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CONVFINQA6900 | 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.
edwards lifesciences corporation notes to consolidated financial statements ( continued ) 12 . common stock ( continued ) the company also maintains the nonemployee directors stock incentive compensation program ( the 2018 2018nonemployee directors program 2019 2019 ) . under the nonemployee directors program , each nonemployee director may receive annually up to 10000 stock options or 4000 restricted stock units of the company 2019s common stock , or a combination thereof , provided that in no event may the total value of the combined annual award exceed $ 0.2 million . additionally , each nonemployee director may elect to receive all or a portion of the annual cash retainer to which the director is otherwise entitled through the issuance of stock options or restricted stock units . each option and restricted stock unit award granted in 2011 or prior generally vests in three equal annual installments . each option and restricted stock unit award granted after 2011 generally vests after one year . upon a director 2019s initial election to the board , the director receives an initial grant of restricted stock units equal to a fair market value on grant date of $ 0.2 million , not to exceed 10000 shares . these grants vest over three years from the date of grant . under the nonemployee directors program , an aggregate of 1.4 million shares of the company 2019s common stock has been authorized for issuance . the company has an employee stock purchase plan for united states employees and a plan for international employees ( collectively 2018 2018espp 2019 2019 ) . under the espp , eligible employees may purchase shares of the company 2019s common stock at 85% ( 85 % ) of the lower of the fair market value of edwards lifesciences common stock on the effective date of subscription or the date of purchase . under the espp , employees can authorize the company to withhold up to 12% ( 12 % ) of their compensation for common stock purchases , subject to certain limitations . the espp is available to all active employees of the company paid from the united states payroll and to eligible employees of the company outside the united states to the extent permitted by local law . the espp for united states employees is qualified under section 423 of the internal revenue code . the number of shares of common stock authorized for issuance under the espp was 6.6 million shares . the fair value of each option award and employee stock purchase subscription is estimated on the date of grant using the black-scholes option valuation model that uses the assumptions noted in the following tables . the risk-free interest rate is estimated using the u.s . treasury yield curve and is based on the expected term of the award . expected volatility is estimated based on a blend of the weighted-average of the historical volatility of edwards 2019 stock and the implied volatility from traded options on edwards 2019 stock . the expected term of awards granted is estimated from the vesting period of the award , as well as historical exercise behavior , and represents the period of time that awards granted are expected to be outstanding . the company uses historical data to estimate forfeitures and has estimated an annual forfeiture rate of 5.1% ( 5.1 % ) . the black-scholes option pricing model was used with the following weighted-average assumptions for options granted during the following periods : option awards . <table class='wikitable'><tr><td>1</td><td>-</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>average risk-free interest rate</td><td>0.8% ( 0.8 % )</td><td>0.7% ( 0.7 % )</td><td>1.7% ( 1.7 % )</td></tr><tr><td>3</td><td>expected dividend yield</td><td>none</td><td>none</td><td>none</td></tr><tr><td>4</td><td>expected volatility</td><td>31% ( 31 % )</td><td>31% ( 31 % )</td><td>27% ( 27 % )</td></tr><tr><td>5</td><td>expected life ( years )</td><td>4.6</td><td>4.6</td><td>4.5</td></tr><tr><td>6</td><td>fair value per share</td><td>$ 19.47</td><td>$ 23.93</td><td>$ 22.78</td></tr></table> .
Question: what was the change in the fair value per share between 2011 and 2012?
| 1.15 |
CONVFINQA6901 | 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.
edwards lifesciences corporation notes to consolidated financial statements ( continued ) 12 . common stock ( continued ) the company also maintains the nonemployee directors stock incentive compensation program ( the 2018 2018nonemployee directors program 2019 2019 ) . under the nonemployee directors program , each nonemployee director may receive annually up to 10000 stock options or 4000 restricted stock units of the company 2019s common stock , or a combination thereof , provided that in no event may the total value of the combined annual award exceed $ 0.2 million . additionally , each nonemployee director may elect to receive all or a portion of the annual cash retainer to which the director is otherwise entitled through the issuance of stock options or restricted stock units . each option and restricted stock unit award granted in 2011 or prior generally vests in three equal annual installments . each option and restricted stock unit award granted after 2011 generally vests after one year . upon a director 2019s initial election to the board , the director receives an initial grant of restricted stock units equal to a fair market value on grant date of $ 0.2 million , not to exceed 10000 shares . these grants vest over three years from the date of grant . under the nonemployee directors program , an aggregate of 1.4 million shares of the company 2019s common stock has been authorized for issuance . the company has an employee stock purchase plan for united states employees and a plan for international employees ( collectively 2018 2018espp 2019 2019 ) . under the espp , eligible employees may purchase shares of the company 2019s common stock at 85% ( 85 % ) of the lower of the fair market value of edwards lifesciences common stock on the effective date of subscription or the date of purchase . under the espp , employees can authorize the company to withhold up to 12% ( 12 % ) of their compensation for common stock purchases , subject to certain limitations . the espp is available to all active employees of the company paid from the united states payroll and to eligible employees of the company outside the united states to the extent permitted by local law . the espp for united states employees is qualified under section 423 of the internal revenue code . the number of shares of common stock authorized for issuance under the espp was 6.6 million shares . the fair value of each option award and employee stock purchase subscription is estimated on the date of grant using the black-scholes option valuation model that uses the assumptions noted in the following tables . the risk-free interest rate is estimated using the u.s . treasury yield curve and is based on the expected term of the award . expected volatility is estimated based on a blend of the weighted-average of the historical volatility of edwards 2019 stock and the implied volatility from traded options on edwards 2019 stock . the expected term of awards granted is estimated from the vesting period of the award , as well as historical exercise behavior , and represents the period of time that awards granted are expected to be outstanding . the company uses historical data to estimate forfeitures and has estimated an annual forfeiture rate of 5.1% ( 5.1 % ) . the black-scholes option pricing model was used with the following weighted-average assumptions for options granted during the following periods : option awards . <table class='wikitable'><tr><td>1</td><td>-</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>average risk-free interest rate</td><td>0.8% ( 0.8 % )</td><td>0.7% ( 0.7 % )</td><td>1.7% ( 1.7 % )</td></tr><tr><td>3</td><td>expected dividend yield</td><td>none</td><td>none</td><td>none</td></tr><tr><td>4</td><td>expected volatility</td><td>31% ( 31 % )</td><td>31% ( 31 % )</td><td>27% ( 27 % )</td></tr><tr><td>5</td><td>expected life ( years )</td><td>4.6</td><td>4.6</td><td>4.5</td></tr><tr><td>6</td><td>fair value per share</td><td>$ 19.47</td><td>$ 23.93</td><td>$ 22.78</td></tr></table> .
Question: what was the change in the fair value per share between 2011 and 2012?
Answer: 1.15
Question: and the percentage change?
| 0.05048 |
CONVFINQA6902 | 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.
edwards lifesciences corporation notes to consolidated financial statements ( continued ) 12 . common stock ( continued ) the company also maintains the nonemployee directors stock incentive compensation program ( the 2018 2018nonemployee directors program 2019 2019 ) . under the nonemployee directors program , each nonemployee director may receive annually up to 10000 stock options or 4000 restricted stock units of the company 2019s common stock , or a combination thereof , provided that in no event may the total value of the combined annual award exceed $ 0.2 million . additionally , each nonemployee director may elect to receive all or a portion of the annual cash retainer to which the director is otherwise entitled through the issuance of stock options or restricted stock units . each option and restricted stock unit award granted in 2011 or prior generally vests in three equal annual installments . each option and restricted stock unit award granted after 2011 generally vests after one year . upon a director 2019s initial election to the board , the director receives an initial grant of restricted stock units equal to a fair market value on grant date of $ 0.2 million , not to exceed 10000 shares . these grants vest over three years from the date of grant . under the nonemployee directors program , an aggregate of 1.4 million shares of the company 2019s common stock has been authorized for issuance . the company has an employee stock purchase plan for united states employees and a plan for international employees ( collectively 2018 2018espp 2019 2019 ) . under the espp , eligible employees may purchase shares of the company 2019s common stock at 85% ( 85 % ) of the lower of the fair market value of edwards lifesciences common stock on the effective date of subscription or the date of purchase . under the espp , employees can authorize the company to withhold up to 12% ( 12 % ) of their compensation for common stock purchases , subject to certain limitations . the espp is available to all active employees of the company paid from the united states payroll and to eligible employees of the company outside the united states to the extent permitted by local law . the espp for united states employees is qualified under section 423 of the internal revenue code . the number of shares of common stock authorized for issuance under the espp was 6.6 million shares . the fair value of each option award and employee stock purchase subscription is estimated on the date of grant using the black-scholes option valuation model that uses the assumptions noted in the following tables . the risk-free interest rate is estimated using the u.s . treasury yield curve and is based on the expected term of the award . expected volatility is estimated based on a blend of the weighted-average of the historical volatility of edwards 2019 stock and the implied volatility from traded options on edwards 2019 stock . the expected term of awards granted is estimated from the vesting period of the award , as well as historical exercise behavior , and represents the period of time that awards granted are expected to be outstanding . the company uses historical data to estimate forfeitures and has estimated an annual forfeiture rate of 5.1% ( 5.1 % ) . the black-scholes option pricing model was used with the following weighted-average assumptions for options granted during the following periods : option awards . <table class='wikitable'><tr><td>1</td><td>-</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>average risk-free interest rate</td><td>0.8% ( 0.8 % )</td><td>0.7% ( 0.7 % )</td><td>1.7% ( 1.7 % )</td></tr><tr><td>3</td><td>expected dividend yield</td><td>none</td><td>none</td><td>none</td></tr><tr><td>4</td><td>expected volatility</td><td>31% ( 31 % )</td><td>31% ( 31 % )</td><td>27% ( 27 % )</td></tr><tr><td>5</td><td>expected life ( years )</td><td>4.6</td><td>4.6</td><td>4.5</td></tr><tr><td>6</td><td>fair value per share</td><td>$ 19.47</td><td>$ 23.93</td><td>$ 22.78</td></tr></table> .
Question: what was the change in the fair value per share between 2011 and 2012?
Answer: 1.15
Question: and the percentage change?
Answer: 0.05048
Question: and the change in this value between 2012 and 2013?
| -4.46 |
CONVFINQA6903 | 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.
edwards lifesciences corporation notes to consolidated financial statements ( continued ) 12 . common stock ( continued ) the company also maintains the nonemployee directors stock incentive compensation program ( the 2018 2018nonemployee directors program 2019 2019 ) . under the nonemployee directors program , each nonemployee director may receive annually up to 10000 stock options or 4000 restricted stock units of the company 2019s common stock , or a combination thereof , provided that in no event may the total value of the combined annual award exceed $ 0.2 million . additionally , each nonemployee director may elect to receive all or a portion of the annual cash retainer to which the director is otherwise entitled through the issuance of stock options or restricted stock units . each option and restricted stock unit award granted in 2011 or prior generally vests in three equal annual installments . each option and restricted stock unit award granted after 2011 generally vests after one year . upon a director 2019s initial election to the board , the director receives an initial grant of restricted stock units equal to a fair market value on grant date of $ 0.2 million , not to exceed 10000 shares . these grants vest over three years from the date of grant . under the nonemployee directors program , an aggregate of 1.4 million shares of the company 2019s common stock has been authorized for issuance . the company has an employee stock purchase plan for united states employees and a plan for international employees ( collectively 2018 2018espp 2019 2019 ) . under the espp , eligible employees may purchase shares of the company 2019s common stock at 85% ( 85 % ) of the lower of the fair market value of edwards lifesciences common stock on the effective date of subscription or the date of purchase . under the espp , employees can authorize the company to withhold up to 12% ( 12 % ) of their compensation for common stock purchases , subject to certain limitations . the espp is available to all active employees of the company paid from the united states payroll and to eligible employees of the company outside the united states to the extent permitted by local law . the espp for united states employees is qualified under section 423 of the internal revenue code . the number of shares of common stock authorized for issuance under the espp was 6.6 million shares . the fair value of each option award and employee stock purchase subscription is estimated on the date of grant using the black-scholes option valuation model that uses the assumptions noted in the following tables . the risk-free interest rate is estimated using the u.s . treasury yield curve and is based on the expected term of the award . expected volatility is estimated based on a blend of the weighted-average of the historical volatility of edwards 2019 stock and the implied volatility from traded options on edwards 2019 stock . the expected term of awards granted is estimated from the vesting period of the award , as well as historical exercise behavior , and represents the period of time that awards granted are expected to be outstanding . the company uses historical data to estimate forfeitures and has estimated an annual forfeiture rate of 5.1% ( 5.1 % ) . the black-scholes option pricing model was used with the following weighted-average assumptions for options granted during the following periods : option awards . <table class='wikitable'><tr><td>1</td><td>-</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>average risk-free interest rate</td><td>0.8% ( 0.8 % )</td><td>0.7% ( 0.7 % )</td><td>1.7% ( 1.7 % )</td></tr><tr><td>3</td><td>expected dividend yield</td><td>none</td><td>none</td><td>none</td></tr><tr><td>4</td><td>expected volatility</td><td>31% ( 31 % )</td><td>31% ( 31 % )</td><td>27% ( 27 % )</td></tr><tr><td>5</td><td>expected life ( years )</td><td>4.6</td><td>4.6</td><td>4.5</td></tr><tr><td>6</td><td>fair value per share</td><td>$ 19.47</td><td>$ 23.93</td><td>$ 22.78</td></tr></table> .
Question: what was the change in the fair value per share between 2011 and 2012?
Answer: 1.15
Question: and the percentage change?
Answer: 0.05048
Question: and the change in this value between 2012 and 2013?
Answer: -4.46
Question: and the percentage change?
| -0.18638 |
CONVFINQA6904 | 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.
adjusted net income of $ 4.6 billion translated into adjusted earnings of $ 5.79 per diluted share , a best- ever performance . f0b7 freight revenues 2013 our freight revenues increased 7% ( 7 % ) year-over-year to $ 19.8 billion driven by volume growth of 2% ( 2 % ) , higher fuel surcharge revenue , and core pricing gains . growth in frac sand , coal , and intermodal shipments more than offset declines in grain , crude oil , finished vehicles , and rock shipments . f0b7 fuel prices 2013 our average price of diesel fuel in 2017 was $ 1.81 per gallon , an increase of 22% ( 22 % ) from 2016 , as both crude oil and conversion spreads between crude oil and diesel increased in 2017 . the higher price resulted in increased operating expenses of $ 334 million ( excluding any impact from year- over-year volume growth ) . gross-ton miles increased 5% ( 5 % ) , which also drove higher fuel expense . our fuel consumption rate , computed as gallons of fuel consumed divided by gross ton-miles in thousands , improved 2% ( 2 % ) . f0b7 free cash flow 2013 cash generated by operating activities totaled $ 7.2 billion , yielding free cash flow of $ 2.2 billion after reductions of $ 3.1 billion for cash used in investing activities and $ 2 billion in dividends , which included a 10% ( 10 % ) increase in our quarterly dividend per share from $ 0.605 to $ 0.665 declared and paid in the fourth quarter of 2017 . free cash flow is defined as cash provided by operating activities less cash used in investing activities and dividends paid . free cash flow is not considered a financial measure under gaap by sec regulation g and item 10 of sec regulation s-k and may not be defined and calculated by other companies in the same manner . we believe free cash flow is important to management and investors in evaluating our financial performance and measures our ability to generate cash without additional external financings . free cash flow should be considered in addition to , rather than as a substitute for , cash provided by operating activities . the following table reconciles cash provided by operating activities ( gaap measure ) to free cash flow ( non-gaap measure ) : . <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>cash provided by operating activities</td><td>$ 7230</td><td>$ 7525</td><td>$ 7344</td></tr><tr><td>3</td><td>cash used in investing activities</td><td>-3086 ( 3086 )</td><td>-3393 ( 3393 )</td><td>-4476 ( 4476 )</td></tr><tr><td>4</td><td>dividends paid</td><td>-1982 ( 1982 )</td><td>-1879 ( 1879 )</td><td>-2344 ( 2344 )</td></tr><tr><td>5</td><td>free cash flow</td><td>$ 2162</td><td>$ 2253</td><td>$ 524</td></tr></table> 2018 outlook f0b7 safety 2013 operating a safe railroad benefits all our constituents : our employees , customers , shareholders and the communities we serve . we will continue using a multi-faceted approach to safety , utilizing technology , risk assessment , training and employee engagement , quality control , and targeted capital investments . we will continue using and expanding the deployment of total safety culture and courage to care throughout our operations , which allows us to identify and implement best practices for employee and operational safety . we will continue our efforts to increase detection of rail defects ; improve or close crossings ; and educate the public and law enforcement agencies about crossing safety through a combination of our own programs ( including risk assessment strategies ) , industry programs and local community activities across our network . f0b7 network operations 2013 in 2018 , we will continue to align resources with customer demand , maintain an efficient network , and ensure surge capability of our assets . f0b7 fuel prices 2013 fuel price projections for crude oil and natural gas continue to fluctuate in the current environment . we again could see volatile fuel prices during the year , as they are sensitive to global and u.s . domestic demand , refining capacity , geopolitical events , weather conditions and other factors . as prices fluctuate , there will be a timing impact on earnings , as our fuel surcharge programs trail increases or decreases in fuel price by approximately two months . lower fuel prices could have a positive impact on the economy by increasing consumer discretionary spending that potentially could increase demand for various consumer products that we transport . alternatively , lower fuel prices could likely have a negative impact on other commodities such as coal and domestic drilling-related shipments. .
Question: what is the net change in free cash flow from 2015 to 2016?
| 1729.0 |
CONVFINQA6905 | 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.
adjusted net income of $ 4.6 billion translated into adjusted earnings of $ 5.79 per diluted share , a best- ever performance . f0b7 freight revenues 2013 our freight revenues increased 7% ( 7 % ) year-over-year to $ 19.8 billion driven by volume growth of 2% ( 2 % ) , higher fuel surcharge revenue , and core pricing gains . growth in frac sand , coal , and intermodal shipments more than offset declines in grain , crude oil , finished vehicles , and rock shipments . f0b7 fuel prices 2013 our average price of diesel fuel in 2017 was $ 1.81 per gallon , an increase of 22% ( 22 % ) from 2016 , as both crude oil and conversion spreads between crude oil and diesel increased in 2017 . the higher price resulted in increased operating expenses of $ 334 million ( excluding any impact from year- over-year volume growth ) . gross-ton miles increased 5% ( 5 % ) , which also drove higher fuel expense . our fuel consumption rate , computed as gallons of fuel consumed divided by gross ton-miles in thousands , improved 2% ( 2 % ) . f0b7 free cash flow 2013 cash generated by operating activities totaled $ 7.2 billion , yielding free cash flow of $ 2.2 billion after reductions of $ 3.1 billion for cash used in investing activities and $ 2 billion in dividends , which included a 10% ( 10 % ) increase in our quarterly dividend per share from $ 0.605 to $ 0.665 declared and paid in the fourth quarter of 2017 . free cash flow is defined as cash provided by operating activities less cash used in investing activities and dividends paid . free cash flow is not considered a financial measure under gaap by sec regulation g and item 10 of sec regulation s-k and may not be defined and calculated by other companies in the same manner . we believe free cash flow is important to management and investors in evaluating our financial performance and measures our ability to generate cash without additional external financings . free cash flow should be considered in addition to , rather than as a substitute for , cash provided by operating activities . the following table reconciles cash provided by operating activities ( gaap measure ) to free cash flow ( non-gaap measure ) : . <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>cash provided by operating activities</td><td>$ 7230</td><td>$ 7525</td><td>$ 7344</td></tr><tr><td>3</td><td>cash used in investing activities</td><td>-3086 ( 3086 )</td><td>-3393 ( 3393 )</td><td>-4476 ( 4476 )</td></tr><tr><td>4</td><td>dividends paid</td><td>-1982 ( 1982 )</td><td>-1879 ( 1879 )</td><td>-2344 ( 2344 )</td></tr><tr><td>5</td><td>free cash flow</td><td>$ 2162</td><td>$ 2253</td><td>$ 524</td></tr></table> 2018 outlook f0b7 safety 2013 operating a safe railroad benefits all our constituents : our employees , customers , shareholders and the communities we serve . we will continue using a multi-faceted approach to safety , utilizing technology , risk assessment , training and employee engagement , quality control , and targeted capital investments . we will continue using and expanding the deployment of total safety culture and courage to care throughout our operations , which allows us to identify and implement best practices for employee and operational safety . we will continue our efforts to increase detection of rail defects ; improve or close crossings ; and educate the public and law enforcement agencies about crossing safety through a combination of our own programs ( including risk assessment strategies ) , industry programs and local community activities across our network . f0b7 network operations 2013 in 2018 , we will continue to align resources with customer demand , maintain an efficient network , and ensure surge capability of our assets . f0b7 fuel prices 2013 fuel price projections for crude oil and natural gas continue to fluctuate in the current environment . we again could see volatile fuel prices during the year , as they are sensitive to global and u.s . domestic demand , refining capacity , geopolitical events , weather conditions and other factors . as prices fluctuate , there will be a timing impact on earnings , as our fuel surcharge programs trail increases or decreases in fuel price by approximately two months . lower fuel prices could have a positive impact on the economy by increasing consumer discretionary spending that potentially could increase demand for various consumer products that we transport . alternatively , lower fuel prices could likely have a negative impact on other commodities such as coal and domestic drilling-related shipments. .
Question: what is the net change in free cash flow from 2015 to 2016?
Answer: 1729.0
Question: what is the percent change?
| 3.29962 |
CONVFINQA6906 | 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 , in the normal course of business operations , have issued product warranties related to equipment sales . also , contracts often contain standard terms and conditions which typically include a warranty and indemnification to the buyer that the goods and services purchased do not infringe on third-party intellectual property rights . the provision for estimated future costs relating to warranties is not material to the consolidated financial statements . we do not expect that any sum we may have to pay in connection with guarantees and warranties will have a material adverse effect on our consolidated financial condition , liquidity , or results of operations . unconditional purchase obligations we are obligated to make future payments under unconditional purchase obligations as summarized below: . <table class='wikitable'><tr><td>1</td><td>2017</td><td>$ 942</td></tr><tr><td>2</td><td>2018</td><td>525</td></tr><tr><td>3</td><td>2019</td><td>307</td></tr><tr><td>4</td><td>2020</td><td>298</td></tr><tr><td>5</td><td>2021</td><td>276</td></tr><tr><td>6</td><td>thereafter</td><td>2983</td></tr><tr><td>7</td><td>total</td><td>$ 5331</td></tr></table> approximately $ 4000 of our unconditional purchase obligations relate to helium purchases , which include crude feedstock supply to multiple helium refining plants in north america as well as refined helium purchases from sources around the world . as a rare byproduct of natural gas production in the energy sector , these helium sourcing agreements are medium- to long-term and contain take-or-pay provisions . the refined helium is distributed globally and sold as a merchant gas , primarily under medium-term requirements contracts . while contract terms in the energy sector are longer than those in merchant , helium is a rare gas used in applications with few or no substitutions because of its unique physical and chemical properties . approximately $ 330 of our long-term unconditional purchase obligations relate to feedstock supply for numerous hyco ( hydrogen , carbon monoxide , and syngas ) facilities . the price of feedstock supply is principally related to the price of natural gas . however , long-term take-or-pay sales contracts to hyco customers are generally matched to the term of the feedstock supply obligations and provide recovery of price increases in the feedstock supply . due to the matching of most long-term feedstock supply obligations to customer sales contracts , we do not believe these purchase obligations would have a material effect on our financial condition or results of operations . the unconditional purchase obligations also include other product supply and purchase commitments and electric power and natural gas supply purchase obligations , which are primarily pass-through contracts with our customers . purchase commitments to spend approximately $ 350 for additional plant and equipment are included in the unconditional purchase obligations in 2017 . in addition , we have purchase commitments totaling approximately $ 500 in 2017 and 2018 relating to our long-term sale of equipment project for saudi aramco 2019s jazan oil refinery . 18 . capital stock common stock authorized common stock consists of 300 million shares with a par value of $ 1 per share . as of 30 september 2016 , 249 million shares were issued , with 217 million outstanding . on 15 september 2011 , the board of directors authorized the repurchase of up to $ 1000 of our outstanding common stock . we repurchase shares pursuant to rules 10b5-1 and 10b-18 under the securities exchange act of 1934 , as amended , through repurchase agreements established with several brokers . we did not purchase any of our outstanding shares during fiscal year 2016 . at 30 september 2016 , $ 485.3 in share repurchase authorization remains. .
Question: what portion of total future payments is related to helium purchaes?
| 0.75033 |
CONVFINQA6907 | 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 , in the normal course of business operations , have issued product warranties related to equipment sales . also , contracts often contain standard terms and conditions which typically include a warranty and indemnification to the buyer that the goods and services purchased do not infringe on third-party intellectual property rights . the provision for estimated future costs relating to warranties is not material to the consolidated financial statements . we do not expect that any sum we may have to pay in connection with guarantees and warranties will have a material adverse effect on our consolidated financial condition , liquidity , or results of operations . unconditional purchase obligations we are obligated to make future payments under unconditional purchase obligations as summarized below: . <table class='wikitable'><tr><td>1</td><td>2017</td><td>$ 942</td></tr><tr><td>2</td><td>2018</td><td>525</td></tr><tr><td>3</td><td>2019</td><td>307</td></tr><tr><td>4</td><td>2020</td><td>298</td></tr><tr><td>5</td><td>2021</td><td>276</td></tr><tr><td>6</td><td>thereafter</td><td>2983</td></tr><tr><td>7</td><td>total</td><td>$ 5331</td></tr></table> approximately $ 4000 of our unconditional purchase obligations relate to helium purchases , which include crude feedstock supply to multiple helium refining plants in north america as well as refined helium purchases from sources around the world . as a rare byproduct of natural gas production in the energy sector , these helium sourcing agreements are medium- to long-term and contain take-or-pay provisions . the refined helium is distributed globally and sold as a merchant gas , primarily under medium-term requirements contracts . while contract terms in the energy sector are longer than those in merchant , helium is a rare gas used in applications with few or no substitutions because of its unique physical and chemical properties . approximately $ 330 of our long-term unconditional purchase obligations relate to feedstock supply for numerous hyco ( hydrogen , carbon monoxide , and syngas ) facilities . the price of feedstock supply is principally related to the price of natural gas . however , long-term take-or-pay sales contracts to hyco customers are generally matched to the term of the feedstock supply obligations and provide recovery of price increases in the feedstock supply . due to the matching of most long-term feedstock supply obligations to customer sales contracts , we do not believe these purchase obligations would have a material effect on our financial condition or results of operations . the unconditional purchase obligations also include other product supply and purchase commitments and electric power and natural gas supply purchase obligations , which are primarily pass-through contracts with our customers . purchase commitments to spend approximately $ 350 for additional plant and equipment are included in the unconditional purchase obligations in 2017 . in addition , we have purchase commitments totaling approximately $ 500 in 2017 and 2018 relating to our long-term sale of equipment project for saudi aramco 2019s jazan oil refinery . 18 . capital stock common stock authorized common stock consists of 300 million shares with a par value of $ 1 per share . as of 30 september 2016 , 249 million shares were issued , with 217 million outstanding . on 15 september 2011 , the board of directors authorized the repurchase of up to $ 1000 of our outstanding common stock . we repurchase shares pursuant to rules 10b5-1 and 10b-18 under the securities exchange act of 1934 , as amended , through repurchase agreements established with several brokers . we did not purchase any of our outstanding shares during fiscal year 2016 . at 30 september 2016 , $ 485.3 in share repurchase authorization remains. .
Question: what portion of total future payments is related to helium purchaes?
Answer: 0.75033
Question: what portion of issued shares is outstanding as of september 30, 2016?
| 0.87149 |
CONVFINQA6908 | 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.
system energy resources , inc . management 2019s financial discussion and analysis sources of capital system energy 2019s sources to meet its capital requirements include : internally generated funds ; cash on hand ; debt issuances ; and bank financing under new or existing facilities . system energy may refinance , redeem , or otherwise retire debt prior to maturity , to the extent market conditions and interest and dividend rates are favorable . all debt and common stock issuances by system energy require prior regulatory approval . debt issuances are also subject to issuance tests set forth in its bond indentures and other agreements . system energy has sufficient capacity under these tests to meet its foreseeable capital needs . in february 2012 , system energy vie issued $ 50 million of 4.02% ( 4.02 % ) series h notes due february 2017 . system energy used the proceeds to purchase additional nuclear fuel . system energy has obtained a short-term borrowing authorization from the ferc under which it may borrow , through october 2013 , up to the aggregate amount , at any one time outstanding , of $ 200 million . see note 4 to the financial statements for further discussion of system energy 2019s short-term borrowing limits . system energy has also obtained an order from the ferc authorizing long-term securities issuances . the current long-term authorization extends through july 2013 . system energy 2019s receivables from the money pool were as follows as of december 31 for each of the following years: . <table class='wikitable'><tr><td>1</td><td>2011</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>( in thousands )</td><td>( in thousands )</td><td>( in thousands )</td><td>( in thousands )</td></tr><tr><td>3</td><td>$ 120424</td><td>$ 97948</td><td>$ 90507</td><td>$ 42915</td></tr></table> see note 4 to the financial statements for a description of the money pool . nuclear matters system energy owns and operates grand gulf . system energy is , therefore , subject to the risks related to owning and operating a nuclear plant . these include risks from the use , storage , handling and disposal of high- level and low-level radioactive materials , regulatory requirement changes , including changes resulting from events at other plants , limitations on the amounts and types of insurance commercially available for losses in connection with nuclear operations , and technological and financial uncertainties related to decommissioning nuclear plants at the end of their licensed lives , including the sufficiency of funds in decommissioning trusts . in the event of an unanticipated early shutdown of grand gulf , system energy may be required to provide additional funds or credit support to satisfy regulatory requirements for decommissioning . after the nuclear incident in japan resulting from the march 2011 earthquake and tsunami , the nrc established a task force to conduct a review of processes and regulations relating to nuclear facilities in the united states . the task force issued a near term ( 90-day ) report in july 2011 that has made recommendations , which are currently being evaluated by the nrc . it is anticipated that the nrc will issue certain orders and requests for information to nuclear plant licensees by the end of the first quarter 2012 that will begin to implement the task force 2019s recommendations . these orders may require u.s . nuclear operators , including entergy , to undertake plant modifications or perform additional analyses that could , among other things , result in increased costs and capital requirements associated with operating entergy 2019s nuclear plants. .
Question: what is the system energy 2019s receivables from the money pool in 2011?
| 120424.0 |
CONVFINQA6909 | 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.
system energy resources , inc . management 2019s financial discussion and analysis sources of capital system energy 2019s sources to meet its capital requirements include : internally generated funds ; cash on hand ; debt issuances ; and bank financing under new or existing facilities . system energy may refinance , redeem , or otherwise retire debt prior to maturity , to the extent market conditions and interest and dividend rates are favorable . all debt and common stock issuances by system energy require prior regulatory approval . debt issuances are also subject to issuance tests set forth in its bond indentures and other agreements . system energy has sufficient capacity under these tests to meet its foreseeable capital needs . in february 2012 , system energy vie issued $ 50 million of 4.02% ( 4.02 % ) series h notes due february 2017 . system energy used the proceeds to purchase additional nuclear fuel . system energy has obtained a short-term borrowing authorization from the ferc under which it may borrow , through october 2013 , up to the aggregate amount , at any one time outstanding , of $ 200 million . see note 4 to the financial statements for further discussion of system energy 2019s short-term borrowing limits . system energy has also obtained an order from the ferc authorizing long-term securities issuances . the current long-term authorization extends through july 2013 . system energy 2019s receivables from the money pool were as follows as of december 31 for each of the following years: . <table class='wikitable'><tr><td>1</td><td>2011</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>( in thousands )</td><td>( in thousands )</td><td>( in thousands )</td><td>( in thousands )</td></tr><tr><td>3</td><td>$ 120424</td><td>$ 97948</td><td>$ 90507</td><td>$ 42915</td></tr></table> see note 4 to the financial statements for a description of the money pool . nuclear matters system energy owns and operates grand gulf . system energy is , therefore , subject to the risks related to owning and operating a nuclear plant . these include risks from the use , storage , handling and disposal of high- level and low-level radioactive materials , regulatory requirement changes , including changes resulting from events at other plants , limitations on the amounts and types of insurance commercially available for losses in connection with nuclear operations , and technological and financial uncertainties related to decommissioning nuclear plants at the end of their licensed lives , including the sufficiency of funds in decommissioning trusts . in the event of an unanticipated early shutdown of grand gulf , system energy may be required to provide additional funds or credit support to satisfy regulatory requirements for decommissioning . after the nuclear incident in japan resulting from the march 2011 earthquake and tsunami , the nrc established a task force to conduct a review of processes and regulations relating to nuclear facilities in the united states . the task force issued a near term ( 90-day ) report in july 2011 that has made recommendations , which are currently being evaluated by the nrc . it is anticipated that the nrc will issue certain orders and requests for information to nuclear plant licensees by the end of the first quarter 2012 that will begin to implement the task force 2019s recommendations . these orders may require u.s . nuclear operators , including entergy , to undertake plant modifications or perform additional analyses that could , among other things , result in increased costs and capital requirements associated with operating entergy 2019s nuclear plants. .
Question: what is the system energy 2019s receivables from the money pool in 2011?
Answer: 120424.0
Question: what about in 2010?
| 97948.0 |
CONVFINQA6910 | 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.
system energy resources , inc . management 2019s financial discussion and analysis sources of capital system energy 2019s sources to meet its capital requirements include : internally generated funds ; cash on hand ; debt issuances ; and bank financing under new or existing facilities . system energy may refinance , redeem , or otherwise retire debt prior to maturity , to the extent market conditions and interest and dividend rates are favorable . all debt and common stock issuances by system energy require prior regulatory approval . debt issuances are also subject to issuance tests set forth in its bond indentures and other agreements . system energy has sufficient capacity under these tests to meet its foreseeable capital needs . in february 2012 , system energy vie issued $ 50 million of 4.02% ( 4.02 % ) series h notes due february 2017 . system energy used the proceeds to purchase additional nuclear fuel . system energy has obtained a short-term borrowing authorization from the ferc under which it may borrow , through october 2013 , up to the aggregate amount , at any one time outstanding , of $ 200 million . see note 4 to the financial statements for further discussion of system energy 2019s short-term borrowing limits . system energy has also obtained an order from the ferc authorizing long-term securities issuances . the current long-term authorization extends through july 2013 . system energy 2019s receivables from the money pool were as follows as of december 31 for each of the following years: . <table class='wikitable'><tr><td>1</td><td>2011</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>( in thousands )</td><td>( in thousands )</td><td>( in thousands )</td><td>( in thousands )</td></tr><tr><td>3</td><td>$ 120424</td><td>$ 97948</td><td>$ 90507</td><td>$ 42915</td></tr></table> see note 4 to the financial statements for a description of the money pool . nuclear matters system energy owns and operates grand gulf . system energy is , therefore , subject to the risks related to owning and operating a nuclear plant . these include risks from the use , storage , handling and disposal of high- level and low-level radioactive materials , regulatory requirement changes , including changes resulting from events at other plants , limitations on the amounts and types of insurance commercially available for losses in connection with nuclear operations , and technological and financial uncertainties related to decommissioning nuclear plants at the end of their licensed lives , including the sufficiency of funds in decommissioning trusts . in the event of an unanticipated early shutdown of grand gulf , system energy may be required to provide additional funds or credit support to satisfy regulatory requirements for decommissioning . after the nuclear incident in japan resulting from the march 2011 earthquake and tsunami , the nrc established a task force to conduct a review of processes and regulations relating to nuclear facilities in the united states . the task force issued a near term ( 90-day ) report in july 2011 that has made recommendations , which are currently being evaluated by the nrc . it is anticipated that the nrc will issue certain orders and requests for information to nuclear plant licensees by the end of the first quarter 2012 that will begin to implement the task force 2019s recommendations . these orders may require u.s . nuclear operators , including entergy , to undertake plant modifications or perform additional analyses that could , among other things , result in increased costs and capital requirements associated with operating entergy 2019s nuclear plants. .
Question: what is the system energy 2019s receivables from the money pool in 2011?
Answer: 120424.0
Question: what about in 2010?
Answer: 97948.0
Question: what is the total for 2010 and 2011?
| 218372.0 |
CONVFINQA6911 | 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.
system energy resources , inc . management 2019s financial discussion and analysis sources of capital system energy 2019s sources to meet its capital requirements include : internally generated funds ; cash on hand ; debt issuances ; and bank financing under new or existing facilities . system energy may refinance , redeem , or otherwise retire debt prior to maturity , to the extent market conditions and interest and dividend rates are favorable . all debt and common stock issuances by system energy require prior regulatory approval . debt issuances are also subject to issuance tests set forth in its bond indentures and other agreements . system energy has sufficient capacity under these tests to meet its foreseeable capital needs . in february 2012 , system energy vie issued $ 50 million of 4.02% ( 4.02 % ) series h notes due february 2017 . system energy used the proceeds to purchase additional nuclear fuel . system energy has obtained a short-term borrowing authorization from the ferc under which it may borrow , through october 2013 , up to the aggregate amount , at any one time outstanding , of $ 200 million . see note 4 to the financial statements for further discussion of system energy 2019s short-term borrowing limits . system energy has also obtained an order from the ferc authorizing long-term securities issuances . the current long-term authorization extends through july 2013 . system energy 2019s receivables from the money pool were as follows as of december 31 for each of the following years: . <table class='wikitable'><tr><td>1</td><td>2011</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>( in thousands )</td><td>( in thousands )</td><td>( in thousands )</td><td>( in thousands )</td></tr><tr><td>3</td><td>$ 120424</td><td>$ 97948</td><td>$ 90507</td><td>$ 42915</td></tr></table> see note 4 to the financial statements for a description of the money pool . nuclear matters system energy owns and operates grand gulf . system energy is , therefore , subject to the risks related to owning and operating a nuclear plant . these include risks from the use , storage , handling and disposal of high- level and low-level radioactive materials , regulatory requirement changes , including changes resulting from events at other plants , limitations on the amounts and types of insurance commercially available for losses in connection with nuclear operations , and technological and financial uncertainties related to decommissioning nuclear plants at the end of their licensed lives , including the sufficiency of funds in decommissioning trusts . in the event of an unanticipated early shutdown of grand gulf , system energy may be required to provide additional funds or credit support to satisfy regulatory requirements for decommissioning . after the nuclear incident in japan resulting from the march 2011 earthquake and tsunami , the nrc established a task force to conduct a review of processes and regulations relating to nuclear facilities in the united states . the task force issued a near term ( 90-day ) report in july 2011 that has made recommendations , which are currently being evaluated by the nrc . it is anticipated that the nrc will issue certain orders and requests for information to nuclear plant licensees by the end of the first quarter 2012 that will begin to implement the task force 2019s recommendations . these orders may require u.s . nuclear operators , including entergy , to undertake plant modifications or perform additional analyses that could , among other things , result in increased costs and capital requirements associated with operating entergy 2019s nuclear plants. .
Question: what is the system energy 2019s receivables from the money pool in 2011?
Answer: 120424.0
Question: what about in 2010?
Answer: 97948.0
Question: what is the total for 2010 and 2011?
