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-0.3735 | Context:management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) operating income increased during 2017 when compared to 2016 , comprised of a decrease in revenue of $ 42.1 , as discussed above , a decrease in salaries and related expenses of $ 28.0 and a decrease in office and general expenses of $ 16.9 . the decrease in salaries and related expenses was primarily due to lower discretionary bonuses and incentive expense as well as a decrease in base salaries , benefits and tax . the decrease in office and general expenses was primarily due to decreases in adjustments to contingent acquisition obligations , as compared to the prior year . operating income increased during 2016 when compared to 2015 due to an increase in revenue of $ 58.8 , as discussed above , and a decrease in office and general expenses of $ 3.7 , partially offset by an increase in salaries and related expenses of $ 38.8 . the increase in salaries and related expenses was attributable to an increase in base salaries , benefits and tax primarily due to increases in our workforce to support business growth over the last twelve months . the decrease in office and general expenses was primarily due to lower production expenses related to pass-through costs , which are also reflected in revenue , for certain projects in which we acted as principal that decreased in size or did not recur during the current year . corporate and other certain corporate and other charges are reported as a separate line item within total segment operating income and include corporate office expenses , as well as shared service center and certain other centrally managed expenses that are not fully allocated to operating divisions . salaries and related expenses include salaries , long-term incentives , annual bonuses and other miscellaneous benefits for corporate office employees . office and general expenses primarily include professional fees related to internal control compliance , financial statement audits and legal , information technology and other consulting services that are engaged and managed through the corporate office . office and general expenses also include rental expense and depreciation of leasehold improvements for properties occupied by corporate office employees . a portion of centrally managed expenses are allocated to operating divisions based on a formula that uses the planned revenues of each of the operating units . amounts allocated also include specific charges for information technology-related projects , which are allocated based on utilization . corporate and other expenses decreased during 2017 by $ 20.6 to $ 126.6 compared to 2016 , primarily due to lower annual incentive expense . corporate and other expenses increased during 2016 by $ 5.4 to $ 147.2 compared to 2015 . 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 , 2017|years ended december 31 , 2016|years ended december 31 , 2015|
|net income adjusted to reconcile to net cash provided by operating activities1|$ 887.3|$ 1023.2|$ 848.8|
|net cash used in working capital2|-29.9 ( 29.9 )|-414.9 ( 414.9 )|-99.9 ( 99.9 )|
|changes in other non-current assets and liabilities|24.4|-95.5 ( 95.5 )|-60.4 ( 60.4 )|
|net cash provided by operating activities|$ 881.8|$ 512.8|$ 688.5|
|net cash used in investing activities|-196.2 ( 196.2 )|-263.9 ( 263.9 )|-199.7 ( 199.7 )|
|net cash used in financing activities|-1004.9 ( 1004.9 )|-666.4 ( 666.4 )|-490.9 ( 490.9 )|
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 , net losses on sales of businesses and deferred income taxes . 2 reflects changes in accounts receivable , expenditures billable to clients , other current assets , accounts payable and accrued liabilities . operating activities due to the seasonality of our business , we typically use cash from working capital in the first nine months of a year , with the largest impact in the first quarter , and generate cash from working capital in the fourth quarter , driven by the seasonally strong media spending by our clients . quarterly and annual working capital results are impacted by the fluctuating annual media spending budgets of our clients as well as their changing media spending patterns throughout each year across various countries. .
Question: what is the net change in cash for 2016? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
1568.75 | 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 is the total fair value balance of unvested shares as of may 2016? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.04579 | Context:the containerboard group ( a division of tenneco packaging inc. ) notes to combined financial statements ( continued ) april 11 , 1999 14 . leases ( continued ) to the sale transaction on april 12 , 1999 . therefore , the remaining outstanding aggregate minimum rental commitments under noncancelable operating leases are as follows : ( in thousands ) .
|remainder of 1999|$ 7606|
|2000|7583|
|2001|4891|
|2002|3054|
|2003|1415|
|thereafter|1178|
|total|$ 25727|
15 . sale of assets in the second quarter of 1996 , packaging entered into an agreement to form a joint venture with caraustar industries whereby packaging sold its two recycled paperboard mills and a fiber recycling operation and brokerage business to the joint venture in return for cash and a 20% ( 20 % ) equity interest in the joint venture . proceeds from the sale were approximately $ 115 million and the group recognized a $ 50 million pretax gain ( $ 30 million after taxes ) in the second quarter of 1996 . in june , 1998 , packaging sold its remaining 20% ( 20 % ) equity interest in the joint venture to caraustar industries for cash and a note of $ 26000000 . the group recognized a $ 15 million pretax gain on this transaction . at april 11 , 1999 , the balance of the note with accrued interest is $ 27122000 . the note was paid in june , 1999 . 16 . subsequent events on august 25 , 1999 , pca and packaging agreed that the acquisition consideration should be reduced as a result of a postclosing price adjustment by an amount equal to $ 20 million plus interest through the date of payment by packaging . the group recorded $ 11.9 million of this amount as part of the impairment charge on the accompanying financial statements , representing the amount that was previously estimated by packaging . pca intends to record the remaining amount in september , 1999 . in august , 1999 , pca signed purchase and sales agreements with various buyers to sell approximately 405000 acres of timberland . pca has completed the sale of approximately 260000 of these acres and expects to complete the sale of the remaining acres by mid-november , 1999. .
Question: what percentage of outstanding aggregate minimum rental commitments under noncancelable operating leases are due after 2003? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
1.43553 | Context:performance graph this graph compares the return on lilly stock with that of the standard & poor 2019s 500 stock index and our peer group for the years 2014 through 2018 . the graph assumes that , on december 31 , 2013 , a person invested $ 100 each in lilly stock , the s&p 500 stock index , and the peer groups' common stock . the graph measures total shareholder return , which takes into account both stock price and dividends . it assumes that dividends paid by a company are reinvested in that company 2019s stock . value of $ 100 invested on last business day of 2013 comparison of five-year cumulative total return among lilly , s&p 500 stock index , peer group ( 1 ) .
||lilly|peer group|s&p 500|
|dec-13|$ 100.00|$ 100.00|$ 100.00|
|dec-14|$ 139.75|$ 114.39|$ 113.69|
|dec-15|$ 175.21|$ 116.56|$ 115.26|
|dec-16|$ 157.03|$ 112.80|$ 129.05|
|dec-17|$ 185.04|$ 128.90|$ 157.22|
|dec-18|$ 259.88|$ 136.56|$ 150.33|
( 1 ) we constructed the peer group as the industry index for this graph . it comprises the companies in the pharmaceutical and biotech industries that we used to benchmark the compensation of our executive officers for 2018 : abbvie inc. ; amgen inc. ; astrazeneca plc ; baxter international inc. ; biogen idec inc. ; bristol-myers squibb company ; celgene corporation ; gilead sciences inc. ; glaxosmithkline plc ; johnson & johnson ; medtronic plc ; merck & co. , inc. ; novartis ag. ; pfizer inc. ; roche holdings ag ; sanofi ; and shire plc. .
Question: as of december 312017 what was the ratio of the value of the lilly to the peer group | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
5700.0 | Context:backlog backlog increased in 2015 compared to 2014 primarily due to higher orders on f-35 and c-130 programs . backlog decreased slightly in 2014 compared to 2013 primarily due to lower orders on f-16 and f-22 programs . trends we expect aeronautics 2019 2016 net sales to increase in the mid-single digit percentage range as compared to 2015 due to increased volume on the f-35 and c-130 programs , partially offset by decreased volume on the f-16 program . operating profit is also expected to increase in the low single-digit percentage range , driven by increased volume on the f-35 program offset by contract mix that results in a slight decrease in operating margins between years . information systems & global solutions our is&gs business segment provides advanced technology systems and expertise , integrated information technology solutions and management services across a broad spectrum of applications for civil , defense , intelligence and other government customers . is&gs 2019 technical services business provides a comprehensive portfolio of technical and sustainment services . is&gs has a portfolio of many smaller contracts as compared to our other business segments . is&gs has been impacted by the continued downturn in certain federal agencies 2019 information technology budgets and increased re-competition on existing contracts coupled with the fragmentation of large contracts into multiple smaller contracts that are awarded primarily on the basis of price . is&gs 2019 operating results included the following ( in millions ) : .
||2015|2014|2013|
|net sales|$ 5596|$ 5654|$ 6115|
|operating profit|508|472|498|
|operating margins|9.1% ( 9.1 % )|8.3% ( 8.3 % )|8.1% ( 8.1 % )|
|backlog at year-end|$ 4800|$ 6000|$ 6300|
2015 compared to 2014 is&gs 2019 net sales decreased $ 58 million , or 1% ( 1 % ) , in 2015 as compared to 2014 . the decrease was attributable to lower net sales of approximately $ 395 million as a result of key program completions , lower customer funding levels and increased competition , coupled with the fragmentation of existing large contracts into multiple smaller contracts that are awarded primarily on the basis of price when re-competed ( including cms-citic ) . these decreases were partially offset by higher net sales of approximately $ 230 million for businesses acquired in 2014 ; and approximately $ 110 million due to the start-up of new programs and growth in recently awarded programs . is&gs 2019 operating profit increased $ 36 million , or 8% ( 8 % ) , in 2015 as compared to 2014 . the increase was attributable to improved program performance and risk retirements , offset by decreased operating profit resulting from the activities mentioned above for net sales . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 70 million higher in 2015 compared to 2014 . 2014 compared to 2013 is&gs 2019 net sales decreased $ 461 million , or 8% ( 8 % ) , in 2014 as compared to 2013 . the decrease was primarily attributable to lower net sales of about $ 475 million due to the wind-down or completion of certain programs , driven by reductions in direct warfighter support ( including jieddo ) ; and approximately $ 320 million due to decreased volume in technical services programs reflecting market pressures . the decreases were offset by higher net sales of about $ 330 million due to the start-up of new programs , growth in recently awarded programs and integration of recently acquired companies . is&gs 2019 operating profit decreased $ 26 million , or 5% ( 5 % ) , in 2014 as compared to 2013 . the decrease was primarily attributable to the activities mentioned above for sales , partially offset by severance recoveries related to the restructuring announced in november 2013 of approximately $ 20 million in 2014 . adjustments not related to volume , including net profit booking rate adjustments , were comparable in 2014 and 2013. .
Question: what was the average backlog at year-end from 2013 to 2015? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.5704 | Context:other income increased in 2011 versus 2010 due to higher gains from real estate sales , lower environmental costs associated with non-operating properties and the comparative impact of premiums paid for early redemption of long-term debt in the first quarter of 2010 . interest expense 2013 interest expense decreased in 2012 versus 2011 reflecting a lower effective interest rate in 2012 of 6.0% ( 6.0 % ) versus 6.2% ( 6.2 % ) in 2011 as the debt level did not materially change in 2012 . interest expense decreased in 2011 versus 2010 due to a lower weighted-average debt level of $ 9.2 billion versus $ 9.7 billion . the effective interest rate was 6.2% ( 6.2 % ) in both 2011 and 2010 . income taxes 2013 higher pre-tax income increased income taxes in 2012 compared to 2011 . our effective tax rate for 2012 was relatively flat at 37.6% ( 37.6 % ) compared to 37.5% ( 37.5 % ) in 2011 . income taxes were higher in 2011 compared to 2010 , primarily driven by higher pre-tax income . our effective tax rate remained relatively flat at 37.5% ( 37.5 % ) in 2011 compared to 37.3% ( 37.3 % ) in 2010 . other operating/performance and financial statistics we report key performance measures weekly to the association of american railroads ( aar ) , including carloads , average daily inventory of freight cars on our system , average train speed , and average terminal dwell time . we provide this data on our website at www.up.com/investors/reports/index.shtml . operating/performance statistics railroad performance measures reported to the aar , as well as other performance measures , are included in the table below : 2012 2011 2010 % ( % ) change 2012 v 2011 % ( % ) change 2011 v 2010 .
||2012|2011|2010|% ( % ) change 2012 v 2011|% ( % ) change 2011 v 2010|
|average train speed ( miles per hour )|26.5|25.6|26.2|4 % ( % )|( 2 ) % ( % )|
|average terminal dwell time ( hours )|26.2|26.2|25.4|- % ( % )|3 % ( % )|
|average rail car inventory ( thousands )|269.1|272.9|274.4|( 1 ) % ( % )|( 1 ) % ( % )|
|gross ton-miles ( billions )|959.3|978.2|931.4|( 2 ) % ( % )|5 % ( % )|
|revenue ton-miles ( billions )|521.1|544.4|520.4|( 4 ) % ( % )|5 % ( % )|
|operating ratio|67.8|70.7|70.6|( 2.9 ) pts|0.1 pts|
|employees ( average )|45928|44861|42884|2 % ( % )|5 % ( % )|
|customer satisfaction index|93|92|89|1 pt|3 pts|
average train speed 2013 average train speed is calculated by dividing train miles by hours operated on our main lines between terminals . average train speed , as reported to the association of american railroads ( aar ) , increased 4% ( 4 % ) in 2012 versus 2011 . efficient operations and relatively mild weather conditions during the year compared favorably to 2011 , during which severe winter weather , flooding , and extreme heat and drought affected various parts of our network . we continued operating a fluid and efficient network while handling essentially the same volume and adjusting operations to accommodate increased capital project work on our network compared to 2011 . the extreme weather challenges in addition to increased carloadings and traffic mix changes , led to a 2% ( 2 % ) decrease in average train speed in 2011 compared to 2010 . average terminal dwell time 2013 average terminal dwell time is the average time that a rail car spends at our terminals . lower average terminal dwell time improves asset utilization and service . average terminal dwell time remained flat in 2012 compared to 2011 , despite a shift in traffic mix to more manifest shipments , which require more switching at terminals . average terminal dwell time increased 3% ( 3 % ) in 2011 compared to 2010 . additional volume , weather challenges , track replacement programs , and a shift of traffic mix to more manifest shipments , which require additional terminal processing , all contributed to the increase . average rail car inventory 2013 average rail car inventory is the daily average number of rail cars on our lines , including rail cars in storage . lower average rail car inventory reduces congestion in our yards and sidings , which increases train speed , reduces average terminal dwell time , and improves rail car utilization . despite a shift in traffic mix from coal to shale-related and automotive shipments with longer .
Question: what is the 2011 total interest expense in billions based on the weighted-average debt level and effective interest rate? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
117.84 | Context:to determine stock-based compensation expense , the grant- date fair value is applied to the options granted with a reduction for estimated forfeitures . we recognize compensation expense for stock options on a straight-line basis over the pro rata vesting period . at december 31 , 2011 and 2010 , options for 12337000 and 13397000 shares of common stock were exercisable at a weighted-average price of $ 106.08 and $ 118.21 , respectively . the total intrinsic value of options exercised during 2012 , 2011 and 2010 was $ 37 million , $ 4 million and $ 5 million . cash received from option exercises under all incentive plans for 2012 , 2011 and 2010 was approximately $ 118 million , $ 41 million and $ 15 million , respectively . the actual tax benefit realized for tax deduction purposes from option exercises under all incentive plans for 2012 , 2011 and 2010 was approximately $ 41 million , $ 14 million and $ 5 million , respectively . there were no options granted in excess of market value in 2012 , 2011 or 2010 . shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 29192854 at december 31 , 2012 . total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 30537674 shares at december 31 , 2012 , which includes shares available for issuance under the incentive plans and the employee stock purchase plan ( espp ) as described below . during 2012 , we issued approximately 1.7 million shares from treasury stock in connection with stock option exercise activity . as with past exercise activity , we currently intend to utilize primarily treasury stock for any future stock option exercises . awards granted to non-employee directors in 2012 , 2011 and 2010 include 25620 , 27090 and 29040 deferred stock units , respectively , awarded under the outside directors deferred stock unit plan . a deferred stock unit is a phantom share of our common stock , which requires liability accounting treatment until such awards are paid to the participants as cash . as there are no vesting or service requirements on these awards , total compensation expense is recognized in full on awarded deferred stock units on the date of grant . incentive/performance unit share awards and restricted stock/unit awards the fair value of nonvested incentive/performance unit share awards and restricted stock/unit awards is initially determined based on prices not less than the market value of our common stock price on the date of grant . the value of certain incentive/ performance unit share awards is subsequently remeasured based on the achievement of one or more financial and other performance goals generally over a three-year period . the personnel and compensation committee of the board of directors approves the final award payout with respect to incentive/performance unit share awards . restricted stock/unit awards have various vesting periods generally ranging from 36 months to 60 months . beginning in 2012 , we incorporated several risk-related performance changes to certain incentive compensation programs . in addition to achieving certain financial performance metrics relative to our peers , the final payout amount will be subject to a negative adjustment if pnc fails to meet certain risk-related performance metrics as specified in the award agreement . however , the p&cc has the discretion to reduce any or all of this negative adjustment under certain circumstances . these awards have a three-year performance period and are payable in either stock or a combination of stock and cash . additionally , performance-based restricted share units were granted in 2012 to certain of our executives in lieu of stock options , with generally the same terms and conditions as the 2011 awards of the same . the weighted-average grant-date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2012 , 2011 and 2010 was $ 60.68 , $ 63.25 and $ 54.59 per share , respectively . we recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program . table 130 : nonvested incentive/performance unit share awards and restricted stock/unit awards 2013 rollforward shares in thousands nonvested incentive/ performance unit shares weighted- average date fair nonvested restricted stock/ shares weighted- average date fair .
|shares in thousands december 31 2011|nonvested incentive/ performance unit shares 830|weighted-averagegrantdate fairvalue $ 61.68|nonvested restricted stock/ unit shares 2512|weighted-averagegrantdate fairvalue $ 54.87|
|granted|465|60.70|1534|60.67|
|vested|-100 ( 100 )|64.21|-831 ( 831 )|45.47|
|forfeited|-76 ( 76 )|60.27|-154 ( 154 )|60.51|
|december 31 2012|1119|$ 61.14|3061|$ 60.04|
in the chart above , the unit shares and related weighted- average grant-date fair value of the incentive/performance awards exclude the effect of dividends on the underlying shares , as those dividends will be paid in cash . at december 31 , 2012 , there was $ 86 million of unrecognized deferred compensation expense related to nonvested share- based compensation arrangements granted under the incentive plans . this cost is expected to be recognized as expense over a period of no longer than five years . the total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2012 , 2011 and 2010 was approximately $ 55 million , $ 52 million and $ 39 million , respectively . the pnc financial services group , inc . 2013 form 10-k 203 .
Question: what was the total weighted-average grant-date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2011 and 2010? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
1473.4 | Context:entergy arkansas , inc . and subsidiaries management 2019s financial discussion and analysis results of operations net income 2016 compared to 2015 net income increased $ 92.9 million primarily due to higher net revenue and lower other operation and maintenance expenses , partially offset by a higher effective income tax rate and higher depreciation and amortization expenses . 2015 compared to 2014 net income decreased $ 47.1 million primarily due to higher other operation and maintenance expenses , partially offset by higher net revenue . net revenue 2016 compared to 2015 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 2016 to 2015 . amount ( in millions ) .
||amount ( in millions )|
|2015 net revenue|$ 1362.2|
|retail electric price|161.5|
|other|-3.2 ( 3.2 )|
|2016 net revenue|$ 1520.5|
the retail electric price variance is primarily due to an increase in base rates , as approved by the apsc . the new base rates were effective february 24 , 2016 and began billing with the first billing cycle of april 2016 . the increase includes an interim base rate adjustment surcharge , effective with the first billing cycle of april 2016 , to recover the incremental revenue requirement for the period february 24 , 2016 through march 31 , 2016 . a significant portion of the increase is related to the purchase of power block 2 of the union power station . see note 2 to the financial statements for further discussion of the rate case . see note 14 to the financial statements for further discussion of the union power station purchase. .
Question: what would 2016 net revenue have been if it was impacted by the same higher other operation and maintenance expenses that impacted the prior year ( in millions ) ? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
9412.0 | Context:the goldman sachs group , inc . and subsidiaries management 2019s discussion and analysis equities . includes client execution activities related to making markets in equity products and commissions and fees from executing and clearing institutional client transactions on major stock , options and futures exchanges worldwide , as well as otc transactions . equities also includes our securities services business , which provides financing , securities lending and other prime brokerage services to institutional clients , including hedge funds , mutual funds , pension funds and foundations , and generates revenues primarily in the form of interest rate spreads or fees . the table below presents the operating results of our institutional client services segment. .
|$ in millions|year ended december 2015|year ended december 2014|year ended december 2013|
|fixed income currency and commodities client execution|$ 7322|$ 8461|$ 8651|
|equities client execution1|3028|2079|2594|
|commissions and fees|3156|3153|3103|
|securities services|1645|1504|1373|
|total equities|7829|6736|7070|
|total net revenues|15151|15197|15721|
|operating expenses|13938|10880|11792|
|pre-tax earnings|$ 1213|$ 4317|$ 3929|
1 . net revenues related to the americas reinsurance business were $ 317 million for 2013 . in april 2013 , we completed the sale of a majority stake in our americas reinsurance business and no longer consolidate this business . 2015 versus 2014 . net revenues in institutional client services were $ 15.15 billion for 2015 , essentially unchanged compared with 2014 . net revenues in fixed income , currency and commodities client execution were $ 7.32 billion for 2015 , 13% ( 13 % ) lower than 2014 . excluding a gain of $ 168 million in 2014 related to the extinguishment of certain of our junior subordinated debt , net revenues in fixed income , currency and commodities client execution were 12% ( 12 % ) lower than 2014 , reflecting significantly lower net revenues in mortgages , credit products and commodities . the decreases in mortgages and credit products reflected challenging market-making conditions and generally low levels of activity during 2015 . the decline in commodities primarily reflected less favorable market-making conditions compared with 2014 , which included a strong first quarter of 2014 . these decreases were partially offset by significantly higher net revenues in interest rate products and currencies , reflecting higher volatility levels which contributed to higher client activity levels , particularly during the first quarter of 2015 . net revenues in equities were $ 7.83 billion for 2015 , 16% ( 16 % ) higher than 2014 . excluding a gain of $ 121 million ( $ 30 million and $ 91 million included in equities client execution and securities services , respectively ) in 2014 related to the extinguishment of certain of our junior subordinated debt , net revenues in equities were 18% ( 18 % ) higher than 2014 , primarily due to significantly higher net revenues in equities client execution across the major regions , reflecting significantly higher results in both derivatives and cash products , and higher net revenues in securities services , reflecting the impact of higher average customer balances and improved securities lending spreads . commissions and fees were essentially unchanged compared with 2014 . the firm elects the fair value option for certain unsecured borrowings . the fair value net gain attributable to the impact of changes in our credit spreads on these borrowings was $ 255 million ( $ 214 million and $ 41 million related to fixed income , currency and commodities client execution and equities client execution , respectively ) for 2015 , compared with a net gain of $ 144 million ( $ 108 million and $ 36 million related to fixed income , currency and commodities client execution and equities client execution , respectively ) for 2014 . during 2015 , the operating environment for institutional client services was positively impacted by diverging central bank monetary policies in the united states and the euro area in the first quarter , as increased volatility levels contributed to strong client activity levels in currencies , interest rate products and equity products , and market- making conditions improved . however , during the remainder of the year , concerns about global growth and uncertainty about the u.s . federal reserve 2019s interest rate policy , along with lower global equity prices , widening high-yield credit spreads and declining commodity prices , contributed to lower levels of client activity , particularly in mortgages and credit , and more difficult market-making conditions . if macroeconomic concerns continue over the long term and activity levels decline , net revenues in institutional client services would likely be negatively impacted . operating expenses were $ 13.94 billion for 2015 , 28% ( 28 % ) higher than 2014 , due to significantly higher net provisions for mortgage-related litigation and regulatory matters , partially offset by decreased compensation and benefits expenses . pre-tax earnings were $ 1.21 billion in 2015 , 72% ( 72 % ) lower than 2014 . 62 goldman sachs 2015 form 10-k .
Question: in millions for 2015 , 2014 and 2013 , what was total commissions and fees? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
19.75 | 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 94% ( 94 % ) and 93% ( 93 % ) as of december 31 , 2017 and 2016 , 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|
|2017|$ -20.2 ( 20.2 )|$ 20.6|
|2016|-26.3 ( 26.3 )|26.9|
we have used interest rate swaps for risk management purposes to manage our exposure to changes in interest rates . we did not have any interest rate swaps outstanding as of december 31 , 2017 . we had $ 791.0 of cash , cash equivalents and marketable securities as of december 31 , 2017 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 2017 and 2016 , we had interest income of $ 19.4 and $ 20.1 , respectively . based on our 2017 results , a 100 basis-point increase or decrease in interest rates would affect our interest income by approximately $ 7.9 , assuming that all cash , cash equivalents and marketable securities are impacted in the same manner and balances remain constant from year-end 2017 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 foreign currencies that most impacted our results during 2017 included the british pound sterling and , to a lesser extent , brazilian real and south african rand . based on 2017 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 2017 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 regularly review our foreign exchange exposures that may have a material impact on our business and from time to time use foreign currency forward exchange contracts or other derivative financial instruments to hedge the effects of potential adverse fluctuations in foreign currency exchange rates arising from these exposures . we do not enter into foreign exchange contracts or other derivatives for speculative purposes. .
Question: what was the average interest income from 2016 and 2017 , in millions? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-0.01197 | Context:liquidity the primary source of our liquidity is cash flow from operations . over the most recent two-year period , our operations have generated $ 5.6 billion in cash . a substantial portion of this operating cash flow has been returned to shareholders through share repurchases and dividends . we also use cash from operations to fund our capital expenditures and acquisitions . we typically use a combination of cash , notes payable , and long-term debt , and occasionally issue shares of stock , to finance significant acquisitions . as of may 26 , 2019 , we had $ 399 million of cash and cash equivalents held in foreign jurisdictions . as a result of the tcja , the historic undistributed earnings of our foreign subsidiaries were taxed in the u.s . via the one-time repatriation tax in fiscal 2018 . we have re-evaluated our assertion and have concluded that although earnings prior to fiscal 2018 will remain permanently reinvested , we will no longer make a permanent reinvestment assertion beginning with our fiscal 2018 earnings . as part of the accounting for the tcja , we recorded local country withholding taxes related to certain entities from which we began repatriating undistributed earnings and will continue to record local country withholding taxes on all future earnings . as a result of the transition tax , we may repatriate our cash and cash equivalents held by our foreign subsidiaries without such funds being subject to further u.s . income tax liability ( please see note 14 to the consolidated financial statements in item 8 of this report for additional information ) . cash flows from operations .
|in millions|fiscal year 2019|fiscal year 2018|
|net earnings including earnings attributable to redeemable and noncontrollinginterests|$ 1786.2|$ 2163.0|
|depreciation and amortization|620.1|618.8|
|after-taxearnings from joint ventures|-72.0 ( 72.0 )|-84.7 ( 84.7 )|
|distributions of earnings from joint ventures|86.7|113.2|
|stock-based compensation|84.9|77.0|
|deferred income taxes|93.5|-504.3 ( 504.3 )|
|pension and other postretirement benefit plan contributions|-28.8 ( 28.8 )|-31.8 ( 31.8 )|
|pension and other postretirement benefit plan costs|6.1|4.6|
|divestitures loss|30.0|-|
|restructuring impairment and other exit costs|235.7|126.0|
|changes in current assets and liabilities excluding the effects of acquisitions anddivestitures|-7.5 ( 7.5 )|542.1|
|other net|-27.9 ( 27.9 )|-182.9 ( 182.9 )|
|net cash provided by operating activities|$ 2807.0|$ 2841.0|
during fiscal 2019 , cash provided by operations was $ 2807 million compared to $ 2841 million in the same period last year . the $ 34 million decrease was primarily driven by a $ 377 million decrease in net earnings and a $ 550 million change in current assets and liabilities , partially offset by a $ 598 million change in deferred income taxes . the $ 550 million change in current assets and liabilities was primarily driven by a $ 413 million change in the timing of accounts payable , including the impact of longer payment terms implemented in prior fiscal years . the change in deferred income taxes was primarily related to the $ 638 million provisional benefit from revaluing our net u.s . deferred tax liabilities to reflect the new u.s . corporate tax rate as a result of the tcja in fiscal we strive to grow core working capital at or below the rate of growth in our net sales . for fiscal 2019 , core working capital decreased 34 percent , compared to a net sales increase of 7 percent . as of may 26 , 2019 , our core working capital balance totaled $ 385 million , down 34 percent versus last year , this is primarily driven by continued benefits from our payment terms extension program and lower inventory balances . in fiscal 2018 , core working capital decreased 27 percent , compared to a net sales increase of 1 percent. .
Question: during fiscal 2019 , what was the percent of the change in the cash provided by operations | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.72964 | Context:strategy to provide omni-channel solutions that combine gateway services , payment service provisioning and merchant acquiring across europe . this transaction was accounted for as a business combination . we recorded the assets acquired , liabilities assumed and noncontrolling interest at their estimated fair values as of the acquisition date . in connection with the acquisition of realex , we paid a transaction-related tax of $ 1.2 million . other acquisition costs were not material . the revenue and earnings of realex for the year ended may 31 , 2015 were not material nor were the historical revenue and earnings of realex material for the purpose of presenting pro forma information for the current or prior-year periods . the estimated acquisition date fair values of the assets acquired , liabilities assumed and the noncontrolling interest , including a reconciliation to the total purchase consideration , are as follows ( in thousands ) : .
|cash|$ 4082|
|customer-related intangible assets|16079|
|acquired technology|39820|
|trade name|3453|
|other intangible assets|399|
|other assets|6213|
|liabilities|-3479 ( 3479 )|
|deferred income tax liabilities|-7216 ( 7216 )|
|total identifiable net assets|59351|
|goodwill|66809|
|noncontrolling interest|-7280 ( 7280 )|
|total purchase consideration|$ 118880|
goodwill of $ 66.8 million arising from the acquisition , included in the europe segment , was attributable to expected growth opportunities in europe , potential synergies from combining our existing business with gateway services and payment service provisioning in certain markets and an assembled workforce to support the newly acquired technology . goodwill associated with this acquisition is not deductible for income tax purposes . the customer-related intangible assets have an estimated amortization period of 16 years . the acquired technology has an estimated amortization period of 10 years . the trade name has an estimated amortization period of 7 years . on october 5 , 2015 , we paid 20ac6.7 million ( $ 7.5 million equivalent as of october 5 , 2015 ) to acquire the remaining shares of realex after which we own 100% ( 100 % ) of the outstanding shares . ezidebit on october 10 , 2014 , we completed the acquisition of 100% ( 100 % ) of the outstanding stock of ezi holdings pty ltd ( 201cezidebit 201d ) for aud302.6 million in cash ( $ 266.0 million equivalent as of the acquisition date ) . this acquisition was funded by a combination of cash on hand and borrowings on our revolving credit facility . ezidebit is a leading integrated payments company focused on recurring payments verticals in australia and new zealand . ezidebit markets its services through a network of integrated software vendors and direct channels to numerous vertical markets . we acquired ezidebit to establish a direct distribution channel in australia and new zealand and to further enhance our existing integrated solutions offerings . this transaction was accounted for as a business combination . we recorded the assets acquired and liabilities assumed at their estimated fair values as of the acquisition date . certain adjustments to estimated fair value were recorded during the year ended may 31 , 2016 based on new information obtained that existed as of the acquisition date . during the measurement period , management determined that deferred income taxes should be reflected for certain nondeductible intangible assets . measurement-period adjustments , which are reflected in the table below , had no material effect on earnings or other comprehensive income for the current or prior periods . the revenue and earnings of ezidebit global payments inc . | 2016 form 10-k annual report 2013 69 .
Question: what percentage of the total purchase consideration is comprised of intangible assets? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-0.11091 | Context:development of prior year incurred losses was $ 135.6 million unfavorable in 2006 , $ 26.4 million favorable in 2005 and $ 249.4 million unfavorable in 2004 . such losses were the result of the reserve development noted above , as well as inher- ent uncertainty in establishing loss and lae reserves . reserves for asbestos and environmental losses and loss adjustment expenses as of year end 2006 , 7.4% ( 7.4 % ) of reserves reflect an estimate for the company 2019s ultimate liability for a&e claims for which ulti- mate value cannot be estimated using traditional reserving techniques . the company 2019s a&e liabilities stem from mt . mckinley 2019s direct insurance business and everest re 2019s assumed reinsurance business . there are significant uncertainties in estimating the amount of the company 2019s potential losses from a&e claims . see item 7 , 201cmanagement 2019s discussion and analysis of financial condition and results of operations 2014asbestos and environmental exposures 201d and note 3 of notes to consolidated financial statements . mt . mckinley 2019s book of direct a&e exposed insurance is relatively small and homogenous . it also arises from a limited period , effective 1978 to 1984 . the book is based principally on excess liability policies , thereby limiting exposure analysis to a lim- ited number of policies and forms . as a result of this focused structure , the company believes that it is able to comprehen- sively analyze its exposures , allowing it to identify , analyze and actively monitor those claims which have unusual exposure , including policies in which it may be exposed to pay expenses in addition to policy limits or non-products asbestos claims . the company endeavors to be actively engaged with every insured account posing significant potential asbestos exposure to mt . mckinley . such engagement can take the form of pursuing a final settlement , negotiation , litigation , or the monitoring of claim activity under settlement in place ( 201csip 201d ) agreements . sip agreements generally condition an insurer 2019s payment upon the actual claim experience of the insured and may have annual payment caps or other measures to control the insurer 2019s payments . the company 2019s mt . mckinley operation is currently managing eight sip agreements , three of which were executed prior to the acquisition of mt . mckinley in 2000 . the company 2019s preference with respect to coverage settlements is to exe- cute settlements that call for a fixed schedule of payments , because such settlements eliminate future uncertainty . the company has significantly enhanced its classification of insureds by exposure characteristics over time , as well as its analysis by insured for those it considers to be more exposed or active . those insureds identified as relatively less exposed or active are subject to less rigorous , but still active management , with an emphasis on monitoring those characteristics , which may indicate an increasing exposure or levels of activity . the company continually focuses on further enhancement of the detailed estimation processes used to evaluate potential exposure of policyholders , including those that may not have reported significant a&e losses . everest re 2019s book of assumed reinsurance is relatively concentrated within a modest number of a&e exposed relationships . it also arises from a limited period , effectively 1977 to 1984 . because the book of business is relatively concentrated and the company has been managing the a&e exposures for many years , its claim staff is familiar with the ceding companies that have generated most of these liabilities in the past and which are therefore most likely to generate future liabilities . the company 2019s claim staff has developed familiarity both with the nature of the business written by its ceding companies and the claims handling and reserving practices of those companies . this level of familiarity enhances the quality of the company 2019s analysis of its exposure through those companies . as a result , the company believes that it can identify those claims on which it has unusual exposure , such as non-products asbestos claims , for concentrated attention . however , in setting reserves for its reinsurance liabilities , the company relies on claims data supplied , both formally and informally by its ceding companies and brokers . this furnished information is not always timely or accurate and can impact the accuracy and timeli- ness of the company 2019s ultimate loss projections . the following table summarizes the composition of the company 2019s total reserves for a&e losses , gross and net of reinsurance , for the years ended december 31: .
|( dollars in millions )|2006|2005|2004|
|case reserves reported by ceding companies|$ 135.6|$ 125.2|$ 148.5|
|additional case reserves established by the company ( assumed reinsurance ) ( 1 )|152.1|157.6|151.3|
|case reserves established by the company ( direct insurance )|213.7|243.5|272.1|
|incurred but not reported reserves|148.7|123.3|156.4|
|gross reserves|650.1|649.6|728.3|
|reinsurance receivable|-138.7 ( 138.7 )|-199.1 ( 199.1 )|-221.6 ( 221.6 )|
|net reserves|$ 511.4|$ 450.5|$ 506.7|
( 1 ) additional reserves are case specific reserves determined by the company to be needed over and above those reported by the ceding company . 81790fin_a 4/13/07 11:08 am page 15 .
