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in millions for 2013 , what was the net change in commercial mortgage recourse obligations?
|
10
|
CodeFinQA
|
recourse and repurchase obligations as discussed in note 3 loan sale and servicing activities and variable interest entities , pnc has sold commercial mortgage , residential mortgage and home equity loans directly or indirectly through securitization and loan sale transactions in which we have continuing involvement . one form of continuing involvement includes certain recourse and loan repurchase obligations associated with the transferred assets . commercial mortgage loan recourse obligations we originate , close and service certain multi-family commercial mortgage loans which are sold to fnma under fnma 2019s delegated underwriting and servicing ( dus ) program . we participated in a similar program with the fhlmc . under these programs , we generally assume up to a one-third pari passu risk of loss on unpaid principal balances through a loss share arrangement . at december 31 , 2013 and december 31 , 2012 , the unpaid principal balance outstanding of loans sold as a participant in these programs was $ 11.7 billion and $ 12.8 billion , respectively . the potential maximum exposure under the loss share arrangements was $ 3.6 billion at december 31 , 2013 and $ 3.9 billion at december 31 , 2012 . we maintain a reserve for estimated losses based upon our exposure . the reserve for losses under these programs totaled $ 33 million and $ 43 million as of december 31 , 2013 and december 31 , 2012 , respectively , and is included in other liabilities on our consolidated balance sheet . if payment is required under these programs , we would not have a contractual interest in the collateral underlying the mortgage loans on which losses occurred , although the value of the collateral is taken into account in determining our share of such losses . our exposure and activity associated with these recourse obligations are reported in the corporate & institutional banking segment . table 152 : analysis of commercial mortgage recourse obligations .
| In millions | 2013 | 2012 |
| :--- | :--- | :--- |
| January 1 | $43 | $47 |
| Reserve adjustments, net | (9) | 4 |
| Losses – loan repurchases and settlements | (1) | (8) |
| December 31 | $33 | $43 |
residential mortgage loan and home equity repurchase obligations while residential mortgage loans are sold on a non-recourse basis , we assume certain loan repurchase obligations associated with mortgage loans we have sold to investors . these loan repurchase obligations primarily relate to situations where pnc is alleged to have breached certain origination covenants and representations and warranties made to purchasers of the loans in the respective purchase and sale agreements . for additional information on loan sales see note 3 loan sale and servicing activities and variable interest entities . our historical exposure and activity associated with agency securitization repurchase obligations has primarily been related to transactions with fnma and fhlmc , as indemnification and repurchase losses associated with fha and va-insured and uninsured loans pooled in gnma securitizations historically have been minimal . repurchase obligation activity associated with residential mortgages is reported in the residential mortgage banking segment . in the fourth quarter of 2013 , pnc reached agreements with both fnma and fhlmc to resolve their repurchase claims with respect to loans sold between 2000 and 2008 . pnc paid a total of $ 191 million related to these settlements . pnc 2019s repurchase obligations also include certain brokered home equity loans/lines of credit that were sold to a limited number of private investors in the financial services industry by national city prior to our acquisition of national city . pnc is no longer engaged in the brokered home equity lending business , and our exposure under these loan repurchase obligations is limited to repurchases of loans sold in these transactions . repurchase activity associated with brokered home equity loans/lines of credit is reported in the non-strategic assets portfolio segment . indemnification and repurchase liabilities are initially recognized when loans are sold to investors and are subsequently evaluated by management . initial recognition and subsequent adjustments to the indemnification and repurchase liability for the sold residential mortgage portfolio are recognized in residential mortgage revenue on the consolidated income statement . since pnc is no longer engaged in the brokered home equity lending business , only subsequent adjustments are recognized to the home equity loans/lines indemnification and repurchase liability . these adjustments are recognized in other noninterest income on the consolidated income statement . 214 the pnc financial services group , inc . 2013 form 10-k .
|
string
| null |
net_change_2013 = 43 - 33
answer = net_change_2013
|
what is the total value paid for purchased shares during november 2014?
|
27.7000007629
|
CodeFinQA
|
celanese purchases of its equity securities information regarding repurchases of our common stock during the three months ended december 31 , 2014 is as follows : period number of shares purchased ( 1 ) average price paid per share total number of shares purchased as part of publicly announced program approximate dollar value of shares remaining that may be purchased under the program ( 2 ) .
| Period | TotalNumberof SharesPurchased<sup>(1)</sup> | AveragePrice Paidper Share | Total Numberof SharesPurchased asPart of PubliclyAnnounced Program | ApproximateDollarValue of SharesRemaining thatmay bePurchased Underthe Program<sup>(2)</sup> |
| :--- | :--- | :--- | :--- | :--- |
| October 1 - 31, 2014 | 192,580 | $58.02 | 164,800 | $490,000,000 |
| November 1 - 30, 2014 | 468,128 | $59.25 | 468,128 | $463,000,000 |
| December 1 - 31, 2014 | 199,796 | $60.78 | 190,259 | $451,000,000 |
| Total | 860,504 | | 823,187 | |
___________________________ ( 1 ) includes 27780 and 9537 for october and december 2014 , respectively , related to shares withheld from employees to cover their statutory minimum withholding requirements for personal income taxes related to the vesting of restricted stock units . ( 2 ) our board of directors has authorized the aggregate repurchase of $ 1.4 billion of our common stock since february 2008 . see note 17 - stockholders' equity in the accompanying consolidated financial statements for further information . performance graph the following performance graph and related information shall not be deemed "soliciting material" or to be "filed" with the securities and exchange commission , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that we specifically incorporate it by reference into such filing . comparison of cumulative total return .
|
string
| null |
shares_repurchased = 468128
price = 59.25
value = shares_repurchased * price
answer = value / 1000000
|
what wa the total spent on share repurchases during 2014?
|
3311448832
|
CodeFinQA
|
five-year performance comparison 2013 the following graph provides an indicator of cumulative total shareholder returns for the corporation as compared to the peer group index ( described above ) , the dj trans , and the s&p 500 . the graph assumes that $ 100 was invested in the common stock of union pacific corporation and each index on december 31 , 2009 and that all dividends were reinvested . the information below is historical in nature and is not necessarily indicative of future performance . purchases of equity securities 2013 during 2014 , we repurchased 33035204 shares of our common stock at an average price of $ 100.24 . the following table presents common stock repurchases during each month for the fourth quarter of 2014 : period total number of shares purchased [a] average price paid per share total number of shares purchased as part of a publicly announced plan or program [b] maximum number of shares that may yet be purchased under the plan or program [b] .
| <i>Period</i> | <i>Total Number of</i><i>Shares</i><i>Purchased[a]</i> | <i>Average</i><i>Price Paid</i><i>PerShare</i> | <i>Total Number of Shares</i><i>Purchased as Part of a</i><i>Publicly Announced</i><i>Plan or Program [b]</i> | <i>Maximum Number of</i><i>Shares That May Yet</i><i>Be Purchased Under the Plan</i><i>or Program [b]</i> |
| :--- | :--- | :--- | :--- | :--- |
| Oct. 1 through Oct. 31 | 3,087,549 | $107.59 | 3,075,000 | 92,618,000 |
| Nov. 1 through Nov. 30 | 1,877,330 | 119.84 | 1,875,000 | 90,743,000 |
| Dec. 1 through Dec. 31 | 2,787,108 | 116.54 | 2,786,400 | 87,956,600 |
| Total | 7,751,987 | $113.77 | 7,736,400 | N/A |
[a] total number of shares purchased during the quarter includes approximately 15587 shares delivered or attested to upc by employees to pay stock option exercise prices , satisfy excess tax withholding obligations for stock option exercises or vesting of retention units , and pay withholding obligations for vesting of retention shares . [b] effective january 1 , 2014 , our board of directors authorized the repurchase of up to 120 million shares of our common stock by december 31 , 2017 . these repurchases may be made on the open market or through other transactions . our management has sole discretion with respect to determining the timing and amount of these transactions. .
|
string
| null |
shares_purchased = 33035204
price = 100.24
cash_spent = shares_purchased * price
answer = cash_spent
|
what is the performance shares granted as a percent of the total number of granted shares in 2010?
|
0.7599999905
|
CodeFinQA
|
the company granted 1020 performance shares . the vesting of these shares is contingent on meeting stated goals over a performance period . beginning with restricted stock grants in september 2010 , dividends are accrued on restricted class a common stock and restricted stock units and are paid once the restricted stock vests . the following table summarizes restricted stock and performance shares activity for 2010 : number of shares weighted average grant date fair value .
| | Number of Shares | Weighted Average Grant Date Fair Value |
| :--- | :--- | :--- |
| Outstanding at December 31, 2009 | 116,677 | $280 |
| Granted | 134,245 | 275 |
| Vested | (34,630) | 257 |
| Cancelled | (19,830) | 260 |
| Outstanding at December 31, 2010 | 196,462 | 283 |
the total fair value of restricted stock that vested during the years ended december 31 , 2010 , 2009 and 2008 , was $ 10.3 million , $ 6.2 million and $ 2.5 million , respectively . eligible employees may acquire shares of cme group 2019s class a common stock using after-tax payroll deductions made during consecutive offering periods of approximately six months in duration . shares are purchased at the end of each offering period at a price of 90% ( 90 % ) of the closing price of the class a common stock as reported on the nasdaq . compensation expense is recognized on the dates of purchase for the discount from the closing price . in 2010 , 2009 and 2008 , a total of 4371 , 4402 and 5600 shares , respectively , of class a common stock were issued to participating employees . these shares are subject to a six-month holding period . annual expense of $ 0.1 million for the purchase discount was recognized in 2010 , 2009 and 2008 , respectively . non-executive directors receive an annual award of class a common stock with a value equal to $ 75000 . non-executive directors may also elect to receive some or all of the cash portion of their annual stipend , up to $ 25000 , in shares of stock based on the closing price at the date of distribution . as a result , 7470 , 11674 and 5509 shares of class a common stock were issued to non-executive directors during 2010 , 2009 and 2008 , respectively . these shares are not subject to any vesting restrictions . expense of $ 2.4 million , $ 2.5 million and $ 2.4 million related to these stock-based payments was recognized for the years ended december 31 , 2010 , 2009 and 2008 , respectively. .
|
string
| null |
shares_granted = 1020
shares_total = 134245
percent_performance = shares_granted / shares_total
answer = percent_performance * 100
|
what percent of 2017 liquidity comes from credit?
|
36.9300003052
|
CodeFinQA
|
sources of blackrock 2019s operating cash primarily include investment advisory , administration fees and securities lending revenue , performance fees , revenue from technology and risk management services , advisory and other revenue and distribution fees . blackrock uses its cash to pay all operating expense , interest and principal on borrowings , income taxes , dividends on blackrock 2019s capital stock , repurchases of the company 2019s stock , capital expenditures and purchases of co-investments and seed investments . for details of the company 2019s gaap cash flows from operating , investing and financing activities , see the consolidated statements of cash flows contained in part ii , item 8 of this filing . cash flows from operating activities , excluding the impact of consolidated sponsored investment funds , primarily include the receipt of investment advisory and administration fees , securities lending revenue and performance fees offset by the payment of operating expenses incurred in the normal course of business , including year-end incentive compensation accrued for in the prior year . cash outflows from investing activities , excluding the impact of consolidated sponsored investment funds , for 2017 were $ 517 million and primarily reflected $ 497 million of investment purchases , $ 155 million of purchases of property and equipment , $ 73 million related to the first reserve transaction and $ 29 million related to the cachematrix transaction , partially offset by $ 205 million of net proceeds from sales and maturities of certain investments . cash outflows from financing activities , excluding the impact of consolidated sponsored investment funds , for 2017 were $ 3094 million , primarily resulting from $ 1.4 billion of share repurchases , including $ 1.1 billion in open market- transactions and $ 321 million of employee tax withholdings related to employee stock transactions , $ 1.7 billion of cash dividend payments and $ 700 million of repayments of long- term borrowings , partially offset by $ 697 million of proceeds from issuance of long-term borrowings . the company manages its financial condition and funding to maintain appropriate liquidity for the business . liquidity resources at december 31 , 2017 and 2016 were as follows : ( in millions ) december 31 , december 31 , cash and cash equivalents ( 1 ) $ 6894 $ 6091 cash and cash equivalents held by consolidated vres ( 2 ) ( 63 ) ( 53 ) .
| (in millions) | December 31, 2017 | December 31, 2016 |
| :--- | :--- | :--- |
| Cash and cash equivalents<sup>(1)</sup> | $6,894 | $6,091 |
| Cash and cash equivalents held by consolidated VREs<sup>(2)</sup> | (63) | (53) |
| Subtotal | 6,831 | 6,038 |
| Credit facility — undrawn | 4,000 | 4,000 |
| Total liquidity resources<sup>(3)</sup> | $10,831 | $10,038 |
total liquidity resources ( 3 ) $ 10831 $ 10038 ( 1 ) the percentage of cash and cash equivalents held by the company 2019s u.s . subsidiaries was approximately 40% ( 40 % ) and 50% ( 50 % ) at december 31 , 2017 and 2016 , respectively . see net capital requirements herein for more information on net capital requirements in certain regulated subsidiaries . ( 2 ) the company cannot readily access such cash to use in its operating activities . ( 3 ) amounts do not reflect a reduction for year-end incentive compensation accruals of approximately $ 1.5 billion and $ 1.3 billion for 2017 and 2016 , respectively , which are paid in the first quarter of the following year . total liquidity resources increased $ 793 million during 2017 , primarily reflecting cash flows from operating activities , partially offset by cash payments of 2016 year-end incentive awards , share repurchases of $ 1.4 billion and cash dividend payments of $ 1.7 billion . a significant portion of the company 2019s $ 3154 million of total investments , as adjusted , is illiquid in nature and , as such , cannot be readily convertible to cash . share repurchases . the company repurchased 2.6 million common shares in open market transactions under the share repurchase program for approximately $ 1.1 billion during 2017 . at december 31 , 2017 , there were 6.4 million shares still authorized to be repurchased . net capital requirements . the company is required to maintain net capital in certain regulated subsidiaries within a number of jurisdictions , which is partially maintained by retaining cash and cash equivalent investments in those subsidiaries or jurisdictions . as a result , such subsidiaries of the company may be restricted in their ability to transfer cash between different jurisdictions and to their parents . additionally , transfers of cash between international jurisdictions may have adverse tax consequences that could discourage such transfers . blackrock institutional trust company , n.a . ( 201cbtc 201d ) is chartered as a national bank that does not accept client deposits and whose powers are limited to trust and other fiduciary activities . btc provides investment management services , including investment advisory and securities lending agency services , to institutional clients . btc is subject to regulatory capital and liquid asset requirements administered by the office of the comptroller of the currency . at december 31 , 2017 and 2016 , the company was required to maintain approximately $ 1.8 billion and $ 1.4 billion , respectively , in net capital in certain regulated subsidiaries , including btc , entities regulated by the financial conduct authority and prudential regulation authority in the united kingdom , and the company 2019s broker-dealers . the company was in compliance with all applicable regulatory net capital requirements . undistributed earnings of foreign subsidiaries . as a result of the 2017 tax act and the one-time mandatory deemed repatriation tax on untaxed accumulated foreign earnings , a provisional amount of u.s . income taxes was provided on the undistributed foreign earnings . the financial statement basis in excess of tax basis of its foreign subsidiaries remains indefinitely reinvested in foreign operations . the company will continue to evaluate its capital management plans throughout 2018 . short-term borrowings 2017 revolving credit facility . the company 2019s credit facility has an aggregate commitment amount of $ 4.0 billion and was amended in april 2017 to extend the maturity date to april 2022 ( the 201c2017 credit facility 201d ) . the 2017 credit facility permits the company to request up to an additional $ 1.0 billion of borrowing capacity , subject to lender credit approval , increasing the overall size of the 2017 credit facility to an aggregate principal amount not to exceed $ 5.0 billion . interest on borrowings outstanding accrues at a rate based on the applicable london interbank offered rate plus a spread . the 2017 credit facility requires the company .
|
string
| null |
credit_2017 = 4000
liquidity_2017 = 10831
percent_credit_2017 = credit_2017 / liquidity_2017
answer = percent_credit_2017 * 100
|
what percentage of total net revenues in the institutional client services segment was due to fixed income currency and commodities client execution in 2015?
|
48
|
CodeFinQA
|
the goldman sachs group , inc . and subsidiaries management 2019s discussion and analysis equities . includes client execution activities related to making markets in equity products and commissions and fees from executing and clearing institutional client transactions on major stock , options and futures exchanges worldwide , as well as otc transactions . equities also includes our securities services business , which provides financing , securities lending and other prime brokerage services to institutional clients , including hedge funds , mutual funds , pension funds and foundations , and generates revenues primarily in the form of interest rate spreads or fees . the table below presents the operating results of our institutional client services segment. .
| | Year Ended December |
| :--- | :--- |
| <i>$ in millions</i> | 2015 | 2014 | 2013 |
| Fixed Income, Currency and Commodities Client Execution | $ 7,322 | $ 8,461 | $ 8,651 |
| Equities client execution<sup>1</sup> | 3,028 | 2,079 | 2,594 |
| Commissions and fees | 3,156 | 3,153 | 3,103 |
| Securities services | 1,645 | 1,504 | 1,373 |
| Total Equities | 7,829 | 6,736 | 7,070 |
| Total net revenues | 15,151 | 15,197 | 15,721 |
| Operating expenses | 13,938 | 10,880 | 11,792 |
| Pre-tax earnings | $ 1,213 | $ 4,317 | $ 3,929 |
1 . net revenues related to the americas reinsurance business were $ 317 million for 2013 . in april 2013 , we completed the sale of a majority stake in our americas reinsurance business and no longer consolidate this business . 2015 versus 2014 . net revenues in institutional client services were $ 15.15 billion for 2015 , essentially unchanged compared with 2014 . net revenues in fixed income , currency and commodities client execution were $ 7.32 billion for 2015 , 13% ( 13 % ) lower than 2014 . excluding a gain of $ 168 million in 2014 related to the extinguishment of certain of our junior subordinated debt , net revenues in fixed income , currency and commodities client execution were 12% ( 12 % ) lower than 2014 , reflecting significantly lower net revenues in mortgages , credit products and commodities . the decreases in mortgages and credit products reflected challenging market-making conditions and generally low levels of activity during 2015 . the decline in commodities primarily reflected less favorable market-making conditions compared with 2014 , which included a strong first quarter of 2014 . these decreases were partially offset by significantly higher net revenues in interest rate products and currencies , reflecting higher volatility levels which contributed to higher client activity levels , particularly during the first quarter of 2015 . net revenues in equities were $ 7.83 billion for 2015 , 16% ( 16 % ) higher than 2014 . excluding a gain of $ 121 million ( $ 30 million and $ 91 million included in equities client execution and securities services , respectively ) in 2014 related to the extinguishment of certain of our junior subordinated debt , net revenues in equities were 18% ( 18 % ) higher than 2014 , primarily due to significantly higher net revenues in equities client execution across the major regions , reflecting significantly higher results in both derivatives and cash products , and higher net revenues in securities services , reflecting the impact of higher average customer balances and improved securities lending spreads . commissions and fees were essentially unchanged compared with 2014 . the firm elects the fair value option for certain unsecured borrowings . the fair value net gain attributable to the impact of changes in our credit spreads on these borrowings was $ 255 million ( $ 214 million and $ 41 million related to fixed income , currency and commodities client execution and equities client execution , respectively ) for 2015 , compared with a net gain of $ 144 million ( $ 108 million and $ 36 million related to fixed income , currency and commodities client execution and equities client execution , respectively ) for 2014 . during 2015 , the operating environment for institutional client services was positively impacted by diverging central bank monetary policies in the united states and the euro area in the first quarter , as increased volatility levels contributed to strong client activity levels in currencies , interest rate products and equity products , and market- making conditions improved . however , during the remainder of the year , concerns about global growth and uncertainty about the u.s . federal reserve 2019s interest rate policy , along with lower global equity prices , widening high-yield credit spreads and declining commodity prices , contributed to lower levels of client activity , particularly in mortgages and credit , and more difficult market-making conditions . if macroeconomic concerns continue over the long term and activity levels decline , net revenues in institutional client services would likely be negatively impacted . operating expenses were $ 13.94 billion for 2015 , 28% ( 28 % ) higher than 2014 , due to significantly higher net provisions for mortgage-related litigation and regulatory matters , partially offset by decreased compensation and benefits expenses . pre-tax earnings were $ 1.21 billion in 2015 , 72% ( 72 % ) lower than 2014 . 62 goldman sachs 2015 form 10-k .
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string
| null |
percent_2015 = 7322 / 15151
answer = percent_2015 * 100
|
what was the rate of growth or decrease from 2014 to 2015 on the american airlines group inc .
|
20
|
CodeFinQA
|
table of contents capital deployment program will be subject to market and economic conditions , applicable legal requirements and other relevant factors . our capital deployment program does not obligate us to continue a dividend for any fixed period , and payment of dividends may be suspended at any time at our discretion . stock performance graph the following stock performance graph and related information shall not be deemed 201csoliciting material 201d or 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filings under the securities act of 1933 or the exchange act , each as amended , except to the extent that we specifically incorporate it by reference into such filing . the following stock performance graph compares our cumulative total stockholder return on an annual basis on our common stock with the cumulative total return on the standard and poor 2019s 500 stock index and the amex airline index from december 9 , 2013 ( the first trading day of aag common stock ) through december 31 , 2015 . the comparison assumes $ 100 was invested on december 9 , 2013 in aag common stock and in each of the foregoing indices and assumes reinvestment of dividends . the stock performance shown on the graph below represents historical stock performance and is not necessarily indicative of future stock price performance. .
| | 12/9/2013 | 12/31/2013 | 12/31/2014 | 12/31/2015 |
| :--- | :--- | :--- | :--- | :--- |
| American Airlines Group Inc. | $100 | $103 | $219 | $175 |
| Amex Airline Index | 100 | 102 | 152 | 127 |
| S&P 500 | 100 | 102 | 114 | 113 |
purchases of equity securities by the issuer and affiliated purchasers since july 2014 , our board of directors has approved several share repurchase programs aggregating $ 7.0 billion of authority of which , as of december 31 , 2015 , $ 2.4 billion remained unused under repurchase programs .
|
string
| null |
cumulative_return_2015 = 175
cumulative_return_2014 = 219
percent_change = (cumulative_return_2015 - cumulative_return_2014) / cumulative_return_2014
answer = percent_change * 100
|
in 2006 what was the percentage of the personal injury liability that was current as of december 31
|
36.9000015259
|
CodeFinQA
|
consolidated results of operations , financial condition , or liquidity ; however , to the extent possible , where unasserted claims are considered probable and where such claims can be reasonably estimated , we have recorded a liability . we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities 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 third-party actuaries to assist us in measuring the expense and liability , including unasserted claims . compensation for work-related accidents is governed by the federal employers 2019 liability act ( fela ) . under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements . our personal injury liability activity was as follows : millions of dollars 2006 2005 2004 .
| <i>Millions of Dollars</i> | 2006 | 2005 | 2004 |
| :--- | :--- | :--- | :--- |
| Beginning balance | $619 | $639 | $619 |
| Accruals | 240 | 247 | 288 |
| Payments | (228) | (267) | (268) |
| Ending balance at December 31 | $631 | $619 | $639 |
| Current portion, ending balance at December 31 | $233 | $274 | $274 |
our personal injury liability is discounted to present value using applicable u.s . treasury rates . approximately 87% ( 87 % ) of the recorded liability related to asserted claims , and approximately 13% ( 13 % ) related to unasserted claims . personal injury accruals were higher in 2004 due to a 1998 crossing accident verdict upheld in 2004 and a 2004 derailment near san antonio . asbestos 2013 we are a defendant in a number of lawsuits in which current and former employees allege exposure to asbestos . additionally , we have received claims for asbestos exposure that have not been litigated . the claims and lawsuits ( collectively referred to as 201cclaims 201d ) allege occupational illness resulting from exposure to asbestos- containing products . in most cases , the claimants do not have credible medical evidence of physical impairment resulting from the alleged exposures . additionally , most claims filed against us do not specify an amount of alleged damages . during 2004 , we engaged a third party with extensive experience in estimating resolution costs for asbestos- related claims to assist us in assessing the number and value of these unasserted claims through 2034 , based on our average claims experience over a multi-year period . as a result , we increased our liability in 2004 for asbestos- related claims in the fourth quarter of 2004 . the liability for resolving both asserted and unasserted claims was based on the following assumptions : 2022 the number of future claims received would be consistent with historical averages . 2022 the number of claims filed against us will decline each year . 2022 the average settlement values for asserted and unasserted claims will be equivalent to historical averages . 2022 the percentage of claims dismissed in the future will be equivalent to historical averages. .
|
string
| null |
liability_2006 = 233
liability_total = 631
percent_liability = liability_2006 / liability_total
answer = percent_liability * 100
|
what is the percent change in weighted-average estimated fair value of employee stock options between 2007 and 2008?
|
42
|
CodeFinQA
|
insurance arrangement . as a result of the adoption of this new guidance , the company recorded a liability representing the actuarial present value of the future death benefits as of the employees 2019 expected retirement date of $ 45 million with the offset reflected as a cumulative-effect adjustment to january 1 , 2008 retained earnings and accumulated other comprehensive income ( loss ) in the amounts of $ 4 million and $ 41 million , respectively , in the company 2019s consolidated statement of stockholders 2019 equity . it is currently expected that minimal , if any , further cash payments will be required to fund these policies . the net periodic cost for these split-dollar life insurance arrangements was $ 6 million in both the years ended december 31 , 2009 and 2008 . the company has recorded a liability representing the actuarial present value of the future death benefits as of the employees 2019 expected retirement date of $ 48 million and $ 47 million as of december 31 , 2009 and december 31 , 2008 , respectively . defined contribution plan the company and certain subsidiaries have various defined contribution plans , in which all eligible employees participate . in the u.s. , the 401 ( k ) plan is a contributory plan . matching contributions are based upon the amount of the employees 2019 contributions . effective january 1 , 2005 , newly hired employees have a higher maximum matching contribution at 4% ( 4 % ) on the first 5% ( 5 % ) of employee contributions , compared to 3% ( 3 % ) on the first 6% ( 6 % ) of employee contributions for employees hired prior to january 2005 . effective january 1 , 2009 , the company temporarily suspended all matching contributions to the motorola 401 ( k ) plan . the company 2019s expenses , primarily relating to the employer match , for all defined contribution plans , for the years ended december 31 , 2009 , 2008 and 2007 were $ 8 million , $ 95 million and $ 116 million , respectively . 8 . share-based compensation plans and other incentive plans stock options , stock appreciation rights and employee stock purchase plan the company grants options to acquire shares of common stock to certain employees , and existing option holders in connection with the merging of option plans following an acquisition . each option granted and stock appreciation right has an exercise price of no less than 100% ( 100 % ) of the fair market value of the common stock on the date of the grant . the awards have a contractual life of five to ten years and vest over two to four years . stock options and stock appreciation rights assumed or replaced with comparable stock options or stock appreciation rights in conjunction with a change in control only become exercisable if the holder is also involuntarily terminated ( for a reason other than cause ) or quits for good reason within 24 months of a change in control . the employee stock purchase plan allows eligible participants to purchase shares of the company 2019s common stock through payroll deductions of up to 10% ( 10 % ) of eligible compensation on an after-tax basis . plan participants cannot purchase more than $ 25000 of stock in any calendar year . the price an employee pays per share is 85% ( 85 % ) of the lower of the fair market value of the company 2019s stock on the close of the first trading day or last trading day of the purchase period . the plan has two purchase periods , the first one from october 1 through march 31 and the second one from april 1 through september 30 . for the years ended december 31 , 2009 , 2008 and 2007 , employees purchased 29.4 million , 18.9 million and 10.2 million shares , respectively , at purchase prices of $ 3.60 and $ 3.68 , $ 7.91 and $ 6.07 , and $ 14.93 and $ 15.02 , respectively . the company calculates the value of each employee stock option , estimated on the date of grant , using the black-scholes option pricing model . the weighted-average estimated fair value of employee stock options granted during 2009 , 2008 and 2007 was $ 2.78 , $ 3.47 and $ 5.95 , respectively , using the following weighted-average assumptions : 2009 2008 2007 .
| | 2009 | 2008 | <i>2007</i> |
| :--- | :--- | :--- | :--- |
| Expected volatility | 57.1% | 56.4% | 28.3% |
| Risk-free interest rate | 1.9% | 2.4% | 4.5% |
| Dividend yield | 0.0% | 2.7% | 1.1% |
| Expected life (years) | 3.9 | 5.5 | 6.5 |
.
|
string
| null |
weighted_average_fair_value_2008 = 3.47
weighted_average_fair_value_2007 = 5.95
change = weighted_average_fair_value_2008 - weighted_average_fair_value_2007
percent_change = change / weighted_average_fair_value_2007
answer = percent_change * 100
|
what is the total cash spent for the repurchase of shares during the month of july 2019?
|
659916096
|
CodeFinQA
|
part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities our class a common stock has been listed on the new york stock exchange under the symbol 201cv 201d since march 19 , 2008 . at november 8 , 2019 , we had 348 stockholders of record of our class a common stock . the number of beneficial owners is substantially greater than the number of record holders , because a large portion of our class a common stock is held in 201cstreet name 201d by banks and brokers . there is currently no established public trading market for our class b or c common stock . there were 1397 and 509 holders of record of our class b and c common stock , respectively , as of november 8 , 2019 . on october 22 , 2019 , our board of directors declared a quarterly cash dividend of $ 0.30 per share of class a common stock ( determined in the case of class b and c common stock and series b and c preferred stock on an as-converted basis ) payable on december 3 , 2019 , to holders of record as of november 15 , 2019 of our common and preferred stock . subject to legally available funds , we expect to continue paying quarterly cash dividends on our outstanding common and preferred stock in the future . however , the declaration and payment of future dividends is at the sole discretion of our board of directors after taking into account various factors , including our financial condition , settlement indemnifications , operating results , available cash and current and anticipated cash needs . issuer purchases of equity securities the table below sets forth our purchases of common stock during the quarter ended september 30 , 2019 . period total number of shares purchased average price paid per share total number of shares purchased as part of publicly announced plans or programs ( 1 ) ( 2 ) approximate dollar value of shares that may yet be purchased under the plans or programs ( 1 ) ( 2 ) .
| Period | Total Number OfShares Purchased | Average Price PaidPer Share | Total Number OfShares PurchasedAs Part Of PubliclyAnnounced Plans OrPrograms<sup>(1),</sup><sup>(2)</sup> | ApproximateDollar ValueOf Shares ThatMay Yet BePurchased Under The Plans OrPrograms<sup>(1),(2)</sup> |
| :--- | :--- | :--- | :--- | :--- |
| July 1-31, 2019 | 3,680,103 | $179.32 | 3,680,103 | $5,502,430,029 |
| August 1-31, 2019 | 4,064,795 | $176.17 | 4,064,795 | $4,786,268,909 |
| September 1-30, 2019 | 4,479,497 | $176.61 | 4,479,497 | $3,995,051,745 |
| Total | 12,224,395 | $177.28 | 12,224,395 | |
( 1 ) the figures in the table reflect transactions according to the trade dates . for purposes of our consolidated financial statements included in this form 10-k , the impact of these repurchases is recorded according to the settlement dates . ( 2 ) our board of directors from time to time authorizes the repurchase of shares of our common stock up to a certain monetary limit . in january 2019 , our board of directors authorized a share repurchase program for $ 8.5 billion . this authorization has no expiration date . all share repurchase programs authorized prior to january 2019 have been completed. .
|
string
| null |
shares_purchased = 3680103
price = 179.32
cash_spent = shares_purchased * price
answer = cash_spent
|
what were net reinsurance recoveries in 2005 ( millions? )
|
91
|
CodeFinQA
|
goodwill is reviewed annually during the fourth quarter for impairment . in addition , the company performs an impairment analysis of other intangible assets based on the occurrence of other factors . such factors include , but are not limited to , signifi- cant changes in membership , state funding , medical contracts and provider networks and contracts . an impairment loss is rec- ognized if the carrying value of intangible assets exceeds the implied fair value . the company did not recognize any impair- ment losses for the periods presented . medical claims liabilities medical services costs include claims paid , claims reported but not yet paid ( inventory ) , estimates for claims incurred but not yet received ( ibnr ) and estimates for the costs necessary to process unpaid claims . the estimates of medical claims liabilities are developed using standard actuarial methods based upon historical data for payment patterns , cost trends , product mix , seasonality , utiliza- tion of healthcare services and other relevant factors including product changes . these estimates are continually reviewed and adjustments , if necessary , are reflected in the period known . management did not change actuarial methods during the years presented . management believes the amount of medical claims payable is reasonable and adequate to cover the company 2019s liabil- ity for unpaid claims as of december 31 , 2005 ; however , actual claim payments may differ from established estimates . revenue recognition the majority of the company 2019s medicaid managed care premi- um revenue is received monthly based on fixed rates per member as determined by state contracts . some contracts allow for addi- tional premium related to certain supplemental services provided such as maternity deliveries . revenue is recognized as earned over the covered period of services . revenues are recorded based on membership and eligibility data provided by the states , which may be adjusted by the states for updates to this membership and eligibility data . these adjustments are immaterial in relation to total revenue recorded and are reflected in the period known . premiums collected in advance are recorded as unearned revenue . the specialty services segment generates revenue under con- tracts with state and local government entities , our health plans and third-party customers . revenues for services are recognized when the services are provided or as ratably earned over the cov- ered period of services . for performance-based contracts , the company does not recognize revenue subject to refund until data is sufficient to measure performance . such amounts are recorded as unearned revenue . revenues due to the company are recorded as premium and related receivables and recorded net of an allowance for uncol- lectible accounts based on historical trends and management 2019s judgment on the collectibility of these accounts . activity in the allowance for uncollectible accounts for the years ended december 31 is summarized below: .
| | 2005 | 2004 | 2003 |
| :--- | :--- | :--- | :--- |
| Allowances, beginning of year | $462 | $607 | $219 |
| Amounts charged to expense | 80 | 407 | 472 |
| Write-offs of uncollectible receivables | (199) | (552) | (84) |
| Allowances, end of year | $343 | $462 | $607 |
significant customers centene receives the majority of its revenues under contracts or subcontracts with state medicaid managed care programs . the contracts , which expire on various dates between june 30 , 2006 and august 31 , 2008 , are expected to be renewed . contracts with the states of indiana , kansas , texas and wisconsin each accounted for 18% ( 18 % ) , 12% ( 12 % ) , 22% ( 22 % ) and 23% ( 23 % ) , respectively , of the company 2019s revenues for the year ended december 31 , 2005 . reinsurance centene has purchased reinsurance from third parties to cover eligible healthcare services . the current reinsurance program covers 90% ( 90 % ) of inpatient healthcare expenses in excess of annual deductibles of $ 300 per member , up to a lifetime maximum of $ 2000 . centene 2019s medicaid managed care subsidiaries are respon- sible for inpatient charges in excess of an average daily per diem . reinsurance recoveries were $ 4014 , $ 3730 , and $ 5345 , in 2005 , 2004 , and 2003 , respectively . reinsurance expenses were approximately $ 4105 , $ 6724 , and $ 6185 in 2005 , 2004 , and 2003 , respectively . reinsurance recoveries , net of expenses , are included in medical costs . other income ( expense ) other income ( expense ) consists principally of investment income and interest expense . investment income is derived from the company 2019s cash , cash equivalents , restricted deposits and investments . interest expense relates to borrowings under our credit facility , mortgage interest , interest on capital leases and credit facility fees . income taxes deferred tax assets and liabilities are recorded for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases . deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled . the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date of the tax rate change . valuation allowances are provided when it is considered more likely than not that deferred tax assets will not be realized . in determining if a deductible temporary difference or net operating loss can be realized , the company considers future reversals of .
|
string
| null |
reinsurance_recoveries = 4014
expenses = 4105
net_income = reinsurance_recoveries - expenses
answer = net_income
|
what was the change in millions in the computed expected tax from 2013 to 2014?
|
1165
|
CodeFinQA
|
table of contents the foreign provision for income taxes is based on foreign pre-tax earnings of $ 33.6 billion , $ 30.5 billion and $ 36.8 billion in 2014 , 2013 and 2012 , respectively . the company 2019s consolidated financial statements provide for any related tax liability on undistributed earnings that the company does not intend to be indefinitely reinvested outside the u.s . substantially all of the company 2019s undistributed international earnings intended to be indefinitely reinvested in operations outside the u.s . were generated by subsidiaries organized in ireland , which has a statutory tax rate of 12.5% ( 12.5 % ) . as of september 27 , 2014 , u.s . income taxes have not been provided on a cumulative total of $ 69.7 billion of such earnings . the amount of unrecognized deferred tax liability related to these temporary differences is estimated to be approximately $ 23.3 billion . as of september 27 , 2014 and september 28 , 2013 , $ 137.1 billion and $ 111.3 billion , respectively , of the company 2019s cash , cash equivalents and marketable securities were held by foreign subsidiaries and are generally based in u.s . dollar-denominated holdings . amounts held by foreign subsidiaries are generally subject to u.s . income taxation on repatriation to the u.s . a reconciliation of the provision for income taxes , with the amount computed by applying the statutory federal income tax rate ( 35% ( 35 % ) in 2014 , 2013 and 2012 ) to income before provision for income taxes for 2014 , 2013 and 2012 , is as follows ( dollars in millions ) : the company 2019s income taxes payable have been reduced by the tax benefits from employee stock plan awards . for stock options , the company receives an income tax benefit calculated as the tax effect of the difference between the fair market value of the stock issued at the time of the exercise and the exercise price . for rsus , the company receives an income tax benefit upon the award 2019s vesting equal to the tax effect of the underlying stock 2019s fair market value . the company had net excess tax benefits from equity awards of $ 706 million , $ 643 million and $ 1.4 billion in 2014 , 2013 and 2012 , respectively , which were reflected as increases to common stock . apple inc . | 2014 form 10-k | 64 .
| | 2014 | 2013 | 2012 |
| :--- | :--- | :--- | :--- |
| Computed expected tax | $18,719 | $17,554 | $19,517 |
| State taxes, net of federal effect | 469 | 508 | 677 |
| Indefinitely invested earnings of foreign subsidiaries | (4,744) | (4,614) | (5,895) |
| Research and development credit, net | (88) | (287) | (103) |
| Domestic production activities deduction | (495) | (308) | (328) |
| Other | 112 | 265 | 162 |
| Provision for income taxes | $13,973 | $13,118 | $14,030 |
| Effective tax rate | 26.1% | 26.2% | 25.2% |
.
|
string
| null |
expected_tax_2014 = 18719
expected_tax_2013 = 17554
change = expected_tax_2014 - expected_tax_2013
answer = change
|
in 2012 , investments held by consolidated sponsored investment funds reduced the company's investment exposure by what percent?
|
30.2000007629
|
CodeFinQA
|
the company further presents total net 201ceconomic 201d investment exposure , net of deferred compensation investments and hedged investments , to reflect another gauge for investors as the economic impact of investments held pursuant to deferred compensation arrangements is substantially offset by a change in compensation expense and the impact of hedged investments is substantially mitigated by total return swap hedges . carried interest capital allocations are excluded as there is no impact to blackrock 2019s stockholders 2019 equity until such amounts are realized as performance fees . finally , the company 2019s regulatory investment in federal reserve bank stock , which is not subject to market or interest rate risk , is excluded from the company 2019s net economic investment exposure . ( dollar amounts in millions ) december 31 , december 31 .
| <i>(Dollar amounts in millions)</i> | December 31, 2012 | December 31, 2011 |
| :--- | :--- | :--- |
| Total investments, GAAP | $1,750 | $1,631 |
| Investments held by consolidated sponsored investmentfunds<sup>(1)</sup> | (524) | (587) |
| Net exposure to consolidated investment funds | 430 | 475 |
| Total investments, as adjusted | 1,656 | 1,519 |
| Federal Reserve Bank stock<sup>(2)</sup> | (89) | (328) |
| Carried interest | (85) | (21) |
| Deferred compensation investments | (62) | (65) |
| Hedged investments | (209) | (43) |
| Total “economic” investment exposure | $1,211 | $1,062 |
total 201ceconomic 201d investment exposure . . . $ 1211 $ 1062 ( 1 ) at december 31 , 2012 and december 31 , 2011 , approximately $ 524 million and $ 587 million , respectively , of blackrock 2019s total gaap investments were maintained in sponsored investment funds that were deemed to be controlled by blackrock in accordance with gaap , and , therefore , are consolidated even though blackrock may not economically own a majority of such funds . ( 2 ) the decrease of $ 239 million related to a lower holding requirement of federal reserve bank stock held by blackrock institutional trust company , n.a . ( 201cbtc 201d ) . total investments , as adjusted , at december 31 , 2012 increased $ 137 million from december 31 , 2011 , resulting from $ 765 million of purchases/capital contributions , $ 185 million from positive market valuations and earnings from equity method investments , and $ 64 million from net additional carried interest capital allocations , partially offset by $ 742 million of sales/maturities and $ 135 million of distributions representing return of capital and return on investments. .
|
string
| null |
total_investments = 1211 + 524
net_exposure = 524
percent_exposure = net_exposure / total_investments
answer = percent_exposure * 100
|
what was the difference in the initial health care trend rate and the ultimate trend rate in 2017?
|
3.2999999523
|
CodeFinQA
|
marathon oil corporation notes to consolidated financial statements expected long-term return on plan assets 2013 the expected long-term return on plan assets assumption for our u.s . funded plan is determined based on an asset rate-of-return modeling tool developed by a third-party investment group which utilizes underlying assumptions based on actual returns by asset category and inflation and takes into account our u.s . pension plan 2019s asset allocation . to determine the expected long-term return on plan assets assumption for our international plans , we consider the current level of expected returns on risk-free investments ( primarily government bonds ) , the historical levels of the risk premiums associated with the other applicable asset categories and the expectations for future returns of each asset class . the expected return for each asset category is then weighted based on the actual asset allocation to develop the overall expected long-term return on plan assets assumption . assumed weighted average health care cost trend rates .
