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FINQA3800 | 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 , 2018 . 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 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 399165 $ 0.00 3995600 equity compensation plans not approved by security holders ( 2 ) 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|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|399165|$ 0.00|3995600|
|equity compensation plans not approved by security holders ( 2 )|2014|2014|2014|
|total|399165|$ 0.00|3995600|
( 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 , 27123 were stock rights granted under the 2011 plan . in addition , this number includes 31697 stock rights , 5051 restricted stock rights , and 335293 restricted performance stock rights granted under the 2012 plan , assuming target performance achievement . ( 2 ) 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 2019 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 2019 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: | 0.09083 |
FINQA3801 | Please answer the given financial question based on the context.
Context: notes to consolidated financial statements 1 . basis of presentation the accompanying consolidated financial statements and notes thereto have been prepared in accordance with u.s . generally accepted accounting principles ( "u.s . gaap" ) . the consolidated financial statements include the accounts of aon plc and all of its controlled subsidiaries ( "aon" or the "company" ) . all intercompany accounts and transactions have been eliminated . the consolidated financial statements include , in the opinion of management , all adjustments necessary to present fairly the company's consolidated financial position , results of operations and cash flows for all periods presented . reclassification certain amounts in prior years' consolidated financial statements and related notes have been reclassified to conform to the 2015 presentation . in prior periods , long-term investments were included in investments in the consolidated statement of financial position . these amounts are now included in other non-current assets in the consolidated statement of financial position , as shown in note 3 to these consolidated financial statements . long-term investments were $ 135 million at december 31 , 2015 and $ 143 million at december 31 , 2014 . in prior periods , prepaid pensions were included in other non-current assets in the consolidated statement of financial position . these amounts are now separately disclosed in the consolidated statement of financial position . prepaid pensions were $ 1033 million at december 31 , 2015 and $ 933 million at december 31 , 2014 . upon vesting of certain share-based payment arrangements , employees may elect to use a portion of the shares to satisfy tax withholding requirements , in which case aon makes a payment to the taxing authority on the employee 2019s behalf and remits the remaining shares to the employee . the company has historically presented amounts due to taxing authorities within cash flows from operating activities in the consolidated statements of cash flows . the amounts are now included in 201cissuance of shares for employee benefit plans 201d within cash flows from financing activities . the company believes this presentation provides greater clarity into the operating and financing activities of the company as the substance and accounting for these transactions is that of a share repurchase . it also aligns the company 2019s presentation to be consistent with industry practice . amounts reported in issuance of shares for employee benefit plans were $ 227 million , $ 170 million , and $ 120 million , respectively , for the years ended december 31 , 2015 , 2014 and 2013 . these amounts , which were reclassified from accounts payable and accrued liabilities and other assets and liabilities , were $ 85 million and $ 85 million in 2014 , and $ 62 million and $ 58 million in 2013 , respectively . changes to the presentation in the consolidated statements of cash flows for 2014 and 2013 were made related to certain line items within financing activities . the following line items and respective amounts have been aggregated in a new line item titled 201cnoncontrolling interests and other financing activities 201d within financing activities. .
|years ended december 31,|2014|2013|
|purchases of shares from noncontrolling interests|3|-8 ( 8 )|
|dividends paid to noncontrolling interests|-24 ( 24 )|-19 ( 19 )|
|proceeds from sale-leaseback|25|2014|
use of estimates the preparation of the accompanying consolidated financial statements in conformity with u.s . gaap requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities , disclosures of contingent assets and liabilities at the date of the financial statements , and the reported amounts of reserves and expenses . these estimates and assumptions are based on management's best estimates and judgments . management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors , including the current economic environment . management believes its estimates to be reasonable given the current facts available . aon adjusts such estimates and assumptions when facts and circumstances dictate . illiquid credit markets , volatile equity markets , and foreign currency exchange rate movements increase the uncertainty inherent in such estimates and assumptions . as future events and their effects cannot be determined , among other factors , with precision , actual results could differ significantly from these estimates . changes in estimates resulting from continuing changes in the economic environment would , if applicable , be reflected in the financial statements in future periods. .
Question: what is the net cash outflow reported for purchases of shares from noncontrolling interests and for dividends paid to noncontrolling interests?
Answer: | -21.0 |
FINQA3802 | Please answer the given financial question based on the context.
Context: the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2011 , 2010 , and 2009 ( 1 ) weighted average interest rate at december 31 , 2011 . ( 2 ) the company has interest rate swaps and interest rate option agreements in an aggregate notional principal amount of approximately $ 3.6 billion on non-recourse debt outstanding at december 31 , 2011 . the swap agreements economically change the variable interest rates on the portion of the debt covered by the notional amounts to fixed rates ranging from approximately 1.44% ( 1.44 % ) to 6.98% ( 6.98 % ) . the option agreements fix interest rates within a range from 1.00% ( 1.00 % ) to 7.00% ( 7.00 % ) . the agreements expire at various dates from 2016 through 2028 . ( 3 ) multilateral loans include loans funded and guaranteed by bilaterals , multilaterals , development banks and other similar institutions . ( 4 ) non-recourse debt of $ 704 million and $ 945 million as of december 31 , 2011 and 2010 , respectively , was excluded from non-recourse debt and included in current and long-term liabilities of held for sale and discontinued businesses in the accompanying consolidated balance sheets . non-recourse debt as of december 31 , 2011 is scheduled to reach maturity as set forth in the table below : december 31 , annual maturities ( in millions ) .
|december 31,|annual maturities ( in millions )|
|2012|$ 2152|
|2013|1389|
|2014|1697|
|2015|851|
|2016|2301|
|thereafter|7698|
|total non-recourse debt|$ 16088|
as of december 31 , 2011 , aes subsidiaries with facilities under construction had a total of approximately $ 1.4 billion of committed but unused credit facilities available to fund construction and other related costs . excluding these facilities under construction , aes subsidiaries had approximately $ 1.2 billion in a number of available but unused committed revolving credit lines to support their working capital , debt service reserves and other business needs . these credit lines can be used in one or more of the following ways : solely for borrowings ; solely for letters of credit ; or a combination of these uses . the weighted average interest rate on borrowings from these facilities was 14.75% ( 14.75 % ) at december 31 , 2011 . on october 3 , 2011 , dolphin subsidiary ii , inc . ( 201cdolphin ii 201d ) , a newly formed , wholly-owned special purpose indirect subsidiary of aes , entered into an indenture ( the 201cindenture 201d ) with wells fargo bank , n.a . ( the 201ctrustee 201d ) as part of its issuance of $ 450 million aggregate principal amount of 6.50% ( 6.50 % ) senior notes due 2016 ( the 201c2016 notes 201d ) and $ 800 million aggregate principal amount of 7.25% ( 7.25 % ) senior notes due 2021 ( the 201c7.25% ( 201c7.25 % ) 2021 notes 201d , together with the 2016 notes , the 201cnotes 201d ) to finance the acquisition ( the 201cacquisition 201d ) of dpl . upon closing of the acquisition on november 28 , 2011 , dolphin ii was merged into dpl with dpl being the surviving entity and obligor . the 2016 notes and the 7.25% ( 7.25 % ) 2021 notes are included under 201cnotes and bonds 201d in the non-recourse detail table above . see note 23 2014acquisitions and dispositions for further information . interest on the 2016 notes and the 7.25% ( 7.25 % ) 2021 notes accrues at a rate of 6.50% ( 6.50 % ) and 7.25% ( 7.25 % ) per year , respectively , and is payable on april 15 and october 15 of each year , beginning april 15 , 2012 . prior to september 15 , 2016 with respect to the 2016 notes and july 15 , 2021 with respect to the 7.25% ( 7.25 % ) 2021 notes , dpl may redeem some or all of the 2016 notes or 7.25% ( 7.25 % ) 2021 notes at par , plus a 201cmake-whole 201d amount set forth in .
Question: as of december 31 , 2011 , what is the total in billions available under the committed credit facilities?
Answer: | 2.6 |
FINQA3803 | 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 2012 and 2013?
Answer: | 0.33168 |
FINQA3804 | Please answer the given financial question based on the context.
Context: f0b7 free cash flow 2013 cash generated by operating activities totaled $ 6.2 billion , reduced by $ 3.6 billion for cash used in investing activities and a 37% ( 37 % ) increase in dividends paid , yielding free cash flow of $ 1.4 billion . free cash flow is defined as cash provided by operating activities ( adjusted for the reclassification of our receivables securitization facility ) , less cash used in investing activities and dividends paid . free cash flow is not considered a financial measure under accounting principles generally accepted in the u.s . ( gaap ) by sec regulation g and item 10 of sec regulation s-k and may not be defined and calculated by other companies in the same manner . we believe free cash flow is important to management and investors in evaluating our financial performance and measures our ability to generate cash without additional external financings . free cash flow should be considered in addition to , rather than as a substitute for , cash provided by operating activities . the following table reconciles cash provided by operating activities ( gaap measure ) to free cash flow ( non-gaap measure ) : millions 2012 2011 2010 .
|millions|2012|2011|2010|
|cash provided by operating activities|$ 6161|$ 5873|$ 4105|
|receivables securitization facility [a]|-|-|400|
|cash provided by operating activities adjusted for the receivables securitizationfacility|6161|5873|4505|
|cash used in investing activities|-3633 ( 3633 )|-3119 ( 3119 )|-2488 ( 2488 )|
|dividends paid|-1146 ( 1146 )|-837 ( 837 )|-602 ( 602 )|
|free cash flow|$ 1382|$ 1917|$ 1415|
[a] effective january 1 , 2010 , a new accounting standard required us to account for receivables transferred under our receivables securitization facility as secured borrowings in our consolidated statements of financial position and as financing activities in our consolidated statements of cash flows . the receivables securitization facility is included in our free cash flow calculation to adjust cash provided by operating activities as though our receivables securitization facility had been accounted for under the new accounting standard for all periods presented . 2013 outlook f0b7 safety 2013 operating a safe railroad benefits our employees , our customers , our shareholders , and the communities we serve . we will continue using a multi-faceted approach to safety , utilizing technology , risk assessment , quality control , training and employee engagement , and targeted capital investments . we will continue using and expanding the deployment of total safety culture throughout our operations , which allows us to identify and implement best practices for employee and operational safety . derailment prevention and the reduction of grade crossing incidents are critical aspects of our safety programs . we will continue our efforts to increase rail defect detection ; improve or close crossings ; and educate the public and law enforcement agencies about crossing safety through a combination of our own programs ( including risk assessment strategies ) , various industry programs and local community activities across our network . f0b7 network operations 2013 we will continue focusing on our six critical initiatives to improve safety , service and productivity during 2013 . we are seeing solid contributions from reducing variability , continuous improvements , and standard work . resource agility allows us to respond quickly to changing market conditions and network disruptions from weather or other events . the railroad continues to benefit from capital investments that allow us to build capacity for growth and harden our infrastructure to reduce failure . f0b7 fuel prices 2013 uncertainty about the economy makes projections of fuel prices difficult . we again could see volatile fuel prices during the year , as they are sensitive to global and u.s . domestic demand , refining capacity , geopolitical events , weather conditions and other factors . to reduce the impact of fuel price on earnings , we will continue seeking cost recovery from our customers through our fuel surcharge programs and expanding our fuel conservation efforts . f0b7 capital plan 2013 in 2013 , we plan to make total capital investments of approximately $ 3.6 billion , including expenditures for positive train control ( ptc ) , which may be revised if business conditions warrant or if new laws or regulations affect our ability to generate sufficient returns on these investments . ( see further discussion in this item 7 under liquidity and capital resources 2013 capital plan. ) .
Question: what percentage of 2012 operating cash flow was used for dividends?
Answer: | 0.18601 |
FINQA3805 | Please answer the given financial question based on the context.
Context: bhge 2018 form 10-k | 39 outstanding under the commercial paper program . the maximum combined borrowing at any time under both the 2017 credit agreement and the commercial paper program is $ 3 billion . if market conditions were to change and our revenue was reduced significantly or operating costs were to increase , our cash flows and liquidity could be reduced . additionally , it could cause the rating agencies to lower our credit rating . there are no ratings triggers that would accelerate the maturity of any borrowings under our committed credit facility . however , a downgrade in our credit ratings could increase the cost of borrowings under the credit facility and could also limit or preclude our ability to issue commercial paper . should this occur , we could seek alternative sources of funding , including borrowing under the credit facility . during the year ended december 31 , 2018 , we used cash to fund a variety of activities including certain working capital needs and restructuring costs , capital expenditures , the repayment of debt , payment of dividends , distributions to ge and share repurchases . we believe that cash on hand , cash flows generated from operations and the available credit facility will provide sufficient liquidity to manage our global cash needs . cash flows cash flows provided by ( used in ) each type of activity were as follows for the years ended december 31: .
|( in millions )|2018|2017|2016|
|operating activities|$ 1762|$ -799 ( 799 )|$ 262|
|investing activities|-578 ( 578 )|-4123 ( 4123 )|-472 ( 472 )|
|financing activities|-4363 ( 4363 )|10919|-102 ( 102 )|
operating activities our largest source of operating cash is payments from customers , of which the largest component is collecting cash related to product or services sales including advance payments or progress collections for work to be performed . the primary use of operating cash is to pay our suppliers , employees , tax authorities and others for a wide range of material and services . cash flows from operating activities generated cash of $ 1762 million and used cash of $ 799 million for the years ended december 31 , 2018 and 2017 , respectively . cash flows from operating activities increased $ 2561 million in 2018 primarily driven by better operating performance . these cash inflows were supported by strong working capital cash flows , especially in the fourth quarter of 2018 , including approximately $ 300 million for a progress collection payment from a customer . included in our cash flows from operating activities for 2018 and 2017 are payments of $ 473 million and $ 612 million , respectively , made primarily for employee severance as a result of our restructuring activities and merger and related costs . cash flows from operating activities used $ 799 million and generated $ 262 million for the years ended december 31 , 2017 and 2016 , respectively . cash flows from operating activities decreased $ 1061 million in 2017 primarily driven by a $ 1201 million negative impact from ending our receivables monetization program in the fourth quarter , and restructuring related payments throughout the year . these cash outflows were partially offset by strong working capital cash flows , especially in the fourth quarter of 2017 . included in our cash flows from operating activities for 2017 and 2016 are payments of $ 612 million and $ 177 million , respectively , made for employee severance as a result of our restructuring activities and merger and related costs . investing activities cash flows from investing activities used cash of $ 578 million , $ 4123 million and $ 472 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . our principal recurring investing activity is the funding of capital expenditures to ensure that we have the appropriate levels and types of machinery and equipment in place to generate revenue from operations . expenditures for capital assets totaled $ 995 million , $ 665 million and $ 424 million for 2018 , 2017 and 2016 , respectively , partially offset by cash flows from the sale of property , plant and equipment of $ 458 million , $ 172 million and $ 20 million in 2018 , 2017 and 2016 , respectively . proceeds from the disposal of assets related primarily .
Question: what are the cash flows from the sale of property , plant and equipment in 2018 as a percentage of cash from operating activities in 2018?
Answer: | 0.25993 |
FINQA3806 | Please answer the given financial question based on the context.
Context: notes to consolidated financial statements 236 jpmorgan chase & co./2010 annual report the table below sets forth the accretable yield activity for the firm 2019s pci consumer loans for the years ended december 31 , 2010 , 2009 and .
|year ended december 31 , ( in millions except ratios )|year ended december 31 , 2010|year ended december 31 , 2009|2008|
|balance january 1|$ 25544|$ 32619|$ 2014|
|washington mutual acquisition|2014|2014|39454|
|accretion into interest income|-3232 ( 3232 )|-4363 ( 4363 )|-1292 ( 1292 )|
|changes in interest rates on variable rate loans|-819 ( 819 )|-4849 ( 4849 )|-5543 ( 5543 )|
|other changes in expected cash flows ( a )|-2396 ( 2396 )|2137|2014|
|balance december 31|$ 19097|$ 25544|$ 32619|
|accretable yield percentage|4.35% ( 4.35 % )|5.14% ( 5.14 % )|5.81% ( 5.81 % )|
( a ) other changes in expected cash flows may vary from period to period as the firm continues to refine its cash flow model and periodically updates model assumptions . for the years ended december 31 , 2010 and 2009 , other changes in expected cash flows were principally driven by changes in prepayment assumptions , as well as reclassification to the nonaccretable difference . such changes are expected to have an insignificant impact on the accretable yield percentage . the factors that most significantly affect estimates of gross cash flows expected to be collected , and accordingly the accretable yield balance , include : ( i ) changes in the benchmark interest rate indices for variable rate products such as option arm and home equity loans ; and ( ii ) changes in prepayment assump- tions . to date , the decrease in the accretable yield percentage has been primarily related to a decrease in interest rates on vari- able-rate loans and , to a lesser extent , extended loan liquida- tion periods . certain events , such as extended loan liquidation periods , affect the timing of expected cash flows but not the amount of cash expected to be received ( i.e. , the accretable yield balance ) . extended loan liquidation periods reduce the accretable yield percentage because the same accretable yield balance is recognized against a higher-than-expected loan balance over a longer-than-expected period of time. .
Question: what was the percentage change in the accretable yield activity for the firm 2019s pci consumer loans in 2010
Answer: | -0.25239 |
FINQA3807 | Please answer the given financial question based on the context.
Context: notional amounts and derivative receivables marked to market ( 201cmtm 201d ) notional amounts ( a ) derivative receivables mtm as of december 31 .
|as of december 31 , ( in billions )|as of december 31 , 2005|as of december 31 , 2004|2005|2004|
|interest rate|$ 38493|$ 37022|$ 30|$ 46|
|foreign exchange|2136|1886|3|8|
|equity|458|434|6|6|
|credit derivatives|2241|1071|4|3|
|commodity|265|101|7|3|
|total|$ 43593|$ 40514|50|66|
|collateral held againstderivative receivables|na|na|-6 ( 6 )|-9 ( 9 )|
|exposure net of collateral|na|na|$ 44 ( b )|$ 57 ( c )|
( a ) the notional amounts represent the gross sum of long and short third-party notional derivative contracts , excluding written options and foreign exchange spot contracts , which significantly exceed the possible credit losses that could arise from such transactions . for most derivative transactions , the notional principal amount does not change hands ; it is used simply as a reference to calculate payments . ( b ) the firm held $ 33 billion of collateral against derivative receivables as of december 31 , 2005 , consisting of $ 27 billion in net cash received under credit support annexes to legally enforceable master netting agreements , and $ 6 billion of other liquid securities collateral . the benefit of the $ 27 billion is reflected within the $ 50 billion of derivative receivables mtm . excluded from the $ 33 billion of collateral is $ 10 billion of collateral delivered by clients at the initiation of transactions ; this collateral secures exposure that could arise in the derivatives portfolio should the mtm of the client 2019s transactions move in the firm 2019s favor . also excluded are credit enhancements in the form of letters of credit and surety receivables . ( c ) the firm held $ 41 billion of collateral against derivative receivables as of december 31 , 2004 , consisting of $ 32 billion in net cash received under credit support annexes to legally enforceable master netting agreements , and $ 9 billion of other liquid securities collateral . the benefit of the $ 32 billion is reflected within the $ 66 billion of derivative receivables mtm . excluded from the $ 41 billion of collateral is $ 10 billion of collateral delivered by clients at the initiation of transactions ; this collateral secures exposure that could arise in the derivatives portfolio should the mtm of the client 2019s transactions move in the firm 2019s favor . also excluded are credit enhancements in the form of letters of credit and surety receivables . management 2019s discussion and analysis jpmorgan chase & co . 68 jpmorgan chase & co . / 2005 annual report 1 year 2 years 5 years 10 years mdp avgavgdredre exposure profile of derivatives measures december 31 , 2005 ( in billions ) the following table summarizes the aggregate notional amounts and the reported derivative receivables ( i.e. , the mtm or fair value of the derivative contracts after taking into account the effects of legally enforceable master netting agreements ) at each of the dates indicated : the mtm of derivative receivables contracts represents the cost to replace the contracts at current market rates should the counterparty default . when jpmorgan chase has more than one transaction outstanding with a counter- party , and a legally enforceable master netting agreement exists with that counterparty , the netted mtm exposure , less collateral held , represents , in the firm 2019s view , the appropriate measure of current credit risk . while useful as a current view of credit exposure , the net mtm value of the derivative receivables does not capture the potential future variability of that credit exposure . to capture the potential future variability of credit exposure , the firm calculates , on a client-by-client basis , three measures of potential derivatives-related credit loss : peak , derivative risk equivalent ( 201cdre 201d ) and average exposure ( 201cavg 201d ) . these measures all incorporate netting and collateral benefits , where applicable . peak exposure to a counterparty is an extreme measure of exposure calculated at a 97.5% ( 97.5 % ) confidence level . however , the total potential future credit risk embedded in the firm 2019s derivatives portfolio is not the simple sum of all peak client credit risks . this is because , at the portfolio level , credit risk is reduced by the fact that when offsetting transactions are done with separate counter- parties , only one of the two trades can generate a credit loss , even if both counterparties were to default simultaneously . the firm refers to this effect as market diversification , and the market-diversified peak ( 201cmdp 201d ) measure is a portfolio aggregation of counterparty peak measures , representing the maximum losses at the 97.5% ( 97.5 % ) confidence level that would occur if all coun- terparties defaulted under any one given market scenario and time frame . derivative risk equivalent ( 201cdre 201d ) exposure is a measure that expresses the riskiness of derivative exposure on a basis intended to be equivalent to the riskiness of loan exposures . the measurement is done by equating the unexpected loss in a derivative counterparty exposure ( which takes into consideration both the loss volatility and the credit rating of the counterparty ) with the unexpected loss in a loan exposure ( which takes into consideration only the credit rating of the counterparty ) . dre is a less extreme measure of potential credit loss than peak and is the primary measure used by the firm for credit approval of derivative transactions . finally , average exposure ( 201cavg 201d ) is a measure of the expected mtm value of the firm 2019s derivative receivables at future time periods , including the benefit of collateral . avg exposure over the total life of the derivative contract is used as the primary metric for pricing purposes and is used to calculate credit capital and the credit valuation adjustment ( 201ccva 201d ) , as further described below . average exposure was $ 36 billion and $ 38 billion at december 31 , 2005 and 2004 , respectively , compared with derivative receivables mtm net of other highly liquid collateral of $ 44 billion and $ 57 billion at december 31 , 2005 and 2004 , respectively . the graph below shows exposure profiles to derivatives over the next 10 years as calculated by the mdp , dre and avg metrics . all three measures generally show declining exposure after the first year , if no new trades were added to the portfolio. .
Question: without credit derivatives , what would 2005 total derivatives balance have been , in us$ b?
Answer: | 41352.0 |
FINQA3808 | Please answer the given financial question based on the context.
Context: stock performance graph the following line-graph presentation compares our cumulative shareholder returns with the standard & poor 2019s information technology index and the standard & poor 2019s 500 stock index for the past five years . the line graph assumes the investment of $ 100 in our common stock , the standard & poor 2019s information technology index , and the standard & poor 2019s 500 stock index on may 31 , 2002 and assumes reinvestment of all dividends . comparison of 5 year cumulative total return* among global payments inc. , the s&p 500 index and the s&p information technology index 5/02 5/03 5/04 5/05 5/06 5/07 global payments inc . s&p 500 s&p information technology * $ 100 invested on 5/31/02 in stock or index-including reinvestment of dividends . fiscal year ending may 31 . global payments s&p 500 information technology .
||global payments|s&p 500|s&p information technology|
|may 31 2002|$ 100.00|$ 100.00|$ 100.00|
|may 31 2003|94.20|91.94|94.48|
|may 31 2004|129.77|108.79|115.24|
|may 31 2005|193.30|117.75|116.29|
|may 31 2006|260.35|127.92|117.14|
|may 31 2007|224.24|157.08|144.11|
issuer purchases of equity securities on april 5 , 2007 , our board of directors authorized repurchases of our common stock in an amount up to $ 100 million . the board has authorized us to purchase shares from time to time as market conditions permit . there is no expiration date with respect to this authorization . no amounts have been repurchased during the fiscal year ended may 31 , 2007. .
Question: in comparison to overall information technology sector , how much percentage would global payments have earned the investor .
Answer: | 80.13 |
FINQA3809 | Please answer the given financial question based on the context.
Context: marathon oil corporation notes to consolidated financial statements stock-based performance unit awards 2013 during 2018 , 2017 and 2016 we granted 754140 , 563631 and 1205517 stock- based performance unit awards to officers . at december 31 , 2018 , there were 1196176 units outstanding . total stock-based performance unit awards expense was $ 13 million in 2018 , $ 8 million in 2017 and $ 6 million in 2016 . the key assumptions used in the monte carlo simulation to determine the fair value of stock-based performance units granted in 2018 , 2017 and 2016 were: .
||2018|2017|2016|
|valuation date stock price|$ 14.17|$ 14.17|$ 14.17|
|expected annual dividend yield|1.4% ( 1.4 % )|1.4% ( 1.4 % )|1.4% ( 1.4 % )|
|expected volatility|39% ( 39 % )|43% ( 43 % )|52% ( 52 % )|
|risk-free interest rate|2.5% ( 2.5 % )|2.6% ( 2.6 % )|2.4% ( 2.4 % )|
|fair value of stock-based performance units outstanding|$ 19.60|$ 19.45|$ 21.51|
18 . defined benefit postretirement plans and defined contribution plan we have noncontributory defined benefit pension plans covering substantially all domestic employees , as well as u.k . employees who were hired before april 2010 . certain employees located in e.g. , who are u.s . or u.k . based , also participate in these plans . benefits under these plans are based on plan provisions specific to each plan . for the u.k . pension plan , the principal employer and plan trustees reached a decision to close the plan to future benefit accruals effective december 31 , 2015 . we also have defined benefit plans for other postretirement benefits covering our u.s . employees . health care benefits are provided up to age 65 through comprehensive hospital , surgical and major medical benefit provisions subject to various cost- sharing features . post-age 65 health care benefits are provided to certain u.s . employees on a defined contribution basis . life insurance benefits are provided to certain retiree beneficiaries . these other postretirement benefits are not funded in advance . employees hired after 2016 are not eligible for any postretirement health care or life insurance benefits. .
Question: by how much did the fair value of stock-based performance units outstanding decrease from 2016 to 2018?
Answer: | -0.0888 |
FINQA3810 | Please answer the given financial question based on the context.
Context: compared to earlier levels . the pre-tax non-cash impairments of certain mineral rights and real estate discussed above under the caption fffdland and development impairments fffd are not included in segment income . liquidity and capital resources on january 29 , 2018 , we announced that a definitive agreement had been signed for us to acquire all of the outstanding shares of kapstone for $ 35.00 per share and the assumption of approximately $ 1.36 billion in net debt , for a total enterprise value of approximately $ 4.9 billion . in contemplation of the transaction , on march 6 , 2018 , we issued $ 600.0 million aggregate principal amount of 3.75% ( 3.75 % ) senior notes due 2025 and $ 600.0 million aggregate principal amount of 4.0% ( 4.0 % ) senior notes due 2028 in an unregistered offering pursuant to rule 144a and regulation s under the securities act of 1933 , as amended ( the fffdsecurities act fffd ) . in addition , on march 7 , 2018 , we entered into the delayed draw credit facilities ( as hereinafter defined ) that provide for $ 3.8 billion of senior unsecured term loans . on november 2 , 2018 , in connection with the closing of the kapstone acquisition , we drew upon the facility in full . the proceeds of the delayed draw credit facilities ( as hereinafter defined ) and other sources of cash were used to pay the consideration for the kapstone acquisition , to repay certain existing indebtedness of kapstone and to pay fees and expenses incurred in connection with the kapstone acquisition . we fund our working capital requirements , capital expenditures , mergers , acquisitions and investments , restructuring activities , dividends and stock repurchases from net cash provided by operating activities , borrowings under our credit facilities , proceeds from our new a/r sales agreement ( as hereinafter defined ) , proceeds from the sale of property , plant and equipment removed from service and proceeds received in connection with the issuance of debt and equity securities . see fffdnote 13 . debt fffdtt of the notes to consolidated financial statements for additional information . funding for our domestic operations in the foreseeable future is expected to come from sources of liquidity within our domestic operations , including cash and cash equivalents , and available borrowings under our credit facilities . as such , our foreign cash and cash equivalents are not expected to be a key source of liquidity to our domestic operations . at september 30 , 2018 , excluding the delayed draw credit facilities , we had approximately $ 3.2 billion of availability under our committed credit facilities , primarily under our revolving credit facility , the majority of which matures on july 1 , 2022 . this liquidity may be used to provide for ongoing working capital needs and for other general corporate purposes , including acquisitions , dividends and stock repurchases . certain restrictive covenants govern our maximum availability under the credit facilities . we test and report our compliance with these covenants as required and we were in compliance with all of these covenants at september 30 , 2018 . at september 30 , 2018 , we had $ 104.9 million of outstanding letters of credit not drawn cash and cash equivalents were $ 636.8 million at september 30 , 2018 and $ 298.1 million at september 30 , 2017 . we used a significant portion of the cash and cash equivalents on hand at september 30 , 2018 in connection with the closing of the kapstone acquisition . approximately 20% ( 20 % ) of the cash and cash equivalents at september 30 , 2018 were held outside of the u.s . at september 30 , 2018 , total debt was $ 6415.2 million , $ 740.7 million of which was current . at september 30 , 2017 , total debt was $ 6554.8 million , $ 608.7 million of which was current . cash flow activityy .
|( in millions )|year ended september 30 , 2018|year ended september 30 , 2017|year ended september 30 , 2016|
|net cash provided by operating activities|$ 2420.9|$ 1900.5|$ 1688.4|
|net cash used for investing activities|$ -1298.9 ( 1298.9 )|$ -1285.8 ( 1285.8 )|$ -1351.4 ( 1351.4 )|
|net cash used for financing activities|$ -755.1 ( 755.1 )|$ -655.4 ( 655.4 )|$ -231.0 ( 231.0 )|
net cash provided by operating activities during fiscal 2018 increased $ 520.4 million from fiscal 2017 primarily due to higher cash earnings and lower cash taxes due to the impact of the tax act . net cash provided by operating activities during fiscal 2017 increased $ 212.1 million from fiscal 2016 primarily due to a $ 111.6 million net increase in cash flow from working capital changes plus higher after-tax cash proceeds from our land and development segment fffds accelerated monetization . the changes in working capital in fiscal 2018 , 2017 and 2016 included a .
Question: in 2018 what was the net change in the cash in millions
Answer: | 366.9 |
FINQA3811 | Please answer the given financial question based on the context.
Context: devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) debt maturities as of december 31 , 2013 , excluding premiums and discounts , are as follows ( in millions ) : .
|2014|$ 4067|
|2015|2014|
|2016|500|
|2017|750|
|2018|125|
|2019 and thereafter|6600|
|total|$ 12042|
credit lines devon has a $ 3.0 billion syndicated , unsecured revolving line of credit ( the 201csenior credit facility 201d ) that matures on october 24 , 2018 . however , prior to the maturity date , devon has the option to extend the maturity for up to one additional one-year period , subject to the approval of the lenders . amounts borrowed under the senior credit facility may , at the election of devon , bear interest at various fixed rate options for periods of up to twelve months . such rates are generally less than the prime rate . however , devon may elect to borrow at the prime rate . the senior credit facility currently provides for an annual facility fee of $ 3.8 million that is payable quarterly in arrears . as of december 31 , 2013 , there were no borrowings under the senior credit facility . the senior credit facility contains only one material financial covenant . this covenant requires devon 2019s ratio of total funded debt to total capitalization , as defined in the credit agreement , to be no greater than 65 percent . the credit agreement contains definitions of total funded debt and total capitalization that include adjustments to the respective amounts reported in the accompanying financial statements . also , total capitalization is adjusted to add back noncash financial write-downs such as full cost ceiling impairments or goodwill impairments . as of december 31 , 2013 , devon was in compliance with this covenant with a debt-to- capitalization ratio of 25.7 percent . commercial paper devon has access to $ 3.0 billion of short-term credit under its commercial paper program . commercial paper debt generally has a maturity of between 1 and 90 days , although it can have a maturity of up to 365 days , and bears interest at rates agreed to at the time of the borrowing . the interest rate is generally based on a standard index such as the federal funds rate , libor , or the money market rate as found in the commercial paper market . as of december 31 , 2013 , devon 2019s weighted average borrowing rate on its commercial paper borrowings was 0.30 percent . other debentures and notes following are descriptions of the various other debentures and notes outstanding at december 31 , 2013 , as listed in the table presented at the beginning of this note . geosouthern debt in december 2013 , in conjunction with the planned geosouthern acquisition , devon issued $ 2.25 billion aggregate principal amount of fixed and floating rate senior notes resulting in cash proceeds of approximately .
Question: based on the december 31 , 2013 , devon 2019s weighted average borrowing rate on its commercial paper borrowings what was the potential value of its commercial paper asset in billions
Answer: | 0.9 |
FINQA3812 | Please answer the given financial question based on the context.
Context: table of contents the following table presents certain payments due by the company under contractual obligations with minimum firm commitments as of september 28 , 2013 and excludes amounts already recorded on the consolidated balance sheet , except for long-term debt ( in millions ) : lease commitments the company 2019s major facility leases are typically for terms not exceeding 10 years and generally provide renewal options for terms not exceeding five additional years . leases for retail space are for terms ranging from five to 20 years , the majority of which are for 10 years , and often contain multi-year renewal options . as of september 28 , 2013 , the company 2019s total future minimum lease payments under noncancelable operating leases were $ 4.7 billion , of which $ 3.5 billion related to leases for retail space . purchase commitments with outsourcing partners and component suppliers 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 28 , 2013 , the company had outstanding off-balance sheet third- party manufacturing commitments and component purchase commitments of $ 18.6 billion . other obligations in addition to the off-balance sheet commitments mentioned above , the company had outstanding obligations of $ 1.3 billion as of september 28 , 2013 , that consisted mainly of commitments to acquire capital assets , including product tooling and manufacturing process equipment , and commitments related to advertising , research and development , internet and telecommunications services and other obligations . the company 2019s other non-current liabilities in the consolidated balance sheets consist primarily of deferred tax liabilities , gross unrecognized tax benefits and the related gross interest and penalties . as of september 28 , 2013 , the company had non-current deferred tax liabilities of $ 16.5 billion . additionally , as of september 28 , 2013 , the company had gross unrecognized tax benefits of $ 2.7 billion and an additional $ 590 million for gross interest and penalties classified as non-current liabilities . at this time , the company is unable to make a reasonably reliable estimate of the timing of payments in individual years in connection with these tax liabilities ; therefore , such amounts are not included in the above contractual obligation table . indemnification the company generally does not indemnify end-users of its operating system and application software against legal claims that the software infringes third-party intellectual property rights . other agreements entered into by payments due in than 1 payments due in payments due in payments due in than 5 years total .
||payments due in less than1 year|payments due in 1-3 years|payments due in 4-5 years|payments due in more than5 years|total|
|long-term debt|$ 0|$ 2500|$ 6000|$ 8500|$ 17000|
|operating leases|610|1200|1056|1855|4721|
|purchase obligations|18616|0|0|0|18616|
|other obligations|1081|248|16|3|1348|
|total|$ 20307|$ 3948|$ 7072|$ 10358|$ 41685|
.
Question: as of september 28 , 2013 , the company had non-current deferred tax liabilities of $ 16.5 billion . what was the difference between this and the balance of gross unrecognized tax benefits , in billions?
Answer: | 13.8 |
FINQA3813 | Please answer the given financial question based on the context.
Context: stock price performance the following graph shows a comparison of the cumulative total return on our common stock , the standard & poor 2019s 500 index and the standard & poor 2019s retail index . the graph assumes that the value of an investment in our common stock and in each such index was $ 100 on january 3 , 2009 , and that any dividends have been reinvested . the comparison in the graph below is based solely on historical data and is not intended to forecast the possible future performance of our common stock . comparison of cumulative total return among advance auto parts , inc. , s&p 500 index and s&p retail index company/index january 3 , january 2 , january 1 , december 31 , december 29 , december 28 .
|company/index|january 3 2009|january 2 2010|january 1 2011|december 31 2011|december 29 2012|december 28 2013|
|advance auto parts|$ 100.00|$ 119.28|$ 195.80|$ 206.86|$ 213.14|$ 327.63|
|s&p 500 index|100.00|119.67|134.97|134.96|150.51|197.62|
|s&p retail index|100.00|141.28|174.70|179.79|219.77|321.02|
.
