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CONVFINQA7400 | 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 adjustments that may result from tax examinations . however , the outcome of tax audits cannot be predicted with certainty . if any issues addressed in the company 2019s tax audits are resolved in a manner not consistent with management 2019s expectations , the company could be required to adjust its provision for income taxes in the period such resolution occurs . liquidity and capital resources the following table presents selected financial information and statistics as of and for the years ended september 28 , 2013 , september 29 , 2012 and september 24 , 2011 ( in millions ) : the company believes its existing balances of cash , cash equivalents and marketable securities will be sufficient to satisfy its working capital needs , capital asset purchases , outstanding commitments , and other liquidity requirements associated with its existing operations over the next 12 months . the company anticipates the cash used for future dividends and the share repurchase program will come from its current domestic cash , cash generated from on-going u.s . operating activities and from borrowings . as of september 28 , 2013 and september 29 , 2012 , $ 111.3 billion and $ 82.6 billion , respectively , of the company 2019s cash , cash equivalents and marketable securities were held by foreign subsidiaries and are generally based in u.s . dollar-denominated holdings . amounts held by foreign subsidiaries are generally subject to u.s . income taxation on repatriation to the u.s . the company 2019s marketable securities investment portfolio is invested primarily in highly-rated securities and its investment policy generally limits the amount of credit exposure to any one issuer . the policy requires investments generally to be investment grade with the objective of minimizing the potential risk of principal loss . during 2013 , cash generated from operating activities of $ 53.7 billion was a result of $ 37.0 billion of net income , non-cash adjustments to net income of $ 10.2 billion and an increase in net change in operating assets and liabilities of $ 6.5 billion . cash used in investing activities of $ 33.8 billion during 2013 consisted primarily of net purchases , sales and maturities of marketable securities of $ 24.0 billion and cash used to acquire property , plant and equipment of $ 8.2 billion . cash used in financing activities during 2013 consisted primarily of cash used to repurchase common stock of $ 22.9 billion and cash used to pay dividends and dividend equivalent rights of $ 10.6 billion , partially offset by net proceeds from the issuance of long-term debt of $ 16.9 billion . during 2012 , cash generated from operating activities of $ 50.9 billion was a result of $ 41.7 billion of net income and non-cash adjustments to net income of $ 9.4 billion , partially offset by a decrease in net operating assets and liabilities of $ 299 million . cash used in investing activities during 2012 of $ 48.2 billion consisted primarily of net purchases , sales and maturities of marketable securities of $ 38.4 billion and cash used to acquire property , plant and equipment of $ 8.3 billion . cash used in financing activities during 2012 of $ 1.7 billion consisted primarily of cash used to pay dividends and dividend equivalent rights of $ 2.5 billion . capital assets the company 2019s capital expenditures were $ 7.0 billion during 2013 , consisting of $ 499 million for retail store facilities and $ 6.5 billion for other capital expenditures , including product tooling and manufacturing process equipment , and other corporate facilities and infrastructure . the company 2019s actual cash payments for capital expenditures during 2013 were $ 8.2 billion. . <table class='wikitable'><tr><td>1</td><td>-</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>cash cash equivalents and marketable securities</td><td>$ 146761</td><td>$ 121251</td><td>$ 81570</td></tr><tr><td>3</td><td>property plant and equipment net</td><td>$ 16597</td><td>$ 15452</td><td>$ 7777</td></tr><tr><td>4</td><td>long-term debt</td><td>$ 16960</td><td>$ 0</td><td>$ 0</td></tr><tr><td>5</td><td>working capital</td><td>$ 29628</td><td>$ 19111</td><td>$ 17018</td></tr><tr><td>6</td><td>cash generated by operating activities</td><td>$ 53666</td><td>$ 50856</td><td>$ 37529</td></tr><tr><td>7</td><td>cash used in investing activities</td><td>$ -33774 ( 33774 )</td><td>$ -48227 ( 48227 )</td><td>$ -40419 ( 40419 )</td></tr><tr><td>8</td><td>cash generated/ ( used in ) by financing activities</td><td>$ -16379 ( 16379 )</td><td>$ -1698 ( 1698 )</td><td>$ 1444</td></tr></table> .
Question: what is the total long-term debt of 2013 and 2012?
| 16960.0 |
CONVFINQA7401 | 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 adjustments that may result from tax examinations . however , the outcome of tax audits cannot be predicted with certainty . if any issues addressed in the company 2019s tax audits are resolved in a manner not consistent with management 2019s expectations , the company could be required to adjust its provision for income taxes in the period such resolution occurs . liquidity and capital resources the following table presents selected financial information and statistics as of and for the years ended september 28 , 2013 , september 29 , 2012 and september 24 , 2011 ( in millions ) : the company believes its existing balances of cash , cash equivalents and marketable securities will be sufficient to satisfy its working capital needs , capital asset purchases , outstanding commitments , and other liquidity requirements associated with its existing operations over the next 12 months . the company anticipates the cash used for future dividends and the share repurchase program will come from its current domestic cash , cash generated from on-going u.s . operating activities and from borrowings . as of september 28 , 2013 and september 29 , 2012 , $ 111.3 billion and $ 82.6 billion , respectively , of the company 2019s cash , cash equivalents and marketable securities were held by foreign subsidiaries and are generally based in u.s . dollar-denominated holdings . amounts held by foreign subsidiaries are generally subject to u.s . income taxation on repatriation to the u.s . the company 2019s marketable securities investment portfolio is invested primarily in highly-rated securities and its investment policy generally limits the amount of credit exposure to any one issuer . the policy requires investments generally to be investment grade with the objective of minimizing the potential risk of principal loss . during 2013 , cash generated from operating activities of $ 53.7 billion was a result of $ 37.0 billion of net income , non-cash adjustments to net income of $ 10.2 billion and an increase in net change in operating assets and liabilities of $ 6.5 billion . cash used in investing activities of $ 33.8 billion during 2013 consisted primarily of net purchases , sales and maturities of marketable securities of $ 24.0 billion and cash used to acquire property , plant and equipment of $ 8.2 billion . cash used in financing activities during 2013 consisted primarily of cash used to repurchase common stock of $ 22.9 billion and cash used to pay dividends and dividend equivalent rights of $ 10.6 billion , partially offset by net proceeds from the issuance of long-term debt of $ 16.9 billion . during 2012 , cash generated from operating activities of $ 50.9 billion was a result of $ 41.7 billion of net income and non-cash adjustments to net income of $ 9.4 billion , partially offset by a decrease in net operating assets and liabilities of $ 299 million . cash used in investing activities during 2012 of $ 48.2 billion consisted primarily of net purchases , sales and maturities of marketable securities of $ 38.4 billion and cash used to acquire property , plant and equipment of $ 8.3 billion . cash used in financing activities during 2012 of $ 1.7 billion consisted primarily of cash used to pay dividends and dividend equivalent rights of $ 2.5 billion . capital assets the company 2019s capital expenditures were $ 7.0 billion during 2013 , consisting of $ 499 million for retail store facilities and $ 6.5 billion for other capital expenditures , including product tooling and manufacturing process equipment , and other corporate facilities and infrastructure . the company 2019s actual cash payments for capital expenditures during 2013 were $ 8.2 billion. . <table class='wikitable'><tr><td>1</td><td>-</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>cash cash equivalents and marketable securities</td><td>$ 146761</td><td>$ 121251</td><td>$ 81570</td></tr><tr><td>3</td><td>property plant and equipment net</td><td>$ 16597</td><td>$ 15452</td><td>$ 7777</td></tr><tr><td>4</td><td>long-term debt</td><td>$ 16960</td><td>$ 0</td><td>$ 0</td></tr><tr><td>5</td><td>working capital</td><td>$ 29628</td><td>$ 19111</td><td>$ 17018</td></tr><tr><td>6</td><td>cash generated by operating activities</td><td>$ 53666</td><td>$ 50856</td><td>$ 37529</td></tr><tr><td>7</td><td>cash used in investing activities</td><td>$ -33774 ( 33774 )</td><td>$ -48227 ( 48227 )</td><td>$ -40419 ( 40419 )</td></tr><tr><td>8</td><td>cash generated/ ( used in ) by financing activities</td><td>$ -16379 ( 16379 )</td><td>$ -1698 ( 1698 )</td><td>$ 1444</td></tr></table> .
Question: what is the total long-term debt of 2013 and 2012?
Answer: 16960.0
Question: then what is the total long-term debt if we also include the year 2011?
| 16960.0 |
CONVFINQA7402 | 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 adjustments that may result from tax examinations . however , the outcome of tax audits cannot be predicted with certainty . if any issues addressed in the company 2019s tax audits are resolved in a manner not consistent with management 2019s expectations , the company could be required to adjust its provision for income taxes in the period such resolution occurs . liquidity and capital resources the following table presents selected financial information and statistics as of and for the years ended september 28 , 2013 , september 29 , 2012 and september 24 , 2011 ( in millions ) : the company believes its existing balances of cash , cash equivalents and marketable securities will be sufficient to satisfy its working capital needs , capital asset purchases , outstanding commitments , and other liquidity requirements associated with its existing operations over the next 12 months . the company anticipates the cash used for future dividends and the share repurchase program will come from its current domestic cash , cash generated from on-going u.s . operating activities and from borrowings . as of september 28 , 2013 and september 29 , 2012 , $ 111.3 billion and $ 82.6 billion , respectively , of the company 2019s cash , cash equivalents and marketable securities were held by foreign subsidiaries and are generally based in u.s . dollar-denominated holdings . amounts held by foreign subsidiaries are generally subject to u.s . income taxation on repatriation to the u.s . the company 2019s marketable securities investment portfolio is invested primarily in highly-rated securities and its investment policy generally limits the amount of credit exposure to any one issuer . the policy requires investments generally to be investment grade with the objective of minimizing the potential risk of principal loss . during 2013 , cash generated from operating activities of $ 53.7 billion was a result of $ 37.0 billion of net income , non-cash adjustments to net income of $ 10.2 billion and an increase in net change in operating assets and liabilities of $ 6.5 billion . cash used in investing activities of $ 33.8 billion during 2013 consisted primarily of net purchases , sales and maturities of marketable securities of $ 24.0 billion and cash used to acquire property , plant and equipment of $ 8.2 billion . cash used in financing activities during 2013 consisted primarily of cash used to repurchase common stock of $ 22.9 billion and cash used to pay dividends and dividend equivalent rights of $ 10.6 billion , partially offset by net proceeds from the issuance of long-term debt of $ 16.9 billion . during 2012 , cash generated from operating activities of $ 50.9 billion was a result of $ 41.7 billion of net income and non-cash adjustments to net income of $ 9.4 billion , partially offset by a decrease in net operating assets and liabilities of $ 299 million . cash used in investing activities during 2012 of $ 48.2 billion consisted primarily of net purchases , sales and maturities of marketable securities of $ 38.4 billion and cash used to acquire property , plant and equipment of $ 8.3 billion . cash used in financing activities during 2012 of $ 1.7 billion consisted primarily of cash used to pay dividends and dividend equivalent rights of $ 2.5 billion . capital assets the company 2019s capital expenditures were $ 7.0 billion during 2013 , consisting of $ 499 million for retail store facilities and $ 6.5 billion for other capital expenditures , including product tooling and manufacturing process equipment , and other corporate facilities and infrastructure . the company 2019s actual cash payments for capital expenditures during 2013 were $ 8.2 billion. . <table class='wikitable'><tr><td>1</td><td>-</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>cash cash equivalents and marketable securities</td><td>$ 146761</td><td>$ 121251</td><td>$ 81570</td></tr><tr><td>3</td><td>property plant and equipment net</td><td>$ 16597</td><td>$ 15452</td><td>$ 7777</td></tr><tr><td>4</td><td>long-term debt</td><td>$ 16960</td><td>$ 0</td><td>$ 0</td></tr><tr><td>5</td><td>working capital</td><td>$ 29628</td><td>$ 19111</td><td>$ 17018</td></tr><tr><td>6</td><td>cash generated by operating activities</td><td>$ 53666</td><td>$ 50856</td><td>$ 37529</td></tr><tr><td>7</td><td>cash used in investing activities</td><td>$ -33774 ( 33774 )</td><td>$ -48227 ( 48227 )</td><td>$ -40419 ( 40419 )</td></tr><tr><td>8</td><td>cash generated/ ( used in ) by financing activities</td><td>$ -16379 ( 16379 )</td><td>$ -1698 ( 1698 )</td><td>$ 1444</td></tr></table> .
Question: what is the total long-term debt of 2013 and 2012?
Answer: 16960.0
Question: then what is the total long-term debt if we also include the year 2011?
Answer: 16960.0
Question: what is the average of these 3 years?
| 5653.33333 |
CONVFINQA7403 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
during 2014 , 2013 and 2012 , netherland , sewell & associates , inc . ( "nsai" ) prepared a certification of the prior year's reserves for the alba field in e.g . the nsai summary reports are filed as an exhibit to this annual report on form 10-k . members of the nsai team have multiple years of industry experience , having worked for large , international oil and gas companies before joining nsai . the senior technical advisor has over 35 years of practical experience in petroleum geosciences , with over 15 years experience in the estimation and evaluation of reserves . the second team member has over 10 years of practical experience in petroleum engineering , with 5 years experience in the estimation and evaluation of reserves . both are registered professional engineers in the state of texas . ryder scott company ( "ryder scott" ) also performed audits of the prior years' reserves of several of our fields in 2014 , 2013 and 2012 . their summary reports are filed as exhibits to this annual report on form 10-k . the team lead for ryder scott has over 20 years of industry experience , having worked for a major international oil and gas company before joining ryder scott . he is a member of spe , where he served on the oil and gas reserves committee , and is a registered professional engineer in the state of texas . changes in proved undeveloped reserves as of december 31 , 2014 , 728 mmboe of proved undeveloped reserves were reported , an increase of 101 mmboe from december 31 , 2013 . the following table shows changes in total proved undeveloped reserves for 2014 : ( mmboe ) . <table class='wikitable'><tr><td>1</td><td>beginning of year</td><td>627</td></tr><tr><td>2</td><td>revisions of previous estimates</td><td>1</td></tr><tr><td>3</td><td>improved recovery</td><td>1</td></tr><tr><td>4</td><td>purchases of reserves in place</td><td>4</td></tr><tr><td>5</td><td>extensions discoveries and other additions</td><td>227</td></tr><tr><td>6</td><td>dispositions</td><td>-29 ( 29 )</td></tr><tr><td>7</td><td>transfers to proved developed</td><td>-103 ( 103 )</td></tr><tr><td>8</td><td>end of year</td><td>728</td></tr></table> significant additions to proved undeveloped reserves during 2014 included 121 mmboe in the eagle ford and 61 mmboe in the bakken shale plays due to development drilling . transfers from proved undeveloped to proved developed reserves included 67 mmboe in the eagle ford , 26 mmboe in the bakken and 1 mmboe in the oklahoma resource basins due to development drilling and completions . costs incurred in 2014 , 2013 and 2012 relating to the development of proved undeveloped reserves , were $ 3149 million , $ 2536 million and $ 1995 million . a total of 102 mmboe was booked as extensions , discoveries or other additions due to the application of reliable technology . technologies included statistical analysis of production performance , decline curve analysis , pressure and rate transient analysis , reservoir simulation and volumetric analysis . the statistical nature of production performance coupled with highly certain reservoir continuity or quality within the reliable technology areas and sufficient proved undeveloped locations establish the reasonable certainty criteria required for booking proved reserves . projects can remain in proved undeveloped reserves for extended periods in certain situations such as large development projects which take more than five years to complete , or the timing of when additional gas compression is needed . of the 728 mmboe of proved undeveloped reserves at december 31 , 2014 , 19 percent of the volume is associated with projects that have been included in proved reserves for more than five years . the majority of this volume is related to a compression project in e.g . that was sanctioned by our board of directors in 2004 . the timing of the installation of compression is being driven by the reservoir performance with this project intended to maintain maximum production levels . performance of this field since the board sanctioned the project has far exceeded expectations . estimates of initial dry gas in place increased by roughly 10 percent between 2004 and 2010 . during 2012 , the compression project received the approval of the e.g . government , allowing design and planning work to progress towards implementation , with completion expected by mid-2016 . the other component of alba proved undeveloped reserves is an infill well approved in 2013 and to be drilled in the second quarter of 2015 . proved undeveloped reserves for the north gialo development , located in the libyan sahara desert , were booked for the first time in 2010 . this development , which is anticipated to take more than five years to develop , is executed by the operator and encompasses a multi-year drilling program including the design , fabrication and installation of extensive liquid handling and gas recycling facilities . anecdotal evidence from similar development projects in the region lead to an expected project execution time frame of more than five years from the time the reserves were initially booked . interruptions associated with the civil unrest in 2011 and third-party labor strikes and civil unrest in 2013-2014 have also extended the project duration . as of december 31 , 2014 , future development costs estimated to be required for the development of proved undeveloped crude oil and condensate , ngls , natural gas and synthetic crude oil reserves related to continuing operations for the years 2015 through 2019 are projected to be $ 2915 million , $ 2598 million , $ 2493 million , $ 2669 million and $ 2745 million. .
Question: what was the total of undeveloped reserves in the end of 2014?
| 728.0 |
CONVFINQA7404 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
during 2014 , 2013 and 2012 , netherland , sewell & associates , inc . ( "nsai" ) prepared a certification of the prior year's reserves for the alba field in e.g . the nsai summary reports are filed as an exhibit to this annual report on form 10-k . members of the nsai team have multiple years of industry experience , having worked for large , international oil and gas companies before joining nsai . the senior technical advisor has over 35 years of practical experience in petroleum geosciences , with over 15 years experience in the estimation and evaluation of reserves . the second team member has over 10 years of practical experience in petroleum engineering , with 5 years experience in the estimation and evaluation of reserves . both are registered professional engineers in the state of texas . ryder scott company ( "ryder scott" ) also performed audits of the prior years' reserves of several of our fields in 2014 , 2013 and 2012 . their summary reports are filed as exhibits to this annual report on form 10-k . the team lead for ryder scott has over 20 years of industry experience , having worked for a major international oil and gas company before joining ryder scott . he is a member of spe , where he served on the oil and gas reserves committee , and is a registered professional engineer in the state of texas . changes in proved undeveloped reserves as of december 31 , 2014 , 728 mmboe of proved undeveloped reserves were reported , an increase of 101 mmboe from december 31 , 2013 . the following table shows changes in total proved undeveloped reserves for 2014 : ( mmboe ) . <table class='wikitable'><tr><td>1</td><td>beginning of year</td><td>627</td></tr><tr><td>2</td><td>revisions of previous estimates</td><td>1</td></tr><tr><td>3</td><td>improved recovery</td><td>1</td></tr><tr><td>4</td><td>purchases of reserves in place</td><td>4</td></tr><tr><td>5</td><td>extensions discoveries and other additions</td><td>227</td></tr><tr><td>6</td><td>dispositions</td><td>-29 ( 29 )</td></tr><tr><td>7</td><td>transfers to proved developed</td><td>-103 ( 103 )</td></tr><tr><td>8</td><td>end of year</td><td>728</td></tr></table> significant additions to proved undeveloped reserves during 2014 included 121 mmboe in the eagle ford and 61 mmboe in the bakken shale plays due to development drilling . transfers from proved undeveloped to proved developed reserves included 67 mmboe in the eagle ford , 26 mmboe in the bakken and 1 mmboe in the oklahoma resource basins due to development drilling and completions . costs incurred in 2014 , 2013 and 2012 relating to the development of proved undeveloped reserves , were $ 3149 million , $ 2536 million and $ 1995 million . a total of 102 mmboe was booked as extensions , discoveries or other additions due to the application of reliable technology . technologies included statistical analysis of production performance , decline curve analysis , pressure and rate transient analysis , reservoir simulation and volumetric analysis . the statistical nature of production performance coupled with highly certain reservoir continuity or quality within the reliable technology areas and sufficient proved undeveloped locations establish the reasonable certainty criteria required for booking proved reserves . projects can remain in proved undeveloped reserves for extended periods in certain situations such as large development projects which take more than five years to complete , or the timing of when additional gas compression is needed . of the 728 mmboe of proved undeveloped reserves at december 31 , 2014 , 19 percent of the volume is associated with projects that have been included in proved reserves for more than five years . the majority of this volume is related to a compression project in e.g . that was sanctioned by our board of directors in 2004 . the timing of the installation of compression is being driven by the reservoir performance with this project intended to maintain maximum production levels . performance of this field since the board sanctioned the project has far exceeded expectations . estimates of initial dry gas in place increased by roughly 10 percent between 2004 and 2010 . during 2012 , the compression project received the approval of the e.g . government , allowing design and planning work to progress towards implementation , with completion expected by mid-2016 . the other component of alba proved undeveloped reserves is an infill well approved in 2013 and to be drilled in the second quarter of 2015 . proved undeveloped reserves for the north gialo development , located in the libyan sahara desert , were booked for the first time in 2010 . this development , which is anticipated to take more than five years to develop , is executed by the operator and encompasses a multi-year drilling program including the design , fabrication and installation of extensive liquid handling and gas recycling facilities . anecdotal evidence from similar development projects in the region lead to an expected project execution time frame of more than five years from the time the reserves were initially booked . interruptions associated with the civil unrest in 2011 and third-party labor strikes and civil unrest in 2013-2014 have also extended the project duration . as of december 31 , 2014 , future development costs estimated to be required for the development of proved undeveloped crude oil and condensate , ngls , natural gas and synthetic crude oil reserves related to continuing operations for the years 2015 through 2019 are projected to be $ 2915 million , $ 2598 million , $ 2493 million , $ 2669 million and $ 2745 million. .
Question: what was the total of undeveloped reserves in the end of 2014?
Answer: 728.0
Question: and what was that total in the beginning of that year?
| 627.0 |
CONVFINQA7405 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
during 2014 , 2013 and 2012 , netherland , sewell & associates , inc . ( "nsai" ) prepared a certification of the prior year's reserves for the alba field in e.g . the nsai summary reports are filed as an exhibit to this annual report on form 10-k . members of the nsai team have multiple years of industry experience , having worked for large , international oil and gas companies before joining nsai . the senior technical advisor has over 35 years of practical experience in petroleum geosciences , with over 15 years experience in the estimation and evaluation of reserves . the second team member has over 10 years of practical experience in petroleum engineering , with 5 years experience in the estimation and evaluation of reserves . both are registered professional engineers in the state of texas . ryder scott company ( "ryder scott" ) also performed audits of the prior years' reserves of several of our fields in 2014 , 2013 and 2012 . their summary reports are filed as exhibits to this annual report on form 10-k . the team lead for ryder scott has over 20 years of industry experience , having worked for a major international oil and gas company before joining ryder scott . he is a member of spe , where he served on the oil and gas reserves committee , and is a registered professional engineer in the state of texas . changes in proved undeveloped reserves as of december 31 , 2014 , 728 mmboe of proved undeveloped reserves were reported , an increase of 101 mmboe from december 31 , 2013 . the following table shows changes in total proved undeveloped reserves for 2014 : ( mmboe ) . <table class='wikitable'><tr><td>1</td><td>beginning of year</td><td>627</td></tr><tr><td>2</td><td>revisions of previous estimates</td><td>1</td></tr><tr><td>3</td><td>improved recovery</td><td>1</td></tr><tr><td>4</td><td>purchases of reserves in place</td><td>4</td></tr><tr><td>5</td><td>extensions discoveries and other additions</td><td>227</td></tr><tr><td>6</td><td>dispositions</td><td>-29 ( 29 )</td></tr><tr><td>7</td><td>transfers to proved developed</td><td>-103 ( 103 )</td></tr><tr><td>8</td><td>end of year</td><td>728</td></tr></table> significant additions to proved undeveloped reserves during 2014 included 121 mmboe in the eagle ford and 61 mmboe in the bakken shale plays due to development drilling . transfers from proved undeveloped to proved developed reserves included 67 mmboe in the eagle ford , 26 mmboe in the bakken and 1 mmboe in the oklahoma resource basins due to development drilling and completions . costs incurred in 2014 , 2013 and 2012 relating to the development of proved undeveloped reserves , were $ 3149 million , $ 2536 million and $ 1995 million . a total of 102 mmboe was booked as extensions , discoveries or other additions due to the application of reliable technology . technologies included statistical analysis of production performance , decline curve analysis , pressure and rate transient analysis , reservoir simulation and volumetric analysis . the statistical nature of production performance coupled with highly certain reservoir continuity or quality within the reliable technology areas and sufficient proved undeveloped locations establish the reasonable certainty criteria required for booking proved reserves . projects can remain in proved undeveloped reserves for extended periods in certain situations such as large development projects which take more than five years to complete , or the timing of when additional gas compression is needed . of the 728 mmboe of proved undeveloped reserves at december 31 , 2014 , 19 percent of the volume is associated with projects that have been included in proved reserves for more than five years . the majority of this volume is related to a compression project in e.g . that was sanctioned by our board of directors in 2004 . the timing of the installation of compression is being driven by the reservoir performance with this project intended to maintain maximum production levels . performance of this field since the board sanctioned the project has far exceeded expectations . estimates of initial dry gas in place increased by roughly 10 percent between 2004 and 2010 . during 2012 , the compression project received the approval of the e.g . government , allowing design and planning work to progress towards implementation , with completion expected by mid-2016 . the other component of alba proved undeveloped reserves is an infill well approved in 2013 and to be drilled in the second quarter of 2015 . proved undeveloped reserves for the north gialo development , located in the libyan sahara desert , were booked for the first time in 2010 . this development , which is anticipated to take more than five years to develop , is executed by the operator and encompasses a multi-year drilling program including the design , fabrication and installation of extensive liquid handling and gas recycling facilities . anecdotal evidence from similar development projects in the region lead to an expected project execution time frame of more than five years from the time the reserves were initially booked . interruptions associated with the civil unrest in 2011 and third-party labor strikes and civil unrest in 2013-2014 have also extended the project duration . as of december 31 , 2014 , future development costs estimated to be required for the development of proved undeveloped crude oil and condensate , ngls , natural gas and synthetic crude oil reserves related to continuing operations for the years 2015 through 2019 are projected to be $ 2915 million , $ 2598 million , $ 2493 million , $ 2669 million and $ 2745 million. .
Question: what was the total of undeveloped reserves in the end of 2014?
Answer: 728.0
Question: and what was that total in the beginning of that year?
Answer: 627.0
Question: what was, then, the change throughout the year?
| 101.0 |
CONVFINQA7406 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
during 2014 , 2013 and 2012 , netherland , sewell & associates , inc . ( "nsai" ) prepared a certification of the prior year's reserves for the alba field in e.g . the nsai summary reports are filed as an exhibit to this annual report on form 10-k . members of the nsai team have multiple years of industry experience , having worked for large , international oil and gas companies before joining nsai . the senior technical advisor has over 35 years of practical experience in petroleum geosciences , with over 15 years experience in the estimation and evaluation of reserves . the second team member has over 10 years of practical experience in petroleum engineering , with 5 years experience in the estimation and evaluation of reserves . both are registered professional engineers in the state of texas . ryder scott company ( "ryder scott" ) also performed audits of the prior years' reserves of several of our fields in 2014 , 2013 and 2012 . their summary reports are filed as exhibits to this annual report on form 10-k . the team lead for ryder scott has over 20 years of industry experience , having worked for a major international oil and gas company before joining ryder scott . he is a member of spe , where he served on the oil and gas reserves committee , and is a registered professional engineer in the state of texas . changes in proved undeveloped reserves as of december 31 , 2014 , 728 mmboe of proved undeveloped reserves were reported , an increase of 101 mmboe from december 31 , 2013 . the following table shows changes in total proved undeveloped reserves for 2014 : ( mmboe ) . <table class='wikitable'><tr><td>1</td><td>beginning of year</td><td>627</td></tr><tr><td>2</td><td>revisions of previous estimates</td><td>1</td></tr><tr><td>3</td><td>improved recovery</td><td>1</td></tr><tr><td>4</td><td>purchases of reserves in place</td><td>4</td></tr><tr><td>5</td><td>extensions discoveries and other additions</td><td>227</td></tr><tr><td>6</td><td>dispositions</td><td>-29 ( 29 )</td></tr><tr><td>7</td><td>transfers to proved developed</td><td>-103 ( 103 )</td></tr><tr><td>8</td><td>end of year</td><td>728</td></tr></table> significant additions to proved undeveloped reserves during 2014 included 121 mmboe in the eagle ford and 61 mmboe in the bakken shale plays due to development drilling . transfers from proved undeveloped to proved developed reserves included 67 mmboe in the eagle ford , 26 mmboe in the bakken and 1 mmboe in the oklahoma resource basins due to development drilling and completions . costs incurred in 2014 , 2013 and 2012 relating to the development of proved undeveloped reserves , were $ 3149 million , $ 2536 million and $ 1995 million . a total of 102 mmboe was booked as extensions , discoveries or other additions due to the application of reliable technology . technologies included statistical analysis of production performance , decline curve analysis , pressure and rate transient analysis , reservoir simulation and volumetric analysis . the statistical nature of production performance coupled with highly certain reservoir continuity or quality within the reliable technology areas and sufficient proved undeveloped locations establish the reasonable certainty criteria required for booking proved reserves . projects can remain in proved undeveloped reserves for extended periods in certain situations such as large development projects which take more than five years to complete , or the timing of when additional gas compression is needed . of the 728 mmboe of proved undeveloped reserves at december 31 , 2014 , 19 percent of the volume is associated with projects that have been included in proved reserves for more than five years . the majority of this volume is related to a compression project in e.g . that was sanctioned by our board of directors in 2004 . the timing of the installation of compression is being driven by the reservoir performance with this project intended to maintain maximum production levels . performance of this field since the board sanctioned the project has far exceeded expectations . estimates of initial dry gas in place increased by roughly 10 percent between 2004 and 2010 . during 2012 , the compression project received the approval of the e.g . government , allowing design and planning work to progress towards implementation , with completion expected by mid-2016 . the other component of alba proved undeveloped reserves is an infill well approved in 2013 and to be drilled in the second quarter of 2015 . proved undeveloped reserves for the north gialo development , located in the libyan sahara desert , were booked for the first time in 2010 . this development , which is anticipated to take more than five years to develop , is executed by the operator and encompasses a multi-year drilling program including the design , fabrication and installation of extensive liquid handling and gas recycling facilities . anecdotal evidence from similar development projects in the region lead to an expected project execution time frame of more than five years from the time the reserves were initially booked . interruptions associated with the civil unrest in 2011 and third-party labor strikes and civil unrest in 2013-2014 have also extended the project duration . as of december 31 , 2014 , future development costs estimated to be required for the development of proved undeveloped crude oil and condensate , ngls , natural gas and synthetic crude oil reserves related to continuing operations for the years 2015 through 2019 are projected to be $ 2915 million , $ 2598 million , $ 2493 million , $ 2669 million and $ 2745 million. .
Question: what was the total of undeveloped reserves in the end of 2014?
Answer: 728.0
Question: and what was that total in the beginning of that year?
Answer: 627.0
Question: what was, then, the change throughout the year?
Answer: 101.0
Question: what was the total of undeveloped reserves in the end of 2014?
| 728.0 |
CONVFINQA7407 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
during 2014 , 2013 and 2012 , netherland , sewell & associates , inc . ( "nsai" ) prepared a certification of the prior year's reserves for the alba field in e.g . the nsai summary reports are filed as an exhibit to this annual report on form 10-k . members of the nsai team have multiple years of industry experience , having worked for large , international oil and gas companies before joining nsai . the senior technical advisor has over 35 years of practical experience in petroleum geosciences , with over 15 years experience in the estimation and evaluation of reserves . the second team member has over 10 years of practical experience in petroleum engineering , with 5 years experience in the estimation and evaluation of reserves . both are registered professional engineers in the state of texas . ryder scott company ( "ryder scott" ) also performed audits of the prior years' reserves of several of our fields in 2014 , 2013 and 2012 . their summary reports are filed as exhibits to this annual report on form 10-k . the team lead for ryder scott has over 20 years of industry experience , having worked for a major international oil and gas company before joining ryder scott . he is a member of spe , where he served on the oil and gas reserves committee , and is a registered professional engineer in the state of texas . changes in proved undeveloped reserves as of december 31 , 2014 , 728 mmboe of proved undeveloped reserves were reported , an increase of 101 mmboe from december 31 , 2013 . the following table shows changes in total proved undeveloped reserves for 2014 : ( mmboe ) . <table class='wikitable'><tr><td>1</td><td>beginning of year</td><td>627</td></tr><tr><td>2</td><td>revisions of previous estimates</td><td>1</td></tr><tr><td>3</td><td>improved recovery</td><td>1</td></tr><tr><td>4</td><td>purchases of reserves in place</td><td>4</td></tr><tr><td>5</td><td>extensions discoveries and other additions</td><td>227</td></tr><tr><td>6</td><td>dispositions</td><td>-29 ( 29 )</td></tr><tr><td>7</td><td>transfers to proved developed</td><td>-103 ( 103 )</td></tr><tr><td>8</td><td>end of year</td><td>728</td></tr></table> significant additions to proved undeveloped reserves during 2014 included 121 mmboe in the eagle ford and 61 mmboe in the bakken shale plays due to development drilling . transfers from proved undeveloped to proved developed reserves included 67 mmboe in the eagle ford , 26 mmboe in the bakken and 1 mmboe in the oklahoma resource basins due to development drilling and completions . costs incurred in 2014 , 2013 and 2012 relating to the development of proved undeveloped reserves , were $ 3149 million , $ 2536 million and $ 1995 million . a total of 102 mmboe was booked as extensions , discoveries or other additions due to the application of reliable technology . technologies included statistical analysis of production performance , decline curve analysis , pressure and rate transient analysis , reservoir simulation and volumetric analysis . the statistical nature of production performance coupled with highly certain reservoir continuity or quality within the reliable technology areas and sufficient proved undeveloped locations establish the reasonable certainty criteria required for booking proved reserves . projects can remain in proved undeveloped reserves for extended periods in certain situations such as large development projects which take more than five years to complete , or the timing of when additional gas compression is needed . of the 728 mmboe of proved undeveloped reserves at december 31 , 2014 , 19 percent of the volume is associated with projects that have been included in proved reserves for more than five years . the majority of this volume is related to a compression project in e.g . that was sanctioned by our board of directors in 2004 . the timing of the installation of compression is being driven by the reservoir performance with this project intended to maintain maximum production levels . performance of this field since the board sanctioned the project has far exceeded expectations . estimates of initial dry gas in place increased by roughly 10 percent between 2004 and 2010 . during 2012 , the compression project received the approval of the e.g . government , allowing design and planning work to progress towards implementation , with completion expected by mid-2016 . the other component of alba proved undeveloped reserves is an infill well approved in 2013 and to be drilled in the second quarter of 2015 . proved undeveloped reserves for the north gialo development , located in the libyan sahara desert , were booked for the first time in 2010 . this development , which is anticipated to take more than five years to develop , is executed by the operator and encompasses a multi-year drilling program including the design , fabrication and installation of extensive liquid handling and gas recycling facilities . anecdotal evidence from similar development projects in the region lead to an expected project execution time frame of more than five years from the time the reserves were initially booked . interruptions associated with the civil unrest in 2011 and third-party labor strikes and civil unrest in 2013-2014 have also extended the project duration . as of december 31 , 2014 , future development costs estimated to be required for the development of proved undeveloped crude oil and condensate , ngls , natural gas and synthetic crude oil reserves related to continuing operations for the years 2015 through 2019 are projected to be $ 2915 million , $ 2598 million , $ 2493 million , $ 2669 million and $ 2745 million. .
Question: what was the total of undeveloped reserves in the end of 2014?
Answer: 728.0
Question: and what was that total in the beginning of that year?
Answer: 627.0
Question: what was, then, the change throughout the year?
Answer: 101.0
Question: what was the total of undeveloped reserves in the end of 2014?
Answer: 728.0
Question: and how much does that change represent in relation to this total?
| 0.13874 |
CONVFINQA7408 | 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.
kimco realty corporation and subsidiaries notes to consolidated financial statements , continued the units consisted of ( i ) approximately 81.8 million preferred a units par value $ 1.00 per unit , which pay the holder a return of 7.0% ( 7.0 % ) per annum on the preferred a par value and are redeemable for cash by the holder at any time after one year or callable by the company any time after six months and contain a promote feature based upon an increase in net operating income of the properties capped at a 10.0% ( 10.0 % ) increase , ( ii ) 2000 class a preferred units , par value $ 10000 per unit , which pay the holder a return equal to libor plus 2.0% ( 2.0 % ) per annum on the class a preferred par value and are redeemable for cash by the holder at any time after november 30 , 2010 , ( iii ) 2627 class b-1 preferred units , par value $ 10000 per unit , which pay the holder a return equal to 7.0% ( 7.0 % ) per annum on the class b-1 preferred par value and are redeemable by the holder at any time after november 30 , 2010 , for cash or at the company 2019s option , shares of the company 2019s common stock , equal to the cash redemption amount , as defined , ( iv ) 5673 class b-2 preferred units , par value $ 10000 per unit , which pay the holder a return equal to 7.0% ( 7.0 % ) per annum on the class b-2 preferred par value and are redeemable for cash by the holder at any time after november 30 , 2010 , and ( v ) 640001 class c downreit units , valued at an issuance price of $ 30.52 per unit which pay the holder a return at a rate equal to the company 2019s common stock dividend and are redeemable by the holder at any time after november 30 , 2010 , for cash or at the company 2019s option , shares of the company 2019s common stock equal to the class c cash amount , as defined . the following units have been redeemed as of december 31 , 2010 : redeemed par value redeemed ( in millions ) redemption type . <table class='wikitable'><tr><td>1</td><td>type</td><td>units redeemed</td><td>par value redeemed ( in millions )</td><td>redemption type</td></tr><tr><td>2</td><td>preferred a units</td><td>2200000</td><td>$ 2.2</td><td>cash</td></tr><tr><td>3</td><td>class a preferred units</td><td>2000</td><td>$ 20.0</td><td>cash</td></tr><tr><td>4</td><td>class b-1 preferred units</td><td>2438</td><td>$ 24.4</td><td>cash</td></tr><tr><td>5</td><td>class b-2 preferred units</td><td>5576</td><td>$ 55.8</td><td>cash/charitable contribution</td></tr><tr><td>6</td><td>class c downreit units</td><td>61804</td><td>$ 1.9</td><td>cash</td></tr></table> noncontrolling interest relating to the remaining units was $ 110.4 million and $ 113.1 million as of december 31 , 2010 and 2009 , respectively . during 2006 , the company acquired two shopping center properties located in bay shore and centereach , ny . included in noncontrolling interests was approximately $ 41.6 million , including a discount of $ 0.3 million and a fair market value adjustment of $ 3.8 million , in redeemable units ( the 201credeemable units 201d ) , issued by the company in connection with these transactions . the prop- erties were acquired through the issuance of $ 24.2 million of redeemable units , which are redeemable at the option of the holder ; approximately $ 14.0 million of fixed rate redeemable units and the assumption of approximately $ 23.4 million of non-recourse debt . the redeemable units consist of ( i ) 13963 class a units , par value $ 1000 per unit , which pay the holder a return of 5% ( 5 % ) per annum of the class a par value and are redeemable for cash by the holder at any time after april 3 , 2011 , or callable by the company any time after april 3 , 2016 , and ( ii ) 647758 class b units , valued at an issuance price of $ 37.24 per unit , which pay the holder a return at a rate equal to the company 2019s common stock dividend and are redeemable by the holder at any time after april 3 , 2007 , for cash or at the option of the company for common stock at a ratio of 1:1 , or callable by the company any time after april 3 , 2026 . the company is restricted from disposing of these assets , other than through a tax free transaction , until april 2016 and april 2026 for the centereach , ny , and bay shore , ny , assets , respectively . during 2007 , 30000 units , or $ 1.1 million par value , of theclass bunits were redeemed by the holder in cash at the option of the company . noncontrolling interest relating to the units was $ 40.4 million and $ 40.3 million as of december 31 , 2010 and 2009 , respectively . noncontrolling interests also includes 138015 convertible units issued during 2006 , by the company , which were valued at approxi- mately $ 5.3 million , including a fair market value adjustment of $ 0.3 million , related to an interest acquired in an office building located in albany , ny . these units are redeemable at the option of the holder after one year for cash or at the option of the company for the company 2019s common stock at a ratio of 1:1 . the holder is entitled to a distribution equal to the dividend rate of the company 2019s common stock . the company is restricted from disposing of these assets , other than through a tax free transaction , until january 2017. .
Question: what was the value of noncontrolling interest relating to the remaining units in 2010?
| 110.4 |
CONVFINQA7409 | 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.
kimco realty corporation and subsidiaries notes to consolidated financial statements , continued the units consisted of ( i ) approximately 81.8 million preferred a units par value $ 1.00 per unit , which pay the holder a return of 7.0% ( 7.0 % ) per annum on the preferred a par value and are redeemable for cash by the holder at any time after one year or callable by the company any time after six months and contain a promote feature based upon an increase in net operating income of the properties capped at a 10.0% ( 10.0 % ) increase , ( ii ) 2000 class a preferred units , par value $ 10000 per unit , which pay the holder a return equal to libor plus 2.0% ( 2.0 % ) per annum on the class a preferred par value and are redeemable for cash by the holder at any time after november 30 , 2010 , ( iii ) 2627 class b-1 preferred units , par value $ 10000 per unit , which pay the holder a return equal to 7.0% ( 7.0 % ) per annum on the class b-1 preferred par value and are redeemable by the holder at any time after november 30 , 2010 , for cash or at the company 2019s option , shares of the company 2019s common stock , equal to the cash redemption amount , as defined , ( iv ) 5673 class b-2 preferred units , par value $ 10000 per unit , which pay the holder a return equal to 7.0% ( 7.0 % ) per annum on the class b-2 preferred par value and are redeemable for cash by the holder at any time after november 30 , 2010 , and ( v ) 640001 class c downreit units , valued at an issuance price of $ 30.52 per unit which pay the holder a return at a rate equal to the company 2019s common stock dividend and are redeemable by the holder at any time after november 30 , 2010 , for cash or at the company 2019s option , shares of the company 2019s common stock equal to the class c cash amount , as defined . the following units have been redeemed as of december 31 , 2010 : redeemed par value redeemed ( in millions ) redemption type . <table class='wikitable'><tr><td>1</td><td>type</td><td>units redeemed</td><td>par value redeemed ( in millions )</td><td>redemption type</td></tr><tr><td>2</td><td>preferred a units</td><td>2200000</td><td>$ 2.2</td><td>cash</td></tr><tr><td>3</td><td>class a preferred units</td><td>2000</td><td>$ 20.0</td><td>cash</td></tr><tr><td>4</td><td>class b-1 preferred units</td><td>2438</td><td>$ 24.4</td><td>cash</td></tr><tr><td>5</td><td>class b-2 preferred units</td><td>5576</td><td>$ 55.8</td><td>cash/charitable contribution</td></tr><tr><td>6</td><td>class c downreit units</td><td>61804</td><td>$ 1.9</td><td>cash</td></tr></table> noncontrolling interest relating to the remaining units was $ 110.4 million and $ 113.1 million as of december 31 , 2010 and 2009 , respectively . during 2006 , the company acquired two shopping center properties located in bay shore and centereach , ny . included in noncontrolling interests was approximately $ 41.6 million , including a discount of $ 0.3 million and a fair market value adjustment of $ 3.8 million , in redeemable units ( the 201credeemable units 201d ) , issued by the company in connection with these transactions . the prop- erties were acquired through the issuance of $ 24.2 million of redeemable units , which are redeemable at the option of the holder ; approximately $ 14.0 million of fixed rate redeemable units and the assumption of approximately $ 23.4 million of non-recourse debt . the redeemable units consist of ( i ) 13963 class a units , par value $ 1000 per unit , which pay the holder a return of 5% ( 5 % ) per annum of the class a par value and are redeemable for cash by the holder at any time after april 3 , 2011 , or callable by the company any time after april 3 , 2016 , and ( ii ) 647758 class b units , valued at an issuance price of $ 37.24 per unit , which pay the holder a return at a rate equal to the company 2019s common stock dividend and are redeemable by the holder at any time after april 3 , 2007 , for cash or at the option of the company for common stock at a ratio of 1:1 , or callable by the company any time after april 3 , 2026 . the company is restricted from disposing of these assets , other than through a tax free transaction , until april 2016 and april 2026 for the centereach , ny , and bay shore , ny , assets , respectively . during 2007 , 30000 units , or $ 1.1 million par value , of theclass bunits were redeemed by the holder in cash at the option of the company . noncontrolling interest relating to the units was $ 40.4 million and $ 40.3 million as of december 31 , 2010 and 2009 , respectively . noncontrolling interests also includes 138015 convertible units issued during 2006 , by the company , which were valued at approxi- mately $ 5.3 million , including a fair market value adjustment of $ 0.3 million , related to an interest acquired in an office building located in albany , ny . these units are redeemable at the option of the holder after one year for cash or at the option of the company for the company 2019s common stock at a ratio of 1:1 . the holder is entitled to a distribution equal to the dividend rate of the company 2019s common stock . the company is restricted from disposing of these assets , other than through a tax free transaction , until january 2017. .
Question: what was the value of noncontrolling interest relating to the remaining units in 2010?
Answer: 110.4
Question: what was the value in 2009?
| 113.1 |
CONVFINQA7410 | 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.
kimco realty corporation and subsidiaries notes to consolidated financial statements , continued the units consisted of ( i ) approximately 81.8 million preferred a units par value $ 1.00 per unit , which pay the holder a return of 7.0% ( 7.0 % ) per annum on the preferred a par value and are redeemable for cash by the holder at any time after one year or callable by the company any time after six months and contain a promote feature based upon an increase in net operating income of the properties capped at a 10.0% ( 10.0 % ) increase , ( ii ) 2000 class a preferred units , par value $ 10000 per unit , which pay the holder a return equal to libor plus 2.0% ( 2.0 % ) per annum on the class a preferred par value and are redeemable for cash by the holder at any time after november 30 , 2010 , ( iii ) 2627 class b-1 preferred units , par value $ 10000 per unit , which pay the holder a return equal to 7.0% ( 7.0 % ) per annum on the class b-1 preferred par value and are redeemable by the holder at any time after november 30 , 2010 , for cash or at the company 2019s option , shares of the company 2019s common stock , equal to the cash redemption amount , as defined , ( iv ) 5673 class b-2 preferred units , par value $ 10000 per unit , which pay the holder a return equal to 7.0% ( 7.0 % ) per annum on the class b-2 preferred par value and are redeemable for cash by the holder at any time after november 30 , 2010 , and ( v ) 640001 class c downreit units , valued at an issuance price of $ 30.52 per unit which pay the holder a return at a rate equal to the company 2019s common stock dividend and are redeemable by the holder at any time after november 30 , 2010 , for cash or at the company 2019s option , shares of the company 2019s common stock equal to the class c cash amount , as defined . the following units have been redeemed as of december 31 , 2010 : redeemed par value redeemed ( in millions ) redemption type . <table class='wikitable'><tr><td>1</td><td>type</td><td>units redeemed</td><td>par value redeemed ( in millions )</td><td>redemption type</td></tr><tr><td>2</td><td>preferred a units</td><td>2200000</td><td>$ 2.2</td><td>cash</td></tr><tr><td>3</td><td>class a preferred units</td><td>2000</td><td>$ 20.0</td><td>cash</td></tr><tr><td>4</td><td>class b-1 preferred units</td><td>2438</td><td>$ 24.4</td><td>cash</td></tr><tr><td>5</td><td>class b-2 preferred units</td><td>5576</td><td>$ 55.8</td><td>cash/charitable contribution</td></tr><tr><td>6</td><td>class c downreit units</td><td>61804</td><td>$ 1.9</td><td>cash</td></tr></table> noncontrolling interest relating to the remaining units was $ 110.4 million and $ 113.1 million as of december 31 , 2010 and 2009 , respectively . during 2006 , the company acquired two shopping center properties located in bay shore and centereach , ny . included in noncontrolling interests was approximately $ 41.6 million , including a discount of $ 0.3 million and a fair market value adjustment of $ 3.8 million , in redeemable units ( the 201credeemable units 201d ) , issued by the company in connection with these transactions . the prop- erties were acquired through the issuance of $ 24.2 million of redeemable units , which are redeemable at the option of the holder ; approximately $ 14.0 million of fixed rate redeemable units and the assumption of approximately $ 23.4 million of non-recourse debt . the redeemable units consist of ( i ) 13963 class a units , par value $ 1000 per unit , which pay the holder a return of 5% ( 5 % ) per annum of the class a par value and are redeemable for cash by the holder at any time after april 3 , 2011 , or callable by the company any time after april 3 , 2016 , and ( ii ) 647758 class b units , valued at an issuance price of $ 37.24 per unit , which pay the holder a return at a rate equal to the company 2019s common stock dividend and are redeemable by the holder at any time after april 3 , 2007 , for cash or at the option of the company for common stock at a ratio of 1:1 , or callable by the company any time after april 3 , 2026 . the company is restricted from disposing of these assets , other than through a tax free transaction , until april 2016 and april 2026 for the centereach , ny , and bay shore , ny , assets , respectively . during 2007 , 30000 units , or $ 1.1 million par value , of theclass bunits were redeemed by the holder in cash at the option of the company . noncontrolling interest relating to the units was $ 40.4 million and $ 40.3 million as of december 31 , 2010 and 2009 , respectively . noncontrolling interests also includes 138015 convertible units issued during 2006 , by the company , which were valued at approxi- mately $ 5.3 million , including a fair market value adjustment of $ 0.3 million , related to an interest acquired in an office building located in albany , ny . these units are redeemable at the option of the holder after one year for cash or at the option of the company for the company 2019s common stock at a ratio of 1:1 . the holder is entitled to a distribution equal to the dividend rate of the company 2019s common stock . the company is restricted from disposing of these assets , other than through a tax free transaction , until january 2017. .
Question: what was the value of noncontrolling interest relating to the remaining units in 2010?
Answer: 110.4
Question: what was the value in 2009?
Answer: 113.1
Question: what is the sum?
| 223.5 |
CONVFINQA7411 | 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.
kimco realty corporation and subsidiaries notes to consolidated financial statements , continued the units consisted of ( i ) approximately 81.8 million preferred a units par value $ 1.00 per unit , which pay the holder a return of 7.0% ( 7.0 % ) per annum on the preferred a par value and are redeemable for cash by the holder at any time after one year or callable by the company any time after six months and contain a promote feature based upon an increase in net operating income of the properties capped at a 10.0% ( 10.0 % ) increase , ( ii ) 2000 class a preferred units , par value $ 10000 per unit , which pay the holder a return equal to libor plus 2.0% ( 2.0 % ) per annum on the class a preferred par value and are redeemable for cash by the holder at any time after november 30 , 2010 , ( iii ) 2627 class b-1 preferred units , par value $ 10000 per unit , which pay the holder a return equal to 7.0% ( 7.0 % ) per annum on the class b-1 preferred par value and are redeemable by the holder at any time after november 30 , 2010 , for cash or at the company 2019s option , shares of the company 2019s common stock , equal to the cash redemption amount , as defined , ( iv ) 5673 class b-2 preferred units , par value $ 10000 per unit , which pay the holder a return equal to 7.0% ( 7.0 % ) per annum on the class b-2 preferred par value and are redeemable for cash by the holder at any time after november 30 , 2010 , and ( v ) 640001 class c downreit units , valued at an issuance price of $ 30.52 per unit which pay the holder a return at a rate equal to the company 2019s common stock dividend and are redeemable by the holder at any time after november 30 , 2010 , for cash or at the company 2019s option , shares of the company 2019s common stock equal to the class c cash amount , as defined . the following units have been redeemed as of december 31 , 2010 : redeemed par value redeemed ( in millions ) redemption type . <table class='wikitable'><tr><td>1</td><td>type</td><td>units redeemed</td><td>par value redeemed ( in millions )</td><td>redemption type</td></tr><tr><td>2</td><td>preferred a units</td><td>2200000</td><td>$ 2.2</td><td>cash</td></tr><tr><td>3</td><td>class a preferred units</td><td>2000</td><td>$ 20.0</td><td>cash</td></tr><tr><td>4</td><td>class b-1 preferred units</td><td>2438</td><td>$ 24.4</td><td>cash</td></tr><tr><td>5</td><td>class b-2 preferred units</td><td>5576</td><td>$ 55.8</td><td>cash/charitable contribution</td></tr><tr><td>6</td><td>class c downreit units</td><td>61804</td><td>$ 1.9</td><td>cash</td></tr></table> noncontrolling interest relating to the remaining units was $ 110.4 million and $ 113.1 million as of december 31 , 2010 and 2009 , respectively . during 2006 , the company acquired two shopping center properties located in bay shore and centereach , ny . included in noncontrolling interests was approximately $ 41.6 million , including a discount of $ 0.3 million and a fair market value adjustment of $ 3.8 million , in redeemable units ( the 201credeemable units 201d ) , issued by the company in connection with these transactions . the prop- erties were acquired through the issuance of $ 24.2 million of redeemable units , which are redeemable at the option of the holder ; approximately $ 14.0 million of fixed rate redeemable units and the assumption of approximately $ 23.4 million of non-recourse debt . the redeemable units consist of ( i ) 13963 class a units , par value $ 1000 per unit , which pay the holder a return of 5% ( 5 % ) per annum of the class a par value and are redeemable for cash by the holder at any time after april 3 , 2011 , or callable by the company any time after april 3 , 2016 , and ( ii ) 647758 class b units , valued at an issuance price of $ 37.24 per unit , which pay the holder a return at a rate equal to the company 2019s common stock dividend and are redeemable by the holder at any time after april 3 , 2007 , for cash or at the option of the company for common stock at a ratio of 1:1 , or callable by the company any time after april 3 , 2026 . the company is restricted from disposing of these assets , other than through a tax free transaction , until april 2016 and april 2026 for the centereach , ny , and bay shore , ny , assets , respectively . during 2007 , 30000 units , or $ 1.1 million par value , of theclass bunits were redeemed by the holder in cash at the option of the company . noncontrolling interest relating to the units was $ 40.4 million and $ 40.3 million as of december 31 , 2010 and 2009 , respectively . noncontrolling interests also includes 138015 convertible units issued during 2006 , by the company , which were valued at approxi- mately $ 5.3 million , including a fair market value adjustment of $ 0.3 million , related to an interest acquired in an office building located in albany , ny . these units are redeemable at the option of the holder after one year for cash or at the option of the company for the company 2019s common stock at a ratio of 1:1 . the holder is entitled to a distribution equal to the dividend rate of the company 2019s common stock . the company is restricted from disposing of these assets , other than through a tax free transaction , until january 2017. .