| | 2018 | 2017 | 2016 |
| :--- | :--- | :--- | :--- |
| Initial health care trend rate | N/A | 8.00% | 8.25% |
| Ultimate trend rate | N/A | 4.70% | 4.50% |
| Year ultimate trend rate is reached | N/A | 2025 | 2025 |
n/a all retiree medical subsidies are frozen as of january 1 , 2019 . employer provided subsidies for post-65 retiree health care coverage were frozen effective january 1 , 2017 at january 1 , 2016 established amount levels . company contributions are funded to a health reimbursement account on the retiree 2019s behalf to subsidize the retiree 2019s cost of obtaining health care benefits through a private exchange ( the 201cpost-65 retiree health benefits 201d ) . therefore , a 1% ( 1 % ) change in health care cost trend rates would not have a material impact on either the service and interest cost components and the postretirement benefit obligations . in the fourth quarter of 2018 , we terminated the post-65 retiree health benefits effective as of december 31 , 2020 . the post-65 retiree health benefits will no longer be provided after that date . in addition , the pre-65 retiree medical coverage subsidy has been frozen as of january 1 , 2019 , and the ability for retirees to opt in and out of this coverage , as well as pre-65 retiree dental and vision coverage , has also been eliminated . retirees must enroll in connection with retirement for such coverage , or they lose eligibility . these plan changes reduced our retiree medical benefit obligation by approximately $ 99 million . plan investment policies and strategies 2013 the investment policies for our u.s . and international pension plan assets reflect the funded status of the plans and expectations regarding our future ability to make further contributions . long-term investment goals are to : ( 1 ) manage the assets in accordance with applicable legal requirements ; ( 2 ) produce investment returns which meet or exceed the rates of return achievable in the capital markets while maintaining the risk parameters set by the plan's investment committees and protecting the assets from any erosion of purchasing power ; and ( 3 ) position the portfolios with a long-term risk/ return orientation . investment performance and risk is measured and monitored on an ongoing basis through quarterly investment meetings and periodic asset and liability studies . u.s . plan 2013 the plan 2019s current targeted asset allocation is comprised of 55% ( 55 % ) equity securities and 45% ( 45 % ) other fixed income securities . over time , as the plan 2019s funded ratio ( as defined by the investment policy ) improves , in order to reduce volatility in returns and to better match the plan 2019s liabilities , the allocation to equity securities will decrease while the amount allocated to fixed income securities will increase . the plan's assets are managed by a third-party investment manager . international plan 2013 our international plan's target asset allocation is comprised of 55% ( 55 % ) equity securities and 45% ( 45 % ) fixed income securities . the plan assets are invested in ten separate portfolios , mainly pooled fund vehicles , managed by several professional investment managers whose performance is measured independently by a third-party asset servicing consulting fair value measurements 2013 plan assets are measured at fair value . the following provides a description of the valuation techniques employed for each major plan asset class at december 31 , 2018 and 2017 . cash and cash equivalents 2013 cash and cash equivalents are valued using a market approach and are considered level 1 . equity securities 2013 investments in common stock are valued using a market approach at the closing price reported in an active market and are therefore considered level 1 . private equity investments include interests in limited partnerships which are valued based on the sum of the estimated fair values of the investments held by each partnership , determined using a combination of market , income and cost approaches , plus working capital , adjusted for liabilities , currency translation and estimated performance incentives . these private equity investments are considered level 3 . investments in pooled funds are valued using a market approach , these various funds consist of equity with underlying investments held in u.s . and non-u.s . securities . the pooled funds are benchmarked against a relative public index and are considered level 2. .
|
string
| null |
initial_trend_rate = 0.08
ultimate_trend_rate = 0.047
difference = initial_trend_rate - ultimate_trend_rate
answer = difference * 100
|
during the period 11/17/05 2013 11/30/05 what was the percentage of the treasury stock purchased in the fourth quarter of 2005
|
31
|
CodeFinQA
|
discussion and analysis of financial condition and results of operations 2014liquidity and capital resources 2014 factors affecting sources of liquidity . 201d recent sales of unregistered securities during the year ended december 31 , 2005 , we issued an aggregate of 4670335 shares of our class a common stock upon conversion of $ 57.1 million principal amount of our 3.25% ( 3.25 % ) notes . pursuant to the terms of the indenture , the holders of the 3.25% ( 3.25 % ) notes received 81.808 shares of class a common stock for every $ 1000 principal amount of notes converted . the shares were issued to the noteholders in reliance on the exemption from registration set forth in section 3 ( a ) ( 9 ) of the securities act of 1933 , as amended . no underwriters were engaged in connection with such issuances . in connection with the conversion , we paid such holders an aggregate of $ 4.9 million , calculated based on the accrued and unpaid interest on the notes and the discounted value of the future interest payments on the notes . subsequent to december 31 , 2005 , we issued shares of class a common stock upon conversions of additional 3.25% ( 3.25 % ) notes , as set forth in item 9b of this annual report under the caption 201cother information . 201d during the year ended december 31 , 2005 , we issued an aggregate of 398412 shares of our class a common stock upon exercises of 55729 warrants assumed in our merger with spectrasite , inc . in august 2005 , in connection with our merger with spectrasite , inc. , we assumed approximately 1.0 million warrants to purchase shares of spectrasite , inc . common stock . upon completion of the merger , each warrant to purchase shares of spectrasite , inc . common stock automatically converted into a warrant to purchase 7.15 shares of class a common stock at an exercise price of $ 32 per warrant . net proceeds from these warrant exercises were approximately $ 1.8 million . the shares of class a common stock issued to the warrantholders upon exercise of the warrants were issued in reliance on the exemption from registration set forth in section 3 ( a ) ( 9 ) of the securities act of 1933 , as amended . no underwriters were engaged in connection with such issuances . subsequent to december 31 , 2005 , we issued shares of class a common stock upon exercises of additional warrants , as set forth in item 9b of this annual report under the caption 201cother information . 201d issuer purchases of equity securities in november 2005 , we announced that our board of directors had approved a stock repurchase program pursuant to which we intend to repurchase up to $ 750.0 million of our class a common stock through december 2006 . during the fourth quarter of 2005 , we repurchased 2836519 shares of our class a common stock for an aggregate of $ 76.6 million pursuant to our stock repurchase program , as follows : period total number of shares purchased ( 1 ) average price paid per share total number of shares purchased as part of publicly announced plans or programs ( 1 ) approximate dollar value of shares that may yet be purchased under the plans or programs ( in millions ) .
| Period | Total Number of Shares Purchased(1) | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs(1) | Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs (In millions) |
| :--- | :--- | :--- | :--- | :--- |
| 11/17/05 – 11/30/05 | 874,306 | $26.25 | 874,306 | $727.0 |
| 12/1/05 – 12/31/05 | 1,962,213 | $27.29 | 1,962,213 | $673.4 |
| Total Fourth Quarter | 2,836,519 | $26.97 | 2,836,519 | $673.4 |
( 1 ) all issuer repurchases were made pursuant to the stock repurchase program publicly announced in november 2005 . pursuant to the program , we intend to repurchase up to $ 750.0 million of our class a common stock during the period november 2005 through december 2006 . under the program , our management is authorized to purchase shares from time to time in open market purchases or privately negotiated transactions at prevailing prices as permitted by securities laws and other legal requirements , and subject to market conditions and other factors . to facilitate repurchases , we entered into a trading plan under rule 10b5-1 of the securities exchange act of 1934 , which allows us to repurchase shares during periods when we otherwise might be prevented from doing so under insider trading laws or because of self- imposed trading blackout periods . the program may be discontinued at any time . since december 31 , 2005 , we have continued to repurchase shares of our class a common stock pursuant to our stock repurchase program . between january 1 , 2006 and march 9 , 2006 , we repurchased 3.9 million shares of class a common stock for an aggregate of $ 117.4 million pursuant to the stock repurchase program. .
|
string
| null |
shares_repurchased = 874306
shares_total = 2836519
percent_repurchased = shares_repurchased / shares_total
answer = percent_repurchased * 100
|
\\nas of december 31 , 2008 , what was the percent of the proceeds form the issuance of the tax exempt and other tax exempt financing as part of the restricted cash\\n
|
47.2999992371
|
CodeFinQA
|
the number of shares issued will be determined as the par value of the debentures divided by the average trading stock price over the preceding five-day period . at december 31 , 2008 , the unamortized adjustment to fair value for these debentures was $ 28.7 million , which is being amortized through april 15 , 2011 , the first date that the holders can require us to redeem the debentures . tax-exempt financings as of december 31 , 2008 and 2007 , we had $ 1.3 billion and $ .7 billion of fixed and variable rate tax-exempt financings outstanding , respectively , with maturities ranging from 2010 to 2037 . during 2008 , we issued $ 207.4 million of tax-exempt bonds . in addition , we acquired $ 527.0 million of tax-exempt bonds and other tax-exempt financings as part of our acquisition of allied in december 2008 . at december 31 , 2008 , the total of the unamortized adjustments to fair value for these financings was $ 52.9 million , which is being amortized to interest expense over the remaining terms of the debt . approximately two-thirds of our tax-exempt financings are remarketed weekly or daily , by a remarketing agent to effectively maintain a variable yield . these variable rate tax-exempt financings are credit enhanced with letters of credit having terms in excess of one year issued by banks with credit ratings of aa or better . the holders of the bonds can put them back to the remarketing agent at the end of each interest period . to date , the remarketing agents have been able to remarket our variable rate unsecured tax-exempt bonds . as of december 31 , 2008 , we had $ 281.9 million of restricted cash , of which $ 133.5 million was proceeds from the issuance of tax-exempt bonds and other tax-exempt financings and will be used to fund capital expenditures under the terms of the agreements . restricted cash also includes amounts held in trust as a financial guarantee of our performance . other debt other debt primarily includes capital lease liabilities of $ 139.5 million and $ 35.4 million as of december 31 , 2008 and 2007 , respectively , with maturities ranging from 2009 to 2042 . future maturities of debt aggregate maturities of notes payable , capital leases and other long-term debt as of december 31 , 2008 , excluding non-cash discounts , premiums , adjustments to fair market value of related to hedging transactions and adjustments to fair market value recorded in purchase accounting totaling $ 821.9 million , are as follows ( in millions ) : years ending december 31 , 2009 ( 1 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 507.4 .
| 2009<sup>(1)</sup> | $507.4 |
| :--- | :--- |
| 2010 | 387.5 |
| 2011 | 1,138.1 |
| 2012 | 38.4 |
| 2013 | 1,139.2 |
| Thereafter | 5,313.8 |
| Total | $8,524.4 |
( 1 ) includes the receivables secured loan , which is a 364-day liquidity facility with a maturity date of may 29 , 2009 and has a balance of $ 400.0 million at december 31 , 2008 . although we intend to renew the liquidity facility prior to its maturity date , the outstanding balance is classified as a current liability because it has a contractual maturity of less than one year . republic services , inc . and subsidiaries notes to consolidated financial statements %%transmsg*** transmitting job : p14076 pcn : 119000000 ***%%pcmsg|117 |00024|yes|no|02/28/2009 17:21|0|0|page is valid , no graphics -- color : d| .
|
string
| null |
tax_exempt_bonds = 133.5
total_restricted_cash = 281.9
percent_tax_exempt_bonds = tax_exempt_bonds / total_restricted_cash
answer = percent_tax_exempt_bonds * 100
|
for how many years will entergy corporation run the indian point 2 power plant?
|
15
|
CodeFinQA
|
part i item 1 entergy corporation , utility operating companies , and system energy including the continued effectiveness of the clean energy standards/zero emissions credit program ( ces/zec ) , the establishment of certain long-term agreements on acceptable terms with the energy research and development authority of the state of new york in connection with the ces/zec program , and nypsc approval of the transaction on acceptable terms , entergy refueled the fitzpatrick plant in january and february 2017 . in october 2015 , entergy determined that it would close the pilgrim plant . the decision came after management 2019s extensive analysis of the economics and operating life of the plant following the nrc 2019s decision in september 2015 to place the plant in its 201cmultiple/repetitive degraded cornerstone column 201d ( column 4 ) of its reactor oversight process action matrix . the pilgrim plant is expected to cease operations on may 31 , 2019 , after refueling in the spring of 2017 and operating through the end of that fuel cycle . in december 2015 , entergy wholesale commodities closed on the sale of its 583 mw rhode island state energy center ( risec ) , in johnston , rhode island . the base sales price , excluding adjustments , was approximately $ 490 million . entergy wholesale commodities purchased risec for $ 346 million in december 2011 . in december 2016 , entergy announced that it reached an agreement with consumers energy to terminate the ppa for the palisades plant on may 31 , 2018 . pursuant to the ppa termination agreement , consumers energy will pay entergy $ 172 million for the early termination of the ppa . the ppa termination agreement is subject to regulatory approvals . separately , and assuming regulatory approvals are obtained for the ppa termination agreement , entergy intends to shut down the palisades nuclear power plant permanently on october 1 , 2018 , after refueling in the spring of 2017 and operating through the end of that fuel cycle . entergy expects to enter into a new ppa with consumers energy under which the plant would continue to operate through october 1 , 2018 . in january 2017 , entergy announced that it reached a settlement with new york state to shut down indian point 2 by april 30 , 2020 and indian point 3 by april 30 , 2021 , and resolve all new york state-initiated legal challenges to indian point 2019s operating license renewal . as part of the settlement , new york state has agreed to issue indian point 2019s water quality certification and coastal zone management act consistency certification and to withdraw its objection to license renewal before the nrc . new york state also has agreed to issue a water discharge permit , which is required regardless of whether the plant is seeking a renewed nrc license . the shutdowns are conditioned , among other things , upon such actions being taken by new york state . even without opposition , the nrc license renewal process is expected to continue at least into 2018 . with the settlement concerning indian point , entergy now has announced plans for the disposition of all of the entergy wholesale commodities nuclear power plants , including the sales of vermont yankee and fitzpatrick , and the earlier than previously expected shutdowns of pilgrim , palisades , indian point 2 , and indian point 3 . see 201centergy wholesale commodities exit from the merchant power business 201d for further discussion . property nuclear generating stations entergy wholesale commodities includes the ownership of the following nuclear power plants : power plant market service year acquired location capacity - reactor type license expiration .
| Power Plant | Market | In Service Year | Acquired | Location | Capacity - Reactor Type | License Expiration Date |
| :--- | :--- | :--- | :--- | :--- | :--- | :--- |
| Pilgrim (a) | IS0-NE | 1972 | July 1999 | Plymouth, MA | 688 MW - Boiling Water | 2032 (a) |
| FitzPatrick (b) | NYISO | 1975 | Nov. 2000 | Oswego, NY | 838 MW - Boiling Water | 2034 (b) |
| Indian Point 3 (c) | NYISO | 1976 | Nov. 2000 | Buchanan, NY | 1,041 MW - Pressurized Water | 2015 (c) |
| Indian Point 2 (c) | NYISO | 1974 | Sept. 2001 | Buchanan, NY | 1,028 MW - Pressurized Water | 2013 (c) |
| Vermont Yankee (d) | IS0-NE | 1972 | July 2002 | Vernon, VT | 605 MW - Boiling Water | 2032 (d) |
| Palisades (e) | MISO | 1971 | Apr. 2007 | Covert, MI | 811 MW - Pressurized Water | 2031 (e) |
.
|
string
| null |
years_run = 2015 - 2000
answer = years_run
|
what was the percentage change in unrecognized tax benefits for 2007?
|
41
|
CodeFinQA
|
in september 2007 , we reached a settlement with the united states department of justice in an ongoing investigation into financial relationships between major orthopaedic manufacturers and consulting orthopaedic surgeons . under the terms of the settlement , we paid a civil settlement amount of $ 169.5 million and we recorded an expense in that amount . no tax benefit has been recorded related to the settlement expense due to the uncertainty as to the tax treatment . we intend to pursue resolution of this uncertainty with taxing authorities , but are unable to ascertain the outcome or timing for such resolution at this time . for more information regarding the settlement , see note 15 . in june 2006 , the financial accounting standards board ( fasb ) issued interpretation no . 48 , accounting for uncertainty in income taxes 2013 an interpretation of fasb statement no . 109 , accounting for income taxes ( fin 48 ) . fin 48 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements . under fin 48 , we may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities , based on the technical merits of the position . the tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement . fin 48 also provides guidance on derecognition , classification , interest and penalties on income taxes , accounting in interim periods and requires increased disclosures . we adopted fin 48 on january 1 , 2007 . prior to the adoption of fin 48 we had a long term tax liability for expected settlement of various federal , state and foreign income tax liabilities that was reflected net of the corollary tax impact of these expected settlements of $ 102.1 million , as well as a separate accrued interest liability of $ 1.7 million . as a result of the adoption of fin 48 , we are required to present the different components of such liability on a gross basis versus the historical net presentation . the adoption resulted in the financial statement liability for unrecognized tax benefits decreasing by $ 6.4 million as of january 1 , 2007 . the adoption resulted in this decrease in the liability as well as a reduction to retained earnings of $ 4.8 million , a reduction in goodwill of $ 61.4 million , the establishment of a tax receivable of $ 58.2 million , which was recorded in other current and non-current assets on our consolidated balance sheet , and an increase in an interest/penalty payable of $ 7.9 million , all as of january 1 , 2007 . therefore , after the adoption of fin 48 , the amount of unrecognized tax benefits is $ 95.7 million as of january 1 , 2007 , of which $ 28.6 million would impact our effective tax rate , if recognized . the amount of unrecognized tax benefits is $ 135.2 million as of december 31 , 2007 . of this amount , $ 41.0 million would impact our effective tax rate , if recognized . a reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows ( in millions ) : .
| Balance at January 1, 2007 | $95.7 |
| :--- | :--- |
| Increases related to prior periods | 27.4 |
| Decreases related to prior periods | (5.5) |
| Increases related to current period | 21.9 |
| Decreases related to settlements with taxing authorities | (1.3) |
| Decreases related to lapse of statue of limitations | (3.0) |
| Balance at December 31, 2007 | $135.2 |
we recognize accrued interest and penalties related to unrecognized tax benefits in income tax expense in the consolidated statements of earnings , which is consistent with the recognition of these items in prior reporting periods . as of january 1 , 2007 , we recorded a liability of $ 9.6 million for accrued interest and penalties , of which $ 7.5 million would impact our effective tax rate , if recognized . the amount of this liability is $ 19.6 million as of december 31 , 2007 . of this amount , $ 14.7 million would impact our effective tax rate , if recognized . we expect that the amount of tax liability for unrecognized tax benefits will change in the next twelve months ; however , we do not expect these changes will have a significant impact on our results of operations or financial position . the u.s . federal statute of limitations remains open for the year 2003 and onward with years 2003 and 2004 currently under examination by the irs . it is reasonably possible that a resolution with the irs for the years 2003 through 2004 will be reached within the next twelve months , but we do not anticipate this would result in any material impact on our financial position . in addition , for the 1999 tax year of centerpulse , which we acquired in october 2003 , one issue remains in dispute . the resolution of this issue would not impact our effective tax rate , as it would be recorded as an adjustment to goodwill . state income tax returns are generally subject to examination for a period of 3 to 5 years after filing of the respective return . the state impact of any federal changes remains subject to examination by various states for a period of up to one year after formal notification to the states . we have various state income tax returns in the process of examination , administrative appeals or litigation . it is reasonably possible that such matters will be resolved in the next twelve months , but we do not anticipate that the resolution of these matters would result in any material impact on our results of operations or financial position . foreign jurisdictions have statutes of limitations generally ranging from 3 to 5 years . years still open to examination by foreign tax authorities in major jurisdictions include australia ( 2003 onward ) , canada ( 1999 onward ) , france ( 2005 onward ) , germany ( 2005 onward ) , italy ( 2003 onward ) , japan ( 2001 onward ) , puerto rico ( 2005 onward ) , singapore ( 2003 onward ) , switzerland ( 2004 onward ) , and the united kingdom ( 2005 onward ) . z i m m e r h o l d i n g s , i n c . 2 0 0 7 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) .
|
string
| null |
unrecognized_tax_benefits = 135.2
recognized_tax_benefits = 95.7
change = unrecognized_tax_benefits - recognized_tax_benefits
percent_change = change / recognized_tax_benefits
answer = percent_change * 100
|
considering the balance of unrecognized tax benefits in 2016 , what is the percentage of the potential of tax benefits that may have an earnings impact?
|
5.5599999428
|
CodeFinQA
|
the principal components of eog's rollforward of valuation allowances for deferred tax assets were as follows ( in thousands ) : .
| | 2016 | 2015 | 2014 |
| :--- | :--- | :--- | :--- |
| Beginning Balance | $506,127 | $463,018 | $223,599 |
| Increase<sup>(1)</sup> | 37,221 | 146,602 | 392,729 |
| Decrease<sup>(2)</sup> | (12,667) | (4,315) | (1,424) |
| Other<sup>(3)</sup> | (147,460) | (99,178) | (151,886) |
| Ending Balance | $383,221 | $506,127 | $463,018 |
( 1 ) increase in valuation allowance related to the generation of tax net operating losses and other deferred tax assets . ( 2 ) decrease in valuation allowance associated with adjustments to certain deferred tax assets and their related allowance . ( 3 ) represents dispositions/revisions/foreign exchange rate variances and the effect of statutory income tax rate changes . the balance of unrecognized tax benefits at december 31 , 2016 , was $ 36 million , of which $ 2 million may potentially have an earnings impact . eog records interest and penalties related to unrecognized tax benefits to its income tax provision . currently , $ 2 million of interest has been recognized in the consolidated statements of income and comprehensive income . eog does not anticipate that the amount of the unrecognized tax benefits will significantly change during the next twelve months . eog and its subsidiaries file income tax returns and are subject to tax audits in the united states and various state , local and foreign jurisdictions . eog's earliest open tax years in its principal jurisdictions are as follows : united states federal ( 2011 ) , canada ( 2012 ) , united kingdom ( 2015 ) , trinidad ( 2010 ) and china ( 2008 ) . eog's foreign subsidiaries' undistributed earnings of approximately $ 2 billion at december 31 , 2016 , are no longer considered to be permanently reinvested outside the united states and , accordingly , eog has cumulatively recorded $ 280 million of united states federal , foreign and state deferred income taxes . eog changed its permanent reinvestment assertion in 2014 . in 2016 , eog's alternative minimum tax ( amt ) credits were reduced by $ 21 million mostly as a result of carry-back claims and certain elections . remaining amt credits of $ 758 million , resulting from amt paid in prior years , will be carried forward indefinitely until they are used to offset regular income taxes in future periods . the ability of eog to utilize these amt credit carryforwards to reduce federal income taxes may become subject to various limitations under the internal revenue code . such limitations may arise if certain ownership changes ( as defined for income tax purposes ) were to occur . as of december 31 , 2016 , eog had state income tax net operating losses ( nols ) being carried forward of approximately $ 1.6 billion , which , if unused , expire between 2017 and 2035 . during 2016 , eog's united kingdom subsidiary incurred a tax nol of approximately $ 38 million which , along with prior years' nols of $ 740 million , will be carried forward indefinitely . as described above , these nols have been evaluated for the likelihood of future utilization , and valuation allowances have been established for the portion of these deferred tax assets that do not meet the "more likely than not" threshold . 7 . employee benefit plans stock-based compensation during 2016 , eog maintained various stock-based compensation plans as discussed below . eog recognizes compensation expense on grants of stock options , sars , restricted stock and restricted stock units , performance units and performance stock , and grants made under the eog resources , inc . employee stock purchase plan ( espp ) . stock-based compensation expense is calculated based upon the grant date estimated fair value of the awards , net of forfeitures , based upon eog's historical employee turnover rate . compensation expense is amortized over the shorter of the vesting period or the period from date of grant until the date the employee becomes eligible to retire without company approval. .
|
string
| null |
potential_tax_benefits = 2
tax_benefits = 36
percent_tax_benefits = potential_tax_benefits / tax_benefits
answer = percent_tax_benefits * 100
|
what were total adjustments to valuation allowances in millions?
|
35
|
CodeFinQA
|
provision for income taxes increased $ 1791 million in 2012 from 2011 primarily due to the increase in pretax income from continuing operations , including the impact of the resumption of sales in libya in the first quarter of 2012 . the following is an analysis of the effective income tax rates for 2012 and 2011: .
| | 2012 | 2011 |
| :--- | :--- | :--- |
| Statutory rate applied to income from continuing operations before income taxes | 35% | 35% |
| Effects of foreign operations, including foreign tax credits | 18 | 6 |
| Change in permanent reinvestment assertion | — | 5 |
| Adjustments to valuation allowances | 21 | 14 |
| Tax law changes | — | 1 |
| Effective income tax rate on continuing operations | 74% | 61% |
the effective income tax rate is influenced by a variety of factors including the geographic sources of income and the relative magnitude of these sources of income . the provision for income taxes is allocated on a discrete , stand-alone basis to pretax segment income and to individual items not allocated to segments . the difference between the total provision and the sum of the amounts allocated to segments appears in the "corporate and other unallocated items" shown in the reconciliation of segment income to net income below . effects of foreign operations 2013 the effects of foreign operations on our effective tax rate increased in 2012 as compared to 2011 , primarily due to the resumption of sales in libya in the first quarter of 2012 , where the statutory rate is in excess of 90 percent . change in permanent reinvestment assertion 2013 in the second quarter of 2011 , we recorded $ 716 million of deferred u.s . tax on undistributed earnings of $ 2046 million that we previously intended to permanently reinvest in foreign operations . offsetting this tax expense were associated foreign tax credits of $ 488 million . in addition , we reduced our valuation allowance related to foreign tax credits by $ 228 million due to recognizing deferred u.s . tax on previously undistributed earnings . adjustments to valuation allowances 2013 in 2012 and 2011 , we increased the valuation allowance against foreign tax credits because it is more likely than not that we will be unable to realize all u.s . benefits on foreign taxes accrued in those years . see item 8 . financial statements and supplementary data - note 10 to the consolidated financial statements for further information about income taxes . discontinued operations is presented net of tax , and reflects our downstream business that was spun off june 30 , 2011 and our angola business which we agreed to sell in 2013 . see item 8 . financial statements and supplementary data 2013 notes 3 and 6 to the consolidated financial statements for additional information. .
|
string
| null |
adjustments = 21 + 14
answer = adjustments
|
what portion of the net revenue is generated by footwear segment in 2018?
|
20.5
|
CodeFinQA
|
consolidated results of operations year ended december 31 , 2018 compared to year ended december 31 , 2017 net revenues increased $ 203.9 million , or 4.1% ( 4.1 % ) , to $ 5193.2 million in 2018 from $ 4989.2 million in 2017 . net revenues by product category are summarized below: .
| | Year Ended December 31, |
| :--- | :--- |
| (In thousands) | 2018 | 2017 | $ Change | % Change |
| Apparel | $3,462,372 | $3,287,121 | $175,251 | 5.3% |
| Footwear | 1,063,175 | 1,037,840 | 25,335 | 2.4 |
| Accessories | 422,496 | 445,838 | (23,342) | (5.2) |
| Total net sales | 4,948,043 | 4,770,799 | 177,244 | 3.7 |
| License | 124,785 | 116,575 | 8,210 | 7.0 |
| Connected Fitness | 120,357 | 101,870 | 18,487 | 18.1 |
| Total net revenues | $5,193,185 | $4,989,244 | $203,941 | 4.1% |
the increase in net sales was driven primarily by : 2022 apparel unit sales growth driven by the train category ; and 2022 footwear unit sales growth , led by the run category . the increase was partially offset by unit sales decline in accessories . license revenues increased $ 8.2 million , or 7.0% ( 7.0 % ) , to $ 124.8 million in 2018 from $ 116.6 million in 2017 . connected fitness revenue increased $ 18.5 million , or 18.1% ( 18.1 % ) , to $ 120.4 million in 2018 from $ 101.9 million in 2017 primarily driven by increased subscribers on our fitness applications . gross profit increased $ 89.1 million to $ 2340.5 million in 2018 from $ 2251.4 million in 2017 . gross profit as a percentage of net revenues , or gross margin , was unchanged at 45.1% ( 45.1 % ) in 2018 compared to 2017 . gross profit percentage was favorably impacted by lower promotional activity , improvements in product cost , lower air freight , higher proportion of international and connected fitness revenue and changes in foreign currency ; these favorable impacts were offset by channel mix including higher sales to our off-price channel and restructuring related charges . with the exception of improvements in product input costs and air freight improvements , we do not expect these trends to have a material impact on the full year 2019 . selling , general and administrative expenses increased $ 82.8 million to $ 2182.3 million in 2018 from $ 2099.5 million in 2017 . as a percentage of net revenues , selling , general and administrative expenses decreased slightly to 42.0% ( 42.0 % ) in 2018 from 42.1% ( 42.1 % ) in 2017 . selling , general and administrative expense was impacted by the following : 2022 marketing costs decreased $ 21.3 million to $ 543.8 million in 2018 from $ 565.1 million in 2017 . this decrease was primarily due to restructuring efforts , resulting in lower compensation and contractual sports marketing . this decrease was partially offset by higher costs in connection with brand marketing campaigns and increased marketing investments with the growth of our international business . as a percentage of net revenues , marketing costs decreased to 10.5% ( 10.5 % ) in 2018 from 11.3% ( 11.3 % ) in 2017 . 2022 other costs increased $ 104.1 million to $ 1638.5 million in 2018 from $ 1534.4 million in 2017 . this increase was primarily due to higher incentive compensation expense and higher costs incurred for the continued expansion of our direct to consumer distribution channel and international business . as a percentage of net revenues , other costs increased to 31.6% ( 31.6 % ) in 2018 from 30.8% ( 30.8 % ) in 2017 . restructuring and impairment charges increased $ 59.1 million to $ 183.1 million from $ 124.0 million in 2017 . refer to the restructuring plans section above for a summary of charges . income ( loss ) from operations decreased $ 52.8 million , or 189.9% ( 189.9 % ) , to a loss of $ 25.0 million in 2018 from income of $ 27.8 million in 2017 . as a percentage of net revenues , income from operations decreased to a loss of 0.4% ( 0.4 % ) in 2018 from income of 0.5% ( 0.5 % ) in 2017 . income from operations for the year ended december 31 , 2018 was negatively impacted by $ 203.9 million of restructuring , impairment and related charges in connection with the 2018 restructuring plan . income from operations for the year ended december 31 , 2017 was negatively impacted by $ 129.1 million of restructuring , impairment and related charges in connection with the 2017 restructuring plan . interest expense , net decreased $ 0.9 million to $ 33.6 million in 2018 from $ 34.5 million in 2017. .
|
string
| null |
revenue_footwear = 1063175
revenue_total = 5193185
percent_footwear = revenue_footwear / revenue_total
answer = percent_footwear * 100
|
as part of the total fleet what is the approximate number of vehicles converted to cng
|
3200
|
CodeFinQA
|
organizational structure a key enabler of the republic way operating model is our organizational structure that fosters a high performance culture by maintaining 360-degree accountability and full profit and loss responsibility with local management , supported by a functional structure to provide subject matter expertise . this structure allows us to take advantage of our scale by coordinating functionally across all of our markets , while empowering local management to respond to unique market dynamics . our senior management evaluates , oversees and manages the financial performance of our operations through two field groups , referred to as group 1 and group 2 . group 1 primarily consists of geographic areas located in the western united states , and group 2 primarily consists of geographic areas located in the southeastern and mid-western united states , and the eastern seaboard of the united states . each field group is organized into several areas and each area contains multiple business units or operating locations . each of our field groups and all of our areas provide collection , transfer , recycling and landfill services . see note 14 , segment reporting , to our consolidated financial statements in item 8 of this form 10-k for further discussion of our operating segments . through this operating model , we have rolled out several productivity and cost control initiatives designed to deliver the best service possible to our customers in an efficient and environmentally sound way . fleet automation approximately 75% ( 75 % ) of our residential routes have been converted to automated single-driver trucks . by converting our residential routes to automated service , we reduce labor costs , improve driver productivity , decrease emissions and create a safer work environment for our employees . additionally , communities using automated vehicles have higher participation rates in recycling programs , thereby complementing our initiative to expand our recycling capabilities . fleet conversion to compressed natural gas ( cng ) approximately 20% ( 20 % ) of our fleet operates on natural gas . we expect to continue our gradual fleet conversion to cng as part of our ordinary annual fleet replacement process . we believe a gradual fleet conversion is the most prudent approach to realizing the full value of our previous fleet investments . approximately 13% ( 13 % ) of our replacement vehicle purchases during 2018 were cng vehicles . we believe using cng vehicles provides us a competitive advantage in communities with strict clean emission initiatives that focus on protecting the environment . although upfront capital costs are higher , using cng reduces our overall fleet operating costs through lower fuel expenses . as of december 31 , 2018 , we operated 37 cng fueling stations . standardized maintenance based on an industry trade publication , we operate the seventh largest vocational fleet in the united states . as of december 31 , 2018 , our average fleet age in years , by line of business , was as follows : approximate number of vehicles approximate average age .
| | Approximate Number of Vehicles | Approximate Average Age |
| :--- | :--- | :--- |
| Residential | 7,000 | 7.5 |
| Small-container | 4,700 | 7.0 |
| Large-container | 4,300 | 8.8 |
| Total | 16,000 | 7.7 |
onefleet , our standardized vehicle maintenance program , enables us to use best practices for fleet management , truck care and maintenance . through standardization of core functions , we believe we can minimize variability .
|
string
| null |
cng_vehicles = 16000
cng_percent = 0.2
cng_fleet = cng_vehicles * cng_percent
answer = cng_fleet
|
in 2012 what was the percentage recognized impairment charge of
|
68.6999969482
|
CodeFinQA
|
royal caribbean cruises ltd . 79 notes to the consolidated financial statements in 2012 , we determined the implied fair value of good- will for the pullmantur reporting unit was $ 145.5 mil- lion and recognized an impairment charge of $ 319.2 million based on a probability-weighted discounted cash flow model further discussed below . this impair- ment charge was recognized in earnings during the fourth quarter of 2012 and is reported within impair- ment of pullmantur related assets within our consoli- dated statements of comprehensive income ( loss ) . during the fourth quarter of 2014 , we performed a qualitative assessment of whether it was more-likely- than-not that our royal caribbean international reporting unit 2019s fair value was less than its carrying amount before applying the two-step goodwill impair- ment test . the qualitative analysis included assessing the impact of certain factors such as general economic conditions , limitations on accessing capital , changes in forecasted operating results , changes in fuel prices and fluctuations in foreign exchange rates . based on our qualitative assessment , we concluded that it was more-likely-than-not that the estimated fair value of the royal caribbean international reporting unit exceeded its carrying value and thus , we did not pro- ceed to the two-step goodwill impairment test . no indicators of impairment exist primarily because the reporting unit 2019s fair value has consistently exceeded its carrying value by a significant margin , its financial performance has been solid in the face of mixed economic environments and forecasts of operating results generated by the reporting unit appear suffi- cient to support its carrying value . we also performed our annual impairment review of goodwill for pullmantur 2019s reporting unit during the fourth quarter of 2014 . we did not perform a quali- tative assessment but instead proceeded directly to the two-step goodwill impairment test . we estimated the fair value of the pullmantur reporting unit using a probability-weighted discounted cash flow model . the principal assumptions used in the discounted cash flow model are projected operating results , weighted- average cost of capital , and terminal value . signifi- cantly impacting these assumptions are the transfer of vessels from our other cruise brands to pullmantur . the discounted cash flow model used our 2015 pro- jected operating results as a base . to that base , we added future years 2019 cash flows assuming multiple rev- enue and expense scenarios that reflect the impact of different global economic environments beyond 2015 on pullmantur 2019s reporting unit . we assigned a probability to each revenue and expense scenario . we discounted the projected cash flows using rates specific to pullmantur 2019s reporting unit based on its weighted-average cost of capital . based on the probability-weighted discounted cash flows , we deter- mined the fair value of the pullmantur reporting unit exceeded its carrying value by approximately 52% ( 52 % ) resulting in no impairment to pullmantur 2019s goodwill . pullmantur is a brand targeted primarily at the spanish , portuguese and latin american markets , with an increasing focus on latin america . the persistent economic instability in these markets has created sig- nificant uncertainties in forecasting operating results and future cash flows used in our impairment analyses . we continue to monitor economic events in these markets for their potential impact on pullmantur 2019s business and valuation . further , the estimation of fair value utilizing discounted expected future cash flows includes numerous uncertainties which require our significant judgment when making assumptions of expected revenues , operating costs , marketing , sell- ing and administrative expenses , interest rates , ship additions and retirements as well as assumptions regarding the cruise vacation industry 2019s competitive environment and general economic and business conditions , among other factors . if there are changes to the projected future cash flows used in the impairment analyses , especially in net yields or if certain transfers of vessels from our other cruise brands to the pullmantur fleet do not take place , it is possible that an impairment charge of pullmantur 2019s reporting unit 2019s goodwill may be required . of these factors , the planned transfers of vessels to the pullmantur fleet is most significant to the projected future cash flows . if the transfers do not occur , we will likely fail step one of the impairment test . note 4 . intangible assets intangible assets are reported in other assets in our consolidated balance sheets and consist of the follow- ing ( in thousands ) : .
| | 2014 | 2013 |
| :--- | :--- | :--- |
| Indefinite-life intangible asset—Pullmantur trademarks and trade names | $214,112 | $204,866 |
| Foreign currency translation adjustment | (26,074) | 9,246 |
| Total | $188,038 | $214,112 |
during the fourth quarter of 2014 , 2013 and 2012 , we performed the annual impairment review of pullmantur 2019s trademarks and trade names using a discounted cash flow model and the relief-from-royalty method to compare the fair value of these indefinite-lived intan- gible assets to its carrying value . the royalty rate used is based on comparable royalty agreements in the tourism and hospitality industry . we used a dis- count rate comparable to the rate used in valuing the pullmantur reporting unit in our goodwill impairment test . based on the results of our testing , we did not .
|
string
| null |
fair_value = 145.5 + 319.2
impairment_charge = 319.2 / fair_value
answer = impairment_charge * 100
|
what is the growth rate in net revenue in 2016 for entergy arkansas , inc.?
|
11.6000003815
|
CodeFinQA
|
entergy arkansas , inc . and subsidiaries management 2019s financial discussion and analysis results of operations net income 2016 compared to 2015 net income increased $ 92.9 million primarily due to higher net revenue and lower other operation and maintenance expenses , partially offset by a higher effective income tax rate and higher depreciation and amortization expenses . 2015 compared to 2014 net income decreased $ 47.1 million primarily due to higher other operation and maintenance expenses , partially offset by higher net revenue . net revenue 2016 compared to 2015 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2016 to 2015 . amount ( in millions ) .
| | Amount (In Millions) |
| :--- | :--- |
| 2015 net revenue | $1,362.2 |
| Retail electric price | 161.5 |
| Other | (3.2) |
| 2016 net revenue | $1,520.5 |
the retail electric price variance is primarily due to an increase in base rates , as approved by the apsc . the new base rates were effective february 24 , 2016 and began billing with the first billing cycle of april 2016 . the increase includes an interim base rate adjustment surcharge , effective with the first billing cycle of april 2016 , to recover the incremental revenue requirement for the period february 24 , 2016 through march 31 , 2016 . a significant portion of the increase is related to the purchase of power block 2 of the union power station . see note 2 to the financial statements for further discussion of the rate case . see note 14 to the financial statements for further discussion of the union power station purchase. .
|
string
| null |
net_revenue_2016 = 1520.5
net_revenue_2015 = 1362.2
increase = net_revenue_2016 - net_revenue_2015
percent_change = increase / net_revenue_2015
answer = percent_change * 100
|
what is the maximum change in share price during the fourth quarter of 2012?
|
7.7699999809
|
CodeFinQA
|
( 5 ) we occupy approximately 350000 square feet of the one north end building . ( 6 ) this property is owned by board of trade investment company ( botic ) . kcbt maintains a 51% ( 51 % ) controlling interest in botic . we also lease other office space around the world and have also partnered with major global telecommunications carriers in connection with our telecommunications hubs whereby we place data cabinets within the carriers 2019 existing secured data centers . we believe our facilities are adequate for our current operations and that additional space can be obtained if needed . item 3 . legal proceedings see 201clegal and regulatory matters 201d in note 14 . contingencies to the consolidated financial statements beginning on page 91 for cme group 2019s legal proceedings disclosure which is incorporated herein by reference . item 4 . mine safety disclosures not applicable . part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities class a common stock our class a common stock is currently listed on nasdaq under the ticker symbol 201ccme . 201d as of february 13 , 2013 , there were approximately 3106 holders of record of our class a common stock . in may 2012 , the company 2019s board of directors declared a five-for-one split of its class a common stock effected by way of a stock dividend to its class a and class b shareholders . the stock split was effective july 20 , 2012 for all shareholders of record on july 10 , 2012 . as a result of the stock split , all amounts related to shares and per share amounts have been retroactively restated . the following table sets forth the high and low sales prices per share of our class a common stock on a quarterly basis , as reported on nasdaq. .
| 2012 | High | Low | 2011 | High | Low |
| :--- | :--- | :--- | :--- | :--- | :--- |
| First Quarter | $59.73 | $45.20 | First Quarter | $63.40 | $56.06 |
| Second Quarter | 58.24 | 50.70 | Second Quarter | 62.15 | 52.45 |
| Third Quarter | 59.35 | 49.83 | Third Quarter | 59.80 | 47.43 |
| Fourth Quarter | 57.89 | 50.12 | Fourth Quarter | 59.73 | 45.20 |
class b common stock our class b common stock is not listed on a national securities exchange or traded in an organized over- the-counter market . each class of our class b common stock is associated with a membership in a specific division of our cme exchange . cme 2019s rules provide exchange members with trading rights and the ability to use or lease these trading rights . each share of our class b common stock can be transferred only in connection with the transfer of the associated trading rights. .
|
string
| null |
high_price = 57.89
low_price = 50.12
answer = high_price - low_price
|
in madison wi what was the ratio of the square feet excluded for which the leases do not commence until 2018 as of december 31 , 2017
|
4.2300000191
|
CodeFinQA
|
table of contents item 2 . properties . the following table summarizes the facilities we lease as of december 31 , 2017 , including the location and size of each principal facility , and their designated use . we believe our facilities are adequate for our current and near-term needs , and will be able to locate additional facilities as needed . location approximate square feet operation expiration dates .
| Location | Approximate Square Feet | Operation | LeaseExpiration Dates |
| :--- | :--- | :--- | :--- |
| San Diego, CA | 1,218,000 | R&D, Manufacturing, Warehouse, Distribution, and Administrative | 2018 – 2031 |
| San Francisco Bay Area, CA | 616,000 | R&D, Manufacturing, Warehouse, and Administrative | 2018 – 2025 |
| Singapore | 395,000 | R&D, Manufacturing, Warehouse, Distribution, and Administrative | 2018 – 2025 |
| Cambridge, United Kingdom* | 92,000 | R&D, Manufacturing, and Administrative | 2020 – 2024 |
| Eindhoven, the Netherlands | 42,000 | Distribution and Administrative | 2020 |
| Madison, WI* | 73,000 | R&D, Manufacturing, Warehouse, Distribution, and Administrative | 2018 – 2019 |
| Other* | 78,000 | Administrative | 2018 – 2022 |
________________ *excludes approximately 309000 square feet for which the leases do not commence until 2018 and beyond . item 3 . legal proceedings . we are involved in various lawsuits and claims arising in the ordinary course of business , including actions with respect to intellectual property , employment , and contractual matters . in connection with these matters , we assess , on a regular basis , the probability and range of possible loss based on the developments in these matters . a liability is recorded in the financial statements if it is believed to be probable that a loss has been incurred and the amount of the loss can be reasonably estimated . because litigation is inherently unpredictable and unfavorable results could occur , assessing contingencies is highly subjective and requires judgments about future events . we regularly review outstanding legal matters to determine the adequacy of the liabilities accrued and related disclosures . the amount of ultimate loss may differ from these estimates . each matter presents its own unique circumstances , and prior litigation does not necessarily provide a reliable basis on which to predict the outcome , or range of outcomes , in any individual proceeding . because of the uncertainties related to the occurrence , amount , and range of loss on any pending litigation or claim , we are currently unable to predict their ultimate outcome , and , with respect to any pending litigation or claim where no liability has been accrued , to make a meaningful estimate of the reasonably possible loss or range of loss that could result from an unfavorable outcome . in the event opposing litigants in outstanding litigations or claims ultimately succeed at trial and any subsequent appeals on their claims , any potential loss or charges in excess of any established accruals , individually or in the aggregate , could have a material adverse effect on our business , financial condition , results of operations , and/or cash flows in the period in which the unfavorable outcome occurs or becomes probable , and potentially in future periods . item 4 . mine safety disclosures . not applicable. .
