answer
stringlengths 2
16
| text
stringlengths 520
16.2k
| instruction
stringclasses 1
value |
|---|---|---|
0.04345 | Context:the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2010 , 2009 , and 2008 ( 3 ) multilateral loans include loans funded and guaranteed by bilaterals , multilaterals , development banks and other similar institutions . ( 4 ) non-recourse debt of $ 708 million as of december 31 , 2009 was excluded from non-recourse debt and included in current and long-term liabilities of held for sale and discontinued businesses in the accompanying consolidated balance sheets . non-recourse debt as of december 31 , 2010 is scheduled to reach maturity as set forth in the table below : december 31 , annual maturities ( in millions ) .
|december 31,|annual maturities ( in millions )|
|2011|$ 2577|
|2012|657|
|2013|953|
|2014|1839|
|2015|1138|
|thereafter|7957|
|total non-recourse debt|$ 15121|
as of december 31 , 2010 , aes subsidiaries with facilities under construction had a total of approximately $ 432 million of committed but unused credit facilities available to fund construction and other related costs . excluding these facilities under construction , aes subsidiaries had approximately $ 893 million in a number of available but unused committed revolving credit lines to support their working capital , debt service reserves and other business needs . these credit lines can be used in one or more of the following ways : solely for borrowings ; solely for letters of credit ; or a combination of these uses . the weighted average interest rate on borrowings from these facilities was 3.24% ( 3.24 % ) at december 31 , 2010 . non-recourse debt covenants , restrictions and defaults the terms of the company 2019s non-recourse debt include certain financial and non-financial covenants . these covenants are limited to subsidiary activity and vary among the subsidiaries . these covenants may include but are not limited to maintenance of certain reserves , minimum levels of working capital and limitations on incurring additional indebtedness . compliance with certain covenants may not be objectively determinable . as of december 31 , 2010 and 2009 , approximately $ 803 million and $ 653 million , respectively , of restricted cash was maintained in accordance with certain covenants of the non-recourse debt agreements , and these amounts were included within 201crestricted cash 201d and 201cdebt service reserves and other deposits 201d in the accompanying consolidated balance sheets . various lender and governmental provisions restrict the ability of certain of the company 2019s subsidiaries to transfer their net assets to the parent company . such restricted net assets of subsidiaries amounted to approximately $ 5.4 billion at december 31 , 2010. .
Question: what percentage of total non-recourse debt as of december 31 , 2010 is due in 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: |
0.5493 | Context:management 2019s discussion and analysis of financial condition and results of operations state street corporation | 90 table 30 : total deposits average balance december 31 years ended december 31 .
|( in millions )|december 31 2017|december 31 2016|december 31 2017|2016|
|client deposits|$ 180149|$ 176693|$ 158996|$ 156029|
|wholesale cds|4747|10470|4812|14456|
|total deposits|$ 184896|$ 187163|$ 163808|$ 170485|
short-term funding our on-balance sheet liquid assets are also an integral component of our liquidity management strategy . these assets provide liquidity through maturities of the assets , but more importantly , they provide us with the ability to raise funds by pledging the securities as collateral for borrowings or through outright sales . in addition , our access to the global capital markets gives us the ability to source incremental funding at reasonable rates of interest from wholesale investors . as discussed earlier under 201casset liquidity , 201d state street bank's membership in the fhlb allows for advances of liquidity with varying terms against high-quality collateral . short-term secured funding also comes in the form of securities lent or sold under agreements to repurchase . these transactions are short-term in nature , generally overnight , and are collateralized by high-quality investment securities . these balances were $ 2.84 billion and $ 4.40 billion as of december 31 , 2017 and december 31 , 2016 , respectively . state street bank currently maintains a line of credit with a financial institution of cad 1.40 billion , or approximately $ 1.11 billion as of december 31 , 2017 , to support its canadian securities processing operations . the line of credit has no stated termination date and is cancelable by either party with prior notice . as of december 31 , 2017 , there was no balance outstanding on this line of credit . long-term funding we have the ability to issue debt and equity securities under our current universal shelf registration to meet current commitments and business needs , including accommodating the transaction and cash management needs of our clients . in addition , state street bank , a wholly owned subsidiary of the parent company , also has authorization to issue up to $ 5 billion in unsecured senior debt and an additional $ 500 million of subordinated debt . agency credit ratings our ability to maintain consistent access to liquidity is fostered by the maintenance of high investment-grade ratings as measured by the major independent credit rating agencies . factors essential to maintaining high credit ratings include : 2022 diverse and stable core earnings ; 2022 relative market position ; 2022 strong risk management ; 2022 strong capital ratios ; 2022 diverse liquidity sources , including the global capital markets and client deposits ; 2022 strong liquidity monitoring procedures ; and 2022 preparedness for current or future regulatory developments . high ratings limit borrowing costs and enhance our liquidity by : 2022 providing assurance for unsecured funding and depositors ; 2022 increasing the potential market for our debt and improving our ability to offer products ; 2022 serving markets ; and 2022 engaging in transactions in which clients value high credit ratings . a downgrade or reduction of our credit ratings could have a material adverse effect on our liquidity by restricting our ability to access the capital markets , which could increase the related cost of funds . in turn , this could cause the sudden and large-scale withdrawal of unsecured deposits by our clients , which could lead to draw-downs of unfunded commitments to extend credit or trigger requirements under securities purchase commitments ; or require additional collateral or force terminations of certain trading derivative contracts . a majority of our derivative contracts have been entered into under bilateral agreements with counterparties who may require us to post collateral or terminate the transactions based on changes in our credit ratings . we assess the impact of these arrangements by determining the collateral that would be required assuming a downgrade by all rating agencies . the additional collateral or termination payments related to our net derivative liabilities under these arrangements that could have been called by counterparties in the event of a downgrade in our credit ratings below levels specified in the agreements is disclosed in note 10 to the consolidated financial statements included under item 8 , financial statements and supplementary data , of this form 10-k . other funding sources , such as secured financing transactions and other margin requirements , for which there are no explicit triggers , could also be adversely affected. .
Question: what percent higher is 2016's balance of collateral in the form of high-quality investment securities than 2017's balance? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.18542 | Context:notes to the consolidated financial statements union pacific corporation and subsidiary companies for purposes of this report , unless the context otherwise requires , all references herein to the 201ccorporation 201d , 201cupc 201d , 201cwe 201d , 201cus 201d , and 201cour 201d mean union pacific corporation and its subsidiaries , including union pacific railroad company , which will be separately referred to herein as 201cuprr 201d or the 201crailroad 201d . 1 . nature of operations and significant accounting policies operations and segmentation 2013 we are a class i railroad that operates in the united states . we have 32012 route miles , linking pacific coast and gulf coast ports with the midwest and eastern united states gateways and providing several corridors to key mexican gateways . we serve the western two- thirds of the country and maintain coordinated schedules with other rail carriers for the handling of freight to and from the atlantic coast , the pacific coast , the southeast , the southwest , canada , and mexico . export and import traffic is moved through gulf coast and pacific coast ports and across the mexican and canadian borders . the railroad , along with its subsidiaries and rail affiliates , is our one reportable operating segment . although revenues are analyzed by commodity group , we analyze the net financial results of the railroad as one segment due to the integrated nature of our rail network . the following table provides revenue by commodity group : millions of dollars 2008 2007 2006 .
|millions of dollars|2008|2007|2006|
|agricultural|$ 3174|$ 2605|$ 2385|
|automotive|1344|1458|1427|
|chemicals|2494|2287|2084|
|energy|3810|3134|2949|
|industrial products|3273|3077|3135|
|intermodal|3023|2925|2811|
|total freight revenues|$ 17118|$ 15486|$ 14791|
|other revenues|852|797|787|
|total operating revenues|$ 17970|$ 16283|$ 15578|
basis of presentation 2013 certain prior year amounts have been reclassified to conform to the current period financial statement presentation . the reclassifications include reporting freight revenues instead of commodity revenues . the amounts reclassified from freight revenues to other revenues totaled $ 30 million and $ 71 million for the years ended december 31 , 2007 , and december 31 , 2006 , respectively . in addition , we modified our operating expense categories to report fuel used in railroad operations as a stand-alone category , to combine purchased services and materials into one line , and to reclassify certain other expenses among operating expense categories . these reclassifications had no impact on previously reported operating revenues , total operating expenses , operating income or net income . significant accounting policies principles of consolidation 2013 the consolidated financial statements include the accounts of union pacific corporation and all of its subsidiaries . investments in affiliated companies ( 20% ( 20 % ) to 50% ( 50 % ) owned ) are accounted for using the equity method of accounting . all significant intercompany transactions are eliminated . the corporation evaluates its less than majority-owned investments for consolidation .
Question: in 2008 what was the percent of the total freight revenues that was related to agricultural | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.30779 | Context:the following is a summary of our floor space by business segment at december 31 , 2010 : ( square feet in millions ) owned leased government- owned total .
|( square feet in millions )|owned|leased|government-owned|total|
|aeronautics|5.2|3.7|15.2|24.1|
|electronic systems|10.3|11.5|7.1|28.9|
|information systems & global solutions|2.6|7.9|2014|10.5|
|space systems|8.6|1.6|.9|11.1|
|corporate activities|2.9|.8|2014|3.7|
|total|29.6|25.5|23.2|78.3|
some of our owned properties , primarily classified under corporate activities , are leased to third parties . in the area of manufacturing , most of the operations are of a job-order nature , rather than an assembly line process , and productive equipment has multiple uses for multiple products . management believes that all of our major physical facilities are in good condition and are adequate for their intended use . item 3 . legal proceedings we are a party to or have property subject to litigation and other proceedings , including matters arising under provisions relating to the protection of the environment . we believe the probability is remote that the outcome of these matters will have a material adverse effect on the corporation as a whole , notwithstanding that the unfavorable resolution of any matter may have a material effect on our net earnings in any particular quarter . we cannot predict the outcome of legal proceedings with certainty . these matters include the proceedings summarized in note 14 2013 legal proceedings , commitments , and contingencies beginning on page 78 of this form 10-k . from time-to-time , agencies of the u.s . government investigate whether our operations are being conducted in accordance with applicable regulatory requirements . u.s . government investigations of us , whether relating to government contracts or conducted for other reasons , could result in administrative , civil , or criminal liabilities , including repayments , fines , or penalties being imposed upon us , or could lead to suspension or debarment from future u.s . government contracting . u.s . government investigations often take years to complete and many result in no adverse action against us . we are subject to federal and state requirements for protection of the environment , including those for discharge of hazardous materials and remediation of contaminated sites . as a result , we are a party to or have our property subject to various lawsuits or proceedings involving environmental protection matters . due in part to their complexity and pervasiveness , such requirements have resulted in us being involved with related legal proceedings , claims , and remediation obligations . the extent of our financial exposure cannot in all cases be reasonably estimated at this time . for information regarding these matters , including current estimates of the amounts that we believe are required for remediation or clean-up to the extent estimable , see 201ccritical accounting policies 2013 environmental matters 201d in management 2019s discussion and analysis of financial condition and results of operations beginning on page 45 , and note 14 2013 legal proceedings , commitments , and contingencies beginning on page 78 of this form 10-k . item 4 . ( removed and reserved ) item 4 ( a ) . executive officers of the registrant our executive officers are listed below , as well as information concerning their age at december 31 , 2010 , positions and offices held with the corporation , and principal occupation and business experience over the past five years . there were no family relationships among any of our executive officers and directors . all officers serve at the pleasure of the board of directors . linda r . gooden ( 57 ) , executive vice president 2013 information systems & global solutions ms . gooden has served as executive vice president 2013 information systems & global solutions since january 2007 . she previously served as deputy executive vice president 2013 information & technology services from october 2006 to december 2006 , and president , lockheed martin information technology from september 1997 to december 2006 . christopher j . gregoire ( 42 ) , vice president and controller ( chief accounting officer ) mr . gregoire has served as vice president and controller ( chief accounting officer ) since march 2010 . he previously was employed by sprint nextel corporation from august 2006 to may 2009 , most recently as principal accounting officer and assistant controller , and was a partner at deloitte & touche llp from september 2003 to july 2006. .
Question: what portion of the total floor space is used by aeronautics? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
58.4 | Context:course of business , we actively manage our exposure to these market risks by entering into various hedging transactions , authorized under established policies that place clear controls on these activities . the counterparties in these transactions are generally highly rated institutions . we establish credit limits for each counterparty . our hedging transactions include but are not limited to a variety of derivative financial instruments . for information on interest rate , foreign exchange , commodity price , and equity instrument risk , please see note 7 to the consolidated financial statements in item 8 of this report . value at risk the estimates in the table below are intended to measure the maximum potential fair value we could lose in one day from adverse changes in market interest rates , foreign exchange rates , commodity prices , and equity prices under normal market conditions . a monte carlo value-at-risk ( var ) methodology was used to quantify the market risk for our exposures . the models assumed normal market conditions and used a 95 percent confidence level . the var calculation used historical interest and foreign exchange rates , and commodity and equity prices from the past year to estimate the potential volatility and correlation of these rates in the future . the market data were drawn from the riskmetrics 2122 data set . the calculations are not intended to represent actual losses in fair value that we expect to incur . further , since the hedging instrument ( the derivative ) inversely correlates with the underlying exposure , we would expect that any loss or gain in the fair value of our derivatives would be generally offset by an increase or decrease in the fair value of the underlying exposure . the positions included in the calculations were : debt ; investments ; interest rate swaps ; foreign exchange forwards ; commodity swaps , futures , and options ; and equity instruments . the calculations do not include the underlying foreign exchange and commodities or equity-related positions that are offset by these market-risk-sensitive instruments . the table below presents the estimated maximum potential var arising from a one-day loss in fair value for our interest rate , foreign currency , commodity , and equity market-risk-sensitive instruments outstanding as of may 27 , 2018 and may 28 , 2017 , and the average fair value impact during the year ended may 27 , 2018. .
|in millions|fair value impact may 27 2018|fair value impact averageduringfiscal 2018|fair value impact may 282017|
|interest rate instruments|$ 33.2|$ 27.5|$ 25.1|
|foreign currency instruments|21.3|23.1|24.6|
|commodity instruments|1.9|2.1|3.2|
|equity instruments|2.0|1.4|1.3|
.
Question: what is the total fair value impact for all instruments as of may 27 , 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: |
0.6627 | Context:part i item 1 entergy corporation , utility operating companies , and system energy louisiana parishes in which it holds non-exclusive franchises . entergy louisiana's electric franchises expire during 2009-2036 . entergy mississippi has received from the mpsc certificates of public convenience and necessity to provide electric service to areas within 45 counties , including a number of municipalities , in western mississippi . under mississippi statutory law , such certificates are exclusive . entergy mississippi may continue to serve in such municipalities upon payment of a statutory franchise fee , regardless of whether an original municipal franchise is still in existence . entergy new orleans provides electric and gas service in the city of new orleans pursuant to city ordinances ( except electric service in algiers , which is provided by entergy louisiana ) . these ordinances contain a continuing option for the city of new orleans to purchase entergy new orleans' electric and gas utility properties . entergy texas holds a certificate of convenience and necessity from the puct to provide electric service to areas within approximately 24 counties in eastern texas , and holds non-exclusive franchises to provide electric service in approximately 65 incorporated municipalities . entergy texas typically is granted 50-year franchises . entergy texas' electric franchises expire during 2009-2045 . the business of system energy is limited to wholesale power sales . it has no distribution franchises . property and other generation resources generating stations the total capability of the generating stations owned and leased by the utility operating companies and system energy as of december 31 , 2008 , is indicated below: .
|company|owned and leased capability mw ( 1 ) total|owned and leased capability mw ( 1 ) gas/oil|owned and leased capability mw ( 1 ) nuclear|owned and leased capability mw ( 1 ) coal|owned and leased capability mw ( 1 ) hydro|
|entergy arkansas|4999|1883|1839|1207|70|
|entergy gulf states louisiana|3574|2240|971|363|-|
|entergy louisiana|5854|4685|1169|-|-|
|entergy mississippi|3224|2804|-|420|-|
|entergy new orleans|745|745|-|-|-|
|entergy texas|2543|2274|-|269|-|
|system energy|1139|-|1139|-|-|
|total|22078|14631|5118|2259|70|
( 1 ) "owned and leased capability" is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel ( assuming no curtailments ) that each station was designed to utilize . the entergy system's load and capacity projections are reviewed periodically to assess the need and timing for additional generating capacity and interconnections . these reviews consider existing and projected demand , the availability and price of power , the location of new load , and the economy . summer peak load in the entergy system service territory has averaged 21039 mw from 2002-2008 . due to changing use patterns , peak load growth has nearly flattened while annual energy use continues to grow . in the 2002 time period , the entergy system's long-term capacity resources , allowing for an adequate reserve margin , were approximately 3000 mw less than the total capacity required for peak period demands . in this time period entergy met its capacity shortages almost entirely through short-term power purchases in the wholesale spot market . in the fall of 2002 , the entergy system began a program to add new resources to its existing generation portfolio and began a process of issuing .
Question: what portion of the total properties operated by entergy corporation are used by gas/oil stations? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-4.75385 | Context:entergy arkansas , inc . management's financial discussion and analysis operating activities cash flow from operations increased $ 8.8 million in 2004 compared to 2003 primarily due to income tax benefits received in 2004 , and increased recovery of deferred fuel costs . this increase was substantially offset by money pool activity . in 2003 , the domestic utility companies and system energy filed , with the irs , a change in tax accounting method notification for their respective calculations of cost of goods sold . the adjustment implemented a simplified method of allocation of overhead to the production of electricity , which is provided under the irs capitalization regulations . the cumulative adjustment placing these companies on the new methodology resulted in a $ 1.171 billion deduction for entergy arkansas on entergy's 2003 income tax return . there was no cash benefit from the method change in 2003 . in 2004 , entergy arkansas realized $ 173 million in cash tax benefit from the method change . this tax accounting method change is an issue across the utility industry and will likely be challenged by the irs on audit . as of december 31 , 2004 , entergy arkansas has a net operating loss ( nol ) carryforward for tax purposes of $ 766.9 million , principally resulting from the change in tax accounting method related to cost of goods sold . if the tax accounting method change is sustained , entergy arkansas expects to utilize the nol carryforward through 2006 . cash flow from operations increased $ 80.1 million in 2003 compared to 2002 primarily due to income taxes paid of $ 2.2 million in 2003 compared to income taxes paid of $ 83.9 million in 2002 , and money pool activity . this increase was partially offset by decreased recovery of deferred fuel costs in 2003 . entergy arkansas' receivables from or ( payables to ) the money pool were as follows as of december 31 for each of the following years: .
|2004|2003|2002|2001|
|( in thousands )|( in thousands )|( in thousands )|( in thousands )|
|$ 23561|( $ 69153 )|$ 4279|$ 23794|
money pool activity used $ 92.7 million of entergy arkansas' operating cash flow in 2004 , provided $ 73.4 million in 2003 , and provided $ 19.5 million in 2002 . see note 4 to the domestic utility companies and system energy financial statements for a description of the money pool . investing activities the decrease of $ 68.1 million in net cash used in investing activities in 2004 compared to 2003 was primarily due to a decrease in construction expenditures resulting from less transmission upgrade work requested by merchant generators in 2004 combined with lower spending on customer support projects in 2004 . the increase of $ 88.1 million in net cash used in investing activities in 2003 compared to 2002 was primarily due to an increase in construction expenditures of $ 57.4 million and the maturity of $ 38.4 million of other temporary investments in the first quarter of 2002 . construction expenditures increased in 2003 primarily due to the following : 2022 a ferc ruling that shifted responsibility for transmission upgrade work performed for independent power producers to entergy arkansas ; and 2022 the ano 1 steam generator , reactor vessel head , and transformer replacement project . financing activities the decrease of $ 90.7 million in net cash used in financing activities in 2004 compared to 2003 was primarily due to the net redemption of $ 2.4 million of long-term debt in 2004 compared to $ 109.3 million in 2003 , partially offset by the payment of $ 16.2 million more in common stock dividends during the same period. .
Question: what is the net cash flow from money pool activity related to entergy arkansas in the last three years? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
1.14545 | Context:2018 a0form 10-k18 item 7 . management 2019s discussion and analysis of financial condition and results of operations . this management 2019s discussion and analysis of financial condition and results of operations should be read in conjunction with our discussion of cautionary statements and significant risks to the company 2019s business under item 1a . risk factors of the 2018 form a010-k . overview our sales and revenues for 2018 were $ 54.722 billion , a 20 a0percent increase from 2017 sales and revenues of $ 45.462 a0billion . the increase was primarily due to higher sales volume , mostly due to improved demand across all regions and across the three primary segments . profit per share for 2018 was $ 10.26 , compared to profit per share of $ 1.26 in 2017 . profit was $ 6.147 billion in 2018 , compared with $ 754 million in 2017 . the increase was primarily due to lower tax expense , higher sales volume , decreased restructuring costs and improved price realization . the increase was partially offset by higher manufacturing costs and selling , general and administrative ( sg&a ) and research and development ( r&d ) expenses and lower profit from the financial products segment . fourth-quarter 2018 sales and revenues were $ 14.342 billion , up $ 1.446 billion , or 11 percent , from $ 12.896 billion in the fourth quarter of 2017 . fourth-quarter 2018 profit was $ 1.78 per share , compared with a loss of $ 2.18 per share in the fourth quarter of 2017 . fourth-quarter 2018 profit was $ 1.048 billion , compared with a loss of $ 1.299 billion in 2017 . highlights for 2018 include : zz sales and revenues in 2018 were $ 54.722 billion , up 20 a0percent from 2017 . sales improved in all regions and across the three primary segments . zz operating profit as a percent of sales and revenues was 15.2 a0percent in 2018 , compared with 9.8 percent in 2017 . adjusted operating profit margin was 15.9 percent in 2018 , compared with 12.5 percent in 2017 . zz profit was $ 10.26 per share for 2018 , and excluding the items in the table below , adjusted profit per share was $ 11.22 . for 2017 profit was $ 1.26 per share , and excluding the items in the table below , adjusted profit per share was $ 6.88 . zz in order for our results to be more meaningful to our readers , we have separately quantified the impact of several significant items: .
|( millions of dollars )|full year 2018 profit before taxes|full year 2018 profitper share|full year 2018 profit before taxes|profitper share|
|profit|$ 7822|$ 10.26|$ 4082|$ 1.26|
|restructuring costs|386|0.50|1256|1.68|
|mark-to-market losses|495|0.64|301|0.26|
|deferred tax valuation allowance adjustments|2014|-0.01 ( 0.01 )|2014|-0.18 ( 0.18 )|
|u.s . tax reform impact|2014|-0.17 ( 0.17 )|2014|3.95|
|gain on sale of equity investment|2014|2014|-85 ( 85 )|-0.09 ( 0.09 )|
|adjusted profit|$ 8703|$ 11.22|$ 5554|$ 6.88|
zz machinery , energy & transportation ( me&t ) operating cash flow for 2018 was about $ 6.3 billion , more than sufficient to cover capital expenditures and dividends . me&t operating cash flow for 2017 was about $ 5.5 billion . restructuring costs in recent years , we have incurred substantial restructuring costs to achieve a flexible and competitive cost structure . during 2018 , we incurred $ 386 million of restructuring costs related to restructuring actions across the company . during 2017 , we incurred $ 1.256 billion of restructuring costs with about half related to the closure of the facility in gosselies , belgium , and the remainder related to other restructuring actions across the company . although we expect restructuring to continue as part of ongoing business activities , restructuring costs should be lower in 2019 than 2018 . notes : zz glossary of terms included on pages 33-34 ; first occurrence of terms shown in bold italics . zz information on non-gaap financial measures is included on pages 42-43. .
Question: what was the growth rate for the machinery , energy & transportation ( me&t ) operating cash flow 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: |
117.12 | Context:mutual and pooled funds shares of mutual funds are valued at the net asset value ( nav ) quoted on the exchange where the fund is traded and are classified as level 1 assets . units of pooled funds are valued at the per unit nav determined by the fund manager and are classified as level 2 assets . the investments are utilizing nav as a practical expedient for fair value . corporate and government bonds corporate and government bonds are classified as level 2 assets , as they are either valued at quoted market prices from observable pricing sources at the reporting date or valued based upon comparable securities with similar yields and credit ratings . mortgage and asset-backed securities mortgage and asset 2013backed securities are classified as level 2 assets , as they are either valued at quoted market prices from observable pricing sources at the reporting date or valued based upon comparable securities with similar yields , credit ratings , and purpose of the underlying loan . real estate pooled funds real estate pooled funds are classified as level 3 assets , as they are carried at the estimated fair value of the underlying properties . estimated fair value is calculated utilizing a combination of key inputs , such as revenue and expense growth rates , terminal capitalization rates , and discount rates . these key inputs are consistent with practices prevailing within the real estate investment management industry . other pooled funds other pooled funds classified as level 2 assets are valued at the nav of the shares held at year end , which is based on the fair value of the underlying investments . securities and interests classified as level 3 are carried at the estimated fair value of the underlying investments . the underlying investments are valued based on bids from brokers or other third-party vendor sources that utilize expected cash flow streams and other uncorroborated data , including counterparty credit quality , default risk , discount rates , and the overall capital market liquidity . insurance contracts insurance contracts are classified as level 3 assets , as they are carried at contract value , which approximates the estimated fair value . the estimated fair value is based on the fair value of the underlying investment of the insurance company . contributions and projected benefit payments pension contributions to funded plans and benefit payments for unfunded plans for fiscal year 2015 were $ 137.5 . contributions resulted primarily from an assessment of long-term funding requirements of the plans and tax planning . benefit payments to unfunded plans were due primarily to the timing of retirements and cost reduction actions . we anticipate contributing $ 100 to $ 120 to the defined benefit pension plans in 2016 . these contributions are driven primarily by benefit payments for unfunded plans , which are dependent upon timing of retirements and actions to reorganize the business . projected benefit payments , which reflect expected future service , are as follows: .
||u.s .|international|
|2016|$ 129.0|$ 52.0|
|2017|135.8|53.5|
|2018|142.2|55.3|
|2019|149.6|57.5|
|2020|157.4|57.8|
|2021 20132025|917.9|332.3|
these estimated benefit payments are based on assumptions about future events . actual benefit payments may vary significantly from these estimates. .
Question: considering the years 2021-2025 , what is the difference between the average projected benefit payments for the u.s . and international? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.67859 | Context:contractual obligations the following table includes aggregated information about citigroup 2019s contractual obligations that impact its short- and long-term liquidity and capital needs . the table includes information about payments due under specified contractual obligations , aggregated by type of contractual obligation . it includes the maturity profile of the company 2019s consolidated long-term debt , operating leases and other long-term liabilities . the company 2019s capital lease obligations are included in purchase obligations in the table . citigroup 2019s contractual obligations include purchase obligations that are enforceable and legally binding for the company . for the purposes of the table below , purchase obligations are included through the termination date of the respective agreements , even if the contract is renewable . many of the purchase agreements for goods or services include clauses that would allow the company to cancel the agreement with specified notice ; however , that impact is not included in the table ( unless citigroup has already notified the counterparty of its intention to terminate the agreement ) . other liabilities reflected on the company 2019s consolidated balance sheet include obligations for goods and services that have already been received , litigation settlements , uncertain tax positions , as well as other long-term liabilities that have been incurred and will ultimately be paid in cash . excluded from the following table are obligations that are generally short term in nature , including deposit liabilities and securities sold under agreements to repurchase . the table also excludes certain insurance and investment contracts subject to mortality and morbidity risks or without defined maturities , such that the timing of payments and withdrawals is uncertain . the liabilities related to these insurance and investment contracts are included on the consolidated balance sheet as insurance policy and claims reserves , contractholder funds , and separate and variable accounts . citigroup 2019s funding policy for pension plans is generally to fund to the minimum amounts required by the applicable laws and regulations . at december 31 , 2008 , there were no minimum required contributions , and no contributions are currently planned for the u.s . pension plans . accordingly , no amounts have been included in the table below for future contributions to the u.s . pension plans . for the non-u.s . plans , discretionary contributions in 2009 are anticipated to be approximately $ 167 million and this amount has been included in purchase obligations in the table below . the estimated pension plan contributions are subject to change , since contribution decisions are affected by various factors , such as market performance , regulatory and legal requirements , and management 2019s ability to change funding policy . for additional information regarding the company 2019s retirement benefit obligations , see note 9 to the consolidated financial statements on page 144. .
|in millions of dollars at year end|contractual obligations by year 2009|contractual obligations by year 2010|contractual obligations by year 2011|contractual obligations by year 2012|contractual obligations by year 2013|contractual obligations by year thereafter|
|long-term debt obligations ( 1 )|$ 88472|$ 41431|$ 42112|$ 27999|$ 25955|$ 133624|
|operating lease obligations|1470|1328|1134|1010|922|3415|
|purchase obligations|2214|750|700|444|395|1316|
|other liabilities reflected on the company 2019s consolidated balance sheet ( 2 )|38221|792|35|36|38|3193|
|total|$ 130377|$ 44301|$ 43981|$ 29489|$ 27310|$ 141548|
( 1 ) for additional information about long-term debt and trust preferred securities , see note 20 to the consolidated financial statements on page 169 . ( 2 ) relates primarily to accounts payable and accrued expenses included in other liabilities in the company 2019s consolidated balance sheet . also included are various litigation settlements. .
Question: what percentage of total contractual obligations due in 2009 are comprised of long-term debt obligations? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.26539 | Context:the weighted average grant date fair value of options granted during 2012 , 2011 , and 2010 was $ 13 , $ 19 and $ 20 per share , respectively . the total intrinsic value of options exercised during the years ended december 31 , 2012 , 2011 and 2010 , was $ 19.0 million , $ 4.2 million and $ 15.6 million , respectively . in 2012 , the company granted 931340 shares of restricted class a common stock and 4048 shares of restricted stock units . restricted common stock and restricted stock units generally have a vesting period of 2 to 4 years . the fair value related to these grants was $ 54.5 million , which is recognized as compensation expense on an accelerated basis over the vesting period . beginning with restricted stock grants in september 2010 , dividends are accrued on restricted class a common stock and restricted stock units and are paid once the restricted stock vests . in 2012 , the company also granted 138410 performance shares . the fair value related to these grants was $ 7.7 million , which is recognized as compensation expense on an accelerated and straight-lined basis over the vesting period . the vesting of these shares is contingent on meeting stated performance or market conditions . the following table summarizes restricted stock , restricted stock units , and performance shares activity for 2012 : number of shares weighted average grant date fair value outstanding at december 31 , 2011 . . . . . . . . . . . . . . 1432610 $ 57 .
||number of shares|weightedaveragegrant datefair value|
|outstanding at december 31 2011|1432610|$ 57|
|granted|1073798|54|
|vested|-366388 ( 366388 )|55|
|cancelled|-226493 ( 226493 )|63|
|outstanding at december 31 2012|1913527|54|
outstanding at december 31 , 2012 . . . . . . . . . . . . . . 1913527 54 the total fair value of restricted stock , restricted stock units , and performance shares that vested during the years ended december 31 , 2012 , 2011 and 2010 , was $ 20.9 million , $ 11.6 million and $ 10.3 million , respectively . eligible employees may acquire shares of class a common stock using after-tax payroll deductions made during consecutive offering periods of approximately six months in duration . shares are purchased at the end of each offering period at a price of 90% ( 90 % ) of the closing price of the class a common stock as reported on the nasdaq global select market . compensation expense is recognized on the dates of purchase for the discount from the closing price . in 2012 , 2011 and 2010 , a total of 27768 , 32085 and 21855 shares , respectively , of class a common stock were issued to participating employees . these shares are subject to a six-month holding period . annual expense of $ 0.1 million , $ 0.2 million and $ 0.1 million for the purchase discount was recognized in 2012 , 2011 and 2010 , respectively . non-executive directors receive an annual award of class a common stock with a value equal to $ 75000 . non-executive directors may also elect to receive some or all of the cash portion of their annual stipend , up to $ 25000 , in shares of stock based on the closing price at the date of distribution . as a result , 40260 , 40585 and 37350 shares of class a common stock were issued to non-executive directors during 2012 , 2011 and 2010 , respectively . these shares are not subject to any vesting restrictions . expense of $ 2.2 million , $ 2.1 million and $ 2.4 million related to these stock-based payments was recognized for the years ended december 31 , 2012 , 2011 and 2010 , respectively . 19 . fair value measurements in general , the company uses quoted prices in active markets for identical assets to determine the fair value of marketable securities and equity investments . level 1 assets generally include u.s . treasury securities , equity securities listed in active markets , and investments in publicly traded mutual funds with quoted market prices . if quoted prices are not available to determine fair value , the company uses other inputs that are directly observable . assets included in level 2 generally consist of asset- backed securities , municipal bonds , u.s . government agency securities and interest rate swap contracts . asset-backed securities , municipal bonds and u.s . government agency securities were measured at fair value based on matrix pricing using prices of similar securities with similar inputs such as maturity dates , interest rates and credit ratings . the company determined the fair value of its interest rate swap contracts using standard valuation models with market-based observable inputs including forward and spot exchange rates and interest rate curves. .
Question: what is the percentage change in the total value of outstanding balance 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: |
0.45 | Context:stock performance graph : the graph below shows the cumulative total shareholder return assuming the investment of $ 100 , on december 31 , 2013 , and the reinvestment of dividends thereafter , if any , in the company 2019s common stock versus the standard and poor 2019s s&p 500 retail index ( 201cs&p 500 retail index 201d ) and the standard and poor 2019s s&p 500 index ( 201cs&p 500 201d ) . .
|company/index|december 31 , 2013|december 31 , 2014|december 31 , 2015|december 31 , 2016|december 31 , 2017|december 31 , 2018|
|o 2019reilly automotive inc .|$ 100|$ 150|$ 197|$ 216|$ 187|$ 268|
|s&p 500 retail index|100|110|137|143|184|208|
|s&p 500|$ 100|$ 111|$ 111|$ 121|$ 145|$ 136|
.
Question: what is the roi of an investment in s&p500 from 2013 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: |
0.15801 | Context:contributions and expected benefit payments the funding of our qualified defined benefit pension plans is determined in accordance with erisa , as amended by the ppa , and in a manner consistent with cas and internal revenue code rules . in 2015 , we made $ 5 million in contributions to our new sikorsky bargained qualified defined benefit pension plan and we plan to make approximately $ 25 million in contributions to this plan in 2016 . the following table presents estimated future benefit payments , which reflect expected future employee service , as of december 31 , 2015 ( in millions ) : .
||2016|2017|2018|2019|2020|2021 - 2025|
|qualified defined benefit pension plans|$ 2160|$ 2240|$ 2320|$ 2410|$ 2500|$ 13670|
|retiree medical and life insurance plans|190|190|200|200|200|940|
defined contribution plans we maintain a number of defined contribution plans , most with 401 ( k ) features , that cover substantially all of our employees . under the provisions of our 401 ( k ) plans , we match most employees 2019 eligible contributions at rates specified in the plan documents . our contributions were $ 393 million in 2015 , $ 385 million in 2014 and $ 383 million in 2013 , the majority of which were funded in our common stock . our defined contribution plans held approximately 40.0 million and 41.7 million shares of our common stock as of december 31 , 2015 and 2014 . note 12 2013 stockholders 2019 equity at december 31 , 2015 and 2014 , our authorized capital was composed of 1.5 billion shares of common stock and 50 million shares of series preferred stock . of the 305 million shares of common stock issued and outstanding as of december 31 , 2015 , 303 million shares were considered outstanding for balance sheet presentation purposes ; the remaining shares were held in a separate trust . of the 316 million shares of common stock issued and outstanding as of december 31 , 2014 , 314 million shares were considered outstanding for balance sheet presentation purposes ; the remaining shares were held in a separate trust . no shares of preferred stock were issued and outstanding at december 31 , 2015 or 2014 . repurchases of common stock during 2015 , we repurchased 15.2 million shares of our common stock for $ 3.1 billion . during 2014 and 2013 , we paid $ 1.9 billion and $ 1.8 billion to repurchase 11.5 million and 16.2 million shares of our common stock . on september 24 , 2015 , our board of directors approved a $ 3.0 billion increase to our share repurchase program . inclusive of this increase , the total remaining authorization for future common share repurchases under our program was $ 3.6 billion as of december 31 , 2015 . as we repurchase our common shares , we reduce common stock for the $ 1 of par value of the shares repurchased , with the excess purchase price over par value recorded as a reduction of additional paid-in capital . due to the volume of repurchases made under our share repurchase program , additional paid-in capital was reduced to zero , with the remainder of the excess purchase price over par value of $ 2.4 billion and $ 1.1 billion recorded as a reduction of retained earnings in 2015 and 2014 . we paid dividends totaling $ 1.9 billion ( $ 6.15 per share ) in 2015 , $ 1.8 billion ( $ 5.49 per share ) in 2014 and $ 1.5 billion ( $ 4.78 per share ) in 2013 . we have increased our quarterly dividend rate in each of the last three years , including a 10% ( 10 % ) increase in the quarterly dividend rate in the fourth quarter of 2015 . we declared quarterly dividends of $ 1.50 per share during each of the first three quarters of 2015 and $ 1.65 per share during the fourth quarter of 2015 ; $ 1.33 per share during each of the first three quarters of 2014 and $ 1.50 per share during the fourth quarter of 2014 ; and $ 1.15 per share during each of the first three quarters of 2013 and $ 1.33 per share during the fourth quarter of 2013. .