Question: what was the value of noncontrolling interest relating to the remaining units in 2010?
Answer: 110.4
Question: what was the value in 2009?
Answer: 113.1
Question: what is the sum?
Answer: 223.5
Question: what is the average value?
| 111.75 |
CONVFINQA7412 | 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.
commodities purchased for use in our supply chain . we manage our exposures through a combination of purchase orders , long-term contracts with suppliers , exchange-traded futures and options , and over-the-counter options and swaps . we offset our exposures based on current and projected market conditions and generally seek to acquire the inputs at as close to our planned cost as possible . we use derivatives to manage our exposure to changes in commodity prices . we do not perform the assessments required to achieve hedge accounting for commodity derivative positions . accordingly , the changes in the values of these derivatives are recorded currently in cost of sales in our consolidated statements of earnings . although we do not meet the criteria for cash flow hedge accounting , we believe that these instruments are effective in achieving our objective of providing certainty in the future price of commodities purchased for use in our supply chain . accordingly , for purposes of measuring segment operating performance these gains and losses are reported in unallocated corporate items outside of segment operating results until such time that the exposure we are managing affects earnings . at that time we reclassify the gain or loss from unallocated corporate items to segment operating profit , allowing our operating segments to realize the economic effects of the derivative without experiencing any resulting mark-to-market volatility , which remains in unallocated corporate items . unallocated corporate items for fiscal 2019 , 2018 and 2017 included: . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>fiscal year 2019</td><td>fiscal year 2018</td><td>fiscal year 2017</td></tr><tr><td>2</td><td>net gain ( loss ) onmark-to-marketvaluation of commodity positions</td><td>$ -39.0 ( 39.0 )</td><td>$ 14.3</td><td>$ -22.0 ( 22.0 )</td></tr><tr><td>3</td><td>net loss on commodity positions reclassified from unallocated corporate items to segmentoperating profit</td><td>10.0</td><td>11.3</td><td>32.0</td></tr><tr><td>4</td><td>netmark-to-marketrevaluation of certain grain inventories</td><td>-7.0 ( 7.0 )</td><td>6.5</td><td>3.9</td></tr><tr><td>5</td><td>netmark-to-marketvaluation of certain commodity positions recognized in unallocated corporate items</td><td>$ -36.0 ( 36.0 )</td><td>$ 32.1</td><td>$ 13.9</td></tr></table> net mark-to-market valuation of certain commodity positions recognized in unallocated corporate items $ ( 36.0 ) $ 32.1 $ 13.9 as of may 26 , 2019 , the net notional value of commodity derivatives was $ 312.5 million , of which $ 242.9 million related to agricultural inputs and $ 69.6 million related to energy inputs . these contracts relate to inputs that generally will be utilized within the next 12 months . interest rate risk we are exposed to interest rate volatility with regard to future issuances of fixed-rate debt , and existing and future issuances of floating-rate debt . primary exposures include u.s . treasury rates , libor , euribor , and commercial paper rates in the united states and europe . we use interest rate swaps , forward-starting interest rate swaps , and treasury locks to hedge our exposure to interest rate changes , to reduce the volatility of our financing costs , and to achieve a desired proportion of fixed rate versus floating-rate debt , based on current and projected market conditions . generally under these swaps , we agree with a counterparty to exchange the difference between fixed-rate and floating-rate interest amounts based on an agreed upon notional principal amount . floating interest rate exposures 2014 floating-to-fixed interest rate swaps are accounted for as cash flow hedges , as are all hedges of forecasted issuances of debt . effectiveness is assessed based on either the perfectly effective hypothetical derivative method or changes in the present value of interest payments on the underlying debt . effective gains and losses deferred to aoci are reclassified into earnings over the life of the associated debt . ineffective gains and losses are recorded as net interest . the amount of hedge ineffectiveness was less than $ 1 million in fiscal 2019 , a $ 2.6 million loss in fiscal 2018 , and less than $ 1 million in fiscal 2017 . fixed interest rate exposures 2014 fixed-to-floating interest rate swaps are accounted for as fair value hedges with effectiveness assessed based on changes in the fair value of the underlying debt and derivatives , using .
Question: what was the sum value of net loss on commodity positions reclassified from unallocated corporate items to segment operating profit in 2018 and 2019?
| 21.3 |
CONVFINQA7413 | 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.
commodities purchased for use in our supply chain . we manage our exposures through a combination of purchase orders , long-term contracts with suppliers , exchange-traded futures and options , and over-the-counter options and swaps . we offset our exposures based on current and projected market conditions and generally seek to acquire the inputs at as close to our planned cost as possible . we use derivatives to manage our exposure to changes in commodity prices . we do not perform the assessments required to achieve hedge accounting for commodity derivative positions . accordingly , the changes in the values of these derivatives are recorded currently in cost of sales in our consolidated statements of earnings . although we do not meet the criteria for cash flow hedge accounting , we believe that these instruments are effective in achieving our objective of providing certainty in the future price of commodities purchased for use in our supply chain . accordingly , for purposes of measuring segment operating performance these gains and losses are reported in unallocated corporate items outside of segment operating results until such time that the exposure we are managing affects earnings . at that time we reclassify the gain or loss from unallocated corporate items to segment operating profit , allowing our operating segments to realize the economic effects of the derivative without experiencing any resulting mark-to-market volatility , which remains in unallocated corporate items . unallocated corporate items for fiscal 2019 , 2018 and 2017 included: . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>fiscal year 2019</td><td>fiscal year 2018</td><td>fiscal year 2017</td></tr><tr><td>2</td><td>net gain ( loss ) onmark-to-marketvaluation of commodity positions</td><td>$ -39.0 ( 39.0 )</td><td>$ 14.3</td><td>$ -22.0 ( 22.0 )</td></tr><tr><td>3</td><td>net loss on commodity positions reclassified from unallocated corporate items to segmentoperating profit</td><td>10.0</td><td>11.3</td><td>32.0</td></tr><tr><td>4</td><td>netmark-to-marketrevaluation of certain grain inventories</td><td>-7.0 ( 7.0 )</td><td>6.5</td><td>3.9</td></tr><tr><td>5</td><td>netmark-to-marketvaluation of certain commodity positions recognized in unallocated corporate items</td><td>$ -36.0 ( 36.0 )</td><td>$ 32.1</td><td>$ 13.9</td></tr></table> net mark-to-market valuation of certain commodity positions recognized in unallocated corporate items $ ( 36.0 ) $ 32.1 $ 13.9 as of may 26 , 2019 , the net notional value of commodity derivatives was $ 312.5 million , of which $ 242.9 million related to agricultural inputs and $ 69.6 million related to energy inputs . these contracts relate to inputs that generally will be utilized within the next 12 months . interest rate risk we are exposed to interest rate volatility with regard to future issuances of fixed-rate debt , and existing and future issuances of floating-rate debt . primary exposures include u.s . treasury rates , libor , euribor , and commercial paper rates in the united states and europe . we use interest rate swaps , forward-starting interest rate swaps , and treasury locks to hedge our exposure to interest rate changes , to reduce the volatility of our financing costs , and to achieve a desired proportion of fixed rate versus floating-rate debt , based on current and projected market conditions . generally under these swaps , we agree with a counterparty to exchange the difference between fixed-rate and floating-rate interest amounts based on an agreed upon notional principal amount . floating interest rate exposures 2014 floating-to-fixed interest rate swaps are accounted for as cash flow hedges , as are all hedges of forecasted issuances of debt . effectiveness is assessed based on either the perfectly effective hypothetical derivative method or changes in the present value of interest payments on the underlying debt . effective gains and losses deferred to aoci are reclassified into earnings over the life of the associated debt . ineffective gains and losses are recorded as net interest . the amount of hedge ineffectiveness was less than $ 1 million in fiscal 2019 , a $ 2.6 million loss in fiscal 2018 , and less than $ 1 million in fiscal 2017 . fixed interest rate exposures 2014 fixed-to-floating interest rate swaps are accounted for as fair value hedges with effectiveness assessed based on changes in the fair value of the underlying debt and derivatives , using .
Question: what was the sum value of net loss on commodity positions reclassified from unallocated corporate items to segment operating profit in 2018 and 2019?
Answer: 21.3
Question: what was the value of net loss on commodity positions reclassified from unallocated corporate items to segment operating profit in 2017?
| 32.0 |
CONVFINQA7414 | 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.
commodities purchased for use in our supply chain . we manage our exposures through a combination of purchase orders , long-term contracts with suppliers , exchange-traded futures and options , and over-the-counter options and swaps . we offset our exposures based on current and projected market conditions and generally seek to acquire the inputs at as close to our planned cost as possible . we use derivatives to manage our exposure to changes in commodity prices . we do not perform the assessments required to achieve hedge accounting for commodity derivative positions . accordingly , the changes in the values of these derivatives are recorded currently in cost of sales in our consolidated statements of earnings . although we do not meet the criteria for cash flow hedge accounting , we believe that these instruments are effective in achieving our objective of providing certainty in the future price of commodities purchased for use in our supply chain . accordingly , for purposes of measuring segment operating performance these gains and losses are reported in unallocated corporate items outside of segment operating results until such time that the exposure we are managing affects earnings . at that time we reclassify the gain or loss from unallocated corporate items to segment operating profit , allowing our operating segments to realize the economic effects of the derivative without experiencing any resulting mark-to-market volatility , which remains in unallocated corporate items . unallocated corporate items for fiscal 2019 , 2018 and 2017 included: . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>fiscal year 2019</td><td>fiscal year 2018</td><td>fiscal year 2017</td></tr><tr><td>2</td><td>net gain ( loss ) onmark-to-marketvaluation of commodity positions</td><td>$ -39.0 ( 39.0 )</td><td>$ 14.3</td><td>$ -22.0 ( 22.0 )</td></tr><tr><td>3</td><td>net loss on commodity positions reclassified from unallocated corporate items to segmentoperating profit</td><td>10.0</td><td>11.3</td><td>32.0</td></tr><tr><td>4</td><td>netmark-to-marketrevaluation of certain grain inventories</td><td>-7.0 ( 7.0 )</td><td>6.5</td><td>3.9</td></tr><tr><td>5</td><td>netmark-to-marketvaluation of certain commodity positions recognized in unallocated corporate items</td><td>$ -36.0 ( 36.0 )</td><td>$ 32.1</td><td>$ 13.9</td></tr></table> net mark-to-market valuation of certain commodity positions recognized in unallocated corporate items $ ( 36.0 ) $ 32.1 $ 13.9 as of may 26 , 2019 , the net notional value of commodity derivatives was $ 312.5 million , of which $ 242.9 million related to agricultural inputs and $ 69.6 million related to energy inputs . these contracts relate to inputs that generally will be utilized within the next 12 months . interest rate risk we are exposed to interest rate volatility with regard to future issuances of fixed-rate debt , and existing and future issuances of floating-rate debt . primary exposures include u.s . treasury rates , libor , euribor , and commercial paper rates in the united states and europe . we use interest rate swaps , forward-starting interest rate swaps , and treasury locks to hedge our exposure to interest rate changes , to reduce the volatility of our financing costs , and to achieve a desired proportion of fixed rate versus floating-rate debt , based on current and projected market conditions . generally under these swaps , we agree with a counterparty to exchange the difference between fixed-rate and floating-rate interest amounts based on an agreed upon notional principal amount . floating interest rate exposures 2014 floating-to-fixed interest rate swaps are accounted for as cash flow hedges , as are all hedges of forecasted issuances of debt . effectiveness is assessed based on either the perfectly effective hypothetical derivative method or changes in the present value of interest payments on the underlying debt . effective gains and losses deferred to aoci are reclassified into earnings over the life of the associated debt . ineffective gains and losses are recorded as net interest . the amount of hedge ineffectiveness was less than $ 1 million in fiscal 2019 , a $ 2.6 million loss in fiscal 2018 , and less than $ 1 million in fiscal 2017 . fixed interest rate exposures 2014 fixed-to-floating interest rate swaps are accounted for as fair value hedges with effectiveness assessed based on changes in the fair value of the underlying debt and derivatives , using .
Question: what was the sum value of net loss on commodity positions reclassified from unallocated corporate items to segment operating profit in 2018 and 2019?
Answer: 21.3
Question: what was the value of net loss on commodity positions reclassified from unallocated corporate items to segment operating profit in 2017?
Answer: 32.0
Question: what is the total sum?
| 53.3 |
CONVFINQA7415 | 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.
commodities purchased for use in our supply chain . we manage our exposures through a combination of purchase orders , long-term contracts with suppliers , exchange-traded futures and options , and over-the-counter options and swaps . we offset our exposures based on current and projected market conditions and generally seek to acquire the inputs at as close to our planned cost as possible . we use derivatives to manage our exposure to changes in commodity prices . we do not perform the assessments required to achieve hedge accounting for commodity derivative positions . accordingly , the changes in the values of these derivatives are recorded currently in cost of sales in our consolidated statements of earnings . although we do not meet the criteria for cash flow hedge accounting , we believe that these instruments are effective in achieving our objective of providing certainty in the future price of commodities purchased for use in our supply chain . accordingly , for purposes of measuring segment operating performance these gains and losses are reported in unallocated corporate items outside of segment operating results until such time that the exposure we are managing affects earnings . at that time we reclassify the gain or loss from unallocated corporate items to segment operating profit , allowing our operating segments to realize the economic effects of the derivative without experiencing any resulting mark-to-market volatility , which remains in unallocated corporate items . unallocated corporate items for fiscal 2019 , 2018 and 2017 included: . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>fiscal year 2019</td><td>fiscal year 2018</td><td>fiscal year 2017</td></tr><tr><td>2</td><td>net gain ( loss ) onmark-to-marketvaluation of commodity positions</td><td>$ -39.0 ( 39.0 )</td><td>$ 14.3</td><td>$ -22.0 ( 22.0 )</td></tr><tr><td>3</td><td>net loss on commodity positions reclassified from unallocated corporate items to segmentoperating profit</td><td>10.0</td><td>11.3</td><td>32.0</td></tr><tr><td>4</td><td>netmark-to-marketrevaluation of certain grain inventories</td><td>-7.0 ( 7.0 )</td><td>6.5</td><td>3.9</td></tr><tr><td>5</td><td>netmark-to-marketvaluation of certain commodity positions recognized in unallocated corporate items</td><td>$ -36.0 ( 36.0 )</td><td>$ 32.1</td><td>$ 13.9</td></tr></table> net mark-to-market valuation of certain commodity positions recognized in unallocated corporate items $ ( 36.0 ) $ 32.1 $ 13.9 as of may 26 , 2019 , the net notional value of commodity derivatives was $ 312.5 million , of which $ 242.9 million related to agricultural inputs and $ 69.6 million related to energy inputs . these contracts relate to inputs that generally will be utilized within the next 12 months . interest rate risk we are exposed to interest rate volatility with regard to future issuances of fixed-rate debt , and existing and future issuances of floating-rate debt . primary exposures include u.s . treasury rates , libor , euribor , and commercial paper rates in the united states and europe . we use interest rate swaps , forward-starting interest rate swaps , and treasury locks to hedge our exposure to interest rate changes , to reduce the volatility of our financing costs , and to achieve a desired proportion of fixed rate versus floating-rate debt , based on current and projected market conditions . generally under these swaps , we agree with a counterparty to exchange the difference between fixed-rate and floating-rate interest amounts based on an agreed upon notional principal amount . floating interest rate exposures 2014 floating-to-fixed interest rate swaps are accounted for as cash flow hedges , as are all hedges of forecasted issuances of debt . effectiveness is assessed based on either the perfectly effective hypothetical derivative method or changes in the present value of interest payments on the underlying debt . effective gains and losses deferred to aoci are reclassified into earnings over the life of the associated debt . ineffective gains and losses are recorded as net interest . the amount of hedge ineffectiveness was less than $ 1 million in fiscal 2019 , a $ 2.6 million loss in fiscal 2018 , and less than $ 1 million in fiscal 2017 . fixed interest rate exposures 2014 fixed-to-floating interest rate swaps are accounted for as fair value hedges with effectiveness assessed based on changes in the fair value of the underlying debt and derivatives , using .
Question: what was the sum value of net loss on commodity positions reclassified from unallocated corporate items to segment operating profit in 2018 and 2019?
Answer: 21.3
Question: what was the value of net loss on commodity positions reclassified from unallocated corporate items to segment operating profit in 2017?
Answer: 32.0
Question: what is the total sum?
Answer: 53.3
Question: what is the average value per year?
| 17.76667 |
CONVFINQA7416 | 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.
2018 emerson annual report | 51 as of september 30 , 2018 , 1874750 shares awarded primarily in 2016 were outstanding , contingent on the company achieving its performance objectives through 2018 . the objectives for these shares were met at the 97 percent level at the end of 2018 and 1818508 shares will be distributed in early 2019 . additionally , the rights to receive a maximum of 2261700 and 2375313 common shares were awarded in 2018 and 2017 , respectively , under the new performance shares program , and are outstanding and contingent upon the company achieving its performance objectives through 2020 and 2019 , respectively . incentive shares plans also include restricted stock awards which involve distribution of common stock to key management employees subject to cliff vesting at the end of service periods ranging from three to ten years . the fair value of restricted stock awards is determined based on the average of the high and low market prices of the company 2019s common stock on the date of grant , with compensation expense recognized ratably over the applicable service period . in 2018 , 310000 shares of restricted stock vested as a result of participants fulfilling the applicable service requirements . consequently , 167837 shares were issued while 142163 shares were withheld for income taxes in accordance with minimum withholding requirements . as of september 30 , 2018 , there were 1276200 shares of unvested restricted stock outstanding . the total fair value of shares distributed under incentive shares plans was $ 20 , $ 245 and $ 11 , respectively , in 2018 , 2017 and 2016 , of which $ 9 , $ 101 and $ 4 was paid in cash , primarily for tax withholding . as of september 30 , 2018 , 10.3 million shares remained available for award under incentive shares plans . changes in shares outstanding but not yet earned under incentive shares plans during the year ended september 30 , 2018 follow ( shares in thousands ; assumes 100 percent payout of unvested awards ) : average grant date shares fair value per share . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares</td><td>average grant datefair value per share</td></tr><tr><td>2</td><td>beginning of year</td><td>4999</td><td>$ 50.33</td></tr><tr><td>3</td><td>granted</td><td>2295</td><td>$ 63.79</td></tr><tr><td>4</td><td>earned/vested</td><td>-310 ( 310 )</td><td>$ 51.27</td></tr><tr><td>5</td><td>canceled</td><td>-86 ( 86 )</td><td>$ 56.53</td></tr><tr><td>6</td><td>end of year</td><td>6898</td><td>$ 54.69</td></tr></table> total compensation expense for stock options and incentive shares was $ 216 , $ 115 and $ 159 for 2018 , 2017 and 2016 , respectively , of which $ 5 and $ 14 was included in discontinued operations for 2017 and 2016 , respectively . the increase in expense for 2018 reflects an increase in the company 2019s stock price and progress toward achieving its performance objectives . the decrease in expense for 2017 reflects the impact of changes in the stock price . income tax benefits recognized in the income statement for these compensation arrangements during 2018 , 2017 and 2016 were $ 42 , $ 33 and $ 45 , respectively . as of september 30 , 2018 , total unrecognized compensation expense related to unvested shares awarded under these plans was $ 182 , which is expected to be recognized over a weighted-average period of 1.1 years . in addition to the employee stock option and incentive shares plans , in 2018 the company awarded 12228 shares of restricted stock and 2038 restricted stock units under the restricted stock plan for non-management directors . as of september 30 , 2018 , 159965 shares were available for issuance under this plan . ( 16 ) common and preferred stock at september 30 , 2018 , 37.0 million shares of common stock were reserved for issuance under the company 2019s stock-based compensation plans . during 2018 , 15.1 million common shares were purchased and 2.6 million treasury shares were reissued . in 2017 , 6.6 million common shares were purchased and 5.5 million treasury shares were reissued . at september 30 , 2018 and 2017 , the company had 5.4 million shares of $ 2.50 par value preferred stock authorized , with none issued. .
Question: what is the net change in the average grant datefair value per share during the year as of september 30, 2018?
| 4.36 |
CONVFINQA7417 | 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.
2018 emerson annual report | 51 as of september 30 , 2018 , 1874750 shares awarded primarily in 2016 were outstanding , contingent on the company achieving its performance objectives through 2018 . the objectives for these shares were met at the 97 percent level at the end of 2018 and 1818508 shares will be distributed in early 2019 . additionally , the rights to receive a maximum of 2261700 and 2375313 common shares were awarded in 2018 and 2017 , respectively , under the new performance shares program , and are outstanding and contingent upon the company achieving its performance objectives through 2020 and 2019 , respectively . incentive shares plans also include restricted stock awards which involve distribution of common stock to key management employees subject to cliff vesting at the end of service periods ranging from three to ten years . the fair value of restricted stock awards is determined based on the average of the high and low market prices of the company 2019s common stock on the date of grant , with compensation expense recognized ratably over the applicable service period . in 2018 , 310000 shares of restricted stock vested as a result of participants fulfilling the applicable service requirements . consequently , 167837 shares were issued while 142163 shares were withheld for income taxes in accordance with minimum withholding requirements . as of september 30 , 2018 , there were 1276200 shares of unvested restricted stock outstanding . the total fair value of shares distributed under incentive shares plans was $ 20 , $ 245 and $ 11 , respectively , in 2018 , 2017 and 2016 , of which $ 9 , $ 101 and $ 4 was paid in cash , primarily for tax withholding . as of september 30 , 2018 , 10.3 million shares remained available for award under incentive shares plans . changes in shares outstanding but not yet earned under incentive shares plans during the year ended september 30 , 2018 follow ( shares in thousands ; assumes 100 percent payout of unvested awards ) : average grant date shares fair value per share . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares</td><td>average grant datefair value per share</td></tr><tr><td>2</td><td>beginning of year</td><td>4999</td><td>$ 50.33</td></tr><tr><td>3</td><td>granted</td><td>2295</td><td>$ 63.79</td></tr><tr><td>4</td><td>earned/vested</td><td>-310 ( 310 )</td><td>$ 51.27</td></tr><tr><td>5</td><td>canceled</td><td>-86 ( 86 )</td><td>$ 56.53</td></tr><tr><td>6</td><td>end of year</td><td>6898</td><td>$ 54.69</td></tr></table> total compensation expense for stock options and incentive shares was $ 216 , $ 115 and $ 159 for 2018 , 2017 and 2016 , respectively , of which $ 5 and $ 14 was included in discontinued operations for 2017 and 2016 , respectively . the increase in expense for 2018 reflects an increase in the company 2019s stock price and progress toward achieving its performance objectives . the decrease in expense for 2017 reflects the impact of changes in the stock price . income tax benefits recognized in the income statement for these compensation arrangements during 2018 , 2017 and 2016 were $ 42 , $ 33 and $ 45 , respectively . as of september 30 , 2018 , total unrecognized compensation expense related to unvested shares awarded under these plans was $ 182 , which is expected to be recognized over a weighted-average period of 1.1 years . in addition to the employee stock option and incentive shares plans , in 2018 the company awarded 12228 shares of restricted stock and 2038 restricted stock units under the restricted stock plan for non-management directors . as of september 30 , 2018 , 159965 shares were available for issuance under this plan . ( 16 ) common and preferred stock at september 30 , 2018 , 37.0 million shares of common stock were reserved for issuance under the company 2019s stock-based compensation plans . during 2018 , 15.1 million common shares were purchased and 2.6 million treasury shares were reissued . in 2017 , 6.6 million common shares were purchased and 5.5 million treasury shares were reissued . at september 30 , 2018 and 2017 , the company had 5.4 million shares of $ 2.50 par value preferred stock authorized , with none issued. .
Question: what is the net change in the average grant datefair value per share during the year as of september 30, 2018?
Answer: 4.36
Question: what is the value of the average grant datefair value per share as of september 30, 2017?
| 50.33 |
CONVFINQA7418 | 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.
2018 emerson annual report | 51 as of september 30 , 2018 , 1874750 shares awarded primarily in 2016 were outstanding , contingent on the company achieving its performance objectives through 2018 . the objectives for these shares were met at the 97 percent level at the end of 2018 and 1818508 shares will be distributed in early 2019 . additionally , the rights to receive a maximum of 2261700 and 2375313 common shares were awarded in 2018 and 2017 , respectively , under the new performance shares program , and are outstanding and contingent upon the company achieving its performance objectives through 2020 and 2019 , respectively . incentive shares plans also include restricted stock awards which involve distribution of common stock to key management employees subject to cliff vesting at the end of service periods ranging from three to ten years . the fair value of restricted stock awards is determined based on the average of the high and low market prices of the company 2019s common stock on the date of grant , with compensation expense recognized ratably over the applicable service period . in 2018 , 310000 shares of restricted stock vested as a result of participants fulfilling the applicable service requirements . consequently , 167837 shares were issued while 142163 shares were withheld for income taxes in accordance with minimum withholding requirements . as of september 30 , 2018 , there were 1276200 shares of unvested restricted stock outstanding . the total fair value of shares distributed under incentive shares plans was $ 20 , $ 245 and $ 11 , respectively , in 2018 , 2017 and 2016 , of which $ 9 , $ 101 and $ 4 was paid in cash , primarily for tax withholding . as of september 30 , 2018 , 10.3 million shares remained available for award under incentive shares plans . changes in shares outstanding but not yet earned under incentive shares plans during the year ended september 30 , 2018 follow ( shares in thousands ; assumes 100 percent payout of unvested awards ) : average grant date shares fair value per share . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares</td><td>average grant datefair value per share</td></tr><tr><td>2</td><td>beginning of year</td><td>4999</td><td>$ 50.33</td></tr><tr><td>3</td><td>granted</td><td>2295</td><td>$ 63.79</td></tr><tr><td>4</td><td>earned/vested</td><td>-310 ( 310 )</td><td>$ 51.27</td></tr><tr><td>5</td><td>canceled</td><td>-86 ( 86 )</td><td>$ 56.53</td></tr><tr><td>6</td><td>end of year</td><td>6898</td><td>$ 54.69</td></tr></table> total compensation expense for stock options and incentive shares was $ 216 , $ 115 and $ 159 for 2018 , 2017 and 2016 , respectively , of which $ 5 and $ 14 was included in discontinued operations for 2017 and 2016 , respectively . the increase in expense for 2018 reflects an increase in the company 2019s stock price and progress toward achieving its performance objectives . the decrease in expense for 2017 reflects the impact of changes in the stock price . income tax benefits recognized in the income statement for these compensation arrangements during 2018 , 2017 and 2016 were $ 42 , $ 33 and $ 45 , respectively . as of september 30 , 2018 , total unrecognized compensation expense related to unvested shares awarded under these plans was $ 182 , which is expected to be recognized over a weighted-average period of 1.1 years . in addition to the employee stock option and incentive shares plans , in 2018 the company awarded 12228 shares of restricted stock and 2038 restricted stock units under the restricted stock plan for non-management directors . as of september 30 , 2018 , 159965 shares were available for issuance under this plan . ( 16 ) common and preferred stock at september 30 , 2018 , 37.0 million shares of common stock were reserved for issuance under the company 2019s stock-based compensation plans . during 2018 , 15.1 million common shares were purchased and 2.6 million treasury shares were reissued . in 2017 , 6.6 million common shares were purchased and 5.5 million treasury shares were reissued . at september 30 , 2018 and 2017 , the company had 5.4 million shares of $ 2.50 par value preferred stock authorized , with none issued. .
Question: what is the net change in the average grant datefair value per share during the year as of september 30, 2018?
Answer: 4.36
Question: what is the value of the average grant datefair value per share as of september 30, 2017?
Answer: 50.33
Question: what percentage change does this represent?
| 0.08663 |
CONVFINQA7419 | 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.
goodwill is reviewed annually during the fourth quarter for impairment . in addition , the company performs an impairment analysis of other intangible assets based on the occurrence of other factors . such factors include , but are not limited to , signifi- cant changes in membership , state funding , medical contracts and provider networks and contracts . an impairment loss is rec- ognized if the carrying value of intangible assets exceeds the implied fair value . the company did not recognize any impair- ment losses for the periods presented . medical claims liabilities medical services costs include claims paid , claims reported but not yet paid ( inventory ) , estimates for claims incurred but not yet received ( ibnr ) and estimates for the costs necessary to process unpaid claims . the estimates of medical claims liabilities are developed using standard actuarial methods based upon historical data for payment patterns , cost trends , product mix , seasonality , utiliza- tion of healthcare services and other relevant factors including product changes . these estimates are continually reviewed and adjustments , if necessary , are reflected in the period known . management did not change actuarial methods during the years presented . management believes the amount of medical claims payable is reasonable and adequate to cover the company 2019s liabil- ity for unpaid claims as of december 31 , 2005 ; however , actual claim payments may differ from established estimates . revenue recognition the majority of the company 2019s medicaid managed care premi- um revenue is received monthly based on fixed rates per member as determined by state contracts . some contracts allow for addi- tional premium related to certain supplemental services provided such as maternity deliveries . revenue is recognized as earned over the covered period of services . revenues are recorded based on membership and eligibility data provided by the states , which may be adjusted by the states for updates to this membership and eligibility data . these adjustments are immaterial in relation to total revenue recorded and are reflected in the period known . premiums collected in advance are recorded as unearned revenue . the specialty services segment generates revenue under con- tracts with state and local government entities , our health plans and third-party customers . revenues for services are recognized when the services are provided or as ratably earned over the cov- ered period of services . for performance-based contracts , the company does not recognize revenue subject to refund until data is sufficient to measure performance . such amounts are recorded as unearned revenue . revenues due to the company are recorded as premium and related receivables and recorded net of an allowance for uncol- lectible accounts based on historical trends and management 2019s judgment on the collectibility of these accounts . activity in the allowance for uncollectible accounts for the years ended december 31 is summarized below: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2005</td><td>2004</td><td>2003</td></tr><tr><td>2</td><td>allowances beginning of year</td><td>$ 462</td><td>$ 607</td><td>$ 219</td></tr><tr><td>3</td><td>amounts charged to expense</td><td>80</td><td>407</td><td>472</td></tr><tr><td>4</td><td>write-offs of uncollectible receivables</td><td>-199 ( 199 )</td><td>-552 ( 552 )</td><td>-84 ( 84 )</td></tr><tr><td>5</td><td>allowances end of year</td><td>$ 343</td><td>$ 462</td><td>$ 607</td></tr></table> significant customers centene receives the majority of its revenues under contracts or subcontracts with state medicaid managed care programs . the contracts , which expire on various dates between june 30 , 2006 and august 31 , 2008 , are expected to be renewed . contracts with the states of indiana , kansas , texas and wisconsin each accounted for 18% ( 18 % ) , 12% ( 12 % ) , 22% ( 22 % ) and 23% ( 23 % ) , respectively , of the company 2019s revenues for the year ended december 31 , 2005 . reinsurance centene has purchased reinsurance from third parties to cover eligible healthcare services . the current reinsurance program covers 90% ( 90 % ) of inpatient healthcare expenses in excess of annual deductibles of $ 300 per member , up to a lifetime maximum of $ 2000 . centene 2019s medicaid managed care subsidiaries are respon- sible for inpatient charges in excess of an average daily per diem . reinsurance recoveries were $ 4014 , $ 3730 , and $ 5345 , in 2005 , 2004 , and 2003 , respectively . reinsurance expenses were approximately $ 4105 , $ 6724 , and $ 6185 in 2005 , 2004 , and 2003 , respectively . reinsurance recoveries , net of expenses , are included in medical costs . other income ( expense ) other income ( expense ) consists principally of investment income and interest expense . investment income is derived from the company 2019s cash , cash equivalents , restricted deposits and investments . interest expense relates to borrowings under our credit facility , mortgage interest , interest on capital leases and credit facility fees . income taxes deferred tax assets and liabilities are recorded for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases . deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled . the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date of the tax rate change . valuation allowances are provided when it is considered more likely than not that deferred tax assets will not be realized . in determining if a deductible temporary difference or net operating loss can be realized , the company considers future reversals of .
Question: what was the difference in end of year allowances between 2003 and 2004?
| -145.0 |
CONVFINQA7420 | 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.
goodwill is reviewed annually during the fourth quarter for impairment . in addition , the company performs an impairment analysis of other intangible assets based on the occurrence of other factors . such factors include , but are not limited to , signifi- cant changes in membership , state funding , medical contracts and provider networks and contracts . an impairment loss is rec- ognized if the carrying value of intangible assets exceeds the implied fair value . the company did not recognize any impair- ment losses for the periods presented . medical claims liabilities medical services costs include claims paid , claims reported but not yet paid ( inventory ) , estimates for claims incurred but not yet received ( ibnr ) and estimates for the costs necessary to process unpaid claims . the estimates of medical claims liabilities are developed using standard actuarial methods based upon historical data for payment patterns , cost trends , product mix , seasonality , utiliza- tion of healthcare services and other relevant factors including product changes . these estimates are continually reviewed and adjustments , if necessary , are reflected in the period known . management did not change actuarial methods during the years presented . management believes the amount of medical claims payable is reasonable and adequate to cover the company 2019s liabil- ity for unpaid claims as of december 31 , 2005 ; however , actual claim payments may differ from established estimates . revenue recognition the majority of the company 2019s medicaid managed care premi- um revenue is received monthly based on fixed rates per member as determined by state contracts . some contracts allow for addi- tional premium related to certain supplemental services provided such as maternity deliveries . revenue is recognized as earned over the covered period of services . revenues are recorded based on membership and eligibility data provided by the states , which may be adjusted by the states for updates to this membership and eligibility data . these adjustments are immaterial in relation to total revenue recorded and are reflected in the period known . premiums collected in advance are recorded as unearned revenue . the specialty services segment generates revenue under con- tracts with state and local government entities , our health plans and third-party customers . revenues for services are recognized when the services are provided or as ratably earned over the cov- ered period of services . for performance-based contracts , the company does not recognize revenue subject to refund until data is sufficient to measure performance . such amounts are recorded as unearned revenue . revenues due to the company are recorded as premium and related receivables and recorded net of an allowance for uncol- lectible accounts based on historical trends and management 2019s judgment on the collectibility of these accounts . activity in the allowance for uncollectible accounts for the years ended december 31 is summarized below: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2005</td><td>2004</td><td>2003</td></tr><tr><td>2</td><td>allowances beginning of year</td><td>$ 462</td><td>$ 607</td><td>$ 219</td></tr><tr><td>3</td><td>amounts charged to expense</td><td>80</td><td>407</td><td>472</td></tr><tr><td>4</td><td>write-offs of uncollectible receivables</td><td>-199 ( 199 )</td><td>-552 ( 552 )</td><td>-84 ( 84 )</td></tr><tr><td>5</td><td>allowances end of year</td><td>$ 343</td><td>$ 462</td><td>$ 607</td></tr></table> significant customers centene receives the majority of its revenues under contracts or subcontracts with state medicaid managed care programs . the contracts , which expire on various dates between june 30 , 2006 and august 31 , 2008 , are expected to be renewed . contracts with the states of indiana , kansas , texas and wisconsin each accounted for 18% ( 18 % ) , 12% ( 12 % ) , 22% ( 22 % ) and 23% ( 23 % ) , respectively , of the company 2019s revenues for the year ended december 31 , 2005 . reinsurance centene has purchased reinsurance from third parties to cover eligible healthcare services . the current reinsurance program covers 90% ( 90 % ) of inpatient healthcare expenses in excess of annual deductibles of $ 300 per member , up to a lifetime maximum of $ 2000 . centene 2019s medicaid managed care subsidiaries are respon- sible for inpatient charges in excess of an average daily per diem . reinsurance recoveries were $ 4014 , $ 3730 , and $ 5345 , in 2005 , 2004 , and 2003 , respectively . reinsurance expenses were approximately $ 4105 , $ 6724 , and $ 6185 in 2005 , 2004 , and 2003 , respectively . reinsurance recoveries , net of expenses , are included in medical costs . other income ( expense ) other income ( expense ) consists principally of investment income and interest expense . investment income is derived from the company 2019s cash , cash equivalents , restricted deposits and investments . interest expense relates to borrowings under our credit facility , mortgage interest , interest on capital leases and credit facility fees . income taxes deferred tax assets and liabilities are recorded for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases . deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled . the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date of the tax rate change . valuation allowances are provided when it is considered more likely than not that deferred tax assets will not be realized . in determining if a deductible temporary difference or net operating loss can be realized , the company considers future reversals of .
Question: what was the difference in end of year allowances between 2003 and 2004?
Answer: -145.0
Question: so what was the percentage change during this time?
| -0.23888 |
CONVFINQA7421 | 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.
goodwill is reviewed annually during the fourth quarter for impairment . in addition , the company performs an impairment analysis of other intangible assets based on the occurrence of other factors . such factors include , but are not limited to , signifi- cant changes in membership , state funding , medical contracts and provider networks and contracts . an impairment loss is rec- ognized if the carrying value of intangible assets exceeds the implied fair value . the company did not recognize any impair- ment losses for the periods presented . medical claims liabilities medical services costs include claims paid , claims reported but not yet paid ( inventory ) , estimates for claims incurred but not yet received ( ibnr ) and estimates for the costs necessary to process unpaid claims . the estimates of medical claims liabilities are developed using standard actuarial methods based upon historical data for payment patterns , cost trends , product mix , seasonality , utiliza- tion of healthcare services and other relevant factors including product changes . these estimates are continually reviewed and adjustments , if necessary , are reflected in the period known . management did not change actuarial methods during the years presented . management believes the amount of medical claims payable is reasonable and adequate to cover the company 2019s liabil- ity for unpaid claims as of december 31 , 2005 ; however , actual claim payments may differ from established estimates . revenue recognition the majority of the company 2019s medicaid managed care premi- um revenue is received monthly based on fixed rates per member as determined by state contracts . some contracts allow for addi- tional premium related to certain supplemental services provided such as maternity deliveries . revenue is recognized as earned over the covered period of services . revenues are recorded based on membership and eligibility data provided by the states , which may be adjusted by the states for updates to this membership and eligibility data . these adjustments are immaterial in relation to total revenue recorded and are reflected in the period known . premiums collected in advance are recorded as unearned revenue . the specialty services segment generates revenue under con- tracts with state and local government entities , our health plans and third-party customers . revenues for services are recognized when the services are provided or as ratably earned over the cov- ered period of services . for performance-based contracts , the company does not recognize revenue subject to refund until data is sufficient to measure performance . such amounts are recorded as unearned revenue . revenues due to the company are recorded as premium and related receivables and recorded net of an allowance for uncol- lectible accounts based on historical trends and management 2019s judgment on the collectibility of these accounts . activity in the allowance for uncollectible accounts for the years ended december 31 is summarized below: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2005</td><td>2004</td><td>2003</td></tr><tr><td>2</td><td>allowances beginning of year</td><td>$ 462</td><td>$ 607</td><td>$ 219</td></tr><tr><td>3</td><td>amounts charged to expense</td><td>80</td><td>407</td><td>472</td></tr><tr><td>4</td><td>write-offs of uncollectible receivables</td><td>-199 ( 199 )</td><td>-552 ( 552 )</td><td>-84 ( 84 )</td></tr><tr><td>5</td><td>allowances end of year</td><td>$ 343</td><td>$ 462</td><td>$ 607</td></tr></table> significant customers centene receives the majority of its revenues under contracts or subcontracts with state medicaid managed care programs . the contracts , which expire on various dates between june 30 , 2006 and august 31 , 2008 , are expected to be renewed . contracts with the states of indiana , kansas , texas and wisconsin each accounted for 18% ( 18 % ) , 12% ( 12 % ) , 22% ( 22 % ) and 23% ( 23 % ) , respectively , of the company 2019s revenues for the year ended december 31 , 2005 . reinsurance centene has purchased reinsurance from third parties to cover eligible healthcare services . the current reinsurance program covers 90% ( 90 % ) of inpatient healthcare expenses in excess of annual deductibles of $ 300 per member , up to a lifetime maximum of $ 2000 . centene 2019s medicaid managed care subsidiaries are respon- sible for inpatient charges in excess of an average daily per diem . reinsurance recoveries were $ 4014 , $ 3730 , and $ 5345 , in 2005 , 2004 , and 2003 , respectively . reinsurance expenses were approximately $ 4105 , $ 6724 , and $ 6185 in 2005 , 2004 , and 2003 , respectively . reinsurance recoveries , net of expenses , are included in medical costs . other income ( expense ) other income ( expense ) consists principally of investment income and interest expense . investment income is derived from the company 2019s cash , cash equivalents , restricted deposits and investments . interest expense relates to borrowings under our credit facility , mortgage interest , interest on capital leases and credit facility fees . income taxes deferred tax assets and liabilities are recorded for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases . deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled . the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date of the tax rate change . valuation allowances are provided when it is considered more likely than not that deferred tax assets will not be realized . in determining if a deductible temporary difference or net operating loss can be realized , the company considers future reversals of .
Question: what was the difference in end of year allowances between 2003 and 2004?
Answer: -145.0
Question: so what was the percentage change during this time?
Answer: -0.23888
Question: what was the change in the balance of the allowance for uncollectible accounts between the beginning and end of 2005?
| -119.0 |
CONVFINQA7422 | 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.
goodwill is reviewed annually during the fourth quarter for impairment . in addition , the company performs an impairment analysis of other intangible assets based on the occurrence of other factors . such factors include , but are not limited to , signifi- cant changes in membership , state funding , medical contracts and provider networks and contracts . an impairment loss is rec- ognized if the carrying value of intangible assets exceeds the implied fair value . the company did not recognize any impair- ment losses for the periods presented . medical claims liabilities medical services costs include claims paid , claims reported but not yet paid ( inventory ) , estimates for claims incurred but not yet received ( ibnr ) and estimates for the costs necessary to process unpaid claims . the estimates of medical claims liabilities are developed using standard actuarial methods based upon historical data for payment patterns , cost trends , product mix , seasonality , utiliza- tion of healthcare services and other relevant factors including product changes . these estimates are continually reviewed and adjustments , if necessary , are reflected in the period known . management did not change actuarial methods during the years presented . management believes the amount of medical claims payable is reasonable and adequate to cover the company 2019s liabil- ity for unpaid claims as of december 31 , 2005 ; however , actual claim payments may differ from established estimates . revenue recognition the majority of the company 2019s medicaid managed care premi- um revenue is received monthly based on fixed rates per member as determined by state contracts . some contracts allow for addi- tional premium related to certain supplemental services provided such as maternity deliveries . revenue is recognized as earned over the covered period of services . revenues are recorded based on membership and eligibility data provided by the states , which may be adjusted by the states for updates to this membership and eligibility data . these adjustments are immaterial in relation to total revenue recorded and are reflected in the period known . premiums collected in advance are recorded as unearned revenue . the specialty services segment generates revenue under con- tracts with state and local government entities , our health plans and third-party customers . revenues for services are recognized when the services are provided or as ratably earned over the cov- ered period of services . for performance-based contracts , the company does not recognize revenue subject to refund until data is sufficient to measure performance . such amounts are recorded as unearned revenue . revenues due to the company are recorded as premium and related receivables and recorded net of an allowance for uncol- lectible accounts based on historical trends and management 2019s judgment on the collectibility of these accounts . activity in the allowance for uncollectible accounts for the years ended december 31 is summarized below: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2005</td><td>2004</td><td>2003</td></tr><tr><td>2</td><td>allowances beginning of year</td><td>$ 462</td><td>$ 607</td><td>$ 219</td></tr><tr><td>3</td><td>amounts charged to expense</td><td>80</td><td>407</td><td>472</td></tr><tr><td>4</td><td>write-offs of uncollectible receivables</td><td>-199 ( 199 )</td><td>-552 ( 552 )</td><td>-84 ( 84 )</td></tr><tr><td>5</td><td>allowances end of year</td><td>$ 343</td><td>$ 462</td><td>$ 607</td></tr></table> significant customers centene receives the majority of its revenues under contracts or subcontracts with state medicaid managed care programs . the contracts , which expire on various dates between june 30 , 2006 and august 31 , 2008 , are expected to be renewed . contracts with the states of indiana , kansas , texas and wisconsin each accounted for 18% ( 18 % ) , 12% ( 12 % ) , 22% ( 22 % ) and 23% ( 23 % ) , respectively , of the company 2019s revenues for the year ended december 31 , 2005 . reinsurance centene has purchased reinsurance from third parties to cover eligible healthcare services . the current reinsurance program covers 90% ( 90 % ) of inpatient healthcare expenses in excess of annual deductibles of $ 300 per member , up to a lifetime maximum of $ 2000 . centene 2019s medicaid managed care subsidiaries are respon- sible for inpatient charges in excess of an average daily per diem . reinsurance recoveries were $ 4014 , $ 3730 , and $ 5345 , in 2005 , 2004 , and 2003 , respectively . reinsurance expenses were approximately $ 4105 , $ 6724 , and $ 6185 in 2005 , 2004 , and 2003 , respectively . reinsurance recoveries , net of expenses , are included in medical costs . other income ( expense ) other income ( expense ) consists principally of investment income and interest expense . investment income is derived from the company 2019s cash , cash equivalents , restricted deposits and investments . interest expense relates to borrowings under our credit facility , mortgage interest , interest on capital leases and credit facility fees . income taxes deferred tax assets and liabilities are recorded for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases . deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled . the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date of the tax rate change . valuation allowances are provided when it is considered more likely than not that deferred tax assets will not be realized . in determining if a deductible temporary difference or net operating loss can be realized , the company considers future reversals of .
Question: what was the difference in end of year allowances between 2003 and 2004?
Answer: -145.0
Question: so what was the percentage change during this time?
Answer: -0.23888
Question: what was the change in the balance of the allowance for uncollectible accounts between the beginning and end of 2005?
Answer: -119.0
Question: and the percentage change of this value?
| -0.25758 |
CONVFINQA7423 | 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.
capitalized software : internally developed computer software costs and costs of product enhancements are capitalized subsequent to the determination of technological feasibility ; such capitalization continues until the product becomes available for commercial release . judgment is required in determining when technological feasibility of a product is established . the company has determined that technological feasibility is reached after all high-risk development issues have been resolved through coding and testing . generally , the time between the establishment of technological feasibility and commercial release of software is minimal , resulting in insignificant or no capitalization of internally developed software costs . amortization of capitalized software costs , both for internally developed as well as for purchased software products , is computed on a product-by-product basis over the estimated economic life of the product , which is generally three years . amortization is the greater of the amount computed using : ( i ) the ratio of the current year 2019s gross revenue to the total current and anticipated future gross revenue for that product or ( ii ) the straight-line method over the estimated life of the product . amortization expense related to capitalized and acquired software costs , including the related trademarks , was $ 40.9 million , $ 33.7 million and $ 32.8 million for the years ended december 31 , 2012 , 2011 and 2010 , respectively . the company periodically reviews the carrying value of capitalized software . impairments are recognized in the results of operations when the expected future undiscounted operating cash flow derived from the capitalized costs of internally developed software is less than the carrying value . no impairment charges have been required to date . goodwill and other intangible assets : goodwill represents the excess of the consideration transferred over the fair value of net identifiable assets acquired . intangible assets consist of trademarks , customer lists , contract backlog , and acquired software and technology . the company tests goodwill for impairment at least annually by performing a qualitative assessment of whether there is sufficient evidence that it is more likely than not that the fair value of each reporting unit exceeds its carrying amount . the application of a qualitative assessment requires the company to assess and make judgments regarding a variety of factors which potentially impact the fair value of a reporting unit , including general economic conditions , industry and market-specific conditions , customer behavior , cost factors , the company 2019s financial performance and trends , the company 2019s strategies and business plans , capital requirements , management and personnel issues , and the company 2019s stock price , among others . the company then considers the totality of these and other factors , placing more weight on the events and circumstances that are judged to most affect a reporting unit 2019s fair value or the carrying amount of its net assets , to reach a qualitative conclusion regarding whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount . if it is determined that it is more likely than not that the fair value of a reporting unit exceeds its carrying value , no further analysis is necessary . if it is determined that it is more likely than not the reporting unit's carrying value exceeds its fair value , a quantitative two-step analysis is performed where the fair value of the reporting unit is estimated and the impairment loss , if any , is recorded . the company tests indefinite-lived intangible assets for impairment at least annually by comparing the carrying value of the asset to its estimated fair value . the company performs its annual goodwill and indefinite-lived intangible assets impairment test on january 1 of each year unless there is an indicator that would require a test during the year . the company periodically reviews the carrying value of other intangible assets and will recognize impairments when events or circumstances indicate that such assets may be impaired . no impairment charges have been required to date for the company's goodwill and other intangible assets . concentrations of credit risk : the company has a concentration of credit risk with respect to revenue and trade receivables due to the use of certain significant channel partners to market and sell the company 2019s products . the company performs periodic credit evaluations of its customers 2019 financial condition and generally does not require collateral . the following table outlines concentrations of risk with respect to the company 2019s revenue: . <table class='wikitable'><tr><td>1</td><td>( as a % ( % ) of revenue except customer data )</td><td>year ended december 31 , 2012</td><td>year ended december 31 , 2011</td><td>year ended december 31 , 2010</td></tr><tr><td>2</td><td>revenue from channel partners</td><td>26% ( 26 % )</td><td>26% ( 26 % )</td><td>27% ( 27 % )</td></tr><tr><td>3</td><td>largest channel partner</td><td>6% ( 6 % )</td><td>4% ( 4 % )</td><td>4% ( 4 % )</td></tr><tr><td>4</td><td>2ndlargest channel partner</td><td>3% ( 3 % )</td><td>3% ( 3 % )</td><td>3% ( 3 % )</td></tr><tr><td>5</td><td>direct sale customers exceeding 5% ( 5 % ) of revenue</td><td>2014</td><td>2014</td><td>2014</td></tr></table> table of contents .
