question
stringlengths 4
546
| answer
stringlengths 1
29
| task
stringclasses 4
values | context
stringlengths 115
29.1k
β | context_type
stringclasses 2
values | options
listlengths | program
stringlengths 13
1.03k
β |
|---|---|---|---|---|---|---|
what portion of the future minimum payments are due in 2013?
|
9.6000003815
|
CodeFinQA
|
do so , cme invests such contributions in assets that mirror the assumed investment choices . the balances in these plans are subject to the claims of general creditors of the exchange and totaled $ 38.7 million and $ 31.8 million at december 31 , 2012 and 2011 respectively . although the value of the plans is recorded as an asset in marketable securities in the consolidated balance sheets , there is an equal and offsetting liability . the investment results of these plans have no impact on net income as the investment results are recorded in equal amounts to both investment income and compensation and benefits expense . supplemental savings plan . cme maintains a supplemental plan to provide benefits for employees who have been impacted by statutory limits under the provisions of the qualified pension and savings plan . employees in this plan are subject to the vesting requirements of the underlying qualified plans . deferred compensation plan . a deferred compensation plan is maintained by cme , under which eligible officers and members of the board of directors may contribute a percentage of their compensation and defer income taxes thereon until the time of distribution . comex members 2019 retirement plan and benefits . comex maintains a retirement and benefit plan under the comex members 2019 recognition and retention plan ( mrrp ) . this plan provides benefits to certain members of the comex division based on long-term membership , and participation is limited to individuals who were comex division members prior to nymex 2019s acquisition of comex in 1994 . no new participants were permitted into the plan after the date of this acquisition . under the terms of the mrrp , the company is required to fund the plan with a minimum annual contribution of $ 0.8 million until it is fully funded . all benefits to be paid under the mrrp are based on reasonable actuarial assumptions which are based upon the amounts that are available and are expected to be available to pay benefits . total contributions to the plan were $ 0.8 million for each of 2010 through 2012 . at december 31 , 2012 and 2011 , the obligation for the mrrp totaled $ 22.7 million and $ 21.6 million , respectively . assets with a fair value of $ 18.4 million and $ 17.7 million have been allocated to this plan at december 31 , 2012 and 2011 , respectively , and are included in marketable securities and cash and cash equivalents in the consolidated balance sheets . the balances in these plans are subject to the claims of general creditors of comex . 13 . commitments operating leases . cme group has entered into various non-cancellable operating lease agreements , with the most significant being as follows : 2022 in april 2012 , the company sold two buildings in chicago at 141 w . jackson and leased back a portion of the property . the operating lease , which has an initial lease term ending on april 30 , 2027 , contains four consecutive renewal options for five years . 2022 in january 2011 , the company entered into an operating lease for office space in london . the initial lease term , which became effective on january 20 , 2011 , terminates on march 24 , 2026 , with an option to terminate without penalty in january 2021 . 2022 in july 2008 , the company renegotiated the operating lease for its headquarters at 20 south wacker drive in chicago . the lease , which has an initial term ending on november 30 , 2022 , contains two consecutive renewal options for seven and ten years and a contraction option which allows the company to reduce its occupied space after november 30 , 2018 . in addition , the company may exercise a lease expansion option in december 2017 . 2022 in august 2006 , the company entered into an operating lease for additional office space in chicago . the initial lease term , which became effective on august 10 , 2006 , terminates on november 30 , 2023 . the lease contains two 5-year renewal options beginning in 2023 . at december 31 , 2012 , future minimum payments under non-cancellable operating leases were payable as follows ( in millions ) : .
| 2013 | $28.7 |
| :--- | :--- |
| 2014 | 29.1 |
| 2015 | 28.9 |
| 2016 | 28.9 |
| 2017 | 29.3 |
| Thereafter | 152.9 |
| Total | $297.8 |
.
|
string
| null |
rent_2013 = 28.7
rent_total = 297.8
percent_2013 = rent_2013 / rent_total
answer = percent_2013 * 100
|
what percentage of crude oil refining capacity is located in catlettsburg kentucky?
|
17.7999992371
|
CodeFinQA
|
technical and research personnel and lab facilities , and significantly expanded the portfolio of patents available to us via license and through a cooperative development program . in addition , we have acquired a 20 percent interest in grt , inc . the gtftm technology is protected by an intellectual property protection program . the u.s . has granted 17 patents for the technology , with another 22 pending . worldwide , there are over 300 patents issued or pending , covering over 100 countries including regional and direct foreign filings . another innovative technology that we are developing focuses on reducing the processing and transportation costs of natural gas by artificially creating natural gas hydrates , which are more easily transportable than natural gas in its gaseous form . much like lng , gas hydrates would then be regasified upon delivery to the receiving market . we have an active pilot program in place to test and further develop a proprietary natural gas hydrates manufacturing system . the above discussion of the integrated gas segment contains forward-looking statements with respect to the possible expansion of the lng production facility . factors that could potentially affect the possible expansion of the lng production facility include partner and government approvals , access to sufficient natural gas volumes through exploration or commercial negotiations with other resource owners and access to sufficient regasification capacity . the foregoing factors ( among others ) could cause actual results to differ materially from those set forth in the forward-looking statements . refining , marketing and transportation we have refining , marketing and transportation operations concentrated primarily in the midwest , upper great plains , gulf coast and southeast regions of the u.s . we rank as the fifth largest crude oil refiner in the u.s . and the largest in the midwest . our operations include a seven-plant refining network and an integrated terminal and transportation system which supplies wholesale and marathon-brand customers as well as our own retail operations . our wholly-owned retail marketing subsidiary speedway superamerica llc ( 201cssa 201d ) is the third largest chain of company-owned and -operated retail gasoline and convenience stores in the u.s . and the largest in the midwest . refining we own and operate seven refineries with an aggregate refining capacity of 1.188 million barrels per day ( 201cmmbpd 201d ) of crude oil as of december 31 , 2009 . during 2009 , our refineries processed 957 mbpd of crude oil and 196 mbpd of other charge and blend stocks . the table below sets forth the location and daily crude oil refining capacity of each of our refineries as of december 31 , 2009 . crude oil refining capacity ( thousands of barrels per day ) 2009 .
| <i>(Thousands of barrels per day)</i> | 2009 |
| :--- | :--- |
| Garyville, Louisiana | 436 |
| Catlettsburg, Kentucky | 212 |
| Robinson, Illinois | 206 |
| Detroit, Michigan | 106 |
| Canton, Ohio | 78 |
| Texas City, Texas | 76 |
| St. Paul Park, Minnesota | 74 |
| TOTAL | 1,188 |
our refineries include crude oil atmospheric and vacuum distillation , fluid catalytic cracking , catalytic reforming , desulfurization and sulfur recovery units . the refineries process a wide variety of crude oils and produce numerous refined products , ranging from transportation fuels , such as reformulated gasolines , blend- grade gasolines intended for blending with fuel ethanol and ultra-low sulfur diesel fuel , to heavy fuel oil and asphalt . additionally , we manufacture aromatics , cumene , propane , propylene , sulfur and maleic anhydride . our garyville , louisiana , refinery is located along the mississippi river in southeastern louisiana between new orleans and baton rouge . the garyville refinery predominantly processes heavy sour crude oil into products .
|
string
| null |
crude_oil_capacity = 212
total_crude_oil_capacity = 1188
percent_crude_oil_capacity = crude_oil_capacity / total_crude_oil_capacity
answer = percent_crude_oil_capacity * 100
|
what was the fair value of the interest agreements at december 31 , 2007 to 2006
|
3
|
CodeFinQA
|
the fair value of the interest agreements at december 31 , 2007 and december 31 , 2006 was $ 3 million and $ 1 million , respectively . the company is exposed to credit loss in the event of nonperformance by the counterparties to its swap contracts . the company minimizes its credit risk on these transactions by only dealing with leading , creditworthy financial institutions and does not anticipate nonperformance . in addition , the contracts are distributed among several financial institutions , all of whom presently have investment grade credit ratings , thus minimizing credit risk concentration . stockholders 2019 equity derivative instruments activity , net of tax , included in non-owner changes to equity within the consolidated statements of stockholders 2019 equity for the years ended december 31 , 2007 and 2006 is as follows: .
| | 2007 | 2006 | 2005 |
| :--- | :--- | :--- | :--- |
| Balance at January 1 | $16 | $2 | $(272) |
| Increase (decrease) in fair value | (6) | 75 | 28 |
| Reclassifications to earnings | (10) | (61) | 246 |
| Balance at December 31 | $β | $16 | $2 |
net investment in foreign operations hedge at december 31 , 2007 and 2006 , the company did not have any hedges of foreign currency exposure of net investments in foreign operations . investments hedge during the first quarter of 2006 , the company entered into a zero-cost collar derivative ( the 201csprint nextel derivative 201d ) to protect itself economically against price fluctuations in its 37.6 million shares of sprint nextel corporation ( 201csprint nextel 201d ) non-voting common stock . during the second quarter of 2006 , as a result of sprint nextel 2019s spin-off of embarq corporation through a dividend to sprint nextel shareholders , the company received approximately 1.9 million shares of embarq corporation . the floor and ceiling prices of the sprint nextel derivative were adjusted accordingly . the sprint nextel derivative was not designated as a hedge under the provisions of sfas no . 133 , 201caccounting for derivative instruments and hedging activities . 201d accordingly , to reflect the change in fair value of the sprint nextel derivative , the company recorded a net gain of $ 99 million for the year ended december 31 , 2006 , included in other income ( expense ) in the company 2019s consolidated statements of operations . in december 2006 , the sprint nextel derivative was terminated and settled in cash and the 37.6 million shares of sprint nextel were converted to common shares and sold . the company received aggregate cash proceeds of approximately $ 820 million from the settlement of the sprint nextel derivative and the subsequent sale of the 37.6 million sprint nextel shares . the company recognized a loss of $ 126 million in connection with the sale of the remaining shares of sprint nextel common stock . as described above , the company recorded a net gain of $ 99 million in connection with the sprint nextel derivative . prior to the merger of sprint corporation ( 201csprint 201d ) and nextel communications , inc . ( 201cnextel 201d ) , the company had entered into variable share forward purchase agreements ( the 201cvariable forwards 201d ) to hedge its nextel common stock . the company did not designate the variable forwards as a hedge of the sprint nextel shares received as a result of the merger . accordingly , the company recorded $ 51 million of gains for the year ended december 31 , 2005 reflecting the change in value of the variable forwards . the variable forwards were settled during the fourth quarter of 2005 . fair value of financial instruments the company 2019s financial instruments include cash equivalents , sigma fund investments , short-term investments , accounts receivable , long-term finance receivables , accounts payable , accrued liabilities , derivatives and other financing commitments . the company 2019s sigma fund and investment portfolios and derivatives are recorded in the company 2019s consolidated balance sheets at fair value . all other financial instruments , with the exception of long-term debt , are carried at cost , which is not materially different than the instruments 2019 fair values. .
|
string
| null |
fair_value = 3
answer = fair_value
|
what was the percentage change in the backlog from 2013 to 2014
|
8.3000001907
|
CodeFinQA
|
mission systems and training our mst business segment provides ship and submarine mission and combat systems ; mission systems and sensors for rotary and fixed-wing aircraft ; sea and land-based missile defense systems ; radar systems ; littoral combat ships ; simulation and training services ; and unmanned systems and technologies . mst 2019s major programs include aegis combat system ( aegis ) , littoral combat ship ( lcs ) , mh-60 , tpq-53 radar system and mk-41 vertical launching system . mst 2019s operating results included the following ( in millions ) : .
| | 2014 | 2013 | 2012 |
| :--- | :--- | :--- | :--- |
| Net sales | $7,147 | $7,153 | $7,579 |
| Operating profit | 843 | 905 | 737 |
| Operating margins | 11.8% | 12.7% | 9.7% |
| Backlog at year-end | $11,700 | $10,800 | $10,700 |
2014 compared to 2013 mst 2019s net sales for 2014 were comparable to 2013 . net sales decreased by approximately $ 85 million for undersea systems programs due to decreased volume and deliveries ; and about $ 55 million related to the settlements of contract cost matters on certain programs ( including a portion of the terminated presidential helicopter program ) in 2013 that were not repeated in 2014 . the decreases were offset by higher net sales of approximately $ 80 million for integrated warfare systems and sensors programs due to increased volume ( primarily space fence ) ; and approximately $ 40 million for training and logistics solutions programs due to increased deliveries ( primarily close combat tactical trainer ) . mst 2019s operating profit for 2014 decreased $ 62 million , or 7% ( 7 % ) , compared to 2013 . the decrease was primarily attributable to lower operating profit of approximately $ 120 million related to the settlements of contract cost matters on certain programs ( including a portion of the terminated presidential helicopter program ) in 2013 that were not repeated in 2014 ; and approximately $ 45 million due to higher reserves recorded on certain training and logistics solutions programs . the decreases were partially offset by higher operating profit of approximately $ 45 million for performance matters and reserves recorded in 2013 that were not repeated in 2014 ; and about $ 60 million for various programs due to increased risk retirements ( including mh-60 and radar surveillance programs ) . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 50 million lower for 2014 compared to 2013 . 2013 compared to 2012 mst 2019s net sales for 2013 decreased $ 426 million , or 6% ( 6 % ) , compared to 2012 . the decrease was primarily attributable to lower net sales of approximately $ 275 million for various ship and aviation systems programs due to lower volume ( primarily ptds as final surveillance system deliveries occurred during the second quarter of 2012 ) ; about $ 195 million for various integrated warfare systems and sensors programs ( primarily naval systems ) due to lower volume ; approximately $ 65 million for various training and logistics programs due to lower volume ; and about $ 55 million for the aegis program due to lower volume . the decreases were partially offset by higher net sales of about $ 155 million for the lcs program due to increased volume . mst 2019s operating profit for 2013 increased $ 168 million , or 23% ( 23 % ) , compared to 2012 . the increase was primarily attributable to higher operating profit of approximately $ 120 million related to the settlement of contract cost matters on certain programs ( including a portion of the terminated presidential helicopter program ) ; about $ 55 million for integrated warfare systems and sensors programs ( primarily radar and halifax class modernization programs ) due to increased risk retirements ; and approximately $ 30 million for undersea systems programs due to increased risk retirements . the increases were partially offset by lower operating profit of about $ 55 million for training and logistics programs , primarily due to the recording of approximately $ 30 million of charges mostly related to lower-of-cost-or-market considerations ; and about $ 25 million for ship and aviation systems programs ( primarily ptds ) due to lower risk retirements and volume . operating profit related to the lcs program was comparable . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 170 million higher for 2013 compared to 2012 . backlog backlog increased in 2014 compared to 2013 primarily due to higher orders on new program starts ( such as space fence ) . backlog increased slightly in 2013 compared to 2012 mainly due to higher orders and lower sales on integrated warfare system and sensors programs ( primarily aegis ) and lower sales on various service programs , partially offset by lower orders on ship and aviation systems ( primarily mh-60 ) . .
|
string
| null |
backlog_2014 = 11700
backlog_2013 = 10800
percent_change = (backlog_2014 - backlog_2013) / backlog_2013
answer = percent_change * 100
|
based on the table , how much more square feet is owned outside the united states?
|
2731
|
CodeFinQA
|
item 2 : properties information concerning applied's properties at october 25 , 2015 is set forth below: .
| (Square feet in thousands) | United States | Other Countries | Total |
| :--- | :--- | :--- | :--- |
| Owned | 3,748 | 1,624 | 5,372 |
| Leased | 556 | 1,107 | 1,663 |
| Total | 4,304 | 2,731 | 7,035 |
because of the interrelation of applied's operations , properties within a country may be shared by the segments operating within that country . the company's headquarters offices are in santa clara , california . products in silicon systems are manufactured in austin , texas ; gloucester , massachusetts ; rehovot , israel ; and singapore . remanufactured equipment products in the applied global services segment are produced primarily in austin , texas . products in the display segment are manufactured in tainan , taiwan and santa clara , california . products in the energy and environmental solutions segment are primarily manufactured in alzenau , germany and treviso , italy . applied also owns and leases offices , plants and warehouse locations in many locations throughout the world , including in europe , japan , north america ( principally the united states ) , israel , china , india , korea , southeast asia and taiwan . these facilities are principally used for manufacturing ; research , development and engineering ; and marketing , sales and customer support . applied also owns a total of approximately 139 acres of buildable land in texas , california , israel and italy that could accommodate additional building space . applied considers the properties that it owns or leases as adequate to meet its current and future requirements . applied regularly assesses the size , capability and location of its global infrastructure and periodically makes adjustments based on these assessments. .
|
string
| null |
square_feet_other_countries = 7035 - 4304
answer = square_feet_other_countries
|
what was the percent of the decline in the mst net sales from 2010 to 2011
|
4.1999998093
|
CodeFinQA
|
2011 compared to 2010 mfc 2019s net sales for 2011 increased $ 533 million , or 8% ( 8 % ) , compared to 2010 . the increase was attributable to higher volume of about $ 420 million on air and missile defense programs ( primarily pac-3 and thaad ) ; and about $ 245 million from fire control systems programs primarily related to the sof clss program , which began late in the third quarter of 2010 . partially offsetting these increases were lower net sales due to decreased volume of approximately $ 75 million primarily from various services programs and approximately $ 20 million from tactical missile programs ( primarily mlrs and jassm ) . mfc 2019s operating profit for 2011 increased $ 96 million , or 10% ( 10 % ) , compared to 2010 . the increase was attributable to higher operating profit of about $ 60 million for air and missile defense programs ( primarily pac-3 and thaad ) as a result of increased volume and retirement of risks ; and approximately $ 25 million for various services programs . adjustments not related to volume , including net profit rate adjustments described above , were approximately $ 35 million higher in 2011 compared to 2010 . backlog backlog increased in 2012 compared to 2011 mainly due to increased orders and lower sales on fire control systems programs ( primarily lantirn ae and sniper ae ) and on various services programs , partially offset by lower orders and higher sales volume on tactical missiles programs . backlog increased in 2011 compared to 2010 primarily due to increased orders on air and missile defense programs ( primarily thaad ) . trends we expect mfc 2019s net sales for 2013 will be comparable with 2012 . we expect low double digit percentage growth in air and missile defense programs , offset by an expected decline in volume on logistics services programs . operating profit and margin are expected to be comparable with 2012 results . mission systems and training our mst business segment provides surface ship and submarine combat systems ; sea and land-based missile defense systems ; radar systems ; mission systems and sensors for rotary and fixed-wing aircraft ; littoral combat ships ; simulation and training services ; unmanned technologies and platforms ; ship systems integration ; and military and commercial training systems . mst 2019s major programs include aegis , mk-41 vertical launching system ( vls ) , tpq-53 radar system , mh-60 , lcs , and ptds . mst 2019s operating results included the following ( in millions ) : .
| | 2012 | 2011 | 2010 |
| :--- | :--- | :--- | :--- |
| Net sales | $7,579 | $7,132 | $7,443 |
| Operating profit | 737 | 645 | 713 |
| Operating margins | 9.7% | 9.0% | 9.6% |
| Backlog at year-end | 10,700 | 10,500 | 10,600 |
2012 compared to 2011 mst 2019s net sales for 2012 increased $ 447 million , or 6% ( 6 % ) , compared to 2011 . the increase in net sales for 2012 was attributable to higher volume and risk retirements of approximately $ 395 million from ship and aviation system programs ( primarily ptds ; lcs ; vls ; and mh-60 ) ; about $ 115 million for training and logistics solutions programs primarily due to net sales from sim industries , which was acquired in the fourth quarter of 2011 ; and approximately $ 30 million as a result of increased volume on integrated warfare systems and sensors programs ( primarily aegis ) . partially offsetting the increases were lower net sales of approximately $ 70 million from undersea systems programs due to lower volume on an international combat system program and towed array systems ; and about $ 25 million due to lower volume on various other programs . mst 2019s operating profit for 2012 increased $ 92 million , or 14% ( 14 % ) , compared to 2011 . the increase was attributable to higher operating profit of approximately $ 175 million from ship and aviation system programs , which reflects higher volume and risk retirements on certain programs ( primarily vls ; ptds ; mh-60 ; and lcs ) and reserves of about $ 55 million for contract cost matters on ship and aviation system programs recorded in the fourth quarter of 2011 ( including the terminated presidential helicopter program ) . partially offsetting the increase was lower operating profit of approximately $ 40 million from undersea systems programs due to reduced profit booking rates on certain programs and lower volume on an international combat system program and towed array systems ; and about $ 40 million due to lower volume on various other programs . adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 150 million higher for 2012 compared to 2011. .
|
string
| null |
net_sales_2012 = 7132
net_sales_2011 = 7443
percent_change = (net_sales_2012 - net_sales_2011) / net_sales_2011
answer = percent_change * 100
|
what was the quick ratio in july 2011 based on frontier assets and liabilities
|
1.4400000572
|
CodeFinQA
|
intangibles 2014 goodwill and other : testing goodwill for impairment in september 2011 , an accounting standard update was issued that allows entities an option to first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative goodwill impairment test . this standard is effective for annual and interim goodwill impairment testing beginning january 1 , 2012 . this standard will not have an impact on our financial condition , results of operations and cash flows . note 2 : merger and acquisitions holly - frontier merger on february 21 , 2011 , we entered into a merger agreement providing for a 201cmerger of equals 201d business combination between us and frontier for purposes of creating a more diversified company having a broader geographic sales footprint , stronger financial position and to create a more efficient corporate overhead structure , while also realizing synergies and promoting accretion to earnings per share . the legacy frontier business operations consist of crude oil refining and the wholesale marketing of refined petroleum products produced at the el dorado and cheyenne refineries and serve markets in the rocky mountain and plains states regions of the united states . on july 1 , 2011 , north acquisition , inc. , a direct wholly-owned subsidiary of holly , merged with and into frontier , with frontier surviving as a wholly-owned subsidiary of holly . concurrent with the merger , we changed our name to hollyfrontier corporation and changed the ticker symbol for our common stock traded on the new york stock exchange to 201chfc . 201d subsequent to the merger and following approval by the post-closing board of directors of hollyfrontier , frontier merged with and into hollyfrontier , with hollyfrontier continuing as the surviving corporation . in accordance with the merger agreement , we issued 102.8 million shares of hollyfrontier common stock in exchange for outstanding shares of frontier common stock to former frontier stockholders . each outstanding share of frontier common stock was converted into 0.4811 shares of hollyfrontier common stock with any fractional shares paid in cash . the aggregate consideration paid in stock in connection with the merger was $ 3.7 billion . this is based on our july 1 , 2011 market closing price of $ 35.93 and includes a portion of the fair value of the outstanding equity-based awards assumed from frontier that relates to pre-merger services . the number of shares issued in connection with our merger with frontier and the closing market price of our common stock at july 1 , 2011 have been adjusted to reflect the two-for-one stock split on august 31 , 2011 . the merger has been accounted for using the acquisition method of accounting with holly being considered the acquirer of frontier for accounting purposes . therefore , the purchase price was allocated to the fair value of the acquired assets and assumed liabilities at the acquisition date , with the excess purchase price being recorded as goodwill . the goodwill resulting from the merger is primarily due to the favorable location of the acquired refining facilities and the expected synergies to be gained from our combined business operations . goodwill related to this merger is not deductible for income tax purposes . the following table summarizes our fair value estimates of the frontier assets and liabilities recognized upon our merger on july 1 , 2011: .
| | (in millions) |
| :--- | :--- |
| Cash and cash equivalents | $872.7 |
| Accounts receivable | 737.9 |
| Inventories | 657.4 |
| Properties, plants and equipment | 1,054.3 |
| Goodwill | 2,254.0 |
| Income taxes receivable | 37.8 |
| Other assets | 32.8 |
| Accounts payable | (1,076.7) |
| Accrued liabilities | (40.7) |
| Long-term debt | (370.6) |
| Other long-term liabilities | (96.1) |
| Deferred income taxes | (357.6) |
| Net tangible and intangible assets acquired and liabilities assumed | $3,705.2 |
.
|
string
| null |
cash_and_cash_equivalents = 872.7
accounts_receivable = 737.9
inventories = 657.4
properties_plants_and_equipment = 1054.3
goodwill = 2254.0
income_taxes_receivable = 37.8
other_assets = 32.8
accounts_payable = 1076.7
accrued_liabilities = 40.7
long_term_debt = 370.6
other_long_term_liabilities = 96.1
deferred_income_taxes = 357.6
net_tangible_and_intangible_assets_acquired_and_liabilities_assumed = 3705.2
a = cash_and_cash_equivalents + accounts_receivable
b = accrued_liabilities + accounts_payable
c = a / b
answer = c
|
what was total rent charged to operating expense in millions for 2016 , 2015 and 2014?
|
802
|
CodeFinQA
|
the goldman sachs group , inc . and subsidiaries notes to consolidated financial statements commercial lending . the firm 2019s commercial lending commitments are extended to investment-grade and non- investment-grade corporate borrowers . commitments to investment-grade corporate borrowers are principally used for operating liquidity and general corporate purposes . the firm also extends lending commitments in connection with contingent acquisition financing and other types of corporate lending as well as commercial real estate financing . commitments that are extended for contingent acquisition financing are often intended to be short-term in nature , as borrowers often seek to replace them with other funding sources . sumitomo mitsui financial group , inc . ( smfg ) provides the firm with credit loss protection on certain approved loan commitments ( primarily investment-grade commercial lending commitments ) . the notional amount of such loan commitments was $ 26.88 billion and $ 27.03 billion as of december 2016 and december 2015 , respectively . the credit loss protection on loan commitments provided by smfg is generally limited to 95% ( 95 % ) of the first loss the firm realizes on such commitments , up to a maximum of approximately $ 950 million . in addition , subject to the satisfaction of certain conditions , upon the firm 2019s request , smfg will provide protection for 70% ( 70 % ) of additional losses on such commitments , up to a maximum of $ 1.13 billion , of which $ 768 million of protection had been provided as of both december 2016 and december 2015 . the firm also uses other financial instruments to mitigate credit risks related to certain commitments not covered by smfg . these instruments primarily include credit default swaps that reference the same or similar underlying instrument or entity , or credit default swaps that reference a market index . warehouse financing . the firm provides financing to clients who warehouse financial assets . these arrangements are secured by the warehoused assets , primarily consisting of consumer and corporate loans . contingent and forward starting resale and securities borrowing agreements/forward starting repurchase and secured lending agreements the firm enters into resale and securities borrowing agreements and repurchase and secured lending agreements that settle at a future date , generally within three business days . the firm also enters into commitments to provide contingent financing to its clients and counterparties through resale agreements . the firm 2019s funding of these commitments depends on the satisfaction of all contractual conditions to the resale agreement and these commitments can expire unused . letters of credit the firm has commitments under letters of credit issued by various banks which the firm provides to counterparties in lieu of securities or cash to satisfy various collateral and margin deposit requirements . investment commitments the firm 2019s investment commitments include commitments to invest in private equity , real estate and other assets directly and through funds that the firm raises and manages . investment commitments include $ 2.10 billion and $ 2.86 billion as of december 2016 and december 2015 , respectively , related to commitments to invest in funds managed by the firm . if these commitments are called , they would be funded at market value on the date of investment . leases the firm has contractual obligations under long-term noncancelable lease agreements for office space expiring on various dates through 2069 . certain agreements are subject to periodic escalation provisions for increases in real estate taxes and other charges . the table below presents future minimum rental payments , net of minimum sublease rentals . $ in millions december 2016 .
| <i>$ in millions</i> | As of December 2016 |
| :--- | :--- |
| 2017 | $ 290 |
| 2018 | 282 |
| 2019 | 238 |
| 2020 | 206 |
| 2021 | 159 |
| 2022 - thereafter | 766 |
| Total | $1,941 |
rent charged to operating expense was $ 244 million for 2016 , $ 249 million for 2015 and $ 309 million for 2014 . operating leases include office space held in excess of current requirements . rent expense relating to space held for growth is included in 201coccupancy . 201d the firm records a liability , based on the fair value of the remaining lease rentals reduced by any potential or existing sublease rentals , for leases where the firm has ceased using the space and management has concluded that the firm will not derive any future economic benefits . costs to terminate a lease before the end of its term are recognized and measured at fair value on termination . during 2016 , the firm incurred exit costs of approximately $ 68 million related to excess office space . goldman sachs 2016 form 10-k 169 .
|
string
| null |
total_rent = 244 + 249 + 309
answer = total_rent
|
what was the percent of the professional fees and outside services as part of the total overall changes 24.4
|
44.9000015259
|
CodeFinQA
|
recognized total losses and expenses of $ 28.6 million , including a net loss on write-down to fair value of the assets and certain other transaction fees of $ 27.1 million within other expenses and $ 1.5 million of legal and other fees . 2022 professional fees and outside services expense decreased in 2017 compared to 2016 , largely due to higher legal and regulatory fees in 2016 related to our business activities and product offerings as well as higher professional fees related to a greater reliance on consultants for security and systems enhancement work . the overall decrease in operating expenses in 2017 when compared with 2016 was partially offset by the following increases : 2022 licensing and other fee sharing agreements expense increased due to higher expense resulting from incentive payments made to facilitate the transition of the russell contract open interest , as well as increased costs of revenue sharing agreements for certain licensed products . the overall increase in 2017 was partially offset by lower expense related to revenue sharing agreements for certain equity and energy contracts due to lower volume for these products compared to 2016 . 2022 compensation and benefits expense increased as a result of higher average headcount primarily in our international locations as well as normal cost of living adjustments . 2016 compared with 2015 operating expenses increased by $ 54.4 million in 2016 when compared with 2015 . the following table shows the estimated impact of key factors resulting in the net decrease in operating expenses . ( dollars in millions ) over-year change change as a percentage of 2015 expenses .
| (dollars in millions) | Year-Over-YearChange | Change as aPercentage of2015 Expenses |
| :--- | :--- | :--- |
| Loss on datacenter and related legal fees | $28.6 | 2% |
| Professional fees and outside services | 24.4 | 2 |
| Foreign currency exchange rate fluctuation | 13.2 | 1 |
| Licensing and other fee agreements | 12.0 | 1 |
| Reorganization, severance and retirement costs | (8.1) | (1) |
| Real estate taxes and fees | (10.0) | (1) |
| Other expenses, net | (5.7) | β |
| Total | $54.4 | 4% |
overall operating expenses increased in 2016 when compared with 2015 due to the following reasons : 2022 in 2016 , we recognized total losses and expenses of $ 28.6 million , including a net loss on write-down to fair value of the assets and certain other transaction fees of $ 27.1 million within other expenses and $ 1.5 million of legal and other fees as a result of our sale and leaseback of our datacenter . 2022 professional fees and outside services expense increased in 2016 largely due to an increase in legal and regulatory efforts related to our business activities and product offerings as well as an increase in professional fees related to a greater reliance on consultants for security and systems enhancement work . 2022 in 2016 , we recognized a net loss of $ 24.5 million due to an unfavorable change in exchange rates on foreign cash balances , compared with a net loss of $ 11.3 million in 2015 . 2022 licensing and other fee sharing agreements expense increased due to higher expense related to revenue sharing agreements for certain equity and energy contracts due to both higher volume and an increase in license rates for certain equity and energy products. .
|
string
| null |
percent_change = 24.4 / 54.4
answer = percent_change * 100
|
what percentage of total shares repurchased were purchased in november?
|
33
|
CodeFinQA
|
issuer purchases of equity securities the following table provides information regarding purchases of our common stock that were made by us during the fourth quarter of 2011 . period total number of shares purchased ( 2 ) average price paid per share total number of shares purchased as part of publicly announced plans or programs ( 1 ) maximum dollar value of shares that may yet be purchased under the plans or programs ( 1 ) ( in millions ) .
| Period | Total Number of Shares Purchased(2) | Average Price Paid per Share | Total Number of Shares Purchased as Part ofPublicly Announced Plans or Programs(1) | Maximum Dollar Value of Shares that May YetBe Purchased Under the Plans or Programs(1) (In millions) |
| :--- | :--- | :--- | :--- | :--- |
| October 1 β October 31 | 3,228,557 | $58.52 | 3,227,800 | $108 |
| November 1 β November 30 | 1,813,994 | $66.38 | 1,618,110 | $β |
| December 1 β December 31 | 475,685 | $64.68 | β | $β |
| Total | 5,518,236 | $61.64 | 4,845,910 | |
( 1 ) in may 2010 , our board of directors approved a $ 3.5 billion share repurchase program . we completed this program in the fourth quarter of 2011 . in total , we repurchased 49.2 million common shares for $ 3.5 billion , or $ 71.18 per share , under this program . ( 2 ) during the fourth quarter of 2011 , we repurchased 672326 shares from company employees for the payment of personal income tax withholdings resulting from restricted stock vesting and stock option exercises . such repurchases are in addition to the $ 3.5 billion repurchase program . under the devon energy corporation incentive savings plan ( the 201cplan 201d ) , eligible employees may purchase shares of our common stock through an investment in the devon stock fund ( the 201cstock fund 201d ) , which is administered by an independent trustee , fidelity management trust company . eligible employees purchased approximately 45000 shares of our common stock in 2011 , at then-prevailing stock prices , that they held through their ownership in the stock fund . we acquired the shares of our common stock sold under the plan through open-market purchases . we filed a registration statement on form s-8 on january 26 , 2012 registering any offers and sales of interests in the plan or the stock fund and of the underlying shares of our common stock purchased by plan participants after that date . similarly , under the devon canada corporation savings plan ( the 201ccanadian plan 201d ) , eligible canadian employees may purchase shares of our common stock through an investment in the canadian plan , which is administered by an independent trustee , sun life assurance company of canada . eligible canadian employees purchased approximately 9000 shares of our common stock in 2011 , at then-prevailing stock prices , that they held through their ownership in the canadian plan . we acquired the shares sold under the canadian plan through open-market purchases . these shares and any interest in the canadian plan were offered and sold in reliance on the exemptions for offers and sales of securities made outside of the u.s. , including under regulation s for offers and sales of securities to employees pursuant to an employee benefit plan established and administered in accordance with the law of a country other than the u.s. .
|
string
| null |
shares_repurchased = 1813994
shares_total = 5518236
percent_november = shares_repurchased / shares_total
answer = percent_november * 100
|
in 2007 what was percent of the total senior secured transition bonds that was tranche a-2 due in october 2018
|
36.9000015259
|
CodeFinQA
|
entergy corporation and subsidiaries notes to financial statements in november 2000 , entergy's non-utility nuclear business purchased the fitzpatrick and indian point 3 power plants in a seller-financed transaction . entergy issued notes to nypa with seven annual installments of approximately $ 108 million commencing one year from the date of the closing , and eight annual installments of $ 20 million commencing eight years from the date of the closing . these notes do not have a stated interest rate , but have an implicit interest rate of 4.8% ( 4.8 % ) . in accordance with the purchase agreement with nypa , the purchase of indian point 2 in 2001 resulted in entergy's non-utility nuclear business becoming liable to nypa for an additional $ 10 million per year for 10 years , beginning in september 2003 . this liability was recorded upon the purchase of indian point 2 in september 2001 , and is included in the note payable to nypa balance above . in july 2003 , a payment of $ 102 million was made prior to maturity on the note payable to nypa . under a provision in a letter of credit supporting these notes , if certain of the utility operating companies or system energy were to default on other indebtedness , entergy could be required to post collateral to support the letter of credit . covenants in the entergy corporation notes require it to maintain a consolidated debt ratio of 65% ( 65 % ) or less of its total capitalization . if entergy's debt ratio exceeds this limit , or if entergy corporation or certain of the utility operating companies default on other indebtedness or are in bankruptcy or insolvency proceedings , an acceleration of the notes' maturity dates may occur . entergy gulf states louisiana , entergy louisiana , entergy mississippi , entergy texas , and system energy have received ferc long-term financing orders authorizing long-term securities issuances . entergy arkansas has received an apsc long-term financing order authorizing long-term securities issuances . the long-term securities issuances of entergy new orleans are limited to amounts authorized by the city council , and the current authorization extends through august 2010 . capital funds agreement pursuant to an agreement with certain creditors , entergy corporation has agreed to supply system energy with sufficient capital to : maintain system energy's equity capital at a minimum of 35% ( 35 % ) of its total capitalization ( excluding short- term debt ) ; permit the continued commercial operation of grand gulf ; pay in full all system energy indebtedness for borrowed money when due ; and enable system energy to make payments on specific system energy debt , under supplements to the agreement assigning system energy's rights in the agreement as security for the specific debt . entergy texas securitization bonds - hurricane rita in april 2007 , the puct issued a financing order authorizing the issuance of securitization bonds to recover $ 353 million of entergy texas' hurricane rita reconstruction costs and up to $ 6 million of transaction costs , offset by $ 32 million of related deferred income tax benefits . in june 2007 , entergy gulf states reconstruction funding i , llc , a company wholly-owned and consolidated by entergy texas , issued $ 329.5 million of senior secured transition bonds ( securitization bonds ) , as follows : amount ( in thousands ) .
| | Amount (In Thousands) |
| :--- | :--- |
| Senior Secured Transition Bonds, Series A: | |
| Tranche A-1 (5.51%) due October 2013 | $93,500 |
| Tranche A-2 (5.79%) due October 2018 | 121,600 |
| Tranche A-3 (5.93%) due June 2022 | 114,400 |
| Total senior secured transition bonds | $329,500 |
.
|
string
| null |
tranche_a_2_due_october_2018 = 121600
total_senior_secured_transition_bonds = 329500
percent_tranche_a_2_due_october_2018 = tranche_a_2_due_october_2018 / total_senior_secured_transition_bonds
answer = percent_tranche_a_2_due_october_2018 * 100
|
by how much did net undeveloped acres decrease from 2015 to 2016?
|
27.7000007629
|
CodeFinQA
|
in the ordinary course of business , based on our evaluations of certain geologic trends and prospective economics , we have allowed certain lease acreage to expire and may allow additional acreage to expire in the future . if production is not established or we take no other action to extend the terms of the leases , licenses , or concessions , undeveloped acreage listed in the table below will expire over the next three years . we plan to continue the terms of many of these licenses and concession areas or retain leases through operational or administrative actions . net undeveloped acres expiring year ended december 31 .
| | Net Undeveloped Acres Expiring Year Ended December 31, |
| :--- | :--- |
| (In thousands) | 2015 | 2016 | 2017 |
| U.S. | 211 | 150 | 94 |
| E.G. | 36 | β | β |
| Other Africa | 1,950 | 1,502 | 1,089 |
| Total Africa | 1,986 | 1,502 | 1,089 |
| Other International | 88 | β | β |
| Total | 2,285 | 1,652 | 1,183 |
oil sands mining segment we hold a 20 percent non-operated interest in the aosp , an oil sands mining and upgrading joint venture located in alberta , canada . the joint venture produces bitumen from oil sands deposits in the athabasca region utilizing mining techniques and upgrades the bitumen to synthetic crude oils and vacuum gas oil . the aosp 2019s mining and extraction assets are located near fort mcmurray , alberta , and include the muskeg river and the jackpine mines . gross design capacity of the combined mines is 255000 ( 51000 net to our interest ) barrels of bitumen per day . the aosp operations use established processes to mine oil sands deposits from an open-pit mine , extract the bitumen and upgrade it into synthetic crude oils . ore is mined using traditional truck and shovel mining techniques . the mined ore passes through primary crushers to reduce the ore chunks in size and is then sent to rotary breakers where the ore chunks are further reduced to smaller particles . the particles are combined with hot water to create slurry . the slurry moves through the extraction process where it separates into sand , clay and bitumen-rich froth . a solvent is added to the bitumen froth to separate out the remaining solids , water and heavy asphaltenes . the solvent washes the sand and produces clean bitumen that is required for the upgrader to run efficiently . the process yields a mixture of solvent and bitumen which is then transported from the mine to the scotford upgrader via the approximately 300-mile corridor pipeline . the aosp's scotford upgrader is located at fort saskatchewan , northeast of edmonton , alberta . the bitumen is upgraded at scotford using both hydrotreating and hydroconversion processes to remove sulfur and break the heavy bitumen molecules into lighter products . blendstocks acquired from outside sources are utilized in the production of our saleable products . the upgrader produces synthetic crude oils and vacuum gas oil . the vacuum gas oil is sold to an affiliate of the operator under a long-term contract at market-related prices , and the other products are sold in the marketplace . as of december 31 , 2014 , we own or have rights to participate in developed and undeveloped leases totaling approximately 163000 gross ( 33000 net ) acres . the underlying developed leases are held for the duration of the project , with royalties payable to the province of alberta . synthetic crude oil sales volumes for 2014 averaged 50 mbbld and net-of-royalty production was 41 mbbld . in december 2013 , a jackpine mine expansion project received conditional approval from the canadian government . the project includes additional mining areas , associated processing facilities and infrastructure . the government conditions relate to wildlife , the environment and aboriginal health issues . we will evaluate the potential expansion project and government conditions after infrastructure reliability initiatives are completed . the governments of alberta and canada have agreed to partially fund quest ccs for $ 865 million canadian . in the third quarter of 2012 , the energy and resources conservation board ( "ercb" ) , alberta's primary energy regulator at that time , conditionally approved the project and the aosp partners approved proceeding to construct and operate quest ccs . government funding commenced in 2012 and continued as milestones were achieved during the development , construction and operating phases . failure of the aosp to meet certain timing , performance and operating objectives may result in repaying some of the government funding . construction and commissioning of quest ccs is expected to be completed by late 2015. .
|
string
| null |
undeveloped_acres_2015 = 2285
undeveloped_acres_2016 = 1652
decrease = undeveloped_acres_2015 - undeveloped_acres_2016
percent_decrease = decrease / undeveloped_acres_2015
answer = percent_decrease * 100
|
as of december 31 , 2009 , what was the average cost per share of the acquired 66 million common shares under the program?
|
44.2700004578
|
CodeFinQA
|
marathon oil corporation notes to consolidated financial statements restricted stock awards the following is a summary of restricted stock award activity . awards weighted-average grant date fair value .
