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u.s .equity securities and international equity securities categorized as level 1 are traded on active national and international exchanges and are valued at their closing prices on the last trading day of the year .for u.s .equity securities and international equity securities not traded on an active exchange , or if the closing price is not available , the trustee obtains indicative quotes from a pricing vendor , broker or investment manager .these securities are categorized as level 2 if the custodian obtains corroborated quotes from a pricing vendor or categorized as level 3 if the custodian obtains uncorroborated quotes from a broker or investment manager .commingled equity funds categorized as level 1 are traded on active national and international exchanges and are valued at their closing prices on the last trading day of the year .for commingled equity funds not traded on an active exchange , or if the closing price is not available , the trustee obtains indicative quotes from a pricing vendor , broker or investment manager .these securities are categorized as level 2 if the custodian obtains corroborated quotes from a pricing vendor .fixed income investments categorized as level 2 are valued by the trustee using pricing models that use verifiable observable market data ( e.g. , interest rates and yield curves observable at commonly quoted intervals and credit spreads ) , bids provided by brokers or dealers or quoted prices of securities with similar characteristics .fixed income investments are categorized at level 3 when valuations using observable inputs are unavailable .the trustee obtains pricing based on indicative quotes or bid evaluations from vendors , brokers or the investment manager .commodities are traded on an active commodity exchange and are valued at their closing prices on the last trading day of the certain commingled equity funds , consisting of equity mutual funds , are valued using the nav.aa thenavaa valuations are based on the underlying investments and typically redeemable within 90 days .private equity funds consist of partnership and co-investment funds .the navaa is based on valuation models of the underlying securities , which includes unobservable inputs that cannot be corroborated using verifiable observable market data .these funds typically have redemption periods between eight and 12 years .real estate funds consist of partnerships , most of which are closed-end funds , for which the navaa is based on valuationmodels and periodic appraisals .these funds typically have redemption periods between eight and 10 years .hedge funds consist of direct hedge funds forwhich thenavaa is generally based on the valuation of the underlying investments .redemptions in hedge funds are based on the specific terms of each fund , and generally range from a minimum of one month to several months .contributions and expected benefit payments the funding of our qualified defined benefit pension plans is determined in accordance with erisa , as amended by the ppa , and in a manner consistent with cas and internal revenue code rules .there were no material contributions to our qualified defined benefit pension plans during 2017 .we will make contributions of $ 5.0 billion to our qualified defined benefit pension plans in 2018 , including required and discretionary contributions.as a result of these contributions , we do not expect any material qualified defined benefit cash funding will be required until 2021.we plan to fund these contributions using a mix of cash on hand and commercial paper .while we do not anticipate a need to do so , our capital structure and resources would allow us to issue new debt if circumstances change .the following table presents estimated future benefit payments , which reflect expected future employee service , as of december 31 , 2017 ( in millions ) : .
[['', '2018', '2019', '2020', '2021', '2022', '2023 2013 2027'], ['qualified defined benefit pension plans', '$ 2450', '$ 2480', '$ 2560', '$ 2630', '$ 2700', '$ 14200'], ['retiree medical and life insurance plans', '180', '180', '180', '180', '180', '820']]
defined contribution plans wemaintain a number of defined contribution plans , most with 401 ( k ) features , that cover substantially all of our employees .under the provisions of our 401 ( k ) plans , wematchmost employees 2019 eligible contributions at rates specified in the plan documents .our contributions were $ 613 million in 2017 , $ 617 million in 2016 and $ 393 million in 2015 , the majority of which were funded using our common stock .our defined contribution plans held approximately 35.5 million and 36.9 million shares of our common stock as of december 31 , 2017 and 2016. .
|
what is the change in millions of qualified defined benefit pension plans expected payments from 2018 to 2019?
|
30
|
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"answer": "30",
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| |
jpmorgan chase & co ./ 2007 annual report 117 nonrecurring fair value changes the following table presents the total change in value of financial instruments for which a fair value adjustment has been included in the consolidated statement of income for the year ended december 31 , 2007 , related to financial instruments held at december 31 , 2007 .year ended december 31 , 2007 ( in millions ) 2007 .
[['year ended december 31 2007 ( in millions )', '2007'], ['loans', '$ -720 ( 720 )'], ['other assets', '-161 ( 161 )'], ['accounts payable accrued expense and other liabilities', '2'], ['total nonrecurring fair value gains ( losses )', '$ -879 ( 879 )']]
in the above table , loans principally include changes in fair value for loans carried on the balance sheet at the lower of cost or fair value ; and accounts payable , accrued expense and other liabilities principally includes the change in fair value for unfunded lending-related commitments within the leveraged lending portfolio .level 3 assets analysis level 3 assets ( including assets measured at the lower of cost or fair value ) were 5% ( 5 % ) of total firm assets at december 31 , 2007 .these assets increased during 2007 principally during the second half of the year , when liquidity in mortgages and other credit products fell dra- matically .the increase was primarily due to an increase in leveraged loan balances within level 3 as the ability of the firm to syndicate this risk to third parties became limited by the credit environment .in addi- tion , there were transfers from level 2 to level 3 during 2007 .these transfers were principally for instruments within the mortgage market where inputs which are significant to their valuation became unob- servable during the year .subprime and alt-a whole loans , subprime home equity securities , commercial mortgage-backed mezzanine loans and credit default swaps referenced to asset-backed securities consti- tuted the majority of the affected instruments , reflecting a significant decline in liquidity in these instruments in the third and fourth quarters of 2007 , as new issue activity was nonexistent and independent pric- ing information was no longer available for these assets .transition in connection with the initial adoption of sfas 157 , the firm recorded the following on january 1 , 2007 : 2022 a cumulative effect increase to retained earnings of $ 287 million , primarily related to the release of profit previously deferred in accordance with eitf 02-3 ; 2022 an increase to pretax income of $ 166 million ( $ 103 million after-tax ) related to the incorporation of the firm 2019s creditworthiness in the valuation of liabilities recorded at fair value ; and 2022 an increase to pretax income of $ 464 million ( $ 288 million after-tax ) related to valuations of nonpublic private equity investments .prior to the adoption of sfas 157 , the firm applied the provisions of eitf 02-3 to its derivative portfolio .eitf 02-3 precluded the recogni- tion of initial trading profit in the absence of : ( a ) quoted market prices , ( b ) observable prices of other current market transactions or ( c ) other observable data supporting a valuation technique .in accor- dance with eitf 02-3 , the firm recognized the deferred profit in principal transactions revenue on a systematic basis ( typically straight- line amortization over the life of the instruments ) and when observ- able market data became available .prior to the adoption of sfas 157 the firm did not incorporate an adjustment into the valuation of liabilities carried at fair value on the consolidated balance sheet .commencing january 1 , 2007 , in accor- dance with the requirements of sfas 157 , an adjustment was made to the valuation of liabilities measured at fair value to reflect the credit quality of the firm .prior to the adoption of sfas 157 , privately held investments were initially valued based upon cost .the carrying values of privately held investments were adjusted from cost to reflect both positive and neg- ative changes evidenced by financing events with third-party capital providers .the investments were also subject to ongoing impairment reviews by private equity senior investment professionals .the increase in pretax income related to nonpublic private equity investments in connection with the adoption of sfas 157 was due to there being sufficient market evidence to support an increase in fair values using the sfas 157 methodology , although there had not been an actual third-party market transaction related to such investments .financial disclosures required by sfas 107 sfas 107 requires disclosure of the estimated fair value of certain financial instruments and the methods and significant assumptions used to estimate their fair values .many but not all of the financial instruments held by the firm are recorded at fair value on the consolidated balance sheets .financial instruments within the scope of sfas 107 that are not carried at fair value on the consolidated balance sheets are discussed below .additionally , certain financial instruments and all nonfinancial instruments are excluded from the scope of sfas 107 .accordingly , the fair value disclosures required by sfas 107 provide only a partial estimate of the fair value of jpmorgan chase .for example , the firm has developed long-term relationships with its customers through its deposit base and credit card accounts , commonly referred to as core deposit intangibles and credit card relationships .in the opinion of management , these items , in the aggregate , add significant value to jpmorgan chase , but their fair value is not disclosed in this note .financial instruments for which fair value approximates carrying value certain financial instruments that are not carried at fair value on the consolidated balance sheets are carried at amounts that approxi- mate fair value due to their short-term nature and generally negligi- ble credit risk .these instruments include cash and due from banks , deposits with banks , federal funds sold , securities purchased under resale agreements with short-dated maturities , securities borrowed , short-term receivables and accrued interest receivable , commercial paper , federal funds purchased , securities sold under repurchase agreements with short-dated maturities , other borrowed funds , accounts payable and accrued liabilities .in addition , sfas 107 requires that the fair value for deposit liabilities with no stated matu- rity ( i.e. , demand , savings and certain money market deposits ) be equal to their carrying value .sfas 107 does not allow for the recog- nition of the inherent funding value of these instruments. .
|
what was the tax rate associated with the increase in retained earrings related to the incorporation of the firm 2019s creditworthiness in the valuation of liabilities recorded at fair value;
|
38%
|
{
"answer": "38%",
"decimal": 0.38,
"type": "percentage"
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| |
marathon oil corporation notes to consolidated financial statements stock appreciation rights 2013 prior to 2005 , we granted sars under the 2003 plan .no stock appreciation rights have been granted under the 2007 plan .similar to stock options , stock appreciation rights represent the right to receive a payment equal to the excess of the fair market value of shares of common stock on the date the right is exercised over the grant price .under the 2003 plan , certain sars were granted as stock-settled sars and others were granted in tandem with stock options .in general , sars granted under the 2003 plan vest ratably over a three-year period and have a maximum term of ten years from the date they are granted .stock-based performance awards 2013 prior to 2005 , we granted stock-based performance awards under the 2003 plan .no stock-based performance awards have been granted under the 2007 plan .beginning in 2005 , we discontinued granting stock-based performance awards and instead now grant cash-settled performance units to officers .all stock-based performance awards granted under the 2003 plan have either vested or been forfeited .as a result , there are no outstanding stock-based performance awards .restricted stock 2013 we grant restricted stock and restricted stock units under the 2007 plan and previously granted such awards under the 2003 plan .in 2005 , the compensation committee began granting time-based restricted stock to certain u.s.-based officers of marathon and its consolidated subsidiaries as part of their annual long-term incentive package .the restricted stock awards to officers vest three years from the date of grant , contingent on the recipient 2019s continued employment .we also grant restricted stock to certain non-officer employees and restricted stock units to certain international employees ( 201crestricted stock awards 201d ) , based on their performance within certain guidelines and for retention purposes .the restricted stock awards to non-officers generally vest in one-third increments over a three-year period , contingent on the recipient 2019s continued employment , however , certain restricted stock awards granted in 2008 will vest over a four-year period , contingent on the recipient 2019s continued employment .prior to vesting , all restricted stock recipients have the right to vote such stock and receive dividends thereon .the non-vested shares are not transferable and are held by our transfer agent .common stock units 2013 we maintain an equity compensation program for our non-employee directors under the 2007 plan and previously maintained such a program under the 2003 plan .all non-employee directors other than the chairman receive annual grants of common stock units , and they are required to hold those units until they leave the board of directors .when dividends are paid on marathon common stock , directors receive dividend equivalents in the form of additional common stock units .total stock-based compensation expense total employee stock-based compensation expense was $ 43 million , $ 66 million and $ 78 million in 2008 , 2007 and 2006 .the total related income tax benefits were $ 16 million , $ 24 million and $ 29 million .in 2008 and 2007 , cash received upon exercise of stock option awards was $ 9 million and $ 27 million .tax benefits realized for deductions during 2008 and 2007 that were in excess of the stock-based compensation expense recorded for options exercised and other stock-based awards vested during the period totaled $ 7 million and $ 30 million .cash settlements of stock option awards totaled $ 1 million in 2007 .there were no cash settlements in 2008 .stock option awards during 2008 , 2007 and 2006 , we granted stock option awards to both officer and non-officer employees .the weighted average grant date fair value of these awards was based on the following black-scholes assumptions: .
[['', '2008', '2007', '2006'], ['weighted average exercise price per share', '$ 51.74', '$ 60.94', '$ 37.84'], ['expected annual dividends per share', '$ 0.96', '$ 0.96', '$ 0.80'], ['expected life in years', '4.8', '5.0', '5.1'], ['expected volatility', '30% ( 30 % )', '27% ( 27 % )', '28% ( 28 % )'], ['risk-free interest rate', '3.1% ( 3.1 % )', '4.1% ( 4.1 % )', '5.0% ( 5.0 % )'], ['weighted average grant date fair value of stock option awards granted', '$ 13.03', '$ 17.24', '$ 10.19']]
.
|
in 2008 and 2007 , what was total cash received upon exercise of stock option awards in millions?
|
36
|
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"answer": "36",
"decimal": 36,
"type": "float"
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| |
critical accounting estimates our consolidated financial statements include amounts that , either by their nature or due to requirements of accounting princi- ples generally accepted in the u.s .( gaap ) , are determined using best estimates and assumptions .while we believe that the amounts included in our consolidated financial statements reflect our best judgment , actual amounts could ultimately materi- ally differ from those currently presented .we believe the items that require the most subjective and complex estimates are : 2022 unpaid loss and loss expense reserves , including long-tail asbestos and environmental ( a&e ) reserves ; 2022 future policy benefits reserves ; 2022 valuation of value of business acquired ( voba ) and amortization of deferred policy acquisition costs and voba ; 2022 the assessment of risk transfer for certain structured insurance and reinsurance contracts ; 2022 reinsurance recoverable , including a provision for uncollectible reinsurance ; 2022 the valuation of our investment portfolio and assessment of other-than-temporary impairments ( otti ) ; 2022 the valuation of deferred tax assets ; 2022 the valuation of derivative instruments related to guaranteed minimum income benefits ( gmib ) ; and 2022 the valuation of goodwill .we believe our accounting policies for these items are of critical importance to our consolidated financial statements .the following discussion provides more information regarding the estimates and assumptions required to arrive at these amounts and should be read in conjunction with the sections entitled : prior period development , asbestos and environmental and other run-off liabilities , reinsurance recoverable on ceded reinsurance , investments , net realized gains ( losses ) , and other income and expense items .unpaid losses and loss expenses overview and key data as an insurance and reinsurance company , we are required , by applicable laws and regulations and gaap , to establish loss and loss expense reserves for the estimated unpaid portion of the ultimate liability for losses and loss expenses under the terms of our policies and agreements with our insured and reinsured customers .the estimate of the liabilities includes provisions for claims that have been reported but are unpaid at the balance sheet date ( case reserves ) and for future obligations on claims that have been incurred but not reported ( ibnr ) at the balance sheet date ( ibnr may also include a provision for additional development on reported claims in instances where the case reserve is viewed to be potentially insufficient ) .loss reserves also include an estimate of expenses associated with processing and settling unpaid claims ( loss expenses ) .at december 31 , 2009 , our gross unpaid loss and loss expense reserves were $ 37.8 billion and our net unpaid loss and loss expense reserves were $ 25 billion .with the exception of certain structured settlements , for which the timing and amount of future claim pay- ments are reliably determinable , our loss reserves are not discounted for the time value of money .in connection with such structured settlements , we carry net reserves of $ 76 million , net of discount .the table below presents a roll-forward of our unpaid losses and loss expenses for the years ended december 31 , 2009 and 2008. .
[['( in millions of u.s . dollars )', '2009 gross losses', '2009 reinsurance recoverable ( 1 )', '2009 net losses', '2009 gross losses', '2009 reinsurance recoverable ( 1 )', 'net losses'], ['balance beginning of year', '$ 37176', '$ 12935', '$ 24241', '$ 37112', '$ 13520', '$ 23592'], ['losses and loss expenses incurred', '11141', '3719', '7422', '10944', '3341', '7603'], ['losses and loss expenses paid', '-11093 ( 11093 )', '-4145 ( 4145 )', '-6948 ( 6948 )', '-9899 ( 9899 )', '-3572 ( 3572 )', '-6327 ( 6327 )'], ['other ( including foreign exchange revaluation )', '559', '236', '323', '-1367 ( 1367 )', '-387 ( 387 )', '-980 ( 980 )'], ['losses and loss expenses acquired', '2013', '2013', '2013', '386', '33', '353'], ['balance end of year', '$ 37783', '$ 12745', '$ 25038', '$ 37176', '$ 12935', '$ 24241']]
( 1 ) net of provision for uncollectible reinsurance .
|
what is the percentage change in gross unpaid losses from 2008 to 2009?
|
1.63%
|
{
"answer": "1.63%",
"decimal": 0.0163,
"type": "percentage"
}
| |
december 31 , december 31 , december 31 , december 31 , december 31 , december 31 .
[['', 'december 312011', 'december 312012', 'december 312013', 'december 312014', 'december 312015', 'december 312016'], ['disca', '$ 100.00', '$ 154.94', '$ 220.70', '$ 168.17', '$ 130.24', '$ 133.81'], ['discb', '$ 100.00', '$ 150.40', '$ 217.35', '$ 175.04', '$ 127.80', '$ 137.83'], ['disck', '$ 100.00', '$ 155.17', '$ 222.44', '$ 178.89', '$ 133.79', '$ 142.07'], ['s&p 500', '$ 100.00', '$ 113.41', '$ 146.98', '$ 163.72', '$ 162.53', '$ 178.02'], ['peer group', '$ 100.00', '$ 134.98', '$ 220.77', '$ 253.19', '$ 243.93', '$ 271.11']]
equity compensation plan information information regarding securities authorized for issuance under equity compensation plans will be set forth in our definitive proxy statement for our 2017 annual meeting of stockholders under the caption 201csecurities authorized for issuance under equity compensation plans , 201d which is incorporated herein by reference .item 6 .selected financial data .the table set forth below presents our selected financial information for each of the past five years ( in millions , except per share amounts ) .the selected statement of operations information for each of the three years ended december 31 , 2016 and the selected balance sheet information as of december 31 , 2016 and 2015 have been derived from and should be read in conjunction with the information in item 7 , 201cmanagement 2019s discussion and analysis of financial condition and results of operations , 201d the audited consolidated financial statements included in item 8 , 201cfinancial statements and supplementary data , 201d and other financial information included elsewhere in this annual report on form 10-k .the selected statement of operations information for each of the two years ended december 31 , 2013 and 2012 and the selected balance sheet information as of december 31 , 2014 , 2013 and 2012 have been derived from financial statements not included in this annual report on form 10-k .2016 2015 2014 2013 2012 selected statement of operations information : revenues $ 6497 $ 6394 $ 6265 $ 5535 $ 4487 operating income 2058 1985 2061 1975 1859 income from continuing operations , net of taxes 1218 1048 1137 1077 956 loss from discontinued operations , net of taxes 2014 2014 2014 2014 ( 11 ) net income 1218 1048 1137 1077 945 net income available to discovery communications , inc .1194 1034 1139 1075 943 basic earnings per share available to discovery communications , inc .series a , b and c common stockholders : continuing operations $ 1.97 $ 1.59 $ 1.67 $ 1.50 $ 1.27 discontinued operations 2014 2014 2014 2014 ( 0.01 ) net income 1.97 1.59 1.67 1.50 1.25 diluted earnings per share available to discovery communications , inc .series a , b and c common stockholders : continuing operations $ 1.96 $ 1.58 $ 1.66 $ 1.49 $ 1.26 discontinued operations 2014 2014 2014 2014 ( 0.01 ) net income 1.96 1.58 1.66 1.49 1.24 weighted average shares outstanding : basic 401 432 454 484 498 diluted 610 656 687 722 759 selected balance sheet information : cash and cash equivalents $ 300 $ 390 $ 367 $ 408 $ 1201 total assets 15758 15864 15970 14934 12892 long-term debt : current portion 82 119 1107 17 31 long-term portion 7841 7616 6002 6437 5174 total liabilities 10348 10172 9619 8701 6599 redeemable noncontrolling interests 243 241 747 36 2014 equity attributable to discovery communications , inc .5167 5451 5602 6196 6291 total equity $ 5167 $ 5451 $ 5604 $ 6197 $ 6293 2022 income per share amounts may not sum since each is calculated independently .2022 on september 30 , 2016 , the company recorded an other-than-temporary impairment of $ 62 million related to its investment in lionsgate .on december 2 , 2016 , the company acquired a 39% ( 39 % ) minority interest in group nine media , a newly formed media holding company , in exchange for contributions of $ 100 million and the company's digital network businesses seeker and sourcefed , resulting in a gain of $ 50 million upon deconsolidation of the businesses .( see note 4 to the accompanying consolidated financial statements. ) .
|
what was the 5 year total return on the b stock?
|
37.83
|
{
"answer": "37.83",
"decimal": 37.83,
"type": "float"
}
| |
contingencies we are exposed to certain known contingencies that are material to our investors .the facts and circumstances surrounding these contingencies and a discussion of their effect on us are in note 12 to our audited consolidated financial statements included elsewhere in this annual report on form 10-k .these contingencies may have a material effect on our liquidity , capital resources or results of operations .in addition , even where our reserves are adequate , the incurrence of any of these liabilities may have a material effect on our liquidity and the amount of cash available to us for other purposes .we believe that we have made appropriate arrangements in respect of the future effect on us of these known contingencies .we also believe that the amount of cash available to us from our operations , together with cash from financing , will be sufficient for us to pay any known contingencies as they become due without materially affecting our ability to conduct our operations and invest in the growth of our business .off-balance sheet arrangements we do not have any off-balance sheet arrangements except for operating leases entered into in the normal course of business .contractual obligations and commitments below is a summary of our future payment commitments by year under contractual obligations as of december 31 , 2018: .
[['( in millions )', '2019', '2020 - 2021', '2022 - 2023', 'thereafter', 'total'], ['long-term debt including interest ( 1 )', '$ 508', '$ 1287', '$ 3257', '$ 8167', '$ 13219'], ['operating leases', '167', '244', '159', '119', '689'], ['data acquisition', '289', '467', '135', '4', '895'], ['purchase obligations ( 2 )', '17', '22', '15', '8', '62'], ['commitments to unconsolidated affiliates ( 3 )', '2014', '2014', '2014', '2014', '2014'], ['benefit obligations ( 4 )', '25', '27', '29', '81', '162'], ['uncertain income tax positions ( 5 )', '17', '2014', '2014', '2014', '17'], ['total', '$ 1023', '$ 2047', '$ 3595', '$ 8379', '$ 15044']]
( 1 ) interest payments on our debt are based on the interest rates in effect on december 31 , 2018 .( 2 ) purchase obligations are defined 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 pricing provisions and the approximate timing of the transactions .( 3 ) we are currently committed to invest $ 120 million in private equity funds .as of december 31 , 2018 , we have funded approximately $ 78 million of these commitments and we have approximately $ 42 million remaining to be funded which has not been included in the above table as we are unable to predict when these commitments will be paid .( 4 ) amounts represent expected future benefit payments for our pension and postretirement benefit plans , as well as expected contributions for 2019 for our funded pension benefit plans .we made cash contributions totaling approximately $ 31 million to our defined benefit plans in 2018 , and we estimate that we will make contributions totaling approximately $ 25 million to our defined benefit plans in 2019 .due to the potential impact of future plan investment performance , changes in interest rates , changes in other economic and demographic assumptions and changes in legislation in foreign jurisdictions , we are not able to reasonably estimate the timing and amount of contributions that may be required to fund our defined benefit plans for periods beyond 2019 .( 5 ) as of december 31 , 2018 , our liability related to uncertain income tax positions was approximately $ 106 million , $ 89 million of which has not been included in the above table as we are unable to predict when these liabilities will be paid due to the uncertainties in the timing of the settlement of the income tax positions. .
|
what is the percentage change in benefits obligations from 2018 to 2019?
|
19.4%
|
{
"answer": "19.4%",
"decimal": 0.19399999999999998,
"type": "percentage"
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| |
notes to consolidated financial statements j.p .morgan chase & co .98 j.p .morgan chase & co ./ 2003 annual report securities financing activities jpmorgan chase enters into resale agreements , repurchase agreements , securities borrowed transactions and securities loaned transactions primarily to finance the firm 2019s inventory positions , acquire securities to cover short positions and settle other securities obligations .the firm also enters into these transactions to accommodate customers 2019 needs .securities purchased under resale agreements ( 201cresale agreements 201d ) and securities sold under repurchase agreements ( 201crepurchase agreements 201d ) are generally treated as collateralized financing transactions and are carried on the consolidated bal- ance sheet at the amounts the securities will be subsequently sold or repurchased , plus accrued interest .where appropriate , resale and repurchase agreements with the same counterparty are reported on a net basis in accordance with fin 41 .jpmorgan chase takes possession of securities purchased under resale agreements .on a daily basis , jpmorgan chase monitors the market value of the underlying collateral received from its counterparties , consisting primarily of u.s .and non-u.s .govern- ment and agency securities , and requests additional collateral from its counterparties when necessary .similar transactions that do not meet the sfas 140 definition of a repurchase agreement are accounted for as 201cbuys 201d and 201csells 201d rather than financing transactions .these transactions are accounted for as a purchase ( sale ) of the underlying securities with a forward obligation to sell ( purchase ) the securities .the forward purchase ( sale ) obligation , a derivative , is recorded on the consolidated balance sheet at its fair value , with changes in fair value recorded in trading revenue .notional amounts of these transactions accounted for as purchases under sfas 140 were $ 15 billion and $ 8 billion at december 31 , 2003 and 2002 , respectively .notional amounts of these transactions accounted for as sales under sfas 140 were $ 8 billion and $ 13 billion at december 31 , 2003 and 2002 , respectively .based on the short-term duration of these contracts , the unrealized gain or loss is insignificant .securities borrowed and securities lent are recorded at the amount of cash collateral advanced or received .securities bor- rowed consist primarily of government and equity securities .jpmorgan chase monitors the market value of the securities borrowed and lent on a daily basis and calls for additional col- lateral when appropriate .fees received or paid are recorded in interest income or interest expense. .
[['december 31 ( in millions )', '2003', '2002'], ['securities purchased under resale agreements', '$ 62801', '$ 57645'], ['securities borrowed', '41834', '34143'], ['securities sold under repurchase agreements', '$ 105409', '$ 161394'], ['securities loaned', '2461', '1661']]
note 10 jpmorgan chase pledges certain financial instruments it owns to collateralize repurchase agreements and other securities financ- ings .pledged securities that can be sold or repledged by the secured party are identified as financial instruments owned ( pledged to various parties ) on the consolidated balance sheet .at december 31 , 2003 , the firm had received securities as col- lateral that can be repledged , delivered or otherwise used with a fair value of approximately $ 210 billion .this collateral was gen- erally obtained under resale or securities-borrowing agreements .of these securities , approximately $ 197 billion was repledged , delivered or otherwise used , generally as collateral under repur- chase agreements , securities-lending agreements or to cover short sales .notes to consolidated financial statements j.p .morgan chase & co .loans are reported at the principal amount outstanding , net of the allowance for loan losses , unearned income and any net deferred loan fees .loans held for sale are carried at the lower of aggregate cost or fair value .loans are classified as 201ctrading 201d for secondary market trading activities where positions are bought and sold to make profits from short-term movements in price .loans held for trading purposes are included in trading assets and are carried at fair value , with the gains and losses included in trading revenue .interest income is recognized using the interest method , or on a basis approximating a level rate of return over the term of the loan .nonaccrual loans are those on which the accrual of interest is discontinued .loans ( other than certain consumer loans discussed below ) are placed on nonaccrual status immediately if , in the opinion of management , full payment of principal or interest is in doubt , or when principal or interest is 90 days or more past due and collateral , if any , is insufficient to cover prin- cipal and interest .interest accrued but not collected at the date a loan is placed on nonaccrual status is reversed against interest income .in addition , the amortization of net deferred loan fees is suspended .interest income on nonaccrual loans is recognized only to the extent it is received in cash .however , where there is doubt regarding the ultimate collectibility of loan principal , all cash thereafter received is applied to reduce the carrying value of the loan .loans are restored to accrual status only when interest and principal payments are brought current and future payments are reasonably assured .consumer loans are generally charged to the allowance for loan losses upon reaching specified stages of delinquency , in accor- dance with the federal financial institutions examination council ( 201cffiec 201d ) policy .for example , credit card loans are charged off at the earlier of 180 days past due or within 60 days from receiving notification of the filing of bankruptcy .residential mortgage products are generally charged off to net realizable value at 180 days past due .other consumer products are gener- ally charged off ( to net realizable value if collateralized ) at 120 days past due .accrued interest on residential mortgage products , automobile financings and certain other consumer loans are accounted for in accordance with the nonaccrual loan policy note 11 .
|
do residential mortgage products have a longer past due period than other consumer products ? .
|
yes
|
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american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) from december 1 through may 31 of each year .during the 2008 , 2007 and 2006 offering periods employees purchased 55764 , 48886 and 53210 shares , respectively , at weighted average prices per share of $ 30.08 , $ 33.93 and $ 24.98 , respectively .the fair value of the espp offerings is estimated on the offering period commencement date using a black-scholes pricing model with the expense recognized over the expected life , which is the six month offering period over which employees accumulate payroll deductions to purchase the company 2019s common stock .the weighted average fair value for the espp shares purchased during 2008 , 2007 and 2006 were $ 7.89 , $ 9.09 and $ 6.79 , respectively .at december 31 , 2008 , 8.8 million shares remain reserved for future issuance under the plan .key assumptions used to apply this pricing model for the years ended december 31 , are as follows: .
[['', '2008', '2007', '2006'], ['range of risk free interest rates', '1.99% ( 1.99 % ) 20143.28% ( 20143.28 % )', '4.98% ( 4.98 % ) 20145.05% ( 20145.05 % )', '5.01% ( 5.01 % ) 20145.17% ( 20145.17 % )'], ['weighted average risk-free interest rate', '2.58% ( 2.58 % )', '5.02% ( 5.02 % )', '5.08% ( 5.08 % )'], ['expected life of the shares', '6 months', '6 months', '6 months'], ['range of expected volatility of underlying stock price', '27.85% ( 27.85 % ) 201428.51% ( 201428.51 % )', '27.53% ( 27.53 % ) 201428.74% ( 201428.74 % )', '29.60% ( 29.60 % )'], ['weighted average expected volatility of underlying stock price', '28.51% ( 28.51 % )', '28.22% ( 28.22 % )', '29.60% ( 29.60 % )'], ['expected annual dividends', 'n/a', 'n/a', 'n/a']]
13 .stockholders 2019 equity warrants 2014in january 2003 , the company issued warrants to purchase approximately 11.4 million shares of its common stock in connection with an offering of 808000 units , each consisting of $ 1000 principal amount at maturity of ati 12.25% ( 12.25 % ) senior subordinated discount notes due 2008 and a warrant to purchase 14.0953 shares of the company 2019s common stock .these warrants became exercisable on january 29 , 2006 at an exercise price of $ 0.01 per share .as these warrants expired on august 1 , 2008 , none were outstanding as of december 31 , in august 2005 , the company completed its merger with spectrasite , inc .and assumed outstanding warrants to purchase shares of spectrasite , inc .common stock .as of the merger completion date , each warrant was exercisable for two shares of spectrasite , inc .common stock at an exercise price of $ 32 per warrant .upon completion of the merger , each warrant to purchase shares of spectrasite , inc .common stock automatically converted into a warrant to purchase shares of the company 2019s common stock , such that upon exercise of each warrant , the holder has a right to receive 3.575 shares of the company 2019s common stock in lieu of each share of spectrasite , inc .common stock that would have been receivable under each assumed warrant prior to the merger .upon completion of the company 2019s merger with spectrasite , inc. , these warrants were exercisable for approximately 6.8 million shares of common stock .of these warrants , warrants to purchase approximately 1.8 million and 2.0 million shares of common stock remained outstanding as of december 31 , 2008 and 2007 , respectively .these warrants will expire on february 10 , 2010 .stock repurchase programs 2014during the year ended december 31 , 2008 , the company repurchased an aggregate of approximately 18.3 million shares of its common stock for an aggregate of $ 697.1 million , including commissions and fees , pursuant to its publicly announced stock repurchase programs , as described below. .
|
for ati what was the percent of the increase in the shares bought by employees from 2007 to 2008
|
14.1%
|
{
"answer": "14.1%",
"decimal": 0.141,
"type": "percentage"
}
| |
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 , 2012 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 2017 , we repurchased 37122405 shares of our common stock at an average price of $ 110.50 .the following table presents common stock repurchases during each month for the fourth quarter of 2017 : 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', '3831636', '$ 113.61', '3800000', '89078662'], ['nov . 1 through nov . 30', '3005225', '117.07', '2937410', '86141252'], ['dec . 1 through dec . 31', '2718319', '130.76', '2494100', '83647152'], ['total', '9555180', '$ 119.58', '9231510', 'n/a']]
[a] total number of shares purchased during the quarter includes approximately 323670 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. .
|
for the fourth quarter of 2017 what was the percent of the total number of shares attested to upc by employees to pay stock option exercise prices
|
3.4%
|
{
"answer": "3.4%",
"decimal": 0.034,
"type": "percentage"
}
| |
challenging investment environment with $ 15.0 billion , or 95% ( 95 % ) , of net inflows coming from institutional clients , with the remaining $ 0.8 billion , or 5% ( 5 % ) , generated by retail and hnw clients .defined contribution plans of institutional clients remained a significant driver of flows .this client group added $ 13.1 billion of net new business in 2012 .during the year , americas net inflows of $ 18.5 billion were partially offset by net outflows of $ 2.6 billion collectively from emea and asia-pacific clients .the company 2019s multi-asset strategies include the following : 2022 asset allocation and balanced products represented 52% ( 52 % ) , or $ 140.2 billion , of multi-asset class aum at year-end , up $ 14.1 billion , with growth in aum driven by net new business of $ 1.6 billion and $ 12.4 billion in market and foreign exchange gains .these strategies combine equity , fixed income and alternative components for investors seeking a tailored solution relative to a specific benchmark and within a risk budget .in certain cases , these strategies seek to minimize downside risk through diversification , derivatives strategies and tactical asset allocation decisions .2022 target date and target risk products ended the year at $ 69.9 billion , up $ 20.8 billion , or 42% ( 42 % ) , since december 31 , 2011 .growth in aum was driven by net new business of $ 14.5 billion , a year-over-year organic growth rate of 30% ( 30 % ) .institutional investors represented 90% ( 90 % ) of target date and target risk aum , with defined contribution plans accounting for over 80% ( 80 % ) of aum .the remaining 10% ( 10 % ) of target date and target risk aum consisted of retail client investments .flows were driven by defined contribution investments in our lifepath and lifepath retirement income ae offerings , which are qualified investment options under the pension protection act of 2006 .these products utilize a proprietary asset allocation model that seeks to balance risk and return over an investment horizon based on the investor 2019s expected retirement timing .2022 fiduciary management services accounted for 22% ( 22 % ) , or $ 57.7 billion , of multi-asset aum at december 31 , 2012 and increased $ 7.7 billion during the year due to market and foreign exchange gains .these are complex mandates in which pension plan sponsors retain blackrock to assume responsibility for some or all aspects of plan management .these customized services require strong partnership with the clients 2019 investment staff and trustees in order to tailor investment strategies to meet client-specific risk budgets and return objectives .alternatives component changes in alternatives aum ( dollar amounts in millions ) 12/31/2011 net new business acquired market /fx app ( dep ) 12/31/2012 .
[['( dollar amounts in millions )', '12/31/2011', 'net new business', 'net acquired', 'market /fx app ( dep )', '12/31/2012'], ['core', '$ 63647', '$ -3922 ( 3922 )', '$ 6166', '$ 2476', '$ 68367'], ['currency and commodities', '41301', '-1547 ( 1547 )', '860', '814', '41428'], ['alternatives', '$ 104948', '$ -5469 ( 5469 )', '$ 7026', '$ 3290', '$ 109795']]
alternatives aum totaled $ 109.8 billion at year-end 2012 , up $ 4.8 billion , or 5% ( 5 % ) , reflecting $ 3.3 billion in portfolio valuation gains and $ 7.0 billion in new assets related to the acquisitions of srpep , which deepened our alternatives footprint in the european and asian markets , and claymore .core alternative outflows of $ 3.9 billion were driven almost exclusively by return of capital to clients .currency net outflows of $ 5.0 billion were partially offset by net inflows of $ 3.5 billion into ishares commodity funds .we continued to make significant investments in our alternatives platform as demonstrated by our acquisition of srpep , successful closes on the renewable power initiative and our build out of an alternatives retail platform , which now stands at nearly $ 10.0 billion in aum .we believe that as alternatives become more conventional and investors adapt their asset allocation strategies to best meet their investment objectives , they will further increase their use of alternative investments to complement core holdings .institutional investors represented 69% ( 69 % ) , or $ 75.8 billion , of alternatives aum with retail and hnw investors comprising an additional 9% ( 9 % ) , or $ 9.7 billion , at year-end 2012 .ishares commodity products accounted for the remaining $ 24.3 billion , or 22% ( 22 % ) , of aum at year-end .alternative clients are geographically diversified with 56% ( 56 % ) , 26% ( 26 % ) , and 18% ( 18 % ) of clients located in the americas , emea and asia-pacific , respectively .the blackrock alternative investors ( 201cbai 201d ) group coordinates our alternative investment efforts , including .
|
what is the percent change in alternative component changes in alternatives from 12/31/2011 to 12/31/2012?
|
4.62%
|
{
"answer": "4.62%",
"decimal": 0.0462,
"type": "percentage"
}
| |
entergy corporation and subsidiaries notes to financial statements ( a ) consists of pollution control revenue bonds and environmental revenue bonds , some of which are secured by collateral first mortgage bonds .( b ) these notes do not have a stated interest rate , but have an implicit interest rate of 4.8% ( 4.8 % ) .( c ) pursuant to the nuclear waste policy act of 1982 , entergy 2019s nuclear owner/licensee subsidiaries have contracts with the doe for spent nuclear fuel disposal service .the contracts include a one-time fee for generation prior to april 7 , 1983 .entergy arkansas is the only entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee , plus accrued interest , in long-term debt .( d ) see note 10 to the financial statements for further discussion of the waterford 3 lease obligation and entergy louisiana 2019s acquisition of the equity participant 2019s beneficial interest in the waterford 3 leased assets and for further discussion of the grand gulf lease obligation .( e ) this note does not have a stated interest rate , but has an implicit interest rate of 7.458% ( 7.458 % ) .( f ) the fair value excludes lease obligations of $ 57 million at entergy louisiana and $ 34 million at system energy , and long-term doe obligations of $ 182 million at entergy arkansas , and includes debt due within one year .fair values are classified as level 2 in the fair value hierarchy discussed in note 15 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades .the annual long-term debt maturities ( excluding lease obligations and long-term doe obligations ) for debt outstanding as of december 31 , 2016 , for the next five years are as follows : amount ( in thousands ) .
[['', 'amount ( in thousands )'], ['2017', '$ 307403'], ['2018', '$ 828084'], ['2019', '$ 724899'], ['2020', '$ 795000'], ['2021', '$ 1674548']]
in november 2000 , entergy 2019s non-utility nuclear business purchased the fitzpatrick and indian point 3 power plants in a seller-financed transaction .as part of the purchase agreement with nypa , entergy recorded a liability representing the net present value of the payments entergy would be liable to nypa for each year that the fitzpatrick and indian point 3 power plants would run beyond their respective original nrc license expiration date .in october 2015 , entergy announced a planned shutdown of fitzpatrick at the end of its fuel cycle .as a result of the announcement , entergy reduced this liability by $ 26.4 million pursuant to the terms of the purchase agreement .in august 2016 , entergy entered into a trust transfer agreement with nypa to transfer the decommissioning trust funds and decommissioning liabilities for the indian point 3 and fitzpatrick plants to entergy .as part of the trust transfer agreement , the original decommissioning agreements were amended , and the entergy subsidiaries 2019 obligation to make additional license extension payments to nypa was eliminated .in the third quarter 2016 , entergy removed the note payable of $ 35.1 million from the consolidated balance sheet .entergy louisiana , entergy mississippi , entergy texas , and system energy have obtained long-term financing authorizations from the ferc that extend through october 2017 .entergy arkansas has obtained long-term financing authorization from the apsc that extends through december 2018 .entergy new orleans has obtained long-term financing authorization from the city council that extends through june 2018 .capital funds agreement pursuant to an agreement with certain creditors , entergy corporation has agreed to supply system energy with sufficient capital to : 2022 maintain system energy 2019s equity capital at a minimum of 35% ( 35 % ) of its total capitalization ( excluding short- term debt ) ; .
|
how much were liabilities impacted by the impact of the october 2015 planned shutdown of fitzpatrick and the 2016 decommissioning of the indian point 3 and fitzpatrick?
|
61.5
|
{
"answer": "61.5",
"decimal": 61.5,
"type": "float"
}
| |
united parcel service , inc .and subsidiaries notes to consolidated financial statements 2014 ( continued ) a discount rate is used to determine the present value of our future benefit obligations .in 2008 and prior years , the discount rate for u.s .plans was determined by matching the expected cash flows to a yield curve based on long-term , high quality fixed income debt instruments available as of the measurement date .in 2008 , we reduced the population of bonds from which the yield curve was developed to better reflect bonds we would more likely consider to settle our obligations .in 2009 , we further enhanced this process for plans in the u.s .by using a bond matching approach to select specific bonds that would satisfy our projected benefit payments .we believe the bond matching approach more closely reflects the process we would employ to settle our pension and postretirement benefit obligations .these modifications had an impact of increasing the pension benefits and postretirement medical benefits discount rate on average 31 and 51 basis points for 2009 and 25 and 17 basis points for 2008 .for 2009 , each basis point increase in the discount rate decreases the projected benefit obligation by approximately $ 25 million and $ 3 million for pension and postretirement medical benefits , respectively .for our international plans , the discount rate is selected based on high quality fixed income indices available in the country in which the plan is domiciled .these assumptions are updated annually .an assumption for expected return on plan assets is used to determine a component of net periodic benefit cost for the fiscal year .this assumption for our u.s .plans was developed using a long-term projection of returns for each asset class , and taking into consideration our target asset allocation .the expected return for each asset class is a function of passive , long-term capital market assumptions and excess returns generated from active management .the capital market assumptions used are provided by independent investment advisors , while excess return assumptions are supported by historical performance , fund mandates and investment expectations .in addition , we compare the expected return on asset assumption with the average historical rate of return these plans have been able to generate .for the ups retirement plan , we use a market-related valuation method for recognizing investment gains or losses .investment gains or losses are the difference between the expected and actual return based on the market- related value of assets .this method recognizes investment gains or losses over a five year period from the year in which they occur , which reduces year-to-year volatility in pension expense .our expense in future periods will be impacted as gains or losses are recognized in the market-related value of assets .for plans outside the u.s. , consideration is given to local market expectations of long-term returns .strategic asset allocations are determined by country , based on the nature of liabilities and considering the demographic composition of the plan participants .health care cost trends are used to project future postretirement benefits payable from our plans .for year-end 2009 u.s .plan obligations , future postretirement medical benefit costs were forecasted assuming an initial annual increase of 8.0% ( 8.0 % ) , decreasing to 5.0% ( 5.0 % ) by the year 2016 and with consistent annual increases at those ultimate levels thereafter .assumed health care cost trends have a significant effect on the amounts reported for the u.s .postretirement medical plans .a one-percent change in assumed health care cost trend rates would have the following effects ( in millions ) : .