Question: what was amortization expense related to capitalized and acquired software costs, including the related trademarks in 2012?
| 40.9 |
CONVFINQA7424 | 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.
capitalized software : internally developed computer software costs and costs of product enhancements are capitalized subsequent to the determination of technological feasibility ; such capitalization continues until the product becomes available for commercial release . judgment is required in determining when technological feasibility of a product is established . the company has determined that technological feasibility is reached after all high-risk development issues have been resolved through coding and testing . generally , the time between the establishment of technological feasibility and commercial release of software is minimal , resulting in insignificant or no capitalization of internally developed software costs . amortization of capitalized software costs , both for internally developed as well as for purchased software products , is computed on a product-by-product basis over the estimated economic life of the product , which is generally three years . amortization is the greater of the amount computed using : ( i ) the ratio of the current year 2019s gross revenue to the total current and anticipated future gross revenue for that product or ( ii ) the straight-line method over the estimated life of the product . amortization expense related to capitalized and acquired software costs , including the related trademarks , was $ 40.9 million , $ 33.7 million and $ 32.8 million for the years ended december 31 , 2012 , 2011 and 2010 , respectively . the company periodically reviews the carrying value of capitalized software . impairments are recognized in the results of operations when the expected future undiscounted operating cash flow derived from the capitalized costs of internally developed software is less than the carrying value . no impairment charges have been required to date . goodwill and other intangible assets : goodwill represents the excess of the consideration transferred over the fair value of net identifiable assets acquired . intangible assets consist of trademarks , customer lists , contract backlog , and acquired software and technology . the company tests goodwill for impairment at least annually by performing a qualitative assessment of whether there is sufficient evidence that it is more likely than not that the fair value of each reporting unit exceeds its carrying amount . the application of a qualitative assessment requires the company to assess and make judgments regarding a variety of factors which potentially impact the fair value of a reporting unit , including general economic conditions , industry and market-specific conditions , customer behavior , cost factors , the company 2019s financial performance and trends , the company 2019s strategies and business plans , capital requirements , management and personnel issues , and the company 2019s stock price , among others . the company then considers the totality of these and other factors , placing more weight on the events and circumstances that are judged to most affect a reporting unit 2019s fair value or the carrying amount of its net assets , to reach a qualitative conclusion regarding whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount . if it is determined that it is more likely than not that the fair value of a reporting unit exceeds its carrying value , no further analysis is necessary . if it is determined that it is more likely than not the reporting unit's carrying value exceeds its fair value , a quantitative two-step analysis is performed where the fair value of the reporting unit is estimated and the impairment loss , if any , is recorded . the company tests indefinite-lived intangible assets for impairment at least annually by comparing the carrying value of the asset to its estimated fair value . the company performs its annual goodwill and indefinite-lived intangible assets impairment test on january 1 of each year unless there is an indicator that would require a test during the year . the company periodically reviews the carrying value of other intangible assets and will recognize impairments when events or circumstances indicate that such assets may be impaired . no impairment charges have been required to date for the company's goodwill and other intangible assets . concentrations of credit risk : the company has a concentration of credit risk with respect to revenue and trade receivables due to the use of certain significant channel partners to market and sell the company 2019s products . the company performs periodic credit evaluations of its customers 2019 financial condition and generally does not require collateral . the following table outlines concentrations of risk with respect to the company 2019s revenue: . <table class='wikitable'><tr><td>1</td><td>( as a % ( % ) of revenue except customer data )</td><td>year ended december 31 , 2012</td><td>year ended december 31 , 2011</td><td>year ended december 31 , 2010</td></tr><tr><td>2</td><td>revenue from channel partners</td><td>26% ( 26 % )</td><td>26% ( 26 % )</td><td>27% ( 27 % )</td></tr><tr><td>3</td><td>largest channel partner</td><td>6% ( 6 % )</td><td>4% ( 4 % )</td><td>4% ( 4 % )</td></tr><tr><td>4</td><td>2ndlargest channel partner</td><td>3% ( 3 % )</td><td>3% ( 3 % )</td><td>3% ( 3 % )</td></tr><tr><td>5</td><td>direct sale customers exceeding 5% ( 5 % ) of revenue</td><td>2014</td><td>2014</td><td>2014</td></tr></table> table of contents .
Question: what was amortization expense related to capitalized and acquired software costs, including the related trademarks in 2012?
Answer: 40.9
Question: what was the cost in 2011?
| 33.7 |
CONVFINQA7425 | 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.
capitalized software : internally developed computer software costs and costs of product enhancements are capitalized subsequent to the determination of technological feasibility ; such capitalization continues until the product becomes available for commercial release . judgment is required in determining when technological feasibility of a product is established . the company has determined that technological feasibility is reached after all high-risk development issues have been resolved through coding and testing . generally , the time between the establishment of technological feasibility and commercial release of software is minimal , resulting in insignificant or no capitalization of internally developed software costs . amortization of capitalized software costs , both for internally developed as well as for purchased software products , is computed on a product-by-product basis over the estimated economic life of the product , which is generally three years . amortization is the greater of the amount computed using : ( i ) the ratio of the current year 2019s gross revenue to the total current and anticipated future gross revenue for that product or ( ii ) the straight-line method over the estimated life of the product . amortization expense related to capitalized and acquired software costs , including the related trademarks , was $ 40.9 million , $ 33.7 million and $ 32.8 million for the years ended december 31 , 2012 , 2011 and 2010 , respectively . the company periodically reviews the carrying value of capitalized software . impairments are recognized in the results of operations when the expected future undiscounted operating cash flow derived from the capitalized costs of internally developed software is less than the carrying value . no impairment charges have been required to date . goodwill and other intangible assets : goodwill represents the excess of the consideration transferred over the fair value of net identifiable assets acquired . intangible assets consist of trademarks , customer lists , contract backlog , and acquired software and technology . the company tests goodwill for impairment at least annually by performing a qualitative assessment of whether there is sufficient evidence that it is more likely than not that the fair value of each reporting unit exceeds its carrying amount . the application of a qualitative assessment requires the company to assess and make judgments regarding a variety of factors which potentially impact the fair value of a reporting unit , including general economic conditions , industry and market-specific conditions , customer behavior , cost factors , the company 2019s financial performance and trends , the company 2019s strategies and business plans , capital requirements , management and personnel issues , and the company 2019s stock price , among others . the company then considers the totality of these and other factors , placing more weight on the events and circumstances that are judged to most affect a reporting unit 2019s fair value or the carrying amount of its net assets , to reach a qualitative conclusion regarding whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount . if it is determined that it is more likely than not that the fair value of a reporting unit exceeds its carrying value , no further analysis is necessary . if it is determined that it is more likely than not the reporting unit's carrying value exceeds its fair value , a quantitative two-step analysis is performed where the fair value of the reporting unit is estimated and the impairment loss , if any , is recorded . the company tests indefinite-lived intangible assets for impairment at least annually by comparing the carrying value of the asset to its estimated fair value . the company performs its annual goodwill and indefinite-lived intangible assets impairment test on january 1 of each year unless there is an indicator that would require a test during the year . the company periodically reviews the carrying value of other intangible assets and will recognize impairments when events or circumstances indicate that such assets may be impaired . no impairment charges have been required to date for the company's goodwill and other intangible assets . concentrations of credit risk : the company has a concentration of credit risk with respect to revenue and trade receivables due to the use of certain significant channel partners to market and sell the company 2019s products . the company performs periodic credit evaluations of its customers 2019 financial condition and generally does not require collateral . the following table outlines concentrations of risk with respect to the company 2019s revenue: . <table class='wikitable'><tr><td>1</td><td>( as a % ( % ) of revenue except customer data )</td><td>year ended december 31 , 2012</td><td>year ended december 31 , 2011</td><td>year ended december 31 , 2010</td></tr><tr><td>2</td><td>revenue from channel partners</td><td>26% ( 26 % )</td><td>26% ( 26 % )</td><td>27% ( 27 % )</td></tr><tr><td>3</td><td>largest channel partner</td><td>6% ( 6 % )</td><td>4% ( 4 % )</td><td>4% ( 4 % )</td></tr><tr><td>4</td><td>2ndlargest channel partner</td><td>3% ( 3 % )</td><td>3% ( 3 % )</td><td>3% ( 3 % )</td></tr><tr><td>5</td><td>direct sale customers exceeding 5% ( 5 % ) of revenue</td><td>2014</td><td>2014</td><td>2014</td></tr></table> table of contents .
Question: what was amortization expense related to capitalized and acquired software costs, including the related trademarks in 2012?
Answer: 40.9
Question: what was the cost in 2011?
Answer: 33.7
Question: what is the sum?
| 74.6 |
CONVFINQA7426 | 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.
capitalized software : internally developed computer software costs and costs of product enhancements are capitalized subsequent to the determination of technological feasibility ; such capitalization continues until the product becomes available for commercial release . judgment is required in determining when technological feasibility of a product is established . the company has determined that technological feasibility is reached after all high-risk development issues have been resolved through coding and testing . generally , the time between the establishment of technological feasibility and commercial release of software is minimal , resulting in insignificant or no capitalization of internally developed software costs . amortization of capitalized software costs , both for internally developed as well as for purchased software products , is computed on a product-by-product basis over the estimated economic life of the product , which is generally three years . amortization is the greater of the amount computed using : ( i ) the ratio of the current year 2019s gross revenue to the total current and anticipated future gross revenue for that product or ( ii ) the straight-line method over the estimated life of the product . amortization expense related to capitalized and acquired software costs , including the related trademarks , was $ 40.9 million , $ 33.7 million and $ 32.8 million for the years ended december 31 , 2012 , 2011 and 2010 , respectively . the company periodically reviews the carrying value of capitalized software . impairments are recognized in the results of operations when the expected future undiscounted operating cash flow derived from the capitalized costs of internally developed software is less than the carrying value . no impairment charges have been required to date . goodwill and other intangible assets : goodwill represents the excess of the consideration transferred over the fair value of net identifiable assets acquired . intangible assets consist of trademarks , customer lists , contract backlog , and acquired software and technology . the company tests goodwill for impairment at least annually by performing a qualitative assessment of whether there is sufficient evidence that it is more likely than not that the fair value of each reporting unit exceeds its carrying amount . the application of a qualitative assessment requires the company to assess and make judgments regarding a variety of factors which potentially impact the fair value of a reporting unit , including general economic conditions , industry and market-specific conditions , customer behavior , cost factors , the company 2019s financial performance and trends , the company 2019s strategies and business plans , capital requirements , management and personnel issues , and the company 2019s stock price , among others . the company then considers the totality of these and other factors , placing more weight on the events and circumstances that are judged to most affect a reporting unit 2019s fair value or the carrying amount of its net assets , to reach a qualitative conclusion regarding whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount . if it is determined that it is more likely than not that the fair value of a reporting unit exceeds its carrying value , no further analysis is necessary . if it is determined that it is more likely than not the reporting unit's carrying value exceeds its fair value , a quantitative two-step analysis is performed where the fair value of the reporting unit is estimated and the impairment loss , if any , is recorded . the company tests indefinite-lived intangible assets for impairment at least annually by comparing the carrying value of the asset to its estimated fair value . the company performs its annual goodwill and indefinite-lived intangible assets impairment test on january 1 of each year unless there is an indicator that would require a test during the year . the company periodically reviews the carrying value of other intangible assets and will recognize impairments when events or circumstances indicate that such assets may be impaired . no impairment charges have been required to date for the company's goodwill and other intangible assets . concentrations of credit risk : the company has a concentration of credit risk with respect to revenue and trade receivables due to the use of certain significant channel partners to market and sell the company 2019s products . the company performs periodic credit evaluations of its customers 2019 financial condition and generally does not require collateral . the following table outlines concentrations of risk with respect to the company 2019s revenue: . <table class='wikitable'><tr><td>1</td><td>( as a % ( % ) of revenue except customer data )</td><td>year ended december 31 , 2012</td><td>year ended december 31 , 2011</td><td>year ended december 31 , 2010</td></tr><tr><td>2</td><td>revenue from channel partners</td><td>26% ( 26 % )</td><td>26% ( 26 % )</td><td>27% ( 27 % )</td></tr><tr><td>3</td><td>largest channel partner</td><td>6% ( 6 % )</td><td>4% ( 4 % )</td><td>4% ( 4 % )</td></tr><tr><td>4</td><td>2ndlargest channel partner</td><td>3% ( 3 % )</td><td>3% ( 3 % )</td><td>3% ( 3 % )</td></tr><tr><td>5</td><td>direct sale customers exceeding 5% ( 5 % ) of revenue</td><td>2014</td><td>2014</td><td>2014</td></tr></table> table of contents .
Question: what was amortization expense related to capitalized and acquired software costs, including the related trademarks in 2012?
Answer: 40.9
Question: what was the cost in 2011?
Answer: 33.7
Question: what is the sum?
Answer: 74.6
Question: what is the sum including the costs from 2010?
| 107.4 |
CONVFINQA7427 | 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.
capitalized software : internally developed computer software costs and costs of product enhancements are capitalized subsequent to the determination of technological feasibility ; such capitalization continues until the product becomes available for commercial release . judgment is required in determining when technological feasibility of a product is established . the company has determined that technological feasibility is reached after all high-risk development issues have been resolved through coding and testing . generally , the time between the establishment of technological feasibility and commercial release of software is minimal , resulting in insignificant or no capitalization of internally developed software costs . amortization of capitalized software costs , both for internally developed as well as for purchased software products , is computed on a product-by-product basis over the estimated economic life of the product , which is generally three years . amortization is the greater of the amount computed using : ( i ) the ratio of the current year 2019s gross revenue to the total current and anticipated future gross revenue for that product or ( ii ) the straight-line method over the estimated life of the product . amortization expense related to capitalized and acquired software costs , including the related trademarks , was $ 40.9 million , $ 33.7 million and $ 32.8 million for the years ended december 31 , 2012 , 2011 and 2010 , respectively . the company periodically reviews the carrying value of capitalized software . impairments are recognized in the results of operations when the expected future undiscounted operating cash flow derived from the capitalized costs of internally developed software is less than the carrying value . no impairment charges have been required to date . goodwill and other intangible assets : goodwill represents the excess of the consideration transferred over the fair value of net identifiable assets acquired . intangible assets consist of trademarks , customer lists , contract backlog , and acquired software and technology . the company tests goodwill for impairment at least annually by performing a qualitative assessment of whether there is sufficient evidence that it is more likely than not that the fair value of each reporting unit exceeds its carrying amount . the application of a qualitative assessment requires the company to assess and make judgments regarding a variety of factors which potentially impact the fair value of a reporting unit , including general economic conditions , industry and market-specific conditions , customer behavior , cost factors , the company 2019s financial performance and trends , the company 2019s strategies and business plans , capital requirements , management and personnel issues , and the company 2019s stock price , among others . the company then considers the totality of these and other factors , placing more weight on the events and circumstances that are judged to most affect a reporting unit 2019s fair value or the carrying amount of its net assets , to reach a qualitative conclusion regarding whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount . if it is determined that it is more likely than not that the fair value of a reporting unit exceeds its carrying value , no further analysis is necessary . if it is determined that it is more likely than not the reporting unit's carrying value exceeds its fair value , a quantitative two-step analysis is performed where the fair value of the reporting unit is estimated and the impairment loss , if any , is recorded . the company tests indefinite-lived intangible assets for impairment at least annually by comparing the carrying value of the asset to its estimated fair value . the company performs its annual goodwill and indefinite-lived intangible assets impairment test on january 1 of each year unless there is an indicator that would require a test during the year . the company periodically reviews the carrying value of other intangible assets and will recognize impairments when events or circumstances indicate that such assets may be impaired . no impairment charges have been required to date for the company's goodwill and other intangible assets . concentrations of credit risk : the company has a concentration of credit risk with respect to revenue and trade receivables due to the use of certain significant channel partners to market and sell the company 2019s products . the company performs periodic credit evaluations of its customers 2019 financial condition and generally does not require collateral . the following table outlines concentrations of risk with respect to the company 2019s revenue: . <table class='wikitable'><tr><td>1</td><td>( as a % ( % ) of revenue except customer data )</td><td>year ended december 31 , 2012</td><td>year ended december 31 , 2011</td><td>year ended december 31 , 2010</td></tr><tr><td>2</td><td>revenue from channel partners</td><td>26% ( 26 % )</td><td>26% ( 26 % )</td><td>27% ( 27 % )</td></tr><tr><td>3</td><td>largest channel partner</td><td>6% ( 6 % )</td><td>4% ( 4 % )</td><td>4% ( 4 % )</td></tr><tr><td>4</td><td>2ndlargest channel partner</td><td>3% ( 3 % )</td><td>3% ( 3 % )</td><td>3% ( 3 % )</td></tr><tr><td>5</td><td>direct sale customers exceeding 5% ( 5 % ) of revenue</td><td>2014</td><td>2014</td><td>2014</td></tr></table> table of contents .
Question: what was amortization expense related to capitalized and acquired software costs, including the related trademarks in 2012?
Answer: 40.9
Question: what was the cost in 2011?
Answer: 33.7
Question: what is the sum?
Answer: 74.6
Question: what is the sum including the costs from 2010?
Answer: 107.4
Question: what is the average per year?
| 35.8 |
CONVFINQA7428 | 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.
united parcel service , inc . and subsidiaries management's discussion and analysis of financial condition and results of operations liquidity and capital resources operating activities the following is a summary of the significant sources ( uses ) of cash from operating activities ( amounts in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>net income</td><td>$ 4372</td><td>$ 807</td><td>$ 3804</td></tr><tr><td>3</td><td>non-cash operating activities ( a )</td><td>3318</td><td>7313</td><td>4578</td></tr><tr><td>4</td><td>pension and postretirement plan contributions ( ups-sponsored plans )</td><td>-212 ( 212 )</td><td>-917 ( 917 )</td><td>-1436 ( 1436 )</td></tr><tr><td>5</td><td>income tax receivables and payables</td><td>-155 ( 155 )</td><td>280</td><td>236</td></tr><tr><td>6</td><td>changes in working capital and other noncurrent assets and liabilities</td><td>121</td><td>-148 ( 148 )</td><td>-12 ( 12 )</td></tr><tr><td>7</td><td>other operating activities</td><td>-140 ( 140 )</td><td>-119 ( 119 )</td><td>-97 ( 97 )</td></tr><tr><td>8</td><td>net cash from operating activities</td><td>$ 7304</td><td>$ 7216</td><td>$ 7073</td></tr></table> ( a ) represents depreciation and amortization , gains and losses on derivative and foreign exchange transactions , deferred income taxes , provisions for uncollectible accounts , pension and postretirement benefit expense , stock compensation expense , impairment charges and other non-cash items . cash from operating activities remained strong throughout the 2011 to 2013 time period . operating cash flow was favorably impacted in 2013 , compared with 2012 , by lower contributions into our defined benefit pension and postretirement benefit plans ; however , this was partially offset by certain tnt express transaction-related charges , as well as changes in income tax receivables and payables . we paid a termination fee to tnt express of 20ac200 million ( $ 268 million ) under the agreement to terminate the merger protocol in the first quarter of 2013 . additionally , the cash payments for income taxes increased in 2013 compared with 2012 , and were impacted by the timing of current tax deductions . except for discretionary or accelerated fundings of our plans , contributions to our company-sponsored pension plans have largely varied based on whether any minimum funding requirements are present for individual pension plans . 2022 in 2013 , we did not have any required , nor make any discretionary , contributions to our primary company-sponsored pension plans in the u.s . 2022 in 2012 , we made a $ 355 million required contribution to the ups ibt pension plan . 2022 in 2011 , we made a $ 1.2 billion contribution to the ups ibt pension plan , which satisfied our 2011 contribution requirements and also approximately $ 440 million in contributions that would not have been required until after 2011 . 2022 the remaining contributions in the 2011 through 2013 period were largely due to contributions to our international pension plans and u.s . postretirement medical benefit plans . as discussed further in the 201ccontractual commitments 201d section , we have minimum funding requirements in the next several years , primarily related to the ups ibt pension , ups retirement and ups pension plans . as of december 31 , 2013 , the total of our worldwide holdings of cash and cash equivalents was $ 4.665 billion . approximately 45%-55% ( 45%-55 % ) of cash and cash equivalents was held by foreign subsidiaries throughout the year . the amount of cash held by our u.s . and foreign subsidiaries fluctuates throughout the year due to a variety of factors , including the timing of cash receipts and disbursements in the normal course of business . cash provided by operating activities in the united states continues to be our primary source of funds to finance domestic operating needs , capital expenditures , share repurchases and dividend payments to shareowners . to the extent that such amounts represent previously untaxed earnings , the cash held by foreign subsidiaries would be subject to tax if such amounts were repatriated in the form of dividends ; however , not all international cash balances would have to be repatriated in the form of a dividend if returned to the u.s . when amounts earned by foreign subsidiaries are expected to be indefinitely reinvested , no accrual for taxes is provided. .
Question: what was the change in net cash from operating activities between 2011 and 2012?
| 143.0 |
CONVFINQA7429 | 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.
united parcel service , inc . and subsidiaries management's discussion and analysis of financial condition and results of operations liquidity and capital resources operating activities the following is a summary of the significant sources ( uses ) of cash from operating activities ( amounts in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>net income</td><td>$ 4372</td><td>$ 807</td><td>$ 3804</td></tr><tr><td>3</td><td>non-cash operating activities ( a )</td><td>3318</td><td>7313</td><td>4578</td></tr><tr><td>4</td><td>pension and postretirement plan contributions ( ups-sponsored plans )</td><td>-212 ( 212 )</td><td>-917 ( 917 )</td><td>-1436 ( 1436 )</td></tr><tr><td>5</td><td>income tax receivables and payables</td><td>-155 ( 155 )</td><td>280</td><td>236</td></tr><tr><td>6</td><td>changes in working capital and other noncurrent assets and liabilities</td><td>121</td><td>-148 ( 148 )</td><td>-12 ( 12 )</td></tr><tr><td>7</td><td>other operating activities</td><td>-140 ( 140 )</td><td>-119 ( 119 )</td><td>-97 ( 97 )</td></tr><tr><td>8</td><td>net cash from operating activities</td><td>$ 7304</td><td>$ 7216</td><td>$ 7073</td></tr></table> ( a ) represents depreciation and amortization , gains and losses on derivative and foreign exchange transactions , deferred income taxes , provisions for uncollectible accounts , pension and postretirement benefit expense , stock compensation expense , impairment charges and other non-cash items . cash from operating activities remained strong throughout the 2011 to 2013 time period . operating cash flow was favorably impacted in 2013 , compared with 2012 , by lower contributions into our defined benefit pension and postretirement benefit plans ; however , this was partially offset by certain tnt express transaction-related charges , as well as changes in income tax receivables and payables . we paid a termination fee to tnt express of 20ac200 million ( $ 268 million ) under the agreement to terminate the merger protocol in the first quarter of 2013 . additionally , the cash payments for income taxes increased in 2013 compared with 2012 , and were impacted by the timing of current tax deductions . except for discretionary or accelerated fundings of our plans , contributions to our company-sponsored pension plans have largely varied based on whether any minimum funding requirements are present for individual pension plans . 2022 in 2013 , we did not have any required , nor make any discretionary , contributions to our primary company-sponsored pension plans in the u.s . 2022 in 2012 , we made a $ 355 million required contribution to the ups ibt pension plan . 2022 in 2011 , we made a $ 1.2 billion contribution to the ups ibt pension plan , which satisfied our 2011 contribution requirements and also approximately $ 440 million in contributions that would not have been required until after 2011 . 2022 the remaining contributions in the 2011 through 2013 period were largely due to contributions to our international pension plans and u.s . postretirement medical benefit plans . as discussed further in the 201ccontractual commitments 201d section , we have minimum funding requirements in the next several years , primarily related to the ups ibt pension , ups retirement and ups pension plans . as of december 31 , 2013 , the total of our worldwide holdings of cash and cash equivalents was $ 4.665 billion . approximately 45%-55% ( 45%-55 % ) of cash and cash equivalents was held by foreign subsidiaries throughout the year . the amount of cash held by our u.s . and foreign subsidiaries fluctuates throughout the year due to a variety of factors , including the timing of cash receipts and disbursements in the normal course of business . cash provided by operating activities in the united states continues to be our primary source of funds to finance domestic operating needs , capital expenditures , share repurchases and dividend payments to shareowners . to the extent that such amounts represent previously untaxed earnings , the cash held by foreign subsidiaries would be subject to tax if such amounts were repatriated in the form of dividends ; however , not all international cash balances would have to be repatriated in the form of a dividend if returned to the u.s . when amounts earned by foreign subsidiaries are expected to be indefinitely reinvested , no accrual for taxes is provided. .
Question: what was the change in net cash from operating activities between 2011 and 2012?
Answer: 143.0
Question: so what was the percentage change?
| 0.02022 |
CONVFINQA7430 | 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.
united parcel service , inc . and subsidiaries management's discussion and analysis of financial condition and results of operations liquidity and capital resources operating activities the following is a summary of the significant sources ( uses ) of cash from operating activities ( amounts in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>net income</td><td>$ 4372</td><td>$ 807</td><td>$ 3804</td></tr><tr><td>3</td><td>non-cash operating activities ( a )</td><td>3318</td><td>7313</td><td>4578</td></tr><tr><td>4</td><td>pension and postretirement plan contributions ( ups-sponsored plans )</td><td>-212 ( 212 )</td><td>-917 ( 917 )</td><td>-1436 ( 1436 )</td></tr><tr><td>5</td><td>income tax receivables and payables</td><td>-155 ( 155 )</td><td>280</td><td>236</td></tr><tr><td>6</td><td>changes in working capital and other noncurrent assets and liabilities</td><td>121</td><td>-148 ( 148 )</td><td>-12 ( 12 )</td></tr><tr><td>7</td><td>other operating activities</td><td>-140 ( 140 )</td><td>-119 ( 119 )</td><td>-97 ( 97 )</td></tr><tr><td>8</td><td>net cash from operating activities</td><td>$ 7304</td><td>$ 7216</td><td>$ 7073</td></tr></table> ( a ) represents depreciation and amortization , gains and losses on derivative and foreign exchange transactions , deferred income taxes , provisions for uncollectible accounts , pension and postretirement benefit expense , stock compensation expense , impairment charges and other non-cash items . cash from operating activities remained strong throughout the 2011 to 2013 time period . operating cash flow was favorably impacted in 2013 , compared with 2012 , by lower contributions into our defined benefit pension and postretirement benefit plans ; however , this was partially offset by certain tnt express transaction-related charges , as well as changes in income tax receivables and payables . we paid a termination fee to tnt express of 20ac200 million ( $ 268 million ) under the agreement to terminate the merger protocol in the first quarter of 2013 . additionally , the cash payments for income taxes increased in 2013 compared with 2012 , and were impacted by the timing of current tax deductions . except for discretionary or accelerated fundings of our plans , contributions to our company-sponsored pension plans have largely varied based on whether any minimum funding requirements are present for individual pension plans . 2022 in 2013 , we did not have any required , nor make any discretionary , contributions to our primary company-sponsored pension plans in the u.s . 2022 in 2012 , we made a $ 355 million required contribution to the ups ibt pension plan . 2022 in 2011 , we made a $ 1.2 billion contribution to the ups ibt pension plan , which satisfied our 2011 contribution requirements and also approximately $ 440 million in contributions that would not have been required until after 2011 . 2022 the remaining contributions in the 2011 through 2013 period were largely due to contributions to our international pension plans and u.s . postretirement medical benefit plans . as discussed further in the 201ccontractual commitments 201d section , we have minimum funding requirements in the next several years , primarily related to the ups ibt pension , ups retirement and ups pension plans . as of december 31 , 2013 , the total of our worldwide holdings of cash and cash equivalents was $ 4.665 billion . approximately 45%-55% ( 45%-55 % ) of cash and cash equivalents was held by foreign subsidiaries throughout the year . the amount of cash held by our u.s . and foreign subsidiaries fluctuates throughout the year due to a variety of factors , including the timing of cash receipts and disbursements in the normal course of business . cash provided by operating activities in the united states continues to be our primary source of funds to finance domestic operating needs , capital expenditures , share repurchases and dividend payments to shareowners . to the extent that such amounts represent previously untaxed earnings , the cash held by foreign subsidiaries would be subject to tax if such amounts were repatriated in the form of dividends ; however , not all international cash balances would have to be repatriated in the form of a dividend if returned to the u.s . when amounts earned by foreign subsidiaries are expected to be indefinitely reinvested , no accrual for taxes is provided. .
Question: what was the change in net cash from operating activities between 2011 and 2012?
Answer: 143.0
Question: so what was the percentage change?
Answer: 0.02022
Question: and what percentage of the net cash from operating activities in 2013 came from non-cash operating activities?
| 0.45427 |
CONVFINQA7431 | 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.
performance based restricted stock awards is generally recognized using the accelerated amortization method with each vesting tranche valued as a separate award , with a separate vesting date , consistent with the estimated value of the award at each period end . additionally , compensation expense is adjusted for actual forfeitures for all awards in the period that the award was forfeited . compensation expense for stock options is generally recognized on a straight-line basis over the requisite service period . maa presents stock compensation expense in the consolidated statements of operations in "general and administrative expenses" . effective january 1 , 2017 , the company adopted asu 2016-09 , improvements to employee share- based payment accounting , which allows employers to make a policy election to account for forfeitures as they occur . the company elected this option using the modified retrospective transition method , with a cumulative effect adjustment to retained earnings , and there was no material effect on the consolidated financial position or results of operations taken as a whole resulting from the reversal of previously estimated forfeitures . total compensation expense under the stock plan was approximately $ 10.8 million , $ 12.2 million and $ 6.9 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . of these amounts , total compensation expense capitalized was approximately $ 0.2 million , $ 0.7 million and $ 0.7 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . as of december 31 , 2017 , the total unrecognized compensation expense was approximately $ 14.1 million . this cost is expected to be recognized over the remaining weighted average period of 1.2 years . total cash paid for the settlement of plan shares totaled $ 4.8 million , $ 2.0 million and $ 1.0 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . information concerning grants under the stock plan is listed below . restricted stock in general , restricted stock is earned based on either a service condition , performance condition , or market condition , or a combination thereof , and generally vests ratably over a period from 1 year to 5 years . service based awards are earned when the employee remains employed over the requisite service period and are valued on the grant date based upon the market price of maa common stock on the date of grant . market based awards are earned when maa reaches a specified stock price or specified return on the stock price ( price appreciation plus dividends ) and are valued on the grant date using a monte carlo simulation . performance based awards are earned when maa reaches certain operational goals such as funds from operations , or ffo , targets and are valued based upon the market price of maa common stock on the date of grant as well as the probability of reaching the stated targets . maa remeasures the fair value of the performance based awards each balance sheet date with adjustments made on a cumulative basis until the award is settled and the final compensation is known . the weighted average grant date fair value per share of restricted stock awards granted during the years ended december 31 , 2017 , 2016 and 2015 , was $ 84.53 , $ 73.20 and $ 68.35 , respectively . the following is a summary of the key assumptions used in the valuation calculations for market based awards granted during the years ended december 31 , 2017 , 2016 and 2015: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2017</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>risk free rate</td><td>0.65% ( 0.65 % ) - 1.57% ( 1.57 % )</td><td>0.49% ( 0.49 % ) - 1.27% ( 1.27 % )</td><td>0.10% ( 0.10 % ) - 1.05% ( 1.05 % )</td></tr><tr><td>3</td><td>dividend yield</td><td>3.573% ( 3.573 % )</td><td>3.634% ( 3.634 % )</td><td>3.932% ( 3.932 % )</td></tr><tr><td>4</td><td>volatility</td><td>20.43% ( 20.43 % ) - 21.85% ( 21.85 % )</td><td>18.41% ( 18.41 % ) - 19.45% ( 19.45 % )</td><td>15.41% ( 15.41 % ) - 16.04% ( 16.04 % )</td></tr><tr><td>5</td><td>requisite service period</td><td>3 years</td><td>3 years</td><td>3 years</td></tr></table> the risk free rate was based on a zero coupon risk-free rate . the minimum risk free rate was based on a period of 0.25 years for the years ended december 31 , 2017 , 2016 and 2015 . the maximum risk free rate was based on a period of 3 years for the years ended december 31 , 2017 , 2016 and 2015 . the dividend yield was based on the closing stock price of maa stock on the date of grant . volatility for maa was obtained by using a blend of both historical and implied volatility calculations . historical volatility was based on the standard deviation of daily total continuous returns , and implied volatility was based on the trailing month average of daily implied volatilities interpolating between the volatilities implied by stock call option contracts that were closest to the terms shown and closest to the money . the minimum volatility was based on a period of 3 years , 2 years and 1 year for the years ended december 31 , 2017 , 2016 and 2015 , respectively . the maximum volatility was based on a period of 1 year , 1 year and 2 years for the years ended december 31 , 2017 , 2016 and 2015 , respectively . the requisite service period is based on the criteria for the separate programs according to the vesting schedule. .
Question: what is the quotient of total compensation expense of 2016 to 2015?
| 1.76812 |
CONVFINQA7432 | 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.
performance based restricted stock awards is generally recognized using the accelerated amortization method with each vesting tranche valued as a separate award , with a separate vesting date , consistent with the estimated value of the award at each period end . additionally , compensation expense is adjusted for actual forfeitures for all awards in the period that the award was forfeited . compensation expense for stock options is generally recognized on a straight-line basis over the requisite service period . maa presents stock compensation expense in the consolidated statements of operations in "general and administrative expenses" . effective january 1 , 2017 , the company adopted asu 2016-09 , improvements to employee share- based payment accounting , which allows employers to make a policy election to account for forfeitures as they occur . the company elected this option using the modified retrospective transition method , with a cumulative effect adjustment to retained earnings , and there was no material effect on the consolidated financial position or results of operations taken as a whole resulting from the reversal of previously estimated forfeitures . total compensation expense under the stock plan was approximately $ 10.8 million , $ 12.2 million and $ 6.9 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . of these amounts , total compensation expense capitalized was approximately $ 0.2 million , $ 0.7 million and $ 0.7 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . as of december 31 , 2017 , the total unrecognized compensation expense was approximately $ 14.1 million . this cost is expected to be recognized over the remaining weighted average period of 1.2 years . total cash paid for the settlement of plan shares totaled $ 4.8 million , $ 2.0 million and $ 1.0 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . information concerning grants under the stock plan is listed below . restricted stock in general , restricted stock is earned based on either a service condition , performance condition , or market condition , or a combination thereof , and generally vests ratably over a period from 1 year to 5 years . service based awards are earned when the employee remains employed over the requisite service period and are valued on the grant date based upon the market price of maa common stock on the date of grant . market based awards are earned when maa reaches a specified stock price or specified return on the stock price ( price appreciation plus dividends ) and are valued on the grant date using a monte carlo simulation . performance based awards are earned when maa reaches certain operational goals such as funds from operations , or ffo , targets and are valued based upon the market price of maa common stock on the date of grant as well as the probability of reaching the stated targets . maa remeasures the fair value of the performance based awards each balance sheet date with adjustments made on a cumulative basis until the award is settled and the final compensation is known . the weighted average grant date fair value per share of restricted stock awards granted during the years ended december 31 , 2017 , 2016 and 2015 , was $ 84.53 , $ 73.20 and $ 68.35 , respectively . the following is a summary of the key assumptions used in the valuation calculations for market based awards granted during the years ended december 31 , 2017 , 2016 and 2015: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2017</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>risk free rate</td><td>0.65% ( 0.65 % ) - 1.57% ( 1.57 % )</td><td>0.49% ( 0.49 % ) - 1.27% ( 1.27 % )</td><td>0.10% ( 0.10 % ) - 1.05% ( 1.05 % )</td></tr><tr><td>3</td><td>dividend yield</td><td>3.573% ( 3.573 % )</td><td>3.634% ( 3.634 % )</td><td>3.932% ( 3.932 % )</td></tr><tr><td>4</td><td>volatility</td><td>20.43% ( 20.43 % ) - 21.85% ( 21.85 % )</td><td>18.41% ( 18.41 % ) - 19.45% ( 19.45 % )</td><td>15.41% ( 15.41 % ) - 16.04% ( 16.04 % )</td></tr><tr><td>5</td><td>requisite service period</td><td>3 years</td><td>3 years</td><td>3 years</td></tr></table> the risk free rate was based on a zero coupon risk-free rate . the minimum risk free rate was based on a period of 0.25 years for the years ended december 31 , 2017 , 2016 and 2015 . the maximum risk free rate was based on a period of 3 years for the years ended december 31 , 2017 , 2016 and 2015 . the dividend yield was based on the closing stock price of maa stock on the date of grant . volatility for maa was obtained by using a blend of both historical and implied volatility calculations . historical volatility was based on the standard deviation of daily total continuous returns , and implied volatility was based on the trailing month average of daily implied volatilities interpolating between the volatilities implied by stock call option contracts that were closest to the terms shown and closest to the money . the minimum volatility was based on a period of 3 years , 2 years and 1 year for the years ended december 31 , 2017 , 2016 and 2015 , respectively . the maximum volatility was based on a period of 1 year , 1 year and 2 years for the years ended december 31 , 2017 , 2016 and 2015 , respectively . the requisite service period is based on the criteria for the separate programs according to the vesting schedule. .
Question: what is the quotient of total compensation expense of 2016 to 2015?
Answer: 1.76812
Question: what is that value less 1?
| 0.76812 |
CONVFINQA7433 | 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 2 2013 earnings per share the weighted average number of shares outstanding used to compute earnings per common share were as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2018</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>weighted average common shares outstanding for basic computations</td><td>284.5</td><td>287.8</td><td>299.3</td></tr><tr><td>3</td><td>weighted average dilutive effect of equity awards</td><td>2.3</td><td>2.8</td><td>3.8</td></tr><tr><td>4</td><td>weighted average common shares outstanding for diluted computations</td><td>286.8</td><td>290.6</td><td>303.1</td></tr></table> we compute basic and diluted earnings per common share by dividing net earnings by the respective weighted average number of common shares outstanding for the periods presented . our calculation of diluted earnings per common share also includes the dilutive effects for the assumed vesting of outstanding restricted stock units ( rsus ) , performance stock units ( psus ) and exercise of outstanding stock options based on the treasury stock method . there were no significant anti-dilutive equity awards for the years ended december 31 , 2018 , 2017 and 2016 . note 3 2013 acquisition and divestitures consolidation of awe management limited on august 24 , 2016 , we increased our ownership interest in the awe joint venture , which operates the united kingdom 2019s nuclear deterrent program , from 33% ( 33 % ) to 51% ( 51 % ) . consequently , we began consolidating awe and our operating results include 100% ( 100 % ) of awe 2019s sales and 51% ( 51 % ) of its operating profit . prior to increasing our ownership interest , we accounted for our investment in awe using the equity method of accounting . under the equity method , we recognized only 33% ( 33 % ) of awe 2019s earnings or losses and no sales . accordingly , prior to august 24 , 2016 , the date we obtained control , we recorded 33% ( 33 % ) of awe 2019s net earnings in our operating results and subsequent to august 24 , 2016 , we recognized 100% ( 100 % ) of awe 2019s sales and 51% ( 51 % ) of its operating profit . we accounted for this transaction as a 201cstep acquisition 201d ( as defined by u.s . gaap ) , which requires us to consolidate and record the assets and liabilities of awe at fair value . accordingly , we recorded intangible assets of $ 243 million related to customer relationships , $ 32 million of net liabilities , and noncontrolling interests of $ 107 million . the intangible assets are being amortized over a period of eight years in accordance with the underlying pattern of economic benefit reflected by the future net cash flows . in 2016 , we recognized a non-cash net gain of $ 104 million associated with obtaining a controlling interest in awe , which consisted of a $ 127 million pretax gain recognized in the operating results of our space business segment and $ 23 million of tax-related items at our corporate office . the gain represented the fair value of our 51% ( 51 % ) interest in awe , less the carrying value of our previously held investment in awe and deferred taxes . the gain was recorded in other income , net on our consolidated statements of earnings . the fair value of awe ( including the intangible assets ) , our controlling interest , and the noncontrolling interests were determined using the income approach . divestiture of the information systems & global solutions business on august 16 , 2016 , we divested our former is&gs business , which merged with leidos , in a reverse morris trust transaction ( the 201ctransaction 201d ) . the transaction was completed in a multi-step process pursuant to which we initially contributed the is&gs business to abacus innovations corporation ( abacus ) , a wholly owned subsidiary of lockheed martin created to facilitate the transaction , and the common stock of abacus was distributed to participating lockheed martin stockholders through an exchange offer . under the terms of the exchange offer , lockheed martin stockholders had the option to exchange shares of lockheed martin common stock for shares of abacus common stock . at the conclusion of the exchange offer , all shares of abacus common stock were exchanged for 9369694 shares of lockheed martin common stock held by lockheed martin stockholders that elected to participate in the exchange . the shares of lockheed martin common stock that were exchanged and accepted were retired , reducing the number of shares of our common stock outstanding by approximately 3% ( 3 % ) . following the exchange offer , abacus merged with a subsidiary of leidos , with abacus continuing as the surviving corporation and a wholly-owned subsidiary of leidos . as part of the merger , each share of abacus common stock was automatically converted into one share of leidos common stock . we did not receive any shares of leidos common stock as part of the transaction and do not hold any shares of leidos or abacus common stock following the transaction . based on an opinion of outside tax counsel , subject to customary qualifications and based on factual representations , the exchange offer and merger will qualify as tax-free transactions to lockheed martin and its stockholders , except to the extent that cash was paid to lockheed martin stockholders in lieu of fractional shares . in connection with the transaction , abacus borrowed an aggregate principal amount of approximately $ 1.84 billion under term loan facilities with third party financial institutions , the proceeds of which were used to make a one-time special cash payment of $ 1.80 billion to lockheed martin and to pay associated borrowing fees and expenses . the entire special cash payment was used to repay debt , pay dividends and repurchase stock during the third and fourth quarters of 2016 . the obligations under the abacus term loan facilities were guaranteed by leidos as part of the transaction. .
Question: what was the change in weighted average common shares outstanding for basic computations from 2016 to 2017?
| -11.5 |
CONVFINQA7434 | 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 2 2013 earnings per share the weighted average number of shares outstanding used to compute earnings per common share were as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2018</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>weighted average common shares outstanding for basic computations</td><td>284.5</td><td>287.8</td><td>299.3</td></tr><tr><td>3</td><td>weighted average dilutive effect of equity awards</td><td>2.3</td><td>2.8</td><td>3.8</td></tr><tr><td>4</td><td>weighted average common shares outstanding for diluted computations</td><td>286.8</td><td>290.6</td><td>303.1</td></tr></table> we compute basic and diluted earnings per common share by dividing net earnings by the respective weighted average number of common shares outstanding for the periods presented . our calculation of diluted earnings per common share also includes the dilutive effects for the assumed vesting of outstanding restricted stock units ( rsus ) , performance stock units ( psus ) and exercise of outstanding stock options based on the treasury stock method . there were no significant anti-dilutive equity awards for the years ended december 31 , 2018 , 2017 and 2016 . note 3 2013 acquisition and divestitures consolidation of awe management limited on august 24 , 2016 , we increased our ownership interest in the awe joint venture , which operates the united kingdom 2019s nuclear deterrent program , from 33% ( 33 % ) to 51% ( 51 % ) . consequently , we began consolidating awe and our operating results include 100% ( 100 % ) of awe 2019s sales and 51% ( 51 % ) of its operating profit . prior to increasing our ownership interest , we accounted for our investment in awe using the equity method of accounting . under the equity method , we recognized only 33% ( 33 % ) of awe 2019s earnings or losses and no sales . accordingly , prior to august 24 , 2016 , the date we obtained control , we recorded 33% ( 33 % ) of awe 2019s net earnings in our operating results and subsequent to august 24 , 2016 , we recognized 100% ( 100 % ) of awe 2019s sales and 51% ( 51 % ) of its operating profit . we accounted for this transaction as a 201cstep acquisition 201d ( as defined by u.s . gaap ) , which requires us to consolidate and record the assets and liabilities of awe at fair value . accordingly , we recorded intangible assets of $ 243 million related to customer relationships , $ 32 million of net liabilities , and noncontrolling interests of $ 107 million . the intangible assets are being amortized over a period of eight years in accordance with the underlying pattern of economic benefit reflected by the future net cash flows . in 2016 , we recognized a non-cash net gain of $ 104 million associated with obtaining a controlling interest in awe , which consisted of a $ 127 million pretax gain recognized in the operating results of our space business segment and $ 23 million of tax-related items at our corporate office . the gain represented the fair value of our 51% ( 51 % ) interest in awe , less the carrying value of our previously held investment in awe and deferred taxes . the gain was recorded in other income , net on our consolidated statements of earnings . the fair value of awe ( including the intangible assets ) , our controlling interest , and the noncontrolling interests were determined using the income approach . divestiture of the information systems & global solutions business on august 16 , 2016 , we divested our former is&gs business , which merged with leidos , in a reverse morris trust transaction ( the 201ctransaction 201d ) . the transaction was completed in a multi-step process pursuant to which we initially contributed the is&gs business to abacus innovations corporation ( abacus ) , a wholly owned subsidiary of lockheed martin created to facilitate the transaction , and the common stock of abacus was distributed to participating lockheed martin stockholders through an exchange offer . under the terms of the exchange offer , lockheed martin stockholders had the option to exchange shares of lockheed martin common stock for shares of abacus common stock . at the conclusion of the exchange offer , all shares of abacus common stock were exchanged for 9369694 shares of lockheed martin common stock held by lockheed martin stockholders that elected to participate in the exchange . the shares of lockheed martin common stock that were exchanged and accepted were retired , reducing the number of shares of our common stock outstanding by approximately 3% ( 3 % ) . following the exchange offer , abacus merged with a subsidiary of leidos , with abacus continuing as the surviving corporation and a wholly-owned subsidiary of leidos . as part of the merger , each share of abacus common stock was automatically converted into one share of leidos common stock . we did not receive any shares of leidos common stock as part of the transaction and do not hold any shares of leidos or abacus common stock following the transaction . based on an opinion of outside tax counsel , subject to customary qualifications and based on factual representations , the exchange offer and merger will qualify as tax-free transactions to lockheed martin and its stockholders , except to the extent that cash was paid to lockheed martin stockholders in lieu of fractional shares . in connection with the transaction , abacus borrowed an aggregate principal amount of approximately $ 1.84 billion under term loan facilities with third party financial institutions , the proceeds of which were used to make a one-time special cash payment of $ 1.80 billion to lockheed martin and to pay associated borrowing fees and expenses . the entire special cash payment was used to repay debt , pay dividends and repurchase stock during the third and fourth quarters of 2016 . the obligations under the abacus term loan facilities were guaranteed by leidos as part of the transaction. .
Question: what was the change in weighted average common shares outstanding for basic computations from 2016 to 2017?
Answer: -11.5
Question: and how much does that change represent percentually in relation to the weighted average common shares outstanding for basic computations in 2016?
| -0.03842 |
CONVFINQA7435 | 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 fully phased-in capital ratios the table below presents our estimated ratio of cet1 to rwas calculated under the basel iii advanced rules and the standardized capital rules on a fully phased-in basis. . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>as of december 2014</td><td>as of december 2013</td></tr><tr><td>2</td><td>common shareholders 2019 equity</td><td>$ 73597</td><td>$ 71267</td></tr><tr><td>3</td><td>deductions for goodwill and identifiable intangible assets net of deferred tax liabilities</td><td>-3196 ( 3196 )</td><td>-3468 ( 3468 )</td></tr><tr><td>4</td><td>deductions for investments in nonconsolidated financial institutions</td><td>-4928 ( 4928 )</td><td>-9091 ( 9091 )</td></tr><tr><td>5</td><td>other adjustments</td><td>-1213 ( 1213 )</td><td>-489 ( 489 )</td></tr><tr><td>6</td><td>cet1</td><td>$ 64260</td><td>$ 58219</td></tr><tr><td>7</td><td>basel iii advanced rwas</td><td>$ 577869</td><td>$ 594662</td></tr><tr><td>8</td><td>basel iii advanced cet1 ratio</td><td>11.1% ( 11.1 % )</td><td>9.8% ( 9.8 % )</td></tr><tr><td>9</td><td>standardized rwas</td><td>$ 627444</td><td>$ 635092</td></tr><tr><td>10</td><td>standardized cet1 ratio</td><td>10.2% ( 10.2 % )</td><td>9.2% ( 9.2 % )</td></tr></table> although the fully phased-in capital ratios are not applicable until 2019 , we believe that the estimated ratios in the table above are meaningful because they are measures that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements . the estimated fully phased-in basel iii advanced and standardized cet1 ratios are non-gaap measures as of both december 2014 and december 2013 and may not be comparable to similar non-gaap measures used by other companies ( as of those dates ) . these estimated ratios are based on our current interpretation , expectations and understanding of the revised capital framework and may evolve as we discuss its interpretation and application with our regulators . see note 20 to the consolidated financial statements for information about our transitional capital ratios , which represent our binding ratios as of december 2014 . in the table above : 2030 the deduction for goodwill and identifiable intangible assets , net of deferred tax liabilities , represents goodwill of $ 3.65 billion and $ 3.71 billion as of december 2014 and december 2013 , respectively , and identifiable intangible assets of $ 515 million and $ 671 million as of december 2014 and december 2013 , respectively , net of associated deferred tax liabilities of $ 964 million and $ 908 million as of december 2014 and december 2013 , respectively . 2030 the deduction for investments in nonconsolidated financial institutions represents the amount by which our investments in the capital of nonconsolidated financial institutions exceed certain prescribed thresholds . the decrease from december 2013 to december 2014 primarily reflects reductions in our fund investments . 2030 other adjustments primarily include the overfunded portion of our defined benefit pension plan obligation , net of associated deferred tax liabilities , and disallowed deferred tax assets , credit valuation adjustments on derivative liabilities and debt valuation adjustments , as well as other required credit risk-based deductions . supplementary leverage ratio the revised capital framework introduces a new supplementary leverage ratio for advanced approach banking organizations . under amendments to the revised capital framework , the u.s . federal bank regulatory agencies approved a final rule that implements the supplementary leverage ratio aligned with the definition of leverage established by the basel committee . the supplementary leverage ratio compares tier 1 capital to a measure of leverage exposure , defined as the sum of our quarterly average assets less certain deductions plus certain off-balance-sheet exposures , including a measure of derivatives exposures and commitments . the revised capital framework requires a minimum supplementary leverage ratio of 5.0% ( 5.0 % ) ( comprised of the minimum requirement of 3.0% ( 3.0 % ) and a 2.0% ( 2.0 % ) buffer ) for u.s . banks deemed to be g-sibs , effective on january 1 , 2018 . certain disclosures regarding the supplementary leverage ratio are required beginning in the first quarter of 2015 . as of december 2014 , our estimated supplementary leverage ratio was 5.0% ( 5.0 % ) , including tier 1 capital on a fully phased-in basis of $ 73.17 billion ( cet1 of $ 64.26 billion plus perpetual non-cumulative preferred stock of $ 9.20 billion less other adjustments of $ 290 million ) divided by total leverage exposure of $ 1.45 trillion ( total quarterly average assets of $ 873 billion plus adjustments of $ 579 billion , primarily comprised of off-balance-sheet exposure related to derivatives and commitments ) . we believe that the estimated supplementary leverage ratio is meaningful because it is a measure that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements . the supplementary leverage ratio is a non-gaap measure and may not be comparable to similar non-gaap measures used by other companies . this estimated supplementary leverage ratio is based on our current interpretation and understanding of the u.s . federal bank regulatory agencies 2019 final rule and may evolve as we discuss its interpretation and application with our regulators . 60 goldman sachs 2014 annual report .