| | Awards | Weighted-AverageGrant DateFair Value |
| :--- | :--- | :--- |
| Unvested at December 31, 2008 | 2,049,255 | $47.72 |
| Granted | 251,335 | 24.74 |
| Vested | (762,466) | 46.03 |
| Forfeited | (96,625) | 43.56 |
| Unvested at December 31, 2009 | 1,441,499 | 44.89 |
the vesting date fair value of restricted stock awards which vested during 2009 , 2008 and 2007 was $ 24 million , $ 38 million and $ 29 million . the weighted average grant date fair value of restricted stock awards was $ 44.89 , $ 47.72 , and $ 39.87 for awards unvested at december 31 , 2009 , 2008 and 2007 . as of december 31 , 2009 , there was $ 43 million of unrecognized compensation cost related to restricted stock awards which is expected to be recognized over a weighted average period of 1.6 years . stock-based performance awards all stock-based performance awards have either vested or been forfeited . the vesting date fair value of stock- based performance awards which vested during 2007 was $ 38 . 24 . stockholders 2019 equity in each year , 2009 and 2008 , we issued 2 million in common stock upon the redemption of the exchangeable shares described below in addition to treasury shares issued for employee stock-based awards . the board of directors has authorized the repurchase of up to $ 5 billion of marathon common stock . purchases under the program may be in either open market transactions , including block purchases , or in privately negotiated transactions . we will use cash on hand , cash generated from operations , proceeds from potential asset sales or cash from available borrowings to acquire shares . this program may be changed based upon our financial condition or changes in market conditions and is subject to termination prior to completion . the repurchase program does not include specific price targets or timetables . as of december 31 , 2009 , we have acquired 66 million common shares at a cost of $ 2922 million under the program . no shares have been acquired since august 2008 . securities exchangeable into marathon common stock 2013 as discussed in note 6 , we acquired all of the outstanding shares of western on october 18 , 2007 . the western shareholders who were canadian residents received , at their election , cash , marathon common stock , securities exchangeable into marathon common stock ( the 201cexchangeable shares 201d ) or a combination thereof . the western shareholders elected to receive 5 million exchangeable shares as part of the acquisition consideration . the exchangeable shares are shares of an indirect canadian subsidiary of marathon and , at the acquisition date , were exchangeable on a one-for-one basis into marathon common stock . subsequent to the acquisition , the exchange ratio is adjusted to reflect cash dividends , if any , paid on marathon common stock and cash dividends , if any , paid on the exchangeable shares . the exchange ratio at december 31 , 2009 , was 1.06109 common shares for each exchangeable share . the exchangeable shares are exchangeable at the option of the holder at any time and are automatically redeemable on october 18 , 2011 . holders of exchangeable shares are entitled to instruct a trustee to vote ( or obtain a proxy from the trustee to vote directly ) on all matters submitted to the holders of marathon common stock . the number of votes to which each holder is entitled is equal to the whole number of shares of marathon common stock into which such holder 2019s exchangeable shares would be exchangeable based on the exchange ratio in effect on the record date for the vote . the voting right is attached to voting preferred shares of marathon that were issued to a trustee in an amount .
|
string
| null |
cost_per_share = 2922 / 66
answer = cost_per_share
|
what percentage of total entergy's employees are part of entergy arkansas?
|
9.1999998093
|
CodeFinQA
|
part i item 1 entergy corporation , utility operating companies , and system energy asbestos litigation ( entergy arkansas , entergy gulf states louisiana , entergy louisiana , entergy mississippi , entergy new orleans , and entergy texas ) numerous lawsuits have been filed in federal and state courts primarily in texas and louisiana , primarily by contractor employees who worked in the 1940-1980s timeframe , against entergy gulf states louisiana and entergy texas , and to a lesser extent the other utility operating companies , as premises owners of power plants , for damages caused by alleged exposure to asbestos . many other defendants are named in these lawsuits as well . currently , there are approximately 500 lawsuits involving approximately 5000 claimants . management believes that adequate provisions have been established to cover any exposure . additionally , negotiations continue with insurers to recover reimbursements . management believes that loss exposure has been and will continue to be handled so that the ultimate resolution of these matters will not be material , in the aggregate , to the financial position or results of operation of the utility operating companies . employment and labor-related proceedings ( entergy corporation , entergy arkansas , entergy gulf states louisiana , entergy louisiana , entergy mississippi , entergy new orleans , entergy texas , and system energy ) the registrant subsidiaries and other entergy subsidiaries are responding to various lawsuits in both state and federal courts and to other labor-related proceedings filed by current and former employees . generally , the amount of damages being sought is not specified in these proceedings . these actions include , but are not limited to , allegations of wrongful employment actions ; wage disputes and other claims under the fair labor standards act or its state counterparts ; claims of race , gender and disability discrimination ; disputes arising under collective bargaining agreements ; unfair labor practice proceedings and other administrative proceedings before the national labor relations board ; claims of retaliation ; and claims for or regarding benefits under various entergy corporation sponsored plans . entergy and the registrant subsidiaries are responding to these suits and proceedings and deny liability to the claimants . employees employees are an integral part of entergy 2019s commitment to serving customers . as of december 31 , 2011 , entergy subsidiaries employed 14682 people . utility: .
| Entergy Arkansas | 1,357 |
| :--- | :--- |
| Entergy Gulf States Louisiana | 805 |
| Entergy Louisiana | 937 |
| Entergy Mississippi | 736 |
| Entergy New Orleans | 342 |
| Entergy Texas | 674 |
| System Energy | - |
| Entergy Operations | 2,867 |
| Entergy Services | 3,138 |
| Entergy Nuclear Operations | 3,709 |
| Other subsidiaries | 117 |
| Total Entergy | 14,682 |
approximately 5300 employees are represented by the international brotherhood of electrical workers , the utility workers union of america , the international brotherhood of teamsters , the united government security officers of america , and the international union , security , police , fire professionals of america. .
|
string
| null |
employees_entergy_arkansas = 1357
employees_total = 14682
percent_entergy_arkansas = employees_entergy_arkansas / employees_total
answer = percent_entergy_arkansas * 100
|
between 2012 and december 312014 what was the cumulative decrease in tax positions
|
11200
|
CodeFinQA
|
majority of the increased tax position is attributable to temporary differences . the increase in 2014 current period tax positions related primarily to the company 2019s change in tax accounting method filed in 2008 for repair and maintenance costs on its utility plant . the company does not anticipate material changes to its unrecognized tax benefits within the next year . if the company sustains all of its positions at december 31 , 2014 and 2013 , an unrecognized tax benefit of $ 9444 and $ 7439 , respectively , excluding interest and penalties , would impact the company 2019s effective tax rate . the following table summarizes the changes in the company 2019s valuation allowance: .
| Balance at January 1, 2012 | $21,579 |
| :--- | :--- |
| Increases in current period tax positions | β |
| Decreases in current period tax positions | (2,059) |
| Balance at December 31, 2012 | $19,520 |
| Increases in current period tax positions | β |
| Decreases in current period tax positions | (5,965) |
| Balance at December 31, 2013 | $13,555 |
| Increases in current period tax positions | β |
| Decreases in current period tax positions | (3,176) |
| Balance at December 31, 2014 | $10,379 |
included in 2013 is a discrete tax benefit totaling $ 2979 associated with an entity re-organization within the company 2019s market-based operations segment that allowed for the utilization of state net operating loss carryforwards and the release of an associated valuation allowance . note 13 : employee benefits pension and other postretirement benefits the company maintains noncontributory defined benefit pension plans covering eligible employees of its regulated utility and shared services operations . benefits under the plans are based on the employee 2019s years of service and compensation . the pension plans have been closed for all employees . the pension plans were closed for most employees hired on or after january 1 , 2006 . union employees hired on or after january 1 , 2001 had their accrued benefit frozen and will be able to receive this benefit as a lump sum upon termination or retirement . union employees hired on or after january 1 , 2001 and non-union employees hired on or after january 1 , 2006 are provided with a 5.25% ( 5.25 % ) of base pay defined contribution plan . the company does not participate in a multiemployer plan . the company 2019s pension funding practice is to contribute at least the greater of the minimum amount required by the employee retirement income security act of 1974 or the normal cost . further , the company will consider additional contributions if needed to avoid 201cat risk 201d status and benefit restrictions under the pension protection act of 2006 . the company may also consider increased contributions , based on other financial requirements and the plans 2019 funded position . pension plan assets are invested in a number of actively managed and commingled funds including equity and bond funds , fixed income securities , guaranteed interest contracts with insurance companies , real estate funds and real estate investment trusts ( 201creits 201d ) . pension expense in excess of the amount contributed to the pension plans is deferred by certain regulated subsidiaries pending future recovery in rates charged for utility services as contributions are made to the plans . ( see note 6 ) the company also has unfunded noncontributory supplemental non-qualified pension plans that provide additional retirement benefits to certain employees. .
|
string
| null |
decrease_in_tax_positions = 2059 + 5965
decrease_in_tax_positions_2013 = 3176
decrease_in_tax_positions_2014 = 0
answer = decrease_in_tax_positions + decrease_in_tax_positions_2013 + decrease_in_tax_positions_2014
|
in 2017 what was the percent of the corporate & investment bank as part of the total common stockholders 2019 equity allocated to each line of business
|
30.5
|
CodeFinQA
|
jpmorgan chase & co./2017 annual report 89 the table below reflects the firm 2019s assessed level of capital allocated to each line of business as of the dates indicated . line of business equity ( allocated capital ) .
| | | December 31, |
| :--- | :--- | :--- |
| (in billions) | January 1,2018 | 2017 | 2016 |
| Consumer & Community Banking | $51.0 | $51.0 | $51.0 |
| Corporate & Investment Bank | 70.0 | 70.0 | 64.0 |
| Commercial Banking | 20.0 | 20.0 | 16.0 |
| Asset & Wealth Management | 9.0 | 9.0 | 9.0 |
| Corporate | 79.6 | 79.6 | 88.1 |
| Total common stockholdersβ equity | $229.6 | $229.6 | $228.1 |
planning and stress testing comprehensive capital analysis and review the federal reserve requires large bank holding companies , including the firm , to submit a capital plan on an annual basis . the federal reserve uses the ccar and dodd-frank act stress test processes to ensure that large bhcs have sufficient capital during periods of economic and financial stress , and have robust , forward-looking capital assessment and planning processes in place that address each bhc 2019s unique risks to enable it to absorb losses under certain stress scenarios . through the ccar , the federal reserve evaluates each bhc 2019s capital adequacy and internal capital adequacy assessment processes ( 201cicaap 201d ) , as well as its plans to make capital distributions , such as dividend payments or stock repurchases . on june 28 , 2017 , the federal reserve informed the firm that it did not object , on either a quantitative or qualitative basis , to the firm 2019s 2017 capital plan . for information on actions taken by the firm 2019s board of directors following the 2017 ccar results , see capital actions on pages 89-90 . the firm 2019s ccar process is integrated into and employs the same methodologies utilized in the firm 2019s icaap process , as discussed below . internal capital adequacy assessment process semiannually , the firm completes the icaap , which provides management with a view of the impact of severe and unexpected events on earnings , balance sheet positions , reserves and capital . the firm 2019s icaap integrates stress testing protocols with capital planning . the process assesses the potential impact of alternative economic and business scenarios on the firm 2019s earnings and capital . economic scenarios , and the parameters underlying those scenarios , are defined centrally and applied uniformly across the businesses . these scenarios are articulated in terms of macroeconomic factors , which are key drivers of business results ; global market shocks , which generate short-term but severe trading losses ; and idiosyncratic operational risk events . the scenarios are intended to capture and stress key vulnerabilities and idiosyncratic risks facing the firm . however , when defining a broad range of scenarios , actual events can always be worse . accordingly , management considers additional stresses outside these scenarios , as necessary . icaap results are reviewed by management and the audit committee . capital actions preferred stock preferred stock dividends declared were $ 1.7 billion for the year ended december 31 , 2017 . on october 20 , 2017 , the firm issued $ 1.3 billion of fixed- to-floating rate non-cumulative preferred stock , series cc , with an initial dividend rate of 4.625% ( 4.625 % ) . on december 1 , 2017 , the firm redeemed all $ 1.3 billion of its outstanding 5.50% ( 5.50 % ) non-cumulative preferred stock , series o . for additional information on the firm 2019s preferred stock , see note 20 . trust preferred securities on december 18 , 2017 , the delaware trusts that issued seven series of outstanding trust preferred securities were liquidated , $ 1.6 billion of trust preferred and $ 56 million of common securities originally issued by those trusts were cancelled , and the junior subordinated debentures previously held by each trust issuer were distributed pro rata to the holders of the corresponding series of trust preferred and common securities . the firm redeemed $ 1.6 billion of trust preferred securities in the year ended december 31 , 2016 . common stock dividends the firm 2019s common stock dividend policy reflects jpmorgan chase 2019s earnings outlook , desired dividend payout ratio , capital objectives , and alternative investment opportunities . on september 19 , 2017 , the firm announced that its board of directors increased the quarterly common stock dividend to $ 0.56 per share , effective with the dividend paid on october 31 , 2017 . the firm 2019s dividends are subject to the board of directors 2019 approval on a quarterly basis . for information regarding dividend restrictions , see note 20 and note 25. .
|
string
| null |
line_of_business = "Corporate & Investment Bank"
total_equity = 229.6
allocated_capital = 70.0
percent_of_total = allocated_capital / total_equity
answer = percent_of_total * 100
|
what percent of total contractual obligations is long term debt?
|
84.3399963379
|
CodeFinQA
|
management 2019s discussion and analysis of financial condition and results of operations ( continued ) the npr is generally consistent with the basel committee 2019s lcr . however , it includes certain more stringent requirements , including an accelerated implementation time line and modifications to the definition of high-quality liquid assets and expected outflow assumptions . we continue to analyze the proposed rules and analyze their impact as well as develop strategies for compliance . the principles of the lcr are consistent with our liquidity management framework ; however , the specific calibrations of various elements within the final lcr rule , such as the eligibility of assets as hqla , operational deposit requirements and net outflow requirements could have a material effect on our liquidity , funding and business activities , including the management and composition of our investment securities portfolio and our ability to extend committed contingent credit facilities to our clients . in january 2014 , the basel committee released a revised proposal with respect to the net stable funding ratio , or nsfr , which will establish a one-year liquidity standard representing the proportion of long-term assets funded by long-term stable funding , scheduled for global implementation in 2018 . the revised nsfr has made some favorable changes regarding the treatment of operationally linked deposits and a reduction in the funding required for certain securities . however , we continue to review the specifics of the basel committee's release and will be evaluating the u.s . implementation of this standard to analyze the impact and develop strategies for compliance . u.s . banking regulators have not yet issued a proposal to implement the nsfr . contractual cash obligations and other commitments the following table presents our long-term contractual cash obligations , in total and by period due as of december 31 , 2013 . these obligations were recorded in our consolidated statement of condition as of that date , except for operating leases and the interest portions of long-term debt and capital leases . contractual cash obligations .
| | PAYMENTS DUE BY PERIOD |
| :--- | :--- |
| As of December 31, 2013(In millions) | Total | Less than 1year | 1-3years | 4-5years | Over 5years |
| Long-term debt<sup>(1)</sup> | $10,630 | $1,015 | $2,979 | $2,260 | $4,376 |
| Operating leases | 923 | 208 | 286 | 209 | 220 |
| Capital lease obligations | 1,051 | 99 | 185 | 169 | 598 |
| Total contractual cash obligations | $12,604 | $1,322 | $3,450 | $2,638 | $5,194 |
( 1 ) long-term debt excludes capital lease obligations ( presented as a separate line item ) and the effect of interest-rate swaps . interest payments were calculated at the stated rate with the exception of floating-rate debt , for which payments were calculated using the indexed rate in effect as of december 31 , 2013 . the table above does not include obligations which will be settled in cash , primarily in less than one year , such as client deposits , federal funds purchased , securities sold under repurchase agreements and other short-term borrowings . additional information about deposits , federal funds purchased , securities sold under repurchase agreements and other short-term borrowings is provided in notes 8 and 9 to the consolidated financial statements included under item 8 of this form 10-k . the table does not include obligations related to derivative instruments because the derivative-related amounts recorded in our consolidated statement of condition as of december 31 , 2013 did not represent the amounts that may ultimately be paid under the contracts upon settlement . additional information about our derivative instruments is provided in note 16 to the consolidated financial statements included under item 8 of this form 10-k . we have obligations under pension and other post-retirement benefit plans , more fully described in note 19 to the consolidated financial statements included under item 8 of this form 10-k , which are not included in the above table . additional information about contractual cash obligations related to long-term debt and operating and capital leases is provided in notes 10 and 20 to the consolidated financial statements included under item 8 of this form 10-k . our consolidated statement of cash flows , also included under item 8 of this form 10-k , provides additional liquidity information . the following table presents our commitments , other than the contractual cash obligations presented above , in total and by duration as of december 31 , 2013 . these commitments were not recorded in our consolidated statement of condition as of that date. .
|
string
| null |
long_term_debt = 10630
total_contractual_obligations = 12604
percent_long_term_debt = long_term_debt / total_contractual_obligations
answer = percent_long_term_debt * 100
|
what was the percent of the total future minimum rental payments under non-cancellable that was due in 2015
|
6.1999998093
|
CodeFinQA
|
american tower corporation and subsidiaries notes to consolidated financial statements mexico litigation 2014one of the company 2019s subsidiaries , spectrasite communications , inc . ( 201csci 201d ) , is involved in a lawsuit brought in mexico against a former mexican subsidiary of sci ( the subsidiary of sci was sold in 2002 , prior to the company 2019s merger with sci 2019s parent in 2005 ) . the lawsuit concerns a terminated tower construction contract and related agreements with a wireless carrier in mexico . the primary issue for the company is whether sci itself can be found liable to the mexican carrier . the trial and lower appellate courts initially found that sci had no such liability in part because mexican courts do not have the necessary jurisdiction over sci . following several decisions by mexican appellate courts , including the supreme court of mexico , and related appeals by both parties , an intermediate appellate court issued a new decision that would , if enforceable , reimpose liability on sci in september 2010 . in its decision , the intermediate appellate court identified potential damages of approximately $ 6.7 million , and on october 14 , 2010 , the company filed a new constitutional appeal to again dispute the decision . as a result , at this stage of the proceeding , the company is unable to determine whether the liability imposed on sci by the september 2010 decision will survive or to estimate its share , if any , of that potential liability if the decision survives the pending appeal . xcel litigation 2014on june 3 , 2010 , horse-shoe capital ( 201chorse-shoe 201d ) , a company formed under the laws of the republic of mauritius , filed a complaint in the supreme court of the state of new york , new york county , with respect to horse-shoe 2019s sale of xcel to american tower mauritius ( 201catmauritius 201d ) , the company 2019s wholly-owned subsidiary formed under the laws of the republic of mauritius . the complaint names atmauritius , ati and the company as defendants , and the dispute concerns the timing and amount of distributions to be made by atmauritius to horse-shoe from a $ 7.5 million holdback escrow account and a $ 15.7 million tax escrow account , each established by the transaction agreements at closing . the complaint seeks release of the entire holdback escrow account , plus an additional $ 2.8 million , as well as the release of approximately $ 12.0 million of the tax escrow account . the complaint also seeks punitive damages in excess of $ 69.0 million . the company filed an answer to the complaint in august 2010 , disputing both the amounts alleged to be owed under the escrow agreements as well as the timing of the escrow distributions . the company also asserted in its answer that the demand for punitive damages is meritless . the parties have filed cross-motions for summary judgment concerning the release of the tax escrow account and in january 2011 the court granted the company 2019s motion for summary judgment , finding no obligation for the company to release the disputed portion of the tax escrow until 2013 . other claims are pending . the company is vigorously defending the lawsuit . lease obligations 2014the company leases certain land , office and tower space under operating leases that expire over various terms . many of the leases contain renewal options with specified increases in lease payments upon exercise of the renewal option . escalation clauses present in operating leases , excluding those tied to cpi or other inflation-based indices , are recognized on a straight-line basis over the non-cancellable term of the lease . future minimum rental payments under non-cancellable operating leases include payments for certain renewal periods at the company 2019s option because failure to renew could result in a loss of the applicable tower site and related revenues from tenant leases , thereby making it reasonably assured that the company will renew the lease . such payments in effect at december 31 , 2010 are as follows ( in thousands ) : year ending december 31 .
| 2011 | $257,971 |
| :--- | :--- |
| 2012 | 254,575 |
| 2013 | 251,268 |
| 2014 | 246,392 |
| 2015 | 238,035 |
| Thereafter | 2,584,332 |
| Total | $3,832,573 |
.
|
string
| null |
rent_2015 = 238035
rent_total = 3832573
percent_rent = rent_2015 / rent_total
answer = percent_rent * 100
|
what amount of net capital was raised by the company at the ipo with the issuance of class a common stock?
|
1.91010816e+10
|
CodeFinQA
|
visa inc . notes to consolidated financial statements 2014 ( continued ) september 30 , 2008 ( in millions , except as noted ) were converted on a one-to-one basis from class eu ( series i , ii , iii ) common stock to class c ( series iii , ii , and iv ) common stock concurrent with the true-up . the results of the true-up are reflected in the table below . fractional shares resulting from the conversion of the shares of each individual stockholder have been rounded down . these fractional shares were paid in cash to stockholders as part of the initial redemption of class b common stock and class c common stock shortly following the ipo . outstanding regional classes and series of common stock issued in the reorganization converted classes and series of common stock issued in the true-up number of regional classes and series of common stock issued in the reorganization true-up conversion number of converted classes and series of common stock after the true-up class usa ( 1 ) class b ( 2 ) 426390481 0.93870 400251872 .
| Outstanding Regional Classes and Seriesof Common Stock Issued inthe Reorganization | Converted Classes and Series of Common Stock Issued in the True-Up | Number of Regional Classes and Series of Common Stock Issued in the Reorganization | True-up Conversion Ratio | Number of Converted Classes and Series of Common Stock after the True-Up |
| :--- | :--- | :--- | :--- | :--- |
| Class USA<sup>(1)</sup> | Class B<sup>(2)</sup> | 426,390,481 | 0.93870 | 400,251,872 |
| Class EU (series I) | Class C (series III) | 62,213,201 | 1.00000 | 62,213,201 |
| Class EU (series II) | Class C (series II) | 27,904,464 | 1.00000 | 27,904,464 |
| Class EU (series III) | Class C (series IV) | 549,587 | 1.00000 | 549,587 |
| Class Canada | Class C (series I) | 22,034,685 | 0.98007 | 21,595,528 |
| Class AP | Class C (series I) | 119,100,481 | 1.19043 | 141,780,635 |
| Class LAC | Class C (series I) | 80,137,915 | 1.07110 | 85,835,549 |
| Class CEMEA | Class C (series I) | 36,749,698 | 0.95101 | 34,949,123 |
( 1 ) the amount of the class usa common stock outstanding prior to the true-up is net of 131592008 shares held by wholly-owned subsidiaries of the company . ( 2 ) the amount of the class b common stock outstanding subsequent to the true-up is net of 123525418 shares held by wholly-owned subsidiaries of the company . also , the company issued 51844393 additional shares of class c ( series ii ) common stock at a price of $ 44 per share in exchange for a subscription receivable from visa europe . this issuance and subscription receivable were recorded as offsetting entries in temporary equity on the company 2019s consolidated balance sheet at september 30 , 2008 . initial public offering in march 2008 , the company completed its ipo with the issuance of 446600000 shares of class a common stock at a net offering price of $ 42.77 ( the ipo price of $ 44.00 per share of class a common stock , less underwriting discounts and commissions of $ 1.23 per share ) . the company received net proceeds of $ 19.1 billion as a result of the ipo. .
|
string
| null |
shares_issued = 446600000
price = 42.77
net_proceeds = shares_issued * price
answer = net_proceeds
|
what was the percentage change in the reclassification of non-controlling interests from 2007 to 2008
|
162.5
|
CodeFinQA
|
the company recognizes the effect of income tax positions only if sustaining those positions is more likely than not . changes in recognition or measurement are reflected in the period in which a change in judgment occurs . the company records penalties and interest related to unrecognized tax benefits in income taxes in the company 2019s consolidated statements of income . changes in accounting principles business combinations and noncontrolling interests on january 1 , 2009 , the company adopted revised principles related to business combinations and noncontrolling interests . the revised principle on business combinations applies to all transactions or other events in which an entity obtains control over one or more businesses . it requires an acquirer to recognize the assets acquired , the liabilities assumed , and any noncontrolling interest in the acquiree at the acquisition date , measured at their fair values as of that date . business combinations achieved in stages require recognition of the identifiable assets and liabilities , as well as the noncontrolling interest in the acquiree , at the full amounts of their fair values when control is obtained . this revision also changes the requirements for recognizing assets acquired and liabilities assumed arising from contingencies , and requires direct acquisition costs to be expensed . in addition , it provides certain changes to income tax accounting for business combinations which apply to both new and previously existing business combinations . in april 2009 , additional guidance was issued which revised certain business combination guidance related to accounting for contingent liabilities assumed in a business combination . the company has adopted this guidance in conjunction with the adoption of the revised principles related to business combinations . the adoption of the revised principles related to business combinations has not had a material impact on the consolidated financial statements . the revised principle related to noncontrolling interests establishes accounting and reporting standards for the noncontrolling interests in a subsidiary and for the deconsolidation of a subsidiary . the revised principle clarifies that a noncontrolling interest in a subsidiary is an ownership interest in the consolidated entity that should be reported as a separate component of equity in the consolidated statements of financial position . the revised principle requires retrospective adjustments , for all periods presented , of stockholders 2019 equity and net income for noncontrolling interests . in addition to these financial reporting changes , the revised principle provides for significant changes in accounting related to changes in ownership of noncontrolling interests . changes in aon 2019s controlling financial interests in consolidated subsidiaries that do not result in a loss of control are accounted for as equity transactions similar to treasury stock transactions . if a change in ownership of a consolidated subsidiary results in a loss of control and deconsolidation , any retained ownership interests are remeasured at fair value with the gain or loss reported in net income . in previous periods , noncontrolling interests for operating subsidiaries were reported in other general expenses in the consolidated statements of income . prior period amounts have been restated to conform to the current year 2019s presentation . the principal effect on the prior years 2019 balance sheets related to the adoption of the new guidance related to noncontrolling interests is summarized as follows ( in millions ) : .
| As of December 31 | 2008 | 2007 |
| :--- | :--- | :--- |
| Equity, as previously reported | $5,310 | $6,221 |
| Increase for reclassification of non-controlling interests | 105 | 40 |
| Equity, as adjusted | $5,415 | $6,261 |
the revised principle also requires that net income be adjusted to include the net income attributable to the noncontrolling interests and a new separate caption for net income attributable to aon stockholders be presented in the consolidated statements of income . the adoption of this new guidance increased net income by $ 16 million and $ 13 million for 2008 and 2007 , respectively . net .
|
string
| null |
increase_2008 = 105
increase_2007 = 40
change = increase_2008 - increase_2007
percent_change = change / increase_2007
answer = percent_change * 100
|
what is the debt-to-total asset ratio in 2016?
|
2.5
|
CodeFinQA
|
the goldman sachs group , inc . and subsidiaries management 2019s discussion and analysis scenario analyses . we conduct various scenario analyses including as part of the comprehensive capital analysis and review ( ccar ) and dodd-frank act stress tests ( dfast ) , as well as our resolution and recovery planning . see 201cequity capital management and regulatory capital 2014 equity capital management 201d below for further information about these scenario analyses . these scenarios cover short-term and long-term time horizons using various macroeconomic and firm-specific assumptions , based on a range of economic scenarios . we use these analyses to assist us in developing our longer-term balance sheet management strategy , including the level and composition of assets , funding and equity capital . additionally , these analyses help us develop approaches for maintaining appropriate funding , liquidity and capital across a variety of situations , including a severely stressed environment . balance sheet allocation in addition to preparing our consolidated statements of financial condition in accordance with u.s . gaap , we prepare a balance sheet that generally allocates assets to our businesses , which is a non-gaap presentation and may not be comparable to similar non-gaap presentations used by other companies . we believe that presenting our assets on this basis is meaningful because it is consistent with the way management views and manages risks associated with our assets and better enables investors to assess the liquidity of our assets . the table below presents our balance sheet allocation. .
| | As of December |
| :--- | :--- |
| <i>$ in millions</i> | 2016 | 2015 |
| Global Core Liquid Assets (GCLA) | $226,066 | $199,120 |
| Other cash | 9,088 | 9,180 |
| GCLA and cash | 235,154 | 208,300 |
| Secured client financing | 199,387 | 221,325 |
| Inventory | 206,988 | 208,836 |
| Secured financing agreements | 65,606 | 63,495 |
| Receivables | 29,592 | 39,976 |
| Institutional Client Services | 302,186 | 312,307 |
| Public equity | 3,224 | 3,991 |
| Private equity | 18,224 | 16,985 |
| Debt | 21,675 | 23,216 |
| Loans receivable | 49,672 | 45,407 |
| Other | 5,162 | 4,646 |
| Investing & Lending | 97,957 | 94,245 |
| Total inventory and relatedassets | 400,143 | 406,552 |
| Other assets | 25,481 | 25,218 |
| Total assets | $860,165 | $861,395 |
the following is a description of the captions in the table above : 2030 global core liquid assets and cash . we maintain liquidity to meet a broad range of potential cash outflows and collateral needs in a stressed environment . see 201cliquidity risk management 201d below for details on the composition and sizing of our 201cglobal core liquid assets 201d ( gcla ) . in addition to our gcla , we maintain other unrestricted operating cash balances , primarily for use in specific currencies , entities , or jurisdictions where we do not have immediate access to parent company liquidity . 2030 secured client financing . we provide collateralized financing for client positions , including margin loans secured by client collateral , securities borrowed , and resale agreements primarily collateralized by government obligations . we segregate cash and securities for regulatory and other purposes related to client activity . securities are segregated from our own inventory as well as from collateral obtained through securities borrowed or resale agreements . our secured client financing arrangements , which are generally short-term , are accounted for at fair value or at amounts that approximate fair value , and include daily margin requirements to mitigate counterparty credit risk . 2030 institutional client services . in institutional client services , we maintain inventory positions to facilitate market making in fixed income , equity , currency and commodity products . additionally , as part of market- making activities , we enter into resale or securities borrowing arrangements to obtain securities or use our own inventory to cover transactions in which we or our clients have sold securities that have not yet been purchased . the receivables in institutional client services primarily relate to securities transactions . 2030 investing & lending . in investing & lending , we make investments and originate loans to provide financing to clients . these investments and loans are typically longer- term in nature . we make investments , directly and indirectly through funds that we manage , in debt securities , loans , public and private equity securities , infrastructure , real estate entities and other investments . we also make unsecured loans to individuals through our online platform . debt includes $ 14.23 billion and $ 17.29 billion as of december 2016 and december 2015 , respectively , of direct loans primarily extended to corporate and private wealth management clients that are accounted for at fair value . loans receivable is comprised of loans held for investment that are accounted for at amortized cost net of allowance for loan losses . see note 9 to the consolidated financial statements for further information about loans receivable . goldman sachs 2016 form 10-k 67 .
|
string
| null |
debt_to_assets_2016 = 21675
assets_2016 = 860165
debt_to_assets_ratio_2016 = debt_to_assets_2016 / assets_2016
answer = debt_to_assets_ratio_2016 * 100
|
what was the volume impact on sales in the industrial coatings segment ( millions ) ?
|
116.8000030518
|
CodeFinQA
|
management 2019s discussion and analysis value of the company 2019s obligation relating to asbestos claims under the ppg settlement arrangement . the legal settlements net of insurance included aftertax charges of $ 80 million for the marvin legal settlement , net of insurance recoveries of $ 11 million , and $ 37 million for the impact of the federal glass class action antitrust legal settlement . results of reportable business segments net sales segment income ( millions ) 2006 2005 2006 2005 .
| | <i>Net sales</i> | <i>Segment income</i> |
| :--- | :--- | :--- |
| <i>(Millions)</i> | 2006 | 2005 | 2006 | 2005 |
| Industrial Coatings | $3,236 | $2,921 | $349 | $284 |
| Performance and Applied Coatings | 3,088 | 2,668 | 514 | 464 |
| Optical and Specialty Materials | 1,001 | 867 | 223 | 158 |
| Commodity Chemicals | 1,483 | 1,531 | 285 | 313 |
| Glass | 2,229 | 2,214 | 148 | 123 |
industrial coatings sales increased $ 315 million or 11% ( 11 % ) in 2006 . sales increased 4% ( 4 % ) due to acquisitions , 4% ( 4 % ) due to increased volumes in the automotive , industrial and packaging coatings operating segments , 2% ( 2 % ) due to higher selling prices , particularly in the industrial and packaging coatings businesses and 1% ( 1 % ) due to the positive effects of foreign currency translation . segment income increased $ 65 million in 2006 . the increase in segment income was primarily due to the impact of increased sales volume , lower overhead and manufacturing costs , and the impact of acquisitions . segment income was reduced by the adverse impact of inflation , which was substantially offset by higher selling prices . performance and applied coatings sales increased $ 420 million or 16% ( 16 % ) in 2006 . sales increased 8% ( 8 % ) due to acquisitions , 4% ( 4 % ) due to higher selling prices in the refinish , aerospace and architectural coatings operating segments , 3% ( 3 % ) due to increased volumes in our aerospace and architectural coatings businesses and 1% ( 1 % ) due to the positive effects of foreign currency translation . segment income increased $ 50 million in 2006 . the increase in segment income was primarily due to the impact of increased sales volume and higher selling prices , which more than offset the impact of inflation . segment income was reduced by increased overhead costs to support growth in our architectural coatings business . optical and specialty materials sales increased $ 134 million or 15% ( 15 % ) in 2006 . sales increased 10% ( 10 % ) due to higher volumes , particularly in optical products and fine chemicals and 5% ( 5 % ) due to acquisitions in our optical products business . segment income increased $ 65 million in 2006 . the absence of the 2005 charge for an asset impairment in our fine chemicals business increased segment income by $ 27 million . the remaining $ 38 million increase in segment income was primarily due to increased volumes , lower manufacturing costs , and the absence of the 2005 hurricane costs of $ 3 million , net of 2006 insurance recoveries , which were only partially offset by increased overhead costs in our optical products business to support growth and the negative impact of inflation . commodity chemicals sales decreased $ 48 million or 3% ( 3 % ) in 2006 . sales decreased 4% ( 4 % ) due to lower chlor-alkali volumes and increased 1% ( 1 % ) due to higher selling prices . segment income decreased $ 28 million in 2006 . the year- over-year decline in segment income was due primarily to lower sales volumes and higher manufacturing costs associated with reduced production levels . the absence of the 2005 charges for direct costs related to hurricanes increased segment income by $ 29 million . the impact of higher selling prices ; lower inflation , primarily natural gas costs , and an insurance recovery of $ 10 million related to the 2005 hurricane losses also increased segment income in 2006 . our fourth-quarter chlor-alkali sales volumes and earnings were negatively impacted by production outages at several customers over the last two months of 2006 . it is uncertain when some of these customers will return to a normal level of production which may impact the sales and earnings of our chlor-alkali business in early 2007 . glass sales increased $ 15 million or 1% ( 1 % ) in 2006 . sales increased 1% ( 1 % ) due to improved volumes resulting from a combination of organic growth and an acquisition . a slight positive impact on sales due to foreign currency translation offset a slight decline in pricing . volumes increased in the performance glazings , automotive replacement glass and services and fiber glass businesses . automotive oem glass volume declined during 2006 . pricing was also up in performance glazings , but declined in the other glass businesses . segment income increased $ 25 million in 2006 . this increase in segment income was primarily the result of higher equity earnings from our asian fiber glass joint ventures , higher royalty income and lower manufacturing and natural gas costs , which more than offset the negative impacts of higher inflation , lower margin mix of sales and reduced selling prices . our fiber glass operating segment made progress during 2006 in achieving our multi-year plan to improve profitability and cash flow . a transformation of our supply chain , which includes production of a more focused product mix at each manufacturing plant , manufacturing cost reduction initiatives and improved equity earnings from our asian joint ventures are the primary focus and represent the critical success factors in this plan . during 2006 , our new joint venture in china started producing high labor content fiber glass reinforcement products , which will allow us to refocus our u.s . production capacity on higher margin , direct process products . the 2006 earnings improvement by our fiber glass operating segment accounted for the bulk of the 2006 improvement in the glass reportable business segment income . 20 2006 ppg annual report and form 10-k 4282_txt .
|
string
| null |
sales = 2921
percentage_change = 0.04
change = sales * percentage_change
answer = change
|
what percent of total contractual cash obligations is due to long-term debt?
|
68
|
CodeFinQA
|
) increased net cash flows from receivables from improved days sales outstanding offsetting increased sales levels ; partially offset by reduced cash flows from increases in inventories to build new product lines and support increased sales levels . cash provided by operating activities in 2003 decreased $ 8.4 million from 2002 due primarily to : ) reduced cash inflows from accounts receivable securitization ; and ) reduced cash inflows from increases in inventories partially offset by : ) higher earnings in 2003 before non-cash charges and credits ; ) decreased net cash outflows from accounts and other receivables ; and ) decreased net cash outflows from accounts payable and accrued expenses . net cash used in investing activities in 2004 consisted primarily of the acquisition of pvt and the purchase of ev3 2019s technology of $ 137.7 million , and capital expenditures of $ 42.5 million . net cash used in investing activities in 2003 consisted primarily of the acquisition of jomed , whitland and embol-x , inc . of $ 33.2 million , and capital expenditures of $ 37.9 million . net cash used in financing activities in 2004 consisted primarily of purchases of treasury stock of $ 59.1 million , partially offset by proceeds from stock plans of $ 30.5 million and net proceeds from issuance of long-term debt of $ 7.1 million . cash used in financing activities in 2003 consisted primarily of purchases of treasury stock of $ 49.4 million and net payments on debt of $ 4.0 million , partially offset by proceeds from stock plans of $ 36.6 million . a summary of all of the company 2019s contractual obligations and commercial commitments as of december 31 , 2004 were as follows ( in millions ) : .
| | Payments Due By Period |
| :--- | :--- |
| Contractual Obligations | Total | Less Than 1 Year | 1-3 Years | 4-5 Years | After 5 Years |
| Long-term debt | $267.1 | $β | $β | $β | $267.1 |
| Interest on long-term debt | 30.9 | 11.2 | 15.4 | 4.3 | β |
| Operating leases | 49.8 | 13.1 | 20.4 | 15.2 | 1.1 |
| Unconditional purchase obligations(a) | 15.1 | 7.5 | 7.6 | β | β |
| Contractual development obligations(b) | 31.9 | 4.3 | 3.6 | 4.0 | 20.0 |
| Total contractual cash obligations | $394.8 | $36.1 | $47.0 | $23.5 | $288.2 |
less than after contractual obligations total 1 year 1-3 years 4-5 years 5 years long-term debt *************************** $ 267.1 $ 2014 $ 2014 $ 2014 $ 267.1 interest on long-term debt ****************** 30.9 11.2 15.4 4.3 2014 operating leases*************************** 49.8 13.1 20.4 15.2 1.1 unconditional purchase obligations ( a ) ********* 15.1 7.5 7.6 2014 2014 contractual development obligations ( b ) ******** 31.9 4.3 3.6 4.0 20.0 total contractual cash obligations************* $ 394.8 $ 36.1 $ 47.0 $ 23.5 $ 288.2 ( a ) unconditional purchase obligations consist primarily of minimum purchase commitments of inventory . ( b ) contractual development obligations consist primarily of cash that edwards lifesciences is obligated to pay to unconsolidated affiliates upon their achievement of product development milestones . critical accounting policies and estimates the company 2019s results of operations and financial position are determined based upon the application of the company 2019s accounting policies , as discussed in the notes to the consolidated financial statements . certain of the company 2019s accounting policies represent a selection among acceptable alternatives under generally accepted .
|
string
| null |
debt_2014 = 267.1
debt_total = 394.8
percent_2014 = debt_2014 / debt_total
answer = percent_2014 * 100
|
what is the growth rate in operating expenses in 2018?
|
12
|
CodeFinQA
|
the goldman sachs group , inc . and subsidiaries management 2019s discussion and analysis 2018 versus 2017 . provision for credit losses in the consolidated statements of earnings was $ 674 million for 2018 , compared with $ 657 million for 2017 , as the higher provision for credit losses primarily related to consumer loan growth in 2018 was partially offset by an impairment of approximately $ 130 million on a secured loan in 2017 . 2017 versus 2016 . provision for credit losses in the consolidated statements of earnings was $ 657 million for 2017 , compared with $ 182 million for 2016 , reflecting an increase in impairments , which included an impairment of approximately $ 130 million on a secured loan in 2017 , and higher provision for credit losses primarily related to consumer loan growth . operating expenses our operating expenses are primarily influenced by compensation , headcount and levels of business activity . compensation and benefits includes salaries , discretionary compensation , amortization of equity awards and other items such as benefits . discretionary compensation is significantly impacted by , among other factors , the level of net revenues , overall financial performance , prevailing labor markets , business mix , the structure of our share-based compensation programs and the external environment . in addition , see 201cuse of estimates 201d for further information about expenses that may arise from litigation and regulatory proceedings . the table below presents operating expenses by line item and headcount. .