Question: as of december 2015 what was the ratio of the estimated future benefit payments due in 2016 compared to after 2021 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.05999 | Context:lockheed martin corporation management 2019s discussion and analysis of financial condition and results of operations december 31 , 2002 space systems space systems 2019 operating results included the following : ( in millions ) 2002 2001 2000 .
|( in millions )|2002|2001|2000|
|net sales|$ 7384|$ 6836|$ 7339|
|operating profit|443|360|345|
net sales for space systems increased by 8% ( 8 % ) in 2002 compared to 2001 . the increase in sales for 2002 resulted from higher volume in government space of $ 370 million and commercial space of $ 180 million . in government space , increases of $ 470 million in government satellite programs and $ 130 million in ground systems activities more than offset volume declines of $ 175 million on government launch vehi- cles and $ 55 million on strategic missile programs . the increase in commercial space sales is primarily attributable to an increase in launch vehicle activities , with nine commercial launches during 2002 compared to six in 2001 . net sales for the segment decreased by 7% ( 7 % ) in 2001 com- pared to 2000 . the decrease in sales for 2001 resulted from volume declines in commercial space of $ 560 million , which more than offset increases in government space of $ 60 million . in commercial space , sales declined due to volume reductions of $ 480 million in commercial launch vehicle activities and $ 80 million in satellite programs . there were six launches in 2001 compared to 14 launches in 2000 . the increase in gov- ernment space resulted from a combined increase of $ 230 mil- lion related to higher volume on government satellite programs and ground systems activities . these increases were partially offset by a $ 110 million decrease related to volume declines in government launch vehicle activity , primarily due to program maturities , and by $ 50 million due to the absence in 2001 of favorable adjustments recorded on the titan iv pro- gram in 2000 . operating profit for the segment increased 23% ( 23 % ) in 2002 as compared to 2001 , mainly driven by the commercial space business . reduced losses in commercial space during 2002 resulted in increased operating profit of $ 90 million when compared to 2001 . commercial satellite manufacturing losses declined $ 100 million in 2002 as operating performance improved and satellite deliveries increased . in the first quarter of 2001 , a $ 40 million loss provision was recorded on certain commercial satellite manufacturing contracts . due to the industry-wide oversupply and deterioration of pricing in the commercial launch market , financial results on commercial launch vehicles continue to be challenging . during 2002 , this trend led to a decline in operating profit of $ 10 million on commercial launch vehicles when compared to 2001 . this decrease was primarily due to lower profitability of $ 55 mil- lion on the three additional launches in the current year , addi- tional charges of $ 60 million ( net of a favorable contract adjustment of $ 20 million ) for market and pricing pressures and included the adverse effect of a $ 35 million adjustment for commercial launch vehicle contract settlement costs . the 2001 results also included charges for market and pricing pressures , which reduced that year 2019s operating profit by $ 145 million . the $ 10 million decrease in government space 2019s operating profit for the year is primarily due to the reduced volume on government launch vehicles and strategic missile programs , which combined to decrease operating profit by $ 80 million , partially offset by increases of $ 40 million in government satellite programs and $ 30 million in ground systems activities . operating profit for the segment increased by 4% ( 4 % ) in 2001 compared to 2000 . operating profit increased in 2001 due to a $ 35 million increase in government space partially offset by higher year-over-year losses of $ 20 million in commercial space . in government space , operating profit increased due to the impact of higher volume and improved performance in ground systems and government satellite programs . the year- to-year comparison of operating profit was not affected by the $ 50 million favorable titan iv adjustment recorded in 2000 discussed above , due to a $ 55 million charge related to a more conservative assessment of government launch vehi- cle programs that was recorded in the fourth quarter of 2000 . in commercial space , decreased operating profit of $ 15 mil- lion on launch vehicles more than offset lower losses on satel- lite manufacturing activities . the commercial launch vehicle operating results included $ 60 million in higher charges for market and pricing pressures when compared to 2000 . these negative adjustments were partially offset by $ 50 million of favorable contract adjustments on certain launch vehicle con- tracts . commercial satellite manufacturing losses decreased slightly from 2000 and included the adverse impact of a $ 40 million loss provision recorded in the first quarter of 2001 for certain commercial satellite contracts related to schedule and technical issues. .
Question: what was the lockheed martin corporation profit margin 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: |
0.63195 | Context:devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) proved undeveloped reserves the following table presents the changes in devon 2019s total proved undeveloped reserves during 2013 ( in mmboe ) . .
||u.s .|canada|total|
|proved undeveloped reserves as of december 31 2012|407|433|840|
|extensions and discoveries|57|38|95|
|revisions due to prices|1|-10 ( 10 )|-9 ( 9 )|
|revisions other than price|-91 ( 91 )|13|-78 ( 78 )|
|conversion to proved developed reserves|-116 ( 116 )|-31 ( 31 )|-147 ( 147 )|
|proved undeveloped reserves as of december 31 2013|258|443|701|
at december 31 , 2013 , devon had 701 mmboe of proved undeveloped reserves . this represents a 17 percent decrease as compared to 2012 and represents 24 percent of total proved reserves . drilling and development activities increased devon 2019s proved undeveloped reserves 95 mmboe and resulted in the conversion of 147 mmboe , or 18 percent , of the 2012 proved undeveloped reserves to proved developed reserves . costs incurred related to the development and conversion of devon 2019s proved undeveloped reserves were $ 1.9 billion for 2013 . additionally , revisions other than price decreased devon 2019s proved undeveloped reserves 78 mmboe primarily due to evaluations of certain u.s . onshore dry-gas areas , which devon does not expect to develop in the next five years . the largest revisions relate to the dry-gas areas in the cana-woodford shale in western oklahoma , carthage in east texas and the barnett shale in north texas . a significant amount of devon 2019s proved undeveloped reserves at the end of 2013 related to its jackfish operations . at december 31 , 2013 and 2012 , devon 2019s jackfish proved undeveloped reserves were 441 mmboe and 429 mmboe , respectively . development schedules for the jackfish reserves are primarily controlled by the need to keep the processing plants at their 35000 barrel daily facility capacity . processing plant capacity is controlled by factors such as total steam processing capacity , steam-oil ratios and air quality discharge permits . as a result , these reserves are classified as proved undeveloped for more than five years . currently , the development schedule for these reserves extends though the year 2031 . price revisions 2013 2013 reserves increased 94 mmboe primarily due to higher gas prices . of this increase , 43 mmboe related to the barnett shale and 19 mmboe related to the rocky mountain area . 2012 2013 reserves decreased 171 mmboe primarily due to lower gas prices . of this decrease , 100 mmboe related to the barnett shale and 25 mmboe related to the rocky mountain area . 2011 2013 reserves decreased 21 mmboe due to lower gas prices and higher oil prices . the higher oil prices increased devon 2019s canadian royalty burden , which reduced devon 2019s oil reserves . revisions other than price total revisions other than price for 2013 , 2012 and 2011 primarily related to devon 2019s evaluation of certain dry gas regions , with the largest revisions being made in the cana-woodford shale , barnett shale and carthage .
Question: as of december 31 2013 what was the percent of the proved undeveloped reserves in canada | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
2574092.64 | Context:american tower corporation and subsidiaries notes to consolidated financial statements as of december 31 , 2010 , total unrecognized compensation expense related to unvested restricted stock units granted under the 2007 plan was $ 57.5 million and is expected to be recognized over a weighted average period of approximately two years . employee stock purchase plan 2014the company maintains an employee stock purchase plan ( 201cespp 201d ) for all eligible employees . under the espp , shares of the company 2019s common stock may be purchased during bi-annual offering periods at 85% ( 85 % ) of the lower of the fair market value on the first or the last day of each offering period . employees may purchase shares having a value not exceeding 15% ( 15 % ) of their gross compensation during an offering period and may not purchase more than $ 25000 worth of stock in a calendar year ( based on market values at the beginning of each offering period ) . the offering periods run from june 1 through november 30 and from december 1 through may 31 of each year . during the 2010 , 2009 and 2008 offering periods employees purchased 75354 , 77509 and 55764 shares , respectively , at weighted average prices per share of $ 34.16 , $ 23.91 and $ 30.08 , respectively . the fair value of the espp offerings is estimated on the offering period commencement date using a black-scholes pricing model with the expense recognized over the expected life , which is the six month offering period over which employees accumulate payroll deductions to purchase the company 2019s common stock . the weighted average fair value for the espp shares purchased during 2010 , 2009 and 2008 was $ 9.43 , $ 6.65 and $ 7.89 , respectively . at december 31 , 2010 , 8.7 million shares remain reserved for future issuance under the plan . key assumptions used to apply this pricing model for the years ended december 31 , are as follows: .
||2010|2009|2008|
|range of risk-free interest rate|0.22% ( 0.22 % ) - 0.23% ( 0.23 % )|0.29% ( 0.29 % ) - 0.44% ( 0.44 % )|1.99% ( 1.99 % ) - 3.28% ( 3.28 % )|
|weighted average risk-free interest rate|0.22% ( 0.22 % )|0.38% ( 0.38 % )|2.58% ( 2.58 % )|
|expected life of shares|6 months|6 months|6 months|
|range of expected volatility of underlying stock price|35.26% ( 35.26 % ) - 35.27% ( 35.27 % )|35.31% ( 35.31 % ) - 36.63% ( 36.63 % )|27.85% ( 27.85 % ) - 28.51% ( 28.51 % )|
|weighted average expected volatility of underlying stock price|35.26% ( 35.26 % )|35.83% ( 35.83 % )|28.51% ( 28.51 % )|
|expected annual dividends|n/a|n/a|n/a|
13 . stockholders 2019 equity warrants 2014in august 2005 , the company completed its merger with spectrasite , inc . and assumed outstanding warrants to purchase shares of spectrasite , inc . common stock . as of the merger completion date , each warrant was exercisable for two shares of spectrasite , inc . common stock at an exercise price of $ 32 per warrant . upon completion of the merger , each warrant to purchase shares of spectrasite , inc . common stock automatically converted into a warrant to purchase shares of the company 2019s common stock , such that upon exercise of each warrant , the holder has a right to receive 3.575 shares of the company 2019s common stock in lieu of each share of spectrasite , inc . common stock that would have been receivable under each assumed warrant prior to the merger . upon completion of the company 2019s merger with spectrasite , inc. , these warrants were exercisable for approximately 6.8 million shares of common stock . of these warrants , warrants to purchase approximately none and 1.7 million shares of common stock remained outstanding as of december 31 , 2010 and 2009 , respectively . these warrants expired on february 10 , 2010 . stock repurchase program 2014during the year ended december 31 , 2010 , the company repurchased an aggregate of approximately 9.3 million shares of its common stock for an aggregate of $ 420.8 million , including commissions and fees , of which $ 418.6 million was paid in cash prior to december 31 , 2010 and $ 2.2 million was included in accounts payable and accrued expenses in the accompanying consolidated balance sheet as of december 31 , 2010 , pursuant to its publicly announced stock repurchase program , as described below. .
Question: what is the total cash received from shares purchased from employees during 2010 , 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: |
-0.01919 | Context:adobe systems incorporated notes to consolidated financial statements ( continued ) accounting for uncertainty in income taxes during fiscal 2013 and 2012 , our aggregate changes in our total gross amount of unrecognized tax benefits are summarized as follows ( in thousands ) : .
||2013|2012|
|beginning balance|$ 160468|$ 163607|
|gross increases in unrecognized tax benefits 2013 prior year tax positions|20244|1038|
|gross increases in unrecognized tax benefits 2013 current year tax positions|16777|23771|
|settlements with taxing authorities|-55851 ( 55851 )|-1754 ( 1754 )|
|lapse of statute of limitations|-4066 ( 4066 )|-25387 ( 25387 )|
|foreign exchange gains and losses|-1474 ( 1474 )|-807 ( 807 )|
|ending balance|$ 136098|$ 160468|
as of november 29 , 2013 , the combined amount of accrued interest and penalties related to tax positions taken on our tax returns and included in non-current income taxes payable was approximately $ 11.4 million . we file income tax returns in the u.s . on a federal basis and in many u.s . state and foreign jurisdictions . we are subject to the continual examination of our income tax returns by the irs and other domestic and foreign tax authorities . our major tax jurisdictions are the u.s. , ireland and california . for california , ireland and the u.s. , the earliest fiscal years open for examination are 2005 , 2006 and 2010 , respectively . we regularly assess the likelihood of outcomes resulting from these examinations to determine the adequacy of our provision for income taxes and have reserved for potential adjustments that may result from the current examinations . we believe such estimates to be reasonable ; however , there can be no assurance that the final determination of any of these examinations will not have an adverse effect on our operating results and financial position . in july 2013 , a u.s . income tax examination covering our fiscal years 2008 and 2009 was completed . our accrued tax and interest related to these years was $ 48.4 million and was previously reported in long-term income taxes payable . we settled the tax obligation resulting from this examination with cash and income tax assets totaling $ 41.2 million , and the resulting $ 7.2 million income tax benefit was recorded in the third quarter of fiscal 2013 . the timing of the resolution of income tax examinations is highly uncertain as are the amounts and timing of tax payments that are part of any audit settlement process . these events could cause large fluctuations in the balance sheet classification of current and non-current assets and liabilities . we believe that within the next 12 months , it is reasonably possible that either certain audits will conclude or statutes of limitations on certain income tax examination periods will expire , or both . given the uncertainties described above , we can only determine a range of estimated potential decreases in underlying unrecognized tax benefits ranging from $ 0 to approximately $ 5 million . note 10 . restructuring fiscal 2011 restructuring plan in the fourth quarter of fiscal 2011 , we initiated a restructuring plan consisting of reductions in workforce and the consolidation of facilities in order to better align our resources around our digital media and digital marketing strategies . during fiscal 2013 , we continued to implement restructuring activities under this plan . total costs incurred to date and expected to be incurred for closing redundant facilities are $ 12.2 million as all facilities under this plan have been exited as of november 29 , 2013 . other restructuring plans other restructuring plans include other adobe plans and other plans associated with certain of our acquisitions that are substantially complete . we continue to make cash outlays to settle obligations under these plans , however the current impact to our consolidated financial statements is not significant . our other restructuring plans primarily consist of the 2009 restructuring plan , which was implemented in the fourth quarter of fiscal 2009 , in order to appropriately align our costs in connection with our fiscal 2010 operating plan. .
Question: what is the percentage change in total gross amount of unrecognized tax benefits 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: |
14.5 | Context:liquidity monitoring and measurement stress testing liquidity stress testing is performed for each of citi 2019s major entities , operating subsidiaries and/or countries . stress testing and scenario analyses are intended to quantify the potential impact of a liquidity event on the balance sheet and liquidity position , and to identify viable funding alternatives that can be utilized . these scenarios include assumptions about significant changes in key funding sources , market triggers ( such as credit ratings ) , potential uses of funding and political and economic conditions in certain countries . these conditions include expected and stressed market conditions as well as company- specific events . liquidity stress tests are conducted to ascertain potential mismatches between liquidity sources and uses over a variety of time horizons ( overnight , one week , two weeks , one month , three months , one year ) and over a variety of stressed conditions . liquidity limits are set accordingly . to monitor the liquidity of an entity , these stress tests and potential mismatches are calculated with varying frequencies , with several tests performed daily . given the range of potential stresses , citi maintains a series of contingency funding plans on a consolidated basis and for individual entities . these plans specify a wide range of readily available actions for a variety of adverse market conditions or idiosyncratic stresses . short-term liquidity measurement : liquidity coverage ratio ( lcr ) in addition to internal measures that citi has developed for a 30-day stress scenario , citi also monitors its liquidity by reference to the lcr , as calculated pursuant to the u.s . lcr rules . generally , the lcr is designed to ensure that banks maintain an adequate level of hqla to meet liquidity needs under an acute 30-day stress scenario . the lcr is calculated by dividing hqla by estimated net outflows over a stressed 30-day period , with the net outflows determined by applying prescribed outflow factors to various categories of liabilities , such as deposits , unsecured and secured wholesale borrowings , unused lending commitments and derivatives- related exposures , partially offset by inflows from assets maturing within 30 days . banks are required to calculate an add-on to address potential maturity mismatches between contractual cash outflows and inflows within the 30-day period in determining the total amount of net outflows . the minimum lcr requirement is 100% ( 100 % ) , effective january 2017 . in december 2016 , the federal reserve board adopted final rules which require additional disclosures relating to the lcr of large financial institutions , including citi . among other things , the final rules require citi to disclose components of its average hqla , lcr and inflows and outflows each quarter . in addition , the final rules require disclosure of citi 2019s calculation of the maturity mismatch add-on as well as other qualitative disclosures . the effective date for these disclosures is april 1 , 2017 . the table below sets forth the components of citi 2019s lcr calculation and hqla in excess of net outflows for the periods indicated : in billions of dollars dec . 31 , sept . 30 , dec . 31 .
|in billions of dollars|dec . 31 2016|sept . 30 2016|dec . 31 2015|
|hqla|$ 403.7|$ 403.8|$ 389.2|
|net outflows|332.5|335.3|344.4|
|lcr|121% ( 121 % )|120% ( 120 % )|113% ( 113 % )|
|hqla in excess of net outflows|$ 71.3|$ 68.5|$ 44.8|
note : amounts set forth in the table above are presented on an average basis . as set forth in the table above , citi 2019s lcr increased both year-over-year and sequentially . the increase year-over-year was driven by both an increase in hqla and a reduction in net outflows . sequentially , the increase was driven by a slight reduction in net outflows , as hqla remained largely unchanged . long-term liquidity measurement : net stable funding ratio ( nsfr ) in the second quarter of 2016 , the federal reserve board , the fdic and the occ issued a proposed rule to implement the basel iii nsfr requirement . the u.s.-proposed nsfr is largely consistent with the basel committee 2019s final nsfr rules . in general , the nsfr assesses the availability of a bank 2019s stable funding against a required level . a bank 2019s available stable funding would include portions of equity , deposits and long-term debt , while its required stable funding would be based on the liquidity characteristics of its assets , derivatives and commitments . standardized weightings would be required to be applied to the various asset and liabilities classes . the ratio of available stable funding to required stable funding would be required to be greater than 100% ( 100 % ) . while citi believes that it is compliant with the proposed u.s . nsfr rules as of december 31 , 2016 , it will need to evaluate any final version of the rules , which are expected to be released during 2017 . the proposed rules would require full implementation of the u.s . nsfr beginning january 1 , 2018. .
Question: what was the change in billions of hqa from december 31 , 2015 to 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: |
-0.07792 | Context:kimco realty corporation and subsidiaries notes to consolidated financial statements , continued investment in retail store leases the company has interests in various retail store leases relating to the anchor store premises in neighborhood and community shopping centers . these premises have been sublet to retailers who lease the stores pursuant to net lease agreements . income from the investment in these retail store leases during the years ended december 31 , 2008 , 2007 and 2006 , was approximately $ 2.7 million , $ 1.2 million and $ 1.3 million , respectively . these amounts represent sublease revenues during the years ended december 31 , 2008 , 2007 and 2006 , of approximately $ 7.1 million , $ 7.7 million and $ 8.2 million , respectively , less related expenses of $ 4.4 million , $ 5.1 million and $ 5.7 million , respectively , and an amount which , in management 2019s estimate , reasonably provides for the recovery of the investment over a period representing the expected remaining term of the retail store leases . the company 2019s future minimum revenues under the terms of all non-cancelable tenant subleases and future minimum obligations through the remaining terms of its retail store leases , assuming no new or renegotiated leases are executed for such premises , for future years are as follows ( in millions ) : 2009 , $ 5.6 and $ 3.8 ; 2010 , $ 5.4 and $ 3.7 ; 2011 , $ 4.5 and $ 3.1 ; 2012 , $ 2.3 and $ 2.1 ; 2013 , $ 1.0 and $ 1.3 and thereafter , $ 1.4 and $ 0.5 , respectively . leveraged lease during june 2002 , the company acquired a 90% ( 90 % ) equity participation interest in an existing leveraged lease of 30 properties . the properties are leased under a long-term bond-type net lease whose primary term expires in 2016 , with the lessee having certain renewal option rights . the company 2019s cash equity investment was approximately $ 4.0 million . this equity investment is reported as a net investment in leveraged lease in accordance with sfas no . 13 , accounting for leases ( as amended ) . from 2002 to 2007 , 18 of these properties were sold , whereby the proceeds from the sales were used to pay down the mortgage debt by approximately $ 31.2 million . as of december 31 , 2008 , the remaining 12 properties were encumbered by third-party non-recourse debt of approximately $ 42.8 million that is scheduled to fully amortize during the primary term of the lease from a portion of the periodic net rents receivable under the net lease . as an equity participant in the leveraged lease , the company has no recourse obligation for principal or interest payments on the debt , which is collateralized by a first mortgage lien on the properties and collateral assignment of the lease . accordingly , this obligation has been offset against the related net rental receivable under the lease . at december 31 , 2008 and 2007 , the company 2019s net investment in the leveraged lease consisted of the following ( in millions ) : .
||2008|2007|
|remaining net rentals|$ 53.8|$ 55.0|
|estimated unguaranteed residual value|31.7|36.0|
|non-recourse mortgage debt|-38.5 ( 38.5 )|-43.9 ( 43.9 )|
|unearned and deferred income|-43.0 ( 43.0 )|-43.3 ( 43.3 )|
|net investment in leveraged lease|$ 4.0|$ 3.8|
9 . mortgages and other financing receivables : the company has various mortgages and other financing receivables which consist of loans acquired and loans originated by the company . for a complete listing of the company 2019s mortgages and other financing receivables at december 31 , 2008 , see financial statement schedule iv included on page 141 of this annual report on form 10-k . reconciliation of mortgage loans and other financing receivables on real estate: .
Question: what is the growth rate in sublease revenues from 2007 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: |
0.05673 | Context:shareholder value award program svas are granted to officers and management and are payable in shares of our common stock . the number of shares actually issued , if any , varies depending on our stock price at the end of the three-year vesting period compared to pre-established target stock prices . we measure the fair value of the sva unit on the grant date using a monte carlo simulation model . the model utilizes multiple input variables that determine the probability of satisfying the market condition stipulated in the award grant and calculates the fair value of the award . expected volatilities utilized in the model are based on implied volatilities from traded options on our stock , historical volatility of our stock price , and other factors . similarly , the dividend yield is based on historical experience and our estimate of future dividend yields . the risk-free interest rate is derived from the u.s . treasury yield curve in effect at the time of grant . the weighted-average fair values of the sva units granted during the years ended december 31 , 2018 , 2017 , and 2016 were $ 48.51 , $ 66.25 , and $ 48.68 , respectively , determined using the following assumptions: .
|( percents )|2018|2017|2016|
|expected dividend yield|2.50% ( 2.50 % )|2.50% ( 2.50 % )|2.00% ( 2.00 % )|
|risk-free interest rate|2.31|1.38|0.92|
|volatility|22.26|22.91|21.68|
pursuant to this program , approximately 0.7 million shares , 1.1 million shares , and 1.0 million shares were issued during the years ended december 31 , 2018 , 2017 , and 2016 , respectively . approximately 1.0 million shares are expected to be issued in 2019 . as of december 31 , 2018 , the total remaining unrecognized compensation cost related to nonvested svas was $ 55.7 million , which will be amortized over the weighted-average remaining requisite service period of 20 months . restricted stock units rsus are granted to certain employees and are payable in shares of our common stock . rsu shares are accounted for at fair value based upon the closing stock price on the date of grant . the corresponding expense is amortized over the vesting period , typically three years . the fair values of rsu awards granted during the years ended december 31 , 2018 , 2017 , and 2016 were $ 70.95 , $ 72.47 , and $ 71.46 , respectively . the number of shares ultimately issued for the rsu program remains constant with the exception of forfeitures . pursuant to this program , 1.3 million , 1.4 million , and 1.3 million shares were granted and approximately 1.0 million , 0.9 million , and 0.6 million shares were issued during the years ended december 31 , 2018 , 2017 , and 2016 , respectively . approximately 0.8 million shares are expected to be issued in 2019 . as of december 31 , 2018 , the total remaining unrecognized compensation cost related to nonvested rsus was $ 112.2 million , which will be amortized over the weighted- average remaining requisite service period of 21 months . note 12 : shareholders' equity during 2018 , 2017 , and 2016 , we repurchased $ 4.15 billion , $ 359.8 million and $ 540.1 million , respectively , of shares associated with our share repurchase programs . a payment of $ 60.0 million was made in 2016 for shares repurchased in 2017 . during 2018 , we repurchased $ 2.05 billion of shares , which completed the $ 5.00 billion share repurchase program announced in october 2013 and our board authorized an $ 8.00 billion share repurchase program . there were $ 2.10 billion repurchased under the $ 8.00 billion program in 2018 . as of december 31 , 2018 , there were $ 5.90 billion of shares remaining under the 2018 program . we have 5.0 million authorized shares of preferred stock . as of december 31 , 2018 and 2017 , no preferred stock was issued . we have an employee benefit trust that held 50.0 million shares of our common stock at both december 31 , 2018 and 2017 , to provide a source of funds to assist us in meeting our obligations under various employee benefit plans . the cost basis of the shares held in the trust was $ 3.01 billion at both december 31 , 2018 and 2017 , and is shown as a reduction of shareholders 2019 equity . any dividend transactions between us and the trust are eliminated . stock held by the trust is not considered outstanding in the computation of eps . the assets of the trust were not used to fund any of our obligations under these employee benefit plans during the years ended december 31 , 2018 , 2017 , and .
Question: what was the percent of the change in the volatility 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: |
4394765.0 | Context:equity compensation plan information the following table presents the equity securities available for issuance under our equity compensation plans as of december 31 , 2018 . equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( a ) ( b ) ( c ) equity compensation plans approved by security holders 399165 $ 0.00 3995600 equity compensation plans not approved by security holders ( 2 ) 2014 2014 2014 .
|plan category|number of securities to be issued upon exercise of outstanding options warrants and rights ( 1 ) ( a ) ( b )|weighted-average exercise price of outstanding optionswarrants and rights|number of securities remaining available for future issuance under equity compensation plans ( excluding securitiesreflected in column ( a ) ) ( c )|
|equity compensation plans approved by security holders|399165|$ 0.00|3995600|
|equity compensation plans not approved by security holders ( 2 )|2014|2014|2014|
|total|399165|$ 0.00|3995600|
( 1 ) includes grants made under the huntington ingalls industries , inc . 2012 long-term incentive stock plan ( the "2012 plan" ) , which was approved by our stockholders on may 2 , 2012 , and the huntington ingalls industries , inc . 2011 long-term incentive stock plan ( the "2011 plan" ) , which was approved by the sole stockholder of hii prior to its spin-off from northrop grumman corporation . of these shares , 27123 were stock rights granted under the 2011 plan . in addition , this number includes 31697 stock rights , 5051 restricted stock rights , and 335293 restricted performance stock rights granted under the 2012 plan , assuming target performance achievement . ( 2 ) there are no awards made under plans not approved by security holders . item 13 . certain relationships and related transactions , and director independence information as to certain relationships and related transactions and director independence will be incorporated herein by reference to the proxy statement for our 2019 annual meeting of stockholders , to be filed within 120 days after the end of the company 2019s fiscal year . item 14 . principal accountant fees and services information as to principal accountant fees and services will be incorporated herein by reference to the proxy statement for our 2019 annual meeting of stockholders , to be filed within 120 days after the end of the company 2019s fiscal year. .
Question: as of december 312018 what was the total number of number of securities of the equity compensation plans approved by security holders | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.23032 | Context:at december 31 . the following table summarizes our restricted cash and marketable securities as of december .
||2010|2009|
|financing proceeds|$ 39.8|$ 93.1|
|capping closure and post-closure obligations|61.8|62.4|
|self-insurance|63.8|65.1|
|other|7.4|19.9|
|total restricted cash and marketable securities|$ 172.8|$ 240.5|
we own a 19.9% ( 19.9 % ) interest in a company that , among other activities , issues financial surety bonds to secure capping , closure and post-closure obligations for companies operating in the solid waste industry . we account for this investment under the cost method of accounting . there have been no identified events or changes in circumstances that may have a significant adverse effect on the fair value of the investment . this investee company and the parent company of the investee had written surety bonds for us relating to our landfill operations for capping , closure and post-closure , of which $ 855.0 million and $ 775.2 million were outstanding as of december 31 , 2010 and 2009 , respectively . our reimbursement obligations under these bonds are secured by an indemnity agreement with the investee and letters of credit totaling $ 45.0 million and $ 67.4 million as of december 31 , 2010 and 2009 , respectively . off-balance sheet arrangements we have no off-balance sheet debt or similar obligations , other than operating leases and the financial assurances discussed above , which are not classified as debt . we have no transactions or obligations with related parties that are not disclosed , consolidated into or reflected in our reported financial position or results of operations . we have not guaranteed any third-party debt . guarantees we enter into contracts in the normal course of business that include indemnification clauses . indemnifications relating to known liabilities are recorded in the consolidated financial statements based on our best estimate of required future payments . certain of these indemnifications relate to contingent events or occurrences , such as the imposition of additional taxes due to a change in the tax law or adverse interpretation of the tax law , and indemnifications made in divestiture agreements where we indemnify the buyer for liabilities that relate to our activities prior to the divestiture and that may become known in the future . we do not believe that these contingent obligations will have a material effect on our consolidated financial position , results of operations or cash flows . we have entered into agreements with property owners to guarantee the value of property that is adjacent to certain of our landfills . these agreements have varying terms . we do not believe that these contingent obligations will have a material effect on our consolidated financial position , results of operations or cash flows . other matters our business activities are conducted in the context of a developing and changing statutory and regulatory framework . governmental regulation of the waste management industry requires us to obtain and retain numerous governmental permits to conduct various aspects of our operations . these permits are subject to revocation , modification or denial . the costs and other capital expenditures which may be required to obtain or retain the applicable permits or comply with applicable regulations could be significant . any revocation , modification or denial of permits could have a material adverse effect on us . republic services , inc . notes to consolidated financial statements , continued .
Question: in 2010 what was the percent of the financing proceeds as part of the total restricted cash and marketable securities | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
17500.0 | Context:underlying physical transaction occurs . we have not qualified commodity derivative instruments used in our osm or rm&t segments for hedge accounting . as a result , we recognize in net income all changes in the fair value of derivative instruments used in those operations . open commodity derivative positions as of december 31 , 2008 and sensitivity analysis at december 31 , 2008 , our e&p segment held open derivative contracts to mitigate the price risk on natural gas held in storage or purchased to be marketed with our own natural gas production in amounts that were in line with normal levels of activity . at december 31 , 2008 , we had no significant open derivative contracts related to our future sales of liquid hydrocarbons and natural gas and therefore remained substantially exposed to market prices of these commodities . the osm segment holds crude oil options which were purchased by western for a three year period ( january 2007 to december 2009 ) . the premiums for the purchased put options had been partially offset through the sale of call options for the same three-year period , resulting in a net premium liability . payment of the net premium liability is deferred until the settlement of the option contracts . as of december 31 , 2008 , the following put and call options were outstanding: .
|option expiration date|2009|
|option contract volumes ( barrels per day ) :||
|put options purchased|20000|
|call options sold|15000|
|average exercise price ( dollars per barrel ) :||
|put options|$ 50.50|
|call options|$ 90.50|
in the first quarter of 2009 , we sold derivative instruments at an average exercise price of $ 50.50 which effectively offset the open put options for the remainder of 2009 . at december 31 , 2008 , the number of open derivative contracts held by our rm&t segment was lower than in previous periods . starting in the second quarter of 2008 , we decreased our use of derivatives to mitigate crude oil price risk between the time that domestic spot crude oil purchases are priced and when they are actually refined into salable petroleum products . instead , we are addressing this price risk through other means , including changes in contractual terms and crude oil acquisition practices . additionally , in previous periods , certain contracts in our rm&t segment for the purchase or sale of commodities were not qualified or designated as normal purchase or normal sales under generally accepted accounting principles and therefore were accounted for as derivative instruments . during the second quarter of 2008 , as we decreased our use of derivatives , we began to designate such contracts for the normal purchase and normal sale exclusion. .
Question: for option expiration dates in 2009 , what was the average option contract volumes ( barrels per day ) for put options purchased and \\ncall options sold? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
1743.0 | Context:management 2019s discussion and analysis we believe our credit ratings are primarily based on the credit rating agencies 2019 assessment of : 2030 our liquidity , market , credit and operational risk management practices ; 2030 the level and variability of our earnings ; 2030 our capital base ; 2030 our franchise , reputation and management ; 2030 our corporate governance ; and 2030 the external operating environment , including , in some cases , the assumed level of government or other systemic support . certain of our derivatives have been transacted under bilateral agreements with counterparties who may require us to post collateral or terminate the transactions based on changes in our credit ratings . we assess the impact of these bilateral agreements by determining the collateral or termination payments that would occur assuming a downgrade by all rating agencies . a downgrade by any one rating agency , depending on the agency 2019s relative ratings of us at the time of the downgrade , may have an impact which is comparable to the impact of a downgrade by all rating agencies . we allocate a portion of our gcla to ensure we would be able to make the additional collateral or termination payments that may be required in the event of a two-notch reduction in our long-term credit ratings , as well as collateral that has not been called by counterparties , but is available to them . the table below presents the additional collateral or termination payments related to our net derivative liabilities under bilateral agreements that could have been called at the reporting date by counterparties in the event of a one-notch and two-notch downgrade in our credit ratings. .
|$ in millions|as of december 2014|as of december 2013|
|additional collateral or termination payments for a one-notch downgrade|$ 1072|$ 911|
|additional collateral or termination payments for a two-notch downgrade|2815|2989|
$ in millions 2014 2013 additional collateral or termination payments for a one-notch downgrade $ 1072 $ 911 additional collateral or termination payments for a two-notch downgrade 2815 2989 cash flows as a global financial institution , our cash flows are complex and bear little relation to our net earnings and net assets . consequently , we believe that traditional cash flow analysis is less meaningful in evaluating our liquidity position than the liquidity and asset-liability management policies described above . cash flow analysis may , however , be helpful in highlighting certain macro trends and strategic initiatives in our businesses . year ended december 2014 . our cash and cash equivalents decreased by $ 3.53 billion to $ 57.60 billion at the end of 2014 . we used $ 22.53 billion in net cash for operating and investing activities , which reflects an initiative to reduce our balance sheet , and the funding of loans receivable . we generated $ 19.00 billion in net cash from financing activities from an increase in bank deposits and net proceeds from issuances of unsecured long-term borrowings , partially offset by repurchases of common stock . year ended december 2013 . our cash and cash equivalents decreased by $ 11.54 billion to $ 61.13 billion at the end of 2013 . we generated $ 4.54 billion in net cash from operating activities . we used net cash of $ 16.08 billion for investing and financing activities , primarily to fund loans receivable and repurchases of common stock . year ended december 2012 . our cash and cash equivalents increased by $ 16.66 billion to $ 72.67 billion at the end of 2012 . we generated $ 9.14 billion in net cash from operating and investing activities . we generated $ 7.52 billion in net cash from financing activities from an increase in bank deposits , partially offset by net repayments of unsecured and secured long-term borrowings . 78 goldman sachs 2014 annual report .
Question: what is the difference in the required additional collateral or termination payments for a two-notch downgrade and additional collateral or termination payments for a one-notch downgrade in millions in 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: |
0.92533 | Context:j.p . morgan chase & co . / 2003 annual report 49 off 2013balance sheet arrangements and contractual cash obligations special-purpose entities special-purpose entities ( 201cspes 201d ) , special-purpose vehicles ( 201cspvs 201d ) , or variable-interest entities ( 201cvies 201d ) , are an important part of the financial markets , providing market liquidity by facili- tating investors 2019 access to specific portfolios of assets and risks . spes are not operating entities ; typically they are established for a single , discrete purpose , have a limited life and have no employees . the basic spe structure involves a company selling assets to the spe . the spe funds the asset purchase by selling securities to investors . to insulate investors from creditors of other entities , including the seller of the assets , spes are often structured to be bankruptcy-remote . spes are critical to the functioning of many investor markets , including , for example , the market for mortgage-backed securities , other asset-backed securities and commercial paper . jpmorgan chase is involved with spes in three broad categories of transactions : loan securi- tizations ( through 201cqualifying 201d spes ) , multi-seller conduits , and client intermediation . capital is held , as appropriate , against all spe-related transactions and related exposures such as deriva- tive transactions and lending-related commitments . the firm has no commitments to issue its own stock to support any spe transaction , and its policies require that transactions with spes be conducted at arm 2019s length and reflect market pric- ing . consistent with this policy , no jpmorgan chase employee is permitted to invest in spes with which the firm is involved where such investment would violate the firm 2019s worldwide rules of conduct . these rules prohibit employees from self- dealing and prohibit employees from acting on behalf of the firm in transactions with which they or their family have any significant financial interest . for certain liquidity commitments to spes , the firm could be required to provide funding if the credit rating of jpmorgan chase bank were downgraded below specific levels , primarily p-1 , a-1 and f1 for moody 2019s , standard & poor 2019s and fitch , respectively . the amount of these liquidity commitments was $ 34.0 billion at december 31 , 2003 . if jpmorgan chase bank were required to provide funding under these commitments , the firm could be replaced as liquidity provider . additionally , with respect to the multi-seller conduits and structured commercial loan vehicles for which jpmorgan chase bank has extended liq- uidity commitments , the bank could facilitate the sale or refi- nancing of the assets in the spe in order to provide liquidity . of these liquidity commitments to spes , $ 27.7 billion is included in the firm 2019s total other unfunded commitments to extend credit included in the table on the following page . as a result of the consolidation of multi-seller conduits in accordance with fin 46 , $ 6.3 billion of these commitments are excluded from the table , as the underlying assets of the spe have been included on the firm 2019s consolidated balance sheet . the following table summarizes certain revenue information related to vies with which the firm has significant involvement , and qualifying spes: .
|year ended december 31 2003 ( in millions )|year ended december 31 2003 vies|year ended december 31 2003 ( a )|year ended december 31 2003 spes|total|
|revenue|$ 79||$ 979|$ 1058|
( a ) includes consolidated and nonconsolidated asset-backed commercial paper conduits for a consistent presentation of 2003 results . the revenue reported in the table above represents primarily servicing fee income . the firm also has exposure to certain vie vehicles arising from derivative transactions with vies ; these transactions are recorded at fair value on the firm 2019s consolidated balance sheet with changes in fair value ( i.e. , mark-to-market gains and losses ) recorded in trading revenue . such mtm gains and losses are not included in the revenue amounts reported in the table above . for a further discussion of spes and the firm 2019s accounting for spes , see note 1 on pages 86 201387 , note 13 on pages 100 2013103 , and note 14 on pages 103 2013106 of this annual report . contractual cash obligations in the normal course of business , the firm enters into various con- tractual obligations that may require future cash payments . contractual obligations at december 31 , 2003 , include long-term debt , trust preferred capital securities , operating leases , contractual purchases and capital expenditures and certain other liabilities . for a further discussion regarding long-term debt and trust preferred capital securities , see note 18 on pages 109 2013111 of this annual report . for a further discussion regarding operating leases , see note 27 on page 115 of this annual report . the accompanying table summarizes jpmorgan chase 2019s off 2013 balance sheet lending-related financial instruments and signifi- cant contractual cash obligations , by remaining maturity , at december 31 , 2003 . contractual purchases include commit- ments for future cash expenditures , primarily for services and contracts involving certain forward purchases of securities and commodities . capital expenditures primarily represent future cash payments for real estate 2013related obligations and equip- ment . contractual purchases and capital expenditures at december 31 , 2003 , reflect the minimum contractual obligation under legally enforceable contracts with contract terms that are both fixed and determinable . excluded from the following table are a number of obligations to be settled in cash , primarily in under one year . these obligations are reflected on the firm 2019s consolidated balance sheet and include deposits ; federal funds purchased and securities sold under repurchase agreements ; other borrowed funds ; purchases of debt and equity instruments that settle within standard market timeframes ( e.g . regular-way ) ; derivative payables that do not require physical delivery of the underlying instrument ; and certain purchases of instruments that resulted in settlement failures. .