[['', '1% ( 1 % ) increase', '1% ( 1 % ) decrease'], ['effect on total of service cost and interest cost', '$ 10', '$ -10 ( 10 )'], ['effect on postretirement benefit obligation', '$ 83', '$ -87 ( 87 )']]
.
|
what is the current total of service cost and interest cost?
|
1000
|
{
"answer": "1000",
"decimal": 1000,
"type": "float"
}
| |
the graph below matches cadence design systems , inc . 2019s cumulative 5-year total shareholder return on common stock with the cumulative total returns of the s&p 500 index , the s&p information technology index , and the nasdaq composite index .the graph assumes that the value of the investment in our common stock , and in each index ( including reinvestment of dividends ) was $ 100 on december 28 , 2002 and tracks it through december 29 , 2007 .comparison of 5 year cumulative total return* among cadence design systems , inc. , the s&p 500 index , the nasdaq composite index and the s&p information technology index 12/29/0712/30/0612/31/051/1/051/3/0412/28/02 cadence design systems , inc .nasdaq composite s & p information technology s & p 500 * $ 100 invested on 12/28/02 in stock or on 12/31/02 in index-including reinvestment of dividends .indexes calculated on month-end basis .copyright b7 2007 , standard & poor 2019s , a division of the mcgraw-hill companies , inc .all rights reserved .www.researchdatagroup.com/s&p.htm .
[['', '12/28/02', '1/3/04', '1/1/05', '12/31/05', '12/30/06', '12/29/07'], ['cadence design systems inc .', '100.00', '149.92', '113.38', '138.92', '147.04', '139.82'], ['s & p 500', '100.00', '128.68', '142.69', '149.70', '173.34', '182.87'], ['nasdaq composite', '100.00', '149.75', '164.64', '168.60', '187.83', '205.22'], ['s & p information technology', '100.00', '147.23', '150.99', '152.49', '165.32', '192.28']]
the stock price performance included in this graph is not necessarily indicative of future stock price performance .
|
what is the roi of an investment in s&p500 from 2006 to 2007?
|
5.5%
|
{
"answer": "5.5%",
"decimal": 0.055,
"type": "percentage"
}
| |
news corporation notes to the consolidated financial statements consideration over the fair value of the net tangible and intangible assets acquired was recorded as goodwill .the allocation is as follows ( in millions ) : assets acquired: .
[['intangible assets', '$ 220'], ['goodwill', '115'], ['net liabilities', '-50 ( 50 )'], ['total net assets acquired', '$ 285']]
the acquired intangible assets primarily relate to broadcast licenses , which have a fair value of approximately $ 185 million , tradenames , which have a fair value of approximately $ 27 million , and customer relationships with a fair value of approximately $ 8 million .the broadcast licenses and tradenames have indefinite lives and the customer relationships are being amortized over a weighted-average useful life of approximately 6 years .wireless group 2019s results are included within the news and information services segment , and it is considered a separate reporting unit for purposes of the company 2019s annual goodwill impairment review .rea group european business in december 2016 , rea group , in which the company holds a 61.6% ( 61.6 % ) interest , sold its european business for approximately $ 140 million ( approximately 20ac133 million ) in cash , which resulted in a pre-tax gain of $ 107 million for the fiscal year ended june 30 , 2017 .the sale allows rea group to focus on its core businesses in australia and asia .in addition to the acquisitions noted above and the investments referenced in note 6 2014investments , the company used $ 62 million of cash for additional acquisitions during fiscal 2017 , primarily consisting of australian regional media ( 201carm 201d ) .arm 2019s results are included within the news and information services segment .note 5 .restructuring programs the company recorded restructuring charges of $ 92 million , $ 71 million and $ 142 million for the fiscal years ended june 30 , 2019 , 2018 and 2017 , respectively , of which $ 77 million , $ 58 million and $ 133 million related to the news and information services segment , respectively .the restructuring charges recorded in fiscal 2019 , 2018 and 2017 were primarily for employee termination benefits. .
|
what percent of total net assets acquired was intangible assets?
|
77%
|
{
"answer": "77%",
"decimal": 0.77,
"type": "percentage"
}
| |
consolidated income statement review net income for 2009 was $ 2.4 billion and for 2008 was $ 914 million .amounts for 2009 include operating results of national city and the fourth quarter impact of a $ 687 million after-tax gain related to blackrock 2019s acquisition of bgi .increases in income statement comparisons to 2008 , except as noted , are primarily due to the operating results of national city .our consolidated income statement is presented in item 8 of this report .net interest income and net interest margin year ended december 31 dollars in millions 2009 2008 .
[['year ended december 31 dollars in millions', '2009', '2008'], ['net interest income', '$ 9083', '$ 3854'], ['net interest margin', '3.82% ( 3.82 % )', '3.37% ( 3.37 % )']]
changes in net interest income and margin result from the interaction of the volume and composition of interest-earning assets and related yields , interest-bearing liabilities and related rates paid , and noninterest-bearing sources of funding .see statistical information 2013 analysis of year-to-year changes in net interest ( unaudited ) income and average consolidated balance sheet and net interest analysis in item 8 of this report for additional information .higher net interest income for 2009 compared with 2008 reflected the increase in average interest-earning assets due to national city and the improvement in the net interest margin .the net interest margin was 3.82% ( 3.82 % ) for 2009 and 3.37% ( 3.37 % ) for 2008 .the following factors impacted the comparison : 2022 a decrease in the rate accrued on interest-bearing liabilities of 97 basis points .the rate accrued on interest-bearing deposits , the largest component , decreased 107 basis points .2022 these factors were partially offset by a 45 basis point decrease in the yield on interest-earning assets .the yield on loans , which represented the largest portion of our earning assets in 2009 , decreased 30 basis points .2022 in addition , the impact of noninterest-bearing sources of funding decreased 7 basis points .for comparing to the broader market , the average federal funds rate was .16% ( .16 % ) for 2009 compared with 1.94% ( 1.94 % ) for 2008 .we expect our net interest income for 2010 will likely be modestly lower as a result of cash recoveries on purchased impaired loans in 2009 and additional run-off of higher- yielding assets , which could be mitigated by rising interest rates .this assumes our current expectations for interest rates and economic conditions 2013 we include our current economic assumptions underlying our forward-looking statements in the cautionary statement regarding forward-looking information section of this item 7 .noninterest income summary noninterest income was $ 7.1 billion for 2009 and $ 2.4 billion for 2008 .noninterest income for 2009 included the following : 2022 the gain on blackrock/bgi transaction of $ 1.076 billion , 2022 net credit-related other-than-temporary impairments ( otti ) on debt and equity securities of $ 577 million , 2022 net gains on sales of securities of $ 550 million , 2022 gains on hedging of residential mortgage servicing rights of $ 355 million , 2022 valuation and sale income related to our commercial mortgage loans held for sale , net of hedges , of $ 107 million , 2022 gains of $ 103 million related to our blackrock ltip shares adjustment in the first quarter , and net losses on private equity and alternative investments of $ 93 million .noninterest income for 2008 included the following : 2022 net otti on debt and equity securities of $ 312 million , 2022 gains of $ 246 million related to our blackrock ltip shares adjustment , 2022 valuation and sale losses related to our commercial mortgage loans held for sale , net of hedges , of $ 197 million , 2022 impairment and other losses related to private equity and alternative investments of $ 180 million , 2022 income from hilliard lyons totaling $ 164 million , including the first quarter gain of $ 114 million from the sale of this business , 2022 net gains on sales of securities of $ 106 million , and 2022 a gain of $ 95 million related to the redemption of a portion of our visa class b common shares related to visa 2019s march 2008 initial public offering .additional analysis asset management revenue increased $ 172 million to $ 858 million in 2009 , compared with $ 686 million in 2008 .this increase reflected improving equity markets , new business generation and a shift in assets into higher yielding equity investments during the second half of 2009 .assets managed totaled $ 103 billion at both december 31 , 2009 and 2008 , including the impact of national city .the asset management group section of the business segments review section of this item 7 includes further discussion of assets under management .consumer services fees totaled $ 1.290 billion in 2009 compared with $ 623 million in 2008 .service charges on deposits totaled $ 950 million for 2009 and $ 372 million for 2008 .both increases were primarily driven by the impact of the national city acquisition .reduced consumer spending .
|
what was the average net interest margin in% ( in % ) for 2009 and 2008.?
|
3.6
|
{
"answer": "3.6",
"decimal": 3.6,
"type": "float"
}
| |
entergy corporation and subsidiaries notes to financial statements as of december 31 , 2008 , system energy had future minimum lease payments ( reflecting an implicit rate of 5.13% ( 5.13 % ) ) , which are recorded as long-term debt as follows : amount ( in thousands ) .
[['', 'amount ( in thousands )'], ['2009', '$ 47760'], ['2010', '48569'], ['2011', '49437'], ['2012', '49959'], ['2013', '50546'], ['years thereafter', '103890'], ['total', '350161'], ['less : amount representing interest', '54857'], ['present value of net minimum lease payments', '$ 295304']]
.
|
what percent lower is the net present than the total payments value of lease payments?
|
15.67%
|
{
"answer": "15.67%",
"decimal": 0.1567,
"type": "percentage"
}
| |
page 26 of 100 our calculation of adjusted net earnings is summarized below: .
[['( $ in millions except per share amounts )', '2010', '2009', '2008'], ['net earnings attributable to ball corporation as reported', '$ 468.0', '$ 387.9', '$ 319.5'], ['discontinued operations net of tax', '74.9', '2.2', '-4.6 ( 4.6 )'], ['business consolidation activities net of tax', '-9.3 ( 9.3 )', '13.0', '27.1'], ['gains and equity earnings related to acquisitions net of tax', '-105.9 ( 105.9 )', '2212', '2212'], ['gain on dispositions net of tax', '2212', '-30.7 ( 30.7 )', '-4.4 ( 4.4 )'], ['debt refinancing costs net of tax', '5.3', '2212', '2212'], ['adjusted net earnings', '$ 433.0', '$ 372.4', '$ 337.6'], ['per diluted share from continuing operations as reported', '$ 2.96', '$ 2.05', '$ 1.62'], ['per diluted share as adjusted', '2.36', '1.96', '1.74']]
debt facilities and refinancing interest-bearing debt at december 31 , 2010 , increased $ 216.1 million to $ 2.8 billion from $ 2.6 billion at december 31 , 2009 .in december 2010 , ball replaced its senior credit facilities due october 2011 with new senior credit facilities due december 2015 .the senior credit facilities bear interest at variable rates and include a $ 200 million term a loan denominated in u.s .dollars , a a351 million term b loan denominated in british sterling and a 20ac100 million term c loan denominated in euros .the facilities also include ( 1 ) a multi-currency , long-term revolving credit facility that provides the company with up to approximately $ 850 million and ( 2 ) a french multi-currency revolving facility that provides the company with up to $ 150 million .the revolving credit facilities expire in december 2015 .in november 2010 , ball issued $ 500 million of new 5.75 percent senior notes due in may 2021 .the net proceeds from this offering were used to repay the borrowings under our term d loan facility and for general corporate purposes .in march 2010 , ball issued $ 500 million of new 6.75 percent senior notes due in september 2020 .on that same date , the company issued a notice of redemption to call $ 509 million in 6.875 percent senior notes due december 2012 at a redemption price of 101.146 percent of the outstanding principal amount plus accrued interest .the redemption of the bonds occurred on april 21 , 2010 , and resulted in a charge of $ 8.1 million for the call premium and the write off of unamortized financing costs and unamortized premiums .the charge is included in the 2010 statement of earnings as a component of interest expense .at december 31 , 2010 , approximately $ 976 million was available under the company 2019s committed multi-currency revolving credit facilities .the company 2019s prc operations also had approximately $ 20 million available under a committed credit facility of approximately $ 52 million .in addition to the long-term committed credit facilities , the company had $ 372 million of short-term uncommitted credit facilities available at the end of 2010 , of which $ 76.2 million was outstanding and due on demand , as well as approximately $ 175 million of available borrowings under its accounts receivable securitization program .in october 2010 , the company renewed its receivables sales agreement for a period of one year .the size of the new program will vary between a maximum of $ 125 million for settlement dates in january through april and a maximum of $ 175 million for settlement dates in the remaining months .given our free cash flow projections and unused credit facilities that are available until december 2015 , our liquidity is strong and is expected to meet our ongoing operating cash flow and debt service requirements .while the recent financial and economic conditions have raised concerns about credit risk with counterparties to derivative transactions , the company mitigates its exposure by spreading the risk among various counterparties and limiting exposure to any one party .we also monitor the credit ratings of our suppliers , customers , lenders and counterparties on a regular basis .we were in compliance with all loan agreements at december 31 , 2010 , and all prior years presented , and have met all debt payment obligations .the u.s .note agreements , bank credit agreement and industrial development revenue bond agreements contain certain restrictions relating to dividends , investments , financial ratios , guarantees and the incurrence of additional indebtedness .additional details about our debt and receivables sales agreements are available in notes 12 and 6 , respectively , accompanying the consolidated financial statements within item 8 of this report. .
|
for the receivables sales agreement , what is the increase in the size of the new program in the last 8 months of the year compared to the first 4 months ( in millions ) ?
|
50
|
{
"answer": "50",
"decimal": 50,
"type": "float"
}
| |
impairment of long-lived assets , goodwill and intangible assets - we assess our long-lived assets for impairment based on statement 144 , 201caccounting for the impairment or disposal of long-lived assets . 201d a long-lived asset is tested for impairment whenever events or changes in circumstances indicate that its carrying amount may exceed its fair value .fair values are based on the sum of the undiscounted future cash flows expected to result from the use and eventual disposition of the assets .we assess our goodwill and intangible assets for impairment at least annually based on statement 142 , 201cgoodwill and other intangible assets . 201d there were no impairment charges resulting from the july 1 , 2007 , impairment tests and no events indicating an impairment have occurred subsequent to that date .an initial assessment is made by comparing the fair value of the operations with goodwill , as determined in accordance with statement 142 , to the book value of each reporting unit .if the fair value is less than the book value , an impairment is indicated , and we must perform a second test to measure the amount of the impairment .in the second test , we calculate the implied fair value of the goodwill by deducting the fair value of all tangible and intangible net assets of the operations with goodwill from the fair value determined in step one of the assessment .if the carrying value of the goodwill exceeds this calculated implied fair value of the goodwill , we will record an impairment charge .at december 31 , 2007 , we had $ 600.7 million of goodwill recorded on our consolidated balance sheet as shown below. .
[['', '( thousands of dollars )'], ['oneok partners', '$ 431418'], ['distribution', '157953'], ['energy services', '10255'], ['other', '1099'], ['total goodwill', '$ 600725']]
( thousands of dollars ) intangible assets with a finite useful life are amortized over their estimated useful life , while intangible assets with an indefinite useful life are not amortized .all intangible assets are subject to impairment testing .our oneok partners segment had $ 443.0 million of intangible assets recorded on our consolidated balance sheet as of december 31 , 2007 , of which $ 287.5 million is being amortized over an aggregate weighted-average period of 40 years , while the remaining balance has an indefinite life .during 2006 , we recorded a goodwill and asset impairment related to oneok partners 2019 black mesa pipeline of $ 8.4 million and $ 3.6 million , respectively , which were recorded as depreciation and amortization .the reduction to our net income , net of minority interests and income taxes , was $ 3.0 million .in the third quarter of 2005 , we made the decision to sell our spring creek power plant , located in oklahoma , and exit the power generation business .in october 2005 , we concluded that our spring creek power plant had been impaired and recorded an impairment expense of $ 52.2 million .this conclusion was based on our statement 144 impairment analysis of the results of operations for this plant through september 30 , 2005 , and also the net sales proceeds from the anticipated sale of the plant .the sale was completed on october 31 , 2006 .this component of our business is accounted for as discontinued operations in accordance with statement 144 .see 201cdiscontinued operations 201d on page 46 for additional information .our total unamortized excess cost over underlying fair value of net assets accounted for under the equity method was $ 185.6 million as of december 31 , 2007 and 2006 .based on statement 142 , this amount , referred to as equity method goodwill , should continue to be recognized in accordance with apb opinion no .18 , 201cthe equity method of accounting for investments in common stock . 201d accordingly , we included this amount in investment in unconsolidated affiliates on our accompanying consolidated balance sheets .pension and postretirement employee benefits - we have defined benefit retirement plans covering certain full-time employees .we sponsor welfare plans that provide postretirement medical and life insurance benefits to certain employees who retire with at least five years of service .our actuarial consultant calculates the expense and liability related to these plans and uses statistical and other factors that attempt to anticipate future events .these factors include assumptions about the discount rate , expected return on plan assets , rate of future compensation increases , age and employment periods .in determining the projected benefit obligations and costs , assumptions can change from period to period and result in material changes in the costs and liabilities we recognize .see note j of the notes to consolidated financial statements in this annual report on form 10-k for additional information. .
|
what percentage of total goodwill does oneok partners represent at december 31 , 2007?
|
72%
|
{
"answer": "72%",
"decimal": 0.72,
"type": "percentage"
}
| |
( 2 ) our union-represented mainline employees are covered by agreements that are not currently amendable .joint collective bargaining agreements ( jcbas ) have been reached with post-merger employee groups , except the maintenance , fleet service , stock clerks , maintenance control technicians and maintenance training instructors represented by the twu-iam association who are covered by separate cbas that become amendable in the third quarter of 2018 .until those agreements become amendable , negotiations for jcbas will be conducted outside the traditional rla bargaining process as described above , and , in the meantime , no self-help will be permissible .( 3 ) among our wholly-owned regional subsidiaries , the psa mechanics and flight attendants have agreements that are now amendable and are engaged in traditional rla negotiations .the envoy passenger service employees are engaged in traditional rla negotiations for an initial cba .the piedmont fleet and passenger service employees have reached a tentative five-year agreement which is subject to membership ratification .for more discussion , see part i , item 1a .risk factors 2013 201cunion disputes , employee strikes and other labor-related disruptions may adversely affect our operations . 201d aircraft fuel our operations and financial results are significantly affected by the availability and price of jet fuel , which is our second largest expense .based on our 2018 forecasted mainline and regional fuel consumption , we estimate that a one cent per gallon increase in aviation fuel price would increase our 2018 annual fuel expense by $ 45 million .the following table shows annual aircraft fuel consumption and costs , including taxes , for our mainline and regional operations for 2017 , 2016 and 2015 ( gallons and aircraft fuel expense in millions ) .year gallons average price per gallon aircraft fuel expense percent of total operating expenses .
[['year', 'gallons', 'average priceper gallon', 'aircraft fuelexpense', 'percent of totaloperating expenses'], ['2017', '4352', '$ 1.73', '$ 7510', '19.7% ( 19.7 % )'], ['2016', '4347', '1.42', '6180', '17.7% ( 17.7 % )'], ['2015', '4323', '1.72', '7456', '21.4% ( 21.4 % )']]
as of december 31 , 2017 , we did not have any fuel hedging contracts outstanding to hedge our fuel consumption .as such , and assuming we do not enter into any future transactions to hedge our fuel consumption , we will continue to be fully exposed to fluctuations in fuel prices .our current policy is not to enter into transactions to hedge our fuel consumption , although we review that policy from time to time based on market conditions and other factors .fuel prices have fluctuated substantially over the past several years .we cannot predict the future availability , price volatility or cost of aircraft fuel .natural disasters ( including hurricanes or similar events in the u.s .southeast and on the gulf coast where a significant portion of domestic refining capacity is located ) , political disruptions or wars involving oil-producing countries , changes in fuel-related governmental policy , the strength of the u.s .dollar against foreign currencies , changes in access to petroleum product pipelines and terminals , speculation in the energy futures markets , changes in aircraft fuel production capacity , environmental concerns and other unpredictable events may result in fuel supply shortages , distribution challenges , additional fuel price volatility and cost increases in the future .see part i , item 1a .risk factors 2013 201cour business is very dependent on the price and availability of aircraft fuel .continued periods of high volatility in fuel costs , increased fuel prices or significant disruptions in the supply of aircraft fuel could have a significant negative impact on our operating results and liquidity . 201d seasonality and other factors due to the greater demand for air travel during the summer months , revenues in the airline industry in the second and third quarters of the year tend to be greater than revenues in the first and fourth quarters of the year .general economic conditions , fears of terrorism or war , fare initiatives , fluctuations in fuel prices , labor actions , weather , natural disasters , outbreaks of disease and other factors could impact this seasonal pattern .therefore , our quarterly results of operations are not necessarily indicative of operating results for the entire year , and historical operating results in a quarterly or annual period are not necessarily indicative of future operating results. .
|
based on the information provided what was the total operating expenses in 2016 in millions
|
34915
|
{
"answer": "34915",
"decimal": 34915,
"type": "float"
}
| |
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) company is currently unable to estimate the impact of the amount of such changes , if any , to previously recorded uncertain tax positions .a reconciliation of the beginning and ending amount of unrecognized tax benefits for the year ending december 31 , 2007 is as follows ( in thousands ) : .
[['balance at january 1 2007', '$ 183953'], ['additions based on tax positions related to the current year', '2598'], ['additions for tax positions of prior years', '5412'], ['reductions for tax positions of prior years', '-120016 ( 120016 )'], ['cash advance in connection with proposed settlement', '-6682 ( 6682 )'], ['settlements with taxing authorities', '-5372 ( 5372 )'], ['reductions as a result of the lapse of statute of limitations', '-669 ( 669 )'], ['balance as of december 31 2007', '$ 59224']]
during the year ended december 31 , 2007 , the company recorded penalties and tax-related interest income of $ 2.5 million and interest income from tax refunds of $ 1.5 million for the year ended december 31 , 2007 .as of december 31 , 2007 and january 1 , 2007 , the total unrecognized tax benefits included in other long-term liabilities in the consolidated balance sheets was $ 29.6 million and $ 34.3 million , respectively .as of december 31 , 2007 and january 1 , 2007 , the total amount of accrued income tax-related interest and penalties included in other long-term liabilities in the consolidated balance sheets was $ 30.7 million and $ 33.2 million , respectively .in the fourth quarter of 2007 , the company entered into a tax amnesty program with the mexican tax authority .as of december 31 , 2007 , the company had met all of the administrative requirements of the program , which enabled the company to recognize certain tax benefits .this was confirmed by the mexican tax authority on february 5 , 2008 .these benefits include a reduction of uncertain tax benefits of $ 5.4 million along with penalties and interest of $ 12.5 million related to 2002 , all of which reduced income tax expense .in connection with the above program , the company paid $ 6.7 million to the mexican tax authority as a settlement offer for other uncertain tax positions related to 2003 and 2004 .this offer is currently under review by the mexican tax authority ; the company cannot yet determine the specific timing or the amount of any potential settlement .during 2007 , the statute of limitations on certain unrecognized tax benefits lapsed , which resulted in a $ 0.7 million decrease in the liability for uncertain tax benefits , all of which reduced the income tax provision .the company files numerous consolidated and separate income tax returns , including u.s .federal and state tax returns and foreign tax returns in mexico and brazil .as a result of the company 2019s ability to carry forward federal and state net operating losses , the applicable tax years remain open to examination until three years after the applicable loss carryforwards have been used or expired .however , the company has completed u.s .federal income tax examinations for tax years up to and including 2002 .the company is currently undergoing u.s .federal income tax examinations for tax years 2004 and 2005 .additionally , it is subject to examinations in various u.s .state jurisdictions for certain tax years , and is under examination in brazil for the 2001 through 2006 tax years and mexico for the 2002 tax year .sfas no .109 , 201caccounting for income taxes , 201d requires that companies record a valuation allowance when it is 201cmore likely than not that some portion or all of the deferred tax assets will not be realized . 201d at december 31 , 2007 , the company has provided a valuation allowance of approximately $ 88.2 million , including approximately .
|
as of december 31 , 2007 , interest and penalties were what percent of the total unrecognized tax benefits included in other long-term liabilities?
|
104%
|
{
"answer": "104%",
"decimal": 1.04,
"type": "percentage"
}
| |
item 7 .management 2019s discussion and analysis of financial condition and results of operations executive summary international paper 2019s operating results in 2007 bene- fited from significantly higher paper and packaging price realizations .sales volumes were slightly high- er , with growth in overseas markets partially offset by lower volumes in north america as we continued to balance our production with our customers 2019 demand .operationally , our pulp and paper and containerboard mills ran very well in 2007 .however , input costs for wood , energy and transportation costs were all well above 2006 levels .in our forest products business , earnings decreased 31% ( 31 % ) reflect- ing a sharp decline in harvest income and a smaller drop in forestland and real estate sales , both reflect- ing our forestland divestitures in 2006 .interest expense decreased over 40% ( 40 % ) , principally due to lower debt balances and interest rates from debt repayments and refinancings .looking forward to the first quarter of 2008 , we expect demand for north american printing papers and packaging to remain steady .however , if the economic downturn in 2008 is greater than expected , this could have a negative impact on sales volumes and earnings .some slight increases in paper and packaging price realizations are expected as we implement our announced price increases .however , first quarter earnings will reflect increased planned maintenance expenses and continued escalation of wood , energy and transportation costs .as a result , excluding the impact of projected reduced earnings from land sales and the addition of equity earnings contributions from our recent investment in ilim holding s.a .in russia , we expect 2008 first-quarter earnings to be lower than in the 2007 fourth quarter .results of operations industry segment operating profits are used by inter- national paper 2019s management to measure the earn- ings performance of its businesses .management believes that this measure allows a better under- standing of trends in costs , operating efficiencies , prices and volumes .industry segment operating profits are defined as earnings before taxes and minority interest , interest expense , corporate items and corporate special items .industry segment oper- ating profits are defined by the securities and exchange commission as a non-gaap financial measure , and are not gaap alternatives to net earn- ings or any other operating measure prescribed by accounting principles generally accepted in the united states .international paper operates in six segments : print- ing papers , industrial packaging , consumer pack- aging , distribution , forest products , and specialty businesses and other .the following table shows the components of net earnings for each of the last three years : in millions 2007 2006 2005 .
[['in millions', '2007', '2006', '2005'], ['industry segment operating profits', '$ 2423', '$ 2074', '$ 1622'], ['corporate items net', '-732 ( 732 )', '-746 ( 746 )', '-607 ( 607 )'], ['corporate special items*', '241', '2373', '-134 ( 134 )'], ['interest expense net', '-297 ( 297 )', '-521 ( 521 )', '-595 ( 595 )'], ['minority interest', '-5 ( 5 )', '-9 ( 9 )', '-9 ( 9 )'], ['income tax benefit ( provision )', '-415 ( 415 )', '-1889 ( 1889 )', '407'], ['discontinued operations', '-47 ( 47 )', '-232 ( 232 )', '416'], ['net earnings', '$ 1168', '$ 1050', '$ 1100']]
* corporate special items include restructuring and other charg- es , net ( gains ) losses on sales and impairments of businesses , gains on transformation plan forestland sales , goodwill impairment charges , insurance recoveries and reversals of reserves no longer required .industry segment operating profits of $ 2.4 billion were $ 349 million higher in 2007 than in 2006 due principally to the benefits from higher average price realizations ( $ 461 million ) , the net impact of cost reduction initiatives , improved operating perform- ance and a more favorable mix of products sold ( $ 304 million ) , higher sales volumes ( $ 17 million ) , lower special item costs ( $ 115 million ) and other items ( $ 4 million ) .these benefits more than offset the impacts of higher energy , raw material and freight costs ( $ 205 million ) , higher costs for planned mill maintenance outages ( $ 48 million ) , lower earn- ings from land sales ( $ 101 million ) , costs at the pensacola mill associated with the conversion of a machine to the production of linerboard ( $ 52 million ) and reduced earnings due to net acquisitions and divestitures ( $ 146 million ) .segment operating profit ( in millions ) $ 2074 ( $ 205 ) ( $ 48 ) $ 17 ( $ 244 ) $ 2423$ 4 ( $ 52 ) ( $ 101 ) $ 461 $ 1000 $ 1500 $ 2000 $ 2500 $ 3000 .
|
what was the percentage change in industry segment operating profits from 2006 to 2007?
|
17%
|
{
"answer": "17%",
"decimal": 0.17,
"type": "percentage"
}
| |
as of december 31 , 2017 , the aggregate future minimum payments under non-cancelable operating leases consist of the following ( in thousands ) : years ending december 31 .
[['2018', '$ 9127'], ['2019', '8336'], ['2020', '8350'], ['2021', '7741'], ['2022', '7577'], ['thereafter', '9873'], ['total minimum future lease payments', '$ 51004']]
rent expense for all operating leases amounted to $ 9.4 million , $ 8.1 million and $ 5.4 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively .financing obligation 2014build-to-suit lease in august 2012 , we executed a lease for a building then under construction in santa clara , california to serve as our headquarters .the lease term is 120 months and commenced in august 2013 .based on the terms of the lease agreement and due to our involvement in certain aspects of the construction , we were deemed the owner of the building ( for accounting purposes only ) during the construction period .upon completion of construction in 2013 , we concluded that we had forms of continued economic involvement in the facility , and therefore did not meet with the provisions for sale-leaseback accounting .we continue to maintain involvement in the property post construction and lack transferability of the risks and rewards of ownership , due to our required maintenance of a $ 4.0 million letter of credit , in addition to our ability and option to sublease our portion of the leased building for fees substantially higher than our base rate .therefore , the lease is accounted for as a financing obligation and lease payments will be attributed to ( 1 ) a reduction of the principal financing obligation ; ( 2 ) imputed interest expense ; and ( 3 ) land lease expense , representing an imputed cost to lease the underlying land of the building .at the conclusion of the initial lease term , we will de-recognize both the net book values of the asset and the remaining financing obligation .as of december 31 , 2017 and 2016 , we have recorded assets of $ 53.4 million , representing the total costs of the building and improvements incurred , including the costs paid by the lessor ( the legal owner of the building ) and additional improvement costs paid by us , and a corresponding financing obligation of $ 39.6 million and $ 41.2 million , respectively .as of december 31 , 2017 , $ 1.9 million and $ 37.7 million were recorded as short-term and long-term financing obligations , respectively .land lease expense under our lease financing obligation amounted to $ 1.3 million for each of the years ended december 31 , 2017 , 2016 and 2015 respectively. .
|
what is the total rent expense for the period from december 31 , 2017 , 2016 and 2015 in millions
|
22.9
|
{
"answer": "22.9",
"decimal": 22.9,
"type": "float"
}
| |
global brand concepts american living american living is the first brand developed under the newglobal brand concepts group .american living is a full lifestyle brand , featuring menswear , womenswear , childrenswear , accessories and home furnishings with a focus on timeless , authentic american classics for every day .american living is available exclusively at jcpenney in the u.s .and online at jcp.com .our wholesale segment our wholesale segment sells our products to leading upscale and certain mid-tier department stores , specialty stores and golf and pro shops , both domestically and internationally .we have focused on elevating our brand and improving productivity by reducing the number of unproductive doors within department stores in which our products are sold , improving in-store product assortment and presentation , and improving full-price sell-throughs to consumers .as of march 29 , 2008 , the end of fiscal 2008 , our products were sold through 10806 doors worldwide , and during fiscal 2008 , we invested approximately $ 49 million in shop-within-shops dedicated to our products primarily in domestic and international department stores .we have also effected selective price increases on basic products and introduced new fashion offerings at higher price points .department stores are our major wholesale customers in north america .in europe , our wholesale sales are a varying mix of sales to both department stores and specialty shops , depending on the country .our collection brands 2014 women 2019s ralph lauren collection and black label and men 2019s purple label collection and black label 2014 are distributed through a limited number of premier fashion retailers .in addition , we sell excess and out- of-season products through secondary distribution channels , including our retail factory stores .in japan , our products are distributed primarily through shop-within-shops at premiere department stores .the mix of business is weighted to polo ralph lauren inmen 2019s andwomen 2019s blue label .the distribution of men 2019s and women 2019s black label is also expanding through shop-within-shop presentations in top tier department stores across japan .worldwide distribution channels the following table presents the approximate number of doors by geographic location , in which products distributed by our wholesale segment were sold to consumers as of march 29 , 2008 : location number of doors ( a ) .
[['location', 'number of doors ( a )'], ['united states and canada', '8611'], ['europe', '2075'], ['japan', '120'], ['total', '10806']]
( a ) in asia/pacific ( excluding japan ) , our products are distributed by our licensing partners .the following department store chains werewholesale customers whose purchases represented more than 10% ( 10 % ) of our worldwide wholesale net sales for the year ended march 29 , 2008 : 2022 macy 2019s , inc .( formerly known as federated department stores , inc. ) , which represented approximately 24% ( 24 % ) ; and 2022 dillard department stores , inc. , which represented approximately 12% ( 12 % ) .our product brands are sold primarily through their own sales forces .our wholesale segment maintains their primary showrooms in new york city .in addition , we maintain regional showrooms in atlanta , chicago , dallas , los angeles , milan , paris , london , munich , madrid and stockholm. .
|
what percentage of the wholesale segment as of march 29 , 2008 doors was in the europe geography?
|
19%
|
{
"answer": "19%",
"decimal": 0.19,
"type": "percentage"
}
| |
entergy new orleans , inc .management 2019s financial discussion and analysis plan to spin off the utility 2019s transmission business see the 201cplan to spin off the utility 2019s transmission business 201d section of entergy corporation and subsidiaries management 2019s financial discussion and analysis for a discussion of this matter , including the planned retirement of debt and preferred securities .results of operations net income 2011 compared to 2010 net income increased $ 4.9 million primarily due to lower other operation and maintenance expenses , lower taxes other than income taxes , a lower effective income tax rate , and lower interest expense , partially offset by lower net revenue .2010 compared to 2009 net income remained relatively unchanged , increasing $ 0.6 million , primarily due to higher net revenue and lower interest expense , almost entirely offset by higher other operation and maintenance expenses , higher taxes other than income taxes , lower other income , and higher depreciation and amortization expenses .net revenue 2011 compared to 2010 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 2011 to 2010 .amount ( in millions ) .
[['', 'amount ( in millions )'], ['2010 net revenue', '$ 272.9'], ['retail electric price', '-16.9 ( 16.9 )'], ['net gas revenue', '-9.1 ( 9.1 )'], ['gas cost recovery asset', '-3.0 ( 3.0 )'], ['volume/weather', '5.4'], ['other', '-2.3 ( 2.3 )'], ['2011 net revenue', '$ 247.0']]
the retail electric price variance is primarily due to formula rate plan decreases effective october 2010 and october 2011 .see note 2 to the financial statements for a discussion of the formula rate plan filing .the net gas revenue variance is primarily due to milder weather in 2011 compared to 2010 .the gas cost recovery asset variance is primarily due to the recognition in 2010 of a $ 3 million gas operations regulatory asset associated with the settlement of entergy new orleans 2019s electric and gas formula rate plan case and the amortization of that asset .see note 2 to the financial statements for additional discussion of the formula rate plan settlement. .
|
what was the average net revenue between 2010 and 2011
|
259.95
|
{
"answer": "259.95",
"decimal": 259.95,
"type": "float"
}
| |
on may 20 , 2015 , aon plc issued $ 600 million of 4.750% ( 4.750 % ) senior notes due may 2045 .the 4.750% ( 4.750 % ) notes due may 2045 are fully and unconditionally guaranteed by aon corporation .we used the proceeds of the issuance for general corporate purposes .on september 30 , 2015 , $ 600 million of 3.50% ( 3.50 % ) senior notes issued by aon corporation matured and were repaid .on november 13 , 2015 , aon plc issued $ 400 million of 2.80% ( 2.80 % ) senior notes due march 2021 .the 2.80% ( 2.80 % ) notes due march 2021 are fully and unconditionally guaranteed by aon corporation .we used the proceeds of the issuance for general corporate purposes .credit facilities as of december 31 , 2015 , we had two committed credit facilities outstanding : our $ 400 million u.s .credit facility expiring in march 2017 ( the "2017 facility" ) and $ 900 million multi-currency u.s .credit facility expiring in february 2020 ( the "2020 facility" ) .the 2020 facility was entered into on february 2 , 2015 and replaced the previous 20ac650 million european credit facility .each of these facilities is intended to support our commercial paper obligations and our general working capital needs .in addition , each of these facilities includes customary representations , warranties and covenants , including financial covenants that require us to maintain specified ratios of adjusted consolidated ebitda to consolidated interest expense and consolidated debt to adjusted consolidated ebitda , tested quarterly .at december 31 , 2015 , we did not have borrowings under either the 2017 facility or the 2020 facility , and we were in compliance with the financial covenants and all other covenants contained therein during the twelve months ended december 31 , 2015 .effective february 2 , 2016 , the 2020 facility terms were extended for 1 year and will expire in february 2021 our total debt-to-ebitda ratio at december 31 , 2015 and 2014 , is calculated as follows: .
[['years ended december 31,', '2015', '2014'], ['net income', '1422', '1431'], ['interest expense', '273', '255'], ['income taxes', '267', '334'], ['depreciation of fixed assets', '229', '242'], ['amortization of intangible assets', '314', '352'], ['total ebitda', '2505', '2614'], ['total debt', '5737', '5582'], ['total debt-to-ebitda ratio', '2.3', '2.1']]
we use ebitda , as defined by our financial covenants , as a non-gaap measure .this supplemental information related to ebitda represents a measure not in accordance with u.s .gaap and should be viewed in addition to , not instead of , our consolidated financial statements and notes thereto .shelf registration statement on september 3 , 2015 , we filed a shelf registration statement with the sec , registering the offer and sale from time to time of an indeterminate amount of , among other securities , debt securities , preference shares , class a ordinary shares and convertible securities .our ability to access the market as a source of liquidity is dependent on investor demand , market conditions and other factors. .
|
what is the time-interest-earned ratio for 2015?
|
9.2
|
{
"answer": "9.2",
"decimal": 9.2,
"type": "float"
}
| |
jpmorgan chase & co./2015 annual report 67 five-year stock performance the following table and graph compare the five-year cumulative total return for jpmorgan chase & co .( 201cjpmorgan chase 201d or the 201cfirm 201d ) common stock with the cumulative return of the s&p 500 index , the kbw bank index and the s&p financial index .the s&p 500 index is a commonly referenced united states of america ( 201cu.s . 201d ) equity benchmark consisting of leading companies from different economic sectors .the kbw bank index seeks to reflect the performance of banks and thrifts that are publicly traded in the u.s .and is composed of 24 leading national money center and regional banks and thrifts .the s&p financial index is an index of 87 financial companies , all of which are components of the s&p 500 .the firm is a component of all three industry indices .the following table and graph assume simultaneous investments of $ 100 on december 31 , 2010 , in jpmorgan chase common stock and in each of the above indices .the comparison assumes that all dividends are reinvested .december 31 , ( in dollars ) 2010 2011 2012 2013 2014 2015 .
[['december 31 ( in dollars )', '2010', '2011', '2012', '2013', '2014', '2015'], ['jpmorgan chase', '$ 100.00', '$ 80.03', '$ 108.98', '$ 148.98', '$ 163.71', '$ 177.40'], ['kbw bank index', '100.00', '76.82', '102.19', '140.77', '153.96', '154.71'], ['s&p financial index', '100.00', '82.94', '106.78', '144.79', '166.76', '164.15'], ['s&p 500 index', '100.00', '102.11', '118.44', '156.78', '178.22', '180.67']]
december 31 , ( in dollars ) .
|
based on the review of the simultaneous investments in pmorgan chase common stock in various indices what was the ratio of the performance in the jpmorgan chase to kbw bank index in 2015
|
1.12
|
{
"answer": "1.12",
"decimal": 1.12,
"type": "float"
}
| |
the company expects to amortize $ 1.7 million of actuarial loss from accumulated other comprehensive income ( loss ) into net periodic benefit costs in 2011 .at december 31 , 2010 , anticipated benefit payments from the plan in future years are as follows: .