Question: what is the growth rate in net reserves in 2005? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
560.0 | Context:discounted cash flow model ( dcf ) to estimate the current fair value of its reporting units when testing for impairment , as management believes forecasted cash flows are the best indicator of such fair value . a number of significant assumptions and estimates are involved in the application of the dcf model to forecast operating cash flows , including sales growth ( volumes and pricing ) , production costs , capital spending , and discount rate . most of these assumptions vary significantly among the reporting units . cash flow forecasts are generally based on approved business unit operating plans for the early years and historical relationships in later years . the wacc rate for the individual reporting units is estimated with the assistance of valuation experts . arconic would recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit 2019s fair value without exceeding the total amount of goodwill allocated to that reporting unit . in connection with the interim impairment evaluation of long-lived assets for the disks operations ( an asset group within the aen business unit ) in the second quarter of 2018 , which resulted from a decline in forecasted financial performance for the business in connection with its updated three-year strategic plan , the company also performed an interim impairment evaluation of goodwill for the aen reporting unit . the estimated fair value of the reporting unit was substantially in excess of the carrying value ; thus , there was no impairment of goodwill . goodwill impairment tests in 2017 and 2016 indicated that goodwill was not impaired for any of the company 2019s reporting units , except for the arconic forgings and extrusions ( afe ) business whose estimated fair value was lower than its carrying value . as such , arconic recorded an impairment for the full amount of goodwill in the afe reporting unit of $ 719 . the decrease in the afe fair value was primarily due to unfavorable performance that was impacting operating margins and a higher discount rate due to an increase in the risk-free rate of return , while the carrying value increased compared to prior year . other intangible assets . intangible assets with indefinite useful lives are not amortized while intangible assets with finite useful lives are amortized generally on a straight-line basis over the periods benefited . the following table details the weighted- average useful lives of software and other intangible assets by reporting segment ( numbers in years ) : .
||software|other intangible assets|
|engineered products and solutions|5|33|
|global rolled products|5|9|
|transportation and construction solutions|5|16|
revenue recognition . the company's contracts with customers are comprised of acknowledged purchase orders incorporating the company 2019s standard terms and conditions , or for larger customers , may also generally include terms under negotiated multi-year agreements . these contracts with customers typically consist of the manufacture of products which represent single performance obligations that are satisfied upon transfer of control of the product to the customer . the company produces fastening systems ; seamless rolled rings ; investment castings , including airfoils and forged jet engine components ; extruded , machined and formed aircraft parts ; aluminum sheet and plate ; integrated aluminum structural systems ; architectural extrusions ; and forged aluminum commercial vehicle wheels . transfer of control is assessed based on alternative use of the products we produce and our enforceable right to payment for performance to date under the contract terms . transfer of control and revenue recognition generally occur upon shipment or delivery of the product , which is when title , ownership and risk of loss pass to the customer and is based on the applicable shipping terms . the shipping terms vary across all businesses and depend on the product , the country of origin , and the type of transportation ( truck , train , or vessel ) . an invoice for payment is issued at time of shipment . the company 2019s objective is to have net 30-day terms . our business units set commercial terms on which arconic sells products to its customers . these terms are influenced by industry custom , market conditions , product line ( specialty versus commodity products ) , and other considerations . in certain circumstances , arconic receives advanced payments from its customers for product to be delivered in future periods . these advanced payments are recorded as deferred revenue until the product is delivered and title and risk of loss have passed to the customer in accordance with the terms of the contract . deferred revenue is included in other current liabilities and other noncurrent liabilities and deferred credits on the accompanying consolidated balance sheet . environmental matters . expenditures for current operations are expensed or capitalized , as appropriate . expenditures relating to existing conditions caused by past operations , which will not contribute to future revenues , are expensed . liabilities are recorded when remediation costs are probable and can be reasonably estimated . the liability may include costs such as site investigations , consultant fees , feasibility studies , outside contractors , and monitoring expenses . estimates are generally not discounted or reduced by potential claims for recovery . claims for recovery are recognized when probable and as agreements are reached with third parties . the estimates also include costs related to other potentially responsible parties to the extent that arconic has reason to believe such parties will not fully pay their proportionate share . the liability is continuously reviewed and adjusted to reflect current remediation progress , prospective estimates of required activity , and other factors that may be relevant , including changes in technology or regulations . litigation matters . for asserted claims and assessments , liabilities are recorded when an unfavorable outcome of a matter is .
Question: how long is the weighted- average useful lives of other assets , as a percent of software in the engineered products and solutions segment? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.76869 | Context:management 2019s discussion and analysis j.p . morgan chase & co . 22 j.p . morgan chase & co . / 2003 annual report overview j.p . morgan chase & co . is a leading global finan- cial services firm with assets of $ 771 billion and operations in more than 50 countries . the firm serves more than 30 million consumers nationwide through its retail businesses , and many of the world's most prominent corporate , institutional and government clients through its global whole- sale businesses . total noninterest expense was $ 21.7 billion , down 5% ( 5 % ) from the prior year . in 2002 , the firm recorded $ 1.3 billion of charges , princi- pally for enron-related surety litigation and the establishment of lit- igation reserves ; and $ 1.2 billion for merger and restructuring costs related to programs announced prior to january 1 , 2002 . excluding these costs , expenses rose by 7% ( 7 % ) in 2003 , reflecting higher per- formance-related incentives ; increased costs related to stock-based compensation and pension and other postretirement expenses ; and higher occupancy expenses . the firm began expensing stock options in 2003 . restructuring costs associated with initiatives announced after january 1 , 2002 , were recorded in their relevant expense categories and totaled $ 630 million in 2003 , down 29% ( 29 % ) from 2002 . the 2003 provision for credit losses of $ 1.5 billion was down $ 2.8 billion , or 64% ( 64 % ) , from 2002 . the provision was lower than total net charge-offs of $ 2.3 billion , reflecting significant improvement in the quality of the commercial loan portfolio . commercial nonperforming assets and criticized exposure levels declined 42% ( 42 % ) and 47% ( 47 % ) , respectively , from december 31 , 2002 . consumer credit quality remained stable . earnings per diluted share ( 201ceps 201d ) for the year were $ 3.24 , an increase of 305% ( 305 % ) over the eps of $ 0.80 reported in 2002 . results in 2002 were provided on both a reported basis and an operating basis , which excluded merger and restructuring costs and special items . operating eps in 2002 was $ 1.66 . see page 28 of this annual report for a reconciliation between reported and operating eps . summary of segment results the firm 2019s wholesale businesses are known globally as 201cjpmorgan , 201d and its national consumer and middle market busi- nesses are known as 201cchase . 201d the wholesale businesses com- prise four segments : the investment bank ( 201cib 201d ) , treasury & securities services ( 201ctss 201d ) , investment management & private banking ( 201cimpb 201d ) and jpmorgan partners ( 201cjpmp 201d ) . ib provides a full range of investment banking and commercial banking products and services , including advising on corporate strategy and structure , capital raising , risk management , and market-making in cash securities and derivative instruments in all major capital markets . the three businesses within tss provide debt servicing , securities custody and related functions , and treasury and cash management services to corporations , financial institutions and governments . the impb business provides invest- ment management services to institutional investors , high net worth individuals and retail customers and also provides person- alized advice and solutions to wealthy individuals and families . jpmp , the firm 2019s private equity business , provides equity and mez- zanine capital financing to private companies . the firm 2019s national consumer and middle market businesses , which provide lending and full-service banking to consumers and small and middle mar- ket businesses , comprise chase financial services ( 201ccfs 201d ) . financial performance of jpmorgan chase as of or for the year ended december 31 .
|( in millions except per share and ratio data )|2003|2002|change|
|revenue|$ 33256|$ 29614|12% ( 12 % )|
|noninterest expense|21688|22764|-5 ( 5 )|
|provision for credit losses|1540|4331|-64 ( 64 )|
|net income|6719|1663|304|
|net income per share 2013 diluted|3.24|0.80|305|
|average common equity|42988|41368|4|
|return on average common equity ( 201croce 201d )|16% ( 16 % )|4% ( 4 % )|1200bp|
|tier 1 capital ratio|8.5% ( 8.5 % )|8.2% ( 8.2 % )|30bp|
|total capital ratio|11.8|12.0|-20 ( 20 )|
|tier 1 leverage ratio|5.6|5.1|50|
in 2003 , global growth strengthened relative to the prior two years . the u.s . economy improved significantly , supported by diminishing geopolitical uncertainties , new tax relief , strong profit growth , low interest rates and a rising stock market . productivity at u.s . businesses continued to grow at an extraor- dinary pace , as a result of ongoing investment in information technologies . profit margins rose to levels not seen in a long time . new hiring remained tepid , but signs of an improving job market emerged late in the year . inflation fell to the lowest level in more than 40 years , and the board of governors of the federal reserve system ( the 201cfederal reserve board 201d ) declared that its long-run goal of price stability had been achieved . against this backdrop , j.p . morgan chase & co . ( 201cjpmorgan chase 201d or the 201cfirm 201d ) reported 2003 net income of $ 6.7 bil- lion , compared with net income of $ 1.7 billion in 2002 . all five of the firm 2019s lines of business benefited from the improved eco- nomic conditions , with each reporting increased revenue over 2002 . in particular , the low 2013interest rate environment drove robust fixed income markets and an unprecedented mortgage refinancing boom , resulting in record earnings in the investment bank and chase financial services . total revenue for 2003 was $ 33.3 billion , up 12% ( 12 % ) from 2002 . the investment bank 2019s revenue increased by approximately $ 1.9 billion from 2002 , and chase financial services 2019 revenue was $ 14.6 billion in 2003 , another record year. .
Question: what was non-interest expense as a percentage of revenue in 2002? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.95926 | Context:the company entered into agreements with various governmental entities in the states of kentucky , georgia and tennessee to implement tax abatement plans related to its distribution center in franklin , kentucky ( simpson county ) , its distribution center in macon , georgia ( bibb county ) , and its store support center in brentwood , tennessee ( williamson county ) . the tax abatement plans provide for reduction of real property taxes for specified time frames by legally transferring title to its real property in exchange for industrial revenue bonds . this property was then leased back to the company . no cash was exchanged . the lease payments are equal to the amount of the payments on the bonds . the tax abatement period extends through the term of the lease , which coincides with the maturity date of the bonds . at any time , the company has the option to purchase the real property by paying off the bonds , plus $ 1 . the terms and amounts authorized and drawn under each industrial revenue bond agreement are outlined as follows , as of december 30 , 2017 : bond term bond authorized amount ( in millions ) amount drawn ( in millions ) .
||bond term|bond authorized amount ( in millions )|amount drawn ( in millions )|
|franklin kentucky distribution center|30 years|$ 54.0|$ 51.8|
|macon georgia distribution center|15 years|$ 58.0|$ 49.9|
|brentwood tennessee store support center|10 years|$ 78.0|$ 75.3|
due to the form of these transactions , the company has not recorded the bonds or the lease obligation associated with the sale lease-back transaction . the original cost of the company 2019s property and equipment is recorded on the balance sheet and is being depreciated over its estimated useful life . capitalized software costs the company capitalizes certain costs related to the acquisition and development of software and amortizes these costs using the straight-line method over the estimated useful life of the software , which is three to five years . computer software consists of software developed for internal use and third-party software purchased for internal use . a subsequent addition , modification or upgrade to internal-use software is capitalized to the extent that it enhances the software 2019s functionality or extends its useful life . these costs are included in computer software and hardware in the accompanying consolidated balance sheets . certain software costs not meeting the criteria for capitalization are expensed as incurred . store closing costs the company regularly evaluates the performance of its stores and periodically closes those that are under-performing . the company records a liability for costs associated with an exit or disposal activity when the liability is incurred , usually in the period the store closes . store closing costs were not significant to the results of operations for any of the fiscal years presented . leases assets under capital leases are amortized in accordance with the company 2019s normal depreciation policy for owned assets or over the lease term , if shorter , and the related charge to operations is included in depreciation expense in the consolidated statements of income . certain operating leases include rent increases during the lease term . for these leases , the company recognizes the related rental expense on a straight-line basis over the term of the lease ( which includes the pre-opening period of construction , renovation , fixturing and merchandise placement ) and records the difference between the expense charged to operations and amounts paid as a deferred rent liability . the company occasionally receives reimbursements from landlords to be used towards improving the related store to be leased . leasehold improvements are recorded at their gross costs , including items reimbursed by landlords . related reimbursements are deferred and amortized on a straight-line basis as a reduction of rent expense over the applicable lease term . note 2 - share-based compensation : share-based compensation includes stock option and restricted stock unit awards and certain transactions under the company 2019s espp . share-based compensation expense is recognized based on the grant date fair value of all stock option and restricted stock unit awards plus a discount on shares purchased by employees as a part of the espp . the discount under the espp represents the difference between the purchase date market value and the employee 2019s purchase price. .
Question: as of december 312017 what was the percent of the amount drawn to the amount authorized for the franklin kentucky distribution center | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.02207 | 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 , 2015|years ended december 31 , 2014|years ended december 31 , 2013|
|interest expense incurred|$ -|$ -|$ 8181|
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 , 2015 , the total amount on deposit in trust accounts was $ 454384 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 . on december 1 , 2015 the company entered into two collateralized reinsurance agreements with kilimanjaro re to provide the company with catastrophe reinsurance coverage . these agreements are multi-year reinsurance contracts which cover named storm and earthquake events . the first agreement provides up to $ 300000 thousand of reinsurance coverage from named storms and earthquakes in the united states , puerto rico and canada . the second agreement provides up to $ 325000 thousand of reinsurance coverage from named storms and earthquakes in the united states , puerto rico and canada . 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 notes ( 201cseries 2014-1 notes 201d ) . on november 18 , 2014 , kilimanjaro issued $ 500000 thousand of notes ( 201cseries 2014-2 notes 201d ) . on december 1 , 2015 , kilimanjaro issued $ 625000 thousand of notes ( 201cseries 2015-1 notes ) . the proceeds from the issuance of the series 2014-1 notes , the series 2014-2 notes and the series 2015-1 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 was the percent of the pre-tax expense incurred as part of the early redemption to the redemption amount | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.25448 | Context:liabilities and related insurance receivables where applicable , or make such estimates for matters previously not susceptible of reasonable estimates , such as a significant judicial ruling or judgment , significant settlement , significant regulatory development or changes in applicable law . a future adverse ruling , settlement or unfavorable development could result in future charges that could have a material adverse effect on the company 2019s results of operations or cash flows in any particular period . a specific factor that could increase the company 2019s estimate of its future asbestos-related liabilities is the pending congressional consideration of legislation to reform asbestos- related litigation and pertinent information derived from that process . for a more detailed discussion of the legal proceedings involving the company and associated accounting estimates , see the discussion in note 11 to the consolidated financial statements of this annual report on form 10-k . item 1b . unresolved staff comments . item 2 . properties . 3m 2019s general offices , corporate research laboratories , and certain division laboratories are located in st . paul , minnesota . in the united states , 3m has 15 sales offices in 12 states and operates 59 manufacturing facilities in 23 states . internationally , 3m has 173 sales offices . the company operates 80 manufacturing and converting facilities in 29 countries outside the united states . 3m owns substantially all of its physical properties . 3m 2019s physical facilities are highly suitable for the purposes for which they were designed . because 3m is a global enterprise characterized by substantial intersegment cooperation , properties are often used by multiple business segments . item 3 . legal proceedings . discussion of legal matters is incorporated by reference from part ii , item 8 , note 11 , 201ccommitments and contingencies 201d , of this document , and should be considered an integral part of part i , item 3 , 201clegal proceedings 201d . item 4 . submission of matters to a vote of security holders . none in the quarter ended december 31 , 2005 . part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities . equity compensation plans 2019 information is incorporated by reference from part iii , item 12 , security ownership of certain beneficial owners and management , of this document , and should be considered an integral part of item 5 . at january 31 , 2006 , there were approximately 125823 shareholders of record . 3m 2019s stock is listed on the new york stock exchange , inc . ( nyse ) , pacific exchange , inc. , chicago stock exchange , inc. , and the swx swiss exchange . cash dividends declared and paid totaled $ .42 per share for each quarter of 2005 , and $ .36 per share for each quarter of 2004 . stock price comparisons follow : stock price comparisons ( nyse composite transactions ) ( per share amounts ) quarter second quarter quarter fourth quarter year .
|( per share amounts )|first quarter|second quarter|third quarter|fourth quarter|year|
|2005 high|$ 87.45|$ 86.21|$ 76.74|$ 79.84|$ 87.45|
|2005 low|80.73|$ 72.25|70.41|69.71|69.71|
|2004 high|$ 86.20|$ 90.29|$ 90.11|$ 83.03|$ 90.29|
|2004 low|74.35|80.90|77.20|73.31|73.31|
.
Question: in 2005 what was the percentage difference in the year end high and low | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.09412 | Context:visa inc . notes to consolidated financial statements 2014 ( continued ) september 30 , 2009 ( in millions , except as noted ) to value the shares issued on june 15 , 2007 ( the 201cmeasurement date 201d ) , the company primarily relied upon the analysis of comparable companies with similar industry , business model and financial profiles . this analysis considered a range of metrics including the forward multiples of revenue ; earnings before interest , depreciation and amortization ; and net income of these comparable companies . ultimately , the company determined that the forward net income multiple was the most appropriate measure to value the acquired regions and reflect anticipated changes in the company 2019s financial profile prospectively . this multiple was applied to the corresponding forward net income of the acquired regions to calculate their value . the most comparable company identified was mastercard inc . therefore , the most significant input into this analysis was mastercard 2019s forward net income multiple of 27 times net income at the measurement date . visa inc . common stock issued to visa europe as part of the reorganization , visa europe received 62762788 shares of class c ( series iii and iv ) common stock valued at $ 3.1 billion based on the value of the class c ( series i ) common stock issued to the acquired regions . visa europe also received 27904464 shares of class c ( series ii ) common stock valued at $ 1.104 billion determined by discounting the redemption price of these shares using a risk-free rate of 4.9% ( 4.9 % ) over the period to october 2008 , when these shares were redeemed by the company . prior to the ipo , the company issued visa europe an additional 51844393 class c ( series ii ) common stock at a price of $ 44 per share in exchange for a subscription receivable . the issuance and subscription receivable were recorded as offsetting entries in temporary equity at september 30 , 2008 . completion of the company 2019s ipo triggered the redemption feature of this stock and in march 2008 , the company reclassified all outstanding shares of the class c ( series ii ) common stock at its then fair value of $ 1.125 billion to temporary equity on the consolidated balance sheet with a corresponding reduction in additional paid-in-capital of $ 1.104 billion and accumulated income of $ 21 million . from march 2008 to october 10 , 2008 , the date these shares were redeemed , the company recorded accretion of this stock to its redemption price through accumulated income . fair value of assets acquired and liabilities assumed total purchase consideration has been allocated to the tangible and identifiable intangible assets and liabilities assumed underlying the acquired interests based on their fair value on the reorganization date . the excess of purchase consideration over net assets assumed was recorded as goodwill . the following table summarizes this allocation. .
||in millions|
|tangible assets and liabilities||
|current assets|$ 1733|
|non-current assets|1122|
|current liabilities|-1194 ( 1194 )|
|non-current liabilities|-4426 ( 4426 )|
|intangible assets|10883|
|goodwill|10295|
|net assets acquired|$ 18413|
.
Question: what was the percent of the net assets acquired allocated to current assets | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
5.325 | Context:15 . leases in january 1996 , the company entered into a lease agreement with an unrelated third party for a new corporate office facility , which the company occupied in february 1997 . in may 2004 , the company entered into the first amendment to this lease agreement , effective january 1 , 2004 . the lease was extended from an original period of 10 years , with an option for five additional years , to a period of 18 years from the inception date , with an option for five additional years . the company incurred lease rental expense related to this facility of $ 1.3 million in 2008 , 2007 and 2006 . the future minimum lease payments are $ 1.4 million per annum from january 1 , 2009 to december 31 , 2014 . the future minimum lease payments from january 1 , 2015 through december 31 , 2019 will be determined based on prevailing market rental rates at the time of the extension , if elected . the amended lease also provided for the lessor to reimburse the company for up to $ 550000 in building refurbishments completed through march 31 , 2006 . these amounts have been recorded as a reduction of lease expense over the remaining term of the lease . the company has also entered into various noncancellable operating leases for equipment and office space . office space lease expense totaled $ 9.3 million , $ 6.3 million and $ 4.7 million for the years ended december 31 , 2008 , 2007 and 2006 , respectively . future minimum lease payments under noncancellable operating leases for office space in effect at december 31 , 2008 are $ 8.8 million in 2009 , $ 6.6 million in 2010 , $ 3.0 million in 2011 , $ 1.8 million in 2012 and $ 1.1 million in 2013 . 16 . royalty agreements the company has entered into various renewable , nonexclusive license agreements under which the company has been granted access to the licensor 2019s technology and the right to sell the technology in the company 2019s product line . royalties are payable to developers of the software at various rates and amounts , which generally are based upon unit sales or revenue . royalty fees are reported in cost of goods sold and were $ 6.3 million , $ 5.2 million and $ 3.9 million for the years ended december 31 , 2008 , 2007 and 2006 , respectively . 17 . geographic information revenue to external customers is attributed to individual countries based upon the location of the customer . revenue by geographic area is as follows: .
|( in thousands )|year ended december 31 , 2008|year ended december 31 , 2007|year ended december 31 , 2006|
|united states|$ 151688|$ 131777|$ 94282|
|germany|68390|50973|34567|
|japan|66960|50896|35391|
|canada|8033|4809|4255|
|other european|127246|108971|70184|
|other international|56022|37914|24961|
|total revenue|$ 478339|$ 385340|$ 263640|
.
Question: what was the average future minimum lease payments under noncancellable operating leases for office space from 2009 to 2013 in millions . | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.40984 | Context:holding other assumptions constant , the following table reflects what a one hundred basis point increase and decrease in our estimated long-term rate of return on plan assets would have on our estimated 2011 pension expense ( in millions ) : change in long-term rate of return on plan assets .
|increase ( decrease ) in expense|change in long-term rateof return on plan assets increase|change in long-term rateof return on plan assets decrease|
|u.s . plans|$ -14 ( 14 )|$ 14|
|u.k . plans|-35 ( 35 )|35|
|the netherlands plan|-5 ( 5 )|5|
|canada plans|-2 ( 2 )|2|
estimated future contributions we estimate contributions of approximately $ 403 million in 2011 as compared with $ 288 million in goodwill and other intangible assets goodwill represents the excess of cost over the fair market value of the net assets acquired . we classify our intangible assets acquired as either trademarks , customer relationships , technology , non-compete agreements , or other purchased intangibles . our goodwill and other intangible balances at december 31 , 2010 increased to $ 8.6 billion and $ 3.6 billion , respectively , compared to $ 6.1 billion and $ 791 million , respectively , at december 31 , 2009 , primarily as a result of the hewitt acquisition . although goodwill is not amortized , we test it for impairment at least annually in the fourth quarter . in the fourth quarter , we also test acquired trademarks ( which also are not amortized ) for impairment . we test more frequently if there are indicators of impairment or whenever business circumstances suggest that the carrying value of goodwill or trademarks may not be recoverable . these indicators may include a sustained significant decline in our share price and market capitalization , a decline in our expected future cash flows , or a significant adverse change in legal factors or in the business climate , among others . no events occurred during 2010 or 2009 that indicate the existence of an impairment with respect to our reported goodwill or trademarks . we perform impairment reviews at the reporting unit level . a reporting unit is an operating segment or one level below an operating segment ( referred to as a 2018 2018component 2019 2019 ) . a component of an operating segment is a reporting unit if the component constitutes a business for which discrete financial information is available and segment management regularly reviews the operating results of that component . an operating segment shall be deemed to be a reporting unit if all of its components are similar , if none of its components is a reporting unit , or if the segment comprises only a single component . the goodwill impairment test is a two step analysis . step one requires the fair value of each reporting unit to be compared to its book value . management must apply judgment in determining the estimated fair value of the reporting units . if the fair value of a reporting unit is determined to be greater than the carrying value of the reporting unit , goodwill and trademarks are deemed not to be impaired and no further testing is necessary . if the fair value of a reporting unit is less than the carrying value , we perform step two . step two uses the calculated fair value of the reporting unit to perform a hypothetical purchase price allocation to the fair value of the assets and liabilities of the reporting unit . the difference between the fair value of the reporting unit calculated in step one and the fair value of the underlying assets and liabilities of the reporting unit is the implied fair value of the reporting unit 2019s goodwill . a charge is recorded in the financial statements if the carrying value of the reporting unit 2019s goodwill is greater than its implied fair value. .
Question: what was the percentage change in the goodwill in 2010 as a result of the hewitt acquisition . | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
6.0 | Context:in the ordinary course of business , based on our evaluations of certain geologic trends and prospective economics , we have allowed certain lease acreage to expire and may allow additional acreage to expire in the future . if production is not established or we take no other action to extend the terms of the leases , licenses , or concessions , undeveloped acreage listed in the table below will expire over the next three years . we plan to continue the terms of many of these licenses and concession areas or retain leases through operational or administrative actions. .
|( in thousands )|net undeveloped acres expiring 2013|net undeveloped acres expiring 2014|net undeveloped acres expiring 2015|
|u.s .|436|189|130|
|canada|2014|2014|2014|
|total north america|436|189|130|
|e.g .|2014|36|2014|
|other africa|858|2014|189|
|total africa|858|36|189|
|total europe|2014|216|1155|
|other international|2014|2014|49|
|worldwide|1294|441|1523|
marketing and midstream our e&p segment includes activities related to the marketing and transportation of substantially all of our liquid hydrocarbon and natural gas production . these activities include the transportation of production to market centers , the sale of commodities to third parties and storage of production . we balance our various sales , storage and transportation positions through what we call supply optimization , which can include the purchase of commodities from third parties for resale . supply optimization serves to aggregate volumes in order to satisfy transportation commitments and to achieve flexibility within product types and delivery points . as discussed previously , we currently own and operate gathering systems and other midstream assets in some of our production areas . we are continually evaluating value-added investments in midstream infrastructure or in capacity in third-party systems . delivery commitments we have committed to deliver quantities of crude oil and natural gas to customers under a variety of contracts . as of december 31 , 2012 , those contracts for fixed and determinable amounts relate primarily to eagle ford liquid hydrocarbon production . a minimum of 54 mbbld is to be delivered at variable pricing through mid-2017 under two contracts . our current production rates and proved reserves related to the eagle ford shale are sufficient to meet these commitments , but the contracts also provide for a monetary shortfall penalty or delivery of third-party volumes . oil sands mining segment we hold a 20 percent non-operated interest in the aosp , an oil sands mining and upgrading joint venture located in alberta , canada . the joint venture produces bitumen from oil sands deposits in the athabasca region utilizing mining techniques and upgrades the bitumen to synthetic crude oils and vacuum gas oil . the aosp 2019s mining and extraction assets are located near fort mcmurray , alberta and include the muskeg river and the jackpine mines . gross design capacity of the combined mines is 255000 ( 51000 net to our interest ) barrels of bitumen per day . the aosp base and expansion 1 scotford upgrader is at fort saskatchewan , northeast of edmonton , alberta . as of december 31 , 2012 , we own or have rights to participate in developed and undeveloped leases totaling approximately 216000 gross ( 43000 net ) acres . the underlying developed leases are held for the duration of the project , with royalties payable to the province of alberta . the five year aosp expansion 1 was completed in 2011 . the jackpine mine commenced production under a phased start- up in the third quarter of 2010 and began supplying oil sands ore to the base processing facility in the fourth quarter of 2010 . the upgrader expansion was completed and commenced operations in the second quarter of 2011 . synthetic crude oil sales volumes for 2012 were 47 mbbld and net of royalty production was 41 mbbld . phase one of debottlenecking opportunities was approved in 2011 and is expected to be completed in the second quarter of 2013 . future expansions and additional debottlenecking opportunities remain under review with no formal approvals expected until 2014 . current aosp operations use established processes to mine oil sands deposits from an open-pit mine , extract the bitumen and upgrade it into synthetic crude oils . ore is mined using traditional truck and shovel mining techniques . the mined ore passes through primary crushers to reduce the ore chunks in size and is then sent to rotary breakers where the ore chunks are further reduced to smaller particles . the particles are combined with hot water to create slurry . the slurry moves through the extraction .
Question: based on synthetic crude oil sales volumes for 2012 , what are the deemed mbbld due to royalty production? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
1.06667 | Context:the following table summarizes the weighted-average number of ordinary shares outstanding for basic and diluted earnings per share calculations. .
|in millions|2016|2015|2014|
|weighted-average number of basic shares|95.8|95.9|96.1|
|shares issuable under incentive stock plans|1.1|1.0|1.1|
|weighted-average number of diluted shares|96.9|96.9|97.2|
at december 31 , 2016 , 0.6 million stock options were excluded from the computation of weighted average diluted shares outstanding because the effect of including these shares would have been anti-dilutive . note 21 2013 commitments and contingencies the company is involved in various litigations , claims and administrative proceedings , including those related to environmental and product warranty matters . amounts recorded for identified contingent liabilities are estimates , which are reviewed periodically and adjusted to reflect additional information when it becomes available . subject to the uncertainties inherent in estimating future costs for contingent liabilities , except as expressly set forth in this note , management believes that any liability which may result from these legal matters would not have a material adverse effect on the financial condition , results of operations , liquidity or cash flows of the company . environmental matters the company is dedicated to an environmental program to reduce the utilization and generation of hazardous materials during the manufacturing process and to remediate identified environmental concerns . as to the latter , the company is currently engaged in site investigations and remediation activities to address environmental cleanup from past operations at current and former production facilities . the company regularly evaluates its remediation programs and considers alternative remediation methods that are in addition to , or in replacement of , those currently utilized by the company based upon enhanced technology and regulatory changes . changes to the company's remediation programs may result in increased expenses and increased environmental reserves . the company is sometimes a party to environmental lawsuits and claims and has received notices of potential violations of environmental laws and regulations from the u.s . environmental protection agency and similar state authorities . it has also been identified as a potentially responsible party ( "prp" ) for cleanup costs associated with off-site waste disposal at federal superfund and state remediation sites . for all such sites , there are other prps and , in most instances , the company 2019s involvement is minimal . in estimating its liability , the company has assumed it will not bear the entire cost of remediation of any site to the exclusion of other prps who may be jointly and severally liable . the ability of other prps to participate has been taken into account , based on our understanding of the parties 2019 financial condition and probable contributions on a per site basis . additional lawsuits and claims involving environmental matters are likely to arise from time to time in the future . the company incurred $ 23.3 million , $ 4.4 million , and $ 2.9 million of expenses during the years ended december 31 , 2016 , 2015 and 2014 , respectively , for environmental remediation at sites presently or formerly owned or leased by the company . in the fourth-quarter of 2016 , with the collaboration and approval of state regulators , the company launched a proactive , alternative approach to remediate two sites in the united states . this approach will allow the company to more aggressively address environmental conditions at these sites and reduce the impact of potential changes in regulatory requirements . as a result , the company recorded a $ 15 million charge for environmental remediation in the fourth quarter . environmental remediation costs are recorded in costs of goods sold within the consolidated statements of comprehensive income . as of december 31 , 2016 and 2015 , the company has recorded reserves for environmental matters of $ 30.6 million and $ 15.2 million . the total reserve at december 31 , 2016 and 2015 included $ 9.6 million and $ 2.8 million related to remediation of sites previously disposed by the company . environmental reserves are classified as accrued expenses and other current liabilities or other noncurrent liabilities based on their expected term . the company's total current environmental reserve at december 31 , 2016 and 2015 was $ 6.1 million and $ 3.7 million and the remainder is classified as noncurrent . given the evolving nature of environmental laws , regulations and technology , the ultimate cost of future compliance is uncertain . warranty liability standard product warranty accruals are recorded at the time of sale and are estimated based upon product warranty terms and historical experience . the company assesses the adequacy of its liabilities and will make adjustments as necessary based on known or anticipated warranty claims , or as new information becomes available. .
Question: considering the years 2014-2016 , what is the average number of shares issuable under incentive stock plans , in millions? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
7385000000.0 | Context:generate cash without additional external financings . free cash flow should be considered in addition to , rather than as a substitute for , cash provided by operating activities . the following table reconciles cash provided by operating activities ( gaap measure ) to free cash flow ( non-gaap measure ) : millions 2014 2013 2012 .
|millions|2014|2013|2012|
|cash provided by operating activities|$ 7385|$ 6823|$ 6161|
|cash used in investing activities|-4249 ( 4249 )|-3405 ( 3405 )|-3633 ( 3633 )|
|dividends paid|-1632 ( 1632 )|-1333 ( 1333 )|-1146 ( 1146 )|
|free cash flow|$ 1504|$ 2085|$ 1382|
2015 outlook f0b7 safety 2013 operating a safe railroad benefits all our constituents : our employees , customers , shareholders and the communities we serve . we will continue using a multi-faceted approach to safety , utilizing technology , risk assessment , quality control , training and employee engagement , and targeted capital investments . we will continue using and expanding the deployment of total safety culture and courage to care throughout our operations , which allows us to identify and implement best practices for employee and operational safety . we will continue our efforts to increase detection of rail defects ; improve or close crossings ; and educate the public and law enforcement agencies about crossing safety through a combination of our own programs ( including risk assessment strategies ) , industry programs and local community activities across our network . f0b7 network operations 2013 in 2015 , we will continue to add resources to support growth , improve service , and replenish our surge capability . f0b7 fuel prices 2013 with the dramatic drop in fuel prices at the end of 2014 , there is even more uncertainty around the projections of fuel prices . we again could see volatile fuel prices during the year , as they are sensitive to global and u.s . domestic demand , refining capacity , geopolitical events , weather conditions and other factors . as prices fluctuate there will be a timing impact on earnings , as our fuel surcharge programs trail fluctuations in fuel price by approximately two months . lower fuel prices could have a positive impact on the economy by increasing consumer discretionary spending that potentially could increase demand for various consumer products that we transport . alternatively , lower fuel prices will likely have a negative impact on other commodities such as coal , frac sand and crude oil shipments . f0b7 capital plan 2013 in 2015 , we expect our capital plan to be approximately $ 4.3 billion , including expenditures for ptc and 218 locomotives . the capital plan may be revised if business conditions warrant or if new laws or regulations affect our ability to generate sufficient returns on these investments . ( see further discussion in this item 7 under liquidity and capital resources 2013 capital plan. ) f0b7 financial expectations 2013 we expect the overall u.s . economy to continue to improve at a moderate pace . one of the biggest uncertainties is the outlook for energy markets , which will bring both challenges and opportunities . on balance , we expect to see positive volume growth for 2015 versus the prior year . in the current environment , we expect continued margin improvement driven by continued pricing opportunities , ongoing productivity initiatives and the ability to leverage our resources as we improve the fluidity of our network. .