Question: in 2003 , special purpose entities provided what share of the total revenue of vies and spes? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
1.1759 | Context:credit commitments and lines of credit the table below summarizes citigroup 2019s credit commitments : in millions of dollars u.s . outside of u.s . december 31 , december 31 .
|in millions of dollars|u.s .|outside ofu.s .|december 312018|december 31 2017|
|commercial and similar letters of credit|$ 823|$ 4638|$ 5461|$ 5000|
|one- to four-family residential mortgages|1056|1615|2671|2674|
|revolving open-end loans secured by one- to four-family residential properties|10019|1355|11374|12323|
|commercial real estate construction and land development|9565|1728|11293|11151|
|credit card lines|605857|90150|696007|678300|
|commercial and other consumer loan commitments|185849|102918|288767|272655|
|other commitments and contingencies|2560|761|3321|3071|
|total|$ 815729|$ 203165|$ 1018894|$ 985174|
the majority of unused commitments are contingent upon customers maintaining specific credit standards . commercial commitments generally have floating interest rates and fixed expiration dates and may require payment of fees . such fees ( net of certain direct costs ) are deferred and , upon exercise of the commitment , amortized over the life of the loan or , if exercise is deemed remote , amortized over the commitment period . commercial and similar letters of credit a commercial letter of credit is an instrument by which citigroup substitutes its credit for that of a customer to enable the customer to finance the purchase of goods or to incur other commitments . citigroup issues a letter on behalf of its client to a supplier and agrees to pay the supplier upon presentation of documentary evidence that the supplier has performed in accordance with the terms of the letter of credit . when a letter of credit is drawn , the customer is then required to reimburse citigroup . one- to four-family residential mortgages a one- to four-family residential mortgage commitment is a written confirmation from citigroup to a seller of a property that the bank will advance the specified sums enabling the buyer to complete the purchase . revolving open-end loans secured by one- to four-family residential properties revolving open-end loans secured by one- to four-family residential properties are essentially home equity lines of credit . a home equity line of credit is a loan secured by a primary residence or second home to the extent of the excess of fair market value over the debt outstanding for the first mortgage . commercial real estate , construction and land development commercial real estate , construction and land development include unused portions of commitments to extend credit for the purpose of financing commercial and multifamily residential properties as well as land development projects . both secured-by-real-estate and unsecured commitments are included in this line , as well as undistributed loan proceeds , where there is an obligation to advance for construction progress payments . however , this line only includes those extensions of credit that , once funded , will be classified as total loans , net on the consolidated balance sheet . credit card lines citigroup provides credit to customers by issuing credit cards . the credit card lines are cancelable by providing notice to the cardholder or without such notice as permitted by local law . commercial and other consumer loan commitments commercial and other consumer loan commitments include overdraft and liquidity facilities as well as commercial commitments to make or purchase loans , purchase third-party receivables , provide note issuance or revolving underwriting facilities and invest in the form of equity . other commitments and contingencies other commitments and contingencies include committed or unsettled regular-way reverse repurchase agreements and all other transactions related to commitments and contingencies not reported on the lines above . unsettled reverse repurchase and securities lending agreements and unsettled repurchase and securities borrowing agreements in addition , in the normal course of business , citigroup enters into reverse repurchase and securities borrowing agreements , as well as repurchase and securities lending agreements , which settle at a future date . at december 31 , 2018 , and 2017 , citigroup had $ 36.1 billion and $ 35.0 billion unsettled reverse repurchase and securities borrowing agreements , respectively , and $ 30.7 billion and $ 19.1 billion unsettled repurchase and securities lending agreements , respectively . for a further discussion of securities purchased under agreements to resell and securities borrowed , and securities sold under agreements to repurchase and securities loaned , including the company 2019s policy for offsetting repurchase and reverse repurchase agreements , see note 11 to the consolidated financial statements. .
Question: in 2018 what was the ratio of the unsettled reverse repurchase to the unsettled repurchase | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.33773 | Context:devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) debt maturities as of december 31 , 2013 , excluding premiums and discounts , are as follows ( in millions ) : .
|2014|$ 4067|
|2015|2014|
|2016|500|
|2017|750|
|2018|125|
|2019 and thereafter|6600|
|total|$ 12042|
credit lines devon has a $ 3.0 billion syndicated , unsecured revolving line of credit ( the 201csenior credit facility 201d ) that matures on october 24 , 2018 . however , prior to the maturity date , devon has the option to extend the maturity for up to one additional one-year period , subject to the approval of the lenders . amounts borrowed under the senior credit facility may , at the election of devon , bear interest at various fixed rate options for periods of up to twelve months . such rates are generally less than the prime rate . however , devon may elect to borrow at the prime rate . the senior credit facility currently provides for an annual facility fee of $ 3.8 million that is payable quarterly in arrears . as of december 31 , 2013 , there were no borrowings under the senior credit facility . the senior credit facility contains only one material financial covenant . this covenant requires devon 2019s ratio of total funded debt to total capitalization , as defined in the credit agreement , to be no greater than 65 percent . the credit agreement contains definitions of total funded debt and total capitalization that include adjustments to the respective amounts reported in the accompanying financial statements . also , total capitalization is adjusted to add back noncash financial write-downs such as full cost ceiling impairments or goodwill impairments . as of december 31 , 2013 , devon was in compliance with this covenant with a debt-to- capitalization ratio of 25.7 percent . commercial paper devon has access to $ 3.0 billion of short-term credit under its commercial paper program . commercial paper debt generally has a maturity of between 1 and 90 days , although it can have a maturity of up to 365 days , and bears interest at rates agreed to at the time of the borrowing . the interest rate is generally based on a standard index such as the federal funds rate , libor , or the money market rate as found in the commercial paper market . as of december 31 , 2013 , devon 2019s weighted average borrowing rate on its commercial paper borrowings was 0.30 percent . other debentures and notes following are descriptions of the various other debentures and notes outstanding at december 31 , 2013 , as listed in the table presented at the beginning of this note . geosouthern debt in december 2013 , in conjunction with the planned geosouthern acquisition , devon issued $ 2.25 billion aggregate principal amount of fixed and floating rate senior notes resulting in cash proceeds of approximately .
Question: as of december 31 , 2013 what was the percent of the devons debt maturities due in 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: |
4948.0 | Context:the goldman sachs group , inc . and subsidiaries notes to consolidated financial statements the table below presents a summary of level 3 financial assets. .
|$ in millions|as of december 2018|as of december 2017|
|cash instruments|$ 17227|$ 15395|
|derivatives|4948|3802|
|other financial assets|6|4|
|total|$ 22181|$ 19201|
level 3 financial assets as of december 2018 increased compared with december 2017 , primarily reflecting an increase in level 3 cash instruments . see notes 6 through 8 for further information about level 3 financial assets ( including information about unrealized gains and losses related to level 3 financial assets and financial liabilities , and transfers in and out of level 3 ) . note 6 . cash instruments cash instruments include u.s . government and agency obligations , non-u.s . government and agency obligations , mortgage-backed loans and securities , corporate debt instruments , equity securities , investments in funds at nav , and other non-derivative financial instruments owned and financial instruments sold , but not yet purchased . see below for the types of cash instruments included in each level of the fair value hierarchy and the valuation techniques and significant inputs used to determine their fair values . see note 5 for an overview of the firm 2019s fair value measurement policies . level 1 cash instruments level 1 cash instruments include certain money market instruments , u.s . government obligations , most non-u.s . government obligations , certain government agency obligations , certain corporate debt instruments and actively traded listed equities . these instruments are valued using quoted prices for identical unrestricted instruments in active markets . the firm defines active markets for equity instruments based on the average daily trading volume both in absolute terms and relative to the market capitalization for the instrument . the firm defines active markets for debt instruments based on both the average daily trading volume and the number of days with trading activity . level 2 cash instruments level 2 cash instruments include most money market instruments , most government agency obligations , certain non-u.s . government obligations , most mortgage-backed loans and securities , most corporate debt instruments , most state and municipal obligations , most other debt obligations , restricted or less liquid listed equities , commodities and certain lending commitments . valuations of level 2 cash instruments can be verified to quoted prices , recent trading activity for identical or similar instruments , broker or dealer quotations or alternative pricing sources with reasonable levels of price transparency . consideration is given to the nature of the quotations ( e.g. , indicative or firm ) and the relationship of recent market activity to the prices provided from alternative pricing sources . valuation adjustments are typically made to level 2 cash instruments ( i ) if the cash instrument is subject to transfer restrictions and/or ( ii ) for other premiums and liquidity discounts that a market participant would require to arrive at fair value . valuation adjustments are generally based on market evidence . level 3 cash instruments level 3 cash instruments have one or more significant valuation inputs that are not observable . absent evidence to the contrary , level 3 cash instruments are initially valued at transaction price , which is considered to be the best initial estimate of fair value . subsequently , the firm uses other methodologies to determine fair value , which vary based on the type of instrument . valuation inputs and assumptions are changed when corroborated by substantive observable evidence , including values realized on sales . valuation techniques and significant inputs of level 3 cash instruments valuation techniques of level 3 cash instruments vary by instrument , but are generally based on discounted cash flow techniques . the valuation techniques and the nature of significant inputs used to determine the fair values of each type of level 3 cash instrument are described below : loans and securities backed by commercial real estate . loans and securities backed by commercial real estate are directly or indirectly collateralized by a single commercial real estate property or a portfolio of properties , and may include tranches of varying levels of subordination . significant inputs are generally determined based on relative value analyses and include : 2030 market yields implied by transactions of similar or related assets and/or current levels and changes in market indices such as the cmbx ( an index that tracks the performance of commercial mortgage bonds ) ; 118 goldman sachs 2018 form 10-k .
Question: for level 3 financial assets in millions , for 2018 and 2017 , what was the largest balance of derivatives? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.30325 | Context:in september 2007 , we reached a settlement with the united states department of justice in an ongoing investigation into financial relationships between major orthopaedic manufacturers and consulting orthopaedic surgeons . under the terms of the settlement , we paid a civil settlement amount of $ 169.5 million and we recorded an expense in that amount . no tax benefit has been recorded related to the settlement expense due to the uncertainty as to the tax treatment . we intend to pursue resolution of this uncertainty with taxing authorities , but are unable to ascertain the outcome or timing for such resolution at this time . for more information regarding the settlement , see note 15 . in june 2006 , the financial accounting standards board ( fasb ) issued interpretation no . 48 , accounting for uncertainty in income taxes 2013 an interpretation of fasb statement no . 109 , accounting for income taxes ( fin 48 ) . fin 48 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements . under fin 48 , we may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities , based on the technical merits of the position . the tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement . fin 48 also provides guidance on derecognition , classification , interest and penalties on income taxes , accounting in interim periods and requires increased disclosures . we adopted fin 48 on january 1 , 2007 . prior to the adoption of fin 48 we had a long term tax liability for expected settlement of various federal , state and foreign income tax liabilities that was reflected net of the corollary tax impact of these expected settlements of $ 102.1 million , as well as a separate accrued interest liability of $ 1.7 million . as a result of the adoption of fin 48 , we are required to present the different components of such liability on a gross basis versus the historical net presentation . the adoption resulted in the financial statement liability for unrecognized tax benefits decreasing by $ 6.4 million as of january 1 , 2007 . the adoption resulted in this decrease in the liability as well as a reduction to retained earnings of $ 4.8 million , a reduction in goodwill of $ 61.4 million , the establishment of a tax receivable of $ 58.2 million , which was recorded in other current and non-current assets on our consolidated balance sheet , and an increase in an interest/penalty payable of $ 7.9 million , all as of january 1 , 2007 . therefore , after the adoption of fin 48 , the amount of unrecognized tax benefits is $ 95.7 million as of january 1 , 2007 , of which $ 28.6 million would impact our effective tax rate , if recognized . the amount of unrecognized tax benefits is $ 135.2 million as of december 31 , 2007 . of this amount , $ 41.0 million would impact our effective tax rate , if recognized . a reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows ( in millions ) : .
|balance at january 1 2007|$ 95.7|
|increases related to prior periods|27.4|
|decreases related to prior periods|-5.5 ( 5.5 )|
|increases related to current period|21.9|
|decreases related to settlements with taxing authorities|-1.3 ( 1.3 )|
|decreases related to lapse of statue of limitations|-3.0 ( 3.0 )|
|balance at december 31 2007|$ 135.2|
we recognize accrued interest and penalties related to unrecognized tax benefits in income tax expense in the consolidated statements of earnings , which is consistent with the recognition of these items in prior reporting periods . as of january 1 , 2007 , we recorded a liability of $ 9.6 million for accrued interest and penalties , of which $ 7.5 million would impact our effective tax rate , if recognized . the amount of this liability is $ 19.6 million as of december 31 , 2007 . of this amount , $ 14.7 million would impact our effective tax rate , if recognized . we expect that the amount of tax liability for unrecognized tax benefits will change in the next twelve months ; however , we do not expect these changes will have a significant impact on our results of operations or financial position . the u.s . federal statute of limitations remains open for the year 2003 and onward with years 2003 and 2004 currently under examination by the irs . it is reasonably possible that a resolution with the irs for the years 2003 through 2004 will be reached within the next twelve months , but we do not anticipate this would result in any material impact on our financial position . in addition , for the 1999 tax year of centerpulse , which we acquired in october 2003 , one issue remains in dispute . the resolution of this issue would not impact our effective tax rate , as it would be recorded as an adjustment to goodwill . state income tax returns are generally subject to examination for a period of 3 to 5 years after filing of the respective return . the state impact of any federal changes remains subject to examination by various states for a period of up to one year after formal notification to the states . we have various state income tax returns in the process of examination , administrative appeals or litigation . it is reasonably possible that such matters will be resolved in the next twelve months , but we do not anticipate that the resolution of these matters would result in any material impact on our results of operations or financial position . foreign jurisdictions have statutes of limitations generally ranging from 3 to 5 years . years still open to examination by foreign tax authorities in major jurisdictions include australia ( 2003 onward ) , canada ( 1999 onward ) , france ( 2005 onward ) , germany ( 2005 onward ) , italy ( 2003 onward ) , japan ( 2001 onward ) , puerto rico ( 2005 onward ) , singapore ( 2003 onward ) , switzerland ( 2004 onward ) , and the united kingdom ( 2005 onward ) . z i m m e r h o l d i n g s , i n c . 2 0 0 7 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) .
Question: what percentage of unrecognized tax benefits at the end of 2007 would have an affect on taxes? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.2264 | 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 securities and exchange commission , 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 s&p 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 , 2002 in the s&p 500 index , the dow jones transportation average , and the class b common stock of united parcel service , inc . comparison of five year cumulative total return $ 40.00 $ 60.00 $ 80.00 $ 100.00 $ 120.00 $ 140.00 $ 160.00 $ 180.00 $ 200.00 $ 220.00 2002 20072006200520042003 s&p 500 ups dj transport .
||12/31/02|12/31/03|12/31/04|12/31/05|12/31/06|12/31/07|
|united parcel service inc .|$ 100.00|$ 119.89|$ 139.55|$ 124.88|$ 127.08|$ 122.64|
|s&p 500 index|$ 100.00|$ 128.68|$ 142.68|$ 149.69|$ 173.33|$ 182.85|
|dow jones transportation average|$ 100.00|$ 131.84|$ 168.39|$ 188.00|$ 206.46|$ 209.40|
securities authorized for issuance under equity compensation plans the following table provides information as of december 31 , 2007 regarding compensation plans under which our class a common stock is authorized for issuance . these plans do not authorize the issuance of our class b common stock. .
Question: what was the percentage five year cumulative total return for united parcel service inc . for the period ended 12/31/07? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.36364 | Context:on may 12 , 2017 , the company 2019s stockholders approved the american water works company , inc . 2017 omnibus equity compensation plan ( the 201c2017 omnibus plan 201d ) . a total of 7.2 million shares of common stock may be issued under the 2017 omnibus plan . as of december 31 , 2017 , 7.2 million shares were available for grant under the 2017 omnibus plan . the 2017 omnibus plan provides that grants of awards may be in any of the following forms : incentive stock options , nonqualified stock options , stock appreciation rights , stock units , stock awards , other stock-based awards and dividend equivalents , which may be granted only on stock units or other stock-based awards . following the approval of the 2017 omnibus plan , no additional awards are to be granted under the 2007 plan . however , shares will still be issued under the 2007 plan pursuant to the terms of awards previously issued under that plan prior to may 12 , 2017 . the cost of services received from employees in exchange for the issuance of stock options and restricted stock awards is measured based on the grant date fair value of the awards issued . the value of stock options and rsus awards at the date of the grant is amortized through expense over the three-year service period . all awards granted in 2017 , 2016 and 2015 are classified as equity . the company recognizes compensation expense for stock awards over the vesting period of the award . the company stratified its grant populations and used historic employee turnover rates to estimate employee forfeitures . the estimated rate is compared to the actual forfeitures at the end of the reporting period and adjusted as necessary . the following table presents stock-based compensation expense recorded in operation and maintenance expense in the accompanying consolidated statements of operations for the years ended december 31: .
||2017|2016|2015|
|stock options|$ 1|$ 2|$ 2|
|rsus|9|8|8|
|nonqualified employee stock purchase plan|1|1|1|
|stock-based compensation|11|11|11|
|income tax benefit|-4 ( 4 )|-4 ( 4 )|-4 ( 4 )|
|stock-based compensation expense net of tax|$ 7|$ 7|$ 7|
there were no significant stock-based compensation costs capitalized during the years ended december 31 , 2017 , 2016 and 2015 . the company receives a tax deduction based on the intrinsic value of the award at the exercise date for stock options and the distribution date for rsus . for each award , throughout the requisite service period , the company recognizes the tax benefits , which have been included in deferred income tax assets , related to compensation costs . the tax deductions in excess of the benefits recorded throughout the requisite service period are recorded to the consolidated statements of operations and are presented in the financing section of the consolidated statements of cash flows . stock options there were no grants of stock options to employees in 2017 . in 2016 and 2015 , the company granted non-qualified stock options to certain employees under the 2007 plan . the stock options vest ratably over the three-year service period beginning on january 1 of the year of the grant and have no performance vesting conditions . expense is recognized using the straight-line method and is amortized over the requisite service period. .
Question: what was the percent of the tax benefit as a part of the stock based compensation in 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: |
455.0 | Context:table of contents 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 u.s . the lower effective tax rate in 2010 as compared to 2009 is due primarily to an increase in foreign earnings on which u.s . income taxes have not been provided as such earnings are intended to be indefinitely reinvested outside the u.s . as of september 25 , 2010 , the company had deferred tax assets arising from deductible temporary differences , tax losses , and tax credits of $ 2.4 billion , and deferred tax liabilities of $ 5.0 billion . management believes it is more likely than not that forecasted income , including income that may be generated as a result of certain tax planning strategies , together with future reversals of existing taxable temporary differences , will be sufficient to fully recover the deferred tax assets . the company will continue to evaluate the realizability of deferred tax assets quarterly by assessing the need for and amount of a valuation allowance . the internal revenue service ( the 201cirs 201d ) has completed its field audit of the company 2019s federal income tax returns for the years 2004 through 2006 and proposed certain adjustments . the company has contested certain of these adjustments through the irs appeals office . the irs is currently examining the years 2007 through 2009 . all irs audit issues for years prior to 2004 have been resolved . during the third quarter of 2010 , the company reached a tax settlement with the irs for the years 2002 through 2003 . in addition , the company is subject to audits by state , local , and foreign tax authorities . management believes that adequate provision has been made for any adjustments that may result from tax examinations . however , the outcome of tax audits cannot be predicted with certainty . if any issues addressed in the company 2019s tax audits are resolved in a manner not consistent with management 2019s expectations , the company could be required to adjust its provision for income taxes in the period such resolution occurs . liquidity and capital resources the following table presents selected financial information and statistics as of and for the three years ended september 25 , 2010 ( in millions ) : as of september 25 , 2010 , the company had $ 51 billion in cash , cash equivalents and marketable securities , an increase of $ 17 billion from september 26 , 2009 . the principal component of this net increase was the cash generated by operating activities of $ 18.6 billion , which was partially offset by payments for acquisition of property , plant and equipment of $ 2 billion and payments made in connection with business acquisitions , net of cash acquired , of $ 638 million . the company 2019s marketable securities investment portfolio is invested primarily in highly rated securities , generally with a minimum rating of single-a or equivalent . as of september 25 , 2010 and september 26 , 2009 , $ 30.8 billion and $ 17.4 billion , respectively , of the company 2019s cash , cash equivalents and marketable securities were held by foreign subsidiaries and are generally based in u.s . dollar-denominated holdings . the company believes its existing balances of cash , cash equivalents and marketable securities will be sufficient to satisfy its working capital needs , capital asset purchases , outstanding commitments and other liquidity requirements associated with its existing operations over the next 12 months. .
||2010|2009|2008|
|cash cash equivalents and marketable securities|$ 51011|$ 33992|$ 24490|
|accounts receivable net|$ 5510|$ 3361|$ 2422|
|inventories|$ 1051|$ 455|$ 509|
|working capital|$ 20956|$ 20049|$ 18645|
|annual operating cash flow|$ 18595|$ 10159|$ 9596|
.
Question: what was the lowest amount of inventories , 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: |
-0.2616 | Context:( 1 ) includes shares repurchased through our publicly announced share repurchase program and shares tendered to pay the exercise price and tax withholding on employee stock options . 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 securities and exchange commission , 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 s&p 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 , 2004 in the s&p 500 index , the dow jones transportation average , and our class b common stock . comparison of five year cumulative total return $ 40.00 $ 60.00 $ 80.00 $ 100.00 $ 120.00 $ 140.00 $ 160.00 2004 20092008200720062005 s&p 500 ups dj transport .
||12/31/04|12/31/05|12/31/06|12/31/07|12/31/08|12/31/09|
|united parcel service inc .|$ 100.00|$ 89.49|$ 91.06|$ 87.88|$ 70.48|$ 75.95|
|s&p 500 index|$ 100.00|$ 104.91|$ 121.48|$ 128.15|$ 80.74|$ 102.11|
|dow jones transportation average|$ 100.00|$ 111.65|$ 122.61|$ 124.35|$ 97.72|$ 115.88|
.
Question: what was the difference in percentage cumulative return on investment for united parcel service inc . compared to the s&p 500 index for the five year period ended 12/31/09? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.08716 | Context:9 . lease commitments the company leases certain land , facilities , equipment and software under various operating leases that expire at various dates through 2057 . the lease agreements frequently include renewal and escalation clauses and require the company to pay taxes , insurance and maintenance costs . total rental expense under operating leases was approximatelya $ 92.3 million in fiscal 2019 , $ 84.9 million in fiscal 2018 and $ 58.8 million in fiscal 2017 . the following is a schedule of futureff minimum rental payments required under long-term operating leases at november 2 , 2019 : operating fiscal years leases .
|fiscal years|operating leases|
|2020|$ 79789|
|2021|67993|
|2022|40338|
|2023|37673|
|2024|32757|
|later years|190171|
|total|$ 448721|
10 . commitments and contingencies from time to time , in the ordinary course of the company 2019s business , various claims , charges and litigation are asserted or commenced against the company arising from , or related to , among other things , contractual matters , patents , trademarks , personal injury , environmental matters , product liability , insurance coverage , employment or employment benefits . as to such claims and litigation , the company can give no assurance that it will prevail . the company does not believe that any current legal matters will have a material adverse effect on the company 2019s financial position , results of operations or cash flows . 11 . retirement plans the company and its subsidiaries have various savings and retirement plans covering substantially all employees . defined contribution plans the company maintains a defined contribution plan for the benefit of its eligible u.s . employees . this plan provides for company contributions of up to 5% ( 5 % ) of each participant 2019s total eligible compensation . in addition , the company contributes an amount equal to each participant 2019s pre-tax contribution , if any , up to a maximum of 3% ( 3 % ) of each participant 2019s total eligible compensation . the total expense related to the defined contribution plans for u.s . employees was $ 47.7 million in fiscal 2019 , $ 41.4 million in fiscal 2018 and $ 35.8 million in fiscal 2017 . non-qualified deferred compensation plan the deferred compensation plan ( dcp ) allows certain members of management and other highly-compensated employees and non-employee directors to defer receipt of all or any portion of their compensation . the dcp was established to provide participants with the opportunity to defer receiving all or a portion of their compensation , which includes salary , bonus , commissions and director fees . under the dcp , the company provides all participants ( other than non-employee directors ) with company contributions equal to 8% ( 8 % ) of eligible deferred contributions . the dcp is a non-qualified plan that is maintained in a rabbi trust . the fair value of the investments held in the rabbi trust are presented separately as deferred compensation plan investments , with the current portion of the investment included in prepaid expenses and other current assets in the consolidated balance sheets . see note 2j , fair value , for further information on these investments . the deferred compensation obligation represents dcp participant accumulated deferrals and earnings thereon since the inception of the dcp net of withdrawals . the deferred compensation obligation is presented separately as deferred compensation plan liability , with the current portion of the obligation in accrued liabilities in the consolidated balance sheets . the company 2019s liability under the dcp is an unsecured general obligation of the company . analog devices , inc . notes to consolidated financial statements 2014 ( continued ) .
Question: what is the percentage change in total rental expense under operating leases in 2019 compare to 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: |
524.66041 | Context:maturities of long-term debt in each of the next five years and beyond are as follows: .
|2014|$ 907.4|
|2015|453.0|
|2016|433.0|
|2017|453.8|
|2018|439.9|
|thereafter|2876.6|
|total|$ 5563.7|
on 4 february 2013 , we issued a $ 400.0 senior fixed-rate 2.75% ( 2.75 % ) note that matures on 3 february 2023 . additionally , on 7 august 2013 , we issued a 2.0% ( 2.0 % ) eurobond for 20ac300 million ( $ 397 ) that matures on 7 august 2020 . various debt agreements to which we are a party also include financial covenants and other restrictions , including restrictions pertaining to the ability to create property liens and enter into certain sale and leaseback transactions . as of 30 september 2013 , we are in compliance with all the financial and other covenants under our debt agreements . as of 30 september 2013 , we have classified commercial paper of $ 400.0 maturing in 2014 as long-term debt because we have the ability and intent to refinance the debt under our $ 2500.0 committed credit facility maturing in 2018 . our current intent is to refinance this debt via the u.s . public or private placement markets . on 30 april 2013 , we entered into a five-year $ 2500.0 revolving credit agreement with a syndicate of banks ( the 201c2013 credit agreement 201d ) , under which senior unsecured debt is available to us and certain of our subsidiaries . the 2013 credit agreement provides us with a source of liquidity and supports our commercial paper program . this agreement increases the previously existing facility by $ 330.0 , extends the maturity date to 30 april 2018 , and modifies the financial covenant to a maximum ratio of total debt to total capitalization ( total debt plus total equity plus redeemable noncontrolling interest ) no greater than 70% ( 70 % ) . no borrowings were outstanding under the 2013 credit agreement as of 30 september 2013 . the 2013 credit agreement terminates and replaces our previous $ 2170.0 revolving credit agreement dated 8 july 2010 , as subsequently amended , which was to mature 30 june 2015 and had a financial covenant of long-term debt divided by the sum of long-term debt plus equity of no greater than 60% ( 60 % ) . no borrowings were outstanding under the previous agreement at the time of its termination and no early termination penalties were incurred . effective 11 june 2012 , we entered into an offshore chinese renminbi ( rmb ) syndicated credit facility of rmb1000.0 million ( $ 163.5 ) , maturing in june 2015 . there are rmb250.0 million ( $ 40.9 ) in outstanding borrowings under this commitment at 30 september 2013 . additional commitments totaling $ 383.0 are maintained by our foreign subsidiaries , of which $ 309.0 was borrowed and outstanding at 30 september 2013. .
Question: what is going to be the matured value of the $ 400.0 issued in 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: |
8.01 | Context:the goldman sachs group , inc . and subsidiaries notes to consolidated financial statements lending commitments the firm 2019s lending commitments are agreements to lend with fixed termination dates and depend on the satisfaction of all contractual conditions to borrowing . these commitments are presented net of amounts syndicated to third parties . the total commitment amount does not necessarily reflect actual future cash flows because the firm may syndicate all or substantial additional portions of these commitments . in addition , commitments can expire unused or be reduced or cancelled at the counterparty 2019s request . the table below presents information about lending commitments. .
|$ in millions|as of december 2018|as of december 2017|
|held for investment|$ 120997|$ 124504|
|held for sale|8602|9838|
|at fair value|7983|9404|
|total|$ 137582|$ 143746|
in the table above : 2030 held for investment lending commitments are accounted for on an accrual basis . see note 9 for further information about such commitments . 2030 held for sale lending commitments are accounted for at the lower of cost or fair value . 2030 gains or losses related to lending commitments at fair value , if any , are generally recorded , net of any fees in other principal transactions . 2030 substantially all lending commitments relates to the firm 2019s investing & lending segment . commercial lending . the firm 2019s commercial lending commitments were primarily extended to investment-grade corporate borrowers . such commitments included $ 93.99 billion as of december 2018 and $ 85.98 billion as of december 2017 , related to relationship lending activities ( principally used for operating and general corporate purposes ) and $ 27.92 billion as of december 2018 and $ 42.41 billion as of december 2017 , related to other investment banking activities ( generally extended for contingent acquisition financing and are often intended to be short-term in nature , as borrowers often seek to replace them with other funding sources ) . the firm also extends lending commitments in connection with other types of corporate lending , as well as commercial real estate financing . see note 9 for further information about funded loans . 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 $ 15.52 billion as of december 2018 and $ 25.70 billion as of december 2017 . 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 $ 1.0 billion , of which $ 550 million of protection had been provided as of both december 2018 and december 2017 . the firm also uses other financial instruments to mitigate credit risks related to certain commitments not covered by smfg . these instruments primarily include credit default swaps that reference the same or similar underlying instrument or entity , or credit default swaps that reference a market index . warehouse financing . the firm provides financing to clients who warehouse financial assets . these arrangements are secured by the warehoused assets , primarily consisting of consumer and corporate loans . contingent and forward starting collateralized agreements / forward starting collateralized financings forward starting collateralized agreements includes resale and securities borrowing agreements , and forward starting collateralized financings includes repurchase and secured lending agreements that settle at a future date , generally within three business days . the firm also enters into commitments to provide contingent financing to its clients and counterparties through resale agreements . the firm 2019s funding of these commitments depends on the satisfaction of all contractual conditions to the resale agreement and these commitments can expire unused . letters of credit the firm has commitments under letters of credit issued by various banks which the firm provides to counterparties in lieu of securities or cash to satisfy various collateral and margin deposit requirements . investment commitments investment commitments includes commitments to invest in private equity , real estate and other assets directly and through funds that the firm raises and manages . investment commitments included $ 2.42 billion as of december 2018 and $ 2.09 billion as of december 2017 , related to commitments to invest in funds managed by the firm . if these commitments are called , they would be funded at market value on the date of investment . goldman sachs 2018 form 10-k 159 .
Question: for the firm 2019s commercial lending commitments primarily extended to investment-grade corporate borrowers , what was the change in billions as of december 2018 and 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: |
no | Context:marathon oil corporation notes to consolidated financial statements expected long-term return on plan assets 2013 the expected long-term return on plan assets assumption for our u.s . funded plan is determined based on an asset rate-of-return modeling tool developed by a third-party investment group which utilizes underlying assumptions based on actual returns by asset category and inflation and takes into account our u.s . pension plan 2019s asset allocation . to determine the expected long-term return on plan assets assumption for our international plans , we consider the current level of expected returns on risk-free investments ( primarily government bonds ) , the historical levels of the risk premiums associated with the other applicable asset categories and the expectations for future returns of each asset class . the expected return for each asset category is then weighted based on the actual asset allocation to develop the overall expected long-term return on plan assets assumption . assumed weighted average health care cost trend rates .
||2018|2017|2016|
|initial health care trend rate|n/a|8.00% ( 8.00 % )|8.25% ( 8.25 % )|
|ultimate trend rate|n/a|4.70% ( 4.70 % )|4.50% ( 4.50 % )|
|year ultimate trend rate is reached|n/a|2025|2025|
n/a all retiree medical subsidies are frozen as of january 1 , 2019 . employer provided subsidies for post-65 retiree health care coverage were frozen effective january 1 , 2017 at january 1 , 2016 established amount levels . company contributions are funded to a health reimbursement account on the retiree 2019s behalf to subsidize the retiree 2019s cost of obtaining health care benefits through a private exchange ( the 201cpost-65 retiree health benefits 201d ) . therefore , a 1% ( 1 % ) change in health care cost trend rates would not have a material impact on either the service and interest cost components and the postretirement benefit obligations . in the fourth quarter of 2018 , we terminated the post-65 retiree health benefits effective as of december 31 , 2020 . the post-65 retiree health benefits will no longer be provided after that date . in addition , the pre-65 retiree medical coverage subsidy has been frozen as of january 1 , 2019 , and the ability for retirees to opt in and out of this coverage , as well as pre-65 retiree dental and vision coverage , has also been eliminated . retirees must enroll in connection with retirement for such coverage , or they lose eligibility . these plan changes reduced our retiree medical benefit obligation by approximately $ 99 million . plan investment policies and strategies 2013 the investment policies for our u.s . and international pension plan assets reflect the funded status of the plans and expectations regarding our future ability to make further contributions . long-term investment goals are to : ( 1 ) manage the assets in accordance with applicable legal requirements ; ( 2 ) produce investment returns which meet or exceed the rates of return achievable in the capital markets while maintaining the risk parameters set by the plan's investment committees and protecting the assets from any erosion of purchasing power ; and ( 3 ) position the portfolios with a long-term risk/ return orientation . investment performance and risk is measured and monitored on an ongoing basis through quarterly investment meetings and periodic asset and liability studies . u.s . plan 2013 the plan 2019s current targeted asset allocation is comprised of 55% ( 55 % ) equity securities and 45% ( 45 % ) other fixed income securities . over time , as the plan 2019s funded ratio ( as defined by the investment policy ) improves , in order to reduce volatility in returns and to better match the plan 2019s liabilities , the allocation to equity securities will decrease while the amount allocated to fixed income securities will increase . the plan's assets are managed by a third-party investment manager . international plan 2013 our international plan's target asset allocation is comprised of 55% ( 55 % ) equity securities and 45% ( 45 % ) fixed income securities . the plan assets are invested in ten separate portfolios , mainly pooled fund vehicles , managed by several professional investment managers whose performance is measured independently by a third-party asset servicing consulting fair value measurements 2013 plan assets are measured at fair value . the following provides a description of the valuation techniques employed for each major plan asset class at december 31 , 2018 and 2017 . cash and cash equivalents 2013 cash and cash equivalents are valued using a market approach and are considered level 1 . equity securities 2013 investments in common stock are valued using a market approach at the closing price reported in an active market and are therefore considered level 1 . private equity investments include interests in limited partnerships which are valued based on the sum of the estimated fair values of the investments held by each partnership , determined using a combination of market , income and cost approaches , plus working capital , adjusted for liabilities , currency translation and estimated performance incentives . these private equity investments are considered level 3 . investments in pooled funds are valued using a market approach , these various funds consist of equity with underlying investments held in u.s . and non-u.s . securities . the pooled funds are benchmarked against a relative public index and are considered level 2. .
Question: was initial health care trend rate higher in 2017 than 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: |
0.06383 | Context:visa inc . notes to consolidated financial statements 2014 ( continued ) september 30 , 2013 market condition is based on the company 2019s total shareholder return ranked against that of other companies that are included in the standard & poor 2019s 500 index . the fair value of the performance- based shares , incorporating the market condition , is estimated on the grant date using a monte carlo simulation model . the grant-date fair value of performance-based shares in fiscal 2013 , 2012 and 2011 was $ 164.14 , $ 97.84 and $ 85.05 per share , respectively . earned performance shares granted in fiscal 2013 and 2012 vest approximately three years from the initial grant date . earned performance shares granted in fiscal 2011 vest in two equal installments approximately two and three years from their respective grant dates . all performance awards are subject to earlier vesting in full under certain conditions . compensation cost for performance-based shares is initially estimated based on target performance . it is recorded net of estimated forfeitures and adjusted as appropriate throughout the performance period . at september 30 , 2013 , there was $ 15 million of total unrecognized compensation cost related to unvested performance-based shares , which is expected to be recognized over a weighted-average period of approximately 1.0 years . note 17 2014commitments and contingencies commitments . the company leases certain premises and equipment throughout the world with varying expiration dates . the company incurred total rent expense of $ 94 million , $ 89 million and $ 76 million in fiscal 2013 , 2012 and 2011 , respectively . future minimum payments on leases , and marketing and sponsorship agreements per fiscal year , at september 30 , 2013 , are as follows: .
|( in millions )|2014|2015|2016|2017|2018|thereafter|total|
|operating leases|$ 100|$ 77|$ 43|$ 35|$ 20|$ 82|$ 357|
|marketing and sponsorships|116|117|61|54|54|178|580|
|total|$ 216|$ 194|$ 104|$ 89|$ 74|$ 260|$ 937|
select sponsorship agreements require the company to spend certain minimum amounts for advertising and marketing promotion over the life of the contract . for commitments where the individual years of spend are not specified in the contract , the company has estimated the timing of when these amounts will be spent . in addition to the fixed payments stated above , select sponsorship agreements require the company to undertake marketing , promotional or other activities up to stated monetary values to support events which the company is sponsoring . the stated monetary value of these activities typically represents the value in the marketplace , which may be significantly in excess of the actual costs incurred by the company . client incentives . the company has agreements with financial institution clients and other business partners for various programs designed to build payments volume , increase visa-branded card and product acceptance and win merchant routing transactions . these agreements , with original terms ranging from one to thirteen years , can provide card issuance and/or conversion support , volume/growth targets and marketing and program support based on specific performance requirements . these agreements are designed to encourage client business and to increase overall visa-branded payment and transaction volume , thereby reducing per-unit transaction processing costs and increasing brand awareness for all visa clients . payments made that qualify for capitalization , and obligations incurred under these programs are reflected on the consolidated balance sheet . client incentives are recognized primarily as a reduction .