Question: what is the total return for every dollar invested in advanced auto parts in january 2009 and sold in january 2011?
Answer: | 0.958 |
FINQA3814 | Please answer the given financial question based on the context.
Context: the pnc financial services group , inc . 2013 form 10-k 65 liquidity and capital management liquidity risk has two fundamental components . the first is potential loss assuming we were unable to meet our funding requirements at a reasonable cost . the second is the potential inability to operate our businesses because adequate contingent liquidity is not available . we manage liquidity risk at the consolidated company level ( bank , parent company and nonbank subsidiaries combined ) to help ensure that we can obtain cost-effective funding to meet current and future obligations under both normal 201cbusiness as usual 201d and stressful circumstances , and to help ensure that we maintain an appropriate level of contingent liquidity . management monitors liquidity through a series of early warning indicators that may indicate a potential market , or pnc-specific , liquidity stress event . in addition , management performs a set of liquidity stress tests over multiple time horizons with varying levels of severity and maintains a contingency funding plan to address a potential liquidity stress event . in the most severe liquidity stress simulation , we assume that our liquidity position is under pressure , while the market in general is under systemic pressure . the simulation considers , among other things , the impact of restricted access to both secured and unsecured external sources of funding , accelerated run-off of customer deposits , valuation pressure on assets and heavy demand to fund committed obligations . parent company liquidity guidelines are designed to help ensure that sufficient liquidity is available to meet our parent company obligations over the succeeding 24-month period . liquidity-related risk limits are established within our enterprise liquidity management policy and supporting policies . management committees , including the asset and liability committee , and the board of directors and its risk committee regularly review compliance with key established limits . in addition to these liquidity monitoring measures and tools described above , we also monitor our liquidity by reference to the liquidity coverage ratio ( lcr ) which is further described in the supervision and regulation section in item 1 of this report . pnc and pnc bank calculate the lcr on a daily basis and as of december 31 , 2018 , the lcr for pnc and pnc bank exceeded the fully phased-in requirement of 100% ( 100 % ) . we provide additional information regarding regulatory liquidity requirements and their potential impact on us in the supervision and regulation section of item 1 business and item 1a risk factors of this report . sources of liquidity our largest source of liquidity on a consolidated basis is the customer deposit base generated by our banking businesses . these deposits provide relatively stable and low-cost funding . total deposits increased to $ 267.8 billion at december 31 , 2018 from $ 265.1 billion at december 31 , 2017 driven by growth in interest-bearing deposits partially offset by a decrease in noninterest-bearing deposits . see the funding sources section of the consolidated balance sheet review in this report for additional information related to our deposits . additionally , certain assets determined by us to be liquid as well as unused borrowing capacity from a number of sources are also available to manage our liquidity position . at december 31 , 2018 , our liquid assets consisted of short-term investments ( federal funds sold , resale agreements , trading securities and interest-earning deposits with banks ) totaling $ 22.1 billion and securities available for sale totaling $ 63.4 billion . the level of liquid assets fluctuates over time based on many factors , including market conditions , loan and deposit growth and balance sheet management activities . our liquid assets included $ 2.7 billion of securities available for sale and trading securities pledged as collateral to secure public and trust deposits , repurchase agreements and for other purposes . in addition , $ 4.9 billion of securities held to maturity were also pledged as collateral for these purposes . we also obtain liquidity through various forms of funding , including long-term debt ( senior notes , subordinated debt and fhlb borrowings ) and short-term borrowings ( securities sold under repurchase agreements , commercial paper and other short-term borrowings ) . see note 10 borrowed funds and the funding sources section of the consolidated balance sheet review in this report for additional information related to our borrowings . total senior and subordinated debt , on a consolidated basis , decreased due to the following activity : table 24 : senior and subordinated debt .
|in billions|2018|
|january 1|$ 33.3|
|issuances|4.5|
|calls and maturities|-6.8 ( 6.8 )|
|other|-.1 ( .1 )|
|december 31|$ 30.9|
.
Question: at december 31 , 2018what was the liquid assets consisted made of short-term investments
Answer: | 0.25848 |
FINQA3815 | Please answer the given financial question based on the context.
Context: ( 2 ) for purposes of calculating the ratio of earnings to fixed charges , earnings consist of earnings before income taxes minus income from equity investees plus fixed charges . fixed charges consist of interest expense and the portion of rental expense we believe is representative of the interest component of rental expense . ( a ) for the years ended december 31 , 2010 and 2009 , earnings available for fixed charges were inadequate to cover fixed charges by $ 37.0 million and $ 461.2 million , respectively . ( 3 ) ebitda is defined as consolidated net income ( loss ) before interest expense , income tax expense ( benefit ) , depreciation , and amortization . adjusted ebitda , which is a measure defined in our credit agreements , is calculated by adjusting ebitda for certain items of income and expense including ( but not limited to ) the following : ( a ) non-cash equity-based compensation ; ( b ) goodwill impairment charges ; ( c ) sponsor fees ; ( d ) certain consulting fees ; ( e ) debt-related legal and accounting costs ; ( f ) equity investment income and losses ; ( g ) certain severance and retention costs ; ( h ) gains and losses from the early extinguishment of debt ; ( i ) gains and losses from asset dispositions outside the ordinary course of business ; and ( j ) non-recurring , extraordinary or unusual gains or losses or expenses . we have included a reconciliation of ebitda and adjusted ebitda in the table below . both ebitda and adjusted ebitda are considered non-gaap financial measures . generally , a non-gaap financial measure is a numerical measure of a company 2019s performance , financial position or cash flows that either excludes or includes amounts that are not normally included or excluded in the most directly comparable measure calculated and presented in accordance with gaap . non-gaap measures used by the company may differ from similar measures used by other companies , even when similar terms are used to identify such measures . we believe that ebitda and adjusted ebitda provide helpful information with respect to our operating performance and cash flows including our ability to meet our future debt service , capital expenditures and working capital requirements . adjusted ebitda also provides helpful information as it is the primary measure used in certain financial covenants contained in our credit agreements . the following unaudited table sets forth reconciliations of net income ( loss ) to ebitda and ebitda to adjusted ebitda for the periods presented: .
|( in millions )|years ended december 31 , 2013|years ended december 31 , 2012|years ended december 31 , 2011|years ended december 31 , 2010|years ended december 31 , 2009|
|net income ( loss )|$ 132.8|$ 119.0|$ 17.1|$ -29.2 ( 29.2 )|$ -373.4 ( 373.4 )|
|depreciation and amortization|208.2|210.2|204.9|209.4|218.2|
|income tax expense ( benefit )|62.7|67.1|11.2|-7.8 ( 7.8 )|-87.8 ( 87.8 )|
|interest expense net|250.1|307.4|324.2|391.9|431.7|
|ebitda|653.8|703.7|557.4|564.3|188.7|
|non-cash equity-based compensation|8.6|22.1|19.5|11.5|15.9|
|sponsor fees|2.5|5.0|5.0|5.0|5.0|
|consulting and debt-related professional fees|0.1|0.6|5.1|15.1|14.1|
|goodwill impairment|2014|2014|2014|2014|241.8|
|net loss ( gain ) on extinguishments of long-term debt|64.0|17.2|118.9|-2.0 ( 2.0 )|2014|
|litigation net ( i )|-4.1 ( 4.1 )|4.3|2014|2014|2014|
|ipo- and secondary-offering related expenses|75.0|2014|2014|2014|2014|
|other adjustments ( ii )|8.6|13.7|11.4|7.9|-0.1 ( 0.1 )|
|adjusted ebitda|$ 808.5|$ 766.6|$ 717.3|$ 601.8|$ 465.4|
( i ) relates to unusual , non-recurring litigation matters . ( ii ) includes certain retention costs and equity investment income , certain severance costs in 2009 and a gain related to the sale of the informacast software and equipment in 2009. .
Question: what was the 2012 effective tax rate?
Answer: | 0.36056 |
FINQA3816 | 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 portion of the total repurchase of share has occurred during november?
Answer: | 0.40538 |
FINQA3817 | Please answer the given financial question based on the context.
Context: 58| | duke realty corporation annual report 2009 we recognized a loss of $ 1.1 million upon acquisition , which represents the difference between the fair value of the recognized assets and the carrying value of our pre-existing equity interest . the acquisition date fair value of the net recognized assets as compared to the acquisition date carrying value of our outstanding advances and accrued interest , as well as the acquisition date carrying value of our pre-existing equity interests , is shown as follows ( in thousands ) : .
|net fair value of acquired assets and liabilities|$ 206852|
|less advances to acquired entities eliminated upon consolidation|-173006 ( 173006 )|
|less acquisition date carrying value of equity in acquired entities|-34908 ( 34908 )|
|loss on business combination|$ -1062 ( 1062 )|
since april 1 , 2009 , the results of operations for both acquired entities have been included in continuing operations in our consolidated financial statements . due to our significant pre-existing ownership and financing positions in the two acquired entities , the inclusion of their results of operations did not have a material effect on our operating income . acquisitions we acquired income producing real estate related assets of $ 32.1 million , $ 60.5 million and $ 219.9 million in 2009 , 2008 and 2007 , respectively . in december 2007 , in order to further establish our property positions around strategic port locations , we purchased a portfolio of five industrial buildings in seattle , virginia and houston , as well as approximately 161 acres of undeveloped land and a 12-acre container storage facility in houston . the total price was $ 89.7 million and was financed in part through assumption of secured debt that had a fair value of $ 34.3 million . of the total purchase price , $ 64.1 million was allocated to in-service real estate assets , $ 20.0 million was allocated to undeveloped land and the container storage facility , $ 5.4 million was allocated to lease related intangible assets , and the remaining amount was allocated to acquired working capital related assets and liabilities . the results of operations for the acquired properties since the date of acquisition have been included in continuing rental operations in our consolidated financial statements . all other acquisitions were not individually material . dispositions we disposed of income producing real estate related assets with gross proceeds of $ 267.0 million , $ 426.2 million and $ 590.4 million in 2009 , 2008 and 2007 , respectively . we sold five properties in 2009 and seven properties in 2008 to an unconsolidated joint venture . the gross proceeds totaled $ 84.3 million and $ 226.2 million for the years ended december 31 , 2009 and 2008 , respectively . in march 2007 , as part of our capital recycling program , we sold a portfolio of eight suburban office properties totaling 894000 square feet in the cleveland market . the sales price totaled $ 140.4 million , of which we received net proceeds of $ 139.3 million . we also sold a portfolio of twelve flex and light industrial properties in july 2007 , totaling 865000 square feet in the st . louis market , for a sales price of $ 65.0 million , of which we received net proceeds of $ 64.2 million . all other dispositions were not individually material . ( 4 ) related party transactions we provide property management , leasing , construction and other tenant related services to unconsolidated companies in which we have equity interests . for the years ended december 31 , 2009 , 2008 and 2007 , respectively , we earned management fees of $ 8.4 million , $ 7.8 million and $ 7.1 million , leasing fees of $ 4.2 million , $ 2.8 million and $ 4.2 million and construction and development fees of $ 10.2 million , $ 12.7 million and $ 13.1 million from these companies . we recorded these fees based on contractual terms that approximate market rates for these types of .
Question: what was the ratio of the net fair value of acquired assets and liabilities to the advances and equity
Answer: | 1.00513 |
FINQA3818 | Please answer the given financial question based on the context.
Context: deferred tax assets and liabilities are recorded in the accompanying consolidated balance sheet under the captions deferred income tax assets , deferred charges and other assets , other accrued liabilities and deferred income taxes . the decrease in 2009 in deferred tax assets principally relates to the tax impact of changes in recorded qualified pension liabilities , minimum tax credit utilization and an increase in the valuation allowance . the decrease in deferred income tax liabilities principally relates to less tax depreciation taken on the company 2019s assets purchased in 2009 . the valuation allowance for deferred tax assets as of december 31 , 2008 was $ 72 million . the net change in the total valuation allowance for the year ended december 31 , 2009 , was an increase of $ 274 million . the increase of $ 274 million consists primarily of : ( 1 ) $ 211 million related to the company 2019s french operations , including a valuation allowance of $ 55 million against net deferred tax assets from current year operations and $ 156 million recorded in the second quarter of 2009 for the establishment of a valuation allowance against previously recorded deferred tax assets , ( 2 ) $ 10 million for net deferred tax assets arising from the company 2019s united king- dom current year operations , and ( 3 ) $ 47 million related to a reduction of previously recorded u.s . state deferred tax assets , including $ 15 million recorded in the fourth quarter of 2009 for louisiana recycling credits . the effect on the company 2019s effec- tive tax rate of the aforementioned $ 211 million and $ 10 million is included in the line item 201ctax rate and permanent differences on non-u.s . earnings . 201d international paper adopted the provisions of new guidance under asc 740 , 201cincome taxes , 201d on jan- uary 1 , 2007 related to uncertain tax positions . as a result of the implementation of this new guidance , the company recorded a charge to the beginning balance of retained earnings of $ 94 million , which was accounted for as a reduction to the january 1 , 2007 balance of retained earnings . a reconciliation of the beginning and ending amount of unrecognized tax benefits for the year ending december 31 , 2009 and 2008 is as follows : in millions 2009 2008 2007 .
|in millions|2009|2008|2007|
|balance at january 1|$ -435 ( 435 )|$ -794 ( 794 )|-919 ( 919 )|
|additions based on tax positions related to current year|-28 ( 28 )|-14 ( 14 )|-12 ( 12 )|
|additions for tax positions of prior years|-82 ( 82 )|-66 ( 66 )|-30 ( 30 )|
|reductions for tax positions of prior years|72|67|74|
|settlements|174|352|112|
|expiration of statutes of limitations|2|3|5|
|currency translation adjustment|-11 ( 11 )|17|-24 ( 24 )|
|balance at december 31|$ -308 ( 308 )|$ -435 ( 435 )|$ -794 ( 794 )|
included in the balance at december 31 , 2009 and 2008 are $ 56 million and $ 9 million , respectively , for tax positions for which the ultimate benefits are highly certain , but for which there is uncertainty about the timing of such benefits . however , except for the possible effect of any penalties , any dis- allowance that would change the timing of these benefits would not affect the annual effective tax rate , but would accelerate the payment of cash to the taxing authority to an earlier period . the company accrues interest on unrecognized tax benefits as a component of interest expense . penal- ties , if incurred , are recognized as a component of income tax expense . the company had approx- imately $ 95 million and $ 74 million accrued for the payment of estimated interest and penalties asso- ciated with unrecognized tax benefits at december 31 , 2009 and 2008 , respectively . the major jurisdictions where the company files income tax returns are the united states , brazil , france , poland and russia . generally , tax years 2002 through 2009 remain open and subject to examina- tion by the relevant tax authorities . the company is typically engaged in various tax examinations at any given time , both in the united states and overseas . currently , the company is engaged in discussions with the u.s . internal revenue service regarding the examination of tax years 2006 and 2007 . as a result of these discussions , other pending tax audit settle- ments , and the expiration of statutes of limitation , the company currently estimates that the amount of unrecognized tax benefits could be reduced by up to $ 125 million during the next twelve months . during 2009 , unrecognized tax benefits decreased by $ 127 million . while the company believes that it is adequately accrued for possible audit adjustments , the final resolution of these examinations cannot be determined at this time and could result in final settlements that differ from current estimates . the company 2019s 2009 income tax provision of $ 469 million included $ 279 million related to special items and other charges , consisting of a $ 534 million tax benefit related to restructuring and other charges , a $ 650 million tax expense for the alternative fuel mixture credit , and $ 163 million of tax-related adjustments including a $ 156 million tax expense to establish a valuation allowance for net operating loss carryforwards in france , a $ 26 million tax benefit for the effective settlement of federal tax audits , a $ 15 million tax expense to establish a valuation allow- ance for louisiana recycling credits , and $ 18 million of other income tax adjustments . excluding the impact of special items , the tax provision was .
Question: what was the change in unrecognized tax benefits between 2008 and 2009?
Answer: | 127.0 |
FINQA3819 | Please answer the given financial question based on the context.
Context: notes to consolidated financial statements j.p . morgan chase & co . 98 j.p . morgan chase & co . / 2003 annual report securities financing activities jpmorgan chase enters into resale agreements , repurchase agreements , securities borrowed transactions and securities loaned transactions primarily to finance the firm 2019s inventory positions , acquire securities to cover short positions and settle other securities obligations . the firm also enters into these transactions to accommodate customers 2019 needs . securities purchased under resale agreements ( 201cresale agreements 201d ) and securities sold under repurchase agreements ( 201crepurchase agreements 201d ) are generally treated as collateralized financing transactions and are carried on the consolidated bal- ance sheet at the amounts the securities will be subsequently sold or repurchased , plus accrued interest . where appropriate , resale and repurchase agreements with the same counterparty are reported on a net basis in accordance with fin 41 . jpmorgan chase takes possession of securities purchased under resale agreements . on a daily basis , jpmorgan chase monitors the market value of the underlying collateral received from its counterparties , consisting primarily of u.s . and non-u.s . govern- ment and agency securities , and requests additional collateral from its counterparties when necessary . similar transactions that do not meet the sfas 140 definition of a repurchase agreement are accounted for as 201cbuys 201d and 201csells 201d rather than financing transactions . these transactions are accounted for as a purchase ( sale ) of the underlying securities with a forward obligation to sell ( purchase ) the securities . the forward purchase ( sale ) obligation , a derivative , is recorded on the consolidated balance sheet at its fair value , with changes in fair value recorded in trading revenue . notional amounts of these transactions accounted for as purchases under sfas 140 were $ 15 billion and $ 8 billion at december 31 , 2003 and 2002 , respectively . notional amounts of these transactions accounted for as sales under sfas 140 were $ 8 billion and $ 13 billion at december 31 , 2003 and 2002 , respectively . based on the short-term duration of these contracts , the unrealized gain or loss is insignificant . securities borrowed and securities lent are recorded at the amount of cash collateral advanced or received . securities bor- rowed consist primarily of government and equity securities . jpmorgan chase monitors the market value of the securities borrowed and lent on a daily basis and calls for additional col- lateral when appropriate . fees received or paid are recorded in interest income or interest expense. .
|december 31 ( in millions )|2003|2002|
|securities purchased under resale agreements|$ 62801|$ 57645|
|securities borrowed|41834|34143|
|securities sold under repurchase agreements|$ 105409|$ 161394|
|securities loaned|2461|1661|
note 10 jpmorgan chase pledges certain financial instruments it owns to collateralize repurchase agreements and other securities financ- ings . pledged securities that can be sold or repledged by the secured party are identified as financial instruments owned ( pledged to various parties ) on the consolidated balance sheet . at december 31 , 2003 , the firm had received securities as col- lateral that can be repledged , delivered or otherwise used with a fair value of approximately $ 210 billion . this collateral was gen- erally obtained under resale or securities-borrowing agreements . of these securities , approximately $ 197 billion was repledged , delivered or otherwise used , generally as collateral under repur- chase agreements , securities-lending agreements or to cover short sales . notes to consolidated financial statements j.p . morgan chase & co . loans are reported at the principal amount outstanding , net of the allowance for loan losses , unearned income and any net deferred loan fees . loans held for sale are carried at the lower of aggregate cost or fair value . loans are classified as 201ctrading 201d for secondary market trading activities where positions are bought and sold to make profits from short-term movements in price . loans held for trading purposes are included in trading assets and are carried at fair value , with the gains and losses included in trading revenue . interest income is recognized using the interest method , or on a basis approximating a level rate of return over the term of the loan . nonaccrual loans are those on which the accrual of interest is discontinued . loans ( other than certain consumer loans discussed below ) are placed on nonaccrual status immediately if , in the opinion of management , full payment of principal or interest is in doubt , or when principal or interest is 90 days or more past due and collateral , if any , is insufficient to cover prin- cipal and interest . interest accrued but not collected at the date a loan is placed on nonaccrual status is reversed against interest income . in addition , the amortization of net deferred loan fees is suspended . interest income on nonaccrual loans is recognized only to the extent it is received in cash . however , where there is doubt regarding the ultimate collectibility of loan principal , all cash thereafter received is applied to reduce the carrying value of the loan . loans are restored to accrual status only when interest and principal payments are brought current and future payments are reasonably assured . consumer loans are generally charged to the allowance for loan losses upon reaching specified stages of delinquency , in accor- dance with the federal financial institutions examination council ( 201cffiec 201d ) policy . for example , credit card loans are charged off at the earlier of 180 days past due or within 60 days from receiving notification of the filing of bankruptcy . residential mortgage products are generally charged off to net realizable value at 180 days past due . other consumer products are gener- ally charged off ( to net realizable value if collateralized ) at 120 days past due . accrued interest on residential mortgage products , automobile financings and certain other consumer loans are accounted for in accordance with the nonaccrual loan policy note 11 .
Question: what was the ratio of the accounted for as purchases under sfas 14 in 2003 to 2002
Answer: | 1.875 |
FINQA3820 | Please answer the given financial question based on the context.
Context: acquisition added approximately 1700 water customers and nearly 2000 wastewater customers . the tex as assets served approximately 4200 water and 1100 wastewater customers in the greater houston metropolitan as noted above , as a result of these sales , these regulated subsidiaries are presented as discontinued operations for all periods presented . therefore , the amounts , statistics and tables presented in this section refer only to on-going operations , unless otherwise noted . the following table sets forth our regulated businesses operating revenue for 2013 and number of customers from continuing operations as well as an estimate of population served as of december 31 , 2013 : operating revenues ( in millions ) % ( % ) of total number of customers % ( % ) of total estimated population served ( in millions ) % ( % ) of total .
|new jersey|operatingrevenues ( in millions ) $ 638.0|% ( % ) of total 24.6% ( 24.6 % )|number ofcustomers 647168|% ( % ) of total 20.1% ( 20.1 % )|estimatedpopulationserved ( in millions ) 2.5|% ( % ) of total 21.7% ( 21.7 % )|
|pennsylvania|571.2|22.0% ( 22.0 % )|666947|20.7% ( 20.7 % )|2.1|18.3% ( 18.3 % )|
|missouri|264.8|10.2% ( 10.2 % )|464232|14.4% ( 14.4 % )|1.5|13.1% ( 13.1 % )|
|illinois ( a )|261.7|10.1% ( 10.1 % )|311464|9.7% ( 9.7 % )|1.2|10.4% ( 10.4 % )|
|california|209.5|8.1% ( 8.1 % )|173986|5.4% ( 5.4 % )|0.6|5.2% ( 5.2 % )|
|indiana|199.2|7.7% ( 7.7 % )|293345|9.1% ( 9.1 % )|1.2|10.4% ( 10.4 % )|
|west virginia ( b )|124.2|4.8% ( 4.8 % )|173208|5.4% ( 5.4 % )|0.6|5.2% ( 5.2 % )|
|subtotal ( top seven states )|2268.6|87.5% ( 87.5 % )|2730350|84.8% ( 84.8 % )|9.7|84.3% ( 84.3 % )|
|other ( c )|325.3|12.5% ( 12.5 % )|489149|15.2% ( 15.2 % )|1.8|15.7% ( 15.7 % )|
|total regulated businesses|$ 2593.9|100.0% ( 100.0 % )|3219499|100.0% ( 100.0 % )|11.5|100.0% ( 100.0 % )|
( a ) includes illinois-american water company , which we refer to as ilawc and american lake water company , also a regulated subsidiary in illinois . ( b ) west virginia-american water company , which we refer to as wvawc , and its subsidiary bluefield valley water works company . ( c ) includes data from our operating subsidiaries in the following states : georgia , hawaii , iowa , kentucky , maryland , michigan , new york , tennessee , and virginia . approximately 87.5 % ( % ) of operating revenue from our regulated businesses in 2013 was generated from approximately 2.7 million customers in our seven largest states , as measured by operating revenues . in fiscal year 2013 , no single customer accounted for more than 10% ( 10 % ) of our annual operating revenue . overview of networks , facilities and water supply our regulated businesses operate in approximately 1500 communities in 16 states in the united states . our primary operating assets include 87 dams along with approximately 80 surface water treatment plants , 500 groundwater treatment plants , 1000 groundwater wells , 100 wastewater treatment facilities , 1200 treated water storage facilities , 1300 pumping stations , and 47000 miles of mains and collection pipes . our regulated utilities own substantially all of the assets used by our regulated businesses . we generally own the land and physical assets used to store , extract and treat source water . typically , we do not own the water itself , which is held in public trust and is allocated to us through contracts and allocation rights granted by federal and state agencies or through the ownership of water rights pursuant to local law . maintaining the reliability of our networks is a key activity of our regulated businesses . we have ongoing infrastructure renewal programs in all states in which our regulated businesses operate . these programs consist of both rehabilitation of existing mains and replacement of mains that have reached the end of their useful service lives . our ability to meet the existing and future water demands of our customers depends on an adequate supply of water . drought , governmental restrictions , overuse of sources of water , the protection of threatened species or .
Question: what is the average annual revenue per customer in new jersey?
Answer: | 985.83366 |
FINQA3821 | Please answer the given financial question based on the context.
Context: operations may be extended up to four additional years for each unit by mutual agreement of entergy and new york state based on an exigent reliability need for indian point generation . in accordance with the ferc-approved tariff of the new york independent system operator ( nyiso ) , entergy submitted to the nyiso a notice of generator deactivation based on the dates in the settlement ( no later than april 30 , 2020 for indian point unit 2 and april 30 , 2021 for indian point unit 3 ) . in december 2017 , nyiso issued a report stating there will not be a system reliability need following the deactivation of indian point . the nyiso also has advised that it will perform an analysis of the potential competitive impacts of the proposed retirement under provisions of its tariff . the deadline for the nyiso to make a withholding determination is in dispute and is pending before the ferc . in addition to contractually agreeing to cease commercial operations early , in february 2017 entergy filed with the nrc an amendment to its license renewal application changing the term of the requested licenses to coincide with the latest possible extension by mutual agreement based on exigent reliability needs : april 30 , 2024 for indian point 2 and april 30 , 2025 for indian point 3 . if entergy reasonably determines that the nrc will treat the amendment other than as a routine amendment , entergy may withdraw the amendment . other provisions of the settlement include termination of all then-existing investigations of indian point by the agencies signing the agreement , which include the new york state department of environmental conservation , the new york state department of state , the new york state department of public service , the new york state department of health , and the new york state attorney general . the settlement recognizes the right of new york state agencies to pursue new investigations and enforcement actions with respect to new circumstances or existing conditions that become materially exacerbated . another provision of the settlement obligates entergy to establish a $ 15 million fund for environmental projects and community support . apportionment and allocation of funds to beneficiaries are to be determined by mutual agreement of new york state and entergy . the settlement recognizes new york state 2019s right to perform an annual inspection of indian point , with scope and timing to be determined by mutual agreement . in may 2017 a plaintiff filed two parallel state court appeals challenging new york state 2019s actions in signing and implementing the indian point settlement with entergy on the basis that the state failed to perform sufficient environmental analysis of its actions . all signatories to the settlement agreement , including the entergy affiliates that hold nrc licenses for indian point , were named . the appeals were voluntarily dismissed in november 2017 . entergy corporation and subsidiaries management 2019s financial discussion and analysis liquidity and capital resources this section discusses entergy 2019s capital structure , capital spending plans and other uses of capital , sources of capital , and the cash flow activity presented in the cash flow statement . capital structure entergy 2019s capitalization is balanced between equity and debt , as shown in the following table . the increase in the debt to capital ratio for entergy as of december 31 , 2017 is primarily due to an increase in commercial paper outstanding in 2017 as compared to 2016. .
||2017|2016|
|debt to capital|67.1% ( 67.1 % )|64.8% ( 64.8 % )|
|effect of excluding securitization bonds|( 0.8% ( 0.8 % ) )|( 1.0% ( 1.0 % ) )|
|debt to capital excluding securitization bonds ( a )|66.3% ( 66.3 % )|63.8% ( 63.8 % )|
|effect of subtracting cash|( 1.1% ( 1.1 % ) )|( 2.0% ( 2.0 % ) )|
|net debt to net capital excluding securitization bonds ( a )|65.2% ( 65.2 % )|61.8% ( 61.8 % )|
( a ) calculation excludes the arkansas , louisiana , new orleans , and texas securitization bonds , which are non- recourse to entergy arkansas , entergy louisiana , entergy new orleans , and entergy texas , respectively. .
Question: what is the percentage change in the debt-to-capital ratio from 2016 to 2017?
Answer: | 0.03549 |
FINQA3822 | Please answer the given financial question based on the context.
Context: contributions and expected benefit payments the funding of our qualified defined benefit pension plans is determined in accordance with erisa , as amended by the ppa , and in a manner consistent with cas and internal revenue code rules . there were no contributions to our legacy qualified defined benefit pension plans during 2016 . we do not plan to make contributions to our legacy pension plans in 2017 because none are required using current assumptions including investment returns on plan assets . we made $ 23 million in contributions during 2016 to our newly established sikorsky pension plan and expect to make $ 45 million in contributions to this plan during 2017 . the following table presents estimated future benefit payments , which reflect expected future employee service , as of december 31 , 2016 ( in millions ) : .
||2017|2018|2019|2020|2021|2022 2013 2026|
|qualified defined benefit pension plans|$ 2260|$ 2340|$ 2420|$ 2510|$ 2590|$ 13920|
|retiree medical and life insurance plans|180|180|190|190|190|870|
defined contribution plans we maintain a number of defined contribution plans , most with 401 ( k ) features , that cover substantially all of our employees . under the provisions of our 401 ( k ) plans , we match most employees 2019 eligible contributions at rates specified in the plan documents . our contributions were $ 617 million in 2016 , $ 393 million in 2015 and $ 385 million in 2014 , the majority of which were funded in our common stock . our defined contribution plans held approximately 36.9 million and 40.0 million shares of our common stock as of december 31 , 2016 and 2015 . note 12 2013 stockholders 2019 equity at december 31 , 2016 and 2015 , our authorized capital was composed of 1.5 billion shares of common stock and 50 million shares of series preferred stock . of the 290 million shares of common stock issued and outstanding as of december 31 , 2016 , 289 million shares were considered outstanding for consolidated balance sheet presentation purposes ; the remaining shares were held in a separate trust . of the 305 million shares of common stock issued and outstanding as of december 31 , 2015 , 303 million shares were considered outstanding for consolidated balance sheet presentation purposes ; the remaining shares were held in a separate trust . no shares of preferred stock were issued and outstanding at december 31 , 2016 or 2015 . repurchases of common stock during 2016 , we repurchased 8.9 million shares of our common stock for $ 2.1 billion . during 2015 and 2014 , we paid $ 3.1 billion and $ 1.9 billion to repurchase 15.2 million and 11.5 million shares of our common stock . on september 22 , 2016 , our board of directors approved a $ 2.0 billion increase to our share repurchase program . inclusive of this increase , the total remaining authorization for future common share repurchases under our program was $ 3.5 billion as of december 31 , 2016 . as we repurchase our common shares , we reduce common stock for the $ 1 of par value of the shares repurchased , with the excess purchase price over par value recorded as a reduction of additional paid-in capital . due to the volume of repurchases made under our share repurchase program , additional paid-in capital was reduced to zero , with the remainder of the excess purchase price over par value of $ 1.7 billion and $ 2.4 billion recorded as a reduction of retained earnings in 2016 and 2015 . we paid dividends totaling $ 2.0 billion ( $ 6.77 per share ) in 2016 , $ 1.9 billion ( $ 6.15 per share ) in 2015 and $ 1.8 billion ( $ 5.49 per share ) in 2014 . we have increased our quarterly dividend rate in each of the last three years , including a 10% ( 10 % ) increase in the quarterly dividend rate in the fourth quarter of 2016 . we declared quarterly dividends of $ 1.65 per share during each of the first three quarters of 2016 and $ 1.82 per share during the fourth quarter of 2016 ; $ 1.50 per share during each of the first three quarters of 2015 and $ 1.65 per share during the fourth quarter of 2015 ; and $ 1.33 per share during each of the first three quarters of 2014 and $ 1.50 per share during the fourth quarter of 2014. .
Question: what is the change in millions of qualified defined benefit pension plans from 2017 to 2018 in estimated future benefit payments , which reflect expected future employee service , as of december 31 , 2016?
Answer: | 80.0 |
FINQA3823 | Please answer the given financial question based on the context.
Context: j a c k h e n r y . c o m 1 5 market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the company 2019s common stock is quoted on the nasdaq global select market ( 201cnasdaq 201d ) under the symbol 201cjkhy 201d . the company established a practice of paying quarterly dividends at the end of fiscal 1990 and has paid dividends with respect to every quarter since that time . the declaration and payment of any future dividends will continue to be at the discretion of our board of directors and will depend upon , among other factors , our earnings , capital requirements , contractual restrictions , and operating and financial condition . the company does not currently foresee any changes in its dividend practices . on august 15 , 2019 , there were approximately 145300 holders of the company 2019s common stock , including individual participants in security position listings . on that same date the last sale price of the common shares as reported on nasdaq was $ 141.94 per share . issuer purchases of equity securities the following shares of the company were repurchased during the quarter ended june 30 , 2019 : total number of shares purchased ( 1 ) average price of total number of shares purchased as part of publicly announced plans ( 1 ) maximum number of shares that may yet be purchased under the plans ( 2 ) .
||total number of shares purchased ( 1 )|average price of share|total number of shares purchased as part of publicly announced plans ( 1 )|maximum number of shares that may yet be purchased under the plans ( 2 )|
|april 1- april 30 2019|2014|$ 2014|2014|3732713|
|may 1- may 31 2019|250000|$ 134.35|250000|3482713|
|june 1- june 30 2019|2014|$ 2014|2014|3482713|
|total|250000|$ 134.35|250000|3482713|
( 1 ) 250000 shares were purchased through a publicly announced repurchase plan . there were no shares surrendered to the company to satisfy tax withholding obligations in connection with employee restricted stock awards . ( 2 ) total stock repurchase authorizations approved by the company 2019s board of directors as of february 17 , 2015 were for 30.0 million shares . these authorizations have no specific dollar or share price targets and no expiration dates. .
Question: what was the percentage of the shares purchase of the maximum number of shares that may yet be purchased under the plans
Answer: | 0.07178 |
FINQA3824 | Please answer the given financial question based on the context.
Context: issuer purchases of equity securities the following table provides information about our repurchases of common stock during the three-month period ended december 31 , 2007 . period total number of shares purchased average price paid per total number of shares purchased as part of publicly announced program ( a ) maximum number of shares that may yet be purchased under the program ( b ) .
|period|total number ofshares purchased|average pricepaid pershare|total number of sharespurchased as part ofpubliclyannouncedprogram ( a )|maximum number ofshares that may yet bepurchased under theprogram ( b )|
|october|127100|$ 108.58|127100|35573131|
|november|1504300|109.07|1504300|34068831|
|december|1325900|108.78|1325900|32742931|
( a ) we repurchased a total of 2957300 shares of our common stock during the quarter ended december 31 , 2007 under a share repurchase program that we announced in october 2002 . ( b ) our board of directors has approved a share repurchase program for the repurchase of up to 128 million shares of our common stock from time-to-time , including 20 million shares approved for repurchase by our board of directors in september 2007 . under the program , management has discretion to determine the number and price of the shares to be repurchased , and the timing of any repurchases , in compliance with applicable law and regulation . as of december 31 , 2007 , we had repurchased a total of 95.3 million shares under the program . in 2007 , we did not make any unregistered sales of equity securities. .
Question: as of december 2007 what was the percent of the shares outstanding of the authorized repurchase by the board of directors in september 2007
Answer: | 32.7 |
FINQA3825 | Please answer the given financial question based on the context.