|
string
| null |
square_feet_excluded = 309000
square_feet_total = 73000
ratio_square_feet_excluded = square_feet_excluded / square_feet_total
answer = ratio_square_feet_excluded
|
what percentage of refined product sales consisted of distillates in 2008?
|
27.7000007629
|
CodeFinQA
|
the following table sets forth our refined products sales by product group and our average sales price for each of the last three years . refined product sales ( thousands of barrels per day ) 2009 2008 2007 .
| <i>(Thousands of barrels per day)</i> | 2009 | 2008 | 2007 |
| :--- | :--- | :--- | :--- |
| Gasoline | 830 | 756 | 791 |
| Distillates | 357 | 375 | 377 |
| Propane | 23 | 22 | 23 |
| Feedstocks and special products | 75 | 100 | 103 |
| Heavy fuel oil | 24 | 23 | 29 |
| Asphalt | 69 | 76 | 87 |
| TOTAL | 1,378 | 1,352 | 1,410 |
| Average sales price (Dollars per barrel) | $70.86 | $109.49 | $86.53 |
we sell gasoline , gasoline blendstocks and no . 1 and no . 2 fuel oils ( including kerosene , jet fuel and diesel fuel ) to wholesale marketing customers in the midwest , upper great plains , gulf coast and southeastern regions of the united states . we sold 51 percent of our gasoline volumes and 87 percent of our distillates volumes on a wholesale or spot market basis in 2009 . the demand for gasoline is seasonal in many of our markets , with demand typically being at its highest levels during the summer months . we have blended ethanol into gasoline for over 20 years and began expanding our blending program in 2007 , in part due to federal regulations that require us to use specified volumes of renewable fuels . ethanol volumes sold in blended gasoline were 60 mbpd in 2009 , 54 mbpd in 2008 and 40 mbpd in 2007 . the future expansion or contraction of our ethanol blending program will be driven by the economics of the ethanol supply and by government regulations . we sell reformulated gasoline , which is also blended with ethanol , in parts of our marketing territory , including : chicago , illinois ; louisville , kentucky ; northern kentucky ; milwaukee , wisconsin , and hartford , illinois . we also sell biodiesel-blended diesel in minnesota , illinois and kentucky . we produce propane at all seven of our refineries . propane is primarily used for home heating and cooking , as a feedstock within the petrochemical industry , for grain drying and as a fuel for trucks and other vehicles . our propane sales are typically split evenly between the home heating market and industrial consumers . we are a producer and marketer of petrochemicals and specialty products . product availability varies by refinery and includes benzene , cumene , dilute naphthalene oil , molten maleic anhydride , molten sulfur , propylene , toluene and xylene . we market propylene , cumene and sulfur domestically to customers in the chemical industry . we sell maleic anhydride throughout the united states and canada . we also have the capacity to produce 1400 tons per day of anode grade coke at our robinson refinery , which is used to make carbon anodes for the aluminum smelting industry , and 5500 tons per day of fuel grade coke at the garyville refinery , which is used for power generation and in miscellaneous industrial applications . in early 2009 , we discontinued production and sales of petroleum pitch and aliphatic solvents at our catlettsburg refinery . we produce and market heavy residual fuel oil or related components at all seven of our refineries . another product of crude oil , heavy residual fuel oil , is primarily used in the utility and ship bunkering ( fuel ) industries , though there are other more specialized uses of the product . we have refinery based asphalt production capacity of up to 108 mbpd . we market asphalt through 33 owned or leased terminals throughout the midwest and southeast . we have a broad customer base , including approximately 675 asphalt-paving contractors , government entities ( states , counties , cities and townships ) and asphalt roofing shingle manufacturers . we sell asphalt in the wholesale and cargo markets via rail and barge . we also produce asphalt cements , polymer modified asphalt , emulsified asphalt and industrial asphalts . in 2007 , we acquired a 35 percent interest in an entity which owns and operates a 110-million-gallon-per-year ethanol production facility in clymers , indiana . we also own a 50 percent interest in an entity which owns a 110-million-gallon-per-year ethanol production facility in greenville , ohio . the greenville plant began production in february 2008 . both of these facilities are managed by a co-owner. .
|
string
| null |
refined_sales_distillates = 375
refined_sales_total = 1352
percent_distillates = refined_sales_distillates / refined_sales_total
answer = percent_distillates * 100
|
how much of the receivables facility was utilized at december 31 , 2009?
|
66.6999969482
|
CodeFinQA
|
amount of commitment expiration per period other commercial commitments after millions of dollars total 2010 2011 2012 2013 2014 2014 .
| | | <i>Amount of Commitment Expiration per Period</i> |
| :--- | :--- | :--- |
| <i>Other Commercial Commitments</i><i>Millions of Dollars</i> | <i>Total</i> | <i>2010</i> | <i>2011</i> | <i>2012</i> | <i>2013</i> | <i>2014</i> | <i>After 2014</i> |
| Credit facilities [a] | $1,900 | $- | $- | $1,900 | $- | $- | $- |
| Sale of receivables [b] | 600 | 600 | - | - | - | - | - |
| Guarantees [c] | 416 | 29 | 76 | 24 | 8 | 214 | 65 |
| Standby letters of credit [d] | 22 | 22 | - | - | - | - | - |
| Total commercial commitments | $2,938 | $651 | $76 | $1,924 | $8 | $214 | $65 |
[a] none of the credit facility was used as of december 31 , 2009 . [b] $ 400 million of the sale of receivables program was utilized at december 31 , 2009 . [c] includes guaranteed obligations related to our headquarters building , equipment financings , and affiliated operations . [d] none of the letters of credit were drawn upon as of december 31 , 2009 . off-balance sheet arrangements sale of receivables 2013 the railroad transfers most of its accounts receivable to union pacific receivables , inc . ( upri ) , a bankruptcy-remote subsidiary , as part of a sale of receivables facility . upri sells , without recourse on a 364-day revolving basis , an undivided interest in such accounts receivable to investors . the total capacity to sell undivided interests to investors under the facility was $ 600 million and $ 700 million at december 31 , 2009 and 2008 , respectively . the value of the outstanding undivided interest held by investors under the facility was $ 400 million and $ 584 million at december 31 , 2009 and 2008 , respectively . during 2009 , upri reduced the outstanding undivided interest held by investors due to a decrease in available receivables . the value of the undivided interest held by investors is not included in our consolidated financial statements . the value of the undivided interest held by investors was supported by $ 817 million and $ 1015 million of accounts receivable held by upri at december 31 , 2009 and 2008 , respectively . at december 31 , 2009 and 2008 , the value of the interest retained by upri was $ 417 million and $ 431 million , respectively . this retained interest is included in accounts receivable in our consolidated financial statements . the interest sold to investors is sold at carrying value , which approximates fair value , and there is no gain or loss recognized from the transaction . the value of the outstanding undivided interest held by investors could fluctuate based upon the availability of eligible receivables and is directly affected by changing business volumes and credit risks , including default and dilution . if default or dilution ratios increase one percent , the value of the outstanding undivided interest held by investors would not change as of december 31 , 2009 . should our credit rating fall below investment grade , the value of the outstanding undivided interest held by investors would be reduced , and , in certain cases , the investors would have the right to discontinue the facility . the railroad services the sold receivables ; however , the railroad does not recognize any servicing asset or liability , as the servicing fees adequately compensate us for these responsibilities . the railroad collected approximately $ 13.8 billion and $ 17.8 billion during the years ended december 31 , 2009 and 2008 , respectively . upri used certain of these proceeds to purchase new receivables under the facility . the costs of the sale of receivables program are included in other income and were $ 9 million , $ 23 million , and $ 35 million for 2009 , 2008 , and 2007 , respectively . the costs include interest , which will vary based on prevailing commercial paper rates , program fees paid to banks , commercial paper issuing costs , and fees for unused commitment availability . the decrease in the 2009 costs was primarily attributable to lower commercial paper rates and a decrease in the outstanding interest held by investors. .
|
string
| null |
receivables_utilized = 400
receivables_total = 600
percent_utilized = receivables_utilized / receivables_total
answer = percent_utilized * 100
|
what percent of the total years repurchases were done in the period from may 1- may 31 2019?
|
100
|
CodeFinQA
|
j a c k h e n r y . c o m 1 5 market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the company 2019s common stock is quoted on the nasdaq global select market ( 201cnasdaq 201d ) under the symbol 201cjkhy 201d . the company established a practice of paying quarterly dividends at the end of fiscal 1990 and has paid dividends with respect to every quarter since that time . the declaration and payment of any future dividends will continue to be at the discretion of our board of directors and will depend upon , among other factors , our earnings , capital requirements , contractual restrictions , and operating and financial condition . the company does not currently foresee any changes in its dividend practices . on august 15 , 2019 , there were approximately 145300 holders of the company 2019s common stock , including individual participants in security position listings . on that same date the last sale price of the common shares as reported on nasdaq was $ 141.94 per share . issuer purchases of equity securities the following shares of the company were repurchased during the quarter ended june 30 , 2019 : total number of shares purchased ( 1 ) average price of total number of shares purchased as part of publicly announced plans ( 1 ) maximum number of shares that may yet be purchased under the plans ( 2 ) .
| | Total Number of Shares Purchased<sup>(1)</sup> | Average Price of Share | Total Number of Shares Purchased as Part of Publicly Announced Plans<sup>(1)</sup> | Maximum Number of Shares that May Yet Be Purchased Under the Plans<sup>(2)</sup> |
| :--- | :--- | :--- | :--- | :--- |
| April 1- April 30, 2019 | — | $— | — | 3,732,713 |
| May 1- May 31, 2019 | 250,000 | $134.35 | 250,000 | 3,482,713 |
| June 1- June 30, 2019 | — | $— | — | 3,482,713 |
| Total | 250,000 | $134.35 | 250,000 | 3,482,713 |
( 1 ) 250000 shares were purchased through a publicly announced repurchase plan . there were no shares surrendered to the company to satisfy tax withholding obligations in connection with employee restricted stock awards . ( 2 ) total stock repurchase authorizations approved by the company 2019s board of directors as of february 17 , 2015 were for 30.0 million shares . these authorizations have no specific dollar or share price targets and no expiration dates. .
|
string
| null |
shares_repurchased = 250000
shares_total = 250000
percent_repurchases = shares_repurchased / shares_total
answer = percent_repurchases * 100
|
what was the percent of the growth in the recurring tenant improvements from 2006 to 2007
|
8.1000003815
|
CodeFinQA
|
in february 2008 , we issued $ 300.0 million of 8.375% ( 8.375 % ) series o cumulative redeemable preferred shares . the indentures ( and related supplemental indentures ) governing our outstanding series of notes also require us to comply with financial ratios and other covenants regarding our operations . we were in compliance with all such covenants as of december 31 , 2007 . sale of real estate assets we utilize sales of real estate assets as an additional source of liquidity . we pursue opportunities to sell real estate assets at favorable prices to capture value created by us as well as to improve the overall quality of our portfolio by recycling sale proceeds into new properties with greater value creation opportunities . uses of liquidity our principal uses of liquidity include the following : 2022 property investments ; 2022 recurring leasing/capital costs ; 2022 dividends and distributions to shareholders and unitholders ; 2022 long-term debt maturities ; and 2022 other contractual obligations property investments we evaluate development and acquisition opportunities based upon market outlook , supply and long-term growth potential . recurring expenditures one of our principal uses of our liquidity is to fund the recurring leasing/capital expenditures of our real estate investments . the following is a summary of our recurring capital expenditures for the years ended december 31 , 2007 , 2006 and 2005 , respectively ( in thousands ) : .
| | 2007 | 2006 | 2005 |
| :--- | :--- | :--- | :--- |
| Recurring tenant improvements | $45,296 | $41,895 | $60,633 |
| Recurring leasing costs | 32,238 | 32,983 | 33,175 |
| Building improvements | 8,402 | 8,122 | 15,232 |
| Totals | $85,936 | $83,000 | $109,040 |
dividends and distributions in order to qualify as a reit for federal income tax purposes , we must currently distribute at least 90% ( 90 % ) of our taxable income to shareholders . we paid dividends per share of $ 1.91 , $ 1.89 and $ 1.87 for the years ended december 31 , 2007 , 2006 and 2005 , respectively . we also paid a one-time special dividend of $ 1.05 per share in 2005 as a result of the significant gain realized from an industrial portfolio sale . we expect to continue to distribute taxable earnings to meet the requirements to maintain our reit status . however , distributions are declared at the discretion of our board of directors and are subject to actual cash available for distribution , our financial condition , capital requirements and such other factors as our board of directors deems relevant . debt maturities debt outstanding at december 31 , 2007 totaled $ 4.3 billion with a weighted average interest rate of 5.74% ( 5.74 % ) maturing at various dates through 2028 . we had $ 3.2 billion of unsecured notes , $ 546.1 million outstanding on our unsecured lines of credit and $ 524.4 million of secured debt outstanding at december 31 , 2007 . scheduled principal amortization and maturities of such debt totaled $ 249.8 million for the year ended december 31 , 2007 and $ 146.4 million of secured debt was transferred to unconsolidated subsidiaries in connection with the contribution of properties in 2007. .
|
string
| null |
recurring_improvements_2007 = 45296
recurring_improvements_2006 = 41895
change = recurring_improvements_2007 - recurring_improvements_2006
percent_change = change / recurring_improvements_2006
answer = percent_change * 100
|
what percent of total payments are due within the next year ( 2020 ) ?
|
18.1499996185
|
CodeFinQA
|
factors , including the market price of our common stock , general economic and market conditions and applicable legal requirements . the repurchase program may be commenced , suspended or discontinued at any time . in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million . in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million . as of september 30 , 2019 , we had approximately 19.1 million shares of common stock available for repurchase under the program . we anticipate that we will be able to fund our capital expenditures , interest payments , dividends and stock repurchases , pension payments , working capital needs , note repurchases , restructuring activities , repayments of current portion of long-term debt and other corporate actions for the foreseeable future from cash generated from operations , borrowings under our credit facilities , proceeds from our a/r sales agreement , proceeds from the issuance of debt or equity securities or other additional long-term debt financing , including new or amended facilities . in addition , we continually review our capital structure and conditions in the private and public debt markets in order to optimize our mix of indebtedness . in connection with these reviews , we may seek to refinance existing indebtedness to extend maturities , reduce borrowing costs or otherwise improve the terms and composition of our indebtedness . contractual obligations we summarize our enforceable and legally binding contractual obligations at september 30 , 2019 , and the effect these obligations are expected to have on our liquidity and cash flow in future periods in the following table . certain amounts in this table are based on management 2019s estimates and assumptions about these obligations , including their duration , the possibility of renewal , anticipated actions by third parties and other factors , including estimated minimum pension plan contributions and estimated benefit payments related to postretirement obligations , supplemental retirement plans and deferred compensation plans . because these estimates and assumptions are subjective , the enforceable and legally binding obligations we actually pay in future periods may vary from those presented in the table. .
| | Payments Due by Period |
| :--- | :--- |
| (In millions) | Total | Fiscal 2020 | Fiscal 2021and 2022 | Fiscal 2023and 2024 | Thereafter |
| Long-Term Debt, including current portion,excluding capital lease obligations<sup>(1)</sup> | $9,714.1 | $550.8 | $939.8 | $2,494.3 | $5,729.2 |
| Operating lease obligations<sub></sub><sup>(2)</sup> | 930.4 | 214.3 | 316.4 | 193.6 | 206.1 |
| Capital lease obligations<sup>(3)</sup> | 168.9 | 6.4 | 8.7 | 2.9 | 150.9 |
| Purchase obligations and other<sup>(4) (5) (6)</sup> | 2,293.5 | 1,607.0 | 292.5 | 206.7 | 187.3 |
| Total | $13,106.9 | $2,378.5 | $1,557.4 | $2,897.5 | $6,273.5 |
( 1 ) includes only principal payments owed on our debt assuming that all of our long-term debt will be held to maturity , excluding scheduled payments . we have excluded $ 163.5 million of fair value of debt step-up , deferred financing costs and unamortized bond discounts from the table to arrive at actual debt obligations . see 201cnote 13 . debt 201d of the notes to consolidated financial statements for information on the interest rates that apply to our various debt instruments . ( 2 ) see 201cnote 15 . operating leases 201d of the notes to consolidated financial statements for additional information . ( 3 ) the fair value step-up of $ 16.9 million is excluded . see 201cnote 13 . debt 2014 capital lease and other indebtedness 201d of the notes to consolidated financial statements for additional information . ( 4 ) purchase obligations include agreements to purchase goods or services that are enforceable and legally binding and that specify all significant terms , including : fixed or minimum quantities to be purchased ; fixed , minimum or variable price provision ; and the approximate timing of the transaction . purchase obligations exclude agreements that are cancelable without penalty . ( 5 ) we have included in the table future estimated minimum pension plan contributions and estimated benefit payments related to postretirement obligations , supplemental retirement plans and deferred compensation plans . our estimates are based on factors , such as discount rates and expected returns on plan assets . future contributions are subject to changes in our underfunded status based on factors such as investment performance , discount rates , returns on plan assets and changes in legislation . it is possible that our assumptions may change , actual market performance may vary or we may decide to contribute different amounts . we have excluded $ 237.2 million of multiemployer pension plan withdrawal liabilities recorded as of september 30 , 2019 , including our estimate of the accumulated funding deficiency , due to lack of .
|
string
| null |
payments_2020 = 2378.5
payments_total = 13106.9
percent_2020 = payments_2020 / payments_total
answer = percent_2020 * 100
|
what are total estimated future benefit payments in millions for 2019?
|
1364
|
CodeFinQA
|
investment strategy the company 2019s global pension and postretirement funds 2019 investment strategy is to invest in a prudent manner for the exclusive purpose of providing benefits to participants . the investment strategies are targeted to produce a total return that , when combined with the company 2019s contributions to the funds , will maintain the funds 2019 ability to meet all required benefit obligations . risk is controlled through diversification of asset types and investments in domestic and international equities , fixed income securities and cash and short-term investments . the target asset allocation in most locations outside the u.s . is primarily in equity and debt securities . these allocations may vary by geographic region and country depending on the nature of applicable obligations and various other regional considerations . the wide variation in the actual range of plan asset allocations for the funded non-u.s . plans is a result of differing local statutory requirements and economic conditions . for example , in certain countries local law requires that all pension plan assets must be invested in fixed income investments , government funds or local-country securities . significant concentrations of risk in plan assets the assets of the company 2019s pension plans are diversified to limit the impact of any individual investment . the u.s . qualified pension plan is diversified across multiple asset classes , with publicly traded fixed income , hedge funds , publicly traded equity and real estate representing the most significant asset allocations . investments in these four asset classes are further diversified across funds , managers , strategies , vintages , sectors and geographies , depending on the specific characteristics of each asset class . the pension assets for the company 2019s non-u.s . significant plans are primarily invested in publicly traded fixed income and publicly traded equity securities . oversight and risk management practices the framework for the company 2019s pension oversight process includes monitoring of retirement plans by plan fiduciaries and/or management at the global , regional or country level , as appropriate . independent risk management contributes to the risk oversight and monitoring for the company 2019s u.s . qualified pension plan and non-u.s . significant pension plans . although the specific components of the oversight process are tailored to the requirements of each region , country and plan , the following elements are common to the company 2019s monitoring and risk management process : 2022 periodic asset/liability management studies and strategic asset allocation reviews ; 2022 periodic monitoring of funding levels and funding ratios ; 2022 periodic monitoring of compliance with asset allocation guidelines ; 2022 periodic monitoring of asset class and/or investment manager performance against benchmarks ; and 2022 periodic risk capital analysis and stress testing . estimated future benefit payments the company expects to pay the following estimated benefit payments in future years: .
| | Pension plans | Postretirement benefit plans |
| :--- | :--- | :--- |
| In millions of dollars | U.S. plans | Non-U.S. plans | U.S. plans | Non-U.S. plans |
| 2019 | $797 | $435 | $62 | $70 |
| 2020 | 828 | 417 | 62 | 75 |
| 2021 | 847 | 426 | 61 | 80 |
| 2022 | 857 | 448 | 59 | 86 |
| 2023 | 873 | 471 | 57 | 92 |
| 2024–2028 | 4,365 | 2,557 | 252 | 547 |
.
|
string
| null |
table_row = [797, 435, 62, 70] # row labeled 2019
a = sum(table_row)
|
what was the improvement in non-recurring items relating to impairments from 2011 to 2012 , in millions?
|
12.5
|
CodeFinQA
|
american tower corporation and subsidiaries notes to consolidated financial statements related contingent consideration , and any subsequent changes in fair value using a discounted probability- weighted approach . this approach takes into consideration level 3 unobservable inputs including probability assessments of expected future cash flows over the period in which the obligation is expected to be settled and applies a discount factor that captures the uncertainties associated with the obligation . changes in these unobservable inputs could significantly impact the fair value of the liabilities recorded in the accompanying consolidated balance sheets and operating expenses in the consolidated statements of operations . as of december 31 , 2012 , the company estimates the value of all potential acquisition-related contingent consideration required payments to be between zero and $ 43.6 million . during the years ended december 31 , 2012 and 2011 , the fair value of the contingent consideration changed as follows ( in thousands ) : .
| | 2012 | 2011 |
| :--- | :--- | :--- |
| Balance as of January 1 | $25,617 | $5,809 |
| Additions | 6,653 | 19,853 |
| Payments | (15,716) | (5,742) |
| Change in fair value | 6,329 | 5,634 |
| Foreign currency translation adjustment | 828 | 63 |
| Balance as of December 31 | $23,711 | $25,617 |
items measured at fair value on a nonrecurring basis 2014during the year ended december 31 , 2012 , certain long-lived assets held and used with a carrying value of $ 5379.2 million were written down to their net realizable value of $ 5357.7 million as a result of an asset impairment charge of $ 21.5 million , which was recorded in other operating expenses in the accompanying consolidated statements of operations . during the year ended december 31 , 2011 , long-lived assets held and used with a carrying value of $ 4280.8 million were written down to their net realizable value of $ 4271.8 million , resulting in an asset impairment charge of $ 9.0 million . these adjustments were determined by comparing the estimated proceeds from sale of assets or the projected future discounted cash flows to be provided from the long-lived assets ( calculated using level 3 inputs ) to the asset 2019s carrying value . there were no other items measured at fair value on a nonrecurring basis during the year ended december 31 , 2012 . fair value of financial instruments 2014the carrying value of the company 2019s financial instruments , with the exception of long-term obligations , including the current portion , reasonably approximate the related fair value as of december 31 , 2012 and 2011 . the company 2019s estimates of fair value of its long-term obligations , including the current portion , are based primarily upon reported market values . for long-term debt not actively traded , fair value was estimated using a discounted cash flow analysis using rates for debt with similar terms and maturities . as of december 31 , 2012 , the carrying value and fair value of long-term obligations , including the current portion , were $ 8.8 billion and $ 9.4 billion , respectively , of which $ 4.9 billion was measured using level 1 inputs and $ 4.5 billion was measured using level 2 inputs . as of december 31 , 2011 , the carrying value and fair value of long-term obligations , including the current portion , were $ 7.2 billion and $ 7.5 billion , respectively , of which $ 3.8 billion was measured using level 1 inputs and $ 3.7 billion was measured using level 2 inputs . 13 . income taxes the company has filed , for prior taxable years through its taxable year ended december 31 , 2011 , a consolidated u.s . federal tax return , which includes all of its wholly owned domestic subsidiaries . for its taxable year commencing january 1 , 2012 , the company intends to file as a reit , and its domestic trss intend to file as c corporations . the company also files tax returns in various states and countries . the company 2019s state tax returns reflect different combinations of the company 2019s subsidiaries and are dependent on the connection each subsidiary has with a particular state . the following information pertains to the company 2019s income taxes on a consolidated basis. .
|
string
| null |
impairment_charge = 21.5
decrease = impairment_charge - 9.0
answer = decrease
|
what was the percent of the total number of shares purchased in october
|
87.5999984741
|
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 , 2014 to december 31 , 2014 . 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 MayYet Be Purchased Under thePlans or Programs<sup>3</sup> |
| :--- | :--- | :--- | :--- | :--- |
| October 1 - 31 | 5,854,930 | $18.93 | 5,849,517 | $159,819,370 |
| November 1 - 30 | 4,266 | $20.29 | — | $159,819,370 |
| December 1 - 31 | 826,744 | $19.67 | 826,639 | $143,559,758 |
| Total | 6,685,940 | $19.02 | 6,676,156 | |
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 5413 withheld shares in october 2014 , 4266 withheld shares in november 2014 and 105 withheld shares in december 2014 . 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 2014 , the board authorized a new share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock ( the 201c2014 share repurchase program 201d ) . on february 13 , 2015 , 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 available for repurchase under the 2014 share repurchase program . there is no expiration date associated with the share repurchase programs. .
|
string
| null |
shares_repurchased = 5854930
shares_total = 6685940
percent_october = shares_repurchased / shares_total
answer = percent_october * 100
|
what is the net change amount of unrecognized tax benefits for the given period?
|
12236
|
CodeFinQA
|
notes to consolidated financial statements 2014 ( continued ) a reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows ( in thousands ) : .
| Balance at October 1, 2010 | $19,900 |
| :--- | :--- |
| Increases based on positions related to prior years | 935 |
| Increases based on positions related to current year | 11,334 |
| Decreases relating to settlements with taxing authorities | — |
| Decreases relating to lapses of applicable statutes of limitations | (33) |
| Balance at September 30, 2011 | $32,136 |
the company 2019s major tax jurisdictions as of september 30 , 2011 are the united states , california , iowa , singapore and canada . for the united states , the company has open tax years dating back to fiscal year 1998 due to the carry forward of tax attributes . for california and iowa , the company has open tax years dating back to fiscal year 2002 due to the carry forward of tax attributes . for singapore , the company has open tax years dating back to fiscal year 2011 . for canada , the company has open tax years dating back to fiscal year 2004 . during the year ended september 30 , 2011 , the company did not recognize any significant amount of previously unrecognized tax benefits related to the expiration of the statute of limitations . the company 2019s policy is to recognize accrued interest and penalties , if incurred , on any unrecognized tax benefits as a component of income tax expense . the company recognized $ 0.5 million of accrued interest or penalties related to unrecognized tax benefits during fiscal year 2011 . 11 . stockholders 2019 equity common stock at september 30 , 2011 , the company is authorized to issue 525000000 shares of common stock , par value $ 0.25 per share of which 195407396 shares are issued and 186386197 shares outstanding . holders of the company 2019s common stock are entitled to such dividends as may be declared by the company 2019s board of directors out of funds legally available for such purpose . dividends may not be paid on common stock unless all accrued dividends on preferred stock , if any , have been paid or declared and set aside . in the event of the company 2019s liquidation , dissolution or winding up , the holders of common stock will be entitled to share pro rata in the assets remaining after payment to creditors and after payment of the liquidation preference plus any unpaid dividends to holders of any outstanding preferred stock . each holder of the company 2019s common stock is entitled to one vote for each such share outstanding in the holder 2019s name . no holder of common stock is entitled to cumulate votes in voting for directors . the company 2019s second amended and restated certificate of incorporation provides that , unless otherwise determined by the company 2019s board of directors , no holder of common stock has any preemptive right to purchase or subscribe for any stock of any class which the company may issue or sell . on august 3 , 2010 , the board of directors approved a stock repurchase program , pursuant to which the company is authorized to repurchase up to $ 200.0 million of the company 2019s common stock from time to time on the open market or in privately negotiated transactions as permitted by securities laws and other legal requirements . during the fiscal year ended september 30 , 2011 , the company paid approximately $ 70.0 million ( including commissions ) in connection with the repurchase of 2768045 shares of its common stock ( paying an average price of $ 25.30 per share ) . as of september 30 , 2011 , $ 130.0 million remained available under the existing share repurchase program . page 110 skyworks / annual report 2011 .
|
string
| null |
unrecognized_tax_benefits = 32136 - 19900
answer = unrecognized_tax_benefits
|
what is the total amount of cash used for the repurchase of shares during november?
|
88437720
|
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 , 2013 to december 31 , 2013 . 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 MayYet Be Purchased Under thePlans or Programs<sup>3</sup> |
| :--- | :--- | :--- | :--- | :--- |
| October 1 - 31 | 3,351,759 | $16.63 | 3,350,692 | $263,702,132 |
| November 1 - 30 | 5,202,219 | $17.00 | 5,202,219 | $175,284,073 |
| December 1 - 31 | 3,323,728 | $17.07 | 3,323,728 | $118,560,581 |
| Total | 11,877,706 | $16.91 | 11,876,639 | |
1 includes 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 1067 withheld shares in october 2013 . no withheld shares were purchased in november or december of 2013 . 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 6 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 2013 , the board authorized a new share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock ( the 201c2013 share repurchase program 201d ) . in march 2013 , the board authorized an increase in the amount available under our 2013 share repurchase program up to $ 500.0 million , excluding fees , of our common stock . on february 14 , 2014 , 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 available for repurchase under the 2013 share repurchase program . there is no expiration date associated with the share repurchase programs. .
|
string
| null |
shares_repurchased = 5202219
price = 17.00
cash_used = shares_repurchased * price
answer = cash_used
|
what portion of the credit allowance was outstanding on december 31 , 2017 ? ( % ( % ) )
|
85.3300018311
|
CodeFinQA
|
all debt and common and preferred stock issuances by entergy texas require prior regulatory approval . debt issuances are also subject to issuance tests set forth in its bond indenture and other agreements . entergy texas has sufficient capacity under these tests to meet its foreseeable capital needs . entergy texas 2019s receivables from or ( payables to ) the money pool were as follows as of december 31 for each of the following years. .
| 2017 | 2016 | 2015 | 2014 |
| :--- | :--- | :--- | :--- |
| (In Thousands) |
| $44,903 | $681 | ($22,068) | $306 |
see note 4 to the financial statements for a description of the money pool . entergy texas has a credit facility in the amount of $ 150 million scheduled to expire in august 2022 . the credit facility allows entergy texas to issue letters of credit against $ 30 million of the borrowing capacity of the facility . as of december 31 , 2017 , there were no cash borrowings and $ 25.6 million of letters of credit outstanding under the credit facility . in addition , entergy texas is a party to an uncommitted letter of credit facility as a means to post collateral to support its obligations to miso . as of december 31 , 2017 , a $ 22.8 million letter of credit was outstanding under entergy texas 2019s letter of credit facility . see note 4 to the financial statements for additional discussion of the credit facilities . entergy texas obtained authorizations from the ferc through october 2019 for short-term borrowings , not to exceed an aggregate amount of $ 200 million at any time outstanding , and long-term borrowings and security issuances . see note 4 to the financial statements for further discussion of entergy texas 2019s short-term borrowing limits . entergy texas , inc . and subsidiaries management 2019s financial discussion and analysis state and local rate regulation and fuel-cost recovery the rates that entergy texas charges for its services significantly influence its financial position , results of operations , and liquidity . entergy texas is regulated and the rates charged to its customers are determined in regulatory proceedings . the puct , a governmental agency , is primarily responsible for approval of the rates charged to customers . filings with the puct 2011 rate case in november 2011 , entergy texas filed a rate case requesting a $ 112 million base rate increase reflecting a 10.6% ( 10.6 % ) return on common equity based on an adjusted june 2011 test year . a0 a0the rate case also proposed a purchased power recovery rider . a0 a0on january 12 , 2012 , the puct voted not to address the purchased power recovery rider in the rate case , but the puct voted to set a baseline in the rate case proceeding that would be applicable if a purchased power capacity rider is approved in a separate proceeding . a0 a0in april 2012 the puct staff filed direct testimony recommending a base rate increase of $ 66 million and a 9.6% ( 9.6 % ) return on common equity . a0 a0the puct staff , however , subsequently filed a statement of position in the proceeding indicating that it was still evaluating the position it would ultimately take in the case regarding entergy texas 2019s recovery of purchased power capacity costs and entergy texas 2019s proposal to defer its miso transition expenses . a0 a0in april 2012 , entergy texas filed rebuttal testimony indicating a revised request for a $ 105 million base rate increase . a0 a0a hearing was held in late-april through early-may 2012 . in september 2012 the puct issued an order approving a $ 28 million rate increase , effective july 2012 . a0 a0the order included a finding that 201ca return on common equity ( roe ) of 9.80 percent will allow [entergy texas] a reasonable opportunity to earn a reasonable return on invested capital . 201d a0 a0the order also provided for increases in depreciation rates and the annual storm reserve accrual . a0 a0the order also reduced entergy texas 2019s proposed purchased power capacity costs , stating that they are not known and measurable ; reduced entergy texas 2019s regulatory assets associated with hurricane rita ; excluded from rate recovery capitalized financially-based incentive compensation ; included $ 1.6 million of miso transition expense in base rates ; and reduced entergy 2019s texas 2019s fuel reconciliation recovery by $ 4 .
|
string
| null |
credit_allowance = 25.6
credit_allowance_total = 30
percent_outstanding = credit_allowance / credit_allowance_total
answer = percent_outstanding * 100
|
what is the net change in net revenue during 2003 for entergy arkansas , inc.?
|
97.1999969482
|
CodeFinQA
|
entergy arkansas , inc . management's financial discussion and analysis fuel and purchased power expenses increased primarily due to increased recovery of deferred fuel and purchased power costs primarily due to an increase in april 2004 in the energy cost recovery rider and the true-ups to the 2003 and 2002 energy cost recovery rider filings . other regulatory credits decreased primarily due to the over-recovery of grand gulf costs due to an increase in the grand gulf rider effective january 2004 . 2003 compared to 2002 net revenue , which is entergy arkansas' measure of gross margin , consists of operating revenues net of : 1 ) fuel , fuel-related , and purchased power expenses and 2 ) other regulatory credits . following is an analysis of the change in net revenue comparing 2003 to 2002. .
| | (In Millions) |
| :--- | :--- |
| 2002 net revenue | $1,095.9 |
| March 2002 settlement agreement | (154.0) |
| Volume/weather | (7.7) |
| Asset retirement obligation | 30.1 |
| Net wholesale revenue | 16.6 |
| Deferred fuel cost revisions | 10.2 |
| Other | 7.6 |
| 2003 net revenue | $998.7 |
the march 2002 settlement agreement resolved a request for recovery of ice storm costs incurred in december 2000 with an offset of those costs for funds contributed to pay for future stranded costs . a 1997 settlement provided for the collection of earnings in excess of an 11% ( 11 % ) return on equity in a transition cost account ( tca ) to offset stranded costs if retail open access were implemented . in mid- and late december 2000 , two separate ice storms left 226000 and 212500 entergy arkansas customers , respectively , without electric power in its service area . entergy arkansas filed a proposal to recover costs plus carrying charges associated with power restoration caused by the ice storms . entergy arkansas' final storm damage cost determination reflected costs of approximately $ 195 million . the apsc approved a settlement agreement submitted in march 2002 by entergy arkansas , the apsc staff , and the arkansas attorney general . in the march 2002 settlement , the parties agreed that $ 153 million of the ice storm costs would be classified as incremental ice storm expenses that can be offset against the tca on a rate class basis , and any excess of ice storm costs over the amount available in the tca would be deferred and amortized over 30 years , although such excess costs were not allowed to be included as a separate component of rate base . the allocated ice storm expenses exceeded the available tca funds by $ 15.8 million which was recorded as a regulatory asset in june 2002 . in accordance with the settlement agreement and following the apsc's approval of the 2001 earnings review related to the tca , entergy arkansas filed to return $ 18.1 million of the tca to certain large general service class customers that paid more into the tca than their allocation of storm costs . the apsc approved the return of funds to the large general service customer class in the form of refund checks in august 2002 . as part of the implementation of the march 2002 settlement agreement provisions , the tca procedure ceased with the 2001 earnings evaluation . of the remaining ice storm costs , $ 32.2 million was addressed through established ratemaking procedures , including $ 22.2 million classified as capital additions , while $ 3.8 million of the ice storm costs was not recovered through rates . the effect on net income of the march 2002 settlement agreement and 2001 earnings review was a $ 2.2 million increase in 2003 , because the decrease in net revenue was offset by the decrease in operation and maintenance expenses discussed below. .
|
string
| null |
net_revenue_2003 = 998.7
net_revenue_2002 = 1095.9
change = net_revenue_2003 - net_revenue_2002
answer = change
|
what is the total goodwill of arconic , in dollars?
|
5495.7099609375
|
CodeFinQA
|
properties , plants , and equipment . properties , plants , and equipment are recorded at cost . depreciation is recorded principally on the straight-line method at rates based on the estimated useful lives of the assets . the following table details the weighted-average useful lives of structures and machinery and equipment by reporting segment ( numbers in years ) : .
| Segment | Structures | Machinery and equipment |
| :--- | :--- | :--- |
| Global Rolled Products | 31 | 21 |
| Engineered Products and Solutions | 29 | 17 |
| Transportation and Construction Solutions | 27 | 19 |
gains or losses from the sale of assets are generally recorded in other income , net ( see policy below for assets classified as held for sale and discontinued operations ) . repairs and maintenance are charged to expense as incurred . interest related to the construction of qualifying assets is capitalized as part of the construction costs . properties , plants , and equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets ( asset group ) may not be recoverable . recoverability of assets is determined by comparing the estimated undiscounted net cash flows of the operations related to the assets ( asset group ) to their carrying amount . an impairment loss would be recognized when the carrying amount of the assets ( asset group ) exceeds the estimated undiscounted net cash flows . the amount of the impairment loss to be recorded is calculated as the excess of the carrying value of the assets ( asset group ) over their fair value , with fair value determined using the best information available , which generally is a discounted cash flow ( dcf ) model . the determination of what constitutes an asset group , the associated estimated undiscounted net cash flows , and the estimated useful lives of assets also require significant judgments . goodwill and other intangible assets . goodwill is not amortized ; instead , it is reviewed for impairment annually ( in the fourth quarter ) or more frequently if indicators of impairment exist or if a decision is made to sell or exit a business . a significant amount of judgment is involved in determining if an indicator of impairment has occurred . such indicators may include deterioration in general economic conditions , negative developments in equity and credit markets , adverse changes in the markets in which an entity operates , increases in input costs that have a negative effect on earnings and cash flows , or a trend of negative or declining cash flows over multiple periods , among others . the fair value that could be realized in an actual transaction may differ from that used to evaluate the impairment of goodwill . goodwill is allocated among and evaluated for impairment at the reporting unit level , which is defined as an operating segment or one level below an operating segment . arconic has eight reporting units , of which four are included in the engineered products and solutions segment , three are included in the transportation and construction solutions segment , and the remaining reporting unit is the global rolled products segment . more than 70% ( 70 % ) of arconic 2019s total goodwill is allocated to two reporting units as follows : arconic fastening systems and rings ( afsr ) ( $ 2200 ) and arconic power and propulsion ( app ) ( $ 1647 ) businesses , both of which are included in the engineered products and solutions segment . these amounts include an allocation of corporate 2019s goodwill . in november 2014 , arconic acquired firth rixson ( see note f ) , and , as a result recognized $ 1801 in goodwill . this amount was allocated between the afsr and arconic forgings and extrusions ( afe ) reporting units , which is part of the engineered products and solutions segment . in march and july 2015 , arconic acquired tital and rti , respectively , ( see note f ) and recognized $ 117 and $ 298 , respectively , in goodwill . the goodwill amount related to tital was allocated to the app reporting unit and the amount related to rti was allocated to arconic titanium and engineered products ( atep ) , a new arconic reporting unit that consists solely of the acquired rti business and is part of the engineered products and solutions segment . in reviewing goodwill for impairment , an entity has the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not ( greater than 50% ( 50 % ) ) that the estimated fair value of a reporting unit is less than its carrying amount . if an entity elects to perform a qualitative assessment and determines that an impairment is more likely than not , the entity is then required to perform the .
|
string
| null |
goodwill = 2200 + 1647
total_goodwill = goodwill * 100
answer = total_goodwill / 70
|
what is the ratio of net carrying amount of notes to equity net of taxes?
|
5.0999999046
|
CodeFinQA
|
table of contents as of september 25 , 2010 , the carrying amount of the original notes and related equity component ( recorded in capital in excess of par value , net of deferred taxes ) consisted of the following: .
| Convertible notes principal amount | $1,725,000 |
| :--- | :--- |
| Unamortized discount | (277,947) |
| Net carrying amount | $1,447,053 |
| Equity component, net of taxes | $283,638 |
as noted above , on november 18 , 2010 , the company executed separate , privately-negotiated exchange agreements , and the company retired $ 450.0 million in aggregate principal of its original notes for $ 450.0 million in aggregate principal of exchange notes . the company accounted for this retirement under the derecognition provisions of subtopic asc 470-20-40 , which requires the allocation of the fair value of the consideration transferred ( i.e. , the exchange notes ) between the liability and equity components of the original instrument to determine the gain or loss on the transaction . in connection with this transaction , the company recorded a loss on extinguishment of debt of $ 29.9 million , which is comprised of the loss on the debt itself of $ 26.0 million and the write-off of the pro-rata amount of debt issuance costs of $ 3.9 million allocated to the notes retired . the loss on the debt itself is calculated as the difference between the fair value of the liability component of the original notes 2019 amount retired immediately before the exchange and its related carrying value immediately before the exchange . the fair value of the liability component was calculated similar to the description above for initially recording the original notes under fsp apb 14-1 , and the company used an effective interest rate of 5.46% ( 5.46 % ) , representing the estimated nonconvertible debt borrowing rate with a three year maturity at the measurement date . in addition , under this accounting standard , a portion of the fair value of the consideration transferred is allocated to the reacquisition of the equity component , which is the difference between the fair value of the consideration transferred and the fair value of the liability component immediately before the exchange . as a result , $ 39.9 million was allocated to the reacquisition of the equity component of the original instrument , which is recorded net of deferred taxes within capital in excess of par value . since the exchange notes have the same characteristics as the original notes and can be settled in cash or a combination of cash and shares of common stock ( i.e. , partial settlement ) , the company is required to account for the liability and equity components of its exchange notes separately to reflect its nonconvertible debt borrowing rate . the company estimated the fair value of the exchange notes liability component to be $ 349.0 million using a discounted cash flow technique . key inputs used to estimate the fair value of the liability component included the company 2019s estimated nonconvertible debt borrowing rate as of november 18 , 2010 ( the date the convertible notes were issued ) , the amount and timing of cash flows , and the expected life of the exchange notes . the company used an estimated effective interest rate of 6.52% ( 6.52 % ) . the excess of the fair value transferred over the estimated fair value of the liability component totaling $ 97.3 million was allocated to the conversion feature as an increase to capital in excess of par value with a corresponding offset recognized as a discount to reduce the net carrying value of the exchange notes . as a result of the fair value of the exchange notes being lower than the exchange notes principal value , there is an additional discount on the exchange notes of $ 3.7 million at the measurement date . the total discount is being amortized to interest expense over a six-year period ending december 15 , 2016 ( the expected life of the liability component ) using the effective interest method . in addition , third-party transaction costs have been allocated to the liability and equity components based on the relative values of these components . source : hologic inc , 10-k , november 23 , 2011 powered by morningstar ae document research 2120 the information contained herein may not be copied , adapted or distributed and is not warranted to be accurate , complete or timely . the user assumes all risks for any damages or losses arising from any use of this information , except to the extent such damages or losses cannot be limited or excluded by applicable law . past financial performance is no guarantee of future results. .
