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FINQA3900 | Please answer the given financial question based on the context.
Context: jpmorgan chase & co./2010 annual report 219 note 13 2013 securities financing activities jpmorgan chase enters into resale agreements , repurchase agreements , securities borrowed transactions and securities loaned transactions ( collectively , 201csecurities financing agree- ments 201d ) primarily to finance the firm 2019s inventory positions , ac- quire securities to cover short positions , accommodate customers 2019 financing needs , and settle other securities obligations . securities financing agreements are treated as collateralized financings on the firm 2019s consolidated balance sheets . resale and repurchase agreements are generally carried at the amounts at which the securities will be subsequently sold or repurchased , plus accrued interest . securities borrowed and securities loaned transactions are generally carried at the amount of cash collateral advanced or received . where appropriate under applicable ac- counting guidance , resale and repurchase agreements with the same counterparty are reported on a net basis . fees received or paid in connection with securities financing agreements are recorded in interest income or interest expense . the firm has elected the fair value option for certain securities financing agreements . for a further discussion of the fair value option , see note 4 on pages 187 2013189 of this annual report . the securities financing agreements for which the fair value option has been elected are reported within securities purchased under resale agreements ; securities loaned or sold under repurchase agreements ; and securities borrowed on the consolidated bal- ance sheets . generally , for agreements carried at fair value , current-period interest accruals are recorded within interest income and interest expense , with changes in fair value reported in principal transactions revenue . however , for financial instru- ments containing embedded derivatives that would be separately accounted for in accordance with accounting guidance for hybrid instruments , all changes in fair value , including any interest elements , are reported in principal transactions revenue . the following table details the firm 2019s securities financing agree- ments , all of which are accounted for as collateralized financings during the periods presented. .
|december 31 ( in millions )|2010|2009|
|securities purchased under resale agreements ( a )|$ 222302|$ 195328|
|securities borrowed ( b )|123587|119630|
|securities sold under repurchase agreements ( c )|$ 262722|$ 245692|
|securities loaned|10592|7835|
( a ) includes resale agreements of $ 20.3 billion and $ 20.5 billion accounted for at fair value at december 31 , 2010 and 2009 , respectively . ( b ) includes securities borrowed of $ 14.0 billion and $ 7.0 billion accounted for at fair value at december 31 , 2010 and 2009 , respectively . ( c ) includes repurchase agreements of $ 4.1 billion and $ 3.4 billion accounted for at fair value at december 31 , 2010 and 2009 , respectively . the amounts reported in the table above have been reduced by $ 112.7 billion and $ 121.2 billion at december 31 , 2010 and 2009 , respectively , as a result of agreements in effect that meet the specified conditions for net presentation under applicable accounting guidance . jpmorgan chase 2019s policy is to take possession , where possible , of securities purchased under resale agreements and of securi- ties borrowed . the firm monitors the market value of the un- derlying securities that it has received from its counterparties and either requests additional collateral or returns a portion of the collateral when appropriate in light of the market value of the underlying securities . margin levels are established initially based upon the counterparty and type of collateral and moni- tored on an ongoing basis to protect against declines in collat- eral value in the event of default . jpmorgan chase typically enters into master netting agreements and other collateral arrangements with its resale agreement and securities bor- rowed counterparties , which provide for the right to liquidate the purchased or borrowed securities in the event of a customer default . as a result of the firm 2019s credit risk mitigation practices described above on resale and securities borrowed agreements , the firm did not hold any reserves for credit impairment on these agreements as of december 31 , 2010 and 2009 . for a further discussion of assets pledged and collateral received in securities financing agreements see note 31 on pages 280 2013 281 of this annual report. .
Question: in 2010 what was the percent of the securities borrowed accounted for at fair value
Answer: | 0.00011 |
FINQA3901 | Please answer the given financial question based on the context.
Context: vornado realty trust notes to consolidated financial statements ( continued ) 13 . leases as lessor : we lease space to tenants under operating leases . most of the leases provide for the payment of fixed base rentals payable monthly in advance . office building leases generally require the tenants to reimburse us for operating costs and real estate taxes above their base year costs . shopping center leases provide for the pass-through to tenants the tenants 2019 share of real estate taxes , insurance and maintenance . shopping center leases also provide for the payment by the lessee of additional rent based on a percentage of the tenants 2019 sales . as of december 31 , 2008 , future base rental revenue under non-cancelable operating leases , excluding rents for leases with an original term of less than one year and rents resulting from the exercise of renewal options , is as follows : ( amounts in thousands ) year ending december 31: .
|2009|$ 1792000|
|2010|1732000|
|2011|1576000|
|2012|1417000|
|2013|1300000|
|thereafter|7216000|
these amounts do not include rentals based on tenants 2019 sales . these percentage rents approximated $ 7322000 , $ 9379000 , and $ 7593000 , for the years ended december 31 , 2008 , 2007 , and 2006 , respectively . none of our tenants accounted for more than 10% ( 10 % ) of total revenues for the years ended december 31 , 2008 , 2007 and former bradlees locations pursuant to the master agreement and guaranty , dated may 1 , 1992 , we are due $ 5000000 per annum of additional rent from stop & shop which was allocated to certain of bradlees former locations . on december 31 , 2002 , prior to the expiration of the leases to which the additional rent was allocated , we reallocated this rent to other former bradlees leases also guaranteed by stop & shop . stop & shop is contesting our right to reallocate and claims that we are no longer entitled to the additional rent . at december 31 , 2008 , we are due an aggregate of $ 30400000 . we believe the additional rent provision of the guaranty expires at the earliest in 2012 and we are vigorously contesting stop & shop 2019s position. .
Question: percentage rents totaled what in thousands for the years ended december 31 , 2008 and 2007?
Answer: | 16701000.0 |
FINQA3902 | Please answer the given financial question based on the context.
Context: the following table identifies the company 2019s aggregate contractual obligations due by payment period : payments due by period .
||total|less than 1 year|1-3 years|3-5 years|more than 5 years|
|property and casualty obligations [1]|$ 21885|$ 5777|$ 6150|$ 3016|$ 6942|
|life annuity and disability obligations [2]|281998|18037|37318|40255|186388|
|long-term debt obligations [3]|9093|536|1288|1613|5656|
|operating lease obligations|723|175|285|162|101|
|purchase obligations [4] [5]|1764|1614|120|14|16|
|other long-term liabilities reflected onthe balance sheet [6] [7]|1642|1590|2014|52|2014|
|total|$ 317105|$ 27729|$ 45161|$ 45112|$ 199103|
[1] the following points are significant to understanding the cash flows estimated for obligations under property and casualty contracts : reserves for property & casualty unpaid claim and claim adjustment expenses include case reserves for reported claims and reserves for claims incurred but not reported ( ibnr ) . while payments due on claim reserves are considered contractual obligations because they relate to insurance policies issued by the company , the ultimate amount to be paid to settle both case reserves and ibnr is an estimate , subject to significant uncertainty . the actual amount to be paid is not determined until the company reaches a settlement with the claimant . final claim settlements may vary significantly from the present estimates , particularly since many claims will not be settled until well into the future . in estimating the timing of future payments by year , the company has assumed that its historical payment patterns will continue . however , the actual timing of future payments will likely vary materially from these estimates due to , among other things , changes in claim reporting and payment patterns and large unanticipated settlements . in particular , there is significant uncertainty over the claim payment patterns of asbestos and environmental claims . also , estimated payments in 2005 do not include payments that will be made on claims incurred in 2005 on policies that were in force as of december 31 , 2004 . in addition , the table does not include future cash flows related to the receipt of premiums that will be used , in part , to fund loss payments . under generally accepted accounting principles , the company is only permitted to discount reserves for claim and claim adjustment expenses in cases where the payment pattern and ultimate loss costs are fixed and reliably determinable on an individual claim basis . for the company , these include claim settlements with permanently disabled claimants and certain structured settlement contracts that fund loss runoffs for unrelated parties . as of december 31 , 2004 , the total property and casualty reserves in the above table of $ 21885 are gross of the reserve discount of $ 556 . [2] estimated life , annuity and disability obligations include death and disability claims , policy surrenders , policyholder dividends and trail commissions offset by expected future deposits and premiums on in-force contracts . estimated contractual policyholder obligations are based on mortality , morbidity and lapse assumptions comparable with life 2019s historical experience , modified for recent observed trends . life has also assumed market growth and interest crediting consistent with assumptions used in amortizing deferred acquisition costs . in contrast to this table , the majority of life 2019s obligations are recorded on the balance sheet at the current account value , as described in critical accounting estimates , and do not incorporate an expectation of future market growth , interest crediting , or future deposits . therefore , the estimated contractual policyholder obligations presented in this table significantly exceed the liabilities recorded in reserve for future policy benefits and unpaid claims and claim adjustment expenses , other policyholder funds and benefits payable and separate account liabilities . due to the significance of the assumptions used , the amounts presented could materially differ from actual results . as separate account obligations are legally insulated from general account obligations , the separate account obligations will be fully funded by cash flows from separate account assets . life expects to fully fund the general account obligations from cash flows from general account investments and future deposits and premiums . [3] includes contractual principal and interest payments . payments exclude amounts associated with fair-value hedges of certain of the company 2019s long-term debt . all long-term debt obligations have fixed rates of interest . long-term debt obligations also includes principal and interest payments of $ 700 and $ 2.4 billion , respectively , related to junior subordinated debentures which are callable beginning in 2006 . see note 14 of notes to consolidated financial statements for additional discussion of long-term debt obligations . [4] includes $ 1.4 billion in commitments to purchase investments including $ 330 of limited partnerships and $ 299 of mortgage loans . outstanding commitments under these limited partnerships and mortgage loans are included in payments due in less than 1 year since the timing of funding these commitments cannot be estimated . the remaining $ 759 relates to payables for securities purchased which are reflected on the company 2019s consolidated balance sheet . [5] includes estimated contribution of $ 200 to the company 2019s pension plan in 2005 . [6] as of december 31 , 2004 , the company has accepted cash collateral of $ 1.6 billion in connection with the company 2019s securities lending program and derivative instruments . since the timing of the return of the collateral is uncertain , the return of the collateral has been included in the payments due in less than 1 year . [7] includes $ 52 in collateralized loan obligations ( 201cclos 201d ) issued to third-party investors by a consolidated investment management entity sponsored by the company in connection with synthetic clo transactions . the clo investors have no recourse to the company 2019s assets other than the dedicated assets collateralizing the clos . refer to note 4 of notes to consolidated financial statements for additional discussion of .
Question: what portion of total obligations are due within the next 3 years?
Answer: | 0.22986 |
FINQA3903 | Please answer the given financial question based on the context.
Context: outlook budget our board of directors approved a capital , investment and exploration spending budget of $ 5882 million for 2014 , including budgeted capital expenditures of $ 5777 million . our capital , investment and exploration spending budget is broken down by reportable segment in the table below . ( in millions ) 2014 budget percent of .
|( in millions )|2014 budget|percent of total|
|north america e&p|$ 4241|72% ( 72 % )|
|international e&p|1242|21% ( 21 % )|
|oil sands mining|294|5% ( 5 % )|
|segment total|5777|98% ( 98 % )|
|corporate and other|105|2% ( 2 % )|
|total capital investment and exploration spending budget|$ 5882|100% ( 100 % )|
we continue to focus on growing profitable reserves and production worldwide . in 2014 , we are accelerating drilling activity in our three key u.s . unconventional resource plays : the eagle ford , bakken and oklahoma resource basins , which account for approximately 60 percent of our budget . the majority of spending in our unconventional resource plays is intended for drilling . with an increased number of rigs in each of these areas , we plan to drill more net wells in these areas than in any previous year . we also have dedicated a portion of our capital budget in these areas to facility construction and recompletions . in our conventional assets , we will follow a disciplined spending plan that is intended to provide stable productionwith approximately 23 percent of our budget allocated to the development of these assets worldwide . we also plan to either drill or participate in 8 to 10 exploration wells throughout our portfolio , with 10 percent of our budget allocated to exploration projects . for additional information about expected exploration and development activities see item 1 . business . the above discussion includes forward-looking statements with respect to projected spending and investment in exploration and development activities under the 2014 capital , investment and exploration spending budget , accelerated rig and drilling activity in the eagle ford , bakken , and oklahoma resource basins , and future exploratory and development drilling activity . some factors which could potentially affect these forward-looking statements include pricing , supply and demand for liquid hydrocarbons and natural gas , the amount of capital available for exploration and development , regulatory constraints , timing of commencing production from new wells , drilling rig availability , availability of materials and labor , other risks associated with construction projects , unforeseen hazards such as weather conditions , acts of war or terrorist acts and the governmental or military response , and other geological , operating and economic considerations . these forward-looking statements may be further affected by the inability to obtain or delay in obtaining necessary government and third-party approvals or permits . the development projects could further be affected by presently known data concerning size and character of reservoirs , economic recoverability , future drilling success and production experience . the foregoing factors ( among others ) could cause actual results to differ materially from those set forth in the forward-looking statements . sales volumes we expect to increase our u.s . resource plays' net sales volumes by more than 30 percent in 2014 compared to 2013 , excluding dispositions . in addition , we expect total production growth to be approximately 4 percent in 2014 versus 2013 , excluding dispositions and libya . acquisitions and dispositions excluded from our budget are the impacts of acquisitions and dispositions not previously announced . we continually evaluate ways to optimize our portfolio through acquisitions and divestitures and exceeded our previously stated goal of divesting between $ 1.5 billion and $ 3.0 billion of assets over the period of 2011 through 2013 . for the three-year period ended december 31 , 2013 , we closed or entered agreements for approximately $ 3.5 billion in divestitures , of which $ 2.1 billion is from the sales of our angola assets . the sale of our interest in angola block 31 closed in february 2014 and the sale of our interest in angola block 32 is expected to close in the first quarter of 2014 . in december 2013 , we announced the commencement of efforts to market our assets in the north sea , both in the u.k . and norway , which would simplify and concentrate our portfolio to higher margin growth opportunities and increase our production growth rate . the above discussion includes forward-looking statements with respect to our percentage growth rate of production , production available for sale , the sale of our interest in angola block 32 and the possible sale of our u.k . and norway assets . some factors .
Question: corporate and other expenses were what percent of the total capital investment and exploration spending budget?
Answer: | 0.01785 |
FINQA3904 | Please answer the given financial question based on the context.
Context: item 7 . management 2019s discussion and analysis of financial condition and results of operations the following discussion of historical results of operations and financial condition should be read in conjunction with the audited financial statements and the notes thereto which appear elsewhere in this report . overview on april 12 , 1999 , pca acquired the containerboard and corrugated products business of pactiv corporation ( the 201cgroup 201d ) , formerly known as tenneco packaging inc. , a wholly owned subsidiary of tenneco , inc . the group operated prior to april 12 , 1999 as a division of pactiv , and not as a separate , stand-alone entity . from its formation in january 1999 and through the closing of the acquisition on april 12 , 1999 , pca did not have any significant operations . the april 12 , 1999 acquisition was accounted for using historical values for the contributed assets . purchase accounting was not applied because , under the applicable accounting guidance , a change of control was deemed not to have occurred as a result of the participating veto rights held by pactiv after the closing of the transactions under the terms of the stockholders agreement entered into in connection with the transactions . results of operations year ended december 31 , 2005 compared to year ended december 31 , 2004 the historical results of operations of pca for the years ended december , 31 2005 and 2004 are set forth the below : for the year ended december 31 , ( in millions ) 2005 2004 change .
|( in millions )|for the year ended december 31 , 2005|for the year ended december 31 , 2004|change|
|net sales|$ 1993.7|$ 1890.1|$ 103.6|
|income before interest and taxes|$ 116.1|$ 140.5|$ -24.4 ( 24.4 )|
|interest expense net|-28.1 ( 28.1 )|-29.6 ( 29.6 )|1.5|
|income before taxes|88.0|110.9|-22.9 ( 22.9 )|
|provision for income taxes|-35.4 ( 35.4 )|-42.2 ( 42.2 )|6.8|
|net income|$ 52.6|$ 68.7|$ -16.1 ( 16.1 )|
net sales net sales increased by $ 103.6 million , or 5.5% ( 5.5 % ) , for the year ended december 31 , 2005 from the year ended december 31 , 2004 . net sales increased primarily due to increased sales prices and volumes of corrugated products compared to 2004 . total corrugated products volume sold increased 4.2% ( 4.2 % ) to 31.2 billion square feet in 2005 compared to 29.9 billion square feet in 2004 . on a comparable shipment-per-workday basis , corrugated products sales volume increased 4.6% ( 4.6 % ) in 2005 from 2004 . excluding pca 2019s acquisition of midland container in april 2005 , corrugated products volume was 3.0% ( 3.0 % ) higher in 2005 than 2004 and up 3.4% ( 3.4 % ) compared to 2004 on a shipment-per-workday basis . shipments-per-workday is calculated by dividing our total corrugated products volume during the year by the number of workdays within the year . the larger percentage increase was due to the fact that 2005 had one less workday ( 250 days ) , those days not falling on a weekend or holiday , than 2004 ( 251 days ) . containerboard sales volume to external domestic and export customers decreased 12.2% ( 12.2 % ) to 417000 tons for the year ended december 31 , 2005 from 475000 tons in 2004. .
Question: what was the effective tax rate for pca in 2004?
Answer: | 0.38052 |
FINQA3905 | Please answer the given financial question based on the context.
Context: were more than offset by higher raw material and energy costs ( $ 312 million ) , increased market related downtime ( $ 187 million ) and other items ( $ 30 million ) . com- pared with 2003 , higher 2005 earnings in the brazilian papers , u.s . coated papers and u.s . market pulp busi- nesses were offset by lower earnings in the u.s . un- coated papers and the european papers businesses . the printing papers segment took 995000 tons of downtime in 2005 , including 540000 tons of lack-of-order down- time to align production with customer demand . this compared with 525000 tons of downtime in 2004 , of which 65000 tons related to lack-of-orders . printing papers in millions 2005 2004 2003 .
|in millions|2005|2004|2003|
|sales|$ 7860|$ 7670|$ 7280|
|operating profit|$ 552|$ 581|$ 464|
uncoated papers sales totaled $ 4.8 billion in 2005 compared with $ 5.0 billion in 2004 and 2003 . sales price realizations in the united states averaged 4.4% ( 4.4 % ) higher in 2005 than in 2004 , and 4.6% ( 4.6 % ) higher than 2003 . favorable pricing momentum which began in 2004 carried over into the beginning of 2005 . demand , however , began to weaken across all grades as the year progressed , resulting in lower price realizations in the second and third quarters . however , prices stabilized as the year ended . total shipments for the year were 7.2% ( 7.2 % ) lower than in 2004 and 4.2% ( 4.2 % ) lower than in 2003 . to continue matching our productive capacity with customer demand , the business announced the perma- nent closure of three uncoated freesheet machines and took significant lack-of-order downtime during the period . demand showed some improvement toward the end of the year , bolstered by the introduction our new line of vision innovation paper products ( vip technologiestm ) , with improved brightness and white- ness . mill operations were favorable compared to last year , and the rebuild of the no . 1 machine at the east- over , south carolina mill was completed as planned in the fourth quarter . however , the favorable impacts of improved mill operations and lower overhead costs were more than offset by record high input costs for energy and wood and higher transportation costs compared to 2004 . the earnings decline in 2005 compared with 2003 was principally due to lower shipments , higher down- time and increased costs for wood , energy and trans- portation , partially offset by lower overhead costs and favorable mill operations . average sales price realizations for our european operations remained relatively stable during 2005 , but averaged 1% ( 1 % ) lower than in 2004 , and 6% ( 6 % ) below 2003 levels . sales volumes rose slightly , up 1% ( 1 % ) in 2005 com- pared with 2004 and 5% ( 5 % ) compared to 2003 . earnings were lower than in 2004 , reflecting higher wood and energy costs and a compression of margins due to un- favorable foreign currency exchange movements . earn- ings were also adversely affected by downtime related to the rebuild of three paper machines during the year . coated papers sales in the united states were $ 1.6 bil- lion in 2005 , compared with $ 1.4 billion in 2004 and $ 1.3 billion in 2003 . the business reported an operating profit in 2005 versus a small operating loss in 2004 . the earnings improvement was driven by higher average sales prices and improved mill operations . price realiza- tions in 2005 averaged 13% ( 13 % ) higher than 2004 . higher input costs for raw materials and energy partially offset the benefits from improved prices and operations . sales volumes were about 1% ( 1 % ) lower in 2005 versus 2004 . market pulp sales from our u.s . and european facilities totaled $ 757 million in 2005 compared with $ 661 mil- lion and $ 571 million in 2004 and 2003 , respectively . operating profits in 2005 were up 86% ( 86 % ) from 2004 . an operating loss had been reported in 2003 . higher aver- age prices and sales volumes , lower overhead costs and improved mill operations in 2005 more than offset in- creases in raw material , energy and chemical costs . u.s . softwood and hardwood pulp prices improved through the 2005 first and second quarters , then declined during the third quarter , but recovered somewhat toward year end . softwood pulp prices ended the year about 2% ( 2 % ) lower than 2004 , but were 15% ( 15 % ) higher than 2003 , while hardwood pulp prices ended the year about 15% ( 15 % ) higher than 2004 and 10% ( 10 % ) higher than 2003 . u.s . pulp sales volumes were 12% ( 12 % ) higher than in 2004 and 19% ( 19 % ) higher than in 2003 , reflecting increased global demand . euro- pean pulp volumes increased 15% ( 15 % ) and 2% ( 2 % ) compared with 2004 and 2003 , respectively , while average sales prices increased 4% ( 4 % ) and 11% ( 11 % ) compared with 2004 and 2003 , respectively . brazilian paper sales were $ 684 million in 2005 com- pared with $ 592 million in 2004 and $ 540 million in 2003 . sales volumes for uncoated freesheet paper , coated paper and wood chips were down from 2004 , but average price realizations improved for exported un- coated freesheet and coated groundwood paper grades . favorable currency translation , as yearly average real exchange rates versus the u.s . dollar were 17% ( 17 % ) higher in 2005 than in 2004 , positively impacted reported sales in u.s . dollars . average sales prices for domestic un- coated paper declined 4% ( 4 % ) in local currency versus 2004 , while domestic coated paper prices were down 3% ( 3 % ) . operating profits in 2005 were down 9% ( 9 % ) from 2004 , but were up 2% ( 2 % ) from 2003 . earnings in 2005 were neg- atively impacted by a weaker product and geographic sales mix for both uncoated and coated papers , reflecting increased competition and softer demand , particularly in the printing , commercial and editorial market segments. .
Question: what percentage of printing paper sales is attributable to uncoated papers sales in 2004?
Answer: | 0.65189 |
FINQA3906 | Please answer the given financial question based on the context.
Context: entergy corporation and subsidiaries management 2019s financial discussion and analysis the volume/weather variance is primarily due to an increase of 1402 gwh , or 1% ( 1 % ) , in billed electricity usage , including an increase in industrial usage and the effect of more favorable weather . the increase in industrial sales was primarily due to expansion in the chemicals industry and the addition of new customers , partially offset by decreased demand primarily due to extended maintenance outages for existing chemicals customers . the waterford 3 replacement steam generator provision is due to a regulatory charge of approximately $ 32 million recorded in 2015 related to the uncertainty associated with the resolution of the waterford 3 replacement steam generator project . see note 2 to the financial statements for a discussion of the waterford 3 replacement steam generator prudence review proceeding . the miso deferral variance is primarily due to the deferral in 2014 of non-fuel miso-related charges , as approved by the lpsc and the mpsc . the deferral of non-fuel miso-related charges is partially offset in other operation and maintenance expenses . see note 2 to the financial statements for further discussion of the recovery of non-fuel miso-related charges . the louisiana business combination customer credits variance is due to a regulatory liability of $ 107 million recorded by entergy in october 2015 as a result of the entergy gulf states louisiana and entergy louisiana business combination . consistent with the terms of the stipulated settlement in the business combination proceeding , electric customers of entergy louisiana will realize customer credits associated with the business combination ; accordingly , in october 2015 , entergy recorded a regulatory liability of $ 107 million ( $ 66 million net-of-tax ) . see note 2 to the financial statements for further discussion of the business combination and customer credits . entergy wholesale commodities following is an analysis of the change in net revenue comparing 2015 to 2014 . amount ( in millions ) .
||amount ( in millions )|
|2014 net revenue|$ 2224|
|nuclear realized price changes|-310 ( 310 )|
|vermont yankee shutdown in december 2014|-305 ( 305 )|
|nuclear volume excluding vermont yankee effect|20|
|other|37|
|2015 net revenue|$ 1666|
as shown in the table above , net revenue for entergy wholesale commodities decreased by approximately $ 558 million in 2016 primarily due to : 2022 lower realized wholesale energy prices , primarily due to significantly higher northeast market power prices in 2014 , and lower capacity prices in 2015 ; and 2022 a decrease in net revenue as a result of vermont yankee ceasing power production in december 2014 . the decrease was partially offset by higher volume in the entergy wholesale commodities nuclear fleet , excluding vermont yankee , resulting from fewer refueling outage days in 2015 as compared to 2014 , partially offset by more unplanned outage days in 2015 as compared to 2014. .
Question: what percentage of 2015 net revenue relates to the nuclear volume impact?
Answer: | 0.012 |
FINQA3907 | Please answer the given financial question based on the context.
Context: 1 2 4 n o t e s effective january 1 , 2011 , all u.s . employees , including u.s . legacy bgi employees , will participate in the brsp . all plan assets in the two legacy bgi plans , including the 401k plan and retirement plan ( see below ) , were merged into the brsp on january 1 , 2011 . under the combined brsp , employee contributions of up to 8% ( 8 % ) of eligible compensation , as defined by the plan and subject to irc limitations , will be matched by the company at 50% ( 50 % ) . in addition , the company will continue to make an annual retirement contribution to eligible participants equal to 3-5% ( 3-5 % ) of eligible compensation . blackrock institutional trust company 401 ( k ) savings plan ( formerly the bgi 401 ( k ) savings plan ) the company assumed a 401 ( k ) plan ( the 201cbgi plan 201d ) covering employees of former bgi as a result of the bgi transaction . as part of the bgi plan , employee contributions for participants with at least one year of service were matched at 200% ( 200 % ) of participants 2019 pre-tax contributions up to 2% ( 2 % ) of base salary and overtime , and matched 100% ( 100 % ) of the next 2% ( 2 % ) of base salary and overtime , as defined by the plan and subject to irc limitations . the maximum matching contribution a participant would have received is an amount equal to 6% ( 6 % ) of base salary up to the irc limitations . the bgi plan expense was $ 12 million for the year ended december 31 , 2010 and immaterial to the company 2019s consolidated financial statements for the year ended december 31 , 2009 . effective january 1 , 2011 , the net assets of this plan merged into the brsp . blackrock institutional trust company retirement plan ( formerly the bgi retirement plan ) the company assumed a defined contribution money purchase pension plan ( 201cbgi retirement plan 201d ) as a result of the bgi transaction . all salaried employees of former bgi and its participating affiliates who were u.s . residents on the u.s . payroll were eligible to participate . for participants earning less than $ 100000 in base salary , the company contributed 6% ( 6 % ) of a participant 2019s total compensation ( base salary , overtime and performance bonus ) up to $ 100000 . for participants earning $ 100000 or more in base salary , the company contributed 6% ( 6 % ) of a participant 2019s base salary and overtime up to the irc limita- tion of $ 245000 in 2010 . these contributions were 25% ( 25 % ) vested once the participant has completed two years of service and then vested at a rate of 25% ( 25 % ) for each additional year of service completed . employees with five or more years of service under the retirement plan were 100% ( 100 % ) vested in their entire balance . the retirement plan expense was $ 13 million for the year ended december 31 , 2010 and immaterial to the company 2019s consolidated financial statements for the year ended december 31 , 2009 . effective january 1 , 2011 , the net assets of this plan merged into the brsp . blackrock group personal pension plan blackrock investment management ( uk ) limited ( 201cbim 201d ) , a wholly-owned subsidiary of the company , contributes to the blackrock group personal pension plan , a defined contribution plan for all employees of bim . bim contributes between 6% ( 6 % ) and 15% ( 15 % ) of each employee 2019s eligible compensation . the expense for this plan was $ 22 million , $ 13 million and $ 16 million for the years ended december 31 , 2010 , 2009 and 2008 , respectively . defined benefit plans in 2009 , prior to the bgi transaction , the company had several defined benefit pension plans in japan , germany , luxembourg and jersey . all accrued benefits under these defined benefit plans are currently frozen and the plans are closed to new participants . in 2008 , the defined benefit pension values in luxembourg were transferred into a new defined contribution plan for such employees , removing future liabilities . participant benefits under the plans will not change with salary increases or additional years of service . through the bgi transaction , the company assumed defined benefit pension plans in japan and germany which are closed to new participants . during 2010 , these plans merged into the legacy blackrock plans in japan ( the 201cjapan plan 201d ) and germany . at december 31 , 2010 and 2009 , the plan assets for these plans were approximately $ 19 million and $ 10 million , respectively , and the unfunded obligations were less than $ 6 million and $ 3 million , respectively , which were recorded in accrued compensation and benefits on the consolidated statements of financial condition . benefit payments for the next five years and in aggregate for the five years thereafter are not expected to be material . defined benefit plan assets for the japan plan of approximately $ 16 million are invested using a total return investment approach whereby a mix of equity securities , debt securities and other investments are used to preserve asset values , diversify risk and achieve the target investment return benchmark . investment strategies and asset allocations are based on consideration of plan liabilities and the funded status of the plan . investment performance and asset allocation are measured and monitored on an ongoing basis . the current target allocations for the plan assets are 45-50% ( 45-50 % ) for u.s . and international equity securities , 50-55% ( 50-55 % ) for u.s . and international fixed income securities and 0-5% ( 0-5 % ) for cash and cash equivalents . the table below provides the fair value of the defined benefit japan plan assets at december 31 , 2010 by asset category . the table also identifies the level of inputs used to determine the fair value of assets in each category . quoted prices significant in active other markets for observable identical assets inputs december 31 , ( dollar amounts in millions ) ( level 1 ) ( level 2 ) 2010 .
|( dollar amounts in millions )|quoted prices inactive marketsfor identical assets ( level 1 )|significant other observable inputs ( level 2 )|december 31 2010|
|cash and cash equivalents|$ 9|$ 2014|$ 9|
|equity securities|4|2014|4|
|fixed income securities|2014|3|3|
|fair value of plan assets|$ 13|$ 3|$ 16|
the assets and unfunded obligation for the defined benefit pension plan in germany and jersey were immaterial to the company 2019s consolidated financial statements at december 31 , 2010 . post-retirement benefit plans prior to the bgi transaction , the company had requirements to deliver post-retirement medical benefits to a closed population based in the united kingdom and through the bgi transaction , the company assumed a post-retirement benefit plan to a closed population of former bgi employees in the united kingdom . for the years ended december 31 , 2010 , 2009 and 2008 , expenses and unfunded obligations for these benefits were immaterial to the company 2019s consolidated financial statements . in addition , through the bgi transaction , the company assumed a requirement to deliver post-retirement medical benefits to a .
Question: what are the level 2 significant other observable inputs for the fair value of plan assets as a percentage of quoted prices significant in active other markets for observable identical assets inputs as of december 31 , 2010?
Answer: | 0.1875 |
FINQA3908 | Please answer the given financial question based on the context.
Context: 9 . junior subordinated debt securities payable in accordance with the provisions of the junior subordinated debt securities which were issued on march 29 , 2004 , holdings elected to redeem the $ 329897 thousand of 6.2% ( 6.2 % ) junior subordinated debt securities outstanding on may 24 , 2013 . as a result of the early redemption , the company incurred pre-tax expense of $ 7282 thousand related to the immediate amortization of the remaining capitalized issuance costs on the trust preferred securities . interest expense incurred in connection with these junior subordinated debt securities is as follows for the periods indicated: .
|( dollars in thousands )|years ended december 31 , 2014|years ended december 31 , 2013|years ended december 31 , 2012|
|interest expense incurred|$ -|$ 8181|$ 20454|
holdings considered the mechanisms and obligations relating to the trust preferred securities , taken together , constituted a full and unconditional guarantee by holdings of capital trust ii 2019s payment obligations with respect to their trust preferred securities . 10 . reinsurance and trust agreements certain subsidiaries of group have established trust agreements , which effectively use the company 2019s investments as collateral , as security for assumed losses payable to certain non-affiliated ceding companies . at december 31 , 2014 , the total amount on deposit in trust accounts was $ 322285 thousand . on april 24 , 2014 , the company entered into two collateralized reinsurance agreements with kilimanjaro re limited ( 201ckilimanjaro 201d ) , a bermuda based special purpose reinsurer , to provide the company with catastrophe reinsurance coverage . these agreements are multi-year reinsurance contracts which cover specified named storm and earthquake events . the first agreement provides up to $ 250000 thousand of reinsurance coverage from named storms in specified states of the southeastern united states . the second agreement provides up to $ 200000 thousand of reinsurance coverage from named storms in specified states of the southeast , mid-atlantic and northeast regions of the united states and puerto rico as well as reinsurance coverage from earthquakes in specified states of the southeast , mid-atlantic , northeast and west regions of the united states , puerto rico and british columbia . on november 18 , 2014 , the company entered into a collateralized reinsurance agreement with kilimanjaro re to provide the company with catastrophe reinsurance coverage . this agreement is a multi-year reinsurance contract which covers specified earthquake events . the agreement provides up to $ 500000 thousand of reinsurance coverage from earthquakes in the united states , puerto rico and canada . kilimanjaro has financed the various property catastrophe reinsurance coverage by issuing catastrophe bonds to unrelated , external investors . on april 24 , 2014 , kilimanjaro issued $ 450000 thousand of variable rate notes ( 201cseries 2014-1 notes 201d ) . on november 18 , 2014 , kilimanjaro issued $ 500000 thousand of variable rate notes ( 201cseries 2014-2 notes 201d ) . the proceeds from the issuance of the series 2014-1 notes and the series 2014-2 notes are held in reinsurance trust throughout the duration of the applicable reinsurance agreements and invested solely in us government money market funds with a rating of at least 201caaam 201d by standard & poor 2019s. .
Question: what is the total amount of notes issued by kilimanjaro in 2014 , in thousands?
Answer: | 950000.0 |
FINQA3909 | Please answer the given financial question based on the context.
Context: obligations of non-consolidated affiliates , mainly cpw . in addition , off-balance sheet arrangements are generally limited to the future payments under non-cancelable operating leases , which totaled $ 559 million as of may 27 , as of may 27 , 2018 , we had invested in five variable interest entities ( vies ) . none of our vies are material to our results of operations , financial condition , or liquidity as of and for the fiscal year ended may 27 , 2018 . our defined benefit plans in the united states are subject to the requirements of the pension protection act ( ppa ) . in the future , the ppa may require us to make additional contributions to our domestic plans . we do not expect to be required to make any contributions in fiscal 2019 . the following table summarizes our future estimated cash payments under existing contractual obligations , including payments due by period: .
|in millions|payments due by fiscal year total|payments due by fiscal year 2019|payments due by fiscal year 2020 -21|payments due by fiscal year 2022 -23|payments due by fiscal year 2024 and thereafter|
|long-term debt ( a )|$ 14354.0|$ 1599.8|$ 3122.6|$ 2315.5|$ 7316.1|
|accrued interest|107.7|107.7|-|-|-|
|operating leases ( b )|559.3|137.4|208.0|122.7|91.2|
|capital leases|0.5|0.3|0.2|-|-|
|purchase obligations ( c )|3417.0|2646.9|728.8|39.8|1.5|
|total contractual obligations|18438.5|4492.1|4059.6|2478.0|7408.8|
|other long-term obligations ( d )|1199.0|-|-|-|-|
|total long-term obligations|$ 19637.5|$ 4492.1|$ 4059.6|$ 2478.0|$ 7408.8|
( a ) amounts represent the expected cash payments of our long-term debt and do not include $ 0.5 million for capital leases or $ 85.7 million for net unamortized debt issuance costs , premiums and discounts , and fair value adjustments . ( b ) operating leases represents the minimum rental commitments under non-cancelable operating leases . ( c ) the majority of the purchase obligations represent commitments for raw material and packaging to be utilized in the normal course of business and for consumer marketing spending commitments that support our brands . for purposes of this table , arrangements are considered purchase obligations if a contract specifies all significant terms , including fixed or minimum quantities to be purchased , a pricing structure , and approximate timing of the transaction . most arrangements are cancelable without a significant penalty and with short notice ( usually 30 days ) . any amounts reflected on the consolidated balance sheets as accounts payable and accrued liabilities are excluded from the table above . ( d ) the fair value of our foreign exchange , equity , commodity , and grain derivative contracts with a payable position to the counterparty was $ 16 million as of may 27 , 2018 , based on fair market values as of that date . future changes in market values will impact the amount of cash ultimately paid or received to settle those instruments in the future . other long-term obligations mainly consist of liabilities for accrued compensation and benefits , including the underfunded status of certain of our defined benefit pension , other postretirement benefit , and postemployment benefit plans , and miscellaneous liabilities . we expect to pay $ 20 million of benefits from our unfunded postemployment benefit plans and $ 18 million of deferred compensation in fiscal 2019 . we are unable to reliably estimate the amount of these payments beyond fiscal 2019 . as of may 27 , 2018 , our total liability for uncertain tax positions and accrued interest and penalties was $ 223.6 million . significant accounting estimates for a complete description of our significant accounting policies , please see note 2 to the consolidated financial statements in item 8 of this report . our significant accounting estimates are those that have a meaningful impact .