Question: what will be the percentage increase in rent expense from 2013 to 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: |
0.13934 | Context:note 9 . retirement plan we maintain a defined contribution pension plan covering full-time shoreside employees who have completed the minimum period of continuous service . annual contributions to the plan are based on fixed percentages of participants 2019 salaries and years of service , not to exceed certain maximums . pension cost was $ 13.9 million , $ 12.8 million and $ 12.2 million for the years ended december 31 , 2006 , 2005 and 2004 , respectively . note 10 . income taxes we and the majority of our subsidiaries are currently exempt from united states corporate tax on income from the international opera- tion of ships pursuant to section 883 of the internal revenue code . income tax expense related to our remaining subsidiaries was not significant for the years ended december 31 , 2006 , 2005 and 2004 . final regulations under section 883 were published on august 26 , 2003 , and were effective for the year ended december 31 , 2005 . these regulations confirmed that we qualify for the exemption provid- ed by section 883 , but also narrowed the scope of activities which are considered by the internal revenue service to be incidental to the international operation of ships . the activities listed in the regula- tions as not being incidental to the international operation of ships include income from the sale of air and other transportation such as transfers , shore excursions and pre and post cruise tours . to the extent the income from such activities is earned from sources within the united states , such income will be subject to united states taxa- tion . the application of these new regulations reduced our net income for the years ended december 31 , 2006 and december 31 , 2005 by approximately $ 6.3 million and $ 14.0 million , respectively . note 11 . financial instruments the estimated fair values of our financial instruments are as follows ( in thousands ) : .
||2006|2005|
|cash and cash equivalents|$ 104520|$ 125385|
|long-term debt ( including current portion of long-term debt )|-5474988 ( 5474988 )|-4368874 ( 4368874 )|
|foreign currency forward contracts in a net ( loss ) gain position|104159|-115415 ( 115415 )|
|interest rate swap agreements in a net receivable position|5856|8456|
|fuel swap agreements in a net payable position|-20456 ( 20456 )|-78 ( 78 )|
long-term debt ( including current portion of long-term debt ) ( 5474988 ) ( 4368874 ) foreign currency forward contracts in a net ( loss ) gain position 104159 ( 115415 ) interest rate swap agreements in a net receivable position 5856 8456 fuel swap agreements in a net payable position ( 20456 ) ( 78 ) the reported fair values are based on a variety of factors and assumptions . accordingly , the fair values may not represent actual values of the financial instruments that could have been realized as of december 31 , 2006 or 2005 , or that will be realized in the future and do not include expenses that could be incurred in an actual sale or settlement . our financial instruments are not held for trading or speculative purposes . our exposure under foreign currency contracts , interest rate and fuel swap agreements is limited to the cost of replacing the contracts in the event of non-performance by the counterparties to the contracts , all of which are currently our lending banks . to minimize this risk , we select counterparties with credit risks acceptable to us and we limit our exposure to an individual counterparty . furthermore , all foreign currency forward contracts are denominated in primary currencies . cash and cash equivalents the carrying amounts of cash and cash equivalents approximate their fair values due to the short maturity of these instruments . long-term debt the fair values of our senior notes and senior debentures were esti- mated by obtaining quoted market prices . the fair values of all other debt were estimated using discounted cash flow analyses based on market rates available to us for similar debt with the same remaining maturities . foreign currency contracts the fair values of our foreign currency forward contracts were esti- mated using current market prices for similar instruments . our expo- sure to market risk for fluctuations in foreign currency exchange rates relates to six ship construction contracts and forecasted transactions . we use foreign currency forward contracts to mitigate the impact of fluctuations in foreign currency exchange rates . as of december 31 , 2006 , we had foreign currency forward contracts in a notional amount of $ 3.8 billion maturing through 2009 . as of december 31 , 2006 , the fair value of our foreign currency forward contracts related to the six ship construction contracts , which are designated as fair value hedges , was a net unrealized gain of approximately $ 106.3 mil- lion . at december 31 , 2005 , the fair value of our foreign currency for- ward contracts related to three ship construction contracts , designated as fair value hedges , was a net unrealized loss of approx- imately $ 103.4 million . the fair value of our foreign currency forward contracts related to the other ship construction contract at december 31 , 2005 , which was designated as a cash flow hedge , was an unre- alized loss , of approximately $ 7.8 million . at december 31 , 2006 , approximately 11% ( 11 % ) of the aggregate cost of the ships was exposed to fluctuations in the euro exchange rate . r o y a l c a r i b b e a n c r u i s e s l t d . 3 5 notes to the consolidated financial statements ( continued ) 51392_financials-v9.qxp 6/7/07 3:40 pm page 35 .
Question: what was the percentage increase in the annual pension costs 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: |
0.00503 | Context:the following table adjusts the revised diluted earnings per share for 2005 from the preceding table to reflect the approximate impact of using the non-substantive vesting period approach for these periods . stock-based compensation .
|pro forma earnings per share 2014 diluted|2005|
|earnings per share 2014 diluted|$ 3.98|
|impact of retirement-eligible employees|$ -0.02 ( 0.02 )|
|pro forma ( adjusted to reflect non-substantive vesting period approach )|$ 3.96|
pro forma ( adjusted to reflect non-substantive vesting period approach ) $ 3.96 note 16 . business segments effective in the first quarter of 2007 , 3m made certain changes to its business segments in its continuing effort to drive growth by aligning businesses around markets and customers . the most significant of these changes are summarized as follows : 2022 3m 2019s new emerging business opportunity in its track and trace initiative resulted in the merging of a number of formerly separate efforts into one concerted effort for future growth . track and trace has a growing array of applications 2013 from tracking packages to managing medical and legal records . the establishment of this new initiative within 3m 2019s safety , security and protection services segment resulted in the transfer of certain businesses to this segment from other segments , including the transfer of highjump software inc. , a 3m u.s.-based subsidiary that provides supply chain execution software and solutions ( industrial and transportation segment ) and the transfer of certain track and trace products from the electro and communications segment . 2022 3m 2019s visual systems business ( consumer and office segment ) , which offers analog overhead and electronic projectors and film , was transferred to the electro and communications segment . this transfer is intended to leverage common markets , customers , suppliers and technologies . 2022 3m 2019s industrial and transportation segment ( energy and advanced materials business ) transferred the 3m 2122 aluminum conductor composite reinforced ( accr ) electrical power cable to the electro and communications segment ( electrical markets business ) . with an aluminum-based metal matrix at its core , the accr product increases transmission capacity for existing power lines . the electrical markets business sells insulating , testing and connecting products to various markets , including the electric utility markets . 2022 certain adhesives and tapes in the industrial and transportation segment ( industrial adhesives and tapes business ) were transferred to the consumer and office segment ( primarily related to the construction and home improvement business and the stationery products business ) and to the electro and communications segment ( electronics markets materials business ) . certain maintenance-free respirator products for the consumer market in 3m 2019s safety , security and protection services segment were transferred to the consumer and office segment ( construction and home improvement business ) . 2022 3m transferred film manufacturing and supply chain operations , a resource for the manufacturing and development of films and materials , to the display and graphics business from corporate and unallocated . the financial information presented herein reflects the impact of all of the preceding changes for all periods presented . 3m 2019s businesses are organized , managed and internally grouped into segments based on differences in products , technologies and services . 3m continues to manage its operations in six operating business segments : industrial and transportation segment , health care segment , display and graphics segment , consumer and office segment , safety , security and protection services segment and electro and communications segment . 3m 2019s six business segments bring together common or related 3m technologies , enhancing the development of innovative products and services and providing for efficient sharing of business resources . these segments have worldwide responsibility for virtually all 3m product lines . 3m is not dependent on any single product or market . certain small businesses and lab-sponsored products , as well as various corporate assets and expenses , are not allocated to the business segments . transactions among reportable segments are recorded at cost . 3m is an integrated enterprise characterized by substantial intersegment cooperation , cost allocations and inventory transfers . therefore , management does not represent that these segments , if operated independently , would report the operating income and other financial information shown . the allocations resulting from the shared utilization of assets are not necessarily indicative of the underlying activity for segment assets , depreciation and amortization , and capital expenditures. .
Question: in 2005 what was the percent of the impact of retirement-eligible employees to earnings per share 2014 diluted | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
1.62736 | Context:22 2002subsequent events in january 2011 , we purchased cif 2019s 49.9% ( 49.9 % ) interest in 521 fifth avenue , thereby assuming full ownership of the building . the transaction values the consolidated interest at approximately $ 245.7 a0million . in january 2011 , we repaid our $ 84.8 a0million , 5.15% ( 5.15 % ) unsecured notes at par on their maturity date . in january 2011 , we , along with the moinian group , completed the recapitalization of 3 columbus circle . the recapitalization included a $ 138 a0million equity investment by sl a0green , a portion of which was in the form of sl a0green operating partnership units . we believe the property is now fully capitalized for all costs necessary to complete the redevelop- ment and lease-up of the building . the previously existing mortgage has been refinanced with a bridge loan provided by sl a0green and deutsche bank , which we intend to be further refinanced by third-party lenders at a later date . on february a010 , 2011 , the company and the operating partnership entered into atm equity offering sales agreements with each of merrill lynch , pierce , fenner a0& smith incorporated and morgan stanley a0& a0co . incorporated , to sell shares of the company 2019s common stock , from time to time , through a $ 250.0 a0 million 201cat the market 201d equity offering program under which merrill lynch , pierce , fenner a0& smith incorporated and morgan stanley a0& a0co . incorporated are acting as sales agents . as of february a022 , 2011 , we sold approximately 2.0 a0million shares our common stock through the program for aggregate proceeds of $ 144.1 a0million . 2009 quarter ended december a031 september a030 june a030 march a031 .
|2009 quarter ended|december 31|september 30|june 30|march 31|
|total revenues|$ 243040|$ 245769|$ 248251|$ 258787|
|income ( loss ) net of noncontrolling interests and before gains on sale|-380 ( 380 )|4099|-10242 ( 10242 )|-26600 ( 26600 )|
|equity in net gain ( loss ) on sale of interest in unconsolidated joint venture/ real estate|2014|-157 ( 157 )|-2693 ( 2693 )|9541|
|gain on early extinguishment of debt|606|8368|29321|47712|
|gain ( loss ) on equity investment in marketable securities|-232 ( 232 )|-52 ( 52 )|127|-807 ( 807 )|
|net income from discontinued operations|1593|1863|999|1319|
|gain ( loss ) on sale of discontinued operations|-1741 ( 1741 )|-11672 ( 11672 )|2014|6572|
|net income ( loss ) attributable to sl green|-154 ( 154 )|2449|17512|37737|
|preferred stock dividends|-4969 ( 4969 )|-4969 ( 4969 )|-4969 ( 4969 )|-4969 ( 4969 )|
|net income ( loss ) attributable to sl green common stockholders|$ -5123 ( 5123 )|$ -2520 ( 2520 )|$ 12543|$ 32768|
|net income ( loss ) per common share-basic|$ -0.07 ( 0.07 )|$ -0.03 ( 0.03 )|$ 0.19|$ 0.57|
|net income ( loss ) per common share-diluted|$ -0.07 ( 0.07 )|$ -0.03 ( 0.03 )|$ 0.18|$ 0.57|
88 sl green realty corp . 2010 annual report notes to consolidated financial statements .
Question: in 2011 what was the ratio of the recapitalization of 3 columbus circle to the 5.15% ( 5.15 % ) unsecured notes repayment | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.49515 | Context:the company is currently under audit by the internal revenue service and other major taxing jurisdictions around the world . it is thus reasonably possible that significant changes in the gross balance of unrecognized tax benefits may occur within the next 12 months , but the company does not expect such audits to result in amounts that would cause a significant change to its effective tax rate , other than the following items . the company is currently at irs appeals for the years 1999 20132002 . one of the issues relates to the timing of the inclusion of interchange fees received by the company relating to credit card purchases by its cardholders . it is reasonably possible that within the next 12 months the company can either reach agreement on this issue at appeals or decide to litigate the issue . this issue is presently being litigated by another company in a united states tax court case . the gross uncertain tax position for this item at december 31 , 2008 is $ 542 million . since this is a temporary difference , the only effect to the company 2019s effective tax rate would be due to net interest and state tax rate differentials . if the reserve were to be released , the tax benefit could be as much as $ 168 million . in addition , the company expects to conclude the irs audit of its u.s . federal consolidated income tax returns for the years 2003 20132005 within the next 12 months . the gross uncertain tax position at december 31 , 2008 for the items expected to be resolved is approximately $ 350 million plus gross interest of $ 70 million . the potential net tax benefit to continuing operations could be approximately $ 325 million . the following are the major tax jurisdictions in which the company and its affiliates operate and the earliest tax year subject to examination: .
|jurisdiction|tax year|
|united states|2003|
|mexico|2006|
|new york state and city|2005|
|united kingdom|2007|
|germany|2000|
|korea|2005|
|japan|2006|
|brazil|2004|
foreign pretax earnings approximated $ 10.3 billion in 2008 , $ 9.1 billion in 2007 , and $ 13.6 billion in 2006 ( $ 5.1 billion , $ 0.7 billion and $ 0.9 billion of which , respectively , are in discontinued operations ) . as a u.s . corporation , citigroup and its u.s . subsidiaries are subject to u.s . taxation currently on all foreign pretax earnings earned by a foreign branch . pretax earnings of a foreign subsidiary or affiliate are subject to u.s . taxation when effectively repatriated . the company provides income taxes on the undistributed earnings of non-u.s . subsidiaries except to the extent that such earnings are indefinitely invested outside the united states . at december 31 , 2008 , $ 22.8 billion of accumulated undistributed earnings of non-u.s . subsidiaries were indefinitely invested . at the existing u.s . federal income tax rate , additional taxes ( net of u.s . foreign tax credits ) of $ 6.1 billion would have to be provided if such earnings were remitted currently . the current year 2019s effect on the income tax expense from continuing operations is included in the foreign income tax rate differential line in the reconciliation of the federal statutory rate to the company 2019s effective income tax rate on the previous page . income taxes are not provided for on the company 2019s savings bank base year bad debt reserves that arose before 1988 because under current u.s . tax rules such taxes will become payable only to the extent such amounts are distributed in excess of limits prescribed by federal law . at december 31 , 2008 , the amount of the base year reserves totaled approximately $ 358 million ( subject to a tax of $ 125 million ) . the company has no valuation allowance on deferred tax assets at december 31 , 2008 and december 31 , 2007 . at december 31 , 2008 , the company had a u.s . foreign tax-credit carryforward of $ 10.5 billion , $ 0.4 billion whose expiry date is 2016 , $ 5.3 billion whose expiry date is 2017 and $ 4.8 billion whose expiry date is 2018 . the company has a u.s federal consolidated net operating loss ( nol ) carryforward of approximately $ 13 billion whose expiration date is 2028 . the company also has a general business credit carryforward of $ 0.6 billion whose expiration dates are 2027-2028 . the company has state and local net operating loss carryforwards of $ 16.2 billion and $ 4.9 billion in new york state and new york city , respectively . this consists of $ 2.4 billion and $ 1.2 billion , whose expiration date is 2027 and $ 13.8 billion and $ 3.7 billion whose expiration date is 2028 and for which the company has recorded a deferred-tax asset of $ 1.2 billion , along with less significant net operating losses in various other states for which the company has recorded a deferred-tax asset of $ 399 million and which expire between 2012 and 2028 . in addition , the company has recorded deferred-tax assets in apb 23 subsidiaries for foreign net operating loss carryforwards of $ 130 million ( which expires in 2018 ) and $ 101 million ( with no expiration ) . although realization is not assured , the company believes that the realization of the recognized net deferred tax asset of $ 44.5 billion is more likely than not based on expectations as to future taxable income in the jurisdictions in which it operates and available tax planning strategies , as defined in sfas 109 , that could be implemented if necessary to prevent a carryforward from expiring . the company 2019s net deferred tax asset ( dta ) of $ 44.5 billion consists of approximately $ 36.5 billion of net u.s . federal dtas , $ 4 billion of net state dtas and $ 4 billion of net foreign dtas . included in the net federal dta of $ 36.5 billion are deferred tax liabilities of $ 4 billion that will reverse in the relevant carryforward period and may be used to support the dta . the major components of the u.s . federal dta are $ 10.5 billion in foreign tax-credit carryforwards , $ 4.6 billion in a net-operating-loss carryforward , $ 0.6 billion in a general-business-credit carryforward , $ 19.9 billion in net deductions that have not yet been taken on a tax return , and $ 0.9 billion in compensation deductions , which reduced additional paid-in capital in january 2009 and for which sfas 123 ( r ) did not permit any adjustment to such dta at december 31 , 2008 because the related stock compensation was not yet deductible to the company . in general , citigroup would need to generate approximately $ 85 billion of taxable income during the respective carryforward periods to fully realize its federal , state and local dtas. .
Question: what percent of foreign pretax earnings in 2008 were from discontinued 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: |
0.3037 | Context:management 2019s discussion and analysis of financial condition and results of operations ( continued ) the following results drove changes in ccg operating income by approximately the amounts indicated: .
|( in millions )|operating income reconciliation|
|$ 10646|2016 ccg operating income|
|1250|lower ccg platform unit cost|
|905|lower ccg operating expense|
|625|higher gross margin from ccg platform revenue1|
|-645 ( 645 )|higher factory start-up costs primarily driven by the ramp of our 10nm process technology|
|345|other|
|$ 8166|2015 ccg operating income|
|-2060 ( 2060 )|higher ccg platform unit costs|
|-1565 ( 1565 )|lower gross margin from ccg platform revenue2|
|435|lower factory start-up costs primarily driven by the ramp of our 14nm process technology|
|430|lower production costs primarily on our 14nm products treated as period charges in 2014|
|375|lower operating expense|
|224|other|
|$ 10327|2014 ccg operating income|
1 higher gross margin from higher ccg platform revenue was driven by higher average selling prices on notebook and desktop platforms , offset by lower desktop and notebook platform unit sales . 2 lower gross margin from lower ccg platform revenue was driven by lower desktop and notebook platform unit sales , partially offset by higher average selling prices on desktop , notebook , and tablet platforms . data center group segment product overview the dcg operating segment offers platforms designed to provide leading energy-efficient performance for all server , network , and storage applications . in addition , dcg focuses on lowering the total cost of ownership on other specific workload- optimizations for the enterprise , cloud service providers , and communications service provider market segments . in 2016 , we launched the following platforms with an array of functionalities and advancements : 2022 intel ae xeon ae processor e5 v4 family , the foundation for high performing clouds and delivers energy-efficient performance for server , network , and storage workloads . 2022 intel xeon processor e7 v4 family , targeted at platforms requiring four or more cpus ; this processor family delivers high performance and is optimized for real-time analytics and in-memory computing , along with industry-leading reliability , availability , and serviceability . 2022 intel ae xeon phi 2122 product family , formerly code-named knights landing , with up to 72 high-performance intel processor cores , integrated memory and fabric , and a common software programming model with intel xeon processors . the intel xeon phi product family is designed for highly parallel compute and memory bandwidth-intensive workloads . intel xeon phi processors are positioned to increase the performance of supercomputers , enabling trillions of calculations per second , and to address emerging data analytics and artificial intelligence solutions . in 2017 , we expect to release our next generation of intel xeon processors for compute , storage , and network ; a next-generation intel xeon phi processor optimized for deep learning ; and a suite of single-socket products , including next-generation intel xeon e3 processors , next-generation intel atom processors , and next-generation intel xeon-d processors for dense solutions. .
Question: what is the growth rate in ccg operating income 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: |
2797.0 | Context:part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities . our series a common stock , series b common stock and series c common stock are listed and traded on the nasdaq global select market ( 201cnasdaq 201d ) under the symbols 201cdisca , 201d 201cdiscb 201d and 201cdisck , 201d respectively . the following table sets forth , for the periods indicated , the range of high and low sales prices per share of our series a common stock , series b common stock and series c common stock as reported on yahoo! finance ( finance.yahoo.com ) . series a common stock series b common stock series c common stock high low high low high low fourth quarter $ 23.73 $ 16.28 $ 26.80 $ 20.00 $ 22.47 $ 15.27 third quarter $ 27.18 $ 20.80 $ 27.90 $ 22.00 $ 26.21 $ 19.62 second quarter $ 29.40 $ 25.11 $ 29.55 $ 25.45 $ 28.90 $ 24.39 first quarter $ 29.62 $ 26.34 $ 29.65 $ 27.55 $ 28.87 $ 25.76 fourth quarter $ 29.55 $ 25.01 $ 30.50 $ 26.00 $ 28.66 $ 24.20 third quarter $ 26.97 $ 24.27 $ 28.00 $ 25.21 $ 26.31 $ 23.44 second quarter $ 29.31 $ 23.73 $ 29.34 $ 24.15 $ 28.48 $ 22.54 first quarter $ 29.42 $ 24.33 $ 29.34 $ 24.30 $ 28.00 $ 23.81 as of february 21 , 2018 , there were approximately 1308 , 75 and 1414 record holders of our series a common stock , series b common stock and series c common stock , respectively . these amounts do not include the number of shareholders whose shares are held of record by banks , brokerage houses or other institutions , but include each such institution as one shareholder . we have not paid any cash dividends on our series a common stock , series b common stock or series c common stock , and we have no present intention to do so . payment of cash dividends , if any , will be determined by our board of directors after consideration of our earnings , financial condition and other relevant factors such as our credit facility's restrictions on our ability to declare dividends in certain situations . purchases of equity securities the following table presents information about our repurchases of common stock that were made through open market transactions during the three months ended december 31 , 2017 ( in millions , except per share amounts ) . period total number of series c shares purchased average paid per share : series c ( a ) total number of shares purchased as part of publicly announced plans or programs ( b ) ( c ) approximate dollar value of shares that may yet be purchased under the plans or programs ( a ) ( b ) october 1 , 2017 - october 31 , 2017 2014 $ 2014 2014 $ 2014 november 1 , 2017 - november 30 , 2017 2014 $ 2014 2014 $ 2014 december 1 , 2017 - december 31 , 2017 2014 $ 2014 2014 $ 2014 total 2014 2014 $ 2014 ( a ) the amounts do not give effect to any fees , commissions or other costs associated with repurchases of shares . ( b ) under the stock repurchase program , management was authorized to purchase shares of the company's common stock from time to time through open market purchases or privately negotiated transactions at prevailing prices or pursuant to one or more accelerated stock repurchase agreements or other derivative arrangements as permitted by securities laws and other legal requirements , and subject to stock price , business and market conditions and other factors . the company's authorization under the program expired on october 8 , 2017 and we have not repurchased any shares of common stock since then . we historically have funded and in the future may fund stock repurchases through a combination of cash on hand and cash generated by operations and the issuance of debt . in the future , if further authorization is provided , we may also choose to fund stock repurchases through borrowings under our revolving credit facility or future financing transactions . there were no repurchases of our series a and b common stock during 2017 and no repurchases of series c common stock during the three months ended december 31 , 2017 . the company first announced its stock repurchase program on august 3 , 2010 . ( c ) we entered into an agreement with advance/newhouse to repurchase , on a quarterly basis , a number of shares of series c-1 convertible preferred stock convertible into a number of shares of series c common stock . we did not convert any any shares of series c-1 convertible preferred stock during the three months ended december 31 , 2017 . there are no planned repurchases of series c-1 convertible preferred stock for the first quarter of 2018 as there were no repurchases of series a or series c common stock during the three months ended december 31 , 2017 . stock performance graph the following graph sets forth the cumulative total shareholder return on our series a common stock , series b common stock and series c common stock as compared with the cumulative total return of the companies listed in the standard and poor 2019s 500 stock index ( 201cs&p 500 index 201d ) and a peer group of companies comprised of cbs corporation class b common stock , scripps network interactive , inc. , time warner , inc. , twenty-first century fox , inc . class a common stock ( news corporation class a common stock prior to june 2013 ) , viacom , inc . class b common stock and the walt disney company . the graph assumes $ 100 originally invested on december 31 , 2012 in each of our series a common stock , series b common stock and series c common stock , the s&p 500 index , and the stock of our peer group companies , including reinvestment of dividends , for the years ended december 31 , 2013 , 2014 , 2015 , 2016 and 2017 . december 31 , december 31 , december 31 , december 31 , december 31 , december 31 .
||december 312012|december 312013|december 312014|december 312015|december 312016|december 312017|
|disca|$ 100.00|$ 139.42|$ 106.23|$ 82.27|$ 84.53|$ 69.01|
|discb|$ 100.00|$ 144.61|$ 116.45|$ 85.03|$ 91.70|$ 78.01|
|disck|$ 100.00|$ 143.35|$ 115.28|$ 86.22|$ 91.56|$ 72.38|
|s&p 500|$ 100.00|$ 129.60|$ 144.36|$ 143.31|$ 156.98|$ 187.47|
|peer group|$ 100.00|$ 163.16|$ 186.87|$ 180.10|$ 200.65|$ 208.79|
.
Question: as of february 21 , 2018 what were the total number of shareholders of common stock?\\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: |
0.81622 | 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: what was the percentage change in the net amortization 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: |
0.17308 | Context:table of contents cdw corporation and subsidiaries 6 . goodwill and other intangible assets goodwill the changes in goodwill by reportable segment are as follows : ( in millions ) corporate business ( 2 ) public other ( 4 ) consolidated balance at december 31 , 2014 ( 1 ) $ 1045.9 $ 185.9 $ 911.3 $ 74.5 $ 2217.6 .
|( in millions )|corporate|small business ( 2 )|public|other ( 4 )|consolidated|
|balance at december 31 2014 ( 1 )|$ 1045.9|$ 185.9|$ 911.3|$ 74.5|$ 2217.6|
|foreign currency translation|2014|2014|2014|-22.4 ( 22.4 )|-22.4 ( 22.4 )|
|acquisition|2014|2014|2014|305.2|305.2|
|balance at december 31 2015 ( 1 )|1045.9|185.9|911.3|357.3|2500.4|
|foreign currency translation|2014|2014|2014|-45.4 ( 45.4 )|-45.4 ( 45.4 )|
|cdw advanced services allocation ( 3 )|28.2|2014|18.3|-46.5 ( 46.5 )|2014|
|balance at december 31 2016 ( 1 )|1074.1|185.9|929.6|265.4|2455.0|
|foreign currency translation|2014|2014|2014|24.6|24.6|
|balances as of december 31 2017 ( 1 )|$ 1074.1|$ 185.9|$ 929.6|$ 290.0|$ 2479.6|
balances as of december 31 , 2017 ( 1 ) $ 1074.1 $ 185.9 $ 929.6 $ 290.0 $ 2479.6 ( 1 ) goodwill is net of accumulated impairment losses of $ 1571 million , $ 354 million and $ 28 million related to the corporate , public and other segments , respectively . ( 2 ) amounts have been recast to present small business as its own operating and reportable segment . ( 3 ) effective january 1 , 2016 , the cdw advanced services business is included in the company's corporate and public segments . ( 4 ) other is comprised of canada and cdw uk operating segments . with the establishment of small business as its own reporting unit , the company performed a quantitative analysis in order to allocate goodwill between corporate and small business . based on the results of the quantitative analysis performed as of january 1 , 2017 , the company determined that the fair values of corporate and small business reporting units exceeded their carrying values by 227% ( 227 % ) and 308% ( 308 % ) , respectively , and no impairment existed . december 1 , 2017 impairment analysis the company completed its annual impairment analysis as of december 1 , 2017 . for the corporate , small business and uk reporting units , the company performed a qualitative analysis . the company determined that it was more-likely- than-not that the individual fair values of the corporate , small business and uk reporting units exceeded the respective carrying values and therefore a quantitative impairment analysis was deemed unnecessary . although uncertainty regarding the impact of the referendum on the uk 2019s membership of the european union ( 201ceu 201d ) , advising for the exit of the uk from the eu ( referred to as 201cbrexit 201d ) still exists in the current year , the company does not believe there to be any additional risk that would indicate the quantitative analysis performed in the prior year would have a different result . therefore , a qualitative analysis was deemed appropriate for the uk reporting unit . the company performed a quantitative analysis of the public and canada reporting units . based on the results of the quantitative analysis , the company determined that the fair value of the public and canada reporting units exceeded their carrying values by 179% ( 179 % ) and 153% ( 153 % ) , respectively , and no impairment existed . december 1 , 2016 impairment analysis the company completed its annual impairment analysis as of december 1 , 2016 . for the corporate ( which , as of december 1 , 2016 , included small business ) , public and canada reporting units , the company performed a qualitative analysis . the company determined that it was more-likely-than-not that the individual fair values of the corporate , public and canada reporting units exceeded the respective carrying values . as a result of this determination , the quantitative impairment analysis was deemed unnecessary . due to the substantial uncertainty regarding the impact of brexit , the company performed a quantitative analysis of the cdw uk reporting unit . based on the results of the quantitative analysis , the company determined that the fair value of the cdw uk reporting unit exceeded its carrying value and no impairment existed. .
Question: small business segment is what percent of the corporate goodwill balances as of december 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: |
0.16633 | Context:mutual and pooled funds shares of mutual funds are valued at the net asset value ( nav ) quoted on the exchange where the fund is traded and are classified as level 1 assets . units of pooled funds are valued at the per unit nav determined by the fund manager and are classified as level 2 assets . the investments are utilizing nav as a practical expedient for fair value . corporate and government bonds corporate and government bonds are classified as level 2 assets , as they are either valued at quoted market prices from observable pricing sources at the reporting date or valued based upon comparable securities with similar yields and credit ratings . mortgage and asset-backed securities mortgage and asset 2013backed securities are classified as level 2 assets , as they are either valued at quoted market prices from observable pricing sources at the reporting date or valued based upon comparable securities with similar yields , credit ratings , and purpose of the underlying loan . real estate pooled funds real estate pooled funds are classified as level 3 assets , as they are carried at the estimated fair value of the underlying properties . estimated fair value is calculated utilizing a combination of key inputs , such as revenue and expense growth rates , terminal capitalization rates , and discount rates . these key inputs are consistent with practices prevailing within the real estate investment management industry . other pooled funds other pooled funds classified as level 2 assets are valued at the nav of the shares held at year end , which is based on the fair value of the underlying investments . securities and interests classified as level 3 are carried at the estimated fair value of the underlying investments . the underlying investments are valued based on bids from brokers or other third-party vendor sources that utilize expected cash flow streams and other uncorroborated data , including counterparty credit quality , default risk , discount rates , and the overall capital market liquidity . insurance contracts insurance contracts are classified as level 3 assets , as they are carried at contract value , which approximates the estimated fair value . the estimated fair value is based on the fair value of the underlying investment of the insurance company . contributions and projected benefit payments pension contributions to funded plans and benefit payments for unfunded plans for fiscal year 2015 were $ 137.5 . contributions resulted primarily from an assessment of long-term funding requirements of the plans and tax planning . benefit payments to unfunded plans were due primarily to the timing of retirements and cost reduction actions . we anticipate contributing $ 100 to $ 120 to the defined benefit pension plans in 2016 . these contributions are driven primarily by benefit payments for unfunded plans , which are dependent upon timing of retirements and actions to reorganize the business . projected benefit payments , which reflect expected future service , are as follows: .
||u.s .|international|
|2016|$ 129.0|$ 52.0|
|2017|135.8|53.5|
|2018|142.2|55.3|
|2019|149.6|57.5|
|2020|157.4|57.8|
|2021 20132025|917.9|332.3|
these estimated benefit payments are based on assumptions about future events . actual benefit payments may vary significantly from these estimates. .
Question: considering the average for the years 2021-2025 , what is the increase observed in the projected benefit payments for the u.s during 2020 and 2021? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
3.33333 | Context:incremental contract start-up costs 2014large municipal contract . during 2018 and 2017 , we incurred costs of $ 5.7 million and $ 8.2 million , respectively , related to the implementation of a large municipal contract . these costs did not meet the capitalization criteria prescribed by the new revenue recognition standard . adoption of the tax act . the tax act was enacted on december 22 , 2017 . among other things , the tax act reduced the u.s . federal corporate tax rate from 35% ( 35 % ) to 21% ( 21 % ) . for the year ended december 31 , 2017 , we recorded provisional amounts based on our estimates of the tax act 2019s effect to our deferred taxes , uncertain tax positions , and one-time transition tax . these adjustments reduced our tax provision by $ 463.9 million . during 2018 , we adjusted the provisional amounts recorded as of december 31 , 2017 for the one-time transition tax , deferred taxes and uncertain tax positions . these adjustments increased our tax provision by $ 0.3 million . bridgeton insurance recovery , net . during 2018 , we collected an insurance recovery of $ 40.0 million related to our closed bridgeton landfill in missouri , which we recognized as a reduction of remediation expenses in our cost of operations . in addition , we incurred $ 12.0 million of incremental costs attributable to the bridgeton insurance recovery . recent developments 2019 financial guidance in 2019 , we will continue to focus on managing the controllable aspects of our business by enhancing the quality of our revenue , investing in profitable growth opportunities and reducing costs . our team remains focused on executing our strategy to deliver consistent earnings and free cash flow growth , and improve return on invested capital . we are committed to an efficient capital structure , maintaining our investment grade credit ratings and increasing cash returned to our shareholders . our guidance is based on current economic conditions and does not assume any significant changes in the overall economy in 2019 . specific guidance follows : revenue we expect 2019 revenue to increase by approximately 4.25 to 4.75% ( 4.75 % ) comprised of the following : increase ( decrease ) .
||increase ( decrease )|
|average yield|2.75% ( 2.75 % )|
|volume|0.0 to 0.25|
|energy services|2013|
|fuel recovery fees|0.25|
|recycling processing and commodity sales|0.25 to 0.5|
|acquisitions / divestitures net|1.0|
|total change|4.25 to 4.75% ( 4.75 % )|
changes in price are restricted on approximately 50% ( 50 % ) of our annual service revenue . the majority of these restricted pricing arrangements are tied to fluctuations in a specific index ( primarily a consumer price index ) as defined in the contract . the consumer price index varies from a single historical stated period of time or an average of trailing historical rates over a stated period of time . in addition , the initial effect of pricing resets typically lags 6 to 12 months from the end of the index measurement period to the date the revised pricing goes into effect . as a result , current changes in a specific index may not manifest themselves in our reported pricing for several quarters into the future. .
Question: what is the ratio of the insurance recovery to the incremental cost related to our closed bridgeton landfill | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
3633.0 | Context:period . the discount reflects our incremental borrowing rate , which matches the lifetime of the liability . significant changes in the discount rate selected or the estimations of sublease income in the case of leases could impact the amounts recorded . other associated costs with restructuring activities we recognize other costs associated with restructuring activities as they are incurred , including moving costs and consulting and legal fees . 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 . 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 . and canadian plans . 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 expected future service of active employees for our plans in the netherlands and canada , or the average life expectancy of the u.s . and u.k . plan members . after the effective date of the plan amendments to cease crediting future benefits relating to service , unrecognized gains and losses are also be based on the average life expectancy of members in the canadian plans . 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 , 2013 , 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 combined experience loss , the number of years over which we are amortizing the experience loss , and the estimated 2014 amortization of loss by country ( amounts in millions ) : .
||u.k .|u.s .|other|
|combined experience loss|$ 2012|$ 1219|$ 402|
|amortization period ( in years )|29|26|11 - 23|
|estimated 2014 amortization of loss|$ 53|$ 44|$ 10|
the unrecognized prior service cost at december 31 , 2013 was $ 27 million in the u.k . and other plans . 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 recognizes 20% ( 20 % ) of any gains or losses in the current year's value of market-related assets , with the remaining 80% ( 80 % ) spread over the next four years . as this approach recognizes gains or losses over a five-year period , the future value of assets and therefore , our net periodic benefit cost will be impacted as previously deferred gains or losses are recorded . as of december 31 , 2013 , the market-related value of assets was $ 1.8 billion . we do not use the market-related valuation approach to determine the funded status of the u.s . plans recorded in the consolidated statements of financial position . instead , we record and present the funded status in the consolidated statements of financial position based on the fair value of the plan assets . as of december 31 , 2013 , the fair value of plan assets was $ 1.9 billion . our non-u.s . plans use fair value to determine expected return on assets. .
Question: in 2014 what was the combined total experience loss | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.71526 | Context:icos corporation on january 29 , 2007 , we acquired all of the outstanding common stock of icos corporation ( icos ) , our partner in the lilly icos llc joint venture for the manufacture and sale of cialis for the treatment of erectile dysfunction . the acquisition brought the full value of cialis to us and enabled us to realize operational effi ciencies in the further development , marketing , and selling of this product . the aggregate cash purchase price of approximately $ 2.3 bil- lion was fi nanced through borrowings . the acquisition has been accounted for as a business combination under the purchase method of accounting , resulting in goodwill of $ 646.7 million . no portion of this goodwill was deductible for tax purposes . we determined the following estimated fair values for the assets acquired and liabilities assumed as of the date of acquisition . estimated fair value at january 29 , 2007 .
|cash and short-term investments|$ 197.7|
|developed product technology ( cialis ) 1|1659.9|
|tax benefit of net operating losses|404.1|
|goodwill|646.7|
|long-term debt assumed|-275.6 ( 275.6 )|
|deferred taxes|-583.5 ( 583.5 )|
|other assets and liabilities 2014 net|-32.1 ( 32.1 )|
|acquired in-process research and development|303.5|
|total purchase price|$ 2320.7|
1this intangible asset will be amortized over the remaining expected patent lives of cialis in each country ; patent expiry dates range from 2015 to 2017 . new indications for and formulations of the cialis compound in clinical testing at the time of the acquisition represented approximately 48 percent of the estimated fair value of the acquired ipr&d . the remaining value of acquired ipr&d represented several other products in development , with no one asset comprising a signifi cant por- tion of this value . the discount rate we used in valuing the acquired ipr&d projects was 20 percent , and the charge for acquired ipr&d of $ 303.5 million recorded in the fi rst quarter of 2007 was not deductible for tax purposes . other acquisitions during the second quarter of 2007 , we acquired all of the outstanding stock of both hypnion , inc . ( hypnion ) , a privately held neuroscience drug discovery company focused on sleep disorders , and ivy animal health , inc . ( ivy ) , a privately held applied research and pharmaceutical product development company focused on the animal health industry , for $ 445.0 million in cash . the acquisition of hypnion provided us with a broader and more substantive presence in the area of sleep disorder research and ownership of hy10275 , a novel phase ii compound with a dual mechanism of action aimed at promoting better sleep onset and sleep maintenance . this was hypnion 2019s only signifi cant asset . for this acquisi- tion , we recorded an acquired ipr&d charge of $ 291.1 million , which was not deductible for tax purposes . because hypnion was a development-stage company , the transaction was accounted for as an acquisition of assets rather than as a business combination and , therefore , goodwill was not recorded . the acquisition of ivy provides us with products that complement those of our animal health business . this acquisition has been accounted for as a business combination under the purchase method of accounting . we allocated $ 88.7 million of the purchase price to other identifi able intangible assets , primarily related to marketed products , $ 37.0 million to acquired ipr&d , and $ 25.0 million to goodwill . the other identifi able intangible assets are being amortized over their estimated remaining useful lives of 10 to 20 years . the $ 37.0 million allocated to acquired ipr&d was charged to expense in the second quarter of 2007 . goodwill resulting from this acquisition was fully allocated to the animal health business segment . the amount allocated to each of the intangible assets acquired , including goodwill of $ 25.0 million and the acquired ipr&d of $ 37.0 million , was deductible for tax purposes . product acquisitions in june 2008 , we entered into a licensing and development agreement with transpharma medical ltd . ( trans- pharma ) to acquire rights to its product and related drug delivery system for the treatment of osteoporosis . the product , which is administered transdermally using transpharma 2019s proprietary technology , was in phase ii clinical testing , and had no alternative future use . under the arrangement , we also gained non-exclusive access to trans- pharma 2019s viaderm drug delivery system for the product . as with many development-phase products , launch of the .