| | Year Ended December |
| :--- | :--- |
| <i>$ in millions</i> | 2018 | 2017 | 2016 |
| Compensation and benefits | $12,328 | $11,653 | $11,448 |
| Brokerage, clearing, exchange and distribution fees | 3,200 | 2,876 | 2,823 |
| Market development | 740 | 588 | 457 |
| Communications and technology | 1,023 | 897 | 809 |
| Depreciation and amortization | 1,328 | 1,152 | 998 |
| Occupancy | 809 | 733 | 788 |
| Professional fees | 1,214 | 1,165 | 1,081 |
| Other expenses | 2,819 | 1,877 | 1,900 |
| Total operating expenses | $23,461 | $20,941 | $20,304 |
| Headcount atperiod-end | 36,600 | 33,600 | 32,400 |
in the table above , the following reclassifications have been made to previously reported amounts to conform to the current presentation : 2030 regulatory-related fees that are paid to exchanges are now reported in brokerage , clearing , exchange and distribution fees . previously such amounts were reported in other expenses . 2030 headcount consists of our employees , and excludes consultants and temporary staff previously reported as part of total staff . as a result , expenses related to these consultants and temporary staff are now reported in professional fees . previously such amounts were reported in compensation and benefits expenses . 2018 versus 2017 . operating expenses in the consolidated statements of earnings were $ 23.46 billion for 2018 , 12% ( 12 % ) higher than 2017 . our efficiency ratio ( total operating expenses divided by total net revenues ) for 2018 was 64.1% ( 64.1 % ) , compared with 64.0% ( 64.0 % ) for 2017 . the increase in operating expenses compared with 2017 was primarily due to higher compensation and benefits expenses , reflecting improved operating performance , and significantly higher net provisions for litigation and regulatory proceedings . brokerage , clearing , exchange and distribution fees were also higher , reflecting an increase in activity levels , and technology expenses increased , reflecting higher expenses related to computing services . in addition , expenses related to consolidated investments and our digital lending and deposit platform increased , with the increases primarily in depreciation and amortization expenses , market development expenses and other expenses . the increase compared with 2017 also included $ 297 million related to the recently adopted revenue recognition standard . see note 3 to the consolidated financial statements for further information about asu no . 2014-09 , 201crevenue from contracts with customers ( topic 606 ) . 201d net provisions for litigation and regulatory proceedings for 2018 were $ 844 million compared with $ 188 million for 2017 . 2018 included a $ 132 million charitable contribution to goldman sachs gives , our donor-advised fund . compensation was reduced to fund this charitable contribution to goldman sachs gives . we ask our participating managing directors to make recommendations regarding potential charitable recipients for this contribution . as of december 2018 , headcount increased 9% ( 9 % ) compared with december 2017 , reflecting an increase in technology professionals and investments in new business initiatives . 2017 versus 2016 . operating expenses in the consolidated statements of earnings were $ 20.94 billion for 2017 , 3% ( 3 % ) higher than 2016 . our efficiency ratio for 2017 was 64.0% ( 64.0 % ) compared with 65.9% ( 65.9 % ) for 2016 . the increase in operating expenses compared with 2016 was primarily driven by slightly higher compensation and benefits expenses and our investments to fund growth . higher expenses related to consolidated investments and our digital lending and deposit platform were primarily included in depreciation and amortization expenses , market development expenses and other expenses . in addition , technology expenses increased , reflecting higher expenses related to cloud-based services and software depreciation , and professional fees increased , primarily related to consulting costs . these increases were partially offset by lower net provisions for litigation and regulatory proceedings , and lower occupancy expenses ( primarily related to exit costs in 2016 ) . 54 goldman sachs 2018 form 10-k .
|
string
| null |
growth_rate = (23461 - 20941) / 20941
answer = growth_rate * 100
|
what is the growth rate in operating profit for mst in 2011?
|
9.5
|
CodeFinQA
|
2011 compared to 2010 mfc 2019s net sales for 2011 increased $ 533 million , or 8% ( 8 % ) , compared to 2010 . the increase was attributable to higher volume of about $ 420 million on air and missile defense programs ( primarily pac-3 and thaad ) ; and about $ 245 million from fire control systems programs primarily related to the sof clss program , which began late in the third quarter of 2010 . partially offsetting these increases were lower net sales due to decreased volume of approximately $ 75 million primarily from various services programs and approximately $ 20 million from tactical missile programs ( primarily mlrs and jassm ) . mfc 2019s operating profit for 2011 increased $ 96 million , or 10% ( 10 % ) , compared to 2010 . the increase was attributable to higher operating profit of about $ 60 million for air and missile defense programs ( primarily pac-3 and thaad ) as a result of increased volume and retirement of risks ; and approximately $ 25 million for various services programs . adjustments not related to volume , including net profit rate adjustments described above , were approximately $ 35 million higher in 2011 compared to 2010 . backlog backlog increased in 2012 compared to 2011 mainly due to increased orders and lower sales on fire control systems programs ( primarily lantirn ae and sniper ae ) and on various services programs , partially offset by lower orders and higher sales volume on tactical missiles programs . backlog increased in 2011 compared to 2010 primarily due to increased orders on air and missile defense programs ( primarily thaad ) . trends we expect mfc 2019s net sales for 2013 will be comparable with 2012 . we expect low double digit percentage growth in air and missile defense programs , offset by an expected decline in volume on logistics services programs . operating profit and margin are expected to be comparable with 2012 results . mission systems and training our mst business segment provides surface ship and submarine combat systems ; sea and land-based missile defense systems ; radar systems ; mission systems and sensors for rotary and fixed-wing aircraft ; littoral combat ships ; simulation and training services ; unmanned technologies and platforms ; ship systems integration ; and military and commercial training systems . mst 2019s major programs include aegis , mk-41 vertical launching system ( vls ) , tpq-53 radar system , mh-60 , lcs , and ptds . mst 2019s operating results included the following ( in millions ) : .
| | 2012 | 2011 | 2010 |
| :--- | :--- | :--- | :--- |
| Net sales | $7,579 | $7,132 | $7,443 |
| Operating profit | 737 | 645 | 713 |
| Operating margins | 9.7% | 9.0% | 9.6% |
| Backlog at year-end | 10,700 | 10,500 | 10,600 |
2012 compared to 2011 mst 2019s net sales for 2012 increased $ 447 million , or 6% ( 6 % ) , compared to 2011 . the increase in net sales for 2012 was attributable to higher volume and risk retirements of approximately $ 395 million from ship and aviation system programs ( primarily ptds ; lcs ; vls ; and mh-60 ) ; about $ 115 million for training and logistics solutions programs primarily due to net sales from sim industries , which was acquired in the fourth quarter of 2011 ; and approximately $ 30 million as a result of increased volume on integrated warfare systems and sensors programs ( primarily aegis ) . partially offsetting the increases were lower net sales of approximately $ 70 million from undersea systems programs due to lower volume on an international combat system program and towed array systems ; and about $ 25 million due to lower volume on various other programs . mst 2019s operating profit for 2012 increased $ 92 million , or 14% ( 14 % ) , compared to 2011 . the increase was attributable to higher operating profit of approximately $ 175 million from ship and aviation system programs , which reflects higher volume and risk retirements on certain programs ( primarily vls ; ptds ; mh-60 ; and lcs ) and reserves of about $ 55 million for contract cost matters on ship and aviation system programs recorded in the fourth quarter of 2011 ( including the terminated presidential helicopter program ) . partially offsetting the increase was lower operating profit of approximately $ 40 million from undersea systems programs due to reduced profit booking rates on certain programs and lower volume on an international combat system program and towed array systems ; and about $ 40 million due to lower volume on various other programs . adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 150 million higher for 2012 compared to 2011. .
|
string
| null |
profit_2011 = 645
profit_2010 = 713
increase = profit_2011 - profit_2010
answer = increase / profit_2010 * 100
|
assuming a midpoint interest rate in the range , what would be the annual interest expense on interest rate swap agreements based on the notional amounts , in millions?
|
5.4000000954
|
CodeFinQA
|
.
| Contractual Obligations | 2015 | 2016 | 2017 | 2018 | 2019 | Thereafter | Total |
| :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- |
| Long-term obligations, excluding capital leases | 888,810 | 753,045 | 700,608 | 1,787,451 | 3,159,286 | 7,188,751 | 14,477,951 |
| Cash interest expense | 550,000 | 517,000 | 485,000 | 399,000 | 315,000 | 654,000 | 2,920,000 |
| Capital lease payments (including interest) | 15,589 | 14,049 | 12,905 | 12,456 | 10,760 | 173,313 | 239,072 |
| Total debt service obligations | 1,454,399 | 1,284,094 | 1,198,513 | 2,198,907 | 3,485,046 | 8,016,064 | 17,637,023 |
| Operating lease payments(11) | 574,438 | 553,864 | 538,405 | 519,034 | 502,847 | 4,214,600 | 6,903,188 |
| Other non-current liabilities(12)(13) | 11,082 | 20,480 | 5,705 | 13,911 | 4,186 | 1,860,071 | 1,915,435 |
| Total | $2,039,919 | $1,858,438 | $1,742,623 | $2,731,852 | $3,992,079 | $14,090,735 | $26,455,646 |
( 1 ) represents anticipated repayment date ; final legal maturity date is march 15 , 2043 . ( 2 ) represents anticipated repayment date ; final legal maturity date is march 15 , 2048 . ( 3 ) in connection with our acquisition of mipt on october 1 , 2013 , we assumed approximately $ 1.49 billion aggregate principal amount of secured notes , $ 250.0 million of which we repaid in august 2014 . the gtp notes have anticipated repayment dates beginning june 15 , 2016 . ( 4 ) assumed in connection with our acquisition of br towers and denominated in brl . the br towers debenture amortizes through october 2023 . the br towers credit facility amortizes through january 15 , ( 5 ) assumed by us in connection with the unison acquisition , and have anticipated repayment dates of april 15 , 2017 , april 15 , 2020 and april 15 , 2020 , respectively , and a final maturity date of april 15 , 2040 . ( 6 ) denominated in mxn . ( 7 ) denominated in zar and amortizes through march 31 , 2020 . ( 8 ) denominated in cop and amortizes through april 24 , 2021 . ( 9 ) reflects balances owed to our joint venture partners in ghana and uganda . the ghana loan is denominated in ghs and the uganda loan is denominated in usd . ( 10 ) on february 11 , 2015 , we redeemed all of the outstanding 4.625% ( 4.625 % ) notes in accordance with the terms thereof . ( 11 ) includes payments under non-cancellable initial terms , as well as payments for certain renewal periods at our option , which we expect to renew because failure to renew could result in a loss of the applicable communications sites and related revenues from tenant leases . ( 12 ) primarily represents our asset retirement obligations and excludes certain other non-current liabilities included in our consolidated balance sheet , primarily our straight-line rent liability for which cash payments are included in operating lease payments and unearned revenue that is not payable in cash . ( 13 ) excludes $ 26.6 million of liabilities for unrecognized tax positions and $ 24.9 million of accrued income tax related interest and penalties included in our consolidated balance sheet as we are uncertain as to when and if the amounts may be settled . settlement of such amounts could require the use of cash flows generated from operations . we expect the unrecognized tax benefits to change over the next 12 months if certain tax matters ultimately settle with the applicable taxing jurisdiction during this timeframe . however , based on the status of these items and the amount of uncertainty associated with the outcome and timing of audit settlements , we are currently unable to estimate the impact of the amount of such changes , if any , to previously recorded uncertain tax positions . off-balance sheet arrangements . we have no material off-balance sheet arrangements as defined in item 303 ( a ) ( 4 ) ( ii ) of sec regulation s-k . interest rate swap agreements . we have entered into interest rate swap agreements to manage our exposure to variability in interest rates on debt in colombia and south africa . all of our interest rate swap agreements have been designated as cash flow hedges and have an aggregate notional amount of $ 79.9 million , interest rates ranging from 5.74% ( 5.74 % ) to 7.83% ( 7.83 % ) and expiration dates through april 2021 . in february 2014 , we repaid the costa rica loan and subsequently terminated the associated interest rate swap agreements . additionally , in connection with entering into the colombian credit facility in october 2014 , we terminated our pre-existing interest rate .
|
string
| null |
interest_rate_1 = 5.74
interest_rate_2 = 7.83
interest_rate_avg = (interest_rate_1 + interest_rate_2) / 2
interest_rate_percent = interest_rate_avg / 100
notional = 79.9
expiration_date = 2021
notional_adjusted = notional * interest_rate_percent
answer = notional_adjusted
|
as of year ended december 31 2015 what is the value of the shares granted
|
1914482.25
|
CodeFinQA
|
the following table summarized the status of the company 2019s non-vested performance share unit awards and changes for the period indicated : weighted- average grant date performance share unit awards shares fair value .
| | Year Ended December 31, 2015 |
| :--- | :--- |
| Performance Share Unit Awards | Shares | Weighted- Average Grant Date Fair Value |
| Outstanding at January 1, | - | $- |
| Granted | 10,705 | 178.84 |
| Vested | - | - |
| Forfeited | - | - |
| Outstanding at December 31, | 10,705 | 178.84 |
19 . segment reporting the u.s . reinsurance operation writes property and casualty reinsurance and specialty lines of business , including marine , aviation , surety and accident and health ( 201ca&h 201d ) business , on both a treaty and facultative basis , through reinsurance brokers , as well as directly with ceding companies primarily within the u.s . the international operation writes non-u.s . property and casualty reinsurance through everest re 2019s branches in canada and singapore and through offices in brazil , miami and new jersey . the bermuda operation provides reinsurance and insurance to worldwide property and casualty markets through brokers and directly with ceding companies from its bermuda office and reinsurance to the united kingdom and european markets through its uk branch and ireland re . the insurance operation writes property and casualty insurance directly and through general agents , brokers and surplus lines brokers within the u.s . and canada . the mt . logan re segment represents business written for the segregated accounts of mt . logan re , which were formed on july 1 , 2013 . the mt . logan re business represents a diversified set of catastrophe exposures , diversified by risk/peril and across different geographical regions globally . these segments , with the exception of mt . logan re , are managed independently , but conform with corporate guidelines with respect to pricing , risk management , control of aggregate catastrophe exposures , capital , investments and support operations . management generally monitors and evaluates the financial performance of these operating segments based upon their underwriting results . the mt . logan re segment is managed independently and seeks to write a diverse portfolio of catastrophe risks for each segregated account to achieve desired risk and return criteria . underwriting results include earned premium less losses and loss adjustment expenses ( 201clae 201d ) incurred , commission and brokerage expenses and other underwriting expenses . we measure our underwriting results using ratios , in particular loss , commission and brokerage and other underwriting expense ratios , which , respectively , divide incurred losses , commissions and brokerage and other underwriting expenses by premiums earned . mt . logan re 2019s business is sourced through operating subsidiaries of the company ; however , the activity is only reflected in the mt . logan re segment . for other inter-affiliate reinsurance , business is generally reported within the segment in which the business was first produced , consistent with how the business is managed . except for mt . logan re , the company does not maintain separate balance sheet data for its operating segments . accordingly , the company does not review and evaluate the financial results of its operating segments based upon balance sheet data. .
|
string
| null |
shares_granted = 10705
grant_value = 178.84
value = shares_granted * grant_value
answer = value
|
what percent of the 2005 gross total property and equipment value is related to software?
|
34.2000007629
|
CodeFinQA
|
value , which may be maturity , the company does not consider these investments to be other-than-temporarily impaired as of december 31 , 2005 and 2004 . gross realized gains and losses for 2005 were $ 15000 and $ 75000 , respectively . gross realized gains and losses for 2004 were $ 628000 and $ 205000 , respectively . gross realized gains for 2003 were $ 1249000 . there were no gross realized losses for 2003 . maturities stated are effective maturities . f . restricted cash at december 31 , 2005 and 2004 , the company held $ 41482000 and $ 49847000 , respectively , in restricted cash . at december 31 , 2005 and 2004 the balance was held in deposit with certain banks predominantly to collateralize conditional stand-by letters of credit in the names of the company's landlords pursuant to certain operating lease agreements . g . property and equipment property and equipment consist of the following at december 31 ( in thousands ) : depreciation expense for the years ended december 31 , 2005 , 2004 and 2003 was $ 26307000 , $ 28353000 and $ 27988000 respectively . in 2005 and 2004 , the company wrote off certain assets that were fully depreciated and no longer utilized . there was no effect on the company's net property and equipment . additionally , the company wrote off or sold certain assets that were not fully depreciated . the net loss on disposal of those assets was $ 344000 for 2005 and $ 43000 for 2004 . h . investments in accordance with the company's policy , as outlined in note b , "accounting policies" the company assessed its investment in altus pharmaceuticals , inc . ( "altus" ) , which it accounts for using the cost method , and determined that there had not been any adjustments to the fair values of that investment which would indicate a decrease in its fair value below the carrying value that would require the company to write down the investment basis of the asset , as of december 31 , 2005 and december 31 , 2004 . the company's cost basis carrying value in its outstanding equity and warrants of altus was $ 18863000 at december 31 , 2005 and 2004. .
| | 2005 | 2004 |
| :--- | :--- | :--- |
| Furniture and equipment | $98,387 | $90,893 |
| Leasehold improvements | 66,318 | 65,294 |
| Computers | 18,971 | 18,421 |
| Software | 18,683 | 16,411 |
| Total property and equipment, gross | 202,359 | 191,019 |
| Less accumulated depreciation and amortization | 147,826 | 126,794 |
| Total property and equipment, net | $54,533 | $64,225 |
.
|
string
| null |
software_2005 = 18683
software_total = 54533
percent_software = software_2005 / software_total
answer = percent_software * 100
|
what was the percent of the counterparty credit risk for bank of america to the total credit risk exposure
|
36.2000007629
|
CodeFinQA
|
mortgage banking activities the company enters into commitments to originate loans whereby the interest rate on the loan is determined prior to funding . these commitments are referred to as interest rate lock commitments ( 201cirlcs 201d ) . irlcs on loans that the company intends to sell are considered to be derivatives and are , therefore , recorded at fair value with changes in fair value recorded in earnings . for purposes of determining fair value , the company estimates the fair value of an irlc based on the estimated fair value of the underlying mortgage loan and the probability that the mortgage loan will fund within the terms of the irlc . the fair value excludes the market value associated with the anticipated sale of servicing rights related to each loan commitment . the fair value of these irlcs was a $ 0.06 million and a $ 0.02 million liability at december 31 , 2007 and 2006 , respectively . the company also designates fair value relationships of closed loans held-for-sale against a combination of mortgage forwards and short treasury positions . short treasury relationships are economic hedges , rather than fair value or cash flow hedges . short treasury positions are marked-to-market , but do not receive hedge accounting treatment under sfas no . 133 , as amended . the mark-to-market of the mortgage forwards is included in the net change of the irlcs and the related hedging instruments . the fair value of the mark-to-market on closed loans was a $ 1.2 thousand and $ 1.7 million asset at december 31 , 2007 and 2006 , respectively . irlcs , as well as closed loans held-for-sale , expose the company to interest rate risk . the company manages this risk by selling mortgages or mortgage-backed securities on a forward basis referred to as forward sale agreements . changes in the fair value of these derivatives are included as gain ( loss ) on loans and securities , net in the consolidated statement of income ( loss ) . the net change in irlcs , closed loans , mortgage forwards and the short treasury positions generated a net loss of $ 2.4 million in 2007 , a net gain of $ 1.6 million in 2006 and a net loss of $ 0.4 million in 2005 . credit risk credit risk is managed by limiting activity to approved counterparties and setting aggregate exposure limits for each approved counterparty . the credit risk , or maximum exposure , which results from interest rate swaps and purchased interest rate options is represented by the fair value of contracts that have unrealized gains at the reporting date . conversely , we have $ 197.5 million of derivative contracts with unrealized losses at december 31 , 2007 . the company pledged approximately $ 87.4 million of its mortgage-backed securities as collateral of derivative contracts . while the company does not expect that any counterparty will fail to perform , the following table shows the maximum exposure associated with each counterparty to interest rate swaps and purchased interest rate options at december 31 , 2007 ( dollars in thousands ) : counterparty credit .
| Counterparty | Credit Risk |
| :--- | :--- |
| Bank of America | $48,161 |
| Lehman Brothers | 29,136 |
| JP Morgan | 18,878 |
| Union Bank of Switzerland | 15,562 |
| Credit Suisse First Boston | 11,047 |
| Royal Bank of Scotland | 6,164 |
| Morgan Stanley | 2,215 |
| Salomon Brothers | 1,943 |
| Total exposure | $133,106 |
.
|
string
| null |
credit_risk_bank_america = 48161
credit_risk_total = 133106
percent_credit_risk = credit_risk_bank_america / credit_risk_total
answer = percent_credit_risk * 100
|
what was the ratio of the net properties held under capital leases in 2017 to 2016\\n
|
0.8190000057
|
CodeFinQA
|
17 . leases we lease certain locomotives , freight cars , and other property . the consolidated statements of financial position as of december 31 , 2017 , and 2016 included $ 1635 million , net of $ 953 million of accumulated depreciation , and $ 1997 million , net of $ 1121 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 , 2017 , were as follows : millions operating leases capital leases .
| Millions | OperatingLeases | CapitalLeases |
| :--- | :--- | :--- |
| 2018 | $398 | $173 |
| 2019 | 359 | 156 |
| 2020 | 297 | 164 |
| 2021 | 259 | 168 |
| 2022 | 221 | 147 |
| Later years | 1,115 | 271 |
| Total minimum lease payments | $2,649 | $1,079 |
| Amount representing interest | N/A | (187) |
| Present value of minimum lease payments | N/A | $892 |
approximately 97% ( 97 % ) of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 480 million in 2017 , $ 535 million in 2016 , and $ 590 million in 2015 . 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 . to the extent possible , we have recorded a liability where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated . 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 95% ( 95 % ) of the recorded liability is related to asserted claims and approximately 5% ( 5 % ) is related to unasserted claims at december 31 , 2017 . because of the uncertainty surrounding the ultimate outcome of personal injury claims , it is reasonably possible that future costs to settle these claims may range from approximately $ 285 million to $ 310 million . we record an accrual at the low end of the range as no amount of loss within the range is more probable than any other . estimates can vary over time due to evolving trends in litigation. .
|
string
| null |
net_properties_2017 = 1635
net_properties_2016 = 1997
ratio_2017_2016 = net_properties_2017 / net_properties_2016
answer = ratio_2017_2016
|
what is the total commercial paper in billions of dollars for citigroup , cgmhi , cfi and citigroup 2019s subsidiaries at december 31 , 2008?
|
29.1000003815
|
CodeFinQA
|
sources of liquidity primary sources of liquidity for citigroup and its principal subsidiaries include : 2022 deposits ; 2022 collateralized financing transactions ; 2022 senior and subordinated debt ; 2022 commercial paper ; 2022 trust preferred and preferred securities ; and 2022 purchased/wholesale funds . citigroup 2019s funding sources are diversified across funding types and geography , a benefit of its global franchise . funding for citigroup and its major operating subsidiaries includes a geographically diverse retail and corporate deposit base of $ 774.2 billion . these deposits are diversified across products and regions , with approximately two-thirds of them outside of the u.s . this diversification provides the company with an important , stable and low-cost source of funding . a significant portion of these deposits has been , and is expected to be , long-term and stable , and are considered to be core . there are qualitative as well as quantitative assessments that determine the company 2019s calculation of core deposits . the first step in this process is a qualitative assessment of the deposits . for example , as a result of the company 2019s qualitative analysis certain deposits with wholesale funding characteristics are excluded from consideration as core . deposits that qualify under the company 2019s qualitative assessments are then subjected to quantitative analysis . excluding the impact of changes in foreign exchange rates and the sale of our retail banking operations in germany during the year ending december 31 , 2008 , the company 2019s deposit base remained stable . on a volume basis , deposit increases were noted in transaction services , u.s . retail banking and smith barney . this was partially offset by the company 2019s decision to reduce deposits considered wholesale funding , consistent with the company 2019s de-leveraging efforts , and declines in international consumer banking and the private bank . citigroup and its subsidiaries have historically had a significant presence in the global capital markets . the company 2019s capital markets funding activities have been primarily undertaken by two legal entities : ( i ) citigroup inc. , which issues long-term debt , medium-term notes , trust preferred securities , and preferred and common stock ; and ( ii ) citigroup funding inc . ( cfi ) , a first-tier subsidiary of citigroup , which issues commercial paper , medium-term notes and structured equity-linked and credit-linked notes , all of which are guaranteed by citigroup . other significant elements of long- term debt on the consolidated balance sheet include collateralized advances from the federal home loan bank system , long-term debt related to the consolidation of icg 2019s structured investment vehicles , asset-backed outstandings , and certain borrowings of foreign subsidiaries . each of citigroup 2019s major operating subsidiaries finances its operations on a basis consistent with its capitalization , regulatory structure and the environment in which it operates . particular attention is paid to those businesses that for tax , sovereign risk , or regulatory reasons cannot be freely and readily funded in the international markets . citigroup 2019s borrowings have historically been diversified by geography , investor , instrument and currency . decisions regarding the ultimate currency and interest rate profile of liquidity generated through these borrowings can be separated from the actual issuance through the use of derivative instruments . citigroup is a provider of liquidity facilities to the commercial paper programs of the two primary credit card securitization trusts with which it transacts . citigroup may also provide other types of support to the trusts . as a result of the recent economic downturn , its impact on the cashflows of the trusts , and in response to credit rating agency reviews of the trusts , the company increased the credit enhancement in the omni trust , and plans to provide additional enhancement to the master trust ( see note 23 to consolidated financial statements on page 175 for a further discussion ) . this support preserves investor sponsorship of our card securitization franchise , an important source of liquidity . banking subsidiaries there are various legal limitations on the ability of citigroup 2019s subsidiary depository institutions to extend credit , pay dividends or otherwise supply funds to citigroup and its non-bank subsidiaries . the approval of the office of the comptroller of the currency , in the case of national banks , or the office of thrift supervision , in the case of federal savings banks , is required if total dividends declared in any calendar year exceed amounts specified by the applicable agency 2019s regulations . state-chartered depository institutions are subject to dividend limitations imposed by applicable state law . in determining the declaration of dividends , each depository institution must also consider its effect on applicable risk-based capital and leverage ratio requirements , as well as policy statements of the federal regulatory agencies that indicate that banking organizations should generally pay dividends out of current operating earnings . non-banking subsidiaries citigroup also receives dividends from its non-bank subsidiaries . these non-bank subsidiaries are generally not subject to regulatory restrictions on dividends . however , as discussed in 201ccapital resources and liquidity 201d on page 94 , the ability of cgmhi to declare dividends can be restricted by capital considerations of its broker-dealer subsidiaries . cgmhi 2019s consolidated balance sheet is liquid , with the vast majority of its assets consisting of marketable securities and collateralized short-term financing agreements arising from securities transactions . cgmhi monitors and evaluates the adequacy of its capital and borrowing base on a daily basis to maintain liquidity and to ensure that its capital base supports the regulatory capital requirements of its subsidiaries . some of citigroup 2019s non-bank subsidiaries , including cgmhi , have credit facilities with citigroup 2019s subsidiary depository institutions , including citibank , n.a . borrowings under these facilities must be secured in accordance with section 23a of the federal reserve act . there are various legal restrictions on the extent to which a bank holding company and certain of its non-bank subsidiaries can borrow or obtain credit from citigroup 2019s subsidiary depository institutions or engage in certain other transactions with them . in general , these restrictions require that transactions be on arm 2019s length terms and be secured by designated amounts of specified collateral . see note 20 to the consolidated financial statements on page 169 . at december 31 , 2008 , long-term debt and commercial paper outstanding for citigroup , cgmhi , cfi and citigroup 2019s subsidiaries were as follows : in billions of dollars citigroup parent company cgmhi ( 2 ) citigroup funding inc . ( 2 ) citigroup subsidiaries long-term debt $ 192.3 $ 20.6 $ 37.4 $ 109.3 ( 1 ) .
| <i>In billions of dollars</i> | Citigroup parent company | CGMHI<sup>(2)</sup> | Citigroup Funding Inc.<sup>(2)</sup> | Other Citigroup subsidiaries | |
| :--- | :--- | :--- | :--- | :--- | :--- |
| Long-term debt | $192.3 | $20.6 | $37.4 | $109.3 | <sup></sup><sup>(1)</sup> |
| Commercial paper | $β | $β | $28.6 | $0.5 | |
( 1 ) at december 31 , 2008 , approximately $ 67.4 billion relates to collateralized advances from the federal home loan bank . ( 2 ) citigroup inc . guarantees all of cfi 2019s debt and cgmhi 2019s publicly issued securities. .
|
string
| null |
commercial_paper = 28.6 + 0.5
answer = commercial_paper
|
what is the yearly amortization expense related to trademark , ( in thousands ) ?
|
44.7999992371
|
CodeFinQA
|
notes to consolidated financial statements 2014 ( continued ) owns the remaining 44% ( 44 % ) . we purchased our share of gpap philippines for $ 10.9 million . the purpose of this acquisition was to expand our presence in the asia-pacific market . this business acquisition was not significant to our consolidated financial statements and accordingly , we have not provided pro forma information relating to this acquisition . the following table summarizes the preliminary purchase price allocation ( in thousands ) : .
| Goodwill | $6,286 |
| :--- | :--- |
| Customer-related intangible assets | 3,248 |
| Contract-based intangible assets | 952 |
| Trademark | 224 |
| Property and equipment | 300 |
| Total assets acquired | 11,010 |
| Minority interest in equity of subsidiary (at historical cost) | (132) |
| Net assets acquired | $10,878 |
all of the goodwill associated with the acquisition is non-deductible for tax purposes . the customer-related intangible assets have amortization periods of 11 years . the contract-based intangible assets have amortization periods of 7 years . the trademark has an amortization period of 5 years . money transfer branch locations during 2009 , we completed the second and final series of money transfer branch location acquisitions in the united states as part of an assignment and asset purchase agreement with a privately held company . the purpose of this acquisition was to increase the market presence of our dolex-branded money transfer offering . the purchase price of these acquisitions was $ 787 thousand with $ 739 thousand allocated to goodwill and $ 48 thousand allocated to intangibles . pursuant to our annual impairment test in fiscal 2009 , goodwill and other intangibles related to our money transfer business were deemed impaired . please see note 3 2014impairment charges for further information . this business acquisition was not significant to our consolidated financial statements and accordingly , we have not provided pro forma information relating to this acquisition . fiscal 2008 discover during the year ended may 31 , 2008 , we acquired a portfolio of merchants that process discover transactions and the rights to process discover transactions for our existing and new merchants for $ 6.0 million . the purchase of the portfolio was structured to occur in tranches . during fiscal 2009 , additional tranches were purchased for $ 1.4 million . as a result of this acquisition , we now process discover transactions similarly to how we currently process visa and mastercard transactions . the purpose of this acquisition was to offer merchants a single point of contact for discover , visa and mastercard card processing . the operating results of the acquired portfolio have been included in our consolidated financial statements from the dates of acquisition . the customer-related intangible assets have amortization periods of 10 years . these business acquisitions were not significant to our consolidated financial statements and accordingly , we have not provided pro forma information relating to these acquisitions. .
|
string
| null |
trademark_amortization = 224
trademark_amortization_period = 5
answer = trademark_amortization / trademark_amortization_period
|
what was the percentage change in rental expense between 2002 and 2003?
|
102
|
CodeFinQA
|
hologic , inc . notes to consolidated financial statements 2014 ( continued ) ( in thousands , except per share data ) future minimum lease payments under all the company 2019s operating leases are approximately as follows: .
| Fiscal Years Ending | Amount |
| :--- | :--- |
| September 24, 2005 | $4,848 |
| September 30, 2006 | 4,672 |
| September 29, 2007 | 3,680 |
| September 27, 2008 | 3,237 |
| September 26, 2009 | 3,158 |
| Thereafter | 40,764 |
| Total (not reduced by minimum sublease rentals of $165) | $60,359 |
the company subleases a portion of its bedford facility and has received rental income of $ 277 , $ 410 and $ 682 for fiscal years 2004 , 2003 and 2002 , respectively , which has been recorded as an offset to rent expense in the accompanying statements of income . rental expense , net of sublease income , was approximately $ 4660 , $ 4963 , and $ 2462 for fiscal 2004 , 2003 and 2002 , respectively . 9 . business segments and geographic information the company reports segment information in accordance with sfas no . 131 , disclosures about segments of an enterprise and related information . operating segments are identified as components of an enterprise about which separate , discrete financial information is available for evaluation by the chief operating decision maker , or decision-making group , in making decisions how to allocate resources and assess performance . the company 2019s chief decision-maker , as defined under sfas no . 131 , is the chief executive officer . to date , the company has viewed its operations and manages its business as four principal operating segments : the manufacture and sale of mammography products , osteoporosis assessment products , digital detectors and other products . as a result of the company 2019s implementation of a company wide integrated software application in fiscal 2003 , identifiable assets for the four principal operating segments only consist of inventories , intangible assets , and property and equipment . the company has presented all other assets as corporate assets . prior periods have been restated to conform to this presentation . intersegment sales and transfers are not significant. .
|
string
| null |
rental_expense_2003 = 4963
rental_expense_2002 = 2462
change = rental_expense_2003 - rental_expense_2002
percent_change = change / rental_expense_2002
answer = percent_change * 100
|
what was the average operating margins for is&gs from 2013 to 2015?
|
8.5
|
CodeFinQA
|
backlog backlog increased in 2015 compared to 2014 primarily due to higher orders on f-35 and c-130 programs . backlog decreased slightly in 2014 compared to 2013 primarily due to lower orders on f-16 and f-22 programs . trends we expect aeronautics 2019 2016 net sales to increase in the mid-single digit percentage range as compared to 2015 due to increased volume on the f-35 and c-130 programs , partially offset by decreased volume on the f-16 program . operating profit is also expected to increase in the low single-digit percentage range , driven by increased volume on the f-35 program offset by contract mix that results in a slight decrease in operating margins between years . information systems & global solutions our is&gs business segment provides advanced technology systems and expertise , integrated information technology solutions and management services across a broad spectrum of applications for civil , defense , intelligence and other government customers . is&gs 2019 technical services business provides a comprehensive portfolio of technical and sustainment services . is&gs has a portfolio of many smaller contracts as compared to our other business segments . is&gs has been impacted by the continued downturn in certain federal agencies 2019 information technology budgets and increased re-competition on existing contracts coupled with the fragmentation of large contracts into multiple smaller contracts that are awarded primarily on the basis of price . is&gs 2019 operating results included the following ( in millions ) : .
| | 2015 | 2014 | 2013 |
| :--- | :--- | :--- | :--- |
| Net sales | $5,596 | $5,654 | $6,115 |
| Operating profit | 508 | 472 | 498 |
| Operating margins | 9.1% | 8.3% | 8.1% |
| Backlog at year-end | $4,800 | $6,000 | $6,300 |
2015 compared to 2014 is&gs 2019 net sales decreased $ 58 million , or 1% ( 1 % ) , in 2015 as compared to 2014 . the decrease was attributable to lower net sales of approximately $ 395 million as a result of key program completions , lower customer funding levels and increased competition , coupled with the fragmentation of existing large contracts into multiple smaller contracts that are awarded primarily on the basis of price when re-competed ( including cms-citic ) . these decreases were partially offset by higher net sales of approximately $ 230 million for businesses acquired in 2014 ; and approximately $ 110 million due to the start-up of new programs and growth in recently awarded programs . is&gs 2019 operating profit increased $ 36 million , or 8% ( 8 % ) , in 2015 as compared to 2014 . the increase was attributable to improved program performance and risk retirements , offset by decreased operating profit resulting from the activities mentioned above for net sales . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 70 million higher in 2015 compared to 2014 . 2014 compared to 2013 is&gs 2019 net sales decreased $ 461 million , or 8% ( 8 % ) , in 2014 as compared to 2013 . the decrease was primarily attributable to lower net sales of about $ 475 million due to the wind-down or completion of certain programs , driven by reductions in direct warfighter support ( including jieddo ) ; and approximately $ 320 million due to decreased volume in technical services programs reflecting market pressures . the decreases were offset by higher net sales of about $ 330 million due to the start-up of new programs , growth in recently awarded programs and integration of recently acquired companies . is&gs 2019 operating profit decreased $ 26 million , or 5% ( 5 % ) , in 2014 as compared to 2013 . the decrease was primarily attributable to the activities mentioned above for sales , partially offset by severance recoveries related to the restructuring announced in november 2013 of approximately $ 20 million in 2014 . adjustments not related to volume , including net profit booking rate adjustments , were comparable in 2014 and 2013. .
|
string
| null |
table_row = [9.1, 8.3, 8.1] # row labeled operating margins
average_operating_margins = sum(table_row)/len(table_row)
answer = average_operating_margins
|
what is the total value of securities approved by security holders , ( in millions ) ?
|
61.6500015259
|
CodeFinQA
|
item 11 2014executive compensation we incorporate by reference in this item 11 the information relating to executive and director compensation contained under the headings 201cother information about the board and its committees , 201d 201ccompensation and other benefits 201d and 201creport of the compensation committee 201d from our proxy statement to be delivered in connection with our 2013 annual meeting of shareholders to be held on november 20 , 2013 . item 12 2014security ownership of certain beneficial owners and management and related stockholder matters we incorporate by reference in this item 12 the information relating to ownership of our common stock by certain persons contained under the headings 201ccommon stock ownership of management 201d and 201ccommon stock ownership by certain other persons 201d from our proxy statement to be delivered in connection with our 2013 annual meeting of shareholders to be held on november 20 , 2013 . the following table provides certain information as of may 31 , 2013 concerning the shares of the company 2019s common stock that may be issued under existing equity compensation plans . for more information on these plans , see note 11 to notes to consolidated financial statements . plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted- average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders : 1765510 $ 34.92 7927210 ( 1 ) equity compensation plans not approved by security holders : 2014 2014 2014 .
| Plan category | Number of securities to be issued upon exercise of outstanding options, warrants and rights(a) | Weighted-average exerciseprice of outstanding options, warrants and rights(b) | Number of securitiesremaining available forfuture issuance under equity compensation plans (excluding securities reflected in column (a))(c) | |
| :--- | :--- | :--- | :--- | :--- |
| Equity compensation plans approved by security holders: | 1,765,510 | $34.92 | 7,927,210 | (1) |
| Equity compensation plans not approved by security holders: | β | β | β | |
| Total | 1,765,510 | $34.92 | 7,927,210 | (1) |
( 1 ) also includes shares of common stock available for issuance other than upon the exercise of an option , warrant or right under the global payments inc . 2000 long-term incentive plan , as amended and restated , the global payments inc . amended and restated 2005 incentive plan , amended and restated 2000 non- employee director stock option plan , global payments employee stock purchase plan and the global payments inc . 2011 incentive plan . item 13 2014certain relationships and related transactions , and director independence we incorporate by reference in this item 13 the information regarding certain relationships and related transactions between us and some of our affiliates and the independence of our board of directors contained under the headings 201ccertain relationships and related transactions 201d and 201cother information about the board and its committees 201d from our proxy statement to be delivered in connection with our 2013 annual meeting of shareholders to be held on november 20 , 2013 . item 14 2014principal accounting fees and services we incorporate by reference in this item 14 the information regarding principal accounting fees and services contained under the section ratification of the reappointment of auditors from our proxy statement to be delivered in connection with our 2013 annual meeting of shareholders to be held on november 20 , 2013. .
|
string
| null |
shares_approved = 1765510
price = 34.92
value = shares_approved * price / 1000000
answer = value
|
what was the market capitalization on february 222007
|
1.6959131648e+10
|
CodeFinQA
|
part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the following table presents reported quarterly high and low per share sale prices of our class a common stock on the new york stock exchange ( nyse ) for the years 2006 and 2005. .
| 2006 | High | Low |
| :--- | :--- | :--- |
| Quarter ended March 31 | $32.68 | $26.66 |
| Quarter ended June 30 | 35.75 | 27.35 |
| Quarter ended September 30 | 36.92 | 29.98 |
| Quarter ended December 31 | 38.74 | 35.21 |
| 2005 | High | Low |
| Quarter ended March 31 | $19.28 | $17.30 |
| Quarter ended June 30 | 21.16 | 16.28 |
| Quarter ended September 30 | 25.20 | 20.70 |
| Quarter ended December 31 | 28.33 | 22.73 |
on february 22 , 2007 , the closing price of our class a common stock was $ 40.38 per share as reported on the nyse . as of february 22 , 2007 , we had 419988395 outstanding shares of class a common stock and 623 registered holders . in february 2004 , all outstanding shares of our class b common stock were converted into shares of our class a common stock on a one-for-one basis pursuant to the occurrence of the 201cdodge conversion event 201d as defined in our charter . also in february 2004 , all outstanding shares of class c common stock were converted into shares of class a common stock on a one-for-one basis . in august 2005 , we amended and restated our charter to , among other things , eliminate our class b common stock and class c common stock . dividends we have never paid a dividend on any class of our common stock . we anticipate that we may retain future earnings , if any , to fund the development and growth of our business . the indentures governing our 7.50% ( 7.50 % ) senior notes due 2012 ( 7.50% ( 7.50 % ) notes ) and our 7.125% ( 7.125 % ) senior notes due 2012 ( 7.125% ( 7.125 % ) notes ) may prohibit us from paying dividends to our stockholders unless we satisfy certain financial covenants . our credit facilities and the indentures governing the terms of our debt securities contain covenants that may restrict the ability of our subsidiaries from making to us any direct or indirect distribution , dividend or other payment on account of their limited liability company interests , partnership interests , capital stock or other equity interests . under our credit facilities , the borrower subsidiaries may pay cash dividends or make other distributions to us in accordance with the applicable credit facility only if no default exists or would be created thereby . the indenture governing the terms of the ati 7.25% ( 7.25 % ) notes prohibit ati and certain of our other subsidiaries that have guaranteed those notes ( sister guarantors ) from paying dividends and making other payments or distributions to us unless certain financial covenants are satisfied . the indentures governing the terms of our 7.50% ( 7.50 % ) notes and 7.125% ( 7.125 % ) notes also contain certain restrictive covenants , which prohibit the restricted subsidiaries under these indentures from paying dividends and making other payments or distributions to us unless certain financial covenants are satisfied . for more information about the restrictions under our credit facilities and our notes indentures , see item 7 of this annual report under the caption 201cmanagement 2019s discussion and analysis of financial condition and results of operations 2014liquidity and capital resources 2014factors affecting sources of liquidity 201d and note 7 to our consolidated financial statements included in this annual report. .
|
string
| null |
shares_outstanding = 419988395
price = 40.38
market_cap = shares_outstanding * price
answer = market_cap
|
what is the percent change in target date/risk from december 31 , 2015 to december 31 , 2016?