[['( in millions )', 'year'], ['2011', '$ 7.2'], ['2012', '8.2'], ['2013', '8.6'], ['2014', '9.5'], ['2015', '10.0'], ['2016-2020', '62.8']]
savings plans .cme maintains a defined contribution savings plan pursuant to section 401 ( k ) of the internal revenue code , whereby all u.s .employees are participants and have the option to contribute to this plan .cme matches employee contributions up to 3% ( 3 % ) of the employee 2019s base salary and may make additional discretionary contributions of up to 2% ( 2 % ) of base salary .in addition , certain cme london-based employees are eligible to participate in a defined contribution plan .for cme london-based employees , the plan provides for company contributions of 10% ( 10 % ) of earnings and does not have any vesting requirements .salary and cash bonuses paid are included in the definition of earnings .aggregate expense for all of the defined contribution savings plans amounted to $ 6.3 million , $ 5.2 million and $ 5.8 million in 2010 , 2009 and 2008 , respectively .cme non-qualified plans .cme maintains non-qualified plans , under which participants may make assumed investment choices with respect to amounts contributed on their behalf .although not required to do so , cme invests such contributions in assets that mirror the assumed investment choices .the balances in these plans are subject to the claims of general creditors of the exchange and totaled $ 28.8 million and $ 23.4 million at december 31 , 2010 and 2009 , respectively .although the value of the plans is recorded as an asset in the consolidated balance sheets , there is an equal and offsetting liability .the investment results of these plans have no impact on net income as the investment results are recorded in equal amounts to both investment income and compensation and benefits expense .supplemental savings plan 2014cme maintains a supplemental plan to provide benefits for employees who have been impacted by statutory limits under the provisions of the qualified pension and savings plan .all cme employees hired prior to january 1 , 2007 are immediately vested in their supplemental plan benefits .all cme employees hired on or after january 1 , 2007 are subject to the vesting requirements of the underlying qualified plans .total expense for the supplemental plan was $ 0.9 million , $ 0.7 million and $ 1.3 million for 2010 , 2009 and 2008 , respectively .deferred compensation plan 2014a deferred compensation plan is maintained by cme , under which eligible officers and members of the board of directors may contribute a percentage of their compensation and defer income taxes thereon until the time of distribution .nymexmembers 2019 retirement plan and benefits .nymex maintained a retirement and benefit plan under the commodities exchange , inc .( comex ) members 2019 recognition and retention plan ( mrrp ) .this plan provides benefits to certain members of the comex division based on long-term membership , and participation is limited to individuals who were comex division members prior to nymex 2019s acquisition of comex in 1994 .no new participants were permitted into the plan after the date of this acquisition .under the terms of the mrrp , the company is required to fund the plan with a minimum annual contribution of $ 0.4 million until it is fully funded .all benefits to be paid under the mrrp are based on reasonable actuarial assumptions which are based upon the amounts that are available and are expected to be available to pay benefits .total contributions to the plan were $ 0.8 million for each of 2010 , 2009 and for the period august 23 through december 31 , 2008 .at december 31 , 2010 and 2009 , the total obligation for the mrrp totaled $ 20.7 million and $ 20.5 million .
|
what was the average of the total amount of expense for all of the defined contribution savings plans during the years 2016-2020 , in millions?
|
12.56
|
{
"answer": "12.56",
"decimal": 12.56,
"type": "float"
}
|
its the total value ( $ 62.8 ) divided by the period of years 2016-2020 ( 5 )
|
reinvested for continued use in foreign operations .if the total undistributed earnings of foreign subsidiaries were remitted , a significant amount of the additional tax would be offset by the allowable foreign tax credits .it is not practical for us to determine the additional tax of remitting these earnings .in september 2007 , we reached a settlement with the united states department of justice to resolve an 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 .at the time , no tax benefit was recorded related to the settlement expense due to the uncertainty as to the tax treatment .during the third quarter of 2008 , we reached an agreement with the u.s .internal revenue service ( irs ) confirming the deductibility of a portion of the settlement payment .as a result , during 2008 we recorded a current tax benefit of $ 31.7 million .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 .as of december 31 , 2008 , the amount of unrecognized tax benefits is $ 129.5 million .of this amount , $ 45.5 million would impact our effective tax rate if recognized .$ 38.2 million of the $ 129.5 million liability for unrecognized tax benefits relate to tax positions of acquired entities taken prior to their acquisition by us .under fas 141 ( r ) , if these liabilities are settled for different amounts , they will affect the income tax expense in the period of reversal or settlement .the following is a tabular reconciliation of the total amounts of unrecognized tax benefits ( in millions ) : .
[['', '2008', '2007'], ['balance at january 1', '$ 135.2', '$ 95.7'], ['increases related to prior periods', '12.1', '27.4'], ['decreases related to prior periods', '-32.0 ( 32.0 )', '-5.5 ( 5.5 )'], ['increases related to current period', '15.8', '21.9'], ['decreases related to settlements with taxing authorities', '-1.3 ( 1.3 )', '-1.3 ( 1.3 )'], ['decreases related to lapse of statue of limitations', '-0.3 ( 0.3 )', '-3.0 ( 3.0 )'], ['balance at december 31', '$ 129.5', '$ 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 december 31 , 2007 , we recorded a liability of $ 19.6 million for accrued interest and penalties , of which $ 14.7 million would impact our effective tax rate , if recognized .the amount of this liability is $ 22.9 million as of december 31 , 2008 .of this amount , $ 17.1 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 .the u.s .federal returns for years 2003 and 2004 are currently under examination by the irs .on july 15 , 2008 , the irs issued its examination report .we filed a formal protest on august 15 , 2008 and requested a conference with the appeals office regarding disputed issues .although the appeals process could take several years , we do not anticipate resolution of the audit will result in any significant impact on our results of operations , financial position or cash flows .in addition , for the 1999 tax year of centerpulse , which we acquired in october 2003 , one issue remains in dispute .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 z i m m e r h o l d i n g s , i n c .2 0 0 8 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) %%transmsg*** transmitting job : c48761 pcn : 057000000 ***%%pcmsg|57 |00010|yes|no|02/24/2009 06:10|0|0|page is valid , no graphics -- color : d| .
|
what percent of the balance increase in the two periods were from prior periods?
|
51.17%
|
{
"answer": "51.17%",
"decimal": 0.5117,
"type": "percentage"
}
|
this shows the late inflow from previous operations while its inverse shows the immediate capitalization of operations
|
aeronautics 2019 operating profit for 2011 increased $ 132 million , or 9% ( 9 % ) , compared to 2010 .the increase primarily was attributable to approximately $ 115 million of higher operating profit on c-130 programs due to increased volume and the retirement of risks ; increased volume and risk retirements on f-16 programs of about $ 50 million and c-5 programs of approximately $ 20 million ; and about $ 70 million due to risk retirements on other aeronautics sustainment activities in 2011 .these increases partially were offset by a decline in operating profit of approximately $ 75 million on the f-22 program and f-35 development contract primarily due to lower volume and about $ 55 million on other programs , including f-35 lrip , primarily due to lower profit rate adjustments in 2011 compared to 2010 .adjustments not related to volume , including net profit rate adjustments described above , were approximately $ 90 million higher in 2011 compared to 2010 .backlog backlog decreased in 2012 compared to 2011 mainly due to lower orders on f-35 contracts and c-130 programs , partially offset by higher orders on f-16 programs .backlog increased in 2011 compared to 2010 mainly due to higher orders on f-35 contracts , which partially were offset by higher sales volume on the c-130 programs .trends we expect aeronautics will experience a mid single digit percentage range decline in net sales for 2013 as compared to 2012 .a decrease in net sales from a decline in f-16 and c-130j aircraft deliveries is expected to be partially offset by an increase in net sales volume on f-35 lrip contracts .operating profit is projected to decrease at a high single digit percentage range from 2012 levels due to the expected decline in net sales as well as changes in aircraft mix , resulting in a slight decline in operating margins between the years .information systems & global solutions our is&gs business segment provides management services , integrated information technology solutions , and advanced technology systems and expertise across a broad spectrum of applications for civil , defense , intelligence , and other government customers .is&gs has a portfolio of many smaller contracts as compared to our other business segments .is&gs has been impacted by the continuing downturn in the federal information technology budgets and the impact of the continuing resolution that was effective on october 1 , 2012 , the start of the u.s .government 2019s fiscal year .is&gs 2019 operating results included the following ( in millions ) : .
[['', '2012', '2011', '2010'], ['net sales', '$ 8846', '$ 9381', '$ 9921'], ['operating profit', '808', '874', '814'], ['operating margins', '9.1% ( 9.1 % )', '9.3% ( 9.3 % )', '8.2% ( 8.2 % )'], ['backlog at year-end', '8700', '9300', '9700']]
2012 compared to 2011 is&gs 2019 net sales for 2012 decreased $ 535 million , or 6% ( 6 % ) , compared to 2011 .the decrease was attributable to lower net sales of approximately $ 485 million due to the substantial completion of various programs during 2011 ( primarily jtrs ; odin ; and u.k .census ) ; and about $ 255 million due to lower volume on numerous other programs ( primarily hanford ; warfighter information network-tactical ( win-t ) ; command , control , battle management and communications ( c2bmc ) ; and transportation worker identification credential ( twic ) ) .partially offsetting the decreases were higher net sales of approximately $ 140 million from qtc , which was acquired early in the fourth quarter of 2011 ; and about $ 65 million from increased activity on numerous other programs , primarily federal cyber security programs and persistent threat detection system ( ptds ) operational support .is&gs 2019 operating profit for 2012 decreased $ 66 million , or 8% ( 8 % ) , compared to 2011 .the decrease was attributable to lower operating profit of approximately $ 50 million due to the favorable impact of the odin contract completion in 2011 ; about $ 25 million due to an increase in reserves for performance issues related to an international airborne surveillance system in 2012 ; and approximately $ 20 million due to lower volume on certain programs ( primarily c2bmc and win-t ) .partially offsetting the decreases was an increase in operating profit due to higher risk retirements of approximately $ 15 million from the twic program ; and about $ 10 million due to increased activity on numerous other programs , primarily federal cyber security programs and ptds operational support .operating profit for the jtrs program was comparable as a decrease in volume was offset by a decrease in reserves .adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 20 million higher for 2012 compared to 2011. .
|
what was the percent of the increase in the operating profit from 2010 to 2011
|
7.4%
|
{
"answer": "7.4%",
"decimal": 0.07400000000000001,
"type": "percentage"
}
| |
60 the pnc financial services group , inc .2013 form 10-k liquidity and capital management liquidity risk has two fundamental components .the first is potential loss assuming we were unable to meet our funding requirements at a reasonable cost .the second is the potential inability to operate our businesses because adequate contingent liquidity is not available .we manage liquidity risk at the consolidated company level ( bank , parent company , and nonbank subsidiaries combined ) to help ensure that we can obtain cost-effective funding to meet current and future obligations under both normal 201cbusiness as usual 201d and stressful circumstances , and to help ensure that we maintain an appropriate level of contingent liquidity .management monitors liquidity through a series of early warning indicators that may indicate a potential market , or pnc-specific , liquidity stress event .in addition , management performs a set of liquidity stress tests over multiple time horizons with varying levels of severity and maintains a contingency funding plan to address a potential liquidity stress event .in the most severe liquidity stress simulation , we assume that our liquidity position is under pressure , while the market in general is under systemic pressure .the simulation considers , among other things , the impact of restricted access to both secured and unsecured external sources of funding , accelerated run-off of customer deposits , valuation pressure on assets and heavy demand to fund committed obligations .parent company liquidity guidelines are designed to help ensure that sufficient liquidity is available to meet our parent company obligations over the succeeding 24-month period .liquidity-related risk limits are established within our enterprise liquidity management policy and supporting policies .management committees , including the asset and liability committee , and the board of directors and its risk committee regularly review compliance with key established limits .in addition to these liquidity monitoring measures and tools described above , we also monitor our liquidity by reference to the liquidity coverage ratio ( lcr ) which is further described in the supervision and regulation section in item 1 of this report .pnc and pnc bank calculate the lcr on a daily basis and as of december 31 , 2017 , the lcr for pnc and pnc bank exceeded the fully phased-in requirement of we provide additional information regarding regulatory liquidity requirements and their potential impact on us in the supervision and regulation section of item 1 business and item 1a risk factors of this report .sources of liquidity our largest source of liquidity on a consolidated basis is the customer deposit base generated by our banking businesses .these deposits provide relatively stable and low-cost funding .total deposits increased to $ 265.1 billion at december 31 , 2017 from $ 257.2 billion at december 31 , 2016 , driven by higher consumer and commercial deposits .consumer deposits reflected in part a shift from money market deposits to relationship-based savings products .commercial deposits reflected a shift from demand deposits to money market deposits primarily due to higher interest rates in 2017 .additionally , certain assets determined by us to be liquid and unused borrowing capacity from a number of sources are also available to manage our liquidity position .at december 31 , 2017 , our liquid assets consisted of short- term investments ( federal funds sold , resale agreements , trading securities and interest-earning deposits with banks ) totaling $ 33.0 billion and securities available for sale totaling $ 57.6 billion .the level of liquid assets fluctuates over time based on many factors , including market conditions , loan and deposit growth and balance sheet management activities .of our total liquid assets of $ 90.6 billion , we had $ 3.2 billion of securities available for sale and trading securities pledged as collateral to secure public and trust deposits , repurchase agreements and for other purposes .in addition , $ 4.9 billion of securities held to maturity were also pledged as collateral for these purposes .we also obtain liquidity through various forms of funding , including long-term debt ( senior notes , subordinated debt and fhlb advances ) and short-term borrowings ( securities sold under repurchase agreements , commercial paper and other short-term borrowings ) .see note 10 borrowed funds and the funding sources section of the consolidated balance sheet review in this report for additional information related to our borrowings .total senior and subordinated debt , on a consolidated basis , increased due to the following activity : table 25 : senior and subordinated debt .
[['in billions', '2017'], ['january 1', '$ 31.0'], ['issuances', '7.1'], ['calls and maturities', '-4.6 ( 4.6 )'], ['other', '-.2 ( .2 )'], ['december 31', '$ 33.3']]
.
|
what was the total of of securities available for sale and trading securities pledged as collateral to secure public and trust deposits , repurchase agreements and securities held to maturity pledged as collateral for these purposes for 2017 in billions?
|
8.1
|
{
"answer": "8.1",
"decimal": 8.1,
"type": "float"
}
| |
table of contents ended december 31 , 2015 and 2014 , respectively .the increase in cash provided by accounts payable-inventory financing was primarily due to a new vendor added to our previously existing inventory financing agreement .for a description of the inventory financing transactions impacting each period , see note 6 ( inventory financing agreements ) to the accompanying consolidated financial statements .for a description of the debt transactions impacting each period , see note 8 ( long-term debt ) to the accompanying consolidated financial statements .net cash used in financing activities decreased $ 56.3 million in 2014 compared to 2013 .the decrease was primarily driven by several debt refinancing transactions during each period and our july 2013 ipo , which generated net proceeds of $ 424.7 million after deducting underwriting discounts , expenses and transaction costs .the net impact of our debt transactions resulted in cash outflows of $ 145.9 million and $ 518.3 million during 2014 and 2013 , respectively , as cash was used in each period to reduce our total long-term debt .for a description of the debt transactions impacting each period , see note 8 ( long-term debt ) to the accompanying consolidated financial statements .long-term debt and financing arrangements as of december 31 , 2015 , we had total indebtedness of $ 3.3 billion , of which $ 1.6 billion was secured indebtedness .at december 31 , 2015 , we were in compliance with the covenants under our various credit agreements and indentures .the amount of cdw 2019s restricted payment capacity under the senior secured term loan facility was $ 679.7 million at december 31 , 2015 .for further details regarding our debt and each of the transactions described below , see note 8 ( long-term debt ) to the accompanying consolidated financial statements .during the year ended december 31 , 2015 , the following events occurred with respect to our debt structure : 2022 on august 1 , 2015 , we consolidated kelway 2019s term loan and kelway 2019s revolving credit facility .kelway 2019s term loan is denominated in british pounds .the kelway revolving credit facility is a multi-currency revolving credit facility under which kelway is permitted to borrow an aggregate amount of a350.0 million ( $ 73.7 million ) as of december 31 , 2015 .2022 on march 3 , 2015 , we completed the issuance of $ 525.0 million principal amount of 5.0% ( 5.0 % ) senior notes due 2023 which will mature on september 1 , 2023 .2022 on march 3 , 2015 , we redeemed the remaining $ 503.9 million aggregate principal amount of the 8.5% ( 8.5 % ) senior notes due 2019 , plus accrued and unpaid interest through the date of redemption , april 2 , 2015 .inventory financing agreements we have entered into agreements with certain financial intermediaries to facilitate the purchase of inventory from various suppliers under certain terms and conditions .these amounts are classified separately as accounts payable-inventory financing on the consolidated balance sheets .we do not incur any interest expense associated with these agreements as balances are paid when they are due .for further details , see note 6 ( inventory financing agreements ) to the accompanying consolidated financial statements .contractual obligations we have future obligations under various contracts relating to debt and interest payments , operating leases and asset retirement obligations .our estimated future payments , based on undiscounted amounts , under contractual obligations that existed as of december 31 , 2015 , are as follows: .
[['( in millions )', 'payments due by period total', 'payments due by period < 1 year', 'payments due by period 1-3 years', 'payments due by period 4-5 years', 'payments due by period > 5 years'], ['term loan ( 1 )', '$ 1703.4', '$ 63.9', '$ 126.3', '$ 1513.2', '$ 2014'], ['kelway term loan ( 1 )', '90.9', '13.5', '77.4', '2014', '2014'], ['senior notes due 2022 ( 2 )', '852.0', '36.0', '72.0', '72.0', '672.0'], ['senior notes due 2023 ( 2 )', '735.1', '26.3', '52.5', '52.5', '603.8'], ['senior notes due 2024 ( 2 )', '859.7', '31.6', '63.3', '63.3', '701.5'], ['operating leases ( 3 )', '143.2', '22.5', '41.7', '37.1', '41.9'], ['asset retirement obligations ( 4 )', '1.8', '0.8', '0.5', '0.3', '0.2'], ['total', '$ 4386.1', '$ 194.6', '$ 433.7', '$ 1738.4', '$ 2019.4']]
.
|
as of dec 31 , 2015 , what percentage of total indebtedness was nonsecure?
|
51.5%
|
{
"answer": "51.5%",
"decimal": 0.515,
"type": "percentage"
}
| |
entergy corporation and subsidiaries management 2019s financial discussion and analysis imprudence by the utility operating companies in their execution of their obligations under the system agreement .see note 2 to the financial statements for discussions of this litigation .in november 2012 the utility operating companies filed amendments to the system agreement with the ferc pursuant to section 205 of the federal power act .the amendments consist primarily of the technical revisions needed to the system agreement to ( i ) allocate certain charges and credits from the miso settlement statements to the participating utility operating companies ; and ( ii ) address entergy arkansas 2019s withdrawal from the system agreement .the lpsc , mpsc , puct , and city council filed protests at the ferc regarding the amendments and other aspects of the utility operating companies 2019 future operating arrangements , including requests that the continued viability of the system agreement in miso ( among other issues ) be set for hearing by the ferc .in december 2013 the ferc issued an order accepting the revisions filed in november 2012 , subject to a further compliance filing and other conditions .entergy services made the requisite compliance filing in february 2014 and the ferc accepted the compliance filing in november 2015 .in the november 2015 order , the ferc required entergy services to file a refund report consisting of the results of the intra-system bill rerun from december 19 , 2013 through november 30 , 2015 calculating the use of an energy-based allocator to allocate losses , ancillary services charges and credits , and uplift charges and credits to load of each participating utility operating company .the filing shows the following payments and receipts among the utility operating companies : payments ( receipts ) ( in millions ) .
[['', 'payments ( receipts ) ( in millions )'], ['entergy louisiana', '( $ 6.3 )'], ['entergy mississippi', '$ 4'], ['entergy new orleans', '$ 0.4'], ['entergy texas', '$ 1.9']]
in the december 2013 order , the ferc set one issue for hearing involving a settlement with union pacific regarding certain coal delivery issues .consistent with the decisions described above , entergy arkansas 2019s participation in the system agreement terminated effective december 18 , 2013 .in december 2014 a ferc alj issued an initial decision finding that entergy arkansas would realize benefits after december 18 , 2013 from the 2008 settlement agreement between entergy services , entergy arkansas , and union pacific , related to certain coal delivery issues .the alj further found that all of the utility operating companies should share in those benefits pursuant to the methodology proposed by the mpsc .the utility operating companies and other parties to the proceeding have filed briefs on exceptions and/or briefs opposing exceptions with the ferc challenging various aspects of the december 2014 initial decision and the matter is pending before the ferc .utility operating company notices of termination of system agreement participation consistent with their written notices of termination delivered in december 2005 and november 2007 , respectively , entergy arkansas and entergy mississippi filed with the ferc in february 2009 their notices of cancellation to terminate their participation in the system agreement , effective december 18 , 2013 and november 7 , 2015 , respectively .in november 2009 the ferc accepted the notices of cancellation and determined that entergy arkansas and entergy mississippi are permitted to withdraw from the system agreement following the 96-month notice period without payment of a fee or the requirement to otherwise compensate the remaining utility operating companies as a result of withdrawal .appeals by the lpsc and the city council were denied in 2012 and 2013 .effective december 18 , 2013 , entergy arkansas ceased participating in the system agreement .effective november 7 , 2015 , entergy mississippi ceased participating in the system agreement .in keeping with their prior commitments and after a careful evaluation of the basis for and continued reasonableness of the 96-month system agreement termination notice period , the utility operating companies filed with the ferc in october 2013 to amend the system agreement changing the notice period for an operating company to .
|
what are the payments for entergy texas as a percentage of payments for entergy mississippi?
|
47.5%
|
{
"answer": "47.5%",
"decimal": 0.475,
"type": "percentage"
}
| |
notes to consolidated financial statements under the regulatory framework for prompt corrective action applicable to gs bank usa , in order to meet the quantitative requirements for being a 201cwell-capitalized 201d depository institution , gs bank usa is required to maintain a tier 1 capital ratio of at least 6% ( 6 % ) , a total capital ratio of at least 10% ( 10 % ) and a tier 1 leverage ratio of at least 5% ( 5 % ) .gs bank usa agreed with the federal reserve board to maintain minimum capital ratios in excess of these 201cwell- capitalized 201d levels .accordingly , for a period of time , gs bank usa is expected to maintain a tier 1 capital ratio of at least 8% ( 8 % ) , a total capital ratio of at least 11% ( 11 % ) and a tier 1 leverage ratio of at least 6% ( 6 % ) .as noted in the table below , gs bank usa was in compliance with these minimum capital requirements as of december 2013 and december 2012 .the table below presents information regarding gs bank usa 2019s regulatory capital ratios under basel i , as implemented by the federal reserve board .the information as of december 2013 reflects the revised market risk regulatory capital requirements , which became effective on january 1 , 2013 .these changes resulted in increased regulatory capital requirements for market risk .the information as of december 2012 is prior to the implementation of these revised market risk regulatory capital requirements. .
[['$ in millions', 'as of december 2013', 'as of december 2012'], ['tier 1 capital', '$ 20086', '$ 20704'], ['tier 2 capital', '$ 116', '$ 39'], ['total capital', '$ 20202', '$ 20743'], ['risk-weighted assets', '$ 134935', '$ 109669'], ['tier 1 capital ratio', '14.9% ( 14.9 % )', '18.9% ( 18.9 % )'], ['total capital ratio', '15.0% ( 15.0 % )', '18.9% ( 18.9 % )'], ['tier 1 leverage ratio', '16.9% ( 16.9 % )', '17.6% ( 17.6 % )']]
the revised capital framework described above is also applicable to gs bank usa , which is an advanced approach banking organization under this framework .gs bank usa has also been informed by the federal reserve board that it has completed a satisfactory parallel run , as required of advanced approach banking organizations under the revised capital framework , and therefore changes to its calculations of rwas will take effect beginning with the second quarter of 2014 .under the revised capital framework , as of january 1 , 2014 , gs bank usa became subject to a new minimum cet1 ratio requirement of 4% ( 4 % ) , increasing to 4.5% ( 4.5 % ) in 2015 .in addition , the revised capital framework changes the standards for 201cwell-capitalized 201d status under prompt corrective action regulations beginning january 1 , 2015 by , among other things , introducing a cet1 ratio requirement of 6.5% ( 6.5 % ) and increasing the tier 1 capital ratio requirement from 6% ( 6 % ) to 8% ( 8 % ) .in addition , commencing january 1 , 2018 , advanced approach banking organizations must have a supplementary leverage ratio of 3% ( 3 % ) or greater .the basel committee published its final guidelines for calculating incremental capital requirements for domestic systemically important banking institutions ( d-sibs ) .these guidelines are complementary to the framework outlined above for g-sibs .the impact of these guidelines on the regulatory capital requirements of gs bank usa will depend on how they are implemented by the banking regulators in the united states .the deposits of gs bank usa are insured by the fdic to the extent provided by law .the federal reserve board requires depository institutions to maintain cash reserves with a federal reserve bank .the amount deposited by the firm 2019s depository institution held at the federal reserve bank was approximately $ 50.39 billion and $ 58.67 billion as of december 2013 and december 2012 , respectively , which exceeded required reserve amounts by $ 50.29 billion and $ 58.59 billion as of december 2013 and december 2012 , respectively .transactions between gs bank usa and its subsidiaries and group inc .and its subsidiaries and affiliates ( other than , generally , subsidiaries of gs bank usa ) are regulated by the federal reserve board .these regulations generally limit the types and amounts of transactions ( including credit extensions from gs bank usa ) that may take place and generally require those transactions to be on market terms or better to gs bank usa .the firm 2019s principal non-u.s .bank subsidiary , gsib , is a wholly-owned credit institution , regulated by the prudential regulation authority ( pra ) and the financial conduct authority ( fca ) and is subject to minimum capital requirements .as of december 2013 and december 2012 , gsib was in compliance with all regulatory capital requirements .goldman sachs 2013 annual report 193 .
|
what was the change in millions in tier 1 capital between 2012 and 2013?
|
-618
|
{
"answer": "-618",
"decimal": -618,
"type": "float"
}
| |
sl green realty corp .it happens here 2012 annual report 59 | 59 during the year ended december a031 , 2012 , when compared to the year ended december a031 , 2011 , we used cash for the follow- ing financing activities ( in thousands ) : .
[['proceeds from our debt obligations', '$ 254579'], ['repayments under our debt obligations', '538903'], ['proceeds from issuance of common and preferred stock', '-92924 ( 92924 )'], ['redemption of preferred stock', '-200013 ( 200013 )'], ['noncontrolling interests contributions in excess of distributions', '144957'], ['other financing activities', '48213'], ['dividends and distributions paid', '-57372 ( 57372 )'], ['increase in net cash provided in financing activities', '$ 636343']]
ca pita liz ation | as of december a0 31 , 2012 , we had 91249632 shares of common stock , 2759758 units of lim- ited partnership interest in the operating partnership held by persons other than the company , 66668 a0 performance based ltip units , 7700000 a0 shares of our 7.625% ( 7.625 % ) series a0 c cumulative redeemable preferred stock , or series c preferred stock , and 9200000 a0 shares of our 6.50% ( 6.50 % ) series a0 i cumula- tive redeemable preferred stock , or series a0 i preferred stock , outstanding .in addition , we also had preferred units of limited partnership interests in the operating partnership having aggregate liquidation preferences of $ 49.6 a0million held by per- sons other than the company .in september a0 2012 , we redeemed 4000000 a0 shares , or $ 100.0 a0 million , of series c preferred stock at a redemp- tion price of $ 25.00 a0 per share plus a0 $ 0.3707 in accumu- lated and unpaid dividends on such preferred stock through september a0 24 , 2012 .we recognized $ 6.3 a0 million of costs to partially redeem the series c preferred stock .as a result of this redemption , we have 7700000 a0 shares of series a0 c preferred stock outstanding .in august a0 2012 , we issued 9200000 a0 shares of our series a0 i preferred stock with a mandatory liquidation pref- erence of $ 25.00 a0 per share .the series a0 i preferred share- holders receive annual distributions of $ 1.625 a0per share paid on a quarterly basis and distributions are cumulative , sub- ject to certain provisions .we are entitled to redeem our series a0i preferred stock at par for cash at our option on or after august a0 10 , 2017 .net proceeds from the series i preferred stock ( $ 222.2 a0million ) was recorded net of underwriters 2019 dis- count and issuance a0costs .in july a0 2012 , we redeemed all 4000000 a0 shares , or $ 100.0 a0million , of our 7.875% ( 7.875 % ) series a0d cumulative redeemable preferred stock , or series a0d preferred stock , at a redemption price of $ 25.00 a0 per share plus $ 0.4922 in accumulated and unpaid dividends on such preferred stock through july a0 14 , 2012 .we recognized $ 3.7 a0million of costs to fully redeem the series a0d preferred stock .in july a0 2011 , we , along with the operating partnership , entered into an 201cat-the-market 201d equity offering program , or atm program , to sell an aggregate of $ 250.0 a0 million of our common stock .during the year ended december a0 31 , 2012 , we sold 2.6 a0 million shares of our common stock through the atm program for aggregate gross proceeds of approximately $ 204.6 a0 million ( $ 201.3 a0 million of net proceeds after related expenses ) .the net proceeds were used to repay debt , fund new investments and for other corporate purposes .as of december a0 31 , 2012 , we had $ 45.4 a0 million available to issue under the atm a0program .dividend reinvestment and stock purchase plan | in march a0 2012 , we filed a registration statement with the sec for our dividend reinvestment and stock purchase plan , or drip , which automatically became effective upon filing .we registered 3500000 a0shares of common stock under the drip .the drip commenced on september a024 , 2001 .during the years ended december a0 31 , 2012 and 2011 , we issued approximately 1.3 a0 million and 473 a0 shares of our common stock and received approximately $ 99.6 a0million and $ 34000 of net proceeds , respectively , from dividend reinvest- ments and/or stock purchases under the drip .drip shares may be issued at a discount to the market price .second amended and restated 2005 stock option and incentive plan | subject to adjustments upon cer- tain corporate transactions or events , up to a maximum of 10730000 a0 fungible units may be granted as options , restricted stock , phantom shares , dividend equivalent rights and other equity based awards under the second amended and restated 2005 a0 stock option and incentive plan , or the 2005 a0plan .as of december a031 , 2012 , no fungible units were available for issuance under the 2005 a0plan after reserving for shares underlying outstanding restricted stock units , phantom stock units granted pursuant to our non-employee directors 2019 deferral program and ltip units , including , among others , outstanding ltip units issued under our 2011 a0 long-term outperformance plan , which remain subject to performance based a0vesting .2005 long-ter m outper for m a nce compensation program | in december a0 2005 , the compensation commit- tee of our board of directors approved a long-term incentive compensation program , the 2005 a0 outperformance plan .participants in the 2005 a0 outperformance plan were enti- tled to earn ltip a0 units in our operating partnership if our total return to stockholders for the three-year period beginning december a0 1 , 2005 exceeded a cumulative total return to stockholders of 30% ( 30 % ) ; provided that participants were entitled to earn ltip units earlier in the event that we achieved maximum performance for 30 consecutive days .on june a014 , 2006 , the compensation committee determined that under the terms of the 2005 a0 outperformance plan , as of june a0 8 , 2006 , the performance period had accelerated and the maximum performance pool of $ 49250000 , taking into account forfeitures , had been earned .under the terms of the 2005 a0 outperformance plan , participants also earned additional ltip a0units with a value equal to the distributions .
|
for the september 2012 redemption of 4000000 shares of series c preferred stock at a redemption price , what percentage were the costs to redeem the series c preferred stock?
|
6.3%
|
{
"answer": "6.3%",
"decimal": 0.063,
"type": "percentage"
}
| |
totaled $ 12 million , $ 13 million and $ 9 million for 2018 , 2017 and 2016 , respectively .all of the company 2019s contributions are invested in one or more funds at the direction of the employees .note 16 : commitments and contingencies commitments have been made in connection with certain construction programs .the estimated capital expenditures required under legal and binding contractual obligations amounted to $ 419 million as of december 31 , 2018 .the company 2019s regulated subsidiaries maintain agreements with other water purveyors for the purchase of water to supplement their water supply .the following table provides the future annual commitments related to minimum quantities of purchased water having non-cancelable: .
[['', 'amount'], ['2019', '$ 65'], ['2020', '65'], ['2021', '65'], ['2022', '64'], ['2023', '57'], ['thereafter', '641']]
the company enters into agreements for the provision of services to water and wastewater facilities for the united states military , municipalities and other customers .see note 3 2014revenue recognition for additional information regarding the company 2019s performance obligations .contingencies the company is routinely involved in legal actions incident to the normal conduct of its business .as of december 31 , 2018 , the company has accrued approximately $ 54 million of probable loss contingencies and has estimated that the maximum amount of losses associated with reasonably possible loss contingencies that can be reasonably estimated is $ 26 million .for certain matters , claims and actions , the company is unable to estimate possible losses .the company believes that damages or settlements , if any , recovered by plaintiffs in such matters , claims or actions , other than as described in this note 16 2014commitments and contingencies , will not have a material adverse effect on the company .west virginia elk river freedom industries chemical spill on june 8 , 2018 , the u.s .district court for the southern district of west virginia granted final approval of a settlement class and global class action settlement ( the 201csettlement 201d ) for all claims and potential claims by all putative class members ( collectively , the 201cplaintiffs 201d ) arising out of the january 2014 freedom industries , inc .chemical spill in west virginia .the effective date of the settlement is july 16 , 2018 .under the terms and conditions of the settlement , west virginia-american water company ( 201cwvawc 201d ) and certain other company affiliated entities ( collectively , the 201camerican water defendants 201d ) did not admit , and will not admit , any fault or liability for any of the allegations made by the plaintiffs in any of the actions that were resolved .under federal class action rules , claimants had the right , until december 8 , 2017 , to elect to opt out of the final settlement .less than 100 of the 225000 estimated putative class members elected to opt out from the settlement , and these claimants will not receive any benefit from or be bound by the terms of the settlement .in june 2018 , the company and its remaining non-participating general liability insurance carrier settled for a payment to the company of $ 20 million , out of a maximum of $ 25 million in potential coverage under the terms of the relevant policy , in exchange for a full release by the american water defendants of all claims against the insurance carrier related to the freedom industries chemical spill. .
|
as of december 31 , 2018 , what was the total accrued for probable loss contingencies and reasonably possible loss contingencies in $ million?
|
80
|
{
"answer": "80",
"decimal": 80,
"type": "float"
}
| |
92 | 2017 form 10-k finite-lived intangible assets are amortized over their estimated useful lives and tested for impairment if events or changes in circumstances indicate that the asset may be impaired .in 2016 , gross customer relationship intangibles of $ 96 million and related accumulated amortization of $ 27 million as well as gross intellectual property intangibles of $ 111 million and related accumulated amortization of $ 48 million from the resource industries segment were impaired .the fair value of these intangibles was determined to be insignificant based on an income approach using expected cash flows .the fair value determination is categorized as level 3 in the fair value hierarchy due to its use of internal projections and unobservable measurement inputs .the total impairment of $ 132 million was a result of restructuring activities and is included in other operating ( income ) expense in statement 1 .see note 25 for information on restructuring costs .amortization expense related to intangible assets was $ 323 million , $ 326 million and $ 337 million for 2017 , 2016 and 2015 , respectively .as of december 31 , 2017 , amortization expense related to intangible assets is expected to be : ( millions of dollars ) .
[['2018', '2019', '2020', '2021', '2022', 'thereafter'], ['$ 322', '$ 316', '$ 305', '$ 287', '$ 268', '$ 613']]
b .goodwill there were no goodwill impairments during 2017 or 2015 .our annual impairment tests completed in the fourth quarter of 2016 indicated the fair value of each reporting unit was substantially above its respective carrying value , including goodwill , with the exception of our surface mining & technology reporting unit .the surface mining & technology reporting unit , which primarily serves the mining industry , is a part of our resource industries segment .the goodwill assigned to this reporting unit is largely from our acquisition of bucyrus international , inc .in 2011 .its product portfolio includes large mining trucks , electric rope shovels , draglines , hydraulic shovels and related parts .in addition to equipment , surface mining & technology also develops and sells technology products and services to provide customer fleet management , equipment management analytics and autonomous machine capabilities .the annual impairment test completed in the fourth quarter of 2016 indicated that the fair value of surface mining & technology was below its carrying value requiring the second step of the goodwill impairment test process .the fair value of surface mining & technology was determined primarily using an income approach based on a discounted ten year cash flow .we assigned the fair value to surface mining & technology 2019s assets and liabilities using various valuation techniques that required assumptions about royalty rates , dealer attrition , technological obsolescence and discount rates .the resulting implied fair value of goodwill was below the carrying value .accordingly , we recognized a goodwill impairment charge of $ 595 million , which resulted in goodwill of $ 629 million remaining for surface mining & technology as of october 1 , 2016 .the fair value determination is categorized as level 3 in the fair value hierarchy due to its use of internal projections and unobservable measurement inputs .there was a $ 17 million tax benefit associated with this impairment charge. .
|
what is the expected growth rate in amortization expense related to intangible assets from 2017 to 2018?
|
-0.3%
|
{
"answer": "-0.3%",
"decimal": -0.003,
"type": "percentage"
}
| |
zimmer biomet holdings , inc .2015 form 10-k annual report notes to consolidated financial statements ( continued ) interest to the date of redemption .in addition , the merger notes and the 3.375% ( 3.375 % ) senior notes due 2021 may be redeemed at our option without any make-whole premium at specified dates ranging from one month to six months in advance of the scheduled maturity date .between the closing date and june 30 , 2015 , we repaid the biomet senior notes we assumed in the merger .the fair value of the principal amount plus interest was $ 2798.6 million .these senior notes required us to pay a call premium in excess of the fair value of the notes when they were repaid .as a result , we recognized $ 22.0 million in non-operating other expense related to this call premium .the estimated fair value of our senior notes as of december 31 , 2015 , based on quoted prices for the specific securities from transactions in over-the-counter markets ( level 2 ) , was $ 8837.5 million .the estimated fair value of the japan term loan as of december 31 , 2015 , based upon publicly available market yield curves and the terms of the debt ( level 2 ) , was $ 96.4 million .the carrying value of the u.s .term loan approximates fair value as it bears interest at short-term variable market rates .we have entered into interest rate swap agreements which we designated as fair value hedges of underlying fixed- rate obligations on our senior notes due 2019 and 2021 .see note 14 for additional information regarding the interest rate swap agreements .we also have available uncommitted credit facilities totaling $ 35.8 million .at december 31 , 2015 and 2014 , the weighted average interest rate for our long-term borrowings was 2.9 percent and 3.5 percent , respectively .we paid $ 207.1 million , $ 67.5 million and $ 68.1 million in interest during 2015 , 2014 and 2013 , respectively .13 .accumulated other comprehensive ( loss ) income oci refers to certain gains and losses that under gaap are included in comprehensive income but are excluded from net earnings as these amounts are initially recorded as an adjustment to stockholders 2019 equity .amounts in oci may be reclassified to net earnings upon the occurrence of certain events .our oci is comprised of foreign currency translation adjustments , unrealized gains and losses on cash flow hedges , unrealized gains and losses on available-for-sale securities , and amortization of prior service costs and unrecognized gains and losses in actuarial assumptions on our defined benefit plans .foreign currency translation adjustments are reclassified to net earnings upon sale or upon a complete or substantially complete liquidation of an investment in a foreign entity .unrealized gains and losses on cash flow hedges are reclassified to net earnings when the hedged item affects net earnings .unrealized gains and losses on available-for-sale securities are reclassified to net earnings if we sell the security before maturity or if the unrealized loss is considered to be other-than-temporary .amounts related to defined benefit plans that are in oci are reclassified over the service periods of employees in the plan .the reclassification amounts are allocated to all employees in the plans and , therefore , the reclassified amounts may become part of inventory to the extent they are considered direct labor costs .see note 15 for more information on our defined benefit plans .the following table shows the changes in the components of oci , net of tax ( in millions ) : foreign currency translation hedges unrealized gains on securities defined benefit .
[['', 'foreign currency translation', 'cash flow hedges', 'unrealized gains on securities', 'defined benefit plan items'], ['balance december 31 2014', '$ 111.8', '$ 70.1', '$ -0.4 ( 0.4 )', '$ -143.4 ( 143.4 )'], ['oci before reclassifications', '-305.2 ( 305.2 )', '52.7', '-0.2 ( 0.2 )', '-30.6 ( 30.6 )'], ['reclassifications', '2013', '-93.0 ( 93.0 )', '2013', '9.2'], ['balance december 31 2015', '$ -193.4 ( 193.4 )', '$ 29.8', '$ -0.6 ( 0.6 )', '$ -164.8 ( 164.8 )']]
.
|
what percent did cash flow from hedges reduce after reclassification?
|
75.73%
|
{
"answer": "75.73%",
"decimal": 0.7573000000000001,
"type": "percentage"
}
|
asked for reduction so the percent is positive
|
notes to consolidated financial statements 2014 ( continued ) note 14 2014commitments and contingencies leases we conduct a major part of our operations using leased facilities and equipment .many of these leases have renewal and purchase options and provide that we pay the cost of property taxes , insurance and maintenance .rent expense on all operating leases for fiscal 2010 , 2009 and 2008 was $ 32.8 million , $ 30.2 million , and $ 30.4 million , respectively .future minimum lease payments for all noncancelable leases at may 31 , 2010 were as follows : operating leases .