Question: in 2019 what was the ratio of the anticipated future payments for the post-employment benefit plans and deferred compensation
Answer: | 1.11111 |
FINQA3910 | Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis 120 jpmorgan chase & co./2012 annual report $ 12.0 billion , and jpmorgan clearing 2019s net capital was $ 6.6 billion , exceeding the minimum requirement by $ 5.0 billion . in addition to its minimum net capital requirement , jpmorgan securities is required to hold tentative net capital in excess of $ 1.0 billion and is also required to notify the sec in the event that tentative net capital is less than $ 5.0 billion , in accordance with the market and credit risk standards of appendix e of the net capital rule . as of december 31 , 2012 , jpmorgan securities had tentative net capital in excess of the minimum and notification requirements . j.p . morgan securities plc ( formerly j.p . morgan securities ltd. ) is a wholly-owned subsidiary of jpmorgan chase bank , n.a . and is the firm 2019s principal operating subsidiary in the u.k . it has authority to engage in banking , investment banking and broker-dealer activities . j.p . morgan securities plc is regulated by the u.k . financial services authority ( 201cfsa 201d ) . at december 31 , 2012 , it had total capital of $ 20.8 billion , or a total capital ratio of 15.5% ( 15.5 % ) which exceeded the 8% ( 8 % ) well-capitalized standard applicable to it under basel 2.5 . economic risk capital jpmorgan chase assesses its capital adequacy relative to the risks underlying its business activities using internal risk-assessment methodologies . the firm measures economic capital primarily based on four risk factors : credit , market , operational and private equity risk. .
|year ended december 31 ( in billions )|yearly average 2012|yearly average 2011|yearly average 2010|
|credit risk|$ 46.6|$ 48.2|$ 49.7|
|market risk|17.5|14.5|15.1|
|operational risk|15.9|8.5|7.4|
|private equity risk|6.0|6.9|6.2|
|economic risk capital|86.0|78.1|78.4|
|goodwill|48.2|48.6|48.6|
|other ( a )|50.2|46.6|34.5|
|total common stockholders 2019equity|$ 184.4|$ 173.3|$ 161.5|
( a ) reflects additional capital required , in the firm 2019s view , to meet its regulatory and debt rating objectives . credit risk capital credit risk capital is estimated separately for the wholesale businesses ( cib , cb and am ) and consumer business ( ccb ) . credit risk capital for the wholesale credit portfolio is defined in terms of unexpected credit losses , both from defaults and from declines in the value of the portfolio due to credit deterioration , measured over a one-year period at a confidence level consistent with an 201caa 201d credit rating standard . unexpected losses are losses in excess of those for which the allowance for credit losses is maintained . the capital methodology is based on several principal drivers of credit risk : exposure at default ( or loan-equivalent amount ) , default likelihood , credit spreads , loss severity and portfolio correlation . credit risk capital for the consumer portfolio is based on product and other relevant risk segmentation . actual segment-level default and severity experience are used to estimate unexpected losses for a one-year horizon at a confidence level consistent with an 201caa 201d credit rating standard . the decrease in credit risk capital in 2012 was driven by consumer portfolio runoff and continued model enhancements to better estimate future stress credit losses in the consumer portfolio . see credit risk management on pages 134 2013135 of this annual report for more information about these credit risk measures . market risk capital the firm calculates market risk capital guided by the principle that capital should reflect the risk of loss in the value of the portfolios and financial instruments caused by adverse movements in market variables , such as interest and foreign exchange rates , credit spreads , and securities and commodities prices , taking into account the liquidity of the financial instruments . results from daily var , weekly stress tests , issuer credit spreads and default risk calculations , as well as other factors , are used to determine appropriate capital levels . market risk capital is allocated to each business segment based on its risk assessment . the increase in market risk capital in 2012 was driven by increased risk in the synthetic credit portfolio . see market risk management on pages 163 2013169 of this annual report for more information about these market risk measures . operational risk capital operational risk is the risk of loss resulting from inadequate or failed processes or systems , human factors or external events . the operational risk capital model is based on actual losses and potential scenario-based losses , with adjustments to the capital calculation to reflect changes in the quality of the control environment . the increase in operational risk capital in 2012 was primarily due to continued model enhancements to better capture large historical loss events , including mortgage-related litigation costs . the increases that occurred during 2012 will be fully reflected in average operational risk capital in 2013 . see operational risk management on pages 175 2013176 of this annual report for more information about operational risk . private equity risk capital capital is allocated to privately- and publicly-held securities , third-party fund investments , and commitments in the private equity portfolio , within the corporate/private equity segment , to cover the potential loss associated with a decline in equity markets and related asset devaluations . in addition to negative market fluctuations , potential losses in private equity investment portfolios can be magnified by liquidity risk. .
Question: in comparing 2010 and 2012 figures , how much additional capital , in percentage , is required in 2012 for the firm to meet regulatory and debt obligations?
Answer: | 1.45507 |
FINQA3911 | Please answer the given financial question based on the context.
Context: majority of the increased tax position is attributable to temporary differences . the increase in 2014 current period tax positions related primarily to the company 2019s change in tax accounting method filed in 2008 for repair and maintenance costs on its utility plant . the company does not anticipate material changes to its unrecognized tax benefits within the next year . if the company sustains all of its positions at december 31 , 2014 and 2013 , an unrecognized tax benefit of $ 9444 and $ 7439 , respectively , excluding interest and penalties , would impact the company 2019s effective tax rate . the following table summarizes the changes in the company 2019s valuation allowance: .
|balance at january 1 2012|$ 21579|
|increases in current period tax positions|2014|
|decreases in current period tax positions|-2059 ( 2059 )|
|balance at december 31 2012|$ 19520|
|increases in current period tax positions|2014|
|decreases in current period tax positions|-5965 ( 5965 )|
|balance at december 31 2013|$ 13555|
|increases in current period tax positions|2014|
|decreases in current period tax positions|-3176 ( 3176 )|
|balance at december 31 2014|$ 10379|
included in 2013 is a discrete tax benefit totaling $ 2979 associated with an entity re-organization within the company 2019s market-based operations segment that allowed for the utilization of state net operating loss carryforwards and the release of an associated valuation allowance . note 13 : employee benefits pension and other postretirement benefits the company maintains noncontributory defined benefit pension plans covering eligible employees of its regulated utility and shared services operations . benefits under the plans are based on the employee 2019s years of service and compensation . the pension plans have been closed for all employees . the pension plans were closed for most employees hired on or after january 1 , 2006 . union employees hired on or after january 1 , 2001 had their accrued benefit frozen and will be able to receive this benefit as a lump sum upon termination or retirement . union employees hired on or after january 1 , 2001 and non-union employees hired on or after january 1 , 2006 are provided with a 5.25% ( 5.25 % ) of base pay defined contribution plan . the company does not participate in a multiemployer plan . the company 2019s pension funding practice is to contribute at least the greater of the minimum amount required by the employee retirement income security act of 1974 or the normal cost . further , the company will consider additional contributions if needed to avoid 201cat risk 201d status and benefit restrictions under the pension protection act of 2006 . the company may also consider increased contributions , based on other financial requirements and the plans 2019 funded position . pension plan assets are invested in a number of actively managed and commingled funds including equity and bond funds , fixed income securities , guaranteed interest contracts with insurance companies , real estate funds and real estate investment trusts ( 201creits 201d ) . pension expense in excess of the amount contributed to the pension plans is deferred by certain regulated subsidiaries pending future recovery in rates charged for utility services as contributions are made to the plans . ( see note 6 ) the company also has unfunded noncontributory supplemental non-qualified pension plans that provide additional retirement benefits to certain employees. .
Question: by how much did the company 2019s valuation allowance decrease from the beginning of 2012 to the end of 2014?
Answer: | -0.51902 |
FINQA3912 | Please answer the given financial question based on the context.
Context: 13 . pension and other postretirement benefit plans the company has defined benefit pension plans covering eligible employees in the united states and in certain of its international subsidiaries . as a result of plan design changes approved in 2011 , beginning on january 1 , 2013 , active participants in merck 2019s primary u.s . defined benefit pension plans are accruing pension benefits using new cash balance formulas based on age , service , pay and interest . however , during a transition period from january 1 , 2013 through december 31 , 2019 , participants will earn the greater of the benefit as calculated under the employee 2019s legacy final average pay formula or their new cash balance formula . for all years of service after december 31 , 2019 , participants will earn future benefits under only the cash balance formula . in addition , the company provides medical benefits , principally to its eligible u.s . retirees and their dependents , through its other postretirement benefit plans . the company uses december 31 as the year-end measurement date for all of its pension plans and other postretirement benefit plans . net periodic benefit cost the net periodic benefit cost for pension and other postretirement benefit plans consisted of the following components: .
|years ended december 31|pension benefits 2013|pension benefits 2012|pension benefits 2011|pension benefits 2013|pension benefits 2012|2011|
|service cost|$ 682|$ 555|$ 619|$ 102|$ 82|$ 110|
|interest cost|665|661|718|107|121|141|
|expected return on plan assets|-1097 ( 1097 )|-970 ( 970 )|-972 ( 972 )|-126 ( 126 )|-136 ( 136 )|-142 ( 142 )|
|net amortization|336|185|201|-50 ( 50 )|-35 ( 35 )|-17 ( 17 )|
|termination benefits|58|27|59|50|18|29|
|curtailments|-23 ( 23 )|-10 ( 10 )|-86 ( 86 )|-11 ( 11 )|-7 ( 7 )|1|
|settlements|23|18|4|2014|2014|2014|
|net periodic benefit cost|$ 644|$ 466|$ 543|$ 72|$ 43|$ 122|
the increase in net periodic benefit cost for pension and other postretirement benefit plans in 2013 as compared with 2012 is largely attributable to a change in the discount rate . the net periodic benefit cost attributable to u.s . pension plans included in the above table was $ 348 million in 2013 , $ 268 million in 2012 and $ 406 million in in connection with restructuring actions ( see note 3 ) , termination charges were recorded in 2013 , 2012 and 2011 on pension and other postretirement benefit plans related to expanded eligibility for certain employees exiting merck . also , in connection with these restructuring activities , curtailments were recorded in 2013 , 2012 and 2011 on pension and other postretirement benefit plans . in addition , settlements were recorded in 2013 , 2012 and 2011 on certain domestic and international pension plans . table of contents .
Question: in 2013 what was the percent of the net periodic benefit cost attributable to the us
Answer: | 0.7236 |
FINQA3913 | Please answer the given financial question based on the context.
Context: table of contents index to financial statements item 3 . legal proceedings . item 4 . mine safety disclosures . not applicable . part ii price range our common stock trades on the nasdaq global select market under the symbol 201cmktx 201d . the range of closing price information for our common stock , as reported by nasdaq , was as follows : on february 16 , 2012 , the last reported closing price of our common stock on the nasdaq global select market was $ 32.65 . holders there were 41 holders of record of our common stock as of february 16 , 2012 . dividend policy we initiated a regular quarterly dividend in the fourth quarter of 2009 . during 2010 and 2011 , we paid quarterly cash dividends of $ 0.07 per share and $ 0.09 per share , respectively . in january 2012 , our board of directors approved a quarterly cash dividend of $ 0.11 per share payable on march 1 , 2012 to stockholders of record as of the close of business on february 16 , 2012 . any future declaration and payment of dividends will be at the sole discretion of the company 2019s board of directors . the board of directors may take into account such matters as general business conditions , the company 2019s financial results , capital requirements , contractual , legal , and regulatory restrictions on the payment of dividends to the company 2019s stockholders or by the company 2019s subsidiaries to the parent and any such other factors as the board of directors may deem relevant . recent sales of unregistered securities item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities. .
|2011:|high|low|
|january 1 2011 to march 31 2011|$ 24.19|$ 19.78|
|april 1 2011 to june 30 2011|$ 25.22|$ 21.00|
|july 1 2011 to september 30 2011|$ 30.75|$ 23.41|
|october 1 2011 to december 31 2011|$ 31.16|$ 24.57|
|2010:|high|low|
|january 1 2010 to march 31 2010|$ 16.20|$ 13.25|
|april 1 2010 to june 30 2010|$ 17.40|$ 13.45|
|july 1 2010 to september 30 2010|$ 17.30|$ 12.39|
|october 1 2010 to december 31 2010|$ 20.93|$ 16.93|
.
Question: based on the total holders of common stock as of february 16 , 2012 , what was the market share of mktx common stock?
Answer: | 1338.65 |
FINQA3914 | Please answer the given financial question based on the context.
Context: and $ 19 million of these expenses in 2011 and 2010 , respectively , with the remaining expense unallocated . the company financed the acquisition with the proceeds from a $ 1.0 billion three-year term loan credit facility , $ 1.5 billion in unsecured notes , and the issuance of 61 million shares of aon common stock . in addition , as part of the consideration , certain outstanding hewitt stock options were converted into options to purchase 4.5 million shares of aon common stock . these items are detailed further in note 8 2018 2018debt 2019 2019 and note 11 2018 2018stockholders 2019 equity 2019 2019 . the transaction has been accounted for using the acquisition method of accounting which requires , among other things , that most assets acquired and liabilities assumed be recognized at their fair values as of the acquisition date . the following table summarizes the amounts recognized for assets acquired and liabilities assumed as of the acquisition date ( in millions ) : amounts recorded as of the acquisition .
||amountsrecorded as ofthe acquisitiondate|
|working capital ( 1 )|$ 348|
|property equipment and capitalized software|297|
|identifiable intangible assets:||
|customer relationships|1800|
|trademarks|890|
|technology|215|
|other noncurrent assets ( 2 )|344|
|long-term debt|346|
|other noncurrent liabilities ( 3 )|360|
|net deferred tax liability ( 4 )|1021|
|net assets acquired|2167|
|goodwill|2765|
|total consideration transferred|$ 4932|
( 1 ) includes cash and cash equivalents , short-term investments , client receivables , other current assets , accounts payable and other current liabilities . ( 2 ) includes primarily deferred contract costs and long-term investments . ( 3 ) includes primarily unfavorable lease obligations and deferred contract revenues . ( 4 ) included in other current assets ( $ 31 million ) , deferred tax assets ( $ 30 million ) , other current liabilities ( $ 7 million ) and deferred tax liabilities ( $ 1.1 billion ) in the company 2019s consolidated statements of financial position . the acquired customer relationships are being amortized over a weighted average life of 12 years . the technology asset is being amortized over 7 years and trademarks have been determined to have indefinite useful lives . goodwill is calculated as the excess of the acquisition cost over the fair value of the net assets acquired and represents the synergies and other benefits that are expected to arise from combining the operations of hewitt with the operations of aon , and the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized . goodwill is not amortized and is not deductible for tax purposes . a single estimate of fair value results from a complex series of the company 2019s judgments about future events and uncertainties and relies heavily on estimates and assumptions . the company 2019s .
Question: what portion of the total consideration transferred is dedicated to goodwill?
Answer: | 0.56062 |
FINQA3915 | Please answer the given financial question based on the context.
Context: is&gs 2019 operating profit decreased $ 60 million , or 8% ( 8 % ) , for 2014 compared to 2013 . the decrease was primarily attributable to the activities mentioned above for sales , lower risk retirements and reserves recorded on an international program , partially offset by severance recoveries related to the restructuring announced in november 2013 of approximately $ 20 million for 2014 . adjustments not related to volume , including net profit booking rate adjustments , were approximately $ 30 million lower for 2014 compared to 2013 . 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 and the outsourcing desktop initiative for nasa ) . 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 life cycles , 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 . backlog backlog increased in 2014 compared to 2013 primarily due to several multi-year international awards and various u.s . multi-year extensions . this increase was partially offset by declining activities on various direct warfighter support and command and control programs impacted by defense budget reductions . backlog decreased in 2013 compared to 2012 primarily due to lower orders on several programs ( such as eram and ngi ) , higher sales on certain programs ( the national science foundation antarctic support and the disa gsm-o ) and declining activities on several smaller programs primarily due to the continued downturn in federal information technology budgets . trends we expect is&gs 2019 net sales to decline in 2015 in the low to mid single digit percentage range as compared to 2014 , primarily driven by the continued downturn in federal information technology budgets , an increasingly competitive environment , including the disaggregation of existing contracts , and new contract award delays , partially offset by increased sales resulting from acquisitions that occurred during the year . operating profit is expected to decline in the low double digit percentage range in 2015 primarily driven by volume and an increase in intangible amortization from 2014 acquisition activity , resulting in 2015 margins that are lower than 2014 results . missiles and fire control our mfc business segment provides air and missile defense systems ; tactical missiles and air-to-ground precision strike weapon systems ; logistics and other technical services ; fire control systems ; mission operations support , readiness , engineering support and integration services ; and manned and unmanned ground vehicles . mfc 2019s major programs include pac-3 , thaad , multiple launch rocket system , hellfire , jassm , javelin , apache , sniper ae , low altitude navigation and targeting infrared for night ( lantirn ae ) and sof clss . mfc 2019s operating results included the following ( in millions ) : .
||2014|2013|2012|
|net sales|$ 7680|$ 7757|$ 7457|
|operating profit|1358|1431|1256|
|operating margins|17.7% ( 17.7 % )|18.4% ( 18.4 % )|16.8% ( 16.8 % )|
|backlog at year-end|$ 13600|$ 15000|$ 14700|
2014 compared to 2013 mfc 2019s net sales for 2014 decreased $ 77 million , or 1% ( 1 % ) , compared to 2013 . the decrease was primarily attributable to lower net sales of approximately $ 385 million for technical services programs due to decreased volume reflecting market pressures ; and about $ 115 million for tactical missile programs due to fewer deliveries ( primarily high mobility artillery .
Question: what was the percentage change in the net sales from 2012 to 2013
Answer: | 0.04023 |
FINQA3916 | Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis of financial condition and results of operations maturity at an effective rate of 6.33% ( 6.33 % ) . in december we issued $ 250 million of unsecured floating rate debt at 26 basis points over libor . the debt matures in two years , but is callable at our option after six months . 25cf in august , we paid off $ 15 million of a $ 40 million secured floating rate term loan . we also assumed $ 29.9 million of secured debt in conjunction with a property acquisition in atlanta . 25cf the average balance and average borrowing rate of our $ 500 million revolving credit facility were slightly higher in 2004 than in 2003 . at the end of 2004 we were not utilizing our credit facility . depreciation and amortization expense depreciation and amortization expense increased from $ 188.0 million in 2003 to $ 224.6 million in 2004 as a result of increased capital spending associated with increased leasing , the additional basis resulting from acquisitions , development activity and the application of sfas 141 as described below . the points below highlight the significant increase in depreciation and amortization . 25cf depreciation expense on tenant improvements increased by $ 14.1 million . 25cf depreciation expense on buildings increased by $ 6.0 million . 25cf lease commission amortization increased by $ 2.2 million . the amortization expense associated with acquired lease intangible assets increased by approximately $ 10.0 million . the acquisitions were accounted for in accordance with sfas 141 which requires the allocation of a portion of a property 2019s purchase price to intangible assets for leases acquired and in-place at the closing date of the acquisition . these intangible assets are amortized over the remaining life of the leases ( generally 3-5 years ) as compared to the building basis portion of the acquisition , which is depreciated over 40 years . service operations service operations primarily consist of our merchant building sales and the leasing , management , construction and development services for joint venture properties and properties owned by third parties . these operations are heavily influenced by the current state of the economy as leasing and management fees are dependent upon occupancy while construction and development services rely on businesses expanding operations . service operations earnings increased from $ 21.8 million in 2003 to $ 24.4 million in 2004 . the increase reflects higher construction volumes partially offset by increased staffing costs for our new national development and construction group and construction jobs in certain markets . other factors impacting service operations are discussed below . 25cf we experienced a 1.6% ( 1.6 % ) decrease in our overall gross profit margin percentage in our general contractor business in 2004 as compared to 2003 , due to continued competitive pricing pressure in many of our markets . we expect margins to increase in 2005 as economic conditions improve . however , despite this decrease , we were able to increase our net general contractor revenues from $ 26.8 million in 2003 to $ 27.6 million in 2004 because of an increase in volume . this volume increase was attributable to continued low financing costs available to businesses , thereby making it more attractive for them to own instead of lease facilities . we have a substantial backlog of $ 183.2 million for third party construction as of december 31 , 2004 , that will carry into 2005 . 25cf our merchant building development and sales program , whereby a building is developed by us and then sold , is a significant component of construction and development income . during 2004 , we generated after tax gains of $ 16.5 million from the sale of six properties compared to $ 9.6 million from the sale of four properties in 2003 . profit margins on these types of building sales fluctuate by sale depending on the type of property being sold , the strength of the underlying tenant and nature of the sale , such as a pre-contracted purchase price for a primary tenant versus a sale on the open market . general and administrative expense general and administrative expense increased from $ 22.1 million in 2003 to $ 26.4 million in 2004 . the increase was a result of increased staffing and employee compensation costs to support development of our national development and construction group . we also experienced an increase in marketing to support certain new projects . other income and expenses earnings from sales of land and ownership interests in unconsolidated companies , net of impairment adjustments , is comprised of the following amounts in 2004 and 2003 ( in thousands ) : .
||2004|2003|
|gain on sale of joint venture interests|$ 83|$ 8617|
|gain on land sales|10543|7695|
|impairment adjustment|-424 ( 424 )|-560 ( 560 )|
|total|$ 10202|$ 15752|
in the first quarter of 2003 , we sold our 50% ( 50 % ) interest in a joint venture that owned and operated depreciable investment property . the joint venture developed and operated real estate assets ; thus , the gain was not included in operating income. .
Question: in 2004 what was the amount of the total gains on sales of the joint venture and the land
Answer: | 127.0241 |
FINQA3917 | Please answer the given financial question based on the context.
Context: year ended december 31 , 2004 compared to year ended december 31 , 2003 the historical results of operations of pca for the years ended december 31 , 2004 and 2003 are set forth below : for the year ended december 31 , ( in millions ) 2004 2003 change .
|( in millions )|for the year ended december 31 , 2004|for the year ended december 31 , 2003|change|
|net sales|$ 1890.1|$ 1735.5|$ 154.6|
|income before interest and taxes|$ 140.5|$ 96.9|$ 43.6|
|interest expense net|-29.6 ( 29.6 )|-121.8 ( 121.8 )|92.2|
|income ( loss ) before taxes|110.9|-24.9 ( 24.9 )|135.8|
|( provision ) benefit for income taxes|-42.2 ( 42.2 )|10.5|-52.7 ( 52.7 )|
|net income ( loss )|$ 68.7|$ -14.4 ( 14.4 )|$ 83.1|
net sales net sales increased by $ 154.6 million , or 8.9% ( 8.9 % ) , for the year ended december 31 , 2004 from the year ended december 31 , 2003 . net sales increased due to improved sales volumes and prices of corrugated products and containerboard compared to 2003 . total corrugated products volume sold increased 6.6% ( 6.6 % ) to 29.9 billion square feet in 2004 compared to 28.1 billion square feet in 2003 . on a comparable shipment-per-workday basis , corrugated products sales volume increased 7.0% ( 7.0 % ) in 2004 from 2003 . excluding pca 2019s acquisition of acorn in february 2004 , corrugated products volume was 5.3% ( 5.3 % ) higher in 2004 than 2003 and up 5.8% ( 5.8 % ) compared to 2003 on a shipment-per-workday basis . shipments-per-workday is calculated by dividing our total corrugated products volume during the year by the number of workdays within the year . the larger percentage increase was due to the fact that 2004 had one less workday ( 251 days ) , those days not falling on a weekend or holiday , than 2003 ( 252 days ) . containerboard sales volume to external domestic and export customers increased 6.8% ( 6.8 % ) to 475000 tons for the year ended december 31 , 2004 from 445000 tons in 2003 . income before interest and taxes income before interest and taxes increased by $ 43.6 million , or 45.1% ( 45.1 % ) , for the year ended december 31 , 2004 compared to 2003 . included in income before interest and taxes for the year ended december 31 , 2004 is income of $ 27.8 million , net of expenses , attributable to a dividend paid to pca by stv , the timberlands joint venture in which pca owns a 311 20443% ( 20443 % ) ownership interest . included in income before interest and taxes for the year ended december 31 , 2003 is a $ 3.3 million charge for fees and expenses related to the company 2019s debt refinancing which was completed in july 2003 , and a fourth quarter charge of $ 16.0 million to settle certain benefits related matters with pactiv corporation dating back to april 12 , 1999 when pca became a stand-alone company , as described below . during the fourth quarter of 2003 , pactiv notified pca that we owed pactiv additional amounts for hourly pension benefits and workers 2019 compensation liabilities dating back to april 12 , 1999 . a settlement of $ 16.0 million was negotiated between pactiv and pca in december 2003 . the full amount of the settlement was accrued in the fourth quarter of 2003 . excluding these special items , operating income decreased $ 3.4 million in 2004 compared to 2003 . the $ 3.4 million decrease in income before interest and taxes was primarily attributable to increased energy and transportation costs ( $ 19.2 million ) , higher recycled and wood fiber costs ( $ 16.7 million ) , increased salary expenses related to annual increases and new hires ( $ 5.7 million ) , and increased contractual hourly labor costs ( $ 5.6 million ) , which was partially offset by increased sales volume and sales prices ( $ 44.3 million ) . .
Question: what were operating expenses in 2004?
Answer: | 1749.6 |
FINQA3918 | Please answer the given financial question based on the context.
Context: entergy corporation and subsidiaries notes to financial statements ( a ) consists of pollution control revenue bonds and environmental revenue bonds , some of which are secured by collateral first mortgage bonds . ( b ) these notes do not have a stated interest rate , but have an implicit interest rate of 4.8% ( 4.8 % ) . ( c ) pursuant to the nuclear waste policy act of 1982 , entergy 2019s nuclear owner/licensee subsidiaries have contracts with the doe for spent nuclear fuel disposal service . the contracts include a one-time fee for generation prior to april 7 , 1983 . entergy arkansas is the only entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee , plus accrued interest , in long-term debt . ( d ) see note 10 to the financial statements for further discussion of the waterford 3 lease obligation and entergy louisiana 2019s acquisition of the equity participant 2019s beneficial interest in the waterford 3 leased assets and for further discussion of the grand gulf lease obligation . ( e ) this note does not have a stated interest rate , but has an implicit interest rate of 7.458% ( 7.458 % ) . ( f ) the fair value excludes lease obligations of $ 57 million at entergy louisiana and $ 34 million at system energy , and long-term doe obligations of $ 182 million at entergy arkansas , and includes debt due within one year . fair values are classified as level 2 in the fair value hierarchy discussed in note 15 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades . the annual long-term debt maturities ( excluding lease obligations and long-term doe obligations ) for debt outstanding as of december 31 , 2016 , for the next five years are as follows : amount ( in thousands ) .
||amount ( in thousands )|
|2017|$ 307403|
|2018|$ 828084|
|2019|$ 724899|
|2020|$ 795000|
|2021|$ 1674548|
in november 2000 , entergy 2019s non-utility nuclear business purchased the fitzpatrick and indian point 3 power plants in a seller-financed transaction . as part of the purchase agreement with nypa , entergy recorded a liability representing the net present value of the payments entergy would be liable to nypa for each year that the fitzpatrick and indian point 3 power plants would run beyond their respective original nrc license expiration date . in october 2015 , entergy announced a planned shutdown of fitzpatrick at the end of its fuel cycle . as a result of the announcement , entergy reduced this liability by $ 26.4 million pursuant to the terms of the purchase agreement . in august 2016 , entergy entered into a trust transfer agreement with nypa to transfer the decommissioning trust funds and decommissioning liabilities for the indian point 3 and fitzpatrick plants to entergy . as part of the trust transfer agreement , the original decommissioning agreements were amended , and the entergy subsidiaries 2019 obligation to make additional license extension payments to nypa was eliminated . in the third quarter 2016 , entergy removed the note payable of $ 35.1 million from the consolidated balance sheet . entergy louisiana , entergy mississippi , entergy texas , and system energy have obtained long-term financing authorizations from the ferc that extend through october 2017 . entergy arkansas has obtained long-term financing authorization from the apsc that extends through december 2018 . entergy new orleans has obtained long-term financing authorization from the city council that extends through june 2018 . capital funds agreement pursuant to an agreement with certain creditors , entergy corporation has agreed to supply system energy with sufficient capital to : 2022 maintain system energy 2019s equity capital at a minimum of 35% ( 35 % ) of its total capitalization ( excluding short- term debt ) ; .
Question: what amount of long-term debt is due in the next 24 months for entergy corporation as of december 31 , 2016 , in millions?
Answer: | 1135.487 |
FINQA3919 | Please answer the given financial question based on the context.
Context: a summary of the company 2019s significant contractual obligations as of december 31 , 2015 , follows : contractual obligations .
|( millions )|total|payments due by year 2016|payments due by year 2017|payments due by year 2018|payments due by year 2019|payments due by year 2020|payments due by year after 2020|
|long-term debt including current portion ( note 10 )|$ 9878|$ 1125|$ 744|$ 993|$ 622|$ 1203|$ 5191|
|interest on long-term debt|2244|174|157|153|149|146|1465|
|operating leases ( note 14 )|943|234|191|134|86|72|226|
|capital leases ( note 14 )|59|11|6|4|3|3|32|
|unconditional purchase obligations and other|1631|1228|160|102|54|56|31|
|total contractual cash obligations|$ 14755|$ 2772|$ 1258|$ 1386|$ 914|$ 1480|$ 6945|
long-term debt payments due in 2016 and 2017 include floating rate notes totaling $ 126 million ( classified as current portion of long-term debt ) , and $ 96 million ( included as a separate floating rate note in the long-term debt table ) , respectively , as a result of put provisions associated with these debt instruments . interest projections on both floating and fixed rate long-term debt , including the effects of interest rate swaps , are based on effective interest rates as of december 31 , 2015 . unconditional purchase obligations are defined as an agreement to purchase goods or services that is enforceable and legally binding on the company . included in the unconditional purchase obligations category above are certain obligations related to take or pay contracts , capital commitments , service agreements and utilities . these estimates include both unconditional purchase obligations with terms in excess of one year and normal ongoing purchase obligations with terms of less than one year . many of these commitments relate to take or pay contracts , in which 3m guarantees payment to ensure availability of products or services that are sold to customers . the company expects to receive consideration ( products or services ) for these unconditional purchase obligations . contractual capital commitments are included in the preceding table , but these commitments represent a small part of the company 2019s expected capital spending in 2016 and beyond . the purchase obligation amounts do not represent the entire anticipated purchases in the future , but represent only those items for which the company is contractually obligated . the majority of 3m 2019s products and services are purchased as needed , with no unconditional commitment . for this reason , these amounts will not provide a reliable indicator of the company 2019s expected future cash outflows on a stand-alone basis . other obligations , included in the preceding table within the caption entitled 201cunconditional purchase obligations and other , 201d include the current portion of the liability for uncertain tax positions under asc 740 , which is expected to be paid out in cash in the next 12 months . the company is not able to reasonably estimate the timing of the long-term payments or the amount by which the liability will increase or decrease over time ; therefore , the long-term portion of the net tax liability of $ 208 million is excluded from the preceding table . refer to note 8 for further details . as discussed in note 11 , the company does not have a required minimum cash pension contribution obligation for its u.s . plans in 2016 and company contributions to its u.s . and international pension plans are expected to be largely discretionary in future years ; therefore , amounts related to these plans are not included in the preceding table . financial instruments the company enters into foreign exchange forward contracts , options and swaps to hedge against the effect of exchange rate fluctuations on cash flows denominated in foreign currencies and certain intercompany financing transactions . the company manages interest rate risks using a mix of fixed and floating rate debt . to help manage borrowing costs , the company may enter into interest rate swaps . under these arrangements , the company agrees to exchange , at specified intervals , the difference between fixed and floating interest amounts calculated by reference to an agreed-upon notional principal amount . the company manages commodity price risks through negotiated supply contracts , price protection agreements and forward contracts. .
Question: what was the percent of the total interest on long-term debt to the total contractual cash obligations
Answer: | 0.15208 |
FINQA3920 | Please answer the given financial question based on the context.
Context: goodwill is assigned to one or more reporting segments on the date of acquisition . we evaluate goodwill for impairment by comparing the fair value of each of our reporting segments to its carrying value , including the associated goodwill . to determine the fair values , we use the market approach based on comparable publicly traded companies in similar lines of businesses and the income approach based on estimated discounted future cash flows . our cash flow assumptions consider historical and forecasted revenue , operating costs and other relevant factors . we amortize intangible assets with finite lives over their estimated useful lives and review them for impairment whenever an impairment indicator exists . we continually monitor events and changes in circumstances that could indicate carrying amounts of our long-lived assets , including our intangible assets may not be recoverable . when such events or changes in circumstances occur , we assess recoverability by determining whether the carrying value of such assets will be recovered through the undiscounted expected future cash flows . if the future undiscounted cash flows are less than the carrying amount of these assets , we recognize an impairment loss based on any excess of the carrying amount over the fair value of the assets . we did not recognize any intangible asset impairment charges in fiscal 2012 , 2011 or 2010 . our intangible assets are amortized over their estimated useful lives of 1 to 13 years . amortization is based on the pattern in which the economic benefits of the intangible asset will be consumed . the weighted average useful lives of our intangible assets was as follows : weighted average useful life ( years ) .
||weighted averageuseful life ( years )|
|purchased technology|5|
|customer contracts and relationships|10|
|trademarks|7|
|acquired rights to use technology|9|
|localization|1|
|other intangibles|3|
software development costs capitalization of software development costs for software to be sold , leased , or otherwise marketed begins upon the establishment of technological feasibility , which is generally the completion of a working prototype that has been certified as having no critical bugs and is a release candidate . amortization begins once the software is ready for its intended use , generally based on the pattern in which the economic benefits will be consumed . to date , software development costs incurred between completion of a working prototype and general availability of the related product have not been material . internal use software we capitalize costs associated with customized internal-use software systems that have reached the application development stage . such capitalized costs include external direct costs utilized in developing or obtaining the applications and payroll and payroll-related expenses for employees , who are directly associated with the development of the applications . capitalization of such costs begins when the preliminary project stage is complete and ceases at the point in which the project is substantially complete and is ready for its intended purpose . income taxes we use the asset and liability method of accounting for income taxes . under this method , income tax expense is recognized for the amount of taxes payable or refundable for the current year . in addition , deferred tax assets and liabilities are recognized for expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities , and for operating losses and tax credit carryforwards . we record a valuation allowance to reduce deferred tax assets to an amount for which realization is more likely than not . table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) .
Question: what is the yearly amortization rate related to other intangibles?
Answer: | 33.33333 |
FINQA3921 | Please answer the given financial question based on the context.
Context: subject to fluctuation and , consequently , the amount realized in the subsequent sale of an investment may differ significantly from its current reported value . fluctuations in the market price of a security may result from perceived changes in the underlying economic characteristics of the issuer , the relative price of alternative investments and general market conditions . the table below summarizes equity investments that are subject to equity price fluctuations at december 31 , 2012 . equity investments are included in other assets in our consolidated balance sheets . ( in millions ) carrying unrealized net of tax .
|( in millions )|costbasis|fairvalue|carryingvalue|unrealizedgainnet of tax|
|bm&fbovespa s.a .|$ 262.9|$ 690.6|$ 690.6|$ 271.4|
|bolsa mexicana de valores s.a.b . de c.v .|17.3|29.3|29.3|7.6|
|imarex asa|2014|1.8|1.8|1.1|
we do not currently hedge against equity price risk . equity investments are assessed for other-than- temporary impairment on a quarterly basis. .
Question: what is the unrealized gain pre-tex for bm&fbovespa?
Answer: | 427.7 |
FINQA3922 | Please answer the given financial question based on the context.
Context: note 9 . commitments and contingencies operating leases we are obligated under noncancelable operating leases for corporate office space , warehouse and distribution facilities , trucks and certain equipment . the future minimum lease commitments under these leases at december 31 , 2009 are as follows ( in thousands ) : years ending december 31: .
|2010|$ 55178|
|2011|45275|
|2012|36841|
|2013|30789|
|2014|22094|
|thereafter|59263|
|future minimum lease payments|$ 249440|
rental expense for operating leases was approximately $ 57.2 million , $ 49.0 million and $ 26.6 million during the years ended december 31 , 2009 , 2008 and 2007 , respectively . we guarantee the residual values of the majority of our truck and equipment operating leases . the residual values decline over the lease terms to a defined percentage of original cost . in the event the lessor does not realize the residual value when a piece of equipment is sold , we would be responsible for a portion of the shortfall . similarly , if the lessor realizes more than the residual value when a piece of equipment is sold , we would be paid the amount realized over the residual value . had we terminated all of our operating leases subject to these guarantees at december 31 , 2009 , the guaranteed residual value would have totaled approximately $ 27.8 million . litigation and related contingencies in december 2005 and may 2008 , ford global technologies , llc filed complaints with the international trade commission against us and others alleging that certain aftermarket parts imported into the u.s . infringed on ford design patents . the parties settled these matters in april 2009 pursuant to a settlement arrangement that expires in september 2011 . pursuant to the settlement , we ( and our designees ) became the sole distributor in the united states of aftermarket automotive parts that correspond to ford collision parts that are covered by a united states design patent . we have paid ford an upfront fee for these rights and will pay a royalty for each such part we sell . the amortization of the upfront fee and the royalty expenses are reflected in cost of goods sold on the accompanying consolidated statements of income . we also have certain other contingencies resulting from litigation , claims and other commitments and are subject to a variety of environmental and pollution control laws and regulations incident to the ordinary course of business . we currently expect that the resolution of such contingencies will not materially affect our financial position , results of operations or cash flows . note 10 . business combinations on october 1 , 2009 , we acquired greenleaf auto recyclers , llc ( 201cgreenleaf 201d ) from ssi for $ 38.8 million , net of cash acquired . greenleaf is the entity through which ssi operated its late model automotive parts recycling business . we recorded a gain on bargain purchase for the greenleaf acquisition totaling $ 4.3 million , which is .
Question: what was the percentage change in rental expense for operating leases from 2007 to 2008?
Answer: | 0.84211 |
FINQA3923 | Please answer the given financial question based on the context.