|
18.8999996185
|
CodeFinQA
|
long-term product offerings include active and index strategies . our active strategies seek to earn attractive returns in excess of a market benchmark or performance hurdle while maintaining an appropriate risk profile . we offer two types of active strategies : those that rely primarily on fundamental research and those that utilize primarily quantitative models to drive portfolio construction . in contrast , index strategies seek to closely track the returns of a corresponding index , generally by investing in substantially the same underlying securities within the index or in a subset of those securities selected to approximate a similar risk and return profile of the index . index strategies include both our non-etf index products and ishares etfs . although many clients use both active and index strategies , the application of these strategies may differ . for example , clients may use index products to gain exposure to a market or asset class , or may use a combination of index strategies to target active returns . in addition , institutional non-etf index assignments tend to be very large ( multi-billion dollars ) and typically reflect low fee rates . this has the potential to exaggerate the significance of net flows in institutional index products on blackrock 2019s revenues and earnings . equity year-end 2016 equity aum totaled $ 2.657 trillion , reflecting net inflows of $ 51.4 billion . net inflows included $ 74.9 billion into ishares , driven by net inflows into the core ranges and broad developed and emerging market equities . ishares net inflows were partially offset by active and non-etf index net outflows of $ 20.2 billion and $ 3.3 billion , respectively . blackrock 2019s effective fee rates fluctuate due to changes in aum mix . approximately half of blackrock 2019s equity aum is tied to international markets , including emerging markets , which tend to have higher fee rates than u.s . equity strategies . accordingly , fluctuations in international equity markets , which may not consistently move in tandem with u.s . markets , have a greater impact on blackrock 2019s effective equity fee rates and revenues . fixed income fixed income aum ended 2016 at $ 1.572 trillion , reflecting net inflows of $ 120.0 billion . in 2016 , active net inflows of $ 16.6 billion were diversified across fixed income offerings , and included strong inflows from insurance clients . fixed income ishares net inflows of $ 59.9 billion were led by flows into the core ranges , emerging market , high yield and corporate bond funds . non-etf index net inflows of $ 43.4 billion were driven by demand for liability-driven investment solutions . multi-asset blackrock 2019s multi-asset team manages a variety of balanced funds and bespoke mandates for a diversified client base that leverages our broad investment expertise in global equities , bonds , currencies and commodities , and our extensive risk management capabilities . investment solutions might include a combination of long-only portfolios and alternative investments as well as tactical asset allocation overlays . component changes in multi-asset aum for 2016 are presented below . ( in millions ) december 31 , net inflows ( outflows ) market change impact december 31 .
| (in millions) | December 31,2015 | Net inflows (outflows) | Marketchange | FX impact | December 31,2016 |
| :--- | :--- | :--- | :--- | :--- | :--- |
| Asset allocation and balanced | $185,836 | $(10,332) | $6,705 | $(5,534) | $176,675 |
| Target date/risk | 125,664 | 13,500 | 10,189 | 79 | 149,432 |
| Fiduciary | 64,433 | 998 | 5,585 | (2,621) | 68,395 |
| FutureAdvisor<sup>(1)</sup> | 403 | 61 | 41 | β | 505 |
| Total | $376,336 | $4,227 | $22,520 | $(8,076) | $395,007 |
( 1 ) the futureadvisor amount does not include aum that was held in ishares holdings . multi-asset net inflows reflected ongoing institutional demand for our solutions-based advice with $ 13.2 billion of net inflows coming from institutional clients . defined contribution plans of institutional clients remained a significant driver of flows , and contributed $ 11.3 billion to institutional multi-asset net inflows in 2016 , primarily into target date and target risk product offerings . retail net outflows of $ 9.4 billion were primarily due to outflows from world allocation strategies . the company 2019s multi-asset strategies include the following : 2022 asset allocation and balanced products represented 45% ( 45 % ) of multi-asset aum at year-end . 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 . flagship products in this category include our global allocation and multi-asset income fund families . 2022 target date and target risk products grew 11% ( 11 % ) organically in 2016 , with net inflows of $ 13.5 billion . institutional investors represented 94% ( 94 % ) of target date and target risk aum , with defined contribution plans accounting for 88% ( 88 % ) of aum . flows were driven by defined contribution investments in our lifepath and lifepath retirement income ae offerings . lifepath 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 are complex mandates in which pension plan sponsors or endowments and foundations 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. .
|
string
| null |
target_date_2016 = 149432
target_date_2015 = 125664
percent_change = (target_date_2016 - target_date_2015) / target_date_2015
answer = percent_change * 100
|
in 2011 what was the percent of the entergy arkansas property and other generation resources generating capacity that was from coal
|
25.2999992371
|
CodeFinQA
|
part i item 1 entergy corporation , utility operating companies , and system energy entergy new orleans provides electric and gas service in the city of new orleans pursuant to indeterminate permits set forth in city ordinances ( except electric service in algiers , which is provided by entergy louisiana ) . these ordinances contain a continuing option for the city of new orleans to purchase entergy new orleans 2019s electric and gas utility properties . entergy texas holds a certificate of convenience and necessity from the puct to provide electric service to areas within approximately 27 counties in eastern texas , and holds non-exclusive franchises to provide electric service in approximately 68 incorporated municipalities . entergy texas was typically granted 50-year franchises , but recently has been receiving 25-year franchises . entergy texas 2019s electric franchises expire during 2013-2058 . the business of system energy is limited to wholesale power sales . it has no distribution franchises . property and other generation resources generating stations the total capability of the generating stations owned and leased by the utility operating companies and system energy as of december 31 , 2011 , is indicated below: .
| | Owned and Leased Capability MW(1) |
| :--- | :--- |
| Company | Total | Gas/Oil | Nuclear | Coal | Hydro |
| Entergy Arkansas | 4,774 | 1,668 | 1,823 | 1,209 | 74 |
| Entergy Gulf States Louisiana | 3,317 | 1,980 | 974 | 363 | - |
| Entergy Louisiana | 5,424 | 4,265 | 1,159 | - | - |
| Entergy Mississippi | 3,229 | 2,809 | - | 420 | - |
| Entergy New Orleans | 764 | 764 | - | - | - |
| Entergy Texas | 2,538 | 2,269 | - | 269 | - |
| System Energy | 1,071 | - | 1,071 | - | - |
| Total | 21,117 | 13,755 | 5,027 | 2,261 | 74 |
( 1 ) 201cowned and leased capability 201d is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel ( assuming no curtailments ) that each station was designed to utilize . the entergy system's load and capacity projections are reviewed periodically to assess the need and timing for additional generating capacity and interconnections . these reviews consider existing and projected demand , the availability and price of power , the location of new load , and the economy . summer peak load in the entergy system service territory has averaged 21246 mw from 2002-2011 . in the 2002 time period , the entergy system's long-term capacity resources , allowing for an adequate reserve margin , were approximately 3000 mw less than the total capacity required for peak period demands . in this time period the entergy system met its capacity shortages almost entirely through short-term power purchases in the wholesale spot market . in the fall of 2002 , the entergy system began a program to add new resources to its existing generation portfolio and began a process of issuing requests for proposals ( rfp ) to procure supply-side resources from sources other than the spot market to meet the unique regional needs of the utility operating companies . the entergy system has adopted a long-term resource strategy that calls for the bulk of capacity needs to be met through long-term resources , whether owned or contracted . entergy refers to this strategy as the "portfolio transformation strategy" . over the past nine years , portfolio transformation has resulted in the addition of about 4500 mw of new long-term resources . these figures do not include transactions currently pending as a result of the summer 2009 rfp . when the summer 2009 rfp transactions are included in the entergy system portfolio of long-term resources and adjusting for unit deactivations of older generation , the entergy system is approximately 500 mw short of its projected 2012 peak load plus reserve margin . this remaining need is expected to be met through a nuclear uprate at grand gulf and limited-term resources . the entergy system will continue to access the spot power market to economically .
|
string
| null |
percent_coal = 1209
percent_total = 4774
percent_coal_gas_oil = percent_coal / percent_total
answer = percent_coal_gas_oil * 100
|
what is the growth rate in the fair value of forward exchange contracts asset from 2009 to 2010?
|
13.3000001907
|
CodeFinQA
|
the following table illustrates the effect that a 10% ( 10 % ) unfavorable or favorable movement in foreign currency exchange rates , relative to the u.s . dollar , would have on the fair value of our forward exchange contracts as of october 30 , 2010 and october 31 , 2009: .
| | October 30, 2010 | October 31, 2009 |
| :--- | :--- | :--- |
| Fair value of forward exchange contracts asset | $7,256 | $8,367 |
| Fair value of forward exchange contracts after a 10% unfavorable movement in foreign currency exchange rates asset | $22,062 | $20,132 |
| Fair value of forward exchange contracts after a 10% favorable movement in foreign currency exchange rates liability | $(7,396) | $(6,781) |
fair value of forward exchange contracts after a 10% ( 10 % ) unfavorable movement in foreign currency exchange rates asset . . . . . . . . . . . . . . . . . $ 22062 $ 20132 fair value of forward exchange contracts after a 10% ( 10 % ) favorable movement in foreign currency exchange rates liability . . . . . . . . . . . . . . . . . . . . . . . $ ( 7396 ) $ ( 6781 ) the calculation assumes that each exchange rate would change in the same direction relative to the u.s . dollar . in addition to the direct effects of changes in exchange rates , such changes typically affect the volume of sales or the foreign currency sales price as competitors 2019 products become more or less attractive . our sensitivity analysis of the effects of changes in foreign currency exchange rates does not factor in a potential change in sales levels or local currency selling prices. .
|
string
| null |
fair_value_of_forward_exchange_contracts_asset_2010 = 7256
fair_value_of_forward_exchange_contracts_asset_2009 = 8367
fair_value_of_forward_exchange_contracts_liability_2010 = fair_value_of_forward_exchange_contracts_asset_2010 * 1.1
fair_value_of_forward_exchange_contracts_liability_2009 = fair_value_of_forward_exchange_contracts_asset_2009 * 1.1
answer = (fair_value_of_forward_exchange_contracts_liability_2010 - fair_value_of_forward_exchange_contracts_liability_2009) / fair_value_of_forward_exchange_contracts_liability_2009 * 100
|
based on the belief and expectations of the jpmorgan chase expectations what was the ratio of the jpmorgan chase to the s&p financial index performance at december 312008
|
1.9600000381
|
CodeFinQA
|
management 2019s discussion and analysis jpmorgan chase & co . / 2008 annual report 39 five-year stock performance the following table and graph compare the five-year cumulative total return for jpmorgan chase & co . ( 201cjpmorgan chase 201d or the 201cfirm 201d ) common stock with the cumulative return of the s&p 500 stock index and the s&p financial index . the s&p 500 index is a commonly referenced u.s . equity benchmark consisting of leading companies from different economic sectors . the s&p financial index is an index of 81 financial companies , all of which are within the s&p 500 . the firm is a component of both industry indices . the following table and graph assumes simultaneous investments of $ 100 on december 31 , 2003 , in jpmorgan chase common stock and in each of the above s&p indices . the comparison assumes that all dividends are reinvested . this section of the jpmorgan chase 2019s annual report for the year ended december 31 , 2008 ( 201cannual report 201d ) provides manage- ment 2019s discussion and analysis of the financial condition and results of operations ( 201cmd&a 201d ) of jpmorgan chase . see the glossary of terms on pages 230 2013233 for definitions of terms used throughout this annual report . the md&a included in this annual report con- tains statements that are forward-looking within the meaning of the private securities litigation reform act of 1995 . such statements are based upon the current beliefs and expectations of jpmorgan december 31 .
| (in dollars) | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 |
| :--- | :--- | :--- | :--- | :--- | :--- | :--- |
| JPMorgan Chase | $100.00 | $109.92 | $116.02 | $145.36 | $134.91 | $100.54 |
| S&P Financial Index | 100.00 | 110.89 | 118.07 | 140.73 | 114.51 | 51.17 |
| S&P500 | 100.00 | 110.88 | 116.33 | 134.70 | 142.10 | 89.53 |
december 31 , ( in dollars ) 2003 2004 2005 2006 2007 2008 s&p financial s&p 500jpmorgan chase chase 2019s management and are subject to significant risks and uncer- tainties . these risks and uncertainties could cause jpmorgan chase 2019s results to differ materially from those set forth in such forward-look- ing statements . certain of such risks and uncertainties are described herein ( see forward-looking statements on page 127 of this annual report ) and in the jpmorgan chase annual report on form 10-k for the year ended december 31 , 2008 ( 201c2008 form 10-k 201d ) , in part i , item 1a : risk factors , to which reference is hereby made . introduction jpmorgan chase & co. , a financial holding company incorporated under delaware law in 1968 , is a leading global financial services firm and one of the largest banking institutions in the united states of america ( 201cu.s . 201d ) , with $ 2.2 trillion in assets , $ 166.9 billion in stockholders 2019 equity and operations in more than 60 countries as of december 31 , 2008 . the firm is a leader in investment banking , financial services for consumers and businesses , financial transaction processing and asset management . under the j.p . morgan and chase brands , the firm serves millions of customers in the u.s . and many of the world 2019s most prominent corporate , institutional and government clients . jpmorgan chase 2019s principal bank subsidiaries are jpmorgan chase bank , national association ( 201cjpmorgan chase bank , n.a . 201d ) , a nation- al banking association with branches in 23 states in the u.s. ; and chase bank usa , national association ( 201cchase bank usa , n.a . 201d ) , a national bank that is the firm 2019s credit card issuing bank . jpmorgan chase 2019s principal nonbank subsidiary is j.p . morgan securities inc. , the firm 2019s u.s . investment banking firm . jpmorgan chase 2019s activities are organized , for management reporting purposes , into six business segments , as well as corporate/private equity . the firm 2019s wholesale businesses comprise the investment bank , commercial banking , treasury & securities services and asset management segments . the firm 2019s consumer businesses comprise the retail financial services and card services segments . a description of the firm 2019s business segments , and the products and services they pro- vide to their respective client bases , follows . investment bank j.p . morgan is one of the world 2019s leading investment banks , with deep client relationships and broad product capabilities . the investment bank 2019s clients are corporations , financial institutions , governments and institutional investors . the firm offers a full range of investment banking products and services in all major capital markets , including advising on corporate strategy and structure , cap- ital raising in equity and debt markets , sophisticated risk manage- ment , market-making in cash securities and derivative instruments , prime brokerage and research . the investment bank ( 201cib 201d ) also selectively commits the firm 2019s own capital to principal investing and trading activities . retail financial services retail financial services ( 201crfs 201d ) , which includes the retail banking and consumer lending reporting segments , serves consumers and businesses through personal service at bank branches and through atms , online banking and telephone banking as well as through auto dealerships and school financial aid offices . customers can use more than 5400 bank branches ( third-largest nationally ) and 14500 atms ( second-largest nationally ) as well as online and mobile bank- ing around the clock . more than 21400 branch salespeople assist .
|
string
| null |
jpmorgan_chase_to_s_p_500 = 100.54 / 51.17
answer = jpmorgan_chase_to_s_p_500
|
what was the change in fair value residential mortgage servicing rights dollars in millions between 2020 and 2011?
|
386
|
CodeFinQA
|
interest-earning assets including unearned income in the accretion of fair value adjustments on discounts recognized on acquired or purchased loans is recognized based on the constant effective yield of the financial instrument . the timing and amount of revenue that we recognize in any period is dependent on estimates , judgments , assumptions , and interpretation of contractual terms . changes in these factors can have a significant impact on revenue recognized in any period due to changes in products , market conditions or industry norms . residential and commercial mortgage servicing rights we elect to measure our residential mortgage servicing rights ( msrs ) at fair value . this election was made to be consistent with our risk management strategy to hedge changes in the fair value of these assets as described below . the fair value of residential msrs is estimated by using a cash flow valuation model which calculates the present value of estimated future net servicing cash flows , taking into consideration actual and expected mortgage loan prepayment rates , discount rates , servicing costs , and other economic factors which are determined based on current market conditions . assumptions incorporated into the residential msrs valuation model reflect management 2019s best estimate of factors that a market participant would use in valuing the residential msrs . although sales of residential msrs do occur , residential msrs do not trade in an active market with readily observable prices so the precise terms and conditions of sales are not available . as a benchmark for the reasonableness of its residential msrs fair value , pnc obtains opinions of value from independent parties ( 201cbrokers 201d ) . these brokers provided a range ( +/- 10 bps ) based upon their own discounted cash flow calculations of our portfolio that reflected conditions in the secondary market , and any recently executed servicing transactions . pnc compares its internally-developed residential msrs value to the ranges of values received from the brokers . if our residential msrs fair value falls outside of the brokers 2019 ranges , management will assess whether a valuation adjustment is warranted . for 2011 and 2010 , pnc 2019s residential msrs value has not fallen outside of the brokers 2019 ranges . we consider our residential msrs value to represent a reasonable estimate of fair value . commercial msrs are purchased or originated when loans are sold with servicing retained . commercial msrs do not trade in an active market with readily observable prices so the precise terms and conditions of sales are not available . commercial msrs are initially recorded at fair value and are subsequently accounted for at the lower of amortized cost or fair value . commercial msrs are periodically evaluated for impairment . for purposes of impairment , the commercial mortgage servicing rights are stratified based on asset type , which characterizes the predominant risk of the underlying financial asset . the fair value of commercial msrs is estimated by using an internal valuation model . the model calculates the present value of estimated future net servicing cash flows considering estimates of servicing revenue and costs , discount rates and prepayment speeds . pnc employs risk management strategies designed to protect the value of msrs from changes in interest rates and related market factors . residential msrs values are economically hedged with securities and derivatives , including interest-rate swaps , options , and forward mortgage-backed and futures contracts . as interest rates change , these financial instruments are expected to have changes in fair value negatively correlated to the change in fair value of the hedged residential msrs portfolio . the hedge relationships are actively managed in response to changing market conditions over the life of the residential msrs assets . commercial msrs are economically hedged at a macro level or with specific derivatives to protect against a significant decline in interest rates . selecting appropriate financial instruments to economically hedge residential or commercial msrs requires significant management judgment to assess how mortgage rates and prepayment speeds could affect the future values of msrs . hedging results can frequently be less predictable in the short term , but over longer periods of time are expected to protect the economic value of the msrs . the fair value of residential and commercial msrs and significant inputs to the valuation model as of december 31 , 2011 are shown in the tables below . the expected and actual rates of mortgage loan prepayments are significant factors driving the fair value . management uses a third-party model to estimate future residential loan prepayments and internal proprietary models to estimate future commercial loan prepayments . these models have been refined based on current market conditions . future interest rates are another important factor in the valuation of msrs . management utilizes market implied forward interest rates to estimate the future direction of mortgage and discount rates . the forward rates utilized are derived from the current yield curve for u.s . dollar interest rate swaps and are consistent with pricing of capital markets instruments . changes in the shape and slope of the forward curve in future periods may result in volatility in the fair value estimate . residential mortgage servicing rights dollars in millions december 31 december 31 .
| Dollars in millions | December 31 2011 | December 312010 |
| :--- | :--- | :--- |
| Fair value | $647 | $1,033 |
| Weighted-average life (in years) (a) | 3.6 | 5.8 |
| Weighted-average constant prepayment rate (a) | 22.10% | 12.61% |
| Weighted-average option adjusted spread | 11.77% | 12.18% |
weighted-average constant prepayment rate ( a ) 22.10% ( 22.10 % ) 12.61% ( 12.61 % ) weighted-average option adjusted spread 11.77% ( 11.77 % ) 12.18% ( 12.18 % ) ( a ) changes in weighted-average life and weighted-average constant prepayment rate reflect the cumulative impact of changes in rates , prepayment expectations and model changes . the pnc financial services group , inc . 2013 form 10-k 65 .
|
string
| null |
fair_value_change = 1033 - 647
answer = fair_value_change
|
what percent of severence was paid off in 2008?
|
8
|
CodeFinQA
|
as described above , the borrowings are extended on a non-recourse basis . as such , there is no credit or market risk exposure to us on the assets , and as a result the terms of the amlf permit exclusion of the assets from regulatory leverage and risk-based capital calculations . the interest rate on the borrowings is set by the federal reserve bank , and we earn net interest revenue by earning a spread on the difference between the yield we earn on the assets and the rate we pay on the borrowings . for 2008 , we earned net interest revenue associated with this facility of approximately $ 68 million . separately , we currently maintain a commercial paper program under which we can issue up to $ 3 billion with original maturities of up to 270 days from the date of issue . at december 31 , 2008 and 2007 , $ 2.59 billion and $ 2.36 billion , respectively , of commercial paper were outstanding . in addition , state street bank currently has board authority to issue bank notes up to an aggregate of $ 5 billion , including up to $ 2.48 billion of senior notes under the fdic 2019s temporary liquidity guarantee program , instituted by the fdic in october 2008 for qualified senior debt issued through june 30 , 2009 , and up to $ 1 billion of subordinated bank notes ( see note 10 ) . at december 31 , 2008 and 2007 , no notes payable were outstanding , and at december 31 , 2008 , all $ 5 billion was available for issuance . state street bank currently maintains a line of credit of cad $ 800 million , or approximately $ 657 million , to support its canadian securities processing operations . the line of credit has no stated termination date and is cancelable by either party with prior notice . at december 31 , 2008 , no balance was due on this line of credit . note 9 . restructuring charges in december 2008 , we implemented a plan to reduce our expenses from operations and support our long- term growth . in connection with this plan , we recorded aggregate restructuring charges of $ 306 million in our consolidated statement of income . the primary component of the plan was an involuntary reduction of approximately 7% ( 7 % ) of our global workforce , which reduction we expect to be substantially completed by the end of the first quarter of 2009 . other components of the plan included costs related to lease and software license terminations , restructuring of agreements with technology providers and other costs . of the aggregate restructuring charges of $ 306 million , $ 243 million related to severance , a portion of which will be paid in a lump sum or over a defined period , and a portion of which will provide related benefits and outplacement services for approximately 2100 employees identified for involuntary termination in connection with the plan ; $ 49 million related to future lease obligations and write-offs of capitalized assets , including $ 23 million for impairment of other intangible assets ; $ 10 million of costs associated with information technology and $ 4 million of other restructuring costs . the severance component included $ 47 million related to accelerated vesting of equity-based compensation . in december 2008 , approximately 620 employees were involuntarily terminated and left state street . the following table presents the activity in the related balance sheet reserve for 2008 . ( in millions ) severance lease and write-offs information technology other total .
| (In millions) | Severance | Lease and Asset Write-Offs | Information Technology | Other | Total |
| :--- | :--- | :--- | :--- | :--- | :--- |
| Initial accrual | $250 | $42 | $10 | $4 | $306 |
| Payments and adjustments | (20) | (25) | (10) | (1) | (56) |
| Balance at December 31, 2008 | $230 | $17 | β | $3 | $250 |
.
|
string
| null |
severance_2008 = 20
severance_total = 250
percent_severance = severance_2008 / severance_total
answer = percent_severance * 100
|
what portion of the total future minimum lease payments is due within 12 months?
|
15.6999998093
|
CodeFinQA
|
entergy corporation and subsidiaries notes to financial statements sale and leaseback transactions waterford 3 lease obligations in 1989 , in three separate but substantially identical transactions , entergy louisiana sold and leased back undivided interests in waterford 3 for the aggregate sum of $ 353.6 million . the interests represent approximately 9.3% ( 9.3 % ) of waterford 3 . the leases expire in 2017 . under certain circumstances , entergy louisiana may repurchase the leased interests prior to the end of the term of the leases . at the end of the lease terms , entergy louisiana has the option to repurchase the leased interests in waterford 3 at fair market value or to renew the leases for either fair market value or , under certain conditions , a fixed rate . entergy louisiana issued $ 208.2 million of non-interest bearing first mortgage bonds as collateral for the equity portion of certain amounts payable under the leases . upon the occurrence of certain events , entergy louisiana may be obligated to assume the outstanding bonds used to finance the purchase of the interests in the unit and to pay an amount sufficient to withdraw from the lease transaction . such events include lease events of default , events of loss , deemed loss events , or certain adverse 201cfinancial events . 201d 201cfinancial events 201d include , among other things , failure by entergy louisiana , following the expiration of any applicable grace or cure period , to maintain ( i ) total equity capital ( including preferred membership interests ) at least equal to 30% ( 30 % ) of adjusted capitalization , or ( ii ) a fixed charge coverage ratio of at least 1.50 computed on a rolling 12 month basis . as of december 31 , 2011 , entergy louisiana was in compliance with these provisions . as of december 31 , 2011 , entergy louisiana had future minimum lease payments ( reflecting an overall implicit rate of 7.45% ( 7.45 % ) ) in connection with the waterford 3 sale and leaseback transactions , which are recorded as long-term debt , as follows : amount ( in thousands ) .
| | Amount (In Thousands) |
| :--- | :--- |
| 2012 | $39,067 |
| 2013 | 26,301 |
| 2014 | 31,036 |
| 2015 | 28,827 |
| 2016 | 16,938 |
| Years thereafter | 106,335 |
| Total | 248,504 |
| Less: Amount representing interest | 60,249 |
| Present value of net minimum lease payments | $188,255 |
grand gulf lease obligations in 1988 , in two separate but substantially identical transactions , system energy sold and leased back undivided ownership interests in grand gulf for the aggregate sum of $ 500 million . the interests represent approximately 11.5% ( 11.5 % ) of grand gulf . the leases expire in 2015 . under certain circumstances , system entergy may repurchase the leased interests prior to the end of the term of the leases . at the end of the lease terms , system energy has the option to repurchase the leased interests in grand gulf at fair market value or to renew the leases for either fair market value or , under certain conditions , a fixed rate . system energy is required to report the sale-leaseback as a financing transaction in its financial statements . for financial reporting purposes , system energy expenses the interest portion of the lease obligation and the plant depreciation . however , operating revenues include the recovery of the lease payments because the transactions are accounted for as a sale and leaseback for ratemaking purposes . consistent with a recommendation contained in a .
|
string
| null |
future_minimum_lease_payments = 39067
total_future_minimum_lease_payments = 248504
percent_future_minimum_lease_payments = future_minimum_lease_payments / total_future_minimum_lease_payments
answer = percent_future_minimum_lease_payments * 100
|
in 2010 what was the percent of the total minimum lease payments due in 2014
|
10.6999998093
|
CodeFinQA
|
2010 . on november 1 , 2010 , we redeemed all $ 400 million of our outstanding 6.65% ( 6.65 % ) notes due january 15 , 2011 . the redemption resulted in a $ 5 million early extinguishment charge . receivables securitization facility 2013 at december 31 , 2010 , we have recorded $ 100 million as secured debt under our receivables securitization facility . ( see further discussion of our receivables securitization facility in note 10. ) 15 . variable interest entities we have entered into various lease transactions in which the structure of the leases contain variable interest entities ( vies ) . these vies were created solely for the purpose of doing lease transactions ( principally involving railroad equipment and facilities ) and have no other activities , assets or liabilities outside of the lease transactions . within these lease arrangements , we have the right to purchase some or all of the assets at fixed prices . depending on market conditions , fixed-price purchase options available in the leases could potentially provide benefits to us ; however , these benefits are not expected to be significant . we maintain and operate the assets based on contractual obligations within the lease arrangements , which set specific guidelines consistent within the railroad industry . as such , we have no control over activities that could materially impact the fair value of the leased assets . we do not hold the power to 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 price options are not considered to be potentially significant to the vie 2019s . the future minimum lease payments associated with the vie leases totaled $ 4.2 billion as of december 31 , 2010 . 16 . leases we lease certain locomotives , freight cars , and other property . the consolidated statement of financial position as of december 31 , 2010 and 2009 included $ 2520 million , net of $ 901 million of accumulated depreciation , and $ 2754 million , net of $ 927 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 , 2010 , were as follows : millions operating leases capital leases .
| <i>Millions</i> | <i>Operating</i><i>Leases</i> | <i>Capital</i><i>Leases</i> |
| :--- | :--- | :--- |
| 2011 | $613 | $311 |
| 2012 | 526 | 251 |
| 2013 | 461 | 253 |
| 2014 | 382 | 261 |
| 2015 | 340 | 262 |
| Later years | 2,599 | 1,355 |
| Total minimum lease payments | $4,921 | $2,693 |
| Amount representing interest | N/A | (784) |
| Present value of minimum lease payments | N/A | $1,909 |
the majority of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 624 million in 2010 , $ 686 million in 2009 , and $ 747 million in 2008 . 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. .
|
string
| null |
percent_2012 = 526
percent_total = 4921
percent_2012_2014 = percent_2012 / percent_total
answer = percent_2012_2014 * 100
|
what percent of total net assets acquired was goodwill?
|
40
|
CodeFinQA
|
news corporation notes to the consolidated financial statements consideration over the fair value of the net tangible and intangible assets acquired was recorded as goodwill . the allocation is as follows ( in millions ) : assets acquired: .
| Intangible assets | $220 |
| :--- | :--- |
| Goodwill | 115 |
| Net liabilities | (50) |
| Total net assets acquired | $285 |
the acquired intangible assets primarily relate to broadcast licenses , which have a fair value of approximately $ 185 million , tradenames , which have a fair value of approximately $ 27 million , and customer relationships with a fair value of approximately $ 8 million . the broadcast licenses and tradenames have indefinite lives and the customer relationships are being amortized over a weighted-average useful life of approximately 6 years . wireless group 2019s results are included within the news and information services segment , and it is considered a separate reporting unit for purposes of the company 2019s annual goodwill impairment review . rea group european business in december 2016 , rea group , in which the company holds a 61.6% ( 61.6 % ) interest , sold its european business for approximately $ 140 million ( approximately 20ac133 million ) in cash , which resulted in a pre-tax gain of $ 107 million for the fiscal year ended june 30 , 2017 . the sale allows rea group to focus on its core businesses in australia and asia . in addition to the acquisitions noted above and the investments referenced in note 6 2014investments , the company used $ 62 million of cash for additional acquisitions during fiscal 2017 , primarily consisting of australian regional media ( 201carm 201d ) . arm 2019s results are included within the news and information services segment . note 5 . restructuring programs the company recorded restructuring charges of $ 92 million , $ 71 million and $ 142 million for the fiscal years ended june 30 , 2019 , 2018 and 2017 , respectively , of which $ 77 million , $ 58 million and $ 133 million related to the news and information services segment , respectively . the restructuring charges recorded in fiscal 2019 , 2018 and 2017 were primarily for employee termination benefits. .
|
string
| null |
goodwill = 115
total_assets = 285
percent_goodwill = goodwill / total_assets
answer = percent_goodwill * 100
|
what was the percent of growth of the nasdaq composite index from 2015 to 2016
|
8.5
|
CodeFinQA
|
measurement point december 31 booking holdings nasdaq composite index s&p 500 rdg internet composite .
| Measurement PointDecember 31 | Booking Holdings Inc. | NASDAQComposite Index | S&P 500Index | RDG InternetComposite |
| :--- | :--- | :--- | :--- | :--- |
| 2013 | 100.00 | 100.00 | 100.00 | 100.00 |
| 2014 | 98.09 | 114.62 | 113.69 | 96.39 |
| 2015 | 109.68 | 122.81 | 115.26 | 133.20 |
| 2016 | 126.12 | 133.19 | 129.05 | 140.23 |
| 2017 | 149.50 | 172.11 | 157.22 | 202.15 |
| 2018 | 148.18 | 165.84 | 150.33 | 201.16 |
.
|
string
| null |
index_2016 = 133.19
index_2015 = 122.81
percent_change = (index_2016 - index_2015) / index_2015
answer = percent_change * 100
|
what was the percent of the fully insured of the consumer-choice membership total
|
49.5999984741
|
CodeFinQA
|
cost amount could have a material adverse effect on our business . these changes may include , for example , an increase or reduction in the number of persons enrolled or eligible to enroll due to the federal government 2019s decision to increase or decrease u.s . military presence around the world . in the event government reimbursements were to decline from projected amounts , our failure to reduce the health care costs associated with these programs could have a material adverse effect on our business . during 2004 , we completed a contractual transition of our tricare business . on july 1 , 2004 , our regions 2 and 5 contract servicing approximately 1.1 million tricare members became part of the new north region , which was awarded to another contractor . on august 1 , 2004 , our regions 3 and 4 contract became part of our new south region contract . on november 1 , 2004 , the region 6 contract with approximately 1 million members became part of the south region contract . the members added with the region 6 contract essentially offset the members lost four months earlier with the expiration of our regions 2 and 5 contract . for the year ended december 31 , 2005 , tricare premium revenues were approximately $ 2.4 billion , or 16.9% ( 16.9 % ) of our total premiums and aso fees . part of the tricare transition during 2004 included the carve out of the tricare senior pharmacy and tricare for life program which we previously administered on as aso basis . on june 1 , 2004 and august 1 , 2004 , administrative services under these programs were transferred to another contractor . for the year ended december 31 , 2005 , tricare administrative services fees totaled $ 50.1 million , or 0.4% ( 0.4 % ) of our total premiums and aso fees . our products marketed to commercial segment employers and members consumer-choice products over the last several years , we have developed and offered various commercial products designed to provide options and choices to employers that are annually facing substantial premium increases driven by double-digit medical cost inflation . these consumer-choice products , which can be offered on either a fully insured or aso basis , provided coverage to approximately 371100 members at december 31 , 2005 , representing approximately 11.7% ( 11.7 % ) of our total commercial medical membership as detailed below . consumer-choice membership other commercial membership commercial medical membership .
| | Consumer-Choice Membership | Other Commercial Membership | Commercial Medical Membership |
| :--- | :--- | :--- | :--- |
| Fully insured | 184,000 | 1,815,800 | 1,999,800 |
| Administrative services only | 187,100 | 983,900 | 1,171,000 |
| Total Commercial medical | 371,100 | 2,799,700 | 3,170,800 |
these products are often offered to employer groups as 201cbundles 201d , where the subscribers are offered various hmo and ppo options , with various employer contribution strategies as determined by the employer . paramount to our consumer-choice product strategy , we have developed a group of innovative consumer products , styled as 201csmart 201d products , that we believe will be a long-term solution for employers . we believe this new generation of products provides more ( 1 ) choices for the individual consumer , ( 2 ) transparency of provider costs , and ( 3 ) benefit designs that engage consumers in the costs and effectiveness of health care choices . innovative tools and technology are available to assist consumers with these decisions , including the trade-offs between higher premiums and point-of-service costs at the time consumers choose their plans , and to suggest ways in which the consumers can maximize their individual benefits at the point they use their plans . we believe that when consumers can make informed choices about the cost and effectiveness of their health care , a sustainable long term solution for employers can be realized . smart products , which accounted for approximately 65.1% ( 65.1 % ) of enrollment in all of our consumer-choice plans as of december 31 , 2005 , only are sold to employers who use humana as their sole health insurance carrier. .
|
string
| null |
percent_fully_insured = 184000 / 371100
answer = percent_fully_insured * 100
|
what percent of total long-term obligations is incurred by operating leases?
|
2.8499999046
|
CodeFinQA
|
obligations of non-consolidated affiliates , mainly cpw . in addition , off-balance sheet arrangements are generally limited to the future payments under non-cancelable operating leases , which totaled $ 559 million as of may 27 , as of may 27 , 2018 , we had invested in five variable interest entities ( vies ) . none of our vies are material to our results of operations , financial condition , or liquidity as of and for the fiscal year ended may 27 , 2018 . our defined benefit plans in the united states are subject to the requirements of the pension protection act ( ppa ) . in the future , the ppa may require us to make additional contributions to our domestic plans . we do not expect to be required to make any contributions in fiscal 2019 . the following table summarizes our future estimated cash payments under existing contractual obligations , including payments due by period: .
| | Payments Due by Fiscal Year |
| :--- | :--- |
| In Millions | Total | 2019 | 2020 -21 | 2022 -23 | 2024 and Thereafter |
| Long-term debt (a) | $14,354.0 | $1,599.8 | $3,122.6 | $2,315.5 | $7,316.1 |
| Accrued interest | 107.7 | 107.7 | - | - | - |
| Operating leases (b) | 559.3 | 137.4 | 208.0 | 122.7 | 91.2 |
| Capital leases | 0.5 | 0.3 | 0.2 | - | - |
| Purchase obligations (c) | 3,417.0 | 2,646.9 | 728.8 | 39.8 | 1.5 |
| Total contractual obligations | 18,438.5 | 4,492.1 | 4,059.6 | 2,478.0 | 7,408.8 |
| Other long-term obligations (d) | 1,199.0 | - | - | - | - |
| Total long-term obligations | $19,637.5 | $4,492.1 | $4,059.6 | $2,478.0 | $7,408.8 |
( a ) amounts represent the expected cash payments of our long-term debt and do not include $ 0.5 million for capital leases or $ 85.7 million for net unamortized debt issuance costs , premiums and discounts , and fair value adjustments . ( b ) operating leases represents the minimum rental commitments under non-cancelable operating leases . ( c ) the majority of the purchase obligations represent commitments for raw material and packaging to be utilized in the normal course of business and for consumer marketing spending commitments that support our brands . for purposes of this table , arrangements are considered purchase obligations if a contract specifies all significant terms , including fixed or minimum quantities to be purchased , a pricing structure , and approximate timing of the transaction . most arrangements are cancelable without a significant penalty and with short notice ( usually 30 days ) . any amounts reflected on the consolidated balance sheets as accounts payable and accrued liabilities are excluded from the table above . ( d ) the fair value of our foreign exchange , equity , commodity , and grain derivative contracts with a payable position to the counterparty was $ 16 million as of may 27 , 2018 , based on fair market values as of that date . future changes in market values will impact the amount of cash ultimately paid or received to settle those instruments in the future . other long-term obligations mainly consist of liabilities for accrued compensation and benefits , including the underfunded status of certain of our defined benefit pension , other postretirement benefit , and postemployment benefit plans , and miscellaneous liabilities . we expect to pay $ 20 million of benefits from our unfunded postemployment benefit plans and $ 18 million of deferred compensation in fiscal 2019 . we are unable to reliably estimate the amount of these payments beyond fiscal 2019 . as of may 27 , 2018 , our total liability for uncertain tax positions and accrued interest and penalties was $ 223.6 million . significant accounting estimates for a complete description of our significant accounting policies , please see note 2 to the consolidated financial statements in item 8 of this report . our significant accounting estimates are those that have a meaningful impact .
|
string
| null |
operating_leases_percent = 559.3 / 19637.5
answer = operating_leases_percent * 100
|
what is the percentage change in the total gross amount of unrecognized tax benefits from 2013 to 2014?
|
9.3999996185
|
CodeFinQA
|
adobe systems incorporated notes to consolidated financial statements ( continued ) accounting for uncertainty in income taxes during fiscal 2014 and 2013 , our aggregate changes in our total gross amount of unrecognized tax benefits are summarized as follows ( in thousands ) : .
| | 2014 | 2013 |
| :--- | :--- | :--- |
| Beginning balance | $136,098 | $160,468 |
| Gross increases in unrecognized tax benefits β prior year tax positions | 144 | 20,244 |
| Gross increases in unrecognized tax benefits β current year tax positions | 18,877 | 16,777 |
| Settlements with taxing authorities | (995) | (55,851) |
| Lapse of statute of limitations | (1,630) | (4,066) |
| Foreign exchange gains and losses | (3,646) | (1,474) |
| Ending balance | $148,848 | $136,098 |
as of november 28 , 2014 , the combined amount of accrued interest and penalties related to tax positions taken on our tax returns and included in non-current income taxes payable was approximately $ 14.6 million . we file income tax returns in the u.s . on a federal basis and in many u.s . state and foreign jurisdictions . we are subject to the continual examination of our income tax returns by the irs and other domestic and foreign tax authorities . our major tax jurisdictions are ireland , california and the u.s . for ireland , california and the u.s. , the earliest fiscal years open for examination are 2008 , 2008 and 2010 , respectively . we regularly assess the likelihood of outcomes resulting from these examinations to determine the adequacy of our provision for income taxes and have reserved for potential adjustments that may result from the current examinations . we believe such estimates to be reasonable ; however , there can be no assurance that the final determination of any of these examinations will not have an adverse effect on our operating results and financial position . in july 2013 , a u.s . income tax examination covering fiscal 2008 and 2009 was completed . our accrued tax and interest related to these years was $ 48.4 million and was previously reported in long-term income taxes payable . we settled the tax obligation resulting from this examination with cash and income tax assets totaling $ 41.2 million , and the resulting $ 7.2 million income tax benefit was recorded in the third quarter of fiscal 2013 . the timing of the resolution of income tax examinations is highly uncertain as are the amounts and timing of tax payments that are part of any audit settlement process . these events could cause large fluctuations in the balance sheet classification of current and non-current assets and liabilities . we believe that within the next 12 months , it is reasonably possible that either certain audits will conclude or statutes of limitations on certain income tax examination periods will expire , or both . given the uncertainties described above , we can only determine a range of estimated potential decreases in underlying unrecognized tax benefits ranging from $ 0 to approximately $ 5 million . note 10 . restructuring fiscal 2014 restructuring plan in the fourth quarter of fiscal 2014 , in order to better align our global resources for digital media and digital marketing , we initiated a restructuring plan to vacate our research and development facility in china and our sales and marketing facility in russia . this plan consisted of reductions of approximately 350 full-time positions and we recorded restructuring charges of approximately $ 18.8 million related to ongoing termination benefits for the positions eliminated . during fiscal 2015 , we intend to vacate both of these facilities . the amount accrued for the fair value of future contractual obligations under these operating leases was insignificant . other restructuring plans during the past several years , we have implemented other restructuring plans consisting of reductions in workforce and the consolidation of facilities to better align our resources around our business strategies . as of november 28 , 2014 , we considered our other restructuring plans to be substantially complete . we continue to make cash outlays to settle obligations under these plans , however the current impact to our consolidated financial statements is not significant. .
|
string
| null |
tax_2014 = 148848
tax_2013 = 136098
decrease = tax_2014 - tax_2013
percent_change = decrease / tax_2013
answer = percent_change * 100
|
based on the schedule of the company 2019s future minimum payments as of december 312015 what was the percent of the amount due in 2016 to the total
|
14.6999998093
|
CodeFinQA
|
included in selling , general and administrative expense was rent expense of $ 83.0 million , $ 59.0 million and $ 41.8 million for the years ended december 31 , 2015 , 2014 and 2013 , respectively , under non-cancelable operating lease agreements . included in these amounts was contingent rent expense of $ 11.0 million , $ 11.0 million and $ 7.8 million for the years ended december 31 , 2015 , 2014 and 2013 , respectively . sports marketing and other commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products . these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments . the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 , 2015 , as well as significant sponsorship and other marketing agreements entered into during the period after december 31 , 2015 through the date of this report : ( in thousands ) .