[['', 'operating leases'], ['2011', '$ 9856'], ['2012', '3803'], ['2013', '2538'], ['2014', '1580'], ['2015', '928'], ['thereafter', '1428'], ['total future minimum lease payments', '$ 20133']]
we are party to a number of claims and lawsuits incidental to our business .in the opinion of management , the reasonably possible outcome of such matters , individually or in the aggregate , will not have a material adverse impact on our financial position , liquidity or results of operations .we define operating taxes as tax contingencies that are unrelated to income taxes , such as sales and property taxes .during the course of operations , we must interpret the meaning of various operating tax matters in the united states and in the foreign jurisdictions in which we do business .taxing authorities in those various jurisdictions may arrive at different interpretations of applicable tax laws and regulations as they relate to such operating tax matters , which could result in the payment of additional taxes in those jurisdictions .as of may 31 , 2010 and 2009 we did not have a liability for operating tax items .the amount of the liability is based on management 2019s best estimate given our history with similar matters and interpretations of current laws and regulations .bin/ica agreements in connection with our acquisition of merchant credit card operations of banks , we have entered into sponsorship or depository and processing agreements with certain of the banks .these agreements allow us to use the banks 2019 identification numbers , referred to as bank identification number for visa transactions and interbank card association number for mastercard transactions , to clear credit card transactions through visa and mastercard .certain of such agreements contain financial covenants , and we were in compliance with all such covenants as of may 31 , 2010 .on june 18 , 2010 , cibc provided notice that it will not renew its sponsorship with us for visa in canada after the initial ten year term .as a result , their canadian visa sponsorship will expire in march 2011 .we are .
|
what is the percentage change in rent expense from 2009 to 2010?
|
8.6%
|
{
"answer": "8.6%",
"decimal": 0.086,
"type": "percentage"
}
| |
on either a straight-line or accelerated basis .amortization expense for intangibles was approximately $ 4.2 million , $ 4.1 million and $ 4.1 million during the years ended december 31 , 2010 , 2009 and 2008 , respectively .estimated annual amortization expense of the december 31 , 2010 balance for the years ended december 31 , 2011 through 2015 is approximately $ 4.8 million .impairment of long-lived assets long-lived assets are reviewed for possible impairment whenever events or circumstances indicate that the carrying amount of such assets may not be recoverable .if such review indicates that the carrying amount of long- lived assets is not recoverable , the carrying amount of such assets is reduced to fair value .during the year ended december 31 , 2010 , we recognized impairment charges on certain long-lived assets during the normal course of business of $ 1.3 million .there were no adjustments to the carrying value of long-lived assets of continuing operations during the years ended december 31 , 2009 or 2008 .fair value of financial instruments our debt is reflected on the balance sheet at cost .based on market conditions as of december 31 , 2010 , the fair value of our term loans ( see note 5 , 201clong-term obligations 201d ) reasonably approximated the carrying value of $ 590 million .at december 31 , 2009 , the fair value of our term loans at $ 570 million was below the carrying value of $ 596 million because our interest rate margins were below the rate available in the market .we estimated the fair value of our term loans by calculating the upfront cash payment a market participant would require to assume our obligations .the upfront cash payment , excluding any issuance costs , is the amount that a market participant would be able to lend at december 31 , 2010 and 2009 to an entity with a credit rating similar to ours and achieve sufficient cash inflows to cover the scheduled cash outflows under our term loans .the carrying amounts of our cash and equivalents , net trade receivables and accounts payable approximate fair value .we apply the market and income approaches to value our financial assets and liabilities , which include the cash surrender value of life insurance , deferred compensation liabilities and interest rate swaps .required fair value disclosures are included in note 7 , 201cfair value measurements . 201d product warranties some of our salvage mechanical products are sold with a standard six-month warranty against defects .additionally , some of our remanufactured engines are sold with a standard three-year warranty against defects .we record the estimated warranty costs at the time of sale using historical warranty claim information to project future warranty claims activity and related expenses .the changes in the warranty reserve are as follows ( in thousands ) : .
[['balance as of january 1 2009', '$ 540'], ['warranty expense', '5033'], ['warranty claims', '-4969 ( 4969 )'], ['balance as of december 31 2009', '604'], ['warranty expense', '9351'], ['warranty claims', '-8882 ( 8882 )'], ['business acquisitions', '990'], ['balance as of december 31 2010', '$ 2063']]
self-insurance reserves we self-insure a portion of employee medical benefits under the terms of our employee health insurance program .we purchase certain stop-loss insurance to limit our liability exposure .we also self-insure a portion of .
|
what was the change in warranty reserve between 2009 and 2010?
|
1459
|
{
"answer": "1459",
"decimal": 1459,
"type": "float"
}
| |
the valuation allowance as of 30 september 2016 of $ 155.2 primarily related to the tax benefit on the federal capital loss carryforward of $ 48.0 , tax benefit of foreign loss carryforwards of $ 37.7 , and capital assets of $ 58.0 that were generated from the loss recorded on the exit from the energy-from-waste business in 2016 .if events warrant the reversal of the valuation allowance , it would result in a reduction of tax expense .we believe it is more likely than not that future earnings and reversal of deferred tax liabilities will be sufficient to utilize our deferred tax assets , net of existing valuation allowance , at 30 september 2016 .the deferred tax liability associated with unremitted earnings of foreign entities decreased in part due to the dividend to repatriate cash from a foreign subsidiary in south korea .this amount was also impacted by ongoing activity including earnings , dividend payments , tax credit adjustments , and currency translation impacting the undistributed earnings of our foreign subsidiaries and corporate joint ventures which are not considered to be indefinitely reinvested outside of the u.s .we record u.s .income taxes on the undistributed earnings of our foreign subsidiaries and corporate joint ventures unless those earnings are indefinitely reinvested outside of the u.s .these cumulative undistributed earnings that are considered to be indefinitely reinvested in foreign subsidiaries and corporate joint ventures are included in retained earnings on the consolidated balance sheets and amounted to $ 6300.9 as of 30 september 2016 .an estimated $ 1467.8 in u.s .income and foreign withholding taxes would be due if these earnings were remitted as dividends after payment of all deferred taxes .a reconciliation of the beginning and ending amount of the unrecognized tax benefits is as follows: .
[['unrecognized tax benefits', '2016', '2015', '2014'], ['balance at beginning of year', '$ 97.5', '$ 108.7', '$ 124.3'], ['additions for tax positions of the current year', '15.0', '6.9', '8.1'], ['additions for tax positions of prior years', '3.8', '7.5', '4.9'], ['reductions for tax positions of prior years', '-.3 ( .3 )', '-7.9 ( 7.9 )', '-14.6 ( 14.6 )'], ['settlements', '-5.6 ( 5.6 )', '-.6 ( .6 )', '2014'], ['statute of limitations expiration', '-3.0 ( 3.0 )', '-11.2 ( 11.2 )', '-14.0 ( 14.0 )'], ['foreign currency translation', '-.5 ( .5 )', '-5.9 ( 5.9 )', '2014'], ['balance at end of year', '$ 106.9', '$ 97.5', '$ 108.7']]
at 30 september 2016 and 2015 , we had $ 106.9 and $ 97.5 of unrecognized tax benefits , excluding interest and penalties , of which $ 64.5 and $ 62.5 , respectively , would impact the effective tax rate if recognized .interest and penalties related to unrecognized tax benefits are recorded as a component of income tax expense and totaled $ 2.3 in 2016 , $ ( 1.8 ) in 2015 , and $ 1.2 in 2014 .our accrued balance for interest and penalties was $ 9.8 and $ 7.5 as of 30 september 2016 and 2015 , respectively. .
|
considering the years 2014-2016 , what is the average value for additions for tax positions of the current year?
|
10
|
{
"answer": "10",
"decimal": 10,
"type": "float"
}
|
it is the sum of all additions for tax positions of the current year divided by three ( number of years ) .
|
in march 2011 , we announced a new program under which the purchase by us of up to $ 675 million of our common stock in 2011 was authorized by our board of directors .during 2011 , we purchased approximately 16.3 million shares of our common stock under this program , and as of december 31 , 2011 , no purchase authority remained under the program .the following table presents purchases of our common stock and related information for the three months ended december 31 , 2011 .( dollars in millions , except per share amounts , shares in thousands ) period total number of shares purchased under publicly announced program average price paid per share approximate dollar value of shares purchased under publicly announced program approximate dollar value of shares yet to be purchased under publicly announced program .
[['( dollars in millions except per share amounts shares in thousands ) period', 'total number of shares purchased under publicly announced program', 'average price paid per share', 'approximate dollar value of shares purchased underpublicly announced program', 'approximate dollar value of shares yet to be purchased under publicly announced program'], ['october 1 - october 31 2011', '1528', '$ 40.15', '$ 61', '$ 164'], ['november 1 - november 30 2011', '4086', '40.05', '164', '2014'], ['december 1 - december 31 2011', '2014', '2014', '2014', '2014'], ['total', '5614', '$ 40.08', '$ 225', '2014']]
additional information about our common stock , including board of directors authorization with respect to purchases by us of our common stock , is provided under 201ccapital-regulatory capital 201d in management 2019s discussion and analysis , included under item 7 , and in note 12 to the consolidated financial statements included under item 8 , and is incorporated herein by reference .related stockholdermatters as a bank holding company , the parent company is a legal entity separate and distinct from its principal banking subsidiary , state street bank , and its non-banking subsidiaries .the right of the parent company to participate as a shareholder in any distribution of assets of state street bank upon its liquidation , reorganization or otherwise is subject to the prior claims by creditors of state street bank , including obligations for federal funds purchased and securities sold under repurchase agreements and deposit liabilities .payment of common stock dividends by state street bank is subject to the provisions of massachusetts banking law , which provide that dividends may be paid out of net profits provided ( i ) capital stock and surplus remain unimpaired , ( ii ) dividend and retirement fund requirements of any preferred stock have been met , ( iii ) surplus equals or exceeds capital stock , and ( iv ) losses and bad debts , as defined , in excess of reserves specifically established for such losses and bad debts , have been deducted from net profits .under the federal reserve act and massachusetts state law , regulatory approval of the federal reserve and the massachusetts division of banks would be required if dividends declared by state street bank in any year exceeded the total of its net profits for that year combined with its retained net profits for the preceding two years , less any required transfers to surplus .in 2011 , the parent company declared aggregate common stock dividends of $ 0.72 per share , or approximately $ 358 million .in 2010 , the parent company declared aggregate common stock dividends of $ 0.04 per share , or $ 20 million .the 2011 common stock dividends represented the first increase in our common stock dividend since we announced a reduction of such dividends in the first quarter of 2009 .the prior approval of the federal reserve is required for us to pay future common stock dividends .information about dividends from the parent company and from our subsidiary banks is provided under 201ccapital 2014regulatory capital 201d in management 2019s discussion and analysis , included under item 7 , and in note 15 to the consolidated financial statements included under item 8 , and is incorporated herein by reference .future dividend payments of state street bank and other non-banking subsidiaries cannot be determined at this time .as of december 31 , 2011 , the parent company had $ 500 million outstanding in aggregate liquidation preference of its series a preferred stock .holders of shares of the preferred stock are entitled to receive non- cumulative cash dividends , only when , as and if declared by the parent company 2019s board of directors .any dividends on the preferred stock are calculated at a rate per annum equal to the three-month libor for the relevant three-month period plus 4.99% ( 4.99 % ) , with such dividend rate applied to the outstanding liquidation preference .
|
what was the percent of the total number of shares purchased under publicly announced program in november
|
72.8%
|
{
"answer": "72.8%",
"decimal": 0.728,
"type": "percentage"
}
| |
intermodal 2013 decreased volumes and fuel surcharges reduced freight revenue from intermodal shipments in 2009 versus 2008 .volume from international traffic decreased 24% ( 24 % ) in 2009 compared to 2008 , reflecting economic conditions , continued weak imports from asia , and diversions to non-uprr served ports .additionally , continued weakness in the domestic housing and automotive sectors translated into weak demand in large sectors of the international intermodal market , which also contributed to the volume decline .conversely , domestic traffic increased 8% ( 8 % ) in 2009 compared to 2008 .a new contract with hub group , inc. , which included additional shipments , was executed in the second quarter of 2009 and more than offset the impact of weak market conditions in the second half of 2009 .price increases and fuel surcharges generated higher revenue in 2008 , partially offset by lower volume levels .international traffic declined 11% ( 11 % ) in 2008 , reflecting continued softening of imports from china and the loss of a customer contract .notably , the peak intermodal shipping season , which usually starts in the third quarter , was particularly weak in 2008 .additionally , continued weakness in domestic housing and automotive sectors translated into weak demand in large sectors of the international intermodal market , which also contributed to lower volumes .domestic traffic declined 3% ( 3 % ) in 2008 due to the loss of a customer contract and lower volumes from less-than-truckload shippers .additionally , the flood-related embargo on traffic in the midwest during the second quarter hindered intermodal volume levels in 2008 .mexico business 2013 each of our commodity groups include revenue from shipments to and from mexico .revenue from mexico business decreased 26% ( 26 % ) in 2009 versus 2008 to $ 1.2 billion .volume declined in five of our six commodity groups , down 19% ( 19 % ) in 2009 , driven by 32% ( 32 % ) and 24% ( 24 % ) reductions in industrial products and automotive shipments , respectively .conversely , energy shipments increased 9% ( 9 % ) in 2009 versus 2008 , partially offsetting these declines .revenue from mexico business increased 13% ( 13 % ) to $ 1.6 billion in 2008 compared to 2007 .price improvements and fuel surcharges contributed to these increases , partially offset by a 4% ( 4 % ) decline in volume in 2008 compared to 2007 .operating expenses millions of dollars 2009 2008 2007 % ( % ) change 2009 v 2008 % ( % ) change 2008 v 2007 .
[['millions of dollars', '2009', '2008', '2007', '% ( % ) change 2009 v 2008', '% ( % ) change 2008 v 2007'], ['compensation and benefits', '$ 4063', '$ 4457', '$ 4526', '( 9 ) % ( % )', '( 2 ) % ( % )'], ['fuel', '1763', '3983', '3104', '-56 ( 56 )', '28'], ['purchased services and materials', '1614', '1902', '1856', '-15 ( 15 )', '2'], ['depreciation', '1444', '1387', '1321', '4', '5'], ['equipment and other rents', '1180', '1326', '1368', '-11 ( 11 )', '-3 ( 3 )'], ['other', '687', '840', '733', '-18 ( 18 )', '15'], ['total', '$ 10751', '$ 13895', '$ 12908', '( 23 ) % ( % )', '8% ( 8 % )']]
2009 intermodal revenue international domestic .
|
what was the average yearly decline in international traffic in 2008 and in 2009?
|
17.5%
|
{
"answer": "17.5%",
"decimal": 0.175,
"type": "percentage"
}
| |
jpmorgan chase & co./2010 annual report 59 consolidated results of operations this following section provides a comparative discussion of jpmorgan chase 2019s consolidated results of operations on a reported basis for the three-year period ended december 31 , 2010 .factors that related primarily to a single business segment are discussed in more detail within that business segment .for a discussion of the critical accounting estimates used by the firm that affect the consolidated results of operations , see pages 149 2013 154 of this annual report .revenue year ended december 31 , ( in millions ) 2010 2009 2008 .
[['year ended december 31 ( in millions )', '2010', '2009', '2008'], ['investment banking fees', '$ 6190', '$ 7087', '$ 5526'], ['principal transactions', '10894', '9796', '-10699 ( 10699 )'], ['lending- and deposit-related fees', '6340', '7045', '5088'], ['asset management administrationand commissions', '13499', '12540', '13943'], ['securities gains', '2965', '1110', '1560'], ['mortgage fees and related income', '3870', '3678', '3467'], ['credit card income', '5891', '7110', '7419'], ['other income', '2044', '916', '2169'], ['noninterest revenue', '51693', '49282', '28473'], ['net interest income', '51001', '51152', '38779'], ['total net revenue', '$ 102694', '$ 100434', '$ 67252']]
2010 compared with 2009 total net revenue for 2010 was $ 102.7 billion , up by $ 2.3 billion , or 2% ( 2 % ) , from 2009 .results for 2010 were driven by a higher level of securities gains and private equity gains in corporate/private equity , higher asset management fees in am and administration fees in tss , and higher other income in several businesses , partially offset by lower credit card income .investment banking fees decreased from 2009 due to lower equity underwriting and advisory fees , partially offset by higher debt underwriting fees .competitive markets combined with flat industry-wide equity underwriting and completed m&a volumes , resulted in lower equity underwriting and advisory fees ; while strong industry-wide loan syndication and high-yield bond volumes drove record debt underwriting fees in ib .for additional information on investment banking fees , which are primarily recorded in ib , see ib segment results on pages 69 201371 of this annual report .principal transactions revenue , which consists of revenue from the firm 2019s trading and private equity investing activities , increased compared with 2009 .this was driven by the private equity business , which had significant private equity gains in 2010 , compared with a small loss in 2009 , reflecting improvements in market conditions .trading revenue decreased , reflecting lower results in corporate , offset by higher revenue in ib primarily reflecting gains from the widening of the firm 2019s credit spread on certain structured and derivative liabilities .for additional information on principal transactions revenue , see ib and corporate/private equity segment results on pages 69 201371 and 89 2013 90 , respectively , and note 7 on pages 199 2013200 of this annual report .lending- and deposit-related fees decreased in 2010 from 2009 levels , reflecting lower deposit-related fees in rfs associated , in part , with newly-enacted legislation related to non-sufficient funds and overdraft fees ; this was partially offset by higher lending- related service fees in ib , primarily from growth in business volume , and in cb , primarily from higher commitment and letter-of-credit fees .for additional information on lending- and deposit-related fees , which are mostly recorded in ib , rfs , cb and tss , see segment results for ib on pages 69 201371 , rfs on pages 72 201378 , cb on pages 82 201383 and tss on pages 84 201385 of this annual report .asset management , administration and commissions revenue increased from 2009 .the increase largely reflected higher asset management fees in am , driven by the effect of higher market levels , net inflows to products with higher margins and higher performance fees ; and higher administration fees in tss , reflecting the effects of higher market levels and net inflows of assets under custody .this increase was partially offset by lower brokerage commissions in ib , as a result of lower market volumes .for additional information on these fees and commissions , see the segment discussions for am on pages 86 201388 and tss on pages 84 201385 of this annual report .securities gains were significantly higher in 2010 compared with 2009 , resulting primarily from the repositioning of the portfolio in response to changes in the interest rate environment and to rebalance exposure .for additional information on securities gains , which are mostly recorded in the firm 2019s corporate segment , see the corporate/private equity segment discussion on pages 89 201390 of this annual report .mortgage fees and related income increased in 2010 compared with 2009 , driven by higher mortgage production revenue , reflecting increased mortgage origination volumes in rfs and am , and wider margins , particularly in rfs .this increase was largely offset by higher repurchase losses in rfs ( recorded as contra- revenue ) , which were attributable to higher estimated losses related to repurchase demands , predominantly from gses .for additional information on mortgage fees and related income , which is recorded primarily in rfs , see rfs 2019s mortgage banking , auto & other consumer lending discussion on pages 74 201377 of this annual report .for additional information on repurchase losses , see the repurchase liability discussion on pages 98 2013101 and note 30 on pages 275 2013280 of this annual report .credit card income decreased during 2010 , predominantly due to the impact of the accounting guidance related to vies , effective january 1 , 2010 , that required the firm to consolidate the assets and liabilities of its firm-sponsored credit card securitization trusts .adoption of the new guidance resulted in the elimination of all servicing fees received from firm-sponsored credit card securitization trusts ( which was offset by related increases in net .
|
what was noninterest revenue as a percent of total net revenue in 2010?
|
50%
|
{
"answer": "50%",
"decimal": 0.5,
"type": "percentage"
}
| |
notes to the consolidated financial statements 50 2016 ppg annual report and form 10-k loans will bear interest at rates based , at the company 2019s option , on one of two specified base rates plus a margin based on certain formulas defined in the credit agreement .additionally , the credit agreement contains a commitment fee , as defined in the credit agreement , on the amount of unused commitments under the credit agreement ranging from 0.080% ( 0.080 % ) to 0.225% ( 0.225 % ) per annum .the average commitment fee in 2016 was 0.09% ( 0.09 % ) , and ppg is committed to pay 0.09% ( 0.09 % ) in 2017 .the credit agreement also supports the company 2019s commercial paper borrowings .as a result , the commercial paper borrowings as of december 31 , 2015 were classified as long- term debt based on ppg 2019s intent and ability to refinance these borrowings on a long-term basis .there were no commercial paper borrowings outstanding as of december 31 , 2016 .the credit agreement contains usual and customary restrictive covenants for facilities of its type , which include , with specified exceptions , limitations on the company 2019s ability to create liens or other encumbrances , to enter into sale and leaseback transactions and to enter into consolidations , mergers or transfers of all or substantially all of its assets .the credit agreement maintains the same restrictive covenant as the prior credit agreement whereby the company must maintain a ratio of total indebtedness to total capitalization , as defined in the credit agreement , of 60% ( 60 % ) or less .as of december 31 , 2016 , total indebtedness was 45% ( 45 % ) of the company 2019s total capitalization .the credit agreement also contains customary events of default , including the failure to make timely payments when due under the credit agreement or other material indebtedness , the failure to satisfy covenants contained in the credit agreement , a change in control of the company and specified events of bankruptcy and insolvency that would permit the lenders to accelerate the repayment of any loans .in june 2015 , ppg 2019s 20ac300 million 3.875% ( 3.875 % ) notes matured , upon which the company paid $ 336 million to settle these obligations .in march 2015 , ppg completed a public offering of 20ac600 million 0.875% ( 0.875 % ) notes due 2022 and 20ac600 million 1.400% ( 1.400 % ) notes due 2027 , or 20ac1.2 billion ( $ 1.26 billion ) in aggregate principal amount .these notes were issued pursuant to ppg 2019s existing shelf registration statement and pursuant to an indenture between the company and the bank of new york mellon trust company , n.a. , as trustee , as supplemented .the indenture governing these notes contains covenants that limit the company 2019s ability to , among other things , incur certain liens securing indebtedness , engage in certain sale-leaseback transactions , and enter into certain consolidations , mergers , conveyances , transfers or leases of all or substantially all the company 2019s assets .the terms of these notes also require the company to make an offer to repurchase notes upon a change of control triggering event ( as defined in the indenture ) at a price equal to 101% ( 101 % ) of their principal amount plus accrued and unpaid interest .the company may issue additional debt from time to time pursuant to the indenture .the aggregate cash proceeds from the notes , net of discounts and fees , was $ 1.24 billion .the notes are denominated in euro and have been designated as hedges of net investments in the company 2019s european operations .for more information , refer to note 9 201cfinancial instruments , hedging activities and fair value measurements . 201d 2014 activities in november 2014 , ppg completed a public offering of $ 300 million in aggregate principal amount of its 2.3% ( 2.3 % ) notes due 2019 .these notes were issued pursuant to its existing shelf registration statement and pursuant to an indenture between the company and the bank of new york mellon trust company , n.a. , as trustee , as supplemented .the company may issue additional debt from time to time pursuant to the indenture .the indenture governing these notes contains covenants that limit the company 2019s ability to , among other things , incur certain liens securing indebtedness , engage in certain sale-leaseback transactions , and enter into certain consolidations , mergers , conveyances , transfers or leases of all or substantially all the company 2019s assets .the terms of these notes also require the company to make an offer to repurchase notes upon a change of control triggering event ( as defined in the indenture ) at a price equal to 101% ( 101 % ) of their principal amount plus accrued and unpaid interest .also in november 2014 , the company entered into three euro-denominated borrowings as follows .3-year 20ac500 million bank loan interest on this loan is variable and is based on changes to the euribor interest rate .this loan contains covenants materially consistent with the five-year credit agreement .at december 31 , 2016 , the average interest rate on this borrowing was 0.31% ( 0.31 % ) .15-year 20ac80 million 2.5% ( 2.5 % ) fixed interest and 30-year 20ac120 million 3.0% ( 3.0 % ) fixed interest notes ppg privately placed a 15-year 20ac80 million 2.5% ( 2.5 % ) fixed interest note and a 30-year 20ac120 million 3.0% ( 3.0 % ) fixed interest note .these notes contain covenants materially consistent with the 2.3% ( 2.3 % ) notes discussed above .the cash proceeds related to these borrowings net of discounts and fees were as follows: .
[['( $ in millions )', 'proceeds'], ['3-year variable rate bank loan ( 1 )', '$ 620'], ['2.30% ( 2.30 % ) notes due 2019', '297'], ['15-year 2.5% ( 2.5 % ) fixed rate note ( 1 )', '99'], ['30-year 3.0% ( 3.0 % ) fixed rate note ( 1 )', '142'], ['total cash proceeds', '$ 1158']]
( 1 ) these debt arrangements are denominated in euro and have been designated as net investment hedges of the company 2019s european operations .for more information refer to note 9 201cfinancial instruments , hedging activities and fair value measurements . 201d in december 2014 , ppg completed a debt refinancing which included redeeming approximately $ 1.5 billion of public notes and a tender offer for any and all of its outstanding 9% ( 9 % ) debentures , due 2021 and the 7.70% ( 7.70 % ) notes , due 2038 ( together , the 201coffers 201d ) .the consideration for each $ 1000 principal amount of the 2021 debentures was $ 1334 and was $ 1506 for the 2038 notes .after the expiration of the offers , ppg accepted for purchase all of the securities that were validly tendered .an aggregate principal amount of $ 90 million was redeemed .
|
how much annual interest expense did ppg save by retiring it's 3.875% ( 3.875 % ) notes , in million euros?
|
11.6
|
{
"answer": "11.6",
"decimal": 11.6,
"type": "float"
}
| |
cross-border outstandings to countries in which we do business which amounted to at least 1% ( 1 % ) of our consolidated total assets were as follows as of december 31 : 2007 2006 2005 ( in millions ) .
[['( in millions )', '2007', '2006', '2005'], ['united kingdom', '$ 5951', '$ 5531', '$ 2696'], ['canada', '4565', '2014', '1463'], ['australia', '3567', '1519', '1441'], ['netherlands', '2014', '2014', '992'], ['germany', '2944', '2696', '4217'], ['total cross-border outstandings', '$ 17027', '$ 9746', '$ 10809']]
the total cross-border outstandings presented in the table represented 12% ( 12 % ) , 9% ( 9 % ) and 11% ( 11 % ) of our consolidated total assets as of december 31 , 2007 , 2006 and 2005 , respectively .there were no cross- border outstandings to countries which totaled between .75% ( .75 % ) and 1% ( 1 % ) of our consolidated total assets as of december 31 , 2007 .aggregate cross-border outstandings to countries which totaled between .75% ( .75 % ) and 1% ( 1 % ) of our consolidated total assets at december 31 , 2006 , amounted to $ 1.05 billion ( canada ) and at december 31 , 2005 , amounted to $ 1.86 billion ( belgium and japan ) .capital regulatory and economic capital management both use key metrics evaluated by management to ensure that our actual level of capital is commensurate with our risk profile , is in compliance with all regulatory requirements , and is sufficient to provide us with the financial flexibility to undertake future strategic business initiatives .regulatory capital our objective with respect to regulatory capital management is to maintain a strong capital base in order to provide financial flexibility for our business needs , including funding corporate growth and supporting customers 2019 cash management needs , and to provide protection against loss to depositors and creditors .we strive to maintain an optimal level of capital , commensurate with our risk profile , on which an attractive return to shareholders will be realized over both the short and long term , while protecting our obligations to depositors and creditors and satisfying regulatory requirements .our capital management process focuses on our risk exposures , our capital position relative to our peers , regulatory capital requirements and the evaluations of the major independent credit rating agencies that assign ratings to our public debt .the capital committee , working in conjunction with the asset and liability committee , referred to as 2018 2018alco , 2019 2019 oversees the management of regulatory capital , and is responsible for ensuring capital adequacy with respect to regulatory requirements , internal targets and the expectations of the major independent credit rating agencies .the primary regulator of both state street and state street bank for regulatory capital purposes is the federal reserve board .both state street and state street bank are subject to the minimum capital requirements established by the federal reserve board and defined in the federal deposit insurance corporation improvement act of 1991 .state street bank must meet the regulatory capital thresholds for 2018 2018well capitalized 2019 2019 in order for the parent company to maintain its status as a financial holding company. .
|
what was the percent change in cross-border outstandings in the uk between 2006 and 2007?
|
7.5%
|
{
"answer": "7.5%",
"decimal": 0.075,
"type": "percentage"
}
| |
15 .leases in january 1996 , the company entered into a lease agreement with an unrelated third party for a new corporate office facility , which the company occupied in february 1997 .in may 2004 , the company entered into the first amendment to this lease agreement , effective january 1 , 2004 .the lease was extended from an original period of 10 years , with an option for five additional years , to a period of 18 years from the inception date , with an option for five additional years .the company incurred lease rental expense related to this facility of $ 1.3 million in 2008 , 2007 and 2006 .the future minimum lease payments are $ 1.4 million per annum from january 1 , 2009 to december 31 , 2014 .the future minimum lease payments from january 1 , 2015 through december 31 , 2019 will be determined based on prevailing market rental rates at the time of the extension , if elected .the amended lease also provided for the lessor to reimburse the company for up to $ 550000 in building refurbishments completed through march 31 , 2006 .these amounts have been recorded as a reduction of lease expense over the remaining term of the lease .the company has also entered into various noncancellable operating leases for equipment and office space .office space lease expense totaled $ 9.3 million , $ 6.3 million and $ 4.7 million for the years ended december 31 , 2008 , 2007 and 2006 , respectively .future minimum lease payments under noncancellable operating leases for office space in effect at december 31 , 2008 are $ 8.8 million in 2009 , $ 6.6 million in 2010 , $ 3.0 million in 2011 , $ 1.8 million in 2012 and $ 1.1 million in 2013 .16 .royalty agreements the company has entered into various renewable , nonexclusive license agreements under which the company has been granted access to the licensor 2019s technology and the right to sell the technology in the company 2019s product line .royalties are payable to developers of the software at various rates and amounts , which generally are based upon unit sales or revenue .royalty fees are reported in cost of goods sold and were $ 6.3 million , $ 5.2 million and $ 3.9 million for the years ended december 31 , 2008 , 2007 and 2006 , respectively .17 .geographic information revenue to external customers is attributed to individual countries based upon the location of the customer .revenue by geographic area is as follows: .
[['( in thousands )', 'year ended december 31 , 2008', 'year ended december 31 , 2007', 'year ended december 31 , 2006'], ['united states', '$ 151688', '$ 131777', '$ 94282'], ['germany', '68390', '50973', '34567'], ['japan', '66960', '50896', '35391'], ['canada', '8033', '4809', '4255'], ['other european', '127246', '108971', '70184'], ['other international', '56022', '37914', '24961'], ['total revenue', '$ 478339', '$ 385340', '$ 263640']]
.
|
in 2008 what was the percent of the revenue by geographic from the unite states
|
31.7%
|
{
"answer": "31.7%",
"decimal": 0.317,
"type": "percentage"
}
| |
during the years ended december 31 , 2013 , 2012 , and 2011 , we recognized approximately $ 6.5 million , $ 5.1 million and $ 4.7 million of compensation expense , respectively , for these options .as of december 31 , 2013 , there was approximately $ 20.3 million of total unrecognized compensation cost related to unvested stock options , which is expected to be recognized over a weighted average period of three years .stock-based compensation effective january 1 , 1999 , we implemented a deferred compensation plan , or the deferred plan , covering certain of our employees , including our executives .the shares issued under the deferred plan were granted to certain employees , including our executives and vesting will occur annually upon the completion of a service period or our meeting established financial performance criteria .annual vesting occurs at rates ranging from 15% ( 15 % ) to 35% ( 35 % ) once performance criteria are reached .a summary of our restricted stock as of december 31 , 2013 , 2012 and 2011 and charges during the years then ended are presented below: .
[['', '2013', '2012', '2011'], ['balance at beginning of year', '2804901', '2912456', '2728290'], ['granted', '192563', '92729', '185333'], ['cancelled', '-3267 ( 3267 )', '-200284 ( 200284 )', '-1167 ( 1167 )'], ['balance at end of year', '2994197', '2804901', '2912456'], ['vested during the year', '21074', '408800', '66299'], ['compensation expense recorded', '$ 6713155', '$ 6930381', '$ 17365401'], ['weighted average fair value of restricted stock granted during the year', '$ 17386949', '$ 7023942', '$ 21768084']]
weighted average fair value of restricted stock granted during the year $ 17386949 $ 7023942 $ 21768084 the fair value of restricted stock that vested during the years ended december 31 , 2013 , 2012 and 2011 was $ 1.6 million , $ 22.4 million and $ 4.3 million , respectively .as of december 31 , 2013 , there was $ 17.8 million of total unrecognized compensation cost related to unvested restricted stock , which is expected to be recognized over a weighted average period of approximately 2.7 years .for the years ended december 31 , 2013 , 2012 and 2011 , approximately $ 4.5 million , $ 4.1 million and $ 3.4 million , respectively , was capitalized to assets associated with compensation expense related to our long-term compensation plans , restricted stock and stock options .we granted ltip units , which include bonus , time-based and performance based awards , with a fair value of $ 27.1 million , zero and $ 8.5 million as of 2013 , 2012 and 2011 , respectively .the grant date fair value of the ltip unit awards was calculated in accordance with asc 718 .a third party consultant determined the fair value of the ltip units to have a discount from sl green's common stock price .the discount was calculated by considering the inherent uncertainty that the ltip units will reach parity with other common partnership units and the illiquidity due to transfer restrictions .as of december 31 , 2013 , there was $ 5.0 million of total unrecognized compensation expense related to the time-based and performance based awards , which is expected to be recognized over a weighted average period of approximately 1.5 years .during the years ended december 31 , 2013 , 2012 and 2011 , we recorded compensation expense related to bonus , time-based and performance based awards of approximately $ 27.3 million , $ 12.6 million and $ 8.5 million , respectively .2010 notional unit long-term compensation plan in december 2009 , the compensation committee of the company's board of directors approved the general terms of the sl green realty corp .2010 notional unit long-term compensation program , or the 2010 long-term compensation plan .the 2010 long-term compensation plan is a long-term incentive compensation plan pursuant to which award recipients could earn , in the aggregate , from approximately $ 15.0 million up to approximately $ 75.0 million of ltip units in the operating partnership based on our stock price appreciation over three years beginning on december 1 , 2009 ; provided that , if maximum performance had been achieved , approximately $ 25.0 million of awards could be earned at any time after the beginning of the second year and an additional approximately $ 25.0 million of awards could be earned at any time after the beginning of the third year .in order to achieve maximum performance under the 2010 long-term compensation plan , our aggregate stock price appreciation during the performance period had to equal or exceed 50% ( 50 % ) .the compensation committee determined that maximum performance had been achieved at or shortly after the beginning of each of the second and third years of the performance period and for the full performance period and , accordingly , 366815 ltip units , 385583 ltip units and 327416 ltip units were earned under the 2010 long-term compensation plan in december 2010 , 2011 and 2012 , respectively .substantially in accordance with the original terms of the program , 50% ( 50 % ) of these ltip units vested on december 17 , 2012 ( accelerated from the original january 1 , 2013 vesting date ) , 25% ( 25 % ) of these ltip units vested on december 11 , 2013 ( accelerated from the original january 1 , 2014 vesting date ) and the remainder is scheduled to vest on january 1 , 2015 based on .
|
for the years ended december 31 , 2013 , 2012 and 2011 , what was the total in millions capitalized to assets associated with compensation expense related to long-term compensation plans , restricted stock and stock options?\\n
|
12
|
{
"answer": "12",
"decimal": 12,
"type": "float"
}
| |
were more than offset by higher raw material and energy costs ( $ 312 million ) , increased market related downtime ( $ 187 million ) and other items ( $ 30 million ) .com- pared with 2003 , higher 2005 earnings in the brazilian papers , u.s .coated papers and u.s .market pulp busi- nesses were offset by lower earnings in the u.s .un- coated papers and the european papers businesses .the printing papers segment took 995000 tons of downtime in 2005 , including 540000 tons of lack-of-order down- time to align production with customer demand .this compared with 525000 tons of downtime in 2004 , of which 65000 tons related to lack-of-orders .printing papers in millions 2005 2004 2003 .
[['in millions', '2005', '2004', '2003'], ['sales', '$ 7860', '$ 7670', '$ 7280'], ['operating profit', '$ 552', '$ 581', '$ 464']]
uncoated papers sales totaled $ 4.8 billion in 2005 compared with $ 5.0 billion in 2004 and 2003 .sales price realizations in the united states averaged 4.4% ( 4.4 % ) higher in 2005 than in 2004 , and 4.6% ( 4.6 % ) higher than 2003 .favorable pricing momentum which began in 2004 carried over into the beginning of 2005 .demand , however , began to weaken across all grades as the year progressed , resulting in lower price realizations in the second and third quarters .however , prices stabilized as the year ended .total shipments for the year were 7.2% ( 7.2 % ) lower than in 2004 and 4.2% ( 4.2 % ) lower than in 2003 .to continue matching our productive capacity with customer demand , the business announced the perma- nent closure of three uncoated freesheet machines and took significant lack-of-order downtime during the period .demand showed some improvement toward the end of the year , bolstered by the introduction our new line of vision innovation paper products ( vip technologiestm ) , with improved brightness and white- ness .mill operations were favorable compared to last year , and the rebuild of the no .1 machine at the east- over , south carolina mill was completed as planned in the fourth quarter .however , the favorable impacts of improved mill operations and lower overhead costs were more than offset by record high input costs for energy and wood and higher transportation costs compared to 2004 .the earnings decline in 2005 compared with 2003 was principally due to lower shipments , higher down- time and increased costs for wood , energy and trans- portation , partially offset by lower overhead costs and favorable mill operations .average sales price realizations for our european operations remained relatively stable during 2005 , but averaged 1% ( 1 % ) lower than in 2004 , and 6% ( 6 % ) below 2003 levels .sales volumes rose slightly , up 1% ( 1 % ) in 2005 com- pared with 2004 and 5% ( 5 % ) compared to 2003 .earnings were lower than in 2004 , reflecting higher wood and energy costs and a compression of margins due to un- favorable foreign currency exchange movements .earn- ings were also adversely affected by downtime related to the rebuild of three paper machines during the year .coated papers sales in the united states were $ 1.6 bil- lion in 2005 , compared with $ 1.4 billion in 2004 and $ 1.3 billion in 2003 .the business reported an operating profit in 2005 versus a small operating loss in 2004 .the earnings improvement was driven by higher average sales prices and improved mill operations .price realiza- tions in 2005 averaged 13% ( 13 % ) higher than 2004 .higher input costs for raw materials and energy partially offset the benefits from improved prices and operations .sales volumes were about 1% ( 1 % ) lower in 2005 versus 2004 .market pulp sales from our u.s .and european facilities totaled $ 757 million in 2005 compared with $ 661 mil- lion and $ 571 million in 2004 and 2003 , respectively .operating profits in 2005 were up 86% ( 86 % ) from 2004 .an operating loss had been reported in 2003 .higher aver- age prices and sales volumes , lower overhead costs and improved mill operations in 2005 more than offset in- creases in raw material , energy and chemical costs .u.s .softwood and hardwood pulp prices improved through the 2005 first and second quarters , then declined during the third quarter , but recovered somewhat toward year end .softwood pulp prices ended the year about 2% ( 2 % ) lower than 2004 , but were 15% ( 15 % ) higher than 2003 , while hardwood pulp prices ended the year about 15% ( 15 % ) higher than 2004 and 10% ( 10 % ) higher than 2003 .u.s .pulp sales volumes were 12% ( 12 % ) higher than in 2004 and 19% ( 19 % ) higher than in 2003 , reflecting increased global demand .euro- pean pulp volumes increased 15% ( 15 % ) and 2% ( 2 % ) compared with 2004 and 2003 , respectively , while average sales prices increased 4% ( 4 % ) and 11% ( 11 % ) compared with 2004 and 2003 , respectively .brazilian paper sales were $ 684 million in 2005 com- pared with $ 592 million in 2004 and $ 540 million in 2003 .sales volumes for uncoated freesheet paper , coated paper and wood chips were down from 2004 , but average price realizations improved for exported un- coated freesheet and coated groundwood paper grades .favorable currency translation , as yearly average real exchange rates versus the u.s .dollar were 17% ( 17 % ) higher in 2005 than in 2004 , positively impacted reported sales in u.s .dollars .average sales prices for domestic un- coated paper declined 4% ( 4 % ) in local currency versus 2004 , while domestic coated paper prices were down 3% ( 3 % ) .operating profits in 2005 were down 9% ( 9 % ) from 2004 , but were up 2% ( 2 % ) from 2003 .earnings in 2005 were neg- atively impacted by a weaker product and geographic sales mix for both uncoated and coated papers , reflecting increased competition and softer demand , particularly in the printing , commercial and editorial market segments. .
|
what percentage of printing paper sales is attributable to uncoated papers sales in 2005?
|
61%
|
{
"answer": "61%",
"decimal": 0.61,
"type": "percentage"
}
| |
the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2017 , 2016 , and 2015 the total amount of unrecognized tax benefits anticipated to result in a net decrease to unrecognized tax benefits within 12 months of december 31 , 2017 is estimated to be between $ 5 million and $ 15 million , primarily relating to statute of limitation lapses and tax exam settlements .the following is a reconciliation of the beginning and ending amounts of unrecognized tax benefits for the periods indicated ( in millions ) : .