Context: f-772016 annual report the hartford financial services group , inc . notes to consolidated financial statements ( continued ) 13 . debt ( continued ) the 7.875% ( 7.875 % ) and 8.125% ( 8.125 % ) debentures may be redeemed in whole prior to the call date upon certain tax or rating agency events , at a price equal to the greater of 100% ( 100 % ) of the principal amount being redeemed and the applicable make-whole amount plus any accrued and unpaid interest . the company may elect to redeem the 8.125% ( 8.125 % ) debentures in whole or part at its option prior to the call date at a price equal to the greater of 100% ( 100 % ) of the principal amount being redeemed and the applicable make-whole amount plus any accrued and unpaid interest . the company may elect to redeem the 7.875% ( 7.875 % ) and 8.125% ( 8.125 % ) debentures in whole or in part on or after the call date for the principal amount being redeemed plus accrued and unpaid interest to the date of redemption . in connection with the offering of the 8.125% ( 8.125 % ) debentures , the company entered into a replacement capital covenant ( 201crcc 201d ) for the benefit of holders of one or more designated series of the company 2019s indebtedness , initially the company 2019s 6.1% ( 6.1 % ) notes due 2041 . under the terms of the rcc , if the company redeems the 8.125% ( 8.125 % ) debentures at any time prior to june 15 , 2048 it can only do so with the proceeds from the sale of certain qualifying replacement securities . on february 7 , 2017 , the company executed an amendment to the rcc to lengthen the amount of time the company has to issue qualifying replacement securities prior to the redemption of the 8.125% ( 8.125 % ) debentures and to amend the definition of certain qualifying replacement securities . long-term debt long-term debt maturities ( at par value ) as of december 31 , 2016 .
|2017 - current maturities|$ 416|
|2018|$ 320|
|2019|$ 413|
|2020|$ 500|
|2021|$ 2014|
|thereafter|$ 3525|
shelf registrations on july 29 , 2016 , the company filed with the securities and exchange commission ( the 201csec 201d ) an automatic shelf registration statement ( registration no . 333-212778 ) for the potential offering and sale of debt and equity securities . the registration statement allows for the following types of securities to be offered : debt securities , junior subordinated debt securities , preferred stock , common stock , depositary shares , warrants , stock purchase contracts , and stock purchase units . in that the hartford is a well- known seasoned issuer , as defined in rule 405 under the securities act of 1933 , the registration statement went effective immediately upon filing and the hartford may offer and sell an unlimited amount of securities under the registration statement during the three-year life of the registration statement . contingent capital facility the hartford is party to a put option agreement that provides the hartford with the right to require the glen meadow abc trust , a delaware statutory trust , at any time and from time to time , to purchase the hartford 2019s junior subordinated notes in a maximum aggregate principal amount not to exceed $ 500 . on february 8 , 2017 , the hartford exercised the put option resulting in the issuance of $ 500 in junior subordinated notes with proceeds received on february 15 , 2017 . under the put option agreement , the hartford had been paying the glen meadow abc trust premiums on a periodic basis , calculated with respect to the aggregate principal amount of notes that the hartford had the right to put to the glen meadow abc trust for such period . the hartford has agreed to reimburse the glen meadow abc trust for certain fees and ordinary expenses . the company holds a variable interest in the glen meadow abc trust where the company is not the primary beneficiary . as a result , the company does not consolidate the glen meadow abc trust . the junior subordinated notes have a scheduled maturity of february 12 , 2047 , and a final maturity of february 12 , 2067 . the company is required to use reasonable efforts to sell certain qualifying replacement securities in order to repay the debentures at the scheduled maturity date . the junior subordinated notes bear interest at an annual rate of three-month libor plus 2.125% ( 2.125 % ) , payable quarterly , and are unsecured , subordinated indebtedness of the hartford . the hartford will have the right , on one or more occasions , to defer interest payments due on the junior subordinated notes under specified circumstances . upon receipt of the proceeds , the company entered into a replacement capital covenant ( the 201crcc 201d ) for the benefit of holders of one or more designated series of the company 2019s indebtedness , initially the company 2019s 4.3% ( 4.3 % ) notes due 2043 . under the terms of the rcc , if the company redeems the debentures at any time prior to february 12 , 2047 ( or such earlier date on which the rcc terminates by its terms ) it can only do so with the proceeds from the sale of certain qualifying replacement securities . the rcc also prohibits the company from redeeming all or any portion of the notes on or prior to february 15 , 2022 . revolving credit facilities the company has a senior unsecured five-year revolving credit facility ( the 201ccredit facility 201d ) that provides for borrowing capacity up to $ 1 billion of unsecured credit through october 31 , 2019 available in u.s . dollars , euro , sterling , canadian dollars and japanese yen . as of december 31 , 2016 , no borrowings were outstanding under the credit facility . as of december 31 , 2016 , the company was in compliance with all financial covenants within the credit facility . commercial paper the hartford 2019s maximum borrowings available under its commercial paper program are $ 1 billion . the company is dependent upon market conditions to access short-term financing through the issuance of commercial paper to investors . as of december 31 , 2016 , there was no commercial paper outstanding. .
Question: what is the total long-term debt reported in the balance sheet as of december 31 , 2016?
Answer: | 5174.0 |
FINQA3826 | Please answer the given financial question based on the context.
Context: mfc 2019s operating profit for 2013 increased $ 175 million , or 14% ( 14 % ) , compared to 2012 . the increase was primarily attributable to higher operating profit of approximately $ 85 million for air and missile defense programs ( thaad and pac-3 ) due to increased risk retirements and volume ; about $ 85 million for fire control programs ( sniper ae , lantirn ae and apache ) due to increased risk retirements and higher volume ; and approximately $ 75 million for tactical missile programs ( hellfire and various programs ) due to increased risk retirements . the increases were partially offset by lower operating profit of about $ 45 million for the resolution of contractual matters in the second quarter of 2012 ; and approximately $ 15 million for various technical services programs due to lower volume partially offset by increased risk retirements . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 100 million higher for 2013 compared to 2012 . 2012 compared to 2011 mfc 2019s net sales for 2012 were comparable to 2011 . net sales decreased approximately $ 130 million due to lower volume and risk retirements on various services programs , and about $ 60 million due to lower volume from fire control systems programs ( primarily sniper ae ; lantirn ae ; and apache ) . the decreases largely were offset by higher net sales of approximately $ 95 million due to higher volume from tactical missile programs ( primarily javelin and hellfire ) and approximately $ 80 million for air and missile defense programs ( primarily pac-3 and thaad ) . mfc 2019s operating profit for 2012 increased $ 187 million , or 17% ( 17 % ) , compared to 2011 . the increase was attributable to higher risk retirements and volume of about $ 95 million from tactical missile programs ( primarily javelin and hellfire ) ; increased risk retirements and volume of approximately $ 60 million for air and missile defense programs ( primarily thaad and pac-3 ) ; and about $ 45 million from a resolution of contractual matters . partially offsetting these increases was lower risk retirements and volume on various programs , including $ 25 million for services programs . adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 145 million higher for 2012 compared to 2011 . backlog backlog increased in 2013 compared to 2012 mainly due to higher orders on the thaad program and lower sales volume compared to new orders on certain fire control systems programs in 2013 , partially offset by lower orders on technical services programs and certain tactical missile programs . backlog increased in 2012 compared to 2011 mainly due to increased orders and lower sales on fire control systems programs ( primarily lantirn ae and sniper ae ) and on various services programs , partially offset by lower orders and higher sales volume on tactical missiles programs . trends we expect mfc 2019s net sales to be flat to slightly down in 2014 compared to 2013 , primarily due to a decrease in net sales on technical services programs partially offset by an increase in net sales from missiles and fire control programs . operating profit is expected to decrease in the high single digit percentage range , driven by a reduction in expected risk retirements in 2014 . accordingly , operating profit margin is expected to slightly decline from 2013 . mission systems and training our mst business segment provides 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 ; littoral combat ships ; simulation and training services ; and unmanned systems and technologies . mst 2019s major programs include aegis combat system ( aegis ) , lcs , mh-60 , tpq-53 radar system , and mk-41 vertical launching system ( vls ) . mst 2019s operating results included the following ( in millions ) : .
||2013|2012|2011|
|net sales|$ 7153|$ 7579|$ 7132|
|operating profit|905|737|645|
|operating margins|12.7% ( 12.7 % )|9.7% ( 9.7 % )|9.0% ( 9.0 % )|
|backlog at year-end|10800|10700|10500|
2013 compared to 2012 mst 2019s net sales for 2013 decreased $ 426 million , or 6% ( 6 % ) , compared to 2012 . the decrease was primarily attributable to lower net sales of approximately $ 275 million for various ship and aviation systems programs due to lower volume .
Question: what was the average operating profit from 2011 to 2013 in millions
Answer: | 762.33333 |
FINQA3827 | Please answer the given financial question based on the context.
Context: stock performance graph the following graph provides a comparison of five year cumulative total stockholder returns of teleflex common stock , the standard a0& poor 2019s ( s&p ) 500 stock index and the s&p 500 healthcare equipment & supply index . the annual changes for the five-year period shown on the graph are based on the assumption that $ 100 had been invested in teleflex common stock and each index on december a031 , 2012 and that all dividends were reinvested . market performance .
|company / index|2012|2013|2014|2015|2016|2017|
|teleflex incorporated|100|134|166|192|237|368|
|s&p 500 index|100|132|151|153|171|208|
|s&p 500 healthcare equipment & supply index|100|128|161|171|181|238|
s&p 500 healthcare equipment & supply index 100 128 161 171 181 238 .
Question: what is roi of an investment in s&p 500 index in 2012 and sold in 2017?
Answer: | 1.08 |
FINQA3828 | Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis supplemental financial information and disclosures income tax matters effective tax rate from continuing operations .
||2017|2016|2015|
|u.s . gaap|40.1% ( 40.1 % )|30.8% ( 30.8 % )|25.9% ( 25.9 % )|
|adjusted effective income taxrate 2014non-gaap1|30.8% ( 30.8 % )|31.6% ( 31.6 % )|32.3% ( 32.3 % )|
adjusted effective income tax rate 2014 non-gaap1 30.8% ( 30.8 % ) 31.6% ( 31.6 % ) 32.3% ( 32.3 % ) 1 . beginning in 2017 , income tax consequences associated with employee share-based awards are recognized in provision for income taxes in the income statements but are excluded from the intermittent net discrete tax provisions ( benefits ) adjustment as we anticipate conversion activity each year . see note 2 to the financial statements on the adoption of the accounting update improvements to employee share-based payment accounting . for 2015 , adjusted effective income tax rate also excludes dva . for further information on non-gaap measures , see 201cselected non-gaap financial information 201d herein . the effective tax rate from continuing operations for 2017 included an intermittent net discrete tax provision of $ 968 million , primarily related to the impact of the tax act , partially offset by net discrete tax benefits primarily associ- ated with the remeasurement of reserves and related interest due to new information regarding the status of multi-year irs tax examinations . the tax act , enacted on december 22 , 2017 , significantly revised u.s . corporate income tax law by , among other things , reducing the corporate income tax rate to 21% ( 21 % ) , and implementing a modified territorial tax system that includes a one-time transition tax on deemed repatriated earnings of non-u.s . subsidiaries ; imposes a minimum tax on global intangible low-taxed income ( 201cgilti 201d ) and an alternative base erosion and anti-abuse tax ( 201cbeat 201d ) on u.s . corpora- tions that make deductible payments to non-u.s . related persons in excess of specified amounts ; and broadens the tax base by partially or wholly eliminating tax deductions for certain historically deductible expenses ( e.g. , fdic premiums and executive compensation ) . we recorded an approximate $ 1.2 billion net discrete tax provision as a result of the enactment of the tax act , primarily from the remeasurement of certain deferred tax assets using the lower enacted corporate tax rate . this provi- sion incorporates the best available information as of the enactment date as well as assumptions made based upon our current interpretation of the tax act . our estimates may change as we receive additional clarification and implementa- tion guidance from the u.s . treasury department and as the interpretation of the tax act evolves over time . the ultimate impact of the income tax effects of the tax act will be deter- mined in connection with the preparation of our u.s . consoli- dated federal income tax return . taking into account our current assumptions , estimates and interpretations related to the tax act and other factors , we expect our effective tax rate from continuing operations for 2018 to be approximately 22% ( 22 % ) to 25% ( 25 % ) , depending on factors such as the geographic mix of earnings and employee share- based awards ( see 201cforward-looking statements 201d ) . subsequent to the release of the firm 2019s 2017 earnings on january 18 , 2018 , certain estimates related to the net discrete tax provision associated with the enactment of the tax act were revised , resulting in a $ 43 million increase in the provi- sion for income taxes and a reallocation of impacts among segments . this decreased diluted eps and diluted eps from continuing operations by $ 0.03 and $ 0.02 in the fourth quarter and year ended december 31 , 2017 , respectively . on a business segment basis , the change resulted in an $ 89 million increase in provision for income taxes for wealth management , a $ 45 million decrease for institutional securi- ties , and a $ 1 million decrease for investment management . the effective tax rate from continuing operations for 2016 included intermittent net discrete tax benefits of $ 68 million , primarily related to the remeasurement of reserves and related interest due to new information regarding the status of multi- year irs tax examinations , partially offset by adjustments for other tax matters . the effective tax rate from continuing operations for 2015 included intermittent net discrete tax benefits of $ 564 million , primarily associated with the repatriation of non-u.s . earn- ings at a cost lower than originally estimated due to an internal restructuring to simplify the legal entity organization in the u.k . u.s . bank subsidiaries we provide loans to a variety of customers , from large corpo- rate and institutional clients to high net worth individuals , primarily through our u.s . bank subsidiaries , morgan stanley bank n.a . ( 201cmsbna 201d ) and morgan stanley private bank , national association ( 201cmspbna 201d ) ( collectively , 201cu.s . bank subsidiaries 201d ) . the lending activities in the institutional securities business segment primarily include loans and lending commitments to corporate clients . the lending activ- ities in the wealth management business segment primarily include securities-based lending that allows clients to borrow december 2017 form 10-k 52 .
Question: what is the difference between u.s . gaap and adjusted effective income tax rate 2014non-gaap in 2015?
Answer: | -6.4 |
FINQA3829 | Please answer the given financial question based on the context.
Context: our consolidated net cash flows used for investing activities were $ 4.2 billion in 2010 , compared with $ 3.2 billion in 2009 . net investing activities for the indicated periods were related primarily to net purchases of fixed maturities and for 2010 included the acquisitions of rain and hail and jerneh insurance berhad . our consolidated net cash flows from financing activities were $ 732 million in 2010 , compared with net cash flows used for financing activities of $ 321 million in 2009 . net cash flows from/used for financing activities in 2010 and 2009 , included dividends paid on our common shares of $ 435 million and $ 388 million , respectively . net cash flows from financing activ- ities in 2010 , included net proceeds of $ 699 million from the issuance of long-term debt , $ 1 billion in reverse repurchase agreements , and $ 300 million in credit facility borrowings . this was partially offset by repayment of $ 659 million in debt and share repurchases settled in 2010 of $ 235 million . for 2009 , net cash flows used for financing activities included net pro- ceeds from the issuance of $ 500 million in long-term debt and the net repayment of debt and reverse repurchase agreements of $ 466 million . both internal and external forces influence our financial condition , results of operations , and cash flows . claim settle- ments , premium levels , and investment returns may be impacted by changing rates of inflation and other economic conditions . in many cases , significant periods of time , ranging up to several years or more , may lapse between the occurrence of an insured loss , the reporting of the loss to us , and the settlement of the liability for that loss . from time to time , we utilize reverse repurchase agreements as a low-cost alternative for short-term funding needs . we use these instruments on a limited basis to address short-term cash timing differences without disrupting our investment portfolio holdings and settle the transactions with future operating cash flows . at december 31 , 2010 , there were $ 1 billion in reverse repurchase agreements outstanding ( refer to short-term debt ) . in addition to cash from operations , routine sales of investments , and financing arrangements , we have agreements with a bank provider which implemented two international multi-currency notional cash pooling programs to enhance cash management efficiency during periods of short-term timing mismatches between expected inflows and outflows of cash by currency . in each program , participating ace entities establish deposit accounts in different currencies with the bank provider and each day the credit or debit balances in every account are notionally translated into a single currency ( u.s . dollars ) and then notionally pooled . the bank extends overdraft credit to any participating ace entity as needed , provided that the overall notionally-pooled balance of all accounts in each pool at the end of each day is at least zero . actual cash balances are not physically converted and are not co-mingled between legal entities . ace entities may incur overdraft balances as a means to address short-term timing mismatches , and any overdraft balances incurred under this program by an ace entity would be guaranteed by ace limited ( up to $ 150 million in the aggregate ) . our revolving credit facility allows for same day drawings to fund a net pool overdraft should participating ace entities withdraw contributed funds from the pool . capital resources capital resources consist of funds deployed or available to be deployed to support our business operations . the following table summarizes the components of our capital resources at december 31 , 2010 , and 2009. .
|( in millions of u.s . dollars except for percentages )|2010|2009|
|short-term debt|$ 1300|$ 161|
|long-term debt|3358|3158|
|total debt|4658|3319|
|trust preferred securities|309|309|
|total shareholders 2019 equity|22974|19667|
|total capitalization|$ 27941|$ 23295|
|ratio of debt to total capitalization|16.7% ( 16.7 % )|14.2% ( 14.2 % )|
|ratio of debt plus trust preferred securities to total capitalization|17.8% ( 17.8 % )|15.6% ( 15.6 % )|
our ratios of debt to total capitalization and debt plus trust preferred securities to total capitalization have increased temporarily due to the increase in short-term debt , as discussed below . we expect that these ratios will decline over the next six to nine months as we repay the short-term debt . we believe our financial strength provides us with the flexibility and capacity to obtain available funds externally through debt or equity financing on both a short-term and long-term basis . our ability to access the capital markets is dependent on , among other things , market conditions and our perceived financial strength . we have accessed both the debt and equity markets from time to time. .
Question: what are the total assets reported in 2010?
Answer: | 27632.0 |
FINQA3830 | Please answer the given financial question based on the context.
Context: notes to consolidated financial statements ( continued ) management performs detailed reviews of its receivables on a monthly and/or quarterly basis to assess the adequacy of the allowances based on historical and current trends and other factors affecting credit losses and to determine if any impairment has occurred . a receivable is impaired when it is probable that all amounts related to the receivable will not be collected according to the contractual terms of the agreement . in circumstances where the company is aware of a specific customer 2019s inability to meet its financial obligations , a specific reserve is recorded against amounts due to reduce the net recognized receivable to the amount reasonably expected to be collected . additions to the allowances for doubtful accounts are maintained through adjustments to the provision for credit losses , which are charged to current period earnings ; amounts determined to be uncollectable are charged directly against the allowances , while amounts recovered on previously charged-off accounts increase the allowances . net charge-offs include the principal amount of losses charged off as well as charged-off interest and fees . recovered interest and fees previously charged-off are recorded through the allowances for doubtful accounts and increase the allowances . finance receivables are assessed for charge- off when an account becomes 120 days past due and are charged-off typically within 60 days of asset repossession . contract receivables related to equipment leases are generally charged-off when an account becomes 150 days past due , while contract receivables related to franchise finance and van leases are generally charged off up to 180 days past the asset return . for finance and contract receivables , customer bankruptcies are generally charged-off upon notification that the associated debt is not being reaffirmed or , in any event , no later than 180 days past due . snap-on does not believe that its trade accounts , finance or contract receivables represent significant concentrations of credit risk because of the diversified portfolio of individual customers and geographical areas . see note 3 for further information on receivables and allowances for doubtful accounts . other accrued liabilities : supplemental balance sheet information for 201cother accrued liabilities 201d as of 2012 and 2011 year end is as follows : ( amounts in millions ) 2012 2011 .
|( amounts in millions )|2012|2011|
|income taxes|$ 19.6|$ 11.7|
|accrued restructuring|7.2|8.4|
|accrued warranty|18.9|18.6|
|deferred subscription revenue|24.8|24.9|
|accrued property payroll and other tax|32.9|30.4|
|accrued selling and promotion expense|26.6|29.1|
|other|117.9|132.8|
|total other accrued liabilities|$ 247.9|$ 255.9|
inventories : snap-on values its inventory at the lower of cost or market and adjusts for the value of inventory that is estimated to be excess , obsolete or otherwise unmarketable . snap-on records allowances for excess and obsolete inventory based on historical and estimated future demand and market conditions . allowances for raw materials are largely based on an analysis of raw material age and actual physical inspection of raw material for fitness for use . as part of evaluating the adequacy of allowances for work-in-progress and finished goods , management reviews individual product stock-keeping units ( skus ) by product category and product life cycle . cost adjustments for each product category/product life-cycle state are generally established and maintained based on a combination of historical experience , forecasted sales and promotions , technological obsolescence , inventory age and other actual known conditions and circumstances . should actual product marketability and raw material fitness for use be affected by conditions that are different from management estimates , further adjustments to inventory allowances may be required . snap-on adopted the 201clast-in , first-out 201d ( 201clifo 201d ) inventory valuation method in 1973 for its u.s . locations . snap-on 2019s u.s . inventories accounted for on a lifo basis consist of purchased product and inventory manufactured at the company 2019s heritage u.s . manufacturing facilities ( primarily hand tools and tool storage ) . as snap-on began acquiring businesses in the 1990 2019s , the company retained the 201cfirst-in , first-out 201d ( 201cfifo 201d ) inventory valuation methodology used by the predecessor businesses prior to their acquisition by snap-on ; the company does not adopt the lifo inventory valuation methodology for new acquisitions . see note 4 for further information on inventories . 72 snap-on incorporated .
Question: what is the percentage change in the total other accrued liabilities from 2011 to 2012?
Answer: | -0.03126 |
FINQA3831 | Please answer the given financial question based on the context.
Context: in june 2011 , the fasb issued asu no . 2011-05 201ccomprehensive income 2013 presentation of comprehensive income . 201d asu 2011-05 requires comprehensive income , the components of net income , and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements . in both choices , an entity is required to present each component of net income along with total net income , each component of other comprehensive income along with a total for other comprehensive income , and a total amount for comprehensive income . this update eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders' equity . the amendments in this update do not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income . the amendments in this update should be applied retrospectively and is effective for interim and annual reporting periods beginning after december 15 , 2011 . the company adopted this guidance in the first quarter of 2012 . the adoption of asu 2011-05 is for presentation purposes only and had no material impact on the company 2019s consolidated financial statements . 3 . inventories , net : merchandise inventory the company used the lifo method of accounting for approximately 95% ( 95 % ) of inventories at both december 29 , 2012 and december 31 , 2011 . under lifo , the company 2019s cost of sales reflects the costs of the most recently purchased inventories , while the inventory carrying balance represents the costs for inventories purchased in fiscal 2012 and prior years . the company recorded a reduction to cost of sales of $ 24087 and $ 29554 in fiscal 2012 and fiscal 2010 , respectively . as a result of utilizing lifo , the company recorded an increase to cost of sales of $ 24708 for fiscal 2011 , due to an increase in supply chain costs and inflationary pressures affecting certain product categories . the company 2019s overall costs to acquire inventory for the same or similar products have generally decreased historically as the company has been able to leverage its continued growth , execution of merchandise strategies and realization of supply chain efficiencies . product cores the remaining inventories are comprised of product cores , the non-consumable portion of certain parts and batteries , which are valued under the first-in , first-out ( "fifo" ) method . product cores are included as part of the company's merchandise costs and are either passed on to the customer or returned to the vendor . because product cores are not subject to frequent cost changes like the company's other merchandise inventory , there is no material difference when applying either the lifo or fifo valuation method . inventory overhead costs purchasing and warehousing costs included in inventory at december 29 , 2012 and december 31 , 2011 , were $ 134258 and $ 126840 , respectively . inventory balance and inventory reserves inventory balances at the end of fiscal 2012 and 2011 were as follows : december 29 , december 31 .
||december 292012|december 312011|
|inventories at fifo net|$ 2182419|$ 1941055|
|adjustments to state inventories at lifo|126190|102103|
|inventories at lifo net|$ 2308609|$ 2043158|
inventory quantities are tracked through a perpetual inventory system . the company completes physical inventories and other targeted inventory counts in its store locations to ensure the accuracy of the perpetual inventory quantities of both merchandise and core inventory in these locations . in its distribution centers and pdq aes , the company uses a cycle counting program to ensure the accuracy of the perpetual inventory quantities of both merchandise and product core inventory . reserves advance auto parts , inc . and subsidiaries notes to the consolidated financial statements december 29 , 2012 , december 31 , 2011 and january 1 , 2011 ( in thousands , except per share data ) .
Question: what is the percentage change in inventories at lifo net during 2012?
Answer: | 0.12992 |
FINQA3832 | Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis 138 jpmorgan chase & co./2013 annual report the credit derivatives used in credit portfolio management activities do not qualify for hedge accounting under u.s . gaap ; these derivatives are reported at fair value , with gains and losses recognized in principal transactions revenue . in contrast , the loans and lending-related commitments being risk-managed are accounted for on an accrual basis . this asymmetry in accounting treatment , between loans and lending-related commitments and the credit derivatives used in credit portfolio management activities , causes earnings volatility that is not representative , in the firm 2019s view , of the true changes in value of the firm 2019s overall credit exposure . the effectiveness of the firm 2019s credit default swap ( 201ccds 201d ) protection as a hedge of the firm 2019s exposures may vary depending on a number of factors , including the named reference entity ( i.e. , the firm may experience losses on specific exposures that are different than the named reference entities in the purchased cds ) , and the contractual terms of the cds ( which may have a defined credit event that does not align with an actual loss realized by the firm ) and the maturity of the firm 2019s cds protection ( which in some cases may be shorter than the firm 2019s exposures ) . however , the firm generally seeks to purchase credit protection with a maturity date that is the same or similar to the maturity date of the exposure for which the protection was purchased , and remaining differences in maturity are actively monitored and managed by the firm . credit portfolio hedges the following table sets out the fair value related to the firm 2019s credit derivatives used in credit portfolio management activities , the fair value related to the cva ( which reflects the credit quality of derivatives counterparty exposure ) , as well as certain other hedges used in the risk management of cva . these results can vary from period-to- period due to market conditions that affect specific positions in the portfolio . net gains and losses on credit portfolio hedges year ended december 31 , ( in millions ) 2013 2012 2011 hedges of loans and lending- related commitments $ ( 142 ) $ ( 163 ) $ ( 32 ) .
|year ended december 31 ( in millions )|2013|2012|2011|
|hedges of loans and lending-related commitments|$ -142 ( 142 )|$ -163 ( 163 )|$ -32 ( 32 )|
|cva and hedges of cva|-130 ( 130 )|127|-769 ( 769 )|
|net gains/ ( losses )|$ -272 ( 272 )|$ -36 ( 36 )|$ -801 ( 801 )|
community reinvestment act exposure the community reinvestment act ( 201ccra 201d ) encourages banks to meet the credit needs of borrowers in all segments of their communities , including neighborhoods with low or moderate incomes . the firm is a national leader in community development by providing loans , investments and community development services in communities across the united states . at december 31 , 2013 and 2012 , the firm 2019s cra loan portfolio was approximately $ 18 billion and $ 16 billion , respectively . at december 31 , 2013 and 2012 , 50% ( 50 % ) and 62% ( 62 % ) , respectively , of the cra portfolio were residential mortgage loans ; 26% ( 26 % ) and 13% ( 13 % ) , respectively , were commercial real estate loans ; 16% ( 16 % ) and 18% ( 18 % ) , respectively , were business banking loans ; and 8% ( 8 % ) and 7% ( 7 % ) , respectively , were other loans . cra nonaccrual loans were 3% ( 3 % ) and 4% ( 4 % ) , respectively , of the firm 2019s total nonaccrual loans . for the years ended december 31 , 2013 and 2012 , net charge-offs in the cra portfolio were 1% ( 1 % ) and 3% ( 3 % ) , respectively , of the firm 2019s net charge-offs in both years. .
Question: at december 31 , 2013 what is the dollar amount of the cra loan portfolio that was not performing and charged off , in billions?
Answer: | 0.54 |
FINQA3833 | Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis sensitivity measures certain portfolios and individual positions are not included in var because var is not the most appropriate risk measure . other sensitivity measures we use to analyze market risk are described below . 10% ( 10 % ) sensitivity measures . the table below presents market risk for inventory positions that are not included in var . the market risk of these positions is determined by estimating the potential reduction in net revenues of a 10% ( 10 % ) decline in the underlying asset value . equity positions below relate to private and restricted public equity securities , including interests in funds that invest in corporate equities and real estate and interests in hedge funds , which are included in 201cfinancial instruments owned , at fair value . 201d debt positions include interests in funds that invest in corporate mezzanine and senior debt instruments , loans backed by commercial and residential real estate , corporate bank loans and other corporate debt , including acquired portfolios of distressed loans . these debt positions are included in 201cfinancial instruments owned , at fair value . 201d see note 6 to the consolidated financial statements for further information about cash instruments . these measures do not reflect diversification benefits across asset categories or across other market risk measures . asset categories 10% ( 10 % ) sensitivity amount as of december in millions 2013 2012 equity 1 $ 2256 $ 2471 .
|asset categories|asset categories||
|in millions|2013|2012|
|equity1|$ 2256|$ 2471|
|debt|1522|1676|
|total|$ 3778|$ 4147|
1 . december 2012 includes $ 208 million related to our investment in the ordinary shares of icbc , which was sold in the first half of 2013 . credit spread sensitivity on derivatives and borrowings . var excludes the impact of changes in counterparty and our own credit spreads on derivatives as well as changes in our own credit spreads on unsecured borrowings for which the fair value option was elected . the estimated sensitivity to a one basis point increase in credit spreads ( counterparty and our own ) on derivatives was a gain of $ 4 million and $ 3 million ( including hedges ) as of december 2013 and december 2012 , respectively . in addition , the estimated sensitivity to a one basis point increase in our own credit spreads on unsecured borrowings for which the fair value option was elected was a gain of $ 8 million and $ 7 million ( including hedges ) as of december 2013 and december 2012 , respectively . however , the actual net impact of a change in our own credit spreads is also affected by the liquidity , duration and convexity ( as the sensitivity is not linear to changes in yields ) of those unsecured borrowings for which the fair value option was elected , as well as the relative performance of any hedges undertaken . interest rate sensitivity . as of december 2013 and december 2012 , the firm had $ 14.90 billion and $ 6.50 billion , respectively , of loans held for investment which were accounted for at amortized cost and included in 201creceivables from customers and counterparties , 201d substantially all of which had floating interest rates . as of december 2013 and december 2012 , the estimated sensitivity to a 100 basis point increase in interest rates on such loans was $ 136 million and $ 62 million , respectively , of additional interest income over a 12-month period , which does not take into account the potential impact of an increase in costs to fund such loans . see note 8 to the consolidated financial statements for further information about loans held for investment . goldman sachs 2013 annual report 95 .
Question: what was the average estimated sensitivity to a one basis point increase in credit spreads ( counterparty and our own ) on derivatives in millions for the years of december 2013 and december 2012?
Answer: | 3.5 |
FINQA3834 | Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) corporate and other expenses decreased slightly during 2012 by $ 4.7 to $ 137.3 compared to 2011 , primarily due to lower office and general expenses , partially offset by an increase in temporary help to support our information-technology system-upgrade initiatives . liquidity and capital resources cash flow overview the following tables summarize key financial data relating to our liquidity , capital resources and uses of capital. .
|cash flow data|years ended december 31 , 2013|years ended december 31 , 2012|years ended december 31 , 2011|
|net income adjusted to reconcile net income to net cashprovided by operating activities1|$ 598.4|$ 697.2|$ 735.7|
|net cash used in working capital b2|-9.6 ( 9.6 )|-293.2 ( 293.2 )|-359.4 ( 359.4 )|
|changes in other non-current assets and liabilities using cash|4.1|-46.8 ( 46.8 )|-102.8 ( 102.8 )|
|net cash provided by operating activities|$ 592.9|$ 357.2|$ 273.5|
|net cash used in investing activities|-224.5 ( 224.5 )|-210.2 ( 210.2 )|-58.8 ( 58.8 )|
|net cash ( used in ) provided by financing activities|-1212.3 ( 1212.3 )|131.3|-541.0 ( 541.0 )|
1 reflects net income adjusted primarily for depreciation and amortization of fixed assets and intangible assets , amortization of restricted stock and other non-cash compensation , non-cash loss related to early extinguishment of debt , and deferred income taxes . 2 reflects changes in accounts receivable , expenditures billable to clients , other current assets , accounts payable and accrued liabilities . operating activities net cash provided by operating activities during 2013 was $ 592.9 , which was an increase of $ 235.7 as compared to 2012 , primarily as a result of an improvement in working capital usage of $ 283.6 , offset by a decrease in net income . due to the seasonality of our business , we typically generate cash from working capital in the second half of a year and use cash from working capital in the first half of a year , with the largest impacts in the first and fourth quarters . the improvement in working capital in 2013 was impacted by our media businesses and an ongoing focus on working capital management at our agencies . net cash provided by operating activities during 2012 was $ 357.2 , which was an increase of $ 83.7 as compared to 2011 , primarily as a result of a decrease in working capital usage of $ 66.2 . the net working capital usage in 2012 was primarily impacted by our media businesses . the timing of media buying on behalf of our clients affects our working capital and operating cash flow . in most of our businesses , our agencies enter into commitments to pay production and media costs on behalf of clients . to the extent possible we pay production and media charges after we have received funds from our clients . the amounts involved substantially exceed our revenues , and primarily affect the level of accounts receivable , expenditures billable to clients , accounts payable and accrued liabilities . our assets include both cash received and accounts receivable from clients for these pass-through arrangements , while our liabilities include amounts owed on behalf of clients to media and production suppliers . our accrued liabilities are also affected by the timing of certain other payments . for example , while annual cash incentive awards are accrued throughout the year , they are generally paid during the first quarter of the subsequent year . investing activities net cash used in investing activities during 2013 primarily relates to payments for capital expenditures and acquisitions . capital expenditures of $ 173.0 relate primarily to computer hardware and software and leasehold improvements . we made payments of $ 61.5 related to acquisitions completed during 2013. .
Question: for net cash provided by operating activities in 2013 , how much was lost due to the decrease in net income?
Answer: | 47.9 |
FINQA3835 | Please answer the given financial question based on the context.
Context: other expense , net increased $ 0.8 million to $ 7.2 million in 2015 from $ 6.4 million in 2014 . this increase was due to higher net losses on the combined foreign currency exchange rate changes on transactions denominated in foreign currencies and our foreign currency derivative financial instruments in 2015 . provision for income taxes increased $ 19.9 million to $ 154.1 million in 2015 from $ 134.2 million in 2014 . our effective tax rate was 39.9% ( 39.9 % ) in 2015 compared to 39.2% ( 39.2 % ) in 2014 . our effective tax rate for 2015 was higher than the effective tax rate for 2014 primarily due to increased non-deductible costs incurred in connection with our connected fitness acquisitions in 2015 . year ended december 31 , 2014 compared to year ended december 31 , 2013 net revenues increased $ 752.3 million , or 32.3% ( 32.3 % ) , to $ 3084.4 million in 2014 from $ 2332.1 million in 2013 . net revenues by product category are summarized below: .
|( in thousands )|year ended december 31 , 2014|year ended december 31 , 2013|year ended december 31 , $ change|year ended december 31 , % ( % ) change|
|apparel|$ 2291520|$ 1762150|$ 529370|30.0% ( 30.0 % )|
|footwear|430987|298825|132162|44.2|
|accessories|275409|216098|59311|27.4|
|total net sales|2997916|2277073|720843|31.7|
|license revenues|67229|53910|13319|24.7|
|connected fitness|19225|1068|18157|1700.1|
|total net revenues|$ 3084370|$ 2332051|$ 752319|32.3% ( 32.3 % )|
the increase in net sales were driven primarily by : 2022 apparel unit sales growth and new offerings in multiple lines led by training , hunt and golf ; and 2022 footwear unit sales growth , led by running and basketball . license revenues increased $ 13.3 million , or 24.7% ( 24.7 % ) , to $ 67.2 million in 2014 from $ 53.9 million in 2013 . this increase in license revenues was primarily a result of increased distribution and continued unit volume growth by our licensees . connected fitness revenue increased $ 18.1 million to $ 19.2 million in 2014 from $ 1.1 million in 2013 primarily due to a full year of revenue from our connected fitness business in 2014 compared to one month in gross profit increased $ 375.5 million to $ 1512.2 million in 2014 from $ 1136.7 million in 2013 . gross profit as a percentage of net revenues , or gross margin , increased 30 basis points to 49.0% ( 49.0 % ) in 2014 compared to 48.7% ( 48.7 % ) in 2013 . the increase in gross margin percentage was primarily driven by the following : 2022 approximate 20 basis point increase driven primarily by decreased sales mix of excess inventory through our factory house outlet stores ; and 2022 approximate 20 basis point increase as a result of higher duty costs recorded during the prior year on certain products imported in previous years . the above increases were partially offset by : 2022 approximate 10 basis point decrease by unfavorable foreign currency exchange rate fluctuations. .