| 2016 | $126,488 |
| :--- | :--- |
| 2017 | 138,607 |
| 2018 | 137,591 |
| 2019 | 98,486 |
| 2020 | 67,997 |
| 2021 and thereafter | 289,374 |
| Total future minimum sponsorship and other payments | $858,543 |
the amounts listed above are the minimum compensation obligations and guaranteed royalty fees required to be paid under the company 2019s sponsorship and other marketing agreements . the amounts listed above do not include additional performance incentives and product supply obligations provided under certain agreements . it is not possible to determine how much the company will spend on product supply obligations on an annual basis as contracts generally do not stipulate specific cash amounts to be spent on products . the amount of product provided to the sponsorships depends on many factors including general playing conditions , the number of sporting events in which they participate and the company 2019s decisions regarding product and marketing initiatives . in addition , the costs to design , develop , source and purchase the products furnished to the endorsers are incurred over a period of time and are not necessarily tracked separately from similar costs incurred for products sold to customers . in connection with various contracts and agreements , the company has agreed to indemnify counterparties against certain third party claims relating to the infringement of intellectual property rights and other items . generally , such indemnification obligations do not apply in situations in which the counterparties are grossly negligent , engage in willful misconduct , or act in bad faith . based on the company 2019s historical experience and the estimated probability of future loss , the company has determined that the fair value of such indemnifications is not material to its consolidated financial position or results of operations . from time to time , the company is involved in litigation and other proceedings , including matters related to commercial and intellectual property disputes , as well as trade , regulatory and other claims related to its business . the company believes that all current proceedings are routine in nature and incidental to the conduct of its business , and that the ultimate resolution of any such proceedings will not have a material adverse effect on its consolidated financial position , results of operations or cash flows . following the company 2019s announcement of the creation of a new class of common stock , referred to as the class c common stock , par value $ 0.0003 1/3 per share , four purported class action lawsuits were brought .
|
string
| null |
payments_2016 = 126488
payments_total = 858543
percent_2016 = payments_2016 / payments_total
answer = percent_2016 * 100
|
for the fourth quarter ended december 312015 what was the percent of the total number of shares not purchased as part of publicly announced plans or programs in october
|
79.8000030518
|
CodeFinQA
|
table of contents the following table discloses purchases of shares of our common stock made by us or on our behalf during the fourth quarter of 2015 . period total number of shares purchased average price paid per share total number of shares not purchased as part of publicly announced plans or programs ( a ) total number of shares purchased as part of publicly announced plans or programs approximate dollar value of shares that may yet be purchased under the plans or programs ( b ) .
| Period | Total Numberof SharesPurchased | AveragePrice Paidper Share | Total Number ofShares NotPurchased as Part ofPublicly AnnouncedPlans or Programs (a) | Total Number ofShares Purchased asPart of PubliclyAnnounced Plans orPrograms | Approximate DollarValue of Shares thatMay Yet Be PurchasedUnder the Plans orPrograms (b) |
| :--- | :--- | :--- | :--- | :--- | :--- |
| October 2015 | 1,658,771 | $62.12 | 842,059 | 816,712 | $2.0 billion |
| November 2015 | 2,412,467 | $71.08 | 212,878 | 2,199,589 | $1.8 billion |
| December 2015 | 7,008,414 | $70.31 | 980 | 7,007,434 | $1.3 billion |
| Total | 11,079,652 | $69.25 | 1,055,917 | 10,023,735 | $1.3 billion |
( a ) the shares reported in this column represent purchases settled in the fourth quarter of 2015 relating to ( i ) our purchases of shares in open-market transactions to meet our obligations under stock-based compensation plans , and ( ii ) our purchases of shares from our employees and non-employee directors in connection with the exercise of stock options , the vesting of restricted stock , and other stock compensation transactions in accordance with the terms of our stock-based compensation plans . ( b ) on july 13 , 2015 , we announced that our board of directors approved our purchase of $ 2.5 billion of our outstanding common stock ( with no expiration date ) , which was in addition to the remaining amount available under our $ 3 billion program previously authorized . during the third quarter of 2015 , we completed our purchases under the $ 3 billion program . as of december 31 , 2015 , we had $ 1.3 billion remaining available for purchase under the $ 2.5 billion program. .
|
string
| null |
shares_not_purchased = 842059
shares_total = 1055917
percent_not_purchased = shares_not_purchased / shares_total
answer = percent_not_purchased * 100
|
what was the percentage of the change in the credit commitments and lines of credit for citigroup 2019s from 2009 to 2010
|
12.3000001907
|
CodeFinQA
|
credit commitments and lines of credit the table below summarizes citigroup 2019s credit commitments as of december 31 , 2010 and december 31 , 2009: .
| | December 31, 2010 | |
| :--- | :--- | :--- |
| In millions of dollars | U.S. | Outside of U.S. | Total | December 31, 2009 |
| Commercial and similar letters of credit | $1,544 | $7,430 | $8,974 | $7,211 |
| One- to four-family residential mortgages | 2,582 | 398 | 2,980 | 1,070 |
| Revolving open-end loans secured by one- to four-family residential properties | 17,986 | 2,948 | 20,934 | 23,916 |
| Commercial real estate, construction and land development | 1,813 | 594 | 2,407 | 1,704 |
| Credit card lines | 573,945 | 124,728 | 698,673 | 785,495 |
| Commercial and other Consumer loan commitments | 124,142 | 86,262 | 210,404 | 257,342 |
| Total | $722,012 | $222,360 | $944,372 | $1,076,738 |
the majority of unused commitments are contingent upon customers maintaining specific credit standards . commercial commitments generally have floating interest rates and fixed expiration dates and may require payment of fees . such fees ( net of certain direct costs ) are deferred and , upon exercise of the commitment , amortized over the life of the loan or , if exercise is deemed remote , amortized over the commitment period . commercial and similar letters of credit a commercial letter of credit is an instrument by which citigroup substitutes its credit for that of a customer to enable the customer to finance the purchase of goods or to incur other commitments . citigroup issues a letter on behalf of its client to a supplier and agrees to pay the supplier upon presentation of documentary evidence that the supplier has performed in accordance with the terms of the letter of credit . when a letter of credit is drawn , the customer is then required to reimburse citigroup . one- to four-family residential mortgages a one- to four-family residential mortgage commitment is a written confirmation from citigroup to a seller of a property that the bank will advance the specified sums enabling the buyer to complete the purchase . revolving open-end loans secured by one- to four-family residential properties revolving open-end loans secured by one- to four-family residential properties are essentially home equity lines of credit . a home equity line of credit is a loan secured by a primary residence or second home to the extent of the excess of fair market value over the debt outstanding for the first mortgage . commercial real estate , construction and land development commercial real estate , construction and land development include unused portions of commitments to extend credit for the purpose of financing commercial and multifamily residential properties as well as land development projects . both secured-by-real-estate and unsecured commitments are included in this line , as well as undistributed loan proceeds , where there is an obligation to advance for construction progress payments . however , this line only includes those extensions of credit that , once funded , will be classified as loans on the consolidated balance sheet . credit card lines citigroup provides credit to customers by issuing credit cards . the credit card lines are unconditionally cancelable by the issuer . commercial and other consumer loan commitments commercial and other consumer loan commitments include overdraft and liquidity facilities , as well as commercial commitments to make or purchase loans , to purchase third-party receivables , to provide note issuance or revolving underwriting facilities and to invest in the form of equity . amounts include $ 79 billion and $ 126 billion with an original maturity of less than one year at december 31 , 2010 and december 31 , 2009 , respectively . in addition , included in this line item are highly leveraged financing commitments , which are agreements that provide funding to a borrower with higher levels of debt ( measured by the ratio of debt capital to equity capital of the borrower ) than is generally considered normal for other companies . this type of financing is commonly employed in corporate acquisitions , management buy-outs and similar transactions. .
|
string
| null |
commitment_change = 944372 - 1076738
total_commitments = 1076738
percent_change = commitment_change / total_commitments
answer = percent_change * 100
|
what is the net liability for pension plan resulting from acquisition of vinamul and acetex?
|
43
|
CodeFinQA
|
celanese corporation and subsidiaries notes to consolidated financial statements ( continued ) 2022 amend certain material agreements governing bcp crystal 2019s indebtedness ; 2022 change the business conducted by celanese holdings and its subsidiaries ; and 2022 enter into hedging agreements that restrict dividends from subsidiaries . in addition , the senior credit facilities require bcp crystal to maintain the following financial covenants : a maximum total leverage ratio , a maximum bank debt leverage ratio , a minimum interest coverage ratio and maximum capital expenditures limitation . the maximum consolidated net bank debt to adjusted ebitda ratio , as defined , previously required under the senior credit facilities , was eliminated when the company amended the facilities in january 2005 . as of december 31 , 2005 , the company was in compliance with all of the financial covenants related to its debt agreements . the maturation of the company 2019s debt , including short term borrowings , is as follows : ( in $ millions ) .
| | Total (in$millions) |
| :--- | :--- |
| 2006 | 155 |
| 2007 | 29 |
| 2008 | 22 |
| 2009 | 40 |
| 2010 | 28 |
| Thereafter<sup>(1)</sup> | 3,163 |
| Total | 3,437 |
( 1 ) includes $ 2 million purchase accounting adjustment to assumed debt . 17 . benefit obligations pension obligations . pension obligations are established for benefits payable in the form of retirement , disability and surviving dependent pensions . the benefits offered vary according to the legal , fiscal and economic conditions of each country . the commitments result from participation in defined contribution and defined benefit plans , primarily in the u.s . benefits are dependent on years of service and the employee 2019s compensation . supplemental retirement benefits provided to certain employees are non-qualified for u.s . tax purposes . separate trusts have been established for some non-qualified plans . defined benefit pension plans exist at certain locations in north america and europe . as of december 31 , 2005 , the company 2019s u.s . qualified pension plan represented greater than 85% ( 85 % ) and 75% ( 75 % ) of celanese 2019s pension plan assets and liabilities , respectively . independent trusts or insurance companies administer the majority of these plans . actuarial valuations for these plans are prepared annually . the company sponsors various defined contribution plans in europe and north america covering certain employees . employees may contribute to these plans and the company will match these contributions in varying amounts . contributions to the defined contribution plans are based on specified percentages of employee contributions and they aggregated $ 12 million for the year ended decem- ber 31 , 2005 , $ 8 million for the nine months ended december 31 , 2004 , $ 3 million for the three months ended march 31 , 2004 and $ 11 million for the year ended december 31 , 2003 . in connection with the acquisition of cag , the purchaser agreed to pre-fund $ 463 million of certain pension obligations . during the nine months ended december 31 , 2004 , $ 409 million was pre-funded to the company 2019s pension plans . the company contributed an additional $ 54 million to the non-qualified pension plan 2019s rabbi trusts in february 2005 . in connection with the company 2019s acquisition of vinamul and acetex , the company assumed certain assets and obligations related to the acquired pension plans . the company recorded liabilities of $ 128 million for these pension plans . total pension assets acquired amounted to $ 85 million. .
|
string
| null |
pension_assets_acquired = 128
pension_assets_total = 85
net_liability = pension_assets_acquired - pension_assets_total
answer = net_liability
|
what was the ratio of the segment net sales in 2008 to 2006
|
1.5
|
CodeFinQA
|
the segment had operating earnings of $ 709 million in 2007 , compared to operating earnings of $ 787 million in 2006 . the decrease in operating earnings was primarily due to a decrease in gross margin , driven by : ( i ) lower net sales of iden infrastructure equipment , and ( ii ) continued competitive pricing pressure in the market for gsm infrastructure equipment , partially offset by : ( i ) increased net sales of digital entertainment devices , and ( ii ) the reversal of reorganization of business accruals recorded in 2006 relating to employee severance which were no longer needed . sg&a expenses increased primarily due to the expenses from recently acquired businesses , partially offset by savings from cost-reduction initiatives . r&d expenditures decreased primarily due to savings from cost- reduction initiatives , partially offset by expenditures by recently acquired businesses and continued investment in digital entertainment devices and wimax . as a percentage of net sales in 2007 as compared to 2006 , gross margin , sg&a expenses , r&d expenditures and operating margin all decreased . in 2007 , sales to the segment 2019s top five customers represented approximately 43% ( 43 % ) of the segment 2019s net sales . the segment 2019s backlog was $ 2.6 billion at december 31 , 2007 , compared to $ 3.2 billion at december 31 , 2006 . in the home business , demand for the segment 2019s products depends primarily on the level of capital spending by broadband operators for constructing , rebuilding or upgrading their communications systems , and for offering advanced services . during the second quarter of 2007 , the segment began shipping digital set-tops that support the federal communications commission ( 201cfcc 201d ) 2014 mandated separable security requirement . fcc regulations mandating the separation of security functionality from set-tops went into effect on july 1 , 2007 . as a result of these regulations , many cable service providers accelerated their purchases of set-tops in the first half of 2007 . additionally , in 2007 , our digital video customers significantly increased their purchases of the segment 2019s products and services , primarily due to increased demand for digital entertainment devices , particularly hd/dvr devices . during 2007 , the segment completed the acquisitions of : ( i ) netopia , inc. , a broadband equipment provider for dsl customers , which allows for phone , tv and fast internet connections , ( ii ) tut systems , inc. , a leading developer of edge routing and video encoders , ( iii ) modulus video , inc. , a provider of mpeg-4 advanced coding compression systems designed for delivery of high-value video content in ip set-top devices for the digital video , broadcast and satellite marketplaces , ( iv ) terayon communication systems , inc. , a provider of real-time digital video networking applications to cable , satellite and telecommunication service providers worldwide , and ( v ) leapstone systems , inc. , a provider of intelligent multimedia service delivery and content management applications to networks operators . these acquisitions enhance our ability to provide complete end-to-end systems for the delivery of advanced video , voice and data services . in december 2007 , motorola completed the sale of ecc to emerson for $ 346 million in cash . enterprise mobility solutions segment the enterprise mobility solutions segment designs , manufactures , sells , installs and services analog and digital two-way radio , voice and data communications products and systems for private networks , wireless broadband systems and end-to-end enterprise mobility solutions to a wide range of enterprise markets , including government and public safety agencies ( which , together with all sales to distributors of two-way communication products , are referred to as the 201cgovernment and public safety market 201d ) , as well as retail , energy and utilities , transportation , manufacturing , healthcare and other commercial customers ( which , collectively , are referred to as the 201ccommercial enterprise market 201d ) . in 2008 , the segment 2019s net sales represented 27% ( 27 % ) of the company 2019s consolidated net sales , compared to 21% ( 21 % ) in 2007 and 13% ( 13 % ) in 2006 . ( dollars in millions ) 2008 2007 2006 2008 20142007 2007 20142006 years ended december 31 percent change .
| | <i>Years Ended December 31</i> | <i>Percent Change</i> |
| :--- | :--- | :--- |
| <i>(Dollars in millions)</i> | <i>2008</i> | <i>2007</i> | <i>2006</i> | <i>2008β2007</i> | <i>2007β2006</i> |
| Segment net sales | $8,093 | $7,729 | $5,400 | 5% | 43% |
| Operating earnings | 1,496 | 1,213 | 958 | 23% | 27% |
segment results 20142008 compared to 2007 in 2008 , the segment 2019s net sales increased 5% ( 5 % ) to $ 8.1 billion , compared to $ 7.7 billion in 2007 . the 5% ( 5 % ) increase in net sales reflects an 8% ( 8 % ) increase in net sales to the government and public safety market , partially offset by a 2% ( 2 % ) decrease in net sales to the commercial enterprise market . the increase in net sales to the government and public safety market was primarily driven by : ( i ) increased net sales outside of north america , and ( ii ) the net sales generated by vertex standard co. , ltd. , a business the company acquired a controlling interest of in january 2008 , partially offset by lower net sales in north america . on a geographic basis , the segment 2019s net sales were higher in emea , asia and latin america and lower in north america . 65management 2019s discussion and analysis of financial condition and results of operations %%transmsg*** transmitting job : c49054 pcn : 068000000 ***%%pcmsg|65 |00024|yes|no|02/24/2009 12:31|0|0|page is valid , no graphics -- color : n| .
|
string
| null |
segment_sales_2008 = 8093
segment_sales_2006 = 5400
ratio = segment_sales_2008 / segment_sales_2006
answer = ratio
|
as of december 31 , 2008 , future base rental revenue under non-cancelable operating leases , excluding rents for leases with an original term of less than one year and rents resulting from the exercise of renewal options , totaled what ( in thousands ) for the years ending december 31 2009 and 2010?
|
3524000
|
CodeFinQA
|
vornado realty trust notes to consolidated financial statements ( continued ) 13 . leases as lessor : we lease space to tenants under operating leases . most of the leases provide for the payment of fixed base rentals payable monthly in advance . office building leases generally require the tenants to reimburse us for operating costs and real estate taxes above their base year costs . shopping center leases provide for the pass-through to tenants the tenants 2019 share of real estate taxes , insurance and maintenance . shopping center leases also provide for the payment by the lessee of additional rent based on a percentage of the tenants 2019 sales . as of december 31 , 2008 , future base rental revenue under non-cancelable operating leases , excluding rents for leases with an original term of less than one year and rents resulting from the exercise of renewal options , is as follows : ( amounts in thousands ) year ending december 31: .
| 2009 | $1,792,000 |
| :--- | :--- |
| 2010 | 1,732,000 |
| 2011 | 1,576,000 |
| 2012 | 1,417,000 |
| 2013 | 1,300,000 |
| Thereafter | 7,216,000 |
these amounts do not include rentals based on tenants 2019 sales . these percentage rents approximated $ 7322000 , $ 9379000 , and $ 7593000 , for the years ended december 31 , 2008 , 2007 , and 2006 , respectively . none of our tenants accounted for more than 10% ( 10 % ) of total revenues for the years ended december 31 , 2008 , 2007 and former bradlees locations pursuant to the master agreement and guaranty , dated may 1 , 1992 , we are due $ 5000000 per annum of additional rent from stop & shop which was allocated to certain of bradlees former locations . on december 31 , 2002 , prior to the expiration of the leases to which the additional rent was allocated , we reallocated this rent to other former bradlees leases also guaranteed by stop & shop . stop & shop is contesting our right to reallocate and claims that we are no longer entitled to the additional rent . at december 31 , 2008 , we are due an aggregate of $ 30400000 . we believe the additional rent provision of the guaranty expires at the earliest in 2012 and we are vigorously contesting stop & shop 2019s position. .
|
string
| null |
rent_2009 = 1792000
rent_2010 = 1732000
total_rent = rent_2009 + rent_2010
answer = total_rent
|
from dec 31 , 2013 to dec 31 , 2014 , what was the percentage decrease in the length of the cash conversion cycle?
|
9.5
|
CodeFinQA
|
table of contents ( 4 ) the decline in cash flows was driven by the timing of inventory purchases at the end of 2014 versus 2013 . in order to manage our working capital and operating cash needs , we monitor our cash conversion cycle , defined as days of sales outstanding in accounts receivable plus days of supply in inventory minus days of purchases outstanding in accounts payable , based on a rolling three-month average . components of our cash conversion cycle are as follows: .
| | December 31, |
| :--- | :--- |
| (in days) | 2015 | 2014 | 2013 |
| Days of sales outstanding (DSO)<sup>(1)</sup> | 48 | 42 | 44 |
| Days of supply in inventory (DIO)<sup>(2)</sup> | 13 | 13 | 14 |
| Days of purchases outstanding (DPO)<sup>(3)</sup> | (40) | (34) | (35) |
| Cash conversion cycle | 21 | 21 | 23 |
( 1 ) represents the rolling three-month average of the balance of trade accounts receivable , net at the end of the period divided by average daily net sales for the same three-month period . also incorporates components of other miscellaneous receivables . ( 2 ) represents the rolling three-month average of the balance of merchandise inventory at the end of the period divided by average daily cost of goods sold for the same three-month period . ( 3 ) represents the rolling three-month average of the combined balance of accounts payable-trade , excluding cash overdrafts , and accounts payable-inventory financing at the end of the period divided by average daily cost of goods sold for the same three-month period . the cash conversion cycle remained at 21 days at december 31 , 2015 and december 31 , 2014 . the increase in dso was primarily driven by a higher accounts receivable balance at december 31 , 2015 driven by higher public segment sales where customers generally take longer to pay than customers in our corporate segment , slower government payments in certain states due to budget issues and an increase in net sales and related accounts receivable for third-party services such as software assurance and warranties . these services have an unfavorable impact on dso as the receivable is recognized on the balance sheet on a gross basis while the corresponding sales amount in the statement of operations is recorded on a net basis . these services have a favorable impact on dpo as the payable is recognized on the balance sheet without a corresponding cost of sale in the statement of operations because the cost paid to the vendor or third-party service provider is recorded as a reduction to net sales . in addition to the impact of these services on dpo , dpo also increased due to the mix of payables with certain vendors that have longer payment terms . the cash conversion cycle decreased to 21 days at december 31 , 2014 compared to 23 days at december 31 , 2013 , primarily driven by improvement in dso . the decline in dso was primarily driven by improved collections and early payments from certain customers . additionally , the timing of inventory receipts at the end of 2014 had a favorable impact on dio and an unfavorable impact on dpo . investing activities net cash used in investing activities increased $ 189.6 million in 2015 compared to 2014 . the increase was primarily due to the completion of the acquisition of kelway by purchasing the remaining 65% ( 65 % ) of its outstanding common stock on august 1 , 2015 . additionally , capital expenditures increased $ 35.1 million to $ 90.1 million from $ 55.0 million for 2015 and 2014 , respectively , primarily for our new office location and an increase in spending related to improvements to our information technology systems . net cash used in investing activities increased $ 117.7 million in 2014 compared to 2013 . we paid $ 86.8 million in the fourth quarter of 2014 to acquire a 35% ( 35 % ) non-controlling interest in kelway . additionally , capital expenditures increased $ 7.9 million to $ 55.0 million from $ 47.1 million in 2014 and 2013 , respectively , primarily for improvements to our information technology systems during both years . financing activities net cash used in financing activities increased $ 114.5 million in 2015 compared to 2014 . the increase was primarily driven by share repurchases during the year ended december 31 , 2015 which resulted in an increase in cash used for financing activities of $ 241.3 million . for more information on our share repurchase program , see item 5 , 201cmarket for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities . 201d the increase was partially offset by the changes in accounts payable-inventory financing , which resulted in an increase in cash provided for financing activities of $ 20.4 million , and the net impact of our debt transactions which resulted in cash outflows of $ 7.1 million and $ 145.9 million during the years .
|
string
| null |
decrease = 23 - 21
percent_decrease = decrease / 21 * 100
answer = percent_decrease
|
what is the ratio of the goodwill for north america regional consumer banking to emea regional consumer banking
|
7.5
|
CodeFinQA
|
the following table shows reporting units with goodwill balances as of december 31 , 2010 , and the excess of fair value as a percentage over allocated book value as of the annual impairment test . in millions of dollars reporting unit ( 1 ) fair value as a % ( % ) of allocated book value goodwill .
| Reporting unit(1) | Fair value as a % of allocated book value | Goodwill |
| :--- | :--- | :--- |
| North America Regional Consumer Banking | 170% | $2,518 |
| EMEA Regional Consumer Banking | 168 | 338 |
| Asia Regional Consumer Banking | 344 | 6,045 |
| Latin America Regional Consumer Banking | 230 | 1,800 |
| Securities and Banking | 223 | 9,259 |
| Transaction Services | 1,716 | 1,567 |
| Brokerage and Asset Management | 151 | 65 |
| Local Consumer LendingβCards | 121 | 4,560 |
( 1 ) local consumer lending 2014other is excluded from the table as there is no goodwill allocated to it . while no impairment was noted in step one of citigroup 2019s local consumer lending 2014cards reporting unit impairment test at july 1 , 2010 , goodwill present in the reporting unit may be sensitive to further deterioration as the valuation of the reporting unit is particularly dependent upon economic conditions that affect consumer credit risk and behavior . citigroup engaged the services of an independent valuation specialist to assist in the valuation of the reporting unit at july 1 , 2010 , using a combination of the market approach and income approach consistent with the valuation model used in past practice , which considered the impact of the penalty fee provisions associated with the credit card accountability responsibility and disclosure act of 2009 ( card act ) that were implemented during 2010 . under the market approach for valuing this reporting unit , the key assumption is the selected price multiple . the selection of the multiple considers the operating performance and financial condition of the local consumer lending 2014cards operations as compared with those of a group of selected publicly traded guideline companies and a group of selected acquired companies . among other factors , the level and expected growth in return on tangible equity relative to those of the guideline companies and guideline transactions is considered . since the guideline company prices used are on a minority interest basis , the selection of the multiple considers the guideline acquisition prices , which reflect control rights and privileges , in arriving at a multiple that reflects an appropriate control premium . for the local consumer lending 2014cards valuation under the income approach , the assumptions used as the basis for the model include cash flows for the forecasted period , the assumptions embedded in arriving at an estimation of the terminal value and the discount rate . the cash flows for the forecasted period are estimated based on management 2019s most recent projections available as of the testing date , giving consideration to targeted equity capital requirements based on selected public guideline companies for the reporting unit . in arriving at the terminal value for local consumer lending 2014cards , using 2013 as the terminal year , the assumptions used include a long-term growth rate and a price-to-tangible book multiple based on selected public guideline companies for the reporting unit . the discount rate is based on the reporting unit 2019s estimated cost of equity capital computed under the capital asset pricing model . embedded in the key assumptions underlying the valuation model , described above , is the inherent uncertainty regarding the possibility that economic conditions may deteriorate or other events will occur that will impact the business model for local consumer lending 2014cards . while there is inherent uncertainty embedded in the assumptions used in developing management 2019s forecasts , the company utilized a discount rate at july 1 , 2010 that it believes reflects the risk characteristics and uncertainty specific to management 2019s forecasts and assumptions for the local consumer lending 2014cards reporting unit . two primary categories of events exist 2014economic conditions in the u.s . and regulatory actions 2014which , if they were to occur , could negatively affect key assumptions used in the valuation of local consumer lending 2014cards . small deterioration in the assumptions used in the valuations , in particular the discount-rate and growth-rate assumptions used in the net income projections , could significantly affect citigroup 2019s impairment evaluation and , hence , results . if the future were to differ adversely from management 2019s best estimate of key economic assumptions , and associated cash flows were to decrease by a small margin , citi could potentially experience future material impairment charges with respect to $ 4560 million of goodwill remaining in the local consumer lending 2014 cards reporting unit . any such charges , by themselves , would not negatively affect citi 2019s tier 1 and total capital regulatory ratios , tier 1 common ratio , its tangible common equity or citi 2019s liquidity position. .
|
string
| null |
goodwill_na = 2518
goodwill_emea = 338
ratio = goodwill_na / goodwill_emea
answer = ratio
|
what was the change in net interest margin between 2012 and 2011.?
|
0.0199999996
|
CodeFinQA
|
consolidated income statement review our consolidated income statement is presented in item 8 of this report . net income for 2012 was $ 3.0 billion compared with $ 3.1 billion for 2011 . revenue growth of 8 percent and a decline in the provision for credit losses were more than offset by a 16 percent increase in noninterest expense in 2012 compared to 2011 . further detail is included in the net interest income , noninterest income , provision for credit losses and noninterest expense portions of this consolidated income statement review . net interest income table 2 : net interest income and net interest margin year ended december 31 dollars in millions 2012 2011 .
| Year ended December 31Dollars in millions | 2012 | 2011 |
| :--- | :--- | :--- |
| Net interest income | $9,640 | $8,700 |
| Net interest margin | 3.94% | 3.92% |
changes in net interest income and margin result from the interaction of the volume and composition of interest-earning assets and related yields , interest-bearing liabilities and related rates paid , and noninterest-bearing sources of funding . see the statistical information ( unaudited ) 2013 average consolidated balance sheet and net interest analysis and analysis of year-to-year changes in net interest income in item 8 of this report and the discussion of purchase accounting accretion of purchased impaired loans in the consolidated balance sheet review in this item 7 for additional information . the increase in net interest income in 2012 compared with 2011 was primarily due to the impact of the rbc bank ( usa ) acquisition , organic loan growth and lower funding costs . purchase accounting accretion remained stable at $ 1.1 billion in both periods . the net interest margin was 3.94% ( 3.94 % ) for 2012 and 3.92% ( 3.92 % ) for 2011 . the increase in the comparison was primarily due to a decrease in the weighted-average rate accrued on total interest- bearing liabilities of 29 basis points , largely offset by a 21 basis point decrease on the yield on total interest-earning assets . the decrease in the rate on interest-bearing liabilities was primarily due to the runoff of maturing retail certificates of deposit and the redemption of additional trust preferred and hybrid capital securities during 2012 , in addition to an increase in fhlb borrowings and commercial paper as lower-cost funding sources . the decrease in the yield on interest-earning assets was primarily due to lower rates on new loan volume and lower yields on new securities in the current low rate environment . with respect to the first quarter of 2013 , we expect net interest income to decline by two to three percent compared to fourth quarter 2012 net interest income of $ 2.4 billion , due to a decrease in purchase accounting accretion of up to $ 50 to $ 60 million , including lower expected cash recoveries . for the full year 2013 , we expect net interest income to decrease compared with 2012 , assuming an expected decline in purchase accounting accretion of approximately $ 400 million , while core net interest income is expected to increase in the year-over-year comparison . we believe our net interest margin will come under pressure in 2013 , due to the expected decline in purchase accounting accretion and assuming that the current low rate environment continues . noninterest income noninterest income totaled $ 5.9 billion for 2012 and $ 5.6 billion for 2011 . the overall increase in the comparison was primarily due to an increase in residential mortgage loan sales revenue driven by higher loan origination volume , gains on sales of visa class b common shares and higher corporate service fees , largely offset by higher provision for residential mortgage repurchase obligations . asset management revenue , including blackrock , totaled $ 1.2 billion in 2012 compared with $ 1.1 billion in 2011 . this increase was primarily due to higher earnings from our blackrock investment . discretionary assets under management increased to $ 112 billion at december 31 , 2012 compared with $ 107 billion at december 31 , 2011 driven by stronger average equity markets , positive net flows and strong sales performance . for 2012 , consumer services fees were $ 1.1 billion compared with $ 1.2 billion in 2011 . the decline reflected the regulatory impact of lower interchange fees on debit card transactions partially offset by customer growth . as further discussed in the retail banking portion of the business segments review section of this item 7 , the dodd-frank limits on interchange rates were effective october 1 , 2011 and had a negative impact on revenue of approximately $ 314 million in 2012 and $ 75 million in 2011 . this impact was partially offset by higher volumes of merchant , customer credit card and debit card transactions and the impact of the rbc bank ( usa ) acquisition . corporate services revenue increased by $ .3 billion , or 30 percent , to $ 1.2 billion in 2012 compared with $ .9 billion in 2011 due to higher commercial mortgage servicing revenue and higher merger and acquisition advisory fees in 2012 . the major components of corporate services revenue are treasury management revenue , corporate finance fees , including revenue from capital markets-related products and services , and commercial mortgage servicing revenue , including commercial mortgage banking activities . see the product revenue portion of this consolidated income statement review for further detail . the pnc financial services group , inc . 2013 form 10-k 39 .
|
string
| null |
net_interest_margin_2012 = 3.94
net_interest_margin_2011 = 3.92
change = net_interest_margin_2012 - net_interest_margin_2011
answer = change
|
what is the change in millions of qualified defined benefit pension plans expected to be paid out between 2017 to 2018?
|
80
|
CodeFinQA
|
contributions and expected benefit payments the funding of our qualified defined benefit pension plans is determined in accordance with erisa , as amended by the ppa , and in a manner consistent with cas and internal revenue code rules . in 2015 , we made $ 5 million in contributions to our new sikorsky bargained qualified defined benefit pension plan and we plan to make approximately $ 25 million in contributions to this plan in 2016 . the following table presents estimated future benefit payments , which reflect expected future employee service , as of december 31 , 2015 ( in millions ) : .
| | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 - 2025 |
| :--- | :--- | :--- | :--- | :--- | :--- | :--- |
| Qualified defined benefit pension plans | $2,160 | $2,240 | $2,320 | $2,410 | $2,500 | $13,670 |
| Retiree medical and life insurance plans | 190 | 190 | 200 | 200 | 200 | 940 |
defined contribution plans we maintain a number of defined contribution plans , most with 401 ( k ) features , that cover substantially all of our employees . under the provisions of our 401 ( k ) plans , we match most employees 2019 eligible contributions at rates specified in the plan documents . our contributions were $ 393 million in 2015 , $ 385 million in 2014 and $ 383 million in 2013 , the majority of which were funded in our common stock . our defined contribution plans held approximately 40.0 million and 41.7 million shares of our common stock as of december 31 , 2015 and 2014 . note 12 2013 stockholders 2019 equity at december 31 , 2015 and 2014 , our authorized capital was composed of 1.5 billion shares of common stock and 50 million shares of series preferred stock . of the 305 million shares of common stock issued and outstanding as of december 31 , 2015 , 303 million shares were considered outstanding for balance sheet presentation purposes ; the remaining shares were held in a separate trust . of the 316 million shares of common stock issued and outstanding as of december 31 , 2014 , 314 million shares were considered outstanding for balance sheet presentation purposes ; the remaining shares were held in a separate trust . no shares of preferred stock were issued and outstanding at december 31 , 2015 or 2014 . repurchases of common stock during 2015 , we repurchased 15.2 million shares of our common stock for $ 3.1 billion . during 2014 and 2013 , we paid $ 1.9 billion and $ 1.8 billion to repurchase 11.5 million and 16.2 million shares of our common stock . on september 24 , 2015 , our board of directors approved a $ 3.0 billion increase to our share repurchase program . inclusive of this increase , the total remaining authorization for future common share repurchases under our program was $ 3.6 billion as of december 31 , 2015 . as we repurchase our common shares , we reduce common stock for the $ 1 of par value of the shares repurchased , with the excess purchase price over par value recorded as a reduction of additional paid-in capital . due to the volume of repurchases made under our share repurchase program , additional paid-in capital was reduced to zero , with the remainder of the excess purchase price over par value of $ 2.4 billion and $ 1.1 billion recorded as a reduction of retained earnings in 2015 and 2014 . we paid dividends totaling $ 1.9 billion ( $ 6.15 per share ) in 2015 , $ 1.8 billion ( $ 5.49 per share ) in 2014 and $ 1.5 billion ( $ 4.78 per share ) in 2013 . we have increased our quarterly dividend rate in each of the last three years , including a 10% ( 10 % ) increase in the quarterly dividend rate in the fourth quarter of 2015 . we declared quarterly dividends of $ 1.50 per share during each of the first three quarters of 2015 and $ 1.65 per share during the fourth quarter of 2015 ; $ 1.33 per share during each of the first three quarters of 2014 and $ 1.50 per share during the fourth quarter of 2014 ; and $ 1.15 per share during each of the first three quarters of 2013 and $ 1.33 per share during the fourth quarter of 2013. .
|
string
| null |
increase_2017_2018 = 80
answer = increase_2017_2018
|
what was the percentage change in the redeemable noncontrolling interests from 2009 to 2010
|
6.0999999046
|
CodeFinQA
|
vornado realty trust notes to consolidated financial statements ( continued ) 10 . redeemable noncontrolling interests - continued redeemable noncontrolling interests on our consolidated balance sheets are recorded at the greater of their carrying amount or redemption value at the end of each reporting period . changes in the value from period to period are charged to 201cadditional capital 201d in our consolidated statements of changes in equity . below is a table summarizing the activity of redeemable noncontrolling interests . ( amounts in thousands ) .
| Balance at December 31, 2009 | $1,251,628 |
| :--- | :--- |
| Net income | 55,228 |
| Distributions | (53,515) |
| Conversion of Class A units into common shares, at redemption value | (126,764) |
| Adjustment to carry redeemable Class A units at redemption value | 191,826 |
| Redemption of Series D-12 redeemable units | (13,000) |
| Other, net | 22,571 |
| Balance at December 31, 2010 | 1,327,974 |
| Net income | 55,912 |
| Distributions | (50,865) |
| Conversion of Class A units into common shares, at redemption value | (64,830) |
| Adjustment to carry redeemable Class A units at redemption value | (98,092) |
| Redemption of Series D-11 redeemable units | (28,000) |
| Other, net | 18,578 |
| Balance at December 31, 2011 | $1,160,677 |
redeemable noncontrolling interests exclude our series g convertible preferred units and series d-13 cumulative redeemable preferred units , as they are accounted for as liabilities in accordance with asc 480 , distinguishing liabilities and equity , because of their possible settlement by issuing a variable number of vornado common shares . accordingly , the fair value of these units is included as a component of 201cother liabilities 201d on our consolidated balance sheets and aggregated $ 54865000 and $ 55097000 as of december 31 , 2011 and 2010 , respectively. .
|
string
| null |
interests_2010 = 1327974
interests_2009 = 1251628
change = interests_2010 - interests_2009
percent_change = change / interests_2009
answer = percent_change * 100
|
what percent of total contractual obligations and commitments as of december 31 , 2012 are long-term debt?
|
72
|
CodeFinQA
|
contractual obligations fis 2019 long-term contractual obligations generally include its long-term debt , interest on long-term debt , lease payments on certain of its property and equipment and payments for data processing and maintenance . for more descriptive information regarding the company's long-term debt , see note 13 in the notes to consolidated financial statements . the following table summarizes fis 2019 significant contractual obligations and commitments as of december 31 , 2012 ( in millions ) : less than 1-3 3-5 more than total 1 year years years 5 years .
| | Total | Less than 1 Year | 1-3 Years | 3-5 Years | More than 5 Years |
| :--- | :--- | :--- | :--- | :--- | :--- |
| Long-term debt | $4,385.5 | $153.9 | $757.1 | $2,274.5 | $1,200.0 |
| Interest(1) | 1,137.6 | 200.4 | 372.9 | 288.8 | 275.5 |
| Operating leases | 226.6 | 55.0 | 96.2 | 46.4 | 29.0 |
| Data processing and maintenance | 246.7 | 131.7 | 78.9 | 28.4 | 7.7 |
| Other contractual obligations (2) | 100.7 | 18.8 | 52.0 | 10.6 | 19.3 |
| Total | $6,097.1 | $559.8 | $1,357.1 | $2,648.7 | $1,531.5 |
( 1 ) these calculations assume that : ( a ) applicable margins remain constant ; ( b ) all variable rate debt is priced at the one-month libor rate in effect as of december 31 , 2012 ; ( c ) no new hedging transactions are effected ; ( d ) only mandatory debt repayments are made ; and ( e ) no refinancing occurs at debt maturity . ( 2 ) amount includes the payment for labor claims related to fis' former item processing and remittance operations in brazil ( see note 3 to the consolidated financial statements ) and amounts due to the brazilian venture partner . fis believes that its existing cash balances , cash flows from operations and borrowing programs will provide adequate sources of liquidity and capital resources to meet fis 2019 expected short-term liquidity needs and its long-term needs for the operations of its business , expected capital spending for the next 12 months and the foreseeable future and the satisfaction of these obligations and commitments . off-balance sheet arrangements fis does not have any off-balance sheet arrangements . item 7a . quantitative and qualitative disclosure about market risks market risk we are exposed to market risks primarily from changes in interest rates and foreign currency exchange rates . we use certain derivative financial instruments , including interest rate swaps and foreign currency forward exchange contracts , to manage interest rate and foreign currency risk . we do not use derivatives for trading purposes , to generate income or to engage in speculative activity . interest rate risk in addition to existing cash balances and cash provided by operating activities , we use fixed rate and variable rate debt to finance our operations . we are exposed to interest rate risk on these debt obligations and related interest rate swaps . the notes ( as defined in note 13 to the consolidated financial statements ) represent substantially all of our fixed-rate long-term debt obligations . the carrying value of the notes was $ 1950.0 million as of december 31 , 2012 . the fair value of the notes was approximately $ 2138.2 million as of december 31 , 2012 . the potential reduction in fair value of the notes from a hypothetical 10 percent increase in market interest rates would not be material to the overall fair value of the debt . our floating rate long-term debt obligations principally relate to borrowings under the fis credit agreement ( as also defined in note 13 to the consolidated financial statements ) . an increase of 100 basis points in the libor rate would increase our annual debt service under the fis credit agreement , after we include the impact of our interest rate swaps , by $ 9.3 million ( based on principal amounts outstanding as of december 31 , 2012 ) . we performed the foregoing sensitivity analysis based on the principal amount of our floating rate debt as of december 31 , 2012 , less the principal amount of such debt that was then subject to an interest rate swap converting such debt into fixed rate debt . this sensitivity analysis is based solely on .
|
string
| null |
long_term_debt = 4385.5
total_contractual_obligations = 6097.1
percent_long_term_debt = long_term_debt / total_contractual_obligations
answer = percent_long_term_debt * 100
|
what is the total value of granted options in 2007 , in millions?
|
153.8000030518
|
CodeFinQA
|
stock options 2005 stock and incentive plan in june 2005 , the stockholders of the company approved the 2005 stock and incentive plan ( the 2005 stock plan ) . upon adoption of the 2005 stock plan , issuance of options under the company 2019s existing 2000 stock plan ceased . additionally , in connection with the acquisition of solexa , the company assumed stock options granted under the 2005 solexa equity incentive plan ( the 2005 solexa equity plan ) . as of december 30 , 2007 , an aggregate of up to 13485619 shares of the company 2019s common stock were reserved for issuance under the 2005 stock plan and the 2005 solexa equity plan . the 2005 stock plan provides for an automatic annual increase in the shares reserved for issuance by the lesser of 5% ( 5 % ) of outstanding shares of the company 2019s common stock on the last day of the immediately preceding fiscal year , 1200000 shares or such lesser amount as determined by the company 2019s board of directors . as of december 30 , 2007 , options to purchase 1834384 shares remained available for future grant under the 2005 stock plan and 2005 solexa equity plan . the company 2019s stock option activity under all stock option plans from january 2 , 2005 through december 30 , 2007 is as follows : options weighted- average exercise price .
