lines , costa cruises , cunard line , holland america line , iberocruceros , p&o cruises and princess cruises ; disney cruise line ; msc cruises ; norwegian cruise line and oceania cruises . cruise lines compete with other vacation alternatives such as land-based resort hotels and sightseeing destinations for consumers 2019 leisure time . demand for such activities is influenced by political and general economic conditions . com- panies within the vacation market are dependent on consumer discretionary spending . operating strategies our principal operating strategies are to : and employees and protect the environment in which our vessels and organization operate , to better serve our global guest base and grow our business , order to enhance our revenues , our brands globally , expenditures and ensure adequate cash and liquid- ity , with the overall goal of maximizing our return on invested capital and long-term shareholder value , ization and maintenance of existing ships and the transfer of key innovations across each brand , while prudently expanding our fleet with new state-of- the-art cruise ships , ships by deploying them into those markets and itineraries that provide opportunities to optimize returns , while continuing our focus on existing key markets , service customer preferences and expectations in an innovative manner , while supporting our strategic focus on profitability , and .
Question: how many of the total global cruise guests are not from north america or europe?
Answer: | 3085000.0 |
FINQA2173 | Please answer the given financial question based on the context.
Context: positions and collateral of the defaulting firm at each respective clearing organization , and taking into account any cross-margining loss sharing payments , any of the participating clearing organizations has a remaining liquidating surplus , and any other participating clearing organization has a remaining liquidating deficit , any additional surplus from the liquidation would be shared with the other clearing house to the extent that it has a remaining liquidating deficit . any remaining surplus funds would be passed to the bankruptcy trustee . mf global bankruptcy trust . the company provided a $ 550.0 million financial guarantee to the bankruptcy trustee of mf global to accelerate the distribution of funds to mf global customers . in the event that the trustee distributed more property in the second or third interim distributions than was permitted by the bankruptcy code and cftc regulations , the company will make a cash payment to the trustee for the amount of the erroneous distribution or distributions up to $ 550.0 million in the aggregate . a payment will only be made after the trustee makes reasonable efforts to collect the property erroneously distributed to the customer ( s ) . if a payment is made by the company , the company may have the right to seek reimbursement of the erroneously distributed property from the applicable customer ( s ) . the guarantee does not cover distributions made by the trustee to customers on the basis of their claims filed in the bankruptcy . because the trustee has now made payments to nearly all customers on the basis of their claims , the company believes that the likelihood of payment to the trustee is very remote . as a result , the guarantee liability is estimated to be immaterial at december 31 , 2012 . family farmer and rancher protection fund . in april 2012 , the company established the family farmer and rancher protection fund ( the fund ) . the fund is designed to provide payments , up to certain maximum levels , to family farmers , ranchers and other agricultural industry participants who use cme group agricultural products and who suffer losses to their segregated account balances due to their cme clearing member becoming insolvent . under the terms of the fund , farmers and ranchers are eligible for up to $ 25000 per participant . farming and ranching cooperatives are eligible for up to $ 100000 per cooperative . the fund has an aggregate maximum payment amount of $ 100.0 million . if payments to participants were to exceed this amount , payments would be pro-rated . clearing members and customers must register in advance with the company and provide certain documentation in order to substantiate their eligibility . peregrine financial group , inc . ( pfg ) filed for bankruptcy protection on july 10 , 2012 . pfg was not one of cme 2019s clearing members and its customers had not registered for the fund . accordingly , they were not technically eligible for payments from the fund . however , because the fund was newly implemented and because pfg 2019s customers included many agricultural industry participants for whom the program was designed , the company decided to waive certain terms and conditions of the fund , solely in connection with the pfg bankruptcy , so that otherwise eligible family farmers , ranchers and agricultural cooperatives could apply for and receive benefits from cme . based on the number of such pfg customers who applied and the estimated size of their claims , the company has recorded a liability in the amount of $ 2.1 million at december 31 , 2012 . 16 . redeemable non-controlling interest the following summarizes the changes in redeemable non-controlling interest for the years presented . non- controlling interests that do not contain redemption features are presented in the statements of equity. .
|( in millions )|2012|2011|2010|
|balance at january 1|$ 70.3|$ 68.1|$ 2014|
|contribution by dow jones|2014|2014|675.0|
|distribution to dow jones|2014|2014|-607.5 ( 607.5 )|
|allocation of stock-based compensation|2014|0.1|2014|
|total comprehensive income attributable to redeemable non-controlling interest|10.5|2.1|0.6|
|balance at december 31|$ 80.8|$ 70.3|$ 68.1|
contribution by dow jones . . . . . . . . . . . 2014 2014 675.0 distribution to dow jones . . . . . . . . . . . 2014 2014 ( 607.5 ) allocation of stock- compensation . . . . 2014 0.1 2014 total comprehensive income attributable to redeemable non- controlling interest . . . . . . . . . . 10.5 2.1 0.6 balance at december 31 . . . . . . . . . $ 80.8 $ 70.3 $ 68.1 .
Question: what is the percentage change in the balance of non-controlling interests from 2011 to 2012?
Answer: | 0.12995 |
FINQA2174 | Please answer the given financial question based on the context.
Context: humana inc . notes to consolidated financial statements 2014 ( continued ) the grant-date fair value of the award will be estimated using option-pricing models . in addition , certain tax effects of stock option exercises will be reported as a financing activity rather than an operating activity in the statements of cash flows . we adopted sfas 123r on january 1 , 2006 under the retrospective transition method using the black-scholes pricing model . the effect of expensing stock options under a fair value approach using the black-scholes pricing model on diluted earnings per common share for the years ended december 31 , 2005 , 2004 and 2003 is disclosed on page 69 . in addition , the classification of cash inflows from any excess tax benefit associated with exercising stock options will change from an operating activity to a financing activity in the consolidated statements of cash flows with no impact on total cash flows . we estimate the impact of this change in classification will decrease operating cash flows ( and increase financing cash flows ) by approximately $ 15.5 million in 2005 , $ 3.7 million in 2004 , and $ 15.2 million in 2003 . stock option expense after adopting sfas 123r is not expected to be materially different than our pro forma disclosure on page 69 and is dependent on levels of stock options granted during 2006 . 3 . acquisitions in january 2006 , our commercial segment reached an agreement to acquire cha service company , or cha health , a health plan serving employer groups in kentucky , for cash consideration of approximately $ 60.0 million plus any excess statutory surplus . this transaction , which is subject to regulatory approval , is expected to close effective in the second quarter of 2006 . on december 20 , 2005 , our commercial segment acquired corphealth , inc. , or corphealth , a behavioral health care management company , for cash consideration of approximately $ 54.2 million , including transaction costs . this acquisition allows humana to integrate coverage of medical and behavior health benefits . net tangible assets acquired of $ 6.0 million primarily consisted of cash and cash equivalents . the purchase price exceeded the estimated fair value of the net tangible assets acquired by approximately $ 48.2 million . we preliminarily allocated this excess purchase price to other intangible assets of $ 8.6 million and associated deferred tax liabilities of $ 3.2 million , and non-deductible goodwill of $ 42.8 million . the other intangible assets , which consist primarily of customer contracts , have a weighted average useful life of 14.7 years . the allocation is subject to change pending completion of the valuation by a third party valuation specialist firm assisting us in evaluating the fair value of the assets acquired . on february 16 , 2005 , our government segment acquired careplus health plans of florida , or careplus , as well as its affiliated 10 medical centers and pharmacy company . careplus provides medicare advantage hmo plans and benefits to medicare advantage members in miami-dade , broward and palm beach counties . this acquisition enhances our medicare market position in south florida . we paid approximately $ 444.9 million in cash , including transaction costs . we financed the transaction with $ 294.0 million of borrowings under our credit agreement and $ 150.9 million of cash on hand . the purchase price is subject to a balance sheet settlement process with a nine month claims run-out period . this settlement , which will be reflected as an adjustment to goodwill , is not expected to be material . the fair value of the acquired tangible assets ( assumed liabilities ) consisted of the following: .
||( in thousands )|
|cash and cash equivalents|$ 92116|
|premiums receivable and other current assets|6510|
|property and equipment and other assets|21315|
|medical and other expenses payable|-37375 ( 37375 )|
|other current liabilities|-23359 ( 23359 )|
|other liabilities|-5915 ( 5915 )|
|net tangible assets acquired|$ 53292|
.
Question: what is the total value of assets , in thousands?
Answer: | 119941.0 |
FINQA2175 | Please answer the given financial question based on the context.