Context: notes to consolidated financial statements the firm permanently reinvests eligible earnings of certain foreign subsidiaries and , accordingly , does not accrue any u.s . income taxes that would arise if such earnings were repatriated . as of december 2012 and december 2011 , this policy resulted in an unrecognized net deferred tax liability of $ 3.75 billion and $ 3.32 billion , respectively , attributable to reinvested earnings of $ 21.69 billion and $ 20.63 billion , respectively . unrecognized tax benefits the firm recognizes tax positions in the financial statements only when it is more likely than not that the position will be sustained on examination by the relevant taxing authority based on the technical merits of the position . a position that meets this standard is measured at the largest amount of benefit that will more likely than not be realized on settlement . a liability is established for differences between positions taken in a tax return and amounts recognized in the financial statements . as of december 2012 and december 2011 , the accrued liability for interest expense related to income tax matters and income tax penalties was $ 374 million and $ 233 million , respectively . the firm recognized $ 95 million , $ 21 million and $ 28 million of interest and income tax penalties for the years ended december 2012 , december 2011 and december 2010 , respectively . it is reasonably possible that unrecognized tax benefits could change significantly during the twelve months subsequent to december 2012 due to potential audit settlements , however , at this time it is not possible to estimate any potential change . the table below presents the changes in the liability for unrecognized tax benefits . this liability is included in 201cother liabilities and accrued expenses . 201d see note 17 for further information. .
|in millions|as of december 2012|as of december 2011|as of december 2010|
|balance beginning of year|$ 1887|$ 2081|$ 1925|
|increases based on tax positions related to the current year|190|171|171|
|increases based on tax positions related to prior years|336|278|162|
|decreases related to tax positions of prior years|-109 ( 109 )|-41 ( 41 )|-104 ( 104 )|
|decreases related to settlements|-35 ( 35 )|-638 ( 638 )|-128 ( 128 )|
|acquisitions/ ( dispositions )|-47 ( 47 )|47|56|
|exchange rate fluctuations|15|-11 ( 11 )|-1 ( 1 )|
|balance end of year|$ 2237|$ 1887|$ 2081|
|related deferred income tax asset1|685|569|972|
|net unrecognized tax benefit2|$ 1552|$ 1318|$ 1109|
related deferred income tax asset 1 685 569 972 net unrecognized tax benefit 2 $ 1552 $ 1318 $ 1109 1 . included in 201cother assets . 201d see note 12 . 2 . if recognized , the net tax benefit would reduce the firm 2019s effective income tax rate . 194 goldman sachs 2012 annual report .
Question: what is the percentage change in the net unrecognized tax benefit in 2012 compare to 2011?
Answer: | 0.17754 |
FINQA3924 | 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 ) state income tax returns are generally subject to examination for a period of 3 to 5 years after filing of the respective return . the state impact of any federal changes generally remains subject to examination by various states for a period of up to one year after formal notification to the states . we have various state income tax returns in the process of examination , administrative appeals or litigation . our tax returns are currently under examination in various foreign jurisdictions . foreign jurisdictions have statutes of limitations generally ranging from 3 to 5 years . years still open to examination by foreign tax authorities in major jurisdictions include : australia ( 2009 onward ) , canada ( 2007 onward ) , france ( 2011 onward ) , germany ( 2009 onward ) , ireland ( 2009 onward ) , italy ( 2010 onward ) , japan ( 2010 onward ) , korea ( 2008 onward ) , puerto rico ( 2008 onward ) , switzerland ( 2012 onward ) , and the united kingdom ( 2012 onward ) . 16 . capital stock and earnings per share we are authorized to issue 250 million shares of preferred stock , none of which were issued or outstanding as of december 31 , 2013 . the numerator for both basic and diluted earnings per share is net earnings available to common stockholders . the denominator for basic earnings per share is the weighted average number of common shares outstanding during the period . the denominator for diluted earnings per share is weighted average shares outstanding adjusted for the effect of dilutive stock options and other equity awards . the following is a reconciliation of weighted average shares for the basic and diluted share computations ( in millions ) : .
|for the years ended december 31,|2013|2012|2011|
|weighted average shares outstanding for basic net earnings per share|169.6|174.9|187.6|
|effect of dilutive stock options and other equity awards|2.2|1.1|1.1|
|weighted average shares outstanding for diluted net earnings per share|171.8|176.0|188.7|
weighted average shares outstanding for basic net earnings per share 169.6 174.9 187.6 effect of dilutive stock options and other equity awards 2.2 1.1 1.1 weighted average shares outstanding for diluted net earnings per share 171.8 176.0 188.7 for the year ended december 31 , 2013 , an average of 3.1 million options to purchase shares of common stock were not included in the computation of diluted earnings per share as the exercise prices of these options were greater than the average market price of the common stock . for the years ended december 31 , 2012 and 2011 , an average of 11.9 million and 13.2 million options , respectively , were not included . during 2013 , we repurchased 9.1 million shares of our common stock at an average price of $ 78.88 per share for a total cash outlay of $ 719.0 million , including commissions . effective january 1 , 2014 , we have a new share repurchase program that authorizes purchases of up to $ 1.0 billion with no expiration date . no further purchases will be made under the previous share repurchase program . 17 . segment data we design , develop , manufacture and market orthopaedic reconstructive implants , biologics , dental implants , spinal implants , trauma products and related surgical products which include surgical supplies and instruments designed to aid in surgical procedures and post-operation rehabilitation . we also provide other healthcare-related services . we manage operations through three major geographic segments 2013 the americas , which is comprised principally of the u.s . and includes other north , central and south american markets ; europe , which is comprised principally of europe and includes the middle east and african markets ; and asia pacific , which is comprised primarily of japan and includes other asian and pacific markets . this structure is the basis for our reportable segment information discussed below . management evaluates reportable segment performance based upon segment operating profit exclusive of operating expenses pertaining to share-based payment expense , inventory step-up and certain other inventory and manufacturing related charges , 201ccertain claims , 201d goodwill impairment , 201cspecial items , 201d and global operations and corporate functions . global operations and corporate functions include research , development engineering , medical education , brand management , corporate legal , finance , and human resource functions , u.s. , puerto rico and ireland-based manufacturing operations and logistics and intangible asset amortization resulting from business combination accounting . intercompany transactions have been eliminated from segment operating profit . management reviews accounts receivable , inventory , property , plant and equipment , goodwill and intangible assets by reportable segment exclusive of u.s. , puerto rico and ireland-based manufacturing operations and logistics and corporate assets. .
Question: what was the change in millions of weighted average shares outstanding for diluted net earnings per share between 2012 and 2013?
Answer: | -4.2 |
FINQA3925 | Please answer the given financial question based on the context.
Context: during 2014 , the company closed on thirteen acquisitions of various regulated water and wastewater systems for a total aggregate purchase price of $ 9 . assets acquired , principally plant , totaled $ 17 . liabilities assumed totaled $ 8 , including $ 5 of contributions in aid of construction and assumed debt of $ 2 . during 2013 , the company closed on fifteen acquisitions of various regulated water and wastewater systems for a total aggregate net purchase price of $ 24 . assets acquired , primarily utility plant , totaled $ 67 . liabilities assumed totaled $ 43 , including $ 26 of contributions in aid of construction and assumed debt of $ 13 . included in these totals was the company 2019s november 14 , 2013 acquisition of all of the capital stock of dale service corporation ( 201cdale 201d ) , a regulated wastewater utility company , for a total cash purchase price of $ 5 ( net of cash acquired of $ 7 ) , plus assumed liabilities . the dale acquisition was accounted for as a business combination ; accordingly , operating results from november 14 , 2013 were included in the company 2019s results of operations . the purchase price was allocated to the net tangible and intangible assets based upon their estimated fair values at the date of acquisition . the company 2019s regulatory practice was followed whereby property , plant and equipment ( rate base ) was considered fair value for business combination purposes . similarly , regulatory assets and liabilities acquired were recorded at book value and are subject to regulatory approval where applicable . the acquired debt was valued in a manner consistent with the company 2019s level 3 debt . see note 17 2014fair value of financial instruments . non-cash assets acquired in the dale acquisition , primarily utility plant , totaled $ 41 ; liabilities assumed totaled $ 36 , including debt assumed of $ 13 and contributions of $ 19 . divestitures in november 2014 , the company completed the sale of terratec , previously included in the market-based businesses . after post-close adjustments , net proceeds from the sale totaled $ 1 , and the company recorded a pretax loss on sale of $ 1 . the following table summarizes the operating results of discontinued operations presented in the accompanying consolidated statements of operations for the years ended december 31: .
||2014|2013|
|operating revenues|$ 13|$ 23|
|total operating expenses net|19|26|
|loss from discontinued operations before income taxes|-6 ( 6 )|-3 ( 3 )|
|provision ( benefit ) for income taxes|1|-1 ( 1 )|
|loss from discontinued operations net of tax|$ -7 ( 7 )|$ -2 ( 2 )|
the provision for income taxes of discontinued operations includes the recognition of tax expense related to the difference between the tax basis and book basis of assets upon the sales of terratec that resulted in taxable gains , since an election was made under section 338 ( h ) ( 10 ) of the internal revenue code to treat the sales as asset sales . there were no assets or liabilities of discontinued operations in the accompanying consolidated balance sheets as of december 31 , 2015 and 2014. .
Question: what was the percentage growth in operating expenses from 2013 to 2014
Answer: | -0.26923 |
FINQA3926 | Please answer the given financial question based on the context.
Context: ventas , inc . notes to consolidated financial statements 2014 ( continued ) we have a combined nol carryforward of $ 66.5 million at december 31 , 2007 related to the trs entities and an nol carryforward reported by the reit of $ 88.6 million . these amounts can be used to offset future taxable income ( and/or taxable income for prior years if audits of any prior year 2019s return determine that amounts are owed ) , if any . the reit will be entitled to utilize nols and tax credit carryforwards only to the extent that reit taxable income exceeds our deduction for dividends paid . the nol carryforwards begin to expire in 2024 with respect to the trs entities and in 2018 for the reit . as a result of the uncertainties relating to the ultimate utilization of existing reit nols , no net deferred tax benefit has been ascribed to reit nol carryforwards as of december 31 , 2007 and 2006 . the irs may challenge our entitlement to these tax attributes during its review of the tax returns for the previous tax years . we believe we are entitled to these tax attributes , but we cannot assure you as to the outcome of these matters . on january 1 , 2007 , we adopted fin 48 . as a result of applying the provisions of fin 48 , we recognized no change in the liability for unrecognized tax benefits , and no adjustment in accumulated earnings as of january 1 , 2007 . our policy is to recognize interest and penalties related to unrecognized tax benefits in income tax expense . the following table summarizes the activity related to our unrecognized tax benefits ( in thousands ) : .
|balance as of january 1 2007|$ 2014|
|additions to tax positions related to the current year|9384|
|balance as of december 31 2007|$ 9384|
included in the unrecognized tax benefits of $ 9.4 million at december 31 , 2007 was $ 9.4 million of tax benefits that , if recognized , would reduce our annual effective tax rate . we accrued no potential penalties and interest related to the unrecognized tax benefits during 2007 , and in total , as of december 31 , 2007 , we have recorded no liability for potential penalties and interest . we expect our unrecognized tax benefits to increase by $ 2.7 million during 2008 . note 13 2014commitments and contingencies assumption of certain operating liabilities and litigation as a result of the structure of the sunrise reit acquisition , we may be subject to various liabilities of sunrise reit arising out of the ownership or operation of the sunrise reit properties prior to the acquisition . if the liabilities we have assumed are greater than expected , or if there are obligations relating to the sunrise reit properties of which we were not aware at the time of completion of the sunrise reit acquisition , such liabilities and/or obligations could have a material adverse effect on us . in connection with our spin off of kindred in 1998 , kindred agreed , among other things , to assume all liabilities and to indemnify , defend and hold us harmless from and against certain losses , claims and litigation arising out of the ownership or operation of the healthcare operations or any of the assets transferred to kindred in the spin off , including without limitation all claims arising out of the third-party leases and third-party guarantees assigned to and assumed by kindred at the time of the spin off . under kindred 2019s plan of reorganization , kindred assumed and agreed to fulfill these obligations . the total aggregate remaining minimum rental payments under the third-party leases was approximately $ 16.0 million as of december 31 , 2007 , and we believe that we had no material exposure under the third-party guarantees . similarly , in connection with provident 2019s acquisition of certain brookdale-related and alterra-related entities in 2005 and our subsequent acquisition of provident , brookdale and alterra agreed , among other things .
Question: what is the anticipated growth rate of the unrecognized tax benefits in 2008
Answer: | 0.28723 |
FINQA3927 | Please answer the given financial question based on the context.
Context: the goldman sachs group , inc . and subsidiaries notes to consolidated financial statements in connection with the firm 2019s prime brokerage and clearing businesses , the firm agrees to clear and settle on behalf of its clients the transactions entered into by them with other brokerage firms . the firm 2019s obligations in respect of such transactions are secured by the assets in the client 2019s account as well as any proceeds received from the transactions cleared and settled by the firm on behalf of the client . in connection with joint venture investments , the firm may issue loan guarantees under which it may be liable in the event of fraud , misappropriation , environmental liabilities and certain other matters involving the borrower . the firm is unable to develop an estimate of the maximum payout under these guarantees and indemnifications . however , management believes that it is unlikely the firm will have to make any material payments under these arrangements , and no material liabilities related to these guarantees and indemnifications have been recognized in the consolidated statements of financial condition as of december 2016 and december 2015 . other representations , warranties and indemnifications . the firm provides representations and warranties to counterparties in connection with a variety of commercial transactions and occasionally indemnifies them against potential losses caused by the breach of those representations and warranties . the firm may also provide indemnifications protecting against changes in or adverse application of certain u.s . tax laws in connection with ordinary-course transactions such as securities issuances , borrowings or derivatives . in addition , the firm may provide indemnifications to some counterparties to protect them in the event additional taxes are owed or payments are withheld , due either to a change in or an adverse application of certain non-u.s . tax laws . these indemnifications generally are standard contractual terms and are entered into in the ordinary course of business . generally , there are no stated or notional amounts included in these indemnifications , and the contingencies triggering the obligation to indemnify are not expected to occur . the firm is unable to develop an estimate of the maximum payout under these guarantees and indemnifications . however , management believes that it is unlikely the firm will have to make any material payments under these arrangements , and no material liabilities related to these arrangements have been recognized in the consolidated statements of financial condition as of december 2016 and december 2015 . 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. ) and gs bank usa , subject to certain exceptions . 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 $ 2.60 in 2016 , $ 2.55 in 2015 and $ 2.25 in 2014 . on january 17 , 2017 , group inc . declared a dividend of $ 0.65 per common share to be paid on march 30 , 2017 to common shareholders of record on march 2 , 2017 . 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. .
|in millions except per share amounts|year ended december 2016|year ended december 2015|year ended december 2014|
|common share repurchases|36.6|22.1|31.8|
|average cost per share|$ 165.88|$ 189.41|$ 171.79|
|total cost of common share repurchases|$ 6069|$ 4195|$ 5469|
172 goldman sachs 2016 form 10-k .
Question: what was the difference in millions between the total cost of common shares repurchases from 2015 to 2016?
Answer: | -1274.0 |
FINQA3928 | Please answer the given financial question based on the context.
Context: adequacy of our provision for income taxes , we regularly assess the likelihood of adverse outcomes resulting from tax examinations . while it is often difficult to predict the final outcome or the timing of the resolution of a tax examination , our reserves for uncertain tax benefits reflect the outcome of tax positions that are more likely than not to occur . while we believe that we have complied with all applicable tax laws , there can be no assurance that a taxing authority will not have a different interpretation of the law and assess us with additional taxes . should additional taxes be assessed , this may result in a material adverse effect on our results of operations and financial condition . item 1b . unresolved staff comments we have no unresolved sec staff comments to report . item 2 . properties as of december 31 , 2018 , we owned or leased 126 major manufacturing sites and 15 major technical centers . a manufacturing site may include multiple plants and may be wholly or partially owned or leased . we also have many smaller manufacturing sites , sales offices , warehouses , engineering centers , joint ventures and other investments strategically located throughout the world . we have a presence in 44 countries . the following table shows the regional distribution of our major manufacturing sites by the operating segment that uses such facilities : north america europe , middle east & africa asia pacific south america total .
||north america|europemiddle east& africa|asia pacific|south america|total|
|signal and power solutions|45|33|33|5|116|
|advanced safety and user experience|2|5|3|2014|10|
|total|47|38|36|5|126|
in addition to these manufacturing sites , we had 15 major technical centers : eight in north america ; two in europe , middle east and africa ; and five in asia pacific . of our 126 major manufacturing sites and 15 major technical centers , which include facilities owned or leased by our consolidated subsidiaries , 61 are primarily owned and 80 are primarily leased . we frequently review our real estate portfolio and develop footprint strategies to support our customers 2019 global plans , while at the same time supporting our technical needs and controlling operating expenses . we believe our evolving portfolio will meet current and anticipated future needs . item 3 . legal proceedings we are from time to time subject to various actions , claims , suits , government investigations , and other proceedings incidental to our business , including those arising out of alleged defects , breach of contracts , competition and antitrust matters , product warranties , intellectual property matters , personal injury claims and employment-related matters . it is our opinion that the outcome of such matters will not have a material adverse impact on our consolidated financial position , results of operations , or cash flows . with respect to warranty matters , although we cannot ensure that the future costs of warranty claims by customers will not be material , we believe our established reserves are adequate to cover potential warranty settlements . however , the final amounts required to resolve these matters could differ materially from our recorded estimates . brazil matters aptiv conducts business operations in brazil that are subject to the brazilian federal labor , social security , environmental , tax and customs laws , as well as a variety of state and local laws . while aptiv believes it complies with such laws , they are complex , subject to varying interpretations , and the company is often engaged in litigation with government agencies regarding the application of these laws to particular circumstances . as of december 31 , 2018 , the majority of claims asserted against aptiv in brazil relate to such litigation . the remaining claims in brazil relate to commercial and labor litigation with private parties . as of december 31 , 2018 , claims totaling approximately $ 145 million ( using december 31 , 2018 foreign currency rates ) have been asserted against aptiv in brazil . as of december 31 , 2018 , the company maintains accruals for these asserted claims of $ 30 million ( using december 31 , 2018 foreign currency rates ) . the amounts accrued represent claims that are deemed probable of loss and are reasonably estimable based on the company 2019s analyses and assessment of the asserted claims and prior experience with similar matters . while the company believes its accruals are adequate , the final amounts required to resolve these matters could differ materially from the company 2019s recorded estimates and aptiv 2019s results of .
Question: what percentage of major manufacturing sites are based in europe middle east& africa?
Answer: | 0.30159 |
FINQA3929 | Please answer the given financial question based on the context.
Context: notes to consolidated financial statements 2014 ( continued ) ( amounts in millions , except per share amounts ) litigation settlement 2014 during may 2008 , the sec concluded its investigation that began in 2002 into our financial reporting practices , resulting in a settlement charge of $ 12.0 . investment impairments 2014 in 2007 we realized an other-than-temporary charge of $ 5.8 relating to a $ 12.5 investment in auction rate securities , representing our total investment in auction rate securities . for additional information see note 15 . note 6 : intangible assets goodwill goodwill is the excess purchase price remaining from an acquisition after an allocation of purchase price has been made to identifiable assets acquired and liabilities assumed based on estimated fair values . the changes in the carrying value of goodwill by segment for the years ended december 31 , 2008 and 2007 are as follows: .
||ian|cmg|total|
|balance as of december 31 2006|$ 2632.5|$ 435.3|$ 3067.8|
|current year acquisitions|86.0|2014|86.0|
|contingent and deferred payments for prior acquisitions|4.7|3.7|8.4|
|amounts allocated to business dispositions|-5.7 ( 5.7 )|2014|-5.7 ( 5.7 )|
|other ( primarily foreign currency translation )|72.2|2.9|75.1|
|balance as of december 31 2007|2789.7|441.9|3231.6|
|current year acquisitions|99.5|1.8|101.3|
|contingent and deferred payments for prior acquisitions|28.9|1.1|30.0|
|amounts allocated to business dispositions|-0.4 ( 0.4 )|2014|-0.4 ( 0.4 )|
|other ( primarily foreign currency translation )|-127.7 ( 127.7 )|-13.9 ( 13.9 )|-141.6 ( 141.6 )|
|balance as of december 31 2008|$ 2790.0|$ 430.9|$ 3220.9|
during the latter part of the fourth quarter of 2008 our stock price declined significantly after our annual impairment review as of october 1 , 2008 , and our market capitalization was less than our book value as of december 31 , 2008 . we considered whether there were any events or circumstances indicative of a triggering event and determined that the decline in stock price during the fourth quarter was an event that would 201cmore likely than not 201d reduce the fair value of our individual reporting units below their book value , requiring us to perform an interim impairment test for goodwill at the reporting unit level . based on the interim impairment test conducted , we concluded that there was no impairment of our goodwill as of december 31 , 2008 . we will continue to monitor our stock price as it relates to the reconciliation of our market capitalization and the fair values of our individual reporting units throughout 2009 . during our annual impairment reviews as of october 1 , 2006 our discounted future operating cash flow projections at one of our domestic advertising reporting units indicated that the implied fair value of the goodwill at this reporting unit was less than its book value , primarily due to client losses , resulting in a goodwill impairment charge of $ 27.2 in 2006 in our ian segment . other intangible assets included in other intangible assets are assets with indefinite lives not subject to amortization and assets with definite lives subject to amortization . other intangible assets include non-compete agreements , license costs , trade names and customer lists . intangible assets with definitive lives subject to amortization are amortized on a .
Question: what was the percentage change in total goodwill carrying value from 2006 to 2007?
Answer: | 0.05339 |
FINQA3930 | Please answer the given financial question based on the context.
Context: leveraged performance units during fiscal 2015 , certain executives were granted performance units that we refer to as leveraged performance units , or lpus . lpus contain a market condition based on our relative stock price growth over a three-year performance period . the lpus contain a minimum threshold performance which , if not met , would result in no payout . the lpus also contain a maximum award opportunity set as a fixed dollar and fixed number of shares . after the three-year performance period , one-third of any earned units converts to unrestricted common stock . the remaining two-thirds convert to restricted stock that will vest in equal installments on each of the first two anniversaries of the conversion date . we recognize share-based compensation expense based on the grant date fair value of the lpus , as determined by use of a monte carlo model , on a straight-line basis over the requisite service period for each separately vesting portion of the lpu award . total shareholder return units before fiscal 2015 , certain of our executives were granted total shareholder return ( 201ctsr 201d ) units , which are performance-based restricted stock units that are earned based on our total shareholder return over a three-year performance period compared to companies in the s&p 500 . once the performance results are certified , tsr units convert into unrestricted common stock . depending on our performance , the grantee may earn up to 200% ( 200 % ) of the target number of shares . the target number of tsr units for each executive is set by the compensation committee . we recognize share-based compensation expense based on the grant date fair value of the tsr units , as determined by use of a monte carlo model , on a straight-line basis over the vesting period . the following table summarizes the changes in unvested share-based awards for the years ended may 31 , 2016 and 2015 ( shares in thousands ) : shares weighted-average grant-date fair value .
||shares|weighted-averagegrant-datefair value|
|unvested at may 31 2014|1754|$ 22.72|
|granted|954|36.21|
|vested|-648 ( 648 )|23.17|
|forfeited|-212 ( 212 )|27.03|
|unvested at may 31 2015|1848|28.97|
|granted|461|57.04|
|vested|-633 ( 633 )|27.55|
|forfeited|-70 ( 70 )|34.69|
|unvested at may 31 2016|1606|$ 37.25|
including the restricted stock , performance units and tsr units described above , the total fair value of share- based awards vested during the years ended may 31 , 2016 , 2015 and 2014 was $ 17.4 million , $ 15.0 million and $ 28.7 million , respectively . for these share-based awards , we recognized compensation expense of $ 28.8 million , $ 19.8 million and $ 28.2 million in the years ended may 31 , 2016 , 2015 and 2014 , respectively . as of may 31 , 2016 , there was $ 42.6 million of unrecognized compensation expense related to unvested share-based awards that we expect to recognize over a weighted-average period of 1.9 years . our share-based award plans provide for accelerated vesting under certain conditions . employee stock purchase plan we have an employee stock purchase plan under which the sale of 4.8 million shares of our common stock has been authorized . employees may designate up to the lesser of $ 25000 or 20% ( 20 % ) of their annual compensation for the purchase of our common stock . the price for shares purchased under the plan is 85% ( 85 % ) of the market value on 84 2013 global payments inc . | 2016 form 10-k annual report .
Question: what was the change in value of unvested grants from 2014 to 2016?
Answer: | 19972.62 |
FINQA3931 | Please answer the given financial question based on the context.
Context: notes to consolidated financial statements the amortized cost and fair value of fixed maturities by contractual maturity as of december 31 , 2007 , are as follows : amortized fair ( millions ) cost value .
|( millions )|amortizedcost|fairvalue|
|due in one year or less|$ 50|$ 50|
|due after one year through five years|52|52|
|due after five years through ten years|47|47|
|due after ten years|1|1|
|total fixed maturities|$ 150|$ 150|
expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties . for categorization purposes , aon considers any rating of baa or higher by moody 2019s investor services or equivalent rating agency to be investment grade . aon 2019s continuing operations have no fixed maturities with an unrealized loss at december 31 , 2007 . aon 2019s fixed-maturity portfolio is subject to interest rate , market and credit risks . with a carrying value of approximately $ 150 million at december 31 , 2007 , aon 2019s total fixed-maturity portfolio is approximately 96% ( 96 % ) investment grade based on market value . aon 2019s non publicly-traded fixed maturity portfolio had a carrying value of $ 9 million . valuations of these securities primarily reflect the fundamental analysis of the issuer and current market price of comparable securities . aon 2019s equity portfolio is comprised of a preferred stock not publicly traded . this portfolio is subject to interest rate , market , credit , illiquidity , concentration and operational performance risks . limited partnership securitization . in 2001 , aon sold the vast majority of its limited partnership ( lp ) portfolio , valued at $ 450 million , to peps i , a qspe . the common stock interest in peps i is held by a limited liability company which is owned by aon ( 49% ( 49 % ) ) and by a charitable trust , which is not controlled by aon , established for victims of september 11 ( 51% ( 51 % ) ) . approximately $ 171 million of investment grade fixed-maturity securities were sold by peps i to unaffiliated third parties . peps i then paid aon 2019s insurance underwriting subsidiaries the $ 171 million in cash and issued to them an additional $ 279 million in fixed-maturity and preferred stock securities . as part of this transaction , aon is required to purchase from peps i additional fixed-maturity securities in an amount equal to the unfunded limited partnership commitments , as they are requested . aon funded $ 2 million of commitments in both 2007 and 2006 . as of december 31 , 2007 , these unfunded commitments amounted to $ 44 million . these commitments have specific expiration dates and the general partners may decide not to draw on these commitments . the carrying value of the peps i preferred stock was $ 168 million and $ 210 million at december 31 , 2007 and 2006 , respectively . prior to 2007 , income distributions received from peps i were limited to interest payments on various peps i debt instruments . beginning in 2007 , peps i had redeemed or collateralized all of its debt , and as a result , began to pay preferred income distributions . in 2007 , the company received $ 61 million of income distributions from peps i , which are included in investment income . aon corporation .
Question: what portion of the the total fixed maturities is due in one year or less?
Answer: | 0.33333 |
FINQA3932 | Please answer the given financial question based on the context.
Context: rental and management operations new site revenue growth . during the year ended december 31 , 2014 , we grew our portfolio of communications real estate through the acquisition and construction of approximately 8450 sites . in a majority of our international markets , the acquisition or construction of new sites results in increased pass-through revenues ( such as ground rent or power and fuel costs ) and expenses . we continue to evaluate opportunities to acquire 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 )|2014|2013|2012|
|domestic|900|5260|960|
|international ( 1 )|7550|7810|7850|
( 1 ) the majority of sites acquired or constructed in 2014 were in brazil , india and mexico ; in 2013 were in brazil , colombia , costa rica , india , mexico and south africa ; and in 2012 were in brazil , germany , india and uganda . 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 and power and fuel costs , some of which may be passed through to our tenants , as well as property taxes , repairs and maintenance . 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 2019 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 , however , 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 . 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 small percentage of our total revenues . non-gaap financial measures included in our analysis of our results of operations are discussions regarding earnings before interest , taxes , depreciation , amortization and accretion , as adjusted ( 201cadjusted ebitda 201d ) , funds from operations , as defined by the national association of real estate investment trusts ( 201cnareit ffo 201d ) and adjusted funds from operations ( 201caffo 201d ) . we define adjusted ebitda as net income before income ( loss ) on discontinued operations , net ; income ( loss ) on equity method investments ; income tax benefit ( provision ) ; other income ( expense ) ; gain ( loss ) on retirement of long-term obligations ; interest expense ; interest income ; other operating income ( expense ) ; depreciation , amortization and accretion ; and stock-based compensation expense . nareit ffo is defined as net income before gains or losses from the sale or disposal of real estate , real estate related impairment charges , real estate related depreciation , amortization and accretion and dividends declared on preferred stock , and including adjustments for ( i ) unconsolidated affiliates and ( ii ) noncontrolling interest. .
Question: how many new sites were in the us during 2012 to 2014?\\n
Answer: | 7120.0 |
FINQA3933 | 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 fifo net during 2012?
Answer: | 0.12435 |
FINQA3934 | Please answer the given financial question based on the context.
Context: issuer purchases of equity securities during the three months ended december 31 , 2010 , we repurchased 1460682 shares of our common stock for an aggregate of $ 74.6 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 purchasedunder the plans or programs ( in millions )|
|october 2010|722890|$ 50.76|722890|$ 369.1|
|november 2010|400692|$ 51.81|400692|$ 348.3|
|december 2010|337100|$ 50.89|337100|$ 331.1|
|total fourth quarter|1460682|$ 51.08|1460682|$ 331.1|
( 1 ) repurchases made pursuant to the $ 1.5 billion stock repurchase program approved by our board of directors in february 2008 ( the 201cbuyback 201d ) . 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 trading plans 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 . subsequent to december 31 , 2010 , we repurchased 1122481 shares of our common stock for an aggregate of $ 58.0 million , including commissions and fees , pursuant to the buyback . as of february 11 , 2011 , we had repurchased a total of 30.9 million shares of our common stock for an aggregate of $ 1.2 billion , including commissions and fees pursuant to the buyback . we expect to continue to manage the pacing of the remaining $ 273.1 million under the buyback in response to general market conditions and other relevant factors. .
Question: what was the weighted average price per share of the shares 30.9 repurchased as of february 11 , 2011
Answer: | 0.03883 |
FINQA3935 | Please answer the given financial question based on the context.
Context: jpmorgan chase & co./2015 annual report 233 note 11 2013 noninterest expense for details on noninterest expense , see consolidated statements of income on page 176 . included within other expense is the following : year ended december 31 , ( in millions ) 2015 2014 2013 .
|year ended december 31 ( in millions )|2015|2014|2013|
|legal expense|$ 2969|$ 2883|$ 11143|
|federal deposit insurance corporation-related ( 201cfdic 201d ) expense|1227|1037|1496|
federal deposit insurance corporation-related ( 201cfdic 201d ) expense 1227 1037 1496 note 12 2013 securities securities are classified as trading , afs or held-to-maturity ( 201chtm 201d ) . securities classified as trading assets are discussed in note 3 . predominantly all of the firm 2019s afs and htm investment securities ( the 201cinvestment securities portfolio 201d ) are held by treasury and cio in connection with its asset-liability management objectives . at december 31 , 2015 , the investment securities portfolio consisted of debt securities with an average credit rating of aa+ ( based upon external ratings where available , and where not available , based primarily upon internal ratings which correspond to ratings as defined by s&p and moody 2019s ) . afs securities are carried at fair value on the consolidated balance sheets . unrealized gains and losses , after any applicable hedge accounting adjustments , are reported as net increases or decreases to accumulated other comprehensive income/ ( loss ) . the specific identification method is used to determine realized gains and losses on afs securities , which are included in securities gains/ ( losses ) on the consolidated statements of income . htm debt securities , which management has the intent and ability to hold until maturity , are carried at amortized cost on the consolidated balance sheets . for both afs and htm debt securities , purchase discounts or premiums are generally amortized into interest income over the contractual life of the security . during 2014 , the firm transferred u.s . government agency mortgage-backed securities and obligations of u.s . states and municipalities with a fair value of $ 19.3 billion from afs to htm . these securities were transferred at fair value , and the transfer was a non-cash transaction . aoci included net pretax unrealized losses of $ 9 million on the securities at the date of transfer . the transfer reflected the firm 2019s intent to hold the securities to maturity in order to reduce the impact of price volatility on aoci and certain capital measures under basel iii. .
Question: what was the minimum legal expense in the past three years?
Answer: | 2883.0 |
FINQA3936 | Please answer the given financial question based on the context.
Context: marathon oil corporation notes to consolidated financial statements been reported as discontinued operations in the consolidated statements of income and the consolidated statements of cash flows for all periods presented . discontinued operations 2014revenues and pretax income associated with our discontinued irish and gabonese operations are shown in the following table : ( in millions ) 2009 2008 2007 .
|( in millions )|2009|2008|2007|
|revenues applicable to discontinued operations|$ 188|$ 439|$ 456|
|pretax income from discontinued operations|$ 80|$ 221|$ 281|
angola disposition 2013 in july 2009 , we entered into an agreement to sell an undivided 20 percent outside- operated interest in the production sharing contract and joint operating agreement in block 32 offshore angola for $ 1.3 billion , excluding any purchase price adjustments at closing , with an effective date of january 1 , 2009 . the sale closed and we received net proceeds of $ 1.3 billion in february 2010 . the pretax gain on the sale will be approximately $ 800 million . we retained a 10 percent outside-operated interest in block 32 . gabon disposition 2013 in december 2009 , we closed the sale of our operated fields offshore gabon , receiving net proceeds of $ 269 million , after closing adjustments . a $ 232 million pretax gain on this disposition was reported in discontinued operations for 2009 . permian basin disposition 2013 in june 2009 , we closed the sale of our operated and a portion of our outside- operated permian basin producing assets in new mexico and west texas for net proceeds after closing adjustments of $ 293 million . a $ 196 million pretax gain on the sale was recorded . ireland dispositions 2013 in april 2009 , we closed the sale of our operated properties in ireland for net proceeds of $ 84 million , after adjusting for cash held by the sold subsidiary . a $ 158 million pretax gain on the sale was recorded . as a result of this sale , we terminated our pension plan in ireland , incurring a charge of $ 18 million . in june 2009 , we entered into an agreement to sell the subsidiary holding our 19 percent outside-operated interest in the corrib natural gas development offshore ireland . total proceeds were estimated to range between $ 235 million and $ 400 million , subject to the timing of first commercial gas at corrib and closing adjustments . at closing on july 30 , 2009 , the initial $ 100 million payment plus closing adjustments was received . the fair value of the proceeds was estimated to be $ 311 million . fair value of anticipated sale proceeds includes ( i ) $ 100 million received at closing , ( ii ) $ 135 million minimum amount due at the earlier of first gas or december 31 , 2012 , and ( iii ) a range of zero to $ 165 million of contingent proceeds subject to the timing of first commercial gas . a $ 154 million impairment of the held for sale asset was recognized in discontinued operations in the second quarter of 2009 ( see note 16 ) since the fair value of the disposal group was less than the net book value . final proceeds will range between $ 135 million ( minimum amount ) to $ 300 million and are due on the earlier of first commercial gas or december 31 , 2012 . the fair value of the expected final proceeds was recorded as an asset at closing . as a result of new public information in the fourth quarter of 2009 , a writeoff was recorded on the contingent portion of the proceeds ( see note 10 ) . existing guarantees of our subsidiaries 2019 performance issued to irish government entities will remain in place after the sales until the purchasers issue similar guarantees to replace them . the guarantees , related to asset retirement obligations and natural gas production levels , have been indemnified by the purchasers . the fair value of these guarantees is not significant . norwegian disposition 2013 on october 31 , 2008 , we closed the sale of our norwegian outside-operated e&p properties and undeveloped offshore acreage in the heimdal area of the norwegian north sea for net proceeds of $ 301 million , with a pretax gain of $ 254 million as of december 31 , 2008 . pilot travel centers disposition 2013 on october 8 , 2008 , we completed the sale of our 50 percent ownership interest in ptc . sale proceeds were $ 625 million , with a pretax gain on the sale of $ 126 million . immediately preceding the sale , we received a $ 75 million partial redemption of our ownership interest from ptc that was accounted for as a return of investment . this was an investment of our rm&t segment. .
Question: by how much did revenues applicable to discontinued operations decrease from 2007 to 2009?
Answer: | -0.58772 |
FINQA3937 | Please answer the given financial question based on the context.
Context: .
|contractual obligations|payments due by period ( in thousands ) total|payments due by period ( in thousands ) 2017|payments due by period ( in thousands ) 2018|payments due by period ( in thousands ) 2019|payments due by period ( in thousands ) 2020|payments due by period ( in thousands ) 2021|payments due by period ( in thousands ) thereafter|
|long-term debt ( 1 )|$ 3508789|$ 203244|$ 409257|$ 366456|$ 461309|$ 329339|$ 1739184|
|line of credit ( 2 )|56127|2650|2650|2650|48177|2014|2014|
|share of unconsolidated joint ventures' debt ( 3 )|91235|2444|28466|5737|11598|1236|41754|
|ground leases|311120|10745|5721|5758|5793|5822|277281|
|development and construction backlog costs ( 4 )|344700|331553|13147|2014|2014|2014|2014|
|other|43357|7502|7342|5801|4326|3906|14480|
|total contractual obligations|$ 4355328|$ 558138|$ 466583|$ 386402|$ 531203|$ 340303|$ 2072699|
( 1 ) our long-term debt consists of both secured and unsecured debt and includes both principal and interest . interest payments for variable rate debt were calculated using the interest rates as of december 31 , 2016 . repayment of our $ 250.0 million variable rate term note , which has a contractual maturity date in january 2019 , is reflected as a 2020 obligation in the table above based on the ability to exercise a one-year extension , which we may exercise at our discretion . ( 2 ) our unsecured line of credit has a contractual maturity date in january 2019 , but is reflected as a 2020 obligation in the table above based on the ability to exercise a one-year extension , which we may exercise at our discretion . interest payments for our unsecured line of credit were calculated using the most recent stated interest rate that was in effect.ff ( 3 ) our share of unconsolidated joint venture debt includes both principal and interest . interest expense for variable rate debt was calculated using the interest rate at december 31 , 2016 . ( 4 ) represents estimated remaining costs on the completion of owned development projects and third-party construction projects . related party y transactionstt we provide property and asset management , leasing , construction and other tenant-related services to ww unconsolidated companies in which we have equity interests . for the years ended december 31 , 2016 , 2015 and 2014 we earned management fees of $ 4.5 million , $ 6.8 million and $ 8.5 million , leasing fees of $ 2.4 million , $ 3.0 million and $ 3.4 million and construction and development fees of $ 8.0 million , $ 6.1 million and $ 5.8 million , respectively , from these companies , prior to elimination of our ownership percentage . yy we recorded these fees based ww on contractual terms that approximate market rates for these types of services and have eliminated our ownership percentages of these fees in the consolidated financial statements . commitments and contingenciesg the partnership has guaranteed the repayment of $ 32.9 million of economic development bonds issued by various municipalities in connection with certain commercial developments . we will be required to make payments under ww our guarantees to the extent that incremental taxes from specified developments are not sufficient to pay the bond ff debt service . management does not believe that it is probable that we will be required to make any significant payments in satisfaction of these guarantees . the partnership also has guaranteed the repayment of an unsecured loan of one of our unconsolidated subsidiaries . at december 31 , 2016 , the maximum guarantee exposure for this loan was approximately $ 52.1 million . we lease certain land positions with terms extending toww march 2114 , with a total future payment obligation of $ 311.1 million . the payments on these ground leases , which are classified as operating leases , are not material in any individual year . in addition to ground leases , we are party to other operating leases as part of conducting our business , including leases of office space from third parties , with a total future payment obligation of ff $ 43.4 million at december 31 , 2016 . no future payments on these leases are material in any individual year . we are subject to various legal proceedings and claims that arise in the ordinary course of business . in the opinion ww of management , the amount of any ultimate liability with respect to these actions is not expected to materially affect ff our consolidated financial statements or results of operations . we own certain parcels of land that are subject to special property tax assessments levied by quasi municipalww entities . to the extent that such special assessments are fixed and determinable , the discounted value of the fulltt .