Answer: 218372.0
Question: what about the system energy 2019s receivables from the money pool in 2009?
| 90507.0 |
CONVFINQA6912 | 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.
system energy resources , inc . management 2019s financial discussion and analysis sources of capital system energy 2019s sources to meet its capital requirements include : internally generated funds ; cash on hand ; debt issuances ; and bank financing under new or existing facilities . system energy may refinance , redeem , or otherwise retire debt prior to maturity , to the extent market conditions and interest and dividend rates are favorable . all debt and common stock issuances by system energy require prior regulatory approval . debt issuances are also subject to issuance tests set forth in its bond indentures and other agreements . system energy has sufficient capacity under these tests to meet its foreseeable capital needs . in february 2012 , system energy vie issued $ 50 million of 4.02% ( 4.02 % ) series h notes due february 2017 . system energy used the proceeds to purchase additional nuclear fuel . system energy has obtained a short-term borrowing authorization from the ferc under which it may borrow , through october 2013 , up to the aggregate amount , at any one time outstanding , of $ 200 million . see note 4 to the financial statements for further discussion of system energy 2019s short-term borrowing limits . system energy has also obtained an order from the ferc authorizing long-term securities issuances . the current long-term authorization extends through july 2013 . system energy 2019s receivables from the money pool were as follows as of december 31 for each of the following years: . <table class='wikitable'><tr><td>1</td><td>2011</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>( in thousands )</td><td>( in thousands )</td><td>( in thousands )</td><td>( in thousands )</td></tr><tr><td>3</td><td>$ 120424</td><td>$ 97948</td><td>$ 90507</td><td>$ 42915</td></tr></table> see note 4 to the financial statements for a description of the money pool . nuclear matters system energy owns and operates grand gulf . system energy is , therefore , subject to the risks related to owning and operating a nuclear plant . these include risks from the use , storage , handling and disposal of high- level and low-level radioactive materials , regulatory requirement changes , including changes resulting from events at other plants , limitations on the amounts and types of insurance commercially available for losses in connection with nuclear operations , and technological and financial uncertainties related to decommissioning nuclear plants at the end of their licensed lives , including the sufficiency of funds in decommissioning trusts . in the event of an unanticipated early shutdown of grand gulf , system energy may be required to provide additional funds or credit support to satisfy regulatory requirements for decommissioning . after the nuclear incident in japan resulting from the march 2011 earthquake and tsunami , the nrc established a task force to conduct a review of processes and regulations relating to nuclear facilities in the united states . the task force issued a near term ( 90-day ) report in july 2011 that has made recommendations , which are currently being evaluated by the nrc . it is anticipated that the nrc will issue certain orders and requests for information to nuclear plant licensees by the end of the first quarter 2012 that will begin to implement the task force 2019s recommendations . these orders may require u.s . nuclear operators , including entergy , to undertake plant modifications or perform additional analyses that could , among other things , result in increased costs and capital requirements associated with operating entergy 2019s nuclear plants. .
Question: what is the system energy 2019s receivables from the money pool in 2011?
Answer: 120424.0
Question: what about in 2010?
Answer: 97948.0
Question: what is the total for 2010 and 2011?
Answer: 218372.0
Question: what about the system energy 2019s receivables from the money pool in 2009?
Answer: 90507.0
Question: what about the total from 2009 to 2011?
| 308879.0 |
CONVFINQA6913 | 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.
citigroup 2019s repurchases are primarily from government sponsored entities . the specific representations and warranties made by the company depend on the nature of the transaction and the requirements of the buyer . market conditions and credit-ratings agency requirements may also affect representations and warranties and the other provisions the company may agree to in loan sales . in the event of a breach of the representations and warranties , the company may be required to either repurchase the mortgage loans ( generally at unpaid principal balance plus accrued interest ) with the identified defects or indemnify ( 201cmake-whole 201d ) the investor or insurer . the company has recorded a repurchase reserve that is included in other liabilities in the consolidated balance sheet . in the case of a repurchase , the company will bear any subsequent credit loss on the mortgage loans . the company 2019s representations and warranties are generally not subject to stated limits in amount or time of coverage . however , contractual liability arises only when the representations and warranties are breached and generally only when a loss results from the breach . in the case of a repurchase , the loan is typically considered a credit- impaired loan and accounted for under sop 03-3 , 201caccounting for certain loans and debt securities , acquired in a transfer 201d ( now incorporated into asc 310-30 , receivables 2014loans and debt securities acquired with deteriorated credit quality ) . these repurchases have not had a material impact on nonperforming loan statistics , because credit-impaired purchased sop 03-3 loans are not included in nonaccrual loans . the company estimates its exposure to losses from its obligation to repurchase previously sold loans based on the probability of repurchase or make-whole and an estimated loss given repurchase or make-whole . this estimate is calculated separately by sales vintage ( i.e. , the year the loans were sold ) based on a combination of historical trends and forecasted repurchases and losses considering the : ( 1 ) trends in requests by investors for loan documentation packages to be reviewed ; ( 2 ) trends in recent repurchases and make-wholes ; ( 3 ) historical percentage of claims made as a percentage of loan documentation package requests ; ( 4 ) success rate in appealing claims ; ( 5 ) inventory of unresolved claims ; and ( 6 ) estimated loss given repurchase or make-whole , including the loss of principal , accrued interest , and foreclosure costs . the company does not change its estimation methodology by counterparty , but the historical experience and trends are considered when evaluating the overall reserve . the request for loan documentation packages is an early indicator of a potential claim . during 2009 , loan documentation package requests and the level of outstanding claims increased . in addition , our loss severity estimates increased during 2009 due to the impact of macroeconomic factors and recent experience . these factors contributed to a $ 493 million change in estimate for this reserve in 2009 . as indicated above , the repurchase reserve is calculated by sales vintage . the majority of the repurchases in 2009 were from the 2006 and 2007 sales vintages , which also represent the vintages with the largest loss- given-repurchase . an insignificant percentage of 2009 repurchases were from vintages prior to 2006 , and this is expected to decrease , because those vintages are later in the credit cycle . although early in the credit cycle , the company has experienced improved repurchase and loss-given-repurchase statistics from the 2008 and 2009 vintages . in the case of a repurchase of a credit-impaired sop 03-3 loan ( now incorporated into asc 310-30 ) , the difference between the loan 2019s fair value and unpaid principal balance at the time of the repurchase is recorded as a utilization of the repurchase reserve . payments to make the investor whole are also treated as utilizations and charged directly against the reserve . the provision for estimated probable losses arising from loan sales is recorded as an adjustment to the gain on sale , which is included in other revenue in the consolidated statement of income . a liability for representations and warranties is estimated when the company sells loans and is updated quarterly . any subsequent adjustment to the provision is recorded in other revenue in the consolidated statement of income . the activity in the repurchase reserve for the years ended december 31 , 2009 and 2008 is as follows: . <table class='wikitable'><tr><td>1</td><td>in millions of dollars</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>balance beginning of the year</td><td>$ 75</td><td>$ 2</td></tr><tr><td>3</td><td>additions for new sales</td><td>33</td><td>23</td></tr><tr><td>4</td><td>change in estimate</td><td>493</td><td>59</td></tr><tr><td>5</td><td>utilizations</td><td>-119 ( 119 )</td><td>-9 ( 9 )</td></tr><tr><td>6</td><td>balance end of the year</td><td>$ 482</td><td>$ 75</td></tr></table> goodwill goodwill represents an acquired company 2019s acquisition cost over the fair value of net tangible and intangible assets acquired . goodwill is subject to annual impairment tests , whereby goodwill is allocated to the company 2019s reporting units and an impairment is deemed to exist if the carrying value of a reporting unit exceeds its estimated fair value . furthermore , on any business dispositions , goodwill is allocated to the business disposed of based on the ratio of the fair value of the business disposed of to the fair value of the reporting unit . intangible assets intangible assets 2014including core deposit intangibles , present value of future profits , purchased credit card relationships , other customer relationships , and other intangible assets , but excluding msrs 2014are amortized over their estimated useful lives . intangible assets deemed to have indefinite useful lives , primarily certain asset management contracts and trade names , are not amortized and are subject to annual impairment tests . an impairment exists if the carrying value of the indefinite-lived intangible asset exceeds its fair value . for other intangible assets subject to amortization , an impairment is recognized if the carrying amount is not recoverable and exceeds the fair value of the intangible asset . other assets and other liabilities other assets include , among other items , loans held-for-sale , deferred tax assets , equity-method investments , interest and fees receivable , premises and equipment , end-user derivatives in a net receivable position , repossessed assets , and other receivables. .
Question: what was the change in additions for new sales from 2008 to 2009, in millions?
| 10.0 |
CONVFINQA6914 | 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.
citigroup 2019s repurchases are primarily from government sponsored entities . the specific representations and warranties made by the company depend on the nature of the transaction and the requirements of the buyer . market conditions and credit-ratings agency requirements may also affect representations and warranties and the other provisions the company may agree to in loan sales . in the event of a breach of the representations and warranties , the company may be required to either repurchase the mortgage loans ( generally at unpaid principal balance plus accrued interest ) with the identified defects or indemnify ( 201cmake-whole 201d ) the investor or insurer . the company has recorded a repurchase reserve that is included in other liabilities in the consolidated balance sheet . in the case of a repurchase , the company will bear any subsequent credit loss on the mortgage loans . the company 2019s representations and warranties are generally not subject to stated limits in amount or time of coverage . however , contractual liability arises only when the representations and warranties are breached and generally only when a loss results from the breach . in the case of a repurchase , the loan is typically considered a credit- impaired loan and accounted for under sop 03-3 , 201caccounting for certain loans and debt securities , acquired in a transfer 201d ( now incorporated into asc 310-30 , receivables 2014loans and debt securities acquired with deteriorated credit quality ) . these repurchases have not had a material impact on nonperforming loan statistics , because credit-impaired purchased sop 03-3 loans are not included in nonaccrual loans . the company estimates its exposure to losses from its obligation to repurchase previously sold loans based on the probability of repurchase or make-whole and an estimated loss given repurchase or make-whole . this estimate is calculated separately by sales vintage ( i.e. , the year the loans were sold ) based on a combination of historical trends and forecasted repurchases and losses considering the : ( 1 ) trends in requests by investors for loan documentation packages to be reviewed ; ( 2 ) trends in recent repurchases and make-wholes ; ( 3 ) historical percentage of claims made as a percentage of loan documentation package requests ; ( 4 ) success rate in appealing claims ; ( 5 ) inventory of unresolved claims ; and ( 6 ) estimated loss given repurchase or make-whole , including the loss of principal , accrued interest , and foreclosure costs . the company does not change its estimation methodology by counterparty , but the historical experience and trends are considered when evaluating the overall reserve . the request for loan documentation packages is an early indicator of a potential claim . during 2009 , loan documentation package requests and the level of outstanding claims increased . in addition , our loss severity estimates increased during 2009 due to the impact of macroeconomic factors and recent experience . these factors contributed to a $ 493 million change in estimate for this reserve in 2009 . as indicated above , the repurchase reserve is calculated by sales vintage . the majority of the repurchases in 2009 were from the 2006 and 2007 sales vintages , which also represent the vintages with the largest loss- given-repurchase . an insignificant percentage of 2009 repurchases were from vintages prior to 2006 , and this is expected to decrease , because those vintages are later in the credit cycle . although early in the credit cycle , the company has experienced improved repurchase and loss-given-repurchase statistics from the 2008 and 2009 vintages . in the case of a repurchase of a credit-impaired sop 03-3 loan ( now incorporated into asc 310-30 ) , the difference between the loan 2019s fair value and unpaid principal balance at the time of the repurchase is recorded as a utilization of the repurchase reserve . payments to make the investor whole are also treated as utilizations and charged directly against the reserve . the provision for estimated probable losses arising from loan sales is recorded as an adjustment to the gain on sale , which is included in other revenue in the consolidated statement of income . a liability for representations and warranties is estimated when the company sells loans and is updated quarterly . any subsequent adjustment to the provision is recorded in other revenue in the consolidated statement of income . the activity in the repurchase reserve for the years ended december 31 , 2009 and 2008 is as follows: . <table class='wikitable'><tr><td>1</td><td>in millions of dollars</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>balance beginning of the year</td><td>$ 75</td><td>$ 2</td></tr><tr><td>3</td><td>additions for new sales</td><td>33</td><td>23</td></tr><tr><td>4</td><td>change in estimate</td><td>493</td><td>59</td></tr><tr><td>5</td><td>utilizations</td><td>-119 ( 119 )</td><td>-9 ( 9 )</td></tr><tr><td>6</td><td>balance end of the year</td><td>$ 482</td><td>$ 75</td></tr></table> goodwill goodwill represents an acquired company 2019s acquisition cost over the fair value of net tangible and intangible assets acquired . goodwill is subject to annual impairment tests , whereby goodwill is allocated to the company 2019s reporting units and an impairment is deemed to exist if the carrying value of a reporting unit exceeds its estimated fair value . furthermore , on any business dispositions , goodwill is allocated to the business disposed of based on the ratio of the fair value of the business disposed of to the fair value of the reporting unit . intangible assets intangible assets 2014including core deposit intangibles , present value of future profits , purchased credit card relationships , other customer relationships , and other intangible assets , but excluding msrs 2014are amortized over their estimated useful lives . intangible assets deemed to have indefinite useful lives , primarily certain asset management contracts and trade names , are not amortized and are subject to annual impairment tests . an impairment exists if the carrying value of the indefinite-lived intangible asset exceeds its fair value . for other intangible assets subject to amortization , an impairment is recognized if the carrying amount is not recoverable and exceeds the fair value of the intangible asset . other assets and other liabilities other assets include , among other items , loans held-for-sale , deferred tax assets , equity-method investments , interest and fees receivable , premises and equipment , end-user derivatives in a net receivable position , repossessed assets , and other receivables. .
Question: what was the change in additions for new sales from 2008 to 2009, in millions?
Answer: 10.0
Question: and what was the total of additions for new sales in the year of 2008, also in millions?
| 23.0 |
CONVFINQA6915 | 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.
citigroup 2019s repurchases are primarily from government sponsored entities . the specific representations and warranties made by the company depend on the nature of the transaction and the requirements of the buyer . market conditions and credit-ratings agency requirements may also affect representations and warranties and the other provisions the company may agree to in loan sales . in the event of a breach of the representations and warranties , the company may be required to either repurchase the mortgage loans ( generally at unpaid principal balance plus accrued interest ) with the identified defects or indemnify ( 201cmake-whole 201d ) the investor or insurer . the company has recorded a repurchase reserve that is included in other liabilities in the consolidated balance sheet . in the case of a repurchase , the company will bear any subsequent credit loss on the mortgage loans . the company 2019s representations and warranties are generally not subject to stated limits in amount or time of coverage . however , contractual liability arises only when the representations and warranties are breached and generally only when a loss results from the breach . in the case of a repurchase , the loan is typically considered a credit- impaired loan and accounted for under sop 03-3 , 201caccounting for certain loans and debt securities , acquired in a transfer 201d ( now incorporated into asc 310-30 , receivables 2014loans and debt securities acquired with deteriorated credit quality ) . these repurchases have not had a material impact on nonperforming loan statistics , because credit-impaired purchased sop 03-3 loans are not included in nonaccrual loans . the company estimates its exposure to losses from its obligation to repurchase previously sold loans based on the probability of repurchase or make-whole and an estimated loss given repurchase or make-whole . this estimate is calculated separately by sales vintage ( i.e. , the year the loans were sold ) based on a combination of historical trends and forecasted repurchases and losses considering the : ( 1 ) trends in requests by investors for loan documentation packages to be reviewed ; ( 2 ) trends in recent repurchases and make-wholes ; ( 3 ) historical percentage of claims made as a percentage of loan documentation package requests ; ( 4 ) success rate in appealing claims ; ( 5 ) inventory of unresolved claims ; and ( 6 ) estimated loss given repurchase or make-whole , including the loss of principal , accrued interest , and foreclosure costs . the company does not change its estimation methodology by counterparty , but the historical experience and trends are considered when evaluating the overall reserve . the request for loan documentation packages is an early indicator of a potential claim . during 2009 , loan documentation package requests and the level of outstanding claims increased . in addition , our loss severity estimates increased during 2009 due to the impact of macroeconomic factors and recent experience . these factors contributed to a $ 493 million change in estimate for this reserve in 2009 . as indicated above , the repurchase reserve is calculated by sales vintage . the majority of the repurchases in 2009 were from the 2006 and 2007 sales vintages , which also represent the vintages with the largest loss- given-repurchase . an insignificant percentage of 2009 repurchases were from vintages prior to 2006 , and this is expected to decrease , because those vintages are later in the credit cycle . although early in the credit cycle , the company has experienced improved repurchase and loss-given-repurchase statistics from the 2008 and 2009 vintages . in the case of a repurchase of a credit-impaired sop 03-3 loan ( now incorporated into asc 310-30 ) , the difference between the loan 2019s fair value and unpaid principal balance at the time of the repurchase is recorded as a utilization of the repurchase reserve . payments to make the investor whole are also treated as utilizations and charged directly against the reserve . the provision for estimated probable losses arising from loan sales is recorded as an adjustment to the gain on sale , which is included in other revenue in the consolidated statement of income . a liability for representations and warranties is estimated when the company sells loans and is updated quarterly . any subsequent adjustment to the provision is recorded in other revenue in the consolidated statement of income . the activity in the repurchase reserve for the years ended december 31 , 2009 and 2008 is as follows: . <table class='wikitable'><tr><td>1</td><td>in millions of dollars</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>balance beginning of the year</td><td>$ 75</td><td>$ 2</td></tr><tr><td>3</td><td>additions for new sales</td><td>33</td><td>23</td></tr><tr><td>4</td><td>change in estimate</td><td>493</td><td>59</td></tr><tr><td>5</td><td>utilizations</td><td>-119 ( 119 )</td><td>-9 ( 9 )</td></tr><tr><td>6</td><td>balance end of the year</td><td>$ 482</td><td>$ 75</td></tr></table> goodwill goodwill represents an acquired company 2019s acquisition cost over the fair value of net tangible and intangible assets acquired . goodwill is subject to annual impairment tests , whereby goodwill is allocated to the company 2019s reporting units and an impairment is deemed to exist if the carrying value of a reporting unit exceeds its estimated fair value . furthermore , on any business dispositions , goodwill is allocated to the business disposed of based on the ratio of the fair value of the business disposed of to the fair value of the reporting unit . intangible assets intangible assets 2014including core deposit intangibles , present value of future profits , purchased credit card relationships , other customer relationships , and other intangible assets , but excluding msrs 2014are amortized over their estimated useful lives . intangible assets deemed to have indefinite useful lives , primarily certain asset management contracts and trade names , are not amortized and are subject to annual impairment tests . an impairment exists if the carrying value of the indefinite-lived intangible asset exceeds its fair value . for other intangible assets subject to amortization , an impairment is recognized if the carrying amount is not recoverable and exceeds the fair value of the intangible asset . other assets and other liabilities other assets include , among other items , loans held-for-sale , deferred tax assets , equity-method investments , interest and fees receivable , premises and equipment , end-user derivatives in a net receivable position , repossessed assets , and other receivables. .
Question: what was the change in additions for new sales from 2008 to 2009, in millions?
Answer: 10.0
Question: and what was the total of additions for new sales in the year of 2008, also in millions?
Answer: 23.0
Question: how much, then, does that change represent in relation to this 2008 total, in percentage?
| 0.43478 |
CONVFINQA6916 | 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.
morgan stanley notes to consolidated financial statements 2014 ( continued ) consumer price index ) . senior debt also may be structured to be callable by the company or extendible at the option of holders of the senior debt securities . debt containing provisions that effectively allow the holders to put or extend the notes aggregated $ 1175 million at december 31 , 2013 and $ 1131 million at december 31 , 2012 . in addition , separate agreements are entered into by the company 2019s subsidiaries that effectively allow the holders to put the notes aggregated $ 353 million at december 31 , 2013 and $ 1895 million at december 31 , 2012 . subordinated debt and junior subordinated debentures generally are issued to meet the capital requirements of the company or its regulated subsidiaries and primarily are u.s . dollar denominated . senior debt 2014structured borrowings . the company 2019s index-linked , equity-linked or credit-linked borrowings include various structured instruments whose payments and redemption values are linked to the performance of a specific index ( e.g. , standard & poor 2019s 500 ) , a basket of stocks , a specific equity security , a credit exposure or basket of credit exposures . to minimize the exposure resulting from movements in the underlying index , equity , credit or other position , the company has entered into various swap contracts and purchased options that effectively convert the borrowing costs into floating rates based upon libor . these instruments are included in the preceding table at their redemption values based on the performance of the underlying indices , baskets of stocks , or specific equity securities , credit or other position or index . the company carries either the entire structured borrowing at fair value or bifurcates the embedded derivative and carries it at fair value . the swaps and purchased options used to economically hedge the embedded features are derivatives and also are carried at fair value . changes in fair value related to the notes and economic hedges are reported in trading revenues . see note 4 for further information on structured borrowings . subordinated debt and junior subordinated debentures . included in the company 2019s long-term borrowings are subordinated notes of $ 9275 million having a contractual weighted average coupon of 4.69% ( 4.69 % ) at december 31 , 2013 and $ 5845 million having a weighted average coupon of 4.81% ( 4.81 % ) at december 31 , 2012 . junior subordinated debentures outstanding by the company were $ 4849 million at december 31 , 2013 and $ 4827 million at december 31 , 2012 having a contractual weighted average coupon of 6.37% ( 6.37 % ) at both december 31 , 2013 and december 31 , 2012 . maturities of the subordinated and junior subordinated notes range from 2014 to 2067 . maturities of certain junior subordinated debentures can be extended to 2052 at the company 2019s option . asset and liability management . in general , securities inventories that are not financed by secured funding sources and the majority of the company 2019s assets are financed with a combination of deposits , short-term funding , floating rate long-term debt or fixed rate long-term debt swapped to a floating rate . fixed assets are generally financed with fixed rate long-term debt . the company uses interest rate swaps to more closely match these borrowings to the duration , holding period and interest rate characteristics of the assets being funded and to manage interest rate risk . these swaps effectively convert certain of the company 2019s fixed rate borrowings into floating rate obligations . in addition , for non-u.s . dollar currency borrowings that are not used to fund assets in the same currency , the company has entered into currency swaps that effectively convert the borrowings into u.s . dollar obligations . the company 2019s use of swaps for asset and liability management affected its effective average borrowing rate as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>weighted average coupon of long-term borrowings at period-end ( 1 )</td><td>4.4% ( 4.4 % )</td><td>4.4% ( 4.4 % )</td><td>4.0% ( 4.0 % )</td></tr><tr><td>3</td><td>effective average borrowing rate for long-term borrowings after swaps at period-end ( 1 )</td><td>2.2% ( 2.2 % )</td><td>2.3% ( 2.3 % )</td><td>1.9% ( 1.9 % )</td></tr></table> ( 1 ) included in the weighted average and effective average calculations are non-u.s . dollar interest rates . other . the company , through several of its subsidiaries , maintains funded and unfunded committed credit facilities to support various businesses , including the collateralized commercial and residential mortgage whole loan , derivative contracts , warehouse lending , emerging market loan , structured product , corporate loan , investment banking and prime brokerage businesses. .
Question: what was the effect in difference of average borrowing rate due to the use of swaps in 2013?
| 2.2 |
CONVFINQA6917 | 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.
morgan stanley notes to consolidated financial statements 2014 ( continued ) consumer price index ) . senior debt also may be structured to be callable by the company or extendible at the option of holders of the senior debt securities . debt containing provisions that effectively allow the holders to put or extend the notes aggregated $ 1175 million at december 31 , 2013 and $ 1131 million at december 31 , 2012 . in addition , separate agreements are entered into by the company 2019s subsidiaries that effectively allow the holders to put the notes aggregated $ 353 million at december 31 , 2013 and $ 1895 million at december 31 , 2012 . subordinated debt and junior subordinated debentures generally are issued to meet the capital requirements of the company or its regulated subsidiaries and primarily are u.s . dollar denominated . senior debt 2014structured borrowings . the company 2019s index-linked , equity-linked or credit-linked borrowings include various structured instruments whose payments and redemption values are linked to the performance of a specific index ( e.g. , standard & poor 2019s 500 ) , a basket of stocks , a specific equity security , a credit exposure or basket of credit exposures . to minimize the exposure resulting from movements in the underlying index , equity , credit or other position , the company has entered into various swap contracts and purchased options that effectively convert the borrowing costs into floating rates based upon libor . these instruments are included in the preceding table at their redemption values based on the performance of the underlying indices , baskets of stocks , or specific equity securities , credit or other position or index . the company carries either the entire structured borrowing at fair value or bifurcates the embedded derivative and carries it at fair value . the swaps and purchased options used to economically hedge the embedded features are derivatives and also are carried at fair value . changes in fair value related to the notes and economic hedges are reported in trading revenues . see note 4 for further information on structured borrowings . subordinated debt and junior subordinated debentures . included in the company 2019s long-term borrowings are subordinated notes of $ 9275 million having a contractual weighted average coupon of 4.69% ( 4.69 % ) at december 31 , 2013 and $ 5845 million having a weighted average coupon of 4.81% ( 4.81 % ) at december 31 , 2012 . junior subordinated debentures outstanding by the company were $ 4849 million at december 31 , 2013 and $ 4827 million at december 31 , 2012 having a contractual weighted average coupon of 6.37% ( 6.37 % ) at both december 31 , 2013 and december 31 , 2012 . maturities of the subordinated and junior subordinated notes range from 2014 to 2067 . maturities of certain junior subordinated debentures can be extended to 2052 at the company 2019s option . asset and liability management . in general , securities inventories that are not financed by secured funding sources and the majority of the company 2019s assets are financed with a combination of deposits , short-term funding , floating rate long-term debt or fixed rate long-term debt swapped to a floating rate . fixed assets are generally financed with fixed rate long-term debt . the company uses interest rate swaps to more closely match these borrowings to the duration , holding period and interest rate characteristics of the assets being funded and to manage interest rate risk . these swaps effectively convert certain of the company 2019s fixed rate borrowings into floating rate obligations . in addition , for non-u.s . dollar currency borrowings that are not used to fund assets in the same currency , the company has entered into currency swaps that effectively convert the borrowings into u.s . dollar obligations . the company 2019s use of swaps for asset and liability management affected its effective average borrowing rate as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>weighted average coupon of long-term borrowings at period-end ( 1 )</td><td>4.4% ( 4.4 % )</td><td>4.4% ( 4.4 % )</td><td>4.0% ( 4.0 % )</td></tr><tr><td>3</td><td>effective average borrowing rate for long-term borrowings after swaps at period-end ( 1 )</td><td>2.2% ( 2.2 % )</td><td>2.3% ( 2.3 % )</td><td>1.9% ( 1.9 % )</td></tr></table> ( 1 ) included in the weighted average and effective average calculations are non-u.s . dollar interest rates . other . the company , through several of its subsidiaries , maintains funded and unfunded committed credit facilities to support various businesses , including the collateralized commercial and residential mortgage whole loan , derivative contracts , warehouse lending , emerging market loan , structured product , corporate loan , investment banking and prime brokerage businesses. .
Question: what was the effect in difference of average borrowing rate due to the use of swaps in 2013?
Answer: 2.2
Question: and in 2012?
| 2.1 |
CONVFINQA6918 | 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 ( continued ) liquidity and capital resources snap-on 2019s growth has historically been funded by a combination of cash provided by operating activities and debt financing . snap-on believes that its cash from operations and collections of finance receivables , coupled with its sources of borrowings and available cash on hand , are sufficient to fund its currently anticipated requirements for scheduled debt payments ( including the march 2014 repayment of $ 100.0 million of 5.85% ( 5.85 % ) unsecured notes upon maturity ) , payments of interest and dividends , new receivables originated by our financial services businesses , capital expenditures , working capital , restructuring activities , the funding of pension plans , and funding for additional share repurchases and acquisitions , if any . due to snap-on 2019s credit rating over the years , external funds have been available at an acceptable cost . as of the close of business on february 7 , 2014 , snap-on 2019s long-term debt and commercial paper were rated , respectively , a3 and p-2 by moody 2019s investors service ; a- and a-2 by standard & poor 2019s ; and a- and f2 by fitch ratings . snap-on believes that its current credit arrangements are sound and that the strength of its balance sheet affords the company the financial flexibility to respond to both internal growth opportunities and those available through acquisitions . however , snap-on cannot provide any assurances of the availability of future financing or the terms on which it might be available , or that its debt ratings may not decrease . the following discussion focuses on information included in the accompanying consolidated balance sheets . as of 2013 year end , working capital ( current assets less current liabilities ) of $ 1080.8 million increased $ 1.0 million from $ 1079.8 million as of 2012 year end . the following represents the company 2019s working capital position as of 2013 and 2012 year end : ( amounts in millions ) 2013 2012 . <table class='wikitable'><tr><td>1</td><td>( amounts in millions )</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>cash and cash equivalents</td><td>$ 217.6</td><td>$ 214.5</td></tr><tr><td>3</td><td>trade and other accounts receivable 2013 net</td><td>531.6</td><td>497.9</td></tr><tr><td>4</td><td>finance receivables 2013 net</td><td>374.6</td><td>323.1</td></tr><tr><td>5</td><td>contract receivables 2013 net</td><td>68.4</td><td>62.7</td></tr><tr><td>6</td><td>inventories 2013 net</td><td>434.4</td><td>404.2</td></tr><tr><td>7</td><td>other current assets</td><td>169.6</td><td>166.6</td></tr><tr><td>8</td><td>total current assets</td><td>1796.2</td><td>1669.0</td></tr><tr><td>9</td><td>notes payable and current maturities of long-term debt</td><td>-113.1 ( 113.1 )</td><td>-5.2 ( 5.2 )</td></tr><tr><td>10</td><td>accounts payable</td><td>-155.6 ( 155.6 )</td><td>-142.5 ( 142.5 )</td></tr><tr><td>11</td><td>other current liabilities</td><td>-446.7 ( 446.7 )</td><td>-441.5 ( 441.5 )</td></tr><tr><td>12</td><td>total current liabilities</td><td>-715.4 ( 715.4 )</td><td>-589.2 ( 589.2 )</td></tr><tr><td>13</td><td>working capital</td><td>$ 1080.8</td><td>$ 1079.8</td></tr></table> cash and cash equivalents of $ 217.6 million as of 2013 year end compared to cash and cash equivalents of $ 214.5 million at 2012 year end . the $ 3.1 million net increase in cash and cash equivalents includes the impacts of ( i ) $ 508.8 million of cash from collections of finance receivables ; ( ii ) $ 392.6 million of cash generated from operations , net of $ 24.3 million of discretionary cash contributions to the company 2019s pension plans ; ( iii ) $ 29.2 million of cash proceeds from stock purchase and option plan exercises ; and ( iv ) $ 8.4 million of cash proceeds from the sale of property and equipment . these increases in cash and cash equivalents were largely offset by ( i ) the funding of $ 651.3 million of new finance receivables ; ( ii ) dividend payments to shareholders of $ 92.0 million ; ( iii ) the repurchase of 926000 shares of the company 2019s common stock for $ 82.6 million ; ( iv ) the funding of $ 70.6 million of capital expenditures ; and ( v ) the may 2013 acquisition of challenger for a cash purchase price of $ 38.2 million . of the $ 217.6 million of cash and cash equivalents as of 2013 year end , $ 124.3 million was held outside of the united states . snap-on considers these non-u.s . funds as permanently invested in its foreign operations to ( i ) provide adequate working capital ; ( ii ) satisfy various regulatory requirements ; and/or ( iii ) take advantage of business expansion opportunities as they arise ; as such , the company does not presently expect to repatriate these funds to fund its u.s . operations or obligations . the repatriation of cash from certain foreign subsidiaries could have adverse net tax consequences on the company should snap-on be required to pay and record u.s . income taxes and foreign withholding taxes on funds that were previously considered permanently invested . alternatively , the repatriation of such cash from certain other foreign subsidiaries could result in favorable net tax consequences for the company . snap-on periodically evaluates opportunities to repatriate certain foreign cash amounts to the extent that it does not incur additional unfavorable net tax consequences . 46 snap-on incorporated .
Question: what was the net change in value of the balance of cash and cash equivalents from 2012 to 2013?
| 3.1 |
CONVFINQA6919 | 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 ( continued ) liquidity and capital resources snap-on 2019s growth has historically been funded by a combination of cash provided by operating activities and debt financing . snap-on believes that its cash from operations and collections of finance receivables , coupled with its sources of borrowings and available cash on hand , are sufficient to fund its currently anticipated requirements for scheduled debt payments ( including the march 2014 repayment of $ 100.0 million of 5.85% ( 5.85 % ) unsecured notes upon maturity ) , payments of interest and dividends , new receivables originated by our financial services businesses , capital expenditures , working capital , restructuring activities , the funding of pension plans , and funding for additional share repurchases and acquisitions , if any . due to snap-on 2019s credit rating over the years , external funds have been available at an acceptable cost . as of the close of business on february 7 , 2014 , snap-on 2019s long-term debt and commercial paper were rated , respectively , a3 and p-2 by moody 2019s investors service ; a- and a-2 by standard & poor 2019s ; and a- and f2 by fitch ratings . snap-on believes that its current credit arrangements are sound and that the strength of its balance sheet affords the company the financial flexibility to respond to both internal growth opportunities and those available through acquisitions . however , snap-on cannot provide any assurances of the availability of future financing or the terms on which it might be available , or that its debt ratings may not decrease . the following discussion focuses on information included in the accompanying consolidated balance sheets . as of 2013 year end , working capital ( current assets less current liabilities ) of $ 1080.8 million increased $ 1.0 million from $ 1079.8 million as of 2012 year end . the following represents the company 2019s working capital position as of 2013 and 2012 year end : ( amounts in millions ) 2013 2012 . <table class='wikitable'><tr><td>1</td><td>( amounts in millions )</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>cash and cash equivalents</td><td>$ 217.6</td><td>$ 214.5</td></tr><tr><td>3</td><td>trade and other accounts receivable 2013 net</td><td>531.6</td><td>497.9</td></tr><tr><td>4</td><td>finance receivables 2013 net</td><td>374.6</td><td>323.1</td></tr><tr><td>5</td><td>contract receivables 2013 net</td><td>68.4</td><td>62.7</td></tr><tr><td>6</td><td>inventories 2013 net</td><td>434.4</td><td>404.2</td></tr><tr><td>7</td><td>other current assets</td><td>169.6</td><td>166.6</td></tr><tr><td>8</td><td>total current assets</td><td>1796.2</td><td>1669.0</td></tr><tr><td>9</td><td>notes payable and current maturities of long-term debt</td><td>-113.1 ( 113.1 )</td><td>-5.2 ( 5.2 )</td></tr><tr><td>10</td><td>accounts payable</td><td>-155.6 ( 155.6 )</td><td>-142.5 ( 142.5 )</td></tr><tr><td>11</td><td>other current liabilities</td><td>-446.7 ( 446.7 )</td><td>-441.5 ( 441.5 )</td></tr><tr><td>12</td><td>total current liabilities</td><td>-715.4 ( 715.4 )</td><td>-589.2 ( 589.2 )</td></tr><tr><td>13</td><td>working capital</td><td>$ 1080.8</td><td>$ 1079.8</td></tr></table> cash and cash equivalents of $ 217.6 million as of 2013 year end compared to cash and cash equivalents of $ 214.5 million at 2012 year end . the $ 3.1 million net increase in cash and cash equivalents includes the impacts of ( i ) $ 508.8 million of cash from collections of finance receivables ; ( ii ) $ 392.6 million of cash generated from operations , net of $ 24.3 million of discretionary cash contributions to the company 2019s pension plans ; ( iii ) $ 29.2 million of cash proceeds from stock purchase and option plan exercises ; and ( iv ) $ 8.4 million of cash proceeds from the sale of property and equipment . these increases in cash and cash equivalents were largely offset by ( i ) the funding of $ 651.3 million of new finance receivables ; ( ii ) dividend payments to shareholders of $ 92.0 million ; ( iii ) the repurchase of 926000 shares of the company 2019s common stock for $ 82.6 million ; ( iv ) the funding of $ 70.6 million of capital expenditures ; and ( v ) the may 2013 acquisition of challenger for a cash purchase price of $ 38.2 million . of the $ 217.6 million of cash and cash equivalents as of 2013 year end , $ 124.3 million was held outside of the united states . snap-on considers these non-u.s . funds as permanently invested in its foreign operations to ( i ) provide adequate working capital ; ( ii ) satisfy various regulatory requirements ; and/or ( iii ) take advantage of business expansion opportunities as they arise ; as such , the company does not presently expect to repatriate these funds to fund its u.s . operations or obligations . the repatriation of cash from certain foreign subsidiaries could have adverse net tax consequences on the company should snap-on be required to pay and record u.s . income taxes and foreign withholding taxes on funds that were previously considered permanently invested . alternatively , the repatriation of such cash from certain other foreign subsidiaries could result in favorable net tax consequences for the company . snap-on periodically evaluates opportunities to repatriate certain foreign cash amounts to the extent that it does not incur additional unfavorable net tax consequences . 46 snap-on incorporated .
Question: what was the net change in value of the balance of cash and cash equivalents from 2012 to 2013?
Answer: 3.1
Question: what is that divided by the value in 2012?
| 0.01445 |
CONVFINQA6920 | 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 texas , inc . and subsidiaries management 2019s financial discussion and analysis gross operating revenues , fuel and purchased power expenses , and other regulatory charges gross operating revenues increased primarily due to the base rate increases and the volume/weather effect , as discussed above . fuel and purchased power expenses increased primarily due to an increase in demand coupled with an increase in deferred fuel expense as a result of lower fuel refunds in 2011 versus 2010 , partially offset by a decrease in the average market price of natural gas . other regulatory charges decreased primarily due to the distribution in the first quarter 2011 of $ 17.4 million to customers of the 2007 rough production cost equalization remedy receipts . see note 2 to the financial statements for further discussion of the rough production cost equalization proceedings . 2010 compared to 2009 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2010 to 2009 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2009 net revenue</td><td>$ 485.1</td></tr><tr><td>3</td><td>net wholesale revenue</td><td>27.7</td></tr><tr><td>4</td><td>volume/weather</td><td>27.2</td></tr><tr><td>5</td><td>rough production cost equalization</td><td>18.6</td></tr><tr><td>6</td><td>retail electric price</td><td>16.3</td></tr><tr><td>7</td><td>securitization transition charge</td><td>15.3</td></tr><tr><td>8</td><td>purchased power capacity</td><td>-44.3 ( 44.3 )</td></tr><tr><td>9</td><td>other</td><td>-5.7 ( 5.7 )</td></tr><tr><td>10</td><td>2010 net revenue</td><td>$ 540.2</td></tr></table> the net wholesale revenue variance is primarily due to increased sales to municipal and co-op customers due to the addition of new contracts . the volume/weather variance is primarily due to increased electricity usage primarily in the residential and commercial sectors , resulting from a 1.5% ( 1.5 % ) increase in customers , coupled with the effect of more favorable weather on residential sales . billed electricity usage increased a total of 777 gwh , or 5% ( 5 % ) . the rough production cost equalization variance is due to an additional $ 18.6 million allocation recorded in the second quarter of 2009 for 2007 rough production cost equalization receipts ordered by the puct to texas retail customers over what was originally allocated to entergy texas prior to the jurisdictional separation of entergy gulf states , inc . into entergy gulf states louisiana and entergy texas , effective december 2007 , as discussed in note 2 to the financial statements . the retail electric price variance is primarily due to rate actions , including an annual base rate increase of $ 59 million beginning august 2010 as a result of the settlement of the december 2009 rate case . see note 2 to the financial statements for further discussion of the rate case settlement . the securitization transition charge variance is due to the issuance of securitization bonds . in november 2009 , entergy texas restoration funding , llc , a company wholly-owned and consolidated by entergy texas , issued securitization bonds and with the proceeds 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 securitization transition charge is offset with a corresponding increase in interest on long-term debt with no impact on net income . see note 5 to the financial statements for further discussion of the securitization bond issuance. .
Question: what is the net revenue in 2010?
| 540.2 |
CONVFINQA6921 | 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 texas , inc . and subsidiaries management 2019s financial discussion and analysis gross operating revenues , fuel and purchased power expenses , and other regulatory charges gross operating revenues increased primarily due to the base rate increases and the volume/weather effect , as discussed above . fuel and purchased power expenses increased primarily due to an increase in demand coupled with an increase in deferred fuel expense as a result of lower fuel refunds in 2011 versus 2010 , partially offset by a decrease in the average market price of natural gas . other regulatory charges decreased primarily due to the distribution in the first quarter 2011 of $ 17.4 million to customers of the 2007 rough production cost equalization remedy receipts . see note 2 to the financial statements for further discussion of the rough production cost equalization proceedings . 2010 compared to 2009 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2010 to 2009 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2009 net revenue</td><td>$ 485.1</td></tr><tr><td>3</td><td>net wholesale revenue</td><td>27.7</td></tr><tr><td>4</td><td>volume/weather</td><td>27.2</td></tr><tr><td>5</td><td>rough production cost equalization</td><td>18.6</td></tr><tr><td>6</td><td>retail electric price</td><td>16.3</td></tr><tr><td>7</td><td>securitization transition charge</td><td>15.3</td></tr><tr><td>8</td><td>purchased power capacity</td><td>-44.3 ( 44.3 )</td></tr><tr><td>9</td><td>other</td><td>-5.7 ( 5.7 )</td></tr><tr><td>10</td><td>2010 net revenue</td><td>$ 540.2</td></tr></table> the net wholesale revenue variance is primarily due to increased sales to municipal and co-op customers due to the addition of new contracts . the volume/weather variance is primarily due to increased electricity usage primarily in the residential and commercial sectors , resulting from a 1.5% ( 1.5 % ) increase in customers , coupled with the effect of more favorable weather on residential sales . billed electricity usage increased a total of 777 gwh , or 5% ( 5 % ) . the rough production cost equalization variance is due to an additional $ 18.6 million allocation recorded in the second quarter of 2009 for 2007 rough production cost equalization receipts ordered by the puct to texas retail customers over what was originally allocated to entergy texas prior to the jurisdictional separation of entergy gulf states , inc . into entergy gulf states louisiana and entergy texas , effective december 2007 , as discussed in note 2 to the financial statements . the retail electric price variance is primarily due to rate actions , including an annual base rate increase of $ 59 million beginning august 2010 as a result of the settlement of the december 2009 rate case . see note 2 to the financial statements for further discussion of the rate case settlement . the securitization transition charge variance is due to the issuance of securitization bonds . in november 2009 , entergy texas restoration funding , llc , a company wholly-owned and consolidated by entergy texas , issued securitization bonds and with the proceeds 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 securitization transition charge is offset with a corresponding increase in interest on long-term debt with no impact on net income . see note 5 to the financial statements for further discussion of the securitization bond issuance. .