Question: what was the percent of growth of the sales revenues of apparel from 2013 to 2014
Answer: | 0.30041 |
FINQA3836 | Please answer the given financial question based on the context.
Context: entergy corporation and subsidiaries notes to financial statements this difference as a regulatory asset or liability on an ongoing basis , resulting in a zero net balance for the regulatory asset at the end of the lease term . the amount was a net regulatory liability of $ 61.6 million and $ 27.8 million as of december 31 , 2013 and 2012 , respectively . as of december 31 , 2013 , system energy had future minimum lease payments ( reflecting an implicit rate of 5.13% ( 5.13 % ) ) , which are recorded as long-term debt , as follows : amount ( in thousands ) .
||amount ( in thousands )|
|2014|$ 51637|
|2015|52253|
|2016|13750|
|2017|13750|
|2018|13750|
|years thereafter|247500|
|total|392640|
|less : amount representing interest|295226|
|present value of net minimum lease payments|$ 97414|
.
Question: what are the future minimum lease payments in 2014 as a percentage of the total future minimum lease payments?
Answer: | 0.13151 |
FINQA3837 | Please answer the given financial question based on the context.
Context: entergy corporation and subsidiaries management's financial discussion and analysis the expenses related to the voluntary severance program offered to employees . approximately 200 employees from the non-utility nuclear business and 150 employees in the utility business accepted the voluntary severance program offers . net revenue utility following is an analysis of the change in net revenue comparing 2008 to 2007 . amount ( in millions ) .
||amount ( in millions )|
|2007 net revenue|$ 4618|
|purchased power capacity|-25 ( 25 )|
|volume/weather|-14 ( 14 )|
|retail electric price|9|
|other|1|
|2008 net revenue|$ 4589|
the purchased power capacity variance is primarily due to higher capacity charges . a portion of the variance is due to the amortization of deferred capacity costs and is offset in base revenues due to base rate increases implemented to recover incremental deferred and ongoing purchased power capacity charges . the volume/weather variance is primarily due to the effect of less favorable weather compared to the same period in 2007 and decreased electricity usage primarily during the unbilled sales period . hurricane gustav and hurricane ike , which hit the utility's service territories in september 2008 , contributed an estimated $ 46 million to the decrease in electricity usage . industrial sales were also depressed by the continuing effects of the hurricanes and , especially in the latter part of the year , because of the overall decline of the economy , leading to lower usage in the latter part of the year affecting both the large customer industrial segment as well as small and mid-sized industrial customers . the decreases in electricity usage were partially offset by an increase in residential and commercial customer electricity usage that occurred during the periods of the year not affected by the hurricanes . the retail electric price variance is primarily due to : an increase in the attala power plant costs recovered through the power management rider by entergy mississippi . the net income effect of this recovery is limited to a portion representing an allowed return on equity with the remainder offset by attala power plant costs in other operation and maintenance expenses , depreciation expenses , and taxes other than income taxes ; a storm damage rider that became effective in october 2007 at entergy mississippi ; and an energy efficiency rider that became effective in november 2007 at entergy arkansas . the establishment of the storm damage rider and the energy efficiency rider results in an increase in rider revenue and a corresponding increase in other operation and maintenance expense with no impact on net income . the retail electric price variance was partially offset by : the absence of interim storm recoveries through the formula rate plans at entergy louisiana and entergy gulf states louisiana which ceased upon the act 55 financing of storm costs in the third quarter 2008 ; and a credit passed on to customers as a result of the act 55 storm cost financings . refer to "liquidity and capital resources - hurricane katrina and hurricane rita" below and note 2 to the financial statements for a discussion of the interim recovery of storm costs and the act 55 storm cost financings. .
Question: what percent lower was the revenue in 2008 than in 2007?
Answer: | 29.0 |
FINQA3838 | Please answer the given financial question based on the context.
Context: notes to consolidated financial statements 1 . basis of presentation the accompanying consolidated financial statements and notes thereto have been prepared in accordance with u.s . generally accepted accounting principles ( "u.s . gaap" ) . the consolidated financial statements include the accounts of aon plc and all of its controlled subsidiaries ( "aon" or the "company" ) . all intercompany accounts and transactions have been eliminated . the consolidated financial statements include , in the opinion of management , all adjustments necessary to present fairly the company's consolidated financial position , results of operations and cash flows for all periods presented . reclassification certain amounts in prior years' consolidated financial statements and related notes have been reclassified to conform to the 2015 presentation . in prior periods , long-term investments were included in investments in the consolidated statement of financial position . these amounts are now included in other non-current assets in the consolidated statement of financial position , as shown in note 3 to these consolidated financial statements . long-term investments were $ 135 million at december 31 , 2015 and $ 143 million at december 31 , 2014 . in prior periods , prepaid pensions were included in other non-current assets in the consolidated statement of financial position . these amounts are now separately disclosed in the consolidated statement of financial position . prepaid pensions were $ 1033 million at december 31 , 2015 and $ 933 million at december 31 , 2014 . upon vesting of certain share-based payment arrangements , employees may elect to use a portion of the shares to satisfy tax withholding requirements , in which case aon makes a payment to the taxing authority on the employee 2019s behalf and remits the remaining shares to the employee . the company has historically presented amounts due to taxing authorities within cash flows from operating activities in the consolidated statements of cash flows . the amounts are now included in 201cissuance of shares for employee benefit plans 201d within cash flows from financing activities . the company believes this presentation provides greater clarity into the operating and financing activities of the company as the substance and accounting for these transactions is that of a share repurchase . it also aligns the company 2019s presentation to be consistent with industry practice . amounts reported in issuance of shares for employee benefit plans were $ 227 million , $ 170 million , and $ 120 million , respectively , for the years ended december 31 , 2015 , 2014 and 2013 . these amounts , which were reclassified from accounts payable and accrued liabilities and other assets and liabilities , were $ 85 million and $ 85 million in 2014 , and $ 62 million and $ 58 million in 2013 , respectively . changes to the presentation in the consolidated statements of cash flows for 2014 and 2013 were made related to certain line items within financing activities . the following line items and respective amounts have been aggregated in a new line item titled 201cnoncontrolling interests and other financing activities 201d within financing activities. .
|years ended december 31,|2014|2013|
|purchases of shares from noncontrolling interests|3|-8 ( 8 )|
|dividends paid to noncontrolling interests|-24 ( 24 )|-19 ( 19 )|
|proceeds from sale-leaseback|25|2014|
use of estimates the preparation of the accompanying consolidated financial statements in conformity with u.s . gaap requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities , disclosures of contingent assets and liabilities at the date of the financial statements , and the reported amounts of reserves and expenses . these estimates and assumptions are based on management's best estimates and judgments . management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors , including the current economic environment . management believes its estimates to be reasonable given the current facts available . aon adjusts such estimates and assumptions when facts and circumstances dictate . illiquid credit markets , volatile equity markets , and foreign currency exchange rate movements increase the uncertainty inherent in such estimates and assumptions . as future events and their effects cannot be determined , among other factors , with precision , actual results could differ significantly from these estimates . changes in estimates resulting from continuing changes in the economic environment would , if applicable , be reflected in the financial statements in future periods. .
Question: what was the change in the prepaid pensions from 2014 to 2015 in millions
Answer: | 100.0 |
FINQA3839 | Please answer the given financial question based on the context.
Context: russia and europe . average sales price realizations for uncoated freesheet paper decreased in both europe and russia , reflecting weak economic conditions and soft market demand . in russia , sales prices in rubles increased , but this improvement is masked by the impact of the currency depreciation against the u.s . dollar . input costs were significantly higher for wood in both europe and russia , partially offset by lower chemical costs . planned maintenance downtime costs were $ 11 million lower in 2014 than in 2013 . manufacturing and other operating costs were favorable . entering 2015 , sales volumes in the first quarter are expected to be seasonally weaker in russia , and about flat in europe . average sales price realizations for uncoated freesheet paper are expected to remain steady in europe , but increase in russia . input costs should be lower for oil and wood , partially offset by higher chemicals costs . indian papers net sales were $ 178 million in 2014 , $ 185 million ( $ 174 million excluding excise duties which were included in net sales in 2013 and prior periods ) in 2013 and $ 185 million ( $ 178 million excluding excise duties ) in 2012 . operating profits were $ 8 million ( a loss of $ 12 million excluding a gain related to the resolution of a legal contingency ) in 2014 , a loss of $ 145 million ( a loss of $ 22 million excluding goodwill and trade name impairment charges ) in 2013 and a loss of $ 16 million in 2012 . average sales price realizations improved in 2014 compared with 2013 due to the impact of price increases implemented in 2013 . sales volumes were flat , reflecting weak economic conditions . input costs were higher , primarily for wood . operating costs and planned maintenance downtime costs were lower in 2014 . looking ahead to the first quarter of 2015 , sales volumes are expected to be seasonally higher . average sales price realizations are expected to decrease due to competitive pressures . asian printing papers net sales were $ 59 million in 2014 , $ 90 million in 2013 and $ 85 million in 2012 . operating profits were $ 0 million in 2014 and $ 1 million in both 2013 and 2012 . u.s . pulp net sales were $ 895 million in 2014 compared with $ 815 million in 2013 and $ 725 million in 2012 . operating profits were $ 57 million in 2014 compared with $ 2 million in 2013 and a loss of $ 59 million in 2012 . sales volumes in 2014 increased from 2013 for both fluff pulp and market pulp reflecting improved market demand . average sales price realizations increased significantly for fluff pulp , while prices for market pulp were also higher . input costs for wood and energy were higher . operating costs were lower , but planned maintenance downtime costs were $ 1 million higher . compared with the fourth quarter of 2014 , sales volumes in the first quarter of 2015 , are expected to decrease for market pulp , but be slightly higher for fluff pulp . average sales price realizations are expected to to be stable for fluff pulp and softwood market pulp , while hardwood market pulp prices are expected to improve . input costs should be flat . planned maintenance downtime costs should be about $ 13 million higher than in the fourth quarter of 2014 . consumer packaging demand and pricing for consumer packaging products correlate closely with consumer spending and general economic activity . in addition to prices and volumes , major factors affecting the profitability of consumer packaging are raw material and energy costs , freight costs , manufacturing efficiency and product mix . consumer packaging net sales in 2014 decreased 1% ( 1 % ) from 2013 , but increased 7% ( 7 % ) from 2012 . operating profits increased 11% ( 11 % ) from 2013 , but decreased 34% ( 34 % ) from 2012 . excluding sheet plant closure costs , costs associated with the permanent shutdown of a paper machine at our augusta , georgia mill and costs related to the sale of the shorewood business , 2014 operating profits were 11% ( 11 % ) lower than in 2013 , and 30% ( 30 % ) lower than in 2012 . benefits from higher average sales price realizations and a favorable mix ( $ 60 million ) were offset by lower sales volumes ( $ 11 million ) , higher operating costs ( $ 9 million ) , higher planned maintenance downtime costs ( $ 12 million ) , higher input costs ( $ 43 million ) and higher other costs ( $ 7 million ) . in addition , operating profits in 2014 include $ 8 million of costs associated with sheet plant closures , while operating profits in 2013 include costs of $ 45 million related to the permanent shutdown of a paper machine at our augusta , georgia mill and $ 2 million of costs associated with the sale of the shorewood business . consumer packaging .
|in millions|2014|2013|2012|
|sales|$ 3403|$ 3435|$ 3170|
|operating profit|178|161|268|
north american consumer packaging net sales were $ 2.0 billion in 2014 compared with $ 2.0 billion in 2013 and $ 2.0 billion in 2012 . operating profits were $ 92 million ( $ 100 million excluding sheet plant closure costs ) in 2014 compared with $ 63 million ( $ 110 million excluding paper machine shutdown costs and costs related to the sale of the shorewood business ) in 2013 and $ 165 million ( $ 162 million excluding a gain associated with the sale of the shorewood business in 2012 ) . coated paperboard sales volumes in 2014 were lower than in 2013 reflecting weaker market demand . the business took about 41000 tons of market-related downtime in 2014 compared with about 24000 tons in 2013 . average sales price realizations increased year- .
Question: what percentage where north american consumer packaging net sales of consumer packaging sales in 2013?
Answer: | 0.58224 |
FINQA3840 | Please answer the given financial question based on the context.
Context: item 2 : properties information concerning applied's properties at october 25 , 2015 is set forth below: .
|( square feet in thousands )|united states|other countries|total|
|owned|3748|1624|5372|
|leased|556|1107|1663|
|total|4304|2731|7035|
because of the interrelation of applied's operations , properties within a country may be shared by the segments operating within that country . the company's headquarters offices are in santa clara , california . products in silicon systems are manufactured in austin , texas ; gloucester , massachusetts ; rehovot , israel ; and singapore . remanufactured equipment products in the applied global services segment are produced primarily in austin , texas . products in the display segment are manufactured in tainan , taiwan and santa clara , california . products in the energy and environmental solutions segment are primarily manufactured in alzenau , germany and treviso , italy . applied also owns and leases offices , plants and warehouse locations in many locations throughout the world , including in europe , japan , north america ( principally the united states ) , israel , china , india , korea , southeast asia and taiwan . these facilities are principally used for manufacturing ; research , development and engineering ; and marketing , sales and customer support . applied also owns a total of approximately 139 acres of buildable land in texas , california , israel and italy that could accommodate additional building space . applied considers the properties that it owns or leases as adequate to meet its current and future requirements . applied regularly assesses the size , capability and location of its global infrastructure and periodically makes adjustments based on these assessments. .
Question: what percentage of company's property are leased and located in united states?
Answer: | 0.07903 |
FINQA3841 | Please answer the given financial question based on the context.
Context: note 11 2013 stock-based compensation during 2014 , 2013 and 2012 , we recorded non-cash stock-based compensation expense totaling $ 164 million , $ 189 million and $ 167 million , which is included as a component of other unallocated , net on our statements of earnings . the net impact to earnings for the respective years was $ 107 million , $ 122 million and $ 108 million . as of december 31 , 2014 , we had $ 91 million of unrecognized compensation cost related to nonvested awards , which is expected to be recognized over a weighted average period of 1.6 years . we received cash from the exercise of stock options totaling $ 308 million , $ 827 million and $ 440 million during 2014 , 2013 and 2012 . in addition , our income tax liabilities for 2014 , 2013 and 2012 were reduced by $ 215 million , $ 158 million , $ 96 million due to recognized tax benefits on stock-based compensation arrangements . stock-based compensation plans under plans approved by our stockholders , we are authorized to grant key employees stock-based incentive awards , including options to purchase common stock , stock appreciation rights , restricted stock units ( rsus ) , performance stock units ( psus ) or other stock units . the exercise price of options to purchase common stock may not be less than the fair market value of our stock on the date of grant . no award of stock options may become fully vested prior to the third anniversary of the grant and no portion of a stock option grant may become vested in less than one year . the minimum vesting period for restricted stock or stock units payable in stock is three years . award agreements may provide for shorter or pro-rated vesting periods or vesting following termination of employment in the case of death , disability , divestiture , retirement , change of control or layoff . the maximum term of a stock option or any other award is 10 years . at december 31 , 2014 , inclusive of the shares reserved for outstanding stock options , rsus and psus , we had 19 million shares reserved for issuance under the plans . at december 31 , 2014 , 7.8 million of the shares reserved for issuance remained available for grant under our stock-based compensation plans . we issue new shares upon the exercise of stock options or when restrictions on rsus and psus have been satisfied . the following table summarizes activity related to nonvested rsus during 2014 : number of rsus ( in thousands ) weighted average grant-date fair value per share .
||number of rsus ( in thousands )|weighted average grant-date fair value pershare|
|nonvested at december 31 2011|4302|$ 78.25|
|granted|1987|81.93|
|vested|-1299 ( 1299 )|80.64|
|forfeited|-168 ( 168 )|79.03|
|nonvested at december 31 2012|4822|$ 79.10|
|granted|1356|89.24|
|vested|-2093 ( 2093 )|79.26|
|forfeited|-226 ( 226 )|81.74|
|nonvested at december 31 2013|3859|$ 82.42|
|granted|745|146.85|
|vested|-2194 ( 2194 )|87.66|
|forfeited|-84 ( 84 )|91.11|
|nonvested at december 31 2014|2326|$ 97.80|
rsus are valued based on the fair value of our common stock on the date of grant . employees who are granted rsus receive the right to receive shares of stock after completion of the vesting period ; however , the shares are not issued and the employees cannot sell or transfer shares prior to vesting and have no voting rights until the rsus vest , generally three years from the date of the award . employees who are granted rsus receive dividend-equivalent cash payments only upon vesting . for these rsu awards , the grant-date fair value is equal to the closing market price of our common stock on the date of grant less a discount to reflect the delay in payment of dividend-equivalent cash payments . we recognize the grant-date fair value of rsus , less estimated forfeitures , as compensation expense ratably over the requisite service period , which beginning with the rsus granted in 2013 is shorter than the vesting period if the employee is retirement eligible on the date of grant or will become retirement eligible before the end of the vesting period. .
Question: what was the percentage change in non-cash stock-based compensation expense from 2013 to 2014?
Answer: | -0.13228 |
FINQA3842 | Please answer the given financial question based on the context.
Context: continue to be deployed as wireless service providers are beginning their investments in 3g data networks . similarly , in ghana and uganda , wireless service providers continue to build out their voice and data networks in order to satisfy increasing demand for wireless services . in south africa , where voice networks are in a more advanced stage of development , carriers are beginning to deploy 3g data networks across spectrum acquired in recent spectrum auctions . in mexico and brazil , where nationwide voice networks have also been deployed , some incumbent wireless service providers continue to invest in their 3g data networks , and recent spectrum auctions have enabled other incumbent wireless service providers to begin their initial investments in 3g data networks . in markets such as chile , peru and colombia , recent or anticipated spectrum auctions are expected to drive investment in nationwide voice and 3g data networks . in germany , our most mature international wireless market , demand is currently being driven by a government-mandated rural fourth generation network build-out , as well as other tenant initiatives to deploy next generation wireless services . we believe incremental demand for our tower sites will continue in our international markets as wireless service providers seek to remain competitive by increasing the coverage of their networks while also investing in next generation data networks . rental and management operations new site revenue growth . during the year ended december 31 , 2012 , we grew our portfolio of communications real estate through acquisitions and construction activities , including the acquisition and construction of approximately 8810 sites . in a majority of our international markets , the acquisition or construction of new sites results in increased pass-through revenues and expenses . we continue to evaluate opportunities to acquire larger communications real estate portfolios , both domestically and internationally , to determine whether they meet our risk adjusted hurdle rates and whether we believe we can effectively integrate them into our existing portfolio. .
|new sites ( acquired or constructed )|2012|2011|2010|
|domestic|960|470|950|
|international ( 1 )|7850|10000|6870|
( 1 ) the majority of sites acquired or constructed in 2012 were in brazil , germany , india and uganda ; in 2011 were in brazil , colombia , ghana , india , mexico and south africa ; and in 2010 were in chile , colombia , india and peru . network development services segment revenue growth . as we continue to focus on growing our rental and management operations , we anticipate that our network development services revenue will continue to represent a relatively small percentage of our total revenues . through our network development services segment , we offer tower-related services , including site acquisition , zoning and permitting services and structural analysis services , which primarily support our site leasing business and the addition of new tenants and equipment on our sites , including in connection with provider network upgrades . rental and management operations expenses . direct operating expenses incurred by our domestic and international rental and management segments include direct site level expenses and consist primarily of ground rent , property taxes , repairs and maintenance , security and power and fuel costs , some of which may be passed through to our tenants . these segment direct operating expenses exclude all segment and corporate selling , general , administrative and development expenses , which are aggregated into one line item entitled selling , general , administrative and development expense in our consolidated statements of operations . in general , our domestic and international rental and management segments selling , general , administrative and development expenses do not significantly increase as a result of adding incremental tenants to our legacy sites and typically increase only modestly year-over-year . as a result , leasing additional space to new tenants on our legacy sites provides significant incremental cash flow . we may incur additional segment selling , general , administrative and development expenses as we increase our presence in geographic areas where we have recently launched operations or are focused on expanding our portfolio . our profit margin growth is therefore positively impacted by the addition of new tenants to our legacy sites and can be temporarily diluted by our development activities. .
Question: what was the ratio of the sites in 2011 for the domestic to international sites
Answer: | 0.12229 |
FINQA3843 | 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 total credit commitments as of december 31 , 2009 are outside the u.s.?
Answer: | 0.21862 |
FINQA3844 | Please answer the given financial question based on the context.
Context: loan commitments ( unfunded loans and unused lines of credit ) , asset purchase agreements , standby letters of credit and letters of credit are issued to accommodate the financing needs of state street 2019s clients and to provide credit enhancements to special purpose entities . loan commitments are agreements by state street to lend monies at a future date . asset purchase agreements are commitments to purchase receivables or securities , subject to conditions established in the agreements , and at december 31 , 2001 , include $ 8.0 billion outstanding to special purpose entities . standby letters of credit and letters of credit commit state street to make payments on behalf of clients and special purpose entities when certain specified events occur . standby letters of credit outstanding to special purpose entities were $ 608 million at december 31 , 2001 . these loan , asset purchase and letter of credit commitments are subject to the same credit policies and reviews as loans . the amount and nature of collateral are obtained based upon management 2019s assessment of the credit risk . approximately 89% ( 89 % ) of the loan commitments and asset purchase agreements expire within one year from the date of issue . sincemany of the commitments are expected to expire or renewwithout being drawn , the total commitment amounts do not necessarily represent future cash requirements . the following is a summary of the contractual amount of credit-related , off-balance sheet financial instruments at december 31: .
|( dollars in millions )|2001|2000|
|indemnified securities on loan|$ 113047|$ 101438|
|loan commitments|12962|11367|
|asset purchase agreements|10366|7112|
|standby letters of credit|3918|4028|
|letters of credit|164|218|
state street corporation 53 .
Question: what is the percentage change in the balance of letters of credit from 2000 to 2001?
Answer: | -0.24771 |
FINQA3845 | Please answer the given financial question based on the context.
Context: agreements . deferred financing costs amounted to $ 51 million and $ 60 million , net of accumulated amortization , as of december 31 , 2007 and 2006 , respectively . amortization of deferred financing costs totaled $ 13 million , $ 15 million and $ 14 million in 2007 , 2006 and 2005 , respectively , and is included in interest expense on the accompanying statements of operations . amortization of property and equipment under capital leases totaled $ 2 million , $ 2 million and $ 3 million in 2007 , 2006 and 2005 , respectively , and is included in depreciation and amortization on the accompanying consolidated state- ments of operations . 5 stockholders 2019 equity seven hundred fifty million shares of common stock , with a par value of $ 0.01 per share , are authorized , of which 522.6 million and 521.1 million were outstanding as of december 31 , 2007 and 2006 , respectively . fifty million shares of no par value preferred stock are authorized , with 4.0 million shares out- standing as of december 31 , 2007 and 2006 . dividends we are required to distribute at least 90% ( 90 % ) of our annual taxable income , excluding net capital gain , to qualify as a reit . however , our policy on common dividends is generally to distribute 100% ( 100 % ) of our estimated annual taxable income , including net capital gain , unless otherwise contractually restricted . for our preferred dividends , we will generally pay the quarterly dividend , regard- less of the amount of taxable income , unless similarly contractu- ally restricted . the amount of any dividends will be determined by host 2019s board of directors . all dividends declared in 2007 , 2006 and 2005 were determined to be ordinary income . the table below presents the amount of common and preferred dividends declared per share as follows: .
||2007|2006|2005|
|common stock|$ 1.00|$ .76|$ .41|
|class b preferred stock 10% ( 10 % )|2014|2014|.87|
|class c preferred stock 10% ( 10 % )|2014|.625|2.50|
|class e preferred stock 87/8% ( 87/8 % )|2.22|2.22|2.22|
class e preferred stock 8 7/8% ( 7/8 % ) 2.22 2.22 2.22 common stock on april 10 , 2006 , we issued approximately 133.5 million com- mon shares for the acquisition of hotels from starwood hotels & resorts . see note 12 , acquisitions-starwood acquisition . during 2006 , we converted our convertible subordinated debentures into approximately 24 million shares of common stock . the remainder was redeemed for $ 2 million in april 2006 . see note 4 , debt . preferred stock we currently have one class of publicly-traded preferred stock outstanding : 4034400 shares of 8 7/8% ( 7/8 % ) class e preferred stock . holders of the preferred stock are entitled to receive cumulative cash dividends at 8 7/8% ( 7/8 % ) per annum of the $ 25.00 per share liqui- dation preference , which are payable quarterly in arrears . after june 2 , 2009 , we have the option to redeem the class e preferred stock for $ 25.00 per share , plus accrued and unpaid dividends to the date of redemption . the preferred stock ranks senior to the common stock and the authorized series a junior participating preferred stock ( discussed below ) . the preferred stockholders generally have no voting rights . accrued preferred dividends at december 31 , 2007 and 2006 were approximately $ 2 million . during 2006 and 2005 , we redeemed , at par , all of our then outstanding shares of class c and b cumulative preferred stock , respectively . the fair value of the preferred stock ( which was equal to the redemption price ) exceeded the carrying value of the class c and b preferred stock by approximately $ 6 million and $ 4 million , respectively . these amounts represent the origi- nal issuance costs . the original issuance costs for the class c and b preferred stock have been reflected in the determination of net income available to common stockholders for the pur- pose of calculating our basic and diluted earnings per share in the respective years of redemption . stockholders rights plan in 1998 , the board of directors adopted a stockholder rights plan under which a dividend of one preferred stock purchase right was distributed for each outstanding share of our com- mon stock . each right when exercisable entitles the holder to buy 1/1000th of a share of a series a junior participating pre- ferred stock of ours at an exercise price of $ 55 per share , subject to adjustment . the rights are exercisable 10 days after a person or group acquired beneficial ownership of at least 20% ( 20 % ) , or began a tender or exchange offer for at least 20% ( 20 % ) , of our com- mon stock . shares owned by a person or group on november 3 , 1998 and held continuously thereafter are exempt for purposes of determining beneficial ownership under the rights plan . the rights are non-voting and expire on november 22 , 2008 , unless exercised or previously redeemed by us for $ .005 each . if we were involved in a merger or certain other business combina- tions not approved by the board of directors , each right entitles its holder , other than the acquiring person or group , to purchase common stock of either our company or the acquiror having a value of twice the exercise price of the right . stock repurchase plan our board of directors has authorized a program to repur- chase up to $ 500 million of common stock . the common stock may be purchased in the open market or through private trans- actions , dependent upon market conditions . the plan does not obligate us to repurchase any specific number of shares and may be suspended at any time at management 2019s discretion . 6 income taxes we elected to be treated as a reit effective january 1 , 1999 , pursuant to the u.s . internal revenue code of 1986 , as amended . in general , a corporation that elects reit status and meets certain tax law requirements regarding the distribution of its taxable income to its stockholders as prescribed by applicable tax laws and complies with certain other requirements ( relating primarily to the nature of its assets and the sources of its revenues ) is generally not subject to federal and state income taxation on its operating income distributed to its stockholders . in addition to paying federal and state income taxes on any retained income , we are subject to taxes on 201cbuilt-in-gains 201d resulting from sales of certain assets . additionally , our taxable reit subsidiaries are subject to federal , state and foreign 63h o s t h o t e l s & r e s o r t s 2 0 0 7 60629p21-80x4 4/8/08 4:02 pm page 63 .
Question: what was the percent of the change in the amortization of deferred financing costs from 2006 to 2007
Answer: | -0.13333 |
FINQA3846 | Please answer the given financial question based on the context.
Context: of global business , there are many transactions and calculations where the ultimate tax outcome is uncertain . some of these uncertainties arise as a consequence of cost reimbursement arrangements among related entities . although the company believes its estimates are reasonable , no assurance can be given that the final tax outcome of these matters will not be different than that which is reflected in the historical income tax provisions and accruals . such differences could have a material impact on the company 2019s income tax provision and operating results in the period in which such determination is made . on november 4 , 2007 ( the first day of its 2008 fiscal year ) , the company adopted new accounting principles on accounting for uncertain tax positions . these principles require companies to determine whether it is 201cmore likely than not 201d that a tax position will be sustained upon examination by the appropriate taxing authorities before any benefit can be recorded in the financial statements . an uncertain income tax position will not be recognized if it has less than a 50% ( 50 % ) likelihood of being sustained . there were no changes to the company 2019s liabilities for uncertain tax positions as a result of the adoption of these provisions . as of october 30 , 2010 and october 31 , 2009 , the company had a liability of $ 18.4 million and $ 18.2 million , respectively , for gross unrealized tax benefits , all of which , if settled in the company 2019s favor , would lower the company 2019s effective tax rate in the period recorded . in addition , as of october 30 , 2010 and october 31 , 2009 , the company had a liability of approximately $ 9.8 million and $ 8.0 million , respectively , for interest and penalties . the total liability as of october 30 , 2010 and october 31 , 2009 of $ 28.3 million and $ 26.2 million , respectively , for uncertain tax positions is classified as non-current , and is included in other non-current liabilities , because the company believes that the ultimate payment or settlement of these liabilities will not occur within the next twelve months . prior to the adoption of these provisions , these amounts were included in current income tax payable . the company includes interest and penalties related to unrecognized tax benefits within the provision for taxes in the condensed consolidated statements of income , and as a result , no change in classification was made upon adopting these provisions . the condensed consolidated statements of income for fiscal years 2010 , 2009 and 2008 include $ 1.8 million , $ 1.7 million and $ 1.3 million , respectively , of interest and penalties related to these uncertain tax positions . due to the complexity associated with its tax uncertainties , the company cannot make a reasonably reliable estimate as to the period in which it expects to settle the liabilities associated with these uncertain tax positions . the following table summarizes the changes in the total amounts of uncertain tax positions for fiscal 2008 through fiscal 2010. .
|balance november 3 2007|$ 9889|
|additions for tax positions of 2008|3861|
|balance november 1 2008|13750|
|additions for tax positions of 2009|4411|
|balance october 31 2009|18161|
|additions for tax positions of 2010|286|
|balance october 30 2010|$ 18447|
fiscal years 2004 and 2005 irs examination during the fourth quarter of fiscal 2007 , the irs completed its field examination of the company 2019s fiscal years 2004 and 2005 . on january 2 , 2008 , the irs issued its report for fiscal 2004 and 2005 , which included proposed adjustments related to these two fiscal years . the company has recorded taxes and penalties related to certain of these proposed adjustments . there are four items with an additional potential total tax liability of $ 46 million . the company has concluded , based on discussions with its tax advisors , that these four items are not likely to result in any additional tax liability . therefore , the company has not recorded any additional tax liability for these items and is appealing these proposed adjustments through the normal processes for the resolution of differences between the irs and taxpayers . the company 2019s initial meetings with the appellate division of the irs were held during fiscal analog devices , inc . notes to consolidated financial statements 2014 ( continued ) .
Question: by what amount does the interest and penalties expense exceed the payment for interest and penalties in 2010?
Answer: | 1.8 |
FINQA3847 | Please answer the given financial question based on the context.
Context: other income and expense for the three fiscal years ended september 28 , 2002 are as follows ( in millions ) : gains and losses on non-current investments investments categorized as non-current debt and equity investments on the consolidated balance sheet are in equity and debt instruments of public companies . the company's non-current debt and equity investments , and certain investments in private companies carried in other assets , have been categorized as available-for-sale requiring that they be carried at fair value with unrealized gains and losses , net of taxes , reported in equity as a component of accumulated other comprehensive income . however , the company recognizes an impairment charge to earnings in the event a decline in fair value below the cost basis of one of these investments is determined to be other-than-temporary . the company includes recognized gains and losses resulting from the sale or from other-than-temporary declines in fair value associated with these investments in other income and expense . further information related to the company's non-current debt and equity investments may be found in part ii , item 8 of this form 10-k at note 2 of notes to consolidated financial statements . during 2002 , the company determined that declines in the fair value of certain of these investments were other-than-temporary . as a result , the company recognized a $ 44 million charge to earnings to write-down the basis of its investment in earthlink , inc . ( earthlink ) , a $ 6 million charge to earnings to write-down the basis of its investment in akamai technologies , inc . ( akamai ) , and a $ 15 million charge to earnings to write-down the basis of its investment in a private company investment . these losses in 2002 were partially offset by the sale of 117000 shares of earthlink stock for net proceeds of $ 2 million and a gain before taxes of $ 223000 , the sale of 250000 shares of akamai stock for net proceeds of $ 2 million and a gain before taxes of $ 710000 , and the sale of approximately 4.7 million shares of arm holdings plc ( arm ) stock for both net proceeds and a gain before taxes of $ 21 million . during 2001 , the company sold a total of approximately 1 million shares of akamai stock for net proceeds of $ 39 million and recorded a gain before taxes of $ 36 million , and sold a total of approximately 29.8 million shares of arm stock for net proceeds of $ 176 million and recorded a gain before taxes of $ 174 million . these gains during 2001 were partially offset by a $ 114 million charge to earnings that reflected an other- than-temporary decline in the fair value of the company's investment in earthlink and an $ 8 million charge that reflected an other-than- temporary decline in the fair value of certain private company investments . during 2000 , the company sold a total of approximately 45.2 million shares of arm stock for net proceeds of $ 372 million and a gain before taxes of $ 367 million . the combined carrying value of the company's investments in earthlink , akamai , and arm as of september 28 , 2002 , was $ 39 million . the company believes it is likely there will continue to be significant fluctuations in the fair value of these investments in the future . accounting for derivatives and cumulative effect of accounting change on october 1 , 2000 , the company adopted statement of financial accounting standard ( sfas ) no . 133 , accounting for derivative instruments and hedging activities . sfas no . 133 established accounting and reporting standards for derivative instruments , hedging activities , and exposure definition . net of the related income tax effect of approximately $ 5 million , adoption of sfas no . 133 resulted in a favorable cumulative-effect-type adjustment to net income of approximately $ 12 million for the first quarter of 2001 . the $ 17 million gross transition adjustment was comprised of a $ 23 million favorable adjustment for the restatement to fair value of the derivative component of the company's investment in samsung electronics co. , ltd . ( samsung ) , partially offset by the unfavorable adjustments to certain foreign currency and interest rate derivatives . sfas no . 133 also required the company to adjust the carrying value of the derivative component of its investment in samsung to earnings during the first quarter of 2001 , the before tax effect of which was an unrealized loss of approximately $ 13 million . interest and other income , net net interest and other income was $ 112 million in fiscal 2002 , compared to $ 217 million in fiscal 2001 . this $ 105 million or 48% ( 48 % ) decrease is .
||2002|2001|2000|
|gains ( losses ) on non-current investments net|$ -42 ( 42 )|$ 88|$ 367|
|unrealized loss on convertible securities|$ 2014|-13 ( 13 )|$ 2014|
|interest income|$ 118|$ 218|$ 210|
|interest expense|-11 ( 11 )|-16 ( 16 )|-21 ( 21 )|
|miscellaneous other income and expense|5|15|14|
|interest and other income net|$ 112|$ 217|$ 203|
|total other income and expense|$ 70|$ 292|$ 570|
total other income and expense .
Question: what was gross transition adjustment without the $ 23 million favorable adjustment for the restatement to fair value of the derivative component of the company's investment in samsung electronics co . , ltd , in millions?
Answer: | -6.0 |
FINQA3848 | Please answer the given financial question based on the context.