Question: if operating cash flow increases in 2015 at the same pace as in 2014 , what would the expected amount be? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.9575 | Context:shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the sec , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing . the following graph shows a five-year comparison of cumulative total shareowners 2019 returns for our class b common stock , the standard & poor 2019s 500 index and the dow jones transportation average . the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2012 in the standard & poor 2019s 500 index , the dow jones transportation average and our class b common stock. .
||12/31/2012|12/31/2013|12/31/2014|12/31/2015|12/31/2016|12/31/2017|
|united parcel service inc .|$ 100.00|$ 146.54|$ 159.23|$ 148.89|$ 182.70|$ 195.75|
|standard & poor 2019s 500 index|$ 100.00|$ 132.38|$ 150.49|$ 152.55|$ 170.79|$ 208.06|
|dow jones transportation average|$ 100.00|$ 141.38|$ 176.83|$ 147.19|$ 179.37|$ 213.49|
.
Question: what is the total cumulative percentage return on investment on class b common stock for the five years ended 122/31/2017? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
2.0 | Context:table of contents company stock performance the following graph shows a comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 index , the dow jones u.s . technology supersector index and the s&p information technology index for the five years ended september 27 , 2014 . the company has added the s&p information technology index to the graph to capture the stock performance of companies whose products and services relate to those of the company . the s&p information technology index replaces the s&p computer hardware index , which is no longer tracked by s&p . the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 index , the dow jones u.s . technology supersector index and the s&p information technology index as of the market close on september 25 , 2009 . note that historic stock price performance is not necessarily indicative of future stock price performance . copyright a9 2014 s&p , a division of the mcgraw-hill companies inc . all rights reserved . copyright a9 2014 dow jones & co . all rights reserved . apple inc . | 2014 form 10-k | 23 * $ 100 invested on 9/25/09 in stock or index , including reinvestment of dividends . data points are the last day of each fiscal year for the company 2019s common stock and september 30th for indexes . september september september september september september .
||september 2009|september 2010|september 2011|september 2012|september 2013|september 2014|
|apple inc .|$ 100|$ 160|$ 222|$ 367|$ 272|$ 407|
|s&p 500 index|$ 100|$ 110|$ 111|$ 145|$ 173|$ 207|
|dow jones u.s . technology supersector index|$ 100|$ 112|$ 115|$ 150|$ 158|$ 205|
|s&p information technology index|$ 100|$ 111|$ 115|$ 152|$ 163|$ 210|
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Question: what was the difference in percentage of cumulative total shareholder return for the five year period ended september 2014 between apple inc . and the s&p 500 index? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.6682 | Context:notes to consolidated financial statements 2014 ( continued ) merchant acquiring business in the united kingdom to the partnership . in addition , hsbc uk entered into a ten-year marketing alliance with the partnership in which hsbc uk will refer customers to the partnership for payment processing services in the united kingdom . on june 23 , 2008 , we entered into a new five year , $ 200 million term loan to fund a portion of the acquisition . we funded the remaining purchase price with excess cash and our existing credit facilities . the term loan bears interest , at our election , at the prime rate or london interbank offered rate plus a margin based on our leverage position . as of july 1 , 2008 , the interest rate on the term loan was 3.605% ( 3.605 % ) . the term loan calls for quarterly principal payments of $ 5 million beginning with the quarter ending august 31 , 2008 and increasing to $ 10 million beginning with the quarter ending august 31 , 2010 and $ 15 million beginning with the quarter ending august 31 , 2011 . the partnership agreement includes provisions pursuant to which hsbc uk may compel us to purchase , at fair value , additional membership units from hsbc uk ( the 201cput option 201d ) . hsbc uk may exercise the put option on the fifth anniversary of the closing of the acquisition and on each anniversary thereafter . by exercising the put option , hsbc uk can require us to purchase , on an annual basis , up to 15% ( 15 % ) of the total membership units . additionally , on the tenth anniversary of closing and each tenth anniversary thereafter , hsbc uk may compel us to purchase all of their membership units at fair value . while not redeemable until june 2013 , we estimate the maximum total redemption amount of the minority interest under the put option would be $ 421.4 million , as of may 31 , 2008 . the purpose of this acquisition was to establish a presence in the united kingdom . the key factors that contributed to the decision to make this acquisition include historical and prospective financial statement analysis and hsbc uk 2019s market share and retail presence in the united kingdom . the purchase price was determined by analyzing the historical and prospective financial statements and applying relevant purchase price multiples . the purchase price totaled $ 441.1 million , consisting of $ 438.6 million cash consideration plus $ 2.5 million of direct out of pocket costs . the acquisition has been recorded using the purchase method of accounting , and , accordingly , the purchase price has been allocated to the assets acquired and liabilities assumed based on their estimated fair values at the date of acquisition . the following table summarizes the preliminary purchase price allocation: .
||total|
|goodwill|$ 294741|
|customer-related intangible assets|116920|
|contract-based intangible assets|13437|
|trademark|2204|
|property and equipment|26955|
|other current assets|100|
|total assets acquired|454357|
|minority interest in equity of subsidiary ( at historical cost )|-13257 ( 13257 )|
|net assets acquired|$ 441100|
due to the recent timing of the transaction , the allocation of the purchase price is preliminary . all of the goodwill associated with the acquisition is expected to be deductible for tax purposes . the customer-related intangible assets have amortization periods of up to 13 years . the contract-based intangible assets have amortization periods of 7 years . the trademark has an amortization period of 5 years. .
Question: what portion of the net assets acquired is dedicated for goodwill? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.61972 | Context:item 2 . properties the table below provides a summary of our four owned containerboard mills , the principal products produced and each mill 2019s year-end 2012 annual practical maximum capacity based upon all of our paper machines 2019 production capabilities , as reported to the af&pa : location function capacity ( tons ) counce , tn . . . . . . . . . . . . . . . . . . . . . . . . . kraft linerboard mill 1057000 valdosta , ga . . . . . . . . . . . . . . . . . . . . . . . kraft linerboard mill 559000 tomahawk , wi . . . . . . . . . . . . . . . . . . . . . . semi-chemical medium mill 545000 filer city , mi . . . . . . . . . . . . . . . . . . . . . . . semi-chemical medium mill 439000 .
|location|function kraft linerboard mill kraft linerboard mill semi-chemical medium mill semi-chemical medium mill|capacity ( tons ) 1057000 559000 545000 439000|
|counce tn|valdosta ga|tomahawk wi|
|filer city mi|filer city mi|filer city mi|
|total||2600000|
we currently have 71 corrugated manufacturing operations , of which 44 are owned , including 37 combining operations , or corrugated plants , and seven sheet plants . four corrugated plants and 23 sheet plants are leased . we also own one warehouse and miscellaneous other properties , including sales offices and woodlands management offices . these sales offices and woodlands management offices generally have one to four employees and serve as administrative offices . pca leases the space for regional design centers and numerous other distribution centers , warehouses and facilities . the equipment in these leased facilities is , in virtually all cases , owned by pca , except for forklifts and other rolling stock which are generally leased . we lease the cutting rights to approximately 88000 acres of timberland located near our valdosta mill ( 77000 acres ) and our counce mill ( 11000 acres ) . on average , these cutting rights agreements have terms with approximately 11 years remaining . our corporate headquarters is located in lake forest , illinois . the headquarters facility is leased for the next nine years with provisions for two additional five year lease extensions . item 3 . legal proceedings during september and october 2010 , pca and eight other u.s . and canadian containerboard producers were named as defendants in five purported class action lawsuits filed in the united states district court for the northern district of illinois , alleging violations of the sherman act . the lawsuits have been consolidated in a single complaint under the caption kleen products llc v packaging corp . of america et al . the consolidated complaint alleges that the defendants conspired to limit the supply of containerboard , and that the purpose and effect of the alleged conspiracy was to artificially increase prices of containerboard products during the period from august 2005 to the time of filing of the complaint . the complaint was filed as a purported class action suit on behalf of all purchasers of containerboard products during such period . the complaint seeks treble damages and costs , including attorney 2019s fees . the defendants 2019 motions to dismiss the complaint were denied by the court in april 2011 . pca believes the allegations are without merit and will defend this lawsuit vigorously . however , as the lawsuit is in the document production phase of discovery , pca is unable to predict the ultimate outcome or estimate a range of reasonably possible losses . pca is a party to various other legal actions arising in the ordinary course of our business . these legal actions cover a broad variety of claims spanning our entire business . as of the date of this filing , we believe it is not reasonably possible that the resolution of these legal actions will , individually or in the aggregate , have a material adverse effect on our financial condition , results of operations or cash flows . item 4 . mine safety disclosures .
Question: of the 71 corrugated manufacturing operations , what percent are owned? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
257.0 | Context:30 2018 ppg annual report and 10-k foreign currency translation partially offset by : cost reclassifications associated with the adoption of the new revenue recognition standard . refer to note 2 , "revenue recognition" within part 2 of this form 10-k cost management including restructuring cost savings 2017 vs . 2016 selling , general and administrative expenses decreased $ 1 million primarily due to : lower net periodic pension and other postretirement benefit costs lower selling and advertising costs restructuring cost savings partially offset by : wage and other cost inflation selling , general and administrative expenses from acquired businesses foreign currency translation other charges and other income .
|( $ in millions except percentages )|2018|% ( % ) change 2017|% ( % ) change 2016|% ( % ) change 2018 vs . 2017|% ( % ) change 2017 vs . 2016|
|interest expense net of interest income|$ 95|$ 85|$ 99|11.8% ( 11.8 % )|( 14.1 ) % ( % )|
|business restructuring net|$ 66|$ 2014|$ 191|n/a|( 100.0 ) % ( % )|
|pension settlement charges|$ 2014|$ 60|$ 968|( 100.0 ) % ( % )|( 93.8 ) % ( % )|
|other charges|$ 122|$ 74|$ 242|64.9% ( 64.9 % )|( 69.4 ) % ( % )|
|other income|( $ 114 )|( $ 150 )|( $ 127 )|( 24.0 ) % ( % )|18.1% ( 18.1 % )|
interest expense , net of interest income interest expense , net of interest income increased $ 10 million in 2018 versus 2017 primarily due to the issuance of long- term debt in early 2018 . interest expense , net of interest income decreased $ 14 million in 2017 versus 2016 due to lower interest rate debt outstanding in 2017 . business restructuring , net a pretax restructuring charge of $ 83 million was recorded in the second quarter of 2018 , offset by certain changes in estimates to complete previously recorded programs of $ 17 million . a pretax charge of $ 191 million was recorded in 2016 . refer to note 8 , "business restructuring" in item 8 of this form 10-k for additional information . pension settlement charges during 2017 , ppg made lump-sum payments to certain retirees who had participated in ppg's u.s . qualified and non- qualified pension plans totaling approximately $ 127 million . as the lump-sum payments were in excess of the expected 2017 service and interest costs for the affected plans , ppg remeasured the periodic benefit obligation of these plans in the period payments were made and recorded settlement charges totaling $ 60 million ( $ 38 million after-tax ) during 2017 . during 2016 , ppg permanently transferred approximately $ 1.8 billion of its u.s . and canadian pension obligations and assets to several highly rated insurance companies . these actions triggered remeasurement and partial settlement of certain of the company 2019s defined benefit pension plans . ppg recognized a $ 968 million pre-tax settlement charge in connection with these transactions . refer to note 13 , "employee benefit plans" in item 8 of this form 10-k for additional information . other charges other charges in 2018 and 2016 were higher than 2017 primarily due to environmental remediation charges . these charges were principally for environmental remediation at a former chromium manufacturing plant and associated sites in new jersey . refer to note 14 , "commitments and contingent liabilities" in item 8 of this form 10-k for additional information . other income other income was lower in 2018 and 2016 than in 2017 primarily due to the gain from the sale of the mexican plaka business of $ 25 million and income from a legal settlement of $ 18 million in 2017 . refer to note 3 , "acquisitions and divestitures" in item 8 of this form 10-k for additional information. .
Question: what was the total pre-tax restructuring program cost in millions? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
4335.33333 | Context:sales of unregistered securities not applicable . repurchases of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2017 to december 31 , 2017 . total number of shares ( or units ) purchased 1 average price paid per share ( or unit ) 2 total number of shares ( or units ) purchased as part of publicly announced plans or programs 3 maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs 3 .
||total number ofshares ( or units ) purchased1|average price paidper share ( or unit ) 2|total number ofshares ( or units ) purchased as part ofpublicly announcedplans or programs3|maximum number ( orapproximate dollar value ) of shares ( or units ) that may yet be purchasedunder the plans orprograms3|
|october 1 - 31|1231868|$ 20.74|1230394|$ 214001430|
|november 1 - 30|1723139|$ 18.89|1722246|$ 181474975|
|december 1 - 31|1295639|$ 20.25|1285000|$ 155459545|
|total|4250646|$ 19.84|4237640||
1 included shares of our common stock , par value $ 0.10 per share , withheld under the terms of grants under employee stock-based compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares ( the 201cwithheld shares 201d ) . we repurchased 1474 withheld shares in october 2017 , 893 withheld shares in november 2017 and 10639 withheld shares in december 2017 , for a total of 13006 withheld shares during the three-month period . 2 the average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum of the applicable period of the aggregate value of the tax withholding obligations and the aggregate amount we paid for shares acquired under our share repurchase program , described in note 5 to the consolidated financial statements , by the sum of the number of withheld shares and the number of shares acquired in our share repurchase program . 3 in february 2017 , the board authorized a share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock ( the 201c2017 share repurchase program 201d ) . on february 14 , 2018 , we announced that our board had approved a new share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock . the new authorization is in addition to any amounts remaining for repurchase under the 2017 share repurchase program . there is no expiration date associated with the share repurchase programs. .
Question: what is the monthly average of withheld shares from october to december 2017? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.27835 | Context:a black-scholes option-pricing model was used for purposes of estimating the fair value of state street 2019s employee stock options at the grant date . the following were the weighted average assumptions for the years ended december 31 , 2001 , 2000 and 1999 , respectively : risk-free interest rates of 3.99% ( 3.99 % ) , 5.75% ( 5.75 % ) and 5.90% ( 5.90 % ) ; dividend yields of 1.08% ( 1.08 % ) , .73% ( .73 % ) and .92% ( .92 % ) ; and volatility factors of the expected market price of state street common stock of .30 , .30 and .30 . the estimated weighted average life of the stock options granted was 4.1 years for the years ended december 31 , 2001 , 2000 and 1999 . o t h e r u n r e a l i z e d c o m p r e h e n s i v e i n c o m e ( l o s s ) at december 31 , the components of other unrealized comprehensive income ( loss ) , net of related taxes , were as follows: .
|( dollars in millions )|2001|2000|
|unrealized gain on available-for-sale securities|$ 96|$ 19|
|foreign currency translation|-27 ( 27 )|-20 ( 20 )|
|other|1||
|total|$ 70|$ -1 ( 1 )|
note j shareholders 2019 rights plan in 1988 , state street declared a dividend of one preferred share purchase right for each outstanding share of common stock . in 1998 , the rights agreement was amended and restated , and in 2001 , the rights plan was impacted by the 2-for-1 stock split . accordingly , a right may be exercised , under certain conditions , to purchase one eight-hundredths share of a series of participating preferred stock at an exercise price of $ 132.50 , subject to adjustment . the rights become exercisable if a party acquires or obtains the right to acquire 10% ( 10 % ) or more of state street 2019s common stock or after commencement or public announcement of an offer for 10% ( 10 % ) or more of state street 2019s common stock . when exercisable , under certain conditions , each right entitles the holder thereof to purchase shares of common stock , of either state street or of the acquirer , having a market value of two times the then-current exercise price of that right . the rights expire in september 2008 , and may be redeemed at a price of $ .00125 per right , subject to adjustment , at any time prior to expiration or the acquisition of 10% ( 10 % ) of state street 2019s common stock . under certain circumstances , the rights may be redeemed after they become exercisable and may be subject to automatic redemption . note k regulatory matters r e g u l a t o r y c a p i t a l state street is subject to various regulatory capital requirements administered by federal banking agencies . failure to meet minimum capital requirements can initiate certain mandatory and discretionary actions by regulators that , if undertaken , could have a direct material effect on state street 2019s financial condition . under capital adequacy guidelines , state street must meet specific capital guidelines that involve quantitative measures of state street 2019s assets , liabilities and off-balance sheet items as calculated under regulatory accounting practices . state street 2019s capital amounts and classification are subject to qualitative judgments by the regulators about components , risk weightings and other factors . 42 state street corporation .
Question: in 2001 , what percent of gains were lost in foreign currency translation | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
13.89356 | Context:leased real property in september 2002 , we completed a sale/leaseback transaction for our 200000 square foot headquarters and manufacturing facility located in bedford , massachusetts and our 62500 square foot lorad manufacturing facility in danbury , connecticut . the lease for these facilities , including the associated land , has a term of 20 years , with four-five year renewal options . we sublease approximately 10000 square feet of the bedford facility to a subtenant , cmp media , under a lease which expires in may 2006 . we also sublease approximately 11000 square feet of the bedford facility to a subtenant , genesys conferencing , under a lease which expires in february we lease a 60000 square feet of office and manufacturing space in danbury , connecticut near our lorad manufacturing facility . this lease expires in december 2012 . we also lease a sales and service office in belgium . item 3 . legal proceedings . in march 2005 , we were served with a complaint filed on november 12 , 2004 by oleg sokolov with the united states district court for the district of connecticut alleging that our htc 2122 grid infringes u.s . patent number 5970118 . the plaintiff is seeking to preliminarily and permanently enjoin us from infringing the patent , as well as damages resulting from the alleged infringement , treble damages and reasonable attorney fees , and such other and further relief as may be available . on april 25 , 2005 , we filed an answer and counterclaims in response to the complaint in which we denied the plaintiff 2019s allegations and , among other things , sought declaratory relief with respect to the patent claims and damages , as well as other relief . on october 28 , 1998 , the plaintiff had previously sued lorad , asserting , among other things , that lorad had misappropriated the plaintiff 2019s trade secrets relating to the htc grid . this previous case was dismissed on august 28 , 2000 . the dismissal was affirmed by the appellate court of the state of connecticut , and the united states supreme court refused to grant certiorari . we do not believe that we infringe any valid or enforceable patents of the plaintiff . however , while we intend to vigorously defend our interests , ongoing litigation can be costly and time consuming , and we cannot guarantee that we will prevail . item 4 . submission of matters to a vote of security holders . at a special meeting of stockholders held november 15 , 2005 , our stockholders approved a proposal to amend our certificate of incorporation to increase the number of shares of common stock the company has authority to issue from 30 million to 90 million . the voting results for the proposal , not adjusted for the effect of the stock split , were as follows: .
|for|against|abstained|broker non-votes|
|17695228|963202|155213|0|
as a result of the amendment , the previously announced two-for-one stock split to be effected as a stock dividend , was paid on november 30 , 2005 to stockholders of record on november 16 , 2005. .
Question: what portion of the votes support the proposal? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.00912 | Context:6feb201418202649 performance graph the table below compares the cumulative total shareholder return on our common stock with the cumulative total return of ( i ) the standard & poor 2019s 500 composite stock index ( 2018 2018s&p 500 index 2019 2019 ) , ( ii ) the standard & poor 2019s industrials index ( 2018 2018s&p industrials index 2019 2019 ) and ( iii ) the standard & poor 2019s consumer durables & apparel index ( 2018 2018s&p consumer durables & apparel index 2019 2019 ) , from december 31 , 2008 through december 31 , 2013 , when the closing price of our common stock was $ 22.77 . the graph assumes investments of $ 100 on december 31 , 2008 in our common stock and in each of the three indices and the reinvestment of dividends . $ 350.00 $ 300.00 $ 250.00 $ 200.00 $ 150.00 $ 100.00 $ 50.00 performance graph .
||2009|2010|2011|2012|2013|
|masco|$ 128.21|$ 120.32|$ 102.45|$ 165.80|$ 229.59|
|s&p 500 index|$ 125.92|$ 144.58|$ 147.60|$ 171.04|$ 225.85|
|s&p industrials index|$ 120.19|$ 151.89|$ 150.97|$ 173.87|$ 243.73|
|s&p consumer durables & apparel index|$ 136.29|$ 177.91|$ 191.64|$ 232.84|$ 316.28|
in july 2007 , our board of directors authorized the purchase of up to 50 million shares of our common stock in open-market transactions or otherwise . at december 31 , 2013 , we had remaining authorization to repurchase up to 22.6 million shares . during the first quarter of 2013 , we repurchased and retired 1.7 million shares of our common stock , for cash aggregating $ 35 million to offset the dilutive impact of the 2013 grant of 1.7 million shares of long-term stock awards . we have not purchased any shares since march 2013. .
Question: what was the percent of the increase in the performance of s&p 500 index from 2009 to 2010 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.2 | Context:on-balance sheet securitizations the company engages in on-balance sheet securitizations . these are securitizations that do not qualify for sales treatment ; thus , the assets remain on the company 2019s balance sheet . the following table presents the carrying amounts and classification of consolidated assets and liabilities transferred in transactions from the consumer credit card , student loan , mortgage and auto businesses , accounted for as secured borrowings : in billions of dollars december 31 , december 31 .
|in billions of dollars|december 31 2008|december 31 2007|
|cash|$ 0.3|$ 0.1|
|available-for-sale securities|0.1|0.2|
|loans|7.5|7.4|
|allowance for loan losses|-0.1 ( 0.1 )|-0.1 ( 0.1 )|
|total assets|$ 7.8|$ 7.6|
|long-term debt|$ 6.3|$ 5.8|
|other liabilities|0.3|0.4|
|total liabilities|$ 6.6|$ 6.2|
all assets are restricted from being sold or pledged as collateral . the cash flows from these assets are the only source used to pay down the associated liabilities , which are non-recourse to the company 2019s general assets . citi-administered asset-backed commercial paper conduits the company is active in the asset-backed commercial paper conduit business as administrator of several multi-seller commercial paper conduits , and also as a service provider to single-seller and other commercial paper conduits sponsored by third parties . the multi-seller commercial paper conduits are designed to provide the company 2019s customers access to low-cost funding in the commercial paper markets . the conduits purchase assets from or provide financing facilities to customers and are funded by issuing commercial paper to third-party investors . the conduits generally do not purchase assets originated by the company . the funding of the conduit is facilitated by the liquidity support and credit enhancements provided by the company and by certain third parties . as administrator to the conduits , the company is responsible for selecting and structuring of assets purchased or financed by the conduits , making decisions regarding the funding of the conduits , including determining the tenor and other features of the commercial paper issued , monitoring the quality and performance of the conduits 2019 assets , and facilitating the operations and cash flows of the conduits . in return , the company earns structuring fees from clients for individual transactions and earns an administration fee from the conduit , which is equal to the income from client program and liquidity fees of the conduit after payment of interest costs and other fees . this administration fee is fairly stable , since most risks and rewards of the underlying assets are passed back to the customers and , once the asset pricing is negotiated , most ongoing income , costs and fees are relatively stable as a percentage of the conduit 2019s size . the conduits administered by the company do not generally invest in liquid securities that are formally rated by third parties . the assets are privately negotiated and structured transactions that are designed to be held by the conduit , rather than actively traded and sold . the yield earned by the conduit on each asset is generally tied to the rate on the commercial paper issued by the conduit , thus passing interest rate risk to the client . each asset purchased by the conduit is structured with transaction-specific credit enhancement features provided by the third-party seller , including over- collateralization , cash and excess spread collateral accounts , direct recourse or third-party guarantees . these credit enhancements are sized with the objective of approximating a credit rating of a or above , based on the company 2019s internal risk ratings . substantially all of the funding of the conduits is in the form of short- term commercial paper . as of december 31 , 2008 , the weighted average life of the commercial paper issued was approximately 37 days . in addition , the conduits have issued subordinate loss notes and equity with a notional amount of approximately $ 80 million and varying remaining tenors ranging from six months to seven years . the primary credit enhancement provided to the conduit investors is in the form of transaction-specific credit enhancement described above . in addition , there are two additional forms of credit enhancement that protect the commercial paper investors from defaulting assets . first , the subordinate loss notes issued by each conduit absorb any credit losses up to their full notional amount . it is expected that the subordinate loss notes issued by each conduit are sufficient to absorb a majority of the expected losses from each conduit , thereby making the single investor in the subordinate loss note the primary beneficiary under fin 46 ( r ) . second , each conduit has obtained a letter of credit from the company , which is generally 8-10% ( 8-10 % ) of the conduit 2019s assets . the letters of credit provided by the company total approximately $ 5.8 billion and are included in the company 2019s maximum exposure to loss . the net result across all multi-seller conduits administered by the company is that , in the event of defaulted assets in excess of the transaction-specific credit enhancement described above , any losses in each conduit are allocated in the following order : 2022 subordinate loss note holders 2022 the company 2022 the commercial paper investors the company , along with third parties , also provides the conduits with two forms of liquidity agreements that are used to provide funding to the conduits in the event of a market disruption , among other events . each asset of the conduit is supported by a transaction-specific liquidity facility in the form of an asset purchase agreement ( apa ) . under the apa , the company has agreed to purchase non-defaulted eligible receivables from the conduit at par . any assets purchased under the apa are subject to increased pricing . the apa is not designed to provide credit support to the conduit , as it generally does not permit the purchase of defaulted or impaired assets and generally reprices the assets purchased to consider potential increased credit risk . the apa covers all assets in the conduits and is considered in the company 2019s maximum exposure to loss . in addition , the company provides the conduits with program-wide liquidity in the form of short-term lending commitments . under these commitments , the company has agreed to lend to the conduits in the event of a short-term disruption in the commercial paper market , subject to specified conditions . the total notional exposure under the program-wide liquidity agreement is $ 11.3 billion and is considered in the company 2019s maximum exposure to loss . the company receives fees for providing both types of liquidity agreement and considers these fees to be on fair market terms. .
Question: what was the change in billions of the cash between 2007 and 2008? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.39314 | Context:2006 plan prior to december 5 , 2008 became fully vested and nonforfeitable upon the closing of the acquisition . awards may be granted under the 2006 plan , as amended and restated , after december 5 , 2008 only to employees and consultants of allied waste industries , inc . and its subsidiaries who were not employed by republic services , inc . prior to such date . at december 31 , 2010 , there were approximately 15.3 million shares of common stock reserved for future grants under the 2006 plan . stock options we use a binomial option-pricing model to value our stock option grants . we recognize compensation expense on a straight-line basis over the requisite service period for each separately vesting portion of the award , or to the employee 2019s retirement eligible date , if earlier . expected volatility is based on the weighted average of the most recent one-year volatility and a historical rolling average volatility of our stock over the expected life of the option . the risk-free interest rate is based on federal reserve rates in effect for bonds with maturity dates equal to the expected term of the option . we use historical data to estimate future option exercises , forfeitures and expected life of the options . when appropriate , separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes . the weighted-average estimated fair values of stock options granted during the years ended december 31 , 2010 , 2009 and 2008 were $ 5.28 , $ 3.79 and $ 4.36 per option , respectively , which were calculated using the following weighted-average assumptions: .
||2010|2009|2008|
|expected volatility|28.6% ( 28.6 % )|28.7% ( 28.7 % )|27.3% ( 27.3 % )|
|risk-free interest rate|2.4% ( 2.4 % )|1.4% ( 1.4 % )|1.7% ( 1.7 % )|
|dividend yield|2.9% ( 2.9 % )|3.1% ( 3.1 % )|2.9% ( 2.9 % )|
|expected life ( in years )|4.3|4.2|4.2|
|contractual life ( in years )|7|7|7|
|expected forfeiture rate|3.0% ( 3.0 % )|3.0% ( 3.0 % )|3.0% ( 3.0 % )|
republic services , inc . notes to consolidated financial statements , continued .
Question: what was the percentage growth in the weighted-average estimated fair values of stock options granted from 2009 to 2010 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-0.09002 | Context:the changes in the gross amount of unrecognized tax benefits for the year ended december 29 , 2007 are as follows: .
||( in thousands )|
|balance as of december 31 2006|$ 337226|
|gross amount of the decreases in unrecognized tax benefits of tax positions taken during a prior year|-31608 ( 31608 )|
|gross amount of the increases in unrecognized tax benefits as a result of tax positions taken during the current year|7764|
|amount of decreases in unrecognized tax benefits relating to settlements with taxing authorities|-6001 ( 6001 )|
|reductions to unrecognized tax benefits resulting from the lapse of the applicable statute of limitations|-511 ( 511 )|
|balance as of december 29 2007|$ 306870|
as of december 29 , 2007 , $ 228.4 million of unrecognized tax benefits would , if recognized , reduce the effective tax rate , as compared to $ 232.1 million as of december 31 , 2006 , the first day of cadence 2019s fiscal year . the total amounts of interest and penalties recognized in the consolidated income statement for the year ended december 29 , 2007 resulted in net tax benefits of $ 11.1 million and $ 0.4 million , respectively , primarily due to the effective settlement of tax audits during the year . the total amounts of gross accrued interest and penalties recognized in the consolidated balance sheets as of december 29 , 2007 , were $ 47.9 million and $ 9.7 million , respectively as compared to $ 65.8 million and $ 10.1 million , respectively as of december 31 , 2006 . note 9 . acquisitions for each of the acquisitions described below , the results of operations and the estimated fair value of the assets acquired and liabilities assumed have been included in cadence 2019s consolidated financial statements from the date of the acquisition . comparative pro forma financial information for all 2007 , 2006 and 2005 acquisitions have not been presented because the results of operations were not material to cadence 2019s consolidated financial statements . 2007 acquisitions during 2007 , cadence acquired invarium , inc. , a san jose-based developer of advanced lithography-modeling and pattern-synthesis technology , and clear shape technologies , inc. , a san jose-based design for manufacturing technology company specializing in design-side solutions to minimize yield loss for advanced semiconductor integrated circuits . cadence acquired these two companies for an aggregate purchase price of $ 75.5 million , which included the payment of cash , the fair value of assumed options and acquisition costs . the $ 45.7 million of goodwill recorded in connection with these acquisitions is not expected to be deductible for income tax purposes . prior to acquiring clear shape technologies , inc. , cadence had an investment of $ 2.0 million in the company , representing a 12% ( 12 % ) ownership interest , which had been accounted for under the cost method of accounting . in accordance with sfas no . 141 , 201cbusiness combinations , 201d cadence accounted for this acquisition as a step acquisition . subsequent adjustments to the purchase price of these acquired companies are included in the 201cother 201d line of the changes of goodwill table in note 10 below . 2006 acquisition in march 2006 , cadence acquired a company for an aggregate initial purchase price of $ 25.8 million , which included the payment of cash , the fair value of assumed options and acquisition costs . the preliminary allocation of the purchase price was recorded as $ 17.4 million of goodwill , $ 9.4 million of identifiable intangible assets and $ ( 1.0 ) million of net liabilities . the $ 17.4 million of goodwill recorded in connection with this acquisition is not expected to be deductible for income tax purposes . subsequent adjustments to the purchase price of this acquired company are included in the 201cother 201d line of the changes of goodwill table in note 10 below. .
Question: what is the percentage change in the gross amount of unrecognized tax benefit during 2007? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
66.258 | Context:condition are valued using a monte carlo model . expected volatility is based on historical volatilities of traded common stock of the company and comparative companies using daily stock prices over the past three years . the expected term is three years and the risk-free interest rate is based on the three-year u.s . treasury rate in effect as of the measurement date . the following table provides the weighted average assumptions used in the monte carlo simulation and the weighted average grant date fair values of psus granted for the years ended december 31: .
||2018|2017|2016|
|expected volatility|17.23% ( 17.23 % )|17.40% ( 17.40 % )|15.90% ( 15.90 % )|
|risk-free interest rate|2.36% ( 2.36 % )|1.53% ( 1.53 % )|0.91% ( 0.91 % )|
|expected life ( years )|3.0|3.0|3.0|
|grant date fair value per share|$ 73.62|$ 72.81|$ 77.16|
the grant date fair value of psus that vest ratably and have market and/or performance conditions are amortized through expense over the requisite service period using the graded-vesting method . if dividends are paid with respect to shares of the company 2019s common stock before the rsus and psus are distributed , the company credits a liability for the value of the dividends that would have been paid if the rsus and psus were shares of company common stock . when the rsus and psus 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 $ 1 million , less than $ 1 million and $ 1 million to accumulated deficit in the accompanying consolidated statements of changes in shareholders 2019 equity for the years ended december 31 , 2018 , 2017 and 2016 , 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 a discount . prior to february 5 , 2019 , the purchase price of common stock acquired under the espp was 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 july 27 , 2018 , the espp was amended , effective february 5 , 2019 , to permit employee participants to acquire company common stock at 85% ( 85 % ) of the fair market value of the common stock at the end of the purchase period . as of december 31 , 2018 , there were 1.9 million shares of common stock reserved for issuance under the espp . the espp is considered compensatory . during the years ended december 31 , 2018 , 2017 and 2016 , the company issued 95 thousand , 93 thousand and 93 thousand shares , respectively , under the espp. .
Question: what was the purchase price of common stock acquired under the espp in 2018? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
116.9 | Context:table of contents ended december 31 , 2015 and 2014 , respectively . the increase in cash provided by accounts payable-inventory financing was primarily due to a new vendor added to our previously existing inventory financing agreement . for a description of the inventory financing transactions impacting each period , see note 6 ( inventory financing agreements ) to the accompanying consolidated financial statements . for a description of the debt transactions impacting each period , see note 8 ( long-term debt ) to the accompanying consolidated financial statements . net cash used in financing activities decreased $ 56.3 million in 2014 compared to 2013 . the decrease was primarily driven by several debt refinancing transactions during each period and our july 2013 ipo , which generated net proceeds of $ 424.7 million after deducting underwriting discounts , expenses and transaction costs . the net impact of our debt transactions resulted in cash outflows of $ 145.9 million and $ 518.3 million during 2014 and 2013 , respectively , as cash was used in each period to reduce our total long-term debt . for a description of the debt transactions impacting each period , see note 8 ( long-term debt ) to the accompanying consolidated financial statements . long-term debt and financing arrangements as of december 31 , 2015 , we had total indebtedness of $ 3.3 billion , of which $ 1.6 billion was secured indebtedness . at december 31 , 2015 , we were in compliance with the covenants under our various credit agreements and indentures . the amount of cdw 2019s restricted payment capacity under the senior secured term loan facility was $ 679.7 million at december 31 , 2015 . for further details regarding our debt and each of the transactions described below , see note 8 ( long-term debt ) to the accompanying consolidated financial statements . during the year ended december 31 , 2015 , the following events occurred with respect to our debt structure : 2022 on august 1 , 2015 , we consolidated kelway 2019s term loan and kelway 2019s revolving credit facility . kelway 2019s term loan is denominated in british pounds . the kelway revolving credit facility is a multi-currency revolving credit facility under which kelway is permitted to borrow an aggregate amount of a350.0 million ( $ 73.7 million ) as of december 31 , 2015 . 2022 on march 3 , 2015 , we completed the issuance of $ 525.0 million principal amount of 5.0% ( 5.0 % ) senior notes due 2023 which will mature on september 1 , 2023 . 2022 on march 3 , 2015 , we redeemed the remaining $ 503.9 million aggregate principal amount of the 8.5% ( 8.5 % ) senior notes due 2019 , plus accrued and unpaid interest through the date of redemption , april 2 , 2015 . inventory financing agreements we have entered into agreements with certain financial intermediaries to facilitate the purchase of inventory from various suppliers under certain terms and conditions . these amounts are classified separately as accounts payable-inventory financing on the consolidated balance sheets . we do not incur any interest expense associated with these agreements as balances are paid when they are due . for further details , see note 6 ( inventory financing agreements ) to the accompanying consolidated financial statements . contractual obligations we have future obligations under various contracts relating to debt and interest payments , operating leases and asset retirement obligations . our estimated future payments , based on undiscounted amounts , under contractual obligations that existed as of december 31 , 2015 , are as follows: .
|( in millions )|payments due by period total|payments due by period < 1 year|payments due by period 1-3 years|payments due by period 4-5 years|payments due by period > 5 years|
|term loan ( 1 )|$ 1703.4|$ 63.9|$ 126.3|$ 1513.2|$ 2014|
|kelway term loan ( 1 )|90.9|13.5|77.4|2014|2014|
|senior notes due 2022 ( 2 )|852.0|36.0|72.0|72.0|672.0|
|senior notes due 2023 ( 2 )|735.1|26.3|52.5|52.5|603.8|
|senior notes due 2024 ( 2 )|859.7|31.6|63.3|63.3|701.5|
|operating leases ( 3 )|143.2|22.5|41.7|37.1|41.9|
|asset retirement obligations ( 4 )|1.8|0.8|0.5|0.3|0.2|
|total|$ 4386.1|$ 194.6|$ 433.7|$ 1738.4|$ 2019.4|
.