Question: what is the net revenue in 2010?
Answer: 540.2
Question: what about in 2009?
| 485.1 |
CONVFINQA6922 | 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 texas , inc . and subsidiaries management 2019s financial discussion and analysis gross operating revenues , fuel and purchased power expenses , and other regulatory charges gross operating revenues increased primarily due to the base rate increases and the volume/weather effect , as discussed above . fuel and purchased power expenses increased primarily due to an increase in demand coupled with an increase in deferred fuel expense as a result of lower fuel refunds in 2011 versus 2010 , partially offset by a decrease in the average market price of natural gas . other regulatory charges decreased primarily due to the distribution in the first quarter 2011 of $ 17.4 million to customers of the 2007 rough production cost equalization remedy receipts . see note 2 to the financial statements for further discussion of the rough production cost equalization proceedings . 2010 compared to 2009 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2010 to 2009 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2009 net revenue</td><td>$ 485.1</td></tr><tr><td>3</td><td>net wholesale revenue</td><td>27.7</td></tr><tr><td>4</td><td>volume/weather</td><td>27.2</td></tr><tr><td>5</td><td>rough production cost equalization</td><td>18.6</td></tr><tr><td>6</td><td>retail electric price</td><td>16.3</td></tr><tr><td>7</td><td>securitization transition charge</td><td>15.3</td></tr><tr><td>8</td><td>purchased power capacity</td><td>-44.3 ( 44.3 )</td></tr><tr><td>9</td><td>other</td><td>-5.7 ( 5.7 )</td></tr><tr><td>10</td><td>2010 net revenue</td><td>$ 540.2</td></tr></table> the net wholesale revenue variance is primarily due to increased sales to municipal and co-op customers due to the addition of new contracts . the volume/weather variance is primarily due to increased electricity usage primarily in the residential and commercial sectors , resulting from a 1.5% ( 1.5 % ) increase in customers , coupled with the effect of more favorable weather on residential sales . billed electricity usage increased a total of 777 gwh , or 5% ( 5 % ) . the rough production cost equalization variance is due to an additional $ 18.6 million allocation recorded in the second quarter of 2009 for 2007 rough production cost equalization receipts ordered by the puct to texas retail customers over what was originally allocated to entergy texas prior to the jurisdictional separation of entergy gulf states , inc . into entergy gulf states louisiana and entergy texas , effective december 2007 , as discussed in note 2 to the financial statements . the retail electric price variance is primarily due to rate actions , including an annual base rate increase of $ 59 million beginning august 2010 as a result of the settlement of the december 2009 rate case . see note 2 to the financial statements for further discussion of the rate case settlement . the securitization transition charge variance is due to the issuance of securitization bonds . in november 2009 , entergy texas restoration funding , llc , a company wholly-owned and consolidated by entergy texas , issued securitization bonds and with the proceeds 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 securitization transition charge is offset with a corresponding increase in interest on long-term debt with no impact on net income . see note 5 to the financial statements for further discussion of the securitization bond issuance. .
Question: what is the net revenue in 2010?
Answer: 540.2
Question: what about in 2009?
Answer: 485.1
Question: what is the net change?
| 55.1 |
CONVFINQA6923 | 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 texas , inc . and subsidiaries management 2019s financial discussion and analysis gross operating revenues , fuel and purchased power expenses , and other regulatory charges gross operating revenues increased primarily due to the base rate increases and the volume/weather effect , as discussed above . fuel and purchased power expenses increased primarily due to an increase in demand coupled with an increase in deferred fuel expense as a result of lower fuel refunds in 2011 versus 2010 , partially offset by a decrease in the average market price of natural gas . other regulatory charges decreased primarily due to the distribution in the first quarter 2011 of $ 17.4 million to customers of the 2007 rough production cost equalization remedy receipts . see note 2 to the financial statements for further discussion of the rough production cost equalization proceedings . 2010 compared to 2009 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2010 to 2009 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2009 net revenue</td><td>$ 485.1</td></tr><tr><td>3</td><td>net wholesale revenue</td><td>27.7</td></tr><tr><td>4</td><td>volume/weather</td><td>27.2</td></tr><tr><td>5</td><td>rough production cost equalization</td><td>18.6</td></tr><tr><td>6</td><td>retail electric price</td><td>16.3</td></tr><tr><td>7</td><td>securitization transition charge</td><td>15.3</td></tr><tr><td>8</td><td>purchased power capacity</td><td>-44.3 ( 44.3 )</td></tr><tr><td>9</td><td>other</td><td>-5.7 ( 5.7 )</td></tr><tr><td>10</td><td>2010 net revenue</td><td>$ 540.2</td></tr></table> the net wholesale revenue variance is primarily due to increased sales to municipal and co-op customers due to the addition of new contracts . the volume/weather variance is primarily due to increased electricity usage primarily in the residential and commercial sectors , resulting from a 1.5% ( 1.5 % ) increase in customers , coupled with the effect of more favorable weather on residential sales . billed electricity usage increased a total of 777 gwh , or 5% ( 5 % ) . the rough production cost equalization variance is due to an additional $ 18.6 million allocation recorded in the second quarter of 2009 for 2007 rough production cost equalization receipts ordered by the puct to texas retail customers over what was originally allocated to entergy texas prior to the jurisdictional separation of entergy gulf states , inc . into entergy gulf states louisiana and entergy texas , effective december 2007 , as discussed in note 2 to the financial statements . the retail electric price variance is primarily due to rate actions , including an annual base rate increase of $ 59 million beginning august 2010 as a result of the settlement of the december 2009 rate case . see note 2 to the financial statements for further discussion of the rate case settlement . the securitization transition charge variance is due to the issuance of securitization bonds . in november 2009 , entergy texas restoration funding , llc , a company wholly-owned and consolidated by entergy texas , issued securitization bonds and with the proceeds 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 securitization transition charge is offset with a corresponding increase in interest on long-term debt with no impact on net income . see note 5 to the financial statements for further discussion of the securitization bond issuance. .
Question: what is the net revenue in 2010?
Answer: 540.2
Question: what about in 2009?
Answer: 485.1
Question: what is the net change?
Answer: 55.1
Question: what is the net revenue in 2009?
| 485.1 |
CONVFINQA6924 | 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 texas , inc . and subsidiaries management 2019s financial discussion and analysis gross operating revenues , fuel and purchased power expenses , and other regulatory charges gross operating revenues increased primarily due to the base rate increases and the volume/weather effect , as discussed above . fuel and purchased power expenses increased primarily due to an increase in demand coupled with an increase in deferred fuel expense as a result of lower fuel refunds in 2011 versus 2010 , partially offset by a decrease in the average market price of natural gas . other regulatory charges decreased primarily due to the distribution in the first quarter 2011 of $ 17.4 million to customers of the 2007 rough production cost equalization remedy receipts . see note 2 to the financial statements for further discussion of the rough production cost equalization proceedings . 2010 compared to 2009 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2010 to 2009 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2009 net revenue</td><td>$ 485.1</td></tr><tr><td>3</td><td>net wholesale revenue</td><td>27.7</td></tr><tr><td>4</td><td>volume/weather</td><td>27.2</td></tr><tr><td>5</td><td>rough production cost equalization</td><td>18.6</td></tr><tr><td>6</td><td>retail electric price</td><td>16.3</td></tr><tr><td>7</td><td>securitization transition charge</td><td>15.3</td></tr><tr><td>8</td><td>purchased power capacity</td><td>-44.3 ( 44.3 )</td></tr><tr><td>9</td><td>other</td><td>-5.7 ( 5.7 )</td></tr><tr><td>10</td><td>2010 net revenue</td><td>$ 540.2</td></tr></table> the net wholesale revenue variance is primarily due to increased sales to municipal and co-op customers due to the addition of new contracts . the volume/weather variance is primarily due to increased electricity usage primarily in the residential and commercial sectors , resulting from a 1.5% ( 1.5 % ) increase in customers , coupled with the effect of more favorable weather on residential sales . billed electricity usage increased a total of 777 gwh , or 5% ( 5 % ) . the rough production cost equalization variance is due to an additional $ 18.6 million allocation recorded in the second quarter of 2009 for 2007 rough production cost equalization receipts ordered by the puct to texas retail customers over what was originally allocated to entergy texas prior to the jurisdictional separation of entergy gulf states , inc . into entergy gulf states louisiana and entergy texas , effective december 2007 , as discussed in note 2 to the financial statements . the retail electric price variance is primarily due to rate actions , including an annual base rate increase of $ 59 million beginning august 2010 as a result of the settlement of the december 2009 rate case . see note 2 to the financial statements for further discussion of the rate case settlement . the securitization transition charge variance is due to the issuance of securitization bonds . in november 2009 , entergy texas restoration funding , llc , a company wholly-owned and consolidated by entergy texas , issued securitization bonds and with the proceeds 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 securitization transition charge is offset with a corresponding increase in interest on long-term debt with no impact on net income . see note 5 to the financial statements for further discussion of the securitization bond issuance. .
Question: what is the net revenue in 2010?
Answer: 540.2
Question: what about in 2009?
Answer: 485.1
Question: what is the net change?
Answer: 55.1
Question: what is the net revenue in 2009?
Answer: 485.1
Question: what growth rate does this represent?
| 0.11358 |
CONVFINQA6925 | 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.
natural gas prices on average were lower in 2009 than in 2008 and in 2007 , with prices in 2008 hitting uniquely high levels . a significant portion of our natural gas production in the lower 48 states of the u.s . is sold at bid-week prices or first-of-month indices relative to our specific producing areas . a large portion of natural gas sales in alaska are subject to term contracts . our other major natural gas-producing regions are europe and equatorial guinea , where large portions of our natural gas sales are also subject to term contracts , making realized prices in these areas less volatile . as we sell larger quantities of natural gas from these regions , to the extent that these fixed prices are lower than prevailing prices , our reported average natural gas prices realizations may be less than benchmark natural gas prices . oil sands mining oil sands mining segment revenues correlate with prevailing market prices for the various qualities of synthetic crude oil and vacuum gas oil we produce . roughly two-thirds of the normal output mix will track movements in wti and one-third will track movements in the canadian heavy sour crude oil marker , primarily western canadian select . output mix can be impacted by operational problems or planned unit outages at the mine or the upgrader . the operating cost structure of the oil sands mining operations is predominantly fixed and therefore many of the costs incurred in times of full operation continue during production downtime . per-unit costs are sensitive to production rates . key variable costs are natural gas and diesel fuel , which track commodity markets such as the canadian aeco natural gas sales index and crude prices respectively . the table below shows average benchmark prices that impact both our revenues and variable costs. . <table class='wikitable'><tr><td>1</td><td>benchmark</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>wti crude oil ( dollars per barrel )</td><td>$ 62.09</td><td>$ 99.75</td><td>$ 72.41</td></tr><tr><td>3</td><td>western canadian select ( dollars per barrel ) ( a )</td><td>$ 52.13</td><td>$ 79.59</td><td>$ 49.60</td></tr><tr><td>4</td><td>aeco natural gas sales index ( dollars per mmbtu ) ( b )</td><td>$ 3.49</td><td>$ 7.74</td><td>$ 6.06</td></tr></table> western canadian select ( dollars per barrel ) ( a ) $ 52.13 $ 79.59 $ 49.60 aeco natural gas sales index ( dollars per mmbtu ) ( b ) $ 3.49 $ 7.74 $ 6.06 ( a ) monthly pricing based upon average wti adjusted for differentials unique to western canada . ( b ) alberta energy company day ahead index . integrated gas our integrated gas strategy is to link stranded natural gas resources with areas where a supply gap is emerging due to declining production and growing demand . our integrated gas operations include marketing and transportation of products manufactured from natural gas , such as lng and methanol , primarily in west africa , the u.s . and europe . our most significant lng investment is our 60 percent ownership in a production facility in equatorial guinea , which sells lng under a long-term contract at prices tied to henry hub natural gas prices . in 2009 , the gross sales from the plant were 3.9 million metric tonnes , while in 2008 , its first full year of operations , the plant sold 3.4 million metric tonnes . industry estimates of 2009 lng trade are approximately 185 million metric tonnes . more lng production facilities and tankers were under construction in 2009 . as a result of the sharp worldwide economic downturn in 2008 , continued weak economies are expected to lower natural gas consumption in various countries ; therefore , affecting near-term demand for lng . long-term lng supply continues to be in demand as markets seek the benefits of clean burning natural gas . market prices for lng are not reported or posted . in general , lng delivered to the u.s . is tied to henry hub prices and will track with changes in u.s . natural gas prices , while lng sold in europe and asia is indexed to crude oil prices and will track the movement of those prices . we own a 45 percent interest in a methanol plant located in equatorial guinea through our investment in ampco . gross sales of methanol from the plant totaled 960374 metric tonnes in 2009 and 792794 metric tonnes in 2008 . methanol demand has a direct impact on ampco 2019s earnings . because global demand for methanol is rather limited , changes in the supply-demand balance can have a significant impact on sales prices . the 2010 chemical markets associates , inc . estimates world demand for methanol in 2009 was 41 million metric tonnes . our plant capacity is 1.1 million , or about 3 percent of total demand . refining , marketing and transportation rm&t segment income depends largely on our refining and wholesale marketing gross margin , refinery throughputs and retail marketing gross margins for gasoline , distillates and merchandise. .
Question: what was the net change in value of the average price of the wti crude oil benchmark from 2008 to 2009?
| -37.66 |
CONVFINQA6926 | 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.
natural gas prices on average were lower in 2009 than in 2008 and in 2007 , with prices in 2008 hitting uniquely high levels . a significant portion of our natural gas production in the lower 48 states of the u.s . is sold at bid-week prices or first-of-month indices relative to our specific producing areas . a large portion of natural gas sales in alaska are subject to term contracts . our other major natural gas-producing regions are europe and equatorial guinea , where large portions of our natural gas sales are also subject to term contracts , making realized prices in these areas less volatile . as we sell larger quantities of natural gas from these regions , to the extent that these fixed prices are lower than prevailing prices , our reported average natural gas prices realizations may be less than benchmark natural gas prices . oil sands mining oil sands mining segment revenues correlate with prevailing market prices for the various qualities of synthetic crude oil and vacuum gas oil we produce . roughly two-thirds of the normal output mix will track movements in wti and one-third will track movements in the canadian heavy sour crude oil marker , primarily western canadian select . output mix can be impacted by operational problems or planned unit outages at the mine or the upgrader . the operating cost structure of the oil sands mining operations is predominantly fixed and therefore many of the costs incurred in times of full operation continue during production downtime . per-unit costs are sensitive to production rates . key variable costs are natural gas and diesel fuel , which track commodity markets such as the canadian aeco natural gas sales index and crude prices respectively . the table below shows average benchmark prices that impact both our revenues and variable costs. . <table class='wikitable'><tr><td>1</td><td>benchmark</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>wti crude oil ( dollars per barrel )</td><td>$ 62.09</td><td>$ 99.75</td><td>$ 72.41</td></tr><tr><td>3</td><td>western canadian select ( dollars per barrel ) ( a )</td><td>$ 52.13</td><td>$ 79.59</td><td>$ 49.60</td></tr><tr><td>4</td><td>aeco natural gas sales index ( dollars per mmbtu ) ( b )</td><td>$ 3.49</td><td>$ 7.74</td><td>$ 6.06</td></tr></table> western canadian select ( dollars per barrel ) ( a ) $ 52.13 $ 79.59 $ 49.60 aeco natural gas sales index ( dollars per mmbtu ) ( b ) $ 3.49 $ 7.74 $ 6.06 ( a ) monthly pricing based upon average wti adjusted for differentials unique to western canada . ( b ) alberta energy company day ahead index . integrated gas our integrated gas strategy is to link stranded natural gas resources with areas where a supply gap is emerging due to declining production and growing demand . our integrated gas operations include marketing and transportation of products manufactured from natural gas , such as lng and methanol , primarily in west africa , the u.s . and europe . our most significant lng investment is our 60 percent ownership in a production facility in equatorial guinea , which sells lng under a long-term contract at prices tied to henry hub natural gas prices . in 2009 , the gross sales from the plant were 3.9 million metric tonnes , while in 2008 , its first full year of operations , the plant sold 3.4 million metric tonnes . industry estimates of 2009 lng trade are approximately 185 million metric tonnes . more lng production facilities and tankers were under construction in 2009 . as a result of the sharp worldwide economic downturn in 2008 , continued weak economies are expected to lower natural gas consumption in various countries ; therefore , affecting near-term demand for lng . long-term lng supply continues to be in demand as markets seek the benefits of clean burning natural gas . market prices for lng are not reported or posted . in general , lng delivered to the u.s . is tied to henry hub prices and will track with changes in u.s . natural gas prices , while lng sold in europe and asia is indexed to crude oil prices and will track the movement of those prices . we own a 45 percent interest in a methanol plant located in equatorial guinea through our investment in ampco . gross sales of methanol from the plant totaled 960374 metric tonnes in 2009 and 792794 metric tonnes in 2008 . methanol demand has a direct impact on ampco 2019s earnings . because global demand for methanol is rather limited , changes in the supply-demand balance can have a significant impact on sales prices . the 2010 chemical markets associates , inc . estimates world demand for methanol in 2009 was 41 million metric tonnes . our plant capacity is 1.1 million , or about 3 percent of total demand . refining , marketing and transportation rm&t segment income depends largely on our refining and wholesale marketing gross margin , refinery throughputs and retail marketing gross margins for gasoline , distillates and merchandise. .
Question: what was the net change in value of the average price of the wti crude oil benchmark from 2008 to 2009?
Answer: -37.66
Question: what was the value in 2009?
| 99.75 |
CONVFINQA6927 | 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.
natural gas prices on average were lower in 2009 than in 2008 and in 2007 , with prices in 2008 hitting uniquely high levels . a significant portion of our natural gas production in the lower 48 states of the u.s . is sold at bid-week prices or first-of-month indices relative to our specific producing areas . a large portion of natural gas sales in alaska are subject to term contracts . our other major natural gas-producing regions are europe and equatorial guinea , where large portions of our natural gas sales are also subject to term contracts , making realized prices in these areas less volatile . as we sell larger quantities of natural gas from these regions , to the extent that these fixed prices are lower than prevailing prices , our reported average natural gas prices realizations may be less than benchmark natural gas prices . oil sands mining oil sands mining segment revenues correlate with prevailing market prices for the various qualities of synthetic crude oil and vacuum gas oil we produce . roughly two-thirds of the normal output mix will track movements in wti and one-third will track movements in the canadian heavy sour crude oil marker , primarily western canadian select . output mix can be impacted by operational problems or planned unit outages at the mine or the upgrader . the operating cost structure of the oil sands mining operations is predominantly fixed and therefore many of the costs incurred in times of full operation continue during production downtime . per-unit costs are sensitive to production rates . key variable costs are natural gas and diesel fuel , which track commodity markets such as the canadian aeco natural gas sales index and crude prices respectively . the table below shows average benchmark prices that impact both our revenues and variable costs. . <table class='wikitable'><tr><td>1</td><td>benchmark</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>wti crude oil ( dollars per barrel )</td><td>$ 62.09</td><td>$ 99.75</td><td>$ 72.41</td></tr><tr><td>3</td><td>western canadian select ( dollars per barrel ) ( a )</td><td>$ 52.13</td><td>$ 79.59</td><td>$ 49.60</td></tr><tr><td>4</td><td>aeco natural gas sales index ( dollars per mmbtu ) ( b )</td><td>$ 3.49</td><td>$ 7.74</td><td>$ 6.06</td></tr></table> western canadian select ( dollars per barrel ) ( a ) $ 52.13 $ 79.59 $ 49.60 aeco natural gas sales index ( dollars per mmbtu ) ( b ) $ 3.49 $ 7.74 $ 6.06 ( a ) monthly pricing based upon average wti adjusted for differentials unique to western canada . ( b ) alberta energy company day ahead index . integrated gas our integrated gas strategy is to link stranded natural gas resources with areas where a supply gap is emerging due to declining production and growing demand . our integrated gas operations include marketing and transportation of products manufactured from natural gas , such as lng and methanol , primarily in west africa , the u.s . and europe . our most significant lng investment is our 60 percent ownership in a production facility in equatorial guinea , which sells lng under a long-term contract at prices tied to henry hub natural gas prices . in 2009 , the gross sales from the plant were 3.9 million metric tonnes , while in 2008 , its first full year of operations , the plant sold 3.4 million metric tonnes . industry estimates of 2009 lng trade are approximately 185 million metric tonnes . more lng production facilities and tankers were under construction in 2009 . as a result of the sharp worldwide economic downturn in 2008 , continued weak economies are expected to lower natural gas consumption in various countries ; therefore , affecting near-term demand for lng . long-term lng supply continues to be in demand as markets seek the benefits of clean burning natural gas . market prices for lng are not reported or posted . in general , lng delivered to the u.s . is tied to henry hub prices and will track with changes in u.s . natural gas prices , while lng sold in europe and asia is indexed to crude oil prices and will track the movement of those prices . we own a 45 percent interest in a methanol plant located in equatorial guinea through our investment in ampco . gross sales of methanol from the plant totaled 960374 metric tonnes in 2009 and 792794 metric tonnes in 2008 . methanol demand has a direct impact on ampco 2019s earnings . because global demand for methanol is rather limited , changes in the supply-demand balance can have a significant impact on sales prices . the 2010 chemical markets associates , inc . estimates world demand for methanol in 2009 was 41 million metric tonnes . our plant capacity is 1.1 million , or about 3 percent of total demand . refining , marketing and transportation rm&t segment income depends largely on our refining and wholesale marketing gross margin , refinery throughputs and retail marketing gross margins for gasoline , distillates and merchandise. .
Question: what was the net change in value of the average price of the wti crude oil benchmark from 2008 to 2009?
Answer: -37.66
Question: what was the value in 2009?
Answer: 99.75
Question: what was the percent decrease?
| -0.37754 |
CONVFINQA6928 | 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 11 2013 stock-based compensation during 2014 , 2013 and 2012 , we recorded non-cash stock-based compensation expense totaling $ 164 million , $ 189 million and $ 167 million , which is included as a component of other unallocated , net on our statements of earnings . the net impact to earnings for the respective years was $ 107 million , $ 122 million and $ 108 million . as of december 31 , 2014 , we had $ 91 million of unrecognized compensation cost related to nonvested awards , which is expected to be recognized over a weighted average period of 1.6 years . we received cash from the exercise of stock options totaling $ 308 million , $ 827 million and $ 440 million during 2014 , 2013 and 2012 . in addition , our income tax liabilities for 2014 , 2013 and 2012 were reduced by $ 215 million , $ 158 million , $ 96 million due to recognized tax benefits on stock-based compensation arrangements . stock-based compensation plans under plans approved by our stockholders , we are authorized to grant key employees stock-based incentive awards , including options to purchase common stock , stock appreciation rights , restricted stock units ( rsus ) , performance stock units ( psus ) or other stock units . the exercise price of options to purchase common stock may not be less than the fair market value of our stock on the date of grant . no award of stock options may become fully vested prior to the third anniversary of the grant and no portion of a stock option grant may become vested in less than one year . the minimum vesting period for restricted stock or stock units payable in stock is three years . award agreements may provide for shorter or pro-rated vesting periods or vesting following termination of employment in the case of death , disability , divestiture , retirement , change of control or layoff . the maximum term of a stock option or any other award is 10 years . at december 31 , 2014 , inclusive of the shares reserved for outstanding stock options , rsus and psus , we had 19 million shares reserved for issuance under the plans . at december 31 , 2014 , 7.8 million of the shares reserved for issuance remained available for grant under our stock-based compensation plans . we issue new shares upon the exercise of stock options or when restrictions on rsus and psus have been satisfied . the following table summarizes activity related to nonvested rsus during 2014 : number of rsus ( in thousands ) weighted average grant-date fair value per share . <table class='wikitable'><tr><td>1</td><td>-</td><td>number of rsus ( in thousands )</td><td>weighted average grant-date fair value pershare</td></tr><tr><td>2</td><td>nonvested at december 31 2011</td><td>4302</td><td>$ 78.25</td></tr><tr><td>3</td><td>granted</td><td>1987</td><td>81.93</td></tr><tr><td>4</td><td>vested</td><td>-1299 ( 1299 )</td><td>80.64</td></tr><tr><td>5</td><td>forfeited</td><td>-168 ( 168 )</td><td>79.03</td></tr><tr><td>6</td><td>nonvested at december 31 2012</td><td>4822</td><td>$ 79.10</td></tr><tr><td>7</td><td>granted</td><td>1356</td><td>89.24</td></tr><tr><td>8</td><td>vested</td><td>-2093 ( 2093 )</td><td>79.26</td></tr><tr><td>9</td><td>forfeited</td><td>-226 ( 226 )</td><td>81.74</td></tr><tr><td>10</td><td>nonvested at december 31 2013</td><td>3859</td><td>$ 82.42</td></tr><tr><td>11</td><td>granted</td><td>745</td><td>146.85</td></tr><tr><td>12</td><td>vested</td><td>-2194 ( 2194 )</td><td>87.66</td></tr><tr><td>13</td><td>forfeited</td><td>-84 ( 84 )</td><td>91.11</td></tr><tr><td>14</td><td>nonvested at december 31 2014</td><td>2326</td><td>$ 97.80</td></tr></table> rsus are valued based on the fair value of our common stock on the date of grant . employees who are granted rsus receive the right to receive shares of stock after completion of the vesting period ; however , the shares are not issued and the employees cannot sell or transfer shares prior to vesting and have no voting rights until the rsus vest , generally three years from the date of the award . employees who are granted rsus receive dividend-equivalent cash payments only upon vesting . for these rsu awards , the grant-date fair value is equal to the closing market price of our common stock on the date of grant less a discount to reflect the delay in payment of dividend-equivalent cash payments . we recognize the grant-date fair value of rsus , less estimated forfeitures , as compensation expense ratably over the requisite service period , which beginning with the rsus granted in 2013 is shorter than the vesting period if the employee is retirement eligible on the date of grant or will become retirement eligible before the end of the vesting period. .
Question: what was the non-cash stock based compensation expense in 2014?
| 164.0 |
CONVFINQA6929 | 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 11 2013 stock-based compensation during 2014 , 2013 and 2012 , we recorded non-cash stock-based compensation expense totaling $ 164 million , $ 189 million and $ 167 million , which is included as a component of other unallocated , net on our statements of earnings . the net impact to earnings for the respective years was $ 107 million , $ 122 million and $ 108 million . as of december 31 , 2014 , we had $ 91 million of unrecognized compensation cost related to nonvested awards , which is expected to be recognized over a weighted average period of 1.6 years . we received cash from the exercise of stock options totaling $ 308 million , $ 827 million and $ 440 million during 2014 , 2013 and 2012 . in addition , our income tax liabilities for 2014 , 2013 and 2012 were reduced by $ 215 million , $ 158 million , $ 96 million due to recognized tax benefits on stock-based compensation arrangements . stock-based compensation plans under plans approved by our stockholders , we are authorized to grant key employees stock-based incentive awards , including options to purchase common stock , stock appreciation rights , restricted stock units ( rsus ) , performance stock units ( psus ) or other stock units . the exercise price of options to purchase common stock may not be less than the fair market value of our stock on the date of grant . no award of stock options may become fully vested prior to the third anniversary of the grant and no portion of a stock option grant may become vested in less than one year . the minimum vesting period for restricted stock or stock units payable in stock is three years . award agreements may provide for shorter or pro-rated vesting periods or vesting following termination of employment in the case of death , disability , divestiture , retirement , change of control or layoff . the maximum term of a stock option or any other award is 10 years . at december 31 , 2014 , inclusive of the shares reserved for outstanding stock options , rsus and psus , we had 19 million shares reserved for issuance under the plans . at december 31 , 2014 , 7.8 million of the shares reserved for issuance remained available for grant under our stock-based compensation plans . we issue new shares upon the exercise of stock options or when restrictions on rsus and psus have been satisfied . the following table summarizes activity related to nonvested rsus during 2014 : number of rsus ( in thousands ) weighted average grant-date fair value per share . <table class='wikitable'><tr><td>1</td><td>-</td><td>number of rsus ( in thousands )</td><td>weighted average grant-date fair value pershare</td></tr><tr><td>2</td><td>nonvested at december 31 2011</td><td>4302</td><td>$ 78.25</td></tr><tr><td>3</td><td>granted</td><td>1987</td><td>81.93</td></tr><tr><td>4</td><td>vested</td><td>-1299 ( 1299 )</td><td>80.64</td></tr><tr><td>5</td><td>forfeited</td><td>-168 ( 168 )</td><td>79.03</td></tr><tr><td>6</td><td>nonvested at december 31 2012</td><td>4822</td><td>$ 79.10</td></tr><tr><td>7</td><td>granted</td><td>1356</td><td>89.24</td></tr><tr><td>8</td><td>vested</td><td>-2093 ( 2093 )</td><td>79.26</td></tr><tr><td>9</td><td>forfeited</td><td>-226 ( 226 )</td><td>81.74</td></tr><tr><td>10</td><td>nonvested at december 31 2013</td><td>3859</td><td>$ 82.42</td></tr><tr><td>11</td><td>granted</td><td>745</td><td>146.85</td></tr><tr><td>12</td><td>vested</td><td>-2194 ( 2194 )</td><td>87.66</td></tr><tr><td>13</td><td>forfeited</td><td>-84 ( 84 )</td><td>91.11</td></tr><tr><td>14</td><td>nonvested at december 31 2014</td><td>2326</td><td>$ 97.80</td></tr></table> rsus are valued based on the fair value of our common stock on the date of grant . employees who are granted rsus receive the right to receive shares of stock after completion of the vesting period ; however , the shares are not issued and the employees cannot sell or transfer shares prior to vesting and have no voting rights until the rsus vest , generally three years from the date of the award . employees who are granted rsus receive dividend-equivalent cash payments only upon vesting . for these rsu awards , the grant-date fair value is equal to the closing market price of our common stock on the date of grant less a discount to reflect the delay in payment of dividend-equivalent cash payments . we recognize the grant-date fair value of rsus , less estimated forfeitures , as compensation expense ratably over the requisite service period , which beginning with the rsus granted in 2013 is shorter than the vesting period if the employee is retirement eligible on the date of grant or will become retirement eligible before the end of the vesting period. .
Question: what was the non-cash stock based compensation expense in 2014?
Answer: 164.0
Question: what was it in 2013?
| 189.0 |
CONVFINQA6930 | 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 11 2013 stock-based compensation during 2014 , 2013 and 2012 , we recorded non-cash stock-based compensation expense totaling $ 164 million , $ 189 million and $ 167 million , which is included as a component of other unallocated , net on our statements of earnings . the net impact to earnings for the respective years was $ 107 million , $ 122 million and $ 108 million . as of december 31 , 2014 , we had $ 91 million of unrecognized compensation cost related to nonvested awards , which is expected to be recognized over a weighted average period of 1.6 years . we received cash from the exercise of stock options totaling $ 308 million , $ 827 million and $ 440 million during 2014 , 2013 and 2012 . in addition , our income tax liabilities for 2014 , 2013 and 2012 were reduced by $ 215 million , $ 158 million , $ 96 million due to recognized tax benefits on stock-based compensation arrangements . stock-based compensation plans under plans approved by our stockholders , we are authorized to grant key employees stock-based incentive awards , including options to purchase common stock , stock appreciation rights , restricted stock units ( rsus ) , performance stock units ( psus ) or other stock units . the exercise price of options to purchase common stock may not be less than the fair market value of our stock on the date of grant . no award of stock options may become fully vested prior to the third anniversary of the grant and no portion of a stock option grant may become vested in less than one year . the minimum vesting period for restricted stock or stock units payable in stock is three years . award agreements may provide for shorter or pro-rated vesting periods or vesting following termination of employment in the case of death , disability , divestiture , retirement , change of control or layoff . the maximum term of a stock option or any other award is 10 years . at december 31 , 2014 , inclusive of the shares reserved for outstanding stock options , rsus and psus , we had 19 million shares reserved for issuance under the plans . at december 31 , 2014 , 7.8 million of the shares reserved for issuance remained available for grant under our stock-based compensation plans . we issue new shares upon the exercise of stock options or when restrictions on rsus and psus have been satisfied . the following table summarizes activity related to nonvested rsus during 2014 : number of rsus ( in thousands ) weighted average grant-date fair value per share . <table class='wikitable'><tr><td>1</td><td>-</td><td>number of rsus ( in thousands )</td><td>weighted average grant-date fair value pershare</td></tr><tr><td>2</td><td>nonvested at december 31 2011</td><td>4302</td><td>$ 78.25</td></tr><tr><td>3</td><td>granted</td><td>1987</td><td>81.93</td></tr><tr><td>4</td><td>vested</td><td>-1299 ( 1299 )</td><td>80.64</td></tr><tr><td>5</td><td>forfeited</td><td>-168 ( 168 )</td><td>79.03</td></tr><tr><td>6</td><td>nonvested at december 31 2012</td><td>4822</td><td>$ 79.10</td></tr><tr><td>7</td><td>granted</td><td>1356</td><td>89.24</td></tr><tr><td>8</td><td>vested</td><td>-2093 ( 2093 )</td><td>79.26</td></tr><tr><td>9</td><td>forfeited</td><td>-226 ( 226 )</td><td>81.74</td></tr><tr><td>10</td><td>nonvested at december 31 2013</td><td>3859</td><td>$ 82.42</td></tr><tr><td>11</td><td>granted</td><td>745</td><td>146.85</td></tr><tr><td>12</td><td>vested</td><td>-2194 ( 2194 )</td><td>87.66</td></tr><tr><td>13</td><td>forfeited</td><td>-84 ( 84 )</td><td>91.11</td></tr><tr><td>14</td><td>nonvested at december 31 2014</td><td>2326</td><td>$ 97.80</td></tr></table> rsus are valued based on the fair value of our common stock on the date of grant . employees who are granted rsus receive the right to receive shares of stock after completion of the vesting period ; however , the shares are not issued and the employees cannot sell or transfer shares prior to vesting and have no voting rights until the rsus vest , generally three years from the date of the award . employees who are granted rsus receive dividend-equivalent cash payments only upon vesting . for these rsu awards , the grant-date fair value is equal to the closing market price of our common stock on the date of grant less a discount to reflect the delay in payment of dividend-equivalent cash payments . we recognize the grant-date fair value of rsus , less estimated forfeitures , as compensation expense ratably over the requisite service period , which beginning with the rsus granted in 2013 is shorter than the vesting period if the employee is retirement eligible on the date of grant or will become retirement eligible before the end of the vesting period. .
Question: what was the non-cash stock based compensation expense in 2014?
Answer: 164.0
Question: what was it in 2013?
Answer: 189.0
Question: what is the net change?
| -25.0 |
CONVFINQA6931 | 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 11 2013 stock-based compensation during 2014 , 2013 and 2012 , we recorded non-cash stock-based compensation expense totaling $ 164 million , $ 189 million and $ 167 million , which is included as a component of other unallocated , net on our statements of earnings . the net impact to earnings for the respective years was $ 107 million , $ 122 million and $ 108 million . as of december 31 , 2014 , we had $ 91 million of unrecognized compensation cost related to nonvested awards , which is expected to be recognized over a weighted average period of 1.6 years . we received cash from the exercise of stock options totaling $ 308 million , $ 827 million and $ 440 million during 2014 , 2013 and 2012 . in addition , our income tax liabilities for 2014 , 2013 and 2012 were reduced by $ 215 million , $ 158 million , $ 96 million due to recognized tax benefits on stock-based compensation arrangements . stock-based compensation plans under plans approved by our stockholders , we are authorized to grant key employees stock-based incentive awards , including options to purchase common stock , stock appreciation rights , restricted stock units ( rsus ) , performance stock units ( psus ) or other stock units . the exercise price of options to purchase common stock may not be less than the fair market value of our stock on the date of grant . no award of stock options may become fully vested prior to the third anniversary of the grant and no portion of a stock option grant may become vested in less than one year . the minimum vesting period for restricted stock or stock units payable in stock is three years . award agreements may provide for shorter or pro-rated vesting periods or vesting following termination of employment in the case of death , disability , divestiture , retirement , change of control or layoff . the maximum term of a stock option or any other award is 10 years . at december 31 , 2014 , inclusive of the shares reserved for outstanding stock options , rsus and psus , we had 19 million shares reserved for issuance under the plans . at december 31 , 2014 , 7.8 million of the shares reserved for issuance remained available for grant under our stock-based compensation plans . we issue new shares upon the exercise of stock options or when restrictions on rsus and psus have been satisfied . the following table summarizes activity related to nonvested rsus during 2014 : number of rsus ( in thousands ) weighted average grant-date fair value per share . <table class='wikitable'><tr><td>1</td><td>-</td><td>number of rsus ( in thousands )</td><td>weighted average grant-date fair value pershare</td></tr><tr><td>2</td><td>nonvested at december 31 2011</td><td>4302</td><td>$ 78.25</td></tr><tr><td>3</td><td>granted</td><td>1987</td><td>81.93</td></tr><tr><td>4</td><td>vested</td><td>-1299 ( 1299 )</td><td>80.64</td></tr><tr><td>5</td><td>forfeited</td><td>-168 ( 168 )</td><td>79.03</td></tr><tr><td>6</td><td>nonvested at december 31 2012</td><td>4822</td><td>$ 79.10</td></tr><tr><td>7</td><td>granted</td><td>1356</td><td>89.24</td></tr><tr><td>8</td><td>vested</td><td>-2093 ( 2093 )</td><td>79.26</td></tr><tr><td>9</td><td>forfeited</td><td>-226 ( 226 )</td><td>81.74</td></tr><tr><td>10</td><td>nonvested at december 31 2013</td><td>3859</td><td>$ 82.42</td></tr><tr><td>11</td><td>granted</td><td>745</td><td>146.85</td></tr><tr><td>12</td><td>vested</td><td>-2194 ( 2194 )</td><td>87.66</td></tr><tr><td>13</td><td>forfeited</td><td>-84 ( 84 )</td><td>91.11</td></tr><tr><td>14</td><td>nonvested at december 31 2014</td><td>2326</td><td>$ 97.80</td></tr></table> rsus are valued based on the fair value of our common stock on the date of grant . employees who are granted rsus receive the right to receive shares of stock after completion of the vesting period ; however , the shares are not issued and the employees cannot sell or transfer shares prior to vesting and have no voting rights until the rsus vest , generally three years from the date of the award . employees who are granted rsus receive dividend-equivalent cash payments only upon vesting . for these rsu awards , the grant-date fair value is equal to the closing market price of our common stock on the date of grant less a discount to reflect the delay in payment of dividend-equivalent cash payments . we recognize the grant-date fair value of rsus , less estimated forfeitures , as compensation expense ratably over the requisite service period , which beginning with the rsus granted in 2013 is shorter than the vesting period if the employee is retirement eligible on the date of grant or will become retirement eligible before the end of the vesting period. .
Question: what was the non-cash stock based compensation expense in 2014?
Answer: 164.0
Question: what was it in 2013?
Answer: 189.0
Question: what is the net change?