Context: results of operations for 2016 include : 1 ) $ 2836 million ( $ 1829 million net-of-tax ) of impairment and related charges primarily to write down the carrying values of the entergy wholesale commodities 2019 palisades , indian point 2 , and indian point 3 plants and related assets to their fair values ; 2 ) a reduction of income tax expense , net of unrecognized tax benefits , of $ 238 million as a result of a change in the tax classification of a legal entity that owned one of the entergy wholesale commodities nuclear power plants ; income tax benefits as a result of the settlement of the 2010-2011 irs audit , including a $ 75 million tax benefit recognized by entergy louisiana related to the treatment of the vidalia purchased power agreement and a $ 54 million net benefit recognized by entergy louisiana related to the treatment of proceeds received in 2010 for the financing of hurricane gustav and hurricane ike storm costs pursuant to louisiana act 55 ; and 3 ) a reduction in expenses of $ 100 million ( $ 64 million net-of-tax ) due to the effects of recording in 2016 the final court decisions in several lawsuits against the doe related to spent nuclear fuel storage costs . see note 14 to the financial statements for further discussion of the impairment and related charges , see note 3 to the financial statements for additional discussion of the income tax items , and see note 8 to the financial statements for discussion of the spent nuclear fuel litigation . net revenue utility following is an analysis of the change in net revenue comparing 2017 to 2016 . amount ( in millions ) .
||amount ( in millions )|
|2016 net revenue|$ 6179|
|retail electric price|91|
|regulatory credit resulting from reduction of thefederal corporate income tax rate|56|
|grand gulf recovery|27|
|louisiana act 55 financing savings obligation|17|
|volume/weather|-61 ( 61 )|
|other|9|
|2017 net revenue|$ 6318|
the retail electric price variance is primarily due to : 2022 the implementation of formula rate plan rates effective with the first billing cycle of january 2017 at entergy arkansas and an increase in base rates effective february 24 , 2016 , each as approved by the apsc . a significant portion of the base rate increase was related to the purchase of power block 2 of the union power station in march 2016 ; 2022 a provision recorded in 2016 related to the settlement of the waterford 3 replacement steam generator prudence review proceeding ; 2022 the implementation of the transmission cost recovery factor rider at entergy texas , effective september 2016 , and an increase in the transmission cost recovery factor rider rate , effective march 2017 , as approved by the puct ; and 2022 an increase in rates at entergy mississippi , as approved by the mpsc , effective with the first billing cycle of july 2016 . see note 2 to the financial statements for further discussion of the rate proceedings and the waterford 3 replacement steam generator prudence review proceeding . see note 14 to the financial statements for discussion of the union power station purchase . entergy corporation and subsidiaries management 2019s financial discussion and analysis .
Question: in 2016 what was the tax rate on the income from the results of operations $ 2836 million 1829 million net-of-tax )
Answer: | 0.55057 |
FINQA2176 | Please answer the given financial question based on the context.
Context: results of operations year ended december 31 , 2006 compared to year ended december 31 , 2005 the historical results of operations of pca for the years ended december 31 , 2006 and 2005 are set forth below : for the year ended december 31 , ( in millions ) 2006 2005 change .
|( in millions )|for the year ended december 31 , 2006|for the year ended december 31 , 2005|change|
|net sales|$ 2187.1|$ 1993.7|$ 193.4|
|income from operations|$ 225.9|$ 116.1|$ 109.8|
|interest expense net|-31.2 ( 31.2 )|-28.1 ( 28.1 )|-3.1 ( 3.1 )|
|income before taxes|194.7|88.0|106.7|
|provision for income taxes|-69.7 ( 69.7 )|-35.4 ( 35.4 )|-34.3 ( 34.3 )|
|net income|$ 125.0|$ 52.6|$ 72.4|
net sales net sales increased by $ 193.4 million , or 9.7% ( 9.7 % ) , for the year ended december 31 , 2006 from the year ended december 31 , 2005 . net sales increased primarily due to increased sales prices and volumes of corrugated products and containerboard compared to 2005 . total corrugated products volume sold increased 0.4% ( 0.4 % ) to 31.3 billion square feet in 2006 compared to 31.2 billion square feet in 2005 . on a comparable shipment-per-workday basis , corrugated products sales volume increased 0.8% ( 0.8 % ) in 2006 from 2005 . 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 on a shipment-per-workday basis was due to the fact that 2006 had one less workday ( 249 days ) , those days not falling on a weekend or holiday , than 2005 ( 250 days ) . containerboard sales volume to external domestic and export customers increased 15.6% ( 15.6 % ) to 482000 tons for the year ended december 31 , 2006 from 417000 tons in 2005 . income from operations income from operations increased by $ 109.8 million , or 94.6% ( 94.6 % ) , for the year ended december 31 , 2006 compared to 2005 . included in income from operations for the year ended december 31 , 2005 is income of $ 14.0 million , net of expenses , consisting of two dividends paid to pca by southern timber venture , llc ( stv ) , the timberlands joint venture in which pca owns a 311 20443% ( 20443 % ) ownership interest . excluding the dividends from stv , income from operations increased $ 123.8 million in 2006 compared to 2005 . the $ 123.8 million increase in income from operations was primarily attributable to higher sales prices and volume as well as improved mix of business ( $ 195.6 million ) , partially offset by increased costs related to transportation ( $ 18.9 million ) , energy , primarily purchased fuels and electricity ( $ 18.3 million ) , wage increases for hourly and salaried personnel ( $ 16.9 million ) , medical , pension and other benefit costs ( $ 9.9 million ) , and incentive compensation ( $ 6.5 million ) . gross profit increased $ 137.1 million , or 44.7% ( 44.7 % ) , for the year ended december 31 , 2006 from the year ended december 31 , 2005 . gross profit as a percentage of net sales increased from 15.4% ( 15.4 % ) of net sales in 2005 to 20.3% ( 20.3 % ) of net sales in the current year primarily due to the increased sales prices described previously . selling and administrative expenses increased $ 12.3 million , or 8.4% ( 8.4 % ) , for the year ended december 31 , 2006 from the comparable period in 2005 . the increase was primarily the result of increased salary and .
Question: total corrugated products volume sold increased by how many billion square feet in 2006 compared to 2005?
Answer: | 0.1 |
FINQA2177 | Please answer the given financial question based on the context.
Context: 18 2015 annual report performance graph the following chart presents a comparison for the five-year period ended june 30 , 2015 , of the market performance of the company 2019s common stock with the s&p 500 index and an index of peer companies selected by the company : comparison of 5 year cumulative total return among jack henry & associates , inc. , the s&p 500 index , and a peer group the following information depicts a line graph with the following values: .
||2010|2011|2012|2013|2014|2015|
|jkhy|100.00|127.44|148.62|205.60|263.21|290.88|
|peer group|100.00|136.78|148.10|174.79|239.10|301.34|
|s&p 500|100.00|130.69|137.81|166.20|207.10|222.47|
this comparison assumes $ 100 was invested on june 30 , 2010 , and assumes reinvestments of dividends . total returns are calculated according to market capitalization of peer group members at the beginning of each period . peer companies selected are in the business of providing specialized computer software , hardware and related services to financial institutions and other businesses . companies in the peer group are aci worldwide , inc. , bottomline technology , inc. , broadridge financial solutions , cardtronics , inc. , convergys corp. , corelogic , inc. , dst systems , inc. , euronet worldwide , inc. , fair isaac corp. , fidelity national information services , inc. , fiserv , inc. , global payments , inc. , heartland payment systems , inc. , moneygram international , inc. , ss&c technologies holdings , inc. , total systems services , inc. , tyler technologies , inc. , verifone systems , inc. , and wex , inc. . micros systems , inc . was removed from the peer group as it was acquired in september 2014. .
Question: for the 2010 , what was the cumulative total return on jkhy?
Answer: | 27.44 |
FINQA2178 | Please answer the given financial question based on the context.
Context: the goldman sachs group , inc . and subsidiaries notes to consolidated financial statements commercial lending . the firm 2019s commercial lending commitments are extended to investment-grade and non- investment-grade corporate borrowers . commitments to investment-grade corporate borrowers are principally used for operating liquidity and general corporate purposes . the firm also extends lending commitments in connection with contingent acquisition financing and other types of corporate lending as well as commercial real estate financing . commitments that are extended for contingent acquisition financing are often intended to be short-term in nature , as borrowers often seek to replace them with other funding sources . sumitomo mitsui financial group , inc . ( smfg ) provides the firm with credit loss protection on certain approved loan commitments ( primarily investment-grade commercial lending commitments ) . the notional amount of such loan commitments was $ 26.88 billion and $ 27.03 billion as of december 2016 and december 2015 , respectively . the credit loss protection on loan commitments provided by smfg is generally limited to 95% ( 95 % ) of the first loss the firm realizes on such commitments , up to a maximum of approximately $ 950 million . in addition , subject to the satisfaction of certain conditions , upon the firm 2019s request , smfg will provide protection for 70% ( 70 % ) of additional losses on such commitments , up to a maximum of $ 1.13 billion , of which $ 768 million of protection had been provided as of both december 2016 and december 2015 . the firm also uses other financial instruments to mitigate credit risks related to certain commitments not covered by smfg . these instruments primarily include credit default swaps that reference the same or similar underlying instrument or entity , or credit default swaps that reference a market index . warehouse financing . the firm provides financing to clients who warehouse financial assets . these arrangements are secured by the warehoused assets , primarily consisting of consumer and corporate loans . contingent and forward starting resale and securities borrowing agreements/forward starting repurchase and secured lending agreements the firm enters into resale and securities borrowing agreements and repurchase and secured lending agreements that settle at a future date , generally within three business days . the firm also enters into commitments to provide contingent financing to its clients and counterparties through resale agreements . the firm 2019s funding of these commitments depends on the satisfaction of all contractual conditions to the resale agreement and these commitments can expire unused . letters of credit the firm has commitments under letters of credit issued by various banks which the firm provides to counterparties in lieu of securities or cash to satisfy various collateral and margin deposit requirements . investment commitments the firm 2019s investment commitments include commitments to invest in private equity , real estate and other assets directly and through funds that the firm raises and manages . investment commitments include $ 2.10 billion and $ 2.86 billion as of december 2016 and december 2015 , respectively , related to commitments to invest in funds managed by the firm . if these commitments are called , they would be funded at market value on the date of investment . leases the firm has contractual obligations under long-term noncancelable lease agreements for office space expiring on various dates through 2069 . certain agreements are subject to periodic escalation provisions for increases in real estate taxes and other charges . the table below presents future minimum rental payments , net of minimum sublease rentals . $ in millions december 2016 .
|$ in millions|as of december 2016|
|2017|$ 290|
|2018|282|
|2019|238|
|2020|206|
|2021|159|
|2022 - thereafter|766|
|total|$ 1941|
rent charged to operating expense was $ 244 million for 2016 , $ 249 million for 2015 and $ 309 million for 2014 . operating leases include office space held in excess of current requirements . rent expense relating to space held for growth is included in 201coccupancy . 201d the firm records a liability , based on the fair value of the remaining lease rentals reduced by any potential or existing sublease rentals , for leases where the firm has ceased using the space and management has concluded that the firm will not derive any future economic benefits . costs to terminate a lease before the end of its term are recognized and measured at fair value on termination . during 2016 , the firm incurred exit costs of approximately $ 68 million related to excess office space . goldman sachs 2016 form 10-k 169 .