|
string
| null |
net_carrying_amount = 1447053
equity_component = 283638
ratio = net_carrying_amount / equity_component
answer = ratio
|
what is the roi in s&p500 if the investment was made in 2012 and sold in 2015?
|
56.9000015259
|
CodeFinQA
|
performance graph the performance graph below shows the five-year cumulative total stockholder return on applied common stock during the period from october 28 , 2012 through october 29 , 2017 . this is compared with the cumulative total return of the standard & poor 2019s 500 stock index and the rdg semiconductor composite index over the same period . the comparison assumes $ 100 was invested on october 28 , 2012 in applied common stock and in each of the foregoing indices and assumes reinvestment of dividends , if any . dollar amounts in the graph are rounded to the nearest whole dollar . the performance shown in the graph represents past performance and should not be considered an indication of future performance . comparison of 5 year cumulative total return* among applied materials , inc. , the s&p 500 index and the rdg semiconductor composite index *assumes $ 100 invested on 10/28/12 in stock or 10/31/12 in index , including reinvestment of dividends . indexes calculated on month-end basis . copyright a9 2017 standard & poor 2019s , a division of s&p global . all rights reserved. .
| | 10/28/2012 | 10/27/2013 | 10/26/2014 | 10/25/2015 | 10/30/2016 | 10/29/2017 |
| :--- | :--- | :--- | :--- | :--- | :--- | :--- |
| Applied Materials | 100.00 | 171.03 | 207.01 | 165.34 | 293.64 | 586.91 |
| S&P 500 Index | 100.00 | 127.18 | 149.14 | 156.89 | 163.97 | 202.72 |
| RDG Semiconductor Composite Index | 100.00 | 131.94 | 167.25 | 160.80 | 193.36 | 288.96 |
dividends during each of fiscal 2017 , 2016 and 2015 , applied 2019s board of directors declared four quarterly cash dividends in the amount of $ 0.10 per share . applied currently anticipates that cash dividends will continue to be paid on a quarterly basis , although the declaration of any future cash dividend is at the discretion of the board of directors and will depend on applied 2019s financial condition , results of operations , capital requirements , business conditions and other factors , as well as a determination by the board of directors that cash dividends are in the best interests of applied 2019s stockholders . 10/28/12 10/27/13 10/26/14 10/25/15 10/30/16 10/29/17 applied materials , inc . s&p 500 rdg semiconductor composite .
|
string
| null |
start_value = 100
end_value = 156.89
answer = (end_value - start_value) / 100 * 100
|
what was the percentage change in operating income from 2004 to 2005?
|
73
|
CodeFinQA
|
higher average borrowings . additionally , the recapitalization that occurred late in the first quarter of 2005 resulted in a full year of interest in 2006 as compared to approximately ten months in 2005 . the increase in interest expense in 2005 as compared to 2004 also resulted from the recapitalization in 2005 . income tax expense income tax expense totaled $ 150.2 million , $ 116.1 million and $ 118.3 million for 2006 , 2005 and 2004 , respectively . this resulted in an effective tax rate of 37.2% ( 37.2 % ) , 37.2% ( 37.2 % ) and 37.6% ( 37.6 % ) for 2006 , 2005 and 2004 , respectively . net earnings net earnings totaled $ 259.1 million , $ 196.6 and $ 189.4 million for 2006 , 2005 and 2004 , respectively , or $ 1.37 , $ 1.53 and $ 1.48 per diluted share , respectively . segment results of operations transaction processing services ( in thousands ) .
| | 2006 | 2005 | 2004 |
| :--- | :--- | :--- | :--- |
| Processing and services revenues | $2,458,777 | $1,208,430 | $892,033 |
| Cost of revenues | 1,914,148 | 904,124 | 667,078 |
| Gross profit | 544,629 | 304,306 | 224,955 |
| Selling, general and administrative expenses | 171,106 | 94,889 | 99,581 |
| Research and development costs | 70,879 | 85,702 | 54,038 |
| Operating income | $302,644 | $123,715 | $71,336 |
revenues for the transaction processing services segment are derived from three main revenue channels ; enterprise solutions , integrated financial solutions and international . revenues from transaction processing services totaled $ 2458.8 million , $ 1208.4 and $ 892.0 million for 2006 , 2005 and 2004 , respectively . the overall segment increase of $ 1250.4 million during 2006 , as compared to 2005 was primarily attributable to the certegy merger which contributed $ 1067.2 million to the overall increase . the majority of the remaining 2006 growth is attributable to organic growth within the historically owned integrated financial solutions and international revenue channels , with international including $ 31.9 million related to the newly formed business process outsourcing operation in brazil . the overall segment increase of $ 316.4 in 2005 as compared to 2004 results from the inclusion of a full year of results for the 2004 acquisitions of aurum , sanchez , kordoba , and intercept , which contributed $ 301.1 million of the increase . cost of revenues for the transaction processing services segment totaled $ 1914.1 million , $ 904.1 million and $ 667.1 million for 2006 , 2005 and 2004 , respectively . the overall segment increase of $ 1010.0 million during 2006 as compared to 2005 was primarily attributable to the certegy merger which contributed $ 848.2 million to the increase . gross profit as a percentage of revenues ( 201cgross margin 201d ) was 22.2% ( 22.2 % ) , 25.2% ( 25.2 % ) and 25.2% ( 25.2 % ) for 2006 , 2005 and 2004 , respectively . the decrease in gross profit in 2006 as compared to 2005 is primarily due to the february 1 , 2006 certegy merger , which businesses typically have lower margins than those of the historically owned fis businesses . incremental intangible asset amortization relating to the certegy merger also contributed to the decrease in gross margin . included in cost of revenues was depreciation and amortization of $ 272.4 million , $ 139.8 million , and $ 94.6 million for 2006 , 2005 and 2004 , respectively . selling , general and administrative expenses totaled $ 171.1 million , $ 94.9 million and $ 99.6 million for 2006 , 2005 and 2004 , respectively . the increase in 2006 compared to 2005 is primarily attributable to the certegy merger which contributed $ 73.7 million to the overall increase of $ 76.2 million . the decrease of $ 4.7 million in 2005 as compared to 2004 is primarily attributable to the effect of acquisition related costs in 2004 . included in selling , general and administrative expenses was depreciation and amortization of $ 11.0 million , $ 9.1 million and $ 2.3 million for 2006 , 2005 and 2004 , respectively. .
|
string
| null |
operating_income_2005 = 123715
operating_income_2004 = 71336
change = operating_income_2005 - operating_income_2004
percent_change = change / operating_income_2004
answer = percent_change * 100
|
what is the percent of the principal payments scheduled after 2011 to the total amount
|
45.5
|
CodeFinQA
|
2022 designate subsidiaries as unrestricted subsidiaries ; and 2022 sell certain assets or merge with or into other companies . subject to certain exceptions , the indentures governing the senior subordinated notes and the senior discount notes permit the issuers of the notes and their restricted subsidiaries to incur additional indebtedness , including secured indebtedness . 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 , 2006 , the company was in compliance with all of the financial covenants related to its debt agreements . principal payments scheduled to be made on the company 2019s debt , including short term borrowings , is as follows : ( in $ millions ) .
| | Total (In $ millions) |
| :--- | :--- |
| 2007 | 309 |
| 2008 | 25 |
| 2009 | 50 |
| 2010 | 39 |
| 2011 | 1,485 |
| Thereafter(1) | 1,590 |
| Total | 3,498 |
( 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 . the company sponsors defined benefit pension plans in north america , europe and asia . as of december 31 , 2006 , the company 2019s u.s . qualified pension plan represented greater than 84% ( 84 % ) and 76% ( 76 % ) of celanese 2019s pension plan assets and liabilities , respectively . independent trusts or insurance companies administer the majority of these plans . pension costs under the company 2019s retirement plans are actuarially determined . the company sponsors various defined contribution plans in north america , europe , and asia covering certain employees . employees may contribute to these plans and the company will match these contributions in varying amounts . the company 2019s matching contribution to the defined contribution plans are based on specified percentages of employee contributions and aggregated $ 11 million , $ 12 million , $ 8 million and $ 3 million for the years ended december 31 , 2006 and 2005 , the nine months ended december 31 , 2004 and the three months ended march 31 , 2004 , respectively . celanese corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) .
|
string
| null |
principal_payments_after_2011 = 1590
principal_payments_total = 3498
percent_after_2011 = principal_payments_after_2011 / principal_payments_total
answer = percent_after_2011 * 100
|
in rentable square , what was the change between 2005 and 2004?
|
819000
|
CodeFinQA
|
properties 33vornado realty trust supermarkets , home improvement stores , discount apparel stores and membership warehouse clubs . tenants typically offer basic consumer necessities such as food , health and beauty aids , moderately priced clothing , building materials and home improvement supplies , and compete primarily on the basis of price and location . regional malls : the green acres mall in long island , new york contains 1.6 million square feet , and is anchored by four major department stores : sears , j.c . penney , federated department stores , doing business as macy 2019s and macy 2019s men 2019s furniture gallery . the complex also includes the plaza at green acres , a 175000 square foot strip shopping center which is anchored by wal-mart and national wholesale liquidators . the company plans to renovate the interior and exterior of the mall and construct 100000 square feet of free-standing retail space and parking decks in the complex , subject to governmental approvals . in addition , the company has entered into a ground lease with b.j . 2019s wholesale club who will construct its own free-standing store in the mall complex . the expansion and renovation are expected to be completed in 2007 . the monmouth mall in eatontown , new jersey , owned 50% ( 50 % ) by the company , contains 1.4 million square feet and is anchored by four department stores ; macy 2019s , lord & taylor , j.c . penney and boscovs , three of which own their stores aggregating 719000 square feet . the joint venture plans to construct 80000 square feet of free-standing retail space in the mall complex , subject to governmental approvals . the expansion is expected to be completed in 2007 . the broadway mall in hicksville , long island , new york , contains 1.2 million square feet and is anchored by macy 2019s , ikea , multiplex cinema and target , which owns its store containing 141000 square feet . the bergen mall in paramus , new jersey , as currently exists , contains 900000 square feet . the company plans to demolish approximately 300000 square feet and construct approximately 580000 square feet of retail space , which will bring the total square footage of the mall to approximately 1360000 , including 180000 square feet to be built by target on land leased from the company . as of december 31 , 2005 , the company has taken 480000 square feet out of service for redevelopment and leased 236000 square feet to century 21 and whole foods . all of the foregoing is subject to governmental approvals . the expansion and renovations , as planned , are expected to be completed in 2008 . the montehiedra mall in san juan , puerto rico , contains 563000 square feet and is anchored by home depot , kmart , and marshalls . the south hills mall in poughkeepsie , new york , contains 668000 square feet and is anchored by kmart and burlington coat factory . the company plans to redevelop and retenant the mall , subject to governmental approvals . the las catalinas mall in san juan , puerto rico , contains 495000 square feet and is anchored by kmart and sears , which owns its 140000 square foot store . occupancy and average annual base rent per square foot : at december 31 , 2005 , the aggregate occupancy rate for the 16169000 square feet of retail properties was 95.6% ( 95.6 % ) . strip shopping centers : average annual rentable base rent as of december 31 , square feet occupancy rate per square foot .
| As of December 31, | Rentable Square Feet | Occupancy Rate | Average Annual Base Rent Per Square Foot |
| :--- | :--- | :--- | :--- |
| 2005 | 10,750,000 | 95.5% | $12.07 |
| 2004 | 9,931,000 | 94.5% | 12.00 |
| 2003 | 8,798,000 | 92.3% | 11.91 |
| 2002 | 9,295,000 | 85.7% | 11.11 |
| 2001 | 9,008,000 | 89.0% | 10.60 |
.
|
string
| null |
rentable_square_2005 = 10750000
rentable_square_2004 = 9931000
change = rentable_square_2005 - rentable_square_2004
answer = change
|
what percentage of factory retail stores as of march 28 , 2009 were located in the united states?
|
83
|
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 |
stores_us = 136
stores_total = 163
percent_us = stores_us / stores_total
answer = percent_us * 100
|
what was the operating expenses in 2007 in billions
|
2.8199999332
|
CodeFinQA
|
levels during 2008 , an indication that efforts to improve network operations translated into better customer service . 2022 fuel prices 2013 crude oil prices increased at a steady rate through the first seven months of 2008 , closing at a record high of $ 145.29 a barrel in early july . as the economy worsened during the third and fourth quarters , fuel prices dropped dramatically , hitting $ 33.87 per barrel in december , a near five-year low . despite these price declines toward the end of the year , our 2008 average fuel price increased by 39% ( 39 % ) and added $ 1.1 billion of operating expenses compared to 2007 . our fuel surcharge programs helped offset the impact of higher fuel prices . in addition , we reduced our consumption rate by 4% ( 4 % ) , saving approximately 58 million gallons of fuel during the year . the use of newer , more fuel efficient locomotives ; our fuel conservation programs ; improved network operations ; and a shift in commodity mix , primarily due to growth in bulk shipments , contributed to the improvement . 2022 free cash flow 2013 cash generated by operating activities totaled a record $ 4.1 billion , yielding free cash flow of $ 825 million in 2008 . free cash flow is defined as cash provided by operating activities , less cash used in investing activities and dividends paid . free cash flow is not considered a financial measure under accounting principles generally accepted in the united states ( gaap ) by sec regulation g and item 10 of sec regulation s-k . we believe free cash flow is important in evaluating our financial performance and measures our ability to generate cash without additional external financings . free cash flow should be considered in addition to , rather than as a substitute for , cash provided by operating activities . the following table reconciles cash provided by operating activities ( gaap measure ) to free cash flow ( non-gaap measure ) : millions of dollars 2008 2007 2006 .
| <i>Millions of Dollars</i> | 2008 | 2007 | 2006 |
| :--- | :--- | :--- | :--- |
| Cash provided by operating activities | $4,070 | $3,277 | $2,880 |
| Cash used in investing activities | (2,764) | (2,426) | (2,042) |
| Dividends paid | (481) | (364) | (322) |
| Free cash flow | $825 | $487 | $516 |
2009 outlook 2022 safety 2013 operating a safe railroad benefits our employees , our customers , our shareholders , and the public . we will continue using a multi-faceted approach to safety , utilizing technology , risk assessment , quality control , and training and engaging our employees . we plan to continue implementation of total safety culture ( tsc ) throughout our operations . tsc , an employee-focused initiative that has helped improve safety , is a process designed to establish , maintain , and promote safety among co-workers . with respect to public safety , we will continue our efforts to maintain , upgrade , and close crossings , install video cameras on locomotives , and educate the public about crossing safety through various railroad and industry programs , along with other activities . 2022 transportation plan 2013 in 2009 , we will continue to evaluate traffic flows and network logistic patterns to identify additional opportunities to simplify operations and improve network efficiency and asset utilization . we plan to maintain adequate manpower and locomotives , and improve productivity using industrial engineering techniques . 2022 fuel prices 2013 on average , we expect fuel prices to decrease substantially from the average price we paid in 2008 . however , due to economic uncertainty , other global pressures , and weather incidents , fuel prices again could be volatile during the year . to reduce the impact of fuel price on earnings , we .
|
string
| null |
fuel_price_increase = 1.1
fuel_price_decrease = fuel_price_increase / 0.39
answer = fuel_price_decrease
|
what will be the amortization cost in thousands each year for the trademark?
|
310
|
CodeFinQA
|
notes to consolidated financial statements 2014 ( continued ) ucs . as of may 31 , 2009 , $ 55.0 million of the purchase price was held in escrow ( the 201cescrow account 201d ) . prior to our acquisition of ucs , the former parent company of ucs pledged the company 2019s stock as collateral for a third party loan ( 201cthe loan 201d ) that matures on september 24 , 2009 . upon repayment of this loan , the stock will be released to us and $ 35.0 million of the purchase price will be released to the seller . the remaining $ 20.0 million will remain in escrow until january 1 , 2013 , to satisfy any liabilities discovered post-closing that existed at the purchase date . the purpose of this acquisition was to establish an acquiring presence in the russian market and a foundation for other direct acquiring opportunities in central and eastern europe . the purchase price was determined by analyzing the historical and prospective financial statements and applying relevant purchase price multiples . this business acquisition was not significant to our consolidated financial statements and accordingly , we have not provided pro forma information relating to this acquisition . upon acquisition of ucs global payments assumed an indirect guarantee of the loan . in the event of a default by the third-party debtor , we would be required to transfer all of the shares of ucs to the trustee or pay the amount outstanding under the loan . at may 31 , 2009 the maximum potential amount of future payments under the guarantee was $ 44.1 million which represents the total outstanding under the loan , consisting of $ 21.8 million due and paid on june 24 , 2009 and $ 22.3 million due on september 24 , 2009 . should the third-party debtor default on the final payment , global payments would pay the total amount outstanding and seek to be reimbursed for any payments made from the $ 55 million held in the escrow account . we did not record an obligation for this guarantee because we determined that the fair value of the guarantee is de minimis . the following table summarizes the preliminary purchase price allocation ( in thousands ) : .
| Total current assets | $10,657 |
| :--- | :--- |
| Goodwill | 35,431 |
| Customer-related intangible assets | 16,500 |
| Trademark | 3,100 |
| Property and equipment | 19,132 |
| Other long-term assets | 13,101 |
| Total assets acquired | 97,921 |
| Current liabilities | (7,245) |
| Notes payable | (8,227) |
| Deferred income taxes and other long-term liabilities | (7,449) |
| Total liabilities assumed | (22,921) |
| Net assets acquired | $75,000 |
all of the goodwill associated with the acquisition is non-deductible for tax purposes . the customer-related intangible assets have amortization periods of 9 to 15 years . the trademark has an amortization period of 10 years . global payments asia-pacific philippines incorporated on september 4 , 2008 , global payments asia-pacific , limited ( 201cgpap 201d ) , the entity through which we conduct our merchant acquiring business in the asia-pacific region , indirectly acquired global payments asia- pacific philippines incorporated ( 201cgpap philippines 201d ) , a newly formed company into which hsbc asia pacific contributed its merchant acquiring business in the philippines . we own 56% ( 56 % ) of gpap and hsbc asia pacific .
|
string
| null |
trademark_value = 3100
amortization_period = 10
answer = trademark_value / amortization_period
|
what percent of the total for 2017 was due to endorsement contracts?
|
58
|
CodeFinQA
|
part ii were issued in an initial aggregate principal amount of $ 500 million at a 2.25% ( 2.25 % ) fixed , annual interest rate and will mature on may 1 , 2023 . the 2043 senior notes were issued in an initial aggregate principal amount of $ 500 million at a 3.625% ( 3.625 % ) fixed , annual interest rate and will mature on may 1 , 2043 . interest on the senior notes is payable semi-annually on may 1 and november 1 of each year . the issuance resulted in gross proceeds before expenses of $ 998 million . on november 1 , 2011 , we entered into a committed credit facility agreement with a syndicate of banks which provides for up to $ 1 billion of borrowings with the option to increase borrowings to $ 1.5 billion with lender approval . the facility matures november 1 , 2017 . as of and for the periods ended may 31 , 2015 and 2014 , we had no amounts outstanding under our committed credit facility . we currently have long-term debt ratings of aa- and a1 from standard and poor 2019s corporation and moody 2019s investor services , respectively . if our long- term debt ratings were to decline , the facility fee and interest rate under our committed credit facility would increase . conversely , if our long-term debt rating were to improve , the facility fee and interest rate would decrease . changes in our long-term debt rating would not trigger acceleration of maturity of any then-outstanding borrowings or any future borrowings under the committed credit facility . under this committed revolving credit facility , we have agreed to various covenants . these covenants include limits on our disposal of fixed assets , the amount of debt secured by liens we may incur , as well as a minimum capitalization ratio . in the event we were to have any borrowings outstanding under this facility and failed to meet any covenant , and were unable to obtain a waiver from a majority of the banks in the syndicate , any borrowings would become immediately due and payable . as of may 31 , 2015 , we were in full compliance with each of these covenants and believe it is unlikely we will fail to meet any of these covenants in the foreseeable future . liquidity is also provided by our $ 1 billion commercial paper program . during the year ended may 31 , 2015 , we did not issue commercial paper , and as of may 31 , 2015 , there were no outstanding borrowings under this program . we may issue commercial paper or other debt securities during fiscal 2016 depending on general corporate needs . we currently have short-term debt ratings of a1+ and p1 from standard and poor 2019s corporation and moody 2019s investor services , respectively . as of may 31 , 2015 , we had cash , cash equivalents and short-term investments totaling $ 5.9 billion , of which $ 4.2 billion was held by our foreign subsidiaries . included in cash and equivalents as of may 31 , 2015 was $ 968 million of cash collateral received from counterparties as a result of hedging activity . cash equivalents and short-term investments consist primarily of deposits held at major banks , money market funds , commercial paper , corporate notes , u.s . treasury obligations , u.s . government sponsored enterprise obligations and other investment grade fixed income securities . our fixed income investments are exposed to both credit and interest rate risk . all of our investments are investment grade to minimize our credit risk . while individual securities have varying durations , as of may 31 , 2015 the weighted average remaining duration of our short-term investments and cash equivalents portfolio was 79 days . to date we have not experienced difficulty accessing the credit markets or incurred higher interest costs . future volatility in the capital markets , however , may increase costs associated with issuing commercial paper or other debt instruments or affect our ability to access those markets . we believe that existing cash , cash equivalents , short-term investments and cash generated by operations , together with access to external sources of funds as described above , will be sufficient to meet our domestic and foreign capital needs in the foreseeable future . we utilize a variety of tax planning and financing strategies to manage our worldwide cash and deploy funds to locations where they are needed . we routinely repatriate a portion of our foreign earnings for which u.s . taxes have previously been provided . we also indefinitely reinvest a significant portion of our foreign earnings , and our current plans do not demonstrate a need to repatriate these earnings . should we require additional capital in the united states , we may elect to repatriate indefinitely reinvested foreign funds or raise capital in the united states through debt . if we were to repatriate indefinitely reinvested foreign funds , we would be required to accrue and pay additional u.s . taxes less applicable foreign tax credits . if we elect to raise capital in the united states through debt , we would incur additional interest expense . off-balance sheet arrangements in connection with various contracts and agreements , we routinely provide indemnification relating to the enforceability of intellectual property rights , coverage for legal issues that arise and other items where we are acting as the guarantor . currently , we have several such agreements in place . however , based on our historical experience and the estimated probability of future loss , we have determined that the fair value of such indemnification is not material to our financial position or results of operations . contractual obligations our significant long-term contractual obligations as of may 31 , 2015 and significant endorsement contracts , including related marketing commitments , entered into through the date of this report are as follows: .
| Description of Commitment | Cash Payments Due During the Year Ending May 31, |
| :--- | :--- |
| (In millions) | 2016 | 2017 | 2018 | 2019 | 2020 | Thereafter | Total |
| Operating Leases | $447 | $423 | $371 | $311 | $268 | $1,154 | $2,974 |
| Capital Leases | 2 | 2 | 1 | — | — | — | 5 |
| Long-term Debt<sup>(1)</sup> | 142 | 77 | 55 | 36 | 36 | 1,451 | 1,797 |
| Endorsement Contracts<sup>(2)</sup> | 1,009 | 919 | 882 | 706 | 533 | 2,143 | 6,192 |
| Product Purchase Obligations<sup>(3)</sup> | 3,735 | — | — | — | — | — | 3,735 |
| Other<sup>(4)</sup> | 343 | 152 | 75 | 72 | 36 | 92 | 770 |
| TOTAL | $5,678 | $1,573 | $1,384 | $1,125 | $873 | $4,840 | $15,473 |
( 1 ) the cash payments due for long-term debt include estimated interest payments . estimates of interest payments are based on outstanding principal amounts , applicable fixed interest rates or currently effective interest rates as of may 31 , 2015 ( if variable ) , timing of scheduled payments and the term of the debt obligations . ( 2 ) the amounts listed for endorsement contracts represent approximate amounts of base compensation and minimum guaranteed royalty fees we are obligated to pay athlete , sport team and league endorsers of our products . actual payments under some contracts may be higher than the amounts listed as these contracts provide for bonuses to be paid to the endorsers based upon athletic achievements and/or royalties on product sales in future periods . actual payments under some contracts may also be lower as these contracts include provisions for reduced payments if athletic performance declines in future periods . in addition to the cash payments , we are obligated to furnish our endorsers with nike product for their use . it is not possible to determine how much we will spend on this product on an annual basis as the contracts generally do not stipulate a specific amount of cash to be spent on the product . the amount of product provided to the endorsers will depend on many factors , including general playing conditions , the number of sporting events in which they participate and our own 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. .
|
string
| null |
endorsement_contracts = 919
total_contracts = 1573
percent_endorsement = endorsement_contracts / total_contracts
answer = percent_endorsement * 100
|
what is the value of the number of securities to be issued on december 312015
|
48285668
|
CodeFinQA
|
equity compensation plan information the following table presents the equity securities available for issuance under our equity compensation plans as of december 31 , 2015 . equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights ( 2 ) number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1424356 $ 33.90 4281952 equity compensation plans not approved by security holders ( 3 ) 2014 2014 2014 .
| Plan category | Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights<sup>(1)</sup> (a)(b) | Weighted-Average Exercise Price of Outstanding Options,Warrants and Rights<sup>(2)</sup> | Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding SecuritiesReflected in Column (a)) (c) |
| :--- | :--- | :--- | :--- |
| Equity compensation plans approved by security holders | 1,424,356 | $33.90 | 4,281,952 |
| Equity compensation plans not approved by security holders<sup>(3)</sup> | — | — | — |
| Total | 1,424,356 | $33.90 | 4,281,952 |
( 1 ) includes grants made under the huntington ingalls industries , inc . 2012 long-term incentive stock plan ( the "2012 plan" ) , which was approved by our stockholders on may 2 , 2012 , and the huntington ingalls industries , inc . 2011 long-term incentive stock plan ( the "2011 plan" ) , which was approved by the sole stockholder of hii prior to its spin-off from northrop grumman corporation . of these shares , 533397 were subject to stock options and 54191 were stock rights granted under the 2011 plan . in addition , this number includes 35553 stock rights , 10279 restricted stock rights , and 790936 restricted performance stock rights granted under the 2012 plan , assuming target performance achievement . ( 2 ) this is the weighted average exercise price of the 533397 outstanding stock options only . ( 3 ) there are no awards made under plans not approved by security holders . item 13 . certain relationships and related transactions , and director independence information as to certain relationships and related transactions and director independence will be incorporated herein by reference to the proxy statement for our 2016 annual meeting of stockholders , to be filed within 120 days after the end of the company 2019s fiscal year . item 14 . principal accountant fees and services information as to principal accountant fees and services will be incorporated herein by reference to the proxy statement for our 2016 annual meeting of stockholders , to be filed within 120 days after the end of the company 2019s fiscal year. .
|
string
| null |
shares_issuable = 1424356
price = 33.90
value = shares_issuable * price
answer = value
|
what was the increase in rent expense under all operating leases , including both cancelable and noncancelable leases between 2012 and 2011 , in millions?
|
150
|
CodeFinQA
|
other off-balance sheet commitments lease commitments 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 provide renewal options for terms not exceeding five additional years . 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 29 , 2012 , the company 2019s total future minimum lease payments under noncancelable operating leases were $ 4.4 billion , of which $ 3.1 billion related to leases for retail space . rent expense under all operating leases , including both cancelable and noncancelable leases , was $ 488 million , $ 338 million and $ 271 million in 2012 , 2011 and 2010 , respectively . future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 29 , 2012 , are as follows ( in millions ) : .
| 2013 | $516 |
| :--- | :--- |
| 2014 | 556 |
| 2015 | 542 |
| 2016 | 513 |
| 2017 | 486 |
| Thereafter | 1,801 |
| Total minimum lease payments | $4,414 |
other commitments as of september 29 , 2012 , the company had outstanding off-balance sheet third-party manufacturing commitments and component purchase commitments of $ 21.1 billion . in addition to the off-balance sheet commitments mentioned above , the company had outstanding obligations of $ 988 million as of september 29 , 2012 , which were comprised mainly of commitments to acquire capital assets , including product tooling and manufacturing process equipment , and commitments related to advertising , research and development , internet and telecommunications services and other obligations . contingencies the company is subject to various legal proceedings and claims that have arisen in the ordinary course of business and have not been fully adjudicated , certain of which are discussed in part i , item 3 of this form 10-k under the heading 201clegal proceedings 201d and in part i , item 1a of this form 10-k under the heading 201crisk factors . 201d in the opinion of management , there was not at least a reasonable possibility the company may have incurred a material loss , or a material loss in excess of a recorded accrual , with respect to loss contingencies . however , the outcome of litigation is inherently uncertain . therefore , although management considers the likelihood of such an outcome to be remote , if one or more of these legal matters were resolved against the company in a reporting period for amounts in excess of management 2019s expectations , the company 2019s consolidated financial statements for that reporting period could be materially adversely affected . apple inc . vs samsung electronics co. , ltd , et al . on august 24 , 2012 , a jury returned a verdict awarding the company $ 1.05 billion in its lawsuit against samsung electronics and affiliated parties in the united states district court , northern district of california , san jose division . because the award is subject to entry of final judgment and may be subject to appeal , the company has not recognized the award in its consolidated financial statements for the year ended september 29 , 2012. .
|
string
| null |
increase = 488 - 338
answer = increase
|
what was the percentage cumulative total return for e*trade financial corporation for the five years ended 12/07?
|
26.9500007629
|
CodeFinQA
|
december 18 , 2007 , we issued an additional 23182197 shares of common stock to citadel . the issuances were exempt from registration pursuant to section 4 ( 2 ) of the securities act of 1933 , and each purchaser has represented to us that it is an 201caccredited investor 201d as defined in regulation d promulgated under the securities act of 1933 , and that the common stock was being acquired for investment . we did not engage in a general solicitation or advertising with regard to the issuances of the common stock and have not offered securities to the public in connection with the issuances . see item 1 . business 2014citadel investment . performance graph the following performance graph shows the cumulative total return to a holder of the company 2019s common stock , assuming dividend reinvestment , compared with the cumulative total return , assuming dividend reinvestment , of the standard & poor 2019s ( 201cs&p 201d ) 500 and the s&p super cap diversified financials during the period from december 31 , 2002 through december 31 , 2007. .
| | 12/02 | 12/03 | 12/04 | 12/05 | 12/06 | 12/07 |
| :--- | :--- | :--- | :--- | :--- | :--- | :--- |
| E*TRADE Financial Corporation | 100.00 | 260.29 | 307.61 | 429.22 | 461.32 | 73.05 |
| S&P 500 | 100.00 | 128.68 | 142.69 | 149.70 | 173.34 | 182.87 |
| S&P Super Cap Diversified Financials | 100.00 | 139.29 | 156.28 | 170.89 | 211.13 | 176.62 |
2022 $ 100 invested on 12/31/02 in stock or index-including reinvestment of dividends . fiscal year ending december 31 . 2022 copyright a9 2008 , standard & poor 2019s , a division of the mcgraw-hill companies , inc . all rights reserved . www.researchdatagroup.com/s&p.htm .
|
string
| null |
cumulative_return = 73.05
benchmark_return = 100
percent_return = (cumulative_return - benchmark_return) / benchmark_return
answer = percent_return * 100
|
how much did net sales grow in a percentage from 2016 to 2018?
|
15
|
CodeFinQA
|
holders of grupo gondi manage the joint venture and we provide technical and commercial resources . we believe the joint venture is helping us to grow our presence in the attractive mexican market . we have included the financial results of the joint venture in our corrugated packaging segment since the date of formation . we are accounting for the investment on the equity method . on january 19 , 2016 , we completed the packaging acquisition . the entities acquired provide value-added folding carton and litho-laminated display packaging solutions . we believe the transaction has provided us with attractive and complementary customers , markets and facilities . we have included the financial results of the acquired entities in our consumer packaging segment since the date of the acquisition . on october 1 , 2015 , we completed the sp fiber acquisition . the transaction included the acquisition of mills located in dublin , ga and newberg , or , which produce lightweight recycled containerboard and kraft and bag paper . the newberg mill also produced newsprint . as part of the transaction , we also acquired sp fiber's 48% ( 48 % ) interest in green power solutions of georgia , llc ( fffdgps fffd ) , which we consolidate . gps is a joint venture providing steam to the dublin mill and electricity to georgia power . subsequent to the transaction , we announced the permanent closure of the newberg mill due to the decline in market conditions of the newsprint business and our need to balance supply and demand in our containerboard system . we have included the financial results of the acquired entities in our corrugated packaging segment since the date of the acquisition . see fffdnote 2 . mergers , acquisitions and investment fffdtt of the notes to consolidated financial statements for additional information . see also item 1a . fffdrisk factors fffd fffdwe may be unsuccessful in making and integrating mergers , acquisitions and investments and completing divestitures fffd . business .
| | Year Ended September 30, |
| :--- | :--- |
| (In millions) | 2018 | 2017 | 2016 |
| Net sales | $16,285.1 | $14,859.7 | $14,171.8 |
| Segment income | $1,685.0 | $1,193.5 | $1,226.2 |
in fiscal 2018 , we continued to pursue our strategy of offering differentiated paper and packaging solutions that help our customers win . we successfully executed this strategy in fiscal 2018 in a rapidly changing cost and price environment . net sales of $ 16285.1 million for fiscal 2018 increased $ 1425.4 million , or 9.6% ( 9.6 % ) , compared to fiscal 2017 . the increase was primarily a result of an increase in corrugated packaging segment sales , driven by higher selling price/mix and the contributions from acquisitions , and increased consumer packaging segment sales , primarily due to the contribution from acquisitions ( primarily the mps acquisition ) . these increases were partially offset by the absence of net sales from hh&b in fiscal 2018 due to the sale of hh&b in april 2017 and lower land and development segment sales compared to the prior year period due to the timing of real estate sales as we monetize the portfolio and lower merchandising display sales in the consumer packaging segment . segment income increased $ 491.5 million in fiscal 2018 compared to fiscal 2017 , primarily due to increased corrugated packaging segment income . with respect to segment income , we experienced higher levels of cost inflation during fiscal 2018 as compared to fiscal 2017 , which was partially offset by recycled fiber deflation . the primary inflationary items were freight costs , chemical costs , virgin fiber costs and wage and other costs . productivity improvements in fiscal 2018 more than offset the net impact of cost inflation . while it is difficult to predict specific inflationary items , we expect higher cost inflation to continue through fiscal 2019 . our corrugated packaging segment increased its net sales by $ 695.1 million in fiscal 2018 to $ 9103.4 million from $ 8408.3 million in fiscal 2017 . the increase in net sales was primarily due to higher corrugated selling price/mix and higher corrugated volumes ( including acquisitions ) , which were partially offset by lower net sales from recycling operations due to lower recycled fiber costs , lower sales related to the deconsolidation of a foreign joint venture in fiscal 2017 and the impact of foreign currency . north american box shipments increased 4.1% ( 4.1 % ) on a per day basis in fiscal 2018 compared to fiscal 2017 . segment income attributable to the corrugated packaging segment in fiscal 2018 increased $ 454.0 million to $ 1207.9 million compared to $ 753.9 million in fiscal 2017 . the increase was primarily due to higher selling price/mix , lower recycled fiber costs and productivity improvements which were partially offset by higher levels of cost inflation and other items , including increased depreciation and amortization . our consumer packaging segment increased its net sales by $ 838.9 million in fiscal 2018 to $ 7291.4 million from $ 6452.5 million in fiscal 2017 . the increase in net sales was primarily due to an increase in net sales from acquisitions ( primarily the mps acquisition ) and higher selling price/mix partially offset by the absence of net sales from hh&b in fiscal 2018 due to the hh&b sale in april 2017 and lower volumes . segment income attributable to .
|
string
| null |
net_sales_2018 = 16285.1
net_sales_2017 = 14171.8
percent_change = (net_sales_2018 - net_sales_2017) / net_sales_2017
answer = percent_change * 100
|
what was the percentage change in rental income from 2006 to 2007?
|
18
|
CodeFinQA
|
the pension plan investments are held in a master trust , with the northern trust company . investments in the master trust are valued at fair value , which has been determined based on fair value of the underlying investments of the master trust . investments in securities traded on public security exchanges are valued at their closing market prices on the valuation date ; where no sale was made on the valuation date , the security is generally valued at its most recent bid price . certain short-term investments are carried at cost , which approximates fair value . investments in registered investment companies and common trust funds , which primarily invest in stocks , bonds , and commodity futures , are valued using publicly available market prices for the underlying investments held by these entities . the majority of pension plan assets are invested in equity securities , because equity portfolios have historically provided higher returns than debt and other asset classes over extended time horizons , and are expected to do so in the future . correspondingly , equity investments also entail greater risks than other investments . equity risks are balanced by investing a significant portion of the plan 2019s assets in high quality debt securities . the average quality rating of the debt portfolio exceeded aa as of december 31 , 2008 and 2007 . the debt portfolio is also broadly diversified and invested primarily in u.s . treasury , mortgage , and corporate securities with an intermediate average maturity . the weighted-average maturity of the debt portfolio was 5 years at both december 31 , 2008 and 2007 , respectively . the investment of pension plan assets in securities issued by union pacific is specifically prohibited for both the equity and debt portfolios , other than through index fund holdings . other retirement programs thrift plan 2013 we provide a defined contribution plan ( thrift plan ) to eligible non-union employees and make matching contributions to the thrift plan . we match 50 cents for each dollar contributed by employees up to the first six percent of compensation contributed . our thrift plan contributions were $ 14 million in 2008 , $ 14 million in 2007 , and $ 13 million in 2006 . railroad retirement system 2013 all railroad employees are covered by the railroad retirement system ( the system ) . contributions made to the system are expensed as incurred and amounted to approximately $ 620 million in 2008 , $ 616 million in 2007 , and $ 615 million in 2006 . collective bargaining agreements 2013 under collective bargaining agreements , we provide certain postretirement healthcare and life insurance benefits for eligible union employees . premiums under the plans are expensed as incurred and amounted to $ 49 million in 2008 and $ 40 million in both 2007 and 5 . other income other income included the following for the years ended december 31 : millions of dollars 2008 2007 2006 .
| <i>Millions of Dollars</i> | 2008 | 2007 | 2006 |
| :--- | :--- | :--- | :--- |
| Rental income | $87 | $68 | $83 |
| Net gain on non-operating asset dispositions | 41 | 52 | 72 |
| Interest income | 21 | 50 | 29 |
| Sale of receivables fees | (23) | (35) | (33) |
| Non-operating environmental costs and other | (34) | (19) | (33) |
| Total | $92 | $116 | $118 |
.
|
string
| null |
rental_income_2007 = 68
rental_income_2006 = 83
change = rental_income_2007 - rental_income_2006
percent_change = change / rental_income_2006
answer = percent_change * 100
|
what was the percent of the trade to the creditors to the total payable and other current liabilities
|
57.0999984741
|
CodeFinQA
|
notes to the audited consolidated financial statements 6 . equity investments eastman has a 50 percent interest in and serves as the operating partner in primester , a joint venture which manufactures cellulose acetate at eastman's kingsport , tennessee plant . this investment is accounted for under the equity method . eastman's net investment in the joint venture at december 31 , 2007 and 2006 was approximately $ 43 million and $ 47 million , respectively , which was comprised of the recognized portion of the venture's accumulated deficits , long-term amounts owed to primester , and a line of credit from eastman to primester . such amounts are included in other noncurrent assets . eastman owns a 50 percent interest in nanjing yangzi eastman chemical ltd . ( 201cnanjing 201d ) , a company which manufactures eastotactm hydrocarbon tackifying resins for the adhesives market . this joint venture is accounted for under the equity method and is included in other noncurrent assets . at december 31 , 2007 and 2006 , the company 2019s investment in nanjing was approximately $ 7 million and $ 5 million , respectively . in october 2007 , the company entered into an agreement with green rock energy , l.l.c . ( "green rock" ) , a company formed by the d . e . shaw group and goldman , sachs & co. , to jointly develop the industrial gasification facility in beaumont , texas through tx energy , llc ( "tx energy" ) . eastman owns a 50 percent interest in tx energy , which is expected to be operational in 2011 and will produce intermediate chemicals , such as hydrogen , methanol , and ammonia from petroleum coke . this joint venture in the development stage is accounted for under the equity method , and is included in other noncurrent assets . at december 31 , 2007 , the company 2019s investment in tx energy was approximately $ 26 million . eastman also plans to participate in a project sponsored by faustina hydrogen products , l.l.c . which will use petroleum coke as the primary feedstock to make anhydrous ammonia and methanol . faustina hydrogen products is primarily owned by green rock . the company intends to take a 25 percent or greater equity position in the project , provide operations , maintenance , and other site management services , and purchase methanol under a long-term contract . capital costs for the facility are estimated to be approximately $ 1.6 billion . project financing is expected to be obtained by the end of 2008 . the facility will be built in st . james parish , louisiana and is expected to be complete by 2011 . on april 21 , 2005 , the company completed the sale of its equity investment in genencor international , inc . ( "genencor" ) for cash proceeds of approximately $ 417 million , net of $ 2 million in fees . the book value of the investment prior to sale was $ 246 million , and the company recorded a pre-tax gain on the sale of $ 171 million . 7 . payables and other current liabilities december 31 , ( dollars in millions ) 2007 2006 .
| (Dollars in millions) | December 31, 2007 | 2006 |
| :--- | :--- | :--- |
| Trade creditors | $578 | $581 |
| Accrued payrolls, vacation, and variable-incentive compensation | 138 | 126 |
| Accrued taxes | 36 | 59 |
| Post-employment obligations | 60 | 63 |
| Interest payable | 31 | 31 |
| Bank overdrafts | 6 | 11 |
| Other | 164 | 185 |
| Total payables and other current liabilities | $1,013 | $1,056 |
the current portion of post-employment obligations is an estimate of current year payments in excess of plan assets. .