Answer: -25.0
Question: what was the 2013 value?
| 189.0 |
CONVFINQA6932 | 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 11 2013 stock-based compensation during 2014 , 2013 and 2012 , we recorded non-cash stock-based compensation expense totaling $ 164 million , $ 189 million and $ 167 million , which is included as a component of other unallocated , net on our statements of earnings . the net impact to earnings for the respective years was $ 107 million , $ 122 million and $ 108 million . as of december 31 , 2014 , we had $ 91 million of unrecognized compensation cost related to nonvested awards , which is expected to be recognized over a weighted average period of 1.6 years . we received cash from the exercise of stock options totaling $ 308 million , $ 827 million and $ 440 million during 2014 , 2013 and 2012 . in addition , our income tax liabilities for 2014 , 2013 and 2012 were reduced by $ 215 million , $ 158 million , $ 96 million due to recognized tax benefits on stock-based compensation arrangements . stock-based compensation plans under plans approved by our stockholders , we are authorized to grant key employees stock-based incentive awards , including options to purchase common stock , stock appreciation rights , restricted stock units ( rsus ) , performance stock units ( psus ) or other stock units . the exercise price of options to purchase common stock may not be less than the fair market value of our stock on the date of grant . no award of stock options may become fully vested prior to the third anniversary of the grant and no portion of a stock option grant may become vested in less than one year . the minimum vesting period for restricted stock or stock units payable in stock is three years . award agreements may provide for shorter or pro-rated vesting periods or vesting following termination of employment in the case of death , disability , divestiture , retirement , change of control or layoff . the maximum term of a stock option or any other award is 10 years . at december 31 , 2014 , inclusive of the shares reserved for outstanding stock options , rsus and psus , we had 19 million shares reserved for issuance under the plans . at december 31 , 2014 , 7.8 million of the shares reserved for issuance remained available for grant under our stock-based compensation plans . we issue new shares upon the exercise of stock options or when restrictions on rsus and psus have been satisfied . the following table summarizes activity related to nonvested rsus during 2014 : number of rsus ( in thousands ) weighted average grant-date fair value per share . <table class='wikitable'><tr><td>1</td><td>-</td><td>number of rsus ( in thousands )</td><td>weighted average grant-date fair value pershare</td></tr><tr><td>2</td><td>nonvested at december 31 2011</td><td>4302</td><td>$ 78.25</td></tr><tr><td>3</td><td>granted</td><td>1987</td><td>81.93</td></tr><tr><td>4</td><td>vested</td><td>-1299 ( 1299 )</td><td>80.64</td></tr><tr><td>5</td><td>forfeited</td><td>-168 ( 168 )</td><td>79.03</td></tr><tr><td>6</td><td>nonvested at december 31 2012</td><td>4822</td><td>$ 79.10</td></tr><tr><td>7</td><td>granted</td><td>1356</td><td>89.24</td></tr><tr><td>8</td><td>vested</td><td>-2093 ( 2093 )</td><td>79.26</td></tr><tr><td>9</td><td>forfeited</td><td>-226 ( 226 )</td><td>81.74</td></tr><tr><td>10</td><td>nonvested at december 31 2013</td><td>3859</td><td>$ 82.42</td></tr><tr><td>11</td><td>granted</td><td>745</td><td>146.85</td></tr><tr><td>12</td><td>vested</td><td>-2194 ( 2194 )</td><td>87.66</td></tr><tr><td>13</td><td>forfeited</td><td>-84 ( 84 )</td><td>91.11</td></tr><tr><td>14</td><td>nonvested at december 31 2014</td><td>2326</td><td>$ 97.80</td></tr></table> rsus are valued based on the fair value of our common stock on the date of grant . employees who are granted rsus receive the right to receive shares of stock after completion of the vesting period ; however , the shares are not issued and the employees cannot sell or transfer shares prior to vesting and have no voting rights until the rsus vest , generally three years from the date of the award . employees who are granted rsus receive dividend-equivalent cash payments only upon vesting . for these rsu awards , the grant-date fair value is equal to the closing market price of our common stock on the date of grant less a discount to reflect the delay in payment of dividend-equivalent cash payments . we recognize the grant-date fair value of rsus , less estimated forfeitures , as compensation expense ratably over the requisite service period , which beginning with the rsus granted in 2013 is shorter than the vesting period if the employee is retirement eligible on the date of grant or will become retirement eligible before the end of the vesting period. .
Question: what was the non-cash stock based compensation expense in 2014?
Answer: 164.0
Question: what was it in 2013?
Answer: 189.0
Question: what is the net change?
Answer: -25.0
Question: what was the 2013 value?
Answer: 189.0
Question: what is the net change divided by this value?
| -0.13228 |
CONVFINQA6933 | 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.
equity compensation plan information the following table presents the equity securities available for issuance under our equity compensation plans as of december 31 , 2013 . equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights ( 2 ) number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( a ) ( b ) ( c ) equity compensation plans approved by security holders 2956907 $ 35.01 2786760 equity compensation plans not approved by security holders ( 3 ) 2014 2014 2014 . <table class='wikitable'><tr><td>1</td><td>plan category</td><td>number of securities to be issued upon exercise of outstanding options warrants and rights ( 1 ) ( a ) ( b )</td><td>weighted-average exercise price of outstanding optionswarrants and rights ( 2 )</td><td>number of securities remaining available for future issuance under equity compensation plans ( excluding securitiesreflected in column ( a ) ) ( c )</td></tr><tr><td>2</td><td>equity compensation plans approved by security holders</td><td>2956907</td><td>$ 35.01</td><td>2786760</td></tr><tr><td>3</td><td>equity compensation plans not approved by security holders ( 3 )</td><td>2014</td><td>2014</td><td>2014</td></tr><tr><td>4</td><td>total</td><td>2956907</td><td>$ 35.01</td><td>2786760</td></tr></table> ( 1 ) includes grants made under the huntington ingalls industries , inc . 2012 long-term incentive stock plan ( the "2012 plan" ) , which was approved by our stockholders on may 2 , 2012 , and the huntington ingalls industries , inc . 2011 long-term incentive stock plan ( the "2011 plan" ) , which was approved by the sole stockholder of hii prior to its spin-off from northrop grumman corporation . of these shares , 818723 were subject to stock options , 1002217 were subject to outstanding restricted performance stock rights , 602400 were restricted stock rights , and 63022 were stock rights granted under the 2011 plan . in addition , this number includes 24428 stock rights and 446117 restricted performance stock rights granted under the 2012 plan , assuming target performance achievement . ( 2 ) this is the weighted average exercise price of the 818723 outstanding stock options only . ( 3 ) there are no awards made under plans not approved by security holders . item 13 . certain relationships and related transactions , and director independence information as to certain relationships and related transactions and director independence will be incorporated herein by reference to the proxy statement for our 2014 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year . item 14 . principal accountant fees and services information as to principal accountant fees and services will be incorporated herein by reference to the proxy statement for our 2014 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year. .
Question: what is the number of shares to be issued upon exercise of outstanding options warrants and rights is approved by security holders?
| 2956907.0 |
CONVFINQA6934 | 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.
equity compensation plan information the following table presents the equity securities available for issuance under our equity compensation plans as of december 31 , 2013 . equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights ( 2 ) number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( a ) ( b ) ( c ) equity compensation plans approved by security holders 2956907 $ 35.01 2786760 equity compensation plans not approved by security holders ( 3 ) 2014 2014 2014 . <table class='wikitable'><tr><td>1</td><td>plan category</td><td>number of securities to be issued upon exercise of outstanding options warrants and rights ( 1 ) ( a ) ( b )</td><td>weighted-average exercise price of outstanding optionswarrants and rights ( 2 )</td><td>number of securities remaining available for future issuance under equity compensation plans ( excluding securitiesreflected in column ( a ) ) ( c )</td></tr><tr><td>2</td><td>equity compensation plans approved by security holders</td><td>2956907</td><td>$ 35.01</td><td>2786760</td></tr><tr><td>3</td><td>equity compensation plans not approved by security holders ( 3 )</td><td>2014</td><td>2014</td><td>2014</td></tr><tr><td>4</td><td>total</td><td>2956907</td><td>$ 35.01</td><td>2786760</td></tr></table> ( 1 ) includes grants made under the huntington ingalls industries , inc . 2012 long-term incentive stock plan ( the "2012 plan" ) , which was approved by our stockholders on may 2 , 2012 , and the huntington ingalls industries , inc . 2011 long-term incentive stock plan ( the "2011 plan" ) , which was approved by the sole stockholder of hii prior to its spin-off from northrop grumman corporation . of these shares , 818723 were subject to stock options , 1002217 were subject to outstanding restricted performance stock rights , 602400 were restricted stock rights , and 63022 were stock rights granted under the 2011 plan . in addition , this number includes 24428 stock rights and 446117 restricted performance stock rights granted under the 2012 plan , assuming target performance achievement . ( 2 ) this is the weighted average exercise price of the 818723 outstanding stock options only . ( 3 ) there are no awards made under plans not approved by security holders . item 13 . certain relationships and related transactions , and director independence information as to certain relationships and related transactions and director independence will be incorporated herein by reference to the proxy statement for our 2014 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year . item 14 . principal accountant fees and services information as to principal accountant fees and services will be incorporated herein by reference to the proxy statement for our 2014 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year. .
Question: what is the number of shares to be issued upon exercise of outstanding options warrants and rights is approved by security holders?
Answer: 2956907.0
Question: what about the number of shares that remain available for future issuence?
| 2786760.0 |
CONVFINQA6935 | 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.
equity compensation plan information the following table presents the equity securities available for issuance under our equity compensation plans as of december 31 , 2013 . equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights ( 2 ) number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( a ) ( b ) ( c ) equity compensation plans approved by security holders 2956907 $ 35.01 2786760 equity compensation plans not approved by security holders ( 3 ) 2014 2014 2014 . <table class='wikitable'><tr><td>1</td><td>plan category</td><td>number of securities to be issued upon exercise of outstanding options warrants and rights ( 1 ) ( a ) ( b )</td><td>weighted-average exercise price of outstanding optionswarrants and rights ( 2 )</td><td>number of securities remaining available for future issuance under equity compensation plans ( excluding securitiesreflected in column ( a ) ) ( c )</td></tr><tr><td>2</td><td>equity compensation plans approved by security holders</td><td>2956907</td><td>$ 35.01</td><td>2786760</td></tr><tr><td>3</td><td>equity compensation plans not approved by security holders ( 3 )</td><td>2014</td><td>2014</td><td>2014</td></tr><tr><td>4</td><td>total</td><td>2956907</td><td>$ 35.01</td><td>2786760</td></tr></table> ( 1 ) includes grants made under the huntington ingalls industries , inc . 2012 long-term incentive stock plan ( the "2012 plan" ) , which was approved by our stockholders on may 2 , 2012 , and the huntington ingalls industries , inc . 2011 long-term incentive stock plan ( the "2011 plan" ) , which was approved by the sole stockholder of hii prior to its spin-off from northrop grumman corporation . of these shares , 818723 were subject to stock options , 1002217 were subject to outstanding restricted performance stock rights , 602400 were restricted stock rights , and 63022 were stock rights granted under the 2011 plan . in addition , this number includes 24428 stock rights and 446117 restricted performance stock rights granted under the 2012 plan , assuming target performance achievement . ( 2 ) this is the weighted average exercise price of the 818723 outstanding stock options only . ( 3 ) there are no awards made under plans not approved by security holders . item 13 . certain relationships and related transactions , and director independence information as to certain relationships and related transactions and director independence will be incorporated herein by reference to the proxy statement for our 2014 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year . item 14 . principal accountant fees and services information as to principal accountant fees and services will be incorporated herein by reference to the proxy statement for our 2014 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year. .
Question: what is the number of shares to be issued upon exercise of outstanding options warrants and rights is approved by security holders?
Answer: 2956907.0
Question: what about the number of shares that remain available for future issuence?
Answer: 2786760.0
Question: what about the total number approved by security holders?
| 5743667.0 |
CONVFINQA6936 | 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.
equity compensation plan information the following table presents the equity securities available for issuance under our equity compensation plans as of december 31 , 2013 . equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights ( 2 ) number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( a ) ( b ) ( c ) equity compensation plans approved by security holders 2956907 $ 35.01 2786760 equity compensation plans not approved by security holders ( 3 ) 2014 2014 2014 . <table class='wikitable'><tr><td>1</td><td>plan category</td><td>number of securities to be issued upon exercise of outstanding options warrants and rights ( 1 ) ( a ) ( b )</td><td>weighted-average exercise price of outstanding optionswarrants and rights ( 2 )</td><td>number of securities remaining available for future issuance under equity compensation plans ( excluding securitiesreflected in column ( a ) ) ( c )</td></tr><tr><td>2</td><td>equity compensation plans approved by security holders</td><td>2956907</td><td>$ 35.01</td><td>2786760</td></tr><tr><td>3</td><td>equity compensation plans not approved by security holders ( 3 )</td><td>2014</td><td>2014</td><td>2014</td></tr><tr><td>4</td><td>total</td><td>2956907</td><td>$ 35.01</td><td>2786760</td></tr></table> ( 1 ) includes grants made under the huntington ingalls industries , inc . 2012 long-term incentive stock plan ( the "2012 plan" ) , which was approved by our stockholders on may 2 , 2012 , and the huntington ingalls industries , inc . 2011 long-term incentive stock plan ( the "2011 plan" ) , which was approved by the sole stockholder of hii prior to its spin-off from northrop grumman corporation . of these shares , 818723 were subject to stock options , 1002217 were subject to outstanding restricted performance stock rights , 602400 were restricted stock rights , and 63022 were stock rights granted under the 2011 plan . in addition , this number includes 24428 stock rights and 446117 restricted performance stock rights granted under the 2012 plan , assuming target performance achievement . ( 2 ) this is the weighted average exercise price of the 818723 outstanding stock options only . ( 3 ) there are no awards made under plans not approved by security holders . item 13 . certain relationships and related transactions , and director independence information as to certain relationships and related transactions and director independence will be incorporated herein by reference to the proxy statement for our 2014 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year . item 14 . principal accountant fees and services information as to principal accountant fees and services will be incorporated herein by reference to the proxy statement for our 2014 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year. .
Question: what is the number of shares to be issued upon exercise of outstanding options warrants and rights is approved by security holders?
Answer: 2956907.0
Question: what about the number of shares that remain available for future issuence?
Answer: 2786760.0
Question: what about the total number approved by security holders?
Answer: 5743667.0
Question: what portion is to be issued upon exercise of outstanding options warrants and rights?
| 0.51481 |
CONVFINQA6937 | 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.
to determine stock-based compensation expense , the grant date fair value is applied to the options granted with a reduction for estimated forfeitures . we recognize compensation expense for stock options on a straight-line basis over the specified vesting period . at december 31 , 2013 and 2012 , options for 10204000 and 12759000 shares of common stock were exercisable at a weighted-average price of $ 89.46 and $ 90.86 , respectively . the total intrinsic value of options exercised during 2014 , 2013 and 2012 was $ 90 million , $ 86 million and $ 37 million , respectively . cash received from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 215 million , $ 208 million and $ 118 million , respectively . the tax benefit realized from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 33 million , $ 31 million and $ 14 million , respectively . shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 17997353 at december 31 , 2014 . total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 19017057 shares at december 31 , 2014 , which includes shares available for issuance under the incentive plans and the employee stock purchase plan ( espp ) as described below . during 2014 , we issued approximately 2.4 million shares from treasury stock in connection with stock option exercise activity . as with past exercise activity , we currently intend to utilize primarily treasury stock for any future stock option exercises . awards granted to non-employee directors in 2014 , 2013 and 2012 include 21490 , 27076 and 25620 deferred stock units , respectively , awarded under the outside directors deferred stock unit plan . a deferred stock unit is a phantom share of our common stock , which is accounted for as a liability until such awards are paid to the participants in cash . as there are no vesting or service requirements on these awards , total compensation expense is recognized in full for these awards on the date of grant . incentive/performance unit share awards and restricted stock/share unit awards the fair value of nonvested incentive/performance unit share awards and restricted stock/share unit awards is initially determined based on prices not less than the market value of our common stock on the date of grant . the value of certain incentive/performance unit share awards is subsequently remeasured based on the achievement of one or more financial and other performance goals . the personnel and compensation committee ( 201cp&cc 201d ) of the board of directors approves the final award payout with respect to certain incentive/performance unit share awards . these awards have either a three-year or a four-year performance period and are payable in either stock or a combination of stock and cash . restricted stock/share unit awards have various vesting periods generally ranging from 3 years to 5 years . beginning in 2013 , we incorporated several enhanced risk- related performance changes to certain long-term incentive compensation programs . in addition to achieving certain financial performance metrics on both an absolute basis and relative to our peers , final payout amounts will be subject to reduction if pnc fails to meet certain risk-related performance metrics as specified in the award agreements . however , the p&cc has the discretion to waive any or all of this reduction under certain circumstances . the weighted-average grant date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2014 , 2013 and 2012 was $ 80.79 , $ 64.77 and $ 60.68 per share , respectively . the total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2014 , 2013 and 2012 was approximately $ 119 million , $ 63 million and $ 55 million , respectively . we recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program . table 121 : nonvested incentive/performance unit share awards and restricted stock/share unit awards 2013 rollforward shares in thousands nonvested incentive/ performance unit shares weighted- average grant date fair value nonvested restricted stock/ weighted- average grant date fair value . <table class='wikitable'><tr><td>1</td><td>shares in thousands december 31 2013</td><td>nonvested incentive/ performance unit shares 1647</td><td>weighted-averagegrant datefair value $ 63.49</td><td>nonvested restricted stock/ share units 3483</td><td>weighted-averagegrant datefair value $ 62.70</td></tr><tr><td>2</td><td>granted</td><td>723</td><td>79.90</td><td>1276</td><td>81.29</td></tr><tr><td>3</td><td>vested/released</td><td>-513 ( 513 )</td><td>63.64</td><td>-962 ( 962 )</td><td>62.32</td></tr><tr><td>4</td><td>forfeited</td><td>-20 ( 20 )</td><td>69.18</td><td>-145 ( 145 )</td><td>69.44</td></tr><tr><td>5</td><td>december 31 2014</td><td>1837</td><td>$ 69.84</td><td>3652</td><td>$ 69.03</td></tr></table> the pnc financial services group , inc . 2013 form 10-k 185 .
Question: what was the tax benefit realized from option exercises under all incentive plans in 2014, in millions?
| 33.0 |
CONVFINQA6938 | 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.
to determine stock-based compensation expense , the grant date fair value is applied to the options granted with a reduction for estimated forfeitures . we recognize compensation expense for stock options on a straight-line basis over the specified vesting period . at december 31 , 2013 and 2012 , options for 10204000 and 12759000 shares of common stock were exercisable at a weighted-average price of $ 89.46 and $ 90.86 , respectively . the total intrinsic value of options exercised during 2014 , 2013 and 2012 was $ 90 million , $ 86 million and $ 37 million , respectively . cash received from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 215 million , $ 208 million and $ 118 million , respectively . the tax benefit realized from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 33 million , $ 31 million and $ 14 million , respectively . shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 17997353 at december 31 , 2014 . total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 19017057 shares at december 31 , 2014 , which includes shares available for issuance under the incentive plans and the employee stock purchase plan ( espp ) as described below . during 2014 , we issued approximately 2.4 million shares from treasury stock in connection with stock option exercise activity . as with past exercise activity , we currently intend to utilize primarily treasury stock for any future stock option exercises . awards granted to non-employee directors in 2014 , 2013 and 2012 include 21490 , 27076 and 25620 deferred stock units , respectively , awarded under the outside directors deferred stock unit plan . a deferred stock unit is a phantom share of our common stock , which is accounted for as a liability until such awards are paid to the participants in cash . as there are no vesting or service requirements on these awards , total compensation expense is recognized in full for these awards on the date of grant . incentive/performance unit share awards and restricted stock/share unit awards the fair value of nonvested incentive/performance unit share awards and restricted stock/share unit awards is initially determined based on prices not less than the market value of our common stock on the date of grant . the value of certain incentive/performance unit share awards is subsequently remeasured based on the achievement of one or more financial and other performance goals . the personnel and compensation committee ( 201cp&cc 201d ) of the board of directors approves the final award payout with respect to certain incentive/performance unit share awards . these awards have either a three-year or a four-year performance period and are payable in either stock or a combination of stock and cash . restricted stock/share unit awards have various vesting periods generally ranging from 3 years to 5 years . beginning in 2013 , we incorporated several enhanced risk- related performance changes to certain long-term incentive compensation programs . in addition to achieving certain financial performance metrics on both an absolute basis and relative to our peers , final payout amounts will be subject to reduction if pnc fails to meet certain risk-related performance metrics as specified in the award agreements . however , the p&cc has the discretion to waive any or all of this reduction under certain circumstances . the weighted-average grant date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2014 , 2013 and 2012 was $ 80.79 , $ 64.77 and $ 60.68 per share , respectively . the total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2014 , 2013 and 2012 was approximately $ 119 million , $ 63 million and $ 55 million , respectively . we recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program . table 121 : nonvested incentive/performance unit share awards and restricted stock/share unit awards 2013 rollforward shares in thousands nonvested incentive/ performance unit shares weighted- average grant date fair value nonvested restricted stock/ weighted- average grant date fair value . <table class='wikitable'><tr><td>1</td><td>shares in thousands december 31 2013</td><td>nonvested incentive/ performance unit shares 1647</td><td>weighted-averagegrant datefair value $ 63.49</td><td>nonvested restricted stock/ share units 3483</td><td>weighted-averagegrant datefair value $ 62.70</td></tr><tr><td>2</td><td>granted</td><td>723</td><td>79.90</td><td>1276</td><td>81.29</td></tr><tr><td>3</td><td>vested/released</td><td>-513 ( 513 )</td><td>63.64</td><td>-962 ( 962 )</td><td>62.32</td></tr><tr><td>4</td><td>forfeited</td><td>-20 ( 20 )</td><td>69.18</td><td>-145 ( 145 )</td><td>69.44</td></tr><tr><td>5</td><td>december 31 2014</td><td>1837</td><td>$ 69.84</td><td>3652</td><td>$ 69.03</td></tr></table> the pnc financial services group , inc . 2013 form 10-k 185 .
Question: what was the tax benefit realized from option exercises under all incentive plans in 2014, in millions?
Answer: 33.0
Question: and what was it in 2013, also in millions?
| 31.0 |
CONVFINQA6939 | 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.
to determine stock-based compensation expense , the grant date fair value is applied to the options granted with a reduction for estimated forfeitures . we recognize compensation expense for stock options on a straight-line basis over the specified vesting period . at december 31 , 2013 and 2012 , options for 10204000 and 12759000 shares of common stock were exercisable at a weighted-average price of $ 89.46 and $ 90.86 , respectively . the total intrinsic value of options exercised during 2014 , 2013 and 2012 was $ 90 million , $ 86 million and $ 37 million , respectively . cash received from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 215 million , $ 208 million and $ 118 million , respectively . the tax benefit realized from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 33 million , $ 31 million and $ 14 million , respectively . shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 17997353 at december 31 , 2014 . total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 19017057 shares at december 31 , 2014 , which includes shares available for issuance under the incentive plans and the employee stock purchase plan ( espp ) as described below . during 2014 , we issued approximately 2.4 million shares from treasury stock in connection with stock option exercise activity . as with past exercise activity , we currently intend to utilize primarily treasury stock for any future stock option exercises . awards granted to non-employee directors in 2014 , 2013 and 2012 include 21490 , 27076 and 25620 deferred stock units , respectively , awarded under the outside directors deferred stock unit plan . a deferred stock unit is a phantom share of our common stock , which is accounted for as a liability until such awards are paid to the participants in cash . as there are no vesting or service requirements on these awards , total compensation expense is recognized in full for these awards on the date of grant . incentive/performance unit share awards and restricted stock/share unit awards the fair value of nonvested incentive/performance unit share awards and restricted stock/share unit awards is initially determined based on prices not less than the market value of our common stock on the date of grant . the value of certain incentive/performance unit share awards is subsequently remeasured based on the achievement of one or more financial and other performance goals . the personnel and compensation committee ( 201cp&cc 201d ) of the board of directors approves the final award payout with respect to certain incentive/performance unit share awards . these awards have either a three-year or a four-year performance period and are payable in either stock or a combination of stock and cash . restricted stock/share unit awards have various vesting periods generally ranging from 3 years to 5 years . beginning in 2013 , we incorporated several enhanced risk- related performance changes to certain long-term incentive compensation programs . in addition to achieving certain financial performance metrics on both an absolute basis and relative to our peers , final payout amounts will be subject to reduction if pnc fails to meet certain risk-related performance metrics as specified in the award agreements . however , the p&cc has the discretion to waive any or all of this reduction under certain circumstances . the weighted-average grant date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2014 , 2013 and 2012 was $ 80.79 , $ 64.77 and $ 60.68 per share , respectively . the total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2014 , 2013 and 2012 was approximately $ 119 million , $ 63 million and $ 55 million , respectively . we recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program . table 121 : nonvested incentive/performance unit share awards and restricted stock/share unit awards 2013 rollforward shares in thousands nonvested incentive/ performance unit shares weighted- average grant date fair value nonvested restricted stock/ weighted- average grant date fair value . <table class='wikitable'><tr><td>1</td><td>shares in thousands december 31 2013</td><td>nonvested incentive/ performance unit shares 1647</td><td>weighted-averagegrant datefair value $ 63.49</td><td>nonvested restricted stock/ share units 3483</td><td>weighted-averagegrant datefair value $ 62.70</td></tr><tr><td>2</td><td>granted</td><td>723</td><td>79.90</td><td>1276</td><td>81.29</td></tr><tr><td>3</td><td>vested/released</td><td>-513 ( 513 )</td><td>63.64</td><td>-962 ( 962 )</td><td>62.32</td></tr><tr><td>4</td><td>forfeited</td><td>-20 ( 20 )</td><td>69.18</td><td>-145 ( 145 )</td><td>69.44</td></tr><tr><td>5</td><td>december 31 2014</td><td>1837</td><td>$ 69.84</td><td>3652</td><td>$ 69.03</td></tr></table> the pnc financial services group , inc . 2013 form 10-k 185 .
Question: what was the tax benefit realized from option exercises under all incentive plans in 2014, in millions?
Answer: 33.0
Question: and what was it in 2013, also in millions?
Answer: 31.0
Question: what was, then, in millions, the total tax of benefit realized from option exercises under all incentive plans for both years combined?
| 64.0 |
CONVFINQA6940 | 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.
to determine stock-based compensation expense , the grant date fair value is applied to the options granted with a reduction for estimated forfeitures . we recognize compensation expense for stock options on a straight-line basis over the specified vesting period . at december 31 , 2013 and 2012 , options for 10204000 and 12759000 shares of common stock were exercisable at a weighted-average price of $ 89.46 and $ 90.86 , respectively . the total intrinsic value of options exercised during 2014 , 2013 and 2012 was $ 90 million , $ 86 million and $ 37 million , respectively . cash received from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 215 million , $ 208 million and $ 118 million , respectively . the tax benefit realized from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 33 million , $ 31 million and $ 14 million , respectively . shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 17997353 at december 31 , 2014 . total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 19017057 shares at december 31 , 2014 , which includes shares available for issuance under the incentive plans and the employee stock purchase plan ( espp ) as described below . during 2014 , we issued approximately 2.4 million shares from treasury stock in connection with stock option exercise activity . as with past exercise activity , we currently intend to utilize primarily treasury stock for any future stock option exercises . awards granted to non-employee directors in 2014 , 2013 and 2012 include 21490 , 27076 and 25620 deferred stock units , respectively , awarded under the outside directors deferred stock unit plan . a deferred stock unit is a phantom share of our common stock , which is accounted for as a liability until such awards are paid to the participants in cash . as there are no vesting or service requirements on these awards , total compensation expense is recognized in full for these awards on the date of grant . incentive/performance unit share awards and restricted stock/share unit awards the fair value of nonvested incentive/performance unit share awards and restricted stock/share unit awards is initially determined based on prices not less than the market value of our common stock on the date of grant . the value of certain incentive/performance unit share awards is subsequently remeasured based on the achievement of one or more financial and other performance goals . the personnel and compensation committee ( 201cp&cc 201d ) of the board of directors approves the final award payout with respect to certain incentive/performance unit share awards . these awards have either a three-year or a four-year performance period and are payable in either stock or a combination of stock and cash . restricted stock/share unit awards have various vesting periods generally ranging from 3 years to 5 years . beginning in 2013 , we incorporated several enhanced risk- related performance changes to certain long-term incentive compensation programs . in addition to achieving certain financial performance metrics on both an absolute basis and relative to our peers , final payout amounts will be subject to reduction if pnc fails to meet certain risk-related performance metrics as specified in the award agreements . however , the p&cc has the discretion to waive any or all of this reduction under certain circumstances . the weighted-average grant date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2014 , 2013 and 2012 was $ 80.79 , $ 64.77 and $ 60.68 per share , respectively . the total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2014 , 2013 and 2012 was approximately $ 119 million , $ 63 million and $ 55 million , respectively . we recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program . table 121 : nonvested incentive/performance unit share awards and restricted stock/share unit awards 2013 rollforward shares in thousands nonvested incentive/ performance unit shares weighted- average grant date fair value nonvested restricted stock/ weighted- average grant date fair value . <table class='wikitable'><tr><td>1</td><td>shares in thousands december 31 2013</td><td>nonvested incentive/ performance unit shares 1647</td><td>weighted-averagegrant datefair value $ 63.49</td><td>nonvested restricted stock/ share units 3483</td><td>weighted-averagegrant datefair value $ 62.70</td></tr><tr><td>2</td><td>granted</td><td>723</td><td>79.90</td><td>1276</td><td>81.29</td></tr><tr><td>3</td><td>vested/released</td><td>-513 ( 513 )</td><td>63.64</td><td>-962 ( 962 )</td><td>62.32</td></tr><tr><td>4</td><td>forfeited</td><td>-20 ( 20 )</td><td>69.18</td><td>-145 ( 145 )</td><td>69.44</td></tr><tr><td>5</td><td>december 31 2014</td><td>1837</td><td>$ 69.84</td><td>3652</td><td>$ 69.03</td></tr></table> the pnc financial services group , inc . 2013 form 10-k 185 .
Question: what was the tax benefit realized from option exercises under all incentive plans in 2014, in millions?
Answer: 33.0
Question: and what was it in 2013, also in millions?
Answer: 31.0
Question: what was, then, in millions, the total tax of benefit realized from option exercises under all incentive plans for both years combined?
Answer: 64.0
Question: what was that tax benefit in 2012, in millions?
| 14.0 |
CONVFINQA6941 | 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.
to determine stock-based compensation expense , the grant date fair value is applied to the options granted with a reduction for estimated forfeitures . we recognize compensation expense for stock options on a straight-line basis over the specified vesting period . at december 31 , 2013 and 2012 , options for 10204000 and 12759000 shares of common stock were exercisable at a weighted-average price of $ 89.46 and $ 90.86 , respectively . the total intrinsic value of options exercised during 2014 , 2013 and 2012 was $ 90 million , $ 86 million and $ 37 million , respectively . cash received from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 215 million , $ 208 million and $ 118 million , respectively . the tax benefit realized from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 33 million , $ 31 million and $ 14 million , respectively . shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 17997353 at december 31 , 2014 . total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 19017057 shares at december 31 , 2014 , which includes shares available for issuance under the incentive plans and the employee stock purchase plan ( espp ) as described below . during 2014 , we issued approximately 2.4 million shares from treasury stock in connection with stock option exercise activity . as with past exercise activity , we currently intend to utilize primarily treasury stock for any future stock option exercises . awards granted to non-employee directors in 2014 , 2013 and 2012 include 21490 , 27076 and 25620 deferred stock units , respectively , awarded under the outside directors deferred stock unit plan . a deferred stock unit is a phantom share of our common stock , which is accounted for as a liability until such awards are paid to the participants in cash . as there are no vesting or service requirements on these awards , total compensation expense is recognized in full for these awards on the date of grant . incentive/performance unit share awards and restricted stock/share unit awards the fair value of nonvested incentive/performance unit share awards and restricted stock/share unit awards is initially determined based on prices not less than the market value of our common stock on the date of grant . the value of certain incentive/performance unit share awards is subsequently remeasured based on the achievement of one or more financial and other performance goals . the personnel and compensation committee ( 201cp&cc 201d ) of the board of directors approves the final award payout with respect to certain incentive/performance unit share awards . these awards have either a three-year or a four-year performance period and are payable in either stock or a combination of stock and cash . restricted stock/share unit awards have various vesting periods generally ranging from 3 years to 5 years . beginning in 2013 , we incorporated several enhanced risk- related performance changes to certain long-term incentive compensation programs . in addition to achieving certain financial performance metrics on both an absolute basis and relative to our peers , final payout amounts will be subject to reduction if pnc fails to meet certain risk-related performance metrics as specified in the award agreements . however , the p&cc has the discretion to waive any or all of this reduction under certain circumstances . the weighted-average grant date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2014 , 2013 and 2012 was $ 80.79 , $ 64.77 and $ 60.68 per share , respectively . the total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2014 , 2013 and 2012 was approximately $ 119 million , $ 63 million and $ 55 million , respectively . we recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program . table 121 : nonvested incentive/performance unit share awards and restricted stock/share unit awards 2013 rollforward shares in thousands nonvested incentive/ performance unit shares weighted- average grant date fair value nonvested restricted stock/ weighted- average grant date fair value . <table class='wikitable'><tr><td>1</td><td>shares in thousands december 31 2013</td><td>nonvested incentive/ performance unit shares 1647</td><td>weighted-averagegrant datefair value $ 63.49</td><td>nonvested restricted stock/ share units 3483</td><td>weighted-averagegrant datefair value $ 62.70</td></tr><tr><td>2</td><td>granted</td><td>723</td><td>79.90</td><td>1276</td><td>81.29</td></tr><tr><td>3</td><td>vested/released</td><td>-513 ( 513 )</td><td>63.64</td><td>-962 ( 962 )</td><td>62.32</td></tr><tr><td>4</td><td>forfeited</td><td>-20 ( 20 )</td><td>69.18</td><td>-145 ( 145 )</td><td>69.44</td></tr><tr><td>5</td><td>december 31 2014</td><td>1837</td><td>$ 69.84</td><td>3652</td><td>$ 69.03</td></tr></table> the pnc financial services group , inc . 2013 form 10-k 185 .
Question: what was the tax benefit realized from option exercises under all incentive plans in 2014, in millions?
Answer: 33.0
Question: and what was it in 2013, also in millions?
Answer: 31.0
Question: what was, then, in millions, the total tax of benefit realized from option exercises under all incentive plans for both years combined?
Answer: 64.0
Question: what was that tax benefit in 2012, in millions?
Answer: 14.0
Question: including, then, 2012, what then becomes that total of tax benefit realized from option exercises under all incentive plans, in millions?
| 78.0 |
CONVFINQA6942 | 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.
to determine stock-based compensation expense , the grant date fair value is applied to the options granted with a reduction for estimated forfeitures . we recognize compensation expense for stock options on a straight-line basis over the specified vesting period . at december 31 , 2013 and 2012 , options for 10204000 and 12759000 shares of common stock were exercisable at a weighted-average price of $ 89.46 and $ 90.86 , respectively . the total intrinsic value of options exercised during 2014 , 2013 and 2012 was $ 90 million , $ 86 million and $ 37 million , respectively . cash received from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 215 million , $ 208 million and $ 118 million , respectively . the tax benefit realized from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 33 million , $ 31 million and $ 14 million , respectively . shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 17997353 at december 31 , 2014 . total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 19017057 shares at december 31 , 2014 , which includes shares available for issuance under the incentive plans and the employee stock purchase plan ( espp ) as described below . during 2014 , we issued approximately 2.4 million shares from treasury stock in connection with stock option exercise activity . as with past exercise activity , we currently intend to utilize primarily treasury stock for any future stock option exercises . awards granted to non-employee directors in 2014 , 2013 and 2012 include 21490 , 27076 and 25620 deferred stock units , respectively , awarded under the outside directors deferred stock unit plan . a deferred stock unit is a phantom share of our common stock , which is accounted for as a liability until such awards are paid to the participants in cash . as there are no vesting or service requirements on these awards , total compensation expense is recognized in full for these awards on the date of grant . incentive/performance unit share awards and restricted stock/share unit awards the fair value of nonvested incentive/performance unit share awards and restricted stock/share unit awards is initially determined based on prices not less than the market value of our common stock on the date of grant . the value of certain incentive/performance unit share awards is subsequently remeasured based on the achievement of one or more financial and other performance goals . the personnel and compensation committee ( 201cp&cc 201d ) of the board of directors approves the final award payout with respect to certain incentive/performance unit share awards . these awards have either a three-year or a four-year performance period and are payable in either stock or a combination of stock and cash . restricted stock/share unit awards have various vesting periods generally ranging from 3 years to 5 years . beginning in 2013 , we incorporated several enhanced risk- related performance changes to certain long-term incentive compensation programs . in addition to achieving certain financial performance metrics on both an absolute basis and relative to our peers , final payout amounts will be subject to reduction if pnc fails to meet certain risk-related performance metrics as specified in the award agreements . however , the p&cc has the discretion to waive any or all of this reduction under certain circumstances . the weighted-average grant date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2014 , 2013 and 2012 was $ 80.79 , $ 64.77 and $ 60.68 per share , respectively . the total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2014 , 2013 and 2012 was approximately $ 119 million , $ 63 million and $ 55 million , respectively . we recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program . table 121 : nonvested incentive/performance unit share awards and restricted stock/share unit awards 2013 rollforward shares in thousands nonvested incentive/ performance unit shares weighted- average grant date fair value nonvested restricted stock/ weighted- average grant date fair value . <table class='wikitable'><tr><td>1</td><td>shares in thousands december 31 2013</td><td>nonvested incentive/ performance unit shares 1647</td><td>weighted-averagegrant datefair value $ 63.49</td><td>nonvested restricted stock/ share units 3483</td><td>weighted-averagegrant datefair value $ 62.70</td></tr><tr><td>2</td><td>granted</td><td>723</td><td>79.90</td><td>1276</td><td>81.29</td></tr><tr><td>3</td><td>vested/released</td><td>-513 ( 513 )</td><td>63.64</td><td>-962 ( 962 )</td><td>62.32</td></tr><tr><td>4</td><td>forfeited</td><td>-20 ( 20 )</td><td>69.18</td><td>-145 ( 145 )</td><td>69.44</td></tr><tr><td>5</td><td>december 31 2014</td><td>1837</td><td>$ 69.84</td><td>3652</td><td>$ 69.03</td></tr></table> the pnc financial services group , inc . 2013 form 10-k 185 .
Question: what was the tax benefit realized from option exercises under all incentive plans in 2014, in millions?
Answer: 33.0
Question: and what was it in 2013, also in millions?
Answer: 31.0
Question: what was, then, in millions, the total tax of benefit realized from option exercises under all incentive plans for both years combined?
Answer: 64.0
Question: what was that tax benefit in 2012, in millions?
Answer: 14.0
Question: including, then, 2012, what then becomes that total of tax benefit realized from option exercises under all incentive plans, in millions?
Answer: 78.0
Question: and what is, in millions, the average tax benefit between those three years?
| 26.0 |
CONVFINQA6943 | 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.
stock price performance the following graph shows a comparison of the cumulative total return on our common stock , the standard & poor 2019s 500 index and the standard & poor 2019s retail index . the graph assumes that the value of an investment in our common stock and in each such index was $ 100 on january 3 , 2009 , and that any dividends have been reinvested . the comparison in the graph below is based solely on historical data and is not intended to forecast the possible future performance of our common stock . comparison of cumulative total return among advance auto parts , inc. , s&p 500 index and s&p retail index company/index january 3 , january 2 , january 1 , december 31 , december 29 , december 28 . <table class='wikitable'><tr><td>1</td><td>company/index</td><td>january 3 2009</td><td>january 2 2010</td><td>january 1 2011</td><td>december 31 2011</td><td>december 29 2012</td><td>december 28 2013</td></tr><tr><td>2</td><td>advance auto parts</td><td>$ 100.00</td><td>$ 119.28</td><td>$ 195.80</td><td>$ 206.86</td><td>$ 213.14</td><td>$ 327.63</td></tr><tr><td>3</td><td>s&p 500 index</td><td>100.00</td><td>119.67</td><td>134.97</td><td>134.96</td><td>150.51</td><td>197.62</td></tr><tr><td>4</td><td>s&p retail index</td><td>100.00</td><td>141.28</td><td>174.70</td><td>179.79</td><td>219.77</td><td>321.02</td></tr></table> .