Question: what percentage of future minimum rental payments are due in 2017?
Answer: | 0.14941 |
FINQA2179 | Please answer the given financial question based on the context.
Context: schedule iii page 6 of 6 host hotels & resorts , inc. , and subsidiaries host hotels & resorts , l.p. , and subsidiaries real estate and accumulated depreciation december 31 , 2018 ( in millions ) ( b ) the change in accumulated depreciation and amortization of real estate assets for the fiscal years ended december 31 , 2018 , 2017 and 2016 is as follows: .
|balance at december 31 2015|$ 5666|
|depreciation and amortization|572|
|dispositions and other|-159 ( 159 )|
|depreciation on assets held for sale|-130 ( 130 )|
|balance at december 31 2016|5949|
|depreciation and amortization|563|
|dispositions and other|-247 ( 247 )|
|depreciation on assets held for sale|7|
|balance at december 31 2017|6272|
|depreciation and amortization|546|
|dispositions and other|-344 ( 344 )|
|depreciation on assets held for sale|-101 ( 101 )|
|balance at december 31 2018|$ 6373|
( c ) the aggregate cost of real estate for federal income tax purposes is approximately $ 10458 million at december 31 , 2018 . ( d ) the total cost of properties excludes construction-in-progress properties. .
Question: what was the net change in millions in the accumulated depreciation and amortization of real estate assets from 2015 to 2016?
Answer: | 283.0 |
FINQA2180 | Please answer the given financial question based on the context.
Context: act of 1933 , as amended , and section 1145 of the united states code . no underwriters were engaged in connection with such issuances . during the three months ended december 31 , 2008 , we issued an aggregate of 7173456 shares of our common stock upon conversion of $ 147.1 million principal amount of our 3.00% ( 3.00 % ) notes . pursuant to the terms of the indenture , holders of the 3.00% ( 3.00 % ) notes receive 48.7805 shares of our common stock for every $ 1000 principal amount of notes converted . in connection with the conversions , we paid such holders an aggregate of approximately $ 3.7 million , calculated based on the accrued and unpaid interest on the notes and the discounted value of the future interest payments on the notes . all shares were issued in reliance on the exemption from registration set forth in section 3 ( a ) ( 9 ) of the securities act of 1933 , as amended . no underwriters were engaged in connection with such issuances . issuer purchases of equity securities during the three months ended december 31 , 2008 , we repurchased 2784221 shares of our common stock for an aggregate of $ 79.4 million , including commissions and fees , pursuant to our publicly announced stock repurchase program , as follows : 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 approximate dollar value of shares that may yet be purchased under the plans or programs ( in millions ) .
|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|approximate dollar value of shares that may yet be purchased under the plans orprograms ( in millions )|
|october 2008|1379180|$ 30.51|1379180|$ 1005.3|
|november 2008|1315800|$ 26.51|1315800|$ 970.4|
|december 2008|89241|$ 27.32|89241|$ 967.9|
|total fourth quarter|2784221|$ 28.53|2784221|$ 967.9|
( 1 ) repurchases made pursuant to the $ 1.5 billion stock repurchase program approved by our board of directors in february 2008 . under this program , our management is authorized to purchase shares from time to time through open market purchases or privately negotiated transactions at prevailing prices as permitted by securities laws and other legal requirements , and subject to market conditions and other factors . to facilitate repurchases , we make purchases pursuant to a trading plan under rule 10b5-1 of the exchange act , which allows us to repurchase shares during periods when we otherwise might be prevented from doing so under insider trading laws or because of self-imposed trading blackout periods . this program may be discontinued at any time . as reflected in the above table , in the fourth quarter of 2008 , we significantly reduced purchases of common stock under our stock repurchase program based on the downturn in the economy and the disruptions in the financial and credit markets . subsequent to december 31 , 2008 , we repurchased approximately 28000 shares of our common stock for an aggregate of $ 0.8 million , including commissions and fees , pursuant to this program . we expect to continue to manage the pacing of the program in the future in response to general market conditions and other relevant factors. .
Question: what is the percentage change in the average price for repurchased shares from october to december 2008?
Answer: | -0.10456 |
FINQA2181 | Please answer the given financial question based on the context.
Context: ( 3 ) refer to note 2 201csummary of significant accounting principles and practices 201d for further information . 13 . employee benefitsp y defined contribution savings plans aon maintains defined contribution savings plans for the benefit of its employees . the expense recognized for these plans is included in compensation and benefits in the consolidated statements of income . the expense for the significant plans in the u.s. , u.k. , netherlands and canada is as follows ( in millions ) : .
|years ended december 31|2018|2017|2016|
|u.s .|$ 98|$ 105|$ 121|
|u.k .|45|43|43|
|netherlands and canada|25|25|27|
|total|$ 168|$ 173|$ 191|
pension and other postretirement benefits the company sponsors defined benefit pension and postretirement health and welfare plans that provide retirement , medical , and life insurance benefits . the postretirement health care plans are contributory , with retiree contributions adjusted annually , and the aa life insurance and pension plans are generally noncontributory . the significant u.s. , u.k. , netherlands and canadian pension plans are closed to new entrants. .
Question: considering the years 2016-2018 , what is the average expense for the significant plans in the u.s.?
Answer: | 108.0 |
FINQA2182 | Please answer the given financial question based on the context.
Context: entergy corporation and subsidiaries notes to financial statements ouachita in september 2008 , entergy arkansas purchased the ouachita plant , a 789 mw three-train gas-fired combined cycle generating turbine ( ccgt ) electric power plant located 20 miles south of the arkansas state line near sterlington , louisiana , for approximately $ 210 million from a subsidiary of cogentrix energy , inc . entergy arkansas received the plant , materials and supplies , and related real estate in the transaction . the ferc and the apsc approved the acquisition . the apsc also approved the recovery of the acquisition and ownership costs through a rate rider and the planned sale of one-third of the capacity and energy to entergy gulf states louisiana . the lpsc also approved the purchase of one-third of the capacity and energy by entergy gulf states louisiana , subject to certain conditions , including a study to determine the costs and benefits of entergy gulf states louisiana exercising an option to purchase one-third of the plant ( unit 3 ) from entergy arkansas . entergy gulf states louisiana is scheduled to report the results of that study by march 30 , 2009 . palisades in april 2007 , entergy's non-utility nuclear business purchased the 798 mw palisades nuclear energy plant located near south haven , michigan from consumers energy company for a net cash payment of $ 336 million . entergy received the plant , nuclear fuel , inventories , and other assets . the liability to decommission the plant , as well as related decommissioning trust funds , was also transferred to entergy's non-utility nuclear business . entergy's non-utility nuclear business executed a unit-contingent , 15-year purchased power agreement ( ppa ) with consumers energy for 100% ( 100 % ) of the plant's output , excluding any future uprates . prices under the ppa range from $ 43.50/mwh in 2007 to $ 61.50/mwh in 2022 , and the average price under the ppa is $ 51/mwh . in the first quarter 2007 , the nrc renewed palisades' operating license until 2031 . as part of the transaction , entergy's non- utility nuclear business assumed responsibility for spent fuel at the decommissioned big rock point nuclear plant , which is located near charlevoix , michigan . palisades' financial results since april 2007 are included in entergy's non-utility nuclear business segment . the following table summarizes the assets acquired and liabilities assumed at the date of acquisition . amount ( in millions ) .
||amount ( in millions )|
|plant ( including nuclear fuel )|$ 727|
|decommissioning trust funds|252|
|other assets|41|
|total assets acquired|1020|
|purchased power agreement ( below market )|420|
|decommissioning liability|220|
|other liabilities|44|
|total liabilities assumed|684|
|net assets acquired|$ 336|
subsequent to the closing , entergy received approximately $ 6 million from consumers energy company as part of the post-closing adjustment defined in the asset sale agreement . the post-closing adjustment amount resulted in an approximately $ 6 million reduction in plant and a corresponding reduction in other liabilities . for the ppa , which was at below-market prices at the time of the acquisition , non-utility nuclear will amortize a liability to revenue over the life of the agreement . the amount that will be amortized each period is based upon the difference between the present value calculated at the date of acquisition of each year's difference between revenue under the agreement and revenue based on estimated market prices . amounts amortized to revenue were $ 76 .