Question: what percentage of the total purchase price was comprised of developed product technology ( cialis ) ? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-117.0 | Context:7 . derivative instruments effective january 1 , 2001 , aes adopted sfas no . 133 , 2018 2018accounting for derivative instruments and hedging activities , 2019 2019 which , as amended , establishes accounting and reporting standards for derivative instruments and hedging activities . the adoption of sfas no . 133 on january 1 , 2001 , resulted in a cumulative reduction to income of less than $ 1 million , net of deferred income tax effects , and a cumulative reduction of accumulated other comprehensive income in stockholders 2019 equity of $ 93 million , net of deferred income tax effects . for the year ended december 31 , 2001 , the impact of changes in derivative fair value primarily related to derivatives that do not qualify for hedge accounting treatment was a charge of $ 36 million , after income taxes . this amount includes a charge of $ 6 million , after income taxes , related to the ineffective portion of derivatives qualifying as cash flow and fair value hedges for the year ended december 31 , 2001 . there was no net effect on results of operations for the year ended december 31 , 2001 , of derivative and non-derivative instruments that have been designated and qualified as hedging net investments in foreign operations . approximately $ 35 million of other comprehensive loss related to derivative instruments as of december 31 , 2001 is expected to be recognized as a reduction to earnings over the next twelve months . a portion of this amount is expected to be offset by the effects of hedge accounting . the balance in accumulated other comprehensive loss related to derivative transactions will be reclassified into earnings as interest expense is recognized for hedges of interest rate risk , as foreign currency transaction and translation gains and losses are recognized for hedges of foreign currency exposure and as electric and gas sales and purchases are recognized for hedges of forecasted electric and gas transactions . amounts recorded in accumulated other comprehensive income , net of tax , during the year-ended december 31 , 2001 , were as follows ( in millions ) : .
|transition adjustment on january 1 2001|$ -93 ( 93 )|
|reclassification to earnings|-32 ( 32 )|
|change in fair value|4|
|balance december 31 2001|$ -121 ( 121 )|
aes utilizes derivative financial instruments to hedge interest rate risk , foreign exchange risk and commodity price risk . the company utilizes interest rate swap , cap and floor agreements to hedge interest rate risk on floating rate debt . the majority of aes 2019s interest rate derivatives are designated and qualify as cash flow hedges . currency forward and swap agreements are utilized to hedge foreign exchange risk which is a result of aes or one of its subsidiaries entering into monetary obligations in currencies other than its own functional currency . the majority of aes 2019s foreign currency derivatives are designated and qualify as either fair value hedges or cash flow hedges . certain derivative instruments and other non-derivative instruments are designated and qualify as hedges of the foreign currency exposure of a net investment in a foreign operation . the company utilizes electric and gas derivative instruments , including swaps , options , forwards and futures , to hedge the risk related to electricity and gas sales and purchases . the majority of aes 2019s electric and gas derivatives are designated and qualify as cash flow hedges . the maximum length of time over which aes is hedging its exposure to variability in future cash flows for forecasted transactions , excluding forecasted transactions related to the payment of variable interest , is three years . for the year ended december 31 , 2001 , a charge of $ 4 million , after income taxes , was recorded for two cash flow hedges that were discontinued because it is probable that the hedged forecasted transaction will not occur . a portion of this charge has been classified as discontinued operations . for the year ended december 31 , 2001 , no fair value hedges were de-recognized or discontinued. .
Question: without the adjustment for the change in fair value , what would the aoci balance have been in millions at december 31 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: |
44.0 | Context:estimates of synthetic crude oil reserves are prepared by glj petroleum consultants of calgary , canada , third-party consultants . their reports for all years are filed as exhibits to this annual report on form 10-k . the team lead responsible for the estimates of our osm reserves has 34 years of experience in petroleum engineering and has conducted surface mineable oil sands evaluations since 1986 . he is a member of spe , having served as regional director from 1998 through 2001 . the second team member has 13 years of experience in petroleum engineering and has conducted surface mineable oil sands evaluations since 2009 . both are registered practicing professional engineers in the province of alberta . audits of estimates third-party consultants are engaged to provide independent estimates for fields that comprise 80 percent of our total proved reserves over a rolling four-year period for the purpose of auditing the in-house reserve estimates . we met this goal for the four- year period ended december 31 , 2012 . we established a tolerance level of 10 percent such that initial estimates by the third-party consultants are accepted if they are within 10 percent of our internal estimates . should the third-party consultants 2019 initial analysis fail to reach our tolerance level , both our team and the consultants re-examine the information provided , request additional data and refine their analysis if appropriate . this resolution process is continued until both estimates are within 10 percent . in the very limited instances where differences outside the 10 percent tolerance cannot be resolved by year end , a plan to resolve the difference is developed and our senior management is informed . this process did not result in significant changes to our reserve estimates in 2012 or 2011 . there were no third-party audits performed in 2010 . during 2012 , netherland , sewell & associates , inc . ( "nsai" ) prepared a certification of december 31 , 2011 reserves for the alba field in e.g . the nsai summary report is filed as an exhibit to this annual report on form 10-k . members of the nsai team have many years of industry experience , having worked for large , international oil and gas companies before joining nsai . the senior technical advisor has a bachelor of science degree in geophysics and over 15 years of experience in the estimation of and evaluation of reserves . the second member has a bachelor of science degree in chemical engineering and master of business administration along with over 3 years of experience in estimation and evaluation of reserves . both are licensed in the state of texas . ryder scott company ( "ryder scott" ) performed audits of several of our fields in 2012 and 2011 . their summary reports on audits performed in 2012 and 2011 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 has a bachelor of science degree in mechanical engineering , 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 , 2012 , 571 mmboe of proved undeveloped reserves were reported , an increase of 176 mmboe from december 31 , 2011 . the following table shows changes in total proved undeveloped reserves for 2012 : ( mmboe ) .
|beginning of year|395|
|revisions of previous estimates|-13 ( 13 )|
|improved recovery|2|
|purchases of reserves in place|56|
|extensions discoveries and other additions|201|
|transfer to proved developed|-70 ( 70 )|
|end of year|571|
significant additions to proved undeveloped reserves during 2012 include 56 mmboe due to acquisitions in the eagle ford shale . development drilling added 124 mmboe in the eagle ford , 35 mmboe in the bakken and 15 mmboe in the oklahoma resource basins shale play . a gas sharing agreement signed with the libyan government in 2012 added 19 mmboe . additionally , 30 mmboe were transferred from proved undeveloped to proved developed reserves in the eagle ford and 14 mmboe in the bakken shale plays due to producing wells . costs incurred in 2012 , 2011 and 2010 relating to the development of proved undeveloped reserves , were $ 1995 million $ 1107 million and $ 1463 million . a total of 27 mmboe was booked as a result of reliable technology . technologies included statistical analysis of production performance , decline curve analysis , 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 reserves. .
Question: in mmboe what was the total of reserves transferred from proved undeveloped to proved developed reserves in the eagle ford and in the bakken shale plays? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.39293 | Context:table of contents rent expense under all operating leases , including both cancelable and noncancelable leases , was $ 645 million , $ 488 million and $ 338 million in 2013 , 2012 and 2011 , respectively . future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 28 , 2013 , are as follows ( in millions ) : other commitments as of september 28 , 2013 , the company had outstanding off-balance sheet third-party manufacturing commitments and component purchase commitments of $ 18.6 billion . in addition to the off-balance sheet commitments mentioned above , the company had outstanding obligations of $ 1.3 billion as of september 28 , 2013 , which consisted mainly of commitments to acquire capital assets , including product tooling and manufacturing process equipment , and commitments related to advertising , research and development , internet and telecommunications services and other obligations . contingencies the company is subject to various legal proceedings and claims that have arisen in the ordinary course of business and that have not been fully adjudicated . in the opinion of management , there was not at least a reasonable possibility the company may have incurred a material loss , or a material loss in excess of a recorded accrual , with respect to loss contingencies . however , the outcome of litigation is inherently uncertain . therefore , although management considers the likelihood of such an outcome to be remote , if one or more of these legal matters were resolved against the company in a reporting period for amounts in excess of management 2019s expectations , the company 2019s consolidated financial statements for that reporting period could be materially adversely affected . apple inc . v . samsung electronics co. , ltd , et al . on august 24 , 2012 , a jury returned a verdict awarding the company $ 1.05 billion in its lawsuit against samsung electronics co. , ltd and affiliated parties in the united states district court , northern district of california , san jose division . on march 1 , 2013 , the district court upheld $ 599 million of the jury 2019s award and ordered a new trial as to the remainder . because the award is subject to entry of final judgment , partial re-trial and appeal , the company has not recognized the award in its results of operations . virnetx , inc . v . apple inc . et al . on august 11 , 2010 , virnetx , inc . filed an action against the company alleging that certain of its products infringed on four patents relating to network communications technology . on november 6 , 2012 , a jury returned a verdict against the company , and awarded damages of $ 368 million . the company is challenging the verdict , believes it has valid defenses and has not recorded a loss accrual at this time. .
|2014|$ 610|
|2015|613|
|2016|587|
|2017|551|
|2018|505|
|thereafter|1855|
|total minimum lease payments|$ 4721|
.
Question: of the total minimum lease payments , what percentage were due after 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: |
0.85575 | Context:celanese purchases of its equity securities information regarding repurchases of our common stock during the three months ended december 31 , 2014 is as follows : period number of shares purchased ( 1 ) average price paid per share total number of shares purchased as part of publicly announced program approximate dollar value of shares remaining that may be purchased under the program ( 2 ) .
|period|totalnumberof sharespurchased ( 1 )|averageprice paidper share|total numberof sharespurchased aspart of publiclyannounced program|approximatedollarvalue of sharesremaining thatmay bepurchased underthe program ( 2 )|
|october 1 - 31 2014|192580|$ 58.02|164800|$ 490000000|
|november 1 - 30 2014|468128|$ 59.25|468128|$ 463000000|
|december 1 - 31 2014|199796|$ 60.78|190259|$ 451000000|
|total|860504||823187||
___________________________ ( 1 ) includes 27780 and 9537 for october and december 2014 , respectively , related to shares withheld from employees to cover their statutory minimum withholding requirements for personal income taxes related to the vesting of restricted stock units . ( 2 ) our board of directors has authorized the aggregate repurchase of $ 1.4 billion of our common stock since february 2008 . see note 17 - stockholders' equity in the accompanying consolidated financial statements for further information . performance graph the following performance graph and related information shall not be deemed "soliciting material" or to be "filed" with the securities and exchange commission , 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 we specifically incorporate it by reference into such filing . comparison of cumulative total return .
Question: in 2014 for the period october 1 - 31 2014 what was the ratio of the shares purchased as part of publicly announced program to the total number of shares 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: |
-2106.0 | Context:in addition , the company has reclassified the following amounts from 201cdistributions from other invested assets 201d included in cash flows from investing activities to 201cdistribution of limited partnership income 201d included in cash flows from operations for interim reporting periods of 2013 : $ 33686 thousand for the three months ended march 31 , 2013 ; $ 9409 thousand and $ 43095 thousand for the three months and six months ended june 30 , 2013 , respectively ; and $ 5638 thousand and $ 48733 thousand for the three months and nine months ended september 30 , 2013 , respectively . b . investments . fixed maturity and equity security investments available for sale , at market value , reflect unrealized appreciation and depreciation , as a result of temporary changes in market value during the period , in shareholders 2019 equity , net of income taxes in 201caccumulated other comprehensive income ( loss ) 201d in the consolidated balance sheets . fixed maturity and equity securities carried at fair value reflect fair value re- measurements as net realized capital gains and losses in the consolidated statements of operations and comprehensive income ( loss ) . the company records changes in fair value for its fixed maturities available for sale , at market value through shareholders 2019 equity , net of taxes in accumulated other comprehensive income ( loss ) since cash flows from these investments will be primarily used to settle its reserve for losses and loss adjustment expense liabilities . the company anticipates holding these investments for an extended period as the cash flow from interest and maturities will fund the projected payout of these liabilities . fixed maturities carried at fair value represent a portfolio of convertible bond securities , which have characteristics similar to equity securities and at times , designated foreign denominated fixed maturity securities , which will be used to settle loss and loss adjustment reserves in the same currency . the company carries all of its equity securities at fair value except for mutual fund investments whose underlying investments are comprised of fixed maturity securities . for equity securities , available for sale , at fair value , the company reflects changes in value as net realized capital gains and losses since these securities may be sold in the near term depending on financial market conditions . interest income on all fixed maturities and dividend income on all equity securities are included as part of net investment income in the consolidated statements of operations and comprehensive income ( loss ) . unrealized losses on fixed maturities , which are deemed other-than-temporary and related to the credit quality of a security , are charged to net income ( loss ) as net realized capital losses . short-term investments are stated at cost , which approximates market value . realized gains or losses on sales of investments are determined on the basis of identified cost . for non- publicly traded securities , market prices are determined through the use of pricing models that evaluate securities relative to the u.s . treasury yield curve , taking into account the issue type , credit quality , and cash flow characteristics of each security . for publicly traded securities , market value is based on quoted market prices or valuation models that use observable market inputs . when a sector of the financial markets is inactive or illiquid , the company may use its own assumptions about future cash flows and risk-adjusted discount rates to determine fair value . retrospective adjustments are employed to recalculate the values of asset-backed securities . each acquisition lot is reviewed to recalculate the effective yield . the recalculated effective yield is used to derive a book value as if the new yield were applied at the time of acquisition . outstanding principal factors from the time of acquisition to the adjustment date are used to calculate the prepayment history for all applicable securities . conditional prepayment rates , computed with life to date factor histories and weighted average maturities , are used to effect the calculation of projected and prepayments for pass-through security types . other invested assets include limited partnerships , rabbi trusts and an affiliated entity . limited partnerships and the affiliated entity are accounted for under the equity method of accounting , which can be recorded on a monthly or quarterly lag . c . uncollectible receivable balances . the company provides reserves for uncollectible reinsurance recoverable and premium receivable balances based on management 2019s assessment of the collectability of the outstanding balances . such reserves are presented in the table below for the periods indicated. .
|( dollars in thousands )|years ended december 31 , 2013|years ended december 31 , 2012|
|reinsurance receivables and premium receivables|$ 29905|$ 32011|
.
Question: what is the net change in the balance of reinsurance receivables and premium receivables in 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: |
125000.0 | Context:notes to consolidated financial statements 2014 ( continued ) the following table summarizes the changes in non-vested restricted stock awards for the year ended may 31 , 2009 ( share awards in thousands ) : share awards weighted average grant-date fair value .
||share awards|weighted average grant-date fair value|
|non-vested at may 31 2007|278|$ 37|
|granted|400|38|
|vested|-136 ( 136 )|30|
|forfeited|-24 ( 24 )|40|
|non-vested at may 31 2008|518|39|
|granted|430|43|
|vested|-159 ( 159 )|39|
|forfeited|-27 ( 27 )|41|
|non-vested at may 31 2009|762|42|
the weighted average grant-date fair value of share awards granted in the years ended may 31 , 2008 and 2007 was $ 38 and $ 45 , respectively . the total fair value of share awards vested during the years ended may 31 , 2009 , 2008 and 2007 was $ 6.2 million , $ 4.1 million and $ 1.7 million , respectively . we recognized compensation expense for restricted stock of $ 9.0 million , $ 5.7 million , and $ 2.7 million in the years ended may 31 , 2009 , 2008 and 2007 . as of may 31 , 2009 , there was $ 23.5 million of total unrecognized compensation cost related to unvested restricted stock awards that is expected to be recognized over a weighted average period of 2.9 years . employee stock purchase plan we have an employee stock purchase plan under which the sale of 2.4 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 stock . the price for shares purchased under the plan is 85% ( 85 % ) of the market value on the last day of the quarterly purchase period . as of may 31 , 2009 , 0.8 million shares had been issued under this plan , with 1.6 million shares reserved for future issuance . the weighted average grant-date fair value of each designated share purchased under this plan was $ 6 , $ 6 and $ 8 in the years ended may 31 , 2009 , 2008 and 2007 , respectively . these values represent the fair value of the 15% ( 15 % ) discount . note 12 2014segment information general information during fiscal 2009 , we began assessing our operating performance using a new segment structure . we made this change as a result of our june 30 , 2008 acquisition of 51% ( 51 % ) of hsbc merchant services llp in the united kingdom , in addition to anticipated future international expansion . beginning with the quarter ended august 31 , 2008 , the reportable segments are defined as north america merchant services , international merchant services , and money transfer . the following tables reflect these changes and such reportable segments for fiscal years 2009 , 2008 , and 2007. .
Question: what is an employees total annual compensation? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.27468 | Context:as of december 31 , 2006 , we also leased an office and laboratory facility in connecticut , additional office , distribution and storage facilities in san diego , and four foreign facilities located in japan , singapore , china and the netherlands under non-cancelable operating leases that expire at various times through july 2011 . these leases contain renewal options ranging from one to five years . as of december 31 , 2006 , our contractual obligations were ( in thousands ) : contractual obligation total less than 1 year 1 2013 3 years 1 2013 5 years more than 5 years .
|contractual obligation|payments due by period total|payments due by period less than 1 year|payments due by period 1 2013 3 years|payments due by period 1 2013 5 years|payments due by period more than 5 years|
|operating leases|$ 37899|$ 5320|$ 10410|$ 9371|$ 12798|
|total|$ 37899|$ 5320|$ 10410|$ 9371|$ 12798|
the above table does not include orders for goods and services entered into in the normal course of business that are not enforceable or legally binding . item 7a . quantitative and qualitative disclosures about market risk . interest rate sensitivity our exposure to market risk for changes in interest rates relates primarily to our investment portfolio . the fair market value of fixed rate securities may be adversely impacted by fluctuations in interest rates while income earned on floating rate securities may decline as a result of decreases in interest rates . under our current policies , we do not use interest rate derivative instruments to manage exposure to interest rate changes . we attempt to ensure the safety and preservation of our invested principal funds by limiting default risk , market risk and reinvestment risk . we mitigate default risk by investing in investment grade securities . we have historically maintained a relatively short average maturity for our investment portfolio , and we believe a hypothetical 100 basis point adverse move in interest rates along the entire interest rate yield curve would not materially affect the fair value of our interest sensitive financial instruments . foreign currency exchange risk although most of our revenue is realized in u.s . dollars , some portions of our revenue are realized in foreign currencies . as a result , our financial results could be affected by factors such as changes in foreign currency exchange rates or weak economic conditions in foreign markets . the functional currencies of our subsidiaries are their respective local currencies . accordingly , the accounts of these operations are translated from the local currency to the u.s . dollar using the current exchange rate in effect at the balance sheet date for the balance sheet accounts , and using the average exchange rate during the period for revenue and expense accounts . the effects of translation are recorded in accumulated other comprehensive income as a separate component of stockholders 2019 equity. .
Question: what is the percent of the operating leases that are due in 1 2013 3 years to the total leases . | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.15666 | Context:entergy corporation and subsidiaries notes to financial statements as of december 31 , 2008 , system energy had future minimum lease payments ( reflecting an implicit rate of 5.13% ( 5.13 % ) ) , which are recorded as long-term debt as follows : amount ( in thousands ) .
||amount ( in thousands )|
|2009|$ 47760|
|2010|48569|
|2011|49437|
|2012|49959|
|2013|50546|
|years thereafter|103890|
|total|350161|
|less : amount representing interest|54857|
|present value of net minimum lease payments|$ 295304|
.
Question: what portion of the total minimum lease payments is related to interest? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.03576 | Context:entergy gulf states , inc . management's financial discussion and analysis .
||( in millions )|
|2003 net revenue|$ 1110.1|
|volume/weather|26.7|
|net wholesale revenue|13.0|
|summer capacity charges|5.5|
|price applied to unbilled sales|4.8|
|fuel recovery revenues|-14.2 ( 14.2 )|
|other|3.9|
|2004 net revenue|$ 1149.8|
the volume/weather variance resulted primarily from an increase of 1179 gwh in electricity usage in the industrial sector . billed usage also increased a total of 291 gwh in the residential , commercial , and governmental sectors . the increase in net wholesale revenue is primarily due to an increase in sales volume to municipal and co-op customers . summer capacity charges variance is due to the amortization in 2003 of deferred capacity charges for the summer of 2001 compared to the absence of the amortization in 2004 . the amortization of these capacity charges began in june 2002 and ended in may 2003 . the price applied to unbilled sales variance resulted primarily from an increase in the fuel price applied to unbilled sales . fuel recovery revenues represent an under-recovery of fuel charges that are recovered in base rates . entergy gulf states recorded $ 22.6 million of provisions in 2004 for potential rate refunds . these provisions are not included in the net revenue table above because they are more than offset by provisions recorded in 2003 . gross operating revenues , fuel and purchased power expenses , and other regulatory credits gross operating revenues increased primarily due to an increase of $ 187.8 million in fuel cost recovery revenues as a result of higher fuel rates in both the louisiana and texas jurisdictions . the increases in volume/weather and wholesale revenue , discussed above , also contributed to the increase . fuel and purchased power expenses increased primarily due to : 2022 increased recovery of deferred fuel costs due to higher fuel rates ; 2022 increases in the market prices of natural gas , coal , and purchased power ; and 2022 an increase in electricity usage , discussed above . other regulatory credits increased primarily due to the amortization in 2003 of deferred capacity charges for the summer of 2001 compared to the absence of amortization in 2004 . the amortization of these charges began in june 2002 and ended in may 2003 . 2003 compared to 2002 net revenue , which is entergy gulf states' measure of gross margin , consists of operating revenues net of : 1 ) fuel , fuel-related , and purchased power expenses and 2 ) other regulatory credits . following is an analysis of the change in net revenue comparing 2003 to 2002. .
Question: what is the growth rate in net revenue in 2004 for entergy gulf states , inc? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
2844.0 | Context:acquire operations and facilities from municipalities and other local governments , as they increasingly seek to raise capital and reduce risk . we realize synergies from consolidating businesses into our existing operations , whether through acquisitions or public-private partnerships , which allow us to reduce capital and expense requirements associated with truck routing , personnel , fleet maintenance , inventories and back-office administration . operating model the goal of our operating model pillar is to deliver a consistent , high quality service to all of our customers through the republic way : one way . everywhere . every day . this approach of developing standardized processes with rigorous controls and tracking allows us to leverage our scale and deliver durable operational excellence . the republic way is the key to harnessing the best of what we do as operators and translating that across all facets of our business . a key enabler of the republic way is our organizational structure that fosters a high performance culture by maintaining 360 degree accountability and full profit and loss responsibility with local management , supported by a functional structure to provide subject matter expertise . this structure allows us to take advantage of our scale by coordinating functionally across all of our markets , while empowering local management to respond to unique market dynamics . we have rolled out several productivity and cost control initiatives designed to deliver the best service possible to our customers in the most efficient and environmentally sound way . fleet automation approximately 74% ( 74 % ) of our residential routes have been converted to automated single driver trucks . by converting our residential routes to automated service , we reduce labor costs , improve driver productivity , decrease emissions and create a safer work environment for our employees . additionally , communities using automated vehicles have higher participation rates in recycling programs , thereby complementing our initiative to expand our recycling capabilities . fleet conversion to compressed natural gas ( cng ) approximately 18% ( 18 % ) of our fleet operates on natural gas . we expect to continue our gradual fleet conversion to cng , our preferred alternative fuel technology , as part of our ordinary annual fleet replacement process . we believe a gradual fleet conversion is most prudent to realize the full value of our previous fleet investments . approximately 36% ( 36 % ) of our replacement vehicle purchases during 2016 were cng vehicles . we believe using cng vehicles provides us a competitive advantage in communities with strict clean emission initiatives that focus on protecting the environment . although upfront capital costs are higher , using cng reduces our overall fleet operating costs through lower fuel expenses . as of december 31 , 2016 , we operated 38 cng fueling stations . standardized maintenance based on an industry trade publication , we operate the eighth largest vocational fleet in the united states . as of december 31 , 2016 , our average fleet age in years , by line of business , was as follows : approximate number of vehicles approximate average age .
||approximate number of vehicles|approximate average age|
|residential|7300|7|
|small-container commercial|4400|7|
|large-container industrial|4100|9|
|total|15800|7.5|
.
Question: what is the approximate number of vehicles that have been converted to compressed natural gas ( cng ) | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.05405 | Context:management 2019s discussion and analysis jpmorgan chase & co./2009 annual report 130 the following histogram illustrates the daily market risk 2013related gains and losses for ib and consumer/cio positions for 2009 . the chart shows that the firm posted market risk 2013related gains on 227 out of 261 days in this period , with 69 days exceeding $ 160 million . the inset graph looks at those days on which the firm experienced losses and depicts the amount by which the 95% ( 95 % ) confidence level var exceeded the actual loss on each of those days . losses were sustained on 34 days during 2009 and exceeded the var measure on one day due to high market volatility in the first quarter of 2009 . under the 95% ( 95 % ) confidence interval , the firm would expect to incur daily losses greater than that pre- dicted by var estimates about twelve times a year . the following table provides information about the gross sensitivity of dva to a one-basis-point increase in jpmorgan chase 2019s credit spreads . this sensitivity represents the impact from a one-basis-point parallel shift in jpmorgan chase 2019s entire credit curve . as credit curves do not typically move in a parallel fashion , the sensitivity multiplied by the change in spreads at a single maturity point may not be representative of the actual revenue recognized . debit valuation adjustment sensitivity 1 basis point increase in ( in millions ) jpmorgan chase credit spread .
|( in millions )|1 basis point increase in jpmorgan chase credit spread|
|december 31 2009|$ 39|
|december 31 2008|$ 37|
loss advisories and drawdowns loss advisories and drawdowns are tools used to highlight to senior management trading losses above certain levels and initiate discus- sion of remedies . economic value stress testing while var reflects the risk of loss due to adverse changes in normal markets , stress testing captures the firm 2019s exposure to unlikely but plausible events in abnormal markets . the firm conducts economic- value stress tests using multiple scenarios that assume credit spreads widen significantly , equity prices decline and significant changes in interest rates across the major currencies . other scenar- ios focus on the risks predominant in individual business segments and include scenarios that focus on the potential for adverse movements in complex portfolios . scenarios were updated more frequently in 2009 and , in some cases , redefined to reflect the signifi- cant market volatility which began in late 2008 . along with var , stress testing is important in measuring and controlling risk . stress testing enhances the understanding of the firm 2019s risk profile and loss potential , and stress losses are monitored against limits . stress testing is also utilized in one-off approvals and cross-business risk measurement , as well as an input to economic capital allocation . stress-test results , trends and explanations based on current market risk positions are reported to the firm 2019s senior management and to the lines of business to help them better measure and manage risks and to understand event risk 2013sensitive positions. .
Question: what was the percent of the basis point increase in jpmorgan chase credit spread from 2008 \\n 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: |
0.05823 | Context:incentive compensation expense ( $ 8.2 million ) and related fringe benefit costs ( $ 1.4 million ) , and higher warehousing costs due to customer requirements ( $ 2.0 million ) . corporate overhead for the year ended december 31 , 2006 , increased $ 3.1 million , or 6.5% ( 6.5 % ) , from the year ended december 31 , 2005 . the increase was primarily attributable to higher incentive compensation expense ( $ 2.6 million ) and other increased costs which were not individually significant . other expense , net , decreased $ 2.1 million , or 20.1% ( 20.1 % ) for the year ended december 31 , 2006 compared to the year ended december 31 , 2005 . the decrease was primarily due to a $ 3.1 million decrease in expenses related to the disposals of property , plant and equipment as part of planned disposals in connection with capital projects . partially offsetting the decrease in fixed asset disposal expense was higher legal expenses ( $ 0.5 million ) and increased losses on disposals of storeroom items ( $ 0.4 million ) . interest expense , net and income taxes interest expense , net of interest income , increased by $ 3.1 million , or 11.1% ( 11.1 % ) , for the year ended december 31 , 2006 compared to the full year 2005 , primarily as a result of higher interest expense on our variable rate debt due to higher interest rates . pca 2019s effective tax rate was 35.8% ( 35.8 % ) for the year ended december 31 , 2006 and 40.2% ( 40.2 % ) for the year ended december 31 , 2005 . the lower tax rate in 2006 is primarily due to a larger domestic manufacturer 2019s deduction and a reduction in the texas state tax rate . for both years 2006 and 2005 , tax rates were higher than the federal statutory rate of 35.0% ( 35.0 % ) due to state income taxes . year ended december 31 , 2005 compared to year ended december 31 , 2004 the historical results of operations of pca for the years ended december 31 , 2005 and 2004 are set forth below : for the year ended december 31 , ( in millions ) 2005 2004 change .
|( in millions )|for the year ended december 31 , 2005|for the year ended december 31 , 2004|change|
|net sales|$ 1993.7|$ 1890.1|$ 103.6|
|income from operations|$ 116.1|$ 140.5|$ -24.4 ( 24.4 )|
|interest expense net|-28.1 ( 28.1 )|-29.6 ( 29.6 )|1.5|
|income before taxes|88.0|110.9|-22.9 ( 22.9 )|
|provision for income taxes|-35.4 ( 35.4 )|-42.2 ( 42.2 )|6.8|
|net income|$ 52.6|$ 68.7|$ -16.1 ( 16.1 )|
net sales net sales increased by $ 103.6 million , or 5.5% ( 5.5 % ) , for the year ended december 31 , 2005 from the year ended december 31 , 2004 . net sales increased primarily due to increased sales prices and volumes of corrugated products compared to 2004 . total corrugated products volume sold increased 4.2% ( 4.2 % ) to 31.2 billion square feet in 2005 compared to 29.9 billion square feet in 2004 . on a comparable shipment-per-workday basis , corrugated products sales volume increased 4.6% ( 4.6 % ) in 2005 from 2004 . excluding pca 2019s acquisition of midland container in april 2005 , corrugated products volume was 3.0% ( 3.0 % ) higher in 2005 than 2004 and up 3.4% ( 3.4 % ) compared to 2004 on a shipment-per-workday basis . shipments-per-workday is calculated by dividing our total corrugated products volume during the year by the number of workdays within the year . the larger percentage increase was due to the fact that 2005 had one less workday ( 250 days ) , those days not falling on a weekend or holiday , than 2004 ( 251 days ) . containerboard sales volume to external domestic and export customers decreased 12.2% ( 12.2 % ) to 417000 tons for the year ended december 31 , 2005 from 475000 tons in 2004. .
Question: income from operations was what percent of net sales for 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: |
200.0 | 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: assuming that the outstanding number of shares is 100 million before the 2001 stock split , how many shares will be outstanding after the split , 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: |
160.22112 | Context:for the valuation of the 4199466 performance-based options granted in 2005 : the risk free interest rate was 4.2% ( 4.2 % ) , the volatility factor for the expected market price of the common stock was 44% ( 44 % ) , the expected dividend yield was zero and the objective time to exercise was 4.7 years with an objective in the money assumption of 2.95 years . it was also expected that the initial public offering assumption would occur within a 9 month period from grant date . the fair value of the performance-based options was calculated to be $ 5.85 . the fair value for fis options granted in 2006 was estimated at the date of grant using a black-scholes option- pricing model with the following weighted average assumptions . the risk free interest rates used in the calculation are the rate that corresponds to the weighted average expected life of an option . the risk free interest rate used for options granted during 2006 was 4.9% ( 4.9 % ) . a volatility factor for the expected market price of the common stock of 30% ( 30 % ) was used for options granted in 2006 . the expected dividend yield used for 2006 was 0.5% ( 0.5 % ) . a weighted average expected life of 6.4 years was used for 2006 . the weighted average fair value of each option granted during 2006 was $ 15.52 . at december 31 , 2006 , the total unrecognized compensation cost related to non-vested stock option grants is $ 86.1 million , which is expected to be recognized in pre-tax income over a weighted average period of 1.9 years . the company intends to limit dilution caused by option exercises , including anticipated exercises , by repurchasing shares on the open market or in privately negotiated transactions . during 2006 , the company repurchased 4261200 shares at an average price of $ 37.60 . on october 25 , 2006 , the company 2019s board of directors approved a plan authorizing the repurchase of up to an additional $ 200 million worth of the company 2019s common stock . defined benefit plans certegy pension plan in connection with the certegy merger , the company announced that it will terminate and settle the certegy u.s . retirement income plan ( usrip ) . the estimated impact of this settlement was reflected in the purchase price allocation as an increase in the pension liability , less the fair value of the pension plan assets , based on estimates of the total cost to settle the liability through the purchase of annuity contracts or lump sum settlements to the beneficiaries . the final settlement will not occur until after an irs determination has been obtained , which is expected to be received in 2007 . in addition to the net pension plan obligation of $ 21.6 million , the company assumed liabilities of $ 8.0 million for certegy 2019s supplemental executive retirement plan ( 201cserp 201d ) and $ 3.0 mil- lion for a postretirement benefit plan . a reconciliation of the changes in the fair value of plan assets of the usrip for the period from february 1 , 2006 through december 31 , 2006 is as follows ( in thousands ) : .
||2006|
|fair value of plan assets at acquisition date|$ 57369|
|actual return on plan assets|8200|
|benefits paid|-797 ( 797 )|
|fair value of plan assets at end of year|$ 64772|
benefits paid in the above table include only those amounts paid directly from plan assets . as of december 31 , 2006 and for 2007 through the pay out of the pension liability , the assets are being invested in u.s . treasury bonds due to the short duration until final payment . fidelity national information services , inc . and subsidiaries and affiliates consolidated and combined financial statements notes to consolidated and combined financial statements 2014 ( continued ) .
Question: what is the total cash spent for the repurchase of shares during 2006 , ( 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: |
0.24786 | Context:new term loan a facility , with the remaining unpaid principal amount of loans under the new term loan a facility due and payable in full at maturity on june 6 , 2021 . principal amounts outstanding under the new revolving loan facility are due and payable in full at maturity on june 6 , 2021 , subject to earlier repayment pursuant to the springing maturity date described above . in addition to paying interest on outstanding principal under the borrowings , we are obligated to pay a quarterly commitment fee at a rate determined by reference to a total leverage ratio , with a maximum commitment fee of 40% ( 40 % ) of the applicable margin for eurocurrency loans . in july 2016 , breakaway four , ltd. , as borrower , and nclc , as guarantor , entered into a supplemental agreement , which amended the breakaway four loan to , among other things , increase the aggregate principal amount of commitments under the multi-draw term loan credit facility from 20ac590.5 million to 20ac729.9 million . in june 2016 , we took delivery of seven seas explorer . to finance the payment due upon delivery , we had export credit financing in place for 80% ( 80 % ) of the contract price . the associated $ 373.6 million term loan bears interest at 3.43% ( 3.43 % ) with a maturity date of june 30 , 2028 . principal and interest payments shall be paid semiannually . in december 2016 , nclc issued $ 700.0 million aggregate principal amount of 4.750% ( 4.750 % ) senior unsecured notes due december 2021 ( the 201cnotes 201d ) in a private offering ( the 201coffering 201d ) at par . nclc used the net proceeds from the offering , after deducting the initial purchasers 2019 discount and estimated fees and expenses , together with cash on hand , to purchase its outstanding 5.25% ( 5.25 % ) senior notes due 2019 having an aggregate outstanding principal amount of $ 680 million . the redemption of the 5.25% ( 5.25 % ) senior notes due 2019 was completed in january 2017 . nclc will pay interest on the notes at 4.750% ( 4.750 % ) per annum , semiannually on june 15 and december 15 of each year , commencing on june 15 , 2017 , to holders of record at the close of business on the immediately preceding june 1 and december 1 , respectively . nclc may redeem the notes , in whole or part , at any time prior to december 15 , 2018 , at a price equal to 100% ( 100 % ) of the principal amount of the notes redeemed plus accrued and unpaid interest to , but not including , the redemption date and a 201cmake-whole premium . 201d nclc may redeem the notes , in whole or in part , on or after december 15 , 2018 , at the redemption prices set forth in the indenture governing the notes . at any time ( which may be more than once ) on or prior to december 15 , 2018 , nclc may choose to redeem up to 40% ( 40 % ) of the aggregate principal amount of the notes at a redemption price equal to 104.750% ( 104.750 % ) of the face amount thereof with an amount equal to the net proceeds of one or more equity offerings , so long as at least 60% ( 60 % ) of the aggregate principal amount of the notes issued remains outstanding following such redemption . the indenture governing the notes contains covenants that limit nclc 2019s ability ( and its restricted subsidiaries 2019 ability ) to , among other things : ( i ) incur or guarantee additional indebtedness or issue certain preferred shares ; ( ii ) pay dividends and make certain other restricted payments ; ( iii ) create restrictions on the payment of dividends or other distributions to nclc from its restricted subsidiaries ; ( iv ) create liens on certain assets to secure debt ; ( v ) make certain investments ; ( vi ) engage in transactions with affiliates ; ( vii ) engage in sales of assets and subsidiary stock ; and ( viii ) transfer all or substantially all of its assets or enter into merger or consolidation transactions . the indenture governing the notes also provides for events of default , which , if any of them occurs , would permit or require the principal , premium ( if any ) , interest and other monetary obligations on all of the then-outstanding notes to become due and payable immediately . interest expense , net for the year ended december 31 , 2016 was $ 276.9 million which included $ 34.7 million of amortization of deferred financing fees and a $ 27.7 million loss on extinguishment of debt . interest expense , net for the year ended december 31 , 2015 was $ 221.9 million which included $ 36.7 million of amortization of deferred financing fees and a $ 12.7 million loss on extinguishment of debt . interest expense , net for the year ended december 31 , 2014 was $ 151.8 million which included $ 32.3 million of amortization of deferred financing fees and $ 15.4 million of expenses related to financing transactions in connection with the acquisition of prestige . certain of our debt agreements contain covenants that , among other things , require us to maintain a minimum level of liquidity , as well as limit our net funded debt-to-capital ratio , maintain certain other ratios and restrict our ability to pay dividends . substantially all of our ships and other property and equipment are pledged as collateral for certain of our debt . we believe we were in compliance with these covenants as of december 31 , 2016 . the following are scheduled principal repayments on long-term debt including capital lease obligations as of december 31 , 2016 for each of the next five years ( in thousands ) : .
|year|amount|
|2017|$ 560193|
|2018|554846|
|2019|561687|
|2020|1153733|
|2021|2193823|
|thereafter|1490322|
|total|$ 6514604|
we had an accrued interest liability of $ 32.5 million and $ 34.2 million as of december 31 , 2016 and 2015 , respectively. .