|
string
| null |
creditors_to_total_liabilities = 578
total_liabilities = 1013
percent_trade_to_creditors = creditors_to_total_liabilities / total_liabilities
answer = percent_trade_to_creditors * 100
|
what was the change in the net sales from 2007 to 2008
|
431
|
CodeFinQA
|
the following unaudited pro forma information for the years ended december 31 , 2008 and 2007 pres- ents the results of operations of international paper as if the cbpr and central lewmar acquisitions , and the luiz antonio asset exchange , had occurred on january 1 , 2007 . this pro forma information does not purport to represent international paper 2019s actual results of operations if the transactions described above would have occurred on january 1 , 2007 , nor is it necessarily indicative of future results . in millions , except per share amounts 2008 2007 .
| <i>In millions, except per share amounts</i> | 2008 | 2007 |
| :--- | :--- | :--- |
| Net sales | $27,920 | $27,489 |
| Earnings (loss) from continuingoperations | (1,348) | 1,083 |
| Net earnings (loss) (1) | (1,361) | 1,052 |
| Earnings (loss) from continuingoperations per common share | (3.20) | 2.50 |
| Net earnings (loss) per common share<sup>(1)</sup> | (3.23) | 2.43 |
earnings ( loss ) from continuing operations per common share ( 3.20 ) 2.50 net earnings ( loss ) per common share ( 1 ) ( 3.23 ) 2.43 ( 1 ) attributable to international paper company common share- holders . joint ventures in october 2007 , international paper and ilim holding s.a . announced the completion of the formation of a 50:50 joint venture to operate in russia as ilim group . to form the joint venture , international paper purchased 50% ( 50 % ) of ilim holding s.a . ( ilim ) for approx- imately $ 620 million , including $ 545 million in cash and $ 75 million of notes payable , and contributed an additional $ 21 million in 2008 . the company 2019s investment in ilim totaled approximately $ 465 mil- lion at december 31 , 2009 , which is approximately $ 190 million higher than the company 2019s share of the underlying net assets of ilim . this basis difference primarily consists of the estimated fair value write-up of ilim plant , property and equipment of $ 150 million that is being amortized as a reduction of reported net income over the estimated remaining useful lives of the related assets , goodwill of $ 90 million and other basis differences of $ 50 million , including deferred taxes . a key element of the proposed joint venture strategy is a long-term investment program in which the joint venture will invest , through cash from operations and additional borrowings by the joint venture , approximately $ 1.5 billion in ilim 2019s three mills over approximately five years . this planned investment in the russian pulp and paper industry will be used to upgrade equipment , increase production capacity and allow for new high-value uncoated paper , pulp and corrugated packaging product development . this capital expansion strategy is expected to be ini- tiated in the second half of 2010 , subject to ilim obtaining financing sufficient to fund the project . note 7 businesses held for sale , divestitures and impairments discontinued operations 2008 : during the fourth quarter of 2008 , the com- pany recorded pre-tax gains of $ 9 million ( $ 5 million after taxes ) for adjustments to reserves associated with the sale of discontinued operations . during the first quarter of 2008 , the company recorded a pre-tax charge of $ 25 million ( $ 16 million after taxes ) related to the final settlement of a post- closing adjustment to the purchase price received by the company for the sale of its beverage packaging business , and a $ 3 million charge before taxes ( $ 2 million after taxes ) for 2008 operating losses related to certain wood products facilities . 2007 : during the fourth quarter of 2007 , the com- pany recorded a pre-tax charge of $ 9 million ( $ 6 mil- lion after taxes ) and a pre-tax credit of $ 4 million ( $ 3 million after taxes ) relating to adjustments to esti- mated losses on the sales of its beverage packaging and wood products businesses , respectively . addi- tionally , during the fourth quarter , a $ 4 million pre-tax charge ( $ 3 million after taxes ) was recorded for additional taxes associated with the sale of the company 2019s former weldwood of canada limited business . during the third quarter of 2007 , the company com- pleted the sale of the remainder of its non-u.s . beverage packaging business . during the second quarter of 2007 , the company recorded pre-tax charges of $ 6 million ( $ 4 million after taxes ) and $ 5 million ( $ 3 million after taxes ) relating to adjustments to estimated losses on the sales of its wood products and beverage packaging businesses , respectively . during the first quarter of 2007 , the company recorded pre-tax credits of $ 21 million ( $ 9 million after taxes ) and $ 6 million ( $ 4 million after taxes ) relating to the sales of its wood products and kraft papers businesses , respectively . in addition , a $ 15 million pre-tax charge ( $ 39 million after taxes ) was recorded for adjustments to the loss on the com- pletion of the sale of most of the beverage packaging business . finally , a pre-tax credit of approximately $ 10 million ( $ 6 million after taxes ) was recorded for refunds received from the canadian government of .
|
string
| null |
net_sales_increase = 27920 - 27489
answer = net_sales_increase
|
what percentage of total shares purchased where purchased in november?
|
21
|
CodeFinQA
|
five-year performance comparison 2013 the following graph provides an indicator of cumulative total shareholder returns for the corporation as compared to the peer group index ( described above ) , the dj trans , and the s&p 500 . the graph assumes that $ 100 was invested in the common stock of union pacific corporation and each index on december 31 , 2008 and that all dividends were reinvested . the information below is historical in nature and is not necessarily indicative of future performance . purchases of equity securities 2013 during 2013 , we repurchased 14996957 shares of our common stock at an average price of $ 152.14 . the following table presents common stock repurchases during each month for the fourth quarter of 2013 : period total number of shares purchased [a] average price paid per share total number of shares purchased as part of a publicly announced plan or program [b] maximum number of shares that may yet be purchased under the plan or program [b] .
| <i>Period</i> | <i>Total Number ofSharesPurchased [a]</i> | <i>AveragePrice PaidPer Share</i> | <i>Total Number of SharesPurchased as Part ofaPublicly Announced Planor Program [b]</i> | <i>Maximum Number ofShares That May YetBe Purchased Under the Planor Program [b]</i> |
| :--- | :--- | :--- | :--- | :--- |
| Oct. 1 through Oct. 31 | 1,405,535 | 153.18 | 1,405,535 | 4,020,650 |
| Nov. 1 through Nov. 30 | 1,027,840 | 158.66 | 1,025,000 | 2,995,650 |
| Dec. 1 through Dec. 31 | 2,500,944 | 163.14 | 2,498,520 | 497,130 |
| Total | 4,934,319 | $159.37 | 4,929,055 | N/A |
[a] total number of shares purchased during the quarter includes approximately 5264 shares delivered or attested to upc by employees to pay stock option exercise prices , satisfy excess tax withholding obligations for stock option exercises or vesting of retention units , and pay withholding obligations for vesting of retention shares . [b] on april 1 , 2011 , our board of directors authorized the repurchase of up to 40 million shares of our common stock by march 31 , 2014 . these repurchases may be made on the open market or through other transactions . our management has sole discretion with respect to determining the timing and amount of these transactions . on november 21 , 2013 , the board of directors approved the early renewal of the share repurchase program , authorizing the repurchase of 60 million common shares by december 31 , 2017 . the new authorization is effective january 1 , 2014 , and replaces the previous authorization , which expired on december 31 , 2013 , three months earlier than its original expiration date. .
|
string
| null |
shares_repurchased = 1027840
shares_total = 4934319
percent_november = shares_repurchased / shares_total
answer = percent_november * 100
|
what was the ratio of the fair value of international paper completed preliminary analysis of the acquisition date fair value of the borrowings in 2015 compared to 2014
|
0.9100000262
|
CodeFinQA
|
( c ) the cash payments are interest payments on the associated debt obligations discussed above . after formation of the 2015 financing entities , the payments represent interest paid on nonrecourse financial liabilities of special purpose entities . in connection with the acquisition of temple-inland in february 2012 , two special purpose entities became wholly-owned subsidiaries of international paper . the use of the two wholly-owned special purpose entities discussed below preserved the tax deferral that resulted from the 2007 temple-inland timberlands sales . the company recognized an $ 840 million deferred tax liability in connection with the 2007 sales , which will be settled with the maturity of the notes in in october 2007 , temple-inland sold 1.55 million acres of timberland for $ 2.38 billion . the total consideration consisted almost entirely of notes due in 2027 issued by the buyer of the timberland , which temple-inland contributed to two wholly-owned , bankruptcy-remote special purpose entities . the notes are shown in financial assets of special purpose entities in the accompanying consolidated balance sheet and are supported by $ 2.38 billion of irrevocable letters of credit issued by three banks , which are required to maintain minimum credit ratings on their long-term debt . in the third quarter of 2012 , international paper completed its preliminary analysis of the acquisition date fair value of the notes and determined it to be $ 2.09 billion . as of december 31 , 2015 and 2014 , the fair value of the notes was $ 2.10 billion and $ 2.27 billion , respectively . these notes are classified as level 2 within the fair value hierarchy , which is further defined in note 14 . in december 2007 , temple-inland's two wholly-owned special purpose entities borrowed $ 2.14 billion shown in nonrecourse financial liabilities of special purpose entities . the loans are repayable in 2027 and are secured only by the $ 2.38 billion of notes and the irrevocable letters of credit securing the notes and are nonrecourse to us . the loan agreements provide that if a credit rating of any of the banks issuing the letters of credit is downgraded below the specified threshold , the letters of credit issued by that bank must be replaced within 30 days with letters of credit from another qualifying financial institution . in the third quarter of 2012 , international paper completed its preliminary analysis of the acquisition date fair value of the borrowings and determined it to be $ 2.03 billion . as of december 31 , 2015 and 2014 , the fair value of this debt was $ 1.97 billion and $ 2.16 billion , respectively . this debt is classified as level 2 within the fair value hierarchy , which is further defined in note 14 . activity between the company and the 2007 financing entities was as follows: .
| In millions | 2015 | 2014 | 2013 |
| :--- | :--- | :--- | :--- |
| Revenue (a) | $27 | $26 | $27 |
| Expense (b) | 27 | 25 | 29 |
| Cash receipts (c) | 7 | 7 | 8 |
| Cash payments (d) | 18 | 18 | 21 |
( a ) the revenue is included in interest expense , net in the accompanying consolidated statement of operations and includes approximately $ 19 million , $ 19 million and $ 19 million for the years ended december 31 , 2015 , 2014 and 2013 , respectively , of accretion income for the amortization of the purchase accounting adjustment on the financial assets of special purpose entities . ( b ) the expense is included in interest expense , net in the accompanying consolidated statement of operations and includes approximately $ 7 million , $ 7 million and $ 7 million for the years ended december 31 , 2015 , 2014 and 2013 , respectively , of accretion expense for the amortization of the purchase accounting adjustment on the nonrecourse financial liabilities of special purpose entities . ( c ) the cash receipts are interest received on the financial assets of special purpose entities . ( d ) the cash payments are interest paid on nonrecourse financial liabilities of special purpose entities . note 13 debt and lines of credit in 2015 , international paper issued $ 700 million of 3.80% ( 3.80 % ) senior unsecured notes with a maturity date in 2026 , $ 600 million of 5.00% ( 5.00 % ) senior unsecured notes with a maturity date in 2035 , and $ 700 million of 5.15% ( 5.15 % ) senior unsecured notes with a maturity date in 2046 . the proceeds from this borrowing were used to repay approximately $ 1.0 billion of notes with interest rates ranging from 4.75% ( 4.75 % ) to 9.38% ( 9.38 % ) and original maturities from 2018 to 2022 , along with $ 211 million of cash premiums associated with the debt repayments . additionally , the proceeds from this borrowing were used to make a $ 750 million voluntary cash contribution to the company's pension plan . pre-tax early debt retirement costs of $ 207 million related to the debt repayments , including the $ 211 million of cash premiums , are included in restructuring and other charges in the accompanying consolidated statement of operations for the twelve months ended december 31 , 2015 . during the second quarter of 2014 , international paper issued $ 800 million of 3.65% ( 3.65 % ) senior unsecured notes with a maturity date in 2024 and $ 800 million of 4.80% ( 4.80 % ) senior unsecured notes with a maturity date in 2044 . the proceeds from this borrowing were used to repay approximately $ 960 million of notes with interest rates ranging from 7.95% ( 7.95 % ) to 9.38% ( 9.38 % ) and original maturities from 2018 to 2019 . pre-tax early debt retirement costs of $ 262 million related to these debt repayments , including $ 258 million of cash premiums , are included in restructuring and other charges in the accompanying consolidated statement of operations for the twelve months ended december 31 , 2014. .
|
string
| null |
fair_value_ratio = 1.97 / 2.16
answer = fair_value_ratio
|
what is the percentage of electrical/electronic architecture sites among all sites?
|
73.0100021362
|
CodeFinQA
|
table of contents item 1b . unresolved staff comments we have no unresolved sec staff comments to report . item 2 . properties as of december 31 , 2015 , we owned or leased 126 major manufacturing sites and 14 major technical centers . a manufacturing site may include multiple plants and may be wholly or partially owned or leased . we also have many smaller manufacturing sites , sales offices , warehouses , engineering centers , joint ventures and other investments strategically located throughout the world . we have a presence in 44 countries . the following table shows the regional distribution of our major manufacturing sites by the operating segment that uses such facilities : north america europe , middle east & africa asia pacific south america total .
| | North America | Europe,Middle East& Africa | Asia Pacific | South America | Total |
| :--- | :--- | :--- | :--- | :--- | :--- |
| Electrical/Electronic Architecture | 30 | 32 | 25 | 5 | 92 |
| Powertrain Systems | 4 | 10 | 5 | 2 | 21 |
| Electronics and Safety | 3 | 7 | 3 | — | 13 |
| Total | 37 | 49 | 33 | 7 | 126 |
in addition to these manufacturing sites , we had 14 major technical centers : four in north america ; five in europe , middle east and africa ; four in asia pacific ; and one in south america . of our 126 major manufacturing sites and 14 major technical centers , which include facilities owned or leased by our consolidated subsidiaries , 77 are primarily owned and 63 are primarily leased . we frequently review our real estate portfolio and develop footprint strategies to support our customers 2019 global plans , while at the same time supporting our technical needs and controlling operating expenses . we believe our evolving portfolio will meet current and anticipated future needs . item 3 . legal proceedings we are from time to time subject to various actions , claims , suits , government investigations , and other proceedings incidental to our business , including those arising out of alleged defects , breach of contracts , competition and antitrust matters , product warranties , intellectual property matters , personal injury claims and employment-related matters . it is our opinion that the outcome of such matters will not have a material adverse impact on our consolidated financial position , results of operations , or cash flows . with respect to warranty matters , although we cannot ensure that the future costs of warranty claims by customers will not be material , we believe our established reserves are adequate to cover potential warranty settlements . however , the final amounts required to resolve these matters could differ materially from our recorded estimates . gm ignition switch recall in the first quarter of 2014 , gm , delphi 2019s largest customer , initiated a product recall related to ignition switches . delphi received requests for information from , and cooperated with , various government agencies related to this ignition switch recall . in addition , delphi was initially named as a co-defendant along with gm ( and in certain cases other parties ) in class action and product liability lawsuits related to this matter . as of december 31 , 2015 , delphi was not named as a defendant in any class action complaints . although no assurances can be made as to the ultimate outcome of these or any other future claims , delphi does not believe a loss is probable and , accordingly , no reserve has been made as of december 31 , 2015 . unsecured creditors litigation the fourth amended and restated limited liability partnership agreement of delphi automotive llp ( the 201cfourth llp agreement 201d ) was entered into on july 12 , 2011 by the members of delphi automotive llp in order to position the company for its initial public offering . under the terms of the fourth llp agreement , if cumulative distributions to the members of delphi automotive llp under certain provisions of the fourth llp agreement exceed $ 7.2 billion , delphi , as disbursing agent on behalf of dphh , is required to pay to the holders of allowed general unsecured claims against dphh $ 32.50 for every $ 67.50 in excess of $ 7.2 billion distributed to the members , up to a maximum amount of $ 300 million . in december 2014 , a complaint was filed in the bankruptcy court alleging that the redemption by delphi automotive llp of the membership interests of gm and the pbgc , and the repurchase of shares and payment of dividends by delphi automotive plc , constituted distributions under the terms of the fourth llp agreement approximating $ 7.2 billion . delphi considers cumulative .
|
string
| null |
electrical_sites = 92
total_sites = 126
percent_electrical = electrical_sites / total_sites
answer = percent_electrical * 100
|
what was the biggest decline , in percentage , from 2007-2008 , among the four groups?
|
68.5500030518
|
CodeFinQA
|
table of contents the following performance graph is not 201csoliciting material , 201d is not deemed filed with the sec , and is not to be incorporated by reference into any of valero 2019s filings under the securities act of 1933 or the securities exchange act of 1934 , as amended , respectively . this performance graph and the related textual information are based on historical data and are not indicative of future performance . the following line graph compares the cumulative total return 1 on an investment in our common stock against the cumulative total return of the s&p 500 composite index and an index of peer companies ( that we selected ) for the five-year period commencing december 31 , 2007 and ending december 31 , 2012 . our peer group consists of the following ten companies : alon usa energy , inc. ; bp plc ( bp ) ; cvr energy , inc. ; hess corporation ; hollyfrontier corporation ; marathon petroleum corporation ; phillips 66 ( psx ) ; royal dutch shell plc ( rds ) ; tesoro corporation ; and western refining , inc . our peer group previously included chevron corporation ( cvx ) and exxon mobil corporation ( xom ) but they were replaced with bp , psx , and rds . in 2012 , psx became an independent downstream energy company and was added to our peer group . cvx and xom were replaced with bp and rds as they were viewed as having operations that more closely aligned with our core businesses . comparison of 5 year cumulative total return1 among valero energy corporation , the s&p 500 index , old peer group , and new peer group .
| | 12/2007 | 12/2008 | 12/2009 | 12/2010 | 12/2011 | 12/2012 |
| :--- | :--- | :--- | :--- | :--- | :--- | :--- |
| Valero Common Stock | $100.00 | $31.45 | $25.09 | $35.01 | $32.26 | $53.61 |
| S&P 500 | 100.00 | 63.00 | 79.67 | 91.67 | 93.61 | 108.59 |
| Old Peer Group | 100.00 | 80.98 | 76.54 | 88.41 | 104.33 | 111.11 |
| New Peer Group | 100.00 | 66.27 | 86.87 | 72.84 | 74.70 | 76.89 |
____________ 1 assumes that an investment in valero common stock and each index was $ 100 on december 31 , 2007 . 201ccumulative total return 201d is based on share price appreciation plus reinvestment of dividends from december 31 , 2007 through december 31 , 2012. .
|
string
| null |
valero_2007 = 100
valero_2008 = 31.45
change_valero = valero_2007 - valero_2008
percent_change_valero = change_valero / valero_2007
answer_valero = percent_change_valero * 100
|
what percent of the leases was paid off in 2016?
|
36.5999984741
|
CodeFinQA
|
analog devices , inc . notes to consolidated financial statements 2014 ( continued ) the following is a schedule of future minimum rental payments required under long-term operating leases at october 31 , operating fiscal years leases .
| Fiscal Years | Operating Leases |
| :--- | :--- |
| 2016 | $21,780 |
| 2017 | 16,305 |
| 2018 | 8,670 |
| 2019 | 4,172 |
| 2020 | 3,298 |
| Later Years | 5,263 |
| Total | $59,488 |
12 . commitments and contingencies from time to time , in the ordinary course of the company 2019s business , various claims , charges and litigation are asserted or commenced against the company arising from , or related to , contractual matters , patents , trademarks , personal injury , environmental matters , product liability , insurance coverage and personnel and employment disputes . as to such claims and litigation , the company can give no assurance that it will prevail . the company does not believe that any current legal matters will have a material adverse effect on the company 2019s financial position , results of operations or cash flows . 13 . retirement plans the company and its subsidiaries have various savings and retirement plans covering substantially all employees . the company maintains a defined contribution plan for the benefit of its eligible u.s . employees . this plan provides for company contributions of up to 5% ( 5 % ) of each participant 2019s total eligible compensation . in addition , the company contributes an amount equal to each participant 2019s pre-tax contribution , if any , up to a maximum of 3% ( 3 % ) of each participant 2019s total eligible compensation . the total expense related to the defined contribution plan for u.s . employees was $ 26.3 million in fiscal 2015 , $ 24.1 million in fiscal 2014 and $ 23.1 million in fiscal 2013 . the company also has various defined benefit pension and other retirement plans for certain non-u.s . employees that are consistent with local statutory requirements and practices . the total expense related to the various defined benefit pension and other retirement plans for certain non-u.s . employees , excluding settlement charges related to the company's irish defined benefit plan , was $ 33.3 million in fiscal 2015 , $ 29.8 million in fiscal 2014 and $ 26.5 million in fiscal 2013 . non-u.s . plan disclosures during fiscal 2015 , the company converted the benefits provided to participants in the company 2019s irish defined benefits pension plan ( the db plan ) to benefits provided under the company 2019s irish defined contribution plan . as a result , in fiscal 2015 the company recorded expenses of $ 223.7 million , including settlement charges , legal , accounting and other professional fees to settle the pension obligation . the assets related to the db plan were liquidated and used to purchase annuities for retirees and distributed to active and deferred members' accounts in the company's irish defined contribution plan in connection with the plan conversion . accordingly , plan assets for the db plan were zero as of the end of fiscal 2015 . the company 2019s funding policy for its foreign defined benefit pension plans is consistent with the local requirements of each country . the plans 2019 assets consist primarily of u.s . and non-u.s . equity securities , bonds , property and cash . the benefit obligations and related assets under these plans have been measured at october 31 , 2015 and november 1 , 2014 . components of net periodic benefit cost net annual periodic pension cost of non-u.s . plans is presented in the following table: .
|
string
| null |
lease_payments_2016 = 21780
lease_payments_total = 59488
percent_lease_payments_2016 = lease_payments_2016 / lease_payments_total
answer = percent_lease_payments_2016 * 100
|
what is the percentage change in the balance of level 3 investments assets from 2007 to 2008?
|
34.4000015259
|
CodeFinQA
|
a wholly-owned subsidiary of the company is a registered life insurance company that maintains separate account assets , representing segregated funds held for purposes of funding individual and group pension contracts , and equal and offsetting separate account liabilities . at decem - ber 31 , 2008 and 2007 , the level 3 separate account assets were approximately $ 4 and $ 12 , respectively . the changes in level 3 assets primarily relate to purchases , sales and gains/ ( losses ) . the net investment income and net gains and losses attributable to separate account assets accrue directly to the contract owner and are not reported as non-operating income ( expense ) on the consolidated statements of income . level 3 assets , which includes equity method investments or consolidated investments of real estate funds , private equity funds and funds of private equity funds are valued based upon valuations received from internal as well as third party fund managers . fair valuations at the underlying funds are based on a combination of methods which may include third-party independent appraisals and discounted cash flow techniques . direct investments in private equity companies held by funds of private equity funds are valued based on an assessment of each under - lying investment , incorporating evaluation of additional significant third party financing , changes in valuations of comparable peer companies and the business environment of the companies , among other factors . see note 2 for further detail on the fair value policies by the underlying funds . changes in level 3 assets measured at fair value on a recurring basis for the year ended december 31 , 2008 .
| | Investments | Other Assets |
| :--- | :--- | :--- |
| December 31, 2007 | $1,240 | $— |
| Realized and unrealized gains / (losses), net | (409) | (16) |
| Purchases, sales, other settlements and issuances, net | 11 | 2 |
| Net transfers in and/or out of Level 3 | (29) | 78 |
| December 31, 2008 | $813 | $64 |
| Total net (losses) for the period included in earnings attributable to the change in unrealized gains or (losses) relating to assets stillheld at the reporting date | $(366) | $(17) |
total net ( losses ) for the period included in earnings attributable to the change in unrealized gains or ( losses ) relating to assets still held at the reporting date $ ( 366 ) $ ( 17 ) realized and unrealized gains and losses recorded for level 3 assets are reported in non-operating income ( expense ) on the consolidated statements of income . non-controlling interest expense is recorded for consoli- dated investments to reflect the portion of gains and losses not attributable to the company . the company transfers assets in and/or out of level 3 as significant inputs , including performance attributes , used for the fair value measurement become observable . 6 . variable interest entities in the normal course of business , the company is the manager of various types of sponsored investment vehicles , including collateralized debt obligations and sponsored investment funds , that may be considered vies . the company receives management fees or other incen- tive related fees for its services and may from time to time own equity or debt securities or enter into derivatives with the vehicles , each of which are considered variable inter- ests . the company engages in these variable interests principally to address client needs through the launch of such investment vehicles . the vies are primarily financed via capital contributed by equity and debt holders . the company 2019s involvement in financing the operations of the vies is limited to its equity interests , unfunded capital commitments for certain sponsored investment funds and its capital support agreements for two enhanced cash funds . the primary beneficiary of a vie is the party that absorbs a majority of the entity 2019s expected losses , receives a major - ity of the entity 2019s expected residual returns or both as a result of holding variable interests . in order to determine whether the company is the primary beneficiary of a vie , management must make significant estimates and assumptions of probable future cash flows and assign probabilities to different cash flow scenarios . assumptions made in such analyses include , but are not limited to , market prices of securities , market interest rates , poten- tial credit defaults on individual securities or default rates on a portfolio of securities , gain realization , liquidity or marketability of certain securities , discount rates and the probability of certain other outcomes . vies in which blackrock is the primary beneficiary at december 31 , 2008 , the company was the primary beneficiary of three vies , which resulted in consolidation of three sponsored investment funds ( including two cash management funds and one private equity fund of funds ) . creditors of the vies do not have recourse to the credit of the company . during 2008 , the company determined it became the primary beneficiary of two enhanced cash management funds as a result of concluding that under various cash 177528_txt_59_96:layout 1 3/26/09 10:32 pm page 73 .
|
string
| null |
level_3_assets_2008 = 813
level_3_assets_2007 = 1240
change = level_3_assets_2008 - level_3_assets_2007
percent_change = change / level_3_assets_2007
answer = percent_change * 100
|
what portion of the total ishares managed by blackrock is composed of fixed income assets as of december 31 , 2013?
|
19.6000003815
|
CodeFinQA
|
the second largest closed-end fund manager and a top- ten manager by aum and 2013 net flows of long-term open-end mutual funds1 . in 2013 , we were also the leading manager by net flows for long-dated fixed income mutual funds1 . 2022 we have fully integrated our legacy retail and ishares retail distribution teams to create a unified client-facing presence . as retail clients increasingly use blackrock 2019s capabilities in combination 2014 active , alternative and passive 2014 it is a strategic priority for blackrock to coherently deliver these capabilities through one integrated team . 2022 international retail long-term net inflows of $ 17.5 billion , representing 15% ( 15 % ) organic growth , were positive across major regions and diversified across asset classes . equity net inflows of $ 6.4 billion were driven by strong demand for our top-performing european equities franchise as investor risk appetite for the sector improved . multi-asset class and fixed income products each generated net inflows of $ 4.8 billion , as investors looked to manage duration and volatility in their portfolios . in 2013 , we were ranked as the third largest cross border fund provider2 . in the united kingdom , we ranked among the five largest fund managers2 . ishares .
| | Component Changes in AUM — iShares |
| :--- | :--- |
| <i>(in millions)</i> | 12/31/2012 | Net New Business | Acquisition<sup>(1)</sup> | Market / FX | 12/31/2013 |
| Equity | $534,648 | $74,119 | $13,021 | $96,347 | $718,135 |
| Fixed income | 192,852 | (7,450) | 1,294 | (7,861) | 178,835 |
| Multi-asset class | 869 | 355 | — | 86 | 1,310 |
| Alternatives<sup>(2)</sup> | 24,337 | (3,053) | 1,645 | (6,837) | 16,092 |
| Total <i>iShares</i> | $752,706 | $63,971 | $15,960 | $81,735 | $914,372 |
alternatives ( 2 ) 24337 ( 3053 ) 1645 ( 6837 ) 16092 total ishares $ 752706 $ 63971 $ 15960 $ 81735 $ 914372 ( 1 ) amounts represent $ 16.0 billion of aum acquired in the credit suisse etf acquisition in july 2013 . ( 2 ) amounts include commodity ishares . ishares is the leading etf provider in the world , with $ 914.4 billion of aum at december 31 , 2013 , and was the top asset gatherer globally in 20133 with $ 64.0 billion of net inflows for an organic growth rate of 8% ( 8 % ) . equity net inflows of $ 74.1 billion were driven by flows into funds with broad developed market exposures , partially offset by outflows from emerging markets products . ishares fixed income experienced net outflows of $ 7.5 billion , as the continued low interest rate environment led many liquidity-oriented investors to sell long-duration assets , which made up the majority of the ishares fixed income suite . in 2013 , we launched several funds to meet demand from clients seeking protection in a rising interest rate environment by offering an expanded product set that includes four new u.s . funds , including short-duration versions of our flagship high yield and investment grade credit products , and short maturity and liquidity income funds . ishares alternatives had $ 3.1 billion of net outflows predominantly out of commodities . ishares represented 23% ( 23 % ) of long-term aum at december 31 , 2013 and 35% ( 35 % ) of long-term base fees for ishares offers the most diverse product set in the industry with 703 etfs at year-end 2013 , and serves the broadest client base , covering more than 25 countries on five continents . during 2013 , ishares continued its dual commitment to innovation and responsible product structuring by introducing 42 new etfs , acquiring credit suisse 2019s 58 etfs in europe and entering into a critical new strategic alliance with fidelity investments to deliver fidelity 2019s more than 10 million clients increased access to ishares products , tools and support . our alliance with fidelity investments and a successful full first year for the core series have deeply expanded our presence and offerings among buy-and-hold investors . our broad product range offers investors a precise , transparent and low-cost way to tap market returns and gain access to a full range of asset classes and global markets that have been difficult or expensive for many investors to access until now , as well as the liquidity required to make adjustments to their exposures quickly and cost-efficiently . 2022 u.s . ishares aum ended at $ 655.6 billion with $ 41.4 billion of net inflows driven by strong demand for developed markets equities and short-duration fixed income . during the fourth quarter of 2012 , we debuted the core series in the united states , designed to provide the essential building blocks for buy-and-hold investors to use in constructing the core of their portfolio . the core series demonstrated solid results in its first full year , raising $ 20.0 billion in net inflows , primarily in u.s . equities . in the united states , ishares maintained its position as the largest etf provider , with 39% ( 39 % ) share of aum3 . 2022 international ishares aum ended at $ 258.8 billion with robust net new business of $ 22.6 billion led by demand for european and japanese equities , as well as a diverse range of fixed income products . at year-end 2013 , ishares was the largest european etf provider with 48% ( 48 % ) of aum3 . 1 simfund 2 lipper feri 3 blackrock ; bloomberg .
|
string
| null |
fixed_income_value = 178835
total_value = 914372
percent_fixed_income = fixed_income_value / total_value
answer = percent_fixed_income * 100
|
what is the average of future expenditures , in thousands , from 2017-2021?
|
7483
|
CodeFinQA
|
table of contents 17 . unconditional purchase obligations the company has entered into various unconditional purchase obligations which primarily include software licenses and long- term purchase contracts for network , communication and office maintenance services . the company expended $ 7.2 million , $ 5.3 million and $ 2.9 million related to unconditional purchase obligations that existed as of the beginning of each year for the years ended december 31 , 2016 , 2015 and 2014 , respectively . future expenditures under unconditional purchase obligations in effect as of december 31 , 2016 are as follows : ( in thousands ) .
| 2017 | $14,134 |
| :--- | :--- |
| 2018 | 10,288 |
| 2019 | 9,724 |
| 2020 | 2,617 |
| 2021 | 652 |
| Total | $37,415 |
18 . restructuring during the fourth quarter of 2016 , the company initiated workforce realignment activities . the company incurred $ 3.4 million in restructuring charges , or $ 2.4 million net of tax , during the year ended december 31 , 2016 . the company expects to incur additional charges of $ 10 million - $ 15 million , or $ 7 million - $ 10 million net of tax , primarily during the first quarter of 2017 . 19 . employment-related settlement on february 15 , 2017 , the company entered into an employment-related settlement agreement . in connection with the settlement agreement , the company will make a lump-sum payment of $ 4.7 million . the charges related to this agreement are included in selling , general and administrative expense in the 2016 consolidated statement of income . as part of the settlement agreement , all the claims initiated against the company will be withdrawn and a general release of all claims in favor of the company and all of its related entities was executed . 20 . contingencies and commitments the company is subject to various investigations , claims and legal proceedings that arise in the ordinary course of business , including commercial disputes , labor and employment matters , tax audits , alleged infringement of intellectual property rights and other matters . in the opinion of the company , the resolution of pending matters is not expected to have a material adverse effect on the company's consolidated results of operations , cash flows or financial position . however , each of these matters is subject to various uncertainties and it is possible that an unfavorable resolution of one or more of these proceedings could materially affect the company's results of operations , cash flows or financial position . an indian subsidiary of the company has several service tax audits pending that have resulted in formal inquiries being received on transactions through mid-2012 . the company could incur tax charges and related liabilities , including those related to the service tax audit case , of approximately $ 7 million . the service tax issues raised in the company 2019s notices and inquiries are very similar to the case , m/s microsoft corporation ( i ) ( p ) ltd . vs commissioner of service tax , new delhi , wherein the delhi customs , excise and service tax appellate tribunal ( cestat ) has passed a favorable ruling to microsoft . the company can provide no assurances on whether the microsoft case 2019s favorable ruling will be challenged in higher courts or on the impact that the present microsoft case 2019s decision will have on the company 2019s cases . the company is uncertain as to when these service tax matters will be concluded . a french subsidiary of the company received notice that the french taxing authority rejected the company's 2012 research and development credit . the company has contested the decision . however , if the company does not receive a favorable outcome , it could incur charges of approximately $ 0.8 million . in addition , an unfavorable outcome could result in the authorities reviewing or rejecting $ 3.8 million of similar research and development credits for 2013 through the current year that are currently reflected as an asset . the company can provide no assurances on the timing or outcome of this matter. .
|
string
| null |
expenditures_2017 = 14134
expenditures_2018 = 10288
expenditures_2019 = 9724
expenditures_2020 = 2617
expenditures_2021 = 652
expenditures_total = 37415
average_expenditures = expenditures_total / 5
answer = average_expenditures
|
what was the percentage change in net sales of the commodity chemicals business that will be reclassified and reported as discontinued operations from 2010 to 2011?
|
21
|
CodeFinQA
|
74 2012 ppg annual report and form 10-k 25 . separation and merger transaction on january , 28 , 2013 , the company completed the previously announced separation of its commodity chemicals business and merger of its wholly-owned subsidiary , eagle spinco inc. , with a subsidiary of georgia gulf corporation in a tax efficient reverse morris trust transaction ( the 201ctransaction 201d ) . pursuant to the merger , eagle spinco , the entity holding ppg's former commodity chemicals business , is now a wholly-owned subsidiary of georgia gulf . the closing of the merger followed the expiration of the related exchange offer and the satisfaction of certain other conditions . the combined company formed by uniting georgia gulf with ppg's former commodity chemicals business is named axiall corporation ( 201caxiall 201d ) . ppg holds no ownership interest in axiall . ppg received the necessary ruling from the internal revenue service and as a result this transaction was generally tax free to ppg and its shareholders . under the terms of the exchange offer , 35249104 shares of eagle spinco common stock were available for distribution in exchange for shares of ppg common stock accepted in the offer . following the merger , each share of eagle spinco common stock automatically converted into the right to receive one share of axiall corporation common stock . accordingly , ppg shareholders who tendered their shares of ppg common stock as part of this offer received 3.2562 shares of axiall common stock for each share of ppg common stock accepted for exchange . ppg was able to accept the maximum of 10825227 shares of ppg common stock for exchange in the offer , and thereby , reduced its outstanding shares by approximately 7% ( 7 % ) . under the terms of the transaction , ppg received $ 900 million of cash and 35.2 million shares of axiall common stock ( market value of $ 1.8 billion on january 25 , 2013 ) which was distributed to ppg shareholders by the exchange offer as described above . the cash consideration is subject to customary post-closing adjustment , including a working capital adjustment . in the transaction , ppg transferred environmental remediation liabilities , defined benefit pension plan assets and liabilities and other post-employment benefit liabilities related to the commodity chemicals business to axiall . ppg will report a gain on the transaction reflecting the excess of the sum of the cash proceeds received and the cost ( closing stock price on january 25 , 2013 ) of the ppg shares tendered and accepted in the exchange for the 35.2 million shares of axiall common stock over the net book value of the net assets of ppg's former commodity chemicals business . the transaction will also result in a net partial settlement loss associated with the spin out and termination of defined benefit pension liabilities and the transfer of other post-retirement benefit liabilities under the terms of the transaction . during 2012 , the company incurred $ 21 million of pretax expense , primarily for professional services , related to the transaction . additional transaction-related expenses will be incurred in 2013 . ppg will report the results of its commodity chemicals business for january 2013 and a net gain on the transaction as results from discontinued operations when it reports its results for the quarter ending march 31 , 2013 . in the ppg results for prior periods , presented for comparative purposes beginning with the first quarter 2013 , the results of its former commodity chemicals business will be reclassified from continuing operations and presented as the results from discontinued operations . the net sales and income before income taxes of the commodity chemicals business that will be reclassified and reported as discontinued operations are presented in the table below for the years ended december 31 , 2012 , 2011 and 2010: .
| | Year-ended |
| :--- | :--- |
| Millions | 2012 | 2011 | 2010 |
| Net sales | $1,700 | $1,741 | $1,441 |
| Income before income taxes | $368 | $376 | $187 |
income before income taxes for the year ended december 31 , 2012 , 2011 and 2010 is $ 4 million lower , $ 6 million higher and $ 2 million lower , respectively , than segment earnings for the ppg commodity chemicals segment reported for these periods . these differences are due to the inclusion of certain gains , losses and expenses associated with the chlor-alkali and derivatives business that were not reported in the ppg commodity chemicals segment earnings in accordance with the accounting guidance on segment reporting . table of contents notes to the consolidated financial statements .
|
string
| null |
net_sales_2011 = 1741
net_sales_2010 = 1441
percent_change = (net_sales_2011 - net_sales_2010) / net_sales_2010
answer = percent_change * 100
|
what percentage of the total number of shares purchased where purchased in november?
|
27
|
CodeFinQA
|
purchases of equity securities 2013 during 2018 , we repurchased 57669746 shares of our common stock at an average price of $ 143.70 . the following table presents common stock repurchases during each month for the fourth quarter of 2018 : period total number of shares purchased [a] average price paid per share total number of shares purchased as part of a publicly announced plan or program [b] maximum number of shares remaining under the plan or program [b] .
| Period | Total Number of Shares Purchased [a] | Average Price Paid Per Share | Total Number of Shares Purchased as Part of a Publicly AnnouncedPlan or Program [b] | Maximum Number of Shares Remaining Under the Plan or Program [b] |
| :--- | :--- | :--- | :--- | :--- |
| Oct. 1 through Oct. 31 | 6,091,605 | $158.20 | 6,087,727 | 32,831,024 |
| Nov. 1 through Nov. 30 | 3,408,467 | 147.91 | 3,402,190 | 29,428,834 |
| Dec. 1 through Dec. 31 | 3,007,951 | 148.40 | 3,000,715 | 26,428,119 |
| Total | 12,508,023 | $153.04 | 12,490,632 | N/A |
[a] total number of shares purchased during the quarter includes approximately 17391 shares delivered or attested to upc by employees to pay stock option exercise prices , satisfy excess tax withholding obligations for stock option exercises or vesting of retention units , and pay withholding obligations for vesting of retention shares . [b] effective january 1 , 2017 , our board of directors authorized the repurchase of up to 120 million shares of our common stock by december 31 , 2020 . these repurchases may be made on the open market or through other transactions . our management has sole discretion with respect to determining the timing and amount of these transactions. .
|
string
| null |
shares_repurchased = 3408467
shares_total = 12508023
percent_november = shares_repurchased / shares_total
answer = percent_november * 100
|
what was the percentage change in the north american industrial packaging net sales in 2012
|
34.9000015259
|
CodeFinQA
|
( $ 125 million ) and higher maintenance outage costs ( $ 18 million ) . additionally , operating profits in 2012 include 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 busi- ness of $ 17 million and a $ 3 million gain for other items , while operating costs in 2011 included costs associated with signing an agreement to acquire temple-inland of $ 20 million and a gain of $ 7 million for other items . industrial packaging .
| In millions | 2012 | 2011 | 2010 |
| :--- | :--- | :--- | :--- |
| Sales | $13,280 | $10,430 | $9,840 |
| Operating Profit | 1,066 | 1,147 | 826 |
north american industr ia l packaging net sales were $ 11.6 billion in 2012 compared with $ 8.6 billion in 2011 and $ 8.4 billion in 2010 . operating profits in 2012 were $ 1.0 billion ( $ 1.3 billion exclud- ing costs associated with the acquisition and integration of temple-inland and mill divestiture costs ) compared with $ 1.1 billion ( both including and excluding costs associated with signing an agree- ment to acquire temple-inland ) in 2011 and $ 763 million ( $ 776 million excluding facility closure costs ) in 2010 . sales volumes for the legacy business were about flat in 2012 compared with 2011 . average sales price was lower mainly due to export containerboard sales prices which bottomed out in the first quarter but climbed steadily the rest of the year . input costs were lower for recycled fiber , wood and natural gas , but higher for starch . freight costs also increased . plan- ned maintenance downtime costs were higher than in 2011 . operating costs were higher largely due to routine inventory valuation adjustments operating profits in 2012 benefited from $ 235 million of temple-inland synergies . market-related downtime in 2012 was about 570000 tons compared with about 380000 tons in 2011 . 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 . operating profits in 2011 included charges of $ 20 million for costs associated with the signing of the agreement to acquire temple- inland . looking ahead to 2013 , sales volumes in the first quarter compared with the fourth quarter of 2012 are expected to increase slightly for boxes due to a higher number of shipping days . average sales price realizations are expected to reflect the pass-through to box customers of a containerboard price increase implemented in 2012 . input costs are expected to be higher for recycled fiber , wood and starch . planned maintenance downtime costs are expected to be about $ 26 million higher with outages scheduled at eight mills compared with six mills in the 2012 fourth quarter . manufacturing operating costs are expected to be lower . european industr ia l packaging net sales were $ 1.0 billion in 2012 compared with $ 1.1 billion in 2011 and $ 990 million in 2010 . operating profits in 2012 were $ 53 million ( $ 72 million excluding restructuring costs ) compared with $ 66 million ( $ 61 million excluding a gain for a bargain purchase price adjustment on an acquisition by our joint venture in turkey and costs associated with the closure of our etienne mill in france in 2009 ) in 2011 and $ 70 mil- lion ( $ 73 million before closure costs for our etienne mill ) in 2010 . sales volumes in 2012 were lower than in 2011 reflecting decreased demand for packaging in the industrial market due to a weaker overall economic environment in southern europe . demand for pack- aging in the agricultural markets was about flat year- over-year . average sales margins increased due to sales price increases implemented during 2011 and 2012 and lower board costs . other input costs were higher , primarily for energy and distribution . operat- ing profits in 2012 included a net gain of $ 10 million for an insurance settlement , partially offset by addi- tional operating costs , related to the earthquakes in northern italy in may which affected our san felice box plant . entering the first quarter of 2013 , sales volumes are expected to be stable reflecting a seasonal decrease in market demand in agricultural markets offset by an increase in industrial markets . average sales margins are expected to improve due to lower input costs for containerboard . other input costs should be about flat . operating costs are expected to be higher reflecting the absence of the earthquake insurance settlement that was received in the 2012 fourth quar- asian industr ia l packaging net sales and operating profits include the results of sca pack- aging since the acquisition on june 30 , 2010 , includ- ing the impact of incremental integration costs . net sales for the packaging operations were $ 400 million in 2012 compared with $ 410 million in 2011 and $ 255 million in 2010 . operating profits for the packaging operations were $ 2 million in 2012 compared with $ 2 million in 2011 and a loss of $ 7 million ( a loss of $ 4 million excluding facility closure costs ) in 2010 . operating profits were favorably impacted by higher average sales margins in 2012 compared with 2011 , but this benefit was offset by lower sales volumes and higher raw material costs and operating costs . looking ahead to the first quarter of 2013 , sales volumes and average sales margins are expected to decrease due to seasonality . net sales for the distribution operations were $ 260 million in 2012 compared with $ 285 million in 2011 and $ 240 million in 2010 . operating profits were $ 3 million in 2012 compared with $ 3 million in 2011 and about breakeven in 2010. .