Question: what was the price of advance auto in 2012?
| 213.14 |
CONVFINQA6944 | 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.
stock price performance the following graph shows a comparison of the cumulative total return on our common stock , the standard & poor 2019s 500 index and the standard & poor 2019s retail index . the graph assumes that the value of an investment in our common stock and in each such index was $ 100 on january 3 , 2009 , and that any dividends have been reinvested . the comparison in the graph below is based solely on historical data and is not intended to forecast the possible future performance of our common stock . comparison of cumulative total return among advance auto parts , inc. , s&p 500 index and s&p retail index company/index january 3 , january 2 , january 1 , december 31 , december 29 , december 28 . <table class='wikitable'><tr><td>1</td><td>company/index</td><td>january 3 2009</td><td>january 2 2010</td><td>january 1 2011</td><td>december 31 2011</td><td>december 29 2012</td><td>december 28 2013</td></tr><tr><td>2</td><td>advance auto parts</td><td>$ 100.00</td><td>$ 119.28</td><td>$ 195.80</td><td>$ 206.86</td><td>$ 213.14</td><td>$ 327.63</td></tr><tr><td>3</td><td>s&p 500 index</td><td>100.00</td><td>119.67</td><td>134.97</td><td>134.96</td><td>150.51</td><td>197.62</td></tr><tr><td>4</td><td>s&p retail index</td><td>100.00</td><td>141.28</td><td>174.70</td><td>179.79</td><td>219.77</td><td>321.02</td></tr></table> .
Question: what was the price of advance auto in 2012?
Answer: 213.14
Question: what is that less 100?
| 113.14 |
CONVFINQA6945 | 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.
stock price performance the following graph shows a comparison of the cumulative total return on our common stock , the standard & poor 2019s 500 index and the standard & poor 2019s retail index . the graph assumes that the value of an investment in our common stock and in each such index was $ 100 on january 3 , 2009 , and that any dividends have been reinvested . the comparison in the graph below is based solely on historical data and is not intended to forecast the possible future performance of our common stock . comparison of cumulative total return among advance auto parts , inc. , s&p 500 index and s&p retail index company/index january 3 , january 2 , january 1 , december 31 , december 29 , december 28 . <table class='wikitable'><tr><td>1</td><td>company/index</td><td>january 3 2009</td><td>january 2 2010</td><td>january 1 2011</td><td>december 31 2011</td><td>december 29 2012</td><td>december 28 2013</td></tr><tr><td>2</td><td>advance auto parts</td><td>$ 100.00</td><td>$ 119.28</td><td>$ 195.80</td><td>$ 206.86</td><td>$ 213.14</td><td>$ 327.63</td></tr><tr><td>3</td><td>s&p 500 index</td><td>100.00</td><td>119.67</td><td>134.97</td><td>134.96</td><td>150.51</td><td>197.62</td></tr><tr><td>4</td><td>s&p retail index</td><td>100.00</td><td>141.28</td><td>174.70</td><td>179.79</td><td>219.77</td><td>321.02</td></tr></table> .
Question: what was the price of advance auto in 2012?
Answer: 213.14
Question: what is that less 100?
Answer: 113.14
Question: what was the price of the s&p index in 2012?
| 150.51 |
CONVFINQA6946 | 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.
stock price performance the following graph shows a comparison of the cumulative total return on our common stock , the standard & poor 2019s 500 index and the standard & poor 2019s retail index . the graph assumes that the value of an investment in our common stock and in each such index was $ 100 on january 3 , 2009 , and that any dividends have been reinvested . the comparison in the graph below is based solely on historical data and is not intended to forecast the possible future performance of our common stock . comparison of cumulative total return among advance auto parts , inc. , s&p 500 index and s&p retail index company/index january 3 , january 2 , january 1 , december 31 , december 29 , december 28 . <table class='wikitable'><tr><td>1</td><td>company/index</td><td>january 3 2009</td><td>january 2 2010</td><td>january 1 2011</td><td>december 31 2011</td><td>december 29 2012</td><td>december 28 2013</td></tr><tr><td>2</td><td>advance auto parts</td><td>$ 100.00</td><td>$ 119.28</td><td>$ 195.80</td><td>$ 206.86</td><td>$ 213.14</td><td>$ 327.63</td></tr><tr><td>3</td><td>s&p 500 index</td><td>100.00</td><td>119.67</td><td>134.97</td><td>134.96</td><td>150.51</td><td>197.62</td></tr><tr><td>4</td><td>s&p retail index</td><td>100.00</td><td>141.28</td><td>174.70</td><td>179.79</td><td>219.77</td><td>321.02</td></tr></table> .
Question: what was the price of advance auto in 2012?
Answer: 213.14
Question: what is that less 100?
Answer: 113.14
Question: what was the price of the s&p index in 2012?
Answer: 150.51
Question: what is that less 100?
| 50.51 |
CONVFINQA6947 | 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.
stock price performance the following graph shows a comparison of the cumulative total return on our common stock , the standard & poor 2019s 500 index and the standard & poor 2019s retail index . the graph assumes that the value of an investment in our common stock and in each such index was $ 100 on january 3 , 2009 , and that any dividends have been reinvested . the comparison in the graph below is based solely on historical data and is not intended to forecast the possible future performance of our common stock . comparison of cumulative total return among advance auto parts , inc. , s&p 500 index and s&p retail index company/index january 3 , january 2 , january 1 , december 31 , december 29 , december 28 . <table class='wikitable'><tr><td>1</td><td>company/index</td><td>january 3 2009</td><td>january 2 2010</td><td>january 1 2011</td><td>december 31 2011</td><td>december 29 2012</td><td>december 28 2013</td></tr><tr><td>2</td><td>advance auto parts</td><td>$ 100.00</td><td>$ 119.28</td><td>$ 195.80</td><td>$ 206.86</td><td>$ 213.14</td><td>$ 327.63</td></tr><tr><td>3</td><td>s&p 500 index</td><td>100.00</td><td>119.67</td><td>134.97</td><td>134.96</td><td>150.51</td><td>197.62</td></tr><tr><td>4</td><td>s&p retail index</td><td>100.00</td><td>141.28</td><td>174.70</td><td>179.79</td><td>219.77</td><td>321.02</td></tr></table> .
Question: what was the price of advance auto in 2012?
Answer: 213.14
Question: what is that less 100?
Answer: 113.14
Question: what was the price of the s&p index in 2012?
Answer: 150.51
Question: what is that less 100?
Answer: 50.51
Question: what is the net difference in gains?
| 62.63 |
CONVFINQA6948 | 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.
changes in our performance retention awards during 2009 were as follows : shares ( thous. ) weighted-average grant-date fair value . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares ( thous. )</td><td>weighted-averagegrant-date fair value</td></tr><tr><td>2</td><td>nonvested at january 1 2009</td><td>873</td><td>$ 50.70</td></tr><tr><td>3</td><td>granted</td><td>449</td><td>47.28</td></tr><tr><td>4</td><td>vested</td><td>-240 ( 240 )</td><td>43.23</td></tr><tr><td>5</td><td>forfeited</td><td>-22 ( 22 )</td><td>53.86</td></tr><tr><td>6</td><td>nonvested at december 31 2009</td><td>1060</td><td>$ 50.88</td></tr></table> at december 31 , 2009 , there was $ 22 million of total unrecognized compensation expense related to nonvested performance retention awards , which is expected to be recognized over a weighted-average period of 1.3 years . a portion of this expense is subject to achievement of the roic levels established for the performance stock unit grants . 5 . retirement plans pension and other postretirement benefits pension plans 2013 we provide defined benefit retirement income to eligible non-union employees through qualified and non-qualified ( supplemental ) pension plans . qualified and non-qualified pension benefits are based on years of service and the highest compensation during the latest years of employment , with specific reductions made for early retirements . other postretirement benefits ( opeb ) 2013 we provide defined contribution medical and life insurance benefits for eligible retirees . these benefits are funded as medical claims and life insurance premiums are plan amendment effective january 1 , 2010 , medicare-eligible retirees who are enrolled in the union pacific retiree medical program will receive a contribution to a health reimbursement account , which can be used to pay eligible out-of-pocket medical expenses . the impact of the plan amendment is reflected in the projected benefit obligation ( pbo ) at december 31 , 2009 . funded status we are required by gaap to separately recognize the overfunded or underfunded status of our pension and opeb plans as an asset or liability . the funded status represents the difference between the pbo and the fair value of the plan assets . the pbo is the present value of benefits earned to date by plan participants , including the effect of assumed future salary increases . the pbo of the opeb plan is equal to the accumulated benefit obligation , as the present value of the opeb liabilities is not affected by salary increases . plan assets are measured at fair value . we use a december 31 measurement date for plan assets and obligations for all our retirement plans. .
Question: as of december 31, 2009, what was the number of non-vested shares?
| 1060000.0 |
CONVFINQA6949 | 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.
changes in our performance retention awards during 2009 were as follows : shares ( thous. ) weighted-average grant-date fair value . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares ( thous. )</td><td>weighted-averagegrant-date fair value</td></tr><tr><td>2</td><td>nonvested at january 1 2009</td><td>873</td><td>$ 50.70</td></tr><tr><td>3</td><td>granted</td><td>449</td><td>47.28</td></tr><tr><td>4</td><td>vested</td><td>-240 ( 240 )</td><td>43.23</td></tr><tr><td>5</td><td>forfeited</td><td>-22 ( 22 )</td><td>53.86</td></tr><tr><td>6</td><td>nonvested at december 31 2009</td><td>1060</td><td>$ 50.88</td></tr></table> at december 31 , 2009 , there was $ 22 million of total unrecognized compensation expense related to nonvested performance retention awards , which is expected to be recognized over a weighted-average period of 1.3 years . a portion of this expense is subject to achievement of the roic levels established for the performance stock unit grants . 5 . retirement plans pension and other postretirement benefits pension plans 2013 we provide defined benefit retirement income to eligible non-union employees through qualified and non-qualified ( supplemental ) pension plans . qualified and non-qualified pension benefits are based on years of service and the highest compensation during the latest years of employment , with specific reductions made for early retirements . other postretirement benefits ( opeb ) 2013 we provide defined contribution medical and life insurance benefits for eligible retirees . these benefits are funded as medical claims and life insurance premiums are plan amendment effective january 1 , 2010 , medicare-eligible retirees who are enrolled in the union pacific retiree medical program will receive a contribution to a health reimbursement account , which can be used to pay eligible out-of-pocket medical expenses . the impact of the plan amendment is reflected in the projected benefit obligation ( pbo ) at december 31 , 2009 . funded status we are required by gaap to separately recognize the overfunded or underfunded status of our pension and opeb plans as an asset or liability . the funded status represents the difference between the pbo and the fair value of the plan assets . the pbo is the present value of benefits earned to date by plan participants , including the effect of assumed future salary increases . the pbo of the opeb plan is equal to the accumulated benefit obligation , as the present value of the opeb liabilities is not affected by salary increases . plan assets are measured at fair value . we use a december 31 measurement date for plan assets and obligations for all our retirement plans. .
Question: as of december 31, 2009, what was the number of non-vested shares?
Answer: 1060000.0
Question: and what was the remaining compensation expense for the unvested awards?
| 22000000.0 |
CONVFINQA6950 | 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.
changes in our performance retention awards during 2009 were as follows : shares ( thous. ) weighted-average grant-date fair value . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares ( thous. )</td><td>weighted-averagegrant-date fair value</td></tr><tr><td>2</td><td>nonvested at january 1 2009</td><td>873</td><td>$ 50.70</td></tr><tr><td>3</td><td>granted</td><td>449</td><td>47.28</td></tr><tr><td>4</td><td>vested</td><td>-240 ( 240 )</td><td>43.23</td></tr><tr><td>5</td><td>forfeited</td><td>-22 ( 22 )</td><td>53.86</td></tr><tr><td>6</td><td>nonvested at december 31 2009</td><td>1060</td><td>$ 50.88</td></tr></table> at december 31 , 2009 , there was $ 22 million of total unrecognized compensation expense related to nonvested performance retention awards , which is expected to be recognized over a weighted-average period of 1.3 years . a portion of this expense is subject to achievement of the roic levels established for the performance stock unit grants . 5 . retirement plans pension and other postretirement benefits pension plans 2013 we provide defined benefit retirement income to eligible non-union employees through qualified and non-qualified ( supplemental ) pension plans . qualified and non-qualified pension benefits are based on years of service and the highest compensation during the latest years of employment , with specific reductions made for early retirements . other postretirement benefits ( opeb ) 2013 we provide defined contribution medical and life insurance benefits for eligible retirees . these benefits are funded as medical claims and life insurance premiums are plan amendment effective january 1 , 2010 , medicare-eligible retirees who are enrolled in the union pacific retiree medical program will receive a contribution to a health reimbursement account , which can be used to pay eligible out-of-pocket medical expenses . the impact of the plan amendment is reflected in the projected benefit obligation ( pbo ) at december 31 , 2009 . funded status we are required by gaap to separately recognize the overfunded or underfunded status of our pension and opeb plans as an asset or liability . the funded status represents the difference between the pbo and the fair value of the plan assets . the pbo is the present value of benefits earned to date by plan participants , including the effect of assumed future salary increases . the pbo of the opeb plan is equal to the accumulated benefit obligation , as the present value of the opeb liabilities is not affected by salary increases . plan assets are measured at fair value . we use a december 31 measurement date for plan assets and obligations for all our retirement plans. .
Question: as of december 31, 2009, what was the number of non-vested shares?
Answer: 1060000.0
Question: and what was the remaining compensation expense for the unvested awards?
Answer: 22000000.0
Question: how much, then, does this expense represent in relation to that number of shares?
| 20.75472 |
CONVFINQA6951 | 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.
changes in our performance retention awards during 2009 were as follows : shares ( thous. ) weighted-average grant-date fair value . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares ( thous. )</td><td>weighted-averagegrant-date fair value</td></tr><tr><td>2</td><td>nonvested at january 1 2009</td><td>873</td><td>$ 50.70</td></tr><tr><td>3</td><td>granted</td><td>449</td><td>47.28</td></tr><tr><td>4</td><td>vested</td><td>-240 ( 240 )</td><td>43.23</td></tr><tr><td>5</td><td>forfeited</td><td>-22 ( 22 )</td><td>53.86</td></tr><tr><td>6</td><td>nonvested at december 31 2009</td><td>1060</td><td>$ 50.88</td></tr></table> at december 31 , 2009 , there was $ 22 million of total unrecognized compensation expense related to nonvested performance retention awards , which is expected to be recognized over a weighted-average period of 1.3 years . a portion of this expense is subject to achievement of the roic levels established for the performance stock unit grants . 5 . retirement plans pension and other postretirement benefits pension plans 2013 we provide defined benefit retirement income to eligible non-union employees through qualified and non-qualified ( supplemental ) pension plans . qualified and non-qualified pension benefits are based on years of service and the highest compensation during the latest years of employment , with specific reductions made for early retirements . other postretirement benefits ( opeb ) 2013 we provide defined contribution medical and life insurance benefits for eligible retirees . these benefits are funded as medical claims and life insurance premiums are plan amendment effective january 1 , 2010 , medicare-eligible retirees who are enrolled in the union pacific retiree medical program will receive a contribution to a health reimbursement account , which can be used to pay eligible out-of-pocket medical expenses . the impact of the plan amendment is reflected in the projected benefit obligation ( pbo ) at december 31 , 2009 . funded status we are required by gaap to separately recognize the overfunded or underfunded status of our pension and opeb plans as an asset or liability . the funded status represents the difference between the pbo and the fair value of the plan assets . the pbo is the present value of benefits earned to date by plan participants , including the effect of assumed future salary increases . the pbo of the opeb plan is equal to the accumulated benefit obligation , as the present value of the opeb liabilities is not affected by salary increases . plan assets are measured at fair value . we use a december 31 measurement date for plan assets and obligations for all our retirement plans. .
Question: as of december 31, 2009, what was the number of non-vested shares?
Answer: 1060000.0
Question: and what was the remaining compensation expense for the unvested awards?
Answer: 22000000.0
Question: how much, then, does this expense represent in relation to that number of shares?
Answer: 20.75472
Question: and what was the weighted-average period over which that remaining expense was expected to be recognized?
| 1.3 |
CONVFINQA6952 | 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.
changes in our performance retention awards during 2009 were as follows : shares ( thous. ) weighted-average grant-date fair value . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares ( thous. )</td><td>weighted-averagegrant-date fair value</td></tr><tr><td>2</td><td>nonvested at january 1 2009</td><td>873</td><td>$ 50.70</td></tr><tr><td>3</td><td>granted</td><td>449</td><td>47.28</td></tr><tr><td>4</td><td>vested</td><td>-240 ( 240 )</td><td>43.23</td></tr><tr><td>5</td><td>forfeited</td><td>-22 ( 22 )</td><td>53.86</td></tr><tr><td>6</td><td>nonvested at december 31 2009</td><td>1060</td><td>$ 50.88</td></tr></table> at december 31 , 2009 , there was $ 22 million of total unrecognized compensation expense related to nonvested performance retention awards , which is expected to be recognized over a weighted-average period of 1.3 years . a portion of this expense is subject to achievement of the roic levels established for the performance stock unit grants . 5 . retirement plans pension and other postretirement benefits pension plans 2013 we provide defined benefit retirement income to eligible non-union employees through qualified and non-qualified ( supplemental ) pension plans . qualified and non-qualified pension benefits are based on years of service and the highest compensation during the latest years of employment , with specific reductions made for early retirements . other postretirement benefits ( opeb ) 2013 we provide defined contribution medical and life insurance benefits for eligible retirees . these benefits are funded as medical claims and life insurance premiums are plan amendment effective january 1 , 2010 , medicare-eligible retirees who are enrolled in the union pacific retiree medical program will receive a contribution to a health reimbursement account , which can be used to pay eligible out-of-pocket medical expenses . the impact of the plan amendment is reflected in the projected benefit obligation ( pbo ) at december 31 , 2009 . funded status we are required by gaap to separately recognize the overfunded or underfunded status of our pension and opeb plans as an asset or liability . the funded status represents the difference between the pbo and the fair value of the plan assets . the pbo is the present value of benefits earned to date by plan participants , including the effect of assumed future salary increases . the pbo of the opeb plan is equal to the accumulated benefit obligation , as the present value of the opeb liabilities is not affected by salary increases . plan assets are measured at fair value . we use a december 31 measurement date for plan assets and obligations for all our retirement plans. .
Question: as of december 31, 2009, what was the number of non-vested shares?
Answer: 1060000.0
Question: and what was the remaining compensation expense for the unvested awards?
Answer: 22000000.0
Question: how much, then, does this expense represent in relation to that number of shares?
Answer: 20.75472
Question: and what was the weighted-average period over which that remaining expense was expected to be recognized?
Answer: 1.3
Question: what was, then, the annual compensation expense for those unvested awards?
| 16923076.92308 |
CONVFINQA6953 | 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.
volatility of capital markets or macroeconomic factors could adversely affect our business . changes in financial and capital markets , including market disruptions , limited liquidity , uncertainty regarding brexit , and interest rate volatility , including as a result of the use or discontinued use of certain benchmark rates such as libor , may increase the cost of financing as well as the risks of refinancing maturing debt . in addition , our borrowing costs can be affected by short and long-term ratings assigned by rating organizations . a decrease in these ratings could limit our access to capital markets and increase our borrowing costs , which could materially and adversely affect our financial condition and operating results . some of our customers and counterparties are highly leveraged . consolidations in some of the industries in which our customers operate have created larger customers , some of which are highly leveraged and facing increased competition and continued credit market volatility . these factors have caused some customers to be less profitable , increasing our exposure to credit risk . a significant adverse change in the financial and/or credit position of a customer or counterparty could require us to assume greater credit risk relating to that customer or counterparty and could limit our ability to collect receivables . this could have an adverse impact on our financial condition and liquidity . item 1b . unresolved staff comments . item 2 . properties . our corporate co-headquarters are located in pittsburgh , pennsylvania and chicago , illinois . our co-headquarters are leased and house certain executive offices , our u.s . business units , and our administrative , finance , legal , and human resource functions . we maintain additional owned and leased offices throughout the regions in which we operate . we manufacture our products in our network of manufacturing and processing facilities located throughout the world . as of december 29 , 2018 , we operated 84 manufacturing and processing facilities . we own 81 and lease three of these facilities . our manufacturing and processing facilities count by segment as of december 29 , 2018 was: . <table class='wikitable'><tr><td>1</td><td>-</td><td>owned</td><td>leased</td></tr><tr><td>2</td><td>united states</td><td>40</td><td>1</td></tr><tr><td>3</td><td>canada</td><td>2</td><td>2014</td></tr><tr><td>4</td><td>emea</td><td>12</td><td>2014</td></tr><tr><td>5</td><td>rest of world</td><td>27</td><td>2</td></tr></table> we maintain all of our manufacturing and processing facilities in good condition and believe they are suitable and are adequate for our present needs . we also enter into co-manufacturing arrangements with third parties if we determine it is advantageous to outsource the production of any of our products . in the fourth quarter of 2018 , we announced our plans to divest certain assets and operations , predominantly in canada and india , including one owned manufacturing facility in canada and one owned and one leased facility in india . see note 5 , acquisitions and divestitures , in item 8 , financial statements and supplementary data , for additional information on these transactions . item 3 . legal proceedings . see note 18 , commitments and contingencies , in item 8 , financial statements and supplementary data . item 4 . mine safety disclosures . not applicable . part ii item 5 . market for registrant's common equity , related stockholder matters and issuer purchases of equity securities . our common stock is listed on nasdaq under the ticker symbol 201ckhc 201d . at june 5 , 2019 , there were approximately 49000 holders of record of our common stock . see equity and dividends in item 7 , management 2019s discussion and analysis of financial condition and results of operations , for a discussion of cash dividends declared on our common stock. .
Question: what is the number of facilities located in the united states?
| 41.0 |
CONVFINQA6954 | 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.
volatility of capital markets or macroeconomic factors could adversely affect our business . changes in financial and capital markets , including market disruptions , limited liquidity , uncertainty regarding brexit , and interest rate volatility , including as a result of the use or discontinued use of certain benchmark rates such as libor , may increase the cost of financing as well as the risks of refinancing maturing debt . in addition , our borrowing costs can be affected by short and long-term ratings assigned by rating organizations . a decrease in these ratings could limit our access to capital markets and increase our borrowing costs , which could materially and adversely affect our financial condition and operating results . some of our customers and counterparties are highly leveraged . consolidations in some of the industries in which our customers operate have created larger customers , some of which are highly leveraged and facing increased competition and continued credit market volatility . these factors have caused some customers to be less profitable , increasing our exposure to credit risk . a significant adverse change in the financial and/or credit position of a customer or counterparty could require us to assume greater credit risk relating to that customer or counterparty and could limit our ability to collect receivables . this could have an adverse impact on our financial condition and liquidity . item 1b . unresolved staff comments . item 2 . properties . our corporate co-headquarters are located in pittsburgh , pennsylvania and chicago , illinois . our co-headquarters are leased and house certain executive offices , our u.s . business units , and our administrative , finance , legal , and human resource functions . we maintain additional owned and leased offices throughout the regions in which we operate . we manufacture our products in our network of manufacturing and processing facilities located throughout the world . as of december 29 , 2018 , we operated 84 manufacturing and processing facilities . we own 81 and lease three of these facilities . our manufacturing and processing facilities count by segment as of december 29 , 2018 was: . <table class='wikitable'><tr><td>1</td><td>-</td><td>owned</td><td>leased</td></tr><tr><td>2</td><td>united states</td><td>40</td><td>1</td></tr><tr><td>3</td><td>canada</td><td>2</td><td>2014</td></tr><tr><td>4</td><td>emea</td><td>12</td><td>2014</td></tr><tr><td>5</td><td>rest of world</td><td>27</td><td>2</td></tr></table> we maintain all of our manufacturing and processing facilities in good condition and believe they are suitable and are adequate for our present needs . we also enter into co-manufacturing arrangements with third parties if we determine it is advantageous to outsource the production of any of our products . in the fourth quarter of 2018 , we announced our plans to divest certain assets and operations , predominantly in canada and india , including one owned manufacturing facility in canada and one owned and one leased facility in india . see note 5 , acquisitions and divestitures , in item 8 , financial statements and supplementary data , for additional information on these transactions . item 3 . legal proceedings . see note 18 , commitments and contingencies , in item 8 , financial statements and supplementary data . item 4 . mine safety disclosures . not applicable . part ii item 5 . market for registrant's common equity , related stockholder matters and issuer purchases of equity securities . our common stock is listed on nasdaq under the ticker symbol 201ckhc 201d . at june 5 , 2019 , there were approximately 49000 holders of record of our common stock . see equity and dividends in item 7 , management 2019s discussion and analysis of financial condition and results of operations , for a discussion of cash dividends declared on our common stock. .
Question: what is the number of facilities located in the united states?
Answer: 41.0
Question: and how much does that number represent in relation to the total number of facilities?
| 0.4881 |
CONVFINQA6955 | 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.
stock total return performance the following graph compares our total return to stockholders with the returns of the standard & poor 2019s composite 500 index ( 201cs&p 500 201d ) and the dow jones us select health care providers index ( 201cpeer group 201d ) for the five years ended december 31 , 2017 . the graph assumes an investment of $ 100 in each of our common stock , the s&p 500 , and the peer group on december 31 , 2012 , and that dividends were reinvested when paid. . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/31/2012</td><td>12/31/2013</td><td>12/31/2014</td><td>12/31/2015</td><td>12/31/2016</td><td>12/31/2017</td></tr><tr><td>2</td><td>hum</td><td>$ 100</td><td>$ 152</td><td>$ 214</td><td>$ 267</td><td>$ 307</td><td>$ 377</td></tr><tr><td>3</td><td>s&p 500</td><td>$ 100</td><td>$ 132</td><td>$ 150</td><td>$ 153</td><td>$ 171</td><td>$ 208</td></tr><tr><td>4</td><td>peer group</td><td>$ 100</td><td>$ 137</td><td>$ 175</td><td>$ 186</td><td>$ 188</td><td>$ 238</td></tr></table> the stock price performance included in this graph is not necessarily indicative of future stock price performance. .
Question: what was the price of the peer group in 2014?
| 175.0 |
CONVFINQA6956 | 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.
stock total return performance the following graph compares our total return to stockholders with the returns of the standard & poor 2019s composite 500 index ( 201cs&p 500 201d ) and the dow jones us select health care providers index ( 201cpeer group 201d ) for the five years ended december 31 , 2017 . the graph assumes an investment of $ 100 in each of our common stock , the s&p 500 , and the peer group on december 31 , 2012 , and that dividends were reinvested when paid. . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/31/2012</td><td>12/31/2013</td><td>12/31/2014</td><td>12/31/2015</td><td>12/31/2016</td><td>12/31/2017</td></tr><tr><td>2</td><td>hum</td><td>$ 100</td><td>$ 152</td><td>$ 214</td><td>$ 267</td><td>$ 307</td><td>$ 377</td></tr><tr><td>3</td><td>s&p 500</td><td>$ 100</td><td>$ 132</td><td>$ 150</td><td>$ 153</td><td>$ 171</td><td>$ 208</td></tr><tr><td>4</td><td>peer group</td><td>$ 100</td><td>$ 137</td><td>$ 175</td><td>$ 186</td><td>$ 188</td><td>$ 238</td></tr></table> the stock price performance included in this graph is not necessarily indicative of future stock price performance. .
Question: what was the price of the peer group in 2014?
Answer: 175.0
Question: what was the price of the peer group in 2013?
| 137.0 |
CONVFINQA6957 | 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.
stock total return performance the following graph compares our total return to stockholders with the returns of the standard & poor 2019s composite 500 index ( 201cs&p 500 201d ) and the dow jones us select health care providers index ( 201cpeer group 201d ) for the five years ended december 31 , 2017 . the graph assumes an investment of $ 100 in each of our common stock , the s&p 500 , and the peer group on december 31 , 2012 , and that dividends were reinvested when paid. . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/31/2012</td><td>12/31/2013</td><td>12/31/2014</td><td>12/31/2015</td><td>12/31/2016</td><td>12/31/2017</td></tr><tr><td>2</td><td>hum</td><td>$ 100</td><td>$ 152</td><td>$ 214</td><td>$ 267</td><td>$ 307</td><td>$ 377</td></tr><tr><td>3</td><td>s&p 500</td><td>$ 100</td><td>$ 132</td><td>$ 150</td><td>$ 153</td><td>$ 171</td><td>$ 208</td></tr><tr><td>4</td><td>peer group</td><td>$ 100</td><td>$ 137</td><td>$ 175</td><td>$ 186</td><td>$ 188</td><td>$ 238</td></tr></table> the stock price performance included in this graph is not necessarily indicative of future stock price performance. .
Question: what was the price of the peer group in 2014?
Answer: 175.0
Question: what was the price of the peer group in 2013?
Answer: 137.0
Question: what is the quotient of the prices 2014 to 2013?
| 1.27737 |
CONVFINQA6958 | 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.
stock total return performance the following graph compares our total return to stockholders with the returns of the standard & poor 2019s composite 500 index ( 201cs&p 500 201d ) and the dow jones us select health care providers index ( 201cpeer group 201d ) for the five years ended december 31 , 2017 . the graph assumes an investment of $ 100 in each of our common stock , the s&p 500 , and the peer group on december 31 , 2012 , and that dividends were reinvested when paid. . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/31/2012</td><td>12/31/2013</td><td>12/31/2014</td><td>12/31/2015</td><td>12/31/2016</td><td>12/31/2017</td></tr><tr><td>2</td><td>hum</td><td>$ 100</td><td>$ 152</td><td>$ 214</td><td>$ 267</td><td>$ 307</td><td>$ 377</td></tr><tr><td>3</td><td>s&p 500</td><td>$ 100</td><td>$ 132</td><td>$ 150</td><td>$ 153</td><td>$ 171</td><td>$ 208</td></tr><tr><td>4</td><td>peer group</td><td>$ 100</td><td>$ 137</td><td>$ 175</td><td>$ 186</td><td>$ 188</td><td>$ 238</td></tr></table> the stock price performance included in this graph is not necessarily indicative of future stock price performance. .
Question: what was the price of the peer group in 2014?
Answer: 175.0
Question: what was the price of the peer group in 2013?
Answer: 137.0
Question: what is the quotient of the prices 2014 to 2013?
Answer: 1.27737
Question: what is that value less 1?
| 0.27737 |
CONVFINQA6959 | 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.
74 2013 ppg annual report and form 10-k 22 . separation and merger transaction on january 28 , 2013 , the company completed the previously announced separation of its commodity chemicals business and merger of its wholly-owned subsidiary , eagle spinco inc. , with a subsidiary of georgia gulf corporation in a tax ef ficient reverse morris trust transaction ( the 201ctransaction 201d ) . pursuant to the merger , eagle spinco , the entity holding ppg's former commodity chemicals business , became a wholly-owned subsidiary of georgia gulf . the closing of the merger followed the expiration of the related exchange offer and the satisfaction of certain other conditions . the combined company formed by uniting georgia gulf with ppg's former commodity chemicals business is named axiall corporation ( 201caxiall 201d ) . ppg holds no ownership interest in axiall . ppg received the necessary ruling from the internal revenue service and as a result this transaction was generally tax free to ppg and its shareholders in the united states and canada . under the terms of the exchange offer , 35249104 shares of eagle spinco common stock were available for distribution in exchange for shares of ppg common stock accepted in the offer . following the merger , each share of eagle spinco common stock automatically converted into the right to receive one share of axiall corporation common stock . accordingly , ppg shareholders who tendered their shares of ppg common stock as part of this offer received 3.2562 shares of axiall common stock for each share of ppg common stock accepted for exchange . ppg was able to accept the maximum of 10825227 shares of ppg common stock for exchange in the offer , and thereby , reduced its outstanding shares by approximately 7% ( 7 % ) . the completion of this exchange offer was a non-cash financing transaction , which resulted in an increase in "treasury stock" at a cost of $ 1.561 billion based on the ppg closing stock price on january 25 , 2013 . under the terms of the transaction , ppg received $ 900 million of cash and 35.2 million shares of axiall common stock ( market value of $ 1.8 billion on january 25 , 2013 ) which was distributed to ppg shareholders by the exchange offer as described above . in addition , ppg received $ 67 million in cash for a preliminary post-closing working capital adjustment under the terms of the transaction agreements . the net assets transferred to axiall included $ 27 million of cash on the books of the business transferred . in the transaction , ppg transferred environmental remediation liabilities , defined benefit pension plan assets and liabilities and other post-employment benefit liabilities related to the commodity chemicals business to axiall . during the first quarter of 2013 , ppg recorded a gain of $ 2.2 billion on the transaction reflecting the excess of the sum of the cash proceeds received and the cost ( closing stock price on january 25 , 2013 ) of the ppg shares tendered and accepted in the exchange for the 35.2 million shares of axiall common stock over the net book value of the net assets of ppg's former commodity chemicals business . the transaction resulted in a net partial settlement loss of $ 33 million associated with the spin out and termination of defined benefit pension liabilities and the transfer of other post-retirement benefit liabilities under the terms of the transaction . the company also incurred $ 14 million of pretax expense , primarily for professional services related to the transaction in 2013 as well as approximately $ 2 million of net expense related to certain retained obligations and post-closing adjustments under the terms of the transaction agreements . the net gain on the transaction includes these related losses and expenses . the results of operations and cash flows of ppg's former commodity chemicals business for january 2013 and the net gain on the transaction are reported as results from discontinued operations for the year -ended december 31 , 2013 . in prior periods presented , the results of operations and cash flows of ppg's former commodity chemicals business have been reclassified from continuing operations and presented as results from discontinued operations . ppg will provide axiall with certain transition services for up to 24 months following the closing date of the transaction . these services include logistics , purchasing , finance , information technology , human resources , tax and payroll processing . the net sales and income before income taxes of the commodity chemicals business that have been reclassified and reported as discontinued operations are presented in the table below: . <table class='wikitable'><tr><td>1</td><td>millions</td><td>year-ended 2013</td><td>year-ended 2012</td><td>year-ended 2011</td></tr><tr><td>2</td><td>net sales</td><td>$ 108</td><td>$ 1688</td><td>$ 1732</td></tr><tr><td>3</td><td>income from operations before income tax</td><td>$ 2014</td><td>$ 345</td><td>$ 376</td></tr><tr><td>4</td><td>net gain from separation and merger of commodity chemicals business</td><td>2192</td><td>2014</td><td>2014</td></tr><tr><td>5</td><td>income tax expense</td><td>-5 ( 5 )</td><td>117</td><td>126</td></tr><tr><td>6</td><td>income from discontinued operations net of tax</td><td>$ 2197</td><td>$ 228</td><td>$ 250</td></tr><tr><td>7</td><td>less : net income attributable to non-controlling interests discontinued operations</td><td>$ 2014</td><td>$ -13 ( 13 )</td><td>$ -13 ( 13 )</td></tr><tr><td>8</td><td>net income from discontinued operations ( attributable to ppg )</td><td>$ 2197</td><td>$ 215</td><td>$ 237</td></tr></table> income from discontinued operations , net of tax $ 2197 $ 228 $ 250 less : net income attributable to non- controlling interests , discontinued operations $ 2014 $ ( 13 ) $ ( 13 ) net income from discontinued operations ( attributable to ppg ) $ 2197 $ 215 $ 237 during 2012 , $ 21 million of business separation costs are included within "income from discontinued operations , net." notes to the consolidated financial statements .
Question: what was the change in net sales from 2012 to 2013?
| -1580.0 |
CONVFINQA6960 | 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.
74 2013 ppg annual report and form 10-k 22 . separation and merger transaction on january 28 , 2013 , the company completed the previously announced separation of its commodity chemicals business and merger of its wholly-owned subsidiary , eagle spinco inc. , with a subsidiary of georgia gulf corporation in a tax ef ficient reverse morris trust transaction ( the 201ctransaction 201d ) . pursuant to the merger , eagle spinco , the entity holding ppg's former commodity chemicals business , became a wholly-owned subsidiary of georgia gulf . the closing of the merger followed the expiration of the related exchange offer and the satisfaction of certain other conditions . the combined company formed by uniting georgia gulf with ppg's former commodity chemicals business is named axiall corporation ( 201caxiall 201d ) . ppg holds no ownership interest in axiall . ppg received the necessary ruling from the internal revenue service and as a result this transaction was generally tax free to ppg and its shareholders in the united states and canada . under the terms of the exchange offer , 35249104 shares of eagle spinco common stock were available for distribution in exchange for shares of ppg common stock accepted in the offer . following the merger , each share of eagle spinco common stock automatically converted into the right to receive one share of axiall corporation common stock . accordingly , ppg shareholders who tendered their shares of ppg common stock as part of this offer received 3.2562 shares of axiall common stock for each share of ppg common stock accepted for exchange . ppg was able to accept the maximum of 10825227 shares of ppg common stock for exchange in the offer , and thereby , reduced its outstanding shares by approximately 7% ( 7 % ) . the completion of this exchange offer was a non-cash financing transaction , which resulted in an increase in "treasury stock" at a cost of $ 1.561 billion based on the ppg closing stock price on january 25 , 2013 . under the terms of the transaction , ppg received $ 900 million of cash and 35.2 million shares of axiall common stock ( market value of $ 1.8 billion on january 25 , 2013 ) which was distributed to ppg shareholders by the exchange offer as described above . in addition , ppg received $ 67 million in cash for a preliminary post-closing working capital adjustment under the terms of the transaction agreements . the net assets transferred to axiall included $ 27 million of cash on the books of the business transferred . in the transaction , ppg transferred environmental remediation liabilities , defined benefit pension plan assets and liabilities and other post-employment benefit liabilities related to the commodity chemicals business to axiall . during the first quarter of 2013 , ppg recorded a gain of $ 2.2 billion on the transaction reflecting the excess of the sum of the cash proceeds received and the cost ( closing stock price on january 25 , 2013 ) of the ppg shares tendered and accepted in the exchange for the 35.2 million shares of axiall common stock over the net book value of the net assets of ppg's former commodity chemicals business . the transaction resulted in a net partial settlement loss of $ 33 million associated with the spin out and termination of defined benefit pension liabilities and the transfer of other post-retirement benefit liabilities under the terms of the transaction . the company also incurred $ 14 million of pretax expense , primarily for professional services related to the transaction in 2013 as well as approximately $ 2 million of net expense related to certain retained obligations and post-closing adjustments under the terms of the transaction agreements . the net gain on the transaction includes these related losses and expenses . the results of operations and cash flows of ppg's former commodity chemicals business for january 2013 and the net gain on the transaction are reported as results from discontinued operations for the year -ended december 31 , 2013 . in prior periods presented , the results of operations and cash flows of ppg's former commodity chemicals business have been reclassified from continuing operations and presented as results from discontinued operations . ppg will provide axiall with certain transition services for up to 24 months following the closing date of the transaction . these services include logistics , purchasing , finance , information technology , human resources , tax and payroll processing . the net sales and income before income taxes of the commodity chemicals business that have been reclassified and reported as discontinued operations are presented in the table below: . <table class='wikitable'><tr><td>1</td><td>millions</td><td>year-ended 2013</td><td>year-ended 2012</td><td>year-ended 2011</td></tr><tr><td>2</td><td>net sales</td><td>$ 108</td><td>$ 1688</td><td>$ 1732</td></tr><tr><td>3</td><td>income from operations before income tax</td><td>$ 2014</td><td>$ 345</td><td>$ 376</td></tr><tr><td>4</td><td>net gain from separation and merger of commodity chemicals business</td><td>2192</td><td>2014</td><td>2014</td></tr><tr><td>5</td><td>income tax expense</td><td>-5 ( 5 )</td><td>117</td><td>126</td></tr><tr><td>6</td><td>income from discontinued operations net of tax</td><td>$ 2197</td><td>$ 228</td><td>$ 250</td></tr><tr><td>7</td><td>less : net income attributable to non-controlling interests discontinued operations</td><td>$ 2014</td><td>$ -13 ( 13 )</td><td>$ -13 ( 13 )</td></tr><tr><td>8</td><td>net income from discontinued operations ( attributable to ppg )</td><td>$ 2197</td><td>$ 215</td><td>$ 237</td></tr></table> income from discontinued operations , net of tax $ 2197 $ 228 $ 250 less : net income attributable to non- controlling interests , discontinued operations $ 2014 $ ( 13 ) $ ( 13 ) net income from discontinued operations ( attributable to ppg ) $ 2197 $ 215 $ 237 during 2012 , $ 21 million of business separation costs are included within "income from discontinued operations , net." notes to the consolidated financial statements .
Question: what was the change in net sales from 2012 to 2013?