Question: what is the percentage change in interest expense-net , 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: |
1.32 | Context:our refining and wholesale marketing gross margin is the difference between the prices of refined products sold and the costs of crude oil and other charge and blendstocks refined , including the costs to transport these inputs to our refineries , the costs of purchased products and manufacturing expenses , including depreciation . the crack spread is a measure of the difference between market prices for refined products and crude oil , commonly used by the industry as an indicator of the impact of price on the refining margin . crack spreads can fluctuate significantly , particularly when prices of refined products do not move in the same relationship as the cost of crude oil . as a performance benchmark and a comparison with other industry participants , we calculate midwest ( chicago ) and u.s . gulf coast crack spreads that we feel most closely track our operations and slate of products . posted light louisiana sweet ( 201clls 201d ) prices and a 6-3-2-1 ratio of products ( 6 barrels of crude oil producing 3 barrels of gasoline , 2 barrels of distillate and 1 barrel of residual fuel ) are used for the crack spread calculation . the following table lists calculated average crack spreads by quarter for the midwest ( chicago ) and gulf coast markets in 2008 . crack spreads ( dollars per barrel ) 1st qtr 2nd qtr 3rd qtr 4th qtr 2008 .
|crack spreads ( dollars per barrel )|1st qtr|2nd qtr|3rd qtr|4th qtr|2008|
|chicago lls 6-3-2-1|$ 0.07|$ 2.71|$ 7.81|$ 2.31|$ 3.27|
|us gulf coast lls 6-3-2-1|$ 1.39|$ 1.99|$ 6.32|( $ 0.01 )|$ 2.45|
in addition to the market changes indicated by the crack spreads , our refining and wholesale marketing gross margin is impacted by factors such as the types of crude oil and other charge and blendstocks processed , the selling prices realized for refined products , the impact of commodity derivative instruments used to mitigate price risk and the cost of purchased products for resale . we process significant amounts of sour crude oil which can enhance our profitability compared to certain of our competitors , as sour crude oil typically can be purchased at a discount to sweet crude oil . finally , our refining and wholesale marketing gross margin is impacted by changes in manufacturing costs , which are primarily driven by the level of maintenance activities at the refineries and the price of purchased natural gas used for plant fuel . our 2008 refining and wholesale marketing gross margin was the key driver of the 43 percent decrease in rm&t segment income when compared to 2007 . our average refining and wholesale marketing gross margin per gallon decreased 37 percent , to 11.66 cents in 2008 from 18.48 cents in 2007 , primarily due to the significant and rapid increases in crude oil prices early in 2008 and lagging wholesale price realizations . our retail marketing gross margin for gasoline and distillates , which is the difference between the ultimate price paid by consumers and the cost of refined products , including secondary transportation and consumer excise taxes , also impacts rm&t segment profitability . while on average demand has been increasing for several years , there are numerous factors including local competition , seasonal demand fluctuations , the available wholesale supply , the level of economic activity in our marketing areas and weather conditions that impact gasoline and distillate demand throughout the year . in 2008 , demand began to drop due to the combination of significant increases in retail petroleum prices and a broad slowdown in general activity . the gross margin on merchandise sold at retail outlets has historically been more constant . the profitability of our pipeline transportation operations is primarily dependent on the volumes shipped through our crude oil and refined products pipelines . the volume of crude oil that we transport is directly affected by the supply of , and refiner demand for , crude oil in the markets served directly by our crude oil pipelines . key factors in this supply and demand balance are the production levels of crude oil by producers , the availability and cost of alternative modes of transportation , and refinery and transportation system maintenance levels . the volume of refined products that we transport is directly affected by the production levels of , and user demand for , refined products in the markets served by our refined product pipelines . in most of our markets , demand for gasoline peaks during the summer and declines during the fall and winter months , whereas distillate demand is more ratable throughout the year . as with crude oil , other transportation alternatives and system maintenance levels influence refined product movements . integrated gas our integrated gas strategy is to link stranded natural gas resources with areas where a supply gap is emerging due to declining production and growing demand . our integrated gas operations include marketing and transportation of products manufactured from natural gas , such as lng and methanol , primarily in the u.s. , europe and west africa . our most significant lng investment is our 60 percent ownership in a production facility in equatorial guinea , which sells lng under a long-term contract at prices tied to henry hub natural gas prices . in 2008 , its .
Question: how much higher was the u.s gulf coast crack spread than the chicago crack spread in the first quarter of 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: |
251599.67 | Context:2018 emerson annual report | 51 as of september 30 , 2018 , 1874750 shares awarded primarily in 2016 were outstanding , contingent on the company achieving its performance objectives through 2018 . the objectives for these shares were met at the 97 percent level at the end of 2018 and 1818508 shares will be distributed in early 2019 . additionally , the rights to receive a maximum of 2261700 and 2375313 common shares were awarded in 2018 and 2017 , respectively , under the new performance shares program , and are outstanding and contingent upon the company achieving its performance objectives through 2020 and 2019 , respectively . incentive shares plans also include restricted stock awards which involve distribution of common stock to key management employees subject to cliff vesting at the end of service periods ranging from three to ten years . the fair value of restricted stock awards is determined based on the average of the high and low market prices of the company 2019s common stock on the date of grant , with compensation expense recognized ratably over the applicable service period . in 2018 , 310000 shares of restricted stock vested as a result of participants fulfilling the applicable service requirements . consequently , 167837 shares were issued while 142163 shares were withheld for income taxes in accordance with minimum withholding requirements . as of september 30 , 2018 , there were 1276200 shares of unvested restricted stock outstanding . the total fair value of shares distributed under incentive shares plans was $ 20 , $ 245 and $ 11 , respectively , in 2018 , 2017 and 2016 , of which $ 9 , $ 101 and $ 4 was paid in cash , primarily for tax withholding . as of september 30 , 2018 , 10.3 million shares remained available for award under incentive shares plans . changes in shares outstanding but not yet earned under incentive shares plans during the year ended september 30 , 2018 follow ( shares in thousands ; assumes 100 percent payout of unvested awards ) : average grant date shares fair value per share .
||shares|average grant datefair value per share|
|beginning of year|4999|$ 50.33|
|granted|2295|$ 63.79|
|earned/vested|-310 ( 310 )|$ 51.27|
|canceled|-86 ( 86 )|$ 56.53|
|end of year|6898|$ 54.69|
total compensation expense for stock options and incentive shares was $ 216 , $ 115 and $ 159 for 2018 , 2017 and 2016 , respectively , of which $ 5 and $ 14 was included in discontinued operations for 2017 and 2016 , respectively . the increase in expense for 2018 reflects an increase in the company 2019s stock price and progress toward achieving its performance objectives . the decrease in expense for 2017 reflects the impact of changes in the stock price . income tax benefits recognized in the income statement for these compensation arrangements during 2018 , 2017 and 2016 were $ 42 , $ 33 and $ 45 , respectively . as of september 30 , 2018 , total unrecognized compensation expense related to unvested shares awarded under these plans was $ 182 , which is expected to be recognized over a weighted-average period of 1.1 years . in addition to the employee stock option and incentive shares plans , in 2018 the company awarded 12228 shares of restricted stock and 2038 restricted stock units under the restricted stock plan for non-management directors . as of september 30 , 2018 , 159965 shares were available for issuance under this plan . ( 16 ) common and preferred stock at september 30 , 2018 , 37.0 million shares of common stock were reserved for issuance under the company 2019s stock-based compensation plans . during 2018 , 15.1 million common shares were purchased and 2.6 million treasury shares were reissued . in 2017 , 6.6 million common shares were purchased and 5.5 million treasury shares were reissued . at september 30 , 2018 and 2017 , the company had 5.4 million shares of $ 2.50 par value preferred stock authorized , with none issued. .
Question: what was the total grant datefair value , in dollars , at the beginning of the year? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
162.7 | Context:entergy louisiana , llc and subsidiaries management 2019s financial discussion and analysis in industrial usage is primarily due to increased demand from new customers and expansion projects , primarily in the chemicals industry . the louisiana act 55 financing savings obligation variance results from a regulatory charge for tax savings to be shared with customers per an agreement approved by the lpsc . the tax savings resulted from the 2010-2011 irs audit settlement on the treatment of the louisiana act 55 financing of storm costs for hurricane gustav and hurricane ike . see note 3 to the financial statements for additional discussion of the settlement and benefit sharing . included in other is a provision of $ 23 million recorded in 2016 related to the settlement of the waterford 3 replacement steam generator prudence review proceeding , offset by a provision of $ 32 million recorded in 2015 related to the uncertainty at that time associated with the resolution of the waterford 3 replacement steam generator prudence review proceeding . see note 2 to the financial statements for a discussion of the waterford 3 replacement steam generator prudence review proceeding . 2015 compared to 2014 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 2015 to 2014 . amount ( in millions ) .
||amount ( in millions )|
|2014 net revenue|$ 2246.1|
|retail electric price|180.0|
|volume/weather|39.5|
|waterford 3 replacement steam generator provision|-32.0 ( 32.0 )|
|miso deferral|-32.0 ( 32.0 )|
|other|7.2|
|2015 net revenue|$ 2408.8|
the retail electric price variance is primarily due to formula rate plan increases , as approved by the lpsc , effective december 2014 and january 2015 . entergy louisiana 2019s formula rate plan increases are discussed in note 2 to the financial statements . the volume/weather variance is primarily due to an increase of 841 gwh , or 2% ( 2 % ) , in billed electricity usage , as a result of increased industrial usage primarily due to increased demand for existing large refinery customers , new customers , and expansion projects primarily in the chemicals industry , partially offset by a decrease in demand in the chemicals industry as a result of a seasonal outage for an existing customer . the waterford 3 replacement steam generator provision is due to a regulatory charge of approximately $ 32 million recorded in 2015 related to the uncertainty associated with the resolution of the waterford 3 replacement steam generator project . see note 2 to the financial statements for a discussion of the waterford 3 replacement steam generator prudence review proceeding . the miso deferral variance is due to the deferral in 2014 of non-fuel miso-related charges , as approved by the lpsc . the deferral of non-fuel miso-related charges is partially offset in other operation and maintenance expenses . see note 2 to the financial statements for further discussion of the recovery of non-fuel miso-related charges. .
Question: what is the net change in net revenue during 2015 for entergy louisiana? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
21.54054 | Context:2014 , 2013 and 2012 . the decrease in our consolidated net adjustments for 2014 compared to 2013 was primarily due to a decrease in profit booking rate adjustments at our aeronautics , mfc and mst business segments . the increase in our consolidated net adjustments for 2013 as compared to 2012 was primarily due to an increase in profit booking rate adjustments at our mst and mfc business segments and , to a lesser extent , the increase in the favorable resolution of contractual matters for the corporation . the consolidated net adjustments for 2014 are inclusive of approximately $ 650 million in unfavorable items , which include reserves recorded on certain training and logistics solutions programs at mst and net warranty reserve adjustments for various programs ( including jassm and gmlrs ) at mfc as described in the respective business segment 2019s results of operations below . the consolidated net adjustments for 2013 and 2012 are inclusive of approximately $ 600 million and $ 500 million in unfavorable items , which include a significant profit reduction on the f-35 development contract in both years , as well as a significant profit reduction on the c-5 program in 2013 , each as described in our aeronautics business segment 2019s results of operations discussion below . aeronautics our aeronautics business segment is engaged in the research , design , development , manufacture , integration , sustainment , support and upgrade of advanced military aircraft , including combat and air mobility aircraft , unmanned air vehicles and related technologies . aeronautics 2019 major programs include the f-35 lightning ii joint strike fighter , c-130 hercules , f-16 fighting falcon , f-22 raptor and the c-5m super galaxy . aeronautics 2019 operating results included the following ( in millions ) : .
||2014|2013|2012|
|net sales|$ 14920|$ 14123|$ 14953|
|operating profit|1649|1612|1699|
|operating margins|11.1% ( 11.1 % )|11.4% ( 11.4 % )|11.4% ( 11.4 % )|
|backlog at year-end|$ 27600|$ 28000|$ 30100|
2014 compared to 2013 aeronautics 2019 net sales for 2014 increased $ 797 million , or 6% ( 6 % ) , compared to 2013 . the increase was primarily attributable to higher net sales of approximately $ 790 million for f-35 production contracts due to increased volume and sustainment activities ; about $ 55 million for the f-16 program due to increased deliveries ( 17 aircraft delivered in 2014 compared to 13 delivered in 2013 ) partially offset by contract mix ; and approximately $ 45 million for the f-22 program due to increased risk retirements . the increases were partially offset by lower net sales of approximately $ 55 million for the f-35 development contract due to decreased volume , partially offset by the absence in 2014 of the downward revision to the profit booking rate that occurred in 2013 ; and about $ 40 million for the c-130 program due to fewer deliveries ( 24 aircraft delivered in 2014 compared to 25 delivered in 2013 ) and decreased sustainment activities , partially offset by contract mix . aeronautics 2019 operating profit for 2014 increased $ 37 million , or 2% ( 2 % ) , compared to 2013 . the increase was primarily attributable to higher operating profit of approximately $ 85 million for the f-35 development contract due to the absence in 2014 of the downward revision to the profit booking rate that occurred in 2013 ; about $ 75 million for the f-22 program due to increased risk retirements ; approximately $ 50 million for the c-130 program due to increased risk retirements and contract mix , partially offset by fewer deliveries ; and about $ 25 million for the c-5 program due to the absence in 2014 of the downward revisions to the profit booking rate that occurred in 2013 . the increases were partially offset by lower operating profit of approximately $ 130 million for the f-16 program due to decreased risk retirements , partially offset by increased deliveries ; and about $ 70 million for sustainment activities due to decreased risk retirements and volume . operating profit was comparable for f-35 production contracts as higher volume was offset by lower risk retirements . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 105 million lower for 2014 compared to 2013 . 2013 compared to 2012 aeronautics 2019 net sales for 2013 decreased $ 830 million , or 6% ( 6 % ) , compared to 2012 . the decrease was primarily attributable to lower net sales of approximately $ 530 million for the f-16 program due to fewer aircraft deliveries ( 13 aircraft delivered in 2013 compared to 37 delivered in 2012 ) partially offset by aircraft configuration mix ; about $ 385 million for the c-130 program due to fewer aircraft deliveries ( 25 aircraft delivered in 2013 compared to 34 in 2012 ) partially offset by increased sustainment activities ; approximately $ 255 million for the f-22 program , which includes about $ 205 million due to .
Question: what was the ratio of the increase in the net sales to the operating profit | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.02941 | Context:united parcel service , inc . and subsidiaries notes to consolidated financial statements floating-rate senior notes the floating-rate senior notes with principal amounts totaling $ 1.043 billion , bear interest at either one or three-month libor , less a spread ranging from 30 to 45 basis points . the average interest rate for 2017 and 2016 was 0.74% ( 0.74 % ) and 0.21% ( 0.21 % ) , respectively . these notes are callable at various times after 30 years at a stated percentage of par value , and putable by the note holders at various times after one year at a stated percentage of par value . the notes have maturities ranging from 2049 through 2067 . we classified the floating-rate senior notes that are putable by the note holder as a long-term liability , due to our intent and ability to refinance the debt if the put option is exercised by the note holder . in march and november 2017 , we issued floating-rate senior notes in the principal amounts of $ 147 and $ 64 million , respectively , which are included in the $ 1.043 billion floating-rate senior notes described above . these notes will bear interest at three-month libor less 30 and 35 basis points , respectively and mature in 2067 . the remaining three floating-rate senior notes in the principal amounts of $ 350 , $ 400 and $ 500 million , bear interest at three-month libor , plus a spread ranging from 15 to 45 basis points . the average interest rate for 2017 and 2016 was 0.50% ( 0.50 % ) and 0.0% ( 0.0 % ) , respectively . these notes are not callable . the notes have maturities ranging from 2021 through 2023 . we classified the floating-rate senior notes that are putable by the note holder as a long-term liability , due to our intent and ability to refinance the debt if the put option is exercised by the note holder . capital lease obligations we have certain property , plant and equipment subject to capital leases . some of the obligations associated with these capital leases have been legally defeased . the recorded value of our property , plant and equipment subject to capital leases is as follows as of december 31 ( in millions ) : .
||2017|2016|
|vehicles|$ 70|$ 68|
|aircraft|2291|2291|
|buildings|285|190|
|accumulated amortization|-990 ( 990 )|-896 ( 896 )|
|property plant and equipment subject to capital leases|$ 1656|$ 1653|
these capital lease obligations have principal payments due at various dates from 2018 through 3005 . facility notes and bonds we have entered into agreements with certain municipalities to finance the construction of , or improvements to , facilities that support our u.s . domestic package and supply chain & freight operations in the united states . these facilities are located around airport properties in louisville , kentucky ; dallas , texas ; and philadelphia , pennsylvania . under these arrangements , we enter into a lease or loan agreement that covers the debt service obligations on the bonds issued by the municipalities , as follows : 2022 bonds with a principal balance of $ 149 million issued by the louisville regional airport authority associated with our worldport facility in louisville , kentucky . the bonds , which are due in january 2029 , bear interest at a variable rate , and the average interest rates for 2017 and 2016 were 0.83% ( 0.83 % ) and 0.37% ( 0.37 % ) , respectively . 2022 bonds with a principal balance of $ 42 million and due in november 2036 issued by the louisville regional airport authority associated with our air freight facility in louisville , kentucky . the bonds bear interest at a variable rate , and the average interest rates for 2017 and 2016 were 0.80% ( 0.80 % ) and 0.36% ( 0.36 % ) , respectively . 2022 bonds with a principal balance of $ 29 million issued by the dallas / fort worth international airport facility improvement corporation associated with our dallas , texas airport facilities . the bonds are due in may 2032 and bear interest at a variable rate , however the variable cash flows on the obligation have been swapped to a fixed 5.11% ( 5.11 % ) . 2022 in september 2015 , we entered into an agreement with the delaware county , pennsylvania industrial development authority , associated with our philadelphia , pennsylvania airport facilities , for bonds issued with a principal balance of $ 100 million . these bonds , which are due september 2045 , bear interest at a variable rate . the average interest rate for 2017 and 2016 was 0.78% ( 0.78 % ) and 0.40% ( 0.40 % ) , respectively. .
Question: what was the percentage change in vehicles under capital lease 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: |
-0.74163 | Context:note 10 . commitments and contingencies credit-related commitments and contingencies : credit-related financial instruments , which are off-balance sheet , include indemnified securities financing , unfunded commitments to extend credit or purchase assets , and standby letters of credit . the potential loss associated with indemnified securities financing , unfunded commitments and standby letters of credit is equal to the total gross contractual amount , which does not consider the value of any collateral . the following table summarizes the total gross contractual amounts of credit-related off-balance sheet financial instruments at december 31 . amounts reported do not reflect participations to independent third parties. .
|( in millions )|2009|2008|
|indemnified securities financing|$ 365251|$ 324590|
|asset purchase agreements ( 1 )|8211|31780|
|unfunded commitments to extend credit|18078|20981|
|standby letters of credit|4784|6061|
( 1 ) amount for 2009 excludes agreements related to the commercial paper conduits , which were consolidated in may 2009 ; see note 11 . approximately 81% ( 81 % ) of the 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 total commitment amount does not necessarily represent future cash requirements . securities finance : on behalf of our customers , we lend their securities to creditworthy brokers and other institutions . we generally indemnify our customers for the fair market value of those securities against a failure of the borrower to return such securities . collateral funds received in connection with our securities finance services are held by us as agent and are not recorded in our consolidated statement of condition . we require the borrowers to provide collateral in an amount equal to or in excess of 100% ( 100 % ) of the fair market value of the securities borrowed . the borrowed securities are revalued daily to determine if additional collateral is necessary . in this regard , we held , as agent , cash and u.s . government securities with an aggregate fair value of $ 375.92 billion and $ 333.07 billion as collateral for indemnified securities on loan at december 31 , 2009 and 2008 , respectively , presented in the table above . the collateral held by us is invested on behalf of our customers in accordance with their guidelines . in certain cases , the collateral is invested in third-party repurchase agreements , for which we indemnify the customer against loss of the principal invested . we require the repurchase agreement counterparty to provide collateral in an amount equal to or in excess of 100% ( 100 % ) of the amount of the repurchase agreement . the indemnified repurchase agreements and the related collateral are not recorded in our consolidated statement of condition . of the collateral of $ 375.92 billion at december 31 , 2009 and $ 333.07 billion at december 31 , 2008 referenced above , $ 77.73 billion at december 31 , 2009 and $ 68.37 billion at december 31 , 2008 was invested in indemnified repurchase agreements . we held , as agent , cash and securities with an aggregate fair value of $ 82.62 billion and $ 71.87 billion as collateral for indemnified investments in repurchase agreements at december 31 , 2009 and december 31 , 2008 , respectively . legal proceedings : in the ordinary course of business , we and our subsidiaries are involved in disputes , litigation and regulatory inquiries and investigations , both pending and threatened . these matters , if resolved adversely against us , may result in monetary damages , fines and penalties or require changes in our business practices . the resolution of these proceedings is inherently difficult to predict . however , we do not believe that the amount of any judgment , settlement or other action arising from any pending proceeding will have a material adverse effect on our consolidated financial condition , although the outcome of certain of the matters described below may have a material adverse effect on our consolidated results of operations for the period in which such matter is resolved .
Question: what is the percent change in asset purchase agreements between 2008 and 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: |
0.4902 | Context:table of contents capital deployment program will be subject to market and economic conditions , applicable legal requirements and other relevant factors . our capital deployment program does not obligate us to continue a dividend for any fixed period , and payment of dividends may be suspended at any time at our discretion . stock performance graph the following stock performance graph and related information shall not be deemed 201csoliciting material 201d or 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filings under the securities act of 1933 or the exchange act , each as amended , except to the extent that we specifically incorporate it by reference into such filing . the following stock performance graph compares our cumulative total stockholder return on an annual basis on our common stock with the cumulative total return on the standard and poor 2019s 500 stock index and the amex airline index from december 9 , 2013 ( the first trading day of aag common stock ) through december 31 , 2015 . the comparison assumes $ 100 was invested on december 9 , 2013 in aag common stock and in each of the foregoing indices and assumes reinvestment of dividends . the stock performance shown on the graph below represents historical stock performance and is not necessarily indicative of future stock price performance. .
||12/9/2013|12/31/2013|12/31/2014|12/31/2015|
|american airlines group inc .|$ 100|$ 103|$ 219|$ 175|
|amex airline index|100|102|152|127|
|s&p 500|100|102|114|113|
purchases of equity securities by the issuer and affiliated purchasers since july 2014 , our board of directors has approved several share repurchase programs aggregating $ 7.0 billion of authority of which , as of december 31 , 2015 , $ 2.4 billion remained unused under repurchase programs .
Question: what was the rate of growth or decrease from 2013 to 2014 on the amex airline 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: |
-68.1 | Context:commodities purchased for use in our supply chain . we manage our exposures through a combination of purchase orders , long-term contracts with suppliers , exchange-traded futures and options , and over-the-counter options and swaps . we offset our exposures based on current and projected market conditions and generally seek to acquire the inputs at as close to our planned cost as possible . we use derivatives to manage our exposure to changes in commodity prices . we do not perform the assessments required to achieve hedge accounting for commodity derivative positions . accordingly , the changes in the values of these derivatives are recorded currently in cost of sales in our consolidated statements of earnings . although we do not meet the criteria for cash flow hedge accounting , we believe that these instruments are effective in achieving our objective of providing certainty in the future price of commodities purchased for use in our supply chain . accordingly , for purposes of measuring segment operating performance these gains and losses are reported in unallocated corporate items outside of segment operating results until such time that the exposure we are managing affects earnings . at that time we reclassify the gain or loss from unallocated corporate items to segment operating profit , allowing our operating segments to realize the economic effects of the derivative without experiencing any resulting mark-to-market volatility , which remains in unallocated corporate items . unallocated corporate items for fiscal 2019 , 2018 and 2017 included: .
|in millions|fiscal year 2019|fiscal year 2018|fiscal year 2017|
|net gain ( loss ) onmark-to-marketvaluation of commodity positions|$ -39.0 ( 39.0 )|$ 14.3|$ -22.0 ( 22.0 )|
|net loss on commodity positions reclassified from unallocated corporate items to segmentoperating profit|10.0|11.3|32.0|
|netmark-to-marketrevaluation of certain grain inventories|-7.0 ( 7.0 )|6.5|3.9|
|netmark-to-marketvaluation of certain commodity positions recognized in unallocated corporate items|$ -36.0 ( 36.0 )|$ 32.1|$ 13.9|
net mark-to-market valuation of certain commodity positions recognized in unallocated corporate items $ ( 36.0 ) $ 32.1 $ 13.9 as of may 26 , 2019 , the net notional value of commodity derivatives was $ 312.5 million , of which $ 242.9 million related to agricultural inputs and $ 69.6 million related to energy inputs . these contracts relate to inputs that generally will be utilized within the next 12 months . interest rate risk we are exposed to interest rate volatility with regard to future issuances of fixed-rate debt , and existing and future issuances of floating-rate debt . primary exposures include u.s . treasury rates , libor , euribor , and commercial paper rates in the united states and europe . we use interest rate swaps , forward-starting interest rate swaps , and treasury locks to hedge our exposure to interest rate changes , to reduce the volatility of our financing costs , and to achieve a desired proportion of fixed rate versus floating-rate debt , based on current and projected market conditions . generally under these swaps , we agree with a counterparty to exchange the difference between fixed-rate and floating-rate interest amounts based on an agreed upon notional principal amount . floating interest rate exposures 2014 floating-to-fixed interest rate swaps are accounted for as cash flow hedges , as are all hedges of forecasted issuances of debt . effectiveness is assessed based on either the perfectly effective hypothetical derivative method or changes in the present value of interest payments on the underlying debt . effective gains and losses deferred to aoci are reclassified into earnings over the life of the associated debt . ineffective gains and losses are recorded as net interest . the amount of hedge ineffectiveness was less than $ 1 million in fiscal 2019 , a $ 2.6 million loss in fiscal 2018 , and less than $ 1 million in fiscal 2017 . fixed interest rate exposures 2014 fixed-to-floating interest rate swaps are accounted for as fair value hedges with effectiveness assessed based on changes in the fair value of the underlying debt and derivatives , using .
Question: what is the net change in netmark-to-marketvaluation of certain commodity position from 2018 to 2019 as presented in the table? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.16935 | Context:the company has also encountered various quality issues on its aircraft carrier construction and overhaul programs and its virginia-class submarine construction program at its newport news location . these primarily involve matters related to filler metal used in pipe welds identified in 2007 , and issues associated with non-nuclear weld inspection and the installation of weapons handling equipment on certain submarines , and certain purchased material quality issues identified in 2009 . the company does not believe that resolution of these issues will have a material effect upon its consolidated financial position , results of operations or cash flows . environmental matters 2014the estimated cost to complete environmental remediation has been accrued where it is probable that the company will incur such costs in the future to address environmental conditions at currently or formerly owned or leased operating facilities , or at sites where it has been named a potentially responsible party ( 201cprp 201d ) by the environmental protection agency , or similarly designated by another environmental agency , and these costs can be estimated by management . these accruals do not include any litigation costs related to environmental matters , nor do they include amounts recorded as asset retirement obligations . to assess the potential impact on the company 2019s consolidated financial statements , management estimates the range of reasonably possible remediation costs that could be incurred by the company , taking into account currently available facts on each site as well as the current state of technology and prior experience in remediating contaminated sites . these estimates are reviewed periodically and adjusted to reflect changes in facts and technical and legal circumstances . management estimates that as of december 31 , 2011 , the probable future costs for environmental remediation is $ 3 million , which is accrued in other current liabilities . factors that could result in changes to the company 2019s estimates include : modification of planned remedial actions , increases or decreases in the estimated time required to remediate , changes to the determination of legally responsible parties , discovery of more extensive contamination than anticipated , changes in laws and regulations affecting remediation requirements , and improvements in remediation technology . should other prps not pay their allocable share of remediation costs , the company may have to incur costs exceeding those already estimated and accrued . in addition , there are certain potential remediation sites where the costs of remediation cannot be reasonably estimated . although management cannot predict whether new information gained as projects progress will materially affect the estimated liability accrued , management does not believe that future remediation expenditures will have a material effect on the company 2019s consolidated financial position , results of operations or cash flows . financial arrangements 2014in the ordinary course of business , hii uses standby letters of credit issued by commercial banks and surety bonds issued by insurance companies principally to support the company 2019s self-insured workers 2019 compensation plans . at december 31 , 2011 , there were $ 121 million of standby letters of credit issued but undrawn and $ 297 million of surety bonds outstanding related to hii . u.s . government claims 2014from time to time , the u.s . government advises the company of claims and penalties concerning certain potential disallowed costs . when such findings are presented , the company and u.s . government representatives engage in discussions to enable hii to evaluate the merits of these claims as well as to assess the amounts being claimed . the company does not believe that the outcome of any such matters will have a material effect on its consolidated financial position , results of operations or cash flows . collective bargaining agreements 2014the company believes that it maintains good relations with its approximately 38000 employees of which approximately 50% ( 50 % ) are covered by a total of 10 collective bargaining agreements . the company expects to renegotiate renewals of each of its collective bargaining agreements between 2013 and 2015 as they approach expiration . collective bargaining agreements generally expire after three to five years and are subject to renegotiation at that time . it is not expected that the results of these negotiations , either individually or in the aggregate , will have a material effect on the company 2019s consolidated results of operations . operating leases 2014rental expense for operating leases was $ 44 million in 2011 , $ 44 million in 2010 , and $ 48 million in 2009 . these amounts are net of immaterial amounts of sublease rental income . minimum rental commitments under long- term non-cancellable operating leases for the next five years and thereafter are : ( $ in millions ) .
|2012|$ 21|
|2013|17|
|2014|15|
|2015|13|
|2016|10|
|thereafter|48|
|total|$ 124|
.
Question: what portion of the total rental commitments for non-cancellable operating lease is due in the next 12 months? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.19 | Context:over 1 million customers . edc also provides 2265 mw of installed capacity through its generation facilities in venezuela . the purchase price allocation was as follows ( in millions ) : .
|purchase price|$ 1700|
|less : stockholders' equity of edc||
|capital stock|-508 ( 508 )|
|paid-in surplus|-245 ( 245 )|
|retained earnings|-1353 ( 1353 )|
|treasury stock|323|
|adjustment of assets and liabilities to fair value:||
|property and equipment|-1578 ( 1578 )|
|deferred income tax asset|231|
|employee severance plan|157|
|investment in subsidiaries|36|
|elimination of intangible asset 2013 goodwill|7|
|other net assets|-51 ( 51 )|
|goodwill 2013 negative|$ -1281 ( 1281 )|
property and equipment was reduced by the negative goodwill . the cost of the acquisition was allocated on the basis of estimated fair value of the assets acquired and liabilities assumed , primarily based upon an independent appraisal . as of december 31 , 2000 , the severance plan was completed and the workforce was reduced by approximately 2500 people . all of the costs associated with the plan were recorded during 2000 , and all of the cash payments were made in 2000 . in august 2000 , a subsidiary of the company completed the acquisition of a 59% ( 59 % ) equity interest in a hidroelectrica alicura s.a . ( 2018 2018alicura 2019 2019 ) in argentina from southern energy , inc . and its partners . alicura operates a 1000 mw peaking hydro facility located in the province of neuquen , argentina . the purchase price of approximately $ 205 million includes the assumption of existing non-recourse debt . in december 2000 a subsidiary of the company acquired an additional 39% ( 39 % ) ownership interest in alicura , 19.5% ( 19.5 % ) ownership interests each from the federal government of argentina and the province of neuquen , for approximately $ 9 million . at december 31 , 2000 , the company 2019s ownership interest was 98% ( 98 % ) . the employees of alicura own the remaining 2% ( 2 % ) . all of the purchase price was allocated to property , plant and equipment and is being depreciated over the useful life . in october 2000 , a subsidiary of the company completed the acquisition of reliant energy international 2019s 50% ( 50 % ) interest in el salvador energy holdings , s.a . ( 2018 2018eseh 2019 2019 ) that owns three distribution companies in el salvador . the purchase price for this interest in eseh was approximately $ 173 million . the three distribution companies , compania de alumbrado electrico de san salvador , s.a . de c.v. , empresa electrica de oriente , s.a . de c.v . and distribuidora electrica de usulutan , s.a . de c.v . serve 3.5 million people , approximately 60% ( 60 % ) of the population of el salvador , including the capital city of san salvador . a subsidiary of the company had previously acquired a 50% ( 50 % ) interest in eseh through its acquisition of edc . through the purchase of reliant energy international 2019s ownership interest , the company owns a controlling interest in the three distribution companies . the total purchase price for 100% ( 100 % ) of the interest in eseh approximated $ 325 million , of which approximately $ 176 million was allocated to goodwill and is being amortized over 40 years . in december 2000 , the company acquired all of the outstanding shares of kmr power corporation ( 2018 2018kmr 2019 2019 ) , including the buyout of a minority partner in one of kmr 2019s subsidiaries , for approximately $ 64 million and assumed long-term liabilities of approximately $ 245 million . the acquisition was financed through the issuance of approximately 699000 shares of aes common stock and cash . kmr owns a controlling interest in two gas-fired power plants located in cartagena , colombia : a 100% ( 100 % ) interest in the 314 mw termocandelaria power plant and a 66% ( 66 % ) interest in the 100 .
Question: what percentage of the purchase price was treasury stock? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
12.8 | Context:zimmer holdings , inc . 2013 form 10-k annual report notes to consolidated financial statements ( continued ) we have four tranches of senior notes outstanding : $ 250 million aggregate principal amount of 1.4 percent notes due november 30 , 2014 , $ 500 million aggregate principal amount of 4.625 percent notes due november 30 , 2019 , $ 300 million aggregate principal amount of 3.375 percent notes due november 30 , 2021 and $ 500 million aggregate principal amount of 5.75 percent notes due november 30 , 2039 . interest on each series is payable on may 30 and november 30 of each year until maturity . the estimated fair value of our senior notes as of december 31 , 2013 , based on quoted prices for the specific securities from transactions in over-the-counter markets ( level 2 ) , was $ 1649.5 million . we may redeem the senior notes at our election in whole or in part at any time prior to maturity at a redemption price equal to the greater of 1 ) 100 percent of the principal amount of the notes being redeemed ; or 2 ) the sum of the present values of the remaining scheduled payments of principal and interest ( not including any portion of such payments of interest accrued as of the date of redemption ) , discounted to the date of redemption on a semi-annual basis at the treasury rate ( as defined in the debt agreement ) , plus 15 basis points in the case of the 2014 notes , 20 basis points in the case of the 2019 notes and 2021 notes , and 25 basis points in the case of the 2039 notes . we would also pay the accrued and unpaid interest on the senior notes to the redemption date . we have entered into interest rate swap agreements which we designated as fair value hedges of underlying fixed- rate obligations on our senior notes due 2019 and 2021 . see note 13 for additional information regarding the interest rate swap agreements . before our senior notes due november 30 , 2014 become payable , we intend to issue new senior notes in order to pay the $ 250 million owed . if we are not able to issue new senior notes , we intend to borrow against our senior credit facility to pay these notes . since we have the ability and intent to refinance these senior notes on a long-term basis with new notes or through our senior credit facility , we have classified these senior notes as long-term debt as of december 31 , 2013 . we also have available uncommitted credit facilities totaling $ 50.7 million . at december 31 , 2013 , the weighted average interest rate for our long-term borrowings was 3.3 percent . at december 31 , 2012 , the weighted average interest rate for short-term and long-term borrowings was 1.1 percent and 3.5 percent , respectively . we paid $ 68.1 million , $ 67.8 million and $ 55.0 million in interest during 2013 , 2012 and 2011 , respectively . 12 . accumulated other comprehensive income oci refers to certain gains and losses that under gaap are included in comprehensive income but are excluded from net earnings as these amounts are initially recorded as an adjustment to stockholders 2019 equity . amounts in oci may be reclassified to net earnings upon the occurrence of certain events . our oci is comprised of foreign currency translation adjustments , unrealized gains and losses on cash flow hedges , unrealized gains and losses on available-for-sale securities , and amortization of prior service costs and unrecognized gains and losses in actuarial assumptions on our defined benefit plans . foreign currency translation adjustments are reclassified to net earnings upon sale or upon a complete or substantially complete liquidation of an investment in a foreign entity . unrealized gains and losses on cash flow hedges are reclassified to net earnings when the hedged item affects net earnings . unrealized gains and losses on available-for-sale securities are reclassified to net earnings if we sell the security before maturity or if the unrealized loss is considered to be other-than-temporary . we typically hold our available-for-sale securities until maturity and are able to realize their amortized cost and therefore we do not have reclassification adjustments to net earnings on these securities . amounts related to defined benefit plans that are in oci are reclassified over the service periods of employees in the plan . the reclassification amounts are allocated to all employees in the plans and therefore the reclassified amounts may become part of inventory to the extent they are considered direct labor costs . see note 14 for more information on our defined benefit plans . the following table shows the changes in the components of oci , net of tax ( in millions ) : foreign currency translation hedges unrealized gains on securities defined benefit .
||foreign currency translation|cash flow hedges|unrealizedgains onsecurities|defined benefit plan items|
|balance december 31 2012|$ 445.5|$ 4.1|$ 0.4|$ -106.1 ( 106.1 )|
|oci before reclassifications|-44.4 ( 44.4 )|33.4|0.1|30.6|
|reclassifications|2013|-4.4 ( 4.4 )|2013|7.9|
|balance december 31 2013|$ 401.1|$ 33.1|$ 0.5|$ -67.6 ( 67.6 )|
.