Context: to , rather than as a substitute for , cash provided by operating activities . the following table reconciles cash provided by operating activities ( gaap measure ) to free cash flow ( non-gaap measure ) : .
|millions|2016|2015|2014|
|cash provided by operating activities|$ 7525|$ 7344|$ 7385|
|cash used in investing activities|-3393 ( 3393 )|-4476 ( 4476 )|-4249 ( 4249 )|
|dividends paid|-1879 ( 1879 )|-2344 ( 2344 )|-1632 ( 1632 )|
|free cash flow|$ 2253|$ 524|$ 1504|
2017 outlook f0b7 safety 2013 operating a safe railroad benefits all our constituents : our employees , customers , shareholders and the communities we serve . we will continue using a multi-faceted approach to safety , utilizing technology , risk assessment , training and employee engagement , quality control , and targeted capital investments . we will continue using and expanding the deployment of total safety culture and courage to care throughout our operations , which allows us to identify and implement best practices for employee and operational safety . we will continue our efforts to increase detection of rail defects ; improve or close crossings ; and educate the public and law enforcement agencies about crossing safety through a combination of our own programs ( including risk assessment strategies ) , industry programs and local community activities across our network . f0b7 network operations 2013 in 2017 , we will continue to align resources with customer demand , maintain an efficient network , and ensure surge capability with our assets . f0b7 fuel prices 2013 fuel price projections for crude oil and natural gas continue to fluctuate in the current environment . we again could see volatile fuel prices during the year , as they are sensitive to global and u.s . domestic demand , refining capacity , geopolitical events , weather conditions and other factors . as prices fluctuate , there will be a timing impact on earnings , as our fuel surcharge programs trail increases or decreases in fuel price by approximately two months . continuing lower fuel prices could have a positive impact on the economy by increasing consumer discretionary spending that potentially could increase demand for various consumer products that we transport . alternatively , lower fuel prices could likely have a negative impact on other commodities such as coal and domestic drilling-related shipments . f0b7 capital plan 2013 in 2017 , we expect our capital plan to be approximately $ 3.1 billion , including expenditures for ptc , approximately 60 locomotives scheduled to be delivered , and intermodal containers and chassis , and freight cars . the capital plan may be revised if business conditions warrant or if new laws or regulations affect our ability to generate sufficient returns on these investments . ( see further discussion in this item 7 under liquidity and capital resources 2013 capital plan. ) f0b7 financial expectations 2013 economic conditions in many of our market sectors continue to drive uncertainty with respect to our volume levels . we expect volume to grow in the low single digit range in 2017 compared to 2016 , but it will depend on the overall economy and market conditions . one of the more significant uncertainties is the outlook for energy markets , which will bring both challenges and opportunities . in the current environment , we expect continued margin improvement driven by continued pricing opportunities , ongoing productivity initiatives , and the ability to leverage our resources and strengthen our franchise . over the longer term , we expect the overall u.s . economy to continue to improve at a modest pace , with some markets outperforming others. .
Question: what was the percentage increase in the cash provided by operating activities from 2015 to 2016
Answer: | 0.02465 |
FINQA3849 | Please answer the given financial question based on the context.
Context: american tower corporation and subsidiaries notes to consolidated financial statements acquisition accounting upon closing of the acquisition . based on current estimates , the company expects the value of potential contingent consideration payments required to be made under these agreements to be between zero and $ 4.4 million . during the year ended december 31 , 2014 , the company ( i ) recorded a decrease in fair value of $ 1.7 million in other operating expenses in the accompanying consolidated statements of operations , ( ii ) recorded settlements under these agreements of $ 3.5 million , ( iii ) reduced its contingent consideration liability by $ 0.7 million as a portion of the company 2019s obligations was assumed by the buyer in conjunction with the sale of operations in panama and ( iv ) recorded additional liability of $ 0.1 million . as a result , the company estimates the value of potential contingent consideration payments required under these agreements to be $ 2.3 million using a probability weighted average of the expected outcomes as of december 31 , 2014 . other u.s . 2014in connection with other acquisitions in the united states , the company is required to make additional payments if certain pre-designated tenant leases commence during a specified period of time . during the year ended december 31 , 2014 , the company recorded $ 6.3 million of contingent consideration liability as part of the preliminary acquisition accounting upon closing of certain acquisitions . during the year ended december 31 , 2014 , the company recorded settlements under these agreements of $ 0.4 million . based on current estimates , the company expects the value of potential contingent consideration payments required to be made under these agreements to be between zero and $ 5.9 million and estimates it to be $ 5.9 million using a probability weighted average of the expected outcomes as of december 31 , 2014 . for more information regarding contingent consideration , see note 12 . 7 . accrued expenses accrued expenses consists of the following as of december 31 , ( in thousands ) : .
||2014|2013 ( 1 )|
|accrued property and real estate taxes|$ 61206|$ 54529|
|payroll and related withholdings|57110|50843|
|accrued construction costs|46024|52446|
|accrued rent|34074|28456|
|other accrued expenses|219340|234914|
|balance as of december 31,|$ 417754|$ 421188|
( 1 ) december 31 , 2013 balances have been revised to reflect purchase accounting measurement period adjustments. .
Question: what was the increase in payroll and related withholdings in 2014 , in millions?
Answer: | 6267.0 |
FINQA3850 | Please answer the given financial question based on the context.
Context: zimmer holdings , inc . 2013 form 10-k annual report notes to consolidated financial statements ( continued ) fees paid to collaborative partners . where contingent milestone payments are due to third parties under research and development arrangements , the milestone payment obligations are expensed when the milestone results are achieved . litigation 2013 we record a liability for contingent losses , including future legal costs , settlements and judgments , when we consider it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated . special items 2013 we recognize expenses resulting directly from our business combinations , employee termination benefits , certain r&d agreements , certain contract terminations , consulting and professional fees and asset impairment or loss on disposal charges connected with global restructuring , operational and quality excellence initiatives , and other items as 201cspecial items 201d in our consolidated statement of earnings . 201cspecial items 201d included ( in millions ) : .
|for the years ended december 31,|2013|2012|2011|
|impairment/loss on disposal of assets|$ 10.9|$ 14.6|$ 8.4|
|consulting and professional fees|99.1|90.1|26.0|
|employee severance and retention including share-based compensation acceleration|14.2|8.2|23.1|
|dedicated project personnel|34.0|15.1|3.2|
|certain r&d agreements|0.8|2013|2013|
|relocated facilities|3.6|1.8|2013|
|distributor acquisitions|0.4|0.8|2.0|
|certain litigation matters|26.9|13.7|0.1|
|contract terminations|3.9|6.6|6.3|
|contingent consideration adjustments|9.0|-2.8 ( 2.8 )|2013|
|accelerated software amortization|6.0|4.5|2013|
|other|7.9|2.8|6.1|
|special items|$ 216.7|$ 155.4|$ 75.2|
impairment/ loss on disposal of assets relates to impairment of intangible assets that were acquired in business combinations or impairment of or a loss on the disposal of other assets . consulting and professional fees relate to third-party consulting , professional fees and contract labor related to our quality and operational excellence initiatives , third-party consulting fees related to certain information system implementations , third-party integration consulting performed in a variety of areas such as tax , compliance , logistics and human resources for our business combinations , third-party fees related to severance and termination benefits matters and legal fees related to certain product liability matters . our quality and operational excellence initiatives are company- wide and include improvements in quality , distribution , sourcing , manufacturing and information technology , among other areas . in 2013 , 2012 and 2011 , we eliminated positions as we reduced management layers , restructured certain areas , announced closures of certain facilities , and commenced initiatives to focus on business opportunities that best support our strategic priorities . in 2013 , 2012 and 2011 , approximately 170 , 400 and 500 positions , respectively , from across the globe were affected by these actions . as a result of these changes in our work force and headcount reductions in connection with acquisitions , we incurred expenses related to severance benefits , redundant salaries as we worked through transition periods , share-based compensation acceleration and other employee termination-related costs . the majority of these termination benefits were provided in accordance with our existing or local government policies and are considered ongoing benefits . these costs were accrued when they became probable and estimable and were recorded as part of other current liabilities . the majority of these costs were paid during the year they were incurred . dedicated project personnel expenses include the salary , benefits , travel expenses and other costs directly associated with employees who are 100 percent dedicated to our operational and quality excellence initiatives or integration of acquired businesses . certain r&d agreements relate to agreements with upfront payments to obtain intellectual property to be used in r&d projects that have no alternative future use in other projects . relocated facilities expenses are the moving costs and the lease expenses incurred during the relocation period in connection with relocating certain facilities . over the past few years we have acquired a number of u.s . and foreign-based distributors . we have incurred various costs related to the consummation and integration of those businesses . certain litigation matters relate to costs and adjustments recognized during the year for the estimated or actual settlement of various legal matters , including royalty disputes , patent litigation matters , commercial litigation matters and matters arising from our acquisitions of certain competitive distributorships in prior years . contract termination costs relate to terminated agreements in connection with the integration of acquired companies and changes to our distribution model as part of business restructuring and operational excellence initiatives . the terminated contracts primarily relate to sales agents and distribution agreements . contingent consideration adjustments represent the changes in the fair value of contingent consideration obligations to be paid to the prior owners of acquired businesses . accelerated software amortization is the incremental amortization resulting from a reduction in the estimated life of certain software . in 2012 , we approved a plan to replace certain software . as a result , the estimated economic useful life of the existing software was decreased to represent the period of time expected to implement replacement software . as a result , the amortization from the shortened life of this software is substantially higher than the previous amortization being recognized . cash and cash equivalents 2013 we consider all highly liquid investments with an original maturity of three months or less to be cash equivalents . the carrying amounts reported in the balance sheet for cash and cash equivalents are valued at cost , which approximates their fair value. .
Question: what is the percent change in contract terminations from 2011 to 2012?
Answer: | 0.04762 |
FINQA3851 | Please answer the given financial question based on the context.
Context: arconic and its subsidiaries file income tax returns in the u.s . federal jurisdiction and various states and foreign jurisdictions . with a few minor exceptions , arconic is no longer subject to income tax examinations by tax authorities for years prior to 2006 . all u.s . tax years prior to 2016 have been audited by the internal revenue service . various state and foreign jurisdiction tax authorities are in the process of examining arconic 2019s income tax returns for various tax years through 2015 . a reconciliation of the beginning and ending amount of unrecognized tax benefits ( excluding interest and penalties ) was as follows: .
|december 31,|2016|2015|2014|
|balance at beginning of year|$ 18|$ 7|$ 8|
|additions for tax positions of the current year|12|-|-|
|additions for tax positions of prior years|-|14|4|
|reductions for tax positions of prior years|-|-2 ( 2 )|-3 ( 3 )|
|settlements with tax authorities|-1 ( 1 )|-|-1 ( 1 )|
|expiration of the statute of limitations|-1 ( 1 )|-1 ( 1 )|-|
|foreign currency translation|-|-|-1 ( 1 )|
|balance at end of year|$ 28|$ 18|$ 7|
for all periods presented , a portion of the balance at end of year pertains to state tax liabilities , which are presented before any offset for federal tax benefits . the effect of unrecognized tax benefits , if recorded , that would impact the annual effective tax rate for 2016 , 2015 , and 2014 would be approximately 6% ( 6 % ) , 7% ( 7 % ) , and 4% ( 4 % ) , respectively , of pretax book income . arconic does not anticipate that changes in its unrecognized tax benefits will have a material impact on the statement of consolidated operations during 2017 ( see tax in note l for a matter for which no reserve has been recognized ) . it is arconic 2019s policy to recognize interest and penalties related to income taxes as a component of the provision for income taxes on the accompanying statement of consolidated operations . in 2016 , 2015 , and 2014 , arconic did not recognize any interest or penalties . due to the expiration of the statute of limitations , settlements with tax authorities , and refunded overpayments , arconic recognized interest income of $ 1 in 2015 but did not recognize any interest income in 2016 or 2014 . as of december 31 , 2016 and 2015 , the amount accrued for the payment of interest and penalties was $ 2 and $ 1 , respectively . s . receivables sale of receivables programs arconic has an arrangement with three financial institutions to sell certain customer receivables without recourse on a revolving basis . the sale of such receivables is completed through the use of a bankruptcy remote special purpose entity , which is a consolidated subsidiary of arconic . this arrangement provides for minimum funding of $ 200 up to a maximum of $ 400 for receivables sold . on march 30 , 2012 , arconic initially sold $ 304 of customer receivables in exchange for $ 50 in cash and $ 254 of deferred purchase price under this arrangement . arconic has received additional net cash funding of $ 300 for receivables sold ( $ 1758 in draws and $ 1458 in repayments ) since the program 2019s inception , including $ 100 ( $ 500 in draws and $ 400 in repayments ) in 2016 . no draws or repayments occurred in 2015 . as of december 31 , 2016 and 2015 , the deferred purchase price receivable was $ 83 and $ 249 , respectively , which was included in other receivables on the accompanying consolidated balance sheet . the deferred purchase price receivable is reduced as collections of the underlying receivables occur ; however , as this is a revolving program , the sale of new receivables will result in an increase in the deferred purchase price receivable . the net change in the deferred purchase price receivable was reflected in the ( increase ) decrease in receivables line item on the accompanying statement of consolidated cash flows . this activity is reflected as an operating cash flow because the related customer receivables are the result of an operating activity with an insignificant , short-term interest rate risk. .
Question: what was the decrease observed in the deferred purchase price receivable during 2015 and 2016?
Answer: | -0.66667 |
FINQA3852 | Please answer the given financial question based on the context.
Context: transfer agent and registrar for common stock the transfer agent and registrar for our common stock is : computershare shareowner services llc 480 washington boulevard 29th floor jersey city , new jersey 07310 telephone : ( 877 ) 363-6398 sales of unregistered securities not applicable . repurchase of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2015 to december 31 , 2015 . 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 may yet be purchased under the plans or programs3|
|october 1 - 31|2140511|$ 20.54|2139507|$ 227368014|
|november 1 - 30|1126378|$ 22.95|1124601|$ 201557625|
|december 1 - 31|1881992|$ 22.97|1872650|$ 158553178|
|total|5148881|$ 21.96|5136758||
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 1004 withheld shares in october 2015 , 1777 withheld shares in november 2015 and 9342 withheld shares in december 2015 . 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 in february 2015 , 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 201c2015 share repurchase program 201d ) . on february 12 , 2016 , 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 2015 share repurchase program . there is no expiration date associated with the share repurchase programs. .
Question: what is the average number of total shares purchased in october and november?
Answer: | 1633444.5 |
FINQA3853 | Please answer the given financial question based on the context.
Context: notes to consolidated financial statements 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 $ 29.24 billion and $ 32.41 billion as of december 2013 and december 2012 , 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 $ 870 million and $ 300 million of protection had been provided as of december 2013 and december 2012 , respectively . 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 corporate loans and commercial mortgage 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 . investment commitments the firm 2019s investment commitments consist of commitments to invest in private equity , real estate and other assets directly and through funds that the firm raises and manages . these commitments include $ 659 million and $ 872 million as of december 2013 and december 2012 , respectively , related to real estate private investments and $ 6.46 billion and $ 6.47 billion as of december 2013 and december 2012 , respectively , related to corporate and other private investments . of these amounts , $ 5.48 billion and $ 6.21 billion as of december 2013 and december 2012 , respectively , relate 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 , principally 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 2013 .
|in millions|as of december 2013|
|2014|$ 387|
|2015|340|
|2016|280|
|2017|271|
|2018|222|
|2019 - thereafter|1195|
|total|$ 2695|
rent charged to operating expense was $ 324 million for 2013 , $ 374 million for 2012 and $ 475 million for 2011 . 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 . contingencies legal proceedings . see note 27 for information about legal proceedings , including certain mortgage-related matters . certain mortgage-related contingencies . there are multiple areas of focus by regulators , governmental agencies and others within the mortgage market that may impact originators , issuers , servicers and investors . there remains significant uncertainty surrounding the nature and extent of any potential exposure for participants in this market . 182 goldman sachs 2013 annual report .
Question: in billions for the years december 2013 and december 2012 , what was total commitments to invest in funds managed by the firm?
Answer: | 11.69 |
FINQA3854 | Please answer the given financial question based on the context.
Context: illumina , inc . notes to consolidated financial statements 2014 ( continued ) advertising costs the company expenses advertising costs as incurred . advertising costs were approximately $ 440000 for 2003 , $ 267000 for 2002 and $ 57000 for 2001 . income taxes a deferred income tax asset or liability is computed for the expected future impact of differences between the financial reporting and tax bases of assets and liabilities , as well as the expected future tax benefit to be derived from tax loss and credit carryforwards . deferred income tax expense is generally the net change during the year in the deferred income tax asset or liability . valuation allowances are established when realizability of deferred tax assets is uncertain . the effect of tax rate changes is reflected in tax expense during the period in which such changes are enacted . foreign currency translation the functional currencies of the company 2019s wholly owned subsidiaries are their respective local currencies . accordingly , all balance sheet accounts of these operations are translated to u.s . dollars using the exchange rates in effect at the balance sheet date , and revenues and expenses are translated using the average exchange rates in effect during the period . the gains and losses from foreign currency translation of these subsidiaries 2019 financial statements are recorded directly as a separate component of stockholders 2019 equity under the caption 2018 2018accumulated other comprehensive income . 2019 2019 stock-based compensation at december 28 , 2003 , the company has three stock-based employee and non-employee director compensation plans , which are described more fully in note 5 . as permitted by sfas no . 123 , accounting for stock-based compensation , the company accounts for common stock options granted , and restricted stock sold , to employees , founders and directors using the intrinsic value method and , thus , recognizes no compensation expense for options granted , or restricted stock sold , with exercise prices equal to or greater than the fair value of the company 2019s common stock on the date of the grant . the company has recorded deferred stock compensation related to certain stock options , and restricted stock , which were granted prior to the company 2019s initial public offering with exercise prices below estimated fair value ( see note 5 ) , which is being amortized on an accelerated amortiza- tion methodology in accordance with financial accounting standards board interpretation number ( 2018 2018fin 2019 2019 ) 28 . pro forma information regarding net loss is required by sfas no . 123 and has been determined as if the company had accounted for its employee stock options and employee stock purchases under the fair value method of that statement . the fair value for these options was estimated at the dates of grant using the fair value option pricing model ( black scholes ) with the following weighted-average assumptions for 2003 , 2002 and 2001 : year ended year ended year ended december 28 , december 29 , december 30 , 2003 2002 2001 weighted average risk-free interest rate******* 3.03% ( 3.03 % ) 3.73% ( 3.73 % ) 4.65% ( 4.65 % ) expected dividend yield********************* 0% ( 0 % ) 0% ( 0 % ) 0% ( 0 % ) weighted average volatility ****************** 103% ( 103 % ) 104% ( 104 % ) 119% ( 119 % ) estimated life ( in years ) ********************** 5 5 5 .
||year ended december 28 2003|year ended december 29 2002|year ended december 30 2001|
|weighted average risk-free interest rate|3.03% ( 3.03 % )|3.73% ( 3.73 % )|4.65% ( 4.65 % )|
|expected dividend yield|0% ( 0 % )|0% ( 0 % )|0% ( 0 % )|
|weighted average volatility|103% ( 103 % )|104% ( 104 % )|119% ( 119 % )|
|estimated life ( in years )|5|5|5|
|weighted average fair value of options granted|$ 3.31|$ 4.39|$ 7.51|
.
Question: what was the change in advertising costs from 2002 to 2003?
Answer: | 173000.0 |
FINQA3855 | Please answer the given financial question based on the context.
Context: hologic , inc . notes to consolidated financial statements ( continued ) ( in thousands , except per share data ) future debt principal payments under these debt arrangements are approximately as follows: .
|fiscal 2008|$ 1977|
|fiscal 2009|1977|
|fiscal 2010|1977|
|fiscal 2011|1422|
|fiscal 2012|3846|
|thereafter|2014|
|total|$ 11199|
6 . derivative financial instruments and hedging agreements interest rate swaps in connection with the debt assumed from the aeg acquisition ( see notes 3 and 5 ) , the company acquired interest rate swap contracts used to convert the floating interest-rate component of certain debt obligations to fixed rates . these agreements did not qualify for hedge accounting under statements of financial accounting standards no . 133 , accounting for derivative instruments and hedging activities ( 201csfas 133 201d ) and thus were marked to market each reporting period with the change in fair value recorded to other income ( expense ) , net in the accompanying consolidated statements of income . the company terminated all outstanding interest rate swaps in the fourth quarter of fiscal 2007 which resulted in a gain of $ 75 recorded in consolidated statement of income . forward contracts also in connection with the aeg acquisition , the company assumed certain foreign currency forward contracts to hedge , on a net basis , the foreign currency fluctuations associated with a portion of the aeg 2019s assets and liabilities that were denominated in the us dollar , including inter-company accounts . increases or decreases in the company 2019s foreign currency exposures are partially offset by gains and losses on the forward contracts , so as to mitigate foreign currency transaction gains and losses . the terms of these forward contracts are of a short- term nature ( 6 to 12 months ) . the company does not use forward contracts for trading or speculative purposes . the forward contracts are not designated as cash flow or fair value hedges under sfas no . 133 and do not represent effective hedges . all outstanding forward contracts are marked to market at the end of the period and recorded on the balance sheet at fair value in other current assets and other current liabilities . the changes in fair value from these contracts and from the underlying hedged exposures are generally offsetting were recorded in other income , net in the accompanying consolidated statements of income and these amounts were not material . as of september 29 , 2007 , all of the forward exchange contracts assumed in the aeg acquisition had matured and the company had no forward exchange contracts outstanding . 7 . pension and other employee benefits in conjunction with the may 2 , 2006 acquisition of aeg , the company assumed certain defined benefit pension plans covering the employees of the aeg german subsidiary ( pension benefits ) . on september 29 , 2006 , the fasb issued sfas no . 158 , employers 2019 accounting for defined benefit pension and other postretirement plans , an amendment of fasb statements no . 87 , 88 , 106 and 132 ( r ) ( sfas 158 ) . sfas 158 requires an entity to recognize in its statement of financial position an asset for a defined benefit postretirement .
Question: what is the sum of future debt payments for the next three years?
Answer: | 5931.0 |
FINQA3856 | Please answer the given financial question based on the context.
Context: entergy corporation and subsidiaries notes to financial statements liability to $ 60 million , and recorded the $ 2.7 million difference as a credit to interest expense . the $ 60 million remaining liability was eliminated upon payment of the cash portion of the purchase price . as of december 31 , 2016 , entergy louisiana , in connection with the waterford 3 lease obligation , had a future minimum lease payment ( reflecting an interest rate of 8.09% ( 8.09 % ) ) of $ 57.5 million , including $ 2.3 million in interest , due january 2017 that is recorded as long-term debt . in february 2017 the leases were terminated and the leased assets were conveyed to entergy louisiana . grand gulf lease obligations in 1988 , in two separate but substantially identical transactions , system energy sold and leased back undivided ownership interests in grand gulf for the aggregate sum of $ 500 million . the initial term of the leases expired in july 2015 . system energy renewed the leases for fair market value with renewal terms expiring in july 2036 . at the end of the new lease renewal terms , system energy has the option to repurchase the leased interests in grand gulf or renew the leases at fair market value . in the event that system energy does not renew or purchase the interests , system energy would surrender such interests and their associated entitlement of grand gulf 2019s capacity and energy . system energy is required to report the sale-leaseback as a financing transaction in its financial statements . for financial reporting purposes , system energy expenses the interest portion of the lease obligation and the plant depreciation . however , operating revenues include the recovery of the lease payments because the transactions are accounted for as a sale and leaseback for ratemaking purposes . consistent with a recommendation contained in a ferc audit report , system energy initially recorded as a net regulatory asset the difference between the recovery of the lease payments and the amounts expensed for interest and depreciation and continues to record this difference as a regulatory asset or liability on an ongoing basis , resulting in a zero net balance for the regulatory asset at the end of the lease term . the amount was a net regulatory liability of $ 55.6 million and $ 55.6 million as of december 31 , 2016 and 2015 , respectively . as of december 31 , 2016 , system energy , in connection with the grand gulf sale and leaseback transactions , had future minimum lease payments ( reflecting an implicit rate of 5.13% ( 5.13 % ) ) that are recorded as long-term debt , as follows : amount ( in thousands ) .
||amount ( in thousands )|
|2017|$ 17188|
|2018|17188|
|2019|17188|
|2020|17188|
|2021|17188|
|years thereafter|257812|
|total|343752|
|less : amount representing interest|309393|
|present value of net minimum lease payments|$ 34359|
.
Question: what are the implicit interest costs for the lease payments due after 2021 , in thousands?
Answer: | 13225.7556 |
FINQA3857 | Please answer the given financial question based on the context.
Context: maturities of debt the scheduled maturities of the outstanding debt balances , excluding debt fair value adjustments as of december 31 , 2014 , are summarized as follows ( in millions ) : .
|year|total|
|2015|$ 2717|
|2016|1684|
|2017|3059|
|2018|2328|
|2019|2819|
|thereafter|28422|
|total|$ 41029|
_______ interest rates , interest rate swaps and contingent debt the weighted average interest rate on all of our borrowings was 5.02% ( 5.02 % ) during 2014 and 5.08% ( 5.08 % ) during 2013 . information on our interest rate swaps is contained in note 13 . for information about our contingent debt agreements , see note 12 . subsequent event subsequent to december 31 , 2014 , additional ep trust i preferred securities were converted , primarily consisting of 969117 ep trust i preferred securities converted on january 14 , 2015 , into ( i ) 697473 of our class p common stock ; ( ii ) approximately $ 24 million in cash ; and ( iii ) 1066028 in warrants . 9 . share-based compensation and employee benefits share-based compensation kinder morgan , inc . class p shares stock compensation plan for non-employee directors we have a stock compensation plan for non-employee directors , in which our eligible non-employee directors participate . the plan recognizes that the compensation paid to each eligible non-employee director is fixed by our board , generally annually , and that the compensation is payable in cash . pursuant to the plan , in lieu of receiving some or all of the cash compensation , each eligible non-employee director may elect to receive shares of class p common stock . each election will be generally at or around the first board meeting in january of each calendar year and will be effective for the entire calendar year . an eligible director may make a new election each calendar year . the total number of shares of class p common stock authorized under the plan is 250000 . during 2014 , 2013 and 2012 , we made restricted class p common stock grants to our non-employee directors of 6210 , 5710 and 5520 , respectively . these grants were valued at time of issuance at $ 220000 , $ 210000 and $ 185000 , respectively . all of the restricted stock grants made to non-employee directors vest during a six-month period . table of contents .
Question: what percentage of total maturities of debt come due prior to 2019?
Answer: | 0.30727 |
FINQA3858 | Please answer the given financial question based on the context.
Context: apple inc . | 2017 form 10-k | 20 company stock performance the following graph shows a comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 index , the s&p information technology index and the dow jones u.s . technology supersector index for the five years ended september 30 , 2017 . the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 index , the s&p information technology index and the dow jones u.s . technology supersector index as of the market close on september 28 , 2012 . note that historic stock price performance is not necessarily indicative of future stock price performance . * $ 100 invested on 9/28/12 in stock or index , including reinvestment of dividends . data points are the last day of each fiscal year for the company 2019s common stock and september 30th for indexes . copyright a9 2017 s&p , a division of mcgraw hill financial . all rights reserved . copyright a9 2017 dow jones & co . all rights reserved . september september september september september september .
||september2012|september2013|september2014|september2015|september2016|september2017|
|apple inc .|$ 100|$ 74|$ 111|$ 128|$ 129|$ 179|
|s&p 500 index|$ 100|$ 119|$ 143|$ 142|$ 164|$ 194|
|s&p information technology index|$ 100|$ 107|$ 138|$ 141|$ 173|$ 223|
|dow jones u.s . technology supersector index|$ 100|$ 105|$ 137|$ 137|$ 167|$ 214|
.
Question: what was the change in the dow jones technology index between 2016 and 2017?
Answer: | 47.0 |
FINQA3859 | Please answer the given financial question based on the context.
Context: the breakdown of aes 2019s gross margin for the years ended december 31 , 2000 and 1999 , based on the geographic region in which they were earned , is set forth below. .
|north america|2000 $ 844 million|% ( % ) of revenue 25% ( 25 % )|1999 $ 649 million|% ( % ) of revenue 32% ( 32 % )|% ( % ) change 30% ( 30 % )|
|south america|$ 416 million|36% ( 36 % )|$ 232 million|28% ( 28 % )|79% ( 79 % )|
|caribbean*|$ 226 million|21% ( 21 % )|$ 75 million|24% ( 24 % )|201% ( 201 % )|
|europe/africa|$ 371 million|29% ( 29 % )|$ 124 million|29% ( 29 % )|199% ( 199 % )|
|asia|$ 138 million|22% ( 22 % )|$ 183 million|37% ( 37 % )|( 26% ( 26 % ) )|
* includes venezuela and colombia . selling , general and administrative expenses selling , general and administrative expenses increased $ 11 million , or 15% ( 15 % ) , to $ 82 million in 2000 from $ 71 million in 1999 . selling , general and administrative expenses as a percentage of revenues remained constant at 1% ( 1 % ) in both 2000 and 1999 . the increase is due to an increase in business development activities . interest expense , net net interest expense increased $ 506 million , or 80% ( 80 % ) , to $ 1.1 billion in 2000 from $ 632 million in 1999 . interest expense as a percentage of revenues remained constant at 15% ( 15 % ) in both 2000 and 1999 . interest expense increased primarily due to the interest at new businesses , including drax , tiete , cilcorp and edc , as well as additional corporate interest costs resulting from the senior debt and convertible securities issued within the past two years . other income , net other income increased $ 16 million , or 107% ( 107 % ) , to $ 31 million in 2000 from $ 15 million in 1999 . other income includes foreign currency transaction gains and losses as well as other non-operating income . the increase in other income is due primarily to a favorable legal judgment and the sale of development projects . severance and transaction costs during the fourth quarter of 2000 , the company incurred approximately $ 79 million of transaction and contractual severance costs related to the acquisition of ipalco . gain on sale of assets during 2000 , ipalco sold certain assets ( 2018 2018thermal assets 2019 2019 ) for approximately $ 162 million . the transaction resulted in a gain to the company of approximately $ 31 million . of the net proceeds , $ 88 million was used to retire debt specifically assignable to the thermal assets . during 1999 , the company recorded a $ 29 million gain ( before extraordinary loss ) from the buyout of its long-term power sales agreement at placerita . the company received gross proceeds of $ 110 million which were offset by transaction related costs of $ 19 million and an impairment loss of $ 62 million to reduce the carrying value of the electric generation assets to their estimated fair value after termination of the contract . the estimated fair value was determined by an independent appraisal . concurrent with the buyout of the power sales agreement , the company repaid the related non-recourse debt prior to its scheduled maturity and recorded an extraordinary loss of $ 11 million , net of income taxes. .
Question: for 2000 , what is the implied revenue for the north america segment based on the margin , in millions ? \\n
Answer: | 3376.0 |
FINQA3860 | Please answer the given financial question based on the context.
Context: notes to consolidated financial statements note 9 . collateralized agreements and financings collateralized agreements are securities purchased under agreements to resell ( resale agreements or reverse repurchase agreements ) and securities borrowed . collateralized financings are securities sold under agreements to repurchase ( repurchase agreements ) , securities loaned and other secured financings . the firm enters into these transactions in order to , among other things , facilitate client activities , invest excess cash , acquire securities to cover short positions and finance certain firm activities . collateralized agreements and financings are presented on a net-by-counterparty basis when a legal right of setoff exists . interest on collateralized agreements and collateralized financings is recognized over the life of the transaction and included in 201cinterest income 201d and 201cinterest expense , 201d respectively . see note 23 for further information about interest income and interest expense . the table below presents the carrying value of resale and repurchase agreements and securities borrowed and loaned transactions. .
|in millions|as of december 2012|as of december 2011|
|securities purchased under agreements toresell1|$ 141334|$ 187789|
|securities borrowed2|136893|153341|
|securities sold under agreements torepurchase1|171807|164502|
|securitiesloaned2|13765|7182|
in millions 2012 2011 securities purchased under agreements to resell 1 $ 141334 $ 187789 securities borrowed 2 136893 153341 securities sold under agreements to repurchase 1 171807 164502 securities loaned 2 13765 7182 1 . substantially all resale and repurchase agreements are carried at fair value under the fair value option . see note 8 for further information about the valuation techniques and significant inputs used to determine fair value . 2 . as of december 2012 and december 2011 , $ 38.40 billion and $ 47.62 billion of securities borrowed , and $ 1.56 billion and $ 107 million of securities loaned were at fair value , respectively . resale and repurchase agreements a resale agreement is a transaction in which the firm purchases financial instruments from a seller , typically in exchange for cash , and simultaneously enters into an agreement to resell the same or substantially the same financial instruments to the seller at a stated price plus accrued interest at a future date . a repurchase agreement is a transaction in which the firm sells financial instruments to a buyer , typically in exchange for cash , and simultaneously enters into an agreement to repurchase the same or substantially the same financial instruments from the buyer at a stated price plus accrued interest at a future date . the financial instruments purchased or sold in resale and repurchase agreements typically include u.s . government and federal agency , and investment-grade sovereign obligations . the firm receives financial instruments purchased under resale agreements , makes delivery of financial instruments sold under repurchase agreements , monitors the market value of these financial instruments on a daily basis , and delivers or obtains additional collateral due to changes in the market value of the financial instruments , as appropriate . for resale agreements , the firm typically requires delivery of collateral with a fair value approximately equal to the carrying value of the relevant assets in the consolidated statements of financial condition . even though repurchase and resale agreements involve the legal transfer of ownership of financial instruments , they are accounted for as financing arrangements because they require the financial instruments to be repurchased or resold at the maturity of the agreement . however , 201crepos to maturity 201d are accounted for as sales . a repo to maturity is a transaction in which the firm transfers a security under an agreement to repurchase the security where the maturity date of the repurchase agreement matches the maturity date of the underlying security . therefore , the firm effectively no longer has a repurchase obligation and has relinquished control over the underlying security and , accordingly , accounts for the transaction as a sale . the firm had no repos to maturity outstanding as of december 2012 or december 2011 . 152 goldman sachs 2012 annual report .
Question: what was the change in millions of securities sold under agreements to repurchase between 2011 and 2012?
Answer: | 7305.0 |
FINQA3861 | Please answer the given financial question based on the context.
Context: fidelity national information services , inc . and subsidiaries notes to consolidated financial statements - ( continued ) the following summarizes the aggregate maturities of our debt and capital leases on stated contractual maturities , excluding unamortized non-cash bond premiums and discounts net of $ 30 million as of december 31 , 2017 ( in millions ) : .
||total|
|2018|$ 1045|
|2019|44|
|2020|1157|
|2021|1546|
|2022|705|
|thereafter|4349|
|total principal payments|8846|
|debt issuance costs net of accumulated amortization|-53 ( 53 )|
|total long-term debt|$ 8793|
there are no mandatory principal payments on the revolving loan and any balance outstanding on the revolving loan will be due and payable at its scheduled maturity date , which occurs at august 10 , 2021 . fis may redeem the 2018 notes , 2020 notes , 2021 notes , 2021 euro notes , 2022 notes , 2022 gbp notes , 2023 notes , 2024 notes , 2024 euro notes , 2025 notes , 2026 notes , and 2046 notes at its option in whole or in part , at any time and from time to time , at a redemption price equal to the greater of 100% ( 100 % ) of the principal amount to be redeemed and a make-whole amount calculated as described in the related indenture in each case plus accrued and unpaid interest to , but excluding , the date of redemption , provided no make-whole amount will be paid for redemptions of the 2020 notes , the 2021 notes , the 2021 euro notes and the 2022 gbp notes during the one month prior to their maturity , the 2022 notes during the two months prior to their maturity , the 2023 notes , the 2024 notes , the 2024 euro notes , the 2025 notes , and the 2026 notes during the three months prior to their maturity , and the 2046 notes during the six months prior to their maturity . debt issuance costs of $ 53 million , net of accumulated amortization , remain capitalized as of december 31 , 2017 , related to all of the above outstanding debt . we monitor the financial stability of our counterparties on an ongoing basis . the lender commitments under the undrawn portions of the revolving loan are comprised of a diversified set of financial institutions , both domestic and international . the failure of any single lender to perform its obligations under the revolving loan would not adversely impact our ability to fund operations . the fair value of the company 2019s long-term debt is estimated to be approximately $ 156 million higher than the carrying value as of december 31 , 2017 . this estimate is based on quoted prices of our senior notes and trades of our other debt in close proximity to december 31 , 2017 , which are considered level 2-type measurements . this estimate is subjective in nature and involves uncertainties and significant judgment in the interpretation of current market data . therefore , the values presented are not necessarily indicative of amounts the company could realize or settle currently. .