Question: what was the net difference in the balance of common shareholders 2019 equity between 2013 and 2014?
| 2330.0 |
CONVFINQA7436 | 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 fully phased-in capital ratios the table below presents our estimated ratio of cet1 to rwas calculated under the basel iii advanced rules and the standardized capital rules on a fully phased-in basis. . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>as of december 2014</td><td>as of december 2013</td></tr><tr><td>2</td><td>common shareholders 2019 equity</td><td>$ 73597</td><td>$ 71267</td></tr><tr><td>3</td><td>deductions for goodwill and identifiable intangible assets net of deferred tax liabilities</td><td>-3196 ( 3196 )</td><td>-3468 ( 3468 )</td></tr><tr><td>4</td><td>deductions for investments in nonconsolidated financial institutions</td><td>-4928 ( 4928 )</td><td>-9091 ( 9091 )</td></tr><tr><td>5</td><td>other adjustments</td><td>-1213 ( 1213 )</td><td>-489 ( 489 )</td></tr><tr><td>6</td><td>cet1</td><td>$ 64260</td><td>$ 58219</td></tr><tr><td>7</td><td>basel iii advanced rwas</td><td>$ 577869</td><td>$ 594662</td></tr><tr><td>8</td><td>basel iii advanced cet1 ratio</td><td>11.1% ( 11.1 % )</td><td>9.8% ( 9.8 % )</td></tr><tr><td>9</td><td>standardized rwas</td><td>$ 627444</td><td>$ 635092</td></tr><tr><td>10</td><td>standardized cet1 ratio</td><td>10.2% ( 10.2 % )</td><td>9.2% ( 9.2 % )</td></tr></table> although the fully phased-in capital ratios are not applicable until 2019 , we believe that the estimated ratios in the table above are meaningful because they are measures that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements . the estimated fully phased-in basel iii advanced and standardized cet1 ratios are non-gaap measures as of both december 2014 and december 2013 and may not be comparable to similar non-gaap measures used by other companies ( as of those dates ) . these estimated ratios are based on our current interpretation , expectations and understanding of the revised capital framework and may evolve as we discuss its interpretation and application with our regulators . see note 20 to the consolidated financial statements for information about our transitional capital ratios , which represent our binding ratios as of december 2014 . in the table above : 2030 the deduction for goodwill and identifiable intangible assets , net of deferred tax liabilities , represents goodwill of $ 3.65 billion and $ 3.71 billion as of december 2014 and december 2013 , respectively , and identifiable intangible assets of $ 515 million and $ 671 million as of december 2014 and december 2013 , respectively , net of associated deferred tax liabilities of $ 964 million and $ 908 million as of december 2014 and december 2013 , respectively . 2030 the deduction for investments in nonconsolidated financial institutions represents the amount by which our investments in the capital of nonconsolidated financial institutions exceed certain prescribed thresholds . the decrease from december 2013 to december 2014 primarily reflects reductions in our fund investments . 2030 other adjustments primarily include the overfunded portion of our defined benefit pension plan obligation , net of associated deferred tax liabilities , and disallowed deferred tax assets , credit valuation adjustments on derivative liabilities and debt valuation adjustments , as well as other required credit risk-based deductions . supplementary leverage ratio the revised capital framework introduces a new supplementary leverage ratio for advanced approach banking organizations . under amendments to the revised capital framework , the u.s . federal bank regulatory agencies approved a final rule that implements the supplementary leverage ratio aligned with the definition of leverage established by the basel committee . the supplementary leverage ratio compares tier 1 capital to a measure of leverage exposure , defined as the sum of our quarterly average assets less certain deductions plus certain off-balance-sheet exposures , including a measure of derivatives exposures and commitments . the revised capital framework requires a minimum supplementary leverage ratio of 5.0% ( 5.0 % ) ( comprised of the minimum requirement of 3.0% ( 3.0 % ) and a 2.0% ( 2.0 % ) buffer ) for u.s . banks deemed to be g-sibs , effective on january 1 , 2018 . certain disclosures regarding the supplementary leverage ratio are required beginning in the first quarter of 2015 . as of december 2014 , our estimated supplementary leverage ratio was 5.0% ( 5.0 % ) , including tier 1 capital on a fully phased-in basis of $ 73.17 billion ( cet1 of $ 64.26 billion plus perpetual non-cumulative preferred stock of $ 9.20 billion less other adjustments of $ 290 million ) divided by total leverage exposure of $ 1.45 trillion ( total quarterly average assets of $ 873 billion plus adjustments of $ 579 billion , primarily comprised of off-balance-sheet exposure related to derivatives and commitments ) . we believe that the estimated supplementary leverage ratio is meaningful because it is a measure that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements . the supplementary leverage ratio is a non-gaap measure and may not be comparable to similar non-gaap measures used by other companies . this estimated supplementary leverage ratio is based on our current interpretation and understanding of the u.s . federal bank regulatory agencies 2019 final rule and may evolve as we discuss its interpretation and application with our regulators . 60 goldman sachs 2014 annual report .
Question: what was the net difference in the balance of common shareholders 2019 equity between 2013 and 2014?
Answer: 2330.0
Question: what was the balance of common shareholders 2019 equity in 2013?
| 71267.0 |
CONVFINQA7437 | 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 fully phased-in capital ratios the table below presents our estimated ratio of cet1 to rwas calculated under the basel iii advanced rules and the standardized capital rules on a fully phased-in basis. . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>as of december 2014</td><td>as of december 2013</td></tr><tr><td>2</td><td>common shareholders 2019 equity</td><td>$ 73597</td><td>$ 71267</td></tr><tr><td>3</td><td>deductions for goodwill and identifiable intangible assets net of deferred tax liabilities</td><td>-3196 ( 3196 )</td><td>-3468 ( 3468 )</td></tr><tr><td>4</td><td>deductions for investments in nonconsolidated financial institutions</td><td>-4928 ( 4928 )</td><td>-9091 ( 9091 )</td></tr><tr><td>5</td><td>other adjustments</td><td>-1213 ( 1213 )</td><td>-489 ( 489 )</td></tr><tr><td>6</td><td>cet1</td><td>$ 64260</td><td>$ 58219</td></tr><tr><td>7</td><td>basel iii advanced rwas</td><td>$ 577869</td><td>$ 594662</td></tr><tr><td>8</td><td>basel iii advanced cet1 ratio</td><td>11.1% ( 11.1 % )</td><td>9.8% ( 9.8 % )</td></tr><tr><td>9</td><td>standardized rwas</td><td>$ 627444</td><td>$ 635092</td></tr><tr><td>10</td><td>standardized cet1 ratio</td><td>10.2% ( 10.2 % )</td><td>9.2% ( 9.2 % )</td></tr></table> although the fully phased-in capital ratios are not applicable until 2019 , we believe that the estimated ratios in the table above are meaningful because they are measures that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements . the estimated fully phased-in basel iii advanced and standardized cet1 ratios are non-gaap measures as of both december 2014 and december 2013 and may not be comparable to similar non-gaap measures used by other companies ( as of those dates ) . these estimated ratios are based on our current interpretation , expectations and understanding of the revised capital framework and may evolve as we discuss its interpretation and application with our regulators . see note 20 to the consolidated financial statements for information about our transitional capital ratios , which represent our binding ratios as of december 2014 . in the table above : 2030 the deduction for goodwill and identifiable intangible assets , net of deferred tax liabilities , represents goodwill of $ 3.65 billion and $ 3.71 billion as of december 2014 and december 2013 , respectively , and identifiable intangible assets of $ 515 million and $ 671 million as of december 2014 and december 2013 , respectively , net of associated deferred tax liabilities of $ 964 million and $ 908 million as of december 2014 and december 2013 , respectively . 2030 the deduction for investments in nonconsolidated financial institutions represents the amount by which our investments in the capital of nonconsolidated financial institutions exceed certain prescribed thresholds . the decrease from december 2013 to december 2014 primarily reflects reductions in our fund investments . 2030 other adjustments primarily include the overfunded portion of our defined benefit pension plan obligation , net of associated deferred tax liabilities , and disallowed deferred tax assets , credit valuation adjustments on derivative liabilities and debt valuation adjustments , as well as other required credit risk-based deductions . supplementary leverage ratio the revised capital framework introduces a new supplementary leverage ratio for advanced approach banking organizations . under amendments to the revised capital framework , the u.s . federal bank regulatory agencies approved a final rule that implements the supplementary leverage ratio aligned with the definition of leverage established by the basel committee . the supplementary leverage ratio compares tier 1 capital to a measure of leverage exposure , defined as the sum of our quarterly average assets less certain deductions plus certain off-balance-sheet exposures , including a measure of derivatives exposures and commitments . the revised capital framework requires a minimum supplementary leverage ratio of 5.0% ( 5.0 % ) ( comprised of the minimum requirement of 3.0% ( 3.0 % ) and a 2.0% ( 2.0 % ) buffer ) for u.s . banks deemed to be g-sibs , effective on january 1 , 2018 . certain disclosures regarding the supplementary leverage ratio are required beginning in the first quarter of 2015 . as of december 2014 , our estimated supplementary leverage ratio was 5.0% ( 5.0 % ) , including tier 1 capital on a fully phased-in basis of $ 73.17 billion ( cet1 of $ 64.26 billion plus perpetual non-cumulative preferred stock of $ 9.20 billion less other adjustments of $ 290 million ) divided by total leverage exposure of $ 1.45 trillion ( total quarterly average assets of $ 873 billion plus adjustments of $ 579 billion , primarily comprised of off-balance-sheet exposure related to derivatives and commitments ) . we believe that the estimated supplementary leverage ratio is meaningful because it is a measure that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements . the supplementary leverage ratio is a non-gaap measure and may not be comparable to similar non-gaap measures used by other companies . this estimated supplementary leverage ratio is based on our current interpretation and understanding of the u.s . federal bank regulatory agencies 2019 final rule and may evolve as we discuss its interpretation and application with our regulators . 60 goldman sachs 2014 annual report .
Question: what was the net difference in the balance of common shareholders 2019 equity between 2013 and 2014?
Answer: 2330.0
Question: what was the balance of common shareholders 2019 equity in 2013?
Answer: 71267.0
Question: what is the percent change?
| 0.03269 |
CONVFINQA7438 | 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.
illumina , inc . notes to consolidated financial statements 2014 ( continued ) advertising costs the company expenses advertising costs as incurred . advertising costs were approximately $ 440000 for 2003 , $ 267000 for 2002 and $ 57000 for 2001 . income taxes a deferred income tax asset or liability is computed for the expected future impact of differences between the financial reporting and tax bases of assets and liabilities , as well as the expected future tax benefit to be derived from tax loss and credit carryforwards . deferred income tax expense is generally the net change during the year in the deferred income tax asset or liability . valuation allowances are established when realizability of deferred tax assets is uncertain . the effect of tax rate changes is reflected in tax expense during the period in which such changes are enacted . foreign currency translation the functional currencies of the company 2019s wholly owned subsidiaries are their respective local currencies . accordingly , all balance sheet accounts of these operations are translated to u.s . dollars using the exchange rates in effect at the balance sheet date , and revenues and expenses are translated using the average exchange rates in effect during the period . the gains and losses from foreign currency translation of these subsidiaries 2019 financial statements are recorded directly as a separate component of stockholders 2019 equity under the caption 2018 2018accumulated other comprehensive income . 2019 2019 stock-based compensation at december 28 , 2003 , the company has three stock-based employee and non-employee director compensation plans , which are described more fully in note 5 . as permitted by sfas no . 123 , accounting for stock-based compensation , the company accounts for common stock options granted , and restricted stock sold , to employees , founders and directors using the intrinsic value method and , thus , recognizes no compensation expense for options granted , or restricted stock sold , with exercise prices equal to or greater than the fair value of the company 2019s common stock on the date of the grant . the company has recorded deferred stock compensation related to certain stock options , and restricted stock , which were granted prior to the company 2019s initial public offering with exercise prices below estimated fair value ( see note 5 ) , which is being amortized on an accelerated amortiza- tion methodology in accordance with financial accounting standards board interpretation number ( 2018 2018fin 2019 2019 ) 28 . pro forma information regarding net loss is required by sfas no . 123 and has been determined as if the company had accounted for its employee stock options and employee stock purchases under the fair value method of that statement . the fair value for these options was estimated at the dates of grant using the fair value option pricing model ( black scholes ) with the following weighted-average assumptions for 2003 , 2002 and 2001 : year ended year ended year ended december 28 , december 29 , december 30 , 2003 2002 2001 weighted average risk-free interest rate******* 3.03% ( 3.03 % ) 3.73% ( 3.73 % ) 4.65% ( 4.65 % ) expected dividend yield********************* 0% ( 0 % ) 0% ( 0 % ) 0% ( 0 % ) weighted average volatility ****************** 103% ( 103 % ) 104% ( 104 % ) 119% ( 119 % ) estimated life ( in years ) ********************** 5 5 5 . <table class='wikitable'><tr><td>1</td><td>-</td><td>year ended december 28 2003</td><td>year ended december 29 2002</td><td>year ended december 30 2001</td></tr><tr><td>2</td><td>weighted average risk-free interest rate</td><td>3.03% ( 3.03 % )</td><td>3.73% ( 3.73 % )</td><td>4.65% ( 4.65 % )</td></tr><tr><td>3</td><td>expected dividend yield</td><td>0% ( 0 % )</td><td>0% ( 0 % )</td><td>0% ( 0 % )</td></tr><tr><td>4</td><td>weighted average volatility</td><td>103% ( 103 % )</td><td>104% ( 104 % )</td><td>119% ( 119 % )</td></tr><tr><td>5</td><td>estimated life ( in years )</td><td>5</td><td>5</td><td>5</td></tr><tr><td>6</td><td>weighted average fair value of options granted</td><td>$ 3.31</td><td>$ 4.39</td><td>$ 7.51</td></tr></table> .
Question: what is the difference between the weighted average risk-free interest rate of 2003 and 2002?
| -0.7 |
CONVFINQA7439 | 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.
illumina , inc . notes to consolidated financial statements 2014 ( continued ) advertising costs the company expenses advertising costs as incurred . advertising costs were approximately $ 440000 for 2003 , $ 267000 for 2002 and $ 57000 for 2001 . income taxes a deferred income tax asset or liability is computed for the expected future impact of differences between the financial reporting and tax bases of assets and liabilities , as well as the expected future tax benefit to be derived from tax loss and credit carryforwards . deferred income tax expense is generally the net change during the year in the deferred income tax asset or liability . valuation allowances are established when realizability of deferred tax assets is uncertain . the effect of tax rate changes is reflected in tax expense during the period in which such changes are enacted . foreign currency translation the functional currencies of the company 2019s wholly owned subsidiaries are their respective local currencies . accordingly , all balance sheet accounts of these operations are translated to u.s . dollars using the exchange rates in effect at the balance sheet date , and revenues and expenses are translated using the average exchange rates in effect during the period . the gains and losses from foreign currency translation of these subsidiaries 2019 financial statements are recorded directly as a separate component of stockholders 2019 equity under the caption 2018 2018accumulated other comprehensive income . 2019 2019 stock-based compensation at december 28 , 2003 , the company has three stock-based employee and non-employee director compensation plans , which are described more fully in note 5 . as permitted by sfas no . 123 , accounting for stock-based compensation , the company accounts for common stock options granted , and restricted stock sold , to employees , founders and directors using the intrinsic value method and , thus , recognizes no compensation expense for options granted , or restricted stock sold , with exercise prices equal to or greater than the fair value of the company 2019s common stock on the date of the grant . the company has recorded deferred stock compensation related to certain stock options , and restricted stock , which were granted prior to the company 2019s initial public offering with exercise prices below estimated fair value ( see note 5 ) , which is being amortized on an accelerated amortiza- tion methodology in accordance with financial accounting standards board interpretation number ( 2018 2018fin 2019 2019 ) 28 . pro forma information regarding net loss is required by sfas no . 123 and has been determined as if the company had accounted for its employee stock options and employee stock purchases under the fair value method of that statement . the fair value for these options was estimated at the dates of grant using the fair value option pricing model ( black scholes ) with the following weighted-average assumptions for 2003 , 2002 and 2001 : year ended year ended year ended december 28 , december 29 , december 30 , 2003 2002 2001 weighted average risk-free interest rate******* 3.03% ( 3.03 % ) 3.73% ( 3.73 % ) 4.65% ( 4.65 % ) expected dividend yield********************* 0% ( 0 % ) 0% ( 0 % ) 0% ( 0 % ) weighted average volatility ****************** 103% ( 103 % ) 104% ( 104 % ) 119% ( 119 % ) estimated life ( in years ) ********************** 5 5 5 . <table class='wikitable'><tr><td>1</td><td>-</td><td>year ended december 28 2003</td><td>year ended december 29 2002</td><td>year ended december 30 2001</td></tr><tr><td>2</td><td>weighted average risk-free interest rate</td><td>3.03% ( 3.03 % )</td><td>3.73% ( 3.73 % )</td><td>4.65% ( 4.65 % )</td></tr><tr><td>3</td><td>expected dividend yield</td><td>0% ( 0 % )</td><td>0% ( 0 % )</td><td>0% ( 0 % )</td></tr><tr><td>4</td><td>weighted average volatility</td><td>103% ( 103 % )</td><td>104% ( 104 % )</td><td>119% ( 119 % )</td></tr><tr><td>5</td><td>estimated life ( in years )</td><td>5</td><td>5</td><td>5</td></tr><tr><td>6</td><td>weighted average fair value of options granted</td><td>$ 3.31</td><td>$ 4.39</td><td>$ 7.51</td></tr></table> .
Question: what is the difference between the weighted average risk-free interest rate of 2003 and 2002?
Answer: -0.7
Question: what is the weighted average risk-free interest rate of 2002?
| 3.73 |
CONVFINQA7440 | 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.
illumina , inc . notes to consolidated financial statements 2014 ( continued ) advertising costs the company expenses advertising costs as incurred . advertising costs were approximately $ 440000 for 2003 , $ 267000 for 2002 and $ 57000 for 2001 . income taxes a deferred income tax asset or liability is computed for the expected future impact of differences between the financial reporting and tax bases of assets and liabilities , as well as the expected future tax benefit to be derived from tax loss and credit carryforwards . deferred income tax expense is generally the net change during the year in the deferred income tax asset or liability . valuation allowances are established when realizability of deferred tax assets is uncertain . the effect of tax rate changes is reflected in tax expense during the period in which such changes are enacted . foreign currency translation the functional currencies of the company 2019s wholly owned subsidiaries are their respective local currencies . accordingly , all balance sheet accounts of these operations are translated to u.s . dollars using the exchange rates in effect at the balance sheet date , and revenues and expenses are translated using the average exchange rates in effect during the period . the gains and losses from foreign currency translation of these subsidiaries 2019 financial statements are recorded directly as a separate component of stockholders 2019 equity under the caption 2018 2018accumulated other comprehensive income . 2019 2019 stock-based compensation at december 28 , 2003 , the company has three stock-based employee and non-employee director compensation plans , which are described more fully in note 5 . as permitted by sfas no . 123 , accounting for stock-based compensation , the company accounts for common stock options granted , and restricted stock sold , to employees , founders and directors using the intrinsic value method and , thus , recognizes no compensation expense for options granted , or restricted stock sold , with exercise prices equal to or greater than the fair value of the company 2019s common stock on the date of the grant . the company has recorded deferred stock compensation related to certain stock options , and restricted stock , which were granted prior to the company 2019s initial public offering with exercise prices below estimated fair value ( see note 5 ) , which is being amortized on an accelerated amortiza- tion methodology in accordance with financial accounting standards board interpretation number ( 2018 2018fin 2019 2019 ) 28 . pro forma information regarding net loss is required by sfas no . 123 and has been determined as if the company had accounted for its employee stock options and employee stock purchases under the fair value method of that statement . the fair value for these options was estimated at the dates of grant using the fair value option pricing model ( black scholes ) with the following weighted-average assumptions for 2003 , 2002 and 2001 : year ended year ended year ended december 28 , december 29 , december 30 , 2003 2002 2001 weighted average risk-free interest rate******* 3.03% ( 3.03 % ) 3.73% ( 3.73 % ) 4.65% ( 4.65 % ) expected dividend yield********************* 0% ( 0 % ) 0% ( 0 % ) 0% ( 0 % ) weighted average volatility ****************** 103% ( 103 % ) 104% ( 104 % ) 119% ( 119 % ) estimated life ( in years ) ********************** 5 5 5 . <table class='wikitable'><tr><td>1</td><td>-</td><td>year ended december 28 2003</td><td>year ended december 29 2002</td><td>year ended december 30 2001</td></tr><tr><td>2</td><td>weighted average risk-free interest rate</td><td>3.03% ( 3.03 % )</td><td>3.73% ( 3.73 % )</td><td>4.65% ( 4.65 % )</td></tr><tr><td>3</td><td>expected dividend yield</td><td>0% ( 0 % )</td><td>0% ( 0 % )</td><td>0% ( 0 % )</td></tr><tr><td>4</td><td>weighted average volatility</td><td>103% ( 103 % )</td><td>104% ( 104 % )</td><td>119% ( 119 % )</td></tr><tr><td>5</td><td>estimated life ( in years )</td><td>5</td><td>5</td><td>5</td></tr><tr><td>6</td><td>weighted average fair value of options granted</td><td>$ 3.31</td><td>$ 4.39</td><td>$ 7.51</td></tr></table> .
Question: what is the difference between the weighted average risk-free interest rate of 2003 and 2002?
Answer: -0.7
Question: what is the weighted average risk-free interest rate of 2002?
Answer: 3.73
Question: how much does that difference represents in relation to weighted average risk-free interest rate of 2002?
| -0.18767 |
CONVFINQA7441 | 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.
direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies . additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase options are not considered to be potentially significant to the vies . the future minimum lease payments associated with the vie leases totaled $ 3.0 billion as of december 31 , 2014 . 17 . leases we lease certain locomotives , freight cars , and other property . the consolidated statements of financial position as of december 31 , 2014 and 2013 included $ 2454 million , net of $ 1210 million of accumulated depreciation , and $ 2486 million , net of $ 1092 million of accumulated depreciation , respectively , for properties held under capital leases . a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income . future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2014 , were as follows : millions operating leases capital leases . <table class='wikitable'><tr><td>1</td><td>millions</td><td>operatingleases</td><td>capitalleases</td></tr><tr><td>2</td><td>2015</td><td>$ 508</td><td>$ 253</td></tr><tr><td>3</td><td>2016</td><td>484</td><td>249</td></tr><tr><td>4</td><td>2017</td><td>429</td><td>246</td></tr><tr><td>5</td><td>2018</td><td>356</td><td>224</td></tr><tr><td>6</td><td>2019</td><td>323</td><td>210</td></tr><tr><td>7</td><td>later years</td><td>1625</td><td>745</td></tr><tr><td>8</td><td>total minimum leasepayments</td><td>$ 3725</td><td>$ 1927</td></tr><tr><td>9</td><td>amount representing interest</td><td>n/a</td><td>-407 ( 407 )</td></tr><tr><td>10</td><td>present value of minimum leasepayments</td><td>n/a</td><td>$ 1520</td></tr></table> approximately 95% ( 95 % ) of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 593 million in 2014 , $ 618 million in 2013 , and $ 631 million in 2012 . when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term . contingent rentals and sub-rentals are not significant . 18 . commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries . we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity ; however , to the extent possible , where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated , we have recorded a liability . we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters . personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year . we use an actuarial analysis to measure the expense and liability , including unasserted claims . the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents . under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements . we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at work . our personal injury liability is not discounted to present value due to the uncertainty surrounding the timing of future payments . approximately 93% ( 93 % ) of the recorded liability is related to asserted claims and approximately 7% ( 7 % ) is related to unasserted claims at december 31 , 2014 . because of the uncertainty .
Question: what is the total minimum lease payments for operating leases?
| 3725.0 |
CONVFINQA7442 | 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.
direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies . additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase options are not considered to be potentially significant to the vies . the future minimum lease payments associated with the vie leases totaled $ 3.0 billion as of december 31 , 2014 . 17 . leases we lease certain locomotives , freight cars , and other property . the consolidated statements of financial position as of december 31 , 2014 and 2013 included $ 2454 million , net of $ 1210 million of accumulated depreciation , and $ 2486 million , net of $ 1092 million of accumulated depreciation , respectively , for properties held under capital leases . a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income . future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2014 , were as follows : millions operating leases capital leases . <table class='wikitable'><tr><td>1</td><td>millions</td><td>operatingleases</td><td>capitalleases</td></tr><tr><td>2</td><td>2015</td><td>$ 508</td><td>$ 253</td></tr><tr><td>3</td><td>2016</td><td>484</td><td>249</td></tr><tr><td>4</td><td>2017</td><td>429</td><td>246</td></tr><tr><td>5</td><td>2018</td><td>356</td><td>224</td></tr><tr><td>6</td><td>2019</td><td>323</td><td>210</td></tr><tr><td>7</td><td>later years</td><td>1625</td><td>745</td></tr><tr><td>8</td><td>total minimum leasepayments</td><td>$ 3725</td><td>$ 1927</td></tr><tr><td>9</td><td>amount representing interest</td><td>n/a</td><td>-407 ( 407 )</td></tr><tr><td>10</td><td>present value of minimum leasepayments</td><td>n/a</td><td>$ 1520</td></tr></table> approximately 95% ( 95 % ) of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 593 million in 2014 , $ 618 million in 2013 , and $ 631 million in 2012 . when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term . contingent rentals and sub-rentals are not significant . 18 . commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries . we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity ; however , to the extent possible , where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated , we have recorded a liability . we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters . personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year . we use an actuarial analysis to measure the expense and liability , including unasserted claims . the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents . under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements . we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at work . our personal injury liability is not discounted to present value due to the uncertainty surrounding the timing of future payments . approximately 93% ( 93 % ) of the recorded liability is related to asserted claims and approximately 7% ( 7 % ) is related to unasserted claims at december 31 , 2014 . because of the uncertainty .
Question: what is the total minimum lease payments for operating leases?
Answer: 3725.0
Question: what is the total for capital leases?
| 1927.0 |
CONVFINQA7443 | 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.
direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies . additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase options are not considered to be potentially significant to the vies . the future minimum lease payments associated with the vie leases totaled $ 3.0 billion as of december 31 , 2014 . 17 . leases we lease certain locomotives , freight cars , and other property . the consolidated statements of financial position as of december 31 , 2014 and 2013 included $ 2454 million , net of $ 1210 million of accumulated depreciation , and $ 2486 million , net of $ 1092 million of accumulated depreciation , respectively , for properties held under capital leases . a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income . future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2014 , were as follows : millions operating leases capital leases . <table class='wikitable'><tr><td>1</td><td>millions</td><td>operatingleases</td><td>capitalleases</td></tr><tr><td>2</td><td>2015</td><td>$ 508</td><td>$ 253</td></tr><tr><td>3</td><td>2016</td><td>484</td><td>249</td></tr><tr><td>4</td><td>2017</td><td>429</td><td>246</td></tr><tr><td>5</td><td>2018</td><td>356</td><td>224</td></tr><tr><td>6</td><td>2019</td><td>323</td><td>210</td></tr><tr><td>7</td><td>later years</td><td>1625</td><td>745</td></tr><tr><td>8</td><td>total minimum leasepayments</td><td>$ 3725</td><td>$ 1927</td></tr><tr><td>9</td><td>amount representing interest</td><td>n/a</td><td>-407 ( 407 )</td></tr><tr><td>10</td><td>present value of minimum leasepayments</td><td>n/a</td><td>$ 1520</td></tr></table> approximately 95% ( 95 % ) of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 593 million in 2014 , $ 618 million in 2013 , and $ 631 million in 2012 . when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term . contingent rentals and sub-rentals are not significant . 18 . commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries . we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity ; however , to the extent possible , where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated , we have recorded a liability . we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters . personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year . we use an actuarial analysis to measure the expense and liability , including unasserted claims . the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents . under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements . we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at work . our personal injury liability is not discounted to present value due to the uncertainty surrounding the timing of future payments . approximately 93% ( 93 % ) of the recorded liability is related to asserted claims and approximately 7% ( 7 % ) is related to unasserted claims at december 31 , 2014 . because of the uncertainty .
Question: what is the total minimum lease payments for operating leases?
Answer: 3725.0
Question: what is the total for capital leases?
Answer: 1927.0
Question: what is the sum?
| 5652.0 |
CONVFINQA7444 | 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.
direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies . additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase options are not considered to be potentially significant to the vies . the future minimum lease payments associated with the vie leases totaled $ 3.0 billion as of december 31 , 2014 . 17 . leases we lease certain locomotives , freight cars , and other property . the consolidated statements of financial position as of december 31 , 2014 and 2013 included $ 2454 million , net of $ 1210 million of accumulated depreciation , and $ 2486 million , net of $ 1092 million of accumulated depreciation , respectively , for properties held under capital leases . a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income . future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2014 , were as follows : millions operating leases capital leases . <table class='wikitable'><tr><td>1</td><td>millions</td><td>operatingleases</td><td>capitalleases</td></tr><tr><td>2</td><td>2015</td><td>$ 508</td><td>$ 253</td></tr><tr><td>3</td><td>2016</td><td>484</td><td>249</td></tr><tr><td>4</td><td>2017</td><td>429</td><td>246</td></tr><tr><td>5</td><td>2018</td><td>356</td><td>224</td></tr><tr><td>6</td><td>2019</td><td>323</td><td>210</td></tr><tr><td>7</td><td>later years</td><td>1625</td><td>745</td></tr><tr><td>8</td><td>total minimum leasepayments</td><td>$ 3725</td><td>$ 1927</td></tr><tr><td>9</td><td>amount representing interest</td><td>n/a</td><td>-407 ( 407 )</td></tr><tr><td>10</td><td>present value of minimum leasepayments</td><td>n/a</td><td>$ 1520</td></tr></table> approximately 95% ( 95 % ) of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 593 million in 2014 , $ 618 million in 2013 , and $ 631 million in 2012 . when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term . contingent rentals and sub-rentals are not significant . 18 . commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries . we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity ; however , to the extent possible , where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated , we have recorded a liability . we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters . personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year . we use an actuarial analysis to measure the expense and liability , including unasserted claims . the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents . under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements . we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at work . our personal injury liability is not discounted to present value due to the uncertainty surrounding the timing of future payments . approximately 93% ( 93 % ) of the recorded liability is related to asserted claims and approximately 7% ( 7 % ) is related to unasserted claims at december 31 , 2014 . because of the uncertainty .
Question: what is the total minimum lease payments for operating leases?
Answer: 3725.0
Question: what is the total for capital leases?
Answer: 1927.0
Question: what is the sum?
Answer: 5652.0
Question: what is the total for operating leases over the sum?
| 0.65906 |
CONVFINQA7445 | 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.
challenging investment environment with $ 15.0 billion , or 95% ( 95 % ) , of net inflows coming from institutional clients , with the remaining $ 0.8 billion , or 5% ( 5 % ) , generated by retail and hnw clients . defined contribution plans of institutional clients remained a significant driver of flows . this client group added $ 13.1 billion of net new business in 2012 . during the year , americas net inflows of $ 18.5 billion were partially offset by net outflows of $ 2.6 billion collectively from emea and asia-pacific clients . the company 2019s multi-asset strategies include the following : 2022 asset allocation and balanced products represented 52% ( 52 % ) , or $ 140.2 billion , of multi-asset class aum at year-end , up $ 14.1 billion , with growth in aum driven by net new business of $ 1.6 billion and $ 12.4 billion in market and foreign exchange gains . these strategies combine equity , fixed income and alternative components for investors seeking a tailored solution relative to a specific benchmark and within a risk budget . in certain cases , these strategies seek to minimize downside risk through diversification , derivatives strategies and tactical asset allocation decisions . 2022 target date and target risk products ended the year at $ 69.9 billion , up $ 20.8 billion , or 42% ( 42 % ) , since december 31 , 2011 . growth in aum was driven by net new business of $ 14.5 billion , a year-over-year organic growth rate of 30% ( 30 % ) . institutional investors represented 90% ( 90 % ) of target date and target risk aum , with defined contribution plans accounting for over 80% ( 80 % ) of aum . the remaining 10% ( 10 % ) of target date and target risk aum consisted of retail client investments . flows were driven by defined contribution investments in our lifepath and lifepath retirement income ae offerings , which are qualified investment options under the pension protection act of 2006 . these products utilize a proprietary asset allocation model that seeks to balance risk and return over an investment horizon based on the investor 2019s expected retirement timing . 2022 fiduciary management services accounted for 22% ( 22 % ) , or $ 57.7 billion , of multi-asset aum at december 31 , 2012 and increased $ 7.7 billion during the year due to market and foreign exchange gains . these are complex mandates in which pension plan sponsors retain blackrock to assume responsibility for some or all aspects of plan management . these customized services require strong partnership with the clients 2019 investment staff and trustees in order to tailor investment strategies to meet client-specific risk budgets and return objectives . alternatives component changes in alternatives aum ( dollar amounts in millions ) 12/31/2011 net new business acquired market /fx app ( dep ) 12/31/2012 . <table class='wikitable'><tr><td>1</td><td>( dollar amounts in millions )</td><td>12/31/2011</td><td>net new business</td><td>net acquired</td><td>market /fx app ( dep )</td><td>12/31/2012</td></tr><tr><td>2</td><td>core</td><td>$ 63647</td><td>$ -3922 ( 3922 )</td><td>$ 6166</td><td>$ 2476</td><td>$ 68367</td></tr><tr><td>3</td><td>currency and commodities</td><td>41301</td><td>-1547 ( 1547 )</td><td>860</td><td>814</td><td>41428</td></tr><tr><td>4</td><td>alternatives</td><td>$ 104948</td><td>$ -5469 ( 5469 )</td><td>$ 7026</td><td>$ 3290</td><td>$ 109795</td></tr></table> alternatives aum totaled $ 109.8 billion at year-end 2012 , up $ 4.8 billion , or 5% ( 5 % ) , reflecting $ 3.3 billion in portfolio valuation gains and $ 7.0 billion in new assets related to the acquisitions of srpep , which deepened our alternatives footprint in the european and asian markets , and claymore . core alternative outflows of $ 3.9 billion were driven almost exclusively by return of capital to clients . currency net outflows of $ 5.0 billion were partially offset by net inflows of $ 3.5 billion into ishares commodity funds . we continued to make significant investments in our alternatives platform as demonstrated by our acquisition of srpep , successful closes on the renewable power initiative and our build out of an alternatives retail platform , which now stands at nearly $ 10.0 billion in aum . we believe that as alternatives become more conventional and investors adapt their asset allocation strategies to best meet their investment objectives , they will further increase their use of alternative investments to complement core holdings . institutional investors represented 69% ( 69 % ) , or $ 75.8 billion , of alternatives aum with retail and hnw investors comprising an additional 9% ( 9 % ) , or $ 9.7 billion , at year-end 2012 . ishares commodity products accounted for the remaining $ 24.3 billion , or 22% ( 22 % ) , of aum at year-end . alternative clients are geographically diversified with 56% ( 56 % ) , 26% ( 26 % ) , and 18% ( 18 % ) of clients located in the americas , emea and asia-pacific , respectively . the blackrock alternative investors ( 201cbai 201d ) group coordinates our alternative investment efforts , including .
Question: what was the change in alternative component changes in alternatives from 2011 to 2012?
| 4847.0 |
CONVFINQA7446 | 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.
challenging investment environment with $ 15.0 billion , or 95% ( 95 % ) , of net inflows coming from institutional clients , with the remaining $ 0.8 billion , or 5% ( 5 % ) , generated by retail and hnw clients . defined contribution plans of institutional clients remained a significant driver of flows . this client group added $ 13.1 billion of net new business in 2012 . during the year , americas net inflows of $ 18.5 billion were partially offset by net outflows of $ 2.6 billion collectively from emea and asia-pacific clients . the company 2019s multi-asset strategies include the following : 2022 asset allocation and balanced products represented 52% ( 52 % ) , or $ 140.2 billion , of multi-asset class aum at year-end , up $ 14.1 billion , with growth in aum driven by net new business of $ 1.6 billion and $ 12.4 billion in market and foreign exchange gains . these strategies combine equity , fixed income and alternative components for investors seeking a tailored solution relative to a specific benchmark and within a risk budget . in certain cases , these strategies seek to minimize downside risk through diversification , derivatives strategies and tactical asset allocation decisions . 2022 target date and target risk products ended the year at $ 69.9 billion , up $ 20.8 billion , or 42% ( 42 % ) , since december 31 , 2011 . growth in aum was driven by net new business of $ 14.5 billion , a year-over-year organic growth rate of 30% ( 30 % ) . institutional investors represented 90% ( 90 % ) of target date and target risk aum , with defined contribution plans accounting for over 80% ( 80 % ) of aum . the remaining 10% ( 10 % ) of target date and target risk aum consisted of retail client investments . flows were driven by defined contribution investments in our lifepath and lifepath retirement income ae offerings , which are qualified investment options under the pension protection act of 2006 . these products utilize a proprietary asset allocation model that seeks to balance risk and return over an investment horizon based on the investor 2019s expected retirement timing . 2022 fiduciary management services accounted for 22% ( 22 % ) , or $ 57.7 billion , of multi-asset aum at december 31 , 2012 and increased $ 7.7 billion during the year due to market and foreign exchange gains . these are complex mandates in which pension plan sponsors retain blackrock to assume responsibility for some or all aspects of plan management . these customized services require strong partnership with the clients 2019 investment staff and trustees in order to tailor investment strategies to meet client-specific risk budgets and return objectives . alternatives component changes in alternatives aum ( dollar amounts in millions ) 12/31/2011 net new business acquired market /fx app ( dep ) 12/31/2012 . <table class='wikitable'><tr><td>1</td><td>( dollar amounts in millions )</td><td>12/31/2011</td><td>net new business</td><td>net acquired</td><td>market /fx app ( dep )</td><td>12/31/2012</td></tr><tr><td>2</td><td>core</td><td>$ 63647</td><td>$ -3922 ( 3922 )</td><td>$ 6166</td><td>$ 2476</td><td>$ 68367</td></tr><tr><td>3</td><td>currency and commodities</td><td>41301</td><td>-1547 ( 1547 )</td><td>860</td><td>814</td><td>41428</td></tr><tr><td>4</td><td>alternatives</td><td>$ 104948</td><td>$ -5469 ( 5469 )</td><td>$ 7026</td><td>$ 3290</td><td>$ 109795</td></tr></table> alternatives aum totaled $ 109.8 billion at year-end 2012 , up $ 4.8 billion , or 5% ( 5 % ) , reflecting $ 3.3 billion in portfolio valuation gains and $ 7.0 billion in new assets related to the acquisitions of srpep , which deepened our alternatives footprint in the european and asian markets , and claymore . core alternative outflows of $ 3.9 billion were driven almost exclusively by return of capital to clients . currency net outflows of $ 5.0 billion were partially offset by net inflows of $ 3.5 billion into ishares commodity funds . we continued to make significant investments in our alternatives platform as demonstrated by our acquisition of srpep , successful closes on the renewable power initiative and our build out of an alternatives retail platform , which now stands at nearly $ 10.0 billion in aum . we believe that as alternatives become more conventional and investors adapt their asset allocation strategies to best meet their investment objectives , they will further increase their use of alternative investments to complement core holdings . institutional investors represented 69% ( 69 % ) , or $ 75.8 billion , of alternatives aum with retail and hnw investors comprising an additional 9% ( 9 % ) , or $ 9.7 billion , at year-end 2012 . ishares commodity products accounted for the remaining $ 24.3 billion , or 22% ( 22 % ) , of aum at year-end . alternative clients are geographically diversified with 56% ( 56 % ) , 26% ( 26 % ) , and 18% ( 18 % ) of clients located in the americas , emea and asia-pacific , respectively . the blackrock alternative investors ( 201cbai 201d ) group coordinates our alternative investment efforts , including .
Question: what was the change in alternative component changes in alternatives from 2011 to 2012?
Answer: 4847.0
Question: how much does this change represent in relation to the alternative component changes in alternatives in 2011, in percentage?
| 0.04618 |
CONVFINQA7447 | 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.
echostar communications corporation notes to consolidated financial statements - continued closing price of the class a common stock on the last business day of each calendar quarter in which such shares of class a common stock are deemed sold to an employee under the espp . the espp shall terminate upon the first to occur of ( i ) october 1 , 2007 or ( ii ) the date on which the espp is terminated by the board of directors . during 2000 , 2001 and 2002 employees purchased approximately 58000 ; 80000 and 108000 shares of class a common stock through the espp , respectively . 401 ( k ) employee savings plan echostar sponsors a 401 ( k ) employee savings plan ( the 201c401 ( k ) plan 201d ) for eligible employees . voluntary employee contributions to the 401 ( k ) plan may be matched 50% ( 50 % ) by echostar , subject to a maximum annual contribution by echostar of $ 1000 per employee . matching 401 ( k ) contributions totaled approximately $ 1.6 million , $ 2.1 million and $ 2.4 million during the years ended december 31 , 2000 , 2001 and 2002 , respectively . echostar also may make an annual discretionary contribution to the plan with approval by echostar 2019s board of directors , subject to the maximum deductible limit provided by the internal revenue code of 1986 , as amended . these contributions may be made in cash or in echostar stock . forfeitures of unvested participant balances which are retained by the 401 ( k ) plan may be used to fund matching and discretionary contributions . expense recognized relating to discretionary contributions was approximately $ 7 million , $ 225 thousand and $ 17 million during the years ended december 31 , 2000 , 2001 and 2002 , respectively . 9 . commitments and contingencies leases future minimum lease payments under noncancelable operating leases as of december 31 , 2002 , are as follows ( in thousands ) : year ending december 31 . <table class='wikitable'><tr><td>1</td><td>2003</td><td>$ 17274</td></tr><tr><td>2</td><td>2004</td><td>14424</td></tr><tr><td>3</td><td>2005</td><td>11285</td></tr><tr><td>4</td><td>2006</td><td>7698</td></tr><tr><td>5</td><td>2007</td><td>3668</td></tr><tr><td>6</td><td>thereafter</td><td>1650</td></tr><tr><td>7</td><td>total minimum lease payments</td><td>55999</td></tr></table> total rent expense for operating leases approximated $ 9 million , $ 14 million and $ 16 million in 2000 , 2001 and 2002 , respectively . purchase commitments as of december 31 , 2002 , echostar 2019s purchase commitments totaled approximately $ 359 million . the majority of these commitments relate to echostar receiver systems and related components . all of the purchases related to these commitments are expected to be made during 2003 . echostar expects to finance these purchases from existing unrestricted cash balances and future cash flows generated from operations . patents and intellectual property many entities , including some of echostar 2019s competitors , now have and may in the future obtain patents and other intellectual property rights that cover or affect products or services directly or indirectly related to those that echostar offers . echostar may not be aware of all patents and other intellectual property rights that its products may potentially infringe . damages in patent infringement cases can include a tripling of actual damages in certain cases . further , echostar cannot estimate the extent to which it may be required in the future to obtain licenses with respect to .
Question: what was the rent expense in 2002?
| 16.0 |
CONVFINQA7448 | 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.
echostar communications corporation notes to consolidated financial statements - continued closing price of the class a common stock on the last business day of each calendar quarter in which such shares of class a common stock are deemed sold to an employee under the espp . the espp shall terminate upon the first to occur of ( i ) october 1 , 2007 or ( ii ) the date on which the espp is terminated by the board of directors . during 2000 , 2001 and 2002 employees purchased approximately 58000 ; 80000 and 108000 shares of class a common stock through the espp , respectively . 401 ( k ) employee savings plan echostar sponsors a 401 ( k ) employee savings plan ( the 201c401 ( k ) plan 201d ) for eligible employees . voluntary employee contributions to the 401 ( k ) plan may be matched 50% ( 50 % ) by echostar , subject to a maximum annual contribution by echostar of $ 1000 per employee . matching 401 ( k ) contributions totaled approximately $ 1.6 million , $ 2.1 million and $ 2.4 million during the years ended december 31 , 2000 , 2001 and 2002 , respectively . echostar also may make an annual discretionary contribution to the plan with approval by echostar 2019s board of directors , subject to the maximum deductible limit provided by the internal revenue code of 1986 , as amended . these contributions may be made in cash or in echostar stock . forfeitures of unvested participant balances which are retained by the 401 ( k ) plan may be used to fund matching and discretionary contributions . expense recognized relating to discretionary contributions was approximately $ 7 million , $ 225 thousand and $ 17 million during the years ended december 31 , 2000 , 2001 and 2002 , respectively . 9 . commitments and contingencies leases future minimum lease payments under noncancelable operating leases as of december 31 , 2002 , are as follows ( in thousands ) : year ending december 31 . <table class='wikitable'><tr><td>1</td><td>2003</td><td>$ 17274</td></tr><tr><td>2</td><td>2004</td><td>14424</td></tr><tr><td>3</td><td>2005</td><td>11285</td></tr><tr><td>4</td><td>2006</td><td>7698</td></tr><tr><td>5</td><td>2007</td><td>3668</td></tr><tr><td>6</td><td>thereafter</td><td>1650</td></tr><tr><td>7</td><td>total minimum lease payments</td><td>55999</td></tr></table> total rent expense for operating leases approximated $ 9 million , $ 14 million and $ 16 million in 2000 , 2001 and 2002 , respectively . purchase commitments as of december 31 , 2002 , echostar 2019s purchase commitments totaled approximately $ 359 million . the majority of these commitments relate to echostar receiver systems and related components . all of the purchases related to these commitments are expected to be made during 2003 . echostar expects to finance these purchases from existing unrestricted cash balances and future cash flows generated from operations . patents and intellectual property many entities , including some of echostar 2019s competitors , now have and may in the future obtain patents and other intellectual property rights that cover or affect products or services directly or indirectly related to those that echostar offers . echostar may not be aware of all patents and other intellectual property rights that its products may potentially infringe . damages in patent infringement cases can include a tripling of actual damages in certain cases . further , echostar cannot estimate the extent to which it may be required in the future to obtain licenses with respect to .
Question: what was the rent expense in 2002?
Answer: 16.0
Question: what was is in 2001?
| 14.0 |
CONVFINQA7449 | 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.
echostar communications corporation notes to consolidated financial statements - continued closing price of the class a common stock on the last business day of each calendar quarter in which such shares of class a common stock are deemed sold to an employee under the espp . the espp shall terminate upon the first to occur of ( i ) october 1 , 2007 or ( ii ) the date on which the espp is terminated by the board of directors . during 2000 , 2001 and 2002 employees purchased approximately 58000 ; 80000 and 108000 shares of class a common stock through the espp , respectively . 401 ( k ) employee savings plan echostar sponsors a 401 ( k ) employee savings plan ( the 201c401 ( k ) plan 201d ) for eligible employees . voluntary employee contributions to the 401 ( k ) plan may be matched 50% ( 50 % ) by echostar , subject to a maximum annual contribution by echostar of $ 1000 per employee . matching 401 ( k ) contributions totaled approximately $ 1.6 million , $ 2.1 million and $ 2.4 million during the years ended december 31 , 2000 , 2001 and 2002 , respectively . echostar also may make an annual discretionary contribution to the plan with approval by echostar 2019s board of directors , subject to the maximum deductible limit provided by the internal revenue code of 1986 , as amended . these contributions may be made in cash or in echostar stock . forfeitures of unvested participant balances which are retained by the 401 ( k ) plan may be used to fund matching and discretionary contributions . expense recognized relating to discretionary contributions was approximately $ 7 million , $ 225 thousand and $ 17 million during the years ended december 31 , 2000 , 2001 and 2002 , respectively . 9 . commitments and contingencies leases future minimum lease payments under noncancelable operating leases as of december 31 , 2002 , are as follows ( in thousands ) : year ending december 31 . <table class='wikitable'><tr><td>1</td><td>2003</td><td>$ 17274</td></tr><tr><td>2</td><td>2004</td><td>14424</td></tr><tr><td>3</td><td>2005</td><td>11285</td></tr><tr><td>4</td><td>2006</td><td>7698</td></tr><tr><td>5</td><td>2007</td><td>3668</td></tr><tr><td>6</td><td>thereafter</td><td>1650</td></tr><tr><td>7</td><td>total minimum lease payments</td><td>55999</td></tr></table> total rent expense for operating leases approximated $ 9 million , $ 14 million and $ 16 million in 2000 , 2001 and 2002 , respectively . purchase commitments as of december 31 , 2002 , echostar 2019s purchase commitments totaled approximately $ 359 million . the majority of these commitments relate to echostar receiver systems and related components . all of the purchases related to these commitments are expected to be made during 2003 . echostar expects to finance these purchases from existing unrestricted cash balances and future cash flows generated from operations . patents and intellectual property many entities , including some of echostar 2019s competitors , now have and may in the future obtain patents and other intellectual property rights that cover or affect products or services directly or indirectly related to those that echostar offers . echostar may not be aware of all patents and other intellectual property rights that its products may potentially infringe . damages in patent infringement cases can include a tripling of actual damages in certain cases . further , echostar cannot estimate the extent to which it may be required in the future to obtain licenses with respect to .
Question: what was the rent expense in 2002?
Answer: 16.0
Question: what was is in 2001?
Answer: 14.0
Question: what is the net change?
| 2.0 |
CONVFINQA7450 | 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.
echostar communications corporation notes to consolidated financial statements - continued closing price of the class a common stock on the last business day of each calendar quarter in which such shares of class a common stock are deemed sold to an employee under the espp . the espp shall terminate upon the first to occur of ( i ) october 1 , 2007 or ( ii ) the date on which the espp is terminated by the board of directors . during 2000 , 2001 and 2002 employees purchased approximately 58000 ; 80000 and 108000 shares of class a common stock through the espp , respectively . 401 ( k ) employee savings plan echostar sponsors a 401 ( k ) employee savings plan ( the 201c401 ( k ) plan 201d ) for eligible employees . voluntary employee contributions to the 401 ( k ) plan may be matched 50% ( 50 % ) by echostar , subject to a maximum annual contribution by echostar of $ 1000 per employee . matching 401 ( k ) contributions totaled approximately $ 1.6 million , $ 2.1 million and $ 2.4 million during the years ended december 31 , 2000 , 2001 and 2002 , respectively . echostar also may make an annual discretionary contribution to the plan with approval by echostar 2019s board of directors , subject to the maximum deductible limit provided by the internal revenue code of 1986 , as amended . these contributions may be made in cash or in echostar stock . forfeitures of unvested participant balances which are retained by the 401 ( k ) plan may be used to fund matching and discretionary contributions . expense recognized relating to discretionary contributions was approximately $ 7 million , $ 225 thousand and $ 17 million during the years ended december 31 , 2000 , 2001 and 2002 , respectively . 9 . commitments and contingencies leases future minimum lease payments under noncancelable operating leases as of december 31 , 2002 , are as follows ( in thousands ) : year ending december 31 . <table class='wikitable'><tr><td>1</td><td>2003</td><td>$ 17274</td></tr><tr><td>2</td><td>2004</td><td>14424</td></tr><tr><td>3</td><td>2005</td><td>11285</td></tr><tr><td>4</td><td>2006</td><td>7698</td></tr><tr><td>5</td><td>2007</td><td>3668</td></tr><tr><td>6</td><td>thereafter</td><td>1650</td></tr><tr><td>7</td><td>total minimum lease payments</td><td>55999</td></tr></table> total rent expense for operating leases approximated $ 9 million , $ 14 million and $ 16 million in 2000 , 2001 and 2002 , respectively . purchase commitments as of december 31 , 2002 , echostar 2019s purchase commitments totaled approximately $ 359 million . the majority of these commitments relate to echostar receiver systems and related components . all of the purchases related to these commitments are expected to be made during 2003 . echostar expects to finance these purchases from existing unrestricted cash balances and future cash flows generated from operations . patents and intellectual property many entities , including some of echostar 2019s competitors , now have and may in the future obtain patents and other intellectual property rights that cover or affect products or services directly or indirectly related to those that echostar offers . echostar may not be aware of all patents and other intellectual property rights that its products may potentially infringe . damages in patent infringement cases can include a tripling of actual damages in certain cases . further , echostar cannot estimate the extent to which it may be required in the future to obtain licenses with respect to .
Question: what was the rent expense in 2002?
Answer: 16.0
Question: what was is in 2001?
Answer: 14.0
Question: what is the net change?
Answer: 2.0
Question: what is the percent change?
| 0.14286 |
CONVFINQA7451 | 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.
russia and europe . average sales price realizations for uncoated freesheet paper decreased in both europe and russia , reflecting weak economic conditions and soft market demand . in russia , sales prices in rubles increased , but this improvement is masked by the impact of the currency depreciation against the u.s . dollar . input costs were significantly higher for wood in both europe and russia , partially offset by lower chemical costs . planned maintenance downtime costs were $ 11 million lower in 2014 than in 2013 . manufacturing and other operating costs were favorable . entering 2015 , sales volumes in the first quarter are expected to be seasonally weaker in russia , and about flat in europe . average sales price realizations for uncoated freesheet paper are expected to remain steady in europe , but increase in russia . input costs should be lower for oil and wood , partially offset by higher chemicals costs . indian papers net sales were $ 178 million in 2014 , $ 185 million ( $ 174 million excluding excise duties which were included in net sales in 2013 and prior periods ) in 2013 and $ 185 million ( $ 178 million excluding excise duties ) in 2012 . operating profits were $ 8 million ( a loss of $ 12 million excluding a gain related to the resolution of a legal contingency ) in 2014 , a loss of $ 145 million ( a loss of $ 22 million excluding goodwill and trade name impairment charges ) in 2013 and a loss of $ 16 million in 2012 . average sales price realizations improved in 2014 compared with 2013 due to the impact of price increases implemented in 2013 . sales volumes were flat , reflecting weak economic conditions . input costs were higher , primarily for wood . operating costs and planned maintenance downtime costs were lower in 2014 . looking ahead to the first quarter of 2015 , sales volumes are expected to be seasonally higher . average sales price realizations are expected to decrease due to competitive pressures . asian printing papers net sales were $ 59 million in 2014 , $ 90 million in 2013 and $ 85 million in 2012 . operating profits were $ 0 million in 2014 and $ 1 million in both 2013 and 2012 . u.s . pulp net sales were $ 895 million in 2014 compared with $ 815 million in 2013 and $ 725 million in 2012 . operating profits were $ 57 million in 2014 compared with $ 2 million in 2013 and a loss of $ 59 million in 2012 . sales volumes in 2014 increased from 2013 for both fluff pulp and market pulp reflecting improved market demand . average sales price realizations increased significantly for fluff pulp , while prices for market pulp were also higher . input costs for wood and energy were higher . operating costs were lower , but planned maintenance downtime costs were $ 1 million higher . compared with the fourth quarter of 2014 , sales volumes in the first quarter of 2015 , are expected to decrease for market pulp , but be slightly higher for fluff pulp . average sales price realizations are expected to to be stable for fluff pulp and softwood market pulp , while hardwood market pulp prices are expected to improve . input costs should be flat . planned maintenance downtime costs should be about $ 13 million higher than in the fourth quarter of 2014 . consumer packaging demand and pricing for consumer packaging products correlate closely with consumer spending and general economic activity . in addition to prices and volumes , major factors affecting the profitability of consumer packaging are raw material and energy costs , freight costs , manufacturing efficiency and product mix . consumer packaging net sales in 2014 decreased 1% ( 1 % ) from 2013 , but increased 7% ( 7 % ) from 2012 . operating profits increased 11% ( 11 % ) from 2013 , but decreased 34% ( 34 % ) from 2012 . excluding sheet plant closure costs , costs associated with the permanent shutdown of a paper machine at our augusta , georgia mill and costs related to the sale of the shorewood business , 2014 operating profits were 11% ( 11 % ) lower than in 2013 , and 30% ( 30 % ) lower than in 2012 . benefits from higher average sales price realizations and a favorable mix ( $ 60 million ) were offset by lower sales volumes ( $ 11 million ) , higher operating costs ( $ 9 million ) , higher planned maintenance downtime costs ( $ 12 million ) , higher input costs ( $ 43 million ) and higher other costs ( $ 7 million ) . in addition , operating profits in 2014 include $ 8 million of costs associated with sheet plant closures , while operating profits in 2013 include costs of $ 45 million related to the permanent shutdown of a paper machine at our augusta , georgia mill and $ 2 million of costs associated with the sale of the shorewood business . consumer packaging . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>sales</td><td>$ 3403</td><td>$ 3435</td><td>$ 3170</td></tr><tr><td>3</td><td>operating profit</td><td>178</td><td>161</td><td>268</td></tr></table> north american consumer packaging net sales were $ 2.0 billion in 2014 compared with $ 2.0 billion in 2013 and $ 2.0 billion in 2012 . operating profits were $ 92 million ( $ 100 million excluding sheet plant closure costs ) in 2014 compared with $ 63 million ( $ 110 million excluding paper machine shutdown costs and costs related to the sale of the shorewood business ) in 2013 and $ 165 million ( $ 162 million excluding a gain associated with the sale of the shorewood business in 2012 ) . coated paperboard sales volumes in 2014 were lower than in 2013 reflecting weaker market demand . the business took about 41000 tons of market-related downtime in 2014 compared with about 24000 tons in 2013 . average sales price realizations increased year- .