[['december 31,', '2017', '2016', '2015'], ['balance at january 1', '$ 352', '$ 364', '$ 384'], ['additions for current year tax positions', '2014', '2', '2'], ['additions for tax positions of prior years', '2', '1', '12'], ['reductions for tax positions of prior years', '-5 ( 5 )', '-1 ( 1 )', '-7 ( 7 )'], ['effects of foreign currency translation', '2014', '2014', '-3 ( 3 )'], ['settlements', '2014', '-13 ( 13 )', '-17 ( 17 )'], ['lapse of statute of limitations', '-1 ( 1 )', '-1 ( 1 )', '-7 ( 7 )'], ['balance at december 31', '$ 348', '$ 352', '$ 364']]
the company and certain of its subsidiaries are currently under examination by the relevant taxing authorities for various tax years .the company regularly assesses the potential outcome of these examinations in each of the taxing jurisdictions when determining the adequacy of the amount of unrecognized tax benefit recorded .while it is often difficult to predict the final outcome or the timing of resolution of any particular uncertain tax position , we believe we have appropriately accrued for our uncertain tax benefits .however , audit outcomes and the timing of audit settlements and future events that would impact our previously recorded unrecognized tax benefits and the range of anticipated increases or decreases in unrecognized tax benefits are subject to significant uncertainty .it is possible that the ultimate outcome of current or future examinations may exceed our provision for current unrecognized tax benefits in amounts that could be material , but cannot be estimated as of december 31 , 2017 .our effective tax rate and net income in any given future period could therefore be materially impacted .21 .discontinued operations due to a portfolio evaluation in the first half of 2016 , management decided to pursue a strategic shift of its distribution companies in brazil , sul and eletropaulo , to reduce the company's exposure to the brazilian distribution market .eletropaulo 2014 in november 2017 , eletropaulo converted its preferred shares into ordinary shares and transitioned the listing of those shares into the novo mercado , which is a listing segment of the brazilian stock exchange with the highest standards of corporate governance .upon conversion of the preferred shares into ordinary shares , aes no longer controlled eletropaulo , but maintained significant influence over the business .as a result , the company deconsolidated eletropaulo .after deconsolidation , the company's 17% ( 17 % ) ownership interest is reflected as an equity method investment .the company recorded an after-tax loss on deconsolidation of $ 611 million , which primarily consisted of $ 455 million related to cumulative translation losses and $ 243 million related to pension losses reclassified from aocl .in december 2017 , all the remaining criteria were met for eletropaulo to qualify as a discontinued operation .therefore , its results of operations and financial position were reported as such in the consolidated financial statements for all periods presented .eletropaulo's pre-tax loss attributable to aes , including the loss on deconsolidation , for the years ended december 31 , 2017 and 2016 was $ 633 million and $ 192 million , respectively .eletropaulo's pre-tax income attributable to aes for the year ended december 31 , 2015 was $ 73 million .prior to its classification as discontinued operations , eletropaulo was reported in the brazil sbu reportable segment .sul 2014 the company executed an agreement for the sale of sul , a wholly-owned subsidiary , in june 2016 .the results of operations and financial position of sul are reported as discontinued operations in the consolidated financial statements for all periods presented .upon meeting the held-for-sale criteria , the company recognized an after-tax loss of $ 382 million comprised of a pre-tax impairment charge of $ 783 million , offset by a tax benefit of $ 266 million related to the impairment of the sul long lived assets and a tax benefit of $ 135 million for deferred taxes related to the investment in sul .prior to the impairment charge , the carrying value of the sul asset group of $ 1.6 billion was greater than its approximate fair value less costs to sell .however , the impairment charge was limited to the carrying value of the long lived assets of the sul disposal group .on october 31 , 2016 , the company completed the sale of sul and received final proceeds less costs to sell of $ 484 million , excluding contingent consideration .upon disposal of sul , the company incurred an additional after-tax .
|
what percent of the after-tax loss on deconsolidation hit ordinary income?
|
39.8%
|
{
"answer": "39.8%",
"decimal": 0.39799999999999996,
"type": "percentage"
}
| |
repurchase of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2012 to december 31 , 2012 .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 ) purchased1', 'average price paidper share ( or unit ) 2', 'total number ofshares ( or units ) purchased as part ofpublicly announcedplans or programs3', 'maximum number ( or approximate dollar value ) of shares ( or units ) that mayyet be purchased under theplans or programs3'], ['october 1 - 31', '13566', '$ 10.26', '0', '$ 148858924'], ['november 1 - 30', '5345171', '$ 9.98', '5343752', '$ 195551133'], ['december 1 - 31', '8797959', '$ 10.87', '8790000', '$ 99989339'], ['total', '14156696', '$ 10.53', '14133752', '']]
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 13566 withheld shares in october 2012 , 1419 withheld shares in november 2012 and 7959 withheld shares in december 2012 , for a total of 22944 withheld shares during the three-month period .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 on february 24 , 2012 , we announced in a press release that our board had approved a share repurchase program to repurchase from time to time up to $ 300.0 million of our common stock ( the 201c2012 share repurchase program 201d ) , in addition to amounts available on existing authorizations .on november 20 , 2012 , we announced in a press release that our board had authorized an increase in our 2012 share repurchase program to $ 400.0 million of our common stock .on february 22 , 2013 , we announced that our board had approved a new share repurchase program to repurchase from time to time up to $ 300.0 million of our common stock .the new authorization is in addition to any amounts remaining available for repurchase under the 2012 share repurchase program .there is no expiration date associated with the share repurchase programs. .
|
what was the percentage of the total number of shares ( or units ) purchased in december
|
62.1%
|
{
"answer": "62.1%",
"decimal": 0.621,
"type": "percentage"
}
| |
be adjusted by reference to a grid ( the 201cpricing grid 201d ) based on the consolidated leverage ratio and ranges between 1.00% ( 1.00 % ) to 1.25% ( 1.25 % ) for adjusted libor loans and 0.00% ( 0.00 % ) to 0.25% ( 0.25 % ) for alternate base rate loans .the weighted average interest rate under the outstanding term loans and revolving credit facility borrowings was 1.6% ( 1.6 % ) and 1.3% ( 1.3 % ) during the years ended december 31 , 2016 and 2015 , respectively .the company pays a commitment fee on the average daily unused amount of the revolving credit facility and certain fees with respect to letters of credit .as of december 31 , 2016 , the commitment fee was 15.0 basis points .since inception , the company incurred and deferred $ 3.9 million in financing costs in connection with the credit agreement .3.250% ( 3.250 % ) senior notes in june 2016 , the company issued $ 600.0 million aggregate principal amount of 3.250% ( 3.250 % ) senior unsecured notes due june 15 , 2026 ( the 201cnotes 201d ) .the proceeds were used to pay down amounts outstanding under the revolving credit facility .interest is payable semi-annually on june 15 and december 15 beginning december 15 , 2016 .prior to march 15 , 2026 ( three months prior to the maturity date of the notes ) , the company may redeem some or all of the notes at any time or from time to time at a redemption price equal to the greater of 100% ( 100 % ) of the principal amount of the notes to be redeemed or a 201cmake-whole 201d amount applicable to such notes as described in the indenture governing the notes , plus accrued and unpaid interest to , but excluding , the redemption date .on or after march 15 , 2026 ( three months prior to the maturity date of the notes ) , the company may redeem some or all of the notes at any time or from time to time at a redemption price equal to 100% ( 100 % ) of the principal amount of the notes to be redeemed , plus accrued and unpaid interest to , but excluding , the redemption date .the indenture governing the notes contains covenants , including limitations that restrict the company 2019s ability and the ability of certain of its subsidiaries to create or incur secured indebtedness and enter into sale and leaseback transactions and the company 2019s ability to consolidate , merge or transfer all or substantially all of its properties or assets to another person , in each case subject to material exceptions described in the indenture .the company incurred and deferred $ 5.3 million in financing costs in connection with the notes .other long term debt in december 2012 , the company entered into a $ 50.0 million recourse loan collateralized by the land , buildings and tenant improvements comprising the company 2019s corporate headquarters .the loan has a seven year term and maturity date of december 2019 .the loan bears interest at one month libor plus a margin of 1.50% ( 1.50 % ) , and allows for prepayment without penalty .the loan includes covenants and events of default substantially consistent with the company 2019s credit agreement discussed above .the loan also requires prior approval of the lender for certain matters related to the property , including transfers of any interest in the property .as of december 31 , 2016 and 2015 , the outstanding balance on the loan was $ 42.0 million and $ 44.0 million , respectively .the weighted average interest rate on the loan was 2.0% ( 2.0 % ) and 1.7% ( 1.7 % ) for the years ended december 31 , 2016 and 2015 , respectively .the following are the scheduled maturities of long term debt as of december 31 , 2016 : ( in thousands ) .
[['2017', '$ 27000'], ['2018', '27000'], ['2019', '63000'], ['2020', '25000'], ['2021', '86250'], ['2022 and thereafter', '600000'], ['total scheduled maturities of long term debt', '$ 828250'], ['current maturities of long term debt', '$ 27000']]
.
|
what percentage of total scheduled maturities of long term debt are due in 2019?
|
8%
|
{
"answer": "8%",
"decimal": 0.08,
"type": "percentage"
}
| |
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', '$ 21780'], ['2017', '16305'], ['2018', '8670'], ['2019', '4172'], ['2020', '3298'], ['later years', '5263'], ['total', '$ 59488']]
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: .
|
what portion of the future minimum rental payments is due in 2016?
|
36.6%
|
{
"answer": "36.6%",
"decimal": 0.366,
"type": "percentage"
}
| |
entergy arkansas , inc .management's financial discussion and analysis results of operations net income 2008 compared to 2007 net income decreased $ 92.0 million primarily due to higher other operation and maintenance expenses , higher depreciation and amortization expenses , and a higher effective income tax rate , partially offset by higher net revenue .the higher other operation and maintenance expenses resulted primarily from the write-off of approximately $ 70.8 million of costs as a result of the december 2008 arkansas court of appeals decision in entergy arkansas' base rate case .the base rate case is discussed in more detail in note 2 to the financial statements .2007 compared to 2006 net income decreased $ 34.0 million primarily due to higher other operation and maintenance expenses , higher depreciation and amortization expenses , and a higher effective income tax rate .the decrease was partially offset by higher net revenue .net revenue 2008 compared to 2007 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory credits .following is an analysis of the change in net revenue comparing 2008 to 2007 .amount ( in millions ) .
[['', 'amount ( in millions )'], ['2007 net revenue', '$ 1110.6'], ['rider revenue', '13.6'], ['purchased power capacity', '4.8'], ['volume/weather', '-14.6 ( 14.6 )'], ['other', '3.5'], ['2008 net revenue', '$ 1117.9']]
the rider revenue variance is primarily due to an energy efficiency rider which became effective in november 2007 .the establishment of the rider results in an increase in rider revenue and a corresponding increase in other operation and maintenance expense with no effect on net income .also contributing to the variance was an increase in franchise tax rider revenue as a result of higher retail revenues .the corresponding increase is in taxes other than income taxes , resulting in no effect on net income .the purchased power capacity variance is primarily due to lower reserve equalization expenses .the volume/weather variance is primarily due to the effect of less favorable weather on residential and commercial sales during the billed and unbilled sales periods compared to 2007 and a 2.9% ( 2.9 % ) volume decrease in industrial sales , primarily in the wood industry and the small customer class .billed electricity usage decreased 333 gwh in all sectors .see "critical accounting estimates" below and note 1 to the financial statements for further discussion of the accounting for unbilled revenues. .
|
what is the growth rate in net revenue in 2008 for entergy arkansas?
|
0.7%
|
{
"answer": "0.7%",
"decimal": 0.006999999999999999,
"type": "percentage"
}
| |
jpmorgan chase & co ./ 2008 annual report 211 jpmorgan chase is subject to ongoing tax examinations by the tax authorities of the various jurisdictions in which it operates , including u.s .federal and state and non-u.s .jurisdictions .the firm 2019s consoli- dated federal income tax returns are presently under examination by the internal revenue service ( 201cirs 201d ) for the years 2003 , 2004 and 2005 .the consolidated federal income tax returns of bank one corporation , which merged with and into jpmorgan chase on july 1 , 2004 , are under examination for the years 2000 through 2003 , and for the period january 1 , 2004 , through july 1 , 2004 .the consolidat- ed federal income tax returns of bear stearns for the years ended november 30 , 2003 , 2004 and 2005 , are also under examination .all three examinations are expected to conclude in 2009 .the irs audits of the consolidated federal income tax returns of jpmorgan chase for the years 2006 and 2007 , and for bear stearns for the years ended november 30 , 2006 and 2007 , are expected to commence in 2009 .administrative appeals are pending with the irs relating to prior examination periods .for 2002 and prior years , refund claims relating to income and credit adjustments , and to tax attribute carry- backs , for jpmorgan chase and its predecessor entities , including bank one , have been filed .amended returns to reflect refund claims primarily attributable to net operating losses and tax credit carry- backs will be filed for the final bear stearns federal consolidated tax return for the period december 1 , 2007 , through may 30 , 2008 , and for prior years .the following table presents the u.s .and non-u.s .components of income from continuing operations before income tax expense ( benefit ) . .
[['year ended december 31 ( in millions )', '2008', '2007', '2006'], ['u.s .', '$ -2094 ( 2094 )', '$ 13720', '$ 12934'], ['non-u.s. ( a )', '4867', '9085', '6952'], ['income from continuing operationsbefore income taxexpense ( benefit )', '$ 2773', '$ 22805', '$ 19886']]
non-u.s. ( a ) 4867 9085 6952 income from continuing operations before income tax expense ( benefit ) $ 2773 $ 22805 $ 19886 ( a ) for purposes of this table , non-u.s .income is defined as income generated from operations located outside the u.s .note 29 2013 restrictions on cash and intercom- pany funds transfers the business of jpmorgan chase bank , national association ( 201cjpmorgan chase bank , n.a . 201d ) is subject to examination and regula- tion by the office of the comptroller of the currency ( 201cocc 201d ) .the bank is a member of the u.s .federal reserve system , and its deposits are insured by the fdic as discussed in note 20 on page 202 of this annual report .the board of governors of the federal reserve system ( the 201cfederal reserve 201d ) requires depository institutions to maintain cash reserves with a federal reserve bank .the average amount of reserve bal- ances deposited by the firm 2019s bank subsidiaries with various federal reserve banks was approximately $ 1.6 billion in 2008 and 2007 .restrictions imposed by u.s .federal law prohibit jpmorgan chase and certain of its affiliates from borrowing from banking subsidiaries unless the loans are secured in specified amounts .such secured loans to the firm or to other affiliates are generally limited to 10% ( 10 % ) of the banking subsidiary 2019s total capital , as determined by the risk- based capital guidelines ; the aggregate amount of all such loans is limited to 20% ( 20 % ) of the banking subsidiary 2019s total capital .the principal sources of jpmorgan chase 2019s income ( on a parent com- pany 2013only basis ) are dividends and interest from jpmorgan chase bank , n.a. , and the other banking and nonbanking subsidiaries of jpmorgan chase .in addition to dividend restrictions set forth in statutes and regulations , the federal reserve , the occ and the fdic have authority under the financial institutions supervisory act to pro- hibit or to limit the payment of dividends by the banking organizations they supervise , including jpmorgan chase and its subsidiaries that are banks or bank holding companies , if , in the banking regulator 2019s opin- ion , payment of a dividend would constitute an unsafe or unsound practice in light of the financial condition of the banking organization .at january 1 , 2009 and 2008 , jpmorgan chase 2019s banking sub- sidiaries could pay , in the aggregate , $ 17.0 billion and $ 16.2 billion , respectively , in dividends to their respective bank holding companies without the prior approval of their relevant banking regulators .the capacity to pay dividends in 2009 will be supplemented by the bank- ing subsidiaries 2019 earnings during the year .in compliance with rules and regulations established by u.s .and non-u.s .regulators , as of december 31 , 2008 and 2007 , cash in the amount of $ 20.8 billion and $ 16.0 billion , respectively , and securities with a fair value of $ 12.1 billion and $ 3.4 billion , respectively , were segregated in special bank accounts for the benefit of securities and futures brokerage customers. .
|
in 2008 what was the ratio of the cash to the securities in segregated bank accounts for the benefit of securities and futures brokerage customers
|
1.72
|
{
"answer": "1.72",
"decimal": 1.72,
"type": "float"
}
| |
cash flows from operations .
[['in millions', 'fiscal year 2018', 'fiscal year 2017', 'fiscal year 2016'], ['net earnings including earnings attributable to redeemable and noncontrollinginterests', '$ 2163.0', '$ 1701.1', '$ 1736.8'], ['depreciation and amortization', '618.8', '603.6', '608.1'], ['after-taxearnings from joint ventures', '-84.7 ( 84.7 )', '-85.0 ( 85.0 )', '-88.4 ( 88.4 )'], ['distributions of earnings from joint ventures', '113.2', '75.6', '75.1'], ['stock-based compensation', '77.0', '95.7', '89.8'], ['deferred income taxes', '-504.3 ( 504.3 )', '183.9', '120.6'], ['pension and other postretirement benefit plan contributions', '-31.8 ( 31.8 )', '-45.4 ( 45.4 )', '-47.8 ( 47.8 )'], ['pension and other postretirement benefit plan costs', '4.6', '35.7', '118.1'], ['divestitures loss ( gain )', '-', '13.5', '-148.2 ( 148.2 )'], ['restructuring impairment and other exit costs', '126.0', '117.0', '107.2'], ['changes in current assets and liabilities excluding the effects of acquisitions anddivestitures', '542.1', '-194.2 ( 194.2 )', '298.5'], ['other net', '-182.9 ( 182.9 )', '-86.3 ( 86.3 )', '-105.6 ( 105.6 )'], ['net cash provided by operating activities', '$ 2841.0', '$ 2415.2', '$ 2764.2']]
in fiscal 2018 , cash provided by operations was $ 2.8 billion compared to $ 2.4 billion in fiscal 2017 .the $ 426 million increase was primarily driven by the $ 462 million increase in net earnings and the $ 736 million change in current assets and liabilities , partially offset by a $ 688 million change in deferred income taxes .the change in deferred income taxes was primarily related to the $ 638 million provisional benefit from revaluing our net u.s .deferred tax liabilities to reflect the new u.s .corporate tax rate as a result of the tcja .the $ 736 million change in current assets and liabilities was primarily due to changes in accounts payable of $ 476 million related to the extension of payment terms and timing of payments , and $ 264 million of changes in other current liabilities primarily driven by changes in income taxes payable , trade and advertising accruals , and incentive accruals .we strive to grow core working capital at or below the rate of growth in our net sales .for fiscal 2018 , core working capital decreased 27 percent , compared to a net sales increase of 1 percent .in fiscal 2017 , core working capital increased 9 percent , compared to a net sales decline of 6 percent , and in fiscal 2016 , core working capital decreased 41 percent , compared to net sales decline of 6 percent .in fiscal 2017 , our operations generated $ 2.4 billion of cash , compared to $ 2.8 billion in fiscal 2016 .the $ 349 million decrease was primarily driven by a $ 493 million change in current assets and liabilities .the $ 493 million change in current assets and liabilities was primarily due to changes in other current liabilities driven by changes in income taxes payable , a decrease in incentive accruals , and changes in trade and advertising accruals due to reduced spending .the change in current assets and liabilities was also impacted by the timing of accounts payable .additionally , we recorded a $ 14 million loss on a divestiture during fiscal 2017 , compared to a $ 148 million net gain on divestitures during fiscal 2016 , and classified the related cash flows as investing activities. .
|
what was the percent of the change in the cash provided by operations from 2017 to 2018\\n
|
16.7%
|
{
"answer": "16.7%",
"decimal": 0.16699999999999998,
"type": "percentage"
}
| |
2322 t .r o w e p r i c e g r o u p a n n u a l r e p o r t 2 0 1 1 c o n t r a c t u a l o b l i g at i o n s the following table presents a summary of our future obligations ( in a0millions ) under the terms of existing operating leases and other contractual cash purchase commitments at december 31 , 2011 .other purchase commitments include contractual amounts that will be due for the purchase of goods or services to be used in our operations and may be cancelable at earlier times than those indicated , under certain conditions that may involve termination fees .because these obligations are generally of a normal recurring nature , we expect that we will fund them from future cash flows from operations .the information presented does not include operating expenses or capital expenditures that will be committed in the normal course of operations in 2012 and future years .the information also excludes the $ 4.7 a0million of uncertain tax positions discussed in note 9 to our consolidated financial statements because it is not possible to estimate the time period in which a payment might be made to the tax authorities. .
[['', 'total', '2012', '2013-14', '2015-16', 'later'], ['noncancelable operating leases', '$ 185', '$ 31', '$ 63', '$ 57', '$ 34'], ['other purchase commitments', '160', '112', '38', '10', '-'], ['total', '$ 345', '$ 143', '$ 101', '$ 67', '$ 34']]
we also have outstanding commitments to fund additional contributions to investment partnerships in which we have an existing investment totaling $ 42.5 a0million at december 31 , 2011 .c r i t i c a l a c c o u n t i n g p o l i c i e s the preparation of financial statements often requires the selection of specific accounting methods and policies from among several acceptable alternatives .further , significant estimates and judgments may be required in selecting and applying those methods and policies in the recognition of the assets and liabilities in our balance sheet , the revenues and expenses in our statement of income , and the information that is contained in our significant accounting policies and notes to consolidated financial statements .making these estimates and judgments requires the analysis of information concerning events that may not yet be complete and of facts and circumstances that may change over time .accordingly , actual amounts or future results can differ materially from those estimates that we include currently in our consolidated financial statements , significant accounting policies , and notes .we present those significant accounting policies used in the preparation of our consolidated financial statements as an integral part of those statements within this 2011 annual report .in the following discussion , we highlight and explain further certain of those policies that are most critical to the preparation and understanding of our financial statements .other than temporary impairments of available-for-sale securities .we generally classify our investment holdings in sponsored mutual funds and the debt securities held for investment by our savings bank subsidiary as available-for-sale .at the end of each quarter , we mark the carrying amount of each investment holding to fair value and recognize an unrealized gain or loss as a component of comprehensive income within the statement of stockholders 2019 equity .we next review each individual security position that has an unrealized loss or impairment to determine if that impairment is other than temporary .in determining whether a mutual fund holding is other than temporarily impaired , we consider many factors , including the duration of time it has existed , the severity of the impairment , any subsequent changes in value , and our intent and ability to hold the security for a period of time sufficient for an anticipated recovery in fair value .subject to the other considerations noted above , with respect to duration of time , we believe a mutual fund holding with an unrealized loss that has persisted daily throughout the six months between quarter-ends is generally presumed to have an other than temporary impairment .we may also recognize an other than temporary loss of less than six months in our statement of income if the particular circumstances of the underlying investment do not warrant our belief that a near-term recovery is possible .an impaired debt security held by our savings bank subsidiary is considered to have an other than temporary loss that we will recognize in our statement of income if the impairment is caused by a change in credit quality that affects our ability to recover our amortized cost or if we intend to sell the security or believe that it is more likely than not that we will be required to sell the security before recovering cost .minor impairments of 5% ( 5 % ) or less are generally considered temporary .other than temporary impairments of equity method investments .we evaluate our equity method investments , including our investment in uti , for impairment when events or changes in circumstances indicate that the carrying value of the investment exceeds its fair value , and the decline in fair value is other than temporary .goodwill .we internally conduct , manage and report our operations as one investment advisory business .we do not have distinct operating segments or components that separately constitute a business .accordingly , we attribute goodwill to a single reportable business segment and reporting unit 2014our investment advisory business .we evaluate the carrying amount of goodwill in our balance sheet for possible impairment on an annual basis in the third quarter of each year using a fair value approach .goodwill would be considered impaired whenever our historical carrying amount exceeds the fair value of our investment advisory business .our annual testing has demonstrated that the fair value of our investment advisory business ( our market capitalization ) exceeds our carrying amount ( our stockholders 2019 equity ) and , therefore , no impairment exists .should we reach a different conclusion in the future , additional work would be performed to ascertain the amount of the non-cash impairment charge to be recognized .we must also perform impairment testing at other times if an event or circumstance occurs indicating that it is more likely than not that an impairment has been incurred .the maximum future impairment of goodwill that we could incur is the amount recognized in our balance sheet , $ 665.7 a0million .stock options .we recognize stock option-based compensation expense in our consolidated statement of income using a fair value based method .fair value methods use a valuation model for shorter-term , market-traded financial instruments to theoretically value stock option grants even though they are not available for trading and are of longer duration .the black- scholes option-pricing model that we use includes the input of certain variables that are dependent on future expectations , including the expected lives of our options from grant date to exercise date , the volatility of our underlying common shares in the market over that time period , and the rate of dividends that we will pay during that time .our estimates of these variables are made for the purpose of using the valuation model to determine an expense for each reporting period and are not subsequently adjusted .unlike most of our expenses , the resulting charge to earnings using a fair value based method is a non-cash charge that is never measured by , or adjusted based on , a cash outflow .provision for income taxes .after compensation and related costs , our provision for income taxes on our earnings is our largest annual expense .we operate in numerous states and countries through our various subsidiaries , and must allocate our income , expenses , and earnings under the various laws and regulations of each of these taxing jurisdictions .accordingly , our provision for income taxes represents our total estimate of the liability that we have incurred in doing business each year in all of our locations .annually , we file tax returns that represent our filing positions with each jurisdiction and settle our return liabilities .each jurisdiction has the right to audit those returns and may take different positions with respect to income and expense allocations and taxable earnings determinations .from time to time , we may also provide for estimated liabilities associated with uncertain tax return filing positions that are subject to , or in the process of , being audited by various tax authorities .because the determination of our annual provision is subject to judgments and estimates , it is likely that actual results will vary from those recognized in our financial statements .as a result , we recognize additions to , or reductions of , income tax expense during a reporting period that pertain to prior period provisions as our estimated liabilities are revised and actual tax returns and tax audits are settled .we recognize any such prior period adjustment in the discrete quarterly period in which it is determined .n e w ly i s s u e d b u t n o t y e t a d o p t e d a c c o u n t i n g g u i d a n c e in may 2011 , the fasb issued amended guidance clarifying how to measure and disclose fair value .we do not believe the adoption of such amended guidance on january 1 , 2012 , will have a significant effect on our consolidated financial statements .we have also considered all other newly issued accounting guidance that is applicable to our operations and the preparation of our consolidated statements , including that which we have not yet adopted .we do not believe that any such guidance will have a material effect on our financial position or results of operation. .
|
what is the percent change in other purchase commitments between 2013-14 and 2015-16?
|
-74%
|
{
"answer": "-74%",
"decimal": -0.74,
"type": "percentage"
}
| |
492010 annual report consolidation 2013 effective february 28 , 2010 , the company adopted the fasb amended guidance for con- solidation .this guidance clarifies that the scope of the decrease in ownership provisions applies to the follow- ing : ( i ) a subsidiary or group of assets that is a business or nonprofit activity ; ( ii ) a subsidiary that is a business or nonprofit activity that is transferred to an equity method investee or joint venture ; and ( iii ) an exchange of a group of assets that constitutes a business or nonprofit activ- ity for a noncontrolling interest in an entity ( including an equity method investee or joint venture ) .this guidance also expands the disclosures about the deconsolidation of a subsidiary or derecognition of a group of assets within the scope of the guidance .the adoption of this guidance did not have a material impact on the company 2019s consolidated financial statements .3 . acquisitions : acquisition of bwe 2013 on december 17 , 2007 , the company acquired all of the issued and outstanding capital stock of beam wine estates , inc .( 201cbwe 201d ) , an indirect wholly-owned subsidiary of fortune brands , inc. , together with bwe 2019s subsidiaries : atlas peak vineyards , inc. , buena vista winery , inc. , clos du bois , inc. , gary farrell wines , inc .and peak wines international , inc .( the 201cbwe acquisition 201d ) .as a result of the bwe acquisition , the company acquired the u.s .wine portfolio of fortune brands , inc. , including certain wineries , vineyards or inter- ests therein in the state of california , as well as various super-premium and fine california wine brands including clos du bois and wild horse .the bwe acquisition sup- ports the company 2019s strategy of strengthening its portfolio with fast-growing super-premium and above wines .the bwe acquisition strengthens the company 2019s position as the leading wine company in the world and the leading premium wine company in the u.s .total consideration paid in cash was $ 877.3 million .in addition , the company incurred direct acquisition costs of $ 1.4 million .the purchase price was financed with the net proceeds from the company 2019s december 2007 senior notes ( as defined in note 11 ) and revolver borrowings under the company 2019s june 2006 credit agreement , as amended in february 2007 and november 2007 ( as defined in note 11 ) .in accordance with the purchase method of accounting , the acquired net assets are recorded at fair value at the date of acquisition .the purchase price was based primarily on the estimated future operating results of the bwe business , including the factors described above .in june 2008 , the company sold certain businesses consisting of several of the california wineries and wine brands acquired in the bwe acquisition , as well as certain wineries and wine brands from the states of washington and idaho ( collectively , the 201cpacific northwest business 201d ) ( see note 7 ) .the results of operations of the bwe business are reported in the constellation wines segment and are included in the consolidated results of operations of the company from the date of acquisition .the following table summarizes the fair values of the assets acquired and liabilities assumed in the bwe acquisition at the date of acquisition .( in millions ) current assets $ 288.4 property , plant and equipment 232.8 .
[['current assets', '$ 288.4'], ['property plant and equipment', '232.8'], ['goodwill', '334.6'], ['trademarks', '97.9'], ['other assets', '30.2'], ['total assets acquired', '983.9'], ['current liabilities', '103.9'], ['long-term liabilities', '1.3'], ['total liabilities assumed', '105.2'], ['net assets acquired', '$ 878.7']]
other assets 30.2 total assets acquired 983.9 current liabilities 103.9 long-term liabilities 1.3 total liabilities assumed 105.2 net assets acquired $ 878.7 the trademarks are not subject to amortization .all of the goodwill is expected to be deductible for tax purposes .acquisition of svedka 2013 on march 19 , 2007 , the company acquired the svedka vodka brand ( 201csvedka 201d ) in connection with the acquisition of spirits marque one llc and related business ( the 201csvedka acquisition 201d ) .svedka is a premium swedish vodka .at the time of the acquisition , the svedka acquisition supported the company 2019s strategy of expanding the company 2019s premium spirits business and provided a foundation from which the company looked to leverage its existing and future premium spirits portfolio for growth .in addition , svedka complemented the company 2019s then existing portfolio of super-premium and value vodka brands by adding a premium vodka brand .total consideration paid in cash for the svedka acquisition was $ 385.8 million .in addition , the company incurred direct acquisition costs of $ 1.3 million .the pur- chase price was financed with revolver borrowings under the company 2019s june 2006 credit agreement , as amended in february 2007 .in accordance with the purchase method of accounting , the acquired net assets are recorded at fair value at the date of acquisition .the purchase price was based primarily on the estimated future operating results of the svedka business , including the factors described above .the results of operations of the svedka business are reported in the constellation wines segment and are included in the consolidated results of operations of the company from the date of acquisition. .
|
what was the total of intangibles acquired in the bwe acquisition , in millions?
|
432.5
|
{
"answer": "432.5",
"decimal": 432.5,
"type": "float"
}
| |
table of contents notes to consolidated financial statements of american airlines , inc .certificate of incorporation ( the certificate of incorporation ) contains transfer restrictions applicable to certain substantial stockholders .although the purpose of these transfer restrictions is to prevent an ownership change from occurring , there can be no assurance that an ownership change will not occur even with these transfer restrictions .a copy of the certificate of incorporation was attached as exhibit 3.1 to a current report on form 8-k filed by aag with the sec on december 9 , 2013 .reorganization items , net reorganization items refer to revenues , expenses ( including professional fees ) , realized gains and losses and provisions for losses that are realized or incurred in the chapter 11 cases .the following table summarizes the components included in reorganization items , net on the consolidated statement of operations for the year ended december 31 , 2013 ( in millions ) : december 31 .
[['', 'december 31 2013'], ['labor-related deemed claim ( 1 )', '$ 1733'], ['aircraft and facility financing renegotiations and rejections ( 2 ) ( 3 )', '320'], ['fair value of conversion discount ( 4 )', '218'], ['professional fees', '199'], ['other', '170'], ['total reorganization items net', '$ 2640']]
( 1 ) in exchange for employees 2019 contributions to the successful reorganization , including agreeing to reductions in pay and benefits , american agreed in the plan to provide each employee group a deemed claim , which was used to provide a distribution of a portion of the equity of the reorganized entity to those employees .each employee group received a deemed claim amount based upon a portion of the value of cost savings provided by that group through reductions to pay and benefits as well as through certain work rule changes .the total value of this deemed claim was approximately $ 1.7 billion .( 2 ) amounts include allowed claims ( claims approved by the bankruptcy court ) and estimated allowed claims relating to ( i ) the rejection or modification of financings related to aircraft and ( ii ) entry of orders treated as unsecured claims with respect to facility agreements supporting certain issuances of special facility revenue bonds .the debtors recorded an estimated claim associated with the rejection or modification of a financing or facility agreement when the applicable motion was filed with the bankruptcy court to reject or modify such financing or facility agreement and the debtors believed that it was probable the motion would be approved , and there was sufficient information to estimate the claim .( 3 ) pursuant to the plan , the debtors agreed to allow certain post-petition unsecured claims on obligations .as a result , during the year ended december 31 , 2013 , american recorded reorganization charges to adjust estimated allowed claim amounts previously recorded on rejected special facility revenue bonds of $ 180 million , allowed general unsecured claims related to the 1990 and 1994 series of special facility revenue bonds that financed certain improvements at john f .kennedy international airport ( jfk ) , and rejected bonds that financed certain improvements at chicago o 2019hare international airport ( ord ) , which are included in the table above .( 4 ) the plan allowed unsecured creditors receiving aag series a preferred stock a conversion discount of 3.5% ( 3.5 % ) .accordingly , american recorded the fair value of such discount upon the confirmation of the plan by the bankruptcy court. .
|
what portion of the total net reorganization items are related to labor deemed claim?
|
65.6%
|
{
"answer": "65.6%",
"decimal": 0.6559999999999999,
"type": "percentage"
}
| |
the following table provides the minimum annual future rental commitment under operating leases that have initial or remaining non-cancelable lease terms over the next five years and thereafter: .
[['', 'amount'], ['2019', '$ 17'], ['2020', '15'], ['2021', '12'], ['2022', '11'], ['2023', '6'], ['thereafter', '80']]
the company has a series of agreements with various public entities ( the 201cpartners 201d ) to establish certain joint ventures , commonly referred to as 201cpublic-private partnerships . 201d under the public-private partnerships , the company constructed utility plant , financed by the company , and the partners constructed utility plant ( connected to the company 2019s property ) , financed by the partners .the company agreed to transfer and convey some of its real and personal property to the partners in exchange for an equal principal amount of industrial development bonds ( 201cidbs 201d ) , issued by the partners under a state industrial development bond and commercial development act .the company leased back the total facilities , including portions funded by both the company and the partners , under leases for a period of 40 years .the leases related to the portion of the facilities funded by the company have required payments from the company to the partners that approximate the payments required by the terms of the idbs from the partners to the company ( as the holder of the idbs ) .as the ownership of the portion of the facilities constructed by the company will revert back to the company at the end of the lease , the company has recorded these as capital leases .the lease obligation and the receivable for the principal amount of the idbs are presented by the company on a net basis .the carrying value of the facilities funded by the company recognized as a capital lease asset was $ 147 million and $ 150 million as of december 31 , 2018 and 2017 , respectively , which is presented in property , plant and equipment on the consolidated balance sheets .the future payments under the lease obligations are equal to and offset by the payments receivable under the idbs .as of december 31 , 2018 , the minimum annual future rental commitment under the operating leases for the portion of the facilities funded by the partners that have initial or remaining non-cancelable lease terms in excess of one year included in the preceding minimum annual rental commitments are $ 4 million in 2019 through 2023 , and $ 59 million thereafter .note 20 : segment information the company 2019s operating segments are comprised of the revenue-generating components of its businesses for which separate financial information is internally produced and regularly used by management to make operating decisions and assess performance .the company operates its businesses primarily through one reportable segment , the regulated businesses segment .the company also operates market-based businesses that provide a broad range of related and complementary water and wastewater services within non-reportable operating segments , collectively referred to as the market-based businesses .the regulated businesses segment is the largest component of the company 2019s business and includes 20 subsidiaries that provide water and wastewater services to customers in 16 states .the company 2019s primary market-based businesses include the homeowner services group , which provides warranty protection programs to residential and smaller commercial customers ; the military services group , which provides water and wastewater services to the u.s .government on military installations ; and keystone , which provides water transfer services for shale natural gas exploration and production companies. .
|
for 2021 and 2022 , what were total millions of minimum annual future rental commitment under operating leases that have initial or remaining non-cancelable lease terms?
|
23
|
{
"answer": "23",
"decimal": 23,
"type": "float"
}
| |
as of december 31 , 2014 and 2013 , our liabilities associated with unrecognized tax benefits are not material .we and our subsidiaries file income tax returns in the u.s .federal jurisdiction and various foreign jurisdictions .with few exceptions , the statute of limitations is no longer open for u.s .federal or non-u.s .income tax examinations for the years before 2011 , other than with respect to refunds .u.s .income taxes and foreign withholding taxes have not been provided on earnings of $ 291 million , $ 222 million and $ 211 million that have not been distributed by our non-u.s .companies as of december 31 , 2014 , 2013 and 2012 .our intention is to permanently reinvest these earnings , thereby indefinitely postponing their remittance to the u.s .if these earnings had been remitted , we estimate that the additional income taxes after foreign tax credits would have been approximately $ 55 million in 2014 , $ 50 million in 2013 and $ 45 million in 2012 .our federal and foreign income tax payments , net of refunds received , were $ 1.5 billion in 2014 , $ 787 million in 2013 and $ 890 million in 2012 .our 2014 and 2013 net payments reflect a $ 200 million and $ 550 million refund from the irs primarily attributable to our tax-deductible discretionary pension contributions during the fourth quarters of 2013 and 2012 , and our 2012 net payments reflect a $ 153 million refund from the irs related to a 2011 capital loss carryback .note 8 2013 debt our long-term debt consisted of the following ( in millions ) : .
[['', '2014', '2013'], ['notes with rates from 2.13% ( 2.13 % ) to 6.15% ( 6.15 % ) due 2016 to 2042', '$ 5642', '$ 5642'], ['notes with rates from 7.00% ( 7.00 % ) to 7.75% ( 7.75 % ) due 2016 to 2036', '916', '916'], ['other debt', '483', '476'], ['total long-term debt', '7041', '7034'], ['less : unamortized discounts', '-872 ( 872 )', '-882 ( 882 )'], ['total long-term debt net', '$ 6169', '$ 6152']]
in august 2014 , we entered into a new $ 1.5 billion revolving credit facility with a syndicate of banks and concurrently terminated our existing $ 1.5 billion revolving credit facility which was scheduled to expire in august 2016 .the new credit facility expires august 2019 and we may request and the banks may grant , at their discretion , an increase to the new credit facility of up to an additional $ 500 million .the credit facility also includes a sublimit of up to $ 300 million available for the issuance of letters of credit .there were no borrowings outstanding under the new facility through december 31 , 2014 .borrowings under the new credit facility would be unsecured and bear interest at rates based , at our option , on a eurodollar rate or a base rate , as defined in the new credit facility .each bank 2019s obligation to make loans under the credit facility is subject to , among other things , our compliance with various representations , warranties and covenants , including covenants limiting our ability and certain of our subsidiaries 2019 ability to encumber assets and a covenant not to exceed a maximum leverage ratio , as defined in the credit facility .the leverage ratio covenant excludes the adjustments recognized in stockholders 2019 equity related to postretirement benefit plans .as of december 31 , 2014 , we were in compliance with all covenants contained in the credit facility , as well as in our debt agreements .we have agreements in place with financial institutions to provide for the issuance of commercial paper .there were no commercial paper borrowings outstanding during 2014 or 2013 .if we were to issue commercial paper , the borrowings would be supported by the credit facility .in april 2013 , we repaid $ 150 million of long-term notes with a fixed interest rate of 7.38% ( 7.38 % ) due to their scheduled maturities .during the next five years , we have scheduled long-term debt maturities of $ 952 million due in 2016 and $ 900 million due in 2019 .interest payments were $ 326 million in 2014 , $ 340 million in 2013 and $ 378 million in 2012 .all of our existing unsecured and unsubordinated indebtedness rank equally in right of payment .note 9 2013 postretirement plans defined benefit pension plans and retiree medical and life insurance plans many of our employees are covered by qualified defined benefit pension plans and we provide certain health care and life insurance benefits to eligible retirees ( collectively , postretirement benefit plans ) .we also sponsor nonqualified defined benefit pension plans to provide for benefits in excess of qualified plan limits .non-union represented employees hired after december 2005 do not participate in our qualified defined benefit pension plans , but are eligible to participate in a qualified .
|
what was the change in millions of total long-term debt net between 2013 and 2014?
|
17
|
{
"answer": "17",
"decimal": 17,
"type": "float"
}
| |
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', '$ 1095.9'], ['march 2002 settlement agreement', '-154.0 ( 154.0 )'], ['volume/weather', '-7.7 ( 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. .
|
what is the growth rate in net revenue in 2003 for entergy arkansas , inc.?
|
-8.9%
|
{
"answer": "-8.9%",
"decimal": -0.08900000000000001,
"type": "percentage"
}
| |
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] .