Question: what is the percent change in management fees earned from 2015 to 2016?
Answer: | 51.11111 |
FINQA3938 | Please answer the given financial question based on the context.
Context: uncertain tax positions the following is a reconciliation of the company's beginning and ending amount of uncertain tax positions ( in millions ) : .
||2015|2014|
|balance at january 1|$ 191|$ 164|
|additions based on tax positions related to the current year|31|31|
|additions for tax positions of prior years|53|10|
|reductions for tax positions of prior years|-18 ( 18 )|-6 ( 6 )|
|settlements|-32 ( 32 )|2014|
|business combinations|2014|5|
|lapse of statute of limitations|-5 ( 5 )|-11 ( 11 )|
|foreign currency translation|-2 ( 2 )|-2 ( 2 )|
|balance at december 31|$ 218|$ 191|
the company's liability for uncertain tax positions as of december 31 , 2015 , 2014 , and 2013 , includes $ 180 million , $ 154 million , and $ 141 million , respectively , related to amounts that would impact the effective tax rate if recognized . it is possible that the amount of unrecognized tax benefits may change in the next twelve months ; however , we do not expect the change to have a significant impact on our consolidated statements of income or consolidated balance sheets . these changes may be the result of settlements of ongoing audits . at this time , an estimate of the range of the reasonably possible outcomes within the twelve months cannot be made . the company recognizes interest and penalties related to uncertain tax positions in its provision for income taxes . the company accrued potential interest and penalties of $ 2 million , $ 4 million , and $ 2 million in 2015 , 2014 , and 2013 , respectively . the company recorded a liability for interest and penalties of $ 33 million , $ 31 million , and $ 27 million as of december 31 , 2015 , 2014 , and 2013 , respectively . the company and its subsidiaries file income tax returns in their respective jurisdictions . the company has substantially concluded all u.s . federal income tax matters for years through 2007 . material u.s . state and local income tax jurisdiction examinations have been concluded for years through 2005 . the company has concluded income tax examinations in its primary non-u.s . jurisdictions through 2005 . 9 . shareholders' equity distributable reserves as a u.k . incorporated company , the company is required under u.k . law to have available "distributable reserves" to make share repurchases or pay dividends to shareholders . distributable reserves may be created through the earnings of the u.k . parent company and , amongst other methods , through a reduction in share capital approved by the english companies court . distributable reserves are not linked to a u.s . gaap reported amount ( e.g. , retained earnings ) . as of december 31 , 2015 and 2014 , the company had distributable reserves in excess of $ 2.1 billion and $ 4.0 billion , respectively . ordinary shares in april 2012 , the company's board of directors authorized a share repurchase program under which up to $ 5.0 billion of class a ordinary shares may be repurchased ( "2012 share repurchase program" ) . in november 2014 , the company's board of directors authorized a new $ 5.0 billion share repurchase program in addition to the existing program ( "2014 share repurchase program" and , together , the "repurchase programs" ) . under each program , shares may be repurchased through the open market or in privately negotiated transactions , based on prevailing market conditions , funded from available capital . during 2015 , the company repurchased 16.0 million shares at an average price per share of $ 97.04 for a total cost of $ 1.6 billion under the repurchase programs . during 2014 , the company repurchased 25.8 million shares at an average price per share of $ 87.18 for a total cost of $ 2.3 billion under the 2012 share repurchase plan . in august 2015 , the $ 5 billion of class a ordinary shares authorized under the 2012 share repurchase program was exhausted . at december 31 , 2015 , the remaining authorized amount for share repurchase under the 2014 share repurchase program is $ 4.1 billion . under the repurchase programs , the company repurchased a total of 78.1 million shares for an aggregate cost of $ 5.9 billion. .
Question: what was the ratio of the share repurchase in 2014 to 2015
Answer: | 1.6125 |
FINQA3939 | Please answer the given financial question based on the context.
Context: part i item 1 entergy corporation , domestic utility companies , and system energy entergy louisiana holds non-exclusive franchises to provide electric service in approximately 116 incorporated louisiana municipalities . most of these franchises have 25-year terms , although six of these municipalities have granted 60-year franchises . entergy louisiana also supplies electric service in approximately 353 unincorporated communities , all of which are located in louisiana parishes in which it holds non-exclusive franchises . 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 . 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 domestic utility companies and system energy as of december 31 , 2004 , 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|4709|1613|1837|1189|70|
|entergy gulf states|6485|4890|968|627|-|
|entergy louisiana|5363|4276|1087|-|-|
|entergy mississippi|2898|2490|-|408|-|
|entergy new orleans|915|915|-|-|-|
|system energy|1143|-|1143|-|-|
|total|21513|14184|5035|2224|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 . entergy'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 loads , and economy . peak load in the u.s . utility service territory is typically around 21000 mw , with minimum load typically around 9000 mw . allowing for an adequate reserve margin , entergy has been short approximately 3000 mw during the summer peak load period . in addition to its net short position at summer peak , entergy considers its generation in three categories : ( 1 ) baseload ( e.g . coal and nuclear ) ; ( 2 ) load-following ( e.g . combined cycle gas-fired ) ; and ( 3 ) peaking . the relative supply and demand for these categories of generation vary by region of the entergy system . for example , the north end of its system has more baseload coal and nuclear generation than regional demand requires , but is short load-following or intermediate generation . in the south end of the entergy system , load would be more effectively served if gas- fired intermediate resources already in place were supplemented with additional solid fuel baseload generation. .
Question: what portion of total capability of entergy corporation is generated by entergy gulf states?
Answer: | 0.30145 |
FINQA3940 | Please answer the given financial question based on the context.
Context: capital asset purchases associated with the retail segment were $ 294 million in 2007 , bringing the total capital asset purchases since inception of the retail segment to $ 1.0 billion . as of september 29 , 2007 , the retail segment had approximately 7900 employees and had outstanding operating lease commitments associated with retail store space and related facilities of $ 1.1 billion . the company would incur substantial costs if it were to close multiple retail stores . such costs could adversely affect the company 2019s financial condition and operating results . other segments the company 2019s other segments , which consists of its asia pacific and filemaker operations , experienced an increase in net sales of $ 406 million , or 30% ( 30 % ) during 2007 compared to 2006 . this increase related primarily to a 58% ( 58 % ) increase in sales of mac portable products and strong ipod sales in the company 2019s asia pacific region . during 2006 , net sales in other segments increased 35% ( 35 % ) compared to 2005 primarily due to an increase in sales of ipod and mac portable products . strong sales growth was a result of the introduction of the updated ipods featuring video-playing capabilities and the new intel-based mac portable products that translated to a 16% ( 16 % ) increase in mac unit sales during 2006 compared to 2005 . gross margin gross margin for each of the last three fiscal years are as follows ( in millions , except gross margin percentages ) : september 29 , september 30 , september 24 , 2007 2006 2005 .
||september 29 2007|september 30 2006|september 24 2005|
|net sales|$ 24006|$ 19315|$ 13931|
|cost of sales|15852|13717|9889|
|gross margin|$ 8154|$ 5598|$ 4042|
|gross margin percentage|34.0% ( 34.0 % )|29.0% ( 29.0 % )|29.0% ( 29.0 % )|
gross margin percentage of 34.0% ( 34.0 % ) in 2007 increased significantly from 29.0% ( 29.0 % ) in 2006 . the primary drivers of this increase were more favorable costs on certain commodity components , including nand flash memory and dram memory , higher overall revenue that provided for more leverage on fixed production costs and a higher percentage of revenue from the company 2019s direct sales channels . the company anticipates that its gross margin and the gross margins of the personal computer , consumer electronics and mobile communication industries will be subject to pressure due to price competition . the company expects gross margin percentage to decline sequentially in the first quarter of 2008 primarily as a result of the full-quarter impact of product transitions and reduced pricing that were effected in the fourth quarter of 2007 , lower sales of ilife and iwork in their second quarter of availability , seasonally higher component costs , and a higher mix of indirect sales . these factors are expected to be partially offset by higher sales of the company 2019s mac os x operating system due to the introduction of mac os x version 10.5 leopard ( 2018 2018mac os x leopard 2019 2019 ) that became available in october 2007 . the foregoing statements regarding the company 2019s expected gross margin percentage are forward-looking . there can be no assurance that current gross margin percentage will be maintained or targeted gross margin percentage levels will be achieved . in general , gross margins and margins on individual products will remain under downward pressure due to a variety of factors , including continued industry wide global pricing pressures , increased competition , compressed product life cycles , potential increases in the cost and availability of raw material and outside manufacturing services , and a potential shift in the company 2019s sales mix towards products with lower gross margins . in response to these competitive pressures , the company expects it will continue to take pricing actions with respect to its products . gross margins could also be affected by the company 2019s ability to effectively manage product quality and warranty costs and to stimulate .
Question: what was the percentage sales change from 2006 to 2007?
Answer: | 0.24287 |
FINQA3941 | Please answer the given financial question based on the context.
Context: table of contents rent expense under all operating leases , including both cancelable and noncancelable leases , was $ 645 million , $ 488 million and $ 338 million in 2013 , 2012 and 2011 , respectively . future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 28 , 2013 , are as follows ( in millions ) : other commitments as of september 28 , 2013 , the company had outstanding off-balance sheet third-party manufacturing commitments and component purchase commitments of $ 18.6 billion . in addition to the off-balance sheet commitments mentioned above , the company had outstanding obligations of $ 1.3 billion as of september 28 , 2013 , which 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 . contingencies the company is subject to various legal proceedings and claims that have arisen in the ordinary course of business and that have not been fully adjudicated . in the opinion of management , there was not at least a reasonable possibility the company may have incurred a material loss , or a material loss in excess of a recorded accrual , with respect to loss contingencies . however , the outcome of litigation is inherently uncertain . therefore , although management considers the likelihood of such an outcome to be remote , if one or more of these legal matters were resolved against the company in a reporting period for amounts in excess of management 2019s expectations , the company 2019s consolidated financial statements for that reporting period could be materially adversely affected . apple inc . v . samsung electronics co. , ltd , et al . on august 24 , 2012 , a jury returned a verdict awarding the company $ 1.05 billion in its lawsuit against samsung electronics co. , ltd and affiliated parties in the united states district court , northern district of california , san jose division . on march 1 , 2013 , the district court upheld $ 599 million of the jury 2019s award and ordered a new trial as to the remainder . because the award is subject to entry of final judgment , partial re-trial and appeal , the company has not recognized the award in its results of operations . virnetx , inc . v . apple inc . et al . on august 11 , 2010 , virnetx , inc . filed an action against the company alleging that certain of its products infringed on four patents relating to network communications technology . on november 6 , 2012 , a jury returned a verdict against the company , and awarded damages of $ 368 million . the company is challenging the verdict , believes it has valid defenses and has not recorded a loss accrual at this time. .
|2014|$ 610|
|2015|613|
|2016|587|
|2017|551|
|2018|505|
|thereafter|1855|
|total minimum lease payments|$ 4721|
.
Question: why is the information relative to 2012 costs incorrect and what would the correct information be?
Answer: | 856.0 |
FINQA3942 | Please answer the given financial question based on the context.
Context: notes to the consolidated financial statements competitive environment and general economic and business conditions , among other factors . pullmantur is a brand targeted primarily at the spanish , portu- guese and latin american markets and although pullmantur has diversified its passenger sourcing over the past few years , spain still represents pullmantur 2019s largest market . as previously disclosed , during 2012 european economies continued to demonstrate insta- bility in light of heightened concerns over sovereign debt issues as well as the impact of proposed auster- ity measures on certain markets . the spanish econ- omy was more severely impacted than many other economies and there is significant uncertainty as to when it will recover . in addition , the impact of the costa concordia incident has had a more lingering effect than expected and the impact in future years is uncertain . these factors were identified in the past as significant risks which could lead to the impairment of pullmantur 2019s goodwill . more recently , the spanish economy has progressively worsened and forecasts suggest the challenging operating environment will continue for an extended period of time . the unemployment rate in spain reached 26% ( 26 % ) during the fourth quarter of 2012 and is expected to rise further in 2013 . the international monetary fund , which had projected gdp growth of 1.8% ( 1.8 % ) a year ago , revised its 2013 gdp projections downward for spain to a contraction of 1.3% ( 1.3 % ) during the fourth quarter of 2012 and further reduced it to a contraction of 1.5% ( 1.5 % ) in january of 2013 . during the latter half of 2012 new austerity measures , such as increases to the value added tax , cuts to benefits , the phasing out of exemptions and the suspension of government bonuses , were implemented by the spanish government . we believe these austerity measures are having a larger impact on consumer confidence and discretionary spending than previously anticipated . as a result , there has been a significant deterioration in bookings from guests sourced from spain during the 2013 wave season . the combination of all of these factors has caused us to negatively adjust our cash flow projections , especially our closer-in net yield assumptions and the expectations regarding future capacity growth for the brand . based on our updated cash flow projections , we determined the implied fair value of goodwill for the pullmantur reporting unit was $ 145.5 million and rec- ognized an impairment charge of $ 319.2 million . this impairment charge was recognized in earnings during the fourth quarter of 2012 and is reported within impairment of pullmantur related assets within our consolidated statements of comprehensive income ( loss ) . there have been no goodwill impairment charges related to the pullmantur reporting unit in prior periods . see note 13 . fair value measurements and derivative instruments for further discussion . if the spanish economy weakens further or recovers more slowly than contemplated or if the economies of other markets ( e.g . france , brazil , latin america ) perform worse than contemplated in our discounted cash flow model , or if there are material changes to the projected future cash flows used in the impair- ment analyses , especially in net yields , an additional impairment charge of the pullmantur reporting unit 2019s goodwill may be required . note 4 . intangible assets intangible assets are reported in other assets in our consolidated balance sheets and consist of the follow- ing ( in thousands ) : .
||2012|2011|
|indefinite-life intangible asset 2014pullmantur trademarks and trade names|$ 218883|$ 225679|
|impairment charge|-17356 ( 17356 )|2014|
|foreign currency translation adjustment|3339|-6796 ( 6796 )|
|total|$ 204866|$ 218883|
during the fourth quarter of 2012 , we performed the annual impairment review of our trademarks and trade names using a discounted cash flow model and the relief-from-royalty method . the royalty rate used is based on comparable royalty agreements in the tourism and hospitality industry . these trademarks and trade names relate to pullmantur and we have used a discount rate comparable to the rate used in valuing the pullmantur reporting unit in our goodwill impairment test . as described in note 3 . goodwill , the continued deterioration of the spanish economy caused us to negatively adjust our cash flow projections for the pullmantur reporting unit , especially our closer-in net yield assumptions and the timing of future capacity growth for the brand . based on our updated cash flow projections , we determined that the fair value of pullmantur 2019s trademarks and trade names no longer exceeded their carrying value . accordingly , we recog- nized an impairment charge of approximately $ 17.4 million to write down trademarks and trade names to their fair value of $ 204.9 million . this impairment charge was recognized in earnings during the fourth quarter of 2012 and is reported within impairment of pullmantur related assets within our consolidated statements of comprehensive income ( loss ) . see note 13 . fair value measurements and derivative instruments for further discussion . if the spanish economy weakens further or recovers more slowly than contemplated or if the economies of other markets ( e.g . france , brazil , latin america ) 0494.indd 76 3/27/13 12:53 pm .
Question: what was the percentage of the impairment to the trademarks and trade names recog- nized
Answer: | 0.07827 |
FINQA3943 | Please answer the given financial question based on the context.
Context: note 4 : property , plant and equipment the following table summarizes the major classes of property , plant and equipment by category as of december 31 : 2015 2014 range of remaining useful weighted average useful life utility plant : land and other non-depreciable assets . . . . . . . . . . $ 141 $ 137 sources of supply . . . . . . . . . . . . . . . . . . . . . . . . . . 705 681 12 to 127 years 51 years treatment and pumping facilities . . . . . . . . . . . . . . 3070 2969 3 to 101 years 39 years transmission and distribution facilities . . . . . . . . . 8516 7963 9 to 156 years 83 years services , meters and fire hydrants . . . . . . . . . . . . . 3250 3062 8 to 93 years 35 years general structures and equipment . . . . . . . . . . . . . 1227 1096 1 to 154 years 39 years waste treatment , pumping and disposal . . . . . . . . . 313 281 2 to 115 years 46 years waste collection . . . . . . . . . . . . . . . . . . . . . . . . . . . 473 399 5 to 109 years 56 years construction work in progress . . . . . . . . . . . . . . . . 404 303 total utility plant . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18099 16891 nonutility property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 405 378 3 to 50 years 6 years total property , plant and equipment . . . . . . . . . . . . . . . $ 18504 $ 17269 property , plant and equipment depreciation expense amounted to $ 405 , $ 392 , and $ 374 for the years ended december 31 , 2015 , 2014 and 2013 , respectively and was included in depreciation and amortization expense in the accompanying consolidated statements of operations . the provision for depreciation expressed as a percentage of the aggregate average depreciable asset balances was 3.13% ( 3.13 % ) for the year ended december 31 , 2015 and 3.20% ( 3.20 % ) for years december 31 , 2014 and 2013 . note 5 : allowance for uncollectible accounts the following table summarizes the changes in the company 2019s allowances for uncollectible accounts for the years ended december 31: .
||2015|2014|2013|
|balance as of january 1|$ -35 ( 35 )|$ -34 ( 34 )|$ -27 ( 27 )|
|amounts charged to expense|-32 ( 32 )|-37 ( 37 )|-27 ( 27 )|
|amounts written off|38|43|24|
|recoveries of amounts written off|-10 ( 10 )|-7 ( 7 )|-4 ( 4 )|
|balance as of december 31|$ -39 ( 39 )|$ -35 ( 35 )|$ -34 ( 34 )|
.
Question: by how much did property , plant and equipment depreciation expense increase from 2013 to 2015?
Answer: | 0.08289 |
FINQA3944 | Please answer the given financial question based on the context.
Context: stock option gains previously deferred by those participants pursuant to the terms of the deferred compensation plan and earnings on those deferred amounts . as a result of certain provisions of the american jobs creation act , participants had the opportunity until december 31 , 2005 to elect to withdraw amounts previously deferred . 11 . lease commitments the company leases certain of its facilities , equipment and software under various operating leases that expire at various dates through 2022 . the lease agreements frequently include renewal and escalation clauses and require the company to pay taxes , insurance and maintenance costs . total rental expense under operating leases was approximately $ 43 million in fiscal 2007 , $ 45 million in fiscal 2006 and $ 44 million in fiscal 2005 . the following is a schedule of future minimum rental payments required under long-term operating leases at november 3 , 2007 : fiscal years operating leases .
|fiscal years|operating leases|
|2008|$ 30774|
|2009|$ 25906|
|2010|$ 13267|
|2011|$ 5430|
|2012|$ 3842|
|later years|$ 12259|
|total|$ 91478|
12 . commitments and contingencies tentative settlement of the sec 2019s previously announced stock option investigation in the company 2019s 2004 form 10-k filing , the company disclosed that the securities and exchange com- mission ( sec ) had initiated an inquiry into its stock option granting practices , focusing on options that were granted shortly before the issuance of favorable financial results . on november 15 , 2005 , the company announced that it had reached a tentative settlement with the sec . at all times since receiving notice of this inquiry , the company has cooperated with the sec . in november 2005 , the company and its president and ceo , mr . jerald g . fishman , made an offer of settlement to the staff of the sec . the settlement has been submitted to the commission for approval . there can be no assurance a final settlement will be so approved . the sec 2019s inquiry focused on two separate issues . the first issue concerned the company 2019s disclosure regarding grants of options to employees and directors prior to the release of favorable financial results . specifically , the issue related to options granted to employees ( including officers ) of the company on november 30 , 1999 and to employees ( including officers ) and directors of the company on november 10 , 2000 . the second issue concerned the grant dates for options granted to employees ( including officers ) in 1998 and 1999 , and the grant date for options granted to employees ( including officers ) and directors in 2001 . specifically , the settlement would conclude that the appropriate grant date for the september 4 , 1998 options should have been september 8th ( which is one trading day later than the date that was used to price the options ) ; the appropriate grant date for the november 30 , 1999 options should have been november 29th ( which is one trading day earlier than the date that was used ) ; and the appropriate grant date for the july 18 , 2001 options should have been july 26th ( which is five trading days after the original date ) . analog devices , inc . notes to consolidated financial statements 2014 ( continued ) .
Question: what is the expected growth rate in rental expense under operating leases in 2008?
Answer: | -0.28433 |
FINQA3945 | Please answer the given financial question based on the context.
Context: cash payments for federal , state , and foreign income taxes were $ 238.3 million , $ 189.5 million , and $ 90.7 million for the years ended december 31 , 2015 , 2014 , and 2013 , respectively . the following table summarizes the changes related to pca 2019s gross unrecognized tax benefits excluding interest and penalties ( dollars in millions ) : .
||2015|2014|2013|
|balance as of january 1|$ -4.4 ( 4.4 )|$ -5.4 ( 5.4 )|$ -111.3 ( 111.3 )|
|increase related to acquisition of boise inc . ( a )|2014|2014|-65.2 ( 65.2 )|
|increases related to prior years 2019 tax positions|-2.8 ( 2.8 )|-1.0 ( 1.0 )|-0.1 ( 0.1 )|
|increases related to current year tax positions|-0.4 ( 0.4 )|-0.3 ( 0.3 )|-1.5 ( 1.5 )|
|decreases related to prior years' tax positions ( b )|2014|0.9|64.8|
|settlements with taxing authorities ( c )|0.7|0.5|106.2|
|expiration of the statute of limitations|1.1|0.9|1.7|
|balance at december 31|$ -5.8 ( 5.8 )|$ -4.4 ( 4.4 )|$ -5.4 ( 5.4 )|
( a ) in 2013 , pca acquired $ 65.2 million of gross unrecognized tax benefits from boise inc . that related primarily to the taxability of the alternative energy tax credits . ( b ) the 2013 amount includes a $ 64.3 million gross decrease related to the taxability of the alternative energy tax credits claimed in 2009 excise tax returns by boise inc . for further discussion regarding these credits , see note 7 , alternative energy tax credits . ( c ) the 2013 amount includes a $ 104.7 million gross decrease related to the conclusion of the internal revenue service audit of pca 2019s alternative energy tax credits . for further discussion regarding these credits , see note 7 , alternative energy tax credits . at december 31 , 2015 , pca had recorded a $ 5.8 million gross reserve for unrecognized tax benefits , excluding interest and penalties . of the total , $ 4.2 million ( net of the federal benefit for state taxes ) would impact the effective tax rate if recognized . pca recognizes interest accrued related to unrecognized tax benefits and penalties as income tax expense . at december 31 , 2015 and 2014 , we had an insignificant amount of interest and penalties recorded for unrecognized tax benefits included in the table above . pca does not expect the unrecognized tax benefits to change significantly over the next 12 months . pca is subject to taxation in the united states and various state and foreign jurisdictions . a federal examination of the tax years 2010 2014 2012 was concluded in february 2015 . a federal examination of the 2013 tax year began in october 2015 . the tax years 2014 2014 2015 remain open to federal examination . the tax years 2011 2014 2015 remain open to state examinations . some foreign tax jurisdictions are open to examination for the 2008 tax year forward . through the boise acquisition , pca recorded net operating losses and credit carryforwards from 2008 through 2011 and 2013 that are subject to examinations and adjustments for at least three years following the year in which utilized . 7 . alternative energy tax credits the company generates black liquor as a by-product of its pulp manufacturing process , which entitled it to certain federal income tax credits . when black liquor is mixed with diesel , it is considered an alternative fuel that was eligible for a $ 0.50 per gallon refundable alternative energy tax credit for gallons produced before december 31 , 2009 . black liquor was also eligible for a $ 1.01 per gallon taxable cellulosic biofuel producer credit for gallons of black liquor produced and used in 2009 . in 2013 , we reversed $ 166.0 million of a reserve for unrecognized tax benefits for alternative energy tax credits as a benefit to income taxes . approximately $ 103.9 million ( $ 102.0 million of tax , net of the federal benefit for state taxes , plus $ 1.9 million of accrued interest ) of the reversal is due to the completion of the irs .
Question: what was the difference in millions of cash payments for federal , state , and foreign income taxes between 2013 and 2014?
Answer: | 98.8 |
FINQA3946 | Please answer the given financial question based on the context.
Context: our digital media business consists of our websites and mobile and video-on-demand ( 201cvod 201d ) services . our websites include network branded websites such as discovery.com , tlc.com and animalplanet.com , and other websites such as howstuffworks.com , an online source of explanations of how the world actually works ; treehugger.com , a comprehensive source for 201cgreen 201d news , solutions and product information ; and petfinder.com , a leading pet adoption destination . together , these websites attracted an average of 24 million cumulative unique monthly visitors , according to comscore , inc . in 2011 . international networks our international networks segment principally consists of national and pan-regional television networks . this segment generates revenues primarily from fees charged to operators who distribute our networks , which primarily include cable and dth satellite service providers , and from advertising sold on our television networks and websites . discovery channel , animal planet and tlc lead the international networks 2019 portfolio of television networks , which are distributed in virtually every pay-television market in the world through an infrastructure that includes operational centers in london , singapore and miami . international networks has one of the largest international distribution platforms of networks with one to twelve networks in more than 200 countries and territories around the world . at december 31 , 2011 , international networks operated over 150 unique distribution feeds in over 40 languages with channel feeds customized according to language needs and advertising sales opportunities . our international networks segment owns and operates the following television networks which reached the following number of subscribers as of december 31 , 2011 : education and other our education and other segment primarily includes the sale of curriculum-based product and service offerings and postproduction audio services . this segment generates revenues primarily from subscriptions charged to k-12 schools for access to an online suite of curriculum-based vod tools , professional development services , and to a lesser extent student assessment and publication of hardcopy curriculum-based content . our education business also participates in corporate partnerships , global brand and content licensing business with leading non-profits , foundations and trade associations . other businesses primarily include postproduction audio services that are provided to major motion picture studios , independent producers , broadcast networks , cable channels , advertising agencies , and interactive producers . content development our content development strategy is designed to increase viewership , maintain innovation and quality leadership , and provide value for our network distributors and advertising customers . substantially all content is sourced from a wide range of third-party producers , which includes some of the world 2019s leading nonfiction production companies with which we have developed long-standing relationships , as well as independent producers . our production arrangements fall into three categories : produced , coproduced and licensed . substantially all produced content includes programming which we engage third parties to develop and produce while we retain editorial control and own most or all of the rights in exchange for paying all development and production costs . coproduced content refers to program rights acquired that we have collaborated with third parties to finance and develop . coproduced programs are typically high-cost projects for which neither we nor our coproducers wish to bear the entire cost or productions in which the producer has already taken on an international broadcast partner . licensed content is comprised of films or series that have been previously produced by third parties . global networks international subscribers ( millions ) regional networks international subscribers ( millions ) .
|global networks discovery channel|international subscribers ( millions ) 213|regional networks dmax|international subscribers ( millions ) 47|
|animal planet|166|discovery kids|37|
|tlc real time and travel & living|150|liv|29|
|discovery science|66|quest|23|
|discovery home & health|48|discovery history|13|
|turbo|37|shed|12|
|discovery world|27|discovery en espanol ( u.s. )|5|
|investigation discovery|23|discovery famillia ( u.s. )|4|
|hd services|17|||
.
Question: what is the difference in millions of subscribers between discovery channel international subscribers and discovery science international subscribers?
Answer: | 147.0 |
FINQA3947 | Please answer the given financial question based on the context.
Context: entergy gulf states , inc . management's financial discussion and analysis .
||( in millions )|
|2003 net revenue|$ 1110.1|
|volume/weather|26.7|
|net wholesale revenue|13.0|
|summer capacity charges|5.5|
|price applied to unbilled sales|4.8|
|fuel recovery revenues|-14.2 ( 14.2 )|
|other|3.9|
|2004 net revenue|$ 1149.8|
the volume/weather variance resulted primarily from an increase of 1179 gwh in electricity usage in the industrial sector . billed usage also increased a total of 291 gwh in the residential , commercial , and governmental sectors . the increase in net wholesale revenue is primarily due to an increase in sales volume to municipal and co-op customers . summer capacity charges variance is due to the amortization in 2003 of deferred capacity charges for the summer of 2001 compared to the absence of the amortization in 2004 . the amortization of these capacity charges began in june 2002 and ended in may 2003 . the price applied to unbilled sales variance resulted primarily from an increase in the fuel price applied to unbilled sales . fuel recovery revenues represent an under-recovery of fuel charges that are recovered in base rates . entergy gulf states recorded $ 22.6 million of provisions in 2004 for potential rate refunds . these provisions are not included in the net revenue table above because they are more than offset by provisions recorded in 2003 . gross operating revenues , fuel and purchased power expenses , and other regulatory credits gross operating revenues increased primarily due to an increase of $ 187.8 million in fuel cost recovery revenues as a result of higher fuel rates in both the louisiana and texas jurisdictions . the increases in volume/weather and wholesale revenue , discussed above , also contributed to the increase . fuel and purchased power expenses increased primarily due to : 2022 increased recovery of deferred fuel costs due to higher fuel rates ; 2022 increases in the market prices of natural gas , coal , and purchased power ; and 2022 an increase in electricity usage , discussed above . other regulatory credits increased primarily due to the amortization in 2003 of deferred capacity charges for the summer of 2001 compared to the absence of amortization in 2004 . the amortization of these charges began in june 2002 and ended in may 2003 . 2003 compared to 2002 net revenue , which is entergy gulf states' measure of gross margin , consists of operating revenues net of : 1 ) fuel , fuel-related , and purchased power expenses and 2 ) other regulatory credits . following is an analysis of the change in net revenue comparing 2003 to 2002. .
Question: what portion of the net change in net revenue during 2004 is due to the change in volume/weather for entergy gulf states , inc?
Answer: | 0.67254 |
FINQA3948 | 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 will be the yearly interest expense for system energy vie for the note issued in 2012 , ( in millions ) ?
Answer: | 49.9598 |
FINQA3949 | Please answer the given financial question based on the context.
Context: the segment had operating earnings of $ 709 million in 2007 , compared to operating earnings of $ 787 million in 2006 . the decrease in operating earnings was primarily due to a decrease in gross margin , driven by : ( i ) lower net sales of iden infrastructure equipment , and ( ii ) continued competitive pricing pressure in the market for gsm infrastructure equipment , partially offset by : ( i ) increased net sales of digital entertainment devices , and ( ii ) the reversal of reorganization of business accruals recorded in 2006 relating to employee severance which were no longer needed . sg&a expenses increased primarily due to the expenses from recently acquired businesses , partially offset by savings from cost-reduction initiatives . r&d expenditures decreased primarily due to savings from cost- reduction initiatives , partially offset by expenditures by recently acquired businesses and continued investment in digital entertainment devices and wimax . as a percentage of net sales in 2007 as compared to 2006 , gross margin , sg&a expenses , r&d expenditures and operating margin all decreased . in 2007 , sales to the segment 2019s top five customers represented approximately 43% ( 43 % ) of the segment 2019s net sales . the segment 2019s backlog was $ 2.6 billion at december 31 , 2007 , compared to $ 3.2 billion at december 31 , 2006 . in the home business , demand for the segment 2019s products depends primarily on the level of capital spending by broadband operators for constructing , rebuilding or upgrading their communications systems , and for offering advanced services . during the second quarter of 2007 , the segment began shipping digital set-tops that support the federal communications commission ( 201cfcc 201d ) 2014 mandated separable security requirement . fcc regulations mandating the separation of security functionality from set-tops went into effect on july 1 , 2007 . as a result of these regulations , many cable service providers accelerated their purchases of set-tops in the first half of 2007 . additionally , in 2007 , our digital video customers significantly increased their purchases of the segment 2019s products and services , primarily due to increased demand for digital entertainment devices , particularly hd/dvr devices . during 2007 , the segment completed the acquisitions of : ( i ) netopia , inc. , a broadband equipment provider for dsl customers , which allows for phone , tv and fast internet connections , ( ii ) tut systems , inc. , a leading developer of edge routing and video encoders , ( iii ) modulus video , inc. , a provider of mpeg-4 advanced coding compression systems designed for delivery of high-value video content in ip set-top devices for the digital video , broadcast and satellite marketplaces , ( iv ) terayon communication systems , inc. , a provider of real-time digital video networking applications to cable , satellite and telecommunication service providers worldwide , and ( v ) leapstone systems , inc. , a provider of intelligent multimedia service delivery and content management applications to networks operators . these acquisitions enhance our ability to provide complete end-to-end systems for the delivery of advanced video , voice and data services . in december 2007 , motorola completed the sale of ecc to emerson for $ 346 million in cash . enterprise mobility solutions segment the enterprise mobility solutions segment designs , manufactures , sells , installs and services analog and digital two-way radio , voice and data communications products and systems for private networks , wireless broadband systems and end-to-end enterprise mobility solutions to a wide range of enterprise markets , including government and public safety agencies ( which , together with all sales to distributors of two-way communication products , are referred to as the 201cgovernment and public safety market 201d ) , as well as retail , energy and utilities , transportation , manufacturing , healthcare and other commercial customers ( which , collectively , are referred to as the 201ccommercial enterprise market 201d ) . in 2008 , the segment 2019s net sales represented 27% ( 27 % ) of the company 2019s consolidated net sales , compared to 21% ( 21 % ) in 2007 and 13% ( 13 % ) in 2006 . ( dollars in millions ) 2008 2007 2006 2008 20142007 2007 20142006 years ended december 31 percent change .
|( dollars in millions )|years ended december 31 2008|years ended december 31 2007|years ended december 31 2006|years ended december 31 2008 20142007|2007 20142006|
|segment net sales|$ 8093|$ 7729|$ 5400|5% ( 5 % )|43% ( 43 % )|
|operating earnings|1496|1213|958|23% ( 23 % )|27% ( 27 % )|
segment results 20142008 compared to 2007 in 2008 , the segment 2019s net sales increased 5% ( 5 % ) to $ 8.1 billion , compared to $ 7.7 billion in 2007 . the 5% ( 5 % ) increase in net sales reflects an 8% ( 8 % ) increase in net sales to the government and public safety market , partially offset by a 2% ( 2 % ) decrease in net sales to the commercial enterprise market . the increase in net sales to the government and public safety market was primarily driven by : ( i ) increased net sales outside of north america , and ( ii ) the net sales generated by vertex standard co. , ltd. , a business the company acquired a controlling interest of in january 2008 , partially offset by lower net sales in north america . on a geographic basis , the segment 2019s net sales were higher in emea , asia and latin america and lower in north america . 65management 2019s discussion and analysis of financial condition and results of operations %%transmsg*** transmitting job : c49054 pcn : 068000000 ***%%pcmsg|65 |00024|yes|no|02/24/2009 12:31|0|0|page is valid , no graphics -- color : n| .
Question: what was the percentage of consolidated net sales from 2006 to 2008?
Answer: | 2.11269 |
FINQA3950 | Please answer the given financial question based on the context.
Context: determined that it will primarily be subject to the ietu in future periods , and as such it has recorded tax expense of approximately $ 20 million in 2007 for the deferred tax effects of the new ietu system . as of december 31 , 2007 , the company had us federal net operating loss carryforwards of approximately $ 206 million which will begin to expire in 2023 . of this amount , $ 47 million relates to the pre-acquisition period and is subject to limitation . the remaining $ 159 million is subject to limitation as a result of the change in stock ownership in may 2006 . this limitation is not expected to have a material impact on utilization of the net operating loss carryforwards . the company also had foreign net operating loss carryforwards as of december 31 , 2007 of approximately $ 564 million for canada , germany , mexico and other foreign jurisdictions with various expiration dates . net operating losses in canada have various carryforward periods and began expiring in 2007 . net operating losses in germany have no expiration date . net operating losses in mexico have a ten year carryforward period and begin to expire in 2009 . however , these losses are not available for use under the new ietu tax regulations in mexico . as the ietu is the primary system upon which the company will be subject to tax in future periods , no deferred tax asset has been reflected in the balance sheet as of december 31 , 2007 for these income tax loss carryforwards . the company adopted the provisions of fin 48 effective january 1 , 2007 . fin 48 clarifies the accounting for income taxes by prescribing a minimum recognition threshold a tax benefit is required to meet before being recognized in the financial statements . fin 48 also provides guidance on derecognition , measurement , classification , interest and penalties , accounting in interim periods , disclosure and transition . as a result of the implementation of fin 48 , the company increased retained earnings by $ 14 million and decreased goodwill by $ 2 million . in addition , certain tax liabilities for unrecognized tax benefits , as well as related potential penalties and interest , were reclassified from current liabilities to long-term liabilities . liabilities for unrecognized tax benefits as of december 31 , 2007 relate to various us and foreign jurisdictions . a reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows : year ended december 31 , 2007 ( in $ millions ) .
||year ended december 31 2007 ( in $ millions )|
|balance as of january 1 2007|193|
|increases in tax positions for the current year|2|
|increases in tax positions for prior years|28|
|decreases in tax positions of prior years|-21 ( 21 )|
|settlements|-2 ( 2 )|
|balance as of december 31 2007|200|
included in the unrecognized tax benefits of $ 200 million as of december 31 , 2007 is $ 56 million of tax benefits that , if recognized , would reduce the company 2019s effective tax rate . the company recognizes interest and penalties related to unrecognized tax benefits in the provision for income taxes . as of december 31 , 2007 , the company has recorded a liability of approximately $ 36 million for interest and penalties . this amount includes an increase of approximately $ 13 million for the year ended december 31 , 2007 . the company operates in the united states ( including multiple state jurisdictions ) , germany and approximately 40 other foreign jurisdictions including canada , china , france , mexico and singapore . examinations are ongoing in a number of those jurisdictions including , most significantly , in germany for the years 2001 to 2004 . during the quarter ended march 31 , 2007 , the company received final assessments in germany for the prior examination period , 1997 to 2000 . the effective settlement of those examinations resulted in a reduction to goodwill of approximately $ 42 million with a net expected cash outlay of $ 29 million . the company 2019s celanese corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) %%transmsg*** transmitting job : y48011 pcn : 122000000 ***%%pcmsg|f-49 |00023|yes|no|02/26/2008 22:07|0|0|page is valid , no graphics -- color : d| .