Question: what is 2 times 1000?
| 2000.0 |
CONVFINQA7452 | 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.
russia and europe . average sales price realizations for uncoated freesheet paper decreased in both europe and russia , reflecting weak economic conditions and soft market demand . in russia , sales prices in rubles increased , but this improvement is masked by the impact of the currency depreciation against the u.s . dollar . input costs were significantly higher for wood in both europe and russia , partially offset by lower chemical costs . planned maintenance downtime costs were $ 11 million lower in 2014 than in 2013 . manufacturing and other operating costs were favorable . entering 2015 , sales volumes in the first quarter are expected to be seasonally weaker in russia , and about flat in europe . average sales price realizations for uncoated freesheet paper are expected to remain steady in europe , but increase in russia . input costs should be lower for oil and wood , partially offset by higher chemicals costs . indian papers net sales were $ 178 million in 2014 , $ 185 million ( $ 174 million excluding excise duties which were included in net sales in 2013 and prior periods ) in 2013 and $ 185 million ( $ 178 million excluding excise duties ) in 2012 . operating profits were $ 8 million ( a loss of $ 12 million excluding a gain related to the resolution of a legal contingency ) in 2014 , a loss of $ 145 million ( a loss of $ 22 million excluding goodwill and trade name impairment charges ) in 2013 and a loss of $ 16 million in 2012 . average sales price realizations improved in 2014 compared with 2013 due to the impact of price increases implemented in 2013 . sales volumes were flat , reflecting weak economic conditions . input costs were higher , primarily for wood . operating costs and planned maintenance downtime costs were lower in 2014 . looking ahead to the first quarter of 2015 , sales volumes are expected to be seasonally higher . average sales price realizations are expected to decrease due to competitive pressures . asian printing papers net sales were $ 59 million in 2014 , $ 90 million in 2013 and $ 85 million in 2012 . operating profits were $ 0 million in 2014 and $ 1 million in both 2013 and 2012 . u.s . pulp net sales were $ 895 million in 2014 compared with $ 815 million in 2013 and $ 725 million in 2012 . operating profits were $ 57 million in 2014 compared with $ 2 million in 2013 and a loss of $ 59 million in 2012 . sales volumes in 2014 increased from 2013 for both fluff pulp and market pulp reflecting improved market demand . average sales price realizations increased significantly for fluff pulp , while prices for market pulp were also higher . input costs for wood and energy were higher . operating costs were lower , but planned maintenance downtime costs were $ 1 million higher . compared with the fourth quarter of 2014 , sales volumes in the first quarter of 2015 , are expected to decrease for market pulp , but be slightly higher for fluff pulp . average sales price realizations are expected to to be stable for fluff pulp and softwood market pulp , while hardwood market pulp prices are expected to improve . input costs should be flat . planned maintenance downtime costs should be about $ 13 million higher than in the fourth quarter of 2014 . consumer packaging demand and pricing for consumer packaging products correlate closely with consumer spending and general economic activity . in addition to prices and volumes , major factors affecting the profitability of consumer packaging are raw material and energy costs , freight costs , manufacturing efficiency and product mix . consumer packaging net sales in 2014 decreased 1% ( 1 % ) from 2013 , but increased 7% ( 7 % ) from 2012 . operating profits increased 11% ( 11 % ) from 2013 , but decreased 34% ( 34 % ) from 2012 . excluding sheet plant closure costs , costs associated with the permanent shutdown of a paper machine at our augusta , georgia mill and costs related to the sale of the shorewood business , 2014 operating profits were 11% ( 11 % ) lower than in 2013 , and 30% ( 30 % ) lower than in 2012 . benefits from higher average sales price realizations and a favorable mix ( $ 60 million ) were offset by lower sales volumes ( $ 11 million ) , higher operating costs ( $ 9 million ) , higher planned maintenance downtime costs ( $ 12 million ) , higher input costs ( $ 43 million ) and higher other costs ( $ 7 million ) . in addition , operating profits in 2014 include $ 8 million of costs associated with sheet plant closures , while operating profits in 2013 include costs of $ 45 million related to the permanent shutdown of a paper machine at our augusta , georgia mill and $ 2 million of costs associated with the sale of the shorewood business . consumer packaging . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>sales</td><td>$ 3403</td><td>$ 3435</td><td>$ 3170</td></tr><tr><td>3</td><td>operating profit</td><td>178</td><td>161</td><td>268</td></tr></table> north american consumer packaging net sales were $ 2.0 billion in 2014 compared with $ 2.0 billion in 2013 and $ 2.0 billion in 2012 . operating profits were $ 92 million ( $ 100 million excluding sheet plant closure costs ) in 2014 compared with $ 63 million ( $ 110 million excluding paper machine shutdown costs and costs related to the sale of the shorewood business ) in 2013 and $ 165 million ( $ 162 million excluding a gain associated with the sale of the shorewood business in 2012 ) . coated paperboard sales volumes in 2014 were lower than in 2013 reflecting weaker market demand . the business took about 41000 tons of market-related downtime in 2014 compared with about 24000 tons in 2013 . average sales price realizations increased year- .
Question: what is 2 times 1000?
Answer: 2000.0
Question: what is that divided by 2013 sales?
| 0.58224 |
CONVFINQA7453 | 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.
royal caribbean cruises ltd . notes to the consolidated financial statements 2014 ( continued ) note 9 . stock-based employee compensation we have four stock-based compensation plans , which provide for awards to our officers , directors and key employees . the plans consist of a 1990 employee stock option plan , a 1995 incentive stock option plan , a 2000 stock award plan , and a 2008 equity plan . the 1990 stock option plan and the 1995 incentive stock option plan terminated by their terms in march 2000 and february 2005 , respectively . the 2000 stock award plan , as amended , and the 2008 equity plan provide for the issuance of ( i ) incentive and non-qualified stock options , ( ii ) stock appreciation rights , ( iii ) restricted stock , ( iv ) restricted stock units and ( v ) up to 13000000 performance shares of our common stock for the 2000 stock award plan and up to 5000000 performance shares of our common stock for the 2008 equity plan . during any calendar year , no one individual shall be granted awards of more than 500000 shares . options and restricted stock units outstanding as of december 31 , 2009 vest in equal installments over four to five years from the date of grant . generally , options and restricted stock units are forfeited if the recipient ceases to be a director or employee before the shares vest . options are granted at a price not less than the fair value of the shares on the date of grant and expire not later than ten years after the date of grant . we also provide an employee stock purchase plan to facilitate the purchase by employees of up to 800000 shares of common stock in the aggregate . offerings to employees are made on a quarterly basis . subject to certain limitations , the purchase price for each share of common stock is equal to 90% ( 90 % ) of the average of the market prices of the common stock as reported on the new york stock exchange on the first business day of the purchase period and the last business day of each month of the purchase period . shares of common stock of 65005 , 36836 and 20759 were issued under the espp at a weighted-average price of $ 12.78 , $ 20.97 and $ 37.25 during 2009 , 2008 and 2007 , respectively . under the chief executive officer 2019s employment agreement we contributed 10086 shares of our common stock quarterly , to a maximum of 806880 shares , to a trust on his behalf . in january 2009 , the employment agreement and related trust agreement were amended . consequently , 768018 shares were distributed from the trust and future quarterly share distributions are issued directly to the chief executive officer . total compensation expenses recognized for employee stock-based compensation for the year ended december 31 , 2009 was $ 16.8 million . of this amount , $ 16.2 million was included within marketing , selling and administrative expenses and $ 0.6 million was included within payroll and related expenses . total compensation expense recognized for employee stock-based compensation for the year ended december 31 , 2008 was $ 5.7 million . of this amount , $ 6.4 million , which included a benefit of approximately $ 8.2 million due to a change in the employee forfeiture rate assumption was included within marketing , selling and administrative expenses and income of $ 0.7 million was included within payroll and related expenses which also included a benefit of approximately $ 1.0 million due to the change in the forfeiture rate . total compensation expenses recognized for employee stock-based compensation for the year ended december 31 , 2007 was $ 19.0 million . of this amount , $ 16.3 million was included within marketing , selling and administrative expenses and $ 2.7 million was included within payroll and related expenses . the fair value of each stock option grant is estimated on the date of grant using the black-scholes option pricing model . the estimated fair value of stock options , less estimated forfeitures , is amortized over the vesting period using the graded-vesting method . the assumptions used in the black-scholes option-pricing model are as follows : expected volatility was based on a combination of historical and implied volatilities . the risk-free interest rate is based on united states treasury zero coupon issues with a remaining term equal to the expected option life assumed at the date of grant . the expected term was calculated based on historical experience and represents the time period options actually remain outstanding . we estimate forfeitures based on historical pre-vesting forfeiture rates and revise those estimates as appropriate to reflect actual experience . in 2008 , we increased our estimated forfeiture rate from 4% ( 4 % ) for options and 8.5% ( 8.5 % ) for restricted stock units to 20% ( 20 % ) to reflect changes in employee retention rates. . <table class='wikitable'><tr><td>1</td><td>-</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>dividend yield</td><td>0.0% ( 0.0 % )</td><td>1.9% ( 1.9 % )</td><td>1.3% ( 1.3 % )</td></tr><tr><td>3</td><td>expected stock price volatility</td><td>55.0% ( 55.0 % )</td><td>31.4% ( 31.4 % )</td><td>28.0% ( 28.0 % )</td></tr><tr><td>4</td><td>risk-free interest rate</td><td>1.8% ( 1.8 % )</td><td>2.8% ( 2.8 % )</td><td>4.8% ( 4.8 % )</td></tr><tr><td>5</td><td>expected option life</td><td>5 years</td><td>5 years</td><td>5 years</td></tr></table> .
Question: what was the difference between the expected stock price volatility of the years of 2009 and 2008?
| 23.6 |
CONVFINQA7454 | 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.
royal caribbean cruises ltd . notes to the consolidated financial statements 2014 ( continued ) note 9 . stock-based employee compensation we have four stock-based compensation plans , which provide for awards to our officers , directors and key employees . the plans consist of a 1990 employee stock option plan , a 1995 incentive stock option plan , a 2000 stock award plan , and a 2008 equity plan . the 1990 stock option plan and the 1995 incentive stock option plan terminated by their terms in march 2000 and february 2005 , respectively . the 2000 stock award plan , as amended , and the 2008 equity plan provide for the issuance of ( i ) incentive and non-qualified stock options , ( ii ) stock appreciation rights , ( iii ) restricted stock , ( iv ) restricted stock units and ( v ) up to 13000000 performance shares of our common stock for the 2000 stock award plan and up to 5000000 performance shares of our common stock for the 2008 equity plan . during any calendar year , no one individual shall be granted awards of more than 500000 shares . options and restricted stock units outstanding as of december 31 , 2009 vest in equal installments over four to five years from the date of grant . generally , options and restricted stock units are forfeited if the recipient ceases to be a director or employee before the shares vest . options are granted at a price not less than the fair value of the shares on the date of grant and expire not later than ten years after the date of grant . we also provide an employee stock purchase plan to facilitate the purchase by employees of up to 800000 shares of common stock in the aggregate . offerings to employees are made on a quarterly basis . subject to certain limitations , the purchase price for each share of common stock is equal to 90% ( 90 % ) of the average of the market prices of the common stock as reported on the new york stock exchange on the first business day of the purchase period and the last business day of each month of the purchase period . shares of common stock of 65005 , 36836 and 20759 were issued under the espp at a weighted-average price of $ 12.78 , $ 20.97 and $ 37.25 during 2009 , 2008 and 2007 , respectively . under the chief executive officer 2019s employment agreement we contributed 10086 shares of our common stock quarterly , to a maximum of 806880 shares , to a trust on his behalf . in january 2009 , the employment agreement and related trust agreement were amended . consequently , 768018 shares were distributed from the trust and future quarterly share distributions are issued directly to the chief executive officer . total compensation expenses recognized for employee stock-based compensation for the year ended december 31 , 2009 was $ 16.8 million . of this amount , $ 16.2 million was included within marketing , selling and administrative expenses and $ 0.6 million was included within payroll and related expenses . total compensation expense recognized for employee stock-based compensation for the year ended december 31 , 2008 was $ 5.7 million . of this amount , $ 6.4 million , which included a benefit of approximately $ 8.2 million due to a change in the employee forfeiture rate assumption was included within marketing , selling and administrative expenses and income of $ 0.7 million was included within payroll and related expenses which also included a benefit of approximately $ 1.0 million due to the change in the forfeiture rate . total compensation expenses recognized for employee stock-based compensation for the year ended december 31 , 2007 was $ 19.0 million . of this amount , $ 16.3 million was included within marketing , selling and administrative expenses and $ 2.7 million was included within payroll and related expenses . the fair value of each stock option grant is estimated on the date of grant using the black-scholes option pricing model . the estimated fair value of stock options , less estimated forfeitures , is amortized over the vesting period using the graded-vesting method . the assumptions used in the black-scholes option-pricing model are as follows : expected volatility was based on a combination of historical and implied volatilities . the risk-free interest rate is based on united states treasury zero coupon issues with a remaining term equal to the expected option life assumed at the date of grant . the expected term was calculated based on historical experience and represents the time period options actually remain outstanding . we estimate forfeitures based on historical pre-vesting forfeiture rates and revise those estimates as appropriate to reflect actual experience . in 2008 , we increased our estimated forfeiture rate from 4% ( 4 % ) for options and 8.5% ( 8.5 % ) for restricted stock units to 20% ( 20 % ) to reflect changes in employee retention rates. . <table class='wikitable'><tr><td>1</td><td>-</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>dividend yield</td><td>0.0% ( 0.0 % )</td><td>1.9% ( 1.9 % )</td><td>1.3% ( 1.3 % )</td></tr><tr><td>3</td><td>expected stock price volatility</td><td>55.0% ( 55.0 % )</td><td>31.4% ( 31.4 % )</td><td>28.0% ( 28.0 % )</td></tr><tr><td>4</td><td>risk-free interest rate</td><td>1.8% ( 1.8 % )</td><td>2.8% ( 2.8 % )</td><td>4.8% ( 4.8 % )</td></tr><tr><td>5</td><td>expected option life</td><td>5 years</td><td>5 years</td><td>5 years</td></tr></table> .
Question: what was the difference between the expected stock price volatility of the years of 2009 and 2008?
Answer: 23.6
Question: how much does that difference represent in relation to the 2008 expected stock price volatility, in percentage?
| 0.75159 |
CONVFINQA7455 | 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 a0ii item a05 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities our common stock is listed on the new york stock exchange under the symbol 201ctfx . 201d as of february 19 , 2019 , we had 473 holders of record of our common stock . a substantially greater number of holders of our common stock are beneficial owners whose shares are held by brokers and other financial institutions for the accounts of beneficial owners . stock performance graph the following graph provides a comparison of five year cumulative total stockholder returns of teleflex common stock , the standard a0& poor 2019s ( s&p ) 500 stock index and the s&p 500 healthcare equipment & supply index . the annual changes for the five-year period shown on the graph are based on the assumption that $ 100 had been invested in teleflex common stock and each index on december a031 , 2013 and that all dividends were reinvested . market performance . <table class='wikitable'><tr><td>1</td><td>company / index</td><td>2013</td><td>2014</td><td>2015</td><td>2016</td><td>2017</td><td>2018</td></tr><tr><td>2</td><td>teleflex incorporated</td><td>100</td><td>124</td><td>143</td><td>177</td><td>275</td><td>288</td></tr><tr><td>3</td><td>s&p 500 index</td><td>100</td><td>114</td><td>115</td><td>129</td><td>157</td><td>150</td></tr><tr><td>4</td><td>s&p 500 healthcare equipment & supply index</td><td>100</td><td>126</td><td>134</td><td>142</td><td>186</td><td>213</td></tr></table> s&p 500 healthcare equipment & supply index 100 126 134 142 186 213 .
Question: what was the change in price of teleflex incorporated from 2014 to 2015?
| 19.0 |
CONVFINQA7456 | 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 a0ii item a05 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities our common stock is listed on the new york stock exchange under the symbol 201ctfx . 201d as of february 19 , 2019 , we had 473 holders of record of our common stock . a substantially greater number of holders of our common stock are beneficial owners whose shares are held by brokers and other financial institutions for the accounts of beneficial owners . stock performance graph the following graph provides a comparison of five year cumulative total stockholder returns of teleflex common stock , the standard a0& poor 2019s ( s&p ) 500 stock index and the s&p 500 healthcare equipment & supply index . the annual changes for the five-year period shown on the graph are based on the assumption that $ 100 had been invested in teleflex common stock and each index on december a031 , 2013 and that all dividends were reinvested . market performance . <table class='wikitable'><tr><td>1</td><td>company / index</td><td>2013</td><td>2014</td><td>2015</td><td>2016</td><td>2017</td><td>2018</td></tr><tr><td>2</td><td>teleflex incorporated</td><td>100</td><td>124</td><td>143</td><td>177</td><td>275</td><td>288</td></tr><tr><td>3</td><td>s&p 500 index</td><td>100</td><td>114</td><td>115</td><td>129</td><td>157</td><td>150</td></tr><tr><td>4</td><td>s&p 500 healthcare equipment & supply index</td><td>100</td><td>126</td><td>134</td><td>142</td><td>186</td><td>213</td></tr></table> s&p 500 healthcare equipment & supply index 100 126 134 142 186 213 .
Question: what was the change in price of teleflex incorporated from 2014 to 2015?
Answer: 19.0
Question: what is the percent change?
| 0.15323 |
CONVFINQA7457 | 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.
pullmantur during 2013 , we operated four ships with an aggre- gate capacity of approximately 7650 berths under our pullmantur brand , offering cruise itineraries that ranged from four to 12 nights throughout south america , the caribbean and europe . one of these ships , zenith , was redeployed from pullmantur to cdf croisi e8res de france in january 2014 . pullmantur serves the contemporary segment of the spanish , portuguese and latin american cruise markets . pullmantur 2019s strategy is to attract cruise guests from these target markets by providing a variety of cruising options and onboard activities directed at couples and families traveling with children . over the last few years , pullmantur has systematically increased its focus on latin america . in recognition of this , pullmantur recently opened a regional head office in panama to place the operating management closer to its largest and fastest growing market . in order to facilitate pullmantur 2019s ability to focus on its core cruise business , in december 2013 , pullmantur reached an agreement to sell the majority of its inter- est in its land-based tour operations , travel agency and pullmantur air , the closing of which is subject to customary closing conditions . in connection with the agreement , we will retain a 19% ( 19 % ) interest in the non-core businesses . we will retain ownership of the pullmantur aircraft which will be dry leased to pullmantur air . cdf croisi e8res de france in january 2014 , we redeployed zenith from pullmantur to cdf croisi e8res de france . as a result , as of january 2014 , we operate two ships with an aggregate capac- ity of approximately 2750 berths under our cdf croisi e8res de france brand . during the summer of 2014 , cdf croisi e8res de france will operate both ships in europe and , for the first time , the brand will operate in the caribbean during the winter of 2014 . in addition , cdf croisi e8res de france offers seasonal itineraries to the mediterranean . cdf croisi e8res de france is designed to serve the contemporary seg- ment of the french cruise market by providing a brand tailored for french cruise guests . tui cruises tui cruises is designed to serve the contemporary and premium segments of the german cruise market by offering a product tailored for german guests . all onboard activities , services , shore excursions and menu offerings are designed to suit the preferences of this target market . tui cruises operates two ships , mein schiff 1 and mein schiff 2 , with an aggregate capacity of approximately 3800 berths . in addition , tui cruises has two ships on order , each with a capacity of 2500 berths , scheduled for delivery in the second quarter of 2014 and second quarter of 2015 . tui cruises is a joint venture owned 50% ( 50 % ) by us and 50% ( 50 % ) by tui ag , a german tourism and shipping company that also owns 51% ( 51 % ) of tui travel , a british tourism company . industry cruising is considered a well-established vacation sector in the north american market , a growing sec- tor over the long-term in the european market and a developing but promising sector in several other emerging markets . industry data indicates that market penetration rates are still low and that a significant portion of cruise guests carried are first-time cruisers . we believe this presents an opportunity for long-term growth and a potential for increased profitability . the following table details market penetration rates for north america and europe computed based on the number of annual cruise guests as a percentage of the total population : america ( 1 ) europe ( 2 ) . <table class='wikitable'><tr><td>1</td><td>year</td><td>north america ( 1 )</td><td>europe ( 2 )</td></tr><tr><td>2</td><td>2009</td><td>3.0% ( 3.0 % )</td><td>1.0% ( 1.0 % )</td></tr><tr><td>3</td><td>2010</td><td>3.1% ( 3.1 % )</td><td>1.1% ( 1.1 % )</td></tr><tr><td>4</td><td>2011</td><td>3.4% ( 3.4 % )</td><td>1.1% ( 1.1 % )</td></tr><tr><td>5</td><td>2012</td><td>3.3% ( 3.3 % )</td><td>1.2% ( 1.2 % )</td></tr><tr><td>6</td><td>2013</td><td>3.4% ( 3.4 % )</td><td>1.2% ( 1.2 % )</td></tr></table> ( 1 ) source : international monetary fund and cruise line international association based on cruise guests carried for at least two con- secutive nights for years 2009 through 2012 . year 2013 amounts represent our estimates . includes the united states of america and canada . ( 2 ) source : international monetary fund and clia europe , formerly european cruise council , for years 2009 through 2012 . year 2013 amounts represent our estimates . we estimate that the global cruise fleet was served by approximately 436000 berths on approximately 269 ships at the end of 2013 . there are approximately 26 ships with an estimated 71000 berths that are expected to be placed in service in the global cruise market between 2014 and 2018 , although it is also possible that ships could be ordered or taken out of service during these periods . we estimate that the global cruise industry carried 21.3 million cruise guests in 2013 compared to 20.9 million cruise guests carried in 2012 and 20.2 million cruise guests carried in 2011 . part i .
Question: as of 2013, what was the expected number of berths that was to be placed in service in the global cruise market between 2014 and 2018?
| 71000.0 |
CONVFINQA7458 | 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.
pullmantur during 2013 , we operated four ships with an aggre- gate capacity of approximately 7650 berths under our pullmantur brand , offering cruise itineraries that ranged from four to 12 nights throughout south america , the caribbean and europe . one of these ships , zenith , was redeployed from pullmantur to cdf croisi e8res de france in january 2014 . pullmantur serves the contemporary segment of the spanish , portuguese and latin american cruise markets . pullmantur 2019s strategy is to attract cruise guests from these target markets by providing a variety of cruising options and onboard activities directed at couples and families traveling with children . over the last few years , pullmantur has systematically increased its focus on latin america . in recognition of this , pullmantur recently opened a regional head office in panama to place the operating management closer to its largest and fastest growing market . in order to facilitate pullmantur 2019s ability to focus on its core cruise business , in december 2013 , pullmantur reached an agreement to sell the majority of its inter- est in its land-based tour operations , travel agency and pullmantur air , the closing of which is subject to customary closing conditions . in connection with the agreement , we will retain a 19% ( 19 % ) interest in the non-core businesses . we will retain ownership of the pullmantur aircraft which will be dry leased to pullmantur air . cdf croisi e8res de france in january 2014 , we redeployed zenith from pullmantur to cdf croisi e8res de france . as a result , as of january 2014 , we operate two ships with an aggregate capac- ity of approximately 2750 berths under our cdf croisi e8res de france brand . during the summer of 2014 , cdf croisi e8res de france will operate both ships in europe and , for the first time , the brand will operate in the caribbean during the winter of 2014 . in addition , cdf croisi e8res de france offers seasonal itineraries to the mediterranean . cdf croisi e8res de france is designed to serve the contemporary seg- ment of the french cruise market by providing a brand tailored for french cruise guests . tui cruises tui cruises is designed to serve the contemporary and premium segments of the german cruise market by offering a product tailored for german guests . all onboard activities , services , shore excursions and menu offerings are designed to suit the preferences of this target market . tui cruises operates two ships , mein schiff 1 and mein schiff 2 , with an aggregate capacity of approximately 3800 berths . in addition , tui cruises has two ships on order , each with a capacity of 2500 berths , scheduled for delivery in the second quarter of 2014 and second quarter of 2015 . tui cruises is a joint venture owned 50% ( 50 % ) by us and 50% ( 50 % ) by tui ag , a german tourism and shipping company that also owns 51% ( 51 % ) of tui travel , a british tourism company . industry cruising is considered a well-established vacation sector in the north american market , a growing sec- tor over the long-term in the european market and a developing but promising sector in several other emerging markets . industry data indicates that market penetration rates are still low and that a significant portion of cruise guests carried are first-time cruisers . we believe this presents an opportunity for long-term growth and a potential for increased profitability . the following table details market penetration rates for north america and europe computed based on the number of annual cruise guests as a percentage of the total population : america ( 1 ) europe ( 2 ) . <table class='wikitable'><tr><td>1</td><td>year</td><td>north america ( 1 )</td><td>europe ( 2 )</td></tr><tr><td>2</td><td>2009</td><td>3.0% ( 3.0 % )</td><td>1.0% ( 1.0 % )</td></tr><tr><td>3</td><td>2010</td><td>3.1% ( 3.1 % )</td><td>1.1% ( 1.1 % )</td></tr><tr><td>4</td><td>2011</td><td>3.4% ( 3.4 % )</td><td>1.1% ( 1.1 % )</td></tr><tr><td>5</td><td>2012</td><td>3.3% ( 3.3 % )</td><td>1.2% ( 1.2 % )</td></tr><tr><td>6</td><td>2013</td><td>3.4% ( 3.4 % )</td><td>1.2% ( 1.2 % )</td></tr></table> ( 1 ) source : international monetary fund and cruise line international association based on cruise guests carried for at least two con- secutive nights for years 2009 through 2012 . year 2013 amounts represent our estimates . includes the united states of america and canada . ( 2 ) source : international monetary fund and clia europe , formerly european cruise council , for years 2009 through 2012 . year 2013 amounts represent our estimates . we estimate that the global cruise fleet was served by approximately 436000 berths on approximately 269 ships at the end of 2013 . there are approximately 26 ships with an estimated 71000 berths that are expected to be placed in service in the global cruise market between 2014 and 2018 , although it is also possible that ships could be ordered or taken out of service during these periods . we estimate that the global cruise industry carried 21.3 million cruise guests in 2013 compared to 20.9 million cruise guests carried in 2012 and 20.2 million cruise guests carried in 2011 . part i .
Question: as of 2013, what was the expected number of berths that was to be placed in service in the global cruise market between 2014 and 2018?
Answer: 71000.0
Question: and what was the total number of berths?
| 436000.0 |
CONVFINQA7459 | 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.
pullmantur during 2013 , we operated four ships with an aggre- gate capacity of approximately 7650 berths under our pullmantur brand , offering cruise itineraries that ranged from four to 12 nights throughout south america , the caribbean and europe . one of these ships , zenith , was redeployed from pullmantur to cdf croisi e8res de france in january 2014 . pullmantur serves the contemporary segment of the spanish , portuguese and latin american cruise markets . pullmantur 2019s strategy is to attract cruise guests from these target markets by providing a variety of cruising options and onboard activities directed at couples and families traveling with children . over the last few years , pullmantur has systematically increased its focus on latin america . in recognition of this , pullmantur recently opened a regional head office in panama to place the operating management closer to its largest and fastest growing market . in order to facilitate pullmantur 2019s ability to focus on its core cruise business , in december 2013 , pullmantur reached an agreement to sell the majority of its inter- est in its land-based tour operations , travel agency and pullmantur air , the closing of which is subject to customary closing conditions . in connection with the agreement , we will retain a 19% ( 19 % ) interest in the non-core businesses . we will retain ownership of the pullmantur aircraft which will be dry leased to pullmantur air . cdf croisi e8res de france in january 2014 , we redeployed zenith from pullmantur to cdf croisi e8res de france . as a result , as of january 2014 , we operate two ships with an aggregate capac- ity of approximately 2750 berths under our cdf croisi e8res de france brand . during the summer of 2014 , cdf croisi e8res de france will operate both ships in europe and , for the first time , the brand will operate in the caribbean during the winter of 2014 . in addition , cdf croisi e8res de france offers seasonal itineraries to the mediterranean . cdf croisi e8res de france is designed to serve the contemporary seg- ment of the french cruise market by providing a brand tailored for french cruise guests . tui cruises tui cruises is designed to serve the contemporary and premium segments of the german cruise market by offering a product tailored for german guests . all onboard activities , services , shore excursions and menu offerings are designed to suit the preferences of this target market . tui cruises operates two ships , mein schiff 1 and mein schiff 2 , with an aggregate capacity of approximately 3800 berths . in addition , tui cruises has two ships on order , each with a capacity of 2500 berths , scheduled for delivery in the second quarter of 2014 and second quarter of 2015 . tui cruises is a joint venture owned 50% ( 50 % ) by us and 50% ( 50 % ) by tui ag , a german tourism and shipping company that also owns 51% ( 51 % ) of tui travel , a british tourism company . industry cruising is considered a well-established vacation sector in the north american market , a growing sec- tor over the long-term in the european market and a developing but promising sector in several other emerging markets . industry data indicates that market penetration rates are still low and that a significant portion of cruise guests carried are first-time cruisers . we believe this presents an opportunity for long-term growth and a potential for increased profitability . the following table details market penetration rates for north america and europe computed based on the number of annual cruise guests as a percentage of the total population : america ( 1 ) europe ( 2 ) . <table class='wikitable'><tr><td>1</td><td>year</td><td>north america ( 1 )</td><td>europe ( 2 )</td></tr><tr><td>2</td><td>2009</td><td>3.0% ( 3.0 % )</td><td>1.0% ( 1.0 % )</td></tr><tr><td>3</td><td>2010</td><td>3.1% ( 3.1 % )</td><td>1.1% ( 1.1 % )</td></tr><tr><td>4</td><td>2011</td><td>3.4% ( 3.4 % )</td><td>1.1% ( 1.1 % )</td></tr><tr><td>5</td><td>2012</td><td>3.3% ( 3.3 % )</td><td>1.2% ( 1.2 % )</td></tr><tr><td>6</td><td>2013</td><td>3.4% ( 3.4 % )</td><td>1.2% ( 1.2 % )</td></tr></table> ( 1 ) source : international monetary fund and cruise line international association based on cruise guests carried for at least two con- secutive nights for years 2009 through 2012 . year 2013 amounts represent our estimates . includes the united states of america and canada . ( 2 ) source : international monetary fund and clia europe , formerly european cruise council , for years 2009 through 2012 . year 2013 amounts represent our estimates . we estimate that the global cruise fleet was served by approximately 436000 berths on approximately 269 ships at the end of 2013 . there are approximately 26 ships with an estimated 71000 berths that are expected to be placed in service in the global cruise market between 2014 and 2018 , although it is also possible that ships could be ordered or taken out of service during these periods . we estimate that the global cruise industry carried 21.3 million cruise guests in 2013 compared to 20.9 million cruise guests carried in 2012 and 20.2 million cruise guests carried in 2011 . part i .
Question: as of 2013, what was the expected number of berths that was to be placed in service in the global cruise market between 2014 and 2018?
Answer: 71000.0
Question: and what was the total number of berths?
Answer: 436000.0
Question: how much, then, does that expected number represent in relation to this total one?
| 0.16284 |
CONVFINQA7460 | 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.
pullmantur during 2013 , we operated four ships with an aggre- gate capacity of approximately 7650 berths under our pullmantur brand , offering cruise itineraries that ranged from four to 12 nights throughout south america , the caribbean and europe . one of these ships , zenith , was redeployed from pullmantur to cdf croisi e8res de france in january 2014 . pullmantur serves the contemporary segment of the spanish , portuguese and latin american cruise markets . pullmantur 2019s strategy is to attract cruise guests from these target markets by providing a variety of cruising options and onboard activities directed at couples and families traveling with children . over the last few years , pullmantur has systematically increased its focus on latin america . in recognition of this , pullmantur recently opened a regional head office in panama to place the operating management closer to its largest and fastest growing market . in order to facilitate pullmantur 2019s ability to focus on its core cruise business , in december 2013 , pullmantur reached an agreement to sell the majority of its inter- est in its land-based tour operations , travel agency and pullmantur air , the closing of which is subject to customary closing conditions . in connection with the agreement , we will retain a 19% ( 19 % ) interest in the non-core businesses . we will retain ownership of the pullmantur aircraft which will be dry leased to pullmantur air . cdf croisi e8res de france in january 2014 , we redeployed zenith from pullmantur to cdf croisi e8res de france . as a result , as of january 2014 , we operate two ships with an aggregate capac- ity of approximately 2750 berths under our cdf croisi e8res de france brand . during the summer of 2014 , cdf croisi e8res de france will operate both ships in europe and , for the first time , the brand will operate in the caribbean during the winter of 2014 . in addition , cdf croisi e8res de france offers seasonal itineraries to the mediterranean . cdf croisi e8res de france is designed to serve the contemporary seg- ment of the french cruise market by providing a brand tailored for french cruise guests . tui cruises tui cruises is designed to serve the contemporary and premium segments of the german cruise market by offering a product tailored for german guests . all onboard activities , services , shore excursions and menu offerings are designed to suit the preferences of this target market . tui cruises operates two ships , mein schiff 1 and mein schiff 2 , with an aggregate capacity of approximately 3800 berths . in addition , tui cruises has two ships on order , each with a capacity of 2500 berths , scheduled for delivery in the second quarter of 2014 and second quarter of 2015 . tui cruises is a joint venture owned 50% ( 50 % ) by us and 50% ( 50 % ) by tui ag , a german tourism and shipping company that also owns 51% ( 51 % ) of tui travel , a british tourism company . industry cruising is considered a well-established vacation sector in the north american market , a growing sec- tor over the long-term in the european market and a developing but promising sector in several other emerging markets . industry data indicates that market penetration rates are still low and that a significant portion of cruise guests carried are first-time cruisers . we believe this presents an opportunity for long-term growth and a potential for increased profitability . the following table details market penetration rates for north america and europe computed based on the number of annual cruise guests as a percentage of the total population : america ( 1 ) europe ( 2 ) . <table class='wikitable'><tr><td>1</td><td>year</td><td>north america ( 1 )</td><td>europe ( 2 )</td></tr><tr><td>2</td><td>2009</td><td>3.0% ( 3.0 % )</td><td>1.0% ( 1.0 % )</td></tr><tr><td>3</td><td>2010</td><td>3.1% ( 3.1 % )</td><td>1.1% ( 1.1 % )</td></tr><tr><td>4</td><td>2011</td><td>3.4% ( 3.4 % )</td><td>1.1% ( 1.1 % )</td></tr><tr><td>5</td><td>2012</td><td>3.3% ( 3.3 % )</td><td>1.2% ( 1.2 % )</td></tr><tr><td>6</td><td>2013</td><td>3.4% ( 3.4 % )</td><td>1.2% ( 1.2 % )</td></tr></table> ( 1 ) source : international monetary fund and cruise line international association based on cruise guests carried for at least two con- secutive nights for years 2009 through 2012 . year 2013 amounts represent our estimates . includes the united states of america and canada . ( 2 ) source : international monetary fund and clia europe , formerly european cruise council , for years 2009 through 2012 . year 2013 amounts represent our estimates . we estimate that the global cruise fleet was served by approximately 436000 berths on approximately 269 ships at the end of 2013 . there are approximately 26 ships with an estimated 71000 berths that are expected to be placed in service in the global cruise market between 2014 and 2018 , although it is also possible that ships could be ordered or taken out of service during these periods . we estimate that the global cruise industry carried 21.3 million cruise guests in 2013 compared to 20.9 million cruise guests carried in 2012 and 20.2 million cruise guests carried in 2011 . part i .
Question: as of 2013, what was the expected number of berths that was to be placed in service in the global cruise market between 2014 and 2018?
Answer: 71000.0
Question: and what was the total number of berths?
Answer: 436000.0
Question: how much, then, does that expected number represent in relation to this total one?
Answer: 0.16284
Question: and concerning the ships operated by tui cruises, what is the average number of berths between them?
| 1900.0 |
CONVFINQA7461 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
of global business , there are many transactions and calculations where the ultimate tax outcome is uncertain . some of these uncertainties arise as a consequence of cost reimbursement arrangements among related entities . although the company believes its estimates are reasonable , no assurance can be given that the final tax outcome of these matters will not be different than that which is reflected in the historical income tax provisions and accruals . such differences could have a material impact on the company 2019s income tax provision and operating results in the period in which such determination is made . on november 4 , 2007 ( the first day of its 2008 fiscal year ) , the company adopted new accounting principles on accounting for uncertain tax positions . these principles require companies to determine whether it is 201cmore likely than not 201d that a tax position will be sustained upon examination by the appropriate taxing authorities before any benefit can be recorded in the financial statements . an uncertain income tax position will not be recognized if it has less than a 50% ( 50 % ) likelihood of being sustained . there were no changes to the company 2019s liabilities for uncertain tax positions as a result of the adoption of these provisions . as of october 30 , 2010 and october 31 , 2009 , the company had a liability of $ 18.4 million and $ 18.2 million , respectively , for gross unrealized tax benefits , all of which , if settled in the company 2019s favor , would lower the company 2019s effective tax rate in the period recorded . in addition , as of october 30 , 2010 and october 31 , 2009 , the company had a liability of approximately $ 9.8 million and $ 8.0 million , respectively , for interest and penalties . the total liability as of october 30 , 2010 and october 31 , 2009 of $ 28.3 million and $ 26.2 million , respectively , for uncertain tax positions is classified as non-current , and is included in other non-current liabilities , because the company believes that the ultimate payment or settlement of these liabilities will not occur within the next twelve months . prior to the adoption of these provisions , these amounts were included in current income tax payable . the company includes interest and penalties related to unrecognized tax benefits within the provision for taxes in the condensed consolidated statements of income , and as a result , no change in classification was made upon adopting these provisions . the condensed consolidated statements of income for fiscal years 2010 , 2009 and 2008 include $ 1.8 million , $ 1.7 million and $ 1.3 million , respectively , of interest and penalties related to these uncertain tax positions . due to the complexity associated with its tax uncertainties , the company cannot make a reasonably reliable estimate as to the period in which it expects to settle the liabilities associated with these uncertain tax positions . the following table summarizes the changes in the total amounts of uncertain tax positions for fiscal 2008 through fiscal 2010. . <table class='wikitable'><tr><td>1</td><td>balance november 3 2007</td><td>$ 9889</td></tr><tr><td>2</td><td>additions for tax positions of 2008</td><td>3861</td></tr><tr><td>3</td><td>balance november 1 2008</td><td>13750</td></tr><tr><td>4</td><td>additions for tax positions of 2009</td><td>4411</td></tr><tr><td>5</td><td>balance october 31 2009</td><td>18161</td></tr><tr><td>6</td><td>additions for tax positions of 2010</td><td>286</td></tr><tr><td>7</td><td>balance october 30 2010</td><td>$ 18447</td></tr></table> fiscal years 2004 and 2005 irs examination during the fourth quarter of fiscal 2007 , the irs completed its field examination of the company 2019s fiscal years 2004 and 2005 . on january 2 , 2008 , the irs issued its report for fiscal 2004 and 2005 , which included proposed adjustments related to these two fiscal years . the company has recorded taxes and penalties related to certain of these proposed adjustments . there are four items with an additional potential total tax liability of $ 46 million . the company has concluded , based on discussions with its tax advisors , that these four items are not likely to result in any additional tax liability . therefore , the company has not recorded any additional tax liability for these items and is appealing these proposed adjustments through the normal processes for the resolution of differences between the irs and taxpayers . the company 2019s initial meetings with the appellate division of the irs were held during fiscal analog devices , inc . notes to consolidated financial statements 2014 ( continued ) .
Question: what was the net change in the balance from 2007 to 2010?
| 8558.0 |
CONVFINQA7462 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
of global business , there are many transactions and calculations where the ultimate tax outcome is uncertain . some of these uncertainties arise as a consequence of cost reimbursement arrangements among related entities . although the company believes its estimates are reasonable , no assurance can be given that the final tax outcome of these matters will not be different than that which is reflected in the historical income tax provisions and accruals . such differences could have a material impact on the company 2019s income tax provision and operating results in the period in which such determination is made . on november 4 , 2007 ( the first day of its 2008 fiscal year ) , the company adopted new accounting principles on accounting for uncertain tax positions . these principles require companies to determine whether it is 201cmore likely than not 201d that a tax position will be sustained upon examination by the appropriate taxing authorities before any benefit can be recorded in the financial statements . an uncertain income tax position will not be recognized if it has less than a 50% ( 50 % ) likelihood of being sustained . there were no changes to the company 2019s liabilities for uncertain tax positions as a result of the adoption of these provisions . as of october 30 , 2010 and october 31 , 2009 , the company had a liability of $ 18.4 million and $ 18.2 million , respectively , for gross unrealized tax benefits , all of which , if settled in the company 2019s favor , would lower the company 2019s effective tax rate in the period recorded . in addition , as of october 30 , 2010 and october 31 , 2009 , the company had a liability of approximately $ 9.8 million and $ 8.0 million , respectively , for interest and penalties . the total liability as of october 30 , 2010 and october 31 , 2009 of $ 28.3 million and $ 26.2 million , respectively , for uncertain tax positions is classified as non-current , and is included in other non-current liabilities , because the company believes that the ultimate payment or settlement of these liabilities will not occur within the next twelve months . prior to the adoption of these provisions , these amounts were included in current income tax payable . the company includes interest and penalties related to unrecognized tax benefits within the provision for taxes in the condensed consolidated statements of income , and as a result , no change in classification was made upon adopting these provisions . the condensed consolidated statements of income for fiscal years 2010 , 2009 and 2008 include $ 1.8 million , $ 1.7 million and $ 1.3 million , respectively , of interest and penalties related to these uncertain tax positions . due to the complexity associated with its tax uncertainties , the company cannot make a reasonably reliable estimate as to the period in which it expects to settle the liabilities associated with these uncertain tax positions . the following table summarizes the changes in the total amounts of uncertain tax positions for fiscal 2008 through fiscal 2010. . <table class='wikitable'><tr><td>1</td><td>balance november 3 2007</td><td>$ 9889</td></tr><tr><td>2</td><td>additions for tax positions of 2008</td><td>3861</td></tr><tr><td>3</td><td>balance november 1 2008</td><td>13750</td></tr><tr><td>4</td><td>additions for tax positions of 2009</td><td>4411</td></tr><tr><td>5</td><td>balance october 31 2009</td><td>18161</td></tr><tr><td>6</td><td>additions for tax positions of 2010</td><td>286</td></tr><tr><td>7</td><td>balance october 30 2010</td><td>$ 18447</td></tr></table> fiscal years 2004 and 2005 irs examination during the fourth quarter of fiscal 2007 , the irs completed its field examination of the company 2019s fiscal years 2004 and 2005 . on january 2 , 2008 , the irs issued its report for fiscal 2004 and 2005 , which included proposed adjustments related to these two fiscal years . the company has recorded taxes and penalties related to certain of these proposed adjustments . there are four items with an additional potential total tax liability of $ 46 million . the company has concluded , based on discussions with its tax advisors , that these four items are not likely to result in any additional tax liability . therefore , the company has not recorded any additional tax liability for these items and is appealing these proposed adjustments through the normal processes for the resolution of differences between the irs and taxpayers . the company 2019s initial meetings with the appellate division of the irs were held during fiscal analog devices , inc . notes to consolidated financial statements 2014 ( continued ) .
Question: what was the net change in the balance from 2007 to 2010?
Answer: 8558.0
Question: what is the percent change?
| 0.86541 |
CONVFINQA7463 | 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 performance units granted to certain executives in fiscal 2014 were based on a one-year performance period . after the compensation committee certified the performance results , 25% ( 25 % ) of the performance units converted to unrestricted shares . the remaining 75% ( 75 % ) converted to restricted shares that vest in equal installments on each of the first three anniversaries of the conversion date . the performance units granted to certain executives during fiscal 2015 were based on a three-year performance period . after the compensation committee certifies the performance results for the three-year period , performance units earned will convert into unrestricted common stock . the compensation committee may set a range of possible performance-based outcomes for performance units . depending on the achievement of the performance measures , the grantee may earn up to 200% ( 200 % ) of the target number of shares . for awards with only performance conditions , we recognize compensation expense over the performance period using the grant date fair value of the award , which is based on the number of shares expected to be earned according to the level of achievement of performance goals . if the number of shares expected to be earned were to change at any time during the performance period , we would make a cumulative adjustment to share-based compensation expense based on the revised number of shares expected to be earned . during fiscal 2015 , certain executives were granted performance units that we refer to as leveraged performance units , or lpus . lpus contain a market condition based on our relative stock price growth over a three-year performance period . the lpus contain a minimum threshold performance which , if not met , would result in no payout . the lpus also contain a maximum award opportunity set as a fixed dollar and fixed number of shares . after the three-year performance period , one-third of any earned units converts to unrestricted common stock . the remaining two-thirds convert to restricted stock that will vest in equal installments on each of the first two anniversaries of the conversion date . we recognize share-based compensation expense based on the grant date fair value of the lpus , as determined by use of a monte carlo model , on a straight-line basis over the requisite service period for each separately vesting portion of the lpu award . total shareholder return units before fiscal 2015 , certain of our executives were granted total shareholder return ( 201ctsr 201d ) units , which are performance-based restricted stock units that are earned based on our total shareholder return over a three-year performance period compared to companies in the s&p 500 . once the performance results are certified , tsr units convert into unrestricted common stock . depending on our performance , the grantee may earn up to 200% ( 200 % ) of the target number of shares . the target number of tsr units for each executive is set by the compensation committee . we recognize share-based compensation expense based on the grant date fair value of the tsr units , as determined by use of a monte carlo model , on a straight-line basis over the vesting period . the following table summarizes the changes in unvested share-based awards for the years ended may 31 , 2015 and 2014 ( shares in thousands ) : shares weighted-average grant-date fair value . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares</td><td>weighted-averagegrant-datefair value</td></tr><tr><td>2</td><td>unvested at may 31 2013</td><td>1096</td><td>$ 44</td></tr><tr><td>3</td><td>granted</td><td>544</td><td>47</td></tr><tr><td>4</td><td>vested</td><td>-643 ( 643 )</td><td>45</td></tr><tr><td>5</td><td>forfeited</td><td>-120 ( 120 )</td><td>45</td></tr><tr><td>6</td><td>unvested at may 31 2014</td><td>877</td><td>45</td></tr><tr><td>7</td><td>granted</td><td>477</td><td>72</td></tr><tr><td>8</td><td>vested</td><td>-324 ( 324 )</td><td>46</td></tr><tr><td>9</td><td>forfeited</td><td>-106 ( 106 )</td><td>53</td></tr><tr><td>10</td><td>unvested at may 31 2015</td><td>924</td><td>$ 58</td></tr></table> global payments inc . | 2015 form 10-k annual report 2013 81 .
Question: what were the number of unvested shares on may 31, 2013?
| 1096.0 |
CONVFINQA7464 | 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 performance units granted to certain executives in fiscal 2014 were based on a one-year performance period . after the compensation committee certified the performance results , 25% ( 25 % ) of the performance units converted to unrestricted shares . the remaining 75% ( 75 % ) converted to restricted shares that vest in equal installments on each of the first three anniversaries of the conversion date . the performance units granted to certain executives during fiscal 2015 were based on a three-year performance period . after the compensation committee certifies the performance results for the three-year period , performance units earned will convert into unrestricted common stock . the compensation committee may set a range of possible performance-based outcomes for performance units . depending on the achievement of the performance measures , the grantee may earn up to 200% ( 200 % ) of the target number of shares . for awards with only performance conditions , we recognize compensation expense over the performance period using the grant date fair value of the award , which is based on the number of shares expected to be earned according to the level of achievement of performance goals . if the number of shares expected to be earned were to change at any time during the performance period , we would make a cumulative adjustment to share-based compensation expense based on the revised number of shares expected to be earned . during fiscal 2015 , certain executives were granted performance units that we refer to as leveraged performance units , or lpus . lpus contain a market condition based on our relative stock price growth over a three-year performance period . the lpus contain a minimum threshold performance which , if not met , would result in no payout . the lpus also contain a maximum award opportunity set as a fixed dollar and fixed number of shares . after the three-year performance period , one-third of any earned units converts to unrestricted common stock . the remaining two-thirds convert to restricted stock that will vest in equal installments on each of the first two anniversaries of the conversion date . we recognize share-based compensation expense based on the grant date fair value of the lpus , as determined by use of a monte carlo model , on a straight-line basis over the requisite service period for each separately vesting portion of the lpu award . total shareholder return units before fiscal 2015 , certain of our executives were granted total shareholder return ( 201ctsr 201d ) units , which are performance-based restricted stock units that are earned based on our total shareholder return over a three-year performance period compared to companies in the s&p 500 . once the performance results are certified , tsr units convert into unrestricted common stock . depending on our performance , the grantee may earn up to 200% ( 200 % ) of the target number of shares . the target number of tsr units for each executive is set by the compensation committee . we recognize share-based compensation expense based on the grant date fair value of the tsr units , as determined by use of a monte carlo model , on a straight-line basis over the vesting period . the following table summarizes the changes in unvested share-based awards for the years ended may 31 , 2015 and 2014 ( shares in thousands ) : shares weighted-average grant-date fair value . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares</td><td>weighted-averagegrant-datefair value</td></tr><tr><td>2</td><td>unvested at may 31 2013</td><td>1096</td><td>$ 44</td></tr><tr><td>3</td><td>granted</td><td>544</td><td>47</td></tr><tr><td>4</td><td>vested</td><td>-643 ( 643 )</td><td>45</td></tr><tr><td>5</td><td>forfeited</td><td>-120 ( 120 )</td><td>45</td></tr><tr><td>6</td><td>unvested at may 31 2014</td><td>877</td><td>45</td></tr><tr><td>7</td><td>granted</td><td>477</td><td>72</td></tr><tr><td>8</td><td>vested</td><td>-324 ( 324 )</td><td>46</td></tr><tr><td>9</td><td>forfeited</td><td>-106 ( 106 )</td><td>53</td></tr><tr><td>10</td><td>unvested at may 31 2015</td><td>924</td><td>$ 58</td></tr></table> global payments inc . | 2015 form 10-k annual report 2013 81 .
Question: what were the number of unvested shares on may 31, 2013?