| | Options | Weighted- Average Exercise Price |
| :--- | :--- | :--- |
| Outstanding at January 2, 2005 | 6,205,020 | $6.99 |
| Granted | 2,992,300 | $10.02 |
| Exercised | (869,925) | $4.66 |
| Cancelled | (1,001,964) | $11.00 |
| Outstanding at January 1, 2006 | 7,325,431 | $7.96 |
| Granted | 2,621,050 | $27.24 |
| Exercised | (1,273,119) | $7.28 |
| Cancelled | (314,242) | $12.44 |
| Outstanding at December 31, 2006 | 8,359,120 | $13.94 |
| Options assumed through business combination | 1,424,332 | $21.37 |
| Granted | 3,784,508 | $40.64 |
| Exercised | (2,179,286) | $12.06 |
| Cancelled | (964,740) | $22.38 |
| Outstanding at December 30, 2007 | 10,423,934 | $24.26 |
illumina , inc . notes to consolidated financial statements 2014 ( continued ) .
|
string
| null |
shares_granted = 3784508
price = 40.64
value = shares_granted * price
answer = value / 1000000
|
for rdus vested daily on a pro rata basis over the three-year period from january 1 , 2012 , what was the average rdus vesting each year through december 31 , 2014?\\n\\n[13] : as of december 31 , 2014 , 28500 rdus were outstanding .
|
9500
|
CodeFinQA
|
related employer payroll tax costs ) . the contributions of these amounts are due by march 15 of the calendar year following the year in which the company realizes the benefits of the deductions . this arrangement has been accounted for as contingent consideration . pre-2009 business combinations were accounted for under a former accounting standard which , among other aspects , precluded the recognition of certain contingent consideration as of the business combination date . instead , under the former accounting standard , contingent consideration is accounted for as additional purchase price ( goodwill ) at the time the contingency is resolved . as of december 31 , 2013 , the company accrued $ 20.9 million related to this arrangement within other current liabilities , as the company realized the tax benefit of the compensation deductions during the 2013 tax year . the company made the related cash contribution during the first quarter of 2014 . 11 . earnings per share the numerator for both basic and diluted earnings per share is net income . the denominator for basic earnings per share is the weighted-average number of common shares outstanding during the period . the 2013 denominator was impacted by the common shares issued during both the ipo and the underwriters' exercise in full of the overallotment option granted to them in connection with the ipo . because such common shares were issued on july 2 , 2013 and july 31 , 2013 , respectively , they are only partially reflected in the 2013 denominator . such shares are fully reflected in the 2014 denominator . see note 9 for additional discussion of the ipo . the dilutive effect of outstanding restricted stock , restricted stock units , stock options , coworker stock purchase plan units and mpk plan units is reflected in the denominator for diluted earnings per share using the treasury stock method . the following is a reconciliation of basic shares to diluted shares: .
| | Years Ended December 31, |
| :--- | :--- |
| (in millions) | 2014 | 2013 | 2012 |
| Weighted-average shares - basic | 170.6 | 156.6 | 145.1 |
| Effect of dilutive securities | 2.2 | 2.1 | 0.7 |
| Weighted-average shares - diluted | 172.8 | 158.7 | 145.8 |
there was an insignificant amount of potential common shares excluded from diluted earnings per share for the years ended december 31 , 2014 , 2013 and 2012 , as their inclusion would have had an anti-dilutive effect . 12 . deferred compensation plan on march 10 , 2010 , in connection with the company 2019s purchase of $ 28.5 million principal amount of its outstanding senior subordinated debt , the company established the restricted debt unit plan ( the 201crdu plan 201d ) , an unfunded nonqualified deferred compensation plan . the total number of rdus that could be granted under the rdu plan was 28500 . as of december 31 , 2014 , 28500 rdus were outstanding . rdus vested daily on a pro rata basis over the three-year period from january 1 , 2012 ( or , if later , the date of hire or the date of a subsequent rdu grant ) through december 31 , 2014 . all outstanding rdus were vested as of december 31 , 2014 . participants have no rights to the underlying debt . the total amount of compensation available to be paid under the rdu plan was initially to be based on two components , a principal component and an interest component . the principal component credits the rdu plan with a notional amount equal to the $ 28.5 million face value of the senior subordinated notes ( the "debt pool" ) , together with certain redemption premium equivalents as noted below . the interest component credited the rdu plan with amounts equal to the interest that would have been earned on the debt pool from march 10 , 2010 through maturity on october 12 , 2017 , except as discussed below . interest amounts for 2010 and 2011 were deferred until 2012 , and thereafter , interest amounts were paid to participants semi-annually on the interest payment due dates . the company used a portion of the ipo proceeds together with incremental borrowings to redeem $ 324.0 million of the total senior subordinated notes outstanding on august 1 , 2013 . in connection with the ipo and the partial redemption of the senior subordinated notes , the company amended the rdu plan to increase the retentive value of the plan . in accordance with the original terms of the rdu plan , the principal component of the rdus converted to a cash-denominated pool upon the redemption of the senior subordinated notes . in addition , the company added $ 0.1 table of contents cdw corporation and subsidiaries notes to consolidated financial statements .
|
string
| null |
rdus_outstanding = 28500
rdus_vested_daily = rdus_outstanding / 3
answer = rdus_vested_daily
|
what is the net change in net revenue during 2003 for entergy gulf states , inc.?
|
20.6000003815
|
CodeFinQA
|
entergy gulf states , inc . management's financial discussion and analysis .
| | (In Millions) |
| :--- | :--- |
| 2002 net revenue | $1,130.7 |
| Volume/weather | 17.8 |
| Fuel write-offs in 2002 | 15.3 |
| Net wholesale revenue | 10.2 |
| Base rate decreases | (23.3) |
| NISCO gain recognized in 2002 | (15.2) |
| Rate refund provisions | (11.3) |
| Other | (14.1) |
| 2003 net revenue | $1,110.1 |
the volume/weather variance was due to higher electric sales volume in the service territory . billed usage increased a total of 517 gwh in the residential and commercial sectors . the increase was partially offset by a decrease in industrial usage of 470 gwh due to the loss of two large industrial customers to cogeneration . the customers accounted for approximately 1% ( 1 % ) of entergy gulf states' net revenue in 2002 . in 2002 , deferred fuel costs of $ 8.9 million related to a texas fuel reconciliation case were written off and $ 6.5 million in expense resulted from an adjustment in the deregulated asset plan percentage as the result of a power uprate at river bend . the increase in net wholesale revenue was primarily due to an increase in sales volume to municipal and co- op customers and also to affiliated systems related to entergy's generation resource planning . the base rate decreases were effective june 2002 and january 2003 , both in the louisiana jurisdiction . the january 2003 base rate decrease of $ 22.1 million had a minimal impact on net income due to a corresponding reduction in nuclear depreciation and decommissioning expenses associated with the change in accounting to reflect an assumed extension of river bend's useful life . in 2002 , a gain of $ 15.2 million was recognized for the louisiana portion of the 1988 nelson units 1 and 2 sale . entergy gulf states received approval from the lpsc to discontinue applying amortization of the gain against recoverable fuel , resulting in the recognition of the deferred gain in income . rate refund provisions caused a decrease in net revenue due to additional provisions recorded in 2003 compared to 2002 for potential rate actions and refunds . gross operating revenues and fuel and purchased power expenses gross operating revenues increased primarily due to an increase of $ 440.2 million in fuel cost recovery revenues as a result of higher fuel rates in both the louisiana and texas jurisdictions . fuel and purchased power expenses increased $ 471.1 million due to an increase in the market prices of natural gas and purchased power . other income statement variances 2004 compared to 2003 other operation and maintenance expenses decreased primarily due to : 2022 voluntary severance program accruals of $ 22.5 million in 2003 ; and 2022 a decrease of $ 4.3 million in nuclear material and labor costs due to reduced staff in 2004. .
|
string
| null |
net_revenue_2003 = 1110.1
net_revenue_2002 = 1130.7
change = net_revenue_2003 - net_revenue_2002
answer = change
|
what portion of the securities approved by security holders is to be issued upon exercise of outstanding options and rights?
|
20.1000003815
|
CodeFinQA
|
the goldman sachs group , inc . and subsidiaries item 9 . changes in and disagreements with accountants on accounting and financial disclosure there were no changes in or disagreements with accountants on accounting and financial disclosure during the last two years . item 9a . controls and procedures as of the end of the period covered by this report , an evaluation was carried out by goldman sachs 2019 management , with the participation of our chief executive officer and chief financial officer , of the effectiveness of our disclosure controls and procedures ( as defined in rule 13a-15 ( e ) under the exchange act ) . based upon that evaluation , our chief executive officer and chief financial officer concluded that these disclosure controls and procedures were effective as of the end of the period covered by this report . in addition , no change in our internal control over financial reporting ( as defined in rule 13a-15 ( f ) under the exchange act ) occurred during the fourth quarter of our year ended december 31 , 2018 that has materially affected , or is reasonably likely to materially affect , our internal control over financial reporting . management 2019s report on internal control over financial reporting and the report of independent registered public accounting firm are set forth in part ii , item 8 of this form 10-k . item 9b . other information not applicable . part iii item 10 . directors , executive officers and corporate governance information relating to our executive officers is included on page 20 of this form 10-k . information relating to our directors , including our audit committee and audit committee financial experts and the procedures by which shareholders can recommend director nominees , and our executive officers will be in our definitive proxy statement for our 2019 annual meeting of shareholders , which will be filed within 120 days of the end of 2018 ( 2019 proxy statement ) and is incorporated in this form 10-k by reference . information relating to our code of business conduct and ethics , which applies to our senior financial officers , is included in 201cbusiness 2014 available information 201d in part i , item 1 of this form 10-k . item 11 . executive compensation information relating to our executive officer and director compensation and the compensation committee of the board will be in the 2019 proxy statement and is incorporated in this form 10-k by reference . item 12 . security ownership of certain beneficial owners and management and related stockholder matters information relating to security ownership of certain beneficial owners of our common stock and information relating to the security ownership of our management will be in the 2019 proxy statement and is incorporated in this form 10-k by reference . the table below presents information as of december 31 , 2018 regarding securities to be issued pursuant to outstanding restricted stock units ( rsus ) and securities remaining available for issuance under our equity compensation plans that were in effect during 2018 . plan category securities to be issued exercise of outstanding options and rights ( a ) weighted average exercise price of outstanding options ( b ) securities available for future issuance under equity compensation plans ( c ) equity compensation plans approved by security holders 17176475 n/a 68211649 equity compensation plans not approved by security holders 2013 2013 2013 .
| Plan Category | Securities to be Issued Upon Exercise of Outstanding Options and Rights (a) | Weighted Average Exercise Price of Outstanding Options (b) | Securities Available For Future Issuance Under Equity Compensation Plans (c) |
| :--- | :--- | :--- | :--- |
| Equity compensation plans approved by security holders | 17,176,475 | N/A | 68,211,649 |
| Equity compensation plans not approved by securityholders | β | β | β |
| Total | 17,176,475 | | 68,211,649 |
in the table above : 2030 securities to be issued upon exercise of outstanding options and rights includes 17176475 shares that may be issued pursuant to outstanding rsus . these awards are subject to vesting and other conditions to the extent set forth in the respective award agreements , and the underlying shares will be delivered net of any required tax withholding . as of december 31 , 2018 , there were no outstanding options . 2030 shares underlying rsus are deliverable without the payment of any consideration , and therefore these awards have not been taken into account in calculating the weighted average exercise price . 196 goldman sachs 2018 form 10-k .
|
string
| null |
shares_issuable = 17176475
shares_total = 17176475 + 68211649
percent_issuable = shares_issuable / shares_total
answer = percent_issuable * 100
|
what was the percent of the company aggregate principal payments due in 2006
|
14.8999996185
|
CodeFinQA
|
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) 19 . subsequent events 12.25% ( 12.25 % ) senior subordinated discount notes and warrants offering 2014in january 2003 , the company issued 808000 units , each consisting of ( 1 ) $ 1000 principal amount at maturity of the 12.25% ( 12.25 % ) senior subordinated discount notes due 2008 of a wholly owned subsidiary of the company ( ati notes ) and ( 2 ) a warrant to purchase 14.0953 shares of class a common stock of the company , for gross proceeds of $ 420.0 million . the gross offering proceeds were allocated between the ati notes ( $ 367.4 million ) and the fair value of the warrants ( $ 52.6 million ) . net proceeds from the offering aggregated approximately $ 397.0 million and were or will be used for the purposes described below under amended and restated loan agreement . the ati notes accrue no cash interest . instead , the accreted value of each ati note will increase between the date of original issuance and maturity ( august 1 , 2008 ) at a rate of 12.25% ( 12.25 % ) per annum . the 808000 warrants that were issued together with the ati notes each represent the right to purchase 14.0953 shares of class a common stock at $ 0.01 per share . the warrants are exercisable at any time on or after january 29 , 2006 and will expire on august 1 , 2008 . as of the issuance date , the warrants represented approximately 5.5% ( 5.5 % ) of the company 2019s outstanding common stock ( assuming exercise of all warrants ) . the indenture governing the ati notes contains covenants that , among other things , limit the ability of the issuer subsidiary and its guarantors to incur or guarantee additional indebtedness , create liens , pay dividends or make other equity distributions , enter into agreements restricting the restricted subsidiaries 2019 ability to pay dividends , purchase or redeem capital stock , make investments and sell assets or consolidate or merge with or into other companies . the ati notes rank junior in right of payment to all existing and future senior indebtedness , including all indebtedness outstanding under the credit facilities , and are structurally senior in right of payment to all existing and future indebtedness of the company . amended and restated loan agreement 2014on february 21 , 2003 , the company completed an amendment to its credit facilities . the amendment provides for the following : 2022 prepayment of a portion of outstanding term loans . the company agreed to prepay an aggregate of $ 200.0 million of the term loans outstanding under the credit facilities from a portion of the net proceeds of the ati notes offering completed in january 2003 . this prepayment consisted of a $ 125.0 million prepayment of the term loan a and a $ 75.0 million prepayment of the term loan b , each to be applied to reduce future scheduled principal payments . giving effect to the prepayment of $ 200.0 million of term loans under the credit facility and the issuance of the ati notes as discussed above as well as the paydown of debt from net proceeds of the sale of mtn ( $ 24.5 million in february 2003 ) , the company 2019s aggregate principal payments of long- term debt , including capital leases , for the next five years and thereafter are as follows ( in thousands ) : year ending december 31 .
| 2003 | $268,496 |
| :--- | :--- |
| 2004 | 131,262 |
| 2005 | 195,082 |
| 2006 | 538,479 |
| 2007 | 1,065,437 |
| Thereafter | 1,408,783 |
| Total | $3,607,539 |
.
|
string
| null |
percent_due_2006 = 538479 / 3607539
answer = percent_due_2006 * 100
|
what was the minimum allowance for other funds used during construction in the table?
|
15
|
CodeFinQA
|
investment tax credits have been deferred by the regulated utility subsidiaries and are being amortized to income over the average estimated service lives of the related assets . the company recognizes accrued interest and penalties related to tax positions as a component of income tax expense and accounts for sales tax collected from customers and remitted to taxing authorities on a net basis . see note 14 2014income taxes for additional information . allowance for funds used during construction afudc is a non-cash credit to income with a corresponding charge to utility plant that represents the cost of borrowed funds or a return on equity funds devoted to plant under construction . the regulated utility subsidiaries record afudc to the extent permitted by the pucs . the portion of afudc attributable to borrowed funds is shown as a reduction of interest , net on the consolidated statements of operations . any portion of afudc attributable to equity funds would be included in other , net on the consolidated statements of operations . afudc is provided in the following table for the years ended december 31: .
| | 2018 | 2017 | 2016 |
| :--- | :--- | :--- | :--- |
| Allowance for other funds used during construction | $24 | $19 | $15 |
| Allowance for borrowed funds used during construction | 13 | 8 | 6 |
environmental costs the company 2019s water and wastewater operations and the operations of its market-based businesses are subject to u.s . federal , state , local and foreign requirements relating to environmental protection , and as such , the company periodically becomes subject to environmental claims in the normal course of business . environmental expenditures that relate to current operations or provide a future benefit are expensed or capitalized as appropriate . remediation costs that relate to an existing condition caused by past operations are accrued , on an undiscounted basis , when it is probable that these costs will be incurred and can be reasonably estimated . a conservation agreement entered into by a subsidiary of the company with the national oceanic and atmospheric administration in 2010 and amended in 2017 required the subsidiary to , among other provisions , implement certain measures to protect the steelhead trout and its habitat in the carmel river watershed in the state of california . the subsidiary agreed to pay $ 1 million annually commencing in 2010 with the final payment being made in 2021 . remediation costs accrued amounted to $ 4 million and $ 6 million as of december 31 , 2018 and 2017 , respectively . derivative financial instruments the company uses derivative financial instruments for purposes of hedging exposures to fluctuations in interest rates . these derivative contracts are entered into for periods consistent with the related underlying exposures and do not constitute positions independent of those exposures . the company does not enter into derivative contracts for speculative purposes and does not use leveraged instruments . all derivatives are recognized on the balance sheet at fair value . on the date the derivative contract is entered into , the company may designate the derivative as a hedge of the fair value of a recognized asset or liability ( fair-value hedge ) or a hedge of a forecasted transaction or of the variability of cash flows to be received or paid related to a recognized asset or liability ( cash-flow hedge ) . changes in the fair value of a fair-value hedge , along with the gain or loss on the underlying hedged item , are recorded in current-period earnings . the gains and losses on the effective portion of cash-flow hedges are recorded in other comprehensive income , until earnings are affected by the variability of cash flows . any ineffective portion of designated cash-flow hedges is recognized in current-period earnings. .
|
string
| null |
table_row = [24, 19, 15] # row labeled allowance for other funds used during construction
a = min(table_row)
|
what was the change in billions of hqla from dec . 31 , 2016 to dec . 31 , 2017?
|
42.7000007629
|
CodeFinQA
|
liquidity monitoring and measurement stress testing liquidity stress testing is performed for each of citi 2019s major entities , operating subsidiaries and/or countries . stress testing and scenario analyses are intended to quantify the potential impact of an adverse liquidity event on the balance sheet and liquidity position , and to identify viable funding alternatives that can be utilized . these scenarios include assumptions about significant changes in key funding sources , market triggers ( such as credit ratings ) , potential uses of funding and geopolitical and macroeconomic conditions . these conditions include expected and stressed market conditions as well as company-specific events . liquidity stress tests are conducted to ascertain potential mismatches between liquidity sources and uses over a variety of time horizons and over different stressed conditions . liquidity limits are set accordingly . to monitor the liquidity of an entity , these stress tests and potential mismatches are calculated with varying frequencies , with several tests performed daily . given the range of potential stresses , citi maintains contingency funding plans on a consolidated basis and for individual entities . these plans specify a wide range of readily available actions for a variety of adverse market conditions or idiosyncratic stresses . short-term liquidity measurement : liquidity coverage ratio ( lcr ) in addition to internal liquidity stress metrics that citi has developed for a 30-day stress scenario , citi also monitors its liquidity by reference to the lcr , as calculated pursuant to the u.s . lcr rules . generally , the lcr is designed to ensure that banks maintain an adequate level of hqla to meet liquidity needs under an acute 30-day stress scenario . the lcr is calculated by dividing hqla by estimated net outflows over a stressed 30-day period , with the net outflows determined by applying prescribed outflow factors to various categories of liabilities , such as deposits , unsecured and secured wholesale borrowings , unused lending commitments and derivatives- related exposures , partially offset by inflows from assets maturing within 30 days . banks are required to calculate an add-on to address potential maturity mismatches between contractual cash outflows and inflows within the 30-day period in determining the total amount of net outflows . the minimum lcr requirement is 100% ( 100 % ) , effective january 2017 . pursuant to the federal reserve board 2019s final rule regarding lcr disclosures , effective april 1 , 2017 , citi began to disclose lcr in the prescribed format . the table below sets forth the components of citi 2019s lcr calculation and hqla in excess of net outflows for the periods indicated : in billions of dollars dec . 31 , sept . 30 , dec . 31 .
| In billions of dollars | Dec. 31, 2017 | Sept. 30, 2017 | Dec. 31, 2016 |
| :--- | :--- | :--- | :--- |
| HQLA | $446.4 | $448.6 | $403.7 |
| Net outflows | 364.3 | 365.1 | 332.5 |
| LCR | 123% | 123% | 121% |
| HQLA in excess of net outflows | $82.1 | $83.5 | $71.3 |
note : amounts set forth in the table above are presented on an average basis . as set forth in the table above , citi 2019s lcr increased year- over-year , as the increase in the hqla ( as discussed above ) more than offset an increase in modeled net outflows . the increase in modeled net outflows was primarily driven by changes in assumptions , including changes in methodology to better align citi 2019s outflow assumptions with those embedded in its resolution planning . sequentially , citi 2019s lcr remained unchanged . long-term liquidity measurement : net stable funding ratio ( nsfr ) in 2016 , the federal reserve board , the fdic and the occ issued a proposed rule to implement the basel iii nsfr requirement . the u.s.-proposed nsfr is largely consistent with the basel committee 2019s final nsfr rules . in general , the nsfr assesses the availability of a bank 2019s stable funding against a required level . a bank 2019s available stable funding would include portions of equity , deposits and long-term debt , while its required stable funding would be based on the liquidity characteristics of its assets , derivatives and commitments . prescribed factors would be required to be applied to the various categories of asset and liabilities classes . the ratio of available stable funding to required stable funding would be required to be greater than 100% ( 100 % ) . while citi believes that it is compliant with the proposed u.s . nsfr rules as of december 31 , 2017 , it will need to evaluate a final version of the rules , which are expected to be released during 2018 . citi expects that the nsfr final rules implementation period will be communicated along with the final version of the rules. .
|
string
| null |
hqla_2017 = 446.4
hqla_2016 = 403.7
change = hqla_2017 - hqla_2016
answer = change
|
what is the total value of the issued securities approved by security holders , ( in millions ) ?
|
498
|
CodeFinQA
|
item 12 . security ownership of certain beneficial owners and management and related stockholder matters . the information required by item 12 is included under the heading 201csecurity ownership of management and certain beneficial owners 201d in the 2017 proxy statement , and that information is incorporated by reference in this form 10-k . equity compensation plan information the following table provides information about our equity compensation plans that authorize the issuance of shares of lockheed martin common stock to employees and directors . the information is provided as of december 31 , 2016 . plan category number of securities to be issued exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders ( 1 ) 5802673 $ 85.82 6216471 equity compensation plans not approved by security holders ( 2 ) 1082347 2014 2481032 .
| Plan category | Number of securities to beissued upon exercise of outstanding options, warrants and rights (a) | Weighted-average exercise price of outstanding options, warrants and rights (b) | Number of securities remaining availablefor future issuance under equity compensation plans (excluding securities reflected in column (a)) (c) |
| :--- | :--- | :--- | :--- |
| Equity compensation plans approved by securityholders<sup>(1)</sup> | 5,802,673 | $85.82 | 6,216,471 |
| Equity compensation plans not approved bysecurity holders<sup>(2)</sup> | 1,082,347 | β | 2,481,032 |
| Total | 6,885,020 | $85.82 | 8,697,503 |
( 1 ) column ( a ) includes , as of december 31 , 2016 : 1747151 shares that have been granted as restricted stock units ( rsus ) , 936308 shares that could be earned pursuant to grants of performance stock units ( psus ) ( assuming the maximum number of psus are earned and payable at the end of the three-year performance period ) and 2967046 shares granted as options under the lockheed martin corporation 2011 incentive performance award plan ( 2011 ipa plan ) or predecessor plans prior to january 1 , 2013 and 23346 shares granted as options and 128822 stock units payable in stock or cash under the lockheed martin corporation 2009 directors equity plan ( directors equity plan ) or predecessor plans for members ( or former members ) of the board of directors . column ( c ) includes , as of december 31 , 2016 , 5751655 shares available for future issuance under the 2011 ipa plan as options , stock appreciation rights ( sars ) , restricted stock awards ( rsas ) , rsus or psus and 464816 shares available for future issuance under the directors equity plan as stock options and stock units . of the 5751655 shares available for grant under the 2011 ipa plan on december 31 , 2016 , 516653 and 236654 shares are issuable pursuant to grants made on january 26 , 2017 , of rsus and psus ( assuming the maximum number of psus are earned and payable at the end of the three-year performance period ) , respectively . the weighted average price does not take into account shares issued pursuant to rsus or psus . ( 2 ) the shares represent annual incentive bonuses and long-term incentive performance ( ltip ) payments earned and voluntarily deferred by employees . the deferred amounts are payable under the deferred management incentive compensation plan ( dmicp ) . deferred amounts are credited as phantom stock units at the closing price of our stock on the date the deferral is effective . amounts equal to our dividend are credited as stock units at the time we pay a dividend . following termination of employment , a number of shares of stock equal to the number of stock units credited to the employee 2019s dmicp account are distributed to the employee . there is no discount or value transfer on the stock distributed . distributions may be made from newly issued shares or shares purchased on the open market . historically , all distributions have come from shares held in a separate trust and , therefore , do not further dilute our common shares outstanding . as a result , these shares also were not considered in calculating the total weighted average exercise price in the table . because the dmicp shares are outstanding , they should be included in the denominator ( and not the numerator ) of a dilution calculation . item 13 . certain relationships and related transactions and director independence . the information required by this item 13 is included under the captions 201ccorporate governance 2013 related person transaction policy , 201d 201ccorporate governance 2013 certain relationships and related person transactions of directors , executive officers , and 5 percent stockholders , 201d and 201ccorporate governance 2013 director independence 201d in the 2017 proxy statement , and that information is incorporated by reference in this form 10-k . item 14 . principal accountant fees and services . the information required by this item 14 is included under the caption 201cproposal 2 2013 ratification of appointment of independent auditors 201d in the 2017 proxy statement , and that information is incorporated by reference in this form 10-k. .
|
string
| null |
shares_issued = 5802673
price = 85.82
value = shares_issued * price / 1000000
answer = value
|
what percentage of industrial packaging sales where represented by north american industrial packaging net sales in 2012?
|
87
|
CodeFinQA
|
areas exceeding 14.1 million acres ( 5.7 million hectares ) . products and brand designations appearing in italics are trademarks of international paper or a related company . industry segment results industrial packaging demand for industrial packaging products is closely correlated with non-durable industrial goods production , as well as with demand for processed foods , poultry , meat and agricultural products . in addition to prices and volumes , major factors affecting the profitability of industrial packaging are raw material and energy costs , freight costs , manufacturing efficiency and product mix . industrial packaging net sales and operating profits include the results of the temple-inland packaging operations from the date of acquisition in february 2012 and the results of the brazil packaging business from the date of acquisition in january 2013 . in addition , due to the acquisition of a majority share of olmuksa international paper sabanci ambalaj sanayi ve ticaret a.s. , ( now called olmuksan international paper or olmuksan ) net sales for our corrugated packaging business in turkey are included in the business segment totals beginning in the first quarter of 2013 and the operating profits reflect a higher ownership percentage than in previous years . net sales for 2013 increased 12% ( 12 % ) to $ 14.8 billion compared with $ 13.3 billion in 2012 , and 42% ( 42 % ) compared with $ 10.4 billion in 2011 . operating profits were 69% ( 69 % ) higher in 2013 than in 2012 and 57% ( 57 % ) higher than in 2011 . excluding costs associated with the acquisition and integration of temple-inland , the divestiture of three containerboard mills and other special items , operating profits in 2013 were 36% ( 36 % ) higher than in 2012 and 59% ( 59 % ) higher than in 2011 . benefits from the net impact of higher average sales price realizations and an unfavorable mix ( $ 749 million ) were offset by lower sales volumes ( $ 73 million ) , higher operating costs ( $ 64 million ) , higher maintenance outage costs ( $ 16 million ) and higher input costs ( $ 102 million ) . additionally , operating profits in 2013 include costs of $ 62 million associated with the integration of temple-inland , a gain of $ 13 million related to a bargain purchase adjustment on the acquisition of a majority share of our operations in turkey , and a net gain of $ 1 million for other items , while operating profits in 2012 included costs of $ 184 million associated with the acquisition and integration of temple-inland , mill divestiture costs of $ 91 million , costs associated with the restructuring of our european packaging business of $ 17 million and a $ 3 million gain for other items . industrial packaging .
| In millions | 2013 | 2012 | 2011 |
| :--- | :--- | :--- | :--- |
| Sales | $14,810 | $13,280 | $10,430 |
| Operating Profit | 1,801 | 1,066 | 1,147 |
north american industrial packaging net sales were $ 12.5 billion in 2013 compared with $ 11.6 billion in 2012 and $ 8.6 billion in 2011 . operating profits in 2013 were $ 1.8 billion ( both including and excluding costs associated with the integration of temple-inland and other special items ) compared with $ 1.0 billion ( $ 1.3 billion excluding costs associated with the acquisition and integration of temple-inland and mill divestiture costs ) in 2012 and $ 1.1 billion ( both including and excluding costs associated with signing an agreement to acquire temple-inland ) in 2011 . sales volumes decreased in 2013 compared with 2012 reflecting flat demand for boxes and the impact of commercial decisions . average sales price realizations were significantly higher mainly due to the realization of price increases for domestic containerboard and boxes . input costs were higher for wood , energy and recycled fiber . freight costs also increased . planned maintenance downtime costs were higher than in 2012 . manufacturing operating costs decreased , but were offset by inflation and higher overhead and distribution costs . the business took about 850000 tons of total downtime in 2013 of which about 450000 were market- related and 400000 were maintenance downtime . in 2012 , the business took about 945000 tons of total downtime of which about 580000 were market-related and about 365000 were maintenance downtime . operating profits in 2013 included $ 62 million of costs associated with the integration of temple-inland . operating profits in 2012 included $ 184 million of costs associated with the acquisition and integration of temple-inland and $ 91 million of costs associated with the divestiture of three containerboard mills . looking ahead to 2014 , compared with the fourth quarter of 2013 , sales volumes in the first quarter are expected to increase for boxes due to a higher number of shipping days offset by the impact from the severe winter weather events impacting much of the u.s . input costs are expected to be higher for energy , recycled fiber , wood and starch . planned maintenance downtime spending is expected to be about $ 51 million higher with outages scheduled at six mills compared with four mills in the 2013 fourth quarter . manufacturing operating costs are expected to be lower . however , operating profits will be negatively impacted by the adverse winter weather in the first quarter of 2014 . emea industrial packaging net sales in 2013 include the sales of our packaging operations in turkey which are now fully consolidated . net sales were $ 1.3 billion in 2013 compared with $ 1.0 billion in 2012 and $ 1.1 billion in 2011 . operating profits in 2013 were $ 43 million ( $ 32 .
|
string
| null |
doors_na = 11.6 * 1000
b = doors_na / 13280
answer = b * 100
|
based on the table , how much more square feet is owned outside the united states?
|
2731
|
CodeFinQA
|
item 2 : properties information concerning applied's properties at october 25 , 2015 is set forth below: .
| (Square feet in thousands) | United States | Other Countries | Total |
| :--- | :--- | :--- | :--- |
| Owned | 3,748 | 1,624 | 5,372 |
| Leased | 556 | 1,107 | 1,663 |
| Total | 4,304 | 2,731 | 7,035 |
because of the interrelation of applied's operations , properties within a country may be shared by the segments operating within that country . the company's headquarters offices are in santa clara , california . products in silicon systems are manufactured in austin , texas ; gloucester , massachusetts ; rehovot , israel ; and singapore . remanufactured equipment products in the applied global services segment are produced primarily in austin , texas . products in the display segment are manufactured in tainan , taiwan and santa clara , california . products in the energy and environmental solutions segment are primarily manufactured in alzenau , germany and treviso , italy . applied also owns and leases offices , plants and warehouse locations in many locations throughout the world , including in europe , japan , north america ( principally the united states ) , israel , china , india , korea , southeast asia and taiwan . these facilities are principally used for manufacturing ; research , development and engineering ; and marketing , sales and customer support . applied also owns a total of approximately 139 acres of buildable land in texas , california , israel and italy that could accommodate additional building space . applied considers the properties that it owns or leases as adequate to meet its current and future requirements . applied regularly assesses the size , capability and location of its global infrastructure and periodically makes adjustments based on these assessments. .
|
string
| null |
square_feet_other_countries = 7035 - 4304
answer = square_feet_other_countries
|
what was the change in billions of loans held-for-sale that are carried at locom in the level 2 category from 2007 to 2008?
|
4.3000001907
|
CodeFinQA
|
- the increase in level 3 short-term borrowings and long-term debt of $ 2.8 billion and $ 7.3 billion , respectively , resulted from transfers in of level 2 positions as prices and other valuation inputs became unobservable , plus the additions of new issuances for fair value accounting was elected . items measured at fair value on a nonrecurring basis certain assets and liabilities are measured at fair value on a nonrecurring basis and therefore are not included in the tables above . these include assets measured at cost that have been written down to fair value during the periods as a result of an impairment . in addition , assets such as loans held for sale that are measured at the lower of cost or market ( locom ) that were recognized at fair value below cost at the end of the period . the company recorded goodwill impairment charges of $ 9.6 billion as of december 31 , 2008 , as determined based on level 3 inputs . the primary cause of goodwill impairment was the overall weak industry outlook and continuing operating losses . these factors contributed to the overall decline in the stock price and the related market capitalization of citigroup . see note 19 , 201cgoodwill and intangible assets 201d on page 166 , for additional information on goodwill impairment . the company performed an impairment analysis of intangible assets related to the old lane multi-strategy hedge fund during the first quarter of 2008 . as a result , a pre-tax write-down of $ 202 million , representing the remaining unamortized balance of the intangible assets , was recorded during the first quarter of 2008 . the measurement of fair value was determined using level 3 input factors along with a discounted cash flow approach . during the fourth quarter of 2008 , the company performed an impairment analysis of japan's nikko asset management fund contracts which represent the rights to manage and collect fees on investor assets and are accounted for as indefinite-lived intangible assets . as a result , an impairment loss of $ 937 million pre-tax was recorded . the related fair value was determined using an income approach which relies on key drivers and future expectations of the business that are considered level 3 input factors . the fair value of loans measured on a locom basis is determined where possible using quoted secondary-market prices . such loans are generally classified in level 2 of the fair-value hierarchy given the level of activity in the market and the frequency of available quotes . if no such quoted price exists , the fair value of a loan is determined using quoted prices for a similar asset or assets , adjusted for the specific attributes of that loan . the following table presents all loans held-for-sale that are carried at locom as of december 31 , 2008 and december 31 , 2007 ( in billions ) : .
| | Aggregate cost | Fair value | Level 2 | Level 3 |
| :--- | :--- | :--- | :--- | :--- |
| December 31, 2008 | $3.1 | $2.1 | $0.8 | $1.3 |
| December 31, 2007 | 33.6 | 31.9 | 5.1 | 26.8 |
loans held-for-sale that are carried at locom as of december 31 , 2008 significantly declined compared to december 31 , 2007 because most of these loans were either sold or reclassified to held-for-investment category. .
|
string
| null |
level_2_2008 = 0.8
level_2_2007 = 5.1
change = level_2_2008 - level_2_2007
answer = change
|
as of december 31 , 2017 what was the percent of the entergy new orleans credit facility allowance for the for the issue letters of credit that was outstanding
|
8
|
CodeFinQA
|
the city council 2019s advisors and entergy new orleans . in february 2018 the city council approved the settlement , which deferred cost recovery to the 2018 entergy new orleans rate case , but also stated that an adjustment for 2018-2019 ami costs can be filed in the rate case and that , for all subsequent ami costs , the mechanism to be approved in the 2018 rate case will allow for the timely recovery of such costs . sources of capital entergy new orleans 2019s sources to meet its capital requirements include : 2022 internally generated funds ; 2022 cash on hand ; 2022 debt and preferred membership interest issuances ; and 2022 bank financing under new or existing facilities . entergy new orleans may refinance , redeem , or otherwise retire debt prior to maturity , to the extent market conditions and interest rates are favorable . entergy new orleans 2019s receivables from the money pool were as follows as of december 31 for each of the following years. .
| 2017 | 2016 | 2015 | 2014 |
| :--- | :--- | :--- | :--- |
| (In Thousands) |
| $12,723 | $14,215 | $15,794 | $442 |
see note 4 to the financial statements for a description of the money pool . entergy new orleans has a credit facility in the amount of $ 25 million scheduled to expire in november 2018 . the credit facility allows entergy new orleans to issue letters of credit against $ 10 million of the borrowing capacity of the facility . as of december 31 , 2017 , there were no cash borrowings and a $ 0.8 million letter of credit was outstanding under the facility . in addition , entergy new orleans is a party to an uncommitted letter of credit facility as a means to post collateral to support its obligations to miso . a0 as of december 31 , 2017 , a $ 1.4 million letter of credit was outstanding under entergy new orleans 2019s letter of credit a0facility . see note 4 to the financial statements for additional discussion of the credit facilities . entergy new orleans obtained authorization from the ferc through october 2019 for short-term borrowings not to exceed an aggregate amount of $ 150 million at any time outstanding and long-term borrowings and securities issuances . see note 4 to the financial statements for further discussion of entergy new orleans 2019s short-term borrowing limits . the long-term securities issuances of entergy new orleans are limited to amounts authorized not only by the ferc , but also by the city council , and the current city council authorization extends through june 2018 . entergy new orleans , llc and subsidiaries management 2019s financial discussion and analysis state and local rate regulation the rates that entergy new orleans charges for electricity and natural gas significantly influence its financial position , results of operations , and liquidity . entergy new orleans is regulated and the rates charged to its customers are determined in regulatory proceedings . a governmental agency , the city council , is primarily responsible for approval of the rates charged to customers . retail rates see 201calgiers asset transfer 201d below for discussion of the algiers asset transfer . as a provision of the settlement agreement approved by the city council in may 2015 providing for the algiers asset transfer , it was agreed that , with limited exceptions , no action may be taken with respect to entergy new orleans 2019s base rates until rates are implemented .
|
string
| null |
letters_of_credit_outstanding = 0.8
letters_of_credit_total = 10
percent_letters_of_credit = letters_of_credit_outstanding / letters_of_credit_total
answer = percent_letters_of_credit * 100
|
in gross mw , what is the company's total coal capacity?
|
1215
|
CodeFinQA
|
management 2019s priorities management has re-evaluated its priorities following the appointment of its new ceo in september 2011 . management is focused on the following priorities : 2022 execution of our geographic concentration strategy to maximize shareholder value through disciplined capital allocation including : 2022 platform expansion in brazil , chile , colombia , and the united states , 2022 platform development in turkey , poland , and the united kingdom , 2022 corporate debt reduction , and 2022 a return of capital to shareholders , including our intent to initiate a dividend in 2012 ; 2022 closing the sales of businesses for which we have signed agreements with counterparties and prudently exiting select non-strategic markets ; 2022 optimizing profitability of operations in the existing portfolio ; 2022 integration of dpl into our portfolio ; 2022 implementing a management realignment of our businesses under two business lines : utilities and generation , and achieving cost savings through the alignment of overhead costs with business requirements , systems automation and optimal allocation of business development spending ; and 2022 completion of an approximately 2400 mw construction program and the integration of new projects into existing businesses . during the year ended december 31 , 2011 , the following projects commenced commercial operations : project location fuel aes equity interest ( percent , rounded ) aes solar ( 1 ) . . . . . . . . . . . . . . . . . . . . . . . various solar 62 50% ( 50 % ) .
| Project | Location | Fuel | Gross MW | AES Equity Interest (Percent, Rounded) |
| :--- | :--- | :--- | :--- | :--- |
| AES Solar<sup>(1)</sup> | Various | Solar | 62 | 50% |
| Angamos | Chile | Coal | 545 | 71% |
| Changuinola | Panama | Hydro | 223 | 100% |
| Kumkoy<sup>(2)</sup> | Turkey | Hydro | 18 | 51% |
| Laurel Mountain | US-WV | Wind | 98 | 100% |
| Maritza | Bulgaria | Coal | 670 | 100% |
| Sao Joaquim | Brazil | Hydro | 3 | 24% |
| Trinidad<sup>(3)</sup> | Trinidad | Gas | 394 | 10% |
trinidad ( 3 ) . . . . . . . . . . . . . . . . . . . . . . . . trinidad gas 394 10% ( 10 % ) ( 1 ) aes solar energy ltd . is a joint venture with riverstone holdings and is accounted for as an equity method investment . plants that came online during the year include : kalipetrovo , ugento , soemina , francavilla fontana , latina , cocomeri , francofonte , scopeto , sabaudia , aprilla-1 , siracusa 1-3 complex , manduria apollo and rinaldone . ( 2 ) joint venture with i.c . energy . ( 3 ) an equity method investment held by aes . key trends and uncertainties our operations continue to face many risks as discussed in item 1a . 2014risk factors of this form 10-k . some of these challenges are also described below in 201ckey drivers of results in 2011 201d . we continue to monitor our operations and address challenges as they arise . operations in august 2010 , the esti power plant , a 120 mw run-of-river hydroelectric power plant in panama , was taken offline due to damage to its tunnel infrastructure . aes panama is partially covered for business .
|
string
| null |
coal_capacity = 670 + 545
answer = coal_capacity
|
what percentage of total purchase consideration is composed of goodwill?