[['period', 'total number ofsharespurchased [a]', 'averageprice paidper share', 'total number of sharespurchased as part ofapublicly announced planor program [b]', 'maximum number ofshares that may yetbe purchased under the planor program [b]'], ['oct . 1 through oct . 31', '1405535', '153.18', '1405535', '4020650'], ['nov . 1 through nov . 30', '1027840', '158.66', '1025000', '2995650'], ['dec . 1 through dec . 31', '2500944', '163.14', '2498520', '497130'], ['total', '4934319', '$ 159.37', '4929055', '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. .
|
what was the percent of the total number of share repurchase in the fourth quarter of 2013 that was attested to upc by employees to pay stock option exercise prices
|
0.11%
|
{
"answer": "0.11%",
"decimal": 0.0011,
"type": "percentage"
}
| |
note 18 2013 earnings per share ( eps ) basic eps is calculated by dividing net earnings attributable to allegion plc by the weighted-average number of ordinary shares outstanding for the applicable period .diluted eps is calculated after adjusting the denominator of the basic eps calculation for the effect of all potentially dilutive ordinary shares , which in the company 2019s case , includes shares issuable under share-based compensation plans .the following table summarizes the weighted-average number of ordinary shares outstanding for basic and diluted earnings per share calculations. .
[['in millions', '2017', '2016', '2015'], ['weighted-average number of basic shares', '95.1', '95.8', '95.9'], ['shares issuable under incentive stock plans', '0.9', '1.1', '1.0'], ['weighted-average number of diluted shares', '96.0', '96.9', '96.9']]
at december 31 , 2017 , 0.1 million stock options were excluded from the computation of weighted average diluted shares outstanding because the effect of including these shares would have been anti-dilutive .note 19 2013 commitments and contingencies the company is involved in various litigations , claims and administrative proceedings , including those related to environmental and product warranty matters .amounts recorded for identified contingent liabilities are estimates , which are reviewed periodically and adjusted to reflect additional information when it becomes available .subject to the uncertainties inherent in estimating future costs for contingent liabilities , except as expressly set forth in this note , management believes that any liability which may result from these legal matters would not have a material adverse effect on the financial condition , results of operations , liquidity or cash flows of the company .environmental matters the company is dedicated to an environmental program to reduce the utilization and generation of hazardous materials during the manufacturing process and to remediate identified environmental concerns .as to the latter , the company is currently engaged in site investigations and remediation activities to address environmental cleanup from past operations at current and former production facilities .the company regularly evaluates its remediation programs and considers alternative remediation methods that are in addition to , or in replacement of , those currently utilized by the company based upon enhanced technology and regulatory changes .changes to the company's remediation programs may result in increased expenses and increased environmental reserves .the company is sometimes a party to environmental lawsuits and claims and has received notices of potential violations of environmental laws and regulations from the u.s .environmental protection agency and similar state authorities .it has also been identified as a potentially responsible party ( "prp" ) for cleanup costs associated with off-site waste disposal at federal superfund and state remediation sites .for all such sites , there are other prps and , in most instances , the company 2019s involvement is minimal .in estimating its liability , the company has assumed it will not bear the entire cost of remediation of any site to the exclusion of other prps who may be jointly and severally liable .the ability of other prps to participate has been taken into account , based on our understanding of the parties 2019 financial condition and probable contributions on a per site basis .additional lawsuits and claims involving environmental matters are likely to arise from time to time in the future .the company incurred $ 3.2 million , $ 23.3 million , and $ 4.4 million of expenses during the years ended december 31 , 2017 , 2016 and 2015 , respectively , for environmental remediation at sites presently or formerly owned or leased by the company .in the fourth-quarter of 2016 , with the collaboration and approval of state regulators , the company launched a proactive , alternative approach to remediate two sites in the united states .this approach will allow the company to more aggressively address environmental conditions at these sites and reduce the impact of potential changes in regulatory requirements .as a result , the company recorded a $ 15 million charge for environmental remediation in the fourth quarter of 2016 .environmental remediation costs are recorded in costs of goods sold within the consolidated statements of comprehensive income .as of december 31 , 2017 and 2016 , the company has recorded reserves for environmental matters of $ 28.9 million and $ 30.6 million .the total reserve at december 31 , 2017 and 2016 included $ 8.9 million and $ 9.6 million related to remediation of sites previously disposed by the company .environmental reserves are classified as accrued expenses and other current liabilities or other noncurrent liabilities based on their expected term .the company's total current environmental reserve at december 31 , 2017 and 2016 was $ 12.6 million and $ 6.1 million and the remainder is classified as noncurrent .given the evolving nature of environmental laws , regulations and technology , the ultimate cost of future compliance is uncertain. .
|
considering the years 2015-2017 , what is the average expense for environmental remediation at sites , in millions of dollars?
|
10.3
|
{
"answer": "10.3",
"decimal": 10.3,
"type": "float"
}
|
it is the sum of all environmental remediation expenses during these years , divided by three ( number of years ) .
|
increase in dividends paid .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 u.s .( gaap ) by sec regulation g and item 10 of sec regulation s-k and may not be defined and calculated by other companies in the same manner .we believe free cash flow is important to management and investors in evaluating our financial performance and measures our ability to generate cash without additional external financings .free cash flow should be considered in addition to , rather than as a substitute for , cash provided by operating activities .the following table reconciles cash provided by operating activities ( gaap measure ) to free cash flow ( non-gaap measure ) : millions 2013 2012 2011 .
[['millions', '2013', '2012', '2011'], ['cash provided by operating activities', '$ 6823', '$ 6161', '$ 5873'], ['cash used in investing activities', '-3405 ( 3405 )', '-3633 ( 3633 )', '-3119 ( 3119 )'], ['dividends paid', '-1333 ( 1333 )', '-1146 ( 1146 )', '-837 ( 837 )'], ['free cash flow', '$ 2085', '$ 1382', '$ 1917']]
2014 outlook f0b7 safety 2013 operating a safe railroad benefits our employees , our customers , our shareholders , and the communities we serve .we will continue using a multi-faceted approach to safety , utilizing technology , risk assessment , quality control , training and employee engagement , and targeted capital investments .we will continue using and expanding the deployment of total safety culture and courage to care throughout our operations , which allows us to identify and implement best practices for employee and operational safety .derailment prevention and the reduction of grade crossing incidents are also critical aspects of our safety programs .we will continue our efforts to increase detection of rail defects ; improve or close crossings ; and educate the public and law enforcement agencies about crossing safety through a combination of our own programs ( including risk assessment strategies ) , various industry programs and local community activities across our network .f0b7 network operations 2013 we believe the railroad is capable of handling growing volumes while providing high levels of customer service .our track structure is in excellent condition , and certain sections of our network have surplus line and terminal capacity .we are in a solid resource position , with sufficient supplies of locomotives , freight cars and crews to support growth .f0b7 fuel prices 2013 uncertainty about the economy makes projections of fuel prices difficult .we again could see volatile fuel prices during the year , as they are sensitive to global and u.s .domestic demand , refining capacity , geopolitical events , weather conditions and other factors .to reduce the impact of fuel price on earnings , we will continue seeking cost recovery from our customers through our fuel surcharge programs and expanding our fuel conservation efforts .f0b7 capital plan 2013 in 2014 , we plan to make total capital investments of approximately $ 3.9 billion , including expenditures for positive train control ( ptc ) , which may be revised if business conditions warrant or if new laws or regulations affect our ability to generate sufficient returns on these investments .( see further discussion in this item 7 under liquidity and capital resources 2013 capital plan. ) f0b7 positive train control 2013 in response to a legislative mandate to implement ptc by the end of 2015 , we have invested $ 1.2 billion in capital expenditures and plan to spend an additional $ 450 million during 2014 on developing and deploying ptc .we currently estimate that ptc , in accordance with implementing rules issued by the federal rail administration ( fra ) , will cost us approximately $ 2 billion by the end of the project .this includes costs for installing the new system along our tracks , upgrading locomotives to work with the new system , and adding digital data communication equipment to integrate the various components of the system and achieve interoperability for the industry .although it is unlikely that the rail industry will meet the current mandatory 2015 deadline ( as the fra indicated in its 2012 report to congress ) , we are making a good faith effort to do so and we are working closely with regulators as we implement this new technology. .
|
what was the average cash provided by operating activities from 2011 to 2013
|
6285.7
|
{
"answer": "6285.7",
"decimal": 6285.7,
"type": "float"
}
| |
in september 2006 , the fasb issued sfas 158 , 201cemployers 2019 accounting for defined benefit pension and other postretirement plans , an amendment of fasb statements no .87 , 88 , 106 , and 132 ( r ) . 201d sfas 158 requires companies to recognize the over-funded and under-funded status of defined benefit pension and other postretire- ment plans as assets or liabilities on their balance sheets .in addition , changes in the funded status must be recognized through other comprehensive income in shareholders 2019 equity in the year in which the changes occur .we adopted sfas 158 on september 28 , 2007 .in accordance with the transition rules in sfas 158 , this standard is being adopted on a prospective basis .the adoption of sfas 158 resulted in an immaterial adjustment to our balance sheet , and had no impact on our net earnings or cash flows .comprehensive income ( loss ) the company accounts for comprehensive income ( loss ) in accordance with the provisions of sfas no .130 , 201creporting comprehensive income 201d ( 201csfas no .130 201d ) .sfas no .130 is a financial statement presentation standard that requires the company to disclose non-owner changes included in equity but not included in net income or loss .accumulated comprehensive loss presented in the financial statements consists of adjustments to the company 2019s minimum pension liability as follows ( in thousands ) : pension adjustments accumulated comprehensive .
[['', 'pension adjustments', 'accumulated other comprehensive loss'], ['balance as of september 30 2005', '-1137 ( 1137 )', '-1137 ( 1137 )'], ['change in period', '538', '538'], ['balance as of september 29 2006', '$ -599 ( 599 )', '$ -599 ( 599 )'], ['pension adjustment', '159', '159'], ['adjustment to initially apply sfas 158', '226', '226'], ['balance as of september 28 2007', '$ -214 ( 214 )', '$ -214 ( 214 )']]
recently issued accounting pronouncements fin 48 in july 2006 , the fasb issued fasb interpretation no .48 , 201caccounting for uncertainty in income taxes 2014 an interpretation of fasb statement no .109 201d ( fin 48 ) , which clarifies the accounting and disclosure for uncertainty in tax positions , as defined .fin 48 seeks to reduce the diversity in practice associated with certain aspects of the recognition and measurement related to accounting for income taxes .this interpretation is effective for fiscal years beginning after december 15 , 2006 , and is therefore effective for the company in fiscal year 2008 .we are currently evaluating the impact that adopting fin 48 will have on the company 2019s financial position and results of operations , however at this time the company does not expect the impact to materially affect its results from operations or financial position .sfas 157 in september 2006 , the fasb issued sfas no .157 , 201cfair value measurements 201d ( 201csfas 157 201d ) which defines fair value , establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements .sfas 157 is effective for financial statements issued for fiscal years beginning after november 15 , 2007 and interim periods within those fiscal years .the company has not yet determined the impact that sfas 157 will have on its results from operations or financial position .sab 108 in september 2006 , the securities and exchange commission issued staff accounting bulletin no .108 , 201cconsidering the effects of prior year misstatements when quantifying misstatements in current year financial statements 201d ( 201csab 108 201d ) , which provides interpretive guidance on how the effects of the carryover or reversal of skyworks solutions , inc .2007 annual report ..................................notes to consolidated financial statements 2014 ( continued ) .
|
what is the net change in pension liability balance from september 2005 to september 2007?
|
923
|
{
"answer": "923",
"decimal": 923,
"type": "float"
}
| |
item 7 .management 2019s discussion and analysis of financial condition and results of operations we are an international energy company with operations in the u.s. , canada , africa , the middle east and europe .our operations are organized into three reportable segments : 2022 e&p which explores for , produces and markets liquid hydrocarbons and natural gas on a worldwide basis .2022 osm which mines , extracts and transports bitumen from oil sands deposits in alberta , canada , and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil .2022 ig which produces and markets products manufactured from natural gas , such as lng and methanol , in eg .certain sections of management 2019s discussion and analysis of financial condition and results of operations include forward-looking statements concerning trends or events potentially affecting our business .these statements typically contain words such as 201canticipates , 201d 201cbelieves , 201d 201cestimates , 201d 201cexpects , 201d 201ctargets , 201d 201cplans , 201d 201cprojects , 201d 201ccould , 201d 201cmay , 201d 201cshould , 201d 201cwould 201d or similar words indicating that future outcomes are uncertain .in accordance with 201csafe harbor 201d provisions of the private securities litigation reform act of 1995 , these statements are accompanied by cautionary language identifying important factors , though not necessarily all such factors , which could cause future outcomes to differ materially from those set forth in forward-looking statements .for additional risk factors affecting our business , see item 1a .risk factors in this annual report on form 10-k .management 2019s discussion and analysis of financial condition and results of operations should be read in conjunction with the information under item 1 .business , item 1a .risk factors and item 8 .financial statements and supplementary data found in this annual report on form 10-k .spin-off downstream business on june 30 , 2011 , the spin-off of marathon 2019s downstream business was completed , creating two independent energy companies : marathon oil and mpc .marathon shareholders at the close of business on the record date of june 27 , 2011 received one share of mpc common stock for every two shares of marathon common stock held .fractional shares of mpc common stock were not distributed and any fractional share of mpc common stock otherwise issuable to a marathon shareholder was sold in the open market on such shareholder 2019s behalf , and such shareholder received a cash payment with respect to that fractional share .a private letter tax ruling received in june 2011 from the irs affirmed the tax-free nature of the spin-off .activities related to the downstream business have been treated as discontinued operations in all periods presented in this annual report on form 10-k ( see item 8 .financial statements and supplementary data 2014note 3 to the consolidated financial statements for additional information ) .overview 2013 market conditions exploration and production prevailing prices for the various grades of crude oil and natural gas that we produce significantly impact our revenues and cash flows .prices of crude oil have been volatile in recent years .in 2011 , crude prices increased over 2010 levels , with increases in brent averages outstripping those in wti .during much of 2010 , both wti and brent crude oil monthly average prices remained in the $ 75 to $ 85 per barrel range .crude oil prices reached a low of $ 33.98 in february 2009 , following global demand declines in an economic recession , but recovered quickly ending 2009 at $ 79.36 .the following table lists benchmark crude oil and natural gas price annual averages for the past three years. .
[['benchmark', '2011', '2010', '2009'], ['wti crude oil ( dollars per bbl )', '$ 95.11', '$ 79.61', '$ 62.09'], ['brent ( europe ) crude oil ( dollars per bbl )', '111.26', '79.51', '61.49'], ['henry hub natural gas ( dollars per mmbtu ) ( a )', '$ 4.04', '$ 4.39', '$ 3.99']]
wti crude oil ( dollars per bbl ) $ 95.11 $ 79.61 $ 62.09 brent ( europe ) crude oil ( dollars per bbl ) 111.26 79.51 61.49 henry hub natural gas ( dollars per mmbtu ) ( a ) $ 4.04 $ 4.39 $ 3.99 ( a ) settlement date average .our u.s .crude oil production was approximately 58 percent sour in 2011 and 68 percent in 2010 .sour crude contains more sulfur than light sweet wti does .sour crude oil also tends to be heavier than light sweet crude oil and sells at a discount to light sweet crude oil because of higher refining costs and lower refined product values .our international crude oil production is relatively sweet and is generally sold in relation to the brent crude benchmark .the differential between wti and brent average prices widened significantly in 2011 to $ 16.15 in comparison to differentials of less than $ 1.00 in 2010 and 2009. .
|
by how much did the wti crude oil benchmark increase from 2009 to 2011?
|
53.2%
|
{
"answer": "53.2%",
"decimal": 0.532,
"type": "percentage"
}
| |
2022 timing of available information , including the performance of first lien positions , and 2022 limitations of available historical data .pnc 2019s determination of the alll for non-impaired loans is sensitive to the risk grades assigned to commercial loans and loss rates for consumer loans .there are several other qualitative and quantitative factors considered in determining the alll .this sensitivity analysis does not necessarily reflect the nature and extent of future changes in the alll .it is intended to provide insight into the impact of adverse changes to risk grades and loss rates only and does not imply any expectation of future deterioration in the risk ratings or loss rates .given the current processes used , we believe the risk grades and loss rates currently assigned are appropriate .in the hypothetical event that the aggregate weighted average commercial loan risk grades would experience a 1% ( 1 % ) deterioration , assuming all other variables remain constant , the allowance for commercial loans would increase by approximately $ 35 million as of december 31 , 2014 .in the hypothetical event that consumer loss rates would increase by 10% ( 10 % ) , assuming all other variables remain constant , the allowance for consumer loans would increase by approximately $ 37 million at december 31 , 2014 .purchased impaired loans are initially recorded at fair value and applicable accounting guidance prohibits the carry over or creation of valuation allowances at acquisition .because the initial fair values of these loans already reflect a credit component , additional reserves are established when performance is expected to be worse than our expectations as of the acquisition date .at december 31 , 2014 , we had established reserves of $ .9 billion for purchased impaired loans .in addition , loans ( purchased impaired and non- impaired ) acquired after january 1 , 2009 were recorded at fair value .no allowance for loan losses was carried over and no allowance was created at the date of acquisition .see note 4 purchased loans in the notes to consolidated financial statements in item 8 of this report for additional information .in determining the appropriateness of the alll , we make specific allocations to impaired loans and allocations to portfolios of commercial and consumer loans .we also allocate reserves to provide coverage for probable losses incurred in the portfolio at the balance sheet date based upon current market conditions , which may not be reflected in historical loss data .commercial lending is the largest category of credits and is sensitive to changes in assumptions and judgments underlying the determination of the alll .we have allocated approximately $ 1.6 billion , or 47% ( 47 % ) , of the alll at december 31 , 2014 to the commercial lending category .consumer lending allocations are made based on historical loss experience adjusted for recent activity .approximately $ 1.7 billion , or 53% ( 53 % ) , of the alll at december 31 , 2014 has been allocated to these consumer lending categories .in addition to the alll , we maintain an allowance for unfunded loan commitments and letters of credit .we report this allowance as a liability on our consolidated balance sheet .we maintain the allowance for unfunded loan commitments and letters of credit at a level we believe is appropriate to absorb estimated probable losses on these unfunded credit facilities .we determine this amount using estimates of the probability of the ultimate funding and losses related to those credit exposures .other than the estimation of the probability of funding , this methodology is very similar to the one we use for determining our alll .we refer you to note 1 accounting policies and note 3 asset quality in the notes to consolidated financial statements in item 8 of this report for further information on certain key asset quality indicators that we use to evaluate our portfolios and establish the allowances .table 41 : allowance for loan and lease losses .
[['dollars in millions', '2014', '2013'], ['january 1', '$ 3609', '$ 4036'], ['total net charge-offs ( a )', '-531 ( 531 )', '-1077 ( 1077 )'], ['provision for credit losses', '273', '643'], ['net change in allowance for unfunded loan commitments and letters of credit', '-17 ( 17 )', '8'], ['other', '-3 ( 3 )', '-1 ( 1 )'], ['december 31', '$ 3331', '$ 3609'], ['net charge-offs to average loans ( for the year ended ) ( a )', '.27% ( .27 % )', '.57% ( .57 % )'], ['allowance for loan and lease losses to total loans', '1.63', '1.84'], ['commercial lending net charge-offs', '$ -55 ( 55 )', '$ -249 ( 249 )'], ['consumer lending net charge-offs ( a )', '-476 ( 476 )', '-828 ( 828 )'], ['total net charge-offs', '$ -531 ( 531 )', '$ -1077 ( 1077 )'], ['net charge-offs to average loans ( for the year ended )', '', ''], ['commercial lending', '.04% ( .04 % )', '.22% ( .22 % )'], ['consumer lending ( a )', '0.62', '1.07']]
( a ) includes charge-offs of $ 134 million taken pursuant to alignment with interagency guidance on practices for loans and lines of credit related to consumer lending in the first quarter of 2013 .the provision for credit losses totaled $ 273 million for 2014 compared to $ 643 million for 2013 .the primary drivers of the decrease to the provision were improved overall credit quality , including lower consumer loan delinquencies , and the increasing value of residential real estate which resulted in greater expected cash flows from our purchased impaired loans .for 2014 , the provision for commercial lending credit losses increased by $ 64 million , or 178% ( 178 % ) , from 2013 primarily due to continued growth in the commercial book , paired with slowing of the reserve releases related to credit quality improvement .the provision for consumer lending credit losses decreased $ 434 million , or 71% ( 71 % ) , from 2013 .the pnc financial services group , inc .2013 form 10-k 81 .
|
what was the ratio of the provision for credit losses in 2014 compared 2013 .
|
.43
|
{
"answer": ".43",
"decimal": 0.43,
"type": "float"
}
| |
operating expenses millions 2010 2009 2008 % ( % ) change 2010 v 2009 % ( % ) change 2009 v 2008 .
[['millions', '2010', '2009', '2008', '% ( % ) change 2010 v 2009', '% ( % ) change2009 v 2008'], ['compensation and benefits', '$ 4314', '$ 4063', '$ 4457', '6% ( 6 % )', '( 9 ) % ( % )'], ['fuel', '2486', '1763', '3983', '41', '-56 ( 56 )'], ['purchased services and materials', '1836', '1644', '1928', '12', '-15 ( 15 )'], ['depreciation', '1487', '1427', '1366', '4', '4'], ['equipment and other rents', '1142', '1180', '1326', '-3 ( 3 )', '-11 ( 11 )'], ['other', '719', '687', '840', '5', '-18 ( 18 )'], ['total', '$ 11984', '$ 10764', '$ 13900', '11% ( 11 % )', '( 23 ) % ( % )']]
operating expenses increased $ 1.2 billion in 2010 versus 2009 .our fuel price per gallon increased 31% ( 31 % ) during the year , accounting for $ 566 million of the increase .wage and benefit inflation , depreciation , volume-related costs , and property taxes also contributed to higher expenses during 2010 compared to 2009 .cost savings from productivity improvements and better resource utilization partially offset these increases .operating expenses decreased $ 3.1 billion in 2009 versus 2008 .our fuel price per gallon declined 44% ( 44 % ) during 2009 , decreasing operating expenses by $ 1.3 billion compared to 2008 .cost savings from lower volume , productivity improvements , and better resource utilization also decreased operating expenses in 2009 .in addition , lower casualty expense resulting primarily from improving trends in safety performance decreased operating expenses in 2009 .conversely , wage and benefit inflation partially offset these reductions .compensation and benefits 2013 compensation and benefits include wages , payroll taxes , health and welfare costs , pension costs , other postretirement benefits , and incentive costs .general wage and benefit inflation increased costs by approximately $ 190 million in 2010 compared to 2009 .volume- related expenses and higher equity and incentive compensation also drove costs up during the year .workforce levels declined 1% ( 1 % ) in 2010 compared to 2009 as network efficiencies and ongoing productivity initiatives enabled us to effectively handle the 13% ( 13 % ) increase in volume levels with fewer employees .lower volume and productivity initiatives led to a 10% ( 10 % ) decline in our workforce in 2009 compared to 2008 , saving $ 516 million during the year .conversely , general wage and benefit inflation increased expenses , partially offsetting these savings .fuel 2013 fuel includes locomotive fuel and gasoline for highway and non-highway vehicles and heavy equipment .higher diesel fuel prices , which averaged $ 2.29 per gallon ( including taxes and transportation costs ) in 2010 compared to $ 1.75 per gallon in 2009 , increased expenses by $ 566 million .volume , as measured by gross ton-miles , increased 10% ( 10 % ) in 2010 versus 2009 , driving fuel expense up by $ 166 million .conversely , the use of newer , more fuel efficient locomotives , our fuel conservation programs and efficient network operations drove a 3% ( 3 % ) improvement in our fuel consumption rate in 2010 , resulting in $ 40 million of cost savings versus 2009 at the 2009 average fuel price .lower diesel fuel prices , which averaged $ 1.75 per gallon ( including taxes and transportation costs ) in 2009 compared to $ 3.15 per gallon in 2008 , reduced expenses by $ 1.3 billion in 2009 .volume , as measured by gross ton-miles , decreased 17% ( 17 % ) in 2009 , lowering expenses by $ 664 million compared to 2008 .our fuel consumption rate improved 4% ( 4 % ) in 2009 , resulting in $ 147 million of cost savings versus 2008 at the 2008 average fuel price .the consumption rate savings versus 2008 using the lower 2009 fuel price was $ 68 million .newer , more fuel efficient locomotives , reflecting locomotive acquisitions in recent years and the impact of a smaller fleet due to storage of some of our older locomotives ; increased use of 2010 operating expenses .
|
in 2008 what was the percent of the total operating expenses that was for the compensation and benefits
|
32.1%
|
{
"answer": "32.1%",
"decimal": 0.321,
"type": "percentage"
}
| |
blackrock information related to our equity investment in blackrock follows: .
[['', '2009', '2008'], ['business segment earnings ( in millions ) ( a )', '$ 207', '$ 207'], ['pnc 2019s share of blackrock earnings ( b )', '23% ( 23 % )', '33% ( 33 % )'], ['carrying value of pnc 2019s investment in blackrock ( in billions ) ( b )', '$ 5.8', '$ 4.2']]
carrying value of pnc 2019s investment in blackrock ( in billions ) ( b ) $ 5.8 $ 4.2 ( a ) includes pnc 2019s share of blackrock 2019s reported gaap earnings and additional income taxes on those earnings incurred by pnc .( b ) at december 31 .blackrock/barclays global investors transaction on december 1 , 2009 , blackrock acquired bgi from barclays bank plc in exchange for approximately $ 6.65 billion in cash and 37566771 shares of blackrock common and participating preferred stock .in connection with the bgi transaction , blackrock entered into amendments to stockholder agreements with pnc and its other major shareholder .these amendments , which changed certain shareholder rights , including composition of the blackrock board of directors and share transfer restrictions , became effective upon closing of the bgi transaction .also in connection with the bgi transaction , blackrock entered into a stock purchase agreement with pnc in which we purchased 3556188 shares of blackrock 2019s series d preferred stock at a price of $ 140.60 per share , or $ 500 million , to partially finance the transaction .on january 31 , 2010 , the series d preferred stock was converted to series b preferred stock .upon closing of the bgi transaction , the carrying value of our investment in blackrock increased significantly , reflecting our portion of the increase in blackrock 2019s equity resulting from the value of blackrock shares issued in connection with their acquisition of bgi .pnc recognized this increase in value as a $ 1.076 billion pretax gain in the fourth quarter of 2009 .at december 31 , 2009 , our percentage ownership of blackrock common stock was approximately 35% ( 35 % ) .blackrock ltip programs and exchange agreements pnc 2019s noninterest income included pretax gains of $ 98 million in 2009 and $ 243 million in 2008 related to our blackrock ltip shares obligation .these gains represented the mark-to-market adjustment related to our remaining blackrock ltip common shares obligation and resulted from the decrease in the market value of blackrock common shares in those periods .as previously reported , pnc entered into an exchange agreement with blackrock on december 26 , 2008 .the transactions that resulted from this agreement restructured pnc 2019s ownership of blackrock equity without altering , to any meaningful extent , pnc 2019s economic interest in blackrock .pnc continues to be subject to the limitations on its voting rights in its existing agreements with blackrock .also on december 26 , 2008 , blackrock entered into an exchange agreement with merrill lynch in anticipation of the consummation of the merger of bank of america corporation and merrill lynch that occurred on january 1 , 2009 .the pnc and merrill lynch exchange agreements restructured pnc 2019s and merrill lynch 2019s respective ownership of blackrock common and preferred equity .the exchange contemplated by these agreements was completed on february 27 , 2009 .on that date , pnc 2019s obligation to deliver blackrock common shares was replaced with an obligation to deliver shares of blackrock 2019s new series c preferred stock .pnc acquired 2.9 million shares of series c preferred stock from blackrock in exchange for common shares on that same date .pnc accounts for these preferred shares at fair value , which offsets the impact of marking-to-market the obligation to deliver these shares to blackrock as we aligned the fair value marks on this asset and liability .the fair value of the blackrock series c preferred stock is included on our consolidated balance sheet in other assets .additional information regarding the valuation of the blackrock series c preferred stock is included in note 8 fair value in the notes to consolidated financial statements included in item 8 of this report .pnc accounts for its remaining investment in blackrock under the equity method of accounting , with its share of blackrock 2019s earnings reduced primarily due to the exchange of blackrock common stock for blackrock series c preferred stock .the series c preferred stock is not taken into consideration in determining pnc 2019s share of blackrock earnings under the equity method .pnc 2019s percentage ownership of blackrock common stock increased as a result of the substantial exchange of merrill lynch 2019s blackrock common stock for blackrock preferred stock .as a result of the blackrock preferred stock held by merrill lynch and the new blackrock preferred stock issued to merrill lynch and pnc under the exchange agreements , pnc 2019s share of blackrock common stock is higher than its overall share of blackrock 2019s equity and earnings .the transactions related to the exchange agreements do not affect our right to receive dividends declared by blackrock. .
|
what was pnc's total carrying value from 2008-09 from its investment in blackrock , in billions?
|
10
|
{
"answer": "10",
"decimal": 10,
"type": "float"
}
| |
notes to consolidated financial statements at december 31 , 2007 , future minimum rental payments required under operating leases for continuing operations that have initial or remaining noncancelable lease terms in excess of one year , net of sublease rental income , most of which pertain to real estate leases , are as follows : ( millions ) .
[['2008', '$ 317'], ['2009', '275'], ['2010', '236'], ['2011', '214'], ['2012', '191'], ['later years', '597'], ['total minimum payments required', '$ 1830']]
aon corporation .
|
what portion of the total minimum payments required for lease commitments is due in the upcoming year?
|
17.3%
|
{
"answer": "17.3%",
"decimal": 0.17300000000000001,
"type": "percentage"
}
| |
our international crude oil production is relatively sweet and is generally sold in relation to the brent crude benchmark .the differential between wti and brent average prices widened significantly in 2011 and remained in 2012 in comparison to almost no differential in 2010 .natural gas 2013 a significant portion of our natural gas production in the lower 48 states of the u.s .is sold at bid-week prices or first-of-month indices relative to our specific producing areas .average henry hub settlement prices for natural gas were lower in 2012 than in recent years .a decline in average settlement date henry hub natural gas prices began in september 2011 and continued into 2012 .although prices stabilized in late 2012 , they have not increased appreciably .our other major natural gas-producing regions are e.g .and europe .in the case of e.g .our natural gas sales are subject to term contracts , making realizations less volatile .because natural gas sales from e.g .are at fixed prices , our worldwide reported average natural gas realizations may not fully track market price movements .natural gas prices in europe have been significantly higher than in the u.s .oil sands mining the osm segment produces and sells various qualities of synthetic crude oil .output mix can be impacted by operational problems or planned unit outages at the mines or upgrader .sales prices for roughly two-thirds of the normal output mix will track movements in wti and one-third will track movements in the canadian heavy sour crude oil marker , primarily wcs .in 2012 , the wcs discount from wti had increased , putting downward pressure on our average realizations .the operating cost structure of the osm operations is predominantly fixed and therefore many of the costs incurred in times of full operation continue during production downtime .per-unit costs are sensitive to production rates .key variable costs are natural gas and diesel fuel , which track commodity markets such as the canadian alberta energy company ( "aeco" ) natural gas sales index and crude oil prices , respectively .the table below shows average benchmark prices that impact both our revenues and variable costs. .
[['benchmark', '2012', '2011', '2010'], ['wti crude oil ( dollars per bbl )', '$ 94.15', '$ 95.11', '$ 79.61'], ['wcs ( dollars per bbl ) ( a )', '$ 73.18', '$ 77.97', '$ 65.31'], ['aeco natural gas sales index ( dollars per mmbtu ) ( b )', '$ 2.39', '$ 3.68', '$ 3.89']]
wcs ( dollars per bbl ) ( a ) $ 73.18 $ 77.97 $ 65.31 aeco natural gas sales index ( dollars per mmbtu ) ( b ) $ 2.39 $ 3.68 $ 3.89 ( a ) monthly pricing based upon average wti adjusted for differentials unique to western canada .( b ) monthly average day ahead index .integrated gas our ig operations include production and marketing of products manufactured from natural gas , such as lng and methanol , in e.g .world lng trade in 2012 has been estimated to be 240 mmt .long-term , lng continues to be in demand as markets seek the benefits of clean burning natural gas .market prices for lng are not reported or posted .in general , lng delivered to the u.s .is tied to henry hub prices and will track with changes in u.s .natural gas prices , while lng sold in europe and asia is indexed to crude oil prices and will track the movement of those prices .we have a 60 percent ownership in an lng production facility in e.g. , which sells lng under a long-term contract at prices tied to henry hub natural gas prices .gross sales from the plant were 3.8 mmt , 4.1 mmt and 3.7 mmt in 2012 , 2011 and 2010 .we own a 45 percent interest in a methanol plant located in e.g .through our investment in ampco .gross sales of methanol from the plant totaled 1.1 mmt , 1.0 mmt and 0.9 mmt in 2012 , 2011 and 2010 .methanol demand has a direct impact on ampco 2019s earnings .because global demand for methanol is rather limited , changes in the supply-demand balance can have a significant impact on sales prices .world demand for methanol in 2012 has been estimated to be 49 mmt .our plant capacity of 1.1 mmt is about 2 percent of world demand. .
|
by what percentage did the average price per barrel of wcs increase from 2010 to 2012?
|
12.1%
|
{
"answer": "12.1%",
"decimal": 0.121,
"type": "percentage"
}
| |
management 2019s discussion and analysis net interest income 2012 versus 2011 .net interest income on the consolidated statements of earnings was $ 3.88 billion for 2012 , 25% ( 25 % ) lower than 2011 .the decrease compared with 2011 was primarily due to lower average yields on financial instruments owned , at fair value , and collateralized agreements .2011 versus 2010 .net interest income on the consolidated statements of earnings was $ 5.19 billion for 2011 , 6% ( 6 % ) lower than 2010 .the decrease compared with 2010 was primarily due to higher interest expense related to our long-term borrowings and higher dividend expense related to financial instruments sold , but not yet purchased , partially offset by an increase in interest income from higher yielding collateralized agreements .operating expenses our operating expenses are primarily influenced by compensation , headcount and levels of business activity .compensation and benefits includes salaries , discretionary compensation , amortization of equity awards and other items such as benefits .discretionary compensation is significantly impacted by , among other factors , the level of net revenues , overall financial performance , prevailing labor markets , business mix , the structure of our share-based compensation programs and the external environment .in the context of more difficult economic and financial conditions , the firm launched an initiative during the second quarter of 2011 to identify areas where we can operate more efficiently and reduce our operating expenses .during 2012 and 2011 , we announced targeted annual run rate compensation and non-compensation reductions of approximately $ 1.9 billion in aggregate .the table below presents our operating expenses and total staff. .
[['$ in millions', 'year ended december 2012', 'year ended december 2011', 'year ended december 2010'], ['compensation and benefits', '$ 12944', '$ 12223', '$ 15376'], ['u.k . bank payrolltax', '2014', '2014', '465'], ['brokerage clearing exchange anddistribution fees', '2208', '2463', '2281'], ['market development', '509', '640', '530'], ['communications and technology', '782', '828', '758'], ['depreciation and amortization', '1738', '1865', '1889'], ['occupancy', '875', '1030', '1086'], ['professional fees', '867', '992', '927'], ['insurance reserves1', '598', '529', '398'], ['other expenses', '2435', '2072', '2559'], ['total non-compensation expenses', '10012', '10419', '10428'], ['total operating expenses', '$ 22956', '$ 22642', '$ 26269'], ['total staff atperiod-end2', '32400', '33300', '35700']]
total staff at period-end 2 32400 33300 35700 1 .related revenues are included in 201cmarket making 201d on the consolidated statements of earnings .2 .includes employees , consultants and temporary staff .48 goldman sachs 2012 annual report .
|
what is the percentage change in the number of staff in 2012?
|
-2.7%
|
{
"answer": "-2.7%",
"decimal": -0.027000000000000003,
"type": "percentage"
}
| |
volatility of capital markets or macroeconomic factors could adversely affect our business .changes in financial and capital markets , including market disruptions , limited liquidity , uncertainty regarding brexit , and interest rate volatility , including as a result of the use or discontinued use of certain benchmark rates such as libor , may increase the cost of financing as well as the risks of refinancing maturing debt .in addition , our borrowing costs can be affected by short and long-term ratings assigned by rating organizations .a decrease in these ratings could limit our access to capital markets and increase our borrowing costs , which could materially and adversely affect our financial condition and operating results .some of our customers and counterparties are highly leveraged .consolidations in some of the industries in which our customers operate have created larger customers , some of which are highly leveraged and facing increased competition and continued credit market volatility .these factors have caused some customers to be less profitable , increasing our exposure to credit risk .a significant adverse change in the financial and/or credit position of a customer or counterparty could require us to assume greater credit risk relating to that customer or counterparty and could limit our ability to collect receivables .this could have an adverse impact on our financial condition and liquidity .item 1b .unresolved staff comments .item 2 .properties .our corporate co-headquarters are located in pittsburgh , pennsylvania and chicago , illinois .our co-headquarters are leased and house certain executive offices , our u.s .business units , and our administrative , finance , legal , and human resource functions .we maintain additional owned and leased offices throughout the regions in which we operate .we manufacture our products in our network of manufacturing and processing facilities located throughout the world .as of december 29 , 2018 , we operated 84 manufacturing and processing facilities .we own 81 and lease three of these facilities .our manufacturing and processing facilities count by segment as of december 29 , 2018 was: .
[['', 'owned', 'leased'], ['united states', '40', '1'], ['canada', '2', '2014'], ['emea', '12', '2014'], ['rest of world', '27', '2']]
we maintain all of our manufacturing and processing facilities in good condition and believe they are suitable and are adequate for our present needs .we also enter into co-manufacturing arrangements with third parties if we determine it is advantageous to outsource the production of any of our products .in the fourth quarter of 2018 , we announced our plans to divest certain assets and operations , predominantly in canada and india , including one owned manufacturing facility in canada and one owned and one leased facility in india .see note 5 , acquisitions and divestitures , in item 8 , financial statements and supplementary data , for additional information on these transactions .item 3 .legal proceedings .see note 18 , commitments and contingencies , in item 8 , financial statements and supplementary data .item 4 .mine safety disclosures .not applicable .part ii item 5 .market for registrant's common equity , related stockholder matters and issuer purchases of equity securities .our common stock is listed on nasdaq under the ticker symbol 201ckhc 201d .at june 5 , 2019 , there were approximately 49000 holders of record of our common stock .see equity and dividends in item 7 , management 2019s discussion and analysis of financial condition and results of operations , for a discussion of cash dividends declared on our common stock. .
|
what is the portion of total number of facilities located in the united states?
|
48.8%
|
{
"answer": "48.8%",
"decimal": 0.488,
"type": "percentage"
}
| |
table of contents respect to the mainline american and the mainline us airways dispatchers , flight simulator engineers and flight crew training instructors , all of whom are now represented by the twu , a rival organization , the national association of airline professionals ( naap ) , filed single carrier applications seeking to represent those employees .the nmb will have to determine that a single transportation system exists and will certify a post-merger representative of the combined employee groups before the process for negotiating new jcbas can begin .the merger had no impact on the cbas that cover the employees of our wholly-owned subsidiary airlines which are not being merged ( envoy , piedmont and psa ) .for those employees , the rla provides that cbas do not expire , but instead become amendable as of a stated date .in 2014 , envoy pilots ratified a new 10 year collective bargaining agreement , piedmont pilots ratified a new 10 year collective bargaining agreement and piedmont flight attendants ratified a new five-year collective bargaining agreement .with the exception of the passenger service employees who are now engaged in traditional rla negotiations that are expected to result in a jcba and the us airways flight simulator engineers and flight crew training instructors , other union-represented american mainline employees are covered by agreements that are not currently amendable .until those agreements become amendable , negotiations for jcbas will be conducted outside the traditional rla bargaining process described above , and , in the meantime , no self-help will be permissible .the piedmont mechanics and stock clerks and the psa and piedmont dispatchers also have agreements that are now amendable and are engaged in traditional rla negotiations .none of the unions representing our employees presently may lawfully engage in concerted refusals to work , such as strikes , slow-downs , sick-outs or other similar activity , against us .nonetheless , there is a risk that disgruntled employees , either with or without union involvement , could engage in one or more concerted refusals to work that could individually or collectively harm the operation of our airline and impair our financial performance .for more discussion , see part i , item 1a .risk factors 2013 201cunion disputes , employee strikes and other labor-related disruptions may adversely affect our operations . 201d aircraft fuel our operations and financial results are significantly affected by the availability and price of jet fuel .based on our 2015 forecasted mainline and regional fuel consumption , we estimate that , as of december 31 , 2014 , a one cent per gallon increase in aviation fuel price would increase our 2015 annual fuel expense by $ 43 million .the following table shows annual aircraft fuel consumption and costs , including taxes , for our mainline operations for 2012 through 2014 ( gallons and aircraft fuel expense in millions ) .year gallons average price per gallon aircraft fuel expense percent of total mainline operating expenses .