Question: what was the change in interest paid between 2011 and 2012 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: |
-0.3206 | Context:the graph below compares expeditors international of washington , inc.'s cumulative 5-year total shareholder return on common stock with the cumulative total returns of the s&p 500 index , the nasdaq transportation index , and the nasdaq industrial transportation index ( nqusb2770t ) as a replacement for the nasdaq transportation index . the company is making the modification to reference a specific transportation index and to source that data directly from nasdaq . the graph assumes that the value of the investment in our common stock and in each of the indexes ( including reinvestment of dividends ) was $ 100 on 12/31/2012 and tracks it through 12/31/2017 . total return assumes reinvestment of dividends in each of the indices indicated . comparison of 5-year cumulative total return among expeditors international of washington , inc. , the s&p 500 index , the nasdaq industrial transportation index and the nasdaq transportation index. .
||12/12|12/13|12/14|12/15|12/16|12/17|
|expeditors international of washington inc .|$ 100.00|$ 113.52|$ 116.07|$ 119.12|$ 142.10|$ 176.08|
|standard and poor's 500 index|100.00|132.39|150.51|152.59|170.84|208.14|
|nasdaq transportation|100.00|133.76|187.65|162.30|193.79|248.92|
|nasdaq industrial transportation ( nqusb2770t )|100.00|141.60|171.91|132.47|171.17|218.34|
the stock price performance included in this graph is not necessarily indicative of future stock price performance . item 6 2014 selected financial data financial highlights in thousands , except per share data 2017 2016 2015 2014 2013 revenues ..................................................................... . $ 6920948 6098037 6616632 6564721 6080257 net revenues1 ............................................................... . $ 2319189 2164036 2187777 1981427 1882853 net earnings attributable to shareholders ..................... . $ 489345 430807 457223 376888 348526 diluted earnings attributable to shareholders per share $ 2.69 2.36 2.40 1.92 1.68 basic earnings attributable to shareholders per share.. . $ 2.73 2.38 2.42 1.92 1.69 dividends declared and paid per common share.......... . $ 0.84 0.80 0.72 0.64 0.60 cash used for dividends ............................................... . $ 150495 145123 135673 124634 123292 cash used for share repurchases ................................. . $ 478258 337658 629991 550781 261936 working capital ............................................................. . $ 1448333 1288648 1115136 1285188 1526673 total assets .................................................................. . $ 3117008 2790871 2565577 2870626 2996416 shareholders 2019 equity ..................................................... . $ 1991858 1844638 1691993 1868408 2084783 weighted average diluted shares outstanding .............. . 181666 182704 190223 196768 206895 weighted average basic shares outstanding ................ . 179247 181282 188941 196147 205995 _______________________ 1non-gaap measure calculated as revenues less directly related operating expenses attributable to our principal services . see management's discussion and analysis for a reconciliation of net revenues to revenues . safe harbor for forward-looking statements under private securities litigation reform act of 1995 ; certain cautionary statements this annual report on form 10-k for the fiscal year ended december 31 , 2017 contains 201cforward-looking statements , 201d as defined in section 27a of the securities act of 1933 , as amended , and section 21e of the securities exchange act of 1934 , as amended . from time to time , expeditors or its representatives have made or may make forward-looking statements , orally or in writing . such forward-looking statements may be included in , but not limited to , press releases , presentations , oral statements made with the approval of an authorized executive officer or in various filings made by expeditors with the securities and exchange commission . statements including those preceded by , followed by or that include the words or phrases 201cwill likely result 201d , 201care expected to 201d , "would expect" , "would not expect" , 201cwill continue 201d , 201cis anticipated 201d , 201cestimate 201d , 201cproject 201d , "provisional" , "plan" , "believe" , "probable" , "reasonably possible" , "may" , "could" , "should" , "intends" , "foreseeable future" or similar expressions are intended to identify 201cforward-looking statements 201d within the meaning of the private securities litigation reform act of 1995 . such statements are qualified in their entirety by reference to and are accompanied by the discussion in item 1a of certain important factors that could cause actual results to differ materially from such forward-looking statements . the risks included in item 1a are not exhaustive . furthermore , reference is also made to other sections of this report , which include additional factors that could adversely impact expeditors' business and financial performance . moreover , expeditors operates in a very competitive , complex and rapidly changing global environment . new risk factors emerge from time to time and it is not possible for management to predict all of such risk factors , nor can it assess the impact of all of such risk factors on expeditors' business or the extent to which any factor , or combination of factors , may cause actual results to differ materially from those contained in any forward-looking statements . accordingly , forward-looking statements cannot be relied upon as a guarantee of actual results . shareholders should be aware that while expeditors does , from time to time , communicate with securities analysts , it is against expeditors' policy to disclose to such analysts any material non-public information or other confidential commercial information . accordingly , shareholders should not assume that expeditors agrees with any statement or report issued by any analyst irrespective of the content of such statement or report . furthermore , expeditors has a policy against issuing financial forecasts or projections or confirming the accuracy of forecasts or projections issued by others . accordingly , to the extent that reports issued by securities analysts contain any projections , forecasts or opinions , such reports are not the responsibility of expeditors. .
Question: what is the difference in percentage return between expeditors international of washington inc . and the standard and poor's 500 index for the five years ended 12/17? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
625.0 | Context:assumed health care cost trend rates for the u.s . retiree health care benefit plan as of december 31 are as follows: .
||2017|2016|
|assumed health care cost trend rate for next year|7.50% ( 7.50 % )|6.75% ( 6.75 % )|
|ultimate trend rate|5.00% ( 5.00 % )|5.00% ( 5.00 % )|
|year in which ultimate trend rate is reached|2028|2024|
a one percentage point increase or decrease in health care cost trend rates over all future periods would have increased or decreased the accumulated postretirement benefit obligation for the u.s . retiree health care benefit plan as of december 31 , 2017 , by $ 1 million . the service cost and interest cost components of 2017 plan expense would have increased or decreased by less than $ 1 million . deferred compensation arrangements we have a deferred compensation plan that allows u.s . employees whose base salary and management responsibility exceed a certain level to defer receipt of a portion of their cash compensation . payments under this plan are made based on the participant 2019s distribution election and plan balance . participants can earn a return on their deferred compensation based on notional investments in the same investment funds that are offered in our defined contribution plans . as of december 31 , 2017 , our liability to participants of the deferred compensation plans was $ 255 million and is recorded in other long-term liabilities on our consolidated balance sheets . this amount reflects the accumulated participant deferrals and earnings thereon as of that date . as of december 31 , 2017 , we held $ 236 million in mutual funds related to these plans that are recorded in long-term investments on our consolidated balance sheets , and serve as an economic hedge against changes in fair values of our other deferred compensation liabilities . we record changes in the fair value of the liability and the related investment in sg&a as discussed in note 8 . 11 . debt and lines of credit short-term borrowings we maintain a line of credit to support commercial paper borrowings , if any , and to provide additional liquidity through bank loans . as of december 31 , 2017 , we had a variable-rate revolving credit facility from a consortium of investment-grade banks that allows us to borrow up to $ 2 billion until march 2022 . the interest rate on borrowings under this credit facility , if drawn , is indexed to the applicable london interbank offered rate ( libor ) . as of december 31 , 2017 , our credit facility was undrawn and we had no commercial paper outstanding . long-term debt we retired $ 250 million of maturing debt in march 2017 and another $ 375 million in june 2017 . in may 2017 , we issued an aggregate principal amount of $ 600 million of fixed-rate , long-term debt . the offering consisted of the reissuance of $ 300 million of 2.75% ( 2.75 % ) notes due in 2021 at a premium and the issuance of $ 300 million of 2.625% ( 2.625 % ) notes due in 2024 at a discount . we incurred $ 3 million of issuance and other related costs . the proceeds of the offerings were $ 605 million , net of the original issuance discount and premium , and were used for the repayment of maturing debt and general corporate purposes . in november 2017 , we issued a principal amount of $ 500 million of fixed-rate , long-term debt due in 2027 . we incurred $ 3 million of issuance and other related costs . the proceeds of the offering were $ 494 million , net of the original issuance discount , and were used for general corporate purposes . in may 2016 , we issued a principal amount of $ 500 million of fixed-rate , long-term debt due in 2022 . we incurred $ 3 million of issuance and other related costs . the proceeds of the offering were $ 499 million , net of the original issuance discount , and were used toward the repayment of a portion of $ 1.0 billion of maturing debt retired in may 2016 . in may 2015 , we issued a principal amount of $ 500 million of fixed-rate , long-term debt due in 2020 . we incurred $ 3 million of issuance and other related costs . the proceeds of the offering were $ 498 million , net of the original issuance discount , and were used toward the repayment of a portion of the debt that matured in august 2015 . we retired $ 250 million of maturing debt in april 2015 and another $ 750 million in august 2015 . texas instruments 2022 2017 form 10-k 51 .
Question: what was the total long-term debt retired in 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: |
0.03 | Context:the containerboard group ( a division of tenneco packaging inc. ) notes to combined financial statements ( continued ) april 11 , 1999 5 . pension and other benefit plans ( continued ) the funded status of the group 2019s allocation of defined benefit plans , excluding the retirement plan , reconciles with amounts recognized in the 1998 statements of assets and liabilities and interdivision account as follows ( in thousands ) : actuarial present value at september 30 , 1998 2014 .
|vested benefit obligation|$ -98512 ( 98512 )|
|accumulated benefit obligation|-108716 ( 108716 )|
|projected benefit obligation|$ -108716 ( 108716 )|
|plan assets at fair value at september 30 1998|146579|
|unrecognized transition liability|-1092 ( 1092 )|
|unrecognized net gain|-14623 ( 14623 )|
|unrecognized prior service cost|13455|
|prepaid pension cost at december 31 1998|$ 35603|
the weighted average discount rate used in determining the actuarial present value of the benefit obligations was 7.00% ( 7.00 % ) for the year ended december 31 , 1998 . the weighted average expected long-term rate of return on plan assets was 10% ( 10 % ) for 1998 . middle management employees participate in a variety of incentive compensation plans . these plans provide for incentive payments based on the achievement of certain targeted operating results and other specific business goals . the targeted operating results are determined each year by senior management of packaging . the amounts charged to expense for these plans were $ 1599000 for the period ended april 11 , 1999 . in june , 1992 , tenneco initiated an employee stock purchase plan ( 2018 2018espp 2019 2019 ) . the plan allows u.s . and canadian employees of the group to purchase tenneco inc . common stock through payroll deductions at a 15% ( 15 % ) discount . each year , an employee in the plan may purchase shares with a discounted value not to exceed $ 21250 . the weighted average fair value of the employee purchase right , which was estimated using the black-scholes option pricing model and the assumptions described below except that the average life of each purchase right was assumed to be 90 days , was $ 6.31 for the period ended december 31 , 1998 . the espp was terminated as of september 30 , 1996 . tenneco adopted a new employee stock purchase plan effective april 1 , 1997 . under the respective espps , tenneco sold 36883 shares to group employees for the period ended april 11 , 1999 . in december , 1996 , tenneco adopted the 1996 stock ownership plan , which permits the granting of a variety of awards , including common stock , restricted stock , performance units , stock appreciation rights , and stock options to officers and employees of tenneco . tenneco can issue up to 17000000 shares of common stock under this plan , which will terminate december 31 , 2001 . the april 11 , 1999 , fair market value of the options granted was calculated using tenneco 2019s stock price at the grant date and multiplying the amount by the historical percentage of past black-scholes pricing values fair value ( approximately 25% ( 25 % ) ) . the fair value of each stock option issued by tenneco to the group in prior periods was estimated on the date of grant using the black-sholes option pricing model using the following ranges of weighted average assumptions for grants during the past three .
Question: what is the difference between the weighted average expected long-term rate of return on plan assets for 1998 and the weighted average discount rate used in determining the actuarial present value of the benefit obligations in 1998? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-0.20719 | Context:management 2019s discussion and analysis the table below presents the operating results of our institutional client services segment. .
|in millions|year ended december 2012|year ended december 2011|year ended december 2010|
|fixed income currency and commodities client execution|$ 9914|$ 9018|$ 13707|
|equities client execution1|3171|3031|3231|
|commissions and fees|3053|3633|3426|
|securities services|1986|1598|1432|
|total equities|8210|8262|8089|
|total net revenues|18124|17280|21796|
|operating expenses|12480|12837|14994|
|pre-tax earnings|$ 5644|$ 4443|$ 6802|
1 . includes net revenues related to reinsurance of $ 1.08 billion , $ 880 million and $ 827 million for the years ended december 2012 , december 2011 and december 2010 , respectively . 2012 versus 2011 . net revenues in institutional client services were $ 18.12 billion for 2012 , 5% ( 5 % ) higher than 2011 . net revenues in fixed income , currency and commodities client execution were $ 9.91 billion for 2012 , 10% ( 10 % ) higher than 2011 . these results reflected strong net revenues in mortgages , which were significantly higher compared with 2011 . in addition , net revenues in credit products and interest rate products were solid and higher compared with 2011 . these increases were partially offset by significantly lower net revenues in commodities and slightly lower net revenues in currencies . although broad market concerns persisted during 2012 , fixed income , currency and commodities client execution operated in a generally improved environment characterized by tighter credit spreads and less challenging market-making conditions compared with 2011 . net revenues in equities were $ 8.21 billion for 2012 , essentially unchanged compared with 2011 . net revenues in securities services were significantly higher compared with 2011 , reflecting a gain of approximately $ 500 million on the sale of our hedge fund administration business . in addition , equities client execution net revenues were higher than 2011 , primarily reflecting significantly higher results in cash products , principally due to increased levels of client activity . these increases were offset by lower commissions and fees , reflecting lower market volumes . during 2012 , equities operated in an environment generally characterized by an increase in global equity prices and lower volatility levels . the net loss attributable to the impact of changes in our own credit spreads on borrowings for which the fair value option was elected was $ 714 million ( $ 433 million and $ 281 million related to fixed income , currency and commodities client execution and equities client execution , respectively ) for 2012 , compared with a net gain of $ 596 million ( $ 399 million and $ 197 million related to fixed income , currency and commodities client execution and equities client execution , respectively ) for 2011 . during 2012 , institutional client services operated in an environment generally characterized by continued broad market concerns and uncertainties , although positive developments helped to improve market conditions . these developments included certain central bank actions to ease monetary policy and address funding risks for european financial institutions . in addition , the u.s . economy posted stable to improving economic data , including favorable developments in unemployment and housing . these improvements resulted in tighter credit spreads , higher global equity prices and lower levels of volatility . however , concerns about the outlook for the global economy and continued political uncertainty , particularly the political debate in the united states surrounding the fiscal cliff , generally resulted in client risk aversion and lower activity levels . also , uncertainty over financial regulatory reform persisted . if these concerns and uncertainties continue over the long term , net revenues in fixed income , currency and commodities client execution and equities would likely be negatively impacted . operating expenses were $ 12.48 billion for 2012 , 3% ( 3 % ) lower than 2011 , primarily due to lower brokerage , clearing , exchange and distribution fees , and lower impairment charges , partially offset by higher net provisions for litigation and regulatory proceedings . pre-tax earnings were $ 5.64 billion in 2012 , 27% ( 27 % ) higher than 2011 . 2011 versus 2010 . net revenues in institutional client services were $ 17.28 billion for 2011 , 21% ( 21 % ) lower than 2010 . net revenues in fixed income , currency and commodities client execution were $ 9.02 billion for 2011 , 34% ( 34 % ) lower than 2010 . although activity levels during 2011 were generally consistent with 2010 levels , and results were solid during the first quarter of 2011 , the environment during the remainder of 2011 was characterized by broad market concerns and uncertainty , resulting in volatile markets and significantly wider credit spreads , which contributed to difficult market-making conditions and led to reductions in risk by us and our clients . as a result of these conditions , net revenues across the franchise were lower , including significant declines in mortgages and credit products , compared with 2010 . 54 goldman sachs 2012 annual report .
Question: what is the growth rate in net revenues in 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: |
0.0225 | Context:results of operations for 2016 include : 1 ) $ 2836 million ( $ 1829 million net-of-tax ) of impairment and related charges primarily to write down the carrying values of the entergy wholesale commodities 2019 palisades , indian point 2 , and indian point 3 plants and related assets to their fair values ; 2 ) a reduction of income tax expense , net of unrecognized tax benefits , of $ 238 million as a result of a change in the tax classification of a legal entity that owned one of the entergy wholesale commodities nuclear power plants ; income tax benefits as a result of the settlement of the 2010-2011 irs audit , including a $ 75 million tax benefit recognized by entergy louisiana related to the treatment of the vidalia purchased power agreement and a $ 54 million net benefit recognized by entergy louisiana related to the treatment of proceeds received in 2010 for the financing of hurricane gustav and hurricane ike storm costs pursuant to louisiana act 55 ; and 3 ) a reduction in expenses of $ 100 million ( $ 64 million net-of-tax ) due to the effects of recording in 2016 the final court decisions in several lawsuits against the doe related to spent nuclear fuel storage costs . see note 14 to the financial statements for further discussion of the impairment and related charges , see note 3 to the financial statements for additional discussion of the income tax items , and see note 8 to the financial statements for discussion of the spent nuclear fuel litigation . net revenue utility following is an analysis of the change in net revenue comparing 2017 to 2016 . amount ( in millions ) .
||amount ( in millions )|
|2016 net revenue|$ 6179|
|retail electric price|91|
|regulatory credit resulting from reduction of thefederal corporate income tax rate|56|
|grand gulf recovery|27|
|louisiana act 55 financing savings obligation|17|
|volume/weather|-61 ( 61 )|
|other|9|
|2017 net revenue|$ 6318|
the retail electric price variance is primarily due to : 2022 the implementation of formula rate plan rates effective with the first billing cycle of january 2017 at entergy arkansas and an increase in base rates effective february 24 , 2016 , each as approved by the apsc . a significant portion of the base rate increase was related to the purchase of power block 2 of the union power station in march 2016 ; 2022 a provision recorded in 2016 related to the settlement of the waterford 3 replacement steam generator prudence review proceeding ; 2022 the implementation of the transmission cost recovery factor rider at entergy texas , effective september 2016 , and an increase in the transmission cost recovery factor rider rate , effective march 2017 , as approved by the puct ; and 2022 an increase in rates at entergy mississippi , as approved by the mpsc , effective with the first billing cycle of july 2016 . see note 2 to the financial statements for further discussion of the rate proceedings and the waterford 3 replacement steam generator prudence review proceeding . see note 14 to the financial statements for discussion of the union power station purchase . entergy corporation and subsidiaries management 2019s financial discussion and analysis .
Question: what is the percent change in net revenue 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: |
0.27179 | Context:five-year performance comparison 2013 the following graph provides an indicator of cumulative total shareholder returns for the corporation as compared to the peer group index ( described above ) , the dj trans , and the s&p 500 . the graph assumes that $ 100 was invested in the common stock of union pacific corporation and each index on december 31 , 2011 and that all dividends were reinvested . the information below is historical in nature and is not necessarily indicative of future performance . purchases of equity securities 2013 during 2016 , we repurchased 35686529 shares of our common stock at an average price of $ 88.36 . the following table presents common stock repurchases during each month for the fourth quarter of 2016 : period total number of shares purchased [a] average price paid per share total number of shares purchased as part of a publicly announced plan or program [b] maximum number of shares remaining under the plan or program [b] .
|period|total number of shares purchased [a]|average price paid per share|total number of shares purchased as part of a publicly announcedplan or program [b]|maximum number of shares remaining under the plan or program [b]|
|oct . 1 through oct . 31|3501308|$ 92.89|3452500|23769426|
|nov . 1 through nov . 30|2901167|95.68|2876067|20893359|
|dec . 1 through dec . 31|3296652|104.30|3296100|17597259|
|total|9699127|$ 97.60|9624667|n/a|
[a] total number of shares purchased during the quarter includes approximately 74460 shares delivered or attested to upc by employees to pay stock option exercise prices , satisfy excess tax withholding obligations for stock option exercises or vesting of retention units , and pay withholding obligations for vesting of retention shares . [b] effective january 1 , 2014 , our board of directors authorized the repurchase of up to 120 million shares of our common stock by december 31 , 2017 . these repurchases may be made on the open market or through other transactions . our management has sole discretion with respect to determining the timing and amount of these transactions . on november 17 , 2016 , our board of directors approved the early renewal of the share repurchase program , authorizing the repurchase of up to 120 million shares of our common stock by december 31 , 2020 . the new authorization was effective january 1 , 2017 , and replaces the previous authorization , which expired on december 31 , 2016. .
Question: during 2016 what was the percent of the number of shares bought in the fourth quarter | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
19.9 | Context:income was due primarily to the adoption of statement of position 03-1 , 201caccounting and reporting by insurance enterprises for certain nontraditional long-duration contracts and for separate accounts 201d ( 201csop 03-1 201d ) , which resulted in $ 1.6 billion of net investment income . 2003 compared to 2002 2014 revenues for the year ended december 31 , 2003 increased $ 2.3 billion over the comparable 2002 period . revenues increased due to earned premium growth within the business insurance , specialty commercial and personal lines segments , primarily as a result of earned pricing increases , higher earned premiums and net investment income in the retail products segment and net realized capital gains in 2003 as compared to net realized capital losses in 2002 . total benefits , claims and expenses increased $ 3.9 billion for the year ended december 31 , 2003 over the comparable prior year period primarily due to the company 2019s $ 2.6 billion asbestos reserve strengthening during the first quarter of 2003 and due to increases in the retail products segment associated with the growth in the individual annuity and institutional investments businesses . the net loss for the year ended december 31 , 2003 was primarily due to the company 2019s first quarter 2003 asbestos reserve strengthening of $ 1.7 billion , after-tax . included in net loss for the year ended december 31 , 2003 are $ 40 of after-tax expense related to the settlement of litigation with bancorp services , llc ( 201cbancorp 201d ) and $ 27 of severance charges , after-tax , in property & casualty . included in net income for the year ended december 31 , 2002 are the $ 8 after-tax benefit recognized by hartford life , inc . ( 201chli 201d ) related to the reduction of hli 2019s reserves associated with september 11 and $ 11 of after-tax expense related to litigation with bancorp . net realized capital gains and losses see 201cinvestment results 201d in the investments section . income taxes the effective tax rate for 2004 , 2003 and 2002 was 15% ( 15 % ) , 83% ( 83 % ) and 6% ( 6 % ) , respectively . the principal causes of the difference between the effective rates and the u.s . statutory rate of 35% ( 35 % ) were tax-exempt interest earned on invested assets , the dividends-received deduction , the tax benefit associated with the settlement of the 1998-2001 irs audit in 2004 and the tax benefit associated with the settlement of the 1996-1997 irs audit in 2002 . income taxes paid ( received ) in 2004 , 2003 and 2002 were $ 32 , ( $ 107 ) and ( $ 102 ) respectively . for additional information , see note 13 of notes to consolidated financial statements . per common share the following table represents earnings per common share data for the past three years: .
||2004|2003|2002|
|basic earnings ( loss ) per share|$ 7.24|$ -0.33 ( 0.33 )|$ 4.01|
|diluted earnings ( loss ) per share [1]|$ 7.12|$ -0.33 ( 0.33 )|$ 3.97|
|weighted average common shares outstanding ( basic )|292.3|272.4|249.4|
|weighted average common shares outstanding and dilutivepotential common shares ( diluted ) [1]|297.0|272.4|251.8|
[1] as a result of the net loss for the year ended december 31 , 2003 , sfas no . 128 , 201cearnings per share 201d , requires the company to use basic weighted average common shares outstanding in the calculation of the year ended december 31 , 2003 diluted earnings ( loss ) per share , since the inclusion of options of 1.8 would have been antidilutive to the earnings per share calculation . in the absence of the net loss , weighted average common shares outstanding and dilutive potential common shares would have totaled 274.2 . executive overview the company provides investment and retirement products such as variable and fixed annuities , mutual funds and retirement plan services and other institutional products ; individual and corporate owned life insurance ; and , group benefit products , such as group life and group disability insurance . the company derives its revenues principally from : ( a ) fee income , including asset management fees , on separate account and mutual fund assets and mortality and expense fees , as well as cost of insurance charges ; ( b ) net investment income on general account assets ; ( c ) fully insured premiums ; and ( d ) certain other fees . asset management fees and mortality and expense fees are primarily generated from separate account assets , which are deposited with the company through the sale of variable annuity and variable universal life products and from mutual funds . cost of insurance charges are assessed on the net amount at risk for investment-oriented life insurance products . premium revenues are derived primarily from the sale of group life , and group disability and individual term insurance products . the company 2019s expenses essentially consist of interest credited to policyholders on general account liabilities , insurance benefits provided , amortization of the deferred policy acquisition costs , expenses related to the selling and servicing the various products offered by the company , dividends to policyholders , and other general business expenses. .
Question: what is the net change in the number of outstanding shares from 2003 to 2004 , ( 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: |
1.7234 | Context:2018 emerson annual report | 37 inco me taxes the provision for income taxes is based on pretax income reported in the consolidated statements of earnings and tax rates currently enacted in each jurisdiction . certain income and expense items are recognized in different time periods for financial reporting and income tax filing purposes , and deferred income taxes are provided for the effect of temporary differences . the company also provides for foreign withholding taxes and any applicable u.s . income taxes on earnings intended to be repatriated from non-u.s . locations . no provision has been made for these taxes on approximately $ 3.4 billion of undistributed earnings of non-u.s . subsidiaries as of september 30 , 2018 , as these earnings are considered indefinitely invested or otherwise retained for continuing international operations . recognition of foreign withholding taxes and any applicable u.s . income taxes on undistributed non-u.s . earnings would be triggered by a management decision to repatriate those earnings . determination of the amount of taxes that might be paid on these undistributed earnings if eventually remitted is not practicable . see note 14 . ( 2 ) weighted-average common shares basic earnings per common share consider only the weighted-average of common shares outstanding while diluted earnings per common share also consider the dilutive effects of stock options and incentive shares . an inconsequential number of shares of common stock were excluded from the computation of dilutive earnings per in 2018 as the effect would have been antidilutive , while 4.5 million and 13.3 million shares of common stock were excluded in 2017 and 2016 , respectively . earnings allocated to participating securities were inconsequential for all years presented . reconciliations of weighted-average shares for basic and diluted earnings per common share follow ( shares in millions ) : 2016 2017 2018 .
||2016|2017|2018|
|basic shares outstanding|644.0|642.1|632.0|
|dilutive shares|2.8|1.3|3.3|
|diluted shares outstanding|646.8|643.4|635.3|
( 3 ) acquisitions and divestitures on july 17 , 2018 , the company completed the acquisition of aventics , a global provider of smart pneumatics technologies that power machine and factory automation applications , for $ 622 , net of cash acquired . this business , which has annual sales of approximately $ 425 , is reported in the industrial solutions product offering in the automation solutions segment . the company recognized goodwill of $ 358 ( $ 20 of which is expected to be tax deductible ) , and identifiable intangible assets of $ 278 , primarily intellectual property and customer relationships with a weighted-average useful life of approximately 12 years . on july 2 , 2018 , the company completed the acquisition of textron 2019s tools and test equipment business for $ 810 , net of cash acquired . this business , with annual sales of approximately $ 470 , is a manufacturer of electrical and utility tools , diagnostics , and test and measurement instruments , and is reported in the tools & home products segment . the company recognized goodwill of $ 374 ( $ 17 of which is expected to be tax deductible ) , and identifiable intangible assets of $ 358 , primarily intellectual property and customer relationships with a weighted-average useful life of approximately 14 years . on december 1 , 2017 , the company acquired paradigm , a provider of software solutions for the oil and gas industry , for $ 505 , net of cash acquired . this business had annual sales of approximately $ 140 and is included in the measurement & analytical instrumentation product offering within automation solutions . the company recognized goodwill of $ 328 ( $ 160 of which is expected to be tax deductible ) , and identifiable intangible assets of $ 238 , primarily intellectual property and customer relationships with a weighted-average useful life of approximately 11 years . during 2018 , the company also acquired four smaller businesses , two in the automation solutions segment and two in the climate technologies segment. .
Question: for the textron 2019s tools and test equipment business acquisition what was the ratio of price paid to annual sales? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
1.53698 | Context:american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) the following table illustrates the effect on net loss and net loss per share if the company had applied the fair value recognition provisions of sfas no . 123 to stock-based compensation . the estimated fair value of each option is calculated using the black-scholes option-pricing model ( in thousands , except per share amounts ) : .
||2002|2001|2000|
|net loss as reported|$ -1141879 ( 1141879 )|$ -450094 ( 450094 )|$ -194628 ( 194628 )|
|less : total stock-based employee compensation expense determined under fair value basedmethod for all awards net of related tax effect|-38126 ( 38126 )|-50540 ( 50540 )|-51186 ( 51186 )|
|pro-forma net loss|$ -1180005 ( 1180005 )|$ -500634 ( 500634 )|$ -245814 ( 245814 )|
|basic and diluted net loss per share 2014as reported|$ -5.84 ( 5.84 )|$ -2.35 ( 2.35 )|$ -1.15 ( 1.15 )|
|basic and diluted net loss per share 2014pro-forma|$ -6.04 ( 6.04 )|$ -2.61 ( 2.61 )|$ -1.46 ( 1.46 )|
fair value of financial instruments 2014as of december 31 , 2002 , the carrying amounts of the company 2019s 5.0% ( 5.0 % ) convertible notes , the 2.25% ( 2.25 % ) convertible notes , the 6.25% ( 6.25 % ) convertible notes and the senior notes were approximately $ 450.0 million , $ 210.9 million , $ 212.7 million and $ 1.0 billion , respectively , and the fair values of such notes were $ 291.4 million , $ 187.2 million , $ 144.4 million and $ 780.0 million , respectively . as of december 31 , 2001 , the carrying amount of the company 2019s 5.0% ( 5.0 % ) convertible notes , the 2.25% ( 2.25 % ) convertible notes , the 6.25% ( 6.25 % ) convertible notes and the senior notes were approximately $ 450.0 million , $ 204.1 million , $ 212.8 million and $ 1.0 billion , respectively , and the fair values of such notes were $ 268.3 million , $ 173.1 million , $ 158.2 million and $ 805.0 million , respectively . fair values were determined based on quoted market prices . the carrying values of all other financial instruments reasonably approximate the related fair values as of december 31 , 2002 and 2001 . retirement plan 2014the company has a 401 ( k ) plan covering substantially all employees who meet certain age and employment requirements . under the plan , the company matches 35% ( 35 % ) of participants 2019 contributions up to a maximum 5% ( 5 % ) of a participant 2019s compensation . the company contributed approximately $ 979000 , $ 1540000 and $ 1593000 to the plan for the years ended december 31 , 2002 , 2001 and 2000 , respectively . recent accounting pronouncements 2014in june 2001 , the fasb issued sfas no . 143 , 201caccounting for asset retirement obligations . 201d this statement establishes accounting standards for the recognition and measurement of liabilities associated with the retirement of tangible long-lived assets and the related asset retirement costs . the requirements of sfas no . 143 are effective for the company as of january 1 , 2003 . the company will adopt this statement in the first quarter of 2003 and does not expect the impact of adopting this statement to have a material impact on its consolidated financial position or results of operations . in august 2001 , the fasb issued sfas no . 144 , 201caccounting for the impairment or disposal of long-lived assets . 201d sfas no . 144 supersedes sfas no . 121 , 201caccounting for the impairment of long-lived assets and for long-lived assets to be disposed of , 201d but retains many of its fundamental provisions . sfas no . 144 also clarifies certain measurement and classification issues from sfas no . 121 . in addition , sfas no . 144 supersedes the accounting and reporting provisions for the disposal of a business segment as found in apb no . 30 , 201creporting the results of operations 2014reporting the effects of disposal of a segment of a business and extraordinary , unusual and infrequently occurring events and transactions 201d . however , sfas no . 144 retains the requirement in apb no . 30 to separately report discontinued operations , and broadens the scope of such requirement to include more types of disposal transactions . the scope of sfas no . 144 excludes goodwill and other intangible assets that are not to be amortized , as the accounting for such items is prescribed by sfas no . 142 . the company implemented sfas no . 144 on january 1 , 2002 . accordingly , all relevant impairment assessments and decisions concerning discontinued operations have been made under this standard in 2002. .
Question: based on the black-scholes option-pricing model what was the percentage change in the net loss as reported from 2001 to 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: |
0.1014 | 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 81805 common stockholders of record as of january 31 , 2016 , 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 , 2015 . the graph and table assume that $ 100 was invested on december 31 , 2010 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-2010|100.00|100.00|100.00|
|30-dec-2011|55.67|102.11|82.94|
|31-dec-2012|83.81|118.45|106.84|
|31-dec-2013|110.49|156.82|144.90|
|31-dec-2014|114.83|178.28|166.93|
|31-dec-2015|110.14|180.75|164.39|
.
Question: what was the percentage cumulative total return of citi common stock for the five years ended 31-dec-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: |
0.63855 | Context:aeronautics our aeronautics business segment is engaged in the research , design , development , manufacture , integration , sustainment , support , and upgrade of advanced military aircraft , including combat and air mobility aircraft , unmanned air vehicles , and related technologies . aeronautics 2019 major programs include the f-35 lightning ii joint strike fighter , c-130 hercules , f-16 fighting falcon , f-22 raptor , and the c-5m super galaxy . aeronautics 2019 operating results included the following ( in millions ) : .
||2013|2012|2011|
|net sales|$ 14123|$ 14953|$ 14362|
|operating profit|1612|1699|1630|
|operating margins|11.4% ( 11.4 % )|11.4% ( 11.4 % )|11.3% ( 11.3 % )|
|backlog at year-end|28000|30100|30500|
2013 compared to 2012 aeronautics 2019 net sales for 2013 decreased $ 830 million , or 6% ( 6 % ) , compared to 2012 . the decrease was primarily attributable to lower net sales of approximately $ 530 million for the f-16 program due to fewer aircraft deliveries ( 13 aircraft delivered in 2013 compared to 37 delivered in 2012 ) partially offset by aircraft configuration mix ; about $ 385 million for the c-130 program due to fewer aircraft deliveries ( 25 aircraft delivered in 2013 compared to 34 in 2012 ) partially offset by increased sustainment activities ; approximately $ 255 million for the f-22 program , which includes about $ 205 million due to decreased production volume as final aircraft deliveries were completed during the second quarter of 2012 and $ 50 million from the favorable resolution of a contractual matter during the second quarter of 2012 ; and about $ 270 million for various other programs ( primarily sustainment activities ) due to decreased volume . the decreases were partially offset by higher net sales of about $ 295 million for f-35 production contracts due to increased production volume and risk retirements ; approximately $ 245 million for the c-5 program due to increased aircraft deliveries ( six aircraft delivered in 2013 compared to four in 2012 ) and other modernization activities ; and about $ 70 million for the f-35 development contract due to increased volume . aeronautics 2019 operating profit for 2013 decreased $ 87 million , or 5% ( 5 % ) , compared to 2012 . the decrease was primarily attributable to lower operating profit of about $ 85 million for the f-22 program , which includes approximately $ 50 million from the favorable resolution of a contractual matter in the second quarter of 2012 and about $ 35 million due to decreased risk retirements and production volume ; approximately $ 70 million for the c-130 program due to lower risk retirements and fewer deliveries partially offset by increased sustainment activities ; about $ 65 million for the c-5 program due to the inception-to-date effect of reducing the profit booking rate in the third quarter of 2013 and lower risk retirements ; approximately $ 35 million for the f-16 program due to fewer aircraft deliveries partially offset by increased sustainment activity and aircraft configuration mix . the decreases were partially offset by higher operating profit of approximately $ 180 million for f-35 production contracts due to increased risk retirements and volume . operating profit was comparable for the f-35 development contract and included adjustments of approximately $ 85 million to reflect the inception-to-date impacts of the downward revisions to the profit booking rate in both 2013 and 2012 . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 75 million lower for 2013 compared to 2012 compared to 2011 aeronautics 2019 net sales for 2012 increased $ 591 million , or 4% ( 4 % ) , compared to 2011 . the increase was attributable to higher net sales of approximately $ 745 million from f-35 production contracts principally due to increased production volume ; about $ 285 million from f-16 programs primarily due to higher aircraft deliveries ( 37 f-16 aircraft delivered in 2012 compared to 22 in 2011 ) partially offset by lower volume on sustainment activities due to the completion of modification programs for certain international customers ; and approximately $ 140 million from c-5 programs due to higher aircraft deliveries ( four c-5m aircraft delivered in 2012 compared to two in 2011 ) . partially offsetting the increases were lower net sales of approximately $ 365 million from decreased production volume and lower risk retirements on the f-22 program as final aircraft deliveries were completed in the second quarter of 2012 ; approximately $ 110 million from the f-35 development contract primarily due to the inception-to-date effect of reducing the profit booking rate in the second quarter of 2012 and to a lesser extent lower volume ; and about $ 95 million from a decrease in volume on other sustainment activities partially offset by various other aeronautics programs due to higher volume . net sales for c-130 programs were comparable to 2011 as a decline in sustainment activities largely was offset by increased aircraft deliveries. .
Question: as part of the total decrease of aeronautics 2019 net sales for 2013 what was the percent of the potential factor based on the lower sales of | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
2.33333 | Context:there were no options granted in excess of market value in 2011 , 2010 or 2009 . shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 33775543 at december 31 , 2011 . total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 35304422 shares at december 31 , 2011 , which includes shares available for issuance under the incentive plans and the employee stock purchase plan ( espp ) as described below . during 2011 , we issued 731336 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 2011 , 2010 and 2009 include 27090 , 29040 , and 39552 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 2011 , we incorporated two changes to certain awards under our existing long-term incentive compensation programs . first , for certain grants of incentive performance units , the future payout amount will be subject to a negative annual adjustment if pnc fails to meet certain risk-related performance metrics . this adjustment is in addition to the existing financial performance metrics relative to our peers . these grants have a three-year performance period and are payable in either stock or a combination of stock and cash . second , performance-based restricted share units ( performance rsus ) were granted in 2011 to certain of our executives in lieu of stock options . these performance rsus ( which are payable solely in stock ) have a service condition , an internal risk-related performance condition , and an external market condition . satisfaction of the performance condition is based on four independent one-year performance periods . the weighted-average grant-date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2011 , 2010 and 2009 was $ 63.25 , $ 54.59 and $ 41.16 per share , respectively . we recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program . 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 2010|nonvested incentive/ performance unit shares 363|weighted- average grant date fair value $ 56.40|nonvested restricted stock/ unit shares 2250|weighted- average grant date fair value $ 49.95|
|granted|623|64.21|1059|62.68|
|vested|-156 ( 156 )|59.54|-706 ( 706 )|51.27|
|forfeited|||-91 ( 91 )|52.24|
|december 31 2011|830|$ 61.68|2512|$ 54.87|
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 , 2011 , there was $ 61 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 2011 , 2010 and 2009 was approximately $ 52 million , $ 39 million and $ 47 million , respectively . liability awards we grant annually cash-payable restricted share units to certain executives . the grants were made primarily as part of an annual bonus incentive deferral plan . while there are time- based and service-related vesting criteria , there are no market or performance criteria associated with these awards . compensation expense recognized related to these awards was recorded in prior periods as part of annual cash bonus criteria . as of december 31 , 2011 , there were 753203 of these cash- payable restricted share units outstanding . 174 the pnc financial services group , inc . 2013 form 10-k .