Answer: -1580.0
Question: and how much does that change represent in relation to the total net sales in 2012?
| -0.93602 |
CONVFINQA6961 | 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.
part iii item 10 . directors , and executive officers and corporate governance . pursuant to section 406 of the sarbanes-oxley act of 2002 , we have adopted a code of ethics for senior financial officers that applies to our principal executive officer and principal financial officer , principal accounting officer and controller , and other persons performing similar functions . our code of ethics for senior financial officers is publicly available on our website at www.hologic.com . we intend to satisfy the disclosure requirement under item 5.05 of current report on form 8-k regarding an amendment to , or waiver from , a provision of this code by posting such information on our website , at the address specified above . the additional information required by this item is incorporated by reference to our definitive proxy statement for our annual meeting of stockholders to be filed with the securities and exchange commission within 120 days after the close of our fiscal year . item 11 . executive compensation . the information required by this item is incorporated by reference to our definitive proxy statement for our annual meeting of stockholders to be filed with the securities and exchange commission within 120 days after the close of our fiscal year . item 12 . security ownership of certain beneficial owners and management and related stockholder matters . we maintain a number of equity compensation plans for employees , officers , directors and others whose efforts contribute to our success . the table below sets forth certain information as of the end of our fiscal year ended september 27 , 2008 regarding the shares of our common stock available for grant or granted under stock option plans and equity incentives that ( i ) were approved by our stockholders , and ( ii ) were not approved by our stockholders . the number of securities and the exercise price of the outstanding securities have been adjusted to reflect our two-for-one stock splits effected on november 30 , 2005 and april 2 , 2008 . equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15370814 $ 16.10 19977099 equity compensation plans not approved by security holders ( 1 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 582881 $ 3.79 2014 . <table class='wikitable'><tr><td>1</td><td>plan category</td><td>number of securities to be issued upon exercise of outstanding options warrants and rights ( a )</td><td>weighted-average exercise price of outstanding options warrants and rights ( b )</td><td>number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c )</td></tr><tr><td>2</td><td>equity compensation plans approved by security holders</td><td>15370814</td><td>$ 16.10</td><td>19977099</td></tr><tr><td>3</td><td>equity compensation plans not approved by security holders ( 1 )</td><td>582881</td><td>$ 3.79</td><td>2014</td></tr><tr><td>4</td><td>total</td><td>15953695</td><td>$ 15.65</td><td>19977099</td></tr></table> ( 1 ) includes the following plans : 1997 employee equity incentive plan and 2000 acquisition equity incentive plan . a description of each of these plans is as follows : 1997 employee equity incentive plan . the purposes of the 1997 employee equity incentive plan ( the 201c1997 plan 201d ) , adopted by the board of directors in may 1997 , are to attract and retain key employees , consultants and advisors , to provide an incentive for them to assist us in achieving long-range performance goals , and to enable such person to participate in our long-term growth . in general , under the 1997 plan , all employees .
Question: what is the number of securities issued approved by security holders?
| 15370814.0 |
CONVFINQA6962 | 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.
part iii item 10 . directors , and executive officers and corporate governance . pursuant to section 406 of the sarbanes-oxley act of 2002 , we have adopted a code of ethics for senior financial officers that applies to our principal executive officer and principal financial officer , principal accounting officer and controller , and other persons performing similar functions . our code of ethics for senior financial officers is publicly available on our website at www.hologic.com . we intend to satisfy the disclosure requirement under item 5.05 of current report on form 8-k regarding an amendment to , or waiver from , a provision of this code by posting such information on our website , at the address specified above . the additional information required by this item is incorporated by reference to our definitive proxy statement for our annual meeting of stockholders to be filed with the securities and exchange commission within 120 days after the close of our fiscal year . item 11 . executive compensation . the information required by this item is incorporated by reference to our definitive proxy statement for our annual meeting of stockholders to be filed with the securities and exchange commission within 120 days after the close of our fiscal year . item 12 . security ownership of certain beneficial owners and management and related stockholder matters . we maintain a number of equity compensation plans for employees , officers , directors and others whose efforts contribute to our success . the table below sets forth certain information as of the end of our fiscal year ended september 27 , 2008 regarding the shares of our common stock available for grant or granted under stock option plans and equity incentives that ( i ) were approved by our stockholders , and ( ii ) were not approved by our stockholders . the number of securities and the exercise price of the outstanding securities have been adjusted to reflect our two-for-one stock splits effected on november 30 , 2005 and april 2 , 2008 . equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15370814 $ 16.10 19977099 equity compensation plans not approved by security holders ( 1 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 582881 $ 3.79 2014 . <table class='wikitable'><tr><td>1</td><td>plan category</td><td>number of securities to be issued upon exercise of outstanding options warrants and rights ( a )</td><td>weighted-average exercise price of outstanding options warrants and rights ( b )</td><td>number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c )</td></tr><tr><td>2</td><td>equity compensation plans approved by security holders</td><td>15370814</td><td>$ 16.10</td><td>19977099</td></tr><tr><td>3</td><td>equity compensation plans not approved by security holders ( 1 )</td><td>582881</td><td>$ 3.79</td><td>2014</td></tr><tr><td>4</td><td>total</td><td>15953695</td><td>$ 15.65</td><td>19977099</td></tr></table> ( 1 ) includes the following plans : 1997 employee equity incentive plan and 2000 acquisition equity incentive plan . a description of each of these plans is as follows : 1997 employee equity incentive plan . the purposes of the 1997 employee equity incentive plan ( the 201c1997 plan 201d ) , adopted by the board of directors in may 1997 , are to attract and retain key employees , consultants and advisors , to provide an incentive for them to assist us in achieving long-range performance goals , and to enable such person to participate in our long-term growth . in general , under the 1997 plan , all employees .
Question: what is the number of securities issued approved by security holders?
Answer: 15370814.0
Question: what about the total number of securities issued?
| 15953695.0 |
CONVFINQA6963 | 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.
part iii item 10 . directors , and executive officers and corporate governance . pursuant to section 406 of the sarbanes-oxley act of 2002 , we have adopted a code of ethics for senior financial officers that applies to our principal executive officer and principal financial officer , principal accounting officer and controller , and other persons performing similar functions . our code of ethics for senior financial officers is publicly available on our website at www.hologic.com . we intend to satisfy the disclosure requirement under item 5.05 of current report on form 8-k regarding an amendment to , or waiver from , a provision of this code by posting such information on our website , at the address specified above . the additional information required by this item is incorporated by reference to our definitive proxy statement for our annual meeting of stockholders to be filed with the securities and exchange commission within 120 days after the close of our fiscal year . item 11 . executive compensation . the information required by this item is incorporated by reference to our definitive proxy statement for our annual meeting of stockholders to be filed with the securities and exchange commission within 120 days after the close of our fiscal year . item 12 . security ownership of certain beneficial owners and management and related stockholder matters . we maintain a number of equity compensation plans for employees , officers , directors and others whose efforts contribute to our success . the table below sets forth certain information as of the end of our fiscal year ended september 27 , 2008 regarding the shares of our common stock available for grant or granted under stock option plans and equity incentives that ( i ) were approved by our stockholders , and ( ii ) were not approved by our stockholders . the number of securities and the exercise price of the outstanding securities have been adjusted to reflect our two-for-one stock splits effected on november 30 , 2005 and april 2 , 2008 . equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15370814 $ 16.10 19977099 equity compensation plans not approved by security holders ( 1 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 582881 $ 3.79 2014 . <table class='wikitable'><tr><td>1</td><td>plan category</td><td>number of securities to be issued upon exercise of outstanding options warrants and rights ( a )</td><td>weighted-average exercise price of outstanding options warrants and rights ( b )</td><td>number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c )</td></tr><tr><td>2</td><td>equity compensation plans approved by security holders</td><td>15370814</td><td>$ 16.10</td><td>19977099</td></tr><tr><td>3</td><td>equity compensation plans not approved by security holders ( 1 )</td><td>582881</td><td>$ 3.79</td><td>2014</td></tr><tr><td>4</td><td>total</td><td>15953695</td><td>$ 15.65</td><td>19977099</td></tr></table> ( 1 ) includes the following plans : 1997 employee equity incentive plan and 2000 acquisition equity incentive plan . a description of each of these plans is as follows : 1997 employee equity incentive plan . the purposes of the 1997 employee equity incentive plan ( the 201c1997 plan 201d ) , adopted by the board of directors in may 1997 , are to attract and retain key employees , consultants and advisors , to provide an incentive for them to assist us in achieving long-range performance goals , and to enable such person to participate in our long-term growth . in general , under the 1997 plan , all employees .
Question: what is the number of securities issued approved by security holders?
Answer: 15370814.0
Question: what about the total number of securities issued?
Answer: 15953695.0
Question: what portion of total number of securities issued is approved by security holders?
| 0.96346 |
CONVFINQA6964 | 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.
part iii item 10 . directors , and executive officers and corporate governance . pursuant to section 406 of the sarbanes-oxley act of 2002 , we have adopted a code of ethics for senior financial officers that applies to our principal executive officer and principal financial officer , principal accounting officer and controller , and other persons performing similar functions . our code of ethics for senior financial officers is publicly available on our website at www.hologic.com . we intend to satisfy the disclosure requirement under item 5.05 of current report on form 8-k regarding an amendment to , or waiver from , a provision of this code by posting such information on our website , at the address specified above . the additional information required by this item is incorporated by reference to our definitive proxy statement for our annual meeting of stockholders to be filed with the securities and exchange commission within 120 days after the close of our fiscal year . item 11 . executive compensation . the information required by this item is incorporated by reference to our definitive proxy statement for our annual meeting of stockholders to be filed with the securities and exchange commission within 120 days after the close of our fiscal year . item 12 . security ownership of certain beneficial owners and management and related stockholder matters . we maintain a number of equity compensation plans for employees , officers , directors and others whose efforts contribute to our success . the table below sets forth certain information as of the end of our fiscal year ended september 27 , 2008 regarding the shares of our common stock available for grant or granted under stock option plans and equity incentives that ( i ) were approved by our stockholders , and ( ii ) were not approved by our stockholders . the number of securities and the exercise price of the outstanding securities have been adjusted to reflect our two-for-one stock splits effected on november 30 , 2005 and april 2 , 2008 . equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15370814 $ 16.10 19977099 equity compensation plans not approved by security holders ( 1 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 582881 $ 3.79 2014 . <table class='wikitable'><tr><td>1</td><td>plan category</td><td>number of securities to be issued upon exercise of outstanding options warrants and rights ( a )</td><td>weighted-average exercise price of outstanding options warrants and rights ( b )</td><td>number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c )</td></tr><tr><td>2</td><td>equity compensation plans approved by security holders</td><td>15370814</td><td>$ 16.10</td><td>19977099</td></tr><tr><td>3</td><td>equity compensation plans not approved by security holders ( 1 )</td><td>582881</td><td>$ 3.79</td><td>2014</td></tr><tr><td>4</td><td>total</td><td>15953695</td><td>$ 15.65</td><td>19977099</td></tr></table> ( 1 ) includes the following plans : 1997 employee equity incentive plan and 2000 acquisition equity incentive plan . a description of each of these plans is as follows : 1997 employee equity incentive plan . the purposes of the 1997 employee equity incentive plan ( the 201c1997 plan 201d ) , adopted by the board of directors in may 1997 , are to attract and retain key employees , consultants and advisors , to provide an incentive for them to assist us in achieving long-range performance goals , and to enable such person to participate in our long-term growth . in general , under the 1997 plan , all employees .
Question: what is the number of securities issued approved by security holders?
Answer: 15370814.0
Question: what about the total number of securities issued?
Answer: 15953695.0
Question: what portion of total number of securities issued is approved by security holders?
Answer: 0.96346
Question: what is the weighted-average exercise price of outstanding options warrants and rights for equity approved by security holders?
| 16.1 |
CONVFINQA6965 | 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.
part iii item 10 . directors , and executive officers and corporate governance . pursuant to section 406 of the sarbanes-oxley act of 2002 , we have adopted a code of ethics for senior financial officers that applies to our principal executive officer and principal financial officer , principal accounting officer and controller , and other persons performing similar functions . our code of ethics for senior financial officers is publicly available on our website at www.hologic.com . we intend to satisfy the disclosure requirement under item 5.05 of current report on form 8-k regarding an amendment to , or waiver from , a provision of this code by posting such information on our website , at the address specified above . the additional information required by this item is incorporated by reference to our definitive proxy statement for our annual meeting of stockholders to be filed with the securities and exchange commission within 120 days after the close of our fiscal year . item 11 . executive compensation . the information required by this item is incorporated by reference to our definitive proxy statement for our annual meeting of stockholders to be filed with the securities and exchange commission within 120 days after the close of our fiscal year . item 12 . security ownership of certain beneficial owners and management and related stockholder matters . we maintain a number of equity compensation plans for employees , officers , directors and others whose efforts contribute to our success . the table below sets forth certain information as of the end of our fiscal year ended september 27 , 2008 regarding the shares of our common stock available for grant or granted under stock option plans and equity incentives that ( i ) were approved by our stockholders , and ( ii ) were not approved by our stockholders . the number of securities and the exercise price of the outstanding securities have been adjusted to reflect our two-for-one stock splits effected on november 30 , 2005 and april 2 , 2008 . equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15370814 $ 16.10 19977099 equity compensation plans not approved by security holders ( 1 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 582881 $ 3.79 2014 . <table class='wikitable'><tr><td>1</td><td>plan category</td><td>number of securities to be issued upon exercise of outstanding options warrants and rights ( a )</td><td>weighted-average exercise price of outstanding options warrants and rights ( b )</td><td>number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c )</td></tr><tr><td>2</td><td>equity compensation plans approved by security holders</td><td>15370814</td><td>$ 16.10</td><td>19977099</td></tr><tr><td>3</td><td>equity compensation plans not approved by security holders ( 1 )</td><td>582881</td><td>$ 3.79</td><td>2014</td></tr><tr><td>4</td><td>total</td><td>15953695</td><td>$ 15.65</td><td>19977099</td></tr></table> ( 1 ) includes the following plans : 1997 employee equity incentive plan and 2000 acquisition equity incentive plan . a description of each of these plans is as follows : 1997 employee equity incentive plan . the purposes of the 1997 employee equity incentive plan ( the 201c1997 plan 201d ) , adopted by the board of directors in may 1997 , are to attract and retain key employees , consultants and advisors , to provide an incentive for them to assist us in achieving long-range performance goals , and to enable such person to participate in our long-term growth . in general , under the 1997 plan , all employees .
Question: what is the number of securities issued approved by security holders?
Answer: 15370814.0
Question: what about the total number of securities issued?
Answer: 15953695.0
Question: what portion of total number of securities issued is approved by security holders?
Answer: 0.96346
Question: what is the weighted-average exercise price of outstanding options warrants and rights for equity approved by security holders?
Answer: 16.1
Question: what is the total fair value of warrants and rights that are issued and approved by by security holders?
| 247470105.4 |
CONVFINQA6966 | 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.
part iii item 10 . directors , and executive officers and corporate governance . pursuant to section 406 of the sarbanes-oxley act of 2002 , we have adopted a code of ethics for senior financial officers that applies to our principal executive officer and principal financial officer , principal accounting officer and controller , and other persons performing similar functions . our code of ethics for senior financial officers is publicly available on our website at www.hologic.com . we intend to satisfy the disclosure requirement under item 5.05 of current report on form 8-k regarding an amendment to , or waiver from , a provision of this code by posting such information on our website , at the address specified above . the additional information required by this item is incorporated by reference to our definitive proxy statement for our annual meeting of stockholders to be filed with the securities and exchange commission within 120 days after the close of our fiscal year . item 11 . executive compensation . the information required by this item is incorporated by reference to our definitive proxy statement for our annual meeting of stockholders to be filed with the securities and exchange commission within 120 days after the close of our fiscal year . item 12 . security ownership of certain beneficial owners and management and related stockholder matters . we maintain a number of equity compensation plans for employees , officers , directors and others whose efforts contribute to our success . the table below sets forth certain information as of the end of our fiscal year ended september 27 , 2008 regarding the shares of our common stock available for grant or granted under stock option plans and equity incentives that ( i ) were approved by our stockholders , and ( ii ) were not approved by our stockholders . the number of securities and the exercise price of the outstanding securities have been adjusted to reflect our two-for-one stock splits effected on november 30 , 2005 and april 2 , 2008 . equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15370814 $ 16.10 19977099 equity compensation plans not approved by security holders ( 1 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 582881 $ 3.79 2014 . <table class='wikitable'><tr><td>1</td><td>plan category</td><td>number of securities to be issued upon exercise of outstanding options warrants and rights ( a )</td><td>weighted-average exercise price of outstanding options warrants and rights ( b )</td><td>number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c )</td></tr><tr><td>2</td><td>equity compensation plans approved by security holders</td><td>15370814</td><td>$ 16.10</td><td>19977099</td></tr><tr><td>3</td><td>equity compensation plans not approved by security holders ( 1 )</td><td>582881</td><td>$ 3.79</td><td>2014</td></tr><tr><td>4</td><td>total</td><td>15953695</td><td>$ 15.65</td><td>19977099</td></tr></table> ( 1 ) includes the following plans : 1997 employee equity incentive plan and 2000 acquisition equity incentive plan . a description of each of these plans is as follows : 1997 employee equity incentive plan . the purposes of the 1997 employee equity incentive plan ( the 201c1997 plan 201d ) , adopted by the board of directors in may 1997 , are to attract and retain key employees , consultants and advisors , to provide an incentive for them to assist us in achieving long-range performance goals , and to enable such person to participate in our long-term growth . in general , under the 1997 plan , all employees .
Question: what is the number of securities issued approved by security holders?
Answer: 15370814.0
Question: what about the total number of securities issued?
Answer: 15953695.0
Question: what portion of total number of securities issued is approved by security holders?
Answer: 0.96346
Question: what is the weighted-average exercise price of outstanding options warrants and rights for equity approved by security holders?
Answer: 16.1
Question: what is the total fair value of warrants and rights that are issued and approved by by security holders?
Answer: 247470105.4
Question: what about in millions?
| 247.47011 |
CONVFINQA6967 | 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 descriptions and fair value methodologies for the u.s . and international pension plan assets are as follows : cash and cash equivalents the carrying amounts of cash and cash equivalents approximate fair value due to the short-term maturity . equity securities equity securities are valued at the closing market price reported on a u.s . or international exchange where the security is actively traded and are therefore classified as level 1 assets . equity mutual and pooled funds shares of mutual funds are valued at the net asset value ( nav ) of the fund and are classified as level 1 assets . units of pooled funds are valued at the per unit nav determined by the fund manager based on the value of the underlying traded holdings and are classified as level 2 assets . corporate and government bonds corporate and government bonds are classified as level 2 assets , as they are either valued at quoted market prices from observable pricing sources at the reporting date or valued based upon comparable securities with similar yields and credit ratings . other pooled funds other pooled funds classified as level 2 assets are valued at the nav of the shares held at year end , which is based on the fair value of the underlying investments . securities and interests classified as level 3 are carried at the estimated fair value . the estimated fair value is based on the fair value of the underlying investment values , which includes estimated bids from brokers or other third-party vendor sources that utilize expected cash flow streams and other uncorroborated data including counterparty credit quality , default risk , discount rates , and the overall capital market liquidity . insurance contracts insurance contracts are classified as level 3 assets , as they are carried at contract value , which approximates the estimated fair value . the estimated fair value is based on the fair value of the underlying investment of the insurance company and discount rates that require inputs with limited observability . contributions and projected benefit payments pension contributions to funded plans and benefit payments for unfunded plans for fiscal year 2018 were $ 68.3 . contributions for funded plans resulted primarily from contractual and regulatory requirements . benefit payments to unfunded plans were due primarily to the timing of retirements . we anticipate contributing $ 45 to $ 65 to the defined benefit pension plans in fiscal year 2019 . these contributions are anticipated to be driven primarily by contractual and regulatory requirements for funded plans and benefit payments for unfunded plans , which are dependent upon timing of retirements . projected benefit payments , which reflect expected future service , are as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>u.s .</td><td>international</td></tr><tr><td>2</td><td>2019</td><td>$ 165.5</td><td>$ 52.8</td></tr><tr><td>3</td><td>2020</td><td>152.4</td><td>53.9</td></tr><tr><td>4</td><td>2021</td><td>157.0</td><td>55.6</td></tr><tr><td>5</td><td>2022</td><td>163.7</td><td>56.0</td></tr><tr><td>6</td><td>2023</td><td>167.9</td><td>60.6</td></tr><tr><td>7</td><td>2024-2028</td><td>900.2</td><td>336.8</td></tr></table> these estimated benefit payments are based on assumptions about future events . actual benefit payments may vary significantly from these estimates. .
Question: what is the ratio of projected payments in us in 2021 to 2020??
| 1.03018 |
CONVFINQA6968 | 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 descriptions and fair value methodologies for the u.s . and international pension plan assets are as follows : cash and cash equivalents the carrying amounts of cash and cash equivalents approximate fair value due to the short-term maturity . equity securities equity securities are valued at the closing market price reported on a u.s . or international exchange where the security is actively traded and are therefore classified as level 1 assets . equity mutual and pooled funds shares of mutual funds are valued at the net asset value ( nav ) of the fund and are classified as level 1 assets . units of pooled funds are valued at the per unit nav determined by the fund manager based on the value of the underlying traded holdings and are classified as level 2 assets . corporate and government bonds corporate and government bonds are classified as level 2 assets , as they are either valued at quoted market prices from observable pricing sources at the reporting date or valued based upon comparable securities with similar yields and credit ratings . other pooled funds other pooled funds classified as level 2 assets are valued at the nav of the shares held at year end , which is based on the fair value of the underlying investments . securities and interests classified as level 3 are carried at the estimated fair value . the estimated fair value is based on the fair value of the underlying investment values , which includes estimated bids from brokers or other third-party vendor sources that utilize expected cash flow streams and other uncorroborated data including counterparty credit quality , default risk , discount rates , and the overall capital market liquidity . insurance contracts insurance contracts are classified as level 3 assets , as they are carried at contract value , which approximates the estimated fair value . the estimated fair value is based on the fair value of the underlying investment of the insurance company and discount rates that require inputs with limited observability . contributions and projected benefit payments pension contributions to funded plans and benefit payments for unfunded plans for fiscal year 2018 were $ 68.3 . contributions for funded plans resulted primarily from contractual and regulatory requirements . benefit payments to unfunded plans were due primarily to the timing of retirements . we anticipate contributing $ 45 to $ 65 to the defined benefit pension plans in fiscal year 2019 . these contributions are anticipated to be driven primarily by contractual and regulatory requirements for funded plans and benefit payments for unfunded plans , which are dependent upon timing of retirements . projected benefit payments , which reflect expected future service , are as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>u.s .</td><td>international</td></tr><tr><td>2</td><td>2019</td><td>$ 165.5</td><td>$ 52.8</td></tr><tr><td>3</td><td>2020</td><td>152.4</td><td>53.9</td></tr><tr><td>4</td><td>2021</td><td>157.0</td><td>55.6</td></tr><tr><td>5</td><td>2022</td><td>163.7</td><td>56.0</td></tr><tr><td>6</td><td>2023</td><td>167.9</td><td>60.6</td></tr><tr><td>7</td><td>2024-2028</td><td>900.2</td><td>336.8</td></tr></table> these estimated benefit payments are based on assumptions about future events . actual benefit payments may vary significantly from these estimates. .
Question: what is the ratio of projected payments in us in 2021 to 2020??
Answer: 1.03018
Question: what about in percentage terms?
| 0.03018 |
CONVFINQA6969 | 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 descriptions and fair value methodologies for the u.s . and international pension plan assets are as follows : cash and cash equivalents the carrying amounts of cash and cash equivalents approximate fair value due to the short-term maturity . equity securities equity securities are valued at the closing market price reported on a u.s . or international exchange where the security is actively traded and are therefore classified as level 1 assets . equity mutual and pooled funds shares of mutual funds are valued at the net asset value ( nav ) of the fund and are classified as level 1 assets . units of pooled funds are valued at the per unit nav determined by the fund manager based on the value of the underlying traded holdings and are classified as level 2 assets . corporate and government bonds corporate and government bonds are classified as level 2 assets , as they are either valued at quoted market prices from observable pricing sources at the reporting date or valued based upon comparable securities with similar yields and credit ratings . other pooled funds other pooled funds classified as level 2 assets are valued at the nav of the shares held at year end , which is based on the fair value of the underlying investments . securities and interests classified as level 3 are carried at the estimated fair value . the estimated fair value is based on the fair value of the underlying investment values , which includes estimated bids from brokers or other third-party vendor sources that utilize expected cash flow streams and other uncorroborated data including counterparty credit quality , default risk , discount rates , and the overall capital market liquidity . insurance contracts insurance contracts are classified as level 3 assets , as they are carried at contract value , which approximates the estimated fair value . the estimated fair value is based on the fair value of the underlying investment of the insurance company and discount rates that require inputs with limited observability . contributions and projected benefit payments pension contributions to funded plans and benefit payments for unfunded plans for fiscal year 2018 were $ 68.3 . contributions for funded plans resulted primarily from contractual and regulatory requirements . benefit payments to unfunded plans were due primarily to the timing of retirements . we anticipate contributing $ 45 to $ 65 to the defined benefit pension plans in fiscal year 2019 . these contributions are anticipated to be driven primarily by contractual and regulatory requirements for funded plans and benefit payments for unfunded plans , which are dependent upon timing of retirements . projected benefit payments , which reflect expected future service , are as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>u.s .</td><td>international</td></tr><tr><td>2</td><td>2019</td><td>$ 165.5</td><td>$ 52.8</td></tr><tr><td>3</td><td>2020</td><td>152.4</td><td>53.9</td></tr><tr><td>4</td><td>2021</td><td>157.0</td><td>55.6</td></tr><tr><td>5</td><td>2022</td><td>163.7</td><td>56.0</td></tr><tr><td>6</td><td>2023</td><td>167.9</td><td>60.6</td></tr><tr><td>7</td><td>2024-2028</td><td>900.2</td><td>336.8</td></tr></table> these estimated benefit payments are based on assumptions about future events . actual benefit payments may vary significantly from these estimates. .
Question: what is the ratio of projected payments in us in 2021 to 2020??
Answer: 1.03018
Question: what about in percentage terms?
Answer: 0.03018
Question: what is the ratio of projected payments in international market in 2021 to 2020??
| 1.03154 |
CONVFINQA6970 | 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 descriptions and fair value methodologies for the u.s . and international pension plan assets are as follows : cash and cash equivalents the carrying amounts of cash and cash equivalents approximate fair value due to the short-term maturity . equity securities equity securities are valued at the closing market price reported on a u.s . or international exchange where the security is actively traded and are therefore classified as level 1 assets . equity mutual and pooled funds shares of mutual funds are valued at the net asset value ( nav ) of the fund and are classified as level 1 assets . units of pooled funds are valued at the per unit nav determined by the fund manager based on the value of the underlying traded holdings and are classified as level 2 assets . corporate and government bonds corporate and government bonds are classified as level 2 assets , as they are either valued at quoted market prices from observable pricing sources at the reporting date or valued based upon comparable securities with similar yields and credit ratings . other pooled funds other pooled funds classified as level 2 assets are valued at the nav of the shares held at year end , which is based on the fair value of the underlying investments . securities and interests classified as level 3 are carried at the estimated fair value . the estimated fair value is based on the fair value of the underlying investment values , which includes estimated bids from brokers or other third-party vendor sources that utilize expected cash flow streams and other uncorroborated data including counterparty credit quality , default risk , discount rates , and the overall capital market liquidity . insurance contracts insurance contracts are classified as level 3 assets , as they are carried at contract value , which approximates the estimated fair value . the estimated fair value is based on the fair value of the underlying investment of the insurance company and discount rates that require inputs with limited observability . contributions and projected benefit payments pension contributions to funded plans and benefit payments for unfunded plans for fiscal year 2018 were $ 68.3 . contributions for funded plans resulted primarily from contractual and regulatory requirements . benefit payments to unfunded plans were due primarily to the timing of retirements . we anticipate contributing $ 45 to $ 65 to the defined benefit pension plans in fiscal year 2019 . these contributions are anticipated to be driven primarily by contractual and regulatory requirements for funded plans and benefit payments for unfunded plans , which are dependent upon timing of retirements . projected benefit payments , which reflect expected future service , are as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>u.s .</td><td>international</td></tr><tr><td>2</td><td>2019</td><td>$ 165.5</td><td>$ 52.8</td></tr><tr><td>3</td><td>2020</td><td>152.4</td><td>53.9</td></tr><tr><td>4</td><td>2021</td><td>157.0</td><td>55.6</td></tr><tr><td>5</td><td>2022</td><td>163.7</td><td>56.0</td></tr><tr><td>6</td><td>2023</td><td>167.9</td><td>60.6</td></tr><tr><td>7</td><td>2024-2028</td><td>900.2</td><td>336.8</td></tr></table> these estimated benefit payments are based on assumptions about future events . actual benefit payments may vary significantly from these estimates. .
Question: what is the ratio of projected payments in us in 2021 to 2020??
Answer: 1.03018
Question: what about in percentage terms?
Answer: 0.03018
Question: what is the ratio of projected payments in international market in 2021 to 2020??
Answer: 1.03154
Question: what about in percentage terms?
| 0.03154 |
CONVFINQA6971 | 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 descriptions and fair value methodologies for the u.s . and international pension plan assets are as follows : cash and cash equivalents the carrying amounts of cash and cash equivalents approximate fair value due to the short-term maturity . equity securities equity securities are valued at the closing market price reported on a u.s . or international exchange where the security is actively traded and are therefore classified as level 1 assets . equity mutual and pooled funds shares of mutual funds are valued at the net asset value ( nav ) of the fund and are classified as level 1 assets . units of pooled funds are valued at the per unit nav determined by the fund manager based on the value of the underlying traded holdings and are classified as level 2 assets . corporate and government bonds corporate and government bonds are classified as level 2 assets , as they are either valued at quoted market prices from observable pricing sources at the reporting date or valued based upon comparable securities with similar yields and credit ratings . other pooled funds other pooled funds classified as level 2 assets are valued at the nav of the shares held at year end , which is based on the fair value of the underlying investments . securities and interests classified as level 3 are carried at the estimated fair value . the estimated fair value is based on the fair value of the underlying investment values , which includes estimated bids from brokers or other third-party vendor sources that utilize expected cash flow streams and other uncorroborated data including counterparty credit quality , default risk , discount rates , and the overall capital market liquidity . insurance contracts insurance contracts are classified as level 3 assets , as they are carried at contract value , which approximates the estimated fair value . the estimated fair value is based on the fair value of the underlying investment of the insurance company and discount rates that require inputs with limited observability . contributions and projected benefit payments pension contributions to funded plans and benefit payments for unfunded plans for fiscal year 2018 were $ 68.3 . contributions for funded plans resulted primarily from contractual and regulatory requirements . benefit payments to unfunded plans were due primarily to the timing of retirements . we anticipate contributing $ 45 to $ 65 to the defined benefit pension plans in fiscal year 2019 . these contributions are anticipated to be driven primarily by contractual and regulatory requirements for funded plans and benefit payments for unfunded plans , which are dependent upon timing of retirements . projected benefit payments , which reflect expected future service , are as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>u.s .</td><td>international</td></tr><tr><td>2</td><td>2019</td><td>$ 165.5</td><td>$ 52.8</td></tr><tr><td>3</td><td>2020</td><td>152.4</td><td>53.9</td></tr><tr><td>4</td><td>2021</td><td>157.0</td><td>55.6</td></tr><tr><td>5</td><td>2022</td><td>163.7</td><td>56.0</td></tr><tr><td>6</td><td>2023</td><td>167.9</td><td>60.6</td></tr><tr><td>7</td><td>2024-2028</td><td>900.2</td><td>336.8</td></tr></table> these estimated benefit payments are based on assumptions about future events . actual benefit payments may vary significantly from these estimates. .
Question: what is the ratio of projected payments in us in 2021 to 2020??
Answer: 1.03018
Question: what about in percentage terms?
Answer: 0.03018
Question: what is the ratio of projected payments in international market in 2021 to 2020??
Answer: 1.03154
Question: what about in percentage terms?
Answer: 0.03154
Question: what is the difference among these markets?
| 0.00136 |
CONVFINQA6972 | 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 descriptions and fair value methodologies for the u.s . and international pension plan assets are as follows : cash and cash equivalents the carrying amounts of cash and cash equivalents approximate fair value due to the short-term maturity . equity securities equity securities are valued at the closing market price reported on a u.s . or international exchange where the security is actively traded and are therefore classified as level 1 assets . equity mutual and pooled funds shares of mutual funds are valued at the net asset value ( nav ) of the fund and are classified as level 1 assets . units of pooled funds are valued at the per unit nav determined by the fund manager based on the value of the underlying traded holdings and are classified as level 2 assets . corporate and government bonds corporate and government bonds are classified as level 2 assets , as they are either valued at quoted market prices from observable pricing sources at the reporting date or valued based upon comparable securities with similar yields and credit ratings . other pooled funds other pooled funds classified as level 2 assets are valued at the nav of the shares held at year end , which is based on the fair value of the underlying investments . securities and interests classified as level 3 are carried at the estimated fair value . the estimated fair value is based on the fair value of the underlying investment values , which includes estimated bids from brokers or other third-party vendor sources that utilize expected cash flow streams and other uncorroborated data including counterparty credit quality , default risk , discount rates , and the overall capital market liquidity . insurance contracts insurance contracts are classified as level 3 assets , as they are carried at contract value , which approximates the estimated fair value . the estimated fair value is based on the fair value of the underlying investment of the insurance company and discount rates that require inputs with limited observability . contributions and projected benefit payments pension contributions to funded plans and benefit payments for unfunded plans for fiscal year 2018 were $ 68.3 . contributions for funded plans resulted primarily from contractual and regulatory requirements . benefit payments to unfunded plans were due primarily to the timing of retirements . we anticipate contributing $ 45 to $ 65 to the defined benefit pension plans in fiscal year 2019 . these contributions are anticipated to be driven primarily by contractual and regulatory requirements for funded plans and benefit payments for unfunded plans , which are dependent upon timing of retirements . projected benefit payments , which reflect expected future service , are as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>u.s .</td><td>international</td></tr><tr><td>2</td><td>2019</td><td>$ 165.5</td><td>$ 52.8</td></tr><tr><td>3</td><td>2020</td><td>152.4</td><td>53.9</td></tr><tr><td>4</td><td>2021</td><td>157.0</td><td>55.6</td></tr><tr><td>5</td><td>2022</td><td>163.7</td><td>56.0</td></tr><tr><td>6</td><td>2023</td><td>167.9</td><td>60.6</td></tr><tr><td>7</td><td>2024-2028</td><td>900.2</td><td>336.8</td></tr></table> these estimated benefit payments are based on assumptions about future events . actual benefit payments may vary significantly from these estimates. .
Question: what is the ratio of projected payments in us in 2021 to 2020??
Answer: 1.03018
Question: what about in percentage terms?
Answer: 0.03018
Question: what is the ratio of projected payments in international market in 2021 to 2020??
Answer: 1.03154
Question: what about in percentage terms?
Answer: 0.03154
Question: what is the difference among these markets?
Answer: 0.00136
Question: what is the average projected benefit payments from 2024-2028 in the us market?
| 180.04 |
CONVFINQA6973 | 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.
deferred tax assets and liabilities are recorded in the accompanying consolidated balance sheet under the captions deferred income tax assets , deferred charges and other assets , other accrued liabilities and deferred income taxes . the decrease in 2009 in deferred tax assets principally relates to the tax impact of changes in recorded qualified pension liabilities , minimum tax credit utilization and an increase in the valuation allowance . the decrease in deferred income tax liabilities principally relates to less tax depreciation taken on the company 2019s assets purchased in 2009 . the valuation allowance for deferred tax assets as of december 31 , 2008 was $ 72 million . the net change in the total valuation allowance for the year ended december 31 , 2009 , was an increase of $ 274 million . the increase of $ 274 million consists primarily of : ( 1 ) $ 211 million related to the company 2019s french operations , including a valuation allowance of $ 55 million against net deferred tax assets from current year operations and $ 156 million recorded in the second quarter of 2009 for the establishment of a valuation allowance against previously recorded deferred tax assets , ( 2 ) $ 10 million for net deferred tax assets arising from the company 2019s united king- dom current year operations , and ( 3 ) $ 47 million related to a reduction of previously recorded u.s . state deferred tax assets , including $ 15 million recorded in the fourth quarter of 2009 for louisiana recycling credits . the effect on the company 2019s effec- tive tax rate of the aforementioned $ 211 million and $ 10 million is included in the line item 201ctax rate and permanent differences on non-u.s . earnings . 201d international paper adopted the provisions of new guidance under asc 740 , 201cincome taxes , 201d on jan- uary 1 , 2007 related to uncertain tax positions . as a result of the implementation of this new guidance , the company recorded a charge to the beginning balance of retained earnings of $ 94 million , which was accounted for as a reduction to the january 1 , 2007 balance of retained earnings . a reconciliation of the beginning and ending amount of unrecognized tax benefits for the year ending december 31 , 2009 and 2008 is as follows : in millions 2009 2008 2007 . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>balance at january 1</td><td>$ -435 ( 435 )</td><td>$ -794 ( 794 )</td><td>-919 ( 919 )</td></tr><tr><td>3</td><td>additions based on tax positions related to current year</td><td>-28 ( 28 )</td><td>-14 ( 14 )</td><td>-12 ( 12 )</td></tr><tr><td>4</td><td>additions for tax positions of prior years</td><td>-82 ( 82 )</td><td>-66 ( 66 )</td><td>-30 ( 30 )</td></tr><tr><td>5</td><td>reductions for tax positions of prior years</td><td>72</td><td>67</td><td>74</td></tr><tr><td>6</td><td>settlements</td><td>174</td><td>352</td><td>112</td></tr><tr><td>7</td><td>expiration of statutes of limitations</td><td>2</td><td>3</td><td>5</td></tr><tr><td>8</td><td>currency translation adjustment</td><td>-11 ( 11 )</td><td>17</td><td>-24 ( 24 )</td></tr><tr><td>9</td><td>balance at december 31</td><td>$ -308 ( 308 )</td><td>$ -435 ( 435 )</td><td>$ -794 ( 794 )</td></tr></table> included in the balance at december 31 , 2009 and 2008 are $ 56 million and $ 9 million , respectively , for tax positions for which the ultimate benefits are highly certain , but for which there is uncertainty about the timing of such benefits . however , except for the possible effect of any penalties , any dis- allowance that would change the timing of these benefits would not affect the annual effective tax rate , but would accelerate the payment of cash to the taxing authority to an earlier period . the company accrues interest on unrecognized tax benefits as a component of interest expense . penal- ties , if incurred , are recognized as a component of income tax expense . the company had approx- imately $ 95 million and $ 74 million accrued for the payment of estimated interest and penalties asso- ciated with unrecognized tax benefits at december 31 , 2009 and 2008 , respectively . the major jurisdictions where the company files income tax returns are the united states , brazil , france , poland and russia . generally , tax years 2002 through 2009 remain open and subject to examina- tion by the relevant tax authorities . the company is typically engaged in various tax examinations at any given time , both in the united states and overseas . currently , the company is engaged in discussions with the u.s . internal revenue service regarding the examination of tax years 2006 and 2007 . as a result of these discussions , other pending tax audit settle- ments , and the expiration of statutes of limitation , the company currently estimates that the amount of unrecognized tax benefits could be reduced by up to $ 125 million during the next twelve months . during 2009 , unrecognized tax benefits decreased by $ 127 million . while the company believes that it is adequately accrued for possible audit adjustments , the final resolution of these examinations cannot be determined at this time and could result in final settlements that differ from current estimates . the company 2019s 2009 income tax provision of $ 469 million included $ 279 million related to special items and other charges , consisting of a $ 534 million tax benefit related to restructuring and other charges , a $ 650 million tax expense for the alternative fuel mixture credit , and $ 163 million of tax-related adjustments including a $ 156 million tax expense to establish a valuation allowance for net operating loss carryforwards in france , a $ 26 million tax benefit for the effective settlement of federal tax audits , a $ 15 million tax expense to establish a valuation allow- ance for louisiana recycling credits , and $ 18 million of other income tax adjustments . excluding the impact of special items , the tax provision was .