Question: what portion of the balance of unrecognized tax benefits as of december 31 , 2007 would affect the effective tax rate if it is recognized?
Answer: | 0.28 |
FINQA3951 | Please answer the given financial question based on the context.
Context: marathon oil corporation notes to consolidated financial statements preferred shares 2013 in connection with the acquisition of western discussed in note 6 , the board of directors authorized a class of voting preferred stock consisting of 6 million shares . upon completion of the acquisition , we issued 5 million shares of this voting preferred stock to a trustee , who holds the shares for the benefit of the holders of the exchangeable shares discussed above . each share of voting preferred stock is entitled to one vote on all matters submitted to the holders of marathon common stock . each holder of exchangeable shares may direct the trustee to vote the number of shares of voting preferred stock equal to the number of shares of marathon common stock issuable upon the exchange of the exchangeable shares held by that holder . in no event will the aggregate number of votes entitled to be cast by the trustee with respect to the outstanding shares of voting preferred stock exceed the number of votes entitled to be cast with respect to the outstanding exchangeable shares . except as otherwise provided in our restated certificate of incorporation or by applicable law , the common stock and the voting preferred stock will vote together as a single class in the election of directors of marathon and on all other matters submitted to a vote of stockholders of marathon generally . the voting preferred stock will have no other voting rights except as required by law . other than dividends payable solely in shares of voting preferred stock , no dividend or other distribution , will be paid or payable to the holder of the voting preferred stock . in the event of any liquidation , dissolution or winding up of marathon , the holder of shares of the voting preferred stock will not be entitled to receive any assets of marathon available for distribution to its stockholders . the voting preferred stock is not convertible into any other class or series of the capital stock of marathon or into cash , property or other rights , and may not be redeemed . 26 . leases we lease a wide variety of facilities and equipment under operating leases , including land and building space , office equipment , production facilities and transportation equipment . most long-term leases include renewal options and , in certain leases , purchase options . future minimum commitments for capital lease obligations ( including sale-leasebacks accounted for as financings ) and for operating lease obligations having initial or remaining noncancelable lease terms in excess of one year are as follows : ( in millions ) capital obligations ( a ) operating obligations .
|( in millions )|capital lease obligations ( a )|operating lease obligations|
|2009|$ 40|$ 181|
|2010|45|133|
|2011|47|110|
|2012|60|100|
|2013|39|85|
|later years|426|379|
|sublease rentals|2013|-21 ( 21 )|
|total minimum lease payments|$ 657|$ 967|
|less imputed interest costs|-198 ( 198 )||
|present value of net minimum lease payments|$ 459||
( a ) capital lease obligations includes $ 335 million related to assets under construction as of december 31 , 2008 . these leases are currently reported in long-term debt based on percentage of construction completed at $ 126 million . in connection with past sales of various plants and operations , we assigned and the purchasers assumed certain leases of major equipment used in the divested plants and operations of united states steel . in the event of a default by any of the purchasers , united states steel has assumed these obligations ; however , we remain primarily obligated for payments under these leases . minimum lease payments under these operating lease obligations of $ 21 million have been included above and an equal amount has been reported as sublease rentals . of the $ 459 million present value of net minimum capital lease payments , $ 69 million was related to obligations assumed by united states steel under the financial matters agreement. .
Question: what is the percentage of completion for the assets under construction as of december 31 , 2008?\\n
Answer: | 0.37612 |
FINQA3952 | Please answer the given financial question based on the context.
Context: corporate income taxes other than withholding taxes on certain investment income and premium excise taxes . if group or its bermuda subsidiaries were to become subject to u.s . income tax , there could be a material adverse effect on the company 2019s financial condition , results of operations and cash flows . united kingdom . bermuda re 2019s uk branch conducts business in the uk and is subject to taxation in the uk . bermuda re believes that it has operated and will continue to operate its bermuda operation in a manner which will not cause them to be subject to uk taxation . if bermuda re 2019s bermuda operations were to become subject to uk income tax , there could be a material adverse impact on the company 2019s financial condition , results of operations and cash flow . ireland . holdings ireland and ireland re conduct business in ireland and are subject to taxation in ireland . available information . the company 2019s annual reports on form 10-k , quarterly reports on form 10-q , current reports on form 8- k , proxy statements and amendments to those reports are available free of charge through the company 2019s internet website at http://www.everestregroup.com as soon as reasonably practicable after such reports are electronically filed with the securities and exchange commission ( the 201csec 201d ) . item 1a . risk factors in addition to the other information provided in this report , the following risk factors should be considered when evaluating an investment in our securities . if the circumstances contemplated by the individual risk factors materialize , our business , financial condition and results of operations could be materially and adversely affected and the trading price of our common shares could decline significantly . risks relating to our business fluctuations in the financial markets could result in investment losses . prolonged and severe disruptions in the public debt and equity markets , such as occurred during 2008 , could result in significant realized and unrealized losses in our investment portfolio . although financial markets have significantly improved since 2008 , they could deteriorate in the future . such declines in the financial markets could result in significant realized and unrealized losses on investments and could have a material adverse impact on our results of operations , equity , business and insurer financial strength and debt ratings . our results could be adversely affected by catastrophic events . we are exposed to unpredictable catastrophic events , including weather-related and other natural catastrophes , as well as acts of terrorism . any material reduction in our operating results caused by the occurrence of one or more catastrophes could inhibit our ability to pay dividends or to meet our interest and principal payment obligations . subsequent to april 1 , 2010 , we define a catastrophe as an event that causes a loss on property exposures before reinsurance of at least $ 10.0 million , before corporate level reinsurance and taxes . prior to april 1 , 2010 , we used a threshold of $ 5.0 million . by way of illustration , during the past five calendar years , pre-tax catastrophe losses , net of contract specific reinsurance but before cessions under corporate reinsurance programs , were as follows: .
|calendar year:|pre-tax catastrophe losses|
|( dollars in millions )||
|2013|$ 195.0|
|2012|410.0|
|2011|1300.4|
|2010|571.1|
|2009|67.4|
.
Question: what are the total pre-tax catastrophe losses in the last three years?
Answer: | 1905.4 |
FINQA3953 | Please answer the given financial question based on the context.
Context: reinsurance commissions , fees and other revenue increased 1% ( 1 % ) driven by a favorable foreign currency translation of 2% ( 2 % ) and was partially offset by a 1% ( 1 % ) decline in dispositions , net of acquisitions and other . organic revenue was flat primarily resulting from strong growth in the capital market transactions and advisory business , partially offset by declines in global facultative placements . operating income operating income increased $ 120 million , or 10% ( 10 % ) , from 2010 to $ 1.3 billion in 2011 . in 2011 , operating income margins in this segment were 19.3% ( 19.3 % ) , up 70 basis points from 18.6% ( 18.6 % ) in 2010 . operating margin improvement was primarily driven by revenue growth , reduced costs of restructuring initiatives and realization of the benefits of those restructuring plans , which was partially offset by the negative impact of expense increases related to investment in the business , lease termination costs , legacy receivables write-off , and foreign currency exchange rates . hr solutions .
|years ended december 31,|2011|2010|2009|
|revenue|$ 4501|$ 2111|$ 1267|
|operating income|448|234|203|
|operating margin|10.0% ( 10.0 % )|11.1% ( 11.1 % )|16.0% ( 16.0 % )|
in october 2010 , we completed the acquisition of hewitt , one of the world 2019s leading human resource consulting and outsourcing companies . hewitt operates globally together with aon 2019s existing consulting and outsourcing operations under the newly created aon hewitt brand . hewitt 2019s operating results are included in aon 2019s results of operations beginning october 1 , 2010 . our hr solutions segment generated approximately 40% ( 40 % ) of our consolidated total revenues in 2011 and provides a broad range of human capital services , as follows : 2022 health and benefits advises clients about how to structure , fund , and administer employee benefit programs that attract , retain , and motivate employees . benefits consulting includes health and welfare , executive benefits , workforce strategies and productivity , absence management , benefits administration , data-driven health , compliance , employee commitment , investment advisory and elective benefits services . effective january 1 , 2012 , this line of business will be included in the results of the risk solutions segment . 2022 retirement specializes in global actuarial services , defined contribution consulting , investment consulting , tax and erisa consulting , and pension administration . 2022 compensation focuses on compensatory advisory/counsel including : compensation planning design , executive reward strategies , salary survey and benchmarking , market share studies and sales force effectiveness , with special expertise in the financial services and technology industries . 2022 strategic human capital delivers advice to complex global organizations on talent , change and organizational effectiveness issues , including talent strategy and acquisition , executive on-boarding , performance management , leadership assessment and development , communication strategy , workforce training and change management . 2022 benefits administration applies our hr expertise primarily through defined benefit ( pension ) , defined contribution ( 401 ( k ) ) , and health and welfare administrative services . our model replaces the resource-intensive processes once required to administer benefit plans with more efficient , effective , and less costly solutions . 2022 human resource business processing outsourcing ( 2018 2018hr bpo 2019 2019 ) provides market-leading solutions to manage employee data ; administer benefits , payroll and other human resources processes ; and .
Question: what was the percent of the increase in the operating income from 2010 to 2011
Answer: | 0.91453 |
FINQA3954 | Please answer the given financial question based on the context.
Context: troubled debt restructurings ( tdrs ) a tdr is a loan whose terms have been restructured in a manner that grants a concession to a borrower experiencing financial difficulty . tdrs result from our loss mitigation activities , and include rate reductions , principal forgiveness , postponement/reduction of scheduled amortization , and extensions , which are intended to minimize economic loss and to avoid foreclosure or repossession of collateral . additionally , tdrs also result from borrowers that have been discharged from personal liability through chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to pnc . in those situations where principal is forgiven , the amount of such principal forgiveness is immediately charged off . some tdrs may not ultimately result in the full collection of principal and interest , as restructured , and result in potential incremental losses . these potential incremental losses have been factored into our overall alll estimate . the level of any subsequent defaults will likely be affected by future economic conditions . once a loan becomes a tdr , it will continue to be reported as a tdr until it is ultimately repaid in full , the collateral is foreclosed upon , or it is fully charged off . we held specific reserves in the alll of $ .4 billion and $ .5 billion at december 31 , 2014 and december 31 , 2013 , respectively , for the total tdr portfolio . table 67 : summary of troubled debt restructurings in millions december 31 december 31 .
|in millions|december 312014|december 312013|
|total consumer lending|$ 2041|$ 2161|
|total commercial lending|542|578|
|total tdrs|$ 2583|$ 2739|
|nonperforming|$ 1370|$ 1511|
|accruing ( a )|1083|1062|
|credit card|130|166|
|total tdrs|$ 2583|$ 2739|
( a ) accruing tdr loans have demonstrated a period of at least six months of performance under the restructured terms and are excluded from nonperforming loans . loans where borrowers have been discharged from personal liability through chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to pnc and loans to borrowers not currently obligated to make both principal and interest payments under the restructured terms are not returned to accrual status . table 68 quantifies the number of loans that were classified as tdrs as well as the change in the recorded investments as a result of the tdr classification during 2014 , 2013 , and 2012 , respectively . additionally , the table provides information about the types of tdr concessions . the principal forgiveness tdr category includes principal forgiveness and accrued interest forgiveness . these types of tdrs result in a write down of the recorded investment and a charge-off if such action has not already taken place . the rate reduction tdr category includes reduced interest rate and interest deferral . the tdrs within this category result in reductions to future interest income . the other tdr category primarily includes consumer borrowers that have been discharged from personal liability through chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to pnc , as well as postponement/reduction of scheduled amortization and contractual extensions for both consumer and commercial borrowers . in some cases , there have been multiple concessions granted on one loan . this is most common within the commercial loan portfolio . when there have been multiple concessions granted in the commercial loan portfolio , the principal forgiveness concession was prioritized for purposes of determining the inclusion in table 68 . for example , if there is principal forgiveness in conjunction with lower interest rate and postponement of amortization , the type of concession will be reported as principal forgiveness . second in priority would be rate reduction . for example , if there is an interest rate reduction in conjunction with postponement of amortization , the type of concession will be reported as a rate reduction . in the event that multiple concessions are granted on a consumer loan , concessions resulting from discharge from personal liability through chapter 7 bankruptcy without formal affirmation of the loan obligations to pnc would be prioritized and included in the other type of concession in the table below . after that , consumer loan concessions would follow the previously discussed priority of concessions for the commercial loan portfolio . 138 the pnc financial services group , inc . 2013 form 10-k .
Question: what were average specific reserves in the alll in billions at december 31 , 2014 and december 31 , 2013 for the total tdr portfolio?
Answer: | 0.45 |
FINQA3955 | Please answer the given financial question based on the context.
Context: part ii , item 7 in 2006 , cash provided by financing activities was $ 291 million which was primarily due to the proceeds from employee stock plans ( $ 442 million ) and an increase in debt of $ 1.5 billion partially offset by the repurchase of 17.99 million shares of schlumberger stock ( $ 1.07 billion ) and the payment of dividends to shareholders ( $ 568 million ) . schlumberger believes that at december 31 , 2006 , cash and short-term investments of $ 3.0 billion and available and unused credit facilities of $ 2.2 billion are sufficient to meet future business requirements for at least the next twelve months . summary of major contractual commitments ( stated in millions ) .
|contractual commitments|total|payment period 2007|payment period 2008 - 2009|payment period 2010 - 2011|payment period after 2011|
|debt1|$ 5986|$ 1322|$ 2055|$ 1961|$ 648|
|operating leases|$ 691|$ 191|$ 205|$ 106|$ 189|
|purchase obligations2|$ 1526|$ 1490|$ 36|$ 2013|$ 2013|
purchase obligations 2 $ 1526 $ 1490 $ 36 $ 2013 $ 2013 1 . excludes future payments for interest . includes amounts relating to the $ 1425 million of convertible debentures which are described in note 11 of the consolidated financial statements . 2 . represents an estimate of contractual obligations in the ordinary course of business . although these contractual obligations are considered enforceable and legally binding , the terms generally allow schlumberger the option to reschedule and adjust their requirements based on business needs prior to the delivery of goods . refer to note 4 of the consolidated financial statements for details regarding potential commitments associated with schlumberger 2019s prior business acquisitions . refer to note 20 of the consolidated financial statements for details regarding schlumberger 2019s pension and other postretirement benefit obligations . schlumberger has outstanding letters of credit/guarantees which relate to business performance bonds , custom/excise tax commitments , facility lease/rental obligations , etc . these were entered into in the ordinary course of business and are customary practices in the various countries where schlumberger operates . critical accounting policies and estimates the preparation of financial statements and related disclosures in conformity with accounting principles generally accepted in the united states requires schlumberger to make estimates and assumptions that affect the reported amounts of assets and liabilities , the disclosure of contingent assets and liabilities and the reported amounts of revenue and expenses . the following accounting policies involve 201ccritical accounting estimates 201d because they are particularly dependent on estimates and assumptions made by schlumberger about matters that are inherently uncertain . a summary of all of schlumberger 2019s significant accounting policies is included in note 2 to the consolidated financial statements . schlumberger bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances , the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources . actual results may differ from these estimates under different assumptions or conditions . multiclient seismic data the westerngeco segment capitalizes the costs associated with obtaining multiclient seismic data . the carrying value of the multiclient seismic data library at december 31 , 2006 , 2005 and 2004 was $ 227 million , $ 222 million and $ 347 million , respectively . such costs are charged to cost of goods sold and services based on the percentage of the total costs to the estimated total revenue that schlumberger expects to receive from the sales of such data . however , except as described below under 201cwesterngeco purchase accounting , 201d under no circumstance will an individual survey carry a net book value greater than a 4-year straight-lined amortized value. .
Question: what is the ratio of the total debt to the purchase obligations
Answer: | 3.92267 |
FINQA3956 | Please answer the given financial question based on the context.
Context: notes to consolidated financial statements jpmorgan chase & co./2009 annual report 236 the following table presents the u.s . and non-u.s . components of income before income tax expense/ ( benefit ) and extraordinary gain for the years ended december 31 , 2009 , 2008 and 2007 . year ended december 31 , ( in millions ) 2009 2008 2007 .
|year ended december 31 ( in millions )|2009|2008|2007|
|u.s .|$ 6263|$ -2094 ( 2094 )|$ 13720|
|non-u.s. ( a )|9804|4867|9085|
|income before income taxexpense/ ( benefit ) andextraordinary gain|$ 16067|$ 2773|$ 22805|
non-u.s. ( a ) 9804 4867 9085 income before income tax expense/ ( benefit ) and extraordinary gain $ 16067 $ 2773 $ 22805 ( a ) for purposes of this table , non-u.s . income is defined as income generated from operations located outside the u.s . note 28 2013 restrictions on cash and inter- company funds transfers the business of jpmorgan chase bank , national association ( 201cjpmorgan chase bank , n.a . 201d ) is subject to examination and regulation by the office of the comptroller of the currency ( 201cocc 201d ) . the bank is a member of the u.s . federal reserve sys- tem , and its deposits are insured by the fdic . the board of governors of the federal reserve system ( the 201cfed- eral reserve 201d ) requires depository institutions to maintain cash reserves with a federal reserve bank . the average amount of reserve balances deposited by the firm 2019s bank subsidiaries with various federal reserve banks was approximately $ 821 million and $ 1.6 billion in 2009 and 2008 , respectively . restrictions imposed by u.s . federal law prohibit jpmorgan chase and certain of its affiliates from borrowing from banking subsidiar- ies unless the loans are secured in specified amounts . such secured loans to the firm or to other affiliates are generally limited to 10% ( 10 % ) of the banking subsidiary 2019s total capital , as determined by the risk- based capital guidelines ; the aggregate amount of all such loans is limited to 20% ( 20 % ) of the banking subsidiary 2019s total capital . the principal sources of jpmorgan chase 2019s income ( on a parent company 2013only basis ) are dividends and interest from jpmorgan chase bank , n.a. , and the other banking and nonbanking subsidi- aries of jpmorgan chase . in addition to dividend restrictions set forth in statutes and regulations , the federal reserve , the occ and the fdic have authority under the financial institutions supervisory act to prohibit or to limit the payment of dividends by the banking organizations they supervise , including jpmorgan chase and its subsidiaries that are banks or bank holding companies , if , in the banking regulator 2019s opinion , payment of a dividend would consti- tute an unsafe or unsound practice in light of the financial condi- tion of the banking organization . at january 1 , 2010 and 2009 , jpmorgan chase 2019s banking subsidi- aries could pay , in the aggregate , $ 3.6 billion and $ 17.0 billion , respectively , in dividends to their respective bank holding compa- nies without the prior approval of their relevant banking regulators . the capacity to pay dividends in 2010 will be supplemented by the banking subsidiaries 2019 earnings during the year . in compliance with rules and regulations established by u.s . and non-u.s . regulators , as of december 31 , 2009 and 2008 , cash in the amount of $ 24.0 billion and $ 34.8 billion , respectively , and securities with a fair value of $ 10.2 billion and $ 23.4 billion , re- spectively , were segregated in special bank accounts for the benefit of securities and futures brokerage customers . note 29 2013 capital the federal reserve establishes capital requirements , including well-capitalized standards for the consolidated financial holding company . the occ establishes similar capital requirements and standards for the firm 2019s national banks , including jpmorgan chase bank , n.a. , and chase bank usa , n.a . there are two categories of risk-based capital : tier 1 capital and tier 2 capital . tier 1 capital includes common stockholders 2019 equity , qualifying preferred stock and minority interest less goodwill and other adjustments . tier 2 capital consists of preferred stock not qualifying as tier 1 , subordinated long-term debt and other instru- ments qualifying as tier 2 , and the aggregate allowance for credit losses up to a certain percentage of risk-weighted assets . total regulatory capital is subject to deductions for investments in certain subsidiaries . under the risk-based capital guidelines of the federal reserve , jpmorgan chase is required to maintain minimum ratios of tier 1 and total ( tier 1 plus tier 2 ) capital to risk-weighted assets , as well as minimum leverage ratios ( which are defined as tier 1 capital to average adjusted on 2013balance sheet assets ) . failure to meet these minimum requirements could cause the federal reserve to take action . banking subsidiaries also are subject to these capital requirements by their respective primary regulators . as of december 31 , 2009 and 2008 , jpmorgan chase and all of its banking sub- sidiaries were well-capitalized and met all capital requirements to which each was subject. .
Question: in 2009 what was the ratio of the cash to securities segregated special bank accounts for the benefit of securities and futures brokerage customers
Answer: | 2.35294 |
FINQA3957 | Please answer the given financial question based on the context.
Context: although many clients use both active and passive strategies , the application of these strategies differs greatly . for example , clients may use index products to gain exposure to a market or asset class pending reallocation to an active manager . this has the effect of increasing turnover of index aum . in addition , institutional non-etp index assignments tend to be very large ( multi- billion dollars ) and typically reflect low fee rates . this has the potential to exaggerate the significance of net flows in institutional index products on blackrock 2019s revenues and earnings . equity year-end 2012 equity aum of $ 1.845 trillion increased by $ 285.4 billion , or 18% ( 18 % ) , from the end of 2011 , largely due to flows into regional , country-specific and global mandates and the effect of higher market valuations . equity aum growth included $ 54.0 billion in net new business and $ 3.6 billion in new assets related to the acquisition of claymore . net new business of $ 54.0 billion was driven by net inflows of $ 53.0 billion and $ 19.1 billion into ishares and non-etp index accounts , respectively . passive inflows were offset by active net outflows of $ 18.1 billion , with net outflows of $ 10.0 billion and $ 8.1 billion from fundamental and scientific active equity products , respectively . passive strategies represented 84% ( 84 % ) of equity aum with the remaining 16% ( 16 % ) in active mandates . institutional investors represented 62% ( 62 % ) of equity aum , while ishares , and retail and hnw represented 29% ( 29 % ) and 9% ( 9 % ) , respectively . at year-end 2012 , 63% ( 63 % ) of equity aum was managed for clients in the americas ( defined as the united states , caribbean , canada , latin america and iberia ) compared with 28% ( 28 % ) and 9% ( 9 % ) managed for clients in emea and asia-pacific , respectively . blackrock 2019s effective fee rates fluctuate due to changes in aum mix . approximately half of blackrock 2019s equity aum is tied to international markets , including emerging markets , which tend to have higher fee rates than similar u.s . equity strategies . accordingly , fluctuations in international equity markets , which do not consistently move in tandem with u.s . markets , may have a greater impact on blackrock 2019s effective equity fee rates and revenues . fixed income fixed income aum ended 2012 at $ 1.259 trillion , rising $ 11.6 billion , or 1% ( 1 % ) , relative to december 31 , 2011 . growth in aum reflected $ 43.3 billion in net new business , excluding the two large previously mentioned low-fee outflows , $ 75.4 billion in market and foreign exchange gains and $ 3.0 billion in new assets related to claymore . net new business was led by flows into domestic specialty and global bond mandates , with net inflows of $ 28.8 billion , $ 13.6 billion and $ 3.1 billion into ishares , non-etp index and model-based products , respectively , partially offset by net outflows of $ 2.2 billion from fundamental strategies . fixed income aum was split between passive and active strategies with 48% ( 48 % ) and 52% ( 52 % ) , respectively . institutional investors represented 74% ( 74 % ) of fixed income aum while ishares and retail and hnw represented 15% ( 15 % ) and 11% ( 11 % ) , respectively . at year-end 2012 , 59% ( 59 % ) of fixed income aum was managed for clients in the americas compared with 33% ( 33 % ) and 8% ( 8 % ) managed for clients in emea and asia- pacific , respectively . multi-asset class component changes in multi-asset class aum ( dollar amounts in millions ) 12/31/2011 net new business acquired market /fx app ( dep ) 12/31/2012 .
|( dollar amounts in millions )|12/31/2011|net new business|net acquired|market /fx app ( dep )|12/31/2012|
|asset allocation|$ 126067|$ 1575|$ 78|$ 12440|$ 140160|
|target date/risk|49063|14526|2014|6295|69884|
|fiduciary|50040|-284 ( 284 )|2014|7948|57704|
|multi-asset|$ 225170|$ 15817|$ 78|$ 26683|$ 267748|
multi-asset class aum totaled $ 267.7 billion at year-end 2012 , up 19% ( 19 % ) , or $ 42.6 billion , reflecting $ 15.8 billion in net new business and $ 26.7 billion in portfolio valuation gains . blackrock 2019s multi-asset class team manages a variety of bespoke mandates for a diversified client base that leverages our broad investment expertise in global equities , currencies , bonds and commodities , and our extensive risk management capabilities . investment solutions might include a combination of long-only portfolios and alternative investments as well as tactical asset allocation overlays . at december 31 , 2012 , institutional investors represented 66% ( 66 % ) of multi-asset class aum , while retail and hnw accounted for the remaining aum . additionally , 58% ( 58 % ) of multi-asset class aum is managed for clients based in the americas with 37% ( 37 % ) and 5% ( 5 % ) managed for clients in emea and asia-pacific , respectively . flows reflected ongoing institutional demand for our advice in an increasingly .
Question: what is the percent change in multi-asset from 12/31/2011 to 12/31/2012?
Answer: | 0.18909 |
FINQA3958 | Please answer the given financial question based on the context.
Context: table of contents part ii price range our common stock commenced trading on the nasdaq national market under the symbol 201cmktx 201d on november 5 , 2004 . prior to that date , there was no public market for our common stock . on november 4 , 2004 , the registration statement relating to our initial public offering was declared effective by the sec . the high and low bid information for our common stock , as reported by nasdaq , was as follows : on march 28 , 2005 , the last reported closing price of our common stock on the nasdaq national market was $ 10.26 . holders there were approximately 188 holders of record of our common stock as of march 28 , 2005 . dividend policy we have not declared or paid any cash dividends on our capital stock since our inception . we intend to retain future earnings to finance the operation and expansion of our business and do not anticipate paying any cash dividends in the foreseeable future . in the event we decide to declare dividends on our common stock in the future , such declaration will be subject to the discretion of our board of directors . our board may take into account such matters as general business conditions , our financial results , capital requirements , contractual , legal , and regulatory restrictions on the payment of dividends by us to our stockholders or by our subsidiaries to us and any such other factors as our board may deem relevant . use of proceeds on november 4 , 2004 , the registration statement relating to our initial public offering ( no . 333-112718 ) was declared effective . we received net proceeds from the sale of the shares of our common stock in the offering of $ 53.9 million , at an initial public offering price of $ 11.00 per share , after deducting underwriting discounts and commissions and estimated offering expenses . additionally , prior to the closing of the initial public offering , all outstanding shares of convertible preferred stock were converted into 14484493 shares of common stock and 4266310 shares of non-voting common stock . the underwriters for our initial public offering were credit suisse first boston llc , j.p . morgan securities inc. , banc of america securities llc , bear , stearns & co . inc . and ubs securities llc . all of the underwriters are affiliates of some of our broker-dealer clients and affiliates of some our institutional investor clients . in addition , affiliates of all the underwriters are stockholders of ours . except for salaries , and reimbursements for travel expenses and other out-of-pocket costs incurred in the ordinary course of business , none of the proceeds from the offering have been paid by us , directly or indirectly , to any of our directors or officers or any of their associates , or to any persons owning ten percent or more of our outstanding stock or to any of our affiliates . as of december 31 , 2004 , we have not used any of the net proceeds from the initial public offering for product development costs , sales and marketing activities and working capital . we have invested the proceeds from the offering in cash and cash equivalents and short-term marketable securities pending their use for these or other purposes . item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities november 5 , 2004 december 31 , 2004 .
|high|low|
|$ 24.41|$ 12.75|
.
Question: what was the market cap of common stock as of march 28 , 2005?
Answer: | 1928.88 |
FINQA3959 | 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 portion of the balance of cash and cash equivalents on hand is held outside u.s . in 2017?
Answer: | 0.71564 |
FINQA3960 | Please answer the given financial question based on the context.
Context: in january 2016 , the company issued $ 800 million of debt securities consisting of a $ 400 million aggregate principal three year fixed rate note with a coupon rate of 2.00% ( 2.00 % ) and a $ 400 million aggregate principal seven year fixed rate note with a coupon rate of 3.25% ( 3.25 % ) . the proceeds were used to repay a portion of the company 2019s outstanding commercial paper , repay the remaining term loan balance , and for general corporate purposes . the company 2019s public notes and 144a notes may be redeemed by the company at its option at redemption prices that include accrued and unpaid interest and a make-whole premium . upon the occurrence of a change of control accompanied by a downgrade of the notes below investment grade rating , within a specified time period , the company would be required to offer to repurchase the public notes and 144a notes at a price equal to 101% ( 101 % ) of the aggregate principal amount thereof , plus any accrued and unpaid interest to the date of repurchase . the public notes and 144a notes are senior unsecured and unsubordinated obligations of the company and rank equally with all other senior and unsubordinated indebtedness of the company . the company entered into a registration rights agreement in connection with the issuance of the 144a notes . subject to certain limitations set forth in the registration rights agreement , the company has agreed to ( i ) file a registration statement ( the 201cexchange offer registration statement 201d ) with respect to registered offers to exchange the 144a notes for exchange notes ( the 201cexchange notes 201d ) , which will have terms identical in all material respects to the new 10-year notes and new 30-year notes , as applicable , except that the exchange notes will not contain transfer restrictions and will not provide for any increase in the interest rate thereon in certain circumstances and ( ii ) use commercially reasonable efforts to cause the exchange offer registration statement to be declared effective within 270 days after the date of issuance of the 144a notes . until such time as the exchange offer registration statement is declared effective , the 144a notes may only be sold in accordance with rule 144a or regulation s of the securities act of 1933 , as amended . private notes the company 2019s private notes may be redeemed by the company at its option at redemption prices that include accrued and unpaid interest and a make-whole premium . upon the occurrence of specified changes of control involving the company , the company would be required to offer to repurchase the private notes at a price equal to 100% ( 100 % ) of the aggregate principal amount thereof , plus any accrued and unpaid interest to the date of repurchase . additionally , the company would be required to make a similar offer to repurchase the private notes upon the occurrence of specified merger events or asset sales involving the company , when accompanied by a downgrade of the private notes below investment grade rating , within a specified time period . the private notes are unsecured senior obligations of the company and rank equal in right of payment with all other senior indebtedness of the company . the private notes shall be unconditionally guaranteed by subsidiaries of the company in certain circumstances , as described in the note purchase agreements as amended . other debt during 2015 , the company acquired the beneficial interest in the trust owning the leased naperville facility resulting in debt assumption of $ 100.2 million and the addition of $ 135.2 million in property , plant and equipment . certain administrative , divisional , and research and development personnel are based at the naperville facility . cash paid as a result of the transaction was $ 19.8 million . the assumption of debt and the majority of the property , plant and equipment addition represented non-cash financing and investing activities , respectively . the remaining balance on the assumed debt was settled in december 2017 and was reflected in the "other" line of the table above at december 31 , 2016 . covenants and future maturities the company is in compliance with all covenants under the company 2019s outstanding indebtedness at december 31 , 2017 . as of december 31 , 2017 , the aggregate annual maturities of long-term debt for the next five years were : ( millions ) .
|2018|$ 550|
|2019|397|
|2020|300|
|2021|1017|
|2022|497|
.
Question: when the company acquired the beneficial interest in the trust owning the leased naperville facility , the cash paid was what percentage of property , plant and equipment?\\n\\n[7] : certain administrative , divisional , and research and development personnel are based at the naperville facility.\\n\\n[8] : cash paid as a result of the transaction was $ 19.8 millio
Answer: | 0.14645 |
FINQA3961 | Please answer the given financial question based on the context.
Context: item 7a . quantitative and qualitative disclosures about market risk ( amounts in millions ) in the normal course of business , we are exposed to market risks related to interest rates , foreign currency rates and certain balance sheet items . from time to time , we use derivative instruments , pursuant to established guidelines and policies , to manage some portion of these risks . derivative instruments utilized in our hedging activities are viewed as risk management tools and are not used for trading or speculative purposes . interest rates our exposure to market risk for changes in interest rates relates primarily to the fair market value and cash flows of our debt obligations . the majority of our debt ( approximately 91% ( 91 % ) and 86% ( 86 % ) as of december 31 , 2014 and 2013 , respectively ) bears interest at fixed rates . we do have debt with variable interest rates , but a 10% ( 10 % ) increase or decrease in interest rates would not be material to our interest expense or cash flows . the fair market value of our debt is sensitive to changes in interest rates , and the impact of a 10% ( 10 % ) change in interest rates is summarized below . increase/ ( decrease ) in fair market value as of december 31 , 10% ( 10 % ) increase in interest rates 10% ( 10 % ) decrease in interest rates .
|as of december 31,|increase/ ( decrease ) in fair market value 10% ( 10 % ) increasein interest rates|increase/ ( decrease ) in fair market value 10% ( 10 % ) decreasein interest rates|
|2014|$ -35.5 ( 35.5 )|$ 36.6|
|2013|-26.9 ( 26.9 )|27.9|
we have used interest rate swaps for risk management purposes to manage our exposure to changes in interest rates . we do not have any interest rate swaps outstanding as of december 31 , 2014 . we had $ 1667.2 of cash , cash equivalents and marketable securities as of december 31 , 2014 that we generally invest in conservative , short-term bank deposits or securities . the interest income generated from these investments is subject to both domestic and foreign interest rate movements . during 2014 and 2013 , we had interest income of $ 27.4 and $ 24.7 , respectively . based on our 2014 results , a 100-basis-point increase or decrease in interest rates would affect our interest income by approximately $ 16.7 , assuming that all cash , cash equivalents and marketable securities are impacted in the same manner and balances remain constant from year-end 2014 levels . foreign currency rates we are subject to translation and transaction risks related to changes in foreign currency exchange rates . since we report revenues and expenses in u.s . dollars , changes in exchange rates may either positively or negatively affect our consolidated revenues and expenses ( as expressed in u.s . dollars ) from foreign operations . the primary foreign currencies that impacted our results during 2014 included the argentine peso , australian dollar , brazilian real and british pound sterling . based on 2014 exchange rates and operating results , if the u.s . dollar were to strengthen or weaken by 10% ( 10 % ) , we currently estimate operating income would decrease or increase approximately 4% ( 4 % ) , assuming that all currencies are impacted in the same manner and our international revenue and expenses remain constant at 2014 levels . the functional currency of our foreign operations is generally their respective local currency . assets and liabilities are translated at the exchange rates in effect at the balance sheet date , and revenues and expenses are translated at the average exchange rates during the period presented . the resulting translation adjustments are recorded as a component of accumulated other comprehensive loss , net of tax , in the stockholders 2019 equity section of our consolidated balance sheets . our foreign subsidiaries generally collect revenues and pay expenses in their functional currency , mitigating transaction risk . however , certain subsidiaries may enter into transactions in currencies other than their functional currency . assets and liabilities denominated in currencies other than the functional currency are susceptible to movements in foreign currency until final settlement . currency transaction gains or losses primarily arising from transactions in currencies other than the functional currency are included in office and general expenses . we have not entered into a material amount of foreign currency forward exchange contracts or other derivative financial instruments to hedge the effects of potential adverse fluctuations in foreign currency exchange rates. .
Question: what is the average interest income for 2013 and 2014 , in millions?
Answer: | 26.05 |
FINQA3962 | Please answer the given financial question based on the context.
Context: cross-border outstandings cross-border outstandings , as defined by bank regulatory rules , are amounts payable to state street by residents of foreign countries , regardless of the currency in which the claim is denominated , and local country claims in excess of local country obligations . these cross-border outstandings consist primarily of deposits with banks , loan and lease financing and investment securities . in addition to credit risk , cross-border outstandings have the risk that , as a result of political or economic conditions in a country , borrowers may be unable to meet their contractual repayment obligations of principal and/or interest when due because of the unavailability of , or restrictions on , foreign exchange needed by borrowers to repay their obligations . cross-border outstandings to countries in which we do business which amounted to at least 1% ( 1 % ) of our consolidated total assets were as follows as of december 31: .
|( in millions )|2008|2007|2006|
|united kingdom|$ 5836|$ 5951|$ 5531|
|australia|2044|3567|1519|
|canada|2014|4565|2014|
|germany|2014|2944|2696|
|total cross-border outstandings|$ 7880|$ 17027|$ 9746|
the total cross-border outstandings presented in the table represented 5% ( 5 % ) , 12% ( 12 % ) and 9% ( 9 % ) of our consolidated total assets as of december 31 , 2008 , 2007 and 2006 , respectively . aggregate cross-border outstandings to countries which totaled between .75% ( .75 % ) and 1% ( 1 % ) of our consolidated total assets at december 31 , 2008 amounted to $ 3.45 billion ( canada and germany ) . there were no cross-border outstandings to countries which totaled between .75% ( .75 % ) and 1% ( 1 % ) of our consolidated total assets as of december 31 , 2007 . aggregate cross-border outstandings to countries which totaled between .75% ( .75 % ) and 1% ( 1 % ) of our consolidated total assets at december 31 , 2006 amounted to $ 1.05 billion ( canada ) . capital regulatory and economic capital management both use key metrics evaluated by management to assess whether our actual level of capital is commensurate with our risk profile , is in compliance with all regulatory requirements , and is sufficient to provide us with the financial flexibility to undertake future strategic business initiatives . regulatory capital our objective with respect to regulatory capital management is to maintain a strong capital base in order to provide financial flexibility for our business needs , including funding corporate growth and supporting customers 2019 cash management needs , and to provide protection against loss to depositors and creditors . we strive to maintain an optimal level of capital , commensurate with our risk profile , on which an attractive return to shareholders will be realized over both the short and long term , while protecting our obligations to depositors and creditors and satisfying regulatory requirements . our capital management process focuses on our risk exposures , our capital position relative to our peers , regulatory capital requirements and the evaluations of the major independent credit rating agencies that assign ratings to our public debt . our capital committee , working in conjunction with our asset and liability committee , referred to as alco , oversees the management of regulatory capital , and is responsible for ensuring capital adequacy with respect to regulatory requirements , internal targets and the expectations of the major independent credit rating agencies . the primary regulator of both state street and state street bank for regulatory capital purposes is the federal reserve . both state street and state street bank are subject to the minimum capital requirements established by the federal reserve and defined in the federal deposit insurance corporation improvement act .