Answer: 1096.0
Question: what were the number of shares on may 31, 2014?
| 877.0 |
CONVFINQA7465 | 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 performance units granted to certain executives in fiscal 2014 were based on a one-year performance period . after the compensation committee certified the performance results , 25% ( 25 % ) of the performance units converted to unrestricted shares . the remaining 75% ( 75 % ) converted to restricted shares that vest in equal installments on each of the first three anniversaries of the conversion date . the performance units granted to certain executives during fiscal 2015 were based on a three-year performance period . after the compensation committee certifies the performance results for the three-year period , performance units earned will convert into unrestricted common stock . the compensation committee may set a range of possible performance-based outcomes for performance units . depending on the achievement of the performance measures , the grantee may earn up to 200% ( 200 % ) of the target number of shares . for awards with only performance conditions , we recognize compensation expense over the performance period using the grant date fair value of the award , which is based on the number of shares expected to be earned according to the level of achievement of performance goals . if the number of shares expected to be earned were to change at any time during the performance period , we would make a cumulative adjustment to share-based compensation expense based on the revised number of shares expected to be earned . during fiscal 2015 , certain executives were granted performance units that we refer to as leveraged performance units , or lpus . lpus contain a market condition based on our relative stock price growth over a three-year performance period . the lpus contain a minimum threshold performance which , if not met , would result in no payout . the lpus also contain a maximum award opportunity set as a fixed dollar and fixed number of shares . after the three-year performance period , one-third of any earned units converts to unrestricted common stock . the remaining two-thirds convert to restricted stock that will vest in equal installments on each of the first two anniversaries of the conversion date . we recognize share-based compensation expense based on the grant date fair value of the lpus , as determined by use of a monte carlo model , on a straight-line basis over the requisite service period for each separately vesting portion of the lpu award . total shareholder return units before fiscal 2015 , certain of our executives were granted total shareholder return ( 201ctsr 201d ) units , which are performance-based restricted stock units that are earned based on our total shareholder return over a three-year performance period compared to companies in the s&p 500 . once the performance results are certified , tsr units convert into unrestricted common stock . depending on our performance , the grantee may earn up to 200% ( 200 % ) of the target number of shares . the target number of tsr units for each executive is set by the compensation committee . we recognize share-based compensation expense based on the grant date fair value of the tsr units , as determined by use of a monte carlo model , on a straight-line basis over the vesting period . the following table summarizes the changes in unvested share-based awards for the years ended may 31 , 2015 and 2014 ( shares in thousands ) : shares weighted-average grant-date fair value . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares</td><td>weighted-averagegrant-datefair value</td></tr><tr><td>2</td><td>unvested at may 31 2013</td><td>1096</td><td>$ 44</td></tr><tr><td>3</td><td>granted</td><td>544</td><td>47</td></tr><tr><td>4</td><td>vested</td><td>-643 ( 643 )</td><td>45</td></tr><tr><td>5</td><td>forfeited</td><td>-120 ( 120 )</td><td>45</td></tr><tr><td>6</td><td>unvested at may 31 2014</td><td>877</td><td>45</td></tr><tr><td>7</td><td>granted</td><td>477</td><td>72</td></tr><tr><td>8</td><td>vested</td><td>-324 ( 324 )</td><td>46</td></tr><tr><td>9</td><td>forfeited</td><td>-106 ( 106 )</td><td>53</td></tr><tr><td>10</td><td>unvested at may 31 2015</td><td>924</td><td>$ 58</td></tr></table> global payments inc . | 2015 form 10-k annual report 2013 81 .
Question: what were the number of unvested shares on may 31, 2013?
Answer: 1096.0
Question: what were the number of shares on may 31, 2014?
Answer: 877.0
Question: what is the sum number of shares?
| 1973.0 |
CONVFINQA7466 | 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 performance units granted to certain executives in fiscal 2014 were based on a one-year performance period . after the compensation committee certified the performance results , 25% ( 25 % ) of the performance units converted to unrestricted shares . the remaining 75% ( 75 % ) converted to restricted shares that vest in equal installments on each of the first three anniversaries of the conversion date . the performance units granted to certain executives during fiscal 2015 were based on a three-year performance period . after the compensation committee certifies the performance results for the three-year period , performance units earned will convert into unrestricted common stock . the compensation committee may set a range of possible performance-based outcomes for performance units . depending on the achievement of the performance measures , the grantee may earn up to 200% ( 200 % ) of the target number of shares . for awards with only performance conditions , we recognize compensation expense over the performance period using the grant date fair value of the award , which is based on the number of shares expected to be earned according to the level of achievement of performance goals . if the number of shares expected to be earned were to change at any time during the performance period , we would make a cumulative adjustment to share-based compensation expense based on the revised number of shares expected to be earned . during fiscal 2015 , certain executives were granted performance units that we refer to as leveraged performance units , or lpus . lpus contain a market condition based on our relative stock price growth over a three-year performance period . the lpus contain a minimum threshold performance which , if not met , would result in no payout . the lpus also contain a maximum award opportunity set as a fixed dollar and fixed number of shares . after the three-year performance period , one-third of any earned units converts to unrestricted common stock . the remaining two-thirds convert to restricted stock that will vest in equal installments on each of the first two anniversaries of the conversion date . we recognize share-based compensation expense based on the grant date fair value of the lpus , as determined by use of a monte carlo model , on a straight-line basis over the requisite service period for each separately vesting portion of the lpu award . total shareholder return units before fiscal 2015 , certain of our executives were granted total shareholder return ( 201ctsr 201d ) units , which are performance-based restricted stock units that are earned based on our total shareholder return over a three-year performance period compared to companies in the s&p 500 . once the performance results are certified , tsr units convert into unrestricted common stock . depending on our performance , the grantee may earn up to 200% ( 200 % ) of the target number of shares . the target number of tsr units for each executive is set by the compensation committee . we recognize share-based compensation expense based on the grant date fair value of the tsr units , as determined by use of a monte carlo model , on a straight-line basis over the vesting period . the following table summarizes the changes in unvested share-based awards for the years ended may 31 , 2015 and 2014 ( shares in thousands ) : shares weighted-average grant-date fair value . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares</td><td>weighted-averagegrant-datefair value</td></tr><tr><td>2</td><td>unvested at may 31 2013</td><td>1096</td><td>$ 44</td></tr><tr><td>3</td><td>granted</td><td>544</td><td>47</td></tr><tr><td>4</td><td>vested</td><td>-643 ( 643 )</td><td>45</td></tr><tr><td>5</td><td>forfeited</td><td>-120 ( 120 )</td><td>45</td></tr><tr><td>6</td><td>unvested at may 31 2014</td><td>877</td><td>45</td></tr><tr><td>7</td><td>granted</td><td>477</td><td>72</td></tr><tr><td>8</td><td>vested</td><td>-324 ( 324 )</td><td>46</td></tr><tr><td>9</td><td>forfeited</td><td>-106 ( 106 )</td><td>53</td></tr><tr><td>10</td><td>unvested at may 31 2015</td><td>924</td><td>$ 58</td></tr></table> global payments inc . | 2015 form 10-k annual report 2013 81 .
Question: what were the number of unvested shares on may 31, 2013?
Answer: 1096.0
Question: what were the number of shares on may 31, 2014?
Answer: 877.0
Question: what is the sum number of shares?
Answer: 1973.0
Question: what is the total sum number of shares including those on may 31, 2015?
| 2897.0 |
CONVFINQA7467 | 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 company has elected the fair-value option where the interest-rate risk of such liabilities is economically hedged with derivative contracts or the proceeds are used to purchase financial assets that will also be accounted for at fair value through earnings . the election has been made to mitigate accounting mismatches and to achieve operational simplifications . these positions are reported in short-term borrowings and long-term debt on the company 2019s consolidated balance sheet . the majority of these non-structured liabilities are a result of the company 2019s election of the fair-value option for liabilities associated with the citi-advised structured investment vehicles ( sivs ) , which were consolidated during the fourth quarter of 2007 . the change in fair values of the sivs 2019 liabilities reported in earnings was $ 2.6 billion for the year ended december 31 , 2008 . for these non-structured liabilities the aggregate fair value is $ 263 million lower than the aggregate unpaid principal balance as of december 31 , 2008 . for all other non-structured liabilities classified as long-term debt for which the fair-value option has been elected , the aggregate unpaid principal balance exceeds the aggregate fair value of such instruments by $ 97 million as of december 31 , 2008 while the aggregate fair value exceeded the aggregate unpaid principal by $ 112 million as of december 31 , 2007 . the change in fair value of these non-structured liabilities reported a gain of $ 1.2 billion for the year ended december 31 , 2008 . the change in fair value for these non-structured liabilities is reported in principal transactions in the company 2019s consolidated statement of income . related interest expense continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement . certain mortgage loans citigroup has elected the fair-value option for certain purchased and originated prime fixed-rate and conforming adjustable-rate first mortgage loans held-for- sale . these loans are intended for sale or securitization and are hedged with derivative instruments . the company has elected the fair-value option to mitigate accounting mismatches in cases where hedge accounting is complex and to achieve operational simplifications . the fair-value option was not elected for loans held-for-investment , as those loans are not hedged with derivative instruments . this election was effective for applicable instruments originated or purchased on or after september 1 , 2007 . the following table provides information about certain mortgage loans carried at fair value : in millions of dollars december 31 , december 31 , carrying amount reported on the consolidated balance sheet $ 4273 $ 6392 aggregate fair value in excess of unpaid principal balance $ 138 $ 136 balance on non-accrual loans or loans more than 90 days past due $ 9 $ 17 aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due $ 2 $ 2014 the changes in fair values of these mortgage loans is reported in other revenue in the company 2019s consolidated statement of income . the changes in fair value during the year ended december 31 , 2008 due to instrument- specific credit risk resulted in a $ 32 million loss . the change in fair value during 2007 due to instrument-specific credit risk was immaterial . related interest income continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement . items selected for fair-value accounting in accordance with sfas 155 and sfas 156 certain hybrid financial instruments the company has elected to apply fair-value accounting under sfas 155 for certain hybrid financial assets and liabilities whose performance is linked to risks other than interest rate , foreign exchange or inflation ( e.g. , equity , credit or commodity risks ) . in addition , the company has elected fair-value accounting under sfas 155 for residual interests retained from securitizing certain financial assets . the company has elected fair-value accounting for these instruments because these exposures are considered to be trading-related positions and , therefore , are managed on a fair-value basis . in addition , the accounting for these instruments is simplified under a fair-value approach as it eliminates the complicated operational requirements of bifurcating the embedded derivatives from the host contracts and accounting for each separately . the hybrid financial instruments are classified as trading account assets , loans , deposits , trading account liabilities ( for prepaid derivatives ) , short-term borrowings or long-term debt on the company 2019s consolidated balance sheet according to their legal form , while residual interests in certain securitizations are classified as trading account assets . for hybrid financial instruments for which fair-value accounting has been elected under sfas 155 and that are classified as long-term debt , the aggregate unpaid principal exceeds the aggregate fair value by $ 1.9 billion as of december 31 , 2008 , while the aggregate fair value exceeds the aggregate unpaid principal balance by $ 460 million as of december 31 , 2007 . the difference for those instruments classified as loans is immaterial . changes in fair value for hybrid financial instruments , which in most cases includes a component for accrued interest , are recorded in principal transactions in the company 2019s consolidated statement of income . interest accruals for certain hybrid instruments classified as trading assets are recorded separately from the change in fair value as interest revenue in the company 2019s consolidated statement of income . mortgage servicing rights the company accounts for mortgage servicing rights ( msrs ) at fair value in accordance with sfas 156 . fair value for msrs is determined using an option-adjusted spread valuation approach . this approach consists of projecting servicing cash flows under multiple interest-rate scenarios and discounting these cash flows using risk-adjusted rates . the model assumptions used in the valuation of msrs include mortgage prepayment speeds and discount rates . the fair value of msrs is primarily affected by changes in prepayments that result from shifts in mortgage interest rates . in managing this risk , the company hedges a significant portion of the values of its msrs through the use of interest-rate derivative contracts , forward- purchase commitments of mortgage-backed securities , and purchased securities classified as trading . see note 23 on page 175 for further discussions regarding the accounting and reporting of msrs . these msrs , which totaled $ 5.7 billion and $ 8.4 billion as of december 31 , 2008 and december 31 , 2007 , respectively , are classified as mortgage servicing rights on citigroup 2019s consolidated balance sheet . changes in fair value of msrs are recorded in commissions and fees in the company 2019s consolidated statement of income. . <table class='wikitable'><tr><td>1</td><td>in millions of dollars</td><td>december 31 2008</td><td>december 31 2007</td></tr><tr><td>2</td><td>carrying amount reported on the consolidated balance sheet</td><td>$ 4273</td><td>$ 6392</td></tr><tr><td>3</td><td>aggregate fair value in excess of unpaid principal balance</td><td>$ 138</td><td>$ 136</td></tr><tr><td>4</td><td>balance on non-accrual loans or loans more than 90 days past due</td><td>$ 9</td><td>$ 17</td></tr><tr><td>5</td><td>aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days pastdue</td><td>$ 2</td><td>$ 2014</td></tr></table> the company has elected the fair-value option where the interest-rate risk of such liabilities is economically hedged with derivative contracts or the proceeds are used to purchase financial assets that will also be accounted for at fair value through earnings . the election has been made to mitigate accounting mismatches and to achieve operational simplifications . these positions are reported in short-term borrowings and long-term debt on the company 2019s consolidated balance sheet . the majority of these non-structured liabilities are a result of the company 2019s election of the fair-value option for liabilities associated with the citi-advised structured investment vehicles ( sivs ) , which were consolidated during the fourth quarter of 2007 . the change in fair values of the sivs 2019 liabilities reported in earnings was $ 2.6 billion for the year ended december 31 , 2008 . for these non-structured liabilities the aggregate fair value is $ 263 million lower than the aggregate unpaid principal balance as of december 31 , 2008 . for all other non-structured liabilities classified as long-term debt for which the fair-value option has been elected , the aggregate unpaid principal balance exceeds the aggregate fair value of such instruments by $ 97 million as of december 31 , 2008 while the aggregate fair value exceeded the aggregate unpaid principal by $ 112 million as of december 31 , 2007 . the change in fair value of these non-structured liabilities reported a gain of $ 1.2 billion for the year ended december 31 , 2008 . the change in fair value for these non-structured liabilities is reported in principal transactions in the company 2019s consolidated statement of income . related interest expense continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement . certain mortgage loans citigroup has elected the fair-value option for certain purchased and originated prime fixed-rate and conforming adjustable-rate first mortgage loans held-for- sale . these loans are intended for sale or securitization and are hedged with derivative instruments . the company has elected the fair-value option to mitigate accounting mismatches in cases where hedge accounting is complex and to achieve operational simplifications . the fair-value option was not elected for loans held-for-investment , as those loans are not hedged with derivative instruments . this election was effective for applicable instruments originated or purchased on or after september 1 , 2007 . the following table provides information about certain mortgage loans carried at fair value : in millions of dollars december 31 , december 31 , carrying amount reported on the consolidated balance sheet $ 4273 $ 6392 aggregate fair value in excess of unpaid principal balance $ 138 $ 136 balance on non-accrual loans or loans more than 90 days past due $ 9 $ 17 aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due $ 2 $ 2014 the changes in fair values of these mortgage loans is reported in other revenue in the company 2019s consolidated statement of income . the changes in fair value during the year ended december 31 , 2008 due to instrument- specific credit risk resulted in a $ 32 million loss . the change in fair value during 2007 due to instrument-specific credit risk was immaterial . related interest income continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement . items selected for fair-value accounting in accordance with sfas 155 and sfas 156 certain hybrid financial instruments the company has elected to apply fair-value accounting under sfas 155 for certain hybrid financial assets and liabilities whose performance is linked to risks other than interest rate , foreign exchange or inflation ( e.g. , equity , credit or commodity risks ) . in addition , the company has elected fair-value accounting under sfas 155 for residual interests retained from securitizing certain financial assets . the company has elected fair-value accounting for these instruments because these exposures are considered to be trading-related positions and , therefore , are managed on a fair-value basis . in addition , the accounting for these instruments is simplified under a fair-value approach as it eliminates the complicated operational requirements of bifurcating the embedded derivatives from the host contracts and accounting for each separately . the hybrid financial instruments are classified as trading account assets , loans , deposits , trading account liabilities ( for prepaid derivatives ) , short-term borrowings or long-term debt on the company 2019s consolidated balance sheet according to their legal form , while residual interests in certain securitizations are classified as trading account assets . for hybrid financial instruments for which fair-value accounting has been elected under sfas 155 and that are classified as long-term debt , the aggregate unpaid principal exceeds the aggregate fair value by $ 1.9 billion as of december 31 , 2008 , while the aggregate fair value exceeds the aggregate unpaid principal balance by $ 460 million as of december 31 , 2007 . the difference for those instruments classified as loans is immaterial . changes in fair value for hybrid financial instruments , which in most cases includes a component for accrued interest , are recorded in principal transactions in the company 2019s consolidated statement of income . interest accruals for certain hybrid instruments classified as trading assets are recorded separately from the change in fair value as interest revenue in the company 2019s consolidated statement of income . mortgage servicing rights the company accounts for mortgage servicing rights ( msrs ) at fair value in accordance with sfas 156 . fair value for msrs is determined using an option-adjusted spread valuation approach . this approach consists of projecting servicing cash flows under multiple interest-rate scenarios and discounting these cash flows using risk-adjusted rates . the model assumptions used in the valuation of msrs include mortgage prepayment speeds and discount rates . the fair value of msrs is primarily affected by changes in prepayments that result from shifts in mortgage interest rates . in managing this risk , the company hedges a significant portion of the values of its msrs through the use of interest-rate derivative contracts , forward- purchase commitments of mortgage-backed securities , and purchased securities classified as trading . see note 23 on page 175 for further discussions regarding the accounting and reporting of msrs . these msrs , which totaled $ 5.7 billion and $ 8.4 billion as of december 31 , 2008 and december 31 , 2007 , respectively , are classified as mortgage servicing rights on citigroup 2019s consolidated balance sheet . changes in fair value of msrs are recorded in commissions and fees in the company 2019s consolidated statement of income. .
Question: what was the fair value of the msr in 2008?
| 4273.0 |
CONVFINQA7468 | 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 company has elected the fair-value option where the interest-rate risk of such liabilities is economically hedged with derivative contracts or the proceeds are used to purchase financial assets that will also be accounted for at fair value through earnings . the election has been made to mitigate accounting mismatches and to achieve operational simplifications . these positions are reported in short-term borrowings and long-term debt on the company 2019s consolidated balance sheet . the majority of these non-structured liabilities are a result of the company 2019s election of the fair-value option for liabilities associated with the citi-advised structured investment vehicles ( sivs ) , which were consolidated during the fourth quarter of 2007 . the change in fair values of the sivs 2019 liabilities reported in earnings was $ 2.6 billion for the year ended december 31 , 2008 . for these non-structured liabilities the aggregate fair value is $ 263 million lower than the aggregate unpaid principal balance as of december 31 , 2008 . for all other non-structured liabilities classified as long-term debt for which the fair-value option has been elected , the aggregate unpaid principal balance exceeds the aggregate fair value of such instruments by $ 97 million as of december 31 , 2008 while the aggregate fair value exceeded the aggregate unpaid principal by $ 112 million as of december 31 , 2007 . the change in fair value of these non-structured liabilities reported a gain of $ 1.2 billion for the year ended december 31 , 2008 . the change in fair value for these non-structured liabilities is reported in principal transactions in the company 2019s consolidated statement of income . related interest expense continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement . certain mortgage loans citigroup has elected the fair-value option for certain purchased and originated prime fixed-rate and conforming adjustable-rate first mortgage loans held-for- sale . these loans are intended for sale or securitization and are hedged with derivative instruments . the company has elected the fair-value option to mitigate accounting mismatches in cases where hedge accounting is complex and to achieve operational simplifications . the fair-value option was not elected for loans held-for-investment , as those loans are not hedged with derivative instruments . this election was effective for applicable instruments originated or purchased on or after september 1 , 2007 . the following table provides information about certain mortgage loans carried at fair value : in millions of dollars december 31 , december 31 , carrying amount reported on the consolidated balance sheet $ 4273 $ 6392 aggregate fair value in excess of unpaid principal balance $ 138 $ 136 balance on non-accrual loans or loans more than 90 days past due $ 9 $ 17 aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due $ 2 $ 2014 the changes in fair values of these mortgage loans is reported in other revenue in the company 2019s consolidated statement of income . the changes in fair value during the year ended december 31 , 2008 due to instrument- specific credit risk resulted in a $ 32 million loss . the change in fair value during 2007 due to instrument-specific credit risk was immaterial . related interest income continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement . items selected for fair-value accounting in accordance with sfas 155 and sfas 156 certain hybrid financial instruments the company has elected to apply fair-value accounting under sfas 155 for certain hybrid financial assets and liabilities whose performance is linked to risks other than interest rate , foreign exchange or inflation ( e.g. , equity , credit or commodity risks ) . in addition , the company has elected fair-value accounting under sfas 155 for residual interests retained from securitizing certain financial assets . the company has elected fair-value accounting for these instruments because these exposures are considered to be trading-related positions and , therefore , are managed on a fair-value basis . in addition , the accounting for these instruments is simplified under a fair-value approach as it eliminates the complicated operational requirements of bifurcating the embedded derivatives from the host contracts and accounting for each separately . the hybrid financial instruments are classified as trading account assets , loans , deposits , trading account liabilities ( for prepaid derivatives ) , short-term borrowings or long-term debt on the company 2019s consolidated balance sheet according to their legal form , while residual interests in certain securitizations are classified as trading account assets . for hybrid financial instruments for which fair-value accounting has been elected under sfas 155 and that are classified as long-term debt , the aggregate unpaid principal exceeds the aggregate fair value by $ 1.9 billion as of december 31 , 2008 , while the aggregate fair value exceeds the aggregate unpaid principal balance by $ 460 million as of december 31 , 2007 . the difference for those instruments classified as loans is immaterial . changes in fair value for hybrid financial instruments , which in most cases includes a component for accrued interest , are recorded in principal transactions in the company 2019s consolidated statement of income . interest accruals for certain hybrid instruments classified as trading assets are recorded separately from the change in fair value as interest revenue in the company 2019s consolidated statement of income . mortgage servicing rights the company accounts for mortgage servicing rights ( msrs ) at fair value in accordance with sfas 156 . fair value for msrs is determined using an option-adjusted spread valuation approach . this approach consists of projecting servicing cash flows under multiple interest-rate scenarios and discounting these cash flows using risk-adjusted rates . the model assumptions used in the valuation of msrs include mortgage prepayment speeds and discount rates . the fair value of msrs is primarily affected by changes in prepayments that result from shifts in mortgage interest rates . in managing this risk , the company hedges a significant portion of the values of its msrs through the use of interest-rate derivative contracts , forward- purchase commitments of mortgage-backed securities , and purchased securities classified as trading . see note 23 on page 175 for further discussions regarding the accounting and reporting of msrs . these msrs , which totaled $ 5.7 billion and $ 8.4 billion as of december 31 , 2008 and december 31 , 2007 , respectively , are classified as mortgage servicing rights on citigroup 2019s consolidated balance sheet . changes in fair value of msrs are recorded in commissions and fees in the company 2019s consolidated statement of income. . <table class='wikitable'><tr><td>1</td><td>in millions of dollars</td><td>december 31 2008</td><td>december 31 2007</td></tr><tr><td>2</td><td>carrying amount reported on the consolidated balance sheet</td><td>$ 4273</td><td>$ 6392</td></tr><tr><td>3</td><td>aggregate fair value in excess of unpaid principal balance</td><td>$ 138</td><td>$ 136</td></tr><tr><td>4</td><td>balance on non-accrual loans or loans more than 90 days past due</td><td>$ 9</td><td>$ 17</td></tr><tr><td>5</td><td>aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days pastdue</td><td>$ 2</td><td>$ 2014</td></tr></table> the company has elected the fair-value option where the interest-rate risk of such liabilities is economically hedged with derivative contracts or the proceeds are used to purchase financial assets that will also be accounted for at fair value through earnings . the election has been made to mitigate accounting mismatches and to achieve operational simplifications . these positions are reported in short-term borrowings and long-term debt on the company 2019s consolidated balance sheet . the majority of these non-structured liabilities are a result of the company 2019s election of the fair-value option for liabilities associated with the citi-advised structured investment vehicles ( sivs ) , which were consolidated during the fourth quarter of 2007 . the change in fair values of the sivs 2019 liabilities reported in earnings was $ 2.6 billion for the year ended december 31 , 2008 . for these non-structured liabilities the aggregate fair value is $ 263 million lower than the aggregate unpaid principal balance as of december 31 , 2008 . for all other non-structured liabilities classified as long-term debt for which the fair-value option has been elected , the aggregate unpaid principal balance exceeds the aggregate fair value of such instruments by $ 97 million as of december 31 , 2008 while the aggregate fair value exceeded the aggregate unpaid principal by $ 112 million as of december 31 , 2007 . the change in fair value of these non-structured liabilities reported a gain of $ 1.2 billion for the year ended december 31 , 2008 . the change in fair value for these non-structured liabilities is reported in principal transactions in the company 2019s consolidated statement of income . related interest expense continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement . certain mortgage loans citigroup has elected the fair-value option for certain purchased and originated prime fixed-rate and conforming adjustable-rate first mortgage loans held-for- sale . these loans are intended for sale or securitization and are hedged with derivative instruments . the company has elected the fair-value option to mitigate accounting mismatches in cases where hedge accounting is complex and to achieve operational simplifications . the fair-value option was not elected for loans held-for-investment , as those loans are not hedged with derivative instruments . this election was effective for applicable instruments originated or purchased on or after september 1 , 2007 . the following table provides information about certain mortgage loans carried at fair value : in millions of dollars december 31 , december 31 , carrying amount reported on the consolidated balance sheet $ 4273 $ 6392 aggregate fair value in excess of unpaid principal balance $ 138 $ 136 balance on non-accrual loans or loans more than 90 days past due $ 9 $ 17 aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due $ 2 $ 2014 the changes in fair values of these mortgage loans is reported in other revenue in the company 2019s consolidated statement of income . the changes in fair value during the year ended december 31 , 2008 due to instrument- specific credit risk resulted in a $ 32 million loss . the change in fair value during 2007 due to instrument-specific credit risk was immaterial . related interest income continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement . items selected for fair-value accounting in accordance with sfas 155 and sfas 156 certain hybrid financial instruments the company has elected to apply fair-value accounting under sfas 155 for certain hybrid financial assets and liabilities whose performance is linked to risks other than interest rate , foreign exchange or inflation ( e.g. , equity , credit or commodity risks ) . in addition , the company has elected fair-value accounting under sfas 155 for residual interests retained from securitizing certain financial assets . the company has elected fair-value accounting for these instruments because these exposures are considered to be trading-related positions and , therefore , are managed on a fair-value basis . in addition , the accounting for these instruments is simplified under a fair-value approach as it eliminates the complicated operational requirements of bifurcating the embedded derivatives from the host contracts and accounting for each separately . the hybrid financial instruments are classified as trading account assets , loans , deposits , trading account liabilities ( for prepaid derivatives ) , short-term borrowings or long-term debt on the company 2019s consolidated balance sheet according to their legal form , while residual interests in certain securitizations are classified as trading account assets . for hybrid financial instruments for which fair-value accounting has been elected under sfas 155 and that are classified as long-term debt , the aggregate unpaid principal exceeds the aggregate fair value by $ 1.9 billion as of december 31 , 2008 , while the aggregate fair value exceeds the aggregate unpaid principal balance by $ 460 million as of december 31 , 2007 . the difference for those instruments classified as loans is immaterial . changes in fair value for hybrid financial instruments , which in most cases includes a component for accrued interest , are recorded in principal transactions in the company 2019s consolidated statement of income . interest accruals for certain hybrid instruments classified as trading assets are recorded separately from the change in fair value as interest revenue in the company 2019s consolidated statement of income . mortgage servicing rights the company accounts for mortgage servicing rights ( msrs ) at fair value in accordance with sfas 156 . fair value for msrs is determined using an option-adjusted spread valuation approach . this approach consists of projecting servicing cash flows under multiple interest-rate scenarios and discounting these cash flows using risk-adjusted rates . the model assumptions used in the valuation of msrs include mortgage prepayment speeds and discount rates . the fair value of msrs is primarily affected by changes in prepayments that result from shifts in mortgage interest rates . in managing this risk , the company hedges a significant portion of the values of its msrs through the use of interest-rate derivative contracts , forward- purchase commitments of mortgage-backed securities , and purchased securities classified as trading . see note 23 on page 175 for further discussions regarding the accounting and reporting of msrs . these msrs , which totaled $ 5.7 billion and $ 8.4 billion as of december 31 , 2008 and december 31 , 2007 , respectively , are classified as mortgage servicing rights on citigroup 2019s consolidated balance sheet . changes in fair value of msrs are recorded in commissions and fees in the company 2019s consolidated statement of income. .
Question: what was the fair value of the msr in 2008?
Answer: 4273.0
Question: and what was it in 2007?
| 6392.0 |
CONVFINQA7469 | 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 company has elected the fair-value option where the interest-rate risk of such liabilities is economically hedged with derivative contracts or the proceeds are used to purchase financial assets that will also be accounted for at fair value through earnings . the election has been made to mitigate accounting mismatches and to achieve operational simplifications . these positions are reported in short-term borrowings and long-term debt on the company 2019s consolidated balance sheet . the majority of these non-structured liabilities are a result of the company 2019s election of the fair-value option for liabilities associated with the citi-advised structured investment vehicles ( sivs ) , which were consolidated during the fourth quarter of 2007 . the change in fair values of the sivs 2019 liabilities reported in earnings was $ 2.6 billion for the year ended december 31 , 2008 . for these non-structured liabilities the aggregate fair value is $ 263 million lower than the aggregate unpaid principal balance as of december 31 , 2008 . for all other non-structured liabilities classified as long-term debt for which the fair-value option has been elected , the aggregate unpaid principal balance exceeds the aggregate fair value of such instruments by $ 97 million as of december 31 , 2008 while the aggregate fair value exceeded the aggregate unpaid principal by $ 112 million as of december 31 , 2007 . the change in fair value of these non-structured liabilities reported a gain of $ 1.2 billion for the year ended december 31 , 2008 . the change in fair value for these non-structured liabilities is reported in principal transactions in the company 2019s consolidated statement of income . related interest expense continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement . certain mortgage loans citigroup has elected the fair-value option for certain purchased and originated prime fixed-rate and conforming adjustable-rate first mortgage loans held-for- sale . these loans are intended for sale or securitization and are hedged with derivative instruments . the company has elected the fair-value option to mitigate accounting mismatches in cases where hedge accounting is complex and to achieve operational simplifications . the fair-value option was not elected for loans held-for-investment , as those loans are not hedged with derivative instruments . this election was effective for applicable instruments originated or purchased on or after september 1 , 2007 . the following table provides information about certain mortgage loans carried at fair value : in millions of dollars december 31 , december 31 , carrying amount reported on the consolidated balance sheet $ 4273 $ 6392 aggregate fair value in excess of unpaid principal balance $ 138 $ 136 balance on non-accrual loans or loans more than 90 days past due $ 9 $ 17 aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due $ 2 $ 2014 the changes in fair values of these mortgage loans is reported in other revenue in the company 2019s consolidated statement of income . the changes in fair value during the year ended december 31 , 2008 due to instrument- specific credit risk resulted in a $ 32 million loss . the change in fair value during 2007 due to instrument-specific credit risk was immaterial . related interest income continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement . items selected for fair-value accounting in accordance with sfas 155 and sfas 156 certain hybrid financial instruments the company has elected to apply fair-value accounting under sfas 155 for certain hybrid financial assets and liabilities whose performance is linked to risks other than interest rate , foreign exchange or inflation ( e.g. , equity , credit or commodity risks ) . in addition , the company has elected fair-value accounting under sfas 155 for residual interests retained from securitizing certain financial assets . the company has elected fair-value accounting for these instruments because these exposures are considered to be trading-related positions and , therefore , are managed on a fair-value basis . in addition , the accounting for these instruments is simplified under a fair-value approach as it eliminates the complicated operational requirements of bifurcating the embedded derivatives from the host contracts and accounting for each separately . the hybrid financial instruments are classified as trading account assets , loans , deposits , trading account liabilities ( for prepaid derivatives ) , short-term borrowings or long-term debt on the company 2019s consolidated balance sheet according to their legal form , while residual interests in certain securitizations are classified as trading account assets . for hybrid financial instruments for which fair-value accounting has been elected under sfas 155 and that are classified as long-term debt , the aggregate unpaid principal exceeds the aggregate fair value by $ 1.9 billion as of december 31 , 2008 , while the aggregate fair value exceeds the aggregate unpaid principal balance by $ 460 million as of december 31 , 2007 . the difference for those instruments classified as loans is immaterial . changes in fair value for hybrid financial instruments , which in most cases includes a component for accrued interest , are recorded in principal transactions in the company 2019s consolidated statement of income . interest accruals for certain hybrid instruments classified as trading assets are recorded separately from the change in fair value as interest revenue in the company 2019s consolidated statement of income . mortgage servicing rights the company accounts for mortgage servicing rights ( msrs ) at fair value in accordance with sfas 156 . fair value for msrs is determined using an option-adjusted spread valuation approach . this approach consists of projecting servicing cash flows under multiple interest-rate scenarios and discounting these cash flows using risk-adjusted rates . the model assumptions used in the valuation of msrs include mortgage prepayment speeds and discount rates . the fair value of msrs is primarily affected by changes in prepayments that result from shifts in mortgage interest rates . in managing this risk , the company hedges a significant portion of the values of its msrs through the use of interest-rate derivative contracts , forward- purchase commitments of mortgage-backed securities , and purchased securities classified as trading . see note 23 on page 175 for further discussions regarding the accounting and reporting of msrs . these msrs , which totaled $ 5.7 billion and $ 8.4 billion as of december 31 , 2008 and december 31 , 2007 , respectively , are classified as mortgage servicing rights on citigroup 2019s consolidated balance sheet . changes in fair value of msrs are recorded in commissions and fees in the company 2019s consolidated statement of income. . <table class='wikitable'><tr><td>1</td><td>in millions of dollars</td><td>december 31 2008</td><td>december 31 2007</td></tr><tr><td>2</td><td>carrying amount reported on the consolidated balance sheet</td><td>$ 4273</td><td>$ 6392</td></tr><tr><td>3</td><td>aggregate fair value in excess of unpaid principal balance</td><td>$ 138</td><td>$ 136</td></tr><tr><td>4</td><td>balance on non-accrual loans or loans more than 90 days past due</td><td>$ 9</td><td>$ 17</td></tr><tr><td>5</td><td>aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days pastdue</td><td>$ 2</td><td>$ 2014</td></tr></table> the company has elected the fair-value option where the interest-rate risk of such liabilities is economically hedged with derivative contracts or the proceeds are used to purchase financial assets that will also be accounted for at fair value through earnings . the election has been made to mitigate accounting mismatches and to achieve operational simplifications . these positions are reported in short-term borrowings and long-term debt on the company 2019s consolidated balance sheet . the majority of these non-structured liabilities are a result of the company 2019s election of the fair-value option for liabilities associated with the citi-advised structured investment vehicles ( sivs ) , which were consolidated during the fourth quarter of 2007 . the change in fair values of the sivs 2019 liabilities reported in earnings was $ 2.6 billion for the year ended december 31 , 2008 . for these non-structured liabilities the aggregate fair value is $ 263 million lower than the aggregate unpaid principal balance as of december 31 , 2008 . for all other non-structured liabilities classified as long-term debt for which the fair-value option has been elected , the aggregate unpaid principal balance exceeds the aggregate fair value of such instruments by $ 97 million as of december 31 , 2008 while the aggregate fair value exceeded the aggregate unpaid principal by $ 112 million as of december 31 , 2007 . the change in fair value of these non-structured liabilities reported a gain of $ 1.2 billion for the year ended december 31 , 2008 . the change in fair value for these non-structured liabilities is reported in principal transactions in the company 2019s consolidated statement of income . related interest expense continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement . certain mortgage loans citigroup has elected the fair-value option for certain purchased and originated prime fixed-rate and conforming adjustable-rate first mortgage loans held-for- sale . these loans are intended for sale or securitization and are hedged with derivative instruments . the company has elected the fair-value option to mitigate accounting mismatches in cases where hedge accounting is complex and to achieve operational simplifications . the fair-value option was not elected for loans held-for-investment , as those loans are not hedged with derivative instruments . this election was effective for applicable instruments originated or purchased on or after september 1 , 2007 . the following table provides information about certain mortgage loans carried at fair value : in millions of dollars december 31 , december 31 , carrying amount reported on the consolidated balance sheet $ 4273 $ 6392 aggregate fair value in excess of unpaid principal balance $ 138 $ 136 balance on non-accrual loans or loans more than 90 days past due $ 9 $ 17 aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due $ 2 $ 2014 the changes in fair values of these mortgage loans is reported in other revenue in the company 2019s consolidated statement of income . the changes in fair value during the year ended december 31 , 2008 due to instrument- specific credit risk resulted in a $ 32 million loss . the change in fair value during 2007 due to instrument-specific credit risk was immaterial . related interest income continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement . items selected for fair-value accounting in accordance with sfas 155 and sfas 156 certain hybrid financial instruments the company has elected to apply fair-value accounting under sfas 155 for certain hybrid financial assets and liabilities whose performance is linked to risks other than interest rate , foreign exchange or inflation ( e.g. , equity , credit or commodity risks ) . in addition , the company has elected fair-value accounting under sfas 155 for residual interests retained from securitizing certain financial assets . the company has elected fair-value accounting for these instruments because these exposures are considered to be trading-related positions and , therefore , are managed on a fair-value basis . in addition , the accounting for these instruments is simplified under a fair-value approach as it eliminates the complicated operational requirements of bifurcating the embedded derivatives from the host contracts and accounting for each separately . the hybrid financial instruments are classified as trading account assets , loans , deposits , trading account liabilities ( for prepaid derivatives ) , short-term borrowings or long-term debt on the company 2019s consolidated balance sheet according to their legal form , while residual interests in certain securitizations are classified as trading account assets . for hybrid financial instruments for which fair-value accounting has been elected under sfas 155 and that are classified as long-term debt , the aggregate unpaid principal exceeds the aggregate fair value by $ 1.9 billion as of december 31 , 2008 , while the aggregate fair value exceeds the aggregate unpaid principal balance by $ 460 million as of december 31 , 2007 . the difference for those instruments classified as loans is immaterial . changes in fair value for hybrid financial instruments , which in most cases includes a component for accrued interest , are recorded in principal transactions in the company 2019s consolidated statement of income . interest accruals for certain hybrid instruments classified as trading assets are recorded separately from the change in fair value as interest revenue in the company 2019s consolidated statement of income . mortgage servicing rights the company accounts for mortgage servicing rights ( msrs ) at fair value in accordance with sfas 156 . fair value for msrs is determined using an option-adjusted spread valuation approach . this approach consists of projecting servicing cash flows under multiple interest-rate scenarios and discounting these cash flows using risk-adjusted rates . the model assumptions used in the valuation of msrs include mortgage prepayment speeds and discount rates . the fair value of msrs is primarily affected by changes in prepayments that result from shifts in mortgage interest rates . in managing this risk , the company hedges a significant portion of the values of its msrs through the use of interest-rate derivative contracts , forward- purchase commitments of mortgage-backed securities , and purchased securities classified as trading . see note 23 on page 175 for further discussions regarding the accounting and reporting of msrs . these msrs , which totaled $ 5.7 billion and $ 8.4 billion as of december 31 , 2008 and december 31 , 2007 , respectively , are classified as mortgage servicing rights on citigroup 2019s consolidated balance sheet . changes in fair value of msrs are recorded in commissions and fees in the company 2019s consolidated statement of income. .
Question: what was the fair value of the msr in 2008?
Answer: 4273.0
Question: and what was it in 2007?
Answer: 6392.0
Question: what was, then, the change over the year?
| -2119.0 |
CONVFINQA7470 | 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 company has elected the fair-value option where the interest-rate risk of such liabilities is economically hedged with derivative contracts or the proceeds are used to purchase financial assets that will also be accounted for at fair value through earnings . the election has been made to mitigate accounting mismatches and to achieve operational simplifications . these positions are reported in short-term borrowings and long-term debt on the company 2019s consolidated balance sheet . the majority of these non-structured liabilities are a result of the company 2019s election of the fair-value option for liabilities associated with the citi-advised structured investment vehicles ( sivs ) , which were consolidated during the fourth quarter of 2007 . the change in fair values of the sivs 2019 liabilities reported in earnings was $ 2.6 billion for the year ended december 31 , 2008 . for these non-structured liabilities the aggregate fair value is $ 263 million lower than the aggregate unpaid principal balance as of december 31 , 2008 . for all other non-structured liabilities classified as long-term debt for which the fair-value option has been elected , the aggregate unpaid principal balance exceeds the aggregate fair value of such instruments by $ 97 million as of december 31 , 2008 while the aggregate fair value exceeded the aggregate unpaid principal by $ 112 million as of december 31 , 2007 . the change in fair value of these non-structured liabilities reported a gain of $ 1.2 billion for the year ended december 31 , 2008 . the change in fair value for these non-structured liabilities is reported in principal transactions in the company 2019s consolidated statement of income . related interest expense continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement . certain mortgage loans citigroup has elected the fair-value option for certain purchased and originated prime fixed-rate and conforming adjustable-rate first mortgage loans held-for- sale . these loans are intended for sale or securitization and are hedged with derivative instruments . the company has elected the fair-value option to mitigate accounting mismatches in cases where hedge accounting is complex and to achieve operational simplifications . the fair-value option was not elected for loans held-for-investment , as those loans are not hedged with derivative instruments . this election was effective for applicable instruments originated or purchased on or after september 1 , 2007 . the following table provides information about certain mortgage loans carried at fair value : in millions of dollars december 31 , december 31 , carrying amount reported on the consolidated balance sheet $ 4273 $ 6392 aggregate fair value in excess of unpaid principal balance $ 138 $ 136 balance on non-accrual loans or loans more than 90 days past due $ 9 $ 17 aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due $ 2 $ 2014 the changes in fair values of these mortgage loans is reported in other revenue in the company 2019s consolidated statement of income . the changes in fair value during the year ended december 31 , 2008 due to instrument- specific credit risk resulted in a $ 32 million loss . the change in fair value during 2007 due to instrument-specific credit risk was immaterial . related interest income continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement . items selected for fair-value accounting in accordance with sfas 155 and sfas 156 certain hybrid financial instruments the company has elected to apply fair-value accounting under sfas 155 for certain hybrid financial assets and liabilities whose performance is linked to risks other than interest rate , foreign exchange or inflation ( e.g. , equity , credit or commodity risks ) . in addition , the company has elected fair-value accounting under sfas 155 for residual interests retained from securitizing certain financial assets . the company has elected fair-value accounting for these instruments because these exposures are considered to be trading-related positions and , therefore , are managed on a fair-value basis . in addition , the accounting for these instruments is simplified under a fair-value approach as it eliminates the complicated operational requirements of bifurcating the embedded derivatives from the host contracts and accounting for each separately . the hybrid financial instruments are classified as trading account assets , loans , deposits , trading account liabilities ( for prepaid derivatives ) , short-term borrowings or long-term debt on the company 2019s consolidated balance sheet according to their legal form , while residual interests in certain securitizations are classified as trading account assets . for hybrid financial instruments for which fair-value accounting has been elected under sfas 155 and that are classified as long-term debt , the aggregate unpaid principal exceeds the aggregate fair value by $ 1.9 billion as of december 31 , 2008 , while the aggregate fair value exceeds the aggregate unpaid principal balance by $ 460 million as of december 31 , 2007 . the difference for those instruments classified as loans is immaterial . changes in fair value for hybrid financial instruments , which in most cases includes a component for accrued interest , are recorded in principal transactions in the company 2019s consolidated statement of income . interest accruals for certain hybrid instruments classified as trading assets are recorded separately from the change in fair value as interest revenue in the company 2019s consolidated statement of income . mortgage servicing rights the company accounts for mortgage servicing rights ( msrs ) at fair value in accordance with sfas 156 . fair value for msrs is determined using an option-adjusted spread valuation approach . this approach consists of projecting servicing cash flows under multiple interest-rate scenarios and discounting these cash flows using risk-adjusted rates . the model assumptions used in the valuation of msrs include mortgage prepayment speeds and discount rates . the fair value of msrs is primarily affected by changes in prepayments that result from shifts in mortgage interest rates . in managing this risk , the company hedges a significant portion of the values of its msrs through the use of interest-rate derivative contracts , forward- purchase commitments of mortgage-backed securities , and purchased securities classified as trading . see note 23 on page 175 for further discussions regarding the accounting and reporting of msrs . these msrs , which totaled $ 5.7 billion and $ 8.4 billion as of december 31 , 2008 and december 31 , 2007 , respectively , are classified as mortgage servicing rights on citigroup 2019s consolidated balance sheet . changes in fair value of msrs are recorded in commissions and fees in the company 2019s consolidated statement of income. . <table class='wikitable'><tr><td>1</td><td>in millions of dollars</td><td>december 31 2008</td><td>december 31 2007</td></tr><tr><td>2</td><td>carrying amount reported on the consolidated balance sheet</td><td>$ 4273</td><td>$ 6392</td></tr><tr><td>3</td><td>aggregate fair value in excess of unpaid principal balance</td><td>$ 138</td><td>$ 136</td></tr><tr><td>4</td><td>balance on non-accrual loans or loans more than 90 days past due</td><td>$ 9</td><td>$ 17</td></tr><tr><td>5</td><td>aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days pastdue</td><td>$ 2</td><td>$ 2014</td></tr></table> the company has elected the fair-value option where the interest-rate risk of such liabilities is economically hedged with derivative contracts or the proceeds are used to purchase financial assets that will also be accounted for at fair value through earnings . the election has been made to mitigate accounting mismatches and to achieve operational simplifications . these positions are reported in short-term borrowings and long-term debt on the company 2019s consolidated balance sheet . the majority of these non-structured liabilities are a result of the company 2019s election of the fair-value option for liabilities associated with the citi-advised structured investment vehicles ( sivs ) , which were consolidated during the fourth quarter of 2007 . the change in fair values of the sivs 2019 liabilities reported in earnings was $ 2.6 billion for the year ended december 31 , 2008 . for these non-structured liabilities the aggregate fair value is $ 263 million lower than the aggregate unpaid principal balance as of december 31 , 2008 . for all other non-structured liabilities classified as long-term debt for which the fair-value option has been elected , the aggregate unpaid principal balance exceeds the aggregate fair value of such instruments by $ 97 million as of december 31 , 2008 while the aggregate fair value exceeded the aggregate unpaid principal by $ 112 million as of december 31 , 2007 . the change in fair value of these non-structured liabilities reported a gain of $ 1.2 billion for the year ended december 31 , 2008 . the change in fair value for these non-structured liabilities is reported in principal transactions in the company 2019s consolidated statement of income . related interest expense continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement . certain mortgage loans citigroup has elected the fair-value option for certain purchased and originated prime fixed-rate and conforming adjustable-rate first mortgage loans held-for- sale . these loans are intended for sale or securitization and are hedged with derivative instruments . the company has elected the fair-value option to mitigate accounting mismatches in cases where hedge accounting is complex and to achieve operational simplifications . the fair-value option was not elected for loans held-for-investment , as those loans are not hedged with derivative instruments . this election was effective for applicable instruments originated or purchased on or after september 1 , 2007 . the following table provides information about certain mortgage loans carried at fair value : in millions of dollars december 31 , december 31 , carrying amount reported on the consolidated balance sheet $ 4273 $ 6392 aggregate fair value in excess of unpaid principal balance $ 138 $ 136 balance on non-accrual loans or loans more than 90 days past due $ 9 $ 17 aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due $ 2 $ 2014 the changes in fair values of these mortgage loans is reported in other revenue in the company 2019s consolidated statement of income . the changes in fair value during the year ended december 31 , 2008 due to instrument- specific credit risk resulted in a $ 32 million loss . the change in fair value during 2007 due to instrument-specific credit risk was immaterial . related interest income continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement . items selected for fair-value accounting in accordance with sfas 155 and sfas 156 certain hybrid financial instruments the company has elected to apply fair-value accounting under sfas 155 for certain hybrid financial assets and liabilities whose performance is linked to risks other than interest rate , foreign exchange or inflation ( e.g. , equity , credit or commodity risks ) . in addition , the company has elected fair-value accounting under sfas 155 for residual interests retained from securitizing certain financial assets . the company has elected fair-value accounting for these instruments because these exposures are considered to be trading-related positions and , therefore , are managed on a fair-value basis . in addition , the accounting for these instruments is simplified under a fair-value approach as it eliminates the complicated operational requirements of bifurcating the embedded derivatives from the host contracts and accounting for each separately . the hybrid financial instruments are classified as trading account assets , loans , deposits , trading account liabilities ( for prepaid derivatives ) , short-term borrowings or long-term debt on the company 2019s consolidated balance sheet according to their legal form , while residual interests in certain securitizations are classified as trading account assets . for hybrid financial instruments for which fair-value accounting has been elected under sfas 155 and that are classified as long-term debt , the aggregate unpaid principal exceeds the aggregate fair value by $ 1.9 billion as of december 31 , 2008 , while the aggregate fair value exceeds the aggregate unpaid principal balance by $ 460 million as of december 31 , 2007 . the difference for those instruments classified as loans is immaterial . changes in fair value for hybrid financial instruments , which in most cases includes a component for accrued interest , are recorded in principal transactions in the company 2019s consolidated statement of income . interest accruals for certain hybrid instruments classified as trading assets are recorded separately from the change in fair value as interest revenue in the company 2019s consolidated statement of income . mortgage servicing rights the company accounts for mortgage servicing rights ( msrs ) at fair value in accordance with sfas 156 . fair value for msrs is determined using an option-adjusted spread valuation approach . this approach consists of projecting servicing cash flows under multiple interest-rate scenarios and discounting these cash flows using risk-adjusted rates . the model assumptions used in the valuation of msrs include mortgage prepayment speeds and discount rates . the fair value of msrs is primarily affected by changes in prepayments that result from shifts in mortgage interest rates . in managing this risk , the company hedges a significant portion of the values of its msrs through the use of interest-rate derivative contracts , forward- purchase commitments of mortgage-backed securities , and purchased securities classified as trading . see note 23 on page 175 for further discussions regarding the accounting and reporting of msrs . these msrs , which totaled $ 5.7 billion and $ 8.4 billion as of december 31 , 2008 and december 31 , 2007 , respectively , are classified as mortgage servicing rights on citigroup 2019s consolidated balance sheet . changes in fair value of msrs are recorded in commissions and fees in the company 2019s consolidated statement of income. .
Question: what was the fair value of the msr in 2008?
Answer: 4273.0
Question: and what was it in 2007?
Answer: 6392.0
Question: what was, then, the change over the year?
