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CONVFINQA3600 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
ireland . holdings ireland , everest dublin holdings , ireland re and ireland insurance conduct business in ireland and are subject to taxation in ireland . aavailable information . the company 2019s annual reports on form 10-k , quarterly reports on form 10-q , current reports on form 8-k , proxy statements and amendments to those reports are available free of charge through the company 2019s internet website at http://www.everestre.com as soon as reasonably practicable after such reports are electronically filed with the securities and exchange commission ( the 201csec 201d ) . item 1a . risk factors in addition to the other information provided in this report , the following risk factors should be considered when evaluating an investment in our securities . if the circumstances contemplated by the individual risk factors materialize , our business , financial condition and results of operations could be materially and adversely affected and the trading price of our common shares could decline significantly . risks relating to our business fluctuations in the financial markets could result in investment losses . prolonged and severe disruptions in the overall public and private debt and equity markets , such as occurred during 2008 , could result in significant realized and unrealized losses in our investment portfolio . although financial markets have significantly improved since 2008 , they could deteriorate in the future . there could also be disruption in individual market sectors , such as occurred in the energy sector in recent years . such declines in the financial markets could result in significant realized and unrealized losses on investments and could have a material adverse impact on our results of operations , equity , business and insurer financial strength and debt ratings . our results could be adversely affected by catastrophic events . we are exposed to unpredictable catastrophic events , including weather-related and other natural catastrophes , as well as acts of terrorism . any material reduction in our operating results caused by the occurrence of one or more catastrophes could inhibit our ability to pay dividends or to meet our interest and principal payment obligations . by way of illustration , during the past five calendar years , pre-tax catastrophe losses , net of reinsurance , were as follows: . <table class='wikitable'><tr><td>1</td><td>calendar year:</td><td>pre-tax catastrophe losses</td></tr><tr><td>2</td><td>( dollars in millions )</td><td>-</td></tr><tr><td>3</td><td>2018</td><td>$ 1800.2</td></tr><tr><td>4</td><td>2017</td><td>1472.6</td></tr><tr><td>5</td><td>2016</td><td>301.2</td></tr><tr><td>6</td><td>2015</td><td>53.8</td></tr><tr><td>7</td><td>2014</td><td>56.3</td></tr></table> our losses from future catastrophic events could exceed our projections . we use projections of possible losses from future catastrophic events of varying types and magnitudes as a strategic underwriting tool . we use these loss projections to estimate our potential catastrophe losses in certain geographic areas and decide on the placement of retrocessional coverage or other actions to limit the extent of potential losses in a given geographic area . these loss projections are approximations , reliant on a mix of quantitative and qualitative processes , and actual losses may exceed the projections by a material amount , resulting in a material adverse effect on our financial condition and results of operations. .
Question: what is the value of pre-tax catastrophe losses in 2018?
| 1800.2 |
CONVFINQA3601 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
ireland . holdings ireland , everest dublin holdings , ireland re and ireland insurance conduct business in ireland and are subject to taxation in ireland . aavailable information . the company 2019s annual reports on form 10-k , quarterly reports on form 10-q , current reports on form 8-k , proxy statements and amendments to those reports are available free of charge through the company 2019s internet website at http://www.everestre.com as soon as reasonably practicable after such reports are electronically filed with the securities and exchange commission ( the 201csec 201d ) . item 1a . risk factors in addition to the other information provided in this report , the following risk factors should be considered when evaluating an investment in our securities . if the circumstances contemplated by the individual risk factors materialize , our business , financial condition and results of operations could be materially and adversely affected and the trading price of our common shares could decline significantly . risks relating to our business fluctuations in the financial markets could result in investment losses . prolonged and severe disruptions in the overall public and private debt and equity markets , such as occurred during 2008 , could result in significant realized and unrealized losses in our investment portfolio . although financial markets have significantly improved since 2008 , they could deteriorate in the future . there could also be disruption in individual market sectors , such as occurred in the energy sector in recent years . such declines in the financial markets could result in significant realized and unrealized losses on investments and could have a material adverse impact on our results of operations , equity , business and insurer financial strength and debt ratings . our results could be adversely affected by catastrophic events . we are exposed to unpredictable catastrophic events , including weather-related and other natural catastrophes , as well as acts of terrorism . any material reduction in our operating results caused by the occurrence of one or more catastrophes could inhibit our ability to pay dividends or to meet our interest and principal payment obligations . by way of illustration , during the past five calendar years , pre-tax catastrophe losses , net of reinsurance , were as follows: . <table class='wikitable'><tr><td>1</td><td>calendar year:</td><td>pre-tax catastrophe losses</td></tr><tr><td>2</td><td>( dollars in millions )</td><td>-</td></tr><tr><td>3</td><td>2018</td><td>$ 1800.2</td></tr><tr><td>4</td><td>2017</td><td>1472.6</td></tr><tr><td>5</td><td>2016</td><td>301.2</td></tr><tr><td>6</td><td>2015</td><td>53.8</td></tr><tr><td>7</td><td>2014</td><td>56.3</td></tr></table> our losses from future catastrophic events could exceed our projections . we use projections of possible losses from future catastrophic events of varying types and magnitudes as a strategic underwriting tool . we use these loss projections to estimate our potential catastrophe losses in certain geographic areas and decide on the placement of retrocessional coverage or other actions to limit the extent of potential losses in a given geographic area . these loss projections are approximations , reliant on a mix of quantitative and qualitative processes , and actual losses may exceed the projections by a material amount , resulting in a material adverse effect on our financial condition and results of operations. .
Question: what is the value of pre-tax catastrophe losses in 2018?
Answer: 1800.2
Question: what is the value in 2017?
| 1472.6 |
CONVFINQA3602 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
ireland . holdings ireland , everest dublin holdings , ireland re and ireland insurance conduct business in ireland and are subject to taxation in ireland . aavailable information . the company 2019s annual reports on form 10-k , quarterly reports on form 10-q , current reports on form 8-k , proxy statements and amendments to those reports are available free of charge through the company 2019s internet website at http://www.everestre.com as soon as reasonably practicable after such reports are electronically filed with the securities and exchange commission ( the 201csec 201d ) . item 1a . risk factors in addition to the other information provided in this report , the following risk factors should be considered when evaluating an investment in our securities . if the circumstances contemplated by the individual risk factors materialize , our business , financial condition and results of operations could be materially and adversely affected and the trading price of our common shares could decline significantly . risks relating to our business fluctuations in the financial markets could result in investment losses . prolonged and severe disruptions in the overall public and private debt and equity markets , such as occurred during 2008 , could result in significant realized and unrealized losses in our investment portfolio . although financial markets have significantly improved since 2008 , they could deteriorate in the future . there could also be disruption in individual market sectors , such as occurred in the energy sector in recent years . such declines in the financial markets could result in significant realized and unrealized losses on investments and could have a material adverse impact on our results of operations , equity , business and insurer financial strength and debt ratings . our results could be adversely affected by catastrophic events . we are exposed to unpredictable catastrophic events , including weather-related and other natural catastrophes , as well as acts of terrorism . any material reduction in our operating results caused by the occurrence of one or more catastrophes could inhibit our ability to pay dividends or to meet our interest and principal payment obligations . by way of illustration , during the past five calendar years , pre-tax catastrophe losses , net of reinsurance , were as follows: . <table class='wikitable'><tr><td>1</td><td>calendar year:</td><td>pre-tax catastrophe losses</td></tr><tr><td>2</td><td>( dollars in millions )</td><td>-</td></tr><tr><td>3</td><td>2018</td><td>$ 1800.2</td></tr><tr><td>4</td><td>2017</td><td>1472.6</td></tr><tr><td>5</td><td>2016</td><td>301.2</td></tr><tr><td>6</td><td>2015</td><td>53.8</td></tr><tr><td>7</td><td>2014</td><td>56.3</td></tr></table> our losses from future catastrophic events could exceed our projections . we use projections of possible losses from future catastrophic events of varying types and magnitudes as a strategic underwriting tool . we use these loss projections to estimate our potential catastrophe losses in certain geographic areas and decide on the placement of retrocessional coverage or other actions to limit the extent of potential losses in a given geographic area . these loss projections are approximations , reliant on a mix of quantitative and qualitative processes , and actual losses may exceed the projections by a material amount , resulting in a material adverse effect on our financial condition and results of operations. .
Question: what is the value of pre-tax catastrophe losses in 2018?
Answer: 1800.2
Question: what is the value in 2017?
Answer: 1472.6
Question: what was the net change?
| 327.6 |
CONVFINQA3603 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
ireland . holdings ireland , everest dublin holdings , ireland re and ireland insurance conduct business in ireland and are subject to taxation in ireland . aavailable information . the company 2019s annual reports on form 10-k , quarterly reports on form 10-q , current reports on form 8-k , proxy statements and amendments to those reports are available free of charge through the company 2019s internet website at http://www.everestre.com as soon as reasonably practicable after such reports are electronically filed with the securities and exchange commission ( the 201csec 201d ) . item 1a . risk factors in addition to the other information provided in this report , the following risk factors should be considered when evaluating an investment in our securities . if the circumstances contemplated by the individual risk factors materialize , our business , financial condition and results of operations could be materially and adversely affected and the trading price of our common shares could decline significantly . risks relating to our business fluctuations in the financial markets could result in investment losses . prolonged and severe disruptions in the overall public and private debt and equity markets , such as occurred during 2008 , could result in significant realized and unrealized losses in our investment portfolio . although financial markets have significantly improved since 2008 , they could deteriorate in the future . there could also be disruption in individual market sectors , such as occurred in the energy sector in recent years . such declines in the financial markets could result in significant realized and unrealized losses on investments and could have a material adverse impact on our results of operations , equity , business and insurer financial strength and debt ratings . our results could be adversely affected by catastrophic events . we are exposed to unpredictable catastrophic events , including weather-related and other natural catastrophes , as well as acts of terrorism . any material reduction in our operating results caused by the occurrence of one or more catastrophes could inhibit our ability to pay dividends or to meet our interest and principal payment obligations . by way of illustration , during the past five calendar years , pre-tax catastrophe losses , net of reinsurance , were as follows: . <table class='wikitable'><tr><td>1</td><td>calendar year:</td><td>pre-tax catastrophe losses</td></tr><tr><td>2</td><td>( dollars in millions )</td><td>-</td></tr><tr><td>3</td><td>2018</td><td>$ 1800.2</td></tr><tr><td>4</td><td>2017</td><td>1472.6</td></tr><tr><td>5</td><td>2016</td><td>301.2</td></tr><tr><td>6</td><td>2015</td><td>53.8</td></tr><tr><td>7</td><td>2014</td><td>56.3</td></tr></table> our losses from future catastrophic events could exceed our projections . we use projections of possible losses from future catastrophic events of varying types and magnitudes as a strategic underwriting tool . we use these loss projections to estimate our potential catastrophe losses in certain geographic areas and decide on the placement of retrocessional coverage or other actions to limit the extent of potential losses in a given geographic area . these loss projections are approximations , reliant on a mix of quantitative and qualitative processes , and actual losses may exceed the projections by a material amount , resulting in a material adverse effect on our financial condition and results of operations. .
Question: what is the value of pre-tax catastrophe losses in 2018?
Answer: 1800.2
Question: what is the value in 2017?
Answer: 1472.6
Question: what was the net change?
Answer: 327.6
Question: what was the percent change?
| 0.22246 |
CONVFINQA3604 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
earnings were remitted as dividends after payment of all deferred taxes . as more than 90% ( 90 % ) of the undistributed earnings are in countries with a statutory tax rate of 24% ( 24 % ) or higher , we do not generate a disproportionate amount of taxable income in countries with very low tax rates . a reconciliation of the beginning and ending amount of the unrecognized tax benefits is as follows: . <table class='wikitable'><tr><td>1</td><td>unrecognized tax benefits</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>balance at beginning of year</td><td>$ 110.8</td><td>$ 126.4</td><td>$ 197.8</td></tr><tr><td>3</td><td>additions for tax positions of the current year</td><td>12.7</td><td>44.5</td><td>16.3</td></tr><tr><td>4</td><td>additions for tax positions of prior years</td><td>9.0</td><td>2.3</td><td>5.7</td></tr><tr><td>5</td><td>reductions for tax positions of prior years</td><td>-.5 ( .5 )</td><td>-46.9 ( 46.9 )</td><td>-72.4 ( 72.4 )</td></tr><tr><td>6</td><td>settlements</td><td>-1.4 ( 1.4 )</td><td>-11.0 ( 11.0 )</td><td>-15.6 ( 15.6 )</td></tr><tr><td>7</td><td>statute of limitations expiration</td><td>-8.0 ( 8.0 )</td><td>-3.7 ( 3.7 )</td><td>-4.8 ( 4.8 )</td></tr><tr><td>8</td><td>foreign currency translation</td><td>1.7</td><td>-.8 ( .8 )</td><td>-.6 ( .6 )</td></tr><tr><td>9</td><td>balance at end of year</td><td>$ 124.3</td><td>$ 110.8</td><td>$ 126.4</td></tr></table> at 30 september 2013 and 2012 , we had $ 124.3 and $ 110.8 of unrecognized tax benefits , excluding interest and penalties , of which $ 63.1 and $ 56.9 , respectively , would impact the effective tax rate if recognized . interest and penalties related to unrecognized tax benefits are recorded as a component of income tax expense and totaled $ 2.4 in 2013 , $ ( 26.1 ) in 2012 , and $ ( 2.4 ) in 2011 . our accrued balance for interest and penalties was $ 8.1 and $ 7.2 in 2013 and 2012 , respectively . we were challenged by the spanish tax authorities over income tax deductions taken by certain of our spanish subsidiaries during fiscal years 2005 20132011 . in november 2011 , we reached a settlement with the spanish tax authorities for 20ac41.3 million ( $ 56 ) in resolution of all tax issues under examination . this settlement increased our income tax expense for the fiscal year ended 30 september 2012 by $ 43.8 ( $ .20 per share ) and had a 3.3% ( 3.3 % ) impact on our effective tax rate . as a result of this settlement , we recorded a reduction in unrecognized tax benefits of $ 6.4 for tax positions taken in prior years and $ 11.0 for settlements . on 25 january 2012 , the spanish supreme court released its decision in favor of our spanish subsidiary related to certain tax transactions for years 1991 and 1992 , a period before we controlled this subsidiary . as a result , in the second quarter of 2012 , we recorded a reduction in income tax expense of $ 58.3 ( $ .27 per share ) , resulting in a 4.4% ( 4.4 % ) reduction in our effective tax rate for the fiscal year ended 30 september 2012 . as a result of this ruling , we recorded a reduction in unrecognized tax benefits of $ 38.3 for tax positions taken in prior years . during the third quarter of 2012 , our unrecognized tax benefits increased $ 33.3 as a result of certain tax positions taken in conjunction with the disposition of our homecare business . when resolved , these benefits will be recognized in 201cincome from discontinued operations , net of tax 201d on our consolidated income statements and will not impact our effective tax rate . for additional information , see note 3 , discontinued operations . in the third quarter of 2011 , a u.s . internal revenue service audit over tax years 2007 and 2008 was completed , resulting in a decrease in unrecognized tax benefits of $ 36.0 and a favorable impact to earnings of $ 23.9 . this included a tax benefit of $ 8.9 ( $ .04 per share ) recognized in income from discontinued operations for fiscal year 2011 , as it relates to the previously divested u.s . healthcare business . we are also currently under examination in a number of tax jurisdictions , some of which may be resolved in the next twelve months . as a result , it is reasonably possible that a change in the unrecognized tax benefits may occur during the next twelve months . however , quantification of an estimated range cannot be made at this time. .
Question: what is the balance at end of year 2013?
| 124.3 |
CONVFINQA3605 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
earnings were remitted as dividends after payment of all deferred taxes . as more than 90% ( 90 % ) of the undistributed earnings are in countries with a statutory tax rate of 24% ( 24 % ) or higher , we do not generate a disproportionate amount of taxable income in countries with very low tax rates . a reconciliation of the beginning and ending amount of the unrecognized tax benefits is as follows: . <table class='wikitable'><tr><td>1</td><td>unrecognized tax benefits</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>balance at beginning of year</td><td>$ 110.8</td><td>$ 126.4</td><td>$ 197.8</td></tr><tr><td>3</td><td>additions for tax positions of the current year</td><td>12.7</td><td>44.5</td><td>16.3</td></tr><tr><td>4</td><td>additions for tax positions of prior years</td><td>9.0</td><td>2.3</td><td>5.7</td></tr><tr><td>5</td><td>reductions for tax positions of prior years</td><td>-.5 ( .5 )</td><td>-46.9 ( 46.9 )</td><td>-72.4 ( 72.4 )</td></tr><tr><td>6</td><td>settlements</td><td>-1.4 ( 1.4 )</td><td>-11.0 ( 11.0 )</td><td>-15.6 ( 15.6 )</td></tr><tr><td>7</td><td>statute of limitations expiration</td><td>-8.0 ( 8.0 )</td><td>-3.7 ( 3.7 )</td><td>-4.8 ( 4.8 )</td></tr><tr><td>8</td><td>foreign currency translation</td><td>1.7</td><td>-.8 ( .8 )</td><td>-.6 ( .6 )</td></tr><tr><td>9</td><td>balance at end of year</td><td>$ 124.3</td><td>$ 110.8</td><td>$ 126.4</td></tr></table> at 30 september 2013 and 2012 , we had $ 124.3 and $ 110.8 of unrecognized tax benefits , excluding interest and penalties , of which $ 63.1 and $ 56.9 , respectively , would impact the effective tax rate if recognized . interest and penalties related to unrecognized tax benefits are recorded as a component of income tax expense and totaled $ 2.4 in 2013 , $ ( 26.1 ) in 2012 , and $ ( 2.4 ) in 2011 . our accrued balance for interest and penalties was $ 8.1 and $ 7.2 in 2013 and 2012 , respectively . we were challenged by the spanish tax authorities over income tax deductions taken by certain of our spanish subsidiaries during fiscal years 2005 20132011 . in november 2011 , we reached a settlement with the spanish tax authorities for 20ac41.3 million ( $ 56 ) in resolution of all tax issues under examination . this settlement increased our income tax expense for the fiscal year ended 30 september 2012 by $ 43.8 ( $ .20 per share ) and had a 3.3% ( 3.3 % ) impact on our effective tax rate . as a result of this settlement , we recorded a reduction in unrecognized tax benefits of $ 6.4 for tax positions taken in prior years and $ 11.0 for settlements . on 25 january 2012 , the spanish supreme court released its decision in favor of our spanish subsidiary related to certain tax transactions for years 1991 and 1992 , a period before we controlled this subsidiary . as a result , in the second quarter of 2012 , we recorded a reduction in income tax expense of $ 58.3 ( $ .27 per share ) , resulting in a 4.4% ( 4.4 % ) reduction in our effective tax rate for the fiscal year ended 30 september 2012 . as a result of this ruling , we recorded a reduction in unrecognized tax benefits of $ 38.3 for tax positions taken in prior years . during the third quarter of 2012 , our unrecognized tax benefits increased $ 33.3 as a result of certain tax positions taken in conjunction with the disposition of our homecare business . when resolved , these benefits will be recognized in 201cincome from discontinued operations , net of tax 201d on our consolidated income statements and will not impact our effective tax rate . for additional information , see note 3 , discontinued operations . in the third quarter of 2011 , a u.s . internal revenue service audit over tax years 2007 and 2008 was completed , resulting in a decrease in unrecognized tax benefits of $ 36.0 and a favorable impact to earnings of $ 23.9 . this included a tax benefit of $ 8.9 ( $ .04 per share ) recognized in income from discontinued operations for fiscal year 2011 , as it relates to the previously divested u.s . healthcare business . we are also currently under examination in a number of tax jurisdictions , some of which may be resolved in the next twelve months . as a result , it is reasonably possible that a change in the unrecognized tax benefits may occur during the next twelve months . however , quantification of an estimated range cannot be made at this time. .
Question: what is the balance at end of year 2013?
Answer: 124.3
Question: and that of 2012?
| 110.8 |
CONVFINQA3606 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
earnings were remitted as dividends after payment of all deferred taxes . as more than 90% ( 90 % ) of the undistributed earnings are in countries with a statutory tax rate of 24% ( 24 % ) or higher , we do not generate a disproportionate amount of taxable income in countries with very low tax rates . a reconciliation of the beginning and ending amount of the unrecognized tax benefits is as follows: . <table class='wikitable'><tr><td>1</td><td>unrecognized tax benefits</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>balance at beginning of year</td><td>$ 110.8</td><td>$ 126.4</td><td>$ 197.8</td></tr><tr><td>3</td><td>additions for tax positions of the current year</td><td>12.7</td><td>44.5</td><td>16.3</td></tr><tr><td>4</td><td>additions for tax positions of prior years</td><td>9.0</td><td>2.3</td><td>5.7</td></tr><tr><td>5</td><td>reductions for tax positions of prior years</td><td>-.5 ( .5 )</td><td>-46.9 ( 46.9 )</td><td>-72.4 ( 72.4 )</td></tr><tr><td>6</td><td>settlements</td><td>-1.4 ( 1.4 )</td><td>-11.0 ( 11.0 )</td><td>-15.6 ( 15.6 )</td></tr><tr><td>7</td><td>statute of limitations expiration</td><td>-8.0 ( 8.0 )</td><td>-3.7 ( 3.7 )</td><td>-4.8 ( 4.8 )</td></tr><tr><td>8</td><td>foreign currency translation</td><td>1.7</td><td>-.8 ( .8 )</td><td>-.6 ( .6 )</td></tr><tr><td>9</td><td>balance at end of year</td><td>$ 124.3</td><td>$ 110.8</td><td>$ 126.4</td></tr></table> at 30 september 2013 and 2012 , we had $ 124.3 and $ 110.8 of unrecognized tax benefits , excluding interest and penalties , of which $ 63.1 and $ 56.9 , respectively , would impact the effective tax rate if recognized . interest and penalties related to unrecognized tax benefits are recorded as a component of income tax expense and totaled $ 2.4 in 2013 , $ ( 26.1 ) in 2012 , and $ ( 2.4 ) in 2011 . our accrued balance for interest and penalties was $ 8.1 and $ 7.2 in 2013 and 2012 , respectively . we were challenged by the spanish tax authorities over income tax deductions taken by certain of our spanish subsidiaries during fiscal years 2005 20132011 . in november 2011 , we reached a settlement with the spanish tax authorities for 20ac41.3 million ( $ 56 ) in resolution of all tax issues under examination . this settlement increased our income tax expense for the fiscal year ended 30 september 2012 by $ 43.8 ( $ .20 per share ) and had a 3.3% ( 3.3 % ) impact on our effective tax rate . as a result of this settlement , we recorded a reduction in unrecognized tax benefits of $ 6.4 for tax positions taken in prior years and $ 11.0 for settlements . on 25 january 2012 , the spanish supreme court released its decision in favor of our spanish subsidiary related to certain tax transactions for years 1991 and 1992 , a period before we controlled this subsidiary . as a result , in the second quarter of 2012 , we recorded a reduction in income tax expense of $ 58.3 ( $ .27 per share ) , resulting in a 4.4% ( 4.4 % ) reduction in our effective tax rate for the fiscal year ended 30 september 2012 . as a result of this ruling , we recorded a reduction in unrecognized tax benefits of $ 38.3 for tax positions taken in prior years . during the third quarter of 2012 , our unrecognized tax benefits increased $ 33.3 as a result of certain tax positions taken in conjunction with the disposition of our homecare business . when resolved , these benefits will be recognized in 201cincome from discontinued operations , net of tax 201d on our consolidated income statements and will not impact our effective tax rate . for additional information , see note 3 , discontinued operations . in the third quarter of 2011 , a u.s . internal revenue service audit over tax years 2007 and 2008 was completed , resulting in a decrease in unrecognized tax benefits of $ 36.0 and a favorable impact to earnings of $ 23.9 . this included a tax benefit of $ 8.9 ( $ .04 per share ) recognized in income from discontinued operations for fiscal year 2011 , as it relates to the previously divested u.s . healthcare business . we are also currently under examination in a number of tax jurisdictions , some of which may be resolved in the next twelve months . as a result , it is reasonably possible that a change in the unrecognized tax benefits may occur during the next twelve months . however , quantification of an estimated range cannot be made at this time. .
Question: what is the balance at end of year 2013?
Answer: 124.3
Question: and that of 2012?
Answer: 110.8
Question: how much does the balance at end of year 2013 represents in relation to that of 2012?
| 1.12184 |
CONVFINQA3607 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
earnings were remitted as dividends after payment of all deferred taxes . as more than 90% ( 90 % ) of the undistributed earnings are in countries with a statutory tax rate of 24% ( 24 % ) or higher , we do not generate a disproportionate amount of taxable income in countries with very low tax rates . a reconciliation of the beginning and ending amount of the unrecognized tax benefits is as follows: . <table class='wikitable'><tr><td>1</td><td>unrecognized tax benefits</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>balance at beginning of year</td><td>$ 110.8</td><td>$ 126.4</td><td>$ 197.8</td></tr><tr><td>3</td><td>additions for tax positions of the current year</td><td>12.7</td><td>44.5</td><td>16.3</td></tr><tr><td>4</td><td>additions for tax positions of prior years</td><td>9.0</td><td>2.3</td><td>5.7</td></tr><tr><td>5</td><td>reductions for tax positions of prior years</td><td>-.5 ( .5 )</td><td>-46.9 ( 46.9 )</td><td>-72.4 ( 72.4 )</td></tr><tr><td>6</td><td>settlements</td><td>-1.4 ( 1.4 )</td><td>-11.0 ( 11.0 )</td><td>-15.6 ( 15.6 )</td></tr><tr><td>7</td><td>statute of limitations expiration</td><td>-8.0 ( 8.0 )</td><td>-3.7 ( 3.7 )</td><td>-4.8 ( 4.8 )</td></tr><tr><td>8</td><td>foreign currency translation</td><td>1.7</td><td>-.8 ( .8 )</td><td>-.6 ( .6 )</td></tr><tr><td>9</td><td>balance at end of year</td><td>$ 124.3</td><td>$ 110.8</td><td>$ 126.4</td></tr></table> at 30 september 2013 and 2012 , we had $ 124.3 and $ 110.8 of unrecognized tax benefits , excluding interest and penalties , of which $ 63.1 and $ 56.9 , respectively , would impact the effective tax rate if recognized . interest and penalties related to unrecognized tax benefits are recorded as a component of income tax expense and totaled $ 2.4 in 2013 , $ ( 26.1 ) in 2012 , and $ ( 2.4 ) in 2011 . our accrued balance for interest and penalties was $ 8.1 and $ 7.2 in 2013 and 2012 , respectively . we were challenged by the spanish tax authorities over income tax deductions taken by certain of our spanish subsidiaries during fiscal years 2005 20132011 . in november 2011 , we reached a settlement with the spanish tax authorities for 20ac41.3 million ( $ 56 ) in resolution of all tax issues under examination . this settlement increased our income tax expense for the fiscal year ended 30 september 2012 by $ 43.8 ( $ .20 per share ) and had a 3.3% ( 3.3 % ) impact on our effective tax rate . as a result of this settlement , we recorded a reduction in unrecognized tax benefits of $ 6.4 for tax positions taken in prior years and $ 11.0 for settlements . on 25 january 2012 , the spanish supreme court released its decision in favor of our spanish subsidiary related to certain tax transactions for years 1991 and 1992 , a period before we controlled this subsidiary . as a result , in the second quarter of 2012 , we recorded a reduction in income tax expense of $ 58.3 ( $ .27 per share ) , resulting in a 4.4% ( 4.4 % ) reduction in our effective tax rate for the fiscal year ended 30 september 2012 . as a result of this ruling , we recorded a reduction in unrecognized tax benefits of $ 38.3 for tax positions taken in prior years . during the third quarter of 2012 , our unrecognized tax benefits increased $ 33.3 as a result of certain tax positions taken in conjunction with the disposition of our homecare business . when resolved , these benefits will be recognized in 201cincome from discontinued operations , net of tax 201d on our consolidated income statements and will not impact our effective tax rate . for additional information , see note 3 , discontinued operations . in the third quarter of 2011 , a u.s . internal revenue service audit over tax years 2007 and 2008 was completed , resulting in a decrease in unrecognized tax benefits of $ 36.0 and a favorable impact to earnings of $ 23.9 . this included a tax benefit of $ 8.9 ( $ .04 per share ) recognized in income from discontinued operations for fiscal year 2011 , as it relates to the previously divested u.s . healthcare business . we are also currently under examination in a number of tax jurisdictions , some of which may be resolved in the next twelve months . as a result , it is reasonably possible that a change in the unrecognized tax benefits may occur during the next twelve months . however , quantification of an estimated range cannot be made at this time. .
Question: what is the balance at end of year 2013?
Answer: 124.3
Question: and that of 2012?
Answer: 110.8
Question: how much does the balance at end of year 2013 represents in relation to that of 2012?
Answer: 1.12184
Question: what is the difference between that and the number 1?
| 0.12184 |
CONVFINQA3608 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
purchases of equity securities the following table provides information about our repurchases of our common stock registered pursuant to section 12 of the securities exchange act of 1934 during the quarter ended december 31 , 2014 . period ( a ) number of shares purchased average price paid per share total number of shares purchased as part of publicly announced plans or programs ( b ) amount available for future share repurchases under the plans or programs ( b ) ( in millions ) . <table class='wikitable'><tr><td>1</td><td>period ( a )</td><td>total number of shares purchased</td><td>average price paid per share</td><td>total number of shares purchased as part of publicly announced plans or programs ( b )</td><td>amount available for future share repurchases under the plans or programs ( b ) ( in millions )</td></tr><tr><td>2</td><td>september 29 2014 2013 october 26 2014</td><td>399259</td><td>$ 176.96</td><td>397911</td><td>$ 3825</td></tr><tr><td>3</td><td>october 27 2014 2013 november 30 2014</td><td>504300</td><td>$ 187.74</td><td>456904</td><td>$ 3739</td></tr><tr><td>4</td><td>december 1 2014 2013 december 31 2014</td><td>365683</td><td>$ 190.81</td><td>357413</td><td>$ 3671</td></tr><tr><td>5</td><td>total</td><td>1269242 ( c )</td><td>$ 185.23</td><td>1212228</td><td>$ 3671</td></tr></table> total 1269242 ( c ) $ 185.23 1212228 $ 3671 ( a ) we close our books and records on the last sunday of each month to align our financial closing with our business processes , except for the month of december , as our fiscal year ends on december 31 . as a result , our fiscal months often differ from the calendar months . for example , september 29 , 2014 was the first day of our october 2014 fiscal month . ( b ) in october 2010 , our board of directors approved a share repurchase program pursuant to which we are authorized to repurchase our common stock in privately negotiated transactions or in the open market at prices per share not exceeding the then-current market prices . on september 25 , 2014 , our board of directors authorized a $ 2.0 billion increase to the program . under the program , management has discretion to determine the dollar amount of shares to be repurchased and the timing of any repurchases in compliance with applicable law and regulation . we also may make purchases under the program pursuant to rule 10b5-1 plans . the program does not have an expiration date . ( c ) during the quarter ended december 31 , 2014 , the total number of shares purchased included 57014 shares that were transferred to us by employees in satisfaction of minimum tax withholding obligations associated with the vesting of restricted stock units . these purchases were made pursuant to a separate authorization by our board of directors and are not included within the program. .
Question: what was the change in the average price of the purchased shares from october to december 2014?
| 13.85 |
CONVFINQA3609 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
purchases of equity securities the following table provides information about our repurchases of our common stock registered pursuant to section 12 of the securities exchange act of 1934 during the quarter ended december 31 , 2014 . period ( a ) number of shares purchased average price paid per share total number of shares purchased as part of publicly announced plans or programs ( b ) amount available for future share repurchases under the plans or programs ( b ) ( in millions ) . <table class='wikitable'><tr><td>1</td><td>period ( a )</td><td>total number of shares purchased</td><td>average price paid per share</td><td>total number of shares purchased as part of publicly announced plans or programs ( b )</td><td>amount available for future share repurchases under the plans or programs ( b ) ( in millions )</td></tr><tr><td>2</td><td>september 29 2014 2013 october 26 2014</td><td>399259</td><td>$ 176.96</td><td>397911</td><td>$ 3825</td></tr><tr><td>3</td><td>october 27 2014 2013 november 30 2014</td><td>504300</td><td>$ 187.74</td><td>456904</td><td>$ 3739</td></tr><tr><td>4</td><td>december 1 2014 2013 december 31 2014</td><td>365683</td><td>$ 190.81</td><td>357413</td><td>$ 3671</td></tr><tr><td>5</td><td>total</td><td>1269242 ( c )</td><td>$ 185.23</td><td>1212228</td><td>$ 3671</td></tr></table> total 1269242 ( c ) $ 185.23 1212228 $ 3671 ( a ) we close our books and records on the last sunday of each month to align our financial closing with our business processes , except for the month of december , as our fiscal year ends on december 31 . as a result , our fiscal months often differ from the calendar months . for example , september 29 , 2014 was the first day of our october 2014 fiscal month . ( b ) in october 2010 , our board of directors approved a share repurchase program pursuant to which we are authorized to repurchase our common stock in privately negotiated transactions or in the open market at prices per share not exceeding the then-current market prices . on september 25 , 2014 , our board of directors authorized a $ 2.0 billion increase to the program . under the program , management has discretion to determine the dollar amount of shares to be repurchased and the timing of any repurchases in compliance with applicable law and regulation . we also may make purchases under the program pursuant to rule 10b5-1 plans . the program does not have an expiration date . ( c ) during the quarter ended december 31 , 2014 , the total number of shares purchased included 57014 shares that were transferred to us by employees in satisfaction of minimum tax withholding obligations associated with the vesting of restricted stock units . these purchases were made pursuant to a separate authorization by our board of directors and are not included within the program. .
Question: what was the change in the average price of the purchased shares from october to december 2014?
Answer: 13.85
Question: and what was that average price in october?
| 176.96 |
CONVFINQA3610 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
purchases of equity securities the following table provides information about our repurchases of our common stock registered pursuant to section 12 of the securities exchange act of 1934 during the quarter ended december 31 , 2014 . period ( a ) number of shares purchased average price paid per share total number of shares purchased as part of publicly announced plans or programs ( b ) amount available for future share repurchases under the plans or programs ( b ) ( in millions ) . <table class='wikitable'><tr><td>1</td><td>period ( a )</td><td>total number of shares purchased</td><td>average price paid per share</td><td>total number of shares purchased as part of publicly announced plans or programs ( b )</td><td>amount available for future share repurchases under the plans or programs ( b ) ( in millions )</td></tr><tr><td>2</td><td>september 29 2014 2013 october 26 2014</td><td>399259</td><td>$ 176.96</td><td>397911</td><td>$ 3825</td></tr><tr><td>3</td><td>october 27 2014 2013 november 30 2014</td><td>504300</td><td>$ 187.74</td><td>456904</td><td>$ 3739</td></tr><tr><td>4</td><td>december 1 2014 2013 december 31 2014</td><td>365683</td><td>$ 190.81</td><td>357413</td><td>$ 3671</td></tr><tr><td>5</td><td>total</td><td>1269242 ( c )</td><td>$ 185.23</td><td>1212228</td><td>$ 3671</td></tr></table> total 1269242 ( c ) $ 185.23 1212228 $ 3671 ( a ) we close our books and records on the last sunday of each month to align our financial closing with our business processes , except for the month of december , as our fiscal year ends on december 31 . as a result , our fiscal months often differ from the calendar months . for example , september 29 , 2014 was the first day of our october 2014 fiscal month . ( b ) in october 2010 , our board of directors approved a share repurchase program pursuant to which we are authorized to repurchase our common stock in privately negotiated transactions or in the open market at prices per share not exceeding the then-current market prices . on september 25 , 2014 , our board of directors authorized a $ 2.0 billion increase to the program . under the program , management has discretion to determine the dollar amount of shares to be repurchased and the timing of any repurchases in compliance with applicable law and regulation . we also may make purchases under the program pursuant to rule 10b5-1 plans . the program does not have an expiration date . ( c ) during the quarter ended december 31 , 2014 , the total number of shares purchased included 57014 shares that were transferred to us by employees in satisfaction of minimum tax withholding obligations associated with the vesting of restricted stock units . these purchases were made pursuant to a separate authorization by our board of directors and are not included within the program. .
Question: what was the change in the average price of the purchased shares from october to december 2014?
Answer: 13.85
Question: and what was that average price in october?
Answer: 176.96
Question: how much, then, does that change represent in relation to this october average price?
| 0.07827 |
CONVFINQA3611 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the goldman sachs group , inc . and subsidiaries notes to consolidated financial statements commercial lending . the firm 2019s commercial lending commitments are extended to investment-grade and non- investment-grade corporate borrowers . commitments to investment-grade corporate borrowers are principally used for operating liquidity and general corporate purposes . the firm also extends lending commitments in connection with contingent acquisition financing and other types of corporate lending as well as commercial real estate financing . commitments that are extended for contingent acquisition financing are often intended to be short-term in nature , as borrowers often seek to replace them with other funding sources . sumitomo mitsui financial group , inc . ( smfg ) provides the firm with credit loss protection on certain approved loan commitments ( primarily investment-grade commercial lending commitments ) . the notional amount of such loan commitments was $ 26.88 billion and $ 27.03 billion as of december 2016 and december 2015 , respectively . the credit loss protection on loan commitments provided by smfg is generally limited to 95% ( 95 % ) of the first loss the firm realizes on such commitments , up to a maximum of approximately $ 950 million . in addition , subject to the satisfaction of certain conditions , upon the firm 2019s request , smfg will provide protection for 70% ( 70 % ) of additional losses on such commitments , up to a maximum of $ 1.13 billion , of which $ 768 million of protection had been provided as of both december 2016 and december 2015 . the firm also uses other financial instruments to mitigate credit risks related to certain commitments not covered by smfg . these instruments primarily include credit default swaps that reference the same or similar underlying instrument or entity , or credit default swaps that reference a market index . warehouse financing . the firm provides financing to clients who warehouse financial assets . these arrangements are secured by the warehoused assets , primarily consisting of consumer and corporate loans . contingent and forward starting resale and securities borrowing agreements/forward starting repurchase and secured lending agreements the firm enters into resale and securities borrowing agreements and repurchase and secured lending agreements that settle at a future date , generally within three business days . the firm also enters into commitments to provide contingent financing to its clients and counterparties through resale agreements . the firm 2019s funding of these commitments depends on the satisfaction of all contractual conditions to the resale agreement and these commitments can expire unused . letters of credit the firm has commitments under letters of credit issued by various banks which the firm provides to counterparties in lieu of securities or cash to satisfy various collateral and margin deposit requirements . investment commitments the firm 2019s investment commitments include commitments to invest in private equity , real estate and other assets directly and through funds that the firm raises and manages . investment commitments include $ 2.10 billion and $ 2.86 billion as of december 2016 and december 2015 , respectively , related to commitments to invest in funds managed by the firm . if these commitments are called , they would be funded at market value on the date of investment . leases the firm has contractual obligations under long-term noncancelable lease agreements for office space expiring on various dates through 2069 . certain agreements are subject to periodic escalation provisions for increases in real estate taxes and other charges . the table below presents future minimum rental payments , net of minimum sublease rentals . $ in millions december 2016 . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>as of december 2016</td></tr><tr><td>2</td><td>2017</td><td>$ 290</td></tr><tr><td>3</td><td>2018</td><td>282</td></tr><tr><td>4</td><td>2019</td><td>238</td></tr><tr><td>5</td><td>2020</td><td>206</td></tr><tr><td>6</td><td>2021</td><td>159</td></tr><tr><td>7</td><td>2022 - thereafter</td><td>766</td></tr><tr><td>8</td><td>total</td><td>$ 1941</td></tr></table> rent charged to operating expense was $ 244 million for 2016 , $ 249 million for 2015 and $ 309 million for 2014 . operating leases include office space held in excess of current requirements . rent expense relating to space held for growth is included in 201coccupancy . 201d the firm records a liability , based on the fair value of the remaining lease rentals reduced by any potential or existing sublease rentals , for leases where the firm has ceased using the space and management has concluded that the firm will not derive any future economic benefits . costs to terminate a lease before the end of its term are recognized and measured at fair value on termination . during 2016 , the firm incurred exit costs of approximately $ 68 million related to excess office space . goldman sachs 2016 form 10-k 169 .
Question: what was, in millions, the total rent charged to operating expense in the years of 2015 and 2016, combined?
| 493.0 |
CONVFINQA3612 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the goldman sachs group , inc . and subsidiaries notes to consolidated financial statements commercial lending . the firm 2019s commercial lending commitments are extended to investment-grade and non- investment-grade corporate borrowers . commitments to investment-grade corporate borrowers are principally used for operating liquidity and general corporate purposes . the firm also extends lending commitments in connection with contingent acquisition financing and other types of corporate lending as well as commercial real estate financing . commitments that are extended for contingent acquisition financing are often intended to be short-term in nature , as borrowers often seek to replace them with other funding sources . sumitomo mitsui financial group , inc . ( smfg ) provides the firm with credit loss protection on certain approved loan commitments ( primarily investment-grade commercial lending commitments ) . the notional amount of such loan commitments was $ 26.88 billion and $ 27.03 billion as of december 2016 and december 2015 , respectively . the credit loss protection on loan commitments provided by smfg is generally limited to 95% ( 95 % ) of the first loss the firm realizes on such commitments , up to a maximum of approximately $ 950 million . in addition , subject to the satisfaction of certain conditions , upon the firm 2019s request , smfg will provide protection for 70% ( 70 % ) of additional losses on such commitments , up to a maximum of $ 1.13 billion , of which $ 768 million of protection had been provided as of both december 2016 and december 2015 . the firm also uses other financial instruments to mitigate credit risks related to certain commitments not covered by smfg . these instruments primarily include credit default swaps that reference the same or similar underlying instrument or entity , or credit default swaps that reference a market index . warehouse financing . the firm provides financing to clients who warehouse financial assets . these arrangements are secured by the warehoused assets , primarily consisting of consumer and corporate loans . contingent and forward starting resale and securities borrowing agreements/forward starting repurchase and secured lending agreements the firm enters into resale and securities borrowing agreements and repurchase and secured lending agreements that settle at a future date , generally within three business days . the firm also enters into commitments to provide contingent financing to its clients and counterparties through resale agreements . the firm 2019s funding of these commitments depends on the satisfaction of all contractual conditions to the resale agreement and these commitments can expire unused . letters of credit the firm has commitments under letters of credit issued by various banks which the firm provides to counterparties in lieu of securities or cash to satisfy various collateral and margin deposit requirements . investment commitments the firm 2019s investment commitments include commitments to invest in private equity , real estate and other assets directly and through funds that the firm raises and manages . investment commitments include $ 2.10 billion and $ 2.86 billion as of december 2016 and december 2015 , respectively , related to commitments to invest in funds managed by the firm . if these commitments are called , they would be funded at market value on the date of investment . leases the firm has contractual obligations under long-term noncancelable lease agreements for office space expiring on various dates through 2069 . certain agreements are subject to periodic escalation provisions for increases in real estate taxes and other charges . the table below presents future minimum rental payments , net of minimum sublease rentals . $ in millions december 2016 . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>as of december 2016</td></tr><tr><td>2</td><td>2017</td><td>$ 290</td></tr><tr><td>3</td><td>2018</td><td>282</td></tr><tr><td>4</td><td>2019</td><td>238</td></tr><tr><td>5</td><td>2020</td><td>206</td></tr><tr><td>6</td><td>2021</td><td>159</td></tr><tr><td>7</td><td>2022 - thereafter</td><td>766</td></tr><tr><td>8</td><td>total</td><td>$ 1941</td></tr></table> rent charged to operating expense was $ 244 million for 2016 , $ 249 million for 2015 and $ 309 million for 2014 . operating leases include office space held in excess of current requirements . rent expense relating to space held for growth is included in 201coccupancy . 201d the firm records a liability , based on the fair value of the remaining lease rentals reduced by any potential or existing sublease rentals , for leases where the firm has ceased using the space and management has concluded that the firm will not derive any future economic benefits . costs to terminate a lease before the end of its term are recognized and measured at fair value on termination . during 2016 , the firm incurred exit costs of approximately $ 68 million related to excess office space . goldman sachs 2016 form 10-k 169 .
Question: what was, in millions, the total rent charged to operating expense in the years of 2015 and 2016, combined?