Question: what is the debt to asset ratio?
Answer: | 0.67059 |
FINQA2183 | Please answer the given financial question based on the context.
Context: credit commitments and lines of credit the table below summarizes citigroup 2019s credit commitments as of december 31 , 2009 and december 31 , 2008 : in millions of dollars u.s . outside of december 31 , december 31 .
|in millions of dollars|u.s .|outside of u.s .|december 31 2009|december 31 2008|
|commercial and similar letters of credit|$ 1321|$ 5890|$ 7211|$ 8215|
|one- to four-family residential mortgages|788|282|1070|937|
|revolving open-end loans secured by one- to four-family residential properties|20914|3002|23916|25212|
|commercial real estate construction and land development|1185|519|1704|2702|
|credit card lines|649625|135870|785495|1002437|
|commercial and other consumer loan commitments|167510|89832|257342|309997|
|total|$ 841343|$ 235395|$ 1076738|$ 1349500|
the majority of unused commitments are contingent upon customers 2019 maintaining specific credit standards . commercial commitments generally have floating interest rates and fixed expiration dates and may require payment of fees . such fees ( net of certain direct costs ) are deferred and , upon exercise of the commitment , amortized over the life of the loan or , if exercise is deemed remote , amortized over the commitment period . commercial and similar letters of credit a commercial letter of credit is an instrument by which citigroup substitutes its credit for that of a customer to enable the customer to finance the purchase of goods or to incur other commitments . citigroup issues a letter on behalf of its client to a supplier and agrees to pay the supplier upon presentation of documentary evidence that the supplier has performed in accordance with the terms of the letter of credit . when a letter of credit is drawn , the customer is then required to reimburse citigroup . one- to four-family residential mortgages a one- to four-family residential mortgage commitment is a written confirmation from citigroup to a seller of a property that the bank will advance the specified sums enabling the buyer to complete the purchase . revolving open-end loans secured by one- to four-family residential properties revolving open-end loans secured by one- to four-family residential properties are essentially home equity lines of credit . a home equity line of credit is a loan secured by a primary residence or second home to the extent of the excess of fair market value over the debt outstanding for the first mortgage . commercial real estate , construction and land development commercial real estate , construction and land development include unused portions of commitments to extend credit for the purpose of financing commercial and multifamily residential properties as well as land development projects . both secured-by-real-estate and unsecured commitments are included in this line , as well as undistributed loan proceeds , where there is an obligation to advance for construction progress payments . however , this line only includes those extensions of credit that , once funded , will be classified as total loans , net on the consolidated balance sheet . credit card lines citigroup provides credit to customers by issuing credit cards . the credit card lines are unconditionally cancellable by the issuer . commercial and other consumer loan commitments commercial and other consumer loan commitments include overdraft and liquidity facilities , as well as commercial commitments to make or purchase loans , to purchase third-party receivables , to provide note issuance or revolving underwriting facilities and to invest in the form of equity . amounts include $ 126 billion and $ 170 billion with an original maturity of less than one year at december 31 , 2009 and december 31 , 2008 , respectively . in addition , included in this line item are highly leveraged financing commitments , which are agreements that provide funding to a borrower with higher levels of debt ( measured by the ratio of debt capital to equity capital of the borrower ) than is generally considered normal for other companies . this type of financing is commonly employed in corporate acquisitions , management buy-outs and similar transactions. .
Question: what percentage of one- to four-family residential mortgages as of december 31 , 2009 are outside the u.s.?
Answer: | 0.26355 |
FINQA2184 | Please answer the given financial question based on the context.
Context: notes to consolidated financial statements guarantees of subsidiaries . group inc . fully and unconditionally guarantees the securities issued by gs finance corp. , a wholly-owned finance subsidiary of the group inc . has guaranteed the payment obligations of goldman , sachs & co . ( gs&co. ) , gs bank usa and goldman sachs execution & clearing , l.p . ( gsec ) , subject to certain exceptions . in november 2008 , the firm contributed subsidiaries into gs bank usa , and group inc . agreed to guarantee the reimbursement of certain losses , including credit-related losses , relating to assets held by the contributed entities . in connection with this guarantee , group inc . also agreed to pledge to gs bank usa certain collateral , including interests in subsidiaries and other illiquid assets . in addition , group inc . guarantees many of the obligations of its other consolidated subsidiaries on a transaction-by- transaction basis , as negotiated with counterparties . group inc . is unable to develop an estimate of the maximum payout under its subsidiary guarantees ; however , because these guaranteed obligations are also obligations of consolidated subsidiaries , group inc . 2019s liabilities as guarantor are not separately disclosed . note 19 . shareholders 2019 equity common equity dividends declared per common share were $ 2.25 in 2014 , $ 2.05 in 2013 and $ 1.77 in 2012 . on january 15 , 2015 , group inc . declared a dividend of $ 0.60 per common share to be paid on march 30 , 2015 to common shareholders of record on march 2 , 2015 . the firm 2019s share repurchase program is intended to help maintain the appropriate level of common equity . the share repurchase program is effected primarily through regular open-market purchases ( which may include repurchase plans designed to comply with rule 10b5-1 ) , the amounts and timing of which are determined primarily by the firm 2019s current and projected capital position , but which may also be influenced by general market conditions and the prevailing price and trading volumes of the firm 2019s common stock . prior to repurchasing common stock , the firm must receive confirmation that the federal reserve board does not object to such capital actions . the table below presents the amount of common stock repurchased by the firm under the share repurchase program during 2014 , 2013 and 2012. .
|in millions except per share amounts|year ended december 2014|year ended december 2013|year ended december 2012|
|common share repurchases|31.8|39.3|42.0|
|average cost per share|$ 171.79|$ 157.11|$ 110.31|
|total cost of common share repurchases|$ 5469|$ 6175|$ 4637|
total cost of common share repurchases $ 5469 $ 6175 $ 4637 pursuant to the terms of certain share-based compensation plans , employees may remit shares to the firm or the firm may cancel restricted stock units ( rsus ) or stock options to satisfy minimum statutory employee tax withholding requirements and the exercise price of stock options . under these plans , during 2014 , 2013 and 2012 , employees remitted 174489 shares , 161211 shares and 33477 shares with a total value of $ 31 million , $ 25 million and $ 3 million , and the firm cancelled 5.8 million , 4.0 million and 12.7 million of rsus with a total value of $ 974 million , $ 599 million and $ 1.44 billion . under these plans , the firm also cancelled 15.6 million stock options with a total value of $ 2.65 billion during 2014 . 170 goldman sachs 2014 annual report .
Question: in millions for 2014 2013 and 2012 , what was the greatest amount of common share repurchases?
Answer: | 42.0 |
FINQA2185 | Please answer the given financial question based on the context.
Context: performance graph the following graph is a comparison of the five-year cumulative return of our common shares , the standard & poor 2019s 500 index ( the 201cs&p 500 index 201d ) and the national association of real estate investment trusts 2019 ( 201cnareit 201d ) all equity index ( excluding health care real estate investment trusts ) , a peer group index . the graph assumes that $ 100 was invested on december 31 , 2005 in our common shares , the s&p 500 index and the nareit all equity index and that all dividends were reinvested without the payment of any commissions . there can be no assurance that the performance of our shares will continue in line with the same or similar trends depicted in the graph below. .
||2005|2006|2007|2008|2009|2010|
|vornado realty trust|100|151|113|81|100|124|
|s&p 500 index|100|116|122|77|97|112|
|the nareit all equity index|100|135|114|71|91|116|
.
Question: what was the percentage growth of the vornado realty trust from 2005 to 2006
Answer: | 51.0 |
FINQA2186 | Please answer the given financial question based on the context.
Context: part ii item 5 : market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities motorola 2019s common stock is listed on the new york and chicago stock exchanges . the number of stockholders of record of motorola common stock on january 31 , 2008 was 79907 . information regarding securities authorized for issuance under equity compensation plans is incorporated by reference to the information under the caption 201cequity compensation plan information 201d of motorola 2019s proxy statement for the 2008 annual meeting of stockholders . the remainder of the response to this item incorporates by reference note 16 , 201cquarterly and other financial data ( unaudited ) 201d of the notes to consolidated financial statements appearing under 201citem 8 : financial statements and supplementary data 201d . the following table provides information with respect to acquisitions by the company of shares of its common stock during the quarter ended december 31 , 2007 . issuer purchases of equity securities period ( a ) total number of shares purchased ( 1 ) ( 2 ) ( b ) average price paid per share ( 1 ) ( 3 ) ( c ) total number of shares purchased as part of publicly announced plans or programs ( 2 ) ( d ) maximum number ( or approximate dollar value ) of shares that may yet be purchased under the plans or programs ( 2 ) .
|period|( a ) total number of shares purchased ( 1 ) ( 2 )|( b ) average price paid per share ( 1 ) ( 3 )|( c ) total number of shares purchased as part of publicly announced plans or programs ( 2 )|( d ) maximum number ( or approximate dollar value ) of shares that may yet be purchased under the plans or programs ( 2 )|
|9/30/07 to 10/26/07|2972951|$ 18.84|2964225|$ 4267375081|
|10/27/07 to 11/23/07|5709917|$ 17.23|5706600|$ 4169061854|
|11/24/07 to 12/31/07|25064045|$ 16.04|25064045|$ 3767061887|
|total|33746913|$ 16.49|33734870||
( 1 ) in addition to purchases under the 2006 stock repurchase program ( as defined below ) , included in this column are transactions under the company 2019s equity compensation plans involving the delivery to the company of 12043 shares of motorola common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock granted to company employees . ( 2 ) through actions taken on july 24 , 2006 and march 21 , 2007 , the board of directors has authorized the company to repurchase an aggregate amount of up to $ 7.5 billion of its outstanding shares of common stock over a period ending in june 2009 , subject to market conditions ( the 201c2006 stock repurchase program 201d ) . ( 3 ) average price paid per share of common stock repurchased under the 2006 stock repurchase program is execution price , excluding commissions paid to brokers. .