Answer: -2119.0
Question: what was the fair value of the msr in 2007?
| 6392.0 |
CONVFINQA7471 | 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 company has elected the fair-value option where the interest-rate risk of such liabilities is economically hedged with derivative contracts or the proceeds are used to purchase financial assets that will also be accounted for at fair value through earnings . the election has been made to mitigate accounting mismatches and to achieve operational simplifications . these positions are reported in short-term borrowings and long-term debt on the company 2019s consolidated balance sheet . the majority of these non-structured liabilities are a result of the company 2019s election of the fair-value option for liabilities associated with the citi-advised structured investment vehicles ( sivs ) , which were consolidated during the fourth quarter of 2007 . the change in fair values of the sivs 2019 liabilities reported in earnings was $ 2.6 billion for the year ended december 31 , 2008 . for these non-structured liabilities the aggregate fair value is $ 263 million lower than the aggregate unpaid principal balance as of december 31 , 2008 . for all other non-structured liabilities classified as long-term debt for which the fair-value option has been elected , the aggregate unpaid principal balance exceeds the aggregate fair value of such instruments by $ 97 million as of december 31 , 2008 while the aggregate fair value exceeded the aggregate unpaid principal by $ 112 million as of december 31 , 2007 . the change in fair value of these non-structured liabilities reported a gain of $ 1.2 billion for the year ended december 31 , 2008 . the change in fair value for these non-structured liabilities is reported in principal transactions in the company 2019s consolidated statement of income . related interest expense continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement . certain mortgage loans citigroup has elected the fair-value option for certain purchased and originated prime fixed-rate and conforming adjustable-rate first mortgage loans held-for- sale . these loans are intended for sale or securitization and are hedged with derivative instruments . the company has elected the fair-value option to mitigate accounting mismatches in cases where hedge accounting is complex and to achieve operational simplifications . the fair-value option was not elected for loans held-for-investment , as those loans are not hedged with derivative instruments . this election was effective for applicable instruments originated or purchased on or after september 1 , 2007 . the following table provides information about certain mortgage loans carried at fair value : in millions of dollars december 31 , december 31 , carrying amount reported on the consolidated balance sheet $ 4273 $ 6392 aggregate fair value in excess of unpaid principal balance $ 138 $ 136 balance on non-accrual loans or loans more than 90 days past due $ 9 $ 17 aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due $ 2 $ 2014 the changes in fair values of these mortgage loans is reported in other revenue in the company 2019s consolidated statement of income . the changes in fair value during the year ended december 31 , 2008 due to instrument- specific credit risk resulted in a $ 32 million loss . the change in fair value during 2007 due to instrument-specific credit risk was immaterial . related interest income continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement . items selected for fair-value accounting in accordance with sfas 155 and sfas 156 certain hybrid financial instruments the company has elected to apply fair-value accounting under sfas 155 for certain hybrid financial assets and liabilities whose performance is linked to risks other than interest rate , foreign exchange or inflation ( e.g. , equity , credit or commodity risks ) . in addition , the company has elected fair-value accounting under sfas 155 for residual interests retained from securitizing certain financial assets . the company has elected fair-value accounting for these instruments because these exposures are considered to be trading-related positions and , therefore , are managed on a fair-value basis . in addition , the accounting for these instruments is simplified under a fair-value approach as it eliminates the complicated operational requirements of bifurcating the embedded derivatives from the host contracts and accounting for each separately . the hybrid financial instruments are classified as trading account assets , loans , deposits , trading account liabilities ( for prepaid derivatives ) , short-term borrowings or long-term debt on the company 2019s consolidated balance sheet according to their legal form , while residual interests in certain securitizations are classified as trading account assets . for hybrid financial instruments for which fair-value accounting has been elected under sfas 155 and that are classified as long-term debt , the aggregate unpaid principal exceeds the aggregate fair value by $ 1.9 billion as of december 31 , 2008 , while the aggregate fair value exceeds the aggregate unpaid principal balance by $ 460 million as of december 31 , 2007 . the difference for those instruments classified as loans is immaterial . changes in fair value for hybrid financial instruments , which in most cases includes a component for accrued interest , are recorded in principal transactions in the company 2019s consolidated statement of income . interest accruals for certain hybrid instruments classified as trading assets are recorded separately from the change in fair value as interest revenue in the company 2019s consolidated statement of income . mortgage servicing rights the company accounts for mortgage servicing rights ( msrs ) at fair value in accordance with sfas 156 . fair value for msrs is determined using an option-adjusted spread valuation approach . this approach consists of projecting servicing cash flows under multiple interest-rate scenarios and discounting these cash flows using risk-adjusted rates . the model assumptions used in the valuation of msrs include mortgage prepayment speeds and discount rates . the fair value of msrs is primarily affected by changes in prepayments that result from shifts in mortgage interest rates . in managing this risk , the company hedges a significant portion of the values of its msrs through the use of interest-rate derivative contracts , forward- purchase commitments of mortgage-backed securities , and purchased securities classified as trading . see note 23 on page 175 for further discussions regarding the accounting and reporting of msrs . these msrs , which totaled $ 5.7 billion and $ 8.4 billion as of december 31 , 2008 and december 31 , 2007 , respectively , are classified as mortgage servicing rights on citigroup 2019s consolidated balance sheet . changes in fair value of msrs are recorded in commissions and fees in the company 2019s consolidated statement of income. . <table class='wikitable'><tr><td>1</td><td>in millions of dollars</td><td>december 31 2008</td><td>december 31 2007</td></tr><tr><td>2</td><td>carrying amount reported on the consolidated balance sheet</td><td>$ 4273</td><td>$ 6392</td></tr><tr><td>3</td><td>aggregate fair value in excess of unpaid principal balance</td><td>$ 138</td><td>$ 136</td></tr><tr><td>4</td><td>balance on non-accrual loans or loans more than 90 days past due</td><td>$ 9</td><td>$ 17</td></tr><tr><td>5</td><td>aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days pastdue</td><td>$ 2</td><td>$ 2014</td></tr></table> the company has elected the fair-value option where the interest-rate risk of such liabilities is economically hedged with derivative contracts or the proceeds are used to purchase financial assets that will also be accounted for at fair value through earnings . the election has been made to mitigate accounting mismatches and to achieve operational simplifications . these positions are reported in short-term borrowings and long-term debt on the company 2019s consolidated balance sheet . the majority of these non-structured liabilities are a result of the company 2019s election of the fair-value option for liabilities associated with the citi-advised structured investment vehicles ( sivs ) , which were consolidated during the fourth quarter of 2007 . the change in fair values of the sivs 2019 liabilities reported in earnings was $ 2.6 billion for the year ended december 31 , 2008 . for these non-structured liabilities the aggregate fair value is $ 263 million lower than the aggregate unpaid principal balance as of december 31 , 2008 . for all other non-structured liabilities classified as long-term debt for which the fair-value option has been elected , the aggregate unpaid principal balance exceeds the aggregate fair value of such instruments by $ 97 million as of december 31 , 2008 while the aggregate fair value exceeded the aggregate unpaid principal by $ 112 million as of december 31 , 2007 . the change in fair value of these non-structured liabilities reported a gain of $ 1.2 billion for the year ended december 31 , 2008 . the change in fair value for these non-structured liabilities is reported in principal transactions in the company 2019s consolidated statement of income . related interest expense continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement . certain mortgage loans citigroup has elected the fair-value option for certain purchased and originated prime fixed-rate and conforming adjustable-rate first mortgage loans held-for- sale . these loans are intended for sale or securitization and are hedged with derivative instruments . the company has elected the fair-value option to mitigate accounting mismatches in cases where hedge accounting is complex and to achieve operational simplifications . the fair-value option was not elected for loans held-for-investment , as those loans are not hedged with derivative instruments . this election was effective for applicable instruments originated or purchased on or after september 1 , 2007 . the following table provides information about certain mortgage loans carried at fair value : in millions of dollars december 31 , december 31 , carrying amount reported on the consolidated balance sheet $ 4273 $ 6392 aggregate fair value in excess of unpaid principal balance $ 138 $ 136 balance on non-accrual loans or loans more than 90 days past due $ 9 $ 17 aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due $ 2 $ 2014 the changes in fair values of these mortgage loans is reported in other revenue in the company 2019s consolidated statement of income . the changes in fair value during the year ended december 31 , 2008 due to instrument- specific credit risk resulted in a $ 32 million loss . the change in fair value during 2007 due to instrument-specific credit risk was immaterial . related interest income continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement . items selected for fair-value accounting in accordance with sfas 155 and sfas 156 certain hybrid financial instruments the company has elected to apply fair-value accounting under sfas 155 for certain hybrid financial assets and liabilities whose performance is linked to risks other than interest rate , foreign exchange or inflation ( e.g. , equity , credit or commodity risks ) . in addition , the company has elected fair-value accounting under sfas 155 for residual interests retained from securitizing certain financial assets . the company has elected fair-value accounting for these instruments because these exposures are considered to be trading-related positions and , therefore , are managed on a fair-value basis . in addition , the accounting for these instruments is simplified under a fair-value approach as it eliminates the complicated operational requirements of bifurcating the embedded derivatives from the host contracts and accounting for each separately . the hybrid financial instruments are classified as trading account assets , loans , deposits , trading account liabilities ( for prepaid derivatives ) , short-term borrowings or long-term debt on the company 2019s consolidated balance sheet according to their legal form , while residual interests in certain securitizations are classified as trading account assets . for hybrid financial instruments for which fair-value accounting has been elected under sfas 155 and that are classified as long-term debt , the aggregate unpaid principal exceeds the aggregate fair value by $ 1.9 billion as of december 31 , 2008 , while the aggregate fair value exceeds the aggregate unpaid principal balance by $ 460 million as of december 31 , 2007 . the difference for those instruments classified as loans is immaterial . changes in fair value for hybrid financial instruments , which in most cases includes a component for accrued interest , are recorded in principal transactions in the company 2019s consolidated statement of income . interest accruals for certain hybrid instruments classified as trading assets are recorded separately from the change in fair value as interest revenue in the company 2019s consolidated statement of income . mortgage servicing rights the company accounts for mortgage servicing rights ( msrs ) at fair value in accordance with sfas 156 . fair value for msrs is determined using an option-adjusted spread valuation approach . this approach consists of projecting servicing cash flows under multiple interest-rate scenarios and discounting these cash flows using risk-adjusted rates . the model assumptions used in the valuation of msrs include mortgage prepayment speeds and discount rates . the fair value of msrs is primarily affected by changes in prepayments that result from shifts in mortgage interest rates . in managing this risk , the company hedges a significant portion of the values of its msrs through the use of interest-rate derivative contracts , forward- purchase commitments of mortgage-backed securities , and purchased securities classified as trading . see note 23 on page 175 for further discussions regarding the accounting and reporting of msrs . these msrs , which totaled $ 5.7 billion and $ 8.4 billion as of december 31 , 2008 and december 31 , 2007 , respectively , are classified as mortgage servicing rights on citigroup 2019s consolidated balance sheet . changes in fair value of msrs are recorded in commissions and fees in the company 2019s consolidated statement of income. .
Question: what was the fair value of the msr in 2008?
Answer: 4273.0
Question: and what was it in 2007?
Answer: 6392.0
Question: what was, then, the change over the year?
Answer: -2119.0
Question: what was the fair value of the msr in 2007?
Answer: 6392.0
Question: and how much does that change represent in relation to this 2007 fair value, in percentage?
| -0.33151 |
CONVFINQA7472 | 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.
2018 emerson annual report | 51 as of september 30 , 2018 , 1874750 shares awarded primarily in 2016 were outstanding , contingent on the company achieving its performance objectives through 2018 . the objectives for these shares were met at the 97 percent level at the end of 2018 and 1818508 shares will be distributed in early 2019 . additionally , the rights to receive a maximum of 2261700 and 2375313 common shares were awarded in 2018 and 2017 , respectively , under the new performance shares program , and are outstanding and contingent upon the company achieving its performance objectives through 2020 and 2019 , respectively . incentive shares plans also include restricted stock awards which involve distribution of common stock to key management employees subject to cliff vesting at the end of service periods ranging from three to ten years . the fair value of restricted stock awards is determined based on the average of the high and low market prices of the company 2019s common stock on the date of grant , with compensation expense recognized ratably over the applicable service period . in 2018 , 310000 shares of restricted stock vested as a result of participants fulfilling the applicable service requirements . consequently , 167837 shares were issued while 142163 shares were withheld for income taxes in accordance with minimum withholding requirements . as of september 30 , 2018 , there were 1276200 shares of unvested restricted stock outstanding . the total fair value of shares distributed under incentive shares plans was $ 20 , $ 245 and $ 11 , respectively , in 2018 , 2017 and 2016 , of which $ 9 , $ 101 and $ 4 was paid in cash , primarily for tax withholding . as of september 30 , 2018 , 10.3 million shares remained available for award under incentive shares plans . changes in shares outstanding but not yet earned under incentive shares plans during the year ended september 30 , 2018 follow ( shares in thousands ; assumes 100 percent payout of unvested awards ) : average grant date shares fair value per share . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares</td><td>average grant datefair value per share</td></tr><tr><td>2</td><td>beginning of year</td><td>4999</td><td>$ 50.33</td></tr><tr><td>3</td><td>granted</td><td>2295</td><td>$ 63.79</td></tr><tr><td>4</td><td>earned/vested</td><td>-310 ( 310 )</td><td>$ 51.27</td></tr><tr><td>5</td><td>canceled</td><td>-86 ( 86 )</td><td>$ 56.53</td></tr><tr><td>6</td><td>end of year</td><td>6898</td><td>$ 54.69</td></tr></table> total compensation expense for stock options and incentive shares was $ 216 , $ 115 and $ 159 for 2018 , 2017 and 2016 , respectively , of which $ 5 and $ 14 was included in discontinued operations for 2017 and 2016 , respectively . the increase in expense for 2018 reflects an increase in the company 2019s stock price and progress toward achieving its performance objectives . the decrease in expense for 2017 reflects the impact of changes in the stock price . income tax benefits recognized in the income statement for these compensation arrangements during 2018 , 2017 and 2016 were $ 42 , $ 33 and $ 45 , respectively . as of september 30 , 2018 , total unrecognized compensation expense related to unvested shares awarded under these plans was $ 182 , which is expected to be recognized over a weighted-average period of 1.1 years . in addition to the employee stock option and incentive shares plans , in 2018 the company awarded 12228 shares of restricted stock and 2038 restricted stock units under the restricted stock plan for non-management directors . as of september 30 , 2018 , 159965 shares were available for issuance under this plan . ( 16 ) common and preferred stock at september 30 , 2018 , 37.0 million shares of common stock were reserved for issuance under the company 2019s stock-based compensation plans . during 2018 , 15.1 million common shares were purchased and 2.6 million treasury shares were reissued . in 2017 , 6.6 million common shares were purchased and 5.5 million treasury shares were reissued . at september 30 , 2018 and 2017 , the company had 5.4 million shares of $ 2.50 par value preferred stock authorized , with none issued. .
Question: how many shares were repurchased during 2018?
| 15.1 |
CONVFINQA7473 | 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.
2018 emerson annual report | 51 as of september 30 , 2018 , 1874750 shares awarded primarily in 2016 were outstanding , contingent on the company achieving its performance objectives through 2018 . the objectives for these shares were met at the 97 percent level at the end of 2018 and 1818508 shares will be distributed in early 2019 . additionally , the rights to receive a maximum of 2261700 and 2375313 common shares were awarded in 2018 and 2017 , respectively , under the new performance shares program , and are outstanding and contingent upon the company achieving its performance objectives through 2020 and 2019 , respectively . incentive shares plans also include restricted stock awards which involve distribution of common stock to key management employees subject to cliff vesting at the end of service periods ranging from three to ten years . the fair value of restricted stock awards is determined based on the average of the high and low market prices of the company 2019s common stock on the date of grant , with compensation expense recognized ratably over the applicable service period . in 2018 , 310000 shares of restricted stock vested as a result of participants fulfilling the applicable service requirements . consequently , 167837 shares were issued while 142163 shares were withheld for income taxes in accordance with minimum withholding requirements . as of september 30 , 2018 , there were 1276200 shares of unvested restricted stock outstanding . the total fair value of shares distributed under incentive shares plans was $ 20 , $ 245 and $ 11 , respectively , in 2018 , 2017 and 2016 , of which $ 9 , $ 101 and $ 4 was paid in cash , primarily for tax withholding . as of september 30 , 2018 , 10.3 million shares remained available for award under incentive shares plans . changes in shares outstanding but not yet earned under incentive shares plans during the year ended september 30 , 2018 follow ( shares in thousands ; assumes 100 percent payout of unvested awards ) : average grant date shares fair value per share . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares</td><td>average grant datefair value per share</td></tr><tr><td>2</td><td>beginning of year</td><td>4999</td><td>$ 50.33</td></tr><tr><td>3</td><td>granted</td><td>2295</td><td>$ 63.79</td></tr><tr><td>4</td><td>earned/vested</td><td>-310 ( 310 )</td><td>$ 51.27</td></tr><tr><td>5</td><td>canceled</td><td>-86 ( 86 )</td><td>$ 56.53</td></tr><tr><td>6</td><td>end of year</td><td>6898</td><td>$ 54.69</td></tr></table> total compensation expense for stock options and incentive shares was $ 216 , $ 115 and $ 159 for 2018 , 2017 and 2016 , respectively , of which $ 5 and $ 14 was included in discontinued operations for 2017 and 2016 , respectively . the increase in expense for 2018 reflects an increase in the company 2019s stock price and progress toward achieving its performance objectives . the decrease in expense for 2017 reflects the impact of changes in the stock price . income tax benefits recognized in the income statement for these compensation arrangements during 2018 , 2017 and 2016 were $ 42 , $ 33 and $ 45 , respectively . as of september 30 , 2018 , total unrecognized compensation expense related to unvested shares awarded under these plans was $ 182 , which is expected to be recognized over a weighted-average period of 1.1 years . in addition to the employee stock option and incentive shares plans , in 2018 the company awarded 12228 shares of restricted stock and 2038 restricted stock units under the restricted stock plan for non-management directors . as of september 30 , 2018 , 159965 shares were available for issuance under this plan . ( 16 ) common and preferred stock at september 30 , 2018 , 37.0 million shares of common stock were reserved for issuance under the company 2019s stock-based compensation plans . during 2018 , 15.1 million common shares were purchased and 2.6 million treasury shares were reissued . in 2017 , 6.6 million common shares were purchased and 5.5 million treasury shares were reissued . at september 30 , 2018 and 2017 , the company had 5.4 million shares of $ 2.50 par value preferred stock authorized , with none issued. .
Question: how many shares were repurchased during 2018?
Answer: 15.1
Question: what about the number of shares reissued?
| 2.6 |
CONVFINQA7474 | 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.
2018 emerson annual report | 51 as of september 30 , 2018 , 1874750 shares awarded primarily in 2016 were outstanding , contingent on the company achieving its performance objectives through 2018 . the objectives for these shares were met at the 97 percent level at the end of 2018 and 1818508 shares will be distributed in early 2019 . additionally , the rights to receive a maximum of 2261700 and 2375313 common shares were awarded in 2018 and 2017 , respectively , under the new performance shares program , and are outstanding and contingent upon the company achieving its performance objectives through 2020 and 2019 , respectively . incentive shares plans also include restricted stock awards which involve distribution of common stock to key management employees subject to cliff vesting at the end of service periods ranging from three to ten years . the fair value of restricted stock awards is determined based on the average of the high and low market prices of the company 2019s common stock on the date of grant , with compensation expense recognized ratably over the applicable service period . in 2018 , 310000 shares of restricted stock vested as a result of participants fulfilling the applicable service requirements . consequently , 167837 shares were issued while 142163 shares were withheld for income taxes in accordance with minimum withholding requirements . as of september 30 , 2018 , there were 1276200 shares of unvested restricted stock outstanding . the total fair value of shares distributed under incentive shares plans was $ 20 , $ 245 and $ 11 , respectively , in 2018 , 2017 and 2016 , of which $ 9 , $ 101 and $ 4 was paid in cash , primarily for tax withholding . as of september 30 , 2018 , 10.3 million shares remained available for award under incentive shares plans . changes in shares outstanding but not yet earned under incentive shares plans during the year ended september 30 , 2018 follow ( shares in thousands ; assumes 100 percent payout of unvested awards ) : average grant date shares fair value per share . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares</td><td>average grant datefair value per share</td></tr><tr><td>2</td><td>beginning of year</td><td>4999</td><td>$ 50.33</td></tr><tr><td>3</td><td>granted</td><td>2295</td><td>$ 63.79</td></tr><tr><td>4</td><td>earned/vested</td><td>-310 ( 310 )</td><td>$ 51.27</td></tr><tr><td>5</td><td>canceled</td><td>-86 ( 86 )</td><td>$ 56.53</td></tr><tr><td>6</td><td>end of year</td><td>6898</td><td>$ 54.69</td></tr></table> total compensation expense for stock options and incentive shares was $ 216 , $ 115 and $ 159 for 2018 , 2017 and 2016 , respectively , of which $ 5 and $ 14 was included in discontinued operations for 2017 and 2016 , respectively . the increase in expense for 2018 reflects an increase in the company 2019s stock price and progress toward achieving its performance objectives . the decrease in expense for 2017 reflects the impact of changes in the stock price . income tax benefits recognized in the income statement for these compensation arrangements during 2018 , 2017 and 2016 were $ 42 , $ 33 and $ 45 , respectively . as of september 30 , 2018 , total unrecognized compensation expense related to unvested shares awarded under these plans was $ 182 , which is expected to be recognized over a weighted-average period of 1.1 years . in addition to the employee stock option and incentive shares plans , in 2018 the company awarded 12228 shares of restricted stock and 2038 restricted stock units under the restricted stock plan for non-management directors . as of september 30 , 2018 , 159965 shares were available for issuance under this plan . ( 16 ) common and preferred stock at september 30 , 2018 , 37.0 million shares of common stock were reserved for issuance under the company 2019s stock-based compensation plans . during 2018 , 15.1 million common shares were purchased and 2.6 million treasury shares were reissued . in 2017 , 6.6 million common shares were purchased and 5.5 million treasury shares were reissued . at september 30 , 2018 and 2017 , the company had 5.4 million shares of $ 2.50 par value preferred stock authorized , with none issued. .
Question: how many shares were repurchased during 2018?
Answer: 15.1
Question: what about the number of shares reissued?
Answer: 2.6
Question: what is the net number of shares repurchased?
| 12.5 |
CONVFINQA7475 | 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.
2018 emerson annual report | 51 as of september 30 , 2018 , 1874750 shares awarded primarily in 2016 were outstanding , contingent on the company achieving its performance objectives through 2018 . the objectives for these shares were met at the 97 percent level at the end of 2018 and 1818508 shares will be distributed in early 2019 . additionally , the rights to receive a maximum of 2261700 and 2375313 common shares were awarded in 2018 and 2017 , respectively , under the new performance shares program , and are outstanding and contingent upon the company achieving its performance objectives through 2020 and 2019 , respectively . incentive shares plans also include restricted stock awards which involve distribution of common stock to key management employees subject to cliff vesting at the end of service periods ranging from three to ten years . the fair value of restricted stock awards is determined based on the average of the high and low market prices of the company 2019s common stock on the date of grant , with compensation expense recognized ratably over the applicable service period . in 2018 , 310000 shares of restricted stock vested as a result of participants fulfilling the applicable service requirements . consequently , 167837 shares were issued while 142163 shares were withheld for income taxes in accordance with minimum withholding requirements . as of september 30 , 2018 , there were 1276200 shares of unvested restricted stock outstanding . the total fair value of shares distributed under incentive shares plans was $ 20 , $ 245 and $ 11 , respectively , in 2018 , 2017 and 2016 , of which $ 9 , $ 101 and $ 4 was paid in cash , primarily for tax withholding . as of september 30 , 2018 , 10.3 million shares remained available for award under incentive shares plans . changes in shares outstanding but not yet earned under incentive shares plans during the year ended september 30 , 2018 follow ( shares in thousands ; assumes 100 percent payout of unvested awards ) : average grant date shares fair value per share . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares</td><td>average grant datefair value per share</td></tr><tr><td>2</td><td>beginning of year</td><td>4999</td><td>$ 50.33</td></tr><tr><td>3</td><td>granted</td><td>2295</td><td>$ 63.79</td></tr><tr><td>4</td><td>earned/vested</td><td>-310 ( 310 )</td><td>$ 51.27</td></tr><tr><td>5</td><td>canceled</td><td>-86 ( 86 )</td><td>$ 56.53</td></tr><tr><td>6</td><td>end of year</td><td>6898</td><td>$ 54.69</td></tr></table> total compensation expense for stock options and incentive shares was $ 216 , $ 115 and $ 159 for 2018 , 2017 and 2016 , respectively , of which $ 5 and $ 14 was included in discontinued operations for 2017 and 2016 , respectively . the increase in expense for 2018 reflects an increase in the company 2019s stock price and progress toward achieving its performance objectives . the decrease in expense for 2017 reflects the impact of changes in the stock price . income tax benefits recognized in the income statement for these compensation arrangements during 2018 , 2017 and 2016 were $ 42 , $ 33 and $ 45 , respectively . as of september 30 , 2018 , total unrecognized compensation expense related to unvested shares awarded under these plans was $ 182 , which is expected to be recognized over a weighted-average period of 1.1 years . in addition to the employee stock option and incentive shares plans , in 2018 the company awarded 12228 shares of restricted stock and 2038 restricted stock units under the restricted stock plan for non-management directors . as of september 30 , 2018 , 159965 shares were available for issuance under this plan . ( 16 ) common and preferred stock at september 30 , 2018 , 37.0 million shares of common stock were reserved for issuance under the company 2019s stock-based compensation plans . during 2018 , 15.1 million common shares were purchased and 2.6 million treasury shares were reissued . in 2017 , 6.6 million common shares were purchased and 5.5 million treasury shares were reissued . at september 30 , 2018 and 2017 , the company had 5.4 million shares of $ 2.50 par value preferred stock authorized , with none issued. .
Question: how many shares were repurchased during 2018?
Answer: 15.1
Question: what about the number of shares reissued?
Answer: 2.6
Question: what is the net number of shares repurchased?
Answer: 12.5
Question: what is the average grant date fair value per share at the beginning of the year?
| 50.33 |
CONVFINQA7476 | 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.
2018 emerson annual report | 51 as of september 30 , 2018 , 1874750 shares awarded primarily in 2016 were outstanding , contingent on the company achieving its performance objectives through 2018 . the objectives for these shares were met at the 97 percent level at the end of 2018 and 1818508 shares will be distributed in early 2019 . additionally , the rights to receive a maximum of 2261700 and 2375313 common shares were awarded in 2018 and 2017 , respectively , under the new performance shares program , and are outstanding and contingent upon the company achieving its performance objectives through 2020 and 2019 , respectively . incentive shares plans also include restricted stock awards which involve distribution of common stock to key management employees subject to cliff vesting at the end of service periods ranging from three to ten years . the fair value of restricted stock awards is determined based on the average of the high and low market prices of the company 2019s common stock on the date of grant , with compensation expense recognized ratably over the applicable service period . in 2018 , 310000 shares of restricted stock vested as a result of participants fulfilling the applicable service requirements . consequently , 167837 shares were issued while 142163 shares were withheld for income taxes in accordance with minimum withholding requirements . as of september 30 , 2018 , there were 1276200 shares of unvested restricted stock outstanding . the total fair value of shares distributed under incentive shares plans was $ 20 , $ 245 and $ 11 , respectively , in 2018 , 2017 and 2016 , of which $ 9 , $ 101 and $ 4 was paid in cash , primarily for tax withholding . as of september 30 , 2018 , 10.3 million shares remained available for award under incentive shares plans . changes in shares outstanding but not yet earned under incentive shares plans during the year ended september 30 , 2018 follow ( shares in thousands ; assumes 100 percent payout of unvested awards ) : average grant date shares fair value per share . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares</td><td>average grant datefair value per share</td></tr><tr><td>2</td><td>beginning of year</td><td>4999</td><td>$ 50.33</td></tr><tr><td>3</td><td>granted</td><td>2295</td><td>$ 63.79</td></tr><tr><td>4</td><td>earned/vested</td><td>-310 ( 310 )</td><td>$ 51.27</td></tr><tr><td>5</td><td>canceled</td><td>-86 ( 86 )</td><td>$ 56.53</td></tr><tr><td>6</td><td>end of year</td><td>6898</td><td>$ 54.69</td></tr></table> total compensation expense for stock options and incentive shares was $ 216 , $ 115 and $ 159 for 2018 , 2017 and 2016 , respectively , of which $ 5 and $ 14 was included in discontinued operations for 2017 and 2016 , respectively . the increase in expense for 2018 reflects an increase in the company 2019s stock price and progress toward achieving its performance objectives . the decrease in expense for 2017 reflects the impact of changes in the stock price . income tax benefits recognized in the income statement for these compensation arrangements during 2018 , 2017 and 2016 were $ 42 , $ 33 and $ 45 , respectively . as of september 30 , 2018 , total unrecognized compensation expense related to unvested shares awarded under these plans was $ 182 , which is expected to be recognized over a weighted-average period of 1.1 years . in addition to the employee stock option and incentive shares plans , in 2018 the company awarded 12228 shares of restricted stock and 2038 restricted stock units under the restricted stock plan for non-management directors . as of september 30 , 2018 , 159965 shares were available for issuance under this plan . ( 16 ) common and preferred stock at september 30 , 2018 , 37.0 million shares of common stock were reserved for issuance under the company 2019s stock-based compensation plans . during 2018 , 15.1 million common shares were purchased and 2.6 million treasury shares were reissued . in 2017 , 6.6 million common shares were purchased and 5.5 million treasury shares were reissued . at september 30 , 2018 and 2017 , the company had 5.4 million shares of $ 2.50 par value preferred stock authorized , with none issued. .
Question: how many shares were repurchased during 2018?
Answer: 15.1
Question: what about the number of shares reissued?
Answer: 2.6
Question: what is the net number of shares repurchased?
Answer: 12.5
Question: what is the average grant date fair value per share at the beginning of the year?
Answer: 50.33
Question: what about the the number of shares oustanding?
| 4999.0 |
CONVFINQA7477 | 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.
2018 emerson annual report | 51 as of september 30 , 2018 , 1874750 shares awarded primarily in 2016 were outstanding , contingent on the company achieving its performance objectives through 2018 . the objectives for these shares were met at the 97 percent level at the end of 2018 and 1818508 shares will be distributed in early 2019 . additionally , the rights to receive a maximum of 2261700 and 2375313 common shares were awarded in 2018 and 2017 , respectively , under the new performance shares program , and are outstanding and contingent upon the company achieving its performance objectives through 2020 and 2019 , respectively . incentive shares plans also include restricted stock awards which involve distribution of common stock to key management employees subject to cliff vesting at the end of service periods ranging from three to ten years . the fair value of restricted stock awards is determined based on the average of the high and low market prices of the company 2019s common stock on the date of grant , with compensation expense recognized ratably over the applicable service period . in 2018 , 310000 shares of restricted stock vested as a result of participants fulfilling the applicable service requirements . consequently , 167837 shares were issued while 142163 shares were withheld for income taxes in accordance with minimum withholding requirements . as of september 30 , 2018 , there were 1276200 shares of unvested restricted stock outstanding . the total fair value of shares distributed under incentive shares plans was $ 20 , $ 245 and $ 11 , respectively , in 2018 , 2017 and 2016 , of which $ 9 , $ 101 and $ 4 was paid in cash , primarily for tax withholding . as of september 30 , 2018 , 10.3 million shares remained available for award under incentive shares plans . changes in shares outstanding but not yet earned under incentive shares plans during the year ended september 30 , 2018 follow ( shares in thousands ; assumes 100 percent payout of unvested awards ) : average grant date shares fair value per share . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares</td><td>average grant datefair value per share</td></tr><tr><td>2</td><td>beginning of year</td><td>4999</td><td>$ 50.33</td></tr><tr><td>3</td><td>granted</td><td>2295</td><td>$ 63.79</td></tr><tr><td>4</td><td>earned/vested</td><td>-310 ( 310 )</td><td>$ 51.27</td></tr><tr><td>5</td><td>canceled</td><td>-86 ( 86 )</td><td>$ 56.53</td></tr><tr><td>6</td><td>end of year</td><td>6898</td><td>$ 54.69</td></tr></table> total compensation expense for stock options and incentive shares was $ 216 , $ 115 and $ 159 for 2018 , 2017 and 2016 , respectively , of which $ 5 and $ 14 was included in discontinued operations for 2017 and 2016 , respectively . the increase in expense for 2018 reflects an increase in the company 2019s stock price and progress toward achieving its performance objectives . the decrease in expense for 2017 reflects the impact of changes in the stock price . income tax benefits recognized in the income statement for these compensation arrangements during 2018 , 2017 and 2016 were $ 42 , $ 33 and $ 45 , respectively . as of september 30 , 2018 , total unrecognized compensation expense related to unvested shares awarded under these plans was $ 182 , which is expected to be recognized over a weighted-average period of 1.1 years . in addition to the employee stock option and incentive shares plans , in 2018 the company awarded 12228 shares of restricted stock and 2038 restricted stock units under the restricted stock plan for non-management directors . as of september 30 , 2018 , 159965 shares were available for issuance under this plan . ( 16 ) common and preferred stock at september 30 , 2018 , 37.0 million shares of common stock were reserved for issuance under the company 2019s stock-based compensation plans . during 2018 , 15.1 million common shares were purchased and 2.6 million treasury shares were reissued . in 2017 , 6.6 million common shares were purchased and 5.5 million treasury shares were reissued . at september 30 , 2018 and 2017 , the company had 5.4 million shares of $ 2.50 par value preferred stock authorized , with none issued. .
Question: how many shares were repurchased during 2018?
Answer: 15.1
Question: what about the number of shares reissued?
Answer: 2.6
Question: what is the net number of shares repurchased?
Answer: 12.5
Question: what is the average grant date fair value per share at the beginning of the year?
Answer: 50.33
Question: what about the the number of shares oustanding?
Answer: 4999.0
Question: what is the total fair value?
| 251599.67 |
CONVFINQA7478 | 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.
net cash flows provided by operating activities of $ 704.4 million for 2016 increased $ 154.7 million from 2015 due primarily to ( 1 ) improved operating performance and ( 2 ) lower supplier payments in 2016 compared to 2015 , partially offset by ( 1 ) the impact of excess tax benefits from stock plans , primarily due to our increased stock price , and ( 2 ) an increase in accounts receivable due to increased sales , primarily in the united states . net cash flows provided by operating activities of $ 549.7 million for 2015 decreased $ 472.6 million from 2014 due primarily to ( 1 ) the $ 750.0 million upfront payment received from medtronic under a litigation settlement agreement , and ( 2 ) a higher bonus payout in 2015 associated with 2014 performance . these decreases were partially offset by ( 1 ) income tax payments of $ 224.5 million made in 2014 related to the medtronic settlement , ( 2 ) improved operating performance in 2015 , and ( 3 ) the $ 50.0 million charitable contribution made in 2014 to the edwards lifesciences foundation . net cash used in investing activities of $ 211.7 million in 2016 consisted primarily of capital expenditures of $ 176.1 million and $ 41.3 million for the acquisition of intangible assets . net cash used in investing activities of $ 316.1 million in 2015 consisted primarily of a $ 320.1 million net payment associated with the acquisition of cardiaq , and capital expenditures of $ 102.7 million , partially offset by net proceeds from investments of $ 119.6 million . net cash used in investing activities of $ 633.0 million in 2014 consisted primarily of net purchases of investments of $ 527.4 million and capital expenditures of $ 82.9 million . net cash used in financing activities of $ 268.5 million in 2016 consisted primarily of purchases of treasury stock of $ 662.3 million , partially offset by ( 1 ) net proceeds from the issuance of debt of $ 222.1 million , ( 2 ) proceeds from stock plans of $ 103.3 million , and ( 3 ) the excess tax benefit from stock plans of $ 64.3 million . net cash used in financing activities of $ 158.6 million in 2015 consisted primarily of purchases of treasury stock of $ 280.1 million , partially offset by ( 1 ) proceeds from stock plans of $ 87.2 million , and ( 2 ) the excess tax benefit from stock plans of $ 41.3 million . net cash used in financing activities of $ 153.0 million in 2014 consisted primarily of purchases of treasury stock of $ 300.9 million , partially offset by ( 1 ) proceeds from stock plans of $ 113.3 million , and ( 2 ) the excess tax benefit from stock plans of $ 49.4 million ( including the realization of previously unrealized excess tax benefits ) . a summary of all of our contractual obligations and commercial commitments as of december 31 , 2016 were as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>contractual obligations</td><td>payments due by period total</td><td>payments due by period less than1 year</td><td>payments due by period 1-3years</td><td>payments due by period 4-5years</td><td>payments due by period after 5years</td></tr><tr><td>2</td><td>debt</td><td>$ 825.0</td><td>$ 2014</td><td>$ 825.0</td><td>$ 2014</td><td>$ 2014</td></tr><tr><td>3</td><td>operating leases</td><td>72.6</td><td>22.3</td><td>24.9</td><td>8.8</td><td>16.6</td></tr><tr><td>4</td><td>interest on debt</td><td>30.8</td><td>16.4</td><td>14.4</td><td>2014</td><td>2014</td></tr><tr><td>5</td><td>pension obligations ( a )</td><td>6.1</td><td>6.1</td><td>2014</td><td>2014</td><td>2014</td></tr><tr><td>6</td><td>capital commitment obligations ( b )</td><td>0.6</td><td>0.3</td><td>0.3</td><td>2014</td><td>2014</td></tr><tr><td>7</td><td>purchase and other commitments</td><td>16.4</td><td>13.7</td><td>2.7</td><td>2014</td><td>2014</td></tr><tr><td>8</td><td>total contractual cash obligations ( c ) ( d )</td><td>$ 951.5</td><td>$ 58.8</td><td>$ 867.3</td><td>$ 8.8</td><td>$ 16.6</td></tr></table> ( a ) the amount included in 2018 2018less than 1 year 2019 2019 reflects anticipated contributions to our various pension plans . anticipated contributions beyond one year are not determinable . the total accrued benefit liability for our pension plans recognized as of december 31 , 2016 was $ 50.1 million . this amount is impacted .
Question: as of december 31, 2016, what percentage of the total contractual cash obligations was from debt?
| 0.86705 |
CONVFINQA7479 | 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.
net cash flows provided by operating activities of $ 704.4 million for 2016 increased $ 154.7 million from 2015 due primarily to ( 1 ) improved operating performance and ( 2 ) lower supplier payments in 2016 compared to 2015 , partially offset by ( 1 ) the impact of excess tax benefits from stock plans , primarily due to our increased stock price , and ( 2 ) an increase in accounts receivable due to increased sales , primarily in the united states . net cash flows provided by operating activities of $ 549.7 million for 2015 decreased $ 472.6 million from 2014 due primarily to ( 1 ) the $ 750.0 million upfront payment received from medtronic under a litigation settlement agreement , and ( 2 ) a higher bonus payout in 2015 associated with 2014 performance . these decreases were partially offset by ( 1 ) income tax payments of $ 224.5 million made in 2014 related to the medtronic settlement , ( 2 ) improved operating performance in 2015 , and ( 3 ) the $ 50.0 million charitable contribution made in 2014 to the edwards lifesciences foundation . net cash used in investing activities of $ 211.7 million in 2016 consisted primarily of capital expenditures of $ 176.1 million and $ 41.3 million for the acquisition of intangible assets . net cash used in investing activities of $ 316.1 million in 2015 consisted primarily of a $ 320.1 million net payment associated with the acquisition of cardiaq , and capital expenditures of $ 102.7 million , partially offset by net proceeds from investments of $ 119.6 million . net cash used in investing activities of $ 633.0 million in 2014 consisted primarily of net purchases of investments of $ 527.4 million and capital expenditures of $ 82.9 million . net cash used in financing activities of $ 268.5 million in 2016 consisted primarily of purchases of treasury stock of $ 662.3 million , partially offset by ( 1 ) net proceeds from the issuance of debt of $ 222.1 million , ( 2 ) proceeds from stock plans of $ 103.3 million , and ( 3 ) the excess tax benefit from stock plans of $ 64.3 million . net cash used in financing activities of $ 158.6 million in 2015 consisted primarily of purchases of treasury stock of $ 280.1 million , partially offset by ( 1 ) proceeds from stock plans of $ 87.2 million , and ( 2 ) the excess tax benefit from stock plans of $ 41.3 million . net cash used in financing activities of $ 153.0 million in 2014 consisted primarily of purchases of treasury stock of $ 300.9 million , partially offset by ( 1 ) proceeds from stock plans of $ 113.3 million , and ( 2 ) the excess tax benefit from stock plans of $ 49.4 million ( including the realization of previously unrealized excess tax benefits ) . a summary of all of our contractual obligations and commercial commitments as of december 31 , 2016 were as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>contractual obligations</td><td>payments due by period total</td><td>payments due by period less than1 year</td><td>payments due by period 1-3years</td><td>payments due by period 4-5years</td><td>payments due by period after 5years</td></tr><tr><td>2</td><td>debt</td><td>$ 825.0</td><td>$ 2014</td><td>$ 825.0</td><td>$ 2014</td><td>$ 2014</td></tr><tr><td>3</td><td>operating leases</td><td>72.6</td><td>22.3</td><td>24.9</td><td>8.8</td><td>16.6</td></tr><tr><td>4</td><td>interest on debt</td><td>30.8</td><td>16.4</td><td>14.4</td><td>2014</td><td>2014</td></tr><tr><td>5</td><td>pension obligations ( a )</td><td>6.1</td><td>6.1</td><td>2014</td><td>2014</td><td>2014</td></tr><tr><td>6</td><td>capital commitment obligations ( b )</td><td>0.6</td><td>0.3</td><td>0.3</td><td>2014</td><td>2014</td></tr><tr><td>7</td><td>purchase and other commitments</td><td>16.4</td><td>13.7</td><td>2.7</td><td>2014</td><td>2014</td></tr><tr><td>8</td><td>total contractual cash obligations ( c ) ( d )</td><td>$ 951.5</td><td>$ 58.8</td><td>$ 867.3</td><td>$ 8.8</td><td>$ 16.6</td></tr></table> ( a ) the amount included in 2018 2018less than 1 year 2019 2019 reflects anticipated contributions to our various pension plans . anticipated contributions beyond one year are not determinable . the total accrued benefit liability for our pension plans recognized as of december 31 , 2016 was $ 50.1 million . this amount is impacted .
Question: as of december 31, 2016, what percentage of the total contractual cash obligations was from debt?
Answer: 0.86705
Question: and what percentage was from operating leases?
| 0.0763 |
CONVFINQA7480 | 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.
31mar201122064257 positions which were required to be capitalized . there are no positions which we anticipate could change materially within the next twelve months . liquidity and capital resources . <table class='wikitable'><tr><td>1</td><td>( dollars in thousands )</td><td>fiscal years ended october 1 2010</td><td>fiscal years ended october 2 2009</td><td>fiscal years ended october 3 2008</td></tr><tr><td>2</td><td>cash and cash equivalents at beginning of period</td><td>$ 364221</td><td>$ 225104</td><td>$ 241577</td></tr><tr><td>3</td><td>net cash provided by operating activities</td><td>222962</td><td>218805</td><td>182673</td></tr><tr><td>4</td><td>net cash used in investing activities</td><td>-95329 ( 95329 )</td><td>-49528 ( 49528 )</td><td>-94959 ( 94959 )</td></tr><tr><td>5</td><td>net cash used in financing activities</td><td>-38597 ( 38597 )</td><td>-30160 ( 30160 )</td><td>-104187 ( 104187 )</td></tr><tr><td>6</td><td>cash and cash equivalents at end of period ( 1 )</td><td>$ 453257</td><td>$ 364221</td><td>$ 225104</td></tr></table> ( 1 ) does not include restricted cash balances cash flow from operating activities : cash provided from operating activities is net income adjusted for certain non-cash items and changes in certain assets and liabilities . for fiscal year 2010 we generated $ 223.0 million in cash flow from operations , an increase of $ 4.2 million when compared to the $ 218.8 million generated in fiscal year 2009 . during fiscal year 2010 , net income increased by $ 42.3 million to $ 137.3 million when compared to fiscal year 2009 . despite the increase in net income , net cash provided by operating activities remained relatively consistent . this was primarily due to : 2022 fiscal year 2010 net income included a deferred tax expense of $ 38.5 million compared to a $ 24.9 million deferred tax benefit included in 2009 net income due to the release of the tax valuation allowance in fiscal year 2009 . 2022 during fiscal year 2010 , the company invested in working capital as result of higher business activity . compared to fiscal year 2009 , accounts receivable , inventory and accounts payable increased by $ 60.9 million , $ 38.8 million and $ 42.9 million , respectively . cash flow from investing activities : cash flow from investing activities consists primarily of capital expenditures and acquisitions . we had net cash outflows of $ 95.3 million in fiscal year 2010 , compared to $ 49.5 million in fiscal year 2009 . the increase is primarily due to an increase of $ 49.8 million in capital expenditures . we anticipate our capital spending to be consistent in fiscal year 2011 to maintain our projected growth rate . cash flow from financing activities : cash flows from financing activities consist primarily of cash transactions related to debt and equity . during fiscal year 2010 , we had net cash outflows of $ 38.6 million , compared to $ 30.2 million in fiscal year 2009 . during the year we had the following significant transactions : 2022 we retired $ 53.0 million in aggregate principal amount ( carrying value of $ 51.1 million ) of 2007 convertible notes for $ 80.7 million , which included a $ 29.6 million premium paid for the equity component of the instrument . 2022 we received net proceeds from employee stock option exercises of $ 40.5 million in fiscal year 2010 , compared to $ 38.7 million in fiscal year 2009 . skyworks / 2010 annual report 103 .
Question: what was the value of cash outflows in 2010?
| 95.3 |
CONVFINQA7481 | 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.
31mar201122064257 positions which were required to be capitalized . there are no positions which we anticipate could change materially within the next twelve months . liquidity and capital resources . <table class='wikitable'><tr><td>1</td><td>( dollars in thousands )</td><td>fiscal years ended october 1 2010</td><td>fiscal years ended october 2 2009</td><td>fiscal years ended october 3 2008</td></tr><tr><td>2</td><td>cash and cash equivalents at beginning of period</td><td>$ 364221</td><td>$ 225104</td><td>$ 241577</td></tr><tr><td>3</td><td>net cash provided by operating activities</td><td>222962</td><td>218805</td><td>182673</td></tr><tr><td>4</td><td>net cash used in investing activities</td><td>-95329 ( 95329 )</td><td>-49528 ( 49528 )</td><td>-94959 ( 94959 )</td></tr><tr><td>5</td><td>net cash used in financing activities</td><td>-38597 ( 38597 )</td><td>-30160 ( 30160 )</td><td>-104187 ( 104187 )</td></tr><tr><td>6</td><td>cash and cash equivalents at end of period ( 1 )</td><td>$ 453257</td><td>$ 364221</td><td>$ 225104</td></tr></table> ( 1 ) does not include restricted cash balances cash flow from operating activities : cash provided from operating activities is net income adjusted for certain non-cash items and changes in certain assets and liabilities . for fiscal year 2010 we generated $ 223.0 million in cash flow from operations , an increase of $ 4.2 million when compared to the $ 218.8 million generated in fiscal year 2009 . during fiscal year 2010 , net income increased by $ 42.3 million to $ 137.3 million when compared to fiscal year 2009 . despite the increase in net income , net cash provided by operating activities remained relatively consistent . this was primarily due to : 2022 fiscal year 2010 net income included a deferred tax expense of $ 38.5 million compared to a $ 24.9 million deferred tax benefit included in 2009 net income due to the release of the tax valuation allowance in fiscal year 2009 . 2022 during fiscal year 2010 , the company invested in working capital as result of higher business activity . compared to fiscal year 2009 , accounts receivable , inventory and accounts payable increased by $ 60.9 million , $ 38.8 million and $ 42.9 million , respectively . cash flow from investing activities : cash flow from investing activities consists primarily of capital expenditures and acquisitions . we had net cash outflows of $ 95.3 million in fiscal year 2010 , compared to $ 49.5 million in fiscal year 2009 . the increase is primarily due to an increase of $ 49.8 million in capital expenditures . we anticipate our capital spending to be consistent in fiscal year 2011 to maintain our projected growth rate . cash flow from financing activities : cash flows from financing activities consist primarily of cash transactions related to debt and equity . during fiscal year 2010 , we had net cash outflows of $ 38.6 million , compared to $ 30.2 million in fiscal year 2009 . during the year we had the following significant transactions : 2022 we retired $ 53.0 million in aggregate principal amount ( carrying value of $ 51.1 million ) of 2007 convertible notes for $ 80.7 million , which included a $ 29.6 million premium paid for the equity component of the instrument . 2022 we received net proceeds from employee stock option exercises of $ 40.5 million in fiscal year 2010 , compared to $ 38.7 million in fiscal year 2009 . skyworks / 2010 annual report 103 .
Question: what was the value of cash outflows in 2010?
Answer: 95.3
Question: what was the value of cash outflows in 2009?
| 49.5 |
CONVFINQA7482 | 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.
31mar201122064257 positions which were required to be capitalized . there are no positions which we anticipate could change materially within the next twelve months . liquidity and capital resources . <table class='wikitable'><tr><td>1</td><td>( dollars in thousands )</td><td>fiscal years ended october 1 2010</td><td>fiscal years ended october 2 2009</td><td>fiscal years ended october 3 2008</td></tr><tr><td>2</td><td>cash and cash equivalents at beginning of period</td><td>$ 364221</td><td>$ 225104</td><td>$ 241577</td></tr><tr><td>3</td><td>net cash provided by operating activities</td><td>222962</td><td>218805</td><td>182673</td></tr><tr><td>4</td><td>net cash used in investing activities</td><td>-95329 ( 95329 )</td><td>-49528 ( 49528 )</td><td>-94959 ( 94959 )</td></tr><tr><td>5</td><td>net cash used in financing activities</td><td>-38597 ( 38597 )</td><td>-30160 ( 30160 )</td><td>-104187 ( 104187 )</td></tr><tr><td>6</td><td>cash and cash equivalents at end of period ( 1 )</td><td>$ 453257</td><td>$ 364221</td><td>$ 225104</td></tr></table> ( 1 ) does not include restricted cash balances cash flow from operating activities : cash provided from operating activities is net income adjusted for certain non-cash items and changes in certain assets and liabilities . for fiscal year 2010 we generated $ 223.0 million in cash flow from operations , an increase of $ 4.2 million when compared to the $ 218.8 million generated in fiscal year 2009 . during fiscal year 2010 , net income increased by $ 42.3 million to $ 137.3 million when compared to fiscal year 2009 . despite the increase in net income , net cash provided by operating activities remained relatively consistent . this was primarily due to : 2022 fiscal year 2010 net income included a deferred tax expense of $ 38.5 million compared to a $ 24.9 million deferred tax benefit included in 2009 net income due to the release of the tax valuation allowance in fiscal year 2009 . 2022 during fiscal year 2010 , the company invested in working capital as result of higher business activity . compared to fiscal year 2009 , accounts receivable , inventory and accounts payable increased by $ 60.9 million , $ 38.8 million and $ 42.9 million , respectively . cash flow from investing activities : cash flow from investing activities consists primarily of capital expenditures and acquisitions . we had net cash outflows of $ 95.3 million in fiscal year 2010 , compared to $ 49.5 million in fiscal year 2009 . the increase is primarily due to an increase of $ 49.8 million in capital expenditures . we anticipate our capital spending to be consistent in fiscal year 2011 to maintain our projected growth rate . cash flow from financing activities : cash flows from financing activities consist primarily of cash transactions related to debt and equity . during fiscal year 2010 , we had net cash outflows of $ 38.6 million , compared to $ 30.2 million in fiscal year 2009 . during the year we had the following significant transactions : 2022 we retired $ 53.0 million in aggregate principal amount ( carrying value of $ 51.1 million ) of 2007 convertible notes for $ 80.7 million , which included a $ 29.6 million premium paid for the equity component of the instrument . 2022 we received net proceeds from employee stock option exercises of $ 40.5 million in fiscal year 2010 , compared to $ 38.7 million in fiscal year 2009 . skyworks / 2010 annual report 103 .
Question: what was the value of cash outflows in 2010?
Answer: 95.3
Question: what was the value of cash outflows in 2009?
Answer: 49.5
Question: what is the net difference?
| 45.8 |
CONVFINQA7483 | 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.
31mar201122064257 positions which were required to be capitalized . there are no positions which we anticipate could change materially within the next twelve months . liquidity and capital resources . <table class='wikitable'><tr><td>1</td><td>( dollars in thousands )</td><td>fiscal years ended october 1 2010</td><td>fiscal years ended october 2 2009</td><td>fiscal years ended october 3 2008</td></tr><tr><td>2</td><td>cash and cash equivalents at beginning of period</td><td>$ 364221</td><td>$ 225104</td><td>$ 241577</td></tr><tr><td>3</td><td>net cash provided by operating activities</td><td>222962</td><td>218805</td><td>182673</td></tr><tr><td>4</td><td>net cash used in investing activities</td><td>-95329 ( 95329 )</td><td>-49528 ( 49528 )</td><td>-94959 ( 94959 )</td></tr><tr><td>5</td><td>net cash used in financing activities</td><td>-38597 ( 38597 )</td><td>-30160 ( 30160 )</td><td>-104187 ( 104187 )</td></tr><tr><td>6</td><td>cash and cash equivalents at end of period ( 1 )</td><td>$ 453257</td><td>$ 364221</td><td>$ 225104</td></tr></table> ( 1 ) does not include restricted cash balances cash flow from operating activities : cash provided from operating activities is net income adjusted for certain non-cash items and changes in certain assets and liabilities . for fiscal year 2010 we generated $ 223.0 million in cash flow from operations , an increase of $ 4.2 million when compared to the $ 218.8 million generated in fiscal year 2009 . during fiscal year 2010 , net income increased by $ 42.3 million to $ 137.3 million when compared to fiscal year 2009 . despite the increase in net income , net cash provided by operating activities remained relatively consistent . this was primarily due to : 2022 fiscal year 2010 net income included a deferred tax expense of $ 38.5 million compared to a $ 24.9 million deferred tax benefit included in 2009 net income due to the release of the tax valuation allowance in fiscal year 2009 . 2022 during fiscal year 2010 , the company invested in working capital as result of higher business activity . compared to fiscal year 2009 , accounts receivable , inventory and accounts payable increased by $ 60.9 million , $ 38.8 million and $ 42.9 million , respectively . cash flow from investing activities : cash flow from investing activities consists primarily of capital expenditures and acquisitions . we had net cash outflows of $ 95.3 million in fiscal year 2010 , compared to $ 49.5 million in fiscal year 2009 . the increase is primarily due to an increase of $ 49.8 million in capital expenditures . we anticipate our capital spending to be consistent in fiscal year 2011 to maintain our projected growth rate . cash flow from financing activities : cash flows from financing activities consist primarily of cash transactions related to debt and equity . during fiscal year 2010 , we had net cash outflows of $ 38.6 million , compared to $ 30.2 million in fiscal year 2009 . during the year we had the following significant transactions : 2022 we retired $ 53.0 million in aggregate principal amount ( carrying value of $ 51.1 million ) of 2007 convertible notes for $ 80.7 million , which included a $ 29.6 million premium paid for the equity component of the instrument . 2022 we received net proceeds from employee stock option exercises of $ 40.5 million in fiscal year 2010 , compared to $ 38.7 million in fiscal year 2009 . skyworks / 2010 annual report 103 .