Question: by how much did the unrecognized tax benefits change between 2007 and 2008?
| 359.0 |
CONVFINQA6974 | 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.
deferred tax assets and liabilities are recorded in the accompanying consolidated balance sheet under the captions deferred income tax assets , deferred charges and other assets , other accrued liabilities and deferred income taxes . the decrease in 2009 in deferred tax assets principally relates to the tax impact of changes in recorded qualified pension liabilities , minimum tax credit utilization and an increase in the valuation allowance . the decrease in deferred income tax liabilities principally relates to less tax depreciation taken on the company 2019s assets purchased in 2009 . the valuation allowance for deferred tax assets as of december 31 , 2008 was $ 72 million . the net change in the total valuation allowance for the year ended december 31 , 2009 , was an increase of $ 274 million . the increase of $ 274 million consists primarily of : ( 1 ) $ 211 million related to the company 2019s french operations , including a valuation allowance of $ 55 million against net deferred tax assets from current year operations and $ 156 million recorded in the second quarter of 2009 for the establishment of a valuation allowance against previously recorded deferred tax assets , ( 2 ) $ 10 million for net deferred tax assets arising from the company 2019s united king- dom current year operations , and ( 3 ) $ 47 million related to a reduction of previously recorded u.s . state deferred tax assets , including $ 15 million recorded in the fourth quarter of 2009 for louisiana recycling credits . the effect on the company 2019s effec- tive tax rate of the aforementioned $ 211 million and $ 10 million is included in the line item 201ctax rate and permanent differences on non-u.s . earnings . 201d international paper adopted the provisions of new guidance under asc 740 , 201cincome taxes , 201d on jan- uary 1 , 2007 related to uncertain tax positions . as a result of the implementation of this new guidance , the company recorded a charge to the beginning balance of retained earnings of $ 94 million , which was accounted for as a reduction to the january 1 , 2007 balance of retained earnings . a reconciliation of the beginning and ending amount of unrecognized tax benefits for the year ending december 31 , 2009 and 2008 is as follows : in millions 2009 2008 2007 . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>balance at january 1</td><td>$ -435 ( 435 )</td><td>$ -794 ( 794 )</td><td>-919 ( 919 )</td></tr><tr><td>3</td><td>additions based on tax positions related to current year</td><td>-28 ( 28 )</td><td>-14 ( 14 )</td><td>-12 ( 12 )</td></tr><tr><td>4</td><td>additions for tax positions of prior years</td><td>-82 ( 82 )</td><td>-66 ( 66 )</td><td>-30 ( 30 )</td></tr><tr><td>5</td><td>reductions for tax positions of prior years</td><td>72</td><td>67</td><td>74</td></tr><tr><td>6</td><td>settlements</td><td>174</td><td>352</td><td>112</td></tr><tr><td>7</td><td>expiration of statutes of limitations</td><td>2</td><td>3</td><td>5</td></tr><tr><td>8</td><td>currency translation adjustment</td><td>-11 ( 11 )</td><td>17</td><td>-24 ( 24 )</td></tr><tr><td>9</td><td>balance at december 31</td><td>$ -308 ( 308 )</td><td>$ -435 ( 435 )</td><td>$ -794 ( 794 )</td></tr></table> included in the balance at december 31 , 2009 and 2008 are $ 56 million and $ 9 million , respectively , for tax positions for which the ultimate benefits are highly certain , but for which there is uncertainty about the timing of such benefits . however , except for the possible effect of any penalties , any dis- allowance that would change the timing of these benefits would not affect the annual effective tax rate , but would accelerate the payment of cash to the taxing authority to an earlier period . the company accrues interest on unrecognized tax benefits as a component of interest expense . penal- ties , if incurred , are recognized as a component of income tax expense . the company had approx- imately $ 95 million and $ 74 million accrued for the payment of estimated interest and penalties asso- ciated with unrecognized tax benefits at december 31 , 2009 and 2008 , respectively . the major jurisdictions where the company files income tax returns are the united states , brazil , france , poland and russia . generally , tax years 2002 through 2009 remain open and subject to examina- tion by the relevant tax authorities . the company is typically engaged in various tax examinations at any given time , both in the united states and overseas . currently , the company is engaged in discussions with the u.s . internal revenue service regarding the examination of tax years 2006 and 2007 . as a result of these discussions , other pending tax audit settle- ments , and the expiration of statutes of limitation , the company currently estimates that the amount of unrecognized tax benefits could be reduced by up to $ 125 million during the next twelve months . during 2009 , unrecognized tax benefits decreased by $ 127 million . while the company believes that it is adequately accrued for possible audit adjustments , the final resolution of these examinations cannot be determined at this time and could result in final settlements that differ from current estimates . the company 2019s 2009 income tax provision of $ 469 million included $ 279 million related to special items and other charges , consisting of a $ 534 million tax benefit related to restructuring and other charges , a $ 650 million tax expense for the alternative fuel mixture credit , and $ 163 million of tax-related adjustments including a $ 156 million tax expense to establish a valuation allowance for net operating loss carryforwards in france , a $ 26 million tax benefit for the effective settlement of federal tax audits , a $ 15 million tax expense to establish a valuation allow- ance for louisiana recycling credits , and $ 18 million of other income tax adjustments . excluding the impact of special items , the tax provision was .
Question: by how much did the unrecognized tax benefits change between 2007 and 2008?
Answer: 359.0
Question: and between 2008 and 2009?
| 127.0 |
CONVFINQA6975 | 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.
shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the sec , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing . the following graph shows a five year comparison of cumulative total shareowners 2019 returns for our class b common stock , the standard & poor 2019s 500 index and the dow jones transportation average . the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2011 in the standard & poor 2019s 500 index , the dow jones transportation average and our class b common stock. . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/31/2011</td><td>12/31/2012</td><td>12/31/2013</td><td>12/31/2014</td><td>12/31/2015</td><td>12/31/2016</td></tr><tr><td>2</td><td>united parcel service inc .</td><td>$ 100.00</td><td>$ 103.84</td><td>$ 152.16</td><td>$ 165.35</td><td>$ 154.61</td><td>$ 189.72</td></tr><tr><td>3</td><td>standard & poor 2019s 500 index</td><td>$ 100.00</td><td>$ 115.99</td><td>$ 153.54</td><td>$ 174.54</td><td>$ 176.94</td><td>$ 198.09</td></tr><tr><td>4</td><td>dow jones transportation average</td><td>$ 100.00</td><td>$ 107.49</td><td>$ 151.97</td><td>$ 190.07</td><td>$ 158.22</td><td>$ 192.80</td></tr></table> .
Question: what was the net change in the ups share price from 2011 to 2016?
| 89.72 |
CONVFINQA6976 | 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.
shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the sec , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing . the following graph shows a five year comparison of cumulative total shareowners 2019 returns for our class b common stock , the standard & poor 2019s 500 index and the dow jones transportation average . the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2011 in the standard & poor 2019s 500 index , the dow jones transportation average and our class b common stock. . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/31/2011</td><td>12/31/2012</td><td>12/31/2013</td><td>12/31/2014</td><td>12/31/2015</td><td>12/31/2016</td></tr><tr><td>2</td><td>united parcel service inc .</td><td>$ 100.00</td><td>$ 103.84</td><td>$ 152.16</td><td>$ 165.35</td><td>$ 154.61</td><td>$ 189.72</td></tr><tr><td>3</td><td>standard & poor 2019s 500 index</td><td>$ 100.00</td><td>$ 115.99</td><td>$ 153.54</td><td>$ 174.54</td><td>$ 176.94</td><td>$ 198.09</td></tr><tr><td>4</td><td>dow jones transportation average</td><td>$ 100.00</td><td>$ 107.49</td><td>$ 151.97</td><td>$ 190.07</td><td>$ 158.22</td><td>$ 192.80</td></tr></table> .
Question: what was the net change in the ups share price from 2011 to 2016?
Answer: 89.72
Question: what is the percent change?
| 0.8972 |
CONVFINQA6977 | 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.
shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the sec , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing . the following graph shows a five year comparison of cumulative total shareowners 2019 returns for our class b common stock , the standard & poor 2019s 500 index and the dow jones transportation average . the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2011 in the standard & poor 2019s 500 index , the dow jones transportation average and our class b common stock. . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/31/2011</td><td>12/31/2012</td><td>12/31/2013</td><td>12/31/2014</td><td>12/31/2015</td><td>12/31/2016</td></tr><tr><td>2</td><td>united parcel service inc .</td><td>$ 100.00</td><td>$ 103.84</td><td>$ 152.16</td><td>$ 165.35</td><td>$ 154.61</td><td>$ 189.72</td></tr><tr><td>3</td><td>standard & poor 2019s 500 index</td><td>$ 100.00</td><td>$ 115.99</td><td>$ 153.54</td><td>$ 174.54</td><td>$ 176.94</td><td>$ 198.09</td></tr><tr><td>4</td><td>dow jones transportation average</td><td>$ 100.00</td><td>$ 107.49</td><td>$ 151.97</td><td>$ 190.07</td><td>$ 158.22</td><td>$ 192.80</td></tr></table> .
Question: what was the net change in the ups share price from 2011 to 2016?
Answer: 89.72
Question: what is the percent change?
Answer: 0.8972
Question: what is the net change in the s&p 500 index from 2011 to 2016?
| 98.09 |
CONVFINQA6978 | 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.
shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the sec , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing . the following graph shows a five year comparison of cumulative total shareowners 2019 returns for our class b common stock , the standard & poor 2019s 500 index and the dow jones transportation average . the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2011 in the standard & poor 2019s 500 index , the dow jones transportation average and our class b common stock. . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/31/2011</td><td>12/31/2012</td><td>12/31/2013</td><td>12/31/2014</td><td>12/31/2015</td><td>12/31/2016</td></tr><tr><td>2</td><td>united parcel service inc .</td><td>$ 100.00</td><td>$ 103.84</td><td>$ 152.16</td><td>$ 165.35</td><td>$ 154.61</td><td>$ 189.72</td></tr><tr><td>3</td><td>standard & poor 2019s 500 index</td><td>$ 100.00</td><td>$ 115.99</td><td>$ 153.54</td><td>$ 174.54</td><td>$ 176.94</td><td>$ 198.09</td></tr><tr><td>4</td><td>dow jones transportation average</td><td>$ 100.00</td><td>$ 107.49</td><td>$ 151.97</td><td>$ 190.07</td><td>$ 158.22</td><td>$ 192.80</td></tr></table> .
Question: what was the net change in the ups share price from 2011 to 2016?
Answer: 89.72
Question: what is the percent change?
Answer: 0.8972
Question: what is the net change in the s&p 500 index from 2011 to 2016?
Answer: 98.09
Question: what is the percent change?
| 0.9809 |
CONVFINQA6979 | 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.
shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the sec , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing . the following graph shows a five year comparison of cumulative total shareowners 2019 returns for our class b common stock , the standard & poor 2019s 500 index and the dow jones transportation average . the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2011 in the standard & poor 2019s 500 index , the dow jones transportation average and our class b common stock. . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/31/2011</td><td>12/31/2012</td><td>12/31/2013</td><td>12/31/2014</td><td>12/31/2015</td><td>12/31/2016</td></tr><tr><td>2</td><td>united parcel service inc .</td><td>$ 100.00</td><td>$ 103.84</td><td>$ 152.16</td><td>$ 165.35</td><td>$ 154.61</td><td>$ 189.72</td></tr><tr><td>3</td><td>standard & poor 2019s 500 index</td><td>$ 100.00</td><td>$ 115.99</td><td>$ 153.54</td><td>$ 174.54</td><td>$ 176.94</td><td>$ 198.09</td></tr><tr><td>4</td><td>dow jones transportation average</td><td>$ 100.00</td><td>$ 107.49</td><td>$ 151.97</td><td>$ 190.07</td><td>$ 158.22</td><td>$ 192.80</td></tr></table> .
Question: what was the net change in the ups share price from 2011 to 2016?
Answer: 89.72
Question: what is the percent change?
Answer: 0.8972
Question: what is the net change in the s&p 500 index from 2011 to 2016?
Answer: 98.09
Question: what is the percent change?
Answer: 0.9809
Question: what is the difference between the two percents?
| -0.0837 |
CONVFINQA6980 | 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 jpmorgan chase & co./2009 annual report 130 the following histogram illustrates the daily market risk 2013related gains and losses for ib and consumer/cio positions for 2009 . the chart shows that the firm posted market risk 2013related gains on 227 out of 261 days in this period , with 69 days exceeding $ 160 million . the inset graph looks at those days on which the firm experienced losses and depicts the amount by which the 95% ( 95 % ) confidence level var exceeded the actual loss on each of those days . losses were sustained on 34 days during 2009 and exceeded the var measure on one day due to high market volatility in the first quarter of 2009 . under the 95% ( 95 % ) confidence interval , the firm would expect to incur daily losses greater than that pre- dicted by var estimates about twelve times a year . the following table provides information about the gross sensitivity of dva to a one-basis-point increase in jpmorgan chase 2019s credit spreads . this sensitivity represents the impact from a one-basis-point parallel shift in jpmorgan chase 2019s entire credit curve . as credit curves do not typically move in a parallel fashion , the sensitivity multiplied by the change in spreads at a single maturity point may not be representative of the actual revenue recognized . debit valuation adjustment sensitivity 1 basis point increase in ( in millions ) jpmorgan chase credit spread . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>1 basis point increase in jpmorgan chase credit spread</td></tr><tr><td>2</td><td>december 31 2009</td><td>$ 39</td></tr><tr><td>3</td><td>december 31 2008</td><td>$ 37</td></tr></table> loss advisories and drawdowns loss advisories and drawdowns are tools used to highlight to senior management trading losses above certain levels and initiate discus- sion of remedies . economic value stress testing while var reflects the risk of loss due to adverse changes in normal markets , stress testing captures the firm 2019s exposure to unlikely but plausible events in abnormal markets . the firm conducts economic- value stress tests using multiple scenarios that assume credit spreads widen significantly , equity prices decline and significant changes in interest rates across the major currencies . other scenar- ios focus on the risks predominant in individual business segments and include scenarios that focus on the potential for adverse movements in complex portfolios . scenarios were updated more frequently in 2009 and , in some cases , redefined to reflect the signifi- cant market volatility which began in late 2008 . along with var , stress testing is important in measuring and controlling risk . stress testing enhances the understanding of the firm 2019s risk profile and loss potential , and stress losses are monitored against limits . stress testing is also utilized in one-off approvals and cross-business risk measurement , as well as an input to economic capital allocation . stress-test results , trends and explanations based on current market risk positions are reported to the firm 2019s senior management and to the lines of business to help them better measure and manage risks and to understand event risk 2013sensitive positions. .
Question: what was the basis point increase in jpmorgan chase credit spread in 2009?
| 39.0 |
CONVFINQA6981 | 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 jpmorgan chase & co./2009 annual report 130 the following histogram illustrates the daily market risk 2013related gains and losses for ib and consumer/cio positions for 2009 . the chart shows that the firm posted market risk 2013related gains on 227 out of 261 days in this period , with 69 days exceeding $ 160 million . the inset graph looks at those days on which the firm experienced losses and depicts the amount by which the 95% ( 95 % ) confidence level var exceeded the actual loss on each of those days . losses were sustained on 34 days during 2009 and exceeded the var measure on one day due to high market volatility in the first quarter of 2009 . under the 95% ( 95 % ) confidence interval , the firm would expect to incur daily losses greater than that pre- dicted by var estimates about twelve times a year . the following table provides information about the gross sensitivity of dva to a one-basis-point increase in jpmorgan chase 2019s credit spreads . this sensitivity represents the impact from a one-basis-point parallel shift in jpmorgan chase 2019s entire credit curve . as credit curves do not typically move in a parallel fashion , the sensitivity multiplied by the change in spreads at a single maturity point may not be representative of the actual revenue recognized . debit valuation adjustment sensitivity 1 basis point increase in ( in millions ) jpmorgan chase credit spread . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>1 basis point increase in jpmorgan chase credit spread</td></tr><tr><td>2</td><td>december 31 2009</td><td>$ 39</td></tr><tr><td>3</td><td>december 31 2008</td><td>$ 37</td></tr></table> loss advisories and drawdowns loss advisories and drawdowns are tools used to highlight to senior management trading losses above certain levels and initiate discus- sion of remedies . economic value stress testing while var reflects the risk of loss due to adverse changes in normal markets , stress testing captures the firm 2019s exposure to unlikely but plausible events in abnormal markets . the firm conducts economic- value stress tests using multiple scenarios that assume credit spreads widen significantly , equity prices decline and significant changes in interest rates across the major currencies . other scenar- ios focus on the risks predominant in individual business segments and include scenarios that focus on the potential for adverse movements in complex portfolios . scenarios were updated more frequently in 2009 and , in some cases , redefined to reflect the signifi- cant market volatility which began in late 2008 . along with var , stress testing is important in measuring and controlling risk . stress testing enhances the understanding of the firm 2019s risk profile and loss potential , and stress losses are monitored against limits . stress testing is also utilized in one-off approvals and cross-business risk measurement , as well as an input to economic capital allocation . stress-test results , trends and explanations based on current market risk positions are reported to the firm 2019s senior management and to the lines of business to help them better measure and manage risks and to understand event risk 2013sensitive positions. .
Question: what was the basis point increase in jpmorgan chase credit spread in 2009?
Answer: 39.0
Question: and what was it in 2008?
| 37.0 |
CONVFINQA6982 | 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 jpmorgan chase & co./2009 annual report 130 the following histogram illustrates the daily market risk 2013related gains and losses for ib and consumer/cio positions for 2009 . the chart shows that the firm posted market risk 2013related gains on 227 out of 261 days in this period , with 69 days exceeding $ 160 million . the inset graph looks at those days on which the firm experienced losses and depicts the amount by which the 95% ( 95 % ) confidence level var exceeded the actual loss on each of those days . losses were sustained on 34 days during 2009 and exceeded the var measure on one day due to high market volatility in the first quarter of 2009 . under the 95% ( 95 % ) confidence interval , the firm would expect to incur daily losses greater than that pre- dicted by var estimates about twelve times a year . the following table provides information about the gross sensitivity of dva to a one-basis-point increase in jpmorgan chase 2019s credit spreads . this sensitivity represents the impact from a one-basis-point parallel shift in jpmorgan chase 2019s entire credit curve . as credit curves do not typically move in a parallel fashion , the sensitivity multiplied by the change in spreads at a single maturity point may not be representative of the actual revenue recognized . debit valuation adjustment sensitivity 1 basis point increase in ( in millions ) jpmorgan chase credit spread . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>1 basis point increase in jpmorgan chase credit spread</td></tr><tr><td>2</td><td>december 31 2009</td><td>$ 39</td></tr><tr><td>3</td><td>december 31 2008</td><td>$ 37</td></tr></table> loss advisories and drawdowns loss advisories and drawdowns are tools used to highlight to senior management trading losses above certain levels and initiate discus- sion of remedies . economic value stress testing while var reflects the risk of loss due to adverse changes in normal markets , stress testing captures the firm 2019s exposure to unlikely but plausible events in abnormal markets . the firm conducts economic- value stress tests using multiple scenarios that assume credit spreads widen significantly , equity prices decline and significant changes in interest rates across the major currencies . other scenar- ios focus on the risks predominant in individual business segments and include scenarios that focus on the potential for adverse movements in complex portfolios . scenarios were updated more frequently in 2009 and , in some cases , redefined to reflect the signifi- cant market volatility which began in late 2008 . along with var , stress testing is important in measuring and controlling risk . stress testing enhances the understanding of the firm 2019s risk profile and loss potential , and stress losses are monitored against limits . stress testing is also utilized in one-off approvals and cross-business risk measurement , as well as an input to economic capital allocation . stress-test results , trends and explanations based on current market risk positions are reported to the firm 2019s senior management and to the lines of business to help them better measure and manage risks and to understand event risk 2013sensitive positions. .
Question: what was the basis point increase in jpmorgan chase credit spread in 2009?
Answer: 39.0
Question: and what was it in 2008?
Answer: 37.0
Question: what was, then, the change over the year?
| 2.0 |
CONVFINQA6983 | 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 jpmorgan chase & co./2009 annual report 130 the following histogram illustrates the daily market risk 2013related gains and losses for ib and consumer/cio positions for 2009 . the chart shows that the firm posted market risk 2013related gains on 227 out of 261 days in this period , with 69 days exceeding $ 160 million . the inset graph looks at those days on which the firm experienced losses and depicts the amount by which the 95% ( 95 % ) confidence level var exceeded the actual loss on each of those days . losses were sustained on 34 days during 2009 and exceeded the var measure on one day due to high market volatility in the first quarter of 2009 . under the 95% ( 95 % ) confidence interval , the firm would expect to incur daily losses greater than that pre- dicted by var estimates about twelve times a year . the following table provides information about the gross sensitivity of dva to a one-basis-point increase in jpmorgan chase 2019s credit spreads . this sensitivity represents the impact from a one-basis-point parallel shift in jpmorgan chase 2019s entire credit curve . as credit curves do not typically move in a parallel fashion , the sensitivity multiplied by the change in spreads at a single maturity point may not be representative of the actual revenue recognized . debit valuation adjustment sensitivity 1 basis point increase in ( in millions ) jpmorgan chase credit spread . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>1 basis point increase in jpmorgan chase credit spread</td></tr><tr><td>2</td><td>december 31 2009</td><td>$ 39</td></tr><tr><td>3</td><td>december 31 2008</td><td>$ 37</td></tr></table> loss advisories and drawdowns loss advisories and drawdowns are tools used to highlight to senior management trading losses above certain levels and initiate discus- sion of remedies . economic value stress testing while var reflects the risk of loss due to adverse changes in normal markets , stress testing captures the firm 2019s exposure to unlikely but plausible events in abnormal markets . the firm conducts economic- value stress tests using multiple scenarios that assume credit spreads widen significantly , equity prices decline and significant changes in interest rates across the major currencies . other scenar- ios focus on the risks predominant in individual business segments and include scenarios that focus on the potential for adverse movements in complex portfolios . scenarios were updated more frequently in 2009 and , in some cases , redefined to reflect the signifi- cant market volatility which began in late 2008 . along with var , stress testing is important in measuring and controlling risk . stress testing enhances the understanding of the firm 2019s risk profile and loss potential , and stress losses are monitored against limits . stress testing is also utilized in one-off approvals and cross-business risk measurement , as well as an input to economic capital allocation . stress-test results , trends and explanations based on current market risk positions are reported to the firm 2019s senior management and to the lines of business to help them better measure and manage risks and to understand event risk 2013sensitive positions. .
Question: what was the basis point increase in jpmorgan chase credit spread in 2009?
Answer: 39.0
Question: and what was it in 2008?
Answer: 37.0
Question: what was, then, the change over the year?
Answer: 2.0
Question: what was the basis point increase in jpmorgan chase credit spread in 2008?
| 37.0 |
CONVFINQA6984 | 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 jpmorgan chase & co./2009 annual report 130 the following histogram illustrates the daily market risk 2013related gains and losses for ib and consumer/cio positions for 2009 . the chart shows that the firm posted market risk 2013related gains on 227 out of 261 days in this period , with 69 days exceeding $ 160 million . the inset graph looks at those days on which the firm experienced losses and depicts the amount by which the 95% ( 95 % ) confidence level var exceeded the actual loss on each of those days . losses were sustained on 34 days during 2009 and exceeded the var measure on one day due to high market volatility in the first quarter of 2009 . under the 95% ( 95 % ) confidence interval , the firm would expect to incur daily losses greater than that pre- dicted by var estimates about twelve times a year . the following table provides information about the gross sensitivity of dva to a one-basis-point increase in jpmorgan chase 2019s credit spreads . this sensitivity represents the impact from a one-basis-point parallel shift in jpmorgan chase 2019s entire credit curve . as credit curves do not typically move in a parallel fashion , the sensitivity multiplied by the change in spreads at a single maturity point may not be representative of the actual revenue recognized . debit valuation adjustment sensitivity 1 basis point increase in ( in millions ) jpmorgan chase credit spread . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>1 basis point increase in jpmorgan chase credit spread</td></tr><tr><td>2</td><td>december 31 2009</td><td>$ 39</td></tr><tr><td>3</td><td>december 31 2008</td><td>$ 37</td></tr></table> loss advisories and drawdowns loss advisories and drawdowns are tools used to highlight to senior management trading losses above certain levels and initiate discus- sion of remedies . economic value stress testing while var reflects the risk of loss due to adverse changes in normal markets , stress testing captures the firm 2019s exposure to unlikely but plausible events in abnormal markets . the firm conducts economic- value stress tests using multiple scenarios that assume credit spreads widen significantly , equity prices decline and significant changes in interest rates across the major currencies . other scenar- ios focus on the risks predominant in individual business segments and include scenarios that focus on the potential for adverse movements in complex portfolios . scenarios were updated more frequently in 2009 and , in some cases , redefined to reflect the signifi- cant market volatility which began in late 2008 . along with var , stress testing is important in measuring and controlling risk . stress testing enhances the understanding of the firm 2019s risk profile and loss potential , and stress losses are monitored against limits . stress testing is also utilized in one-off approvals and cross-business risk measurement , as well as an input to economic capital allocation . stress-test results , trends and explanations based on current market risk positions are reported to the firm 2019s senior management and to the lines of business to help them better measure and manage risks and to understand event risk 2013sensitive positions. .
Question: what was the basis point increase in jpmorgan chase credit spread in 2009?
Answer: 39.0
Question: and what was it in 2008?
Answer: 37.0
Question: what was, then, the change over the year?
Answer: 2.0
Question: what was the basis point increase in jpmorgan chase credit spread in 2008?
Answer: 37.0
Question: and how much does that change represent in relation to this 2008 basis point increase, in percentage?
| 0.05405 |
CONVFINQA6985 | 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.
1 2 4 n o t e s effective january 1 , 2011 , all u.s . employees , including u.s . legacy bgi employees , will participate in the brsp . all plan assets in the two legacy bgi plans , including the 401k plan and retirement plan ( see below ) , were merged into the brsp on january 1 , 2011 . under the combined brsp , employee contributions of up to 8% ( 8 % ) of eligible compensation , as defined by the plan and subject to irc limitations , will be matched by the company at 50% ( 50 % ) . in addition , the company will continue to make an annual retirement contribution to eligible participants equal to 3-5% ( 3-5 % ) of eligible compensation . blackrock institutional trust company 401 ( k ) savings plan ( formerly the bgi 401 ( k ) savings plan ) the company assumed a 401 ( k ) plan ( the 201cbgi plan 201d ) covering employees of former bgi as a result of the bgi transaction . as part of the bgi plan , employee contributions for participants with at least one year of service were matched at 200% ( 200 % ) of participants 2019 pre-tax contributions up to 2% ( 2 % ) of base salary and overtime , and matched 100% ( 100 % ) of the next 2% ( 2 % ) of base salary and overtime , as defined by the plan and subject to irc limitations . the maximum matching contribution a participant would have received is an amount equal to 6% ( 6 % ) of base salary up to the irc limitations . the bgi plan expense was $ 12 million for the year ended december 31 , 2010 and immaterial to the company 2019s consolidated financial statements for the year ended december 31 , 2009 . effective january 1 , 2011 , the net assets of this plan merged into the brsp . blackrock institutional trust company retirement plan ( formerly the bgi retirement plan ) the company assumed a defined contribution money purchase pension plan ( 201cbgi retirement plan 201d ) as a result of the bgi transaction . all salaried employees of former bgi and its participating affiliates who were u.s . residents on the u.s . payroll were eligible to participate . for participants earning less than $ 100000 in base salary , the company contributed 6% ( 6 % ) of a participant 2019s total compensation ( base salary , overtime and performance bonus ) up to $ 100000 . for participants earning $ 100000 or more in base salary , the company contributed 6% ( 6 % ) of a participant 2019s base salary and overtime up to the irc limita- tion of $ 245000 in 2010 . these contributions were 25% ( 25 % ) vested once the participant has completed two years of service and then vested at a rate of 25% ( 25 % ) for each additional year of service completed . employees with five or more years of service under the retirement plan were 100% ( 100 % ) vested in their entire balance . the retirement plan expense was $ 13 million for the year ended december 31 , 2010 and immaterial to the company 2019s consolidated financial statements for the year ended december 31 , 2009 . effective january 1 , 2011 , the net assets of this plan merged into the brsp . blackrock group personal pension plan blackrock investment management ( uk ) limited ( 201cbim 201d ) , a wholly-owned subsidiary of the company , contributes to the blackrock group personal pension plan , a defined contribution plan for all employees of bim . bim contributes between 6% ( 6 % ) and 15% ( 15 % ) of each employee 2019s eligible compensation . the expense for this plan was $ 22 million , $ 13 million and $ 16 million for the years ended december 31 , 2010 , 2009 and 2008 , respectively . defined benefit plans in 2009 , prior to the bgi transaction , the company had several defined benefit pension plans in japan , germany , luxembourg and jersey . all accrued benefits under these defined benefit plans are currently frozen and the plans are closed to new participants . in 2008 , the defined benefit pension values in luxembourg were transferred into a new defined contribution plan for such employees , removing future liabilities . participant benefits under the plans will not change with salary increases or additional years of service . through the bgi transaction , the company assumed defined benefit pension plans in japan and germany which are closed to new participants . during 2010 , these plans merged into the legacy blackrock plans in japan ( the 201cjapan plan 201d ) and germany . at december 31 , 2010 and 2009 , the plan assets for these plans were approximately $ 19 million and $ 10 million , respectively , and the unfunded obligations were less than $ 6 million and $ 3 million , respectively , which were recorded in accrued compensation and benefits on the consolidated statements of financial condition . benefit payments for the next five years and in aggregate for the five years thereafter are not expected to be material . defined benefit plan assets for the japan plan of approximately $ 16 million are invested using a total return investment approach whereby a mix of equity securities , debt securities and other investments are used to preserve asset values , diversify risk and achieve the target investment return benchmark . investment strategies and asset allocations are based on consideration of plan liabilities and the funded status of the plan . investment performance and asset allocation are measured and monitored on an ongoing basis . the current target allocations for the plan assets are 45-50% ( 45-50 % ) for u.s . and international equity securities , 50-55% ( 50-55 % ) for u.s . and international fixed income securities and 0-5% ( 0-5 % ) for cash and cash equivalents . the table below provides the fair value of the defined benefit japan plan assets at december 31 , 2010 by asset category . the table also identifies the level of inputs used to determine the fair value of assets in each category . quoted prices significant in active other markets for observable identical assets inputs december 31 , ( dollar amounts in millions ) ( level 1 ) ( level 2 ) 2010 . <table class='wikitable'><tr><td>1</td><td>( dollar amounts in millions )</td><td>quoted prices inactive marketsfor identical assets ( level 1 )</td><td>significant other observable inputs ( level 2 )</td><td>december 31 2010</td></tr><tr><td>2</td><td>cash and cash equivalents</td><td>$ 9</td><td>$ 2014</td><td>$ 9</td></tr><tr><td>3</td><td>equity securities</td><td>4</td><td>2014</td><td>4</td></tr><tr><td>4</td><td>fixed income securities</td><td>2014</td><td>3</td><td>3</td></tr><tr><td>5</td><td>fair value of plan assets</td><td>$ 13</td><td>$ 3</td><td>$ 16</td></tr></table> the assets and unfunded obligation for the defined benefit pension plan in germany and jersey were immaterial to the company 2019s consolidated financial statements at december 31 , 2010 . post-retirement benefit plans prior to the bgi transaction , the company had requirements to deliver post-retirement medical benefits to a closed population based in the united kingdom and through the bgi transaction , the company assumed a post-retirement benefit plan to a closed population of former bgi employees in the united kingdom . for the years ended december 31 , 2010 , 2009 and 2008 , expenses and unfunded obligations for these benefits were immaterial to the company 2019s consolidated financial statements . in addition , through the bgi transaction , the company assumed a requirement to deliver post-retirement medical benefits to a .
Question: what is the net difference in expenses related to personal pension plans from 2008 to 2009?
| -3.0 |
CONVFINQA6986 | 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.
1 2 4 n o t e s effective january 1 , 2011 , all u.s . employees , including u.s . legacy bgi employees , will participate in the brsp . all plan assets in the two legacy bgi plans , including the 401k plan and retirement plan ( see below ) , were merged into the brsp on january 1 , 2011 . under the combined brsp , employee contributions of up to 8% ( 8 % ) of eligible compensation , as defined by the plan and subject to irc limitations , will be matched by the company at 50% ( 50 % ) . in addition , the company will continue to make an annual retirement contribution to eligible participants equal to 3-5% ( 3-5 % ) of eligible compensation . blackrock institutional trust company 401 ( k ) savings plan ( formerly the bgi 401 ( k ) savings plan ) the company assumed a 401 ( k ) plan ( the 201cbgi plan 201d ) covering employees of former bgi as a result of the bgi transaction . as part of the bgi plan , employee contributions for participants with at least one year of service were matched at 200% ( 200 % ) of participants 2019 pre-tax contributions up to 2% ( 2 % ) of base salary and overtime , and matched 100% ( 100 % ) of the next 2% ( 2 % ) of base salary and overtime , as defined by the plan and subject to irc limitations . the maximum matching contribution a participant would have received is an amount equal to 6% ( 6 % ) of base salary up to the irc limitations . the bgi plan expense was $ 12 million for the year ended december 31 , 2010 and immaterial to the company 2019s consolidated financial statements for the year ended december 31 , 2009 . effective january 1 , 2011 , the net assets of this plan merged into the brsp . blackrock institutional trust company retirement plan ( formerly the bgi retirement plan ) the company assumed a defined contribution money purchase pension plan ( 201cbgi retirement plan 201d ) as a result of the bgi transaction . all salaried employees of former bgi and its participating affiliates who were u.s . residents on the u.s . payroll were eligible to participate . for participants earning less than $ 100000 in base salary , the company contributed 6% ( 6 % ) of a participant 2019s total compensation ( base salary , overtime and performance bonus ) up to $ 100000 . for participants earning $ 100000 or more in base salary , the company contributed 6% ( 6 % ) of a participant 2019s base salary and overtime up to the irc limita- tion of $ 245000 in 2010 . these contributions were 25% ( 25 % ) vested once the participant has completed two years of service and then vested at a rate of 25% ( 25 % ) for each additional year of service completed . employees with five or more years of service under the retirement plan were 100% ( 100 % ) vested in their entire balance . the retirement plan expense was $ 13 million for the year ended december 31 , 2010 and immaterial to the company 2019s consolidated financial statements for the year ended december 31 , 2009 . effective january 1 , 2011 , the net assets of this plan merged into the brsp . blackrock group personal pension plan blackrock investment management ( uk ) limited ( 201cbim 201d ) , a wholly-owned subsidiary of the company , contributes to the blackrock group personal pension plan , a defined contribution plan for all employees of bim . bim contributes between 6% ( 6 % ) and 15% ( 15 % ) of each employee 2019s eligible compensation . the expense for this plan was $ 22 million , $ 13 million and $ 16 million for the years ended december 31 , 2010 , 2009 and 2008 , respectively . defined benefit plans in 2009 , prior to the bgi transaction , the company had several defined benefit pension plans in japan , germany , luxembourg and jersey . all accrued benefits under these defined benefit plans are currently frozen and the plans are closed to new participants . in 2008 , the defined benefit pension values in luxembourg were transferred into a new defined contribution plan for such employees , removing future liabilities . participant benefits under the plans will not change with salary increases or additional years of service . through the bgi transaction , the company assumed defined benefit pension plans in japan and germany which are closed to new participants . during 2010 , these plans merged into the legacy blackrock plans in japan ( the 201cjapan plan 201d ) and germany . at december 31 , 2010 and 2009 , the plan assets for these plans were approximately $ 19 million and $ 10 million , respectively , and the unfunded obligations were less than $ 6 million and $ 3 million , respectively , which were recorded in accrued compensation and benefits on the consolidated statements of financial condition . benefit payments for the next five years and in aggregate for the five years thereafter are not expected to be material . defined benefit plan assets for the japan plan of approximately $ 16 million are invested using a total return investment approach whereby a mix of equity securities , debt securities and other investments are used to preserve asset values , diversify risk and achieve the target investment return benchmark . investment strategies and asset allocations are based on consideration of plan liabilities and the funded status of the plan . investment performance and asset allocation are measured and monitored on an ongoing basis . the current target allocations for the plan assets are 45-50% ( 45-50 % ) for u.s . and international equity securities , 50-55% ( 50-55 % ) for u.s . and international fixed income securities and 0-5% ( 0-5 % ) for cash and cash equivalents . the table below provides the fair value of the defined benefit japan plan assets at december 31 , 2010 by asset category . the table also identifies the level of inputs used to determine the fair value of assets in each category . quoted prices significant in active other markets for observable identical assets inputs december 31 , ( dollar amounts in millions ) ( level 1 ) ( level 2 ) 2010 . <table class='wikitable'><tr><td>1</td><td>( dollar amounts in millions )</td><td>quoted prices inactive marketsfor identical assets ( level 1 )</td><td>significant other observable inputs ( level 2 )</td><td>december 31 2010</td></tr><tr><td>2</td><td>cash and cash equivalents</td><td>$ 9</td><td>$ 2014</td><td>$ 9</td></tr><tr><td>3</td><td>equity securities</td><td>4</td><td>2014</td><td>4</td></tr><tr><td>4</td><td>fixed income securities</td><td>2014</td><td>3</td><td>3</td></tr><tr><td>5</td><td>fair value of plan assets</td><td>$ 13</td><td>$ 3</td><td>$ 16</td></tr></table> the assets and unfunded obligation for the defined benefit pension plan in germany and jersey were immaterial to the company 2019s consolidated financial statements at december 31 , 2010 . post-retirement benefit plans prior to the bgi transaction , the company had requirements to deliver post-retirement medical benefits to a closed population based in the united kingdom and through the bgi transaction , the company assumed a post-retirement benefit plan to a closed population of former bgi employees in the united kingdom . for the years ended december 31 , 2010 , 2009 and 2008 , expenses and unfunded obligations for these benefits were immaterial to the company 2019s consolidated financial statements . in addition , through the bgi transaction , the company assumed a requirement to deliver post-retirement medical benefits to a .
Question: what is the net difference in expenses related to personal pension plans from 2008 to 2009?
Answer: -3.0
Question: what is that change divided by the 2008 value?
| -0.1875 |
CONVFINQA6987 | 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.
table of contents the following discussion of nonoperating income and expense excludes the results of the merger in order to provide a more meaningful year-over-year comparison . interest expense , net of capitalized interest decreased $ 249 million in 2014 from 2013 primarily due to a $ 149 million decrease in special charges recognized year-over-year as further described below , as well as refinancing activities that resulted in $ 100 million less interest expense recognized in 2014 . ( 1 ) in 2014 , we recognized $ 33 million of special charges relating to non-cash interest accretion on bankruptcy settlement obligations . in 2013 , we recognized $ 138 million of special charges relating to post-petition interest expense on unsecured obligations pursuant to the plan and penalty interest related to american 2019s 10.5% ( 10.5 % ) secured notes and 7.50% ( 7.50 % ) senior secured notes . in addition , in 2013 we recorded special charges of $ 44 million for debt extinguishment costs incurred as a result of the repayment of certain aircraft secured indebtedness , including cash interest charges and non-cash write offs of unamortized debt issuance costs . ( 2 ) as a result of the 2013 refinancing activities and the early extinguishment of american 2019s 7.50% ( 7.50 % ) senior secured notes in 2014 , we recognized $ 100 million less interest expense in 2014 as compared to 2013 . other nonoperating expense , net in 2014 consisted of $ 114 million of net foreign currency losses , including a $ 43 million special charge for venezuelan foreign currency losses , and $ 56 million in other nonoperating special charges primarily due to early debt extinguishment costs related to the prepayment of our 7.50% ( 7.50 % ) senior secured notes and other indebtedness . the foreign currency losses were driven primarily by the strengthening of the u.s . dollar relative to other currencies during 2014 , principally in the latin american market , including a 48% ( 48 % ) decrease in the value of the venezuelan bolivar and a 14% ( 14 % ) decrease in the value of the brazilian real . other nonoperating expense , net in 2013 consisted principally of net foreign currency losses of $ 56 million and early debt extinguishment charges of $ 29 million . reorganization items , net reorganization items refer to revenues , expenses ( including professional fees ) , realized gains and losses and provisions for losses that are realized or incurred as a direct result of the chapter 11 cases . the following table summarizes the components included in reorganization items , net on aag 2019s consolidated statement of operations for the year ended december 31 , 2013 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2013</td></tr><tr><td>2</td><td>labor-related deemed claim ( 1 )</td><td>$ 1733</td></tr><tr><td>3</td><td>aircraft and facility financing renegotiations and rejections ( 2 ) ( 3 )</td><td>325</td></tr><tr><td>4</td><td>fair value of conversion discount ( 4 )</td><td>218</td></tr><tr><td>5</td><td>professional fees</td><td>199</td></tr><tr><td>6</td><td>other</td><td>180</td></tr><tr><td>7</td><td>total reorganization items net</td><td>$ 2655</td></tr></table> ( 1 ) in exchange for employees 2019 contributions to the successful reorganization , including agreeing to reductions in pay and benefits , we agreed in the plan to provide each employee group a deemed claim , which was used to provide a distribution of a portion of the equity of the reorganized entity to those employees . each employee group received a deemed claim amount based upon a portion of the value of cost savings provided by that group through reductions to pay and benefits as well as through certain work rule changes . the total value of this deemed claim was approximately $ 1.7 billion . ( 2 ) amounts include allowed claims ( claims approved by the bankruptcy court ) and estimated allowed claims relating to ( i ) the rejection or modification of financings related to aircraft and ( ii ) entry of orders treated as unsecured claims with respect to facility agreements supporting certain issuances of special facility revenue bonds . the debtors recorded an estimated claim associated with the rejection or modification of a financing .