|
string
| null |
industrial_packaging_sales = 11.6
legacy_packaging_sales = 8.6
percent_change = (industrial_packaging_sales - legacy_packaging_sales) / legacy_packaging_sales
answer = percent_change * 100
|
what portion of the net mark-to-market loss were driven by cost of good sold in 2015?
|
68.1999969482
|
CodeFinQA
|
between the actual return on plan assets compared to the expected return on plan assets ( u.s . pension plans had an actual rate of return of 7.8 percent compared to an expected rate of return of 6.9 percent ) . 2022 2015 net mark-to-market loss of $ 179 million - primarily due to the difference between the actual return on plan assets compared to the expected return on plan assets ( u.s . pension plans had an actual rate of return of ( 2.0 ) percent compared to an expected rate of return of 7.4 percent ) which was partially offset by higher discount rates at the end of 2015 compared to 2014 . the net mark-to-market losses were in the following results of operations line items: .
| | Years ended December 31, |
| :--- | :--- |
| (Millions of dollars) | 2017 | 2016 | 2015 |
| Cost of goods sold | $(29) | $476 | $122 |
| Selling, general and administrative expenses | 244 | 382 | 18 |
| Research and development expenses | 86 | 127 | 39 |
| Total | $301 | $985 | $179 |
effective january 1 , 2018 , we adopted new accounting guidance issued by the fasb related to the presentation of net periodic pension and opeb costs . this guidance requires that an employer disaggregate the service cost component from the other components of net benefit cost . service cost is required to be reported in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period . the other components of net benefit cost are required to be reported outside the subtotal for income from operations . as a result , components of pension and opeb costs , other than service costs , will be reclassified from operating costs to other income/expense . this change will be applied retrospectively to prior years . in the fourth quarter of 2017 , the company reviewed and made changes to the mortality assumptions primarily for our u.s . pension plans which resulted in an overall increase in the life expectancy of plan participants . as of december 31 , 2017 these changes resulted in an increase in our liability for postemployment benefits of approximately $ 290 million . in the fourth quarter of 2016 , the company adopted new mortality improvement scales released by the soa for our u.s . pension and opeb plans . as of december 31 , 2016 , this resulted in an increase in our liability for postemployment benefits of approximately $ 200 million . in the first quarter of 2017 , we announced the closure of our gosselies , belgium facility . this announcement impacted certain employees that participated in a defined benefit pension plan and resulted in a curtailment and the recognition of termination benefits . in march 2017 , we recognized a net loss of $ 20 million for the curtailment and termination benefits . in addition , we announced the decision to phase out production at our aurora , illinois , facility , which resulted in termination benefits of $ 9 million for certain hourly employees that participate in our u.s . hourly defined benefit pension plan . beginning in 2016 , we elected to utilize a full yield curve approach in the estimation of service and interest costs by applying the specific spot rates along the yield curve used in the determination of the benefit obligation to the relevant projected cash flows . service and interest costs in 2017 and 2016 were lower by $ 140 million and $ 180 million , respectively , under the new method than they would have been under the previous method . this change had no impact on our year-end defined benefit pension and opeb obligations or our annual net periodic benefit cost as the lower service and interest costs were entirely offset in the actuarial loss ( gain ) reported for the respective year . we expect our total defined benefit pension and opeb expense ( excluding the impact of mark-to-market gains and losses ) to decrease approximately $ 80 million in 2018 . this decrease is primarily due to a higher expected return on plan assets as a result of a higher asset base in 2018 . in general , our strategy for both the u.s . and the non-u.s . pensions includes ongoing alignment of our investments to our liabilities , while reducing risk in our portfolio . for our u.s . pension plans , our year-end 2017 asset allocation was 34 a0percent equities , 62 a0percent fixed income and 4 percent other . our current u.s . pension target asset allocation is 30 percent equities and 70 percent fixed income . the target allocation is revisited periodically to ensure it reflects our overall objectives . the u.s . plans are rebalanced to plus or minus 5 percentage points of the target asset allocation ranges on a monthly basis . the year-end 2017 asset allocation for our non-u.s . pension plans was 40 a0percent equities , 53 a0percent fixed income , 4 a0percent real estate and 3 percent other . the 2017 weighted-average target allocations for our non-u.s . pension plans was 38 a0percent equities , 54 a0percent fixed income , 5 a0percent real estate and 3 a0percent other . the target allocations for each plan vary based upon local statutory requirements , demographics of the plan participants and funded status . the frequency of rebalancing for the non-u.s . plans varies depending on the plan . contributions to our pension and opeb plans were $ 1.6 billion and $ 329 million in 2017 and 2016 , respectively . the 2017 contributions include a $ 1.0 billion discretionary contribution made to our u.s . pension plans in december 2017 . we expect to make approximately $ 365 million of contributions to our pension and opeb plans in 2018 . we believe we have adequate resources to fund both pension and opeb plans . 48 | 2017 form 10-k .
|
string
| null |
cost_of_goods_sold = 122
net_mark_to_market_loss = 179
percent_cost_of_goods_sold = cost_of_goods_sold / net_mark_to_market_loss
answer = percent_cost_of_goods_sold * 100
|
what is the percentage increase of shares purchased as part of publicly announced plans from nov 2016 to dec 2016?
|
271.799987793
|
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 2016 . 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 2016 | 433,272 | $52.69 | 50,337 | 382,935 | $2.7 billion |
| November 2016 | 667,644 | $62.25 | 248,349 | 419,295 | $2.6 billion |
| December 2016 | 1,559,569 | $66.09 | 688 | 1,558,881 | $2.5 billion |
| Total | 2,660,485 | $62.95 | 299,374 | 2,361,111 | $2.5 billion |
( a ) the shares reported in this column represent purchases settled in the fourth quarter of 2016 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 authorized our purchase of up to $ 2.5 billion of our outstanding common stock . this authorization has no expiration date . as of december 31 , 2016 , the approximate dollar value of shares that may yet be purchased under the 2015 authorization is $ 40 million . on september 21 , 2016 , we announced that our board of directors authorized our purchase of up to an additional $ 2.5 billion of our outstanding common stock with no expiration date . as of december 31 , 2016 , no purchases have been made under the 2016 authorization. .
|
string
| null |
shares_purchased = 1558881
shares_not_purchased = 419295
percent_increase = (shares_purchased - shares_not_purchased) / shares_not_purchased
answer = percent_increase * 100
|
what portion of total obligations is related to contractual obligations as of march 31 , 2008?
|
54.5999984741
|
CodeFinQA
|
97% ( 97 % ) of its carrying value . the columbia fund is being liquidated with distributions to us occurring and expected to be fully liquidated during calendar 2008 . since december 2007 , we have received disbursements of approximately $ 20.7 million from the columbia fund . our operating activities during the year ended march 31 , 2008 used cash of $ 28.9 million as compared to $ 19.8 million during the same period in the prior year . our fiscal 2008 net loss of $ 40.9 million was the primary cause of our cash use from operations , attributed to increased investments in our global distribution as we continue to drive initiatives to increase recovery awareness as well as our investments in research and development to broaden our circulatory care product portfolio . in addition , our inventories used cash of $ 11.1 million during fiscal 2008 , reflecting our inventory build-up to support anticipated increases in global demand for our products and our accounts receivable also increased as a result of higher sales volume resulting in a use of cash of $ 2.8 million in fiscal 2008 . these decreases in cash were partially offset by an increase in accounts payable and accrued expenses of $ 5.6 million , non-cash adjustments of $ 5.4 million related to stock-based compensation expense , $ 6.1 million of depreciation and amortization and $ 5.0 million for the change in fair value of worldheart note receivable and warrant . our investing activities during the year ended march 31 , 2008 used cash of $ 40.9 million as compared to cash provided by investing activities of $ 15.1 million during the year ended march 31 , 2007 . cash used by investment activities for fiscal 2008 consisted primarily of $ 49.3 million for the recharacterization of the columbia fund to short-term marketable securities , $ 17.1 million for the purchase of short-term marketable securities , $ 3.8 million related to expenditures for property and equipment and $ 5.0 million for note receivable advanced to worldheart . these amounts were offset by $ 34.5 million of proceeds from short-term marketable securities . in june 2008 , we received 510 ( k ) clearance of our impella 2.5 , triggering an obligation to pay $ 5.6 million of contingent payments in accordance with the may 2005 acquisition of impella . these contingent payments may be made , at our option , with cash , or stock or by a combination of cash or stock under circumstances described in the purchase agreement . it is our intent to satisfy this contingent payment through the issuance of shares of our common stock . our financing activities during the year ended march 31 , 2008 provided cash of $ 2.1 million as compared to cash provided by financing activities of $ 66.6 million during the same period in the prior year . cash provided by financing activities for fiscal 2008 is comprised primarily of $ 2.8 million attributable to the exercise of stock options , $ 0.9 million related to the proceeds from the issuance of common stock , $ 0.3 million related to proceeds from the employee stock purchase plan , partially offset by $ 1.9 million related to the repurchase of warrants . the $ 64.5 million decrease compared to the prior year is primarily due to $ 63.6 million raised from the public offering in fiscal 2007 . we disbursed approximately $ 2.2 million of cash for the warrant repurchase and settlement of certain litigation . capital expenditures for fiscal 2009 are estimated to be approximately $ 3.0 to $ 6.0 million . contractual obligations and commercial commitments the following table summarizes our contractual obligations at march 31 , 2008 and the effects such obligations are expected to have on our liquidity and cash flows in future periods . payments due by fiscal year ( in $ 000 2019s ) contractual obligations total than 1 than 5 .
| | Payments Due By Fiscal Year (in $000’s) |
| :--- | :--- |
| Contractual Obligations | Total | Less than 1 Year | 1-3 Years | 3-5 Years | More than 5 Years |
| Operating Lease Commitments | $7,754 | $2,544 | $3,507 | $1,703 | $— |
| Contractual Obligations | 9,309 | 7,473 | 1,836 | — | — |
| Total Obligations | $17,063 | $10,017 | $5,343 | $1,703 | $— |
we have no long-term debt , capital leases or other material commitments , for open purchase orders and clinical trial agreements at march 31 , 2008 other than those shown in the table above . in may 2005 , we acquired all the shares of outstanding capital stock of impella cardiosystems ag , a company headquartered in aachen , germany . the aggregate purchase price excluding a contingent payment in the amount of $ 5.6 million made on january 30 , 2007 in the form of common stock , was approximately $ 45.1 million , which consisted of $ 42.2 million of our common stock , $ 1.6 million of cash paid to certain former shareholders of impella and $ 1.3 million of transaction costs , consisting primarily of fees paid for financial advisory and legal services . we may make additional contingent payments to impella 2019s former shareholders based on additional milestone payments related to fda approvals in the amount of up to $ 11.2 million . in june 2008 we received 510 ( k ) clearance of our impella 2.5 , triggering an obligation to pay $ 5.6 million of contingent payments . these contingent payments may be made , at our option , with cash , or stock or by a combination of cash or stock under circumstances described in the purchase agreement , except that approximately $ 1.8 million of these contingent payments must be made in cash . the payment of any contingent payments will result in an increase to the carrying value of goodwill . we apply the disclosure provisions of fin no . 45 , guarantor 2019s accounting and disclosure requirements for guarantees , including guarantees of indebtedness of others , and interpretation of fasb statements no . 5 , 57 and 107 and rescission of fasb interpretation .
|
string
| null |
contractual_obligations = 9309
total_obligations = 17063
percent_contractual = contractual_obligations / total_obligations
answer = percent_contractual * 100
|
what is the highest return for the second year of the investment?
|
114
|
CodeFinQA
|
stock total return performance the following graph compares our total return to stockholders with the returns of the standard & poor 2019s composite 500 index ( 201cs&p 500 201d ) and the dow jones us select health care providers index ( 201cpeer group 201d ) for the five years ended december 31 , 2017 . the graph assumes an investment of $ 100 in each of our common stock , the s&p 500 , and the peer group on december 31 , 2012 , and that dividends were reinvested when paid. .
| | 12/31/2012 | 12/31/2013 | 12/31/2014 | 12/31/2015 | 12/31/2016 | 12/31/2017 |
| :--- | :--- | :--- | :--- | :--- | :--- | :--- |
| HUM | $100 | $152 | $214 | $267 | $307 | $377 |
| S&P 500 | $100 | $132 | $150 | $153 | $171 | $208 |
| Peer Group | $100 | $137 | $175 | $186 | $188 | $238 |
the stock price performance included in this graph is not necessarily indicative of future stock price performance. .
|
string
| null |
dividends = 214
initial_investment = 100
answer = dividends - initial_investment
|
what was the percentage change in equipment rents payable from 2014 to 2015?
|
5
|
CodeFinQA
|
appropriate statistical bases . total expense for repairs and maintenance incurred was $ 2.5 billion for 2015 , $ 2.4 billion for 2014 , and $ 2.3 billion for 2013 . 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 . 13 . accounts payable and other current liabilities dec . 31 , dec . 31 , millions 2015 2014 .
| Millions | Dec. 31, 2015 | Dec. 31, 2014 |
| :--- | :--- | :--- |
| Accounts payable | $743 | $877 |
| Income and other taxes payable | 434 | 412 |
| Accrued wages and vacation | 391 | 409 |
| Interest payable | 208 | 178 |
| Accrued casualty costs | 181 | 249 |
| Equipment rents payable | 105 | 100 |
| Dividends payable [a] | - | 438 |
| Other | 550 | 640 |
| Total accounts payable and other current liabilities | $2,612 | $3,303 |
[a] beginning in 2015 , the timing of the dividend declaration and payable dates was aligned to occur within the same quarter . the 2015 dividends paid amount includes the fourth quarter 2014 dividend of $ 438 million , which was paid on january 2 , 2015 , the first quarter 2015 dividend of $ 484 million , which was paid on march 30 , 2015 , the second quarter 2015 dividend of $ 479 million , which was paid on june 30 , 2015 , the third quarter 2015 dividend of $ 476 million , which was paid on september 30 , 2015 , as well as the fourth quarter 2015 dividend of $ 467 million , which was paid on december 30 , 2015 . 14 . financial instruments strategy and risk 2013 we may use derivative financial instruments in limited instances for other than trading purposes to assist in managing our overall exposure to fluctuations in interest rates and fuel prices . we are not a party to leveraged derivatives and , by policy , do not use derivative financial instruments for speculative purposes . derivative financial instruments qualifying for hedge accounting must maintain a specified level of effectiveness between the hedging instrument and the item being hedged , both at inception and throughout the hedged period . we formally document the nature and relationships between the hedging instruments and hedged items at inception , as well as our risk- management objectives , strategies for undertaking the various hedge transactions , and method of assessing hedge effectiveness . changes in the fair market value of derivative financial instruments that do not qualify for hedge accounting are charged to earnings . we may use swaps , collars , futures , and/or forward contracts to mitigate the risk of adverse movements in interest rates and fuel prices ; however , the use of these derivative financial instruments may limit future benefits from favorable interest rate and fuel price movements . market and credit risk 2013 we address market risk related to derivative financial instruments by selecting instruments with value fluctuations that highly correlate with the underlying hedged item . we manage credit risk related to derivative financial instruments , which is minimal , by requiring high credit standards for counterparties and periodic settlements . at december 31 , 2015 , and 2014 , we were not required to provide collateral , nor had we received collateral , relating to our hedging activities . interest rate fair value hedges 2013 we manage our overall exposure to fluctuations in interest rates by adjusting the proportion of fixed and floating rate debt instruments within our debt portfolio over a given period . we generally manage the mix of fixed and floating rate debt through the issuance of targeted amounts of each as debt matures or as we require incremental borrowings . we employ derivatives , primarily swaps , as one of the tools to obtain the targeted mix . in addition , we also obtain flexibility in managing interest costs and the interest rate mix within our debt portfolio by evaluating the issuance of and managing outstanding callable fixed-rate debt securities . swaps allow us to convert debt from fixed rates to variable rates and thereby hedge the risk of changes in the debt 2019s fair value attributable to the changes in interest rates . we account for swaps as fair value hedges using the short-cut method ; therefore , we do not record any ineffectiveness within our .
|
string
| null |
increase = 105 - 100
decrease = 100 - 438
percent_increase = increase / 100
percent_decrease = decrease / 438
answer = percent_increase * 100
|
what was the change in millions of rental expense for operating leases from 2010 to 2011?
|
16
|
CodeFinQA
|
2012 ppg annual report and form 10-k 45 costs related to these notes , which totaled $ 17 million , will be amortized to interest expense over the respective terms of the notes . in august 2010 , ppg entered into a three-year credit agreement with several banks and financial institutions ( the "2010 credit agreement" ) which was subsequently terminated in july 2012 . the 2010 credit agreement provided for a $ 1.2 billion unsecured revolving credit facility . in connection with entering into the 2010 credit agreement , the company terminated its 20ac650 million and its $ 1 billion revolving credit facilities that were each set to expire in 2011 . there were no outstanding amounts due under either revolving facility at the times of their termination . the 2010 credit agreement was set to terminate on august 5 , 2013 . ppg 2019s non-u.s . operations have uncommitted lines of credit totaling $ 705 million of which $ 34 million was used as of december 31 , 2012 . these uncommitted lines of credit are subject to cancellation at any time and are generally not subject to any commitment fees . short-term debt outstanding as of december 31 , 2012 and 2011 , was as follows: .
| (Millions) | 2012 | 2011 |
| :--- | :--- | :--- |
| Other, weighted average 2.27% as of Dec. 31, 2012 and 3.72% as of December 31, 2011 | $39 | $33 |
| Total | $39 | $33 |
ppg is in compliance with the restrictive covenants under its various credit agreements , loan agreements and indentures . the company 2019s revolving credit agreements include a financial ratio covenant . the covenant requires that the amount of total indebtedness not exceed 60% ( 60 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments . as of december 31 , 2012 , total indebtedness was 42% ( 42 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments . additionally , substantially all of the company 2019s debt agreements contain customary cross- default provisions . those provisions generally provide that a default on a debt service payment of $ 10 million or more for longer than the grace period provided ( usually 10 days ) under one agreement may result in an event of default under other agreements . none of the company 2019s primary debt obligations are secured or guaranteed by the company 2019s affiliates . interest payments in 2012 , 2011 and 2010 totaled $ 219 million , $ 212 million and $ 189 million , respectively . in october 2009 , the company entered into an agreement with a counterparty to repurchase up to 1.2 million shares of the company 2019s stock of which 1.1 million shares were purchased in the open market ( 465006 of these shares were purchased as of december 31 , 2009 at a weighted average price of $ 56.66 per share ) . the counterparty held the shares until september of 2010 when the company paid $ 65 million and took possession of these shares . rental expense for operating leases was $ 233 million , $ 249 million and $ 233 million in 2012 , 2011 and 2010 , respectively . the primary leased assets include paint stores , transportation equipment , warehouses and other distribution facilities , and office space , including the company 2019s corporate headquarters located in pittsburgh , pa . minimum lease commitments for operating leases that have initial or remaining lease terms in excess of one year as of december 31 , 2012 , are ( in millions ) $ 171 in 2013 , $ 135 in 2014 , $ 107 in 2015 , $ 83 in 2016 , $ 64 in 2017 and $ 135 thereafter . the company had outstanding letters of credit and surety bonds of $ 119 million as of december 31 , 2012 . the letters of credit secure the company 2019s performance to third parties under certain self-insurance programs and other commitments made in the ordinary course of business . as of december 31 , 2012 and 2011 , guarantees outstanding were $ 96 million and $ 90 million , respectively . the guarantees relate primarily to debt of certain entities in which ppg has an ownership interest and selected customers of certain of the company 2019s businesses . a portion of such debt is secured by the assets of the related entities . the carrying values of these guarantees were $ 11 million and $ 13 million as of december 31 , 2012 and 2011 , respectively , and the fair values were $ 11 million and $ 21 million , as of december 31 , 2012 and 2011 , respectively . the fair value of each guarantee was estimated by comparing the net present value of two hypothetical cash flow streams , one based on ppg 2019s incremental borrowing rate and the other based on the borrower 2019s incremental borrowing rate , as of the effective date of the guarantee . both streams were discounted at a risk free rate of return . the company does not believe any loss related to these letters of credit , surety bonds or guarantees is likely . 9 . fair value measurement the accounting guidance on fair value measurements establishes a hierarchy with three levels of inputs used to determine fair value . level 1 inputs are quoted prices ( unadjusted ) in active markets for identical assets and liabilities , are considered to be the most reliable evidence of fair value , and should be used whenever available . level 2 inputs are observable prices that are not quoted on active exchanges . level 3 inputs are unobservable inputs employed for measuring the fair value of assets or liabilities . table of contents notes to the consolidated financial statements .
|
string
| null |
increase = 249 - 233
answer = increase
|
what was the average share price that the shares were repurchased in 2011?
|
34.2299995422
|
CodeFinQA
|
the total intrinsic value of options exercised ( i.e . the difference between the market price at exercise and the price paid by the employee to exercise the options ) during fiscal 2011 , 2010 and 2009 was $ 96.5 million , $ 29.6 million and $ 4.7 million , respectively . the total amount of proceeds received by the company from exercise of these options during fiscal 2011 , 2010 and 2009 was $ 217.4 million , $ 240.4 million and $ 15.1 million , respectively . proceeds from stock option exercises pursuant to employee stock plans in the company 2019s statement of cash flows of $ 217.2 million , $ 216.1 million and $ 12.4 million for fiscal 2011 , 2010 and 2009 , respectively , are net of the value of shares surrendered by employees in certain limited circumstances to satisfy the exercise price of options , and to satisfy employee tax obligations upon vesting of restricted stock or restricted stock units and in connection with the exercise of stock options granted to the company 2019s employees under the company 2019s equity compensation plans . the withholding amount is based on the company 2019s minimum statutory withholding requirement . a summary of the company 2019s restricted stock unit award activity as of october 29 , 2011 and changes during the year then ended is presented below : restricted outstanding weighted- average grant- date fair value per share .
| | Restricted Stock Units Outstanding | Weighted- Average Grant- Date Fair Value Per Share |
| :--- | :--- | :--- |
| Restricted stock units outstanding at October 30, 2010 | 1,265 | $28.21 |
| Units granted | 898 | $34.93 |
| Restrictions lapsed | (33) | $24.28 |
| Units forfeited | (42) | $31.39 |
| Restricted stock units outstanding at October 29, 2011 | 2,088 | $31.10 |
as of october 29 , 2011 , there was $ 88.6 million of total unrecognized compensation cost related to unvested share-based awards comprised of stock options and restricted stock units . that cost is expected to be recognized over a weighted-average period of 1.3 years . the total grant-date fair value of shares that vested during fiscal 2011 , 2010 and 2009 was approximately $ 49.6 million , $ 67.7 million and $ 74.4 million , respectively . common stock repurchase program the company 2019s common stock repurchase program has been in place since august 2004 . in the aggregate , the board of directors has authorized the company to repurchase $ 5 billion of the company 2019s common stock under the program . under the program , the company may repurchase outstanding shares of its common stock from time to time in the open market and through privately negotiated transactions . unless terminated earlier by resolution of the company 2019s board of directors , the repurchase program will expire when the company has repurchased all shares authorized under the program . as of october 29 , 2011 , the company had repurchased a total of approximately 125.0 million shares of its common stock for approximately $ 4278.5 million under this program . an additional $ 721.5 million remains available for repurchase of shares under the current authorized program . the repurchased shares are held as authorized but unissued shares of common stock . any future common stock repurchases will be dependent upon several factors , including the amount of cash available to the company in the united states and the company 2019s financial performance , outlook and liquidity . the company also from time to time repurchases shares in settlement of employee tax withholding obligations due upon the vesting of restricted stock units , or in certain limited circumstances to satisfy the exercise price of options granted to the company 2019s employees under the company 2019s equity compensation plans . analog devices , inc . notes to consolidated financial statements 2014 ( continued ) .
|
string
| null |
price = 4278.5
shares_repurchased = 125.0
average_price = price / shares_repurchased
answer = average_price
|
what is the growth rate in operating revenue from 2000 to 2001?
|
25.5
|
CodeFinQA
|
other taxes decreased in 2001 because its utility operations in virginia became subject to state income taxes in lieu of gross receipts taxes effective january 2001 . in addition , dominion recognized higher effective rates for foreign earnings and higher pretax income in relation to non-conventional fuel tax credits realized . dominion energy 2002 2001 2000 ( millions , except per share amounts ) .
| (millions, except pershare amounts) | 2002 | 2001 | 2000 |
| :--- | :--- | :--- | :--- |
| Operating revenue | $5,940 | $6,144 | $4,894 |
| Operating expenses | 4,520 | 4,749 | 3,939 |
| Net income contribution | 770 | 723 | 489 |
| Earnings per share contribution | $2.72 | $2.86 | $2.07 |
| Electricity supplied* (million mwhrs) | 101 | 95 | 83 |
| Gas transmission throughput (bcf) | 597 | 553 | 567 |
* amounts presented are for electricity supplied by utility and merchant generation operations . operating results 2014 2002 dominion energy contributed $ 2.72 per diluted share on net income of $ 770 million for 2002 , a net income increase of $ 47 million and an earnings per share decrease of $ 0.14 over 2001 . net income for 2002 reflected lower operating revenue ( $ 204 million ) , operating expenses ( $ 229 million ) and other income ( $ 27 million ) . interest expense and income taxes , which are discussed on a consolidated basis , decreased $ 50 million over 2001 . the earnings per share decrease reflected share dilution . regulated electric sales revenue increased $ 179 million . favorable weather conditions , reflecting increased cooling and heating degree-days , as well as customer growth , are estimated to have contributed $ 133 million and $ 41 million , respectively . fuel rate recoveries increased approximately $ 65 million for 2002 . these recoveries are generally offset by increases in elec- tric fuel expense and do not materially affect income . partially offsetting these increases was a net decrease of $ 60 million due to other factors not separately measurable , such as the impact of economic conditions on customer usage , as well as variations in seasonal rate premiums and discounts . nonregulated electric sales revenue increased $ 9 million . sales revenue from dominion 2019s merchant generation fleet decreased $ 21 million , reflecting a $ 201 million decline due to lower prices partially offset by sales from assets acquired and constructed in 2002 and the inclusion of millstone operations for all of 2002 . revenue from the wholesale marketing of utility generation decreased $ 74 million . due to the higher demand of utility service territory customers during 2002 , less production from utility plant generation was available for profitable sale in the wholesale market . revenue from retail energy sales increased $ 71 million , reflecting primarily customer growth over the prior year . net revenue from dominion 2019s electric trading activities increased $ 33 million , reflecting the effect of favorable price changes on unsettled contracts and higher trading margins . nonregulated gas sales revenue decreased $ 351 million . the decrease included a $ 239 million decrease in sales by dominion 2019s field services and retail energy marketing opera- tions , reflecting to a large extent declining prices . revenue associated with gas trading operations , net of related cost of sales , decreased $ 112 million . the decrease included $ 70 mil- lion of realized and unrealized losses on the economic hedges of natural gas production by the dominion exploration & pro- duction segment . as described below under selected information 2014 energy trading activities , sales of natural gas by the dominion exploration & production segment at market prices offset these financial losses , resulting in a range of prices contemplated by dominion 2019s overall risk management strategy . the remaining $ 42 million decrease was due to unfavorable price changes on unsettled contracts and lower overall trading margins . those losses were partially offset by contributions from higher trading volumes in gas and oil markets . gas transportation and storage revenue decreased $ 44 million , primarily reflecting lower rates . electric fuel and energy purchases expense increased $ 94 million which included an increase of $ 66 million associated with dominion 2019s energy marketing operations that are not sub- ject to cost-based rate regulation and an increase of $ 28 million associated with utility operations . substantially all of the increase associated with non-regulated energy marketing opera- tions related to higher volumes purchased during the year . for utility operations , energy costs increased $ 66 million for pur- chases subject to rate recovery , partially offset by a $ 38 million decrease in fuel expenses associated with lower wholesale mar- keting of utility plant generation . purchased gas expense decreased $ 245 million associated with dominion 2019s field services and retail energy marketing oper- ations . this decrease reflected approximately $ 162 million asso- ciated with declining prices and $ 83 million associated with lower purchased volumes . liquids , pipeline capacity and other purchases decreased $ 64 million , primarily reflecting comparably lower levels of rate recoveries of certain costs of transmission operations in the cur- rent year period . the difference between actual expenses and amounts recovered in the period are deferred pending future rate adjustments . other operations and maintenance expense decreased $ 14 million , primarily reflecting an $ 18 million decrease in outage costs due to fewer generation unit outages in the current year . depreciation expense decreased $ 11 million , reflecting decreases in depreciation associated with changes in the esti- mated useful lives of certain electric generation property , par- tially offset by increased depreciation associated with state line and millstone operations . other income decreased $ 27 million , including a $ 14 mil- lion decrease in net realized investment gains in the millstone 37d o m i n i o n 2019 0 2 a n n u a l r e p o r t .
|
string
| null |
revenue_2001 = 6144
revenue_2000 = 4894
change = revenue_2001 - revenue_2000
percent_change = change / revenue_2000
answer = percent_change * 100
|
what is the percentage of cash paid among the total purchase price?
|
79.2399978638
|
CodeFinQA
|
fair value of the tangible assets and identifiable intangible assets acquired , was $ 17.7 million . goodwill resulted primarily from the company 2019s expectation of synergies from the integration of sigma-c 2019s technology with the company 2019s technology and operations . virtio corporation , inc . ( virtio ) the company acquired virtio on may 15 , 2006 in an all-cash transaction . reasons for the acquisition . the company believes that its acquisition of virtio will expand its presence in electronic system level design . the company expects the combination of the company 2019s system studio solution with virtio 2019s virtual prototyping technology will help accelerate systems to market by giving software developers the ability to begin code development earlier than with prevailing methods . purchase price . the company paid $ 9.1 million in cash for the outstanding shares of virtio , of which $ 0.9 million was deposited with an escrow agent and which will be paid to the former stockholders of virtio pursuant to the terms of an escrow agreement . in addition , the company had a prior investment in virtio of approximately $ 1.7 million . the total purchase consideration consisted of: .
| | (in thousands) |
| :--- | :--- |
| Cash paid | $9,076 |
| Prior investment in Virtio | 1,664 |
| Acquisition-related costs | 713 |
| Total purchase price | $11,453 |
acquisition-related costs of $ 0.7 million consist primarily of legal , tax and accounting fees , estimated facilities closure costs and employee termination costs . as of october 31 , 2006 , the company had paid $ 0.3 million of the acquisition-related costs . the $ 0.4 million balance remaining at october 31 , 2006 primarily consists of professional and tax-related service fees and facilities closure costs . under the agreement with virtio , the company has also agreed to pay up to $ 4.3 million over three years to the former stockholders based upon achievement of certain sales milestones . this contingent consideration is considered to be additional purchase price and will be an adjustment to goodwill when and if payment is made . additionally , the company has also agreed to pay $ 0.9 million in employee retention bonuses which will be recognized as compensation expense over the service period of the applicable employees . assets acquired . the company has performed a preliminary valuation and allocated the total purchase consideration to the assets and liabilities acquired , including identifiable intangible assets based on their respective fair values on the acquisition date . the company acquired $ 2.5 million of intangible assets consisting of $ 1.9 million in existing technology , $ 0.4 million in customer relationships and $ 0.2 million in non-compete agreements to be amortized over five to seven years . additionally , the company acquired tangible assets of $ 5.5 million and assumed liabilities of $ 3.2 million . goodwill , representing the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in the merger , was $ 6.7 million . goodwill resulted primarily from the company 2019s expectation of synergies from the integration of virtio 2019s technology with the company 2019s technology and operations . hpl technologies , inc . ( hpl ) the company acquired hpl on december 7 , 2005 in an all-cash transaction . reasons for the acquisition . the company believes that the acquisition of hpl will help solidify the company 2019s position as a leading electronic design automation vendor in design for manufacturing ( dfm ) .
|
string
| null |
cash_paid = 9076
purchase_price = 11453
percent_cash_paid = cash_paid / purchase_price
answer = percent_cash_paid * 100
|
what percentage of total minimum lease payments are operating leases leases?
|
68
|
CodeFinQA
|
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 options are not considered to be potentially significant to the vies . the future minimum lease payments associated with the vie leases totaled $ 2.6 billion as of december 31 , 2015 . 17 . leases we lease certain locomotives , freight cars , and other property . the consolidated statements of financial position as of december 31 , 2015 and 2014 included $ 2273 million , net of $ 1189 million of accumulated depreciation , and $ 2454 million , net of $ 1210 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 , 2015 , were as follows : millions operating leases capital leases .
| Millions | OperatingLeases | CapitalLeases |
| :--- | :--- | :--- |
| 2016 | $491 | $217 |
| 2017 | 446 | 220 |
| 2018 | 371 | 198 |
| 2019 | 339 | 184 |
| 2020 | 282 | 193 |
| Later years | 1,501 | 575 |
| Total minimum lease payments | $3,430 | $1,587 |
| Amount representing interest | N/A | (319) |
| Present value of minimum lease payments | N/A | $1,268 |
approximately 95% ( 95 % ) of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 590 million in 2015 , $ 593 million in 2014 , and $ 618 million in 2013 . 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 94% ( 94 % ) of the recorded liability is related to asserted claims and .
|
string
| null |
total_minimum_lease_payments = 3430 + 1587
percent_operating_leases = 3430 / total_minimum_lease_payments
answer = percent_operating_leases * 100
|
without the gain of $ 113 million from a real estate sale in the second quarter of 2015 what would other income have been in millions?
|
113
|
CodeFinQA
|
addition , fuel costs were lower as gross-ton miles decreased 9% ( 9 % ) . the fuel consumption rate ( c-rate ) , computed as gallons of fuel consumed divided by gross ton-miles in thousands , increased 1% ( 1 % ) compared to 2014 . decreases in heavier , more fuel-efficient shipments , decreased gross-ton miles and increased the c-rate . volume growth of 7% ( 7 % ) , as measured by gross ton-miles , drove the increase in fuel expense in 2014 compared to 2013 . this was essentially offset by lower locomotive diesel fuel prices , which averaged $ 2.97 per gallon ( including taxes and transportation costs ) in 2014 , compared to $ 3.15 in 2013 , along with a slight improvement in c-rate , computed as gallons of fuel consumed divided by gross ton-miles . depreciation 2013 the majority of depreciation relates to road property , including rail , ties , ballast , and other track material . a higher depreciable asset base , reflecting higher capital spending in recent years , increased depreciation expense in 2015 compared to 2014 . this increase was partially offset by our recent depreciation studies that resulted in lower depreciation rates for some asset classes . depreciation was up 7% ( 7 % ) in 2014 compared to 2013 . a higher depreciable asset base , reflecting higher ongoing capital spending drove the increase . equipment and other rents 2013 equipment and other rents expense primarily includes rental expense that the railroad pays for freight cars owned by other railroads or private companies ; freight car , intermodal , and locomotive leases ; and office and other rent expenses . equipment and other rents expense decreased $ 4 million compared to 2014 primarily from a decrease in manifest and intermodal shipments , partially offset by growth in finished vehicle shipments . higher intermodal volumes and longer cycle times increased short-term freight car rental expense in 2014 compared to 2013 . lower equipment leases essentially offset the higher freight car rental expense , as we exercised purchase options on some of our leased equipment . other 2013 other expenses include state and local taxes , freight , equipment and property damage , utilities , insurance , personal injury , environmental , employee travel , telephone and cellular , computer software , bad debt , and other general expenses . other expenses were flat in 2015 compared to 2014 as higher property taxes were offset by lower costs in other areas . higher property taxes , personal injury expense and utilities costs partially offset by lower environmental expense and costs associated with damaged freight resulted in an increase in other costs in 2014 compared to 2013 . non-operating items % ( % ) change % ( % ) change millions 2015 2014 2013 2015 v 2014 2014 v 2013 .
| Millions | 2015 | 2014 | 2013 | % Change 2015 v 2014 | % Change 2014 v 2013 |
| :--- | :--- | :--- | :--- | :--- | :--- |
| Other income | $226 | $151 | $128 | 50% | 18% |
| Interest expense | (622) | (561) | (526) | 11 | 7 |
| Income taxes | (2,884) | (3,163) | (2,660) | (9)% | 19% |
other income 2013 other income increased in 2015 compared to 2014 primarily due to a $ 113 million gain from a real estate sale in the second quarter of 2015 , partially offset by a gain from the sale of a permanent easement in 2014 . other income increased in 2014 versus 2013 due to higher gains from real estate sales and a sale of a permanent easement . these gains were partially offset by higher environmental costs on non-operating property in 2014 and lower lease income due to the $ 17 million settlement of a land lease contract in interest expense 2013 interest expense increased in 2015 compared to 2014 due to an increased weighted- average debt level of $ 13.0 billion in 2015 from $ 10.7 billion in 2014 , partially offset by the impact of a lower effective interest rate of 4.8% ( 4.8 % ) in 2015 compared to 5.3% ( 5.3 % ) in 2014 . interest expense increased in 2014 versus 2013 due to an increased weighted-average debt level of $ 10.7 billion in 2014 from $ 9.6 billion in 2013 , which more than offset the impact of the lower effective interest rate of 5.3% ( 5.3 % ) in 2014 versus 5.7% ( 5.7 % ) in 2013. .
|
string
| null |
other_income = 226
gain = 113
answer = other_income - gain
|
in 2013 what was the percentage of the contractual obligations for future payments for long term debt due in 2014
|
16.5
|
CodeFinQA
|
average cost of debt from 7.1% ( 7.1 % ) to an effective rate of 6.9% ( 6.9 % ) . the inclusion of the offsetting interest income from short-term investments reduced this effective rate to 6.26% ( 6.26 % ) . other financing activities during 2011 included the issuance of approximately 0.3 million shares of treasury stock for various incentive plans and the acquisition of 1.0 million shares of treasury stock primarily related to restricted stock withholding taxes . payments of restricted stock withholding taxes totaled $ 30 million . off-balance sheet variable interest entities information concerning off-balance sheet variable interest entities is set forth in note 12 variable interest entities and preferred securities of subsidiaries on pages 72 through 75 of item 8 . financial statements and supplementary data for discussion . liquidity and capital resources outlook for 2014 capital expenditures and long-term debt international paper expects to be able to meet projected capital expenditures , service existing debt and meet working capital and dividend requirements during 2014 through current cash balances and cash from operations . additionally , the company has existing credit facilities totaling $ 2.0 billion . the company was in compliance with all its debt covenants at december 31 , 2013 . the company 2019s financial covenants require the maintenance of a minimum net worth of $ 9 billion and a total debt-to- capital ratio of less than 60% ( 60 % ) . net worth is defined as the sum of common stock , paid-in capital and retained earnings , less treasury stock plus any cumulative goodwill impairment charges . the calculation also excludes accumulated other comprehensive income/ loss and nonrecourse financial liabilities of special purpose entities . the total debt-to-capital ratio is defined as total debt divided by the sum of total debt plus net worth . at december 31 , 2013 , international paper 2019s net worth was $ 15.1 billion , and the total-debt- to-capital ratio was 39% ( 39 % ) . the company will continue to rely upon debt and capital markets for the majority of any necessary long-term funding not provided by operating cash flows . funding decisions will be guided by our capital structure planning objectives . the primary goals of the company 2019s capital structure planning are to maximize financial flexibility and preserve liquidity while reducing interest expense . the majority of international paper 2019s debt is accessed through global public capital markets where we have a wide base of investors . maintaining an investment grade credit rating is an important element of international paper 2019s financing strategy . at december 31 , 2013 , the company held long-term credit ratings of bbb ( stable outlook ) and baa3 ( stable outlook ) by s&p and moody 2019s , respectively . contractual obligations for future payments under existing debt and lease commitments and purchase obligations at december 31 , 2013 , were as follows: .
| In millions | 2014 | 2015 | 2016 | 2017 | 2018 | Thereafter |
| :--- | :--- | :--- | :--- | :--- | :--- | :--- |
| Maturities of long-term debt (a) | $661 | $498 | $571 | $285 | $1,837 | $5,636 |
| Debt obligations with right of offset (b) | — | — | 5,185 | — | — | — |
| Lease obligations | 171 | 133 | 97 | 74 | 59 | 162 |
| Purchase obligations (c) | 3,170 | 770 | 642 | 529 | 453 | 2,404 |
| Total (d) | $4,002 | $1,401 | $6,495 | $888 | $2,349 | $8,202 |
( a ) total debt includes scheduled principal payments only . ( b ) represents debt obligations borrowed from non-consolidated variable interest entities for which international paper has , and intends to effect , a legal right to offset these obligations with investments held in the entities . accordingly , in its consolidated balance sheet at december 31 , 2013 , international paper has offset approximately $ 5.2 billion of interests in the entities against this $ 5.2 billion of debt obligations held by the entities ( see note 12 variable interest entities and preferred securities of subsidiaries on pages 72 through 75 in item 8 . financial statements and supplementary data ) . ( c ) includes $ 3.3 billion relating to fiber supply agreements entered into at the time of the 2006 transformation plan forestland sales and in conjunction with the 2008 acquisition of weyerhaeuser company 2019s containerboard , packaging and recycling business . ( d ) not included in the above table due to the uncertainty as to the amount and timing of the payment are unrecognized tax benefits of approximately $ 146 million . we consider the undistributed earnings of our foreign subsidiaries as of december 31 , 2013 , to be indefinitely reinvested and , accordingly , no u.s . income taxes have been provided thereon . as of december 31 , 2013 , the amount of cash associated with indefinitely reinvested foreign earnings was approximately $ 900 million . we do not anticipate the need to repatriate funds to the united states to satisfy domestic liquidity needs arising in the ordinary course of business , including liquidity needs associated with our domestic debt service requirements . pension obligations and funding at december 31 , 2013 , the projected benefit obligation for the company 2019s u.s . defined benefit plans determined under u.s . gaap was approximately $ 2.2 billion higher than the fair value of plan assets . approximately $ 1.8 billion of this amount relates to plans that are subject to minimum funding requirements . under current irs funding rules , the calculation of minimum funding requirements differs from the calculation of the present value of plan benefits ( the projected benefit obligation ) for accounting purposes . in december 2008 , the worker , retiree and employer recovery act of 2008 ( wera ) was passed by the u.s . congress which provided for pension funding relief and technical corrections . funding .