Question: what was the difference in principal amount of senior notes due 2022 compared to senior notes due 2023 , in millions? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
3.40615 | Context:year ended december 31 , 2010 compared to year ended december 31 , 2009 net revenues increased $ 207.5 million , or 24.2% ( 24.2 % ) , to $ 1063.9 million in 2010 from $ 856.4 million in 2009 . net revenues by product category are summarized below: .
|( in thousands )|year ended december 31 , 2010|year ended december 31 , 2009|year ended december 31 , $ change|year ended december 31 , % ( % ) change|
|apparel|$ 853493|$ 651779|$ 201714|30.9% ( 30.9 % )|
|footwear|127175|136224|-9049 ( 9049 )|-6.6 ( 6.6 )|
|accessories|43882|35077|8805|25.1|
|total net sales|1024550|823080|201470|24.5|
|license revenues|39377|33331|6046|18.1|
|total net revenues|$ 1063927|$ 856411|$ 207516|24.2% ( 24.2 % )|
net sales increased $ 201.5 million , or 24.5% ( 24.5 % ) , to $ 1024.6 million in 2010 from $ 823.1 million in 2009 as noted in the table above . the increase in net sales primarily reflects : 2022 $ 88.9 million , or 56.8% ( 56.8 % ) , increase in direct to consumer sales , which includes 19 additional stores in 2010 ; and 2022 unit growth driven by increased distribution and new offerings in multiple product categories , most significantly in our training , base layer , mountain , golf and underwear categories ; partially offset by 2022 $ 9.0 million decrease in footwear sales driven primarily by a decline in running and training footwear sales . license revenues increased $ 6.1 million , or 18.1% ( 18.1 % ) , to $ 39.4 million in 2010 from $ 33.3 million in 2009 . this increase in license revenues was primarily a result of increased sales by our licensees due to increased distribution and continued unit volume growth . we have developed our own headwear and bags , and beginning in 2011 , these products are being sold by us rather than by one of our licensees . gross profit increased $ 120.4 million to $ 530.5 million in 2010 from $ 410.1 million in 2009 . gross profit as a percentage of net revenues , or gross margin , increased 200 basis points to 49.9% ( 49.9 % ) in 2010 compared to 47.9% ( 47.9 % ) in 2009 . the increase in gross margin percentage was primarily driven by the following : 2022 approximate 100 basis point increase driven by increased direct to consumer higher margin sales ; 2022 approximate 50 basis point increase driven by decreased sales markdowns and returns , primarily due to improved sell-through rates at retail ; and 2022 approximate 50 basis point increase driven primarily by liquidation sales and related inventory reserve reversals . the current year period benefited from reversals of inventory reserves established in the prior year relative to certain cleated footwear , sport specific apparel and gloves . these products have historically been more difficult to liquidate at favorable prices . selling , general and administrative expenses increased $ 93.3 million to $ 418.2 million in 2010 from $ 324.9 million in 2009 . as a percentage of net revenues , selling , general and administrative expenses increased to 39.3% ( 39.3 % ) in 2010 from 37.9% ( 37.9 % ) in 2009 . these changes were primarily attributable to the following : 2022 marketing costs increased $ 19.3 million to $ 128.2 million in 2010 from $ 108.9 million in 2009 primarily due to an increase in sponsorship of events and collegiate and professional teams and athletes , increased television and digital campaign costs , including media campaigns for specific customers and additional personnel costs . in addition , we incurred increased expenses for our performance incentive plan as compared to the prior year . as a percentage of net revenues , marketing costs decreased to 12.0% ( 12.0 % ) in 2010 from 12.7% ( 12.7 % ) in 2009 primarily due to decreased marketing costs for specific customers. .
Question: what was the percentage change in the gross profit from 2009 to 2010 \\n | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.22796 | Context:part i item 1 entergy corporation , domestic utility companies , and system energy employment litigation ( entergy corporation , entergy arkansas , entergy gulf states , entergy louisiana , entergy mississippi , entergy new orleans , and system energy ) entergy corporation and the domestic utility companies are defendants in numerous lawsuits that have been filed by former employees alleging that they were wrongfully terminated and/or discriminated against on the basis of age , race , sex , and/or other protected characteristics . entergy corporation and the domestic utility companies are vigorously defending these suits and deny any liability to the plaintiffs . however , no assurance can be given as to the outcome of these cases , and at this time management cannot estimate the total amount of damages sought . included in the employment litigation are two cases filed in state court in claiborne county , mississippi in december 2002 . the two cases were filed by former employees of entergy operations who were based at grand gulf . entergy operations and entergy employees are named as defendants . the cases make employment-related claims , and seek in total $ 53 million in alleged actual damages and $ 168 million in punitive damages . entergy subsequently removed both proceedings to the federal district in jackson , mississippi . entergy cannot predict the ultimate outcome of this proceeding . research spending entergy is a member of the electric power research institute ( epri ) . epri conducts a broad range of research in major technical fields related to the electric utility industry . entergy participates in various epri projects based on entergy's needs and available resources . the domestic utility companies contributed $ 1.6 million in 2004 , $ 1.5 million in 2003 , and $ 2.1 million in 2002 to epri . the non-utility nuclear business contributed $ 3.2 million in 2004 and $ 3 million in both 2003 and 2002 to epri . employees employees are an integral part of entergy's commitment to serving its customers . as of december 31 , 2004 , entergy employed 14425 people . u.s . utility: .
|entergy arkansas|1494|
|entergy gulf states|1641|
|entergy louisiana|943|
|entergy mississippi|793|
|entergy new orleans|403|
|system energy|-|
|entergy operations|2735|
|entergy services|2704|
|entergy nuclear operations|3245|
|other subsidiaries|277|
|total full-time|14235|
|part-time|190|
|total entergy|14425|
approximately 4900 employees are represented by the international brotherhood of electrical workers union , the utility workers union of america , and the international brotherhood of teamsters union. .
Question: what percent of total full-time employees are in entergy nuclear operations? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
116.0 | Context:supplies . expenses for purchased services increased 10% ( 10 % ) compared to 2012 due to logistics management fees , an increase in locomotive overhauls and repairs on jointly owned property . expenses for contract services increased $ 103 million in 2012 versus 2011 , primarily due to increased demand for transportation services purchased by our logistics subsidiaries for their customers and additional costs for repair and maintenance of locomotives and freight cars . depreciation 2013 the majority of depreciation relates to road property , including rail , ties , ballast , and other track material . depreciation was up 1% ( 1 % ) compared to 2012 . recent depreciation studies allowed us to use longer estimated service lives for certain equipment , which partially offset the impact of a higher depreciable asset base resulting from larger capital spending in recent years . a higher depreciable asset base , reflecting ongoing capital spending , increased depreciation expense in 2012 compared to 2011 . equipment and other rents 2013 equipment and other rents expense primarily includes rental expense that the railroad pays for freight cars owned by other railroads or private companies ; freight car , intermodal , and locomotive leases ; and office and other rent expenses . additional container costs resulting from the logistics management arrangement , and increased automotive shipments , partially offset by lower cycle times drove a $ 51 million increase in our short-term freight car rental expense versus 2012 . conversely , lower locomotive and freight car lease expenses partially offset the higher freight car rental expense . increased automotive and intermodal shipments , partially offset by improved car-cycle times , drove an increase in our short-term freight car rental expense in 2012 compared to 2011 . conversely , lower locomotive lease expense partially offset the higher freight car rental expense . other 2013 other expenses include state and local taxes , freight , equipment and property damage , utilities , insurance , personal injury , environmental , employee travel , telephone and cellular , computer software , bad debt , and other general expenses . higher property taxes and costs associated with damaged freight and property increased other costs in 2013 compared to 2012 . continued improvement in our safety performance and lower estimated liability for personal injury , which reduced our personal injury expense year-over-year , partially offset increases in other costs . other costs in 2012 were slightly higher than 2011 primarily due to higher property taxes . despite continual improvement in our safety experience and lower estimated annual costs , personal injury expense increased in 2012 compared to 2011 , as the liability reduction resulting from historical claim experience was less than the reduction in 2011 . non-operating items millions 2013 2012 2011 % ( % ) change 2013 v 2012 % ( % ) change 2012 v 2011 .
|millions|2013|2012|2011|% ( % ) change 2013 v 2012|% ( % ) change 2012 v 2011|
|other income|$ 128|$ 108|$ 112|19 % ( % )|( 4 ) % ( % )|
|interest expense|-526 ( 526 )|-535 ( 535 )|-572 ( 572 )|-2 ( 2 )|-6 ( 6 )|
|income taxes|-2660 ( 2660 )|-2375 ( 2375 )|-1972 ( 1972 )|12 % ( % )|20 % ( % )|
other income 2013 other income increased in 2013 versus 2012 due to higher gains from real estate sales and increased lease income , including the favorable impact from the $ 17 million settlement of a land lease contract . these increases were partially offset by interest received from a tax refund in 2012 . other income decreased in 2012 versus 2011 due to lower gains from real estate sales and higher environmental costs associated with non-operating properties , partially offset by interest received from a tax refund . interest expense 2013 interest expense decreased in 2013 versus 2012 due to a lower effective interest rate of 5.7% ( 5.7 % ) in 2013 versus 6.0% ( 6.0 % ) in 2012 . the increase in the weighted-average debt level to $ 9.6 billion in 2013 from $ 9.1 billion in 2012 partially offset the impact of the lower effective interest rate . interest expense decreased in 2012 versus 2011 reflecting a lower effective interest rate in 2012 of 6.0% ( 6.0 % ) versus 6.2% ( 6.2 % ) in 2011 as the debt level did not materially change from 2011 to 2012. .
Question: what was the average other income from 2011 to 2013 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.02273 | Context:devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) other debentures and notes following are descriptions of the various other debentures and notes outstanding at december 31 , 2014 and 2013 , as listed in the table presented at the beginning of this note . geosouthern debt in december 2013 , in conjunction with the planned geosouthern acquisition , devon issued $ 2.25 billion aggregate principal amount of fixed and floating rate senior notes resulting in cash proceeds of approximately $ 2.2 billion , net of discounts and issuance costs . the floating rate senior notes due in 2015 bear interest at a rate equal to three-month libor plus 0.45 percent , which rate will be reset quarterly . the floating rate senior notes due in 2016 bears interest at a rate equal to three-month libor plus 0.54 percent , which rate will be reset quarterly . the schedule below summarizes the key terms of these notes ( in millions ) . .
|floating rate due december 15 2015|$ 500|
|floating rate due december 15 2016|350|
|1.20% ( 1.20 % ) due december 15 2016 ( 1 )|650|
|2.25% ( 2.25 % ) due december 15 2018|750|
|discount and issuance costs|-2 ( 2 )|
|net proceeds|$ 2248|
( 1 ) the 1.20% ( 1.20 % ) $ 650 million note due december 15 , 2016 was redeemed on november 13 , 2014 . the senior notes were classified as short-term debt on devon 2019s consolidated balance sheet as of december 31 , 2013 due to certain redemption features in the event that the geosouthern acquisition was not completed on or prior to june 30 , 2014 . on february 28 , 2014 , the geosouthern acquisition closed and thus the senior notes were subsequently classified as long-term debt . additionally , during december 2013 , devon entered into a term loan agreement with a group of major financial institutions pursuant to which devon could draw up to $ 2.0 billion to finance , in part , the geosouthern acquisition and to pay transaction costs . in february 2014 , devon drew the $ 2.0 billion of term loans for the geosouthern transaction , and the amount was subsequently repaid on june 30 , 2014 with the canadian divestiture proceeds that were repatriated to the u.s . in june 2014 , at which point the term loan was terminated. .
Question: debt in december 2013 , what was the percent of the net of discounts and issuance costs associated with the issuance fixed and floating rate senior notes in conjunction with the planned geosouthern acquisition | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.0838 | Context:the company 2019s stock performance the following graph compares cumulative total return of the company 2019s common stock with the cumulative total return of ( i ) the nasdaq stock market-united states , and ( ii ) the nasdaq biotechnology index . the graph assumes ( a ) $ 100 was invested on july 31 , 2001 in each of the company 2019s common stock , the stocks comprising the nasdaq stock market-united states and the stocks comprising the nasdaq biotechnology index , and ( b ) the reinvestment of dividends . comparison of 65 month cumulative total return* among alexion pharmaceuticals , inc. , the nasdaq composite index and the nasdaq biotechnology index alexion pharmaceuticals , inc . nasdaq composite nasdaq biotechnology .
||7/02|7/03|7/04|7/05|12/05|12/06|12/07|
|alexion pharmaceuticals inc .|100.00|108.38|102.64|167.89|130.56|260.41|483.75|
|nasdaq composite|100.00|128.98|142.51|164.85|168.24|187.43|204.78|
|nasdaq biotechnology|100.00|149.29|146.51|176.75|186.10|183.89|187.04|
.
Question: what is the percent change in the investment into alexion pharmaceuticals between 7/02 and 7/03? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.00971 | Context:american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) operations , net , in the accompanying consolidated statements of operations for the year ended december 31 , 2003 . ( see note 9. ) other transactions 2014in august 2003 , the company consummated the sale of galaxy engineering ( galaxy ) , a radio frequency engineering , network design and tower-related consulting business ( previously included in the company 2019s network development services segment ) . the purchase price of approximately $ 3.5 million included $ 2.0 million in cash , which the company received at closing , and an additional $ 1.5 million payable on january 15 , 2008 , or at an earlier date based on the future revenues of galaxy . the company received $ 0.5 million of this amount in january 2005 . pursuant to this transaction , the company recorded a net loss on disposal of approximately $ 2.4 million in the accompanying consolidated statement of operations for the year ended december 31 , 2003 . in may 2003 , the company consummated the sale of an office building in westwood , massachusetts ( previously held primarily as rental property and included in the company 2019s rental and management segment ) for a purchase price of approximately $ 18.5 million , including $ 2.4 million of cash proceeds and the buyer 2019s assumption of $ 16.1 million of related mortgage notes . pursuant to this transaction , the company recorded a net loss on disposal of approximately $ 3.6 million in the accompanying consolidated statement of operations for the year ended december 31 , 2003 . in january 2003 , the company consummated the sale of flash technologies , its remaining components business ( previously included in the company 2019s network development services segment ) for approximately $ 35.5 million in cash and has recorded a net gain on disposal of approximately $ 0.1 million in the accompanying consolidated statement of operations for the year ended december 31 , 2003 . in march 2003 , the company consummated the sale of an office building in schaumburg , illinois ( previously held primarily as rental property and included in the company 2019s rental and management segment ) for net proceeds of approximately $ 10.3 million in cash and recorded a net loss on disposal of $ 0.1 million in the accompanying consolidated statement of operations for the year ended december 31 , 2003 . 4 . property and equipment property and equipment ( including assets held under capital leases ) consist of the following as of december 31 , ( in thousands ) : .
||2005|2004|
|towers|$ 4134155|$ 2788162|
|equipment|167504|115244|
|buildings and improvements|184951|162120|
|land and improvements|215974|176937|
|construction-in-progress|36991|27866|
|total|4739575|3270329|
|less accumulated depreciation and amortization|-1279049 ( 1279049 )|-996973 ( 996973 )|
|property and equipment net|$ 3460526|$ 2273356|
5 . goodwill and other intangible assets the company 2019s net carrying amount of goodwill was approximately $ 2.1 billion as of december 312005 and $ 592.7 million as of december 31 , 2004 , all of which related to its rental and management segment . the increase in the carrying value was as a result of the goodwill of $ 1.5 billion acquired in the merger with spectrasite , inc . ( see note 2. ) .
Question: in march 2003 what was the percentage of the loss recorded on the company consummated the sale of an office building in schaumburg, | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
40.0 | Context:stock total return performance the following graph compares our total return to stockholders with the returns of the standard & poor 2019s composite 500 index ( 201cs&p 500 201d ) and the dow jones us select health care providers index ( 201cpeer group 201d ) for the five years ended december 31 , 2018 . the graph assumes an investment of $ 100 in each of our common stock , the s&p 500 , and the peer group on december 31 , 2013 , and that dividends were reinvested when paid. .
||12/31/2013|12/31/2014|12/31/2015|12/31/2016|12/31/2017|12/31/2018|
|hum|$ 100|$ 140|$ 176|$ 202|$ 247|$ 287|
|s&p 500|$ 100|$ 114|$ 115|$ 129|$ 157|$ 150|
|peer group|$ 100|$ 128|$ 135|$ 137|$ 173|$ 191|
the stock price performance included in this graph is not necessarily indicative of future stock price performance. .
Question: what is the highest return for the first year of the investment? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.26562 | Context:december 31 , 2008 , 2007 and 2006 , included ( in millions ) : .
||2008|2007|2006|
|gain on disposition adjustment or impairment of acquired assets and obligations|$ -9.0 ( 9.0 )|$ -1.2 ( 1.2 )|$ -19.2 ( 19.2 )|
|consulting and professional fees|10.1|1.0|8.8|
|employee severance and retention|1.9|1.6|3.3|
|information technology integration|0.9|2.6|3.0|
|in-process research & development|38.5|6.5|2.9|
|integration personnel|2013|2013|2.5|
|facility and employee relocation|7.5|2013|1.0|
|distributor acquisitions|7.3|4.1|2013|
|sales agent and lease contract terminations|8.1|5.4|0.2|
|other|3.2|5.2|3.6|
|acquisition integration and other|$ 68.5|$ 25.2|$ 6.1|
included in the gain on disposition , adjustment or impairment of acquired assets and obligations for 2008 is a favorable adjustment to certain liabilities of acquired companies due to changes in circumstances surrounding those liabilities subsequent to the related measurement period . included in the gain on disposition , adjustment or impairment of acquired assets and obligations for 2006 is the sale of the former centerpulse austin land and facilities for a gain of $ 5.1 million and the favorable settlement of two pre- acquisition contingent liabilities . these gains were offset by a $ 13.4 million impairment charge for certain centerpulse tradename and trademark intangibles based principally in our europe operating segment . in-process research and development charges for 2008 are related to the acquisition of abbott spine . in-process research and development charges for 2007 are related to the acquisitions of endius and orthosoft . consulting and professional fees relate to third- party integration consulting performed in a variety of areas such as tax , compliance , logistics and human resources and legal fees related to matters involving acquired businesses . cash and equivalents 2013 we consider all highly liquid investments with an original maturity of three months or less to be cash equivalents . the carrying amounts reported in the balance sheet for cash and equivalents are valued at cost , which approximates their fair value . restricted cash is primarily composed of cash held in escrow related to certain insurance coverage . inventories 2013 inventories , net of allowances for obsolete and slow-moving goods , are stated at the lower of cost or market , with cost determined on a first-in first-out basis . property , plant and equipment 2013 property , plant and equipment is carried at cost less accumulated depreciation . depreciation is computed using the straight-line method based on estimated useful lives of ten to forty years for buildings and improvements , three to eight years for machinery and equipment . maintenance and repairs are expensed as incurred . in accordance with statement of financial accounting standards ( 201csfas 201d ) no . 144 , 201caccounting for the impairment or disposal of long-lived assets , 201d we review property , plant and equipment for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable . an impairment loss would be recognized when estimated future undiscounted cash flows relating to the asset are less than its carrying amount . an impairment loss is measured as the amount by which the carrying amount of an asset exceeds its fair value . software costs 2013 we capitalize certain computer software and software development costs incurred in connection with developing or obtaining computer software for internal use when both the preliminary project stage is completed and it is probable that the software will be used as intended . capitalized software costs generally include external direct costs of materials and services utilized in developing or obtaining computer software and compensation and related benefits for employees who are directly associated with the software project . capitalized software costs are included in property , plant and equipment on our balance sheet and amortized on a straight-line basis when the software is ready for its intended use over the estimated useful lives of the software , which approximate three to seven years . instruments 2013 instruments are hand-held devices used by orthopaedic surgeons during total joint replacement and other surgical procedures . instruments are recognized as long-lived assets and are included in property , plant and equipment . undeployed instruments are carried at cost , net of allowances for excess and obsolete instruments . instruments in the field are carried at cost less accumulated depreciation . depreciation is computed using the straight-line method based on average estimated useful lives , determined principally in reference to associated product life cycles , primarily five years . we review instruments for impairment in accordance with sfas no . 144 . depreciation of instruments is recognized as selling , general and administrative expense . goodwill 2013 we account for goodwill in accordance with sfas no . 142 , 201cgoodwill and other intangible assets . 201d goodwill is not amortized but is subject to annual impairment tests . goodwill has been assigned to reporting units . we perform annual impairment tests by comparing each reporting unit 2019s fair value to its carrying amount to determine if there is potential impairment . the fair value of the reporting unit and the implied fair value of goodwill are determined based upon a discounted cash flow analysis . significant assumptions are incorporated into to these discounted cash flow analyses such as estimated growth rates and risk-adjusted discount rates . we perform this test in the fourth quarter of the year . if the fair value of the reporting unit is less than its carrying value , an impairment loss is recorded to the extent that the implied fair value of the reporting unit goodwill is less than the carrying value of the reporting unit goodwill . intangible assets 2013 we account for intangible assets in accordance with sfas no . 142 . intangible assets are initially measured at their fair value . we have determined the fair value of our intangible assets either by the fair value of the z i m m e r h o l d i n g s , i n c . 2 0 0 8 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) %%transmsg*** transmitting job : c48761 pcn : 044000000 ***%%pcmsg|44 |00007|yes|no|02/24/2009 06:10|0|0|page is valid , no graphics -- color : d| .
Question: what is the sale of the former centerpulse austin land and facilities as a percentage of the gain on disposition adjustment or impairment of acquired assets and obligations in 2006? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
92.50108 | Context:management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) financing activities net cash used in financing activities during 2015 primarily related to the repurchase of our common stock and payment of dividends . we repurchased 13.6 shares of our common stock for an aggregate cost of $ 285.2 , including fees , and made dividend payments of $ 195.5 on our common stock . net cash used in financing activities during 2014 primarily related to the purchase of long-term debt , the repurchase of our common stock and payment of dividends . we redeemed all $ 350.0 in aggregate principal amount of our 6.25% ( 6.25 % ) notes , repurchased 14.9 shares of our common stock for an aggregate cost of $ 275.1 , including fees , and made dividend payments of $ 159.0 on our common stock . this was offset by the issuance of $ 500.0 in aggregate principal amount of our 4.20% ( 4.20 % ) notes . foreign exchange rate changes the effect of foreign exchange rate changes on cash and cash equivalents included in the consolidated statements of cash flows resulted in a decrease of $ 156.1 in 2015 . the decrease was primarily a result of the u.s . dollar being stronger than several foreign currencies , including the australian dollar , brazilian real , canadian dollar , euro and south african rand as of december 31 , 2015 compared to december 31 , 2014 . the effect of foreign exchange rate changes on cash and cash equivalents included in the consolidated statements of cash flows resulted in a decrease of $ 101.0 in 2014 . the decrease was primarily a result of the u.s . dollar being stronger than several foreign currencies , including the australian dollar , brazilian real , canadian dollar and euro as of december 31 , 2014 compared to december 31 , 2013. .
|balance sheet data|december 31 , 2015|december 31 , 2014|
|cash cash equivalents and marketable securities|$ 1509.7|$ 1667.2|
|short-term borrowings|$ 150.1|$ 107.2|
|current portion of long-term debt|1.9|2.1|
|long-term debt|1610.3|1612.9|
|total debt|$ 1762.3|$ 1722.2|
liquidity outlook we expect our cash flow from operations , cash and cash equivalents to be sufficient to meet our anticipated operating requirements at a minimum for the next twelve months . we also have a committed corporate credit facility as well as uncommitted facilities available to support our operating needs . we continue to maintain a disciplined approach to managing liquidity , with flexibility over significant uses of cash , including our capital expenditures , cash used for new acquisitions , our common stock repurchase program and our common stock dividends . from time to time , we evaluate market conditions and financing alternatives for opportunities to raise additional funds or otherwise improve our liquidity profile , enhance our financial flexibility and manage market risk . our ability to access the capital markets depends on a number of factors , which include those specific to us , such as our credit rating , and those related to the financial markets , such as the amount or terms of available credit . there can be no guarantee that we would be able to access new sources of liquidity on commercially reasonable terms , or at all . funding requirements our most significant funding requirements include our operations , non-cancelable operating lease obligations , capital expenditures , acquisitions , common stock dividends , taxes , debt service and contributions to pension and postretirement plans . additionally , we may be required to make payments to minority shareholders in certain subsidiaries if they exercise their options to sell us their equity interests. .
Question: what is the percentage of total debt from 2014-2015 that was long-term debt? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.69 | Context:table of contents related to mac os x version 10.6 snow leopard and excluded from r&d expense , while r&d expense for 2007 excluded $ 75 million of capitalized software development costs related to mac os x leopard and iphone . although total r&d expense increased 42% ( 42 % ) during 2008 , it remained relatively flat as a percentage of net sales given the 35% ( 35 % ) increase in revenue during 2008 . the company continues to believe that focused investments in r&d are critical to its future growth and competitive position in the marketplace and are directly related to timely development of new and enhanced products that are central to the company 2019s core business strategy . as such , the company expects to increase spending in r&d to remain competitive . expenditures for r&d increased 10% ( 10 % ) or $ 70 million to $ 782 million in 2007 compared to 2006 . the increases in r&d expense were due primarily to an increase in r&d headcount in 2007 to support expanded r&d activities , partially offset by one less week of expenses in the first quarter of 2007 and the capitalized software development costs mentioned above . selling , general , and administrative expense ( 201csg&a 201d ) expenditures for sg&a increased $ 798 million or 27% ( 27 % ) to $ 3.8 billion in 2008 compared to 2007 . these increases are due primarily to higher stock-based compensation expenses , higher variable selling expenses resulting from the significant year-over-year increase in total net sales and the company 2019s continued expansion of its retail segment in both domestic and international markets . in addition , the company incurred higher spending on marketing and advertising during 2008 compared to 2007 . expenditures for sg&a increased $ 530 million or 22% ( 22 % ) during 2007 compared to 2006 . the increase was due primarily to higher direct and indirect channel variable selling expenses resulting from the significant year-over-year increase in total net sales in 2007 , the company 2019s continued expansion of its retail segment in both domestic and international markets , and higher spending on marketing and advertising , partially offset by one less week of expenses in the first quarter of 2007 . other income and expense other income and expense for the three fiscal years ended september 27 , 2008 , are as follows ( in millions ) : total other income and expense increased $ 21 million to $ 620 million during 2008 as compared to $ 599 million and $ 365 million in 2007 and 2006 , respectively . while the company 2019s cash , cash equivalents and short-term investment balances increased by 59% ( 59 % ) in 2008 , other income and expense increased only 4% ( 4 % ) due to the decline in the weighted average interest rate earned of 3.44% ( 3.44 % ) . the overall increase in other income and expense is attributable to the company 2019s higher cash and short-term investment balances , which more than offset the decline in interest rates during 2008 as compared to 2007 . the weighted average interest rate earned by the company on its cash , cash equivalents , and short-term investments was 5.27% ( 5.27 % ) and 4.58% ( 4.58 % ) during 2007 and 2006 , respectively . during 2008 , 2007 and 2006 , the company had no debt outstanding and accordingly did not incur any related interest expense . provision for income taxes the company 2019s effective tax rates were 30% ( 30 % ) for the years ended september 27 , 2008 and september 29 , 2007 , and 29% ( 29 % ) for the year ended september 30 , 2006 . the company 2019s effective rates differ from the statutory federal income tax rate of 35% ( 35 % ) due primarily to certain undistributed foreign earnings for which no u.s . taxes are provided because such earnings are intended to be indefinitely reinvested outside the as of september 27 , 2008 , the company had deferred tax assets arising from deductible temporary differences , tax losses , and tax credits of $ 2.1 billion before being offset against certain deferred liabilities for presentation on the company 2019s balance sheet . management believes it is more likely than not that forecasted income , including .
||2008|2007|2006|
|interest income|$ 653|$ 647|$ 394|
|other income ( expense ) net|-33 ( 33 )|-48 ( 48 )|-29 ( 29 )|
|total other income and expense|$ 620|$ 599|$ 365|
.
Question: what was the change in the weighted average interest rate earned by the company on its cash , cash equivalents , and short-term investments between 2007 and 2006? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.05823 | Context:f0b7 financial expectations 2013 we are cautious about the economic environment , but , assuming that industrial production grows approximately 3% ( 3 % ) as projected , volume should exceed 2013 levels . even with no volume growth , we expect earnings to exceed 2013 earnings , generated by core pricing gains , on-going network improvements and productivity initiatives . we expect that free cash flow for 2014 will be lower than 2013 as higher cash from operations will be more than offset by additional cash of approximately $ 400 million that will be used to pay income taxes that were previously deferred through bonus depreciation , increased capital spend and higher dividend payments . results of operations operating revenues millions 2013 2012 2011 % ( % ) change 2013 v 2012 % ( % ) change 2012 v 2011 .
|millions|2013|2012|2011|% ( % ) change 2013 v 2012|% ( % ) change 2012 v 2011|
|freight revenues|$ 20684|$ 19686|$ 18508|5% ( 5 % )|6% ( 6 % )|
|other revenues|1279|1240|1049|3|18|
|total|$ 21963|$ 20926|$ 19557|5% ( 5 % )|7% ( 7 % )|
we generate freight revenues by transporting freight or other materials from our six commodity groups . freight revenues vary with volume ( carloads ) and arc . changes in price , traffic mix and fuel surcharges drive arc . we provide some of our customers with contractual incentives for meeting or exceeding specified cumulative volumes or shipping to and from specific locations , which we record as reductions to freight revenues based on the actual or projected future shipments . we recognize freight revenues as shipments move from origin to destination . we allocate freight revenues between reporting periods based on the relative transit time in each reporting period and recognize expenses as we incur them . other revenues include revenues earned by our subsidiaries , revenues from our commuter rail operations , and accessorial revenues , which we earn when customers retain equipment owned or controlled by us or when we perform additional services such as switching or storage . we recognize other revenues as we perform services or meet contractual obligations . freight revenues from five of our six commodity groups increased during 2013 compared to 2012 . revenue from agricultural products was down slightly compared to 2012 . arc increased 5% ( 5 % ) , driven by core pricing gains , shifts in business mix and an automotive logistics management arrangement . volume was essentially flat year over year as growth in automotives , frac sand , crude oil and domestic intermodal offset declines in coal , international intermodal and grain shipments . freight revenues from four of our six commodity groups increased during 2012 compared to 2011 . revenues from coal and agricultural products declined during the year . our franchise diversity allowed us to take advantage of growth from shale-related markets ( crude oil , frac sand and pipe ) and strong automotive manufacturing , which offset volume declines from coal and agricultural products . arc increased 7% ( 7 % ) , driven by core pricing gains and higher fuel cost recoveries . improved fuel recovery provisions and higher fuel prices , including the lag effect of our programs ( surcharges trail fluctuations in fuel price by approximately two months ) , combined to increase revenues from fuel surcharges . our fuel surcharge programs generated freight revenues of $ 2.6 billion , $ 2.6 billion , and $ 2.2 billion in 2013 , 2012 , and 2011 , respectively . fuel surcharge in 2013 was essentially flat versus 2012 as lower fuel price offset improved fuel recovery provisions and the lag effect of our programs ( surcharges trail fluctuations in fuel price by approximately two months ) . rising fuel prices and more shipments subject to fuel surcharges drove the increase from 2011 to 2012 . in 2013 , other revenue increased from 2012 due primarily to miscellaneous contract revenue and higher revenues at our subsidiaries that broker intermodal and automotive services . in 2012 , other revenues increased from 2011 due primarily to higher revenues at our subsidiaries that broker intermodal and automotive services . assessorial revenues also increased in 2012 due to container revenue related to an increase in intermodal shipments. .
Question: in 2013 what was the percent of the operating revenues that was attributable to other revenues | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.04599 | Context:guarantees and warranties in april 2015 , we entered into joint venture arrangements in saudi arabia . an equity bridge loan has been provided to the joint venture until 2020 to fund equity commitments , and we guaranteed the repayment of our 25% ( 25 % ) share of this loan . our venture partner guaranteed repayment of their share . our maximum exposure under the guarantee is approximately $ 100 . as of 30 september 2015 , we recorded a noncurrent liability of $ 67.5 for our obligation to make future equity contributions based on the equity bridge loan . air products has also entered into a sale of equipment contract with the joint venture to engineer , procure , and construct the industrial gas facilities that will supply gases to saudi aramco . we will provide bank guarantees to the joint venture of up to $ 326 to support our performance under the contract . we are party to an equity support agreement and operations guarantee related to an air separation facility constructed in trinidad for a venture in which we own 50% ( 50 % ) . at 30 september 2015 , maximum potential payments under joint and several guarantees were $ 30.0 . exposures under the guarantee decline over time and will be completely extinguished by 2024 . during the first quarter of 2014 , we sold the remaining portion of our homecare business and entered into an operations guarantee related to obligations under certain homecare contracts assigned in connection with the transaction . our maximum potential payment under the guarantee is a320 million ( approximately $ 30 at 30 september 2015 ) , and our exposure will be extinguished by 2020 . to date , no equity contributions or payments have been made since the inception of these guarantees . the fair value of the above guarantees is not material . we , in the normal course of business operations , have issued product warranties related to equipment sales . also , contracts often contain standard terms and conditions which typically include a warranty and indemnification to the buyer that the goods and services purchased do not infringe on third-party intellectual property rights . the provision for estimated future costs relating to warranties is not material to the consolidated financial statements . we do not expect that any sum we may have to pay in connection with guarantees and warranties will have a material adverse effect on our consolidated financial condition , liquidity , or results of operations . unconditional purchase obligations we are obligated to make future payments under unconditional purchase obligations as summarized below: .
|2016|$ 917|
|2017|117|
|2018|63|
|2019|55|
|2020|54|
|thereafter|164|
|total|$ 1370|
approximately $ 390 of our long-term unconditional purchase obligations relate to feedstock supply for numerous hyco ( hydrogen , carbon monoxide , and syngas ) facilities . the price of feedstock supply is principally related to the price of natural gas . however , long-term take-or-pay sales contracts to hyco customers are generally matched to the term of the feedstock supply obligations and provide recovery of price increases in the feedstock supply . due to the matching of most long-term feedstock supply obligations to customer sales contracts , we do not believe these purchase obligations would have a material effect on our financial condition or results of operations . the unconditional purchase obligations also include other product supply and purchase commitments and electric power and natural gas supply purchase obligations , which are primarily pass-through contracts with our customers . purchase commitments to spend approximately $ 540 for additional plant and equipment are included in the unconditional purchase obligations in 2016. .