[['year', 'gallons', 'average price per gallon', 'aircraft fuel expense', 'percent of total mainline operating expenses'], ['2014', '3644', '$ 2.91', '$ 10592', '33.2% ( 33.2 % )'], ['2013 ( a )', '3608', '3.08', '11109', '35.4'], ['2012 ( a )', '3512', '3.19', '11194', '35.8']]
( a ) represents 201ccombined 201d financial data , which includes the financial results of american and us airways group each on a standalone basis .total combined fuel expenses for our wholly-owned and third-party regional carriers operating under capacity purchase agreements of american and us airways group , each on a standalone basis , were $ 2.0 billion , $ 2.1 billion and $ 2.1 billion for the years ended december 31 , 2014 , 2013 and 2012 , respectively. .
|
in 2014 what was the total mainline operating expenses in millions
|
31903.6
|
{
"answer": "31903.6",
"decimal": 31903.6,
"type": "float"
}
|
the total operating expenses is derived as a result of dividing the fuel expenses by their percent of operating costs
|
management 2019s discussion and analysis net interest income 2012 versus 2011 .net interest income on the consolidated statements of earnings was $ 3.88 billion for 2012 , 25% ( 25 % ) lower than 2011 .the decrease compared with 2011 was primarily due to lower average yields on financial instruments owned , at fair value , and collateralized agreements .2011 versus 2010 .net interest income on the consolidated statements of earnings was $ 5.19 billion for 2011 , 6% ( 6 % ) lower than 2010 .the decrease compared with 2010 was primarily due to higher interest expense related to our long-term borrowings and higher dividend expense related to financial instruments sold , but not yet purchased , partially offset by an increase in interest income from higher yielding collateralized agreements .operating expenses our operating expenses are primarily influenced by compensation , headcount and levels of business activity .compensation and benefits includes salaries , discretionary compensation , amortization of equity awards and other items such as benefits .discretionary compensation is significantly impacted by , among other factors , the level of net revenues , overall financial performance , prevailing labor markets , business mix , the structure of our share-based compensation programs and the external environment .in the context of more difficult economic and financial conditions , the firm launched an initiative during the second quarter of 2011 to identify areas where we can operate more efficiently and reduce our operating expenses .during 2012 and 2011 , we announced targeted annual run rate compensation and non-compensation reductions of approximately $ 1.9 billion in aggregate .the table below presents our operating expenses and total staff. .
[['$ in millions', 'year ended december 2012', 'year ended december 2011', 'year ended december 2010'], ['compensation and benefits', '$ 12944', '$ 12223', '$ 15376'], ['u.k . bank payrolltax', '2014', '2014', '465'], ['brokerage clearing exchange anddistribution fees', '2208', '2463', '2281'], ['market development', '509', '640', '530'], ['communications and technology', '782', '828', '758'], ['depreciation and amortization', '1738', '1865', '1889'], ['occupancy', '875', '1030', '1086'], ['professional fees', '867', '992', '927'], ['insurance reserves1', '598', '529', '398'], ['other expenses', '2435', '2072', '2559'], ['total non-compensation expenses', '10012', '10419', '10428'], ['total operating expenses', '$ 22956', '$ 22642', '$ 26269'], ['total staff atperiod-end2', '32400', '33300', '35700']]
total staff at period-end 2 32400 33300 35700 1 .related revenues are included in 201cmarket making 201d on the consolidated statements of earnings .2 .includes employees , consultants and temporary staff .48 goldman sachs 2012 annual report .
|
what is the percentage change in total operating expenses in 2012?
|
1.4%
|
{
"answer": "1.4%",
"decimal": 0.013999999999999999,
"type": "percentage"
}
| |
( 2 ) our union-represented mainline employees are covered by agreements that are not currently amendable .joint collective bargaining agreements ( jcbas ) have been reached with post-merger employee groups , except the maintenance , fleet service , stock clerks , maintenance control technicians and maintenance training instructors represented by the twu-iam association who are covered by separate cbas that become amendable in the third quarter of 2018 .until those agreements become amendable , negotiations for jcbas will be conducted outside the traditional rla bargaining process as described above , and , in the meantime , no self-help will be permissible .( 3 ) among our wholly-owned regional subsidiaries , the psa mechanics and flight attendants have agreements that are now amendable and are engaged in traditional rla negotiations .the envoy passenger service employees are engaged in traditional rla negotiations for an initial cba .the piedmont fleet and passenger service employees have reached a tentative five-year agreement which is subject to membership ratification .for more discussion , see part i , item 1a .risk factors 2013 201cunion disputes , employee strikes and other labor-related disruptions may adversely affect our operations . 201d aircraft fuel our operations and financial results are significantly affected by the availability and price of jet fuel , which is our second largest expense .based on our 2018 forecasted mainline and regional fuel consumption , we estimate that a one cent per gallon increase in aviation fuel price would increase our 2018 annual fuel expense by $ 45 million .the following table shows annual aircraft fuel consumption and costs , including taxes , for our mainline and regional operations for 2017 , 2016 and 2015 ( gallons and aircraft fuel expense in millions ) .year gallons average price per gallon aircraft fuel expense percent of total operating expenses .
[['year', 'gallons', 'average priceper gallon', 'aircraft fuelexpense', 'percent of totaloperating expenses'], ['2017', '4352', '$ 1.73', '$ 7510', '19.7% ( 19.7 % )'], ['2016', '4347', '1.42', '6180', '17.7% ( 17.7 % )'], ['2015', '4323', '1.72', '7456', '21.4% ( 21.4 % )']]
as of december 31 , 2017 , we did not have any fuel hedging contracts outstanding to hedge our fuel consumption .as such , and assuming we do not enter into any future transactions to hedge our fuel consumption , we will continue to be fully exposed to fluctuations in fuel prices .our current policy is not to enter into transactions to hedge our fuel consumption , although we review that policy from time to time based on market conditions and other factors .fuel prices have fluctuated substantially over the past several years .we cannot predict the future availability , price volatility or cost of aircraft fuel .natural disasters ( including hurricanes or similar events in the u.s .southeast and on the gulf coast where a significant portion of domestic refining capacity is located ) , political disruptions or wars involving oil-producing countries , changes in fuel-related governmental policy , the strength of the u.s .dollar against foreign currencies , changes in access to petroleum product pipelines and terminals , speculation in the energy futures markets , changes in aircraft fuel production capacity , environmental concerns and other unpredictable events may result in fuel supply shortages , distribution challenges , additional fuel price volatility and cost increases in the future .see part i , item 1a .risk factors 2013 201cour business is very dependent on the price and availability of aircraft fuel .continued periods of high volatility in fuel costs , increased fuel prices or significant disruptions in the supply of aircraft fuel could have a significant negative impact on our operating results and liquidity . 201d seasonality and other factors due to the greater demand for air travel during the summer months , revenues in the airline industry in the second and third quarters of the year tend to be greater than revenues in the first and fourth quarters of the year .general economic conditions , fears of terrorism or war , fare initiatives , fluctuations in fuel prices , labor actions , weather , natural disasters , outbreaks of disease and other factors could impact this seasonal pattern .therefore , our quarterly results of operations are not necessarily indicative of operating results for the entire year , and historical operating results in a quarterly or annual period are not necessarily indicative of future operating results. .
|
what is the percentage change in the average price per gallon of aircraft fuel from 2016 to 2017?
|
21.8%
|
{
"answer": "21.8%",
"decimal": 0.218,
"type": "percentage"
}
| |
table of contents company stock performance the following graph shows a five-year comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 composite index ( the 201cs&p 500 201d ) and the s&p computers ( hardware ) index ( the 201cindustry index 201d ) .the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 , and the industry index on september 30 , 2003 .data points on the graph are annual .note that historic stock price performance is not necessarily indicative of future stock price performance .copyright a9 2008 , standard & poor 2019s , a division of the mcgraw-hill companies , inc .all rights reserved. .
[['', 'sep-03', 'sep-04', 'sep-05', 'sep-06', 'sep-07', 'sep-08'], ['apple inc .', '$ 100', '$ 187', '$ 517', '$ 743', '$ 1481', '$ 1097'], ['s&p a9500', '$ 100', '$ 114', '$ 128', '$ 142', '$ 165', '$ 129'], ['s&p a9computer hardware', '$ 100', '$ 104', '$ 119', '$ 128', '$ 188', '$ 158']]
s&p a9 500 $ 100 $ 114 $ 128 $ 142 $ 165 $ 129 s&p a9 computer hardware $ 100 $ 104 $ 119 $ 128 $ 188 $ 158 .
|
what was the change in cumulative total return for the s&p a9500 between 2003 and 2004?
|
14
|
{
"answer": "14",
"decimal": 14,
"type": "float"
}
| |
part i item 1 entergy corporation , utility operating companies , and system energy entergy wholesale commodities during 2010 entergy integrated its non-utility nuclear and its non-nuclear wholesale assets businesses into a new organization called entergy wholesale commodities .entergy wholesale commodities includes the ownership and operation of six nuclear power plants , five of which are located in the northeast united states , with the sixth located in michigan , and is primarily focused on selling electric power produced by those plants to wholesale customers .entergy wholesale commodities 2019 revenues are primarily derived from sales of energy and generation capacity from these plants .entergy wholesale commodities also provides operations and management services , including decommissioning services , to nuclear power plants owned by other utilities in the united states .entergy wholesale commodities also includes the ownership of , or participation in joint ventures that own , non-nuclear power plants and the sale to wholesale customers of the electric power produced by these plants .property nuclear generating stations entergy wholesale commodities includes the ownership of the following nuclear power plants : power plant market service acquired location capacity- reactor type license expiration .
[['power plant', 'market', 'inserviceyear', 'acquired', 'location', 'capacity-reactor type', 'licenseexpirationdate'], ['pilgrim', 'is0-ne', '1972', 'july 1999', 'plymouth ma', '688 mw - boiling water', '2012'], ['fitzpatrick', 'nyiso', '1975', 'nov . 2000', 'oswego ny', '838 mw - boiling water', '2034'], ['indian point 3', 'nyiso', '1976', 'nov . 2000', 'buchanan ny', '1041 mw - pressurized water', '2015'], ['indian point 2', 'nyiso', '1974', 'sept . 2001', 'buchanan ny', '1028 mw - pressurized water', '2013'], ['vermont yankee', 'is0-ne', '1972', 'july 2002', 'vernon vt', '605 mw - boiling water', '2032'], ['palisades', 'miso', '1971', 'apr . 2007', 'south haven mi', '811 mw - pressurized water', '2031']]
entergy wholesale commodities also includes the ownership of two non-operating nuclear facilities , big rock point in michigan and indian point 1 in new york that were acquired when entergy purchased the palisades and indian point 2 nuclear plants , respectively .these facilities are in various stages of the decommissioning process .the nrc operating license for vermont yankee was to expire in march 2012 .in march 2011 the nrc renewed vermont yankee 2019s operating license for an additional 20 years , as a result of which the license now expires in 2032 .for additional discussion regarding the continued operation of the vermont yankee plant , see 201cimpairment of long-lived assets 201d in note 1 to the financial statements .the operating licenses for pilgrim , indian point 2 , and indian point 3 expire between 2012 and 2015 .under federal law , nuclear power plants may continue to operate beyond their license expiration dates while their renewal applications are pending nrc approval .various parties have expressed opposition to renewal of the licenses .with respect to the pilgrim license renewal , the atomic safety and licensing board ( aslb ) of the nrc , after issuing an order denying a new hearing request , terminated its proceeding on pilgrim 2019s license renewal application .with the aslb process concluded the proceeding , including appeals of certain aslb decisions , is now before the nrc .in april 2007 , entergy submitted an application to the nrc to renew the operating licenses for indian point 2 and 3 for an additional 20 years .the aslb has admitted 21 contentions raised by the state of new york or other parties , which were combined into 16 discrete issues .two of the issues have been resolved , leaving 14 issues that are currently subject to aslb hearings .in july 2011 , the aslb granted the state of new york 2019s motion for summary disposition of an admitted contention challenging the adequacy of a section of indian point 2019s environmental analysis as incorporated in the fseis ( discussed below ) .that section provided cost estimates for severe accident mitigation alternatives ( samas ) , which are hardware and procedural changes that could be .
|
what is the length of the lease for fitzpatrick , ( in years ) ?
|
34
|
{
"answer": "34",
"decimal": 34,
"type": "float"
}
| |
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) company is currently unable to estimate the impact of the amount of such changes , if any , to previously recorded uncertain tax positions .a reconciliation of the beginning and ending amount of unrecognized tax benefits for the year ending december 31 , 2007 is as follows ( in thousands ) : .
[['balance at january 1 2007', '$ 183953'], ['additions based on tax positions related to the current year', '2598'], ['additions for tax positions of prior years', '5412'], ['reductions for tax positions of prior years', '-120016 ( 120016 )'], ['cash advance in connection with proposed settlement', '-6682 ( 6682 )'], ['settlements with taxing authorities', '-5372 ( 5372 )'], ['reductions as a result of the lapse of statute of limitations', '-669 ( 669 )'], ['balance as of december 31 2007', '$ 59224']]
during the year ended december 31 , 2007 , the company recorded penalties and tax-related interest income of $ 2.5 million and interest income from tax refunds of $ 1.5 million for the year ended december 31 , 2007 .as of december 31 , 2007 and january 1 , 2007 , the total unrecognized tax benefits included in other long-term liabilities in the consolidated balance sheets was $ 29.6 million and $ 34.3 million , respectively .as of december 31 , 2007 and january 1 , 2007 , the total amount of accrued income tax-related interest and penalties included in other long-term liabilities in the consolidated balance sheets was $ 30.7 million and $ 33.2 million , respectively .in the fourth quarter of 2007 , the company entered into a tax amnesty program with the mexican tax authority .as of december 31 , 2007 , the company had met all of the administrative requirements of the program , which enabled the company to recognize certain tax benefits .this was confirmed by the mexican tax authority on february 5 , 2008 .these benefits include a reduction of uncertain tax benefits of $ 5.4 million along with penalties and interest of $ 12.5 million related to 2002 , all of which reduced income tax expense .in connection with the above program , the company paid $ 6.7 million to the mexican tax authority as a settlement offer for other uncertain tax positions related to 2003 and 2004 .this offer is currently under review by the mexican tax authority ; the company cannot yet determine the specific timing or the amount of any potential settlement .during 2007 , the statute of limitations on certain unrecognized tax benefits lapsed , which resulted in a $ 0.7 million decrease in the liability for uncertain tax benefits , all of which reduced the income tax provision .the company files numerous consolidated and separate income tax returns , including u.s .federal and state tax returns and foreign tax returns in mexico and brazil .as a result of the company 2019s ability to carry forward federal and state net operating losses , the applicable tax years remain open to examination until three years after the applicable loss carryforwards have been used or expired .however , the company has completed u.s .federal income tax examinations for tax years up to and including 2002 .the company is currently undergoing u.s .federal income tax examinations for tax years 2004 and 2005 .additionally , it is subject to examinations in various u.s .state jurisdictions for certain tax years , and is under examination in brazil for the 2001 through 2006 tax years and mexico for the 2002 tax year .sfas no .109 , 201caccounting for income taxes , 201d requires that companies record a valuation allowance when it is 201cmore likely than not that some portion or all of the deferred tax assets will not be realized . 201d at december 31 , 2007 , the company has provided a valuation allowance of approximately $ 88.2 million , including approximately .
|
what is the net change in the balance of unrecognized tax benefits during 2007?
|
-124729
|
{
"answer": "-124729",
"decimal": -124729,
"type": "float"
}
| |
valuation techniques 2013 cash equivalents are mostly comprised of short-term money-market instruments and are valued at cost , which approximates fair value .u.s .equity securities and international equity securities categorized as level 1 are traded on active national and international exchanges and are valued at their closing prices on the last trading day of the year .for u.s .equity securities and international equity securities not traded on an active exchange , or if the closing price is not available , the trustee obtains indicative quotes from a pricing vendor , broker or investment manager .these securities are categorized as level 2 if the custodian obtains corroborated quotes from a pricing vendor or categorized as level 3 if the custodian obtains uncorroborated quotes from a broker or investment manager .commingled equity funds categorized as level 1 are traded on active national and international exchanges and are valued at their closing prices on the last trading day of the year .for commingled equity funds not traded on an active exchange , or if the closing price is not available , the trustee obtains indicative quotes from a pricing vendor , broker or investment manager .these securities are categorized as level 2 if the custodian obtains corroborated quotes from a pricing vendor .fixed income investments categorized as level 2 are valued by the trustee using pricing models that use verifiable observable market data ( e.g. , interest rates and yield curves observable at commonly quoted intervals and credit spreads ) , bids provided by brokers or dealers or quoted prices of securities with similar characteristics .fixed income investments are categorized as level 3 when valuations using observable inputs are unavailable .the trustee typically obtains pricing based on indicative quotes or bid evaluations from vendors , brokers or the investment manager .in addition , certain other fixed income investments categorized as level 3 are valued using a discounted cash flow approach .significant inputs include projected annuity payments and the discount rate applied to those payments .certain commingled equity funds , consisting of equity mutual funds , are valued using the nav .the nav valuations are based on the underlying investments and typically redeemable within 90 days .private equity funds consist of partnership and co-investment funds .the nav is based on valuation models of the underlying securities , which includes unobservable inputs that cannot be corroborated using verifiable observable market data .these funds typically have redemption periods between eight and 12 years .real estate funds consist of partnerships , most of which are closed-end funds , for which the nav is based on valuation models and periodic appraisals .these funds typically have redemption periods between eight and 10 years .hedge funds consist of direct hedge funds for which the nav is generally based on the valuation of the underlying investments .redemptions in hedge funds are based on the specific terms of each fund , and generally range from a minimum of one month to several months .contributions and expected benefit payments the funding of our qualified defined benefit pension plans is determined in accordance with erisa , as amended by the ppa , and in a manner consistent with cas and internal revenue code rules .we made contributions of $ 5.0 billion to our qualified defined benefit pension plans in 2018 , including required and discretionary contributions .as a result of these contributions , we do not expect to make contributions to our qualified defined benefit pension plans in 2019 .the following table presents estimated future benefit payments , which reflect expected future employee service , as of december 31 , 2018 ( in millions ) : .
[['', '2019', '2020', '2021', '2022', '2023', '2024 2013 2028'], ['qualified defined benefit pension plans', '$ 2350', '$ 2390', '$ 2470', '$ 2550', '$ 2610', '$ 13670'], ['retiree medical and life insurance plans', '170', '180', '180', '180', '170', '810']]
defined contribution plans we maintain a number of defined contribution plans , most with 401 ( k ) features , that cover substantially all of our employees .under the provisions of our 401 ( k ) plans , we match most employees 2019 eligible contributions at rates specified in the plan documents .our contributions were $ 658 million in 2018 , $ 613 million in 2017 and $ 617 million in 2016 , the majority of which were funded using our common stock .our defined contribution plans held approximately 33.3 million and 35.5 million shares of our common stock as of december 31 , 2018 and 2017. .
|
what was the percentage of the change in the employee matching contributions from 2017 to 2018
|
7.34%
|
{
"answer": "7.34%",
"decimal": 0.07339999999999999,
"type": "percentage"
}
| |
in addition , the company has reclassified the following amounts from 201cdistributions from other invested assets 201d included in cash flows from investing activities to 201cdistribution of limited partnership income 201d included in cash flows from operations for interim reporting periods of 2013 : $ 33686 thousand for the three months ended march 31 , 2013 ; $ 9409 thousand and $ 43095 thousand for the three months and six months ended june 30 , 2013 , respectively ; and $ 5638 thousand and $ 48733 thousand for the three months and nine months ended september 30 , 2013 , respectively .b .investments .fixed maturity and equity security investments available for sale , at market value , reflect unrealized appreciation and depreciation , as a result of temporary changes in market value during the period , in shareholders 2019 equity , net of income taxes in 201caccumulated other comprehensive income ( loss ) 201d in the consolidated balance sheets .fixed maturity and equity securities carried at fair value reflect fair value re- measurements as net realized capital gains and losses in the consolidated statements of operations and comprehensive income ( loss ) .the company records changes in fair value for its fixed maturities available for sale , at market value through shareholders 2019 equity , net of taxes in accumulated other comprehensive income ( loss ) since cash flows from these investments will be primarily used to settle its reserve for losses and loss adjustment expense liabilities .the company anticipates holding these investments for an extended period as the cash flow from interest and maturities will fund the projected payout of these liabilities .fixed maturities carried at fair value represent a portfolio of convertible bond securities , which have characteristics similar to equity securities and at times , designated foreign denominated fixed maturity securities , which will be used to settle loss and loss adjustment reserves in the same currency .the company carries all of its equity securities at fair value except for mutual fund investments whose underlying investments are comprised of fixed maturity securities .for equity securities , available for sale , at fair value , the company reflects changes in value as net realized capital gains and losses since these securities may be sold in the near term depending on financial market conditions .interest income on all fixed maturities and dividend income on all equity securities are included as part of net investment income in the consolidated statements of operations and comprehensive income ( loss ) .unrealized losses on fixed maturities , which are deemed other-than-temporary and related to the credit quality of a security , are charged to net income ( loss ) as net realized capital losses .short-term investments are stated at cost , which approximates market value .realized gains or losses on sales of investments are determined on the basis of identified cost .for non- publicly traded securities , market prices are determined through the use of pricing models that evaluate securities relative to the u.s .treasury yield curve , taking into account the issue type , credit quality , and cash flow characteristics of each security .for publicly traded securities , market value is based on quoted market prices or valuation models that use observable market inputs .when a sector of the financial markets is inactive or illiquid , the company may use its own assumptions about future cash flows and risk-adjusted discount rates to determine fair value .retrospective adjustments are employed to recalculate the values of asset-backed securities .each acquisition lot is reviewed to recalculate the effective yield .the recalculated effective yield is used to derive a book value as if the new yield were applied at the time of acquisition .outstanding principal factors from the time of acquisition to the adjustment date are used to calculate the prepayment history for all applicable securities .conditional prepayment rates , computed with life to date factor histories and weighted average maturities , are used to effect the calculation of projected and prepayments for pass-through security types .other invested assets include limited partnerships , rabbi trusts and an affiliated entity .limited partnerships and the affiliated entity are accounted for under the equity method of accounting , which can be recorded on a monthly or quarterly lag .c .uncollectible receivable balances .the company provides reserves for uncollectible reinsurance recoverable and premium receivable balances based on management 2019s assessment of the collectability of the outstanding balances .such reserves are presented in the table below for the periods indicated. .
[['( dollars in thousands )', 'years ended december 31 , 2013', 'years ended december 31 , 2012'], ['reinsurance receivables and premium receivables', '$ 29905', '$ 32011']]
.
|
for the years ended december 312013 and 2012 what was the percentage change in the reinsurance receivables and premium receivables
|
-6.6%
|
{
"answer": "-6.6%",
"decimal": -0.066,
"type": "percentage"
}
| |
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 ( 1 )', 'averageprice paidper share', 'total numberof sharespurchased aspart of publiclyannounced program', 'approximatedollarvalue of sharesremaining thatmay bepurchased underthe program ( 2 )'], ['october 1 - 31 2014', '192580', '$ 58.02', '164800', '$ 490000000'], ['november 1 - 30 2014', '468128', '$ 59.25', '468128', '$ 463000000'], ['december 1 - 31 2014', '199796', '$ 60.78', '190259', '$ 451000000'], ['total', '860504', '', '823187', '']]
___________________________ ( 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 .
|
what is the total value paid for purchased shares during december 2014?
|
12.1
|
{
"answer": "12.1",
"decimal": 12.1,
"type": "float"
}
| |
35% ( 35 % ) due primarily to certain undistributed foreign earnings for which no u.s .taxes are provided because such earnings are intended to be indefinitely reinvested outside the u.s .as of september 29 , 2012 , the company had deferred tax assets arising from deductible temporary differences , tax losses , and tax credits of $ 4.0 billion , and deferred tax liabilities of $ 14.9 billion .management believes it is more likely than not that forecasted income , including income that may be generated as a result of certain tax planning strategies , together with future reversals of existing taxable temporary differences , will be sufficient to fully recover the deferred tax assets .the company will continue to evaluate the realizability of deferred tax assets quarterly by assessing the need for and amount of a valuation allowance .the internal revenue service ( the 201cirs 201d ) has completed its field audit of the company 2019s federal income tax returns for the years 2004 through 2006 and proposed certain adjustments .the company has contested certain of these adjustments through the irs appeals office .the irs is currently examining the years 2007 through 2009 .all irs audit issues for years prior to 2004 have been resolved .in addition , the company is subject to audits by state , local , and foreign tax authorities .management believes that adequate provisions have been made for any adjustments that may result from tax examinations .however , the outcome of tax audits cannot be predicted with certainty .if any issues addressed in the company 2019s tax audits are resolved in a manner not consistent with management 2019s expectations , the company could be required to adjust its provision for income taxes in the period such resolution occurs .liquidity and capital resources the following table presents selected financial information and statistics as of and for the years ended september 29 , 2012 , september 24 , 2011 , and september 25 , 2010 ( in millions ) : .
[['', '2012', '2011', '2010'], ['cash cash equivalents and marketable securities', '$ 121251', '$ 81570', '$ 51011'], ['accounts receivable net', '$ 10930', '$ 5369', '$ 5510'], ['inventories', '$ 791', '$ 776', '$ 1051'], ['working capital', '$ 19111', '$ 17018', '$ 20956'], ['annual operating cash flow', '$ 50856', '$ 37529', '$ 18595']]
as of september 29 , 2012 , the company had $ 121.3 billion in cash , cash equivalents and marketable securities , an increase of $ 39.7 billion or 49% ( 49 % ) from september 24 , 2011 .the principal components of this net increase was the cash generated by operating activities of $ 50.9 billion , which was partially offset by payments for acquisition of property , plant and equipment of $ 8.3 billion , payments for acquisition of intangible assets of $ 1.1 billion and payments of dividends and dividend equivalent rights of $ 2.5 billion .the company 2019s marketable securities investment portfolio is invested primarily in highly-rated securities and its investment policy generally limits the amount of credit exposure to any one issuer .the policy requires investments generally to be investment grade with the objective of minimizing the potential risk of principal loss .as of september 29 , 2012 and september 24 , 2011 , $ 82.6 billion and $ 54.3 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 .the company believes its existing balances of cash , cash equivalents and marketable securities will be sufficient to satisfy its working capital needs , capital asset purchases , outstanding commitments , common stock repurchases , dividends on its common stock , and other liquidity requirements associated with its existing operations over the next 12 months .capital assets the company 2019s capital expenditures were $ 10.3 billion during 2012 , consisting of $ 865 million for retail store facilities and $ 9.5 billion for other capital expenditures , including product tooling and manufacturing process .
|
what was the increase in annual operating cash flow between 2010 and 2012?
|
32261
|
{
"answer": "32261",
"decimal": 32261,
"type": "float"
}
| |
local consumer lending local consumer lending ( lcl ) , which constituted approximately 70% ( 70 % ) of citi holdings by assets as of december 31 , 2010 , includes a portion of citigroup 2019s north american mortgage business , retail partner cards , western european cards and retail banking , citifinancial north america and other local consumer finance businesses globally .the student loan corporation is reported as discontinued operations within the corporate/other segment for the second half of 2010 only .at december 31 , 2010 , lcl had $ 252 billion of assets ( $ 226 billion in north america ) .approximately $ 129 billion of assets in lcl as of december 31 , 2010 consisted of u.s .mortgages in the company 2019s citimortgage and citifinancial operations .the north american assets consist of residential mortgage loans ( first and second mortgages ) , retail partner card loans , personal loans , commercial real estate ( cre ) , and other consumer loans and assets .in millions of dollars 2010 2009 2008 % ( % ) change 2010 vs .2009 % ( % ) change 2009 vs .2008 .
[['in millions of dollars', '2010', '2009', '2008', '% ( % ) change 2010 vs . 2009', '% ( % ) change 2009 vs . 2008'], ['net interest revenue', '$ 13831', '$ 12995', '$ 17136', '6% ( 6 % )', '( 24 ) % ( % )'], ['non-interest revenue', '1995', '4770', '6362', '-58 ( 58 )', '-25 ( 25 )'], ['total revenues net of interest expense', '$ 15826', '$ 17765', '$ 23498', '( 11 ) % ( % )', '( 24 ) % ( % )'], ['total operating expenses', '$ 8064', '$ 9799', '$ 14238', '( 18 ) % ( % )', '( 31 ) % ( % )'], ['net credit losses', '$ 17040', '$ 19185', '$ 13111', '( 11 ) % ( % )', '46% ( 46 % )'], ['credit reserve build ( release )', '-1771 ( 1771 )', '5799', '8573', 'nm', '-32 ( 32 )'], ['provision for benefits and claims', '775', '1054', '1192', '-26 ( 26 )', '-12 ( 12 )'], ['provision for unfunded lending commitments', '2014', '2014', '2014', '2014', '2014'], ['provisions for credit losses and for benefits and claims', '$ 16044', '$ 26038', '$ 22876', '( 38 ) % ( % )', '14% ( 14 % )'], ['( loss ) from continuing operations before taxes', '$ -8282 ( 8282 )', '$ -18072 ( 18072 )', '$ -13616 ( 13616 )', '54% ( 54 % )', '( 33 ) % ( % )'], ['benefits for income taxes', '-3289 ( 3289 )', '-7656 ( 7656 )', '-5259 ( 5259 )', '57', '-46 ( 46 )'], ['( loss ) from continuing operations', '$ -4993 ( 4993 )', '$ -10416 ( 10416 )', '$ -8357 ( 8357 )', '52% ( 52 % )', '( 25 ) % ( % )'], ['net income attributable to noncontrolling interests', '8', '33', '12', '-76 ( 76 )', 'nm'], ['net ( loss )', '$ -5001 ( 5001 )', '$ -10449 ( 10449 )', '$ -8369 ( 8369 )', '52% ( 52 % )', '( 25 ) % ( % )'], ['average assets ( in billions of dollars )', '$ 324', '$ 351', '$ 420', '( 8 ) % ( % )', '-16 ( 16 )'], ['net credit losses as a percentage of average loans', '6.20% ( 6.20 % )', '6.38% ( 6.38 % )', '3.80% ( 3.80 % )', '', '']]
nm not meaningful 2010 vs .2009 revenues , net of interest expense decreased 11% ( 11 % ) from the prior year .net interest revenue increased 6% ( 6 % ) due to the adoption of sfas 166/167 , partially offset by the impact of lower balances due to portfolio run-off and asset sales .non-interest revenue declined 58% ( 58 % ) , primarily due to the absence of the $ 1.1 billion gain on the sale of redecard in the first quarter of 2009 and a higher mortgage repurchase reserve charge .operating expenses decreased 18% ( 18 % ) , primarily due to the impact of divestitures , lower volumes , re-engineering actions and the absence of costs associated with the u.s .government loss-sharing agreement , which was exited in the fourth quarter of 2009 .provisions for credit losses and for benefits and claims decreased 38% ( 38 % ) , reflecting a net $ 1.8 billion credit reserve release in 2010 compared to a $ 5.8 billion build in 2009 .lower net credit losses across most businesses were partially offset by the impact of the adoption of sfas 166/167 .on a comparable basis , net credit losses were lower year-over-year , driven by improvement in u.s .mortgages , international portfolios and retail partner cards .assets declined 21% ( 21 % ) from the prior year , primarily driven by portfolio run-off , higher loan loss reserve balances , and the impact of asset sales and divestitures , partially offset by an increase of $ 41 billion resulting from the adoption of sfas 166/167 .key divestitures in 2010 included the student loan corporation , primerica , auto loans , the canadian mastercard business and u.s .retail sales finance portfolios .2009 vs .2008 revenues , net of interest expense decreased 24% ( 24 % ) from the prior year .net interest revenue was 24% ( 24 % ) lower than the prior year , primarily due to lower balances , de-risking of the portfolio , and spread compression .non-interest revenue decreased $ 1.6 billion , mostly driven by the impact of higher credit losses flowing through the securitization trusts , partially offset by the $ 1.1 billion gain on the sale of redecard in the first quarter of 2009 .operating expenses declined 31% ( 31 % ) from the prior year , due to lower volumes and reductions from expense re-engineering actions , and the impact of goodwill write-offs of $ 3.0 billion in the fourth quarter of 2008 , partially offset by higher costs associated with delinquent loans .provisions for credit losses and for benefits and claims increased 14% ( 14 % ) from the prior year , reflecting an increase in net credit losses of $ 6.1 billion , partially offset by lower reserve builds of $ 2.8 billion .higher net credit losses were primarily driven by higher losses of $ 3.6 billion in residential real estate lending , $ 1.0 billion in retail partner cards , and $ 0.7 billion in international .assets decreased $ 57 billion from the prior year , primarily driven by lower originations , wind-down of specific businesses , asset sales , divestitures , write- offs and higher loan loss reserve balances .key divestitures in 2009 included the fi credit card business , italy consumer finance , diners europe , portugal cards , norway consumer and diners club north america. .
|
what percentage of total revenues net of interest expense where net interest revenues in 2009?
|
73%
|
{
"answer": "73%",
"decimal": 0.73,
"type": "percentage"
}
| |
( 3 ) refer to note 2 201csummary of significant accounting principles and practices 201d for further information .13 .employee benefitsp y defined contribution savings plans aon maintains defined contribution savings plans for the benefit of its employees .the expense recognized for these plans is included in compensation and benefits in the consolidated statements of income .the expense for the significant plans in the u.s. , u.k. , netherlands and canada is as follows ( in millions ) : .
[['years ended december 31', '2018', '2017', '2016'], ['u.s .', '$ 98', '$ 105', '$ 121'], ['u.k .', '45', '43', '43'], ['netherlands and canada', '25', '25', '27'], ['total', '$ 168', '$ 173', '$ 191']]
pension and other postretirement benefits the company sponsors defined benefit pension and postretirement health and welfare plans that provide retirement , medical , and life insurance benefits .the postretirement health care plans are contributory , with retiree contributions adjusted annually , and the aa life insurance and pension plans are generally noncontributory .the significant u.s. , u.k. , netherlands and canadian pension plans are closed to new entrants. .
|
what was the change in the total benefits from 2017 to 2018 in millions
|
-5
|
{
"answer": "-5",
"decimal": -5,
"type": "float"
}
|
the total benefits decreased by 5 million from 2017 to 2018
|
the company recorded equity earnings , net of taxes , related to ilim of $ 290 million in 2018 , compared with earnings of $ 183 million in 2017 , and $ 199 million in 2016 .operating results recorded in 2018 included an after-tax non-cash foreign exchange loss of $ 82 million , compared with an after-tax foreign exchange gain of $ 15 million in 2017 and an after-tax foreign exchange gain of $ 25 million in 2016 , primarily on the remeasurement of ilim's u.s .dollar denominated net debt .ilim delivered outstanding performance in 2018 , driven largely by higher price realization and strong demand .sales volumes for the joint venture increased year over year for shipments to china of softwood pulp and linerboard , but were offset by decreased sales of hardwood pulp to china .sales volumes in the russian market increased for softwood pulp and hardwood pulp , but decreased for linerboard .average sales price realizations were significantly higher in 2018 for sales of softwood pulp , hardwood pulp and linerboard to china and other export markets .average sales price realizations in russian markets increased year over year for all products .input costs were higher in 2018 , primarily for wood , fuel and chemicals .distribution costs were negatively impacted by tariffs and inflation .the company received cash dividends from the joint venture of $ 128 million in 2018 , $ 133 million in 2017 and $ 58 million in entering the first quarter of 2019 , sales volumes are expected to be lower than in the fourth quarter of 2018 , due to the seasonal slowdown in china and fewer trading days .based on pricing to date in the current quarter , average sales prices are expected to decrease for hardwood pulp , softwood pulp and linerboard to china .input costs are projected to be relatively flat , while distribution costs are expected to increase .equity earnings - gpip international paper recorded equity earnings of $ 46 million on its 20.5% ( 20.5 % ) ownership position in gpip in 2018 .the company received cash dividends from the investment of $ 25 million in 2018 .liquidity and capital resources overview a major factor in international paper 2019s liquidity and capital resource planning is its generation of operating 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 , mill outage and transportation costs , do have an effect on operating cash generation , we believe that our focus on pricing and cost controls has improved our cash flow generation over an operating cycle .cash uses during 2018 were primarily focused on working capital requirements , capital spending , debt reductions and returning cash to shareholders through dividends and share repurchases under the company's share repurchase program .cash provided by operating activities cash provided by operations , including discontinued operations , totaled $ 3.2 billion in 2018 , compared with $ 1.8 billion for 2017 , and $ 2.5 billion for 2016 .cash used by working capital components ( accounts receivable , contract assets and inventory less accounts payable and accrued liabilities , interest payable and other ) totaled $ 439 million in 2018 , compared with cash used by working capital components of $ 402 million in 2017 , and cash provided by working capital components of $ 71 million in 2016 .investment activities including discontinued operations , investment activities in 2018 increased from 2017 , as 2018 included higher capital spending .in 2016 , investment activity included the purchase of weyerhaeuser's pulp business for $ 2.2 billion in cash , the purchase of the holmen business for $ 57 million in cash , net of cash acquired , and proceeds from the sale of the asia packaging business of $ 108 million , net of cash divested .the company maintains an average capital spending target around depreciation and amortization levels , or modestly above , due to strategic plans over the course of an economic cycle .capital spending was $ 1.6 billion in 2018 , or 118% ( 118 % ) of depreciation and amortization , compared with $ 1.4 billion in 2017 , or 98% ( 98 % ) of depreciation and amortization , and $ 1.3 billion , or 110% ( 110 % ) of depreciation and amortization in 2016 .across our segments , capital spending as a percentage of depreciation and amortization ranged from 69.8% ( 69.8 % ) to 132.1% ( 132.1 % ) in 2018 .the following table shows capital spending for operations by business segment for the years ended december 31 , 2018 , 2017 and 2016 , excluding amounts related to discontinued operations of $ 111 million in 2017 and $ 107 million in 2016. .
[['in millions', '2018', '2017', '2016'], ['industrial packaging', '$ 1061', '$ 836', '$ 832'], ['global cellulose fibers', '183', '188', '174'], ['printing papers', '303', '235', '215'], ['subtotal', '1547', '1259', '1221'], ['corporate and other', '25', '21', '20'], ['capital spending', '$ 1572', '$ 1280', '$ 1241']]
capital expenditures in 2019 are currently expected to be about $ 1.4 billion , or 104% ( 104 % ) of depreciation and amortization , including approximately $ 400 million of strategic investments. .
|
what was the percentage increase of capital expenditures for operations in the industrial packaging business segment in from 2017 to 2018?
|
27%
|
{
"answer": "27%",
"decimal": 0.27,
"type": "percentage"
}
| |
adobe systems incorporated notes to consolidated financial statements ( continued ) in the first quarter of fiscal 2013 , the executive compensation committee certified the actual performance achievement of participants in the 2012 performance share program ( the 201c2012 program 201d ) .based upon the achievement of specific and/or market- based performance goals outlined in the 2012 program , participants had the ability to receive up to 150% ( 150 % ) of the target number of shares originally granted .actual performance resulted in participants achieving 116% ( 116 % ) of target or approximately 1.3 million shares for the 2012 program .one third of the shares under the 2012 program vested in the first quarter of fiscal 2013 and the remaining two thirds vest evenly on the following two anniversaries of the grant , contingent upon the recipient's continued service to adobe .in the first quarter of fiscal 2012 , the executive compensation committee certified the actual performance achievement of participants in the 2011 performance share program ( the 201c2011 program 201d ) .based upon the achievement of goals outlined in the 2011 program , participants had the ability to receive up to 150% ( 150 % ) of the target number of shares originally granted .actual performance resulted in participants achieving 130% ( 130 % ) of target or approximately 0.5 million shares for the 2011 program .one third of the shares under the 2011 program vested in the first quarter of fiscal 2012 and the remaining two thirds vest evenly on the following two annual anniversary dates of the grant , contingent upon the recipient's continued service to adobe .in the first quarter of fiscal 2011 , the executive compensation committee certified the actual performance achievement of participants in the 2010 performance share program ( the 201c2010 program 201d ) .based upon the achievement of goals outlined in the 2010 program , participants had the ability to receive up to 150% ( 150 % ) of the target number of shares originally granted .actual performance resulted in participants achieving 135% ( 135 % ) of target or approximately 0.3 million shares for the 2010 program .one third of the shares under the 2011 program vested in the first quarter of fiscal 2012 and the remaining two thirds vest evenly on the following two annual anniversary dates of the grant , contingent upon the recipient's continued service to adobe .the following table sets forth the summary of performance share activity under our 2010 , 2011 and 2012 programs , based upon share awards actually achieved , for the fiscal years ended november 29 , 2013 , november 30 , 2012 and december 2 , 2011 ( in thousands ) : .
[['', '2013', '2012', '2011'], ['beginning outstanding balance', '388', '405', '557'], ['achieved', '1279', '492', '337'], ['released', '-665 ( 665 )', '-464 ( 464 )', '-436 ( 436 )'], ['forfeited', '-141 ( 141 )', '-45 ( 45 )', '-53 ( 53 )'], ['ending outstanding balance', '861', '388', '405']]
the total fair value of performance awards vested during fiscal 2013 , 2012 and 2011 was $ 25.4 million , $ 14.4 million and $ 14.8 million , respectively. .
|
what is the net increase in the balance of outstanding shares during 2013?
|
473
|
{
"answer": "473",
"decimal": 473,
"type": "float"
}
| |
.