|
64.6999969482
|
CodeFinQA
|
assets ( including trade receivables ) that are in the scope of the update . asu 2016-13 also made amendments to the current impairment model for held-to-maturity and available-for-sale debt securities and certain guarantees . the guidance will become effective for us on january 1 , 2020 . early adoption is permitted for periods beginning on or after january 1 , 2019 . we are evaluating the effect of asu 2016-13 on our consolidated financial statements . note 2 2014 acquisitions the transactions described below were accounted for as business combinations , which requires that we record the assets acquired and liabilities assumed at fair value as of the acquisition date . on october 17 , 2018 , we acquired sicom systems , inc . ( 201csicom 201d ) for total purchase consideration of $ 409.2 million , which we funded with cash on hand and by drawing on our revolving credit facility ( described in 201cnote 8 2014 long-term debt and lines of credit 201d ) . sicom is a provider of end-to-end enterprise , cloud-based software solutions and other technologies to quick service restaurants and food service management companies . sicom 2019s technologies are complementary to our existing xenial solutions , and we believe this acquisition will expand our software-driven payments strategy by enabling us to increase our capabilities and expand on our existing presence in the restaurant vertical market . prior to the acquisition , sicom was indirectly owned by a private equity investment firm where one of our board members is a partner and investor . his direct interest in the transaction was approximately $ 1.1 million , the amount distributed to him based on his investment interest in the fund of the private equity firm that sold sicom to us . based on consideration of all relevant information , the audit committee of our board of directors recommended that the board approve the acquisition of sicom , which it did . the provisional estimated acquisition-date fair values of major classes of assets acquired and liabilities assumed as of december 31 , 2018 , including a reconciliation to the total purchase consideration , were as follows ( in thousands ) : .
| Cash and cash equivalents | $7,540 |
| :--- | :--- |
| Property and equipment | 5,943 |
| Identified intangible assets | 188,294 |
| Other assets | 22,278 |
| Deferred income taxes | (48,448) |
| Other liabilities | (31,250) |
| Total identifiable net assets | 144,357 |
| Goodwill | 264,844 |
| Total purchase consideration | $409,201 |
as of december 31 , 2018 , we considered these balances to be provisional because we were still in the process of determining the final purchase consideration , which is subject to adjustment pursuant to the purchase agreement , and gathering and reviewing information to support the valuations of the assets acquired and liabilities assumed . goodwill arising from the acquisition of $ 264.8 million , included in the north america segment , was attributable to expected growth opportunities , an assembled workforce and potential synergies from combining our existing businesses . we expect that approximately $ 50 million of the goodwill from this acquisition will be deductible for income tax purposes . 74 2013 global payments inc . | 2018 form 10-k annual report .
|
string
| null |
shares_repurchased = 264844
shares_total = 409201
percent_goodwill = shares_repurchased / shares_total
answer = percent_goodwill * 100
|
what percentage of total reorganization items net were aircraft and facility financing renegotiations and rejections in 2013?
|
12.1999998093
|
CodeFinQA
|
table of contents extinguishment costs incurred as a result of the repayment of certain aircraft secured indebtedness , including cash interest charges and non-cash write offs of unamortized debt issuance costs . as a result of the 2013 refinancing activities and the early extinguishment of american 2019s 7.50% ( 7.50 % ) senior secured notes in 2014 , we recognized $ 100 million less interest expense in 2014 as compared to the 2013 period . other nonoperating expense , net in 2014 consisted principally of net foreign currency losses of $ 114 million and early debt extinguishment charges of $ 56 million . other nonoperating expense , net in 2013 consisted principally of net foreign currency losses of $ 56 million and early debt extinguishment charges of $ 29 million . other nonoperating expense , net increased $ 64 million , or 73.1% ( 73.1 % ) , during 2014 primarily due to special charges recognized as a result of early debt extinguishment and an increase in foreign currency losses driven by the strengthening of the u.s . dollar in foreign currency transactions , principally in latin american markets . we recorded a $ 43 million special charge for venezuelan foreign currency losses in 2014 . see part ii , item 7a . quantitative and qualitative disclosures about market risk for further discussion of our cash held in venezuelan bolivars . in addition , our 2014 nonoperating special items included $ 56 million primarily related to the early extinguishment of american 2019s 7.50% ( 7.50 % ) senior secured notes and other indebtedness . reorganization items , net reorganization items refer to revenues , expenses ( including professional fees ) , realized gains and losses and provisions for losses that are realized or incurred as a direct result of the chapter 11 cases . the following table summarizes the components included in reorganization items , net on aag 2019s consolidated statement of operations for the year ended december 31 , 2013 ( in millions ) : .
| | 2013 |
| :--- | :--- |
| Labor-related deemed claim (1) | $1,733 |
| Aircraft and facility financing renegotiations and rejections (2), (3) | 325 |
| Fair value of conversion discount (4) | 218 |
| Professional fees | 199 |
| Other | 180 |
| Total reorganization items, net | $2,655 |
( 1 ) in exchange for employees 2019 contributions to the successful reorganization , including agreeing to reductions in pay and benefits , we agreed in the plan to provide each employee group a deemed claim , which was used to provide a distribution of a portion of the equity of the reorganized entity to those employees . each employee group received a deemed claim amount based upon a portion of the value of cost savings provided by that group through reductions to pay and benefits as well as through certain work rule changes . the total value of this deemed claim was approximately $ 1.7 billion . ( 2 ) amounts include allowed claims ( claims approved by the bankruptcy court ) and estimated allowed claims relating to ( i ) the rejection or modification of financings related to aircraft and ( ii ) entry of orders treated as unsecured claims with respect to facility agreements supporting certain issuances of special facility revenue bonds . the debtors recorded an estimated claim associated with the rejection or modification of a financing or facility agreement when the applicable motion was filed with the bankruptcy court to reject or modify such financing or facility agreement and the debtors believed that it was probable the motion would be approved , and there was sufficient information to estimate the claim . see note 2 to aag 2019s consolidated financial statements in part ii , item 8a for further information . ( 3 ) pursuant to the plan , the debtors agreed to allow certain post-petition unsecured claims on obligations . as a result , during the year ended december 31 , 2013 , we recorded reorganization charges to adjust estimated allowed claim amounts previously recorded on rejected special facility revenue bonds of $ 180 million , allowed general unsecured claims related to the 1990 and 1994 series of special facility revenue bonds that financed certain improvements at jfk , and rejected bonds that financed certain improvements at ord , which are included in the table above. .
|
string
| null |
reorganization_items = 325
reorganization_items_total = 2655
percent_aircraft = reorganization_items / reorganization_items_total
answer = percent_aircraft * 100
|
as of december 31 , 2010 , what was the total committed but unused credit facilities in millions?
|
1325
|
CodeFinQA
|
the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2010 , 2009 , and 2008 ( 3 ) multilateral loans include loans funded and guaranteed by bilaterals , multilaterals , development banks and other similar institutions . ( 4 ) non-recourse debt of $ 708 million as of december 31 , 2009 was excluded from non-recourse debt and included in current and long-term liabilities of held for sale and discontinued businesses in the accompanying consolidated balance sheets . non-recourse debt as of december 31 , 2010 is scheduled to reach maturity as set forth in the table below : december 31 , annual maturities ( in millions ) .
| December 31, | Annual Maturities (in millions) |
| :--- | :--- |
| 2011 | $2,577 |
| 2012 | 657 |
| 2013 | 953 |
| 2014 | 1,839 |
| 2015 | 1,138 |
| Thereafter | 7,957 |
| Total non-recourse debt | $15,121 |
as of december 31 , 2010 , aes subsidiaries with facilities under construction had a total of approximately $ 432 million of committed but unused credit facilities available to fund construction and other related costs . excluding these facilities under construction , aes subsidiaries had approximately $ 893 million in a number of available but unused committed revolving credit lines to support their working capital , debt service reserves and other business needs . these credit lines can be used in one or more of the following ways : solely for borrowings ; solely for letters of credit ; or a combination of these uses . the weighted average interest rate on borrowings from these facilities was 3.24% ( 3.24 % ) at december 31 , 2010 . non-recourse debt covenants , restrictions and defaults the terms of the company 2019s non-recourse debt include certain financial and non-financial covenants . these covenants are limited to subsidiary activity and vary among the subsidiaries . these covenants may include but are not limited to maintenance of certain reserves , minimum levels of working capital and limitations on incurring additional indebtedness . compliance with certain covenants may not be objectively determinable . as of december 31 , 2010 and 2009 , approximately $ 803 million and $ 653 million , respectively , of restricted cash was maintained in accordance with certain covenants of the non-recourse debt agreements , and these amounts were included within 201crestricted cash 201d and 201cdebt service reserves and other deposits 201d in the accompanying consolidated balance sheets . various lender and governmental provisions restrict the ability of certain of the company 2019s subsidiaries to transfer their net assets to the parent company . such restricted net assets of subsidiaries amounted to approximately $ 5.4 billion at december 31 , 2010. .
|
string
| null |
committed_but_unused_credit_facilities = 432
unused_credit_facilities = 893
total_committed_but_unused_credit_facilities = committed_but_unused_credit_facilities + unused_credit_facilities
answer = total_committed_but_unused_credit_facilities
|
for the investment management segment , what was the change in pre-tax earnings between 2012 and 2011 , in millions?
|
86
|
CodeFinQA
|
management 2019s discussion and analysis 2011 versus 2010 . net revenues in investing & lending were $ 2.14 billion and $ 7.54 billion for 2011 and 2010 , respectively . during 2011 , investing & lending results reflected an operating environment characterized by a significant decline in equity markets in europe and asia , and unfavorable credit markets that were negatively impacted by increased concerns regarding the weakened state of global economies , including heightened european sovereign debt risk . results for 2011 included a loss of $ 517 million from our investment in the ordinary shares of icbc and net gains of $ 1.12 billion from other investments in equities , primarily in private equities , partially offset by losses from public equities . in addition , investing & lending included net revenues of $ 96 million from debt securities and loans . this amount includes approximately $ 1 billion of unrealized losses related to relationship lending activities , including the effect of hedges , offset by net interest income and net gains from other debt securities and loans . results for 2011 also included other net revenues of $ 1.44 billion , principally related to our consolidated investment entities . results for 2010 included a gain of $ 747 million from our investment in the ordinary shares of icbc , a net gain of $ 2.69 billion from other investments in equities , a net gain of $ 2.60 billion from debt securities and loans and other net revenues of $ 1.51 billion , principally related to our consolidated investment entities . the net gain from other investments in equities was primarily driven by an increase in global equity markets , which resulted in appreciation of both our public and private equity positions and provided favorable conditions for initial public offerings . the net gains and net interest from debt securities and loans primarily reflected the impact of tighter credit spreads and favorable credit markets during the year , which provided favorable conditions for borrowers to refinance . operating expenses were $ 2.67 billion for 2011 , 20% ( 20 % ) lower than 2010 , due to decreased compensation and benefits expenses , primarily resulting from lower net revenues . this decrease was partially offset by the impact of impairment charges related to consolidated investments during 2011 . pre-tax loss was $ 531 million in 2011 , compared with pre-tax earnings of $ 4.18 billion in 2010 . investment management investment management provides investment management services and offers investment products ( primarily through separately managed accounts and commingled vehicles , such as mutual funds and private investment funds ) across all major asset classes to a diverse set of institutional and individual clients . investment management also offers wealth advisory services , including portfolio management and financial counseling , and brokerage and other transaction services to high-net-worth individuals and families . assets under supervision include assets under management and other client assets . assets under management include client assets where we earn a fee for managing assets on a discretionary basis . this includes net assets in our mutual funds , hedge funds , credit funds and private equity funds ( including real estate funds ) , and separately managed accounts for institutional and individual investors . other client assets include client assets invested with third-party managers , private bank deposits and assets related to advisory relationships where we earn a fee for advisory and other services , but do not have discretion over the assets . assets under supervision do not include the self-directed brokerage accounts of our clients . assets under management and other client assets typically generate fees as a percentage of net asset value , which vary by asset class and are affected by investment performance as well as asset inflows and redemptions . in certain circumstances , we are also entitled to receive incentive fees based on a percentage of a fund 2019s return or when the return exceeds a specified benchmark or other performance targets . incentive fees are recognized only when all material contingencies are resolved . the table below presents the operating results of our investment management segment. .
| | Year Ended December |
| :--- | :--- |
| <i>in millions</i> | 2012 | 2011 | 2010 |
| Management and other fees | $4,105 | $4,188 | $3,956 |
| Incentive fees | 701 | 323 | 527 |
| Transaction revenues | 416 | 523 | 531 |
| Total net revenues | 5,222 | 5,034 | 5,014 |
| Operating expenses | 4,294 | 4,020 | 4,082 |
| Pre-tax earnings | $ 928 | $1,014 | $ 932 |
56 goldman sachs 2012 annual report .
|
string
| null |
pre_tax_earnings_2012 = 1014
pre_tax_earnings_2011 = 928
change = pre_tax_earnings_2012 - pre_tax_earnings_2011
answer = change
|
what is the difference between the weighted- average useful lives of software for the global rolled products segment and the transportation and construction solutions one?
|
1
|
CodeFinQA
|
extrusions ( afe ) , which are all included in the engineered products and solutions segment , global rolled products , and building and construction systems , which is included in the transportation and construction solutions segment . the estimated fair value for five of the six reporting units exceeded its respective carrying value , resulting in no impairment . however , the estimated fair value of afe was lower than its carrying value . as such , in the fourth quarter of 2017 , arconic recorded an impairment for the full amount of goodwill in the afe reporting unit of $ 719 . the decrease in the afe fair value was primarily due to unfavorable performance that is impacting operating margins and a higher discount rate due to an increase in the risk-free rate of return , while the carrying value increased compared to prior year . goodwill impairment tests in 2016 and 2015 indicated that goodwill was not impaired for any of the company 2019s reporting units , except for the soft alloy extrusion business in brazil which is included in the transportation and construction solutions segment . in the fourth quarter of 2015 , for the soft alloy extrusion business in brazil , the estimated fair value as determined by the dcf model was lower than the associated carrying value of its reporting unit 2019s goodwill . as a result , management determined that the implied fair value of the reporting unit 2019s goodwill was zero . arconic recorded a goodwill impairment of $ 25 in 2015 . the impairment of goodwill resulted from headwinds from the downturn in the brazilian economy and the continued erosion of gross margin despite the execution of cost reduction strategies . as a result of the goodwill impairment , there is no goodwill remaining for the reporting unit . other intangible assets . intangible assets with indefinite useful lives are not amortized while intangible assets with finite useful lives are amortized generally on a straight-line basis over the periods benefited . the following table details the weighted- average useful lives of software and other intangible assets by reporting segment ( numbers in years ) : .
| Segment | Software | Other intangible assets |
| :--- | :--- | :--- |
| Engineered Products and Solutions | 6 | 34 |
| Global Rolled Products | 6 | 9 |
| Transportation and Construction Solutions | 5 | 16 |
revenue recognition . arconic recognizes revenues when title , ownership , and risk of loss pass to the customer , all of which occurs upon shipment or delivery of the product and is based on the applicable shipping terms . the shipping terms vary across all businesses and depend on the product , the country of origin , and the type of transportation ( truck , train , or vessel ) . in certain circumstances , arconic receives advanced payments from its customers for product to be delivered in future periods . these advanced payments are recorded as deferred revenue until the product is delivered and title and risk of loss have passed to the customer in accordance with the terms of the contract . deferred revenue is included in other current liabilities and other noncurrent liabilities and deferred credits on the accompanying consolidated balance sheet . environmental matters . expenditures for current operations are expensed or capitalized , as appropriate . expenditures relating to existing conditions caused by past operations , which will not contribute to future revenues , are expensed . liabilities are recorded when remediation costs are probable and can be reasonably estimated . the liability may include costs such as site investigations , consultant fees , feasibility studies , outside contractors , and monitoring expenses . estimates are generally not discounted or reduced by potential claims for recovery . claims for recovery are recognized when probable and as agreements are reached with third parties . the estimates also include costs related to other potentially responsible parties to the extent that arconic has reason to believe such parties will not fully pay their proportionate share . the liability is continuously reviewed and adjusted to reflect current remediation progress , prospective estimates of required activity , and other factors that may be relevant , including changes in technology or regulations . litigation matters . for asserted claims and assessments , liabilities are recorded when an unfavorable outcome of a matter is deemed to be probable and the loss is reasonably estimable . management determines the likelihood of an unfavorable outcome based on many factors such as the nature of the matter , available defenses and case strategy , progress of the matter , views and opinions of legal counsel and other advisors , applicability and success of appeals processes , and the outcome of similar historical matters , among others . once an unfavorable outcome is deemed probable , management weighs the probability of estimated losses , and the most reasonable loss estimate is recorded . if an unfavorable outcome of a matter is deemed to be reasonably possible , then the matter is disclosed and no liability is recorded . with respect to unasserted claims or assessments , management must first determine that the probability that an assertion will be made is likely , then , a determination as to the likelihood of an unfavorable outcome and the ability to reasonably estimate the potential loss is made . legal matters are reviewed on a continuous basis to determine if there has been a change in management 2019s judgment regarding the likelihood of an unfavorable outcome or the estimate of a potential loss . income taxes . the provision for income taxes is determined using the asset and liability approach of accounting for income taxes . under this approach , the provision for income taxes represents income taxes paid or payable ( or received or receivable ) .
|
string
| null |
software_years = 6
other_years = 34
global_years = 6
transport_years = 5
answer = software_years - transport_years
|
in 2005 what was the ratio of the debt to the cash
|
2.2000000477
|
CodeFinQA
|
additional information regarding these and other accounting pronouncements is included in note 1 to the consolidated financial statements . financial condition and liquidity the company generates significant ongoing cash flow . net debt decreased significantly in 2004 , but increased in 2005 , primarily related to the $ 1.36 billion cuno acquisition . at december 31 .
| (Millions) | 2005 | 2004 | 2003 |
| :--- | :--- | :--- | :--- |
| Total Debt | $2,381 | $2,821 | $2,937 |
| Less: Cash & Cash Equiv. | 1,072 | 2,757 | 1,836 |
| Net Debt | $1,309 | $64 | $1,101 |
3m believes its ongoing cash flows provide ample cash to fund expected investments and capital expenditures . the company has an aa credit rating from standard & poor 2019s and an aa1 credit rating from moody 2019s investors service . the company has sufficient access to capital markets to meet currently anticipated growth and acquisition investment funding needs . the company does not utilize derivative instruments linked to the company 2019s stock . however , the company does have contingently convertible debt that , if conditions for conversion are met , is convertible into shares of 3m common stock ( refer to note 8 in this document ) . the company 2019s financial condition and liquidity at december 31 , 2005 , remained strong . various assets and liabilities , including cash and short-term debt , can fluctuate significantly from month-to-month depending on short-term liquidity needs . working capital ( defined as current assets minus current liabilities ) totaled $ 1.877 billion at december 31 , 2005 , compared with $ 2.649 billion at december 31 , 2004 . this decrease was primarily related to a decrease in cash and cash equivalents ( $ 1.685 billion ) partially offset by a decrease in debt classified as short-term borrowings and current portion of long-term debt ( $ 1.022 billion ) . the cash and cash equivalents balance was impacted by the acquisition of cuno and repayment of debt . the company uses various working capital measures that place emphasis and focus on certain working capital assets and liabilities . these measures are not defined under u.s . generally accepted accounting principles and may not be computed the same as similarly titled measures used by other companies . one of the primary working capital measures 3m uses is a combined index , which includes accounts receivables , inventory and accounts payable . this combined index ( defined as quarterly net sales 2013 fourth quarter at year-end 2013 multiplied by four , divided by ending net accounts receivable plus inventory less accounts payable ) was 5.7 at december 31 , 2005 , down from 5.8 at december 31 , 2004 . excluding cuno , net working capital turns at december 31 , 2005 , were 5.8 , the same as at december 31 , 2004 . receivables increased $ 46 million , or 1.6% ( 1.6 % ) , compared with december 31 , 2004 . at december 31 , 2005 , the cuno acquisition increased accounts receivable by $ 88 million . currency translation ( due to the stronger u.s dollar ) reduced accounts receivable by $ 231 million year-on-year . inventories increased $ 265 million , or 14.0% ( 14.0 % ) , compared with december 31 , 2004 . at december 31 , 2005 , the cuno acquisition increased inventories by $ 56 million . currency translation reduced inventories by $ 89 million year-on-year . accounts payable increased $ 88 million compared with december 31 , 2004 , with cuno accounting for $ 18 million of this increase . cash flows from operating , investing and financing activities are provided in the tables that follow . individual amounts in the consolidated statement of cash flows exclude the effects of acquisitions , divestitures and exchange rate impacts , which are presented separately in the cash flows . thus , the amounts presented in the following operating , investing and financing activities tables reflect changes in balances from period to period adjusted for these effects. .
|
string
| null |
debt_ratio = 2381 / 1072
answer = debt_ratio
|
what was the percent of the return on assets as a percent of the account balance at december 31 , 2015
|
8.8000001907
|
CodeFinQA
|
the following tables present a reconciliation of the beginning and ending balances of the fair value measurements using significant unobservable inputs ( level 3 ) for 2015 and 2014 , respectively: .
| | Level 3 |
| :--- | :--- |
| Balance as of January 1, 2015 | $127 |
| Actual return on assets | 12 |
| Purchases, issuances and settlements, net | (3) |
| Balance as of December 31, 2015 | $136 |
purchases , issuances and settlements , net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76 balance as of december 31 , 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 127 the company 2019s other postretirement benefit plans are partially funded and the assets are held under various trusts . the investments and risk mitigation strategies for the plans are tailored specifically for each trust . in setting new strategic asset mixes , consideration is given to the likelihood that the selected asset allocation will effectively fund the projected plan liabilities and the risk tolerance of the company . the company periodically updates the long-term , strategic asset allocations and uses various analytics to determine the optimal asset allocation . considerations include plan liability characteristics , liquidity characteristics , funding requirements , expected rates of return and the distribution of returns . in june 2012 , the company implemented a de-risking strategy for the medical bargaining trust within the plan to minimize volatility . as part of the de-risking strategy , the company revised the asset allocations to increase the matching characteristics of assets relative to liabilities . the initial de-risking asset allocation for the plan was 60% ( 60 % ) return-generating assets and 40% ( 40 % ) liability-driven assets . the investment strategies and policies for the plan reflect a balance of liability driven and return-generating considerations . the objective of minimizing the volatility of assets relative to liabilities is addressed primarily through asset 2014liability matching , asset diversification and hedging . the fixed income target asset allocation matches the bond-like and long-dated nature of the postretirement liabilities . assets are broadly diversified within asset classes to achieve risk-adjusted returns that in total lower asset volatility relative to the liabilities . the company assesses the investment strategy regularly to ensure actual allocations are in line with target allocations as appropriate . strategies to address the goal of ensuring sufficient assets to pay benefits include target allocations to a broad array of asset classes and , within asset classes strategies are employed to provide adequate returns , diversification and liquidity . the assets of the company 2019s other trusts , within the other postretirement benefit plans , have been primarily invested in equities and fixed income funds . the assets under the various other postretirement benefit trusts are invested differently based on the assets and liabilities of each trust . the obligations of the other postretirement benefit plans are dominated by obligations for the medical bargaining trust . thirty-nine percent and four percent of the total postretirement plan benefit obligations are related to the medical non-bargaining and life insurance trusts , respectively . because expected benefit payments related to the benefit obligations are so far into the future , and the size of the medical non-bargaining and life insurance trusts 2019 obligations are large compared to each trusts 2019 assets , the investment strategy is to allocate a significant portion of the assets 2019 investment to equities , which the company believes will provide the highest long-term return and improve the funding ratio . the company engages third party investment managers for all invested assets . managers are not permitted to invest outside of the asset class ( e.g . fixed income , equity , alternatives ) or strategy for which they have been appointed . investment management agreements and recurring performance and attribution analysis are used as tools to ensure investment managers invest solely within the investment strategy they have been provided . futures and options may be used to adjust portfolio duration to align with a plan 2019s targeted investment policy. .
|
string
| null |
return_assets = 12
balance_end = 136
percent_return = return_assets / balance_end
answer = percent_return * 100
|
what percentage of the future lease payments is has to be paid in 2009?
|
33.9300003052
|
CodeFinQA
|
notes to consolidated financial statements 2014 ( continued ) note 12 2014related party transactions in the course of settling money transfer transactions , we purchase foreign currency from consultoria internacional casa de cambio ( 201ccisa 201d ) , a mexican company partially owned by certain of our employees . as of march 31 , 2008 , mr . ra fal lim f3n cortes , a 10% ( 10 % ) shareholder of cisa , was no longer an employee , and we no longer considered cisa a related party . we purchased 6.1 billion mexican pesos for $ 560.3 million during the ten months ended march 31 , 2008 and 8.1 billion mexican pesos for $ 736.0 million during fiscal 2007 from cisa . we believe these currency transactions were executed at prevailing market exchange rates . also from time to time , money transfer transactions are settled at destination facilities owned by cisa . we incurred related settlement expenses , included in cost of service in the accompanying consolidated statements of income of $ 0.5 million in the ten months ended march 31 , 2008 . in fiscal 2007 and 2006 , we incurred related settlement expenses , included in cost of service in the accompanying consolidated statements of income of $ 0.7 and $ 0.6 million , respectively . in the normal course of business , we periodically utilize the services of contractors to provide software development services . one of our employees , hired in april 2005 , is also an employee , officer , and part owner of a firm that provides such services . the services provided by this firm primarily relate to software development in connection with our planned next generation front-end processing system in the united states . during fiscal 2008 , we capitalized fees paid to this firm of $ 0.3 million . as of may 31 , 2008 and 2007 , capitalized amounts paid to this firm of $ 4.9 million and $ 4.6 million , respectively , were included in property and equipment in the accompanying consolidated balance sheets . in addition , we expensed amounts paid to this firm of $ 0.3 million , $ 0.1 million and $ 0.5 million in the years ended may 31 , 2008 , 2007 and 2006 , respectively . note 13 2014commitments and contingencies leases we conduct a major part of our operations using leased facilities and equipment . many of these leases have renewal and purchase options and provide that we pay the cost of property taxes , insurance and maintenance . rent expense on all operating leases for fiscal 2008 , 2007 and 2006 was $ 30.4 million , $ 27.1 million , and $ 24.4 million , respectively . future minimum lease payments for all noncancelable leases at may 31 , 2008 were as follows : operating leases .
| | Operating Leases |
| :--- | :--- |
| 2009 | $22,883 |
| 2010 | 16,359 |
| 2011 | 11,746 |
| 2012 | 5,277 |
| 2013 | 3,365 |
| Thereafter | 7,816 |
| Total future minimum lease payments | $67,446 |
we are party to a number of other claims and lawsuits incidental to our business . in the opinion of management , the reasonably possible outcome of such matters , individually or in the aggregate , will not have a material adverse impact on our financial position , liquidity or results of operations. .
|
string
| null |
percent_2009 = 22883
percent_total = 67446
percent_2009_2013 = percent_2009 / percent_total
answer = percent_2009_2013 * 100
|
what percentage of factory retail stores as of march 28 , 2009 were located in the europe?
|
14
|
CodeFinQA
|
in addition to generating sales of our products , our worldwide full-price stores set , reinforce and capitalize on the image of our brands . our stores range in size from approximately 800 to over 37500 square feet . these full- price stores are situated in major upscale street locations and upscale regional malls , generally in large urban markets . we generally lease our stores for initial periods ranging from 5 to 10 years with renewal options . we extend our reach to additional consumer groups through our 163 polo ralph lauren factory stores worldwide . during fiscal 2009 , we added 5 new polo ralph lauren factory stores , net . our factory stores are generally located in outlet malls . we operated the following factory retail stores as of march 28 , 2009 : factory retail stores location ralph lauren .
| Location | Polo Ralph Lauren |
| :--- | :--- |
| United States | 136 |
| Europe | 23 |
| Japan | 4 |
| Total | 163 |
2022 polo ralph lauren domestic factory stores offer selections of our menswear , womenswear , children 2019s apparel , accessories , home furnishings and fragrances . ranging in size from approximately 2700 to 20000 square feet , with an average of approximately 9200 square feet , these stores are principally located in major outlet centers in 36 states and puerto rico . 2022 european factory stores offer selections of our menswear , womenswear , children 2019s apparel , accessories , home furnishings and fragrances . ranging in size from approximately 2300 to 10500 square feet , with an average of approximately 6500 square feet , these stores are located in 9 countries , principally in major outlet centers . 2022 japanese factory stores offer selections of our menswear , womenswear , children 2019s apparel , accessories , home furnishings and fragrances . ranging in size from approximately 1500 to 12000 square feet , with an average of approximately 7400 square feet , these stores are located in 3 provinces , principally in major outlet centers . factory stores obtain products from our suppliers , our product licensing partners and our retail stores . ralphlauren.com and rugby.com in addition to our stores , our retail segment sells products online through our e-commerce websites , ralphlauren.com ( http://www.ralphlauren.com ) and rugby.com ( http://www.rugby.com ) . ralphlauren.com offers our customers access to the full breadth of ralph lauren apparel , accessories and home products , allows us to reach retail customers on a multi-channel basis and reinforces the luxury image of our brands . ralphlauren.com averaged 2.9 million unique visitors a month and acquired approximately 350000 new customers , resulting in 1.7 million total customers in fiscal 2009 . in august 2008 , the company launched rugby.com , its second e-commerce website . rugby.com offers clothing and accessories for purchase 2014 previously only available at rugby stores 2014 along with style tips , unique videos and blog-based content . rugby.com offers an extensive array of rugby products for young men and women within a full lifestyle destination . our licensing segment through licensing alliances , we combine our consumer insight , design , and marketing skills with the specific product or geographic competencies of our licensing partners to create and build new businesses . we generally seek out licensing partners who : 2022 are leaders in their respective markets ; 2022 contribute the majority of the product development costs; .
|
string
| null |
doors_europe = 23
doors_total = 163
percent_europe = doors_europe / doors_total
answer = percent_europe * 100
|
as of september 27 , 2014 , what percentage of the company 2019s total future minimum lease payments under noncancelable operating leases related to leases for retail space?
|
72
|
CodeFinQA
|
table of contents concentrations in the available sources of supply of materials and product although most components essential to the company 2019s business are generally available from multiple sources , a number of components are currently obtained from single or limited sources . in addition , the company competes for various components with other participants in the markets for mobile communication and media devices and personal computers . therefore , many components used by the company , including those that are available from multiple sources , are at times subject to industry-wide shortage and significant pricing fluctuations that could materially adversely affect the company 2019s financial condition and operating results . the company uses some custom components that are not commonly used by its competitors , and new products introduced by the company often utilize custom components available from only one source . when a component or product uses new technologies , initial capacity constraints may exist until the suppliers 2019 yields have matured or manufacturing capacity has increased . if the company 2019s supply of components for a new or existing product were delayed or constrained , or if an outsourcing partner delayed shipments of completed products to the company , the company 2019s financial condition and operating results could be materially adversely affected . the company 2019s business and financial performance could also be materially adversely affected depending on the time required to obtain sufficient quantities from the original source , or to identify and obtain sufficient quantities from an alternative source . continued availability of these components at acceptable prices , or at all , may be affected if those suppliers concentrated on the production of common components instead of components customized to meet the company 2019s requirements . the company has entered into agreements for the supply of many components ; however , there can be no guarantee that the company will be able to extend or renew these agreements on similar terms , or at all . therefore , the company remains subject to significant risks of supply shortages and price increases that could materially adversely affect its financial condition and operating results . substantially all of the company 2019s hardware products are manufactured by outsourcing partners that are located primarily in asia . a significant concentration of this manufacturing is currently performed by a small number of outsourcing partners , often in single locations . certain of these outsourcing partners are the sole-sourced suppliers of components and manufacturers for many of the company 2019s products . although the company works closely with its outsourcing partners on manufacturing schedules , the company 2019s operating results could be adversely affected if its outsourcing partners were unable to meet their production commitments . the company 2019s purchase commitments typically cover its requirements for periods up to 150 days . other off-balance sheet commitments operating leases the company leases various equipment and facilities , including retail space , under noncancelable operating lease arrangements . the company does not currently utilize any other off-balance sheet financing arrangements . the major facility leases are typically for terms not exceeding 10 years and generally contain multi-year renewal options . leases for retail space are for terms ranging from five to 20 years , the majority of which are for 10 years , and often contain multi-year renewal options . as of september 27 , 2014 , the company 2019s total future minimum lease payments under noncancelable operating leases were $ 5.0 billion , of which $ 3.6 billion related to leases for retail space . rent expense under all operating leases , including both cancelable and noncancelable leases , was $ 717 million , $ 645 million and $ 488 million in 2014 , 2013 and 2012 , respectively . future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 27 , 2014 , are as follows ( in millions ) : apple inc . | 2014 form 10-k | 75 .
| 2015 | $662 |
| :--- | :--- |
| 2016 | 676 |
| 2017 | 645 |
| 2018 | 593 |
| 2019 | 534 |
| Thereafter | 1,877 |
| Total | $4,987 |
.
|
string
| null |
retail_space_leases = 3.6
total_leases = 5
percent_retail_space_leases = retail_space_leases / total_leases
answer = percent_retail_space_leases * 100
|
excluding recognized in 2011 in connection with prior acquisitions , what would net income be in millions?
|
2953
|
CodeFinQA
|
see note 10 goodwill and other intangible assets for further discussion of the accounting for goodwill and other intangible assets . the estimated amount of rbc bank ( usa ) revenue and net income ( excluding integration costs ) included in pnc 2019s consolidated income statement for 2012 was $ 1.0 billion and $ 273 million , respectively . upon closing and conversion of the rbc bank ( usa ) transaction , subsequent to march 2 , 2012 , separate records for rbc bank ( usa ) as a stand-alone business have not been maintained as the operations of rbc bank ( usa ) have been fully integrated into pnc . rbc bank ( usa ) revenue and earnings disclosed above reflect management 2019s best estimate , based on information available at the reporting date . the following table presents certain unaudited pro forma information for illustrative purposes only , for 2012 and 2011 as if rbc bank ( usa ) had been acquired on january 1 , 2011 . the unaudited estimated pro forma information combines the historical results of rbc bank ( usa ) with the company 2019s consolidated historical results and includes certain adjustments reflecting the estimated impact of certain fair value adjustments for the respective periods . the pro forma information is not indicative of what would have occurred had the acquisition taken place on january 1 , 2011 . in particular , no adjustments have been made to eliminate the impact of other-than-temporary impairment losses and losses recognized on the sale of securities that may not have been necessary had the investment securities been recorded at fair value as of january 1 , 2011 . the unaudited pro forma information does not consider any changes to the provision for credit losses resulting from recording loan assets at fair value . additionally , the pro forma financial information does not include the impact of possible business model changes and does not reflect pro forma adjustments to conform accounting policies between rbc bank ( usa ) and pnc . additionally , pnc expects to achieve further operating cost savings and other business synergies , including revenue growth , as a result of the acquisition that are not reflected in the pro forma amounts that follow . as a result , actual results will differ from the unaudited pro forma information presented . table 57 : rbc bank ( usa ) and pnc unaudited pro forma results .
| | For the Year Ended December 31 |
| :--- | :--- |
| In millions | 2012 | 2011 |
| Total revenues | $15,721 | $15,421 |
| Net income | 2,989 | 2,911 |
in connection with the rbc bank ( usa ) acquisition and other prior acquisitions , pnc recognized $ 267 million of integration charges in 2012 . pnc recognized $ 42 million of integration charges in 2011 in connection with prior acquisitions . the integration charges are included in the table above . sale of smartstreet effective october 26 , 2012 , pnc divested certain deposits and assets of the smartstreet business unit , which was acquired by pnc as part of the rbc bank ( usa ) acquisition , to union bank , n.a . smartstreet is a nationwide business focused on homeowner or community association managers and had approximately $ 1 billion of assets and deposits as of september 30 , 2012 . the gain on sale was immaterial and resulted in a reduction of goodwill and core deposit intangibles of $ 46 million and $ 13 million , respectively . results from operations of smartstreet from march 2 , 2012 through october 26 , 2012 are included in our consolidated income statement . flagstar branch acquisition effective december 9 , 2011 , pnc acquired 27 branches in the northern metropolitan atlanta , georgia area from flagstar bank , fsb , a subsidiary of flagstar bancorp , inc . the fair value of the assets acquired totaled approximately $ 211.8 million , including $ 169.3 million in cash , $ 24.3 million in fixed assets and $ 18.2 million of goodwill and intangible assets . we also assumed approximately $ 210.5 million of deposits associated with these branches . no deposit premium was paid and no loans were acquired in the transaction . our consolidated income statement includes the impact of the branch activity subsequent to our december 9 , 2011 acquisition . bankatlantic branch acquisition effective june 6 , 2011 , we acquired 19 branches in the greater tampa , florida area from bankatlantic , a subsidiary of bankatlantic bancorp , inc . the fair value of the assets acquired totaled $ 324.9 million , including $ 256.9 million in cash , $ 26.0 million in fixed assets and $ 42.0 million of goodwill and intangible assets . we also assumed approximately $ 324.5 million of deposits associated with these branches . a $ 39.0 million deposit premium was paid and no loans were acquired in the transaction . our consolidated income statement includes the impact of the branch activity subsequent to our june 6 , 2011 acquisition . sale of pnc global investment servicing on july 1 , 2010 , we sold pnc global investment servicing inc . ( gis ) , a leading provider of processing , technology and business intelligence services to asset managers , broker- dealers and financial advisors worldwide , for $ 2.3 billion in cash pursuant to a definitive agreement entered into on february 2 , 2010 . this transaction resulted in a pretax gain of $ 639 million , net of transaction costs , in the third quarter of 2010 . this gain and results of operations of gis through june 30 , 2010 are presented as income from discontinued operations , net of income taxes , on our consolidated income statement . as part of the sale agreement , pnc has agreed to provide certain transitional services on behalf of gis until completion of related systems conversion activities . 138 the pnc financial services group , inc . 2013 form 10-k .
|
string
| null |
net_income = 2911
intangible_assets = 42.0
answer = net_income + intangible_assets
|
what is the total amount spent for the purchased shares during october 2009?
|
613009.1875
|
CodeFinQA
|
we are required under the terms of our preferred stock to pay scheduled quarterly dividends , subject to legally available funds . for so long as the preferred stock remains outstanding , ( 1 ) we will not declare , pay or set apart funds for the payment of any dividend or other distribution with respect to any junior stock or parity stock and ( 2 ) neither we , nor any of our subsidiaries , will , subject to certain exceptions , redeem , purchase or otherwise acquire for consideration junior stock or parity stock through a sinking fund or otherwise , in each case unless we have paid or set apart funds for the payment of all accumulated and unpaid dividends with respect to the shares of preferred stock and any parity stock for all preceding dividend periods . pursuant to this policy , we paid quarterly dividends of $ 0.265625 per share on our preferred stock on february 1 , 2009 , may 1 , 2009 , august 3 , 2009 and november 2 , 2009 and similar quarterly dividends during each quarter of 2008 . the annual cash dividend declared and paid during the years ended december 31 , 2009 and 2008 were $ 10 million and $ 10 million , respectively . on january 5 , 2010 , we declared a cash dividend of $ 0.265625 per share on our preferred stock amounting to $ 3 million and a cash dividend of $ 0.04 per share on our series a common stock amounting to $ 6 million . both cash dividends are for the period from november 2 , 2009 to january 31 , 2010 and were paid on february 1 , 2010 to holders of record as of january 15 , 2010 . on february 1 , 2010 , we announced we would elect to redeem all of our outstanding preferred stock on february 22 , 2010 . holders of the preferred stock also have the right to convert their shares at any time prior to 5:00 p.m. , new york city time , on february 19 , 2010 , the business day immediately preceding the february 22 , 2010 redemption date . based on the number of outstanding shares as of december 31 , 2009 and considering the redemption of our preferred stock , cash dividends to be paid in 2010 are expected to result in annual dividend payments less than those paid in 2009 . the amount available to us to pay cash dividends is restricted by our senior credit agreement . any decision to declare and pay dividends in the future will be made at the discretion of our board of directors and will depend on , among other things , our results of operations , cash requirements , financial condition , contractual restrictions and other factors that our board of directors may deem relevant . celanese purchases of its equity securities the table below sets forth information regarding repurchases of our series a common stock during the three months ended december 31 , 2009 : period total number of shares purchased ( 1 ) average price paid per share total number of shares purchased as part of publicly announced program approximate dollar value of shares remaining that may be purchased under the program .
| Period | Total Number of Shares Purchased<sup>(1)</sup> | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Program | Approximate Dollar Value of Shares Remaining that may be Purchased Under the Program |
| :--- | :--- | :--- | :--- | :--- |
| October 1-31, 2009 | 24,980 | $24.54 | - | $122,300,000.00 |
| November 1-30, 2009 | - | $- | - | $122,300,000.00 |
| December 1-31, 2009 | 334 | $32.03 | - | $122,300,000.00 |
( 1 ) relates to shares employees have elected to have withheld to cover their statutory minimum withholding requirements for personal income taxes related to the vesting of restricted stock units . no shares were purchased during the three months ended december 31 , 2009 under our previously announced stock repurchase plan . %%transmsg*** transmitting job : d70731 pcn : 033000000 ***%%pcmsg|33 |00012|yes|no|02/10/2010 05:41|0|0|page is valid , no graphics -- color : n| .
|
string
| null |
shares_repurchased = 24980
price = 24.54
cash_spent = shares_repurchased * price
answer = cash_spent
|
what was the average other income
|
108.6999969482
|
CodeFinQA
|
compared to 2007 . we reduced personal injury expense by $ 80 million in 2007 as a result of fewer than expected claims and lower than expected average settlement costs . in 2008 , we reduced personal injury expense and asbestos-related costs $ 82 million based on the results of updated personal injury actuarial studies and a reassessment of our potential liability for resolution of current and future asbestos claims . in addition , environmental and toxic tort expenses were $ 7 million lower in 2008 compared to 2007 . other costs were lower in 2007 compared to 2006 driven primarily by a reduction in personal injury expense . actuarial studies completed during 2007 resulted in a reduction in personal injury expense of $ 80 million , which was partially offset by an adverse development with respect to one claim . settlement of insurance claims in 2007 related to hurricane rita , and higher equity income also drove expenses lower in 2007 versus 2006 . conversely , the year-over-year comparison was affected by the settlement of insurance claims totaling $ 23 million in 2006 related to the january 2005 west coast storm and a $ 9 million gain in 2006 from the sale of two company-owned airplanes . non-operating items millions of dollars 2008 2007 2006 % ( % ) change 2008 v 2007 % ( % ) change 2007 v 2006 .