Question: what portion of the total long-term debt is reported in the current liabilities section of the balance sheet as of december 31 , 2017?
Answer: | 0.11884 |
FINQA3862 | Please answer the given financial question based on the context.
Context: repatriated , the related u.s . tax liability may be reduced by any foreign income taxes paid on these earnings . as of november 30 , 2012 , the cumulative amount of earnings upon which u.s . income taxes have not been provided is approximately $ 2.9 billion . the unrecognized deferred tax liability for these earnings is approximately $ 0.8 billion . as of november 30 , 2012 , we have u.s . net operating loss carryforwards of approximately $ 33.7 million for federal and $ 77.7 million for state . we also have federal , state and foreign tax credit carryforwards of approximately $ 1.9 million , $ 18.0 million and $ 17.6 million , respectively . the net operating loss carryforward assets , federal tax credits and foreign tax credits will expire in various years from fiscal 2017 through 2032 . the state tax credit carryforwards can be carried forward indefinitely . the net operating loss carryforward assets and certain credits are subject to an annual limitation under internal revenue code section 382 , but are expected to be fully realized . in addition , we have been tracking certain deferred tax attributes of $ 45.0 million which have not been recorded in the financial statements pursuant to accounting standards related to stock-based compensation . these amounts are no longer included in our gross or net deferred tax assets . pursuant to these standards , the benefit of these deferred tax assets will be recorded to equity if and when they reduce taxes payable . as of november 30 , 2012 , a valuation allowance of $ 28.2 million has been established for certain deferred tax assets related to the impairment of investments and certain foreign assets . for fiscal 2012 , the total change in the valuation allowance was $ 23.0 million , of which $ 2.1 million was recorded as a tax benefit through the income statement . accounting for uncertainty in income taxes during fiscal 2012 and 2011 , our aggregate changes in our total gross amount of unrecognized tax benefits are summarized as follows ( in thousands ) : .
||2012|2011|
|beginning balance|$ 163607|$ 156925|
|gross increases in unrecognized tax benefits 2013 prior year tax positions|1038|11901|
|gross decreases in unrecognized tax benefits 2013 prior year tax positions|2014|-4154 ( 4154 )|
|gross increases in unrecognized tax benefits 2013 current year tax positions|23771|32420|
|settlements with taxing authorities|-1754 ( 1754 )|-29101 ( 29101 )|
|lapse of statute of limitations|-25387 ( 25387 )|-3825 ( 3825 )|
|foreign exchange gains and losses|-807 ( 807 )|-559 ( 559 )|
|ending balance|$ 160468|$ 163607|
as of november 30 , 2012 , the combined amount of accrued interest and penalties related to tax positions taken on our tax returns and included in non-current income taxes payable was approximately $ 12.5 million . we file income tax returns in the u.s . on a federal basis and in many u.s . state and foreign jurisdictions . we are subject to the continual examination of our income tax returns by the irs and other domestic and foreign tax authorities . our major tax jurisdictions are the u.s. , ireland and california . for california , ireland and the u.s. , the earliest fiscal years open for examination are 2005 , 2006 and 2008 , respectively . we regularly assess the likelihood of outcomes resulting from these examinations to determine the adequacy of our provision for income taxes and have reserved for potential adjustments that may result from the current examinations . we believe such estimates to be reasonable ; however , there can be no assurance that the final determination of any of these examinations will not have an adverse effect on our operating results and financial position . in august 2011 , a canadian income tax examination covering our fiscal years 2005 through 2008 was completed . our accrued tax and interest related to these years was approximately $ 35 million and was previously reported in long-term income taxes payable . we reclassified approximately $ 17 million to short-term income taxes payable and decreased deferred tax assets by approximately $ 18 million in conjunction with the aforementioned resolution . the timing of the resolution of income tax examinations is highly uncertain as are the amounts and timing of tax payments that are part of any audit settlement process . these events could cause large fluctuations in the balance sheet classification of current and non-current assets and liabilities . the company believes that before the end of fiscal 2013 , it is reasonably possible table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) .
Question: for fiscal 2012 , what percent of the total change in the valuation allowance was recorded as a tax benefit through the income statement?\\n
Answer: | 0.0913 |
FINQA3863 | 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: in the fourth quarter of 2008 what was the percent of the shares bought in october
Answer: | 0.49536 |
FINQA3864 | Please answer the given financial question based on the context.
Context: operating expenses millions 2014 2013 2012 % ( % ) change 2014 v 2013 % ( % ) change 2013 v 2012 .
|millions|2014|2013|2012|% ( % ) change 2014 v 2013|% ( % ) change 2013 v 2012|
|compensation and benefits|$ 5076|$ 4807|$ 4685|6% ( 6 % )|3% ( 3 % )|
|fuel|3539|3534|3608|-|-2 ( 2 )|
|purchased services and materials|2558|2315|2143|10|8|
|depreciation|1904|1777|1760|7|1|
|equipment and other rents|1234|1235|1197|-|3|
|other|924|849|788|9|8|
|total|$ 15235|$ 14517|$ 14181|5% ( 5 % )|2% ( 2 % )|
operating expenses increased $ 718 million in 2014 versus 2013 . volume-related expenses , incremental costs associated with operating a slower network , depreciation , wage and benefit inflation , and locomotive and freight car materials contributed to the higher costs . lower fuel price partially offset these increases . in addition , there were approximately $ 35 million of weather related costs in the first quarter of operating expenses increased $ 336 million in 2013 versus 2012 . wage and benefit inflation , new logistics management fees and container costs for our automotive business , locomotive overhauls , property taxes and repairs on jointly owned property contributed to higher expenses during the year . lower fuel prices partially offset the cost increases . compensation and benefits 2013 compensation and benefits include wages , payroll taxes , health and welfare costs , pension costs , other postretirement benefits , and incentive costs . volume-related expenses , including training , and a slower network increased our train and engine work force , which , along with general wage and benefit inflation , drove increased wages . weather-related costs in the first quarter of 2014 also increased costs . general wages and benefits inflation , including increased pension and other postretirement benefits , and higher work force levels drove the increases in 2013 versus 2012 . the impact of ongoing productivity initiatives partially offset these increases . fuel 2013 fuel includes locomotive fuel and gasoline for highway and non-highway vehicles and heavy equipment . volume growth of 7% ( 7 % ) , as measured by gross ton-miles , drove the increase in fuel expense . this was essentially offset by lower locomotive diesel fuel prices , which averaged $ 2.97 per gallon ( including taxes and transportation costs ) in 2014 , compared to $ 3.15 in 2013 , along with a slight improvement in fuel consumption rate , computed as gallons of fuel consumed divided by gross ton-miles . lower locomotive diesel fuel prices , which averaged $ 3.15 per gallon ( including taxes and transportation costs ) in 2013 , compared to $ 3.22 in 2012 , decreased expenses by $ 75 million . volume , as measured by gross ton-miles , decreased 1% ( 1 % ) while the fuel consumption rate , computed as gallons of fuel consumed divided by gross ton-miles , increased 2% ( 2 % ) compared to 2012 . declines in heavier , more fuel-efficient coal shipments drove the variances in gross-ton-miles and the fuel consumption rate . purchased services and materials 2013 expense for purchased services and materials includes the costs of services purchased from outside contractors and other service providers ( including equipment maintenance and contract expenses incurred by our subsidiaries for external transportation services ) ; materials used to maintain the railroad 2019s lines , structures , and equipment ; costs of operating facilities jointly used by uprr and other railroads ; transportation and lodging for train crew employees ; trucking and contracting costs for intermodal containers ; leased automobile maintenance expenses ; and tools and supplies . expenses for purchased services increased 8% ( 8 % ) compared to 2013 primarily due to volume- 2014 operating expenses .
Question: what would total 2015 operating expenses be if they grow at the same rate as 2014 volume growth , in millions?
Answer: | 15235.07 |
FINQA3865 | Please answer the given financial question based on the context.
Context: item 1b . unresolved staff comments item 2 . properties we employ a variety of assets in the management and operation of our rail business . our rail network covers 23 states in the western two-thirds of the u.s . our rail network includes 31974 route miles . we own 26012 miles and operate on the remainder pursuant to trackage rights or leases . the following table describes track miles at december 31 , 2014 and 2013 . 2014 2013 .
||2014|2013|
|route|31974|31838|
|other main line|6943|6766|
|passing lines and turnouts|3197|3167|
|switching and classification yard lines|9058|9090|
|total miles|51172|50861|
headquarters building we own our headquarters building in omaha , nebraska . the facility has 1.2 million square feet of space for approximately 4000 employees. .
Question: assuming an average prison cell is 230 square feet , do the headquarters employees have more space than the average prisoner?
Answer: | no |
FINQA3866 | Please answer the given financial question based on the context.
Context: contractual obligations we summarize our enforceable and legally binding contractual obligations at september 30 , 2018 , and the effect these obligations are expected to have on our liquidity and cash flow in future periods in the following table . certain amounts in this table are based on management fffds estimates and assumptions about these obligations , including their duration , the possibility of renewal , anticipated actions by third parties and other factors , including estimated minimum pension plan contributions and estimated benefit payments related to postretirement obligations , supplemental retirement plans and deferred compensation plans . because these estimates and assumptions are subjective , the enforceable and legally binding obligations we actually pay in future periods may vary from those presented in the table. .
|( in millions )|payments due by period total|payments due by period fiscal 2019|payments due by period fiscal 2020and 2021|payments due by period fiscal 2022and 2023|payments due by period thereafter|
|long-term debt including current portionexcluding capital lease obligations ( 1 )|$ 6039.0|$ 726.6|$ 824.8|$ 1351.0|$ 3136.6|
|operating lease obligations ( 2 )|615.8|132.1|199.9|118.4|165.4|
|capital lease obligations ( 3 )|152.5|5.0|6.7|2.7|138.1|
|purchase obligations and other ( 4 ) ( 5 ) ( 6 )|2210.5|1676.6|224.1|114.9|194.9|
|total|$ 9017.8|$ 2540.3|$ 1255.5|$ 1587.0|$ 3635.0|
( 1 ) includes only principal payments owed on our debt assuming that all of our long-term debt will be held to maturity , excluding scheduled payments . we have excluded $ 205.2 million of fair value of debt step-up , deferred financing costs and unamortized bond discounts from the table to arrive at actual debt obligations . see fffdnote 13 . debt fffd fffd of the notes to consolidated financial statements for information on the interest rates that apply to our various debt instruments . ( 2 ) see fffdnote 14 . operating leases fffd of the notes to consolidated financial statements for additional information . ( 3 ) the fair value step-up of $ 18.5 million is excluded . see fffdnote 13 . debt fffd fffd capital lease and other indebtednesstt fffd of the notes to consolidated financial statements for additional information . ( 4 ) purchase obligations include agreements to purchase goods or services that are enforceable and legally binding and that specify all significant terms , including : fixed or minimum quantities to be purchased ; fixed , minimum or variable price provision ; and the approximate timing of the transaction . purchase obligations exclude agreements that are cancelable without penalty . ( 5 ) we have included in the table future estimated minimum pension plan contributions and estimated benefit payments related to postretirement obligations , supplemental retirement plans and deferred compensation plans . our estimates are based on factors , such as discount rates and expected returns on plan assets . future contributions are subject to changes in our underfunded status based on factors such as investment performance , discount rates , returns on plan assets and changes in legislation . it is possible that our assumptions may change , actual market performance may vary or we may decide to contribute different amounts . we have excluded $ 247.8 million of multiemployer pension plan withdrawal liabilities recorded as of september 30 , 2018 due to lack of definite payout terms for certain of the obligations . see fffdnote 4 . retirement plans fffd multiemployer plans fffd of the notes to consolidated financial statements for additional information . ( 6 ) we have not included the following items in the table : fffd an item labeled fffdother long-term liabilities fffd reflected on our consolidated balance sheet because these liabilities do not have a definite pay-out scheme . fffd $ 158.4 million from the line item fffdpurchase obligations and other fffd for certain provisions of the financial accounting standards board fffds ( fffdfasb fffd ) accounting standards codification ( fffdasc fffd ) 740 , fffdincome taxes fffd associated with liabilities for uncertain tax positions due to the uncertainty as to the amount and timing of payment , if any . in addition to the enforceable and legally binding obligations presented in the table above , we have other obligations for goods and services and raw materials entered into in the normal course of business . these contracts , however , are subject to change based on our business decisions . expenditures for environmental compliance see item 1 . fffdbusiness fffd fffd governmental regulation fffd environmental and other matters fffd , fffdbusiness fffd fffd governmental regulation fffd cercla and other remediation costs fffd , and fffd fffdbusiness fffd fffd governmental regulation fffd climate change fffd for a discussion of our expenditures for environmental compliance. .
Question: what percent of payments is longterm debt?
Answer: | 0.66968 |
FINQA3867 | Please answer the given financial question based on the context.
Context: echostar communications corporation notes to consolidated financial statements - continued closing price of the class a common stock on the last business day of each calendar quarter in which such shares of class a common stock are deemed sold to an employee under the espp . the espp shall terminate upon the first to occur of ( i ) october 1 , 2007 or ( ii ) the date on which the espp is terminated by the board of directors . during 2000 , 2001 and 2002 employees purchased approximately 58000 ; 80000 and 108000 shares of class a common stock through the espp , respectively . 401 ( k ) employee savings plan echostar sponsors a 401 ( k ) employee savings plan ( the 201c401 ( k ) plan 201d ) for eligible employees . voluntary employee contributions to the 401 ( k ) plan may be matched 50% ( 50 % ) by echostar , subject to a maximum annual contribution by echostar of $ 1000 per employee . matching 401 ( k ) contributions totaled approximately $ 1.6 million , $ 2.1 million and $ 2.4 million during the years ended december 31 , 2000 , 2001 and 2002 , respectively . echostar also may make an annual discretionary contribution to the plan with approval by echostar 2019s board of directors , subject to the maximum deductible limit provided by the internal revenue code of 1986 , as amended . these contributions may be made in cash or in echostar stock . forfeitures of unvested participant balances which are retained by the 401 ( k ) plan may be used to fund matching and discretionary contributions . expense recognized relating to discretionary contributions was approximately $ 7 million , $ 225 thousand and $ 17 million during the years ended december 31 , 2000 , 2001 and 2002 , respectively . 9 . commitments and contingencies leases future minimum lease payments under noncancelable operating leases as of december 31 , 2002 , are as follows ( in thousands ) : year ending december 31 .
|2003|$ 17274|
|2004|14424|
|2005|11285|
|2006|7698|
|2007|3668|
|thereafter|1650|
|total minimum lease payments|55999|
total rent expense for operating leases approximated $ 9 million , $ 14 million and $ 16 million in 2000 , 2001 and 2002 , respectively . purchase commitments as of december 31 , 2002 , echostar 2019s purchase commitments totaled approximately $ 359 million . the majority of these commitments relate to echostar receiver systems and related components . all of the purchases related to these commitments are expected to be made during 2003 . echostar expects to finance these purchases from existing unrestricted cash balances and future cash flows generated from operations . patents and intellectual property many entities , including some of echostar 2019s competitors , now have and may in the future obtain patents and other intellectual property rights that cover or affect products or services directly or indirectly related to those that echostar offers . echostar may not be aware of all patents and other intellectual property rights that its products may potentially infringe . damages in patent infringement cases can include a tripling of actual damages in certain cases . further , echostar cannot estimate the extent to which it may be required in the future to obtain licenses with respect to .
Question: are the commitments to acquire echostar receiver systems and related components greater than the commitments for future lease payments?
Answer: | yes |
FINQA3868 | Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis net revenues in equities were $ 8.21 billion for 2012 , essentially unchanged compared with 2011 . net revenues in securities services were significantly higher compared with 2011 , reflecting a gain of $ 494 million on the sale of our hedge fund administration business . in addition , equities client execution net revenues were higher than 2011 , primarily reflecting significantly higher results in cash products , principally due to increased levels of client activity . these increases were offset by lower commissions and fees , reflecting declines in the united states , europe and asia . our average daily volumes during 2012 were lower in each of these regions compared with 2011 , consistent with listed cash equity market volumes . during 2012 , equities operated in an environment generally characterized by an increase in global equity prices and lower volatility levels . the net loss attributable to the impact of changes in our own credit spreads on borrowings for which the fair value option was elected was $ 714 million ( $ 433 million and $ 281 million related to fixed income , currency and commodities client execution and equities client execution , respectively ) for 2012 , compared with a net gain of $ 596 million ( $ 399 million and $ 197 million related to fixed income , currency and commodities client execution and equities client execution , respectively ) for 2011 . during 2012 , institutional client services operated in an environment generally characterized by continued broad market concerns and uncertainties , although positive developments helped to improve market conditions . these developments included certain central bank actions to ease monetary policy and address funding risks for european financial institutions . in addition , the u.s . economy posted stable to improving economic data , including favorable developments in unemployment and housing . these improvements resulted in tighter credit spreads , higher global equity prices and lower levels of volatility . however , concerns about the outlook for the global economy and continued political uncertainty , particularly the political debate in the united states surrounding the fiscal cliff , generally resulted in client risk aversion and lower activity levels . also , uncertainty over financial regulatory reform persisted . operating expenses were $ 12.48 billion for 2012 , 3% ( 3 % ) lower than 2011 , primarily due to lower brokerage , clearing , exchange and distribution fees , and lower impairment charges , partially offset by higher net provisions for litigation and regulatory proceedings . pre- tax earnings were $ 5.64 billion in 2012 , 27% ( 27 % ) higher than 2011 . investing & lending investing & lending includes our investing activities and the origination of loans to provide financing to clients . these investments , some of which are consolidated , and loans are typically longer-term in nature . we make investments , 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 2013|year ended december 2012|year ended december 2011|
|equity securities|$ 3930|$ 2800|$ 603|
|debt securities and loans|1947|1850|96|
|other|1141|1241|1443|
|total net revenues|7018|5891|2142|
|operating expenses|2684|2666|2673|
|pre-tax earnings/ ( loss )|$ 4334|$ 3225|$ -531 ( 531 )|
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 . if equity markets decline or credit spreads widen , net revenues in investing & lending would likely be negatively impacted . operating expenses were $ 2.68 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 . 52 goldman sachs 2013 annual report .
Question: pre-tax earnings were $ 4.33 billion in 2013 , what were they in billions in 2012?
Answer: | 2.8578 |
FINQA3869 | Please answer the given financial question based on the context.
Context: we currently maintain a corporate commercial paper program , unrelated to the conduits 2019 asset-backed commercial paper program , under which we can issue up to $ 3 billion with original maturities of up to 270 days from the date of issue . at december 31 , 2009 , we had $ 2.78 billion of commercial paper outstanding , compared to $ 2.59 billion at december 31 , 2008 . additional information about our corporate commercial paper program is provided in note 8 of the notes to consolidated financial statements included under item 8 . in connection with our participation in the fdic 2019s temporary liquidity guarantee program , or tlgp , in which we elected to participate in december 2008 , the parent company was eligible to issue up to approximately $ 1.67 billion of unsecured senior debt during 2009 , backed by the full faith and credit of the united states . as of december 31 , 2009 , the parent company 2019s outstanding unsecured senior debt issued under the tlgp was $ 1.5 billion . additional information with respect to this outstanding debt is provided in note 9 of the notes to consolidated financial statements included under item 8 . the guarantee of this outstanding debt under the tlgp expires on april 30 , 2012 , the maturity date of the debt . state street bank currently has board authority to issue bank notes up to an aggregate of $ 5 billion , and up to $ 1 billion of subordinated bank notes . in connection with state street bank 2019s participation in the tlgp , in which state street bank elected to participate in december 2008 , state street bank was eligible to issue up to approximately $ 2.48 billion of unsecured senior notes during 2009 , backed by the full faith and credit of the united states . as of december 31 , 2009 , state street bank 2019s outstanding unsecured senior notes issued under the tlgp , and pursuant to the aforementioned board authority , totaled $ 2.45 billion . additional information with respect to these outstanding bank notes is provided in note 9 of the notes to consolidated financial statements included under item 8 . the guarantee of state street bank 2019s outstanding debt under the tlgp expires on the maturity date of each respective debt issuance , as follows 2014$ 1 billion on march 15 , 2011 , and $ 1.45 billion on september 15 , 2011 . state street bank currently maintains a line of credit with a financial institution of cad $ 800 million , or approximately $ 761 million as of december 31 , 2009 , to support its canadian securities processing operations . the line of credit has no stated termination date and is cancelable by either party with prior notice . as of december 31 , 2009 , no balance was outstanding on this line of credit . contractual cash obligations .
|as of december 31 2009 ( in millions )|payments due by period total|payments due by period less than 1 year|payments due by period 1-3 years|payments due by period 4-5 years|payments due by period over 5 years|
|long-term debt ( 1 )|$ 10981|$ 529|$ 4561|$ 797|$ 5094|
|operating leases|1033|229|342|240|222|
|capital lease obligations|1151|74|147|145|785|
|total contractual cash obligations|$ 13165|$ 832|$ 5050|$ 1182|$ 6101|
( 1 ) long-term debt excludes capital lease obligations ( reported as a separate line item ) and the effect of interest- rate swaps . interest payments were calculated at the stated rate with the exception of floating-rate debt , for which payments were calculated using the indexed rate in effect on december 31 , 2009 . the obligations presented in the table above are recorded in our consolidated statement of condition at december 31 , 2009 , except for interest on long-term debt . the table does not include obligations which will be settled in cash , primarily in less than one year , such as deposits , federal funds purchased , securities sold under repurchase agreements and other short-term borrowings . additional information about deposits , federal funds purchased , securities sold under repurchase agreements and other short-term borrowings is provided in notes 7 and 8 of the notes to consolidated financial statements included under item 8 . the table does not include obligations related to derivative instruments , because the amounts included in our consolidated statement of condition at december 31 , 2009 related to derivatives do not represent the amounts that may ultimately be paid under the contracts upon settlement . additional information about derivative contracts is provided in note 16 of the notes to consolidated financial statements included under item 8 . we have obligations under pension and other post-retirement benefit plans , more fully described in note 18 of the notes to consolidated financial statements included under item 8 , which are not included in the above table. .
Question: as of december 2009 what was the percent of the total contractual obligations that was due in less than 1 year for long-term debt ( 1 )
Answer: | 0.04817 |
FINQA3870 | Please answer the given financial question based on the context.
Context: 34| | duke realty corporation annual report 2009 property investment we evaluate development and acquisition opportunities based upon market outlook , supply and long-term growth potential . our ability to make future property investments is dependent upon our continued access to our longer-term sources of liquidity including the issuances of debt or equity securities as well as generating cash flow by disposing of selected properties . in light of current economic conditions , management continues to evaluate our investment priorities and is focused on accretive growth . we have continued to operate at a substantially reduced level of new development activity , as compared to recent years , and are focused on the core operations of our existing base of properties . recurring expenditures one of our principal uses of our liquidity is to fund the recurring leasing/capital expenditures of our real estate investments . the following is a summary of our recurring capital expenditures for the years ended december 31 , 2009 , 2008 and 2007 , respectively ( in thousands ) : dividends and distributions we are required to meet the distribution requirements of the internal revenue code of 1986 , as amended ( the 201ccode 201d ) , in order to maintain our reit status . because depreciation and impairments are non-cash expenses , cash flow will typically be greater than operating income . we paid dividends per share of $ 0.76 , $ 1.93 and $ 1.91 for the years ended december 31 , 2009 , 2008 and 2007 , respectively . we expect to continue to distribute at least an amount equal to our taxable earnings , to meet the requirements to maintain our reit status , and additional amounts as determined by our board of directors . distributions are declared at the discretion of our board of directors and are subject to actual cash available for distribution , our financial condition , capital requirements and such other factors as our board of directors deems relevant . at december 31 , 2009 we had six series of preferred shares outstanding . the annual dividend rates on our preferred shares range between 6.5% ( 6.5 % ) and 8.375% ( 8.375 % ) and are paid in arrears quarterly. .
||2009|2008|2007|
|recurring tenant improvements|$ 29321|$ 36885|$ 45296|
|recurring leasing costs|40412|28205|32238|
|building improvements|9321|9724|8402|
|totals|$ 79054|$ 74814|$ 85936|
.
Question: what was the percent of the increase in the dividend from 2007 to 2008
Answer: | 0.01047 |
FINQA3871 | Please answer the given financial question based on the context.
Context: in the fourth quarter of 2002 , aes lost voting control of one of the holding companies in the cemig ownership structure . this holding company indirectly owns the shares related to the cemig investment and indirectly holds the project financing debt related to cemig . as a result of the loss of voting control , aes stopped consolidating this holding company at december 31 , 2002 . other . during the fourth quarter of 2003 , the company sold its 25% ( 25 % ) ownership interest in medway power limited ( 2018 2018mpl 2019 2019 ) , a 688 mw natural gas-fired combined cycle facility located in the united kingdom , and aes medway operations limited ( 2018 2018aesmo 2019 2019 ) , the operating company for the facility , in an aggregate transaction valued at approximately a347 million ( $ 78 million ) . the sale resulted in a gain of $ 23 million which was recorded in continuing operations . mpl and aesmo were previously reported in the contract generation segment . in the second quarter of 2002 , the company sold its investment in empresa de infovias s.a . ( 2018 2018infovias 2019 2019 ) , a telecommunications company in brazil , for proceeds of $ 31 million to cemig , an affiliated company . the loss recorded on the sale was approximately $ 14 million and is recorded as a loss on sale of assets and asset impairment expenses in the accompanying consolidated statements of operations . in the second quarter of 2002 , the company recorded an impairment charge of approximately $ 40 million , after income taxes , on an equity method investment in a telecommunications company in latin america held by edc . the impairment charge resulted from sustained poor operating performance coupled with recent funding problems at the invested company . during 2001 , the company lost operational control of central electricity supply corporation ( 2018 2018cesco 2019 2019 ) , a distribution company located in the state of orissa , india . the state of orissa appointed an administrator to take operational control of cesco . cesco is accounted for as a cost method investment . aes 2019s investment in cesco is negative . in august 2000 , a subsidiary of the company acquired a 49% ( 49 % ) interest in songas for approximately $ 40 million . the company acquired an additional 16.79% ( 16.79 % ) of songas for approximately $ 12.5 million , and the company began consolidating this entity in 2002 . songas owns the songo songo gas-to-electricity project in tanzania . in december 2002 , the company signed a sales purchase agreement to sell 100% ( 100 % ) of our ownership interest in songas . the sale of songas closed in april 2003 ( see note 4 for further discussion of the transaction ) . the following tables present summarized comparative financial information ( in millions ) of the entities in which the company has the ability to exercise significant influence but does not control and that are accounted for using the equity method. .
|as of and for the years ended december 31,|2003|2002 ( 1 )|2001 ( 1 )|
|revenues|$ 2758|$ 2832|$ 6147|
|operating income|1039|695|1717|
|net income|407|229|650|
|current assets|1347|1097|3700|
|noncurrent assets|7479|6751|14942|
|current liabilities|1434|1418|3510|
|noncurrent liabilities|3795|3349|8297|
|stockholder's equity|3597|3081|6835|
( 1 ) includes information pertaining to eletropaulo and light prior to february 2002 . in 2002 and 2001 , the results of operations and the financial position of cemig were negatively impacted by the devaluation of the brazilian real and the impairment charge recorded in 2002 . the brazilian real devalued 32% ( 32 % ) and 19% ( 19 % ) for the years ended december 31 , 2002 and 2001 , respectively. .
Question: what was the percentage change in operating income for entities in which the company has the ability to exercise significant influence but does not control and that are accounted for using the equity method between 2002 and 2003?
Answer: | 0.49496 |
FINQA3872 | Please answer the given financial question based on the context.
Context: item 6 . selected financial data the following table represents our selected financial data . the table should be read in conjunction with item 7 and item 8 of this report . the table below reflects immaterial error corrections discussed in note 2 : summary of significant accounting policies in item 8. .
|( $ in millions except per share amounts )|year ended december 31 2012|year ended december 31 2011|year ended december 31 2010|year ended december 31 2009|year ended december 31 2008|
|sales and service revenues|$ 6708|$ 6575|$ 6723|$ 6292|$ 6189|
|goodwill impairment|2014|290|2014|2014|2465|
|operating income ( loss )|358|100|241|203|-2332 ( 2332 )|
|net earnings ( loss )|146|-100 ( 100 )|131|119|-2397 ( 2397 )|
|total assets|6392|6069|5270|5097|4821|
|long-term debt ( 1 )|1779|1830|105|283|283|
|total long-term obligations|4341|3838|1637|1708|1823|
|free cash flow ( 2 )|170|331|168|-269 ( 269 )|121|
|dividends declared per share|$ 0.10|$ 2014|$ 2014|$ 2014|$ 2014|
|basic earnings ( loss ) per share ( 3 )|$ 2.96|$ -2.05 ( 2.05 )|$ 2.68|$ 2.44|$ -49.14 ( 49.14 )|
|diluted earnings ( loss ) per share ( 3 )|$ 2.91|$ -2.05 ( 2.05 )|$ 2.68|$ 2.44|$ -49.14 ( 49.14 )|
basic earnings ( loss ) per share ( 3 ) $ 2.96 $ ( 2.05 ) $ 2.68 $ 2.44 $ ( 49.14 ) diluted earnings ( loss ) per share ( 3 ) $ 2.91 $ ( 2.05 ) $ 2.68 $ 2.44 $ ( 49.14 ) ( 1 ) long-term debt does not include amounts payable to our former parent as of and before december 31 , 2010 , as these amounts were due upon demand and included in current liabilities . ( 2 ) free cash flow is a non-gaap financial measure and represents cash from operating activities less capital expenditures . see liquidity and capital resources in item 7 for more information on this measure . ( 3 ) on march 30 , 2011 , the record date of the stock distribution associated with the spin-off from northrop grumman , approximately 48.8 million shares of $ 0.01 par value hii common stock were distributed to northrop grumman stockholders . this share amount was utilized for the calculation of basic and diluted earnings ( loss ) per share for the three months ended march 31 , 2011 , and all prior periods , as no common stock of the company existed prior to march 30 , 2011 , and the impact of dilutive securities in the three month period ended march 31 , 2011 , was not meaningful. .
Question: what was the net increase in total assets during the 5 year period ?
Answer: | 1571000000.0 |
FINQA3873 | Please answer the given financial question based on the context.
Context: entergy mississippi , inc . management 2019s financial discussion and analysis plan to spin off the utility 2019s transmission business see the 201cplan to spin off the utility 2019s transmission business 201d section of entergy corporation and subsidiaries management 2019s financial discussion and analysis for a discussion of this matter , including the planned retirement of debt and preferred securities . results of operations net income 2011 compared to 2010 net income increased $ 23.4 million primarily due to a lower effective income tax rate . 2010 compared to 2009 net income increased $ 6.0 million primarily due to higher net revenue and higher other income , partially offset by higher taxes other than income taxes , higher depreciation and amortization expenses , and higher interest expense . net revenue 2011 compared to 2010 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2011 to 2010 . amount ( in millions ) .
||amount ( in millions )|
|2010 net revenue|$ 555.3|
|volume/weather|-4.5 ( 4.5 )|
|transmission equalization|4.5|
|other|-0.4 ( 0.4 )|
|2011 net revenue|$ 554.9|
the volume/weather variance is primarily due to a decrease of 97 gwh in weather-adjusted usage in the residential and commercial sectors and a decrease in sales volume in the unbilled sales period . the transmission equalization variance is primarily due to the addition in 2011 of transmission investments that are subject to equalization . gross operating revenues and fuel and purchased power expenses gross operating revenues increased primarily due to an increase of $ 57.5 million in gross wholesale revenues due to an increase in sales to affiliated customers , partially offset by a decrease of $ 26.9 million in power management rider revenue . fuel and purchased power expenses increased primarily due to an increase in deferred fuel expense as a result of higher fuel revenues due to higher fuel rates , partially offset by a decrease in the average market prices of natural gas and purchased power. .
Question: what was the ratio of the increase in the net income in 2011 compared to 2010
Answer: | 3.9 |
FINQA3874 | Please answer the given financial question based on the context.
Context: note 10 loan sales and securitizations loan sales we sell residential and commercial mortgage loans in loan securitization transactions sponsored by government national mortgage association ( gnma ) , fnma , and fhlmc and in certain instances to other third-party investors . gnma , fnma , and the fhlmc securitize our transferred loans into mortgage-backed securities for sale into the secondary market . generally , we do not retain any interest in the transferred loans other than mortgage servicing rights . refer to note 9 goodwill and other intangible assets for further discussion on our residential and commercial mortgage servicing rights assets . during 2009 , residential and commercial mortgage loans sold totaled $ 19.8 billion and $ 5.7 billion , respectively . during 2008 , commercial mortgage loans sold totaled $ 3.1 billion . there were no residential mortgage loans sales in 2008 as these activities were obtained through our acquisition of national city . our continuing involvement in these loan sales consists primarily of servicing and limited repurchase obligations for loan and servicer breaches in representations and warranties . generally , we hold a cleanup call repurchase option for loans sold with servicing retained to the other third-party investors . in certain circumstances as servicer , we advance principal and interest payments to the gses and other third-party investors and also may make collateral protection advances . our risk of loss in these servicing advances has historically been minimal . we maintain a liability for estimated losses on loans expected to be repurchased as a result of breaches in loan and servicer representations and warranties . we have also entered into recourse arrangements associated with commercial mortgage loans sold to fnma and fhlmc . refer to note 25 commitments and guarantees for further discussion on our repurchase liability and recourse arrangements . our maximum exposure to loss in our loan sale activities is limited to these repurchase and recourse obligations . in addition , for certain loans transferred in the gnma and fnma transactions , we hold an option to repurchase individual delinquent loans that meet certain criteria . without prior authorization from these gses , this option gives pnc the ability to repurchase the delinquent loan at par . under gaap , once we have the unilateral ability to repurchase the delinquent loan , effective control over the loan has been regained and we are required to recognize the loan and a corresponding repurchase liability on the balance sheet regardless of our intent to repurchase the loan . at december 31 , 2009 and december 31 , 2008 , the balance of our repurchase option asset and liability totaled $ 577 million and $ 476 million , respectively . securitizations in securitizations , loans are typically transferred to a qualifying special purpose entity ( qspe ) that is demonstrably distinct from the transferor to transfer the risk from our consolidated balance sheet . a qspe is a bankruptcy-remote trust allowed to perform only certain passive activities . in addition , these entities are self-liquidating and in certain instances are structured as real estate mortgage investment conduits ( remics ) for tax purposes . the qspes are generally financed by issuing certificates for various levels of senior and subordinated tranches . qspes are exempt from consolidation provided certain conditions are met . our securitization activities were primarily obtained through our acquisition of national city . credit card receivables , automobile , and residential mortgage loans were securitized through qspes sponsored by ncb . these qspes were financed primarily through the issuance and sale of beneficial interests to independent third parties and were not consolidated on our balance sheet at december 31 , 2009 or december 31 , 2008 . however , see note 1 accounting policies regarding accounting guidance that impacts the accounting for these qspes effective january 1 , 2010 . qualitative and quantitative information about the securitization qspes and our retained interests in these transactions follow . the following summarizes the assets and liabilities of the securitization qspes associated with securitization transactions that were outstanding at december 31 , 2009. .
|in millions|december 31 2009 credit card|december 31 2009 mortgage|december 31 2009 credit card|mortgage|
|assets ( a )|$ 2368|$ 232|$ 2129|$ 319|
|liabilities|1622|232|1824|319|
( a ) represents period-end outstanding principal balances of loans transferred to the securitization qspes . credit card loans at december 31 , 2009 , the credit card securitization series 2005-1 , 2006-1 , 2007-1 , and 2008-3 were outstanding . during the fourth quarter of 2009 , the 2008-1 and 2008-2 credit card securitization series matured . our continuing involvement in the securitized credit card receivables consists primarily of servicing and our holding of certain retained interests . servicing fees earned approximate current market rates for servicing fees ; therefore , no servicing asset or liability is recognized . we hold a clean-up call repurchase option to the extent a securitization series extends past its scheduled note principal payoff date . to the extent this occurs , the clean-up call option is triggered when the principal balance of the asset- backed notes of any series reaches 5% ( 5 % ) of the initial principal balance of the asset-backed notes issued at the securitization .