Question: what is the estimated value , in dollars , of the total number of shares purchased between 9/30/07 and 10/26/07?
Answer: | 56010396.84 |
FINQA2187 | Please answer the given financial question based on the context.
Context: american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) sfas no . 148 . in accordance with apb no . 25 , the company recognizes compensation expense based on the excess , if any , of the quoted stock price at the grant date of the award or other measurement date over the amount an employee must pay to acquire the stock . the company 2019s stock option plans are more fully described in note 14 . in december 2004 , the fasb issued sfas no . 123 ( revised 2004 ) , 201cshare-based payment 201d ( sfas 123r ) , as further described below . during the year ended december 31 , 2005 , the company reevaluated the assumptions used to estimate the fair value of stock options issued to employees . as a result , the company lowered its expected volatility assumption for options granted after july 1 , 2005 to approximately 30% ( 30 % ) and increased the expected life of option grants to 6.25 years using the simplified method permitted by sec sab no . 107 , 201dshare-based payment 201d ( sab no . 107 ) . the company made this change based on a number of factors , including the company 2019s execution of its strategic plans to sell non-core businesses , reduce leverage and refinance its debt , and its recent merger with spectrasite , inc . ( see note 2. ) management had previously based its volatility assumptions on historical volatility since inception , which included periods when the company 2019s capital structure was more highly leveraged than current levels and expected levels for the foreseeable future . management 2019s estimate of future volatility is based on its consideration of all available information , including historical volatility , implied volatility of publicly traded options , the company 2019s current capital structure and its publicly announced future business plans . for comparative purposes , a 10% ( 10 % ) change in the volatility assumption would change pro forma stock option expense and pro forma net loss by approximately $ 0.1 million for the year ended december 31 , 2005 . ( see note 14. ) the following table illustrates the effect on net loss and net loss per common share if the company had applied the fair value recognition provisions of sfas no . 123 ( as amended ) to stock-based compensation . the estimated fair value of each option is calculated using the black-scholes option-pricing model ( in thousands , except per share amounts ) : .
||2005|2004|2003|
|net loss as reported|$ -171590 ( 171590 )|$ -247587 ( 247587 )|$ -325321 ( 325321 )|
|add : stock-based employee compensation expense net of related tax effect included in net loss as reported|7104|2297|2077|
|less : total stock-based employee compensation expense determined under fair value based method for all awards net of related taxeffect|-22238 ( 22238 )|-23906 ( 23906 )|-31156 ( 31156 )|
|pro-forma net loss|$ -186724 ( 186724 )|$ -269196 ( 269196 )|$ -354400 ( 354400 )|
|basic and diluted net loss per share as reported|$ -0.57 ( 0.57 )|$ -1.10 ( 1.10 )|$ -1.56 ( 1.56 )|
|basic and diluted net loss per share pro-forma|$ -0.62 ( 0.62 )|$ -1.20 ( 1.20 )|$ -1.70 ( 1.70 )|
the company has modified certain option awards to revise vesting and exercise terms for certain terminated employees and recognized charges of $ 7.0 million , $ 3.0 million and $ 2.3 million for the years ended december 31 , 2005 , 2004 and 2003 , respectively . in addition , the stock-based employee compensation amounts above for the year ended december 31 , 2005 , include approximately $ 2.4 million of unearned compensation amortization related to unvested stock options assumed in the merger with spectrasite , inc . such charges are reflected in impairments , net loss on sale of long-lived assets , restructuring and merger related expense with corresponding adjustments to additional paid-in capital and unearned compensation in the accompanying consolidated financial statements . recent accounting pronouncements 2014in december 2004 , the fasb issued sfas 123r , which supersedes apb no . 25 , and amends sfas no . 95 , 201cstatement of cash flows . 201d this statement addressed the accounting for share-based payments to employees , including grants of employee stock options . under the new standard .
Question: what is the total number of outstanding shares as of december 31 , 2004 according to pro-forma income , in millions?
Answer: | 224.33 |
FINQA2188 | Please answer the given financial question based on the context.
Context: entergy texas , inc . and subsidiaries management 2019s financial discussion and analysis results of operations net income 2017 compared to 2016 net income decreased $ 31.4 million primarily due to lower net revenue , higher depreciation and amortization expenses , higher other operation and maintenance expenses , and higher taxes other than income taxes . 2016 compared to 2015 net income increased $ 37.9 million primarily due to lower other operation and maintenance expenses , the asset write-off of its receivable associated with the spindletop gas storage facility in 2015 , and higher net revenue . net revenue 2017 compared to 2016 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 2017 to 2016 . amount ( in millions ) .
||amount ( in millions )|
|2016 net revenue|$ 644.2|
|net wholesale revenue|-35.1 ( 35.1 )|
|purchased power capacity|-5.9 ( 5.9 )|
|transmission revenue|-5.4 ( 5.4 )|
|reserve equalization|5.6|
|retail electric price|19.0|
|other|4.4|
|2017 net revenue|$ 626.8|
the net wholesale revenue variance is primarily due to lower net capacity revenues resulting from the termination of the purchased power agreements between entergy louisiana and entergy texas in august 2016 . the purchased power capacity variance is primarily due to increased expenses due to capacity cost changes for ongoing purchased power capacity contracts . the transmission revenue variance is primarily due to a decrease in the amount of transmission revenues allocated by miso . the reserve equalization variance is due to the absence of reserve equalization expenses in 2017 as a result of entergy texas 2019s exit from the system agreement in august 2016 . see note 2 to the financial statements for a discussion of the system agreement. .
Question: what percent change did the drop in net wholesale revenue cause for 2017 net revenue?
Answer: | 0.05303 |
FINQA2189 | Please answer the given financial question based on the context.
Context: jpmorgan chase & co./2014 annual report 291 therefore , are not recorded on the consolidated balance sheets until settlement date . the unsettled reverse repurchase agreements and securities borrowing agreements predominantly consist of agreements with regular-way settlement periods . loan sales- and securitization-related indemnifications mortgage repurchase liability in connection with the firm 2019s mortgage loan sale and securitization activities with the gses , as described in note 16 , the firm has made representations and warranties that the loans sold meet certain requirements . the firm has been , and may be , required to repurchase loans and/or indemnify the gses ( e.g. , with 201cmake-whole 201d payments to reimburse the gses for their realized losses on liquidated loans ) . to the extent that repurchase demands that are received relate to loans that the firm purchased from third parties that remain viable , the firm typically will have the right to seek a recovery of related repurchase losses from the third party . generally , the maximum amount of future payments the firm would be required to make for breaches of these representations and warranties would be equal to the unpaid principal balance of such loans that are deemed to have defects that were sold to purchasers ( including securitization-related spes ) plus , in certain circumstances , accrued interest on such loans and certain expense . the following table summarizes the change in the mortgage repurchase liability for each of the periods presented . summary of changes in mortgage repurchase liability ( a ) year ended december 31 , ( in millions ) 2014 2013 2012 repurchase liability at beginning of period $ 681 $ 2811 $ 3557 net realized gains/ ( losses ) ( b ) 53 ( 1561 ) ( 1158 ) .