Question: what are the consolidated total assets as of december 31 , 2007?
Answer: | 141891.66667 |
FINQA3963 | Please answer the given financial question based on the context.
Context: the table below summarizes activity of rsus with performance conditions for the year ended december 31 , shares ( in thousands ) weighted average grant date fair value ( per share ) .
||shares ( in thousands )|weightedaverage grantdate fair value ( per share )|
|non-vested total as of december 31 2016|309|$ 55.94|
|granted|186|63.10|
|vested|-204 ( 204 )|46.10|
|forfeited|-10 ( 10 )|70.50|
|non-vested total as of december 31 2017|281|$ 67.33|
as of december 31 , 2017 , $ 6 million of total unrecognized compensation cost related to the nonvested rsus , with and without performance conditions , is expected to be recognized over the weighted-average remaining life of 1.5 years . the total fair value of rsus , with and without performance conditions , vested was $ 16 million , $ 14 million and $ 12 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . if dividends are paid with respect to shares of the company 2019s common stock before the rsus are distributed , the company credits a liability for the value of the dividends that would have been paid if the rsus were shares of company common stock . when the rsus are distributed , the company pays the participant a lump sum cash payment equal to the value of the dividend equivalents accrued . the company accrued dividend equivalents totaling less than $ 1 million , $ 1 million and $ 1 million to accumulated deficit in the accompanying consolidated statements of changes in stockholders 2019 equity for the years ended december 31 , 2017 , 2016 and 2015 , respectively . employee stock purchase plan the company maintains a nonqualified employee stock purchase plan ( the 201cespp 201d ) through which employee participants may use payroll deductions to acquire company common stock at the lesser of 90% ( 90 % ) of the fair market value of the common stock at either the beginning or the end of a three-month purchase period . on february 15 , 2017 , the board adopted the american water works company , inc . and its designated subsidiaries 2017 nonqualified employee stock purchase plan , which was approved by stockholders on may 12 , 2017 and took effect on august 5 , 2017 . the prior plan was terminated as to new purchases of company stock effective august 31 , 2017 . as of december 31 , 2017 , there were 2.0 million shares of common stock reserved for issuance under the espp . the espp is considered compensatory . during the years ended december 31 , 2017 , 2016 and 2015 , the company issued 93 thousand , 93 thousand and 98 thousand shares , respectively , under the espp. .
Question: as of december 31 , 2017 what was the percent of shares forfeited
Answer: | 0.03559 |
FINQA3964 | Please answer the given financial question based on the context.
Context: 24 | 2018 emerson annual report 2017 vs . 2016 2013 commercial & residential solutions sales were $ 5.9 billion in 2017 , an increase of $ 302 million , or 5 percent , reflecting favorable conditions in hvac and refrigeration markets in the u.s. , asia and europe , as well as u.s . and asian construction markets . underlying sales increased 5 percent ( $ 297 million ) on 6 percent higher volume , partially offset by 1 percent lower price . foreign currency translation deducted $ 20 million and acquisitions added $ 25 million . climate technologies sales were $ 4.2 billion in 2017 , an increase of $ 268 million , or 7 percent . global air conditioning sales were solid , led by strength in the u.s . and asia and robust growth in china partially due to easier comparisons , while sales were up modestly in europe and declined moderately in middle east/africa . global refrigeration sales were strong , reflecting robust growth in china on increased adoption of energy- efficient solutions and slight growth in the u.s . sensors and solutions had strong growth , while temperature controls was up modestly . tools & home products sales were $ 1.6 billion in 2017 , up $ 34 million compared to the prior year . professional tools had strong growth on favorable demand from oil and gas customers and in other construction-related markets . wet/dry vacuums sales were up moderately as favorable conditions continued in u.s . construction markets . food waste disposers increased slightly , while the storage business declined moderately . overall , underlying sales increased 3 percent in the u.s. , 4 percent in europe and 17 percent in asia ( china up 27 percent ) . sales increased 3 percent in latin america and 4 percent in canada , while sales decreased 5 percent in middle east/africa . earnings were $ 1.4 billion , an increase of $ 72 million driven by climate technologies , while margin was flat . increased volume and resulting leverage , savings from cost reduction actions , and lower customer accommodation costs of $ 16 million were largely offset by higher materials costs , lower price and unfavorable product mix . financial position , capital resources and liquidity the company continues to generate substantial cash from operations and has the resources available to reinvest for growth in existing businesses , pursue strategic acquisitions and manage its capital structure on a short- and long-term basis . cash flow from continuing operations ( dollars in millions ) 2016 2017 2018 .
|( dollars in millions )|2016|2017|2018|
|operating cash flow|$ 2499|2690|2892|
|percent of sales|17.2% ( 17.2 % )|17.6% ( 17.6 % )|16.6% ( 16.6 % )|
|capital expenditures|$ 447|476|617|
|percent of sales|3.1% ( 3.1 % )|3.1% ( 3.1 % )|3.5% ( 3.5 % )|
|free cash flow ( operating cash flow less capital expenditures )|$ 2052|2214|2275|
|percent of sales|14.1% ( 14.1 % )|14.5% ( 14.5 % )|13.1% ( 13.1 % )|
|operating working capital|$ 755|1007|985|
|percent of sales|5.2% ( 5.2 % )|6.6% ( 6.6 % )|5.7% ( 5.7 % )|
operating cash flow from continuing operations for 2018 was $ 2.9 billion , a $ 202 million , or 8 percent increase compared with 2017 , primarily due to higher earnings , partially offset by an increase in working capital investment to support higher levels of sales activity and income taxes paid on the residential storage divestiture . operating cash flow from continuing operations of $ 2.7 billion in 2017 increased 8 percent compared to $ 2.5 billion in 2016 , reflecting higher earnings and favorable changes in working capital . at september 30 , 2018 , operating working capital as a percent of sales was 5.7 percent compared with 6.6 percent in 2017 and 5.2 percent in 2016 . the increase in 2017 was due to higher levels of working capital in the acquired valves & controls business . operating cash flow from continuing operations funded capital expenditures of $ 617 million , dividends of $ 1.2 billion , and common stock purchases of $ 1.0 billion . in 2018 , the company repatriated $ 1.4 billion of cash held by non-u.s . subsidiaries , which was part of the company 2019s previously announced plans . these funds along with increased short-term borrowings and divestiture proceeds supported acquisitions of $ 2.2 billion . contributions to pension plans were $ 61 million in 2018 , $ 45 million in 2017 and $ 66 million in 2016 . capital expenditures related to continuing operations were $ 617 million , $ 476 million and $ 447 million in 2018 , 2017 and 2016 , respectively . free cash flow from continuing operations ( operating cash flow less capital expenditures ) was $ 2.3 billion in 2018 , up 3 percent . free cash flow was $ 2.2 billion in 2017 , compared with $ 2.1 billion in 2016 . the company is targeting capital spending of approximately $ 650 million in 2019 . net cash paid in connection with acquisitions was $ 2.2 billion , $ 3.0 billion and $ 132 million in 2018 , 2017 and 2016 , respectively . proceeds from divestitures not classified as discontinued operations were $ 201 million and $ 39 million in 2018 and 2017 , respectively . dividends were $ 1.2 billion ( $ 1.94 per share ) in 2018 , compared with $ 1.2 billion ( $ 1.92 per share ) in 2017 and $ 1.2 billion ( $ 1.90 per share ) in 2016 . in november 2018 , the board of directors voted to increase the quarterly cash dividend 1 percent , to an annualized rate of $ 1.96 per share . purchases of emerson common stock totaled $ 1.0 billion , $ 400 million and $ 601 million in 2018 , 2017 and 2016 , respectively , at average per share prices of $ 66.25 , $ 60.51 and $ 48.11 . the board of directors authorized the purchase of up to 70 million common shares in november 2015 , and 41.8 million shares remain available for purchase under this authorization . the company purchased 15.1 million shares in 2018 , 6.6 million shares in 2017 , and 12.5 million shares in 2016 under this authorization and the remainder of the may 2013 authorization. .
Question: to maintain the same percentage of sales capital expenditure in 2019 as in 2018 what will be the sales needed in millions?
Answer: | 18571.42857 |
FINQA3965 | Please answer the given financial question based on the context.
Context: incentive compensation cost the following table shows components of compensation expense , relating to certain of the incentive compensation programs described above : in a0millions a0of a0dollars 2018 2017 2016 charges for estimated awards to retirement-eligible employees $ 669 $ 659 $ 555 amortization of deferred cash awards , deferred cash stock units and performance stock units 202 354 336 immediately vested stock award expense ( 1 ) 75 70 73 amortization of restricted and deferred stock awards ( 2 ) 435 474 509 .
|in millions of dollars|2018|2017|2016|
|charges for estimated awards to retirement-eligible employees|$ 669|$ 659|$ 555|
|amortization of deferred cash awards deferred cash stock units and performance stock units|202|354|336|
|immediately vested stock award expense ( 1 )|75|70|73|
|amortization of restricted and deferred stock awards ( 2 )|435|474|509|
|other variable incentive compensation|640|694|710|
|total|$ 2021|$ 2251|$ 2183|
( 1 ) represents expense for immediately vested stock awards that generally were stock payments in lieu of cash compensation . the expense is generally accrued as cash incentive compensation in the year prior to grant . ( 2 ) all periods include amortization expense for all unvested awards to non-retirement-eligible employees. .
Question: what percentage of total compensation expense in 2017 is composed of other variable incentive compensation?
Answer: | 0.30831 |
FINQA3966 | Please answer the given financial question based on the context.
Context: entergy new orleans , inc . management 2019s financial discussion and analysis the volume/weather variance is primarily due to an increase in electricity usage in the residential and commercial sectors due in part to a 4% ( 4 % ) increase in the average number of residential customers and a 3% ( 3 % ) increase in the average number of commercial customers , partially offset by the effect of less favorable weather on residential sales . gross operating revenues gross operating revenues decreased primarily due to : a decrease of $ 16.2 million in electric fuel cost recovery revenues due to lower fuel rates ; a decrease of $ 15.4 million in gross gas revenues primarily due to lower fuel cost recovery revenues as a result of lower fuel rates and the effect of milder weather ; and formula rate plan decreases effective october 2010 and october 2011 , as discussed above . the decrease was partially offset by an increase in gross wholesale revenue due to increased sales to affiliated customers and more favorable volume/weather , as discussed above . 2010 compared to 2009 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 2010 to 2009 . amount ( in millions ) .
||amount ( in millions )|
|2009 net revenue|$ 243.0|
|volume/weather|17.0|
|net gas revenue|14.2|
|effect of 2009 rate case settlement|-6.6 ( 6.6 )|
|other|5.3|
|2010 net revenue|$ 272.9|
the volume/weather variance is primarily due to an increase of 348 gwh , or 7% ( 7 % ) , in billed retail electricity usage primarily due to more favorable weather compared to last year . the net gas revenue variance is primarily due to more favorable weather compared to last year , along with the recognition of a gas regulatory asset associated with the settlement of entergy new orleans 2019s electric and gas formula rate plans . see note 2 to the financial statements for further discussion of the formula rate plan settlement . the effect of 2009 rate case settlement variance results from the april 2009 settlement of entergy new orleans 2019s rate case , and includes the effects of realigning non-fuel costs associated with the operation of grand gulf from the fuel adjustment clause to electric base rates effective june 2009 . see note 2 to the financial statements for further discussion of the rate case settlement . other income statement variances 2011 compared to 2010 other operation and maintenance expenses decreased primarily due to the deferral in 2011 of $ 13.4 million of 2010 michoud plant maintenance costs pursuant to the settlement of entergy new orleans 2019s 2010 test year formula rate plan filing approved by the city council in september 2011 and a decrease of $ 8.0 million in fossil- fueled generation expenses due to higher plant outage costs in 2010 due to a greater scope of work at the michoud plant . see note 2 to the financial statements for more discussion of the 2010 test year formula rate plan filing. .
Question: what was the total net revenue between 2009 and 2010
Answer: | 515.9 |
FINQA3967 | Please answer the given financial question based on the context.
Context: jpmorgan chase & co./2017 annual report 39 five-year stock performance the following table and graph compare the five-year cumulative total return for jpmorgan chase & co . ( 201cjpmorgan chase 201d or the 201cfirm 201d ) common stock with the cumulative return of the s&p 500 index , the kbw bank index and the s&p financial index . the s&p 500 index is a commonly referenced equity benchmark in the united states of america ( 201cu.s . 201d ) , consisting of leading companies from different economic sectors . the kbw bank index seeks to reflect the performance of banks and thrifts that are publicly traded in the u.s . and is composed of leading national money center and regional banks and thrifts . the s&p financial index is an index of financial companies , all of which are components of the s&p 500 . the firm is a component of all three industry indices . the following table and graph assume simultaneous investments of $ 100 on december 31 , 2012 , in jpmorgan chase common stock and in each of the above indices . the comparison assumes that all dividends are reinvested . december 31 , ( in dollars ) 2012 2013 2014 2015 2016 2017 .
|december 31 ( in dollars )|2012|2013|2014|2015|2016|2017|
|jpmorgan chase|$ 100.00|$ 136.71|$ 150.22|$ 162.79|$ 219.06|$ 277.62|
|kbw bank index|100.00|137.76|150.66|151.39|194.55|230.72|
|s&p financial index|100.00|135.59|156.17|153.72|188.69|230.47|
|s&p 500 index|100.00|132.37|150.48|152.55|170.78|208.05|
december 31 , ( in dollars ) 201720162015201420132012 .
Question: did jpmorgan chase outperform the kbw bank index?
Answer: | yes |
FINQA3968 | 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 $ 27.51 billion and $ 29.24 billion as of december 2014 and december 2013 , respectively . the credit loss protection on loan commitments provided by smfg is generally limited to 95% ( 95 % ) of the first loss the firm realizes on such commitments , up to a maximum of approximately $ 950 million . in addition , subject to the satisfaction of certain conditions , upon the firm 2019s request , smfg will provide protection for 70% ( 70 % ) of additional losses on such commitments , up to a maximum of $ 1.13 billion , of which $ 768 million and $ 870 million of protection had been provided as of december 2014 and december 2013 , 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 . letters of credit the firm has commitments under letters of credit issued by various banks which the firm provides to counterparties in lieu of securities or cash to satisfy various collateral and margin deposit requirements . investment commitments the firm 2019s investment commitments of $ 5.16 billion and $ 7.12 billion as of december 2014 and december 2013 , respectively , include commitments to invest in private equity , real estate and other assets directly and through funds that the firm raises and manages . of these amounts , $ 2.87 billion and $ 5.48 billion as of december 2014 and december 2013 , 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 2014 .
|$ in millions|as of december 2014|
|2015|$ 321|
|2016|292|
|2017|274|
|2018|226|
|2019|190|
|2020 - thereafter|870|
|total|$ 2173|
rent charged to operating expense was $ 309 million for 2014 , $ 324 million for 2013 and $ 374 million for 2012 . 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 . goldman sachs 2014 annual report 165 .
Question: what percentage of future minimum rental payments is due in 2016?
Answer: | 0.13438 |
FINQA3969 | Please answer the given financial question based on the context.
Context: table of contents interest expense , net of capitalized interest decreased $ 129 million , or 18.1% ( 18.1 % ) , in 2014 from the 2013 period primarily due to a $ 63 million decrease in special charges recognized period-over-period as further described below , as well as refinancing activities that resulted in $ 65 million less interest expense recognized in 2014 . in 2014 , american recognized $ 29 million of special charges relating to non-cash interest accretion on bankruptcy settlement obligations . in 2013 , american recognized $ 48 million of special charges relating to post-petition interest expense on unsecured obligations pursuant to the plan and penalty interest related to american 2019s 10.5% ( 10.5 % ) secured notes and 7.50% ( 7.50 % ) senior secured notes . in addition , in 2013 american recorded special charges of $ 44 million for debt extinguishment costs incurred as a result of the repayment of certain aircraft secured indebtedness , including cash interest charges and non-cash write offs of unamortized debt issuance costs . as a result of the 2013 refinancing activities and the early extinguishment of american 2019s 7.50% ( 7.50 % ) senior secured notes in 2014 , american recognized $ 65 million less interest expense in 2014 as compared to the 2013 period . other nonoperating expense , net of $ 153 million in 2014 consisted principally of net foreign currency losses of $ 92 million and early debt extinguishment charges of $ 48 million . other nonoperating expense , net of $ 84 million in 2013 consisted principally of net foreign currency losses of $ 55 million and early debt extinguishment charges of $ 29 million . other nonoperating expense , net increased $ 69 million , or 81.0% ( 81.0 % ) , during 2014 primarily due to special charges recognized as a result of early debt extinguishment and an increase in foreign currency losses driven by the strengthening of the u.s . dollar in foreign currency transactions , principally in latin american markets . american recorded a $ 43 million special charge for venezuelan foreign currency losses in 2014 . see part ii , item 7a . quantitative and qualitative disclosures about market risk for further discussion of our cash held in venezuelan bolivars . in addition , american 2019s nonoperating special items included $ 48 million in special charges in the 2014 primarily related to the early extinguishment of american 2019s 7.50% ( 7.50 % ) senior secured notes and other indebtedness . reorganization items , net reorganization items refer to revenues , expenses ( including professional fees ) , realized gains and losses and provisions for losses that are realized or incurred as a direct result of the chapter 11 cases . the following table summarizes the components included in reorganization items , net on american 2019s consolidated statement of operations for the year ended december 31 , 2013 ( in millions ) : .
||2013|
|labor-related deemed claim ( 1 )|$ 1733|
|aircraft and facility financing renegotiations and rejections ( 2 ) ( 3 )|320|
|fair value of conversion discount ( 4 )|218|
|professional fees|199|
|other|170|
|total reorganization items net|$ 2640|
( 1 ) in exchange for employees 2019 contributions to the successful reorganization , including agreeing to reductions in pay and benefits , american agreed in the plan to provide each employee group a deemed claim , which was used to provide a distribution of a portion of the equity of the reorganized entity to those employees . each employee group received a deemed claim amount based upon a portion of the value of cost savings provided by that group through reductions to pay and benefits as well as through certain work rule changes . the total value of this deemed claim was approximately $ 1.7 billion . ( 2 ) amounts include allowed claims ( claims approved by the bankruptcy court ) and estimated allowed claims relating to ( i ) the rejection or modification of financings related to aircraft and ( ii ) entry of orders treated as unsecured claims with respect to facility agreements supporting certain issuances of special facility revenue bonds . the debtors recorded an estimated claim associated with the rejection or modification of a financing or facility agreement when the applicable motion was filed with the bankruptcy court to reject or modify .
Question: what is the percent of the labor-related deemed claim to the total re-organization costs in 2013
Answer: | 0.65644 |
FINQA3970 | Please answer the given financial question based on the context.
Context: on november 1 , 2016 , management evaluated the net assets of alcoa corporation for potential impairment and determined that no impairment charge was required . the cash flows related to alcoa corporation have not been segregated and are included in the statement of consolidated cash flows for 2016 . the following table presents depreciation , depletion and amortization , restructuring and other charges , and purchases of property , plant and equipment of the discontinued operations related to alcoa corporation: .
|for the year ended december 31,|2016|
|depreciation depletion and amortization|$ 593|
|restructuring and other charges|$ 102|
|capital expenditures|$ 298|
w . subsequent events management evaluated all activity of arconic and concluded that no subsequent events have occurred that would require recognition in the consolidated financial statements or disclosure in the notes to the consolidated financial statements , except as noted below : on january 22 , 2019 , the company announced that its board of directors ( the board ) had determined to no longer pursue a potential sale of arconic as part of its strategy and portfolio review . on february 6 , 2019 , the company announced that the board appointed john c . plant , current chairman of the board , as chairman and chief executive officer of the company , effective february 6 , 2019 , to succeed chip blankenship , who ceased to serve as chief executive officer of the company and resigned as a member of the board , in each case as of that date . in addition , the company announced that the board appointed elmer l . doty , current member of the board , as president and chief operating officer , a newly created position , effective february 6 , 2019 . mr . doty will remain a member of the board . the company also announced that arthur d . collins , jr. , current member of the board , has been appointed interim lead independent director of the company , effective february 6 , 2019 . on february 8 , 2019 , the company announced the following key initiatives as part of its ongoing strategy and portfolio review : plans to reduce operating costs , designed to maximize the impact in 2019 ; the planned separation of its portfolio into engineered products and forgings ( ep&f ) and global rolled products ( grp ) , with a spin-off of one of the businesses ; the potential sale of businesses that do not best fit into ep&f or grp ; execute its previously authorized $ 500 share repurchase program in the first half of 2019 ; the board authorized an additional $ 500 of share repurchases , effective through the end of 2020 ; and plans to reduce its quarterly common stock dividend from $ 0.06 to $ 0.02 per share . on february 19 , 2019 , the company entered into an accelerated share repurchase ( 201casr 201d ) agreement with jpmorgan chase bank to repurchase $ 700 of its common stock , pursuant to the share repurchase program previously authorized by the board . under the asr agreement , arconic will receive initial delivery of approximately 32 million shares on february 21 , 2019 . the final number of shares to be repurchased will be based on the volume-weighted average price of arconic 2019s common stock during the term of the transaction , less a discount . the asr agreement is expected to be completed during the first half of the company will evaluate its organizational structure in conjunction with the planned separation of its portfolio and changes to its reportable segments are expected in the first half of 2019. .
Question: how bigger are the expenses with depreciation depletion and amortization as a percent of capital expenditures in 2016?
Answer: | 0.98993 |
FINQA3971 | 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: what will be the rate of return for global payments from 2003 to 2004?
Answer: | 0.3776 |
FINQA3972 | Please answer the given financial question based on the context.
Context: in connection with our assessment of impairment we recorded gross other-than-temporary impairment of $ 1.15 billion for 2009 , compared to $ 122 million for 2008 . of the total recorded , $ 227 million related to credit and was recognized in our consolidated statement of income . the remaining $ 928 million related to factors other than credit , more fully discussed below , and was recognized , net of related taxes , in oci in our consolidated statement of condition . the $ 227 million was composed of $ 151 million associated with expected credit losses , $ 54 million related to management 2019s decision to sell the impaired securities prior to their recovery in value , and $ 22 million related to adverse changes in the timing of expected future cash flows from the securities . the majority of the impairment losses related to non-agency securities collateralized by mortgages , for which management concluded had experienced credit losses based on the present value of the securities 2019 expected future cash flows . these securities are classified as asset-backed securities in the foregoing investment securities tables . as described in note 1 , management periodically reviews the fair values of investment securities to determine if other-than-temporary impairment has occurred . this review encompasses all investment securities and includes such quantitative factors as current and expected future interest rates and the length of time that a security 2019s cost basis has exceeded its fair value , and includes investment securities for which we have issuer- specific concerns regardless of quantitative factors . gains and losses related to investment securities were as follows for the years ended december 31: .
|( in millions )|2009|2008|2007|
|gross gains from sales of available-for-sale securities|$ 418|$ 100|$ 24|
|gross losses from sales of available-for-sale securities|-50 ( 50 )|-32 ( 32 )|-17 ( 17 )|
|gross losses from other-than-temporary impairment|-1155 ( 1155 )|-122 ( 122 )|-34 ( 34 )|
|losses not related to credit ( 1 )|928|2014|2014|
|net impairment losses|-227 ( 227 )|-122 ( 122 )|-34 ( 34 )|
|gains ( losses ) related to investment securities net|$ 141|$ -54 ( 54 )|$ -27 ( 27 )|
( 1 ) these losses were recognized as a component of oci ; see note 12 . we conduct periodic reviews to evaluate each security that is impaired . impairment exists when the current fair value of an individual security is below its amortized cost basis . for debt securities available for sale and held to maturity , other-than-temporary impairment is recorded in our consolidated statement of income when management intends to sell ( or may be required to sell ) securities before they recover in value , or when management expects the present value of cash flows expected to be collected to be less than the amortized cost of the impaired security ( a credit loss ) . our review of impaired securities generally includes : 2022 the identification and evaluation of securities that have indications of possible other-than-temporary impairment , such as issuer-specific concerns including deteriorating financial condition or bankruptcy ; 2022 the analysis of expected future cash flows of securities , based on quantitative and qualitative factors ; 2022 the analysis of the collectability of those future cash flows , including information about past events , current conditions and reasonable and supportable forecasts ; 2022 the analysis of individual impaired securities , including consideration of the length of time the security has been in an unrealized loss position and the anticipated recovery period ; 2022 the discussion of evidential matter , including an evaluation of factors or triggers that could cause individual securities to be deemed other-than-temporarily impaired and those that would not support other-than-temporary impairment ; and 2022 documentation of the results of these analyses . factors considered in determining whether impairment is other than temporary include : 2022 the length of time the security has been impaired; .
Question: what was the average gross gains from sales of available-for-sale securities from 2007 to 2009
Answer: | 272.5 |
FINQA3973 | Please answer the given financial question based on the context.
Context: the company will continue to rely upon debt and capital markets for the majority of any necessary long-term funding not provided by operating cash flows . funding decisions will be guided by our capital structure planning objectives . the primary goals of the company 2019s capital structure planning are to maximize financial flexibility and preserve liquidity while reducing interest expense . the majority of international paper 2019s debt is accessed through global public capital markets where we have a wide base of investors . maintaining an investment grade credit rating is an important element of international paper 2019s financing strategy . at december 31 , 2015 , the company held long-term credit ratings of bbb ( stable outlook ) and baa2 ( stable outlook ) by s&p and moody 2019s , respectively . contractual obligations for future payments under existing debt and lease commitments and purchase obligations at december 31 , 2015 , were as follows: .
|in millions|2015|2016|2017|2018|2019|thereafter|
|maturities of long-term debt ( a )|$ 426|$ 43|$ 811|$ 427|$ 183|$ 7436|
|lease obligations|118|95|72|55|41|128|
|purchase obligations ( b )|3001|541|447|371|358|1579|
|total ( c )|$ 3545|$ 679|$ 1330|$ 853|$ 582|$ 9143|
( a ) total debt includes scheduled principal payments only . ( b ) includes $ 2.1 billion relating to fiber supply agreements entered into at the time of the 2006 transformation plan forestland sales and in conjunction with the 2008 acquisition of weyerhaeuser company 2019s containerboard , packaging and recycling business . ( c ) not included in the above table due to the uncertainty as to the amount and timing of the payment are unrecognized tax benefits of approximately $ 101 million . we consider the undistributed earnings of our foreign subsidiaries as of december 31 , 2015 , to be indefinitely reinvested and , accordingly , no u.s . income taxes have been provided thereon . as of december 31 , 2015 , the amount of cash associated with indefinitely reinvested foreign earnings was approximately $ 600 million . we do not anticipate the need to repatriate funds to the united states to satisfy domestic liquidity needs arising in the ordinary course of business , including liquidity needs associated with our domestic debt service requirements . pension obligations and funding at december 31 , 2015 , the projected benefit obligation for the company 2019s u.s . defined benefit plans determined under u.s . gaap was approximately $ 3.5 billion higher than the fair value of plan assets . approximately $ 3.2 billion of this amount relates to plans that are subject to minimum funding requirements . under current irs funding rules , the calculation of minimum funding requirements differs from the calculation of the present value of plan benefits ( the projected benefit obligation ) for accounting purposes . in december 2008 , the worker , retiree and employer recovery act of 2008 ( wera ) was passed by the u.s . congress which provided for pension funding relief and technical corrections . funding contributions depend on the funding method selected by the company , and the timing of its implementation , as well as on actual demographic data and the targeted funding level . the company continually reassesses the amount and timing of any discretionary contributions and elected to make contributions totaling $ 750 million and $ 353 million for the years ended december 31 , 2015 and 2014 , respectively . at this time , we do not expect to have any required contributions to our plans in 2016 , although the company may elect to make future voluntary contributions . the timing and amount of future contributions , which could be material , will depend on a number of factors , including the actual earnings and changes in values of plan assets and changes in interest rates . international paper has announced a voluntary , limited-time opportunity for former employees who are participants in the retirement plan of international paper company ( the pension plan ) to request early payment of their entire pension plan benefit in the form of a single lump sum payment . eligible participants who wish to receive the lump sum payment must make an election between february 29 and april 29 , 2016 , and payment is scheduled to be made on or before june 30 , 2016 . all payments will be made from the pension plan trust assets . the target population has a total liability of $ 3.0 billion . the amount of the total payments will depend on the participation rate of eligible participants , but is expected to be approximately $ 1.5 billion . based on the expected level of payments , settlement accounting rules will apply in the period in which the payments are made . this will result in a plan remeasurement and the recognition in earnings of a pro-rata portion of unamortized net actuarial loss . ilim holding s.a . shareholder 2019s agreement in october 2007 , in connection with the formation of the ilim holding s.a . joint venture , international paper entered into a shareholder 2019s agreement that includes provisions relating to the reconciliation of disputes among the partners . this agreement was amended on may 7 , 2014 . pursuant to the amended agreement , beginning on january 1 , 2017 , either the company or its partners may commence certain procedures specified under the deadlock provisions . if these or any other deadlock provisions are commenced , the company may in certain situations , choose to purchase its partners 2019 50% ( 50 % ) interest in ilim . any such transaction would be subject to review and approval by russian and other relevant antitrust authorities . any such purchase by international paper would result in the consolidation of ilim 2019s financial position and results of operations in all subsequent periods. .
Question: what percentage of contractual obligations for future payments under existing debt and lease commitments and purchase obligations at december 31 , 2015 are due to maturities of long-term debt in 2017?
Answer: | 0.60977 |
FINQA3974 | Please answer the given financial question based on the context.
Context: have access to liquidity by issuing bonds to public or private investors based on our assessment of the current condition of the credit markets . at december 31 , 2009 , we had a working capital surplus of approximately $ 1.0 billion , which reflects our decision to maintain additional cash reserves to enhance liquidity in response to difficult economic conditions . at december 31 , 2008 , we had a working capital deficit of approximately $ 100 million . historically , we have had a working capital deficit , which is common in our industry and does not indicate a lack of liquidity . we maintain adequate resources and , when necessary , have access to capital to meet any daily and short-term cash requirements , and we have sufficient financial capacity to satisfy our current liabilities . cash flows millions of dollars 2009 2008 2007 .
|millions of dollars|2009|2008|2007|
|cash provided by operating activities|$ 3234|$ 4070|$ 3277|
|cash used in investing activities|-2175 ( 2175 )|-2764 ( 2764 )|-2426 ( 2426 )|
|cash used in financing activities|-458 ( 458 )|-935 ( 935 )|-800 ( 800 )|
|net change in cash and cash equivalents|$ 601|$ 371|$ 51|
operating activities lower net income in 2009 , a reduction of $ 184 million in the outstanding balance of our accounts receivable securitization program , higher pension contributions of $ 72 million , and changes to working capital combined to decrease cash provided by operating activities compared to 2008 . higher net income and changes in working capital combined to increase cash provided by operating activities in 2008 compared to 2007 . in addition , accelerated tax deductions enacted in 2008 on certain new operating assets resulted in lower income tax payments in 2008 versus 2007 . voluntary pension contributions in 2008 totaling $ 200 million and other pension contributions of $ 8 million partially offset the year-over-year increase versus 2007 . investing activities lower capital investments and higher proceeds from asset sales drove the decrease in cash used in investing activities in 2009 versus 2008 . increased capital investments and lower proceeds from asset sales drove the increase in cash used in investing activities in 2008 compared to 2007. .
Question: without the 2008 voluntary pension contributions , how much cash would have been provided by operating activities , in millions?
Answer: | 4270.0 |
FINQA3975 | Please answer the given financial question based on the context.
Context: f-80 www.thehartford.com the hartford financial services group , inc . notes to consolidated financial statements ( continued ) 14 . commitments and contingencies ( continued ) future minimum lease commitments as of december 31 , 2016 operating leases .
||operating leases|
|2017|$ 42|
|2018|35|
|2019|28|
|2020|20|
|2021|10|
|thereafter|28|
|total minimum lease payments [1]|$ 163|
[1] excludes expected future minimum sublease income of approximately $ 2 , $ 2 , $ 2 , $ 2 , $ 0 and $ 0 in 2017 , 2018 , 2019 , 2020 , 2021 and thereafter respectively . the company 2019s lease commitments consist primarily of lease agreements for office space , automobiles , and office equipment that expire at various dates . unfunded commitments as of december 31 , 2016 , the company has outstanding commitments totaling $ 1.6 billion , of which $ 1.2 billion is committed to fund limited partnership and other alternative investments , which may be called by the partnership during the commitment period to fund the purchase of new investments and partnership expenses . additionally , $ 313 of the outstanding commitments relate to various funding obligations associated with private placement securities . the remaining outstanding commitments of $ 95 relate to mortgage loans the company is expecting to fund in the first half of 2017 . guaranty funds and other insurance-related assessments in all states , insurers licensed to transact certain classes of insurance are required to become members of a guaranty fund . in most states , in the event of the insolvency of an insurer writing any such class of insurance in the state , the guaranty funds may assess its members to pay covered claims of the insolvent insurers . assessments are based on each member 2019s proportionate share of written premiums in the state for the classes of insurance in which the insolvent insurer was engaged . assessments are generally limited for any year to one or two percent of the premiums written per year depending on the state . some states permit member insurers to recover assessments paid through surcharges on policyholders or through full or partial premium tax offsets , while other states permit recovery of assessments through the rate filing process . liabilities for guaranty fund and other insurance-related assessments are accrued when an assessment is probable , when it can be reasonably estimated , and when the event obligating the company to pay an imposed or probable assessment has occurred . liabilities for guaranty funds and other insurance- related assessments are not discounted and are included as part of other liabilities in the consolidated balance sheets . as of december 31 , 2016 and 2015 the liability balance was $ 134 and $ 138 , respectively . as of december 31 , 2016 and 2015 amounts related to premium tax offsets of $ 34 and $ 44 , respectively , were included in other assets . derivative commitments certain of the company 2019s derivative agreements contain provisions that are tied to the financial strength ratings , as set by nationally recognized statistical agencies , of the individual legal entity that entered into the derivative agreement . if the legal entity 2019s financial strength were to fall below certain ratings , the counterparties to the derivative agreements could demand immediate and ongoing full collateralization and in certain instances enable the counterparties to terminate the agreements and demand immediate settlement of all outstanding derivative positions traded under each impacted bilateral agreement . the settlement amount is determined by netting the derivative positions transacted under each agreement . if the termination rights were to be exercised by the counterparties , it could impact the legal entity 2019s ability to conduct hedging activities by increasing the associated costs and decreasing the willingness of counterparties to transact with the legal entity . the aggregate fair value of all derivative instruments with credit-risk-related contingent features that are in a net liability position as of december 31 , 2016 was $ 1.4 billion . of this $ 1.4 billion , the legal entities have posted collateral of $ 1.7 billion in the normal course of business . in addition , the company has posted collateral of $ 31 associated with a customized gmwb derivative . based on derivative market values as of december 31 , 2016 , a downgrade of one level below the current financial strength ratings by either moody 2019s or s&p would not require additional assets to be posted as collateral . based on derivative market values as of december 31 , 2016 , a downgrade of two levels below the current financial strength ratings by either moody 2019s or s&p would require additional $ 10 of assets to be posted as collateral . these collateral amounts could change as derivative market values change , as a result of changes in our hedging activities or to the extent changes in contractual terms are negotiated . the nature of the collateral that we post , when required , is primarily in the form of u.s . treasury bills , u.s . treasury notes and government agency securities . guarantees in the ordinary course of selling businesses or entities to third parties , the company has agreed to indemnify purchasers for losses arising subsequent to the closing due to breaches of representations and warranties with respect to the business or entity being sold or with respect to covenants and obligations of the company and/or its subsidiaries . these obligations are typically subject to various time limitations , defined by the contract or by operation of law , such as statutes of limitation . in some cases , the maximum potential obligation is subject to contractual limitations , while in other cases such limitations are not specified or applicable . the company does not expect to make any payments on these guarantees and is not carrying any liabilities associated with these guarantees. .
Question: what is the total future expected income from subleases?
Answer: | 8.0 |
FINQA3976 | Please answer the given financial question based on the context.
Context: comparison of five-year cumulative total return the following graph compares the cumulative total return on citigroup 2019s common stock with the s&p 500 index and the s&p financial index over the five-year period extending through december 31 , 2009 . the graph assumes that $ 100 was invested on december 31 , 2004 in citigroup 2019s common stock , the s&p 500 index and the s&p financial index and that all dividends were reinvested . citigroup s&p 500 index s&p financial index 2005 2006 2007 2008 2009 comparison of five-year cumulative total return for the years ended .
|december 31|citigroup|s&p 500 index|s&p financial index|
|2005|104.38|104.83|106.30|
|2006|124.02|121.20|126.41|
|2007|70.36|127.85|103.47|
|2008|18.71|81.12|47.36|
|2009|9.26|102.15|55.27|
.
Question: what was the percent of the decline on the citigroup cumulative total return from 2007 to 2008
Answer: | -0.73408 |
FINQA3977 | Please answer the given financial question based on the context.