Answer: 493.0
Question: and what was that rent in 2014, also in millions?
| 309.0 |
CONVFINQA3613 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the goldman sachs group , inc . and subsidiaries notes to consolidated financial statements commercial lending . the firm 2019s commercial lending commitments are extended to investment-grade and non- investment-grade corporate borrowers . commitments to investment-grade corporate borrowers are principally used for operating liquidity and general corporate purposes . the firm also extends lending commitments in connection with contingent acquisition financing and other types of corporate lending as well as commercial real estate financing . commitments that are extended for contingent acquisition financing are often intended to be short-term in nature , as borrowers often seek to replace them with other funding sources . sumitomo mitsui financial group , inc . ( smfg ) provides the firm with credit loss protection on certain approved loan commitments ( primarily investment-grade commercial lending commitments ) . the notional amount of such loan commitments was $ 26.88 billion and $ 27.03 billion as of december 2016 and december 2015 , respectively . the credit loss protection on loan commitments provided by smfg is generally limited to 95% ( 95 % ) of the first loss the firm realizes on such commitments , up to a maximum of approximately $ 950 million . in addition , subject to the satisfaction of certain conditions , upon the firm 2019s request , smfg will provide protection for 70% ( 70 % ) of additional losses on such commitments , up to a maximum of $ 1.13 billion , of which $ 768 million of protection had been provided as of both december 2016 and december 2015 . the firm also uses other financial instruments to mitigate credit risks related to certain commitments not covered by smfg . these instruments primarily include credit default swaps that reference the same or similar underlying instrument or entity , or credit default swaps that reference a market index . warehouse financing . the firm provides financing to clients who warehouse financial assets . these arrangements are secured by the warehoused assets , primarily consisting of consumer and corporate loans . contingent and forward starting resale and securities borrowing agreements/forward starting repurchase and secured lending agreements the firm enters into resale and securities borrowing agreements and repurchase and secured lending agreements that settle at a future date , generally within three business days . the firm also enters into commitments to provide contingent financing to its clients and counterparties through resale agreements . the firm 2019s funding of these commitments depends on the satisfaction of all contractual conditions to the resale agreement and these commitments can expire unused . letters of credit the firm has commitments under letters of credit issued by various banks which the firm provides to counterparties in lieu of securities or cash to satisfy various collateral and margin deposit requirements . investment commitments the firm 2019s investment commitments include commitments to invest in private equity , real estate and other assets directly and through funds that the firm raises and manages . investment commitments include $ 2.10 billion and $ 2.86 billion as of december 2016 and december 2015 , respectively , related to commitments to invest in funds managed by the firm . if these commitments are called , they would be funded at market value on the date of investment . leases the firm has contractual obligations under long-term noncancelable lease agreements for office space expiring on various dates through 2069 . certain agreements are subject to periodic escalation provisions for increases in real estate taxes and other charges . the table below presents future minimum rental payments , net of minimum sublease rentals . $ in millions december 2016 . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>as of december 2016</td></tr><tr><td>2</td><td>2017</td><td>$ 290</td></tr><tr><td>3</td><td>2018</td><td>282</td></tr><tr><td>4</td><td>2019</td><td>238</td></tr><tr><td>5</td><td>2020</td><td>206</td></tr><tr><td>6</td><td>2021</td><td>159</td></tr><tr><td>7</td><td>2022 - thereafter</td><td>766</td></tr><tr><td>8</td><td>total</td><td>$ 1941</td></tr></table> rent charged to operating expense was $ 244 million for 2016 , $ 249 million for 2015 and $ 309 million for 2014 . operating leases include office space held in excess of current requirements . rent expense relating to space held for growth is included in 201coccupancy . 201d the firm records a liability , based on the fair value of the remaining lease rentals reduced by any potential or existing sublease rentals , for leases where the firm has ceased using the space and management has concluded that the firm will not derive any future economic benefits . costs to terminate a lease before the end of its term are recognized and measured at fair value on termination . during 2016 , the firm incurred exit costs of approximately $ 68 million related to excess office space . goldman sachs 2016 form 10-k 169 .
Question: what was, in millions, the total rent charged to operating expense in the years of 2015 and 2016, combined?
Answer: 493.0
Question: and what was that rent in 2014, also in millions?
Answer: 309.0
Question: including, then, 2014, what then becomes that total of rent charged to operating expense, in millions?
| 802.0 |
CONVFINQA3614 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the pension plan investments are held in a master trust , with the northern trust company . investments in the master trust are valued at fair value , which has been determined based on fair value of the underlying investments of the master trust . investments in securities traded on public security exchanges are valued at their closing market prices on the valuation date ; where no sale was made on the valuation date , the security is generally valued at its most recent bid price . certain short-term investments are carried at cost , which approximates fair value . investments in registered investment companies and common trust funds , which primarily invest in stocks , bonds , and commodity futures , are valued using publicly available market prices for the underlying investments held by these entities . the majority of pension plan assets are invested in equity securities , because equity portfolios have historically provided higher returns than debt and other asset classes over extended time horizons , and are expected to do so in the future . correspondingly , equity investments also entail greater risks than other investments . equity risks are balanced by investing a significant portion of the plan 2019s assets in high quality debt securities . the average quality rating of the debt portfolio exceeded aa as of december 31 , 2008 and 2007 . the debt portfolio is also broadly diversified and invested primarily in u.s . treasury , mortgage , and corporate securities with an intermediate average maturity . the weighted-average maturity of the debt portfolio was 5 years at both december 31 , 2008 and 2007 , respectively . the investment of pension plan assets in securities issued by union pacific is specifically prohibited for both the equity and debt portfolios , other than through index fund holdings . other retirement programs thrift plan 2013 we provide a defined contribution plan ( thrift plan ) to eligible non-union employees and make matching contributions to the thrift plan . we match 50 cents for each dollar contributed by employees up to the first six percent of compensation contributed . our thrift plan contributions were $ 14 million in 2008 , $ 14 million in 2007 , and $ 13 million in 2006 . railroad retirement system 2013 all railroad employees are covered by the railroad retirement system ( the system ) . contributions made to the system are expensed as incurred and amounted to approximately $ 620 million in 2008 , $ 616 million in 2007 , and $ 615 million in 2006 . collective bargaining agreements 2013 under collective bargaining agreements , we provide certain postretirement healthcare and life insurance benefits for eligible union employees . premiums under the plans are expensed as incurred and amounted to $ 49 million in 2008 and $ 40 million in both 2007 and 5 . other income other income included the following for the years ended december 31 : millions of dollars 2008 2007 2006 . <table class='wikitable'><tr><td>1</td><td>millions of dollars</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>rental income</td><td>$ 87</td><td>$ 68</td><td>$ 83</td></tr><tr><td>3</td><td>net gain on non-operating asset dispositions</td><td>41</td><td>52</td><td>72</td></tr><tr><td>4</td><td>interest income</td><td>21</td><td>50</td><td>29</td></tr><tr><td>5</td><td>sale of receivables fees</td><td>-23 ( 23 )</td><td>-35 ( 35 )</td><td>-33 ( 33 )</td></tr><tr><td>6</td><td>non-operating environmental costs and other</td><td>-34 ( 34 )</td><td>-19 ( 19 )</td><td>-33 ( 33 )</td></tr><tr><td>7</td><td>total</td><td>$ 92</td><td>$ 116</td><td>$ 118</td></tr></table> .
Question: what was the rental income in 2008?
| 87.0 |
CONVFINQA3615 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the pension plan investments are held in a master trust , with the northern trust company . investments in the master trust are valued at fair value , which has been determined based on fair value of the underlying investments of the master trust . investments in securities traded on public security exchanges are valued at their closing market prices on the valuation date ; where no sale was made on the valuation date , the security is generally valued at its most recent bid price . certain short-term investments are carried at cost , which approximates fair value . investments in registered investment companies and common trust funds , which primarily invest in stocks , bonds , and commodity futures , are valued using publicly available market prices for the underlying investments held by these entities . the majority of pension plan assets are invested in equity securities , because equity portfolios have historically provided higher returns than debt and other asset classes over extended time horizons , and are expected to do so in the future . correspondingly , equity investments also entail greater risks than other investments . equity risks are balanced by investing a significant portion of the plan 2019s assets in high quality debt securities . the average quality rating of the debt portfolio exceeded aa as of december 31 , 2008 and 2007 . the debt portfolio is also broadly diversified and invested primarily in u.s . treasury , mortgage , and corporate securities with an intermediate average maturity . the weighted-average maturity of the debt portfolio was 5 years at both december 31 , 2008 and 2007 , respectively . the investment of pension plan assets in securities issued by union pacific is specifically prohibited for both the equity and debt portfolios , other than through index fund holdings . other retirement programs thrift plan 2013 we provide a defined contribution plan ( thrift plan ) to eligible non-union employees and make matching contributions to the thrift plan . we match 50 cents for each dollar contributed by employees up to the first six percent of compensation contributed . our thrift plan contributions were $ 14 million in 2008 , $ 14 million in 2007 , and $ 13 million in 2006 . railroad retirement system 2013 all railroad employees are covered by the railroad retirement system ( the system ) . contributions made to the system are expensed as incurred and amounted to approximately $ 620 million in 2008 , $ 616 million in 2007 , and $ 615 million in 2006 . collective bargaining agreements 2013 under collective bargaining agreements , we provide certain postretirement healthcare and life insurance benefits for eligible union employees . premiums under the plans are expensed as incurred and amounted to $ 49 million in 2008 and $ 40 million in both 2007 and 5 . other income other income included the following for the years ended december 31 : millions of dollars 2008 2007 2006 . <table class='wikitable'><tr><td>1</td><td>millions of dollars</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>rental income</td><td>$ 87</td><td>$ 68</td><td>$ 83</td></tr><tr><td>3</td><td>net gain on non-operating asset dispositions</td><td>41</td><td>52</td><td>72</td></tr><tr><td>4</td><td>interest income</td><td>21</td><td>50</td><td>29</td></tr><tr><td>5</td><td>sale of receivables fees</td><td>-23 ( 23 )</td><td>-35 ( 35 )</td><td>-33 ( 33 )</td></tr><tr><td>6</td><td>non-operating environmental costs and other</td><td>-34 ( 34 )</td><td>-19 ( 19 )</td><td>-33 ( 33 )</td></tr><tr><td>7</td><td>total</td><td>$ 92</td><td>$ 116</td><td>$ 118</td></tr></table> .
Question: what was the rental income in 2008?
Answer: 87.0
Question: what was it in 2007?
| 68.0 |
CONVFINQA3616 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the pension plan investments are held in a master trust , with the northern trust company . investments in the master trust are valued at fair value , which has been determined based on fair value of the underlying investments of the master trust . investments in securities traded on public security exchanges are valued at their closing market prices on the valuation date ; where no sale was made on the valuation date , the security is generally valued at its most recent bid price . certain short-term investments are carried at cost , which approximates fair value . investments in registered investment companies and common trust funds , which primarily invest in stocks , bonds , and commodity futures , are valued using publicly available market prices for the underlying investments held by these entities . the majority of pension plan assets are invested in equity securities , because equity portfolios have historically provided higher returns than debt and other asset classes over extended time horizons , and are expected to do so in the future . correspondingly , equity investments also entail greater risks than other investments . equity risks are balanced by investing a significant portion of the plan 2019s assets in high quality debt securities . the average quality rating of the debt portfolio exceeded aa as of december 31 , 2008 and 2007 . the debt portfolio is also broadly diversified and invested primarily in u.s . treasury , mortgage , and corporate securities with an intermediate average maturity . the weighted-average maturity of the debt portfolio was 5 years at both december 31 , 2008 and 2007 , respectively . the investment of pension plan assets in securities issued by union pacific is specifically prohibited for both the equity and debt portfolios , other than through index fund holdings . other retirement programs thrift plan 2013 we provide a defined contribution plan ( thrift plan ) to eligible non-union employees and make matching contributions to the thrift plan . we match 50 cents for each dollar contributed by employees up to the first six percent of compensation contributed . our thrift plan contributions were $ 14 million in 2008 , $ 14 million in 2007 , and $ 13 million in 2006 . railroad retirement system 2013 all railroad employees are covered by the railroad retirement system ( the system ) . contributions made to the system are expensed as incurred and amounted to approximately $ 620 million in 2008 , $ 616 million in 2007 , and $ 615 million in 2006 . collective bargaining agreements 2013 under collective bargaining agreements , we provide certain postretirement healthcare and life insurance benefits for eligible union employees . premiums under the plans are expensed as incurred and amounted to $ 49 million in 2008 and $ 40 million in both 2007 and 5 . other income other income included the following for the years ended december 31 : millions of dollars 2008 2007 2006 . <table class='wikitable'><tr><td>1</td><td>millions of dollars</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>rental income</td><td>$ 87</td><td>$ 68</td><td>$ 83</td></tr><tr><td>3</td><td>net gain on non-operating asset dispositions</td><td>41</td><td>52</td><td>72</td></tr><tr><td>4</td><td>interest income</td><td>21</td><td>50</td><td>29</td></tr><tr><td>5</td><td>sale of receivables fees</td><td>-23 ( 23 )</td><td>-35 ( 35 )</td><td>-33 ( 33 )</td></tr><tr><td>6</td><td>non-operating environmental costs and other</td><td>-34 ( 34 )</td><td>-19 ( 19 )</td><td>-33 ( 33 )</td></tr><tr><td>7</td><td>total</td><td>$ 92</td><td>$ 116</td><td>$ 118</td></tr></table> .
Question: what was the rental income in 2008?
Answer: 87.0
Question: what was it in 2007?
Answer: 68.0
Question: what is the net change in value?
| 19.0 |
CONVFINQA3617 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the pension plan investments are held in a master trust , with the northern trust company . investments in the master trust are valued at fair value , which has been determined based on fair value of the underlying investments of the master trust . investments in securities traded on public security exchanges are valued at their closing market prices on the valuation date ; where no sale was made on the valuation date , the security is generally valued at its most recent bid price . certain short-term investments are carried at cost , which approximates fair value . investments in registered investment companies and common trust funds , which primarily invest in stocks , bonds , and commodity futures , are valued using publicly available market prices for the underlying investments held by these entities . the majority of pension plan assets are invested in equity securities , because equity portfolios have historically provided higher returns than debt and other asset classes over extended time horizons , and are expected to do so in the future . correspondingly , equity investments also entail greater risks than other investments . equity risks are balanced by investing a significant portion of the plan 2019s assets in high quality debt securities . the average quality rating of the debt portfolio exceeded aa as of december 31 , 2008 and 2007 . the debt portfolio is also broadly diversified and invested primarily in u.s . treasury , mortgage , and corporate securities with an intermediate average maturity . the weighted-average maturity of the debt portfolio was 5 years at both december 31 , 2008 and 2007 , respectively . the investment of pension plan assets in securities issued by union pacific is specifically prohibited for both the equity and debt portfolios , other than through index fund holdings . other retirement programs thrift plan 2013 we provide a defined contribution plan ( thrift plan ) to eligible non-union employees and make matching contributions to the thrift plan . we match 50 cents for each dollar contributed by employees up to the first six percent of compensation contributed . our thrift plan contributions were $ 14 million in 2008 , $ 14 million in 2007 , and $ 13 million in 2006 . railroad retirement system 2013 all railroad employees are covered by the railroad retirement system ( the system ) . contributions made to the system are expensed as incurred and amounted to approximately $ 620 million in 2008 , $ 616 million in 2007 , and $ 615 million in 2006 . collective bargaining agreements 2013 under collective bargaining agreements , we provide certain postretirement healthcare and life insurance benefits for eligible union employees . premiums under the plans are expensed as incurred and amounted to $ 49 million in 2008 and $ 40 million in both 2007 and 5 . other income other income included the following for the years ended december 31 : millions of dollars 2008 2007 2006 . <table class='wikitable'><tr><td>1</td><td>millions of dollars</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>rental income</td><td>$ 87</td><td>$ 68</td><td>$ 83</td></tr><tr><td>3</td><td>net gain on non-operating asset dispositions</td><td>41</td><td>52</td><td>72</td></tr><tr><td>4</td><td>interest income</td><td>21</td><td>50</td><td>29</td></tr><tr><td>5</td><td>sale of receivables fees</td><td>-23 ( 23 )</td><td>-35 ( 35 )</td><td>-33 ( 33 )</td></tr><tr><td>6</td><td>non-operating environmental costs and other</td><td>-34 ( 34 )</td><td>-19 ( 19 )</td><td>-33 ( 33 )</td></tr><tr><td>7</td><td>total</td><td>$ 92</td><td>$ 116</td><td>$ 118</td></tr></table> .
Question: what was the rental income in 2008?
Answer: 87.0
Question: what was it in 2007?
Answer: 68.0
Question: what is the net change in value?
Answer: 19.0
Question: what was the 2007 value?
| 68.0 |
CONVFINQA3618 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the pension plan investments are held in a master trust , with the northern trust company . investments in the master trust are valued at fair value , which has been determined based on fair value of the underlying investments of the master trust . investments in securities traded on public security exchanges are valued at their closing market prices on the valuation date ; where no sale was made on the valuation date , the security is generally valued at its most recent bid price . certain short-term investments are carried at cost , which approximates fair value . investments in registered investment companies and common trust funds , which primarily invest in stocks , bonds , and commodity futures , are valued using publicly available market prices for the underlying investments held by these entities . the majority of pension plan assets are invested in equity securities , because equity portfolios have historically provided higher returns than debt and other asset classes over extended time horizons , and are expected to do so in the future . correspondingly , equity investments also entail greater risks than other investments . equity risks are balanced by investing a significant portion of the plan 2019s assets in high quality debt securities . the average quality rating of the debt portfolio exceeded aa as of december 31 , 2008 and 2007 . the debt portfolio is also broadly diversified and invested primarily in u.s . treasury , mortgage , and corporate securities with an intermediate average maturity . the weighted-average maturity of the debt portfolio was 5 years at both december 31 , 2008 and 2007 , respectively . the investment of pension plan assets in securities issued by union pacific is specifically prohibited for both the equity and debt portfolios , other than through index fund holdings . other retirement programs thrift plan 2013 we provide a defined contribution plan ( thrift plan ) to eligible non-union employees and make matching contributions to the thrift plan . we match 50 cents for each dollar contributed by employees up to the first six percent of compensation contributed . our thrift plan contributions were $ 14 million in 2008 , $ 14 million in 2007 , and $ 13 million in 2006 . railroad retirement system 2013 all railroad employees are covered by the railroad retirement system ( the system ) . contributions made to the system are expensed as incurred and amounted to approximately $ 620 million in 2008 , $ 616 million in 2007 , and $ 615 million in 2006 . collective bargaining agreements 2013 under collective bargaining agreements , we provide certain postretirement healthcare and life insurance benefits for eligible union employees . premiums under the plans are expensed as incurred and amounted to $ 49 million in 2008 and $ 40 million in both 2007 and 5 . other income other income included the following for the years ended december 31 : millions of dollars 2008 2007 2006 . <table class='wikitable'><tr><td>1</td><td>millions of dollars</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>rental income</td><td>$ 87</td><td>$ 68</td><td>$ 83</td></tr><tr><td>3</td><td>net gain on non-operating asset dispositions</td><td>41</td><td>52</td><td>72</td></tr><tr><td>4</td><td>interest income</td><td>21</td><td>50</td><td>29</td></tr><tr><td>5</td><td>sale of receivables fees</td><td>-23 ( 23 )</td><td>-35 ( 35 )</td><td>-33 ( 33 )</td></tr><tr><td>6</td><td>non-operating environmental costs and other</td><td>-34 ( 34 )</td><td>-19 ( 19 )</td><td>-33 ( 33 )</td></tr><tr><td>7</td><td>total</td><td>$ 92</td><td>$ 116</td><td>$ 118</td></tr></table> .
Question: what was the rental income in 2008?
Answer: 87.0
Question: what was it in 2007?
Answer: 68.0
Question: what is the net change in value?
Answer: 19.0
Question: what was the 2007 value?
Answer: 68.0
Question: what is the net change divided by the 2007 value?
| 0.27941 |
CONVFINQA3619 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) stock-based compensation 2014the company complies with the provisions of sfas no . 148 , 201caccounting for stock-based compensation 2014transition and disclosure 2014an amendment of sfas no . 123 , 201d which provides optional transition guidance for those companies electing to voluntarily adopt the accounting provisions of sfas no . 123 . the company continues to use accounting principles board opinion no . 25 ( apb no . 25 ) , 201caccounting for stock issued to employees , 201d to account for equity grants and awards to employees , officers and directors and has adopted the disclosure-only provisions of sfas no . 148 . in accordance with apb no . 25 , the company recognizes compensation expense based on the excess , if any , of the quoted stock price at the grant date of the award or other measurement date over the amount an employee must pay to acquire the stock . the company 2019s stock option plans are more fully described in note 13 . in december 2004 , the fasb issued sfas no . 123r , 201cshare-based payment 201d ( sfas no . 123r ) , described below . 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 ( as amended ) to stock-based compensation . the estimated fair value of each option is calculated using the black-scholes option-pricing model ( in thousands , except per share amounts ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2004</td><td>2003</td><td>2002</td></tr><tr><td>2</td><td>net loss as reported</td><td>$ -247587 ( 247587 )</td><td>$ -325321 ( 325321 )</td><td>$ -1163540 ( 1163540 )</td></tr><tr><td>3</td><td>add : stock-based employee compensation expense associated with modifications net of related tax effect included in net loss asreported</td><td>2297</td><td>2077</td><td>-</td></tr><tr><td>4</td><td>less : total stock-based employee compensation expense determined under fair value based method for all awards net of related taxeffect</td><td>-23906 ( 23906 )</td><td>-31156 ( 31156 )</td><td>-38126 ( 38126 )</td></tr><tr><td>5</td><td>pro-forma net loss</td><td>$ -269196 ( 269196 )</td><td>$ -354400 ( 354400 )</td><td>$ -1201666 ( 1201666 )</td></tr><tr><td>6</td><td>basic and diluted net loss per share 2014as reported</td><td>$ -1.10 ( 1.10 )</td><td>$ -1.56 ( 1.56 )</td><td>$ -5.95 ( 5.95 )</td></tr><tr><td>7</td><td>basic and diluted net loss per share pro-forma</td><td>$ -1.20 ( 1.20 )</td><td>$ -1.70 ( 1.70 )</td><td>$ -6.15 ( 6.15 )</td></tr></table> during the year ended december 31 , 2004 and 2003 , the company modified certain option awards to accelerate vesting and recorded charges of $ 3.0 million and $ 2.3 million , respectively , and corresponding increases to additional paid in capital in the accompanying consolidated financial statements . fair value of financial instruments 2014the carrying values of the company 2019s financial instruments , with the exception of long-term obligations , including current portion , reasonably approximate the related fair values as of december 31 , 2004 and 2003 . as of december 31 , 2004 , the carrying amount and fair value of long-term obligations , including current portion , were $ 3.3 billion and $ 3.6 billion , respectively . as of december 31 , 2003 , the carrying amount and fair value of long-term obligations , including current portion , were $ 3.4 billion and $ 3.6 billion , respectively . fair values are based primarily on quoted market prices for those or similar instruments . 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 matching contribution for periods prior to june 30 , 2004 was 35% ( 35 % ) up to a maximum 5% ( 5 % ) of a participant 2019s contributions . effective july 1 , 2004 , the plan was amended to increase the company match to 50% ( 50 % ) up to a maximum 6% ( 6 % ) of a participant 2019s contributions . the company contributed approximately $ 533000 , $ 825000 and $ 979000 to the plan for the years ended december 31 , 2004 , 2003 and 2002 , respectively . recent accounting pronouncements 2014in december 2004 , the fasb issued sfas no . 123r , which is a revision of sfas no . 123 , 201caccounting for stock-based compensation , 201d and supersedes apb no . 25 , accounting for .
Question: what was the difference in 401(k) contribution between 2003 and 2004?
| -292000.0 |
CONVFINQA3620 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) stock-based compensation 2014the company complies with the provisions of sfas no . 148 , 201caccounting for stock-based compensation 2014transition and disclosure 2014an amendment of sfas no . 123 , 201d which provides optional transition guidance for those companies electing to voluntarily adopt the accounting provisions of sfas no . 123 . the company continues to use accounting principles board opinion no . 25 ( apb no . 25 ) , 201caccounting for stock issued to employees , 201d to account for equity grants and awards to employees , officers and directors and has adopted the disclosure-only provisions of sfas no . 148 . in accordance with apb no . 25 , the company recognizes compensation expense based on the excess , if any , of the quoted stock price at the grant date of the award or other measurement date over the amount an employee must pay to acquire the stock . the company 2019s stock option plans are more fully described in note 13 . in december 2004 , the fasb issued sfas no . 123r , 201cshare-based payment 201d ( sfas no . 123r ) , described below . 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 ( as amended ) to stock-based compensation . the estimated fair value of each option is calculated using the black-scholes option-pricing model ( in thousands , except per share amounts ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2004</td><td>2003</td><td>2002</td></tr><tr><td>2</td><td>net loss as reported</td><td>$ -247587 ( 247587 )</td><td>$ -325321 ( 325321 )</td><td>$ -1163540 ( 1163540 )</td></tr><tr><td>3</td><td>add : stock-based employee compensation expense associated with modifications net of related tax effect included in net loss asreported</td><td>2297</td><td>2077</td><td>-</td></tr><tr><td>4</td><td>less : total stock-based employee compensation expense determined under fair value based method for all awards net of related taxeffect</td><td>-23906 ( 23906 )</td><td>-31156 ( 31156 )</td><td>-38126 ( 38126 )</td></tr><tr><td>5</td><td>pro-forma net loss</td><td>$ -269196 ( 269196 )</td><td>$ -354400 ( 354400 )</td><td>$ -1201666 ( 1201666 )</td></tr><tr><td>6</td><td>basic and diluted net loss per share 2014as reported</td><td>$ -1.10 ( 1.10 )</td><td>$ -1.56 ( 1.56 )</td><td>$ -5.95 ( 5.95 )</td></tr><tr><td>7</td><td>basic and diluted net loss per share pro-forma</td><td>$ -1.20 ( 1.20 )</td><td>$ -1.70 ( 1.70 )</td><td>$ -6.15 ( 6.15 )</td></tr></table> during the year ended december 31 , 2004 and 2003 , the company modified certain option awards to accelerate vesting and recorded charges of $ 3.0 million and $ 2.3 million , respectively , and corresponding increases to additional paid in capital in the accompanying consolidated financial statements . fair value of financial instruments 2014the carrying values of the company 2019s financial instruments , with the exception of long-term obligations , including current portion , reasonably approximate the related fair values as of december 31 , 2004 and 2003 . as of december 31 , 2004 , the carrying amount and fair value of long-term obligations , including current portion , were $ 3.3 billion and $ 3.6 billion , respectively . as of december 31 , 2003 , the carrying amount and fair value of long-term obligations , including current portion , were $ 3.4 billion and $ 3.6 billion , respectively . fair values are based primarily on quoted market prices for those or similar instruments . 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 matching contribution for periods prior to june 30 , 2004 was 35% ( 35 % ) up to a maximum 5% ( 5 % ) of a participant 2019s contributions . effective july 1 , 2004 , the plan was amended to increase the company match to 50% ( 50 % ) up to a maximum 6% ( 6 % ) of a participant 2019s contributions . the company contributed approximately $ 533000 , $ 825000 and $ 979000 to the plan for the years ended december 31 , 2004 , 2003 and 2002 , respectively . recent accounting pronouncements 2014in december 2004 , the fasb issued sfas no . 123r , which is a revision of sfas no . 123 , 201caccounting for stock-based compensation , 201d and supersedes apb no . 25 , accounting for .
Question: what was the difference in 401(k) contribution between 2003 and 2004?
Answer: -292000.0
Question: so what was the percentage change during this time?
| -0.35394 |
CONVFINQA3621 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
we recorded liabilities for certain litigation settlements in prior periods . total liabilities for litigation settlements changed from december 31 , 2006 , as follows : ( in millions ) . <table class='wikitable'><tr><td>1</td><td>balance as of december 31 2006</td><td>$ 477</td></tr><tr><td>2</td><td>provision for litigation settlements ( note 20 )</td><td>3</td></tr><tr><td>3</td><td>interest accretion on u.s . merchant lawsuit</td><td>38</td></tr><tr><td>4</td><td>payments</td><td>-114 ( 114 )</td></tr><tr><td>5</td><td>balance as of december 31 2007</td><td>$ 404</td></tr><tr><td>6</td><td>provision for discover settlement</td><td>863</td></tr><tr><td>7</td><td>provision for american express settlement</td><td>1649</td></tr><tr><td>8</td><td>provision for other litigation settlements</td><td>6</td></tr><tr><td>9</td><td>interest accretion on u.s . merchant lawsuit</td><td>33</td></tr><tr><td>10</td><td>interest accretion on american express settlement</td><td>44</td></tr><tr><td>11</td><td>payments on american express settlement</td><td>-300 ( 300 )</td></tr><tr><td>12</td><td>payments on discover settlement</td><td>-863 ( 863 )</td></tr><tr><td>13</td><td>payment on u.s . merchant lawsuit</td><td>-100 ( 100 )</td></tr><tr><td>14</td><td>other payments and accretion</td><td>-1 ( 1 )</td></tr><tr><td>15</td><td>balance as of december 31 2008</td><td>$ 1736</td></tr></table> * note that table may not sum due to rounding . contribution expense 2014foundation in may 2006 , in conjunction with our initial public offering ( 201cipo 201d ) , we issued 13496933 shares of our class a common stock as a donation to the foundation that is incorporated in canada and controlled by directors who are independent of us and our customers . the foundation builds on mastercard 2019s existing charitable giving commitments by continuing to support programs and initiatives that help children and youth to access education , understand and utilize technology , and develop the skills necessary to succeed in a diverse and global work force . the vision of the foundation is to make the economy work for everybody by advancing innovative programs in areas of microfinance and youth education . in connection with the donation of the class a common stock , we recorded an expense of $ 395 million which was equal to the aggregate value of the shares we donated . in both 2007 and 2006 , we recorded expenses of $ 20 million for cash donations we made to the foundation , completing our intention , announced at the time of the ipo , to donate approximately $ 40 million in cash to the foundation in support of its operating expenses and charitable disbursements for the first four years of its operations . we may make additional cash contributions to the foundation in the future . the cash and stock donations to the foundation are generally not deductible by mastercard for tax purposes . as a result of this difference between the financial statement and tax treatments of the donations , our effective income tax rate for the year ended december 31 , 2006 is significantly higher than our effective income tax rates for 2007 and 2008 . depreciation and amortization depreciation and amortization expenses increased $ 14 million in 2008 and decreased $ 2 million in 2007 . the increase in depreciation and amortization expense in 2008 is primarily due to increased investments in leasehold and building improvements , data center equipment and capitalized software . the decrease in depreciation and amortization expense in 2007 was primarily related to certain assets becoming fully depreciated . depreciation and amortization will increase as we continue to invest in leasehold and building improvements , data center equipment and capitalized software. .
Question: what is the balance of total liabilities for litigation settlements in 2008?
| 1736.0 |
CONVFINQA3622 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
we recorded liabilities for certain litigation settlements in prior periods . total liabilities for litigation settlements changed from december 31 , 2006 , as follows : ( in millions ) . <table class='wikitable'><tr><td>1</td><td>balance as of december 31 2006</td><td>$ 477</td></tr><tr><td>2</td><td>provision for litigation settlements ( note 20 )</td><td>3</td></tr><tr><td>3</td><td>interest accretion on u.s . merchant lawsuit</td><td>38</td></tr><tr><td>4</td><td>payments</td><td>-114 ( 114 )</td></tr><tr><td>5</td><td>balance as of december 31 2007</td><td>$ 404</td></tr><tr><td>6</td><td>provision for discover settlement</td><td>863</td></tr><tr><td>7</td><td>provision for american express settlement</td><td>1649</td></tr><tr><td>8</td><td>provision for other litigation settlements</td><td>6</td></tr><tr><td>9</td><td>interest accretion on u.s . merchant lawsuit</td><td>33</td></tr><tr><td>10</td><td>interest accretion on american express settlement</td><td>44</td></tr><tr><td>11</td><td>payments on american express settlement</td><td>-300 ( 300 )</td></tr><tr><td>12</td><td>payments on discover settlement</td><td>-863 ( 863 )</td></tr><tr><td>13</td><td>payment on u.s . merchant lawsuit</td><td>-100 ( 100 )</td></tr><tr><td>14</td><td>other payments and accretion</td><td>-1 ( 1 )</td></tr><tr><td>15</td><td>balance as of december 31 2008</td><td>$ 1736</td></tr></table> * note that table may not sum due to rounding . contribution expense 2014foundation in may 2006 , in conjunction with our initial public offering ( 201cipo 201d ) , we issued 13496933 shares of our class a common stock as a donation to the foundation that is incorporated in canada and controlled by directors who are independent of us and our customers . the foundation builds on mastercard 2019s existing charitable giving commitments by continuing to support programs and initiatives that help children and youth to access education , understand and utilize technology , and develop the skills necessary to succeed in a diverse and global work force . the vision of the foundation is to make the economy work for everybody by advancing innovative programs in areas of microfinance and youth education . in connection with the donation of the class a common stock , we recorded an expense of $ 395 million which was equal to the aggregate value of the shares we donated . in both 2007 and 2006 , we recorded expenses of $ 20 million for cash donations we made to the foundation , completing our intention , announced at the time of the ipo , to donate approximately $ 40 million in cash to the foundation in support of its operating expenses and charitable disbursements for the first four years of its operations . we may make additional cash contributions to the foundation in the future . the cash and stock donations to the foundation are generally not deductible by mastercard for tax purposes . as a result of this difference between the financial statement and tax treatments of the donations , our effective income tax rate for the year ended december 31 , 2006 is significantly higher than our effective income tax rates for 2007 and 2008 . depreciation and amortization depreciation and amortization expenses increased $ 14 million in 2008 and decreased $ 2 million in 2007 . the increase in depreciation and amortization expense in 2008 is primarily due to increased investments in leasehold and building improvements , data center equipment and capitalized software . the decrease in depreciation and amortization expense in 2007 was primarily related to certain assets becoming fully depreciated . depreciation and amortization will increase as we continue to invest in leasehold and building improvements , data center equipment and capitalized software. .
Question: what is the balance of total liabilities for litigation settlements in 2008?
Answer: 1736.0
Question: what about in 2007?
| 404.0 |
CONVFINQA3623 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
we recorded liabilities for certain litigation settlements in prior periods . total liabilities for litigation settlements changed from december 31 , 2006 , as follows : ( in millions ) . <table class='wikitable'><tr><td>1</td><td>balance as of december 31 2006</td><td>$ 477</td></tr><tr><td>2</td><td>provision for litigation settlements ( note 20 )</td><td>3</td></tr><tr><td>3</td><td>interest accretion on u.s . merchant lawsuit</td><td>38</td></tr><tr><td>4</td><td>payments</td><td>-114 ( 114 )</td></tr><tr><td>5</td><td>balance as of december 31 2007</td><td>$ 404</td></tr><tr><td>6</td><td>provision for discover settlement</td><td>863</td></tr><tr><td>7</td><td>provision for american express settlement</td><td>1649</td></tr><tr><td>8</td><td>provision for other litigation settlements</td><td>6</td></tr><tr><td>9</td><td>interest accretion on u.s . merchant lawsuit</td><td>33</td></tr><tr><td>10</td><td>interest accretion on american express settlement</td><td>44</td></tr><tr><td>11</td><td>payments on american express settlement</td><td>-300 ( 300 )</td></tr><tr><td>12</td><td>payments on discover settlement</td><td>-863 ( 863 )</td></tr><tr><td>13</td><td>payment on u.s . merchant lawsuit</td><td>-100 ( 100 )</td></tr><tr><td>14</td><td>other payments and accretion</td><td>-1 ( 1 )</td></tr><tr><td>15</td><td>balance as of december 31 2008</td><td>$ 1736</td></tr></table> * note that table may not sum due to rounding . contribution expense 2014foundation in may 2006 , in conjunction with our initial public offering ( 201cipo 201d ) , we issued 13496933 shares of our class a common stock as a donation to the foundation that is incorporated in canada and controlled by directors who are independent of us and our customers . the foundation builds on mastercard 2019s existing charitable giving commitments by continuing to support programs and initiatives that help children and youth to access education , understand and utilize technology , and develop the skills necessary to succeed in a diverse and global work force . the vision of the foundation is to make the economy work for everybody by advancing innovative programs in areas of microfinance and youth education . in connection with the donation of the class a common stock , we recorded an expense of $ 395 million which was equal to the aggregate value of the shares we donated . in both 2007 and 2006 , we recorded expenses of $ 20 million for cash donations we made to the foundation , completing our intention , announced at the time of the ipo , to donate approximately $ 40 million in cash to the foundation in support of its operating expenses and charitable disbursements for the first four years of its operations . we may make additional cash contributions to the foundation in the future . the cash and stock donations to the foundation are generally not deductible by mastercard for tax purposes . as a result of this difference between the financial statement and tax treatments of the donations , our effective income tax rate for the year ended december 31 , 2006 is significantly higher than our effective income tax rates for 2007 and 2008 . depreciation and amortization depreciation and amortization expenses increased $ 14 million in 2008 and decreased $ 2 million in 2007 . the increase in depreciation and amortization expense in 2008 is primarily due to increased investments in leasehold and building improvements , data center equipment and capitalized software . the decrease in depreciation and amortization expense in 2007 was primarily related to certain assets becoming fully depreciated . depreciation and amortization will increase as we continue to invest in leasehold and building improvements , data center equipment and capitalized software. .
Question: what is the balance of total liabilities for litigation settlements in 2008?
Answer: 1736.0
Question: what about in 2007?
Answer: 404.0
Question: what is the net change?
| 1332.0 |
CONVFINQA3624 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
we recorded liabilities for certain litigation settlements in prior periods . total liabilities for litigation settlements changed from december 31 , 2006 , as follows : ( in millions ) . <table class='wikitable'><tr><td>1</td><td>balance as of december 31 2006</td><td>$ 477</td></tr><tr><td>2</td><td>provision for litigation settlements ( note 20 )</td><td>3</td></tr><tr><td>3</td><td>interest accretion on u.s . merchant lawsuit</td><td>38</td></tr><tr><td>4</td><td>payments</td><td>-114 ( 114 )</td></tr><tr><td>5</td><td>balance as of december 31 2007</td><td>$ 404</td></tr><tr><td>6</td><td>provision for discover settlement</td><td>863</td></tr><tr><td>7</td><td>provision for american express settlement</td><td>1649</td></tr><tr><td>8</td><td>provision for other litigation settlements</td><td>6</td></tr><tr><td>9</td><td>interest accretion on u.s . merchant lawsuit</td><td>33</td></tr><tr><td>10</td><td>interest accretion on american express settlement</td><td>44</td></tr><tr><td>11</td><td>payments on american express settlement</td><td>-300 ( 300 )</td></tr><tr><td>12</td><td>payments on discover settlement</td><td>-863 ( 863 )</td></tr><tr><td>13</td><td>payment on u.s . merchant lawsuit</td><td>-100 ( 100 )</td></tr><tr><td>14</td><td>other payments and accretion</td><td>-1 ( 1 )</td></tr><tr><td>15</td><td>balance as of december 31 2008</td><td>$ 1736</td></tr></table> * note that table may not sum due to rounding . contribution expense 2014foundation in may 2006 , in conjunction with our initial public offering ( 201cipo 201d ) , we issued 13496933 shares of our class a common stock as a donation to the foundation that is incorporated in canada and controlled by directors who are independent of us and our customers . the foundation builds on mastercard 2019s existing charitable giving commitments by continuing to support programs and initiatives that help children and youth to access education , understand and utilize technology , and develop the skills necessary to succeed in a diverse and global work force . the vision of the foundation is to make the economy work for everybody by advancing innovative programs in areas of microfinance and youth education . in connection with the donation of the class a common stock , we recorded an expense of $ 395 million which was equal to the aggregate value of the shares we donated . in both 2007 and 2006 , we recorded expenses of $ 20 million for cash donations we made to the foundation , completing our intention , announced at the time of the ipo , to donate approximately $ 40 million in cash to the foundation in support of its operating expenses and charitable disbursements for the first four years of its operations . we may make additional cash contributions to the foundation in the future . the cash and stock donations to the foundation are generally not deductible by mastercard for tax purposes . as a result of this difference between the financial statement and tax treatments of the donations , our effective income tax rate for the year ended december 31 , 2006 is significantly higher than our effective income tax rates for 2007 and 2008 . depreciation and amortization depreciation and amortization expenses increased $ 14 million in 2008 and decreased $ 2 million in 2007 . the increase in depreciation and amortization expense in 2008 is primarily due to increased investments in leasehold and building improvements , data center equipment and capitalized software . the decrease in depreciation and amortization expense in 2007 was primarily related to certain assets becoming fully depreciated . depreciation and amortization will increase as we continue to invest in leasehold and building improvements , data center equipment and capitalized software. .
Question: what is the balance of total liabilities for litigation settlements in 2008?
Answer: 1736.0
Question: what about in 2007?
Answer: 404.0
Question: what is the net change?
Answer: 1332.0
Question: what about the net change during 2007?
| -73.0 |
CONVFINQA3625 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
other expense , net , decreased $ 6.2 million , or 50.0% ( 50.0 % ) , for the year ended december 31 , 2004 compared to the year ended december 31 , 2003 . the decrease was primarily due to a reduction in charges on disposal and transfer costs of fixed assets and facility closure costs of $ 3.3 million , reduced legal charges of $ 1.5 million , and a reduction in expenses of $ 1.4 million consisting of individually insignificant items . interest expense and income taxes interest expense decreased in 2004 by $ 92.2 million , or 75.7% ( 75.7 % ) , from 2003 . this decrease included $ 73.3 million of expenses related to the company 2019s debt refinancing , which was completed in july 2003 . the $ 73.3 million of expenses consisted of $ 55.9 million paid in premiums for the tender of the 95 20448% ( 20448 % ) senior subordinated notes , and a $ 17.4 million non-cash charge for the write-off of deferred financing fees related to the 95 20448% ( 20448 % ) notes and pca 2019s original revolving credit facility . excluding the $ 73.3 million charge , interest expense was $ 18.9 million lower than in 2003 as a result of lower interest rates attributable to the company 2019s july 2003 refinancing and lower debt levels . pca 2019s effective tax rate was 38.0% ( 38.0 % ) for the year ended december 31 , 2004 and 42.3% ( 42.3 % ) for the year ended december 31 , 2003 . the higher tax rate in 2003 is due to stable permanent items over lower book income ( loss ) . for both years 2004 and 2003 tax rates are higher than the federal statutory rate of 35.0% ( 35.0 % ) due to state income taxes . year ended december 31 , 2003 compared to year ended december 31 , 2002 the historical results of operations of pca for the years ended december 31 , 2003 and 2002 are set forth below : for the year ended december 31 , ( in millions ) 2003 2002 change . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2003</td><td>2002</td><td>change</td></tr><tr><td>2</td><td>net sales</td><td>$ 1735.5</td><td>$ 1735.9</td><td>$ -0.4 ( 0.4 )</td></tr><tr><td>3</td><td>income before interest and taxes</td><td>$ 96.9</td><td>$ 145.3</td><td>$ -48.4 ( 48.4 )</td></tr><tr><td>4</td><td>interest expense net</td><td>-121.8 ( 121.8 )</td><td>-67.7 ( 67.7 )</td><td>-54.1 ( 54.1 )</td></tr><tr><td>5</td><td>income ( loss ) before taxes</td><td>-24.9 ( 24.9 )</td><td>77.6</td><td>-102.5 ( 102.5 )</td></tr><tr><td>6</td><td>( provision ) benefit for income taxes</td><td>10.5</td><td>-29.4 ( 29.4 )</td><td>39.9</td></tr><tr><td>7</td><td>net income ( loss )</td><td>$ -14.4 ( 14.4 )</td><td>$ 48.2</td><td>$ -62.6 ( 62.6 )</td></tr></table> net sales net sales decreased by $ 0.4 million , or 0.0% ( 0.0 % ) , for the year ended december 31 , 2003 from the year ended december 31 , 2002 . net sales increased due to improved sales volumes compared to 2002 , however , this increase was entirely offset by lower sales prices . total corrugated products volume sold increased 2.1% ( 2.1 % ) to 28.1 billion square feet in 2003 compared to 27.5 billion square feet in 2002 . on a comparable shipment-per-workday basis , corrugated products sales volume increased 1.7% ( 1.7 % ) in 2003 from 2002 . shipments-per-workday is calculated by dividing our total corrugated products volume during the year by the number of workdays within the year . the lower percentage increase was due to the fact that 2003 had one more workday ( 252 days ) , those days not falling on a weekend or holiday , than 2002 ( 251 days ) . containerboard sales volume to external domestic and export customers decreased 6.7% ( 6.7 % ) to 445000 tons for the year ended december 31 , 2003 from 477000 tons in the comparable period of 2002 . income before interest and taxes income before interest and taxes decreased by $ 48.4 million , or 33.3% ( 33.3 % ) , for the year ended december 31 , 2003 compared to 2002 . included in income before interest and taxes for the twelve months .
Question: what was the change in the pca 2019s effective tax rate throughout the year of 2004?
| 4.3 |
CONVFINQA3626 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
other expense , net , decreased $ 6.2 million , or 50.0% ( 50.0 % ) , for the year ended december 31 , 2004 compared to the year ended december 31 , 2003 . the decrease was primarily due to a reduction in charges on disposal and transfer costs of fixed assets and facility closure costs of $ 3.3 million , reduced legal charges of $ 1.5 million , and a reduction in expenses of $ 1.4 million consisting of individually insignificant items . interest expense and income taxes interest expense decreased in 2004 by $ 92.2 million , or 75.7% ( 75.7 % ) , from 2003 . this decrease included $ 73.3 million of expenses related to the company 2019s debt refinancing , which was completed in july 2003 . the $ 73.3 million of expenses consisted of $ 55.9 million paid in premiums for the tender of the 95 20448% ( 20448 % ) senior subordinated notes , and a $ 17.4 million non-cash charge for the write-off of deferred financing fees related to the 95 20448% ( 20448 % ) notes and pca 2019s original revolving credit facility . excluding the $ 73.3 million charge , interest expense was $ 18.9 million lower than in 2003 as a result of lower interest rates attributable to the company 2019s july 2003 refinancing and lower debt levels . pca 2019s effective tax rate was 38.0% ( 38.0 % ) for the year ended december 31 , 2004 and 42.3% ( 42.3 % ) for the year ended december 31 , 2003 . the higher tax rate in 2003 is due to stable permanent items over lower book income ( loss ) . for both years 2004 and 2003 tax rates are higher than the federal statutory rate of 35.0% ( 35.0 % ) due to state income taxes . year ended december 31 , 2003 compared to year ended december 31 , 2002 the historical results of operations of pca for the years ended december 31 , 2003 and 2002 are set forth below : for the year ended december 31 , ( in millions ) 2003 2002 change . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2003</td><td>2002</td><td>change</td></tr><tr><td>2</td><td>net sales</td><td>$ 1735.5</td><td>$ 1735.9</td><td>$ -0.4 ( 0.4 )</td></tr><tr><td>3</td><td>income before interest and taxes</td><td>$ 96.9</td><td>$ 145.3</td><td>$ -48.4 ( 48.4 )</td></tr><tr><td>4</td><td>interest expense net</td><td>-121.8 ( 121.8 )</td><td>-67.7 ( 67.7 )</td><td>-54.1 ( 54.1 )</td></tr><tr><td>5</td><td>income ( loss ) before taxes</td><td>-24.9 ( 24.9 )</td><td>77.6</td><td>-102.5 ( 102.5 )</td></tr><tr><td>6</td><td>( provision ) benefit for income taxes</td><td>10.5</td><td>-29.4 ( 29.4 )</td><td>39.9</td></tr><tr><td>7</td><td>net income ( loss )</td><td>$ -14.4 ( 14.4 )</td><td>$ 48.2</td><td>$ -62.6 ( 62.6 )</td></tr></table> net sales net sales decreased by $ 0.4 million , or 0.0% ( 0.0 % ) , for the year ended december 31 , 2003 from the year ended december 31 , 2002 . net sales increased due to improved sales volumes compared to 2002 , however , this increase was entirely offset by lower sales prices . total corrugated products volume sold increased 2.1% ( 2.1 % ) to 28.1 billion square feet in 2003 compared to 27.5 billion square feet in 2002 . on a comparable shipment-per-workday basis , corrugated products sales volume increased 1.7% ( 1.7 % ) in 2003 from 2002 . shipments-per-workday is calculated by dividing our total corrugated products volume during the year by the number of workdays within the year . the lower percentage increase was due to the fact that 2003 had one more workday ( 252 days ) , those days not falling on a weekend or holiday , than 2002 ( 251 days ) . containerboard sales volume to external domestic and export customers decreased 6.7% ( 6.7 % ) to 445000 tons for the year ended december 31 , 2003 from 477000 tons in the comparable period of 2002 . income before interest and taxes income before interest and taxes decreased by $ 48.4 million , or 33.3% ( 33.3 % ) , for the year ended december 31 , 2003 compared to 2002 . included in income before interest and taxes for the twelve months .