Question: what is the impact of 2018's unconditional purchase obligations on the total value? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.60976 | Context:in september 2006 , the fasb issued sfas no . 158 , 201cemployers 2019 accounting for defined benefit pension and other postretirement plans , an amendment of fasb statements no . 87 , 88 , 106 and 132 ( r ) . 201d this standard eliminated the requirement for a 201cminimum pension liability adjustment 201d that was previously required under sfas no . 87 and required employers to recognize the underfunded or overfunded status of a defined benefit plan as an asset or liability in its statement of financial position . in 2006 , as a result of the implementation of sfas no . 158 , the company recognized an after-tax decrease in accumulated other comprehensive income of $ 1.187 billion and $ 513 million for the u.s . and international pension benefit plans , respectively , and $ 218 million for the postretirement health care and life insurance benefit plan . see note 11 for additional detail . reclassification adjustments are made to avoid double counting in comprehensive income items that are also recorded as part of net income . in 2007 , as disclosed in the net periodic benefit cost table in note 11 , $ 198 million pre-tax ( $ 123 million after-tax ) were reclassified to earnings from accumulated other comprehensive income to pension and postretirement expense in the income statement . these pension and postretirement expense amounts are shown in the table in note 11 as amortization of transition ( asset ) obligation , amortization of prior service cost ( benefit ) and amortization of net actuarial ( gain ) loss . other reclassification adjustments ( except for cash flow hedging instruments adjustments provided in note 12 ) were not material . no tax provision has been made for the translation of foreign currency financial statements into u.s . dollars . note 7 . supplemental cash flow information .
|( millions )|2007|2006|2005|
|cash income tax payments|$ 1999|$ 1842|$ 1277|
|cash interest payments|162|119|79|
|capitalized interest|25|16|12|
individual amounts in the consolidated statement of cash flows exclude the impacts of acquisitions , divestitures and exchange rate impacts , which are presented separately . 201cother 2013 net 201d in the consolidated statement of cash flows within operating activities in 2007 and 2006 includes changes in liabilities related to 3m 2019s restructuring actions ( note 4 ) and in 2005 includes the non-cash impact of adopting fin 47 ( $ 35 million cumulative effect of accounting change ) . transactions related to investing and financing activities with significant non-cash components are as follows : in 2007 , 3m purchased certain assets of diamond productions , inc . for approximately 150 thousand shares of 3m common stock , which has a market value of approximately $ 13 million at the acquisition 2019s measurement date . liabilities assumed from acquisitions are provided in the tables in note 2. .
Question: in 2007 what was the tax rate of the adjustment to the amount reclassified to earnings from accumulated other comprehensive income to pension and post retirement expense | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.014 | Context:marathon oil corporation notes to consolidated financial statements stock-based performance unit awards 2013 during 2018 , 2017 and 2016 we granted 754140 , 563631 and 1205517 stock- based performance unit awards to officers . at december 31 , 2018 , there were 1196176 units outstanding . total stock-based performance unit awards expense was $ 13 million in 2018 , $ 8 million in 2017 and $ 6 million in 2016 . the key assumptions used in the monte carlo simulation to determine the fair value of stock-based performance units granted in 2018 , 2017 and 2016 were: .
||2018|2017|2016|
|valuation date stock price|$ 14.17|$ 14.17|$ 14.17|
|expected annual dividend yield|1.4% ( 1.4 % )|1.4% ( 1.4 % )|1.4% ( 1.4 % )|
|expected volatility|39% ( 39 % )|43% ( 43 % )|52% ( 52 % )|
|risk-free interest rate|2.5% ( 2.5 % )|2.6% ( 2.6 % )|2.4% ( 2.4 % )|
|fair value of stock-based performance units outstanding|$ 19.60|$ 19.45|$ 21.51|
18 . defined benefit postretirement plans and defined contribution plan we have noncontributory defined benefit pension plans covering substantially all domestic employees , as well as u.k . employees who were hired before april 2010 . certain employees located in e.g. , who are u.s . or u.k . based , also participate in these plans . benefits under these plans are based on plan provisions specific to each plan . for the u.k . pension plan , the principal employer and plan trustees reached a decision to close the plan to future benefit accruals effective december 31 , 2015 . we also have defined benefit plans for other postretirement benefits covering our u.s . employees . health care benefits are provided up to age 65 through comprehensive hospital , surgical and major medical benefit provisions subject to various cost- sharing features . post-age 65 health care benefits are provided to certain u.s . employees on a defined contribution basis . life insurance benefits are provided to certain retiree beneficiaries . these other postretirement benefits are not funded in advance . employees hired after 2016 are not eligible for any postretirement health care or life insurance benefits. .
Question: what was the average expected annual dividend yield , in percent? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-8.2 | Context:page 71 of 94 notes to consolidated financial statements ball corporation and subsidiaries 16 . shareholders 2019 equity ( continued ) on october 24 , 2007 , ball announced the discontinuance of the company 2019s discount on the reinvestment of dividends associated with the company 2019s dividend reinvestment and voluntary stock purchase plan for non- employee shareholders . the 5 percent discount was discontinued on november 1 , 2007 . accumulated other comprehensive earnings ( loss ) the activity related to accumulated other comprehensive earnings ( loss ) was as follows : ( $ in millions ) foreign currency translation pension and postretirement items , net of tax effective financial derivatives , net of tax accumulated comprehensive earnings ( loss ) .
|( $ in millions )|foreign currency translation|pension and other postretirement items net of tax|effective financial derivatives net of tax|accumulated other comprehensive earnings ( loss )|
|december 31 2004|$ 148.9|$ -126.3 ( 126.3 )|$ 10.6|$ 33.2|
|2005 change|-74.3 ( 74.3 )|-43.6 ( 43.6 )|-16.0 ( 16.0 )|-133.9 ( 133.9 )|
|december 31 2005|74.6|-169.9 ( 169.9 )|-5.4 ( 5.4 )|-100.7 ( 100.7 )|
|2006 change|57.2|55.9|6.0|119.1|
|effect of sfas no . 158 adoption ( a )|2013|-47.9 ( 47.9 )|2013|-47.9 ( 47.9 )|
|december 31 2006|131.8|-161.9 ( 161.9 )|0.6|-29.5 ( 29.5 )|
|2007 change|90.0|57.9|-11.5 ( 11.5 )|136.4|
|december 31 2007|$ 221.8|$ -104.0 ( 104.0 )|$ -10.9 ( 10.9 )|$ 106.9|
( a ) within the company 2019s 2006 annual report , the consolidated statement of changes in shareholders 2019 equity for the year ended december 31 , 2006 , included a transition adjustment of $ 47.9 million , net of tax , related to the adoption of sfas no . 158 , 201cemployers 2019 accounting for defined benefit pension plans and other postretirement plans , an amendment of fasb statements no . 87 , 88 , 106 and 132 ( r ) , 201d as a component of 2006 comprehensive earnings rather than only as an adjustment to accumulated other comprehensive loss . the 2006 amounts have been revised to correct the previous reporting . notwithstanding the 2005 distribution pursuant to the jobs act , management 2019s intention is to indefinitely reinvest foreign earnings . therefore , no taxes have been provided on the foreign currency translation component for any period . the change in the pension and other postretirement items is presented net of related tax expense of $ 31.3 million and $ 2.9 million for 2007 and 2006 , respectively , and a related tax benefit of $ 27.3 million for 2005 . the change in the effective financial derivatives is presented net of related tax benefit of $ 3.2 million for 2007 , related tax expense of $ 5.7 million for 2006 and related tax benefit of $ 10.7 million for 2005 . stock-based compensation programs effective january 1 , 2006 , ball adopted sfas no . 123 ( revised 2004 ) , 201cshare based payment , 201d which is a revision of sfas no . 123 and supersedes apb opinion no . 25 . the new standard establishes accounting standards for transactions in which an entity exchanges its equity instruments for goods or services , including stock option and restricted stock grants . the major differences for ball are that ( 1 ) expense is now recorded in the consolidated statements of earnings for the fair value of new stock option grants and nonvested portions of grants made prior to january 1 , 2006 , and ( 2 ) the company 2019s deposit share program ( discussed below ) is no longer a variable plan that is marked to current market value each month through earnings . upon adoption of sfas no . 123 ( revised 2004 ) , ball has chosen to use the modified prospective transition method and the black-scholes valuation model. .
Question: what was the net tax expense for the 3 years ended 2005 related to the change in financial derivatives ( in millions? ) | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
1736.0 | Context:performance of the company 2019s obligations under the senior notes , including any repurchase obligations resulting from a change of control , is unconditionally guaranteed , jointly and severally , on an unsecured basis , by each of hii 2019s existing and future domestic restricted subsidiaries that guarantees debt under the credit facility ( the 201csubsidiary guarantors 201d ) . the guarantees rank equally with all other unsecured and unsubordinated indebtedness of the guarantors . the subsidiary guarantors are each directly or indirectly 100% ( 100 % ) owned by hii . there are no significant restrictions on the ability of hii or any subsidiary guarantor to obtain funds from their respective subsidiaries by dividend or loan . mississippi economic development revenue bonds 2014as of december 31 , 2011 and 2010 , the company had $ 83.7 million outstanding from the issuance of industrial revenue bonds issued by the mississippi business finance corporation . these bonds accrue interest at a fixed rate of 7.81% ( 7.81 % ) per annum ( payable semi-annually ) and mature in 2024 . while repayment of principal and interest is guaranteed by northrop grumman systems corporation , hii has agreed to indemnify northrop grumman systems corporation for any losses related to the guaranty . in accordance with the terms of the bonds , the proceeds have been used to finance the construction , reconstruction , and renovation of the company 2019s interest in certain ship manufacturing and repair facilities , or portions thereof , located in the state of mississippi . gulf opportunity zone industrial development revenue bonds 2014as of december 31 , 2011 and 2010 , the company had $ 21.6 million outstanding from the issuance of gulf opportunity zone industrial development revenue bonds ( 201cgo zone irbs 201d ) issued by the mississippi business finance corporation . the go zone irbs were initially issued in a principal amount of $ 200 million , and in november 2010 , in connection with the anticipated spin-off , hii purchased $ 178 million of the bonds using the proceeds from a $ 178 million intercompany loan from northrop grumman . see note 20 : related party transactions and former parent company equity . the remaining bonds accrue interest at a fixed rate of 4.55% ( 4.55 % ) per annum ( payable semi-annually ) , and mature in 2028 . in accordance with the terms of the bonds , the proceeds have been used to finance the construction , reconstruction , and renovation of the company 2019s interest in certain ship manufacturing and repair facilities , or portions thereof , located in the state of mississippi . the estimated fair value of the company 2019s total long-term debt , including current portions , at december 31 , 2011 and 2010 , was $ 1864 million and $ 128 million , respectively . the fair value of the total long-term debt was calculated based on recent trades for most of the company 2019s debt instruments or based on interest rates prevailing on debt with substantially similar risks , terms and maturities . the aggregate amounts of principal payments due on long-term debt for each of the next five years and thereafter are : ( $ in millions ) .
|2012|$ 29|
|2013|50|
|2014|79|
|2015|108|
|2016|288|
|thereafter|1305|
|total long-term debt|$ 1859|
14 . investigations , claims , and litigation the company is involved in legal proceedings before various courts and administrative agencies , and is periodically subject to government examinations , inquiries and investigations . pursuant to fasb accounting standard codification 450 contingencies , the company has accrued for losses associated with investigations , claims and litigation when , and to the extent that , loss amounts related to the investigations , claims and litigation are probable and can be reasonably estimated . the actual losses that might be incurred to resolve such investigations , claims and litigation may be higher or lower than the amounts accrued . for matters where a material loss is probable or reasonably possible and the amount of loss cannot be reasonably estimated , but the company is able to reasonably estimate a range of possible losses , such estimated range is required to be disclosed in these notes . this estimated range would be based on information currently available to the company and would involve elements of judgment and significant uncertainties . this estimated range of possible loss would not represent the company 2019s maximum possible loss exposure . for matters as to which the company is not able to reasonably estimate a possible loss or range of loss , the company is required to indicate the reasons why it is unable to estimate the possible loss or range of loss . for matters not specifically described in these notes , the company does not believe , based on information currently available to it , that it is reasonably possible that the liabilities , if any , arising from .
Question: how is the cash flow statement from financing activities affected by the change in the balance of the long-term debt from 2010 to 2011? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.39534 | Context:december 18 , 2007 , we issued an additional 23182197 shares of common stock to citadel . the issuances were exempt from registration pursuant to section 4 ( 2 ) of the securities act of 1933 , and each purchaser has represented to us that it is an 201caccredited investor 201d as defined in regulation d promulgated under the securities act of 1933 , and that the common stock was being acquired for investment . we did not engage in a general solicitation or advertising with regard to the issuances of the common stock and have not offered securities to the public in connection with the issuances . see item 1 . business 2014citadel investment . performance graph the following performance graph shows the cumulative total return to a holder of the company 2019s common stock , assuming dividend reinvestment , compared with the cumulative total return , assuming dividend reinvestment , of the standard & poor 2019s ( 201cs&p 201d ) 500 and the s&p super cap diversified financials during the period from december 31 , 2002 through december 31 , 2007. .
||12/02|12/03|12/04|12/05|12/06|12/07|
|e*trade financial corporation|100.00|260.29|307.61|429.22|461.32|73.05|
|s&p 500|100.00|128.68|142.69|149.70|173.34|182.87|
|s&p super cap diversified financials|100.00|139.29|156.28|170.89|211.13|176.62|
2022 $ 100 invested on 12/31/02 in stock or index-including reinvestment of dividends . fiscal year ending december 31 . 2022 copyright a9 2008 , standard & poor 2019s , a division of the mcgraw-hill companies , inc . all rights reserved . www.researchdatagroup.com/s&p.htm .
Question: what was the percent of the growth in the total cumulative value of the common stock for e*trade financial corporation from 2004 to 2005 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.12727 | Context:loss on the contract may be recorded , if necessary , and any remaining deferred implementation revenues would typically be recognized over the remaining service period through the termination date . in connection with our long-term outsourcing service agreements , highly customized implementation efforts are often necessary to set up clients and their human resource or benefit programs on our systems and operating processes . for outsourcing services sold separately or accounted for as a separate unit of accounting , specific , incremental and direct costs of implementation incurred prior to the services commencing are generally deferred and amortized over the period that the related ongoing services revenue is recognized . deferred costs are assessed for recoverability on a periodic basis to the extent the deferred cost exceeds related deferred revenue . pensions we sponsor defined benefit pension plans throughout the world . our most significant plans are located in the u.s. , the u.k. , the netherlands and canada . our significant u.s. , u.k. , netherlands and canadian pension plans are closed to new entrants . we have ceased crediting future benefits relating to salary and service for our u.s. , u.k. , netherlands and canadian plans to the extent statutorily permitted . in 2016 , we estimate pension and post-retirement net periodic benefit cost for major plans to increase by $ 15 million to a benefit of approximately $ 54 million . the increase in the benefit is primarily due to a change in our approach to measuring service and interest cost . effective december 31 , 2015 and for 2016 expense , we have elected to utilize a full yield curve approach in the estimation of the service and interest cost components of net periodic pension and post-retirement benefit cost for our major pension and other post-retirement benefit plans by applying the specific spot rates along the yield curve used in the determination of the benefit obligation to the relevant projected cash flows . in 2015 and prior years , we estimated these components of net periodic pension and post-retirement benefit cost by applying a single weighted-average discount rate , derived from the yield curve used to measure the benefit obligation at the beginning of the period . we have made this change to improve the correlation between projected benefit cash flows and the corresponding yield curve spot rates and to provide a more precise measurement of service and interest costs . this change does not affect the measurement of the projected benefit obligation as the change in the service cost and interest cost is completely offset in the actuarial ( gain ) loss recorded in other comprehensive income . we accounted for this change as a change in estimate and , accordingly , will account for it prospectively . recognition of gains and losses and prior service certain changes in the value of the obligation and in the value of plan assets , which may occur due to various factors such as changes in the discount rate and actuarial assumptions , actual demographic experience and/or plan asset performance are not immediately recognized in net income . such changes are recognized in other comprehensive income and are amortized into net income as part of the net periodic benefit cost . unrecognized gains and losses that have been deferred in other comprehensive income , as previously described , are amortized into compensation and benefits expense as a component of periodic pension expense based on the average life expectancy of the u.s. , the netherlands , canada , and u.k . plan members . we amortize any prior service expense or credits that arise as a result of plan changes over a period consistent with the amortization of gains and losses . as of december 31 , 2015 , our pension plans have deferred losses that have not yet been recognized through income in the consolidated financial statements . we amortize unrecognized actuarial losses outside of a corridor , which is defined as 10% ( 10 % ) of the greater of market-related value of plan assets or projected benefit obligation . to the extent not offset by future gains , incremental amortization as calculated above will continue to affect future pension expense similarly until fully amortized . the following table discloses our unrecognized actuarial gains and losses , the number of years over which we are amortizing the experience loss , and the estimated 2016 amortization of loss by country ( amounts in millions ) : .
||u.k .|u.s .|other|
|unrecognized actuarial gains and losses|$ 1511|$ 1732|$ 382|
|amortization period ( in years )|10 - 32|7 - 28|15 - 41|
|estimated 2016 amortization of loss|$ 37|$ 52|$ 10|
the unrecognized prior service cost ( income ) at december 31 , 2015 was $ 9 million , $ 46 million , and $ ( 7 ) million in the u.s. , u.k . and other plans , respectively . for the u.s . pension plans we use a market-related valuation of assets approach to determine the expected return on assets , which is a component of net periodic benefit cost recognized in the consolidated statements of income . this approach .
Question: in 2015 what was the ratio of the unrecognized prior service cost to the income | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.1607 | Context:operating expenses operating expenses were $ 2.9 billion , an increase of 8% ( 8 % ) over 2000 . adjusted for the formation of citistreet , operating expenses grew 10% ( 10 % ) . expense growth in 2001 of 10% ( 10 % ) is significantly lower than the comparable 20% ( 20 % ) expense growth for 2000 compared to 1999 . state street successfully reduced the growth rate of expenses as revenue growth slowed during the latter half of 2000 and early 2001 . the expense growth in 2001 reflects higher expenses for salaries and employee benefits , as well as information systems and communications . o p e r a t i n g e x p e n s e s ( dollars in millions ) 2001 2000 1999 change adjusted change 00-01 ( 1 ) .
|( dollars in millions )|2001|2000|1999|change 00-01|adjusted change 00-01 ( 1 )|
|salaries and employee benefits|$ 1663|$ 1524|$ 1313|9% ( 9 % )|11% ( 11 % )|
|information systems and communications|365|305|287|20|22|
|transaction processing services|247|268|237|-8 ( 8 )|-7 ( 7 )|
|occupancy|229|201|188|15|16|
|other|363|346|311|5|7|
|total operating expenses|$ 2867|$ 2644|$ 2336|8|10|
|number of employees|19753|17604|17213|12||
( 1 ) 2000 results adjusted for the formation of citistreet expenses related to salaries and employee benefits increased $ 139million in 2001 , or $ 163millionwhen adjusted for the formation of citistreet . the adjusted increase reflects more than 2100 additional staff to support the large client wins and new business from existing clients and acquisitions . this expense increase was partially offset by lower incentive-based compensation . information systems and communications expense was $ 365 million in 2001 , up 20% ( 20 % ) from the prior year . adjusted for the formation of citistreet , information systems and communications expense increased 22% ( 22 % ) . this growth reflects both continuing investment in software and hardware , aswell as the technology costs associated with increased staffing levels . expenses related to transaction processing services were $ 247 million , down $ 21 million , or 8% ( 8 % ) . these expenses are volume related and include external contract services , subcustodian fees , brokerage services and fees related to securities settlement . lower mutual fund shareholder activities , and lower subcustodian fees resulting from both the decline in asset values and lower transaction volumes , drove the decline . occupancy expensewas $ 229million , up 15% ( 15 % ) . the increase is due to expenses necessary to support state street 2019s global growth , and expenses incurred for leasehold improvements and other operational costs . other expenses were $ 363 million , up $ 17 million , or 5% ( 5 % ) . these expenses include professional services , advertising and sales promotion , and internal operational expenses . the increase over prior year is due to a $ 21 million increase in the amortization of goodwill , primarily from acquisitions in 2001 . in accordance with recent accounting pronouncements , goodwill amortization expense will be eliminated in 2002 . state street recorded approximately $ 38 million , or $ .08 per share after tax , of goodwill amortization expense in 2001 . state street 2019s cost containment efforts , which reduced discretionary spending , partially offset the increase in other expenses . state street corporation 9 .
Question: what was the percent change in salaries and employee benefits between 1999 and 2000? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
11171.0 | Context:dividends is subject to the discretion of the board of directors and will depend on various factors , including our net income , financial condition , cash requirements , future prospects , and other relevant factors . we expect to continue the practice of paying regular cash dividends . during 2005 , we repaid $ 589 million in debt , primarily consisting of paydowns of commercial paper , scheduled principal payments on capital lease obligations , and repayments of debt that was previously assumed with the acquisitions of lynx express ltd . and overnite corp . issuances of debt were $ 128 million in 2005 , and consisted primarily of loans related to our investment in certain equity-method real estate partnerships . we consider the overall fixed and floating interest rate mix of our portfolio and the related overall cost of borrowing when planning for future issuances and non-scheduled repayments of debt . sources of credit we maintain two commercial paper programs under which we are authorized to borrow up to $ 7.0 billion in the united states . we had $ 739 million outstanding under these programs as of december 31 , 2005 , with an average interest rate of 4.01% ( 4.01 % ) . the entire balance outstanding has been classified as a current liability in our balance sheet . we also maintain a european commercial paper program under which we are authorized to borrow up to 20ac1.0 billion in a variety of currencies . there were no amounts outstanding under this program as of december 31 , 2005 . we maintain two credit agreements with a consortium of banks . these agreements provide revolving credit facilities of $ 1.0 billion each , with one expiring on april 20 , 2006 and the other on april 21 , 2010 . interest on any amounts we borrow under these facilities would be charged at 90-day libor plus 15 basis points . there were no borrowings under either of these agreements as of december 31 , 2005 . in august 2003 , we filed a $ 2.0 billion shelf registration statement under which we may issue debt securities in the united states . there was approximately $ 126 million issued under this shelf registration statement at december 31 , 2005 , all of which consists of issuances under our ups notes program . our existing debt instruments and credit facilities do not have cross-default or ratings triggers , however these debt instruments and credit facilities do subject us to certain financial covenants . these covenants generally require us to maintain a $ 3.0 billion minimum net worth and limit the amount of secured indebtedness available to the company . these covenants are not considered material to the overall financial condition of the company , and all covenant tests were satisfied as of december 31 , 2005 . commitments we have contractual obligations and commitments in the form of operating leases , capital leases , debt obligations , purchase commitments , and certain other liabilities . we intend to satisfy these obligations through the use of cash flow from operations . the following table summarizes our contractual obligations and commitments as of december 31 , 2005 ( in millions ) : capitalized leases operating leases principal purchase commitments liabilities .
|year|capitalized leases|operating leases|debt principal|purchase commitments|other liabilities|
|2006|$ 64|$ 403|$ 774|$ 1280|$ 48|
|2007|107|348|70|826|68|
|2008|115|248|37|738|69|
|2009|66|176|104|652|65|
|2010|61|126|30|478|62|
|after 2010|1|544|2637|689|285|
|total|$ 414|$ 1845|$ 3652|$ 4663|$ 597|
.
Question: what is the total of contractual obligations and commitments as of december 31 , 2005 , in millions? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.30682 | Context:other long term debt in december 2012 , the company entered into a $ 50.0 million recourse loan collateralized by the land , buildings and tenant improvements comprising the company 2019s corporate headquarters . the loan has a seven year term and maturity date of december 2019 . the loan bears interest at one month libor plus a margin of 1.50% ( 1.50 % ) , and allows for prepayment without penalty . the loan includes covenants and events of default substantially consistent with the company 2019s credit agreement discussed above . the loan also requires prior approval of the lender for certain matters related to the property , including transfers of any interest in the property . as of december 31 , 2017 and 2016 , the outstanding balance on the loan was $ 40.0 million and $ 42.0 million , respectively . the weighted average interest rate on the loan was 2.5% ( 2.5 % ) and 2.0% ( 2.0 % ) for the years ended december 31 , 2017 and 2016 , respectively . the following are the scheduled maturities of long term debt as of december 31 , 2017 : ( in thousands ) .
|2018|$ 27000|
|2019|63000|
|2020|25000|
|2021|86250|
|2022|2014|
|2023 and thereafter|600000|
|total scheduled maturities of long term debt|$ 801250|
|current maturities of long term debt|$ 27000|
interest expense , net was $ 34.5 million , $ 26.4 million , and $ 14.6 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities . amortization of deferred financing costs was $ 1.3 million , $ 1.2 million , and $ 0.8 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities . 7 . commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases . the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments . the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2017 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes . the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2017 as well as .
Question: what is the percentage increase in interest expense from 2016 to 2017? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.311 | 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 difference in percentage cumulative total return between citi common stock and the s&p 500 for the five years ended december 31 , 2016? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
8.9 | Context:edwards lifesciences corporation notes to consolidated financial statements ( continued ) 2 . summary of significant accounting policies ( continued ) interim periods therein . the new guidance can be applied retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of the change recognized at the date of the initial application . the company is currently assessing the impact this guidance will have on its consolidated financial statements , and has not yet selected a transition method . 3 . change in accounting principle effective january 1 , 2014 , the company changed its method of accounting for certain intellectual property litigation expenses related to the defense and enforcement of its issued patents . previously , the company capitalized these legal costs if a favorable outcome in the patent defense was determined to be probable , and amortized the capitalized legal costs over the life of the related patent . as of december 31 , 2013 , the company had remaining unamortized capitalized legal costs of $ 23.7 million , which , under the previous accounting method , would have been amortized through 2021 . under the new method of accounting , these legal costs are expensed in the period they are incurred . the company has retrospectively adjusted the comparative financial statements of prior periods to apply this new method of accounting . the company believes this change in accounting principle is preferable because ( 1 ) as more competitors enter the company 2019s key product markets and the threat of complex intellectual property litigation across multiple jurisdictions increases , it will become more difficult for the company to accurately assess the probability of a favorable outcome in such litigation , and ( 2 ) it will enhance the comparability of the company 2019s financial results with those of its peer group because it is the predominant accounting practice in the company 2019s industry . the accompanying consolidated financial statements and related notes have been adjusted to reflect the impact of this change retrospectively to all prior periods presented . the cumulative effect of the change in accounting principle was a decrease in retained earnings of $ 10.5 million as of january 1 , 2012 . the following tables present the effects of the retrospective application of the change in accounting principle ( in millions ) : .
|consolidated balance sheet|as of december 31 2013 as reported|as of december 31 2013 as adjusted|
|other intangible assets net|$ 57.2|$ 33.5|
|deferred income taxes|70.1|79.0|
|total assets|2724.7|2709.9|
|retained earnings|2045.6|2030.8|
|total stockholders' equity|1559.2|1544.4|
|total liabilities and stockholders' equity|2724.7|2709.9|
.
Question: what was the affect of the change in accounting principles on differed income taxes in millions? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-4.03313 | Context:page 73 of 98 notes to consolidated financial statements ball corporation and subsidiaries 15 . shareholders 2019 equity at december 31 , 2006 , the company had 550 million shares of common stock and 15 million shares of preferred stock authorized , both without par value . preferred stock includes 120000 authorized but unissued shares designated as series a junior participating preferred stock . under the company 2019s shareholder rights agreement dated july 26 , 2006 , one preferred stock purchase right ( right ) is attached to each outstanding share of ball corporation common stock . subject to adjustment , each right entitles the registered holder to purchase from the company one one-thousandth of a share of series a junior participating preferred stock at an exercise price of $ 185 per right . if a person or group acquires 10 percent or more of the company 2019s outstanding common stock ( or upon occurrence of certain other events ) , the rights ( other than those held by the acquiring person ) become exercisable and generally entitle the holder to purchase shares of ball corporation common stock at a 50 percent discount . the rights , which expire in 2016 , are redeemable by the company at a redemption price of $ 0.001 per right and trade with the common stock . exercise of such rights would cause substantial dilution to a person or group attempting to acquire control of the company without the approval of ball 2019s board of directors . the rights would not interfere with any merger or other business combinations approved by the board of directors . the company reduced its share repurchase program in 2006 to $ 45.7 million , net of issuances , compared to $ 358.1 million net repurchases in 2005 and $ 50 million in 2004 . the net repurchases in 2006 did not include a forward contract entered into in december 2006 for the repurchase of 1200000 shares . the contract was settled on january 5 , 2007 , for $ 51.9 million in cash . in connection with the employee stock purchase plan , the company contributes 20 percent of up to $ 500 of each participating employee 2019s monthly payroll deduction toward the purchase of ball corporation common stock . company contributions for this plan were $ 3.2 million in 2006 , $ 3.2 million in 2005 and $ 2.7 million in 2004 . accumulated other comprehensive earnings ( loss ) the activity related to accumulated other comprehensive earnings ( loss ) was as follows : ( $ in millions ) foreign currency translation pension and postretirement items , net of tax effective financial derivatives , net of tax accumulated comprehensive earnings ( loss ) .
|( $ in millions )|foreign currency translation|pension and other postretirement items net of tax|effective financial derivatives net of tax|accumulated other comprehensive earnings ( loss )|
|december 31 2003|$ 80.7|$ -93.1 ( 93.1 )|$ 11.0|$ -1.4 ( 1.4 )|
|2004 change|68.2|-33.2 ( 33.2 )|-0.4 ( 0.4 )|34.6|
|december 31 2004|148.9|-126.3 ( 126.3 )|10.6|33.2|
|2005 change|-74.3 ( 74.3 )|-43.6 ( 43.6 )|-16.0 ( 16.0 )|-133.9 ( 133.9 )|
|december 31 2005|74.6|-169.9 ( 169.9 )|-5.4 ( 5.4 )|-100.7 ( 100.7 )|
|2006 change|57.2|8.0|6.0|71.2|
|december 31 2006|$ 131.8|$ -161.9 ( 161.9 )|$ 0.6|$ -29.5 ( 29.5 )|
notwithstanding the 2005 distribution pursuant to the jobs act , management 2019s intention is to indefinitely reinvest foreign earnings . therefore , no taxes have been provided on the foreign currency translation component for any period . the change in the minimum pension liability is presented net of related tax expense of $ 2.9 million for 2006 and related tax benefits of $ 27.3 million and $ 20.8 million for 2005 and 2004 , respectively . the change in the effective financial derivatives is presented net of related tax expense of $ 5.7 million for 2006 , related tax benefit of $ 10.7 million for 2005 and related tax benefit of $ 0.2 million for 2004. .
Question: what was the percentage change in accumulated other comprehensive earnings ( loss ) between 2004 and 2005?\\n | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-0.07466 | Context:state street corporation notes to consolidated financial statements ( continued ) with respect to the 5.25% ( 5.25 % ) subordinated bank notes due 2018 , state street bank is required to make semi- annual interest payments on the outstanding principal balance of the notes on april 15 and october 15 of each year , and the notes qualify for inclusion in tier 2 regulatory capital under current federal regulatory capital guidelines . with respect to the 5.30% ( 5.30 % ) subordinated notes due 2016 and the floating-rate subordinated notes due 2015 , state street bank is required to make semi-annual interest payments on the outstanding principal balance of the 5.30% ( 5.30 % ) subordinated notes on january 15 and july 15 of each year , and quarterly interest payments on the outstanding principal balance of the floating-rate notes on march 8 , june 8 , september 8 and december 8 of each year . each of the subordinated notes qualifies for inclusion in tier 2 regulatory capital under current federal regulatory capital guidelines . note 11 . commitments , guarantees and contingencies commitments : we had unfunded off-balance sheet commitments to extend credit totaling $ 21.30 billion and $ 17.86 billion as of december 31 , 2013 and 2012 , respectively . the potential losses associated with these commitments equal the gross contractual amounts , and do not consider the value of any collateral . approximately 75% ( 75 % ) of our unfunded commitments to extend credit expire within one year from the date of issue . since many of these commitments are expected to expire or renew without being drawn upon , the gross contractual amounts do not necessarily represent our future cash requirements . guarantees : off-balance sheet guarantees are composed of indemnified securities financing , stable value protection , unfunded commitments to purchase assets , and standby letters of credit . the potential losses associated with these guarantees equal the gross contractual amounts , and do not consider the value of any collateral . the following table presents the aggregate gross contractual amounts of our off-balance sheet guarantees as of december 31 , 2013 and 2012 . amounts presented do not reflect participations to independent third parties. .
|( in millions )|2013|2012|
|indemnified securities financing|$ 320078|$ 302341|
|stable value protection|24906|33512|
|asset purchase agreements|4685|5063|
|standby letters of credit|4612|4552|
indemnified securities financing on behalf of our clients , we lend their securities , as agent , to brokers and other institutions . in most circumstances , we indemnify our clients for the fair market value of those securities against a failure of the borrower to return such securities . we require the borrowers to maintain collateral in an amount equal to or in excess of 100% ( 100 % ) of the fair market value of the securities borrowed . securities on loan and the collateral are revalued daily to determine if additional collateral is necessary or if excess collateral is required to be returned to the borrower . collateral received in connection with our securities lending services is held by us as agent and is not recorded in our consolidated statement of condition . the cash collateral held by us as agent is invested on behalf of our clients . in certain cases , the cash collateral is invested in third-party repurchase agreements , for which we indemnify the client against loss of the principal invested . we require the counterparty to the indemnified repurchase agreement to provide collateral in an amount equal to or in excess of 100% ( 100 % ) of the amount of the repurchase agreement . in our role as agent , the indemnified repurchase agreements and the related collateral held by us are not recorded in our consolidated statement of condition. .