Question: what was the percentage change in the total fair value of incentive/performance unit share and restricted stock/unit awards 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: |
0.0 | Context:the aggregate changes in the balance of gross unrecognized tax benefits , which excludes interest and penalties , for 2012 , 2011 , and 2010 , is as follows ( in millions ) : .
||2012|2011|2010|
|beginning balance|$ 1375|$ 943|$ 971|
|increases related to tax positions taken during a prior year|340|49|61|
|decreases related to tax positions taken during a prior year|-107 ( 107 )|-39 ( 39 )|-224 ( 224 )|
|increases related to tax positions taken during the current year|467|425|240|
|decreases related to settlements with taxing authorities|-3 ( 3 )|0|-102 ( 102 )|
|decreases related to expiration of statute of limitations|-10 ( 10 )|-3 ( 3 )|-3 ( 3 )|
|ending balance|$ 2062|$ 1375|$ 943|
the company includes interest and penalties related to unrecognized tax benefits within the provision for income taxes . as of september 29 , 2012 and september 24 , 2011 , the total amount of gross interest and penalties accrued was $ 401 million and $ 261 million , respectively , which is classified as non-current liabilities in the consolidated balance sheets . in connection with tax matters , the company recognized interest expense in 2012 and 2011 of $ 140 million and $ 14 million , respectively , and in 2010 the company recognized an interest benefit of $ 43 million . the company is subject to taxation and files income tax returns in the u.s . federal jurisdiction and in many state and foreign jurisdictions . for u.s . federal income tax purposes , all years prior to 2004 are closed . the internal revenue service ( the 201cirs 201d ) has completed its field audit of the company 2019s federal income tax returns for the years 2004 through 2006 and proposed certain adjustments . the company has contested certain of these adjustments through the irs appeals office . the irs is currently examining the years 2007 through 2009 . in addition , the company is also subject to audits by state , local and foreign tax authorities . in major states and major foreign jurisdictions , the years subsequent to 1989 and 2002 , respectively , generally remain open and could be subject to examination by the taxing authorities . management believes that an adequate provision has been made for any adjustments that may result from tax examinations . however , the outcome of tax audits cannot be predicted with certainty . if any issues addressed in the company 2019s tax audits are resolved in a manner not consistent with management 2019s expectations , the company could be required to adjust its provision for income tax in the period such resolution occurs . although timing of the resolution and/or closure of audits is not certain , the company believes it is reasonably possible that tax audit resolutions could reduce its unrecognized tax benefits by between $ 120 million and $ 170 million in the next 12 months . note 6 2013 shareholders 2019 equity and share-based compensation preferred stock the company has five million shares of authorized preferred stock , none of which is issued or outstanding . under the terms of the company 2019s restated articles of incorporation , the board of directors is authorized to determine or alter the rights , preferences , privileges and restrictions of the company 2019s authorized but unissued shares of preferred stock . dividend and stock repurchase program in 2012 , the board of directors of the company approved a dividend policy pursuant to which it plans to make , subject to subsequent declaration , quarterly dividends of $ 2.65 per share . on july 24 , 2012 , the board of directors declared a dividend of $ 2.65 per share to shareholders of record as of the close of business on august 13 , 2012 . the company paid $ 2.5 billion in conjunction with this dividend on august 16 , 2012 . no dividends were declared in the first three quarters of 2012 or in 2011 and 2010. .
Question: in connection with tax matters , what was the increase in recognized interest expense between 2012 and 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: |
-0.06064 | Context:decreased production volume as final aircraft deliveries were completed during the second quarter of 2012 and $ 50 million from the favorable resolution of a contractual matter during the second quarter of 2012 ; and about $ 270 million for various other programs ( primarily sustainment activities ) due to decreased volume . the decreases were partially offset by higher net sales of about $ 295 million for f-35 production contracts due to increased production volume and risk retirements ; approximately $ 245 million for the c-5 program due to increased aircraft deliveries ( six aircraft delivered in 2013 compared to four in 2012 ) and other modernization activities ; and about $ 70 million for the f-35 development contract due to increased volume . aeronautics 2019 operating profit for 2013 decreased $ 87 million , or 5% ( 5 % ) , compared to 2012 . the decrease was primarily attributable to lower operating profit of about $ 85 million for the f-22 program , which includes approximately $ 50 million from the favorable resolution of a contractual matter in the second quarter of 2012 and about $ 35 million due to decreased risk retirements and production volume ; approximately $ 70 million for the c-130 program due to lower risk retirements and fewer deliveries partially offset by increased sustainment activities ; about $ 65 million for the c-5 program due to the inception-to-date effect of reducing the profit booking rate in the third quarter of 2013 and lower risk retirements ; approximately $ 35 million for the f-16 program due to fewer aircraft deliveries partially offset by increased sustainment activity and aircraft configuration mix . the decreases were partially offset by higher operating profit of approximately $ 180 million for f-35 production contracts due to increased risk retirements and volume . operating profit was comparable for the f-35 development contract and included adjustments of approximately $ 85 million to reflect the inception-to-date impacts of the downward revisions to the profit booking rate in both 2013 and 2012 . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 75 million lower for 2013 compared to backlog backlog decreased slightly in 2014 compared to 2013 primarily due to lower orders on f-16 and f-22 programs . backlog decreased in 2013 compared to 2012 mainly due to lower orders on f-16 , c-5 and c-130 programs , partially offset by higher orders on the f-35 program . trends we expect aeronautics 2019 2015 net sales to be comparable or slightly behind 2014 due to a decline in f-16 deliveries as well as a decline in f-35 development activity , partially offset by an increase in production contracts . operating profit is also expected to decrease in the low single digit range , due primarily to contract mix , resulting 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 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 ) : .
||2014|2013|2012|
|net sales|$ 7788|$ 8367|$ 8846|
|operating profit|699|759|808|
|operating margins|9.0% ( 9.0 % )|9.1% ( 9.1 % )|9.1% ( 9.1 % )|
|backlog at year-end|$ 8700|$ 8300|$ 8700|
2014 compared to 2013 is&gs 2019 net sales decreased $ 579 million , or 7% ( 7 % ) , for 2014 compared to 2013 . the decrease was primarily attributable to lower net sales of about $ 645 million for 2014 due to the wind-down or completion of certain programs , driven by reductions in direct warfighter support ( including jieddo and ptds ) and defense budgets tied to command and control programs ; and approximately $ 490 million for 2014 due to a decline in volume for various ongoing programs , which reflects lower funding levels and programs impacted by in-theater force reductions . the decreases were partially offset by higher net sales of about $ 550 million for 2014 due to the start-up of new programs , growth in recently awarded programs and integration of recently acquired companies. .
Question: what is the growth rate in operating profit from 2012 to 2013 for is&gs? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
87.9 | Context:management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) net cash used in investing activities during 2012 primarily related to payments for capital expenditures and acquisitions , partially offset by the net proceeds of $ 94.8 received from the sale of our remaining holdings in facebook . capital expenditures of $ 169.2 primarily related to computer hardware and software , and leasehold improvements . capital expenditures increased in 2012 compared to the prior year , primarily due to an increase in leasehold improvements made during the year . payments for acquisitions of $ 145.5 primarily related to payments for new acquisitions . financing activities net cash used in financing activities during 2013 primarily related to the purchase of long-term debt , the repurchase of our common stock , and payment of dividends . we redeemed all $ 600.0 in aggregate principal amount of our 10.00% ( 10.00 % ) notes . in addition , we repurchased 31.8 shares of our common stock for an aggregate cost of $ 481.8 , including fees , and made dividend payments of $ 126.0 on our common stock . net cash provided by financing activities during 2012 primarily reflected net proceeds from our debt transactions . we issued $ 300.0 in aggregate principal amount of 2.25% ( 2.25 % ) senior notes due 2017 ( the 201c2.25% ( 201c2.25 % ) notes 201d ) , $ 500.0 in aggregate principal amount of 3.75% ( 3.75 % ) senior notes due 2023 ( the 201c3.75% ( 201c3.75 % ) notes 201d ) and $ 250.0 in aggregate principal amount of 4.00% ( 4.00 % ) senior notes due 2022 ( the 201c4.00% ( 201c4.00 % ) notes 201d ) . the proceeds from the issuance of the 4.00% ( 4.00 % ) notes were applied towards the repurchase and redemption of $ 399.6 in aggregate principal amount of our 4.25% ( 4.25 % ) notes . offsetting the net proceeds from our debt transactions was the repurchase of 32.7 shares of our common stock for an aggregate cost of $ 350.5 , including fees , and dividend payments of $ 103.4 on our common stock . 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 $ 94.1 in 2013 . the decrease was primarily a result of the u.s . dollar being stronger than several foreign currencies , including the australian dollar , brazilian real , japanese yen , canadian dollar and south african rand as of december 31 , 2013 compared to december 31 , 2012 . 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 $ 6.2 in 2012 . the decrease was a result of the u.s . dollar being stronger than several foreign currencies , including the brazilian real and south african rand , offset by the u.s . dollar being weaker than other foreign currencies , including the australian dollar , british pound and the euro , as of as of december 31 , 2012 compared to december 31 , 2011. .
|balance sheet data|december 31 , 2013|december 31 , 2012|
|cash cash equivalents and marketable securities|$ 1642.1|$ 2590.8|
|short-term borrowings|$ 179.1|$ 172.1|
|current portion of long-term debt|353.6|216.6|
|long-term debt|1129.8|2060.8|
|total debt|$ 1662.5|$ 2449.5|
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. .
Question: how much more of a decrease cash was a result of foreign exchange in 2013 compared 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: |
-0.5564 | Context:performance graph the following graph shows a five-year comparison of the cumulative total return on our common stock , the nasdaq composite index , the s&p 500 index and the s&p 500 information technology index from april 24 , 2009 through april 25 , 2014 . the past performance of our common stock is not indicative of the future performance of our common stock . comparison of 5 year cumulative total return* among netapp , inc. , the nasdaq composite index , the s&p 500 index and the s&p 500 information technology index .
||4/09|4/10|4/11|4/12|4/13|4/14|
|netapp inc .|$ 100.00|$ 189.45|$ 284.75|$ 212.19|$ 190.66|$ 197.58|
|nasdaq composite|100.00|144.63|170.44|182.57|202.25|253.22|
|s&p 500|100.00|138.84|162.75|170.49|199.29|240.02|
|s&p 500 information technology|100.00|143.49|162.37|186.06|189.18|236.12|
we believe that a number of factors may cause the market price of our common stock to fluctuate significantly . see 201citem 1a . risk factors . 201d sale of unregistered securities .
Question: what was the difference in percentage cumulative total return for the five year period ending 4/14 between netapp inc . and the nasdaq composite? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
7288.0 | Context:mfc 2019s operating profit for 2013 increased $ 175 million , or 14% ( 14 % ) , compared to 2012 . the increase was primarily attributable to higher operating profit of approximately $ 85 million for air and missile defense programs ( thaad and pac-3 ) due to increased risk retirements and volume ; about $ 85 million for fire control programs ( sniper ae , lantirn ae and apache ) due to increased risk retirements and higher volume ; and approximately $ 75 million for tactical missile programs ( hellfire and various programs ) due to increased risk retirements . the increases were partially offset by lower operating profit of about $ 45 million for the resolution of contractual matters in the second quarter of 2012 ; and approximately $ 15 million for various technical services programs due to lower volume partially offset by increased risk retirements . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 100 million higher for 2013 compared to 2012 . 2012 compared to 2011 mfc 2019s net sales for 2012 were comparable to 2011 . net sales decreased approximately $ 130 million due to lower volume and risk retirements on various services programs , and about $ 60 million due to lower volume from fire control systems programs ( primarily sniper ae ; lantirn ae ; and apache ) . the decreases largely were offset by higher net sales of approximately $ 95 million due to higher volume from tactical missile programs ( primarily javelin and hellfire ) and approximately $ 80 million for air and missile defense programs ( primarily pac-3 and thaad ) . mfc 2019s operating profit for 2012 increased $ 187 million , or 17% ( 17 % ) , compared to 2011 . the increase was attributable to higher risk retirements and volume of about $ 95 million from tactical missile programs ( primarily javelin and hellfire ) ; increased risk retirements and volume of approximately $ 60 million for air and missile defense programs ( primarily thaad and pac-3 ) ; and about $ 45 million from a resolution of contractual matters . partially offsetting these increases was lower risk retirements and volume on various programs , including $ 25 million for services programs . adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 145 million higher for 2012 compared to 2011 . backlog backlog increased in 2013 compared to 2012 mainly due to higher orders on the thaad program and lower sales volume compared to new orders on certain fire control systems programs in 2013 , partially offset by lower orders on technical services programs and certain tactical missile programs . backlog increased in 2012 compared to 2011 mainly due to increased orders and lower sales on fire control systems programs ( primarily lantirn ae and sniper ae ) and on various services programs , partially offset by lower orders and higher sales volume on tactical missiles programs . trends we expect mfc 2019s net sales to be flat to slightly down in 2014 compared to 2013 , primarily due to a decrease in net sales on technical services programs partially offset by an increase in net sales from missiles and fire control programs . operating profit is expected to decrease in the high single digit percentage range , driven by a reduction in expected risk retirements in 2014 . accordingly , operating profit margin is expected to slightly decline from 2013 . mission systems and training our mst business segment provides ship and submarine mission and combat systems ; mission systems and sensors for rotary and fixed-wing aircraft ; sea and land-based missile defense systems ; radar systems ; littoral combat ships ; simulation and training services ; and unmanned systems and technologies . mst 2019s major programs include aegis combat system ( aegis ) , lcs , mh-60 , tpq-53 radar system , and mk-41 vertical launching system ( vls ) . mst 2019s operating results included the following ( in millions ) : .
||2013|2012|2011|
|net sales|$ 7153|$ 7579|$ 7132|
|operating profit|905|737|645|
|operating margins|12.7% ( 12.7 % )|9.7% ( 9.7 % )|9.0% ( 9.0 % )|
|backlog at year-end|10800|10700|10500|
2013 compared to 2012 mst 2019s net sales for 2013 decreased $ 426 million , or 6% ( 6 % ) , compared to 2012 . the decrease was primarily attributable to lower net sales of approximately $ 275 million for various ship and aviation systems programs due to lower volume .
Question: what were average net sales from 2011 to 2013 for mst 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: |
0.28654 | Context:commodities purchased for use in our supply chain . we manage our exposures through a combination of purchase orders , long-term contracts with suppliers , exchange-traded futures and options , and over-the-counter options and swaps . we offset our exposures based on current and projected market conditions and generally seek to acquire the inputs at as close to our planned cost as possible . we use derivatives to manage our exposure to changes in commodity prices . we do not perform the assessments required to achieve hedge accounting for commodity derivative positions . accordingly , the changes in the values of these derivatives are recorded currently in cost of sales in our consolidated statements of earnings . although we do not meet the criteria for cash flow hedge accounting , we believe that these instruments are effective in achieving our objective of providing certainty in the future price of commodities purchased for use in our supply chain . accordingly , for purposes of measuring segment operating performance these gains and losses are reported in unallocated corporate items outside of segment operating results until such time that the exposure we are managing affects earnings . at that time we reclassify the gain or loss from unallocated corporate items to segment operating profit , allowing our operating segments to realize the economic effects of the derivative without experiencing any resulting mark-to-market volatility , which remains in unallocated corporate items . unallocated corporate items for fiscal 2019 , 2018 and 2017 included: .
|in millions|fiscal year 2019|fiscal year 2018|fiscal year 2017|
|net gain ( loss ) onmark-to-marketvaluation of commodity positions|$ -39.0 ( 39.0 )|$ 14.3|$ -22.0 ( 22.0 )|
|net loss on commodity positions reclassified from unallocated corporate items to segmentoperating profit|10.0|11.3|32.0|
|netmark-to-marketrevaluation of certain grain inventories|-7.0 ( 7.0 )|6.5|3.9|
|netmark-to-marketvaluation of certain commodity positions recognized in unallocated corporate items|$ -36.0 ( 36.0 )|$ 32.1|$ 13.9|
net mark-to-market valuation of certain commodity positions recognized in unallocated corporate items $ ( 36.0 ) $ 32.1 $ 13.9 as of may 26 , 2019 , the net notional value of commodity derivatives was $ 312.5 million , of which $ 242.9 million related to agricultural inputs and $ 69.6 million related to energy inputs . these contracts relate to inputs that generally will be utilized within the next 12 months . interest rate risk we are exposed to interest rate volatility with regard to future issuances of fixed-rate debt , and existing and future issuances of floating-rate debt . primary exposures include u.s . treasury rates , libor , euribor , and commercial paper rates in the united states and europe . we use interest rate swaps , forward-starting interest rate swaps , and treasury locks to hedge our exposure to interest rate changes , to reduce the volatility of our financing costs , and to achieve a desired proportion of fixed rate versus floating-rate debt , based on current and projected market conditions . generally under these swaps , we agree with a counterparty to exchange the difference between fixed-rate and floating-rate interest amounts based on an agreed upon notional principal amount . floating interest rate exposures 2014 floating-to-fixed interest rate swaps are accounted for as cash flow hedges , as are all hedges of forecasted issuances of debt . effectiveness is assessed based on either the perfectly effective hypothetical derivative method or changes in the present value of interest payments on the underlying debt . effective gains and losses deferred to aoci are reclassified into earnings over the life of the associated debt . ineffective gains and losses are recorded as net interest . the amount of hedge ineffectiveness was less than $ 1 million in fiscal 2019 , a $ 2.6 million loss in fiscal 2018 , and less than $ 1 million in fiscal 2017 . fixed interest rate exposures 2014 fixed-to-floating interest rate swaps are accounted for as fair value hedges with effectiveness assessed based on changes in the fair value of the underlying debt and derivatives , using .
Question: what portion of the net notional value of commodity derivatives is related to energy inputs? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
37088.88889 | Context:unit shipments increased 49% ( 49 % ) to 217.4 million units in 2006 , compared to 146.0 million units in 2005 . the overall increase was driven by increased unit shipments of products for gsm , cdma and 3g technologies , partially offset by decreased unit shipments of products for iden technology . for the full year 2006 , unit shipments by the segment increased in all regions . due to the segment 2019s increase in unit shipments outpacing overall growth in the worldwide handset market , which grew approximately 20% ( 20 % ) in 2006 , the segment believes that it expanded its global handset market share to an estimated 22% ( 22 % ) for the full year 2006 . in 2006 , asp decreased approximately 11% ( 11 % ) compared to 2005 . the overall decrease in asp was driven primarily by changes in the geographic and product-tier mix of sales . by comparison , asp decreased approximately 10% ( 10 % ) in 2005 and increased approximately 15% ( 15 % ) in 2004 . asp is impacted by numerous factors , including product mix , market conditions and competitive product offerings , and asp trends often vary over time . in 2006 , the largest of the segment 2019s end customers ( including sales through distributors ) were china mobile , verizon , sprint nextel , cingular , and t-mobile . these five largest customers accounted for approximately 39% ( 39 % ) of the segment 2019s net sales in 2006 . besides selling directly to carriers and operators , the segment also sold products through a variety of third-party distributors and retailers , which accounted for approximately 38% ( 38 % ) of the segment 2019s net sales . the largest of these distributors was brightstar corporation . although the u.s . market continued to be the segment 2019s largest individual market , many of our customers , and more than 65% ( 65 % ) of the segment 2019s 2006 net sales , were outside the u.s . the largest of these international markets were china , brazil , the united kingdom and mexico . home and networks mobility segment the home and networks mobility segment designs , manufactures , sells , installs and services : ( i ) digital video , internet protocol ( 201cip 201d ) video and broadcast network interactive set-tops ( 201cdigital entertainment devices 201d ) , end-to- end video delivery solutions , broadband access infrastructure systems , and associated data and voice customer premise equipment ( 201cbroadband gateways 201d ) to cable television and telecom service providers ( collectively , referred to as the 201chome business 201d ) , and ( ii ) wireless access systems ( 201cwireless networks 201d ) , including cellular infrastructure systems and wireless broadband systems , to wireless service providers . in 2007 , the segment 2019s net sales represented 27% ( 27 % ) of the company 2019s consolidated net sales , compared to 21% ( 21 % ) in 2006 and 26% ( 26 % ) in 2005 . ( dollars in millions ) 2007 2006 2005 2007 20142006 2006 20142005 years ended december 31 percent change .
|( dollars in millions )|years ended december 31 2007|years ended december 31 2006|years ended december 31 2005|years ended december 31 2007 20142006|2006 20142005|
|segment net sales|$ 10014|$ 9164|$ 9037|9% ( 9 % )|1% ( 1 % )|
|operating earnings|709|787|1232|( 10 ) % ( % )|( 36 ) % ( % )|
segment results 20142007 compared to 2006 in 2007 , the segment 2019s net sales increased 9% ( 9 % ) to $ 10.0 billion , compared to $ 9.2 billion in 2006 . the 9% ( 9 % ) increase in net sales reflects a 27% ( 27 % ) increase in net sales in the home business , partially offset by a 1% ( 1 % ) decrease in net sales of wireless networks . net sales of digital entertainment devices increased approximately 43% ( 43 % ) , reflecting increased demand for digital set-tops , including hd/dvr set-tops and ip set-tops , partially offset by a decline in asp due to a product mix shift towards all-digital set-tops . unit shipments of digital entertainment devices increased 51% ( 51 % ) to 15.2 million units . net sales of broadband gateways increased approximately 6% ( 6 % ) , primarily due to higher net sales of data modems , driven by net sales from the netopia business acquired in february 2007 . net sales of wireless networks decreased 1% ( 1 % ) , primarily driven by lower net sales of iden and cdma infrastructure equipment , partially offset by higher net sales of gsm infrastructure equipment , despite competitive pricing pressure . on a geographic basis , the 9% ( 9 % ) increase in net sales reflects higher net sales in all geographic regions . the increase in net sales in north america was driven primarily by higher sales of digital entertainment devices , partially offset by lower net sales of iden and cdma infrastructure equipment . the increase in net sales in asia was primarily due to higher net sales of gsm infrastructure equipment , partially offset by lower net sales of cdma infrastructure equipment . the increase in net sales in emea was , primarily due to higher net sales of gsm infrastructure equipment , partially offset by lower demand for iden and cdma infrastructure equipment . net sales in north america continue to comprise a significant portion of the segment 2019s business , accounting for 52% ( 52 % ) of the segment 2019s total net sales in 2007 , compared to 56% ( 56 % ) of the segment 2019s total net sales in 2006 . 60 management 2019s discussion and analysis of financial condition and results of operations .
Question: in 2007what was the company 2019s consolidated net sales 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: |
0.09788 | Context:management 2019s discussion and analysis 102 jpmorgan chase & co./2016 annual report derivative contracts in the normal course of business , the firm uses derivative instruments predominantly for market-making activities . derivatives enable customers to manage exposures to fluctuations in interest rates , currencies and other markets . the firm also uses derivative instruments to manage its own credit and other market risk exposure . the nature of the counterparty and the settlement mechanism of the derivative affect the credit risk to which the firm is exposed . for otc derivatives the firm is exposed to the credit risk of the derivative counterparty . for exchange- traded derivatives ( 201cetd 201d ) , such as futures and options and 201ccleared 201d over-the-counter ( 201cotc-cleared 201d ) derivatives , the firm is generally exposed to the credit risk of the relevant ccp . where possible , the firm seeks to mitigate its credit risk exposures arising from derivative transactions through the use of legally enforceable master netting arrangements and collateral agreements . for further discussion of derivative contracts , counterparties and settlement types , see note 6 . the following table summarizes the net derivative receivables for the periods presented . derivative receivables .
|december 31 ( in millions )|2016|2015|
|interest rate|$ 28302|$ 26363|
|credit derivatives|1294|1423|
|foreign exchange|23271|17177|
|equity|4939|5529|
|commodity|6272|9185|
|total net of cash collateral|64078|59677|
|liquid securities and other cash collateral held against derivative receivables ( a )|-22705 ( 22705 )|-16580 ( 16580 )|
|total net of all collateral|$ 41373|$ 43097|
( a ) includes collateral related to derivative instruments where an appropriate legal opinion has not been either sought or obtained . derivative receivables reported on the consolidated balance sheets were $ 64.1 billion and $ 59.7 billion at december 31 , 2016 and 2015 , respectively . these amounts represent the fair value of the derivative contracts after giving effect to legally enforceable master netting agreements and cash collateral held by the firm . however , in management 2019s view , the appropriate measure of current credit risk should also take into consideration additional liquid securities ( primarily u.s . government and agency securities and other group of seven nations ( 201cg7 201d ) government bonds ) and other cash collateral held by the firm aggregating $ 22.7 billion and $ 16.6 billion at december 31 , 2016 and 2015 , respectively , that may be used as security when the fair value of the client 2019s exposure is in the firm 2019s favor . the change in derivative receivables was predominantly related to client-driven market-making activities in cib . the increase in derivative receivables reflected the impact of market movements , which increased foreign exchange receivables , partially offset by reduced commodity derivative receivables . in addition to the collateral described in the preceding paragraph , the firm also holds additional collateral ( primarily cash , g7 government securities , other liquid government-agency and guaranteed securities , and corporate debt and equity securities ) delivered by clients at the initiation of transactions , as well as collateral related to contracts that have a non-daily call frequency and collateral that the firm has agreed to return but has not yet settled as of the reporting date . although this collateral does not reduce the balances and is not included in the table above , it is available as security against potential exposure that could arise should the fair value of the client 2019s derivative transactions move in the firm 2019s favor . the derivative receivables fair value , net of all collateral , also does not include other credit enhancements , such as letters of credit . for additional information on the firm 2019s use of collateral agreements , see note 6 . while useful as a current view of credit exposure , the net fair value of the derivative receivables does not capture the potential future variability of that credit exposure . to capture the potential future variability of credit exposure , the firm calculates , on a client-by-client basis , three measures of potential derivatives-related credit loss : peak , derivative risk equivalent ( 201cdre 201d ) , and average exposure ( 201cavg 201d ) . these measures all incorporate netting and collateral benefits , where applicable . peak represents a conservative measure of potential exposure to a counterparty calculated in a manner that is broadly equivalent to a 97.5% ( 97.5 % ) confidence level over the life of the transaction . peak is the primary measure used by the firm for setting of credit limits for derivative transactions , senior management reporting and derivatives exposure management . dre exposure is a measure that expresses the risk of derivative exposure on a basis intended to be equivalent to the risk of loan exposures . dre is a less extreme measure of potential credit loss than peak and is used for aggregating derivative credit risk exposures with loans and other credit risk . finally , avg is a measure of the expected fair value of the firm 2019s derivative receivables at future time periods , including the benefit of collateral . avg exposure over the total life of the derivative contract is used as the primary metric for pricing purposes and is used to calculate credit capital and the cva , as further described below . the three year avg exposure was $ 31.1 billion and $ 32.4 billion at december 31 , 2016 and 2015 , respectively , compared with derivative receivables , net of all collateral , of $ 41.4 billion and $ 43.1 billion at december 31 , 2016 and 2015 , respectively . the fair value of the firm 2019s derivative receivables incorporates an adjustment , the cva , to reflect the credit quality of counterparties . the cva is based on the firm 2019s avg to a counterparty and the counterparty 2019s credit spread in the credit derivatives market . the primary components of changes in cva are credit spreads , new deal activity or unwinds , and changes in the underlying market environment . the firm believes that active risk management is essential to controlling the dynamic credit .
Question: commodity derivatives were how much of the 2016 total derivatives? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
4.0 | Context:entergy corporation and subsidiaries notes to financial statements ferc audit report , system energy initially recorded as a net regulatory asset the difference between the recovery of the lease payments and the amounts expensed for interest and depreciation and continues to record this difference as a regulatory asset or liability on an ongoing basis , resulting in a zero net balance for the regulatory asset at the end of the lease term . the amount was a net regulatory asset ( liability ) of ( $ 2.0 ) million and $ 60.6 million as of december 31 , 2011 and 2010 , respectively . as of december 31 , 2011 , system energy had future minimum lease payments ( reflecting an implicit rate of 5.13% ( 5.13 % ) ) , which are recorded as long-term debt as follows : amount ( in thousands ) .
||amount ( in thousands )|
|2012|$ 49959|
|2013|50546|
|2014|51637|
|2015|52253|
|2016|-|
|years thereafter|-|
|total|204395|
|less : amount representing interest|25611|
|present value of net minimum lease payments|$ 178784|
.
Question: in how many years will is the company expected to pay off all its future minimum lease payments? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.10538 | Context:higher average borrowings . additionally , the recapitalization that occurred late in the first quarter of 2005 resulted in a full year of interest in 2006 as compared to approximately ten months in 2005 . the increase in interest expense in 2005 as compared to 2004 also resulted from the recapitalization in 2005 . income tax expense income tax expense totaled $ 150.2 million , $ 116.1 million and $ 118.3 million for 2006 , 2005 and 2004 , respectively . this resulted in an effective tax rate of 37.2% ( 37.2 % ) , 37.2% ( 37.2 % ) and 37.6% ( 37.6 % ) for 2006 , 2005 and 2004 , respectively . net earnings net earnings totaled $ 259.1 million , $ 196.6 and $ 189.4 million for 2006 , 2005 and 2004 , respectively , or $ 1.37 , $ 1.53 and $ 1.48 per diluted share , respectively . segment results of operations transaction processing services ( in thousands ) .
||2006|2005|2004|
|processing and services revenues|$ 2458777|$ 1208430|$ 892033|
|cost of revenues|1914148|904124|667078|
|gross profit|544629|304306|224955|
|selling general and administrative expenses|171106|94889|99581|
|research and development costs|70879|85702|54038|
|operating income|$ 302644|$ 123715|$ 71336|
revenues for the transaction processing services segment are derived from three main revenue channels ; enterprise solutions , integrated financial solutions and international . revenues from transaction processing services totaled $ 2458.8 million , $ 1208.4 and $ 892.0 million for 2006 , 2005 and 2004 , respectively . the overall segment increase of $ 1250.4 million during 2006 , as compared to 2005 was primarily attributable to the certegy merger which contributed $ 1067.2 million to the overall increase . the majority of the remaining 2006 growth is attributable to organic growth within the historically owned integrated financial solutions and international revenue channels , with international including $ 31.9 million related to the newly formed business process outsourcing operation in brazil . the overall segment increase of $ 316.4 in 2005 as compared to 2004 results from the inclusion of a full year of results for the 2004 acquisitions of aurum , sanchez , kordoba , and intercept , which contributed $ 301.1 million of the increase . cost of revenues for the transaction processing services segment totaled $ 1914.1 million , $ 904.1 million and $ 667.1 million for 2006 , 2005 and 2004 , respectively . the overall segment increase of $ 1010.0 million during 2006 as compared to 2005 was primarily attributable to the certegy merger which contributed $ 848.2 million to the increase . gross profit as a percentage of revenues ( 201cgross margin 201d ) was 22.2% ( 22.2 % ) , 25.2% ( 25.2 % ) and 25.2% ( 25.2 % ) for 2006 , 2005 and 2004 , respectively . the decrease in gross profit in 2006 as compared to 2005 is primarily due to the february 1 , 2006 certegy merger , which businesses typically have lower margins than those of the historically owned fis businesses . incremental intangible asset amortization relating to the certegy merger also contributed to the decrease in gross margin . included in cost of revenues was depreciation and amortization of $ 272.4 million , $ 139.8 million , and $ 94.6 million for 2006 , 2005 and 2004 , respectively . selling , general and administrative expenses totaled $ 171.1 million , $ 94.9 million and $ 99.6 million for 2006 , 2005 and 2004 , respectively . the increase in 2006 compared to 2005 is primarily attributable to the certegy merger which contributed $ 73.7 million to the overall increase of $ 76.2 million . the decrease of $ 4.7 million in 2005 as compared to 2004 is primarily attributable to the effect of acquisition related costs in 2004 . included in selling , general and administrative expenses was depreciation and amortization of $ 11.0 million , $ 9.1 million and $ 2.3 million for 2006 , 2005 and 2004 , respectively. .
Question: what is the net margin 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: |
13549.0 | Context:hologic , inc . notes to consolidated financial statements ( continued ) ( in thousands , except per share data ) as part of the purchase price allocation , all intangible assets that were a part of the acquisition were identified and valued . it was determined that only customer relationship , trade name , developed technology and know how and in-process research and development had separately identifiable values . customer relationship represents suros large installed base that are expected to purchase disposable products on a regular basis . trade name represents the suros product names that the company intends to continue to use . developed technology and know how represents currently marketable purchased products that the company continues to resell as well as utilize to enhance and incorporate into the company 2019s existing products . the estimated $ 4900 of purchase price allocated to in-process research and development projects primarily related to suros 2019 disposable products . the projects were at various stages of completion and include next generation handpiece and site marker technologies . the company has continued to work on these projects and they are substantially complete as of september 27 , 2008 . the deferred income tax liability relates to the tax effect of acquired identifiable intangible assets , and fair value adjustments to acquired inventory as such amounts are not deductible for tax purposes , partially offset by acquired net operating loss carry forwards that the company believes are realizable . for all of the acquisitions discussed above , goodwill represents the excess of the purchase price over the net identifiable tangible and intangible assets acquired . the company determined that the acquisition of each aeg , biolucent , r2 and suros resulted in the recognition of goodwill primarily because of synergies unique to the company and the strength of its acquired workforce . supplemental unaudited pro-forma information the following unaudited pro forma information presents the consolidated results of operations of the company , r2 and suros as if the acquisitions had occurred at the beginning of fiscal 2006 , with pro forma adjustments to give effect to amortization of intangible assets , an increase in interest expense on acquisition financing and certain other adjustments together with related tax effects: .
||2006|
|net revenue|$ 524340|
|net income|$ 28649|
|net income per share 2014basic|$ 0.28|
|net income per share 2014assuming dilution|$ 0.17|
the $ 15100 charge for purchased research and development that was a direct result of these two transactions is excluded from the unaudited pro forma information above . the unaudited pro forma results are not necessarily indicative of the results that the company would have attained had the acquisitions of both r2 and suros occurred at the beginning of the periods presented . 4 . acquisition of intangible assets on september 29 , 2005 , pursuant to an asset purchase agreement between the company and fischer imaging corporation ( 201cfischer 201d ) , dated june 22 , 2005 , the company acquired the intellectual property and customer lists relating to fischer 2019s mammography business and products for $ 26900 in cash and cancellation of the principal and interest outstanding under a $ 5000 secured loan previously provided by the company to fischer . the aggregate purchase price for the fischer intellectual property and customer lists was approximately $ 33000 , which included approximately $ 1000 related to direct acquisition costs . in accordance with emerging issues task force issue no . 98-3 , determining whether a non-monetary transaction involved receipt of .
Question: what would pro forma net income have been if the charge for purchased research and development had been expensed? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.58507 | Context:issuer purchases of equity securities the following table provides information regarding purchases of our common stock that were made by us during the fourth quarter of 2011 . period total number of shares purchased ( 2 ) average price paid per share total number of shares purchased as part of publicly announced plans or programs ( 1 ) maximum dollar value of shares that may yet be purchased under the plans or programs ( 1 ) ( in millions ) .
|period|total number of shares purchased ( 2 )|average price paid per share|total number of shares purchased as part ofpublicly announced plans or programs ( 1 )|maximum dollar value of shares that may yetbe purchased under the plans or programs ( 1 ) ( in millions )|
|october 1 2013 october 31|3228557|$ 58.52|3227800|$ 108|
|november 1 2013 november 30|1813994|$ 66.38|1618110|$ 2014|
|december 1 2013 december 31|475685|$ 64.68|2014|$ 2014|
|total|5518236|$ 61.64|4845910||
( 1 ) in may 2010 , our board of directors approved a $ 3.5 billion share repurchase program . we completed this program in the fourth quarter of 2011 . in total , we repurchased 49.2 million common shares for $ 3.5 billion , or $ 71.18 per share , under this program . ( 2 ) during the fourth quarter of 2011 , we repurchased 672326 shares from company employees for the payment of personal income tax withholdings resulting from restricted stock vesting and stock option exercises . such repurchases are in addition to the $ 3.5 billion repurchase program . under the devon energy corporation incentive savings plan ( the 201cplan 201d ) , eligible employees may purchase shares of our common stock through an investment in the devon stock fund ( the 201cstock fund 201d ) , which is administered by an independent trustee , fidelity management trust company . eligible employees purchased approximately 45000 shares of our common stock in 2011 , at then-prevailing stock prices , that they held through their ownership in the stock fund . we acquired the shares of our common stock sold under the plan through open-market purchases . we filed a registration statement on form s-8 on january 26 , 2012 registering any offers and sales of interests in the plan or the stock fund and of the underlying shares of our common stock purchased by plan participants after that date . similarly , under the devon canada corporation savings plan ( the 201ccanadian plan 201d ) , eligible canadian employees may purchase shares of our common stock through an investment in the canadian plan , which is administered by an independent trustee , sun life assurance company of canada . eligible canadian employees purchased approximately 9000 shares of our common stock in 2011 , at then-prevailing stock prices , that they held through their ownership in the canadian plan . we acquired the shares sold under the canadian plan through open-market purchases . these shares and any interest in the canadian plan were offered and sold in reliance on the exemptions for offers and sales of securities made outside of the u.s. , including under regulation s for offers and sales of securities to employees pursuant to an employee benefit plan established and administered in accordance with the law of a country other than the u.s. .
Question: what percentage of total shares repurchased were purchased in october? | 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