Question: what was the change in the pca 2019s effective tax rate throughout the year of 2004?
Answer: 4.3
Question: and throughout the precedent year, what was the decline in containerboard sales volume to external domestic and export customers, in tons?
| 32000.0 |
CONVFINQA3627 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
note 21 . expenses during the fourth quarter of 2008 , we elected to provide support to certain investment accounts managed by ssga through the purchase of asset- and mortgage-backed securities and a cash infusion , which resulted in a charge of $ 450 million . ssga manages certain investment accounts , offered to retirement plans , that allow participants to purchase and redeem units at a constant net asset value regardless of volatility in the underlying value of the assets held by the account . the accounts enter into contractual arrangements with independent third-party financial institutions that agree to make up any shortfall in the account if all the units are redeemed at the constant net asset value . the financial institutions have the right , under certain circumstances , to terminate this guarantee with respect to future investments in the account . during 2008 , the liquidity and pricing issues in the fixed-income markets adversely affected the market value of the securities in these accounts to the point that the third-party guarantors considered terminating their financial guarantees with the accounts . although we were not statutorily or contractually obligated to do so , we elected to purchase approximately $ 2.49 billion of asset- and mortgage-backed securities from these accounts that had been identified as presenting increased risk in the current market environment and to contribute an aggregate of $ 450 million to the accounts to improve the ratio of the market value of the accounts 2019 portfolio holdings to the book value of the accounts . we have no ongoing commitment or intent to provide support to these accounts . the securities are carried in investment securities available for sale in our consolidated statement of condition . the components of other expenses were as follows for the years ended december 31: . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>customer indemnification obligation</td><td>$ 200</td><td>-</td><td>-</td></tr><tr><td>3</td><td>securities processing</td><td>187</td><td>$ 79</td><td>$ 37</td></tr><tr><td>4</td><td>other</td><td>505</td><td>399</td><td>281</td></tr><tr><td>5</td><td>total other expenses</td><td>$ 892</td><td>$ 478</td><td>$ 318</td></tr></table> in september and october 2008 , lehman brothers holdings inc. , or lehman brothers , and certain of its affiliates filed for bankruptcy or other insolvency proceedings . while we had no unsecured financial exposure to lehman brothers or its affiliates , we indemnified certain customers in connection with these and other collateralized repurchase agreements with lehman brothers entities . in the then current market environment , the market value of the underlying collateral had declined . during the third quarter of 2008 , to the extent these declines resulted in collateral value falling below the indemnification obligation , we recorded a reserve to provide for our estimated net exposure . the reserve , which totaled $ 200 million , was based on the cost of satisfying the indemnification obligation net of the fair value of the collateral , which we purchased during the fourth quarter of 2008 . the collateral , composed of commercial real estate loans which are discussed in note 5 , is recorded in loans and leases in our consolidated statement of condition. .
Question: what is the customer indemnification obligation in 2008?
| 200.0 |
CONVFINQA3628 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
note 21 . expenses during the fourth quarter of 2008 , we elected to provide support to certain investment accounts managed by ssga through the purchase of asset- and mortgage-backed securities and a cash infusion , which resulted in a charge of $ 450 million . ssga manages certain investment accounts , offered to retirement plans , that allow participants to purchase and redeem units at a constant net asset value regardless of volatility in the underlying value of the assets held by the account . the accounts enter into contractual arrangements with independent third-party financial institutions that agree to make up any shortfall in the account if all the units are redeemed at the constant net asset value . the financial institutions have the right , under certain circumstances , to terminate this guarantee with respect to future investments in the account . during 2008 , the liquidity and pricing issues in the fixed-income markets adversely affected the market value of the securities in these accounts to the point that the third-party guarantors considered terminating their financial guarantees with the accounts . although we were not statutorily or contractually obligated to do so , we elected to purchase approximately $ 2.49 billion of asset- and mortgage-backed securities from these accounts that had been identified as presenting increased risk in the current market environment and to contribute an aggregate of $ 450 million to the accounts to improve the ratio of the market value of the accounts 2019 portfolio holdings to the book value of the accounts . we have no ongoing commitment or intent to provide support to these accounts . the securities are carried in investment securities available for sale in our consolidated statement of condition . the components of other expenses were as follows for the years ended december 31: . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>customer indemnification obligation</td><td>$ 200</td><td>-</td><td>-</td></tr><tr><td>3</td><td>securities processing</td><td>187</td><td>$ 79</td><td>$ 37</td></tr><tr><td>4</td><td>other</td><td>505</td><td>399</td><td>281</td></tr><tr><td>5</td><td>total other expenses</td><td>$ 892</td><td>$ 478</td><td>$ 318</td></tr></table> in september and october 2008 , lehman brothers holdings inc. , or lehman brothers , and certain of its affiliates filed for bankruptcy or other insolvency proceedings . while we had no unsecured financial exposure to lehman brothers or its affiliates , we indemnified certain customers in connection with these and other collateralized repurchase agreements with lehman brothers entities . in the then current market environment , the market value of the underlying collateral had declined . during the third quarter of 2008 , to the extent these declines resulted in collateral value falling below the indemnification obligation , we recorded a reserve to provide for our estimated net exposure . the reserve , which totaled $ 200 million , was based on the cost of satisfying the indemnification obligation net of the fair value of the collateral , which we purchased during the fourth quarter of 2008 . the collateral , composed of commercial real estate loans which are discussed in note 5 , is recorded in loans and leases in our consolidated statement of condition. .
Question: what is the customer indemnification obligation in 2008?
Answer: 200.0
Question: what about the total other expenses?
| 892.0 |
CONVFINQA3629 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
note 21 . expenses during the fourth quarter of 2008 , we elected to provide support to certain investment accounts managed by ssga through the purchase of asset- and mortgage-backed securities and a cash infusion , which resulted in a charge of $ 450 million . ssga manages certain investment accounts , offered to retirement plans , that allow participants to purchase and redeem units at a constant net asset value regardless of volatility in the underlying value of the assets held by the account . the accounts enter into contractual arrangements with independent third-party financial institutions that agree to make up any shortfall in the account if all the units are redeemed at the constant net asset value . the financial institutions have the right , under certain circumstances , to terminate this guarantee with respect to future investments in the account . during 2008 , the liquidity and pricing issues in the fixed-income markets adversely affected the market value of the securities in these accounts to the point that the third-party guarantors considered terminating their financial guarantees with the accounts . although we were not statutorily or contractually obligated to do so , we elected to purchase approximately $ 2.49 billion of asset- and mortgage-backed securities from these accounts that had been identified as presenting increased risk in the current market environment and to contribute an aggregate of $ 450 million to the accounts to improve the ratio of the market value of the accounts 2019 portfolio holdings to the book value of the accounts . we have no ongoing commitment or intent to provide support to these accounts . the securities are carried in investment securities available for sale in our consolidated statement of condition . the components of other expenses were as follows for the years ended december 31: . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>customer indemnification obligation</td><td>$ 200</td><td>-</td><td>-</td></tr><tr><td>3</td><td>securities processing</td><td>187</td><td>$ 79</td><td>$ 37</td></tr><tr><td>4</td><td>other</td><td>505</td><td>399</td><td>281</td></tr><tr><td>5</td><td>total other expenses</td><td>$ 892</td><td>$ 478</td><td>$ 318</td></tr></table> in september and october 2008 , lehman brothers holdings inc. , or lehman brothers , and certain of its affiliates filed for bankruptcy or other insolvency proceedings . while we had no unsecured financial exposure to lehman brothers or its affiliates , we indemnified certain customers in connection with these and other collateralized repurchase agreements with lehman brothers entities . in the then current market environment , the market value of the underlying collateral had declined . during the third quarter of 2008 , to the extent these declines resulted in collateral value falling below the indemnification obligation , we recorded a reserve to provide for our estimated net exposure . the reserve , which totaled $ 200 million , was based on the cost of satisfying the indemnification obligation net of the fair value of the collateral , which we purchased during the fourth quarter of 2008 . the collateral , composed of commercial real estate loans which are discussed in note 5 , is recorded in loans and leases in our consolidated statement of condition. .
Question: what is the customer indemnification obligation in 2008?
Answer: 200.0
Question: what about the total other expenses?
Answer: 892.0
Question: what portion of the total is related to customer indemnification obligation?
| 0.22422 |
CONVFINQA3630 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
note 21 . expenses during the fourth quarter of 2008 , we elected to provide support to certain investment accounts managed by ssga through the purchase of asset- and mortgage-backed securities and a cash infusion , which resulted in a charge of $ 450 million . ssga manages certain investment accounts , offered to retirement plans , that allow participants to purchase and redeem units at a constant net asset value regardless of volatility in the underlying value of the assets held by the account . the accounts enter into contractual arrangements with independent third-party financial institutions that agree to make up any shortfall in the account if all the units are redeemed at the constant net asset value . the financial institutions have the right , under certain circumstances , to terminate this guarantee with respect to future investments in the account . during 2008 , the liquidity and pricing issues in the fixed-income markets adversely affected the market value of the securities in these accounts to the point that the third-party guarantors considered terminating their financial guarantees with the accounts . although we were not statutorily or contractually obligated to do so , we elected to purchase approximately $ 2.49 billion of asset- and mortgage-backed securities from these accounts that had been identified as presenting increased risk in the current market environment and to contribute an aggregate of $ 450 million to the accounts to improve the ratio of the market value of the accounts 2019 portfolio holdings to the book value of the accounts . we have no ongoing commitment or intent to provide support to these accounts . the securities are carried in investment securities available for sale in our consolidated statement of condition . the components of other expenses were as follows for the years ended december 31: . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>customer indemnification obligation</td><td>$ 200</td><td>-</td><td>-</td></tr><tr><td>3</td><td>securities processing</td><td>187</td><td>$ 79</td><td>$ 37</td></tr><tr><td>4</td><td>other</td><td>505</td><td>399</td><td>281</td></tr><tr><td>5</td><td>total other expenses</td><td>$ 892</td><td>$ 478</td><td>$ 318</td></tr></table> in september and october 2008 , lehman brothers holdings inc. , or lehman brothers , and certain of its affiliates filed for bankruptcy or other insolvency proceedings . while we had no unsecured financial exposure to lehman brothers or its affiliates , we indemnified certain customers in connection with these and other collateralized repurchase agreements with lehman brothers entities . in the then current market environment , the market value of the underlying collateral had declined . during the third quarter of 2008 , to the extent these declines resulted in collateral value falling below the indemnification obligation , we recorded a reserve to provide for our estimated net exposure . the reserve , which totaled $ 200 million , was based on the cost of satisfying the indemnification obligation net of the fair value of the collateral , which we purchased during the fourth quarter of 2008 . the collateral , composed of commercial real estate loans which are discussed in note 5 , is recorded in loans and leases in our consolidated statement of condition. .
Question: what is the customer indemnification obligation in 2008?
Answer: 200.0
Question: what about the total other expenses?
Answer: 892.0
Question: what portion of the total is related to customer indemnification obligation?
Answer: 0.22422
Question: what about the expenses related to securities processing in 2007?
| 79.0 |
CONVFINQA3631 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
note 21 . expenses during the fourth quarter of 2008 , we elected to provide support to certain investment accounts managed by ssga through the purchase of asset- and mortgage-backed securities and a cash infusion , which resulted in a charge of $ 450 million . ssga manages certain investment accounts , offered to retirement plans , that allow participants to purchase and redeem units at a constant net asset value regardless of volatility in the underlying value of the assets held by the account . the accounts enter into contractual arrangements with independent third-party financial institutions that agree to make up any shortfall in the account if all the units are redeemed at the constant net asset value . the financial institutions have the right , under certain circumstances , to terminate this guarantee with respect to future investments in the account . during 2008 , the liquidity and pricing issues in the fixed-income markets adversely affected the market value of the securities in these accounts to the point that the third-party guarantors considered terminating their financial guarantees with the accounts . although we were not statutorily or contractually obligated to do so , we elected to purchase approximately $ 2.49 billion of asset- and mortgage-backed securities from these accounts that had been identified as presenting increased risk in the current market environment and to contribute an aggregate of $ 450 million to the accounts to improve the ratio of the market value of the accounts 2019 portfolio holdings to the book value of the accounts . we have no ongoing commitment or intent to provide support to these accounts . the securities are carried in investment securities available for sale in our consolidated statement of condition . the components of other expenses were as follows for the years ended december 31: . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>customer indemnification obligation</td><td>$ 200</td><td>-</td><td>-</td></tr><tr><td>3</td><td>securities processing</td><td>187</td><td>$ 79</td><td>$ 37</td></tr><tr><td>4</td><td>other</td><td>505</td><td>399</td><td>281</td></tr><tr><td>5</td><td>total other expenses</td><td>$ 892</td><td>$ 478</td><td>$ 318</td></tr></table> in september and october 2008 , lehman brothers holdings inc. , or lehman brothers , and certain of its affiliates filed for bankruptcy or other insolvency proceedings . while we had no unsecured financial exposure to lehman brothers or its affiliates , we indemnified certain customers in connection with these and other collateralized repurchase agreements with lehman brothers entities . in the then current market environment , the market value of the underlying collateral had declined . during the third quarter of 2008 , to the extent these declines resulted in collateral value falling below the indemnification obligation , we recorded a reserve to provide for our estimated net exposure . the reserve , which totaled $ 200 million , was based on the cost of satisfying the indemnification obligation net of the fair value of the collateral , which we purchased during the fourth quarter of 2008 . the collateral , composed of commercial real estate loans which are discussed in note 5 , is recorded in loans and leases in our consolidated statement of condition. .
Question: what is the customer indemnification obligation in 2008?
Answer: 200.0
Question: what about the total other expenses?
Answer: 892.0
Question: what portion of the total is related to customer indemnification obligation?
Answer: 0.22422
Question: what about the expenses related to securities processing in 2007?
Answer: 79.0
Question: ans the total other expenses in 2007?
| 478.0 |
CONVFINQA3632 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
note 21 . expenses during the fourth quarter of 2008 , we elected to provide support to certain investment accounts managed by ssga through the purchase of asset- and mortgage-backed securities and a cash infusion , which resulted in a charge of $ 450 million . ssga manages certain investment accounts , offered to retirement plans , that allow participants to purchase and redeem units at a constant net asset value regardless of volatility in the underlying value of the assets held by the account . the accounts enter into contractual arrangements with independent third-party financial institutions that agree to make up any shortfall in the account if all the units are redeemed at the constant net asset value . the financial institutions have the right , under certain circumstances , to terminate this guarantee with respect to future investments in the account . during 2008 , the liquidity and pricing issues in the fixed-income markets adversely affected the market value of the securities in these accounts to the point that the third-party guarantors considered terminating their financial guarantees with the accounts . although we were not statutorily or contractually obligated to do so , we elected to purchase approximately $ 2.49 billion of asset- and mortgage-backed securities from these accounts that had been identified as presenting increased risk in the current market environment and to contribute an aggregate of $ 450 million to the accounts to improve the ratio of the market value of the accounts 2019 portfolio holdings to the book value of the accounts . we have no ongoing commitment or intent to provide support to these accounts . the securities are carried in investment securities available for sale in our consolidated statement of condition . the components of other expenses were as follows for the years ended december 31: . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>customer indemnification obligation</td><td>$ 200</td><td>-</td><td>-</td></tr><tr><td>3</td><td>securities processing</td><td>187</td><td>$ 79</td><td>$ 37</td></tr><tr><td>4</td><td>other</td><td>505</td><td>399</td><td>281</td></tr><tr><td>5</td><td>total other expenses</td><td>$ 892</td><td>$ 478</td><td>$ 318</td></tr></table> in september and october 2008 , lehman brothers holdings inc. , or lehman brothers , and certain of its affiliates filed for bankruptcy or other insolvency proceedings . while we had no unsecured financial exposure to lehman brothers or its affiliates , we indemnified certain customers in connection with these and other collateralized repurchase agreements with lehman brothers entities . in the then current market environment , the market value of the underlying collateral had declined . during the third quarter of 2008 , to the extent these declines resulted in collateral value falling below the indemnification obligation , we recorded a reserve to provide for our estimated net exposure . the reserve , which totaled $ 200 million , was based on the cost of satisfying the indemnification obligation net of the fair value of the collateral , which we purchased during the fourth quarter of 2008 . the collateral , composed of commercial real estate loans which are discussed in note 5 , is recorded in loans and leases in our consolidated statement of condition. .
Question: what is the customer indemnification obligation in 2008?
Answer: 200.0
Question: what about the total other expenses?
Answer: 892.0
Question: what portion of the total is related to customer indemnification obligation?
Answer: 0.22422
Question: what about the expenses related to securities processing in 2007?
Answer: 79.0
Question: ans the total other expenses in 2007?
Answer: 478.0
Question: what portion of the total is related to processing in 2007?
| 0.16527 |
CONVFINQA3633 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
improvements are amortized using the straight-line method over the lesser of the remaining respective lease term or estimated useful lives ranging from 1 to 15 years . goodwill , purchased intangibles and other long-lived assets we review our goodwill for impairment annually , or more frequently , if facts and circumstances warrant a review . we completed our annual impairment test in the second quarter of fiscal 2011 and determined that there was no impairment . in the fourth quarter of fiscal 2011 , we announced changes to our business strategy which resulted in a reduction of forecasted revenue for certain of our products . we performed an update to our goodwill impairment test for the enterprise reporting unit and determined there was no impairment . goodwill is assigned to one or more reporting segments on the date of acquisition . we evaluate goodwill for impairment by comparing the fair value of each of our reporting segments to its carrying value , including the associated goodwill . to determine the fair values , we use the market approach based on comparable publicly traded companies in similar lines of businesses and the income approach based on estimated discounted future cash flows . our cash flow assumptions consider historical and forecasted revenue , operating costs and other relevant factors . we amortize intangible assets with finite lives over their estimated useful lives and review them for impairment whenever an impairment indicator exists . we continually monitor events and changes in circumstances that could indicate carrying amounts of our long-lived assets , including our intangible assets may not be recoverable . when such events or changes in circumstances occur , we assess recoverability by determining whether the carrying value of such assets will be recovered through the undiscounted expected future cash flows . if the future undiscounted cash flows are less than the carrying amount of these assets , we recognize an impairment loss based on any excess of the carrying amount over the fair value of the assets . we did not recognize any intangible asset impairment charges in fiscal 2011 , 2010 or 2009 . our intangible assets are amortized over their estimated useful lives of 1 to 13 years . amortization is based on the pattern in which the economic benefits of the intangible asset will be consumed . the weighted average useful lives of our intangibles assets was as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>weighted averageuseful life ( years )</td></tr><tr><td>2</td><td>purchased technology</td><td>6</td></tr><tr><td>3</td><td>customer contracts and relationships</td><td>10</td></tr><tr><td>4</td><td>trademarks</td><td>7</td></tr><tr><td>5</td><td>acquired rights to use technology</td><td>9</td></tr><tr><td>6</td><td>localization</td><td>1</td></tr><tr><td>7</td><td>other intangibles</td><td>3</td></tr></table> weighted average useful life ( years ) software development costs capitalization of software development costs for software to be sold , leased , or otherwise marketed begins upon the establishment of technological feasibility , which is generally the completion of a working prototype that has been certified as having no critical bugs and is a release candidate . amortization begins once the software is ready for its intended use , generally based on the pattern in which the economic benefits will be consumed . to date , software development costs incurred between completion of a working prototype and general availability of the related product have not been material . internal use software we capitalize costs associated with customized internal-use software systems that have reached the application development stage . such capitalized costs include external direct costs utilized in developing or obtaining the applications and payroll and payroll-related expenses for employees , who are directly associated with the development of the applications . capitalization of such costs begins when the preliminary project stage is complete and ceases at the point in which the project is substantially complete and is ready for its intended purpose . table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) .
Question: what was the weighted average useful life ( years ) of purchased technology?
| 6.0 |
CONVFINQA3634 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
improvements are amortized using the straight-line method over the lesser of the remaining respective lease term or estimated useful lives ranging from 1 to 15 years . goodwill , purchased intangibles and other long-lived assets we review our goodwill for impairment annually , or more frequently , if facts and circumstances warrant a review . we completed our annual impairment test in the second quarter of fiscal 2011 and determined that there was no impairment . in the fourth quarter of fiscal 2011 , we announced changes to our business strategy which resulted in a reduction of forecasted revenue for certain of our products . we performed an update to our goodwill impairment test for the enterprise reporting unit and determined there was no impairment . goodwill is assigned to one or more reporting segments on the date of acquisition . we evaluate goodwill for impairment by comparing the fair value of each of our reporting segments to its carrying value , including the associated goodwill . to determine the fair values , we use the market approach based on comparable publicly traded companies in similar lines of businesses and the income approach based on estimated discounted future cash flows . our cash flow assumptions consider historical and forecasted revenue , operating costs and other relevant factors . we amortize intangible assets with finite lives over their estimated useful lives and review them for impairment whenever an impairment indicator exists . we continually monitor events and changes in circumstances that could indicate carrying amounts of our long-lived assets , including our intangible assets may not be recoverable . when such events or changes in circumstances occur , we assess recoverability by determining whether the carrying value of such assets will be recovered through the undiscounted expected future cash flows . if the future undiscounted cash flows are less than the carrying amount of these assets , we recognize an impairment loss based on any excess of the carrying amount over the fair value of the assets . we did not recognize any intangible asset impairment charges in fiscal 2011 , 2010 or 2009 . our intangible assets are amortized over their estimated useful lives of 1 to 13 years . amortization is based on the pattern in which the economic benefits of the intangible asset will be consumed . the weighted average useful lives of our intangibles assets was as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>weighted averageuseful life ( years )</td></tr><tr><td>2</td><td>purchased technology</td><td>6</td></tr><tr><td>3</td><td>customer contracts and relationships</td><td>10</td></tr><tr><td>4</td><td>trademarks</td><td>7</td></tr><tr><td>5</td><td>acquired rights to use technology</td><td>9</td></tr><tr><td>6</td><td>localization</td><td>1</td></tr><tr><td>7</td><td>other intangibles</td><td>3</td></tr></table> weighted average useful life ( years ) software development costs capitalization of software development costs for software to be sold , leased , or otherwise marketed begins upon the establishment of technological feasibility , which is generally the completion of a working prototype that has been certified as having no critical bugs and is a release candidate . amortization begins once the software is ready for its intended use , generally based on the pattern in which the economic benefits will be consumed . to date , software development costs incurred between completion of a working prototype and general availability of the related product have not been material . internal use software we capitalize costs associated with customized internal-use software systems that have reached the application development stage . such capitalized costs include external direct costs utilized in developing or obtaining the applications and payroll and payroll-related expenses for employees , who are directly associated with the development of the applications . capitalization of such costs begins when the preliminary project stage is complete and ceases at the point in which the project is substantially complete and is ready for its intended purpose . table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) .
Question: what was the weighted average useful life ( years ) of purchased technology?
Answer: 6.0
Question: and what was it for customer contracts and relationships?
| 10.0 |
CONVFINQA3635 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
improvements are amortized using the straight-line method over the lesser of the remaining respective lease term or estimated useful lives ranging from 1 to 15 years . goodwill , purchased intangibles and other long-lived assets we review our goodwill for impairment annually , or more frequently , if facts and circumstances warrant a review . we completed our annual impairment test in the second quarter of fiscal 2011 and determined that there was no impairment . in the fourth quarter of fiscal 2011 , we announced changes to our business strategy which resulted in a reduction of forecasted revenue for certain of our products . we performed an update to our goodwill impairment test for the enterprise reporting unit and determined there was no impairment . goodwill is assigned to one or more reporting segments on the date of acquisition . we evaluate goodwill for impairment by comparing the fair value of each of our reporting segments to its carrying value , including the associated goodwill . to determine the fair values , we use the market approach based on comparable publicly traded companies in similar lines of businesses and the income approach based on estimated discounted future cash flows . our cash flow assumptions consider historical and forecasted revenue , operating costs and other relevant factors . we amortize intangible assets with finite lives over their estimated useful lives and review them for impairment whenever an impairment indicator exists . we continually monitor events and changes in circumstances that could indicate carrying amounts of our long-lived assets , including our intangible assets may not be recoverable . when such events or changes in circumstances occur , we assess recoverability by determining whether the carrying value of such assets will be recovered through the undiscounted expected future cash flows . if the future undiscounted cash flows are less than the carrying amount of these assets , we recognize an impairment loss based on any excess of the carrying amount over the fair value of the assets . we did not recognize any intangible asset impairment charges in fiscal 2011 , 2010 or 2009 . our intangible assets are amortized over their estimated useful lives of 1 to 13 years . amortization is based on the pattern in which the economic benefits of the intangible asset will be consumed . the weighted average useful lives of our intangibles assets was as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>weighted averageuseful life ( years )</td></tr><tr><td>2</td><td>purchased technology</td><td>6</td></tr><tr><td>3</td><td>customer contracts and relationships</td><td>10</td></tr><tr><td>4</td><td>trademarks</td><td>7</td></tr><tr><td>5</td><td>acquired rights to use technology</td><td>9</td></tr><tr><td>6</td><td>localization</td><td>1</td></tr><tr><td>7</td><td>other intangibles</td><td>3</td></tr></table> weighted average useful life ( years ) software development costs capitalization of software development costs for software to be sold , leased , or otherwise marketed begins upon the establishment of technological feasibility , which is generally the completion of a working prototype that has been certified as having no critical bugs and is a release candidate . amortization begins once the software is ready for its intended use , generally based on the pattern in which the economic benefits will be consumed . to date , software development costs incurred between completion of a working prototype and general availability of the related product have not been material . internal use software we capitalize costs associated with customized internal-use software systems that have reached the application development stage . such capitalized costs include external direct costs utilized in developing or obtaining the applications and payroll and payroll-related expenses for employees , who are directly associated with the development of the applications . capitalization of such costs begins when the preliminary project stage is complete and ceases at the point in which the project is substantially complete and is ready for its intended purpose . table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) .
Question: what was the weighted average useful life ( years ) of purchased technology?
Answer: 6.0
Question: and what was it for customer contracts and relationships?
Answer: 10.0
Question: which weighted average useful life, then, of these two was the highest?
| no |
CONVFINQA3636 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
improvements are amortized using the straight-line method over the lesser of the remaining respective lease term or estimated useful lives ranging from 1 to 15 years . goodwill , purchased intangibles and other long-lived assets we review our goodwill for impairment annually , or more frequently , if facts and circumstances warrant a review . we completed our annual impairment test in the second quarter of fiscal 2011 and determined that there was no impairment . in the fourth quarter of fiscal 2011 , we announced changes to our business strategy which resulted in a reduction of forecasted revenue for certain of our products . we performed an update to our goodwill impairment test for the enterprise reporting unit and determined there was no impairment . goodwill is assigned to one or more reporting segments on the date of acquisition . we evaluate goodwill for impairment by comparing the fair value of each of our reporting segments to its carrying value , including the associated goodwill . to determine the fair values , we use the market approach based on comparable publicly traded companies in similar lines of businesses and the income approach based on estimated discounted future cash flows . our cash flow assumptions consider historical and forecasted revenue , operating costs and other relevant factors . we amortize intangible assets with finite lives over their estimated useful lives and review them for impairment whenever an impairment indicator exists . we continually monitor events and changes in circumstances that could indicate carrying amounts of our long-lived assets , including our intangible assets may not be recoverable . when such events or changes in circumstances occur , we assess recoverability by determining whether the carrying value of such assets will be recovered through the undiscounted expected future cash flows . if the future undiscounted cash flows are less than the carrying amount of these assets , we recognize an impairment loss based on any excess of the carrying amount over the fair value of the assets . we did not recognize any intangible asset impairment charges in fiscal 2011 , 2010 or 2009 . our intangible assets are amortized over their estimated useful lives of 1 to 13 years . amortization is based on the pattern in which the economic benefits of the intangible asset will be consumed . the weighted average useful lives of our intangibles assets was as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>weighted averageuseful life ( years )</td></tr><tr><td>2</td><td>purchased technology</td><td>6</td></tr><tr><td>3</td><td>customer contracts and relationships</td><td>10</td></tr><tr><td>4</td><td>trademarks</td><td>7</td></tr><tr><td>5</td><td>acquired rights to use technology</td><td>9</td></tr><tr><td>6</td><td>localization</td><td>1</td></tr><tr><td>7</td><td>other intangibles</td><td>3</td></tr></table> weighted average useful life ( years ) software development costs capitalization of software development costs for software to be sold , leased , or otherwise marketed begins upon the establishment of technological feasibility , which is generally the completion of a working prototype that has been certified as having no critical bugs and is a release candidate . amortization begins once the software is ready for its intended use , generally based on the pattern in which the economic benefits will be consumed . to date , software development costs incurred between completion of a working prototype and general availability of the related product have not been material . internal use software we capitalize costs associated with customized internal-use software systems that have reached the application development stage . such capitalized costs include external direct costs utilized in developing or obtaining the applications and payroll and payroll-related expenses for employees , who are directly associated with the development of the applications . capitalization of such costs begins when the preliminary project stage is complete and ceases at the point in which the project is substantially complete and is ready for its intended purpose . table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) .
Question: what was the weighted average useful life ( years ) of purchased technology?
Answer: 6.0
Question: and what was it for customer contracts and relationships?
Answer: 10.0
Question: which weighted average useful life, then, of these two was the highest?
Answer: no
Question: and for the purchased technology segment, what was the average annual amortization rate?
| 16.66667 |
CONVFINQA3637 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the graph below matches cadence design systems , inc . 2019s cumulative 5-year total shareholder return on common stock with the cumulative total returns of the s&p 500 index , the s&p information technology index , and the nasdaq composite index . the graph assumes that the value of the investment in our common stock , and in each index ( including reinvestment of dividends ) was $ 100 on december 28 , 2002 and tracks it through december 29 , 2007 . comparison of 5 year cumulative total return* among cadence design systems , inc. , the s&p 500 index , the nasdaq composite index and the s&p information technology index 12/29/0712/30/0612/31/051/1/051/3/0412/28/02 cadence design systems , inc . nasdaq composite s & p information technology s & p 500 * $ 100 invested on 12/28/02 in stock or on 12/31/02 in index-including reinvestment of dividends . indexes calculated on month-end basis . copyright b7 2007 , standard & poor 2019s , a division of the mcgraw-hill companies , inc . all rights reserved . www.researchdatagroup.com/s&p.htm . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/28/02</td><td>1/3/04</td><td>1/1/05</td><td>12/31/05</td><td>12/30/06</td><td>12/29/07</td></tr><tr><td>2</td><td>cadence design systems inc .</td><td>100.00</td><td>149.92</td><td>113.38</td><td>138.92</td><td>147.04</td><td>139.82</td></tr><tr><td>3</td><td>s & p 500</td><td>100.00</td><td>128.68</td><td>142.69</td><td>149.70</td><td>173.34</td><td>182.87</td></tr><tr><td>4</td><td>nasdaq composite</td><td>100.00</td><td>149.75</td><td>164.64</td><td>168.60</td><td>187.83</td><td>205.22</td></tr><tr><td>5</td><td>s & p information technology</td><td>100.00</td><td>147.23</td><td>150.99</td><td>152.49</td><td>165.32</td><td>192.28</td></tr></table> the stock price performance included in this graph is not necessarily indicative of future stock price performance .
Question: what was the change in value of the s&p500 from 2006 to 2007?
| 9.53 |
CONVFINQA3638 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the graph below matches cadence design systems , inc . 2019s cumulative 5-year total shareholder return on common stock with the cumulative total returns of the s&p 500 index , the s&p information technology index , and the nasdaq composite index . the graph assumes that the value of the investment in our common stock , and in each index ( including reinvestment of dividends ) was $ 100 on december 28 , 2002 and tracks it through december 29 , 2007 . comparison of 5 year cumulative total return* among cadence design systems , inc. , the s&p 500 index , the nasdaq composite index and the s&p information technology index 12/29/0712/30/0612/31/051/1/051/3/0412/28/02 cadence design systems , inc . nasdaq composite s & p information technology s & p 500 * $ 100 invested on 12/28/02 in stock or on 12/31/02 in index-including reinvestment of dividends . indexes calculated on month-end basis . copyright b7 2007 , standard & poor 2019s , a division of the mcgraw-hill companies , inc . all rights reserved . www.researchdatagroup.com/s&p.htm . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/28/02</td><td>1/3/04</td><td>1/1/05</td><td>12/31/05</td><td>12/30/06</td><td>12/29/07</td></tr><tr><td>2</td><td>cadence design systems inc .</td><td>100.00</td><td>149.92</td><td>113.38</td><td>138.92</td><td>147.04</td><td>139.82</td></tr><tr><td>3</td><td>s & p 500</td><td>100.00</td><td>128.68</td><td>142.69</td><td>149.70</td><td>173.34</td><td>182.87</td></tr><tr><td>4</td><td>nasdaq composite</td><td>100.00</td><td>149.75</td><td>164.64</td><td>168.60</td><td>187.83</td><td>205.22</td></tr><tr><td>5</td><td>s & p information technology</td><td>100.00</td><td>147.23</td><td>150.99</td><td>152.49</td><td>165.32</td><td>192.28</td></tr></table> the stock price performance included in this graph is not necessarily indicative of future stock price performance .
Question: what was the change in value of the s&p500 from 2006 to 2007?
Answer: 9.53
Question: how much does that change represent in relation to the value of that stock in 2006?
| 0.05498 |
CONVFINQA3639 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
o . segment information 2013 ( concluded ) ( 1 ) included in net sales were export sales from the u.s . of $ 246 million , $ 277 million and $ 275 million in 2010 , 2009 and 2008 , respectively . ( 2 ) intra-company sales between segments represented approximately two percent of net sales in 2010 , three percent of net sales in 2009 and one percent of net sales in 2008 . ( 3 ) included in net sales were sales to one customer of $ 1993 million , $ 2053 million and $ 2058 million in 2010 , 2009 and 2008 , respectively . such net sales were included in the following segments : cabinets and related products , plumbing products , decorative architectural products and other specialty products . ( 4 ) net sales from the company 2019s operations in the u.s . were $ 5618 million , $ 5952 million and $ 7150 million in 2010 , 2009 and 2008 , respectively . ( 5 ) net sales , operating ( loss ) profit , property additions and depreciation and amortization expense for 2010 , 2009 and 2008 excluded the results of businesses reported as discontinued operations in 2010 , 2009 and 2008 . ( 6 ) included in segment operating ( loss ) profit for 2010 were impairment charges for goodwill and other intangible assets as follows : plumbing products 2013 $ 1 million ; and installation and other services 2013 $ 720 million . included in segment operating profit ( loss ) for 2009 were impairment charges for goodwill as follows : plumbing products 2013 $ 39 million ; other specialty products 2013 $ 223 million . included in segment operating profit ( loss ) for 2008 were impairment charges for goodwill and other intangible assets as follows : cabinets and related products 2013 $ 59 million ; plumbing products 2013 $ 203 million ; installation and other services 2013 $ 52 million ; and other specialty products 2013 $ 153 million . ( 7 ) general corporate expense , net included those expenses not specifically attributable to the company 2019s segments . ( 8 ) during 2009 , the company recognized a curtailment loss related to the plan to freeze all future benefit accruals beginning january 1 , 2010 under substantially all of the company 2019s domestic qualified and non-qualified defined-benefit pension plans . see note m to the consolidated financial statements . ( 9 ) the charge for litigation settlement in 2009 relates to a business unit in the cabinets and related products segment . the charge for litigation settlement in 2008 relates to a business unit in the installation and other services segment . ( 10 ) see note l to the consolidated financial statements . ( 11 ) long-lived assets of the company 2019s operations in the u.s . and europe were $ 3684 million and $ 617 million , $ 4628 million and $ 690 million , and $ 4887 million and $ 770 million at december 31 , 2010 , 2009 and 2008 , respectively . ( 12 ) segment assets for 2009 and 2008 excluded the assets of businesses reported as discontinued operations . p . other income ( expense ) , net other , net , which is included in other income ( expense ) , net , was as follows , in millions: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>income from cash and cash investments</td><td>$ 6</td><td>$ 7</td><td>$ 22</td></tr><tr><td>3</td><td>other interest income</td><td>1</td><td>2</td><td>2</td></tr><tr><td>4</td><td>income from financial investments net ( note e )</td><td>9</td><td>3</td><td>1</td></tr><tr><td>5</td><td>other items net</td><td>-9 ( 9 )</td><td>17</td><td>-22 ( 22 )</td></tr><tr><td>6</td><td>total other net</td><td>$ 7</td><td>$ 29</td><td>$ 3</td></tr></table> masco corporation notes to consolidated financial statements 2014 ( continued ) .
Question: what was the income from financial investments net in 2010?
| 9.0 |
CONVFINQA3640 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
o . segment information 2013 ( concluded ) ( 1 ) included in net sales were export sales from the u.s . of $ 246 million , $ 277 million and $ 275 million in 2010 , 2009 and 2008 , respectively . ( 2 ) intra-company sales between segments represented approximately two percent of net sales in 2010 , three percent of net sales in 2009 and one percent of net sales in 2008 . ( 3 ) included in net sales were sales to one customer of $ 1993 million , $ 2053 million and $ 2058 million in 2010 , 2009 and 2008 , respectively . such net sales were included in the following segments : cabinets and related products , plumbing products , decorative architectural products and other specialty products . ( 4 ) net sales from the company 2019s operations in the u.s . were $ 5618 million , $ 5952 million and $ 7150 million in 2010 , 2009 and 2008 , respectively . ( 5 ) net sales , operating ( loss ) profit , property additions and depreciation and amortization expense for 2010 , 2009 and 2008 excluded the results of businesses reported as discontinued operations in 2010 , 2009 and 2008 . ( 6 ) included in segment operating ( loss ) profit for 2010 were impairment charges for goodwill and other intangible assets as follows : plumbing products 2013 $ 1 million ; and installation and other services 2013 $ 720 million . included in segment operating profit ( loss ) for 2009 were impairment charges for goodwill as follows : plumbing products 2013 $ 39 million ; other specialty products 2013 $ 223 million . included in segment operating profit ( loss ) for 2008 were impairment charges for goodwill and other intangible assets as follows : cabinets and related products 2013 $ 59 million ; plumbing products 2013 $ 203 million ; installation and other services 2013 $ 52 million ; and other specialty products 2013 $ 153 million . ( 7 ) general corporate expense , net included those expenses not specifically attributable to the company 2019s segments . ( 8 ) during 2009 , the company recognized a curtailment loss related to the plan to freeze all future benefit accruals beginning january 1 , 2010 under substantially all of the company 2019s domestic qualified and non-qualified defined-benefit pension plans . see note m to the consolidated financial statements . ( 9 ) the charge for litigation settlement in 2009 relates to a business unit in the cabinets and related products segment . the charge for litigation settlement in 2008 relates to a business unit in the installation and other services segment . ( 10 ) see note l to the consolidated financial statements . ( 11 ) long-lived assets of the company 2019s operations in the u.s . and europe were $ 3684 million and $ 617 million , $ 4628 million and $ 690 million , and $ 4887 million and $ 770 million at december 31 , 2010 , 2009 and 2008 , respectively . ( 12 ) segment assets for 2009 and 2008 excluded the assets of businesses reported as discontinued operations . p . other income ( expense ) , net other , net , which is included in other income ( expense ) , net , was as follows , in millions: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>income from cash and cash investments</td><td>$ 6</td><td>$ 7</td><td>$ 22</td></tr><tr><td>3</td><td>other interest income</td><td>1</td><td>2</td><td>2</td></tr><tr><td>4</td><td>income from financial investments net ( note e )</td><td>9</td><td>3</td><td>1</td></tr><tr><td>5</td><td>other items net</td><td>-9 ( 9 )</td><td>17</td><td>-22 ( 22 )</td></tr><tr><td>6</td><td>total other net</td><td>$ 7</td><td>$ 29</td><td>$ 3</td></tr></table> masco corporation notes to consolidated financial statements 2014 ( continued ) .
Question: what was the income from financial investments net in 2010?
Answer: 9.0
Question: and in 2009?
| 3.0 |
CONVFINQA3641 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
o . segment information 2013 ( concluded ) ( 1 ) included in net sales were export sales from the u.s . of $ 246 million , $ 277 million and $ 275 million in 2010 , 2009 and 2008 , respectively . ( 2 ) intra-company sales between segments represented approximately two percent of net sales in 2010 , three percent of net sales in 2009 and one percent of net sales in 2008 . ( 3 ) included in net sales were sales to one customer of $ 1993 million , $ 2053 million and $ 2058 million in 2010 , 2009 and 2008 , respectively . such net sales were included in the following segments : cabinets and related products , plumbing products , decorative architectural products and other specialty products . ( 4 ) net sales from the company 2019s operations in the u.s . were $ 5618 million , $ 5952 million and $ 7150 million in 2010 , 2009 and 2008 , respectively . ( 5 ) net sales , operating ( loss ) profit , property additions and depreciation and amortization expense for 2010 , 2009 and 2008 excluded the results of businesses reported as discontinued operations in 2010 , 2009 and 2008 . ( 6 ) included in segment operating ( loss ) profit for 2010 were impairment charges for goodwill and other intangible assets as follows : plumbing products 2013 $ 1 million ; and installation and other services 2013 $ 720 million . included in segment operating profit ( loss ) for 2009 were impairment charges for goodwill as follows : plumbing products 2013 $ 39 million ; other specialty products 2013 $ 223 million . included in segment operating profit ( loss ) for 2008 were impairment charges for goodwill and other intangible assets as follows : cabinets and related products 2013 $ 59 million ; plumbing products 2013 $ 203 million ; installation and other services 2013 $ 52 million ; and other specialty products 2013 $ 153 million . ( 7 ) general corporate expense , net included those expenses not specifically attributable to the company 2019s segments . ( 8 ) during 2009 , the company recognized a curtailment loss related to the plan to freeze all future benefit accruals beginning january 1 , 2010 under substantially all of the company 2019s domestic qualified and non-qualified defined-benefit pension plans . see note m to the consolidated financial statements . ( 9 ) the charge for litigation settlement in 2009 relates to a business unit in the cabinets and related products segment . the charge for litigation settlement in 2008 relates to a business unit in the installation and other services segment . ( 10 ) see note l to the consolidated financial statements . ( 11 ) long-lived assets of the company 2019s operations in the u.s . and europe were $ 3684 million and $ 617 million , $ 4628 million and $ 690 million , and $ 4887 million and $ 770 million at december 31 , 2010 , 2009 and 2008 , respectively . ( 12 ) segment assets for 2009 and 2008 excluded the assets of businesses reported as discontinued operations . p . other income ( expense ) , net other , net , which is included in other income ( expense ) , net , was as follows , in millions: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>income from cash and cash investments</td><td>$ 6</td><td>$ 7</td><td>$ 22</td></tr><tr><td>3</td><td>other interest income</td><td>1</td><td>2</td><td>2</td></tr><tr><td>4</td><td>income from financial investments net ( note e )</td><td>9</td><td>3</td><td>1</td></tr><tr><td>5</td><td>other items net</td><td>-9 ( 9 )</td><td>17</td><td>-22 ( 22 )</td></tr><tr><td>6</td><td>total other net</td><td>$ 7</td><td>$ 29</td><td>$ 3</td></tr></table> masco corporation notes to consolidated financial statements 2014 ( continued ) .
Question: what was the income from financial investments net in 2010?
Answer: 9.0
Question: and in 2009?