|year ended december 31 ( in millions )|2014|2013|2012|
|repurchase liability at beginning of period|$ 681|$ 2811|$ 3557|
|net realized gains/ ( losses ) ( b )|53|-1561 ( 1561 )|-1158 ( 1158 )|
|reclassification to litigation reserve|2014|-179 ( 179 )|2014|
|( benefit ) /provision for repurchase ( c )|-459 ( 459 )|-390 ( 390 )|412|
|repurchase liability at end of period|$ 275|$ 681|$ 2811|
( benefit ) /provision for repurchase ( c ) ( 459 ) ( 390 ) 412 repurchase liability at end of period $ 275 $ 681 $ 2811 ( a ) on october 25 , 2013 , the firm announced that it had reached a $ 1.1 billion agreement with the fhfa to resolve , other than certain limited types of exposures , outstanding and future mortgage repurchase demands associated with loans sold to the gses from 2000 to 2008 . ( b ) presented net of third-party recoveries and included principal losses and accrued interest on repurchased loans , 201cmake-whole 201d settlements , settlements with claimants , and certain related expense . make-whole settlements were $ 11 million , $ 414 million and $ 524 million , for the years ended december 31 , 2014 , 2013 and 2012 , respectively . ( c ) included a provision related to new loan sales of $ 4 million , $ 20 million and $ 112 million , for the years ended december 31 , 2014 , 2013 and 2012 , respectively . private label securitizations the liability related to repurchase demands associated with private label securitizations is separately evaluated by the firm in establishing its litigation reserves . on november 15 , 2013 , the firm announced that it had reached a $ 4.5 billion agreement with 21 major institutional investors to make a binding offer to the trustees of 330 residential mortgage-backed securities trusts issued by j.p.morgan , chase , and bear stearns ( 201crmbs trust settlement 201d ) to resolve all representation and warranty claims , as well as all servicing claims , on all trusts issued by j.p . morgan , chase , and bear stearns between 2005 and 2008 . the seven trustees ( or separate and successor trustees ) for this group of 330 trusts have accepted the rmbs trust settlement for 319 trusts in whole or in part and excluded from the settlement 16 trusts in whole or in part . the trustees 2019 acceptance is subject to a judicial approval proceeding initiated by the trustees , which is pending in new york state court . in addition , from 2005 to 2008 , washington mutual made certain loan level representations and warranties in connection with approximately $ 165 billion of residential mortgage loans that were originally sold or deposited into private-label securitizations by washington mutual . of the $ 165 billion , approximately $ 78 billion has been repaid . in addition , approximately $ 49 billion of the principal amount of such loans has liquidated with an average loss severity of 59% ( 59 % ) . accordingly , the remaining outstanding principal balance of these loans as of december 31 , 2014 , was approximately $ 38 billion , of which $ 8 billion was 60 days or more past due . the firm believes that any repurchase obligations related to these loans remain with the fdic receivership . for additional information regarding litigation , see note 31 . loans sold with recourse the firm provides servicing for mortgages and certain commercial lending products on both a recourse and nonrecourse basis . in nonrecourse servicing , the principal credit risk to the firm is the cost of temporary servicing advances of funds ( i.e. , normal servicing advances ) . in recourse servicing , the servicer agrees to share credit risk with the owner of the mortgage loans , such as fannie mae or freddie mac or a private investor , insurer or guarantor . losses on recourse servicing predominantly occur when foreclosure sales proceeds of the property underlying a defaulted loan are less than the sum of the outstanding principal balance , plus accrued interest on the loan and the cost of holding and disposing of the underlying property . the firm 2019s securitizations are predominantly nonrecourse , thereby effectively transferring the risk of future credit losses to the purchaser of the mortgage-backed securities issued by the trust . at december 31 , 2014 and 2013 , the unpaid principal balance of loans sold with recourse totaled $ 6.1 billion and $ 7.7 billion , respectively . the carrying value of the related liability that the firm has recorded , which is representative of the firm 2019s view of the likelihood it .
Question: what did the make-whole settlements increase the total repurchase liability at the end of the period in 2012
Answer: | 3335.0 |
FINQA2190 | Please answer the given financial question based on the context.
Context: 12feb201521095992 performance graph the following graph compares the performance of our common stock with that of the s&p 500 index and the s&p 500 healthcare equipment index . the cumulative total return listed below assumes an initial investment of $ 100 on december 31 , 2009 and reinvestment of dividends . comparison of 5 year cumulative total return rs $ 200 2009 2010 2011 201420132012 edwards lifesciences corporation s&p 500 s&p 500 healthcare equipment december 31 .
|total cumulative return|2010|2011|2012|2013|2014|
|edwards lifesciences|$ 186.16|$ 162.81|$ 207.65|$ 151.43|$ 293.33|
|s&p 500|115.06|117.49|136.30|180.44|205.14|
|s&p 500 healthcare equipment index|96.84|102.07|120.66|153.85|194.33|
.
Question: what was the 5 year cumulative total return for the period ending 2014 for edwards lifesciences corporation?
Answer: | 1.9333 |
FINQA2191 | Please answer the given financial question based on the context.
Context: contractual obligations fis 2019 long-term contractual obligations generally include its long-term debt , interest on long-term debt , lease payments on certain of its property and equipment and payments for data processing and maintenance . for more descriptive information regarding the company's long-term debt , see note 13 in the notes to consolidated financial statements . the following table summarizes fis 2019 significant contractual obligations and commitments as of december 31 , 2012 ( in millions ) : less than 1-3 3-5 more than total 1 year years years 5 years .
||total|less than 1 year|1-3 years|3-5 years|more than 5 years|
|long-term debt|$ 4385.5|$ 153.9|$ 757.1|$ 2274.5|$ 1200.0|
|interest ( 1 )|1137.6|200.4|372.9|288.8|275.5|
|operating leases|226.6|55.0|96.2|46.4|29.0|
|data processing and maintenance|246.7|131.7|78.9|28.4|7.7|
|other contractual obligations ( 2 )|100.7|18.8|52.0|10.6|19.3|
|total|$ 6097.1|$ 559.8|$ 1357.1|$ 2648.7|$ 1531.5|
( 1 ) these calculations assume that : ( a ) applicable margins remain constant ; ( b ) all variable rate debt is priced at the one-month libor rate in effect as of december 31 , 2012 ; ( c ) no new hedging transactions are effected ; ( d ) only mandatory debt repayments are made ; and ( e ) no refinancing occurs at debt maturity . ( 2 ) amount includes the payment for labor claims related to fis' former item processing and remittance operations in brazil ( see note 3 to the consolidated financial statements ) and amounts due to the brazilian venture partner . fis believes that its existing cash balances , cash flows from operations and borrowing programs will provide adequate sources of liquidity and capital resources to meet fis 2019 expected short-term liquidity needs and its long-term needs for the operations of its business , expected capital spending for the next 12 months and the foreseeable future and the satisfaction of these obligations and commitments . off-balance sheet arrangements fis does not have any off-balance sheet arrangements . item 7a . quantitative and qualitative disclosure about market risks market risk we are exposed to market risks primarily from changes in interest rates and foreign currency exchange rates . we use certain derivative financial instruments , including interest rate swaps and foreign currency forward exchange contracts , to manage interest rate and foreign currency risk . we do not use derivatives for trading purposes , to generate income or to engage in speculative activity . interest rate risk in addition to existing cash balances and cash provided by operating activities , we use fixed rate and variable rate debt to finance our operations . we are exposed to interest rate risk on these debt obligations and related interest rate swaps . the notes ( as defined in note 13 to the consolidated financial statements ) represent substantially all of our fixed-rate long-term debt obligations . the carrying value of the notes was $ 1950.0 million as of december 31 , 2012 . the fair value of the notes was approximately $ 2138.2 million as of december 31 , 2012 . the potential reduction in fair value of the notes from a hypothetical 10 percent increase in market interest rates would not be material to the overall fair value of the debt . our floating rate long-term debt obligations principally relate to borrowings under the fis credit agreement ( as also defined in note 13 to the consolidated financial statements ) . an increase of 100 basis points in the libor rate would increase our annual debt service under the fis credit agreement , after we include the impact of our interest rate swaps , by $ 9.3 million ( based on principal amounts outstanding as of december 31 , 2012 ) . we performed the foregoing sensitivity analysis based on the principal amount of our floating rate debt as of december 31 , 2012 , less the principal amount of such debt that was then subject to an interest rate swap converting such debt into fixed rate debt . this sensitivity analysis is based solely on .
Question: what portion of the long-term debt is included in the current liabilities section of the balance sheet as of december 312012?
Answer: | 0.03509 |
FINQA2192 | Please answer the given financial question based on the context.
Context: table of contents the company uses some custom components that are not commonly used by its competitors , and new products introduced by the company often utilize custom components available from only one source . when a component or product uses new technologies , initial capacity constraints may exist until the suppliers 2019 yields have matured or manufacturing capacity has increased . if the company 2019s supply of components for a new or existing product were delayed or constrained , or if an outsourcing partner delayed shipments of completed products to the company , the company 2019s financial condition and operating results could be materially adversely affected . the company 2019s business and financial performance could also be materially adversely affected depending on the time required to obtain sufficient quantities from the original source , or to identify and obtain sufficient quantities from an alternative source . continued availability of these components at acceptable prices , or at all , may be affected if those suppliers concentrated on the production of common components instead of components customized to meet the company 2019s requirements . the company has entered into agreements for the supply of many components ; however , there can be no guarantee that the company will be able to extend or renew these agreements on similar terms , or at all . therefore , the company remains subject to significant risks of supply shortages and price increases that could materially adversely affect its financial condition and operating results . substantially all of the company 2019s hardware products are manufactured by outsourcing partners that are located primarily in asia . a significant concentration of this manufacturing is currently performed by a small number of outsourcing partners , often in single locations . certain of these outsourcing partners are the sole- sourced suppliers of components and manufacturers for many of the company 2019s products . although the company works closely with its outsourcing partners on manufacturing schedules , the company 2019s operating results could be adversely affected if its outsourcing partners were unable to meet their production commitments . the company 2019s purchase commitments typically cover its requirements for periods up to 150 days . other off-balance sheet commitments operating leases 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 contain multi-year renewal options . as of september 26 , 2015 , the company had a total of 463 retail stores . 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 26 , 2015 , the company 2019s total future minimum lease payments under noncancelable operating leases were $ 6.3 billion , of which $ 3.6 billion related to leases for retail space . rent expense under all operating leases , including both cancelable and noncancelable leases , was $ 794 million , $ 717 million and $ 645 million in 2015 , 2014 and 2013 , respectively . future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 26 , 2015 , are as follows ( in millions ) : .
|2016|$ 772|
|2017|774|
|2018|744|
|2019|715|
|2020|674|
|thereafter|2592|
|total|$ 6271|
other commitments the company utilizes several outsourcing partners to manufacture sub-assemblies for the company 2019s products and to perform final assembly and testing of finished products . these outsourcing partners acquire components and build product based on demand information supplied by the company , which typically covers periods up to 150 days . the company also obtains individual components for its products from a wide variety of individual suppliers . consistent with industry practice , the company acquires components through a combination of purchase orders , supplier contracts and open orders based on projected demand information . where appropriate , the purchases are applied to inventory component prepayments that are outstanding with the respective supplier . as of september 26 , 2015 , the company had outstanding off-balance sheet third-party manufacturing commitments and component purchase commitments of $ 29.5 billion . apple inc . | 2015 form 10-k | 65 .