[['operating information', 'years ended december 31 , 2007', 'years ended december 31 , 2006', 'years ended december 31 , 2005'], ['natural gas gathered ( bbtu/d )', '1171', '1168', '1077'], ['natural gas processed ( bbtu/d )', '621', '988', '1117'], ['natural gas transported ( mmcf/d )', '3579', '3634', '1333'], ['natural gas sales ( bbtu/d )', '281', '302', '334'], ['natural gas liquids gathered ( mbbl/d )', '228', '206', '191 ( a )'], ['natural gas liquids sales ( mbbl/d )', '231', '207', '207'], ['natural gas liquids fractionated ( mbbl/d )', '356', '313', '292 ( a )'], ['natural gas liquids transported ( mbbl/d )', '299', '200', '187 ( a )'], ['capital expenditures ( thousands of dollars )', '$ 709858', '$ 201746', '$ 56255'], ['conway-to-mount belvieu opis average spread ethane/propane mixture ( $ /gallon )', '$ 0.06', '$ 0.05', '$ 0.05'], ['realized composite ngl sales prices ( $ /gallon ) ( b )', '$ 1.06', '$ 0.93', '$ 0.89'], ['realized condensate sales price ( $ /bbl ) ( b )', '$ 67.35', '$ 57.84', '$ 52.69'], ['realized natural gas sales price ( $ /mmbtu ) ( b )', '$ 6.21', '$ 6.31', '$ 7.30'], ['realized gross processing spread ( $ /mmbtu ) ( b )', '$ 5.21', '$ 5.05', '$ 2.77']]
operating results - we began consolidating our investment in oneok partners as of january 1 , 2006 , in accordance with eitf 04-5 .we elected to use the prospective method , which results in our consolidated financial results and operating information including data for the legacy oneok partners operations beginning january 1 , 2006 .for additional information , see 201csignificant accounting policies 201d in note a of the notes to consolidated financial statements in this annual report on form 10-k .net margin increased by $ 52.3 million in 2007 , compared with 2006 , primarily due to the following : 2022 increased performance of oneok partners 2019 natural gas liquids businesses , which benefited primarily from new supply connections that increased volumes gathered , transported , fractionated and sold , 2022 higher ngl product price spreads and higher isomerization price spreads in oneok partners 2019 natural gas liquids gathering and fractionation business , 2022 the incremental net margin related to the acquisition of assets from kinder morgan in october 2007 in oneok partners 2019 natural gas liquids pipelines business , and 2022 increased storage margins in oneok partners 2019 natural gas pipelines business , that was partially offset by 2022 decreased natural gas processing and transportation margins in oneok partners 2019 natural gas businesses resulting primarily from lower throughput , higher fuel costs and lower natural gas volumes processed as a result of various contract terminations .operating costs increased by $ 11.6 million during 2007 , compared with 2006 , primarily due to higher employee-related costs and the incremental operating expenses associated with the assets acquired from kinder morgan , partially offset by lower litigation costs .depreciation and amortization decreased by $ 8.3 million during 2007 , compared with 2006 , primarily due to a goodwill and asset impairment charge of $ 12.0 million recorded in the second quarter of 2006 related to black mesa pipeline .gain on sale of assets decreased by $ 113.5 million during 2007 , compared with 2006 , primarily due to the $ 113.9 million gain on the sale of a 20 percent partnership interest in northern border pipeline recorded in the second quarter of 2006 .equity earnings from investments for 2007 and 2006 primarily include earnings from oneok partners 2019 interest in northern border pipeline .the decrease of $ 6.0 million during 2007 , compared with 2006 , is primarily due to the decrease in oneok partners 2019 share of northern border pipeline 2019s earnings from 70 percent in the first quarter of 2006 to 50 percent beginning in the second quarter of 2006 .see page 75 for discussion of the disposition of the 20 percent partnership interest in northern border pipeline .allowance for equity funds used during construction increased for 2007 , compared with 2006 , due to oneok partners 2019 capital projects , which are discussed beginning on page 31. .
|
what were the increased one time benefits from non-cash charges from 2006 to 2007?
|
20300000
|
{
"answer": "20300000",
"decimal": 20300000,
"type": "float"
}
| |
notes to consolidated financial statements jpmorgan chase & co./2009 annual report 236 the following table presents the u.s .and non-u.s .components of income before income tax expense/ ( benefit ) and extraordinary gain for the years ended december 31 , 2009 , 2008 and 2007 .year ended december 31 , ( in millions ) 2009 2008 2007 .
[['year ended december 31 ( in millions )', '2009', '2008', '2007'], ['u.s .', '$ 6263', '$ -2094 ( 2094 )', '$ 13720'], ['non-u.s. ( a )', '9804', '4867', '9085'], ['income before income taxexpense/ ( benefit ) andextraordinary gain', '$ 16067', '$ 2773', '$ 22805']]
non-u.s. ( a ) 9804 4867 9085 income before income tax expense/ ( benefit ) and extraordinary gain $ 16067 $ 2773 $ 22805 ( a ) for purposes of this table , non-u.s .income is defined as income generated from operations located outside the u.s .note 28 2013 restrictions on cash and inter- company funds transfers the business of jpmorgan chase bank , national association ( 201cjpmorgan chase bank , n.a . 201d ) is subject to examination and regulation by the office of the comptroller of the currency ( 201cocc 201d ) .the bank is a member of the u.s .federal reserve sys- tem , and its deposits are insured by the fdic .the board of governors of the federal reserve system ( the 201cfed- eral reserve 201d ) requires depository institutions to maintain cash reserves with a federal reserve bank .the average amount of reserve balances deposited by the firm 2019s bank subsidiaries with various federal reserve banks was approximately $ 821 million and $ 1.6 billion in 2009 and 2008 , respectively .restrictions imposed by u.s .federal law prohibit jpmorgan chase and certain of its affiliates from borrowing from banking subsidiar- ies unless the loans are secured in specified amounts .such secured loans to the firm or to other affiliates are generally limited to 10% ( 10 % ) of the banking subsidiary 2019s total capital , as determined by the risk- based capital guidelines ; the aggregate amount of all such loans is limited to 20% ( 20 % ) of the banking subsidiary 2019s total capital .the principal sources of jpmorgan chase 2019s income ( on a parent company 2013only basis ) are dividends and interest from jpmorgan chase bank , n.a. , and the other banking and nonbanking subsidi- aries of jpmorgan chase .in addition to dividend restrictions set forth in statutes and regulations , the federal reserve , the occ and the fdic have authority under the financial institutions supervisory act to prohibit or to limit the payment of dividends by the banking organizations they supervise , including jpmorgan chase and its subsidiaries that are banks or bank holding companies , if , in the banking regulator 2019s opinion , payment of a dividend would consti- tute an unsafe or unsound practice in light of the financial condi- tion of the banking organization .at january 1 , 2010 and 2009 , jpmorgan chase 2019s banking subsidi- aries could pay , in the aggregate , $ 3.6 billion and $ 17.0 billion , respectively , in dividends to their respective bank holding compa- nies without the prior approval of their relevant banking regulators .the capacity to pay dividends in 2010 will be supplemented by the banking subsidiaries 2019 earnings during the year .in compliance with rules and regulations established by u.s .and non-u.s .regulators , as of december 31 , 2009 and 2008 , cash in the amount of $ 24.0 billion and $ 34.8 billion , respectively , and securities with a fair value of $ 10.2 billion and $ 23.4 billion , re- spectively , were segregated in special bank accounts for the benefit of securities and futures brokerage customers .note 29 2013 capital the federal reserve establishes capital requirements , including well-capitalized standards for the consolidated financial holding company .the occ establishes similar capital requirements and standards for the firm 2019s national banks , including jpmorgan chase bank , n.a. , and chase bank usa , n.a .there are two categories of risk-based capital : tier 1 capital and tier 2 capital .tier 1 capital includes common stockholders 2019 equity , qualifying preferred stock and minority interest less goodwill and other adjustments .tier 2 capital consists of preferred stock not qualifying as tier 1 , subordinated long-term debt and other instru- ments qualifying as tier 2 , and the aggregate allowance for credit losses up to a certain percentage of risk-weighted assets .total regulatory capital is subject to deductions for investments in certain subsidiaries .under the risk-based capital guidelines of the federal reserve , jpmorgan chase is required to maintain minimum ratios of tier 1 and total ( tier 1 plus tier 2 ) capital to risk-weighted assets , as well as minimum leverage ratios ( which are defined as tier 1 capital to average adjusted on 2013balance sheet assets ) .failure to meet these minimum requirements could cause the federal reserve to take action .banking subsidiaries also are subject to these capital requirements by their respective primary regulators .as of december 31 , 2009 and 2008 , jpmorgan chase and all of its banking sub- sidiaries were well-capitalized and met all capital requirements to which each was subject. .
|
for the year ended december 312009 what was the percentage of the income before income tax expense/ ( benefit ) and extraordinary gain from the us
|
39%
|
{
"answer": "39%",
"decimal": 0.39,
"type": "percentage"
}
| |
interest expense 2013 interest expense increased in 2014 versus 2013 due to an increased weighted- average debt level of $ 10.8 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 .interest expense decreased in 2013 versus 2012 due to a lower effective interest rate of 5.7% ( 5.7 % ) in 2013 versus 6.0% ( 6.0 % ) in 2012 .the increase in the weighted-average debt level to $ 9.6 billion in 2013 from $ 9.1 billion in 2012 partially offset the impact of the lower effective interest rate .income taxes 2013 higher pre-tax income increased income taxes in 2014 compared to 2013 .our effective tax rate for 2014 was 37.9% ( 37.9 % ) compared to 37.7% ( 37.7 % ) in 2013 .higher pre-tax income increased income taxes in 2013 compared to 2012 .our effective tax rate for 2013 was 37.7% ( 37.7 % ) compared to 37.6% ( 37.6 % ) in 2012 .other operating/performance and financial statistics we report a number of key performance measures weekly to the association of american railroads ( aar ) .we provide this data on our website at www.up.com/investor/aar-stb_reports/index.htm .operating/performance statistics railroad performance measures are included in the table below : 2014 2013 2012 % ( % ) change 2014 v 2013 % ( % ) change 2013 v 2012 .
[['', '2014', '2013', '2012', '% ( % ) change 2014 v 2013', '% ( % ) change2013 v 2012'], ['average train speed ( miles per hour )', '24.0', '26.0', '26.5', '( 8 ) % ( % )', '( 2 ) % ( % )'], ['average terminal dwell time ( hours )', '30.3', '27.1', '26.2', '12 % ( % )', '3 % ( % )'], ['gross ton-miles ( billions )', '1014.9', '949.1', '959.3', '7 % ( % )', '( 1 ) % ( % )'], ['revenue ton-miles ( billions )', '549.6', '514.3', '521.1', '7 % ( % )', '( 1 ) % ( % )'], ['operating ratio', '63.5', '66.1', '67.8', '( 2.6 ) pts', '( 1.7 ) pts'], ['employees ( average )', '47201', '46445', '45928', '2 % ( % )', '1 % ( % )']]
average train speed 2013 average train speed is calculated by dividing train miles by hours operated on our main lines between terminals .average train speed , as reported to the association of american railroads , decreased 8% ( 8 % ) in 2014 versus 2013 .the decline was driven by a 7% ( 7 % ) volume increase , a major infrastructure project in fort worth , texas and inclement weather , including flooding in the midwest in the second quarter and severe weather conditions in the first quarter that impacted all major u.s .and canadian railroads .average train speed decreased 2% ( 2 % ) in 2013 versus 2012 .the decline was driven by severe weather conditions and shifts of traffic to sections of our network with higher utilization .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 12% ( 12 % ) in 2014 compared to 2013 , caused by higher volumes and inclement weather .average terminal dwell time increased 3% ( 3 % ) in 2013 compared to 2012 , primarily due to growth of manifest traffic which requires more time in terminals for switching cars and building trains .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 ton-miles , revenue ton-miles and carloadings all increased 7% ( 7 % ) in 2014 compared to 2013 .gross ton-miles and revenue ton-miles declined 1% ( 1 % ) in 2013 compared to 2012 and carloads remained relatively flat driven by declines in coal and agricultural products offset by growth in chemical , autos and industrial products .changes in commodity mix drove the year-over-year variances between gross ton- miles , revenue ton-miles and carloads. .
|
if average train speed ( miles per hour ) increased at the same rate as carloadings , what would the speed have been for 2014?
|
27.8
|
{
"answer": "27.8",
"decimal": 27.8,
"type": "float"
}
| |
there is no goodwill assigned to reporting units within the balance sheet management segment .the following table shows the amount of goodwill allocated to each of the reporting units and the fair value as a percentage of book value for the reporting units in the trading and investing segment ( dollars in millions ) : .
[['reporting unit', 'december 31 2012 goodwill', 'december 31 2012 % ( % ) of fair value to book value'], ['retail brokerage', '$ 1791.8', '190% ( 190 % )'], ['market making', '142.4', '115% ( 115 % )'], ['total goodwill', '$ 1934.2', '']]
we also evaluate the remaining useful lives on intangible assets each reporting period to determine whether events and circumstances warrant a revision to the remaining period of amortization .other intangible assets have a weighted average remaining useful life of 13 years .we did not recognize impairment on our other intangible assets in the periods presented .effects if actual results differ if our estimates of fair value for the reporting units change due to changes in our business or other factors , we may determine that an impairment charge is necessary .estimates of fair value are determined based on a complex model using estimated future cash flows and company comparisons .if actual cash flows are less than estimated future cash flows used in the annual assessment , then goodwill would have to be tested for impairment .the estimated fair value of the market making reporting unit as a percentage of book value was approximately 115% ( 115 % ) ; therefore , if actual cash flows are less than our estimated cash flows , goodwill impairment could occur in the market making reporting unit in the future .these cash flows will be monitored closely to determine if a further evaluation of potential impairment is necessary so that impairment could be recognized in a timely manner .in addition , following the review of order handling practices and pricing for order flow between e*trade securities llc and gi execution services , llc , our regulators may initiate investigations into our historical practices which could subject us to monetary penalties and cease-and-desist orders , which could also prompt claims by customers of e*trade securities llc .any of these actions could materially and adversely affect our market making and trade execution businesses , which could impact future cash flows and could result in goodwill impairment .intangible assets are amortized over their estimated useful lives .if changes in the estimated underlying revenue occur , impairment or a change in the remaining life may need to be recognized .estimates of effective tax rates , deferred taxes and valuation allowance description in preparing the consolidated financial statements , we calculate income tax expense ( benefit ) based on our interpretation of the tax laws in the various jurisdictions where we conduct business .this requires us to estimate current tax obligations and the realizability of uncertain tax positions and to assess temporary differences between the financial statement carrying amounts and the tax basis of assets and liabilities .these differences result in deferred tax assets and liabilities , the net amount of which we show as other assets or other liabilities on the consolidated balance sheet .we must also assess the likelihood that each of the deferred tax assets will be realized .to the extent we believe that realization is not more likely than not , we establish a valuation allowance .when we establish a valuation allowance or increase this allowance in a reporting period , we generally record a corresponding tax expense in the consolidated statement of income ( loss ) .conversely , to the extent circumstances indicate that a valuation allowance is no longer necessary , that portion of the valuation allowance is reversed , which generally reduces overall income tax expense .at december 31 , 2012 we had net deferred tax assets of $ 1416.2 million , net of a valuation allowance ( on state , foreign country and charitable contribution deferred tax assets ) of $ 97.8 million. .
|
what percentage of total goodwill is comprised of market making at december 31 2012?
|
7%
|
{
"answer": "7%",
"decimal": 0.07,
"type": "percentage"
}
| |
mastercard incorporated notes to consolidated financial statements 2014 ( continued ) ( in thousands , except percent and per share data ) the company does not make any contributions to its postretirement plan other than funding benefits payments .the following table summarizes expected net benefit payments from the company 2019s general assets through 2018 : benefit payments expected subsidy receipts benefit payments .
[['', 'benefit payments', 'expected subsidy receipts', 'net benefit payments'], ['2009', '$ 2641', '$ 77', '$ 2564'], ['2010', '3139', '91', '3048'], ['2011', '3561', '115', '3446'], ['2012', '3994', '140', '3854'], ['2013', '4357', '169', '4188'], ['2014 2013 2018', '25807', '1269', '24538']]
the company provides limited postemployment benefits to eligible former u.s .employees , primarily severance under a formal severance plan ( the 201cseverance plan 201d ) .the company accounts for severance expense in accordance with sfas no .112 , 201cemployers 2019 accounting for postemployment benefits 201d by accruing the expected cost of the severance benefits expected to be provided to former employees after employment over their relevant service periods .the company updates the assumptions in determining the severance accrual by evaluating the actual severance activity and long-term trends underlying the assumptions .as a result of updating the assumptions , the company recorded severance expense ( benefit ) related to the severance plan of $ 2643 , $ ( 3418 ) and $ 8400 , respectively , during the years 2008 , 2007 and 2006 .the company has an accrued liability related to the severance plan and other severance obligations in the amount of $ 63863 and $ 56172 at december 31 , 2008 and 2007 , respectively .note 13 .debt on april 28 , 2008 , the company extended its committed unsecured revolving credit facility , dated as of april 28 , 2006 ( the 201ccredit facility 201d ) , for an additional year .the new expiration date of the credit facility is april 26 , 2011 .the available funding under the credit facility will remain at $ 2500000 through april 27 , 2010 and then decrease to $ 2000000 during the final year of the credit facility agreement .other terms and conditions in the credit facility remain unchanged .the company 2019s option to request that each lender under the credit facility extend its commitment was provided pursuant to the original terms of the credit facility agreement .borrowings under the facility are available to provide liquidity in the event of one or more settlement failures by mastercard international customers and , subject to a limit of $ 500000 , for general corporate purposes .a facility fee of 8 basis points on the total commitment , or approximately $ 2030 , is paid annually .interest on borrowings under the credit facility would be charged at the london interbank offered rate ( libor ) plus an applicable margin of 37 basis points or an alternative base rate , and a utilization fee of 10 basis points would be charged if outstanding borrowings under the facility exceed 50% ( 50 % ) of commitments .the facility fee and borrowing cost are contingent upon the company 2019s credit rating .the company also agreed to pay upfront fees of $ 1250 and administrative fees of $ 325 for the credit facility which are being amortized straight- line over three years .facility and other fees associated with the credit facility or prior facilities totaled $ 2353 , $ 2477 and $ 2717 for each of the years ended december 31 , 2008 , 2007 and 2006 , respectively .mastercard was in compliance with the covenants of the credit facility and had no borrowings under the credit facility at december 31 , 2008 or december 31 , 2007 .the majority of credit facility lenders are customers or affiliates of customers of mastercard international .in june 1998 , mastercard international issued ten-year unsecured , subordinated notes ( the 201cnotes 201d ) paying a fixed interest rate of 6.67% ( 6.67 % ) per annum .mastercard repaid the entire principal amount of $ 80000 on june 30 .
|
what is the variation observed in the net benefit payments during 2012 and 2011?
|
408
|
{
"answer": "408",
"decimal": 408,
"type": "float"
}
|
it is the difference between those values of net benefit payments .
|
intel corporation notes to consolidated financial statements ( continued ) the aggregate fair value of awards that vested in 2015 was $ 1.5 billion ( $ 1.1 billion in 2014 and $ 1.0 billion in 2013 ) , which represents the market value of our common stock on the date that the rsus vested .the grant-date fair value of awards that vested in 2015 was $ 1.1 billion ( $ 949 million in 2014 and $ 899 million in 2013 ) .the number of rsus vested includes shares of common stock that we withheld on behalf of employees to satisfy the minimum statutory tax withholding requirements .rsus that are expected to vest are net of estimated future forfeitures .as of december 26 , 2015 , there was $ 1.8 billion in unrecognized compensation costs related to rsus granted under our equity incentive plans .we expect to recognize those costs over a weighted average period of 1.2 years .stock option awards as of december 26 , 2015 , options outstanding that have vested and are expected to vest were as follows : number of options ( in millions ) weighted average exercise weighted average remaining contractual ( in years ) aggregate intrinsic ( in millions ) .
[['', 'number ofoptions ( in millions )', 'weightedaverageexerciseprice', 'weightedaverageremainingcontractualterm ( in years )', 'aggregateintrinsicvalue ( in millions )'], ['vested', '43.8', '$ 21.07', '1.8', '$ 609'], ['expected to vest', '9.6', '$ 24.07', '4.1', '$ 104'], ['total', '53.4', '$ 21.61', '2.2', '$ 713']]
aggregate intrinsic value represents the difference between the exercise price and $ 34.98 , the closing price of our common stock on december 24 , 2015 , as reported on the nasdaq global select market , for all in-the-money options outstanding .options outstanding that are expected to vest are net of estimated future option forfeitures .options with a fair value of $ 42 million completed vesting in 2015 ( $ 68 million in 2014 and $ 186 million in 2013 ) .as of december 26 , 2015 , there was $ 13 million in unrecognized compensation costs related to stock options granted under our equity incentive plans .we expect to recognize those costs over a weighted average period of approximately eight months. .
|
what percentage of stock option awards are vested as of december 26 , 2015?
|
82%
|
{
"answer": "82%",
"decimal": 0.82,
"type": "percentage"
}
| |
long-term liabilities .the value of the company 2019s deferred compensation obligations is based on the market value of the participants 2019 notional investment accounts .the notional investments are comprised primarily of mutual funds , which are based on observable market prices .mark-to-market derivative asset and liability 2014the company utilizes fixed-to-floating interest-rate swaps , typically designated as fair-value hedges , to achieve a targeted level of variable-rate debt as a percentage of total debt .the company also employs derivative financial instruments in the form of variable-to-fixed interest rate swaps , classified as economic hedges , in order to fix the interest cost on some of its variable-rate debt .the company uses a calculation of future cash inflows and estimated future outflows , which are discounted , to determine the current fair value .additional inputs to the present value calculation include the contract terms , counterparty credit risk , interest rates and market volatility .other investments 2014other investments primarily represent money market funds used for active employee benefits .the company includes other investments in other current assets .note 18 : leases the company has entered into operating leases involving certain facilities and equipment .rental expenses under operating leases were $ 21 for 2015 , $ 22 for 2014 and $ 23 for 2013 .the operating leases for facilities will expire over the next 25 years and the operating leases for equipment will expire over the next five years .certain operating leases have renewal options ranging from one to five years .the minimum annual future rental commitment under operating leases that have initial or remaining non- cancelable lease terms over the next five years and thereafter are as follows: .
[['year', 'amount'], ['2016', '$ 13'], ['2017', '12'], ['2018', '11'], ['2019', '10'], ['2020', '8'], ['thereafter', '74']]
the company has a series of agreements with various public entities ( the 201cpartners 201d ) to establish certain joint ventures , commonly referred to as 201cpublic-private partnerships . 201d under the public-private partnerships , the company constructed utility plant , financed by the company and the partners constructed utility plant ( connected to the company 2019s property ) , financed by the partners .the company agreed to transfer and convey some of its real and personal property to the partners in exchange for an equal principal amount of industrial development bonds ( 201cidbs 201d ) , issued by the partners under a state industrial development bond and commercial development act .the company leased back the total facilities , including portions funded by both the company and the partners , under leases for a period of 40 years .the leases related to the portion of the facilities funded by the company have required payments from the company to the partners that approximate the payments required by the terms of the idbs from the partners to the company ( as the holder of the idbs ) .as the ownership of the portion of the facilities constructed by the company will revert back to the company at the end of the lease , the company has recorded these as capital leases .the lease obligation and the receivable for the principal amount of the idbs are presented by the company on a net basis .the gross cost of the facilities funded by the company recognized as a capital lease asset was $ 156 and $ 157 as of december 31 , 2015 and 2014 , respectively , which is presented in property , plant and equipment in the accompanying consolidated balance sheets .the future payments under the lease obligations are equal to and offset by the payments receivable under the idbs. .
|
what was the amortization expense for the operating leases for facility and equipment from 2015 to 2014 in dollars
|
1
|
{
"answer": "1",
"decimal": 1,
"type": "float"
}
|
the change from one period to another is the difference between the 2 periods
|
entergy new orleans , inc .management 2019s financial discussion and analysis plan to spin off the utility 2019s transmission business see the 201cplan to spin off the utility 2019s transmission business 201d section of entergy corporation and subsidiaries management 2019s financial discussion and analysis for a discussion of this matter , including the planned retirement of debt and preferred securities .results of operations net income 2011 compared to 2010 net income increased $ 4.9 million primarily due to lower other operation and maintenance expenses , lower taxes other than income taxes , a lower effective income tax rate , and lower interest expense , partially offset by lower net revenue .2010 compared to 2009 net income remained relatively unchanged , increasing $ 0.6 million , primarily due to higher net revenue and lower interest expense , almost entirely offset by higher other operation and maintenance expenses , higher taxes other than income taxes , lower other income , and higher depreciation and amortization expenses .net revenue 2011 compared to 2010 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 2011 to 2010 .amount ( in millions ) .
[['', 'amount ( in millions )'], ['2010 net revenue', '$ 272.9'], ['retail electric price', '-16.9 ( 16.9 )'], ['net gas revenue', '-9.1 ( 9.1 )'], ['gas cost recovery asset', '-3.0 ( 3.0 )'], ['volume/weather', '5.4'], ['other', '-2.3 ( 2.3 )'], ['2011 net revenue', '$ 247.0']]
the retail electric price variance is primarily due to formula rate plan decreases effective october 2010 and october 2011 .see note 2 to the financial statements for a discussion of the formula rate plan filing .the net gas revenue variance is primarily due to milder weather in 2011 compared to 2010 .the gas cost recovery asset variance is primarily due to the recognition in 2010 of a $ 3 million gas operations regulatory asset associated with the settlement of entergy new orleans 2019s electric and gas formula rate plan case and the amortization of that asset .see note 2 to the financial statements for additional discussion of the formula rate plan settlement. .
|
in 2010 what was the ratio of the net gas revenue to the gas cost recovery asset ( 3.0 )
|
3.03
|
{
"answer": "3.03",
"decimal": 3.03,
"type": "float"
}
| |
notes to consolidated financial statements ( continued ) management performs detailed reviews of its receivables on a monthly and/or quarterly basis to assess the adequacy of the allowances based on historical and current trends and other factors affecting credit losses and to determine if any impairment has occurred .a receivable is impaired when it is probable that all amounts related to the receivable will not be collected according to the contractual terms of the agreement .in circumstances where the company is aware of a specific customer 2019s inability to meet its financial obligations , a specific reserve is recorded against amounts due to reduce the net recognized receivable to the amount reasonably expected to be collected .additions to the allowances for doubtful accounts are maintained through adjustments to the provision for credit losses , which are charged to current period earnings ; amounts determined to be uncollectable are charged directly against the allowances , while amounts recovered on previously charged-off accounts increase the allowances .net charge-offs include the principal amount of losses charged off as well as charged-off interest and fees .recovered interest and fees previously charged-off are recorded through the allowances for doubtful accounts and increase the allowances .finance receivables are assessed for charge- off when an account becomes 120 days past due and are charged-off typically within 60 days of asset repossession .contract receivables related to equipment leases are generally charged-off when an account becomes 150 days past due , while contract receivables related to franchise finance and van leases are generally charged off up to 180 days past the asset return .for finance and contract receivables , customer bankruptcies are generally charged-off upon notification that the associated debt is not being reaffirmed or , in any event , no later than 180 days past due .snap-on does not believe that its trade accounts , finance or contract receivables represent significant concentrations of credit risk because of the diversified portfolio of individual customers and geographical areas .see note 3 for further information on receivables and allowances for doubtful accounts .other accrued liabilities : supplemental balance sheet information for 201cother accrued liabilities 201d as of 2012 and 2011 year end is as follows : ( amounts in millions ) 2012 2011 .
[['( amounts in millions )', '2012', '2011'], ['income taxes', '$ 19.6', '$ 11.7'], ['accrued restructuring', '7.2', '8.4'], ['accrued warranty', '18.9', '18.6'], ['deferred subscription revenue', '24.8', '24.9'], ['accrued property payroll and other tax', '32.9', '30.4'], ['accrued selling and promotion expense', '26.6', '29.1'], ['other', '117.9', '132.8'], ['total other accrued liabilities', '$ 247.9', '$ 255.9']]
inventories : snap-on values its inventory at the lower of cost or market and adjusts for the value of inventory that is estimated to be excess , obsolete or otherwise unmarketable .snap-on records allowances for excess and obsolete inventory based on historical and estimated future demand and market conditions .allowances for raw materials are largely based on an analysis of raw material age and actual physical inspection of raw material for fitness for use .as part of evaluating the adequacy of allowances for work-in-progress and finished goods , management reviews individual product stock-keeping units ( skus ) by product category and product life cycle .cost adjustments for each product category/product life-cycle state are generally established and maintained based on a combination of historical experience , forecasted sales and promotions , technological obsolescence , inventory age and other actual known conditions and circumstances .should actual product marketability and raw material fitness for use be affected by conditions that are different from management estimates , further adjustments to inventory allowances may be required .snap-on adopted the 201clast-in , first-out 201d ( 201clifo 201d ) inventory valuation method in 1973 for its u.s .locations .snap-on 2019s u.s .inventories accounted for on a lifo basis consist of purchased product and inventory manufactured at the company 2019s heritage u.s .manufacturing facilities ( primarily hand tools and tool storage ) .as snap-on began acquiring businesses in the 1990 2019s , the company retained the 201cfirst-in , first-out 201d ( 201cfifo 201d ) inventory valuation methodology used by the predecessor businesses prior to their acquisition by snap-on ; the company does not adopt the lifo inventory valuation methodology for new acquisitions .see note 4 for further information on inventories .72 snap-on incorporated .
|
what was the percent of income taxes as part of the the total other accrued liabilities in 2012
|
7.91%
|
{
"answer": "7.91%",
"decimal": 0.0791,
"type": "percentage"
}
| |
as of 30 september 2016 and 2015 , there were no assets or liabilities classified as discontinued operations relating to the homecare business .5 .business restructuring and cost reduction actions the charges we record for business restructuring and cost reduction actions have been excluded from segment operating income .cost reduction actions in fiscal year 2016 , we recognized an expense of $ 33.9 ( $ 24.0 after-tax , or $ .11 per share ) for severance and other benefits related to cost reduction actions which resulted in the elimination of approximately 700 positions .the expenses related primarily to the industrial gases 2013 americas and the industrial gases 2013 emea segments .the following table summarizes the carrying amount of the accrual for cost reduction actions at 30 september severance and other benefits .
[['', 'severance and other benefits'], ['2016 charge', '$ 33.9'], ['amount reflected in pension liability', '-.9 ( .9 )'], ['cash expenditures', '-20.4 ( 20.4 )'], ['currency translation adjustment', '.3'], ['30 september 2016', '$ 12.9']]
business realignment and reorganization on 18 september 2014 , we announced plans to reorganize the company , including realignment of our businesses in new reporting segments and other organizational changes , effective as of 1 october 2014 .as a result of this reorganization , we incurred severance and other charges .in fiscal year 2015 , we recognized an expense of $ 207.7 ( $ 153.2 after-tax , or $ .71 per share ) .severance and other benefits totaled $ 151.9 and related to the elimination of approximately 2000 positions .asset and associated contract actions totaled $ 55.8 and related primarily to a plant shutdown in the corporate and other segment and the exit of product lines within the industrial gases 2013 global and materials technologies segments .the 2015 charges related to the segments as follows : $ 31.7 in industrial gases 2013 americas , $ 52.2 in industrial gases 2013 emea , $ 10.3 in industrial gases 2013 asia , $ 37.0 in industrial gases 2013 global , $ 27.6 in materials technologies , and $ 48.9 in corporate and other .during the fourth quarter of 2014 , an expense of $ 12.7 ( $ 8.2 after-tax , or $ .04 per share ) was incurred relating to the elimination of approximately 50 positions .the 2014 charge related to the segments as follows : $ 2.9 in industrial gases 2013 americas , $ 3.1 in industrial gases 2013 emea , $ 1.5 in industrial gases 2013 asia , $ 1.5 in industrial gases 2013 global , $ 1.6 in materials technologies , and $ 2.1 in corporate and other. .
|
considering the 2015's charge , what is the impact of the industrial gases 2013 americas segment concerning the total expenses?
|
15.26%
|
{
"answer": "15.26%",
"decimal": 0.15259999999999999,
"type": "percentage"
}
|
it is the expense related to the industrial gases 2013 americas segment divided by the total charge , then turned into a percentage .
|
dish network corporation notes to consolidated financial statements - continued recorded as a decrease in 201cincome tax ( provision ) benefit , net 201d on our consolidated statements of operations and comprehensive income ( loss ) for the year ended december 31 , 2013 .10 .discontinued operations as of december 31 , 2013 , blockbuster had ceased material operations .the results of blockbuster are presented for all periods as discontinued operations in our consolidated financial statements .during the years ended december 31 , 2013 and 2012 , the revenue from our discontinued operations was $ 503 million and $ 1.085 billion , respectively .201cincome ( loss ) from discontinued operations , before income taxes 201d for the same periods was a loss of $ 54 million and $ 62 million , respectively .in addition , 201cincome ( loss ) from discontinued operations , net of tax 201d for the same periods was a loss of $ 47 million and $ 37 million , respectively .as of december 31 , 2013 , the net assets from our discontinued operations consisted of the following : december 31 , 2013 ( in thousands ) .
[['', 'as of december 31 2013 ( in thousands )'], ['current assets from discontinued operations', '$ 68239'], ['noncurrent assets from discontinued operations', '9965'], ['current liabilities from discontinued operations', '-49471 ( 49471 )'], ['long-term liabilities from discontinued operations', '-19804 ( 19804 )'], ['net assets from discontinued operations', '$ 8929']]
blockbuster - domestic since the blockbuster acquisition , we continually evaluated the impact of certain factors , including , among other things , competitive pressures , the ability of significantly fewer company-owned domestic retail stores to continue to support corporate administrative costs , and other issues impacting the store-level financial performance of our company-owned domestic retail stores .these factors , among others , previously led us to close a significant number of company-owned domestic retail stores during 2012 and 2013 .on november 6 , 2013 , we announced that blockbuster would close all of its remaining company-owned domestic retail stores and discontinue the blockbuster by-mail dvd service .as of december 31 , 2013 , blockbuster had ceased material operations .blockbuster 2013 mexico during the third quarter 2013 , we determined that our blockbuster operations in mexico ( 201cblockbuster mexico 201d ) were 201cheld for sale . 201d as a result , we recorded pre-tax impairment charges of $ 19 million related to exiting the business , which was recorded in 201cincome ( loss ) from discontinued operations , net of tax 201d on our consolidated statements of operations and comprehensive income ( loss ) for the year ended december 31 , 2013 .on january 14 , 2014 , we completed the sale of blockbuster mexico .blockbuster uk administration on january 16 , 2013 , blockbuster entertainment limited and blockbuster gb limited , our blockbuster operating subsidiaries in the united kingdom , entered into administration proceedings in the united kingdom ( the 201cadministration 201d ) .as a result of the administration , we wrote down the assets of all our blockbuster uk subsidiaries to their estimated net realizable value on our consolidated balance sheets as of december 31 , 2012 .in total , we recorded charges of approximately $ 46 million on a pre-tax basis related to the administration , which was recorded in 201cincome ( loss ) from discontinued operations , net of tax 201d on our consolidated statements of operations and comprehensive income ( loss ) for the year ended december 31 , 2012. .
|
what is the tax expense related to discontinued operations in 2012?
|
25.0
|
{
"answer": "25.0",
"decimal": 25,
"type": "float"
}
| |
operating income ( loss ) by segment is summarized below: .
[['( in thousands )', 'year ended december 31 , 2016', 'year ended december 31 , 2015', 'year ended december 31 , $ change', 'year ended december 31 , % ( % ) change'], ['north america', '$ 408424', '$ 460961', '$ -52537 ( 52537 )', '( 11.4 ) % ( % )'], ['emea', '11420', '3122', '8298', '265.8'], ['asia-pacific', '68338', '36358', '31980', '88.0'], ['latin america', '-33891 ( 33891 )', '-30593 ( 30593 )', '-3298 ( 3298 )', '10.8'], ['connected fitness', '-36820 ( 36820 )', '-61301 ( 61301 )', '24481', '39.9'], ['total operating income', '$ 417471', '$ 408547', '$ 8924', '2.2% ( 2.2 % )']]
the increase in total operating income was driven by the following : 2022 operating income in our north america operating segment decreased $ 52.5 million to $ 408.4 million in 2016 from $ 461.0 million in 2015 primarily due to decreases in gross margin discussed above in the consolidated results of operations and $ 17.0 million in expenses related to the liquidation of the sports authority , comprised of $ 15.2 million in bad debt expense and $ 1.8 million of in-store fixture impairment .in addition , this decrease reflects the movement of $ 11.1 million in expenses resulting from a strategic shift in headcount supporting our global business from our connected fitness operating segment to north america .this decrease is partially offset by the increases in revenue discussed above in the consolidated results of operations .2022 operating income in our emea operating segment increased $ 8.3 million to $ 11.4 million in 2016 from $ 3.1 million in 2015 primarily due to sales growth discussed above and reductions in incentive compensation .this increase was offset by investments in sports marketing and infrastructure for future growth .2022 operating income in our asia-pacific operating segment increased $ 31.9 million to $ 68.3 million in 2016 from $ 36.4 million in 2015 primarily due to sales growth discussed above and reductions in incentive compensation .this increase was offset by investments in our direct-to-consumer business and entry into new territories .2022 operating loss in our latin america operating segment increased $ 3.3 million to $ 33.9 million in 2016 from $ 30.6 million in 2015 primarily due to increased investments to support growth in the region and the economic challenges in brazil during the period .this increase in operating loss was offset by sales growth discussed above and reductions in incentive compensation .2022 operating loss in our connected fitness segment decreased $ 24.5 million to $ 36.8 million in 2016 from $ 61.3 million in 2015 primarily driven by sales growth discussed above .seasonality historically , we have recognized a majority of our net revenues and a significant portion of our income from operations in the last two quarters of the year , driven primarily by increased sales volume of our products during the fall selling season , including our higher priced cold weather products , along with a larger proportion of higher margin direct to consumer sales .the level of our working capital generally reflects the seasonality and growth in our business .we generally expect inventory , accounts payable and certain accrued expenses to be higher in the second and third quarters in preparation for the fall selling season. .
|
what portion of total operating income is generated by north america segment in 2015?
|
112.8%
|
{
"answer": "112.8%",
"decimal": 1.128,
"type": "percentage"
}
| |
part iii item 10 .directors , and executive officers and corporate governance .pursuant to section 406 of the sarbanes-oxley act of 2002 , we have adopted a code of ethics for senior financial officers that applies to our principal executive officer and principal financial officer , principal accounting officer and controller , and other persons performing similar functions .our code of ethics for senior financial officers is publicly available on our website at www.hologic.com .we intend to satisfy the disclosure requirement under item 5.05 of current report on form 8-k regarding an amendment to , or waiver from , a provision of this code by posting such information on our website , at the address specified above .the additional information required by this item is incorporated by reference to our definitive proxy statement for our annual meeting of stockholders to be filed with the securities and exchange commission within 120 days after the close of our fiscal year .item 11 .executive compensation .the information required by this item is incorporated by reference to our definitive proxy statement for our annual meeting of stockholders to be filed with the securities and exchange commission within 120 days after the close of our fiscal year .item 12 .security ownership of certain beneficial owners and management and related stockholder matters .we maintain a number of equity compensation plans for employees , officers , directors and others whose efforts contribute to our success .the table below sets forth certain information as of the end of our fiscal year ended september 27 , 2008 regarding the shares of our common stock available for grant or granted under stock option plans and equity incentives that ( i ) were approved by our stockholders , and ( ii ) were not approved by our stockholders .the number of securities and the exercise price of the outstanding securities have been adjusted to reflect our two-for-one stock splits effected on november 30 , 2005 and april 2 , 2008 .equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders ...................................15370814 $ 16.10 19977099 equity compensation plans not approved by security holders ( 1 ) ................................582881 $ 3.79 2014 .
[['plan category', 'number of securities to be issued upon exercise of outstanding options warrants and rights ( a )', 'weighted-average exercise price of outstanding options warrants and rights ( b )', 'number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c )'], ['equity compensation plans approved by security holders', '15370814', '$ 16.10', '19977099'], ['equity compensation plans not approved by security holders ( 1 )', '582881', '$ 3.79', '2014'], ['total', '15953695', '$ 15.65', '19977099']]
( 1 ) includes the following plans : 1997 employee equity incentive plan and 2000 acquisition equity incentive plan .a description of each of these plans is as follows : 1997 employee equity incentive plan .the purposes of the 1997 employee equity incentive plan ( the 201c1997 plan 201d ) , adopted by the board of directors in may 1997 , are to attract and retain key employees , consultants and advisors , to provide an incentive for them to assist us in achieving long-range performance goals , and to enable such person to participate in our long-term growth .in general , under the 1997 plan , all employees .
|
what is the total fair value of options , warrants and rights that are issued and approved by by security holders , ( in millions ) ?
|
247.5
|
{
"answer": "247.5",
"decimal": 247.5,
"type": "float"
}
|
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