Question: what was the value of cash outflows in 2010?
Answer: 95.3
Question: what was the value of cash outflows in 2009?
Answer: 49.5
Question: what is the net difference?
Answer: 45.8
Question: what is the percent change?
| 0.92525 |
CONVFINQA7484 | 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 performance graph * $ 100 invested on 11/17/11 in our stock or 10/31/11 in the relevant index , including reinvestment of dividends . fiscal year ending december 31 , 2013 . ( 1 ) delphi automotive plc ( 2 ) s&p 500 2013 standard & poor 2019s 500 total return index ( 3 ) automotive supplier peer group 2013 russell 3000 auto parts index , including american axle & manufacturing , borgwarner inc. , cooper tire & rubber company , dana holding corp. , delphi automotive plc , dorman products inc. , federal-mogul corp. , ford motor co. , fuel systems solutions inc. , general motors co. , gentex corp. , gentherm inc. , genuine parts co. , johnson controls inc. , lkq corp. , lear corp. , meritor inc. , remy international inc. , standard motor products inc. , stoneridge inc. , superior industries international , trw automotive holdings corp. , tenneco inc. , tesla motors inc. , the goodyear tire & rubber co. , tower international inc. , visteon corp. , and wabco holdings inc . company index november 17 , december 31 , december 31 , december 31 . <table class='wikitable'><tr><td>1</td><td>company index</td><td>november 17 2011</td><td>december 31 2011</td><td>december 31 2012</td><td>december 31 2013</td></tr><tr><td>2</td><td>delphi automotive plc ( 1 )</td><td>$ 100.00</td><td>$ 100.98</td><td>$ 179.33</td><td>$ 285.81</td></tr><tr><td>3</td><td>s&p 500 ( 2 )</td><td>100.00</td><td>100.80</td><td>116.93</td><td>154.80</td></tr><tr><td>4</td><td>automotive supplier peer group ( 3 )</td><td>100.00</td><td>89.27</td><td>110.41</td><td>166.46</td></tr></table> dividends on february 26 , 2013 , the board of directors approved the initiation of dividend payments on the company's ordinary shares . the board of directors declared a regular quarterly cash dividend of $ 0.17 per ordinary share that was paid in each quarter of 2013 . in addition , in january 2014 , the board of directors declared a regular quarterly cash dividend of $ 0.25 per ordinary share , payable on february 27 , 2014 to shareholders of record at the close of business on february 18 , 2014 . in october 2011 , the board of managers of delphi automotive llp approved a distribution of approximately $ 95 million , which was paid on december 5 , 2011 , principally in respect of taxes , to members of delphi automotive llp who held membership interests as of the close of business on october 31 , 2011. .
Question: what was the regular quarterly cash dividend per ordinary share declared by the board of directors and payable on february 27 , 2014?
| 0.25 |
CONVFINQA7485 | 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 performance graph * $ 100 invested on 11/17/11 in our stock or 10/31/11 in the relevant index , including reinvestment of dividends . fiscal year ending december 31 , 2013 . ( 1 ) delphi automotive plc ( 2 ) s&p 500 2013 standard & poor 2019s 500 total return index ( 3 ) automotive supplier peer group 2013 russell 3000 auto parts index , including american axle & manufacturing , borgwarner inc. , cooper tire & rubber company , dana holding corp. , delphi automotive plc , dorman products inc. , federal-mogul corp. , ford motor co. , fuel systems solutions inc. , general motors co. , gentex corp. , gentherm inc. , genuine parts co. , johnson controls inc. , lkq corp. , lear corp. , meritor inc. , remy international inc. , standard motor products inc. , stoneridge inc. , superior industries international , trw automotive holdings corp. , tenneco inc. , tesla motors inc. , the goodyear tire & rubber co. , tower international inc. , visteon corp. , and wabco holdings inc . company index november 17 , december 31 , december 31 , december 31 . <table class='wikitable'><tr><td>1</td><td>company index</td><td>november 17 2011</td><td>december 31 2011</td><td>december 31 2012</td><td>december 31 2013</td></tr><tr><td>2</td><td>delphi automotive plc ( 1 )</td><td>$ 100.00</td><td>$ 100.98</td><td>$ 179.33</td><td>$ 285.81</td></tr><tr><td>3</td><td>s&p 500 ( 2 )</td><td>100.00</td><td>100.80</td><td>116.93</td><td>154.80</td></tr><tr><td>4</td><td>automotive supplier peer group ( 3 )</td><td>100.00</td><td>89.27</td><td>110.41</td><td>166.46</td></tr></table> dividends on february 26 , 2013 , the board of directors approved the initiation of dividend payments on the company's ordinary shares . the board of directors declared a regular quarterly cash dividend of $ 0.17 per ordinary share that was paid in each quarter of 2013 . in addition , in january 2014 , the board of directors declared a regular quarterly cash dividend of $ 0.25 per ordinary share , payable on february 27 , 2014 to shareholders of record at the close of business on february 18 , 2014 . in october 2011 , the board of managers of delphi automotive llp approved a distribution of approximately $ 95 million , which was paid on december 5 , 2011 , principally in respect of taxes , to members of delphi automotive llp who held membership interests as of the close of business on october 31 , 2011. .
Question: what was the regular quarterly cash dividend per ordinary share declared by the board of directors and payable on february 27 , 2014?
Answer: 0.25
Question: and what was that regular quarterly cash dividend payable in each quarter of 2013?
| 0.17 |
CONVFINQA7486 | 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 performance graph * $ 100 invested on 11/17/11 in our stock or 10/31/11 in the relevant index , including reinvestment of dividends . fiscal year ending december 31 , 2013 . ( 1 ) delphi automotive plc ( 2 ) s&p 500 2013 standard & poor 2019s 500 total return index ( 3 ) automotive supplier peer group 2013 russell 3000 auto parts index , including american axle & manufacturing , borgwarner inc. , cooper tire & rubber company , dana holding corp. , delphi automotive plc , dorman products inc. , federal-mogul corp. , ford motor co. , fuel systems solutions inc. , general motors co. , gentex corp. , gentherm inc. , genuine parts co. , johnson controls inc. , lkq corp. , lear corp. , meritor inc. , remy international inc. , standard motor products inc. , stoneridge inc. , superior industries international , trw automotive holdings corp. , tenneco inc. , tesla motors inc. , the goodyear tire & rubber co. , tower international inc. , visteon corp. , and wabco holdings inc . company index november 17 , december 31 , december 31 , december 31 . <table class='wikitable'><tr><td>1</td><td>company index</td><td>november 17 2011</td><td>december 31 2011</td><td>december 31 2012</td><td>december 31 2013</td></tr><tr><td>2</td><td>delphi automotive plc ( 1 )</td><td>$ 100.00</td><td>$ 100.98</td><td>$ 179.33</td><td>$ 285.81</td></tr><tr><td>3</td><td>s&p 500 ( 2 )</td><td>100.00</td><td>100.80</td><td>116.93</td><td>154.80</td></tr><tr><td>4</td><td>automotive supplier peer group ( 3 )</td><td>100.00</td><td>89.27</td><td>110.41</td><td>166.46</td></tr></table> dividends on february 26 , 2013 , the board of directors approved the initiation of dividend payments on the company's ordinary shares . the board of directors declared a regular quarterly cash dividend of $ 0.17 per ordinary share that was paid in each quarter of 2013 . in addition , in january 2014 , the board of directors declared a regular quarterly cash dividend of $ 0.25 per ordinary share , payable on february 27 , 2014 to shareholders of record at the close of business on february 18 , 2014 . in october 2011 , the board of managers of delphi automotive llp approved a distribution of approximately $ 95 million , which was paid on december 5 , 2011 , principally in respect of taxes , to members of delphi automotive llp who held membership interests as of the close of business on october 31 , 2011. .
Question: what was the regular quarterly cash dividend per ordinary share declared by the board of directors and payable on february 27 , 2014?
Answer: 0.25
Question: and what was that regular quarterly cash dividend payable in each quarter of 2013?
Answer: 0.17
Question: what was, then, the change in this regular quarterly cash dividend from 2013 to 2014?
| 0.08 |
CONVFINQA7487 | 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 performance graph * $ 100 invested on 11/17/11 in our stock or 10/31/11 in the relevant index , including reinvestment of dividends . fiscal year ending december 31 , 2013 . ( 1 ) delphi automotive plc ( 2 ) s&p 500 2013 standard & poor 2019s 500 total return index ( 3 ) automotive supplier peer group 2013 russell 3000 auto parts index , including american axle & manufacturing , borgwarner inc. , cooper tire & rubber company , dana holding corp. , delphi automotive plc , dorman products inc. , federal-mogul corp. , ford motor co. , fuel systems solutions inc. , general motors co. , gentex corp. , gentherm inc. , genuine parts co. , johnson controls inc. , lkq corp. , lear corp. , meritor inc. , remy international inc. , standard motor products inc. , stoneridge inc. , superior industries international , trw automotive holdings corp. , tenneco inc. , tesla motors inc. , the goodyear tire & rubber co. , tower international inc. , visteon corp. , and wabco holdings inc . company index november 17 , december 31 , december 31 , december 31 . <table class='wikitable'><tr><td>1</td><td>company index</td><td>november 17 2011</td><td>december 31 2011</td><td>december 31 2012</td><td>december 31 2013</td></tr><tr><td>2</td><td>delphi automotive plc ( 1 )</td><td>$ 100.00</td><td>$ 100.98</td><td>$ 179.33</td><td>$ 285.81</td></tr><tr><td>3</td><td>s&p 500 ( 2 )</td><td>100.00</td><td>100.80</td><td>116.93</td><td>154.80</td></tr><tr><td>4</td><td>automotive supplier peer group ( 3 )</td><td>100.00</td><td>89.27</td><td>110.41</td><td>166.46</td></tr></table> dividends on february 26 , 2013 , the board of directors approved the initiation of dividend payments on the company's ordinary shares . the board of directors declared a regular quarterly cash dividend of $ 0.17 per ordinary share that was paid in each quarter of 2013 . in addition , in january 2014 , the board of directors declared a regular quarterly cash dividend of $ 0.25 per ordinary share , payable on february 27 , 2014 to shareholders of record at the close of business on february 18 , 2014 . in october 2011 , the board of managers of delphi automotive llp approved a distribution of approximately $ 95 million , which was paid on december 5 , 2011 , principally in respect of taxes , to members of delphi automotive llp who held membership interests as of the close of business on october 31 , 2011. .
Question: what was the regular quarterly cash dividend per ordinary share declared by the board of directors and payable on february 27 , 2014?
Answer: 0.25
Question: and what was that regular quarterly cash dividend payable in each quarter of 2013?
Answer: 0.17
Question: what was, then, the change in this regular quarterly cash dividend from 2013 to 2014?
Answer: 0.08
Question: and what becomes this change when considering the entire year, or four quarters?
| 0.32 |
CONVFINQA7488 | 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.
13 . rentals and leases the company leases sales and administrative office facilities , distribution centers , research and manufacturing facilities , as well as vehicles and other equipment under operating leases . total rental expense under the company 2019s operating leases was $ 239 million in 2017 and $ 221 million in both 2016 and 2015 . as of december 31 , 2017 , identifiable future minimum payments with non-cancelable terms in excess of one year were : ( millions ) . <table class='wikitable'><tr><td>1</td><td>2018</td><td>$ 131</td></tr><tr><td>2</td><td>2019</td><td>115</td></tr><tr><td>3</td><td>2020</td><td>96</td></tr><tr><td>4</td><td>2021</td><td>86</td></tr><tr><td>5</td><td>2022</td><td>74</td></tr><tr><td>6</td><td>thereafter</td><td>115</td></tr><tr><td>7</td><td>total</td><td>$ 617</td></tr></table> the company enters into operating leases for vehicles whose non-cancelable terms are one year or less in duration with month-to-month renewal options . these leases have been excluded from the table above . the company estimates payments under such leases will approximate $ 62 million in 2018 . these vehicle leases have guaranteed residual values that have historically been satisfied by the proceeds on the sale of the vehicles . 14 . research and development expenditures research expenditures that relate to the development of new products and processes , including significant improvements and refinements to existing products , are expensed as incurred . such costs were $ 201 million in 2017 , $ 189 million in 2016 and $ 191 million in 2015 . the company did not participate in any material customer sponsored research during 2017 , 2016 or 2015 . 15 . commitments and contingencies the company is subject to various claims and contingencies related to , among other things , workers 2019 compensation , general liability ( including product liability ) , automobile claims , health care claims , environmental matters and lawsuits . the company is also subject to various claims and contingencies related to income taxes , which are discussed in note 12 . the company also has contractual obligations including lease commitments , which are discussed in note 13 . the company records liabilities where a contingent loss is probable and can be reasonably estimated . if the reasonable estimate of a probable loss is a range , the company records the most probable estimate of the loss or the minimum amount when no amount within the range is a better estimate than any other amount . the company discloses a contingent liability even if the liability is not probable or the amount is not estimable , or both , if there is a reasonable possibility that a material loss may have been incurred . insurance globally , the company has insurance policies with varying deductibility levels for property and casualty losses . the company is insured for losses in excess of these deductibles , subject to policy terms and conditions and has recorded both a liability and an offsetting receivable for amounts in excess of these deductibles . the company is self-insured for health care claims for eligible participating employees , subject to certain deductibles and limitations . the company determines its liabilities for claims on an actuarial basis . litigation and environmental matters the company and certain subsidiaries are party to various lawsuits , claims and environmental actions that have arisen in the ordinary course of business . these include from time to time antitrust , commercial , patent infringement , product liability and wage hour lawsuits , as well as possible obligations to investigate and mitigate the effects on the environment of the disposal or release of certain chemical substances at various sites , such as superfund sites and other operating or closed facilities . the company has established accruals for certain lawsuits , claims and environmental matters . the company currently believes that there is not a reasonably possible risk of material loss in excess of the amounts accrued related to these legal matters . because litigation is inherently uncertain , and unfavorable rulings or developments could occur , there can be no certainty that the company may not ultimately incur charges in excess of recorded liabilities . a future adverse ruling , settlement or unfavorable development could result in future charges that could have a material adverse effect on the company 2019s results of operations or cash flows in the period in which they are recorded . the company currently believes that such future charges related to suits and legal claims , if any , would not have a material adverse effect on the company 2019s consolidated financial position . environmental matters the company is currently participating in environmental assessments and remediation at approximately 45 locations , the majority of which are in the u.s. , and environmental liabilities have been accrued reflecting management 2019s best estimate of future costs . potential insurance reimbursements are not anticipated in the company 2019s accruals for environmental liabilities. .
Question: what was the change in r&d expenses from the year of 2016 to 2017, in millions?
| 12.0 |
CONVFINQA7489 | 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.
13 . rentals and leases the company leases sales and administrative office facilities , distribution centers , research and manufacturing facilities , as well as vehicles and other equipment under operating leases . total rental expense under the company 2019s operating leases was $ 239 million in 2017 and $ 221 million in both 2016 and 2015 . as of december 31 , 2017 , identifiable future minimum payments with non-cancelable terms in excess of one year were : ( millions ) . <table class='wikitable'><tr><td>1</td><td>2018</td><td>$ 131</td></tr><tr><td>2</td><td>2019</td><td>115</td></tr><tr><td>3</td><td>2020</td><td>96</td></tr><tr><td>4</td><td>2021</td><td>86</td></tr><tr><td>5</td><td>2022</td><td>74</td></tr><tr><td>6</td><td>thereafter</td><td>115</td></tr><tr><td>7</td><td>total</td><td>$ 617</td></tr></table> the company enters into operating leases for vehicles whose non-cancelable terms are one year or less in duration with month-to-month renewal options . these leases have been excluded from the table above . the company estimates payments under such leases will approximate $ 62 million in 2018 . these vehicle leases have guaranteed residual values that have historically been satisfied by the proceeds on the sale of the vehicles . 14 . research and development expenditures research expenditures that relate to the development of new products and processes , including significant improvements and refinements to existing products , are expensed as incurred . such costs were $ 201 million in 2017 , $ 189 million in 2016 and $ 191 million in 2015 . the company did not participate in any material customer sponsored research during 2017 , 2016 or 2015 . 15 . commitments and contingencies the company is subject to various claims and contingencies related to , among other things , workers 2019 compensation , general liability ( including product liability ) , automobile claims , health care claims , environmental matters and lawsuits . the company is also subject to various claims and contingencies related to income taxes , which are discussed in note 12 . the company also has contractual obligations including lease commitments , which are discussed in note 13 . the company records liabilities where a contingent loss is probable and can be reasonably estimated . if the reasonable estimate of a probable loss is a range , the company records the most probable estimate of the loss or the minimum amount when no amount within the range is a better estimate than any other amount . the company discloses a contingent liability even if the liability is not probable or the amount is not estimable , or both , if there is a reasonable possibility that a material loss may have been incurred . insurance globally , the company has insurance policies with varying deductibility levels for property and casualty losses . the company is insured for losses in excess of these deductibles , subject to policy terms and conditions and has recorded both a liability and an offsetting receivable for amounts in excess of these deductibles . the company is self-insured for health care claims for eligible participating employees , subject to certain deductibles and limitations . the company determines its liabilities for claims on an actuarial basis . litigation and environmental matters the company and certain subsidiaries are party to various lawsuits , claims and environmental actions that have arisen in the ordinary course of business . these include from time to time antitrust , commercial , patent infringement , product liability and wage hour lawsuits , as well as possible obligations to investigate and mitigate the effects on the environment of the disposal or release of certain chemical substances at various sites , such as superfund sites and other operating or closed facilities . the company has established accruals for certain lawsuits , claims and environmental matters . the company currently believes that there is not a reasonably possible risk of material loss in excess of the amounts accrued related to these legal matters . because litigation is inherently uncertain , and unfavorable rulings or developments could occur , there can be no certainty that the company may not ultimately incur charges in excess of recorded liabilities . a future adverse ruling , settlement or unfavorable development could result in future charges that could have a material adverse effect on the company 2019s results of operations or cash flows in the period in which they are recorded . the company currently believes that such future charges related to suits and legal claims , if any , would not have a material adverse effect on the company 2019s consolidated financial position . environmental matters the company is currently participating in environmental assessments and remediation at approximately 45 locations , the majority of which are in the u.s. , and environmental liabilities have been accrued reflecting management 2019s best estimate of future costs . potential insurance reimbursements are not anticipated in the company 2019s accruals for environmental liabilities. .
Question: what was the change in r&d expenses from the year of 2016 to 2017, in millions?
Answer: 12.0
Question: how much, in percentage, does that value represent in relation to the r&d expenses in 2016, counted in millions?
| 0.06349 |
CONVFINQA7490 | 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.
13 . rentals and leases the company leases sales and administrative office facilities , distribution centers , research and manufacturing facilities , as well as vehicles and other equipment under operating leases . total rental expense under the company 2019s operating leases was $ 239 million in 2017 and $ 221 million in both 2016 and 2015 . as of december 31 , 2017 , identifiable future minimum payments with non-cancelable terms in excess of one year were : ( millions ) . <table class='wikitable'><tr><td>1</td><td>2018</td><td>$ 131</td></tr><tr><td>2</td><td>2019</td><td>115</td></tr><tr><td>3</td><td>2020</td><td>96</td></tr><tr><td>4</td><td>2021</td><td>86</td></tr><tr><td>5</td><td>2022</td><td>74</td></tr><tr><td>6</td><td>thereafter</td><td>115</td></tr><tr><td>7</td><td>total</td><td>$ 617</td></tr></table> the company enters into operating leases for vehicles whose non-cancelable terms are one year or less in duration with month-to-month renewal options . these leases have been excluded from the table above . the company estimates payments under such leases will approximate $ 62 million in 2018 . these vehicle leases have guaranteed residual values that have historically been satisfied by the proceeds on the sale of the vehicles . 14 . research and development expenditures research expenditures that relate to the development of new products and processes , including significant improvements and refinements to existing products , are expensed as incurred . such costs were $ 201 million in 2017 , $ 189 million in 2016 and $ 191 million in 2015 . the company did not participate in any material customer sponsored research during 2017 , 2016 or 2015 . 15 . commitments and contingencies the company is subject to various claims and contingencies related to , among other things , workers 2019 compensation , general liability ( including product liability ) , automobile claims , health care claims , environmental matters and lawsuits . the company is also subject to various claims and contingencies related to income taxes , which are discussed in note 12 . the company also has contractual obligations including lease commitments , which are discussed in note 13 . the company records liabilities where a contingent loss is probable and can be reasonably estimated . if the reasonable estimate of a probable loss is a range , the company records the most probable estimate of the loss or the minimum amount when no amount within the range is a better estimate than any other amount . the company discloses a contingent liability even if the liability is not probable or the amount is not estimable , or both , if there is a reasonable possibility that a material loss may have been incurred . insurance globally , the company has insurance policies with varying deductibility levels for property and casualty losses . the company is insured for losses in excess of these deductibles , subject to policy terms and conditions and has recorded both a liability and an offsetting receivable for amounts in excess of these deductibles . the company is self-insured for health care claims for eligible participating employees , subject to certain deductibles and limitations . the company determines its liabilities for claims on an actuarial basis . litigation and environmental matters the company and certain subsidiaries are party to various lawsuits , claims and environmental actions that have arisen in the ordinary course of business . these include from time to time antitrust , commercial , patent infringement , product liability and wage hour lawsuits , as well as possible obligations to investigate and mitigate the effects on the environment of the disposal or release of certain chemical substances at various sites , such as superfund sites and other operating or closed facilities . the company has established accruals for certain lawsuits , claims and environmental matters . the company currently believes that there is not a reasonably possible risk of material loss in excess of the amounts accrued related to these legal matters . because litigation is inherently uncertain , and unfavorable rulings or developments could occur , there can be no certainty that the company may not ultimately incur charges in excess of recorded liabilities . a future adverse ruling , settlement or unfavorable development could result in future charges that could have a material adverse effect on the company 2019s results of operations or cash flows in the period in which they are recorded . the company currently believes that such future charges related to suits and legal claims , if any , would not have a material adverse effect on the company 2019s consolidated financial position . environmental matters the company is currently participating in environmental assessments and remediation at approximately 45 locations , the majority of which are in the u.s. , and environmental liabilities have been accrued reflecting management 2019s best estimate of future costs . potential insurance reimbursements are not anticipated in the company 2019s accruals for environmental liabilities. .
Question: what were the r&d costs in 2016?
| 189.0 |
CONVFINQA7491 | 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.
13 . rentals and leases the company leases sales and administrative office facilities , distribution centers , research and manufacturing facilities , as well as vehicles and other equipment under operating leases . total rental expense under the company 2019s operating leases was $ 239 million in 2017 and $ 221 million in both 2016 and 2015 . as of december 31 , 2017 , identifiable future minimum payments with non-cancelable terms in excess of one year were : ( millions ) . <table class='wikitable'><tr><td>1</td><td>2018</td><td>$ 131</td></tr><tr><td>2</td><td>2019</td><td>115</td></tr><tr><td>3</td><td>2020</td><td>96</td></tr><tr><td>4</td><td>2021</td><td>86</td></tr><tr><td>5</td><td>2022</td><td>74</td></tr><tr><td>6</td><td>thereafter</td><td>115</td></tr><tr><td>7</td><td>total</td><td>$ 617</td></tr></table> the company enters into operating leases for vehicles whose non-cancelable terms are one year or less in duration with month-to-month renewal options . these leases have been excluded from the table above . the company estimates payments under such leases will approximate $ 62 million in 2018 . these vehicle leases have guaranteed residual values that have historically been satisfied by the proceeds on the sale of the vehicles . 14 . research and development expenditures research expenditures that relate to the development of new products and processes , including significant improvements and refinements to existing products , are expensed as incurred . such costs were $ 201 million in 2017 , $ 189 million in 2016 and $ 191 million in 2015 . the company did not participate in any material customer sponsored research during 2017 , 2016 or 2015 . 15 . commitments and contingencies the company is subject to various claims and contingencies related to , among other things , workers 2019 compensation , general liability ( including product liability ) , automobile claims , health care claims , environmental matters and lawsuits . the company is also subject to various claims and contingencies related to income taxes , which are discussed in note 12 . the company also has contractual obligations including lease commitments , which are discussed in note 13 . the company records liabilities where a contingent loss is probable and can be reasonably estimated . if the reasonable estimate of a probable loss is a range , the company records the most probable estimate of the loss or the minimum amount when no amount within the range is a better estimate than any other amount . the company discloses a contingent liability even if the liability is not probable or the amount is not estimable , or both , if there is a reasonable possibility that a material loss may have been incurred . insurance globally , the company has insurance policies with varying deductibility levels for property and casualty losses . the company is insured for losses in excess of these deductibles , subject to policy terms and conditions and has recorded both a liability and an offsetting receivable for amounts in excess of these deductibles . the company is self-insured for health care claims for eligible participating employees , subject to certain deductibles and limitations . the company determines its liabilities for claims on an actuarial basis . litigation and environmental matters the company and certain subsidiaries are party to various lawsuits , claims and environmental actions that have arisen in the ordinary course of business . these include from time to time antitrust , commercial , patent infringement , product liability and wage hour lawsuits , as well as possible obligations to investigate and mitigate the effects on the environment of the disposal or release of certain chemical substances at various sites , such as superfund sites and other operating or closed facilities . the company has established accruals for certain lawsuits , claims and environmental matters . the company currently believes that there is not a reasonably possible risk of material loss in excess of the amounts accrued related to these legal matters . because litigation is inherently uncertain , and unfavorable rulings or developments could occur , there can be no certainty that the company may not ultimately incur charges in excess of recorded liabilities . a future adverse ruling , settlement or unfavorable development could result in future charges that could have a material adverse effect on the company 2019s results of operations or cash flows in the period in which they are recorded . the company currently believes that such future charges related to suits and legal claims , if any , would not have a material adverse effect on the company 2019s consolidated financial position . environmental matters the company is currently participating in environmental assessments and remediation at approximately 45 locations , the majority of which are in the u.s. , and environmental liabilities have been accrued reflecting management 2019s best estimate of future costs . potential insurance reimbursements are not anticipated in the company 2019s accruals for environmental liabilities. .
Question: what were the r&d costs in 2016?
Answer: 189.0
Question: what were the r&d costs in 2015?
| 191.0 |
CONVFINQA7492 | 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.
13 . rentals and leases the company leases sales and administrative office facilities , distribution centers , research and manufacturing facilities , as well as vehicles and other equipment under operating leases . total rental expense under the company 2019s operating leases was $ 239 million in 2017 and $ 221 million in both 2016 and 2015 . as of december 31 , 2017 , identifiable future minimum payments with non-cancelable terms in excess of one year were : ( millions ) . <table class='wikitable'><tr><td>1</td><td>2018</td><td>$ 131</td></tr><tr><td>2</td><td>2019</td><td>115</td></tr><tr><td>3</td><td>2020</td><td>96</td></tr><tr><td>4</td><td>2021</td><td>86</td></tr><tr><td>5</td><td>2022</td><td>74</td></tr><tr><td>6</td><td>thereafter</td><td>115</td></tr><tr><td>7</td><td>total</td><td>$ 617</td></tr></table> the company enters into operating leases for vehicles whose non-cancelable terms are one year or less in duration with month-to-month renewal options . these leases have been excluded from the table above . the company estimates payments under such leases will approximate $ 62 million in 2018 . these vehicle leases have guaranteed residual values that have historically been satisfied by the proceeds on the sale of the vehicles . 14 . research and development expenditures research expenditures that relate to the development of new products and processes , including significant improvements and refinements to existing products , are expensed as incurred . such costs were $ 201 million in 2017 , $ 189 million in 2016 and $ 191 million in 2015 . the company did not participate in any material customer sponsored research during 2017 , 2016 or 2015 . 15 . commitments and contingencies the company is subject to various claims and contingencies related to , among other things , workers 2019 compensation , general liability ( including product liability ) , automobile claims , health care claims , environmental matters and lawsuits . the company is also subject to various claims and contingencies related to income taxes , which are discussed in note 12 . the company also has contractual obligations including lease commitments , which are discussed in note 13 . the company records liabilities where a contingent loss is probable and can be reasonably estimated . if the reasonable estimate of a probable loss is a range , the company records the most probable estimate of the loss or the minimum amount when no amount within the range is a better estimate than any other amount . the company discloses a contingent liability even if the liability is not probable or the amount is not estimable , or both , if there is a reasonable possibility that a material loss may have been incurred . insurance globally , the company has insurance policies with varying deductibility levels for property and casualty losses . the company is insured for losses in excess of these deductibles , subject to policy terms and conditions and has recorded both a liability and an offsetting receivable for amounts in excess of these deductibles . the company is self-insured for health care claims for eligible participating employees , subject to certain deductibles and limitations . the company determines its liabilities for claims on an actuarial basis . litigation and environmental matters the company and certain subsidiaries are party to various lawsuits , claims and environmental actions that have arisen in the ordinary course of business . these include from time to time antitrust , commercial , patent infringement , product liability and wage hour lawsuits , as well as possible obligations to investigate and mitigate the effects on the environment of the disposal or release of certain chemical substances at various sites , such as superfund sites and other operating or closed facilities . the company has established accruals for certain lawsuits , claims and environmental matters . the company currently believes that there is not a reasonably possible risk of material loss in excess of the amounts accrued related to these legal matters . because litigation is inherently uncertain , and unfavorable rulings or developments could occur , there can be no certainty that the company may not ultimately incur charges in excess of recorded liabilities . a future adverse ruling , settlement or unfavorable development could result in future charges that could have a material adverse effect on the company 2019s results of operations or cash flows in the period in which they are recorded . the company currently believes that such future charges related to suits and legal claims , if any , would not have a material adverse effect on the company 2019s consolidated financial position . environmental matters the company is currently participating in environmental assessments and remediation at approximately 45 locations , the majority of which are in the u.s. , and environmental liabilities have been accrued reflecting management 2019s best estimate of future costs . potential insurance reimbursements are not anticipated in the company 2019s accruals for environmental liabilities. .
Question: what were the r&d costs in 2016?
Answer: 189.0
Question: what were the r&d costs in 2015?
Answer: 191.0
Question: what is the net difference?
| -2.0 |
CONVFINQA7493 | 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.
13 . rentals and leases the company leases sales and administrative office facilities , distribution centers , research and manufacturing facilities , as well as vehicles and other equipment under operating leases . total rental expense under the company 2019s operating leases was $ 239 million in 2017 and $ 221 million in both 2016 and 2015 . as of december 31 , 2017 , identifiable future minimum payments with non-cancelable terms in excess of one year were : ( millions ) . <table class='wikitable'><tr><td>1</td><td>2018</td><td>$ 131</td></tr><tr><td>2</td><td>2019</td><td>115</td></tr><tr><td>3</td><td>2020</td><td>96</td></tr><tr><td>4</td><td>2021</td><td>86</td></tr><tr><td>5</td><td>2022</td><td>74</td></tr><tr><td>6</td><td>thereafter</td><td>115</td></tr><tr><td>7</td><td>total</td><td>$ 617</td></tr></table> the company enters into operating leases for vehicles whose non-cancelable terms are one year or less in duration with month-to-month renewal options . these leases have been excluded from the table above . the company estimates payments under such leases will approximate $ 62 million in 2018 . these vehicle leases have guaranteed residual values that have historically been satisfied by the proceeds on the sale of the vehicles . 14 . research and development expenditures research expenditures that relate to the development of new products and processes , including significant improvements and refinements to existing products , are expensed as incurred . such costs were $ 201 million in 2017 , $ 189 million in 2016 and $ 191 million in 2015 . the company did not participate in any material customer sponsored research during 2017 , 2016 or 2015 . 15 . commitments and contingencies the company is subject to various claims and contingencies related to , among other things , workers 2019 compensation , general liability ( including product liability ) , automobile claims , health care claims , environmental matters and lawsuits . the company is also subject to various claims and contingencies related to income taxes , which are discussed in note 12 . the company also has contractual obligations including lease commitments , which are discussed in note 13 . the company records liabilities where a contingent loss is probable and can be reasonably estimated . if the reasonable estimate of a probable loss is a range , the company records the most probable estimate of the loss or the minimum amount when no amount within the range is a better estimate than any other amount . the company discloses a contingent liability even if the liability is not probable or the amount is not estimable , or both , if there is a reasonable possibility that a material loss may have been incurred . insurance globally , the company has insurance policies with varying deductibility levels for property and casualty losses . the company is insured for losses in excess of these deductibles , subject to policy terms and conditions and has recorded both a liability and an offsetting receivable for amounts in excess of these deductibles . the company is self-insured for health care claims for eligible participating employees , subject to certain deductibles and limitations . the company determines its liabilities for claims on an actuarial basis . litigation and environmental matters the company and certain subsidiaries are party to various lawsuits , claims and environmental actions that have arisen in the ordinary course of business . these include from time to time antitrust , commercial , patent infringement , product liability and wage hour lawsuits , as well as possible obligations to investigate and mitigate the effects on the environment of the disposal or release of certain chemical substances at various sites , such as superfund sites and other operating or closed facilities . the company has established accruals for certain lawsuits , claims and environmental matters . the company currently believes that there is not a reasonably possible risk of material loss in excess of the amounts accrued related to these legal matters . because litigation is inherently uncertain , and unfavorable rulings or developments could occur , there can be no certainty that the company may not ultimately incur charges in excess of recorded liabilities . a future adverse ruling , settlement or unfavorable development could result in future charges that could have a material adverse effect on the company 2019s results of operations or cash flows in the period in which they are recorded . the company currently believes that such future charges related to suits and legal claims , if any , would not have a material adverse effect on the company 2019s consolidated financial position . environmental matters the company is currently participating in environmental assessments and remediation at approximately 45 locations , the majority of which are in the u.s. , and environmental liabilities have been accrued reflecting management 2019s best estimate of future costs . potential insurance reimbursements are not anticipated in the company 2019s accruals for environmental liabilities. .
Question: what were the r&d costs in 2016?
Answer: 189.0
Question: what were the r&d costs in 2015?
Answer: 191.0
Question: what is the net difference?
Answer: -2.0
Question: what were the r&d costs in 2015?
| 191.0 |
CONVFINQA7494 | 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.
13 . rentals and leases the company leases sales and administrative office facilities , distribution centers , research and manufacturing facilities , as well as vehicles and other equipment under operating leases . total rental expense under the company 2019s operating leases was $ 239 million in 2017 and $ 221 million in both 2016 and 2015 . as of december 31 , 2017 , identifiable future minimum payments with non-cancelable terms in excess of one year were : ( millions ) . <table class='wikitable'><tr><td>1</td><td>2018</td><td>$ 131</td></tr><tr><td>2</td><td>2019</td><td>115</td></tr><tr><td>3</td><td>2020</td><td>96</td></tr><tr><td>4</td><td>2021</td><td>86</td></tr><tr><td>5</td><td>2022</td><td>74</td></tr><tr><td>6</td><td>thereafter</td><td>115</td></tr><tr><td>7</td><td>total</td><td>$ 617</td></tr></table> the company enters into operating leases for vehicles whose non-cancelable terms are one year or less in duration with month-to-month renewal options . these leases have been excluded from the table above . the company estimates payments under such leases will approximate $ 62 million in 2018 . these vehicle leases have guaranteed residual values that have historically been satisfied by the proceeds on the sale of the vehicles . 14 . research and development expenditures research expenditures that relate to the development of new products and processes , including significant improvements and refinements to existing products , are expensed as incurred . such costs were $ 201 million in 2017 , $ 189 million in 2016 and $ 191 million in 2015 . the company did not participate in any material customer sponsored research during 2017 , 2016 or 2015 . 15 . commitments and contingencies the company is subject to various claims and contingencies related to , among other things , workers 2019 compensation , general liability ( including product liability ) , automobile claims , health care claims , environmental matters and lawsuits . the company is also subject to various claims and contingencies related to income taxes , which are discussed in note 12 . the company also has contractual obligations including lease commitments , which are discussed in note 13 . the company records liabilities where a contingent loss is probable and can be reasonably estimated . if the reasonable estimate of a probable loss is a range , the company records the most probable estimate of the loss or the minimum amount when no amount within the range is a better estimate than any other amount . the company discloses a contingent liability even if the liability is not probable or the amount is not estimable , or both , if there is a reasonable possibility that a material loss may have been incurred . insurance globally , the company has insurance policies with varying deductibility levels for property and casualty losses . the company is insured for losses in excess of these deductibles , subject to policy terms and conditions and has recorded both a liability and an offsetting receivable for amounts in excess of these deductibles . the company is self-insured for health care claims for eligible participating employees , subject to certain deductibles and limitations . the company determines its liabilities for claims on an actuarial basis . litigation and environmental matters the company and certain subsidiaries are party to various lawsuits , claims and environmental actions that have arisen in the ordinary course of business . these include from time to time antitrust , commercial , patent infringement , product liability and wage hour lawsuits , as well as possible obligations to investigate and mitigate the effects on the environment of the disposal or release of certain chemical substances at various sites , such as superfund sites and other operating or closed facilities . the company has established accruals for certain lawsuits , claims and environmental matters . the company currently believes that there is not a reasonably possible risk of material loss in excess of the amounts accrued related to these legal matters . because litigation is inherently uncertain , and unfavorable rulings or developments could occur , there can be no certainty that the company may not ultimately incur charges in excess of recorded liabilities . a future adverse ruling , settlement or unfavorable development could result in future charges that could have a material adverse effect on the company 2019s results of operations or cash flows in the period in which they are recorded . the company currently believes that such future charges related to suits and legal claims , if any , would not have a material adverse effect on the company 2019s consolidated financial position . environmental matters the company is currently participating in environmental assessments and remediation at approximately 45 locations , the majority of which are in the u.s. , and environmental liabilities have been accrued reflecting management 2019s best estimate of future costs . potential insurance reimbursements are not anticipated in the company 2019s accruals for environmental liabilities. .
Question: what were the r&d costs in 2016?
Answer: 189.0
Question: what were the r&d costs in 2015?
Answer: 191.0
Question: what is the net difference?
Answer: -2.0
Question: what were the r&d costs in 2015?
Answer: 191.0
Question: what was the percent change?
| -0.01047 |
CONVFINQA7495 | 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 company stock performance the following graph shows a comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 index , the dow jones u.s . technology supersector index and the s&p information technology index for the five years ended september 27 , 2014 . the company has added the s&p information technology index to the graph to capture the stock performance of companies whose products and services relate to those of the company . the s&p information technology index replaces the s&p computer hardware index , which is no longer tracked by s&p . the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 index , the dow jones u.s . technology supersector index and the s&p information technology index as of the market close on september 25 , 2009 . note that historic stock price performance is not necessarily indicative of future stock price performance . copyright a9 2014 s&p , a division of the mcgraw-hill companies inc . all rights reserved . copyright a9 2014 dow jones & co . all rights reserved . apple inc . | 2014 form 10-k | 23 * $ 100 invested on 9/25/09 in stock or index , including reinvestment of dividends . data points are the last day of each fiscal year for the company 2019s common stock and september 30th for indexes . september september september september september september . <table class='wikitable'><tr><td>1</td><td>-</td><td>september 2009</td><td>september 2010</td><td>september 2011</td><td>september 2012</td><td>september 2013</td><td>september 2014</td></tr><tr><td>2</td><td>apple inc .</td><td>$ 100</td><td>$ 160</td><td>$ 222</td><td>$ 367</td><td>$ 272</td><td>$ 407</td></tr><tr><td>3</td><td>s&p 500 index</td><td>$ 100</td><td>$ 110</td><td>$ 111</td><td>$ 145</td><td>$ 173</td><td>$ 207</td></tr><tr><td>4</td><td>dow jones u.s . technology supersector index</td><td>$ 100</td><td>$ 112</td><td>$ 115</td><td>$ 150</td><td>$ 158</td><td>$ 205</td></tr><tr><td>5</td><td>s&p information technology index</td><td>$ 100</td><td>$ 111</td><td>$ 115</td><td>$ 152</td><td>$ 163</td><td>$ 210</td></tr></table> .
Question: what was the net change in value of apple inc. from 2009 to 2014?
| 307.0 |
CONVFINQA7496 | 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 company stock performance the following graph shows a comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 index , the dow jones u.s . technology supersector index and the s&p information technology index for the five years ended september 27 , 2014 . the company has added the s&p information technology index to the graph to capture the stock performance of companies whose products and services relate to those of the company . the s&p information technology index replaces the s&p computer hardware index , which is no longer tracked by s&p . the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 index , the dow jones u.s . technology supersector index and the s&p information technology index as of the market close on september 25 , 2009 . note that historic stock price performance is not necessarily indicative of future stock price performance . copyright a9 2014 s&p , a division of the mcgraw-hill companies inc . all rights reserved . copyright a9 2014 dow jones & co . all rights reserved . apple inc . | 2014 form 10-k | 23 * $ 100 invested on 9/25/09 in stock or index , including reinvestment of dividends . data points are the last day of each fiscal year for the company 2019s common stock and september 30th for indexes . september september september september september september . <table class='wikitable'><tr><td>1</td><td>-</td><td>september 2009</td><td>september 2010</td><td>september 2011</td><td>september 2012</td><td>september 2013</td><td>september 2014</td></tr><tr><td>2</td><td>apple inc .</td><td>$ 100</td><td>$ 160</td><td>$ 222</td><td>$ 367</td><td>$ 272</td><td>$ 407</td></tr><tr><td>3</td><td>s&p 500 index</td><td>$ 100</td><td>$ 110</td><td>$ 111</td><td>$ 145</td><td>$ 173</td><td>$ 207</td></tr><tr><td>4</td><td>dow jones u.s . technology supersector index</td><td>$ 100</td><td>$ 112</td><td>$ 115</td><td>$ 150</td><td>$ 158</td><td>$ 205</td></tr><tr><td>5</td><td>s&p information technology index</td><td>$ 100</td><td>$ 111</td><td>$ 115</td><td>$ 152</td><td>$ 163</td><td>$ 210</td></tr></table> .
Question: what was the net change in value of apple inc. from 2009 to 2014?
Answer: 307.0
Question: what is the percent change?
| 3.07 |
CONVFINQA7497 | 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.
failure to comply with the financial and other covenants under our credit facilities , as well as the occurrence of certain material adverse events , would constitute defaults and would allow the lenders under our credit facilities to accelerate the maturity of all indebtedness under the related agreements . this could also have an adverse impact on the availability of financial assurances . in addition , maturity acceleration on our credit facilities constitutes an event of default under our other debt instruments , including our senior notes , and , therefore , our senior notes would also be subject to acceleration of maturity . if such acceleration were to occur , we would not have sufficient liquidity available to repay the indebtedness . we would likely have to seek an amendment under our credit facilities for relief from the financial covenants or repay the debt with proceeds from the issuance of new debt or equity , or asset sales , if necessary . we may be unable to amend our credit facilities or raise sufficient capital to repay such obligations in the event the maturities are accelerated . financial assurance we are required to provide financial assurance to governmental agencies and a variety of other entities under applicable environmental regulations relating to our landfill operations for capping , closure and post-closure costs , and related to our performance under certain collection , landfill and transfer station contracts . we satisfy these financial assurance requirements by providing surety bonds , letters of credit , insurance policies or trust deposits . the amount of the financial assurance requirements for capping , closure and post-closure costs is determined by applicable state environmental regulations . the financial assurance requirements for capping , closure and post-closure costs may be associated with a portion of the landfill or the entire landfill . generally , states will require a third-party engineering specialist to determine the estimated capping , closure and post- closure costs that are used to determine the required amount of financial assurance for a landfill . the amount of financial assurance required can , and generally will , differ from the obligation determined and recorded under u.s . gaap . the amount of the financial assurance requirements related to contract performance varies by contract . additionally , we are required to provide financial assurance for our insurance program and collateral for certain performance obligations . we do not expect a material increase in financial assurance requirements during 2010 , although the mix of financial assurance instruments may change . these financial instruments are issued in the normal course of business and are not debt of our company . since we currently have no liability for these financial assurance instruments , they are not reflected in our consolidated balance sheets . however , we record capping , closure and post-closure liabilities and self-insurance liabilities as they are incurred . the underlying obligations of the financial assurance instruments , in excess of those already reflected in our consolidated balance sheets , would be recorded if it is probable that we would be unable to fulfill our related obligations . we do not expect this to occur . off-balance sheet arrangements we have no off-balance sheet debt or similar obligations , other than financial assurance instruments and operating leases that are not classified as debt . we do not guarantee any third-party debt . free cash flow we define free cash flow , which is not a measure determined in accordance with u.s . gaap , as cash provided by operating activities less purchases of property and equipment , plus proceeds from sales of property and equipment as presented in our consolidated statements of cash flows . our free cash flow for the years ended december 31 , 2009 , 2008 and 2007 is calculated as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>cash provided by operating activities</td><td>$ 1396.5</td><td>$ 512.2</td><td>$ 661.3</td></tr><tr><td>3</td><td>purchases of property and equipment</td><td>-826.3 ( 826.3 )</td><td>-386.9 ( 386.9 )</td><td>-292.5 ( 292.5 )</td></tr><tr><td>4</td><td>proceeds from sales of property and equipment</td><td>31.8</td><td>8.2</td><td>6.1</td></tr><tr><td>5</td><td>free cash flow</td><td>$ 602.0</td><td>$ 133.5</td><td>$ 374.9</td></tr></table> .
Question: what is the cash provided by operating activities of 2008?
| 512.2 |
CONVFINQA7498 | 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.
failure to comply with the financial and other covenants under our credit facilities , as well as the occurrence of certain material adverse events , would constitute defaults and would allow the lenders under our credit facilities to accelerate the maturity of all indebtedness under the related agreements . this could also have an adverse impact on the availability of financial assurances . in addition , maturity acceleration on our credit facilities constitutes an event of default under our other debt instruments , including our senior notes , and , therefore , our senior notes would also be subject to acceleration of maturity . if such acceleration were to occur , we would not have sufficient liquidity available to repay the indebtedness . we would likely have to seek an amendment under our credit facilities for relief from the financial covenants or repay the debt with proceeds from the issuance of new debt or equity , or asset sales , if necessary . we may be unable to amend our credit facilities or raise sufficient capital to repay such obligations in the event the maturities are accelerated . financial assurance we are required to provide financial assurance to governmental agencies and a variety of other entities under applicable environmental regulations relating to our landfill operations for capping , closure and post-closure costs , and related to our performance under certain collection , landfill and transfer station contracts . we satisfy these financial assurance requirements by providing surety bonds , letters of credit , insurance policies or trust deposits . the amount of the financial assurance requirements for capping , closure and post-closure costs is determined by applicable state environmental regulations . the financial assurance requirements for capping , closure and post-closure costs may be associated with a portion of the landfill or the entire landfill . generally , states will require a third-party engineering specialist to determine the estimated capping , closure and post- closure costs that are used to determine the required amount of financial assurance for a landfill . the amount of financial assurance required can , and generally will , differ from the obligation determined and recorded under u.s . gaap . the amount of the financial assurance requirements related to contract performance varies by contract . additionally , we are required to provide financial assurance for our insurance program and collateral for certain performance obligations . we do not expect a material increase in financial assurance requirements during 2010 , although the mix of financial assurance instruments may change . these financial instruments are issued in the normal course of business and are not debt of our company . since we currently have no liability for these financial assurance instruments , they are not reflected in our consolidated balance sheets . however , we record capping , closure and post-closure liabilities and self-insurance liabilities as they are incurred . the underlying obligations of the financial assurance instruments , in excess of those already reflected in our consolidated balance sheets , would be recorded if it is probable that we would be unable to fulfill our related obligations . we do not expect this to occur . off-balance sheet arrangements we have no off-balance sheet debt or similar obligations , other than financial assurance instruments and operating leases that are not classified as debt . we do not guarantee any third-party debt . free cash flow we define free cash flow , which is not a measure determined in accordance with u.s . gaap , as cash provided by operating activities less purchases of property and equipment , plus proceeds from sales of property and equipment as presented in our consolidated statements of cash flows . our free cash flow for the years ended december 31 , 2009 , 2008 and 2007 is calculated as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>cash provided by operating activities</td><td>$ 1396.5</td><td>$ 512.2</td><td>$ 661.3</td></tr><tr><td>3</td><td>purchases of property and equipment</td><td>-826.3 ( 826.3 )</td><td>-386.9 ( 386.9 )</td><td>-292.5 ( 292.5 )</td></tr><tr><td>4</td><td>proceeds from sales of property and equipment</td><td>31.8</td><td>8.2</td><td>6.1</td></tr><tr><td>5</td><td>free cash flow</td><td>$ 602.0</td><td>$ 133.5</td><td>$ 374.9</td></tr></table> .
Question: what is the cash provided by operating activities of 2008?
Answer: 512.2
Question: and that of 2007?
| 661.3 |
CONVFINQA7499 | 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.
failure to comply with the financial and other covenants under our credit facilities , as well as the occurrence of certain material adverse events , would constitute defaults and would allow the lenders under our credit facilities to accelerate the maturity of all indebtedness under the related agreements . this could also have an adverse impact on the availability of financial assurances . in addition , maturity acceleration on our credit facilities constitutes an event of default under our other debt instruments , including our senior notes , and , therefore , our senior notes would also be subject to acceleration of maturity . if such acceleration were to occur , we would not have sufficient liquidity available to repay the indebtedness . we would likely have to seek an amendment under our credit facilities for relief from the financial covenants or repay the debt with proceeds from the issuance of new debt or equity , or asset sales , if necessary . we may be unable to amend our credit facilities or raise sufficient capital to repay such obligations in the event the maturities are accelerated . financial assurance we are required to provide financial assurance to governmental agencies and a variety of other entities under applicable environmental regulations relating to our landfill operations for capping , closure and post-closure costs , and related to our performance under certain collection , landfill and transfer station contracts . we satisfy these financial assurance requirements by providing surety bonds , letters of credit , insurance policies or trust deposits . the amount of the financial assurance requirements for capping , closure and post-closure costs is determined by applicable state environmental regulations . the financial assurance requirements for capping , closure and post-closure costs may be associated with a portion of the landfill or the entire landfill . generally , states will require a third-party engineering specialist to determine the estimated capping , closure and post- closure costs that are used to determine the required amount of financial assurance for a landfill . the amount of financial assurance required can , and generally will , differ from the obligation determined and recorded under u.s . gaap . the amount of the financial assurance requirements related to contract performance varies by contract . additionally , we are required to provide financial assurance for our insurance program and collateral for certain performance obligations . we do not expect a material increase in financial assurance requirements during 2010 , although the mix of financial assurance instruments may change . these financial instruments are issued in the normal course of business and are not debt of our company . since we currently have no liability for these financial assurance instruments , they are not reflected in our consolidated balance sheets . however , we record capping , closure and post-closure liabilities and self-insurance liabilities as they are incurred . the underlying obligations of the financial assurance instruments , in excess of those already reflected in our consolidated balance sheets , would be recorded if it is probable that we would be unable to fulfill our related obligations . we do not expect this to occur . off-balance sheet arrangements we have no off-balance sheet debt or similar obligations , other than financial assurance instruments and operating leases that are not classified as debt . we do not guarantee any third-party debt . free cash flow we define free cash flow , which is not a measure determined in accordance with u.s . gaap , as cash provided by operating activities less purchases of property and equipment , plus proceeds from sales of property and equipment as presented in our consolidated statements of cash flows . our free cash flow for the years ended december 31 , 2009 , 2008 and 2007 is calculated as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>cash provided by operating activities</td><td>$ 1396.5</td><td>$ 512.2</td><td>$ 661.3</td></tr><tr><td>3</td><td>purchases of property and equipment</td><td>-826.3 ( 826.3 )</td><td>-386.9 ( 386.9 )</td><td>-292.5 ( 292.5 )</td></tr><tr><td>4</td><td>proceeds from sales of property and equipment</td><td>31.8</td><td>8.2</td><td>6.1</td></tr><tr><td>5</td><td>free cash flow</td><td>$ 602.0</td><td>$ 133.5</td><td>$ 374.9</td></tr></table> .
Question: what is the cash provided by operating activities of 2008?
Answer: 512.2
Question: and that of 2007?
Answer: 661.3
Question: what is the difference between the cash provided by operating activities of 2008 and 2007?
| -149.1 |
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