|
string
| null |
debt_2014 = 661
debt_total = 4002
percent_2014 = debt_2014 / debt_total
answer = percent_2014 * 100
|
what is the growth rate in operating revenue from 2001 to 2002?
|
3.2999999523
|
CodeFinQA
|
other taxes decreased in 2001 because its utility operations in virginia became subject to state income taxes in lieu of gross receipts taxes effective january 2001 . in addition , dominion recognized higher effective rates for foreign earnings and higher pretax income in relation to non-conventional fuel tax credits realized . dominion energy 2002 2001 2000 ( millions , except per share amounts ) .
| (millions, except pershare amounts) | 2002 | 2001 | 2000 |
| :--- | :--- | :--- | :--- |
| Operating revenue | $5,940 | $6,144 | $4,894 |
| Operating expenses | 4,520 | 4,749 | 3,939 |
| Net income contribution | 770 | 723 | 489 |
| Earnings per share contribution | $2.72 | $2.86 | $2.07 |
| Electricity supplied* (million mwhrs) | 101 | 95 | 83 |
| Gas transmission throughput (bcf) | 597 | 553 | 567 |
* amounts presented are for electricity supplied by utility and merchant generation operations . operating results 2014 2002 dominion energy contributed $ 2.72 per diluted share on net income of $ 770 million for 2002 , a net income increase of $ 47 million and an earnings per share decrease of $ 0.14 over 2001 . net income for 2002 reflected lower operating revenue ( $ 204 million ) , operating expenses ( $ 229 million ) and other income ( $ 27 million ) . interest expense and income taxes , which are discussed on a consolidated basis , decreased $ 50 million over 2001 . the earnings per share decrease reflected share dilution . regulated electric sales revenue increased $ 179 million . favorable weather conditions , reflecting increased cooling and heating degree-days , as well as customer growth , are estimated to have contributed $ 133 million and $ 41 million , respectively . fuel rate recoveries increased approximately $ 65 million for 2002 . these recoveries are generally offset by increases in elec- tric fuel expense and do not materially affect income . partially offsetting these increases was a net decrease of $ 60 million due to other factors not separately measurable , such as the impact of economic conditions on customer usage , as well as variations in seasonal rate premiums and discounts . nonregulated electric sales revenue increased $ 9 million . sales revenue from dominion 2019s merchant generation fleet decreased $ 21 million , reflecting a $ 201 million decline due to lower prices partially offset by sales from assets acquired and constructed in 2002 and the inclusion of millstone operations for all of 2002 . revenue from the wholesale marketing of utility generation decreased $ 74 million . due to the higher demand of utility service territory customers during 2002 , less production from utility plant generation was available for profitable sale in the wholesale market . revenue from retail energy sales increased $ 71 million , reflecting primarily customer growth over the prior year . net revenue from dominion 2019s electric trading activities increased $ 33 million , reflecting the effect of favorable price changes on unsettled contracts and higher trading margins . nonregulated gas sales revenue decreased $ 351 million . the decrease included a $ 239 million decrease in sales by dominion 2019s field services and retail energy marketing opera- tions , reflecting to a large extent declining prices . revenue associated with gas trading operations , net of related cost of sales , decreased $ 112 million . the decrease included $ 70 mil- lion of realized and unrealized losses on the economic hedges of natural gas production by the dominion exploration & pro- duction segment . as described below under selected information 2014 energy trading activities , sales of natural gas by the dominion exploration & production segment at market prices offset these financial losses , resulting in a range of prices contemplated by dominion 2019s overall risk management strategy . the remaining $ 42 million decrease was due to unfavorable price changes on unsettled contracts and lower overall trading margins . those losses were partially offset by contributions from higher trading volumes in gas and oil markets . gas transportation and storage revenue decreased $ 44 million , primarily reflecting lower rates . electric fuel and energy purchases expense increased $ 94 million which included an increase of $ 66 million associated with dominion 2019s energy marketing operations that are not sub- ject to cost-based rate regulation and an increase of $ 28 million associated with utility operations . substantially all of the increase associated with non-regulated energy marketing opera- tions related to higher volumes purchased during the year . for utility operations , energy costs increased $ 66 million for pur- chases subject to rate recovery , partially offset by a $ 38 million decrease in fuel expenses associated with lower wholesale mar- keting of utility plant generation . purchased gas expense decreased $ 245 million associated with dominion 2019s field services and retail energy marketing oper- ations . this decrease reflected approximately $ 162 million asso- ciated with declining prices and $ 83 million associated with lower purchased volumes . liquids , pipeline capacity and other purchases decreased $ 64 million , primarily reflecting comparably lower levels of rate recoveries of certain costs of transmission operations in the cur- rent year period . the difference between actual expenses and amounts recovered in the period are deferred pending future rate adjustments . other operations and maintenance expense decreased $ 14 million , primarily reflecting an $ 18 million decrease in outage costs due to fewer generation unit outages in the current year . depreciation expense decreased $ 11 million , reflecting decreases in depreciation associated with changes in the esti- mated useful lives of certain electric generation property , par- tially offset by increased depreciation associated with state line and millstone operations . other income decreased $ 27 million , including a $ 14 mil- lion decrease in net realized investment gains in the millstone 37d o m i n i o n 2019 0 2 a n n u a l r e p o r t .
|
string
| null |
revenue_2002 = 5940
revenue_2001 = 6144
change = revenue_2002 - revenue_2001
percent_change = change / revenue_2001
answer = percent_change * 100
|
what is the lowest return for the last year of the investment?
|
71.9100036621
|
CodeFinQA
|
table of contents stock performance graph * $ 100 invested on 11/17/11 in our stock or 10/31/11 in the relevant index , including reinvestment of dividends . fiscal year ending december 31 , 2015 . ( 1 ) delphi automotive plc ( 2 ) s&p 500 2013 standard & poor 2019s 500 total return index ( 3 ) automotive supplier peer group 2013 russell 3000 auto parts index , including american axle & manufacturing , borgwarner inc. , cooper tire & rubber company , dana holding corp. , delphi automotive plc , dorman products inc. , federal-mogul corp. , ford motor co. , fuel systems solutions inc. , general motors co. , gentex corp. , gentherm inc. , genuine parts co. , johnson controls inc. , lear corp. , lkq corp. , meritor inc. , standard motor products inc. , stoneridge inc. , superior industries international , tenneco inc. , tesla motors inc. , the goodyear tire & rubber co. , tower international inc. , visteon corp. , and wabco holdings inc . company index november 17 , december 31 , december 31 , december 31 , december 31 , december 31 .
| Company Index | November 17, 2011 | December 31, 2011 | December 31, 2012 | December 31, 2013 | December 31, 2014 | December 31, 2015 |
| :--- | :--- | :--- | :--- | :--- | :--- | :--- |
| Delphi Automotive PLC (1) | $100.00 | $100.98 | $179.33 | $285.81 | $350.82 | $418.67 |
| S&P 500 (2) | 100.00 | 100.80 | 116.93 | 154.80 | 175.99 | 178.43 |
| Automotive Supplier Peer Group (3) | 100.00 | 89.62 | 109.96 | 166.26 | 176.25 | 171.91 |
dividends the company has declared and paid cash dividends of $ 0.25 per ordinary share in each quarter of 2014 and 2015 . in addition , in january 2016 , the board of directors increased the annual dividend rate to $ 1.16 per ordinary share , and declared a regular quarterly cash dividend of $ 0.29 per ordinary share , payable on february 29 , 2016 to shareholders of record at the close of business on february 17 , 2016. .
|
string
| null |
dividends = 171.91
initial_investment = 100
answer = dividends - initial_investment
|
what is the percentage increase in the maximum aggregate amount that may be borrowed under the cp program from 2009 to 2011?
|
16.7000007629
|
CodeFinQA
|
the impairment tests performed for intangible assets as of july 31 , 2013 , 2012 and 2011 indicated no impairment charges were required . estimated amortization expense for finite-lived intangible assets for each of the five succeeding years is as follows : ( in millions ) .
| Year | Amount |
| :--- | :--- |
| 2014 | $ 156 |
| 2015 | 126 |
| 2016 | 91 |
| 2017 | 74 |
| 2018 | 24 |
indefinite-lived acquired management contracts in july 2013 , in connection with the credit suisse etf transaction , the company acquired $ 231 million of indefinite-lived management contracts . in march 2012 , in connection with the claymore transaction , the company acquired $ 163 million of indefinite-lived etp management contracts . finite-lived acquired management contracts in october 2013 , in connection with the mgpa transaction , the company acquired $ 29 million of finite-lived management contracts with a weighted-average estimated useful life of approximately eight years . in september 2012 , in connection with the srpep transaction , the company acquired $ 40 million of finite- lived management contracts with a weighted-average estimated useful life of approximately 10 years . 11 . other assets at march 31 , 2013 , blackrock held an approximately one- third economic equity interest in private national mortgage acceptance company , llc ( 201cpnmac 201d ) , which is accounted for as an equity method investment and is included in other assets on the consolidated statements of financial condition . on may 8 , 2013 , pennymac became the sole managing member of pnmac in connection with an initial public offering of pennymac ( the 201cpennymac ipo 201d ) . as a result of the pennymac ipo , blackrock recorded a noncash , nonoperating pre-tax gain of $ 39 million related to the carrying value of its equity method investment . subsequent to the pennymac ipo , the company contributed 6.1 million units of its investment to a new donor advised fund ( the 201ccharitable contribution 201d ) . the fair value of the charitable contribution was $ 124 million and is included in general and administration expenses on the consolidated statements of income . in connection with the charitable contribution , the company also recorded a noncash , nonoperating pre-tax gain of $ 80 million related to the contributed investment and a tax benefit of approximately $ 48 million . the carrying value and fair value of the company 2019s remaining interest ( approximately 20% ( 20 % ) or 16 million shares and units ) was approximately $ 127 million and $ 273 million , respectively , at december 31 , 2013 . the fair value of the company 2019s interest reflected the pennymac stock price at december 31 , 2013 ( level 1 input ) . 12 . borrowings short-term borrowings the carrying value of short-term borrowings at december 31 , 2012 included $ 100 million under the 2012 revolving credit facility . 2013 revolving credit facility . in march 2011 , the company entered into a five-year $ 3.5 billion unsecured revolving credit facility ( the 201c2011 credit facility 201d ) . in march 2012 , the 2011 credit facility was amended to extend the maturity date by one year to march 2017 and in april 2012 the amount of the aggregate commitment was increased to $ 3.785 billion ( the 201c2012 credit facility 201d ) . in march 2013 , the company 2019s credit facility was amended to extend the maturity date by one year to march 2018 and the amount of the aggregate commitment was increased to $ 3.990 billion ( the 201c2013 credit facility 201d ) . the 2013 credit facility permits the company to request up to an additional $ 1.0 billion of borrowing capacity , subject to lender credit approval , increasing the overall size of the 2013 credit facility to an aggregate principal amount not to exceed $ 4.990 billion . interest on borrowings outstanding accrues at a rate based on the applicable london interbank offered rate plus a spread . the 2013 credit facility requires the company not to exceed a maximum leverage ratio ( ratio of net debt to earnings before interest , taxes , depreciation and amortization , where net debt equals total debt less unrestricted cash ) of 3 to 1 , which was satisfied with a ratio of less than 1 to 1 at december 31 , 2013 . the 2013 credit facility provides back- up liquidity , funds ongoing working capital for general corporate purposes and funds various investment opportunities . at december 31 , 2013 , the company had no amount outstanding under the 2013 credit facility . commercial paper program . on october 14 , 2009 , blackrock established a commercial paper program ( the 201ccp program 201d ) under which the company could issue unsecured commercial paper notes ( the 201ccp notes 201d ) on a private placement basis up to a maximum aggregate amount outstanding at any time of $ 3.0 billion . on may 13 , 2011 , blackrock increased the maximum aggregate amount that may be borrowed under the cp program to $ 3.5 billion . on may 17 , 2012 , blackrock increased the maximum aggregate amount to $ 3.785 billion . in april 2013 , blackrock increased the maximum aggregate amount for which the company could issue unsecured cp notes on a private-placement basis up to a maximum aggregate amount outstanding at any time of $ 3.990 billion . the commercial paper program is currently supported by the 2013 credit facility . at december 31 , 2013 and 2012 , blackrock had no cp notes outstanding. .
|
string
| null |
increase = 3.5 - 3.0
decrease = 3.0 - 1.5
percent_increase = increase / 3.0
percent_decrease = decrease / 1.5
answer = percent_increase * 100
|
what is the value of operating expenses and other costs concerning the activities , in 2009?
|
8129
|
CodeFinQA
|
distribution xpedx , our north american merchant distribution business , distributes products and services to a number of customer markets including : commercial printers with printing papers and graphic pre-press , printing presses and post-press equipment ; building services and away-from-home markets with facility supplies ; manufacturers with packaging supplies and equipment ; and to a growing number of customers , we exclusively provide distribution capabilities including warehousing and delivery services . xpedx is the leading wholesale distribution marketer in these customer and product segments in north america , operating 122 warehouse locations and 130 retail stores in the united states , mexico and cana- forest products international paper owns and manages approx- imately 200000 acres of forestlands and develop- ment properties in the united states , mostly in the south . our remaining forestlands are managed as a portfolio to optimize the economic value to our shareholders . most of our portfolio represents prop- erties that are likely to be sold to investors and other buyers for various purposes . specialty businesses and other chemicals : this business was sold in the first quarter of 2007 . ilim holding s.a . in october 2007 , international paper and ilim holding s.a . ( ilim ) completed a 50:50 joint venture to operate a pulp and paper business located in russia . ilim 2019s facilities include three paper mills located in bratsk , ust-ilimsk , and koryazhma , russia , with combined total pulp and paper capacity of over 2.5 million tons . ilim has exclusive harvesting rights on timberland and forest areas exceeding 12.8 million acres ( 5.2 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 pro- duction , 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 effi- ciency and product mix . industrial packaging results for 2009 and 2008 include the cbpr business acquired in the 2008 third quarter . net sales for 2009 increased 16% ( 16 % ) to $ 8.9 billion compared with $ 7.7 billion in 2008 , and 69% ( 69 % ) compared with $ 5.2 billion in 2007 . operating profits were 95% ( 95 % ) higher in 2009 than in 2008 and more than double 2007 levels . benefits from higher total year-over-year shipments , including the impact of the cbpr business , ( $ 11 million ) , favorable operating costs ( $ 294 million ) , and lower raw material and freight costs ( $ 295 million ) were parti- ally offset by the effects of lower price realizations ( $ 243 million ) , higher corporate overhead allocations ( $ 85 million ) , incremental integration costs asso- ciated with the acquisition of the cbpr business ( $ 3 million ) and higher other costs ( $ 7 million ) . additionally , operating profits in 2009 included a gain of $ 849 million relating to alternative fuel mix- ture credits , u.s . plant closure costs of $ 653 million , and costs associated with the shutdown of the eti- enne mill in france of $ 87 million . industrial packaging in millions 2009 2008 2007 .
| <i>In millions</i> | 2009 | 2008 | 2007 |
| :--- | :--- | :--- | :--- |
| Sales | $8,890 | $7,690 | $5,245 |
| Operating Profit | 761 | 390 | 374 |
north american industrial packaging results include the net sales and operating profits of the cbpr business from the august 4 , 2008 acquis- ition date . net sales were $ 7.6 billion in 2009 com- pared with $ 6.2 billion in 2008 and $ 3.9 billion in 2007 . operating profits in 2009 were $ 791 million ( $ 682 million excluding alternative fuel mixture cred- its , mill closure costs and costs associated with the cbpr integration ) compared with $ 322 million ( $ 414 million excluding charges related to the write-up of cbpr inventory to fair value , cbpr integration costs and other facility closure costs ) in 2008 and $ 305 million in 2007 . excluding the effect of the cbpr acquisition , con- tainerboard and box shipments were lower in 2009 compared with 2008 reflecting weaker customer demand . average sales price realizations were sig- nificantly lower for both containerboard and boxes due to weaker world-wide economic conditions . however , average sales margins for boxes .
|
string
| null |
sales = 8890
operating_profit = 761
answer = sales - operating_profit
|
what was the percentage change in rental income from 2007 to 2008?
|
28
|
CodeFinQA
|
the pension plan investments are held in a master trust , with the northern trust company . investments in the master trust are valued at fair value , which has been determined based on fair value of the underlying investments of the master trust . investments in securities traded on public security exchanges are valued at their closing market prices on the valuation date ; where no sale was made on the valuation date , the security is generally valued at its most recent bid price . certain short-term investments are carried at cost , which approximates fair value . investments in registered investment companies and common trust funds , which primarily invest in stocks , bonds , and commodity futures , are valued using publicly available market prices for the underlying investments held by these entities . the majority of pension plan assets are invested in equity securities , because equity portfolios have historically provided higher returns than debt and other asset classes over extended time horizons , and are expected to do so in the future . correspondingly , equity investments also entail greater risks than other investments . equity risks are balanced by investing a significant portion of the plan 2019s assets in high quality debt securities . the average quality rating of the debt portfolio exceeded aa as of december 31 , 2008 and 2007 . the debt portfolio is also broadly diversified and invested primarily in u.s . treasury , mortgage , and corporate securities with an intermediate average maturity . the weighted-average maturity of the debt portfolio was 5 years at both december 31 , 2008 and 2007 , respectively . the investment of pension plan assets in securities issued by union pacific is specifically prohibited for both the equity and debt portfolios , other than through index fund holdings . other retirement programs thrift plan 2013 we provide a defined contribution plan ( thrift plan ) to eligible non-union employees and make matching contributions to the thrift plan . we match 50 cents for each dollar contributed by employees up to the first six percent of compensation contributed . our thrift plan contributions were $ 14 million in 2008 , $ 14 million in 2007 , and $ 13 million in 2006 . railroad retirement system 2013 all railroad employees are covered by the railroad retirement system ( the system ) . contributions made to the system are expensed as incurred and amounted to approximately $ 620 million in 2008 , $ 616 million in 2007 , and $ 615 million in 2006 . collective bargaining agreements 2013 under collective bargaining agreements , we provide certain postretirement healthcare and life insurance benefits for eligible union employees . premiums under the plans are expensed as incurred and amounted to $ 49 million in 2008 and $ 40 million in both 2007 and 5 . other income other income included the following for the years ended december 31 : millions of dollars 2008 2007 2006 .
| <i>Millions of Dollars</i> | 2008 | 2007 | 2006 |
| :--- | :--- | :--- | :--- |
| Rental income | $87 | $68 | $83 |
| Net gain on non-operating asset dispositions | 41 | 52 | 72 |
| Interest income | 21 | 50 | 29 |
| Sale of receivables fees | (23) | (35) | (33) |
| Non-operating environmental costs and other | (34) | (19) | (33) |
| Total | $92 | $116 | $118 |
.
|
string
| null |
rental_income_2008 = 87
rental_income_2007 = 68
change = rental_income_2008 - rental_income_2007
percent_change = change / rental_income_2007
answer = percent_change * 100
|
what was the percentage change in cash provided by operating activities between 2005 and 2006?
|
11
|
CodeFinQA
|
liquidity and capital resources as of december 31 , 2006 , our principal sources of liquidity included cash , cash equivalents , the sale of receivables , and our revolving credit facilities , as well as the availability of commercial paper and other sources of financing through the capital markets . we had $ 2 billion of committed credit facilities available , of which there were no borrowings outstanding as of december 31 , 2006 , and we did not make any short-term borrowings under these facilities during the year . the value of the outstanding undivided interest held by investors under the sale of receivables program was $ 600 million as of december 31 , 2006 . the sale of receivables program is subject to certain requirements , including the maintenance of an investment grade bond rating . if our bond rating were to deteriorate , it could have an adverse impact on our liquidity . access to commercial paper is dependent on market conditions . deterioration of our operating results or financial condition due to internal or external factors could negatively impact our ability to utilize commercial paper as a source of liquidity . liquidity through the capital markets is also dependent on our financial stability . at both december 31 , 2006 and 2005 , we had a working capital deficit of approximately $ 1.1 billion . a working capital deficit is common in our industry and does not indicate a lack of liquidity . we maintain adequate resources to meet our daily cash requirements , and we have sufficient financial capacity to satisfy our current liabilities . financial condition cash flows millions of dollars 2006 2005 2004 .
| <i>Cash Flows</i><i>Millions of Dollars</i> | 2006 | 2005 | 2004 |
| :--- | :--- | :--- | :--- |
| Cash provided by operating activities | $2,880 | $2,595 | $2,257 |
| Cash used in investing activities | (2,042) | (2,047) | (1,732) |
| Cash used in financing activities | (784) | (752) | (75) |
| Net change in cash and cash equivalents | $54 | $(204) | $450 |
cash provided by operating activities 2013 higher income in 2006 generated the increased cash provided by operating activities , which was partially offset by higher income tax payments , $ 150 million in voluntary pension contributions , higher material and supply inventories , and higher management incentive payments in 2006 . higher income , lower management incentive payments in 2005 ( executive bonuses , which would have been paid to individuals in 2005 , were not awarded based on company performance in 2004 and bonuses for the professional workforce that were paid out in 2005 were significantly reduced ) , and working capital performance generated higher cash from operating activities in 2005 . a voluntary pension contribution of $ 100 million in 2004 also augmented the positive year-over-year variance in 2005 as no pension contribution was made in 2005 . this improvement was partially offset by cash received in 2004 for income tax refunds . cash used in investing activities 2013 an insurance settlement for the 2005 january west coast storm and lower balances for work in process decreased the amount of cash used in investing activities in 2006 . higher capital investments and lower proceeds from asset sales partially offset this decrease . increased capital spending , partially offset by higher proceeds from asset sales , increased the amount of cash used in investing activities in 2005 compared to 2004 . cash used in financing activities 2013 the increase in cash used in financing activities primarily resulted from lower net proceeds from equity compensation plans ( $ 189 million in 2006 compared to $ 262 million in 2005 ) . the increase in 2005 results from debt issuances in 2004 and higher debt repayments in 2005 . we did not issue debt in 2005 versus $ 745 million of debt issuances in 2004 , and we repaid $ 699 million of debt in 2005 compared to $ 588 million in 2004 . the higher outflows in 2005 were partially offset by higher net proceeds from equity compensation plans ( $ 262 million in 2005 compared to $ 80 million in 2004 ) . .
|
string
| null |
cash_2006 = 2880
cash_2005 = 2595
change = cash_2006 - cash_2005
percent_change = change / cash_2005
answer = percent_change * 100
|
what is the percentage increase from 2008 customer satisfaction index to the 2010 customer satisfaction index?
|
7.1999998093
|
CodeFinQA
|
operating/performance statistics railroad performance measures reported to the aar , as well as other performance measures , are included in the table below : 2010 2009 2008 % ( % ) change 2010 v 2009 % ( % ) change 2009 v 2008 .
| | <i>2010</i> | <i>2009</i> | <i>2008</i> | <i>% Change</i> <i>2010 v 2009</i> | <i>% Change</i><i>2009 v 2008</i> |
| :--- | :--- | :--- | :--- | :--- | :--- |
| Average train speed (miles per hour) | 26.2 | 27.3 | 23.5 | (4)% | 16% |
| Average terminal dwell time (hours) | 25.4 | 24.8 | 24.9 | 2% | - |
| Average rail car inventory (thousands) | 274.4 | 283.1 | 300.7 | (3)% | (6)% |
| Gross ton-miles (billions) | 932.4 | 846.5 | 1,020.4 | 10% | (17)% |
| Revenue ton-miles (billions) | 520.4 | 479.2 | 562.6 | 9% | (15)% |
| Operating ratio | 70.6 | 76.1 | 77.4 | (5.5) pt | (1.3) pt |
| Employees (average) | 42,884 | 43,531 | 48,242 | (1)% | (10)% |
| Customer satisfaction index | 89 | 88 | 83 | 1 pt | 5 pt |
average train speed 2013 average train speed is calculated by dividing train miles by hours operated on our main lines between terminals . maintenance activities and weather disruptions , combined with higher volume levels , led to a 4% ( 4 % ) decrease in average train speed in 2010 compared to a record set in 2009 . overall , we continued operating a fluid and efficient network during the year . lower volume levels , ongoing network management initiatives , and productivity improvements contributed to a 16% ( 16 % ) improvement in average train speed in 2009 compared to 2008 . average terminal dwell time 2013 average terminal dwell time is the average time that a rail car spends at our terminals . lower average terminal dwell time improves asset utilization and service . average terminal dwell time increased 2% ( 2 % ) in 2010 compared to 2009 , driven in part by our network plan to increase the length of numerous trains to improve overall efficiency , which resulted in higher terminal dwell time for some cars . average terminal dwell time improved slightly in 2009 compared to 2008 due to lower volume levels combined with initiatives to expedite delivering rail cars to our interchange partners and customers . average rail car inventory 2013 average rail car inventory is the daily average number of rail cars on our lines , including rail cars in storage . lower average rail car inventory reduces congestion in our yards and sidings , which increases train speed , reduces average terminal dwell time , and improves rail car utilization . average rail car inventory decreased 3% ( 3 % ) in 2010 compared to 2009 , while we handled 13% ( 13 % ) increases in carloads during the period compared to 2009 . we maintained more freight cars off-line and retired a number of old freight cars , which drove the decreases . average rail car inventory decreased 6% ( 6 % ) in 2009 compared to 2008 driven by a 16% ( 16 % ) decrease in volume . in addition , as carloads decreased , we stored more freight cars off-line . gross and revenue ton-miles 2013 gross ton-miles are calculated by multiplying the weight of loaded and empty freight cars by the number of miles hauled . revenue ton-miles are calculated by multiplying the weight of freight by the number of tariff miles . gross and revenue-ton-miles increased 10% ( 10 % ) and 9% ( 9 % ) in 2010 compared to 2009 due to a 13% ( 13 % ) increase in carloads . commodity mix changes ( notably automotive shipments ) drove the variance in year-over-year growth between gross ton-miles , revenue ton-miles and carloads . gross and revenue ton-miles decreased 17% ( 17 % ) and 15% ( 15 % ) in 2009 compared to 2008 due to a 16% ( 16 % ) decrease in carloads . commodity mix changes ( notably automotive shipments , which were 30% ( 30 % ) lower in 2009 versus 2008 ) drove the difference in declines between gross ton-miles and revenue ton- miles . operating ratio 2013 operating ratio is defined as our operating expenses as a percentage of operating revenue . our operating ratio improved 5.5 points to 70.6% ( 70.6 % ) in 2010 and 1.3 points to 76.1% ( 76.1 % ) in 2009 . efficiently leveraging volume increases , core pricing gains , and productivity initiatives drove the improvement in 2010 and more than offset the impact of higher fuel prices during the year . core pricing gains , lower fuel prices , network management initiatives , and improved productivity drove the improvement in 2009 and more than offset the 16% ( 16 % ) volume decline . employees 2013 employee levels were down 1% ( 1 % ) in 2010 compared to 2009 despite a 13% ( 13 % ) increase in volume levels . we leveraged the additional volumes through network efficiencies and other productivity initiatives . in addition , we successfully managed the growth of our full-time-equivalent train and engine force levels at a rate less than half of our carload growth in 2010 . all other operating functions and .
|
string
| null |
increase = 89 - 83
decrease = 83 - 88
percent_increase = increase / 83
percent_decrease = decrease / 88
answer = percent_increase * 100
|
what percent of the total purchase price net of cash acquired was property plant and equipment?
|
24
|
CodeFinQA
|
58 2018 ppg annual report and 10-k the crown group on october 2 , 2017 , ppg acquired the crown group ( 201ccrown 201d ) , a u.s.-based coatings application services business , which is reported as part of ppg's industrial coatings reportable segment . crown is one of the leading component and product finishers in north america . crown applies coatings to customers 2019 manufactured parts and assembled products at 11 u.s . sites . most of crown 2019s facilities , which also provide assembly , warehousing and sequencing services , are located at customer facilities or positioned near customer manufacturing sites . the company serves manufacturers in the automotive , agriculture , construction , heavy truck and alternative energy industries . the pro-forma impact on ppg's sales and results of operations , including the pro forma effect of events that are directly attributable to the acquisition , was not significant . the results of this business since the date of acquisition have been reported within the industrial coatings business within the industrial coatings reportable segment . taiwan chlorine industries taiwan chlorine industries ( 201ctci 201d ) was established in 1986 as a joint venture between ppg and china petrochemical development corporation ( 201ccpdc 201d ) to produce chlorine-based products in taiwan , at which time ppg owned 60 percent of the venture . in conjunction with the 2013 separation of its commodity chemicals business , ppg conveyed to axiall corporation ( "axiall" ) its 60% ( 60 % ) ownership interest in tci . under ppg 2019s agreement with cpdc , if certain post-closing conditions were not met following the three year anniversary of the separation , cpdc had the option to sell its 40% ( 40 % ) ownership interest in tci to axiall for $ 100 million . in turn , axiall had a right to designate ppg as its designee to purchase the 40% ( 40 % ) ownership interest of cpdc . in april 2016 , axiall announced that cpdc had decided to sell its ownership interest in tci to axiall . in june 2016 , axiall formally designated ppg to purchase the 40% ( 40 % ) ownership interest in tci . in august 2016 , westlake chemical corporation acquired axiall , which became a wholly-owned subsidiary of westlake . in april 2017 , ppg finalized its purchase of cpdc 2019s 40% ( 40 % ) ownership interest in tci . the difference between the acquisition date fair value and the purchase price of ppg 2019s 40% ( 40 % ) ownership interest in tci has been recorded as a loss in discontinued operations during the year-ended december 31 , 2017 . ppg 2019s ownership in tci is accounted for as an equity method investment and the related equity earnings are reported within other income in the consolidated statement of income and in legacy in note 20 , 201creportable business segment information . 201d metokote corporation in july 2016 , ppg completed the acquisition of metokote corporation ( "metokote" ) , a u.s.-based coatings application services business . metokote applies coatings to customers' manufactured parts and assembled products . it operates on- site coatings services within several customer manufacturing locations , as well as at regional service centers , located throughout the u.s. , canada , mexico , the united kingdom , germany , hungary and the czech republic . customers ship parts to metokote ae service centers where they are treated to enhance paint adhesion and painted with electrocoat , powder or liquid coatings technologies . coated parts are then shipped to the customer 2019s next stage of assembly . metokote coats an average of more than 1.5 million parts per day . the following table summarizes the estimated fair value of assets acquired and liabilities assumed as reflected in the final purchase price allocation for metokote . ( $ in millions ) .
| Current assets | $38 |
| :--- | :--- |
| Property, plant, and equipment | 73 |
| Identifiable intangible assets with finite lives | 86 |
| Goodwill | 166 |
| Deferred income taxes<sup>(a)</sup> | (12) |
| Total assets | $351 |
| Current liabilities | (23) |
| Other long-term liabilities | (22) |
| Total liabilities | ($45) |
| Total purchase price, net of cash acquired | $306 |
( a ) the net deferred income tax liability is included in assets due to the company's tax jurisdictional netting . the pro-forma impact on ppg's sales and results of operations , including the pro forma effect of events that are directly attributable to the acquisition , was not significant . while calculating this impact , no cost savings or operating synergies that may result from the acquisition were included . the results of this business since the date of acquisition have been reported within the industrial coatings business within the industrial coatings reportable segment . notes to the consolidated financial statements .
|
string
| null |
property_plant_equipment = 73
purchase_price = 306
percent_property_plant_equipment = property_plant_equipment / purchase_price
answer = percent_property_plant_equipment * 100
|
what is the percentage of europemiddle east& africa's sites concerning all electrical/electronic architecture sites?
|
29.1100006104
|
CodeFinQA
|
item 2 . properties as of december 31 , 2014 , we owned or leased 129 major manufacturing sites and 15 major technical centers in 33 countries . a manufacturing site may include multiple plants and may be wholly or partially owned or leased . we also have many smaller manufacturing sites , sales offices , warehouses , engineering centers , joint ventures and other investments strategically located throughout the world . the following table shows the regional distribution of our major manufacturing sites by the operating segment that uses such facilities : north america europe , middle east & africa asia pacific south america total .
| | North America | Europe,Middle East& Africa | Asia Pacific | South America | Total |
| :--- | :--- | :--- | :--- | :--- | :--- |
| Electrical/Electronic Architecture | 29 | 23 | 20 | 7 | 79 |
| Powertrain Systems | 4 | 10 | 6 | 2 | 22 |
| Electronics and Safety | 3 | 9 | 3 | 1 | 16 |
| Thermal Systems | 3 | 3 | 5 | 1 | 12 |
| Total | 39 | 45 | 34 | 11 | 129 |
in addition to these manufacturing sites , we had 15 major technical centers : five in north america ; five in europe , middle east and africa ; four in asia pacific ; and one in south america . of our 129 major manufacturing sites and 15 major technical centers , which include facilities owned or leased by our consolidated subsidiaries , 83 are primarily owned and 61 are primarily leased . we frequently review our real estate portfolio and develop footprint strategies to support our customers 2019 global plans , while at the same time supporting our technical needs and controlling operating expenses . we believe our evolving portfolio will meet current and anticipated future needs . item 3 . legal proceedings we are from time to time subject to various actions , claims , suits , government investigations , and other proceedings incidental to our business , including those arising out of alleged defects , breach of contracts , competition and antitrust matters , product warranties , intellectual property matters , personal injury claims and employment-related matters . it is our opinion that the outcome of such matters will not have a material adverse impact on our consolidated financial position , results of operations , or cash flows . with respect to warranty matters , although we cannot ensure that the future costs of warranty claims by customers will not be material , we believe our established reserves are adequate to cover potential warranty settlements . however , the final amounts required to resolve these matters could differ materially from our recorded estimates . gm ignition switch recall in the first quarter of 2014 , gm , delphi 2019s largest customer , initiated a product recall related to ignition switches . delphi has received requests for information from , and is cooperating with , various government agencies related to this ignition switch recall . in addition , delphi has been named as a co-defendant along with gm ( and in certain cases other parties ) in product liability and class action lawsuits related to this matter . during the second quarter of 2014 , all of the class action cases were transferred to the united states district court for the southern district of new york ( the 201cdistrict court 201d ) for coordinated pretrial proceedings . two consolidated amended class action complaints were filed in the district court on october 14 , 2014 . delphi was not named as a defendant in either complaint . delphi believes the allegations contained in the product liability cases are without merit , and intends to vigorously defend against them . although no assurances can be made as to the ultimate outcome of these or any other future claims , delphi does not believe a loss is probable and , accordingly , no reserve has been made as of december 31 , 2014 . unsecured creditors litigation under the terms of the fourth amended and restated limited liability partnership agreement of delphi automotive llp ( the 201cfourth llp agreement 201d ) , if cumulative distributions to the members of delphi automotive llp under certain provisions of the fourth llp agreement exceed $ 7.2 billion , delphi , as disbursing agent on behalf of dphh , is required to pay to the holders of allowed general unsecured claims against old delphi , $ 32.50 for every $ 67.50 in excess of $ 7.2 billion distributed to the members , up to a maximum amount of $ 300 million . in december 2014 , a complaint was filed in the bankruptcy court alleging that the redemption by delphi automotive llp of the membership interests of gm and the pbgc , and the repurchase of shares and payment of dividends by delphi automotive plc , constituted distributions under the terms of the fourth llp agreement approximating $ 7.2 billion . delphi considers cumulative distributions through december 31 , 2014 to be substantially below the $ 7.2 billion threshold , and intends to vigorously contest the allegations set forth in the complaint . accordingly , no accrual for this matter has been recorded as of december 31 , 2014. .
|
string
| null |
doors_europe = 23
doors_total = 79
percent_europe = doors_europe / doors_total
answer = percent_europe * 100
|
what was the distribution profit margin in 2011
|
0.5099999905
|
CodeFinQA
|
input costs for board and resin are expected to be flat and operating costs are expected to decrease . european consumer packaging net sales in 2013 were $ 380 million compared with $ 380 million in 2012 and $ 375 million in 2011 . operating profits in 2013 were $ 100 million compared with $ 99 million in 2012 and $ 93 million in 2011 . sales volumes in 2013 decreased from 2012 in both the european and russian markets . average sales price realizations were significantly higher in the russian market , but were lower in europe . input costs were flat year-over-year . planned maintenance downtime costs were higher in 2013 than in 2012 . looking forward to the first quarter of 2014 , sales volumes compared with the fourth quarter of 2013 are expected to be about flat . average sales price realizations are expected to be higher in both russia and europe . input costs are expected to increase for wood and energy , but decrease for purchased pulp . there are no maintenance outages scheduled for the first quarter , however the kwidzyn mill will have additional costs associated with the rebuild of a coated board machine . asian consumer packaging net sales were $ 1.1 billion in 2013 compared with $ 830 million in 2012 and $ 855 million in 2011 . operating profits in 2013 were a loss of $ 2 million compared with gains of $ 4 million in 2012 and $ 35 million in 2011 . sales volumes increased in 2013 compared with 2012 , reflecting the ramp-up of a new coated paperboard machine installed in 2012 . however , average sales price realizations were significantly lower , reflecting competitive pressure on sales prices which squeezed margins and created an unfavorable product mix . lower input costs were offset by higher freight costs . in 2012 , start-up costs for the new coated paperboard machine adversely impacted operating profits . in the first quarter of 2014 , sales volumes are expected to increase slightly . average sales price realizations are expected to be flat reflecting continuing competitive pressures . input costs are expected be higher for pulp , energy and chemicals . the business will drive margin improvement through operational excellence and better distribution xpedx , our distribution business , is one of north america 2019s leading business-to-business distributors to manufacturers , facility managers and printers , providing customized solutions that are designed to improve efficiency , reduce costs and deliver results . customer demand is generally sensitive to changes in economic conditions and consumer behavior , along with segment specific activity including corporate advertising and promotional spending , government spending and domestic manufacturing activity . distribution 2019s margins are relatively stable across an economic cycle . providing customers with the best choice for value in both products and supply chain services is a key competitive factor . additionally , efficient customer service , cost-effective logistics and focused working capital management are key factors in this segment 2019s profitability . distribution .
| In millions | 2013 | 2012 | 2011 |
| :--- | :--- | :--- | :--- |
| Sales | $5,650 | $6,040 | $6,630 |
| Operating Profit | (389) | 22 | 34 |
distribution 2019s 2013 annual sales decreased 6% ( 6 % ) from 2012 , and decreased 15% ( 15 % ) from 2011 . operating profits in 2013 were a loss of $ 389 million ( a gain of $ 43 million excluding goodwill impairment charges and reorganization costs ) compared with $ 22 million ( $ 71 million excluding reorganization costs ) in 2012 and $ 34 million ( $ 86 million excluding reorganization costs ) in annual sales of printing papers and graphic arts supplies and equipment totaled $ 3.2 billion in 2013 compared with $ 3.5 billion in 2012 and $ 4.0 billion in 2011 reflecting declining demand and the discontinuation of a distribution agreement with a large manufacturer of graphic supplies . trade margins as a percent of sales for printing papers were down from both 2012 and 2011 . revenue from packaging products was flat at $ 1.6 billion in 2013 , 2012 and 2011 despite the significant decline of a large high-tech customer's business . packaging margins remained flat to the 2012 level , and up from 2011 . facility supplies annual revenue was $ 845 million in 2013 , down from $ 944 million in 2012 and $ 981 million in 2011 . operating profits in 2013 included a goodwill impairment charge of $ 400 million and reorganization costs for severance , professional services and asset write-downs of $ 32 million . operating profits in 2012 and 2011 included reorganization costs of $ 49 million and $ 52 million , respectively . looking ahead to the 2014 first quarter , operating profits will be seasonally lower , but will continue to reflect the benefits of strategic and other cost reduction initiatives. .
|
string
| null |
profit_margin = 34
revenue = 6630
answer = profit_margin / revenue * 100
|
what was the specialty business profit margin in 2006
|
6.5199999809
|
CodeFinQA
|
expenses decreased to $ 23 million from $ 115 million in 2006 and $ 146 million in 2005 , reflecting the reduced level of operations . operating profits for the real estate division , which principally sells higher-and-better-use properties , were $ 32 million , $ 124 million and $ 198 million in 2007 , 2006 and 2005 , respectively . looking forward to 2008 , operating profits are expected to decline significantly , reflecting the reduced level of forestland holdings . operating earn- ings will primarily reflect the periodic sales of remaining acreage , and can be expected to vary from quarter to quarter depending on the timing of sale transactions . specialty businesses and other the specialty businesses and other segment princi- pally includes the operating results of the arizona chemical business as well as certain smaller busi- nesses . the arizona chemical business was sold in february 2007 . thus , operating results in 2007 reflect only two months of activity . specialty businesses and other in millions 2007 2006 2005 .
| <i>In millions</i> | 2007 | 2006 | 2005 |
| :--- | :--- | :--- | :--- |
| Sales | $135 | $935 | $915 |
| Operating Profit | $6 | $61 | $4 |
liquidity and capital resources overview a major factor in international paper 2019s liquidity and capital resource planning is its generation of operat- ing cash flow , which is highly sensitive to changes in the pricing and demand for our major products . while changes in key cash operating costs , such as energy , raw material and transportation costs , do have an effect on operating cash generation , we believe that our strong focus on cost controls has improved our cash flow generation over an operat- ing cycle . as part of our continuing focus on improving our return on investment , we have focused our capital spending on improving our key paper and packaging businesses both globally and in north america . financing activities in 2007 continued the focus on the transformation plan objectives of returning value to shareholders through additional repurchases of common stock and strengthening the balance sheet through further reductions of management believes it is important for interna- tional paper to maintain an investment-grade credit rating to facilitate access to capital markets on favorable terms . at december 31 , 2007 , the com- pany held long-term credit ratings of bbb ( stable outlook ) and baa3 ( stable outlook ) by standard & poor 2019s ( s&p ) and moody 2019s investor services ( moody 2019s ) , respectively . cash provided by operations cash provided by continuing operations totaled $ 1.9 billion , compared with $ 1.0 billion for 2006 and $ 1.2 billion for 2005 . the 2006 amount is net of a $ 1.0 bil- lion voluntary cash pension plan contribution made in the fourth quarter of 2006 . the major components of cash provided by continuing operations are earn- ings from continuing operations adjusted for non-cash income and expense items and changes in working capital . earnings from continuing oper- ations , adjusted for non-cash items and excluding the pension contribution in 2006 , increased by $ 123 million in 2007 versus 2006 . this compared with an increase of $ 584 million for 2006 over 2005 . international paper 2019s investments in accounts receiv- able and inventory less accounts payable and accrued liabilities , totaled $ 1.7 billion at december 31 , 2007 . cash used for these working capital components increased by $ 539 million in 2007 , compared with a $ 354 million increase in 2006 and a $ 558 million increase in 2005 . investment activities investment activities in 2007 included the receipt of $ 1.7 billion of additional cash proceeds from divest- itures , and the use of $ 239 million for acquisitions and $ 578 million for an investment in a 50% ( 50 % ) equity interest in ilim holding s.a . in russia . capital spending from continuing operations was $ 1.3 billion in 2007 , or 119% ( 119 % ) of depreciation and amortization , comparable to $ 1.0 billion , or 87% ( 87 % ) of depreciation and amortization in 2006 , and $ 992 mil- lion , or 78% ( 78 % ) of depreciation and amortization in 2005 . the increase in 2007 reflects spending for the con- version of the pensacola paper machine to the pro- duction of linerboard , a fluff pulp project at our riegelwood mill , and a specialty pulp production project at our svetogorsk mill in russia , all of which were part of the company 2019s transformation plan. .