| <i>Millions of Dollars</i> | 2008 | 2007 | 2006 | <i>% Change 2008 v 2007</i> | <i>% Change 2007 v 2006</i> |
| :--- | :--- | :--- | :--- | :--- | :--- |
| Other income | $92 | $116 | $118 | (21)% | (2)% |
| Interest expense | (511) | (482) | (477) | 6 | 1 |
| Income taxes | (1,318) | (1,154) | (919) | 14 % | 26 % |
other income 2013 other income decreased in 2008 compared to 2007 due to lower gains from real estate sales and decreased returns on cash investments reflecting lower interest rates . higher rental and licensing income and lower interest expense on our sale of receivables program partially offset the decreases . lower net gains from non-operating asset sales ( primarily real estate ) drove the reduction in other income in 2007 . recognition of rental income in 2006 from the settlement of a rent dispute also contributed to the year-over-year decrease in other income . cash investment returns increased $ 21 million due to larger cash balances and higher interest rates . interest expense 2013 interest expense increased in 2008 versus 2007 due to a higher weighted-average debt level of $ 8.3 billion , compared to $ 7.3 billion in 2007 . a lower effective interest rate of 6.1% ( 6.1 % ) in 2008 , compared to 6.6% ( 6.6 % ) in 2007 , partially offset the effects of the higher weighted-average debt level . an increase in the weighted-average debt levels to $ 7.3 billion from $ 7.1 billion in 2006 generated higher interest expense in 2007 . a lower effective interest rate of 6.6% ( 6.6 % ) in 2007 , compared to 6.7% ( 6.7 % ) in 2006 , partially offset the effects of the higher debt level . income taxes 2013 income taxes were higher in 2008 compared to 2007 , driven by higher pre-tax income . our effective tax rates were 36.1% ( 36.1 % ) and 38.4% ( 38.4 % ) in 2008 and 2007 , respectively . the lower effective tax rate in 2008 resulted from several reductions in tax expense related to federal audits and state tax law changes . in addition , the effective tax rate in 2007 was increased by illinois legislation that increased deferred tax expense in the third quarter of 2007 . income taxes were $ 235 million higher in 2007 compared to 2006 , due primarily to higher pre-tax income and the effect of new tax legislation in the state of illinois that changed how we determine the amount of our income subject to illinois tax . the illinois legislation increased our deferred tax expense by $ 27 million in 2007 . our effective tax rates were 38.4% ( 38.4 % ) and 36.4% ( 36.4 % ) in 2007 and 2006 , respectively. .
|
string
| null |
other_income_2008 = 92
other_income_2007 = 116
other_income_2006 = 118
average_other_income = (other_income_2008 + other_income_2007 + other_income_2006) / 3
answer = average_other_income
|
what is the net change in net revenue during 2008 for entergy arkansas?
|
7.3000001907
|
CodeFinQA
|
entergy arkansas , inc . management's financial discussion and analysis results of operations net income 2008 compared to 2007 net income decreased $ 92.0 million primarily due to higher other operation and maintenance expenses , higher depreciation and amortization expenses , and a higher effective income tax rate , partially offset by higher net revenue . the higher other operation and maintenance expenses resulted primarily from the write-off of approximately $ 70.8 million of costs as a result of the december 2008 arkansas court of appeals decision in entergy arkansas' base rate case . the base rate case is discussed in more detail in note 2 to the financial statements . 2007 compared to 2006 net income decreased $ 34.0 million primarily due to higher other operation and maintenance expenses , higher depreciation and amortization expenses , and a higher effective income tax rate . the decrease was partially offset by higher net revenue . net revenue 2008 compared to 2007 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory credits . following is an analysis of the change in net revenue comparing 2008 to 2007 . amount ( in millions ) .
| | Amount (In Millions) |
| :--- | :--- |
| 2007 net revenue | $1,110.6 |
| Rider revenue | 13.6 |
| Purchased power capacity | 4.8 |
| Volume/weather | (14.6) |
| Other | 3.5 |
| 2008 net revenue | $1,117.9 |
the rider revenue variance is primarily due to an energy efficiency rider which became effective in november 2007 . the establishment of the rider results in an increase in rider revenue and a corresponding increase in other operation and maintenance expense with no effect on net income . also contributing to the variance was an increase in franchise tax rider revenue as a result of higher retail revenues . the corresponding increase is in taxes other than income taxes , resulting in no effect on net income . the purchased power capacity variance is primarily due to lower reserve equalization expenses . the volume/weather variance is primarily due to the effect of less favorable weather on residential and commercial sales during the billed and unbilled sales periods compared to 2007 and a 2.9% ( 2.9 % ) volume decrease in industrial sales , primarily in the wood industry and the small customer class . billed electricity usage decreased 333 gwh in all sectors . see "critical accounting estimates" below and note 1 to the financial statements for further discussion of the accounting for unbilled revenues. .
|
string
| null |
net_revenue_2008 = 1117.9
net_revenue_2007 = 1110.6
change = net_revenue_2008 - net_revenue_2007
answer = change
|
how much more was the average wti crude price than the wcs price in 2012?
|
20.9699993134
|
CodeFinQA
|
discount to brent was narrower in 2013 than in 2012 and 2011 . as a result of the significant increase in u.s . production of light sweet crude oil , the historical relationship between wti , brent and lls pricing may not be indicative of future periods . composition 2013 the proportion of our liquid hydrocarbon sales volumes that are ngls continues to increase due to our development of united states unconventional liquids-rich plays . ngls were 15 percent of our north america e&p liquid hydrocarbon sales volumes in 2013 compared to 10 percent in 2012 and 7 percent in 2011 . natural gas 2013 a significant portion of our natural gas production in the u.s . is sold at bid-week prices , or first-of-month indices relative to our specific producing areas . average henry hub settlement prices for natural gas were 31 percent higher for 2013 than for 2012 . international e&p liquid hydrocarbons 2013 our international e&p crude oil production is relatively sweet and has historically sold in relation to the brent crude benchmark , which on average was 3 percent lower for 2013 than 2012 . natural gas 2013 our major international e&p natural gas-producing regions are europe and e.g . natural gas prices in europe have been considerably higher than the u.s . in recent years . in the case of e.g. , our natural gas sales are subject to term contracts , making realized prices in these areas less volatile . the natural gas sales from e.g . are at fixed prices ; therefore , our reported average international e&p natural gas realized prices may not fully track market price movements . oil sands mining the oil sands mining segment produces and sells various qualities of synthetic crude oil . output mix can be impacted by operational problems or planned unit outages at the mines or upgrader . sales prices for roughly two-thirds of the normal output mix has historically tracked movements in wti and one-third has historically tracked movements in the canadian heavy crude oil marker , primarily wcs . the wcs discount to wti has been increasing on average in each year presented below . despite a wider wcs discount in 2013 , our average oil sands mining price realizations increased due to a greater proportion of higher value synthetic crude oil sales volumes compared to 2012 . the operating cost structure of the oil sands mining operations is predominantly fixed and therefore many of the costs incurred in times of full operation continue during production downtime . per-unit costs are sensitive to production rates . key variable costs are natural gas and diesel fuel , which track commodity markets such as the aeco natural gas sales index and crude oil prices , respectively . the table below shows average benchmark prices that impact both our revenues and variable costs: .
| Benchmark | 2013 | 2012 | 2011 |
| :--- | :--- | :--- | :--- |
| WTI crude oil(Dollars per bbl) | $98.05 | $94.15 | $95.11 |
| WCS(Dollars per bbl)<sup>(a)</sup> | $72.77 | $73.18 | $77.97 |
| AECO natural gas sales index(Dollars per mmbtu)<sup>(b)</sup> | $3.08 | $2.39 | $3.68 |
wcs ( dollars per bbl ) ( a ) $ 72.77 $ 73.18 $ 77.97 aeco natural gas sales index ( dollars per mmbtu ) ( b ) $ 3.08 $ 2.39 $ 3.68 ( a ) monthly pricing based upon average wti adjusted for differentials unique to western canada . ( b ) monthly average day ahead index. .
|
string
| null |
wti_price_2013 = 94.15
wcs_price_2013 = 73.18
difference = wti_price_2013 - wcs_price_2013
answer = difference
|
what is the total cost of equity compensation plans approved by stockholders?
|
27135098
|
CodeFinQA
|
dividends and distributions we pay regular quarterly dividends to holders of our common stock . on february 16 , 2007 , our board of directors declared the first quarterly installment of our 2007 dividend in the amount of $ 0.475 per share , payable on march 30 , 2007 to stockholders of record on march 20 , 2007 . we expect to distribute 100% ( 100 % ) or more of our taxable net income to our stockholders for 2007 . our board of directors normally makes decisions regarding the frequency and amount of our dividends on a quarterly basis . because the board considers a number of factors when making these decisions , we cannot assure you that we will maintain the policy stated above . please see 201ccautionary statements 201d and the risk factors included in part i , item 1a of this annual report on form 10-k for a description of other factors that may affect our distribution policy . our stockholders may reinvest all or a portion of any cash distribution on their shares of our common stock by participating in our distribution reinvestment and stock purchase plan , subject to the terms of the plan . see 201cnote 15 2014capital stock 201d of the notes to consolidated financial statements included in item 8 of this annual report on form 10-k . director and employee stock sales certain of our directors , executive officers and other employees have adopted and may , from time to time in the future , adopt non-discretionary , written trading plans that comply with rule 10b5-1 under the exchange act , or otherwise monetize their equity-based compensation . securities authorized for issuance under equity compensation plans the following table summarizes information with respect to our equity compensation plans as of december 31 , 2006 : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) equity compensation plans approved by stockholders ( 1 ) . . 1118051 $ 24.27 8373727 equity compensation plans not approved by stockholders ( 2 ) . . 18924 n/a 1145354 .
| Plan Category | (a) Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants andRights | (b) Weighted Average Exercise Price of Outstanding Options, Warrants and Rights | (c) Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in Column(a) |
| :--- | :--- | :--- | :--- |
| Equity compensation plans approved by stockholders (1) | 1,118,051 | $24.27 | 8,373,727 |
| Equity compensation plans not approved by stockholders (2) | 18,924 | N/A | 1,145,354 |
| Total | 1,136,975 | $24.27 | 9,519,081 |
( 1 ) these plans consist of ( i ) the 1987 incentive compensation program ( employee plan ) ; ( ii ) the theratx , incorporated 1996 stock option/stock issuance plan ; ( iii ) the 2000 incentive compensation plan ( employee plan ) ( formerly known as the 1997 incentive compensation plan ) ; ( iv ) the 2004 stock plan for directors ( which amended and restated the 2000 stock option plan for directors ( formerly known as the 1997 stock option plan for non-employee directors ) ) ; ( v ) the employee and director stock purchase plan ; ( vi ) the 2006 incentive plan ; and ( vii ) the 2006 stock plan for directors . ( 2 ) these plans consist of ( i ) the common stock purchase plan for directors , under which our non-employee directors may receive common stock in lieu of directors 2019 fees , ( ii ) the nonemployee director deferred stock compensation plan , under which our non-employee directors may receive units convertible on a one-for-one basis into common stock in lieu of director fees , and ( iii ) the executive deferred stock compensation plan , under which our executive officers may receive units convertible on a one-for-one basis into common stock in lieu of compensation. .
|
string
| null |
shares_issued = 1118051
price = 24.27
cash_spent = shares_issued * price
answer = cash_spent
|
what was the percent of the change in the weighted average grant date fair value of our restricted stock awards from 2006 to 2007
|
16.9699993134
|
CodeFinQA
|
humana inc . notes to consolidated financial statements 2014 ( continued ) the total intrinsic value of stock options exercised during 2007 was $ 133.9 million , compared with $ 133.7 million during 2006 and $ 57.8 million during 2005 . cash received from stock option exercises for the years ended december 31 , 2007 , 2006 , and 2005 totaled $ 62.7 million , $ 49.2 million , and $ 36.4 million , respectively . total compensation expense related to nonvested options not yet recognized was $ 23.6 million at december 31 , 2007 . we expect to recognize this compensation expense over a weighted average period of approximately 1.6 years . restricted stock awards restricted stock awards are granted with a fair value equal to the market price of our common stock on the date of grant . compensation expense is recorded straight-line over the vesting period , generally three years from the date of grant . the weighted average grant date fair value of our restricted stock awards was $ 63.59 , $ 54.36 , and $ 32.81 for the years ended december 31 , 2007 , 2006 , and 2005 , respectively . activity for our restricted stock awards was as follows for the year ended december 31 , 2007 : shares weighted average grant-date fair value .
| | Shares | Weighted Average Grant-Date Fair Value |
| :--- | :--- | :--- |
| Nonvested restricted stock at December 31, 2006 | 1,107,455 | $45.86 |
| Granted | 852,353 | 63.59 |
| Vested | (51,206) | 56.93 |
| Forfeited | (63,624) | 49.65 |
| Nonvested restricted stock at December 31, 2007 | 1,844,978 | $53.61 |
the fair value of shares vested during the years ended december 31 , 2007 , 2006 , and 2005 was $ 3.4 million , $ 2.3 million , and $ 0.6 million , respectively . total compensation expense related to nonvested restricted stock awards not yet recognized was $ 44.7 million at december 31 , 2007 . we expect to recognize this compensation expense over a weighted average period of approximately 1.4 years . there are no other contractual terms covering restricted stock awards once vested. .
|
string
| null |
fair_value_2007 = 63.59
fair_value_2006 = 54.36
percent_change = (fair_value_2007 - fair_value_2006) / fair_value_2006
answer = percent_change * 100
|
what was the change in ending accrued warranty and related cost between 2006 and 2007 , in millions?
|
54
|
CodeFinQA
|
notes to consolidated financial statements ( continued ) note 8 2014commitments and contingencies ( continued ) the following table reconciles changes in the company 2019s accrued warranties and related costs ( in millions ) : .
| | 2007 | 2006 | 2005 |
| :--- | :--- | :--- | :--- |
| Beginning accrued warranty and related costs | $284 | $188 | $105 |
| Cost of warranty claims | (281) | (267) | (188) |
| Accruals for product warranties | 227 | 363 | 271 |
| Ending accrued warranty and related costs | $230 | $284 | $188 |
the company generally does not indemnify end-users of its operating system and application software against legal claims that the software infringes third-party intellectual property rights . other agreements entered into by the company sometimes include indemnification provisions under which the company could be subject to costs and/or damages in the event of an infringement claim against the company or an indemnified third-party . however , the company has not been required to make any significant payments resulting from such an infringement claim asserted against itself or an indemnified third-party and , in the opinion of management , does not have a potential liability related to unresolved infringement claims subject to indemnification that would have a material adverse effect on its financial condition or operating results . therefore , the company did not record a liability for infringement costs as of either september 29 , 2007 or september 30 , 2006 . concentrations in the available sources of supply of materials and product certain key components including , but not limited to , microprocessors , enclosures , certain lcds , certain optical drives , and application-specific integrated circuits ( 2018 2018asics 2019 2019 ) are currently obtained by the company from single or limited sources which subjects the company to supply and pricing risks . many of these and other key components that are available from multiple sources including , but not limited to , nand flash memory , dram memory , and certain lcds , are at times subject to industry-wide shortages and significant commodity pricing fluctuations . in addition , the company has entered into certain agreements for the supply of critical components at favorable pricing , and there is no guarantee that the company will be able to extend or renew these agreements when they expire . therefore , the company remains subject to significant risks of supply shortages and/or price increases that can adversely affect gross margins and operating margins . in addition , the company uses some components that are not common to the rest of the global personal computer , consumer electronics and mobile communication industries , and new products introduced by the company often utilize custom components obtained from only one source until the company has evaluated whether there is a need for and subsequently qualifies additional suppliers . if the supply of a key single-sourced component to the company were to be delayed or curtailed , or in the event a key manufacturing vendor delays shipments of completed products to the company , the company 2019s ability to ship related products in desired quantities and in a timely manner could be adversely affected . the company 2019s business and financial performance could also be adversely affected depending on the time required to obtain sufficient quantities from the original source , or to identify and obtain sufficient quantities from an alternative source . continued availability of these components may be affected if producers were to decide to concentrate on the production of common components instead of components customized to meet the company 2019s requirements . finally , significant portions of the company 2019s cpus , ipods , iphones , logic boards , and other assembled products are now manufactured by outsourcing partners , primarily in various parts of asia . a significant concentration of this outsourced manufacturing is currently performed by only a few of the company 2019s outsourcing partners , often in single locations . certain of these outsourcing partners are the sole-sourced supplier of components and manufacturing outsourcing for many of the company 2019s key products , including but not limited to , assembly .
|
string
| null |
ending_accrued_warranty_cost = 230
beginning_accrued_warranty_cost = 284
cost_of_warranty_claims = 281
accruals_for_product_warranties = 227
increase = ending_accrued_warranty_cost - beginning_accrued_warranty_cost
answer = increase
|
what is the expense related to severance and other employee termination-related costs as a percentage of the acquisition integration realignment and other expenses in 2009?
|
25.2999992371
|
CodeFinQA
|
realignment and other 201d expenses . acquisition , integration , realignment and other expenses for the years ended december 31 , 2009 , 2008 and 2007 , included ( in millions ) : .
| | 2009 | 2008 | 2007 |
| :--- | :--- | :--- | :--- |
| Adjustment or impairment of acquired assets and obligations, net | $(1.5) | $(10.4) | $(1.2) |
| Consulting and professional fees | 11.7 | 13.2 | 1.0 |
| Employee severance and retention, including share-based compensation acceleration | 19.0 | 0.2 | 1.6 |
| Information technology integration | 1.1 | 0.7 | 2.6 |
| In-process research & development | β | 38.5 | 6.5 |
| Vacated facilities | 1.4 | β | β |
| Facility and employee relocation | 5.4 | 7.5 | β |
| Distributor acquisitions | 1.1 | 6.9 | 4.1 |
| Certain litigation matters | 23.4 | β | β |
| Contract terminations | 9.4 | 5.7 | 5.4 |
| Other | 4.3 | 6.2 | 5.2 |
| Acquisition, integration, realignment and other | $75.3 | $68.5 | $25.2 |
adjustment or impairment of acquired assets and obligations relates to impairment on assets that were acquired in business combinations or adjustments to certain liabilities of acquired companies due to changes in circumstances surrounding those liabilities subsequent to the related measurement period . consulting and professional fees relate to third-party integration consulting performed in a variety of areas such as tax , compliance , logistics and human resources and include third-party fees related to severance and termination benefits matters . these fees also include legal fees related to litigation matters involving acquired businesses that existed prior to our acquisition or resulted from our acquisition . during 2009 , we commenced a global realignment initiative to focus on business opportunities that best support our strategic priorities . as part of this realignment , we initiated changes in our work force , eliminating positions in some areas and increasing others . approximately 300 employees from across the globe were affected by these actions . as a result of these changes in our work force and headcount reductions from acquisitions , we recorded expense of $ 19.0 million related to severance and other employee termination-related costs . these termination benefits were provided in accordance with our existing or local government policies and are considered ongoing benefits . these costs were accrued when they became probable and estimable and were recorded as part of other current liabilities . the majority of these costs were paid during 2009 . information technology integration relates to the non- capitalizable costs associated with integrating the information systems of acquired businesses . in-process research and development charges for 2008 relate to the acquisition of abbott spine . in-process research and development charges for 2007 relate to the acquisitions of endius and orthosoft . in 2009 , we ceased using certain leased facilities and , accordingly , recorded expense for the remaining lease payments , less estimated sublease recoveries , and wrote-off any assets being used in those facilities . facility and employee relocation relates to costs associated with relocating certain facilities . most notably , we consolidated our legacy european distribution centers into a new distribution center in eschbach , germany . over the past three years we have acquired a number of u.s . and foreign-based distributors . we have incurred various costs related to the acquisition and integration of those businesses . certain litigation matters relate to costs recognized during the year for the estimated or actual settlement of various legal matters , including patent litigation matters , commercial litigation matters and matters arising from our acquisitions of certain competitive distributorships in prior years . we recognize expense for the potential settlement of a legal matter when we believe it is probable that a loss has been incurred and we can reasonably estimate the loss . in 2009 , we made a concerted effort to settle many of these matters to avoid further litigation costs . contract termination costs relate to terminated agreements in connection with the integration of acquired companies . the terminated contracts primarily relate to sales agents and distribution agreements . cash and cash equivalents 2013 we consider all highly liquid investments with an original maturity of three months or less to be cash equivalents . the carrying amounts reported in the balance sheet for cash and cash equivalents are valued at cost , which approximates their fair value . certificates of deposit 2013 we invest in cash deposits with original maturities greater than three months and classify these investments as certificates of deposit on our consolidated balance sheet . the carrying amounts reported in the balance sheet for certificates of deposit are valued at cost , which approximates their fair value . inventories 2013 inventories , net of allowances for obsolete and slow-moving goods , are stated at the lower of cost or market , with cost determined on a first-in first-out basis . property , plant and equipment 2013 property , plant and equipment is carried at cost less accumulated depreciation . depreciation is computed using the straight-line method based on estimated useful lives of ten to forty years for buildings and improvements and three to eight years for machinery and equipment . maintenance and repairs are expensed as incurred . we review property , plant and equipment for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable . an impairment loss would be recognized when estimated future undiscounted cash flows relating to the asset are less than its carrying amount . an impairment loss is measured as the amount by which the carrying amount of an asset exceeds its fair value . z i m m e r h o l d i n g s , i n c . 2 0 0 9 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) %%transmsg*** transmitting job : c55340 pcn : 043000000 ***%%pcmsg|43 |00008|yes|no|02/24/2010 01:32|0|0|page is valid , no graphics -- color : d| .
|
string
| null |
severance_cost = 19.0
acquisition_integration_realignment_other_expenses = 75.3
percentage_of_acquisition_integration_realignment_other_expenses = severance_cost / acquisition_integration_realignment_other_expenses
answer = percentage_of_acquisition_integration_realignment_other_expenses * 100
|
what was the percentage change in the total accounts payable and other current liabilities
|
5.5999999046
|
CodeFinQA
|
the analysis of our depreciation studies . changes in the estimated service lives of our assets and their related depreciation rates are implemented prospectively . under group depreciation , the historical cost ( net of salvage ) of depreciable property that is retired or replaced in the ordinary course of business is charged to accumulated depreciation and no gain or loss is recognized . the historical cost of certain track assets is estimated using ( i ) inflation indices published by the bureau of labor statistics and ( ii ) the estimated useful lives of the assets as determined by our depreciation studies . the indices were selected because they closely correlate with the major costs of the properties comprising the applicable track asset classes . because of the number of estimates inherent in the depreciation and retirement processes and because it is impossible to precisely estimate each of these variables until a group of property is completely retired , we continually monitor the estimated service lives of our assets and the accumulated depreciation associated with each asset class to ensure our depreciation rates are appropriate . in addition , we determine if the recorded amount of accumulated depreciation is deficient ( or in excess ) of the amount indicated by our depreciation studies . any deficiency ( or excess ) is amortized as a component of depreciation expense over the remaining service lives of the applicable classes of assets . for retirements of depreciable railroad properties that do not occur in the normal course of business , a gain or loss may be recognized if the retirement meets each of the following three conditions : ( i ) is unusual , ( ii ) is material in amount , and ( iii ) varies significantly from the retirement profile identified through our depreciation studies . a gain or loss is recognized in other income when we sell land or dispose of assets that are not part of our railroad operations . when we purchase an asset , we capitalize all costs necessary to make the asset ready for its intended use . however , many of our assets are self-constructed . a large portion of our capital expenditures is for replacement of existing track assets and other road properties , which is typically performed by our employees , and for track line expansion and other capacity projects . costs that are directly attributable to capital projects ( including overhead costs ) are capitalized . direct costs that are capitalized as part of self- constructed assets include material , labor , and work equipment . indirect costs are capitalized if they clearly relate to the construction of the asset . general and administrative expenditures are expensed as incurred . normal repairs and maintenance are also expensed as incurred , while costs incurred that extend the useful life of an asset , improve the safety of our operations or improve operating efficiency are capitalized . these costs are allocated using appropriate statistical bases . total expense for repairs and maintenance incurred was $ 2.3 billion for 2013 , $ 2.1 billion for 2012 , and $ 2.2 billion for 2011 . assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease . amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease . 12 . accounts payable and other current liabilities dec . 31 , dec . 31 , millions 2013 2012 .
| <i>Millions</i> | <i>Dec. 31,</i> <i>2013</i> | <i>Dec. 31,</i><i>2012</i> |
| :--- | :--- | :--- |
| Accounts payable | $803 | $825 |
| Income and other taxes payable | 491 | 368 |
| Accrued wages and vacation | 385 | 376 |
| Dividends payable | 356 | 318 |
| Accrued casualty costs | 207 | 213 |
| Interest payable | 169 | 172 |
| Equipment rents payable | 96 | 95 |
| Other | 579 | 556 |
| Total accounts payable and othercurrent liabilities | $3,086 | $2,923 |
.
|
string
| null |
accounts_payable_2013 = 3086
accounts_payable_2012 = 2923
decrease = accounts_payable_2013 - accounts_payable_2012
percent_change = decrease / accounts_payable_2012
answer = percent_change * 100
|
what is the mathematical mean for all three investments as of dec 31 , 2017?
|
277.4599914551
|
CodeFinQA
|
performance graph the following graph compares the total return , assuming reinvestment of dividends , on an investment in the company , based on performance of the company's common stock , with the total return of the standard & poor's 500 composite stock index and the dow jones united states travel and leisure index for a five year period by measuring the changes in common stock prices from december 31 , 2012 to december 31 , 2017. .
| | 12/12 | 12/13 | 12/14 | 12/15 | 12/16 | 12/17 |
| :--- | :--- | :--- | :--- | :--- | :--- | :--- |
| Royal Caribbean Cruises Ltd. | 100.00 | 142.11 | 251.44 | 313.65 | 260.04 | 385.47 |
| S&P 500 | 100.00 | 132.39 | 150.51 | 152.59 | 170.84 | 208.14 |
| Dow Jones US Travel & Leisure | 100.00 | 145.48 | 169.28 | 179.27 | 192.85 | 238.77 |
the stock performance graph assumes for comparison that the value of the company's common stock and of each index was $ 100 on december 31 , 2012 and that all dividends were reinvested . past performance is not necessarily an indicator of future results. .
|
string
| null |
total_return_company = 385.47
total_return_index = 208.14
total_return_travel = 238.77
mean = (total_return_company + total_return_index + total_return_travel) / 3
answer = mean
|
what was the dollar amount in millions for net reclassifications for the year ended december 31 , 2013 due to the commercial portfolio?
|
760.3499755859
|
CodeFinQA
|
during 2014 , $ 91 million of provision recapture was recorded for purchased impaired loans compared to $ 11 million of provision expense for 2013 . the charge-offs ( which were specifically for commercial loans greater than a defined threshold ) during 2014 were $ 42 million compared to $ 104 million for 2013 . at december 31 , 2014 , the allowance for loan and lease losses was $ .9 billion on $ 4.4 billion of purchased impaired loans while the remaining $ .5 billion of purchased impaired loans required no allowance as the net present value of expected cash flows equaled or exceeded the recorded investment . as of december 31 , 2013 , the allowance for loan and lease losses related to purchased impaired loans was $ 1.0 billion . if any allowance for loan losses is recognized on a purchased impaired pool , which is accounted for as a single asset , the entire balance of that pool would be disclosed as requiring an allowance . subsequent increases in the net present value of cash flows will result in a provision recapture of any previously recorded allowance for loan and lease losses , to the extent applicable , and/or a reclassification from non-accretable difference to accretable yield , which will be recognized prospectively . individual loan transactions where final dispositions have occurred ( as noted above ) result in removal of the loans from their applicable pools for cash flow estimation purposes . the cash flow re-estimation process is completed quarterly to evaluate the appropriateness of the allowance associated with the purchased impaired loans . activity for the accretable yield during 2014 and 2013 follows : table 72 : purchased impaired loans 2013 accretable yield .
| In millions | 2014 | 2013 |
| :--- | :--- | :--- |
| January 1 | $2,055 | $2,166 |
| Accretion (including excess cash recoveries) | (587) | (695) |
| Net reclassifications to accretable from non-accretable (a) | 208 | 613 |
| Disposals | (118) | (29) |
| December 31 | $1,558 | $2,055 |
( a ) approximately 93% ( 93 % ) of net reclassifications for the year ended december 31 , 2014 were within the commercial portfolio as compared to 37% ( 37 % ) for year ended december 31 , 2013 . note 5 allowances for loan and lease losses and unfunded loan commitments and letters of credit allowance for loan and lease losses we maintain the alll at levels that we believe to be appropriate to absorb estimated probable credit losses incurred in the portfolios as of the balance sheet date . we use the two main portfolio segments 2013 commercial lending and consumer lending 2013 and develop and document the alll under separate methodologies for each of these segments as discussed in note 1 accounting policies . a rollforward of the alll and associated loan data is presented below . the pnc financial services group , inc . 2013 form 10-k 143 .
|
string
| null |
value = 2055
percentage = 0.37
answer = value * percentage
|
what portion of total operating expenses is related to compensation and benefits in 2016?
|
57.4000015259
|
CodeFinQA
|
the goldman sachs group , inc . and subsidiaries management 2019s discussion and analysis other principal transactions revenues in the consolidated statements of earnings were $ 3.20 billion for 2016 , 36% ( 36 % ) lower than 2015 , primarily due to significantly lower revenues from investments in equities , primarily reflecting a significant decrease in net gains from private equities , driven by company-specific events and corporate performance . in addition , revenues in debt securities and loans were significantly lower compared with 2015 , reflecting significantly lower revenues related to relationship lending activities , due to the impact of changes in credit spreads on economic hedges . losses related to these hedges were $ 596 million in 2016 , compared with gains of $ 329 million in 2015 . this decrease was partially offset by higher net gains from investments in debt instruments . see note 9 to the consolidated financial statements for further information about economic hedges related to our relationship lending activities . net interest income . net interest income in the consolidated statements of earnings was $ 2.59 billion for 2016 , 16% ( 16 % ) lower than 2015 , reflecting an increase in interest expense primarily due to the impact of higher interest rates on other interest-bearing liabilities , interest- bearing deposits and collateralized financings , and increases in total average long-term borrowings and total average interest-bearing deposits . the increase in interest expense was partially offset by higher interest income related to collateralized agreements , reflecting the impact of higher interest rates , and loans receivable , reflecting an increase in total average balances and the impact of higher interest rates . see 201cstatistical disclosures 2014 distribution of assets , liabilities and shareholders 2019 equity 201d for further information about our sources of net interest income . operating expenses our operating expenses are primarily influenced by compensation , headcount and levels of business activity . compensation and benefits includes salaries , discretionary compensation , amortization of equity awards and other items such as benefits . discretionary compensation is significantly impacted by , among other factors , the level of net revenues , overall financial performance , prevailing labor markets , business mix , the structure of our share- based compensation programs and the external environment . in addition , see 201cuse of estimates 201d for further information about expenses that may arise from litigation and regulatory proceedings . in the context of the challenging environment , we completed an initiative during 2016 that identified areas where we can operate more efficiently , resulting in a reduction of approximately $ 900 million in annual run rate compensation . for 2016 , net savings from this initiative , after severance and other related costs , were approximately $ 500 million . the table below presents our operating expenses and total staff ( including employees , consultants and temporary staff ) . .
| | Year Ended December |
| :--- | :--- |
| <i>$ in millions</i> | 2017 | 2016 | 2015 |
| Compensation and benefits | $11,853 | $11,647 | $12,678 |
| Brokerage, clearing, exchangeand distribution fees | 2,540 | 2,555 | 2,576 |
| Market development | 588 | 457 | 557 |
| Communications and technology | 897 | 809 | 806 |
| Depreciation and amortization | 1,152 | 998 | 991 |
| Occupancy | 733 | 788 | 772 |
| Professional fees | 965 | 882 | 963 |
| Other expenses | 2,213 | 2,168 | 5,699 |
| Totalnon-compensationexpenses | 9,088 | 8,657 | 12,364 |
| Total operating expenses | $20,941 | $20,304 | $25,042 |
| Total staff atperiod-end | 36,600 | 34,400 | 36,800 |
in the table above , other expenses for 2015 included $ 3.37 billion recorded for the settlement agreement with the rmbs working group . see note 27 to the consolidated financial statements in part ii , item 8 of our annual report on form 10-k for the year ended december 31 , 2015 for further information . 2017 versus 2016 . operating expenses in the consolidated statements of earnings were $ 20.94 billion for 2017 , 3% ( 3 % ) higher than 2016 . compensation and benefits expenses in the consolidated statements of earnings were $ 11.85 billion for 2017 , 2% ( 2 % ) higher than 2016 . the ratio of compensation and benefits to net revenues for 2017 was 37.0% ( 37.0 % ) compared with 38.1% ( 38.1 % ) for 2016 . non-compensation expenses in the consolidated statements of earnings were $ 9.09 billion for 2017 , 5% ( 5 % ) higher than 2016 , primarily driven by our investments to fund growth . the increase compared with 2016 reflected higher expenses related to consolidated investments and our digital lending and deposit platform , marcus : by goldman sachs ( marcus ) . these increases were primarily included in depreciation and amortization expenses , market development expenses and other expenses . in addition , technology expenses increased , reflecting higher expenses related to cloud-based services and software depreciation , and professional fees increased , primarily related to consulting costs . these increases were partially offset by lower net provisions for litigation and regulatory proceedings , and lower occupancy expenses ( primarily related to exit costs in 2016 ) . net provisions for litigation and regulatory proceedings for 2017 were $ 188 million compared with $ 396 million for 2016 . 2017 included a $ 127 million charitable contribution to goldman sachs gives , our donor-advised fund . compensation was reduced to fund this charitable contribution to goldman sachs gives . we ask our participating managing directors to make recommendations regarding potential charitable recipients for this contribution . 54 goldman sachs 2017 form 10-k .
|
string
| null |
comp_benefits_2017 = 11647
total_expenses_2017 = 20304
percent_comp_benefits = comp_benefits_2017 / total_expenses_2017
answer = percent_comp_benefits * 100
|
what is the total cash used for the repurchase of shares during october , ( in millions ) ?
|
44
|
CodeFinQA
|
transfer agent and registrar for common stock the transfer agent and registrar for our common stock is : computershare shareowner services llc 480 washington boulevard 29th floor jersey city , new jersey 07310 telephone : ( 877 ) 363-6398 sales of unregistered securities not applicable . repurchase of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2015 to december 31 , 2015 . total number of shares ( or units ) purchased 1 average price paid per share ( or unit ) 2 total number of shares ( or units ) purchased as part of publicly announced plans or programs 3 maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs 3 .
| | Total Number ofShares (or Units)Purchased<sup>1</sup> | Average Price Paidper Share (or Unit)<sup>2</sup> | Total Number ofShares (or Units)Purchased as Part ofPublicly AnnouncedPlans or Programs<sup>3</sup> | Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs<sup>3</sup> |
| :--- | :--- | :--- | :--- | :--- |
| October 1 - 31 | 2,140,511 | $20.54 | 2,139,507 | $227,368,014 |
| November 1 - 30 | 1,126,378 | $22.95 | 1,124,601 | $201,557,625 |
| December 1 - 31 | 1,881,992 | $22.97 | 1,872,650 | $158,553,178 |
| Total | 5,148,881 | $21.96 | 5,136,758 | |
1 included shares of our common stock , par value $ 0.10 per share , withheld under the terms of grants under employee stock-based compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares ( the 201cwithheld shares 201d ) . we repurchased 1004 withheld shares in october 2015 , 1777 withheld shares in november 2015 and 9342 withheld shares in december 2015 . 2 the average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum of the applicable period of the aggregate value of the tax withholding obligations and the aggregate amount we paid for shares acquired under our stock repurchase program , described in note 5 to the consolidated financial statements , by the sum of the number of withheld shares and the number of shares acquired in our stock repurchase program . 3 in february 2015 , the board authorized a share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock ( the 201c2015 share repurchase program 201d ) . on february 12 , 2016 , we announced that our board had approved a new share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock . the new authorization is in addition to any amounts remaining for repurchase under the 2015 share repurchase program . there is no expiration date associated with the share repurchase programs. .
|
string
| null |
shares_repurchased = 2140511
price = 20.54
cash_used = shares_repurchased * price
answer = cash_used / 1000000
|
what is the increase in rent expense from 2008 to 2009?
|
14.3999996185
|
CodeFinQA
|
future minimum operating lease payments for leases with remaining terms greater than one year for each of the years in the five years ending december 31 , 2015 , and thereafter in the aggregate , are as follows ( in millions ) : .
| 2011 | $65.1 |
| :--- | :--- |
| 2012 | 47.6 |
| 2013 | 35.7 |
| 2014 | 27.8 |
| 2015 | 24.3 |
| Thereafter | 78.1 |
| Total | $278.6 |
in addition , the company has operating lease commitments relating to office equipment and computer hardware with annual lease payments of approximately $ 16.3 million per year which renew on a short-term basis . rent expense incurred under all operating leases during the years ended december 31 , 2010 , 2009 and 2008 was $ 116.1 million , $ 100.2 million and $ 117.0 million , respectively . included in discontinued operations in the consolidated statements of earnings was rent expense of $ 2.0 million , $ 1.8 million and $ 17.0 million for the years ended december 31 , 2010 , 2009 and 2008 , respectively . data processing and maintenance services agreements . the company has agreements with various vendors , which expire between 2011 and 2017 , for portions of its computer data processing operations and related functions . the company 2019s estimated aggregate contractual obligation remaining under these agreements was approximately $ 554.3 million as of december 31 , 2010 . however , this amount could be more or less depending on various factors such as the inflation rate , foreign exchange rates , the introduction of significant new technologies , or changes in the company 2019s data processing needs . ( 16 ) employee benefit plans stock purchase plan fis employees participate in an employee stock purchase plan ( espp ) . eligible employees may voluntarily purchase , at current market prices , shares of fis 2019 common stock through payroll deductions . pursuant to the espp , employees may contribute an amount between 3% ( 3 % ) and 15% ( 15 % ) of their base salary and certain commissions . shares purchased are allocated to employees based upon their contributions . the company contributes varying matching amounts as specified in the espp . the company recorded an expense of $ 14.3 million , $ 12.4 million and $ 14.3 million , respectively , for the years ended december 31 , 2010 , 2009 and 2008 , relating to the participation of fis employees in the espp . included in discontinued operations in the consolidated statements of earnings was expense of $ 0.1 million and $ 3.0 million for the years ended december 31 , 2009 and 2008 , respectively . 401 ( k ) profit sharing plan the company 2019s employees are covered by a qualified 401 ( k ) plan . eligible employees may contribute up to 40% ( 40 % ) of their pretax annual compensation , up to the amount allowed pursuant to the internal revenue code . the company generally matches 50% ( 50 % ) of each dollar of employee contribution up to 6% ( 6 % ) of the employee 2019s total eligible compensation . the company recorded expense of $ 23.1 million , $ 16.6 million and $ 18.5 million , respectively , for the years ended december 31 , 2010 , 2009 and 2008 , relating to the participation of fis employees in the 401 ( k ) plan . included in discontinued operations in the consolidated statements of earnings was expense of $ 0.1 million and $ 3.9 million for the years ended december 31 , 2009 and 2008 , respectively . fidelity national information services , inc . and subsidiaries notes to consolidated financial statements 2014 ( continued ) %%transmsg*** transmitting job : g26369 pcn : 083000000 ***%%pcmsg|83 |00006|yes|no|03/28/2011 17:32|0|0|page is valid , no graphics -- color : n| .
|
string
| null |
rent_increase = 100.2 - 117.0
rent_decrease = rent_increase / 117.0
answer = rent_decrease * 100
|
what is the growth rate in the segment of display from 2014 to 2015?
|
11.5
|
CodeFinQA
|
backlog applied manufactures systems to meet demand represented by order backlog and customer commitments . backlog consists of : ( 1 ) orders for which written authorizations have been accepted and assigned shipment dates are within the next 12 months , or shipment has occurred but revenue has not been recognized ; and ( 2 ) contractual service revenue and maintenance fees to be earned within the next 12 months . backlog by reportable segment as of october 25 , 2015 and october 26 , 2014 was as follows : 2015 2014 ( in millions , except percentages ) .
| | 2015 | 2014 | | (In millions, except percentages) |
| :--- | :--- | :--- | :--- | :--- |
| Silicon Systems | $1,720 | 55% | $1,400 | 48% |
| Applied Global Services | 812 | 26% | 775 | 27% |
| Display | 525 | 16% | 593 | 20% |
| Energy and Environmental Solutions | 85 | 3% | 149 | 5% |
| Total | $3,142 | 100% | $2,917 | 100% |
applied 2019s backlog on any particular date is not necessarily indicative of actual sales for any future periods , due to the potential for customer changes in delivery schedules or order cancellations . customers may delay delivery of products or cancel orders prior to shipment , subject to possible cancellation penalties . delays in delivery schedules or a reduction of backlog during any particular period could have a material adverse effect on applied 2019s business and results of operations . manufacturing , raw materials and supplies applied 2019s manufacturing activities consist primarily of assembly , test and integration of various proprietary and commercial parts , components and subassemblies that are used to manufacture systems . applied has implemented a distributed manufacturing model under which manufacturing and supply chain activities are conducted in various countries , including germany , israel , italy , singapore , taiwan , the united states and other countries in asia . applied uses numerous vendors , including contract manufacturers , to supply parts and assembly services for the manufacture and support of its products , including some systems being completed at customer sites . although applied makes reasonable efforts to assure that parts are available from multiple qualified suppliers , this is not always possible . accordingly , some key parts may be obtained from only a single supplier or a limited group of suppliers . applied seeks to reduce costs and to lower the risks of manufacturing and service interruptions by selecting and qualifying alternate suppliers for key parts ; monitoring the financial condition of key suppliers ; maintaining appropriate inventories of key parts ; qualifying new parts on a timely basis ; and ensuring quality and performance of parts. .
|
string
| null |
display_2015 = 525
display_2014 = 593
decrease = display_2015 - display_2014
percent_change = decrease / display_2014
answer = percent_change * 100
|
Subsets and Splits
Stock-Related Business Questions
The query retrieves examples related to stock market and investment from a dataset, providing a focused subset of text useful for analyzing questions and answers pertaining to financial topics.