Answer: 3.0
Question: so what was the difference between these two years?
| 6.0 |
CONVFINQA3642 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
o . segment information 2013 ( concluded ) ( 1 ) included in net sales were export sales from the u.s . of $ 246 million , $ 277 million and $ 275 million in 2010 , 2009 and 2008 , respectively . ( 2 ) intra-company sales between segments represented approximately two percent of net sales in 2010 , three percent of net sales in 2009 and one percent of net sales in 2008 . ( 3 ) included in net sales were sales to one customer of $ 1993 million , $ 2053 million and $ 2058 million in 2010 , 2009 and 2008 , respectively . such net sales were included in the following segments : cabinets and related products , plumbing products , decorative architectural products and other specialty products . ( 4 ) net sales from the company 2019s operations in the u.s . were $ 5618 million , $ 5952 million and $ 7150 million in 2010 , 2009 and 2008 , respectively . ( 5 ) net sales , operating ( loss ) profit , property additions and depreciation and amortization expense for 2010 , 2009 and 2008 excluded the results of businesses reported as discontinued operations in 2010 , 2009 and 2008 . ( 6 ) included in segment operating ( loss ) profit for 2010 were impairment charges for goodwill and other intangible assets as follows : plumbing products 2013 $ 1 million ; and installation and other services 2013 $ 720 million . included in segment operating profit ( loss ) for 2009 were impairment charges for goodwill as follows : plumbing products 2013 $ 39 million ; other specialty products 2013 $ 223 million . included in segment operating profit ( loss ) for 2008 were impairment charges for goodwill and other intangible assets as follows : cabinets and related products 2013 $ 59 million ; plumbing products 2013 $ 203 million ; installation and other services 2013 $ 52 million ; and other specialty products 2013 $ 153 million . ( 7 ) general corporate expense , net included those expenses not specifically attributable to the company 2019s segments . ( 8 ) during 2009 , the company recognized a curtailment loss related to the plan to freeze all future benefit accruals beginning january 1 , 2010 under substantially all of the company 2019s domestic qualified and non-qualified defined-benefit pension plans . see note m to the consolidated financial statements . ( 9 ) the charge for litigation settlement in 2009 relates to a business unit in the cabinets and related products segment . the charge for litigation settlement in 2008 relates to a business unit in the installation and other services segment . ( 10 ) see note l to the consolidated financial statements . ( 11 ) long-lived assets of the company 2019s operations in the u.s . and europe were $ 3684 million and $ 617 million , $ 4628 million and $ 690 million , and $ 4887 million and $ 770 million at december 31 , 2010 , 2009 and 2008 , respectively . ( 12 ) segment assets for 2009 and 2008 excluded the assets of businesses reported as discontinued operations . p . other income ( expense ) , net other , net , which is included in other income ( expense ) , net , was as follows , in millions: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>income from cash and cash investments</td><td>$ 6</td><td>$ 7</td><td>$ 22</td></tr><tr><td>3</td><td>other interest income</td><td>1</td><td>2</td><td>2</td></tr><tr><td>4</td><td>income from financial investments net ( note e )</td><td>9</td><td>3</td><td>1</td></tr><tr><td>5</td><td>other items net</td><td>-9 ( 9 )</td><td>17</td><td>-22 ( 22 )</td></tr><tr><td>6</td><td>total other net</td><td>$ 7</td><td>$ 29</td><td>$ 3</td></tr></table> masco corporation notes to consolidated financial statements 2014 ( continued ) .
Question: what was the income from financial investments net in 2010?
Answer: 9.0
Question: and in 2009?
Answer: 3.0
Question: so what was the difference between these two years?
Answer: 6.0
Question: and the value for 2009 again?
| 3.0 |
CONVFINQA3643 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
o . segment information 2013 ( concluded ) ( 1 ) included in net sales were export sales from the u.s . of $ 246 million , $ 277 million and $ 275 million in 2010 , 2009 and 2008 , respectively . ( 2 ) intra-company sales between segments represented approximately two percent of net sales in 2010 , three percent of net sales in 2009 and one percent of net sales in 2008 . ( 3 ) included in net sales were sales to one customer of $ 1993 million , $ 2053 million and $ 2058 million in 2010 , 2009 and 2008 , respectively . such net sales were included in the following segments : cabinets and related products , plumbing products , decorative architectural products and other specialty products . ( 4 ) net sales from the company 2019s operations in the u.s . were $ 5618 million , $ 5952 million and $ 7150 million in 2010 , 2009 and 2008 , respectively . ( 5 ) net sales , operating ( loss ) profit , property additions and depreciation and amortization expense for 2010 , 2009 and 2008 excluded the results of businesses reported as discontinued operations in 2010 , 2009 and 2008 . ( 6 ) included in segment operating ( loss ) profit for 2010 were impairment charges for goodwill and other intangible assets as follows : plumbing products 2013 $ 1 million ; and installation and other services 2013 $ 720 million . included in segment operating profit ( loss ) for 2009 were impairment charges for goodwill as follows : plumbing products 2013 $ 39 million ; other specialty products 2013 $ 223 million . included in segment operating profit ( loss ) for 2008 were impairment charges for goodwill and other intangible assets as follows : cabinets and related products 2013 $ 59 million ; plumbing products 2013 $ 203 million ; installation and other services 2013 $ 52 million ; and other specialty products 2013 $ 153 million . ( 7 ) general corporate expense , net included those expenses not specifically attributable to the company 2019s segments . ( 8 ) during 2009 , the company recognized a curtailment loss related to the plan to freeze all future benefit accruals beginning january 1 , 2010 under substantially all of the company 2019s domestic qualified and non-qualified defined-benefit pension plans . see note m to the consolidated financial statements . ( 9 ) the charge for litigation settlement in 2009 relates to a business unit in the cabinets and related products segment . the charge for litigation settlement in 2008 relates to a business unit in the installation and other services segment . ( 10 ) see note l to the consolidated financial statements . ( 11 ) long-lived assets of the company 2019s operations in the u.s . and europe were $ 3684 million and $ 617 million , $ 4628 million and $ 690 million , and $ 4887 million and $ 770 million at december 31 , 2010 , 2009 and 2008 , respectively . ( 12 ) segment assets for 2009 and 2008 excluded the assets of businesses reported as discontinued operations . p . other income ( expense ) , net other , net , which is included in other income ( expense ) , net , was as follows , in millions: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>income from cash and cash investments</td><td>$ 6</td><td>$ 7</td><td>$ 22</td></tr><tr><td>3</td><td>other interest income</td><td>1</td><td>2</td><td>2</td></tr><tr><td>4</td><td>income from financial investments net ( note e )</td><td>9</td><td>3</td><td>1</td></tr><tr><td>5</td><td>other items net</td><td>-9 ( 9 )</td><td>17</td><td>-22 ( 22 )</td></tr><tr><td>6</td><td>total other net</td><td>$ 7</td><td>$ 29</td><td>$ 3</td></tr></table> masco corporation notes to consolidated financial statements 2014 ( continued ) .
Question: what was the income from financial investments net in 2010?
Answer: 9.0
Question: and in 2009?
Answer: 3.0
Question: so what was the difference between these two years?
Answer: 6.0
Question: and the value for 2009 again?
Answer: 3.0
Question: so what was the percentage increase during this time?
| 2.0 |
CONVFINQA3644 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
entergy corporation and subsidiaries notes to financial statements entergy new orleans securitization bonds - hurricane isaac in may 2015 the city council issued a financing order authorizing the issuance of securitization bonds to recover entergy new orleans 2019s hurricane isaac storm restoration costs of $ 31.8 million , including carrying costs , the costs of funding and replenishing the storm recovery reserve in the amount of $ 63.9 million , and approximately $ 3 million of up-front financing costs associated with the securitization . in july 2015 , entergy new orleans storm recovery funding i , l.l.c. , a company wholly owned and consolidated by entergy new orleans , issued $ 98.7 million of storm cost recovery bonds . the bonds have a coupon of 2.67% ( 2.67 % ) and an expected maturity date of june 2024 . although the principal amount is not due until the date given above , entergy new orleans storm recovery funding expects to make principal payments on the bonds over the next five years in the amounts of $ 11.4 million for 2016 , $ 10.6 million for 2017 , $ 11 million for 2018 , $ 11.2 million for 2019 , and $ 11.6 million for 2020 . with the proceeds , entergy new orleans storm recovery funding purchased from entergy new orleans the storm recovery property , which is the right to recover from customers through a storm recovery charge amounts sufficient to service the securitization bonds . the storm recovery property is reflected as a regulatory asset on the consolidated entergy new orleans balance sheet . the creditors of entergy new orleans do not have recourse to the assets or revenues of entergy new orleans storm recovery funding , including the storm recovery property , and the creditors of entergy new orleans storm recovery funding do not have recourse to the assets or revenues of entergy new orleans . entergy new orleans has no payment obligations to entergy new orleans storm recovery funding except to remit storm recovery charge collections . entergy texas securitization bonds - hurricane rita in april 2007 the puct issued a financing order authorizing the issuance of securitization bonds to recover $ 353 million of entergy texas 2019s hurricane rita reconstruction costs and up to $ 6 million of transaction costs , offset by $ 32 million of related deferred income tax benefits . in june 2007 , entergy gulf states reconstruction funding i , llc , a company that is now wholly-owned and consolidated by entergy texas , issued $ 329.5 million of senior secured transition bonds ( securitization bonds ) as follows : amount ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in thousands )</td></tr><tr><td>2</td><td>senior secured transition bonds series a:</td><td>-</td></tr><tr><td>3</td><td>tranche a-1 ( 5.51% ( 5.51 % ) ) due october 2013</td><td>$ 93500</td></tr><tr><td>4</td><td>tranche a-2 ( 5.79% ( 5.79 % ) ) due october 2018</td><td>121600</td></tr><tr><td>5</td><td>tranche a-3 ( 5.93% ( 5.93 % ) ) due june 2022</td><td>114400</td></tr><tr><td>6</td><td>total senior secured transition bonds</td><td>$ 329500</td></tr></table> although the principal amount of each tranche is not due until the dates given above , entergy gulf states reconstruction funding expects to make principal payments on the bonds over the next five years in the amounts of $ 26 million for 2016 , $ 27.6 million for 2017 , $ 29.2 million for 2018 , $ 30.9 million for 2019 , and $ 32.8 million for 2020 . all of the scheduled principal payments for 2016 are for tranche a-2 , $ 23.6 million of the scheduled principal payments for 2017 are for tranche a-2 and $ 4 million of the scheduled principal payments for 2017 are for tranche a-3 . all of the scheduled principal payments for 2018-2020 are for tranche a-3 . with the proceeds , entergy gulf states reconstruction funding purchased from entergy texas the transition property , which is the right to recover from customers through a transition charge amounts sufficient to service the securitization bonds . the transition property is reflected as a regulatory asset on the consolidated entergy texas balance sheet . the creditors of entergy texas do not have recourse to the assets or revenues of entergy gulf states reconstruction funding , including the transition property , and the creditors of entergy gulf states reconstruction funding do not have recourse to the assets or revenues of entergy texas . entergy texas has no payment obligations to entergy gulf states reconstruction funding except to remit transition charge collections. .
Question: what was the total of principal payments in 2017, in thousands?
| 27600.0 |
CONVFINQA3645 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
entergy corporation and subsidiaries notes to financial statements entergy new orleans securitization bonds - hurricane isaac in may 2015 the city council issued a financing order authorizing the issuance of securitization bonds to recover entergy new orleans 2019s hurricane isaac storm restoration costs of $ 31.8 million , including carrying costs , the costs of funding and replenishing the storm recovery reserve in the amount of $ 63.9 million , and approximately $ 3 million of up-front financing costs associated with the securitization . in july 2015 , entergy new orleans storm recovery funding i , l.l.c. , a company wholly owned and consolidated by entergy new orleans , issued $ 98.7 million of storm cost recovery bonds . the bonds have a coupon of 2.67% ( 2.67 % ) and an expected maturity date of june 2024 . although the principal amount is not due until the date given above , entergy new orleans storm recovery funding expects to make principal payments on the bonds over the next five years in the amounts of $ 11.4 million for 2016 , $ 10.6 million for 2017 , $ 11 million for 2018 , $ 11.2 million for 2019 , and $ 11.6 million for 2020 . with the proceeds , entergy new orleans storm recovery funding purchased from entergy new orleans the storm recovery property , which is the right to recover from customers through a storm recovery charge amounts sufficient to service the securitization bonds . the storm recovery property is reflected as a regulatory asset on the consolidated entergy new orleans balance sheet . the creditors of entergy new orleans do not have recourse to the assets or revenues of entergy new orleans storm recovery funding , including the storm recovery property , and the creditors of entergy new orleans storm recovery funding do not have recourse to the assets or revenues of entergy new orleans . entergy new orleans has no payment obligations to entergy new orleans storm recovery funding except to remit storm recovery charge collections . entergy texas securitization bonds - hurricane rita in april 2007 the puct issued a financing order authorizing the issuance of securitization bonds to recover $ 353 million of entergy texas 2019s hurricane rita reconstruction costs and up to $ 6 million of transaction costs , offset by $ 32 million of related deferred income tax benefits . in june 2007 , entergy gulf states reconstruction funding i , llc , a company that is now wholly-owned and consolidated by entergy texas , issued $ 329.5 million of senior secured transition bonds ( securitization bonds ) as follows : amount ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in thousands )</td></tr><tr><td>2</td><td>senior secured transition bonds series a:</td><td>-</td></tr><tr><td>3</td><td>tranche a-1 ( 5.51% ( 5.51 % ) ) due october 2013</td><td>$ 93500</td></tr><tr><td>4</td><td>tranche a-2 ( 5.79% ( 5.79 % ) ) due october 2018</td><td>121600</td></tr><tr><td>5</td><td>tranche a-3 ( 5.93% ( 5.93 % ) ) due june 2022</td><td>114400</td></tr><tr><td>6</td><td>total senior secured transition bonds</td><td>$ 329500</td></tr></table> although the principal amount of each tranche is not due until the dates given above , entergy gulf states reconstruction funding expects to make principal payments on the bonds over the next five years in the amounts of $ 26 million for 2016 , $ 27.6 million for 2017 , $ 29.2 million for 2018 , $ 30.9 million for 2019 , and $ 32.8 million for 2020 . all of the scheduled principal payments for 2016 are for tranche a-2 , $ 23.6 million of the scheduled principal payments for 2017 are for tranche a-2 and $ 4 million of the scheduled principal payments for 2017 are for tranche a-3 . all of the scheduled principal payments for 2018-2020 are for tranche a-3 . with the proceeds , entergy gulf states reconstruction funding purchased from entergy texas the transition property , which is the right to recover from customers through a transition charge amounts sufficient to service the securitization bonds . the transition property is reflected as a regulatory asset on the consolidated entergy texas balance sheet . the creditors of entergy texas do not have recourse to the assets or revenues of entergy gulf states reconstruction funding , including the transition property , and the creditors of entergy gulf states reconstruction funding do not have recourse to the assets or revenues of entergy texas . entergy texas has no payment obligations to entergy gulf states reconstruction funding except to remit transition charge collections. .
Question: what was the total of principal payments in 2017, in thousands?
Answer: 27600.0
Question: how much does this total represent, in percentage, in relation to the total senior secured transition bonds?
| 0.08376 |
CONVFINQA3646 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
on october 21 , 2004 , the hartford declared a dividend on its common stock of $ 0.29 per share payable on january 3 , 2005 to shareholders of record as of december 1 , 2004 . the hartford declared $ 331 and paid $ 325 in dividends to shareholders in 2004 , declared $ 300 and paid $ 291 in dividends to shareholders in 2003 , declared $ 262 and paid $ 257 in 2002 . aoci - aoci increased by $ 179 as of december 31 , 2004 compared with december 31 , 2003 . the increase in aoci is primarily the result of life 2019s adoption of sop 03-1 , which resulted in a $ 292 cumulative effect for unrealized gains on securities in the first quarter of 2004 related to the reclassification of investments from separate account assets to general account assets , partially offset by net unrealized losses on cash-flow hedging instruments . the funded status of the company 2019s pension and postretirement plans is dependent upon many factors , including returns on invested assets and the level of market interest rates . declines in the value of securities traded in equity markets coupled with declines in long- term interest rates have had a negative impact on the funded status of the plans . as a result , the company recorded a minimum pension liability as of december 31 , 2004 , and 2003 , which resulted in an after-tax reduction of stockholders 2019 equity of $ 480 and $ 375 respectively . this minimum pension liability did not affect the company 2019s results of operations . for additional information on stockholders 2019 equity and aoci see notes 15 and 16 , respectively , of notes to consolidated financial statements . cash flow 2004 2003 2002 . <table class='wikitable'><tr><td>1</td><td>cash flow</td><td>2004</td><td>2003</td><td>2002</td></tr><tr><td>2</td><td>net cash provided by operating activities</td><td>$ 2634</td><td>$ 3896</td><td>$ 2577</td></tr><tr><td>3</td><td>net cash used for investing activities</td><td>$ -2401 ( 2401 )</td><td>$ -8387 ( 8387 )</td><td>$ -6600 ( 6600 )</td></tr><tr><td>4</td><td>net cash provided by financing activities</td><td>$ 477</td><td>$ 4608</td><td>$ 4037</td></tr><tr><td>5</td><td>cash 2014 end of year</td><td>$ 1148</td><td>$ 462</td><td>$ 377</td></tr></table> 2004 compared to 2003 2014 cash from operating activities primarily reflects premium cash flows in excess of claim payments . the decrease in cash provided by operating activities was due primarily to the $ 1.15 billion settlement of the macarthur litigation in 2004 . cash provided by financing activities decreased primarily due to lower proceeds from investment and universal life-type contracts as a result of the adoption of sop 03-1 , decreased capital raising activities , repayment of commercial paper and early retirement of junior subordinated debentures in 2004 . the decrease in cash from financing activities and operating cash flows invested long-term accounted for the majority of the change in cash used for investing activities . 2003 compared to 2002 2014 the increase in cash provided by operating activities was primarily the result of strong premium cash flows . financing activities increased primarily due to capital raising activities related to the 2003 asbestos reserve addition and decreased due to repayments on long-term debt and lower proceeds from investment and universal life-type contracts . the increase in cash from financing activities accounted for the majority of the change in cash used for investing activities . operating cash flows in each of the last three years have been adequate to meet liquidity requirements . equity markets for a discussion of the potential impact of the equity markets on capital and liquidity , see the capital markets risk management section under 201cmarket risk 201d . ratings ratings are an important factor in establishing the competitive position in the insurance and financial services marketplace . there can be no assurance that the company's ratings will continue for any given period of time or that they will not be changed . in the event the company's ratings are downgraded , the level of revenues or the persistency of the company's business may be adversely impacted . on august 4 , 2004 , moody 2019s affirmed the company 2019s and hartford life , inc . 2019s a3 senior debt ratings as well as the aa3 insurance financial strength ratings of both its property-casualty and life insurance operating subsidiaries . in addition , moody 2019s changed the outlook for all of these ratings from negative to stable . since the announcement of the suit filed by the new york attorney general 2019s office against marsh & mclennan companies , inc. , and marsh , inc . on october 14 , 2004 , the major independent ratings agencies have indicated that they continue to monitor developments relating to the suit . on october 22 , 2004 , standard & poor 2019s revised its outlook on the u.s . property/casualty commercial lines sector to negative from stable . on november 23 , 2004 , standard & poor 2019s revised its outlook on the financial strength and credit ratings of the property-casualty insurance subsidiaries to negative from stable . the outlook on the life insurance subsidiaries and corporate debt was unaffected. .
Question: in 2014, what percentage of the hartford declared dividends was paid to shareholders?
| 0.98187 |
CONVFINQA3647 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
on october 21 , 2004 , the hartford declared a dividend on its common stock of $ 0.29 per share payable on january 3 , 2005 to shareholders of record as of december 1 , 2004 . the hartford declared $ 331 and paid $ 325 in dividends to shareholders in 2004 , declared $ 300 and paid $ 291 in dividends to shareholders in 2003 , declared $ 262 and paid $ 257 in 2002 . aoci - aoci increased by $ 179 as of december 31 , 2004 compared with december 31 , 2003 . the increase in aoci is primarily the result of life 2019s adoption of sop 03-1 , which resulted in a $ 292 cumulative effect for unrealized gains on securities in the first quarter of 2004 related to the reclassification of investments from separate account assets to general account assets , partially offset by net unrealized losses on cash-flow hedging instruments . the funded status of the company 2019s pension and postretirement plans is dependent upon many factors , including returns on invested assets and the level of market interest rates . declines in the value of securities traded in equity markets coupled with declines in long- term interest rates have had a negative impact on the funded status of the plans . as a result , the company recorded a minimum pension liability as of december 31 , 2004 , and 2003 , which resulted in an after-tax reduction of stockholders 2019 equity of $ 480 and $ 375 respectively . this minimum pension liability did not affect the company 2019s results of operations . for additional information on stockholders 2019 equity and aoci see notes 15 and 16 , respectively , of notes to consolidated financial statements . cash flow 2004 2003 2002 . <table class='wikitable'><tr><td>1</td><td>cash flow</td><td>2004</td><td>2003</td><td>2002</td></tr><tr><td>2</td><td>net cash provided by operating activities</td><td>$ 2634</td><td>$ 3896</td><td>$ 2577</td></tr><tr><td>3</td><td>net cash used for investing activities</td><td>$ -2401 ( 2401 )</td><td>$ -8387 ( 8387 )</td><td>$ -6600 ( 6600 )</td></tr><tr><td>4</td><td>net cash provided by financing activities</td><td>$ 477</td><td>$ 4608</td><td>$ 4037</td></tr><tr><td>5</td><td>cash 2014 end of year</td><td>$ 1148</td><td>$ 462</td><td>$ 377</td></tr></table> 2004 compared to 2003 2014 cash from operating activities primarily reflects premium cash flows in excess of claim payments . the decrease in cash provided by operating activities was due primarily to the $ 1.15 billion settlement of the macarthur litigation in 2004 . cash provided by financing activities decreased primarily due to lower proceeds from investment and universal life-type contracts as a result of the adoption of sop 03-1 , decreased capital raising activities , repayment of commercial paper and early retirement of junior subordinated debentures in 2004 . the decrease in cash from financing activities and operating cash flows invested long-term accounted for the majority of the change in cash used for investing activities . 2003 compared to 2002 2014 the increase in cash provided by operating activities was primarily the result of strong premium cash flows . financing activities increased primarily due to capital raising activities related to the 2003 asbestos reserve addition and decreased due to repayments on long-term debt and lower proceeds from investment and universal life-type contracts . the increase in cash from financing activities accounted for the majority of the change in cash used for investing activities . operating cash flows in each of the last three years have been adequate to meet liquidity requirements . equity markets for a discussion of the potential impact of the equity markets on capital and liquidity , see the capital markets risk management section under 201cmarket risk 201d . ratings ratings are an important factor in establishing the competitive position in the insurance and financial services marketplace . there can be no assurance that the company's ratings will continue for any given period of time or that they will not be changed . in the event the company's ratings are downgraded , the level of revenues or the persistency of the company's business may be adversely impacted . on august 4 , 2004 , moody 2019s affirmed the company 2019s and hartford life , inc . 2019s a3 senior debt ratings as well as the aa3 insurance financial strength ratings of both its property-casualty and life insurance operating subsidiaries . in addition , moody 2019s changed the outlook for all of these ratings from negative to stable . since the announcement of the suit filed by the new york attorney general 2019s office against marsh & mclennan companies , inc. , and marsh , inc . on october 14 , 2004 , the major independent ratings agencies have indicated that they continue to monitor developments relating to the suit . on october 22 , 2004 , standard & poor 2019s revised its outlook on the u.s . property/casualty commercial lines sector to negative from stable . on november 23 , 2004 , standard & poor 2019s revised its outlook on the financial strength and credit ratings of the property-casualty insurance subsidiaries to negative from stable . the outlook on the life insurance subsidiaries and corporate debt was unaffected. .
Question: in 2014, what percentage of the hartford declared dividends was paid to shareholders?
Answer: 0.98187
Question: and in that same year, what was the net cash provided by operating activities?
| 2634.0 |
CONVFINQA3648 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
on october 21 , 2004 , the hartford declared a dividend on its common stock of $ 0.29 per share payable on january 3 , 2005 to shareholders of record as of december 1 , 2004 . the hartford declared $ 331 and paid $ 325 in dividends to shareholders in 2004 , declared $ 300 and paid $ 291 in dividends to shareholders in 2003 , declared $ 262 and paid $ 257 in 2002 . aoci - aoci increased by $ 179 as of december 31 , 2004 compared with december 31 , 2003 . the increase in aoci is primarily the result of life 2019s adoption of sop 03-1 , which resulted in a $ 292 cumulative effect for unrealized gains on securities in the first quarter of 2004 related to the reclassification of investments from separate account assets to general account assets , partially offset by net unrealized losses on cash-flow hedging instruments . the funded status of the company 2019s pension and postretirement plans is dependent upon many factors , including returns on invested assets and the level of market interest rates . declines in the value of securities traded in equity markets coupled with declines in long- term interest rates have had a negative impact on the funded status of the plans . as a result , the company recorded a minimum pension liability as of december 31 , 2004 , and 2003 , which resulted in an after-tax reduction of stockholders 2019 equity of $ 480 and $ 375 respectively . this minimum pension liability did not affect the company 2019s results of operations . for additional information on stockholders 2019 equity and aoci see notes 15 and 16 , respectively , of notes to consolidated financial statements . cash flow 2004 2003 2002 . <table class='wikitable'><tr><td>1</td><td>cash flow</td><td>2004</td><td>2003</td><td>2002</td></tr><tr><td>2</td><td>net cash provided by operating activities</td><td>$ 2634</td><td>$ 3896</td><td>$ 2577</td></tr><tr><td>3</td><td>net cash used for investing activities</td><td>$ -2401 ( 2401 )</td><td>$ -8387 ( 8387 )</td><td>$ -6600 ( 6600 )</td></tr><tr><td>4</td><td>net cash provided by financing activities</td><td>$ 477</td><td>$ 4608</td><td>$ 4037</td></tr><tr><td>5</td><td>cash 2014 end of year</td><td>$ 1148</td><td>$ 462</td><td>$ 377</td></tr></table> 2004 compared to 2003 2014 cash from operating activities primarily reflects premium cash flows in excess of claim payments . the decrease in cash provided by operating activities was due primarily to the $ 1.15 billion settlement of the macarthur litigation in 2004 . cash provided by financing activities decreased primarily due to lower proceeds from investment and universal life-type contracts as a result of the adoption of sop 03-1 , decreased capital raising activities , repayment of commercial paper and early retirement of junior subordinated debentures in 2004 . the decrease in cash from financing activities and operating cash flows invested long-term accounted for the majority of the change in cash used for investing activities . 2003 compared to 2002 2014 the increase in cash provided by operating activities was primarily the result of strong premium cash flows . financing activities increased primarily due to capital raising activities related to the 2003 asbestos reserve addition and decreased due to repayments on long-term debt and lower proceeds from investment and universal life-type contracts . the increase in cash from financing activities accounted for the majority of the change in cash used for investing activities . operating cash flows in each of the last three years have been adequate to meet liquidity requirements . equity markets for a discussion of the potential impact of the equity markets on capital and liquidity , see the capital markets risk management section under 201cmarket risk 201d . ratings ratings are an important factor in establishing the competitive position in the insurance and financial services marketplace . there can be no assurance that the company's ratings will continue for any given period of time or that they will not be changed . in the event the company's ratings are downgraded , the level of revenues or the persistency of the company's business may be adversely impacted . on august 4 , 2004 , moody 2019s affirmed the company 2019s and hartford life , inc . 2019s a3 senior debt ratings as well as the aa3 insurance financial strength ratings of both its property-casualty and life insurance operating subsidiaries . in addition , moody 2019s changed the outlook for all of these ratings from negative to stable . since the announcement of the suit filed by the new york attorney general 2019s office against marsh & mclennan companies , inc. , and marsh , inc . on october 14 , 2004 , the major independent ratings agencies have indicated that they continue to monitor developments relating to the suit . on october 22 , 2004 , standard & poor 2019s revised its outlook on the u.s . property/casualty commercial lines sector to negative from stable . on november 23 , 2004 , standard & poor 2019s revised its outlook on the financial strength and credit ratings of the property-casualty insurance subsidiaries to negative from stable . the outlook on the life insurance subsidiaries and corporate debt was unaffected. .
Question: in 2014, what percentage of the hartford declared dividends was paid to shareholders?
Answer: 0.98187
Question: and in that same year, what was the net cash provided by operating activities?
Answer: 2634.0
Question: and what was the one used for investing activities?
| 2401.0 |
CONVFINQA3649 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
on october 21 , 2004 , the hartford declared a dividend on its common stock of $ 0.29 per share payable on january 3 , 2005 to shareholders of record as of december 1 , 2004 . the hartford declared $ 331 and paid $ 325 in dividends to shareholders in 2004 , declared $ 300 and paid $ 291 in dividends to shareholders in 2003 , declared $ 262 and paid $ 257 in 2002 . aoci - aoci increased by $ 179 as of december 31 , 2004 compared with december 31 , 2003 . the increase in aoci is primarily the result of life 2019s adoption of sop 03-1 , which resulted in a $ 292 cumulative effect for unrealized gains on securities in the first quarter of 2004 related to the reclassification of investments from separate account assets to general account assets , partially offset by net unrealized losses on cash-flow hedging instruments . the funded status of the company 2019s pension and postretirement plans is dependent upon many factors , including returns on invested assets and the level of market interest rates . declines in the value of securities traded in equity markets coupled with declines in long- term interest rates have had a negative impact on the funded status of the plans . as a result , the company recorded a minimum pension liability as of december 31 , 2004 , and 2003 , which resulted in an after-tax reduction of stockholders 2019 equity of $ 480 and $ 375 respectively . this minimum pension liability did not affect the company 2019s results of operations . for additional information on stockholders 2019 equity and aoci see notes 15 and 16 , respectively , of notes to consolidated financial statements . cash flow 2004 2003 2002 . <table class='wikitable'><tr><td>1</td><td>cash flow</td><td>2004</td><td>2003</td><td>2002</td></tr><tr><td>2</td><td>net cash provided by operating activities</td><td>$ 2634</td><td>$ 3896</td><td>$ 2577</td></tr><tr><td>3</td><td>net cash used for investing activities</td><td>$ -2401 ( 2401 )</td><td>$ -8387 ( 8387 )</td><td>$ -6600 ( 6600 )</td></tr><tr><td>4</td><td>net cash provided by financing activities</td><td>$ 477</td><td>$ 4608</td><td>$ 4037</td></tr><tr><td>5</td><td>cash 2014 end of year</td><td>$ 1148</td><td>$ 462</td><td>$ 377</td></tr></table> 2004 compared to 2003 2014 cash from operating activities primarily reflects premium cash flows in excess of claim payments . the decrease in cash provided by operating activities was due primarily to the $ 1.15 billion settlement of the macarthur litigation in 2004 . cash provided by financing activities decreased primarily due to lower proceeds from investment and universal life-type contracts as a result of the adoption of sop 03-1 , decreased capital raising activities , repayment of commercial paper and early retirement of junior subordinated debentures in 2004 . the decrease in cash from financing activities and operating cash flows invested long-term accounted for the majority of the change in cash used for investing activities . 2003 compared to 2002 2014 the increase in cash provided by operating activities was primarily the result of strong premium cash flows . financing activities increased primarily due to capital raising activities related to the 2003 asbestos reserve addition and decreased due to repayments on long-term debt and lower proceeds from investment and universal life-type contracts . the increase in cash from financing activities accounted for the majority of the change in cash used for investing activities . operating cash flows in each of the last three years have been adequate to meet liquidity requirements . equity markets for a discussion of the potential impact of the equity markets on capital and liquidity , see the capital markets risk management section under 201cmarket risk 201d . ratings ratings are an important factor in establishing the competitive position in the insurance and financial services marketplace . there can be no assurance that the company's ratings will continue for any given period of time or that they will not be changed . in the event the company's ratings are downgraded , the level of revenues or the persistency of the company's business may be adversely impacted . on august 4 , 2004 , moody 2019s affirmed the company 2019s and hartford life , inc . 2019s a3 senior debt ratings as well as the aa3 insurance financial strength ratings of both its property-casualty and life insurance operating subsidiaries . in addition , moody 2019s changed the outlook for all of these ratings from negative to stable . since the announcement of the suit filed by the new york attorney general 2019s office against marsh & mclennan companies , inc. , and marsh , inc . on october 14 , 2004 , the major independent ratings agencies have indicated that they continue to monitor developments relating to the suit . on october 22 , 2004 , standard & poor 2019s revised its outlook on the u.s . property/casualty commercial lines sector to negative from stable . on november 23 , 2004 , standard & poor 2019s revised its outlook on the financial strength and credit ratings of the property-casualty insurance subsidiaries to negative from stable . the outlook on the life insurance subsidiaries and corporate debt was unaffected. .
Question: in 2014, what percentage of the hartford declared dividends was paid to shareholders?
Answer: 0.98187
Question: and in that same year, what was the net cash provided by operating activities?
Answer: 2634.0
Question: and what was the one used for investing activities?
Answer: 2401.0
Question: what was, then, the sum of the two?
| 5035.0 |
CONVFINQA3650 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
on october 21 , 2004 , the hartford declared a dividend on its common stock of $ 0.29 per share payable on january 3 , 2005 to shareholders of record as of december 1 , 2004 . the hartford declared $ 331 and paid $ 325 in dividends to shareholders in 2004 , declared $ 300 and paid $ 291 in dividends to shareholders in 2003 , declared $ 262 and paid $ 257 in 2002 . aoci - aoci increased by $ 179 as of december 31 , 2004 compared with december 31 , 2003 . the increase in aoci is primarily the result of life 2019s adoption of sop 03-1 , which resulted in a $ 292 cumulative effect for unrealized gains on securities in the first quarter of 2004 related to the reclassification of investments from separate account assets to general account assets , partially offset by net unrealized losses on cash-flow hedging instruments . the funded status of the company 2019s pension and postretirement plans is dependent upon many factors , including returns on invested assets and the level of market interest rates . declines in the value of securities traded in equity markets coupled with declines in long- term interest rates have had a negative impact on the funded status of the plans . as a result , the company recorded a minimum pension liability as of december 31 , 2004 , and 2003 , which resulted in an after-tax reduction of stockholders 2019 equity of $ 480 and $ 375 respectively . this minimum pension liability did not affect the company 2019s results of operations . for additional information on stockholders 2019 equity and aoci see notes 15 and 16 , respectively , of notes to consolidated financial statements . cash flow 2004 2003 2002 . <table class='wikitable'><tr><td>1</td><td>cash flow</td><td>2004</td><td>2003</td><td>2002</td></tr><tr><td>2</td><td>net cash provided by operating activities</td><td>$ 2634</td><td>$ 3896</td><td>$ 2577</td></tr><tr><td>3</td><td>net cash used for investing activities</td><td>$ -2401 ( 2401 )</td><td>$ -8387 ( 8387 )</td><td>$ -6600 ( 6600 )</td></tr><tr><td>4</td><td>net cash provided by financing activities</td><td>$ 477</td><td>$ 4608</td><td>$ 4037</td></tr><tr><td>5</td><td>cash 2014 end of year</td><td>$ 1148</td><td>$ 462</td><td>$ 377</td></tr></table> 2004 compared to 2003 2014 cash from operating activities primarily reflects premium cash flows in excess of claim payments . the decrease in cash provided by operating activities was due primarily to the $ 1.15 billion settlement of the macarthur litigation in 2004 . cash provided by financing activities decreased primarily due to lower proceeds from investment and universal life-type contracts as a result of the adoption of sop 03-1 , decreased capital raising activities , repayment of commercial paper and early retirement of junior subordinated debentures in 2004 . the decrease in cash from financing activities and operating cash flows invested long-term accounted for the majority of the change in cash used for investing activities . 2003 compared to 2002 2014 the increase in cash provided by operating activities was primarily the result of strong premium cash flows . financing activities increased primarily due to capital raising activities related to the 2003 asbestos reserve addition and decreased due to repayments on long-term debt and lower proceeds from investment and universal life-type contracts . the increase in cash from financing activities accounted for the majority of the change in cash used for investing activities . operating cash flows in each of the last three years have been adequate to meet liquidity requirements . equity markets for a discussion of the potential impact of the equity markets on capital and liquidity , see the capital markets risk management section under 201cmarket risk 201d . ratings ratings are an important factor in establishing the competitive position in the insurance and financial services marketplace . there can be no assurance that the company's ratings will continue for any given period of time or that they will not be changed . in the event the company's ratings are downgraded , the level of revenues or the persistency of the company's business may be adversely impacted . on august 4 , 2004 , moody 2019s affirmed the company 2019s and hartford life , inc . 2019s a3 senior debt ratings as well as the aa3 insurance financial strength ratings of both its property-casualty and life insurance operating subsidiaries . in addition , moody 2019s changed the outlook for all of these ratings from negative to stable . since the announcement of the suit filed by the new york attorney general 2019s office against marsh & mclennan companies , inc. , and marsh , inc . on october 14 , 2004 , the major independent ratings agencies have indicated that they continue to monitor developments relating to the suit . on october 22 , 2004 , standard & poor 2019s revised its outlook on the u.s . property/casualty commercial lines sector to negative from stable . on november 23 , 2004 , standard & poor 2019s revised its outlook on the financial strength and credit ratings of the property-casualty insurance subsidiaries to negative from stable . the outlook on the life insurance subsidiaries and corporate debt was unaffected. .
Question: in 2014, what percentage of the hartford declared dividends was paid to shareholders?
Answer: 0.98187
Question: and in that same year, what was the net cash provided by operating activities?
Answer: 2634.0
Question: and what was the one used for investing activities?
Answer: 2401.0
Question: what was, then, the sum of the two?
Answer: 5035.0
Question: including the net cash provided by financing activities, what becomes this sum?
| 5512.0 |
CONVFINQA3651 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
zimmer biomet holdings , inc . 2015 form 10-k annual report notes to consolidated financial statements ( continued ) interest to the date of redemption . in addition , the merger notes and the 3.375% ( 3.375 % ) senior notes due 2021 may be redeemed at our option without any make-whole premium at specified dates ranging from one month to six months in advance of the scheduled maturity date . between the closing date and june 30 , 2015 , we repaid the biomet senior notes we assumed in the merger . the fair value of the principal amount plus interest was $ 2798.6 million . these senior notes required us to pay a call premium in excess of the fair value of the notes when they were repaid . as a result , we recognized $ 22.0 million in non-operating other expense related to this call premium . the estimated fair value of our senior notes as of december 31 , 2015 , based on quoted prices for the specific securities from transactions in over-the-counter markets ( level 2 ) , was $ 8837.5 million . the estimated fair value of the japan term loan as of december 31 , 2015 , based upon publicly available market yield curves and the terms of the debt ( level 2 ) , was $ 96.4 million . the carrying value of the u.s . term loan approximates fair value as it bears interest at short-term variable market rates . 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 14 for additional information regarding the interest rate swap agreements . we also have available uncommitted credit facilities totaling $ 35.8 million . at december 31 , 2015 and 2014 , the weighted average interest rate for our long-term borrowings was 2.9 percent and 3.5 percent , respectively . we paid $ 207.1 million , $ 67.5 million and $ 68.1 million in interest during 2015 , 2014 and 2013 , respectively . 13 . accumulated other comprehensive ( loss ) 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 . 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 15 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 . <table class='wikitable'><tr><td>1</td><td>-</td><td>foreign currency translation</td><td>cash flow hedges</td><td>unrealized gains on securities</td><td>defined benefit plan items</td></tr><tr><td>2</td><td>balance december 31 2014</td><td>$ 111.8</td><td>$ 70.1</td><td>$ -0.4 ( 0.4 )</td><td>$ -143.4 ( 143.4 )</td></tr><tr><td>3</td><td>oci before reclassifications</td><td>-305.2 ( 305.2 )</td><td>52.7</td><td>-0.2 ( 0.2 )</td><td>-30.6 ( 30.6 )</td></tr><tr><td>4</td><td>reclassifications</td><td>2013</td><td>-93.0 ( 93.0 )</td><td>2013</td><td>9.2</td></tr><tr><td>5</td><td>balance december 31 2015</td><td>$ -193.4 ( 193.4 )</td><td>$ 29.8</td><td>$ -0.6 ( 0.6 )</td><td>$ -164.8 ( 164.8 )</td></tr></table> .
Question: what was the total cash flow from hedges, considering the balance in 2014 and oci before reclassifications, in millions?
| 122.8 |
CONVFINQA3652 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
zimmer biomet holdings , inc . 2015 form 10-k annual report notes to consolidated financial statements ( continued ) interest to the date of redemption . in addition , the merger notes and the 3.375% ( 3.375 % ) senior notes due 2021 may be redeemed at our option without any make-whole premium at specified dates ranging from one month to six months in advance of the scheduled maturity date . between the closing date and june 30 , 2015 , we repaid the biomet senior notes we assumed in the merger . the fair value of the principal amount plus interest was $ 2798.6 million . these senior notes required us to pay a call premium in excess of the fair value of the notes when they were repaid . as a result , we recognized $ 22.0 million in non-operating other expense related to this call premium . the estimated fair value of our senior notes as of december 31 , 2015 , based on quoted prices for the specific securities from transactions in over-the-counter markets ( level 2 ) , was $ 8837.5 million . the estimated fair value of the japan term loan as of december 31 , 2015 , based upon publicly available market yield curves and the terms of the debt ( level 2 ) , was $ 96.4 million . the carrying value of the u.s . term loan approximates fair value as it bears interest at short-term variable market rates . 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 14 for additional information regarding the interest rate swap agreements . we also have available uncommitted credit facilities totaling $ 35.8 million . at december 31 , 2015 and 2014 , the weighted average interest rate for our long-term borrowings was 2.9 percent and 3.5 percent , respectively . we paid $ 207.1 million , $ 67.5 million and $ 68.1 million in interest during 2015 , 2014 and 2013 , respectively . 13 . accumulated other comprehensive ( loss ) 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 . 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 15 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 . <table class='wikitable'><tr><td>1</td><td>-</td><td>foreign currency translation</td><td>cash flow hedges</td><td>unrealized gains on securities</td><td>defined benefit plan items</td></tr><tr><td>2</td><td>balance december 31 2014</td><td>$ 111.8</td><td>$ 70.1</td><td>$ -0.4 ( 0.4 )</td><td>$ -143.4 ( 143.4 )</td></tr><tr><td>3</td><td>oci before reclassifications</td><td>-305.2 ( 305.2 )</td><td>52.7</td><td>-0.2 ( 0.2 )</td><td>-30.6 ( 30.6 )</td></tr><tr><td>4</td><td>reclassifications</td><td>2013</td><td>-93.0 ( 93.0 )</td><td>2013</td><td>9.2</td></tr><tr><td>5</td><td>balance december 31 2015</td><td>$ -193.4 ( 193.4 )</td><td>$ 29.8</td><td>$ -0.6 ( 0.6 )</td><td>$ -164.8 ( 164.8 )</td></tr></table> .
Question: what was the total cash flow from hedges, considering the balance in 2014 and oci before reclassifications, in millions?
Answer: 122.8
Question: and how much do the reclassifications represent in relation to this total, in percentage?
| 0.75733 |
CONVFINQA3653 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
proved reserves can be added as expansions are permitted , funding is approved and certain stipulations of the joint venture agreement are satisfied . the following table sets forth changes in estimated quantities of net proved bitumen reserves for the year 2008 . estimated quantities of proved bitumen reserves ( millions of barrels ) 2008 . <table class='wikitable'><tr><td>1</td><td>( millions of barrels )</td><td>2008</td></tr><tr><td>2</td><td>beginning of year</td><td>421</td></tr><tr><td>3</td><td>revisions ( a )</td><td>-30 ( 30 )</td></tr><tr><td>4</td><td>extensions discoveries and additions</td><td>6</td></tr><tr><td>5</td><td>production</td><td>-9 ( 9 )</td></tr><tr><td>6</td><td>end of year</td><td>388</td></tr></table> ( a ) revisions were driven primarily by price and the impact of the new royalty regime discussed below . the above estimated quantity of net proved bitumen reserves is a forward-looking statement and is based on a number of assumptions , including ( among others ) commodity prices , volumes in-place , presently known physical data , recoverability of bitumen , industry economic conditions , levels of cash flow from operations , and other operating considerations . to the extent these assumptions prove inaccurate , actual recoveries could be different than current estimates . for a discussion of the proved bitumen reserves estimation process , see item 7 . management 2019s discussion and analysis of financial condition and results of operations 2013 critical accounting estimates 2013 estimated net recoverable reserve quantities 2013 proved bitumen reserves . operations at the aosp are not within the scope of statement of financial accounting standards ( 201csfas 201d ) no . 25 , 201csuspension of certain accounting requirements for oil and gas producing companies ( an amendment of financial accounting standards board ( 201cfasb 201d ) statement no . 19 ) , 201d sfas no . 69 , 201cdisclosures about oil and gas producing activities ( an amendment of fasb statements 19 , 25 , 33 and 39 ) , 201d and securities and exchange commission ( 201csec 201d ) rule 4-10 of regulation s-x ; therefore , bitumen production and reserves are not included in our supplementary information on oil and gas producing activities . the sec has recently issued a release amending these disclosure requirements effective for annual reports on form 10-k for fiscal years ending on or after december 31 , 2009 , see item 7 . management 2019s discussion and analysis of financial condition and results of operations 2013 accounting standards not yet adopted for additional information . prior to our acquisition of western , the first fully-integrated expansion of the existing aosp facilities was approved in 2006 . expansion 1 , which includes construction of mining and extraction facilities at the jackpine mine , expansion of treatment facilities at the existing muskeg river mine , expansion of the scotford upgrader and development of related infrastructure , is anticipated to begin operations in late 2010 or 2011 . when expansion 1 is complete , we will have more than 50000 bpd of net production and upgrading capacity in the canadian oil sands . the timing and scope of future expansions and debottlenecking opportunities on existing operations remain under review . during 2008 , the alberta government accepted the project 2019s application to have a portion of the expansion 1 capital costs form part of the muskeg river mine 2019s allowable cost recovery pool . due to commodity price declines in the year , royalties for 2008 were one percent of the gross mine revenue . commencing january 1 , 2009 , the alberta royalty regime has been amended such that royalty rates will be based on the canadian dollar ( 201ccad 201d ) equivalent monthly average west texas intermediate ( 201cwti 201d ) price . royalty rates will rise from a minimum of one percent to a maximum of nine percent under the gross revenue method and from a minimum of 25 percent to a maximum of 40 percent under the net revenue method . under both methods , the minimum royalty is based on a wti price of $ 55.00 cad per barrel and below while the maximum royalty is reached at a wti price of $ 120.00 cad per barrel and above , with a linear increase in royalty between the aforementioned prices . the above discussion of the oil sands mining segment includes forward-looking statements concerning the anticipated completion of aosp expansion 1 . factors which could affect the expansion project include transportation logistics , availability of materials and labor , unforeseen hazards such as weather conditions , delays in obtaining or conditions imposed by necessary government and third-party approvals and other risks customarily associated with construction projects . refining , marketing and transportation refining we own and operate seven refineries in the gulf coast , midwest and upper great plains regions of the united states with an aggregate refining capacity of 1.016 million barrels per day ( 201cmmbpd 201d ) of crude oil . during 2008 .