Question: what is the percentage change in the balance of asset purchase agreements from 2012 to 2013? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-0.01 | Context:operating expenses as a percentage of total revenue .
||2006|2005|2004|
|marketing and sales|27% ( 27 % )|28% ( 28 % )|28% ( 28 % )|
|research and development|31% ( 31 % )|29% ( 29 % )|31% ( 31 % )|
|general and administrative|10% ( 10 % )|10% ( 10 % )|7% ( 7 % )|
operating expense summary 2006 compared to 2005 overall operating expenses increased $ 122.5 million in 2006 , as compared to 2005 , primarily due to : 2022 an increase of $ 58.4 million in stock-based compensation expense due to our adoption of sfas no . 123r ; and 2022 an increase of $ 49.2 million in salary , benefits and other employee-related costs , primarily due to an increased number of employees and increases in bonus and commission costs , in part due to our acquisition of verisity ltd. , or verisity , in the second quarter of 2005 . 2005 compared to 2004 operating expenses increased $ 97.4 million in 2005 , as compared to 2004 , primarily due to : 2022 an increase of $ 63.3 million in employee salary and benefit costs , primarily due to our acquisition of verisity and increased bonus and commission costs ; 2022 an increase of $ 9.9 million in stock-based compensation expense due to grants of restricted stock and the assumption of options in our acquisitions ; 2022 an increase of $ 8.6 million in losses associated with the sale of installment contract receivables ; and 2022 an increase of $ 7.1 million in costs related to the retirement of our executive chairman and former president and chief executive officer in 2005 ; partially offset by 2022 our restructuring activities , as discussed below . marketing and sales 2006 compared to 2005 marketing and sales expenses increased $ 39.4 million in 2006 , as compared to 2005 , primarily due to : 2022 an increase of $ 14.8 million in stock-based compensation expense due to our adoption of sfas no . 123r ; 2022 an increase of $ 18.2 million in employee salary , commissions , benefits and other employee-related costs due to increased hiring of sales and technical personnel , and higher commissions earned resulting from an increase in 2006 sales performance ; and 2022 an increase of $ 7.8 million in marketing programs and customer-focused conferences due to our new marketing initiatives and increased travel to visit our customers . 2005 compared to 2004 marketing and sales expenses increased $ 33.1 million in 2005 , as compared to 2004 , primarily due to : 2022 an increase of $ 29.4 million in employee salary , commission and benefit costs due to increased hiring of sales and technical personnel and higher employee bonuses and commissions ; and 2022 an increase of $ 1.6 million in stock-based compensation expense due to grants of restricted stock and the assumption of options in our acquisitions ; partially offset by 2022 a decrease of $ 1.9 million in marketing program costs. .
Question: what was the change in marketing and sales expenses as a percentage of total revenue from 2005 to 2006? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.0 | Context:schlumberger limited and subsidiaries shares of common stock ( stated in millions ) issued in treasury shares outstanding .
||issued|in treasury|shares outstanding|
|balance january 1 2009|1334|-140 ( 140 )|1194|
|shares sold to optionees less shares exchanged|2013|4|4|
|vesting of restricted stock|2013|1|1|
|shares issued under employee stock purchase plan|2013|4|4|
|stock repurchase program|2013|-8 ( 8 )|-8 ( 8 )|
|balance december 31 2009|1334|-139 ( 139 )|1195|
|acquisition of smith international inc .|100|76|176|
|shares sold to optionees less shares exchanged|2013|6|6|
|shares issued under employee stock purchase plan|2013|3|3|
|stock repurchase program|2013|-27 ( 27 )|-27 ( 27 )|
|issued on conversions of debentures|2013|8|8|
|balance december 31 2010|1434|-73 ( 73 )|1361|
|shares sold to optionees less shares exchanged|2013|6|6|
|vesting of restricted stock|2013|1|1|
|shares issued under employee stock purchase plan|2013|3|3|
|stock repurchase program|2013|-37 ( 37 )|-37 ( 37 )|
|balance december 31 2011|1434|-100 ( 100 )|1334|
see the notes to consolidated financial statements .
Question: what was the net change in shares outstanding during 2011? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
133.5 | Context:marathon oil corporation notes to consolidated financial statements 7 . dispositions outside-operated norwegian properties 2013 on october 31 , 2008 , we closed the sale of our norwegian outside-operated 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 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 . operated irish properties 2013 on december 17 , 2008 , we agreed to sell our operated properties located in ireland for proceeds of $ 180 million , before post-closing adjustments and cash on hand at closing . closing is subject to completion of the necessary administrative processes . as of december 31 , 2008 , operating assets and liabilities were classified as held for sale , as disclosed by major class in the following table : ( in millions ) 2008 .
|( in millions )|2008|
|current assets|$ 164|
|noncurrent assets|103|
|total assets|267|
|current liabilities|62|
|noncurrent liabilities|199|
|total liabilities|261|
|net assets held for sale|$ 6|
8 . discontinued operations on june 2 , 2006 , we sold our russian oil exploration and production businesses in the khanty-mansiysk region of western siberia . under the terms of the agreement , we received $ 787 million for these businesses , plus preliminary working capital and other closing adjustments of $ 56 million , for a total transaction value of $ 843 million . proceeds net of transaction costs and cash held by the russian businesses at the transaction date totaled $ 832 million . a gain on the sale of $ 243 million ( $ 342 million before income taxes ) was reported in discontinued operations for 2006 . income taxes on this gain were reduced by the utilization of a capital loss carryforward . exploration and production segment goodwill of $ 21 million was allocated to the russian assets and reduced the reported gain . adjustments to the sales price were completed in 2007 and an additional gain on the sale of $ 8 million ( $ 13 million before income taxes ) was recognized . the activities of the russian businesses have been reported as discontinued operations in the consolidated statements of income and the consolidated statements of cash flows for 2006 . revenues applicable to discontinued operations were $ 173 million and pretax income from discontinued operations was $ 45 million for 2006. .
Question: as of december 31 , 2008 what was the average of current assets and \\nnoncurrent assets , in millions? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.22883 | 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: considering the years 2012 and 2013 , what is the increase observed in the service cost? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-0.60145 | Context:certain mortgage loans citigroup has elected the fair value option for certain purchased and originated prime fixed-rate and conforming adjustable-rate first mortgage loans held-for-sale . these loans are intended for sale or securitization and are hedged with derivative instruments . the company has elected the fair value option to mitigate accounting mismatches in cases where hedge .
|in millions of dollars|december 31 2009|december 31 2008|
|carrying amount reported on the consolidated balance sheet|$ 3338|$ 4273|
|aggregate fair value in excess of unpaid principalbalance|55|138|
|balance of non-accrual loans or loans more than 90 days past due|4|9|
|aggregate unpaid principal balance in excess of fair value for non-accrualloans or loans more than 90 days past due|3|2|
the changes in fair values of these mortgage loans are reported in other revenue in the company 2019s consolidated statement of income . the changes in fair value during the years ended december 31 , 2009 and 2008 due to instrument-specific credit risk resulted in a $ 10 million loss and $ 32 million loss , respectively . related interest income continues to be measured based on the contractual interest rates and reported as such in the consolidated statement of income . mortgage servicing rights the company accounts for mortgage servicing rights ( msrs ) at fair value . fair value for msrs is determined using an option-adjusted spread valuation approach . this approach consists of projecting servicing cash flows under multiple interest-rate scenarios and discounting these cash flows using risk-adjusted rates . the model assumptions used in the valuation of msrs include mortgage prepayment speeds and discount rates . the fair value of msrs is primarily affected by changes in prepayments that result from shifts in mortgage interest rates . in managing this risk , the company hedges a significant portion of the values of its msrs through the use of interest-rate derivative contracts , forward-purchase commitments of mortgage-backed securities , and purchased securities classified as trading . see note 23 to the consolidated financial statements for further discussions regarding the accounting and reporting of msrs . these msrs , which totaled $ 6.5 billion and $ 5.7 billion as of december 31 , 2009 and 2008 , respectively , are classified as mortgage servicing rights on citigroup 2019s consolidated balance sheet . changes in fair value of msrs are recorded in commissions and fees in the company 2019s consolidated statement of income . certain structured liabilities the company has elected the fair value option for certain structured liabilities whose performance is linked to structured interest rates , inflation or currency risks ( 201cstructured liabilities 201d ) . the company elected the fair value option , because these exposures are considered to be trading-related positions and , therefore , are managed on a fair value basis . these positions will continue to be classified as debt , deposits or derivatives ( trading account liabilities ) on the company 2019s consolidated balance sheet according to their legal form . for those structured liabilities classified as long-term debt for which the fair value option has been elected , the aggregate unpaid principal balance exceeded the aggregate fair value by $ 125 million and $ 671 million as of december 31 , 2009 and 2008 , respectively . the change in fair value for these structured liabilities is reported in principal transactions in the company 2019s consolidated statement of income . related interest expense is measured based on the contractual interest rates and reported as such in the consolidated income statement . certain non-structured liabilities the company has elected the fair value option for certain non-structured liabilities with fixed and floating interest rates ( 201cnon-structured liabilities 201d ) . the company has elected the fair value option where the interest-rate risk of such liabilities is economically hedged with derivative contracts or the proceeds are used to purchase financial assets that will also be accounted for at fair value through earnings . the election has been made to mitigate accounting mismatches and to achieve operational simplifications . these positions are reported in short-term borrowings and long-term debt on the company 2019s consolidated balance sheet . for those non-structured liabilities classified as short-term borrowings for which the fair value option has been elected , the aggregate unpaid principal balance exceeded the aggregate fair value of such instruments by $ 220 million as of december 31 , 2008 . for non-structured liabilities classified as long-term debt for which the fair value option has been elected , the aggregate unpaid principal balance exceeded the aggregate fair value by $ 1542 million and $ 856 million as of december 31 , 2009 and 2008 , respectively . the change in fair value for these non-structured liabilities is reported in principal transactions in the company 2019s consolidated statement of income . related interest expense continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement . accounting is complex and to achieve operational simplifications . the fair value option was not elected for loans held-for-investment , as those loans are not hedged with derivative instruments . the following table provides information about certain mortgage loans carried at fair value: .
Question: what was the percentage decline in aggregate fair value in excess of unpaid principal balance for the loans accounted for with the fair value option from 2008 to 2009 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.06638 | Context:table of contents notes to consolidated financial statements of american airlines , inc . the asset . projected cash flows are discounted at a required market rate of return that reflects the relative risk of achieving the cash flows and the time value of money . the cost approach , which estimates value by determining the current cost of replacing an asset with another of equivalent economic utility , was used , as appropriate , for certain assets for which the market and income approaches could not be applied due to the nature of the asset . the cost to replace a given asset reflects the estimated reproduction or replacement cost for the asset , less an allowance for loss in value due to depreciation . the fair value of us airways 2019 dividend miles loyalty program liability was determined based on the weighted average equivalent ticket value of outstanding miles which were expected to be redeemed for future travel at december 9 , 2013 . the weighted average equivalent ticket value contemplates differing classes of service , domestic and international itineraries and the carrier providing the award travel . pro-forma impact of the merger american 2019s unaudited pro-forma results presented below include the effects of the merger as if it had been consummated as of january 1 , 2012 . the pro- forma results include the depreciation and amortization associated with the acquired tangible and intangible assets , lease and debt fair value adjustments , the elimination of any deferred gains or losses , adjustments relating to reflecting the fair value of the loyalty program liability and the impact of income changes on profit sharing expense , among others . in addition , the pro-forma results below reflect the impact of higher wage rates related to memorandums of understanding with us airways 2019 pilots that became effective upon closing of the merger , as well as the elimination of american 2019s reorganization items , net and merger transition costs . however , the pro-forma results do not include any anticipated synergies or other expected benefits of the merger . accordingly , the unaudited pro-forma financial information below is not necessarily indicative of either future results of operations or results that might have been achieved had the acquisition been consummated as of january 1 , 2012 . december 31 , ( in millions ) .
||december 31 2013 ( in millions )|
|revenue|$ 40782|
|net income|2707|
5 . basis of presentation and summary of significant accounting policies ( a ) basis of presentation on december 30 , 2015 , us airways merged with and into american , which is reflected in american 2019s consolidated financial statements as though the transaction had occurred on december 9 , 2013 , when a subsidiary of amr merged with and into us airways group . thus , the full years of 2015 and 2014 and the period from december 9 , 2013 to december 31 , 2013 are comprised of the consolidated financial data of american and us airways . for the periods prior to december 9 , 2013 , the financial data reflects the results of american only . for financial reporting purposes , the transaction constituted a transfer of assets between entities under common control and was accounted for in a manner similar to the pooling of interests method of accounting . under this method , the carrying amount of net assets recognized in the balance sheets of each combining entity are carried forward to the balance sheet of the combined entity and no other assets or liabilities are recognized . the preparation of financial statements in accordance with accounting principles generally accepted in the united states ( gaap ) requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities , revenues and expenses , and the disclosure of contingent assets and liabilities at the date of the financial statements . actual results could differ from those estimates . the most significant areas of judgment relate to passenger revenue recognition , impairment of goodwill , impairment of long-lived and .
Question: what was the net profit margin on december 312013 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
4.05263 | Context:a black-scholes option-pricing model was used for purposes of estimating the fair value of state street 2019s employee stock options at the grant date . the following were the weighted average assumptions for the years ended december 31 , 2001 , 2000 and 1999 , respectively : risk-free interest rates of 3.99% ( 3.99 % ) , 5.75% ( 5.75 % ) and 5.90% ( 5.90 % ) ; dividend yields of 1.08% ( 1.08 % ) , .73% ( .73 % ) and .92% ( .92 % ) ; and volatility factors of the expected market price of state street common stock of .30 , .30 and .30 . the estimated weighted average life of the stock options granted was 4.1 years for the years ended december 31 , 2001 , 2000 and 1999 . o t h e r u n r e a l i z e d c o m p r e h e n s i v e i n c o m e ( l o s s ) at december 31 , the components of other unrealized comprehensive income ( loss ) , net of related taxes , were as follows: .
|( dollars in millions )|2001|2000|
|unrealized gain on available-for-sale securities|$ 96|$ 19|
|foreign currency translation|-27 ( 27 )|-20 ( 20 )|
|other|1||
|total|$ 70|$ -1 ( 1 )|
note j shareholders 2019 rights plan in 1988 , state street declared a dividend of one preferred share purchase right for each outstanding share of common stock . in 1998 , the rights agreement was amended and restated , and in 2001 , the rights plan was impacted by the 2-for-1 stock split . accordingly , a right may be exercised , under certain conditions , to purchase one eight-hundredths share of a series of participating preferred stock at an exercise price of $ 132.50 , subject to adjustment . the rights become exercisable if a party acquires or obtains the right to acquire 10% ( 10 % ) or more of state street 2019s common stock or after commencement or public announcement of an offer for 10% ( 10 % ) or more of state street 2019s common stock . when exercisable , under certain conditions , each right entitles the holder thereof to purchase shares of common stock , of either state street or of the acquirer , having a market value of two times the then-current exercise price of that right . the rights expire in september 2008 , and may be redeemed at a price of $ .00125 per right , subject to adjustment , at any time prior to expiration or the acquisition of 10% ( 10 % ) of state street 2019s common stock . under certain circumstances , the rights may be redeemed after they become exercisable and may be subject to automatic redemption . note k regulatory matters r e g u l a t o r y c a p i t a l state street is subject to various regulatory capital requirements administered by federal banking agencies . failure to meet minimum capital requirements can initiate certain mandatory and discretionary actions by regulators that , if undertaken , could have a direct material effect on state street 2019s financial condition . under capital adequacy guidelines , state street must meet specific capital guidelines that involve quantitative measures of state street 2019s assets , liabilities and off-balance sheet items as calculated under regulatory accounting practices . state street 2019s capital amounts and classification are subject to qualitative judgments by the regulators about components , risk weightings and other factors . 42 state street corporation .
Question: between 2000 and 2001 , what was the percent increase of unrealized gains? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
129525982.82 | Context:page 92 of 98 other information required by item 10 appearing under the caption 201cdirector nominees and continuing directors 201d and 201csection 16 ( a ) beneficial ownership reporting compliance , 201d of the company 2019s proxy statement to be filed pursuant to regulation 14a within 120 days after december 31 , 2006 , is incorporated herein by reference . item 11 . executive compensation the information required by item 11 appearing under the caption 201cexecutive compensation 201d in the company 2019s proxy statement , to be filed pursuant to regulation 14a within 120 days after december 31 , 2006 , is incorporated herein by reference . additionally , the ball corporation 2000 deferred compensation company stock plan , the ball corporation deposit share program and the ball corporation directors deposit share program were created to encourage key executives and other participants to acquire a larger equity ownership interest in the company and to increase their interest in the company 2019s stock performance . non-employee directors also participate in the 2000 deferred compensation company stock plan . item 12 . security ownership of certain beneficial owners and management the information required by item 12 appearing under the caption 201cvoting securities and principal shareholders , 201d in the company 2019s proxy statement to be filed pursuant to regulation 14a within 120 days after december 31 , 2006 , is incorporated herein by reference . securities authorized for issuance under equity compensation plans are summarized below: .
|plan category|equity compensation plan information number of securities to be issued upon exercise of outstanding options warrants and rights ( a )|equity compensation plan information weighted-average exercise price of outstanding options warrants and rights ( b )|equity compensation plan information number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c )|
|equity compensation plans approved by security holders|4852978|$ 26.69|5941210|
|equity compensation plans not approved by security holders|2013|2013|2013|
|total|4852978|$ 26.69|5941210|
item 13 . certain relationships and related transactions the information required by item 13 appearing under the caption 201cratification of the appointment of independent registered public accounting firm , 201d in the company 2019s proxy statement to be filed pursuant to regulation 14a within 120 days after december 31 , 2006 , is incorporated herein by reference . item 14 . principal accountant fees and services the information required by item 14 appearing under the caption 201ccertain committees of the board , 201d in the company 2019s proxy statement to be filed pursuant to regulation 14a within 120 days after december 31 , 2006 , is incorporated herein by reference. .
Question: what is the total value of the shares already issued under the equity compensation plans for 2006? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.13874 | Context:during 2014 , 2013 and 2012 , netherland , sewell & associates , inc . ( "nsai" ) prepared a certification of the prior year's reserves for the alba field in e.g . the nsai summary reports are filed as an exhibit to this annual report on form 10-k . members of the nsai team have multiple years of industry experience , having worked for large , international oil and gas companies before joining nsai . the senior technical advisor has over 35 years of practical experience in petroleum geosciences , with over 15 years experience in the estimation and evaluation of reserves . the second team member has over 10 years of practical experience in petroleum engineering , with 5 years experience in the estimation and evaluation of reserves . both are registered professional engineers in the state of texas . ryder scott company ( "ryder scott" ) also performed audits of the prior years' reserves of several of our fields in 2014 , 2013 and 2012 . their summary reports are filed as exhibits to this annual report on form 10-k . the team lead for ryder scott has over 20 years of industry experience , having worked for a major international oil and gas company before joining ryder scott . he is a member of spe , where he served on the oil and gas reserves committee , and is a registered professional engineer in the state of texas . changes in proved undeveloped reserves as of december 31 , 2014 , 728 mmboe of proved undeveloped reserves were reported , an increase of 101 mmboe from december 31 , 2013 . the following table shows changes in total proved undeveloped reserves for 2014 : ( mmboe ) .
|beginning of year|627|
|revisions of previous estimates|1|
|improved recovery|1|
|purchases of reserves in place|4|
|extensions discoveries and other additions|227|
|dispositions|-29 ( 29 )|
|transfers to proved developed|-103 ( 103 )|
|end of year|728|
significant additions to proved undeveloped reserves during 2014 included 121 mmboe in the eagle ford and 61 mmboe in the bakken shale plays due to development drilling . transfers from proved undeveloped to proved developed reserves included 67 mmboe in the eagle ford , 26 mmboe in the bakken and 1 mmboe in the oklahoma resource basins due to development drilling and completions . costs incurred in 2014 , 2013 and 2012 relating to the development of proved undeveloped reserves , were $ 3149 million , $ 2536 million and $ 1995 million . a total of 102 mmboe was booked as extensions , discoveries or other additions due to the application of reliable technology . technologies included statistical analysis of production performance , decline curve analysis , pressure and rate transient analysis , reservoir simulation and volumetric analysis . the statistical nature of production performance coupled with highly certain reservoir continuity or quality within the reliable technology areas and sufficient proved undeveloped locations establish the reasonable certainty criteria required for booking proved reserves . projects can remain in proved undeveloped reserves for extended periods in certain situations such as large development projects which take more than five years to complete , or the timing of when additional gas compression is needed . of the 728 mmboe of proved undeveloped reserves at december 31 , 2014 , 19 percent of the volume is associated with projects that have been included in proved reserves for more than five years . the majority of this volume is related to a compression project in e.g . that was sanctioned by our board of directors in 2004 . the timing of the installation of compression is being driven by the reservoir performance with this project intended to maintain maximum production levels . performance of this field since the board sanctioned the project has far exceeded expectations . estimates of initial dry gas in place increased by roughly 10 percent between 2004 and 2010 . during 2012 , the compression project received the approval of the e.g . government , allowing design and planning work to progress towards implementation , with completion expected by mid-2016 . the other component of alba proved undeveloped reserves is an infill well approved in 2013 and to be drilled in the second quarter of 2015 . proved undeveloped reserves for the north gialo development , located in the libyan sahara desert , were booked for the first time in 2010 . this development , which is anticipated to take more than five years to develop , is executed by the operator and encompasses a multi-year drilling program including the design , fabrication and installation of extensive liquid handling and gas recycling facilities . anecdotal evidence from similar development projects in the region lead to an expected project execution time frame of more than five years from the time the reserves were initially booked . interruptions associated with the civil unrest in 2011 and third-party labor strikes and civil unrest in 2013-2014 have also extended the project duration . as of december 31 , 2014 , future development costs estimated to be required for the development of proved undeveloped crude oil and condensate , ngls , natural gas and synthetic crude oil reserves related to continuing operations for the years 2015 through 2019 are projected to be $ 2915 million , $ 2598 million , $ 2493 million , $ 2669 million and $ 2745 million. .
Question: by how much did undeveloped reserves increase throughout 2014 ff1f | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.09592 | Context:the fair value of acquired property , plant and equipment , primarily network-related assets , was valued under the replacement cost method , which determines fair value based on the replacement cost of new property with similar capacity , adjusted for physical deterioration over the remaining useful life . goodwill is calculated as the excess of the consideration transferred over the net assets recognized and represents the future economic benefits arising from the other assets acquired that could not be individually identified and separately recognized . goodwill is not deductible for tax purposes . pro forma financial information the following table presents the unaudited pro forma combined results of operations of the company and gdcl for the years ended december 31 , 2016 and december 31 , 2015 as if the acquisition of gdcl had occurred on january 1 , 2016 and january 1 , 2015 , respectively , ( in millions , except per share amounts ) : .
|years ended december 31|2016|2015|
|revenues|$ 6109|$ 6239|
|earnings from continuing operations|586|-166 ( 166 )|
|basic earnings per share from continuing operations|3.46|-0.83 ( 0.83 )|
|diluted earnings per share from continuing operations|3.39|-0.82 ( 0.82 )|
the company did not adjust the effects of an $ 884 million goodwill impairment charge reported in the historic results of gdcl for the year ended december 31 , 2015 on the basis that the goodwill impairment charge was not directly attributable to the acquisition of gdcl by the company . however , this goodwill impairment charge should be highlighted as unusual and non- recurring . the pro forma results are based on estimates and assumptions , which the company believes are reasonable . they are not necessarily indicative of its consolidated results of operations in future periods or the results that actually would have been realized had we been a combined company during the periods presented . the pro forma results include adjustments primarily related to amortization of acquired intangible assets , depreciation , interest expense , and transaction costs expensed during the period . other acquisitions on november 18 , 2014 , the company completed the acquisition of an equipment provider for a purchase price of $ 22 million . during the year ended december 31 , 2015 , the company completed the purchase accounting for this acquisition , recognizing $ 6 million of goodwill and $ 12 million of identifiable intangible assets . these identifiable intangible assets were classified as completed technology to be amortized over five years . during the year ended december 31 , 2015 , the company completed the acquisitions of two providers of public safety software-based solutions for an aggregate purchase price of $ 50 million , recognizing an additional $ 31 million of goodwill , $ 22 million of identifiable intangible assets , and $ 3 million of acquired liabilities related to these acquisitions . the $ 22 million of identifiable intangible assets were classified as : ( i ) $ 11 million completed technology , ( ii ) $ 8 million customer-related intangibles , and ( iii ) $ 3 million of other intangibles . these intangible assets will be amortized over periods ranging from five to ten years . on november 10 , 2016 , the company completed the acquisition of spillman technologies , a provider of comprehensive law enforcement and public safety software solutions , for a gross purchase price of $ 217 million . as a result of the acquisition , the company recognized $ 140 million of goodwill , $ 115 million of identifiable intangible assets , and $ 38 million of acquired liabilities . the identifiable intangible assets were classified as $ 49 million of completed technology , $ 59 million of customer- related intangibles , and $ 7 million of other intangibles and will be amortized over a period of seven to ten years . as of december 31 , 2016 , the purchase accounting is not yet complete . the final allocation may include : ( i ) changes in fair values of acquired goodwill and ( ii ) changes to assets and liabilities . during the year ended december 31 , 2016 , the company completed the acquisition of several software and service-based providers for a total of $ 30 million , recognizing $ 6 million of goodwill , $ 15 million of intangible assets , and $ 9 million of tangible net assets related to the these acquisitions . the $ 15 million of identifiable intangible assets were classified as : ( i ) $ 7 million of completed technology and ( ii ) $ 8 million of customer-related intangibles and will be amortized over a period of five years . as of december 31 , 2016 , the purchase accounting has not been completed for one acquisition which was purchased in late 2016 . as such , an amount of $ 11 million has been recorded within other assets as of december 31 , 2016 . the purchase accounting is expected to be completed in the first quarter of 2017 . the results of operations for these acquisitions have been included in the company 2019s condensed consolidated statements of operations subsequent to the acquisition date . the pro forma effects of these acquisitions are not significant individually or in the aggregate. .
Question: what was the profit margin in 2016 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.11444 | Context:loan commitments ( unfunded loans and unused lines of credit ) , asset purchase agreements , standby letters of credit and letters of credit are issued to accommodate the financing needs of state street 2019s clients and to provide credit enhancements to special purpose entities . loan commitments are agreements by state street to lend monies at a future date . asset purchase agreements are commitments to purchase receivables or securities , subject to conditions established in the agreements , and at december 31 , 2001 , include $ 8.0 billion outstanding to special purpose entities . standby letters of credit and letters of credit commit state street to make payments on behalf of clients and special purpose entities when certain specified events occur . standby letters of credit outstanding to special purpose entities were $ 608 million at december 31 , 2001 . these loan , asset purchase and letter of credit commitments are subject to the same credit policies and reviews as loans . the amount and nature of collateral are obtained based upon management 2019s assessment of the credit risk . approximately 89% ( 89 % ) of the loan commitments and asset purchase agreements expire within one year from the date of issue . sincemany of the commitments are expected to expire or renewwithout being drawn , the total commitment amounts do not necessarily represent future cash requirements . the following is a summary of the contractual amount of credit-related , off-balance sheet financial instruments at december 31: .
|( dollars in millions )|2001|2000|
|indemnified securities on loan|$ 113047|$ 101438|
|loan commitments|12962|11367|
|asset purchase agreements|10366|7112|
|standby letters of credit|3918|4028|
|letters of credit|164|218|
state street corporation 53 .
Question: what percent did indemnified securities on loan increase between 2000 and 2001? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.10818 | 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 $ 32.41 billion and $ 31.94 billion as of december 2012 and december 2011 , 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 $ 300 million of protection had been provided as of both december 2012 and december 2011 . 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 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 . the firm also enters into commitments to provide contingent financing to its clients and counterparties through resale agreements . the firm 2019s funding of these commitments depends on the satisfaction of all contractual conditions to the resale agreement and these commitments can expire unused . investment commitments the firm 2019s investment commitments consist of commitments to invest in private equity , real estate and other assets directly and through funds that the firm raises and manages . these commitments include $ 872 million and $ 1.62 billion as of december 2012 and december 2011 , respectively , related to real estate private investments and $ 6.47 billion and $ 7.50 billion as of december 2012 and december 2011 , respectively , related to corporate and other private investments . of these amounts , $ 6.21 billion and $ 8.38 billion as of december 2012 and december 2011 , respectively , relate to commitments to invest in funds managed by the firm , which will 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 2012 .
|in millions|as of december 2012|
|2013|$ 439|
|2014|407|
|2015|345|
|2016|317|
|2017|306|
|2018 - thereafter|1375|
|total|$ 3189|
rent charged to operating expense for the years ended december 2012 , december 2011 and december 2010 was $ 374 million , $ 475 million and $ 508 million , respectively . 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 2012 annual report 175 .
Question: what percentage of future minimum rental payments is due in 2015? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
16.0 | Context:table of contents the following table discloses purchases of shares of our common stock made by us or on our behalf during the fourth quarter of 2016 . period total number of shares purchased average price paid per share total number of shares not purchased as part of publicly announced plans or programs ( a ) 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 ( b ) .
|period|total numberof sharespurchased|averageprice paidper share|total number ofshares notpurchased as part ofpublicly announcedplans or programs ( a )|total number ofshares purchased aspart of publiclyannounced plans orprograms|approximate dollarvalue of shares thatmay yet be purchasedunder the plans orprograms ( b )|
|october 2016|433272|$ 52.69|50337|382935|$ 2.7 billion|
|november 2016|667644|$ 62.25|248349|419295|$ 2.6 billion|
|december 2016|1559569|$ 66.09|688|1558881|$ 2.5 billion|
|total|2660485|$ 62.95|299374|2361111|$ 2.5 billion|
( a ) the shares reported in this column represent purchases settled in the fourth quarter of 2016 relating to ( i ) our purchases of shares in open-market transactions to meet our obligations under stock-based compensation plans , and ( ii ) our purchases of shares from our employees and non-employee directors in connection with the exercise of stock options , the vesting of restricted stock , and other stock compensation transactions in accordance with the terms of our stock-based compensation plans . ( b ) on july 13 , 2015 , we announced that our board of directors authorized our purchase of up to $ 2.5 billion of our outstanding common stock . this authorization has no expiration date . as of december 31 , 2016 , the approximate dollar value of shares that may yet be purchased under the 2015 authorization is $ 40 million . on september 21 , 2016 , we announced that our board of directors authorized our purchase of up to an additional $ 2.5 billion of our outstanding common stock with no expiration date . as of december 31 , 2016 , no purchases have been made under the 2016 authorization. .
Question: as of december 31 , 2016 what was the percent of the shares outstanding of the 2015 program yet to be purchased | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.06092 | Context:purchases of equity securities the following table provides information about our repurchases of our common stock registered pursuant to section 12 of the securities exchange act of 1934 during the quarter ended december 31 , 2014 . period ( a ) number of shares purchased average price paid per share total number of shares purchased as part of publicly announced plans or programs ( b ) amount available for future share repurchases under the plans or programs ( b ) ( in millions ) .
|period ( a )|total number of shares purchased|average price paid per share|total number of shares purchased as part of publicly announced plans or programs ( b )|amount available for future share repurchases under the plans or programs ( b ) ( in millions )|
|september 29 2014 2013 october 26 2014|399259|$ 176.96|397911|$ 3825|
|october 27 2014 2013 november 30 2014|504300|$ 187.74|456904|$ 3739|
|december 1 2014 2013 december 31 2014|365683|$ 190.81|357413|$ 3671|
|total|1269242 ( c )|$ 185.23|1212228|$ 3671|
total 1269242 ( c ) $ 185.23 1212228 $ 3671 ( a ) we close our books and records on the last sunday of each month to align our financial closing with our business processes , except for the month of december , as our fiscal year ends on december 31 . as a result , our fiscal months often differ from the calendar months . for example , september 29 , 2014 was the first day of our october 2014 fiscal month . ( b ) in october 2010 , our board of directors approved a share repurchase program pursuant to which we are authorized to repurchase our common stock in privately negotiated transactions or in the open market at prices per share not exceeding the then-current market prices . on september 25 , 2014 , our board of directors authorized a $ 2.0 billion increase to the program . under the program , management has discretion to determine the dollar amount of shares to be repurchased and the timing of any repurchases in compliance with applicable law and regulation . we also may make purchases under the program pursuant to rule 10b5-1 plans . the program does not have an expiration date . ( c ) during the quarter ended december 31 , 2014 , the total number of shares purchased included 57014 shares that were transferred to us by employees in satisfaction of minimum tax withholding obligations associated with the vesting of restricted stock units . these purchases were made pursuant to a separate authorization by our board of directors and are not included within the program. .
Question: what is the growth rate in the average price of the purchased shares from october to november 2014? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.32857 | Context:in direct competition with other co2 pipelines . we also compete with other interest owners in the mcelmo dome unit and the bravo dome unit for transportation of co2 to the denver city , texas market area . terminals our terminals segment includes the operations of our petroleum , chemical , ethanol and other liquids terminal facilities ( other than those included in the products pipelines segment ) and all of our coal , petroleum coke , fertilizer , steel , ores and other dry-bulk material services facilities , including all transload , engineering , conveying and other in-plant services . our terminals are located throughout the u.s . and in portions of canada . we believe the location of our facilities and our ability to provide flexibility to customers help attract new and retain existing customers at our terminals and provide us opportunities for expansion . we often classify our terminal operations based on the handling of either liquids or dry-bulk material products . in addition , we have jones act qualified product tankers that provide marine transportation of crude oil , condensate and refined products in the u.s . the following summarizes our terminals segment assets , as of december 31 , 2014 : number capacity ( mmbbl ) .
||number|capacity ( mmbbl )|
|liquids terminals|39|78.0|
|bulk terminals|78|n/a|
|materials services locations|8|n/a|
|jones act qualified tankers|7|2.3|
competition we are one of the largest independent operators of liquids terminals in the u.s , based on barrels of liquids terminaling capacity . our liquids terminals compete with other publicly or privately held independent liquids terminals , and terminals owned by oil , chemical and pipeline companies . our bulk terminals compete with numerous independent terminal operators , terminals owned by producers and distributors of bulk commodities , stevedoring companies and other industrial companies opting not to outsource terminal services . in some locations , competitors are smaller , independent operators with lower cost structures . our rail transloading ( material services ) operations compete with a variety of single- or multi-site transload , warehouse and terminal operators across the u.s . our jones act qualified product tankers compete with other jones act qualified vessel fleets . table of contents .