|
string
| null |
operating_profit = 61
sales = 935
answer = operating_profit / sales * 100
|
what percentage of international facilities' square footage is from owned facilities?\\n
|
76.3799972534
|
CodeFinQA
|
the agreements that govern the indebtedness incurred or assumed in connection with the acquisition contain various covenants that impose restrictions on us and certain of our subsidiaries that may affect our ability to operate our businesses . the agreements that govern the indebtedness incurred or assumed in connection with the carefusion transaction contain various affirmative and negative covenants that may , subject to certain significant exceptions , restrict our ability and the ability of certain of our subsidiaries ( including carefusion ) to , among other things , have liens on their property , transact business with affiliates and/or merge or consolidate with any other person or sell or convey certain of our assets to any one person . in addition , some of the agreements that govern our indebtedness contain financial covenants that will require us to maintain certain financial ratios . our ability and the ability of our subsidiaries to comply with these provisions may be affected by events beyond our control . failure to comply with these covenants could result in an event of default , which , if not cured or waived , could accelerate our repayment obligations . item 1b . unresolved staff comments . item 2 . properties . bd 2019s executive offices are located in franklin lakes , new jersey . as of october 31 , 2016 , bd owned or leased 255 facilities throughout the world , comprising approximately 19796011 square feet of manufacturing , warehousing , administrative and research facilities . the u.s . facilities , including those in puerto rico , comprise approximately 7459856 square feet of owned and 2923257 square feet of leased space . the international facilities comprise approximately 7189652 square feet of owned and 2223245 square feet of leased space . sales offices and distribution centers included in the total square footage are also located throughout the world . operations in each of bd 2019s business segments are conducted at both u.s . and international locations . particularly in the international marketplace , facilities often serve more than one business segment and are used for multiple purposes , such as administrative/sales , manufacturing and/or warehousing/distribution . bd generally seeks to own its manufacturing facilities , although some are leased . the following table summarizes property information by business segment. .
| Sites | Corporate | BD Life Sciences | BD Medical | Mixed(A) | Total |
| :--- | :--- | :--- | :--- | :--- | :--- |
| Leased | 11 | 19 | 75 | 92 | 195 |
| Owned | 3 | 15 | 31 | 121 | 60 |
| Total | 14 | 34 | 106 | 103 | 255 |
| Square feet | 1,425,720 | 4,337,963 | 9,891,908 | 4,140,420 | 19,796,011 |
( a ) facilities used by more than one business segment . bd believes that its facilities are of good construction and in good physical condition , are suitable and adequate for the operations conducted at those facilities , and are , with minor exceptions , fully utilized and operating at normal capacity . the u.s . facilities are located in alabama , arizona , california , connecticut , florida , georgia , illinois , indiana , maryland , massachusetts , michigan , nebraska , new jersey , north carolina , ohio , oklahoma , south carolina , texas , utah , virginia , washington , d.c. , washington , wisconsin and puerto rico . the international facilities are as follows : - europe , middle east , africa , which includes facilities in austria , belgium , bosnia and herzegovina , the czech republic , denmark , england , finland , france , germany , ghana , hungary , ireland , italy , kenya , luxembourg , netherlands , norway , poland , portugal , russia , saudi arabia , south africa , spain , sweden , switzerland , turkey , the united arab emirates and zambia. .
|
string
| null |
owned_int = 7189652
leased_int = 2223245
owned_total = owned_int + leased_int
percent_owned = owned_int / owned_total
answer = percent_owned * 100
|
what is the growth rate in net earnings attributable to altria group inc . in 2016?
|
171.6999969482
|
CodeFinQA
|
10-k altria ar release tuesday , february 27 , 2018 10:00pm andra design llc performance stock units : in january 2017 , altria group , inc . granted an aggregate of 187886 performance stock units to eligible employees . the payout of the performance stock units requires the achievement of certain performance measures , which were predetermined at the time of grant , over a three-year performance cycle . these performance measures consist of altria group , inc . 2019s adjusted diluted earnings per share ( 201ceps 201d ) compounded annual growth rate and altria group , inc . 2019s total shareholder return relative to a predetermined peer group . the performance stock units are also subject to forfeiture if certain employment conditions are not met . at december 31 , 2017 , altria group , inc . had 170755 performance stock units remaining , with a weighted-average grant date fair value of $ 70.39 per performance stock unit . the fair value of the performance stock units at the date of grant , net of estimated forfeitures , is amortized to expense over the performance period . altria group , inc . recorded pre-tax compensation expense related to performance stock units for the year ended december 31 , 2017 of $ 6 million . the unamortized compensation expense related to altria group , inc . 2019s performance stock units was $ 7 million at december 31 , 2017 . altria group , inc . did not grant any performance stock units during 2016 and 2015 . note 12 . earnings per share basic and diluted eps were calculated using the following: .
| | For the Years Ended December 31, |
| :--- | :--- |
| (in millions) | 2017 | 2016 | 2015 |
| Net earnings attributable to Altria Group, Inc. | $10,222 | $14,239 | $5,241 |
| Less: Distributed and undistributed earnings attributable to share-based awards | (14) | (24) | (10) |
| Earnings for basic and diluted EPS | $10,208 | $14,215 | $5,231 |
| Weighted-average shares for basic and diluted EPS | 1,921 | 1,952 | 1,961 |
net earnings attributable to altria group , inc . $ 10222 $ 14239 $ 5241 less : distributed and undistributed earnings attributable to share-based awards ( 14 ) ( 24 ) ( 10 ) earnings for basic and diluted eps $ 10208 $ 14215 $ 5231 weighted-average shares for basic and diluted eps 1921 1952 1961 .
|
string
| null |
earnings_attributable = 14239 - 5241
shares_based_awards = 5241
growth_rate = earnings_attributable / shares_based_awards
answer = growth_rate * 100
|
what portion of total contractual obligations is expected to be paid as interest payments?
|
28.5
|
CodeFinQA
|
bhge 2018 form 10-k | 41 estimate would equal up to 5% ( 5 % ) of annual revenue . the expenditures are expected to be used primarily for normal , recurring items necessary to support our business . we also anticipate making income tax payments in the range of $ 425 million to $ 475 million in 2019 . contractual obligations in the table below , we set forth our contractual obligations as of december 31 , 2018 . certain amounts included in this table are based on our estimates and assumptions about these obligations , including their duration , anticipated actions by third parties and other factors . the contractual obligations we will actually pay in future periods may vary from those reflected in the table because the estimates and assumptions are subjective. .
| | Payments Due by Period |
| :--- | :--- |
| (In millions) | Total | Less Than1 Year | 1 - 3Years | 4 - 5Years | More Than5 Years |
| Total debt and capital lease obligations<sup>(1)</sup> | $6,989 | $942 | $562 | $1,272 | $4,213 |
| Estimated interest payments<sup>(2)</sup> | 3,716 | 239 | 473 | 404 | 2,600 |
| Operating leases<sup>(3)</sup> | 846 | 186 | 262 | 132 | 266 |
| Purchase obligations<sup>(4)</sup> | 1,507 | 1,388 | 86 | 25 | 8 |
| Total | $13,058 | $2,755 | $1,383 | $1,833 | $7,087 |
( 1 ) amounts represent the expected cash payments for the principal amounts related to our debt , including capital lease obligations . amounts for debt do not include any deferred issuance costs or unamortized discounts or premiums including step up in the value of the debt on the acquisition of baker hughes . expected cash payments for interest are excluded from these amounts . total debt and capital lease obligations includes $ 896 million payable to ge and its affiliates . as there is no fixed payment schedule on the amount payable to ge and its affiliates we have classified it as payable in less than one year . ( 2 ) amounts represent the expected cash payments for interest on our long-term debt and capital lease obligations . ( 3 ) amounts represent the future minimum payments under noncancelable operating leases with initial or remaining terms of one year or more . we enter into operating leases , some of which include renewal options , however , we have excluded renewal options from the table above unless it is anticipated that we will exercise such renewals . ( 4 ) purchase obligations include expenditures for capital assets for 2019 as well as agreements to purchase goods or services that are enforceable and legally binding and that specify all significant terms , including : fixed or minimum quantities to be purchased ; fixed , minimum or variable price provisions ; and the approximate timing of the transaction . due to the uncertainty with respect to the timing of potential future cash outflows associated with our uncertain tax positions , we are unable to make reasonable estimates of the period of cash settlement , if any , to the respective taxing authorities . therefore , $ 597 million in uncertain tax positions , including interest and penalties , have been excluded from the contractual obligations table above . see "note 12 . income taxes" of the notes to consolidated and combined financial statements in item 8 herein for further information . we have certain defined benefit pension and other post-retirement benefit plans covering certain of our u.s . and international employees . during 2018 , we made contributions and paid direct benefits of approximately $ 72 million in connection with those plans , and we anticipate funding approximately $ 41 million during 2019 . amounts for pension funding obligations are based on assumptions that are subject to change , therefore , we are currently not able to reasonably estimate our contribution figures after 2019 . see "note 11 . employee benefit plans" of the notes to consolidated and combined financial statements in item 8 herein for further information . off-balance sheet arrangements in the normal course of business with customers , vendors and others , we have entered into off-balance sheet arrangements , such as surety bonds for performance , letters of credit and other bank issued guarantees , which totaled approximately $ 3.6 billion at december 31 , 2018 . it is not practicable to estimate the fair value of these financial instruments . none of the off-balance sheet arrangements either has , or is likely to have , a material effect on our consolidated and combined financial statements. .
|
string
| null |
interest_rate = 0.05
interest_payments = 3716
total_obligations = 13058
percent_due = interest_payments / total_obligations
answer = percent_due * 100
|
what was the ratio total amount of proceeds from the sales of business entities for european distribution and decorative products in 2004 to 2003
|
0.7300000191
|
CodeFinQA
|
wood products sales in the united states in 2005 of $ 1.6 billion were up 3% ( 3 % ) from $ 1.5 billion in 2004 and 18% ( 18 % ) from $ 1.3 billion in 2003 . average price realiza- tions for lumber were up 6% ( 6 % ) and 21% ( 21 % ) in 2005 compared with 2004 and 2003 , respectively . lumber sales volumes in 2005 were up 5% ( 5 % ) versus 2004 and 10% ( 10 % ) versus 2003 . average sales prices for plywood were down 4% ( 4 % ) from 2004 , but were 15% ( 15 % ) higher than in 2003 . plywood sales volumes in 2005 were slightly higher than 2004 and 2003 . operating profits in 2005 were 18% ( 18 % ) lower than 2004 , but nearly three times higher than 2003 . lower average plywood prices and higher raw material costs more than offset the effects of higher average lumber prices , volume increases and a positive sales mix . in 2005 , log costs were up 9% ( 9 % ) versus 2004 , negatively im- pacting both plywood and lumber profits . lumber and plywood operating costs also reflected substantially higher glue and natural gas costs versus both 2004 and looking forward to the first quarter of 2006 , a con- tinued strong housing market , combined with low prod- uct inventory in the distribution chain , should translate into continued strong lumber and plywood demand . however , a possible softening of housing starts and higher interest rates later in the year could put down- ward pressure on pricing in the second half of 2006 . specialty businesses and other the specialty businesses and other segment in- cludes the operating results of arizona chemical , euro- pean distribution and , prior to its closure in 2003 , our natchez , mississippi chemical cellulose pulp mill . also included are certain divested businesses whose results are included in this segment for periods prior to their sale or closure . this segment 2019s 2005 net sales declined 18% ( 18 % ) and 26% ( 26 % ) from 2004 and 2003 , respectively . operating profits in 2005 were down substantially from both 2004 and 2003 . the decline in sales principally reflects declining contributions from businesses sold or closed . operating profits were also affected by higher energy and raw material costs in our chemical business . specialty businesses and other in millions 2005 2004 2003 .
| <i>In millions</i> | 2005 | 2004 | 2003 |
| :--- | :--- | :--- | :--- |
| Sales | $915 | $1,120 | $1,235 |
| Operating Profit | $4 | $38 | $23 |
chemicals sales were $ 692 million in 2005 , com- pared with $ 672 million in 2004 and $ 625 million in 2003 . although demand was strong for most arizona chemical product lines , operating profits in 2005 were 84% ( 84 % ) and 83% ( 83 % ) lower than in 2004 and 2003 , re- spectively , due to higher energy costs in the u.s. , and higher prices and reduced availability for crude tall oil ( cto ) . in the united states , energy costs increased 41% ( 41 % ) compared to 2004 due to higher natural gas prices and supply interruption costs . cto prices increased 26% ( 26 % ) compared to 2004 , as certain energy users turned to cto as a substitute fuel for high-cost alternative energy sources such as natural gas and fuel oil . european cto receipts decreased 30% ( 30 % ) compared to 2004 due to lower yields following the finnish paper industry strike and a swedish storm that limited cto throughput and corre- sponding sales volumes . other businesses in this operating segment include operations that have been sold , closed , or are held for sale , principally the european distribution business , the oil and gas and mineral royalty business , decorative products , retail packaging , and the natchez chemical cellulose pulp mill . sales for these businesses were ap- proximately $ 223 million in 2005 ( mainly european distribution and decorative products ) compared with $ 448 million in 2004 ( mainly european distribution and decorative products ) , and $ 610 million in 2003 . liquidity and capital resources overview a major factor in international paper 2019s liquidity and capital resource planning is its generation of operat- ing cash flow , which is highly sensitive to changes in the pricing and demand for our major products . while changes in key cash operating costs , such as energy and raw material costs , do have an effect on operating cash generation , we believe that our strong focus on cost controls has improved our cash flow generation over an operating cycle . as a result , we believe that we are well positioned for improvements in operating cash flow should prices and worldwide economic conditions im- prove in the future . as part of our continuing focus on improving our return on investment , we have focused our capital spending on improving our key platform businesses in north america and in geographic areas with strong growth opportunities . spending levels have been kept below the level of depreciation and amortization charges for each of the last three years , and we anticipate con- tinuing this approach in 2006 . with the low interest rate environment in 2005 , financing activities have focused largely on the repay- ment or refinancing of higher coupon debt , resulting in a net reduction in debt of approximately $ 1.7 billion in 2005 . we plan to continue this program , with addi- tional reductions anticipated as our previously an- nounced transformation plan progresses in 2006 . our liquidity position continues to be strong , with approx- imately $ 3.2 billion of committed liquidity to cover fu- ture short-term cash flow requirements not met by operating cash flows. .
|
string
| null |
sales_2005 = 448
sales_2004 = 610
ratio_2005_2004 = sales_2005 / sales_2004
answer = ratio_2005_2004
|
what percentage did the balance increase from 2007 to 2009?
|
83.5999984741
|
CodeFinQA
|
included in other non-current liabilities , because the company believes that the ultimate payment or settlement of these liabilities will not occur within the next twelve months . prior to the adoption of these provisions , these amounts were included in current income tax payable . the company includes interest and penalties related to unrecognized tax benefits within the provision for taxes in the condensed consolidated statements of income , and as a result , no change in classification was made upon adopting these provisions . the condensed consolidated statements of income for fiscal year 2009 and fiscal year 2008 include $ 1.7 million and $ 1.3 million , respectively , of interest and penalties related to these uncertain tax positions . due to the complexity associated with its tax uncertainties , the company cannot make a reasonably reliable estimate as to the period in which it expects to settle the liabilities associated with these uncertain tax positions . the following table summarizes the changes in the total amounts of uncertain tax positions for fiscal 2008 and fiscal 2009. .
| Balance, November 3, 2007 | $9,889 |
| :--- | :--- |
| Additions for tax positions of current year | 3,861 |
| Balance, November 1, 2008 | 13,750 |
| Additions for tax positions of current year | 4,411 |
| Balance, October 31, 2009 | $18,161 |
fiscal year 2004 and 2005 irs examination during the fourth quarter of fiscal 2007 , the irs completed its field examination of the company 2019s fiscal years 2004 and 2005 . on january 2 , 2008 , the irs issued its report for fiscal 2004 and 2005 , which included proposed adjustments related to these two fiscal years . the company has recorded taxes and penalties related to certain of these proposed adjustments . there are four items with an additional potential total tax liability of $ 46 million . the company has concluded , based on discussions with its tax advisors , that these four items are not likely to result in any additional tax liability . therefore , the company has not recorded any additional tax liability for these items and is appealing these proposed adjustments through the normal processes for the resolution of differences between the irs and taxpayers . the company 2019s initial meetings with the appellate division of the irs were held during fiscal year 2009 . two of the unresolved matters are one-time issues and pertain to section 965 of the internal revenue code related to the beneficial tax treatment of dividends from foreign owned companies under the american jobs creation act . the other matters pertain to the computation of research and development ( r&d ) tax credits and the profits earned from manufacturing activities carried on outside the united states . these latter two matters could impact taxes payable for fiscal 2004 and 2005 as well as for subsequent years . fiscal year 2006 and 2007 irs examination during the third quarter of fiscal 2009 , the irs completed its field examination of the company 2019s fiscal years 2006 and 2007 . the irs and the company have agreed on the treatment of a number of issues that have been included in an issue resolutions agreement related to the 2006 and 2007 tax returns . however , no agreement was reached on the tax treatment of a number of issues , including the same r&d credit and foreign manufacturing issues mentioned above related to fiscal 2004 and 2005 , the pricing of intercompany sales ( transfer pricing ) , and the deductibility of certain stock option compensation expenses . during the third quarter of fiscal 2009 , the irs issued its report for fiscal 2006 and fiscal 2007 , which included proposed adjustments related to these two fiscal years . the company has recorded taxes and penalties related to certain of these proposed adjustments . there are four items with an additional potential total tax liability of $ 195 million . the company concluded , based on discussions with its tax advisors , that these four items are not likely to result in any additional tax liability . therefore , the company has not recorded any additional tax liability for these items and is appealing these proposed adjustments through the normal processes for the resolution of differences between the irs and taxpayers . with the exception of the analog devices , inc . notes to consolidated financial statements 2014 ( continued ) .
|
string
| null |
balance_2009 = 18161
balance_2007 = 9889
increase = balance_2009 - balance_2007
percent_increase = increase / balance_2007
answer = percent_increase * 100
|
what percentage of securities to be issued upon exercise are shares of common stock underlying performance stock units if maximum performance levels are achieved?
|
1.5099999905
|
CodeFinQA
|
part a0iii item a010 . directors , executive officers and corporate governance for the information required by this item a010 with respect to our executive officers , see part a0i , item 1 . of this report . for the other information required by this item a010 , see 201celection of directors , 201d 201cnominees for election to the board of directors , 201d 201ccorporate governance 201d and 201csection a016 ( a ) beneficial ownership reporting compliance , 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference . the proxy statement for our 2019 annual meeting will be filed within 120 a0days after the end of the fiscal year covered by this annual report on form 10-k . item a011 . executive compensation for the information required by this item a011 , see 201ccompensation discussion and analysis , 201d 201ccompensation committee report , 201d and 201cexecutive compensation 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference . item a012 . security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item a012 with respect to beneficial ownership of our common stock , see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference . the following table sets forth certain information as of december a031 , 2018 regarding our equity plans : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1471449 $ 136.62 3578241 ( 1 ) the number of securities in column ( a ) include 22290 shares of common stock underlying performance stock units if maximum performance levels are achieved ; the actual number of shares , if any , to be issued with respect to the performance stock units will be based on performance with respect to specified financial and relative stock price measures . item a013 . certain relationships and related transactions , and director independence for the information required by this item a013 , see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference . item a014 . principal accounting fees and services for the information required by this item a014 , see 201caudit and non-audit fees 201d and 201caudit committee pre-approval procedures 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference. .
| Plan Category | Number of Securitiesto be Issued UponExercise ofOutstanding Options, Warrants and Rights<sub>(1)</sub> (A)(B) | Weighted-AverageExercise Price ofOutstanding Options, Warrants and Rights | Number of SecuritiesRemaining Available forFuture Issuance UnderEquity CompensationPlans (ExcludingSecurities Reflected in Column (A)) (C) |
| :--- | :--- | :--- | :--- |
| Equity compensation plans approved by security holders | 1,471,449 | $136.62 | 3,578,241 |
part a0iii item a010 . directors , executive officers and corporate governance for the information required by this item a010 with respect to our executive officers , see part a0i , item 1 . of this report . for the other information required by this item a010 , see 201celection of directors , 201d 201cnominees for election to the board of directors , 201d 201ccorporate governance 201d and 201csection a016 ( a ) beneficial ownership reporting compliance , 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference . the proxy statement for our 2019 annual meeting will be filed within 120 a0days after the end of the fiscal year covered by this annual report on form 10-k . item a011 . executive compensation for the information required by this item a011 , see 201ccompensation discussion and analysis , 201d 201ccompensation committee report , 201d and 201cexecutive compensation 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference . item a012 . security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item a012 with respect to beneficial ownership of our common stock , see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference . the following table sets forth certain information as of december a031 , 2018 regarding our equity plans : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1471449 $ 136.62 3578241 ( 1 ) the number of securities in column ( a ) include 22290 shares of common stock underlying performance stock units if maximum performance levels are achieved ; the actual number of shares , if any , to be issued with respect to the performance stock units will be based on performance with respect to specified financial and relative stock price measures . item a013 . certain relationships and related transactions , and director independence for the information required by this item a013 , see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference . item a014 . principal accounting fees and services for the information required by this item a014 , see 201caudit and non-audit fees 201d and 201caudit committee pre-approval procedures 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference. .
|
string
| null |
shares_issued = 22290
shares_total = 1471449
percent_issued = shares_issued / shares_total
answer = percent_issued * 100
|
based on the review of the activity between the company and the 2002 financ- ing entities what was the ratio of the revenue to the expense in 2010
|
0.625
|
CodeFinQA
|
determined that it was the primary beneficiary of the 2001 financing entities and thus consolidated the entities effective march 16 , 2011 . effective april 30 , 2011 , international paper liquidated its interest in the 2001 financing entities . activity between the company and the 2002 financ- ing entities was as follows: .
| In millions | 2012 | 2011 | 2010 |
| :--- | :--- | :--- | :--- |
| Revenue (loss) (a) | $— | $2 | $5 |
| Expense (b) | — | 3 | 8 |
| Cash receipts (c) | 252 | 192 | 3 |
| Cash payments (d) | 159 | 244 | 8 |
( a ) the revenue is included in equity earnings ( loss ) , net of tax in the accompanying consolidated statement of operations . ( b ) the expense is included in interest expense , net in the accom- panying consolidated statement of operations . ( c ) the cash receipts are equity distributions from the 2002 financ- ing entities to international paper and cash receipts from the maturity of the 2002 monetized notes . ( d ) the cash payments include both interest and principal on the associated debt obligations . on may 31 , 2011 , the third-party equity holder of the 2002 financing entities retired its class a interest in the entities for $ 51 million . as a result of the retire- ment , effective may 31 , 2011 , international paper owned 100% ( 100 % ) of the 2002 financing entities . based on an analysis performed by the company after the retirement , under guidance that considers the poten- tial magnitude of the variability in the structure and which party has controlling financial interest , international paper determined that it was the pri- mary beneficiary of the 2002 financing entities and thus consolidated the entities effective may 31 , 2011 . during the year ended december 31 , 2011 approx- imately $ 191 million of the 2002 monetized notes matured . outstanding debt related to these entities of $ 158 million is included in floating rate notes due 2011 2013 2017 in the summary of long-term debt in note 12 at december 31 , 2011 . as of may 31 , 2012 , this debt had been repaid . during the year ended december 31 , 2012 , $ 252 mil- lion of the 2002 monetized notes matured . as of result of these maturities , accounts and notes receivable decreased $ 252 million and notes payable and current maturities of long-term debt decreased $ 158 million . deferred tax liabilities associated with the 2002 forestland installment sales decreased $ 67 million . effective june 1 , 2012 , international paper liquidated its interest in the 2002 financing entities . the use of the above entities facilitated the mone- tization of the credit enhanced timber and mone- tized notes in a cost effective manner by increasing the borrowing capacity and lowering the interest rate while continuing to preserve the tax deferral that resulted from the forestlands installment sales and the offset accounting treatment described above . in connection with the acquisition of temple-inland in february 2012 , two special purpose entities became wholly-owned subsidiaries of international paper . in october 2007 , temple-inland sold 1.55 million acres of timberlands for $ 2.38 billion . the total con- sideration consisted almost entirely of notes due in 2027 issued by the buyer of the timberlands , which temple-inland contributed to two wholly-owned , bankruptcy-remote special purpose entities . the notes are shown in financial assets of special pur- pose entities in the accompanying consolidated balance sheet and are supported by $ 2.38 billion of irrevocable letters of credit issued by three banks , which are required to maintain minimum credit rat- ings on their long-term debt . in the third quarter of 2012 , international paper completed is preliminary analysis of the acquisition date fair value of the notes and determined it to be $ 2.09 billion . as a result of this analysis , financial assets of special purposed entities decreased by $ 292 million and goodwill increased by the same amount . as of december 31 , 2012 , the fair value of the notes was $ 2.21 billion . in december 2007 , temple-inland 2019s two wholly- owned special purpose entities borrowed $ 2.14 bil- lion shown in nonrecourse financial liabilities of special purpose entities in the accompanying con- solidated balance sheet . the loans are repayable in 2027 and are secured only by the $ 2.38 billion of notes and the irrevocable letters of credit securing the notes and are nonrecourse to the company . the loan agreements provide that if a credit rating of any of the banks issuing the letters of credit is down- graded below the specified threshold , the letters of credit issued by that bank must be replaced within 30 days with letters of credit from another qualifying financial institution . in the third quarter of 2012 , international paper completed its preliminary analy- sis of the acquisition date fair value of the borrow- ings and determined it to be $ 2.03 billion . as a result of this analysis , nonrecourse financial liabilities of special purpose entities decreased by $ 110 million and goodwill decreased by the same amount . as of december 31 , 2012 , the fair value of this debt was $ 2.12 billion . the buyer of the temple-inland timberland issued the $ 2.38 billion in notes from its wholly-owned , bankruptcy-remote special purpose entities . the buyer 2019s special purpose entities held the timberlands from the transaction date until november 2008 , at which time the timberlands were transferred out of the buyer 2019s special purpose entities . due to the transfer of the timberlands , temple-inland evaluated the buyer 2019s special purpose entities and determined that they were variable interest entities and that temple-inland was the primary beneficiary . as a result , in 2008 , temple-inland .
|
string
| null |
revenue_2010 = 5
expense_2010 = 8
ratio = revenue_2010 / expense_2010
answer = ratio
|
what is the percentage of north america's signal and power solutions sites among all signal and power solutions sites?
|
38.7900009155
|
CodeFinQA
|
adequacy of our provision for income taxes , we regularly assess the likelihood of adverse outcomes resulting from tax examinations . while it is often difficult to predict the final outcome or the timing of the resolution of a tax examination , our reserves for uncertain tax benefits reflect the outcome of tax positions that are more likely than not to occur . while we believe that we have complied with all applicable tax laws , there can be no assurance that a taxing authority will not have a different interpretation of the law and assess us with additional taxes . should additional taxes be assessed , this may result in a material adverse effect on our results of operations and financial condition . item 1b . unresolved staff comments we have no unresolved sec staff comments to report . item 2 . properties as of december 31 , 2018 , we owned or leased 126 major manufacturing sites and 15 major technical centers . a manufacturing site may include multiple plants and may be wholly or partially owned or leased . we also have many smaller manufacturing sites , sales offices , warehouses , engineering centers , joint ventures and other investments strategically located throughout the world . we have a presence in 44 countries . the following table shows the regional distribution of our major manufacturing sites by the operating segment that uses such facilities : north america europe , middle east & africa asia pacific south america total .
| | North America | Europe,Middle East& Africa | Asia Pacific | South America | Total |
| :--- | :--- | :--- | :--- | :--- | :--- |
| Signal and Power Solutions | 45 | 33 | 33 | 5 | 116 |
| Advanced Safety and User Experience | 2 | 5 | 3 | — | 10 |
| Total | 47 | 38 | 36 | 5 | 126 |
in addition to these manufacturing sites , we had 15 major technical centers : eight in north america ; two in europe , middle east and africa ; and five in asia pacific . of our 126 major manufacturing sites and 15 major technical centers , which include facilities owned or leased by our consolidated subsidiaries , 61 are primarily owned and 80 are primarily leased . we frequently review our real estate portfolio and develop footprint strategies to support our customers 2019 global plans , while at the same time supporting our technical needs and controlling operating expenses . we believe our evolving portfolio will meet current and anticipated future needs . item 3 . legal proceedings we are from time to time subject to various actions , claims , suits , government investigations , and other proceedings incidental to our business , including those arising out of alleged defects , breach of contracts , competition and antitrust matters , product warranties , intellectual property matters , personal injury claims and employment-related matters . it is our opinion that the outcome of such matters will not have a material adverse impact on our consolidated financial position , results of operations , or cash flows . with respect to warranty matters , although we cannot ensure that the future costs of warranty claims by customers will not be material , we believe our established reserves are adequate to cover potential warranty settlements . however , the final amounts required to resolve these matters could differ materially from our recorded estimates . brazil matters aptiv conducts business operations in brazil that are subject to the brazilian federal labor , social security , environmental , tax and customs laws , as well as a variety of state and local laws . while aptiv believes it complies with such laws , they are complex , subject to varying interpretations , and the company is often engaged in litigation with government agencies regarding the application of these laws to particular circumstances . as of december 31 , 2018 , the majority of claims asserted against aptiv in brazil relate to such litigation . the remaining claims in brazil relate to commercial and labor litigation with private parties . as of december 31 , 2018 , claims totaling approximately $ 145 million ( using december 31 , 2018 foreign currency rates ) have been asserted against aptiv in brazil . as of december 31 , 2018 , the company maintains accruals for these asserted claims of $ 30 million ( using december 31 , 2018 foreign currency rates ) . the amounts accrued represent claims that are deemed probable of loss and are reasonably estimable based on the company 2019s analyses and assessment of the asserted claims and prior experience with similar matters . while the company believes its accruals are adequate , the final amounts required to resolve these matters could differ materially from the company 2019s recorded estimates and aptiv 2019s results of .
|
string
| null |
signal_power_solutions_north_america = 45
signal_power_solutions_total = 116
percent_signal_power_solutions_north_america = signal_power_solutions_north_america / signal_power_solutions_total
answer = percent_signal_power_solutions_north_america * 100
|
what was the profit margin from printing paper in 2006
|
9.5
|
CodeFinQA
|
customer demand . this compared with 555000 tons of total downtime in 2006 of which 150000 tons related to lack-of-orders . printing papers in millions 2007 2006 2005 .
| <i>In millions</i> | 2007 | 2006 | 2005 |
| :--- | :--- | :--- | :--- |
| Sales | $6,530 | $6,700 | $6,980 |
| Operating Profit | $1,101 | $636 | $434 |
north american printing papers net sales in 2007 were $ 3.5 billion compared with $ 4.4 billion in 2006 ( $ 3.5 billion excluding the coated and super- calendered papers business ) and $ 4.8 billion in 2005 ( $ 3.2 billion excluding the coated and super- calendered papers business ) . sales volumes decreased in 2007 versus 2006 partially due to reduced production capacity resulting from the conversion of the paper machine at the pensacola mill to the production of lightweight linerboard for our industrial packaging segment . average sales price realizations increased significantly , reflecting benefits from price increases announced throughout 2007 . lack-of-order downtime declined to 27000 tons in 2007 from 40000 tons in 2006 . operating earnings of $ 537 million in 2007 increased from $ 482 million in 2006 ( $ 407 million excluding the coated and supercalendered papers business ) and $ 175 million in 2005 ( $ 74 million excluding the coated and supercalendered papers business ) . the benefits from improved average sales price realizations more than offset the effects of higher input costs for wood , energy , and freight . mill operations were favorable compared with the prior year due to current-year improvements in machine performance and energy conservation efforts . sales volumes for the first quarter of 2008 are expected to increase slightly , and the mix of prod- ucts sold to improve . demand for printing papers in north america was steady as the quarter began . price increases for cut-size paper and roll stock have been announced that are expected to be effective principally late in the first quarter . planned mill maintenance outage costs should be about the same as in the fourth quarter ; however , raw material costs are expected to continue to increase , primarily for wood and energy . brazil ian papers net sales for 2007 of $ 850 mil- lion were higher than the $ 495 million in 2006 and the $ 465 million in 2005 . compared with 2006 , aver- age sales price realizations improved reflecting price increases for uncoated freesheet paper realized dur- ing the second half of 2006 and the first half of 2007 . excluding the impact of the luiz antonio acquisition , sales volumes increased primarily for cut size and offset paper . operating profits for 2007 of $ 246 mil- lion were up from $ 122 million in 2006 and $ 134 mil- lion in 2005 as the benefits from higher sales prices and favorable manufacturing costs were only parti- ally offset by higher input costs . contributions from the luiz antonio acquisition increased net sales by approximately $ 350 million and earnings by approx- imately $ 80 million in 2007 . entering 2008 , sales volumes for uncoated freesheet paper and pulp should be seasonally lower . average price realizations should be essentially flat , but mar- gins are expected to reflect a less favorable product mix . energy costs , primarily for hydroelectric power , are expected to increase significantly reflecting a lack of rainfall in brazil in the latter part of 2007 . european papers net sales in 2007 were $ 1.5 bil- lion compared with $ 1.3 billion in 2006 and $ 1.2 bil- lion in 2005 . sales volumes in 2007 were higher than in 2006 at our eastern european mills reflecting stronger market demand and improved efficiencies , but lower in western europe reflecting the closure of the marasquel mill in 2006 . average sales price real- izations increased significantly in 2007 in both east- ern and western european markets . operating profits of $ 214 million in 2007 increased from a loss of $ 16 million in 2006 and earnings of $ 88 million in 2005 . the loss in 2006 reflects the impact of a $ 128 million impairment charge to reduce the carrying value of the fixed assets at the saillat , france mill . excluding this charge , the improvement in 2007 compared with 2006 reflects the contribution from higher net sales , partially offset by higher input costs for wood , energy and freight . looking ahead to the first quarter of 2008 , sales volumes are expected to be stable in western europe , but seasonally weaker in eastern europe and russia . average price realizations are expected to remain about flat . wood costs are expected to increase , especially in russia due to strong demand ahead of tariff increases , and energy costs are anticipated to be seasonally higher . asian printing papers net sales were approx- imately $ 20 million in 2007 , compared with $ 15 mil- lion in 2006 and $ 10 million in 2005 . operating earnings increased slightly in 2007 , but were close to breakeven in all periods . u.s . market pulp sales in 2007 totaled $ 655 mil- lion compared with $ 510 million and $ 525 million in 2006 and 2005 , respectively . sales volumes in 2007 were up from 2006 levels , primarily for paper and .
|
string
| null |
operating_profit = 636
sales = 6700
answer = operating_profit / sales * 100
|
what was the consumer packaging profit margin in 2003
|
7.4000000954
|
CodeFinQA
|
entering 2006 , industrial packaging earnings are expected to improve significantly in the first quarter compared with the fourth quarter 2005 . average price realizations should continue to benefit from price in- creases announced in late 2005 and early 2006 for linerboard and domestic boxes . containerboard sales volumes are expected to drop slightly in the 2006 first quarter due to fewer shipping days , but growth is antici- pated for u.s . converted products due to stronger de- mand . costs for wood , freight and energy are expected to remain stable during the 2006 first quarter , approach- ing fourth quarter 2005 levels . the continued im- plementation of the new supply chain model at our mills during 2006 will bring additional efficiency improve- ments and cost savings . on a global basis , the european container operating results are expected to improve as a result of targeted market growth and cost reduction ini- tiatives , and we will begin seeing further contributions from our recent moroccan box plant acquisition and from international paper distribution limited . consumer packaging demand and pricing for consumer packaging prod- ucts correlate closely with consumer spending and gen- eral economic activity . in addition to prices and volumes , major factors affecting the profitability of con- sumer packaging are raw material and energy costs , manufacturing efficiency and product mix . consumer packaging 2019s 2005 net sales of $ 2.6 bil- lion were flat compared with 2004 and 5% ( 5 % ) higher com- pared with 2003 . operating profits in 2005 declined 22% ( 22 % ) from 2004 and 31% ( 31 % ) from 2003 as improved price realizations ( $ 46 million ) and favorable operations in the mills and converting operations ( $ 60 million ) could not overcome the impact of cost increases in energy , wood , polyethylene and other raw materials ( $ 120 million ) , lack-of-order downtime ( $ 13 million ) and other costs ( $ 8 million ) . consumer packaging in millions 2005 2004 2003 .
| <i>In millions</i> | 2005 | 2004 | 2003 |
| :--- | :--- | :--- | :--- |
| Sales | $2,590 | $2,605 | $2,465 |
| Operating Profit | $126 | $161 | $183 |
bleached board net sales of $ 864 million in 2005 were up from $ 842 million in 2004 and $ 751 million in 2003 . the effects in 2005 of improved average price realizations and mill operating improvements were not enough to offset increased energy , wood , polyethylene and other raw material costs , a slight decrease in volume and increased lack-of-order downtime . bleached board mills took 100000 tons of downtime in 2005 , including 65000 tons of lack-of-order downtime , compared with 40000 tons of downtime in 2004 , none of which was market related . during 2005 , restructuring and manufacturing improvement plans were implemented to reduce costs and improve market alignment . foodservice net sales were $ 437 million in 2005 compared with $ 480 million in 2004 and $ 460 million in 2003 . average sales prices in 2005 were up 3% ( 3 % ) ; how- ever , domestic cup and lid sales volumes were 5% ( 5 % ) lower than in 2004 as a result of a rationalization of our cus- tomer base early in 2005 . operating profits in 2005 in- creased 147% ( 147 % ) compared with 2004 , largely due to the settlement of a lawsuit and a favorable adjustment on the sale of the jackson , tennessee bag plant . excluding unusual items , operating profits were flat as improved price realizations offset increased costs for bleached board and resin . shorewood net sales of $ 691 million in 2005 were essentially flat with net sales in 2004 of $ 687 million , but were up compared with $ 665 million in 2003 . operating profits in 2005 were 17% ( 17 % ) above 2004 levels and about equal to 2003 levels . improved margins resulting from a rationalization of the customer mix and the effects of improved manufacturing operations , including the successful start up of our south korean tobacco operations , more than offset cost increases for board and paper and the impact of unfavorable foreign exchange rates in canada . beverage packaging net sales were $ 597 million in 2005 , $ 595 million in 2004 and $ 589 million in 2003 . average sale price realizations increased 2% ( 2 % ) compared with 2004 , principally the result of the pass-through of higher raw material costs , although the implementation of price increases continues to be impacted by com- petitive pressures . operating profits were down 14% ( 14 % ) compared with 2004 and 19% ( 19 % ) compared with 2003 , due principally to increases in board and resin costs . in 2006 , the bleached board market is expected to remain strong , with sales volumes increasing in the first quarter compared with the fourth quarter of 2005 for both folding carton and cup products . improved price realizations are also expected for bleached board and in our foodservice and beverage packaging businesses , al- though continued high costs for energy , wood and resin will continue to negatively impact earnings . shorewood should continue to benefit from strong asian operations and from targeted sales volume growth in 2006 . capital improvements and operational excellence initiatives undertaken in 2005 should benefit operating results in 2006 for all businesses . distribution our distribution business , principally represented by our xpedx business , markets a diverse array of products and supply chain services to customers in many business segments . customer demand is generally sensitive to changes in general economic conditions , although the .
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string
| null |
margin_2003 = 183
margin_total = 2465
percent_2003 = margin_2003 / margin_total
answer = percent_2003 * 100
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what was the ratio of the total contractual obligations for the liabilities recorded on the balance sheet to the commitments not recorded on the balance sheet
|
1.0900000334
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CodeFinQA
|
( e ) total contractual obligations are made up of the following components . ( in millions ) .
| Liabilities recorded on the balance sheet | $60,578 |
| :--- | :--- |
| Commitments not recorded on the balance sheet | 55,688 |
| Total | $116,266 |
off-balance sheet arrangements as of december 31 , 2015 , we did not have any material off-balance sheet arrangements that are reasonably likely to have a current or future effect on our financial condition , results of operations , liquidity , capital expenditures or capital resources . recent accounting pronouncements see note 3 to each of comcast 2019s and nbcuniversal 2019s consolidated financial statements for additional information related to recent accounting pronouncements . critical accounting judgments and estimates the preparation of our consolidated financial statements requires us to make estimates that affect the reported amounts of assets , liabilities , revenue and expenses , and the related disclosure of contingent assets and contingent liabilities . we base our judgments on our historical experience and on various other assump- tions that we believe are reasonable under the circumstances , the results of which form the basis for making estimates about the carrying value of assets and liabilities that are not readily apparent from other sources . actual results may differ from these estimates under different assumptions or conditions . we believe our judgments and related estimates associated with the valuation and impairment testing of our cable franchise rights and the accounting for film and television costs are critical in the preparation of our consolidated financial statements . management has discussed the development and selection of these crit- ical accounting judgments and estimates with the audit committee of our board of directors , and the audit committee has reviewed our disclosures relating to them , which are presented below . see notes 9 and 6 to comcast 2019s consolidated financial statements for a discussion of our accounting policies with respect to these items . valuation and impairment testing of cable franchise rights our largest asset , our cable franchise rights , results from agreements we have with state and local govern- ments that allow us to construct and operate a cable business within a specified geographic area . the value of a franchise is derived from the economic benefits we receive from the right to solicit new customers and to market new services , such as advanced video services and high-speed internet and voice services , in a particular service area . the amounts we record for cable franchise rights are primarily a result of cable system acquisitions . typically when we acquire a cable system , the most significant asset we record is the value of the cable franchise rights . often these cable system acquisitions include multiple franchise areas . we cur- rently serve approximately 6400 franchise areas in the united states . we have concluded that our cable franchise rights have an indefinite useful life since there are no legal , regu- latory , contractual , competitive , economic or other factors which limit the period over which these rights will contribute to our cash flows . accordingly , we do not amortize our cable franchise rights but assess the carry- ing value of our cable franchise rights annually , or more frequently whenever events or changes in circumstances indicate that the carrying amount may exceed the fair value ( 201cimpairment testing 201d ) . 67 comcast 2015 annual report on form 10-k .
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string
| null |
liabilities_recorded = 60578
commitments_not_recorded = 55688
ratio = liabilities_recorded / commitments_not_recorded
answer = ratio
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