Context: notes to consolidated financial statements ( continued ) note 1 2014summary of significant accounting policies ( continued ) asset retirement obligations the company records obligations associated with the retirement of tangible long-lived assets and the associated asset retirement costs in accordance with sfas no . 143 , accounting for asset retirement obligations . the company reviews legal obligations associated with the retirement of long-lived assets that result from the acquisition , construction , development and/or normal use of the assets . if it is determined that a legal obligation exists , the fair value of the liability for an asset retirement obligation is recognized in the period in which it is incurred if a reasonable estimate of fair value can be made . the fair value of the liability is added to the carrying amount of the associated asset and this additional carrying amount is depreciated over the life of the asset . the difference between the gross expected future cash flow and its present value is accreted over the life of the related lease as an operating expense . all of the company 2019s existing asset retirement obligations are associated with commitments to return property subject to operating leases to original condition upon lease termination . the following table reconciles changes in the company 2019s asset retirement liabilities for fiscal 2004 and 2005 ( in millions ) : .
|asset retirement liability as of september 27 2003|$ 7.2|
|additional asset retirement obligations recognized|0.5|
|accretion recognized|0.5|
|asset retirement liability as of september 25 2004|$ 8.2|
|additional asset retirement obligations recognized|2.8|
|accretion recognized|0.7|
|asset retirement liability as of september 24 2005|$ 11.7|
cumulative effects of accounting changes in 2003 , the company recognized a net favorable cumulative effect type adjustment of approximately $ 1 million from the adoption of sfas no . 150 , accounting for certain financial instruments with characteristic of both liabilities and equity and sfas no . 143 . long-lived assets including goodwill and other acquired intangible assets the company reviews property , plant , and equipment and certain identifiable intangibles , excluding goodwill , for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable . recoverability of these assets is measured by comparison of its carrying amount to future undiscounted cash flows the assets are expected to generate . if property , plant , and equipment and certain identifiable intangibles are considered to be impaired , the impairment to be recognized equals the amount by which the carrying value of the assets exceeds its fair market value . for the three fiscal years ended september 24 , 2005 , the company had no material impairment of its long-lived assets , except for the impairment of certain assets in connection with the restructuring actions described in note 5 of these notes to consolidated financial statements . sfas no . 142 , goodwill and other intangible assets requires that goodwill and intangible assets with indefinite useful lives should not be amortized but rather be tested for impairment at least annually or sooner whenever events or changes in circumstances indicate that they may be impaired . the company performs its goodwill impairment tests on or about august 30 of each year . the company did not recognize any goodwill or intangible asset impairment charges in 2005 , 2004 , or 2003 . the company established reporting units based on its current reporting structure . for purposes of testing goodwill for .
Question: what was the change in asset retirement liability between september 2004 and 2005 , in millions?
Answer: | 3.5 |
FINQA3978 | Please answer the given financial question based on the context.
Context: state street corporation | 52 shareholder return performance presentation the graph presented below compares the cumulative total shareholder return on state street's common stock to the cumulative total return of the s&p 500 index , the s&p financial index and the kbw bank index over a five-year period . the cumulative total shareholder return assumes the investment of $ 100 in state street common stock and in each index on december 31 , 2012 . it also assumes reinvestment of common stock dividends . the s&p financial index is a publicly available , capitalization-weighted index , comprised of 67 of the standard & poor 2019s 500 companies , representing 27 diversified financial services companies , 23 insurance companies , and 17 banking companies . the kbw bank index is a modified cap-weighted index consisting of 24 exchange-listed stocks , representing national money center banks and leading regional institutions. .
||2012|2013|2014|2015|2016|2017|
|state street corporation|$ 100|$ 159|$ 172|$ 148|$ 178|$ 227|
|s&p 500 index|100|132|151|153|171|208|
|s&p financial index|100|136|156|154|189|230|
|kbw bank index|100|138|151|151|195|231|
.
Question: what is the roi of an investment is state street corporation from 2012 to 2015?
Answer: | 0.48 |
FINQA3979 | Please answer the given financial question based on the context.
Context: entergy mississippi may refinance , redeem , or otherwise retire debt and preferred stock prior to maturity , to the extent market conditions and interest and dividend rates are favorable . all debt and common and preferred stock issuances by entergy mississippi require prior regulatory approval . a0 a0preferred stock and debt issuances are also subject to issuance tests set forth in its corporate charter , bond indenture , and other agreements . a0 a0entergy mississippi has sufficient capacity under these tests to meet its foreseeable capital needs . entergy mississippi 2019s receivables from the money pool were as follows as of december 31 for each of the following years. .
|2017|2016|2015|2014|
|( in thousands )|( in thousands )|( in thousands )|( in thousands )|
|$ 1633|$ 10595|$ 25930|$ 644|
see note 4 to the financial statements for a description of the money pool . entergy mississippi has four separate credit facilities in the aggregate amount of $ 102.5 million scheduled to expire may 2018 . no borrowings were outstanding under the credit facilities as of december a031 , 2017 . a0 a0in addition , entergy mississippi is a party to an uncommitted letter of credit facility as a means to post collateral to support its obligations to miso . as of december a031 , 2017 , a $ 15.3 million letter of credit was outstanding under entergy mississippi 2019s uncommitted letter of credit facility . see note 4 to the financial statements for additional discussion of the credit facilities . entergy mississippi obtained authorizations from the ferc through october 2019 for short-term borrowings not to exceed an aggregate amount of $ 175 million at any time outstanding and long-term borrowings and security issuances . see note 4 to the financial statements for further discussion of entergy mississippi 2019s short-term borrowing limits . entergy mississippi , inc . management 2019s financial discussion and analysis state and local rate regulation and fuel-cost recovery the rates that entergy mississippi charges for electricity significantly influence its financial position , results of operations , and liquidity . entergy mississippi is regulated and the rates charged to its customers are determined in regulatory proceedings . a governmental agency , the mpsc , is primarily responsible for approval of the rates charged to customers . formula rate plan in march 2016 , entergy mississippi submitted its formula rate plan 2016 test year filing showing entergy mississippi 2019s projected earned return for the 2016 calendar year to be below the formula rate plan bandwidth . the filing showed a $ 32.6 million rate increase was necessary to reset entergy mississippi 2019s earned return on common equity to the specified point of adjustment of 9.96% ( 9.96 % ) , within the formula rate plan bandwidth . in june 2016 the mpsc approved entergy mississippi 2019s joint stipulation with the mississippi public utilities staff . the joint stipulation provided for a total revenue increase of $ 23.7 million . the revenue increase includes a $ 19.4 million increase through the formula rate plan , resulting in a return on common equity point of adjustment of 10.07% ( 10.07 % ) . the revenue increase also includes $ 4.3 million in incremental ad valorem tax expenses to be collected through an updated ad valorem tax adjustment rider . the revenue increase and ad valorem tax adjustment rider were effective with the july 2016 bills . in march 2017 , entergy mississippi submitted its formula rate plan 2017 test year filing and 2016 look-back filing showing entergy mississippi 2019s earned return for the historical 2016 calendar year and projected earned return for the 2017 calendar year to be within the formula rate plan bandwidth , resulting in no change in rates . in june 2017 , entergy mississippi and the mississippi public utilities staff entered into a stipulation that confirmed that entergy .
Question: what was the sum of the entergy mississippi 2019s receivables from the money pool from 2014 to 2017
Answer: | 38158.0 |
FINQA3980 | Please answer the given financial question based on the context.
Context: american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) customer leases 2014the company 2019s lease agreements with its customers vary depending upon the industry . television and radio broadcasters prefer long-term leases , while wireless communications providers favor leases in the range of five to ten years . most leases contain renewal options . escalation clauses present in operating leases , excluding those tied to cpi , are straight-lined over the term of the lease . future minimum rental receipts expected from customers under noncancelable operating lease agreements in effect at december 31 , 2002 are as follows ( in thousands ) : year ending december 31 .
|2003|$ 459188|
|2004|439959|
|2005|409670|
|2006|363010|
|2007|303085|
|thereafter|1102597|
|total|$ 3077509|
acquisition commitments 2014as of december 31 , 2002 , the company was party to an agreement relating to the acquisition of tower assets from a third party for an estimated aggregate purchase price of approximately $ 74.0 million . the company may pursue the acquisitions of other properties and businesses in new and existing locations , although there are no definitive material agreements with respect thereto . build-to-suit agreements 2014as of december 31 , 2002 , the company was party to various arrangements relating to the construction of tower sites under existing build-to-suit agreements . under the terms of the agreements , the company is obligated to construct up to 1000 towers over a five year period which includes 650 towers in mexico and 350 towers in brazil over the next three years . the company is in the process of renegotiating several of these agreements to reduce its overall commitment ; however , there can be no assurance that it will be successful in doing so . atc separation 2014the company was a wholly owned subsidiary of american radio systems corporation ( american radio ) until consummation of the spin-off of the company from american radio on june 4 , 1998 ( the atc separation ) . on june 4 , 1998 , the merger of american radio and a subsidiary of cbs corporation ( cbs ) was consummated . as a result of the merger , all of the outstanding shares of the company 2019s common stock owned by american radio were distributed or reserved for distribution to american radio stockholders , and the company ceased to be a subsidiary of , or to be otherwise affiliated with , american radio . furthermore , from that day forward the company began operating as an independent publicly traded company . in connection with the atc separation , the company agreed to reimburse cbs for any tax liabilities incurred by american radio as a result of the transaction . upon completion of the final american radio tax returns , the amount of these tax liabilities was determined and paid by the company . the company continues to be obligated under a tax indemnification agreement with cbs , however , until june 30 , 2003 , subject to the extension of federal and applicable state statutes of limitations . the company is currently aware that the internal revenue service ( irs ) is in the process of auditing certain tax returns filed by cbs and its predecessors , including those that relate to american radio and the atc separation transaction . in the event that the irs imposes additional tax liabilities on american radio relating to the atc separation , the company would be obligated to reimburse cbs for such liabilities . the company cannot currently anticipate or estimate the potential additional tax liabilities , if any , that may be imposed by the irs , however , such amounts could be material to the company 2019s consolidated financial position and results of operations . the company is not aware of any material obligations relating to this tax indemnity as of december 31 , 2002 . accordingly , no amounts have been provided for in the consolidated financial statements relating to this indemnification. .
Question: what portion of future minimum rental receipts is expected to be collected within the next 12 months?
Answer: | 0.14921 |
FINQA3981 | Please answer the given financial question based on the context.
Context: 32| | duke realty corporation annual report 2012 2022 in 2010 , we sold approximately 60 acres of land , in two separate transactions , which resulted in impairment charges of $ 9.8 million . these sales were opportunistic in nature and we had not identified or actively marketed this land for disposition , as it was previously intended to be held for development . general and administrative expenses general and administrative expenses increased from $ 41.3 million in 2010 to $ 43.1 million in 2011 . the following table sets forth the factors that led to the increase in general and administrative expenses from 2010 to 2011 ( in millions ) : .
|general and administrative expenses - 2010|$ 41.3|
|increase to overall pool of overhead costs ( 1 )|5.7|
|increased absorption of costs by wholly-owned development and leasing activities ( 2 )|-3.7 ( 3.7 )|
|increased allocation of costs to service operations and rental operations|-0.2 ( 0.2 )|
|general and administrative expenses - 2011|$ 43.1|
interest expense interest expense from continuing operations increased from $ 186.4 million in 2010 to $ 220.5 million in 2011 . the increase was primarily a result of increased average outstanding debt during 2011 compared to 2010 , which was driven by our acquisition activities as well as other uses of capital . a $ 7.2 million decrease in the capitalization of interest costs , the result of developed properties no longer meeting the criteria for interest capitalization , also contributed to the increase in interest expense . gain ( loss ) on debt transactions there were no gains or losses on debt transactions during 2011 . during 2010 , through a cash tender offer and open market transactions , we repurchased certain of our outstanding series of unsecured notes scheduled to mature in 2011 and 2013 . in total , we paid $ 292.2 million for unsecured notes that had a face value of $ 279.9 million . we recognized a net loss on extinguishment of $ 16.3 million after considering the write-off of unamortized deferred financing costs , discounts and other accounting adjustments . acquisition-related activity during 2011 , we recognized approximately $ 2.3 million in acquisition costs , compared to $ 1.9 million of such costs in 2010 . during 2011 , we also recognized a $ 1.1 million gain related to the acquisition of a building from one of our 50%-owned unconsolidated joint ventures , compared to a $ 57.7 million gain in 2010 on the acquisition of our joint venture partner 2019s 50% ( 50 % ) interest in dugan . critical accounting policies the preparation of our consolidated financial statements in conformity with gaap requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reported period . our estimates , judgments and assumptions are inherently subjective and based on the existing business and market conditions , and are therefore continually evaluated based upon available information and experience . note 2 to the consolidated financial statements includes further discussion of our significant accounting policies . our management has assessed the accounting policies used in the preparation of our financial statements and discussed them with our audit committee and independent auditors . the following accounting policies are considered critical based upon materiality to the financial statements , degree of judgment involved in estimating reported amounts and sensitivity to changes in industry and economic conditions : ( 1 ) the increase to our overall pool of overhead costs from 2010 is largely due to increased severance pay related to overhead reductions that took place near the end of 2011 . ( 2 ) our total leasing activity increased and we also increased wholly owned development activities from 2010 . we capitalized $ 25.3 million and $ 10.4 million of our total overhead costs to leasing and development , respectively , for consolidated properties during 2011 , compared to capitalizing $ 23.5 million and $ 8.5 million of such costs , respectively , for 2010 . combined overhead costs capitalized to leasing and development totaled 20.6% ( 20.6 % ) and 19.1% ( 19.1 % ) of our overall pool of overhead costs for 2011 and 2010 , respectively. .
Question: in 2011 what was the percent change in the general and administrative expenses
Answer: | 1.8 |
FINQA3982 | Please answer the given financial question based on the context.
Context: ilim holding s.a . shareholder 2019s agreement in october 2007 , in connection with the formation of the ilim holding s.a . joint venture , international paper entered into a shareholder 2019s agreement that includes provisions relating to the reconciliation of disputes among the partners . this agreement provides that at any time , either the company or its partners may commence procedures specified under the deadlock agreement . if these or any other deadlock procedures under the shareholder's agreement are commenced , although it is not obligated to do so , the company may in certain situations choose to purchase its partners' 50% ( 50 % ) interest in ilim . any such transaction would be subject to review and approval by russian and other relevant anti-trust authorities . based on the provisions of the agreement , the company estimates that the current purchase price for its partners' 50% ( 50 % ) interests would be approximately $ 1.5 billion , which could be satisfied by payment of cash or international paper common stock , or some combination of the two , at the company's option . the purchase by the company of its partners 2019 50% ( 50 % ) interest in ilim would result in the consolidation of ilim's financial position and results of operations in all subsequent periods . the parties have informed each other that they have no current intention to commence procedures specified under the deadlock provisions of the shareholder 2019s agreement . critical accounting policies and significant accounting estimates the preparation of financial statements in conformity with accounting principles generally accepted in the united states requires international paper to establish accounting policies and to make estimates that affect both the amounts and timing of the recording of assets , liabilities , revenues and expenses . some of these estimates require judgments about matters that are inherently uncertain . accounting policies whose application may have a significant effect on the reported results of operations and financial position of international paper , and that can require judgments by management that affect their application , include the accounting for contingencies , impairment or disposal of long-lived assets and goodwill , pensions and postretirement benefit obligations , stock options and income taxes . the company has discussed the selection of critical accounting policies and the effect of significant estimates with the audit and finance committee of the company 2019s board of directors . contingent liabilities accruals for contingent liabilities , including legal and environmental matters , are recorded when it is probable that a liability has been incurred or an asset impaired and the amount of the loss can be reasonably estimated . liabilities accrued for legal matters require judgments regarding projected outcomes and range of loss based on historical experience and recommendations of legal counsel . liabilities for environmental matters require evaluations of relevant environmental regulations and estimates of future remediation alternatives and costs . impairment of long-lived assets and goodwill an impairment of a long-lived asset exists when the asset 2019s carrying amount exceeds its fair value , and is recorded when the carrying amount is not recoverable through cash flows from future operations . a goodwill impairment exists when the carrying amount of goodwill exceeds its fair value . assessments of possible impairments of long-lived assets and goodwill are made when events or changes in circumstances indicate that the carrying value of the asset may not be recoverable through future operations . additionally , testing for possible impairment of goodwill and intangible asset balances is required annually . the amount and timing of any impairment charges based on these assessments require the estimation of future cash flows and the fair market value of the related assets based on management 2019s best estimates of certain key factors , including future selling prices and volumes , operating , raw material , energy and freight costs , and various other projected operating economic factors . as these key factors change in future periods , the company will update its impairment analyses to reflect its latest estimates and projections . under the provisions of accounting standards codification ( asc ) 350 , 201cintangibles 2013 goodwill and other , 201d the testing of goodwill for possible impairment is a two-step process . in the first step , the fair value of the company 2019s reporting units is compared with their carrying value , including goodwill . if fair value exceeds the carrying value , goodwill is not considered to be impaired . if the fair value of a reporting unit is below the carrying value , then step two is performed to measure the amount of the goodwill impairment loss for the reporting unit . this analysis requires the determination of the fair value of all of the individual assets and liabilities of the reporting unit , including any currently unrecognized intangible assets , as if the reporting unit had been purchased on the analysis date . once these fair values have been determined , the implied fair value of the unit 2019s goodwill is calculated as the excess , if any , of the fair value of the reporting unit determined in step one over the fair value of the net assets determined in step two . the carrying value of goodwill is then reduced to this implied value , or to zero if the fair value of the assets exceeds the fair value of the reporting unit , through a goodwill impairment charge . the impairment analysis requires a number of judgments by management . in calculating the estimated fair value of its reporting units in step one , a total debt-to-capital ratio of less than 60% ( 60 % ) . net worth is defined as the sum of common stock , paid-in capital and retained earnings , less treasury stock plus any cumulative goodwill impairment charges . the calculation also excludes accumulated other comprehensive income/loss and nonrecourse financial liabilities of special purpose entities . the total debt-to-capital ratio is defined as total debt divided by the sum of total debt plus net worth . the company was in compliance with all its debt covenants at december 31 , 2016 and was well below the thresholds stipulated under the covenants as defined in the credit agreements . the company will continue to rely upon debt and capital markets for the majority of any necessary long-term funding not provided by operating cash flows . funding decisions will be guided by our capital structure planning objectives . the primary goals of the company 2019s capital structure planning are to maximize financial flexibility and preserve liquidity while reducing interest expense . the majority of international paper 2019s debt is accessed through global public capital markets where we have a wide base of investors . maintaining an investment grade credit rating is an important element of international paper 2019s financing strategy . at december 31 , 2016 , the company held long-term credit ratings of bbb ( stable outlook ) and baa2 ( stable outlook ) by s&p and moody 2019s , respectively . contractual obligations for future payments under existing debt and lease commitments and purchase obligations at december 31 , 2016 , were as follows: .
|in millions|2017|2018|2019|2020|2021|thereafter|
|maturities of long-term debt ( a )|$ 239|$ 690|$ 433|$ 179|$ 612|$ 9161|
|lease obligations|119|91|69|51|38|125|
|purchase obligations ( b )|3165|635|525|495|460|2332|
|total ( c )|$ 3523|$ 1416|$ 1027|$ 725|$ 1110|$ 11618|
( a ) total debt includes scheduled principal payments only . ( b ) includes $ 2 billion relating to fiber supply agreements entered into at the time of the 2006 transformation plan forestland sales and in conjunction with the 2008 acquisition of weyerhaeuser company 2019s containerboard , packaging and recycling business . also includes $ 1.1 billion relating to fiber supply agreements assumed in conjunction with the 2016 acquisition of weyerhaeuser's pulp business . ( c ) not included in the above table due to the uncertainty as to the amount and timing of the payment are unrecognized tax benefits of approximately $ 77 million . we consider the undistributed earnings of our foreign subsidiaries as of december 31 , 2016 , to be indefinitely reinvested and , accordingly , no u.s . income taxes have been provided thereon . as of december 31 , 2016 , the amount of cash associated with indefinitely reinvested foreign earnings was approximately $ 620 million . we do not anticipate the need to repatriate funds to the united states to satisfy domestic liquidity needs arising in the ordinary course of business , including liquidity needs associated with our domestic debt service requirements . pension obligations and funding at december 31 , 2016 , the projected benefit obligation for the company 2019s u.s . defined benefit plans determined under u.s . gaap was approximately $ 3.4 billion higher than the fair value of plan assets . approximately $ 3.0 billion of this amount relates to plans that are subject to minimum funding requirements . under current irs funding rules , the calculation of minimum funding requirements differs from the calculation of the present value of plan benefits ( the projected benefit obligation ) for accounting purposes . in december 2008 , the worker , retiree and employer recovery act of 2008 ( wera ) was passed by the u.s . congress which provided for pension funding relief and technical corrections . funding contributions depend on the funding method selected by the company , and the timing of its implementation , as well as on actual demographic data and the targeted funding level . the company continually reassesses the amount and timing of any discretionary contributions and elected to make contributions totaling $ 750 million for both years ended december 31 , 2016 and 2015 . at this time , we do not expect to have any required contributions to our plans in 2017 , although the company may elect to make future voluntary contributions . the timing and amount of future contributions , which could be material , will depend on a number of factors , including the actual earnings and changes in values of plan assets and changes in interest rates . international paper announced a voluntary , limited-time opportunity for former employees who are participants in the retirement plan of international paper company ( the pension plan ) to request early payment of their entire pension plan benefit in the form of a single lump sum payment . the amount of total payments under this program was approximately $ 1.2 billion , and were made from plan trust assets on june 30 , 2016 . based on the level of payments made , settlement accounting rules applied and resulted in a plan remeasurement as of the june 30 , 2016 payment date . as a result of settlement accounting , the company recognized a pro-rata portion of the unamortized net actuarial loss , after remeasurement , resulting in a $ 439 million non-cash charge to the company's earnings in the second quarter of 2016 . additional payments of $ 8 million and $ 9 million were made during the third and fourth quarters , respectively , due to mandatory cash payouts and a small lump sum payout , and the pension plan was subsequently remeasured at september 30 , 2016 and december 31 , 2016 . as a result of settlement accounting , the company recognized non-cash settlement charges of $ 3 million in both the third and fourth quarters of 2016. .
Question: in 2017 what percentage of contractual obligations for future payments under existing debt and lease commitments and purchase obligations at december 31 , 2016 is due to maturities of long-term debt?
Answer: | 0.06784 |
FINQA3983 | 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 increased slightly during 2013 by $ 3.5 to $ 140.8 compared to 2012 , primarily due to an increase in salaries and related expenses , mainly attributable to higher base salaries , benefits and temporary help , partially offset by lower severance expenses and a decrease in office and general expenses . 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 , 2014|years ended december 31 , 2013|years ended december 31 , 2012|
|net income adjusted to reconcile net income to net cashprovided by operating activities1|$ 831.2|$ 598.4|$ 697.2|
|net cash used in working capital b2|-131.1 ( 131.1 )|-9.6 ( 9.6 )|-293.2 ( 293.2 )|
|changes in other non-current assets and liabilities using cash|-30.6 ( 30.6 )|4.1|-46.8 ( 46.8 )|
|net cash provided by operating activities|$ 669.5|$ 592.9|$ 357.2|
|net cash used in investing activities|-200.8 ( 200.8 )|-224.5 ( 224.5 )|-210.2 ( 210.2 )|
|net cash ( used in ) provided by financing activities|-343.9 ( 343.9 )|-1212.3 ( 1212.3 )|131.3|
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 ( gain ) 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 2014 was $ 669.5 , which was an improvement of $ 76.6 as compared to 2013 , primarily as a result of an increase in net income , offset by an increase in working capital usage of $ 121.5 . 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 . our net working capital usage in 2014 was impacted by our media businesses . 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 . the improvement in working capital in 2013 was impacted by our media businesses and an ongoing focus on working capital management at our agencies . 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 2014 primarily related to payments for capital expenditures and acquisitions . capital expenditures of $ 148.7 related primarily to computer hardware and software and leasehold improvements . we made payments of $ 67.8 related to acquisitions completed during 2014 , net of cash acquired. .
Question: what is the net change in cash for the 2014?
Answer: | 124.8 |
FINQA3984 | Please answer the given financial question based on the context.
Context: goodwill is assigned to one or more reporting segments on the date of acquisition . we evaluate goodwill for impairment by comparing the fair value of each of our reporting segments to its carrying value , including the associated goodwill . to determine the fair values , we use the market approach based on comparable publicly traded companies in similar lines of businesses and the income approach based on estimated discounted future cash flows . our cash flow assumptions consider historical and forecasted revenue , operating costs and other relevant factors . we amortize intangible assets with finite lives over their estimated useful lives and review them for impairment whenever an impairment indicator exists . we continually monitor events and changes in circumstances that could indicate carrying amounts of our long-lived assets , including our intangible assets may not be recoverable . when such events or changes in circumstances occur , we assess recoverability by determining whether the carrying value of such assets will be recovered through the undiscounted expected future cash flows . if the future undiscounted cash flows are less than the carrying amount of these assets , we recognize an impairment loss based on any excess of the carrying amount over the fair value of the assets . we did not recognize any intangible asset impairment charges in fiscal 2012 , 2011 or 2010 . our intangible assets are amortized over their estimated useful lives of 1 to 13 years . amortization is based on the pattern in which the economic benefits of the intangible asset will be consumed . the weighted average useful lives of our intangible assets was as follows : weighted average useful life ( years ) .
||weighted averageuseful life ( years )|
|purchased technology|5|
|customer contracts and relationships|10|
|trademarks|7|
|acquired rights to use technology|9|
|localization|1|
|other intangibles|3|
software development costs capitalization of software development costs for software to be sold , leased , or otherwise marketed begins upon the establishment of technological feasibility , which is generally the completion of a working prototype that has been certified as having no critical bugs and is a release candidate . amortization begins once the software is ready for its intended use , generally based on the pattern in which the economic benefits will be consumed . to date , software development costs incurred between completion of a working prototype and general availability of the related product have not been material . internal use software we capitalize costs associated with customized internal-use software systems that have reached the application development stage . such capitalized costs include external direct costs utilized in developing or obtaining the applications and payroll and payroll-related expenses for employees , who are directly associated with the development of the applications . capitalization of such costs begins when the preliminary project stage is complete and ceases at the point in which the project is substantially complete and is ready for its intended purpose . income taxes we use the asset and liability method of accounting for income taxes . under this method , income tax expense is recognized for the amount of taxes payable or refundable for the current year . in addition , deferred tax assets and liabilities are recognized for expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities , and for operating losses and tax credit carryforwards . we record a valuation allowance to reduce deferred tax assets to an amount for which realization is more likely than not . table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) .
Question: what is the average weighted average useful life ( years ) for purchased technology and customer contracts and relationships?
Answer: | 7.5 |
FINQA3985 | Please answer the given financial question based on the context.
Context: visa inc . notes to consolidated financial statements 2014 ( continued ) september 30 , 2008 ( in millions , except as noted ) trademark and technology licenses visa inc. , visa u.s.a. , visa international and inovant , as licensors , granted to visa europe exclusive , irrevocable and perpetual licenses to use the visa trademarks and technology intellectual property owned by the licensors and certain affiliates within the visa europe region for use in the field of financial services , payments , related information technology and information processing services and participation in the visa system . visa europe may sublicense the visa trademarks and technology intellectual property to its members and other sublicensees , such as processors , for use within visa europe 2019s region and , in certain limited circumstances , outside the visa europe region . the fee payable for these irrevocable and perpetual licenses is approximately $ 143 million per year , payable quarterly , which is referred to as the quarterly base fee , except for the year ended september 30 , 2008 during which the fee payable was $ 41 million . the reduced payment for 2008 was calculated based on applying the three-month libor rate plus 100 to 200 basis points to $ 1.146 billion and certain results of the ipo . beginning november 9 , 2010 the quarterly base fee will be increased annually based on the annual growth of the gross domestic product of the european union . the company determined through an analysis of the fee rates implied by the economics of the agreement that the quarterly base fee , as adjusted in future periods based on the growth of the gross domestic product of the european union , approximates fair value . as a result of the approximately $ 102 million reduction in payment for the year ended september 30 , 2008 , the trademark and technology license agreement represents a contract that is below fair value . calculation of liability under the framework agreement at october 1 , 2007 , the company recorded a liability of approximately $ 132 million to reflect the company 2019s estimated obligation to provide these licenses at below fair value . the application of the libor rate in determining the reduced payment represents a variable interest element embedded within the framework agreement , which the company has treated as an embedded derivative with changes in fair value reflected in visa inc . 2019s consolidated statement of operations under the guidelines of sfas 133 . during the year ended september 30 , 2008 , the company made adjustments to its liability under the framework agreement as follows : fiscal 2008 ( in millions ) .
||fiscal 2008 ( in millions )|
|balance at october 1|$ 132|
|adjustments impacting goodwill ( 1 )|9|
|libor rate adjustments ( 2 )|-35 ( 35 )|
|license fees earned ( 3 )|-102 ( 102 )|
|balance at september 30 ( 4 )|$ 4|
adjustments impacting goodwill ( 1 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 libor rate adjustments ( 2 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ( 35 ) license fees earned ( 3 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ( 102 ) balance at september 30 ( 4 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4 ( 1 ) the company made adjustments to the calculation of its liability of : ( i ) $ 2 million to reflect a minor adjustment to the calculation methodology ; ( ii ) $ 5 million to update the liability to reflect actual ipo assumptions and ( iii ) $ 2 million to reflect the change of redemption date. .
Question: what is the net change in liability for the fiscal year 2008?
Answer: | -128.0 |
FINQA3986 | Please answer the given financial question based on the context.
Context: the intangible assets identified that were determined to have value as a result of our analysis of allied 2019s projected revenue streams and their related profits include customer relationships , franchise agreements , other municipal agreements , non-compete agreements and trade names . the fair values for these intangible assets are reflected in the previous table . other intangible assets were identified that are considered to be components of either property and equipment or goodwill under u.s . gaap , including the value of the permitted and probable airspace at allied 2019s landfills ( property and equipment ) , the going concern element of allied 2019s business ( goodwill ) and its assembled workforce ( goodwill ) . the going concern element represents the ability of an established business to earn a higher rate of return on an assembled collection of net assets than would be expected if those assets had to be acquired separately . a substantial portion of this going concern element acquired is represented by allied 2019s infrastructure of market-based collection routes and its related integrated waste transfer and disposal channels , whose value has been included in goodwill . all of the goodwill and other intangible assets resulting from the acquisition of allied will not be deductible for income tax purposes . pro forma information the consolidated financial statements presented for republic include the operating results of allied from the date of the acquisition . the following pro forma information is presented assuming the merger had been completed as of january 1 , 2007 . the unaudited pro forma information presented has been prepared for illustrative purposes and is not intended to be indicative of the results of operations that would have actually occurred had the acquisition been consummated at the beginning of the periods presented or of future results of the combined operations . furthermore , the pro forma results do not give effect to all cost savings or incremental costs that occur as a result of the integration and consolidation of the acquisition ( in millions , except share and per share amounts ) . year ended december 31 , year ended december 31 , ( unaudited ) ( unaudited ) .
||year ended december 31 2008 ( unaudited )|year ended december 31 2007 ( unaudited )|
|revenue|$ 9362.2|$ 9244.9|
|net income|285.7|423.2|
|basic earnings per share|0.76|1.10|
|diluted earnings per share|0.75|1.09|
the unaudited pro forma financial information includes adjustments for amortization of identifiable intangible assets , accretion of discounts to fair value associated with debt , environmental , self-insurance and other liabilities , accretion of capping , closure and post-closure obligations and amortization of the related assets , and provision for income taxes . assets held for sale as a condition of the merger with allied , the department of justice ( doj ) required us to divest of certain assets and related liabilities . as such , we classified these assets and liabilities as assets held for sale in our consolidated balance sheet at december 31 , 2008 . certain of the legacy republic assets classified as held for sale were adjusted to their estimated fair values less costs to sell and resulted in the recognition of an asset impairment loss of $ 1.8 million and $ 6.1 million in our consolidated statements of income for the years ended december 31 , 2009 and 2008 , respectively . the assets held for sale related to operations that were allied 2019s were recorded at their estimated fair values in our consolidated balance sheet as of december 31 , 2008 in republic services , inc . and subsidiaries notes to consolidated financial statements , continued .
Question: based on the year ended december 31 2008 ( unaudited ) information what was the net profit margin
Answer: | 0.03052 |
FINQA3987 | Please answer the given financial question based on the context.
Context: troubled debt restructurings ( tdrs ) a tdr is a loan whose terms have been restructured in a manner that grants a concession to a borrower experiencing financial difficulty . tdrs result from our loss mitigation activities , and include rate reductions , principal forgiveness , postponement/reduction of scheduled amortization , and extensions , which are intended to minimize economic loss and to avoid foreclosure or repossession of collateral . additionally , tdrs also result from borrowers that have been discharged from personal liability through chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to pnc . in those situations where principal is forgiven , the amount of such principal forgiveness is immediately charged off . some tdrs may not ultimately result in the full collection of principal and interest , as restructured , and result in potential incremental losses . these potential incremental losses have been factored into our overall alll estimate . the level of any subsequent defaults will likely be affected by future economic conditions . once a loan becomes a tdr , it will continue to be reported as a tdr until it is ultimately repaid in full , the collateral is foreclosed upon , or it is fully charged off . we held specific reserves in the alll of $ .3 billion and $ .4 billion at december 31 , 2015 and december 31 , 2014 , respectively , for the total tdr portfolio . table 61 : summary of troubled debt restructurings in millions december 31 december 31 .
|in millions|december 312015|december 312014|
|total consumer lending|$ 1917|$ 2041|
|total commercial lending|434|542|
|total tdrs|$ 2351|$ 2583|
|nonperforming|$ 1119|$ 1370|
|accruing ( a )|1232|1213|
|total tdrs|$ 2351|$ 2583|
( a ) accruing loans include consumer credit card loans and loans that have demonstrated a period of at least six months of performance under the restructured terms and are excluded from nonperforming loans . loans where borrowers have been discharged from personal liability through chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to pnc and loans to borrowers not currently obligated to make both principal and interest payments under the restructured terms are not returned to accrual status . table 62 quantifies the number of loans that were classified as tdrs as well as the change in the recorded investments as a result of the tdr classification during the years 2015 , 2014 and 2013 respectively . additionally , the table provides information about the types of tdr concessions . the principal forgiveness tdr category includes principal forgiveness and accrued interest forgiveness . these types of tdrs result in a write down of the recorded investment and a charge-off if such action has not already taken place . the rate reduction tdr category includes reduced interest rate and interest deferral . the tdrs within this category result in reductions to future interest income . the other tdr category primarily includes consumer borrowers that have been discharged from personal liability through chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to pnc , as well as postponement/reduction of scheduled amortization and contractual extensions for both consumer and commercial borrowers . in some cases , there have been multiple concessions granted on one loan . this is most common within the commercial loan portfolio . when there have been multiple concessions granted in the commercial loan portfolio , the principal forgiveness concession was prioritized for purposes of determining the inclusion in table 62 . for example , if there is principal forgiveness in conjunction with lower interest rate and postponement of amortization , the type of concession will be reported as principal forgiveness . second in priority would be rate reduction . for example , if there is an interest rate reduction in conjunction with postponement of amortization , the type of concession will be reported as a rate reduction . in the event that multiple concessions are granted on a consumer loan , concessions resulting from discharge from personal liability through chapter 7 bankruptcy without formal affirmation of the loan obligations to pnc would be prioritized and included in the other type of concession in the table below . after that , consumer loan concessions would follow the previously discussed priority of concessions for the commercial loan portfolio . 136 the pnc financial services group , inc . 2013 form 10-k .
Question: at 12/31/15 , nonperforming loans were what percent of total tdrs?
Answer: | 0.47597 |
FINQA3988 | Please answer the given financial question based on the context.
Context: part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the following table presents reported quarterly high and low per share sale prices of our class a common stock on the new york stock exchange ( nyse ) for the years 2005 and 2004. .
|2005|high|low|
|quarter ended march 31|$ 19.28|$ 17.30|
|quarter ended june 30|21.16|16.28|
|quarter ended september 30|25.20|20.70|
|quarter ended december 31|28.33|22.73|
|2004|high|low|
|quarter ended march 31|$ 13.12|$ 9.89|
|quarter ended june 30|16.00|11.13|
|quarter ended september 30|15.85|13.10|
|quarter ended december 31|18.75|15.19|
on march 9 , 2006 , the closing price of our class a common stock was $ 29.83 per share as reported on the nyse . as of march 9 , 2006 , we had 419677495 outstanding shares of class a common stock and 687 registered holders . in february 2004 , all outstanding shares of our class b common stock were converted into shares of our class a common stock on a one-for-one basis pursuant to the occurrence of the 201cdodge conversion event 201d as defined in our charter . also in february 2004 , all outstanding shares of class c common stock were converted into shares of class a common stock on a one-for-one basis . in august 2005 , we amended and restated our charter to , among other things , eliminate our class b common stock and class c common stock . the information under 201csecurities authorized for issuance under equity compensation plans 201d from the definitive proxy statement is hereby incorporated by reference into item 12 of this annual report . dividends we have never paid a dividend on any class of our common stock . we anticipate that we may retain future earnings , if any , to fund the development and growth of our business . the indentures governing our 7.50% ( 7.50 % ) senior notes due 2012 ( 7.50% ( 7.50 % ) notes ) and our 7.125% ( 7.125 % ) senior notes due 2012 ( 7.125% ( 7.125 % ) notes ) may prohibit us from paying dividends to our stockholders unless we satisfy certain financial covenants . our credit facilities and the indentures governing the terms of our debt securities contain covenants that may restrict the ability of our subsidiaries from making to us any direct or indirect distribution , dividend or other payment on account of their limited liability company interests , partnership interests , capital stock or other equity interests . under our credit facilities , the borrower subsidiaries may pay cash dividends or make other distributions to us in accordance with the applicable credit facility only if no default exists or would be created thereby . the indenture governing the terms of the ati 7.25% ( 7.25 % ) senior subordinated notes due 2011 ( ati 7.25% ( 7.25 % ) notes ) prohibit ati and certain of our other subsidiaries that have guaranteed those notes ( sister guarantors ) from paying dividends and making other payments or distributions to us unless certain financial covenants are satisfied . the indentures governing the terms of our 7.50% ( 7.50 % ) notes and 7.125% ( 7.125 % ) notes also contain certain restrictive covenants , which prohibit the restricted subsidiaries under these indentures from paying dividends and making other payments or distributions to us unless certain financial covenants are satisfied . for more information about the restrictions under our credit facilities and our notes indentures , see note 7 to our consolidated financial statements included in this annual report and the section entitled 201cmanagement 2019s .
Question: in 2005 for the quarter ended june 30 what was the percent of the change in the class a common stock on the new york stock exchange from highest to lowest price
Answer: | 0.29975 |
FINQA3989 | Please answer the given financial question based on the context.