Question: what is the average capacity per jones act qualified tanker in mmbbl? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
817000000.0 | Context:equity compensation plan information the plan documents for the plans described in the footnotes below are included as exhibits to this form 10-k , and are incorporated herein by reference in their entirety . the following table provides information as of dec . 31 , 2006 regarding the number of shares of ppg common stock that may be issued under ppg 2019s equity compensation plans . plan category securities exercise of outstanding options , warrants and rights weighted- average exercise price of outstanding warrants and rights number of securities remaining available for future issuance under equity compensation ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders ( 1 ) 9413216 $ 58.35 10265556 equity compensation plans not approved by security holders ( 2 ) , ( 3 ) 2089300 $ 70.00 2014 .
|plan category|numberof securities to be issued upon exercise of outstanding options warrants and rights ( a )|weighted- average exercise price of outstanding options warrants and rights ( b )|number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c )|
|equity compensation plans approved by security holders ( 1 )|9413216|$ 58.35|10265556|
|equity compensation plans not approved by security holders ( 2 ) ( 3 )|2089300|$ 70.00|2014|
|total|11502516|$ 60.57|10265556|
( 1 ) equity compensation plans approved by security holders include the ppg industries , inc . stock plan , the ppg omnibus plan , the ppg industries , inc . executive officers 2019 long term incentive plan , and the ppg industries inc . long term incentive plan . ( 2 ) equity compensation plans not approved by security holders include the ppg industries , inc . challenge 2000 stock plan . this plan is a broad- based stock option plan under which the company granted to substantially all active employees of the company and its majority owned subsidiaries on july 1 , 1998 , the option to purchase 100 shares of the company 2019s common stock at its then fair market value of $ 70.00 per share . options became exercisable on july 1 , 2003 , and expire on june 30 , 2008 . there were 2089300 shares issuable upon exercise of options outstanding under this plan as of dec . 31 , 2006 . ( 3 ) excluded from the information presented here are common stock equivalents held under the ppg industries , inc . deferred compensation plan , the ppg industries , inc . deferred compensation plan for directors and the ppg industries , inc . directors 2019 common stock plan , none of which are equity compensation plans . as supplemental information , there were 491168 common stock equivalents held under such plans as of dec . 31 , 2006 . item 6 . selected financial data the information required by item 6 regarding the selected financial data for the five years ended dec . 31 , 2006 is included in exhibit 99.2 filed with this form 10-k and is incorporated herein by reference . this information is also reported in the eleven-year digest on page 72 of the annual report under the captions net sales , income ( loss ) before accounting changes , cumulative effect of accounting changes , net income ( loss ) , earnings ( loss ) per common share before accounting changes , cumulative effect of accounting changes on earnings ( loss ) per common share , earnings ( loss ) per common share , earnings ( loss ) per common share 2013 assuming dilution , dividends per share , total assets and long-term debt for the years 2002 through 2006 . item 7 . management 2019s discussion and analysis of financial condition and results of operations performance in 2006 compared with 2005 performance overview our sales increased 8% ( 8 % ) to $ 11.0 billion in 2006 compared to $ 10.2 billion in 2005 . sales increased 4% ( 4 % ) due to the impact of acquisitions , 2% ( 2 % ) due to increased volumes , and 2% ( 2 % ) due to increased selling prices . cost of sales as a percentage of sales increased slightly to 63.7% ( 63.7 % ) compared to 63.5% ( 63.5 % ) in 2005 . selling , general and administrative expense increased slightly as a percentage of sales to 17.9% ( 17.9 % ) compared to 17.4% ( 17.4 % ) in 2005 . these costs increased primarily due to higher expenses related to store expansions in our architectural coatings operating segment and increased advertising to promote growth in our optical products operating segment . other charges decreased $ 81 million in 2006 . other charges in 2006 included pretax charges of $ 185 million for estimated environmental remediation costs at sites in new jersey and $ 42 million for legal settlements offset in part by pretax earnings of $ 44 million for insurance recoveries related to the marvin legal settlement and to hurricane rita . other charges in 2005 included pretax charges of $ 132 million related to the marvin legal settlement net of related insurance recoveries of $ 18 million , $ 61 million for the federal glass class action antitrust legal settlement , $ 34 million of direct costs related to the impact of hurricanes rita and katrina , $ 27 million for an asset impairment charge in our fine chemicals operating segment and $ 19 million for debt refinancing costs . other earnings increased $ 30 million in 2006 due to higher equity earnings , primarily from our asian fiber glass joint ventures , and higher royalty income . net income and earnings per share 2013 assuming dilution for 2006 were $ 711 million and $ 4.27 , respectively , compared to $ 596 million and $ 3.49 , respectively , for 2005 . net income in 2006 included aftertax charges of $ 106 million , or 64 cents a share , for estimated environmental remediation costs at sites in new jersey and louisiana in the third quarter ; $ 26 million , or 15 cents a share , for legal settlements ; $ 23 million , or 14 cents a share for business restructuring ; $ 17 million , or 10 cents a share , to reflect the net increase in the current value of the company 2019s obligation relating to asbestos claims under the ppg settlement arrangement ; and aftertax earnings of $ 24 million , or 14 cents a share for insurance recoveries . net income in 2005 included aftertax charges of $ 117 million , or 68 cents a share for legal settlements net of insurance ; $ 21 million , or 12 cents a share for direct costs related to the impact of hurricanes katrina and rita ; $ 17 million , or 10 cents a share , related to an asset impairment charge related to our fine chemicals operating segment ; $ 12 million , or 7 cents a share , for debt refinancing cost ; and $ 13 million , or 8 cents a share , to reflect the net increase in the current 2006 ppg annual report and form 10-k 19 4282_txt to be issued options , number of .
Question: what would net income have been for 2006 without the environmental remediation costs? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-376.8 | Context:liquidity the primary source of our liquidity is cash flow from operations . over the most recent two-year period , our operations have generated $ 5.6 billion in cash . a substantial portion of this operating cash flow has been returned to shareholders through share repurchases and dividends . we also use cash from operations to fund our capital expenditures and acquisitions . we typically use a combination of cash , notes payable , and long-term debt , and occasionally issue shares of stock , to finance significant acquisitions . as of may 26 , 2019 , we had $ 399 million of cash and cash equivalents held in foreign jurisdictions . as a result of the tcja , the historic undistributed earnings of our foreign subsidiaries were taxed in the u.s . via the one-time repatriation tax in fiscal 2018 . we have re-evaluated our assertion and have concluded that although earnings prior to fiscal 2018 will remain permanently reinvested , we will no longer make a permanent reinvestment assertion beginning with our fiscal 2018 earnings . as part of the accounting for the tcja , we recorded local country withholding taxes related to certain entities from which we began repatriating undistributed earnings and will continue to record local country withholding taxes on all future earnings . as a result of the transition tax , we may repatriate our cash and cash equivalents held by our foreign subsidiaries without such funds being subject to further u.s . income tax liability ( please see note 14 to the consolidated financial statements in item 8 of this report for additional information ) . cash flows from operations .
|in millions|fiscal year 2019|fiscal year 2018|
|net earnings including earnings attributable to redeemable and noncontrollinginterests|$ 1786.2|$ 2163.0|
|depreciation and amortization|620.1|618.8|
|after-taxearnings from joint ventures|-72.0 ( 72.0 )|-84.7 ( 84.7 )|
|distributions of earnings from joint ventures|86.7|113.2|
|stock-based compensation|84.9|77.0|
|deferred income taxes|93.5|-504.3 ( 504.3 )|
|pension and other postretirement benefit plan contributions|-28.8 ( 28.8 )|-31.8 ( 31.8 )|
|pension and other postretirement benefit plan costs|6.1|4.6|
|divestitures loss|30.0|-|
|restructuring impairment and other exit costs|235.7|126.0|
|changes in current assets and liabilities excluding the effects of acquisitions anddivestitures|-7.5 ( 7.5 )|542.1|
|other net|-27.9 ( 27.9 )|-182.9 ( 182.9 )|
|net cash provided by operating activities|$ 2807.0|$ 2841.0|
during fiscal 2019 , cash provided by operations was $ 2807 million compared to $ 2841 million in the same period last year . the $ 34 million decrease was primarily driven by a $ 377 million decrease in net earnings and a $ 550 million change in current assets and liabilities , partially offset by a $ 598 million change in deferred income taxes . the $ 550 million change in current assets and liabilities was primarily driven by a $ 413 million change in the timing of accounts payable , including the impact of longer payment terms implemented in prior fiscal years . the change in deferred income taxes was primarily related to the $ 638 million provisional benefit from revaluing our net u.s . deferred tax liabilities to reflect the new u.s . corporate tax rate as a result of the tcja in fiscal we strive to grow core working capital at or below the rate of growth in our net sales . for fiscal 2019 , core working capital decreased 34 percent , compared to a net sales increase of 7 percent . as of may 26 , 2019 , our core working capital balance totaled $ 385 million , down 34 percent versus last year , this is primarily driven by continued benefits from our payment terms extension program and lower inventory balances . in fiscal 2018 , core working capital decreased 27 percent , compared to a net sales increase of 1 percent. .
Question: what was the change in the net earnings from 2018 to 2019 in million | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
119.0 | Context:disclosure of , the issuance of certain types of guarantees . the adoption of fasb interpretation no . 45 did not have a signif- icant impact on the net income or equity of the company . in january 2003 , fasb interpretation no . 46 , 201cconsolidation of variable interest entities , an interpretation of arb 51 , 201d was issued . the primary objectives of this interpretation , as amended , are to provide guidance on the identification and consolidation of variable interest entities , or vies , which are entities for which control is achieved through means other than through voting rights . the company has completed an analysis of this interpretation and has determined that it does not have any vies . 4 . acquisitions family health plan , inc . effective january 1 , 2004 , the company commenced opera- tions in ohio through the acquisition from family health plan , inc . of certain medicaid-related assets for a purchase price of approximately $ 6800 . the cost to acquire the medicaid-related assets will be allocated to the assets acquired and liabilities assumed according to estimated fair values . hmo blue texas effective august 1 , 2003 , the company acquired certain medicaid-related contract rights of hmo blue texas in the san antonio , texas market for $ 1045 . the purchase price was allocated to acquired contracts , which are being amor- tized on a straight-line basis over a period of five years , the expected period of benefit . group practice affiliates during 2003 , the company acquired a 100% ( 100 % ) ownership interest in group practice affiliates , llc , a behavioral healthcare services company ( 63.7% ( 63.7 % ) in march 2003 and 36.3% ( 36.3 % ) in august 2003 ) . the consolidated financial state- ments include the results of operations of gpa since march 1 , 2003 . the company paid $ 1800 for its purchase of gpa . the cost to acquire the ownership interest has been allocated to the assets acquired and liabilities assumed according to estimated fair values and is subject to adjustment when additional information concerning asset and liability valuations are finalized . the preliminary allocation has resulted in goodwill of approximately $ 3895 . the goodwill is not amortized and is not deductible for tax purposes . pro forma disclosures related to the acquisition have been excluded as immaterial . scriptassist in march 2003 , the company purchased contract and name rights of scriptassist , llc ( scriptassist ) , a medication com- pliance company . the purchase price of $ 563 was allocated to acquired contracts , which are being amortized on a straight-line basis over a period of five years , the expected period of benefit . the investor group who held membership interests in scriptassist included one of the company 2019s executive officers . university health plans , inc . on december 1 , 2002 , the company purchased 80% ( 80 % ) of the outstanding capital stock of university health plans , inc . ( uhp ) in new jersey . in october 2003 , the company exercised its option to purchase the remaining 20% ( 20 % ) of the outstanding capital stock . centene paid a total purchase price of $ 13258 . the results of operations for uhp are included in the consolidated financial statements since december 1 , 2002 . the acquisition of uhp resulted in identified intangible assets of $ 3800 , representing purchased contract rights and provider network . the intangibles are being amortized over a ten-year period . goodwill of $ 7940 is not amortized and is not deductible for tax purposes . changes during 2003 to the preliminary purchase price allocation primarily consisted of the purchase of the remaining 20% ( 20 % ) of the outstanding stock and the recognition of intangible assets and related deferred tax liabilities . the following unaudited pro forma information presents the results of operations of centene and subsidiaries as if the uhp acquisition described above had occurred as of january 1 , 2001 . these pro forma results may not necessar- ily reflect the actual results of operations that would have been achieved , nor are they necessarily indicative of future results of operations. .
||2002|2001|
|revenue|$ 567048|$ 395155|
|net earnings|25869|11573|
|diluted earnings per common share|1.48|1.00|
diluted earnings per common share 1.48 1.00 texas universities health plan in june 2002 , the company purchased schip contracts in three texas service areas . the cash purchase price of $ 595 was recorded as purchased contract rights , which are being amortized on a straight-line basis over five years , the expected period of benefit . bankers reserve in march 2002 , the company acquired bankers reserve life insurance company of wisconsin for a cash purchase price of $ 3527 . the company allocated the purchase price to net tangible and identifiable intangible assets based on their fair value . centene allocated $ 479 to identifiable intangible assets , representing the value assigned to acquired licenses , which are being amortized on a straight-line basis over a notes to consolidated financial statements ( continued ) centene corporation and subsidiaries .
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0.16 | 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: during 2010 and 2011 what were total quarterly cash dividends per share? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
45.0 | Context:notes to consolidated financial statements hedge accounting the firm applies hedge accounting for ( i ) certain interest rate swaps used to manage the interest rate exposure of certain fixed-rate unsecured long-term and short-term borrowings and certain fixed-rate certificates of deposit , ( ii ) certain foreign currency forward contracts and foreign currency-denominated debt used to manage foreign currency exposures on the firm 2019s net investment in certain non-u.s . operations and ( iii ) certain commodities-related swap and forward contracts used to manage the exposure to the variability in cash flows associated with the forecasted sales of certain energy commodities by one of the firm 2019s consolidated investments . to qualify for hedge accounting , the derivative hedge must be highly effective at reducing the risk from the exposure being hedged . additionally , the firm must formally document the hedging relationship at inception and test the hedging relationship at least on a quarterly basis to ensure the derivative hedge continues to be highly effective over the life of the hedging relationship . fair value hedges the firm designates certain interest rate swaps as fair value hedges . these interest rate swaps hedge changes in fair value attributable to the designated benchmark interest rate ( e.g. , london interbank offered rate ( libor ) or ois ) , effectively converting a substantial portion of fixed-rate obligations into floating-rate obligations . the firm applies a statistical method that utilizes regression analysis when assessing the effectiveness of its fair value hedging relationships in achieving offsetting changes in the fair values of the hedging instrument and the risk being hedged ( i.e. , interest rate risk ) . an interest rate swap is considered highly effective in offsetting changes in fair value attributable to changes in the hedged risk when the regression analysis results in a coefficient of determination of 80% ( 80 % ) or greater and a slope between 80% ( 80 % ) and 125% ( 125 % ) . for qualifying fair value hedges , gains or losses on derivatives are included in 201cinterest expense . 201d the change in fair value of the hedged item attributable to the risk being hedged is reported as an adjustment to its carrying value and is subsequently amortized into interest expense over its remaining life . gains or losses resulting from hedge ineffectiveness are included in 201cinterest expense . 201d when a derivative is no longer designated as a hedge , any remaining difference between the carrying value and par value of the hedged item is amortized to interest expense over the remaining life of the hedged item using the effective interest method . see note 23 for further information about interest income and interest expense . the table below presents the gains/ ( losses ) from interest rate derivatives accounted for as hedges , the related hedged borrowings and bank deposits , and the hedge ineffectiveness on these derivatives , which primarily consists of amortization of prepaid credit spreads resulting from the passage of time. .
|in millions|year ended december 2013|year ended december 2012|year ended december 2011|
|interest rate hedges|$ -8683 ( 8683 )|$ -2383 ( 2383 )|$ 4679|
|hedged borrowings and bank deposits|6999|665|-6300 ( 6300 )|
|hedge ineffectiveness|$ -1684 ( 1684 )|$ -1718 ( 1718 )|$ -1621 ( 1621 )|
goldman sachs 2013 annual report 149 .
Question: what is the range in percentage points of the slope in the coefficient of determination? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.05502 | Context:operations may be extended up to four additional years for each unit by mutual agreement of entergy and new york state based on an exigent reliability need for indian point generation . in accordance with the ferc-approved tariff of the new york independent system operator ( nyiso ) , entergy submitted to the nyiso a notice of generator deactivation based on the dates in the settlement ( no later than april 30 , 2020 for indian point unit 2 and april 30 , 2021 for indian point unit 3 ) . in december 2017 , nyiso issued a report stating there will not be a system reliability need following the deactivation of indian point . the nyiso also has advised that it will perform an analysis of the potential competitive impacts of the proposed retirement under provisions of its tariff . the deadline for the nyiso to make a withholding determination is in dispute and is pending before the ferc . in addition to contractually agreeing to cease commercial operations early , in february 2017 entergy filed with the nrc an amendment to its license renewal application changing the term of the requested licenses to coincide with the latest possible extension by mutual agreement based on exigent reliability needs : april 30 , 2024 for indian point 2 and april 30 , 2025 for indian point 3 . if entergy reasonably determines that the nrc will treat the amendment other than as a routine amendment , entergy may withdraw the amendment . other provisions of the settlement include termination of all then-existing investigations of indian point by the agencies signing the agreement , which include the new york state department of environmental conservation , the new york state department of state , the new york state department of public service , the new york state department of health , and the new york state attorney general . the settlement recognizes the right of new york state agencies to pursue new investigations and enforcement actions with respect to new circumstances or existing conditions that become materially exacerbated . another provision of the settlement obligates entergy to establish a $ 15 million fund for environmental projects and community support . apportionment and allocation of funds to beneficiaries are to be determined by mutual agreement of new york state and entergy . the settlement recognizes new york state 2019s right to perform an annual inspection of indian point , with scope and timing to be determined by mutual agreement . in may 2017 a plaintiff filed two parallel state court appeals challenging new york state 2019s actions in signing and implementing the indian point settlement with entergy on the basis that the state failed to perform sufficient environmental analysis of its actions . all signatories to the settlement agreement , including the entergy affiliates that hold nrc licenses for indian point , were named . the appeals were voluntarily dismissed in november 2017 . entergy corporation and subsidiaries management 2019s financial discussion and analysis liquidity and capital resources this section discusses entergy 2019s capital structure , capital spending plans and other uses of capital , sources of capital , and the cash flow activity presented in the cash flow statement . capital structure entergy 2019s capitalization is balanced between equity and debt , as shown in the following table . the increase in the debt to capital ratio for entergy as of december 31 , 2017 is primarily due to an increase in commercial paper outstanding in 2017 as compared to 2016. .
||2017|2016|
|debt to capital|67.1% ( 67.1 % )|64.8% ( 64.8 % )|
|effect of excluding securitization bonds|( 0.8% ( 0.8 % ) )|( 1.0% ( 1.0 % ) )|
|debt to capital excluding securitization bonds ( a )|66.3% ( 66.3 % )|63.8% ( 63.8 % )|
|effect of subtracting cash|( 1.1% ( 1.1 % ) )|( 2.0% ( 2.0 % ) )|
|net debt to net capital excluding securitization bonds ( a )|65.2% ( 65.2 % )|61.8% ( 61.8 % )|
( a ) calculation excludes the arkansas , louisiana , new orleans , and texas securitization bonds , which are non- recourse to entergy arkansas , entergy louisiana , entergy new orleans , and entergy texas , respectively. .
Question: what is the percentage change in the net debt-to-net capital excluding securitization bonds from 2016 to 2017? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.41333 | Context:table of contents the company uses some custom components that are not commonly used by its competitors , and new products introduced by the company often utilize custom components available from only one source . when a component or product uses new technologies , initial capacity constraints may exist until the suppliers 2019 yields have matured or manufacturing capacity has increased . if the company 2019s supply of components for a new or existing product were delayed or constrained , or if an outsourcing partner delayed shipments of completed products to the company , the company 2019s financial condition and operating results could be materially adversely affected . the company 2019s business and financial performance could also be materially adversely affected depending on the time required to obtain sufficient quantities from the original source , or to identify and obtain sufficient quantities from an alternative source . continued availability of these components at acceptable prices , or at all , may be affected if those suppliers concentrated on the production of common components instead of components customized to meet the company 2019s requirements . the company has entered into agreements for the supply of many components ; however , there can be no guarantee that the company will be able to extend or renew these agreements on similar terms , or at all . therefore , the company remains subject to significant risks of supply shortages and price increases that could materially adversely affect its financial condition and operating results . substantially all of the company 2019s hardware products are manufactured by outsourcing partners that are located primarily in asia . a significant concentration of this manufacturing is currently performed by a small number of outsourcing partners , often in single locations . certain of these outsourcing partners are the sole- sourced suppliers of components and manufacturers for many of the company 2019s products . although the company works closely with its outsourcing partners on manufacturing schedules , the company 2019s operating results could be adversely affected if its outsourcing partners were unable to meet their production commitments . the company 2019s purchase commitments typically cover its requirements for periods up to 150 days . other off-balance sheet commitments operating leases the company leases various equipment and facilities , including retail space , under noncancelable operating lease arrangements . the company does not currently utilize any other off-balance sheet financing arrangements . the major facility leases are typically for terms not exceeding 10 years and generally contain multi-year renewal options . as of september 26 , 2015 , the company had a total of 463 retail stores . leases for retail space are for terms ranging from five to 20 years , the majority of which are for 10 years , and often contain multi-year renewal options . as of september 26 , 2015 , the company 2019s total future minimum lease payments under noncancelable operating leases were $ 6.3 billion , of which $ 3.6 billion related to leases for retail space . rent expense under all operating leases , including both cancelable and noncancelable leases , was $ 794 million , $ 717 million and $ 645 million in 2015 , 2014 and 2013 , respectively . future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 26 , 2015 , are as follows ( in millions ) : .
|2016|$ 772|
|2017|774|
|2018|744|
|2019|715|
|2020|674|
|thereafter|2592|
|total|$ 6271|
other commitments the company utilizes several outsourcing partners to manufacture sub-assemblies for the company 2019s products and to perform final assembly and testing of finished products . these outsourcing partners acquire components and build product based on demand information supplied by the company , which typically covers periods up to 150 days . the company also obtains individual components for its products from a wide variety of individual suppliers . consistent with industry practice , the company acquires components through a combination of purchase orders , supplier contracts and open orders based on projected demand information . where appropriate , the purchases are applied to inventory component prepayments that are outstanding with the respective supplier . as of september 26 , 2015 , the company had outstanding off-balance sheet third-party manufacturing commitments and component purchase commitments of $ 29.5 billion . apple inc . | 2015 form 10-k | 65 .
Question: what percentage of future minimum lease payments under noncancelable operating leases are due after 2020? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.92638 | Context:there is no goodwill assigned to reporting units within the balance sheet management segment . the following table shows the amount of goodwill allocated to each of the reporting units and the fair value as a percentage of book value for the reporting units in the trading and investing segment ( dollars in millions ) : .
|reporting unit|december 31 2012 goodwill|december 31 2012 % ( % ) of fair value to book value|
|retail brokerage|$ 1791.8|190% ( 190 % )|
|market making|142.4|115% ( 115 % )|
|total goodwill|$ 1934.2||
we also evaluate the remaining useful lives on intangible assets each reporting period to determine whether events and circumstances warrant a revision to the remaining period of amortization . other intangible assets have a weighted average remaining useful life of 13 years . we did not recognize impairment on our other intangible assets in the periods presented . effects if actual results differ if our estimates of fair value for the reporting units change due to changes in our business or other factors , we may determine that an impairment charge is necessary . estimates of fair value are determined based on a complex model using estimated future cash flows and company comparisons . if actual cash flows are less than estimated future cash flows used in the annual assessment , then goodwill would have to be tested for impairment . the estimated fair value of the market making reporting unit as a percentage of book value was approximately 115% ( 115 % ) ; therefore , if actual cash flows are less than our estimated cash flows , goodwill impairment could occur in the market making reporting unit in the future . these cash flows will be monitored closely to determine if a further evaluation of potential impairment is necessary so that impairment could be recognized in a timely manner . in addition , following the review of order handling practices and pricing for order flow between e*trade securities llc and gi execution services , llc , our regulators may initiate investigations into our historical practices which could subject us to monetary penalties and cease-and-desist orders , which could also prompt claims by customers of e*trade securities llc . any of these actions could materially and adversely affect our market making and trade execution businesses , which could impact future cash flows and could result in goodwill impairment . intangible assets are amortized over their estimated useful lives . if changes in the estimated underlying revenue occur , impairment or a change in the remaining life may need to be recognized . estimates of effective tax rates , deferred taxes and valuation allowance description in preparing the consolidated financial statements , we calculate income tax expense ( benefit ) based on our interpretation of the tax laws in the various jurisdictions where we conduct business . this requires us to estimate current tax obligations and the realizability of uncertain tax positions and to assess temporary differences between the financial statement carrying amounts and the tax basis of assets and liabilities . these differences result in deferred tax assets and liabilities , the net amount of which we show as other assets or other liabilities on the consolidated balance sheet . we must also assess the likelihood that each of the deferred tax assets will be realized . to the extent we believe that realization is not more likely than not , we establish a valuation allowance . when we establish a valuation allowance or increase this allowance in a reporting period , we generally record a corresponding tax expense in the consolidated statement of income ( loss ) . conversely , to the extent circumstances indicate that a valuation allowance is no longer necessary , that portion of the valuation allowance is reversed , which generally reduces overall income tax expense . at december 31 , 2012 we had net deferred tax assets of $ 1416.2 million , net of a valuation allowance ( on state , foreign country and charitable contribution deferred tax assets ) of $ 97.8 million. .
Question: what percentage of total goodwill is comprised of retail brokerage at december 31 2012? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
27.0 | Context:hii expects to incur higher costs to complete ships currently under construction in avondale due to anticipated reductions in productivity . as a result , in the second quarter of 2010 , the company increased the estimates to complete lpd-23 and lpd-25 by approximately $ 210 million . the company recognized a $ 113 million pre-tax charge to operating income for these contracts in the second quarter of 2010 . hii is exploring alternative uses of the avondale facility , including alternative opportunities for the workforce . in connection with and as a result of the decision to wind down shipbuilding operations at the avondale , louisiana facility , the company began incurring and paying related employee severance and incentive compensation liabilities and expenditures , asset retirement obligation liabilities that became reasonably estimable , and amounts owed for not meeting certain requirements under its cooperative endeavor agreement with the state of louisiana . the company anticipates that it will incur substantial other restructuring and facilities shutdown related costs , including , but not limited to , severance expense , relocation expense , and asset write-downs related to the avondale facilities . these costs are expected to be allowable expenses under government accounting standards and thus should be recoverable in future years 2019 overhead costs . these future costs could approximate $ 271 million , based on management 2019s current estimate . such costs should be recoverable under existing flexibly priced contracts or future negotiated contracts in accordance with federal acquisition regulation ( 201cfar 201d ) provisions relating to the treatment of restructuring and shutdown related costs . the company is currently in discussions with the u.s . navy regarding its cost submission to support the recoverability of these costs under the far and applicable contracts , and this submission is subject to review and acceptance by the u.s . navy . the defense contract audit agency ( 201cdcaa 201d ) , a dod agency , prepared an initial audit report on the company 2019s cost proposal for restructuring and shutdown related costs of $ 310 million , which stated that the proposal was not adequately supported for the dcaa to reach a conclusion and questioned approximately $ 25 million , or 8% ( 8 % ) , of the costs submitted by the company . accordingly , the dcaa did not accept the proposal as submitted . the company has submitted a revised proposal to address the concerns of the dcaa and to reflect a revised estimated total cost of $ 271 million . should the company 2019s revised proposal be challenged by the u.s . navy , the company would likely pursue prescribed dispute resolution alternatives to resolve the challenge . that process , however , would create uncertainty as to the timing and eventual allowability of the costs related to the wind down of the avondale facility . ultimately , the company anticipates these discussions with the u.s . navy will result in an agreement that is substantially in accordance with management 2019s cost recovery expectations . accordingly , hii has treated these costs as allowable costs in determining the earnings performance on its contracts in process . the actual restructuring expenses related to the wind down may be greater than the company 2019s current estimate , and any inability to recover such costs could result in a material effect on the company 2019s consolidated financial position , results of operations or cash flows . the company also evaluated the effect that the wind down of the avondale facilities might have on the benefit plans in which hii employees participate . hii determined that the potential impact of a curtailment in these plans was not material to its consolidated financial position , results of operations or cash flows . the table below summarizes the company 2019s liability for restructuring and shutdown related costs associated with winding down the avondale facility . as of december 31 , 2011 and 2010 , these costs are comprised primarily of employee severance and retention and incentive bonuses . these amounts were capitalized in inventoried costs , and will be recognized as expenses in cost of product sales beginning in 2014 . ( $ in millions ) employee compensation other accruals total .
|( $ in millions )|employee compensation|other accruals|total|
|balance at january 1 2010|$ 0|$ 0|$ 0|
|accrual established|27|39|66|
|payments|0|0|0|
|adjustments|0|0|0|
|balance at december 31 2010|$ 27|$ 39|$ 66|
|accrual established|0|0|0|
|payments|-24 ( 24 )|-36 ( 36 )|-60 ( 60 )|
|adjustments|47|-3 ( 3 )|44|
|balance at december 31 2011|$ 50|$ 0|$ 50|
.
Question: what is the net change in employee compensation during 2010? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-0.05034 | Context:table of contents statutory surplus the table below sets forth statutory surplus for the company 2019s insurance companies as of december 31 , 2012 and 2011: .
||2012|2011|
|u.s . life insurance subsidiaries includes domestic captive insurance subsidiaries|$ 6410|$ 7388|
|property and casualty insurance subsidiaries|7645|7412|
|total|$ 14055|$ 14800|
statutory capital and surplus for the u.s . life insurance subsidiaries , including domestic captive insurance subsidiaries , decreased by $ 978 , primarily due to variable annuity surplus impacts of approximately $ 425 , a $ 200 increase in reserves on a change in valuation basis , $ 200 transfer of the mutual funds business from the u.s . life insurance companies to the life holding company , and an increase in the asset valuation reserve of $ 115 . as a result of the january 2013 statutory gain from the sale of the retirement plans and individual life businesses , the company's pro forma january 2 , 2013 u.s . life statutory surplus was estimated to be $ 8.1 billion , before approximately $ 1.5 billion in extraordinary dividends and return of capital to hfsg holding company . statutory capital and surplus for the property and casualty insurance subsidiaries increased by $ 233 , primarily due to statutory net income , after tax , of $ 727 , unrealized gains of $ 249 , and an increase in statutory admitted deferred tax assets of $ 77 , capital contributions of $ 14 , and an increase of statutory admitted assets of $ 7 , partially offset by dividends to the hfsg holding company of $ 841 . both net income and dividends are net of interest payments and dividends , respectively , on an intercompany note between hartford holdings , inc . and hartford fire insurance company . the company also holds regulatory capital and surplus for its operations in japan . under the accounting practices and procedures governed by japanese regulatory authorities , the company 2019s statutory capital and surplus was $ 1.1 billion and $ 1.3 billion as of december 31 , 2012 and 2011 , respectively . statutory capital the company 2019s stockholders 2019 equity , as prepared using u.s . generally accepted accounting principles ( 201cu.s . gaap 201d ) was $ 22.4 billion as of december 31 , 2012 . the company 2019s estimated aggregate statutory capital and surplus , as prepared in accordance with the national association of insurance commissioners 2019 accounting practices and procedures manual ( 201cu.s . stat 201d ) was $ 14.1 billion as of december 31 , 2012 . significant differences between u.s . gaap stockholders 2019 equity and aggregate statutory capital and surplus prepared in accordance with u.s . stat include the following : 2022 u.s . stat excludes equity of non-insurance and foreign insurance subsidiaries not held by u.s . insurance subsidiaries . 2022 costs incurred by the company to acquire insurance policies are deferred under u.s . gaap while those costs are expensed immediately under u.s . 2022 temporary differences between the book and tax basis of an asset or liability which are recorded as deferred tax assets are evaluated for recoverability under u.s . gaap while those amounts deferred are subject to limitations under u.s . stat . 2022 the assumptions used in the determination of life benefit reserves is prescribed under u.s . stat , while the assumptions used under u.s . gaap are generally the company 2019s best estimates . the methodologies for determining life insurance reserve amounts may also be different . for example , reserving for living benefit reserves under u.s . stat is generally addressed by the commissioners 2019 annuity reserving valuation methodology and the related actuarial guidelines , while under u.s . gaap , those same living benefits may be considered embedded derivatives and recorded at fair value or they may be considered sop 03-1 reserves . the sensitivity of these life insurance reserves to changes in equity markets , as applicable , will be different between u.s . gaap and u.s . stat . 2022 the difference between the amortized cost and fair value of fixed maturity and other investments , net of tax , is recorded as an increase or decrease to the carrying value of the related asset and to equity under u.s . gaap , while u.s . stat only records certain securities at fair value , such as equity securities and certain lower rated bonds required by the naic to be recorded at the lower of amortized cost or fair value . 2022 u.s . stat for life insurance companies establishes a formula reserve for realized and unrealized losses due to default and equity risks associated with certain invested assets ( the asset valuation reserve ) , while u.s . gaap does not . also , for those realized gains and losses caused by changes in interest rates , u.s . stat for life insurance companies defers and amortizes the gains and losses , caused by changes in interest rates , into income over the original life to maturity of the asset sold ( the interest maintenance reserve ) while u.s . gaap does not . 2022 goodwill arising from the acquisition of a business is tested for recoverability on an annual basis ( or more frequently , as necessary ) for u.s . gaap , while under u.s . stat goodwill is amortized over a period not to exceed 10 years and the amount of goodwill is limited. .
Question: what is the percentage change in statutory surplus from 2011 to 2012? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
283.0 | Context:schedule iii page 6 of 6 host hotels & resorts , inc. , and subsidiaries host hotels & resorts , l.p. , and subsidiaries real estate and accumulated depreciation december 31 , 2017 ( in millions ) ( b ) the change in accumulated depreciation and amortization of real estate assets for the fiscal years ended december 31 , 2017 , 2016 and 2015 is as follows: .
|balance at december 31 2014|$ 5283|
|depreciation and amortization|558|
|dispositions and other|-148 ( 148 )|
|depreciation on assets held for sale|-27 ( 27 )|
|balance at december 31 2015|5666|
|depreciation and amortization|572|
|dispositions and other|-159 ( 159 )|
|depreciation on assets held for sale|-130 ( 130 )|
|balance at december 31 2016|5949|
|depreciation and amortization|563|
|dispositions and other|-247 ( 247 )|
|depreciation on assets held for sale|7|
|balance at december 31 2017|$ 6272|
( c ) the aggregate cost of real estate for federal income tax purposes is approximately $ 10698 million at december 31 , 2017 . ( d ) the total cost of properties excludes construction-in-progress properties. .
Question: what was the net change in millions in the accumulated depreciation and amortization of real estate assets from 2015 to 2016? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
7.295 | 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 $ 32.41 billion and $ 31.94 billion as of december 2012 and december 2011 , 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 $ 300 million of protection had been provided as of both december 2012 and december 2011 . 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 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 . the firm also enters into commitments to provide contingent financing to its clients and counterparties through resale agreements . the firm 2019s funding of these commitments depends on the satisfaction of all contractual conditions to the resale agreement and these commitments can expire unused . investment commitments the firm 2019s investment commitments consist of commitments to invest in private equity , real estate and other assets directly and through funds that the firm raises and manages . these commitments include $ 872 million and $ 1.62 billion as of december 2012 and december 2011 , respectively , related to real estate private investments and $ 6.47 billion and $ 7.50 billion as of december 2012 and december 2011 , respectively , related to corporate and other private investments . of these amounts , $ 6.21 billion and $ 8.38 billion as of december 2012 and december 2011 , respectively , relate to commitments to invest in funds managed by the firm , which will 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 2012 .
|in millions|as of december 2012|
|2013|$ 439|
|2014|407|
|2015|345|
|2016|317|
|2017|306|
|2018 - thereafter|1375|
|total|$ 3189|
rent charged to operating expense for the years ended december 2012 , december 2011 and december 2010 was $ 374 million , $ 475 million and $ 508 million , respectively . 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 2012 annual report 175 .