Question: what was the total of proved bitumen reserves for both the beginning and the end of 2008?
| 809.0 |
CONVFINQA3654 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
proved reserves can be added as expansions are permitted , funding is approved and certain stipulations of the joint venture agreement are satisfied . the following table sets forth changes in estimated quantities of net proved bitumen reserves for the year 2008 . estimated quantities of proved bitumen reserves ( millions of barrels ) 2008 . <table class='wikitable'><tr><td>1</td><td>( millions of barrels )</td><td>2008</td></tr><tr><td>2</td><td>beginning of year</td><td>421</td></tr><tr><td>3</td><td>revisions ( a )</td><td>-30 ( 30 )</td></tr><tr><td>4</td><td>extensions discoveries and additions</td><td>6</td></tr><tr><td>5</td><td>production</td><td>-9 ( 9 )</td></tr><tr><td>6</td><td>end of year</td><td>388</td></tr></table> ( a ) revisions were driven primarily by price and the impact of the new royalty regime discussed below . the above estimated quantity of net proved bitumen reserves is a forward-looking statement and is based on a number of assumptions , including ( among others ) commodity prices , volumes in-place , presently known physical data , recoverability of bitumen , industry economic conditions , levels of cash flow from operations , and other operating considerations . to the extent these assumptions prove inaccurate , actual recoveries could be different than current estimates . for a discussion of the proved bitumen reserves estimation process , see item 7 . management 2019s discussion and analysis of financial condition and results of operations 2013 critical accounting estimates 2013 estimated net recoverable reserve quantities 2013 proved bitumen reserves . operations at the aosp are not within the scope of statement of financial accounting standards ( 201csfas 201d ) no . 25 , 201csuspension of certain accounting requirements for oil and gas producing companies ( an amendment of financial accounting standards board ( 201cfasb 201d ) statement no . 19 ) , 201d sfas no . 69 , 201cdisclosures about oil and gas producing activities ( an amendment of fasb statements 19 , 25 , 33 and 39 ) , 201d and securities and exchange commission ( 201csec 201d ) rule 4-10 of regulation s-x ; therefore , bitumen production and reserves are not included in our supplementary information on oil and gas producing activities . the sec has recently issued a release amending these disclosure requirements effective for annual reports on form 10-k for fiscal years ending on or after december 31 , 2009 , see item 7 . management 2019s discussion and analysis of financial condition and results of operations 2013 accounting standards not yet adopted for additional information . prior to our acquisition of western , the first fully-integrated expansion of the existing aosp facilities was approved in 2006 . expansion 1 , which includes construction of mining and extraction facilities at the jackpine mine , expansion of treatment facilities at the existing muskeg river mine , expansion of the scotford upgrader and development of related infrastructure , is anticipated to begin operations in late 2010 or 2011 . when expansion 1 is complete , we will have more than 50000 bpd of net production and upgrading capacity in the canadian oil sands . the timing and scope of future expansions and debottlenecking opportunities on existing operations remain under review . during 2008 , the alberta government accepted the project 2019s application to have a portion of the expansion 1 capital costs form part of the muskeg river mine 2019s allowable cost recovery pool . due to commodity price declines in the year , royalties for 2008 were one percent of the gross mine revenue . commencing january 1 , 2009 , the alberta royalty regime has been amended such that royalty rates will be based on the canadian dollar ( 201ccad 201d ) equivalent monthly average west texas intermediate ( 201cwti 201d ) price . royalty rates will rise from a minimum of one percent to a maximum of nine percent under the gross revenue method and from a minimum of 25 percent to a maximum of 40 percent under the net revenue method . under both methods , the minimum royalty is based on a wti price of $ 55.00 cad per barrel and below while the maximum royalty is reached at a wti price of $ 120.00 cad per barrel and above , with a linear increase in royalty between the aforementioned prices . the above discussion of the oil sands mining segment includes forward-looking statements concerning the anticipated completion of aosp expansion 1 . factors which could affect the expansion project include transportation logistics , availability of materials and labor , unforeseen hazards such as weather conditions , delays in obtaining or conditions imposed by necessary government and third-party approvals and other risks customarily associated with construction projects . refining , marketing and transportation refining we own and operate seven refineries in the gulf coast , midwest and upper great plains regions of the united states with an aggregate refining capacity of 1.016 million barrels per day ( 201cmmbpd 201d ) of crude oil . during 2008 .
Question: what was the total of proved bitumen reserves for both the beginning and the end of 2008?
Answer: 809.0
Question: what was, then, the average proved bitumen reserves throughout that year, in millions of barrels?
| 404.5 |
CONVFINQA3655 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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 ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>2006</td><td>2005</td><td>2004</td></tr><tr><td>2</td><td>processing and services revenues</td><td>$ 2458777</td><td>$ 1208430</td><td>$ 892033</td></tr><tr><td>3</td><td>cost of revenues</td><td>1914148</td><td>904124</td><td>667078</td></tr><tr><td>4</td><td>gross profit</td><td>544629</td><td>304306</td><td>224955</td></tr><tr><td>5</td><td>selling general and administrative expenses</td><td>171106</td><td>94889</td><td>99581</td></tr><tr><td>6</td><td>research and development costs</td><td>70879</td><td>85702</td><td>54038</td></tr><tr><td>7</td><td>operating income</td><td>$ 302644</td><td>$ 123715</td><td>$ 71336</td></tr></table> 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 was the total in net earnings in 2006, in thousands?
| 259100.0 |
CONVFINQA3656 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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 ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>2006</td><td>2005</td><td>2004</td></tr><tr><td>2</td><td>processing and services revenues</td><td>$ 2458777</td><td>$ 1208430</td><td>$ 892033</td></tr><tr><td>3</td><td>cost of revenues</td><td>1914148</td><td>904124</td><td>667078</td></tr><tr><td>4</td><td>gross profit</td><td>544629</td><td>304306</td><td>224955</td></tr><tr><td>5</td><td>selling general and administrative expenses</td><td>171106</td><td>94889</td><td>99581</td></tr><tr><td>6</td><td>research and development costs</td><td>70879</td><td>85702</td><td>54038</td></tr><tr><td>7</td><td>operating income</td><td>$ 302644</td><td>$ 123715</td><td>$ 71336</td></tr></table> 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 was the total in net earnings in 2006, in thousands?
Answer: 259100.0
Question: and how much does this total represent in relation to the total of processing and services revenues in that same year?
| 0.10538 |
CONVFINQA3657 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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 2013 primarily related to payments for capital expenditures and acquisitions . capital expenditures of $ 173.0 related primarily to computer hardware and software and leasehold improvements . we made payments of $ 61.5 related to acquisitions completed during 2013 , net of cash acquired . financing activities net cash used in financing activities during 2014 primarily related to the purchase of long-term debt , the repurchase of our common stock and payment of dividends . during 2014 , we redeemed all $ 350.0 in aggregate principal amount of the 6.25% ( 6.25 % ) notes , repurchased 14.9 shares of our common stock for an aggregate cost of $ 275.1 , including fees , and made dividend payments of $ 159.0 on our common stock . this was offset by the issuance of $ 500.0 in aggregate principal amount of our 4.20% ( 4.20 % ) notes . 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 . 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 $ 101.0 in 2014 . the decrease was primarily a result of the u.s . dollar being stronger than several foreign currencies , including the canadian dollar , brazilian real , australian dollar and the euro as of december 31 , 2014 compared to december 31 , 2013 . 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 , canadian dollar , japanese yen , and south african rand as of december 31 , 2013 compared to december 31 , 2012. . <table class='wikitable'><tr><td>1</td><td>balance sheet data</td><td>december 31 , 2014</td><td>december 31 , 2013</td></tr><tr><td>2</td><td>cash cash equivalents and marketable securities</td><td>$ 1667.2</td><td>$ 1642.1</td></tr><tr><td>3</td><td>short-term borrowings</td><td>$ 107.2</td><td>$ 179.1</td></tr><tr><td>4</td><td>current portion of long-term debt</td><td>2.1</td><td>353.6</td></tr><tr><td>5</td><td>long-term debt</td><td>1623.5</td><td>1129.8</td></tr><tr><td>6</td><td>total debt</td><td>$ 1732.8</td><td>$ 1662.5</td></tr></table> liquidity outlook we expect our cash flow from operations , cash and cash equivalents to be sufficient to meet our anticipated operating requirements at a minimum for the next twelve months . we also have a committed corporate credit facility as well as uncommitted facilities available to support our operating needs . we continue to maintain a disciplined approach to managing liquidity , with flexibility over significant uses of cash , including our capital expenditures , cash used for new acquisitions , our common stock repurchase program and our common stock dividends . from time to time , we evaluate market conditions and financing alternatives for opportunities to raise additional funds or otherwise improve our liquidity profile , enhance our financial flexibility and manage market risk . our ability to access the capital markets depends on a number of factors , which include those specific to us , such as our credit rating , and those related to the financial markets , such as the amount or terms of available credit . there can be no guarantee that we would be able to access new sources of liquidity on commercially reasonable terms , or at all. .
Question: what is the difference in value of total debt between 2013 and 2014?
| 70.3 |
CONVFINQA3658 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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 2013 primarily related to payments for capital expenditures and acquisitions . capital expenditures of $ 173.0 related primarily to computer hardware and software and leasehold improvements . we made payments of $ 61.5 related to acquisitions completed during 2013 , net of cash acquired . financing activities net cash used in financing activities during 2014 primarily related to the purchase of long-term debt , the repurchase of our common stock and payment of dividends . during 2014 , we redeemed all $ 350.0 in aggregate principal amount of the 6.25% ( 6.25 % ) notes , repurchased 14.9 shares of our common stock for an aggregate cost of $ 275.1 , including fees , and made dividend payments of $ 159.0 on our common stock . this was offset by the issuance of $ 500.0 in aggregate principal amount of our 4.20% ( 4.20 % ) notes . 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 . 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 $ 101.0 in 2014 . the decrease was primarily a result of the u.s . dollar being stronger than several foreign currencies , including the canadian dollar , brazilian real , australian dollar and the euro as of december 31 , 2014 compared to december 31 , 2013 . 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 , canadian dollar , japanese yen , and south african rand as of december 31 , 2013 compared to december 31 , 2012. . <table class='wikitable'><tr><td>1</td><td>balance sheet data</td><td>december 31 , 2014</td><td>december 31 , 2013</td></tr><tr><td>2</td><td>cash cash equivalents and marketable securities</td><td>$ 1667.2</td><td>$ 1642.1</td></tr><tr><td>3</td><td>short-term borrowings</td><td>$ 107.2</td><td>$ 179.1</td></tr><tr><td>4</td><td>current portion of long-term debt</td><td>2.1</td><td>353.6</td></tr><tr><td>5</td><td>long-term debt</td><td>1623.5</td><td>1129.8</td></tr><tr><td>6</td><td>total debt</td><td>$ 1732.8</td><td>$ 1662.5</td></tr></table> liquidity outlook we expect our cash flow from operations , cash and cash equivalents to be sufficient to meet our anticipated operating requirements at a minimum for the next twelve months . we also have a committed corporate credit facility as well as uncommitted facilities available to support our operating needs . we continue to maintain a disciplined approach to managing liquidity , with flexibility over significant uses of cash , including our capital expenditures , cash used for new acquisitions , our common stock repurchase program and our common stock dividends . from time to time , we evaluate market conditions and financing alternatives for opportunities to raise additional funds or otherwise improve our liquidity profile , enhance our financial flexibility and manage market risk . our ability to access the capital markets depends on a number of factors , which include those specific to us , such as our credit rating , and those related to the financial markets , such as the amount or terms of available credit . there can be no guarantee that we would be able to access new sources of liquidity on commercially reasonable terms , or at all. .
Question: what is the difference in value of total debt between 2013 and 2014?
Answer: 70.3
Question: what was the value of total debt in 2013?
| 1662.5 |
CONVFINQA3659 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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 2013 primarily related to payments for capital expenditures and acquisitions . capital expenditures of $ 173.0 related primarily to computer hardware and software and leasehold improvements . we made payments of $ 61.5 related to acquisitions completed during 2013 , net of cash acquired . financing activities net cash used in financing activities during 2014 primarily related to the purchase of long-term debt , the repurchase of our common stock and payment of dividends . during 2014 , we redeemed all $ 350.0 in aggregate principal amount of the 6.25% ( 6.25 % ) notes , repurchased 14.9 shares of our common stock for an aggregate cost of $ 275.1 , including fees , and made dividend payments of $ 159.0 on our common stock . this was offset by the issuance of $ 500.0 in aggregate principal amount of our 4.20% ( 4.20 % ) notes . 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 . 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 $ 101.0 in 2014 . the decrease was primarily a result of the u.s . dollar being stronger than several foreign currencies , including the canadian dollar , brazilian real , australian dollar and the euro as of december 31 , 2014 compared to december 31 , 2013 . 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 , canadian dollar , japanese yen , and south african rand as of december 31 , 2013 compared to december 31 , 2012. . <table class='wikitable'><tr><td>1</td><td>balance sheet data</td><td>december 31 , 2014</td><td>december 31 , 2013</td></tr><tr><td>2</td><td>cash cash equivalents and marketable securities</td><td>$ 1667.2</td><td>$ 1642.1</td></tr><tr><td>3</td><td>short-term borrowings</td><td>$ 107.2</td><td>$ 179.1</td></tr><tr><td>4</td><td>current portion of long-term debt</td><td>2.1</td><td>353.6</td></tr><tr><td>5</td><td>long-term debt</td><td>1623.5</td><td>1129.8</td></tr><tr><td>6</td><td>total debt</td><td>$ 1732.8</td><td>$ 1662.5</td></tr></table> liquidity outlook we expect our cash flow from operations , cash and cash equivalents to be sufficient to meet our anticipated operating requirements at a minimum for the next twelve months . we also have a committed corporate credit facility as well as uncommitted facilities available to support our operating needs . we continue to maintain a disciplined approach to managing liquidity , with flexibility over significant uses of cash , including our capital expenditures , cash used for new acquisitions , our common stock repurchase program and our common stock dividends . from time to time , we evaluate market conditions and financing alternatives for opportunities to raise additional funds or otherwise improve our liquidity profile , enhance our financial flexibility and manage market risk . our ability to access the capital markets depends on a number of factors , which include those specific to us , such as our credit rating , and those related to the financial markets , such as the amount or terms of available credit . there can be no guarantee that we would be able to access new sources of liquidity on commercially reasonable terms , or at all. .
Question: what is the difference in value of total debt between 2013 and 2014?
Answer: 70.3
Question: what was the value of total debt in 2013?
Answer: 1662.5
Question: what was the percent change for the year?
| 0.04229 |
CONVFINQA3660 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
does not believe are in our and our stockholders 2019 best interest . the rights plan is intended to protect stockholders in the event of an unfair or coercive offer to acquire the company and to provide our board of directors with adequate time to evaluate unsolicited offers . the rights plan may prevent or make takeovers or unsolicited corporate transactions with respect to our company more difficult , even if stockholders may consider such transactions favorable , possibly including transactions in which stockholders might otherwise receive a premium for their shares . item 1b . unresolved staff comments item 2 . properties as of december 31 , 2016 , our significant properties used in connection with switching centers , data centers , call centers and warehouses were as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>approximate number</td><td>approximate size in square feet</td></tr><tr><td>2</td><td>switching centers</td><td>57</td><td>1400000</td></tr><tr><td>3</td><td>data centers</td><td>8</td><td>600000</td></tr><tr><td>4</td><td>call center</td><td>16</td><td>1300000</td></tr><tr><td>5</td><td>warehouses</td><td>16</td><td>500000</td></tr></table> as of december 31 , 2016 , we leased approximately 60000 cell sites . as of december 31 , 2016 , we leased approximately 2000 t-mobile and metropcs retail locations , including stores and kiosks ranging in size from approximately 100 square feet to 17000 square feet . we currently lease office space totaling approximately 950000 square feet for our corporate headquarters in bellevue , washington . we use these offices for engineering and administrative purposes . we also lease space throughout the u.s. , totaling approximately 1200000 square feet as of december 31 , 2016 , for use by our regional offices primarily for administrative , engineering and sales purposes . item 3 . legal proceedings see note 12 2013 commitments and contingencies of the notes to the consolidated financial statements included in part ii , item 8 of this form 10-k for information regarding certain legal proceedings in which we are involved . item 4 . mine safety disclosures part ii . item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities market information our common stock is traded on the nasdaq global select market of the nasdaq stock market llc ( 201cnasdaq 201d ) under the symbol 201ctmus . 201d as of december 31 , 2016 , there were 309 registered stockholders of record of our common stock , but we estimate the total number of stockholders to be much higher as a number of our shares are held by brokers or dealers for their customers in street name. .
Question: for 2016, what was the average size of switching centers?
| 24561.40351 |
CONVFINQA3661 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
does not believe are in our and our stockholders 2019 best interest . the rights plan is intended to protect stockholders in the event of an unfair or coercive offer to acquire the company and to provide our board of directors with adequate time to evaluate unsolicited offers . the rights plan may prevent or make takeovers or unsolicited corporate transactions with respect to our company more difficult , even if stockholders may consider such transactions favorable , possibly including transactions in which stockholders might otherwise receive a premium for their shares . item 1b . unresolved staff comments item 2 . properties as of december 31 , 2016 , our significant properties used in connection with switching centers , data centers , call centers and warehouses were as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>approximate number</td><td>approximate size in square feet</td></tr><tr><td>2</td><td>switching centers</td><td>57</td><td>1400000</td></tr><tr><td>3</td><td>data centers</td><td>8</td><td>600000</td></tr><tr><td>4</td><td>call center</td><td>16</td><td>1300000</td></tr><tr><td>5</td><td>warehouses</td><td>16</td><td>500000</td></tr></table> as of december 31 , 2016 , we leased approximately 60000 cell sites . as of december 31 , 2016 , we leased approximately 2000 t-mobile and metropcs retail locations , including stores and kiosks ranging in size from approximately 100 square feet to 17000 square feet . we currently lease office space totaling approximately 950000 square feet for our corporate headquarters in bellevue , washington . we use these offices for engineering and administrative purposes . we also lease space throughout the u.s. , totaling approximately 1200000 square feet as of december 31 , 2016 , for use by our regional offices primarily for administrative , engineering and sales purposes . item 3 . legal proceedings see note 12 2013 commitments and contingencies of the notes to the consolidated financial statements included in part ii , item 8 of this form 10-k for information regarding certain legal proceedings in which we are involved . item 4 . mine safety disclosures part ii . item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities market information our common stock is traded on the nasdaq global select market of the nasdaq stock market llc ( 201cnasdaq 201d ) under the symbol 201ctmus . 201d as of december 31 , 2016 , there were 309 registered stockholders of record of our common stock , but we estimate the total number of stockholders to be much higher as a number of our shares are held by brokers or dealers for their customers in street name. .
Question: for 2016, what was the average size of switching centers?
Answer: 24561.40351
Question: and the average space of warehouses in square feet?
| 31250.0 |
CONVFINQA3662 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
is&gs 2019 operating profit decreased $ 60 million , or 8% ( 8 % ) , for 2014 compared to 2013 . the decrease was primarily attributable to the activities mentioned above for sales , lower risk retirements and reserves recorded on an international program , partially offset by severance recoveries related to the restructuring announced in november 2013 of approximately $ 20 million for 2014 . adjustments not related to volume , including net profit booking rate adjustments , were approximately $ 30 million lower for 2014 compared to 2013 . 2013 compared to 2012 is&gs 2019 net sales decreased $ 479 million , or 5% ( 5 % ) , for 2013 compared to 2012 . the decrease was attributable to lower net sales of about $ 495 million due to decreased volume on various programs ( command and control programs for classified customers , ngi and eram programs ) ; and approximately $ 320 million due to the completion of certain programs ( such as total information processing support services , the transportation worker identification credential and the outsourcing desktop initiative for nasa ) . the decrease was partially offset by higher net sales of about $ 340 million due to the start-up of certain programs ( such as the disa gsm-o and the national science foundation antarctic support ) . is&gs 2019 operating profit decreased $ 49 million , or 6% ( 6 % ) , for 2013 compared to 2012 . the decrease was primarily attributable to lower operating profit of about $ 55 million due to certain programs nearing the end of their life cycles , partially offset by higher operating profit of approximately $ 15 million due to the start-up of certain programs . adjustments not related to volume , including net profit booking rate adjustments and other matters , were comparable for 2013 compared to 2012 . backlog backlog increased in 2014 compared to 2013 primarily due to several multi-year international awards and various u.s . multi-year extensions . this increase was partially offset by declining activities on various direct warfighter support and command and control programs impacted by defense budget reductions . backlog decreased in 2013 compared to 2012 primarily due to lower orders on several programs ( such as eram and ngi ) , higher sales on certain programs ( the national science foundation antarctic support and the disa gsm-o ) and declining activities on several smaller programs primarily due to the continued downturn in federal information technology budgets . trends we expect is&gs 2019 net sales to decline in 2015 in the low to mid single digit percentage range as compared to 2014 , primarily driven by the continued downturn in federal information technology budgets , an increasingly competitive environment , including the disaggregation of existing contracts , and new contract award delays , partially offset by increased sales resulting from acquisitions that occurred during the year . operating profit is expected to decline in the low double digit percentage range in 2015 primarily driven by volume and an increase in intangible amortization from 2014 acquisition activity , resulting in 2015 margins that are lower than 2014 results . missiles and fire control our mfc business segment provides air and missile defense systems ; tactical missiles and air-to-ground precision strike weapon systems ; logistics and other technical services ; fire control systems ; mission operations support , readiness , engineering support and integration services ; and manned and unmanned ground vehicles . mfc 2019s major programs include pac-3 , thaad , multiple launch rocket system , hellfire , jassm , javelin , apache , sniper ae , low altitude navigation and targeting infrared for night ( lantirn ae ) and sof clss . mfc 2019s operating results included the following ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>net sales</td><td>$ 7680</td><td>$ 7757</td><td>$ 7457</td></tr><tr><td>3</td><td>operating profit</td><td>1358</td><td>1431</td><td>1256</td></tr><tr><td>4</td><td>operating margins</td><td>17.7% ( 17.7 % )</td><td>18.4% ( 18.4 % )</td><td>16.8% ( 16.8 % )</td></tr><tr><td>5</td><td>backlog at year-end</td><td>$ 13600</td><td>$ 15000</td><td>$ 14700</td></tr></table> 2014 compared to 2013 mfc 2019s net sales for 2014 decreased $ 77 million , or 1% ( 1 % ) , compared to 2013 . the decrease was primarily attributable to lower net sales of approximately $ 385 million for technical services programs due to decreased volume reflecting market pressures ; and about $ 115 million for tactical missile programs due to fewer deliveries ( primarily high mobility artillery .
Question: what is the net change in net sales from 2012 to 2013?
| 300.0 |
CONVFINQA3663 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
is&gs 2019 operating profit decreased $ 60 million , or 8% ( 8 % ) , for 2014 compared to 2013 . the decrease was primarily attributable to the activities mentioned above for sales , lower risk retirements and reserves recorded on an international program , partially offset by severance recoveries related to the restructuring announced in november 2013 of approximately $ 20 million for 2014 . adjustments not related to volume , including net profit booking rate adjustments , were approximately $ 30 million lower for 2014 compared to 2013 . 2013 compared to 2012 is&gs 2019 net sales decreased $ 479 million , or 5% ( 5 % ) , for 2013 compared to 2012 . the decrease was attributable to lower net sales of about $ 495 million due to decreased volume on various programs ( command and control programs for classified customers , ngi and eram programs ) ; and approximately $ 320 million due to the completion of certain programs ( such as total information processing support services , the transportation worker identification credential and the outsourcing desktop initiative for nasa ) . the decrease was partially offset by higher net sales of about $ 340 million due to the start-up of certain programs ( such as the disa gsm-o and the national science foundation antarctic support ) . is&gs 2019 operating profit decreased $ 49 million , or 6% ( 6 % ) , for 2013 compared to 2012 . the decrease was primarily attributable to lower operating profit of about $ 55 million due to certain programs nearing the end of their life cycles , partially offset by higher operating profit of approximately $ 15 million due to the start-up of certain programs . adjustments not related to volume , including net profit booking rate adjustments and other matters , were comparable for 2013 compared to 2012 . backlog backlog increased in 2014 compared to 2013 primarily due to several multi-year international awards and various u.s . multi-year extensions . this increase was partially offset by declining activities on various direct warfighter support and command and control programs impacted by defense budget reductions . backlog decreased in 2013 compared to 2012 primarily due to lower orders on several programs ( such as eram and ngi ) , higher sales on certain programs ( the national science foundation antarctic support and the disa gsm-o ) and declining activities on several smaller programs primarily due to the continued downturn in federal information technology budgets . trends we expect is&gs 2019 net sales to decline in 2015 in the low to mid single digit percentage range as compared to 2014 , primarily driven by the continued downturn in federal information technology budgets , an increasingly competitive environment , including the disaggregation of existing contracts , and new contract award delays , partially offset by increased sales resulting from acquisitions that occurred during the year . operating profit is expected to decline in the low double digit percentage range in 2015 primarily driven by volume and an increase in intangible amortization from 2014 acquisition activity , resulting in 2015 margins that are lower than 2014 results . missiles and fire control our mfc business segment provides air and missile defense systems ; tactical missiles and air-to-ground precision strike weapon systems ; logistics and other technical services ; fire control systems ; mission operations support , readiness , engineering support and integration services ; and manned and unmanned ground vehicles . mfc 2019s major programs include pac-3 , thaad , multiple launch rocket system , hellfire , jassm , javelin , apache , sniper ae , low altitude navigation and targeting infrared for night ( lantirn ae ) and sof clss . mfc 2019s operating results included the following ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>net sales</td><td>$ 7680</td><td>$ 7757</td><td>$ 7457</td></tr><tr><td>3</td><td>operating profit</td><td>1358</td><td>1431</td><td>1256</td></tr><tr><td>4</td><td>operating margins</td><td>17.7% ( 17.7 % )</td><td>18.4% ( 18.4 % )</td><td>16.8% ( 16.8 % )</td></tr><tr><td>5</td><td>backlog at year-end</td><td>$ 13600</td><td>$ 15000</td><td>$ 14700</td></tr></table> 2014 compared to 2013 mfc 2019s net sales for 2014 decreased $ 77 million , or 1% ( 1 % ) , compared to 2013 . the decrease was primarily attributable to lower net sales of approximately $ 385 million for technical services programs due to decreased volume reflecting market pressures ; and about $ 115 million for tactical missile programs due to fewer deliveries ( primarily high mobility artillery .
Question: what is the net change in net sales from 2012 to 2013?
Answer: 300.0
Question: what is the net sales in 2012?
| 7457.0 |
CONVFINQA3664 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
is&gs 2019 operating profit decreased $ 60 million , or 8% ( 8 % ) , for 2014 compared to 2013 . the decrease was primarily attributable to the activities mentioned above for sales , lower risk retirements and reserves recorded on an international program , partially offset by severance recoveries related to the restructuring announced in november 2013 of approximately $ 20 million for 2014 . adjustments not related to volume , including net profit booking rate adjustments , were approximately $ 30 million lower for 2014 compared to 2013 . 2013 compared to 2012 is&gs 2019 net sales decreased $ 479 million , or 5% ( 5 % ) , for 2013 compared to 2012 . the decrease was attributable to lower net sales of about $ 495 million due to decreased volume on various programs ( command and control programs for classified customers , ngi and eram programs ) ; and approximately $ 320 million due to the completion of certain programs ( such as total information processing support services , the transportation worker identification credential and the outsourcing desktop initiative for nasa ) . the decrease was partially offset by higher net sales of about $ 340 million due to the start-up of certain programs ( such as the disa gsm-o and the national science foundation antarctic support ) . is&gs 2019 operating profit decreased $ 49 million , or 6% ( 6 % ) , for 2013 compared to 2012 . the decrease was primarily attributable to lower operating profit of about $ 55 million due to certain programs nearing the end of their life cycles , partially offset by higher operating profit of approximately $ 15 million due to the start-up of certain programs . adjustments not related to volume , including net profit booking rate adjustments and other matters , were comparable for 2013 compared to 2012 . backlog backlog increased in 2014 compared to 2013 primarily due to several multi-year international awards and various u.s . multi-year extensions . this increase was partially offset by declining activities on various direct warfighter support and command and control programs impacted by defense budget reductions . backlog decreased in 2013 compared to 2012 primarily due to lower orders on several programs ( such as eram and ngi ) , higher sales on certain programs ( the national science foundation antarctic support and the disa gsm-o ) and declining activities on several smaller programs primarily due to the continued downturn in federal information technology budgets . trends we expect is&gs 2019 net sales to decline in 2015 in the low to mid single digit percentage range as compared to 2014 , primarily driven by the continued downturn in federal information technology budgets , an increasingly competitive environment , including the disaggregation of existing contracts , and new contract award delays , partially offset by increased sales resulting from acquisitions that occurred during the year . operating profit is expected to decline in the low double digit percentage range in 2015 primarily driven by volume and an increase in intangible amortization from 2014 acquisition activity , resulting in 2015 margins that are lower than 2014 results . missiles and fire control our mfc business segment provides air and missile defense systems ; tactical missiles and air-to-ground precision strike weapon systems ; logistics and other technical services ; fire control systems ; mission operations support , readiness , engineering support and integration services ; and manned and unmanned ground vehicles . mfc 2019s major programs include pac-3 , thaad , multiple launch rocket system , hellfire , jassm , javelin , apache , sniper ae , low altitude navigation and targeting infrared for night ( lantirn ae ) and sof clss . mfc 2019s operating results included the following ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>net sales</td><td>$ 7680</td><td>$ 7757</td><td>$ 7457</td></tr><tr><td>3</td><td>operating profit</td><td>1358</td><td>1431</td><td>1256</td></tr><tr><td>4</td><td>operating margins</td><td>17.7% ( 17.7 % )</td><td>18.4% ( 18.4 % )</td><td>16.8% ( 16.8 % )</td></tr><tr><td>5</td><td>backlog at year-end</td><td>$ 13600</td><td>$ 15000</td><td>$ 14700</td></tr></table> 2014 compared to 2013 mfc 2019s net sales for 2014 decreased $ 77 million , or 1% ( 1 % ) , compared to 2013 . the decrease was primarily attributable to lower net sales of approximately $ 385 million for technical services programs due to decreased volume reflecting market pressures ; and about $ 115 million for tactical missile programs due to fewer deliveries ( primarily high mobility artillery .
Question: what is the net change in net sales from 2012 to 2013?
Answer: 300.0
Question: what is the net sales in 2012?
Answer: 7457.0
Question: what growth rate does this represent?
| 0.04023 |
CONVFINQA3665 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
is&gs 2019 operating profit decreased $ 60 million , or 8% ( 8 % ) , for 2014 compared to 2013 . the decrease was primarily attributable to the activities mentioned above for sales , lower risk retirements and reserves recorded on an international program , partially offset by severance recoveries related to the restructuring announced in november 2013 of approximately $ 20 million for 2014 . adjustments not related to volume , including net profit booking rate adjustments , were approximately $ 30 million lower for 2014 compared to 2013 . 2013 compared to 2012 is&gs 2019 net sales decreased $ 479 million , or 5% ( 5 % ) , for 2013 compared to 2012 . the decrease was attributable to lower net sales of about $ 495 million due to decreased volume on various programs ( command and control programs for classified customers , ngi and eram programs ) ; and approximately $ 320 million due to the completion of certain programs ( such as total information processing support services , the transportation worker identification credential and the outsourcing desktop initiative for nasa ) . the decrease was partially offset by higher net sales of about $ 340 million due to the start-up of certain programs ( such as the disa gsm-o and the national science foundation antarctic support ) . is&gs 2019 operating profit decreased $ 49 million , or 6% ( 6 % ) , for 2013 compared to 2012 . the decrease was primarily attributable to lower operating profit of about $ 55 million due to certain programs nearing the end of their life cycles , partially offset by higher operating profit of approximately $ 15 million due to the start-up of certain programs . adjustments not related to volume , including net profit booking rate adjustments and other matters , were comparable for 2013 compared to 2012 . backlog backlog increased in 2014 compared to 2013 primarily due to several multi-year international awards and various u.s . multi-year extensions . this increase was partially offset by declining activities on various direct warfighter support and command and control programs impacted by defense budget reductions . backlog decreased in 2013 compared to 2012 primarily due to lower orders on several programs ( such as eram and ngi ) , higher sales on certain programs ( the national science foundation antarctic support and the disa gsm-o ) and declining activities on several smaller programs primarily due to the continued downturn in federal information technology budgets . trends we expect is&gs 2019 net sales to decline in 2015 in the low to mid single digit percentage range as compared to 2014 , primarily driven by the continued downturn in federal information technology budgets , an increasingly competitive environment , including the disaggregation of existing contracts , and new contract award delays , partially offset by increased sales resulting from acquisitions that occurred during the year . operating profit is expected to decline in the low double digit percentage range in 2015 primarily driven by volume and an increase in intangible amortization from 2014 acquisition activity , resulting in 2015 margins that are lower than 2014 results . missiles and fire control our mfc business segment provides air and missile defense systems ; tactical missiles and air-to-ground precision strike weapon systems ; logistics and other technical services ; fire control systems ; mission operations support , readiness , engineering support and integration services ; and manned and unmanned ground vehicles . mfc 2019s major programs include pac-3 , thaad , multiple launch rocket system , hellfire , jassm , javelin , apache , sniper ae , low altitude navigation and targeting infrared for night ( lantirn ae ) and sof clss . mfc 2019s operating results included the following ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>net sales</td><td>$ 7680</td><td>$ 7757</td><td>$ 7457</td></tr><tr><td>3</td><td>operating profit</td><td>1358</td><td>1431</td><td>1256</td></tr><tr><td>4</td><td>operating margins</td><td>17.7% ( 17.7 % )</td><td>18.4% ( 18.4 % )</td><td>16.8% ( 16.8 % )</td></tr><tr><td>5</td><td>backlog at year-end</td><td>$ 13600</td><td>$ 15000</td><td>$ 14700</td></tr></table> 2014 compared to 2013 mfc 2019s net sales for 2014 decreased $ 77 million , or 1% ( 1 % ) , compared to 2013 . the decrease was primarily attributable to lower net sales of approximately $ 385 million for technical services programs due to decreased volume reflecting market pressures ; and about $ 115 million for tactical missile programs due to fewer deliveries ( primarily high mobility artillery .
Question: what is the net change in net sales from 2012 to 2013?
Answer: 300.0
Question: what is the net sales in 2012?
Answer: 7457.0
Question: what growth rate does this represent?
Answer: 0.04023
Question: what is the net change in operating profit from 2012 to 2013?
| 175.0 |
CONVFINQA3666 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
is&gs 2019 operating profit decreased $ 60 million , or 8% ( 8 % ) , for 2014 compared to 2013 . the decrease was primarily attributable to the activities mentioned above for sales , lower risk retirements and reserves recorded on an international program , partially offset by severance recoveries related to the restructuring announced in november 2013 of approximately $ 20 million for 2014 . adjustments not related to volume , including net profit booking rate adjustments , were approximately $ 30 million lower for 2014 compared to 2013 . 2013 compared to 2012 is&gs 2019 net sales decreased $ 479 million , or 5% ( 5 % ) , for 2013 compared to 2012 . the decrease was attributable to lower net sales of about $ 495 million due to decreased volume on various programs ( command and control programs for classified customers , ngi and eram programs ) ; and approximately $ 320 million due to the completion of certain programs ( such as total information processing support services , the transportation worker identification credential and the outsourcing desktop initiative for nasa ) . the decrease was partially offset by higher net sales of about $ 340 million due to the start-up of certain programs ( such as the disa gsm-o and the national science foundation antarctic support ) . is&gs 2019 operating profit decreased $ 49 million , or 6% ( 6 % ) , for 2013 compared to 2012 . the decrease was primarily attributable to lower operating profit of about $ 55 million due to certain programs nearing the end of their life cycles , partially offset by higher operating profit of approximately $ 15 million due to the start-up of certain programs . adjustments not related to volume , including net profit booking rate adjustments and other matters , were comparable for 2013 compared to 2012 . backlog backlog increased in 2014 compared to 2013 primarily due to several multi-year international awards and various u.s . multi-year extensions . this increase was partially offset by declining activities on various direct warfighter support and command and control programs impacted by defense budget reductions . backlog decreased in 2013 compared to 2012 primarily due to lower orders on several programs ( such as eram and ngi ) , higher sales on certain programs ( the national science foundation antarctic support and the disa gsm-o ) and declining activities on several smaller programs primarily due to the continued downturn in federal information technology budgets . trends we expect is&gs 2019 net sales to decline in 2015 in the low to mid single digit percentage range as compared to 2014 , primarily driven by the continued downturn in federal information technology budgets , an increasingly competitive environment , including the disaggregation of existing contracts , and new contract award delays , partially offset by increased sales resulting from acquisitions that occurred during the year . operating profit is expected to decline in the low double digit percentage range in 2015 primarily driven by volume and an increase in intangible amortization from 2014 acquisition activity , resulting in 2015 margins that are lower than 2014 results . missiles and fire control our mfc business segment provides air and missile defense systems ; tactical missiles and air-to-ground precision strike weapon systems ; logistics and other technical services ; fire control systems ; mission operations support , readiness , engineering support and integration services ; and manned and unmanned ground vehicles . mfc 2019s major programs include pac-3 , thaad , multiple launch rocket system , hellfire , jassm , javelin , apache , sniper ae , low altitude navigation and targeting infrared for night ( lantirn ae ) and sof clss . mfc 2019s operating results included the following ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>net sales</td><td>$ 7680</td><td>$ 7757</td><td>$ 7457</td></tr><tr><td>3</td><td>operating profit</td><td>1358</td><td>1431</td><td>1256</td></tr><tr><td>4</td><td>operating margins</td><td>17.7% ( 17.7 % )</td><td>18.4% ( 18.4 % )</td><td>16.8% ( 16.8 % )</td></tr><tr><td>5</td><td>backlog at year-end</td><td>$ 13600</td><td>$ 15000</td><td>$ 14700</td></tr></table> 2014 compared to 2013 mfc 2019s net sales for 2014 decreased $ 77 million , or 1% ( 1 % ) , compared to 2013 . the decrease was primarily attributable to lower net sales of approximately $ 385 million for technical services programs due to decreased volume reflecting market pressures ; and about $ 115 million for tactical missile programs due to fewer deliveries ( primarily high mobility artillery .
Question: what is the net change in net sales from 2012 to 2013?
Answer: 300.0
Question: what is the net sales in 2012?
Answer: 7457.0
Question: what growth rate does this represent?
Answer: 0.04023
Question: what is the net change in operating profit from 2012 to 2013?
Answer: 175.0
Question: what growth rate in operating profit does this represent?
| 0.13933 |
CONVFINQA3667 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
2016 compared with 2015 net gains on investments of $ 57 million in 2016 decreased $ 52 million from 2015 due to lower net gains in 2016 . net gains on investments in 2015 included a $ 40 million gain related to the bkca acquisition and a $ 35 million unrealized gain on a private equity investment . interest and dividend income increased $ 14 million from 2015 primarily due to higher dividend income in 2016 . 2015 compared with 2014 net gains on investments of $ 109 million in 2015 decreased $ 45 million from 2014 due to lower net gains in 2015 . net gains on investments in 2015 included a $ 40 million gain related to the bkca acquisition and a $ 35 million unrealized gain on a private equity investment . net gains on investments in 2014 included the positive impact of the monetization of a nonstrategic , opportunistic private equity investment . interest expense decreased $ 28 million from 2014 primarily due to repayments of long-term borrowings in the fourth quarter of 2014 . income tax expense . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>gaap 2016</td><td>gaap 2015</td><td>gaap 2014</td><td>gaap 2016</td><td>gaap 2015</td><td>2014</td></tr><tr><td>2</td><td>operating income ( 1 )</td><td>$ 4570</td><td>$ 4664</td><td>$ 4474</td><td>$ 4674</td><td>$ 4695</td><td>$ 4563</td></tr><tr><td>3</td><td>total nonoperating income ( expense ) ( 1 ) ( 2 )</td><td>-108 ( 108 )</td><td>-69 ( 69 )</td><td>-49 ( 49 )</td><td>-108 ( 108 )</td><td>-70 ( 70 )</td><td>-56 ( 56 )</td></tr><tr><td>4</td><td>income before income taxes ( 2 )</td><td>$ 4462</td><td>$ 4595</td><td>$ 4425</td><td>$ 4566</td><td>$ 4625</td><td>$ 4507</td></tr><tr><td>5</td><td>income tax expense</td><td>$ 1290</td><td>$ 1250</td><td>$ 1131</td><td>$ 1352</td><td>$ 1312</td><td>$ 1197</td></tr><tr><td>6</td><td>effective tax rate</td><td>28.9% ( 28.9 % )</td><td>27.2% ( 27.2 % )</td><td>25.6% ( 25.6 % )</td><td>29.6% ( 29.6 % )</td><td>28.4% ( 28.4 % )</td><td>26.6% ( 26.6 % )</td></tr></table> ( 1 ) see non-gaap financial measures for further information on and reconciliation of as adjusted items . ( 2 ) net of net income ( loss ) attributable to nci . the company 2019s tax rate is affected by tax rates in foreign jurisdictions and the relative amount of income earned in those jurisdictions , which the company expects to be fairly consistent in the near term . the significant foreign jurisdictions that have lower statutory tax rates than the u.s . federal statutory rate of 35% ( 35 % ) include the united kingdom , channel islands , ireland and canada . u.s . income taxes were not provided for certain undistributed foreign earnings intended to be indefinitely reinvested outside the united states . 2016 . income tax expense ( gaap ) reflected : 2022 a net noncash benefit of $ 30 million , primarily associated with the revaluation of certain deferred income tax liabilities ; and 2022 a benefit from $ 65 million of nonrecurring items , including the resolution of certain outstanding tax matters . the as adjusted effective tax rate of 29.6% ( 29.6 % ) for 2016 excluded the net noncash benefit of $ 30 million mentioned above , as it will not have a cash flow impact and to ensure comparability among periods presented . 2015 . income tax expense ( gaap ) reflected : 2022 a net noncash benefit of $ 54 million , primarily associated with the revaluation of certain deferred income tax liabilities ; and 2022 a benefit from $ 75 million of nonrecurring items , primarily due to the realization of losses from changes in the company 2019s organizational tax structure and the resolution of certain outstanding tax matters . the as adjusted effective tax rate of 28.4% ( 28.4 % ) for 2015 excluded the net noncash benefit of $ 54 million mentioned above , as it will not have a cash flow impact and to ensure comparability among periods presented . 2014 . income tax expense ( gaap ) reflected : 2022 a $ 94 million tax benefit , primarily due to the resolution of certain outstanding tax matters related to the acquisition of bgi , including the previously mentioned $ 50 million tax benefit ( see executive summary for more information ) ; 2022 a $ 73 million net tax benefit related to several favorable nonrecurring items ; and 2022 a net noncash benefit of $ 9 million associated with the revaluation of deferred income tax liabilities . the as adjusted effective tax rate of 26.6% ( 26.6 % ) for 2014 excluded the $ 9 million net noncash benefit as it will not have a cash flow impact and to ensure comparability among periods presented and the $ 50 million tax benefit mentioned above . the $ 50 million general and administrative expense and $ 50 million tax benefit have been excluded from as adjusted results as there is no impact on blackrock 2019s book value . balance sheet overview as adjusted balance sheet the following table presents a reconciliation of the consolidated statement of financial condition presented on a gaap basis to the consolidated statement of financial condition , excluding the impact of separate account assets and separate account collateral held under securities lending agreements ( directly related to lending separate account securities ) and separate account liabilities and separate account collateral liabilities under securities lending agreements and consolidated sponsored investment funds , including consolidated vies . the company presents the as adjusted balance sheet as additional information to enable investors to exclude certain .