Question: for future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 26 , 2015 , what percentage are due after 5 years?
Answer: | 0.41333 |
FINQA2193 | Please answer the given financial question based on the context.
Context: entergy corporation and subsidiaries notes to financial statements the ferc proceedings that resulted from rate filings made in 2007 , 2008 , and 2009 have been resolved by various orders issued by the ferc and appellate courts . see below for a discussion of rate filings since 2009 and the comprehensive recalculation filing directed by the ferc in the proceeding related to the 2010 rate filing . 2010 rate filing based on calendar year 2009 production costs in may 2010 , entergy filed with the ferc the 2010 rates in accordance with the ferc 2019s orders in the system agreement proceeding , and supplemented the filing in september 2010 . several parties intervened in the proceeding at the ferc , including the lpsc and the city council , which also filed protests . in july 2010 the ferc accepted entergy 2019s proposed rates for filing , effective june 1 , 2010 , subject to refund , and set the proceeding for hearing and settlement procedures . settlement procedures have been terminated , and the alj scheduled hearings to begin in march 2011 . subsequently , in january 2011 the alj issued an order directing the parties and ferc staff to show cause why this proceeding should not be stayed pending the issuance of ferc decisions in the prior production cost proceedings currently before the ferc on review . in march 2011 the alj issued an order placing this proceeding in abeyance . in october 2013 the ferc issued an order granting clarification and denying rehearing with respect to its october 2011 rehearing order in this proceeding . the ferc clarified that in a bandwidth proceeding parties can challenge erroneous inputs , implementation errors , or prudence of cost inputs , but challenges to the bandwidth formula itself must be raised in a federal power act section 206 complaint or section 205 filing . subsequently in october 2013 the presiding alj lifted the stay order holding in abeyance the hearing previously ordered by the ferc and directing that the remaining issues proceed to a hearing on the merits . the hearing was held in march 2014 and the presiding alj issued an initial decision in september 2014 . briefs on exception were filed in october 2014 . in december 2015 the ferc issued an order affirming the initial decision in part and rejecting the initial decision in part . among other things , the december 2015 order directs entergy services to submit a compliance filing , the results of which may affect the rough production cost equalization filings made for the june - december 2005 , 2006 , 2007 , and 2008 test periods . in january 2016 the lpsc , the apsc , and entergy services filed requests for rehearing of the ferc 2019s december 2015 order . in february 2016 , entergy services submitted the compliance filing ordered in the december 2015 order . the result of the true-up payments and receipts for the recalculation of production costs resulted in the following payments/receipts among the utility operating companies : payments ( receipts ) ( in millions ) .
||payments ( receipts ) ( in millions )|
|entergy arkansas|$ 2|
|entergy louisiana|$ 6|
|entergy mississippi|( $ 4 )|
|entergy new orleans|( $ 1 )|
|entergy texas|( $ 3 )|
2011 rate filing based on calendar year 2010 production costs in may 2011 , entergy filed with the ferc the 2011 rates in accordance with the ferc 2019s orders in the system agreement proceeding . several parties intervened in the proceeding at the ferc , including the lpsc , which also filed a protest . in july 2011 the ferc accepted entergy 2019s proposed rates for filing , effective june 1 , 2011 , subject to refund , set the proceeding for hearing procedures , and then held those procedures in abeyance pending ferc decisions in the prior production cost proceedings currently before the ferc on review . in january 2014 the lpsc filed a petition for a writ of mandamus at the united states court of appeals for the fifth circuit . in its petition , the lpsc requested that the fifth circuit issue an order compelling the ferc to issue a final order in several proceedings related to the system agreement , including the 2011 rate filing based on calendar year 2010 production costs and the 2012 and 2013 rate filings discussed below . in march 2014 the fifth circuit rejected the lpsc 2019s petition for a writ of mandamus . in december 2014 the ferc rescinded its earlier abeyance order and consolidated the 2011 rate filing with the 2012 , 2013 .
Question: what is the difference in payments between entergy louisiana and entergy arkansas , in millions?
Answer: | 4.0 |
FINQA2194 | Please answer the given financial question based on the context.
Context: sacramento container acquisition in october 2017 , pca acquired substantially all of the assets of sacramento container corporation , and 100% ( 100 % ) of the membership interests of northern sheets , llc and central california sheets , llc ( collectively referred to as 201csacramento container 201d ) for a purchase price of $ 274 million , including working capital adjustments . funding for the acquisition came from available cash on hand . assets acquired include full-line corrugated products and sheet feeder operations in both mcclellan , california and kingsburg , california . sacramento container provides packaging solutions to customers serving portions of california 2019s strong agricultural market . sacramento container 2019s financial results are included in the packaging segment from the date of acquisition . the company accounted for the sacramento container acquisition using the acquisition method of accounting in accordance with asc 805 , business combinations . the total purchase price has been allocated to tangible and intangible assets acquired and liabilities assumed based on respective fair values , as follows ( dollars in millions ) : .
||12/31/17 allocation|adjustments|revised allocation|
|goodwill|$ 151.1|$ 5.5|$ 156.6|
|other intangible assets|72.6|-5.5 ( 5.5 )|67.1|
|property plant and equipment|26.7|2014|26.7|
|other net assets|23.4|2014|23.4|
|net assets acquired|$ 273.8|$ 2014|$ 273.8|
during the second quarter ended june 30 , 2018 , we made a $ 5.5 million net adjustment based on the final valuation of the intangible assets . we recorded the adjustment as a decrease to other intangible assets with an offset to goodwill . goodwill is calculated as the excess of the purchase price over the fair value of the net assets acquired . among the factors that contributed to the recognition of goodwill were sacramento container 2019s commitment to continuous improvement and regional synergies , as well as the expected increases in pca 2019s containerboard integration levels . goodwill is deductible for tax purposes . other intangible assets , primarily customer relationships , were assigned an estimated weighted average useful life of 9.6 years . property , plant and equipment were assigned estimated useful lives ranging from one to 13 years. .
Question: what percentage of the revised allocation of net assets acquired is goodwill?
Answer: | 0.57195 |
FINQA2195 | Please answer the given financial question based on the context.
Context: "three factor formula" ) . the consolidated financial statements include northrop grumman management and support services allocations totaling $ 32 million for the year ended december 31 , 2011 . shared services and infrastructure costs - this category includes costs for functions such as information technology support , systems maintenance , telecommunications , procurement and other shared services while hii was a subsidiary of northrop grumman . these costs were generally allocated to the company using the three factor formula or based on usage . the consolidated financial statements reflect shared services and infrastructure costs allocations totaling $ 80 million for the year ended december 31 , 2011 . northrop grumman-provided benefits - this category includes costs for group medical , dental and vision insurance , 401 ( k ) savings plan , pension and postretirement benefits , incentive compensation and other benefits . these costs were generally allocated to the company based on specific identification of the benefits provided to company employees participating in these benefit plans . the consolidated financial statements include northrop grumman- provided benefits allocations totaling $ 169 million for the year ended december 31 , 2011 . management believes that the methods of allocating these costs are reasonable , consistent with past practices , and in conformity with cost allocation requirements of cas or the far . related party sales and cost of sales prior to the spin-off , hii purchased and sold certain products and services from and to other northrop grumman entities . purchases of products and services from these affiliated entities , which were recorded at cost , were $ 44 million for the year ended december 31 , 2011 . sales of products and services to these entities were $ 1 million for the year ended december 31 , 2011 . former parent's equity in unit transactions between hii and northrop grumman prior to the spin-off have been included in the consolidated financial statements and were effectively settled for cash at the time the transaction was recorded . the net effect of the settlement of these transactions is reflected as former parent's equity in unit in the consolidated statement of changes in equity . 21 . unaudited selected quarterly data unaudited quarterly financial results for the years ended december 31 , 2013 and 2012 , are set forth in the following tables: .
|( $ in millions except per share amounts )|year ended december 31 2013 1st qtr|year ended december 31 2013 2nd qtr|year ended december 31 2013 3rd qtr|year ended december 31 2013 4th qtr|
|sales and service revenues|$ 1562|$ 1683|$ 1637|$ 1938|
|operating income ( loss )|95|116|127|174|
|earnings ( loss ) before income taxes|65|87|99|143|
|net earnings ( loss )|44|57|69|91|
|dividends declared per share|$ 0.10|$ 0.10|$ 0.10|$ 0.20|
|basic earnings ( loss ) per share|$ 0.88|$ 1.14|$ 1.38|$ 1.86|
|diluted earnings ( loss ) per share|$ 0.87|$ 1.12|$ 1.36|$ 1.82|
.
Question: what is the total operating income for the fiscal year of 2013?
Answer: | 512.0 |
FINQA2196 | Please answer the given financial question based on the context.