Question: in 2009 what was the ratio of the credit cards assets to liabilities
Answer: | 1.45993 |
FINQA3875 | Please answer the given financial question based on the context.
Context: the agreements that govern the indebtedness incurred or assumed in connection with the acquisition contain various covenants that impose restrictions on us and certain of our subsidiaries that may affect our ability to operate our businesses . the agreements that govern the indebtedness incurred or assumed in connection with the carefusion transaction contain various affirmative and negative covenants that may , subject to certain significant exceptions , restrict our ability and the ability of certain of our subsidiaries ( including carefusion ) to , among other things , have liens on their property , transact business with affiliates and/or merge or consolidate with any other person or sell or convey certain of our assets to any one person . in addition , some of the agreements that govern our indebtedness contain financial covenants that will require us to maintain certain financial ratios . our ability and the ability of our subsidiaries to comply with these provisions may be affected by events beyond our control . failure to comply with these covenants could result in an event of default , which , if not cured or waived , could accelerate our repayment obligations . item 1b . unresolved staff comments . item 2 . properties . bd 2019s executive offices are located in franklin lakes , new jersey . as of october 31 , 2016 , bd owned or leased 255 facilities throughout the world , comprising approximately 19796011 square feet of manufacturing , warehousing , administrative and research facilities . the u.s . facilities , including those in puerto rico , comprise approximately 7459856 square feet of owned and 2923257 square feet of leased space . the international facilities comprise approximately 7189652 square feet of owned and 2223245 square feet of leased space . sales offices and distribution centers included in the total square footage are also located throughout the world . operations in each of bd 2019s business segments are conducted at both u.s . and international locations . particularly in the international marketplace , facilities often serve more than one business segment and are used for multiple purposes , such as administrative/sales , manufacturing and/or warehousing/distribution . bd generally seeks to own its manufacturing facilities , although some are leased . the following table summarizes property information by business segment. .
|sites|corporate|bd life sciences|bd medical|mixed ( a )|total|
|leased|11|19|75|92|195|
|owned|3|15|31|121|60|
|total|14|34|106|103|255|
|square feet|1425720|4337963|9891908|4140420|19796011|
( a ) facilities used by more than one business segment . bd believes that its facilities are of good construction and in good physical condition , are suitable and adequate for the operations conducted at those facilities , and are , with minor exceptions , fully utilized and operating at normal capacity . the u.s . facilities are located in alabama , arizona , california , connecticut , florida , georgia , illinois , indiana , maryland , massachusetts , michigan , nebraska , new jersey , north carolina , ohio , oklahoma , south carolina , texas , utah , virginia , washington , d.c. , washington , wisconsin and puerto rico . the international facilities are as follows : - europe , middle east , africa , which includes facilities in austria , belgium , bosnia and herzegovina , the czech republic , denmark , england , finland , france , germany , ghana , hungary , ireland , italy , kenya , luxembourg , netherlands , norway , poland , portugal , russia , saudi arabia , south africa , spain , sweden , switzerland , turkey , the united arab emirates and zambia. .
Question: what was the percent of the total international facilities square feet of owned by bd
Answer: | 0.76381 |
FINQA3876 | Please answer the given financial question based on the context.
Context: dish network corporation notes to consolidated financial statements - continued ciel ii . ciel ii , a canadian dbs satellite , was launched in december 2008 and commenced commercial operation during february 2009 . this satellite is accounted for as a capital lease and depreciated over the term of the satellite service agreement . we have leased 100% ( 100 % ) of the capacity on ciel ii for an initial 10 year term . as of december 31 , 2011 and 2010 , we had $ 500 million capitalized for the estimated fair value of satellites acquired under capital leases included in 201cproperty and equipment , net , 201d with related accumulated depreciation of $ 151 million and $ 109 million , respectively . in our consolidated statements of operations and comprehensive income ( loss ) , we recognized $ 43 million , $ 43 million and $ 40 million in depreciation expense on satellites acquired under capital lease agreements during the years ended december 31 , 2011 , 2010 and 2009 , respectively . future minimum lease payments under the capital lease obligation , together with the present value of the net minimum lease payments as of december 31 , 2011 are as follows ( in thousands ) : for the years ended december 31 .
|2012|$ 84715|
|2013|77893|
|2014|76296|
|2015|75970|
|2016|75970|
|thereafter|314269|
|total minimum lease payments|705113|
|less : amount representing lease of the orbital location and estimated executory costs ( primarily insurance and maintenance ) including profit thereon included in total minimum lease payments|-323382 ( 323382 )|
|net minimum lease payments|381731|
|less : amount representing interest|-109823 ( 109823 )|
|present value of net minimum lease payments|271908|
|less : current portion|-29202 ( 29202 )|
|long-term portion of capital lease obligations|$ 242706|
the summary of future maturities of our outstanding long-term debt as of december 31 , 2011 is included in the commitments table in note 16 . 12 . income taxes and accounting for uncertainty in income taxes income taxes our income tax policy is to record the estimated future tax effects of temporary differences between the tax bases of assets and liabilities and amounts reported on our consolidated balance sheets , as well as probable operating loss , tax credit and other carryforwards . deferred tax assets are offset by valuation allowances when we believe it is more likely than not that net deferred tax assets will not be realized . we periodically evaluate our need for a valuation allowance . determining necessary valuation allowances requires us to make assessments about historical financial information as well as the timing of future events , including the probability of expected future taxable income and available tax planning opportunities . we file consolidated tax returns in the u.s . the income taxes of domestic and foreign subsidiaries not included in the u.s . tax group are presented in our consolidated financial statements based on a separate return basis for each tax paying entity . as of december 31 , 2011 , we had no net operating loss carryforwards ( 201cnols 201d ) for federal income tax purposes and $ 13 million of nol benefit for state income tax purposes . the state nols begin to expire in the year 2020 . in addition , there are $ 5 million of tax benefits related to credit carryforwards which are partially offset by a valuation allowance and $ 14 million benefit of capital loss carryforwards which are fully offset by a valuation allowance . the credit carryforwards begin to expire in the year 2012. .
Question: what percentage of total future minimum lease payments under the capital lease obligation is due after 2016?
Answer: | 0.4457 |
FINQA3877 | Please answer the given financial question based on the context.
Context: marathon oil corporation notes to consolidated financial statements assumed health care cost trend rates have a significant effect on the amounts reported for defined benefit retiree health care plans . a one-percentage-point change in assumed health care cost trend rates would have the following effects : ( in millions ) 1-percentage- point increase 1-percentage- point decrease .
|( in millions )|1-percentage-point increase|1-percentage-point decrease|
|effect on total of service and interest cost components|$ 9|$ 7|
|effect on other postretirement benefit obligations|88|72|
plan investment policies and strategies the investment policies for our u.s . and international pension plan assets reflect the funded status of the plans and expectations regarding our future ability to make further contributions . long-term investment goals are to : ( 1 ) manage the assets in accordance with the legal requirements of all applicable laws ; ( 2 ) produce investment returns which meet or exceed the rates of return achievable in the capital markets while maintaining the risk parameters set by the plans 2019 investment committees and protecting the assets from any erosion of purchasing power ; and ( 3 ) position the portfolios with a long-term risk/return orientation . u.s . plans 2013 historical performance and future expectations suggest that common stocks will provide higher total investment returns than fixed income securities over a long-term investment horizon . short-term investments only reflect the liquidity requirements for making pension payments . as such , the plans 2019 targeted asset allocation is comprised of 75 percent equity securities and 25 percent fixed income securities . in the second quarter of 2009 , we exchanged the majority of our publicly-traded stocks and bonds for interests in pooled equity and fixed income investment funds from our outside manager , representing 58 percent and 20 percent of u.s . plan assets , respectively , as of december 31 , 2009 . these funds are managed with the same style and strategy as when the securities were held separately . each fund 2019s main objective is to provide investors with exposure to either a publicly-traded equity or fixed income portfolio comprised of both u.s . and non-u.s . securities . the equity fund holdings primarily consist of publicly-traded individually-held securities in various sectors of many industries . the fixed income fund holdings primarily consist of publicly-traded investment-grade bonds . the plans 2019 assets are managed by a third-party investment manager . the investment manager has limited discretion to move away from the target allocations based upon the manager 2019s judgment as to current confidence or concern regarding the capital markets . investments are diversified by industry and type , limited by grade and maturity . the plans 2019 investment policy prohibits investments in any securities in the steel industry and allows derivatives subject to strict guidelines , such that derivatives may only be written against equity securities in the portfolio . investment performance and risk is measured and monitored on an ongoing basis through quarterly investment meetings and periodic asset and liability studies . international plans 2013 our international plans 2019 target asset allocation is comprised of 70 percent equity securities and 30 percent fixed income securities . the plan assets are invested in six separate portfolios , mainly pooled fund vehicles , managed by several professional investment managers . investments are diversified by industry and type , limited by grade and maturity . the use of derivatives by the investment managers is permitted , subject to strict guidelines . the investment managers 2019 performance is measured independently by a third-party asset servicing consulting firm . overall , investment performance and risk is measured and monitored on an ongoing basis through quarterly investment portfolio reviews and periodic asset and liability studies . fair value measurements plan assets are measured at fair value . the definition and approaches to measuring fair value and the three levels of the fair value hierarchy are described in note 16 . the following provides a description of the valuation techniques employed for each major plan asset category at december 31 , 2009 and 2008 . cash and cash equivalents 2013 cash and cash equivalents include cash on deposit and an investment in a money market mutual fund that invests mainly in short-term instruments and cash , both of which are valued using a .
Question: what would the effect on other postretirement benefit obligations be if there was a 2-percent point decrease?
Answer: | 144.0 |
FINQA3878 | Please answer the given financial question based on the context.
Context: liquidity and capital resources we currently expect to fund all of our cash requirements which are reasonably foreseeable for 2018 , including scheduled debt repayments , new investments in the business , share repurchases , dividend payments , possible business acquisitions and pension contributions , with cash from operating activities , and as needed , additional short-term and/or long-term borrowings . we continue to expect our operating cash flow to remain strong . as of december 31 , 2017 , we had $ 211 million of cash and cash equivalents on hand , of which $ 151 million was held outside of the as of december 31 , 2016 , we had $ 327 million of cash and cash equivalents on hand , of which $ 184 million was held outside of the u.s . as of december 31 , 2015 , we had $ 26 million of deferred tax liabilities for pre-acquisition foreign earnings associated with the legacy nalco entities and legacy champion entities that we intended to repatriate . these liabilities were recorded as part of the respective purchase price accounting of each transaction . the remaining foreign earnings were repatriated in 2016 , reducing the deferred tax liabilities to zero at december 31 , 2016 . as of december 31 , 2017 we had a $ 2.0 billion multi-year credit facility , which expires in november 2022 . the credit facility has been established with a diverse syndicate of banks . there were no borrowings under our credit facility as of december 31 , 2017 or 2016 . the credit facility supports our $ 2.0 billion u.s . commercial paper program and $ 2.0 billion european commercial paper program . combined borrowing under these two commercial paper programs may not exceed $ 2.0 billion . at year-end , we had no amount outstanding under the european commercial paper program and no amount outstanding under the u.s . commercial paper program . additionally , we have uncommitted credit lines of $ 660 million with major international banks and financial institutions to support our general global funding needs . most of these lines are used to support global cash pooling structures . approximately $ 643 million of these credit lines were available for use as of year-end 2017 . bank supported letters of credit , surety bonds and guarantees total $ 198 million and represent commercial business transactions . we do not have any other significant unconditional purchase obligations or commercial commitments . as of december 31 , 2017 , our short-term borrowing program was rated a-2 by standard & poor 2019s and p-2 by moody 2019s . as of december 31 , 2017 , standard & poor 2019s and moody 2019s rated our long-term credit at a- ( stable outlook ) and baa1 ( stable outlook ) , respectively . a reduction in our credit ratings could limit or preclude our ability to issue commercial paper under our current programs , or could also adversely affect our ability to renew existing , or negotiate new , credit facilities in the future and could increase the cost of these facilities . should this occur , we could seek additional sources of funding , including issuing additional term notes or bonds . in addition , we have the ability , at our option , to draw upon our $ 2.0 billion of committed credit facility . we are in compliance with our debt covenants and other requirements of our credit agreements and indentures . a schedule of our various obligations as of december 31 , 2017 are summarized in the following table: .
|( millions )|total|payments due by period less than 1 year|payments due by period 2-3 years|payments due by period 4-5 years|payments due by period more than 5 years|
|notes payable|$ 15|$ 15|$ -|$ -|$ -|
|one-time transition tax|160|13|26|26|95|
|long-term debt|7303|549|696|1513|4545|
|capital lease obligations|5|1|1|1|2|
|operating leases|617|131|211|160|115|
|interest*|2753|242|436|375|1700|
|total|$ 10853|$ 951|$ 1370|$ 2075|$ 6457|
* interest on variable rate debt was calculated using the interest rate at year-end 2017 . during the fourth quarter of 2017 , we recorded a one-time transition tax related to enactment of the tax act . the expense is primarily related to the one-time transition tax , which is payable over eight years . as discussed further in note 12 , this balance is a provisional amount and is subject to adjustment during the measurement period of up to one year following the enactment of the tax act , as provided by recent sec guidance . as of december 31 , 2017 , our gross liability for uncertain tax positions was $ 68 million . we are not able to reasonably estimate the amount by which the liability will increase or decrease over an extended period of time or whether a cash settlement of the liability will be required . therefore , these amounts have been excluded from the schedule of contractual obligations. .
Question: what percent of the one-time transition tax is due in les than one year?
Answer: | 0.08125 |
FINQA3879 | Please answer the given financial question based on the context.
Context: part i item 1 entergy corporation , utility operating companies , and system energy louisiana parishes in which it holds non-exclusive franchises . entergy louisiana's electric franchises expire during 2009-2036 . entergy mississippi has received from the mpsc certificates of public convenience and necessity to provide electric service to areas within 45 counties , including a number of municipalities , in western mississippi . under mississippi statutory law , such certificates are exclusive . entergy mississippi may continue to serve in such municipalities upon payment of a statutory franchise fee , regardless of whether an original municipal franchise is still in existence . entergy new orleans provides electric and gas service in the city of new orleans pursuant to city ordinances ( except electric service in algiers , which is provided by entergy louisiana ) . these ordinances contain a continuing option for the city of new orleans to purchase entergy new orleans' electric and gas utility properties . entergy texas holds a certificate of convenience and necessity from the puct to provide electric service to areas within approximately 24 counties in eastern texas , and holds non-exclusive franchises to provide electric service in approximately 65 incorporated municipalities . entergy texas typically is granted 50-year franchises . entergy texas' electric franchises expire during 2009-2045 . the business of system energy is limited to wholesale power sales . it has no distribution franchises . property and other generation resources generating stations the total capability of the generating stations owned and leased by the utility operating companies and system energy as of december 31 , 2008 , is indicated below: .
|company|owned and leased capability mw ( 1 ) total|owned and leased capability mw ( 1 ) gas/oil|owned and leased capability mw ( 1 ) nuclear|owned and leased capability mw ( 1 ) coal|owned and leased capability mw ( 1 ) hydro|
|entergy arkansas|4999|1883|1839|1207|70|
|entergy gulf states louisiana|3574|2240|971|363|-|
|entergy louisiana|5854|4685|1169|-|-|
|entergy mississippi|3224|2804|-|420|-|
|entergy new orleans|745|745|-|-|-|
|entergy texas|2543|2274|-|269|-|
|system energy|1139|-|1139|-|-|
|total|22078|14631|5118|2259|70|
( 1 ) "owned and leased capability" is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel ( assuming no curtailments ) that each station was designed to utilize . the entergy system's load and capacity projections are reviewed periodically to assess the need and timing for additional generating capacity and interconnections . these reviews consider existing and projected demand , the availability and price of power , the location of new load , and the economy . summer peak load in the entergy system service territory has averaged 21039 mw from 2002-2008 . due to changing use patterns , peak load growth has nearly flattened while annual energy use continues to grow . in the 2002 time period , the entergy system's long-term capacity resources , allowing for an adequate reserve margin , were approximately 3000 mw less than the total capacity required for peak period demands . in this time period entergy met its capacity shortages almost entirely through short-term power purchases in the wholesale spot market . in the fall of 2002 , the entergy system began a program to add new resources to its existing generation portfolio and began a process of issuing .
Question: what percent of the total owned and leased capability is from nuclear?
Answer: | 0.23181 |
FINQA3880 | Please answer the given financial question based on the context.
Context: lockheed martin corporation management 2019s discussion and analysis of financial condition and results of operations december 31 , 2002 space systems space systems 2019 operating results included the following : ( in millions ) 2002 2001 2000 .
|( in millions )|2002|2001|2000|
|net sales|$ 7384|$ 6836|$ 7339|
|operating profit|443|360|345|
net sales for space systems increased by 8% ( 8 % ) in 2002 compared to 2001 . the increase in sales for 2002 resulted from higher volume in government space of $ 370 million and commercial space of $ 180 million . in government space , increases of $ 470 million in government satellite programs and $ 130 million in ground systems activities more than offset volume declines of $ 175 million on government launch vehi- cles and $ 55 million on strategic missile programs . the increase in commercial space sales is primarily attributable to an increase in launch vehicle activities , with nine commercial launches during 2002 compared to six in 2001 . net sales for the segment decreased by 7% ( 7 % ) in 2001 com- pared to 2000 . the decrease in sales for 2001 resulted from volume declines in commercial space of $ 560 million , which more than offset increases in government space of $ 60 million . in commercial space , sales declined due to volume reductions of $ 480 million in commercial launch vehicle activities and $ 80 million in satellite programs . there were six launches in 2001 compared to 14 launches in 2000 . the increase in gov- ernment space resulted from a combined increase of $ 230 mil- lion related to higher volume on government satellite programs and ground systems activities . these increases were partially offset by a $ 110 million decrease related to volume declines in government launch vehicle activity , primarily due to program maturities , and by $ 50 million due to the absence in 2001 of favorable adjustments recorded on the titan iv pro- gram in 2000 . operating profit for the segment increased 23% ( 23 % ) in 2002 as compared to 2001 , mainly driven by the commercial space business . reduced losses in commercial space during 2002 resulted in increased operating profit of $ 90 million when compared to 2001 . commercial satellite manufacturing losses declined $ 100 million in 2002 as operating performance improved and satellite deliveries increased . in the first quarter of 2001 , a $ 40 million loss provision was recorded on certain commercial satellite manufacturing contracts . due to the industry-wide oversupply and deterioration of pricing in the commercial launch market , financial results on commercial launch vehicles continue to be challenging . during 2002 , this trend led to a decline in operating profit of $ 10 million on commercial launch vehicles when compared to 2001 . this decrease was primarily due to lower profitability of $ 55 mil- lion on the three additional launches in the current year , addi- tional charges of $ 60 million ( net of a favorable contract adjustment of $ 20 million ) for market and pricing pressures and included the adverse effect of a $ 35 million adjustment for commercial launch vehicle contract settlement costs . the 2001 results also included charges for market and pricing pressures , which reduced that year 2019s operating profit by $ 145 million . the $ 10 million decrease in government space 2019s operating profit for the year is primarily due to the reduced volume on government launch vehicles and strategic missile programs , which combined to decrease operating profit by $ 80 million , partially offset by increases of $ 40 million in government satellite programs and $ 30 million in ground systems activities . operating profit for the segment increased by 4% ( 4 % ) in 2001 compared to 2000 . operating profit increased in 2001 due to a $ 35 million increase in government space partially offset by higher year-over-year losses of $ 20 million in commercial space . in government space , operating profit increased due to the impact of higher volume and improved performance in ground systems and government satellite programs . the year- to-year comparison of operating profit was not affected by the $ 50 million favorable titan iv adjustment recorded in 2000 discussed above , due to a $ 55 million charge related to a more conservative assessment of government launch vehi- cle programs that was recorded in the fourth quarter of 2000 . in commercial space , decreased operating profit of $ 15 mil- lion on launch vehicles more than offset lower losses on satel- lite manufacturing activities . the commercial launch vehicle operating results included $ 60 million in higher charges for market and pricing pressures when compared to 2000 . these negative adjustments were partially offset by $ 50 million of favorable contract adjustments on certain launch vehicle con- tracts . commercial satellite manufacturing losses decreased slightly from 2000 and included the adverse impact of a $ 40 million loss provision recorded in the first quarter of 2001 for certain commercial satellite contracts related to schedule and technical issues. .
Question: what was the operating margin for space systems in 2002?
Answer: | 0.05999 |
FINQA3881 | Please answer the given financial question based on the context.
Context: the company has also encountered various quality issues on its aircraft carrier construction and overhaul programs and its virginia-class submarine construction program at its newport news location . these primarily involve matters related to filler metal used in pipe welds identified in 2007 , and issues associated with non-nuclear weld inspection and the installation of weapons handling equipment on certain submarines , and certain purchased material quality issues identified in 2009 . the company does not believe that resolution of these issues will have a material effect upon its consolidated financial position , results of operations or cash flows . environmental matters 2014the estimated cost to complete environmental remediation has been accrued where it is probable that the company will incur such costs in the future to address environmental conditions at currently or formerly owned or leased operating facilities , or at sites where it has been named a potentially responsible party ( 201cprp 201d ) by the environmental protection agency , or similarly designated by another environmental agency , and these costs can be estimated by management . these accruals do not include any litigation costs related to environmental matters , nor do they include amounts recorded as asset retirement obligations . to assess the potential impact on the company 2019s consolidated financial statements , management estimates the range of reasonably possible remediation costs that could be incurred by the company , taking into account currently available facts on each site as well as the current state of technology and prior experience in remediating contaminated sites . these estimates are reviewed periodically and adjusted to reflect changes in facts and technical and legal circumstances . management estimates that as of december 31 , 2011 , the probable future costs for environmental remediation is $ 3 million , which is accrued in other current liabilities . factors that could result in changes to the company 2019s estimates include : modification of planned remedial actions , increases or decreases in the estimated time required to remediate , changes to the determination of legally responsible parties , discovery of more extensive contamination than anticipated , changes in laws and regulations affecting remediation requirements , and improvements in remediation technology . should other prps not pay their allocable share of remediation costs , the company may have to incur costs exceeding those already estimated and accrued . in addition , there are certain potential remediation sites where the costs of remediation cannot be reasonably estimated . although management cannot predict whether new information gained as projects progress will materially affect the estimated liability accrued , management does not believe that future remediation expenditures will have a material effect on the company 2019s consolidated financial position , results of operations or cash flows . financial arrangements 2014in the ordinary course of business , hii uses standby letters of credit issued by commercial banks and surety bonds issued by insurance companies principally to support the company 2019s self-insured workers 2019 compensation plans . at december 31 , 2011 , there were $ 121 million of standby letters of credit issued but undrawn and $ 297 million of surety bonds outstanding related to hii . u.s . government claims 2014from time to time , the u.s . government advises the company of claims and penalties concerning certain potential disallowed costs . when such findings are presented , the company and u.s . government representatives engage in discussions to enable hii to evaluate the merits of these claims as well as to assess the amounts being claimed . the company does not believe that the outcome of any such matters will have a material effect on its consolidated financial position , results of operations or cash flows . collective bargaining agreements 2014the company believes that it maintains good relations with its approximately 38000 employees of which approximately 50% ( 50 % ) are covered by a total of 10 collective bargaining agreements . the company expects to renegotiate renewals of each of its collective bargaining agreements between 2013 and 2015 as they approach expiration . collective bargaining agreements generally expire after three to five years and are subject to renegotiation at that time . it is not expected that the results of these negotiations , either individually or in the aggregate , will have a material effect on the company 2019s consolidated results of operations . operating leases 2014rental expense for operating leases was $ 44 million in 2011 , $ 44 million in 2010 , and $ 48 million in 2009 . these amounts are net of immaterial amounts of sublease rental income . minimum rental commitments under long- term non-cancellable operating leases for the next five years and thereafter are : ( $ in millions ) .
|2012|$ 21|
|2013|17|
|2014|15|
|2015|13|
|2016|10|
|thereafter|48|
|total|$ 124|
.
Question: what was the average operating leases 2014rental expense for operating leases from 2009 to 2011
Answer: | 45.33333 |
FINQA3882 | Please answer the given financial question based on the context.
Context: stock performance graph : the graph below shows the cumulative total shareholder return assuming the investment of $ 100 , on december 31 , 2010 , and the reinvestment of dividends thereafter , if any , in the company's common stock versus the standard and poor's s&p 500 retail index ( "s&p 500 retail index" ) and the standard and poor's s&p 500 index ( "s&p 500" ) . .
|company/index|december 31 , 2010|december 31 , 2011|december 31 , 2012|december 31 , 2013|december 31 , 2014|december 31 , 2015|
|o'reilly automotive inc .|$ 100|$ 132|$ 148|$ 213|$ 319|$ 419|
|s&p 500 retail index|100|103|128|185|203|252|
|s&p 500|$ 100|$ 100|$ 113|$ 147|$ 164|$ 163|
.
Question: did the five year return of the s&p 500 retail index outperform the s&p 500?
Answer: | yes |
FINQA3883 | Please answer the given financial question based on the context.
Context: fhlb advances and other borrowings fhlb advances 2014the company had $ 0.7 billion and $ 0.5 billion in floating-rate and $ 0.2 billion and $ 1.8 billion in fixed-rate fhlb advances at december 31 , 2012 and 2011 , respectively . the floating-rate advances adjust quarterly based on the libor . during the year ended december 31 , 2012 , $ 650.0 million of fixed-rate fhlb advances were converted to floating-rate for a total cost of approximately $ 128 million which was capitalized and will be amortized over the remaining maturities using the effective interest method . in addition , during the year ended december 31 , 2012 , the company paid down in advance of maturity $ 1.0 billion of its fhlb advances and recorded $ 69.1 million in losses on the early extinguishment . this loss was recorded in the gains ( losses ) on early extinguishment of debt line item in the consolidated statement of income ( loss ) . the company did not have any similar transactions for the years ended december 31 , 2011 and 2010 . as a condition of its membership in the fhlb atlanta , the company is required to maintain a fhlb stock investment currently equal to the lesser of : a percentage of 0.2% ( 0.2 % ) of total bank assets ; or a dollar cap amount of $ 26 million . additionally , the bank must maintain an activity based stock investment which is currently equal to 4.5% ( 4.5 % ) of the bank 2019s outstanding advances at the time of borrowing . on a quarterly basis , the fhlb atlanta evaluates excess activity based stock holdings for its members and makes a determination regarding quarterly redemption of any excess activity based stock positions . the company had an investment in fhlb stock of $ 67.4 million and $ 140.2 million at december 31 , 2012 and 2011 , respectively . the company must also maintain qualified collateral as a percent of its advances , which varies based on the collateral type , and is further adjusted by the outcome of the most recent annual collateral audit and by fhlb 2019s internal ranking of the bank 2019s creditworthiness . these advances are secured by a pool of mortgage loans and mortgage-backed securities . at december 31 , 2012 and 2011 , the company pledged loans with a lendable value of $ 4.8 billion and $ 5.0 billion , respectively , of the one- to four-family and home equity loans as collateral in support of both its advances and unused borrowing lines . other borrowings 2014prior to 2008 , etbh raised capital through the formation of trusts , which sold trust preferred securities in the capital markets . the capital securities must be redeemed in whole at the due date , which is generally 30 years after issuance . each trust issued floating rate cumulative preferred securities ( 201ctrust preferred securities 201d ) , at par with a liquidation amount of $ 1000 per capital security . the trusts used the proceeds from the sale of issuances to purchase floating rate junior subordinated debentures ( 201csubordinated debentures 201d ) issued by etbh , which guarantees the trust obligations and contributed proceeds from the sale of its subordinated debentures to e*trade bank in the form of a capital contribution . the most recent issuance of trust preferred securities occurred in 2007 . the face values of outstanding trusts at december 31 , 2012 are shown below ( dollars in thousands ) : trusts face value maturity date annual interest rate .
|trusts|face value|maturity date|annual interest rate|
|etbh capital trust ii|$ 5000|2031|10.25% ( 10.25 % )|
|etbh capital trust i|20000|2031|3.75% ( 3.75 % ) above 6-month libor|
|etbh capital trust v vi viii|51000|2032|3.25%-3.65% ( 3.25%-3.65 % ) above 3-month libor|
|etbh capital trust vii ix 2014xii|65000|2033|3.00%-3.30% ( 3.00%-3.30 % ) above 3-month libor|
|etbh capital trust xiii 2014xviii xx|77000|2034|2.45%-2.90% ( 2.45%-2.90 % ) above 3-month libor|
|etbh capital trust xix xxi xxii|60000|2035|2.20%-2.40% ( 2.20%-2.40 % ) above 3-month libor|
|etbh capital trust xxiii 2014xxiv|45000|2036|2.10% ( 2.10 % ) above 3-month libor|
|etbh capital trust xxv 2014xxx|110000|2037|1.90%-2.00% ( 1.90%-2.00 % ) above 3-month libor|
|total|$ 433000|||
as of december 31 , 2011 , other borrowings also included $ 2.3 million of collateral pledged to the bank by its derivatives counterparties to reduce credit exposure to changes in market value . the company did not have any similar borrowings for the year ended december 31 , 2012. .
Question: what was the ratio of the company investment in fhlb stock in 2011 to 2012
Answer: | 2.08012 |
FINQA3884 | Please answer the given financial question based on the context.
Context: republic services , inc . notes to consolidated financial statements 2014 ( continued ) high quality financial institutions . such balances may be in excess of fdic insured limits . to manage the related credit exposure , we continually monitor the credit worthiness of the financial institutions where we have deposits . concentrations of credit risk with respect to trade accounts receivable are limited due to the wide variety of customers and markets in which we provide services , as well as the dispersion of our operations across many geographic areas . we provide services to small-container , large-container , municipal and residential , and energy services customers in the united states and puerto rico . we perform ongoing credit evaluations of our customers , but generally do not require collateral to support customer receivables . we establish an allowance for doubtful accounts based on various factors including the credit risk of specific customers , age of receivables outstanding , historical trends , economic conditions and other information . accounts receivable , net accounts receivable represent receivables from customers for collection , transfer , recycling , disposal , energy services and other services . our receivables are recorded when billed or when the related revenue is earned , if earlier , and represent claims against third parties that will be settled in cash . the carrying value of our receivables , net of the allowance for doubtful accounts and customer credits , represents their estimated net realizable value . provisions for doubtful accounts are evaluated on a monthly basis and are recorded based on our historical collection experience , the age of the receivables , specific customer information and economic conditions . we also review outstanding balances on an account-specific basis . in general , reserves are provided for accounts receivable in excess of 90 days outstanding . past due receivable balances are written-off when our collection efforts have been unsuccessful in collecting amounts due . the following table reflects the activity in our allowance for doubtful accounts for the years ended december 31: .
||2017|2016|2015|
|balance at beginning of year|$ 44.0|$ 46.7|$ 38.9|
|additions charged to expense|30.6|20.4|22.7|
|accounts written-off|-35.7 ( 35.7 )|-23.1 ( 23.1 )|-14.9 ( 14.9 )|
|balance at end of year|$ 38.9|$ 44.0|$ 46.7|
restricted cash and marketable securities as of december 31 , 2017 , we had $ 141.1 million of restricted cash and marketable securities of which $ 71.4 million supports our insurance programs for workers 2019 compensation , commercial general liability , and commercial auto liability . additionally , we obtain funds through the issuance of tax-exempt bonds for the purpose of financing qualifying expenditures at our landfills , transfer stations , collection and recycling centers . the funds are deposited directly into trust accounts by the bonding authorities at the time of issuance . as the use of these funds is contractually restricted , and we do not have the ability to use these funds for general operating purposes , they are classified as restricted cash and marketable securities in our consolidated balance sheets . in the normal course of business , we may be required to provide financial assurance to governmental agencies and a variety of other entities in connection with municipal residential collection contracts , closure or post- closure of landfills , environmental remediation , environmental permits , and business licenses and permits as a financial guarantee of our performance . at several of our landfills , we satisfy financial assurance requirements by depositing cash into restricted trust funds or escrow accounts . property and equipment we record property and equipment at cost . expenditures for major additions and improvements to facilities are capitalized , while maintenance and repairs are charged to expense as incurred . when property is retired or .
Question: as of december 31 , 2017 what was the ratio of restricted cash and marketable securities for the supports our insurance programs for workers 2019 compensation , commercial general liability , and commercial auto liability to the total restricted cash and marketable securities
Answer: | 0.50602 |
FINQA3885 | Please answer the given financial question based on the context.
Context: system energy resources , inc . management 2019s financial discussion and analysis sources of capital system energy 2019s sources to meet its capital requirements include : internally generated funds ; cash on hand ; debt issuances ; and bank financing under new or existing facilities . system energy may refinance , redeem , or otherwise retire debt prior to maturity , to the extent market conditions and interest and dividend rates are favorable . all debt and common stock issuances by system energy require prior regulatory approval . debt issuances are also subject to issuance tests set forth in its bond indentures and other agreements . system energy has sufficient capacity under these tests to meet its foreseeable capital needs . in february 2012 , system energy vie issued $ 50 million of 4.02% ( 4.02 % ) series h notes due february 2017 . system energy used the proceeds to purchase additional nuclear fuel . system energy has obtained a short-term borrowing authorization from the ferc under which it may borrow , through october 2013 , up to the aggregate amount , at any one time outstanding , of $ 200 million . see note 4 to the financial statements for further discussion of system energy 2019s short-term borrowing limits . system energy has also obtained an order from the ferc authorizing long-term securities issuances . the current long-term authorization extends through july 2013 . system energy 2019s receivables from the money pool were as follows as of december 31 for each of the following years: .
|2011|2010|2009|2008|
|( in thousands )|( in thousands )|( in thousands )|( in thousands )|
|$ 120424|$ 97948|$ 90507|$ 42915|
see note 4 to the financial statements for a description of the money pool . nuclear matters system energy owns and operates grand gulf . system energy is , therefore , subject to the risks related to owning and operating a nuclear plant . these include risks from the use , storage , handling and disposal of high- level and low-level radioactive materials , regulatory requirement changes , including changes resulting from events at other plants , limitations on the amounts and types of insurance commercially available for losses in connection with nuclear operations , and technological and financial uncertainties related to decommissioning nuclear plants at the end of their licensed lives , including the sufficiency of funds in decommissioning trusts . in the event of an unanticipated early shutdown of grand gulf , system energy may be required to provide additional funds or credit support to satisfy regulatory requirements for decommissioning . after the nuclear incident in japan resulting from the march 2011 earthquake and tsunami , the nrc established a task force to conduct a review of processes and regulations relating to nuclear facilities in the united states . the task force issued a near term ( 90-day ) report in july 2011 that has made recommendations , which are currently being evaluated by the nrc . it is anticipated that the nrc will issue certain orders and requests for information to nuclear plant licensees by the end of the first quarter 2012 that will begin to implement the task force 2019s recommendations . these orders may require u.s . nuclear operators , including entergy , to undertake plant modifications or perform additional analyses that could , among other things , result in increased costs and capital requirements associated with operating entergy 2019s nuclear plants. .
Question: what was the average system energy 2019s receivables from 2008 to 2011
Answer: | 175899.0 |
FINQA3886 | Please answer the given financial question based on the context.