Context: we monitor the status of the capital markets and regularly evaluate the effect that changes in capital market conditions may have on our ability to execute our announced growth plans and fund our liquidity needs . we expect to continue meeting part of our financing and liquidity needs primarily through commercial paper borrowings , issuances of senior notes , and access to long-term committed credit facilities . if conditions in the lodging industry deteriorate , or if disruptions in the capital markets take place as they did in the immediate aftermath of both the 2008 worldwide financial crisis and the events of september 11 , 2001 , we may be unable to place some or all of our commercial paper on a temporary or extended basis and may have to rely more on borrowings under the credit facility , which we believe will be adequate to fund our liquidity needs , including repayment of debt obligations , but which may carry a higher cost than commercial paper . since we continue to have ample flexibility under the credit facility 2019s covenants , we expect that undrawn bank commitments under the credit facility will remain available to us even if business conditions were to deteriorate markedly . cash from operations cash from operations and non-cash items for the last three fiscal years are as follows: .
|( $ in millions )|2018|2017|2016|
|cash from operations|$ 2357|$ 2227|$ 1619|
|non-cash items ( 1 )|287|1397|514|
non-cash items ( 1 ) 287 1397 514 ( 1 ) includes depreciation , amortization , share-based compensation , deferred income taxes , and contract investment amortization . our ratio of current assets to current liabilities was 0.4 to 1.0 at year-end 2018 and 0.5 to 1.0 at year-end 2017 . we minimize working capital through cash management , strict credit-granting policies , and aggressive collection efforts . we also have significant borrowing capacity under our credit facility should we need additional working capital . investing activities cash flows acquisition of a business , net of cash acquired . cash outflows of $ 2392 million in 2016 were due to the starwood combination . see footnote 3 . dispositions and acquisitions for more information . capital expenditures and other investments . we made capital expenditures of $ 556 million in 2018 , $ 240 million in 2017 , and $ 199 million in 2016 . capital expenditures in 2018 increased by $ 316 million compared to 2017 , primarily reflecting the acquisition of the sheraton grand phoenix , improvements to our worldwide systems , and net higher spending on several owned properties . capital expenditures in 2017 increased by $ 41 million compared to 2016 , primarily due to improvements to our worldwide systems and improvements to hotels acquired in the starwood combination . we expect spending on capital expenditures and other investments will total approximately $ 500 million to $ 700 million for 2019 , including acquisitions , loan advances , equity and other investments , contract acquisition costs , and various capital expenditures ( including approximately $ 225 million for maintenance capital spending ) . over time , we have sold lodging properties , both completed and under development , subject to long-term management agreements . the ability of third-party purchasers to raise the debt and equity capital necessary to acquire such properties depends in part on the perceived risks in the lodging industry and other constraints inherent in the capital markets . we monitor the status of the capital markets and regularly evaluate the potential impact of changes in capital market conditions on our business operations . in the starwood combination , we acquired various hotels and joint venture interests in hotels , most of which we have sold or are seeking to sell , and in 2018 , we acquired the sheraton grand phoenix , which we expect to renovate and sell subject to a long-term management agreement . we also expect to continue making selective and opportunistic investments to add units to our lodging business , which may include property acquisitions , new construction , loans , guarantees , and noncontrolling equity investments . over time , we seek to minimize capital invested in our business through asset sales subject to long term operating or franchise agreements . fluctuations in the values of hotel real estate generally have little impact on our overall business results because : ( 1 ) we own less than one percent of hotels that we operate or franchise ; ( 2 ) management and franchise fees are generally based upon hotel revenues and profits rather than current hotel property values ; and ( 3 ) our management agreements generally do not terminate upon hotel sale or foreclosure . dispositions . property and asset sales generated $ 479 million cash proceeds in 2018 and $ 1418 million in 2017 . see footnote 3 . dispositions and acquisitions for more information on dispositions. .
Question: non cash items represent what percent of cash from operations in 2017?
Answer: | 0.6273 |
FINQA3990 | Please answer the given financial question based on the context.
Context: marathon oil corporation notes to consolidated financial statements ( f ) this sale-leaseback financing arrangement relates to a lease of a slab caster at united states steel 2019s fairfield works facility in alabama . we are the primary obligor under this lease . under the financial matters agreement , united states steel has assumed responsibility for all obligations under this lease . this lease is an amortizing financing with a final maturity of 2012 , subject to additional extensions . ( g ) this obligation relates to a lease of equipment at united states steel 2019s clairton works cokemaking facility in pennsylvania . we are the primary obligor under this lease . under the financial matters agreement , united states steel has assumed responsibility for all obligations under this lease . this lease is an amortizing financing with a final maturity of 2012 . ( h ) marathon oil canada corporation had an 805 million canadian dollar revolving term credit facility which was secured by substantially all of marathon oil canada corporation 2019s assets and included certain financial covenants , including leverage and interest coverage ratios . in february 2008 , the outstanding balance was repaid and the facility was terminated . ( i ) these notes are senior secured notes of marathon oil canada corporation . the notes were secured by substantially all of marathon oil canada corporation 2019s assets . in january 2008 , we provided a full and unconditional guarantee covering the payment of all principal and interest due under the senior notes . ( j ) these obligations as of december 31 , 2008 include $ 126 million related to assets under construction at that date for which capital leases or sale-leaseback financings will commence upon completion of construction . the amounts currently reported are based upon the percent of construction completed as of december 31 , 2008 and therefore do not reflect future minimum lease obligations of $ 209 million . ( k ) payments of long-term debt for the years 2009 2013 2013 are $ 99 million , $ 98 million , $ 257 million , $ 1487 million and $ 279 million . of these amounts , payments assumed by united states steel are $ 15 million , $ 17 million , $ 161 million , $ 19 million and zero . ( l ) in the event of a change in control , as defined in the related agreements , debt obligations totaling $ 669 million at december 31 , 2008 , may be declared immediately due and payable . ( m ) see note 17 for information on interest rate swaps . on february 17 , 2009 , we issued $ 700 million aggregate principal amount of senior notes bearing interest at 6.5 percent with a maturity date of february 15 , 2014 and $ 800 million aggregate principal amount of senior notes bearing interest at 7.5 percent with a maturity date of february 15 , 2019 . interest on both issues is payable semi- annually beginning august 15 , 2009 . 21 . asset retirement obligations the following summarizes the changes in asset retirement obligations : ( in millions ) 2008 2007 .
|( in millions )|2008|2007|
|asset retirement obligations as of january 1|$ 1134|$ 1044|
|liabilities incurred including acquisitions|30|60|
|liabilities settled|-94 ( 94 )|-10 ( 10 )|
|accretion expense ( included in depreciation depletion and amortization )|66|61|
|revisions to previous estimates|24|-17 ( 17 )|
|held for sale ( a )|-195 ( 195 )|2013|
|deconsolidation of egholdings|2013|-4 ( 4 )|
|asset retirement obligations as of december 31 ( b )|$ 965|$ 1134|
asset retirement obligations as of december 31 ( b ) $ 965 $ 1134 ( a ) see note 7 for information related to our assets held for sale . ( b ) includes asset retirement obligation of $ 2 and $ 3 million classified as short-term at december 31 , 2008 , and 2007. .
Question: by how much did asset retirement obligations decrease from 2007 to 2008?
Answer: | -0.14903 |
FINQA3991 | Please answer the given financial question based on the context.
Context: 2015 compared to 2014 when compared to 2014 , costs of revenue in 2015 increased $ 41 million . this increase included a constant currency increase in expenses of approximately $ 238 million , or 8.9% ( 8.9 % ) , partially offset by a positive impact of approximately $ 197 million from the effects of foreign currency fluctuations . the constant currency growth was comprised of a $ 71 million increase in commercial solutions , which included the impact from the encore acquisition which closed in july 2014 , a $ 146 million increase in research & development solutions , which included the incremental impact from the businesses that quest contributed to q2 solutions , and a $ 21 million increase in integrated engagement services . the decrease in costs of revenue as a percent of revenues for 2015 was primarily as a result of an improvement in constant currency profit margin in the commercial solutions , research & development solutions and integrated engagement services segments ( as more fully described in the segment discussion later in this section ) . for 2015 , this constant currency profit margin expansion was partially offset by the effect from a higher proportion of consolidated revenues being contributed by our lower margin integrated engagement services segment when compared to 2014 as well as a negative impact from foreign currency fluctuations . selling , general and administrative expenses , exclusive of depreciation and amortization .
|( dollars in millions )|year ended december 31 , 2016|year ended december 31 , 2015|year ended december 31 , 2014|
|selling general and administrative expenses|$ 1011|$ 815|$ 781|
|% ( % ) of revenues|18.8% ( 18.8 % )|18.8% ( 18.8 % )|18.8% ( 18.8 % )|
2016 compared to 2015 the $ 196 million increase in selling , general and administrative expenses in 2016 included a constant currency increase of $ 215 million , or 26.4% ( 26.4 % ) , partially offset by a positive impact of approximately $ 19 million from the effects of foreign currency fluctuations . the constant currency growth was comprised of a $ 151 million increase in commercial solutions , which includes $ 158 million from the merger with ims health , partially offset by a decline in the legacy service offerings , a $ 32 million increase in research & development solutions , which includes the incremental impact from the businesses that quest contributed to q2 solutions , a $ 3 million increase in integrated engagement services , and a $ 29 million increase in general corporate and unallocated expenses , which includes $ 37 million from the merger with ims health . the constant currency increase in general corporate and unallocated expenses in 2016 was primarily due to higher stock-based compensation expense . 2015 compared to 2014 the $ 34 million increase in selling , general and administrative expenses in 2015 included a constant currency increase of $ 74 million , or 9.5% ( 9.5 % ) , partially offset by a positive impact of approximately $ 42 million from the effects of foreign currency fluctuations . the constant currency growth was comprised of a $ 14 million increase in commercial solutions , which included the impact from the encore acquisition which closed in july 2014 , a $ 40 million increase in research & development solutions , which included the incremental impact from the businesses that quest contributed to q2 solutions , a $ 4 million increase in integrated engagement services , and a $ 14 million increase in general corporate and unallocated expenses . the constant currency increase in general corporate and unallocated expenses in 2015 was primarily due to higher stock-based compensation expense and costs associated with the q2 solutions transaction. .
Question: what was the percentage change in the selling , general and administrative expenses in 2015 from 2014
Answer: | 0.04353 |
FINQA3992 | Please answer the given financial question based on the context.
Context: printing papers demand for printing papers products is closely corre- lated with changes in commercial printing and advertising activity , direct mail volumes and , for uncoated cut-size products , with changes in white- collar employment levels that affect the usage of copy and laser printer paper . pulp is further affected by changes in currency rates that can enhance or disadvantage producers in different geographic regions . principal cost drivers include manufacturing efficiency , raw material and energy costs and freight costs . pr int ing papers net sales for 2012 were about flat with 2011 and increased 5% ( 5 % ) from 2010 . operat- ing profits in 2012 were 31% ( 31 % ) lower than in 2011 , but 25% ( 25 % ) higher than in 2010 . excluding facility closure costs and impairment costs , operating profits in 2012 were 30% ( 30 % ) lower than in 2011 and 25% ( 25 % ) lower than in 2010 . benefits from higher sales volumes ( $ 58 mil- lion ) were more than offset by lower sales price real- izations and an unfavorable product mix ( $ 233 million ) , higher operating costs ( $ 30 million ) , higher maintenance outage costs ( $ 17 million ) , higher input costs ( $ 32 million ) and other items ( $ 6 million ) . in addition , operating profits in 2011 included a $ 24 million gain related to the announced repurposing of our franklin , virginia mill to produce fluff pulp and an $ 11 million impairment charge related to our inverurie , scotland mill that was closed in 2009 . printing papers .
|in millions|2012|2011|2010|
|sales|$ 6230|$ 6215|$ 5940|
|operating profit|599|872|481|
north american pr int ing papers net sales were $ 2.7 billion in 2012 , $ 2.8 billion in 2011 and $ 2.8 billion in 2010 . operating profits in 2012 were $ 331 million compared with $ 423 million ( $ 399 million excluding a $ 24 million gain associated with the repurposing of our franklin , virginia mill ) in 2011 and $ 18 million ( $ 333 million excluding facility clo- sure costs ) in 2010 . sales volumes in 2012 were flat with 2011 . average sales margins were lower primarily due to lower export sales prices and higher export sales volume . input costs were higher for wood and chemicals , but were partially offset by lower purchased pulp costs . freight costs increased due to higher oil prices . manufacturing operating costs were favorable reflecting strong mill performance . planned main- tenance downtime costs were slightly higher in 2012 . no market-related downtime was taken in either 2012 or 2011 . entering the first quarter of 2013 , sales volumes are expected to increase compared with the fourth quar- ter of 2012 reflecting seasonally stronger demand . average sales price realizations are expected to be relatively flat as sales price realizations for domestic and export uncoated freesheet roll and cutsize paper should be stable . input costs should increase for energy , chemicals and wood . planned maintenance downtime costs are expected to be about $ 19 million lower with an outage scheduled at our georgetown mill versus outages at our courtland and eastover mills in the fourth quarter of 2012 . braz i l ian papers net sales for 2012 were $ 1.1 bil- lion compared with $ 1.2 billion in 2011 and $ 1.1 bil- lion in 2010 . operating profits for 2012 were $ 163 million compared with $ 169 million in 2011 and $ 159 million in 2010 . sales volumes in 2012 were higher than in 2011 as international paper improved its segment position in the brazilian market despite weaker year-over-year conditions in most markets . average sales price realizations improved for domestic uncoated freesheet paper , but the benefit was more than offset by declining prices for exported paper . margins were favorably affected by an increased proportion of sales to the higher- margin domestic market . raw material costs increased for wood and chemicals , but costs for purchased pulp decreased . operating costs and planned maintenance downtime costs were lower than in 2011 . looking ahead to 2013 , sales volumes in the first quarter are expected to be lower than in the fourth quarter of 2012 due to seasonally weaker customer demand for uncoated freesheet paper . average sales price realizations are expected to increase in the brazilian domestic market due to the realization of an announced sales price increase for uncoated free- sheet paper , but the benefit should be partially offset by pricing pressures in export markets . average sales margins are expected to be negatively impacted by a less favorable geographic mix . input costs are expected to be about flat due to lower energy costs being offset by higher costs for wood , purchased pulp , chemicals and utilities . planned maintenance outage costs should be $ 4 million lower with no outages scheduled in the first quarter . operating costs should be favorably impacted by the savings generated by the start-up of a new biomass boiler at the mogi guacu mill . european papers net sales in 2012 were $ 1.4 bil- lion compared with $ 1.4 billion in 2011 and $ 1.3 bil- lion in 2010 . operating profits in 2012 were $ 179 million compared with $ 196 million ( $ 207 million excluding asset impairment charges related to our inverurie , scotland mill which was closed in 2009 ) in 2011 and $ 197 million ( $ 199 million excluding an asset impairment charge ) in 2010 . sales volumes in 2012 compared with 2011 were higher for uncoated freesheet paper in both europe and russia , while sales volumes for pulp were lower in both regions . average sales price realizations for uncoated .
Question: what percentage of printing paper sales where north american printing papers sales in 2011?
Answer: | 0.45052 |
FINQA3993 | Please answer the given financial question based on the context.
Context: corporate/other corporate/other includes certain unallocated costs of global staff functions ( including finance , risk , human resources , legal and compliance ) , other corporate expenses and unallocated global operations and technology expenses and income taxes , as well as corporate treasury , certain north america legacy consumer loan portfolios , other legacy assets and discontinued operations ( for additional information on corporate/other , see 201ccitigroup segments 201d above ) . at december 31 , 2018 , corporate/other had $ 91 billion in assets , an increase of 17% ( 17 % ) from the prior year . in millions of dollars 2018 2017 2016 % ( % ) change 2018 vs . 2017 % ( % ) change 2017 vs . 2016 .
|in millions of dollars|2018|2017|2016|% ( % ) change2018 vs . 2017|% ( % ) change2017 vs . 2016|
|net interest revenue|$ 2254|$ 2000|$ 3045|13% ( 13 % )|( 34 ) % ( % )|
|non-interest revenue|-171 ( 171 )|1132|2188|nm|-48 ( 48 )|
|total revenues net of interest expense|$ 2083|$ 3132|$ 5233|( 33 ) % ( % )|( 40 ) % ( % )|
|total operating expenses|$ 2272|$ 3814|$ 5042|( 40 ) % ( % )|( 24 ) % ( % )|
|net credit losses|$ 21|$ 149|$ 435|( 86 ) % ( % )|( 66 ) % ( % )|
|credit reserve build ( release )|-218 ( 218 )|-317 ( 317 )|-456 ( 456 )|31|30|
|provision ( release ) for unfunded lending commitments|-3 ( 3 )|2014|-8 ( 8 )|2014|100|
|provision for benefits and claims|-2 ( 2 )|-7 ( 7 )|98|71|nm|
|provisions for credit losses and for benefits and claims|$ -202 ( 202 )|$ -175 ( 175 )|$ 69|-15 ( 15 )|nm|
|income ( loss ) from continuing operations before taxes|$ 13|$ -507 ( 507 )|$ 122|nm|nm|
|income taxes ( benefits )|-113 ( 113 )|19064|-455 ( 455 )|nm|nm|
|income ( loss ) from continuing operations|$ 126|$ -19571 ( 19571 )|$ 577|nm|nm|
|income ( loss ) from discontinued operations net of taxes|-8 ( 8 )|-111 ( 111 )|-58 ( 58 )|93|-91 ( 91 )|
|net income ( loss ) before attribution of noncontrolling interests|$ 118|$ -19682 ( 19682 )|$ 519|nm|nm|
|noncontrolling interests|11|-6 ( 6 )|-2 ( 2 )|nm|nm|
|net income ( loss )|$ 107|$ -19676 ( 19676 )|$ 521|nm|nm|
nm not meaningful 2018 vs . 2017 net income was $ 107 million in 2018 , compared to a net loss of $ 19.7 billion in the prior year , primarily driven by the $ 19.8 billion one-time , non-cash charge recorded in the tax line in 2017 due to the impact of tax reform . results in 2018 included the one-time benefit of $ 94 million in the tax line , related to tax reform . for additional information , see 201csignificant accounting policies and significant estimates 2014income taxes 201d below . excluding the one-time impact of tax reform in 2018 and 2017 , net income decreased 92% ( 92 % ) , reflecting lower revenues , partially offset by lower expenses , lower cost of credit and tax benefits related to the reorganization of certain non-u.s . subsidiaries . the tax benefits were largely offset by the release of a foreign currency translation adjustment ( cta ) from aoci to earnings ( for additional information on the cta release , see note 19 to the consolidated financial statements ) . revenues decreased 33% ( 33 % ) , driven by the continued wind-down of legacy assets . expenses decreased 40% ( 40 % ) , primarily driven by the wind-down of legacy assets , lower infrastructure costs and lower legal expenses . provisions decreased $ 27 million to a net benefit of $ 202 million , primarily due to lower net credit losses , partially offset by a lower net loan loss reserve release . net credit losses declined 86% ( 86 % ) to $ 21 million , primarily reflecting the impact of ongoing divestiture activity and the continued wind-down of the north america mortgage portfolio . the net reserve release declined by $ 96 million to $ 221 million , and reflected the continued wind-down of the legacy north america mortgage portfolio and divestitures . 2017 vs . 2016 the net loss was $ 19.7 billion , compared to net income of $ 521 million in the prior year , primarily driven by the one-time impact of tax reform . excluding the one-time impact of tax reform , net income declined 69% ( 69 % ) to $ 168 million , reflecting lower revenues , partially offset by lower expenses and lower cost of credit . revenues declined 40% ( 40 % ) , primarily reflecting the continued wind-down of legacy assets and the absence of gains related to debt buybacks in 2016 . revenues included approximately $ 750 million in gains on asset sales in the first quarter of 2017 , which more than offset a roughly $ 300 million charge related to the exit of citi 2019s u.s . mortgage servicing operations in the quarter . expenses declined 24% ( 24 % ) , reflecting the wind-down of legacy assets and lower legal expenses , partially offset by approximately $ 100 million in episodic expenses primarily related to the exit of the u.s . mortgage servicing operations . also included in expenses is an approximately $ 255 million provision for remediation costs related to a card act matter in 2017 . provisions decreased $ 244 million to a net benefit of $ 175 million , primarily due to lower net credit losses and a lower provision for benefits and claims , partially offset by a lower net loan loss reserve release . net credit losses declined 66% ( 66 % ) , primarily reflecting the impact of ongoing divestiture activity and the continued wind-down of the north america mortgage portfolio . the decline in the provision for benefits and claims was primarily due to lower insurance activity . the net reserve release declined $ 147 million , and reflected the continued wind-down of the legacy north america mortgage portfolio and divestitures. .
Question: what was the percentage change in total revenues net of interest expense between 2016 and 2018?
Answer: | -0.60195 |
FINQA3994 | Please answer the given financial question based on the context.
Context: performance graph comparison of five-year cumulative total return the following graph and table compare the cumulative total return on citi 2019s common stock , which is listed on the nyse under the ticker symbol 201cc 201d and held by 77787 common stockholders of record as of january 31 , 2017 , with the cumulative total return of the s&p 500 index and the s&p financial index over the five-year period through december 31 , 2016 . the graph and table assume that $ 100 was invested on december 31 , 2011 in citi 2019s common stock , the s&p 500 index and the s&p financial index , and that all dividends were reinvested . comparison of five-year cumulative total return for the years ended date citi s&p 500 financials .
|date|citi|s&p 500|s&p financials|
|31-dec-2011|100.0|100.0|100.0|
|31-dec-2012|150.6|116.0|128.8|
|31-dec-2013|198.5|153.6|174.7|
|31-dec-2014|206.3|174.6|201.3|
|31-dec-2015|197.8|177.0|198.2|
|31-dec-2016|229.3|198.2|243.4|
.
Question: what was the percentage cumulative total return for citi common stock for the five years ended december 31 , 2016?
Answer: | 1.293 |
FINQA3995 | Please answer the given financial question based on the context.
Context: part i item 1 . business . general development of business general : altria group , inc . is a holding company incorporated in the commonwealth of virginia in 1985 . at december 31 , 2014 , altria group , inc . 2019s wholly-owned subsidiaries included philip morris usa inc . ( 201cpm usa 201d ) , which is engaged predominantly in the manufacture and sale of cigarettes in the united states ; john middleton co . ( 201cmiddleton 201d ) , which is engaged in the manufacture and sale of machine-made large cigars and pipe tobacco , and is a wholly- owned subsidiary of pm usa ; and ust llc ( 201cust 201d ) , which through its wholly-owned subsidiaries , including u.s . smokeless tobacco company llc ( 201cusstc 201d ) and ste . michelle wine estates ltd . ( 201cste . michelle 201d ) , is engaged in the manufacture and sale of smokeless tobacco products and wine . altria group , inc . 2019s other operating companies included nu mark llc ( 201cnu mark 201d ) , a wholly-owned subsidiary that is engaged in the manufacture and sale of innovative tobacco products , and philip morris capital corporation ( 201cpmcc 201d ) , a wholly-owned subsidiary that maintains a portfolio of finance assets , substantially all of which are leveraged leases . other altria group , inc . wholly-owned subsidiaries included altria group distribution company , which provides sales , distribution and consumer engagement services to certain altria group , inc . operating subsidiaries , and altria client services inc. , which provides various support services , such as legal , regulatory , finance , human resources and external affairs , to altria group , inc . and its subsidiaries . at december 31 , 2014 , altria group , inc . also held approximately 27% ( 27 % ) of the economic and voting interest of sabmiller plc ( 201csabmiller 201d ) , which altria group , inc . accounts for under the equity method of accounting . source of funds : because altria group , inc . is a holding company , its access to the operating cash flows of its wholly- owned subsidiaries consists of cash received from the payment of dividends and distributions , and the payment of interest on intercompany loans by its subsidiaries . at december 31 , 2014 , altria group , inc . 2019s principal wholly-owned subsidiaries were not limited by long-term debt or other agreements in their ability to pay cash dividends or make other distributions with respect to their equity interests . in addition , altria group , inc . receives cash dividends on its interest in sabmiller if and when sabmiller pays such dividends . financial information about segments altria group , inc . 2019s reportable segments are smokeable products , smokeless products and wine . the financial services and the innovative tobacco products businesses are included in an all other category due to the continued reduction of the lease portfolio of pmcc and the relative financial contribution of altria group , inc . 2019s innovative tobacco products businesses to altria group , inc . 2019s consolidated results . altria group , inc . 2019s chief operating decision maker reviews operating companies income to evaluate the performance of , and allocate resources to , the segments . operating companies income for the segments is defined as operating income before amortization of intangibles and general corporate expenses . interest and other debt expense , net , and provision for income taxes are centrally managed at the corporate level and , accordingly , such items are not presented by segment since they are excluded from the measure of segment profitability reviewed by altria group , inc . 2019s chief operating decision maker . net revenues and operating companies income ( together with a reconciliation to earnings before income taxes ) attributable to each such segment for each of the last three years are set forth in note 15 . segment reporting to the consolidated financial statements in item 8 . financial statements and supplementary data of this annual report on form 10-k ( 201citem 8 201d ) . information about total assets by segment is not disclosed because such information is not reported to or used by altria group , inc . 2019s chief operating decision maker . segment goodwill and other intangible assets , net , are disclosed in note 4 . goodwill and other intangible assets , net to the consolidated financial statements in item 8 ( 201cnote 4 201d ) . the accounting policies of the segments are the same as those described in note 2 . summary of significant accounting policies to the consolidated financial statements in item 8 ( 201cnote 2 201d ) . the relative percentages of operating companies income ( loss ) attributable to each reportable segment and the all other category were as follows: .
||2014|2013|2012|
|smokeable products|87.2% ( 87.2 % )|84.5% ( 84.5 % )|83.7% ( 83.7 % )|
|smokeless products|13.4|12.2|12.5|
|wine|1.7|1.4|1.4|
|all other|-2.3 ( 2.3 )|1.9|2.4|
|total|100.0% ( 100.0 % )|100.0% ( 100.0 % )|100.0% ( 100.0 % )|
for items affecting the comparability of the relative percentages of operating companies income ( loss ) attributable to each reportable segment , see note 15 . segment reporting to the consolidated financial statements in item 8 ( 201cnote 15 201d ) . narrative description of business portions of the information called for by this item are included in item 7 . management 2019s discussion and analysis of financial condition and results of operations - operating results by business segment of this annual report on form 10-k . tobacco space altria group , inc . 2019s tobacco operating companies include pm usa , usstc and other subsidiaries of ust , middleton and nu mark . altria group distribution company provides sales , distribution and consumer engagement services to altria group , inc . 2019s tobacco operating companies . the products of altria group , inc . 2019s tobacco subsidiaries include smokeable tobacco products comprised of cigarettes manufactured and sold by pm usa and machine-made large altria_mdc_2014form10k_nolinks_crops.pdf 3 2/25/15 5:56 pm .
Question: what is the percent change in the relative percentages of operating companies income ( loss ) attributable to smokeable products from 2013 to 2014?
Answer: | 0.027 |
FINQA3996 | Please answer the given financial question based on the context.
Context: five-year performance comparison 2013 the following graph provides an indicator of cumulative total shareholder returns for the corporation as compared to the peer group index ( described above ) , the dj trans , and the s&p 500 . the graph assumes that $ 100 was invested in the common stock of union pacific corporation and each index on december 31 , 2008 and that all dividends were reinvested . the information below is historical in nature and is not necessarily indicative of future performance . purchases of equity securities 2013 during 2013 , we repurchased 14996957 shares of our common stock at an average price of $ 152.14 . the following table presents common stock repurchases during each month for the fourth quarter of 2013 : period total number of shares purchased [a] average price paid per share total number of shares purchased as part of a publicly announced plan or program [b] maximum number of shares that may yet be purchased under the plan or program [b] .
|period|total number ofsharespurchased [a]|averageprice paidper share|total number of sharespurchased as part ofapublicly announced planor program [b]|maximum number ofshares that may yetbe purchased under the planor program [b]|
|oct . 1 through oct . 31|1405535|153.18|1405535|4020650|
|nov . 1 through nov . 30|1027840|158.66|1025000|2995650|
|dec . 1 through dec . 31|2500944|163.14|2498520|497130|
|total|4934319|$ 159.37|4929055|n/a|
[a] total number of shares purchased during the quarter includes approximately 5264 shares delivered or attested to upc by employees to pay stock option exercise prices , satisfy excess tax withholding obligations for stock option exercises or vesting of retention units , and pay withholding obligations for vesting of retention shares . [b] on april 1 , 2011 , our board of directors authorized the repurchase of up to 40 million shares of our common stock by march 31 , 2014 . these repurchases may be made on the open market or through other transactions . our management has sole discretion with respect to determining the timing and amount of these transactions . on november 21 , 2013 , the board of directors approved the early renewal of the share repurchase program , authorizing the repurchase of 60 million common shares by december 31 , 2017 . the new authorization is effective january 1 , 2014 , and replaces the previous authorization , which expired on december 31 , 2013 , three months earlier than its original expiration date. .
Question: for the quarter ended december 31 , 2013 what was the percent of the total number of shares purchased in november
Answer: | 0.2083 |
FINQA3997 | Please answer the given financial question based on the context.
Context: devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) proved undeveloped reserves the following table presents the changes in devon 2019s total proved undeveloped reserves during 2012 ( in mmboe ) . .
||u.s .|canada|total|
|proved undeveloped reserves as of december 31 2011|403|379|782|
|extensions and discoveries|134|68|202|
|revisions due to prices|-47 ( 47 )|9|-38 ( 38 )|
|revisions other than price|-10 ( 10 )|-6 ( 6 )|-16 ( 16 )|
|conversion to proved developed reserves|-73 ( 73 )|-17 ( 17 )|-90 ( 90 )|
|proved undeveloped reserves as of december 31 2012|407|433|840|
at december 31 , 2012 , devon had 840 mmboe of proved undeveloped reserves . this represents a 7 percent increase as compared to 2011 and represents 28 percent of its total proved reserves . drilling and development activities increased devon 2019s proved undeveloped reserves 203 mmboe and resulted in the conversion of 90 mmboe , or 12 percent , of the 2011 proved undeveloped reserves to proved developed reserves . costs incurred related to the development and conversion of devon 2019s proved undeveloped reserves were $ 1.3 billion for 2012 . additionally , revisions other than price decreased devon 2019s proved undeveloped reserves 16 mmboe primarily due to its evaluation of certain u.s . onshore dry-gas areas , which it does not expect to develop in the next five years . the largest revisions relate to the dry-gas areas at carthage in east texas and the barnett shale in north texas . a significant amount of devon 2019s proved undeveloped reserves at the end of 2012 largely related to its jackfish operations . at december 31 , 2012 and 2011 , devon 2019s jackfish proved undeveloped reserves were 429 mmboe and 367 mmboe , respectively . development schedules for the jackfish reserves are primarily controlled by the need to keep the processing plants at their 35000 barrel daily facility capacity . processing plant capacity is controlled by factors such as total steam processing capacity , steam-oil ratios and air quality discharge permits . as a result , these reserves are classified as proved undeveloped for more than five years . currently , the development schedule for these reserves extends though the year 2031 . price revisions 2012 - reserves decreased 171 mmboe primarily due to lower gas prices . of this decrease , 100 mmboe related to the barnett shale and 25 mmboe related to the rocky mountain area . 2011 - reserves decreased 21 mmboe due to lower gas prices and higher oil prices . the higher oil prices increased devon 2019s canadian royalty burden , which reduced devon 2019s oil reserves . 2010 - reserves increased 72 mmboe due to higher gas prices , partially offset by the effect of higher oil prices . the higher oil prices increased devon 2019s canadian royalty burden , which reduced devon 2019s oil reserves . of the 72 mmboe price revisions , 43 mmboe related to the barnett shale and 22 mmboe related to the rocky mountain area . revisions other than price total revisions other than price for 2012 and 2011 primarily related to devon 2019s evaluation of certain dry gas regions noted in the proved undeveloped reserves discussion above . total revisions other than price for 2010 primarily related to devon 2019s drilling and development in the barnett shale. .
Question: what is the approximate total amount of proved reserves?
Answer: | 3000.0 |
FINQA3998 | Please answer the given financial question based on the context.
Context: entergy louisiana , llc management's financial discussion and analysis net revenue 2008 compared to 2007 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges . following is an analysis of the change in net revenue comparing 2008 to 2007 . amount ( in millions ) .
||amount ( in millions )|
|2007 net revenue|$ 991.1|
|retail electric price|-17.1 ( 17.1 )|
|purchased power capacity|-12.0 ( 12.0 )|
|net wholesale revenue|-7.4 ( 7.4 )|
|other|4.6|
|2008 net revenue|$ 959.2|
the retail electric price variance is primarily due to the cessation of the interim storm recovery through the formula rate plan upon the act 55 financing of storm costs and a credit passed on to customers as a result of the act 55 storm cost financing , partially offset by increases in the formula rate plan effective october 2007 . refer to "hurricane rita and hurricane katrina" and "state and local rate regulation" below for a discussion of the interim recovery of storm costs , the act 55 storm cost financing , and the formula rate plan filing . the purchased power capacity variance is due to the amortization of deferred capacity costs effective september 2007 as a result of the formula rate plan filing in may 2007 . purchased power capacity costs are offset in base revenues due to a base rate increase implemented to recover incremental deferred and ongoing purchased power capacity charges . see "state and local rate regulation" below for a discussion of the formula rate plan filing . the net wholesale revenue variance is primarily due to provisions recorded for potential rate refunds related to the treatment of interruptible load in pricing entergy system affiliate sales . gross operating revenue and , fuel and purchased power expenses gross operating revenues increased primarily due to an increase of $ 364.7 million in fuel cost recovery revenues due to higher fuel rates offset by decreased usage . the increase was partially offset by a decrease of $ 56.8 million in gross wholesale revenue due to a decrease in system agreement rough production cost equalization credits . fuel and purchased power expenses increased primarily due to increases in the average market prices of natural gas and purchased power , partially offset by a decrease in the recovery from customers of deferred fuel costs. .
Question: what is the percent change in net revenue between 2007 and 2008?
Answer: | -0.03219 |
FINQA3999 | Please answer the given financial question based on the context.
Context: augusta , georgia mill and $ 2 million of costs associated with the sale of the shorewood business . consumer packaging .
|in millions|2015|2014|2013|
|sales|$ 2940|$ 3403|$ 3435|
|operating profit ( loss )|-25 ( 25 )|178|161|
north american consumer packaging net sales were $ 1.9 billion in 2015 compared with $ 2.0 billion in 2014 and $ 2.0 billion in 2013 . operating profits were $ 81 million ( $ 91 million excluding the cost associated with the planned conversion of our riegelwood mill to 100% ( 100 % ) pulp production , net of proceeds from the sale of the carolina coated bristols brand , and sheet plant closure costs ) in 2015 compared with $ 92 million ( $ 100 million excluding sheet plant closure costs ) in 2014 and $ 63 million ( $ 110 million excluding paper machine shutdown costs and costs related to the sale of the shorewood business ) in 2013 . coated paperboard sales volumes in 2015 were lower than in 2014 reflecting weaker market demand . the business took about 77000 tons of market-related downtime in 2015 compared with about 41000 tons in 2014 . average sales price realizations increased modestly year over year as competitive pressures in the current year only partially offset the impact of sales price increases implemented in 2014 . input costs decreased for energy and chemicals , but wood costs increased . planned maintenance downtime costs were $ 10 million lower in 2015 . operating costs were higher , mainly due to inflation and overhead costs . foodservice sales volumes increased in 2015 compared with 2014 reflecting strong market demand . average sales margins increased due to lower resin costs and a more favorable mix . operating costs and distribution costs were both higher . looking ahead to the first quarter of 2016 , coated paperboard sales volumes are expected to be slightly lower than in the fourth quarter of 2015 due to our exit from the coated bristols market . average sales price realizations are expected to be flat , but margins should benefit from a more favorable product mix . input costs are expected to be higher for wood , chemicals and energy . planned maintenance downtime costs should be $ 4 million higher with a planned maintenance outage scheduled at our augusta mill in the first quarter . foodservice sales volumes are expected to be seasonally lower . average sales margins are expected to improve due to a more favorable mix . operating costs are expected to decrease . european consumer packaging net sales in 2015 were $ 319 million compared with $ 365 million in 2014 and $ 380 million in 2013 . operating profits in 2015 were $ 87 million compared with $ 91 million in 2014 and $ 100 million in 2013 . sales volumes in 2015 compared with 2014 increased in europe , but decreased in russia . average sales margins improved in russia due to slightly higher average sales price realizations and a more favorable mix . in europe average sales margins decreased reflecting lower average sales price realizations and an unfavorable mix . input costs were lower in europe , primarily for wood and energy , but were higher in russia , primarily for wood . looking forward to the first quarter of 2016 , compared with the fourth quarter of 2015 , sales volumes are expected to be stable . average sales price realizations are expected to be slightly higher in both russia and europe . input costs are expected to be flat , while operating costs are expected to increase . asian consumer packaging the company sold its 55% ( 55 % ) equity share in the ip-sun jv in october 2015 . net sales and operating profits presented below include results through september 30 , 2015 . net sales were $ 682 million in 2015 compared with $ 1.0 billion in 2014 and $ 1.1 billion in 2013 . operating profits in 2015 were a loss of $ 193 million ( a loss of $ 19 million excluding goodwill and other asset impairment costs ) compared with losses of $ 5 million in 2014 and $ 2 million in 2013 . sales volumes and average sales price realizations were lower in 2015 due to over-supplied market conditions and competitive pressures . average sales margins were also negatively impacted by a less favorable mix . input costs and freight costs were lower and operating costs also decreased . on october 13 , 2015 , the company finalized the sale of its 55% ( 55 % ) interest in ip asia coated paperboard ( ip- sun jv ) business , within the company's consumer packaging segment , to its chinese coated board joint venture partner , shandong sun holding group co. , ltd . for rmb 149 million ( approximately usd $ 23 million ) . during the third quarter of 2015 , a determination was made that the current book value of the asset group exceeded its estimated fair value of $ 23 million , which was the agreed upon selling price . the 2015 loss includes the net pre-tax impairment charge of $ 174 million ( $ 113 million after taxes ) . a pre-tax charge of $ 186 million was recorded during the third quarter in the company's consumer packaging segment to write down the long-lived assets of this business to their estimated fair value . in the fourth quarter of 2015 , upon the sale and corresponding deconsolidation of ip-sun jv from the company's consolidated balance sheet , final adjustments were made resulting in a reduction of the impairment of $ 12 million . the amount of pre-tax losses related to noncontrolling interest of the ip-sun jv included in the company's consolidated statement of operations for the years ended december 31 , 2015 , 2014 and 2013 were $ 19 million , $ 12 million and $ 8 million , respectively . the amount of pre-tax losses related to the ip-sun jv included in the company's .
Question: what percentage of consumer packaging sales where from north american consumer packaging in 2014?
Answer: | 0.58772 |
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