Question: what is the net change in operating income from 2014 to 2015?
| 190.0 |
CONVFINQA3668 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
2016 compared with 2015 net gains on investments of $ 57 million in 2016 decreased $ 52 million from 2015 due to lower net gains in 2016 . net gains on investments in 2015 included a $ 40 million gain related to the bkca acquisition and a $ 35 million unrealized gain on a private equity investment . interest and dividend income increased $ 14 million from 2015 primarily due to higher dividend income in 2016 . 2015 compared with 2014 net gains on investments of $ 109 million in 2015 decreased $ 45 million from 2014 due to lower net gains in 2015 . net gains on investments in 2015 included a $ 40 million gain related to the bkca acquisition and a $ 35 million unrealized gain on a private equity investment . net gains on investments in 2014 included the positive impact of the monetization of a nonstrategic , opportunistic private equity investment . interest expense decreased $ 28 million from 2014 primarily due to repayments of long-term borrowings in the fourth quarter of 2014 . income tax expense . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>gaap 2016</td><td>gaap 2015</td><td>gaap 2014</td><td>gaap 2016</td><td>gaap 2015</td><td>2014</td></tr><tr><td>2</td><td>operating income ( 1 )</td><td>$ 4570</td><td>$ 4664</td><td>$ 4474</td><td>$ 4674</td><td>$ 4695</td><td>$ 4563</td></tr><tr><td>3</td><td>total nonoperating income ( expense ) ( 1 ) ( 2 )</td><td>-108 ( 108 )</td><td>-69 ( 69 )</td><td>-49 ( 49 )</td><td>-108 ( 108 )</td><td>-70 ( 70 )</td><td>-56 ( 56 )</td></tr><tr><td>4</td><td>income before income taxes ( 2 )</td><td>$ 4462</td><td>$ 4595</td><td>$ 4425</td><td>$ 4566</td><td>$ 4625</td><td>$ 4507</td></tr><tr><td>5</td><td>income tax expense</td><td>$ 1290</td><td>$ 1250</td><td>$ 1131</td><td>$ 1352</td><td>$ 1312</td><td>$ 1197</td></tr><tr><td>6</td><td>effective tax rate</td><td>28.9% ( 28.9 % )</td><td>27.2% ( 27.2 % )</td><td>25.6% ( 25.6 % )</td><td>29.6% ( 29.6 % )</td><td>28.4% ( 28.4 % )</td><td>26.6% ( 26.6 % )</td></tr></table> ( 1 ) see non-gaap financial measures for further information on and reconciliation of as adjusted items . ( 2 ) net of net income ( loss ) attributable to nci . the company 2019s tax rate is affected by tax rates in foreign jurisdictions and the relative amount of income earned in those jurisdictions , which the company expects to be fairly consistent in the near term . the significant foreign jurisdictions that have lower statutory tax rates than the u.s . federal statutory rate of 35% ( 35 % ) include the united kingdom , channel islands , ireland and canada . u.s . income taxes were not provided for certain undistributed foreign earnings intended to be indefinitely reinvested outside the united states . 2016 . income tax expense ( gaap ) reflected : 2022 a net noncash benefit of $ 30 million , primarily associated with the revaluation of certain deferred income tax liabilities ; and 2022 a benefit from $ 65 million of nonrecurring items , including the resolution of certain outstanding tax matters . the as adjusted effective tax rate of 29.6% ( 29.6 % ) for 2016 excluded the net noncash benefit of $ 30 million mentioned above , as it will not have a cash flow impact and to ensure comparability among periods presented . 2015 . income tax expense ( gaap ) reflected : 2022 a net noncash benefit of $ 54 million , primarily associated with the revaluation of certain deferred income tax liabilities ; and 2022 a benefit from $ 75 million of nonrecurring items , primarily due to the realization of losses from changes in the company 2019s organizational tax structure and the resolution of certain outstanding tax matters . the as adjusted effective tax rate of 28.4% ( 28.4 % ) for 2015 excluded the net noncash benefit of $ 54 million mentioned above , as it will not have a cash flow impact and to ensure comparability among periods presented . 2014 . income tax expense ( gaap ) reflected : 2022 a $ 94 million tax benefit , primarily due to the resolution of certain outstanding tax matters related to the acquisition of bgi , including the previously mentioned $ 50 million tax benefit ( see executive summary for more information ) ; 2022 a $ 73 million net tax benefit related to several favorable nonrecurring items ; and 2022 a net noncash benefit of $ 9 million associated with the revaluation of deferred income tax liabilities . the as adjusted effective tax rate of 26.6% ( 26.6 % ) for 2014 excluded the $ 9 million net noncash benefit as it will not have a cash flow impact and to ensure comparability among periods presented and the $ 50 million tax benefit mentioned above . the $ 50 million general and administrative expense and $ 50 million tax benefit have been excluded from as adjusted results as there is no impact on blackrock 2019s book value . balance sheet overview as adjusted balance sheet the following table presents a reconciliation of the consolidated statement of financial condition presented on a gaap basis to the consolidated statement of financial condition , excluding the impact of separate account assets and separate account collateral held under securities lending agreements ( directly related to lending separate account securities ) and separate account liabilities and separate account collateral liabilities under securities lending agreements and consolidated sponsored investment funds , including consolidated vies . the company presents the as adjusted balance sheet as additional information to enable investors to exclude certain .
Question: what is the net change in operating income from 2014 to 2015?
Answer: 190.0
Question: what was operating income in 2014?
| 4474.0 |
CONVFINQA3669 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
2016 compared with 2015 net gains on investments of $ 57 million in 2016 decreased $ 52 million from 2015 due to lower net gains in 2016 . net gains on investments in 2015 included a $ 40 million gain related to the bkca acquisition and a $ 35 million unrealized gain on a private equity investment . interest and dividend income increased $ 14 million from 2015 primarily due to higher dividend income in 2016 . 2015 compared with 2014 net gains on investments of $ 109 million in 2015 decreased $ 45 million from 2014 due to lower net gains in 2015 . net gains on investments in 2015 included a $ 40 million gain related to the bkca acquisition and a $ 35 million unrealized gain on a private equity investment . net gains on investments in 2014 included the positive impact of the monetization of a nonstrategic , opportunistic private equity investment . interest expense decreased $ 28 million from 2014 primarily due to repayments of long-term borrowings in the fourth quarter of 2014 . income tax expense . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>gaap 2016</td><td>gaap 2015</td><td>gaap 2014</td><td>gaap 2016</td><td>gaap 2015</td><td>2014</td></tr><tr><td>2</td><td>operating income ( 1 )</td><td>$ 4570</td><td>$ 4664</td><td>$ 4474</td><td>$ 4674</td><td>$ 4695</td><td>$ 4563</td></tr><tr><td>3</td><td>total nonoperating income ( expense ) ( 1 ) ( 2 )</td><td>-108 ( 108 )</td><td>-69 ( 69 )</td><td>-49 ( 49 )</td><td>-108 ( 108 )</td><td>-70 ( 70 )</td><td>-56 ( 56 )</td></tr><tr><td>4</td><td>income before income taxes ( 2 )</td><td>$ 4462</td><td>$ 4595</td><td>$ 4425</td><td>$ 4566</td><td>$ 4625</td><td>$ 4507</td></tr><tr><td>5</td><td>income tax expense</td><td>$ 1290</td><td>$ 1250</td><td>$ 1131</td><td>$ 1352</td><td>$ 1312</td><td>$ 1197</td></tr><tr><td>6</td><td>effective tax rate</td><td>28.9% ( 28.9 % )</td><td>27.2% ( 27.2 % )</td><td>25.6% ( 25.6 % )</td><td>29.6% ( 29.6 % )</td><td>28.4% ( 28.4 % )</td><td>26.6% ( 26.6 % )</td></tr></table> ( 1 ) see non-gaap financial measures for further information on and reconciliation of as adjusted items . ( 2 ) net of net income ( loss ) attributable to nci . the company 2019s tax rate is affected by tax rates in foreign jurisdictions and the relative amount of income earned in those jurisdictions , which the company expects to be fairly consistent in the near term . the significant foreign jurisdictions that have lower statutory tax rates than the u.s . federal statutory rate of 35% ( 35 % ) include the united kingdom , channel islands , ireland and canada . u.s . income taxes were not provided for certain undistributed foreign earnings intended to be indefinitely reinvested outside the united states . 2016 . income tax expense ( gaap ) reflected : 2022 a net noncash benefit of $ 30 million , primarily associated with the revaluation of certain deferred income tax liabilities ; and 2022 a benefit from $ 65 million of nonrecurring items , including the resolution of certain outstanding tax matters . the as adjusted effective tax rate of 29.6% ( 29.6 % ) for 2016 excluded the net noncash benefit of $ 30 million mentioned above , as it will not have a cash flow impact and to ensure comparability among periods presented . 2015 . income tax expense ( gaap ) reflected : 2022 a net noncash benefit of $ 54 million , primarily associated with the revaluation of certain deferred income tax liabilities ; and 2022 a benefit from $ 75 million of nonrecurring items , primarily due to the realization of losses from changes in the company 2019s organizational tax structure and the resolution of certain outstanding tax matters . the as adjusted effective tax rate of 28.4% ( 28.4 % ) for 2015 excluded the net noncash benefit of $ 54 million mentioned above , as it will not have a cash flow impact and to ensure comparability among periods presented . 2014 . income tax expense ( gaap ) reflected : 2022 a $ 94 million tax benefit , primarily due to the resolution of certain outstanding tax matters related to the acquisition of bgi , including the previously mentioned $ 50 million tax benefit ( see executive summary for more information ) ; 2022 a $ 73 million net tax benefit related to several favorable nonrecurring items ; and 2022 a net noncash benefit of $ 9 million associated with the revaluation of deferred income tax liabilities . the as adjusted effective tax rate of 26.6% ( 26.6 % ) for 2014 excluded the $ 9 million net noncash benefit as it will not have a cash flow impact and to ensure comparability among periods presented and the $ 50 million tax benefit mentioned above . the $ 50 million general and administrative expense and $ 50 million tax benefit have been excluded from as adjusted results as there is no impact on blackrock 2019s book value . balance sheet overview as adjusted balance sheet the following table presents a reconciliation of the consolidated statement of financial condition presented on a gaap basis to the consolidated statement of financial condition , excluding the impact of separate account assets and separate account collateral held under securities lending agreements ( directly related to lending separate account securities ) and separate account liabilities and separate account collateral liabilities under securities lending agreements and consolidated sponsored investment funds , including consolidated vies . the company presents the as adjusted balance sheet as additional information to enable investors to exclude certain .
Question: what is the net change in operating income from 2014 to 2015?
Answer: 190.0
Question: what was operating income in 2014?
Answer: 4474.0
Question: what is the net change over that value?
| 0.04247 |
CONVFINQA3670 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
during 2010 , we granted 3.8 million rsus and 1.1 million employee sars . see footnote no . 4 , 201cshare-based compensation , 201d of the notes to our financial statements for additional information . new accounting standards see footnote no . 1 , 201csummary of significant accounting policies , 201d of the notes to our financial statements for information related to our adoption of new accounting standards in 2010 and for information on our anticipated adoption of recently issued accounting standards . liquidity and capital resources cash requirements and our credit facilities our credit facility , which expires on may 14 , 2012 , and associated letters of credit , provide for $ 2.4 billion of aggregate effective borrowings . borrowings under the credit facility bear interest at the london interbank offered rate ( libor ) plus a fixed spread based on the credit ratings for our public debt . we also pay quarterly fees on the credit facility at a rate based on our public debt rating . for additional information on our credit facility , including participating financial institutions , see exhibit 10 , 201camended and restated credit agreement , 201d to our current report on form 8-k filed with the sec on may 16 , 2007 . although our credit facility does not expire until 2012 , we expect that we may extend or replace it during 2011 . the credit facility contains certain covenants , including a single financial covenant that limits our maximum leverage ( consisting of adjusted total debt to consolidated ebitda , each as defined in the credit facility ) to not more than 4 to 1 . our outstanding public debt does not contain a corresponding financial covenant or a requirement that we maintain certain financial ratios . we currently satisfy the covenants in our credit facility and public debt instruments , including the leverage covenant under the credit facility , and do not expect the covenants to restrict our ability to meet our anticipated borrowing and guarantee levels or increase those levels should we need to do so in the future . we believe the credit facility , together with cash we expect to generate from operations and our ability to raise capital , remains adequate to meet our short-term and long-term liquidity requirements , finance our long-term growth plans , meet debt service , and fulfill other cash requirements . at year-end 2010 , our available borrowing capacity amounted to $ 2.831 billion and reflected borrowing capacity of $ 2.326 billion under our credit facility and our cash balance of $ 505 million . we calculate that borrowing capacity by taking $ 2.404 billion of effective aggregate bank commitments under our credit facility and subtracting $ 78 million of outstanding letters of credit under our credit facility . during 2010 , we repaid our outstanding credit facility borrowings and had no outstanding balance at year-end . as noted in the previous paragraphs , we anticipate that this available capacity will be adequate to fund our liquidity needs . since we continue to have ample flexibility under the credit facility 2019s covenants , we also expect that undrawn bank commitments under the credit facility will remain available to us even if business conditions were to deteriorate markedly . cash from operations cash from operations , depreciation expense , and amortization expense for the last three fiscal years are as follows : ( $ in millions ) 2010 2009 2008 . <table class='wikitable'><tr><td>1</td><td>( $ in millions )</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>cash from operations</td><td>$ 1151</td><td>$ 868</td><td>$ 641</td></tr><tr><td>3</td><td>depreciation expense</td><td>138</td><td>151</td><td>155</td></tr><tr><td>4</td><td>amortization expense</td><td>40</td><td>34</td><td>35</td></tr></table> our ratio of current assets to current liabilities was roughly 1.4 to 1.0 at year-end 2010 and 1.2 to 1.0 at year-end 2009 . we minimize working capital through cash management , strict credit-granting policies , and aggressive collection efforts . we also have significant borrowing capacity under our credit facility should we need additional working capital. .
Question: what was cash from operations in 2009?
| 868.0 |
CONVFINQA3671 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
during 2010 , we granted 3.8 million rsus and 1.1 million employee sars . see footnote no . 4 , 201cshare-based compensation , 201d of the notes to our financial statements for additional information . new accounting standards see footnote no . 1 , 201csummary of significant accounting policies , 201d of the notes to our financial statements for information related to our adoption of new accounting standards in 2010 and for information on our anticipated adoption of recently issued accounting standards . liquidity and capital resources cash requirements and our credit facilities our credit facility , which expires on may 14 , 2012 , and associated letters of credit , provide for $ 2.4 billion of aggregate effective borrowings . borrowings under the credit facility bear interest at the london interbank offered rate ( libor ) plus a fixed spread based on the credit ratings for our public debt . we also pay quarterly fees on the credit facility at a rate based on our public debt rating . for additional information on our credit facility , including participating financial institutions , see exhibit 10 , 201camended and restated credit agreement , 201d to our current report on form 8-k filed with the sec on may 16 , 2007 . although our credit facility does not expire until 2012 , we expect that we may extend or replace it during 2011 . the credit facility contains certain covenants , including a single financial covenant that limits our maximum leverage ( consisting of adjusted total debt to consolidated ebitda , each as defined in the credit facility ) to not more than 4 to 1 . our outstanding public debt does not contain a corresponding financial covenant or a requirement that we maintain certain financial ratios . we currently satisfy the covenants in our credit facility and public debt instruments , including the leverage covenant under the credit facility , and do not expect the covenants to restrict our ability to meet our anticipated borrowing and guarantee levels or increase those levels should we need to do so in the future . we believe the credit facility , together with cash we expect to generate from operations and our ability to raise capital , remains adequate to meet our short-term and long-term liquidity requirements , finance our long-term growth plans , meet debt service , and fulfill other cash requirements . at year-end 2010 , our available borrowing capacity amounted to $ 2.831 billion and reflected borrowing capacity of $ 2.326 billion under our credit facility and our cash balance of $ 505 million . we calculate that borrowing capacity by taking $ 2.404 billion of effective aggregate bank commitments under our credit facility and subtracting $ 78 million of outstanding letters of credit under our credit facility . during 2010 , we repaid our outstanding credit facility borrowings and had no outstanding balance at year-end . as noted in the previous paragraphs , we anticipate that this available capacity will be adequate to fund our liquidity needs . since we continue to have ample flexibility under the credit facility 2019s covenants , we also expect that undrawn bank commitments under the credit facility will remain available to us even if business conditions were to deteriorate markedly . cash from operations cash from operations , depreciation expense , and amortization expense for the last three fiscal years are as follows : ( $ in millions ) 2010 2009 2008 . <table class='wikitable'><tr><td>1</td><td>( $ in millions )</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>cash from operations</td><td>$ 1151</td><td>$ 868</td><td>$ 641</td></tr><tr><td>3</td><td>depreciation expense</td><td>138</td><td>151</td><td>155</td></tr><tr><td>4</td><td>amortization expense</td><td>40</td><td>34</td><td>35</td></tr></table> our ratio of current assets to current liabilities was roughly 1.4 to 1.0 at year-end 2010 and 1.2 to 1.0 at year-end 2009 . we minimize working capital through cash management , strict credit-granting policies , and aggressive collection efforts . we also have significant borrowing capacity under our credit facility should we need additional working capital. .
Question: what was cash from operations in 2009?
Answer: 868.0
Question: what was the value in 2008?
| 641.0 |
CONVFINQA3672 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
during 2010 , we granted 3.8 million rsus and 1.1 million employee sars . see footnote no . 4 , 201cshare-based compensation , 201d of the notes to our financial statements for additional information . new accounting standards see footnote no . 1 , 201csummary of significant accounting policies , 201d of the notes to our financial statements for information related to our adoption of new accounting standards in 2010 and for information on our anticipated adoption of recently issued accounting standards . liquidity and capital resources cash requirements and our credit facilities our credit facility , which expires on may 14 , 2012 , and associated letters of credit , provide for $ 2.4 billion of aggregate effective borrowings . borrowings under the credit facility bear interest at the london interbank offered rate ( libor ) plus a fixed spread based on the credit ratings for our public debt . we also pay quarterly fees on the credit facility at a rate based on our public debt rating . for additional information on our credit facility , including participating financial institutions , see exhibit 10 , 201camended and restated credit agreement , 201d to our current report on form 8-k filed with the sec on may 16 , 2007 . although our credit facility does not expire until 2012 , we expect that we may extend or replace it during 2011 . the credit facility contains certain covenants , including a single financial covenant that limits our maximum leverage ( consisting of adjusted total debt to consolidated ebitda , each as defined in the credit facility ) to not more than 4 to 1 . our outstanding public debt does not contain a corresponding financial covenant or a requirement that we maintain certain financial ratios . we currently satisfy the covenants in our credit facility and public debt instruments , including the leverage covenant under the credit facility , and do not expect the covenants to restrict our ability to meet our anticipated borrowing and guarantee levels or increase those levels should we need to do so in the future . we believe the credit facility , together with cash we expect to generate from operations and our ability to raise capital , remains adequate to meet our short-term and long-term liquidity requirements , finance our long-term growth plans , meet debt service , and fulfill other cash requirements . at year-end 2010 , our available borrowing capacity amounted to $ 2.831 billion and reflected borrowing capacity of $ 2.326 billion under our credit facility and our cash balance of $ 505 million . we calculate that borrowing capacity by taking $ 2.404 billion of effective aggregate bank commitments under our credit facility and subtracting $ 78 million of outstanding letters of credit under our credit facility . during 2010 , we repaid our outstanding credit facility borrowings and had no outstanding balance at year-end . as noted in the previous paragraphs , we anticipate that this available capacity will be adequate to fund our liquidity needs . since we continue to have ample flexibility under the credit facility 2019s covenants , we also expect that undrawn bank commitments under the credit facility will remain available to us even if business conditions were to deteriorate markedly . cash from operations cash from operations , depreciation expense , and amortization expense for the last three fiscal years are as follows : ( $ in millions ) 2010 2009 2008 . <table class='wikitable'><tr><td>1</td><td>( $ in millions )</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>cash from operations</td><td>$ 1151</td><td>$ 868</td><td>$ 641</td></tr><tr><td>3</td><td>depreciation expense</td><td>138</td><td>151</td><td>155</td></tr><tr><td>4</td><td>amortization expense</td><td>40</td><td>34</td><td>35</td></tr></table> our ratio of current assets to current liabilities was roughly 1.4 to 1.0 at year-end 2010 and 1.2 to 1.0 at year-end 2009 . we minimize working capital through cash management , strict credit-granting policies , and aggressive collection efforts . we also have significant borrowing capacity under our credit facility should we need additional working capital. .
Question: what was cash from operations in 2009?
Answer: 868.0
Question: what was the value in 2008?
Answer: 641.0
Question: what is the net change in value?
| 227.0 |
CONVFINQA3673 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
during 2010 , we granted 3.8 million rsus and 1.1 million employee sars . see footnote no . 4 , 201cshare-based compensation , 201d of the notes to our financial statements for additional information . new accounting standards see footnote no . 1 , 201csummary of significant accounting policies , 201d of the notes to our financial statements for information related to our adoption of new accounting standards in 2010 and for information on our anticipated adoption of recently issued accounting standards . liquidity and capital resources cash requirements and our credit facilities our credit facility , which expires on may 14 , 2012 , and associated letters of credit , provide for $ 2.4 billion of aggregate effective borrowings . borrowings under the credit facility bear interest at the london interbank offered rate ( libor ) plus a fixed spread based on the credit ratings for our public debt . we also pay quarterly fees on the credit facility at a rate based on our public debt rating . for additional information on our credit facility , including participating financial institutions , see exhibit 10 , 201camended and restated credit agreement , 201d to our current report on form 8-k filed with the sec on may 16 , 2007 . although our credit facility does not expire until 2012 , we expect that we may extend or replace it during 2011 . the credit facility contains certain covenants , including a single financial covenant that limits our maximum leverage ( consisting of adjusted total debt to consolidated ebitda , each as defined in the credit facility ) to not more than 4 to 1 . our outstanding public debt does not contain a corresponding financial covenant or a requirement that we maintain certain financial ratios . we currently satisfy the covenants in our credit facility and public debt instruments , including the leverage covenant under the credit facility , and do not expect the covenants to restrict our ability to meet our anticipated borrowing and guarantee levels or increase those levels should we need to do so in the future . we believe the credit facility , together with cash we expect to generate from operations and our ability to raise capital , remains adequate to meet our short-term and long-term liquidity requirements , finance our long-term growth plans , meet debt service , and fulfill other cash requirements . at year-end 2010 , our available borrowing capacity amounted to $ 2.831 billion and reflected borrowing capacity of $ 2.326 billion under our credit facility and our cash balance of $ 505 million . we calculate that borrowing capacity by taking $ 2.404 billion of effective aggregate bank commitments under our credit facility and subtracting $ 78 million of outstanding letters of credit under our credit facility . during 2010 , we repaid our outstanding credit facility borrowings and had no outstanding balance at year-end . as noted in the previous paragraphs , we anticipate that this available capacity will be adequate to fund our liquidity needs . since we continue to have ample flexibility under the credit facility 2019s covenants , we also expect that undrawn bank commitments under the credit facility will remain available to us even if business conditions were to deteriorate markedly . cash from operations cash from operations , depreciation expense , and amortization expense for the last three fiscal years are as follows : ( $ in millions ) 2010 2009 2008 . <table class='wikitable'><tr><td>1</td><td>( $ in millions )</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>cash from operations</td><td>$ 1151</td><td>$ 868</td><td>$ 641</td></tr><tr><td>3</td><td>depreciation expense</td><td>138</td><td>151</td><td>155</td></tr><tr><td>4</td><td>amortization expense</td><td>40</td><td>34</td><td>35</td></tr></table> our ratio of current assets to current liabilities was roughly 1.4 to 1.0 at year-end 2010 and 1.2 to 1.0 at year-end 2009 . we minimize working capital through cash management , strict credit-granting policies , and aggressive collection efforts . we also have significant borrowing capacity under our credit facility should we need additional working capital. .
Question: what was cash from operations in 2009?
Answer: 868.0
Question: what was the value in 2008?
Answer: 641.0
Question: what is the net change in value?
Answer: 227.0
Question: what was the 2008 value?
| 641.0 |
CONVFINQA3674 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
during 2010 , we granted 3.8 million rsus and 1.1 million employee sars . see footnote no . 4 , 201cshare-based compensation , 201d of the notes to our financial statements for additional information . new accounting standards see footnote no . 1 , 201csummary of significant accounting policies , 201d of the notes to our financial statements for information related to our adoption of new accounting standards in 2010 and for information on our anticipated adoption of recently issued accounting standards . liquidity and capital resources cash requirements and our credit facilities our credit facility , which expires on may 14 , 2012 , and associated letters of credit , provide for $ 2.4 billion of aggregate effective borrowings . borrowings under the credit facility bear interest at the london interbank offered rate ( libor ) plus a fixed spread based on the credit ratings for our public debt . we also pay quarterly fees on the credit facility at a rate based on our public debt rating . for additional information on our credit facility , including participating financial institutions , see exhibit 10 , 201camended and restated credit agreement , 201d to our current report on form 8-k filed with the sec on may 16 , 2007 . although our credit facility does not expire until 2012 , we expect that we may extend or replace it during 2011 . the credit facility contains certain covenants , including a single financial covenant that limits our maximum leverage ( consisting of adjusted total debt to consolidated ebitda , each as defined in the credit facility ) to not more than 4 to 1 . our outstanding public debt does not contain a corresponding financial covenant or a requirement that we maintain certain financial ratios . we currently satisfy the covenants in our credit facility and public debt instruments , including the leverage covenant under the credit facility , and do not expect the covenants to restrict our ability to meet our anticipated borrowing and guarantee levels or increase those levels should we need to do so in the future . we believe the credit facility , together with cash we expect to generate from operations and our ability to raise capital , remains adequate to meet our short-term and long-term liquidity requirements , finance our long-term growth plans , meet debt service , and fulfill other cash requirements . at year-end 2010 , our available borrowing capacity amounted to $ 2.831 billion and reflected borrowing capacity of $ 2.326 billion under our credit facility and our cash balance of $ 505 million . we calculate that borrowing capacity by taking $ 2.404 billion of effective aggregate bank commitments under our credit facility and subtracting $ 78 million of outstanding letters of credit under our credit facility . during 2010 , we repaid our outstanding credit facility borrowings and had no outstanding balance at year-end . as noted in the previous paragraphs , we anticipate that this available capacity will be adequate to fund our liquidity needs . since we continue to have ample flexibility under the credit facility 2019s covenants , we also expect that undrawn bank commitments under the credit facility will remain available to us even if business conditions were to deteriorate markedly . cash from operations cash from operations , depreciation expense , and amortization expense for the last three fiscal years are as follows : ( $ in millions ) 2010 2009 2008 . <table class='wikitable'><tr><td>1</td><td>( $ in millions )</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>cash from operations</td><td>$ 1151</td><td>$ 868</td><td>$ 641</td></tr><tr><td>3</td><td>depreciation expense</td><td>138</td><td>151</td><td>155</td></tr><tr><td>4</td><td>amortization expense</td><td>40</td><td>34</td><td>35</td></tr></table> our ratio of current assets to current liabilities was roughly 1.4 to 1.0 at year-end 2010 and 1.2 to 1.0 at year-end 2009 . we minimize working capital through cash management , strict credit-granting policies , and aggressive collection efforts . we also have significant borrowing capacity under our credit facility should we need additional working capital. .
Question: what was cash from operations in 2009?
Answer: 868.0
Question: what was the value in 2008?
Answer: 641.0
Question: what is the net change in value?
Answer: 227.0
Question: what was the 2008 value?
Answer: 641.0
Question: what is the net change over the 2008 value?
| 0.35413 |
CONVFINQA3675 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
of exercise for stock options exercised or at period end for outstanding stock options , less the applicable exercise price . the company issued new shares to satisfy exercised stock options . compensation expense the company recorded $ 43 million , $ 34 million , and $ 44 million of expense related to stock awards for the years ended december 31 , 2015 , 2014 , and 2013 , respectively . the company recorded $ 17 million , $ 13 million , and $ 17 million as a tax benefit related to stock awards and stock options for the years ended december 31 , 2015 , 2014 , and 2013 , respectively . the company recognized tax benefits for the years ended december 31 , 2015 , 2014 , and 2013 , of $ 41 million , $ 53 million , and $ 32 million , respectively , from the issuance of stock in settlement of stock awards , and $ 4 million , $ 5 million , and $ 4 million for the years ended december 31 , 2015 , 2014 , and 2013 , respectively , from the exercise of stock options . unrecognized compensation expense as of december 31 , 2015 , the company had less than $ 1 million of unrecognized compensation expense associated with rsrs granted in 2015 and 2014 , which will be recognized over a weighted average period of 1.0 year , and $ 25 million of unrecognized expense associated with rpsrs granted in 2015 , 2014 , and 2013 , which will be recognized over a weighted average period of 0.6 years . as of december 31 , 2015 , the company had no unrecognized compensation expense related to stock options . compensation expense for stock options was fully recognized as of december 31 , 2013 . 20 . unaudited selected quarterly data unaudited quarterly financial results for the years ended december 31 , 2015 and 2014 , are set forth in the following tables: . <table class='wikitable'><tr><td>1</td><td>( $ in millions except per share amounts )</td><td>year ended december 31 2015 1st qtr</td><td>year ended december 31 2015 2nd qtr ( 1 )</td><td>year ended december 31 2015 3rd qtr</td><td>year ended december 31 2015 4th qtr ( 2 )</td></tr><tr><td>2</td><td>sales and service revenues</td><td>$ 1570</td><td>$ 1745</td><td>$ 1800</td><td>$ 1905</td></tr><tr><td>3</td><td>operating income ( loss )</td><td>156</td><td>269</td><td>200</td><td>144</td></tr><tr><td>4</td><td>earnings ( loss ) before income taxes</td><td>133</td><td>244</td><td>175</td><td>80</td></tr><tr><td>5</td><td>net earnings ( loss )</td><td>87</td><td>156</td><td>111</td><td>50</td></tr><tr><td>6</td><td>dividends declared per share</td><td>$ 0.40</td><td>$ 0.40</td><td>$ 0.40</td><td>$ 0.50</td></tr><tr><td>7</td><td>basic earnings ( loss ) per share</td><td>$ 1.80</td><td>$ 3.22</td><td>$ 2.31</td><td>$ 1.07</td></tr><tr><td>8</td><td>diluted earnings ( loss ) per share</td><td>$ 1.79</td><td>$ 3.20</td><td>$ 2.29</td><td>$ 1.06</td></tr></table> ( 1 ) in the second quarter of 2015 , the company recorded a $ 59 million goodwill impairment charge . during the same period , the company recorded $ 136 million of operating income as a result of the aon settlement . ( 2 ) in the fourth quarter of 2015 , the company recorded $ 16 million goodwill impairment and $ 27 million intangible asset impairment charges. .
Question: what is the total net income for the first two quarters of 2015?
| 243.0 |
CONVFINQA3676 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
of exercise for stock options exercised or at period end for outstanding stock options , less the applicable exercise price . the company issued new shares to satisfy exercised stock options . compensation expense the company recorded $ 43 million , $ 34 million , and $ 44 million of expense related to stock awards for the years ended december 31 , 2015 , 2014 , and 2013 , respectively . the company recorded $ 17 million , $ 13 million , and $ 17 million as a tax benefit related to stock awards and stock options for the years ended december 31 , 2015 , 2014 , and 2013 , respectively . the company recognized tax benefits for the years ended december 31 , 2015 , 2014 , and 2013 , of $ 41 million , $ 53 million , and $ 32 million , respectively , from the issuance of stock in settlement of stock awards , and $ 4 million , $ 5 million , and $ 4 million for the years ended december 31 , 2015 , 2014 , and 2013 , respectively , from the exercise of stock options . unrecognized compensation expense as of december 31 , 2015 , the company had less than $ 1 million of unrecognized compensation expense associated with rsrs granted in 2015 and 2014 , which will be recognized over a weighted average period of 1.0 year , and $ 25 million of unrecognized expense associated with rpsrs granted in 2015 , 2014 , and 2013 , which will be recognized over a weighted average period of 0.6 years . as of december 31 , 2015 , the company had no unrecognized compensation expense related to stock options . compensation expense for stock options was fully recognized as of december 31 , 2013 . 20 . unaudited selected quarterly data unaudited quarterly financial results for the years ended december 31 , 2015 and 2014 , are set forth in the following tables: . <table class='wikitable'><tr><td>1</td><td>( $ in millions except per share amounts )</td><td>year ended december 31 2015 1st qtr</td><td>year ended december 31 2015 2nd qtr ( 1 )</td><td>year ended december 31 2015 3rd qtr</td><td>year ended december 31 2015 4th qtr ( 2 )</td></tr><tr><td>2</td><td>sales and service revenues</td><td>$ 1570</td><td>$ 1745</td><td>$ 1800</td><td>$ 1905</td></tr><tr><td>3</td><td>operating income ( loss )</td><td>156</td><td>269</td><td>200</td><td>144</td></tr><tr><td>4</td><td>earnings ( loss ) before income taxes</td><td>133</td><td>244</td><td>175</td><td>80</td></tr><tr><td>5</td><td>net earnings ( loss )</td><td>87</td><td>156</td><td>111</td><td>50</td></tr><tr><td>6</td><td>dividends declared per share</td><td>$ 0.40</td><td>$ 0.40</td><td>$ 0.40</td><td>$ 0.50</td></tr><tr><td>7</td><td>basic earnings ( loss ) per share</td><td>$ 1.80</td><td>$ 3.22</td><td>$ 2.31</td><td>$ 1.07</td></tr><tr><td>8</td><td>diluted earnings ( loss ) per share</td><td>$ 1.79</td><td>$ 3.20</td><td>$ 2.29</td><td>$ 1.06</td></tr></table> ( 1 ) in the second quarter of 2015 , the company recorded a $ 59 million goodwill impairment charge . during the same period , the company recorded $ 136 million of operating income as a result of the aon settlement . ( 2 ) in the fourth quarter of 2015 , the company recorded $ 16 million goodwill impairment and $ 27 million intangible asset impairment charges. .
Question: what is the total net income for the first two quarters of 2015?
Answer: 243.0
Question: and what is it for the first three quarters?
| 354.0 |
CONVFINQA3677 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
of exercise for stock options exercised or at period end for outstanding stock options , less the applicable exercise price . the company issued new shares to satisfy exercised stock options . compensation expense the company recorded $ 43 million , $ 34 million , and $ 44 million of expense related to stock awards for the years ended december 31 , 2015 , 2014 , and 2013 , respectively . the company recorded $ 17 million , $ 13 million , and $ 17 million as a tax benefit related to stock awards and stock options for the years ended december 31 , 2015 , 2014 , and 2013 , respectively . the company recognized tax benefits for the years ended december 31 , 2015 , 2014 , and 2013 , of $ 41 million , $ 53 million , and $ 32 million , respectively , from the issuance of stock in settlement of stock awards , and $ 4 million , $ 5 million , and $ 4 million for the years ended december 31 , 2015 , 2014 , and 2013 , respectively , from the exercise of stock options . unrecognized compensation expense as of december 31 , 2015 , the company had less than $ 1 million of unrecognized compensation expense associated with rsrs granted in 2015 and 2014 , which will be recognized over a weighted average period of 1.0 year , and $ 25 million of unrecognized expense associated with rpsrs granted in 2015 , 2014 , and 2013 , which will be recognized over a weighted average period of 0.6 years . as of december 31 , 2015 , the company had no unrecognized compensation expense related to stock options . compensation expense for stock options was fully recognized as of december 31 , 2013 . 20 . unaudited selected quarterly data unaudited quarterly financial results for the years ended december 31 , 2015 and 2014 , are set forth in the following tables: . <table class='wikitable'><tr><td>1</td><td>( $ in millions except per share amounts )</td><td>year ended december 31 2015 1st qtr</td><td>year ended december 31 2015 2nd qtr ( 1 )</td><td>year ended december 31 2015 3rd qtr</td><td>year ended december 31 2015 4th qtr ( 2 )</td></tr><tr><td>2</td><td>sales and service revenues</td><td>$ 1570</td><td>$ 1745</td><td>$ 1800</td><td>$ 1905</td></tr><tr><td>3</td><td>operating income ( loss )</td><td>156</td><td>269</td><td>200</td><td>144</td></tr><tr><td>4</td><td>earnings ( loss ) before income taxes</td><td>133</td><td>244</td><td>175</td><td>80</td></tr><tr><td>5</td><td>net earnings ( loss )</td><td>87</td><td>156</td><td>111</td><td>50</td></tr><tr><td>6</td><td>dividends declared per share</td><td>$ 0.40</td><td>$ 0.40</td><td>$ 0.40</td><td>$ 0.50</td></tr><tr><td>7</td><td>basic earnings ( loss ) per share</td><td>$ 1.80</td><td>$ 3.22</td><td>$ 2.31</td><td>$ 1.07</td></tr><tr><td>8</td><td>diluted earnings ( loss ) per share</td><td>$ 1.79</td><td>$ 3.20</td><td>$ 2.29</td><td>$ 1.06</td></tr></table> ( 1 ) in the second quarter of 2015 , the company recorded a $ 59 million goodwill impairment charge . during the same period , the company recorded $ 136 million of operating income as a result of the aon settlement . ( 2 ) in the fourth quarter of 2015 , the company recorded $ 16 million goodwill impairment and $ 27 million intangible asset impairment charges. .
Question: what is the total net income for the first two quarters of 2015?
Answer: 243.0
Question: and what is it for the first three quarters?
Answer: 354.0
Question: what was the net income in the fourth quarter?
| 50.0 |
CONVFINQA3678 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
of exercise for stock options exercised or at period end for outstanding stock options , less the applicable exercise price . the company issued new shares to satisfy exercised stock options . compensation expense the company recorded $ 43 million , $ 34 million , and $ 44 million of expense related to stock awards for the years ended december 31 , 2015 , 2014 , and 2013 , respectively . the company recorded $ 17 million , $ 13 million , and $ 17 million as a tax benefit related to stock awards and stock options for the years ended december 31 , 2015 , 2014 , and 2013 , respectively . the company recognized tax benefits for the years ended december 31 , 2015 , 2014 , and 2013 , of $ 41 million , $ 53 million , and $ 32 million , respectively , from the issuance of stock in settlement of stock awards , and $ 4 million , $ 5 million , and $ 4 million for the years ended december 31 , 2015 , 2014 , and 2013 , respectively , from the exercise of stock options . unrecognized compensation expense as of december 31 , 2015 , the company had less than $ 1 million of unrecognized compensation expense associated with rsrs granted in 2015 and 2014 , which will be recognized over a weighted average period of 1.0 year , and $ 25 million of unrecognized expense associated with rpsrs granted in 2015 , 2014 , and 2013 , which will be recognized over a weighted average period of 0.6 years . as of december 31 , 2015 , the company had no unrecognized compensation expense related to stock options . compensation expense for stock options was fully recognized as of december 31 , 2013 . 20 . unaudited selected quarterly data unaudited quarterly financial results for the years ended december 31 , 2015 and 2014 , are set forth in the following tables: . <table class='wikitable'><tr><td>1</td><td>( $ in millions except per share amounts )</td><td>year ended december 31 2015 1st qtr</td><td>year ended december 31 2015 2nd qtr ( 1 )</td><td>year ended december 31 2015 3rd qtr</td><td>year ended december 31 2015 4th qtr ( 2 )</td></tr><tr><td>2</td><td>sales and service revenues</td><td>$ 1570</td><td>$ 1745</td><td>$ 1800</td><td>$ 1905</td></tr><tr><td>3</td><td>operating income ( loss )</td><td>156</td><td>269</td><td>200</td><td>144</td></tr><tr><td>4</td><td>earnings ( loss ) before income taxes</td><td>133</td><td>244</td><td>175</td><td>80</td></tr><tr><td>5</td><td>net earnings ( loss )</td><td>87</td><td>156</td><td>111</td><td>50</td></tr><tr><td>6</td><td>dividends declared per share</td><td>$ 0.40</td><td>$ 0.40</td><td>$ 0.40</td><td>$ 0.50</td></tr><tr><td>7</td><td>basic earnings ( loss ) per share</td><td>$ 1.80</td><td>$ 3.22</td><td>$ 2.31</td><td>$ 1.07</td></tr><tr><td>8</td><td>diluted earnings ( loss ) per share</td><td>$ 1.79</td><td>$ 3.20</td><td>$ 2.29</td><td>$ 1.06</td></tr></table> ( 1 ) in the second quarter of 2015 , the company recorded a $ 59 million goodwill impairment charge . during the same period , the company recorded $ 136 million of operating income as a result of the aon settlement . ( 2 ) in the fourth quarter of 2015 , the company recorded $ 16 million goodwill impairment and $ 27 million intangible asset impairment charges. .
Question: what is the total net income for the first two quarters of 2015?
Answer: 243.0
Question: and what is it for the first three quarters?
Answer: 354.0
Question: what was the net income in the fourth quarter?
Answer: 50.0
Question: including, then, the fourth quarter, what is the total net income for all the quarters, or the year?
| 404.0 |
CONVFINQA3679 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
notes to consolidated financial statements ( continued ) | 72 snap-on incorporated following is a reconciliation of the beginning and ending amount of unrecognized tax benefits : ( amounts in millions ) amount . <table class='wikitable'><tr><td>1</td><td>( amounts in millions )</td><td>amount</td></tr><tr><td>2</td><td>unrecognized tax benefits as of december 31 2006</td><td>$ 21.3</td></tr><tr><td>3</td><td>gross increases 2013 tax positions in prior periods</td><td>0.5</td></tr><tr><td>4</td><td>gross decreases 2013 tax positions in prior periods</td><td>-0.4 ( 0.4 )</td></tr><tr><td>5</td><td>gross increases 2013 tax positions in the current period</td><td>0.5</td></tr><tr><td>6</td><td>settlements with taxing authorities</td><td>-3.0 ( 3.0 )</td></tr><tr><td>7</td><td>lapsing of statutes of limitations</td><td>-0.2 ( 0.2 )</td></tr><tr><td>8</td><td>unrecognized tax benefits as of december 29 2007</td><td>$ 18.7</td></tr></table> of the $ 18.7 million of unrecognized tax benefits at the end of 2007 , approximately $ 16.2 million would impact the effective income tax rate if recognized . interest and penalties related to unrecognized tax benefits are recorded in income tax expense . during the years ended december 29 , 2007 , december 30 , 2006 , and december 31 , 2005 , the company recognized approximately $ 1.2 million , $ 0.5 million and ( $ 0.5 ) million in net interest expense ( benefit ) , respectively . the company has provided for approximately $ 3.4 million , $ 2.2 million , and $ 1.7 million of accrued interest related to unrecognized tax benefits at the end of fiscal year 2007 , 2006 and 2005 , respectively . during the next 12 months , the company does not anticipate any significant changes to the total amount of unrecognized tax benefits , other than the accrual of additional interest expense in an amount similar to the prior year 2019s expense . with few exceptions , snap-on is no longer subject to u.s . federal and state/local income tax examinations by tax authorities for years prior to 2003 , and snap-on is no longer subject to non-u.s . income tax examinations by tax authorities for years prior to 2001 . the undistributed earnings of all non-u.s . subsidiaries totaled $ 338.5 million , $ 247.4 million and $ 173.6 million at the end of fiscal 2007 , 2006 and 2005 , respectively . snap-on has not provided any deferred taxes on these undistributed earnings as it considers the undistributed earnings to be permanently invested . determination of the amount of unrecognized deferred income tax liability related to these earnings is not practicable . the american jobs creation act of 2004 ( the 201cajca 201d ) created a one-time tax incentive for u.s . corporations to repatriate accumulated foreign earnings by providing a tax deduction of 85% ( 85 % ) of qualifying dividends received from foreign affiliates . under the provisions of the ajca , snap-on repatriated approximately $ 93 million of qualifying dividends in 2005 that resulted in additional income tax expense of $ 3.3 million for the year . note 9 : short-term and long-term debt notes payable and long-term debt as of december 29 , 2007 , was $ 517.9 million ; no commercial paper was outstanding at december 29 , 2007 . as of december 30 , 2006 , notes payable and long-term debt was $ 549.2 million , including $ 314.9 million of commercial paper . snap-on presented $ 300 million of the december 30 , 2006 , outstanding commercial paper as 201clong-term debt 201d on the accompanying december 30 , 2006 , consolidated balance sheet . on january 12 , 2007 , snap-on sold $ 300 million of unsecured notes consisting of $ 150 million of floating rate notes that mature on january 12 , 2010 , and $ 150 million of fixed rate notes that mature on january 15 , 2017 . interest on the floating rate notes accrues at a rate equal to the three-month london interbank offer rate plus 0.13% ( 0.13 % ) per year and is payable quarterly . interest on the fixed rate notes accrues at a rate of 5.50% ( 5.50 % ) per year and is payable semi-annually . snap-on used the proceeds from the sale of the notes , net of $ 1.5 million of transaction costs , to repay commercial paper obligations issued to finance the acquisition of business solutions . on january 12 , 2007 , the company also terminated a $ 250 million bridge credit agreement that snap-on established prior to its acquisition of business solutions. .
Question: what is the change in balance of the unrecognized tax benefits from 2006 to 2007?
| -2.6 |
CONVFINQA3680 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
notes to consolidated financial statements ( continued ) | 72 snap-on incorporated following is a reconciliation of the beginning and ending amount of unrecognized tax benefits : ( amounts in millions ) amount . <table class='wikitable'><tr><td>1</td><td>( amounts in millions )</td><td>amount</td></tr><tr><td>2</td><td>unrecognized tax benefits as of december 31 2006</td><td>$ 21.3</td></tr><tr><td>3</td><td>gross increases 2013 tax positions in prior periods</td><td>0.5</td></tr><tr><td>4</td><td>gross decreases 2013 tax positions in prior periods</td><td>-0.4 ( 0.4 )</td></tr><tr><td>5</td><td>gross increases 2013 tax positions in the current period</td><td>0.5</td></tr><tr><td>6</td><td>settlements with taxing authorities</td><td>-3.0 ( 3.0 )</td></tr><tr><td>7</td><td>lapsing of statutes of limitations</td><td>-0.2 ( 0.2 )</td></tr><tr><td>8</td><td>unrecognized tax benefits as of december 29 2007</td><td>$ 18.7</td></tr></table> of the $ 18.7 million of unrecognized tax benefits at the end of 2007 , approximately $ 16.2 million would impact the effective income tax rate if recognized . interest and penalties related to unrecognized tax benefits are recorded in income tax expense . during the years ended december 29 , 2007 , december 30 , 2006 , and december 31 , 2005 , the company recognized approximately $ 1.2 million , $ 0.5 million and ( $ 0.5 ) million in net interest expense ( benefit ) , respectively . the company has provided for approximately $ 3.4 million , $ 2.2 million , and $ 1.7 million of accrued interest related to unrecognized tax benefits at the end of fiscal year 2007 , 2006 and 2005 , respectively . during the next 12 months , the company does not anticipate any significant changes to the total amount of unrecognized tax benefits , other than the accrual of additional interest expense in an amount similar to the prior year 2019s expense . with few exceptions , snap-on is no longer subject to u.s . federal and state/local income tax examinations by tax authorities for years prior to 2003 , and snap-on is no longer subject to non-u.s . income tax examinations by tax authorities for years prior to 2001 . the undistributed earnings of all non-u.s . subsidiaries totaled $ 338.5 million , $ 247.4 million and $ 173.6 million at the end of fiscal 2007 , 2006 and 2005 , respectively . snap-on has not provided any deferred taxes on these undistributed earnings as it considers the undistributed earnings to be permanently invested . determination of the amount of unrecognized deferred income tax liability related to these earnings is not practicable . the american jobs creation act of 2004 ( the 201cajca 201d ) created a one-time tax incentive for u.s . corporations to repatriate accumulated foreign earnings by providing a tax deduction of 85% ( 85 % ) of qualifying dividends received from foreign affiliates . under the provisions of the ajca , snap-on repatriated approximately $ 93 million of qualifying dividends in 2005 that resulted in additional income tax expense of $ 3.3 million for the year . note 9 : short-term and long-term debt notes payable and long-term debt as of december 29 , 2007 , was $ 517.9 million ; no commercial paper was outstanding at december 29 , 2007 . as of december 30 , 2006 , notes payable and long-term debt was $ 549.2 million , including $ 314.9 million of commercial paper . snap-on presented $ 300 million of the december 30 , 2006 , outstanding commercial paper as 201clong-term debt 201d on the accompanying december 30 , 2006 , consolidated balance sheet . on january 12 , 2007 , snap-on sold $ 300 million of unsecured notes consisting of $ 150 million of floating rate notes that mature on january 12 , 2010 , and $ 150 million of fixed rate notes that mature on january 15 , 2017 . interest on the floating rate notes accrues at a rate equal to the three-month london interbank offer rate plus 0.13% ( 0.13 % ) per year and is payable quarterly . interest on the fixed rate notes accrues at a rate of 5.50% ( 5.50 % ) per year and is payable semi-annually . snap-on used the proceeds from the sale of the notes , net of $ 1.5 million of transaction costs , to repay commercial paper obligations issued to finance the acquisition of business solutions . on january 12 , 2007 , the company also terminated a $ 250 million bridge credit agreement that snap-on established prior to its acquisition of business solutions. .