Question: in billions as of december 2012 and december 2011 , what was the average amount of commitments to invest in funds managed by the firm , which will be funded at market value on the date of investment? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.32 | Context:stock performance graph * $ 100 invested on 11/17/11 in our stock or 10/31/11 in the relevant index , including reinvestment of dividends . fiscal year ending december 31 , 2013 . ( 1 ) delphi automotive plc ( 2 ) s&p 500 2013 standard & poor 2019s 500 total return index ( 3 ) automotive supplier peer group 2013 russell 3000 auto parts index , including american axle & manufacturing , borgwarner inc. , cooper tire & rubber company , dana holding corp. , delphi automotive plc , dorman products inc. , federal-mogul corp. , ford motor co. , fuel systems solutions inc. , general motors co. , gentex corp. , gentherm inc. , genuine parts co. , johnson controls inc. , lkq corp. , lear corp. , meritor inc. , remy international inc. , standard motor products inc. , stoneridge inc. , superior industries international , trw automotive holdings corp. , tenneco inc. , tesla motors inc. , the goodyear tire & rubber co. , tower international inc. , visteon corp. , and wabco holdings inc . company index november 17 , december 31 , december 31 , december 31 .
|company index|november 17 2011|december 31 2011|december 31 2012|december 31 2013|
|delphi automotive plc ( 1 )|$ 100.00|$ 100.98|$ 179.33|$ 285.81|
|s&p 500 ( 2 )|100.00|100.80|116.93|154.80|
|automotive supplier peer group ( 3 )|100.00|89.27|110.41|166.46|
dividends on february 26 , 2013 , the board of directors approved the initiation of dividend payments on the company's ordinary shares . the board of directors declared a regular quarterly cash dividend of $ 0.17 per ordinary share that was paid in each quarter of 2013 . in addition , in january 2014 , the board of directors declared a regular quarterly cash dividend of $ 0.25 per ordinary share , payable on february 27 , 2014 to shareholders of record at the close of business on february 18 , 2014 . in october 2011 , the board of managers of delphi automotive llp approved a distribution of approximately $ 95 million , which was paid on december 5 , 2011 , principally in respect of taxes , to members of delphi automotive llp who held membership interests as of the close of business on october 31 , 2011. .
Question: what is the increase in the dividend in total for the year of 2014? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
111.0 | Context:insurance arrangement . as a result of the adoption of this new guidance , the company recorded a liability representing the actuarial present value of the future death benefits as of the employees 2019 expected retirement date of $ 45 million with the offset reflected as a cumulative-effect adjustment to january 1 , 2008 retained earnings and accumulated other comprehensive income ( loss ) in the amounts of $ 4 million and $ 41 million , respectively , in the company 2019s consolidated statement of stockholders 2019 equity . it is currently expected that minimal , if any , further cash payments will be required to fund these policies . the net periodic cost for these split-dollar life insurance arrangements was $ 6 million in both the years ended december 31 , 2009 and 2008 . the company has recorded a liability representing the actuarial present value of the future death benefits as of the employees 2019 expected retirement date of $ 48 million and $ 47 million as of december 31 , 2009 and december 31 , 2008 , respectively . defined contribution plan the company and certain subsidiaries have various defined contribution plans , in which all eligible employees participate . in the u.s. , the 401 ( k ) plan is a contributory plan . matching contributions are based upon the amount of the employees 2019 contributions . effective january 1 , 2005 , newly hired employees have a higher maximum matching contribution at 4% ( 4 % ) on the first 5% ( 5 % ) of employee contributions , compared to 3% ( 3 % ) on the first 6% ( 6 % ) of employee contributions for employees hired prior to january 2005 . effective january 1 , 2009 , the company temporarily suspended all matching contributions to the motorola 401 ( k ) plan . the company 2019s expenses , primarily relating to the employer match , for all defined contribution plans , for the years ended december 31 , 2009 , 2008 and 2007 were $ 8 million , $ 95 million and $ 116 million , respectively . 8 . share-based compensation plans and other incentive plans stock options , stock appreciation rights and employee stock purchase plan the company grants options to acquire shares of common stock to certain employees , and existing option holders in connection with the merging of option plans following an acquisition . each option granted and stock appreciation right has an exercise price of no less than 100% ( 100 % ) of the fair market value of the common stock on the date of the grant . the awards have a contractual life of five to ten years and vest over two to four years . stock options and stock appreciation rights assumed or replaced with comparable stock options or stock appreciation rights in conjunction with a change in control only become exercisable if the holder is also involuntarily terminated ( for a reason other than cause ) or quits for good reason within 24 months of a change in control . the employee stock purchase plan allows eligible participants to purchase shares of the company 2019s common stock through payroll deductions of up to 10% ( 10 % ) of eligible compensation on an after-tax basis . plan participants cannot purchase more than $ 25000 of stock in any calendar year . the price an employee pays per share is 85% ( 85 % ) of the lower of the fair market value of the company 2019s stock on the close of the first trading day or last trading day of the purchase period . the plan has two purchase periods , the first one from october 1 through march 31 and the second one from april 1 through september 30 . for the years ended december 31 , 2009 , 2008 and 2007 , employees purchased 29.4 million , 18.9 million and 10.2 million shares , respectively , at purchase prices of $ 3.60 and $ 3.68 , $ 7.91 and $ 6.07 , and $ 14.93 and $ 15.02 , respectively . the company calculates the value of each employee stock option , estimated on the date of grant , using the black-scholes option pricing model . the weighted-average estimated fair value of employee stock options granted during 2009 , 2008 and 2007 was $ 2.78 , $ 3.47 and $ 5.95 , respectively , using the following weighted-average assumptions : 2009 2008 2007 .
||2009|2008|2007|
|expected volatility|57.1% ( 57.1 % )|56.4% ( 56.4 % )|28.3% ( 28.3 % )|
|risk-free interest rate|1.9% ( 1.9 % )|2.4% ( 2.4 % )|4.5% ( 4.5 % )|
|dividend yield|0.0% ( 0.0 % )|2.7% ( 2.7 % )|1.1% ( 1.1 % )|
|expected life ( years )|3.9|5.5|6.5|
.
Question: what was the average company 2019s expenses , primarily relating to the employer match from 2007 to 2009 for all defined contribution plans in millions | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.26316 | Context:humana inc . notes to consolidated financial statements 2014 ( continued ) 15 . stockholders 2019 equity dividends the following table provides details of dividend payments , excluding dividend equivalent rights , in 2016 , 2017 , and 2018 under our board approved quarterly cash dividend policy : payment amount per share amount ( in millions ) .
|paymentdate|amountper share|totalamount ( in millions )|
|2016|$ 1.16|$ 172|
|2017|$ 1.49|$ 216|
|2018|$ 1.90|$ 262|
on november 2 , 2018 , the board declared a cash dividend of $ 0.50 per share that was paid on january 25 , 2019 to stockholders of record on december 31 , 2018 , for an aggregate amount of $ 68 million . declaration and payment of future quarterly dividends is at the discretion of our board and may be adjusted as business needs or market conditions change . in february 2019 , the board declared a cash dividend of $ 0.55 per share payable on april 26 , 2019 to stockholders of record on march 29 , 2019 . stock repurchases our board of directors may authorize the purchase of our common shares . under our share repurchase authorization , shares may have been purchased from time to time at prevailing prices in the open market , by block purchases , through plans designed to comply with rule 10b5-1 under the securities exchange act of 1934 , as amended , or in privately-negotiated transactions ( including pursuant to accelerated share repurchase agreements with investment banks ) , subject to certain regulatory restrictions on volume , pricing , and timing . on february 14 , 2017 , our board of directors authorized the repurchase of up to $ 2.25 billion of our common shares expiring on december 31 , 2017 , exclusive of shares repurchased in connection with employee stock plans . on february 16 , 2017 , we entered into an accelerated share repurchase agreement , the february 2017 asr , with goldman , sachs & co . llc , or goldman sachs , to repurchase $ 1.5 billion of our common stock as part of the $ 2.25 billion share repurchase authorized on february 14 , 2017 . on february 22 , 2017 , we made a payment of $ 1.5 billion to goldman sachs from available cash on hand and received an initial delivery of 5.83 million shares of our common stock from goldman sachs based on the then current market price of humana common stock . the payment to goldman sachs was recorded as a reduction to stockholders 2019 equity , consisting of a $ 1.2 billion increase in treasury stock , which reflected the value of the initial 5.83 million shares received upon initial settlement , and a $ 300 million decrease in capital in excess of par value , which reflected the value of stock held back by goldman sachs pending final settlement of the february 2017 asr . upon settlement of the february 2017 asr on august 28 , 2017 , we received an additional 0.84 million shares as determined by the average daily volume weighted-average share price of our common stock during the term of the agreement of $ 224.81 , less a discount and subject to adjustments pursuant to the terms and conditions of the february 2017 asr , bringing the total shares received under this program to 6.67 million . in addition , upon settlement we reclassified the $ 300 million value of stock initially held back by goldman sachs from capital in excess of par value to treasury stock . subsequent to settlement of the february 2017 asr , we repurchased an additional 3.04 million shares in the open market , utilizing the remaining $ 750 million of the $ 2.25 billion authorization prior to expiration . on december 14 , 2017 , our board of directors authorized the repurchase of up to $ 3.0 billion of our common shares expiring on december 31 , 2020 , exclusive of shares repurchased in connection with employee stock plans. .
Question: considering the year 2018 , what is the percentage of the cash dividend paid per share concerning the total amount paid per share? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-9.0 | Context:able to reasonably estimate the timing of future cash flows beyond 12 months due to uncertainties in the timing of tax audit outcomes . the remaining amount of our unrecognized tax liability was classified in other liabilities . we report accrued interest and penalties related to unrecognized tax benefit liabilities in income tax expense . for fiscal 2017 , we recognized a net benefit of $ 5.6 million of tax-related net interest and penalties , and had $ 23.1 million of accrued interest and penalties as of may 28 , 2017 . for fiscal 2016 , we recognized a net benefit of $ 2.7 million of tax-related net interest and penalties , and had $ 32.1 million of accrued interest and penalties as of may 29 , 2016 . note 15 . leases , other commitments , and contingencies the company 2019s leases are generally for warehouse space and equipment . rent expense under all operating leases from continuing operations was $ 188.1 million in fiscal 2017 , $ 189.1 million in fiscal 2016 , and $ 193.5 million in fiscal 2015 . some operating leases require payment of property taxes , insurance , and maintenance costs in addition to the rent payments . contingent and escalation rent in excess of minimum rent payments and sublease income netted in rent expense were insignificant . noncancelable future lease commitments are : operating capital in millions leases leases .
|in millions|operating leases|capital leases|
|fiscal 2018|$ 118.8|$ 0.4|
|fiscal 2019|101.7|0.4|
|fiscal 2020|80.7|0.2|
|fiscal 2021|60.7|0.1|
|fiscal 2022|49.7|2014|
|after fiscal 2022|89.1|0.1|
|total noncancelable future lease commitments|$ 500.7|$ 1.2|
|less : interest||-0.1 ( 0.1 )|
|present value of obligations under capital leases||$ 1.1|
depreciation on capital leases is recorded as deprecia- tion expense in our results of operations . as of may 28 , 2017 , we have issued guarantees and comfort letters of $ 504.7 million for the debt and other obligations of consolidated subsidiaries , and guarantees and comfort letters of $ 165.3 million for the debt and other 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 $ 500.7 million as of may 28 , 2017 . note 16 . business segment and geographic information we operate in the consumer foods industry . in the third quarter of fiscal 2017 , we announced a new global orga- nization structure to streamline our leadership , enhance global scale , and drive improved operational agility to maximize our growth capabilities . as a result of this global reorganization , beginning in the third quarter of fiscal 2017 , we reported results for our four operating segments as follows : north america retail , 65.3 percent of our fiscal 2017 consolidated net sales ; convenience stores & foodservice , 12.0 percent of our fiscal 2017 consolidated net sales ; europe & australia , 11.7 percent of our fiscal 2017 consolidated net sales ; and asia & latin america , 11.0 percent of our fiscal 2017 consoli- dated net sales . we have restated our net sales by seg- ment and segment operating profit amounts to reflect our new operating segments . these segment changes had no effect on previously reported consolidated net sales , operating profit , net earnings attributable to general mills , or earnings per share . our north america retail operating segment consists of our former u.s . retail operating units and our canada region . within our north america retail operating seg- ment , our former u.s . meals operating unit and u.s . baking operating unit have been combined into one operating unit : u.s . meals & baking . our convenience stores & foodservice operating segment is unchanged . our europe & australia operating segment consists of our former europe region . our asia & latin america operating segment consists of our former asia/pacific and latin america regions . under our new organization structure , our chief operating decision maker assesses performance and makes decisions about resources to be allocated to our segments at the north america retail , convenience stores & foodservice , europe & australia , and asia & latin america operating segment level . our north america retail operating segment reflects business with a wide variety of grocery stores , mass merchandisers , membership stores , natural food chains , drug , dollar and discount chains , and e-commerce gro- cery providers . our product categories in this business 84 general mills .
Question: what is the change in balance of accrued interest and penalties from 2016 to 2017? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
649.0 | Context:we are continuing to invest in people and infrastructure to grow our presence in lines of businesses globally where we see an opportunity for ace to grow market share at reasonable terms . we are also continuing to invest in our enterprise risk management capability , our systems and data environment , and our research and development capabilities . critical accounting estimates our consolidated financial statements include amounts that , either by their nature or due to requirements of accounting princi- ples generally accepted in the u.s . ( gaap ) , are determined using best estimates and assumptions . while we believe that the amounts included in our consolidated financial statements reflect our best judgment , actual amounts could ultimately materi- ally differ from those currently presented . we believe the items that require the most subjective and complex estimates are : 2022 unpaid loss and loss expense reserves , including long-tail asbestos and environmental ( a&e ) reserves ; 2022 future policy benefits reserves ; 2022 valuation of value of business acquired ( voba ) and amortization of deferred policy acquisition costs and voba ; 2022 the assessment of risk transfer for certain structured insurance and reinsurance contracts ; 2022 reinsurance recoverable , including a provision for uncollectible reinsurance ; 2022 impairments to the carrying value of our investment portfolio ; 2022 the valuation of deferred tax assets ; 2022 the valuation of derivative instruments related to guaranteed minimum income benefits ( gmib ) ; and 2022 the valuation of goodwill . we believe our accounting policies for these items are of critical importance to our consolidated financial statements . the following discussion provides more information regarding the estimates and assumptions required to arrive at these amounts and should be read in conjunction with the sections entitled : prior period development , asbestos and environmental and other run-off liabilities , reinsurance recoverable on ceded reinsurance , investments , net realized gains ( losses ) , and other income and expense items . unpaid losses and loss expenses as an insurance and reinsurance company , we are required , by applicable laws and regulations and gaap , to establish loss and loss expense reserves for the estimated unpaid portion of the ultimate liability for losses and loss expenses under the terms of our policies and agreements with our insured and reinsured customers . the estimate of the liabilities includes provisions for claims that have been reported but unpaid at the balance sheet date ( case reserves ) and for future obligations from claims that have been incurred but not reported ( ibnr ) at the balance sheet date ( ibnr may also include a provision for additional devel- opment on reported claims in instances where the case reserve is viewed to be potentially insufficient ) . the reserves provide for liabilities that exist for the company as of the balance sheet date . the loss reserve also includes an estimate of expenses associated with processing and settling these unpaid claims ( loss expenses ) . at december 31 , 2008 , our gross unpaid loss and loss expense reserves were $ 37.2 billion and our net unpaid loss and loss expense reserves were $ 24.2 billion . with the exception of certain structured settlements , for which the timing and amount of future claim payments are reliably determi- nable , our loss reserves are not discounted for the time value of money . in connection with such structured settlements , we carry reserves of $ 106 million ( net of discount ) . the table below presents a roll-forward of our unpaid losses and loss expenses for the indicated periods . ( in millions of u.s . dollars ) losses reinsurance recoverable net losses .
|( in millions of u.s . dollars )|gross losses|reinsurance recoverable|net losses|
|balance at december 31 2006|$ 35517|$ 13509|$ 22008|
|losses and loss expenses incurred|10831|3480|7351|
|losses and loss expenses paid|-9516 ( 9516 )|-3582 ( 3582 )|-5934 ( 5934 )|
|other ( including foreign exchange revaluation )|280|113|167|
|balance at december 31 2007|37112|13520|23592|
|losses and loss expenses incurred|10944|3341|7603|
|losses and loss expenses paid|-9899 ( 9899 )|-3572 ( 3572 )|-6327 ( 6327 )|
|other ( including foreign exchange revaluation )|-1367 ( 1367 )|-387 ( 387 )|-980 ( 980 )|
|losses and loss expenses acquired|386|33|353|
|balance at december 31 2008|$ 37176|$ 12935|$ 24241|
.
Question: what are is the net change in the balance of unpaid losses during 2008? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
1.97847 | Context:12 . brokerage receivables and brokerage payables citi has receivables and payables for financial instruments sold to and purchased from brokers , dealers and customers , which arise in the ordinary course of business . citi is exposed to risk of loss from the inability of brokers , dealers or customers to pay for purchases or to deliver the financial instruments sold , in which case citi would have to sell or purchase the financial instruments at prevailing market prices . credit risk is reduced to the extent that an exchange or clearing organization acts as a counterparty to the transaction and replaces the broker , dealer or customer in question . citi seeks to protect itself from the risks associated with customer activities by requiring customers to maintain margin collateral in compliance with regulatory and internal guidelines . margin levels are monitored daily , and customers deposit additional collateral as required . where customers cannot meet collateral requirements , citi may liquidate sufficient underlying financial instruments to bring the customer into compliance with the required margin level . exposure to credit risk is impacted by market volatility , which may impair the ability of clients to satisfy their obligations to citi . credit limits are established and closely monitored for customers and for brokers and dealers engaged in forwards , futures and other transactions deemed to be credit sensitive . brokerage receivables and brokerage payables consisted of the following: .
|in millions of dollars|december 31 , 2016|december 31 , 2015|
|receivables from customers|$ 10374|$ 10435|
|receivables from brokers dealers and clearing organizations|18513|17248|
|total brokerage receivables ( 1 )|$ 28887|$ 27683|
|payables to customers|$ 37237|$ 35653|
|payables to brokers dealers and clearing organizations|19915|18069|
|total brokerage payables ( 1 )|$ 57152|$ 53722|
payables to brokers , dealers , and clearing organizations 19915 18069 total brokerage payables ( 1 ) $ 57152 $ 53722 ( 1 ) includes brokerage receivables and payables recorded by citi broker- dealer entities that are accounted for in accordance with the aicpa accounting guide for brokers and dealers in securities as codified in asc 940-320. .
Question: what was the ratio of the total brokerage payable to the total brokerage receivables in 2016 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.05357 | Context:consolidated income statement review our consolidated income statement is presented in item 8 of this report . net income for 2012 was $ 3.0 billion compared with $ 3.1 billion for 2011 . revenue growth of 8 percent and a decline in the provision for credit losses were more than offset by a 16 percent increase in noninterest expense in 2012 compared to 2011 . further detail is included in the net interest income , noninterest income , provision for credit losses and noninterest expense portions of this consolidated income statement review . net interest income table 2 : net interest income and net interest margin year ended december 31 dollars in millions 2012 2011 .
|year ended december 31dollars in millions|2012|2011|
|net interest income|$ 9640|$ 8700|
|net interest margin|3.94% ( 3.94 % )|3.92% ( 3.92 % )|
changes in net interest income and margin result from the interaction of the volume and composition of interest-earning assets and related yields , interest-bearing liabilities and related rates paid , and noninterest-bearing sources of funding . see the statistical information ( unaudited ) 2013 average consolidated balance sheet and net interest analysis and analysis of year-to-year changes in net interest income in item 8 of this report and the discussion of purchase accounting accretion of purchased impaired loans in the consolidated balance sheet review in this item 7 for additional information . the increase in net interest income in 2012 compared with 2011 was primarily due to the impact of the rbc bank ( usa ) acquisition , organic loan growth and lower funding costs . purchase accounting accretion remained stable at $ 1.1 billion in both periods . the net interest margin was 3.94% ( 3.94 % ) for 2012 and 3.92% ( 3.92 % ) for 2011 . the increase in the comparison was primarily due to a decrease in the weighted-average rate accrued on total interest- bearing liabilities of 29 basis points , largely offset by a 21 basis point decrease on the yield on total interest-earning assets . the decrease in the rate on interest-bearing liabilities was primarily due to the runoff of maturing retail certificates of deposit and the redemption of additional trust preferred and hybrid capital securities during 2012 , in addition to an increase in fhlb borrowings and commercial paper as lower-cost funding sources . the decrease in the yield on interest-earning assets was primarily due to lower rates on new loan volume and lower yields on new securities in the current low rate environment . with respect to the first quarter of 2013 , we expect net interest income to decline by two to three percent compared to fourth quarter 2012 net interest income of $ 2.4 billion , due to a decrease in purchase accounting accretion of up to $ 50 to $ 60 million , including lower expected cash recoveries . for the full year 2013 , we expect net interest income to decrease compared with 2012 , assuming an expected decline in purchase accounting accretion of approximately $ 400 million , while core net interest income is expected to increase in the year-over-year comparison . we believe our net interest margin will come under pressure in 2013 , due to the expected decline in purchase accounting accretion and assuming that the current low rate environment continues . noninterest income noninterest income totaled $ 5.9 billion for 2012 and $ 5.6 billion for 2011 . the overall increase in the comparison was primarily due to an increase in residential mortgage loan sales revenue driven by higher loan origination volume , gains on sales of visa class b common shares and higher corporate service fees , largely offset by higher provision for residential mortgage repurchase obligations . asset management revenue , including blackrock , totaled $ 1.2 billion in 2012 compared with $ 1.1 billion in 2011 . this increase was primarily due to higher earnings from our blackrock investment . discretionary assets under management increased to $ 112 billion at december 31 , 2012 compared with $ 107 billion at december 31 , 2011 driven by stronger average equity markets , positive net flows and strong sales performance . for 2012 , consumer services fees were $ 1.1 billion compared with $ 1.2 billion in 2011 . the decline reflected the regulatory impact of lower interchange fees on debit card transactions partially offset by customer growth . as further discussed in the retail banking portion of the business segments review section of this item 7 , the dodd-frank limits on interchange rates were effective october 1 , 2011 and had a negative impact on revenue of approximately $ 314 million in 2012 and $ 75 million in 2011 . this impact was partially offset by higher volumes of merchant , customer credit card and debit card transactions and the impact of the rbc bank ( usa ) acquisition . corporate services revenue increased by $ .3 billion , or 30 percent , to $ 1.2 billion in 2012 compared with $ .9 billion in 2011 due to higher commercial mortgage servicing revenue and higher merger and acquisition advisory fees in 2012 . the major components of corporate services revenue are treasury management revenue , corporate finance fees , including revenue from capital markets-related products and services , and commercial mortgage servicing revenue , including commercial mortgage banking activities . see the product revenue portion of this consolidated income statement review for further detail . the pnc financial services group , inc . 2013 form 10-k 39 .
Question: what was the percentage change in the non interest income from from 2011 to 2012 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
238.1 | Context:other operating/performance and financial statistics we report key railroad performance measures weekly to the association of american railroads ( aar ) , including carloads , average daily inventory of rail cars on our system , average train speed , and average terminal dwell time . we provide this data on our website at www.up.com/investors/reports/index.shtml . operating/performance statistics included in the table below are railroad performance measures reported to the aar : 2008 2007 2006 % ( % ) change 2008 v 2007 % ( % ) change 2007 v 2006 .
||2008|2007|2006|% ( % ) change 2008 v 2007|% ( % ) change 2007 v 2006|
|average train speed ( miles per hour )|23.5|21.8|21.4|8 % ( % )|2 % ( % )|
|average terminal dwell time ( hours )|24.9|25.1|27.2|( 1 ) % ( % )|( 8 ) % ( % )|
|average rail car inventory ( thousands )|300.7|309.9|321.6|( 3 ) % ( % )|( 4 ) % ( % )|
|gross ton-miles ( billions )|1020.4|1052.3|1072.5|( 3 ) % ( % )|( 2 ) % ( % )|
|revenue ton-miles ( billions )|562.6|561.8|565.2|-|( 1 ) % ( % )|
|operating ratio|77.3|79.3|81.5|2.0 pt|2.2 pt|
|employees ( average )|48242|50089|50739|( 4 ) % ( % )|( 1 ) % ( % )|
|customer satisfaction index|83|79|72|4 pt|7 pt|
average train speed 2013 average train speed is calculated by dividing train miles by hours operated on our main lines between terminals . ongoing network management initiatives , productivity improvements , and lower volume levels contributed to 8% ( 8 % ) and 2% ( 2 % ) improvements in average train speed in 2008 and 2007 , respectively . average terminal dwell time 2013 average terminal dwell time is the average time that a rail car spends at our terminals . lower average terminal dwell time improves asset utilization and service . average terminal dwell time improved 1% ( 1 % ) and 8% ( 8 % ) in 2008 and 2007 , respectively . lower volumes combined with initiatives to more timely deliver rail cars to our interchange partners and customers improved dwell time in both periods . gross and revenue ton-miles 2013 gross ton-miles are calculated by multiplying the weight of loaded and empty freight cars by the number of miles hauled . revenue ton-miles are calculated by multiplying the weight of freight by the number of tariff miles . gross ton-miles decreased 3% ( 3 % ) , while revenue ton-miles were flat in 2008 compared to 2007 with commodity mix changes ( notably autos and coal ) explaining the variance in year over year growth between the two metrics . in 2007 , revenue ton-miles declined 1% ( 1 % ) in relation to the 1% ( 1 % ) reduction in carloadings compared to 2006 . gross ton-miles decreased 2% ( 2 % ) in 2007 driven by a mix shift in freight shipments . operating ratio 2013 operating ratio is defined as our operating expenses as a percentage of operating revenue . our operating ratios improved 2.0 points to 77.3% ( 77.3 % ) in 2008 and 2.2 points to 79.3% ( 79.3 % ) in 2007 . price increases , fuel cost recoveries , network management initiatives , and improved productivity more than offset the impact of higher fuel prices . employees 2013 productivity initiatives and lower volumes reduced employee levels throughout the company in 2008 versus 2007 . fewer train and engine personnel due to improved network productivity and 5% ( 5 % ) lower volume drove the change while productivity initiatives within the support organizations also contributed to a lower full-time equivalent force level . lower employee levels in 2007 versus 2006 .
Question: based on the operating/performance statistics what was the average operating ratio from 2006 to 2008 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
313.4 | Context:benefits as an increase to earnings of $ 152 million ( $ 0.50 per share ) during the year ended december 31 , 2016 . additionally , we recognized additional income tax benefits as an increase to operating cash flows of $ 152 million during the year ended december 31 , 2016 . the new accounting standard did not impact any periods prior to january 1 , 2016 , as we applied the changes in the asu on a prospective basis . in september 2015 , the fasb issued asu no . 2015-16 , business combinations ( topic 805 ) , which simplifies the accounting for adjustments made to preliminary amounts recognized in a business combination by eliminating the requirement to retrospectively account for those adjustments . instead , adjustments will be recognized in the period in which the adjustments are determined , including the effect on earnings of any amounts that would have been recorded in previous periods if the accounting had been completed at the acquisition date . we adopted the asu on january 1 , 2016 and are prospectively applying the asu to business combination adjustments identified after the date of adoption . in november 2015 , the fasb issued asu no . 2015-17 , income taxes ( topic 740 ) , which simplifies the presentation of deferred income taxes and requires that deferred tax assets and liabilities , as well as any related valuation allowance , be classified as noncurrent in our consolidated balance sheets . we applied the provisions of the asu retrospectively and reclassified approximately $ 1.6 billion from current to noncurrent assets and approximately $ 140 million from current to noncurrent liabilities in our consolidated balance sheet as of december 31 , 2015 . note 2 2013 earnings per share the weighted average number of shares outstanding used to compute earnings per common share were as follows ( in millions ) : .
||2016|2015|2014|
|weighted average common shares outstanding for basic computations|299.3|310.3|316.8|
|weighted average dilutive effect of equity awards|3.8|4.4|5.6|
|weighted average common shares outstanding for dilutedcomputations|303.1|314.7|322.4|
we compute basic and diluted earnings per common share by dividing net earnings by the respective weighted average number of common shares outstanding for the periods presented . our calculation of diluted earnings per common share also includes the dilutive effects for the assumed vesting of outstanding restricted stock units and exercise of outstanding stock options based on the treasury stock method . there were no anti-dilutive equity awards for the years ended december 31 , 2016 , 2015 and 2014 . note 3 2013 acquisitions and divestitures acquisitions acquisition of sikorsky aircraft corporation on november 6 , 2015 , we completed the acquisition of sikorsky aircraft corporation and certain affiliated companies ( collectively 201csikorsky 201d ) from united technologies corporation ( utc ) and certain of utc 2019s subsidiaries . the purchase price of the acquisition was $ 9.0 billion , net of cash acquired . as a result of the acquisition , sikorsky became a wholly- owned subsidiary of ours . sikorsky is a global company primarily engaged in the research , design , development , manufacture and support of military and commercial helicopters . sikorsky 2019s products include military helicopters such as the black hawk , seahawk , ch-53k , h-92 ; and commercial helicopters such as the s-76 and s-92 . the acquisition enables us to extend our core business into the military and commercial rotary wing markets , allowing us to strengthen our position in the aerospace and defense industry . further , this acquisition will expand our presence in commercial and international markets . sikorsky has been aligned under our rms business segment . to fund the $ 9.0 billion acquisition price , we utilized $ 6.0 billion of proceeds borrowed under a temporary 364-day revolving credit facility ( the 364-day facility ) , $ 2.0 billion of cash on hand and $ 1.0 billion from the issuance of commercial paper . in the fourth quarter of 2015 , we repaid all outstanding borrowings under the 364-day facility with the proceeds from the issuance of $ 7.0 billion of fixed interest-rate long-term notes in a public offering ( the november 2015 notes ) . in the fourth quarter of 2015 , we also repaid the $ 1.0 billion in commercial paper borrowings ( see 201cnote 10 2013 debt 201d ) . .
Question: what were the average number of weighted average common shares outstanding for diluted computations in millions from 2014 to 2016? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
1.54348 | Context:4 4 m a n a g e m e n t 2019 s d i s c u s s i o n notes to table ( continued ) ( a ) ( continued ) management believes that operating income , as adjusted , and operating margin , as adjusted , are effective indicators of blackrock 2019s financial performance over time . as such , management believes that operating income , as adjusted , and operating margin , as adjusted , provide useful disclosure to investors . operating income , as adjusted : bgi transaction and integration costs recorded in 2010 and 2009 consist principally of certain advisory payments , compensation expense , legal fees , marketing and promotional , occupancy and consulting expenses incurred in conjunction with the bgi transaction . restructuring charges recorded in 2009 and 2008 consist of compensation costs , occupancy costs and professional fees . the expenses associated with restructuring and bgi transaction and integration costs have been deemed non-recurring by management and have been excluded from operating income , as adjusted , to help enhance the comparability of this information to the current reporting periods . as such , management believes that operating margins exclusive of these costs are useful measures in evaluating blackrock 2019s operating performance for the respective periods . the portion of compensation expense associated with certain long-term incentive plans ( 201cltip 201d ) that will be funded through the distribution to participants of shares of blackrock stock held by pnc and a merrill lynch cash compensation contribution , a portion of which has been received , have been excluded because these charges ultimately do not impact blackrock 2019s book value . compensation expense associated with appreciation/ ( depreciation ) on investments related to certain blackrock deferred compensation plans has been excluded as returns on investments set aside for these plans , which substantially offset this expense , are reported in non-operating income ( expense ) . operating margin , as adjusted : operating income used for measuring operating margin , as adjusted , is equal to operating income , as adjusted , excluding the impact of closed-end fund launch costs and commissions . management believes that excluding such costs and commissions is useful because these costs can fluctuate considerably and revenues associated with the expenditure of these costs will not fully impact the company 2019s results until future periods . operating margin , as adjusted , allows the company to compare performance from period-to-period by adjusting for items that may not recur , recur infrequently or may fluctuate based on market movements , such as restructuring charges , transaction and integration costs , closed-end fund launch costs , commissions paid to certain employees as compensation and fluctua- tions in compensation expense based on mark-to-market movements in investments held to fund certain compensation plans . the company also uses operating margin , as adjusted , to monitor corporate performance and efficiency and as a benchmark to compare its performance to other companies . management uses both the gaap and non-gaap financial measures in evaluating the financial performance of blackrock . the non-gaap measure by itself may pose limitations because it does not include all of the company 2019s revenues and expenses . revenue used for operating margin , as adjusted , excludes distribution and servicing costs paid to related parties and other third parties . management believes that excluding such costs is useful to blackrock because it creates consistency in the treatment for certain contracts for similar services , which due to the terms of the contracts , are accounted for under gaap on a net basis within investment advisory , administration fees and securities lending revenue . amortization of deferred sales commissions is excluded from revenue used for operating margin measurement , as adjusted , because such costs , over time , offset distribution fee revenue earned by the company . reimbursable property management compensation represented com- pensation and benefits paid to personnel of metric property management , inc . ( 201cmetric 201d ) , a subsidiary of blackrock realty advisors , inc . ( 201crealty 201d ) . prior to the transfer in 2008 , these employees were retained on metric 2019s payroll when certain properties were acquired by realty 2019s clients . the related compensation and benefits were fully reimbursed by realty 2019s clients and have been excluded from revenue used for operating margin , as adjusted , because they did not bear an economic cost to blackrock . for each of these items , blackrock excludes from revenue used for operating margin , as adjusted , the costs related to each of these items as a proxy for such offsetting revenues . ( b ) non-operating income ( expense ) , less net income ( loss ) attributable to non-controlling interests , as adjusted : non-operating income ( expense ) , less net income ( loss ) attributable to non-controlling interests ( 201cnci 201d ) , as adjusted , equals non-operating income ( expense ) , gaap basis , less net income ( loss ) attributable to nci , gaap basis , adjusted for compensation expense associated with depreciation/ ( appreciation ) on investments related to certain blackrock deferred compensation plans . the compensation expense offset is recorded in operating income . this compensation expense has been included in non-operating income ( expense ) , less net income ( loss ) attributable to nci , as adjusted , to offset returns on investments set aside for these plans , which are reported in non-operating income ( expense ) , gaap basis. .
|( dollar amounts in millions )|yearended december 31 , 2010|yearended december 31 , 2009|yearended december 31 , 2008|
|non-operating income ( expense ) gaap basis|$ 23|$ -6 ( 6 )|$ -577 ( 577 )|
|less : net income ( loss ) attributable to nci|-13 ( 13 )|22|-155 ( 155 )|
|non-operating income ( expense ) ( 1 )|36|-28 ( 28 )|-422 ( 422 )|
|compensation expense related to ( appreciation ) /depreciation on deferred compensation plans|-11 ( 11 )|-18 ( 18 )|38|
|non-operating income ( expense ) less net income ( loss ) attributable to nci as adjusted|$ 25|$ -46 ( 46 )|$ -384 ( 384 )|
non-operating income ( expense ) ( 1 ) 36 ( 28 ) ( 422 ) compensation expense related to ( appreciation ) / depreciation on deferred compensation plans ( 11 ) ( 18 ) 38 non-operating income ( expense ) , less net income ( loss ) attributable to nci , as adjusted $ 25 ( $ 46 ) ( $ 384 ) ( 1 ) net of net income ( loss ) attributable to non-controlling interests . management believes that non-operating income ( expense ) , less net income ( loss ) attributable to nci , as adjusted , provides for comparability of this information to prior periods and is an effective measure for reviewing blackrock 2019s non-operating contribution to its results . as compensation expense associated with ( appreciation ) /depreciation on investments related to certain deferred compensation plans , which is included in operating income , offsets the gain/ ( loss ) on the investments set aside for these plans , management believes that non-operating income ( expense ) , less net income ( loss ) attributable to nci , as adjusted , provides a useful measure , for both management and investors , of blackrock 2019s non-operating results that impact book value. .
Question: what is the percent change in non-operating income ( expense ) less net income ( loss ) attributable to nci as adjusted from 2009 to 2010? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
Subsets and Splits