Context: warfighter information network-tactical ( win-t ) ; command , control , battle management and communications ( c2bmc ) ; and twic ) . partially offsetting the decreases were higher net sales of approximately $ 140 million from qtc , which was acquired early in the fourth quarter of 2011 ; and about $ 65 million from increased activity on numerous other programs , primarily federal cyber security programs and ptds operational support . is&gs 2019 operating profit for 2012 decreased $ 66 million , or 8% ( 8 % ) , compared to 2011 . the decrease was attributable to lower operating profit of approximately $ 50 million due to the favorable impact of the odin contract completion in 2011 ; about $ 25 million due to an increase in reserves for performance issues related to an international airborne surveillance system in 2012 ; and approximately $ 20 million due to lower volume on certain programs ( primarily c2bmc and win-t ) . partially offsetting the decreases was an increase in operating profit due to higher risk retirements of approximately $ 15 million from the twic program ; and about $ 10 million due to increased activity on numerous other programs , primarily federal cyber security programs and ptds operational support . operating profit for the jtrs program was comparable as a decrease in volume was offset by a decrease in reserves . adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 20 million higher for 2012 compared to 2011 . backlog backlog decreased in 2013 compared to 2012 primarily due to lower orders on several programs ( such as eram and ngi ) , higher sales on certain programs ( the national science foundation antarctic support and the disa gsm-o ) , and declining activities on several smaller programs primarily due to the continued downturn in federal information technology budgets . backlog decreased in 2012 compared to 2011 primarily due to the substantial completion of various programs in 2011 ( primarily odin , u.k . census , and jtrs ) . trends we expect is&gs 2019 net sales to decline in 2014 in the high single digit percentage range as compared to 2013 primarily due to the continued downturn in federal information technology budgets . operating profit is also expected to decline in 2014 in the high single digit percentage range consistent with the expected decline in net sales , resulting in margins that are comparable with 2013 results . missiles and fire control our mfc business segment provides air and missile defense systems ; tactical missiles and air-to-ground precision strike weapon systems ; logistics and other technical services ; fire control systems ; mission operations support , readiness , engineering support , and integration services ; and manned and unmanned ground vehicles . mfc 2019s major programs include pac-3 , thaad , multiple launch rocket system , hellfire , joint air-to-surface standoff missile ( jassm ) , javelin , apache fire control system ( apache ) , sniper ae , low altitude navigation and targeting infrared for night ( lantirn ae ) , and sof clss . mfc 2019s operating results included the following ( in millions ) : .
||2013|2012|2011|
|net sales|$ 7757|$ 7457|$ 7463|
|operating profit|1431|1256|1069|
|operating margins|18.4% ( 18.4 % )|16.8% ( 16.8 % )|14.3% ( 14.3 % )|
|backlog at year-end|15000|14700|14400|
2013 compared to 2012 mfc 2019s net sales for 2013 increased $ 300 million , or 4% ( 4 % ) , compared to 2012 . the increase was primarily attributable to higher net sales of approximately $ 450 million for air and missile defense programs ( thaad and pac-3 ) due to increased production volume and deliveries ; about $ 70 million for fire control programs due to net increased deliveries and volume ; and approximately $ 55 million for tactical missile programs due to net increased deliveries . the increases were partially offset by lower net sales of about $ 275 million for various technical services programs due to lower volume driven by the continuing impact of defense budget reductions and related competitive pressures . the increase for fire control programs was primarily attributable to increased deliveries on the sniper ae and lantirn ae programs , increased volume on the sof clss program , partially offset by lower volume on longbow fire control radar and other programs . the increase for tactical missile programs was primarily attributable to increased deliveries on jassm and other programs , partially offset by fewer deliveries on the guided multiple launch rocket system and javelin programs. .
Question: as part of the overall decline in the nets ales in 2013 what was the total decline in sales before the partial offsetting increase leading to the net decline in millions
Answer: | 95.0 |
FINQA2197 | Please answer the given financial question based on the context.
Context: - the increase in level 3 short-term borrowings and long-term debt of $ 2.8 billion and $ 7.3 billion , respectively , resulted from transfers in of level 2 positions as prices and other valuation inputs became unobservable , plus the additions of new issuances for fair value accounting was elected . items measured at fair value on a nonrecurring basis certain assets and liabilities are measured at fair value on a nonrecurring basis and therefore are not included in the tables above . these include assets measured at cost that have been written down to fair value during the periods as a result of an impairment . in addition , assets such as loans held for sale that are measured at the lower of cost or market ( locom ) that were recognized at fair value below cost at the end of the period . the company recorded goodwill impairment charges of $ 9.6 billion as of december 31 , 2008 , as determined based on level 3 inputs . the primary cause of goodwill impairment was the overall weak industry outlook and continuing operating losses . these factors contributed to the overall decline in the stock price and the related market capitalization of citigroup . see note 19 , 201cgoodwill and intangible assets 201d on page 166 , for additional information on goodwill impairment . the company performed an impairment analysis of intangible assets related to the old lane multi-strategy hedge fund during the first quarter of 2008 . as a result , a pre-tax write-down of $ 202 million , representing the remaining unamortized balance of the intangible assets , was recorded during the first quarter of 2008 . the measurement of fair value was determined using level 3 input factors along with a discounted cash flow approach . during the fourth quarter of 2008 , the company performed an impairment analysis of japan's nikko asset management fund contracts which represent the rights to manage and collect fees on investor assets and are accounted for as indefinite-lived intangible assets . as a result , an impairment loss of $ 937 million pre-tax was recorded . the related fair value was determined using an income approach which relies on key drivers and future expectations of the business that are considered level 3 input factors . the fair value of loans measured on a locom basis is determined where possible using quoted secondary-market prices . such loans are generally classified in level 2 of the fair-value hierarchy given the level of activity in the market and the frequency of available quotes . if no such quoted price exists , the fair value of a loan is determined using quoted prices for a similar asset or assets , adjusted for the specific attributes of that loan . the following table presents all loans held-for-sale that are carried at locom as of december 31 , 2008 and december 31 , 2007 ( in billions ) : .
||aggregate cost|fair value|level 2|level 3|
|december 31 2008|$ 3.1|$ 2.1|$ 0.8|$ 1.3|
|december 31 2007|33.6|31.9|5.1|26.8|
loans held-for-sale that are carried at locom as of december 31 , 2008 significantly declined compared to december 31 , 2007 because most of these loans were either sold or reclassified to held-for-investment category. .
Question: at december 312008 what was the ratio of the recorded goodwill impairment charges to the aggregate value of the loans held for sale
Answer: | 3.09677 |
FINQA2198 | 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 october 2017 , in millions?
Answer: | 1.11137 |
FINQA2199 | Please answer the given financial question based on the context.
Context: estimated future pension benefit payments for the next ten years under the plan ( in millions ) are as follows : estimated future payments: .
|2009|$ 14.9|
|2010|15.9|
|2011|16.2|
|2012|19.2|
|2013|21.9|
|2014 through 2018|142.2|
bfi post retirement healthcare plan we acquired obligations under the bfi post retirement healthcare plan as part of our acquisition of allied . this plan provides continued medical coverage for certain former employees following their retirement , including some employees subject to collective bargaining agreements . eligibility for this plan is limited to certain of those employees who had ten or more years of service and were age 55 or older as of december 31 , 1998 , and certain employees in california who were hired on or before december 31 , 2005 and who retire on or after age 55 with at least thirty years of service . liabilities acquired for this plan were $ 1.2 million and $ 1.3 million , respectively , at the acquisition date and at december 31 , 2008 . multi-employer pension plans we contribute to 25 multi-employer pension plans under collective bargaining agreements covering union- represented employees . we acquired responsibility for contributions for a portion of these plans as part of our acquisition of allied . approximately 22% ( 22 % ) of our total current employees are participants in such multi- employer plans . these plans generally provide retirement benefits to participants based on their service to contributing employers . we do not administer these multi-employer plans . in general , these plans are managed by a board of trustees with the unions appointing certain trustees and other contributing employers of the plan appointing certain members . we generally are not represented on the board of trustees . we do not have current plan financial information from the plans 2019 administrators , but based on the information available to us , it is possible that some of the multi-employer plans to which we contribute may be underfunded . the pension protection act , enacted in august 2006 , requires underfunded pension plans to improve their funding ratios within prescribed intervals based on the level of their underfunding . until the plan trustees develop the funding improvement plans or rehabilitation plans as required by the pension protection act , we are unable to determine the amount of assessments we may be subject to , if any . accordingly , we cannot determine at this time the impact that the pension protection act may have on our consolidated financial position , results of operations or cash flows . furthermore , under current law regarding multi-employer benefit plans , a plan 2019s termination , our voluntary withdrawal , or the mass withdrawal of all contributing employers from any under-funded , multi-employer pension plan would require us to make payments to the plan for our proportionate share of the multi- employer plan 2019s unfunded vested liabilities . it is possible that there may be a mass withdrawal of employers contributing to these plans or plans may terminate in the near future . we could have adjustments to our estimates for these matters in the near term that could have a material effect on our consolidated financial condition , results of operations or cash flows . our pension expense for multi-employer plans was $ 21.8 million , $ 18.9 million and $ 17.3 million for the years ended december 31 , 2008 , 2007 and 2006 , respectively . republic services , inc . and subsidiaries notes to consolidated financial statements %%transmsg*** transmitting job : p14076 pcn : 133000000 ***%%pcmsg|131 |00027|yes|no|02/28/2009 21:12|0|0|page is valid , no graphics -- color : d| .
Question: what was the percent of the estimated future pension benefit payments increase from 2011 to 2012
Answer: | 0.18519 |
Subsets and Splits