Context: 14 2018 annual report performance graph the following chart presents a comparison for the five-year period ended june 30 , 2018 , 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 . historic stock price performance is not necessarily indicative of future stock price performance . 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: .
||2013|2014|2015|2016|2017|2018|
|jkhy|100.00|128.02|141.48|193.46|233.19|296.19|
|peer group|100.00|137.07|171.80|198.44|231.11|297.44|
|s&p 500|100.00|124.61|133.86|139.20|164.11|187.70|
this comparison assumes $ 100 was invested on june 30 , 2013 , 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. ; euronet worldwide , inc. ; fair isaac corp. ; fidelity national information services , inc. ; fiserv , inc. ; global payments , inc. ; moneygram international , inc. ; ss&c technologies holdings , inc. ; total systems services , inc. ; tyler technologies , inc. ; verifone systems , inc. ; and wex , inc . dst systems , inc. , which had previously been part of the peer group , was acquired in 2018 and is no longer a public company . as a result , dst systems , inc . has been removed from the peer group and stock performance graph . the stock performance graph shall not be deemed 201cfiled 201d for purposes of section 18 of the exchange act , or incorporated by reference into any filing of the company under the securities act of 1933 , as amended , or the exchange act , except as shall be expressly set forth by specific reference in such filing. .
Question: 2 jkhy 100.00 128.02 141.48 193.46 233.19 296.19
Answer: | 196.19 |
FINQA3887 | Please answer the given financial question based on the context.
Context: organizations evaluate whether transactions should be accounted for as acquisitions ( or disposals ) of assets or businesses , with the expectation that fewer will qualify as acquisitions ( or disposals ) of businesses . the asu became effective for us on january 1 , 2018 . these amendments will be applied prospectively from the date of adoption . the effect of asu 2017-01 will be dependent upon the nature of future acquisitions or dispositions that we make , if any . in october 2016 , the fasb issued asu 2016-16 , 201cincome taxes ( topic 740 ) : intra-entity transfers of assets other than inventory . 201d the amendments in this update state that an entity should recognize the income tax consequences of an intra-entity transfer of an asset other than inventory , such as intellectual property and property and equipment , when the transfer occurs . we will adopt asu 2016-16 effective january 1 , 2018 with no expected effect on our consolidated financial statements . in june 2016 , the fasb issued asu 2016-13 , 201cfinancial instruments - credit losses ( topic 326 ) : measurement of credit losses on financial instruments . 201d the amendments in this update change how companies measure and recognize credit impairment for many financial assets . the new expected credit loss model will require companies to immediately recognize an estimate of credit losses expected to occur over the remaining life of the financial assets ( including trade receivables ) that are in the scope of the update . the update also made amendments to the current impairment model for held-to-maturity and available-for-sale debt securities and certain guarantees . the guidance will become effective for us on january 1 , 2020 . early adoption is permitted for periods beginning on or after january 1 , 2019 . we are evaluating the effect of asu 2016-13 on our consolidated financial statements . in january 2016 , the fasb issued asu 2016-01 , 201cfinancial instruments - overall ( subtopic 825-10 ) : recognition and measurement of financial assets and financial liabilities . 201d the amendments in this update address certain aspects of recognition , measurement , presentation and disclosure of financial instruments . the amendments in this update supersede the guidance to classify equity securities with readily determinable fair values into different categories ( that is , trading or available-for-sale ) and require equity securities ( including other ownership interests , such as partnerships , unincorporated joint ventures and limited liability companies ) to be measured at fair value with changes in the fair value recognized through earnings . equity investments that are accounted for under the equity method of accounting or result in consolidation of an investee are not included within the scope of this update . the amendments allow equity investments that do not have readily determinable fair values to be remeasured at fair value either upon the occurrence of an observable price change or upon identification of an impairment . the amendments also require enhanced disclosures about those investments . we will adopt asu 2016-01 effective january 1 , 2018 with no expected effect on our consolidated financial statements . note 2 2014 acquisitions active network we acquired the communities and sports divisions of athlaction topco , llc ( 201cactive network 201d ) on september 1 , 2017 , for total purchase consideration of $ 1.2 billion . active network delivers cloud-based enterprise software , including payment technology solutions , to event organizers in the communities and health and fitness markets . this acquisition aligns with our technology-enabled , software driven strategy and adds an enterprise software business operating in two additional vertical markets that we believe offer attractive growth fundamentals . the following table summarizes the cash and non-cash components of the consideration transferred on september 1 , 2017 ( in thousands ) : .
|cash consideration paid to active network stockholders|$ 599497|
|fair value of global payments common stock issued to active network stockholders|572079|
|total purchase consideration|$ 1171576|
we funded the cash portion of the total purchase consideration primarily by drawing on our revolving credit facility ( described in 201cnote 7 2014 long-term debt and lines of credit 201d ) . the acquisition-date fair value of 72 2013 global payments inc . | 2017 form 10-k annual report .
Question: based on the table , what was the fair value price of global payments common stock given to active network stockholders?
Answer: | 1171576.0 |
FINQA3888 | 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 2013 ( continued ) ace limited and subsidiaries the weighted-average remaining contractual term was 5.7 years for the stock options outstanding and 4.3 years for the stock options exercisable at december 31 , 2010 . the total intrinsic value was $ 184 million for stock options outstanding and $ 124 million for stock options exercisable at december 31 , 2010 . the weighted-average fair value for the stock options granted for the years ended december 31 , 2010 , 2009 , and 2008 , was $ 12.09 , $ 12.95 , and $ 17.60 , respectively . the total intrinsic value for stock options exercised during the years ended december 31 , 2010 , 2009 , and 2008 , was $ 22 million , $ 12 mil- lion , and $ 54 million , respectively . the amount of cash received during the year ended december 31 , 2010 , from the exercise of stock options was $ 53 million . restricted stock and restricted stock units the company 2019s 2004 ltip provides for grants of restricted stock and restricted stock units with a 4-year vesting period , based on a graded vesting schedule . the company also grants restricted stock awards to non-management directors which vest at the following year 2019s annual general meeting . the restricted stock is granted at market close price on the date of grant . each restricted stock unit represents the company 2019s obligation to deliver to the holder one common share upon vesting . included in the company 2019s share-based compensation expense for the year ended december 31 , 2010 , is a portion of the cost related to the unvested restricted stock granted in the years 2006 2013 2010 . the following table presents a roll-forward of the company 2019s restricted stock for the years ended december 31 , 2010 , 2009 , and 2008 . included in the roll-forward below are 36248 and 38154 restricted stock awards that were granted to non-management directors during 2010 and 2009 , respectively . number of restricted stock weighted-average grant-date fair .
||number of restricted stock|weighted-average grant-date fair value|
|unvested restricted stock december 31 2007|3821707|$ 53.12|
|granted|1836532|$ 59.84|
|vested and issued|-1403826 ( 1403826 )|$ 50.96|
|forfeited|-371183 ( 371183 )|$ 53.75|
|unvested restricted stock december 31 2008|3883230|$ 57.01|
|granted|2603344|$ 39.05|
|vested and issued|-1447676 ( 1447676 )|$ 54.85|
|forfeited|-165469 ( 165469 )|$ 51.45|
|unvested restricted stock december 31 2009|4873429|$ 48.25|
|granted|2461076|$ 51.09|
|vested and issued|-1771423 ( 1771423 )|$ 50.79|
|forfeited|-257350 ( 257350 )|$ 47.93|
|unvested restricted stock december 31 2010|5305732|$ 48.74|
during 2010 , the company awarded 326091 restricted stock units to officers of the company and its subsidiaries with a weighted-average grant date fair value of $ 50.36 . during 2009 , 333104 restricted stock units , with a weighted-average grant date fair value of $ 38.75 , were awarded to officers of the company and its subsidiaries . during 2008 , 223588 restricted stock units , with a weighted-average grant date fair value of $ 59.93 , were awarded to officers of the company and its subsidiaries . at december 31 , 2010 , the number of unvested restricted stock units was 636758 . prior to 2009 , the company granted restricted stock units with a 1-year vesting period to non-management directors . delivery of common shares on account of these restricted stock units to non-management directors is deferred until six months after the date of the non-management directors 2019 termination from the board . during 2008 , 40362 restricted stock units were awarded to non-management directors . at december 31 , 2010 , the number of deferred restricted stock units was 230451 . the espp gives participating employees the right to purchase common shares through payroll deductions during consecutive 201csubscription periods 201d at a purchase price of 85 percent of the fair value of a common share on the exercise date . annual purchases by participants are limited to the number of whole shares that can be purchased by an amount equal to ten percent .
Question: what is the net change in the number of unvested restricted stock in 2010?
Answer: | 432303.0 |
FINQA3889 | Please answer the given financial question based on the context.
Context: visa inc . notes to consolidated financial statements 2014 ( continued ) september 30 , 2012 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 2012 , 2011 , and 2010 , the company recorded share-based compensation cost of $ 147 million , $ 154 million and $ 135 million , respectively , in personnel on its consolidated statements of operations . the amount of capitalized share-based compensation cost was immaterial during fiscal 2012 , 2011 , and 2010 . 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 2012 , 2011 and 2010 , 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 : 2012 2011 2010 ( 1 ) expected term ( in years ) ( 2 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.02 5.16 3.46 risk-free rate of return ( 3 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.2% ( 1.2 % ) 1.2% ( 1.2 % ) 1.4% ( 1.4 % ) expected volatility ( 4 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34.9% ( 34.9 % ) 33.4% ( 33.4 % ) 36.4% ( 36.4 % ) expected dividend yield ( 5 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.9% ( 0.9 % ) 0.8% ( 0.8 % ) 0.7% ( 0.7 % ) .
||2012|2011|2010 ( 1 )|
|expected term ( in years ) ( 2 )|6.02|5.16|3.46|
|risk-free rate of return ( 3 )|1.2% ( 1.2 % )|1.2% ( 1.2 % )|1.4% ( 1.4 % )|
|expected volatility ( 4 )|34.9% ( 34.9 % )|33.4% ( 33.4 % )|36.4% ( 36.4 % )|
|expected dividend yield ( 5 )|0.9% ( 0.9 % )|0.8% ( 0.8 % )|0.7% ( 0.7 % )|
|fair value per option granted|$ 29.65|$ 27.50|$ 29.46|
( 1 ) includes the impact of 1.6 million replacement awards issued to former cybersource employees as part of the cybersource acquisition in july 2010 . these awards have a weighted-average exercise price of $ 47.34 per share and vest over a period of less than three years from the replacement grant date . ( 2 ) based on a set of peer companies that management believes is generally comparable to visa . ( 3 ) based upon the zero coupon u.s . treasury bond rate over the expected term of the awards . ( 4 ) 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 expected volatilities ranged from 31% ( 31 % ) to 35% ( 35 % ) in fiscal 2012 . ( 5 ) based on the company 2019s annual dividend rate on the date of grant. .
Question: what is the expected dividend per share for former cybersource employees in 2010?
Answer: | 0.33138 |
FINQA3890 | Please answer the given financial question based on the context.
Context: cdw corporation and subsidiaries notes to consolidated financial statements 2013 denominator was impacted by the common shares issued during both the ipo and the underwriters 2019 exercise in full of the overallotment option granted to them in connection with the ipo . because such common shares were issued on july 2 , 2013 and july 31 , 2013 , respectively , they are only partially reflected in the 2013 denominator . such shares will be fully reflected in the 2014 denominator . see note 9 for additional discussion of the ipo . the dilutive effect of outstanding restricted stock , restricted stock units , stock options and mpk plan units is reflected in the denominator for diluted earnings per share using the treasury stock method . the following is a reconciliation of basic shares to diluted shares: .
|( in millions )|years ended december 31 , 2013|years ended december 31 , 2012|years ended december 31 , 2011|
|weighted-average shares - basic|156.6|145.1|144.8|
|effect of dilutive securities|2.1|0.7|0.1|
|weighted-average shares - diluted|158.7|145.8|144.9|
for the years ended december 31 , 2013 , 2012 and 2011 , diluted earnings per share excludes the impact of 0.0 million , 0.0 million , and 4.3 million potential common shares , respectively , as their inclusion would have had an anti-dilutive effect . 12 . deferred compensation plan on march 10 , 2010 , in connection with the company 2019s purchase of $ 28.5 million principal amount of its outstanding senior subordinated debt , the company established the restricted debt unit plan ( the 201crdu plan 201d ) , an unfunded nonqualified deferred compensation plan . the total number of rdus that can be granted under the rdu plan is 28500 . at december 31 , 2013 , 28500 rdus were outstanding . rdus that are outstanding vest daily on a pro rata basis over the three-year period from january 1 , 2012 ( or , if later , the date of hire or the date of a subsequent rdu grant ) through december 31 , 2014 . participants have no rights to the underlying debt . the total amount of compensation available to be paid under the rdu plan was initially to be based on two components , a principal component and an interest component . the principal component credits the rdu plan with a notional amount equal to the $ 28.5 million face value of the senior subordinated notes ( the 201cdebt pool 201d ) , together with certain redemption premium equivalents as noted below . the interest component credits the rdu plan with amounts equal to the interest that would have been earned on the debt pool from march 10 , 2010 through maturity on october 12 , 2017 , except as discussed below . interest amounts for 2010 and 2011 were deferred until 2012 , and thereafter , interest amounts were paid to participants semi-annually on the interest payment due dates . payments totaling $ 1.7 million and $ 1.3 million were made to participants under the rdu plan in april and october 2013 , respectively , in connection with the semi-annual interest payments due . the company used a portion of the ipo proceeds together with incremental borrowings to redeem $ 324.0 million of the total senior subordinated notes outstanding on august 1 , 2013 . in connection with the ipo and the partial redemption of the senior subordinated notes , the company amended the rdu plan to increase the retentive value of the plan . in accordance with the original terms of the rdu plan , the principal component of the rdus converted to a cash-denominated pool upon the redemption of the senior subordinated notes . in addition , the company added $ 1.4 million to the principal component in the year ended december 31 , 2013 as redemption premium equivalents in accordance with the terms of the rdu plan . under the terms of the amended rdu plan , upon the partial redemption of outstanding senior subordinated notes , the rdus ceased to accrue the proportionate related interest component credits . the .
Question: for the year ended december 31 , 2011 , diluted earnings per share excludes the impact of 4.3 million potential common shares as their inclusion would have had an anti-dilutive effect . what would the weighted-average shares be if these shares were not excluded?
Answer: | 149.2 |
FINQA3891 | 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 , 2014 . 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 1955024 $ 36.06 4078093 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|1955024|$ 36.06|4078093|
|equity compensation plans not approved by security holders ( 3 )|2014|2014|2014|
|total|1955024|$ 36.06|4078093|
( 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 , 644321 were subject to stock options , 539742 were subject to outstanding restricted performance stock rights , and 63022 were stock rights granted under the 2011 plan . in addition , this number includes 33571 stock rights , 11046 restricted stock rights and 663322 restricted performance stock rights granted under the 2012 plan , assuming target performance achievement . ( 2 ) this is the weighted average exercise price of the 644321 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 2015 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 2015 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year . this proof is printed at 96% ( 96 % ) of original size this line represents final trim and will not print .
Question: what portion of equity compensation plan remains available for future issuance?
Answer: | 0.67595 |
FINQA3892 | Please answer the given financial question based on the context.
Context: a lump sum buyout cost of approximately $ 1.1 million . total rent expense under these leases , included in the accompanying consolidated statements of operations , was approximately $ 893000 , $ 856000 and $ 823000 for the fiscal years ended march 31 , 2001 , 2002 and 2003 , respectively . during the fiscal year ended march 31 , 2000 , the company entered into 36-month operating leases totaling approximately $ 644000 for the lease of office furniture . these leases ended in fiscal year 2003 and at the company 2019s option the furniture was purchased at its fair market value . rental expense recorded for these leases during the fiscal years ended march 31 , 2001 , 2002 and 2003 was approximately $ 215000 , $ 215000 and $ 127000 respectively . during fiscal 2000 , the company entered into a 36-month capital lease for computer equipment and software for approximately $ 221000 . this lease ended in fiscal year 2003 and at the company 2019s option these assets were purchased at the stipulated buyout price . future minimum lease payments under all non-cancelable operating leases as of march 31 , 2003 are approximately as follows ( in thousands ) : .
|year ending march 31,|operating leases|
|2004|$ 781|
|2005|776|
|2006|776|
|2007|769|
|2008|772|
|thereafter|1480|
|total future minimum lease payments|$ 5354|
from time to time , the company is involved in legal and administrative proceedings and claims of various types . while any litigation contains an element of uncertainty , management , in consultation with the company 2019s general counsel , presently believes that the outcome of each such other proceedings or claims which are pending or known to be threatened , or all of them combined , will not have a material adverse effect on the company . 7 . stock option and purchase plans all stock options granted by the company under the below-described plans were granted at the fair value of the underlying common stock at the date of grant . outstanding stock options , if not exercised , expire 10 years from the date of grant . the 1992 combination stock option plan ( the combination plan ) , as amended , was adopted in september 1992 as a combination and restatement of the company 2019s then outstanding incentive stock option plan and nonqualified plan . a total of 2670859 options were awarded from the combination plan during its ten-year restatement term that ended on may 1 , 2002 . as of march 31 , 2003 , 1286042 of these options remain outstanding and eligible for future exercise . these options are held by company employees and generally become exercisable ratably over five years . the 1998 equity incentive plan , ( the equity incentive plan ) , was adopted by the company in august 1998 . the equity incentive plan provides for grants of options to key employees , directors , advisors and consultants as either incentive stock options or nonqualified stock options as determined by the company 2019s board of directors . a maximum of 1000000 shares of common stock may be awarded under this plan . options granted under the equity incentive plan are exercisable at such times and subject to such terms as the board of directors may specify at the time of each stock option grant . options outstanding under the equity incentive plan have vesting periods of 3 to 5 years from the date of grant . the 2000 stock incentive plan , ( the 2000 plan ) , was adopted by the company in august 2000 . the 2000 plan provides for grants of options to key employees , directors , advisors and consultants to the company or its subsidiaries as either incentive or nonqualified stock options as determined by the company 2019s board of directors . up to 1400000 shares of common stock may be awarded under the 2000 plan and are exercisable at such times and subject to such terms as the board of directors may specify at the time of each stock option grant . options outstanding under the 2000 plan generally vested 4 years from the date of grant . the company has a nonqualified stock option plan for non-employee directors ( the directors 2019 plan ) . the directors 2019 plan , as amended , was adopted in july 1989 and provides for grants of options to purchase shares of the company 2019s common stock to non-employee directors of the company . up to 400000 shares of common stock may be awarded under the directors 2019 plan . options outstanding under the directors 2019 plan have vesting periods of 1 to 5 years from the date of grant . notes to consolidated financial statements ( continued ) march 31 , 2003 page 25 .
Question: for the options awarded under the 1992 plan , what is the expected annual exercise of the shares?
Answer: | 534171.8 |
FINQA3893 | 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: for 2018 , wastewater was what percent of total capital expenditures?
Answer: | 0.05233 |
FINQA3894 | Please answer the given financial question based on the context.
Context: the goldman sachs group , inc . and subsidiaries management 2019s discussion and analysis the table below presents our average monthly assets under supervision by asset class . average for the year ended december $ in billions 2017 2016 2015 .
|$ in billions|average for theyear ended december 2017|average for theyear ended december 2016|average for theyear ended december 2015|
|alternative investments|$ 162|$ 149|$ 145|
|equity|292|256|247|
|fixed income|633|578|530|
|total long-term aus|1087|983|922|
|liquidity products|330|326|272|
|total aus|$ 1417|$ 1309|$ 1194|
operating environment . during 2017 , investment management operated in an environment characterized by generally higher asset prices , resulting in appreciation in both equity and fixed income assets . in addition , our long- term assets under supervision increased from net inflows primarily in fixed income and alternative investment assets . these increases were partially offset by net outflows in liquidity products . as a result , the mix of average assets under supervision during 2017 shifted slightly from liquidity products to long-term assets under supervision as compared to the mix at the end of 2016 . in the future , if asset prices decline , or investors favor assets that typically generate lower fees or investors withdraw their assets , net revenues in investment management would likely be negatively impacted . following a challenging first quarter of 2016 , market conditions improved during the remainder of 2016 with higher asset prices resulting in full year appreciation in both equity and fixed income assets . also , our assets under supervision increased during 2016 from net inflows , primarily in fixed income assets , and liquidity products . the mix of our average assets under supervision shifted slightly compared with 2015 from long-term assets under supervision to liquidity products . management fees were impacted by many factors , including inflows to advisory services and outflows from actively-managed mutual funds . 2017 versus 2016 . net revenues in investment management were $ 6.22 billion for 2017 , 7% ( 7 % ) higher than 2016 , due to higher management and other fees , reflecting higher average assets under supervision , and higher transaction revenues . during the year , total assets under supervision increased $ 115 billion to $ 1.49 trillion . long- term assets under supervision increased $ 128 billion , including net market appreciation of $ 86 billion , primarily in equity and fixed income assets , and net inflows of $ 42 billion ( which includes $ 20 billion of inflows in connection with the verus acquisition and $ 5 billion of equity asset outflows in connection with the australian divestiture ) , primarily in fixed income and alternative investment assets . liquidity products decreased $ 13 billion ( which includes $ 3 billion of inflows in connection with the verus acquisition ) . operating expenses were $ 4.80 billion for 2017 , 3% ( 3 % ) higher than 2016 , primarily due to increased compensation and benefits expenses , reflecting higher net revenues . pre-tax earnings were $ 1.42 billion in 2017 , 25% ( 25 % ) higher than 2016 versus 2015 . net revenues in investment management were $ 5.79 billion for 2016 , 7% ( 7 % ) lower than 2015 . this decrease primarily reflected significantly lower incentive fees compared with a strong 2015 . in addition , management and other fees were slightly lower , reflecting shifts in the mix of client assets and strategies , partially offset by the impact of higher average assets under supervision . during 2016 , total assets under supervision increased $ 127 billion to $ 1.38 trillion . long-term assets under supervision increased $ 75 billion , including net inflows of $ 42 billion , primarily in fixed income assets , and net market appreciation of $ 33 billion , primarily in equity and fixed income assets . in addition , liquidity products increased $ 52 billion . operating expenses were $ 4.65 billion for 2016 , 4% ( 4 % ) lower than 2015 , due to decreased compensation and benefits expenses , reflecting lower net revenues . pre-tax earnings were $ 1.13 billion in 2016 , 17% ( 17 % ) lower than 2015 . geographic data see note 25 to the consolidated financial statements for a summary of our total net revenues , pre-tax earnings and net earnings by geographic region . goldman sachs 2017 form 10-k 63 .
Question: long- term assets under supervision , in billions , were what excluding net market appreciation?
Answer: | 42.0 |
FINQA3895 | Please answer the given financial question based on the context.
Context: table of contents the notional amounts for outstanding derivative instruments provide one measure of the transaction volume outstanding and do not represent the amount of the company 2019s exposure to credit or market loss . the credit risk amounts represent the company 2019s gross exposure to potential accounting loss on derivative instruments that are outstanding or unsettled if all counterparties failed to perform according to the terms of the contract , based on then-current currency or interest rates at each respective date . the company 2019s exposure to credit loss and market risk will vary over time as currency and interest rates change . although the table above reflects the notional and credit risk amounts of the company 2019s derivative instruments , it does not reflect the gains or losses associated with the exposures and transactions that the instruments are intended to hedge . the amounts ultimately realized upon settlement of these financial instruments , together with the gains and losses on the underlying exposures , will depend on actual market conditions during the remaining life of the instruments . the company generally enters into master netting arrangements , which are designed to reduce credit risk by permitting net settlement of transactions with the same counterparty . to further limit credit risk , the company generally enters into collateral security arrangements that provide for collateral to be received or posted when the net fair value of certain financial instruments fluctuates from contractually established thresholds . the company presents its derivative assets and derivative liabilities at their gross fair values in its consolidated balance sheets . the net cash collateral received by the company related to derivative instruments under its collateral security arrangements was $ 1.0 billion as of september 26 , 2015 and $ 2.1 billion as of september 27 , 2014 . under master netting arrangements with the respective counterparties to the company 2019s derivative contracts , the company is allowed to net settle transactions with a single net amount payable by one party to the other . as of september 26 , 2015 and september 27 , 2014 , the potential effects of these rights of set-off associated with the company 2019s derivative contracts , including the effects of collateral , would be a reduction to both derivative assets and derivative liabilities of $ 2.2 billion and $ 1.6 billion , respectively , resulting in net derivative liabilities of $ 78 million and $ 549 million , respectively . accounts receivable receivables the company has considerable trade receivables outstanding with its third-party cellular network carriers , wholesalers , retailers , value-added resellers , small and mid-sized businesses and education , enterprise and government customers . the company generally does not require collateral from its customers ; however , the company will require collateral in certain instances to limit credit risk . in addition , when possible , the company attempts to limit credit risk on trade receivables with credit insurance for certain customers or by requiring third-party financing , loans or leases to support credit exposure . these credit-financing arrangements are directly between the third-party financing company and the end customer . as such , the company generally does not assume any recourse or credit risk sharing related to any of these arrangements . as of september 26 , 2015 , the company had one customer that represented 10% ( 10 % ) or more of total trade receivables , which accounted for 12% ( 12 % ) . as of september 27 , 2014 , the company had two customers that represented 10% ( 10 % ) or more of total trade receivables , one of which accounted for 16% ( 16 % ) and the other 13% ( 13 % ) . the company 2019s cellular network carriers accounted for 71% ( 71 % ) and 72% ( 72 % ) of trade receivables as of september 26 , 2015 and september 27 , 2014 , respectively . vendor non-trade receivables the company has non-trade receivables from certain of its manufacturing vendors resulting from the sale of components to these vendors who manufacture sub-assemblies or assemble final products for the company . the company purchases these components directly from suppliers . vendor non-trade receivables from three of the company 2019s vendors accounted for 38% ( 38 % ) , 18% ( 18 % ) and 14% ( 14 % ) of total vendor non-trade receivables as of september 26 , 2015 and three of the company 2019s vendors accounted for 51% ( 51 % ) , 16% ( 16 % ) and 14% ( 14 % ) of total vendor non-trade receivables as of september 27 , 2014 . note 3 2013 consolidated financial statement details the following tables show the company 2019s consolidated financial statement details as of september 26 , 2015 and september 27 , 2014 ( in millions ) : property , plant and equipment , net .
||2015|2014|
|land and buildings|$ 6956|$ 4863|
|machinery equipment and internal-use software|37038|29639|
|leasehold improvements|5263|4513|
|gross property plant and equipment|49257|39015|
|accumulated depreciation and amortization|-26786 ( 26786 )|-18391 ( 18391 )|
|total property plant and equipment net|$ 22471|$ 20624|
apple inc . | 2015 form 10-k | 53 .
Question: as of september 27 , 2014 , what percentage of total trade receivables did the company's two largest customers account for ?
Answer: | 29.0 |
FINQA3896 | 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: what were average operating profit for is&gs from 2011 to 2013 , in millions?
Answer: | 813.66667 |
FINQA3897 | Please answer the given financial question based on the context.
Context: concession-based shop-within-shops . in addition , we sell our products online through various third-party digital partner commerce sites . in asia , our wholesale business is comprised primarily of sales to department stores , with related products distributed through shop-within-shops . 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 2018 net revenues , which primarily consist of ( i ) sales of club monaco branded products made through our retail businesses in the u.s. , canada , and europe , and our licensing alliances in europe and asia , ( ii ) sales of ralph lauren branded products made through our wholesale business in latin america , and ( iii ) royalty revenues earned through our global licensing alliances , excluding club monaco . this segment structure is consistent with how we establish our overall business strategy , allocate resources , and assess performance of our company . approximately 45% ( 45 % ) of our fiscal 2018 net revenues were earned outside of the u.s . see note 19 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 2018 , our wholesale products were sold through over 12000 doors worldwide , with the majority in specialty stores . our products are also increasingly being sold through the digital commerce sites of many of our wholesale customers . the primary product offerings sold through our wholesale channels of distribution include apparel , accessories , and home furnishings . our luxury brands , including ralph lauren collection and ralph lauren purple label , are distributed worldwide through a limited number of premier fashion retailers . in north america , our wholesale business is comprised primarily of sales to department stores , and to a lesser extent , specialty stores . in europe , our wholesale business is comprised of a varying mix of sales to both department stores and specialty stores , depending on the country . in asia , our wholesale business is comprised primarily of sales to department stores , with related products distributed through shop-within-shops . 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 by segment the number of wholesale doors in our primary channels of distribution as of march 31 , 2018 and april 1 , march 31 , april 1 .
||march 312018|april 12017|
|north america|6848|7018|
|europe|4928|5690|
|asia|341|187|
|other non-reportable segments|109|171|
|total|12226|13066|
we have three key wholesale customers that generate significant sales volume . during fiscal 2018 , sales to our largest wholesale customer , macy's , inc . ( "macy's" ) , accounted for approximately 8% ( 8 % ) of our total net revenues . further , during fiscal 2018 , sales to our three largest wholesale customers , including macy's , accounted for approximately 19% ( 19 % ) of our total net revenues , as compared to approximately 21% ( 21 % ) during fiscal 2017 . 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 bologna , geneva , london , madrid , munich , panama , paris , and stockholm. .
Question: what percentage of wholesale distribution channels are due to europe as of march 31 , 2018?
Answer: | 0.40308 |
FINQA3898 | Please answer the given financial question based on the context.
Context: deposits 2014deposits include escrow funds and certain other deposits held in trust . the company includes cash deposits in other current assets . deferred compensation obligations 2014the company 2019s deferred compensation plans allow participants to defer certain cash compensation into notional investment accounts . the company includes such plans in other long-term liabilities . the value of the company 2019s deferred compensation obligations is based on the market value of the participants 2019 notional investment accounts . the notional investments are comprised primarily of mutual funds , which are based on observable market prices . mark-to-market derivative asset and liability 2014the company utilizes fixed-to-floating interest-rate swaps , typically designated as fair-value hedges , to achieve a targeted level of variable-rate debt as a percentage of total debt . the company also employs derivative financial instruments in the form of variable-to-fixed interest rate swaps and forward starting interest rate swaps , classified as economic hedges and cash flow hedges , respectively , in order to fix the interest cost on existing or forecasted debt . the company uses a calculation of future cash inflows and estimated future outflows , which are discounted , to determine the current fair value . additional inputs to the present value calculation include the contract terms , counterparty credit risk , interest rates and market volatility . other investments 2014other investments primarily represent money market funds used for active employee benefits . the company includes other investments in other current assets . note 18 : leases the company has entered into operating leases involving certain facilities and equipment . rental expenses under operating leases were $ 29 million , $ 24 million and $ 21 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . the operating leases for facilities will expire over the next 25 years and the operating leases for equipment will expire over the next 5 years . certain operating leases have renewal options ranging from one to five years . the minimum annual future rental commitment under operating leases that have initial or remaining non-cancelable lease terms over the next 5 years and thereafter are as follows: .
||amount|
|2018|$ 15|
|2019|14|
|2020|12|
|2021|9|
|2022|8|
|thereafter|65|
the company has a series of agreements with various public entities ( the 201cpartners 201d ) to establish certain joint ventures , commonly referred to as 201cpublic-private partnerships . 201d under the public-private partnerships , the company constructed utility plant , financed by the company and the partners constructed utility plant ( connected to the company 2019s property ) , financed by the partners . the company agreed to transfer and convey some of its real and personal property to the partners in exchange for an equal principal amount of industrial development bonds ( 201cidbs 201d ) , issued by the partners under a state industrial development bond and commercial development act . the company leased back the total facilities , including portions funded by both the company and the partners , under leases for a period of 40 years . the leases related to the portion of the facilities funded by the company have required payments from the company to the partners that approximate the payments required by the terms of the idbs from the partners to the company ( as the holder of the idbs ) . as the ownership of the portion of the facilities constructed by the .
Question: what percentage of minimum annual future rental commitment under operating leases that have initial or remaining non-cancelable lease terms is payable in 2022?
Answer: | 123.0 |
FINQA3899 | Please answer the given financial question based on the context.
Context: kimco realty corporation and subsidiaries notes to consolidated financial statements , continued the units consisted of ( i ) approximately 81.8 million preferred a units par value $ 1.00 per unit , which pay the holder a return of 7.0% ( 7.0 % ) per annum on the preferred a par value and are redeemable for cash by the holder at any time after one year or callable by the company any time after six months and contain a promote feature based upon an increase in net operating income of the properties capped at a 10.0% ( 10.0 % ) increase , ( ii ) 2000 class a preferred units , par value $ 10000 per unit , which pay the holder a return equal to libor plus 2.0% ( 2.0 % ) per annum on the class a preferred par value and are redeemable for cash by the holder at any time after november 30 , 2010 , ( iii ) 2627 class b-1 preferred units , par value $ 10000 per unit , which pay the holder a return equal to 7.0% ( 7.0 % ) per annum on the class b-1 preferred par value and are redeemable by the holder at any time after november 30 , 2010 , for cash or at the company 2019s option , shares of the company 2019s common stock , equal to the cash redemption amount , as defined , ( iv ) 5673 class b-2 preferred units , par value $ 10000 per unit , which pay the holder a return equal to 7.0% ( 7.0 % ) per annum on the class b-2 preferred par value and are redeemable for cash by the holder at any time after november 30 , 2010 , and ( v ) 640001 class c downreit units , valued at an issuance price of $ 30.52 per unit which pay the holder a return at a rate equal to the company 2019s common stock dividend and are redeemable by the holder at any time after november 30 , 2010 , for cash or at the company 2019s option , shares of the company 2019s common stock equal to the class c cash amount , as defined . the following units have been redeemed as of december 31 , 2010 : redeemed par value redeemed ( in millions ) redemption type .
|type|units redeemed|par value redeemed ( in millions )|redemption type|
|preferred a units|2200000|$ 2.2|cash|
|class a preferred units|2000|$ 20.0|cash|
|class b-1 preferred units|2438|$ 24.4|cash|
|class b-2 preferred units|5576|$ 55.8|cash/charitable contribution|
|class c downreit units|61804|$ 1.9|cash|
noncontrolling interest relating to the remaining units was $ 110.4 million and $ 113.1 million as of december 31 , 2010 and 2009 , respectively . during 2006 , the company acquired two shopping center properties located in bay shore and centereach , ny . included in noncontrolling interests was approximately $ 41.6 million , including a discount of $ 0.3 million and a fair market value adjustment of $ 3.8 million , in redeemable units ( the 201credeemable units 201d ) , issued by the company in connection with these transactions . the prop- erties were acquired through the issuance of $ 24.2 million of redeemable units , which are redeemable at the option of the holder ; approximately $ 14.0 million of fixed rate redeemable units and the assumption of approximately $ 23.4 million of non-recourse debt . the redeemable units consist of ( i ) 13963 class a units , par value $ 1000 per unit , which pay the holder a return of 5% ( 5 % ) per annum of the class a par value and are redeemable for cash by the holder at any time after april 3 , 2011 , or callable by the company any time after april 3 , 2016 , and ( ii ) 647758 class b units , valued at an issuance price of $ 37.24 per unit , which pay the holder a return at a rate equal to the company 2019s common stock dividend and are redeemable by the holder at any time after april 3 , 2007 , for cash or at the option of the company for common stock at a ratio of 1:1 , or callable by the company any time after april 3 , 2026 . the company is restricted from disposing of these assets , other than through a tax free transaction , until april 2016 and april 2026 for the centereach , ny , and bay shore , ny , assets , respectively . during 2007 , 30000 units , or $ 1.1 million par value , of theclass bunits were redeemed by the holder in cash at the option of the company . noncontrolling interest relating to the units was $ 40.4 million and $ 40.3 million as of december 31 , 2010 and 2009 , respectively . noncontrolling interests also includes 138015 convertible units issued during 2006 , by the company , which were valued at approxi- mately $ 5.3 million , including a fair market value adjustment of $ 0.3 million , related to an interest acquired in an office building located in albany , ny . these units are redeemable at the option of the holder after one year for cash or at the option of the company for the company 2019s common stock at a ratio of 1:1 . the holder is entitled to a distribution equal to the dividend rate of the company 2019s common stock . the company is restricted from disposing of these assets , other than through a tax free transaction , until january 2017. .
Question: what is the percentage change in noncontrolling interest relating to the remaining units from 2009 to 2010?
Answer: | -0.02387 |
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