Question: what was the amount of the labor-related deemed claim in 2013?
| 1733.0 |
CONVFINQA6988 | 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.
table of contents the following discussion of nonoperating income and expense excludes the results of the merger in order to provide a more meaningful year-over-year comparison . interest expense , net of capitalized interest decreased $ 249 million in 2014 from 2013 primarily due to a $ 149 million decrease in special charges recognized year-over-year as further described below , as well as refinancing activities that resulted in $ 100 million less interest expense recognized in 2014 . ( 1 ) in 2014 , we recognized $ 33 million of special charges relating to non-cash interest accretion on bankruptcy settlement obligations . in 2013 , we recognized $ 138 million of special charges relating to post-petition interest expense on unsecured obligations pursuant to the plan and penalty interest related to american 2019s 10.5% ( 10.5 % ) secured notes and 7.50% ( 7.50 % ) senior secured notes . in addition , in 2013 we recorded special charges of $ 44 million for debt extinguishment costs incurred as a result of the repayment of certain aircraft secured indebtedness , including cash interest charges and non-cash write offs of unamortized debt issuance costs . ( 2 ) as a result of the 2013 refinancing activities and the early extinguishment of american 2019s 7.50% ( 7.50 % ) senior secured notes in 2014 , we recognized $ 100 million less interest expense in 2014 as compared to 2013 . other nonoperating expense , net in 2014 consisted of $ 114 million of net foreign currency losses , including a $ 43 million special charge for venezuelan foreign currency losses , and $ 56 million in other nonoperating special charges primarily due to early debt extinguishment costs related to the prepayment of our 7.50% ( 7.50 % ) senior secured notes and other indebtedness . the foreign currency losses were driven primarily by the strengthening of the u.s . dollar relative to other currencies during 2014 , principally in the latin american market , including a 48% ( 48 % ) decrease in the value of the venezuelan bolivar and a 14% ( 14 % ) decrease in the value of the brazilian real . other nonoperating expense , net in 2013 consisted principally of net foreign currency losses of $ 56 million and early debt extinguishment charges of $ 29 million . reorganization items , net reorganization items refer to revenues , expenses ( including professional fees ) , realized gains and losses and provisions for losses that are realized or incurred as a direct result of the chapter 11 cases . the following table summarizes the components included in reorganization items , net on aag 2019s consolidated statement of operations for the year ended december 31 , 2013 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2013</td></tr><tr><td>2</td><td>labor-related deemed claim ( 1 )</td><td>$ 1733</td></tr><tr><td>3</td><td>aircraft and facility financing renegotiations and rejections ( 2 ) ( 3 )</td><td>325</td></tr><tr><td>4</td><td>fair value of conversion discount ( 4 )</td><td>218</td></tr><tr><td>5</td><td>professional fees</td><td>199</td></tr><tr><td>6</td><td>other</td><td>180</td></tr><tr><td>7</td><td>total reorganization items net</td><td>$ 2655</td></tr></table> ( 1 ) in exchange for employees 2019 contributions to the successful reorganization , including agreeing to reductions in pay and benefits , we agreed in the plan to provide each employee group a deemed claim , which was used to provide a distribution of a portion of the equity of the reorganized entity to those employees . each employee group received a deemed claim amount based upon a portion of the value of cost savings provided by that group through reductions to pay and benefits as well as through certain work rule changes . the total value of this deemed claim was approximately $ 1.7 billion . ( 2 ) amounts include allowed claims ( claims approved by the bankruptcy court ) and estimated allowed claims relating to ( i ) the rejection or modification of financings related to aircraft and ( ii ) entry of orders treated as unsecured claims with respect to facility agreements supporting certain issuances of special facility revenue bonds . the debtors recorded an estimated claim associated with the rejection or modification of a financing .
Question: what was the amount of the labor-related deemed claim in 2013?
Answer: 1733.0
Question: and what was the value of the total reorganization items net in that year?
| 2655.0 |
CONVFINQA6989 | 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.
table of contents the following discussion of nonoperating income and expense excludes the results of the merger in order to provide a more meaningful year-over-year comparison . interest expense , net of capitalized interest decreased $ 249 million in 2014 from 2013 primarily due to a $ 149 million decrease in special charges recognized year-over-year as further described below , as well as refinancing activities that resulted in $ 100 million less interest expense recognized in 2014 . ( 1 ) in 2014 , we recognized $ 33 million of special charges relating to non-cash interest accretion on bankruptcy settlement obligations . in 2013 , we recognized $ 138 million of special charges relating to post-petition interest expense on unsecured obligations pursuant to the plan and penalty interest related to american 2019s 10.5% ( 10.5 % ) secured notes and 7.50% ( 7.50 % ) senior secured notes . in addition , in 2013 we recorded special charges of $ 44 million for debt extinguishment costs incurred as a result of the repayment of certain aircraft secured indebtedness , including cash interest charges and non-cash write offs of unamortized debt issuance costs . ( 2 ) as a result of the 2013 refinancing activities and the early extinguishment of american 2019s 7.50% ( 7.50 % ) senior secured notes in 2014 , we recognized $ 100 million less interest expense in 2014 as compared to 2013 . other nonoperating expense , net in 2014 consisted of $ 114 million of net foreign currency losses , including a $ 43 million special charge for venezuelan foreign currency losses , and $ 56 million in other nonoperating special charges primarily due to early debt extinguishment costs related to the prepayment of our 7.50% ( 7.50 % ) senior secured notes and other indebtedness . the foreign currency losses were driven primarily by the strengthening of the u.s . dollar relative to other currencies during 2014 , principally in the latin american market , including a 48% ( 48 % ) decrease in the value of the venezuelan bolivar and a 14% ( 14 % ) decrease in the value of the brazilian real . other nonoperating expense , net in 2013 consisted principally of net foreign currency losses of $ 56 million and early debt extinguishment charges of $ 29 million . reorganization items , net reorganization items refer to revenues , expenses ( including professional fees ) , realized gains and losses and provisions for losses that are realized or incurred as a direct result of the chapter 11 cases . the following table summarizes the components included in reorganization items , net on aag 2019s consolidated statement of operations for the year ended december 31 , 2013 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2013</td></tr><tr><td>2</td><td>labor-related deemed claim ( 1 )</td><td>$ 1733</td></tr><tr><td>3</td><td>aircraft and facility financing renegotiations and rejections ( 2 ) ( 3 )</td><td>325</td></tr><tr><td>4</td><td>fair value of conversion discount ( 4 )</td><td>218</td></tr><tr><td>5</td><td>professional fees</td><td>199</td></tr><tr><td>6</td><td>other</td><td>180</td></tr><tr><td>7</td><td>total reorganization items net</td><td>$ 2655</td></tr></table> ( 1 ) in exchange for employees 2019 contributions to the successful reorganization , including agreeing to reductions in pay and benefits , we agreed in the plan to provide each employee group a deemed claim , which was used to provide a distribution of a portion of the equity of the reorganized entity to those employees . each employee group received a deemed claim amount based upon a portion of the value of cost savings provided by that group through reductions to pay and benefits as well as through certain work rule changes . the total value of this deemed claim was approximately $ 1.7 billion . ( 2 ) amounts include allowed claims ( claims approved by the bankruptcy court ) and estimated allowed claims relating to ( i ) the rejection or modification of financings related to aircraft and ( ii ) entry of orders treated as unsecured claims with respect to facility agreements supporting certain issuances of special facility revenue bonds . the debtors recorded an estimated claim associated with the rejection or modification of a financing .
Question: what was the amount of the labor-related deemed claim in 2013?
Answer: 1733.0
Question: and what was the value of the total reorganization items net in that year?
Answer: 2655.0
Question: what percentage, then, of this value does that amount represent?
| 0.65273 |
CONVFINQA6990 | 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.
table of contents the following discussion of nonoperating income and expense excludes the results of the merger in order to provide a more meaningful year-over-year comparison . interest expense , net of capitalized interest decreased $ 249 million in 2014 from 2013 primarily due to a $ 149 million decrease in special charges recognized year-over-year as further described below , as well as refinancing activities that resulted in $ 100 million less interest expense recognized in 2014 . ( 1 ) in 2014 , we recognized $ 33 million of special charges relating to non-cash interest accretion on bankruptcy settlement obligations . in 2013 , we recognized $ 138 million of special charges relating to post-petition interest expense on unsecured obligations pursuant to the plan and penalty interest related to american 2019s 10.5% ( 10.5 % ) secured notes and 7.50% ( 7.50 % ) senior secured notes . in addition , in 2013 we recorded special charges of $ 44 million for debt extinguishment costs incurred as a result of the repayment of certain aircraft secured indebtedness , including cash interest charges and non-cash write offs of unamortized debt issuance costs . ( 2 ) as a result of the 2013 refinancing activities and the early extinguishment of american 2019s 7.50% ( 7.50 % ) senior secured notes in 2014 , we recognized $ 100 million less interest expense in 2014 as compared to 2013 . other nonoperating expense , net in 2014 consisted of $ 114 million of net foreign currency losses , including a $ 43 million special charge for venezuelan foreign currency losses , and $ 56 million in other nonoperating special charges primarily due to early debt extinguishment costs related to the prepayment of our 7.50% ( 7.50 % ) senior secured notes and other indebtedness . the foreign currency losses were driven primarily by the strengthening of the u.s . dollar relative to other currencies during 2014 , principally in the latin american market , including a 48% ( 48 % ) decrease in the value of the venezuelan bolivar and a 14% ( 14 % ) decrease in the value of the brazilian real . other nonoperating expense , net in 2013 consisted principally of net foreign currency losses of $ 56 million and early debt extinguishment charges of $ 29 million . reorganization items , net reorganization items refer to revenues , expenses ( including professional fees ) , realized gains and losses and provisions for losses that are realized or incurred as a direct result of the chapter 11 cases . the following table summarizes the components included in reorganization items , net on aag 2019s consolidated statement of operations for the year ended december 31 , 2013 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2013</td></tr><tr><td>2</td><td>labor-related deemed claim ( 1 )</td><td>$ 1733</td></tr><tr><td>3</td><td>aircraft and facility financing renegotiations and rejections ( 2 ) ( 3 )</td><td>325</td></tr><tr><td>4</td><td>fair value of conversion discount ( 4 )</td><td>218</td></tr><tr><td>5</td><td>professional fees</td><td>199</td></tr><tr><td>6</td><td>other</td><td>180</td></tr><tr><td>7</td><td>total reorganization items net</td><td>$ 2655</td></tr></table> ( 1 ) in exchange for employees 2019 contributions to the successful reorganization , including agreeing to reductions in pay and benefits , we agreed in the plan to provide each employee group a deemed claim , which was used to provide a distribution of a portion of the equity of the reorganized entity to those employees . each employee group received a deemed claim amount based upon a portion of the value of cost savings provided by that group through reductions to pay and benefits as well as through certain work rule changes . the total value of this deemed claim was approximately $ 1.7 billion . ( 2 ) amounts include allowed claims ( claims approved by the bankruptcy court ) and estimated allowed claims relating to ( i ) the rejection or modification of financings related to aircraft and ( ii ) entry of orders treated as unsecured claims with respect to facility agreements supporting certain issuances of special facility revenue bonds . the debtors recorded an estimated claim associated with the rejection or modification of a financing .
Question: what was the amount of the labor-related deemed claim in 2013?
Answer: 1733.0
Question: and what was the value of the total reorganization items net in that year?
Answer: 2655.0
Question: what percentage, then, of this value does that amount represent?
Answer: 0.65273
Question: and from 2013 to 2014, what was the change in the net foreign currency losses?
| 58.0 |
CONVFINQA6991 | 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.
table of contents the following discussion of nonoperating income and expense excludes the results of the merger in order to provide a more meaningful year-over-year comparison . interest expense , net of capitalized interest decreased $ 249 million in 2014 from 2013 primarily due to a $ 149 million decrease in special charges recognized year-over-year as further described below , as well as refinancing activities that resulted in $ 100 million less interest expense recognized in 2014 . ( 1 ) in 2014 , we recognized $ 33 million of special charges relating to non-cash interest accretion on bankruptcy settlement obligations . in 2013 , we recognized $ 138 million of special charges relating to post-petition interest expense on unsecured obligations pursuant to the plan and penalty interest related to american 2019s 10.5% ( 10.5 % ) secured notes and 7.50% ( 7.50 % ) senior secured notes . in addition , in 2013 we recorded special charges of $ 44 million for debt extinguishment costs incurred as a result of the repayment of certain aircraft secured indebtedness , including cash interest charges and non-cash write offs of unamortized debt issuance costs . ( 2 ) as a result of the 2013 refinancing activities and the early extinguishment of american 2019s 7.50% ( 7.50 % ) senior secured notes in 2014 , we recognized $ 100 million less interest expense in 2014 as compared to 2013 . other nonoperating expense , net in 2014 consisted of $ 114 million of net foreign currency losses , including a $ 43 million special charge for venezuelan foreign currency losses , and $ 56 million in other nonoperating special charges primarily due to early debt extinguishment costs related to the prepayment of our 7.50% ( 7.50 % ) senior secured notes and other indebtedness . the foreign currency losses were driven primarily by the strengthening of the u.s . dollar relative to other currencies during 2014 , principally in the latin american market , including a 48% ( 48 % ) decrease in the value of the venezuelan bolivar and a 14% ( 14 % ) decrease in the value of the brazilian real . other nonoperating expense , net in 2013 consisted principally of net foreign currency losses of $ 56 million and early debt extinguishment charges of $ 29 million . reorganization items , net reorganization items refer to revenues , expenses ( including professional fees ) , realized gains and losses and provisions for losses that are realized or incurred as a direct result of the chapter 11 cases . the following table summarizes the components included in reorganization items , net on aag 2019s consolidated statement of operations for the year ended december 31 , 2013 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2013</td></tr><tr><td>2</td><td>labor-related deemed claim ( 1 )</td><td>$ 1733</td></tr><tr><td>3</td><td>aircraft and facility financing renegotiations and rejections ( 2 ) ( 3 )</td><td>325</td></tr><tr><td>4</td><td>fair value of conversion discount ( 4 )</td><td>218</td></tr><tr><td>5</td><td>professional fees</td><td>199</td></tr><tr><td>6</td><td>other</td><td>180</td></tr><tr><td>7</td><td>total reorganization items net</td><td>$ 2655</td></tr></table> ( 1 ) in exchange for employees 2019 contributions to the successful reorganization , including agreeing to reductions in pay and benefits , we agreed in the plan to provide each employee group a deemed claim , which was used to provide a distribution of a portion of the equity of the reorganized entity to those employees . each employee group received a deemed claim amount based upon a portion of the value of cost savings provided by that group through reductions to pay and benefits as well as through certain work rule changes . the total value of this deemed claim was approximately $ 1.7 billion . ( 2 ) amounts include allowed claims ( claims approved by the bankruptcy court ) and estimated allowed claims relating to ( i ) the rejection or modification of financings related to aircraft and ( ii ) entry of orders treated as unsecured claims with respect to facility agreements supporting certain issuances of special facility revenue bonds . the debtors recorded an estimated claim associated with the rejection or modification of a financing .
Question: what was the amount of the labor-related deemed claim in 2013?
Answer: 1733.0
Question: and what was the value of the total reorganization items net in that year?
Answer: 2655.0
Question: what percentage, then, of this value does that amount represent?
Answer: 0.65273
Question: and from 2013 to 2014, what was the change in the net foreign currency losses?
Answer: 58.0
Question: and how much does this change represent in relation to those losses in 2013, in percentage?
| 1.03571 |
CONVFINQA6992 | 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 provided by operating activities cash provided by operations is dependent primarily upon the payment terms of our license agreements . to be classified as upfront revenue , we require that 75% ( 75 % ) of a term or perpetual license fee be paid within the first year . conversely , payment terms for tsls are generally extended and the license fee is typically paid either quarterly or annually in even increments over the term of the license . accordingly , we generally receive cash from upfront license revenue much sooner than from time-based licenses revenue . fiscal 2008 to fiscal 2009 . cash from operating activities decreased primarily as a result of a decrease in deferred revenue due to the timing of billings and cash payments from certain customers , increased payments to vendors compared to fiscal 2008 and a tax prepayment for an irs settlement . see note 9 of notes to consolidated financial statements . fiscal 2007 to fiscal 2008 . cash from operating activities decreased primarily due to the timing of billings and cash payments from customers compared to fiscal 2007 , delivering lower cash inflows during fiscal 2008 and also as a result of a litigation settlement of $ 12.5 million received from magma during fiscal 2007 . cash used in investing activities fiscal 2008 to fiscal 2009 . the decrease in cash used primarily relates to a decrease in our purchases of marketable securities and cash paid for acquisitions as compared to fiscal 2008 , offset by the timing of maturities of marketable securities . fiscal 2007 to fiscal 2008 . the decrease in cash used primarily relates to the sale of marketable securities for our acquisition of synplicity , and as a result of lower capital expenditures during fiscal 2008 as compared to fiscal 2007 . cash provided by ( used in ) financing activities fiscal 2008 to fiscal 2009 . the increase in cash provided primarily relates to the absence of common stock repurchases in fiscal 2009 offset by a decrease in the number of options exercised by employees compared to fiscal 2008 . fiscal 2007 to fiscal 2008 . the increase in cash used primarily relates to more common stock repurchases under our stock repurchase program and options exercised by employees compared to fiscal 2007 . see note 7 of notes to consolidated financial statements for details of our stock repurchase program . we hold our cash , cash equivalents and short-term investments in the united states and in foreign accounts , primarily in ireland , bermuda , and japan . as of october 31 , 2009 , we held an aggregate of $ 612.4 million in cash , cash equivalents and short-term investments in the united states and an aggregate of $ 555.9 million in foreign accounts . funds in foreign accounts are generated from revenue outside north america . at present , such foreign funds are considered to be indefinitely reinvested in foreign countries to the extent of indefinitely reinvested foreign earnings as described in note 9 of notes to consolidated financial statements . we expect cash provided by operating activities to fluctuate in future periods as a result of a number of factors , including the timing of our billings and collections , our operating results , the timing and amount of tax and other liability payments and cash used in any future acquisitions . accounts receivable , net october 31 . <table class='wikitable'><tr><td>1</td><td>2009</td><td>2008</td><td>$ change</td><td>% ( % ) change</td></tr><tr><td>2</td><td>( dollars in millions )</td><td>( dollars in millions )</td><td>-</td><td>-</td></tr><tr><td>3</td><td>$ 127.0</td><td>$ 147.4</td><td>$ -20.4 ( 20.4 )</td><td>( 14 ) % ( % )</td></tr></table> .
Question: what was the sum of cash held in the us and foreign accounts?
| 1168.3 |
CONVFINQA6993 | 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 provided by operating activities cash provided by operations is dependent primarily upon the payment terms of our license agreements . to be classified as upfront revenue , we require that 75% ( 75 % ) of a term or perpetual license fee be paid within the first year . conversely , payment terms for tsls are generally extended and the license fee is typically paid either quarterly or annually in even increments over the term of the license . accordingly , we generally receive cash from upfront license revenue much sooner than from time-based licenses revenue . fiscal 2008 to fiscal 2009 . cash from operating activities decreased primarily as a result of a decrease in deferred revenue due to the timing of billings and cash payments from certain customers , increased payments to vendors compared to fiscal 2008 and a tax prepayment for an irs settlement . see note 9 of notes to consolidated financial statements . fiscal 2007 to fiscal 2008 . cash from operating activities decreased primarily due to the timing of billings and cash payments from customers compared to fiscal 2007 , delivering lower cash inflows during fiscal 2008 and also as a result of a litigation settlement of $ 12.5 million received from magma during fiscal 2007 . cash used in investing activities fiscal 2008 to fiscal 2009 . the decrease in cash used primarily relates to a decrease in our purchases of marketable securities and cash paid for acquisitions as compared to fiscal 2008 , offset by the timing of maturities of marketable securities . fiscal 2007 to fiscal 2008 . the decrease in cash used primarily relates to the sale of marketable securities for our acquisition of synplicity , and as a result of lower capital expenditures during fiscal 2008 as compared to fiscal 2007 . cash provided by ( used in ) financing activities fiscal 2008 to fiscal 2009 . the increase in cash provided primarily relates to the absence of common stock repurchases in fiscal 2009 offset by a decrease in the number of options exercised by employees compared to fiscal 2008 . fiscal 2007 to fiscal 2008 . the increase in cash used primarily relates to more common stock repurchases under our stock repurchase program and options exercised by employees compared to fiscal 2007 . see note 7 of notes to consolidated financial statements for details of our stock repurchase program . we hold our cash , cash equivalents and short-term investments in the united states and in foreign accounts , primarily in ireland , bermuda , and japan . as of october 31 , 2009 , we held an aggregate of $ 612.4 million in cash , cash equivalents and short-term investments in the united states and an aggregate of $ 555.9 million in foreign accounts . funds in foreign accounts are generated from revenue outside north america . at present , such foreign funds are considered to be indefinitely reinvested in foreign countries to the extent of indefinitely reinvested foreign earnings as described in note 9 of notes to consolidated financial statements . we expect cash provided by operating activities to fluctuate in future periods as a result of a number of factors , including the timing of our billings and collections , our operating results , the timing and amount of tax and other liability payments and cash used in any future acquisitions . accounts receivable , net october 31 . <table class='wikitable'><tr><td>1</td><td>2009</td><td>2008</td><td>$ change</td><td>% ( % ) change</td></tr><tr><td>2</td><td>( dollars in millions )</td><td>( dollars in millions )</td><td>-</td><td>-</td></tr><tr><td>3</td><td>$ 127.0</td><td>$ 147.4</td><td>$ -20.4 ( 20.4 )</td><td>( 14 ) % ( % )</td></tr></table> .
Question: what was the sum of cash held in the us and foreign accounts?
Answer: 1168.3
Question: what was the sum held in foreign accounts?
| 555.9 |
CONVFINQA6994 | 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 provided by operating activities cash provided by operations is dependent primarily upon the payment terms of our license agreements . to be classified as upfront revenue , we require that 75% ( 75 % ) of a term or perpetual license fee be paid within the first year . conversely , payment terms for tsls are generally extended and the license fee is typically paid either quarterly or annually in even increments over the term of the license . accordingly , we generally receive cash from upfront license revenue much sooner than from time-based licenses revenue . fiscal 2008 to fiscal 2009 . cash from operating activities decreased primarily as a result of a decrease in deferred revenue due to the timing of billings and cash payments from certain customers , increased payments to vendors compared to fiscal 2008 and a tax prepayment for an irs settlement . see note 9 of notes to consolidated financial statements . fiscal 2007 to fiscal 2008 . cash from operating activities decreased primarily due to the timing of billings and cash payments from customers compared to fiscal 2007 , delivering lower cash inflows during fiscal 2008 and also as a result of a litigation settlement of $ 12.5 million received from magma during fiscal 2007 . cash used in investing activities fiscal 2008 to fiscal 2009 . the decrease in cash used primarily relates to a decrease in our purchases of marketable securities and cash paid for acquisitions as compared to fiscal 2008 , offset by the timing of maturities of marketable securities . fiscal 2007 to fiscal 2008 . the decrease in cash used primarily relates to the sale of marketable securities for our acquisition of synplicity , and as a result of lower capital expenditures during fiscal 2008 as compared to fiscal 2007 . cash provided by ( used in ) financing activities fiscal 2008 to fiscal 2009 . the increase in cash provided primarily relates to the absence of common stock repurchases in fiscal 2009 offset by a decrease in the number of options exercised by employees compared to fiscal 2008 . fiscal 2007 to fiscal 2008 . the increase in cash used primarily relates to more common stock repurchases under our stock repurchase program and options exercised by employees compared to fiscal 2007 . see note 7 of notes to consolidated financial statements for details of our stock repurchase program . we hold our cash , cash equivalents and short-term investments in the united states and in foreign accounts , primarily in ireland , bermuda , and japan . as of october 31 , 2009 , we held an aggregate of $ 612.4 million in cash , cash equivalents and short-term investments in the united states and an aggregate of $ 555.9 million in foreign accounts . funds in foreign accounts are generated from revenue outside north america . at present , such foreign funds are considered to be indefinitely reinvested in foreign countries to the extent of indefinitely reinvested foreign earnings as described in note 9 of notes to consolidated financial statements . we expect cash provided by operating activities to fluctuate in future periods as a result of a number of factors , including the timing of our billings and collections , our operating results , the timing and amount of tax and other liability payments and cash used in any future acquisitions . accounts receivable , net october 31 . <table class='wikitable'><tr><td>1</td><td>2009</td><td>2008</td><td>$ change</td><td>% ( % ) change</td></tr><tr><td>2</td><td>( dollars in millions )</td><td>( dollars in millions )</td><td>-</td><td>-</td></tr><tr><td>3</td><td>$ 127.0</td><td>$ 147.4</td><td>$ -20.4 ( 20.4 )</td><td>( 14 ) % ( % )</td></tr></table> .
Question: what was the sum of cash held in the us and foreign accounts?
Answer: 1168.3
Question: what was the sum held in foreign accounts?
Answer: 555.9
Question: what is that divided by the total?
| 0.47582 |
CONVFINQA6995 | 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 jpmorgan chase & co./2009 annual report 130 the following histogram illustrates the daily market risk 2013related gains and losses for ib and consumer/cio positions for 2009 . the chart shows that the firm posted market risk 2013related gains on 227 out of 261 days in this period , with 69 days exceeding $ 160 million . the inset graph looks at those days on which the firm experienced losses and depicts the amount by which the 95% ( 95 % ) confidence level var exceeded the actual loss on each of those days . losses were sustained on 34 days during 2009 and exceeded the var measure on one day due to high market volatility in the first quarter of 2009 . under the 95% ( 95 % ) confidence interval , the firm would expect to incur daily losses greater than that pre- dicted by var estimates about twelve times a year . the following table provides information about the gross sensitivity of dva to a one-basis-point increase in jpmorgan chase 2019s credit spreads . this sensitivity represents the impact from a one-basis-point parallel shift in jpmorgan chase 2019s entire credit curve . as credit curves do not typically move in a parallel fashion , the sensitivity multiplied by the change in spreads at a single maturity point may not be representative of the actual revenue recognized . debit valuation adjustment sensitivity 1 basis point increase in ( in millions ) jpmorgan chase credit spread . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>1 basis point increase in jpmorgan chase credit spread</td></tr><tr><td>2</td><td>december 31 2009</td><td>$ 39</td></tr><tr><td>3</td><td>december 31 2008</td><td>$ 37</td></tr></table> loss advisories and drawdowns loss advisories and drawdowns are tools used to highlight to senior management trading losses above certain levels and initiate discus- sion of remedies . economic value stress testing while var reflects the risk of loss due to adverse changes in normal markets , stress testing captures the firm 2019s exposure to unlikely but plausible events in abnormal markets . the firm conducts economic- value stress tests using multiple scenarios that assume credit spreads widen significantly , equity prices decline and significant changes in interest rates across the major currencies . other scenar- ios focus on the risks predominant in individual business segments and include scenarios that focus on the potential for adverse movements in complex portfolios . scenarios were updated more frequently in 2009 and , in some cases , redefined to reflect the signifi- cant market volatility which began in late 2008 . along with var , stress testing is important in measuring and controlling risk . stress testing enhances the understanding of the firm 2019s risk profile and loss potential , and stress losses are monitored against limits . stress testing is also utilized in one-off approvals and cross-business risk measurement , as well as an input to economic capital allocation . stress-test results , trends and explanations based on current market risk positions are reported to the firm 2019s senior management and to the lines of business to help them better measure and manage risks and to understand event risk 2013sensitive positions. .
Question: what was the change in the credit spread from 2008 to 2009, in millions of dollars?
| 2.0 |
CONVFINQA6996 | 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 jpmorgan chase & co./2009 annual report 130 the following histogram illustrates the daily market risk 2013related gains and losses for ib and consumer/cio positions for 2009 . the chart shows that the firm posted market risk 2013related gains on 227 out of 261 days in this period , with 69 days exceeding $ 160 million . the inset graph looks at those days on which the firm experienced losses and depicts the amount by which the 95% ( 95 % ) confidence level var exceeded the actual loss on each of those days . losses were sustained on 34 days during 2009 and exceeded the var measure on one day due to high market volatility in the first quarter of 2009 . under the 95% ( 95 % ) confidence interval , the firm would expect to incur daily losses greater than that pre- dicted by var estimates about twelve times a year . the following table provides information about the gross sensitivity of dva to a one-basis-point increase in jpmorgan chase 2019s credit spreads . this sensitivity represents the impact from a one-basis-point parallel shift in jpmorgan chase 2019s entire credit curve . as credit curves do not typically move in a parallel fashion , the sensitivity multiplied by the change in spreads at a single maturity point may not be representative of the actual revenue recognized . debit valuation adjustment sensitivity 1 basis point increase in ( in millions ) jpmorgan chase credit spread . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>1 basis point increase in jpmorgan chase credit spread</td></tr><tr><td>2</td><td>december 31 2009</td><td>$ 39</td></tr><tr><td>3</td><td>december 31 2008</td><td>$ 37</td></tr></table> loss advisories and drawdowns loss advisories and drawdowns are tools used to highlight to senior management trading losses above certain levels and initiate discus- sion of remedies . economic value stress testing while var reflects the risk of loss due to adverse changes in normal markets , stress testing captures the firm 2019s exposure to unlikely but plausible events in abnormal markets . the firm conducts economic- value stress tests using multiple scenarios that assume credit spreads widen significantly , equity prices decline and significant changes in interest rates across the major currencies . other scenar- ios focus on the risks predominant in individual business segments and include scenarios that focus on the potential for adverse movements in complex portfolios . scenarios were updated more frequently in 2009 and , in some cases , redefined to reflect the signifi- cant market volatility which began in late 2008 . along with var , stress testing is important in measuring and controlling risk . stress testing enhances the understanding of the firm 2019s risk profile and loss potential , and stress losses are monitored against limits . stress testing is also utilized in one-off approvals and cross-business risk measurement , as well as an input to economic capital allocation . stress-test results , trends and explanations based on current market risk positions are reported to the firm 2019s senior management and to the lines of business to help them better measure and manage risks and to understand event risk 2013sensitive positions. .
Question: what was the change in the credit spread from 2008 to 2009, in millions of dollars?
Answer: 2.0
Question: and how much did that credit spread in 2009 represent in relation to the 2008 one?
| 1.05405 |
CONVFINQA6997 | 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 jpmorgan chase & co./2009 annual report 130 the following histogram illustrates the daily market risk 2013related gains and losses for ib and consumer/cio positions for 2009 . the chart shows that the firm posted market risk 2013related gains on 227 out of 261 days in this period , with 69 days exceeding $ 160 million . the inset graph looks at those days on which the firm experienced losses and depicts the amount by which the 95% ( 95 % ) confidence level var exceeded the actual loss on each of those days . losses were sustained on 34 days during 2009 and exceeded the var measure on one day due to high market volatility in the first quarter of 2009 . under the 95% ( 95 % ) confidence interval , the firm would expect to incur daily losses greater than that pre- dicted by var estimates about twelve times a year . the following table provides information about the gross sensitivity of dva to a one-basis-point increase in jpmorgan chase 2019s credit spreads . this sensitivity represents the impact from a one-basis-point parallel shift in jpmorgan chase 2019s entire credit curve . as credit curves do not typically move in a parallel fashion , the sensitivity multiplied by the change in spreads at a single maturity point may not be representative of the actual revenue recognized . debit valuation adjustment sensitivity 1 basis point increase in ( in millions ) jpmorgan chase credit spread . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>1 basis point increase in jpmorgan chase credit spread</td></tr><tr><td>2</td><td>december 31 2009</td><td>$ 39</td></tr><tr><td>3</td><td>december 31 2008</td><td>$ 37</td></tr></table> loss advisories and drawdowns loss advisories and drawdowns are tools used to highlight to senior management trading losses above certain levels and initiate discus- sion of remedies . economic value stress testing while var reflects the risk of loss due to adverse changes in normal markets , stress testing captures the firm 2019s exposure to unlikely but plausible events in abnormal markets . the firm conducts economic- value stress tests using multiple scenarios that assume credit spreads widen significantly , equity prices decline and significant changes in interest rates across the major currencies . other scenar- ios focus on the risks predominant in individual business segments and include scenarios that focus on the potential for adverse movements in complex portfolios . scenarios were updated more frequently in 2009 and , in some cases , redefined to reflect the signifi- cant market volatility which began in late 2008 . along with var , stress testing is important in measuring and controlling risk . stress testing enhances the understanding of the firm 2019s risk profile and loss potential , and stress losses are monitored against limits . stress testing is also utilized in one-off approvals and cross-business risk measurement , as well as an input to economic capital allocation . stress-test results , trends and explanations based on current market risk positions are reported to the firm 2019s senior management and to the lines of business to help them better measure and manage risks and to understand event risk 2013sensitive positions. .
Question: what was the change in the credit spread from 2008 to 2009, in millions of dollars?
Answer: 2.0
Question: and how much did that credit spread in 2009 represent in relation to the 2008 one?
Answer: 1.05405
Question: what is the difference between this value and the number one?
| 0.05405 |
CONVFINQA6998 | 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 jpmorgan chase & co./2009 annual report 130 the following histogram illustrates the daily market risk 2013related gains and losses for ib and consumer/cio positions for 2009 . the chart shows that the firm posted market risk 2013related gains on 227 out of 261 days in this period , with 69 days exceeding $ 160 million . the inset graph looks at those days on which the firm experienced losses and depicts the amount by which the 95% ( 95 % ) confidence level var exceeded the actual loss on each of those days . losses were sustained on 34 days during 2009 and exceeded the var measure on one day due to high market volatility in the first quarter of 2009 . under the 95% ( 95 % ) confidence interval , the firm would expect to incur daily losses greater than that pre- dicted by var estimates about twelve times a year . the following table provides information about the gross sensitivity of dva to a one-basis-point increase in jpmorgan chase 2019s credit spreads . this sensitivity represents the impact from a one-basis-point parallel shift in jpmorgan chase 2019s entire credit curve . as credit curves do not typically move in a parallel fashion , the sensitivity multiplied by the change in spreads at a single maturity point may not be representative of the actual revenue recognized . debit valuation adjustment sensitivity 1 basis point increase in ( in millions ) jpmorgan chase credit spread . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>1 basis point increase in jpmorgan chase credit spread</td></tr><tr><td>2</td><td>december 31 2009</td><td>$ 39</td></tr><tr><td>3</td><td>december 31 2008</td><td>$ 37</td></tr></table> loss advisories and drawdowns loss advisories and drawdowns are tools used to highlight to senior management trading losses above certain levels and initiate discus- sion of remedies . economic value stress testing while var reflects the risk of loss due to adverse changes in normal markets , stress testing captures the firm 2019s exposure to unlikely but plausible events in abnormal markets . the firm conducts economic- value stress tests using multiple scenarios that assume credit spreads widen significantly , equity prices decline and significant changes in interest rates across the major currencies . other scenar- ios focus on the risks predominant in individual business segments and include scenarios that focus on the potential for adverse movements in complex portfolios . scenarios were updated more frequently in 2009 and , in some cases , redefined to reflect the signifi- cant market volatility which began in late 2008 . along with var , stress testing is important in measuring and controlling risk . stress testing enhances the understanding of the firm 2019s risk profile and loss potential , and stress losses are monitored against limits . stress testing is also utilized in one-off approvals and cross-business risk measurement , as well as an input to economic capital allocation . stress-test results , trends and explanations based on current market risk positions are reported to the firm 2019s senior management and to the lines of business to help them better measure and manage risks and to understand event risk 2013sensitive positions. .
Question: what was the change in the credit spread from 2008 to 2009, in millions of dollars?
Answer: 2.0
Question: and how much did that credit spread in 2009 represent in relation to the 2008 one?
Answer: 1.05405
Question: what is the difference between this value and the number one?
Answer: 0.05405
Question: and how much is this final amount as a percentage of one?
| 5.40541 |
CONVFINQA6999 | 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 ) 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 14 . in december 2004 , the fasb issued sfas no . 123 ( revised 2004 ) , 201cshare-based payment 201d ( sfas 123r ) , as further described below . during the year ended december 31 , 2005 , the company reevaluated the assumptions used to estimate the fair value of stock options issued to employees . as a result , the company lowered its expected volatility assumption for options granted after july 1 , 2005 to approximately 30% ( 30 % ) and increased the expected life of option grants to 6.25 years using the simplified method permitted by sec sab no . 107 , 201dshare-based payment 201d ( sab no . 107 ) . the company made this change based on a number of factors , including the company 2019s execution of its strategic plans to sell non-core businesses , reduce leverage and refinance its debt , and its recent merger with spectrasite , inc . ( see note 2. ) management had previously based its volatility assumptions on historical volatility since inception , which included periods when the company 2019s capital structure was more highly leveraged than current levels and expected levels for the foreseeable future . management 2019s estimate of future volatility is based on its consideration of all available information , including historical volatility , implied volatility of publicly traded options , the company 2019s current capital structure and its publicly announced future business plans . for comparative purposes , a 10% ( 10 % ) change in the volatility assumption would change pro forma stock option expense and pro forma net loss by approximately $ 0.1 million for the year ended december 31 , 2005 . ( see note 14. ) the following table illustrates the effect on net loss and net loss per common 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>2005</td><td>2004</td><td>2003</td></tr><tr><td>2</td><td>net loss as reported</td><td>$ -171590 ( 171590 )</td><td>$ -247587 ( 247587 )</td><td>$ -325321 ( 325321 )</td></tr><tr><td>3</td><td>add : stock-based employee compensation expense net of related tax effect included in net loss as reported</td><td>7104</td><td>2297</td><td>2077</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>-22238 ( 22238 )</td><td>-23906 ( 23906 )</td><td>-31156 ( 31156 )</td></tr><tr><td>5</td><td>pro-forma net loss</td><td>$ -186724 ( 186724 )</td><td>$ -269196 ( 269196 )</td><td>$ -354400 ( 354400 )</td></tr><tr><td>6</td><td>basic and diluted net loss per share as reported</td><td>$ -0.57 ( 0.57 )</td><td>$ -1.10 ( 1.10 )</td><td>$ -1.56 ( 1.56 )</td></tr><tr><td>7</td><td>basic and diluted net loss per share pro-forma</td><td>$ -0.62 ( 0.62 )</td><td>$ -1.20 ( 1.20 )</td><td>$ -1.70 ( 1.70 )</td></tr></table> the company has modified certain option awards to revise vesting and exercise terms for certain terminated employees and recognized charges of $ 7.0 million , $ 3.0 million and $ 2.3 million for the years ended december 31 , 2005 , 2004 and 2003 , respectively . in addition , the stock-based employee compensation amounts above for the year ended december 31 , 2005 , include approximately $ 2.4 million of unearned compensation amortization related to unvested stock options assumed in the merger with spectrasite , inc . such charges are reflected in impairments , net loss on sale of long-lived assets , restructuring and merger related expense with corresponding adjustments to additional paid-in capital and unearned compensation in the accompanying consolidated financial statements . recent accounting pronouncements 2014in december 2004 , the fasb issued sfas 123r , which supersedes apb no . 25 , and amends sfas no . 95 , 201cstatement of cash flows . 201d this statement addressed the accounting for share-based payments to employees , including grants of employee stock options . under the new standard .
Question: what was the pro-forma net loss in 2005?
| 186724.0 |
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