Question: what is the change in balance of the unrecognized tax benefits from 2006 to 2007?
Answer: -2.6
Question: what is the balance of the unrecognized tax benefits in 2006?
| 21.3 |
CONVFINQA3681 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
notes to consolidated financial statements ( continued ) | 72 snap-on incorporated following is a reconciliation of the beginning and ending amount of unrecognized tax benefits : ( amounts in millions ) amount . <table class='wikitable'><tr><td>1</td><td>( amounts in millions )</td><td>amount</td></tr><tr><td>2</td><td>unrecognized tax benefits as of december 31 2006</td><td>$ 21.3</td></tr><tr><td>3</td><td>gross increases 2013 tax positions in prior periods</td><td>0.5</td></tr><tr><td>4</td><td>gross decreases 2013 tax positions in prior periods</td><td>-0.4 ( 0.4 )</td></tr><tr><td>5</td><td>gross increases 2013 tax positions in the current period</td><td>0.5</td></tr><tr><td>6</td><td>settlements with taxing authorities</td><td>-3.0 ( 3.0 )</td></tr><tr><td>7</td><td>lapsing of statutes of limitations</td><td>-0.2 ( 0.2 )</td></tr><tr><td>8</td><td>unrecognized tax benefits as of december 29 2007</td><td>$ 18.7</td></tr></table> of the $ 18.7 million of unrecognized tax benefits at the end of 2007 , approximately $ 16.2 million would impact the effective income tax rate if recognized . interest and penalties related to unrecognized tax benefits are recorded in income tax expense . during the years ended december 29 , 2007 , december 30 , 2006 , and december 31 , 2005 , the company recognized approximately $ 1.2 million , $ 0.5 million and ( $ 0.5 ) million in net interest expense ( benefit ) , respectively . the company has provided for approximately $ 3.4 million , $ 2.2 million , and $ 1.7 million of accrued interest related to unrecognized tax benefits at the end of fiscal year 2007 , 2006 and 2005 , respectively . during the next 12 months , the company does not anticipate any significant changes to the total amount of unrecognized tax benefits , other than the accrual of additional interest expense in an amount similar to the prior year 2019s expense . with few exceptions , snap-on is no longer subject to u.s . federal and state/local income tax examinations by tax authorities for years prior to 2003 , and snap-on is no longer subject to non-u.s . income tax examinations by tax authorities for years prior to 2001 . the undistributed earnings of all non-u.s . subsidiaries totaled $ 338.5 million , $ 247.4 million and $ 173.6 million at the end of fiscal 2007 , 2006 and 2005 , respectively . snap-on has not provided any deferred taxes on these undistributed earnings as it considers the undistributed earnings to be permanently invested . determination of the amount of unrecognized deferred income tax liability related to these earnings is not practicable . the american jobs creation act of 2004 ( the 201cajca 201d ) created a one-time tax incentive for u.s . corporations to repatriate accumulated foreign earnings by providing a tax deduction of 85% ( 85 % ) of qualifying dividends received from foreign affiliates . under the provisions of the ajca , snap-on repatriated approximately $ 93 million of qualifying dividends in 2005 that resulted in additional income tax expense of $ 3.3 million for the year . note 9 : short-term and long-term debt notes payable and long-term debt as of december 29 , 2007 , was $ 517.9 million ; no commercial paper was outstanding at december 29 , 2007 . as of december 30 , 2006 , notes payable and long-term debt was $ 549.2 million , including $ 314.9 million of commercial paper . snap-on presented $ 300 million of the december 30 , 2006 , outstanding commercial paper as 201clong-term debt 201d on the accompanying december 30 , 2006 , consolidated balance sheet . on january 12 , 2007 , snap-on sold $ 300 million of unsecured notes consisting of $ 150 million of floating rate notes that mature on january 12 , 2010 , and $ 150 million of fixed rate notes that mature on january 15 , 2017 . interest on the floating rate notes accrues at a rate equal to the three-month london interbank offer rate plus 0.13% ( 0.13 % ) per year and is payable quarterly . interest on the fixed rate notes accrues at a rate of 5.50% ( 5.50 % ) per year and is payable semi-annually . snap-on used the proceeds from the sale of the notes , net of $ 1.5 million of transaction costs , to repay commercial paper obligations issued to finance the acquisition of business solutions . on january 12 , 2007 , the company also terminated a $ 250 million bridge credit agreement that snap-on established prior to its acquisition of business solutions. .
Question: what is the change in balance of the unrecognized tax benefits from 2006 to 2007?
Answer: -2.6
Question: what is the balance of the unrecognized tax benefits in 2006?
Answer: 21.3
Question: what percentage change does this represent?
| -0.12207 |
CONVFINQA3682 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
consolidated income statement review our consolidated income statement is presented in item 8 of this report . net income for 2012 was $ 3.0 billion compared with $ 3.1 billion for 2011 . revenue growth of 8 percent and a decline in the provision for credit losses were more than offset by a 16 percent increase in noninterest expense in 2012 compared to 2011 . further detail is included in the net interest income , noninterest income , provision for credit losses and noninterest expense portions of this consolidated income statement review . net interest income table 2 : net interest income and net interest margin year ended december 31 dollars in millions 2012 2011 . <table class='wikitable'><tr><td>1</td><td>year ended december 31dollars in millions</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>net interest income</td><td>$ 9640</td><td>$ 8700</td></tr><tr><td>3</td><td>net interest margin</td><td>3.94% ( 3.94 % )</td><td>3.92% ( 3.92 % )</td></tr></table> changes in net interest income and margin result from the interaction of the volume and composition of interest-earning assets and related yields , interest-bearing liabilities and related rates paid , and noninterest-bearing sources of funding . see the statistical information ( unaudited ) 2013 average consolidated balance sheet and net interest analysis and analysis of year-to-year changes in net interest income in item 8 of this report and the discussion of purchase accounting accretion of purchased impaired loans in the consolidated balance sheet review in this item 7 for additional information . the increase in net interest income in 2012 compared with 2011 was primarily due to the impact of the rbc bank ( usa ) acquisition , organic loan growth and lower funding costs . purchase accounting accretion remained stable at $ 1.1 billion in both periods . the net interest margin was 3.94% ( 3.94 % ) for 2012 and 3.92% ( 3.92 % ) for 2011 . the increase in the comparison was primarily due to a decrease in the weighted-average rate accrued on total interest- bearing liabilities of 29 basis points , largely offset by a 21 basis point decrease on the yield on total interest-earning assets . the decrease in the rate on interest-bearing liabilities was primarily due to the runoff of maturing retail certificates of deposit and the redemption of additional trust preferred and hybrid capital securities during 2012 , in addition to an increase in fhlb borrowings and commercial paper as lower-cost funding sources . the decrease in the yield on interest-earning assets was primarily due to lower rates on new loan volume and lower yields on new securities in the current low rate environment . with respect to the first quarter of 2013 , we expect net interest income to decline by two to three percent compared to fourth quarter 2012 net interest income of $ 2.4 billion , due to a decrease in purchase accounting accretion of up to $ 50 to $ 60 million , including lower expected cash recoveries . for the full year 2013 , we expect net interest income to decrease compared with 2012 , assuming an expected decline in purchase accounting accretion of approximately $ 400 million , while core net interest income is expected to increase in the year-over-year comparison . we believe our net interest margin will come under pressure in 2013 , due to the expected decline in purchase accounting accretion and assuming that the current low rate environment continues . noninterest income noninterest income totaled $ 5.9 billion for 2012 and $ 5.6 billion for 2011 . the overall increase in the comparison was primarily due to an increase in residential mortgage loan sales revenue driven by higher loan origination volume , gains on sales of visa class b common shares and higher corporate service fees , largely offset by higher provision for residential mortgage repurchase obligations . asset management revenue , including blackrock , totaled $ 1.2 billion in 2012 compared with $ 1.1 billion in 2011 . this increase was primarily due to higher earnings from our blackrock investment . discretionary assets under management increased to $ 112 billion at december 31 , 2012 compared with $ 107 billion at december 31 , 2011 driven by stronger average equity markets , positive net flows and strong sales performance . for 2012 , consumer services fees were $ 1.1 billion compared with $ 1.2 billion in 2011 . the decline reflected the regulatory impact of lower interchange fees on debit card transactions partially offset by customer growth . as further discussed in the retail banking portion of the business segments review section of this item 7 , the dodd-frank limits on interchange rates were effective october 1 , 2011 and had a negative impact on revenue of approximately $ 314 million in 2012 and $ 75 million in 2011 . this impact was partially offset by higher volumes of merchant , customer credit card and debit card transactions and the impact of the rbc bank ( usa ) acquisition . corporate services revenue increased by $ .3 billion , or 30 percent , to $ 1.2 billion in 2012 compared with $ .9 billion in 2011 due to higher commercial mortgage servicing revenue and higher merger and acquisition advisory fees in 2012 . the major components of corporate services revenue are treasury management revenue , corporate finance fees , including revenue from capital markets-related products and services , and commercial mortgage servicing revenue , including commercial mortgage banking activities . see the product revenue portion of this consolidated income statement review for further detail . the pnc financial services group , inc . 2013 form 10-k 39 .
Question: what is the net change in net interest income from 2011 to 2012?
| 940.0 |
CONVFINQA3683 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
consolidated income statement review our consolidated income statement is presented in item 8 of this report . net income for 2012 was $ 3.0 billion compared with $ 3.1 billion for 2011 . revenue growth of 8 percent and a decline in the provision for credit losses were more than offset by a 16 percent increase in noninterest expense in 2012 compared to 2011 . further detail is included in the net interest income , noninterest income , provision for credit losses and noninterest expense portions of this consolidated income statement review . net interest income table 2 : net interest income and net interest margin year ended december 31 dollars in millions 2012 2011 . <table class='wikitable'><tr><td>1</td><td>year ended december 31dollars in millions</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>net interest income</td><td>$ 9640</td><td>$ 8700</td></tr><tr><td>3</td><td>net interest margin</td><td>3.94% ( 3.94 % )</td><td>3.92% ( 3.92 % )</td></tr></table> changes in net interest income and margin result from the interaction of the volume and composition of interest-earning assets and related yields , interest-bearing liabilities and related rates paid , and noninterest-bearing sources of funding . see the statistical information ( unaudited ) 2013 average consolidated balance sheet and net interest analysis and analysis of year-to-year changes in net interest income in item 8 of this report and the discussion of purchase accounting accretion of purchased impaired loans in the consolidated balance sheet review in this item 7 for additional information . the increase in net interest income in 2012 compared with 2011 was primarily due to the impact of the rbc bank ( usa ) acquisition , organic loan growth and lower funding costs . purchase accounting accretion remained stable at $ 1.1 billion in both periods . the net interest margin was 3.94% ( 3.94 % ) for 2012 and 3.92% ( 3.92 % ) for 2011 . the increase in the comparison was primarily due to a decrease in the weighted-average rate accrued on total interest- bearing liabilities of 29 basis points , largely offset by a 21 basis point decrease on the yield on total interest-earning assets . the decrease in the rate on interest-bearing liabilities was primarily due to the runoff of maturing retail certificates of deposit and the redemption of additional trust preferred and hybrid capital securities during 2012 , in addition to an increase in fhlb borrowings and commercial paper as lower-cost funding sources . the decrease in the yield on interest-earning assets was primarily due to lower rates on new loan volume and lower yields on new securities in the current low rate environment . with respect to the first quarter of 2013 , we expect net interest income to decline by two to three percent compared to fourth quarter 2012 net interest income of $ 2.4 billion , due to a decrease in purchase accounting accretion of up to $ 50 to $ 60 million , including lower expected cash recoveries . for the full year 2013 , we expect net interest income to decrease compared with 2012 , assuming an expected decline in purchase accounting accretion of approximately $ 400 million , while core net interest income is expected to increase in the year-over-year comparison . we believe our net interest margin will come under pressure in 2013 , due to the expected decline in purchase accounting accretion and assuming that the current low rate environment continues . noninterest income noninterest income totaled $ 5.9 billion for 2012 and $ 5.6 billion for 2011 . the overall increase in the comparison was primarily due to an increase in residential mortgage loan sales revenue driven by higher loan origination volume , gains on sales of visa class b common shares and higher corporate service fees , largely offset by higher provision for residential mortgage repurchase obligations . asset management revenue , including blackrock , totaled $ 1.2 billion in 2012 compared with $ 1.1 billion in 2011 . this increase was primarily due to higher earnings from our blackrock investment . discretionary assets under management increased to $ 112 billion at december 31 , 2012 compared with $ 107 billion at december 31 , 2011 driven by stronger average equity markets , positive net flows and strong sales performance . for 2012 , consumer services fees were $ 1.1 billion compared with $ 1.2 billion in 2011 . the decline reflected the regulatory impact of lower interchange fees on debit card transactions partially offset by customer growth . as further discussed in the retail banking portion of the business segments review section of this item 7 , the dodd-frank limits on interchange rates were effective october 1 , 2011 and had a negative impact on revenue of approximately $ 314 million in 2012 and $ 75 million in 2011 . this impact was partially offset by higher volumes of merchant , customer credit card and debit card transactions and the impact of the rbc bank ( usa ) acquisition . corporate services revenue increased by $ .3 billion , or 30 percent , to $ 1.2 billion in 2012 compared with $ .9 billion in 2011 due to higher commercial mortgage servicing revenue and higher merger and acquisition advisory fees in 2012 . the major components of corporate services revenue are treasury management revenue , corporate finance fees , including revenue from capital markets-related products and services , and commercial mortgage servicing revenue , including commercial mortgage banking activities . see the product revenue portion of this consolidated income statement review for further detail . the pnc financial services group , inc . 2013 form 10-k 39 .
Question: what is the net change in net interest income from 2011 to 2012?
Answer: 940.0
Question: what is the net interest income in 2011?
| 8700.0 |
CONVFINQA3684 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
consolidated income statement review our consolidated income statement is presented in item 8 of this report . net income for 2012 was $ 3.0 billion compared with $ 3.1 billion for 2011 . revenue growth of 8 percent and a decline in the provision for credit losses were more than offset by a 16 percent increase in noninterest expense in 2012 compared to 2011 . further detail is included in the net interest income , noninterest income , provision for credit losses and noninterest expense portions of this consolidated income statement review . net interest income table 2 : net interest income and net interest margin year ended december 31 dollars in millions 2012 2011 . <table class='wikitable'><tr><td>1</td><td>year ended december 31dollars in millions</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>net interest income</td><td>$ 9640</td><td>$ 8700</td></tr><tr><td>3</td><td>net interest margin</td><td>3.94% ( 3.94 % )</td><td>3.92% ( 3.92 % )</td></tr></table> changes in net interest income and margin result from the interaction of the volume and composition of interest-earning assets and related yields , interest-bearing liabilities and related rates paid , and noninterest-bearing sources of funding . see the statistical information ( unaudited ) 2013 average consolidated balance sheet and net interest analysis and analysis of year-to-year changes in net interest income in item 8 of this report and the discussion of purchase accounting accretion of purchased impaired loans in the consolidated balance sheet review in this item 7 for additional information . the increase in net interest income in 2012 compared with 2011 was primarily due to the impact of the rbc bank ( usa ) acquisition , organic loan growth and lower funding costs . purchase accounting accretion remained stable at $ 1.1 billion in both periods . the net interest margin was 3.94% ( 3.94 % ) for 2012 and 3.92% ( 3.92 % ) for 2011 . the increase in the comparison was primarily due to a decrease in the weighted-average rate accrued on total interest- bearing liabilities of 29 basis points , largely offset by a 21 basis point decrease on the yield on total interest-earning assets . the decrease in the rate on interest-bearing liabilities was primarily due to the runoff of maturing retail certificates of deposit and the redemption of additional trust preferred and hybrid capital securities during 2012 , in addition to an increase in fhlb borrowings and commercial paper as lower-cost funding sources . the decrease in the yield on interest-earning assets was primarily due to lower rates on new loan volume and lower yields on new securities in the current low rate environment . with respect to the first quarter of 2013 , we expect net interest income to decline by two to three percent compared to fourth quarter 2012 net interest income of $ 2.4 billion , due to a decrease in purchase accounting accretion of up to $ 50 to $ 60 million , including lower expected cash recoveries . for the full year 2013 , we expect net interest income to decrease compared with 2012 , assuming an expected decline in purchase accounting accretion of approximately $ 400 million , while core net interest income is expected to increase in the year-over-year comparison . we believe our net interest margin will come under pressure in 2013 , due to the expected decline in purchase accounting accretion and assuming that the current low rate environment continues . noninterest income noninterest income totaled $ 5.9 billion for 2012 and $ 5.6 billion for 2011 . the overall increase in the comparison was primarily due to an increase in residential mortgage loan sales revenue driven by higher loan origination volume , gains on sales of visa class b common shares and higher corporate service fees , largely offset by higher provision for residential mortgage repurchase obligations . asset management revenue , including blackrock , totaled $ 1.2 billion in 2012 compared with $ 1.1 billion in 2011 . this increase was primarily due to higher earnings from our blackrock investment . discretionary assets under management increased to $ 112 billion at december 31 , 2012 compared with $ 107 billion at december 31 , 2011 driven by stronger average equity markets , positive net flows and strong sales performance . for 2012 , consumer services fees were $ 1.1 billion compared with $ 1.2 billion in 2011 . the decline reflected the regulatory impact of lower interchange fees on debit card transactions partially offset by customer growth . as further discussed in the retail banking portion of the business segments review section of this item 7 , the dodd-frank limits on interchange rates were effective october 1 , 2011 and had a negative impact on revenue of approximately $ 314 million in 2012 and $ 75 million in 2011 . this impact was partially offset by higher volumes of merchant , customer credit card and debit card transactions and the impact of the rbc bank ( usa ) acquisition . corporate services revenue increased by $ .3 billion , or 30 percent , to $ 1.2 billion in 2012 compared with $ .9 billion in 2011 due to higher commercial mortgage servicing revenue and higher merger and acquisition advisory fees in 2012 . the major components of corporate services revenue are treasury management revenue , corporate finance fees , including revenue from capital markets-related products and services , and commercial mortgage servicing revenue , including commercial mortgage banking activities . see the product revenue portion of this consolidated income statement review for further detail . the pnc financial services group , inc . 2013 form 10-k 39 .
Question: what is the net change in net interest income from 2011 to 2012?
Answer: 940.0
Question: what is the net interest income in 2011?
Answer: 8700.0
Question: what percentage change does this represent?
| 0.10805 |
CONVFINQA3685 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
consolidated income statement review our consolidated income statement is presented in item 8 of this report . net income for 2012 was $ 3.0 billion compared with $ 3.1 billion for 2011 . revenue growth of 8 percent and a decline in the provision for credit losses were more than offset by a 16 percent increase in noninterest expense in 2012 compared to 2011 . further detail is included in the net interest income , noninterest income , provision for credit losses and noninterest expense portions of this consolidated income statement review . net interest income table 2 : net interest income and net interest margin year ended december 31 dollars in millions 2012 2011 . <table class='wikitable'><tr><td>1</td><td>year ended december 31dollars in millions</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>net interest income</td><td>$ 9640</td><td>$ 8700</td></tr><tr><td>3</td><td>net interest margin</td><td>3.94% ( 3.94 % )</td><td>3.92% ( 3.92 % )</td></tr></table> changes in net interest income and margin result from the interaction of the volume and composition of interest-earning assets and related yields , interest-bearing liabilities and related rates paid , and noninterest-bearing sources of funding . see the statistical information ( unaudited ) 2013 average consolidated balance sheet and net interest analysis and analysis of year-to-year changes in net interest income in item 8 of this report and the discussion of purchase accounting accretion of purchased impaired loans in the consolidated balance sheet review in this item 7 for additional information . the increase in net interest income in 2012 compared with 2011 was primarily due to the impact of the rbc bank ( usa ) acquisition , organic loan growth and lower funding costs . purchase accounting accretion remained stable at $ 1.1 billion in both periods . the net interest margin was 3.94% ( 3.94 % ) for 2012 and 3.92% ( 3.92 % ) for 2011 . the increase in the comparison was primarily due to a decrease in the weighted-average rate accrued on total interest- bearing liabilities of 29 basis points , largely offset by a 21 basis point decrease on the yield on total interest-earning assets . the decrease in the rate on interest-bearing liabilities was primarily due to the runoff of maturing retail certificates of deposit and the redemption of additional trust preferred and hybrid capital securities during 2012 , in addition to an increase in fhlb borrowings and commercial paper as lower-cost funding sources . the decrease in the yield on interest-earning assets was primarily due to lower rates on new loan volume and lower yields on new securities in the current low rate environment . with respect to the first quarter of 2013 , we expect net interest income to decline by two to three percent compared to fourth quarter 2012 net interest income of $ 2.4 billion , due to a decrease in purchase accounting accretion of up to $ 50 to $ 60 million , including lower expected cash recoveries . for the full year 2013 , we expect net interest income to decrease compared with 2012 , assuming an expected decline in purchase accounting accretion of approximately $ 400 million , while core net interest income is expected to increase in the year-over-year comparison . we believe our net interest margin will come under pressure in 2013 , due to the expected decline in purchase accounting accretion and assuming that the current low rate environment continues . noninterest income noninterest income totaled $ 5.9 billion for 2012 and $ 5.6 billion for 2011 . the overall increase in the comparison was primarily due to an increase in residential mortgage loan sales revenue driven by higher loan origination volume , gains on sales of visa class b common shares and higher corporate service fees , largely offset by higher provision for residential mortgage repurchase obligations . asset management revenue , including blackrock , totaled $ 1.2 billion in 2012 compared with $ 1.1 billion in 2011 . this increase was primarily due to higher earnings from our blackrock investment . discretionary assets under management increased to $ 112 billion at december 31 , 2012 compared with $ 107 billion at december 31 , 2011 driven by stronger average equity markets , positive net flows and strong sales performance . for 2012 , consumer services fees were $ 1.1 billion compared with $ 1.2 billion in 2011 . the decline reflected the regulatory impact of lower interchange fees on debit card transactions partially offset by customer growth . as further discussed in the retail banking portion of the business segments review section of this item 7 , the dodd-frank limits on interchange rates were effective october 1 , 2011 and had a negative impact on revenue of approximately $ 314 million in 2012 and $ 75 million in 2011 . this impact was partially offset by higher volumes of merchant , customer credit card and debit card transactions and the impact of the rbc bank ( usa ) acquisition . corporate services revenue increased by $ .3 billion , or 30 percent , to $ 1.2 billion in 2012 compared with $ .9 billion in 2011 due to higher commercial mortgage servicing revenue and higher merger and acquisition advisory fees in 2012 . the major components of corporate services revenue are treasury management revenue , corporate finance fees , including revenue from capital markets-related products and services , and commercial mortgage servicing revenue , including commercial mortgage banking activities . see the product revenue portion of this consolidated income statement review for further detail . the pnc financial services group , inc . 2013 form 10-k 39 .
Question: what is the net change in net interest income from 2011 to 2012?
Answer: 940.0
Question: what is the net interest income in 2011?
Answer: 8700.0
Question: what percentage change does this represent?
Answer: 0.10805
Question: what is the negative impact on revenue from dodd-frank limits on interchange rates in 2012?
| 314.0 |
CONVFINQA3686 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
consolidated income statement review our consolidated income statement is presented in item 8 of this report . net income for 2012 was $ 3.0 billion compared with $ 3.1 billion for 2011 . revenue growth of 8 percent and a decline in the provision for credit losses were more than offset by a 16 percent increase in noninterest expense in 2012 compared to 2011 . further detail is included in the net interest income , noninterest income , provision for credit losses and noninterest expense portions of this consolidated income statement review . net interest income table 2 : net interest income and net interest margin year ended december 31 dollars in millions 2012 2011 . <table class='wikitable'><tr><td>1</td><td>year ended december 31dollars in millions</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>net interest income</td><td>$ 9640</td><td>$ 8700</td></tr><tr><td>3</td><td>net interest margin</td><td>3.94% ( 3.94 % )</td><td>3.92% ( 3.92 % )</td></tr></table> changes in net interest income and margin result from the interaction of the volume and composition of interest-earning assets and related yields , interest-bearing liabilities and related rates paid , and noninterest-bearing sources of funding . see the statistical information ( unaudited ) 2013 average consolidated balance sheet and net interest analysis and analysis of year-to-year changes in net interest income in item 8 of this report and the discussion of purchase accounting accretion of purchased impaired loans in the consolidated balance sheet review in this item 7 for additional information . the increase in net interest income in 2012 compared with 2011 was primarily due to the impact of the rbc bank ( usa ) acquisition , organic loan growth and lower funding costs . purchase accounting accretion remained stable at $ 1.1 billion in both periods . the net interest margin was 3.94% ( 3.94 % ) for 2012 and 3.92% ( 3.92 % ) for 2011 . the increase in the comparison was primarily due to a decrease in the weighted-average rate accrued on total interest- bearing liabilities of 29 basis points , largely offset by a 21 basis point decrease on the yield on total interest-earning assets . the decrease in the rate on interest-bearing liabilities was primarily due to the runoff of maturing retail certificates of deposit and the redemption of additional trust preferred and hybrid capital securities during 2012 , in addition to an increase in fhlb borrowings and commercial paper as lower-cost funding sources . the decrease in the yield on interest-earning assets was primarily due to lower rates on new loan volume and lower yields on new securities in the current low rate environment . with respect to the first quarter of 2013 , we expect net interest income to decline by two to three percent compared to fourth quarter 2012 net interest income of $ 2.4 billion , due to a decrease in purchase accounting accretion of up to $ 50 to $ 60 million , including lower expected cash recoveries . for the full year 2013 , we expect net interest income to decrease compared with 2012 , assuming an expected decline in purchase accounting accretion of approximately $ 400 million , while core net interest income is expected to increase in the year-over-year comparison . we believe our net interest margin will come under pressure in 2013 , due to the expected decline in purchase accounting accretion and assuming that the current low rate environment continues . noninterest income noninterest income totaled $ 5.9 billion for 2012 and $ 5.6 billion for 2011 . the overall increase in the comparison was primarily due to an increase in residential mortgage loan sales revenue driven by higher loan origination volume , gains on sales of visa class b common shares and higher corporate service fees , largely offset by higher provision for residential mortgage repurchase obligations . asset management revenue , including blackrock , totaled $ 1.2 billion in 2012 compared with $ 1.1 billion in 2011 . this increase was primarily due to higher earnings from our blackrock investment . discretionary assets under management increased to $ 112 billion at december 31 , 2012 compared with $ 107 billion at december 31 , 2011 driven by stronger average equity markets , positive net flows and strong sales performance . for 2012 , consumer services fees were $ 1.1 billion compared with $ 1.2 billion in 2011 . the decline reflected the regulatory impact of lower interchange fees on debit card transactions partially offset by customer growth . as further discussed in the retail banking portion of the business segments review section of this item 7 , the dodd-frank limits on interchange rates were effective october 1 , 2011 and had a negative impact on revenue of approximately $ 314 million in 2012 and $ 75 million in 2011 . this impact was partially offset by higher volumes of merchant , customer credit card and debit card transactions and the impact of the rbc bank ( usa ) acquisition . corporate services revenue increased by $ .3 billion , or 30 percent , to $ 1.2 billion in 2012 compared with $ .9 billion in 2011 due to higher commercial mortgage servicing revenue and higher merger and acquisition advisory fees in 2012 . the major components of corporate services revenue are treasury management revenue , corporate finance fees , including revenue from capital markets-related products and services , and commercial mortgage servicing revenue , including commercial mortgage banking activities . see the product revenue portion of this consolidated income statement review for further detail . the pnc financial services group , inc . 2013 form 10-k 39 .
Question: what is the net change in net interest income from 2011 to 2012?
Answer: 940.0
Question: what is the net interest income in 2011?
Answer: 8700.0
Question: what percentage change does this represent?
Answer: 0.10805
Question: what is the negative impact on revenue from dodd-frank limits on interchange rates in 2012?
Answer: 314.0
Question: what about in 2011?
| 75.0 |
CONVFINQA3687 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
consolidated income statement review our consolidated income statement is presented in item 8 of this report . net income for 2012 was $ 3.0 billion compared with $ 3.1 billion for 2011 . revenue growth of 8 percent and a decline in the provision for credit losses were more than offset by a 16 percent increase in noninterest expense in 2012 compared to 2011 . further detail is included in the net interest income , noninterest income , provision for credit losses and noninterest expense portions of this consolidated income statement review . net interest income table 2 : net interest income and net interest margin year ended december 31 dollars in millions 2012 2011 . <table class='wikitable'><tr><td>1</td><td>year ended december 31dollars in millions</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>net interest income</td><td>$ 9640</td><td>$ 8700</td></tr><tr><td>3</td><td>net interest margin</td><td>3.94% ( 3.94 % )</td><td>3.92% ( 3.92 % )</td></tr></table> changes in net interest income and margin result from the interaction of the volume and composition of interest-earning assets and related yields , interest-bearing liabilities and related rates paid , and noninterest-bearing sources of funding . see the statistical information ( unaudited ) 2013 average consolidated balance sheet and net interest analysis and analysis of year-to-year changes in net interest income in item 8 of this report and the discussion of purchase accounting accretion of purchased impaired loans in the consolidated balance sheet review in this item 7 for additional information . the increase in net interest income in 2012 compared with 2011 was primarily due to the impact of the rbc bank ( usa ) acquisition , organic loan growth and lower funding costs . purchase accounting accretion remained stable at $ 1.1 billion in both periods . the net interest margin was 3.94% ( 3.94 % ) for 2012 and 3.92% ( 3.92 % ) for 2011 . the increase in the comparison was primarily due to a decrease in the weighted-average rate accrued on total interest- bearing liabilities of 29 basis points , largely offset by a 21 basis point decrease on the yield on total interest-earning assets . the decrease in the rate on interest-bearing liabilities was primarily due to the runoff of maturing retail certificates of deposit and the redemption of additional trust preferred and hybrid capital securities during 2012 , in addition to an increase in fhlb borrowings and commercial paper as lower-cost funding sources . the decrease in the yield on interest-earning assets was primarily due to lower rates on new loan volume and lower yields on new securities in the current low rate environment . with respect to the first quarter of 2013 , we expect net interest income to decline by two to three percent compared to fourth quarter 2012 net interest income of $ 2.4 billion , due to a decrease in purchase accounting accretion of up to $ 50 to $ 60 million , including lower expected cash recoveries . for the full year 2013 , we expect net interest income to decrease compared with 2012 , assuming an expected decline in purchase accounting accretion of approximately $ 400 million , while core net interest income is expected to increase in the year-over-year comparison . we believe our net interest margin will come under pressure in 2013 , due to the expected decline in purchase accounting accretion and assuming that the current low rate environment continues . noninterest income noninterest income totaled $ 5.9 billion for 2012 and $ 5.6 billion for 2011 . the overall increase in the comparison was primarily due to an increase in residential mortgage loan sales revenue driven by higher loan origination volume , gains on sales of visa class b common shares and higher corporate service fees , largely offset by higher provision for residential mortgage repurchase obligations . asset management revenue , including blackrock , totaled $ 1.2 billion in 2012 compared with $ 1.1 billion in 2011 . this increase was primarily due to higher earnings from our blackrock investment . discretionary assets under management increased to $ 112 billion at december 31 , 2012 compared with $ 107 billion at december 31 , 2011 driven by stronger average equity markets , positive net flows and strong sales performance . for 2012 , consumer services fees were $ 1.1 billion compared with $ 1.2 billion in 2011 . the decline reflected the regulatory impact of lower interchange fees on debit card transactions partially offset by customer growth . as further discussed in the retail banking portion of the business segments review section of this item 7 , the dodd-frank limits on interchange rates were effective october 1 , 2011 and had a negative impact on revenue of approximately $ 314 million in 2012 and $ 75 million in 2011 . this impact was partially offset by higher volumes of merchant , customer credit card and debit card transactions and the impact of the rbc bank ( usa ) acquisition . corporate services revenue increased by $ .3 billion , or 30 percent , to $ 1.2 billion in 2012 compared with $ .9 billion in 2011 due to higher commercial mortgage servicing revenue and higher merger and acquisition advisory fees in 2012 . the major components of corporate services revenue are treasury management revenue , corporate finance fees , including revenue from capital markets-related products and services , and commercial mortgage servicing revenue , including commercial mortgage banking activities . see the product revenue portion of this consolidated income statement review for further detail . the pnc financial services group , inc . 2013 form 10-k 39 .
Question: what is the net change in net interest income from 2011 to 2012?
Answer: 940.0
Question: what is the net interest income in 2011?
Answer: 8700.0
Question: what percentage change does this represent?
Answer: 0.10805
Question: what is the negative impact on revenue from dodd-frank limits on interchange rates in 2012?
Answer: 314.0
Question: what about in 2011?
Answer: 75.0
Question: what is the total for these years?
| 389.0 |
CONVFINQA3688 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the following table sets forth the components of foreign currency translation adjustments for fiscal 2011 , 2010 and 2009 ( in thousands ) : beginning balance foreign currency translation adjustments income tax effect relating to translation adjustments for undistributed foreign earnings ending balance $ 7632 ( 2208 ) $ 10580 $ 10640 ( 4144 ) $ 7632 $ ( 431 ) 17343 ( 6272 ) $ 10640 stock repurchase program to facilitate our stock repurchase program , designed to return value to our stockholders and minimize dilution from stock issuances , we repurchase shares in the open market and also enter into structured repurchase agreements with third-parties . authorization to repurchase shares to cover on-going dilution was not subject to expiration . however , this repurchase program was limited to covering net dilution from stock issuances and was subject to business conditions and cash flow requirements as determined by our board of directors from time to time . during the third quarter of fiscal 2010 , our board of directors approved an amendment to our stock repurchase program authorized in april 2007 from a non-expiring share-based authority to a time-constrained dollar-based authority . as part of this amendment , the board of directors granted authority to repurchase up to $ 1.6 billion in common stock through the end of fiscal 2012 . this amended program did not affect the $ 250.0 million structured stock repurchase agreement entered into during march 2010 . as of december 3 , 2010 , no prepayments remain under that agreement . during fiscal 2011 , 2010 and 2009 , we entered into several structured repurchase agreements with large financial institutions , whereupon we provided the financial institutions with prepayments totaling $ 695.0 million , $ 850.0 million and $ 350.0 million , respectively . of the $ 850.0 million of prepayments during fiscal 2010 , $ 250.0 million was under the stock repurchase program prior to the program amendment and the remaining $ 600.0 million was under the amended $ 1.6 billion time-constrained dollar- based authority . we enter into these agreements in order to take advantage of repurchasing shares at a guaranteed discount to the volume weighted average price ( 201cvwap 201d ) of our common stock over a specified period of time . we only enter into such transactions when the discount that we receive is higher than the foregone return on our cash prepayments to the financial institutions . there were no explicit commissions or fees on these structured repurchases . under the terms of the agreements , there is no requirement for the financial institutions to return any portion of the prepayment to us . the financial institutions agree to deliver shares to us at monthly intervals during the contract term . the parameters used to calculate the number of shares deliverable are : the total notional amount of the contract , the number of trading days in the contract , the number of trading days in the interval and the average vwap of our stock during the interval less the agreed upon discount . during fiscal 2011 , we repurchased approximately 21.8 million shares at an average price of $ 31.81 through structured repurchase agreements entered into during fiscal 2011 . during fiscal 2010 , we repurchased approximately 31.2 million shares at an average price of $ 29.19 through structured repurchase agreements entered into during fiscal 2009 and fiscal 2010 . during fiscal 2009 , we repurchased approximately 15.2 million shares at an average price per share of $ 27.89 through structured repurchase agreements entered into during fiscal 2008 and fiscal 2009 . for fiscal 2011 , 2010 and 2009 , the prepayments were classified as treasury stock on our consolidated balance sheets at the payment date , though only shares physically delivered to us by december 2 , 2011 , december 3 , 2010 and november 27 , 2009 were excluded from the computation of earnings per share . as of december 2 , 2011 and december 3 , 2010 , no prepayments remained under these agreements . as of november 27 , 2009 , approximately $ 59.9 million of prepayments remained under these agreements . subsequent to december 2 , 2011 , as part of our $ 1.6 billion stock repurchase program , we entered into a structured stock repurchase agreement with a large financial institution whereupon we provided them with a prepayment of $ 80.0 million . this amount will be classified as treasury stock on our consolidated balance sheets . upon completion of the $ 80.0 million stock table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) jarcamo typewritten text . <table class='wikitable'><tr><td>1</td><td>-</td><td>2011</td><td>2010</td><td>2009</td></tr><tr><td>2</td><td>beginning balance</td><td>$ 7632</td><td>$ 10640</td><td>$ -431 ( 431 )</td></tr><tr><td>3</td><td>foreign currency translation adjustments</td><td>5156</td><td>-4144 ( 4144 )</td><td>17343</td></tr><tr><td>4</td><td>income tax effect relating to translation adjustments forundistributed foreign earnings</td><td>-2208 ( 2208 )</td><td>1136</td><td>-6272 ( 6272 )</td></tr><tr><td>5</td><td>ending balance</td><td>$ 10580</td><td>$ 7632</td><td>$ 10640</td></tr></table> the following table sets forth the components of foreign currency translation adjustments for fiscal 2011 , 2010 and 2009 ( in thousands ) : beginning balance foreign currency translation adjustments income tax effect relating to translation adjustments for undistributed foreign earnings ending balance $ 7632 ( 2208 ) $ 10580 $ 10640 ( 4144 ) $ 7632 $ ( 431 ) 17343 ( 6272 ) $ 10640 stock repurchase program to facilitate our stock repurchase program , designed to return value to our stockholders and minimize dilution from stock issuances , we repurchase shares in the open market and also enter into structured repurchase agreements with third-parties . authorization to repurchase shares to cover on-going dilution was not subject to expiration . however , this repurchase program was limited to covering net dilution from stock issuances and was subject to business conditions and cash flow requirements as determined by our board of directors from time to time . during the third quarter of fiscal 2010 , our board of directors approved an amendment to our stock repurchase program authorized in april 2007 from a non-expiring share-based authority to a time-constrained dollar-based authority . as part of this amendment , the board of directors granted authority to repurchase up to $ 1.6 billion in common stock through the end of fiscal 2012 . this amended program did not affect the $ 250.0 million structured stock repurchase agreement entered into during march 2010 . as of december 3 , 2010 , no prepayments remain under that agreement . during fiscal 2011 , 2010 and 2009 , we entered into several structured repurchase agreements with large financial institutions , whereupon we provided the financial institutions with prepayments totaling $ 695.0 million , $ 850.0 million and $ 350.0 million , respectively . of the $ 850.0 million of prepayments during fiscal 2010 , $ 250.0 million was under the stock repurchase program prior to the program amendment and the remaining $ 600.0 million was under the amended $ 1.6 billion time-constrained dollar- based authority . we enter into these agreements in order to take advantage of repurchasing shares at a guaranteed discount to the volume weighted average price ( 201cvwap 201d ) of our common stock over a specified period of time . we only enter into such transactions when the discount that we receive is higher than the foregone return on our cash prepayments to the financial institutions . there were no explicit commissions or fees on these structured repurchases . under the terms of the agreements , there is no requirement for the financial institutions to return any portion of the prepayment to us . the financial institutions agree to deliver shares to us at monthly intervals during the contract term . the parameters used to calculate the number of shares deliverable are : the total notional amount of the contract , the number of trading days in the contract , the number of trading days in the interval and the average vwap of our stock during the interval less the agreed upon discount . during fiscal 2011 , we repurchased approximately 21.8 million shares at an average price of $ 31.81 through structured repurchase agreements entered into during fiscal 2011 . during fiscal 2010 , we repurchased approximately 31.2 million shares at an average price of $ 29.19 through structured repurchase agreements entered into during fiscal 2009 and fiscal 2010 . during fiscal 2009 , we repurchased approximately 15.2 million shares at an average price per share of $ 27.89 through structured repurchase agreements entered into during fiscal 2008 and fiscal 2009 . for fiscal 2011 , 2010 and 2009 , the prepayments were classified as treasury stock on our consolidated balance sheets at the payment date , though only shares physically delivered to us by december 2 , 2011 , december 3 , 2010 and november 27 , 2009 were excluded from the computation of earnings per share . as of december 2 , 2011 and december 3 , 2010 , no prepayments remained under these agreements . as of november 27 , 2009 , approximately $ 59.9 million of prepayments remained under these agreements . subsequent to december 2 , 2011 , as part of our $ 1.6 billion stock repurchase program , we entered into a structured stock repurchase agreement with a large financial institution whereupon we provided them with a prepayment of $ 80.0 million . this amount will be classified as treasury stock on our consolidated balance sheets . upon completion of the $ 80.0 million stock table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) jarcamo typewritten text .
Question: what was the net change in the average price of repurchased shares from 2010 to 2011?
| 2.62 |
CONVFINQA3689 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the following table sets forth the components of foreign currency translation adjustments for fiscal 2011 , 2010 and 2009 ( in thousands ) : beginning balance foreign currency translation adjustments income tax effect relating to translation adjustments for undistributed foreign earnings ending balance $ 7632 ( 2208 ) $ 10580 $ 10640 ( 4144 ) $ 7632 $ ( 431 ) 17343 ( 6272 ) $ 10640 stock repurchase program to facilitate our stock repurchase program , designed to return value to our stockholders and minimize dilution from stock issuances , we repurchase shares in the open market and also enter into structured repurchase agreements with third-parties . authorization to repurchase shares to cover on-going dilution was not subject to expiration . however , this repurchase program was limited to covering net dilution from stock issuances and was subject to business conditions and cash flow requirements as determined by our board of directors from time to time . during the third quarter of fiscal 2010 , our board of directors approved an amendment to our stock repurchase program authorized in april 2007 from a non-expiring share-based authority to a time-constrained dollar-based authority . as part of this amendment , the board of directors granted authority to repurchase up to $ 1.6 billion in common stock through the end of fiscal 2012 . this amended program did not affect the $ 250.0 million structured stock repurchase agreement entered into during march 2010 . as of december 3 , 2010 , no prepayments remain under that agreement . during fiscal 2011 , 2010 and 2009 , we entered into several structured repurchase agreements with large financial institutions , whereupon we provided the financial institutions with prepayments totaling $ 695.0 million , $ 850.0 million and $ 350.0 million , respectively . of the $ 850.0 million of prepayments during fiscal 2010 , $ 250.0 million was under the stock repurchase program prior to the program amendment and the remaining $ 600.0 million was under the amended $ 1.6 billion time-constrained dollar- based authority . we enter into these agreements in order to take advantage of repurchasing shares at a guaranteed discount to the volume weighted average price ( 201cvwap 201d ) of our common stock over a specified period of time . we only enter into such transactions when the discount that we receive is higher than the foregone return on our cash prepayments to the financial institutions . there were no explicit commissions or fees on these structured repurchases . under the terms of the agreements , there is no requirement for the financial institutions to return any portion of the prepayment to us . the financial institutions agree to deliver shares to us at monthly intervals during the contract term . the parameters used to calculate the number of shares deliverable are : the total notional amount of the contract , the number of trading days in the contract , the number of trading days in the interval and the average vwap of our stock during the interval less the agreed upon discount . during fiscal 2011 , we repurchased approximately 21.8 million shares at an average price of $ 31.81 through structured repurchase agreements entered into during fiscal 2011 . during fiscal 2010 , we repurchased approximately 31.2 million shares at an average price of $ 29.19 through structured repurchase agreements entered into during fiscal 2009 and fiscal 2010 . during fiscal 2009 , we repurchased approximately 15.2 million shares at an average price per share of $ 27.89 through structured repurchase agreements entered into during fiscal 2008 and fiscal 2009 . for fiscal 2011 , 2010 and 2009 , the prepayments were classified as treasury stock on our consolidated balance sheets at the payment date , though only shares physically delivered to us by december 2 , 2011 , december 3 , 2010 and november 27 , 2009 were excluded from the computation of earnings per share . as of december 2 , 2011 and december 3 , 2010 , no prepayments remained under these agreements . as of november 27 , 2009 , approximately $ 59.9 million of prepayments remained under these agreements . subsequent to december 2 , 2011 , as part of our $ 1.6 billion stock repurchase program , we entered into a structured stock repurchase agreement with a large financial institution whereupon we provided them with a prepayment of $ 80.0 million . this amount will be classified as treasury stock on our consolidated balance sheets . upon completion of the $ 80.0 million stock table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) jarcamo typewritten text . <table class='wikitable'><tr><td>1</td><td>-</td><td>2011</td><td>2010</td><td>2009</td></tr><tr><td>2</td><td>beginning balance</td><td>$ 7632</td><td>$ 10640</td><td>$ -431 ( 431 )</td></tr><tr><td>3</td><td>foreign currency translation adjustments</td><td>5156</td><td>-4144 ( 4144 )</td><td>17343</td></tr><tr><td>4</td><td>income tax effect relating to translation adjustments forundistributed foreign earnings</td><td>-2208 ( 2208 )</td><td>1136</td><td>-6272 ( 6272 )</td></tr><tr><td>5</td><td>ending balance</td><td>$ 10580</td><td>$ 7632</td><td>$ 10640</td></tr></table> the following table sets forth the components of foreign currency translation adjustments for fiscal 2011 , 2010 and 2009 ( in thousands ) : beginning balance foreign currency translation adjustments income tax effect relating to translation adjustments for undistributed foreign earnings ending balance $ 7632 ( 2208 ) $ 10580 $ 10640 ( 4144 ) $ 7632 $ ( 431 ) 17343 ( 6272 ) $ 10640 stock repurchase program to facilitate our stock repurchase program , designed to return value to our stockholders and minimize dilution from stock issuances , we repurchase shares in the open market and also enter into structured repurchase agreements with third-parties . authorization to repurchase shares to cover on-going dilution was not subject to expiration . however , this repurchase program was limited to covering net dilution from stock issuances and was subject to business conditions and cash flow requirements as determined by our board of directors from time to time . during the third quarter of fiscal 2010 , our board of directors approved an amendment to our stock repurchase program authorized in april 2007 from a non-expiring share-based authority to a time-constrained dollar-based authority . as part of this amendment , the board of directors granted authority to repurchase up to $ 1.6 billion in common stock through the end of fiscal 2012 . this amended program did not affect the $ 250.0 million structured stock repurchase agreement entered into during march 2010 . as of december 3 , 2010 , no prepayments remain under that agreement . during fiscal 2011 , 2010 and 2009 , we entered into several structured repurchase agreements with large financial institutions , whereupon we provided the financial institutions with prepayments totaling $ 695.0 million , $ 850.0 million and $ 350.0 million , respectively . of the $ 850.0 million of prepayments during fiscal 2010 , $ 250.0 million was under the stock repurchase program prior to the program amendment and the remaining $ 600.0 million was under the amended $ 1.6 billion time-constrained dollar- based authority . we enter into these agreements in order to take advantage of repurchasing shares at a guaranteed discount to the volume weighted average price ( 201cvwap 201d ) of our common stock over a specified period of time . we only enter into such transactions when the discount that we receive is higher than the foregone return on our cash prepayments to the financial institutions . there were no explicit commissions or fees on these structured repurchases . under the terms of the agreements , there is no requirement for the financial institutions to return any portion of the prepayment to us . the financial institutions agree to deliver shares to us at monthly intervals during the contract term . the parameters used to calculate the number of shares deliverable are : the total notional amount of the contract , the number of trading days in the contract , the number of trading days in the interval and the average vwap of our stock during the interval less the agreed upon discount . during fiscal 2011 , we repurchased approximately 21.8 million shares at an average price of $ 31.81 through structured repurchase agreements entered into during fiscal 2011 . during fiscal 2010 , we repurchased approximately 31.2 million shares at an average price of $ 29.19 through structured repurchase agreements entered into during fiscal 2009 and fiscal 2010 . during fiscal 2009 , we repurchased approximately 15.2 million shares at an average price per share of $ 27.89 through structured repurchase agreements entered into during fiscal 2008 and fiscal 2009 . for fiscal 2011 , 2010 and 2009 , the prepayments were classified as treasury stock on our consolidated balance sheets at the payment date , though only shares physically delivered to us by december 2 , 2011 , december 3 , 2010 and november 27 , 2009 were excluded from the computation of earnings per share . as of december 2 , 2011 and december 3 , 2010 , no prepayments remained under these agreements . as of november 27 , 2009 , approximately $ 59.9 million of prepayments remained under these agreements . subsequent to december 2 , 2011 , as part of our $ 1.6 billion stock repurchase program , we entered into a structured stock repurchase agreement with a large financial institution whereupon we provided them with a prepayment of $ 80.0 million . this amount will be classified as treasury stock on our consolidated balance sheets . upon completion of the $ 80.0 million stock table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) jarcamo typewritten text .
Question: what was the net change in the average price of repurchased shares from 2010 to 2011?
Answer: 2.62
Question: what is that divided by the average price in 2010?
| 0.08976 |
CONVFINQA3690 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
operating profit for the segment decreased by 1% ( 1 % ) in 2010 compared to 2009 . for the year , operating profit declines in defense more than offset an increase in civil , while operating profit at intelligence essentially was unchanged . the $ 27 million decrease in operating profit at defense primarily was attributable to a decrease in the level of favorable performance adjustments on mission and combat systems activities in 2010 . the $ 19 million increase in civil principally was due to higher volume on enterprise civilian services . operating profit for the segment decreased by 3% ( 3 % ) in 2009 compared to 2008 . operating profit declines in civil and intelligence partially were offset by growth in defense . the decrease of $ 29 million in civil 2019s operating profit primarily was attributable to a reduction in the level of favorable performance adjustments on enterprise civilian services programs in 2009 compared to 2008 . the decrease in operating profit of $ 27 million at intelligence mainly was due to a reduction in the level of favorable performance adjustments on security solution activities in 2009 compared to 2008 . the increase in defense 2019s operating profit of $ 29 million mainly was due to volume and improved performance in mission and combat systems . the decrease in backlog during 2010 compared to 2009 mainly was due to higher sales volume on enterprise civilian service programs at civil , including volume associated with the dris 2010 program , and mission and combat system programs at defense . backlog decreased in 2009 compared to 2008 due to u.s . government 2019s exercise of the termination for convenience clause on the tsat mission operations system ( tmos ) contract at defense , which resulted in a $ 1.6 billion reduction in orders . this decline more than offset increased orders on enterprise civilian services programs at civil . we expect is&gs will experience a low single digit percentage decrease in sales for 2011 as compared to 2010 . this decline primarily is due to completion of most of the work associated with the dris 2010 program . operating profit in 2011 is expected to decline in relationship to the decline in sales volume , while operating margins are expected to be comparable between the years . space systems our space systems business segment is engaged in the design , research and development , engineering , and production of satellites , strategic and defensive missile systems , and space transportation systems , including activities related to the planned replacement of the space shuttle . government satellite programs include the advanced extremely high frequency ( aehf ) system , the mobile user objective system ( muos ) , the global positioning satellite iii ( gps iii ) system , the space-based infrared system ( sbirs ) , and the geostationary operational environmental satellite r-series ( goes-r ) . strategic and missile defense programs include the targets and countermeasures program and the fleet ballistic missile program . space transportation includes the nasa orion program and , through ownership interests in two joint ventures , expendable launch services ( united launch alliance , or ula ) and space shuttle processing activities for the u.s . government ( united space alliance , or usa ) . the space shuttle is expected to complete its final flight mission in 2011 and our involvement with its launch and processing activities will end at that time . space systems 2019 operating results included the following : ( in millions ) 2010 2009 2008 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>net sales</td><td>$ 8246</td><td>$ 8654</td><td>$ 8027</td></tr><tr><td>3</td><td>operating profit</td><td>972</td><td>972</td><td>953</td></tr><tr><td>4</td><td>operating margin</td><td>11.8% ( 11.8 % )</td><td>11.2% ( 11.2 % )</td><td>11.9% ( 11.9 % )</td></tr><tr><td>5</td><td>backlog at year-end</td><td>17800</td><td>16800</td><td>17900</td></tr></table> net sales for space systems decreased by 5% ( 5 % ) in 2010 compared to 2009 . sales declined in all three lines of business during the year . the $ 253 million decrease in space transportation principally was due to lower volume on the space shuttle external tank , commercial launch vehicle activity and other human space flight programs , which partially were offset by higher volume on the orion program . there were no commercial launches in 2010 compared to one commercial launch in 2009 . strategic & defensive missile systems ( s&dms ) sales declined $ 147 million principally due to lower volume on defensive missile programs . the $ 8 million sales decline in satellites primarily was attributable to lower volume on commercial satellites , which partially were offset by higher volume on government satellite activities . there was one commercial satellite delivery in 2010 and one commercial satellite delivery in 2009 . net sales for space systems increased 8% ( 8 % ) in 2009 compared to 2008 . during the year , sales growth at satellites and space transportation offset a decline in s&dms . the sales growth of $ 707 million in satellites was due to higher volume in government satellite activities , which partially was offset by lower volume in commercial satellite activities . there was one commercial satellite delivery in 2009 and two deliveries in 2008 . the increase in sales of $ 21 million in space transportation primarily was due to higher volume on the orion program , which more than offset a decline in the space shuttle 2019s external tank program . there was one commercial launch in both 2009 and 2008 . s&dms 2019 sales decreased by $ 102 million mainly due to lower volume on defensive missile programs , which more than offset growth in strategic missile programs. .
Question: what is the operating expense in 2009?
| 7274.0 |
CONVFINQA3691 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
operating profit for the segment decreased by 1% ( 1 % ) in 2010 compared to 2009 . for the year , operating profit declines in defense more than offset an increase in civil , while operating profit at intelligence essentially was unchanged . the $ 27 million decrease in operating profit at defense primarily was attributable to a decrease in the level of favorable performance adjustments on mission and combat systems activities in 2010 . the $ 19 million increase in civil principally was due to higher volume on enterprise civilian services . operating profit for the segment decreased by 3% ( 3 % ) in 2009 compared to 2008 . operating profit declines in civil and intelligence partially were offset by growth in defense . the decrease of $ 29 million in civil 2019s operating profit primarily was attributable to a reduction in the level of favorable performance adjustments on enterprise civilian services programs in 2009 compared to 2008 . the decrease in operating profit of $ 27 million at intelligence mainly was due to a reduction in the level of favorable performance adjustments on security solution activities in 2009 compared to 2008 . the increase in defense 2019s operating profit of $ 29 million mainly was due to volume and improved performance in mission and combat systems . the decrease in backlog during 2010 compared to 2009 mainly was due to higher sales volume on enterprise civilian service programs at civil , including volume associated with the dris 2010 program , and mission and combat system programs at defense . backlog decreased in 2009 compared to 2008 due to u.s . government 2019s exercise of the termination for convenience clause on the tsat mission operations system ( tmos ) contract at defense , which resulted in a $ 1.6 billion reduction in orders . this decline more than offset increased orders on enterprise civilian services programs at civil . we expect is&gs will experience a low single digit percentage decrease in sales for 2011 as compared to 2010 . this decline primarily is due to completion of most of the work associated with the dris 2010 program . operating profit in 2011 is expected to decline in relationship to the decline in sales volume , while operating margins are expected to be comparable between the years . space systems our space systems business segment is engaged in the design , research and development , engineering , and production of satellites , strategic and defensive missile systems , and space transportation systems , including activities related to the planned replacement of the space shuttle . government satellite programs include the advanced extremely high frequency ( aehf ) system , the mobile user objective system ( muos ) , the global positioning satellite iii ( gps iii ) system , the space-based infrared system ( sbirs ) , and the geostationary operational environmental satellite r-series ( goes-r ) . strategic and missile defense programs include the targets and countermeasures program and the fleet ballistic missile program . space transportation includes the nasa orion program and , through ownership interests in two joint ventures , expendable launch services ( united launch alliance , or ula ) and space shuttle processing activities for the u.s . government ( united space alliance , or usa ) . the space shuttle is expected to complete its final flight mission in 2011 and our involvement with its launch and processing activities will end at that time . space systems 2019 operating results included the following : ( in millions ) 2010 2009 2008 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>net sales</td><td>$ 8246</td><td>$ 8654</td><td>$ 8027</td></tr><tr><td>3</td><td>operating profit</td><td>972</td><td>972</td><td>953</td></tr><tr><td>4</td><td>operating margin</td><td>11.8% ( 11.8 % )</td><td>11.2% ( 11.2 % )</td><td>11.9% ( 11.9 % )</td></tr><tr><td>5</td><td>backlog at year-end</td><td>17800</td><td>16800</td><td>17900</td></tr></table> net sales for space systems decreased by 5% ( 5 % ) in 2010 compared to 2009 . sales declined in all three lines of business during the year . the $ 253 million decrease in space transportation principally was due to lower volume on the space shuttle external tank , commercial launch vehicle activity and other human space flight programs , which partially were offset by higher volume on the orion program . there were no commercial launches in 2010 compared to one commercial launch in 2009 . strategic & defensive missile systems ( s&dms ) sales declined $ 147 million principally due to lower volume on defensive missile programs . the $ 8 million sales decline in satellites primarily was attributable to lower volume on commercial satellites , which partially were offset by higher volume on government satellite activities . there was one commercial satellite delivery in 2010 and one commercial satellite delivery in 2009 . net sales for space systems increased 8% ( 8 % ) in 2009 compared to 2008 . during the year , sales growth at satellites and space transportation offset a decline in s&dms . the sales growth of $ 707 million in satellites was due to higher volume in government satellite activities , which partially was offset by lower volume in commercial satellite activities . there was one commercial satellite delivery in 2009 and two deliveries in 2008 . the increase in sales of $ 21 million in space transportation primarily was due to higher volume on the orion program , which more than offset a decline in the space shuttle 2019s external tank program . there was one commercial launch in both 2009 and 2008 . s&dms 2019 sales decreased by $ 102 million mainly due to lower volume on defensive missile programs , which more than offset growth in strategic missile programs. .
Question: what is the operating expense in 2009?
Answer: 7274.0
Question: what about the net sales in 2010
| 8654.0 |
CONVFINQA3692 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
operating profit for the segment decreased by 1% ( 1 % ) in 2010 compared to 2009 . for the year , operating profit declines in defense more than offset an increase in civil , while operating profit at intelligence essentially was unchanged . the $ 27 million decrease in operating profit at defense primarily was attributable to a decrease in the level of favorable performance adjustments on mission and combat systems activities in 2010 . the $ 19 million increase in civil principally was due to higher volume on enterprise civilian services . operating profit for the segment decreased by 3% ( 3 % ) in 2009 compared to 2008 . operating profit declines in civil and intelligence partially were offset by growth in defense . the decrease of $ 29 million in civil 2019s operating profit primarily was attributable to a reduction in the level of favorable performance adjustments on enterprise civilian services programs in 2009 compared to 2008 . the decrease in operating profit of $ 27 million at intelligence mainly was due to a reduction in the level of favorable performance adjustments on security solution activities in 2009 compared to 2008 . the increase in defense 2019s operating profit of $ 29 million mainly was due to volume and improved performance in mission and combat systems . the decrease in backlog during 2010 compared to 2009 mainly was due to higher sales volume on enterprise civilian service programs at civil , including volume associated with the dris 2010 program , and mission and combat system programs at defense . backlog decreased in 2009 compared to 2008 due to u.s . government 2019s exercise of the termination for convenience clause on the tsat mission operations system ( tmos ) contract at defense , which resulted in a $ 1.6 billion reduction in orders . this decline more than offset increased orders on enterprise civilian services programs at civil . we expect is&gs will experience a low single digit percentage decrease in sales for 2011 as compared to 2010 . this decline primarily is due to completion of most of the work associated with the dris 2010 program . operating profit in 2011 is expected to decline in relationship to the decline in sales volume , while operating margins are expected to be comparable between the years . space systems our space systems business segment is engaged in the design , research and development , engineering , and production of satellites , strategic and defensive missile systems , and space transportation systems , including activities related to the planned replacement of the space shuttle . government satellite programs include the advanced extremely high frequency ( aehf ) system , the mobile user objective system ( muos ) , the global positioning satellite iii ( gps iii ) system , the space-based infrared system ( sbirs ) , and the geostationary operational environmental satellite r-series ( goes-r ) . strategic and missile defense programs include the targets and countermeasures program and the fleet ballistic missile program . space transportation includes the nasa orion program and , through ownership interests in two joint ventures , expendable launch services ( united launch alliance , or ula ) and space shuttle processing activities for the u.s . government ( united space alliance , or usa ) . the space shuttle is expected to complete its final flight mission in 2011 and our involvement with its launch and processing activities will end at that time . space systems 2019 operating results included the following : ( in millions ) 2010 2009 2008 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>net sales</td><td>$ 8246</td><td>$ 8654</td><td>$ 8027</td></tr><tr><td>3</td><td>operating profit</td><td>972</td><td>972</td><td>953</td></tr><tr><td>4</td><td>operating margin</td><td>11.8% ( 11.8 % )</td><td>11.2% ( 11.2 % )</td><td>11.9% ( 11.9 % )</td></tr><tr><td>5</td><td>backlog at year-end</td><td>17800</td><td>16800</td><td>17900</td></tr></table> net sales for space systems decreased by 5% ( 5 % ) in 2010 compared to 2009 . sales declined in all three lines of business during the year . the $ 253 million decrease in space transportation principally was due to lower volume on the space shuttle external tank , commercial launch vehicle activity and other human space flight programs , which partially were offset by higher volume on the orion program . there were no commercial launches in 2010 compared to one commercial launch in 2009 . strategic & defensive missile systems ( s&dms ) sales declined $ 147 million principally due to lower volume on defensive missile programs . the $ 8 million sales decline in satellites primarily was attributable to lower volume on commercial satellites , which partially were offset by higher volume on government satellite activities . there was one commercial satellite delivery in 2010 and one commercial satellite delivery in 2009 . net sales for space systems increased 8% ( 8 % ) in 2009 compared to 2008 . during the year , sales growth at satellites and space transportation offset a decline in s&dms . the sales growth of $ 707 million in satellites was due to higher volume in government satellite activities , which partially was offset by lower volume in commercial satellite activities . there was one commercial satellite delivery in 2009 and two deliveries in 2008 . the increase in sales of $ 21 million in space transportation primarily was due to higher volume on the orion program , which more than offset a decline in the space shuttle 2019s external tank program . there was one commercial launch in both 2009 and 2008 . s&dms 2019 sales decreased by $ 102 million mainly due to lower volume on defensive missile programs , which more than offset growth in strategic missile programs. .
Question: what is the operating expense in 2009?
Answer: 7274.0
Question: what about the net sales in 2010
Answer: 8654.0
Question: and the operating profit in 2010?
| 972.0 |
CONVFINQA3693 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
operating profit for the segment decreased by 1% ( 1 % ) in 2010 compared to 2009 . for the year , operating profit declines in defense more than offset an increase in civil , while operating profit at intelligence essentially was unchanged . the $ 27 million decrease in operating profit at defense primarily was attributable to a decrease in the level of favorable performance adjustments on mission and combat systems activities in 2010 . the $ 19 million increase in civil principally was due to higher volume on enterprise civilian services . operating profit for the segment decreased by 3% ( 3 % ) in 2009 compared to 2008 . operating profit declines in civil and intelligence partially were offset by growth in defense . the decrease of $ 29 million in civil 2019s operating profit primarily was attributable to a reduction in the level of favorable performance adjustments on enterprise civilian services programs in 2009 compared to 2008 . the decrease in operating profit of $ 27 million at intelligence mainly was due to a reduction in the level of favorable performance adjustments on security solution activities in 2009 compared to 2008 . the increase in defense 2019s operating profit of $ 29 million mainly was due to volume and improved performance in mission and combat systems . the decrease in backlog during 2010 compared to 2009 mainly was due to higher sales volume on enterprise civilian service programs at civil , including volume associated with the dris 2010 program , and mission and combat system programs at defense . backlog decreased in 2009 compared to 2008 due to u.s . government 2019s exercise of the termination for convenience clause on the tsat mission operations system ( tmos ) contract at defense , which resulted in a $ 1.6 billion reduction in orders . this decline more than offset increased orders on enterprise civilian services programs at civil . we expect is&gs will experience a low single digit percentage decrease in sales for 2011 as compared to 2010 . this decline primarily is due to completion of most of the work associated with the dris 2010 program . operating profit in 2011 is expected to decline in relationship to the decline in sales volume , while operating margins are expected to be comparable between the years . space systems our space systems business segment is engaged in the design , research and development , engineering , and production of satellites , strategic and defensive missile systems , and space transportation systems , including activities related to the planned replacement of the space shuttle . government satellite programs include the advanced extremely high frequency ( aehf ) system , the mobile user objective system ( muos ) , the global positioning satellite iii ( gps iii ) system , the space-based infrared system ( sbirs ) , and the geostationary operational environmental satellite r-series ( goes-r ) . strategic and missile defense programs include the targets and countermeasures program and the fleet ballistic missile program . space transportation includes the nasa orion program and , through ownership interests in two joint ventures , expendable launch services ( united launch alliance , or ula ) and space shuttle processing activities for the u.s . government ( united space alliance , or usa ) . the space shuttle is expected to complete its final flight mission in 2011 and our involvement with its launch and processing activities will end at that time . space systems 2019 operating results included the following : ( in millions ) 2010 2009 2008 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>net sales</td><td>$ 8246</td><td>$ 8654</td><td>$ 8027</td></tr><tr><td>3</td><td>operating profit</td><td>972</td><td>972</td><td>953</td></tr><tr><td>4</td><td>operating margin</td><td>11.8% ( 11.8 % )</td><td>11.2% ( 11.2 % )</td><td>11.9% ( 11.9 % )</td></tr><tr><td>5</td><td>backlog at year-end</td><td>17800</td><td>16800</td><td>17900</td></tr></table> net sales for space systems decreased by 5% ( 5 % ) in 2010 compared to 2009 . sales declined in all three lines of business during the year . the $ 253 million decrease in space transportation principally was due to lower volume on the space shuttle external tank , commercial launch vehicle activity and other human space flight programs , which partially were offset by higher volume on the orion program . there were no commercial launches in 2010 compared to one commercial launch in 2009 . strategic & defensive missile systems ( s&dms ) sales declined $ 147 million principally due to lower volume on defensive missile programs . the $ 8 million sales decline in satellites primarily was attributable to lower volume on commercial satellites , which partially were offset by higher volume on government satellite activities . there was one commercial satellite delivery in 2010 and one commercial satellite delivery in 2009 . net sales for space systems increased 8% ( 8 % ) in 2009 compared to 2008 . during the year , sales growth at satellites and space transportation offset a decline in s&dms . the sales growth of $ 707 million in satellites was due to higher volume in government satellite activities , which partially was offset by lower volume in commercial satellite activities . there was one commercial satellite delivery in 2009 and two deliveries in 2008 . the increase in sales of $ 21 million in space transportation primarily was due to higher volume on the orion program , which more than offset a decline in the space shuttle 2019s external tank program . there was one commercial launch in both 2009 and 2008 . s&dms 2019 sales decreased by $ 102 million mainly due to lower volume on defensive missile programs , which more than offset growth in strategic missile programs. .
Question: what is the operating expense in 2009?
Answer: 7274.0
Question: what about the net sales in 2010
Answer: 8654.0
Question: and the operating profit in 2010?
Answer: 972.0
Question: what is the operating expense in 2010?
| 7682.0 |
CONVFINQA3694 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
operating profit for the segment decreased by 1% ( 1 % ) in 2010 compared to 2009 . for the year , operating profit declines in defense more than offset an increase in civil , while operating profit at intelligence essentially was unchanged . the $ 27 million decrease in operating profit at defense primarily was attributable to a decrease in the level of favorable performance adjustments on mission and combat systems activities in 2010 . the $ 19 million increase in civil principally was due to higher volume on enterprise civilian services . operating profit for the segment decreased by 3% ( 3 % ) in 2009 compared to 2008 . operating profit declines in civil and intelligence partially were offset by growth in defense . the decrease of $ 29 million in civil 2019s operating profit primarily was attributable to a reduction in the level of favorable performance adjustments on enterprise civilian services programs in 2009 compared to 2008 . the decrease in operating profit of $ 27 million at intelligence mainly was due to a reduction in the level of favorable performance adjustments on security solution activities in 2009 compared to 2008 . the increase in defense 2019s operating profit of $ 29 million mainly was due to volume and improved performance in mission and combat systems . the decrease in backlog during 2010 compared to 2009 mainly was due to higher sales volume on enterprise civilian service programs at civil , including volume associated with the dris 2010 program , and mission and combat system programs at defense . backlog decreased in 2009 compared to 2008 due to u.s . government 2019s exercise of the termination for convenience clause on the tsat mission operations system ( tmos ) contract at defense , which resulted in a $ 1.6 billion reduction in orders . this decline more than offset increased orders on enterprise civilian services programs at civil . we expect is&gs will experience a low single digit percentage decrease in sales for 2011 as compared to 2010 . this decline primarily is due to completion of most of the work associated with the dris 2010 program . operating profit in 2011 is expected to decline in relationship to the decline in sales volume , while operating margins are expected to be comparable between the years . space systems our space systems business segment is engaged in the design , research and development , engineering , and production of satellites , strategic and defensive missile systems , and space transportation systems , including activities related to the planned replacement of the space shuttle . government satellite programs include the advanced extremely high frequency ( aehf ) system , the mobile user objective system ( muos ) , the global positioning satellite iii ( gps iii ) system , the space-based infrared system ( sbirs ) , and the geostationary operational environmental satellite r-series ( goes-r ) . strategic and missile defense programs include the targets and countermeasures program and the fleet ballistic missile program . space transportation includes the nasa orion program and , through ownership interests in two joint ventures , expendable launch services ( united launch alliance , or ula ) and space shuttle processing activities for the u.s . government ( united space alliance , or usa ) . the space shuttle is expected to complete its final flight mission in 2011 and our involvement with its launch and processing activities will end at that time . space systems 2019 operating results included the following : ( in millions ) 2010 2009 2008 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>net sales</td><td>$ 8246</td><td>$ 8654</td><td>$ 8027</td></tr><tr><td>3</td><td>operating profit</td><td>972</td><td>972</td><td>953</td></tr><tr><td>4</td><td>operating margin</td><td>11.8% ( 11.8 % )</td><td>11.2% ( 11.2 % )</td><td>11.9% ( 11.9 % )</td></tr><tr><td>5</td><td>backlog at year-end</td><td>17800</td><td>16800</td><td>17900</td></tr></table> net sales for space systems decreased by 5% ( 5 % ) in 2010 compared to 2009 . sales declined in all three lines of business during the year . the $ 253 million decrease in space transportation principally was due to lower volume on the space shuttle external tank , commercial launch vehicle activity and other human space flight programs , which partially were offset by higher volume on the orion program . there were no commercial launches in 2010 compared to one commercial launch in 2009 . strategic & defensive missile systems ( s&dms ) sales declined $ 147 million principally due to lower volume on defensive missile programs . the $ 8 million sales decline in satellites primarily was attributable to lower volume on commercial satellites , which partially were offset by higher volume on government satellite activities . there was one commercial satellite delivery in 2010 and one commercial satellite delivery in 2009 . net sales for space systems increased 8% ( 8 % ) in 2009 compared to 2008 . during the year , sales growth at satellites and space transportation offset a decline in s&dms . the sales growth of $ 707 million in satellites was due to higher volume in government satellite activities , which partially was offset by lower volume in commercial satellite activities . there was one commercial satellite delivery in 2009 and two deliveries in 2008 . the increase in sales of $ 21 million in space transportation primarily was due to higher volume on the orion program , which more than offset a decline in the space shuttle 2019s external tank program . there was one commercial launch in both 2009 and 2008 . s&dms 2019 sales decreased by $ 102 million mainly due to lower volume on defensive missile programs , which more than offset growth in strategic missile programs. .
Question: what is the operating expense in 2009?
Answer: 7274.0
Question: what about the net sales in 2010
Answer: 8654.0
Question: and the operating profit in 2010?
Answer: 972.0
Question: what is the operating expense in 2010?
Answer: 7682.0
Question: what is the net change in operating expense?
| -408.0 |
CONVFINQA3695 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
operating profit for the segment decreased by 1% ( 1 % ) in 2010 compared to 2009 . for the year , operating profit declines in defense more than offset an increase in civil , while operating profit at intelligence essentially was unchanged . the $ 27 million decrease in operating profit at defense primarily was attributable to a decrease in the level of favorable performance adjustments on mission and combat systems activities in 2010 . the $ 19 million increase in civil principally was due to higher volume on enterprise civilian services . operating profit for the segment decreased by 3% ( 3 % ) in 2009 compared to 2008 . operating profit declines in civil and intelligence partially were offset by growth in defense . the decrease of $ 29 million in civil 2019s operating profit primarily was attributable to a reduction in the level of favorable performance adjustments on enterprise civilian services programs in 2009 compared to 2008 . the decrease in operating profit of $ 27 million at intelligence mainly was due to a reduction in the level of favorable performance adjustments on security solution activities in 2009 compared to 2008 . the increase in defense 2019s operating profit of $ 29 million mainly was due to volume and improved performance in mission and combat systems . the decrease in backlog during 2010 compared to 2009 mainly was due to higher sales volume on enterprise civilian service programs at civil , including volume associated with the dris 2010 program , and mission and combat system programs at defense . backlog decreased in 2009 compared to 2008 due to u.s . government 2019s exercise of the termination for convenience clause on the tsat mission operations system ( tmos ) contract at defense , which resulted in a $ 1.6 billion reduction in orders . this decline more than offset increased orders on enterprise civilian services programs at civil . we expect is&gs will experience a low single digit percentage decrease in sales for 2011 as compared to 2010 . this decline primarily is due to completion of most of the work associated with the dris 2010 program . operating profit in 2011 is expected to decline in relationship to the decline in sales volume , while operating margins are expected to be comparable between the years . space systems our space systems business segment is engaged in the design , research and development , engineering , and production of satellites , strategic and defensive missile systems , and space transportation systems , including activities related to the planned replacement of the space shuttle . government satellite programs include the advanced extremely high frequency ( aehf ) system , the mobile user objective system ( muos ) , the global positioning satellite iii ( gps iii ) system , the space-based infrared system ( sbirs ) , and the geostationary operational environmental satellite r-series ( goes-r ) . strategic and missile defense programs include the targets and countermeasures program and the fleet ballistic missile program . space transportation includes the nasa orion program and , through ownership interests in two joint ventures , expendable launch services ( united launch alliance , or ula ) and space shuttle processing activities for the u.s . government ( united space alliance , or usa ) . the space shuttle is expected to complete its final flight mission in 2011 and our involvement with its launch and processing activities will end at that time . space systems 2019 operating results included the following : ( in millions ) 2010 2009 2008 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>net sales</td><td>$ 8246</td><td>$ 8654</td><td>$ 8027</td></tr><tr><td>3</td><td>operating profit</td><td>972</td><td>972</td><td>953</td></tr><tr><td>4</td><td>operating margin</td><td>11.8% ( 11.8 % )</td><td>11.2% ( 11.2 % )</td><td>11.9% ( 11.9 % )</td></tr><tr><td>5</td><td>backlog at year-end</td><td>17800</td><td>16800</td><td>17900</td></tr></table> net sales for space systems decreased by 5% ( 5 % ) in 2010 compared to 2009 . sales declined in all three lines of business during the year . the $ 253 million decrease in space transportation principally was due to lower volume on the space shuttle external tank , commercial launch vehicle activity and other human space flight programs , which partially were offset by higher volume on the orion program . there were no commercial launches in 2010 compared to one commercial launch in 2009 . strategic & defensive missile systems ( s&dms ) sales declined $ 147 million principally due to lower volume on defensive missile programs . the $ 8 million sales decline in satellites primarily was attributable to lower volume on commercial satellites , which partially were offset by higher volume on government satellite activities . there was one commercial satellite delivery in 2010 and one commercial satellite delivery in 2009 . net sales for space systems increased 8% ( 8 % ) in 2009 compared to 2008 . during the year , sales growth at satellites and space transportation offset a decline in s&dms . the sales growth of $ 707 million in satellites was due to higher volume in government satellite activities , which partially was offset by lower volume in commercial satellite activities . there was one commercial satellite delivery in 2009 and two deliveries in 2008 . the increase in sales of $ 21 million in space transportation primarily was due to higher volume on the orion program , which more than offset a decline in the space shuttle 2019s external tank program . there was one commercial launch in both 2009 and 2008 . s&dms 2019 sales decreased by $ 102 million mainly due to lower volume on defensive missile programs , which more than offset growth in strategic missile programs. .
Question: what is the operating expense in 2009?
Answer: 7274.0
Question: what about the net sales in 2010
Answer: 8654.0
Question: and the operating profit in 2010?
Answer: 972.0
Question: what is the operating expense in 2010?
Answer: 7682.0
Question: what is the net change in operating expense?
Answer: -408.0
Question: what percentage change does this represent?
| -0.05311 |
CONVFINQA3696 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
operating profit for the segment decreased by 1% ( 1 % ) in 2010 compared to 2009 . for the year , operating profit declines in defense more than offset an increase in civil , while operating profit at intelligence essentially was unchanged . the $ 27 million decrease in operating profit at defense primarily was attributable to a decrease in the level of favorable performance adjustments on mission and combat systems activities in 2010 . the $ 19 million increase in civil principally was due to higher volume on enterprise civilian services . operating profit for the segment decreased by 3% ( 3 % ) in 2009 compared to 2008 . operating profit declines in civil and intelligence partially were offset by growth in defense . the decrease of $ 29 million in civil 2019s operating profit primarily was attributable to a reduction in the level of favorable performance adjustments on enterprise civilian services programs in 2009 compared to 2008 . the decrease in operating profit of $ 27 million at intelligence mainly was due to a reduction in the level of favorable performance adjustments on security solution activities in 2009 compared to 2008 . the increase in defense 2019s operating profit of $ 29 million mainly was due to volume and improved performance in mission and combat systems . the decrease in backlog during 2010 compared to 2009 mainly was due to higher sales volume on enterprise civilian service programs at civil , including volume associated with the dris 2010 program , and mission and combat system programs at defense . backlog decreased in 2009 compared to 2008 due to u.s . government 2019s exercise of the termination for convenience clause on the tsat mission operations system ( tmos ) contract at defense , which resulted in a $ 1.6 billion reduction in orders . this decline more than offset increased orders on enterprise civilian services programs at civil . we expect is&gs will experience a low single digit percentage decrease in sales for 2011 as compared to 2010 . this decline primarily is due to completion of most of the work associated with the dris 2010 program . operating profit in 2011 is expected to decline in relationship to the decline in sales volume , while operating margins are expected to be comparable between the years . space systems our space systems business segment is engaged in the design , research and development , engineering , and production of satellites , strategic and defensive missile systems , and space transportation systems , including activities related to the planned replacement of the space shuttle . government satellite programs include the advanced extremely high frequency ( aehf ) system , the mobile user objective system ( muos ) , the global positioning satellite iii ( gps iii ) system , the space-based infrared system ( sbirs ) , and the geostationary operational environmental satellite r-series ( goes-r ) . strategic and missile defense programs include the targets and countermeasures program and the fleet ballistic missile program . space transportation includes the nasa orion program and , through ownership interests in two joint ventures , expendable launch services ( united launch alliance , or ula ) and space shuttle processing activities for the u.s . government ( united space alliance , or usa ) . the space shuttle is expected to complete its final flight mission in 2011 and our involvement with its launch and processing activities will end at that time . space systems 2019 operating results included the following : ( in millions ) 2010 2009 2008 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>net sales</td><td>$ 8246</td><td>$ 8654</td><td>$ 8027</td></tr><tr><td>3</td><td>operating profit</td><td>972</td><td>972</td><td>953</td></tr><tr><td>4</td><td>operating margin</td><td>11.8% ( 11.8 % )</td><td>11.2% ( 11.2 % )</td><td>11.9% ( 11.9 % )</td></tr><tr><td>5</td><td>backlog at year-end</td><td>17800</td><td>16800</td><td>17900</td></tr></table> net sales for space systems decreased by 5% ( 5 % ) in 2010 compared to 2009 . sales declined in all three lines of business during the year . the $ 253 million decrease in space transportation principally was due to lower volume on the space shuttle external tank , commercial launch vehicle activity and other human space flight programs , which partially were offset by higher volume on the orion program . there were no commercial launches in 2010 compared to one commercial launch in 2009 . strategic & defensive missile systems ( s&dms ) sales declined $ 147 million principally due to lower volume on defensive missile programs . the $ 8 million sales decline in satellites primarily was attributable to lower volume on commercial satellites , which partially were offset by higher volume on government satellite activities . there was one commercial satellite delivery in 2010 and one commercial satellite delivery in 2009 . net sales for space systems increased 8% ( 8 % ) in 2009 compared to 2008 . during the year , sales growth at satellites and space transportation offset a decline in s&dms . the sales growth of $ 707 million in satellites was due to higher volume in government satellite activities , which partially was offset by lower volume in commercial satellite activities . there was one commercial satellite delivery in 2009 and two deliveries in 2008 . the increase in sales of $ 21 million in space transportation primarily was due to higher volume on the orion program , which more than offset a decline in the space shuttle 2019s external tank program . there was one commercial launch in both 2009 and 2008 . s&dms 2019 sales decreased by $ 102 million mainly due to lower volume on defensive missile programs , which more than offset growth in strategic missile programs. .
Question: what is the operating expense in 2009?
Answer: 7274.0
Question: what about the net sales in 2010
Answer: 8654.0
Question: and the operating profit in 2010?
Answer: 972.0
Question: what is the operating expense in 2010?
Answer: 7682.0
Question: what is the net change in operating expense?
Answer: -408.0
Question: what percentage change does this represent?
Answer: -0.05311
Question: what is the operating expenses ratio in 2010?
| 0.88212 |
CONVFINQA3697 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the following details the impairment charge resulting from our review ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>year ended may 31 2009</td></tr><tr><td>2</td><td>goodwill</td><td>$ 136800</td></tr><tr><td>3</td><td>trademark</td><td>10000</td></tr><tr><td>4</td><td>other long-lived assets</td><td>864</td></tr><tr><td>5</td><td>total</td><td>$ 147664</td></tr></table> net income attributable to noncontrolling interests , net of tax noncontrolling interest , net of tax increased $ 28.9 million from $ 8.1 million fiscal 2008 . the increase was primarily related to our acquisition of a 51% ( 51 % ) majority interest in hsbc merchant services , llp on june 30 , net income attributable to global payments and diluted earnings per share during fiscal 2009 we reported net income of $ 37.2 million ( $ 0.46 diluted earnings per share ) . liquidity and capital resources a significant portion of our liquidity comes from operating cash flows , which are generally sufficient to fund operations , planned capital expenditures , debt service and various strategic investments in our business . cash flow from operations is used to make planned capital investments in our business , to pursue acquisitions that meet our corporate objectives , to pay dividends , and to pay off debt and repurchase our shares at the discretion of our board of directors . accumulated cash balances are invested in high-quality and marketable short term instruments . our capital plan objectives are to support the company 2019s operational needs and strategic plan for long term growth while maintaining a low cost of capital . lines of credit are used in certain of our markets to fund settlement and as a source of working capital and , along with other bank financing , to fund acquisitions . we regularly evaluate our liquidity and capital position relative to cash requirements , and we may elect to raise additional funds in the future , either through the issuance of debt , equity or otherwise . at may 31 , 2010 , we had cash and cash equivalents totaling $ 769.9 million . of this amount , we consider $ 268.1 million to be available cash , which generally excludes settlement related and merchant reserve cash balances . settlement related cash balances represent surplus funds that we hold on behalf of our member sponsors when the incoming amount from the card networks precedes the member sponsors 2019 funding obligation to the merchant . merchant reserve cash balances represent funds collected from our merchants that serve as collateral ( 201cmerchant reserves 201d ) to minimize contingent liabilities associated with any losses that may occur under the merchant agreement . at may 31 , 2010 , our cash and cash equivalents included $ 199.4 million related to merchant reserves . while this cash is not restricted in its use , we believe that designating this cash to collateralize merchant reserves strengthens our fiduciary standing with our member sponsors and is in accordance with the guidelines set by the card networks . see cash and cash equivalents and settlement processing assets and obligations under note 1 in the notes to the consolidated financial statements for additional details . net cash provided by operating activities increased $ 82.8 million to $ 465.8 million for fiscal 2010 from the prior year . income from continuing operations increased $ 16.0 million and we had cash provided by changes in working capital of $ 60.2 million . the working capital change was primarily due to the change in net settlement processing assets and obligations of $ 80.3 million and the change in accounts receivable of $ 13.4 million , partially offset by the change .
Question: what was the change in the net cash provided by operating activities from 2009 to 2010?
| 383.0 |
CONVFINQA3698 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the following details the impairment charge resulting from our review ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>year ended may 31 2009</td></tr><tr><td>2</td><td>goodwill</td><td>$ 136800</td></tr><tr><td>3</td><td>trademark</td><td>10000</td></tr><tr><td>4</td><td>other long-lived assets</td><td>864</td></tr><tr><td>5</td><td>total</td><td>$ 147664</td></tr></table> net income attributable to noncontrolling interests , net of tax noncontrolling interest , net of tax increased $ 28.9 million from $ 8.1 million fiscal 2008 . the increase was primarily related to our acquisition of a 51% ( 51 % ) majority interest in hsbc merchant services , llp on june 30 , net income attributable to global payments and diluted earnings per share during fiscal 2009 we reported net income of $ 37.2 million ( $ 0.46 diluted earnings per share ) . liquidity and capital resources a significant portion of our liquidity comes from operating cash flows , which are generally sufficient to fund operations , planned capital expenditures , debt service and various strategic investments in our business . cash flow from operations is used to make planned capital investments in our business , to pursue acquisitions that meet our corporate objectives , to pay dividends , and to pay off debt and repurchase our shares at the discretion of our board of directors . accumulated cash balances are invested in high-quality and marketable short term instruments . our capital plan objectives are to support the company 2019s operational needs and strategic plan for long term growth while maintaining a low cost of capital . lines of credit are used in certain of our markets to fund settlement and as a source of working capital and , along with other bank financing , to fund acquisitions . we regularly evaluate our liquidity and capital position relative to cash requirements , and we may elect to raise additional funds in the future , either through the issuance of debt , equity or otherwise . at may 31 , 2010 , we had cash and cash equivalents totaling $ 769.9 million . of this amount , we consider $ 268.1 million to be available cash , which generally excludes settlement related and merchant reserve cash balances . settlement related cash balances represent surplus funds that we hold on behalf of our member sponsors when the incoming amount from the card networks precedes the member sponsors 2019 funding obligation to the merchant . merchant reserve cash balances represent funds collected from our merchants that serve as collateral ( 201cmerchant reserves 201d ) to minimize contingent liabilities associated with any losses that may occur under the merchant agreement . at may 31 , 2010 , our cash and cash equivalents included $ 199.4 million related to merchant reserves . while this cash is not restricted in its use , we believe that designating this cash to collateralize merchant reserves strengthens our fiduciary standing with our member sponsors and is in accordance with the guidelines set by the card networks . see cash and cash equivalents and settlement processing assets and obligations under note 1 in the notes to the consolidated financial statements for additional details . net cash provided by operating activities increased $ 82.8 million to $ 465.8 million for fiscal 2010 from the prior year . income from continuing operations increased $ 16.0 million and we had cash provided by changes in working capital of $ 60.2 million . the working capital change was primarily due to the change in net settlement processing assets and obligations of $ 80.3 million and the change in accounts receivable of $ 13.4 million , partially offset by the change .
Question: what was the change in the net cash provided by operating activities from 2009 to 2010?
Answer: 383.0
Question: and how much does this change represent in relation to that net cash in 2009, in percentage?
| 0.21619 |
CONVFINQA3699 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
cash and cash equivalents cash equivalents include highly-liquid investments with a maturity of three months or less when purchased . accounts receivable and allowance for doubtful accounts accounts receivable are carried at the invoiced amounts , less an allowance for doubtful accounts , and generally do not bear interest . the company estimates the balance of allowance for doubtful accounts by analyzing accounts receivable balances by age and applying historical write-off and collection trend rates . the company 2019s estimates include separately providing for customer receivables based on specific circumstances and credit conditions , and when it is deemed probable that the balance is uncollectible . account balances are written off against the allowance when it is determined the receivable will not be recovered . the company 2019s allowance for doubtful accounts balance also includes an allowance for the expected return of products shipped and credits related to pricing or quantities shipped of $ 15 million , $ 14 million and $ 15 million as of december 31 , 2017 , 2016 , and 2015 , respectively . returns and credit activity is recorded directly to sales as a reduction . the following table summarizes the activity in the allowance for doubtful accounts: . <table class='wikitable'><tr><td>1</td><td>( millions )</td><td>2017</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>beginning balance</td><td>$ 67.6</td><td>$ 75.3</td><td>$ 77.5</td></tr><tr><td>3</td><td>bad debt expense</td><td>17.1</td><td>20.1</td><td>25.8</td></tr><tr><td>4</td><td>write-offs</td><td>-15.7 ( 15.7 )</td><td>-24.6 ( 24.6 )</td><td>-21.9 ( 21.9 )</td></tr><tr><td>5</td><td>other ( a )</td><td>2.5</td><td>-3.2 ( 3.2 )</td><td>-6.1 ( 6.1 )</td></tr><tr><td>6</td><td>ending balance</td><td>$ 71.5</td><td>$ 67.6</td><td>$ 75.3</td></tr></table> ( a ) other amounts are primarily the effects of changes in currency translations and the impact of allowance for returns and credits . inventory valuations inventories are valued at the lower of cost or net realizable value . certain u.s . inventory costs are determined on a last-in , first-out ( 201clifo 201d ) basis . lifo inventories represented 39% ( 39 % ) and 40% ( 40 % ) of consolidated inventories as of december 31 , 2017 and 2016 , respectively . all other inventory costs are determined using either the average cost or first-in , first-out ( 201cfifo 201d ) methods . inventory values at fifo , as shown in note 5 , approximate replacement cost . property , plant and equipment property , plant and equipment assets are stated at cost . merchandising and customer equipment consists principally of various dispensing systems for the company 2019s cleaning and sanitizing products , dishwashing machines and process control and monitoring equipment . certain dispensing systems capitalized by the company are accounted for on a mass asset basis , whereby equipment is capitalized and depreciated as a group and written off when fully depreciated . the company capitalizes both internal and external costs of development or purchase of computer software for internal use . costs incurred for data conversion , training and maintenance associated with capitalized software are expensed as incurred . expenditures for major renewals and improvements , which significantly extend the useful lives of existing plant and equipment , are capitalized and depreciated . expenditures for repairs and maintenance are charged to expense as incurred . upon retirement or disposition of plant and equipment , the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in income . depreciation is charged to operations using the straight-line method over the assets 2019 estimated useful lives ranging from 5 to 40 years for buildings and leasehold improvements , 3 to 20 years for machinery and equipment , 3 to 15 years for merchandising and customer equipment and 3 to 7 years for capitalized software . the straight-line method of depreciation reflects an appropriate allocation of the cost of the assets to earnings in proportion to the amount of economic benefits obtained by the company in each reporting period . depreciation expense was $ 586 million , $ 561 million and $ 560 million for 2017 , 2016 and 2015 , respectively. .
Question: what was the change in the balance of allowance for doubtful accounts from 2016 to 2017?
| 3.9 |
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